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AGENDA
JOINT REGULAR MEETING
OF THE SAN JACINTO CITY COUNCIL AND THE SUCCESSOR AGENCY TO
THE CITY OF SAN JACINTO REDEVELOPMENT AGENCY
October 7, 2014, 6:30 p.m.
625 South Pico Avenue
San Jacinto Community Center, San Jacinto, CA 92583
1. ORGANIZATION
1.1 Call to Order
1.2 Roll Call
1.3 Invocation
1.4 Pledge of Allegiance
1.5 Special Presentations
1.5.1 Watermaster Status Briefing
1.6 MAYOR/COUNCIL MEMBER REPORTS/DISCUSSIONS
2. PUBLIC COMMENTS
Now is the time for the public to address the Council on any subject within the jurisdiction of the City
Council not listed on the agenda. A limitation of three (3) minutes shall be set for each person desiring
to address the City Council.
2.1 City Manager’s Report on previous month’s public comments
3. JOINT CONSENT CALENDARS (SECTIONS 3A AND 3B)
The matters listed under Consent Calendars are considered routine and will be enacted by one motion
by City Council Members in the form listed. There will be no separate discussion on these items prior to
the motion unless members of the City Council, staff or the public requests a specified item be removed
and/or discussed. If an item is pulled, it will be heard after the balance of the Consent Calendar has
been voted on.
3A CONSENT CALENDAR - CITY COUNCIL
3A.1 Continuance of the Proclamation of the Local State of Emergency due to
the Severe Winter Storms that began on April 29, 2014 / Approve / City
Clerk
City Council Agenda
October 7, 2014
Page 2 of 3
3A.2 Waiver of Full Reading of Ordinance(s), and Reading by Title Only /
Approve / City Clerk, City Attorney
3A.3 Amendment of the Conflict of Interest Code Pursuant to the Political
reform Act of 1974 / Approve / City Clerk
3A.4 Minutes of September 16, 2014 - Regular Meeting / Approve / City
Clerk
3A.5 Treasurer's Report at August 31, 2014 / Approve / City Treasurer
3A.6 Side Letters to the Memorandums of Understanding with San Jacinto
Management Association and Service Employees International Union
Local 721 (SEIU) / Approve / City Manager
3A.7 Public Improvement Fee Credit Agreement - CADO San Jacinto, LLC
(Tentative Tract Nos. 31037, 31037-1 and 31037-2) / Approve / City
Attorney
3B CONSENT CALENDAR - SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF SAN JACINTO
4. PUBLIC HEARING
5. STAFF REPORTS
At the end of the scheduled City Department items, anyone wishing to discuss a consent calendar item
should come forward upon invitation of the Mayor; state their name, address, and the consent calendar
item number pulled. Speakers should limit comments to three (3) minutes.
5.1 Street Sweeping Parking Enforcement Program / Approve / Public Works
Director, City Manager
5.2 Authorization to provide advance written notice to the County of Riverside
requesting public safety service reductions in the event the City does not
receive supplemental revenue / Approve / City Manager
6. CLOSED SESSION
6.1 CLOSED SESSION - CITY COUNCIL
6.2 CLOSED SESSION - SUCCESSOR AGENCY TO THE REDEVELOPMENT
AGENCY OF THE CITY OF SAN JACINTO
7. ADJOURNMENT
City Council Agenda
October 7, 2014
Page 3 of 3
If you challenge any action of the City Council in court, you may be limited to raising only those issues you or
someone else raised at the public hearing described in this notice, or in written correspondence delivered to
the City Council (c/o the City Clerk) at, or prior to, the public hearing.
CHALLENGE TO LAND USE DECISIONS: Any person seeking to challenge a decision regarding land use
made by the City Council as a result of a proceeding in which by law a hearing is required to be given, shall
be required to commence that action 90 days following the date on which the decision of the City Council
becomes final as provided in Code of Civil Procedure Section 1094.6. Please refer to Code of Civil Procedure
Section 1094.6 to determine how to calculate when a decision becomes final.
It is the intention of the City of San Jacinto to comply with the Americans with Disabilities Act (ADA) in all
respects. If, as an attendee or a participant at this meeting, or in meetings on a regular basis, you will need
special assistance beyond what is normally provided, the City will attempt to accommodate you in every
reasonable manner. Please contact City Hall at (951) 537-6358, at least 48 hours prior to the meeting to
inform us of your particular needs and to determine if accommodation is feasible.
Any writing related to an agenda item for an open session of a regular meeting of the City Council that is
distributed less than 72 hours prior to the meeting will be made available for public inspection at the City
Clerk's office, located at 595 South San Jacinto Avenue, San Jacinto, California, and at the regular meeting
location - City of San Jacinto Community Center, 625 South Pico Avenue, San Jacinto, California - at the time
the writing is distributed to a majority of the City Council
DOCUMENTS RELATED TO OPEN SESSION AGENDAS (SB 343) -- Any public record,
relating to an open session agenda item, that is distributed within 72 hours prior to the
meeting is available for public inspection at the public counter located in the Administration
Building of City Hall, 595 S San Jacinto Avenue, San Jacinto, CA 92583
I, Richard Miller, City Clerk of the City of San Jacinto, do hereby certify that I caused to be posted the foregoing
agenda this 2nd Day of october, 2014, as required by law.
Richard Miller, City Clerk
October 7, 2014
TO: The Honorable Mayor and Members of the City Council
FROM: Rick Miller, City Clerk
SUBJECT: Continuance of the Proclamation of the Local State of Emergency due to
the Severe Winter Storms that began on April 29, 2014
RECOMMENDATION:
Staff recommends that the City Council, by motion, approve to the continuance of the
Proclamation of the Local State of Emergency due to the Severe Wind Storms that
began on April 29, 2014.
DISCUSSION:
On April 30, 2014 the Director of Emergency Services/City Manager proclaimed the
existence of a local emergency resulting from the severe and damaging winter storms that
began on or about 8:00 a.m. on April 29, 2014. Government Code section 8630 requires
the City Council to ratify any local emergency proclaimed by a local official such as the
Director of Emergency Services/City Manager within seven days. Thereafter, the City
Council shall at least once every 30 review the need for continuing the local emergency.
ALTERNATIVES:
1) Consent to the continuance of the Proclamation of the Local State of Emergency
(Staff Recommendation).
2) Do Not Consent to the continuance.
FISCAL IMPACT:
The City’s ability to obtain or continue to receive federal, state or regional
disaster/emergency relief funding may be impacted if the City Council does not Consent
to continue the proclamation of the local state of emergency. Substantial budgetary
impacts are apparent for recovery efforts to include substantial employee overtime
salaries; purchases of materials, supplies and equipment; use of private
contractors/force labor; and other repairs to city right-of-way facilities (Preliminary
estimates range from thirty to eighty thousand dollars). Budgetary assistance and
reimbursement is available from Federal Emergency Management Agency (F.E.M.A.)
PACKET PAGE: 1
AGENDA ITEM 3A.1
for related costs for limited recovery efforts to critical infrastructure including: electrical,
power, telecommunications, water supply, public safety, and transportation.
ATTACHMENTS:
· Copy of Resolution Number 3506
PACKET PAGE: 2
AGENDA ITEM 3A.1
PACKET PAGE: 3AGENDA ITEM 3A.1
PACKET PAGE: 4AGENDA ITEM 3A.1
October 7, 2014
TO: The Honorable Mayor and Members of the City Council
FROM: Rick Miller, City Clerk
Jeff Ballinger, City Attorney
SUBJECT: Waiver of Full Reading of Ordinance(s), and Reading by Title Only
RECOMMENDATION:
Staff recommends that the City Council, by motion, waive the full reading of any and all
ordinances on this meeting’s agenda, and authorize their reading by title only.
BACKGROUND:
Government Code Section 36934 requires that all ordinances shall be read in full either
at the time of their introduction or their passage. However, Government Code Section
36934 allows the waiver of this requirement by regular motion adopted by majority vote
if the title of the ordinance is read.
This waiver can be accomplished at the time of each ordinance action, or as a standing
waiver, accomplished as a consent calendar motion. In order to stream-line the process
for the passage of ordinances, the City Attorney and staff propose the second option,
which is the waiver of any and all ordinances on this agenda.
ALTERNATIVES:
Approval: Approve the addition of the attached language to all future agendas of the
City Council, thus waiving the full reading of all future ordinances.
Denial: Do not approve the agenda language and, instead, before the passage of any
ordinance and after the reading of its title, make a motion that must be adopted by
majority vote that allows a waiver of the full reading.
FISCAL IMPACT:
None
PACKET PAGE: 5
AGENDA ITEM 3A.2
October 7, 2014
TO: The Honorable Mayor and Members of the City Council
FROM: Rick Miller, City Clerk
SUBJECT: Amendment of the Conflict of Interest Code Pursuant to the Political
reform Act of 1974
RECOMMENDATION:
Staff recommends that the City Council, by motion, adopt Resolution No. ____
approving and adopting the amended Conflict of Interest Code pursuant to the Political
Reform Act of 1974.
DISCUSSION
Pursuant to the Political Reform Act (the “Act”), the City Council directed staff to: (1)
conduct a review of the City’s Conflict of Interest Code (“Code”) to determine if a
change in the Code was necessary; (2) revise the Code as necessary based upon such
review; and (3) submit the amended Code to the City Council for adoption and approval,
in accordance with Section 87303 of the Act.
During the review process, staff found that updates and amendments to the City’s
Conflict of Interest Code are necessary. A redlined version of the proposed amended
Code is attached.
The Political Reform Act of 1974, Government Code Section 81000 et seq. (the “Act”),
requires all public agencies to adopt and maintain a Conflict of Interest Code. The Act
further requires that agencies regularly review and update their conflict of interest codes
as necessary as directed by the code-reviewing body or when change is necessitated
by changed circumstances (Sections 87306 and 87306.5). The City Council is the
City’s code-reviewing body. As the code-reviewing body, the City Council directed that
the Code be reviewed and, if a change in the Code was necessary, that a revised Code
be prepared and submitted to the City Council for adoption and approval. During this
review, staff found that amendments to the Code are necessary.
Attached is a legislative (redlined) version of the proposed amended Code. The
proposed revisions are based on the establishment and recognition of new positions
that must be designated and include language provided by the Fair Political Practices
Commission to help clarify disclosure requirements.
ALTERNATIVES
· Approve the revised Conflict of Interest Code
PACKET PAGE: 7
AGENDA ITEM 3A.3
· Do not approve the revised Conflict of Interest Code and provide staff with further
direction
FISCAL IMPACT
None
ATTACHMENTS
· Resolution No. ____
· Redline version of 2012 Conflict of Interest Code
· New Conflict of Interest Code for 2014
PACKET PAGE: 8
AGENDA ITEM 3A.3
24438.00000\9313856.1
STATE OF CALIFORNIA ) RESOLUTION NO. _____
COUNTY OF RIVERSIDE ) ss.
CITY OF SAN JACINTO )
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN
JACINTO, CALIFORNIA, ADOPTING AN AMENDED CONFLICT OF
INTEREST CODE PURSUANT TO THE POLITICAL REFORM ACT OF
1974
WHEREAS, the State of California enacted the Political Reform Act of 1974,
Government Code Section 81000 et seq. (the “Act”), which contains provisions relating
to conflicts of interest which potentially affect all officers, employees and consultants of
the City of San Jacinto (“City”) and requires all public agencies to adopt and promulgate
a conflict of interest code; and
WHEREAS, the City Council adopted a Conflict of Interest Code (the “Code”)
which was amended on November 8, 2012, in compliance with the Act; and
WHEREAS, subsequent changed circumstances within the City have made it
advisable and necessary pursuant to Sections 87306 and 87307 of the Act to amend
and update the City’s Code; and
WHEREAS, the potential penalties for violation of the provisions of the Act are
substantial and may include criminal and civil liability, as well as equitable relief which
could result in the City being restrained or prevented from acting in cases where the
provisions of the Act may have been violated; and
WHEREAS, notice of the time and place of a public meeting on, and of
consideration by the City Council of, the proposed amended Code was provided each
affected designated position and publicly posted for review at the offices of the City; and
WHEREAS, a public meeting was held upon the proposed amended Code at a
regular meeting of the City Council on October 7, 2014, at which all present were given
an opportunity to be heard on the proposed amended Code.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of San
Jacinto:
SECTION 1. The City Council does hereby adopt the proposed amended
Conflict of Interest Code, a copy of which is attached hereto.
SECTION 2. The amended Conflict of Interest Code shall be on file with the City
Clerk and available to the public for inspection and copying.
PACKET PAGE: 9
AGENDA ITEM 3A.3
2
24438.00000\9313856.1
SECTION 3. The amended Code shall become effective upon adoption and
approval of the amended Code as submitted.
APPROVED AND ADOPTED this 7th day of October, 2014, by the following
vote:
AYES:
NAYS:
ABSTAIN:
ABSENT:
APPROVED:
________________________________
Mayor, City of San Jacinto
ATTEST:
______________________________
City Clerk, City of San Jacinto
PACKET PAGE: 10
AGENDA ITEM 3A.3
LAW OFFICES OF
BEST BEST & KRIEGER LLP
BBK – September 2014
24438.00000\9313718.1
CONFLICT OF INTEREST CODE
FOR THE
CITY OF SAN JACINTO
PACKET PAGE: 11
AGENDA ITEM 3A.3
LAW OFFICES OF
BEST BEST & KRIEGER LLP
-1- BBK – September 2014
24438.00000\9313718.1
CONFLICT OF INTEREST CODE FOR THE
CITY OF SAN JACINTO
(Adopted October 7, 2014)
The Political Reform Act (Gov. Code § 81000, et seq.) requires state and
local government agencies to adopt and promulgate conflict of interest codes. The Fair
Political Practices Commission has adopted a regulation (2 Cal. Code of Regs. §
18730) that contains the terms of a standard conflict of interest code, which can be
incorporated by reference in an agency’s code. After public notice and hearing, Section
18730 may be amended by the Fair Political Practices Commission to conform to
amendments in the Political Reform Act. Therefore, the terms of 2 California Code of
Regulations section 18730 and any amendments to it duly adopted by the Fair Political
Practices Commission are hereby incorporated by reference. This incorporation page,
Regulation 18730 and the attached Appendix designating positions and establishing
disclosure categories, shall constitute the conflict of interest code of the City of San
Jacinto (the “City”).
All officials and designated positions required to submit a statement of
economic interests shall file their statements with the City Clerk as the City’s Filing
Officer. The City Clerk shall make and retain a copy of all statements filed by the
Mayor, Members of the City Council and Planning Commission, the City Manager, the
City Attorney and the City Treasurer, and forward the originals of such statements to the
Fair Political Practices Commission. The City Clerk shall retain the originals of the
statements filed by all other officials and designated positions and make all statements
available for public inspection and reproduction during regular business hours. (Gov.
Code § 81008.)
PACKET PAGE: 12
AGENDA ITEM 3A.3
LAW OFFICES OF
BEST BEST & KRIEGER LLP
-2- BBK – September 2014
24438.00000\9313718.1
PACKET PAGE: 13
AGENDA ITEM 3A.3
App. A- 1- BBK – September 2014
24438.00000\9313718.1
LAW OFFICES OF
BEST BEST & KRIEGER
APPENDIX
CONFLICT OF INTEREST CODE
OF THE
CITY OF SAN JACINTO
(Amended October 7, 2014)
PART “A”
The Mayor, Members of the City Council and Planning Commission, the
City Manager, the City Attorney, the City Treasurer, and all other City Officials who
manage public investments as defined by 2 Cal. Code of Regs. § 18701(b), are NOT
subject to the City’s Code but must file disclosure statements under Government Code
section 87200 et seq. [Regs. § 18730(b)(3)]
OFFICIALS WHO MANAGE PUBLIC INVESTMENTS
It has been determined that the positions listed below are Other City
Officials who manage public investments1. These positions are listed here for
informational purposes only.
Finance Director
Financial Consultants
1 Individuals holding one of the above-listed positions may contact the Fair Political Practices
Commission for assistance or written advice regarding their filing obligations if they believe that
their position has been categorized incorrectly. The Fair Political Practices Commission makes
the final determination whether a position is covered by § 87200.
PACKET PAGE: 14
AGENDA ITEM 3A.3
App. A- 2- BBK – September 2014
24438.00000\9313718.1
LAW OFFICES OF
BEST BEST & KRIEGER
DESIGNATED POSITIONS
GOVERNED BY THE CONFLICT OF INTEREST CODE
DESIGNATED POSITIONS’
TITLE OR FUNCTION
DISCLOSURE CATEGORIES
ASSIGNED
Assistant City Manager 1, 2
Assistant Planner 2, 3, 5
Building Inspector (ALL) 2, 5, 6
Building Official 2, 5, 6
City Attorney (Not filing under Gov Code 87200) 1, 2
City Clerk 5
City Engineer 2, 3, 5, 6
Code Enforcement Manager 2, 5, 6
Code Enforcement Officer (ALL) 2, 5, 6
Community Development Assistant 6
Community Development Director 1, 2
Development Director 1, 2
Economic Development Manager 1, 2
Economic Development Specialist 1, 2
Executive Assistant to the City Manager 4
Finance Supervisor/Risk Manager 4
General Accounting Manager 4
PACKET PAGE: 15
AGENDA ITEM 3A.3
DESIGNATED POSITIONS’
TITLE OR FUNCTION
DISCLOSURE CATEGORIES
ASSIGNED
App. A- 3- BBK – September 2014
24438.00000\9313718.1
LAW OFFICES OF
BEST BEST & KRIEGER
GIS Graphics Technician 5
Human Resources Coordinator 5
Information Planner 2, 3, 5, 6
Landscape and Irrigation Leadworker 3, 5, 6
Management Analyst 1, 2
Planning Director 1, 2
Planning Technician 6
Police Chief 5, 6
Police Commander 5, 6
Public Works Director 1,2
Public Works Supervisor – Parks 5
Public Works Supervisor - Streets 3, 5
Senior Facilities Inspector 5
Senior Planner 1, 2
Special District Administrator 1, 2
Streets & Parks Superintendent 3, 5
Water Utilities Superintendent 3, 5
Water Utilities Supervisor 3, 5
PACKET PAGE: 16
AGENDA ITEM 3A.3
DESIGNATED POSITIONS’
TITLE OR FUNCTION
DISCLOSURE CATEGORIES
ASSIGNED
App. A- 4- BBK – September 2014
24438.00000\9313718.1
LAW OFFICES OF
BEST BEST & KRIEGER
MEMBERS OF BOARDS,
COMMITTEES & COMMISSIONS
Community Preservation Committee 1, 2
Oversight Board to the Successor Agency 1, 2
Successor Agency 1, 2
Consultants and New Positions2
2 Individuals providing services as a Consultant defined in Regulation 18701, or in a new position
created since this Code was last approved that makes or participates in making decisions shall
disclose pursuant to the broadest disclosure category in this Code subject to the following
limitation:
The City Manager may determine that, due to the range of duties or contractual obligations, it is
more appropriate to assign a limited disclosure requirement. A clear explanation of the duties
and a statement of the extent of the disclosure requirements must be in a written document.
(Gov. Code Sec. 82019; FPPC Regulations 18219 and 18734.). The City Manager’s
determination is a public record and shall be retained for public inspection in the same manner
and location as this Conflict of Interest Code. (Gov. Code Sec. 81008.)
PACKET PAGE: 17
AGENDA ITEM 3A.3
App. B- 1- BBK – September 2014
24438.00000\9313718.1
LAW OFFICES OF
BEST BEST & KRIEGER
PART “B”
DISCLOSURE CATEGORIES
The disclosure categories listed below identify the types of economic
interests that the designated position must disclose for each disclosure category to
which he or she is assigned.3 Such economic interests are reportable if they are either
located in or doing business in the jurisdiction, are planning to do business in the
jurisdiction, or have done business during the previous two years in the jurisdiction of
the City.
Category 1: All investments and business positions in business entities,
and sources of income, including gifts, loans and travel payments, from business
entities that are located in, do business in, or own real property within the jurisdiction of
the City.
Category 2: All interests in real property which is located in whole or in
part within, or not more than two (2) miles outside, the jurisdiction of the City.
Category 3: All investments and business positions in business entities,
and sources of income, including gifts, loans and travel payments, from business
entities that are engaged in land development, construction or the acquisition or sale of
real property within the jurisdiction of the City.
Category 4: All investments and business positions in business entities,
and sources of income, including gifts, loans and travel payments, from business
entities that provide services, products, materials, machinery, vehicles or equipment of
a type purchased or leased by the City.
Category 5: All investments and business positions in business entities,
and sources of income, including gifts, loans and travel payments, from business
entities that provide services, products, materials, machinery, vehicles or equipment of
a type purchased or leased by the Designated Position’s Department, Unit or Division.
Category 6: All investments and business positions in business entities,
and sources of income, including gifts, loans and travel payments, from business
entities subject to the regulatory, permit, or licensing authority of the Designated
position’s department, unit or division.
3 This Conflict of Interest Code does not require the reporting of gifts from outside this agency’s
jurisdiction if the source does not have some connection with or bearing upon the functions or
duties of the position. (Reg. 18730.1)
PACKET PAGE: 18
AGENDA ITEM 3A.3
LAW OFFICES OF
BEST BEST & KRIEGER LLP
BBK – September 2014
24438.00000\9313718.2
CONFLICT OF INTEREST CODE
FOR THE
CITY OF SAN JACINTO
PACKET PAGE: 19
AGENDA ITEM 3A.3
LAW OFFICES OF
BEST BEST & KRIEGER LLP
-1- BBK – September 2014
24438.00000\9313718.2
CONFLICT OF INTEREST CODE FOR THE
CITY OF SAN JACINTO
(Adopted October 7, 2014)
The Political Reform Act (Gov. Code § 81000, et seq.) requires state and
local government agencies to adopt and promulgate conflict of interest codes. The Fair
Political Practices Commission has adopted a regulation (2 Cal. Code of Regs. §
18730) that contains the terms of a standard conflict of interest code, which can be
incorporated by reference in an agency’s code. After public notice and hearing, Section
18730 may be amended by the Fair Political Practices Commission to conform to
amendments in the Political Reform Act. Therefore, the terms of 2 California Code of
Regulations section 18730 and any amendments to it duly adopted by the Fair Political
Practices Commission are hereby incorporated by reference. This incorporation page,
Regulation 18730 and the attached Appendix designating positions and establishing
disclosure categories, shall constitute the conflict of interest code of the City of San
Jacinto (the “City”).
All officials and designated positions required to submit a statement of
economic interests shall file their statements with the City Clerk as the City’s Filing
Officer. The City Clerk shall make and retain a copy of all statements filed by the
Mayor, Members of the City Council and Planning Commission, the City Manager, the
City Attorney and the City Treasurer, and forward the originals of such statements to the
Fair Political Practices Commission. The City Clerk shall retain the originals of the
statements filed by all other officials and designated positions and make all statements
available for public inspection and reproduction during regular business hours. (Gov.
Code § 81008.)
PACKET PAGE: 20
AGENDA ITEM 3A.3
App. A- 1- BBK – September 2014
24438.00000\9313718.2
LAW OFFICES OF
BEST BEST & KRIEGER
APPENDIX
CONFLICT OF INTEREST CODE
OF THE
CITY OF SAN JACINTO
(Amended October 7, 2014)
PART “A”
The Mayor, Members of the City Council and Planning Commission, the
City Manager, the City Attorney, the City Treasurer, and all other City Officials who
manage public investments as defined by 2 Cal. Code of Regs. § 18701(b), are NOT
subject to the City’s Code but must file disclosure statements under Government Code
section 87200 et seq. [Regs. § 18730(b)(3)]
OFFICIALS WHO MANAGE PUBLIC INVESTMENTS
It has been determined that the positions listed below are Other City
Officials who manage public investments1. These positions are listed here for
informational purposes only.
Finance Director
Financial Consultants
1 Individuals holding one of the above-listed positions may contact the Fair Political Practices
Commission for assistance or written advice regarding their filing obligations if they believe that
their position has been categorized incorrectly. The Fair Political Practices Commission makes
the final determination whether a position is covered by § 87200.
PACKET PAGE: 21
AGENDA ITEM 3A.3
App. A- 2- BBK – September 2014
24438.00000\9313718.2
LAW OFFICES OF
BEST BEST & KRIEGER
DESIGNATED POSITIONS
GOVERNED BY THE CONFLICT OF INTEREST CODE
DESIGNATED POSITIONS’
TITLE OR FUNCTION
DISCLOSURE CATEGORIES
ASSIGNED
Assistant City Manager 1, 2
Assistant Planner 2, 3, 5
Building Inspector (ALL) 2, 5, 6
Building Official 2, 5, 6
City Attorney (Not filing under Gov Code 87200) 1, 2
City Clerk 5
City Engineer 2, 3, 5, 6
Code Enforcement Manager 2, 5, 6
Code Enforcement Officer (ALL) 2, 5, 6
Community Development Assistant 6
Community Development Director 1, 2
Development Director 1, 2
Economic Development Manager 1, 2
Economic Development Specialist 1, 2
Executive Assistant to the City Manager 4
Finance Supervisor/Risk Manager 4
General Accounting Manager 4
PACKET PAGE: 22
AGENDA ITEM 3A.3
DESIGNATED POSITIONS’
TITLE OR FUNCTION
DISCLOSURE CATEGORIES
ASSIGNED
App. A- 3- BBK – September 2014
24438.00000\9313718.2
LAW OFFICES OF
BEST BEST & KRIEGER
GIS Graphics Technician 5
Human Resources Coordinator 5
Information Planner 2, 3, 5, 6
Landscape and Irrigation Leadworker 3, 5, 6
Management Analyst 1, 2
Planning Director 1, 2
Planning Technician 6
Police Chief 5, 6
Police Commander 5, 6
Public Works Director 1,2
Public Works Supervisor – Parks 5
Public Works Supervisor - Streets 3, 5
Senior Facilities Inspector 5
Senior Planner 1, 2
Special District Administrator 1, 2
Streets & Parks Superintendent 3, 5
Water Utilities Superintendent 3, 5
Water Utilities Supervisor 3, 5
PACKET PAGE: 23
AGENDA ITEM 3A.3
DESIGNATED POSITIONS’
TITLE OR FUNCTION
DISCLOSURE CATEGORIES
ASSIGNED
App. A- 4- BBK – September 2014
24438.00000\9313718.2
LAW OFFICES OF
BEST BEST & KRIEGER
MEMBERS OF BOARDS,
COMMITTEES & COMMISSIONS
Community Preservation Committee 1, 2
Oversight Board to the Successor Agency 1, 2
Successor Agency 1, 2
Consultants and New Positions2
2 Individuals providing services as a Consultant defined in Regulation 18701, or in a new position
created since this Code was last approved that makes or participates in making decisions shall
disclose pursuant to the broadest disclosure category in this Code subject to the following
limitation:
The City Manager may determine that, due to the range of duties or contractual obligations, it is
more appropriate to assign a limited disclosure requirement. A clear explanation of the duties
and a statement of the extent of the disclosure requirements must be in a written document.
(Gov. Code Sec. 82019; FPPC Regulations 18219 and 18734.). The City Manager’s
determination is a public record and shall be retained for public inspection in the same manner
and location as this Conflict of Interest Code. (Gov. Code Sec. 81008.)
PACKET PAGE: 24
AGENDA ITEM 3A.3
App. B- 1- BBK – September 2014
24438.00000\9313718.2
LAW OFFICES OF
BEST BEST & KRIEGER
PART “B”
DISCLOSURE CATEGORIES
The disclosure categories listed below identify the types of economic
interests that the designated position must disclose for each disclosure category to
which he or she is assigned.3 Such economic interests are reportable if they are either
located in or doing business in the jurisdiction, are planning to do business in the
jurisdiction, or have done business during the previous two years in the jurisdiction of
the City.
Category 1: All investments and business positions in business entities,
and sources of income, including gifts, loans and travel payments, from business
entities that are located in, do business in, or own real property within the jurisdiction of
the City.
Category 2: All interests in real property which is located in whole or in
part within, or not more than two (2) miles outside, the jurisdiction of the City.
Category 3: All investments and business positions in business entities,
and sources of income, including gifts, loans and travel payments, from business
entities that are engaged in land development, construction or the acquisition or sale of
real property within the jurisdiction of the City.
Category 4: All investments and business positions in business entities,
and sources of income, including gifts, loans and travel payments, from business
entities that provide services, products, materials, machinery, vehicles or equipment of
a type purchased or leased by the City.
Category 5: All investments and business positions in business entities,
and sources of income, including gifts, loans and travel payments, from business
entities that provide services, products, materials, machinery, vehicles or equipment of
a type purchased or leased by the Designated Position’s Department, Unit or Division.
Category 6: All investments and business positions in business entities,
and sources of income, including gifts, loans and travel payments, from business
entities subject to the regulatory, permit, or licensing authority of the Designated
position’s department, unit or division.
3 This Conflict of Interest Code does not require the reporting of gifts from outside this agency’s
jurisdiction if the source does not have some connection with or bearing upon the functions or
duties of the position. (Reg. 18730.1)
PACKET PAGE: 25
AGENDA ITEM 3A.3
October 7, 2014
TO: The Honorable Mayor and Members of the City Council
FROM: Rick Miller, City Clerk
SUBJECT: Minutes of September 16, 2014 - Regular Meeting
RECOMMENDATION:
Staff recommends that the City Council, by motion, approve the minutes of the Regular
Meeting held September 16, 2014.
ATTACHMENTS
· Draft Minutes of the September 16, 2014 – Regular Meeting
PACKET PAGE: 27
AGENDA ITEM 3A.4
ACTION MINUTES
JOINT REGULAR MEETING
OF THE SAN JACINTO CITY COUNCIL AND THE SUCCESSOR AGENCY TO
THE CITY OF SAN JACINTO REDEVELOPMENT AGENCY
September 16, 2014
6:30 p.m.
625 S. Pico Ave
San Jacinto Community Center, San Jacinto, CA 92583
1. ORGANIZATION
1.1 Call to Order
Mayor Alonso Ledezma called the Regular Meeting of the San Jacinto
City Council and the successor agency to the City of San Jacinto
Redevelopment Agency to order at 6:30 p.m.
1.2 Roll Call
Present: Bartel, Kotyuk, Miller, Ruiz, Ledezma
Absent: None
1.3 Invocation
Assistant City Manager Mike Emberton gave the invocation
1.4 Pledge of Allegiance
City Engineer Habib Motlagh led the Pledge of Allegiance
1.5 Special Presentations
1.5.1 Presentation from EMWD - New Water Regulations
Kevin Pearson of EMWD gave the presentation
1.6 MAYOR / COUNCIL MEMBER REPORTS / DISCUSSIONS
Council Members gave their reports.
2. PUBLIC COMMENTS:
Public Speakers:
· Reynardo Navarro
· Joanna Rollins
PACKET PAGE: 29
AGENDA ITEM 3A.4
Action Minutes
September 16, 2014
____________________________________________________________________________________Page 2 of 5
· Andrew Vallejos
3. JOINT CONSENT CALENDARS
3A CONSENT CALENDAR
3A.1 Continuance of the Proclamation of the Local State of
Emergency due to the Severe Winter Storms that
began on April 29, 2014 / Approve / City Clerk
3A.2 Waiver of Full Reading of Ordinance(s), and Reading
by Title Only / Approve / City Clerk, City Attorney
3A.3 Warrants and Disbursements - August 2014 / Approve /
Finance Director
3A.4 Minutes of August 19, 2014 - Regular Meeting /
Approve / City Clerk
3A.5 Budget Adjustment - Water Fund - Lake Park Well
Emergency VFD Replacement / Approve / Water
Supervisor
3A.6 Resolution of Initiation for LLPD No. 2 Annexation No.
89 and Annual Assessments for FY 2015-2016 /
Approve / Finance Director
3A.7 Treasurer's Report at July 31, 2014 / Approve / City
Treasurer
3A.8 Proposed Resolution of Intent to annex property
known as Kirby Village into LLPD No. 2 as Annexation
No. 89 and to levy and collect Annual Assessments
within Annexation No. 89 for FY 2015-2016 / Approve /
Finance Director
3A.9 2014 Residential Slurry Seal & Downtown Pavement
Rehabilitation Project / Approve / City Engineer
M/S/C (Bartel/Ruiz) moved to approve the Consent Calendar with the addition to
Item 3A.5 with direction to staff to research cost of installing a
lightning rod at the well sites. Motion carried 5/0.
Ayes: Bartel, Kotyuk, Miller, Ruiz, Ledezma
Nays: None
Absent: None
Abstain: Kotyuk from 3A.4 line items 109621, 109703, 109853 and
109890.
PACKET PAGE: 30
AGENDA ITEM 3A.4
Action Minutes
September 16, 2014
____________________________________________________________________________________Page 3 of 5
4. PUBLIC HEARING
None
5. STAFF REPORTS
5.1 Request City Council Authorization to Submit a Two-Year
Community Development Block Grant Application to the Riverside
County Economic Development Agency for Program Years 2015-16
and 2016-17
Development Director Sharon Paisley presented the staff report.
M/S/C (Bartel/Ruiz) moved to approve Item 5.1 as presented. Motion carried 5/0.
Ayes: Bartel, Kotyuk, Miller, Ruiz, Ledezma
Nays: None
Absent: None
Abstain: None
Mayor Alonso Ledezma recessed the Regular Meeting of the City Council and
adjourned the meeting at 7:04 p.m. and reconvened in Closed Session for the City
Council at 7:05 p.m.
6. CLOSED SESSION
6.1 CLOSED SESSION - CITY COUNCIL
6.1.1 CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION
(Paragraph (1) of subdivision (d) of Section 54956.9)
Name of Case: City of San Jacinto v. Ocean Springs LLC;
Riverside County Superior Court Case No. 10010048
No Reportable Action
6.1.2 CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
(Subdivision (a) paragraph (1) of subdivision (d) of Section
54956.9)
Name of case: TMH Enterprises v. City of San Jacinto, Case
No. RIC 1117023
The City Attorney reported out that a settlement had been reached
in the case: TMH v. City of San Jacinto, along the following terms.
The City Council voted 5-0 to settle the case. City to pay plaintiffs
$225,000 in exchange for a full settlement of the lawsuit and
release of claims by plaintiffs and conveyance by plaintiffs to the
City of four (4) parcels of real property as identified in the
settlement agreement.
PACKET PAGE: 31
AGENDA ITEM 3A.4
Action Minutes
September 16, 2014
____________________________________________________________________________________Page 4 of 5
6.1.3 CONFERENCE WITH LABOR NEGOTIATORS
Agency Negotiators: Tim Hults, City Manager & Roger
Crawford, Deputy City Attorney
Represented Parties: San Jacinto Management Association &
Service Employees International Union, Local 721
No Reportable Action
6.2 CLOSED SESSION - SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF SAN JACINTO
NONE
7. ADJOURNMENT
With no further business before the City Council, Mayor Alonso Ledezma
adjourned the Regular Meeting of the City Council at 7:35p.m.
City of San Jacinto
______________________
Alonso Ledezma, Mayor
ATTEST:
___________________
Richard Miller, City Clerk
PACKET PAGE: 32
AGENDA ITEM 3A.4
Action Minutes
September 16, 2014
____________________________________________________________________________________Page 5 of 5
Approved as read: ________
Approved as amended: ____
PACKET PAGE: 33
AGENDA ITEM 3A.4
October 7, 2014
TO: The Honorable Mayor and Members of the City Council
FROM: Kaleena Richards, City Treasurer
SUBJECT: Treasurer’s Report at August 31, 2014
RECOMMENDATION:
Receive and File Treasurer’s Report for August 31, 2014.
BACKGROUND:
The Treasurer’s Report is required to be presented to the governing body at least quarterly in
accordance with California Government Code Section 53600 et. seq.
DISCUSSION:
Total Cash and City Investments decreased 2.26% during the month. This includes cash, cash
in bank and cash with trustee.
The attached Treasurer’s report is a “snapshot” report of our cash position on the last day of
the month in all of our accounts. A section demonstrating compliance with the adopted
Investment Policy, a schedule of CDs, and a chart depicting historical interest rates for certain
positions is also included. Detailed statements of investments from Chandler Asset
Management and BLX Group have also been included.
Also attached is a “Memorandum” from BLX Group regarding the downgrade of Dell bonds
held as investments. Please read this document, as it explains an exception to the adopted
Investment Policy. Although this is an exception currently, it was in compliance with our Policy
when purchased. The downgrade does affect the investment’s market value, so if the
investment were to be sold today, it would be sold at a significant loss.
FISCAL IMPACT:
None.
ATTACHMENTS:
Treasurer’s Report for the month ending August 31, 2014.
PACKET PAGE: 35
AGENDA ITEM 3A.5
PACKET PAGE: 37AGENDA ITEM 3A.5
PACKET PAGE: 38AGENDA ITEM 3A.5
-
0.500
1.000
1.500
2.000
9/1110/1111/1112/111/122/123/124/125/126/127/128/129/1210/1211/1212/121/132/133/134/135/136/137/138/139/1310/1311/1312/131/142/143/144/145/146/147/148/14Interest Rates - 8/11 to 7/14
LAIF
CAMP
LAMMA-BoH
MMA-Rabo
PIMMA-
RaboPACKET PAGE: 39AGENDA ITEM 3A.5
Monthly Account Statement
+(314)-418-3441
Linda Brimm
US Bank
CustodianChandler Team
For questions about your account,
please call (800) 317-4747 or
Email operations@chandlerasset.com
City of San Jacinto
August 1, 2014 through August 31, 2014
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your
qualified custodian. Prices are provided by IDC, an independent pricing source.
6225 Lusk Boulevard | San Diego, CA 92121 | Phone 800.317.4747 | Fax 858.546.3741 | www.chandlerasset.comPACKET PAGE: 40AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 1
Cont/WD -946
Income Earned 6,101 6,238
Cost Value 10,161,305 10,171,905
Book Value 10,061,893 10,067,426
Par 9,975,118 9,985,722
Market Value 10,066,879 10,081,758
Total Market Value 10,102,015 10,116,653
Accrued Interest 35,136 34,896
ACCOUNT SUMMARY
Beg. Values
as of 7/31/14
End Values
as of 8/31/14
74.4 %
Oracle Corp 2.0 %
Berkshire Hathaway 2.0 %
Honda ABS 2.0 %
Federal Farm Credit Bank 9.8 %
Federal Home Loan Mortgage Corp 12.2 %
Federal Home Loan Bank 12.8 %
Federal National Mortgage Assoc 14.9 %
Government of United States 18.7 %
TOP ISSUERS
Issuer % Portfolio
Average S&P/Moody Rating AA+/Aa1
Average Market YTM 0.62 %
Average Life 1.80 yrs
Average Final Maturity 1.88 yrs
Average Purchase YTM 0.75 %
Average Duration 1.77
Average Coupon 1.36 %
PORTFOLIO CHARACTERISTICS
CREDIT QUALITY (S&P)MATURITY DISTRIBUTIONSECTOR ALLOCATION
1-3 Year Govt/A Rated or better Corporate 0.17 %0.06 %0.61 %1.00 %N/A N/A N/A 0.82 %1.79 %
1-3 yr Treasury 0.17 %0.04 %0.50 %0.79 %N/A N/A N/A 0.55 %1.18 %
City of San Jacinto 0.15 %0.00 %0.60 %1.03 %N/A N/A N/A 0.65 %1.42 %
PERFORMANCE REVIEW
Total Rate of Return Current Latest Year Annualized Since
As of 8/31/2014 Month 3 Months To Date 1 Yr 3 Yrs 5 Yrs 10 Yrs 6/30/2012 6/30/2012
Portfolio Summary
As of 8/31/2014
City of San Jacinto
Account #10167
PACKET PAGE: 41AGENDA ITEM 3A.5
Category Standard CommentLocal Agency Bonds No Limitation; BBB rated equivalent by a NRSROCompliesTreasury Issues No Limitation CompliesAgency Issues No Limitation CompliesBanker’s Acceptances 40% maximum; <180 days maturity; A-1 rated equivalent by at least two NRSROsComplies Commercial Paper 25% maximum; <270 days maturity; A-1 rated equivalent by at least two NRSROsCompliesNegotiable Certificates of Deposit 30% maximum; A rated equivalent by at least two NRSROsComplies Medium Term Notes 30% maximum; A rated equivalent by at least two NRSROsCompliesMoney Market Mutual Funds 20% maximum; AAA rated by at least two NRSROsCompliesMortgage Pass-throughs, CMOs and Asset Backed Securities20% maximum; AA-rated issue; A-rated issuerComplies Local Agency Investment Fund - L.A.I.F. Currently not used by investment adviser CompliesProhibited Securities Inverse floaters; Ranges notes, Interest-only strips from mortgaged backed securities; Zero interest accrual securitiesCompliesIssuer Maximum 5% per issuer for all non-government issuersCompliesMaximum maturity 5 years Complies City of San JacintoAugust 31, 2014COMPLIANCE WITH INVESTMENT POLICY Assets managed by Chandler Asset Management are in full compliance with State law and with the City's investment policy.PACKET PAGE: 42
AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 3
- Other Dispositions $0.00
- Maturites $0.00
- Calls $0.00
- MMF Withdrawals $946.17
+/- Realized Gain/Loss $0.00
- Security Transfers $0.00
+/- Net Accretion ($5,070.96)
($5,070.96)
Gain/Loss on Dispositions
- Principal Paydowns $9,565.24
Total Dispositions $10,511.41
Amortization/Accretion
+ Security Purchases $0.00
+ Money Market Fund Purchases $21,115.00
+ Money Market Contributions $0.00
- Security Withdrawals $0.00
$0.00
Acquisition
Dispositions
- Security Sales $0.00
- Money Market Fund Sales $0.00
+ Security Contributions $0.00
+ Security Transfers $0.00
Total Acquisitions $21,115.00
Ending Book Value $10,067,425.92
BOOK VALUE RECONCILIATION
Beginning Book Value $10,061,893.29
Interest from Calls/Redemption $0.00
Principal Paydown $9,565.24
Accrued Interest Paid $0.00
Calls/Redemption (Principal)$0.00
Withdrawals $946.17
Security Purchase $0.00
Total Acquisitions $21,115.00
Disposition
Principal on Maturities $0.00
Acquisition
Contributions $0.00
Interest on Maturities $0.00
Total Dispositions $946.17
Interest Received $11,549.65
Dividend Received $0.11
Security Sale Proceeds $0.00
Accrued Interest Received $0.00
Ending Book Value $33,555.45
CASH TRANSACTION SUMMARY
BEGINNING BALANCE $13,386.62
Reconciliation Summary
As of 8/31/2014
City of San Jacinto California
Account #10167
PACKET PAGE: 43AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 4
3133ECFV1 FFCB Note
0.43% Due 1/29/2016
225,000.00 02/21/2013
0.45 %
224,896.50
224,950.23
100.11
0.35 %
225,239.85
86.00
2.23 %
289.62
Aaa / AA+
AAA
1.41
1.41
3133XXP43 FHLB Note
3.125% Due 3/11/2016
270,000.00 06/14/2012
0.79 %
293,180.04
279,458.81
104.01
0.49 %
280,834.56
3,984.38
2.82 %
1,375.75
Aaa / AA+
AAA
1.53
1.48
3135G0BA0 FNMA Note
2.375% Due 4/11/2016
265,000.00 06/24/2014
0.44 %
274,147.80
273,224.63
103.11
0.44 %
273,240.18
2,447.57
2.73 %
15.55
Aaa / AA+
AAA
1.61
1.57
31331J2S1 FFCB Note
1.5% Due 11/16/2015
290,000.00 06/25/2012
0.57 %
299,065.40
293,229.27
101.48
0.27 %
294,298.09
1,268.75
2.92 %
1,068.82
Aaa / AA+
AAA
1.21
1.20
313371NW2 FHLB Note
1.375% Due 12/11/2015
225,000.00 11/16/2012
0.39 %
231,723.00
227,804.76
101.39
0.28 %
228,132.00
687.50
2.26 %
327.24
Aaa / AA+
AAA
1.28
1.27
31331VGU4 FFCB Note
4.875% Due 12/16/2015
250,000.00 06/12/2012
0.65 %
286,602.00
263,457.88
105.84
0.34 %
264,602.50
2,539.06
2.64 %
1,144.62
Aaa / AA+
AAA
1.29
1.26
3137EADC0 FHLMC Note
1% Due 3/8/2017
220,000.00 08/20/2012
0.86 %
221,392.60
220,770.96
100.34
0.86 %
220,743.82
1,057.22
2.19 %
(27.14)
Aaa / AA+
AAA
2.52
2.47
3135G0JA2 FNMA Note
1.125% Due 4/27/2017
235,000.00 03/14/2014
0.85 %
236,999.85
236,704.36
100.55
0.91 %
236,296.50
910.63
2.34 %
(407.86)
Aaa / AA+
AAA
2.66
2.60
3137EACT4 FHLMC Note
2.5% Due 5/27/2016
180,000.00 07/12/2012
0.61 %
193,012.20
185,834.32
103.45
0.50 %
186,214.68
1,175.00
1.85 %
380.36
Aaa / AA+
AAA
1.74
1.70
3137EACW7 FHLMC Note
2% Due 8/25/2016
190,000.00 06/14/2012
0.82 %
199,262.31
194,377.23
102.74
0.61 %
195,197.07
63.33
1.93 %
819.84
Aaa / AA+
AAA
1.99
1.95
3135G0GY3 FNMA Note
1.25% Due 1/30/2017
295,000.00 02/05/2014
0.72 %
299,587.25
298,715.29
101.07
0.80 %
298,142.93
317.53
2.95 %
(572.36)
Aaa / AA+
AAA
2.42
2.38
313370JB5 FHLB Note
1.75% Due 9/11/2015
275,000.00 01/11/2013
0.38 %
284,933.00
278,848.01
101.53
0.26 %
279,196.50
2,272.57
2.78 %
348.49
Aaa / AA+
AAA
1.03
1.01
3135G0KM4 FNMA Note
0.5% Due 5/27/2015
200,000.00 06/12/2012
0.53 %
199,828.00
199,957.24
100.26
0.15 %
200,518.20
261.11
1.98 %
560.96
Aaa / AA+
AAA
0.74
0.74
3133EADW5 FFCB Note
0.55% Due 8/17/2015
200,000.00 06/21/2013
0.48 %
200,310.00
200,138.57
100.34
0.20 %
200,672.00
42.78
1.98 %
533.43
Aaa / AA+
AAA
0.96
0.96
AGENCY
43814CAC3 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
121,000.00 12/17/2013
0.50 %
120,971.64
120,981.61
100.03
0.43 %
121,035.45
16.13
1.20 %
53.84
NR / AAA
AAA
2.23
0.59
47787RAC4 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
121,166.46 01/09/2014
0.50 %
121,204.31
121,194.77
100.03
0.47 %
121,202.81
28.54
1.20 %
8.04
Aaa / NR
AAA
1.87
0.46
161571FL3 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
125,000.00 04/25/2014
0.51 %
125,219.73
125,197.08
100.11
0.47 %
125,143.25
32.78
1.24 %
(53.83)
NR / AAA
AAA
2.96
0.94
43814GAC4 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
85,000.00 05/13/2014
0.78 %
84,989.78
84,990.74
99.98
0.71 %
84,985.13
23.63
0.84 %
(5.61)
Aaa / AAA
NR
3.55
1.73
Total ABS 452,166.46 0.56 %
452,385.46
452,364.20 0.50 %
452,366.64
101.08
4.47 %
2.44
Aaa / AAA
Aaa
2.58
0.87
ABS
Holdings Report
As of 8/31/14
City of San Jacinto
Account #10167
CUSIP Security Description Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
PACKET PAGE: 44AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 5
191216AX8 Coca Cola Company Note
0.75% Due 3/13/2015
125,000.00 06/18/2012
0.63 %
125,421.25
125,081.71
100.24
0.30 %
125,296.88
437.50
1.24 %
215.17
Aa3 / AA
A+
0.53
0.53
713448BX5 Pepsico Inc. Note
0.75% Due 3/5/2015
125,000.00 06/05/2012
0.83 %
124,732.50
124,950.51
100.25
0.26 %
125,309.88
458.33
1.24 %
359.37
A1 / A-
A
0.51
0.51
94974BET3 Wells Fargo Corp Note
3.75% Due 10/1/2014
120,000.00 06/26/2012
1.27 %
126,600.00
120,240.29
100.27
0.55 %
120,319.20
1,875.00
1.21 %
78.91
A2 / A+
AA-
0.08
0.08
40428HPG1 HSBC USA Inc Note
2.375% Due 2/13/2015
125,000.00 06/26/2012
1.90 %
126,497.50
125,257.65
100.91
0.34 %
126,142.25
148.44
1.25 %
884.60
A2 / A+
AA-
0.45
0.45
US CORPORATE
31846V203 First American Govt Obligation Fund 33,555.45 Various
0.00 %
33,555.45
33,555.45
1.00
0.00 %
33,555.45
0.00
0.33 %
0.00
Aaa / AAA
NR
0.00
0.00
Total Money Market Fund FI 33,555.45 N/A
33,555.45
33,555.45 0.00 %
33,555.45
0.00
0.33 %
0.00
Aaa / AAA
NR
0.00
0.00
MONEY MARKET FUND FI
06538CKM2 Bank of Tokyo Mitsubishi NY Discount
CP
0.21% Due 10/21/2014
200,000.00 06/16/2014
0.21 %
199,853.00
199,941.67
99.97
0.21 %
199,941.67
0.00
1.98 %
0.00
P-1 / A-1
F-1
0.14
0.14
Total Commercial Paper 200,000.00 0.21 %
199,853.00
199,941.67 0.21 %
199,941.67
0.00
1.98 %
0.00
P-1 / A-1
F-1
0.14
0.14
COMMERCIAL PAPER
3135G0MZ3 FNMA Note
0.875% Due 8/28/2017
325,000.00 05/06/2013
0.73 %
326,956.50
326,357.37
99.51
1.04 %
323,394.50
23.70
3.20 %
(2,962.87)
Aaa / AA+
AAA
2.99
2.95
3137EADL0 FHLMC Note
1% Due 9/29/2017
200,000.00 11/14/2013
1.06 %
199,540.00
199,634.34
99.70
1.10 %
199,404.00
844.44
1.98 %
(230.34)
Aaa / AA+
AAA
3.08
3.01
313379DD8 FHLB Note
1% Due 6/21/2017
260,000.00 06/09/2014
0.93 %
260,566.80
260,524.30
100.05
0.98 %
260,142.48
505.56
2.58 %
(381.82)
Aaa / AA+
AAA
2.81
2.76
3137EADJ5 FHLMC Note
1% Due 7/28/2017
220,000.00 09/25/2013
1.17 %
218,563.40
218,911.26
99.95
1.02 %
219,881.64
201.67
2.18 %
970.38
Aaa / AA+
AAA
2.91
2.86
3135G0PQ0 FNMA Note
0.875% Due 10/26/2017
175,000.00 05/19/2014
1.05 %
173,962.25
174,048.25
99.19
1.14 %
173,582.85
531.68
1.72 %
(465.40)
Aaa / AA+
AAA
3.16
3.09
313378A43 FHLB Note
1.375% Due 3/9/2018
235,000.00 06/21/2013
1.54 %
233,211.65
233,662.38
100.24
1.31 %
235,563.30
1,543.82
2.34 %
1,900.92
Aaa / AA+
AAA
3.52
3.41
3137EADN6 FHLMC Note
0.75% Due 1/12/2018
210,000.00 07/28/2014
1.30 %
206,123.40
206,227.76
98.21
1.30 %
206,240.37
214.38
2.04 %
12.61
Aaa / AA+
AAA
3.37
3.30
Total Agency 4,945,000.00 0.76 %
5,063,863.95
4,996,837.22 0.68 %
5,001,538.02
20,978.68
49.65 %
4,700.80
Aaa / AA+
Aaa
2.09
2.05
AGENCY
Holdings Report
As of 8/31/14
City of San Jacinto
Account #10167
CUSIP Security Description Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
PACKET PAGE: 45AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 6
912828TD2 US Treasury Note
0.25% Due 7/15/2015
200,000.00 10/15/2013
0.31 %
199,781.92
199,891.13
100.13
0.10 %
200,265.60
65.22
1.98 %
374.47
Aaa / AA+
AAA
0.87
0.87
912828UG3 US Treasury Note
0.375% Due 1/15/2016
200,000.00 01/22/2014
0.42 %
199,836.61
199,886.62
100.16
0.26 %
200,320.40
97.83
1.98 %
433.78
Aaa / AA+
AAA
1.38
1.37
912828NV8 US Treasury Note
1.25% Due 8/31/2015
195,000.00 06/06/2012
0.38 %
200,454.56
196,682.59
101.13
0.12 %
197,193.75
6.73
1.95 %
511.16
Aaa / AA+
AAA
1.00
1.00
912828PE4 US Treasury Note
1.25% Due 10/31/2015
195,000.00 06/07/2012
0.46 %
200,203.19
196,783.35
101.24
0.19 %
197,414.69
821.33
1.96 %
631.34
Aaa / AA+
AAA
1.17
1.16
912828QA1 US Treasury Note
2.25% Due 3/31/2016
195,000.00 12/14/2012
0.38 %
206,868.23
200,706.64
103.00
0.35 %
200,850.00
1,846.11
2.00 %
143.36
Aaa / AA+
AAA
1.58
1.55
US TREASURY
48126EAA5 JP Morgan Note
2% Due 8/15/2017
125,000.00 05/06/2013
1.35 %
128,341.25
127,312.51
101.50
1.48 %
126,871.75
111.11
1.26 %
(440.76)
A3 / A
A+
2.96
2.86
68389XAN5 Oracle Corp Note
1.2% Due 10/15/2017
200,000.00 08/13/2013
1.78 %
195,402.00
196,553.77
99.64
1.32 %
199,277.00
906.67
1.98 %
2,723.23
A1 / A+
A+
3.13
3.04
36962G4T8 General Electric Capital Corp Note
2.25% Due 11/9/2015
185,000.00 01/14/2014
0.48 %
190,903.35
188,876.03
102.00
0.56 %
188,692.42
1,295.00
1.88 %
(183.61)
A1 / AA+
NR
1.19
1.17
459200GU9 IBM Corp Note
2% Due 1/5/2016
120,000.00 06/05/2012
0.98 %
124,288.80
121,612.40
102.05
0.47 %
122,456.52
373.33
1.21 %
844.12
Aa3 / AA-
A+
1.35
1.33
037833AH3 Apple Inc Note
0.45% Due 5/3/2016
200,000.00 05/22/2013
0.54 %
199,466.00
199,695.85
99.84
0.55 %
199,681.60
295.00
1.98 %
(14.25)
Aa1 / AA+
NR
1.67
1.66
69371RK62 Paccar Financial Corp Note
1.05% Due 6/5/2015
150,000.00 01/10/2014
0.43 %
151,294.50
150,708.65
100.54
0.33 %
150,817.05
376.25
1.49 %
108.40
A1 / A+
NR
0.76
0.76
594918AG9 Microsoft Note
1.625% Due 9/25/2015
125,000.00 06/27/2012
0.65 %
128,893.75
126,280.36
101.38
0.33 %
126,721.75
880.21
1.26 %
441.39
Aaa / AAA
AA+
1.07
1.05
278642AB9 Ebay Inc Note
1.625% Due 10/15/2015
125,000.00 06/12/2012
0.91 %
127,943.75
125,989.31
101.34
0.43 %
126,670.25
767.36
1.26 %
680.94
A2 / A
A
1.12
1.11
742718DV8 Procter & Gamble Co Note
1.45% Due 8/15/2016
190,000.00 11/14/2012
0.71 %
195,156.60
192,697.30
101.49
0.68 %
192,824.16
122.44
1.91 %
126.86
Aa3 / AA-
NR
1.96
1.93
91159HHD5 US Bancorp Callable Note Cont
4/15/2017
1.65% Due 5/15/2017
125,000.00 05/19/2014
1.06 %
127,113.75
126,910.16
101.29
1.15 %
126,608.50
607.29
1.26 %
(301.66)
A1 / A+
AA-
2.71
2.55
674599CB9 Occidental Petroleum Note
1.75% Due 2/15/2017
120,000.00 01/11/2013
1.11 %
123,064.80
121,845.87
101.54
1.11 %
121,852.44
93.33
1.21 %
6.57
A1 / A
A
2.46
2.40
02665WAB7 American Honda Finance Note
1.125% Due 10/7/2016
125,000.00 03/05/2014
0.78 %
126,100.00
125,895.65
100.59
0.84 %
125,733.75
562.50
1.25 %
(161.90)
A1 / A+
NR
2.10
2.06
084670BD9 Berkshire Hathaway Note
1.9% Due 1/31/2017
200,000.00 08/13/2013
1.39 %
203,422.00
202,390.53
102.18
0.98 %
204,369.20
327.22
2.02 %
1,978.67
Aa2 / AA
A+
2.42
2.36
Total US Corporate 2,485,000.00 0.98 %
2,524,641.80
2,502,298.55 0.70 %
2,509,644.60
9,636.98
24.90 %
7,346.05
A1 / AA-
A+
1.63
1.59
US CORPORATE
Holdings Report
As of 8/31/14
City of San Jacinto
Account #10167
CUSIP Security Description Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
PACKET PAGE: 46AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 7
912828RF9 US Treasury Note
1% Due 8/31/2016
215,000.00 10/12/2012
0.48 %
219,283.92
217,208.52
100.96
0.52 %
217,065.94
5.94
2.15 %
(142.58)
Aaa / AA+
AAA
2.00
1.98
912828RM4 US Treasury Note
1% Due 10/31/2016
250,000.00 03/14/2014
0.60 %
252,627.79
252,167.45
100.84
0.61 %
252,109.50
842.39
2.50 %
(57.95)
Aaa / AA+
AAA
2.17
2.13
912828SY7 US Treasury Note
0.625% Due 5/31/2017
210,000.00 07/25/2013
0.96 %
207,318.28
208,085.58
99.35
0.86 %
208,638.36
333.50
2.07 %
552.78
Aaa / AA+
AAA
2.75
2.71
912828SC5 US Treasury Note
0.875% Due 1/31/2017
210,000.00 02/26/2014
0.67 %
211,231.17
211,016.95
100.41
0.71 %
210,853.02
159.78
2.09 %
(163.93)
Aaa / AA+
AAA
2.42
2.39
Total US Treasury 1,870,000.00 0.52 %
1,897,605.67
1,882,428.83 0.42 %
1,884,711.26
4,178.83
18.67 %
2,282.43
Aaa / AA+
Aaa
1.73
1.71
US TREASURY
TOTAL PORTFOLIO 9,985,721.91 0.75 %
10,171,905.33
10,067,425.92 0.62 %
10,081,757.64
34,895.57
100.00 %
14,331.72
Aa1 / AA+
Aaa
1.88
1.77
TOTAL MARKET VALUE PLUS ACCRUED 10,116,653.21
Holdings Report
As of 8/31/14
City of San Jacinto
Account #10167
CUSIP Security Description Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
PACKET PAGE: 47AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 8
Security
Withdrawal
08/25/2014 31846V203 104.17 First American Govt Obligation Fund 1.000 104.17 0.00 104.17 0.00
Security
Withdrawal
08/05/2014 31846V203 842.00 First American Govt Obligation Fund 1.000 842.00 0.00 842.00 0.00
Subtotal 946.17 946.17 0.00 946.17 0.00
Paydown 08/27/2014 47787RAC4 9,565.24 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
100.000 9,565.24 57.74 9,622.98 0.00
Paydown 08/21/2014 43814CAC3 0.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
100.000 0.00 48.40 48.40 0.00
Paydown 08/18/2014 43814GAC4 0.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
100.000 0.00 54.54 54.54 0.00
Paydown 08/15/2014 161571FL3 0.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
100.000 0.00 61.46 61.46 0.00
Subtotal 9,565.24 9,565.24 222.14 9,787.38 0.00
TOTAL DISPOSITIONS 10,511.41 10,511.41 222.14 10,733.55 0.00
DISPOSITIONS
Purchase 08/17/2014 31846V203 550.00 First American Govt Obligation Fund 1.000 550.00 0.00 550.00 0.00
Purchase 08/18/2014 31846V203 54.54 First American Govt Obligation Fund 1.000 54.54 0.00 54.54 0.00
Purchase 08/21/2014 31846V203 48.40 First American Govt Obligation Fund 1.000 48.40 0.00 48.40 0.00
Purchase 08/15/2014 31846V203 61.46 First American Govt Obligation Fund 1.000 61.46 0.00 61.46 0.00
Purchase 08/01/2014 31846V203 0.11 First American Govt Obligation Fund 1.000 0.11 0.00 0.11 0.00
Purchase 08/13/2014 31846V203 1,484.38 First American Govt Obligation Fund 1.000 1,484.38 0.00 1,484.38 0.00
Purchase 08/15/2014 31846V203 3,677.50 First American Govt Obligation Fund 1.000 3,677.50 0.00 3,677.50 0.00
Purchase 08/25/2014 31846V203 1,900.00 First American Govt Obligation Fund 1.000 1,900.00 0.00 1,900.00 0.00
Purchase 08/31/2014 31846V203 2,293.75 First American Govt Obligation Fund 1.000 2,293.75 0.00 2,293.75 0.00
Purchase 08/28/2014 31846V203 1,421.88 First American Govt Obligation Fund 1.000 1,421.88 0.00 1,421.88 0.00
Purchase 08/27/2014 31846V203 9,622.98 First American Govt Obligation Fund 1.000 9,622.98 0.00 9,622.98 0.00
Subtotal 21,115.00 21,115.00 0.00 21,115.00 0.00
TOTAL ACQUISITIONS 21,115.00 21,115.00 0.00 21,115.00 0.00
ACQUISITIONS
Transaction Ledger
7/31/14 Thru 8/31/14
City of San Jacinto
Account #10167
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price
Acq/Disp
Yield Amount
Interest
Pur/Sold Total Amount Gain/Loss
PACKET PAGE: 48AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 9
Dividend 08/01/2014 31846V203 13,386.62 First American Govt Obligation Fund 0.000 0.11 0.00 0.11 0.00
Subtotal 13,386.62 0.11 0.00 0.11 0.00
Interest 08/25/2014 3137EACW7 190,000.00 FHLMC Note
2% Due 8/25/2016
0.000 1,900.00 0.00 1,900.00 0.00
Interest 08/31/2014 912828NV8 195,000.00 US Treasury Note
1.25% Due 8/31/2015
0.000 1,218.75 0.00 1,218.75 0.00
Interest 08/28/2014 3135G0MZ3 325,000.00 FNMA Note
0.875% Due 8/28/2017
0.000 1,421.88 0.00 1,421.88 0.00
Interest 08/31/2014 912828RF9 215,000.00 US Treasury Note
1% Due 8/31/2016
0.000 1,075.00 0.00 1,075.00 0.00
Interest 08/17/2014 3133EADW5 200,000.00 FFCB Note
0.55% Due 8/17/2015
0.000 550.00 0.00 550.00 0.00
Interest 08/15/2014 48126EAA5 125,000.00 JP Morgan Note
2% Due 8/15/2017
0.000 1,250.00 0.00 1,250.00 0.00
Interest 08/13/2014 40428HPG1 125,000.00 HSBC USA Inc Note
2.375% Due 2/13/2015
0.000 1,484.38 0.00 1,484.38 0.00
Interest 08/15/2014 742718DV8 190,000.00 Procter & Gamble Co Note
1.45% Due 8/15/2016
0.000 1,377.50 0.00 1,377.50 0.00
Interest 08/15/2014 674599CB9 120,000.00 Occidental Petroleum Note
1.75% Due 2/15/2017
0.000 1,050.00 0.00 1,050.00 0.00
Subtotal 1,685,000.00 11,327.51 0.00 11,327.51 0.00
TOTAL OTHER TRANSACTIONS 1,698,386.62 11,327.62 0.00 11,327.62 0.00
OTHER TRANSACTIONS
Transaction Ledger
7/31/14 Thru 8/31/14
City of San Jacinto
Account #10167
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price
Acq/Disp
Yield Amount
Interest
Pur/Sold Total Amount Gain/Loss
PACKET PAGE: 49AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 10
313371NW2 FHLB
Note
1.375% Due 12/11/2015
11/16/2012
11/19/2012
225,000.00
227,991.34
0.00
0.00
227,804.76
429.69
0.00
687.50
257.81
0.00
186.58
(186.58)
71.23
0.00
71.23
313370JB5 FHLB
Note
1.75% Due 09/11/2015
01/11/2013
01/16/2013
275,000.00
279,166.11
0.00
0.00
278,848.01
1,871.53
0.00
2,272.57
401.04
0.00
318.10
(318.10)
82.94
0.00
82.94
31331VGU4 FFCB
Note
4.875% Due 12/16/2015
06/12/2012
06/13/2012
250,000.00
264,343.64
0.00
0.00
263,457.88
1,523.44
0.00
2,539.06
1,015.62
0.00
885.76
(885.76)
129.86
0.00
129.86
31331J2S1 FFCB
Note
1.5% Due 11/16/2015
06/25/2012
06/26/2012
290,000.00
293,456.28
0.00
0.00
293,229.27
906.25
0.00
1,268.75
362.50
0.00
227.01
(227.01)
135.49
0.00
135.49
278642AB9 Ebay Inc
Note
1.625% Due 10/15/2015
06/12/2012
06/15/2012
125,000.00
126,064.30
0.00
0.00
125,989.31
598.09
0.00
767.36
169.27
0.00
74.99
(74.99)
94.28
0.00
94.28
191216AX8 Coca Cola Company
Note
0.75% Due 03/13/2015
06/18/2012
06/21/2012
125,000.00
125,094.83
0.00
0.00
125,081.71
359.38
0.00
437.50
78.12
0.00
13.12
(13.12)
65.00
0.00
65.00
161571FL3 Chase CHAIT
Pool #2012-A5
0.59% Due 08/15/2017
04/25/2014
04/30/2014
125,000.00
125,202.74
0.00
0.00
125,197.08
32.78
61.46
32.78
61.46
0.00
5.66
(5.66)
55.80
0.00
55.80
084670BD9 Berkshire Hathaway
Note
1.9% Due 01/31/2017
08/13/2013
08/16/2013
200,000.00
202,474.45
0.00
0.00
202,390.53
10.56
0.00
327.22
316.66
0.00
83.92
(83.92)
232.74
0.00
232.74
037833AH3 Apple Inc
Note
0.45% Due 05/03/2016
05/22/2013
05/28/2013
200,000.00
199,680.40
0.00
0.00
199,695.85
220.00
0.00
295.00
75.00
15.45
0.00
15.45
90.45
0.00
90.45
02665WAB7 American Honda Finance
Note
1.125% Due 10/07/2016
03/05/2014
03/10/2014
125,000.00
125,931.85
0.00
0.00
125,895.65
445.31
0.00
562.50
117.19
0.00
36.20
(36.20)
80.99
0.00
80.99
Fixed Income
Income Earned
7/31/14 Thru 8/31/14
City of San Jacinto
Account #10167
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Unreal G/L
Total Income
PACKET PAGE: 50AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 11
3135G0PQ0 FNMA
Note
0.875% Due 10/26/2017
05/19/2014
05/20/2014
175,000.00
174,022.61
0.00
0.00
174,048.25
404.08
0.00
531.68
127.60
25.64
0.00
25.64
153.24
0.00
153.24
3135G0MZ3 FNMA
Note
0.875% Due 08/28/2017
05/06/2013
05/07/2013
325,000.00
326,395.90
0.00
0.00
326,357.37
1,208.59
1,421.88
23.70
236.99
0.00
38.53
(38.53)
198.46
0.00
198.46
3135G0KM4 FNMA
Note
0.5% Due 05/27/2015
06/12/2012
06/13/2012
200,000.00
199,952.29
0.00
0.00
199,957.24
177.78
0.00
261.11
83.33
4.95
0.00
4.95
88.28
0.00
88.28
3135G0JA2 FNMA
Note
1.125% Due 04/27/2017
03/14/2014
03/17/2014
235,000.00
236,758.88
0.00
0.00
236,704.36
690.31
0.00
910.63
220.32
0.00
54.52
(54.52)
165.80
0.00
165.80
3135G0GY3 FNMA
Note
1.25% Due 01/30/2017
02/05/2014
02/06/2014
295,000.00
298,845.88
0.00
0.00
298,715.29
10.24
0.00
317.53
307.29
0.00
130.59
(130.59)
176.70
0.00
176.70
3135G0BA0 FNMA
Note
2.375% Due 04/11/2016
06/24/2014
06/27/2014
265,000.00
273,658.24
0.00
0.00
273,224.63
1,923.09
0.00
2,447.57
524.48
0.00
433.61
(433.61)
90.87
0.00
90.87
3133XXP43 FHLB
Note
3.125% Due 03/11/2016
06/14/2012
06/15/2012
270,000.00
279,985.25
0.00
0.00
279,458.81
3,281.25
0.00
3,984.38
703.13
0.00
526.44
(526.44)
176.69
0.00
176.69
3133ECFV1 FFCB
Note
0.43% Due 01/29/2016
02/21/2013
02/22/2013
225,000.00
224,947.24
0.00
0.00
224,950.23
5.38
0.00
86.00
80.62
2.99
0.00
2.99
83.61
0.00
83.61
3133EADW5 FFCB
Note
0.55% Due 08/17/2015
06/21/2013
06/25/2013
200,000.00
200,150.84
0.00
0.00
200,138.57
501.11
550.00
42.78
91.67
0.00
12.27
(12.27)
79.40
0.00
79.40
313379DD8 FHLB
Note
1% Due 06/21/2017
06/09/2014
06/10/2014
260,000.00
260,540.18
0.00
0.00
260,524.30
288.89
0.00
505.56
216.67
0.00
15.88
(15.88)
200.79
0.00
200.79
313378A43 FHLB
Note
1.375% Due 03/09/2018
06/21/2013
06/25/2013
235,000.00
233,630.11
0.00
0.00
233,662.38
1,274.55
0.00
1,543.82
269.27
32.27
0.00
32.27
301.54
0.00
301.54
Income Earned
7/31/14 Thru 8/31/14
City of San Jacinto
Account #10167
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Unreal G/L
Total Income
PACKET PAGE: 51AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 12
459200GU9 IBM Corp
Note
2% Due 01/05/2016
06/05/2012
06/08/2012
120,000.00
121,714.21
0.00
0.00
121,612.40
173.33
0.00
373.33
200.00
0.00
101.81
(101.81)
98.19
0.00
98.19
43814GAC4 Honda Auto Receivables
2014-2 A3
0.77% Due 03/19/2018
05/13/2014
05/21/2014
85,000.00
84,990.45
0.00
0.00
84,990.74
23.63
54.54
23.63
54.54
0.29
0.00
0.29
54.83
0.00
54.83
43814CAC3 Honda Auto Receivables
2013-1 A3
0.48% Due 11/21/2016
12/17/2013
12/20/2013
121,000.00
120,980.40
0.00
0.00
120,981.61
16.13
48.40
16.13
48.40
1.21
0.00
1.21
49.61
0.00
49.61
40428HPG1 HSBC USA Inc
Note
2.375% Due 02/13/2015
06/26/2012
06/29/2012
125,000.00
125,306.06
0.00
0.00
125,257.65
1,385.42
1,484.38
148.44
247.40
0.00
48.41
(48.41)
198.99
0.00
198.99
36962G4T8 General Electric Capital Corp
Note
2.25% Due 11/09/2015
01/14/2014
01/17/2014
185,000.00
189,152.89
0.00
0.00
188,876.03
948.13
0.00
1,295.00
346.87
0.00
276.86
(276.86)
70.01
0.00
70.01
3137EADN6 FHLMC
Note
0.75% Due 01/12/2018
07/28/2014
07/29/2014
210,000.00
206,132.61
0.00
0.00
206,227.76
83.13
0.00
214.38
131.25
95.15
0.00
95.15
226.40
0.00
226.40
3137EADL0 FHLMC
Note
1% Due 09/29/2017
11/14/2013
11/15/2013
200,000.00
199,624.26
0.00
0.00
199,634.34
677.78
0.00
844.44
166.66
10.08
0.00
10.08
176.74
0.00
176.74
3137EADJ5 FHLMC
Note
1% Due 07/28/2017
09/25/2013
09/27/2013
220,000.00
218,879.45
0.00
0.00
218,911.26
18.33
0.00
201.67
183.34
31.81
0.00
31.81
215.15
0.00
215.15
3137EADC0 FHLMC
Note
1% Due 03/08/2017
08/20/2012
08/21/2012
220,000.00
220,796.97
0.00
0.00
220,770.96
873.89
0.00
1,057.22
183.33
0.00
26.01
(26.01)
157.32
0.00
157.32
3137EACW7 FHLMC
Note
2% Due 08/25/2016
06/14/2012
06/15/2012
190,000.00
194,564.65
0.00
0.00
194,377.23
1,646.67
1,900.00
63.33
316.66
0.00
187.42
(187.42)
129.24
0.00
129.24
3137EACT4 FHLMC
Note
2.5% Due 05/27/2016
07/12/2012
07/13/2012
180,000.00
186,119.60
0.00
0.00
185,834.32
800.00
0.00
1,175.00
375.00
0.00
285.28
(285.28)
89.72
0.00
89.72
Income Earned
7/31/14 Thru 8/31/14
City of San Jacinto
Account #10167
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Unreal G/L
Total Income
PACKET PAGE: 52AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 13
912828PE4 US Treasury
Note
1.25% Due 10/31/2015
06/07/2012
06/08/2012
195,000.00
196,913.43
0.00
0.00
196,783.35
616.00
0.00
821.33
205.33
0.00
130.08
(130.08)
75.25
0.00
75.25
912828NV8 US Treasury
Note
1.25% Due 08/31/2015
06/06/2012
06/07/2012
195,000.00
196,825.89
0.00
0.00
196,682.59
1,020.04
1,218.75
6.73
205.44
0.00
143.30
(143.30)
62.14
0.00
62.14
91159HHD5 US Bancorp
Callable Note Cont 4/15/2017
1.65% Due 05/15/2017
05/19/2014
05/22/2014
125,000.00
126,972.03
0.00
0.00
126,910.16
435.42
0.00
607.29
171.87
0.00
61.87
(61.87)
110.00
0.00
110.00
742718DV8 Procter & Gamble Co
Note
1.45% Due 08/15/2016
11/14/2012
11/19/2012
190,000.00
192,814.41
0.00
0.00
192,697.30
1,270.36
1,377.50
122.44
229.58
0.00
117.11
(117.11)
112.47
0.00
112.47
713448BX5 Pepsico Inc.
Note
0.75% Due 03/05/2015
06/05/2012
06/08/2012
125,000.00
124,942.22
0.00
0.00
124,950.51
380.21
0.00
458.33
78.12
8.29
0.00
8.29
86.41
0.00
86.41
69371RK62 Paccar Financial Corp
Note
1.05% Due 06/05/2015
01/10/2014
01/15/2014
150,000.00
150,787.96
0.00
0.00
150,708.65
245.00
0.00
376.25
131.25
0.00
79.31
(79.31)
51.94
0.00
51.94
68389XAN5 Oracle Corp
Note
1.2% Due 10/15/2017
08/13/2013
08/16/2013
200,000.00
196,460.05
0.00
0.00
196,553.77
706.67
0.00
906.67
200.00
93.72
0.00
93.72
293.72
0.00
293.72
674599CB9 Occidental Petroleum
Note
1.75% Due 02/15/2017
01/11/2013
01/16/2013
120,000.00
121,909.59
0.00
0.00
121,845.87
968.33
1,050.00
93.33
175.00
0.00
63.72
(63.72)
111.28
0.00
111.28
594918AG9 Microsoft
Note
1.625% Due 09/25/2015
06/27/2012
06/29/2012
125,000.00
126,382.40
0.00
0.00
126,280.36
710.94
0.00
880.21
169.27
0.00
102.04
(102.04)
67.23
0.00
67.23
48126EAA5 JP Morgan
Note
2% Due 08/15/2017
05/06/2013
05/09/2013
125,000.00
127,378.95
0.00
0.00
127,312.51
1,152.78
1,250.00
111.11
208.33
0.00
66.44
(66.44)
141.89
0.00
141.89
47787RAC4 John Deere Owner Trust
2012-B A3
0.53% Due 07/15/2016
01/09/2014
01/14/2014
121,166.46
130,763.64
0.00
9,565.24
121,194.77
30.79
57.74
28.54
55.49
0.00
3.63
(3.63)
51.86
0.00
51.86
Income Earned
7/31/14 Thru 8/31/14
City of San Jacinto
Account #10167
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Unreal G/L
Total Income
PACKET PAGE: 53AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 14
06538CKM2 Bank of Tokyo Mitsubishi NY
Discount CP
0.21% Due 10/21/2014
06/16/2014
06/17/2014
200,000.00
199,905.50
0.00
0.00
199,941.67
0.00
0.00
0.00
0.00
36.17
0.00
36.17
36.17
0.00
36.17
Cash & Equivalent
94974BET3 Wells Fargo Corp
Note
3.75% Due 10/01/2014
06/26/2012
06/29/2012
120,000.00
120,488.59
0.00
0.00
120,240.29
1,500.00
0.00
1,875.00
375.00
0.00
248.30
(248.30)
126.70
0.00
126.70
912828UG3 US Treasury
Note
0.375% Due 01/15/2016
01/22/2014
01/23/2014
200,000.00
199,879.61
0.00
0.00
199,886.62
34.65
0.00
97.83
63.18
7.01
0.00
7.01
70.19
0.00
70.19
912828TD2 US Treasury
Note
0.25% Due 07/15/2015
10/15/2013
10/18/2013
200,000.00
199,880.49
0.00
0.00
199,891.13
23.10
0.00
65.22
42.12
10.64
0.00
10.64
52.76
0.00
52.76
912828SY7 US Treasury
Note
0.625% Due 05/31/2017
07/25/2013
07/26/2013
210,000.00
208,026.41
0.00
0.00
208,085.58
222.34
0.00
333.50
111.16
59.17
0.00
59.17
170.33
0.00
170.33
912828SC5 US Treasury
Note
0.875% Due 01/31/2017
02/26/2014
02/27/2014
210,000.00
211,052.66
0.00
0.00
211,016.95
4.99
0.00
159.78
154.79
0.00
35.71
(35.71)
119.08
0.00
119.08
912828RM4 US Treasury
Note
1% Due 10/31/2016
03/14/2014
03/17/2014
250,000.00
252,252.39
0.00
0.00
252,167.45
631.79
0.00
842.39
210.60
0.00
84.94
(84.94)
125.66
0.00
125.66
912828RF9 US Treasury
Note
1% Due 08/31/2016
10/12/2012
10/15/2012
215,000.00
217,302.30
0.00
0.00
217,208.52
899.73
1,075.00
5.94
181.21
0.00
93.78
(93.78)
87.43
0.00
87.43
912828QA1 US Treasury
Note
2.25% Due 03/31/2016
12/14/2012
12/17/2012
195,000.00
201,013.24
0.00
0.00
200,706.64
1,474.49
0.00
1,846.11
371.62
0.00
306.60
(306.60)
65.02
0.00
65.02
TOTAL Fixed Income 9,752,166.46
9,848,601.17
0.00
9,565.24
9,833,928.80
35,136.37
11,549.65
34,895.57
11,308.85
398.67
5,505.80
(5,107.13)
6,201.72
0.00
6,201.72
Income Earned
7/31/14 Thru 8/31/14
City of San Jacinto
Account #10167
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Unreal G/L
Total Income
PACKET PAGE: 54AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 15
31846V203 First American
Govt Obligation Fund Various
Various
33,555.45
13,386.62
21,115.00
946.17
33,555.45
0.00
0.11
0.00
0.11
0.00
0.00
0.00
0.11
0.00
0.11
TOTAL Cash & Equivalent 233,555.45
213,292.12
21,115.00
946.17
233,497.12
0.00
0.11
0.00
0.11
36.17
0.00
36.17
36.28
0.00
36.28
TOTAL PORTFOLIO 9,985,721.91
10,061,893.29
21,115.00
10,511.41
10,067,425.92
35,136.37
11,549.76
34,895.57
11,308.96
434.84
5,505.80
(5,070.96)
6,238.00
0.00
6,238.00
Income Earned
7/31/14 Thru 8/31/14
City of San Jacinto
Account #10167
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Unreal G/L
Total Income
PACKET PAGE: 55AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 16
10/15/2014 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
10/11/2014 Interest 3135G0BA0 265,000.00 FNMA Note
2.375% Due 4/11/2016
0.00 3,146.88 3,146.88
10/15/2014 Interest 278642AB9 125,000.00 Ebay Inc Note
1.625% Due 10/15/2015
0.00 1,015.63 1,015.63
10/15/2014 Interest 68389XAN5 200,000.00 Oracle Corp Note
1.2% Due 10/15/2017
0.00 1,200.00 1,200.00
10/01/2014 Maturity 94974BET3 120,000.00 Wells Fargo Corp Note
3.75% Due 10/1/2014
120,000.00 2,250.00 122,250.00
10/07/2014 Interest 02665WAB7 125,000.00 American Honda Finance Note
1.125% Due 10/7/2016
0.00 703.13 703.13
Oct 2014 336,504.66 13,082.72 349,587.38
09/13/2014 Interest 191216AX8 125,000.00 Coca Cola Company Note
0.75% Due 3/13/2015
0.00 468.75 468.75
09/11/2014 Interest 3133XXP43 270,000.00 FHLB Note
3.125% Due 3/11/2016
0.00 4,218.75 4,218.75
09/11/2014 Interest 313370JB5 275,000.00 FHLB Note
1.75% Due 9/11/2015
0.00 2,406.25 2,406.25
09/05/2014 Interest 713448BX5 125,000.00 Pepsico Inc. Note
0.75% Due 3/5/2015
0.00 468.75 468.75
09/08/2014 Interest 3137EADC0 220,000.00 FHLMC Note
1% Due 3/8/2017
0.00 1,100.00 1,100.00
09/09/2014 Interest 313378A43 235,000.00 FHLB Note
1.375% Due 3/9/2018
0.00 1,615.63 1,615.63
09/15/2014 Paydown 47787RAC4 121,166.46 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
7,395.42 53.52 7,448.94
09/25/2014 Interest 594918AG9 125,000.00 Microsoft Note
1.625% Due 9/25/2015
0.00 1,015.63 1,015.63
09/29/2014 Interest 3137EADL0 200,000.00 FHLMC Note
1% Due 9/29/2017
0.00 1,000.00 1,000.00
09/30/2014 Interest 912828QA1 195,000.00 US Treasury Note
2.25% Due 3/31/2016
0.00 2,193.75 2,193.75
09/15/2014 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
09/18/2014 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
09/21/2014 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
9,568.56 48.40 9,616.96
Sep 2014 16,963.98 14,705.43 31,669.41
Cash Flow Report
From 08/31/2014
City of San Jacinto
Account #10167
Payment Date
Transaction
Type CUSIP Quantity Security Description Principal Amount Income Total Amount
PACKET PAGE: 56AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 17
11/21/2014 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
9,034.96 40.85 9,075.81
11/18/2014 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
11/16/2014 Interest 31331J2S1 290,000.00 FFCB Note
1.5% Due 11/16/2015
0.00 2,175.00 2,175.00
11/30/2014 Interest 912828SY7 210,000.00 US Treasury Note
0.625% Due 5/31/2017
0.00 656.25 656.25
11/27/2014 Interest 3137EACT4 180,000.00 FHLMC Note
2.5% Due 5/27/2016
0.00 2,250.00 2,250.00
11/27/2014 Interest 3135G0KM4 200,000.00 FNMA Note
0.5% Due 5/27/2015
0.00 500.00 500.00
11/15/2014 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
11/09/2014 Interest 36962G4T8 185,000.00 General Electric Capital Corp Note
2.25% Due 11/9/2015
0.00 2,081.25 2,081.25
11/03/2014 Interest 037833AH3 200,000.00 Apple Inc Note
0.45% Due 5/3/2016
0.00 450.00 450.00
11/15/2014 Paydown 47787RAC4 121,166.46 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
7,010.11 47.07 7,057.18
11/15/2014 Interest 91159HHD5 125,000.00 US Bancorp Callable Note Cont 4/15/2017
1.65% Due 5/15/2017
0.00 1,031.25 1,031.25
Nov 2014 16,045.07 9,347.67 25,392.74
10/21/2014 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
9,301.84 44.57 9,346.41
10/21/2014 Maturity 06538CKM2 200,000.00 Bank of Tokyo Mitsubishi NY Discount CP
0.21% Due 10/21/2014
200,000.00 0.00 200,000.00
10/15/2014 Paydown 47787RAC4 121,166.46 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
7,202.82 50.25 7,253.07
10/18/2014 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
10/26/2014 Interest 3135G0PQ0 175,000.00 FNMA Note
0.875% Due 10/26/2017
0.00 765.63 765.63
10/31/2014 Interest 912828RM4 250,000.00 US Treasury Note
1% Due 10/31/2016
0.00 1,250.00 1,250.00
10/31/2014 Interest 912828PE4 195,000.00 US Treasury Note
1.25% Due 10/31/2015
0.00 1,218.75 1,218.75
10/27/2014 Interest 3135G0JA2 235,000.00 FNMA Note
1.125% Due 4/27/2017
0.00 1,321.88 1,321.88
Oct 2014 336,504.66 13,082.72 349,587.38
Cash Flow Report
From 08/31/2014
City of San Jacinto
Account #10167
Payment Date
Transaction
Type CUSIP Quantity Security Description Principal Amount Income Total Amount
PACKET PAGE: 57AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 18
01/29/2015 Interest 3133ECFV1 225,000.00 FFCB Note
0.43% Due 1/29/2016
0.00 483.75 483.75
01/28/2015 Interest 3137EADJ5 220,000.00 FHLMC Note
1% Due 7/28/2017
0.00 1,100.00 1,100.00
01/21/2015 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
8,500.71 33.73 8,534.44
01/30/2015 Interest 3135G0GY3 295,000.00 FNMA Note
1.25% Due 1/30/2017
0.00 1,843.75 1,843.75
01/18/2015 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
01/15/2015 Interest 912828TD2 200,000.00 US Treasury Note
0.25% Due 7/15/2015
0.00 250.00 250.00
01/12/2015 Interest 3137EADN6 210,000.00 FHLMC Note
0.75% Due 1/12/2018
0.00 787.50 787.50
01/05/2015 Interest 459200GU9 120,000.00 IBM Corp Note
2% Due 1/5/2016
0.00 1,200.00 1,200.00
01/15/2015 Paydown 47787RAC4 121,166.46 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
6,624.34 40.96 6,665.30
01/15/2015 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
01/15/2015 Interest 912828UG3 200,000.00 US Treasury Note
0.375% Due 1/15/2016
0.00 375.00 375.00
Jan 2015 15,125.05 9,049.44 24,174.49
12/15/2014 Paydown 47787RAC4 121,166.46 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
6,817.28 43.97 6,861.25
12/15/2014 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
12/05/2014 Interest 69371RK62 150,000.00 Paccar Financial Corp Note
1.05% Due 6/5/2015
0.00 787.50 787.50
12/11/2014 Interest 313371NW2 225,000.00 FHLB Note
1.375% Due 12/11/2015
0.00 1,546.88 1,546.88
12/16/2014 Interest 31331VGU4 250,000.00 FFCB Note
4.875% Due 12/16/2015
0.00 6,093.75 6,093.75
12/21/2014 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
8,767.92 37.24 8,805.16
12/21/2014 Interest 313379DD8 260,000.00 FHLB Note
1% Due 6/21/2017
0.00 1,300.00 1,300.00
12/18/2014 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
Dec 2014 15,585.20 9,925.34 25,510.54
Cash Flow Report
From 08/31/2014
City of San Jacinto
Account #10167
Payment Date
Transaction
Type CUSIP Quantity Security Description Principal Amount Income Total Amount
PACKET PAGE: 58AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 19
03/05/2015 Maturity 713448BX5 125,000.00 Pepsico Inc. Note
0.75% Due 3/5/2015
125,000.00 468.75 125,468.75
03/08/2015 Interest 3137EADC0 220,000.00 FHLMC Note
1% Due 3/8/2017
0.00 1,100.00 1,100.00
03/09/2015 Interest 313378A43 235,000.00 FHLB Note
1.375% Due 3/9/2018
0.00 1,615.63 1,615.63
Mar 2015 264,203.94 14,665.74 278,869.68
02/28/2015 Interest 3135G0MZ3 325,000.00 FNMA Note
0.875% Due 8/28/2017
0.00 1,421.88 1,421.88
02/28/2015 Interest 912828RF9 215,000.00 US Treasury Note
1% Due 8/31/2016
0.00 1,075.00 1,075.00
02/15/2015 Interest 742718DV8 190,000.00 Procter & Gamble Co Note
1.45% Due 8/15/2016
0.00 1,377.50 1,377.50
02/15/2015 Paydown 47787RAC4 121,166.46 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
6,431.29 38.03 6,469.32
02/15/2015 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
02/13/2015 Maturity 40428HPG1 125,000.00 HSBC USA Inc Note
2.375% Due 2/13/2015
125,000.00 1,484.38 126,484.38
02/15/2015 Interest 48126EAA5 125,000.00 JP Morgan Note
2% Due 8/15/2017
0.00 1,250.00 1,250.00
02/15/2015 Interest 674599CB9 120,000.00 Occidental Petroleum Note
1.75% Due 2/15/2017
0.00 1,050.00 1,050.00
02/25/2015 Interest 3137EACW7 190,000.00 FHLMC Note
2% Due 8/25/2016
0.00 1,900.00 1,900.00
02/28/2015 Interest 912828NV8 195,000.00 US Treasury Note
1.25% Due 8/31/2015
0.00 1,218.75 1,218.75
02/21/2015 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
8,233.35 30.33 8,263.68
02/18/2015 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
02/17/2015 Interest 3133EADW5 200,000.00 FFCB Note
0.55% Due 8/17/2015
0.00 550.00 550.00
Feb 2015 139,664.64 11,511.87 151,176.51
01/31/2015 Interest 084670BD9 200,000.00 Berkshire Hathaway Note
1.9% Due 1/31/2017
0.00 1,900.00 1,900.00
01/31/2015 Interest 912828SC5 210,000.00 US Treasury Note
0.875% Due 1/31/2017
0.00 918.75 918.75
Jan 2015 15,125.05 9,049.44 24,174.49
Cash Flow Report
From 08/31/2014
City of San Jacinto
Account #10167
Payment Date
Transaction
Type CUSIP Quantity Security Description Principal Amount Income Total Amount
PACKET PAGE: 59AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 20
04/18/2015 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
04/21/2015 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
7,698.13 23.85 7,721.98
04/15/2015 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
04/15/2015 Paydown 47787RAC4 121,166.46 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
6,044.84 32.44 6,077.28
04/26/2015 Interest 3135G0PQ0 175,000.00 FNMA Note
0.875% Due 10/26/2017
0.00 765.63 765.63
04/11/2015 Interest 3135G0BA0 265,000.00 FNMA Note
2.375% Due 4/11/2016
0.00 3,146.88 3,146.88
04/07/2015 Interest 02665WAB7 125,000.00 American Honda Finance Note
1.125% Due 10/7/2016
0.00 703.13 703.13
04/15/2015 Interest 68389XAN5 200,000.00 Oracle Corp Note
1.2% Due 10/15/2017
0.00 1,200.00 1,200.00
04/15/2015 Interest 278642AB9 125,000.00 Ebay Inc Note
1.625% Due 10/15/2015
0.00 1,015.63 1,015.63
Apr 2015 13,742.97 10,794.19 24,537.16
03/15/2015 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
03/15/2015 Paydown 47787RAC4 121,166.46 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
6,238.12 35.19 6,273.31
03/13/2015 Maturity 191216AX8 125,000.00 Coca Cola Company Note
0.75% Due 3/13/2015
125,000.00 468.75 125,468.75
03/11/2015 Interest 3133XXP43 270,000.00 FHLB Note
3.125% Due 3/11/2016
0.00 4,218.75 4,218.75
03/11/2015 Interest 313370JB5 275,000.00 FHLB Note
1.75% Due 9/11/2015
0.00 2,406.25 2,406.25
03/18/2015 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
03/29/2015 Interest 3137EADL0 200,000.00 FHLMC Note
1% Due 9/29/2017
0.00 1,000.00 1,000.00
03/31/2015 Interest 912828QA1 195,000.00 US Treasury Note
2.25% Due 3/31/2016
0.00 2,193.75 2,193.75
03/25/2015 Interest 594918AG9 125,000.00 Microsoft Note
1.625% Due 9/25/2015
0.00 1,015.63 1,015.63
03/21/2015 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
7,965.82 27.04 7,992.86
Mar 2015 264,203.94 14,665.74 278,869.68
Cash Flow Report
From 08/31/2014
City of San Jacinto
Account #10167
Payment Date
Transaction
Type CUSIP Quantity Security Description Principal Amount Income Total Amount
PACKET PAGE: 60AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 21
06/15/2015 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
06/11/2015 Interest 313371NW2 225,000.00 FHLB Note
1.375% Due 12/11/2015
0.00 1,546.88 1,546.88
06/15/2015 Paydown 47787RAC4 121,166.46 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
5,657.94 27.18 5,685.12
06/05/2015 Maturity 69371RK62 150,000.00 Paccar Financial Corp Note
1.05% Due 6/5/2015
150,000.00 787.50 150,787.50
Jun 2015 162,820.20 9,889.11 172,709.31
05/31/2015 Interest 912828SY7 210,000.00 US Treasury Note
0.625% Due 5/31/2017
0.00 656.25 656.25
05/15/2015 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
05/16/2015 Interest 31331J2S1 290,000.00 FFCB Note
1.5% Due 11/16/2015
0.00 2,175.00 2,175.00
05/15/2015 Paydown 47787RAC4 121,166.46 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
5,851.44 29.77 5,881.21
05/09/2015 Interest 36962G4T8 185,000.00 General Electric Capital Corp Note
2.25% Due 11/9/2015
0.00 2,081.25 2,081.25
05/03/2015 Interest 037833AH3 200,000.00 Apple Inc Note
0.45% Due 5/3/2016
0.00 450.00 450.00
05/27/2015 Maturity 3135G0KM4 200,000.00 FNMA Note
0.5% Due 5/27/2015
200,000.00 500.00 200,500.00
05/15/2015 Interest 91159HHD5 125,000.00 US Bancorp Callable Note Cont 4/15/2017
1.65% Due 5/15/2017
0.00 1,031.25 1,031.25
05/27/2015 Interest 3137EACT4 180,000.00 FHLMC Note
2.5% Due 5/27/2016
0.00 2,250.00 2,250.00
05/18/2015 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
05/21/2015 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
7,430.28 20.77 7,451.05
May 2015 213,281.72 9,310.29 222,592.01
04/30/2015 Interest 912828RM4 250,000.00 US Treasury Note
1% Due 10/31/2016
0.00 1,250.00 1,250.00
04/27/2015 Interest 3135G0JA2 235,000.00 FNMA Note
1.125% Due 4/27/2017
0.00 1,321.88 1,321.88
04/30/2015 Interest 912828PE4 195,000.00 US Treasury Note
1.25% Due 10/31/2015
0.00 1,218.75 1,218.75
Apr 2015 13,742.97 10,794.19 24,537.16
Cash Flow Report
From 08/31/2014
City of San Jacinto
Account #10167
Payment Date
Transaction
Type CUSIP Quantity Security Description Principal Amount Income Total Amount
PACKET PAGE: 61AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 22
08/15/2015 Interest 48126EAA5 125,000.00 JP Morgan Note
2% Due 8/15/2017
0.00 1,250.00 1,250.00
Aug 2015 411,866.89 9,993.58 421,860.47
07/30/2015 Interest 3135G0GY3 295,000.00 FNMA Note
1.25% Due 1/30/2017
0.00 1,843.75 1,843.75
07/31/2015 Interest 912828SC5 210,000.00 US Treasury Note
0.875% Due 1/31/2017
0.00 918.75 918.75
07/31/2015 Interest 084670BD9 200,000.00 Berkshire Hathaway Note
1.9% Due 1/31/2017
0.00 1,900.00 1,900.00
07/29/2015 Interest 3133ECFV1 225,000.00 FFCB Note
0.43% Due 1/29/2016
0.00 483.75 483.75
07/15/2015 Maturity 912828TD2 200,000.00 US Treasury Note
0.25% Due 7/15/2015
200,000.00 250.00 200,250.00
07/15/2015 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
0.00 61.46 61.46
07/15/2015 Interest 912828UG3 200,000.00 US Treasury Note
0.375% Due 1/15/2016
0.00 375.00 375.00
07/05/2015 Interest 459200GU9 120,000.00 IBM Corp Note
2% Due 1/5/2016
0.00 1,200.00 1,200.00
07/12/2015 Interest 3137EADN6 210,000.00 FHLMC Note
0.75% Due 1/12/2018
0.00 787.50 787.50
07/21/2015 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
6,894.09 14.93 6,909.02
07/28/2015 Interest 3137EADJ5 220,000.00 FHLMC Note
1% Due 7/28/2017
0.00 1,100.00 1,100.00
07/18/2015 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
07/15/2015 Paydown 47787RAC4 121,166.46 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
5,464.32 24.69 5,489.01
Jul 2015 212,358.41 9,014.37 221,372.78
06/18/2015 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
06/16/2015 Interest 31331VGU4 250,000.00 FFCB Note
4.875% Due 12/16/2015
0.00 6,093.75 6,093.75
06/21/2015 Interest 313379DD8 260,000.00 FHLB Note
1% Due 6/21/2017
0.00 1,300.00 1,300.00
06/21/2015 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
7,162.26 17.80 7,180.06
Jun 2015 162,820.20 9,889.11 172,709.31
Cash Flow Report
From 08/31/2014
City of San Jacinto
Account #10167
Payment Date
Transaction
Type CUSIP Quantity Security Description Principal Amount Income Total Amount
PACKET PAGE: 62AGENDA ITEM 3A.5
Execution Time: 9/3/2014 12:18:17 PMChandler Asset Management - CONFIDENTIAL Page 23
08/21/2015 Paydown 43814CAC3 121,000.00 Honda Auto Receivables 2013-1 A3
0.48% Due 11/21/2016
6,625.74 12.18 6,637.92
08/31/2015 Maturity 912828NV8 195,000.00 US Treasury Note
1.25% Due 8/31/2015
195,000.00 1,218.75 196,218.75
08/17/2015 Maturity 3133EADW5 200,000.00 FFCB Note
0.55% Due 8/17/2015
200,000.00 550.00 200,550.00
08/31/2015 Interest 912828RF9 215,000.00 US Treasury Note
1% Due 8/31/2016
0.00 1,075.00 1,075.00
08/28/2015 Interest 3135G0MZ3 325,000.00 FNMA Note
0.875% Due 8/28/2017
0.00 1,421.88 1,421.88
08/25/2015 Interest 3137EACW7 190,000.00 FHLMC Note
2% Due 8/25/2016
0.00 1,900.00 1,900.00
08/15/2015 Interest 674599CB9 120,000.00 Occidental Petroleum Note
1.75% Due 2/15/2017
0.00 1,050.00 1,050.00
08/18/2015 Paydown 43814GAC4 85,000.00 Honda Auto Receivables 2014-2 A3
0.77% Due 3/19/2018
0.00 54.54 54.54
08/15/2015 Interest 742718DV8 190,000.00 Procter & Gamble Co Note
1.45% Due 8/15/2016
0.00 1,377.50 1,377.50
08/15/2015 Paydown 161571FL3 125,000.00 Chase CHAIT Pool #2012-A5
0.59% Due 8/15/2017
4,970.56 61.46 5,032.02
08/15/2015 Paydown 47787RAC4 121,166.46 John Deere Owner Trust 2012-B A3
0.53% Due 7/15/2016
5,270.59 22.27 5,292.86
Aug 2015 411,866.89 9,993.58 421,860.47
Total 1,818,162.73 131,289.75 1,949,452.48
Cash Flow Report
From 08/31/2014
City of San Jacinto
Account #10167
Payment Date
Transaction
Type CUSIP Quantity Security Description Principal Amount Income Total Amount
PACKET PAGE: 63AGENDA ITEM 3A.5
City of San JacintoMthlPtfliR tMonthly Portfolio ReportAugust 31, 2014PACKET PAGE: 64
AGENDA ITEM 3A.5
CITY OFSANJACINTOMONTHLYPORTFOLIOREPORTAUGUST31 2014AUGUST31, 2014PORTFOLIOSUMMARYINFORMATIONSECTOR& CREDITQUALITYDISTRIBUTIONTotal Par Value9 892 414Total Par Value9,892,414Market Value 10,055,882.46Accrued Interest 36,477.02Total Market Value 10,092,359.48Amortized Book Value 10,046,205.86Net Unrealized Gain/Loss 9,676.60Effective Maturity183Sector (U.S.) MV w/o AccCash & Equivalents 244,414.24U.S. Treasuries 7,790,201.93Corporates 2,021,266.292.4%20.1%Effective Maturity1.83Effective Duration 1.80Average Coupon 1.634%Average Yield on Cost 0.620%Average Yield on Market 0.571%Average S&P Rating AACOUPONDISTRIBUTIONCoupon % MV w/o Acc Average Coupon0% - 1% 2,377,155.89 0.786%1% - 2% 3,303,896.06 1.255%2% 3%3 992 555 142296%77.5%Cash & EquivalentsU.S. TreasuriesCorporates2% - 3%3,992,555.142.296%3% - 4% 382,275.37 3.460%4% - 5%5% - 6%6% - 7%4,500S&P Quality MV w/o AccAAA 244,414.24AA 9,179,814.10A 380,716.62Below A 250,937.502.4%3.8%2.5%1,5002,0002,5003,0003,5004,0004,500$ (000)MV w/o Acc05001,0001,5000% ‐1%1% ‐2%2% ‐3%3% ‐4%4% ‐5%5% ‐6%6% ‐7%91.3%AAAAAABelow APACKET PAGE: 65
AGENDA ITEM 3A.5
CITY OFSANJACINTOMONTHLYPORTFOLIOREPORTAUGUST31 2014AUGUST31, 2014MATURITYDISTRIBUTIONMaturity (Yrs) MV w/o Acc0.00 - 0.49 370,351.860.50 - 0.99 511,116.751.00 - 1.49 1,845,163.091.50 - 1.99 2,811,029.982,0002,5003,000MV w/o Acc2.00 - 2.49 2,588,158.382.50 - 2.99 1,930,062.403.00 - 3.49 0.003.50 - 3.99 0.004.00 - 4.49 0.004.50 - 4.99 0.005001,0001,500$ (000)DURATION& YIELDDISTRIBUTION5.00+ 0.0000.00 ‐0.490.50 ‐0.991.00 ‐1.491.50 ‐1.992.00 ‐2.492.50 ‐2.993.00 ‐3.493.50 ‐3.994.00 ‐4.494.50 ‐4.995.00+Eff Dur % Held (MV) YTW Eff Dur0.00 - 0.49 3.683% 0.182% 0.100.50 - 0.99 5.083% 0.397% 0.801.00 - 1.49 22.945% 0.581% 1.31060%0.70%0.80%0.90%20 00%25.00%30.00%tage (%)% of Market Value (Left Axis)Portfolio Yield (Right Axis)1.50 - 1.99 28.077% 0.439% 1.772.00 - 2.49 26.007% 0.653% 2.262.50 - 2.99 14.205% 0.831% 2.613.00 - 3.493.50 - 3.994.00 - 4.490.10%0.20%0.30%0.40%0.50%0.60%5.00%10.00%15.00%20.00%Yield (%)Market Value Percent4.50 - 4.995.00+0.00%0.00%0.00 ‐0.490.50 ‐0.991.00 ‐1.491.50 ‐1.992.00 ‐2.492.50 ‐2.993.00 ‐3.493.50 ‐3.994.00 ‐4.494.50 ‐4.995.00+Effective Duration BucketPACKET PAGE: 66
AGENDA ITEM 3A.5
CITY OF SAN JACINTO MONTHLY PORTFOLIO REPORT
AUGUST 31, 2014
PORTFOLIO HOLDINGS
Purchase Original Yield Amortized Market Market Value Accrued Market Value Yield Gain/ Moody's S&P Effective Effective % Market
CUSIP Issuer Name Coupon Maturity Par Value Date Cost Value on Cost Book Value Price w/o Accrued Interest w/ Accrued on Market Loss Rating Rating Maturity Duration Value
Cash & Equivalents
FGVXX First American Government Obligations - Class Y 0.010% 09/01/14 244,414 244,414.24 0.010% 244,414.24 100.000 244,414.24 0.61 244,414.85 0.010% 0.00 Aaa AAA 0.00 0.00 2.43%
Total Cash & Equivalents 244,414 244,414.24 0.010% 244,414.24 244,414.24 0.61 244,414.85 0.010% 0.00 Aaa AAA 0.00 0.00 2.43%
U.S. TreasuryBonds
912828PS3 US Treasury Notes/Bonds 2.000% 01/31/16 450,000 05/02/13 471,199.22 0.272% 460,979.77 102.434 460,951.17 782.61 461,733.78 0.276% -28.60 Aaa AA+ 1.42 1.41 4.58%
912828QJ2 US Treasury Notes/Bonds 2.125% 02/29/16 450,000 06/04/13 470,847.66 0.419% 461,435.20 102.703 462,163.95 26.42 462,190.37 0.317% 728.75 Aaa AA+ 1.50 1.47 4.60%
912828QA1 US Treasury Notes/Bonds 2.250% 03/31/16 430,000 04/04/13 454,691.41 0.311% 443,123.29 103.000 442,900.00 4,070.90 446,970.90 0.347% -223.29 Aaa AA+ 1.58 1.55 4.40%
912828QF0 US Treasury Notes/Bonds 2.000% 04/30/16 450,000 06/04/13 469,775.39 0.472% 461,368.06 102.676 462,041.10 3,032.61 465,073.71 0.387% 673.04 Aaa AA+ 1.67 1.64 4.59%
912828QP8 US Treasury Notes/Bonds 1.750% 05/31/16 475,000 12/03/13 490,864.26 0.399% 486,163.35 102.305 485,947.27 2,112.19 488,059.46 0.426% -216.08 Aaa AA+ 1.75 1.73 4.83%
912828QR4 US Treasury Notes/Bonds 1.500% 06/30/16 450,000 10/02/13 461,636.72 0.548% 457,784.96 101.902 458,560.35 1,155.57 459,715.92 0.456% 775.39 Aaa AA+ 1.83 1.81 4.56%
912828QX1 US Treasury Notes/Bonds 1.500% 07/31/16 490,000 08/02/13 503,092.19 0.595% 498,422.56 101.922 499,417.31 639.13 500,056.44 0.491% 994.75 Aaa AA+ 1.92 1.90 4.97%
912828RF9 US Treasury Notes/Bonds 1.000% 08/31/16 470,000 09/04/13 471,615.63 0.883% 471,086.72 100.961 474,516.23 12.98 474,529.21 0.516% 3,429.51 Aaa AA+ 2.00 1.98 4.72%
912828RJ1 US Treasury Notes/Bonds 1.000% 09/30/16 250,000 11/04/13 253,076.17 0.571% 252,212.79 100.898 252,246.00 1,051.91 253,297.91 0.565% 33.21 Aaa AA+ 2.08 2.06 2.51%
912828RJ1 US Treasury Notes/Bonds 1.000% 09/30/16 225,000 03/04/14 227,645.51 0.538% 227,144.02 100.898 227,021.40 946.72 227,968.12 0.565% -122.62 Aaa AA+ 2.08 2.06 2.26%
912828RM4 US Treasury Notes/Bonds 1.000% 10/31/16 450,000 01/06/14 453,515.63 0.719% 452,714.03 100.844 453,797.10 1,516.30 455,313.40 0.607% 1,083.07 Aaa AA+ 2.17 2.14 4.51%
912828RU6 US Treasury Notes/Bonds 0.875%11/30/16 475,000 12/03/13 479,286.13 0.570%478,232.18 100.531 477,523.20 1,056.10 478,579.30 0.637%-708.98 Aaa AA+2.25 2.23 4.75%912828RU6 US Treasury Notes/Bonds 0.875%11/30/16 475,000 12/03/13 479,286.13 0.570%478,232.18 100.531 477,523.20 1,056.10 478,579.30 0.637%-708.98 Aaa AA+2.25 2.23 4.75%
912828RX0 US Treasury Notes/Bonds 0.875% 12/31/16 450,000 02/03/14 453,251.95 0.623% 452,618.46 100.453 452,038.95 674.08 452,713.03 0.679% -579.51 Aaa AA+ 2.33 2.31 4.50%
912828SC5 US Treasury Notes/Bonds 0.875% 01/31/17 250,000 03/04/14 251,445.31 0.674% 251,203.68 100.406 251,015.50 190.22 251,205.72 0.705% -188.18 Aaa AA+ 2.42 2.40 2.50%
912828SJ0 US Treasury Notes/Bonds 0.875% 02/28/17 500,000 04/02/14 499,472.66 0.912% 499,546.37 100.320 501,601.50 12.09 501,613.59 0.745% 2,055.13 Aaa AA+ 2.50 2.46 4.99%
912828SM3 US Treasury Notes/Bonds 1.000% 03/31/17 450,000 05/02/14 451,828.13 0.858% 451,626.86 100.531 452,390.40 1,893.44 454,283.84 0.792% 763.54 Aaa AA+ 2.58 2.54 4.50%
912828SS0 US Treasury Notes/Bonds 0.875% 04/30/17 450,000 06/04/14 450,808.60 0.812% 450,742.89 100.125 450,562.50 1,326.77 451,889.27 0.827% -180.39 Aaa AA+ 2.67 2.63 4.48%
912828NG1 US Treasury Notes/Bonds 2.750% 05/31/17 500,000 07/02/14 526,484.38 0.895% 525,101.03 105.102 525,508.00 3,493.85 529,001.85 0.867% 406.97 Aaa AA+ 2.75 2.65 5.23%
Total U.S. TreasuryBonds 7,665,000 7,840,536.95 0.620% 7,781,506.22 7,790,201.93 23,993.89 7,814,195.82 0.566% 8,695.71 Aaa AA+ 2.08 2.05 77.47%
Corporate Bonds
824348AN6 Sherwin-Williams Co 3.125% 12/15/14 125,000 11/13/12 131,810.00 0.490% 125,946.22 100.750 125,937.62 824.65 126,762.27 0.516% -8.60 A3 A- 0.33 0.30 1.25%
372917AQ7 Genzyme Corp 3.625% 06/15/15 250,000 10/26/12 269,797.50 0.577% 255,968.63 102.535 256,337.75 1,913.19 258,250.94 0.401% 369.12 A1 AA 0.83 0.78 2.55%
14912L4M0 Caterpillar Fin Serv Crp 2.750% 06/24/15 250,000 10/26/12 263,980.00 0.616% 254,307.95 101.912 254,779.00 1,279.51 256,058.51 0.393% 471.05 A2 A 0.83 0.81 2.53%
24702RAL5 Dell Inc 2.300% 09/10/15 250,000 10/26/12 260,307.50 0.836% 253,720.91 100.375 250,937.50 2,731.25 253,668.75 1.923% -2,783.41 B1 B+ 1.00 1.01 2.50%
36962G4T8 General Electric Capital Corp 2.250% 11/09/15 450,000 10/25/12 467,185.50 0.966% 456,809.69 101.996 458,981.55 3,150.00 462,131.55 0.562% 2,171.86 A1 AA+ 1.17 1.18 4.56%
78008KBS1 Royal Bank of Canada 2.625% 12/15/15 250,000 10/25/12 264,480.00 0.746% 256,005.50 102.668 256,670.50 1,385.42 258,055.92 0.543% 665.00 Aa3 AA- 1.33 1.27 2.55%
459200GU9 IBMCorp 2.000% 01/05/16 108,000 10/26/12 112,639.68 0.632% 109,973.57 102.047 110,210.87 336.00 110,546.87 0.470% 237.30 Aa3 AA- 1.33 1.34 1.10%
58933YAB1 Merck & Co Inc 2.250% 01/15/16 300,000 07/23/14 308,079.00 0.403% 307,552.93 102.470 307,411.50 862.50 308,274.00 0.441% -141.43 A2 AA 1.42 1.36 3.06%
Total Corporate Bonds 1,983,000 2,078,279.18 0.695% 2,020,285.40 2,021,266.29 12,482.52 2,033,748.81 0.661% 980.89 A2 A+ 1.08 1.05 20.10%
Portfolio Totals 1.634% 9,892,414 10,163,230.37 0.620% 10,046,205.86 101.652 10,055,882.46 36,477.02 10,092,359.48 0.571% 9,676.60 Aa1 AA 1.83 1.80 100%PACKET PAGE: 67AGENDA ITEM 3A.5
CITY OFSANJACINTOMONTHLYPORTFOLIOREPORTAUGUST31 2014AUGUST31, 2014PORTFOLIOTRANSACTIONSTrade SettleUnit Amortized Unit Sale/Purchased Total Cost/ NetDate Date Quantity Security Coupon Maturity Par Value Cost Book Value Price Principal Accrued Interest Proceeds Gain/LossMaturities08/25/14 08/25/14 157,000 American Express Credit Corp 5.125% 08/25/14 157,000 100.00 157,000.00 100.00 157,000.00 4,023.13 161,023.13 0.00Total Maturities157 000157 000 00157 000 004 023 13161 023 13000Total Maturities157,000 157,000.00 157,000.004,023.13161,023.130.00PACKET PAGE: 68
AGENDA ITEM 3A.5
CITY OFSANJACINTOMONTHLYPORTFOLIOREPORTAUGUST31 2014AUGUST31, 2014PORTFOLIOINTERESTEARNINGSBeginningAdjusted EndingSecurityAccrued Purchased Sold Interest Earned Amortization/ Interest AccruedSymbol Description Coupon Maturity Interest Interest Interest Received Interest Accretion Earned InterestU.S. Treasury Bonds912828PS3 US Treasury Notes/Bonds 2.000% 01/31/16 24.46 0.00 0.00 0.00 758.15 -657.01 101.14 782.61912828QJ2 US Treasury Notes/Bonds 2.125% 02/29/16 4,001.70 0.00 0.00 -4,781.25 805.97 -647.10 158.86 26.42912828QA1 US Treasury Notes/Bonds 2.250% 03/31/16 3,251.43 0.00 0.00 0.00 819.47 -703.23 116.24 4,070.90912828QF0 US Treasury Notes/Bonds 2.000% 04/30/16 2,274.46 0.00 0.00 0.00 758.15 -578.18 179.97 3,032.61912828QP8 US Treasury Notes/Bonds 1.750% 05/31/16 1,408.13 0.00 0.00 0.00 704.06 -540.44 163.63 2,112.19912828QR4 US Treasury Notes/Bonds 1.500% 06/30/16 586.96 0.00 0.00 0.00 568.61 -359.39 209.23 1,155.57912828QX1 US Treasury Notes/Bonds 1.500% 07/31/16 19.97 0.00 0.00 0.00 619.16 -371.31 247.84 639.13912828RF9 US Treasury Notes/Bonds 1.000% 08/31/16 1,966.85 0.00 0.00 -2,350.00 396.14 -45.73 350.41 12.98912828RJ1 US Treasury Notes/Bonds 1.000% 09/30/16 1,596.31 0.00 0.00 0.00 402.32 -176.65 225.68 1,998.63912828RM4 US Treasury Notes/Bonds 1.000% 10/31/16 1,137.23 0.00 0.00 0.00 379.08 -105.51 273.57 1,516.30912828RU6 US Treasury Notes/Bonds 0.875% 11/30/16 704.06 0.00 0.00 0.00 352.03 -121.23 230.80 1,056.10912828RX0 US Treasury Notes/Bonds 0.875% 12/31/16 342.39 0.00 0.00 0.00 331.69 -94.56 237.13 674.08912828SC5 US Treasury Notes/Bonds 0.875% 01/31/17 5.94 0.00 0.00 0.00 184.27 -41.90 142.37 190.22912828SJ0US Treasury Notes/Bonds0875%02/28/17183084000000-2 187 50368 7415 26384 0012 09912828SJ0US Treasury Notes/Bonds0.875%02/28/171,830.840.000.00-2,187.50368.7415.26384.0012.09912828SM3 US Treasury Notes/Bonds 1.000% 03/31/17 1,512.30 0.00 0.00 0.00 381.15 -52.93 328.22 1,893.44912828SS0 US Treasury Notes/Bonds 0.875% 04/30/17 995.07 0.00 0.00 0.00 331.69 -23.43 308.26 1,326.77912828NG1 US Treasury Notes/Bonds 2.750% 05/31/17 2,329.23 0.00 0.00 0.00 1,164.62 -766.02 398.60 3,493.85Total U.S. Treasury Bonds23,987.33 0.00 0.00 -9,318.75 9,325.30 -5,269.36 4,055.95 23,993.89Corporate BondsCorporate Bonds0258M0CZ0 American Express Credit Corp 5.125% 08/25/14 3,486.71 0.00 -4,023.13 0.00 536.42 -464.83 71.59 0.00824348AN6 Sherwin-Williams Co 3.125% 12/15/14 499.13 0.00 0.00 0.00 325.52 -279.11 46.42 824.65372917AQ7 Genzyme Corp 3.625% 06/15/15 1,157.99 0.00 0.00 0.00 755.21 -643.08 112.13 1,913.1914912L4M0 Caterpillar Fin Serv Crp 2.750% 06/24/15 706.60 0.00 0.00 0.00 572.92 -449.93 122.99 1,279.5124702RAL5 Dell Inc 2.300% 09/10/15 2,252.08 0.00 0.00 0.00 479.17 -306.99 172.18 2,731.2536962G4T8General Electric Capital Corp2250%11/09/15230625000000000843 75-483 42360 333 150 0036962G4T8General Electric Capital Corp2.250%11/09/152,306.250.000.000.00843.75-483.42360.333,150.0078008KBS1 Royal Bank of Canada 2.625% 12/15/15 838.54 0.00 0.00 0.00 546.87 -394.08 152.79 1,385.42459200GU9 IBM Corp 2.000% 01/05/16 156.00 0.00 0.00 0.00 180.00 -124.04 55.96 336.0058933YAB1 Merck & Co Inc 2.250% 01/15/16 300.00 0.00 0.00 0.00 562.50 -465.96 96.54 862.50Total Corporate Bonds11,703.30 0.00 -4,023.13 0.00 4,802.36 -3,611.44 1,190.93 12,482.52
PACKET PAGE: 69
AGENDA ITEM 3A.5
CITY OFSANJACINTOMONTHLYPORTFOLIOREPORTAUGUST31 2014AUGUST31, 2014PORTFOLIOINTERESTEARNINGS(CONTINUED)BeginningAdjusted EndingSecurityAccrued Purchased Sold Interest Earned Amortization/ Interest AccruedSymbol Description Coupon Maturity Interest Interest Interest Received Interest Accretion Earned InterestCash & EquivalentsFGVXX First American Government Obligations - Class Y 0.010% 09/01/14 1.06 0.00 0.00 -1.06 0.61 0.00 0.61 0.61Total Cash & Equivalents1.06 0.00 0.00 -1.06 0.61 0.00 0.61 0.61Portfolio Totals35,691.69 0.00 -4,023.13 -9,319.81 14,128.27 -8,880.80 5,247.49 36,477.02
PACKET PAGE: 70
AGENDA ITEM 3A.5
CITY OFSANJACINTOMONTHLYPORTFOLIOREPORTAUGUST31 2014AUGUST31, 2014PORTFOLIOCASHLEDGERTrade SettleDate Date Activity DescriptionAmountCash08/01/14 Beginning Balance0.0008/01/14 Addition to Portfolio1.0608/04/14 Withdrawal from Portfolio-1.0608/25/14 08/25/14 Sale American Express Credit Corp157,000.0008/25/14 08/25/14 Accrued Interest American Express Credit Corp4,023.1308/25/14 Withdrawal from Portfolio-104.1708/25/14 Withdrawal from Portfolio-160,918.9608/31/14 Ending Balance0.00First American Government Obligations - Class Y08/01/14 Beginning Balance83,494.2208/04/14 08/04/14 Transfer from MMF Dividend1.0608/25/14 Addition to Portfolio160,918.9608/31/14 Ending Balance244,414.24PACKET PAGE: 71
AGENDA ITEM 3A.5
CITY OFSANJACINTOMONTHLYPORTFOLIOREPORTAUGUST31 2014AUGUST31, 2014PORTFOLIOPERFORMANCETotal Return Current Prior 3 Prior 12 Year to 3-Years 5-Years 11/30/12as of 08/31/2014 Month Months Months DateCity of San Jacinto 0.19 0.04 0.99 0.57 - - 0.62Average Annualized ReturnsBofA Merrill 1-3 Year Treasury 0.17 0.04 0.79 0.50 0.45 1.09 0.51
PACKET PAGE: 72
AGENDA ITEM 3A.5
CITY OFSANJACINTOMONTHLYPORTFOLIOREPORTAUGUST31 2014AUGUST31, 2014PORTFOLIOCOMPLIANCESection Description Compliance Requirement BLX CommentIX. 2U.S. Treasury No limitations CompliantIX. 3 Federal Agency No limitations CompliantIX. 1 Municipal BondsRated in 4 highest general classifications by nationally recognized rating service; 5% issuer limitationCompliantIX. 4Bankers AcceptancesRated A1 or better and have long term debt rated A or better by 2 NRSRO's; Maturity ≤ to 180 days, 40% total portfolio limit, 5% issuer limitCompliantSection Description Compliance Requirement BLX CommentIX. 14 Pass‐Through SecuritiesIssuer debt rated at least A by 2 NRSRO; Must be rated in the AA category by 2 NRSRO's; 20% total portfolio limit, 5‐year maturity limitCompliantCorporate BondsCorporations organized and operating in the U.S. or depository institutions licensed by the U.S. or any state and operating in the U.S.; Rated in the A category or better by 2 NRSRO's, 5‐year maturity limit; 30% total portfolio limit, 5% issuer limitCompliance Exception Noted1IX. 13IX. 7 CDARS 30% limit in combination of CD's (including CDARS); 5‐year maturity limit CompliantIX. 5Federally Insured Time DepositsLimited to amounts covered under federal insurance; 5‐year maturity limit CompliantIX. 6Time Deposits Fully collateralized per CA law, 20% limit when combined with IX. 5; Issuer must have long‐term debt rated A or higher or short‐term debt rated A1 or higher by 2 NRSRO's, 5‐year maturity limitCompliantyy,%p,%IX. 16 Mutual Funds Authorized by CA Government Code Section 53601 CompliantX.A.1 Futures and Options Prohibited CompliantX.A.2Inverse Floaters, Range dOSiProhibited CompliantIX. 15 Money Market FundsRegisterd with SEC under 1940 Act, have highest ranking by 2 NRSRO's; Retained advisor registered (or exempt from registration) with 5 years experience investing in securities authorized by CA 53601 and at least $500 million of assets; 20% total portfolio limit, 10% per fund limitCompliantIX. 9Repurchase AgreementsCollateralized at 102% in accordance with policy; 1‐year maturity limit, no % portfolio limit, collateral held by custodian bank; Subject to master repurchase agreement substantially in SIFMA's formCompliantIX10CilPIssuer is organized and operating in the U.S. with assets of at least $500 million; Issuer short‐term ratings of A1 or higher and long‐term ratings of A CliIX. 8Negotiable CD'sIssuer must have long‐term debt rated A or higher and/or short‐term debt rated A1 or higher by 2 NRSRO's; Maturity ≤ to 5 years, 30% total portfolio limit, 5% issuer limitCompliantX.A.3 Potential Zero Accruals Prohibited CompliantX.A.5 Purchases on Margin Prohibited CompliantX.A.6Reverse Repos & LeverageProhibited CompliantX.A.7 Foreign $ Securities Prohibited CompliantX.B.2 Single Issuer Limitation 5% issuer limitation, except U.S. Government and its agencies & enterprises CompliantNotes, and IO StripspIX. 11 LAIF 70% total portfolio limit, up to the maximum permitted balance CompliantIX. 12Local Government Investment PoolsRiverside County Investment Fund limited to 70% of the portfolio; JPA Pools limited to 50% of the portfolioCompliantIX. 10Commercial Papero;ssuesoeagsoogeadogeagsoor higher by 2 NRSRO's; Maturity ≤ 270 days; 25% total portfolio limit; 5% issuer limitCompliantX.C.2 Callable Securities 20% of total portfolio (excluding Make Whole Call securities) CompliantX.C.3 Maximum Maturity Individual security maturities limited to 5 years or less CompliantX.C.4Portfolio Duration LimitationAverage portfolio duration will be managed to be approximatly equal to the Market Benchmark selected by the City (typically +/‐ 20 of benchmark duration)Compliant1In February 2013, the Dell 2.30% 9/10/2015 Bonds, CUSIP 24702RAL5 (the “Dell Bonds”), were downgraded by Moody’s Investor Service (“Moody’s”) to Baa1 from A2. In addition, Fitch Ratings (“Fitch”) lowered the ratings on thDllBdtBB+fAThddtblth“A”tbbthMd’dFit hdthDllBdtbtfliiththCit ’IttPlihi hitdittthe Dell Bonds to BB+ from A.The downgrade to below the “A” category by both Moody’s and Fitch caused the Dell Bonds to be outof compliance with the City’s Investment Policy which requires corporate medium term notes to have a rating in the “A” category or better by at least two nationally recognized statistical rating organizations (“NRSRO’s”). Furthermore, Standard & Poor’s (“S&P”) downgraded the Dell Bonds to BBB from A‐in May 2013. In September 2013, the Dell bonds received additional downgrades; S&Plowered ratings to B+ from BBB and Fitch lowered ratings to B+ from BB+. Moody’s then lowered ratings to B1 from Baa1 in October 2013. Based upon discussions between BLX Group LLC (“BLX”) and the City, the City has elected to retain the Dell Bonds in the portfolio. This decision is based upon the relatively short remaining term to maturity of the Dell Bonds and the outlook that Dell will maintain the resources to fully service its debt obligations. The City, together with BLX, will continue to monitor the status of the Dell Bonds and BLX will provide monthly status updates in accordance with the requirements of the Investment Policy. Please see the accompanying memorandum for further details.PACKET PAGE: 73
AGENDA ITEM 3A.5
TO CITY OF SAN JACINTO
FROM BLX GROUP LLC
DATE AUGUST 31, 2014
RE DOWNGRADE OF DELL BO
On October 29, 2013, the group (the “Dell/Silver Lake Group”) comprised of Dell’s Chairman and Chief
Executive Officer, Michael Dell (“Mr. Dell”), and private equity firm Silver Lake Partners completed the leveraged
buyout transaction (the “Go-Private Tran
amended on August 2, 2013. The Dell/Silver Lake Group funded the $24.9 billion Go
debt financing arrangements, cash equity contributions, and cash on hand at Dell
As of month end, the City’s Dell Bonds (“Dell Bonds”) hold a rating of B+ by S&P, B1 by Moody’s, and B+ by
Fitch.
As reflected in Table 1, the average observed closing price for the Dell Bonds on
compared to 100.213 on July 31. The average observed closing yield on the Dell Bonds was 2.10% on
29 compared to 2.10% at the end of Ju
August at 200 basis points (2.00%) compared to 1
Interactive Data, a leading provider of security pricing services, values the Dell Bonds at a market price of
100.38, up from 100.05 at the end of Ju
indication equates to an unrealized loss of approximately $
date, results in a net unrealized gain of approximately $
would depend upon market conditions and security pricing at the time of sale.
Based upon discussions between BLX Group LLC (“BLX”) and the City, the City has elected to retain the Dell
Bonds in the portfolio rather than sell and realize a market loss on the position. Thi
relatively short remaining term to maturity of the Dell Bonds and the outlook that a post
Dell will maintain the resources to fully service its debt obligations. The City, together with BLX, will continu
monitor the status of the Dell Bonds and BLX will provide monthly status updates in accordance with the
requirements of the Investment Policy.
M e m o r a n d u m
CITY OF SAN JACINTO
DOWNGRADE OF DELL BONDS IN CITY INVESTMENT PORTFOLIO
On October 29, 2013, the group (the “Dell/Silver Lake Group”) comprised of Dell’s Chairman and Chief
Executive Officer, Michael Dell (“Mr. Dell”), and private equity firm Silver Lake Partners completed the leveraged
Private Transaction”) that they first introduced on February 5, 2013 and later
amended on August 2, 2013. The Dell/Silver Lake Group funded the $24.9 billion Go-Private Transaction with
debt financing arrangements, cash equity contributions, and cash on hand at Dell and its subsidiaries.
As of month end, the City’s Dell Bonds (“Dell Bonds”) hold a rating of B+ by S&P, B1 by Moody’s, and B+ by
As reflected in Table 1, the average observed closing price for the Dell Bonds on August 29
. The average observed closing yield on the Dell Bonds was 2.10% on
% at the end of July. The average observed spread to a duration-matched Treasury closed
%) compared to 196 basis points (1.96%) at the end of July
Interactive Data, a leading provider of security pricing services, values the Dell Bonds at a market price of
at the end of July. Based upon the City’s amortized cost of 101.49
indication equates to an unrealized loss of approximately $2,780, which when adjusted for interest earned to
of approximately $1,170 or 0.45%. Of course, any realized gain or loss
arket conditions and security pricing at the time of sale.
Based upon discussions between BLX Group LLC (“BLX”) and the City, the City has elected to retain the Dell
Bonds in the portfolio rather than sell and realize a market loss on the position. This decision is based upon the
relatively short remaining term to maturity of the Dell Bonds and the outlook that a post-Go
Dell will maintain the resources to fully service its debt obligations. The City, together with BLX, will continu
monitor the status of the Dell Bonds and BLX will provide monthly status updates in accordance with the
requirements of the Investment Policy.
M e m o r a n d u m
On October 29, 2013, the group (the “Dell/Silver Lake Group”) comprised of Dell’s Chairman and Chief
Executive Officer, Michael Dell (“Mr. Dell”), and private equity firm Silver Lake Partners completed the leveraged
saction”) that they first introduced on February 5, 2013 and later
Private Transaction with
and its subsidiaries.
As of month end, the City’s Dell Bonds (“Dell Bonds”) hold a rating of B+ by S&P, B1 by Moody’s, and B+ by
29 was 100.201
. The average observed closing yield on the Dell Bonds was 2.10% on August
matched Treasury closed
July. As of month’s end,
Interactive Data, a leading provider of security pricing services, values the Dell Bonds at a market price of
49, this market price
0, which when adjusted for interest earned to
5%. Of course, any realized gain or loss
Based upon discussions between BLX Group LLC (“BLX”) and the City, the City has elected to retain the Dell
s decision is based upon the
Go-Private-Transaction
Dell will maintain the resources to fully service its debt obligations. The City, together with BLX, will continue to
monitor the status of the Dell Bonds and BLX will provide monthly status updates in accordance with the
PACKET PAGE: 74
AGENDA ITEM 3A.5
Table 1: TRACE Trade History
Date High Low Last Avg High
7/31/2014 100.400 100.026 100.250 100.213 2.275
8/1/2014 100.375 98.771 99.750 99.573 3.453
8/4/2014 100.250 99.625 100.000 99.938 2.650
8/5/2014 100.000 100.000 100.000 100.000 2.299
8/6/2014 100.950 99.500 100.340 100.225 2.772
8/7/2014 100.500 99.500 99.500 100.000 2.773
8/8/2014 100.125 99.550 100.125 99.838 2.727
8/11/2014 100.250 100.250 100.250 100.250 2.062
8/12/2014 100.250 100.150 100.150 100.200 2.157
8/13/2014 100.550 99.250 100.130 99.900 3.023
8/14/2014 100.440 100.240 100.375 100.340 2.069
8/15/2014 100.250 100.035 100.250 100.143 2.266
8/18/2014 100.600 99.250 100.600 99.925 3.028
8/19/2014 100.670 100.250 100.670 100.460 2.058
8/20/2014 100.560 99.817 100.250 100.189 2.478
8/21/2014 100.925 100.765 100.765 100.845 1.555
8/22/2014 100.282 100.082 100.082 100.182 2.219
8/25/2014 100.688 100.487 100.510 100.588 1.822
8/26/2014 100.625 100.625 100.625 100.625 1.685
8/27/2014 100.255 99.755 100.255 100.005 2.544
8/28/2014 100.164 99.804 99.804 99.984 2.496
8/29/2014 100.375 100.026 100.126 100.201 2.274
Monthly
Average:100.433 99.892 100.217 100.162 2.400
Price
98
99
100
101
102
103
104
PriceGraph1: Dell Bond Price
50
100
150
200
250
300
SpreadGraph3: Dell Bond Spread
High Low Last Avg Vol(M) Trds Dlr Buy Dlr Sell
2.275 1.929 2.068 2.102 3,957 11 1,770 1,475
3.453 1.951 2.532 2.702 1,097 10 76 470
2.650 2.066 2.299 2.358 305 7 85 100
2.299 2.299 2.299 2.299 100 1 100
2.772 1.411 1.980 2.091 350 6 50 175
2.773 1.829 2.773 2.301 789 9 135 322
2.727 2.181 2.181 2.454 300 4 50 100
2.062 2.062 2.062 2.062 753 1 0 753
2.157 2.062 2.157 2.109 210 2 150
3.023 1.774 2.175 2.398 2,305 11 1,070 1,165
2.069 1.878 1.940 1.973 70 4 10
2.266 2.059 2.059 2.162 1,320 8 350
3.028 1.722 1.722 2.375 236 9 121
2.058 1.653 1.653 1.855 149 6 0
2.478 1.755 2.056 2.117 3,310 9 1,020 763
1.555 1.400 1.555 1.477 15 3 0
2.219 2.023 2.219 2.121 20 2 10
1.822 1.626 1.799 1.724 6,240 9 3,120 3,000
1.685 1.685 1.685 1.685 450 5 0 225
2.544 2.046 2.046 2.295 55 3 30
2.496 2.136 2.496 2.316 50 2 25
2.274 1.926 2.174 2.100 110 5 80
2.400 1.883 2.089 2.142 868 6 309 348
Yield Dealer to Client Volume(M)
0.80
1.30
1.80
2.30
2.80
3.30
YieldGraph2: Dell Bond Yield
Source:Bloomberg
Source: Bloomberg
9
10
11
12
13
14
15
PriceGraph4: Dell Equity Price
City of San Jacinto
August 31, 2014
Page 2
D→D
Dlr Sell Vol(M)
1,475 295 712
470 -394 551
100 -15 120
0 100 0
175 -125 125
322 -187 332
100 -50 150
753 -753 0
60 90 0
1,165 -95 70
35 -25 25
10 340 960
40 81 75
75 -75 74
763 257 1,527
5 -5 10
0 10 10
3,000 120 120
225 -225 225
0 30 25
0 25 25
0 80 30
348 -39 212
Source: Bloomberg and BLX Group LLC
Dealer to Client Volume(M)
Net
Source:Bloomberg
Source:Bloomberg
PACKET PAGE: 75
AGENDA ITEM 3A.5
October 7, 2014
TO: The Honorable Mayor and Members of the City Council
FROM: Tim Hults, City Manager
SUBJECT: Side Letters to the Memorandums of Understanding with San Jacinto
Management Association and Service Employees International Union
Local 721 (SEIU)
RECOMMENDATION:
Staff recommends that the City Council, by motion, approve Side Letters to the
Memorandums of Understanding with San Jacinto Management Association and
Service Employees International Union Local 721 (SEIU).
DISCUSSION
The existing Memorandums of Understanding (MOU) with the Management Association
and SEIU expired on June 30, 2014. The City negotiators met with representatives of both
bargaining units and provided them with the details of the City current financial condition.
Understanding the situation, both bargaining units have agreed to continue with the terms
of the recently expired MOU through June 30, 2015.
FISCAL IMPACT
Neither bargaining unit is getting additional compensation or increases in benefits during
the term of the applicable Side Letters. Therefore, there is no impact associated with this
action that had not already been contemplated in the current fiscal year expenditure
authorization.
ATTACHMENTS
Applicable Side Letters
PACKET PAGE: 77
AGENDA ITEM 3A.6
SIDE LETTER TO THE MEMORANDUM OF UNDERSTANDING
BETWEEN THE CITY OF SAN JACINTO (“CITY”) AND THE SAN JACINTO
MANAGEMENT ASSOCIATION (“ASSOCIATION”)
The City and the Association, hereby agree to modification of the terms and conditions set forth
in the Memorandum of Understanding (2011-2014) between the City and Association (hereinafter
referred to as “MOU”) as follows:
1. The expiration date of the MOU shall be extended to June 30, 2015.
2. If, after June 30, 2014, the City grants or agrees to provide employees in the SEIU
Local 721 bargaining unit a salary or benefit increase to be effective during the term of this MOU and
which exceeds any salary or benefit increases contained in the MOU, the City shall adjust the increase
contained in this MOU so that they are equal to those granted to employees of the SEIU Local 721
bargaining unit. Such adjustments shall be effective at the time the salary or benefit increase is granted
to the employees of the SEIU Local 721 bargaining unit. For the purposes of this Article, a “salary or
benefit increase” refers to base salary or wages, including longevity pay, health and welfare benefits,
retirement benefits, bonuses, vacations, sick holiday, sick leave, additional work days, salary schedule,
restructuring or other fringe benefits.
3. Except as modified above, the terms and conditions of the MOU shall remain in effect
as provided therein.
APPROVAL:
Rick Miller-San Jacinto Management Group Tim Hults, City Manager
Dan Mudrovich-San Jacinto Management Group
PACKET PAGE: 79
AGENDA ITEM 3A.6
SIDE LETTER TO THE MEMORANDUM OF UNDERSTANDING
BETWEEN THE CITY OF SAN JACINTO (“CITY”) AND THE SERVICE EMPLOYEES
INTERNATIONAL UNION LOCAL 721 (“SEIU”)
The City and SEIU, hereby agree to modification of the terms and conditions set forth in the
Memorandum of Understanding (2011-2014) between the City and SEIU (hereinafter referred to as
“MOU”) as follows:
1. The expiration date of the MOU shall be extended to June 30, 2015.
2. If, after June 30, 2014, the City grants or agrees to provide employees in the San Jacinto
Management Association bargaining unit a salary or benefit increase to be effective during the term of
this MOU and which exceeds any salary or benefit increases contained in the MOU, the City shall
adjust the increase contained in this MOU so that they are equal to those granted to employees of the
San Jacinto Management Association bargaining unit. Such adjustments shall be effective at the time
the salary or benefit increase is granted to the employees of the San Jacinto Management Association
bargaining unit. For the purposes of this Article, a “salary or benefit increase” refers to base salary or
wages, including longevity pay, health and welfare benefits, retirement benefits, bonuses, vacations,
sick holiday, sick leave, additional work days, salary schedule, restructuring or other fringe benefits.
3. Except as modified above, the terms and conditions of the MOU shall remain in effect
as provided therein.
APPROVAL:
____________________________________
Eloy Alvarez, SEIU Local 721 Negotiator
Date: __________________________ __
_________________________________
Tim Hults, City Manager
Date: ____________________________
PACKET PAGE: 81
AGENDA ITEM 3A.6
October 7, 2014
TO: The Honorable Mayor and Members of the City Council
FROM: Jeff Ballinger, City Attorney
SUBJECT: Public Improvement Fee Credit Agreement – CADO San Jacinto, LLC
(Tentative Tract Nos. 31037, 31037-1 and 31037-2)
RECOMMENDATION:
Staff recommends that the City Council, by motion, approve Public Improvement Fee
Credit Agreement between City of San Jacinto and CADO San Jacinto, LLC (Tract Nos.
31037, 31037-1 AND 31037-2), and authorize the City Manager to execute said
agreement.
BACKGROUND:
CADO San Jacinto, LLC is the owner of Tentative Tract Nos. 31037, 31037-1 AND
31037-2, an approximately 159 unit residential project. As a condition of the
development approvals for the project, the developer was required to construct a public
park at the project.
On June 2, 2005, City Ordinance No. 05-18 was adopted establishing certain
development impact fees to be paid as a condition to the issuance of land use
entitlements within the City. Section 5 of Ordinance 05-18 authorizes the City Manager,
when he or she determines that the public interest would be served by such an
agreement, to execute agreements on behalf of the City with applicants in order to
provide a credit to the applicant against certain DIF Fees, in exchange for the
applicant’s construction and dedication of public improvements, upon reasonable terms
and conditions as may be determined on a case by case basis.
In this case, CADO has provided a detailed engineer’s estimate of the costs of
constructing the public park. This amounts to $934,720.18. The project would normally
be required to pay park DIF fees in the amount of $478,590. However, because the
project built the public park, Ordinance No. 05-18 provides that the project should
receive a credit, in this case in the amount of the project’s DIF fee obligation. The
developer will not receive any reimbursement; only a credit. The credit may be
assigned to the ultimate builder of the three tracts, but not to any other project in the
City.
ALTERNATIVES:
1) Approve Agreement (Staff Recommendation).
2) Do not approve Agreement.
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AGENDA ITEM 3A.7
3) Continue or take no action.
FISCAL IMPACT:
This credit agreement is contemplated as part of the development impact fee program
that was adopted in 2005. Specifically, the development impact fee program
contemplates that some developers will oversize (or provide up-front funding) for
projects that are to be funded by development impact fees. Therefore, while this fee
credit agreement will provide a credit against impact fees that would otherwise be due
to the City, those credits will come solely from the park development impact fee portion.
Thus, there will be no impact to the City’s general fund.
ATTACHMENTS:
Public Improvement Fee Credit Agreement
PACKET PAGE: 84
AGENDA ITEM 3A.7
16498.60269\9316632.2
PUBLIC IMPROVEMENT FEE CREDIT
AGREEMENT (TRACT 31037, 31037-1 AND 31037-2)
This Public Improvement Fee Credit Agreement (Tract 31037, 31037-1 and 31037-
2) ( “Agreement”), entered into this 7th day of October, 2014 (“Effective Date”), between
the CITY OF SAN JACINTO , a California municipal corporation, hereinafter referred to as
the “City,” and CADO SAN JACINTO, LLC, a California Limited Liability Company,
hereinafter referred to as the “Developer.”
RECITALS
A. Developer is the owner and developer of property located within the
City, which property has received development approvals from the City, including Tentative
Tract Nos. 31037, 31037-1 and 31037-2, (“Tract Map” or “Project”). A legal description
of the property is attached as Exhibit “A” (the “Property”). A map of the Property is
attached as Exhibit “B”.
B. As a condition of the development approvals for the Property the
Developer’s predecessor in interest was required to construct those park public
improvements identified on Exhibit “C” (the “Improvements”). The estimated cost of the
Improvements is also set forth in Exhibit “C”.
C. On June 2, 2005, City Ordinance No. Ordinance No. 05-18 was
adopted establishing certain development impact fees (“DIF Fees”) to be paid as a condition
to the issuance of certain entitlements within the City. A summary of the DIF Fees is
attached hereto as Exhibit “D”. Section 5 of Ordinance 05-18 authorizes the City Manager,
when he determines that the public interest would be served by such an agreement, to
execute agreements on behalf of the City with applicants in order to provide a credit to the
applicant against certain DIF Fees in exchange for the applicant’s construction and
dedication of public improvements, upon reasonable terms and conditions as may be
determined on a case by case basis.
D. The parties wish to enter into this agreement to satisfy legal
requirements regarding the use of public funds so that Developer can receive credit from
those DIF Fees for which fee credits may be made because of the construction and
dedication of the Improvements (“Subject DIF Fees”).
AGREEMENT
NOW, THEREFORE, for good and valuable consideration, the receipt of
which is hereby acknowledged, and the mutual promises contained herein, it is agreed as
follows:
Section 1. Purpose of the Agreement. Developer, or its predecessor in
interest to the Property, has caused the Improvements to be designed, engineered, permitted
and constructed, and the City shall credit the Developer the Fee Credit Amount, as defined
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AGENDA ITEM 3A.7
16498.60269\9316632.2
and pursuant to the conditions contained herein.
Section 2. Dedication of Improvements. The Developer hereby agrees to
convey, if it has not already done so, to the City, and the City hereby agrees to accept the
Improvements.
Section 3. Fee Credit. Developer acknowledges that, as of the Effective Date
of this Agreement, the DIF Fee obligation of the Project’s Parks and Open Space Facilities
DIF Fee is approximately Four Hundred Seventy-Eight Thousand Five Hundred Ninety
Dollars ($478,590) (“Subject DIF Obligation”). The parties further acknowledge that the
estimated cost of the Improvements set forth in Exhibit “C” equals approximately Nine
Hundred Thirty Forty Thousand Seven Hundred Twenty Dollars and 18/100 ($934,720.18)
(“Engineer’s Estimate”). Developer shall receive a credit (“Fee Credit”) against the
Project’s Subject DIF Obligation in the amount of the Engineer’s Estimate. The Fee Credit
may be used as a credit against only the Parks and Open Space Facilities DIF Fee Obligation,
which DIF Fees may be adjusted from time to time by the City, pursuant to the Mitigation
Fee Act (A.B. 1600). This Agreement and the Fee Credit may be assigned, in whole or in
part, by Developer, but only pursuant to a written assignment and assumption agreement,
executed by both Developer and the assignee setting forth the precise amount of Fee Credit
that is proposed to be assigned/assumed. No assignment shall be effective (and the City shall
have no obligation to honor any purported assignment) unless and until a fully executed copy
of such assignment and assumption agreement has been provided to the City Manager and is
either in the form attached hereto as Exhibit “E” or is approved by the City Manager, which
approval shall not be unreasonably withheld.
Section 4. Representations, Warranties and Covenants of the Developer.
The Developer makes the following representations, warranties and covenants for the
benefit of the City, as of the date hereof:
(a) Organization. The Developer represents and warrants that the
Developer is a California limited liability company duly organized and validly existing
under the laws of the State of California, is in good standing under the laws of the State, and
has the power and authority to own its properties and assets and to carry on its business as
now being conducted and as now contemplated.
(b) Authority. The Developer represents and warrants that the
Developer has the power and authority to enter into this Agreement, and has taken all action
necessary to cause this Agreement to be executed and delivered, and this Agreement has
been duly and validly executed and delivered on behalf of the Developer.
(c) Binding Obligation. The Developer represents and warrants
that this Agreement is a valid and binding obligation of the Developer and is enforceable
against the Developer in accordance with its terms, subject to bankruptcy, insolvency,
reorganization or other similar laws affecting the enforcement of creditors’ rights in general
and by general equity principles.
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AGENDA ITEM 3A.7
16498.60269\9316632.2
(d) Completion of Improvements. The Developer covenants that
it will use its reasonable and diligent efforts to do all things that may be lawfully required of
it in order to cause the Improvements to be completed in accordance with this Agreement.
(e) Compliance with Laws. The Developer covenants that, while
the Improvements are owned by the Developer or required pursuant to this Agreement to be
maintained by the Developer, it will not commit, suffer or permit any of its agents,
employees or contractors to commit any act to be done in, upon or to the Improvements in
violation in any material respect of any law, ordinance, rule, regulation or order of any
governmental authority or any covenant, condition or restriction now or hereafter affecting
the Property or the Improvements.
Section 5. Representations, Warranties and Covenants of City. City
makes the following representations, warranties and covenants for the benefit of the
Developer:
(a) Authority. City represents and warrants that City has the
power and authority to enter into this Agreement, and has taken all action necessary to cause
this Agreement to be executed and delivered, and this Agreement has been duly and validly
executed and delivered on behalf of the City.
(b) Binding Obligation. City represents and warrants that this
Agreement is a valid and binding obligation of City and is enforceable against City in
accordance with its terms, subject to bankruptcy, insolvency, reorganization or other similar
laws affecting the enforcement of creditors’ rights in general and by general equity
principles.
Section 6. Indemnification. The Developer agrees to protect, indemnify,
defend and hold the City, and its respective officers, employees and agents, and each of
them, harmless from and against any and all claims, losses, expenses, suits, actions, decrees,
judgments, awards, attorney’s fees, and court costs that the City, or its respective officers,
employees and agents, or any combination thereof, may suffer or that may be sought against
or recovered or obtained from the City, or its respective officers, employees or agents, or
any combination thereof, as a result of or by reason of or arising out of or in consequence of
(a) the acquisition, construction, or installation of the Improvements; (b) the untruth or
inaccuracy of any representation or warranty made by the Developer in this Agreement or in
any certifications delivered by the Developer hereunder; (c) the failure of Developer, it’s
contractor or any subcontractor performing work on the Improvements to comply with
applicable law; or (d) any act or omission of the Developer or any of its subcontractors, or
their respective officers, employees or agents, in connection with the Improvements. If the
Developer fails to do so, the City shall have the right, but not the obligation, to defend the
same and charge all of the direct or incidental costs of such defense, including any attorneys
fees or court costs, to and recover the same from the Developer. The parties acknowledge
and agree that the Developer shall be released from the obligation to protect, indemnify,
defend and hold harmless set forth herein upon the acceptance of the Improvements by the
City.
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AGENDA ITEM 3A.7
16498.60269\9316632.2
Section 7. Developer as a Private Developer. In performing under this
Agreement, it is mutually understood that the Developer is acting as a private developer, and
not as an agent of the City. The City shall have no responsibility for payment to any
contractor, subcontractor or supplier of the Developer. Accordingly, this Agreement does
not constitute a debt or liability of the City. The City shall not be obligated to advance any
of its own funds or any other costs incurred in connection with the Project. No member,
official or employee of the City shall be personally liable to the Developer, or any successor
in interest, in the event of any default or breach by the City or for any amount that may
become due to the Developer or its successors, or on any obligations under the terms of this
Agreement.
Section 8. Other Agreements. Nothing contained herein shall be construed
as affecting the City’s or the Developer’s respective duty to perform its respective
obligations under other agreements, land use regulations or subdivision requirements
relating to the development of the Property, which obligations are and shall remain
independent of the Developer’s rights and obligations, and the City’s rights and obligations,
under this Agreement; provided, however, that the Developer shall use its reasonable and
diligent efforts to perform each and every covenant to be performed by it under any lien or
encumbrance, instrument, declaration, covenant, condition, restriction, license, order, or
other agreement, the nonperformance of which could reasonably be expected to materially
and adversely affect the design, acquisition, construction and installation of the
Improvements. This Agreement is not, and shall not be construed as, a statutory
development agreement as authorized by Government Code sections 65864 et seq., and this
Agreement shall not be interpreted as limiting the authority of the City to adopt and amend
regulations concerning permitted uses of property, the density or intensity of use, the
maximum height and size of proposed buildings, provisions for the reservation or dedication
of land or the payment of impact fees for public purposes.
Section 9. Binding on Successors and Assigns/ Assignment. Subject to the
provisions regarding assignments in Section 3 above, the agreements and covenants
included herein shall be binding on and inure to the benefit of any partners, permitted
assigns, and successors-in-interest of the parties hereto.
Section 10. Amendments. This Agreement can only be amended by an
instrument in writing executed and delivered by the City and the Developer.
Section 11. Waivers. No waiver of, or consent with respect to, any
provision of this Agreement by a party hereto shall in any event be effective unless the same
shall be in writing and signed by such party, and then such waiver or consent shall be
effective only in the specific instance and for the specific purpose for which it was given.
Section 12. No Third Party Beneficiaries. No person or entity, other than
the City, shall be deemed to be a third party beneficiary hereof, and nothing in this
Agreement (either express or implied) is intended to confer upon any person or entity, other
than the City and the Developer (and their respective successors and assigns), any rights,
PACKET PAGE: 88
AGENDA ITEM 3A.7
16498.60269\9316632.2
remedies, obligations or liabilities under or by reason of this Agreement.
Section 13. Notices. Any written notice, statement, demand, consent
approval, authorization, offer, designation, request or other communication to be given
hereunder shall be given to the party entitled thereto at its address set forth below, or at such
other address as such party may provide to the other party in writing from time to time,
namely:
Developer: CADO San Jacinto LLC
Attn: Alix Zikakis
1545 Faraday Avenue
Carlsbad, CA 92008
Facsimile: (760) 804-6901
City: City of San Jacinto
Attn: City Manager
595 S. San Jacinto Ave.
San Jacinto, CA 92583
Facsimile: (951) 487-6779
Each such notice, statement, demand, consent, approval, authorization, offer,
designation, request or other communication hereunder shall be deemed delivered to the
party to whom it is addressed (a) if personally served or delivered, upon delivery, (b) if
given by electronic communication, whether by telex, or telecopy, upon the sender’s receipt
of an appropriate answerback or other written acknowledgment, (c) if given by registered or
certified mail, return receipt requested, deposited with the United States mail postage
prepaid, 72 hours after such notice is deposited with the United States mail, (d) if given by
overnight courier, with courier charges prepaid, 24 hours after delivery to said overnight
courier, or (e) if given by any other means, upon delivery at the address specified in this
Section.
Section 14. Jurisdiction and Venue. City and the Developer (a) agree that
any suit, action or other legal proceeding arising out of or relating to this Agreement shall be
brought in state or local court in the County of Riverside or in the Courts of the United
States of America in the district in which the City is located, (b) consents to the jurisdiction
of each such court in any suit, action or proceeding, and (c) waives any objection that it may
have to the laying of venue or any suit, action or proceeding in any of such courts and any
claim that any such suit, action or proceeding has been brought in an inconvenient forum.
Each of the City and the Developer agrees that a final and non-appealable judgment in any
such action or proceeding shall be conclusive and may be enforced in other jurisdictions by
suit on the judgment or in any other manner provided by law.
Section 15. Attorneys’ Fees. If any action is instituted to interpret or
enforce any of the provisions of this Agreement, the prevailing party in such action shall be
entitled to recover from the other party thereto reasonable attorney’s fees and costs of such
suit (including both prejudgment and post judgment fees and costs) as determined by the
court as part of the judgment.
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AGENDA ITEM 3A.7
16498.60269\9316632.2
Section 16. Governing Law. This Agreement and any dispute arising
hereunder shall be governed by and interpreted in accordance with the laws of the State of
California.
Section 17. Usage of Words. As used herein, the singular of any word
includes the plural, and terms in the masculine gender shall include the feminine.
Section 18. Counterparts. This Agreement may be executed in
counterparts, each of which shall be deemed an original.
Section 19. Incorporation by Reference. The Exhibits attached hereto
and the Recitals of this Agreement are hereby incorporated by reference as though fully set
forth herein.
[Signatures On Next Page]
PACKET PAGE: 90
AGENDA ITEM 3A.7
16498.60269\9316632.2
IN WITNESS WHEREOF, the parties have executed this Public Improvement Fee
Credit Agreement (Tract 31037, 31037-1 and 31037-2) on the respective dates set forth
below.
“CITY”
CITY OF SAN JACINTO,
a California municipal corporation
By: ________________________ Dated: _________________, 2014
Tim Hults, City Manager
ATTEST:
By: __________________________
Rick Miller, City Clerk
APPROVED AS TO FORM:
BEST BEST & KRIEGER LLP
By: __________________________
Jeff Ballinger, City Attorney
“DEVELOPER”
CADO SAN JACINTO LLC
a California limited liability company
By: CADO Management LLC
a Delaware limited liability company
its Managing Member
By: Zikakis Asset Management, LLC
a California limited liability company
its Sole Member
By: Capstone Asset Management, Inc.
a California corporation
its Managing Member
By: _____ Dated: ___________, 2014
Name: Alex Zikakis
Title: President
PACKET PAGE: 91
AGENDA ITEM 3A.7
16498.60269\9316632.2
EXHIBIT “A”
TO PUBLIC IMPROVEMENT FEE CREDIT AGREEMENT
(Tracts 31037, 31037-1 and 31037-2)
LEGAL DESCRIPTION OF PROPERTY
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AGENDA ITEM 3A.7
16498.60269\9316632.2
EXHIBIT “B”
TO PUBLIC IMPROVEMENT FEE CREDIT AGREEMENT
(Tracts 31037, 31037-1 and 31037-2)
MAP OF PROPERTY
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AGENDA ITEM 3A.7
16498.60269\9316632.2
EXHIBIT “C”
TO PUBLIC IMPROVEMENT FEE CREDIT AGREEMENT
(Tracts 31037, 31037-1 and 31037-2)
DESCRIPTION AND COST ESTIMATE OF THE IMPROVEMENTS
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AGENDA ITEM 3A.7
16498.60269\9316632.2
EXHIBIT “D”
TO PUBLIC IMPROVEMENT FEE CREDIT AGREEMENT
(Tracts 31037, 31037-1 and 31037-2)
SUMMARY OF DIF FEES
PACKET PAGE: 95
AGENDA ITEM 3A.7
16498.60269\9316632.2
EXHIBIT “E”
TO PUBLIC IMPROVEMENT FEE CREDIT AGREEMENT
(Tracts 31037, 31037-1 and 31037-2)
ASSIGNMENT AND ASSUMPTION AGREEMENT
THIS ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Assignment”)
is made and entered into as of _____________, 20__, by and between CADO SAN
JACINTO, LLC, a California Limited Liability Company (“Assignor”),
and______________________, a ______________________ (“Assignee”).
1. Assignment of Public Improvement Fee Credit Agreement. For good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
Assignor hereby assigns, conveys and transfers to Assignee [all of Assignor’s right, title
and interest in and to] [a portion of Assignor’s right, title and interest, in the precise
amount of $__________ of Fee Credits, pursuant to] that certain Public Improvement
Fee Credit Agreement (Tracts 31037, 31037-1 and 31037-2) entered into between the
CITY OF SAN JACINTO , a California municipal corporation, hereinafter referred to as
the “City,” and Assignor with an Effective Date of October 7, 2014 (the “Fee Credit
Agreement”).
2. Assumption. Assignee assumes and agrees to pay and perform all of the
obligations of Assignor under the Fee Credit Agreement to the extent arising after the
date of this Assignment [and relating to the Fee Credits so assigned].
3. Applicable Law. This Assignment shall be construed under and enforced
in accordance with the laws of the State of California.
4. Binding. This Assignment and all of its terms and provisions shall be
binding upon and inure to the benefit of each of Assignor and Assignee and their
successors and assigns.
5. Counterparts. This Assignment may be executed in any number of
counterparts, each to be an original, but all of which shall constitute one instrument, and
it shall be sufficient if any party hereto signs any such counterpart, so long as each of the
parties hereto executes at least one such counterpart.
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AGENDA ITEM 3A.7
16498.60269\9316632.2
IN WITNESS WHEREOF, the parties have executed this Assignment as of the
date first above written.
“ASSIGNOR”
CADO SAN JACINTO LLC
a California limited liability company
By: CADO Management LLC
a Delaware limited liability company
its Managing Member
By: Zikakis Asset Management, LLC
a California limited liability company
its Sole Member
By: Capstone Asset Management, Inc.
a California corporation
its Managing Member
By: _____
Name: Alex Zikakis
Title: President
“ASSIGNEE”
, a
By:
Name:
Title:
PACKET PAGE: 97
AGENDA ITEM 3A.7
October 7, 2014
TO: The Honorable Mayor and Members of the City Council
FROM: Lynn Merrill, Public Works Special Projects Consultant
Tim Hults, City Manager
SUBJECT: Street Sweeping Parking Enforcement Program
RECOMMENDATION:
Staff recommends that the City Council, by motion, authorize staff to proceed with
securing formal proposals from potential vendors in order to finalize costs and
approaches to establish the Street Sweeping Parking Enforcement Program. Proposals
would be solicited informally from appropriate, high quality vendors. Based on response
from vendors, submit to Council for consideration at November 18th Council meeting.
DISCUSSION:
Street sweeping is considered to be a quality of life and an environmental best
management practice as related to the National Pollution Discharge Elimination System
(NPDES) programs. The process of street sweeping helps the City to remove trash,
leaves and fines from the gutter system, thus reducing potential pollutants from affecting
downstream watersheds while enhancing the aesthetic appearance of the residential
and commercial neighborhoods. However, the effectiveness of the street sweeping
program is severely hampered by parked vehicles which prevent the sweepers from
reaching the gutter line in order to accomplish an effective and efficient sweeping
program. The City is currently subject to implementing various efforts designed to
reduce bacteria and nutrients under the Lake Elsinore / Canyon Lake Total Maximum
Daily Loading (TMDL) which was adopted by the Regional Water Board, and
participates in the Comprehensive Nutrient Reduction Plan (CNRP) that was recently
approved by the Regional Board in 2012. Enhanced street sweeping is a key
component to compliance with both these water quality requirements.
Section 22507.6 of the California Vehicle Code permits local authorities to establish by
ordinance or resolution a prohibition or restriction on the parking or standing of vehicles
for the purpose of street sweeping. Several cities within Riverside County currently
prohibit parking on the day of the street sweeping between the hours of sweeping
operations, typically between 7AM and 3PM. These cities include Perris and Riverside.
The City of Perris has operated their program for over eight years, and issues
approximately 6,400 citations each year. The penalty for a citation is $45.00 if paid
within 21 days, and $90.00 if paid after 21 days. Citations that are not paid within 60
days are automatically forwarded to the Department of Motor Vehicles and a lien is
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AGENDA ITEM 5.1
placed on the vehicle’s registration. This results in approximately 90% recovery rate for
enforcement fines for Perris.
The City of Riverside in August 2013 conducted an audit of the City’s Public Parking
Services Division which included both street sweeping citations and public parking
violations. This audit covered fiscal years 2009/10 through 2012/13. During this time,
Riverside issued 156,477 street sweeping citations. According to the audit report, the
combined street sweeping and parking enforcement programs generate fines of $4.5
million against enforcement expenses of $1,186,400.
FISCAL IMPACT:
The City has conducted a preliminary estimate of the costs and revenues associated
with the establishment of the City’s program, using similar data and information from the
City of Perris. San Jacinto proposes to use third party vendors for both the issuance
and processing of citations. This is different from the City of Perris’ program in that the
City proposes to use an outside parking citation vendor to issue citations versus hiring
an additional employee. The City has received an initial estimate of $45.00 per hour for
a fully equipped, single person parking enforcement officer in a marked vehicle with
appropriate electronic citation issuance and processing equipment.
We estimate that the one-time expenses for establishing the program would be
$114,300 for installation of approximately 500 signs as required by the Vehicle Code, as
well as administrative costs associated with developing the ordinance and establishing
the program. We estimate on-going costs of $231,000.00 per year and up to
$400,000.00 per year in fines, based on potential issuance of approximately 6,000
violations per year. Actual fine amounts would depend on public compliance with the
street sweeping program.
ALTERNATIVES:
The alternative to enhancing street sweeping would be a voluntary program that
focuses on attempting to educate residents via door hangers, or public information
messages. Both are considered to be less effective due to the variability and transient
nature of on-street parking.
ATTACHMENTS:
None.
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AGENDA ITEM 5.1
October 7, 2014
TO: The Honorable Mayor and Members of the City Council
FROM: Tim Hults, City Manager
SUBJECT: Authorization to provide advance written notice to the County of Riverside
requesting public safety service reductions in the event the City does not
receive supplemental revenue
RECOMMENDATION:
Staff recommends that the City Council, by motion:
1. Adopt Resolution No. 3535, authorizing staff to provide advance notice to the
County of Riverside requesting reductions in police and fire services provided
pursuant to agreements with the County of Riverside if the City does not receive
supplemental revenue; and
2. Authorize a 25% reduction in the City’s work force, close City offices every
Friday, reduce customer service hours to 7 hours daily and reduce watering and
maintenance activities at all non-LLPD#2 parks, parkways and medians by 70% if
the City does not receive supplemental revenue.
DISCUSSION
Over the past several years, the City has taken a number of steps, including furloughs,
staff reductions, travel restrictions and the elimination of special events, to bring General
Fund expenditures down. Unfortunately, such measures have not been adequate to keep
pace with the significant revenue reductions that have occurred since 2007. As such, the
City has used its fund balance (reserves) to meet its obligations and maintain services
levels. Such fund balance is now approaching critical levels.
Therefore, the City Council took action to place a Utility Users Tax (UUT) on the
November 4, 2014 ballot. However, should the UUT fail, the Council has directed Staff to
explore extensive cuts to minimize the use of the fund balance in order to balance
operational expenditures with corresponding revenues. In FY 2016/17, without new
revenue or extensive cuts, the City would not be able to meet its obligations.
Going into this fiscal year, the projected use of fund balance was $4.85 million, which
included the subsidy to the public safety CFD. The total General Fund allocation for City
employee salaries and benefits is approximately $4 million. As such, in order to reduce
operational expenditures to balance with corresponding revenues, cuts to public safety
services are necessary.
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AGENDA ITEM 5.2
Staff recommends the following expenditure reductions to minimize the use of fund
balance and approach balancing operational expenditures with corresponding revenues.
The recommended expenditure reductions would have to cross all service functions,
including Police, Fire, and city services. Pursuant to the contract for law enforcement,
Police services can be reduced up to 10 percent of the contract amount. Anything more
than that amount requires 12 month written notice.
The Fire services contract allows for cuts, but does not specify an amount, with 120 days
written notice. While the contract does not specify an amount, state law provides that a
public vote is required prior to terminating fire service. The contract does require that the
proposed positions to be eliminated be identified. As such, staff is recommending that one
station be closed and that all the positions assigned thereto be eliminated.
The public safety cuts noted above would result in an expenditure reduction of about $2.43
million. As such, another $2.4 million in cuts and/or the use of fund balance is necessary
to balance. Therefore, a 25% reduction in the City’s work force would reduce
expenditures by about $1 million. The 25% reduction would be the equivalent of 13 full-
time employees, leaving only 38 employees. With such a drastic cut in personnel, I
recommend that the City offices be closed every Friday and customer service hours be
reduced to 7 hours daily. The remaining hours each day would be devoted to such tasks
as mandatory reporting, file maintenance and document preparation.
Additional expenditure reduction measures include reducing watering and maintenance at
all non-LLPD#2 parks, parkways and medians by 70%. This would result in a savings of
approximately $350,000.
The combined cuts noted above would reduce expenditures by approximately $3.78
million. The remaining balance of $1.07 million could be made up by fund balance and
revenue enhancement measures. Revenue enhancement measures including a
paramedic service fee, charging the water and sewer enterprise for the use of city
facilities, a franchise tow agreement, a street sweeping parking enforcement program and
a DUI reimbursement program have the potential to generate approximately $750,000. All
of those measures are being developed and the Council will see them coming forward in
the next couple of months, regardless of whether the UUT passes or fails.
In closing, if the UUT fails and the cuts noted above are not made, the fund balance on
June 30, 2015 is estimated to be $7.8 million (anticipates that the revenue measures
noted in the immediately preceding paragraph are implemented). Based upon the same
level of expenditures over revenues (including the revenue measures noted in the
immediately preceding paragraph) the City’s entire fund balance, including the asset
replacement fund, would be exhausted in Fiscal Year 2016/17. At that point, the Council
would have no choice but to make even more drastic cuts to avoid insolvency and the
potential ramifications related thereto.
ATTACHMENTS
Resolution No. 3535
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STATE OF CALIFORNIA ) RESOLUTION NO. ______
COUNTY OF RIVERSIDE ) ss
CITY OF SAN JACINTO )
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SAN JACINTO, CALIFORNIA, AUTHORIZING THE
CITY TO PROVIDE ADVANCE NOTICE TO THE COUNTY
OF RIVERSIDE REQUESTING REDUCTIONS IN POLICE
AND FIRE SERVICES PROVIDED PURSUANT TO
AGREEMENTS WITH THE COUNTY OF RIVERSIDE IF
THE CITY DOES NOT RECEIVE SUPPLEMENTAL
REVENUE
WHEREAS, the City of San Jacinto (“City”) contracts with the County of
Riverside (“County”) for police and fire emergency services; and
WHEREAS, the City contracts with the County of Riverside for municipal police
protection and law enforcement services for the City as provided by the Riverside
County Sheriff’s Department pursuant to the Agreement for Law Enforcement Services,
dated July 1, 2009; and
WHEREAS, Paragraph 3.2 of the Agreement for Law Enforcement Services,
dated July 1, 2009, requires that the City provide twelve (12) calendar months’ advance
written notice to the County if the City elects to reduce the level of service provided by
ten percent (10%) or greater; and
WHEREAS, Paragraph 3.2 of the Agreement for Law Enforcement Services,
dated July 1, 2009, does not specify a period of time or form for advance notice required
if the City elects to reduce the level of service provided by less than ten percent (10%),
but the County agrees to reduce the level of service accordingly as soon as it is
practicable; and
WHEREAS, the City contracts with the County of Riverside for fire protection, fire
prevention, rescue and medical emergency services for the City as provided by the
Riverside County Fire Department pursuant to the Cooperative Agreement to Provide
Fire Protection, Fire Prevention, Rescue and Medical Emergency Services for the City
of San Jacinto, dated January 11, 2010; and
WHEREAS, Section III, Paragraph B of the Cooperative Agreement to Provide
Fire Protection, Fire Prevention, Rescue and Medical Emergency Services for the City
of San Jacinto, dated January 11, 2010, requires that the City provide one hundred
twenty (120) days’ advance written notice to the County pursuant to a prescribed format
if the City requests a reduction of fire services; and
WHEREAS, the City desires to provide advance notice to the County, pursuant
to the aforementioned agreements for police and fires services, that if the City does not
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receive supplemental revenue, the City likely will need to reduce services, personnel, or
both assigned to the City.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SAN JACINTO,
CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE AND ORDER AS
FOLLOWS:
Section 1. Recitals. The Recitals set forth above are true and correct and are
hereby incorporated and adopted as findings by the City Council as though fully set
forth herein.
Section 2. Reduction in Police Services. The City Council hereby
authorizes City staff to provide two advance written notices to the County Sheriff of the
Riverside County Sheriff’s Department that the City requests reductions in the level of
service provided pursuant to the Agreement for Law Enforcement Services, dated July
1, 2009, if the City does not receive supplemental revenue. The first notice for
reduction in the level of service shall be for a reduction of just less than ten percent
(10%) and shall not require any specified time period of advance notice. The second
notice for reduction in the level of service shall be for a reduction of greater than ten
percent (10%) and shall require twelve (12) calendar months’ advance written notice.
Section 3. First Notice for Reduction in Police Services. The City elects an
initial reduction in the level of service provided of just less than ten percent (10%).
Because the City’s first elected reduction is less than ten percent (10%), the City
Council hereby authorizes City staff to provide advance written notice to the County as
soon as it is practicable and no specified time period of advance notice shall apply. The
County is bound by Paragraph 3.2 of its agreement with the City to reduce the level of
service accordingly as soon as it is practicable. The City reserves the right to amend
the particulars of the first notice for reduction, based upon supplemental revenue
received, revised plans for the reduction, or other changed circumstances.
Section 4. Second Notice for Reduction in Police Services. The City elects
a secondary reduction in the level of service provided of greater than ten percent (10%).
Because the City’s second elected reduction is greater than ten percent (10%), the City
Council hereby authorizes City staff to provide advance written notice to the County not
less than twelve (12) calendar months prior to the effective date of such reduction,
indicating that such secondary reduction could become effective no earlier than October
8, 2015. By this secondary reduction, the City elects to reduce the level of service to
the minimum level, as determined by County, required to ensure public and officer
safety. The City reserves the right to amend the particulars of the second notice for
reduction, based upon supplemental revenue received, revised plans for the reduction,
or other changed circumstances.
Section 5. Reduction in Fire Services. The City Council hereby authorizes
City staff to provide one hundred twenty (120) days’ advance written notice to the
County Fire Chief of the Riverside County Fire Department that the City requests a
reduction in CAL FIRE or County fire protection and prevention services provided
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pursuant to the Cooperative Agreement to Provide Fire Protection, Fire Prevention,
Rescue and Medical Emergency Services for the City of San Jacinto, dated January 11,
2010, if the City does not receive supplemental revenue.
Section 6. Notice Requesting Reduction in Fire Services. To provide
proper notice pursuant to the City’s agreement with the County, the City’s advance
written notice to the Riverside County Fire Department shall include the following: (1)
the total amount of reduction; (2) the effective date of the reduction; and (3) the number
of employees, by classification, affected by the proposed reduction. At this time, the
City projects the following:
(1) The total amount of the reduction will involve the closure of one (1) fire station
within the City. Either Fire Station 25, located at 132 S. San Jacinto Avenue, or Station
78, located at 2450 W. Cottonwood Avenue, will be closed.
(2) The effective date of the reduction will be February 6, 2015, at the conclusion
of the one hundred twenty (120) days’ advance notice period required.
(3) The number of employees affected by the reduction will be eight (8). These
employees include the staff members of Fire Station 25 and the staff member of Fire
Station 78. The classifications of these eight (8) employees are as follows: one (1)
Captain, one (1) Engineer, one (1) Engineer-Medic, three (3) Firefighter II, and two (2)
Firefighter II-Medic.
The City reserves the right to amend the particulars of the amount of reduction,
effective date, and affected employees, and to provide an amended notice of reduction
to the County, based upon supplemental revenue received, revised plans for the
reduction, or other changed circumstances.
Section 7. CEQA. The City Council hereby finds that this Resolution is
exempt from further environmental review pursuant to the California Environmental
Quality Act (Public Resources Code §§ 21000 et seq.) (“CEQA”) because, pursuant to
section 15378(b)(2) and (5) of the California Code of Regulations, this Resolution does
not constitute a “project” because it constitutes general policy and procedure making
and organizational or administrative activities of government that will not will not result in
direct or indirect potentially significant physical changes in or impact to the environment.
Therefore, City staff is hereby directed to file a Notice of Exemption with the County
Clerk within three (3) days following the adoption of this Resolution.
Section 8. Severability. If any provision or clause of this Resolution or its
application to any particular set of facts or circumstances is held invalid, such invalidity
shall not affect other provisions of this Resolution that can be given effect without the
invalid provision or application, and to this end, the provisions of this Resolution are
declared to be severable.
Section 9. Effective Date. This Resolution shall become effective on the date
on which it is adopted.
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Section 10. Certification. The City Clerk shall certify to the passage and
adoption of this Resolution and enter it into the book of original Resolutions.
PASSED, APPROVED AND ADOPTED, this ____ day of
__________________, 2014, by the following vote:
Ayes:
Nays:
Absent:
Abstain:
City of San Jacinto
__________________________
Alonso Ledezma, Mayor
ATTEST:
__________________________
Richard Miller, City Clerk
APPROVED AS TO FORM:
Best, Best, and Krieger, LLP
____________________________
Jeffrey S. Ballinger, City Attorney
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CERTIFICATION
I, Richard Miller, City Clerk of the City of San Jacinto, do hereby certify that the
foregoing Resolution No. _____ is the actual resolution duly and regularly adopted by
the City Council of the City of San Jacinto at a regular meeting on the ____ day of
______________, 2014.
WITNESS MY HAND AND OFFICIAL SEAL this ____ day of _______________,
2014.
__________________________
Richard Miller, City Clerk
City of San Jacinto
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