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HomeMy WebLinkAboutAgenda - Agenda Packets - Regular Meeting 9/1/2020 AGENDA CITY COUNCIL – REGULAR MEETING TUESDAY, SEPTEMBER 1, 2020 6:30 PM OPEN SESSION PUBLIC TELECONFERENCE NUMBER (951) 465-7684, Conference ID #:528 507 989 # SAN JACINTO CITY HALL 595 S. SAN JACINTO AVE SAN JACINTO, CA 92583 951-487-4330 City of San Jacinto Page 1 Updated 8/27/2020 2:02 PM ANDREW KOTYUK, MAYOR CRYSTAL RUIZ, MAYOR PRO TEM ALONSO LEDEZMA, COUNCILMEMBER JOEL LOPEZ, COUNCILMEMBER RUSS UTZ, COUNCILMEMBER IMPORTANT MESSAGE REGARDING SEPTEMBER 1, 2020 CITY COUNCIL MEETING ***SPECIAL TELECONFERENCING MEETING PROCEDURES*** This meeting is being conducted utilizing teleconferencing and electronic means consistent with State of California Executive Order N-29-20 dated March 17, 2020, regarding the COVID-19 pandemic. The meeting may be joined telephonically by calling (951) 465-7684, Conference ID #:528 507 989#. Submission of Public Comments: For those wishing to make public comments at the September 1, 2020 City Council meeting, please submit your comments by email to be read aloud at the meeting by the City Clerk. Email comments to Sherry Morton at smorton@sanjacintoca.gov. Please put “PUBLIC COMMENT” in the email subject line. Email comments on matters not on the agenda must be received prior to the time the Mayor calls the item for Public Comments. Email comments on the agenda items must be received prior to the time the Mayor closes public comments on the agenda item. All email comments shall be subject to the same rules as would otherwise govern speaker comments at the Council meeting. Electronic comments on agenda items for the August 18, 2020 may only be submitted via email and comments via text and social media (Facebook, Twitter, etc.) will not be accepted. Submission of Public Hearing Comments: Please put “COMMENT FOR PUBLIC HEARING” in the subject line. Reading of Public Comments: The City Clerk shall read all email comments, provided that the reading shall not exceed three (3) minutes, or such other time as the Council may provide, consistent with the time limit for speakers at a Council meeting. The email comments submitted shall become part of the record of the Council meeting. In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the office of the City Clerk at 951-487-7339. Notification 48 hours prior to a meeting will enable the City to make reasonable arrangements to ensure accessibility to that meeting [28 CFR 35.102.35.104 ADA Title II]. City of San Jacinto Page 2 Updated 8/27/2020 2:02 PM 1. ORGANIZATION 1.1. Roll Call 1.2. Invocation 1.3. Pledge of Allegiance 1.4. Mayor / Council Member Reports / Discussions 1.5. Late Items 2. PUBLIC COMMENTS 3. JOINT CONSENT CALENDARS 3.A. Consent Calendar - City Council 3.A.1. Waiver of Full Reading of Ordinance(s), and Reading by Title Only 3.A.2. Minutes of the August 18, 2020 Regular Meeting RECOMMENDATION: Staff recommends that the City Council approve the minutes of the August 18, 2020, Regular City Council meeting. Department: City Clerk 3.A.3. Treasurer’s Report at July 31, 2020 RECOMMENDATION: Receive and File Treasurer’s Report for the month ending July 31, 2020. Department: Finance 3.A.4. Resolution of Intention to Annex Territory known as Commonwealth Crossing into Community Facilities District No. 2003-1 and to Authorize the Levy of Special Taxes Therein RECOMMENDATION: Staff recommends that the City Council adopt the Resolution of Intention to Annex Territory (Commonwealth Crossing) into Community Facilities District No. 2003-1 and Authorize the Levy of Special Taxes therein. Department: Finance 3.A.5. Local Road Safety Plan Budget Request RECOMMENDATION: Staff recommends that the City Council authorize a budget appropriation for the Local Road Safety Plan (CP-002) in the amount of $72,000 in both revenue and expenditures for the grant-funded portion of the project. Department: Engineering City of San Jacinto Page 3 Updated 8/27/2020 2:02 PM 3.A.6. Hewitt Street Rehabilitation Project (CIP 07-011) San Jacinto Valley Master Drainage Plan Line D-2 Extension RECOMMENDATION: Staff recommends that City Council approve the Funding Agreement with Riverside County Flood Control District for the San Jacinto Master Drainage Plan Line D-2 extension and authorize the City Manager execute the agreement. Department: Engineering 3.A.7. Luiseno Village Retail Center RECOMMENDATION: Staff recommends that the City Council approve the Grading, Erosion and Sediment Control Security Agreement for Soboba Band of Luiseño Indians for the development of SPDR 17-17 - Luiseño Village Retail Center; located at the southwest corner of Main Street and Ramona Expressway. Department: Engineering 3.B. Consent Calendar - Successor Agency to the Redevelopment Agency of the City of San Jacinto 4. DISCUSSION ITEMS 4.1. Investment Portfolio Review with Advisors RECOMMENDATION: Receive and file. Department: Finance 4.2. Statement of Investment Policy RECOMMENDATION: Staff recommends Council approve the revised Statement of Investment Policy and adopt Resolution No. 3831. Department: Finance 4.3. Proposed Water and Wastewater Increase RECOMMENDATION: Staff recommends that the City Council adopt Resolution 3829, approving rate increases pursuant to the recent Water and Wastewater Rate Study prepared by Raftelis. The water rate increase is proposed at Scenario Two (50% CIP funding), and the wastewater rate increase is proposed at 100% CIP funding. Due to an oversight in the Proposition 218 notice, the wastewater increase will be for year one only. Both increases are proposed to become effective October 1, 2020, unless the City Council approves an alternate effective date. Department: Finance 4.4. Art in Public Places - Cabinet Beautification Pilot Program City of San Jacinto Page 4 Updated 8/27/2020 2:02 PM RECOMMENDATION: That the City Council: 1. APPROVE the Artwork and Budget Allocation of $5,000 for the Cabinet Beautification Pilot Program for Five Points Intersection; and 2. AUTHORIZE staff to engage the San Jacinto Unified School District to explore a “Tiger Pride” Cabinet Beautification project for the utility cabinet located adjacent to San Jacinto High School at Ramona Boulevard and Tiger Lane. The final design to be approved by the City Council at a later date. Department: Community Development 4.5. Hit and Miss Western Standard Gas Engine RECOMMENDATION: That the City Council discuss the opportunity and provide direction to the City Manager: (1) Inform Ms. Abinider that the City declines the donation; or (2) Increase APPROPRIATIONS by $2,100 and AUTHORIZE the City Manager to execute an agreement with JM Research & Consulting to complete an analysis of the Secretary of the Interior’s Standards for the placement of a Hit and Miss Engine within the Fransicsco Estudillo Heritage Park. If it is found that there is no negative impact, consult with the Docents. Department: City Manager 5. CITY MANAGER UPDATE 6. FUTURE REQUESTS FROM CITY COUNCIL TO STAFF 7. ADJOURNMENT DOCUMENTS RELATED TO OPEN SESSION AGENDAS (SB343) - 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, Julia Espinoza, Records Clerk of the City of San Jacinto, do hereby certify that I caused to be posted the foregoing agenda this 27th day of August 2020 as requested by law. Julia Espinoza, Records Clerk September 1, 2020 TO: City Council REQUESTED BY: Sherry Morton, City Clerk APPROVED BY: Robert A. Johnson, City Manager SUBJECT: August 18, 2020 Regular Minutes RECOMMENDATION: Staff recommends that the City Council approve the minutes of the August 18, 2020, Regular City Council meeting. ATTACHMENTS: 8-18-20 Regular Meeting Minutes 3.A.2 Packet Pg. 5 ACTION MINUTES CITY COUNCIL – REGULAR MEETING TUESDAY, AUGUST 18, 2020 6:30 PM OPEN SESSION – TELEPHONICALLY (951) 465-7684, Conference ID #:116 514 578 # SAN JACINTO CITY HALL 595 SAN JACINTO AVE. SAN JACINTO, CA 92583 951-487-7330 1. ORGANIZATION Mayor Andrew Kotyuk called the meeting to order at 6:31 pm. 1.1 Roll Call Interim City Clerk Sherry Morton conducted the roll call: Teleconferenced in: Mayor Andrew Kotyuk, Councilmember Russ Utz, Mayor Pro Tem Crystal Ruiz Absent: Councilmember Alonso Ledezma and Councilmember Joel Lopez M/S/C (Ruiz/Kotyuk) moved to excuse the absence of Councilmember Ledezma. Motion carried 3/0. Ayes: Ruiz, Utz, Kotyuk Nays: None Absent: Ledezma, Lopez Abstain: None 1.2 Invocation Mayor Pro Tem Ruiz gave the invocation. 1.3 Pledge of Allegiance The Pledge of Allegiance was led by Councilmember Utz. ANDREW KOTYUK, MAYOR CRYSTAL RUIZ, MAYOR PRO TEM ALONSO LEDEZMA, COUNCILMEMBER JOEL LOPEZ, COUNCILMEMBER RUSS UTZ, COUNCILMEMBER 3.A.2.a Packet Pg. 6 Attachment: 8-18-20 Regular Meeting Minutes (August 18, 2020 Regular Minutes) Councilmember Lopez joined the meeting at 6:35 pm. 1.4 Special Presentation 1.4.1 Introduction of Battalion Chief Tovar 1.5 Mayor/Council Member Reports/Discussions Councilmembers provided their reports. 1.6 Late Items There were no late items. 2. PUBLIC COMMENTS There were two public comments submitted electronically:  Myiesha Lacy  Jeremy Fontes 3. JOINT CONSENT CALENDARS City Council Consent Calendar Item 3.A. and Successor Agency Item 3.B. Consent Calendars were heard concurrently. 3.A. Consent Calendar – City Council 3.A.1. Waiver of Full Reading of Ordinance(s), and Reading b y Title Only 3.A.2. Minutes of Regular City Council Meeting of August 4, 2020/City Clerk/Approve 3.A.3. Warrants and Disbursements – July 2020/Finance/Approve 3.A.4. A Proposal by DSW Corporation to Consider Tentative Tract Map 37820, A Proposal to Reconfigure 16 Existing Single Family Residential Lots, and Summary Vacations for a Portion of 7th Street and Stella Lane. (P19-031)/Community Development/Approve 3.A.5. Adoption of Resolution No. 3827, Compliance with the Annual Inspection of Certain Occupancies Pursuant to Section 13146.2 and 13146.3 of the California Health and Safety Code/Fire Marshal/Approve 3.B Consent Calendar – Successor Agency to the Redevelopment Agency of the City of San Jacinto Mayor Kotyuk recused himself from Agenda Item 3. A.3. Warrants and Disbursements, Line Item 129925. 3.A.2.a Packet Pg. 7 Attachment: 8-18-20 Regular Meeting Minutes (August 18, 2020 Regular Minutes) M/S/C (Ruiz/Utz) moved to approve the Consent Calendar. Motion carried 4/0. Ayes: Kotyuk, Utz, Lopez, Ruiz Nays: None Absent: Ledezma Abstain: None 4. DISCUSSION ITEM 4.1. Maravilla Indemnification Agreement City Manager Robert A. Johnson presented the staff report. M/S/C (Ruiz/Utz) made a motion to approve and authorize the City Manager to execute and implement the Secured Agreement to Indemnify and Hold Harmless with Maravilla Partners, LLC., relative to Tentative Tract Map No. 28224, as recommended in the staff report. Motion carried 4/0. Ayes: Kotyuk, Utz, Lopez, Ruiz Nays: None Absent: Ledezma Abstain: None 5. PUBLIC HEARING 5.1. Proposed Water and Wastewater Rate Increase City Manager Robert A. Johnson, Chief of Public Utilities Arthur Mullen, Finance Director Michelle Holmes, and Raftelis presented the staff report. There were no public comments received and the public hearing was closed. Interim City Clerk Sherry Morton tabulated the protests and reported that three protests in opposition to the proposed water and wastewater increases were received. Following discussion, a motion was made by Councilmember Utz to continue discussion of the proposed water and wastewater rate increase to the September 1, 2020, City Council meeting when Councilmember Ledezma can be in attendance. Motion failed due to lack of a second. Following further discussion, a motion was made by Councilmember Lopez to approve the proposed water and wastewater increase as recommended in the staff report. Motion failed due to lack of a second. M/S/C (Utz/Ruiz) made a motion to continue discussion of the proposed water and wastewater rate increase to the September 1, 2020, City Council meeting when Councilmember Ledezma can be in attendance. Motion carried 4/0. Ayes: Kotyuk, Utz, Lopez, Ruiz Nays: None Absent: Ledezma Abstain: None 3.A.2.a Packet Pg. 8 Attachment: 8-18-20 Regular Meeting Minutes (August 18, 2020 Regular Minutes) 6. FUTURE REQUESTS FROM CITY COUNCIL TO STAFF  There were no future requests from the City Council. 7. ADJOURNMENT With no further business before the City Council, Mayor Kotyuk adjourned the Regular Meeting of the City Council at 8:21 pm. CITY OF SAN JACINTO: ________________________ Andrew Kotyuk, Mayor ATTEST: ________________________ City Clerk Approved as read: Approved as amended: 3.A.2.a Packet Pg. 9 Attachment: 8-18-20 Regular Meeting Minutes (August 18, 2020 Regular Minutes) September 1, 2020 TO: City Council REQUESTED BY: Tom Prill, Deputy City Manager APPROVED BY: Robert A. Johnson, City Manager SUBJECT: Treasurer’s Report at July 31, 2020 RECOMMENDATION: Receive and File Treasurer’s Report for the month ending July 31, 2020. 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 4.49% during the month. This includes cash, cash in bank, and cash with trustee. The attached Treasurer’s report is a “snapshot” report of the City’s cash position on the last day of the month in all City accounts. A section demonstrating compliance with the adopted Investment Policy, and a chart depicting historical interest rates for certain positions is also included. Detailed statements of investments from Chandler Asset Management and Public Trust Advisors have also been included. FISCAL IMPACT: None. ATTACHMENTS: 2020-21 July Treasurers Report with signature July 2020 July 2020 3.A.3 Packet Pg. 10 TREASURER'S REPORT FOR THE MONTH ENDING JULY 31, 2020 6/30/2020 7/31/2020 % change 7/31/2020 COMPUTED INVESTMENT INSTITUTION INTEREST JULY PURCHASE MATURITY PREV. MONTH CURRENT from prior MARKET ACCR. INT.AVERAGE TYPE SERIAL #RATE YIELD INTEREST DATE DATE BALANCE BALANCE month VALUE & MKT. VALUE DURATION STATE POOL L.A.I.F.1.167%1.173%$15,202 Various Open $15,313,604 N $15,369,480 0.36%$15,384,682 $15,202 MONEY MARKET Bank of Hemet 0.150%0.150%$1,077 Various Open $9,477,638 Q $6,708,715 -29.22%$6,708,715 $0 DEMAND Acct - old Bank of Hemet 0.000%0.000%N/A Various Open $428,163 Q $732,916 71.18%$732,916 $0 DEMAND Acct - new Bank of Hemet 0.000%0.000%N/A Various Open $426,161 Q $43,430 -89.81%$43,430 $0 PAYROLL Account Bank of Hemet 0.000%0.000%N/A Various Open $147,141 Q $15,113 -89.73%$15,113 $0 MONEY MARKET Mechanics Bank 0.050%0.050%$0 Various Open $76,727 Q $27,624 -64.00%$27,624 $0 MONEY MARKET Mechanics Bank 0.080%0.080%$22 Various Open $327,240 Q $302,710 -7.50%$302,710 $0 CCA Lockbox River City Bank 0.000%0.000%$0 Various Open $1,568,311 Q $1,777,599 13.34%$1,777,599 $0 MANAGED Acct - CAM Chandler / U.S. Bank - Gov't Ob Fund 0.010%0.010%$1 Various Various $29,376 L $144,488 391.86%$144,488 $0 0.00 MANAGED Acct - CAM Chandler / U.S. Bank - Agency 1.790%1.805%$6,385 Various Various $4,836,595 C $4,853,740 0.35%$5,063,064 $209,324 2.83 MANAGED Acct - CAM Chandler / U.S. Bank - Commercial 0.000%0.000%$0 Various Various $0 E $0 0.00%$0 $0 0.00 MANAGED Acct - CAM Chandler / U.S. Bank - US Corporate 2.470%2.498%$10,030 Various Various $2,300,353 F $2,300,353 0.00%$2,377,569 $77,216 1.56 MANAGED Acct - CAM Chandler / U.S. Bank - US Treasury 1.780%1.795%$4,894 Various Various $3,249,525 A $3,094,344 -4.78%$3,245,718 $151,374 2.98 MANAGED Acct - CAM Chandler / U.S. Bank - Asset-Backed Sec.1.810%1.825%$0 Various Various $448,949 J $498,272 10.99%$506,393 $8,121 1.37 MANAGED Acct - PTA PTA / U.S. Bank - Gov't Ob Fund 0.010%0.010%$0 Various Various $46,122 L $74,620 61.79%$74,620 $0 0.00 MANAGED Acct - PTA PTA / U.S. Bank - Agency Bond 0.846%0.849%$1,706 Various Various $2,290,441 C $2,290,441 0.00%$2,334,818 $44,377 2.89 MANAGED Acct - PTA PTA / U.S. Bank - Agency CMBS 2.563%2.593%$686 Various Various $319,688 C $319,688 0.00%$332,999 $13,311 2.00 MANAGED Acct - PTA PTA / U.S. Bank - Agency SPC 2.062%2.082%$1,338 Various Various $547,557 C $547,557 0.00%$570,697 $23,140 3.01 MANAGED Acct - PTA PTA / U.S. Bank - US Corporate 1.185%1.191%$3,600 Various Various $869,410 F $869,410 0.00%$887,443 $18,033 1.47 MANAGED Acct - PTA PTA / U.S. Bank - US Treasury 1.808%1.823%$21,272 Various Various $6,871,364 A $6,871,364 0.00%$7,141,659 $270,295 2.45 MANAGED Acct - PTA PTA / U.S. Bank - Municipal Bonds 0.000%0.000%$0 Various Various $0 D $0 0.00%$0 $0 0.00 MANAGED Acct - PTA PTA / U.S. Bank - Asset-Backed Sec.0.000%0.000%$0 Various Various $0 J $0 0.00%$0 $0 0.00 CASH Cash in EOC Lockbox 0.000%0.000%N/A Various n/a $5,000 Q $5,000 0.00%$5,000 $0 CASH Cash on Hand 0.000%0.000%N/A Various n/a $850 Q $850 0.00%$850 $0 TOTAL CITY INVESTMENTS & FUNDS 1.194%1.201%$66,213 $49,580,215 $46,847,714 -5.51%$47,678,105 $830,391 Annual Return Based on Previous Month Balance 1.023% RESTRICTED CASH WITH FISCAL AGENT (BOND FUNDS) Trustee STREETLIGHT ACQUISITION Mutual Fund Wilmington Blackrock Liquidity FundsXXXXX3-00X 0.010%0.010%Various Open $72,364 K $52,732 -27.13%$52,732 $0 CFD NO. 2002-1 Mutual Fund Union Bank Blackrock Prov. T-Fund XXXX16090X 0.060%0.060%Various Open $1,843,888 K $1,844,044 0.01%$1,844,044 $0 2005 RDA SAN JACINTO TAX ALLOCATION BONDS Mutual Fund Union Bank Blackrock Prov. T-Fund XXXX75750X 0.060%0.060%Various Open $29 K $442,250 1524900.00%$442,250 $0 TOTAL CASH WITH FISCAL AGENT $1,916,281 $2,339,026 22.06%$2,339,026 $0 TOTAL ALL FUNDS $51,496,496 $49,186,740 -4.49%$50,017,131 $830,391 PAGE 1 3.A.3.a Packet Pg. 11 Attachment: 2020-21 July Treasurers Report with signature (Treasurer’s Report at July 31, 2020) TREASURER'S REPORT FOR THE MONTH ENDING JULY 31, 2020 6/30/2020 7/31/2020 % change 7/31/2020 COMPUTED INVESTMENT INSTITUTION INTEREST JULY PURCHASE MATURITY PREV. MONTH CURRENT from prior MARKET ACCR. INT.AVERAGE TYPE SERIAL #RATE YIELD INTEREST DATE DATE BALANCE BALANCE month VALUE & MKT. VALUE DURATION PER INVESTMENT POLICY:Maximum %Current %In Compliance? Level 1 - Investments U.S. Treasury Bills, Notes and Bonds 100%20%Yes A $9,965,708 Negotiable CDs 30%0%Yes B $0 Obligations issued by U.S. Government Agencies 100%16%Yes C $8,011,426 Municipal Bonds 100%0%Yes D $0 Commercial Paper 25%0%Yes E $0 Medium Term Notes 30%6%Yes F $3,169,763 Repurchase Agreements 100%0%Yes G $0 Banker's Acceptances 40%0%Yes H $0 Time Deposits & CDARS 30%0%Yes I $0 Mortgage pass-through / asset-backed securities 20%1%Yes J $498,272 Mutual Funds (Limited to U.S. Treasuries)18%5%Yes K $2,339,026 Mutual Funds (Limited to U.S. Govt. Sec.)18%0%Yes L $219,108 Level 2 - Investments Money Market Funds (non-brokered)20%0%Yes M $0 LAIF 70%31%Yes N $15,369,480 RCIF 70%0%Yes O $0 Other JPA Pool 50%0%Yes P $0 Cash & Demand Accounts n/a n/a n/a Q $9,613,957 $49,186,740 I CERTIFY THAT THESE INVESTMENTS COMPLY WITH ALL STATE LAWS PERTAINING TO THE INVESTMENT OF LOCAL AGENCY FUNDS AND THE CITY OF SAN JACINTO'S INVESTMENT POLICIES. CITY OF SAN JACINTO MEETS OR EXCEEDS THE SIX MONTH CASH FLOW REQUIREMENTS AS PER GOVERNMENT CODE 53646(b)(3). KALEENA RICHARDS, TREASURER City of San Jacinto Reviewed By: Deputy City Manager - August 25, 2020 PAGE 2 3.A.3.a Packet Pg. 12 Attachment: 2020-21 July Treasurers Report with signature (Treasurer’s Report at July 31, 2020) MONTHLY ACCOUNT STATEMENT City of San Jacinto - Account #10167 JULY 1, 2020 THROUGH JULY 31, 2020 Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures. CHANDLER ASSET MANAGEMENT chandlerasset.com Chandler Team: For questions about your account, please call (800) 317-4747, or contact operations@chandlerasset.com Custodian US Bank Christopher Isles (503) 464-3685 3.A.3.b Packet Pg. 13 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) ACCOUNT SUMMARY Beg. Values as of 6/30/20 End Values as of 7/31/20 Market Value 11,263,756 11,286,803 Accrued Interest 54,646 50,428 Total Market Value 11,318,402 11,337,231 Income Earned 17,683 17,698 Cont/WD -1,047 Par 10,804,400 10,828,581 Book Value 10,868,631 10,892,465 Cost Value 10,864,798 10,891,197 TOP ISSUERS Government of United States 28.6% Federal Home Loan Bank 21.4% Federal National Mortgage Assoc 15.8% Federal Home Loan Mortgage Corp 7.5% Apple Inc 1.9% Wal-Mart Stores 1.8% Oracle Corp 1.8% Deere & Company 1.5% Total 80.2% PORTFOLIO CHARACTERISTICS Average Modified Duration 2.50 Average Coupon 2.03% Average Purchase YTM 1.91% Average Market YTM 0.27% Average S&P/Moody Rating AA/Aa1 Average Final Maturity 2.67 yrs Average Life 2.59 yrs CREDIT QUALITY (S&P)MATURITY DISTRIBUTIONSECTOR ALLOCATION Portfolio Summary As of July 31, 2020 City of San Jacinto Account #10167 PERFORMANCE REVIEW Annualized TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS 6/30/2012 City of San Jacinto 0.18%0.69%3.86%5.19%4.62%3.13%2.27%N/A 1.68% City of San Jacinto 1-5 Year Govt Blended Index*0.15%0.36%3.28%4.52%4.18%2.72%1.90%N/A 1.42% City of San Jacinto 1-5 Yr Corp/Gov AAA-A Blend**0.22%0.62%3.21%4.53%4.29%2.84%2.06%N/A 1.60% *ICE BAML 1-3 Yr US Treasury Index to 3/31/2020; then ICE BAML 1-5 Yr US Treasury/Agency thereafter. **ICE BAML 1-3 Yr US Corp/Govt Rated AAA-A Index to 3/31/2020; then ICE BAML 1-5 Yr US Corp/Govt Rated AAA-A Index thereafter. Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 1 3.A.3.b Packet Pg. 14 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Category Standard Comment Municipal Securities "A" rating category or better by a NRSRO; 30% maximum; 5% max per issuer Complies Treasury Issues No Limitation Complies Agency Issues No Limitation Complies Supranationals "AA" rated or better by a NRSRO; 30% maximum; 10% max per issuer; U.S. dollar denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and Development ("IBRD"), the International Finance Corporation ("IFC") or the Inter-American Development Bank ("IADB") Complies Banker’s Acceptances "A-1" short term debt rated or higher by at least two NRSROs; and "A" long-term debt rated or higher by at least two NRSROs; 40% maximum; 5% max per issuer; 180 days max maturity Complies Commercial Paper "A-1" short term debt rated or higher by at least two NRSROs; and "A" long-term debt rated or higher by at least two NRSROs; 25% maximum; 5% max per issuer; 270 days max maturity; Issuer is a corporation organized and operating in the U.S. with assets > $500 million Complies Negotiable Certificates of Deposit "A" long-term issuer rated category or higher by at least two NRSROs; and/or "A-1" short term rated or higher by at least two NRSROs; 30% maximum; 5% max per issuer Complies Federally Insured Certificates of Deposit (CDs)/ Time Deposit (TDs) 20% maximum (combined FDIC insured and collateralized TD/ CD); Amount per institution is limited to maximum covered under federal insurance Complies Collateralized Certificates of Deposit (CDs)/Time Deposit (TDs)/ "A" long-term debt rated category or higher by at least two NRSROs; and/or "A-1" short term debt rated or higher by at least two NRSROs; 20% maximum (combined FDIC and collateralized TD/ CD)Complies Corporate Medium Term Notes "A" rated category or better by at least two NRSROs; 30% maximum; 5% max per issuer; Issued by corporations organized and operating within the U.S. or by depository institutions licensed by the U.S. or any state and operating within the U.S. Complies Mutual Fund & Money Market Mutual Fund Highest rating or "AAA" rated by two NRSROs; SEC registered adviser with AUM >$500 million and experience > 5 years; 20% maximum in Mutual Funds and Money Market Mutual Funds; 10% max per one Mutual Fund; 20% max in Money Market Mutual Fund Complies Asset-Backed (ABS), Mortgage-Backed Securities; Mortgage Pass-Throughs; Collateralized Mortgage Obligations (CMOs) "AA" rated category or better by at least two NRSROs; "A" issuer debt rated category or higher by at least two NRSROs; 20% maximum; 5% max per issuer Complies Local Agency Investment Fund (LAIF)70% of the portfolio may be invested in LAIF, up to the maximum permitted balance; Not used by investment adviser Complies Local Government Investment Pools and Joint Powers Authority Pools Riverside County Investment Fund- 70% max of the total portfolio JPA Pools- 50% max of the total portfolio Repurchase Agreements 102% collateralized; 1 year max maturity Complies Prohibited Securities Inverse floaters; Ranges notes, Interest-only strips from mortgaged backed securities; Zero interest accrual securities; Margin purchasing or selling; Reverse repurchase agreements; Foreign currency denominated securities Complies Max Callables 20% maximum callable securities (does not include "make whole call" securities)Complies Max Per Issuer 5% of portfolio per issuer (except U.S. Government, its Agencies and enterprises, Money Market Mutual Funds, Mutual Funds, LAIF, LGIP, Supranationals, or unless otherwise specified in the investment policy)Complies Maximum maturity 5 years Complies City of San Jacinto As of July 31, 2020 Assets managed by Chandler Asset Management are in full compliance with state law and with the City's investment policy. Statement of Compliance 3.A.3.b Packet Pg. 15 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) BOOK VALUE RECONCILIATION BEGINNING BOOK VALUE $10,868,631.13 Acquisition + Security Purchases $224,269.86 + Money Market Fund Purchases $340,428.39 + Money Market Contributions $0.00 + Security Contributions $0.00 + Security Transfers $0.00 Total Acquisitions $564,698.25 Dispositions - Security Sales $161,618.75 - Money Market Fund Sales $224,269.86 - MMF Withdrawals $1,046.58 - Security Withdrawals $0.00 - Security Transfers $0.00 - Other Dispositions $0.00 - Maturites $125,000.00 - Calls $0.00 - Principal Paydowns $30,930.85 Total Dispositions $542,866.04 Amortization/Accretion +/- Net Accretion ($963.39) ($963.39) Gain/Loss on Dispositions +/- Realized Gain/Loss $2,964.69 $2,964.69 ENDING BOOK VALUE $10,892,464.64 CASH TRANSACTION SUMMARY BEGINNING BALANCE $29,376.39 Acquisition Contributions $0.00 Security Sale Proceeds $161,618.75 Accrued Interest Received $855.49 Interest Received $22,022.41 Dividend Received $0.89 Principal on Maturities $125,000.00 Interest on Maturities $0.00 Calls/Redemption (Principal)$0.00 Interest from Calls/Redemption $0.00 Principal Paydown $30,930.85 Total Acquisitions $340,428.39 Dispositions Withdrawals $1,046.58 Security Purchase $224,269.86 Accrued Interest Paid $0.00 Total Dispositions $225,316.44 ENDING BOOK VALUE $144,488.34 Reconciliation Summary As of July 31, 2020 City of San Jacinto California Account #10167 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 3 3.A.3.b Packet Pg. 16 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Holdings Report As of July 31, 2020 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 ABS 47788BAD6 John Deere Owner Trust 2017-B A3 1.82% Due 10/15/2021 9,253.08 07/26/2018 3.16% 9,115.37 9,201.42 100.15 0.53% 9,266.54 7.48 0.08% 65.12 Aaa / NR AAA 1.21 0.11 47789JAB2 John Deere Owner Trust 2019-A A2 2.85% Due 12/15/2021 12,425.17 03/05/2019 2.87% 12,424.61 12,424.89 100.38 0.27% 12,472.87 15.74 0.11% 47.98 Aaa / NR AAA 1.38 0.15 89238KAD4 Toyota Auto Receivables Trust 2017-D A3 1.93% Due 1/18/2022 37,270.43 10/17/2019 1.97% 37,261.69 37,264.73 100.52 0.16% 37,464.80 25.98 0.33% 200.07 Aaa / AAA NR 1.47 0.29 43815HAC1 Honda Auto Receivables Trust 2018-3 A3 2.95% Due 8/22/2022 51,722.77 08/21/2018 2.98% 51,715.69 51,719.12 101.62 0.26% 52,560.76 42.38 0.46% 841.64 Aaa / NR AAA 2.06 0.60 65478WAE5 Nissan Auto Receivables Trust 2016-C A4 1.38% Due 1/17/2023 43,420.94 04/16/2019 2.56% 42,779.80 43,111.28 100.11 0.11% 43,467.05 26.63 0.38% 355.77 Aaa / NR AAA 2.47 0.08 43815NAC8 Honda Auto Receivables Trust 2019-3 A3 1.78% Due 8/15/2023 80,000.00 08/20/2019 1.79% 79,999.34 79,999.54 102.07 0.46% 81,659.12 63.29 0.72% 1,659.58 Aaa / AAA NR 3.04 1.55 477870AC3 John Deere Owner Trust 2019-B A3 2.21% Due 12/15/2023 40,000.00 07/16/2019 2.23% 39,991.51 39,993.49 102.63 0.33% 41,051.24 39.29 0.36% 1,057.75 Aaa / NR AAA 3.38 1.38 65479JAD5 Nissan Auto Receivables Owner 2019-C A3 1.93% Due 7/15/2024 85,000.00 10/16/2019 1.94% 84,995.51 84,996.25 102.84 0.40% 87,413.92 72.91 0.77% 2,417.67 Aaa / AAA NR 3.96 1.83 47789KAC7 John Deere Owner Trust 2020-A A3 1.1% Due 8/15/2024 60,000.00 03/04/2020 1.11% 59,996.33 59,996.65 101.03 0.61% 60,616.44 29.33 0.53% 619.79 Aaa / NR AAA 4.04 2.07 89237VAB5 Toyota Auto Receivables Trust 2020-C A3 0.44% Due 10/15/2024 55,000.00 07/21/2020 0.44% 54,995.77 54,995.78 100.13 0.38% 55,070.90 2.69 0.49% 75.12 Aaa / AAA NR 4.21 2.12 47787NAC3 John Deere Owner Trust 2020-B A3 0.51% Due 11/15/2024 25,000.00 07/14/2020 0.52% 24,996.19 24,996.22 100.08 0.48% 25,020.05 3.19 0.22% 23.83 Aaa / NR AAA 4.30 2.32 Total ABS 499,092.39 1.81% 498,271.81 498,699.37 0.37% 506,063.69 328.91 4.47% 7,364.32 Aaa / AAA AAA 3.19 1.37 AGENCY 3137EAEK1 FHLMC Note 1.875% Due 11/17/2020 225,000.00 01/18/2018 2.19% 223,042.50 224,795.34 100.51 0.13% 226,157.63 867.19 2.00% 1,362.29 Aaa / AA+ AAA 0.30 0.29 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 4 3.A.3.b Packet Pg. 17 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Holdings Report As of July 31, 2020 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 AGENCY 3130A3UQ5 FHLB Note 1.875% Due 12/11/2020 225,000.00 01/28/2016 1.53% 228,642.75 225,270.44 100.63 0.14% 226,408.95 585.94 2.00% 1,138.51 Aaa / AA+ NR 0.36 0.36 3130A7CV5 FHLB Note 1.375% Due 2/18/2021 200,000.00 03/10/2016 1.61% 197,812.00 199,756.35 100.68 0.13% 201,365.80 1,245.14 1.79% 1,609.45 Aaa / AA+ AAA 0.55 0.54 3135G0N82 FNMA Note 1.25% Due 8/17/2021 315,000.00 01/26/2017 2.02% 304,579.80 312,606.93 101.15 0.15% 318,613.37 1,793.75 2.83% 6,006.44 Aaa / AA+ AAA 1.05 1.03 313378WG2 FHLB Note 2.5% Due 3/11/2022 300,000.00 03/13/2018 2.65% 298,323.00 299,324.83 103.71 0.19% 311,137.20 2,916.67 2.77% 11,812.37 Aaa / AA+ NR 1.61 1.57 313379Q69 FHLB Note 2.125% Due 6/10/2022 200,000.00 06/20/2017 1.87% 202,370.00 200,885.32 103.54 0.22% 207,080.20 602.08 1.83% 6,194.88 Aaa / AA+ AAA 1.86 1.83 3135G0W33 FNMA Note 1.375% Due 9/6/2022 200,000.00 09/05/2019 1.49% 199,304.00 199,513.56 102.52 0.17% 205,049.80 1,107.64 1.82% 5,536.24 Aaa / AA+ AAA 2.10 2.06 3130A3KM5 FHLB Note 2.5% Due 12/9/2022 100,000.00 09/10/2019 1.60% 102,813.00 102,044.95 105.35 0.22% 105,351.80 361.11 0.93% 3,306.85 Aaa / AA+ NR 2.36 2.29 3135G0T94 FNMA Note 2.375% Due 1/19/2023 290,000.00 10/17/2018 3.07% 281,993.10 285,354.66 105.40 0.18% 305,668.12 229.58 2.70% 20,313.46 Aaa / AA+ AAA 2.47 2.41 3137EAEN5 FHLMC Note 2.75% Due 6/19/2023 200,000.00 11/13/2018 3.08% 197,176.00 198,229.53 107.30 0.21% 214,592.80 641.67 1.90% 16,363.27 Aaa / AA+ AAA 2.88 2.78 313383YJ4 FHLB Note 3.375% Due 9/8/2023 200,000.00 12/27/2018 2.73% 205,630.00 203,719.41 109.73 0.22% 219,469.00 2,681.25 1.96% 15,749.59 Aaa / AA+ NR 3.11 2.94 3130A0F70 FHLB Note 3.375% Due 12/8/2023 220,000.00 01/30/2019 2.71% 226,593.40 224,554.36 110.34 0.27% 242,748.44 1,093.13 2.15% 18,194.08 Aaa / AA+ AAA 3.36 3.19 3135G0V34 FNMA Note 2.5% Due 2/5/2024 375,000.00 03/24/2020 0.82% 398,835.00 396,657.44 107.79 0.27% 404,222.25 4,583.33 3.61% 7,564.81 Aaa / AA+ AAA 3.52 3.35 3130A1XJ2 FHLB Note 2.875% Due 6/14/2024 210,000.00 Various 1.96% 219,055.20 217,018.66 109.74 0.34% 230,456.94 788.22 2.04% 13,438.28 Aaa / AA+ NR 3.87 3.68 3130A2UW4 FHLB Note 2.875% Due 9/13/2024 150,000.00 10/29/2019 1.76% 157,737.00 156,537.33 110.15 0.39% 165,217.95 1,653.13 1.47% 8,680.62 Aaa / AA+ AAA 4.12 3.88 3130A3GE8 FHLB Note 2.75% Due 12/13/2024 250,000.00 12/16/2019 1.77% 261,672.50 260,212.64 110.37 0.35% 275,933.00 916.67 2.44% 15,720.36 Aaa / AA+ NR 4.37 4.14 3135G0X24 FNMA Note 1.625% Due 1/7/2025 225,000.00 01/16/2020 1.69% 224,298.00 224,374.11 105.48 0.38% 237,339.68 243.75 2.10% 12,965.57 Aaa / AA+ AAA 4.44 4.29 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 5 3.A.3.b Packet Pg. 18 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Holdings Report As of July 31, 2020 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 AGENCY 3137EAEP0 FHLMC Note 1.5% Due 2/12/2025 245,000.00 02/13/2020 1.52% 244,811.35 244,828.82 105.05 0.38% 257,367.85 1,704.79 2.29% 12,539.03 Aaa / NR AAA 4.54 4.36 3135G03U5 FNMA Note 0.625% Due 4/22/2025 310,000.00 Various 0.63% 309,949.40 309,960.66 101.04 0.40% 313,237.33 522.05 2.77% 3,276.67 Aaa / AA+ AAA 4.73 4.65 3130AJKW8 FHLB Note 0.5% Due 6/13/2025 225,000.00 06/24/2020 0.52% 224,824.50 224,828.08 100.46 0.40% 226,030.73 268.75 2.00% 1,202.65 Aaa / AA+ AAA 4.87 4.80 3137EAEU9 FHLMC Note 0.375% Due 7/21/2025 145,000.00 07/21/2020 0.48% 144,277.90 144,281.46 99.86 0.40% 144,797.73 12.08 1.28% 516.27 Aaa / AA+ AAA 4.98 4.92 Total Agency 4,810,000.00 1.79% 4,853,740.40 4,854,754.88 0.26% 5,038,246.57 24,817.92 44.66% 183,491.69 Aaa / AA+ AAA 2.93 2.83 CORPORATE 857477AS2 State Street Bank Note 2.55% Due 8/18/2020 125,000.00 11/29/2016 2.18% 126,620.00 125,020.32 100.09 0.73% 125,107.00 1,443.23 1.12% 86.68 A1 / A AA- 0.05 0.05 02665WAZ4 American Honda Finance Note 2.45% Due 9/24/2020 150,000.00 10/07/2016 1.72% 154,161.00 150,155.82 100.29 0.50% 150,429.90 1,296.46 1.34% 274.08 A3 / A- NR 0.15 0.15 91159HHL7 US Bancorp Callable Note 1X 12/29/2020 2.35% Due 1/29/2021 125,000.00 05/02/2017 2.12% 126,012.50 125,113.85 100.84 0.29% 126,054.38 16.32 1.11% 940.53 A1 / A+ A+ 0.50 0.41 17275RBD3 Cisco Systems Note 2.2% Due 2/28/2021 150,000.00 09/20/2017 1.98% 151,108.50 150,186.37 100.77 0.86% 151,156.80 1,402.50 1.35% 970.43 A1 / AA- NR 0.58 0.57 369550BE7 General Dynamics Corp Note 3% Due 5/11/2021 125,000.00 05/15/2018 3.25% 124,128.75 124,773.59 102.07 0.33% 127,588.00 833.33 1.13% 2,814.41 A2 / A NR 0.78 0.77 808513AW5 Charles Schwab Corp Callable Note Cont 4/21/2021 3.25% Due 5/21/2021 150,000.00 05/30/2018 3.01% 151,011.00 150,252.03 102.13 0.30% 153,190.65 947.92 1.36% 2,938.62 A2 / A A 0.81 0.72 931142EJ8 Wal-Mart Stores Note 3.125% Due 6/23/2021 200,000.00 Various 2.96% 200,929.00 200,280.38 102.57 0.24% 205,146.60 659.72 1.82% 4,866.22 Aa2 / AA AA 0.90 0.89 68389XBK0 Oracle Corp Callable Note Cont 8/15/2021 1.9% Due 9/15/2021 200,000.00 10/12/2017 2.11% 198,458.00 199,557.89 101.68 0.28% 203,351.20 1,435.56 1.81% 3,793.31 A3 / A A- 1.13 1.03 89236TDP7 Toyota Motor Credit Corp Note 2.6% Due 1/11/2022 130,000.00 01/28/2019 2.98% 128,629.80 129,328.26 103.23 0.36% 134,192.50 187.78 1.19% 4,864.24 A1 / A+ A+ 1.45 1.42 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 6 3.A.3.b Packet Pg. 19 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Holdings Report As of July 31, 2020 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 CORPORATE 06051GEU9 Bank of America Corp Note 3.3% Due 1/11/2023 130,000.00 01/28/2019 3.29% 130,059.80 130,037.03 106.80 0.50% 138,834.41 238.33 1.23% 8,797.38 A2 / A- A+ 2.45 2.36 06406RAE7 Bank of NY Mellon Corp Callable Note Cont 12/29/2022 2.95% Due 1/29/2023 145,000.00 09/09/2019 1.97% 149,541.40 148,316.54 106.13 0.39% 153,892.56 23.76 1.36% 5,576.02 A1 / A AA- 2.50 2.34 084670BR8 Berkshire Hathaway Callable Note Cont 1/15/2023 2.75% Due 3/15/2023 150,000.00 08/26/2019 1.83% 154,525.50 153,284.28 105.98 0.30% 158,971.50 1,558.33 1.42% 5,687.22 Aa2 / AA A+ 2.62 2.37 037833AK6 Apple Inc Note 2.4% Due 5/3/2023 200,000.00 05/20/2019 2.63% 198,284.00 198,804.04 105.74 0.31% 211,471.40 1,173.33 1.88% 12,667.36 Aa1 / AA+ NR 2.76 2.67 24422EUR8 John Deere Capital Corp Note 3.45% Due 1/10/2024 150,000.00 03/14/2019 2.95% 153,322.50 152,374.29 109.72 0.59% 164,586.15 301.88 1.45% 12,211.86 A2 / A A 3.45 3.27 46625HJX9 JP Morgan Chase Note 3.625% Due 5/13/2024 145,000.00 12/19/2019 2.20% 153,560.80 152,379.82 110.99 0.68% 160,938.11 1,138.85 1.43% 8,558.29 A2 / A- AA- 3.79 3.55 Total Corporate 2,275,000.00 2.47% 2,300,352.55 2,289,864.51 0.43% 2,364,911.16 12,657.30 20.97% 75,046.65 A1 / A+ A+ 1.65 1.56 MONEY MARKET FUND FI 31846V203 First American Govt Obligation Fund Class Y 144,488.34 Various 0.01% 144,488.34 144,488.34 1.00 0.01% 144,488.34 0.00 1.27% 0.00 Aaa / AAA AAA 0.00 0.00 Total Money Market Fund FI 144,488.34 0.01% 144,488.34 144,488.34 0.01% 144,488.34 0.00 1.27% 0.00 Aaa / AAA AAA 0.00 0.00 US TREASURY 912828WN6 US Treasury Note 2% Due 5/31/2021 200,000.00 04/29/2019 2.29% 198,820.31 199,530.91 101.55 0.13% 203,109.40 677.60 1.80% 3,578.49 Aaa / AA+ AAA 0.83 0.83 912828S76 US Treasury Note 1.125% Due 7/31/2021 100,000.00 11/29/2017 1.98% 96,988.28 99,181.28 100.98 0.14% 100,984.40 3.06 0.89% 1,803.12 Aaa / AA+ AAA 1.00 1.00 912828T34 US Treasury Note 1.125% Due 9/30/2021 125,000.00 05/30/2018 2.59% 119,194.34 122,974.22 101.15 0.14% 126,435.50 472.59 1.12% 3,461.28 Aaa / AA+ AAA 1.17 1.16 912828G53 US Treasury Note 1.875% Due 11/30/2021 220,000.00 04/26/2017 1.81% 220,653.86 220,189.38 102.32 0.14% 225,096.08 698.77 1.99% 4,906.70 Aaa / AA+ AAA 1.33 1.32 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 7 3.A.3.b Packet Pg. 20 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Holdings Report As of July 31, 2020 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 US TREASURY 912828W89 US Treasury Note 1.875% Due 3/31/2022 200,000.00 04/26/2018 2.75% 193,531.25 197,261.83 102.89 0.14% 205,789.00 1,260.25 1.83% 8,527.17 Aaa / AA+ AAA 1.67 1.64 912828L24 US Treasury Note 1.875% Due 8/31/2022 150,000.00 07/22/2019 1.77% 150,462.89 150,309.95 103.64 0.12% 155,466.75 1,176.97 1.38% 5,156.80 Aaa / AA+ AAA 2.08 2.04 912828M80 US Treasury Note 2% Due 11/30/2022 200,000.00 04/11/2019 2.31% 197,851.56 198,620.13 104.37 0.12% 208,742.20 677.60 1.85% 10,122.07 Aaa / AA+ AAA 2.33 2.28 9128284D9 US Treasury Note 2.5% Due 3/31/2023 210,000.00 Various 2.95% 206,053.12 207,666.47 106.33 0.12% 223,289.01 1,764.35 1.99% 15,622.54 Aaa / AA+ AAA 2.67 2.58 912828Y61 US Treasury Note 2.75% Due 7/31/2023 175,000.00 12/27/2018 2.59% 176,223.63 175,798.72 107.84 0.13% 188,712.83 13.08 1.66% 12,914.11 Aaa / AA+ AAA 3.00 2.90 912828W71 US Treasury Note 2.125% Due 3/31/2024 210,000.00 12/05/2019 1.63% 214,331.25 213,674.83 107.20 0.15% 225,126.51 1,499.69 2.00% 11,451.68 Aaa / AA+ AAA 3.67 3.53 912828Y87 US Treasury Note 1.75% Due 7/31/2024 220,000.00 01/17/2020 1.63% 221,160.16 221,024.70 106.28 0.17% 233,818.64 10.46 2.06% 12,793.94 Aaa / AA+ AAA 4.00 3.88 9128282U3 US Treasury Note 1.875% Due 8/31/2024 230,000.00 12/12/2019 1.76% 231,230.86 231,065.13 106.93 0.17% 245,947.28 1,804.69 2.19% 14,882.15 Aaa / AA+ AAA 4.09 3.92 912828YV6 US Treasury Note 1.5% Due 11/30/2024 230,000.00 12/12/2019 1.74% 227,421.48 227,751.26 105.68 0.18% 243,063.31 584.43 2.15% 15,312.05 Aaa / AA+ AAA 4.34 4.20 912828ZC7 US Treasury Note 1.125% Due 2/28/2025 400,000.00 03/24/2020 0.51% 412,046.88 411,184.00 104.25 0.19% 417,000.00 1,883.15 3.69% 5,816.00 Aaa / AA+ AAA 4.58 4.46 912828ZT0 US Treasury Note 0.25% Due 5/31/2025 230,000.00 06/04/2020 0.39% 228,373.83 228,424.73 100.22 0.20% 230,512.21 97.40 2.03% 2,087.48 Aaa / AA+ AAA 4.84 4.80 Total US Treasury 3,100,000.00 1.78% 3,094,343.70 3,104,657.54 0.16% 3,233,093.12 12,624.09 28.63% 128,435.58 Aaa / AA+ AAA 3.06 2.98 TOTAL PORTFOLIO 10,828,580.73 1.91% 10,891,196.80 10,892,464.64 0.27% 11,286,802.88 50,428.22 100.00% 394,338.24 Aa1 / AA AAA 2.67 2.50 TOTAL MARKET VALUE PLUS ACCRUED 11,337,231.10 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 8 3.A.3.b Packet Pg. 21 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Transaction Ledger As of July 31, 2020 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 ACQUISITIONS Purchase 07/01/2020 31846V203 0.89 First American Govt Obligation Fund Class Y 1.000 0.01%0.89 0.00 0.89 0.00 Purchase 07/07/2020 31846V203 1,797.66 First American Govt Obligation Fund Class Y 1.000 0.01%1,797.66 0.00 1,797.66 0.00 Purchase 07/10/2020 31846V203 2,587.50 First American Govt Obligation Fund Class Y 1.000 0.01%2,587.50 0.00 2,587.50 0.00 Purchase 07/11/2020 31846V203 3,835.00 First American Govt Obligation Fund Class Y 1.000 0.01%3,835.00 0.00 3,835.00 0.00 Purchase 07/15/2020 31846V203 55.00 First American Govt Obligation Fund Class Y 1.000 0.01%55.00 0.00 55.00 0.00 Purchase 07/15/2020 31846V203 73.67 First American Govt Obligation Fund Class Y 1.000 0.01%73.67 0.00 73.67 0.00 Purchase 07/15/2020 31846V203 118.67 First American Govt Obligation Fund Class Y 1.000 0.01%118.67 0.00 118.67 0.00 Purchase 07/15/2020 31846V203 136.71 First American Govt Obligation Fund Class Y 1.000 0.01%136.71 0.00 136.71 0.00 Purchase 07/15/2020 31846V203 2,842.66 First American Govt Obligation Fund Class Y 1.000 0.01%2,842.66 0.00 2,842.66 0.00 Purchase 07/15/2020 31846V203 3,127.65 First American Govt Obligation Fund Class Y 1.000 0.01%3,127.65 0.00 3,127.65 0.00 Purchase 07/15/2020 31846V203 14,802.83 First American Govt Obligation Fund Class Y 1.000 0.01%14,802.83 0.00 14,802.83 0.00 Purchase 07/15/2020 31846V203 5,921.60 First American Govt Obligation Fund Class Y 1.000 0.01%5,921.60 0.00 5,921.60 0.00 Purchase 07/19/2020 31846V203 3,443.75 First American Govt Obligation Fund Class Y 1.000 0.01%3,443.75 0.00 3,443.75 0.00 Purchase 07/21/2020 31846V203 4,565.56 First American Govt Obligation Fund Class Y 1.000 0.01%4,565.56 0.00 4,565.56 0.00 Purchase 07/22/2020 31846V203 162,474.24 First American Govt Obligation Fund Class Y 1.000 0.01%162,474.24 0.00 162,474.24 0.00 Purchase 07/22/2020 47787NAC3 25,000.00 John Deere Owner Trust 2020-B A3 0.51% Due 11/15/2024 99.985 0.52%24,996.19 0.00 24,996.19 0.00 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 9 3.A.3.b Packet Pg. 22 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Transaction Ledger As of July 31, 2020 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 ACQUISITIONS Purchase 07/23/2020 3137EAEU9 145,000.00 FHLMC Note 0.375% Due 7/21/2025 99.502 0.48%144,277.90 0.00 144,277.90 0.00 Purchase 07/27/2020 89237VAB5 55,000.00 Toyota Auto Receivables Trust 2020-C A3 0.44% Due 10/15/2024 99.992 0.44%54,995.77 0.00 54,995.77 0.00 Purchase 07/29/2020 31846V203 125,000.00 First American Govt Obligation Fund Class Y 1.000 0.01%125,000.00 0.00 125,000.00 0.00 Purchase 07/29/2020 31846V203 4,751.25 First American Govt Obligation Fund Class Y 1.000 0.01%4,751.25 0.00 4,751.25 0.00 Purchase 07/31/2020 31846V203 4,893.75 First American Govt Obligation Fund Class Y 1.000 0.01%4,893.75 0.00 4,893.75 0.00 Subtotal 565,428.39 564,698.25 0.00 564,698.25 0.00 TOTAL ACQUISITIONS 565,428.39 564,698.25 0.00 564,698.25 0.00 DISPOSITIONS Sale 07/22/2020 31846V203 24,996.19 First American Govt Obligation Fund Class Y 1.000 0.01%24,996.19 0.00 24,996.19 0.00 Sale 07/22/2020 912828S76 160,000.00 US Treasury Note 1.125% Due 7/31/2021 101.012 1.98%161,618.75 855.49 162,474.24 2,964.69 Sale 07/23/2020 31846V203 144,277.90 First American Govt Obligation Fund Class Y 1.000 0.01%144,277.90 0.00 144,277.90 0.00 Sale 07/27/2020 31846V203 54,995.77 First American Govt Obligation Fund Class Y 1.000 0.01%54,995.77 0.00 54,995.77 0.00 Subtotal 384,269.86 385,888.61 855.49 386,744.10 2,964.69 Paydown 07/15/2020 43815NAC8 0.00 Honda Auto Receivables Trust 2019-3 A3 1.78% Due 8/15/2023 100.000 0.00 118.67 118.67 0.00 Paydown 07/15/2020 477870AC3 0.00 John Deere Owner Trust 2019-B A3 2.21% Due 12/15/2023 100.000 0.00 73.67 73.67 0.00 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 10 3.A.3.b Packet Pg. 23 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Transaction Ledger As of July 31, 2020 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 DISPOSITIONS Paydown 07/15/2020 47788BAD6 2,824.34 John Deere Owner Trust 2017-B A3 1.82% Due 10/15/2021 100.000 2,824.34 18.32 2,842.66 0.00 Paydown 07/15/2020 47789JAB2 3,090.80 John Deere Owner Trust 2019-A A2 2.85% Due 12/15/2021 100.000 3,090.80 36.85 3,127.65 0.00 Paydown 07/15/2020 47789KAC7 0.00 John Deere Owner Trust 2020-A A3 1.1% Due 8/15/2024 100.000 0.00 55.00 55.00 0.00 Paydown 07/15/2020 65478WAE5 14,735.95 Nissan Auto Receivables Trust 2016-C A4 1.38% Due 1/17/2023 100.000 14,735.95 66.88 14,802.83 0.00 Paydown 07/15/2020 65479JAD5 0.00 Nissan Auto Receivables Owner 2019-C A3 1.93% Due 7/15/2024 100.000 0.00 136.71 136.71 0.00 Paydown 07/15/2020 89238KAD4 5,852.24 Toyota Auto Receivables Trust 2017-D A3 1.93% Due 1/18/2022 100.000 5,852.24 69.36 5,921.60 0.00 Paydown 07/21/2020 43815HAC1 4,427.52 Honda Auto Receivables Trust 2018-3 A3 2.95% Due 8/22/2022 100.000 4,427.52 138.04 4,565.56 0.00 Subtotal 30,930.85 30,930.85 713.50 31,644.35 0.00 Maturity 07/29/2020 3130A5Z77 125,000.00 FHLB Note 1.83% Due 7/29/2020 100.000 125,000.00 0.00 125,000.00 0.00 Subtotal 125,000.00 125,000.00 0.00 125,000.00 0.00 Security Withdrawal 07/06/2020 31846V203 942.41 First American Govt Obligation Fund Class Y 1.000 942.41 0.00 942.41 0.00 Security Withdrawal 07/27/2020 31846V203 104.17 First American Govt Obligation Fund Class Y 1.000 104.17 0.00 104.17 0.00 Subtotal 1,046.58 1,046.58 0.00 1,046.58 0.00 TOTAL DISPOSITIONS 541,247.29 542,866.04 1,568.99 544,435.03 2,964.69 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 11 3.A.3.b Packet Pg. 24 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Transaction Ledger As of July 31, 2020 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 OTHER TRANSACTIONS Interest 07/07/2020 3135G0X24 225,000.00 FNMA Note 1.625% Due 1/7/2025 0.000 1,797.66 0.00 1,797.66 0.00 Interest 07/10/2020 24422EUR8 150,000.00 John Deere Capital Corp Note 3.45% Due 1/10/2024 0.000 2,587.50 0.00 2,587.50 0.00 Interest 07/11/2020 06051GEU9 130,000.00 Bank of America Corp Note 3.3% Due 1/11/2023 0.000 2,145.00 0.00 2,145.00 0.00 Interest 07/11/2020 89236TDP7 130,000.00 Toyota Motor Credit Corp Note 2.6% Due 1/11/2022 0.000 1,690.00 0.00 1,690.00 0.00 Interest 07/19/2020 3135G0T94 290,000.00 FNMA Note 2.375% Due 1/19/2023 0.000 3,443.75 0.00 3,443.75 0.00 Interest 07/29/2020 06406RAE7 145,000.00 Bank of NY Mellon Corp Callable Note Cont 12/29/2022 2.95% Due 1/29/2023 0.000 2,138.75 0.00 2,138.75 0.00 Interest 07/29/2020 3130A5Z77 125,000.00 FHLB Note 1.83% Due 7/29/2020 0.000 1,143.75 0.00 1,143.75 0.00 Interest 07/29/2020 91159HHL7 125,000.00 US Bancorp Callable Note 1X 12/29/2020 2.35% Due 1/29/2021 0.000 1,468.75 0.00 1,468.75 0.00 Interest 07/31/2020 912828S76 100,000.00 US Treasury Note 1.125% Due 7/31/2021 0.000 562.50 0.00 562.50 0.00 Interest 07/31/2020 912828Y61 175,000.00 US Treasury Note 2.75% Due 7/31/2023 0.000 2,406.25 0.00 2,406.25 0.00 Interest 07/31/2020 912828Y87 220,000.00 US Treasury Note 1.75% Due 7/31/2024 0.000 1,925.00 0.00 1,925.00 0.00 Subtotal 1,815,000.00 21,308.91 0.00 21,308.91 0.00 Dividend 07/01/2020 31846V203 29,376.39 First American Govt Obligation Fund Class Y 0.000 0.89 0.00 0.89 0.00 Subtotal 29,376.39 0.89 0.00 0.89 0.00 TOTAL OTHER TRANSACTIONS 1,844,376.39 21,309.80 0.00 21,309.80 0.00 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 12 3.A.3.b Packet Pg. 25 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Income Earned As of July 31, 2020 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 Total Income FIXED INCOME 02665WAZ4 American Honda Finance Note 2.45% Due 09/24/2020 10/07/2016 10/13/2016 150,000.00 150,245.27 0.00 0.00 150,155.82 990.21 0.00 1,296.46 306.25 0.00 89.45 (89.45) 216.80 216.80 037833AK6 Apple Inc Note 2.4% Due 05/03/2023 05/20/2019 05/22/2019 200,000.00 198,767.15 0.00 0.00 198,804.04 773.33 0.00 1,173.33 400.00 36.89 0.00 36.89 436.89 436.89 06051GEU9 Bank of America Corp Note 3.3% Due 01/11/2023 01/28/2019 01/30/2019 130,000.00 130,038.32 0.00 0.00 130,037.03 2,025.83 2,145.00 238.33 357.50 0.00 1.29 (1.29) 356.21 356.21 06406RAE7 Bank of NY Mellon Corp Callable Note Cont 12/29/2022 2.95% Due 01/29/2023 09/09/2019 09/11/2019 145,000.00 148,433.37 0.00 0.00 148,316.54 1,806.06 2,138.75 23.76 356.45 0.00 116.83 (116.83) 239.62 239.62 084670BR8 Berkshire Hathaway Callable Note Cont 1/15/2023 2.75% Due 03/15/2023 08/26/2019 08/28/2019 150,000.00 153,397.79 0.00 0.00 153,284.28 1,214.58 0.00 1,558.33 343.75 0.00 113.51 (113.51) 230.24 230.24 17275RBD3 Cisco Systems Note 2.2% Due 02/28/2021 09/20/2017 09/22/2017 150,000.00 150,213.75 0.00 0.00 150,186.37 1,127.50 0.00 1,402.50 275.00 0.00 27.38 (27.38) 247.62 247.62 24422EUR8 John Deere Capital Corp Note 3.45% Due 01/10/2024 03/14/2019 03/18/2019 150,000.00 152,432.85 0.00 0.00 152,374.29 2,458.13 2,587.50 301.88 431.25 0.00 58.56 (58.56) 372.69 372.69 3130A0F70 FHLB Note 3.375% Due 12/08/2023 01/30/2019 01/31/2019 220,000.00 224,669.70 0.00 0.00 224,554.36 474.38 0.00 1,093.13 618.75 0.00 115.34 (115.34) 503.41 503.41 3130A1XJ2 FHLB Note 2.875% Due 06/14/2024 Various Various 210,000.00 217,172.65 0.00 0.00 217,018.66 285.10 0.00 788.22 503.12 0.00 153.99 (153.99) 349.13 349.13 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 13 3.A.3.b Packet Pg. 26 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Income Earned As of July 31, 2020 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 Total Income 3130A2UW4 FHLB Note 2.875% Due 09/13/2024 10/29/2019 10/30/2019 150,000.00 156,672.08 0.00 0.00 156,537.33 1,293.75 0.00 1,653.13 359.38 0.00 134.75 (134.75) 224.63 224.63 3130A3GE8 FHLB Note 2.75% Due 12/13/2024 12/16/2019 12/17/2019 250,000.00 260,411.13 0.00 0.00 260,212.64 343.75 0.00 916.67 572.92 0.00 198.49 (198.49) 374.43 374.43 3130A3KM5 FHLB Note 2.5% Due 12/09/2022 09/10/2019 09/13/2019 100,000.00 102,118.67 0.00 0.00 102,044.95 152.78 0.00 361.11 208.33 0.00 73.72 (73.72) 134.61 134.61 3130A3UQ5 FHLB Note 1.875% Due 12/11/2020 01/28/2016 01/29/2016 225,000.00 225,333.95 0.00 0.00 225,270.44 234.38 0.00 585.94 351.56 0.00 63.51 (63.51) 288.05 288.05 3130A5Z77 FHLB Note Due 07/29/2020 10/27/2015 10/28/2015 0.00 125,034.40 0.00 125,000.00 0.00 965.83 1,143.75 0.00 177.92 0.00 34.40 (34.40) 143.52 143.52 3130A7CV5 FHLB Note 1.375% Due 02/18/2021 03/10/2016 03/11/2016 200,000.00 199,718.77 0.00 0.00 199,756.35 1,015.97 0.00 1,245.14 229.17 37.58 0.00 37.58 266.75 266.75 3130AJKW8 FHLB Note 0.5% Due 06/13/2025 06/24/2020 06/25/2020 225,000.00 224,825.08 0.00 0.00 224,828.08 175.00 0.00 268.75 93.75 3.00 0.00 3.00 96.75 96.75 313378WG2 FHLB Note 2.5% Due 03/11/2022 03/13/2018 03/14/2018 300,000.00 299,289.17 0.00 0.00 299,324.83 2,291.67 0.00 2,916.67 625.00 35.66 0.00 35.66 660.66 660.66 313379Q69 FHLB Note 2.125% Due 06/10/2022 06/20/2017 06/21/2017 200,000.00 200,925.80 0.00 0.00 200,885.32 247.92 0.00 602.08 354.16 0.00 40.48 (40.48) 313.68 313.68 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 14 3.A.3.b Packet Pg. 27 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Income Earned As of July 31, 2020 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 Total Income 313383YJ4 FHLB Note 3.375% Due 09/08/2023 12/27/2018 12/28/2018 200,000.00 203,821.18 0.00 0.00 203,719.41 2,118.75 0.00 2,681.25 562.50 0.00 101.77 (101.77) 460.73 460.73 3135G03U5 FNMA Note 0.625% Due 04/22/2025 Various Various 310,000.00 309,959.96 0.00 0.00 309,960.66 360.59 0.00 522.05 161.46 7.35 6.65 0.70 162.16 162.16 3135G0N82 FNMA Note 1.25% Due 08/17/2021 01/26/2017 01/31/2017 315,000.00 312,412.22 0.00 0.00 312,606.93 1,465.63 0.00 1,793.75 328.12 194.71 0.00 194.71 522.83 522.83 3135G0T94 FNMA Note 2.375% Due 01/19/2023 10/17/2018 10/19/2018 290,000.00 285,194.83 0.00 0.00 285,354.66 3,099.38 3,443.75 229.58 573.95 159.83 0.00 159.83 733.78 733.78 3135G0V34 FNMA Note 2.5% Due 02/05/2024 03/24/2020 03/25/2020 375,000.00 397,180.73 0.00 0.00 396,657.44 3,802.08 0.00 4,583.33 781.25 0.00 523.29 (523.29) 257.96 257.96 3135G0W33 FNMA Note 1.375% Due 09/06/2022 09/05/2019 09/06/2019 200,000.00 199,493.88 0.00 0.00 199,513.56 878.47 0.00 1,107.64 229.17 19.68 0.00 19.68 248.85 248.85 3135G0X24 FNMA Note 1.625% Due 01/07/2025 01/16/2020 01/17/2020 225,000.00 224,362.13 0.00 0.00 224,374.11 1,736.72 1,797.66 243.75 304.69 11.98 0.00 11.98 316.67 316.67 3137EAEK1 FHLMC Note 1.875% Due 11/17/2020 01/18/2018 01/19/2018 225,000.00 224,736.60 0.00 0.00 224,795.34 515.63 0.00 867.19 351.56 58.74 0.00 58.74 410.30 410.30 3137EAEN5 FHLMC Note 2.75% Due 06/19/2023 11/13/2018 11/14/2018 200,000.00 198,177.36 0.00 0.00 198,229.53 183.33 0.00 641.67 458.34 52.17 0.00 52.17 510.51 510.51 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 15 3.A.3.b Packet Pg. 28 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Income Earned As of July 31, 2020 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 Total Income 3137EAEP0 FHLMC Note 1.5% Due 02/12/2025 02/13/2020 02/14/2020 245,000.00 244,825.62 0.00 0.00 244,828.82 1,398.54 0.00 1,704.79 306.25 3.20 0.00 3.20 309.45 309.45 3137EAEU9 FHLMC Note 0.375% Due 07/21/2025 07/21/2020 07/23/2020 145,000.00 0.00 144,277.90 0.00 144,281.46 0.00 0.00 12.08 12.08 3.56 0.00 3.56 15.64 15.64 369550BE7 General Dynamics Corp Note 3% Due 05/11/2021 05/15/2018 05/18/2018 125,000.00 124,748.79 0.00 0.00 124,773.59 520.83 0.00 833.33 312.50 24.80 0.00 24.80 337.30 337.30 43815HAC1 Honda Auto Receivables Trust 2018-3 A3 2.95% Due 08/22/2022 08/21/2018 08/28/2018 51,722.77 56,146.16 0.00 4,427.52 51,719.12 46.01 138.04 42.38 134.41 0.48 0.00 0.48 134.89 134.89 43815NAC8 Honda Auto Receivables Trust 2019-3 A3 1.78% Due 08/15/2023 08/20/2019 08/27/2019 80,000.00 79,999.52 0.00 0.00 79,999.54 63.29 118.67 63.29 118.67 0.02 0.00 0.02 118.69 118.69 46625HJX9 JP Morgan Chase Note 3.625% Due 05/13/2024 12/19/2019 12/24/2019 145,000.00 152,545.47 0.00 0.00 152,379.82 700.83 0.00 1,138.85 438.02 0.00 165.65 (165.65) 272.37 272.37 477870AC3 John Deere Owner Trust 2019-B A3 2.21% Due 12/15/2023 07/16/2019 07/24/2019 40,000.00 39,993.32 0.00 0.00 39,993.49 39.29 73.67 39.29 73.67 0.17 0.00 0.17 73.84 73.84 47787NAC3 John Deere Owner Trust 2020-B A3 0.51% Due 11/15/2024 07/14/2020 07/22/2020 25,000.00 0.00 24,996.19 0.00 24,996.22 0.00 0.00 3.19 3.19 0.03 0.00 0.03 3.22 3.22 47788BAD6 John Deere Owner Trust 2017-B A3 1.82% Due 10/15/2021 07/26/2018 07/30/2018 9,253.08 12,005.25 0.00 2,824.34 9,201.42 9.77 18.32 7.48 16.03 20.51 0.00 20.51 36.54 36.54 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 16 3.A.3.b Packet Pg. 29 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Income Earned As of July 31, 2020 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 Total Income 47789JAB2 John Deere Owner Trust 2019-A A2 2.85% Due 12/15/2021 03/05/2019 03/13/2019 12,425.17 15,515.60 0.00 3,090.80 12,424.89 19.65 36.85 15.74 32.94 0.09 0.00 0.09 33.03 33.03 47789KAC7 John Deere Owner Trust 2020-A A3 1.1% Due 08/15/2024 03/04/2020 03/11/2020 60,000.00 59,996.58 0.00 0.00 59,996.65 29.33 55.00 29.33 55.00 0.07 0.00 0.07 55.07 55.07 65478WAE5 Nissan Auto Receivables Trust 2016-C A4 1.38% Due 01/17/2023 04/16/2019 04/18/2019 43,420.94 57,712.92 0.00 14,735.95 43,111.28 35.67 66.88 26.63 57.84 134.31 0.00 134.31 192.15 192.15 65479JAD5 Nissan Auto Receivables Owner 2019-C A3 1.93% Due 07/15/2024 10/16/2019 10/23/2019 85,000.00 84,996.17 0.00 0.00 84,996.25 72.91 136.71 72.91 136.71 0.08 0.00 0.08 136.79 136.79 68389XBK0 Oracle Corp Callable Note Cont 8/15/2021 1.9% Due 09/15/2021 10/12/2017 10/16/2017 200,000.00 199,524.46 0.00 0.00 199,557.89 1,118.89 0.00 1,435.56 316.67 33.43 0.00 33.43 350.10 350.10 808513AW5 Charles Schwab Corp Callable Note Cont 4/21/2021 3.25% Due 05/21/2021 05/30/2018 06/01/2018 150,000.00 150,281.74 0.00 0.00 150,252.03 541.67 0.00 947.92 406.25 0.00 29.71 (29.71) 376.54 376.54 857477AS2 State Street Bank Note 2.55% Due 08/18/2020 11/29/2016 12/02/2016 125,000.00 125,057.39 0.00 0.00 125,020.32 1,177.60 0.00 1,443.23 265.63 0.00 37.07 (37.07) 228.56 228.56 89236TDP7 Toyota Motor Credit Corp Note 2.6% Due 01/11/2022 01/28/2019 01/30/2019 130,000.00 129,288.82 0.00 0.00 129,328.26 1,596.11 1,690.00 187.78 281.67 39.44 0.00 39.44 321.11 321.11 89237VAB5 Toyota Auto Receivables Trust 2020-C A3 0.44% Due 10/15/2024 07/21/2020 07/27/2020 55,000.00 0.00 54,995.77 0.00 54,995.78 0.00 0.00 2.69 2.69 0.01 0.00 0.01 2.70 2.70 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 17 3.A.3.b Packet Pg. 30 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Income Earned As of July 31, 2020 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 Total Income 89238KAD4 Toyota Auto Receivables Trust 2017-D A3 1.93% Due 01/18/2022 10/17/2019 10/21/2019 37,270.43 43,115.69 0.00 5,852.24 37,264.73 30.05 69.36 25.98 65.29 1.28 0.00 1.28 66.57 66.57 91159HHL7 US Bancorp Callable Note 1X 12/29/2020 2.35% Due 01/29/2021 05/02/2017 05/05/2017 125,000.00 125,137.38 0.00 0.00 125,113.85 1,240.28 1,468.75 16.32 244.79 0.00 23.53 (23.53) 221.26 221.26 9128282U3 US Treasury Note 1.875% Due 08/31/2024 12/12/2019 12/13/2019 230,000.00 231,087.27 0.00 0.00 231,065.13 1,441.41 0.00 1,804.69 363.28 0.00 22.14 (22.14) 341.14 341.14 9128284D9 US Treasury Note 2.5% Due 03/31/2023 Various Various 210,000.00 207,592.04 0.00 0.00 207,666.47 1,319.67 0.00 1,764.35 444.68 74.43 0.00 74.43 519.11 519.11 912828G53 US Treasury Note 1.875% Due 11/30/2021 04/26/2017 04/27/2017 220,000.00 220,201.46 0.00 0.00 220,189.38 349.39 0.00 698.77 349.38 0.00 12.08 (12.08) 337.30 337.30 912828L24 US Treasury Note 1.875% Due 08/31/2022 07/22/2019 07/23/2019 150,000.00 150,322.60 0.00 0.00 150,309.95 940.05 0.00 1,176.97 236.92 0.00 12.65 (12.65) 224.27 224.27 912828M80 US Treasury Note 2% Due 11/30/2022 04/11/2019 04/15/2019 200,000.00 198,569.87 0.00 0.00 198,620.13 338.80 0.00 677.60 338.80 50.26 0.00 50.26 389.06 389.06 912828S76 US Treasury Note 1.125% Due 07/31/2021 11/29/2017 11/30/2017 100,000.00 257,690.04 0.00 158,654.06 99,181.28 1,221.43 1,417.99 3.06 199.62 145.30 0.00 145.30 344.92 344.92 912828T34 US Treasury Note 1.125% Due 09/30/2021 05/30/2018 05/31/2018 125,000.00 122,826.45 0.00 0.00 122,974.22 353.48 0.00 472.59 119.11 147.77 0.00 147.77 266.88 266.88 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 18 3.A.3.b Packet Pg. 31 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Income Earned As of July 31, 2020 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 Total Income 912828W71 US Treasury Note 2.125% Due 03/31/2024 12/05/2019 12/06/2019 210,000.00 213,759.98 0.00 0.00 213,674.83 1,121.72 0.00 1,499.69 377.97 0.00 85.15 (85.15) 292.82 292.82 912828W89 US Treasury Note 1.875% Due 03/31/2022 04/26/2018 04/27/2018 200,000.00 197,121.99 0.00 0.00 197,261.83 942.62 0.00 1,260.25 317.63 139.84 0.00 139.84 457.47 457.47 912828WN6 US Treasury Note 2% Due 05/31/2021 04/29/2019 04/30/2019 200,000.00 199,482.92 0.00 0.00 199,530.91 338.80 0.00 677.60 338.80 47.99 0.00 47.99 386.79 386.79 912828Y61 US Treasury Note 2.75% Due 07/31/2023 12/27/2018 12/28/2018 175,000.00 175,821.35 0.00 0.00 175,798.72 2,009.62 2,406.25 13.08 409.71 0.00 22.63 (22.63) 387.08 387.08 912828Y87 US Treasury Note 1.75% Due 07/31/2024 01/17/2020 01/21/2020 220,000.00 221,046.46 0.00 0.00 221,024.70 1,607.69 1,925.00 10.46 327.77 0.00 21.76 (21.76) 306.01 306.01 912828YV6 US Treasury Note 1.5% Due 11/30/2024 12/12/2019 12/13/2019 230,000.00 227,707.19 0.00 0.00 227,751.26 292.21 0.00 584.43 292.22 44.07 0.00 44.07 336.29 336.29 912828ZC7 US Treasury Note 1.125% Due 02/28/2025 03/24/2020 03/25/2020 400,000.00 411,391.36 0.00 0.00 411,184.00 1,504.08 0.00 1,883.15 379.07 0.00 207.36 (207.36) 171.71 171.71 912828ZT0 US Treasury Note 0.25% Due 05/31/2025 06/04/2020 06/05/2020 230,000.00 228,397.05 0.00 0.00 228,424.73 48.70 0.00 97.40 48.70 27.68 0.00 27.68 76.38 76.38 931142EJ8 Wal-Mart Stores Note 3.125% Due 06/23/2021 Various Various 200,000.00 200,307.04 0.00 0.00 200,280.38 138.89 0.00 659.72 520.83 0.00 26.66 (26.66) 494.17 494.17 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 19 3.A.3.b Packet Pg. 32 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Income Earned As of July 31, 2020 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 Total Income Total Fixed Income 10,684,092.39 10,839,254.74 224,269.86 314,584.91 10,747,976.30 54,646.03 22,877.90 50,428.22 18,660.09 1,556.41 2,519.80 (963.39) 17,696.70 17,696.70 CASH & EQUIVALENT 31846V203 First American Govt Obligation Fund Class Y Various Various 144,488.34 29,376.39 340,428.39 225,316.44 144,488.34 0.00 0.89 0.00 0.89 0.00 0.00 0.00 0.89 0.89 Total Cash & Equivalent 144,488.34 29,376.39 340,428.39 225,316.44 144,488.34 0.00 0.89 0.00 0.89 0.00 0.00 0.00 0.89 0.89 TOTAL PORTFOLIO 10,828,580.73 10,868,631.13 564,698.25 539,901.35 10,892,464.64 54,646.03 22,878.79 50,428.22 18,660.98 1,556.41 2,519.80 (963.39) 17,697.59 17,697.59 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 20 3.A.3.b Packet Pg. 33 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Cash Flow Report As of July 31, 2020 City of San Jacinto Account #10167 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/05/2020 Interest 3135G0V34 375,000.00 FNMA Note 2.5% Due 2/5/2024 0.00 4,687.50 4,687.50 08/12/2020 Interest 3137EAEP0 245,000.00 FHLMC Note 1.5% Due 2/12/2025 0.00 1,817.08 1,817.08 08/15/2020 Paydown 47788BAD6 9,253.08 John Deere Owner Trust 2017-B A3 1.82% Due 10/15/2021 1,023.60 14.03 1,037.63 08/15/2020 Paydown 47789KAC7 60,000.00 John Deere Owner Trust 2020-A A3 1.1% Due 8/15/2024 1,145.52 55.00 1,200.52 08/15/2020 Paydown 65478WAE5 43,420.94 Nissan Auto Receivables Trust 2016-C A4 1.38% Due 1/17/2023 2,868.05 49.93 2,917.98 08/15/2020 Paydown 477870AC3 40,000.00 John Deere Owner Trust 2019-B A3 2.21% Due 12/15/2023 935.55 73.67 1,009.22 08/15/2020 Paydown 47789JAB2 12,425.17 John Deere Owner Trust 2019-A A2 2.85% Due 12/15/2021 717.15 29.51 746.66 08/15/2020 Paydown 43815NAC8 80,000.00 Honda Auto Receivables Trust 2019-3 A3 1.78% Due 8/15/2023 4,424.26 118.67 4,542.93 08/15/2020 Paydown 65479JAD5 85,000.00 Nissan Auto Receivables Owner 2019-C A3 1.93% Due 7/15/2024 1,678.92 136.71 1,815.63 08/15/2020 Paydown 89237VAB5 55,000.00 Toyota Auto Receivables Trust 2020-C A3 0.44% Due 10/15/2024 0.00 12.10 12.10 08/17/2020 Interest 3135G0N82 315,000.00 FNMA Note 1.25% Due 8/17/2021 0.00 1,968.75 1,968.75 08/18/2020 Interest 3130A7CV5 200,000.00 FHLB Note 1.375% Due 2/18/2021 0.00 1,375.00 1,375.00 08/18/2020 Maturity 857477AS2 125,000.00 State Street Bank Note 2.55% Due 8/18/2020 125,000.00 1,593.75 126,593.75 08/18/2020 Paydown 89238KAD4 37,270.43 Toyota Auto Receivables Trust 2017-D A3 1.93% Due 1/18/2022 3,820.40 59.94 3,880.34 08/21/2020 Paydown 43815HAC1 51,722.77 Honda Auto Receivables Trust 2018-3 A3 2.95% Due 8/22/2022 6,497.84 127.15 6,624.99 08/28/2020 Interest 17275RBD3 150,000.00 Cisco Systems Note 2.2% Due 2/28/2021 0.00 1,650.00 1,650.00 08/31/2020 Interest 9128282U3 230,000.00 US Treasury Note 1.875% Due 8/31/2024 0.00 2,156.25 2,156.25 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 21 3.A.3.b Packet Pg. 34 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Cash Flow Report As of July 31, 2020 City of San Jacinto Account #10167 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/31/2020 Interest 912828ZC7 400,000.00 US Treasury Note 1.125% Due 2/28/2025 0.00 2,250.00 2,250.00 08/31/2020 Interest 912828L24 150,000.00 US Treasury Note 1.875% Due 8/31/2022 0.00 1,406.25 1,406.25 AUG 2020 148,111.29 19,581.29 167,692.58 09/06/2020 Interest 3135G0W33 200,000.00 FNMA Note 1.375% Due 9/6/2022 0.00 1,375.00 1,375.00 09/08/2020 Interest 313383YJ4 200,000.00 FHLB Note 3.375% Due 9/8/2023 0.00 3,375.00 3,375.00 09/11/2020 Interest 313378WG2 300,000.00 FHLB Note 2.5% Due 3/11/2022 0.00 3,750.00 3,750.00 09/13/2020 Interest 3130A2UW4 150,000.00 FHLB Note 2.875% Due 9/13/2024 0.00 2,156.25 2,156.25 09/15/2020 Interest 084670BR8 150,000.00 Berkshire Hathaway Callable Note Cont 1/15/2023 2.75% Due 3/15/2023 0.00 2,062.50 2,062.50 09/15/2020 Interest 68389XBK0 200,000.00 Oracle Corp Callable Note Cont 8/15/2021 1.9% Due 9/15/2021 0.00 1,900.00 1,900.00 09/15/2020 Paydown 89237VAB5 55,000.00 Toyota Auto Receivables Trust 2020-C A3 0.44% Due 10/15/2024 0.00 20.17 20.17 09/15/2020 Paydown 47788BAD6 9,253.08 John Deere Owner Trust 2017-B A3 1.82% Due 10/15/2021 966.01 12.48 978.49 09/15/2020 Paydown 477870AC3 40,000.00 John Deere Owner Trust 2019-B A3 2.21% Due 12/15/2023 937.50 71.94 1,009.44 09/15/2020 Paydown 47787NAC3 25,000.00 John Deere Owner Trust 2020-B A3 0.51% Due 11/15/2024 0.00 18.77 18.77 09/15/2020 Paydown 47789JAB2 12,425.17 John Deere Owner Trust 2019-A A2 2.85% Due 12/15/2021 718.85 27.81 746.66 09/15/2020 Paydown 43815NAC8 80,000.00 Honda Auto Receivables Trust 2019-3 A3 1.78% Due 8/15/2023 4,318.56 112.10 4,430.66 09/15/2020 Paydown 47789KAC7 60,000.00 John Deere Owner Trust 2020-A A3 1.1% Due 8/15/2024 1,148.67 53.95 1,202.62 09/15/2020 Paydown 65478WAE5 43,420.94 Nissan Auto Receivables Trust 2016-C A4 1.38% Due 1/17/2023 2,871.83 46.64 2,918.47 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 22 3.A.3.b Packet Pg. 35 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Cash Flow Report As of July 31, 2020 City of San Jacinto Account #10167 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/15/2020 Paydown 65479JAD5 85,000.00 Nissan Auto Receivables Owner 2019-C A3 1.93% Due 7/15/2024 1,682.69 134.01 1,816.70 09/18/2020 Paydown 89238KAD4 37,270.43 Toyota Auto Receivables Trust 2017-D A3 1.93% Due 1/18/2022 3,617.19 53.80 3,670.99 09/21/2020 Paydown 43815HAC1 51,722.77 Honda Auto Receivables Trust 2018-3 A3 2.95% Due 8/22/2022 6,147.73 111.18 6,258.91 09/24/2020 Maturity 02665WAZ4 150,000.00 American Honda Finance Note 2.45% Due 9/24/2020 150,000.00 1,837.50 151,837.50 09/30/2020 Interest 912828T34 125,000.00 US Treasury Note 1.125% Due 9/30/2021 0.00 703.13 703.13 09/30/2020 Interest 912828W71 210,000.00 US Treasury Note 2.125% Due 3/31/2024 0.00 2,231.25 2,231.25 09/30/2020 Interest 912828W89 200,000.00 US Treasury Note 1.875% Due 3/31/2022 0.00 1,875.00 1,875.00 09/30/2020 Interest 9128284D9 210,000.00 US Treasury Note 2.5% Due 3/31/2023 0.00 2,625.00 2,625.00 SEP 2020 172,409.03 24,553.48 196,962.51 10/15/2020 Paydown 47788BAD6 9,253.08 John Deere Owner Trust 2017-B A3 1.82% Due 10/15/2021 908.30 11.02 919.32 10/15/2020 Paydown 47789KAC7 60,000.00 John Deere Owner Trust 2020-A A3 1.1% Due 8/15/2024 1,151.83 52.90 1,204.73 10/15/2020 Paydown 65478WAE5 43,420.94 Nissan Auto Receivables Trust 2016-C A4 1.38% Due 1/17/2023 2,875.63 43.33 2,918.96 10/15/2020 Paydown 89237VAB5 55,000.00 Toyota Auto Receivables Trust 2020-C A3 0.44% Due 10/15/2024 0.00 20.17 20.17 10/15/2020 Paydown 43815NAC8 80,000.00 Honda Auto Receivables Trust 2019-3 A3 1.78% Due 8/15/2023 4,212.59 105.70 4,318.29 10/15/2020 Paydown 65479JAD5 85,000.00 Nissan Auto Receivables Owner 2019-C A3 1.93% Due 7/15/2024 1,686.48 131.30 1,817.78 10/15/2020 Paydown 477870AC3 40,000.00 John Deere Owner Trust 2019-B A3 2.21% Due 12/15/2023 939.45 70.22 1,009.67 10/15/2020 Paydown 47787NAC3 25,000.00 John Deere Owner Trust 2020-B A3 0.51% Due 11/15/2024 0.00 10.63 10.63 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 23 3.A.3.b Packet Pg. 36 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Cash Flow Report As of July 31, 2020 City of San Jacinto Account #10167 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/15/2020 Paydown 47789JAB2 12,425.17 John Deere Owner Trust 2019-A A2 2.85% Due 12/15/2021 720.55 26.10 746.65 10/18/2020 Paydown 89238KAD4 37,270.43 Toyota Auto Receivables Trust 2017-D A3 1.93% Due 1/18/2022 3,413.49 47.98 3,461.47 10/21/2020 Paydown 43815HAC1 51,722.77 Honda Auto Receivables Trust 2018-3 A3 2.95% Due 8/22/2022 5,796.33 96.06 5,892.39 10/22/2020 Interest 3135G03U5 310,000.00 FNMA Note 0.625% Due 4/22/2025 0.00 957.99 957.99 OCT 2020 21,704.65 1,573.40 23,278.05 11/03/2020 Interest 037833AK6 200,000.00 Apple Inc Note 2.4% Due 5/3/2023 0.00 2,400.00 2,400.00 11/11/2020 Interest 369550BE7 125,000.00 General Dynamics Corp Note 3% Due 5/11/2021 0.00 1,875.00 1,875.00 11/13/2020 Interest 46625HJX9 145,000.00 JP Morgan Chase Note 3.625% Due 5/13/2024 0.00 2,628.13 2,628.13 11/15/2020 Paydown 477870AC3 40,000.00 John Deere Owner Trust 2019-B A3 2.21% Due 12/15/2023 941.41 68.49 1,009.90 11/15/2020 Paydown 47789KAC7 60,000.00 John Deere Owner Trust 2020-A A3 1.1% Due 8/15/2024 1,155.00 51.84 1,206.84 11/15/2020 Paydown 65478WAE5 43,420.94 Nissan Auto Receivables Trust 2016-C A4 1.38% Due 1/17/2023 2,879.43 40.03 2,919.46 11/15/2020 Paydown 89237VAB5 55,000.00 Toyota Auto Receivables Trust 2020-C A3 0.44% Due 10/15/2024 0.00 20.17 20.17 11/15/2020 Paydown 47787NAC3 25,000.00 John Deere Owner Trust 2020-B A3 0.51% Due 11/15/2024 0.00 10.63 10.63 11/15/2020 Paydown 43815NAC8 80,000.00 Honda Auto Receivables Trust 2019-3 A3 1.78% Due 8/15/2023 4,106.37 99.45 4,205.82 11/15/2020 Paydown 65479JAD5 85,000.00 Nissan Auto Receivables Owner 2019-C A3 1.93% Due 7/15/2024 1,690.28 128.59 1,818.87 11/15/2020 Paydown 47788BAD6 9,253.08 John Deere Owner Trust 2017-B A3 1.82% Due 10/15/2021 850.48 9.64 860.12 11/15/2020 Paydown 47789JAB2 12,425.17 John Deere Owner Trust 2019-A A2 2.85% Due 12/15/2021 722.25 24.39 746.64 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 24 3.A.3.b Packet Pg. 37 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Cash Flow Report As of July 31, 2020 City of San Jacinto Account #10167 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/17/2020 Maturity 3137EAEK1 225,000.00 FHLMC Note 1.875% Due 11/17/2020 225,000.00 2,109.38 227,109.38 11/18/2020 Paydown 89238KAD4 37,270.43 Toyota Auto Receivables Trust 2017-D A3 1.93% Due 1/18/2022 3,209.29 42.49 3,251.78 11/21/2020 Interest 808513AW5 150,000.00 Charles Schwab Corp Callable Note Cont 4/21/2021 3.25% Due 5/21/2021 0.00 2,437.50 2,437.50 11/21/2020 Paydown 43815HAC1 51,722.77 Honda Auto Receivables Trust 2018-3 A3 2.95% Due 8/22/2022 5,443.62 81.82 5,525.44 11/30/2020 Interest 912828YV6 230,000.00 US Treasury Note 1.5% Due 11/30/2024 0.00 1,725.00 1,725.00 11/30/2020 Interest 912828M80 200,000.00 US Treasury Note 2% Due 11/30/2022 0.00 2,000.00 2,000.00 11/30/2020 Interest 912828G53 220,000.00 US Treasury Note 1.875% Due 11/30/2021 0.00 2,062.50 2,062.50 11/30/2020 Interest 912828WN6 200,000.00 US Treasury Note 2% Due 5/31/2021 0.00 2,000.00 2,000.00 11/30/2020 Interest 912828ZT0 230,000.00 US Treasury Note 0.25% Due 5/31/2025 0.00 287.50 287.50 NOV 2020 245,998.13 20,102.55 266,100.68 12/08/2020 Interest 3130A0F70 220,000.00 FHLB Note 3.375% Due 12/8/2023 0.00 3,712.50 3,712.50 12/09/2020 Interest 3130A3KM5 100,000.00 FHLB Note 2.5% Due 12/9/2022 0.00 1,250.00 1,250.00 12/10/2020 Interest 313379Q69 200,000.00 FHLB Note 2.125% Due 6/10/2022 0.00 2,125.00 2,125.00 12/11/2020 Maturity 3130A3UQ5 225,000.00 FHLB Note 1.875% Due 12/11/2020 225,000.00 2,109.38 227,109.38 12/13/2020 Interest 3130AJKW8 225,000.00 FHLB Note 0.5% Due 6/13/2025 0.00 681.25 681.25 12/13/2020 Interest 3130A3GE8 250,000.00 FHLB Note 2.75% Due 12/13/2024 0.00 3,437.50 3,437.50 12/14/2020 Interest 3130A1XJ2 210,000.00 FHLB Note 2.875% Due 6/14/2024 0.00 3,018.76 3,018.76 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 25 3.A.3.b Packet Pg. 38 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Cash Flow Report As of July 31, 2020 City of San Jacinto Account #10167 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/15/2020 Paydown 477870AC3 40,000.00 John Deere Owner Trust 2019-B A3 2.21% Due 12/15/2023 943.38 66.75 1,010.13 12/15/2020 Paydown 47789JAB2 12,425.17 John Deere Owner Trust 2019-A A2 2.85% Due 12/15/2021 723.97 22.67 746.64 12/15/2020 Paydown 47788BAD6 9,253.08 John Deere Owner Trust 2017-B A3 1.82% Due 10/15/2021 792.54 8.35 800.89 12/15/2020 Paydown 47789KAC7 60,000.00 John Deere Owner Trust 2020-A A3 1.1% Due 8/15/2024 1,158.18 50.78 1,208.96 12/15/2020 Paydown 65478WAE5 43,420.94 Nissan Auto Receivables Trust 2016-C A4 1.38% Due 1/17/2023 2,883.24 36.71 2,919.95 12/15/2020 Paydown 89237VAB5 55,000.00 Toyota Auto Receivables Trust 2020-C A3 0.44% Due 10/15/2024 0.00 20.17 20.17 12/15/2020 Paydown 43815NAC8 80,000.00 Honda Auto Receivables Trust 2019-3 A3 1.78% Due 8/15/2023 3,999.89 93.36 4,093.25 12/15/2020 Paydown 47787NAC3 25,000.00 John Deere Owner Trust 2020-B A3 0.51% Due 11/15/2024 0.00 10.63 10.63 12/15/2020 Paydown 65479JAD5 85,000.00 Nissan Auto Receivables Owner 2019-C A3 1.93% Due 7/15/2024 1,694.08 125.87 1,819.95 12/18/2020 Paydown 89238KAD4 37,270.43 Toyota Auto Receivables Trust 2017-D A3 1.93% Due 1/18/2022 3,004.59 37.33 3,041.92 12/19/2020 Interest 3137EAEN5 200,000.00 FHLMC Note 2.75% Due 6/19/2023 0.00 2,750.00 2,750.00 12/21/2020 Paydown 43815HAC1 51,722.77 Honda Auto Receivables Trust 2018-3 A3 2.95% Due 8/22/2022 5,089.62 68.43 5,158.05 12/23/2020 Interest 931142EJ8 200,000.00 Wal-Mart Stores Note 3.125% Due 6/23/2021 0.00 3,125.00 3,125.00 12/29/2020 Call 91159HHL7 125,000.00 US Bancorp Callable Note 1X 12/29/2020 2.35% Due 1/29/2021 125,000.00 1,223.96 126,223.96 DEC 2020 370,289.49 23,974.40 394,263.89 01/07/2021 Interest 3135G0X24 225,000.00 FNMA Note 1.625% Due 1/7/2025 0.00 1,828.13 1,828.13 01/10/2021 Interest 24422EUR8 150,000.00 John Deere Capital Corp Note 3.45% Due 1/10/2024 0.00 2,587.50 2,587.50 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 26 3.A.3.b Packet Pg. 39 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Cash Flow Report As of July 31, 2020 City of San Jacinto Account #10167 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/11/2021 Interest 06051GEU9 130,000.00 Bank of America Corp Note 3.3% Due 1/11/2023 0.00 2,145.00 2,145.00 01/11/2021 Interest 89236TDP7 130,000.00 Toyota Motor Credit Corp Note 2.6% Due 1/11/2022 0.00 1,690.00 1,690.00 01/15/2021 Paydown 477870AC3 40,000.00 John Deere Owner Trust 2019-B A3 2.21% Due 12/15/2023 945.33 65.02 1,010.35 01/15/2021 Paydown 47789JAB2 12,425.17 John Deere Owner Trust 2019-A A2 2.85% Due 12/15/2021 725.68 20.95 746.63 01/15/2021 Paydown 43815NAC8 80,000.00 Honda Auto Receivables Trust 2019-3 A3 1.78% Due 8/15/2023 3,893.15 87.43 3,980.58 01/15/2021 Paydown 47788BAD6 9,253.08 John Deere Owner Trust 2017-B A3 1.82% Due 10/15/2021 734.47 7.15 741.62 01/15/2021 Paydown 47787NAC3 25,000.00 John Deere Owner Trust 2020-B A3 0.51% Due 11/15/2024 0.00 10.63 10.63 01/15/2021 Paydown 47789KAC7 60,000.00 John Deere Owner Trust 2020-A A3 1.1% Due 8/15/2024 1,161.36 49.72 1,211.08 01/15/2021 Paydown 65478WAE5 43,420.94 Nissan Auto Receivables Trust 2016-C A4 1.38% Due 1/17/2023 2,887.04 33.40 2,920.44 01/15/2021 Paydown 65479JAD5 85,000.00 Nissan Auto Receivables Owner 2019-C A3 1.93% Due 7/15/2024 1,697.89 123.15 1,821.04 01/15/2021 Paydown 89237VAB5 55,000.00 Toyota Auto Receivables Trust 2020-C A3 0.44% Due 10/15/2024 0.00 20.17 20.17 01/18/2021 Paydown 89238KAD4 37,270.43 Toyota Auto Receivables Trust 2017-D A3 1.93% Due 1/18/2022 2,799.40 32.50 2,831.90 01/19/2021 Interest 3135G0T94 290,000.00 FNMA Note 2.375% Due 1/19/2023 0.00 3,443.75 3,443.75 01/21/2021 Interest 3137EAEU9 145,000.00 FHLMC Note 0.375% Due 7/21/2025 0.00 268.85 268.85 01/21/2021 Paydown 43815HAC1 51,722.77 Honda Auto Receivables Trust 2018-3 A3 2.95% Due 8/22/2022 4,734.30 55.92 4,790.22 01/29/2021 Interest 06406RAE7 145,000.00 Bank of NY Mellon Corp Callable Note Cont 12/29/2022 2.95% Due 1/29/2023 0.00 2,138.75 2,138.75 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 27 3.A.3.b Packet Pg. 40 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Cash Flow Report As of July 31, 2020 City of San Jacinto Account #10167 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/31/2021 Interest 912828S76 100,000.00 US Treasury Note 1.125% Due 7/31/2021 0.00 562.50 562.50 01/31/2021 Interest 912828Y87 220,000.00 US Treasury Note 1.75% Due 7/31/2024 0.00 1,925.00 1,925.00 01/31/2021 Interest 912828Y61 175,000.00 US Treasury Note 2.75% Due 7/31/2023 0.00 2,406.25 2,406.25 JAN 2021 19,578.62 19,501.77 39,080.39 02/05/2021 Interest 3135G0V34 375,000.00 FNMA Note 2.5% Due 2/5/2024 0.00 4,687.50 4,687.50 02/12/2021 Interest 3137EAEP0 245,000.00 FHLMC Note 1.5% Due 2/12/2025 0.00 1,837.50 1,837.50 02/15/2021 Paydown 47788BAD6 9,253.08 John Deere Owner Trust 2017-B A3 1.82% Due 10/15/2021 676.30 6.03 682.33 02/15/2021 Paydown 47789KAC7 60,000.00 John Deere Owner Trust 2020-A A3 1.1% Due 8/15/2024 1,164.55 48.66 1,213.21 02/15/2021 Paydown 65478WAE5 43,420.94 Nissan Auto Receivables Trust 2016-C A4 1.38% Due 1/17/2023 2,890.86 30.08 2,920.94 02/15/2021 Paydown 89237VAB5 55,000.00 Toyota Auto Receivables Trust 2020-C A3 0.44% Due 10/15/2024 0.00 20.17 20.17 02/15/2021 Paydown 65479JAD5 85,000.00 Nissan Auto Receivables Owner 2019-C A3 1.93% Due 7/15/2024 1,701.71 120.42 1,822.13 02/15/2021 Paydown 43815NAC8 80,000.00 Honda Auto Receivables Trust 2019-3 A3 1.78% Due 8/15/2023 3,786.15 81.65 3,867.80 02/15/2021 Paydown 477870AC3 40,000.00 John Deere Owner Trust 2019-B A3 2.21% Due 12/15/2023 947.31 63.27 1,010.58 02/15/2021 Paydown 47787NAC3 25,000.00 John Deere Owner Trust 2020-B A3 0.51% Due 11/15/2024 0.00 10.63 10.63 02/15/2021 Paydown 47789JAB2 12,425.17 John Deere Owner Trust 2019-A A2 2.85% Due 12/15/2021 727.40 19.23 746.63 02/17/2021 Interest 3135G0N82 315,000.00 FNMA Note 1.25% Due 8/17/2021 0.00 1,968.75 1,968.75 02/18/2021 Maturity 3130A7CV5 200,000.00 FHLB Note 1.375% Due 2/18/2021 200,000.00 1,375.00 201,375.00 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 28 3.A.3.b Packet Pg. 41 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Cash Flow Report As of July 31, 2020 City of San Jacinto Account #10167 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/18/2021 Paydown 89238KAD4 37,270.43 Toyota Auto Receivables Trust 2017-D A3 1.93% Due 1/18/2022 2,593.72 27.99 2,621.71 02/21/2021 Paydown 43815HAC1 51,722.77 Honda Auto Receivables Trust 2018-3 A3 2.95% Due 8/22/2022 4,377.66 44.28 4,421.94 02/28/2021 Interest 912828L24 150,000.00 US Treasury Note 1.875% Due 8/31/2022 0.00 1,406.25 1,406.25 02/28/2021 Interest 9128282U3 230,000.00 US Treasury Note 1.875% Due 8/31/2024 0.00 2,156.25 2,156.25 02/28/2021 Interest 912828ZC7 400,000.00 US Treasury Note 1.125% Due 2/28/2025 0.00 2,250.00 2,250.00 02/28/2021 Maturity 17275RBD3 150,000.00 Cisco Systems Note 2.2% Due 2/28/2021 150,000.00 1,650.00 151,650.00 FEB 2021 368,865.66 17,803.66 386,669.32 03/06/2021 Interest 3135G0W33 200,000.00 FNMA Note 1.375% Due 9/6/2022 0.00 1,375.00 1,375.00 03/08/2021 Interest 313383YJ4 200,000.00 FHLB Note 3.375% Due 9/8/2023 0.00 3,375.00 3,375.00 03/11/2021 Interest 313378WG2 300,000.00 FHLB Note 2.5% Due 3/11/2022 0.00 3,750.00 3,750.00 03/13/2021 Interest 3130A2UW4 150,000.00 FHLB Note 2.875% Due 9/13/2024 0.00 2,156.25 2,156.25 03/15/2021 Interest 084670BR8 150,000.00 Berkshire Hathaway Callable Note Cont 1/15/2023 2.75% Due 3/15/2023 0.00 2,062.50 2,062.50 03/15/2021 Interest 68389XBK0 200,000.00 Oracle Corp Callable Note Cont 8/15/2021 1.9% Due 9/15/2021 0.00 1,900.00 1,900.00 03/15/2021 Paydown 477870AC3 40,000.00 John Deere Owner Trust 2019-B A3 2.21% Due 12/15/2023 949.28 61.53 1,010.81 03/15/2021 Paydown 47787NAC3 25,000.00 John Deere Owner Trust 2020-B A3 0.51% Due 11/15/2024 0.00 10.63 10.63 03/15/2021 Paydown 47789JAB2 12,425.17 John Deere Owner Trust 2019-A A2 2.85% Due 12/15/2021 729.12 17.50 746.62 03/15/2021 Paydown 47789KAC7 60,000.00 John Deere Owner Trust 2020-A A3 1.1% Due 8/15/2024 1,167.76 47.59 1,215.35 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 29 3.A.3.b Packet Pg. 42 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Cash Flow Report As of July 31, 2020 City of San Jacinto Account #10167 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/15/2021 Paydown 65478WAE5 43,420.94 Nissan Auto Receivables Trust 2016-C A4 1.38% Due 1/17/2023 2,894.69 26.75 2,921.44 03/15/2021 Paydown 89237VAB5 55,000.00 Toyota Auto Receivables Trust 2020-C A3 0.44% Due 10/15/2024 0.00 20.17 20.17 03/15/2021 Paydown 65479JAD5 85,000.00 Nissan Auto Receivables Owner 2019-C A3 1.93% Due 7/15/2024 1,705.54 117.68 1,823.22 03/15/2021 Paydown 43815NAC8 80,000.00 Honda Auto Receivables Trust 2019-3 A3 1.78% Due 8/15/2023 3,678.90 76.03 3,754.93 03/15/2021 Paydown 47788BAD6 9,253.08 John Deere Owner Trust 2017-B A3 1.82% Due 10/15/2021 617.99 5.01 623.00 03/18/2021 Paydown 89238KAD4 37,270.43 Toyota Auto Receivables Trust 2017-D A3 1.93% Due 1/18/2022 2,387.54 23.82 2,411.36 03/21/2021 Paydown 43815HAC1 51,722.77 Honda Auto Receivables Trust 2018-3 A3 2.95% Due 8/22/2022 4,019.71 33.52 4,053.23 03/31/2021 Interest 9128284D9 210,000.00 US Treasury Note 2.5% Due 3/31/2023 0.00 2,625.00 2,625.00 03/31/2021 Interest 912828W89 200,000.00 US Treasury Note 1.875% Due 3/31/2022 0.00 1,875.00 1,875.00 03/31/2021 Interest 912828W71 210,000.00 US Treasury Note 2.125% Due 3/31/2024 0.00 2,231.25 2,231.25 03/31/2021 Interest 912828T34 125,000.00 US Treasury Note 1.125% Due 9/30/2021 0.00 703.13 703.13 MAR 2021 18,150.53 22,493.36 40,643.89 04/15/2021 Paydown 43815NAC8 80,000.00 Honda Auto Receivables Trust 2019-3 A3 1.78% Due 8/15/2023 3,571.38 70.58 3,641.96 04/15/2021 Paydown 477870AC3 40,000.00 John Deere Owner Trust 2019-B A3 2.21% Due 12/15/2023 951.26 59.78 1,011.04 04/15/2021 Paydown 47789JAB2 12,425.17 John Deere Owner Trust 2019-A A2 2.85% Due 12/15/2021 730.84 15.77 746.61 04/15/2021 Paydown 47787NAC3 25,000.00 John Deere Owner Trust 2020-B A3 0.51% Due 11/15/2024 0.00 10.63 10.63 04/15/2021 Paydown 65479JAD5 85,000.00 Nissan Auto Receivables Owner 2019-C A3 1.93% Due 7/15/2024 1,709.37 114.94 1,824.31 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 30 3.A.3.b Packet Pg. 43 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Cash Flow Report As of July 31, 2020 City of San Jacinto Account #10167 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/15/2021 Paydown 47788BAD6 9,253.08 John Deere Owner Trust 2017-B A3 1.82% Due 10/15/2021 559.57 4.07 563.64 04/15/2021 Paydown 47789KAC7 60,000.00 John Deere Owner Trust 2020-A A3 1.1% Due 8/15/2024 1,170.97 46.52 1,217.49 04/15/2021 Paydown 65478WAE5 43,420.94 Nissan Auto Receivables Trust 2016-C A4 1.38% Due 1/17/2023 2,898.50 23.43 2,921.93 04/15/2021 Paydown 89237VAB5 55,000.00 Toyota Auto Receivables Trust 2020-C A3 0.44% Due 10/15/2024 0.00 20.17 20.17 04/18/2021 Paydown 89238KAD4 37,270.43 Toyota Auto Receivables Trust 2017-D A3 1.93% Due 1/18/2022 2,180.85 19.98 2,200.83 04/21/2021 Call 808513AW5 150,000.00 Charles Schwab Corp Callable Note Cont 4/21/2021 3.25% Due 5/21/2021 150,000.00 2,031.25 152,031.25 04/21/2021 Paydown 43815HAC1 51,722.77 Honda Auto Receivables Trust 2018-3 A3 2.95% Due 8/22/2022 3,660.43 23.64 3,684.07 04/22/2021 Interest 3135G03U5 310,000.00 FNMA Note 0.625% Due 4/22/2025 0.00 968.75 968.75 APR 2021 167,433.17 3,409.51 170,842.68 05/03/2021 Interest 037833AK6 200,000.00 Apple Inc Note 2.4% Due 5/3/2023 0.00 2,400.00 2,400.00 05/11/2021 Maturity 369550BE7 125,000.00 General Dynamics Corp Note 3% Due 5/11/2021 125,000.00 1,875.00 126,875.00 05/13/2021 Interest 46625HJX9 145,000.00 JP Morgan Chase Note 3.625% Due 5/13/2024 0.00 2,628.13 2,628.13 05/15/2021 Paydown 47787NAC3 25,000.00 John Deere Owner Trust 2020-B A3 0.51% Due 11/15/2024 0.00 10.63 10.63 05/15/2021 Paydown 47788BAD6 9,253.08 John Deere Owner Trust 2017-B A3 1.82% Due 10/15/2021 501.03 3.22 504.25 05/15/2021 Paydown 43815NAC8 80,000.00 Honda Auto Receivables Trust 2019-3 A3 1.78% Due 8/15/2023 3,463.60 65.28 3,528.88 05/15/2021 Paydown 477870AC3 40,000.00 John Deere Owner Trust 2019-B A3 2.21% Due 12/15/2023 953.24 58.03 1,011.27 05/15/2021 Paydown 47789JAB2 12,425.17 John Deere Owner Trust 2019-A A2 2.85% Due 12/15/2021 732.58 14.03 746.61 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 31 3.A.3.b Packet Pg. 44 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Cash Flow Report As of July 31, 2020 City of San Jacinto Account #10167 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/15/2021 Paydown 47789KAC7 60,000.00 John Deere Owner Trust 2020-A A3 1.1% Due 8/15/2024 1,174.19 45.44 1,219.63 05/15/2021 Paydown 65478WAE5 43,420.94 Nissan Auto Receivables Trust 2016-C A4 1.38% Due 1/17/2023 2,902.34 20.09 2,922.43 05/15/2021 Paydown 65479JAD5 85,000.00 Nissan Auto Receivables Owner 2019-C A3 1.93% Due 7/15/2024 1,713.22 112.19 1,825.41 05/15/2021 Paydown 89237VAB5 55,000.00 Toyota Auto Receivables Trust 2020-C A3 0.44% Due 10/15/2024 0.00 20.17 20.17 05/18/2021 Paydown 89238KAD4 37,270.43 Toyota Auto Receivables Trust 2017-D A3 1.93% Due 1/18/2022 1,973.66 16.48 1,990.14 05/21/2021 Paydown 43815HAC1 51,722.77 Honda Auto Receivables Trust 2018-3 A3 2.95% Due 8/22/2022 3,299.83 14.64 3,314.47 05/31/2021 Interest 912828G53 220,000.00 US Treasury Note 1.875% Due 11/30/2021 0.00 2,062.50 2,062.50 05/31/2021 Interest 912828YV6 230,000.00 US Treasury Note 1.5% Due 11/30/2024 0.00 1,725.00 1,725.00 05/31/2021 Interest 912828M80 200,000.00 US Treasury Note 2% Due 11/30/2022 0.00 2,000.00 2,000.00 05/31/2021 Interest 912828ZT0 230,000.00 US Treasury Note 0.25% Due 5/31/2025 0.00 287.50 287.50 05/31/2021 Maturity 912828WN6 200,000.00 US Treasury Note 2% Due 5/31/2021 200,000.00 2,000.00 202,000.00 MAY 2021 341,713.69 15,358.33 357,072.02 06/08/2021 Interest 3130A0F70 220,000.00 FHLB Note 3.375% Due 12/8/2023 0.00 3,712.50 3,712.50 06/09/2021 Interest 3130A3KM5 100,000.00 FHLB Note 2.5% Due 12/9/2022 0.00 1,250.00 1,250.00 06/10/2021 Interest 313379Q69 200,000.00 FHLB Note 2.125% Due 6/10/2022 0.00 2,125.00 2,125.00 06/13/2021 Interest 3130A3GE8 250,000.00 FHLB Note 2.75% Due 12/13/2024 0.00 3,437.50 3,437.50 06/13/2021 Interest 3130AJKW8 225,000.00 FHLB Note 0.5% Due 6/13/2025 0.00 562.50 562.50 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 32 3.A.3.b Packet Pg. 45 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Cash Flow Report As of July 31, 2020 City of San Jacinto Account #10167 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/14/2021 Interest 3130A1XJ2 210,000.00 FHLB Note 2.875% Due 6/14/2024 0.00 3,018.76 3,018.76 06/15/2021 Paydown 43815NAC8 80,000.00 Honda Auto Receivables Trust 2019-3 A3 1.78% Due 8/15/2023 3,355.57 60.14 3,415.71 06/15/2021 Paydown 477870AC3 40,000.00 John Deere Owner Trust 2019-B A3 2.21% Due 12/15/2023 955.23 56.27 1,011.50 06/15/2021 Paydown 47787NAC3 25,000.00 John Deere Owner Trust 2020-B A3 0.51% Due 11/15/2024 0.00 10.63 10.63 06/15/2021 Paydown 47789JAB2 12,425.17 John Deere Owner Trust 2019-A A2 2.85% Due 12/15/2021 734.31 12.29 746.60 06/15/2021 Paydown 65479JAD5 85,000.00 Nissan Auto Receivables Owner 2019-C A3 1.93% Due 7/15/2024 1,717.08 109.43 1,826.51 06/15/2021 Paydown 47788BAD6 9,253.08 John Deere Owner Trust 2017-B A3 1.82% Due 10/15/2021 442.37 2.46 444.83 06/15/2021 Paydown 47789KAC7 60,000.00 John Deere Owner Trust 2020-A A3 1.1% Due 8/15/2024 1,177.42 44.37 1,221.79 06/15/2021 Paydown 65478WAE5 43,420.94 Nissan Auto Receivables Trust 2016-C A4 1.38% Due 1/17/2023 2,906.18 16.75 2,922.93 06/15/2021 Paydown 89237VAB5 55,000.00 Toyota Auto Receivables Trust 2020-C A3 0.44% Due 10/15/2024 0.00 20.17 20.17 06/18/2021 Paydown 89238KAD4 37,270.43 Toyota Auto Receivables Trust 2017-D A3 1.93% Due 1/18/2022 1,765.98 13.30 1,779.28 06/19/2021 Interest 3137EAEN5 200,000.00 FHLMC Note 2.75% Due 6/19/2023 0.00 2,750.00 2,750.00 06/21/2021 Paydown 43815HAC1 51,722.77 Honda Auto Receivables Trust 2018-3 A3 2.95% Due 8/22/2022 2,655.70 6.53 2,662.23 06/23/2021 Maturity 931142EJ8 200,000.00 Wal-Mart Stores Note 3.125% Due 6/23/2021 200,000.00 3,125.00 203,125.00 JUN 2021 215,709.84 20,333.60 236,043.44 07/07/2021 Interest 3135G0X24 225,000.00 FNMA Note 1.625% Due 1/7/2025 0.00 1,828.13 1,828.13 07/10/2021 Interest 24422EUR8 150,000.00 John Deere Capital Corp Note 3.45% Due 1/10/2024 0.00 2,587.50 2,587.50 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 33 3.A.3.b Packet Pg. 46 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Cash Flow Report As of July 31, 2020 City of San Jacinto Account #10167 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/11/2021 Interest 06051GEU9 130,000.00 Bank of America Corp Note 3.3% Due 1/11/2023 0.00 2,145.00 2,145.00 07/11/2021 Interest 89236TDP7 130,000.00 Toyota Motor Credit Corp Note 2.6% Due 1/11/2022 0.00 1,690.00 1,690.00 07/15/2021 Paydown 65479JAD5 85,000.00 Nissan Auto Receivables Owner 2019-C A3 1.93% Due 7/15/2024 1,720.94 106.67 1,827.61 07/15/2021 Paydown 477870AC3 40,000.00 John Deere Owner Trust 2019-B A3 2.21% Due 12/15/2023 957.21 54.52 1,011.73 07/15/2021 Paydown 47787NAC3 25,000.00 John Deere Owner Trust 2020-B A3 0.51% Due 11/15/2024 0.00 10.63 10.63 07/15/2021 Paydown 47789JAB2 12,425.17 John Deere Owner Trust 2019-A A2 2.85% Due 12/15/2021 736.05 10.55 746.60 07/15/2021 Paydown 47789KAC7 60,000.00 John Deere Owner Trust 2020-A A3 1.1% Due 8/15/2024 1,180.65 43.29 1,223.94 07/15/2021 Paydown 65478WAE5 43,420.94 Nissan Auto Receivables Trust 2016-C A4 1.38% Due 1/17/2023 2,910.02 13.41 2,923.43 07/15/2021 Paydown 89237VAB5 55,000.00 Toyota Auto Receivables Trust 2020-C A3 0.44% Due 10/15/2024 0.00 20.17 20.17 07/15/2021 Paydown 43815NAC8 80,000.00 Honda Auto Receivables Trust 2019-3 A3 1.78% Due 8/15/2023 3,247.27 55.16 3,302.43 07/15/2021 Paydown 47788BAD6 9,253.08 John Deere Owner Trust 2017-B A3 1.82% Due 10/15/2021 383.58 1.79 385.37 07/18/2021 Paydown 89238KAD4 37,270.43 Toyota Auto Receivables Trust 2017-D A3 1.93% Due 1/18/2022 1,557.79 10.46 1,568.25 07/19/2021 Interest 3135G0T94 290,000.00 FNMA Note 2.375% Due 1/19/2023 0.00 3,443.75 3,443.75 07/21/2021 Interest 3137EAEU9 145,000.00 FHLMC Note 0.375% Due 7/21/2025 0.00 271.88 271.88 07/29/2021 Interest 06406RAE7 145,000.00 Bank of NY Mellon Corp Callable Note Cont 12/29/2022 2.95% Due 1/29/2023 0.00 2,138.75 2,138.75 07/31/2021 Interest 912828Y61 175,000.00 US Treasury Note 2.75% Due 7/31/2023 0.00 2,406.25 2,406.25 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 34 3.A.3.b Packet Pg. 47 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Cash Flow Report As of July 31, 2020 City of San Jacinto Account #10167 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/31/2021 Interest 912828Y87 220,000.00 US Treasury Note 1.75% Due 7/31/2024 0.00 1,925.00 1,925.00 07/31/2021 Maturity 912828S76 100,000.00 US Treasury Note 1.125% Due 7/31/2021 100,000.00 562.50 100,562.50 JUL 2021 112,693.51 19,325.41 132,018.92 TOTAL 2,202,657.61 208,010.76 2,410,668.37 Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 35 3.A.3.b Packet Pg. 48 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Important DisclosuresCity of San Jacinto Account #10167 Chandler Asset Management, Inc. ;͞Chandler͟Ϳis an SEC registered investment adviser. 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Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A. Performance: Performance results are presented gross-of-advisory fees and represent the client ͛s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio. Source ice Data Indices, LLC ("ICE"), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN "AS IS" BASIS; ICE, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM. NEITHER ICE DATA, ITS AFFILIATES OR THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN "AS IS" BASIS AND LICENSEE'S USE IS AT LICENSEE'S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES. Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index. Ratings: Ratings information have been provided by Moody͛s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy. Security level ratings for U.S. Agency issued mortgage-backed securities ;͞MBS͟Ϳreflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody ͛s and Fitch respectively. Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 36 3.A.3.b Packet Pg. 49 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Benchmark Index & DisclosuresCity of San Jacinto California Account #10167 Benchmark Index Disclosure City of San Jacinto 1-5 Year Govt Blended Index* The ICE BAML 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody ͛s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies. (Index: GVA0. Please visit www.mlindex.ml.com for more information) The ICE BAML 1-3 Year US Treasury Index tracks the performance of US dollar denominated sovereign debt publicly issued by the US government in its domestic market. Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, a fixed coupon schedule and a minimum amount outstanding of $1 billion. Qualifying securities must have at least 18 months to final maturity at the time of issuance. (Index: G 1O2. Please visit www.mlindex.ml.com for more information) City of San Jacinto 1-5 Yr Corp/Gov AAA-A Blend* Execution Time: 8/3/2020 6:28:44 PMChandler Asset Management - CONFIDENTIAL Page 37 3.A.3.b Packet Pg. 50 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) City of San Jacinto Public Trust Advisors LLC 595 S. San Jacinto Ave.550 South Hope Street San Jacinto, CA 92583 Suite 560 Los Angeles, CA 90071 Monthly Investment Report for Period Ended July 31, 2020 3.A.3.c Packet Pg. 51 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Investment Management Portfolio Review Page Investment Portfolio Summary Comparison 3 Total Return Performance Summary 4 Investment Portfolio Maturity Distribution 6 Investment Portfolio Maturity Distribution By Security Type 7 Investment Portfolio Rating Distribution 8 Investment Portfolio Security Distribution - Market Value 9 Investment Portfolio Security Distribution - Historical Cost 10 Investment Portfolio Compliance 11 Additional Disclosure 12 Portfolio Holdings Detail 13 City of San Jacinto Summary 3.A.3.c Packet Pg. 52 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) City of San Jacinto July 1, 2020 Beginning Balance July 31, 2020 Ending Balance Portfolio Characteristic July 1, 2020 Beginning Balance July 31, 2020 Ending Balance Historical Cost 10,944,582.60$ 10,973,081.10$ Book Yield Gross 1.59%1.59% Book Value 10,947,184.09$ 10,973,910.51$ Market Yield Gross 0.27%0.21% Accrued Interest 50,202.45 37,966.19 Weighted Average Coupon 1.80%1.80% Book Value Plus Accrued 10,997,386.54$ 11,011,876.70$ Duration 2.55 Years 2.46 Years Net Unrealized Gain/Loss 325,422.11 330,359.50 Weighted Effective Maturity 2.69 Years 2.60 Years Market Value Plus Accrued(2)11,322,808.65$ 11,342,236.20$ Weighted Final Maturity 2.71 Years 2.62 Years Net Pending Transactions 0.44 0.28 Market Value Plus Accrued Net(2)11,322,809.09$ 11,342,236.48$ City of San Jacinto July 2020 Net Income Portfolio Compliance Compliant Interest Income 16,366.25$ Security Distribution YES Net Amortization/Accretion (1,772.08)Maturity Distribution YES Net Realized Gain/Loss(3)0.00 Rating Distribution YES Miscellaneous Income - Net Income 14,594.17$ City of San Jacinto Summary Comparison for the period July 1, 2020 to July 31, 2020 (1) Payables represent amounts due to settle security transactions that have been executed but have not settled as of period end. The funds used to settle these trades may come from a variety of sources including cash within the portfolio, proceeds from future security transactions including maturities and sales, or other sources including money market funds. For reporting purposes, a payable is created for over-period settlements which are reflected in the detailed holdings. (2) Market Value Plus Accrued Net represents the market value of the portfolio net payables and recievables from transactions that settle in the following reporting period. (3) MBS paydowns may result in negative realized losses rather than amortization in as a result of accounting method. Page 3 3.A.3.c Packet Pg. 53 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Trailing Month Trailing 3 Months Trailing 12 Months Year to Date Total Return Performance Periodic Periodic Periodic Periodic City of San Jacinto 0.17%0.54%NA NA BofA ML 1-5 Year U.S. Treasury/Agency 0.16%0.37%NA NA Since Inception* Trailing 3 Years Trailing 5 Years February 1, 2020 Total Return Performance Annualized Annualized Annualized City of San Jacinto NA NA NA BofA ML 1-5 Year U.S. Treasury/Agency NA NA NA *Original Total return since inception date: December 1, 2012. The BofA ML 1-5 Year U.S. Treasury/Agency benchmark established on February 1, 2020. Annualized total return performance presented for investment periods longer than one year. Return information obtained from Bloomberg. City of San Jacinto Total Return July 1, 2020 to July 31, 2020 0.17% 0.16% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% Trailing Month Trailing 3 Months Trailing 12 Months Year to Date Trailing 3 Years Trailing 5 Years February 1, 2020YieldTotal Return Performance vs. Benchmark City of San Jacinto BofA ML 1-5 Year U.S. Treasury/Agency Page 4 3.A.3.c Packet Pg. 54 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Trailing Month Trailing 3 Months Trailing 12 Months Year to Date Total Return Performance Periodic Periodic Periodic Periodic City of San Jacinto 0.17%0.54%5.61%4.33% Trailing 3 Years Trailing 5 Years Since Inception* Total Return Performance Annualized Annualized Annualized City of San Jacinto 3.16%2.17%1.68% *Total return since inception date: December 1, 2012 Annualized total return performance presented for investment periods longer than one year. Return information obtained from Bloomberg. City of San Jacinto Total Return July 1, 2020 to July 31, 2020 0.17% 0.54% 5.61% 4.33% 3.16% 1.68% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% Trailing Month Trailing 3 Months Trailing 12 Months Year to Date Trailing 3 Years Trailing 5 Years Since Inception*YieldTotal Return Performance City of San Jacinto Page 5 3.A.3.c Packet Pg. 55 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Maturity Distribution July 1, 2020 Beginning Balance July 31, 2020 Ending Balance Portfolio Allocation Distribution Change 0-3 Months 46,121.65$ 74,620.15$ 0.66%0.25% 3-6 Months - - 0.00%0.00% 6-9 Months - - 0.00%0.00% 9-12 Months 210,043.53 885,755.23 7.81%5.95% 1-2 Years 3,217,718.58 2,913,716.35 25.69%-2.73% 2-3 Years 3,902,203.17 3,517,320.53 31.01%-3.45% 3-4 Years 1,558,287.44 1,930,804.57 17.02%3.26% 4-5 Years 2,388,434.28 2,020,019.38 17.81%-3.28% 5-6 Years - - 0.00%0.00% 6 Years +- - 0.00%0.00% Total Portfolio 11,322,808.65$ 11,342,236.20$ 100.00% City of San Jacinto Maturity Distribution Market Value Basis July 1, 2020 to July 31, 2020 $- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 0-3 M 3-6 M 6-9 M 9-12 M 1-2 Yr 2-3 Yr 3-4 Yr 4-5 Yr 5-6 Yr 6 Yr + Maturity Distribution Comparison July 1, 2020 July 31, 2020 0-3 M 0.66% 9-12 M 7.81%1-2 Yr 25.69% 2-3 Yr 31.01% 3-4 Yr 17.02%4-5 Yr 17.81% Maturity Distribution Page 6 3.A.3.c Packet Pg. 56 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Security Distribution 0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years Total Portfolio Cash -$ -$ -$ -$ -$ -$ -$ -$ -$ Money Market Funds 74,620 - - - - - - - 74,620 Certificates of Deposit - - - - - - - - - Commercial Paper - - - - - - - - - U.S. Treasury Notes - - - 885,755 2,442,263 709,365 1,627,860 1,476,416 7,141,659 U.S. Agency Notes - - - - - - - - - Federal Inst. (GSE)*- - - - 471,453 1,920,512 302,944 543,603 3,238,513 Corporate Notes - - - - - 887,443 - - 887,443 Asset Backed (ABS)- - - - - - - - - Municipal Bonds - - - - - - - - - Total 74,620$ -$ -$ 885,755$ 2,913,716$ 3,517,321$ 1,930,805$ 2,020,019$ 11,342,236$ *Mortgage backed securities shown to effective maturity. City of San Jacinto Maturity Distribution Market Value Basis as of July 31, 2020 $- $5,000,000 0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years Maturity Distribution By Type Municipal Bonds Asset Backed (ABS) Corporate Notes Federal Inst. (GSE)* U.S. Agency Notes U.S. Treasury Notes Commercial Paper Certificates of Deposit Money Market Funds Cash Page 7 3.A.3.c Packet Pg. 57 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) S&P Rating Distribution July 31, 2020 Ending Balance Portfolio Allocation Short Term Rating Distribution A-1+-$ 0.00% A-1 - 0.00% A-2 - 0.00% Total Short Term Ratings -$ 0.00% Long Term Rating Distribution AAA Rating 626,873.86$ 5.53% AA Rating 10,715,362.34 94.47% A Rating - 0.00% Below A - 0.00% Not Rated - 0.00% Total Long Term Rating 11,342,236.20$ 100.00% Total Portfolio 11,342,236.20$ 100.00% Moody's Rating Distribution July 31, 2020 Ending Balance Portfolio Allocation Short Term Rating Distribution P-1 -$ 0.00% P-2 - 0.00% Total Short Term Ratings -$ 0.00% Long Term Rating Distribution Aaa Rating 10,704,102.51$ 94.37% Aa Rating 638,133.70 5.63% A Rating - 0.00% Below A - 0.00% Not Rated - 0.00% Total Long Term Rating 11,342,236.20$ 100.00% Total Portfolio 11,342,236.20$ 100.00% City of San Jacinto Rating Distribution Market Value Basis as of July 31, 2020 AAA Rating 5.53% AA Rating 94.47% Portfolio Allocation By Standard and Poors' Rating Aaa Rating 94.37% Aa Rating 5.63% Portfolio Allocation By Moody's Rating Page 8 3.A.3.c Packet Pg. 58 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Security Distribution July 1, 2020 Beginning Balance Portfolio Allocation July 31, 2020 Ending Balance Book Yield Portfolio Allocation Change in Allocation Permitted by Policy*Compliant Cash -$ 0.00%-$ 0.00%0.00%0.00%YES LGIP - 0.00%- 0.00%0.00%0.00%YES U.S. Treasury Notes 7,152,287.64 63.17%7,141,659.46 1.81%62.97%-0.20%NO U.S. Agency Notes - 0.00%- 0.00%0.00%0.00%YES FNMA 136,426.07 1.20%134,854.44 2.65%1.19%-0.02%NO FHLMC 1,890,283.05 16.69%1,894,345.48 1.48%16.70%0.01%NO FFCB 671,347.44 5.93%672,167.26 0.43%5.93%0.00%NO FHLB 535,919.42 4.73%537,146.18 1.09%4.74%0.00%NO Fed Instrumentality Subtotal 3,233,975.97$ 28.56%3,238,513.35$ 1.24%28.55%-0.01%NO Asset Backed Securities - 0.00%- 0.00%0.00%0.00%YES Commercial Paper - 0.00%- 0.00%0.00%0.00%YES Corporate Notes 890,423.39 7.86%887,443.23 1.19%7.82%-0.04%NO Bankers Acceptances - 0.00%- 0.00%0.00%0.00%YES Money Market Funds 46,121.65 0.41%74,620.15 0.01%0.66%0.25%YES Municipal Bonds - 0.00%- 0.00%0.00%0.00%YES Intergovernmental Funds - 0.00%- 0.00%0.00%0.00%YES Certificates of Deposit - 0.00%- 0.00%0.00%0.00%YES Total Portfolio Market Value 11,322,808.65$ 100.00%11,342,236.20$ 1.59%100.00% *Permitted allocation based on aggregate assets as defined within the investment policy. City of San Jacinto Market Value Basis Security Distribution July 1, 2020 to July 31, 2020 $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 CashLGIPUSTAgencyFNMAFHLMCFFCBFHLBABSCPCorpBAMMFMuniInter GovCDAsset Balance By Security Type (in millions) July 1, 2020 July 31, 2020 UST 62.97% FNMA 1.19%FHLMC 16.70% FFCB 5.93% FHLB 4.74% Corp 7.82% MMF 0.66% Ending Portfolio Allocation Page 9 3.A.3.c Packet Pg. 59 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Security Distribution July 1, 2020 Beginning Balance Portfolio Allocation July 31, 2020 Ending Balance Book Yield Portfolio Allocation Change in Allocation Permitted by Policy*Compliant Cash -$ 0.00%-$ 0.00%0.00%0.00%YES U.S. Treasury Notes 6,871,364.28 62.78%6,871,364.28 1.81%62.62%-0.16%NO U.S. Agency Notes - 0.00%- 0.00%0.00%0.00%YES FNMA 129,906.40 1.19%129,906.40 2.65%1.18%0.00%NO FHLMC 1,836,035.72 16.78%1,836,035.72 1.48%16.73%-0.04%NO FFCB 668,412.10 6.11%668,412.10 0.43%6.09%-0.02%NO FHLB 523,332.00 4.78%523,332.00 1.09%4.77%-0.01%NO Fed Instrumentality Subtotal 3,157,686.22$ 28.85%3,157,686.22$ 1.24%28.78%-0.07%NO Asset Backed Securities - 0.00%- 0.00%0.00%0.00%YES Commercial Paper - 0.00%- 0.00%0.00%0.00%YES Corporate Notes 869,410.45 7.94%869,410.45 1.19%7.92%-0.02%NO Bankers Acceptances - 0.00%- 0.00%0.00%0.00%YES Money Market Funds 46,121.65 0.42%74,620.15 0.01%0.68%0.26%YES Municipal Bonds - 0.00%- 0.00%0.00%0.00%YES Intergovernmental Funds - 0.00%- 0.00%0.00%0.00%YES Certificates of Deposit - 0.00%- 0.00%0.00%0.00%YES Total Portfolio Historical Cost 10,944,582.60$ 100.00%10,973,081.10$ 1.59%100.00% *Permitted allocation based on aggregate assets as defined within the investment policy. City of San Jacinto Historical Cost Basis Security Distribution July 1, 2020 to July 31, 2020 $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 CashUSTAgencyFNMAFHLMCFFCBFHLBABSCPCorpBAMMFMuniInter GovCDAsset Balance By Security Type (in millions) July 1, 2020 July 31, 2020 UST 62.62% FNMA 1.18% FHLMC 16.73%FFCB 6.09% FHLB 4.77% Corp 7.92% MMF 0.68% Ending Portfolio Allocation Page 10 3.A.3.c Packet Pg. 60 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Policy Section Description Compliance Requirement Compliant Policy Section Description Compliance Requirement Compliant IX. 1,2 Municipal Bonds Rated A or better by 1 NRSRO, 5% issuer limitation, 30% total portfolio limit, 5-year maturity limit Compliant IX. 14 Pass-Through Securities Issuer debt rated at least A by 2 NRSRO's; Must be rated in the AA category by 2 NRSRO's; 20% total portfolio limit, 5-year maturity limit Compliant IX. 1 U.S. Treasury No limitations Compliant IX. 2 Federal Agency No limitations Compliant IX. 3 Bankers Acceptances Rated 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 limit Compliant IX. 4 Federally Insured Time Deposits Limited to amounts covered under federal insurance; 20% total portfolio limit in combination with IX.5; 5-year maturity limit Compliant IX. 17.b Money Market Funds Registered 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 Compliant IX. 5 Time Deposits Fully collateralized per CA law, 20% limit when combined with IX.4; Issuer must have long-term debt rated A or higher and/or short-term debt rated A1 or higher by 2 NRSRO's, 5-year maturity limit Compliant IX. 18 Supranationals US dollar denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by IBRD, IFC, or IADB; rated AA or higher by 1 NRSRO; 30% total portfolio limit; 10% issuer limit; 5-year maturity limit Compliant IX. 6 CDARS 30% limit in combination of CD's (including CDARS); 5-year maturity limit Compliant X.A.1 Futures and Options Prohibited Compliant IX. 7 Negotiable CD's Issuer 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 limit Compliant X.A.2 Inverse Floaters, Range Notes, and Mortgage Derived IO Strips Prohibited Compliant IX. 8 Collateralized Bank Deposits Collateralized with pleged securities per CA Government Code Section 53651 Compliant X.A.3 Potential Zero Accrual Securities Prohibited Compliant X.A.5 Purchasing Securities on Margin Prohibited Compliant X.A.6 Reverse Repos or other leverage Prohibited Compliant X.A.7 Foreign Currency Securities Prohibited Compliant X.B.2 Single Issuer Limitation 5% issuer limitation, except U.S. Government, its agencies & enterprises, Money Market Mutual Funds, Mutual Funds, LAIF, LGIP's, and Supranationals Compliant IX. 11 Local Agency Investment Fund 70% total portfolio limit, up to the maximum permitted balance Compliant X.C.2 Callable Security Limitation 20% of total portfolio (excluding Make Whole Call securities)Compliant IX. 12 Local Government Investment Pools Riveride County Investment Fund limited to 70% of the portfolio; JPA Pools limited to 50% of the portfolio Compliant X.C.3 Maximum Security Maturity Individual security maturities limited to 5-years or less Compliant IX. 13 Corporate Bonds Corporations 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 limit Compliant X.C.4 Portfolio Duration Limitation Average portfolio duration will be managed to be approximatly equal to the Market Benchmark selected by the City (typically +/- 20 of benchmark duration) Compliant IX. 9 Repurchase Agreements Collateralized 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 form Compliant IX. 10 Commercial Paper Issuer 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 or higher by 2 NRSRO's; Maturity ≤ 270 days; 25% total portfolio limit; 5% issuer limit Compliant City of San Jacinto Portfolio Compliance July 1, 2020 to July 31, 2020 IX. 17.e Mutual Funds Invests in securities authorized by specified provisions in CA Government Code Section 53601; 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; 10% per fund limit; 20% limit when combined with IX.17.b Compliant Page 11 3.A.3.c Packet Pg. 61 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Additional Disclosure This information is for the sole purposes of the client and is not intended to provide specific advice or recommendations. Please review the contents of this information carefully. Should you have any questions regarding the information presented, calculation methodology, investment portfolio, security detail, or any other facet of this information, please feel free to contact us. Public Trust Advisors, LLC (Public Trust) statements and reports are intended to detail our investment advisory activity as well as the activity of certain client accounts managed by Public Trust. The custodian bank maintains the control of assets and executes and settles all investment transactions. The custodian statement is the official record of security and cash holdings transactions. Public Trust recognizes that clients may use these reports to facilitate record keeping; therefore, it is recommended that the client reconcile this information with their custodian bank statement. Many custodians use a settlement date basis that may result in the need to reconcile due to a timing difference. The underlying market value, amortized cost, and accrued interest may differ between the custodian and this statement or report. This can be attributed to differences in calculation methodologies and pricing sources used. Public Trust does not have the authority to withdraw funds from or deposit funds to the custodian. Our clients retain responsibility for their internal accounting policies, implementing and enforcing internal controls, and generating ledger entries or otherwise recording transactions. The total market value represents prices obtained from various sources; it may be impacted by the frequency at which prices are reported, and such prices are not guaranteed. Prices received from pricing vendors are generally based on current market quotes but when such quotes are not available, the pricing vendors use a variety of techniques to estimate value. These estimates, particularly for fixed-income securities, may be based on certain minimum principal amounts (e.g. $1 million) and may not reflect all the factors that affect the value of the security including liquidity risk. The prices provided are not firm bids or offers. Certain securities may reflect N/A or unavailable where the price for such security is generally not available from a pricing source. The market value of a security, including those priced at par value, may differ from its purchase price and may not closely reflect the value at which the security may be sold or purchased based on various market factors. The securities in this investment portfolio, including shares of mutual funds, are not guaranteed or otherwise protected by Public Trust, the FDIC (except for certain non-negotiable certificates of deposit), or any government agency unless specifically stated otherwise. Clients may be permitted to establish one or more unmanaged accounts for the purposes of client reporting. Clients may also be permitted to provide externally managed assets for the purposes of client reporting. Public Trust defines unmanaged accounts or assets as one where the investment direction remains the sole responsibility of the client rather than the Investment Manager. Unmanaged accounts or external assets do not receive ongoing supervision and monitoring services. The Investment Manager does not make any investment recommendations and may not charge a fee for reporting on these accounts or assets. The primary purpose for this service is to include unmanaged accounts or assets owned by the client in the performance reports provided by the Investment Manager. The Investment Manager assumes no liability for the underlying performance of any unmanaged accounts or assets, and it is the client’s sole responsibility for the accuracy or correctness of any such performance. Beginning and ending balances are based on market value plus accrued interest on a trade date basis. Statements and reports made available to the end user either from Public Trust or through the online reporting platform may present information and portfolio analytics using various optional methods including, but not limited to, historical cost, amortized cost, and market value. All information is assumed to be correct, but the accuracy has not been confirmed and therefore is not guaranteed to be correct. Information is obtained from third party sources that may or may not be verified. The data in this report is unaudited and is only applicable for the date denoted on the report. Market values may change day-to-day based on numerous circumstances such as trading volume, news released about the underlying issuer, issuer performance, etc. Underlying market values may be priced via numerous aspects as certain securities are short term in nature and not readily traded. Performance results are shown net of all fees and expenses and reflect the reinvestment of dividends and other earnings. Many factors affect performance including changes in market conditions and interest rates and in response to other economic, political, or financial developments. Investment involves risk including the possible loss of principal. No assurance can be given that the performance objectives of a given strategy will be achieved. Past performance is no guarantee of future results. Any financial and/or investment decision may incur losses. The investment advisor providing these services is Public Trust Advisors, LLC, an investment adviser registered with the U.S.Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940, as amended. Registration with the SEC does not imply a certain level of skill or training. Public Trust is required to maintain a written disclosure brochure of our background and business experience. If you would like to receive a copy of our current disclosure brochure, Privacy Policy, or Code of Ethics, or have any questions regarding your account please contact us. Public Trust Advisors 717 17th Street, Suite 1850 Denver, CO 80202 Page 12 3.A.3.c Packet Pg. 62 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Portfolio Holdings Portfolio Income Portfolio Transactions Issuer Concentration Security Concentration Portfolio Activity Summary City of San Jacinto Detail Page 13 3.A.3.c Packet Pg. 63 Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Month End Report Trade Date copySan Jacinto, City of (66779)Month End (M7 Y2020)07/01/2020 - 07/31/2020Dated: 08/06/2020Locked Down3.A.3.cPacket Pg. 64Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Holdings Report Trade Date (San Jacinto, City of (66779))1Income Detail Report Trade Date (San Jacinto, City of (66779))4Transactions Realized Gain Loss Report (San Jacinto, City of (66779))6Issuer Concentration with Yield GASB 40 Trade Date (San Jacinto, City of(66779))7Security Type GASB 40 Trade Date (San Jacinto, City of (66779))11Portfolio Activity Summary (San Jacinto, City of (66779))15Table of ContentsDated: 08/06/20203.A.3.cPacket Pg. 65Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Description,Identifier,Security Type,CouponEffective Maturity,Final Maturity,Callable,Next Call DateOriginal Cost,Current Units,Market PriceTrade Date,Settle DateMoodysRating,S&P Rating,Fitch RatingBook Value,Book Value + AccruedAccrued Balance,Net Unrealized Gain/LossMarket Value,Market Value + AccruedFEDERAL NATIONAL MORTGAGE ASSOCIATION3135G0U92AGCY BOND2.62501/11/202201/11/2022N---129,906.40130,000.00103.588401/09/201901/11/2019AaaAA+---129,954.07130,143.65189.584,710.79134,664.86134,854.44FEDERAL HOME LOAN MORTGAGE CORP3137EAEP0AGCY BOND1.50002/12/202502/12/2025N---299,769.00300,000.00105.048102/13/202002/14/2020AaaAA+---299,789.67301,877.172,087.5015,354.49315,144.16317,231.66FEDERAL HOME LOAN BANKS3130AJ7E3AGCY BOND1.37502/17/202302/17/2023N---299,448.00300,000.00102.980402/20/202002/21/2020AaaAA+---299,528.59301,361.921,833.339,412.64308,941.23310,774.56FEDERAL FARM CREDIT BANKS FUNDING CORP3133ELWD2AGCY BOND0.37504/08/202204/08/2022N---334,504.20335,000.00100.359604/03/202004/08/2020AaaAA+---334,581.83334,976.15394.321,622.84336,204.67336,599.00FEDERAL HOME LOAN BANKS3130AJHU6AGCY BOND0.50004/14/202504/14/2025N---223,884.00225,000.00100.463804/15/202004/16/2020AaaAA+---223,948.43224,276.55328.132,095.06226,043.49226,371.61FEDERAL HOME LOAN MORTGAGE CORP3137EAEQ8AGCY BOND0.37504/20/202304/20/2023N---334,162.50335,000.00100.417004/17/202004/20/2020AaaAA+---334,240.61334,593.06352.452,156.24336,396.85336,749.30FEDERAL HOME LOAN MORTGAGE CORP3137EAER6AGCY BOND0.37505/05/202305/05/2023N---334,859.30335,000.00100.410805/05/202005/07/2020AaaAA+---334,870.37335,163.50293.131,505.84336,376.21336,669.34FEDERAL FARM CREDIT BANKS FUNDING CORP3133ELG81AGCY BOND0.30006/08/202306/08/2023N---333,907.90335,000.00100.125506/05/202006/09/2020AaaAA+---333,960.39334,108.35147.961,459.91335,420.30335,568.26EXXON MOBIL CORP30231GBB7CORP1.90208/16/202208/16/2022N---75,000.0075,000.00103.275508/13/201908/16/2019Aa1AA---75,000.0075,653.81653.812,456.6177,456.6178,110.42APPLE INC037833DE7CORP2.40012/13/202201/13/2023Y12/13/2022304,260.00300,000.00104.858312/10/201912/12/2019Aa1AA+---303,377.60303,737.60360.0011,197.25314,574.85314,934.85MICROSOFT CORP594918AT1CORP2.37502/01/202305/01/2023Y02/01/2023246,484.45235,000.00105.495404/28/202004/30/2020AaaAAA---245,436.89246,832.201,395.312,477.34247,914.23249,309.54WALMART INC931142EK5CORP3.40005/26/202306/26/2023Y05/26/2023243,666.00225,000.00108.597604/29/202005/01/2020Aa2AA---242,153.53242,897.28743.752,191.13244,344.67245,088.42FHMS K-033 A23137B4WB8FHLMC3.06006/09/202307/25/2023Y---258,544.92250,000.00106.846112/12/201912/17/2019AaaAA+---256,971.16257,608.66637.5010,144.19267,115.35267,752.85FHMS K-725 A2US3137BWWD24FHLMC3.00212/27/202301/25/2024Y---289,012.50280,000.00107.944212/12/201912/17/2019AaaAAA---287,583.92288,284.38700.4714,659.79302,243.70302,944.17FHMS K-024 A23137AXHP1FHLMC CMO2.57308/19/202209/25/2022Y---319,687.50320,000.00103.847505/02/201905/07/2019AaaAA+---319,601.63320,287.76686.1312,710.40332,312.03332,998.17FIRST AMER:GVT OBLG Y31846V203MMFUND0.01007/31/202007/31/2020N---74,620.1574,620.151.0000------AaaAAAm---74,620.1574,620.150.000.0074,620.1574,620.15Holdings Report Trade DateSan Jacinto, City of (66779)As of 07/31/2020Return to Table of ContentsDated: 08/06/202013.A.3.cPacket Pg. 66Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Description,Identifier,Security Type,CouponEffective Maturity,Final Maturity,Callable,Next Call DateOriginal Cost,Current Units,Market PriceTrade Date,Settle DateMoodysRating,S&P Rating,Fitch RatingBook Value,Book Value + AccruedAccrued Balance,Net Unrealized Gain/LossMarket Value,Market Value + AccruedUNITED STATES TREASURY912828F21US GOV2.12509/30/202109/30/2021N---428,491.99435,000.00102.300812/17/201812/20/2018AaaAA+---432,218.89435,325.393,106.5112,789.59445,008.48448,114.99UNITED STATES TREASURY9128285R7US GOV2.62512/15/202112/15/2021N---250,664.06250,000.00103.406201/10/201901/15/2019AaaAA+---250,319.80251,162.52842.738,195.70258,515.50259,358.23UNITED STATES TREASURY912828XG0US GOV2.12506/30/202206/30/2022N---148,089.85150,000.00103.820302/13/201902/15/2019AaaAA+---148,898.18149,175.36277.176,832.27155,730.45156,007.62UNITED STATES TREASURY912828D72US GOV2.00008/31/202108/31/2021N---246,748.05250,000.00102.023402/13/201902/15/2019AaaAA+---248,588.69250,681.082,092.396,469.81255,058.50257,150.89UNITED STATES TREASURY912828W55US GOV1.87502/28/202202/28/2022N---98,101.56100,000.00102.757802/13/201902/15/2019AaaAA+---98,993.4599,778.09784.653,764.35102,757.80103,542.45UNITED STATES TREASURY912828V72US GOV1.87501/31/202201/31/2022N---313,621.88315,000.00102.605505/29/201905/31/2019AaaAA+---314,219.46314,235.5116.058,987.86323,207.33323,223.37UNITED STATES TREASURY912828SF8US GOV2.00002/15/202202/15/2022N---314,778.52315,000.00102.863305/29/201905/31/2019AaaAA+---314,875.02317,782.712,907.699,144.38324,019.40326,927.09UNITED STATES TREASURY912828L57US GOV1.75009/30/202209/30/2022N---374,765.63375,000.00103.515606/26/201906/27/2019AaaAA+---374,845.36377,050.792,205.4313,338.14388,183.50390,388.93UNITED STATES TREASURY912828J76US GOV1.75003/31/202203/31/2022N---179,374.22180,000.00102.691407/09/201907/11/2019AaaAA+---179,614.83180,673.431,058.615,229.69184,844.52185,903.13UNITED STATES TREASURY912828L24US GOV1.87508/31/202208/31/2022N---100,953.13100,000.00103.644508/08/201908/09/2019AaaAA+---100,653.48101,438.12784.652,991.02103,644.50104,429.15UNITED STATES TREASURY912828N30US GOV2.12512/31/202212/31/2022N---81,368.7580,000.00104.828109/10/201909/12/2019AaaAA+---81,008.6781,156.50147.832,853.8183,862.4884,010.31UNITED STATES TREASURY912828L24US GOV1.87508/31/202208/31/2022N---125,668.95125,000.00103.644509/17/201909/18/2019AaaAA+---125,475.61126,456.41980.814,080.02129,555.63130,536.43UNITED STATES TREASURY9128287C8US GOV1.75007/15/202207/15/2022N---370,925.00370,000.00103.171910/29/201910/30/2019AaaAA+---370,673.51370,972.63299.1211,062.52381,736.03382,035.15UNITED STATES TREASURY912828Y87US GOV1.75007/31/202407/31/2024N---351,162.11350,000.00106.281212/06/201912/10/2019AaaAA+---351,008.42351,025.0716.6420,975.78371,984.20372,000.84UNITED STATES TREASURY912828YE4US GOV1.25008/31/202408/31/2024N---294,257.81300,000.00104.375012/06/201912/10/2019AaaAA+---295,012.98296,582.281,569.2918,112.02313,125.00314,694.29UNITED STATES TREASURY9128286Z8US GOV1.75006/30/202406/30/2024N---351,121.09350,000.00106.171912/06/201912/10/2019AaaAA+---350,968.83351,501.44532.6120,632.82371,601.65372,134.26Holdings Report Trade DateSan Jacinto, City of (66779)As of 07/31/2020Return to Table of ContentsDated: 08/06/202023.A.3.cPacket Pg. 67Attachment: July 2020 (Treasurer’s Report at July 31, 2020) * Filtered By: Description ¹ "Payable" and Description ¹ "Receivable". * Weighted by: Market Value + Accrued.Description,Identifier,Security Type,CouponEffective Maturity,Final Maturity,Callable,Next Call DateOriginal Cost,Current Units,Market PriceTrade Date,Settle DateMoodysRating,S&P Rating,Fitch RatingBook Value,Book Value + AccruedAccrued Balance,Net Unrealized Gain/LossMarket Value,Market Value + AccruedUNITED STATES TREASURY912828W71US GOV2.12503/31/202403/31/2024N---340,404.49335,000.00107.203112/12/201912/17/2019AaaAA+---339,646.38342,038.742,392.3719,484.01359,130.39361,522.75UNITED STATES TREASURY912828V80US GOV2.25001/31/202401/31/2024N---341,948.63335,000.00107.335912/12/201912/17/2019AaaAA+---340,929.05340,949.5320.4818,646.21359,575.27359,595.75UNITED STATES TREASURY912828YE4US GOV1.25008/31/202408/31/2024N---376,012.50370,000.00104.375003/02/202003/04/2020AaaAA+---375,476.19377,411.651,935.4610,711.31386,187.50388,122.96UNITED STATES TREASURY912828YY0US GOV1.75012/31/202412/31/2024N---166,500.00160,000.00106.855503/02/202003/04/2020AaaAA+---165,957.25166,200.73243.485,011.55170,968.80171,212.28UNITED STATES TREASURY9128284P2US GOV2.62505/15/202105/15/2021N---204,207.23205,000.00101.960907/26/201807/30/2018AaaAA+---204,771.70205,912.291,140.594,248.15209,019.85210,160.44UNITED STATES TREASURY912828T91US GOV1.62510/31/202310/31/2023N---266,146.29255,000.00104.839806/05/202006/09/2020AaaAA+---265,675.35266,722.541,047.201,666.14267,341.49268,388.69UNITED STATES TREASURY912828T26US GOV1.37509/30/202309/30/2023N---263,835.35255,000.00103.937506/05/202006/09/2020AaaAA+---263,450.67264,629.001,178.331,589.96265,040.63266,218.95UNITED STATES TREASURY912828ZC7US GOV1.12502/28/202502/28/2025N---226,943.75220,000.00104.250006/05/202006/09/2020AaaAA+---226,734.46227,770.201,035.732,615.54229,350.00230,385.73UNITED STATES TREASURY912828Y20US GOV2.62507/15/202107/15/2021N---436,803.13440,000.00102.371109/24/201809/26/2018AaaAA+---438,886.42439,419.98533.5611,546.42450,432.84450,966.40UNITED STATES TREASURY912828WY2US GOV2.25007/31/202107/31/2021N---218,470.32220,000.00102.097701/10/201901/15/2019AaaAA+---219,389.02219,402.4813.455,225.92224,614.94224,628.39------------03/08/202303/15/2023------10,973,081.1010,894,620.15---------AaaAA+---10,973,910.5111,011,876.7037,966.19330,359.5011,304,270.0111,342,236.20Holdings Report Trade DateSan Jacinto, City of (66779)As of 07/31/2020Return to Table of ContentsDated: 08/06/202033.A.3.cPacket Pg. 68Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Identifier,DescriptionFinal MaturityEnding Current UnitsEarned InterestIncomeRealized Gain,Realized LossAccretion IncomeAmortization ExpenseMisc IncomeNet Earned IncomeInterest PaymentReceived,Ending Interest Due3130AJHU6FEDERAL HOME LOAN BANKS04/14/2025225,000.0093.750.000.0018.670.000.00112.420.000.00912828ZC7UNITED STATES TREASURY02/28/2025220,000.00208.490.000.000.00-122.410.0086.080.000.003137EAEP0FEDERAL HOME LOAN MORTGAGE CORP02/12/2025300,000.00375.000.000.003.790.000.00378.790.000.00912828YY0UNITED STATES TREASURY12/31/2024160,000.00235.870.000.000.00-111.670.00124.200.000.00912828YE4UNITED STATES TREASURY08/31/2024300,000.00315.900.000.0099.200.000.00415.090.000.00912828YE4UNITED STATES TREASURY08/31/2024370,000.00389.610.000.000.00-110.840.00278.770.000.00912828Y87UNITED STATES TREASURY07/31/2024350,000.00521.450.000.000.00-20.690.00500.763,062.500.009128286Z8UNITED STATES TREASURY06/30/2024350,000.00515.960.000.000.00-20.240.00495.730.000.00912828W71UNITED STATES TREASURY03/31/2024335,000.00602.950.000.000.00-103.910.00499.040.000.00912828V80UNITED STATES TREASURY01/31/2024335,000.00641.700.000.000.00-139.470.00502.243,768.750.00US3137BWWD24FHMS K-725 A201/25/2024280,000.00700.470.000.000.00-192.510.00507.96700.470.00912828T91UNITED STATES TREASURY10/31/2023255,000.00349.070.000.000.00-275.460.0073.610.000.00912828T26UNITED STATES TREASURY09/30/2023255,000.00296.980.000.000.00-225.000.0071.970.000.003137B4WB8FHMS K-033 A207/25/2023250,000.00637.500.000.000.00-211.980.00425.52637.500.00931142EK5WALMART INC06/26/2023225,000.00637.500.000.000.00-511.220.00126.280.000.003133ELG81FEDERAL FARM CREDIT BANKS FUNDING CORP06/08/2023335,000.0083.750.000.0030.700.000.00114.450.000.003137EAER6FEDERAL HOME LOAN MORTGAGE CORP05/05/2023335,000.00104.690.000.003.990.000.00108.680.000.00594918AT1MICROSOFT CORP05/01/2023235,000.00465.100.000.000.00-349.120.00115.990.000.003137EAEQ8FEDERAL HOME LOAN MORTGAGE CORP04/20/2023335,000.00104.690.000.0023.510.000.00128.200.000.003130AJ7E3FEDERAL HOME LOAN BANKS02/17/2023300,000.00343.750.000.0015.420.000.00359.170.000.00037833DE7APPLE INC01/13/2023300,000.00600.000.000.000.00-118.060.00481.943,600.000.00912828N30UNITED STATES TREASURY12/31/202280,000.00143.210.000.000.00-34.640.00108.570.000.00912828L57UNITED STATES TREASURY09/30/2022375,000.00555.840.000.005.930.000.00561.770.000.003137AXHP1FHMS K-024 A209/25/2022320,000.00686.130.000.00-5.910.000.00680.22686.130.00912828L24UNITED STATES TREASURY08/31/2022100,000.00157.950.000.000.00-25.960.00131.990.000.00912828L24UNITED STATES TREASURY08/31/2022125,000.00197.440.000.000.00-18.860.00178.570.000.0030231GBB7EXXON MOBIL CORP08/16/202275,000.00118.880.000.000.000.000.00118.880.000.009128287C8UNITED STATES TREASURY07/15/2022370,000.00548.160.000.000.00-28.710.00519.453,237.500.00912828XG0UNITED STATES TREASURY06/30/2022150,000.00268.510.000.0047.570.000.00316.080.000.003133ELWD2FEDERAL FARM CREDIT BANKS FUNDING CORP04/08/2022335,000.00104.690.000.0020.930.000.00125.610.000.00Income Detail Report Trade DateSan Jacinto, City of (66779)07/01/2020 - 07/31/2020Return to Table of ContentsDated: 08/06/202043.A.3.cPacket Pg. 69Attachment: July 2020 (Treasurer’s Report at July 31, 2020) * Filtered By: Description ¹ "Payable" and Description ¹ "Receivable". * Weighted by: Ending Market Value + Accrued.Identifier,DescriptionFinal MaturityEnding Current UnitsEarned InterestIncomeRealized Gain,Realized LossAccretion IncomeAmortization ExpenseMisc IncomeNet Earned IncomeInterest PaymentReceived,Ending Interest Due912828J76UNITED STATES TREASURY03/31/2022180,000.00266.800.000.0019.280.000.00286.080.000.00912828W55UNITED STATES TREASURY02/28/2022100,000.00157.950.000.0052.350.000.00210.300.000.00912828SF8UNITED STATES TREASURY02/15/2022315,000.00536.540.000.006.780.000.00543.320.000.00912828V72UNITED STATES TREASURY01/31/2022315,000.00502.830.000.0043.500.000.00546.332,953.130.003135G0U92FEDERAL NATIONAL MORTGAGE ASSOCIATION01/11/2022130,000.00284.380.000.002.640.000.00287.021,706.250.009128285R7UNITED STATES TREASURY12/15/2021250,000.00555.840.000.000.00-19.480.00536.360.000.00912828F21UNITED STATES TREASURY09/30/2021435,000.00782.940.000.00198.920.000.00981.860.000.00912828D72UNITED STATES TREASURY08/31/2021250,000.00421.200.000.00108.020.000.00529.220.000.00912828WY2UNITED STATES TREASURY07/31/2021220,000.00421.420.000.0051.200.000.00472.622,475.000.00912828Y20UNITED STATES TREASURY07/15/2021440,000.00977.790.000.0097.460.000.001,075.255,775.000.009128284P2UNITED STATES TREASURY05/15/2021205,000.00453.310.000.0024.190.000.00477.500.000.0031846V203FIRST AMER:GVT OBLG Y07/31/202074,620.150.280.000.000.000.000.000.280.440.28------03/15/202310,894,620.1516,366.250.000.00868.14-2,640.220.0014,594.1728,602.670.28Income Detail Report Trade DateSan Jacinto, City of (66779)07/01/2020 - 07/31/2020Return to Table of ContentsDated: 08/06/202053.A.3.cPacket Pg. 70Attachment: July 2020 (Treasurer’s Report at July 31, 2020) * Does not Lock Down. * Filtered By: Type = Buy or Type = Sell or Type = Call Redemption or Type = Put Redemption or Type = Corporate Action Sell or Type = Cash Transfer or Type = Maturity or Type = Coupon or Type = Principal Paydown or Type = Money Market Funds. * Weighted by: AbsoluteValue of Principal. * MMF transactions are expanded. * The Transaction Detail/Trading Activity reports provide our most up-to-date transactional details. As such, these reports are subject to change even after the other reports on the website have been locked down. While these reports can be useful tools in understanding recent activity,due to their dynamic nature we do not recommend using them for booking journal entries or reconciliation.IdentifierDescriptionCurrent UnitsTypeSettle DatePricePrincipalRealized Gain/LossAmount31846V203FIRST AMER:GVT OBLG Y0.00Money Market Funds06/30/2020---0.000.000.443137AXHP1FHMS K-024 A20.00Coupon07/01/2020---0.000.00686.133137B4WB8FHMS K-033 A20.00Coupon07/01/2020---0.000.00637.50US3137BWWD24FHMS K-725 A20.00Coupon07/01/2020---0.000.00700.4731846V203FIRST AMER:GVT OBLG Y0.44Buy07/02/20201.0000.440.00-0.443135G0U92FEDERAL NATIONAL MORTGAGEASSOCIATION0.00Coupon07/11/2020---0.000.001,706.2531846V203FIRST AMER:GVT OBLG Y1,706.25Buy07/13/20201.0001,706.250.00-1,706.2531846V203FIRST AMER:GVT OBLG Y3,600.00Buy07/13/20201.0003,600.000.00-3,600.00037833DE7APPLE INC0.00Coupon07/13/2020---0.000.003,600.0031846V203FIRST AMER:GVT OBLG Y9,012.50Buy07/15/20201.0009,012.500.00-9,012.50912828Y20UNITED STATES TREASURY0.00Coupon07/15/2020---0.000.005,775.009128287C8UNITED STATES TREASURY0.00Coupon07/15/2020---0.000.003,237.50CCYUSDUS DOLLAR0.00Cash Transfer07/27/2020---0.000.00-104.1731846V203FIRST AMER:GVT OBLG Y686.13Buy07/27/20201.000686.130.00-686.1331846V203FIRST AMER:GVT OBLG Y1,233.80Buy07/27/20201.0001,233.800.00-1,233.8031846V203FIRST AMER:GVT OBLG Y0.00Money Market Funds07/31/2020---0.000.000.2831846V203FIRST AMER:GVT OBLG Y12,259.38Buy07/31/20201.00012,259.380.00-12,259.38912828WY2UNITED STATES TREASURY0.00Coupon07/31/2020---0.000.002,475.00912828V80UNITED STATES TREASURY0.00Coupon07/31/2020---0.000.003,768.75912828V72UNITED STATES TREASURY0.00Coupon07/31/2020---0.000.002,953.13912828Y87UNITED STATES TREASURY0.00Coupon07/31/2020---0.000.003,062.50------28,498.50---------28,498.500.000.28Transactions Realized Gain Loss ReportSan Jacinto, City of (66779)07/01/2020 - 07/31/2020Return to Table of ContentsDated: 08/06/202063.A.3.cPacket Pg. 71Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Apple Inc.Exxon Mobil CorporationFarm Credit SystemIdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue037833DE7CORPAPPLE INCApple Inc.300,000.00FixedY1.3181.9110.33712/13/202201/13/2023360.00303,377.60303,737.60314,574.85314,934.852.783%037833DE7CORPAPPLE INCApple Inc.300,000.00FixedY1.3181.9110.33712/13/202201/13/2023360.00303,377.60303,737.60314,574.85314,934.852.783%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue30231GBB7CORPEXXON MOBIL CORPExxon Mobil Corporation75,000.00FixedN1.9931.9020.29208/16/202208/16/2022653.8175,000.0075,653.8177,456.6178,110.420.685%30231GBB7CORPEXXON MOBIL CORPExxon Mobil Corporation75,000.00FixedN1.9931.9020.29208/16/202208/16/2022653.8175,000.0075,653.8177,456.6178,110.420.685%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue3133ELWD2AGCY BONDFEDERAL FARM CREDIT BANKSFUNDING CORPFarm Credit System335,000.00FixedN1.6790.4490.16104/08/202204/08/2022394.32334,581.83334,976.15336,204.67336,599.002.974%Issuer Concentration with Yield GASB 40 Trade DateSan Jacinto, City of (66779)As of 07/31/2020Return to Table of ContentsDated: 08/06/202073.A.3.cPacket Pg. 72Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Federal Home Loan BanksFederal National Mortgage AssociationFreddie MacIdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue3133ELG81AGCY BONDFEDERAL FARM CREDIT BANKSFUNDING CORPFarm Credit System335,000.00FixedN2.8380.4100.25606/08/202306/08/2023147.96333,960.39334,108.35335,420.30335,568.262.967%---AGCY BONDFEDERAL FARM CREDIT BANKSFUNDING CORPFarm Credit System670,000.00FixedN2.2580.4300.20911/07/202211/07/2022542.28668,542.22669,084.50671,624.98672,167.265.941%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue3130AJ7E3AGCY BONDFEDERAL HOME LOAN BANKSFederal Home Loan Banks300,000.00FixedN2.4931.4380.20002/17/202302/17/20231,833.33299,528.59301,361.92308,941.23310,774.562.733%3130AJHU6AGCY BONDFEDERAL HOME LOAN BANKSFederal Home Loan Banks225,000.00FixedN4.6380.6010.40004/14/202504/14/2025328.13223,948.43224,276.55226,043.49226,371.612.000%---AGCY BONDFEDERAL HOME LOAN BANKSFederal Home Loan Banks525,000.00FixedN3.3971.0810.28401/15/202401/15/20242,161.46523,477.02525,638.48534,984.72537,146.184.733%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue3135G0U92AGCY BONDFEDERAL NATIONAL MORTGAGEASSOCIATIONFederal National Mortgage Association130,000.00FixedN1.4252.6500.13701/11/202201/11/2022189.58129,954.07130,143.65134,664.86134,854.441.191%3135G0U92AGCY BONDFEDERAL NATIONAL MORTGAGEASSOCIATIONFederal National Mortgage Association130,000.00FixedN1.4252.6500.13701/11/202201/11/2022189.58129,954.07130,143.65134,664.86134,854.441.191%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue3137AXHP1FHLMC CMOFHMS K-024 A2Freddie Mac320,000.00FixedY1.9992.5630.60308/19/202209/25/2022686.13319,601.63320,287.76332,312.03332,998.172.940%3137B4WB8FHLMCFHMS K-033 A2Freddie Mac250,000.00VariableY2.7391.9900.57206/09/202307/25/2023637.50256,971.16257,608.66267,115.35267,752.852.363%US3137BWWD24FHLMCFHMS K-725 A2Freddie Mac280,000.00VariableY3.2422.1250.58712/27/202301/25/2024700.47287,583.92288,284.38302,243.70302,944.172.674%3137EAEP0AGCY BONDFEDERAL HOME LOAN MORTGAGECORPFreddie Mac300,000.00FixedN4.3641.5160.37502/12/202502/12/20252,087.50299,789.67301,877.17315,144.16317,231.662.788%3137EAEQ8AGCY BONDFEDERAL HOME LOAN MORTGAGECORPFreddie Mac335,000.00FixedN2.7020.4590.22104/20/202304/20/2023352.45334,240.61334,593.06336,396.85336,749.302.976%3137EAER6AGCY BONDFEDERAL HOME LOAN MORTGAGECORPFreddie Mac335,000.00FixedN2.7440.3890.22605/05/202305/05/2023293.13334,870.37335,163.50336,376.21336,669.342.976%---------Freddie Mac1,820,000.00------2.9561.4630.42308/16/202309/03/20234,757.171,833,057.361,837,814.531,889,588.301,894,345.4816.716%Issuer Concentration with Yield GASB 40 Trade DateSan Jacinto, City of (66779)As of 07/31/2020Return to Table of ContentsDated: 08/06/202083.A.3.cPacket Pg. 73Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Microsoft CorporationU.S. BancorpUnited StatesIdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue594918AT1CORPMICROSOFT CORPMicrosoft Corporation235,000.00FixedY1.3930.5830.17102/01/202305/01/20231,395.31245,436.89246,832.20247,914.23249,309.542.193%594918AT1CORPMICROSOFT CORPMicrosoft Corporation235,000.00FixedY1.3930.5830.17102/01/202305/01/20231,395.31245,436.89246,832.20247,914.23249,309.542.193%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue31846V203MMFUNDFIRST AMER:GVT OBLG YU.S. Bancorp74,620.15FixedN0.0000.0100.01007/31/202007/31/20200.0074,620.1574,620.1574,620.1574,620.150.660%31846V203MMFUNDFIRST AMER:GVT OBLG YU.S. Bancorp74,620.15FixedN0.0000.0100.01007/31/202007/31/20200.0074,620.1574,620.1574,620.1574,620.150.660%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue912828F21US GOVUNITED STATES TREASURYUnited States435,000.00FixedN1.1502.6870.15009/30/202109/30/20213,106.51432,218.89435,325.39445,008.48448,114.993.937%9128285R7US GOVUNITED STATES TREASURYUnited States250,000.00FixedN1.3542.5290.14312/15/202112/15/2021842.73250,319.80251,162.52258,515.50259,358.232.287%912828XG0US GOVUNITED STATES TREASURYUnited States150,000.00FixedN1.8842.5210.12806/30/202206/30/2022277.17148,898.18149,175.36155,730.45156,007.621.378%912828D72US GOVUNITED STATES TREASURYUnited States250,000.00FixedN1.0692.5330.13208/31/202108/31/20212,092.39248,588.69250,681.08255,058.50257,150.892.256%912828W55US GOVUNITED STATES TREASURYUnited States100,000.00FixedN1.5562.5280.13202/28/202202/28/2022784.6598,993.4599,778.09102,757.80103,542.450.909%912828V72US GOVUNITED STATES TREASURYUnited States315,000.00FixedN1.4852.0440.13601/31/202201/31/202216.05314,219.46314,235.51323,207.33323,223.372.859%912828SF8US GOVUNITED STATES TREASURYUnited States315,000.00FixedN1.5112.0260.14002/15/202202/15/20222,907.69314,875.02317,782.71324,019.40326,927.092.866%912828L57US GOVUNITED STATES TREASURYUnited States375,000.00FixedN2.1231.7700.12509/30/202209/30/20222,205.43374,845.36377,050.79388,183.50390,388.933.434%912828J76US GOVUNITED STATES TREASURYUnited States180,000.00FixedN1.6401.8810.13303/31/202203/31/20221,058.61179,614.83180,673.43184,844.52185,903.131.635%912828L24US GOVUNITED STATES TREASURYUnited States100,000.00FixedN2.0381.5550.12408/31/202208/31/2022784.65100,653.48101,438.12103,644.50104,429.150.917%912828N30US GOVUNITED STATES TREASURYUnited States80,000.00FixedN2.3641.5900.12312/31/202212/31/2022147.8381,008.6781,156.5083,862.4884,010.310.742%912828L24US GOVUNITED STATES TREASURYUnited States125,000.00FixedN2.0381.6880.12408/31/202208/31/2022980.81125,475.61126,456.41129,555.63130,536.431.146%9128287C8US GOVUNITED STATES TREASURYUnited States370,000.00FixedN1.9301.6550.12607/15/202207/15/2022299.12370,673.51370,972.63381,736.03382,035.153.377%912828Y87US GOVUNITED STATES TREASURYUnited States350,000.00FixedN3.8821.6750.17407/31/202407/31/202416.64351,008.42351,025.07371,984.20372,000.843.291%912828YE4US GOVUNITED STATES TREASURYUnited States300,000.00FixedN3.9741.6730.17508/31/202408/31/20241,569.29295,012.98296,582.28313,125.00314,694.292.770%9128286Z8US GOVUNITED STATES TREASURYUnited States350,000.00FixedN3.7981.6770.16806/30/202406/30/2024532.61350,968.83351,501.44371,601.65372,134.263.287%912828W71US GOVUNITED STATES TREASURYUnited States335,000.00FixedN3.5261.7330.15403/31/202403/31/20242,392.37339,646.38342,038.74359,130.39361,522.753.177%Issuer Concentration with Yield GASB 40 Trade DateSan Jacinto, City of (66779)As of 07/31/2020Return to Table of ContentsDated: 08/06/202093.A.3.cPacket Pg. 74Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Walmart Inc.Summary * Grouped by: Issuer Concentration. * Groups Sorted by: Issuer Concentration. * Filtered By: Description ¹ "Payable" and Description ¹ "Receivable". * Weighted by: Ending Market Value + Accrued, except Book Yield by Base Book Value + Accrued.IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue912828V80US GOVUNITED STATES TREASURYUnited States335,000.00FixedN3.3881.7260.14801/31/202401/31/202420.48340,929.05340,949.53359,575.27359,595.753.181%912828YE4US GOVUNITED STATES TREASURYUnited States370,000.00FixedN3.9740.8800.17508/31/202408/31/20241,935.46375,476.19377,411.65386,187.50388,122.963.416%912828YY0US GOVUNITED STATES TREASURYUnited States160,000.00FixedN4.2650.8880.19012/31/202412/31/2024243.48165,957.25166,200.73170,968.80171,212.281.512%9128284P2US GOVUNITED STATES TREASURYUnited States205,000.00FixedN0.7842.7690.14305/15/202105/15/20211,140.59204,771.70205,912.29209,019.85210,160.441.849%912828T91US GOVUNITED STATES TREASURYUnited States255,000.00FixedN3.1670.3280.13210/31/202310/31/20231,047.20265,675.35266,722.54267,341.49268,388.692.365%912828T26US GOVUNITED STATES TREASURYUnited States255,000.00FixedN3.0960.3210.12909/30/202309/30/20231,178.33263,450.67264,629.00265,040.63266,218.952.345%912828ZC7US GOVUNITED STATES TREASURYUnited States220,000.00FixedN4.4590.4490.19302/28/202502/28/20251,035.73226,734.46227,770.20229,350.00230,385.732.029%912828Y20US GOVUNITED STATES TREASURYUnited States440,000.00FixedN0.9492.8960.14307/15/202107/15/2021533.56438,886.42439,419.98450,432.84450,966.403.985%912828WY2US GOVUNITED STATES TREASURYUnited States220,000.00FixedN0.9942.5340.15007/31/202107/31/202113.45219,389.02219,402.48224,614.94224,628.391.987%---US GOVUNITED STATES TREASURYUnited States6,840,000.00FixedN2.4521.8080.14802/04/202302/04/202327,162.826,878,291.666,905,454.487,114,496.647,141,659.4662.936%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue931142EK5CORPWALMART INCWalmart Inc.225,000.00FixedY1.5620.6650.33405/26/202306/26/2023743.75242,153.53242,897.28244,344.67245,088.422.162%931142EK5CORPWALMART INCWalmart Inc.225,000.00FixedY1.5620.6650.33405/26/202306/26/2023743.75242,153.53242,897.28244,344.67245,088.422.162%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue------------10,894,620.15------2.4641.5800.21403/08/202303/15/202337,966.1910,973,910.5111,011,876.7011,304,270.0111,342,236.20100.000%Issuer Concentration with Yield GASB 40 Trade DateSan Jacinto, City of (66779)As of 07/31/2020Return to Table of ContentsDated: 08/06/2020103.A.3.cPacket Pg. 75Attachment: July 2020 (Treasurer’s Report at July 31, 2020) AGCY BONDIdentifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingEnding Current UnitsEndingEffectiveMaturity,Final MaturityBookYield,YieldEnding AccruedBalanceOriginal CostEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued3135G0U92FEDERAL NATIONAL MORTGAGEASSOCIATIONAGCY BOND1.189%FixedN1.425AA+Aaa130,000.0001/11/202201/11/20222.6500.137189.58129,906.40129,954.07130,143.65134,664.86134,854.443133ELWD2FEDERAL FARM CREDIT BANKS FUNDINGCORPAGCY BOND2.968%FixedN1.679AA+Aaa335,000.0004/08/202204/08/20220.4490.161394.32334,504.20334,581.83334,976.15336,204.67336,599.003130AJ7E3FEDERAL HOME LOAN BANKSAGCY BOND2.740%FixedN2.493AA+Aaa300,000.0002/17/202302/17/20231.4380.2001,833.33299,448.00299,528.59301,361.92308,941.23310,774.563137EAEQ8FEDERAL HOME LOAN MORTGAGE CORPAGCY BOND2.969%FixedN2.702AA+Aaa335,000.0004/20/202304/20/20230.4590.221352.45334,162.50334,240.61334,593.06336,396.85336,749.303137EAER6FEDERAL HOME LOAN MORTGAGE CORPAGCY BOND2.968%FixedN2.744AA+Aaa335,000.0005/05/202305/05/20230.3890.226293.13334,859.30334,870.37335,163.50336,376.21336,669.343133ELG81FEDERAL FARM CREDIT BANKS FUNDINGCORPAGCY BOND2.959%FixedN2.838AA+Aaa335,000.0006/08/202306/08/20230.4100.256147.96333,907.90333,960.39334,108.35335,420.30335,568.263137EAEP0FEDERAL HOME LOAN MORTGAGE CORPAGCY BOND2.797%FixedN4.364AA+Aaa300,000.0002/12/202502/12/20251.5160.3752,087.50299,769.00299,789.67301,877.17315,144.16317,231.663130AJHU6FEDERAL HOME LOAN BANKSAGCY BOND1.996%FixedN4.638AA+Aaa225,000.0004/14/202504/14/20250.6010.400328.13223,884.00223,948.43224,276.55226,043.49226,371.61Security Type GASB 40 Trade DateSan Jacinto, City of (66779)As of 07/31/2020Return to Table of ContentsDated: 08/06/2020113.A.3.cPacket Pg. 76Attachment: July 2020 (Treasurer’s Report at July 31, 2020) CORPFHLMCFHLMC CMOMMFUNDIdentifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingEnding Current UnitsEndingEffectiveMaturity,Final MaturityBookYield,YieldEnding AccruedBalanceOriginal CostEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued------AGCY BOND20.585%FixedN2.892AA+Aaa2,295,000.0007/09/202307/09/20230.8460.2495,626.402,290,441.302,290,873.962,296,500.362,329,191.772,334,818.17Identifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingEnding Current UnitsEndingEffectiveMaturity,Final MaturityBookYield,YieldEnding AccruedBalanceOriginal CostEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued30231GBB7EXXON MOBIL CORPCORP0.689%FixedN1.993AAAa175,000.0008/16/202208/16/20221.9020.292653.8175,000.0075,000.0075,653.8177,456.6178,110.42037833DE7APPLE INCCORP2.777%FixedY1.318AA+Aa1300,000.0012/13/202201/13/20231.9110.337360.00304,260.00303,377.60303,737.60314,574.85314,934.85594918AT1MICROSOFT CORPCORP2.198%FixedY1.393AAAAaa235,000.0002/01/202305/01/20230.5830.1711,395.31246,484.45245,436.89246,832.20247,914.23249,309.54931142EK5WALMART INCCORP2.161%FixedY1.562AAAa2225,000.0005/26/202306/26/20230.6650.334743.75243,666.00242,153.53242,897.28244,344.67245,088.42------CORP7.824%Fixed---1.466AA+Aa1835,000.0001/31/202303/16/20231.1850.2863,152.88869,410.45865,968.03869,120.90884,290.36887,443.23Identifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingEnding Current UnitsEndingEffectiveMaturity,Final MaturityBookYield,YieldEnding AccruedBalanceOriginal CostEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued3137B4WB8FHMS K-033 A2FHLMC2.361%VariableY2.739AA+Aaa250,000.0006/09/202307/25/20231.9900.572637.50258,544.92256,971.16257,608.66267,115.35267,752.85US3137BWWD24FHMS K-725 A2FHLMC2.671%VariableY3.242AAAAaa280,000.0012/27/202301/25/20242.1250.587700.47289,012.50287,583.92288,284.38302,243.70302,944.17------FHLMC5.032%VariableY3.006AAAAaa530,000.0009/24/202310/31/20232.0620.5801,337.97547,557.42544,555.08545,893.05569,359.05570,697.02Identifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingEnding Current UnitsEndingEffectiveMaturity,Final MaturityBookYield,YieldEnding AccruedBalanceOriginal CostEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued3137AXHP1FHMS K-024 A2FHLMC CMO2.936%FixedY1.999AA+Aaa320,000.0008/19/202209/25/20222.5630.603686.13319,687.50319,601.63320,287.76332,312.03332,998.173137AXHP1FHMS K-024 A2FHLMC CMO2.936%FixedY1.999AA+Aaa320,000.0008/19/202209/25/20222.5630.603686.13319,687.50319,601.63320,287.76332,312.03332,998.17Security Type GASB 40 Trade DateSan Jacinto, City of (66779)As of 07/31/2020Return to Table of ContentsDated: 08/06/2020123.A.3.cPacket Pg. 77Attachment: July 2020 (Treasurer’s Report at July 31, 2020) US GOVIdentifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingEnding Current UnitsEndingEffectiveMaturity,Final MaturityBookYield,YieldEnding AccruedBalanceOriginal CostEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued31846V203FIRST AMER:GVT OBLG YMMFUND0.658%FixedN0.000AAAmAaa74,620.1507/31/202007/31/20200.0100.0100.0074,620.1574,620.1574,620.1574,620.1574,620.1531846V203FIRST AMER:GVT OBLG YMMFUND0.658%FixedN0.000AAAmAaa74,620.1507/31/202007/31/20200.0100.0100.0074,620.1574,620.1574,620.1574,620.1574,620.15Identifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingEnding Current UnitsEndingEffectiveMaturity,Final MaturityBookYield,YieldEnding AccruedBalanceOriginal CostEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued9128284P2UNITED STATES TREASURYUS GOV1.853%FixedN0.784AA+Aaa205,000.0005/15/202105/15/20212.7690.1431,140.59204,207.23204,771.70205,912.29209,019.85210,160.44912828Y20UNITED STATES TREASURYUS GOV3.976%FixedN0.949AA+Aaa440,000.0007/15/202107/15/20212.8960.143533.56436,803.13438,886.42439,419.98450,432.84450,966.40912828WY2UNITED STATES TREASURYUS GOV1.980%FixedN0.994AA+Aaa220,000.0007/31/202107/31/20212.5340.15013.45218,470.32219,389.02219,402.48224,614.94224,628.39912828D72UNITED STATES TREASURYUS GOV2.267%FixedN1.069AA+Aaa250,000.0008/31/202108/31/20212.5330.1322,092.39246,748.05248,588.69250,681.08255,058.50257,150.89912828F21UNITED STATES TREASURYUS GOV3.951%FixedN1.150AA+Aaa435,000.0009/30/202109/30/20212.6870.1503,106.51428,491.99432,218.89435,325.39445,008.48448,114.999128285R7UNITED STATES TREASURYUS GOV2.287%FixedN1.354AA+Aaa250,000.0012/15/202112/15/20212.5290.143842.73250,664.06250,319.80251,162.52258,515.50259,358.23912828V72UNITED STATES TREASURYUS GOV2.850%FixedN1.485AA+Aaa315,000.0001/31/202201/31/20222.0440.13616.05313,621.88314,219.46314,235.51323,207.33323,223.37912828SF8UNITED STATES TREASURYUS GOV2.882%FixedN1.511AA+Aaa315,000.0002/15/202202/15/20222.0260.1402,907.69314,778.52314,875.02317,782.71324,019.40326,927.09912828W55UNITED STATES TREASURYUS GOV0.913%FixedN1.556AA+Aaa100,000.0002/28/202202/28/20222.5280.132784.6598,101.5698,993.4599,778.09102,757.80103,542.45912828J76UNITED STATES TREASURYUS GOV1.639%FixedN1.640AA+Aaa180,000.0003/31/202203/31/20221.8810.1331,058.61179,374.22179,614.83180,673.43184,844.52185,903.13912828XG0UNITED STATES TREASURYUS GOV1.375%FixedN1.884AA+Aaa150,000.0006/30/202206/30/20222.5210.128277.17148,089.85148,898.18149,175.36155,730.45156,007.629128287C8UNITED STATES TREASURYUS GOV3.368%FixedN1.930AA+Aaa370,000.0007/15/202207/15/20221.6550.126299.12370,925.00370,673.51370,972.63381,736.03382,035.15912828L24UNITED STATES TREASURYUS GOV0.921%FixedN2.038AA+Aaa100,000.0008/31/202208/31/20221.5550.124784.65100,953.13100,653.48101,438.12103,644.50104,429.15912828L24UNITED STATES TREASURYUS GOV1.151%FixedN2.038AA+Aaa125,000.0008/31/202208/31/20221.6880.124980.81125,668.95125,475.61126,456.41129,555.63130,536.43912828L57UNITED STATES TREASURYUS GOV3.442%FixedN2.123AA+Aaa375,000.0009/30/202209/30/20221.7700.1252,205.43374,765.63374,845.36377,050.79388,183.50390,388.93912828N30UNITED STATES TREASURYUS GOV0.741%FixedN2.364AA+Aaa80,000.0012/31/202212/31/20221.5900.123147.8381,368.7581,008.6781,156.5083,862.4884,010.31Security Type GASB 40 Trade DateSan Jacinto, City of (66779)As of 07/31/2020Return to Table of ContentsDated: 08/06/2020133.A.3.cPacket Pg. 78Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Summary * Grouped by: Security Type. * Groups Sorted by: Security Type. * Filtered By: Description ¹ "Payable" and Description ¹ "Receivable". * Weighted by: Ending Market Value + Accrued, except Book Yield by Base Book Value + Accrued.Identifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingEnding Current UnitsEndingEffectiveMaturity,Final MaturityBookYield,YieldEnding AccruedBalanceOriginal CostEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued912828T26UNITED STATES TREASURYUS GOV2.347%FixedN3.096AA+Aaa255,000.0009/30/202309/30/20230.3210.1291,178.33263,835.35263,450.67264,629.00265,040.63266,218.95912828T91UNITED STATES TREASURYUS GOV2.366%FixedN3.167AA+Aaa255,000.0010/31/202310/31/20230.3280.1321,047.20266,146.29265,675.35266,722.54267,341.49268,388.69912828V80UNITED STATES TREASURYUS GOV3.170%FixedN3.388AA+Aaa335,000.0001/31/202401/31/20241.7260.14820.48341,948.63340,929.05340,949.53359,575.27359,595.75912828W71UNITED STATES TREASURYUS GOV3.187%FixedN3.526AA+Aaa335,000.0003/31/202403/31/20241.7330.1542,392.37340,404.49339,646.38342,038.74359,130.39361,522.759128286Z8UNITED STATES TREASURYUS GOV3.281%FixedN3.798AA+Aaa350,000.0006/30/202406/30/20241.6770.168532.61351,121.09350,968.83351,501.44371,601.65372,134.26912828Y87UNITED STATES TREASURYUS GOV3.280%FixedN3.882AA+Aaa350,000.0007/31/202407/31/20241.6750.17416.64351,162.11351,008.42351,025.07371,984.20372,000.84912828YE4UNITED STATES TREASURYUS GOV2.775%FixedN3.974AA+Aaa300,000.0008/31/202408/31/20241.6730.1751,569.29294,257.81295,012.98296,582.28313,125.00314,694.29912828YE4UNITED STATES TREASURYUS GOV3.422%FixedN3.974AA+Aaa370,000.0008/31/202408/31/20240.8800.1751,935.46376,012.50375,476.19377,411.65386,187.50388,122.96912828YY0UNITED STATES TREASURYUS GOV1.510%FixedN4.265AA+Aaa160,000.0012/31/202412/31/20240.8880.190243.48166,500.00165,957.25166,200.73170,968.80171,212.28912828ZC7UNITED STATES TREASURYUS GOV2.031%FixedN4.459AA+Aaa220,000.0002/28/202502/28/20250.4490.1931,035.73226,943.75226,734.46227,770.20229,350.00230,385.73---UNITED STATES TREASURYUS GOV62.965%FixedN2.452AA+Aaa6,840,000.0002/04/202302/04/20231.8080.14827,162.826,871,364.286,878,291.666,905,454.487,114,496.647,141,659.46Identifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingEnding Current UnitsEndingEffectiveMaturity,Final MaturityBookYield,YieldEnding AccruedBalanceOriginal CostEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued---------100.000%------2.464AA+Aaa10,894,620.1503/08/202303/15/20231.5800.21437,966.1910,973,081.1010,973,910.5111,011,876.7011,304,270.0111,342,236.20Security Type GASB 40 Trade DateSan Jacinto, City of (66779)As of 07/31/2020Return to Table of ContentsDated: 08/06/2020143.A.3.cPacket Pg. 79Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Identifier,Description,Security TypeInterest/DividendReceivedTransfers In/OutPurchasesPurchasedAccruedIncomeSalesDisposed AccruedMaturities andRedemptionsPaydownsNet RealizedGain/LossBeginning OriginalCost,Ending Original CostBeginning MarketValue,Ending Market Value31846V203FIRST AMER:GVT OBLG YMMFUND0.440.0028,498.500.000.000.000.000.000.0046,121.6574,620.1546,121.6574,620.15CCYUSDReceivableCASH0.000.000.000.000.000.000.000.000.000.440.280.440.28CCYUSDCashCASH0.00-104.170.000.000.000.000.000.000.000.000.000.000.00912828Y20UNITED STATES TREASURYUS GOV5,775.000.000.000.000.000.000.000.000.00436,803.13436,803.13451,154.88450,432.84912828F21UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00428,491.99428,491.99445,535.27445,008.483135G0U92FEDERAL NATIONAL MORTGAGEASSOCIATIONAGCY BOND1,706.250.000.000.000.000.000.000.000.00129,906.40129,906.40134,814.61134,664.86912828WY2UNITED STATES TREASURYUS GOV2,475.000.000.000.000.000.000.000.000.00218,470.32218,470.32224,898.52224,614.949128285R7UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00250,664.06250,664.06258,906.25258,515.50912828XG0UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00148,089.85148,089.85155,859.30155,730.45912828D72UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00246,748.05246,748.05255,302.75255,058.50912828W55UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.0098,101.5698,101.56102,820.30102,757.803137AXHP1FHMS K-024 A2FHLMC CMO686.130.000.000.000.000.000.000.000.00319,687.50319,687.50332,326.78332,312.03912828V72UNITED STATES TREASURYUS GOV2,953.130.000.000.000.000.000.000.000.00313,621.88313,621.88323,428.77323,207.33912828SF8UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00314,778.52314,778.52324,302.27324,019.40912828L57UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00374,765.63374,765.63388,286.25388,183.50912828J76UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00179,374.22179,374.22184,950.00184,844.52912828L24UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00100,953.13100,953.13103,683.60103,644.5030231GBB7EXXON MOBIL CORPCORP0.000.000.000.000.000.000.000.000.0075,000.0075,000.0077,337.6777,456.61912828N30UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.0081,368.7581,368.7583,896.8883,862.48912828L24UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00125,668.95125,668.95129,604.50129,555.639128287C8UNITED STATES TREASURYUS GOV3,237.500.000.000.000.000.000.000.000.00370,925.00370,925.00381,894.76381,736.03Portfolio Activity SummarySan Jacinto, City of (66779)07/01/2020 - 07/31/2020Return to Table of ContentsDated: 08/06/2020153.A.3.cPacket Pg. 80Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Identifier,Description,Security TypeInterest/DividendReceivedTransfers In/OutPurchasesPurchasedAccruedIncomeSalesDisposed AccruedMaturities andRedemptionsPaydownsNet RealizedGain/LossBeginning OriginalCost,Ending Original CostBeginning MarketValue,Ending Market Value912828Y87UNITED STATES TREASURYUS GOV3,062.500.000.000.000.000.000.000.000.00351,162.11351,162.11371,642.60371,984.20912828YE4UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00294,257.81294,257.81312,597.60313,125.009128286Z8UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00351,121.09351,121.09371,259.70371,601.65037833DE7APPLE INCCORP3,600.000.000.000.000.000.000.000.000.00304,260.00304,260.00315,593.51314,574.85912828W71UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00340,404.49340,404.49358,921.01359,130.393137B4WB8FHMS K-033 A2FHLMC637.500.000.000.000.000.000.000.000.00258,544.92258,544.92267,017.55267,115.35US3137BWWD24FHMS K-725 A2FHLMC700.470.000.000.000.000.000.000.000.00289,012.50289,012.50300,639.02302,243.70912828V80UNITED STATES TREASURYUS GOV3,768.750.000.000.000.000.000.000.000.00341,948.63341,948.63359,496.88359,575.273137EAEP0FEDERAL HOME LOAN MORTGAGECORPAGCY BOND0.000.000.000.000.000.000.000.000.00299,769.00299,769.00314,342.67315,144.163130AJ7E3FEDERAL HOME LOAN BANKSAGCY BOND0.000.000.000.000.000.000.000.000.00299,448.00299,448.00308,825.75308,941.23912828YE4UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00376,012.50376,012.50385,537.04386,187.50912828YY0UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00166,500.00166,500.00170,712.48170,968.803133ELWD2FEDERAL FARM CREDIT BANKSFUNDING CORPAGCY BOND0.000.000.000.000.000.000.000.000.00334,504.20334,504.20335,900.47336,204.673130AJHU6FEDERAL HOME LOAN BANKSAGCY BOND0.000.000.000.000.000.000.000.000.00223,884.00223,884.00225,369.71226,043.493137EAEQ8FEDERAL HOME LOAN MORTGAGECORPAGCY BOND0.000.000.000.000.000.000.000.000.00334,162.50334,162.50335,914.02336,396.85594918AT1MICROSOFT CORPCORP0.000.000.000.000.000.000.000.000.00246,484.45246,484.45247,453.26247,914.23931142EK5WALMART INCCORP0.000.000.000.000.000.000.000.000.00243,666.00243,666.00245,107.55244,344.679128284P2UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00204,207.23204,207.23209,356.25209,019.853137EAER6FEDERAL HOME LOAN MORTGAGECORPAGCY BOND0.000.000.000.000.000.000.000.000.00334,859.30334,859.30335,870.20336,376.21912828T91UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00266,146.29266,146.29267,162.22267,341.49Portfolio Activity SummarySan Jacinto, City of (66779)07/01/2020 - 07/31/2020Return to Table of ContentsDated: 08/06/2020163.A.3.cPacket Pg. 81Attachment: July 2020 (Treasurer’s Report at July 31, 2020) * Weighted by: Ending Market Value + Accrued. * Holdings Displayed by: Lot.Identifier,Description,Security TypeInterest/DividendReceivedTransfers In/OutPurchasesPurchasedAccruedIncomeSalesDisposed AccruedMaturities andRedemptionsPaydownsNet RealizedGain/LossBeginning OriginalCost,Ending Original CostBeginning MarketValue,Ending Market Value3133ELG81FEDERAL FARM CREDIT BANKSFUNDING CORPAGCY BOND0.000.000.000.000.000.000.000.000.00333,907.90333,907.90335,093.12335,420.30912828T26UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00263,835.35263,835.35264,851.41265,040.63912828ZC7UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00226,943.75226,943.75228,817.16229,350.00---------28,602.67-104.1728,498.500.000.000.000.000.000.0010,944,583.0410,973,081.3811,272,606.6411,304,270.29Portfolio Activity SummarySan Jacinto, City of (66779)07/01/2020 - 07/31/2020Return to Table of ContentsDated: 08/06/2020173.A.3.cPacket Pg. 82Attachment: July 2020 (Treasurer’s Report at July 31, 2020) Additional Disclosure:This information is for the sole purposes of the client and is not intended to provide specific advice or recommendations. Please review the contents of this information carefully. Should you have any questions regarding theinformation presented, calculation methodology, investment portfolio, security detail, or any other facet of this information, please feel free to contact us.Public Trust Advisors, LLC (Public Trust) statements and reports are intended to detail our investment advisory activity as well as the activity of certain client accounts managed by Public Trust. The custodian bank maintainsthe control of assets and executes and settles all investment transactions. The custodian statement is the official record of security and cash holdings transactions. Public Trust recognizes that clients may use these reports tofacilitate record keeping; therefore, it is recommended that the client reconcile this information with their custodian bank statement. Many custodians use a settlement date basis that may result in the need to reconcile due to atiming difference. The underlying market value, amortized cost, and accrued interest may differ between the custodian and this statement or report. This can be attributed to differences in calculation methodologies and pricingsources used.Public Trust does not have the authority to withdraw funds from or deposit funds to the custodian. Our clients retain responsibility for their internal accounting policies, implementing and enforcing internal controls, andgenerating ledger entries or otherwise recording transactions. The total market value represents prices obtained from various sources; it may be impacted by the frequency at which prices are reported, and such prices are notguaranteed. Prices received from pricing vendors are generally based on current market quotes but when such quotes are not available, the pricing vendors use a variety of techniques to estimate value. These estimates,particularly for fixed-income securities, may be based on certain minimum principal amounts (e.g. $1 million) and may not reflect all the factors that affect the value of the security including liquidity risk. The prices provided arenot firm bids or offers. Certain securities may reflect N/A or unavailable where the price for such security is generally not available from a pricing source. The market value of a security, including those priced at par value, maydiffer from its purchase price and may not closely reflect the value at which the security may be sold or purchased based on various market factors. The securities in this investment portfolio, including shares of mutual funds,are not guaranteed or otherwise protected by Public Trust, the FDIC (except for certain non-negotiable certificates of deposit), or any government agency unless specifically stated otherwise.Clients may be permitted to establish one or more unmanaged accounts for the purposes of client reporting. Clients may also be permitted to provide externally managed assets for the purposes of client reporting. Public Trustdefines unmanaged accounts or assets as one where the investment direction remains the sole responsibility of the client rather than the Investment Manager. Unmanaged accounts or external assets do not receive ongoingsupervision and monitoring services. The Investment Manager does not make any investment recommendations and may not charge a fee for reporting on these accounts or assets. The primary purpose for this service is toinclude unmanaged accounts or assets owned by the client in the performance reports provided by the Investment Manager. The Investment Manager assumes no liability for the underlying performance of any unmanagedaccounts or assets, and it is the client’s sole responsibility for the accuracy or correctness of any such performance.Beginning and ending balances are based on market value plus accrued interest on a trade date basis. Statements and reports made available to the end user either from Public Trust or through the online reporting platformmay present information and portfolio analytics using various optional methods including, but not limited to, historical cost, amortized cost, and market value. All information is assumed to be correct, but the accuracy has notbeen confirmed and therefore is not guaranteed to be correct. Information is obtained from third party sources that may or may not be verified. The data in this report is unaudited and is only applicable for the date denoted onthe report. Market values may change day-to-day based on numerous circumstances such as trading volume, news released about the underlying issuer, issuer performance, etc. Underlying market values may be priced vianumerous aspects as certain securities are short term in nature and not readily traded. Performance results are shown net of all fees and expenses and reflect the reinvestment of dividends and other earnings.Many factors affect performance including changes in market conditions and interest rates and in response to other economic, political, or financial developments. Investment involves risk including the possible loss ofprincipal. No assurance can be given that the performance objectives of a given strategy will be achieved. Past performance is no guarantee of future results. Any financial and/or investment decision may incur losses.The investment advisor providing these services is Public Trust Advisors, LLC, an investment adviser registered with the U.S. Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940, asamended. Registration with the SEC does not imply a certain level of skill or training. Public Trust is required to maintain a written disclosure brochure of our background and business experience. If you would like to receive acopy of our current disclosure brochure, Privacy Policy, or Code of Ethics, or have any questions regarding your account please contact us.Public Trust Advisors717 17th St. Suite 1850Denver, CO 802023.A.3.cPacket Pg. 83Attachment: July 2020 (Treasurer’s Report at July 31, 2020) September 1, 2020 TO: City Council REQUESTED BY: Michelle Holmes, Director of Finance APPROVED BY: Robert A. Johnson, City Manager SUBJECT: Resolution of Intention to Annex Territory known as Commonwealth Crossing into CFD 2003-1 RECOMMENDATION: Staff recommends that the City Council adopt the Resolution of Intention to Annex Territory (Commonwealth Crossing) into Community Facilities District No. 2003-1 and Authorize the Levy of Special Taxes therein. DISCUSSION: The City Council and Planning Commission have identified the need for additional funding sources for police protection and fire protection and suppression services, especially those services that are created by new development within the City. In response to the need for additional funding for such services, the City Council formed Community Facilities District 2003-1 (the "CFD”) and the levy of special taxes therein. The City has been utilizing the CFD as a tool to assess new residential, non -retail commercial and industrial development for the direct costs associated with providing police protection and fire protection and suppression services. The use of the CFD provides additional funds to mitigate the added cost of providing public safety services for new development. The adoption of the Resolution of Intention is required to annex the territory into the CFD. The Resolution of Intention approves the CFD annexation boundaries, and sets the Public Hearing date for October 6, 2020 during a regularly scheduled City Council meeting. A ballot will be mailed to the property owner(s) within the annexation territory, to vote for or against the annexation. The property owner(s) have submitted the Petition to annex into Community Facilities District No. 2003-1 as a funding mechanism for police protection and fire protection and suppression services. FISCAL IMPACT: The annexation of territory into the CFD has a beneficial impact to the City’s budget in that it assists in the funding of police protection and fire protection and suppression services. The special tax provides additional funding for selected increased public service costs within the territory. This project is expected to be retail development, which is not levied the special tax. Should any of the parcels develop into uses that are not retail, special taxes would be collected accordingly, and would increase annually based on the percentage change in the Consumer Price Index with a maximum annual increase of six percent (6%) and a minimum annual increase of two percent (2%) per fiscal year thereafter. 3.A.4 Packet Pg. 84 ATTACHMENTS: Resolution of Intention No. 3826 Resolution of Intention - Exhibit A - Annexation Map Resolution of Intention - Exhibit B - RMA 3.A.4 Packet Pg. 85 RESOLUTION NO. 3826 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) CITY OF SAN JACINTO ) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JACINTO DECLARING ITS INTENTION TO ANNEX TERRITORY INTO COMMUNITY FACILITIES DISTRICT NO. 2003-1 AND TO AUTHORIZE THE LEVY OF SPECIAL TAXES THEREIN City of San Jacinto Community Facilities District No. 2003-1 Annexation No. 58 WHEREAS, the City Council (the “Council”) of the City of San Jacinto (the “City”) has previously conducted proceedings to establish Community Facilities District No. 2003-1 (the “CFD”) pursuant to the Mello-Roos Community Facilities Act of 1982, as amended (the "Act"), Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing at Section 53311, of the California Government Code; and WHEREAS, the Council has received a petition (including waivers) from the landowner requesting that it annex into the CFD under the Act, to provide for the costs of services, and the Council now desires to commence proceedings to annex territory into the CFD as described herein; and WHEREAS, under the Act, this Council, as the legislative body for the CFD, is empowered with the authority to annex territ ory to the CFD, and now desires to undertake proceedings to annex territory to the CFD. NOW, THEREFORE, BE IT RESOLVED, determined and ordered by the City Council of the City of San Jacinto as follows: SECTION 1: This Council hereby finds and determines that public convenience and necessity require that territory be added to the CFD. SECTION 2: The name of the existing CFD is “City of San Jacinto Community Facilities District No. 2003-1.” SECTION 3: A general description of the territory included in the existing CFD is hereinafter described as follows: All that property and territory as originally included in the existing CFD heretofore recorded as Instrument No. 2003- 3.A.4.a Packet Pg. 86 Attachment: Resolution of Intention No. 3826 (Resolution of Intention to Annex Territory known as Commonwealth Crossing into CFD 2003-1) 995886 in the office of the County Recorder for the County of Riverside o n December 22, 2003 in Book 55 at Page 58-59 of Maps of Assessments and Community Facilities Districts, to which map reference is hereby made, and as such map was amended as a result of prior annexations. A description of the boundaries and territory proposed to be annexed is as follows: All that territory proposed to be annexed to the CFD is as shown on the Annexation Map for Annexation No. 58 to the CFD, on file with the City Clerk, the boundaries of which territory are hereby preliminary approved and to which map reference is hereby made for further particulars. The area proposed to be annexed to the CFD is as shown on the Annexation Map identified in Exhibit A. The City Clerk is hereby directed to cause to be recorded such Annexation Map, showing the territory to be annexed, in the office of the County Recorder of the County of Riverside within fifteen days of the date of adoption of this resolution. SECTION 4: The type of services financed by the CFD and pursuant to the Act shall consist of those services described as follows: (a) police protection services, including but not limited to, criminal justice services, and (b) fire protection and suppression services. It is presently intended that the services will be provided, without preference or priority, to the existing territory in the CFD and the territory proposed to be annexed to the CFD. SECTION 5: Except to the extent that funds are otherwise available to the CFD to pay for the services, a special tax sufficient to pay the costs thereof , secured by recordation of a continuing lien against all non-exempt real property in the CFD (including the property to be annexed thereto), is intended to be levied annually within the CFD, and collected in the same manner as ordinary ad valorem property taxes, or in such other manner as this Council shall determine including direct billing of the affected property owners. The proposed rate and method of apportionment of the special tax among the parcels of real property within the CFD, as now in existence and following the annexation proposed herein, in sufficient detail to allow each landowner within the territory proposed to be annexed to the CFD to estimate the maximum amount such owner will have to pay, are described in Exhibit B to this Resolution of Intention. The maximum special tax rate in the CFD shall not be increased as a result of the annexation of the territory into the CFD. SECTION 6: The special tax proposed to be levied for services to be supplied within the territory proposed to be annexed will be equal to the special taxes levied to pay for the same services in the CFD, except that a higher or lower special tax may be levied within the territory proposed to be annexed to the extent that the actual cost of providing the services in that territory is higher or lower than the cost of providing those services in the CFD. Notwithstanding the foregoing, the special tax may not be levied at a rate which is higher th an 3.A.4.a Packet Pg. 87 Attachment: Resolution of Intention No. 3826 (Resolution of Intention to Annex Territory known as Commonwealth Crossing into CFD 2003-1) the maximum special tax authorized to be levied pursuant to the CFD Rate and Method in Exhibit B. SECTION 7: Notice is given that on Tuesday, October 6, 2020, at 6:30 p.m. or as soon thereafter as the matter may be heard, this Council, as legislative body for the CFD, will conduct a public hearing on the annexation of territory to the CFD, and consider and finally determine whether the public interest, convenience and necessity require said annexation of territory to the CFD and the levy of said special tax therein. It is anticipated that the public hearing will be held virtually by teleconference or web conference only. The virtual location will be identified on the agenda, in accordance with the Brown Act, for the meeting during which this public hearing will be conducted. If held in person, the public hearing will be conducted at the Council Chambers, 625 South Pico, San Jacinto California. Please check the agenda, which will be posted on the City’s website, prior to the meeting for the location of the public hearing and related instructions. SECTION 8: The City Clerk is hereby directed to cause notice of said public hearing to be given by publication o ne time in a newspaper of general circulation in the area of the CFD, including the area to be annexed to the CFD. The publication of the notice shall be completed at least seven days before the date herein set for said hearing. The City Clerk may also cau se a copy of such notice to be mailed to the registered voters and land owners within the territory proposed to be annexed, which shall be mailed at least fifteen days before the date of said hearing. The notice shall be substantially in the form of Exhibit C hereto. SECTION 9: This Resolution shall take effect upon its adoption. PASSED, APPROVED, and ADOPTED this 1st day of September, 2020 by the following vote: AYES: NAYS: ABSENT: ABSTAIN: 3.A.4.a Packet Pg. 88 Attachment: Resolution of Intention No. 3826 (Resolution of Intention to Annex Territory known as Commonwealth Crossing into CFD 2003-1) CITY OF SAN JACINTO ______________________________ Andrew Kotyuk, Mayor ATTEST: Sherry Morton, Interim City Clerk APPROVED AS TO FORM: Best, Best & Krieger __________________________ Michael Maurer, City Attorney 3.A.4.a Packet Pg. 89 Attachment: Resolution of Intention No. 3826 (Resolution of Intention to Annex Territory known as Commonwealth Crossing into CFD 2003-1) CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss CITY OF SAN JACINTO ) I, Sherry Morton, Interim City Clerk of the City of San Jacinto, DO HEREBY CERTIFY that the foregoing Resolution No. 3826 was passed, approved, and adopted at the Regular Meeting of the San Jacinto City Council held on the 1st day of September, 2020, by the following vote: AYES: NAYS: ABSENT: ABSTAIN: WITNESS MY HAND AND OFFICIAL SEAL the 1st day of September, 2020. ______________________________ Sherry Morton, Interim City Clerk City of San Jacinto 3.A.4.a Packet Pg. 90 Attachment: Resolution of Intention No. 3826 (Resolution of Intention to Annex Territory known as Commonwealth Crossing into CFD 2003-1) EXHIBIT A City of San Jacinto Community Facilities District No. 2003-1 Annexation No. 58 ANNEXATION MAP 3.A.4.a Packet Pg. 91 Attachment: Resolution of Intention No. 3826 (Resolution of Intention to Annex Territory known as Commonwealth Crossing into CFD 2003-1) EXHIBIT B City of San Jacinto Community Facilities District No. 2003-1 Annexation No. 58 RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX 3.A.4.a Packet Pg. 92 Attachment: Resolution of Intention No. 3826 (Resolution of Intention to Annex Territory known as Commonwealth Crossing into CFD 2003-1) EXHIBIT C City of San Jacinto Community Facilities District No. 2003-1 Annexation No. 58 NOTICE OF PUBLIC HEARING Notice is hereby given that the City Council of San Jacinto will conduct a public hearing on Tuesday, October 6, 2020 at 6:30 p.m., or as soon thereafter as the matter may be heard. It is anticipated that the public hearing will be held virtually by teleconference or web conference only. The virtual location will be identified on the agenda, in accordance with the Brown Act, for the meeting during which this public hearing will be conducted. If held in person, the public hearing will be conducted at the Council Chambers, 625 South Pico, San Jacinto California. Please check the agenda, which will be posted on the City’s website, prior to the meeting for the location of the public hearing and related instructions. The following items will be considered: City of San Jacinto Community Facilities District No. 2003-1 Annexation No. 58 On September 1, 2020, the City Council of San Jacinto adopted a Resolution entitled “A Resolution of the City Council of San Jacinto Declaring Its Intention to Annex Territory into Community Facilities District No. 2003-1 and to Authorize the Levy of Special Taxes therein” (the “Resolution of Intention”), all as provided in the Mello-Roos Community Facilities Act of 1982, as amended (Sections 53311 et seq., California Government Code) (the “Act”). Reference is hereby made to the Resolution of Intention on file in the office of the City Clerk of the City of San Jacinto for further particulars. The following is a summary of the provisions of the Resolution of Intention. In the Resolution of Intention, the City Council declared its intention to annex territory into Community Facilities District No. 2003-1 (the “CFD”). The area proposed to be annexed to the CFD is as shown on the Annexation Map, on file with the City Clerk, and identified in Exhibit A of the Resolution of Intention. The type of services financed by the CFD and pursuant to the Act shall consist of those services described as follows: (a) police protection services, including but not limited to, criminal justice services, and (b) fire protection and suppression services. It is presently intended that the services will be provided, without preference or priority, to the existing territory in the CFD and the territory proposed to be annexed to the CFD. The Resolution of Intention provides that the special taxes heretofore caused to be levied in the CFD shall be levied in the territory proposed to be annexed, subject to public hearing and owner consent proceedings as specified in the Act. At the hearing, the testimony of all interested persons for or against the annexation of territory or future annexation of territory to the CFD or the levying special taxes within the territory proposed to be annexed or proposed to be annexed in the future will be heard. Any person interested may file a protest in writing with the City Clerk. City Clerk City of San Jacinto 3.A.4.a Packet Pg. 93 Attachment: Resolution of Intention No. 3826 (Resolution of Intention to Annex Territory known as Commonwealth Crossing into CFD 2003-1) ANNEXATION MAP NO. 58 OFCITY OF SAN JACINTOCOMMUNITY FACILITIES DISTRICT NO. 2003-1 FIL ED IN THE OFFICE OF THE CITY CLERK OF THE CITY O F SAN JACINTO THIS ________ DAY O F ______, 20__. ________________________________________CITY CLERKCITY OF SAN JACINTORIVERSIDE COUNTY, CAL IFO RNIA I HEREBY CERTIFY THAT THE W ITHIN MAP SHOWING THE PROPOSED BOUNDARIES OF ANNEXATION NO. 58 TOCITY OF SAN JACINTO COMMUNITY FACILITIES DISTRICT NO. 2003-1, COUNTY OF RIVERSIDE, STATE OFCALIFORNIA, WAS APPROVED BY THE CITY COUNCIL OF THE CITY O F SAN JACINTO , AT A MEETING THEREOF, HELDON THE _____ DAY OF _____, 20__, BY ITS RESOLUTION NO. __________________. ________________________________________CITY CLERKCITY OF SAN JACINTORIVERSIDE COUNTY, CAL IFO RNIA FIL ED THIS ________ DAY O F _____, 20__, AT THE HOUR OF _______ O’CLO CK __M, IN BOO K ________ OF MAPS OFASSESSMENT AND CO MMUNITY FACILITIES DISTRICTS AT PAG E ______ IN THE O FFICE O F THE COUNTYRECORDER OF THE COUNTY OF R IVERSIDE, STATE O F CALIFORNIA. ____________________________DEPUTYCOUNTY RECORDERCOUNTY OF RIVERSIDE, CAL IFORNIA FOR PARTICULARS O F THE LINES AND DIMENSIONS O F ASSESSOR PARCELS, REFERENCE IS MADE TO THE MAPSOF THE ASSESSOR, COUNTY O F RIVERSIDE, STATE O F CALIFORNIA. REFERENCE IS HEREBY MADE TO THAT CERTAIN MAP ENTITLED “AMENDED PROPOSED BO UNDARY MAP OF CITYOF SAN JACINTO COMMUNITY FACILITIES DISTRIC T NO . 2003-1, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA”FIL ED THE 22ND DAY OF DECEMBER, 2 003, AT THE HOUR O F 8:00 O’CL OCK A.M. IN BOO K 55 OF MAPS O FASSESSMENT AND COMMUNITY FACILITIES DISTRICTS AT PAG ES 58-59 AND AS INSTRUMENT NO. 2003-995886 INTHE OFFICE OF THE CO UNTY RECORDER FO R THE COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, WHICH THISANNEXATION MAP AFFECTS. CERTAIN ANNEXATION PROCEEDINGS HAVE BEEN CONDUCTED WHICH HAVE AD DEDOTHER TERRITORY TO THIS COMMUNITY FACILITIES DISTRICT NO IDENTIFIED IN THIS BOUNDARY MAP. CITY OF SAN JACINTOCOUNTY OF RIVERSIDESTATE OF CALIFORNIACFD BOUNDARYCFD PARCELSPARCELSS SANTA FE AVELA ENTRADA SAN JACINTO AVECOMMONWEALTH AVE S SANTA FE AVESAN JACINTO AVEOAKWOOD ST Sheet 1 of 1 Source: Riverside County GISGeographic Coordinate Reference: GCS North American 1983Projection: NAD 1983 StatePlane California VI FIPS 0406 Feet ¬«79 ¬«79 R A M O N A E X P YSTATE STWARREN RDSANDERSON AVEMAIN ST COTTONWOOD AVE ESPLANADE AVE M O U NTAIN AVE RAMONA EXPY SAN JACINTO AVE RA M ONA BLVD LAKE PARK DRESPLANADA AVE C I T Y O F S A N J A C I N T OCITY O F S A N J A C I N T O ANNEXATION BOUNDARY ANNEXATION PARCELS PARCELS015030075Feet O 439-120-057 439-120-058 439-120-059 439-120-061 439-120-062 R A M O N A EXPY 439-120-060 3.A.4.b Packet Pg. 94 Attachment: Resolution of Intention - Exhibit A - Annexation Map (Resolution of Intention to Annex Territory known as Commonwealth Crossing into CFD 2003-1) City of San Jacinto October 30, 2003 Community Facilities District No. 2003-1 Page 1 RATE AND METHOD OF APPORTIONMENT FOR COMMUNITY FACILITIES DISTRICT NO. 2003-1 OF THE CITY OF SAN JACINTO A Special Tax as hereinafter defined shall be levied on all Assessor’s Parcels in Community Facilities District No. 2003-1 of the City of San Jacinto ("CFD No. 2003-1") and collected each Fiscal Year commencing in Fiscal Year 2003-2004, in an amount determined by the Council through the application of the appropriate Special Tax for "Developed Property" as described below. All of the real property in CFD No. 2003-1, unless exempted by law or by the provisions hereof, shall be taxed for the purposes, to the extent and in the manner herein provided. A. DEFINITIONS The terms hereinafter set forth have the following meanings: "Acre or Acreage" means the land area of an Assessor’s Parcel as shown on an Assessor's Parcel Map, or if the land area is not shown on an Assessor's Parcel Map, the land area shown on the applicable final map, parcel map, condominium plan, or other recorded County parcel map. "Act" means the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5, Division 2 of Title 5 of the Government Code of the State of California. "Administrative Expenses" means the following actual or reasonably estimated costs directly related to the administration of CFD No. 2003-1: the costs of computing the Special Taxes and preparing the annual Special Tax collection schedules (whether by the City or designee thereof or both); the costs of collecting the Special Taxes (whether by the County or otherwise); the costs to the City, CFD No. 2003-1 or any designee thereof of complying with City or CFD No. 2003-1 disclosure requirements; the costs associated with responding to public inquiries regarding the Special Taxes; the costs of the City, CFD No. 2003-1 or any designee thereof related to an appeal of the Special Tax; and the City’s annual administration fees and third party expenses. Administrative Expenses shall also include amounts estimated or advanced by the City or CFD No. 2003-1 for any other administrative purposes of CFD No. 2003-1, including attorney’s fees and other costs related to commencing and pursuing to completion any foreclosure of delinquent Special Taxes. "Apartment Property" means any Assessor's Parcel of Residential Property that consists of a building or buildings comprised of attached residential units available for rental, but not purchase, by the general public and under common management. "Assessor's Parcel Map" means an official map of the Assessor of the County designating parcels by Assessor's Parcel number. 3.A.4.c Packet Pg. 95 Attachment: Resolution of Intention - Exhibit B - RMA (Resolution of Intention to Annex Territory known as Commonwealth Crossing into CFD City of San Jacinto October 30, 2003 Community Facilities District No. 2003-1 Page 2 "CFD Administrator" means an official of the City, or designee thereof, responsible for calculating the Special Tax Requirement and providing for the levy and collection of the Special Taxes. "CFD No. 2003-1" means Community Facilities District No. 2003-1 of the City. "City" means the City of San Jacinto. "Consumer Price Index" means the Consumer Price Index published by the U.S. Bureau of Labor Statistics for "All Urban Consumers" in the Los Angeles - Anaheim - Riverside Area, measured as of the month of December in the calendar year which ends in the previous Fiscal Year. In the event this index ceases to be published, the Consumer Price Index shall be another index as determined by the CFD Administrator that is reasonably comparable to the Consumer Price Index for the City of Los Angeles. "Council" means the City Council of the City, acting as the legislative body of CFD No. 2003-1. "County" means the County of Riverside. "Developed Property" means, for each Fiscal Year, all Taxable Property for which a building permit for new construction was issued after March 1, 2003 and as of March 1 of the previous Fiscal Year. "Fiscal Year" means the period starting July 1 and ending on the following June 30. "Floor Area" for any Non-Residential Property means the total square footage of the building(s) located on such property, measured from outside wall to outside wall, exclusive of overhangs, porches, patios, carports, or similar spaces attached to the building but generally open on at least two sides. The determination of Floor Area shall be made by reference to the building permit(s) issued for such Assessor’s Parcel. "Land Use Class" means any of the classes listed in Table 1 and Table 2. "Maximum Special Tax" means the Maximum Special Tax A and/or Maximum Special Tax B, as applicable. "Maximum Special Tax A" means the Maximum Special Tax A, determined in accordance with Section C.1 below, that can be levied in any Fiscal Year on any Assessor’s Parcel. "Maximum Special Tax B" means the Maximum Special Tax B, determined in accordance with Section C.2 below, that can be levied on any Assessor’s Parcel of Taxable Property on a one-time basis, at the time a building permit for new construction is issued for such Assessor’s Parcel. "Non-Residential Property" means all Assessor’s Parcels for which a building permit(s) was issued for a non-residential use. 3.A.4.c Packet Pg. 96 Attachment: Resolution of Intention - Exhibit B - RMA (Resolution of Intention to Annex Territory known as Commonwealth Crossing into CFD City of San Jacinto October 30, 2003 Community Facilities District No. 2003-1 Page 3 "Non-Retail Commercial/Industrial Property" means all Assessor’s Parcels of Developed Property that are considered Non-Residential Property and that are not Retail Commercial Property. "Property Owner Association Property" means, for each Fiscal Year, any Assessor’s Parcel within the boundaries of CFD No. 2003-1 that was owned by or irrevocably offered for dedication to a property owner association, including any master or sub-association, as of January 1 of the previous Fiscal Year. "Proportionately" means that the ratio of the actual Special Tax A levy to the Maximum Special Tax A is equal for all Assessor’s Parcels of Developed Property. "Public Property" means, for each Fiscal Year, (i) any property within the boundaries of CFD No. 2003-1 that was owned by or irrevocably offered for dedication to the federal government, the State, the City or any other public agency as of January 1 of the previous Fiscal Year; provided however that any property leased by a public agency to a private entity and subject to taxation under Section 53340.1 of the Act shall be taxed and classified in accordance with its use; or (ii) any property within the boundaries of CFD No. 2003-1 that was encumbered, as of January 1 of the previous Fiscal Year, by an unmanned utility easement making impractical its utilization for other than the purpose set forth in the easement. "Residential Property" means all Assessor’s Parcels of Developed Property for which a building permit has been issued for purposes of constructing one or more residential dwelling units. "Retail Commercial Property" means all Assessor’s Parcels of Non-Residential Property for which the building permit was issued for a retail sales tax generating use or which is being used primarily for a retail sales tax generating use, as determined by the CFD Administrator. However, if the land use of an Assessor’s Parcel changes, and such Assessor’s Parcel no longer generates retail sales tax, such Assessor’s Parcel shall no longer be considered Retail Commercial Property and shall be classified and taxed according to its use, as determined by the CFD Administrator. "Single Family Property" means all Assessor’s Parcels of Residential Property for which building permits have been issued for detached residential units, excluding Apartment Property. "Special Tax" means the Special Tax A and/or Special Tax B, as applicable. "Special Tax A" means the annual special tax to be levied in each Fiscal Year on each Assessor's Parcel of Developed Property to fund the Special Tax Requirement. "Special Tax B" means the one-time Special Tax which is paid directly to the City at the time a building permit for new construction is issued for an Assessor’s Parcel of Taxable Property. 3.A.4.c Packet Pg. 97 Attachment: Resolution of Intention - Exhibit B - RMA (Resolution of Intention to Annex Territory known as Commonwealth Crossing into CFD City of San Jacinto October 30, 2003 Community Facilities District No. 2003-1 Page 4 "Special Tax Requirement" means that amount required in any Fiscal Year to meet the needs of CFD No. 2003-1 to: (i) pay for fire protection and suppression services (ii) pay for police protection services (iii) pay Administrative Expenses; less (iv) a credit for any funds available to reduce the annual Special Tax levy, as determined by the CFD Administrator. "State" means the State of California. "Taxable Property" means all of the Assessor's Parcels within the boundaries of CFD No. 2003-1 which are not exempt from the Special Tax pursuant to law or Section E below. "Undeveloped Property" means, for each Fiscal Year, all Taxable Property not classified as Developed Property. B. ASSIGNMENT TO LAND USE CATEGORIES Each Fiscal Year, all Taxable Property within CFD No. 2003-1 shall be classified as Developed Property or Undeveloped Property and shall be subject to Special Taxes in accordance with the rate and method of apportionment determined pursuant to Section C. Residential Property shall be assigned to Land Use Classes 1 and 2 based on the type of structure located on the Assessor's Parcel. Non-Retail Commercial/Industrial Property shall be assigned to Land Use Class 3. C. MAXIMUM SPECIAL TAX RATE 1. Special Tax A The Special Tax A is an annual Special Tax that shall be levied on Developed Property to fund the Special Tax Requirement. a. Developed Property (i) Maximum Special Tax A The Maximum Special Tax A for Fiscal Year 2003-2004 for each Land Use Class is shown below in Table 1. 3.A.4.c Packet Pg. 98 Attachment: Resolution of Intention - Exhibit B - RMA (Resolution of Intention to Annex Territory known as Commonwealth Crossing into CFD City of San Jacinto October 30, 2003 Community Facilities District No. 2003-1 Page 5 TABLE 1 Maximum Special Tax A for Developed Property For Fiscal Year 2003-2004 Community Facilities District No. 2003-1 Land Use Class Description Maximum Special Tax A 1 Single Family Property $350 per unit 2 Apartment Property $262.50 per unit 3 Non-Retail Commercial/Industrial Property $0.119 per SF of Floor Area (ii) Increase in the Maximum Special Tax A On each July 1, commencing on July 1, 2004, the Maximum Special Tax A shall be increased based on the percentage change in the Consumer Price Index with a maximum annual increase of six percent (6%) and a minimum annual increase of two percent (2%) per Fiscal Year. (iii) Multiple Land Use Classes In some instances an Assessor’s Parcel of Developed Property may contain more than one Land Use Class. The Maximum Special Tax that can be levied on an Assessor’s Parcel shall be the sum of the Maximum Special Taxes that can be levied for all Land Use Classes located on that Assessor’s Parcel. b. Undeveloped Property No Special Tax A shall be levied on Undeveloped Property. 3.A.4.c Packet Pg. 99 Attachment: Resolution of Intention - Exhibit B - RMA (Resolution of Intention to Annex Territory known as Commonwealth Crossing into CFD City of San Jacinto October 30, 2003 Community Facilities District No. 2003-1 Page 6 2. Special Tax B The Special Tax B is a one-time Special Tax that shall be paid directly to the City at the time a building permit for new construction is issued for an Assessor’s Parcel of Taxable Property. a. Maximum Special Tax B The Maximum Special Tax B for Fiscal Year 2003-2004 for each Land Use Class is shown below in Table 2. TABLE 2 Maximum Special Tax B For Fiscal Year 2003-2004 Community Facilities District No. 2003-1 Land Use Class Description Maximum Special Tax B 1 Single Family Property $600 per unit 2 Apartment Property $450 per unit 3 Non-Retail Commercial/Industrial Property $0.204 per SF of Floor Area b. Increase in the Maximum Special Tax B On each July 1, commencing on July 1, 2004, the Maximum Special Tax B shall be increased based on the percentage change in the Consumer Price Index with a maximum annual increase of six percent (6%) and a minimum annual increase of two percent (2%) per Fiscal Year. D. METHOD OF APPORTIONMENT OF THE SPECIAL TAX 1. Special Tax A Commencing with Fiscal Year 2003-2004 and for each following Fiscal Year, the Council shall determine the Special Tax Requirement. The Council shall levy the Special Tax A until the amount of Special Taxes equals the Special Tax Requirement. The Special Tax A shall be levied Proportionately on each Assessor’s Parcel of Developed Property at up to 100% of the applicable Maximum Special Tax A as needed to satisfy the Special Tax Requirement. 3.A.4.c Packet Pg. 100 Attachment: Resolution of Intention - Exhibit B - RMA (Resolution of Intention to Annex Territory known as Commonwealth Crossing into CFD City of San Jacinto October 30, 2003 Community Facilities District No. 2003-1 Page 7 Notwithstanding the above, under no circumstances will the Special Tax A levied against any Assessor’s Parcel of Residential Property for which an occupancy permit for private residential use has been issued be increased by more than ten percent as a consequence of delinquency or default by the owner of any other Assessor’s Parcel within CFD No. 2003-1. 2. Special Tax B Commencing with Fiscal Year 2003-04 and for each following Fiscal Year, the Council shall levy the Special Tax B on each Assessor’s Parcel that is subject to the Special Tax B at 100% of the applicable Maximum Special Tax B. The Special Tax B shall be collected by the City at the time a building permit for new construction is issued for an Assessor’s Parcel of Taxable Property. E. EXEMPTIONS No Special Tax shall be levied on Retail Commercial Property, Property Owner Association Property or Public Property. However, should an Assessor’s Parcel no longer be classified as Retail Commercial Property, Property Owner Association Property or Public Property, its tax-exempt status will be revoked. F. APPEALS AND INTERPRETATIONS Any landowner or resident may file a written appeal of the Special Tax on his/her property with the CFD Administrator, provided that the appellant is current in his/her payments of Special Taxes. During the pendency of an appeal, all Special Taxes previously levied must be paid on or before the payment date established when the levy was made. The appeal must specify the reasons why the appellant claims the Special Tax is in error. The CFD Administrator shall review the appeal, meet with the appellant if the CFD Administrator deems necessary, and advise the appellant of its determination. If the CFD Administrator agrees with the appellant, the CFD Administrator shall eliminate or reduce the Special Tax on the appellant’s property and/or provide a refund to the appellant. If the CFD Administrator disagrees with the appellant and the appellant is dissatisfied with the determination, the appellant then has 30 days in which to appeal to the Council by filing a written notice of appeal with the City Clerk, provided that the appellant is current in his/her payments of Special Taxes. The second appeal must specify the reasons for its disagreement with the CFD Administrator’s determination. Interpretations may be made by the Council by ordinance or resolution for purposes of clarifying any vagueness or ambiguity in this Rate and Method of Apportionment. 3.A.4.c Packet Pg. 101 Attachment: Resolution of Intention - Exhibit B - RMA (Resolution of Intention to Annex Territory known as Commonwealth Crossing into CFD City of San Jacinto October 30, 2003 Community Facilities District No. 2003-1 Page 8 G. MANNER OF COLLECTION The Special Tax A shall be collected in the same manner and at the same time as ordinary ad valorem property taxes; provided, however, that in Fiscal Year 2004-05 and each Fiscal Year thereafter, CFD No. 2003-1 may directly bill the Special Tax A, may collect Special Taxes at a different time or in a different manner if necessary to meet its financial obligations, and may covenant to foreclose and may actually foreclose on delinquent Assessor’s Parcels as permitted by the Act. Commencing in Fiscal Year 2003-04, the Special Tax B shall be paid directly to the City. H. TERM OF SPECIAL TAX The Special Tax A and Special Tax B shall be levied as long as necessary to fund items (i) and (ii) of the Special Tax Requirement. K:\Clients2\San Jacinto\Mello\Police&Fire CFD\RMA\servicesrma9.doc 3.A.4.c Packet Pg. 102 Attachment: Resolution of Intention - Exhibit B - RMA (Resolution of Intention to Annex Territory known as Commonwealth Crossing into CFD EXHIBIT B CITY OF JACINTO COMMUNITY FACILITIES DISTRICT NO. 2003-1 MAXIMUM SPECIAL TAX A FOR DEVELOPED PROPERTY Land Use Class Description Fiscal Year 2003-04 Maximum Special Tax A [1] 1 Single Family Property $350.00 per unit 2 Apartment Property $262.50 per unit 3 Non-Retail Commercial/Industrial Property $0.119 per SF of Floor Area [1] On each July 1, commencing July 1, 2004, the Maximum Special Tax A for Developed Property shall be increased by the percentage change in the Consumer Price Index with a maximum annual increase of six percent (6.00%) and a minimum increase of two percent (2.00%) of the amount in effect in the previous Fiscal Year. 3.A.4.c Packet Pg. 103 Attachment: Resolution of Intention - Exhibit B - RMA (Resolution of Intention to Annex Territory known as Commonwealth Crossing into CFD EXHIBIT C CITY OF JACINTO COMMUNITY FACILITIES DISTRICT NO. 2003-1 MAXIMUM SPECIAL TAX B Land Use Class Description Fiscal Year 2003-04 Maximum Special Tax B [1] 1 Single Family Property $600.00 per unit 2 Apartment Property $450.00 per unit 3 Non-Retail Commercial/Industrial Property $0.204 per SF of Floor Area [1] On each July 1, commencing July 1, 2004, the Maximum Special Tax B for property where a building permit has been issued shall be increased by the percentage change in the Consumer Price Index with a maximum annual increase of six percent (6.00%) and a minimum increase of two percent (2.00%) of the amount in effect in the previous Fiscal Year. 3.A.4.c Packet Pg. 104 Attachment: Resolution of Intention - Exhibit B - RMA (Resolution of Intention to Annex Territory known as Commonwealth Crossing into CFD September 1, 2020 TO: City Council REQUESTED BY: Stuart McKibbin, City Engineer APPROVED BY: Robert A. Johnson, City Manager SUBJECT: Local Road Safety Plan Budget Request RECOMMENDATION: Staff recommends that the City Council authorize a budget appropriation for the Local Road Safety Plan (CP-002) in the amount of $72,000 in both revenue and expenditures for the grant- funded portion of the project. DISCUSSION: On July 7, 2020, the City Council approved a Professional Services Agreement with Fehr & Peers to complete a Local Road Safety Plan in the amount of $79,412. A portion of the cost is offset by grant funding in the amount of $72,000. The remaining $7,412 has established budget in CIP project CP-002. Although the Fiscal Impact of the July 7th staff report detailed that the City had received grant funding, additional budget for this amount was not requested. This action only establishes budget for the contract that was already approved by the City Council on July 7th. FISCAL IMPACT: City staff received a $72,000 state funded grant to complete the Local Road Safety Plan. This amount will be budgeted in the General Fund as grant revenue and also as an expenditure in CP- 002, leaving no net impact to the General Fund. The remaining $7,412 has existing budget in CP-002. 3.A.5 Packet Pg. 105 September 1, 2020 TO: City Council REQUESTED BY: Stuart McKibbin, City Engineer APPROVED BY: Robert A. Johnson, City Manager SUBJECT: Hewitt Street Rehabiltiation Project RECOMMENDATION: Staff recommends that City Council approve the Funding Agreement with Riverside County Flood Control District for the San Jacinto Master Drainage Plan Line D-2 extension and authorize the City Manager execute the agreement. DISCUSSION: The Hewitt Street Rehabilitation project (CIP 07-011) includes street improvements, installation of a sidewalk, curb and gutters, minor turning lane widening, and pavement rehabilitation between Esplanade Avenue and Park Avenue. Another element of the project is about 2,500 feet of underground storm drain from Commonwealth Avenue to Park Avenue, which is designated San Jacinto Valley MDP Line D-2 extension (Line D-2 extension). The City is responsible to construct Line D-2 extension and operate and maintain it once it is complete. The City anticipates starting construction of the Hewitt Street Rehabilitation project in the Fall of 2020. The engineer’s estimate to complete the Line D-2 extension drainage improvement is about $440,000.00. The Funding Agreement establishes the terms and conditions for Riverside County Flood Control and Water Conservation District (District) to contribute up to $460,000 for the Line D-2 extension. The contribution consists of the lowest responsible bid less cost of unassociated street improvements, plus 10% of the lowest responsible bid to cover construction contract administration, and another 10% of the lowest responsible bid to cover construction contract change orders. The final District contribution would be subtracted from the District’s remaining contribution to future drainage projects within the City as established in the Amended and Restated Cooperative (Joint Funding) Agreement for the San Jacinto Levee, Stage 4 approved by Council on April 7, 2020. Staff’s recommendation is for the Council to approve the funding agreement and authorize the City Manager to execute the agreement. FISCAL IMPACT: There will be no fiscal impact to the City for the Line D-2 extension. ATTACHMENTS: 3.A.6 Packet Pg. 106 20 - 09 01 Agenda re Hewitt Street Rehabilitation (MDP Line D-2 Extension Funding Agreement) 3.A.6 Packet Pg. 107 233152 - 1 - FUNDING AGREEMENT San Jacinto Valley MDP Line D-2 Extension (Hewitt Street Storm Drain) Project No. 4-8-09102 This Funding Agreement (“Agreement”), dated as of , 2020, is entered into by and between the Riverside County Flood Control and Water Conservation District, a body politic, ("DISTRICT") and the City of San Jacinto, a municipal corporation, ("CITY"). DISTRICT and CITY are individually referred to herein as “party” and collectively referred to herein as “parties”. The parties hereto hereby agree as follows: RECITALS A. DISTRICT has budgeted for and CITY has plans to design, construct, operate and maintain Hewitt Street Line D-2 Extension ("LINE D-2") from Commonwealth Avenue to Park Avenue. Upon construction completion, LINE D-2 will provide 10-year flood protection for the residents and reduce runoff on Hewitt Street in the City of San Jacinto; and B. LINE D-2, as identified in the DISTRICT’s San Jacinto Valley Master Drainage Plan (“MDP”) Line D, project consists of approximately 2,488 lineal feet of various underground sized storm drain systems, as shown in concept in blue on Exhibit "A" attached hereto and made a part hereof. LINE D-2 is hereinafter called "CITY’s FACILITY". At the downstream terminus, CITY’s FACILITY connects to existing DISTRICT facility as shown on DISTRICT Drawing No. 4-0551, as shown in concept in dashed red on Exhibit "A"; and C. Associated with the construction of CITY’s FACILITY, are the catch basins, manholes, a transition structure, and associated traffic loop detectors, which are hereinafter called "CITY’s APPURTENANCES"; and D. Together, CITY’s FACILITY and CITY’s APPURTENANCES are hereinafter called "PROJECT"; and E. Associated with the construction of PROJECT are the street improvements including, but not limited to, the installation of a sidewalk, curb and gutters, minor turning lane 3.A.6.a Packet Pg. 108 Attachment: 20 - 09 01 Agenda re Hewitt Street Rehabilitation (MDP Line D-2 Extension Funding Agreement) (Hewitt Street Rehabiltiation 233152 - 2 - widening, and associated pavement rehabilitation, hereinafter called “STREET IMPROVEMENTS”; and F. CITY plans to advertise, award and administer a public works construction contract for PROJECT during Fiscal Year 2020/2021; and G. DISTRICT is willing to review and inspect any CITY’s proposed storm drain connections to the DISTRICT maintained facilities; and H. DISTRICT wishes to support CITY's efforts to construct PROJECT by providing a financial contribution toward PROJECT's construction costs; and I. DISTRICT's contributions shall be as follows subject to the not to exceed amount provided in Recital J below: i. One hundred percent (100%) of the lowest responsible bid contract price, excluding the price of any STREET IMPROVEMENTS not associated with the PROJECT ("CONSTRUCTION CONTRIBUTION"), plus an additional ten percent (10%) of the lowest responsible bid price to offset CITY's administrative costs associated with construction contract administration and other typical ancillary costs related to the delivery of PROJECT ("CONTRACT ADMINISTRATION CONTRIBUTION"), plus an additional ten percent (10%) for construction contract change orders ("CONSTRUCTION CHANGE ORDERS CONTRIBUTION"). J. Together, CONSTRUCTION CONTRIBUTION, CONTRACT ADMINISTRATION CONTRIBUTION and CONSTRUCTION CHANGE ORDER CONTRIBUTION are hereinafter called “TOTAL DISTRICT CONTRIBUTION”. TOTAL DISTRICT CONTRIBUTION for PROJECT shall not exceed a total of Four Hundred Sixty Thousand Dollars ($460,000); and K. DISTRICT wishes to provide only financial assistance to CITY and have no other role; and 3.A.6.a Packet Pg. 109 Attachment: 20 - 09 01 Agenda re Hewitt Street Rehabilitation (MDP Line D-2 Extension Funding Agreement) (Hewitt Street Rehabiltiation 233152 - 3 - L. The purpose of this Agreement is to memorialize the mutual understandings by and between CITY and DISTRICT with respect to the construction, ownership, operation and maintenance of PROJECT and the payment of TOTAL DISTRICT CONTRIBUTION. NOW, THEREFORE, in consideration of the preceding recitals and the mutual covenants hereinafter contained, the parties hereto mutually agree that the above recitals are true and correct and incorporated into the terms of this Agreement and as follows: SECTION I CITY shall: 1. Pursuant to the California Environmental Quality Act ("CEQA"), act as Lead Agency and assume responsibility for preparation, circulation and adoption of all necessary and appropriate CEQA documents pertaining to the construction, operation and maintenance of PROJECT. 2. Upon execution of this Agreement, advertise, award, and administer a Public Works construction contract of the bids for PROJECT pursuant to the applicable provisions of the California Public Contract Code. At the time of advertising for bids, provide DISTRICT with a copy of PROJECT plans, specifications, bid documents and any subsequent addenda thereto. If the bid documents include items associated with any STREET IMPROVEMENTS not associated with the PROJECT, CITY shall separate such bid items. 3. Provide DISTRICT with written notice (Attention: Contract Services Section) that CITY has awarded a public works construction contract for PROJECT. The written notice shall include the Contractor's actual bid amounts for PROJECT, setting forth the low est responsible bid contract amount. 4. Prior to commencing construction of PROJECT for any connections to DISTRICT facilities as set forth in Recital B, obtain a no fee encroachment permit from DISTRICT, pursuant to its rules and regulations and comply with all provisions set forth therein. 3.A.6.a Packet Pg. 110 Attachment: 20 - 09 01 Agenda re Hewitt Street Rehabilitation (MDP Line D-2 Extension Funding Agreement) (Hewitt Street Rehabiltiation 233152 - 4 - 5. Issue a first invoice to DISTRICT (Attention: Contract Services Section) for one hundred percent (100%) of the CONSTRUCTION CONTRIBUTION at the time of providing written notice of the award of a construction contract, as set forth in Section I.3 6. Construct or cause to be constructed PROJECT pursuant to a CITY administered public works construction contract in accordance with IMPROVEMENT PLANS. 7. Inspect PROJECT construction or cause PROJECTꞌs construction to be inspected by its construction manager. 8. Grant DISTRICT, by execution of this Agreement, the right to enter upon property owned or controlled by CITY where necessary and convenient for the purpose of gaining access to and performing inspection service for any CITY’s proposed storm drain connections to the DISTRICT maintained facilities. 9. Procure or caused to be procured insurance coverages during the term of this Agreement. CITY shall require its PROJECT construction contractor(s) to furnish original certificate(s) of insurance and original certified copies of endorsements and if requested, certified original policies of insurance including all endorsements and any and all other attachments. Prior to CITY issuing a Notice to Proceed to its construction contractor(s) to begin construction of PROJECT, an original certificate of insurance evidencing the required insurance coverage shall be provided to DISTRICT. At minimum, the procured insurance coverages should adhere to the DISTRICT’s required insurance provided in EXHIBIT "B", attached hereto and made a part hereof. 10. Require its construction contractor(s) to comply with all Cal/OSHA safety regulations including regulations concerning confined space and maintain a safe working environment for all CITY and DISTRICT employees on the site. 11. Upon completion of PROJECT construction and CITY's acceptance thereof, accept ownership and sole responsibility for the design, operation and maintenance of PROJECT. 3.A.6.a Packet Pg. 111 Attachment: 20 - 09 01 Agenda re Hewitt Street Rehabilitation (MDP Line D-2 Extension Funding Agreement) (Hewitt Street Rehabiltiation 233152 - 5 - 12. Upon completion of PROJECT construction, provide DISTRICT with a copy of CITY's Notice of Completion. 13. Keep an accurate accounting of all PROJECT costs along with the CITY's CONSTRUCTION ADMINISTRATION CONTRIBUTION and provide this accounting to DISTRICT with CITY’s Notice of Completion, as set forth in Section I.12. The final accounting of construction costs shall include a detailed breakdown of all costs, including , but not limited to, payment vouchers, CITY approved change orders and other such construction contract documents as may be necessary, to establish the actual cost of construction for the DISTRICT and CITY approved IMPROVEMENT PLANS. 14. Upon Notice of Completion, issue a second invoice to DISTRICT for ten percent (10%) of the CITY's CONSTRUCTION ADMINISTRATION CONTRIBUTION and if applicable, ten percent (10%) of the CITY’s CONSTRUCTION CHANGE ORDERS CONTRIBUTION, subject to and provided that TOTAL DISTRICT CONTRIBUTION shall not exceed Four Hundred Sixty Thousand Dollars ($460,000). SECTION II DISTRICT shall: 1. Act as a Responsible Agency under CEQA, taking all necessary and appropriate action to comply with CEQA for PROJECT. 2. Review the IMPROVEMENT PLANS in accordance with the applicable DISTRICT and CITY standards and approve prior to advertising PROJECT for construction bids. 3. Issue a no fee encroachment permit (″Encroachment Permit″) for the construction of PROJECT facilities as set forth in Recital B, in accordance with the approved IMPROVEMENT PLANS and subject to the provisions set forth in DISTRICT's Encroachment Permit. 3.A.6.a Packet Pg. 112 Attachment: 20 - 09 01 Agenda re Hewitt Street Rehabilitation (MDP Line D-2 Extension Funding Agreement) (Hewitt Street Rehabiltiation 233152 - 6 - 4. Within thirty (30) days of receiving of CITY's first invoice, pay one hundred percent (100%) of CITY’s CONSTRUCTION CONTRIBUTION, as set forth in Section I.5. 5. Within thirty (30) days after receipt of CITY's second invoice, pay ten percent (10%) of the CITY's CONSTRUCTION ADMINISTRATION CONTRIBUTION, and if applicable, pay ten percent (10%) of CITY’s CONSTRUCTION CHANGE ORDERS CONTRIBUTION, as set forth in Section I.14, subject to and provided that TOTAL DISTRICT CONTRIBUTION shall not exceed a total sum of Four Hundred Sixty Thousand Dollars ($460,000). CITY shall be responsible to pay any amounts in excess of TOTAL DISTRICT CONTRIBUTION. SECTION III It is further mutually agreed: 1. Notwithstanding any other provision herein, this Agreement’s TOTAL DISTRICT CONTRIBUTION shall not exceed a total sum of Four Hundred Sixty Thousand Dollars ($460,000); and shall be used by CITY solely for the purpose of construction of said PROJECT as set forth herein. No additional funding whatsoever shall be provided by DISTRICT for any subsequent PROJECT modifications, extensions or repairs. 2. In the event the actual construction cost for PROJECT is less than the CONSTRUCTION CONTRIBUTION, CITY shall refund the difference to DISTRICT within thirty (30) days of filing the Notice of Completion for PROJECT. 3. Under the provisions of this Agreement, DISTRICT shall bear no responsibility whatsoever for the design, construction, ownership, operation or maintenance of PROJECT. 4. CITY shall indemnify, defend, save and hold harmless DISTRICT and the County of Riverside (including their agencies, districts, special districts and departments, their respective directors, officers, Board of Supervisors, elected and appointed officials, employees, 3.A.6.a Packet Pg. 113 Attachment: 20 - 09 01 Agenda re Hewitt Street Rehabilitation (MDP Line D-2 Extension Funding Agreement) (Hewitt Street Rehabiltiation 233152 - 7 - agents, representatives, independent contractors, and subcontractors) from any liabilities, claim, damage, proceeding or action, present or future, based upon, arising out of or in any way relating to CITY's (including its officers, elected and appointed officials, employees, agents, representatives, independent contractors and subcontractors) actual or alleged acts or omissions related to this Agreement, performance under this Agreement or failure to comply with the requirements of this Agreement, including, but not limited to, (a) property damage; (b) bodily injury or death; (c) payment of attorney fees; or (d) any other element of any kind or nature whatsoever. This section shall survive any termination of this Agreement until the statute of limitations period has run for any claims that could be asserted under this Agreement. 5. If any provision in this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions will nevertheless continue in full force without being impaired or invalidated in any way. 6. This Agreement is to be construed in accordance with the laws of the State of California. Any action at law or in equity brought by any of the parties hereto for the purpose of enforcing a right or rights provided for by this Agreement shall be tried in a court of competent jurisdiction in the County of Riverside, State of California, and the parties hereto waive all provisions of law providing for a change of venue in such proceedings to any other county. Neither CITY nor DISTRICT shall assign this Agreement without the written consent of th e other party. 7. This Agreement is made and entered into for the sole protection and benefit of the parties hereto. No other person or entity shall have any right of action based upon the provisions of this Agreement. 8. Any and all notices sent or required to be sent to the parties of this Agreement will be mailed by first class mail, postage prepaid, to the following addresses: 3.A.6.a Packet Pg. 114 Attachment: 20 - 09 01 Agenda re Hewitt Street Rehabilitation (MDP Line D-2 Extension Funding Agreement) (Hewitt Street Rehabiltiation 233152 - 8 - RIVERSIDE COUNTY FLOOD CONTROL CITY OF SAN JACINTO AND WATER CONSERVATION DISTRICT 166 East Main Street, Ste 2 1995 Market Street San Jacinto, CA 92583 Riverside, CA 92501 Attn: Stuart McKibbin Attn: Contracts Services Section 9. This Agreement is the result of negotiations between the parties hereto and the advice and assistance of their respective counsel. The fact that this Agreement was prepared as a matter of convenience by DISTRICT shall have no import or significance. Any uncertainty or ambiguity in this Agreement shall not be construed against DISTRICT because DISTRICT prepared this Agreement in its final form. 10. Any waiver by DISTRICT or CITY of any breach by any other party of any provision of this Agreement shall not be construed to be a waiver of any subsequent or other breach of the same or any other provision hereof. Failure on the part of DISTRICT or CITY to require from any other party exact, full and complete compliance with any of the provisions of this Agreement shall not be construed as in any manner changing the terms hereof or estopping DISTRICT or CITY from enforcing this Agreement. 11. The obligations of DISTRICT are limited by and contingent upon the availability of DISTRICT funds for DISTRICT's financial contribution towards PROJECT as set forth herein. In the event that such funds are not forth coming for any reason, DISTRICT shall immediately notify CITY in writing. AGREEMENT shall be deemed terminated and have no further force and effect immediately upon receipt of DISTRICT's notification by CITY. 12. This Agreement is intended by the parties hereto as a final expression of their understanding with respect to the subject matter hereof and as a complete and exclusive statement of the terms and conditions thereof and supersedes any and all prior and contemporaneous agreements and understandings, oral or written, in connection therewith. This Agreement may be amended, changed or modified only upon the written consent of the parties hereto. 3.A.6.a Packet Pg. 115 Attachment: 20 - 09 01 Agenda re Hewitt Street Rehabilitation (MDP Line D-2 Extension Funding Agreement) (Hewitt Street Rehabiltiation 233152 - 9 - 13. No alternation or variation of the terms of this Agreement shall be valid unless made in writing and signed by both parties and no oral understanding or agreement not incorporated herein shall be binding on either party hereto. 14. Nothing in the provisions of this Agreement is intended to create duties or obligations to or rights in third parties not parties to this. 15. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument. // // 3.A.6.a Packet Pg. 116 Attachment: 20 - 09 01 Agenda re Hewitt Street Rehabilitation (MDP Line D-2 Extension Funding Agreement) (Hewitt Street Rehabiltiation 233152 - 10 - IN WITNESS WHEREOF, the parties hereto have executed this Funding Agreement on . (to be filled in by Clerk of the Board) RECOMMENDED FOR APPROVAL: RIVERSIDE COUNTY FLOOD CONTROL AND WATER CONSERVATION DISTRICT By JASON E. UHLEY General Manager-Chief Engineer By KAREN SPIEGEL, Chairwoman Riverside County Flood Control and Water Conservation District Board of Supervisors APPROVED AS TO FORM: ATTEST: GREGORY P. PRIAMOS County Counsel KECIA HARPER Clerk of the Board By SYNTHIA M. GUNZEL Chief Deputy County Counsel By Deputy (SEAL) Funding Agreement: City of San Jacinto San Jacinto Valley MDP Line D-2 Extension (Hewitt Street Storm Drain) 07/27/2020 AK:blm 3.A.6.a Packet Pg. 117 Attachment: 20 - 09 01 Agenda re Hewitt Street Rehabilitation (MDP Line D-2 Extension Funding Agreement) (Hewitt Street Rehabiltiation 233152 - 11 - RECOMMENDED FOR APPROVAL: CITY OF SAN JACINTO By ROBERT A. JOHNSON City Manager APPROVED AS TO FORM: ATTEST: By MICHAEL J. MAURER City Attorney By SHERRY MORTON Interim City Clerk Funding Agreement: City of San Jacinto San Jacinto Valley MDP Line D-2 Extension (Hewitt Street Storm Drain) 07/27/2020 AK:blm 3.A.6.a Packet Pg. 118 Attachment: 20 - 09 01 Agenda re Hewitt Street Rehabilitation (MDP Line D-2 Extension Funding Agreement) (Hewitt Street Rehabiltiation EXHIBIT “A” COOPERATIVE AGREEMENT San Jacinto MDP Line D-2 Extension (Hewitt Street Storm Drain) Project No. 4-8-09102 Page 1 of 1 3.A.6.a Packet Pg. 119 Attachment: 20 - 09 01 Agenda re Hewitt Street Rehabilitation (MDP Line D-2 Extension Funding Agreement) (Hewitt Street Rehabiltiation EXHIBIT “B” San Jacinto Valley MDP Line D-2 Extension (Hewitt Street Storm Drain) Project No. 4-8-09102 Insurance Requirements | Page 1 of 3 DISTRICT's Insurance Requirements is as follows: Without limiting or diminishing CITY's obligation to indemnify or hold DISTRICT harmless, CITY shall procure and maintain or cause to be maintained, at its sole cost and expense, the following insurance coverage’s during the term of this Agreement. As respects to the insurance section only, the DISTRICT herein refers to the Riverside County Flood Control and Water Conservation District, the County of Riverside, its Agencies, Districts, Special Districts, and Departments, their respective directors, officers, Board of Supervisors, employees, elected or appointed officials, agents or representatives as Additional Insureds. A. Workers' Compensation: If CITY has employees as defined by the State of California, CITY shall maintain statutory Workers' Compensation Insurance (Coverage A) as prescribed by the laws of the State of California. Policy shall include Employers’ Liability (Coverage B) including Occupational Disease with limits not less than $1,000,000 per person per accident. Policy shall be endorsed to waive subrogation in favor of DISTRICT. B. Commercial General Liability: Commercial General Liability insurance coverage, including but not limited to, premises liability, unmodified contractual liability, products and completed operations liability, personal and advertising injury, and cross liability coverage, covering claims which may arise from or out of CITY's performance of its obligations hereunder. Policy shall name the DISTRICT as Additional Insured. Policy's limit of liability shall not be less than $2,000,000 per occurrence combined single limit. If such insurance contains a general aggregate limit, it shall apply separately to this Agreement or be no less than two (2) times the occurrence limit. C. Vehicle Liability: If vehicles or mobile equipment are used in the performance of the obligations under this Agreement, then CITY shall maintain liability insurance for all owned, non-owned or hired vehicles so used in an amount not less than $1,000,000 per occurrence combined single limit. If such insurance contains a general aggregate limit, it shall apply separately to this Agreement or be no less than two (2) times the occurrence limit. Policy shall name the DISTRICT as Additional Insureds. D. Professional Liability: CITY shall cause any architect or engineer retained by CITY in connection with the performance of CITY's obligations under this Agreement to maintain Professional Liability Insurance providing coverage for the performance of their work included within this Agreement, with a limit of liability of not less than $2,000,000 per occurrence and $4,000,000 annual aggregate. CITY shall require that, if such Professional Liability Insurance is written on a claims made basis rather than an occurrence basis, such insurance shall continue through the term of 3.A.6.a Packet Pg. 120 Attachment: 20 - 09 01 Agenda re Hewitt Street Rehabilitation (MDP Line D-2 Extension Funding Agreement) (Hewitt Street Rehabiltiation EXHIBIT “B” San Jacinto Valley MDP Line D-2 Extension (Hewitt Street Storm Drain) Project No. 4-8-09102 Insurance Requirements | Page 2 of 3 this Agreement and that such architect or engineer shall purchase at such architect or engineer's sole expense either 1) an Extended Reporting Endorsement (also known as Tail Coverage); or 2) Prior Dates Coverage from a new insurer with a retroactive date back to the date of, or prior to, the inception of this Agreement; or 3) demonstrate through Certificates of Insurance that such architect or engineer has maintained continuous coverage with the same or original insurer. Coverage provided under items: 1), 2) or 3) shall continue for the term specified in the insurance policy as long as the law allows. E. General Insurance Provisions – All Lines: a. Any insurance carrier providing insurance coverage hereunder shall be admitted to the State of California and have an A.M. BEST rating of not less than an A: VIII (A: 8) unless such requirements are waived, in writing, by the DISTRICT Risk Manager. If the DISTRICTꞌs Risk Manager waives a requirement for a particular insurer such waiver is only valid for that specific insurer and only for one policy term. b. The CITY must declare its insurance self-insured retention for each coverage required herein. If any such self-insured retention exceeds $500,000 per occurrence each such retention shall have the prior written consent of the DISTRICT Risk Manager before the commencement of operations under this Agreement. Upon notification of self-insured retention deemed unacceptable to the DISTRICT, and at the election of the DISTRICTꞌs Risk Manager, CITY's carriers shall either: 1) reduce or eliminate such self-insured retention with respect to this Agreement with DISTRICT, or 2) procure a bond which guarantees payment of losses and related investigations, claims administration, and defense costs and expenses. c. CITY shall cause their insurance carrier(s) or its contractor's insurance carrier(s), to furnish DISTRICT with 1) a properly executed original certificate(s) of insurance and certified original copies of endorsements effecting coverage as required herein; and 2) if requested to do so orally or in writing by the DISTRICT Risk Manager, provide original certified copies of policies including all endorsements and all attachments thereto, showing such insurance is in full force and effect. Further, said certificate(s) and policies of insurance shall contain the covenant of the insurance carrier(s) that a minimum of thirty (30) days written notice shall be given to t he DISTRICT prior to any material modification, cancellation, expiration or reduction in coverage of such insurance. If CITY insurance carrier(s) policies does not meet the minimum notice requirement found herein, CITY shall cause CITY's insurance carrier(s) to furnish a 30-day Notice of Cancellation Endorsement. 3.A.6.a Packet Pg. 121 Attachment: 20 - 09 01 Agenda re Hewitt Street Rehabilitation (MDP Line D-2 Extension Funding Agreement) (Hewitt Street Rehabiltiation EXHIBIT “B” San Jacinto Valley MDP Line D-2 Extension (Hewitt Street Storm Drain) Project No. 4-8-09102 Insurance Requirements | Page 3 of 3 d. In the event of a material modification, cancellation, expiration or reduction in coverage, this Agreement shall terminate forthwith, unless DISTRICT receives, prior to such effective date, another properly executed original certificate of insurance and original copies of endorsements or certified original policies, including all endorsements and attachments thereto, evidencing coverages set forth herein and the insurance required herein is in full force and effect. An individual authorized by the insurance carrier to do so on its behalf shall sign the original endorsements for each policy and the certificate of insurance. e. It is understood and agreed by the parties hereto that CITY's insurance shall be construed as primary insurance, and DISTRICT's insurance and/or deductibles and/or self-insured retentions or self-insured programs shall not be construed as contributory. f. If, during the term of this Agreement or any extension thereof, there is a material change in the scope of services or there is a material change in the equipment to be used in the performance of the scope of work which will add additional exposures (such as the use of aircraft, watercraft, cranes, etc.); or the term of this Agreement, including any extensions thereof, exceeds five (5) years, DISTRICT reserves the right to adjust the types of insurance required under this Agreement and the monetary limits of liability for the insurance coverages currently required herein, if, in the DISTRICT Risk Manager's reasonable judgment, the amount or type of insurance carried by CITY has become inadequate. g. CITY shall pass down the insurance obligations contained herein to all tiers of subcontractors working under this Agreement. h. The insurance requirements contained in this Agreement may be met with a program(s) of self-insurance acceptable to DISTRICT. i. CITY agrees to notify DISTRICT of any claim by a third party or any incident or event that may give rise to a claim arising from the performance of this Agreement. 3.A.6.a Packet Pg. 122 Attachment: 20 - 09 01 Agenda re Hewitt Street Rehabilitation (MDP Line D-2 Extension Funding Agreement) (Hewitt Street Rehabiltiation September 1, 2020 TO: City Council REQUESTED BY: Stuart McKibbin, City Engineer APPROVED BY: Robert A. Johnson, City Manager SUBJECT: Luiseno Village Retail Center RECOMMENDATION: Staff recommends that the City Council approve the Grading, Erosion and Sediment Control Security Agreement for Soboba Band of Luiseño Indians for the development of SPDR 17-17 - Luiseño Village Retail Center; located at the southwest corner of Main Street and Ramona Expressway. DISCUSSION: On November 5, 2019, the City Council approved the development application SPDR 17-17 – Luiseno Village Retail Center. Subsequent to the approval, the developer, Soboba Band of Luiseno Indians prepared the project’s Grading, Erosion and Sediment Control Plans. Soboba Band of Luiseno Indians is proposing to complete the grading and installation of the erosion and sediment control provisions, and as such is responsible to post the security and agreement. The City Engineers office reviewed the cost estimate and the City Attorney’s office completed its review of the attached agreements, and recommend Council approval. FISCAL IMPACT: All costs associated with completion of improvements is the responsibility of the developer. ATTACHMENTS: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) 3.A.7 Packet Pg. 123 3.A.7.a Packet Pg. 124 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 125 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 126 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 127 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 128 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 129 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 130 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 131 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 132 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 133 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 134 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 135 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 136 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 137 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 138 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 139 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 140 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 141 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 142 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 143 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 144 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 145 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) 3.A.7.a Packet Pg. 146 Attachment: 20 - 09 01 Agenda re Luiseno Village Retail Center (Security Agreement) (Luiseno Village Retail Center) September 1, 2020 TO: City Council REQUESTED BY: Tom Prill, Deputy City Manager APPROVED BY: Robert A. Johnson, City Manager SUBJECT: Investment Portfolio Review with Advisors RECOMMENDATION: Receive and file. DISCUSSION: In May 2012, the City Council approved the use of two Investment Advisors to control a portfolio of $10 million each. Chandler Asset Management has maintained one portfolio for 8 years and 2 months, while Public Trust Advisors (formerly BLX) has maintained another portfolio for 7 years and 10 months. Both Chandler and PTA will be in attendance to make brief presentations (attached) and to answer questions from the City Council. FISCAL IMPACT: N/A ATTACHMENTS: Chandler Presentation - 09-01-20 for PE 07-31-20 PTA Annual Portfolio Review_2020 4.1 Packet Pg. 147 CHANDLER ASSET MANAGEMENT, INC. | 800.317.4747 | www.chandlerasset.com INVESTMENT REPORT Period Ending July 31, 2020 City of San Jacinto, California 4.1.a Packet Pg. 148 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with SECTION 1 Economic Update SECTION 2 Account Profile SECTION 3 Portfolio Holdings SECTION 4 Transactions Table of Contents As of July 31, 2020 1 4.1.a Packet Pg. 149 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with SECTION |Section 1 |Economic Update 2 4.1.a Packet Pg. 150 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Economic Update ▪ ▪ ▪ The second quarter was likely the low point for economic activity and the consensus forecast calls for a fairly strong rebound in activity in the current quarter and a slowing pace in improvement thereafter. However, the outlook remains uncertain, particularly amid ongoing US COVID-19outbreaks.We believe the outlook foreconomic activity is dependent on the course of the pandemic, the amount of additional fiscal relief from the government, and the timeline for a vaccine. Notably, the effects of the pandemic continue to weigh heavily on the labor market. Year-to-date, the S&P 500 index is up modestly as the US equity market has largely recovered its pandemic-fueled decline and the worst of the economic data appears to be in the rearview mirror. As expected, the Federal Open Market Committee kept the fed funds targetrate unchanged at theirJuly meeting in arange of 0.0%to 0.25%. The Fed extended its emergency lending programs through the end of 2020,athree-month extension, and will continue to use its balance sheet to support the flow of credit and stability of financial markets. Fed Chair Powell indicated thatthe Fed is more cautious about the downside risks to the economy and less concerned about the upside and potential threat of inflation.In his words, the Fed’s job is to “hope for the best and plan for the worst.”In our view, this suggests that policy rates are likely to remain low until employment is clearly back on track. The Treasury yield curve flattened in July, with short-term rates anchored near 0.0% and the yield on 10-year Treasuries down 13 basis points.On a year-to-date basis, the yield on 2-year Treasuries was down 146 basis points to 0.11% and the yield on 10-yearTreasuries was down about 139 basis points to 0.53%at the end of July.In August, the Treasury yield curve has steepened, driven by an increase in longer-term rates. We believe a wave of new Treasury issuance to fund the growing fiscal deficit has put upward pressure on longer-term rates this month. Inflation expectations have also started to creep higher. Nevertheless, Treasury yields remain very low on a historical basis. 3 4.1.a Packet Pg. 151 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Unprecedented Fed Intervention Fed Action Details Rate Cuts •Cut fed funds target rate by 1.50% to 0.00-0.25% •Discount window rate lowered to 0.25% •Fractional reserve requirement 0% •Interest on Excess Reserves cut to 0.10% TSY/Agency MBS Purchases •Purchases in the amounts needed to ensure smooth market functioning Repo Operations •$1.5 trillion+ short-term repo facilities to provide liquidity Commercial Paper Funding Facility (CPFF)•Purchases of Tier 1 CP* Primary Dealer Credit Facility (PDCF)•Loans to Primary Dealers up to 3 months Money Market Mutual Fund Liquidity Facility (MMLF)•Liquidity to MMFs in form of loans to banks to purchase assets from MMFs FX Swap Lines •Temporary lending to boost circulation of dollars worldwide Primary Market Corporate Credit Facility (PMCCF)•Purchases of investment grade corporate debt directly from issuers** Secondary Market Corporate Credit Facility (SMCCF) •Purchases of investment grade debt and ETFs (IG and HY) in the secondary market Term ABS Loan Facility (TALF)•Loans to investors to buy highest-rated ABS, CMBS and CLOs to support consumer and business credit Municipal Liquidity Facility •Up to $500 billion in lending to states and municipalities via debt security purchases from states, counties, and cities Main Street Lending Program •Up to $600 billion in loan purchases from small-and mid-sized businesses Paycheck Protection Program Liquidity Facility (PPP) •Liquidity to participating financial institutions through term financing backed by PPP loans to small businesses *CP issuers that were Tier 1 as of March 17, 2020 and were subsequently downgraded to no lower than Tier 2 may be eligible on a one-time basis.**Issuers that were rated at least Baa3/BBB-as of March 22, 2020 and were subsequently downgraded to no lower than Ba3/BB-may be eligible. Source: US Federal Reserve 4 4.1.a Packet Pg. 152 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with CARES Act and Other Fiscal Stimulus: $2.7 Trillion and Counting Source: U.S. Congress Temporary student loan relief, work-study funds, extended limits on subsidized loan and Pell Grant eligibility, funds for post office $1.07T Business Loans, Grants, Tax Relief, wage protection, airline relief Large Corporations & Small Businesses Individuals $581B Cash payments, unemployment benefits, tax breaks, tax filing postponed $500B Federal Reserve Lending Program/Economic Stabilization Fund Federal Reserve Public Health $228B Hospitals, drug access, CDC funding, veteran health care, medicine and supplies $175B Testing, community development grants, schools State/Local Governments Education/Other $96B Safety Net Funds for SNAP program, child nutrition, food banks, housing, FEMA $87B 5 4.1.a Packet Pg. 153 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Source: US Department of Labor Source: US Department of Labor Employment U.S. nonfarm payrolls were betterthan expected, increasing by 1,763,000 in July versus expectations of 1,480,000. Private payrolls increased by 1,462,000and government payrolls increased by 301,000. The unemployment rate declined to 10.2%in July (versus expectations of 10.6%) from 11.1%in June. However, the participation rate edged down to 61.4% from 61.5%. Furthermore, workers who classified themselves as employed but absent from work in the July survey understated the unemployment rate by about 1%. The U-6underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economicreasons, remained very high but eased to 16.5% in July from 18.0% in June. -22,000 -18,000 -14,000 -10,000 -6,000 -2,000 2,000 6,000 10,000 MOM Change In (000's)Nonfarm Payroll (000's) Non-farm Payroll (000's) 3 month average (000's) 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% 22.0% 24.0% Unemployment Rate Underemployment Rate (U6) Unemployment Rate (U3)Rate (%)6 4.1.a Packet Pg. 154 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Initial Claims for Unemployment 1,106 971 1,191 1,435 1,422 1,308 1,310 1,408 1,482 1,540 1,566 1,897 2,123 2,446 14,844 15,480 16,090 16,951 16,151 17,304 17,760 18,760 19,231 20,289 20,606 21,268 20,841 - 5,000 10,000 15,000 20,000 25,000 In thousandsInitial Jobless Claims Continuing Claims Initial Claims For Unemployment May 15, 2020 -August 14, 2020 In the most recent week, initial jobless claims increased by 1,106,000, which was higher than the prior week level of 971,000. The level of continuing unemployment claims (where the data is lagged by one week) remained very high in the week of August 7th at about 14.8million but was down from the prior week level of nearly 15.5 million. Although continuing jobless claims have declined from the peak of nearly 25 million in early May, they remain well above the 2019 average of 1.7 million. Source: US Department of Labor 7 4.1.a Packet Pg. 155 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Source: US Department of Labor Source: US Department of Commerce Inflation The Consumer Price Index (CPI) was up 1.0% year-over-year in July, versus up 0.6%in June. Core CPI (CPI less food and energy) was up 1.6% year-over-year in July, versus up 1.2%in June. The Personal Consumption Expenditures (PCE) index was up 0.8% year-over-year in June, versus up just 0.5% year-over-year in May. Core PCE, which is the Fed's primary inflation gauge, was up 0.9% year-over-year in June, versus up 1.0% year-over-year in May. Both CPI and PCE are running meaningfully lower than pre-pandemic levels, indicating thatthe effect of the pandemic has been deflationary. 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% Personal Consumption Expenditures (PCE) PCE Price Deflator YOY % Change PCE Core Deflator YOY % ChangeYOY( %) Change0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% Consumer Price Index (CPI) CPI YOY % Change Core CPI YOY % ChangeYOY( %) Change8 4.1.a Packet Pg. 156 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Retail sales were softerthan expected in July. Nevertheless,on ayear-over-yearbasis, retail sales were up 2.7%in July,an improvement from 2.1%in June.On a month-over-month basis, retail sales were up just 1.2%in July, following an 8.4% increase in June. Excluding autos and gas, retail sales were up 1.5%in July, which was better than expected. Spending at electronics and appliance stores jumped nearly 23%in July. Spending on clothing, restaurants, health & personal care, and online retail also increased in July. The ConsumerConfidence index fell to 92.6 in July from 98.3 in June. There were large declines in California, Florida and Texas where virus cases were increasing rapidly. Source: US Department of Commerce Source: The Conference Board -25.0% -20.0% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% Retail Sales YOY % Change YOY (%) Change80 90 100 110 120 130 140 150 Index LevelConsumer Confidence Consumer 9 4.1.a Packet Pg. 157 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Source: The Conference Board Source: Federal Reserve Bank of Chicago Economic Activity The Conference Board’s Leading Economic Index (LEI) rose 1.4% in July, following a 3.0% increase in June. On a year-over-year basis, the LEI was down 6.8%in July versus down 7.7%in June. According to the Conference Board, the post-pandemicrecovery appears to be "losing steam" and the pace of economic growth is likely to weaken through year-end. The Chicago Fed National Activity Index (CFNAI) declined to 1.18 in July from 5.33 in June. However,on a3-month movingaverage basis, the CFNAI improved to +3.59 in July from -2.78 in June, which is above the -0.7 recessionary level for the first time since February. -8.00 -7.00 -6.00 -5.00 -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 Chicago Fed National Activity Index (CFNAI)3 Month Average-8.0% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% Leading Economic Indicators (LEI)MOM ( %) Change10 4.1.a Packet Pg. 158 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Source: US Department of Commerce Source: S&P Housing 0 200 400 600 800 1000 1200 1400 1600 1800 2000 MOM Change (In Thousands of Units)Housing Starts Multi Family Housing Starts Single Family Housing Starts 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% S&P/Case-Shiller 20 City Composite Home Price Index YOY( %) ChangeTotal housing starts surged nearly 23%in July to an annual pace of 1,496,000. Single family starts rose 8.2%to an annualized rate of 940,000, while multi-family starts soared 58.4%to an annualized rate of 556,000.On a year-over-year basis, housing starts were up 23.4%in July, with single family starts up 7.4% year-over-year, and multi-family starts up 65.0%. Meanwhile, permits were up 18.8%in July on a month-over- month basis,to an annualized rate of 1,495,000. According to the Case-Shiller 20-City home price index, home prices were up 3.7% year-over- year in May versus up 3.9% year-over-year in April. Home prices have been generally resilient despite the weak economic backdrop and we believe low inventory and low mortgage rates continue to support prices. 11 4.1.a Packet Pg. 159 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Source: Institute for Supply Management Source: Federal Reserve Manufacturing The Institute forSupply Management (ISM) manufacturing index improved to 54.2 in July from 52.6 in June. New orders rose five points to 61.5. The reading above 50.0 suggests that the manufacturing sector is expanding. The Industrial Production index was down 8.2% year-over-year in July, versus down 11.0%in June.On a month-over-month basis, the Industrial Production index increased 3.0%in July, following a 5.7% increase in June. Capacity Utilization improved to 70.6%in July from 68.5%in June,but remains well below the long-run average of 79.8%. Overall manufacturing conditions have improved, following a deep contraction. 40 42 44 46 48 50 52 54 56 58 60 62 Institute of Supply Management Purchasing Manager Index EXPANDING CONTRACTING -20.0% -16.0% -12.0% -8.0% -4.0% 0.0% 4.0% 8.0% Industrial Production YOY( %) Change12 4.1.a Packet Pg. 160 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Source: US Department of Commerce Source: US Department of Commerce 9/19 12/19 3/20 6/20 1.8% 1.1% -4.8% -25.1% 0.3% -0.6% -1.6% -9.4% 0.0% 1.5% 1.1% 0.7% 0.3% 0.3% 0.1% 1.2% 0.1% 0.2% 0.1% -0.4% 2.6% 2.4% -5.0% -32.9% Components of GDP Federal Government Expenditures State and Local (Consumption and Gross Investment) Net Exports and Imports Total Gross Private Domestic Investment Personal Consumption Expenditures -35.0% -30.0% -25.0% -20.0% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% Gross Domestic Product (GDP) GDP QOQ % Change GDP YOY % Change Gross Domestic Product (GDP) US gross domestic product (GDP) declined at an annual rate of 32.9%in the second quarter, just slightly less negative than the consensus forecast of -35.0%but the largest decline on record. This follows a 5.0% annualized decline in first quarter GDP. Personal consumption expenditures plunged 34.6%in the second quarter, following a 6.9% decline in the first quarter. The consensus forecast calls fora fairly strong rebound in consumer spending and overall economic activity in the third quarter, and a slowing pace of improvement in activity thereafter. According to the National Bureau of EconomicResearch, the US economy officially entered arecession in February 2020,following a128-month economicexpansion. Economic dataremains weak but is showing early signs of improvement, which suggests thatthe recession (which is the period between the peak of economic activity and the trough) may technically already be over. 13 4.1.a Packet Pg. 161 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Federal Reserve Source: Federal Reserve Source: Bloomberg The Fed has taken a wide range of aggressive actions to help stabilize and provide liquidity to the financial markets. The Fed has lowered the fed funds target rate to a range of 0.0%-0.25% and continues to purchase Treasury and agency mortgage-backed securities to support smooth market functioning. Policymakers reinstated the Commercial PaperFunding Facility and Money Market Mutual Fund Liquidity Facility in order to provide liquidity to the commercial paper, money markets, and the municipal bond markets. The Fed has established the Primary Market Corporate Credit Facility and Secondary Market Corporate Credit Facility to support the corporate bond market. The Term Asset-Backed Securities Loan Facility has been established to enable the issuance of asset-backed securities backed by student loans, auto loans, credit card loans, and loans guaranteed by the Small Business Administration. The Fed has established the Paycheck Protection Program Liquidity Facility and Fed’s Main Street Lending Facility to support the flow of credit to businesses. The Fed established the Municipal Liquidity Facility to purchase short-term debt directly from US states, counties, and cities. The Fed has also provided short-term funding through large-scale repo operations and lowered the reserve requirement for depository institutions. 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% Effective Federal Funds Rate Yield (%)3,500,000 4,000,000 4,500,000 5,000,000 5,500,000 6,000,000 6,500,000 7,000,000 7,500,000 Federal Reserve Balance Sheet Assets In$ millions14 4.1.a Packet Pg. 162 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Source: Bloomberg Source: Bloomberg 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% US Treasury Note Yields 2-Year 5-Year 10-Year Yield (%)0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% US Treasury Yield Curve Jul-20 Apr-20 Jul-19 Yield (%)Bond Yields At July month-end, Treasury yields were much lower on ayear-over-year basis. The 3-month T-bill yield was down 198 basis points, the 2-year Treasury yield was down 177 basis points, and the 10-Year Treasury yield was down 149 basis points, year-over-year. Much of the spread movement was in the month of March 2020,with the Fed cutting rates by atotal of 150 basis points and concerns about a global recession and a flight to safe-haven assets driving down yields across the curve. 15 4.1.a Packet Pg. 163 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Section 2|SECTION |Section 2 |Account Profile 16 4.1.a Packet Pg. 164 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Objectives Chandler Asset Management Performance Objective The performance objective for the portfolio is to earn a total rate of return over a market cycle that equals or exceeds the benchmark, the ICE BAML 1-5 Year US Treasury/Agency Index. Investment Objectives The City of San Jacinto’s investment objectives,in order of priority,are to provide safety to ensure the preservation of capital in the overall portfolio,provide sufficient liquidity for cash needs and a market rate of return consistent with the investment program. Strategy In order to achieve these objectives,the portfolio invests in high quality fixed income securities consistent with the investment policy and California Government Code. As of July 31, 2020 17 4.1.a Packet Pg. 165 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Compliance As of July 31, 2020 Category Standard Comment Municipal Securities "A" rating category or better by a NRSRO; 30% maximum; 5% max per issuer Complies Treasury Issues No Limitation Complies Agency Issues No Limitation Complies Supranationals "AA" rated or better by a NRSRO; 30% maximum; 10% max per issuer; U.S. dollar denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and Development ("IBRD"), the International Finance Corporation ("IFC") or the Inter- American Development Bank ("IADB") Complies Banker’s Acceptances "A-1" short term debt rated or higher by at least two NRSROs; and "A" long-term debt rated or higher by at least two NRSROs; 40% maximum; 5% max per issuer; 180 days max maturity Complies Commercial Paper "A-1" short term debt rated or higher by at least two NRSROs; and "A" long-term debt rated or higher by at least two NRSROs; 25% maximum; 5% max per issuer; 270 days max maturity; Issuer is a corporation organized and operating in the U.S. with assets > $500 million Complies Negotiable Certificates of Deposit "A" long-term issuer rated category or higher by at least two NRSROs; and/or "A-1" short term rated or higher by at least two NRSROs; 30% maximum; 5% max per issuer Complies Federally Insured Certificates of Deposit (CDs)/ Time Deposit (TDs)20% maximum (combined FDIC insured and collateralized TD/ CD); Amount per institution is limited to maximum covered under federal insurance Complies Collateralized Certificates of Deposit (CDs)/Time Deposit (TDs)/ "A" long-term debt rated category or higher by at least two NRSROs; and/or "A-1" short term debt rated or higher by at least two NRSROs; 20% maximum (combined FDIC and collateralized TD/ CD)Complies Corporate Medium Term Notes "A" rated category or better by at least two NRSROs; 30% maximum; 5% max per issuer; Issued by corporations organized and operating within the U.S. or by depository institutions licensed by the U.S. or any state and operating within the U.S. Complies Mutual Fund & Money Market Mutual Fund Highest rating or "AAA" rated by two NRSROs; SEC registered adviser with AUM >$500 million and experience > 5 years; 20% maximum in Mutual Funds and Money Market Mutual Funds; 10% max per one Mutual Fund; 20% max in Money Market Mutual Fund Complies Asset-Backed (ABS), Mortgage-Backed Securities; Mortgage Pass-Throughs; Collateralized Mortgage Obligations (CMOs) "AA" rated category or better by at least two NRSROs; "A" issuer debt rated category or higher by at least two NRSROs; 20% maximum; 5% max per issuer Complies Local Agency Investment Fund (LAIF) 70% of the portfolio may be invested in LAIF, up to the maximum permitted balance; Not used by investment adviser Complies Local Government Investment Pools and Joint Powers Authority Pools Riverside County Investment Fund- 70% max of the total portfolio JPA Pools- 50% max of the total portfolio Repurchase Agreements 102% collateralized; 1 year max maturity Complies Prohibited Securities Inverse floaters; Ranges notes, Interest-only strips from mortgaged backed securities; Zero interest accrual securities; Margin purchasing or selling; Reverse repurchase agreements; Foreign currency denominated securities Complies Max Callables 20% maximum callable securities (does not include "make whole call" securities)Complies Max Per Issuer 5% of portfolio per issuer (except U.S. Government, its Agencies and enterprises, Money Market Mutual Funds, Mutual Funds, LAIF, LGIP, Supranationals, or unless otherwise specified in the investment policy)Complies Maximum maturity 5 years Complies City of San Jacinto Assets managed by Chandler Asset Management are in full compliance with state law and with the City's investment policy. 18 4.1.a Packet Pg. 166 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Portfolio Characteristics City of San Jacinto 7/31/2020 4/30/2020 Benchmark*Portfolio Portfolio Average Maturity (yrs)2.62 2.67 2.62 Average Modified Duration 2.54 2.50 2.44 Average Purchase Yield n/a 1.91%1.99% Average Market Yield 0.15%0.27%0.54% Average Quality**NR AA/Aa1 AA/Aa1 Total Market Value 11,337,231 11,262,836 *ICE BAML 1-5 Year US Treasury/Agency Index **Benchmark is a blended rating of S&P, Moody’s, and Fitch. Portfolio is S&P and Moody’s respectively. As of July 31, 2020 19 4.1.a Packet Pg. 167 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with City of San Jacinto Sector Distribution ABS 4.5% Agency 44.7% Corporate 21.0% Money Market Fund FI 1.3% US Treasury 28.6% July 31, 2020 April 30, 2020 ABS 4.6% Agency 45.1% Corporate 21.0% Money Market Fund FI 1.1% US Treasury 28.2% As of July 31, 2020 20 4.1.a Packet Pg. 168 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Issue Name Investment Type % Portfolio Government of United States US Treasury 28.63% Federal Home Loan Bank Agency 21.38% Federal National Mortgage Association Agency 15.81% Federal Home Loan Mortgage Corp Agency 7.46% Apple Inc Corporate 1.88% Wal-Mart Stores Corporate 1.82% Oracle Corp Corporate 1.81% Deere & Company Corporate 1.45% JP Morgan Chase & Co Corporate 1.43% Berkshire Hathaway Corporate 1.42% Charles Schwab Corp/The Corporate 1.36% Bank of New York Corporate 1.36% Cisco Systems Corporate 1.35% Honda Motor Corporation Corporate 1.34% John Deere ABS ABS 1.31% First American Govt Oblig Fund Money Market Fund FI 1.27% Bank of America Corp Corporate 1.23% Toyota Motor Corp Corporate 1.19% Honda ABS ABS 1.18% Nissan ABS ABS 1.16% General Dynamics Corp Corporate 1.13% State Street Bank Corporate 1.12% US Bancorp Corporate 1.11% Toyota ABS ABS 0.82% TOTAL 100.00% Issuers City of San Jacinto –Account #10167 As of July 31, 2020 21 4.1.a Packet Pg. 169 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with AAA AA A <A NR 07/31/20 3.6%77.5%14.5%0.0%4.4% 04/30/20 3.0%76.8%13.4%0.0%6.8% Source: S&P Ratings July 31, 2020 vs. April 30, 2020 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% AAA AA A <A NR 7/31/2020 4/30/2020 Quality Distribution City of San Jacinto As of July 31, 2020 22 4.1.a Packet Pg. 170 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ City of San Jacinto ICE BAML 1-5 Year US Treasury/Agency Index Portfolio Compared to the Benchmark as of July 31, 2020 0 -0.25 0.25 -0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ Portfolio 4.3% 5.4% 10.6% 17.2% 23.3% 18.4% 20.7% 0.0% Benchmark*0.6% 0.3% 2.0% 34.4% 27.7% 19.6% 15.4% 0.0% *ICE BAML 1-5 Year US Treasury/Agency Index Duration Distribution City of San Jacinto As of July 31, 2020 23 4.1.a Packet Pg. 171 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Total Rate of Return Annualized Since Inception 06/30/2012 Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending value; it includes interest earnings, realized and unrealized gains and losses in the portfolio. Investment Performance City of San Jacinto 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 12 months 2 years 3 years 5 years 10 years Since Inception City of San Jacinto City of San Jacinto 1-5 Year Govt Blended Index*City of San Jacinto 1-5 Yr Corp/Gov AAA-A Blend** Annualized TOTAL RATE OF RETURN 3 months 12 months 2 years 3 years 5 years 10 years Since Inception 0.69%5.19%4.62%3.13%2.27%N/A 1.68% 0.36%4.52%4.18%2.72%1.90%N/A 1.42% City of San Jacinto ICE BAML 1-5 Year US Treasury/Agency Index* City of San Jacinto 1-5 Yr Corp/Gov AAA-A Blend**0.62%4.53%4.29% 2.84% 2.06% N/A 1.60% As of July 31, 2020 *ICE BAML 1-3 Yr US Treasury Index to 3/31/2020; then ICE BAML 1-5 Yr US Treasury/Agency thereafter. **ICE BAML 1-3 Yr US Corp/Govt Rated AAA-A Index to 3/31/2020; then ICE BAML 1-5 Yr US Corp/Govt Rated AAA-A Index thereafter. 24 4.1.a Packet Pg. 172 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with SECTION |Section 3 |Portfolio Holdings 25 4.1.a Packet Pg. 173 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Holdings Report 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 ABS 47788BAD6 John Deere Owner Trust 2017-B A3 1.820% Due 10/15/2021 9,253.08 07/26/2018 3.16% 9,115.37 9,201.42 100.15 0.53% 9,266.54 7.48 0.08% 65.12 Aaa / NR AAA 1.21 0.11 47789JAB2 John Deere Owner Trust 2019-A A2 2.850% Due 12/15/2021 12,425.17 03/05/2019 2.87% 12,424.61 12,424.89 100.38 0.27% 12,472.87 15.74 0.11% 47.98 Aaa / NR AAA 1.38 0.15 89238KAD4 Toyota Auto Receivables Trust 2017-D A3 1.930% Due 01/18/2022 37,270.43 10/17/2019 1.97% 37,261.69 37,264.73 100.52 0.16% 37,464.80 25.98 0.33% 200.07 Aaa / AAA NR 1.47 0.29 43815HAC1 Honda Auto Receivables Trust 2018-3 A3 2.950% Due 08/22/2022 51,722.77 08/21/2018 2.98% 51,715.69 51,719.12 101.62 0.26% 52,560.76 42.38 0.46% 841.64 Aaa / NR AAA 2.06 0.60 65478WAE5 Nissan Auto Receivables Trust 2016-C A4 1.380% Due 01/17/2023 43,420.94 04/16/2019 2.56% 42,779.80 43,111.28 100.11 0.11% 43,467.05 26.63 0.38% 355.77 Aaa / NR AAA 2.47 0.08 43815NAC8 Honda Auto Receivables Trust 2019-3 A3 1.780% Due 08/15/2023 80,000.00 08/20/2019 1.79% 79,999.34 79,999.54 102.07 0.46% 81,659.12 63.29 0.72% 1,659.58 Aaa / AAA NR 3.04 1.55 477870AC3 John Deere Owner Trust 2019-B A3 2.210% Due 12/15/2023 40,000.00 07/16/2019 2.23% 39,991.51 39,993.49 102.63 0.33% 41,051.24 39.29 0.36% 1,057.75 Aaa / NR AAA 3.38 1.38 65479JAD5 Nissan Auto Receivables Owner 2019-C A3 1.930% Due 07/15/2024 85,000.00 10/16/2019 1.94% 84,995.51 84,996.25 102.84 0.40% 87,413.92 72.91 0.77% 2,417.67 Aaa / AAA NR 3.96 1.83 47789KAC7 John Deere Owner Trust 2020-A A3 1.100% Due 08/15/2024 60,000.00 03/04/2020 1.11% 59,996.33 59,996.65 101.03 0.61% 60,616.44 29.33 0.53% 619.79 Aaa / NR AAA 4.04 2.07 89237VAB5 Toyota Auto Receivables Trust 2020-C A3 0.440% Due 10/15/2024 55,000.00 07/21/2020 0.44% 54,995.77 54,995.78 100.13 0.38% 55,070.90 2.69 0.49% 75.12 Aaa / AAA NR 4.21 2.12 47787NAC3 John Deere Owner Trust 2020-B A3 0.510% Due 11/15/2024 25,000.00 07/14/2020 0.52% 24,996.19 24,996.22 100.08 0.48% 25,020.05 3.19 0.22% 23.83 Aaa / NR AAA 4.30 2.32 TOTAL ABS 499,092.39 1.81% 498,271.81 498,699.37 0.37% 506,063.69 328.91 4.47% 7,364.32 Aaa / AAA Aaa 3.19 1.37 Agency 3137EAEK1 FHLMC Note 1.875% Due 11/17/2020 225,000.00 01/18/2018 2.19% 223,042.50 224,795.34 100.51 0.13% 226,157.63 867.19 2.00% 1,362.29 Aaa / AA+ AAA 0.30 0.29 3130A3UQ5 FHLB Note 1.875% Due 12/11/2020 225,000.00 01/28/2016 1.53% 228,642.75 225,270.44 100.63 0.14% 226,408.95 585.94 2.00% 1,138.51 Aaa / AA+ NR 0.36 0.36 3130A7CV5 FHLB Note 1.375% Due 02/18/2021 200,000.00 03/10/2016 1.61% 197,812.00 199,756.35 100.68 0.13% 201,365.80 1,245.14 1.79% 1,609.45 Aaa / AA+ AAA 0.55 0.54 3135G0N82 FNMA Note 1.250% Due 08/17/2021 315,000.00 01/26/2017 2.02% 304,579.80 312,606.93 101.15 0.15% 318,613.37 1,793.75 2.83% 6,006.44 Aaa / AA+ AAA 1.05 1.03 As of July 31, 2020 26 4.1.a Packet Pg. 174 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Holdings Report 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 313378WG2 FHLB Note 2.500% Due 03/11/2022 300,000.00 03/13/2018 2.65% 298,323.00 299,324.83 103.71 0.19% 311,137.20 2,916.67 2.77% 11,812.37 Aaa / AA+ NR 1.61 1.57 313379Q69 FHLB Note 2.125% Due 06/10/2022 200,000.00 06/20/2017 1.87% 202,370.00 200,885.32 103.54 0.22% 207,080.20 602.08 1.83% 6,194.88 Aaa / AA+ AAA 1.86 1.83 3135G0W33 FNMA Note 1.375% Due 09/06/2022 200,000.00 09/05/2019 1.49% 199,304.00 199,513.56 102.52 0.17% 205,049.80 1,107.64 1.82% 5,536.24 Aaa / AA+ AAA 2.10 2.06 3130A3KM5 FHLB Note 2.500% Due 12/09/2022 100,000.00 09/10/2019 1.60% 102,813.00 102,044.95 105.35 0.22% 105,351.80 361.11 0.93% 3,306.85 Aaa / AA+ NR 2.36 2.29 3135G0T94 FNMA Note 2.375% Due 01/19/2023 290,000.00 10/17/2018 3.07% 281,993.10 285,354.66 105.40 0.18% 305,668.12 229.58 2.70% 20,313.46 Aaa / AA+ AAA 2.47 2.41 3137EAEN5 FHLMC Note 2.750% Due 06/19/2023 200,000.00 11/13/2018 3.08% 197,176.00 198,229.53 107.30 0.21% 214,592.80 641.67 1.90% 16,363.27 Aaa / AA+ AAA 2.88 2.78 313383YJ4 FHLB Note 3.375% Due 09/08/2023 200,000.00 12/27/2018 2.73% 205,630.00 203,719.41 109.73 0.22% 219,469.00 2,681.25 1.96% 15,749.59 Aaa / AA+ NR 3.11 2.94 3130A0F70 FHLB Note 3.375% Due 12/08/2023 220,000.00 01/30/2019 2.71% 226,593.40 224,554.36 110.34 0.27% 242,748.44 1,093.13 2.15% 18,194.08 Aaa / AA+ AAA 3.36 3.19 3135G0V34 FNMA Note 2.500% Due 02/05/2024 375,000.00 03/24/2020 0.82% 398,835.00 396,657.44 107.79 0.27% 404,222.25 4,583.33 3.61% 7,564.81 Aaa / AA+ AAA 3.52 3.35 3130A1XJ2 FHLB Note 2.875% Due 06/14/2024 210,000.00 Various 1.96% 219,055.20 217,018.66 109.74 0.34% 230,456.94 788.22 2.04% 13,438.28 Aaa / AA+ NR 3.87 3.68 3130A2UW4 FHLB Note 2.875% Due 09/13/2024 150,000.00 10/29/2019 1.76% 157,737.00 156,537.33 110.15 0.39% 165,217.95 1,653.13 1.47% 8,680.62 Aaa / AA+ AAA 4.12 3.88 3130A3GE8 FHLB Note 2.750% Due 12/13/2024 250,000.00 12/16/2019 1.77% 261,672.50 260,212.64 110.37 0.35% 275,933.00 916.67 2.44% 15,720.36 Aaa / AA+ NR 4.37 4.14 3135G0X24 FNMA Note 1.625% Due 01/07/2025 225,000.00 01/16/2020 1.69% 224,298.00 224,374.11 105.48 0.38% 237,339.68 243.75 2.10% 12,965.57 Aaa / AA+ AAA 4.44 4.29 3137EAEP0 FHLMC Note 1.500% Due 02/12/2025 245,000.00 02/13/2020 1.52% 244,811.35 244,828.82 105.05 0.38% 257,367.85 1,704.79 2.29% 12,539.03 Aaa / NR AAA 4.54 4.36 3135G03U5 FNMA Note 0.625% Due 04/22/2025 310,000.00 Various 0.63% 309,949.40 309,960.66 101.04 0.40% 313,237.33 522.05 2.77% 3,276.67 Aaa / AA+ AAA 4.73 4.65 3130AJKW8 FHLB Note 0.500% Due 06/13/2025 225,000.00 06/24/2020 0.52% 224,824.50 224,828.08 100.46 0.40% 226,030.73 268.75 2.00% 1,202.65 Aaa / AA+ AAA 4.87 4.80 As of July 31, 2020 27 4.1.a Packet Pg. 175 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Holdings Report 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 3137EAEU9 FHLMC Note 0.375% Due 07/21/2025 145,000.00 07/21/2020 0.48% 144,277.90 144,281.46 99.86 0.40% 144,797.73 12.08 1.28% 516.27 Aaa / AA+ AAA 4.98 4.92 TOTAL Agency 4,810,000.00 1.80% 4,853,740.40 4,854,754.88 0.26% 5,038,246.57 24,817.92 44.66% 183,491.69 Aaa / AA+ Aaa 2.93 2.83 Corporate 857477AS2 State Street Bank Note 2.550% Due 08/18/2020 125,000.00 11/29/2016 2.18% 126,620.00 125,020.32 100.09 0.73% 125,107.00 1,443.23 1.12% 86.68 A1 / A AA- 0.05 0.05 02665WAZ4 American Honda Finance Note 2.450% Due 09/24/2020 150,000.00 10/07/2016 1.72% 154,161.00 150,155.82 100.29 0.50% 150,429.90 1,296.46 1.34% 274.08 A3 / A- NR 0.15 0.15 91159HHL7 US Bancorp Callable Note 1X 12/29/2020 2.350% Due 01/29/2021 125,000.00 05/02/2017 2.12% 126,012.50 125,113.85 100.84 0.29% 126,054.38 16.32 1.11% 940.53 A1 / A+ A+ 0.50 0.41 17275RBD3 Cisco Systems Note 2.200% Due 02/28/2021 150,000.00 09/20/2017 1.98% 151,108.50 150,186.37 100.77 0.86% 151,156.80 1,402.50 1.35% 970.43 A1 / AA- NR 0.58 0.57 369550BE7 General Dynamics Corp Note 3.000% Due 05/11/2021 125,000.00 05/15/2018 3.25% 124,128.75 124,773.59 102.07 0.33% 127,588.00 833.33 1.13% 2,814.41 A2 / A NR 0.78 0.77 808513AW5 Charles Schwab Corp Callable Note Cont 4/21/2021 3.250% Due 05/21/2021 150,000.00 05/30/2018 3.01% 151,011.00 150,252.03 102.13 0.30% 153,190.65 947.92 1.36% 2,938.62 A2 / A A 0.81 0.72 931142EJ8 Wal-Mart Stores Note 3.125% Due 06/23/2021 200,000.00 Various 2.96% 200,929.00 200,280.38 102.57 0.24% 205,146.60 659.72 1.82% 4,866.22 Aa2 / AA AA 0.90 0.89 68389XBK0 Oracle Corp Callable Note Cont 8/15/2021 1.900% Due 09/15/2021 200,000.00 10/12/2017 2.11% 198,458.00 199,557.89 101.68 0.28% 203,351.20 1,435.56 1.81% 3,793.31 A3 / A A- 1.13 1.03 89236TDP7 Toyota Motor Credit Corp Note 2.600% Due 01/11/2022 130,000.00 01/28/2019 2.98% 128,629.80 129,328.26 103.23 0.36% 134,192.50 187.78 1.19% 4,864.24 A1 / A+ A+ 1.45 1.42 06051GEU9 Bank of America Corp Note 3.300% Due 01/11/2023 130,000.00 01/28/2019 3.29% 130,059.80 130,037.03 106.80 0.50% 138,834.41 238.33 1.23% 8,797.38 A2 / A- A+ 2.45 2.36 06406RAE7 Bank of NY Mellon Corp Callable Note Cont 12/29/2022 2.950% Due 01/29/2023 145,000.00 09/09/2019 1.97% 149,541.40 148,316.54 106.13 0.39% 153,892.56 23.76 1.36% 5,576.02 A1 / A AA- 2.50 2.34 084670BR8 Berkshire Hathaway Callable Note Cont 1/15/2023 2.750% Due 03/15/2023 150,000.00 08/26/2019 1.83% 154,525.50 153,284.28 105.98 0.30% 158,971.50 1,558.33 1.42% 5,687.22 Aa2 / AA A+ 2.62 2.37 037833AK6 Apple Inc Note 2.400% Due 05/03/2023 200,000.00 05/20/2019 2.63% 198,284.00 198,804.04 105.74 0.31% 211,471.40 1,173.33 1.88% 12,667.36 Aa1 / AA+ NR 2.76 2.67 24422EUR8 John Deere Capital Corp Note 3.450% Due 01/10/2024 150,000.00 03/14/2019 2.95% 153,322.50 152,374.29 109.72 0.59% 164,586.15 301.88 1.45% 12,211.86 A2 / A A 3.45 3.27 As of July 31, 2020 28 4.1.a Packet Pg. 176 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Holdings Report 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 46625HJX9 JP Morgan Chase Note 3.625% Due 05/13/2024 145,000.00 12/19/2019 2.20% 153,560.80 152,379.82 110.99 0.68% 160,938.11 1,138.85 1.43% 8,558.29 A2 / A- AA- 3.79 3.55 TOTAL Corporate 2,275,000.00 2.47% 2,300,352.55 2,289,864.51 0.43% 2,364,911.16 12,657.30 20.97% 75,046.65 A1 / A+ A+ 1.65 1.56 Money Market Fund FI 31846V203 First American Govt Obligation Fund Class Y 144,488.34 Various 0.01% 144,488.34 144,488.34 1.00 0.01% 144,488.34 0.00 1.27% 0.00 Aaa / AAA AAA 0.00 0.00 TOTAL Money Market Fund FI 144,488.34 0.01% 144,488.34 144,488.34 0.01% 144,488.34 0.00 1.27% 0.00 Aaa / AAA Aaa 0.00 0.00 US Treasury 912828WN6 US Treasury Note 2.000% Due 05/31/2021 200,000.00 04/29/2019 2.29% 198,820.31 199,530.91 101.55 0.13% 203,109.40 677.60 1.80% 3,578.49 Aaa / AA+ AAA 0.83 0.83 912828S76 US Treasury Note 1.125% Due 07/31/2021 100,000.00 11/29/2017 1.98% 96,988.28 99,181.28 100.98 0.14% 100,984.40 3.06 0.89% 1,803.12 Aaa / AA+ AAA 1.00 1.00 912828T34 US Treasury Note 1.125% Due 09/30/2021 125,000.00 05/30/2018 2.59% 119,194.34 122,974.22 101.15 0.14% 126,435.50 472.59 1.12% 3,461.28 Aaa / AA+ AAA 1.17 1.16 912828G53 US Treasury Note 1.875% Due 11/30/2021 220,000.00 04/26/2017 1.81% 220,653.86 220,189.38 102.32 0.14% 225,096.08 698.77 1.99% 4,906.70 Aaa / AA+ AAA 1.33 1.32 912828W89 US Treasury Note 1.875% Due 03/31/2022 200,000.00 04/26/2018 2.75% 193,531.25 197,261.83 102.89 0.14% 205,789.00 1,260.25 1.83% 8,527.17 Aaa / AA+ AAA 1.67 1.64 912828L24 US Treasury Note 1.875% Due 08/31/2022 150,000.00 07/22/2019 1.77% 150,462.89 150,309.95 103.64 0.12% 155,466.75 1,176.97 1.38% 5,156.80 Aaa / AA+ AAA 2.08 2.04 912828M80 US Treasury Note 2.000% Due 11/30/2022 200,000.00 04/11/2019 2.31% 197,851.56 198,620.13 104.37 0.12% 208,742.20 677.60 1.85% 10,122.07 Aaa / AA+ AAA 2.33 2.28 9128284D9 US Treasury Note 2.500% Due 03/31/2023 210,000.00 Various 2.95% 206,053.12 207,666.47 106.33 0.12% 223,289.01 1,764.35 1.99% 15,622.54 Aaa / AA+ AAA 2.67 2.58 912828Y61 US Treasury Note 2.750% Due 07/31/2023 175,000.00 12/27/2018 2.59% 176,223.63 175,798.72 107.84 0.13% 188,712.83 13.08 1.66% 12,914.11 Aaa / AA+ AAA 3.00 2.90 912828W71 US Treasury Note 2.125% Due 03/31/2024 210,000.00 12/05/2019 1.63% 214,331.25 213,674.83 107.20 0.15% 225,126.51 1,499.69 2.00% 11,451.68 Aaa / AA+ AAA 3.67 3.53 912828Y87 US Treasury Note 1.750% Due 07/31/2024 220,000.00 01/17/2020 1.63% 221,160.16 221,024.70 106.28 0.17% 233,818.64 10.46 2.06% 12,793.94 Aaa / AA+ AAA 4.00 3.88 9128282U3 US Treasury Note 1.875% Due 08/31/2024 230,000.00 12/12/2019 1.76% 231,230.86 231,065.13 106.93 0.17% 245,947.28 1,804.69 2.19% 14,882.15 Aaa / AA+ AAA 4.09 3.92 As of July 31, 2020 29 4.1.a Packet Pg. 177 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Holdings Report 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 912828YV6 US Treasury Note 1.500% Due 11/30/2024 230,000.00 12/12/2019 1.74% 227,421.48 227,751.26 105.68 0.18% 243,063.31 584.43 2.15% 15,312.05 Aaa / AA+ AAA 4.34 4.20 912828ZC7 US Treasury Note 1.125% Due 02/28/2025 400,000.00 03/24/2020 0.51% 412,046.88 411,184.00 104.25 0.19% 417,000.00 1,883.15 3.69% 5,816.00 Aaa / AA+ AAA 4.58 4.46 912828ZT0 US Treasury Note 0.250% Due 05/31/2025 230,000.00 06/04/2020 0.39% 228,373.83 228,424.73 100.22 0.20% 230,512.21 97.40 2.03% 2,087.48 Aaa / AA+ AAA 4.84 4.80 TOTAL US Treasury 3,100,000.00 1.79% 3,094,343.70 3,104,657.54 0.16% 3,233,093.12 12,624.09 28.63% 128,435.58 Aaa / AA+ Aaa 3.06 2.98 TOTAL PORTFOLIO 10,828,580.73 1.92% 10,891,196.80 10,892,464.64 0.27% 11,286,802.88 50,428.22 100.00% 394,338.24 Aa1 / AA Aaa 2.67 2.50 TOTAL MARKET VALUE PLUS ACCRUALS 11,337,231.10 As of July 31, 2020 30 4.1.a Packet Pg. 178 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with SECTION |Section 4 |Transactions 31 4.1.a Packet Pg. 179 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Transaction Ledger 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 ACQUISITIONS Purchase 06/05/2020 3135G03U5 100,000.00 FNMA Note 0.625% Due: 04/22/2025 100.382 0.55%100,382.00 71.18 100,453.18 0.00 Purchase 06/05/2020 912828ZT0 230,000.00 US Treasury Note 0.25% Due: 05/31/2025 99.293 0.39%228,373.83 7.86 228,381.69 0.00 Purchase 06/25/2020 3130AJKW8 225,000.00 FHLB Note 0.5% Due: 06/13/2025 99.922 0.52%224,824.50 156.25 224,980.75 0.00 Purchase 07/22/2020 47787NAC3 25,000.00 John Deere Owner Trust 2020-B A3 0.51% Due: 11/15/2024 99.985 0.52%24,996.19 0.00 24,996.19 0.00 Purchase 07/23/2020 3137EAEU9 145,000.00 FHLMC Note 0.375% Due: 07/21/2025 99.502 0.48%144,277.90 0.00 144,277.90 0.00 Purchase 07/27/2020 89237VAB5 55,000.00 Toyota Auto Receivables Trust 2020-C A3 0.44% Due: 10/15/2024 99.992 0.44%54,995.77 0.00 54,995.77 0.00 Subtotal 780,000.00 777,850.19 235.29 778,085.48 0.00 TOTAL ACQUISITIONS 780,000.00 777,850.19 235.29 778,085.48 0.00 DISPOSITIONS Sale 07/22/2020 912828S76 160,000.00 US Treasury Note 1.125% Due: 07/31/2021 101.012 1.98%161,618.75 855.49 162,474.24 2,964.69 Subtotal 160,000.00 161,618.75 855.49 162,474.24 2,964.69 Maturity 05/01/2020 3137EADR7 225,000.00 FHLMC Note 1.375% Due: 05/01/2020 100.000 225,000.00 0.00 225,000.00 0.00 Maturity 06/12/2020 313383HU8 130,000.00 FHLB Note 1.75% Due: 06/12/2020 100.000 130,000.00 0.00 130,000.00 0.00 April 30, 2020 through July 31, 2020 As of July 31, 2020 32 4.1.a Packet Pg. 180 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Transaction Ledger 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 Maturity 07/29/2020 3130A5Z77 125,000.00 FHLB Note 1.83% Due: 07/29/2020 100.000 125,000.00 0.00 125,000.00 0.00 Subtotal 480,000.00 480,000.00 0.00 480,000.00 0.00 TOTAL DISPOSITIONS 640,000.00 641,618.75 855.49 642,474.24 2,964.69 April 30, 2020 through July 31, 2020 As of July 31, 2020 33 4.1.a Packet Pg. 181 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Important Disclosures 2020 Chandler Asset Management,Inc, An Independent Registered Investment Adviser. Information contained herein is confidential.Prices are provided by IDC,an independent pricing source.In the event IDC does not provide a price or if the price provided is not reflective of fair market value,Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures.Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A. Performance results are presented gross-of-advisory fees and represent the client’s Total Return.The deduction of advisory fees lowers performance results.These results include the reinvestment of dividends and other earnings.Past performance may not be indicative of future results.Therefore,clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels.All investment strategies have the potential for profit or loss.Economic factors,market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio. Index returns assume reinvestment of all distributions.Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee,the incurrence of which would have the effect of decreasing historical performance results.It is not possible to invest directly in an index. Source ice Data Indices,LLC ("ICE"),used with permission. ICE permits use of the ICE indices and related data on an "as is"basis; ICE,its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied,including any warranties of merchantability or fitness for a particular purpose or use,including the indices,index data and any data included in,related to,or derived therefrom.Neither ICE data,its affiliates or their respective third party providers guarantee the quality,adequacy,accuracy,timeliness or completeness of the indices or the index data or any component thereof,and the indices and index data and all components thereof are provided on an "as is"basis and licensee's use it at licensee's own risk. ICE data,its affiliates and their respective third party do not sponsor,endorse,or recommend chandler asset management,or any of its products or services. This report is provided for informational purposes only and should not be construed as a specific investment or legal advice.The information contained herein was obtained from sources believed to be reliable as of the date of publication,but may become outdated or superseded at any time without notice.Any opinions or views expressed are based on current market conditions and are subject to change.This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results.Past performance is not indicative of future results.This report is not intended to constitute an offer,solicitation,recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment. Fixed income investments are subject to interest, credit and market risk.Interest rate risk:the value of fixed income investments will decline as interest rates rise.Credit risk:the possibility that the borrower may not be able to repay interest and principal.Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk.Market risk:the bond market in general could decline due to economic conditions,especially during periods of rising interest rates. Ratings information have been provided by Moody’s,S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy. Security level ratings for U.S.Agency issued mortgage-backed securities (“MBS”)reflect the issuer rating because the securities themselves are not rated.The issuing U.S.Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P,Moody’s and Fitch respectively. As of July 31, 2020 34 4.1.a Packet Pg. 182 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Benchmark Disclosures City of San Jacinto 1-5 Yr Corp/Gov AAA-A Blend* City of San Jacinto 1-5 Year Govt Blended Index* The ICE BAML 1-5 Year US Treasury &Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market.Qualifying securities must have an investment grade rating (based on an average of Moody’s,S&P and Fitch).Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity,at least 18 months to maturity at time of issuance,a fixed coupon schedule and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.(Index:GVA0.Please visit www.mlindex.ml.com for more information) The ICE BAML 1-3 Year US Treasury Index tracks the performance of US dollar denominated sovereign debt publicly issued by the US government in its domestic market.Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity,a fixed coupon schedule and a minimum amount outstanding of $1 billion.Qualifying securities must haveat least 18 months to final maturity at the time of issuance.(Index:G1O2.Please visit www.mlindex.ml.com for more information) As of July 31, 2020 35 4.1.a Packet Pg. 183 Attachment: Chandler Presentation - 09-01-20 for PE 07-31-20 (Investment Portfolio Review with Presented By: Mark Creger, Director, Senior Portfolio Manager City of San Jacinto Annual Portfolio Review For the Period Ended July 31, 2020 4.1.b Packet Pg. 184 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) Public Trust Advisors 2020 © Economic Update 2 4.1.b Packet Pg. 185 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©3 Economic Update: COVID-19 Continues to Dominate Outlook Source: CNN, Johns Hopkins University 4.1.b Packet Pg. 186 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©4 Economic Update: National COVID-19 Trends Improving Source: The COVID Tracking Project https://covidtracking.com/ 4.1.b Packet Pg. 187 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©5 Economic Update: California COVID-10 Trends Improving Source: The COVID Tracking Project https://covidtracking.com/ 4.1.b Packet Pg. 188 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©6 Economic Update: COVID-19 Continues to Dominate Outlook Source: New York Times, Updated 8/24/20 4.1.b Packet Pg. 189 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©7 Economic Update: U.S. Economy Enters Recession Source: Bureau of Economic Analysis, Bloomberg ➢The U.S.economy had begun to slow before the escalation of the COVID-19 pandemic,officially entering recession in February 2020.Following a 5%annualized contraction in the first quarter of 2020,U.S.real GDP growth plummeted 32.9%in the second quarter as widescale shutdowns and other efforts to mitigate the spread of the virus weighed heavily on spending. 4.1.b Packet Pg. 190 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©8 Economic Update: ISM Manufacturing and Service Activity Source: Institute for Supply Management, Bloomberg ➢Activity in the manufacturing and service sectors continues to improve but headwinds remain. Notably,activity in the manufacturing sector is likely to remain comparatively subdued in the wake of depressed global growth and elevated unemployment while service sector activity will remain constrained by ongoing social distancing efforts. 4.1.b Packet Pg. 191 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©9 Economic Update: Consumer and Small Business Confidence Source: Conference Board, National Federation of Independent Businesses, Bloomberg ➢Measures of consumer confidence and small business optimism have rebounded from recent lows but remain depressed given persistent uncertainties surrounding the COVID-19 pandemic.A resurgence in virus cases in June and July prompted a reversal of reopening efforts in many states that again weighed on sentiment.A return of confidence is critical to supporting sustained consumer spending and business hiring. 4.1.b Packet Pg. 192 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©10 Economic Update: Retail Sales Regain All-Time High Source: U.S. Census Bureau, Bloomberg ➢Amidst the pandemic,retail sales reclaim hit an all-time high and closed July 1.2%above their pre- pandemic peak and suggest the V-shaped recovery in consumer goods spending is complete. Importantly,in terms the overall economy spending on services is roughly twice as large as for goods and spending on services remains comparatively constrained by ongoing social distancing protocols.The recent expiration of enhanced unemployment benefits raise additional concerns. 4.1.b Packet Pg. 193 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©11 Economic Update: Labor Markets Bear Brunt of COVID -19 Source: Bureau of Labor Statistics, Bloomberg ➢U.S.labor markets lost a shocking -20.8 million jobs in April following losses of -1.4 million in March.While labor markets stabilized in May,June,and July adding back 2.7 million,4.8 million, and 1.8 million jobs,respectively,much more healing is required to recoup the over 22 million jobs that have been lost since the start of the pandemic. Worst Month: -800K Jobs July 2020: -20.78 Million Jobs 4.1.b Packet Pg. 194 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©12 Economic Update: Total Payrolls Remain Depressed Source: Bureau of Labor Statistics, Bloomberg ➢The total number of employees on nonfarm payrolls remain over 12.8 million below pre-pandemic highs.During the Great Financial crisis,it took 6 years for payrolls to regain pre-recessionary levels. A key determinant of the shape,pace,and durability of the economic recovery will be the extent to which job losses realized to date prove to be temporary or more permanent in nature. Six Years 4.1.b Packet Pg. 195 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©13 Economic Update: Unemployment Remains near Record Level Source: Bureau of Labor Statistics, Bloomberg ➢The U.S.unemployment and underemployment rates have declined from record high levels but remain extremely elevated by historical standards.The recent expiration of the additional $600 per week in enhanced unemployment benefits and disagreement within Congress regarding a second stimulus bill raise concerns that the economic recovery may falter as spending is strained. 4.1.b Packet Pg. 196 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©14 Economic Update: Initial & Continuing Jobless Claims Source: Department of Labor, Bloomberg ➢Higher frequency labor market data such as weekly initial and continuing jobless claims have stabilized meaningfully but at 1.1 million and 14.8 million,respectively,both measures remain painfully above pre-pandemic levels and provide a stark reminder that the economic recovery remains in its very early stages. 4.1.b Packet Pg. 197 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©15 Economic Update: Measures of Inflation Remain Muted Source: Bureau of Labor Statistics, Bureau of Economic Analysis, Bloomberg ➢Following three consecutive monthly declines,a first ever occurrence for the data series,core CPI rebounded in June and July bringing the year-over-year gains in core inflation to 1.57%--still well below the Federate Reserves’stated 2%target.The Fed’s preferred measure of inflation,Core PCE, remains more contained rising just 0.95%on YoY basis through June.At present,the Fed remains more concerned with COVID-19’s disinflationary impulse and is willing to tolerate greater inflation. 4.1.b Packet Pg. 198 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©16 Economic Update: Measures of Inflation Remain Muted Source: Bloomberg ➢Following three consecutive monthly declines,a first ever occurrence for the data series,core CPI rebounded in June and July bringing the year-over-year gains in core inflation to 1.57%--still well below the Federate Reserves’stated 2%target.The Fed’s preferred measure of inflation,Core PCE, remains more contained rising just 0.95%on YoY basis through June.At present,the Fed remains more concerned with COVID-19’s disinflationary impulse and is willing to tolerate greater inflation. 4.1.b Packet Pg. 199 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©17 Economic Update: Fed Responds with Aggressive Easing Source: Federal Reserve, Bloomberg ➢The Federal Reserve has again reduced interest the federal funds rate to a range of between 0%- 0.25%to in an effort to support financial market conditions and economic activity that was already slowing prior to the COVID-19 pandemic. ➢The Federal Reserve’s balance sheet is again expanding as the Fed has committed to additional and expanded large-scale asset purchases (QE)to further support financial markets and the economy. 4.1.b Packet Pg. 200 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©18 Economic Update: Fed Programs to Support Source: Federal Reserve 4.1.b Packet Pg. 201 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©19 Economic Update: Over $2.4 Trillion in Fiscal Response Source: Peter G. Peterson Foundation 4.1.b Packet Pg. 202 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©20 Economic Update: Yields Plummet on Pandemic Concerns Source: Bloomberg ➢Treasury yields plummeted as investors sought the relative safety and stability of U.S.sovereign debt in response to the COVID-19 pandemic and related global economic recession.Short-term yields were driven lower by the Federal Reserve’s effectively zero short-term interest rate policy while longer-term yields collapsed on global growth concerns and related disinflationary risks. 4.1.b Packet Pg. 203 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©21 Economic Update: Credit Spreads Normalize Post Fed Actions Source: Bloomberg ➢After exploding in the wake of the COVID-19 pandemic,investment grade credit spreads narrowed dramatically in response to the Federal Reserve’s aggressive policy actions and newly established primary and secondary corporate credit facilities that helped to quell investor anxieties and support liquidity. 5-Year Pre-Pandemic Average: 0.81% 4.1.b Packet Pg. 204 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©22 Economic Update: Equity Markets Plummet, then Rebound Source: Bloomberg ➢After falling over 31%in the wake of the coronavirus outbreak,equity markets rallied strongly with the S&P 500 reclaiming new all-time-highs as the Federal Reserve’s aggressive policy actions bolstered investor confidence.As economic growth has slowed in measures of long-term equity market valuations –such as the ratio of market cap to GDP -have reached some of their highest levels in history raising concerns over future returns. 4.1.b Packet Pg. 205 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©23 Economic Update: Financial Conditions Have Stabilized Source: Bloomberg ➢The Bloomberg U.S.Financial Conditions Index tracks the overall level of financial stress in the U.S. money,bond,and equity markets to help assess the availability and cost of credit –key variables to supporting economic growth.A positive value indicates accommodative financial conditions,while a negative value indicates tighter conditions relative to pre-crisis norms.Aggressive action by the Fed has helped stabilize financial conditions which are now 0.2 standard deviations above pre-crisis levels. 4.1.b Packet Pg. 206 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) Public Trust Advisors 2020 © Portfolio Details: Summary Characteristics 24 4.1.b Packet Pg. 207 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©25 Portfolio Details: July 31, 2020 4.1.b Packet Pg. 208 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©26 Portfolio Details: July 31, 2020 4.1.b Packet Pg. 209 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) Public Trust Advisors 2020 © Portfolio Details: Holdings as of July 31, 2020 27 4.1.b Packet Pg. 210 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) AgencyCashGovernmentIssuer,Identifier,Security TypeCoupon Rate,Coupon Type,Coupon ResetFrequencyFinal Maturity,EffectiveMaturity,Callable,Next Call DateCurrent Units,Original Cost,Market PriceTrade Date,Settle DateMoody'sRating,S&PRating,FitchRatingBook ValueNet Unrealized Gain/Loss,Accrued InterestMarket Value,% of Market ValueBook Yield,YieldDuration,Convexity,Years to FinalMaturity,Years to EffectiveMaturityFederal National Mortgage Association3135G0U92AGCY BOND2.625Fixed---01/11/202201/11/2022N---130,000.00129,906.40103.588401/09/201901/11/2019AaaAA+---129,954.074,710.79189.58134,664.861.191%2.6500.1371.4250.0281.4491.449Federal Farm Credit Banks Funding Corporation3133ELWD2AGCY BOND0.375Fixed---04/08/202204/08/2022N---335,000.00334,504.20100.359604/03/202004/08/2020AaaAA+---334,581.831,622.84394.32336,204.672.974%0.4490.1611.6790.0371.6871.687Federal Home Loan Banks3130AJ7E3AGCY BOND1.375Fixed---02/17/202302/17/2023N---300,000.00299,448.00102.980402/20/202002/21/2020AaaAA+---299,528.599,412.641,833.33308,941.232.733%1.4380.2002.4930.0752.5502.550Freddie Mac3137EAEQ8AGCY BOND0.375Fixed---04/20/202304/20/2023N---335,000.00334,162.50100.417004/17/202004/20/2020AaaAA+---334,240.612,156.24352.45336,396.852.976%0.4590.2212.7020.0872.7202.720Freddie Mac3137EAER6AGCY BOND0.375Fixed---05/05/202305/05/2023N---335,000.00334,859.30100.410805/05/202005/07/2020AaaAA+---334,870.371,505.84293.13336,376.212.976%0.3890.2262.7440.0892.7612.761Federal Farm Credit Banks Funding Corporation3133ELG81AGCY BOND0.300Fixed---06/08/202306/08/2023N---335,000.00333,907.90100.125506/05/202006/09/2020AaaAA+---333,960.391,459.91147.96335,420.302.967%0.4100.2562.8380.0952.8542.854Freddie Mac3137EAEP0AGCY BOND1.500Fixed---02/12/202502/12/2025N---300,000.00299,769.00105.048102/13/202002/14/2020AaaAA+---299,789.6715,354.492,087.50315,144.162.788%1.5160.3754.3640.2174.5374.537Federal Home Loan Banks3130AJHU6AGCY BOND0.500Fixed---04/14/202504/14/2025N---225,000.00223,884.00100.463804/15/202004/16/2020AaaAA+---223,948.432,095.06328.13226,043.492.000%0.6010.4004.6380.2404.7044.704------AGCY BOND0.792Fixed---07/09/202307/09/2023N---2,295,000.002,290,441.30101.5241------AaaAA+---2,290,873.9638,317.815,626.402,329,191.7720.605%0.8460.2492.8920.1092.9392.939Issuer,Identifier,Security TypeCoupon Rate,Coupon Type,Coupon ResetFrequencyFinal Maturity,EffectiveMaturity,Callable,Next Call DateCurrent Units,Original Cost,Market PriceTrade Date,Settle DateMoody'sRating,S&PRating,FitchRatingBook ValueNet Unrealized Gain/Loss,Accrued InterestMarket Value,% of Market ValueBook Yield,YieldDuration,Convexity,Years to FinalMaturity,Years to EffectiveMaturityFirst American Funds, Inc. - Government ObligationsFund31846V203MMFUND0.010Fixed---07/31/202007/31/2020N---74,620.1574,620.151.0000------AaaAAAm---74,620.150.000.2874,620.150.660%0.0100.0100.0000.0000.0000.000First American Funds, Inc. - GovernmentObligations Fund31846V203MMFUND0.010Fixed---07/31/202007/31/2020N---74,620.1574,620.151.0000------AaaAAAm---74,620.150.000.2874,620.150.660%0.0100.0100.0000.0000.0000.000Portfolio Holdings ReportSan Jacinto, City of (66779)Base Currency: USD As of 07/31/2020Dated: 08/25/202014.1.bPacket Pg. 211Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) Issuer,Identifier,Security TypeCoupon Rate,Coupon Type,Coupon ResetFrequencyFinal Maturity,EffectiveMaturity,Callable,Next Call DateCurrent Units,Original Cost,Market PriceTrade Date,Settle DateMoody'sRating,S&PRating,FitchRatingBook ValueNet Unrealized Gain/Loss,Accrued InterestMarket Value,% of Market ValueBook Yield,YieldDuration,Convexity,Years to FinalMaturity,Years to EffectiveMaturityUnited States Department of The Treasury9128284P2US GOV2.625Fixed---05/15/202105/15/2021N---205,000.00204,207.23101.960907/26/201807/30/2018AaaAA+---204,771.704,248.151,140.59209,019.851.849%2.7690.1430.7840.0100.7890.789United States Department of The Treasury912828Y20US GOV2.625Fixed---07/15/202107/15/2021N---440,000.00436,803.13102.371109/24/201809/26/2018AaaAA+---438,886.4211,546.42533.56450,432.843.985%2.8960.1430.9490.0140.9560.956United States Department of The Treasury912828WY2US GOV2.250Fixed---07/31/202107/31/2021N---220,000.00218,470.32102.097701/10/201901/15/2019AaaAA+---219,389.025,225.9213.45224,614.941.987%2.5340.1500.9940.0151.0001.000United States Department of The Treasury912828D72US GOV2.000Fixed---08/31/202108/31/2021N---250,000.00246,748.05102.023402/13/201902/15/2019AaaAA+---248,588.696,469.812,092.39255,058.502.256%2.5330.1321.0690.0171.0851.085United States Department of The Treasury912828F21US GOV2.125Fixed---09/30/202109/30/2021N---435,000.00428,491.99102.300812/17/201812/20/2018AaaAA+---432,218.8912,789.593,106.51445,008.483.937%2.6870.1501.1500.0191.1671.167United States Department of The Treasury9128285R7US GOV2.625Fixed---12/15/202112/15/2021N---250,000.00250,664.06103.406201/10/201901/15/2019AaaAA+---250,319.808,195.70842.73258,515.502.287%2.5290.1431.3540.0251.3751.375United States Department of The Treasury912828V72US GOV1.875Fixed---01/31/202201/31/2022N---315,000.00313,621.88102.605505/29/201905/31/2019AaaAA+---314,219.468,987.8616.05323,207.332.859%2.0440.1361.4850.0301.5041.504United States Department of The Treasury912828SF8US GOV2.000Fixed---02/15/202202/15/2022N---315,000.00314,778.52102.863305/29/201905/31/2019AaaAA+---314,875.029,144.382,907.69324,019.402.866%2.0260.1401.5110.0311.5451.545United States Department of The Treasury912828W55US GOV1.875Fixed---02/28/202202/28/2022N---100,000.0098,101.56102.757802/13/201902/15/2019AaaAA+---98,993.453,764.35784.65102,757.800.909%2.5280.1321.5560.0321.5801.580United States Department of The Treasury912828J76US GOV1.750Fixed---03/31/202203/31/2022N---180,000.00179,374.22102.691407/09/201907/11/2019AaaAA+---179,614.835,229.691,058.61184,844.521.635%1.8810.1331.6400.0351.6651.665United States Department of The Treasury912828XG0US GOV2.125Fixed---06/30/202206/30/2022N---150,000.00148,089.85103.820302/13/201902/15/2019AaaAA+---148,898.186,832.27277.17155,730.451.378%2.5210.1281.8840.0451.9141.914United States Department of The Treasury9128287C8US GOV1.750Fixed---07/15/202207/15/2022N---370,000.00370,925.00103.171910/29/201910/30/2019AaaAA+---370,673.5111,062.52299.12381,736.033.377%1.6550.1261.9300.0471.9561.956United States Department of The Treasury912828L24US GOV1.875Fixed---08/31/202208/31/2022N---100,000.00100,953.13103.644508/08/201908/09/2019AaaAA+---100,653.482,991.02784.65103,644.500.917%1.5550.1242.0380.0522.0852.085United States Department of The Treasury912828L24US GOV1.875Fixed---08/31/202208/31/2022N---125,000.00125,668.95103.644509/17/201909/18/2019AaaAA+---125,475.614,080.02980.81129,555.631.146%1.6880.1242.0380.0522.0852.085United States Department of The Treasury912828L57US GOV1.750Fixed---09/30/202209/30/2022N---375,000.00374,765.63103.515606/26/201906/27/2019AaaAA+---374,845.3613,338.142,205.43388,183.503.434%1.7700.1252.1230.0562.1672.167United States Department of The Treasury912828N30US GOV2.125Fixed---12/31/202212/31/2022N---80,000.0081,368.75104.828109/10/201909/12/2019AaaAA+---81,008.672,853.81147.8383,862.480.742%1.5900.1232.3640.0682.4192.419Portfolio Holdings ReportSan Jacinto, City of (66779)Base Currency: USD As of 07/31/2020Dated: 08/25/202024.1.bPacket Pg. 212Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) IndustrialIssuer,Identifier,Security TypeCoupon Rate,Coupon Type,Coupon ResetFrequencyFinal Maturity,EffectiveMaturity,Callable,Next Call DateCurrent Units,Original Cost,Market PriceTrade Date,Settle DateMoody'sRating,S&PRating,FitchRatingBook ValueNet Unrealized Gain/Loss,Accrued InterestMarket Value,% of Market ValueBook Yield,YieldDuration,Convexity,Years to FinalMaturity,Years to EffectiveMaturityUnited States Department of The Treasury912828T26US GOV1.375Fixed---09/30/202309/30/2023N---255,000.00263,835.35103.937506/05/202006/09/2020AaaAA+---263,450.671,589.961,178.33265,040.632.345%0.3210.1293.0960.1133.1673.167United States Department of The Treasury912828T91US GOV1.625Fixed---10/31/202310/31/2023N---255,000.00266,146.29104.839806/05/202006/09/2020AaaAA+---265,675.351,666.141,047.20267,341.492.365%0.3280.1323.1670.1183.2523.252United States Department of The Treasury912828V80US GOV2.250Fixed---01/31/202401/31/2024N---335,000.00341,948.63107.335912/12/201912/17/2019AaaAA+---340,929.0518,646.2120.48359,575.273.181%1.7260.1483.3880.1343.5043.504United States Department of The Treasury912828W71US GOV2.125Fixed---03/31/202403/31/2024N---335,000.00340,404.49107.203112/12/201912/17/2019AaaAA+---339,646.3819,484.012,392.37359,130.393.177%1.7330.1543.5260.1453.6683.668United States Department of The Treasury9128286Z8US GOV1.750Fixed---06/30/202406/30/2024N---350,000.00351,121.09106.171912/06/201912/10/2019AaaAA+---350,968.8320,632.82532.61371,601.653.287%1.6770.1683.7980.1663.9173.917United States Department of The Treasury912828Y87US GOV1.750Fixed---07/31/202407/31/2024N---350,000.00351,162.11106.281212/06/201912/10/2019AaaAA+---351,008.4220,975.7816.64371,984.203.291%1.6750.1743.8820.1734.0004.000United States Department of The Treasury912828YE4US GOV1.250Fixed---08/31/202408/31/2024N---300,000.00294,257.81104.375012/06/201912/10/2019AaaAA+---295,012.9818,112.021,569.29313,125.002.770%1.6730.1753.9740.1814.0854.085United States Department of The Treasury912828YE4US GOV1.250Fixed---08/31/202408/31/2024N---370,000.00376,012.50104.375003/02/202003/04/2020AaaAA+---375,476.1910,711.311,935.46386,187.503.416%0.8800.1753.9740.1814.0854.085United States Department of The Treasury912828YY0US GOV1.750Fixed---12/31/202412/31/2024N---160,000.00166,500.00106.855503/02/202003/04/2020AaaAA+---165,957.255,011.55243.48170,968.801.512%0.8880.1904.2650.2074.4194.419United States Department of The Treasury912828ZC7US GOV1.125Fixed---02/28/202502/28/2025N---220,000.00226,943.75104.250006/05/202006/09/2020AaaAA+---226,734.462,615.541,035.73229,350.002.029%0.4490.1934.4590.2254.5804.580United States Department of The Treasury---US GOV1.903Fixed---02/04/202302/04/2023N---6,840,000.006,871,364.28104.0388------AaaAA+---6,878,291.66236,204.9827,162.827,114,496.6462.936%1.8080.1482.4520.0882.5152.515Issuer,Identifier,Security TypeCoupon Rate,Coupon Type,Coupon ResetFrequencyFinal Maturity,EffectiveMaturity,Callable,Next Call DateCurrent Units,Original Cost,Market PriceTrade Date,Settle DateMoody'sRating,S&PRating,FitchRatingBook ValueNet Unrealized Gain/Loss,Accrued InterestMarket Value,% of Market ValueBook Yield,YieldDuration,Convexity,Years to FinalMaturity,Years to EffectiveMaturityExxon Mobil Corporation30231GBB7CORP1.902Fixed---08/16/202208/16/2022N---75,000.0075,000.00103.275508/13/201908/16/2019Aa1AA---75,000.002,456.61653.8177,456.610.685%1.9020.2921.9930.0502.0442.044Apple Inc.037833DE7CORP2.400Fixed---01/13/202312/13/2022Y12/13/2022300,000.00304,260.00104.858312/10/201912/12/2019Aa1AA+---303,377.6011,197.25360.00314,574.852.783%1.9110.3371.318-3.9072.4542.370Portfolio Holdings ReportSan Jacinto, City of (66779)Base Currency: USD As of 07/31/2020Dated: 08/25/202034.1.bPacket Pg. 213Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) Mortgage BackedSummary * Grouped by: Market Sector. * Groups Sorted by: Market Sector. * Filtered By: Description ¹ "Receivable" and Description ¹ "Payable". * Weighted by: Market Value + Accrued, except Book Yield by Base Book Value + Accrued. * Holdings Displayed by: Lot. * Accrued Interest = [Accrued Balance]+[MMF Dividend Receivable], Summary Calculation: Sum. Issuer,Identifier,Security TypeCoupon Rate,Coupon Type,Coupon ResetFrequencyFinal Maturity,EffectiveMaturity,Callable,Next Call DateCurrent Units,Original Cost,Market PriceTrade Date,Settle DateMoody'sRating,S&PRating,FitchRatingBook ValueNet Unrealized Gain/Loss,Accrued InterestMarket Value,% of Market ValueBook Yield,YieldDuration,Convexity,Years to FinalMaturity,Years to EffectiveMaturityMicrosoft Corporation594918AT1CORP2.375Fixed---05/01/202302/01/2023Y02/01/2023235,000.00246,484.45105.495404/28/202004/30/2020AaaAAA---245,436.892,477.341,395.31247,914.232.193%0.5830.1711.393-4.0882.7502.507Walmart Inc.931142EK5CORP3.400Fixed---06/26/202305/26/2023Y05/26/2023225,000.00243,666.00108.597604/29/202005/01/2020Aa2AA---242,153.532,191.13743.75244,344.672.162%0.6650.3341.562-4.4772.9032.819------CORP2.625Fixed---03/16/202301/31/2023------835,000.00869,410.45105.9307------Aa1AA+---865,968.0318,322.333,152.88884,290.367.823%1.1850.2861.466-3.7672.6252.503Issuer,Identifier,Security TypeCoupon Rate,Coupon Type,Coupon ResetFrequencyFinal Maturity,EffectiveMaturity,Callable,Next Call DateCurrent Units,Original Cost,Market PriceTrade Date,Settle DateMoody'sRating,S&PRating,FitchRatingBook ValueNet Unrealized Gain/Loss,Accrued InterestMarket Value,% of Market ValueBook Yield,YieldDuration,Convexity,Years to FinalMaturity,Years to EffectiveMaturityFreddie Mac3137AXHP1FHLMC CMO2.573Fixed---09/25/202208/19/2022Y---320,000.00319,687.50103.847505/02/201905/07/2019AaaAA+---319,601.6312,710.40686.13332,312.032.940%2.5630.6031.9990.0512.1532.052Freddie Mac3137B4WB8FHLMC3.060Variable---07/25/202306/09/2023Y---250,000.00258,544.92106.846112/12/201912/17/2019AaaAA+---256,971.1610,144.19637.50267,115.352.363%1.9900.5722.7390.0912.9832.857Freddie MacUS3137BWWD24FHLMC3.002Variable---01/25/202412/27/2023Y---280,000.00289,012.50107.944212/12/201912/17/2019AaaAAA---287,583.9214,659.79700.47302,243.702.674%2.1250.5873.2420.1253.4873.408Freddie Mac------2.861------06/05/202304/29/2023Y---850,000.00867,244.92106.1093------AaaAA+---864,156.7137,514.382,024.10901,671.097.976%2.2470.5882.6350.0872.8462.745Issuer,Identifier,Security TypeCoupon Rate,Coupon Type,Coupon ResetFrequencyFinal Maturity,EffectiveMaturity,Callable,Next Call DateCurrent Units,Original Cost,Market PriceTrade Date,Settle DateMoody'sRating,S&PRating,FitchRatingBook ValueNet Unrealized Gain/Loss,Accrued InterestMarket Value,% of Market ValueBook Yield,YieldDuration,Convexity,Years to FinalMaturity,Years to EffectiveMaturity---------1.795------03/15/202303/08/2023------10,894,620.1510,973,081.10103.1563------AaaAA+---10,973,910.51330,359.5037,966.4711,304,270.01100.000%1.5800.2142.464-0.2102.6212.603Portfolio Holdings ReportSan Jacinto, City of (66779)Base Currency: USD As of 07/31/2020Dated: 08/25/202044.1.bPacket Pg. 214Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) Public Trust Advisors 2020 © Portfolio Compliance 28 4.1.b Packet Pg. 215 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©29 PORTFOLIO COMPLIANCE Portfolio Compliance: July 31, 2020 4.1.b Packet Pg. 216 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) Public Trust Advisors 2020 © Portfolio Performance 30 4.1.b Packet Pg. 217 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©31Source: ICE BofA Fixed Income Indices, PTA Portfolio Performance: Historical Performance City of San Jacinto Historical Total Return: Account Inception - October 31, 2019 Trailing Month Periodic Trailing 3-Months Periodic Trailing 6-Months Periodic Trailing 12-Months Periodic Year to Date Periodic Total Return Performance City of San Jacinto Portfolio 0.34%1.04%2.19%4.49%3.50% ICE BofAML 1-3 Year Treasury Index 0.33%1.03%2.15%4.54%3.37% Trailing 3 Years Annualized Trailing 5 Years Annualized Since Inception * Annualized Total Return Performance City of San Jacinto Portfolio 1.78%1.14%1.21% ICE BofAML 1-3 Year Treasury Index 1.66%1.33%1.12% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% Trailing Month Periodic Trailing 3-Months Periodic Trailing 6-Months Periodic Trailing 12-Months Periodic Year to Date Periodic Trailing 3 Years Annualized Trailing 5 Years Annualized Since Inception * Annualized Portfolio and Benchmark Total Return City of San Jacinto Portfolio ICE BofAML 1-3 Year Treasury Index Notes: Account Inception Date: 12/1/2012. Annualized total return performance presented for investment periods longer than one year. Index Return information obtained from Bloomberg. 4.1.b Packet Pg. 218 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©32 sPortfolio Performance: Current Benchmark Performance City of San Jacinto Total Return: February 2020 - July 31, 2020 Trailing Month Periodic Trailing 3-Months Periodic Trailing 6-Months Periodic Trailing 12-Months Periodic Year to Date PeriodicTotal Return Performance City of San Jacinto Portfolio 0.17%0.54%3.42%NA NA ICE BofAML 1-5 Year Tsy/Agy Index 0.16%0.37%3.33%NA NA Trailing 3 Years Annualized Trailing 5 Years Annualized Since Inception * Annualized Total Return Performance City of San Jacinto Portfolio NA NA NA ICE BofAML 1-5 Year Tsy/Agy Index NA NA NA 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% Trailing Month Periodic Trailing 3-Months Periodic Trailing 6-Months Periodic Trailing 12-Months Periodic Year to Date Periodic Trailing 3 Years Annualized Trailing 5 Years Annualized Since Inception * Annualized Portfolio and Benchmark Total Return City of San Jacinto Portfolio ICE BofAML 1-5 Year Tsy/Agy Index Source: ICE BofA Fixed Income Indices, PTA Notes: Strategy Inception Date: 2/1/2020 Annualized total return performance presented for investment periods longer than one year. Index Return information obtained from Bloomberg. 4.1.b Packet Pg. 219 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2020 ©33 esPortfolio Performance: Total Account Performance City of San Jacinto Total Return: February 2020 - July 31, 2020 Trailing Month Periodic Trailing 3-Months Periodic Trailing 6-Months Periodic Trailing 12-Months Periodic Year to Date Periodic Total Return Performance City of San Jacinto Portfolio 0.17%0.54%3.42%5.61%4.33% Trailing 3 Years Annualized Trailing 5 Years Annualized Since Inception * Annualized Total Return Performance City of San Jacinto Portfolio 3.16%2.17%1.68% Source: ICE BofA Fixed Income Indices, PTA 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% Trailing Month Periodic Trailing 3-Months Periodic Trailing 6-Months Periodic Trailing 12-Months Periodic Year to Date Periodic Trailing 3 Years Annualized Trailing 5 Years Annualized Since Inception * Annualized Portfolio Total Return City of San Jacinto Portfolio Notes: Account Inception Date: 12/1/2012. Annualized total return performance presented for investment periods longer than one year. Index Return information obtained from Bloomberg. 4.1.b Packet Pg. 220 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2019 © Data unaudited. This presentation is for informational purposes only and for the sole purpose of the City of Colorado Springs. All information is assumed to be correct but the accuracy has not been confirmed and therefore is not guaranteed to be correct. Information is obtained from third party sources that may or may not be verified. The information presented should not be used in making any investment decisions and is not a recommendation to buy, sell, implement, or change any securities or investment strategy, function, or process. Any financial and/or investment decision should be made only after considerable research, consideration, and involvement with an experienced professional engaged for the specific purpose. All comments and discussion presented are purely based on opinion and assumptions, not fact. These assumptions may or may not be correct based on foreseen and unforeseen events. All calculations and results presented are for discussion purposes only and should not be used for making calculations and/or decisions. Performance comparisons will be affected by changes in interest rates. Many factors affect performance including changes in market conditions and interest rates and in response to other economic, political, or financial developments. Investment involves risk including the possible loss of principal. No assurance can be given that the performance objectives of a given strategy will be achieved. Performance results are shown net of all fees and expenses and reflect the reinvestment of dividends and other earnings. Past performance is not an indicator of future performance or results. Any financial and/or investment decision may incur losses. The investment advisor providing these services is Public Trust Advisors, LLC, an investment adviser registered with the U.S.Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940, as amended. Registration with the SEC does not imply a certain level of skill or training. Public Trust is required to maintain a written disclosure brochure of our background and business experience. If you would like to receive a copy of our current disclosure brochure, privacy policy, or code of ethics, please contact us. Benchmarks are provided for illustrative purposes only. Comparisons to benchmarks have limitations because benchmarks have volatility and other material characteristics that may differ from the portfolio. Performance results for benchmarks do not reflect payment of investment management/incentive fees and other fund expenses. Because of these differences, benchmarks should not be relied upon as an accurate measure of comparison. Public Trust Advisors 717 17th Street, Suite 1850 Denver, Colorado 80202 . 34 Disclosures 4.1.b Packet Pg. 221 Attachment: PTA Annual Portfolio Review_2020 (Investment Portfolio Review with Advisors) September 1, 2020 TO: City Council REQUESTED BY: Tom Prill, Deputy City Manager APPROVED BY: Robert A. Johnson, City Manager SUBJECT: Statement of Investment Policy RECOMMENDATION: Staff recommends Council approve the revised Statement of Investment Policy and adopt Resolution No. 3831. BACKGROUND: Section 53646 of the Government Code of the State of California requires the City to review its Statement of Investment Policy annually and make revisions, if necessary. The City Council last reviewed and approved the policy on August 6, 2019, with no changes at that time. The Statement of Investment Policy is legally required and provides authority to invest in allowable securities, and within specified durations as detailed within the guidelines of the adopted policy. The policy cannot be more liberal than that allowed by California Government Code §53600 et. seq.; however, it can be more restrictive. DISCUSSION: The primary objectives of the Statement of Investment policy are to ensure the following: Legality: Sections 53601 and 53635 of the Government Code outlines what investments are allowable for California agencies. Safety: It is the primary duty and responsibility of the Treasurer to protect, preserve and maintain cash and investments on behalf of the citizens of the City of San Jacinto. Generally, the higher the yield, the greater the risk an investment carries. Maturity: The longer an investment is held, the greater the degree of market risk (the risk that changes in the financial market will reduce the value of a security). Investment in instruments with varying maturities provides a natural hedge against changes in interest rates. Liquidity: To meet disbursement requirements, an adequate portion of the investment portfolio should be liquid and easily converted to cash, such as in an investment pool or money market. 4.2 Packet Pg. 222 Risk: The investment portfolio shall be designed to attain a market-average rate of return throughout budgetary and economic cycles, taking into account risk constraints. Yields should become a consideration only after the basic requirements of legality, safety, maturity, and liquidity have been met. FISCAL IMPACT: There are no recommended changes that would result in a fiscal impact. ATTACHMENTS: 09-01-20 Resolution - Statement of Investment Policy 4.2 Packet Pg. 223 STATE OF CALIFORNIA) RESOLUTION NO. 3831 COUNTY OF RIVERSIDE) ss CITY OF SAN JACINTO) A RESOLUTION OF THE CITY OF SAN JACINTO, CALIFORNIA, REVISING THE STATEMENT OF INVESTMENT POLICY WHEREAS, Section 53646 of the Government Code of the State of California requires that the Treasurer or Chief Fiscal Officer shall annually render to the legislative body of his/her agency for review and/or amendment, a Statement of Investment Policy; and WHEREAS, any changes to the City’s Statement of Investment must be considered in public session of legislative body; and WHEREAS, the City’s Statement of Investment Policy was last reviewed on August 6, 2019, with no changes; and WHEREAS, the City’s Statement of Investment Policy has not been significantly revised. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of San Jacinto hereby rescinds previous investment policy resolutions and approves the Statement of Investment Policy, as attached hereto in Exhibit “A”. APPROVED, PASSED and ADOPTED this 1st day of September 2020, by the following vote: AYES: NAYS: ABSTAIN: ABSENT: 4.2.a Packet Pg. 224 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) CITY OF SAN JACINTO: Andrew Kotyuk, Mayor ATTEST: ____ Sherry Morton, Interim City Clerk City of San Jacinto APPROVED AS TO FORM: Best Best & Krieger LLP ____________________________ Michael Maurer, City Attorney 4.2.a Packet Pg. 225 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss CITY OF SAN JACINTO ) CERTIFICATION I, Sherry Morton, Interim City Clerk of the City of San Jacinto, do hereby certify that the foregoing Resolution No. 3831 as duly passed, and adopted at a regular meeting of the City Council of the City of San Jacinto held on the 1st day of September, 2020, by the following vote: AYES: NAYS: ABSENT: ABSTAIN: WITNESS MY HAND AND OFFICIAL SEAL this 1st day of September, 2020. ____________________________ Sherry Morton, Interim City Clerk City of San Jacinto 4.2.a Packet Pg. 226 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) EXHIBIT “A” 4.2.a Packet Pg. 227 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) CITY OF SAN JACINTO STATEMENT OF INVESTMENT POLICY I. INTRODUCTION The City of San Jacinto’s (City) investment program will conform with federal, state, and other legal requirements, including California Government Code Sections 16429.1-16429.4, 53600- 53609 and 53630-53686. The following investment policy addresses the methods, procedures and practices, which must be exercised to ensure effective and judicious fiscal and investment management of the City’s funds. It is the policy of the City to invest public funds in a manner that will provide a market rate of return, given its requirements for preserving principal and meeting the daily cash flow demands of the City. All investments will comply with this Investment Policy and governing laws. This Investment Policy was endorsed and adopted by the City’s governing body (City Council) and is effective as of September 1, 2020. This Investment Policy replaces any previous Investment Policy of the City. II. PUBLIC TRUST All participants in the investment process shall act as custodians of the public trust. Investment officials shall recognize that the investment portfolio is subject to public review and evaluation. The overall program shall be designed and managed with a degree of professionalism that is worthy of the public trust. In a diversified portfolio, it must be recognized that occasional measurement losses are inevitable, and must be considered within the context of the overall portfolio’s investment return, provided that adequate diversification has been implemented. III. SCOPE This Investment Policy applies to all the City’s financial assets and investment activities with the following exceptions: A. Proceeds of debt issuance shall be invested in accordance with the City’s general investment philosophy as set forth in this policy; however, such proceeds are invested in accordance with permitted investment provisions of their specific bond indentures. Pooling of Funds: Except for cash in certain restricted and special funds, the City will consolidate cash and reserve balances from all funds to maximize investment earnings and to increase efficiencies with regard to investment pricing, safekeeping and administration. Investment income will be allocated to the various funds based on their respective participation and in accordance with generally accepted accounting principles. IV. GENERAL OBJECTIVES 4.2.a Packet Pg. 228 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) The overriding objectives of the investment program are to preserve principal, provide sufficient liquidity, and manage investment risks. 1. Safety: It is the primary duty and responsibility of the City Treasurer to protect, preserve and maintain cash and investments placed in his/her trust on behalf of the citizens of the City. Safety of principal is the foremost objective of the investment program. Investments will be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. The objective will be to mitigate credit risk and interest rate risk. 2. Liquidity: The investment portfolio will remain sufficiently liquid to meet all operating requirements that may be reasonably anticipated. Since all cash requirements cannot be anticipated, investments in securities shall be those with active secondary or resale markets. 3. Return: The investment portfolio will be designed with the objective of attaining a market rate of return throughout budgetary and economic cycles, taking into account the investment risk constraints for safety and liquidity needs. Yields should become a consideration only after the basic requirements of safety and liquidity have been met. V. PRUDENCE, INDEMNIFICATION AND ETHICS A. Prudent Investor Standard: Management of the City’s investments is governed by the Prudent Investor Standard as set forth in the California Government Code 53600.3: “…all governing bodies of local agencies or persons authorized to make investment decisions on behalf of those local agencies investing public funds pursuant to this chapter are trustees and therefore fiduciaries subject to the prudent investor standard. When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, a trustee shall act with care, skill, prudence, and diligence under the circumstances then prevailing, including, but not limited to, the general economic conditions and the anticipated needs of the agency, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the agency. Within the limitations of this section and considering individual investments as part of an overall strategy, investments may be acquired as authorized by law.” In keeping with the objectives (Section IV), in addition to safegua rding the principle and maintaining the liquidity needs of the City, a prudent investor should also optimize return or yield to the greatest extent possible. B. Indemnification: The City Treasurer, Finance Director and other authorized persons responsible for managing City funds, acting in accordance with written procedures and the investment policy and exercising due diligence, will be relieved of personal responsibility for an individual security’s credit risk or market price changes, provided deviations from 4.2.a Packet Pg. 229 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) expectations are reported within 30 days and appropriate action is taken to control adverse developments. C. Ethics: Officers and employees involved in the investment process are prohibited from personal business activity that could conflict with proper execution of the investment program, or which could impair their ability to make impartial investment decisions. VI. DELEGATION OF AUTHORITY A. Authority to manage the City’s investment program is derived from California Government Code Sections 53600 et seq. The City Council is responsible for the City’s cash management, including the administration of this Investment Policy. Management responsibility for the cash management of City funds is hereby delegated to the City Treasurer and the Finance Director. The City Treasurer and Finance Director will be responsible for all transactions undertaken and will establish a system of procedures and controls to regulate the activities of subordinate employees. B. The City may engage the services of one or more external investment managers to assist in the management of the City’s investment portfolio in a manner consistent with the City’s objectives. Such external managers may be granted discretion to purchase and sell investment securities in accordance with this Investment Policy. Such managers must be registered under the Investment Advisers Act of 1940. VII. AUTHORIZED FINANCIAL INSTITUTIONS, DEPOSITORIES, AND BROKER/DEALERS A list will be maintained of financial institutions and depositories authorized to provide investment services. In addition, a list will be maintained of approved security broker/dealers selected by conducting a process of due diligence. These may include "primary" dealers or regional dealers that qualify under Securities and Exchange Commission (SEC) Rule 15C3-1 (uniform net capital rule). A. The City Treasurer and Finance Director will determine which financial institutions are authorized to provide investment services to the City. Institutions eligible to transact investment business with the City include: 1. Primary government dealers as designated by the Federal Reserve Bank; 2. Nationally or state-chartered banks; 3. The Federal Reserve Bank; and, 4. Direct issuers of securities eligible for purchase. 4.2.a Packet Pg. 230 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) B. Selection of financial institutions and broker/dealers authorized to engage in transactions with the City will be at the sole discretion of the City. C. All financial institutions which desire to become qualified bidders for investment transactions (and which are not dealing only with the investment adviser) must supply the Finance Director with a statement certifying that the institution has reviewed the California Government Code Section 53600 et seq. and the City’s Investment Policy. D. Selection of broker/dealers used by an external investment adviser retained by the City will be at the sole discretion of the investment adviser, provided they meet all of the requirements as stated. E. Public deposits will be made only in qualified public depositories as established by State law. Deposits will be insured by the Federal Deposit Insurance Corporation (FDIC), or, to the extent the amount exceeds the insured maximum, will be collateralized in accordance with State law. Financial institutions that do not offer FDIC insurance will not be invested in. A written contract of deposit of public funds must be obtained from the financial institution, indicating the institution’s policy and process of FDIC insurance and collateralization. VIII. DELIVERY, SAFEKEEPING AND CUSTODY, AND COMPETITIVE TRANSACTIONS A. Delivery-versus-payment: Settlement of all investment transactions will be completed using standard delivery-vs.-payment procedures. B. Third-party safekeeping: To protect against potential losses by collapse of individual securities dealers, and to enhance access to securities, interest payments and maturity proceeds, all securities owned by the City will be held in safekeeping by a third party bank custodian, acting as agent for the City under the terms of a custody agreement executed by the bank and the City. C. Competitive transactions: All investment transactions will be conducted on a competitive basis which can be executed through a bidding process involving at least three separate brokers/financial institutions or through the use of a nationally recognized trading platform. IX. AUTHORIZED AND SUITABLE INVESTMENTS All investments will be made in accordance with Sections 53600 et seq. of the Government Code of California and as described within this Investment Policy. Percentage limitations and minimum credit ratings described in this section will be applicable at the time of purchase. Permitted investments under this policy will include: 1. MUNICIPAL SECURITIES include obligations of the City of San Jacinto, the State of California and any local agency within the State of California, provided that: 4.2.a Packet Pg. 231 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy)  The securities are rated in a rating category of “A” or its equivalent or better by at least one nationally recognized statistical rating organization (“NRSRO”).  No more than 5% of the portfolio may be invested in any single issuer.  No more than 30% of the portfolio may be in Municipal Securities.  The maximum maturity does not exceed five (5) years. 2. MUNICIPAL SECURITIES (REGISTERED TREASURY NOTES OR BONDS) of any of the other 49 states in addition to California, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of the other 49 states, in addition to California.  The securities are rated in a rating category of “A” or its equivalent or better by at least one NRSRO.  No more than 5% of the portfolio may be invested in any single issuer.  No more than 30% of the portfolio may be in Municipal Securities.  The maximum maturity does not exceed five (5) years. 1. U.S. Treasury and other government obligations for which the full faith and credit of the United States are pledged for the payment of principal and interest. There are no limits on the dollar amount or percentage that the City may invest in U.S. Treasuries. 2. Federal Agency or United States government-sponsored enterprise obligations, participations, or other instruments, including those issued by or fully guaranteed as to principal and interest by federal agencies or United States government-sponsored enterprises. There are no limits on the dollar amount or percentage that the City may invest in government-sponsored enterprises. 3. Banker’s acceptances, provided that: a. They are issued by institutions with short term debt obligations rated ”A-1” or higher, or the equivalent, by at least two NRSROs; and have long -term debt obligations which are rated in the ”A” category or higher by at least two NRSROs; b. The maturity does not exceed 180 days; and, c. No more than 40% of the total portfolio may be invested in banker’s acceptances and no more than 5% per issuer. 4. Federally insured time deposits (Non-negotiable certificates of deposit) in state or federally chartered banks, savings and loans, or credit unions, provided that: a. The amount per institution is limited to the maximum covered under federal insurance; and, 4.2.a Packet Pg. 232 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) b. No more than 20% of the portfolio will be invested in a combination of federally insured and collateralized time deposits; and, c. The maturity of such deposits does not exceed 5 years. 5. Collateralized time deposits (Non-negotiable certificates of deposit) in state or federally chartered banks, savings and loans, or credit unions in excess of insured amounts which are fully collateralized with securities in accordance with California law, provided that: a. No more than 20% of the portfolio will be invested in a combination of federally insured and collateralized time deposits; b. They are issued by institutions which have long-term debt obligations which are rated in the ”A” category or higher by at least two NRSROs; and/or have short term obligations rated ”A-1” or higher, or the equivalent, by at least two NRSROs; and, c. The maturity of such deposits does not exceed 5 years. 6. Certificate of Deposit Placement Service (CDARS), provided that: a. No more than 30% of the total portfolio may be invested in a combination of certificates of deposit including CDARS; and, b. The maturity of CDARS deposits does not exceed five years. 7. Negotiable certificates of deposit (NCDs), issued by a nationally or state-chartered bank, a savings association or a federal association, a state or federal credit union, or by a federal licensed or state licensed branch of a foreign bank, provided that: a. They are issued by institutions which have long-term obligations which are rated in the ”A” category or higher by at least two NRSROs; and/or have short term debt obligations rated ”A-1” or higher, or the equivalent, by at least two NRSROs; b. The maturity does not exceed five years; and, c. No more than 30% of the total portfolio may be invested in NCDs and no more than 5% per issuer. 8. COLLATERALIZED BANK DEPOSITS. The City’s deposits with financial institutions will be collateralized with pledged securities per California Government Code, Section 53651. There are no limits on the dollar amount or percentage that the Agency may invest in collateralized bank deposits. 4.2.a Packet Pg. 233 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) 9. Repurchase agreements collateralized with securities authorized under Sections VI and VIII(2 and 3) of this policy maintained at a level of at least 102% of t he market value of the repurchase agreements, provided that: a. The maximum maturity of repurchase agreements will be 1 year; b. There is no limit to the amount to be invested in repurchase agreements; c. Securities used as collateral for repurchase agreements will be delivered to the City’s custodian bank (See Section VII B); and, d. The repurchase agreements are the subject of a master repurchase agreement between the City and the provider of the repurchase agreement. The master repurchase agreement will be substantially in the form developed by the Securities Industry and Financial Markets Association (SIFMA). 10. Commercial paper, provided that: a. The maturity does not exceed 270 days from the date of purchase; b. The issuer is a corporation organized and operating in the United States with assets in excess of $500 million; c. They are issued by institutions whose short term obligations are rated ”A-1” or higher, or the equivalent, by at least two NRSROs; and whose long-term obligations are rated ”A” category or higher by at least two NRSROs; and, d. No more than 25% of the portfolio is invested in commercial paper and no more than 5% per issuer. 11. State of California Local Agency Investment Fund (LAIF), provided that: a. No more than 70% of the total portfolio may be invested in LAIF, up to the maximum permitted balance; and, b. LAIF’s investments in instruments prohibited by or not specified in the City’s policy do not exclude it from the City’s list of allowable investments, provided that the fund’s reports allow the City Treasurer and Finance Director to adequately judge the risk inherent in LAIF’s portfolio. 12. Local government investment pools and Joint Powers Authority Pools a. Riverside County Investment Fund, no more than 70% of the total portfolio; and, b. JPA Pools, no more than 50% of the total portfolio. 4.2.a Packet Pg. 234 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) 13. Corporate medium term notes (MTNs), provided that: a. Such notes have a maximum maturity of five years; b. Are issued by corporations organized and operating within the United States or by depository institutions licensed by the United States or any state and operating within the United States; c. Are rated ”A” category or better by at least two NRSROs; and, d. Holdings of medium-term notes may not exceed 30% of the portfolio and no more than 5% per issuer. 14. Mortgage pass-through, mortgage-backed, collateralized mortgage obligations, and asset-backed securities, provided that such securities: a. have a maximum stated final maturity of five years; b. be issued by an issuer having an “A” category or higher rating for the issuer’s debt as provided by at least two NRSROs; c. be rated in a rating category of “AA” category or its equivalent or better by at least two NRSROs; and, d. Purchase of securities authorized by this subdivision may not exceed 20% of the portfolio. 17. MUTUAL FUNDS AND MONEY MARKET MUTUAL FUNDS that are registered with the Securities and Exchange Commission under the Investment Company Act of 1940, provided that: e. MUTUAL FUNDS that invest in the securities and obligations as authorized under California Government Code, Section 53601 (a) to (k) and (m) to (q) inclusive and that meet either of the following criteria: 1. Attained the highest ranking or the highest letter and numerical rating provided by not less than two (2) NRSROs; or 2. Have retained an investment adviser registered or exempt from registration with the Securities and Exchange Commission with not less than five years’ experience investing in the securities and obligations authorized by California Government Code, Section 53601 and with assets under management in excess of $500 million. 3. No more than 10% of the total portfolio may be invested in shares of any one mutual fund. 4.2.a Packet Pg. 235 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) b. MONEY MARKET MUTUAL FUNDS registered with the Securities and Exchange Commission under the Investment Company Act of 1940 and issued by diversified management companies and meet either of the following criteria: 1. Have attained the highest ranking or the highest letter and numerical rating provided by not less than two (2) NRSROs; or 2. Have retained an investment adviser registered or exempt from registration with the Securities and Exchange Commission with not less than five years’ experience managing money market mutual funds with assets under management in excess of $500 million. 3. No more than 20% of the total portfolio may be invested in Money Market Mutual Funds. c. No more than 20% of the total portfolio may be invested in these securities. 18. SUPRANATIONALS, provided that:  Issues are US dollar denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and Development, International Finance Corporation, or Inter-American Development Bank.  The securities are rated in a rating category of “AA” or its equivalent or better by a NRSRO.  No more than 30% of the total portfolio may be invested in these securities.  No more than 10% of the portfolio may be invested in any single issuer.  The maximum maturity does not exceed five (5) years. X. PORTFOLIO RISK MANAGEMENT A. Prohibited investment vehicles and practices 1. State law notwithstanding, any investments not specifically described herein are prohibited, including, but not limited to futures and options. 2. In accordance with Government Code Section 53601.6, investment in inverse floaters, range notes, or mortgage derived interest-only strips is prohibited. 3. Investment in any security that could result in a zero interest accrual if held to maturity is prohibited. 4. Trading securities for the sole purpose of speculating on the future direction of interest rates is prohibited. 5. Purchasing or selling securities on margin is prohibited. 6. The use of reverse repurchase agreements, securities lending or any other form of borrowing or leverage is prohibited. 4.2.a Packet Pg. 236 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) 7. The purchase of foreign currency denominated securities is prohibited. B. Mitigating credit risk in the portfolio Credit risk is the risk that a security or a portfolio will lose some or all of its value due to a real or perceived change in the ability of the issuer to repay its debt. The City will mitigate credit risk by adopting the following strategies: 1. The diversification requirements included in Section VIII are designed to mitigate credit risk in the portfolio; 2. No more than 5% of the total portfolio may be invested in securities of any single issuer, other than the US Government, its agencies and enterprises, Money Market Mutual Funds, Mutual Funds, LAIF, LGIPs, Supranationals, or unless otherwise specified in this investment policy; 3. The City may elect to sell a security prior to its maturity and record a capital gain or loss in order to improve the quality, liquidity or yield of the portfolio in response to market conditions or City’s risk preferences; and, 4. If securities owned by the City are downgraded by either Moody’s or S&P to a level below the quality required by this Investment Policy, it will be the City’s policy to review the credit situation and make a determination as to whether to sell or retain such securities in the portfolio. a. If a security is downgraded, the City Treasurer and Finance Director will use discretion in determining whether to sell or hold the security based on its current maturity, the economic outlook for the issuer, and other relevant factors. b. If a decision is made to retain a downgraded security in the portfolio, its presence in the portfolio will be monitored and reported monthly to the governing board. C. Mitigating market risk in the portfolio Market risk is the risk that the portfolio value will fluctuate due to changes in the general level of interest rates. The City recognizes that, over time, longer-term portfolios have the potential to achieve higher returns. On the other hand, longer-term portfolios have higher volatility of return. The City will mitigate market risk by providing adequate liquidity for short-term cash needs, and by making longer-term investments only with funds that are not needed for current cashflow purposes. The City further recognizes that certain types of securities, including variable rate securities, securities with principal paydowns prior to maturity, and securities with embedded options, will affect the market risk profile of the portfolio differently in different interest rate environments. The City, therefore, adopts the following strategies to control and mitigate its exposure to market risk: 4.2.a Packet Pg. 237 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) 1. The City will maintain a minimum of three months of budgeted operating expenditures in short term investments to provide sufficient liquidity for expected disbursements; 2. The maximum percent of callable securities (does not include “make whole call” securities as defined in the Glossary) in the portfolio will be 20%; 3. The maximum stated final maturity of individual securities in the portfolio will be five years, except as otherwise stated in this policy; and, 4. The duration of the portfolio will at all times be approximately equal to the duration (typically plus or minus 20%) of a Market Benchmark Index selected by the City based on the City’s investment objectives, constraints and risk tolerances. The City’s current Benchmark will be documented in the investment procedures manual. XI. INVESTMENT OBJECTIVES (PERFORMANCE STANDARDS AND EVALUATION) A. Overall objective: The investment portfolio will be designed with the overall objective of obtaining a total rate of return throughout economic cycles, commensurate with investment risk constraints and cash flow needs. B. Specific objective: The investment performance objective for the portfolio will be to earn a total rate of return over a market cycle which is approximately equal to the return on the Market Benchmark Index as described in the City’s investment procedures manual. The performance of the City’s investments shall be compared to the total return of a benchmark that closely corresponds to the portfolio’s duration, universe of allowable securities, risk profile, and other relevant characteristics. XII. PROCEDURES AND INTERNAL CONTROLS A. Procedures The City Treasurer and Finance Director will establish written investment policy procedures in a separate investment procedures manual to assist investment staff with day-to-day operations of the investment program consistent with this policy. Such procedures will include explicit d elegation of authority to persons responsible for investment transactions. No person may engage in an investment transaction except as provided under the terms of this policy and the procedures established by the City Treasurer and Finance Director. B. Internal Controls The City Treasurer and Finance Director are responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the City are protected from loss, theft or misuse. The internal control structure will be designed to provide reasonable assurance that these objectives are met. Internal controls will be described in the City’s investment procedures manual. XIII. REPORTING, DISCLOSURE AND PROGRAM EVALUATION 4.2.a Packet Pg. 238 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) A. Monthly reports Monthly investment reports will be submitted by the City Treasurer to the City Council. These reports will disclose, at a minimum, the following information about the risk characteristics of the City’s portfolio: 1. An asset listing showing par value, cost and accurate and complete market value of each security, type of investment, issuer, and interest rate; 2. A one-page summary report that shows: a. Average maturity of the portfolio and modified duration of the portfolio; b. Maturity distribution of the portfolio; c. Average portfolio credit quality; and, d. Time-weighted total rate of return for the portfolio for the prior one month, three months, twelve months, year to date, and since inception compared to the Benchmark Index returns for the same periods; 3. A statement of compliance with investment policy, including a schedule of any transactions or holdings which do not comply with this policy or with the California Government Code, including a justification for their presence in the portfolio and a timetable for resolution; and, 4. A statement that the City has adequate funds to meet its cash flow requirements for the next six months. 5. A list of transactions for the period. B. Annual reports 1. The investment policy will be reviewed and adopted at least annually within 120 days of the end of the fiscal year to ensure its consistency with the overall objectives of preservation of principal, liquidity and return, and its relevance to current law and financial and economic trends. 2. A comprehensive annual report will be presented in conjunction with the investment policy review. This report will include comparisons of the City’s return to the Benchmark Index return, suggest policies and improvements that might enhance the investment program, and will include an investment plan for the coming year. C. Periodic audit The City Treasurer may establish a process of periodic independent review by an external expert to assure compliance with internal controls. Prepared by: 4.2.a Packet Pg. 239 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) Thomas Prill, Deputy City Manager Approved as to legal form: ___________________________________ Michael Maurer, City Attorney Approved: _____________________________________ Andrew Kotyuk, Mayor Date: September 1, 2020 4.2.a Packet Pg. 240 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) Appendix I Authorized Personnel The following investments (as defined in Section IX) can only be made by joint approval of the City Treasurer and Finance Director. When an external investment adviser is retained, approval of a proposed portfolio structure by the City Treasurer and Finance Director will suffice. Municipal bonds (City, State, Agency) U.S. Treasury obligations Federal Agency obligations Banker’s acceptances Time deposits, federally insured or collateralized, including CDARS Negotiable certificates of deposit Repurchase agreements Commercial paper Corporate medium term notes Mortgage pass-through and asset-backed securities Mutual funds The following investments (as defined in Section IX) can be made by the Finance Director or his designee: Money market mutual funds (non-brokered) Local Agency Investment Fund (LAIF) County Pooled Investment Funds Joint Powers Authority Pool Bank deposits, federally insured or collateralized 4.2.a Packet Pg. 241 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) Appendix II GLOSSARY OF INVESTMENT TERMS© Agencies. Shorthand market terminology for any obligation issued by a government-sponsored entity (GSE), or a federally related institution. Most obligations of GSEs are not guaranteed by the full faith and credit of the US government. Examples are: FDIC. The Federal Deposit Insurance Corporation provides insurance backed by the full faith and credit of the US government to certain bank deposits and debt obligations. FFCB. The Federal Farm Credit Bank System provides credit and liquidity in the agricultural industry. FFCB issues discount notes and bonds. FHLB. The Federal Home Loan Bank provides credit and liquidity in the housing market. FHLB issues discount notes and bonds. FHLMC. Like FHLB, the Federal Home Loan Mortgage Corporation provides credit and liquidity in the housing market. FHLMC, also called “FreddieMac” issues discount notes, bonds and mortgage pass-through securities. FNMA. Like FHLB and FreddieMac, the Federal National Mortgage Association was established to provide credit and liquidity in the housing market. FNMA, also known as “FannieMae,” issues discount notes, bonds and mortgage pass-through securities. GNMA. The Government National Mortgage Association, known as “GinnieMae,” issues mortgage pass-through securities, which are guaranteed by the full faith and credit of the US Government. PEFCO. The Private Export Funding Corporation assists exporters. Obligations of PEFCO are not guaranteed by the full faith and credit of the US government. TVA. The Tennessee Valley Authority provides flood control and power and promotes development in portions of the Tennessee, Ohio, and Mississippi River valleys. TVA currently issues discount notes and bonds. Asked. The price at which a seller offers to sell a security. ASSET BACKED SECURITIES. Securities supported by pools of installment loans or leases or by pools of revolving lines of credit. Average Life. In mortgage-related investments, including CMOs, the average time to expected receipt of principal payments, weighted by the amount of principal expected. Banker’s Acceptance. A money market instrument created to facilitate international trade transactions. It is highly liquid and safe because the risk of the trade transaction is transferred to the bank which “accepts” the obligation to pay the investor. Benchmark. A comparison security or portfolio. A performance benchmark is a partial market index, which reflects the mix of securities allowed under a specific investment policy. Bid. The price at which a buyer offers to buy a security. Broker. A broker brings buyers and sellers together for a transaction for which the broker receives a commission. A broker does not sell securities from his own position. Callable. A callable security gives the issuer the option to call it from the investor prior to its maturity. The main cause of a call is a decline in interest rates. If interest rates decline since an issuer issues securities, it will likely call its current securities and reissue them at a lower rate of interest. Callable securities have reinvestment risk as the investor may receive its principal back when interest rates are lower than when the investment was initially made. 4.2.a Packet Pg. 242 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) Certificate of Deposit (CD). A time deposit with a specific maturity evidenced by a certificate. Large denomination CDs may be marketable. Collateral. Securities or cash pledged by a borrower to secure repayment of a loan or repurchase agreement. Also, securities pledged by a financial institution to secure deposits of public monies. Certificate of Deposit Account Registry System (CDARS). A private placement service that allows local agencies to purchase more than $250,000 in CDs from a single financial institution (must be a participating institution of CDARS) while still maintaining FDIC insurance coverage. CDARS facilitates the trading of deposits between the California institution and other participating institutions in amounts that are less than $250,000 each so that FDIC coverage is maintained. Collateralized Mortgage Obligations (CMO). Classes of bonds that redistribute the cash flows of mortgage securities (and whole loans) to create securities that have different levels of prepayment risk, as compared to the underlying mortgage securities. COLLATERALIZED MORTGAGE OBLIGATIONS (CMO). Classes of bonds that redistribute the cash flows of mortgage securities (and whole loans) to create securities that have different levels of prepayment risk, as compared to the underlying mortgage securities. Commercial Paper. The short-term unsecured debt of corporations. Cost Yield. The annual income from an investment divided by the purchase cost. Because it does not give effect to premiums and discounts which may have been included in the purchase cost, it is an incomplete measure of return. Coupon. The rate of return at which interest is paid on a bond. Credit Risk. The risk that principal and/or interest on an investment will not be paid in a timely manner due to changes in the condition of the issuer. Current Yield. The annual income from an investment divided by the current market value. Since the mathematical calculation relies on the current market value rather than the investor’s cost, current yield is unrelated to the actual return the investor will earn if the security is held to maturity. Dealer. A dealer acts as a principal in security transactions, selling securities from and buying securities for his own position. Debenture. A bond secured only by the general credit of the issuer. Delivery vs. Payment (DVP). A securities industry procedure whereby payment for a security must be made at the time the security is delivered to the purchaser’s agent. Derivative. Any security that has principal and/or interest payments which are subject to uncertainty (but not for reasons of default or credit risk) as to timing and/or amount, or any security which represents a component of another security which has been separated from other components (“Stripped” coupons and principal). A derivative is also defined as a financial instrument the value of which is totally or partially derived from the value of another instrument, interest rate, or index. Discount. The difference between the par value of a bond and the cost of the bond, when the cost is below par. Some short-term securities, such as T-bills and banker’s acceptances, are known as discount securities. They sell at a discount from par, and return the par value to the investor at maturity without additional interest. Other securities, which have fixed coupons, trade at a discount when the coupon rate is lower than the current market rate for securities of that maturity and/or quality. 4.2.a Packet Pg. 243 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) Diversification. Dividing investment funds among a variety of investments to avoid excessive exposure to any one source of risk. Duration. The weighted average time to maturity of a bond where the weights are the present values of the future cash flows. Duration measures the price sensitivity of a bond to changes in interest rates. (See modified duration). Federal Funds Rate. The rate of interest charged by banks for short-term loans to other banks. The Federal Reserve Bank through open-market operations establishes it. Federal Open Market Committee: A committee of the Federal Reserve Board that establishes monetary policy and executes it through temporary and permanent changes to the supply of bank reserves. Haircut: The margin or difference between the actual market value of a security and the value assessed by the lending side of a transaction (i.e. a repo). Leverage. Borrowing funds in order to invest in securities that have the potential to pay earnings at a rate higher than the cost of borrowing. Liquidity: The speed and ease with which an asset can be converted to cash. LOCAL AGENCY INVESTMENT FUND (LAIF). A voluntary investment fund open to government entities and certain non-profit organizations in California that is managed by the State Treasurer’s Office. LOCAL GOVERNMENT INVESTMENT POOL. Investment pools that range from the State Treasurer’s Office Local Agency Investment Fund (LAIF) to county pools, to Joint Powers Authorities (JPAs). These funds are not subject to the same SEC rules applicable to money market mutual funds. Make Whole Call. A type of call provision on a bond that allows the issuer to pay off the remaining debt early. Unlike a call option, with a make whole call provision, the issuer makes a lump sum payment that equals the net present value (NPV) of future coupon payments that will not be paid because of the call. With this type of call, an investor is compensated, or "made whole." Margin: The difference between the market value of a security and the loan a broker makes using that security as collateral. Market Risk. The risk that the value of securities will fluctuate with changes in overall market conditions or interest rates. Market Value. The price at which a security can be traded. Marking to Market. The process of posting current market values for securities in a portfolio. Maturity. The final date upon which the principal of a security becomes due and payable. Medium Term Notes. Unsecured, investment-grade senior debt securities of major corporations which are sold in relatively small amounts on either a continuous or an intermittent basis. MTNs are highly flexible debt instruments that can be structured to respond to market opportunities or to investor preferences. Modified Duration. The percent change in price for a 100 basis point change in yields. Modified duration is the best single measure of a portfolio’s or security’s exposure to market risk. Money Market. The market in which short-term debt instruments (Tbills, discount notes, commercial paper, and banker’s acceptances) are issued and traded. Mortgage Pass-Through Securities. A securitized participation in the interest and principal cash flows from a specified pool of mortgages. Principal and interest payments made on the mortgages are passed through to the holder of the security. 4.2.a Packet Pg. 244 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) MUNICIPAL SECURITIES. Securities issued by state and local agencies to finance capital and operating expenses. Mutual Fund. An entity which pools the funds of investors and invests those funds in a set of securities which is specifically defined in the fund’s prospectus. Mutual funds can be invested in various types of domestic and/or international stocks, bonds, and money market instruments, as set forth in the individual fund’s prospectus. For most large, institutional investors, the costs associated with investing in mutual funds are higher than the investor can obtain through an individually managed portfolio. NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATION (NRSRO). A credit rating agency that the Securities and Exchange Commission in the United States uses for regulatory purposes. Credit rating agencies provide assessments of an investment's risk. The issuers of investments, especially debt securities, pay credit rating agencies to provide them with ratings. The three most prominent NRSROs are Fitch, S&P, and Moody's. NEGOTIABLE CD. A short-term debt instrument that pays interest and is issued by a bank, savings or federal association, state or federal credit union, or state-licensed branch of a foreign bank. Negotiable CDs are traded in a secondary market and are payable upon order to the bearer or initial depositor (investor). Premium. The difference between the par value of a bond and the cost of the bond, when the cost is above par. Prepayment Speed. A measure of how quickly principal is repaid to investors in mortgage securities. Prepayment Window. The time period over which principal repayments will be received on mortgage securities at a specified prepayment speed. Primary Dealer. A financial institution (1) that is a trading counterparty with the Federal Reserve in its execution of market operations to carry out U.S. monetary policy, and (2) that participates for statistical reporting purposes in compiling data on activity in the U.S. Government securities market. Prudent Person (Prudent Investor) Rule. A standard of responsibility which applies to fiduciaries. In California, the rule is stated as “Investments shall be managed with the care, skill, prudence and diligence, under the circumstances then prevailing, that a prudent person, acting in a like capacity and familiar with such matters, would use in the conduct of an enterprise of like character and with like aims to accomplish similar purposes.” Realized Yield. The change in value of the portfolio due to interest received and interest earned and realized gains and losses. It does not give effect to changes in market value on securities, which have not been sold from the portfolio. Regional Dealer. A financial intermediary that buys and sells securities for the benefit of its customers without maintaining substantial inventories of securities and that is not a primary dealer. Repurchase Agreement (RP, Repo). Short-term purchases of securities with a simultaneous agreement to sell the securities back at a higher price. From the seller’s point of view, the same transaction is a reverse repurchase agreement. Safekeeping. A service to bank customers whereby securities are held by the bank in the customer’s name. Structured Note. A complex, fixed income instrument, which pays interest, based on a formula tied to other interest rates, commodities or indices. Examples include inverse floating rate 4.2.a Packet Pg. 245 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) notes which have coupons that increase when other interest rates are falling, and which fall when other interest rates are rising, and "dual index floaters," which pay interest based on the relationship between two other interest rates - for example, the yield on the ten-year Treasury note minus the Libor rate. Issuers of such notes lock in a reduced cost of borrowing by purchasing interest rate swap agreements. SUPRANATIONAL. A Supranational is a multi-national organization whereby member states transcend national boundaries or interests to share in the decision making to promote economic development in the member countries. Total Rate of Return. A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending value; it includes interest earnings, realized and unrealized gains, and losses in the portfolio. U.S. Treasury Obligations. Securities issued by the U.S. Treasury and backed by the full faith and credit of the United States. Treasuries are considered to have no credit risk, and are the benchmark for interest rates on all other securities in the US and overseas. The Treasury issues both discounted securities and fixed coupon notes and bonds. Treasury Bills. All securities issued with initial maturities of one year or less are issued as discounted instruments, and are called Treasury bills. The Treasury currently issues three- and six-month Tbills at regular weekly auctions. It also issues “cash management” bills as needed to smooth out cash flows. Treasury Notes. All securities issued with initial maturities of two to ten years are called Treasury notes, and pay interest semi-annually. Treasury Bonds. All securities issued with initial maturities greater than ten years are called Treasury bonds. Like Treasury notes, they pay interest semi-annually. Volatility. The rate at which security prices change with changes in general economic conditions or the general level of interest rates. Yield to Maturity. The annualized internal rate of return on an investment which equates the expected cash flows from the investment to its cost. Copyright 2018 by Chandler Asset Management, Inc. 4.2.a Packet Pg. 246 Attachment: 09-01-20 Resolution - Statement of Investment Policy (Statement of Investment Policy) September 1, 2020 TO: City Council REQUESTED BY: Michelle Holmes, Director of Finance APPROVED BY: Robert A. Johnson, City Manager SUBJECT: Water and Wastewater Rate Increase 2020 RECOMMENDATION: Staff recommends that the City Council adopt Resolution 3829, approving rate increases pursuant to the recent Water and Wastewater Rate Study prepared by Raftelis. The water rate increase is proposed at Scenario Two (50% CIP funding), and the wastewater rate increase is proposed at 100% CIP funding. Due to an oversight in the Proposition 218 notice, the wastewater increase will be for year one only. Both increases are proposed to become effective October 1, 2020, unless the City Council approves an alternate effective date. BACKGROUND: In 2018, the City began the lengthy and expensive process of conducting a rate study for both its water and wastewater utilities. At that time, it was evident to management that the City needed to address failing infrastructure and impending operational deficits, due to the lack of an increase in rates for over a decade. Since 2015, the City has paid over $157,000 for two rate studies, one of which was reimbursed in the amount of $76,600 by the Santa Ana Watershed Project Authority (SAWPA). Infrastructure needs had already been quantified by conducting Master Plans for both utilities in 2017 and 2018. Master Plans evaluate a utility’s infrastructure to insure it can continue to serve the existing and future customer bases, by providing a clean water supply (#1 concern in the recent citizen survey). Items detailed in the Master Plans include repairs, replacements, and/or upgrades needed to insure that each utility can continue to fulfill its role in providing for the health and safety of resident and business customers. Both the Rate study and Master Plans are professional studies that survey the City’s system and are professional business plans prepared by consultants, who are experts in their respective fields. The City’s water fixed meter charge and consumption rates were previously developed in 2005, and the last escalation of these rates was implemented in 2009. Since that time, the City increased revenues by charging for the first five units of water consumption (previously provided at no charge) and implementing a Water Adjudication Surcharge in response to new expenses related to the Groundwater Management Plan. No other escalation provisions to the rates have been approved. The wastewater utility rate was last increased in 2011. Comparatively, per the Bureau of Labor Statistics, water, sewer and trash CPI has risen 47% since 2009 and 33% since 2011. So, the cost to the City of providing services of both utilities have increased over time with no increase to the customer. 4.3 Packet Pg. 247 On May 19, 2020, during a workshop with the City Council, staff, and its consultant Raftelis, presented the Water and Wastewater Rate Study. The presentation detailed three levels of CIP funding from projects in the Master Plans, including funding 100% or $13.3 million (Scenario 1), 50% or $6.6 million (Scenario 2), and 30% or $3.9 million (Scenario 3). The City Council expressed interest in funding at the 50% CIP scenario, but inquired about the possibility of phasing the increase at lower increments. On June 2, 2020, staff provided an analysis of the timing and implementation of the 50% CIP scenario, in comparison to phasing in increases of 10% each over the next five years. The analysis showed that 10% annual phasing would not meet the City’s immediate and urgent need for several capital projects, including the replacement of the Grand Well and two treatment facilities, estimated to cost $8.5 million. The City Council directed staff to move forward with sending a 45-day Notice of Public Hearing, as required by Proposition 218, at the 50% CIP funding level. The notice also included the proposed wastewater increase at 100% CIP funding. Due to an oversight, the notice only included a one year increase. The notice was mailed on July 2, 2020, which set the public hearing on August 18, 2020. On August 18, 2020, the City Council conducted the Public Hearing, as required by Proposition 218, to accept protests and hear public comments regarding the proposed water and wastewater rate increases. The City Clerk certified that there were three protests, which does not constitute a majority of the rate payers, and there were no public comments. An emerging issue detailed during the Public Hearing was the failure of the Lake Park Well motor on August 17, 2020, just one day before that meeting. This will result in repairs estimated at $51,000, and the need for an emergency purchase of water from Eastern Municipal Water District (EMWD) to meet supply demands estimated at $25,000 for around ten days. The possibility of relying on EMWD for water supply in these situations has also been previously discussed. Scenarios like this will become more frequent until the department can implement a capital improvement program, as provided by the proposed rate increase. The four City Councilmembers that were present did not conduct a vote. Instead, they agreed to delay voting to a subsequent meeting, allowing for further discussion among the full Council. As such, this is returning as a discussion item tonight. Staff’s recommendation remains the same, with the exception that based on timing, the rates would not be effective until October 1, 2020. DISCUSSION: As pointed out in these previous meetings, the City has been operating with inadequate rates for the past decade significantly exacerbating the original error in not incorporating a proper CPI to manage the utilities and protecting the City’s fiscal ability to provide a healthy water and sewer conveyance system for residents and businesses that it serves. The result has been cost savings to rate payers, but has resulted in deferring maintenance and capital improvements. The systems 4.3 Packet Pg. 248 are at a critical stage of potential failure and capital projects that will allow the City to continue providing these services into the future are desperately required. The City’s water department has an estimated $8.5 million in urgent CIP funding needs. Although the 50% CIP funding model is estimated to provide $6.6 million of the total needed for these improvements, staff will continue to work diligently toward prudent and efficient budgeting, planning, and value engineering to phase projects to accomplish system-wide improvements, to the greatest extent possible. Understanding that the City Council may be concerned with the timing of the increases and the impact to customers during COVID-19, staff has developed the table below to provide implementation options, including the dates that customers would first be impacted. The result of delaying implementation will be the continued utilization of reserves and prolong the time in which the collection of funds are able to be utilized to make improvements to the systems. Implementation Bill Date Due Date October 1, 2020 November 15, 2020 November 22, 2020 November 1, 2020 December 15, 2020 December 22, 2020 December 1, 2020 January 1, 2021 January 22, 2021 January 1, 2021 February 15, 2021 February 22, 2021 FISCAL IMPACT: If the increases are approved as proposed, both Enterprise Funds are expected to generate funding to allow for increasing operational expenses, urgently needed capital projects, restoring reserves, and complying with debt covenants. Otherwise, the City’s continued ability to operate the utilities in the short and long-term is uncertain. ATTACHMENTS: 9-01-20 Resolution 3829 Raftelis water sewer rate presentation item 5.1 8 18 2020 4.3 Packet Pg. 249 24438.H0000\33180252.2 STATE OF CALIFORNIA) RESOLUTION NO: 3829 COUNTY OF RIVERSIDE) ss CITY OF SAN JACINTO) A RESOLUTION OF THE CITY OF SAN JACINTO ADOPTING INCREASES IN ITS WATER AND WASTEWATER SERVICE RATES WHEREAS, the City of San Jacinto (“City”) operates water and wastewater enterprises, which provide services to businesses, residences and other properties in the City; and WHEREAS, the City Council establishes the service rates for the City’s water and wastewater services; and WHEREAS, the City has determined that it is necessary to increase the rates for its water and wastewater services charges (collectively herein, the “Charges”) to: (1) recover current and projected increases in the costs of operating and maintaining the water system, including costs of billing and collections, customer service, meter reading and meter maintenance, meter-related capital infrastructure costs, and personnel costs; (2) eliminate the existing Energy surcharge; (3) provide water to certain properties for private fire service protection; (4) provide water, including certain fixed costs, water supply, and costs to manage water resources; (5) pay for its share of proportional costs of the infrastructure, administrative costs, and the recharge supplemental water to the Hemet/San Jacinto Groundwater Basin as a result of a federal water rights adjudication with the Soboba Band of Luiseno Indians; (6) pay Eastern Municipal Water District (“EMWD”) charges for the treatment of sewage; and (7) adequately fund operating expenses, achieve reserve policy targets, fund long-term capital programs, and comply with debt covenants for its water system and wastewater collection system; and WHEREAS, the rate structure for water service charges has seven customer classes: (1) Single Family Residential; (2) Multi-Family Residential/Mobile; (3) Commercial; (4) Irrigation; (5) Schools; (6) Construction/Bulk Water; and, (7) City Use. For Single Family Residential customers, the rate structure includes two tiers with higher water rates charged to customers placing greater demands on the system. The remaining six customer classes are subject to a uniform water rate. The rates for water service charges are comprised of three components: (1) a Fixed Monthly Base Charge; (2) a Private Fire Line Charge; and (3) a Consumption Charge; and WHEREAS, the rate structure for wastewater service charges applies to all customers served by the City’s wastewater system, and has the same seven customer classes listed above, with customers billed either by Equivalent Dwelling Unit (EDU) or by the estimated amount of water returned to the wastewater (“flow”). Customers billed by flow are Commercial, School, and Church facilities; and 4.3.a Packet Pg. 250 Attachment: 9-01-20 Resolution 3829 (Water and Wastewater Rate Increase 2020) 24438.H0000\33180252.2 WHEREAS, effective October 1, 2020, the City is proposing to implement a revised rate structure and increased rates for water and wastewater service charges, all as set forth in Exhibits “A” and “B” hereto; and WHEREAS, all water customers will be charged the Fixed Monthly Base Charge to recover portions of the City’s fixed costs in providing water service, and which will be based on the size of the meter serving the property; and WHEREAS, the Consumption Charge for Single-Family Residential customers will consist of two tiers, with the second tier rate based on water use of more than 11 HCF in order to shift the cost of higher water use to those driving those costs; and WHEREAS, the Consumption Charge for Multi-Family Residential/Mobile, Commercial, Irrigation, Schools, Construction/Bulk Water, and City Use customers will each respectively consist of a single rate, charged per unit of water delivered; and WHEREAS, the City’s proposed water rate structure additionally includes an Adjudication Surcharge, charged per unit of water delivered, to recover the costs of groundwater recharge required by the Soboba settlement ; and WHEREAS, the City will additionally impose a Private Fire Line Charge on parcels with a private fire line serving such parcel, and which is a fixed charge based on the size of the private fire line serving the parcel; and WHEREAS, the rates for the wastewater service charges are comprised of three components: (1) a flat pass through charge imposed by EMWD to treat wastewater per EDU; (2) a Capital Fixed Charge per EDU; and (3) a monthly wastewater charge either billed (a) per EDU or (b) by flow in hundred cubic feet for Commercial, School, and Church facilities; and WHEREAS, the revenues derived from the Charges will not exceed the funds required to provide the services and shall be used exclusively for the operat ion and maintenance of the water and wastewater systems; and WHEREAS, the Charges are equitable to all customer classes; and WHEREAS, the amount of the Charges will not exceed the proportional cost of the service attributable to each parcel upon which they are proposed for imposition; and WHEREAS, the Charges will not be imposed on a parcel unless the service is actually used by, or immediately available to, the owner of the parcel or the tenant directly responsible for the charges; and WHEREAS, article XIII D, section 6 of the California Constitution (“Article XIII D”) requires that prior to imposing any increase to the Charges, the City shall provide written notice (the “Notice”) by mail of the new or increased Charges to the record owner of each parcel upon which the Charges are proposed for imposition and any tenant directly liable for payment of the Charges, the amount of the Charges proposed to be imposed on each 4.3.a Packet Pg. 251 Attachment: 9-01-20 Resolution 3829 (Water and Wastewater Rate Increase 2020) 24438.H0000\33180252.2 parcel, the basis upon which the Charges were calculated, the reason for the Charges, and the date, time, and location of a public hearing (the “Hearing”) on the proposed Charges; and WHEREAS, pursuant to Article XIII D such Notice is required to be provided to the affected property owners and any tenant directly liable for the payment of the Charges not less than forty-five days prior to the Hearing on the proposed Charges; and WHEREAS, the City did provide such Notice to the affected property owners and tenants in compliance with Article XIII D; and WHEREAS, the Hearing was held on August 18, 2020; and WHEREAS, at the Hearing, the City Council of the City of San Jacinto (“City Council”) considered all written protests to the proposed rate increases to the Charges received prior to the close of the Hearing, and heard oral testimony concerning the establishment and imposition of the proposed ra te increases to the Charges, and at the close of the Hearing the City determined that it did not receive written protests against the establishment and imposition of the proposed increases to the Charges from a majority of the affected property owners and tenants directly liable for the payment of such Charges; and WHEREAS, on June 2, 2020, the City Council adopted Ordinance No. 20-06, authorizing the City Council to adopt new water or wastewater rates by resolution; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN JACINTO AS FOLLOWS: SECTION 1: Incorporation of Recitals: The Recitals set forth above are made findings of this City Council and are incorporated herein and made an operative part of this Resolution. SECTION 2: Inconsistency with other Charges: To the extent any Charges established by this Resolution are inconsistent with Charges previously adopted; it is the explicit intention of the City Council of the City of San Jacinto that the Charges adopted pursuant to this Resolution shall prevail. SECTION 3: Water Charges: The City Council hereby adopts the water service charges, to be effective on the dates, in the amounts, and at the rates (including associated tier widths) set forth in Exhibit “A”, attached hereto and incorporated herein by this reference. The City Council further adopts the methodology for imposing Charges for water service as set forth in Exhibit “A” hereto. 4.3.a Packet Pg. 252 Attachment: 9-01-20 Resolution 3829 (Water and Wastewater Rate Increase 2020) 24438.H0000\33180252.2 SECTION 4: Wastewater Service Charges: The City Council hereby adopts the wastewater service charges, to be effective on the dates, in the amounts, and at the rates set forth in Exhibit “B”, attached hereto and incorporated herein by this reference. The City Council further adopts the methodology for imposing the Charges for wastewater service as set forth in Exhibit “B” hereto. SECTION 5: Authorization: The City Manager is hereby authorized and directed to take all action necessary to implement and collect the Charges set forth herein. SECTION 6: CEQA Compliance: The City Council finds that the administration, operation, maintenance, and improvements of the City’s water and wastewater systems, which are to be funded by the Charges, and set forth herein, are necessary to maintain service within the City’s existing water and wastewater service areas as described herein. The City Council further finds that the administration, operation, maintenance and improvements of the City’s water and wastewater systems, to be funded by the Charges, will not expand the City’s water and wastewater systems. The City Council further finds that the adoption of the Charges is necessary and reasonable to fund the administration, operation, maintenance and improvements of the City’s water and wastewater systems. Based on these findings, the City Council determines that the adoption of the Charges established by this Resolution are exempt from the requirements of the California Environmental Quality Act pursuant to section 21080(b)(8) of the Public Resources Code and section 15273(a) of the State CEQA Guidelines. SECTION 7: Severability: If any section, subsection, clause or phrase in this Resolution or the application thereof to any person or circumstances is for any reason held invalid, the validity of the remainder of this Resolution or the applicatio n of such provisions to other persons or circumstances shall not be affected thereby. The City Council hereby declares that it would have passed this Resolution and each section, subsection, sentence, clause, or phrase thereof, irrespective of the fact that one or more sections, subsections, sentences, clauses or phrases or the application thereof to any person o r circumstance be held invalid. SECTION 8: Effective Date: This Resolution shall take effect and be in full force and effect upon its adoption. 4.3.a Packet Pg. 253 Attachment: 9-01-20 Resolution 3829 (Water and Wastewater Rate Increase 2020) 24438.H0000\33180252.2 PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council of the City of San Jacinto on the 1st day of September 2020 by the following vote: AYES: NAYS: ABSENT: ABSTAIN: CITY OF SAN JACINTO: ___________________________ Andrew Kotyuk, Mayor ATTEST: _________________________ Sherry Morton, Interim City Clerk APPROVED AS TO FORM: BEST BEST & KRIEGER LLP _________________________ Michael J. Maurer, City Attorney 4.3.a Packet Pg. 254 Attachment: 9-01-20 Resolution 3829 (Water and Wastewater Rate Increase 2020) 24438.H0000\33180252.2 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE )ss CITY OF SAN JACINTO ) I, Sherry Morton, duly appointed Interim City Clerk of the City of San Jacinto, do hereby certify that the foregoing Resolution No. 3829 was passed, approved, and adopted at a regular meeting of the City Council of the City of San Jacinto on the 1st day of September 2020. AYES: NAYS: ABSENT: ABSTAIN: WITNESS MY HAND AND OFFICIAL SEAL the 1st day of September 2020. Sherry Morton Interim City Clerk City of San Jacinto 4.3.a Packet Pg. 255 Attachment: 9-01-20 Resolution 3829 (Water and Wastewater Rate Increase 2020) 24438.H0000\33180252.2 EXHIBIT “A” SCHEDULE OF WATER SERVICE CHARGES Monthly Water Fixed Charges Meter Size (inches)FYE 2021 FYE 2022 FYE 2023 FYE 2024 FYE 2025 5/8"$17.50 $20.30 $21.73 $23.26 $24.89 3/4"$17.50 $20.30 $21.73 $23.26 $24.89 1"$24.50 $28.42 $30.41 $32.54 $34.82 1 1/2"$41.99 $48.71 $52.12 $55.77 $59.68 2"$62.97 $73.05 $78.17 $83.65 $89.51 3"$129.43 $150.15 $160.67 $171.92 $183.96 4"$227.37 $263.76 $282.23 $301.99 $323.13 6"$461.74 $535.62 $573.12 $613.24 $656.17 8"$846.51 $981.95 $1,050.69 $1,124.24 $1,202.94 Monthly Private Fire Line Charge Private Fire Connection Size (inches)FYE 2021 FYE 2022 FYE 2023 FYE 2024 FYE 2025 4"$28.96 $33.60 $35.96 $38.48 $41.18 6"$84.14 $97.61 $104.45 $111.77 $119.60 8"$179.30 $207.99 $222.55 $238.13 $254.80 10"$322.44 $374.04 $400.23 $428.25 $458.23 12"$520.84 $604.18 $646.48 $691.74 $740.17 Monthly Water Tier Definitions and Consumption Charges Tier Definitions Proposed Customer Class Proposed Tier Definition SFR Tier 1 0-11 hcf Tier 2 >11 hcf MFR/Mobile Uniform Commercial Uniform Irrigation Uniform Schools Uniform Construction/Bulk Water Uniform City use Uniform 4.3.a Packet Pg. 256 Attachment: 9-01-20 Resolution 3829 (Water and Wastewater Rate Increase 2020) 24438.H0000\33180252.2 EXHIBIT “A” (continued) Monthly Water Tier Definitions and Consumption Charges (continued) Consumption Charges Customer Class FYE 2021 FYE 2022 FYE 2023 FYE 2024 FYE 2025 SFR Tier 1 $2.20 $2.56 $2.74 $2.94 $3.15 Tier 2 $2.73 $3.17 $3.40 $3.64 $3.90 MFR/Mobile $2.61 $3.03 $3.25 $3.48 $3.73 Commercial $2.61 $3.03 $3.25 $3.48 $3.73 Irrigation $2.61 $3.03 $3.25 $3.48 $3.73 Schools $2.61 $3.03 $3.25 $3.48 $3.73 Construction/Bulk Water $2.61 $3.03 $3.25 $3.48 $3.73 City use $2.61 $3.03 $3.25 $3.48 $3.73 Adjudication Surcharge $1.23 $1.43 $1.54 $1.65 $1.77 4.3.a Packet Pg. 257 Attachment: 9-01-20 Resolution 3829 (Water and Wastewater Rate Increase 2020) 24438.H0000\33180252.2 EXHIBIT “B” SCHEDULE OF WASTEWATER CHARGES Monthly Wastewater Charges – FYE 2021 Charge Type Proposed Rates Per EDU $5.83 Per hcf $0.53 Note: 1 EDU = 11 hcf 4.3.a Packet Pg. 258 Attachment: 9-01-20 Resolution 3829 (Water and Wastewater Rate Increase 2020) 4.3.b Packet Pg. 259 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and • • •Steve Gagnon, PE (AZ) Lauren Demine Arisha Ashraf, PhD 4.3.b Packet Pg. 260 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and 4.3.b Packet Pg. 261 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and • • • 4.3.b Packet Pg. 262 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and • • • • 4.3.b Packet Pg. 263 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and • 4.3.b Packet Pg. 264 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and Operating Costs Debt Capital Investment Reserves Other Non-Rate Revenue Revenue Requirement 4.3.b Packet Pg. 265 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and • • • › › › › • • 4.3.b Packet Pg. 266 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and Escalation Factors FYE 2021 FYE 2022 FYE 2023 FYE 2024 FYE 2025 General 2.5%2.5%2.5%2.5%2.5% Salary 3.0%3.0%3.0%3.0%3.0% Benefits 5.0%5.0%5.0%5.0%5.0% 4.3.b Packet Pg. 267 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and 4.3.b Packet Pg. 268 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and 4.3.b Packet Pg. 269 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and • › 4.3.b Packet Pg. 270 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and • › 4.3.b Packet Pg. 271 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and • 4.3.b Packet Pg. 272 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and Fiscal Year Revenue Adjustment 2021 0% 2022 0% 2023 0% 2024 0% 2025 0% 4.3.b Packet Pg. 273 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and Fiscal Year Water Revenue Adjustment 2021 48.0% 2022 12.0% 2023 8.0% 2024 8.0% 2025 8.0% • 4.3.b Packet Pg. 274 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and Fiscal Year Water Revenue Adjustment 2021 24.0% 2022 16.0% 2023 7.0% 2024 7.0% 2025 7.0% • 4.3.b Packet Pg. 275 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and Fiscal Year Water Revenue Adjustment 2021 17.0% 2022 13.0% 2023 8.0% 2024 8.0% 2025 6.0% • 4.3.b Packet Pg. 276 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and • • Meter Service Charges (Monthly)Meter Size FYE 2020 5/8"$15.36 3/4"$15.36 1"$24.04 1 1/2"$46.16 2"$69.25 3"$74.08 4"$126.98 6"$230.85 8"$334.75 Construction Flat Rate $64.42 Private Fire Service Charge Flat Rate $15.36 Energy Surcharge Flat Rate $2.00 Commodity Rates by Meter Size (Monthly, $/ccf)Tier Width (ccf)FYE 2020 5/8" & 3/4" Tier 1 0-15 hcf $1.53 Tier 2 >16 hcf $2.12 1" to 2" Tier 1 0-20 hcf $1.53 Tier 2 >21 hcf $2.12 ≥3"uniform $1.64 Bulk Water uniform $1.98 Construction uniform $1.98 Adjudication Surcharge per hcf $1.12 4.3.b Packet Pg. 277 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and 4.3.b Packet Pg. 278 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and Meter Size Current FYE 2020 Scenario 1 – 100% CIP FYE 2021 Scenario 2 – 50% CIP FYE 2021 Scenario 3 – 30% CIP FYE 2021 5/8”$15.36 $18.38 $17.50 $17.29 3/4"$15.36 $18.38 $17.50 $17.29 1"$24.04 $26.10 $24.50 $24.09 1 1/2"$46.16 $45.39 $41.99 $41.09 2"$69.25 $68.55 $62.97 $61.48 3"$74.08 $141.88 $129.43 $126.07 4"$126.98 $249.94 $227.37 $221.25 6"$230.85 $508.52 $461.74 $449.01 8"$334.75 $933.05 $846.51 $822.94 4.3.b Packet Pg. 279 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and Proposed Customer Classes Proposed Tier Widths Current FYE 2020 Scenario 1 –100% CIP FYE 2021 Scenario 2 –50% CIP FYE 2021 Scenario 3 –30% CIP FYE 2021 Single-Family Residential Tier 1 0-11 hcf $1.53 $2.99 $2.20 $1.97 Tier 2 >11 hcf $2.12 $3.67 $2.73 $2.46 Multi-Family / Mobile Home Uniform Varies $3.52 $2.61 $2.34 Commercial Uniform Varies $3.52 $2.61 $2.34 Irrigation Uniform $1.64 $3.52 $2.61 $2.34 Schools Uniform $1.64 $3.52 $2.61 $2.34 Construction/Bulk Uniform $1.98 $3.52 $2.61 $2.34 City Use Uniform N/A $3.52 $2.61 $2.34 Current FYE 2020 Scenario 1 FYE 2021 Scenario 2 FYE 2021 Scenario 3 FYE 2021 Adjudication Surcharge Uniform $1.12 $1.23 $1.23 $1.23 4.3.b Packet Pg. 280 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and Connection Size Current FYE 2020 Scenario 1 – 100% CIP FYE 2021 Scenario 2 – 50% CIP FYE 2021 Scenario 3 – 30% CIP FYE 2021 4"$15.36 $33.90 $28.96 $27.56 6"$15.36 $98.47 $84.14 $80.05 8"$15.36 $209.84 $179.30 $170.59 10”$15.36 $377.37 $322.44 $306.79 12"$15.36 $609.56 $520.84 $495.55 4.3.b Packet Pg. 281 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and Monthly Residential Usage in San Jacinto 25th percentile 6 hcf Median 10 hcf Average 13 hcf 75th percentile 16 hcf 90th percentile 25 hcf 4.3.b Packet Pg. 282 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and Monthly Residential Usage in San Jacinto 25th percentile 6 hcf Median 10 hcf Average 13 hcf 75th percentile 16 hcf 90th percentile 25 hcf 4.3.b Packet Pg. 283 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and Monthly Residential Usage in San Jacinto 25th percentile 6 hcf Median 10 hcf Average 13 hcf 75th percentile 16 hcf 90th percentile 25 hcf 4.3.b Packet Pg. 284 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and 4.3.b Packet Pg. 285 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and 4.3.b Packet Pg. 286 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and 4.3.b Packet Pg. 287 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and 4.3.b Packet Pg. 288 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and › 4.3.b Packet Pg. 289 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and Fiscal Year Revenue Adjustment 2021 0% 2022 0% 2023 0% 2024 0% 2025 0% 4.3.b Packet Pg. 290 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and Fiscal Year Revenue Adjustment 2021 18.0% 2022 12.0% 2023 8.0% 2024 8.0% 2025 8.0% • 4.3.b Packet Pg. 291 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and Customers Billed by EDU Current Rate $/EDU City of San Jacinto Customers Single-Unit, Multi-Unit $4.92 City Customers bill through EMWD Single-Unit, Multi-Unit, Commercial $4.92 Customers Billed on Flow $/hcf Commercial, School, Church $0.45 4.3.b Packet Pg. 292 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and Customers Billed by EDU Proposed Rate $/EDU City of San Jacinto Customers Single-Unit, Multi-Unit $5.83 City Customers bill through EMWD Single-Unit, Multi-Unit, Commercial $5.83 Customers Billed on Flow $/hcf Commercial, School, Church $0.53 4.3.b Packet Pg. 293 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and Customers Billed by EDU Current Bill ($) Proposed Bill ($) Difference ($) Difference (%) City of San Jacinto Customers All Accounts per EDU $4.92 $5.83 $0.91 18.4% Customers Billed on Flow Average hcf Commercial, School, Church 25 $11.25 $13.25 $2.00 17.8% 4.3.b Packet Pg. 294 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and Current Charge FYE 2021 FYE 2022 FYE 2023 FYE 2024 FYE 2025 Monthly Rate (per EDU)*$4.92 $5.83 $6.53 $7.05 $7.62 $8.23 Flow-Based Charge ($/hcf)$0.45 $0.53 $0.59 $0.64 $0.69 $0.75 * Includes Single Family Residential City has noticed the FY 2021 increase and will notice FYE 2022-FYE 2025 year increases in a future notice 4.3.b Packet Pg. 295 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and 4.3.b Packet Pg. 296 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and 4.3.b Packet Pg. 297 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and 4.3.b Packet Pg. 298 Attachment: Raftelis water sewer rate presentation item 5.1 8 18 2020 (Water and September 1, 2020 TO: City Council REQUESTED BY: Travis Randel, Community Development Director APPROVED BY: Robert A. Johnson, City Manager SUBJECT: Art in Public Places - Cabinet Beautification Pilot Program RECOMMENDATION: That the City Council: 1. APPROVE the Artwork and Budget Allocation of $5,000 for the Cabinet Beautification Pilot Program for Five Points Intersection; and 2. AUTHORIZE staff to engage the San Jacinto Unified School District to explore a “Tiger Pride” Cabinet Beautification project for the utility cabinet located adjacent to San Jacinto High School at Ramona Boulevard and Tiger Lane. The final design to be approved by the City Council at a later date. DISCUSSION: On July 9, 2020, the City Council adopted Ordinance 20-07 establishing Chapter 12.35 - Arts in Public Places Program of the San Jacinto Municipal Code, which became effective August 7, 2020. The intent of the City of San Jacinto’s Art in Public Places Program is to provide a diverse and culturally rich environment for San Jacinto residents and visitors. Public art expresses the confidence, vitality, and optimism of the community and reflects the highest ideals of its citizens resulting in a more beautiful and livable city. It celebrates our community identity by developing collections of artwork, which have strong inherent aesthetic quality and represent diverse communities through a wide range of artistic styles and disciplines. As part of the presentation, staff identified several examples of successful public art projects throughout the United States, as well as internationally. One of the simplest, fastest, and least expensive projects involve the wrapping of utility boxes in printed vinyl (Cabinet Beautification). Projects such as this provide significant enhancements to the community and require little on-going maintenance. Staff has identified Econolite, a preferred vendor that has extensive experience in the preparation, design, and installation of utility box wraps, to assist staff with the preparation of a Pilot Program. Econolite has assisted staff with identifying opportunities, as well as challenges, to a Cabinet Beautification Project, including a mock-up historic art concept, as noted in the attached exhibit. Cabinet beautification projects are known to have a variety of designs including original art, photographic art, informational art, or historical art. Staff is recommending that the City Council approve a historical art project for the Pilot Program. Staff has identified the cabinet utility box at the 5 Points intersection (San Jacinto Avenue, Main 4.4 Packet Pg. 299 Street and Ramon Boulevard) as the recommended Pilot Program location. The site is located in a highly visible location that includes a moderate amount of pedestrian traffic. It is located close to City Hall and Downtown, which makes it a prime location for a historical art project. In addition, the historic photos (discussed in greater detail below) generally represent the historic Downtown area making it more appropriate than other locations. As shown in the attached exhibit, staff is recommending wrapping three sides of the utility cabinet with historical photographs. The back panel would include a picture of a horse and buggie on Main Street in circa 1897, while the left panel includes a circa 1922 photograph of a car crossing the San Jacinto River on a Span Bridge. The front panel, or street side, includes a circa 1905 photograph of a Fourth of July celebration in Downtown. The right panel includes the following text: City of San Jacinto. Founded in 1870, and incorporated on April 9, 1888, San Jacinto is one of Riverside County's oldest communities with roots that stretch back to the earliest days of California. For over 100 years, the fertile valley supported businesses and ranches with jobs, good resources and bumper crops such as grains, apricots, peaches, walnuts and citrus. Cattle ranching and horse drawn buggies dominated the landscape, and the train station was at the heart of this agricultural hub. Today—nearly 150 years later—San Jacinto is home to over 50,000 residents, with a growing business and manufacturing community, and we continue to celebrate our deep-rooted historic and cultural heritage. #GoSanJacinto #LifestyleWorthLiving The left, front, and right panels include the recently adopted City Seal, while the back panel includes both the seal and the logo. In addition, pedestrian level text will be added to provide a caption for each photo prior to production. The quote received from Econolite for this specific cabinet is $2,200 which includes art design, fabrication and installation. Econolite partnered with 3M and Honeywell Technology for the vinyl wraps, which come with a 1-year warranty. The wraps boast a 5-year life expectancy, before they should be removed or replaced. The wraps include an anti-graffiti coating, which provides protection from spray paint, markers, and adhesives and can be easily sprayed with household cleaners and wiped clean. In the event that more drastic vandalism occurs, such as physical tearing or removal, the panels can be removed and replaced without having to replace all of the other panels making repairs easier and less expensive. Since the vinyl is attached to the cabinet, rather than having the cabinets painted directly (i.e. for customer art work), they can be easily replaced or removed without having to repaint the utility boxes. The same is true in the event the cabinet is significantly damaged as a result of a vehicle collision, the panels can be reprinted and reinstalled relatively easily without necessitating the hiring of an artist to fix art painted directly to the cabinets. In addition to the Pilot Program for the 5 Points intersection, staff is also recommending that the City Council authorize staff to work with the San Jacinto Unified School District on a second location adjacent to San Jacinto High School at Ramona Boulevard and Tiger Lane. The idea would be to engage the school district and high school to solicit design concepts from the 4.4 Packet Pg. 300 students that embody the “Tiger Pride.” A concept, or group of concepts, would be selected by staff and further refined by a graphic designer. The final design would be presented to the City Council for approval. Finally, as a matter of information, the City of San Jacinto is under a maintenance and operation agreement with the County of Riverside Transportation Commission for all traffic signals within the City. While the City has 100% ownership of the 5-points intersection control box, staff was initially concerned that the wraps may impact the County of Riverside’s ability to service the units; however, after corresponding with the County, it was determined that the wraps will have no impact on the on-going short-term or long-term maintenance or operation of the boxes. FISCAL IMPACT: The Arts in Public Places Program was not funded as part of the FY 20/21 budget since the program was not in effect at the time of budget adoption. Rather than requesting a supplemental appropriation for the Arts in Public Places Program at this time, staff is recommending that the City Council authorize up to $5,000 to be used for the pilot program from the Community Amenities Fund #131-9600-960.30-90. While the quoted price for printing and installation is only $2,200, staff is recommending and additional $2,800 for any unforeseen maintenance or repairs. If the City Council would like to consider additional locations for the pilot program, an additional $5,000 should be allocated per location. As of the writing of this report, the Community Amenities Fund has an approximate balance of $47,194 of uncommitted funds. As funds are collected from the Arts in Public Places over the coming months, staff will return to the City Council with a supplemental appropriation; however, a supplemental appropriation at this point may be premature as there is no historical data to extrapolate anticipated revenue or expenditures. ATTACHMENTS: 5 Points Pilot Program Mockup Existing Cabinet Photos 5 Points Pilot Program Aerial Cabinet Beautification Overview 4.4 Packet Pg. 301 cleanslategroup.org34 Outlier Way Bozeman, MT 59718 800.328.9974 elysia@cleanslategroup.org Attention: Econolite Date: 8/21/2020 Project: San Jacinto, CA cabinet wrap Concept 1 Top Front RightLeftBack 4.4.a Packet Pg. 302 Attachment: 5 Points Pilot Program Mockup (Art in Public Places - Cabinet Beautification Pilot Program) 4.4.bPacket Pg. 303Attachment: Existing Cabinet Photos (Art in Public Places - Cabinet Beautification Pilot Program) 4.4.bPacket Pg. 304Attachment: Existing Cabinet Photos (Art in Public Places - Cabinet Beautification Pilot Program) 4.4.bPacket Pg. 305Attachment: Existing Cabinet Photos (Art in Public Places - Cabinet Beautification Pilot Program) 4.4.bPacket Pg. 306Attachment: Existing Cabinet Photos (Art in Public Places - Cabinet Beautification Pilot Program) Main Street Main Street San Jacinto AvenueSan Jacinto AvenueProposed Utility Box 4.4.c Packet Pg. 307 Attachment: 5 Points Pilot Program Aerial (Art in Public Places - Cabinet Beautification Cabinets for Traffic Management How do they benefit the driving public? City Beautification embraces the flavor of each neighborhood and our anti-graffiti vinyl is targeted at deterring vandalism. Graffiti Art displays are also susceptible to tagging, but we can change that. Images of art can be turned into permanent displays using anti-graffiti vinyl. City Beautification transforms walls into a canvas for your city’s unique brushstrokes. Why do agencies use them? Capturing your city’s essence, whether it’s funky and vibrant, classic and chic, or sleepy and down-to-earth, we bring your hometown’s character to life on your cabinets. Our beautification technology captures each town’s distinctive energy by showcasing local art, photography, and historic images in the most unexpected places. What, exactly, are cabinet wraps? Anti-graffiti vinyl cabinet wraps battles against unwanted vandalism. Permanent marker, spray paint, and adhesives are easily removed with simple cleaners. We refer to anti-graffiti vinyl as our “special recipe” and work directly with the top film manufacturers in the world and offer the best graffiti-proofing technologies. Cabinet Beautification 4.4.d Packet Pg. 308 Attachment: Cabinet Beautification Overview (Art in Public Places - Cabinet Beautification Pilot Program) 1250 N. Tustin Avenue, Anaheim, CA 92806 ∙ 714-630-3700 ∙ sales@econolite.com ∙ www.econolite.com © 2019 Econolite. All rights reserved. Econolite reserves the right to change or update these specifications at any time without prior notification. Econolite Traffic Cabinets 222310216-5 Cabinet Beautification Datasheet Why Wrap a Traffic Signal Cabinet? Bring Beauty to Your City Econolite Group works with Clean Slate Group and local artists, photographers, and historical societies to create designs that capture each community’s distinct energy and style. Apart from local art and photos, we can work with clients to create infographics, wayfinding signage, and even custom imagery and faux textures to blend a cabinet into its surroundings. Graffiti Resistant Laminates Econolite Group uses only graffiti-resistant laminates for use on traffic cabinets for both beautification and protection. We offer the only conformable graffiti-resistant films on the market. We work directly with 3M® and Honeywell® to provide protection from spray paint, markers, adhesives, acid etching, gouging and more. So if a vandal does try to leave their mark, clean up is as simple as spray and wipe! Our Wraps > Paint • Wraps and laminates instantly reduce maintenance costs for Public Works Depts. and Graffiti Abatement Programs. • Econolite Group works with Clean Slate Group’s large format, ultra high resolution printers. We can recreate nearly any image, art, or texture; opening the door to a variety of artistic mediums that were previously not possible. • Wraps are simple to swap out for a change of scenery or if a panel is damaged, it can be replaced without incurring the cost of an entire new wrap. Expert Service from the Pros • Econolite Group selected Clean Slate because of their extensive experience in city beautification projects around the country • We help develop a plan: identifying locations with a special emphasis on high traffic and graffiti-prone areas • We help facilitate an “All Call” for local art; supplying legal forms and press releases for each project. Clean Slate Group’s team of talented graphic designers will then help bring the selected artwork to life! • With Clean Slate Group’s network of expert installers, we can complete projects anywhere in the world 4.4.d Packet Pg. 309 Attachment: Cabinet Beautification Overview (Art in Public Places - Cabinet Beautification Pilot Program) September 1, 2020 TO: City Council REQUESTED BY: Sherry Morton, City Clerk APPROVED BY: Robert A. Johnson, City Manager SUBJECT: Hit and Miss Western Standard Gas Engine RECOMMENDATION: That the City Council discuss the opportunity and provide direction to the City Manager: (1) Inform Ms. Abinider that the City declines the donation; or (2) Increase APPROPRIATIONS by $2,100 and AUTHORIZE the City Manager to execute an agreement with JM Research & Consulting to complete an analysis of the Secretary of the Interior’s Standards for the placement of a Hit and Miss Engine within the Fransicsco Estudillo Heritage Park. If it is found that there is no negative impact, consult with the Docents. DISCUSSION: In early July, 2020, the City was contacted by Denielle Abinider, daughter of the late Richard Hixson, a former San Jacinto Planning Commissioner, inquiring if the City would accept a donation of a historic Hit and Miss Engine (“engine”). The City Manager informed Ms. Abinider that he would seek City Council approval to accept the donation and direct him to move forward with its acceptance, placement, transport, and set up on-going maintenance if approved. The engine was a prized possession of Mr. Hixson; therefore, his family would like to preserve it in San Jacinto to commemorate their father’s history in the City. The engine was used as an irrigation pump in the Valley during the early 20th century. In consideration of the donation of the Engine, staff is exploring potential placement that would provide the public an opportunity to view it. As such, staff is considering placement at the Francisco Estudillo Heritage Park, home of the Estudillo Mansion (“Mansion”) and City Museum (“Museum”). The Mansion was constructed in 1884, and is the oldest and most significant historic building in the San Jacinto, as well as the San Jacinto Valley. The Mansion represents the continuum from California’s Spanish and Mexican periods, through American and European settlement o f the San Jacinto Valley, and the founding of the San Jacinto town site. It is listed in the National Register of Historic Places (2001). The engine that is being offered to the City is a 200 HP Western Machine Co. engine that was manufactured in 1928 in Los Angeles, CA., and was one of two that were used in Riverside to help pump water for irrigation on an agricultural farm. The engine was utilized until the late 1950’s and then placed on standby. The engines operated again in 1988 for two weeks, then were decommissioned due to the switch to electric pumps. The pictures below depict the engine at the original location, and the state of the pump now. 4.5 Packet Pg. 310 Before moving forward with the acceptance of the donation and placement, staff is requesting that the City Council authorize a study to further inform the City of potential impacts to the Mansion from the acquisition and assessment of the engine into the Museum collection, and to ensure that the placement of the engine does not have a negative impact on the historical status of the Mansion. If it is found that there is no negative impact, the next step would be to consult with the Docents. Mr. Jack Warnecke was previously approached regarding the donation and declined on behalf of the City. Staff has contacted JM Research and Consulting (“JMRC”) for a proposal to complete the analysis. JMRC has extensive experience in the City of San Jacinto. JMRC provided the research and Cultural Resource reports for the San Jacinto Downtown Specific Plan. In addition, JMRC is a sub-consultant for the Cultural Resource Report for the current General Plan 2040 Project. Jennifer Mermilliod is the Principal Architectural Historian and would act as the project consultant. The Proposal and professional resume for Mrs. Mermilliod are attached. Staff recommends the City Council discuss the opportunity and provide direction to the City Manager. FISCAL IMPACT: Pursuant to Section 3.08.070 of the San Jacinto Municipal Code – Professional Services Bidding and Contracting, projects less than $100,000 may be awarded by any alternative procedures and do not require formal bids. Given the limited scope and anticipated cost of $2,100, the city elected to solicit an informal bid. Staff is recommending the City Council increase appropriations $2,100 for the Estudillo Mansion fund – Contract Services, account #010-6500- 425.34-05. Additional costs would be incurred in the transporting of the engine, foundation pouring, set up and installation, signage, and technical assistance to be able to get the engine operational for demonstrative purposes. These additional costs are estimated at $5,000. It is assumed that on- going operation and maintenance of the engine would be an undetermined cost to the City at this point. ATTACHMENTS: Estudillo Mansion JMRC Proposal 4.5 Packet Pg. 311 JM Research and Consulting Jennifer Mermilliod, M.A. 4049 Almond Street, Suite 201 Riverside, CA 92501 Phone 951-233-6897 Email jennifer@jmrc.biz August 26, 2020 Travis Randel Planning & Community Development Director City of San Jacinto 595 S. San Jacinto Avenue San Jacinto, CA 92583 RE: PROPOSAL TO COMPLETE A SECRETARY OF THE INTERIOR’S STANDARDS ANALYSIS OF THE PLACEMENT OF A HIT AND MISS ENGINE WITHIN FRANCISCO ESTUDILLO HERITAGE PARK Dear Mr. Randel, JM Research & Consulting (JMRC) is pleased to present the following proposal to complete a Secretary of the Interior’s Standards (SOIS) Analysis for the proposed location of a Hit and Miss Engine on the grounds of the Estudillo Mansion. If this proposal is acceptable, the study will be conducted as described in the following Scope of Work. I. Understanding of the Project The City of San Jacinto (Client/City) requests a proposal from JMRC for the completion of a SOIS analysis for the proposed location of a Hit and Miss Engine on the grounds of the Estudillo Mansion (150 S. Dillan Avenue) within the Francisco Estudillo Heritage Park (695 Ash Street) located in the City of San Jacinto, Riverside County, California. The Estudillo Mansion (1884), the oldest and most significant historic building in the City and San Jacinto Valley, represents the continuum from California’s Spanish and Mexican periods, through American and European settlement of the San Jacinto Valley, and the founding of the San Jacinto townsite and is listed in the National Register (2001). The study was requested to further inform the City regarding potential impacts to the Estudillo Mansion from the acquisition and accessioning of the object into the San Jacinto Museum collection. JMRC proposes to complete the SOIS Analysis and prepare a brief memorandum report to document the study, which may be used by the City of San Jacinto to assess additional planning and environmental requirements. 4.5.a Packet Pg. 312 Attachment: Estudillo Mansion JMRC Proposal (Hit and Miss Western Standard Gas Engine) II. Project Consultant Jennifer Mermilliod, M.A., Principal Architectural Historian will act as the project consultant and will be responsible for completing the SOIS Analysis. Statement of Qualifications Ms. Mermilliod exceeds the Secretary of the Interior's Professional Qualifications Standards as a Historian and Architectural Historian based on her Master of Arts degree in history/historic preservation from the University of California, Riverside, and over 20 years of professional work in southern California. She has extensive experience in the production and management of a variety of projects, including National Register and California Register nominations; local designations; large-scale surveys; and Section 106, CEQA, and SOIS analysis. She has engaged in policy and preservation planning, served as a consultant and expert witness, and presented professionally on historic preservation and related topics. Ms. Mermilliod is fluent in regulatory compliance and proficient at applying eligibility criteria, analyzing project impacts and developing successful recommendations for design and mitigation. With project size ranging from a single property to over 2000 parcels, she works extensively throughout the region and is thoroughly familiar with the history and development of southern California, including the San Jacinto area, having completed the Cultural Resources technical studies for the San Jacinto Downtown General Plan Update (2019) and the San Jacinto Downtown Specific Plan (2017). Please see resume, attached. III. Scope of Work The following Scope of Work has been prepared for the SOIS Analysis: Task 1: Research. Previous cultural resources studies in the JMRC professional collection and the National Register nomination will be gathered and reviewed, specific to the Estudillo Mansion. Task 2: Field Survey. Field survey of the exterior accessible project area through personal visit or use of online maps, will be conducted, as needed. Task 3: SOIS Analysis. JMRC will evaluate the appropriateness of the proposed project for potential impacts to the Estudillo Mansion, by applying the SOIS (Department of the Interior Regulations 36 CFR 68). The evaluation will include each of the ten (10) Standards followed by narrative analysis. Task 4: Memo Report. A brief memorandum report to document the SOIS Analysis will be completed, which will include the SOIS analysis and recommendations. This report format will provide documentation to support the assessment of additional planning and environmental requirements by the City, if applicable. Add Services. Additional project consultation, informal or formal meeting attendance, consultation regarding historic preservation planning, or the development of specifications, means, and methods for the treatment of the historic materials and features are not included, but can be added with the approval and direction of the Client within the scope of this contract on a time and material basis at the additional hourly rate. 4.5.a Packet Pg. 313 Attachment: Estudillo Mansion JMRC Proposal (Hit and Miss Western Standard Gas Engine) IV. Project Deliverables JMRC will provide one (1) electronic copy in .pdf format of the Final Memo Report to Client to assist in project planning and to support other current or future project needs and the processing of related applications. V. Schedule for Completion Every effort will be made to complete the study in a timely manner, and work will begin immediately upon receipt of the signed proposal or written Notice to Proceed (NTP). Stipulating that no changes to the Scope of Work are requested, or indicated by the results of study tasks, the Final Report is estimated to be submitted electronically to Client within thirty (30) calendar days of the Project start date. VI. Cost Estimate The following represents a cost estimate of fees for professional services by the tasks to be completed. The Total Estimated Professional Fee will not be exceeded without prior authorization by Client. If changes to the Scope of Work are requested, or indicated by the results of study tasks, JMRC will contact Client to discuss a budget adjustment for any additional tasks or documentation required. Additional hours for Add Services, as requested and pre-authorized by Client, may be conducted under this existing proposal-contract at the billing rate of $165/hour, which would cause the Total Estimated Professional Fee to be exceeded. Tasks Fee Task 1: Research $275 Task 2: Field Survey $350 Task 3: SOIS Analysis $825 Task 4: Memo Report $650 Total Estimated Professional Fees $2100 *Pre-authorized additional Add Services may be conducted at the billing rate of $165/hour, which would exceed the Total Estimated Professional Fee. An invoice for professional fees will be submitted upon completion and submittal of the memo report, and payment will be due upon receipt. Should Client wish to terminate the contract prior to completion of the study, JMRC will cease work upon receipt of written notification and invoice for work completed to date or 75% of the total estimated professional fees, whichever is greater. Payment is contingent upon work completed and not approval of the evaluations or recommendations made. 4.5.a Packet Pg. 314 Attachment: Estudillo Mansion JMRC Proposal (Hit and Miss Western Standard Gas Engine) Please sign and date below indicating your acceptance of the terms of this proposal for the completion of the SOIS Analysis of the placement of a Hit and Miss Engine within the Francisco Estudillo Heritage Park. Consultant: JM Research & Consulting (JMRC) Client: Authorized Signature Authorized Signature Jennifer Mermilliod Print Name Print Name Principal Title Title August 26, 2020 Date Date 4.5.a Packet Pg. 315 Attachment: Estudillo Mansion JMRC Proposal (Hit and Miss Western Standard Gas Engine) Jennifer Mermilliod, M.A. JM Research & Consulting 4049 Almond Street, Suite 201 Riverside, CA 92501 951-233-6897 jennifer@jmrc.biz Statement of Qualifications & Expertise Jennifer Mermilliod, M.A., Principal Historian/Architectural Historian exceeds the Secretary of the Interior's Professional Qualifications Standards for History and Architectural History. Project Design, Entitlement & Consultation Historic Preservation Planning, Policy & Programs Regulatory Compliance – Section 106 & CEQA Cultural Resources Treatment & Management Survey, Evaluation & Context Development NR, CR & Local Registration Education UC, Riverside, M.A., History, specialization in Historic Preservation, 2001 UC, Riverside, B.A., History, 2000 Professional Experience Cultural Resources/Historic Consultant, JM Research & Consulting, since 2001 Reviewing Official under SHPO MOU, March Joint Powers Authority, since 2012 Contract Historic Preservation Senior Planner, City of Riverside, since 2016 Historic Consultant and On-film Historian, DIY Network’s Restored Show, since 2016 Selected Project Experience Preservation Planning, Policy & Programs Mission Heritage Plaza Substantial Compliance Analysis, Wakeland Housing & Development, Riverside, 2020 National Register Nomination (draft): Evergreen Cemetery, Riverside, 2020 First American Title Company, 4th & Main Apartment Project, City of Santa Ana, 2020 National Register Nomination: Bumann Ranch, Encinitas, 2020 San Jacinto General Plan Update, City of San Jacinto, 2019 Landmark Nomination: Bigelow’s Bungalow, Riverside, 2018 San Jacinto Downtown Specific Plan, City of San Jacinto, 2017 National Register Nomination: Jefferson Elementary School, Corona, 2017 Citywide Streetlight LED Conversion Project, City of Riverside, 2017 City of Riverside North Park Pergola Collapse – Salvage & Documentation Program, City of Riverside, 2017 Landmark Plaque: The Patsy O’Toole House, Riverside, 2016 Landmark Plaque: The Nielson Pool House, Riverside, 2016 Landmark Nomination and Plaque: Camp Anza Officers Club, Riverside, 2016 City of Redlands Certified Local Government Program Development, 2015 Chicago/Linden Strategic Plan, City of Riverside, 2013 National Register Nomination: Huntington Beach Public Library on Triangle Park, Huntington Beach, 2013 California Baptist University Specific Plan, Riverside, 2012 Landmark Nomination and Plaque: The Walter C. Banks Residence, Riverside, 2012 Historic District Nomination: Segment of State Route 18, Corona, 2012 Landmark Nomination and Plaque: The A.C.E. Hawthorne House and Tree, Riverside, 2012 National Register Nomination: Grand Boulevard, Corona, 2011 California Register Nomination: The Jackson Building, Riverside, 2009 Landmark Nomination and Plaque: The Jackson Building, Riverside, 2008 California Point of Historical Resources Nomination: Camarillo Ranch House, Camarillo, 2005 National Register Multiple Property Nomination: Architecture of the Arts and Crafts Movement, Pasadena, 2004 Structure of Merit Nomination: House at 3855-59 11th Street, Riverside, 2003 National Register Nomination: Camarillo Ranch House, Camarillo, 2003 CEQA Compliance Covina Bowl, Covina, 2020 La Atalaya, Altura Credit Union Member House, Riverside, 2019 Entrada, Wakeland Housing & Development, Riverside, 2019 Main Library, City of Riverside, 2018 Redlands YMCA Properties, Redlands, 2017 4.5.a Packet Pg. 316 Attachment: Estudillo Mansion JMRC Proposal (Hit and Miss Western Standard Gas Engine) Marywood Retreat Center, Orange, 2013-2017 Mission Inn La Trattoria Pergola & Wine Tasting Room, Riverside, 2016 Rhunau, Rhunau, Clark Building, Riverside, 2016 Arlington Plaza, Riverside, 2016 Mission Lofts, Riverside, 2015 Lakeside Temescal Valley Project Lake Corona, Corona, CA Harris Farm Townhomes, Riverside, 2015 Dhammakaya Retreat, Azusa, 2013 Riverside Plaza Harris’ Department Store, Riverside, 2012 Old Town Plaza, San Jacinto, 2011 Pfennighausen Ranch, Pedley, County of Riverside, 2010 March Field Historic District Garage Building #113, March Joint Powers Authority, 2009 Five Points Realignment, City of Riverside, 2008 Fox Block, City of Riverside, 2007 Section 106 & CEQA Compliance Prado Dam & Reservoir Improvement Project, Santa Ana River, 2017-present Home Front at Camp Anza - Camp Anza Officers Club, City of Riverside, 2013-2017 HRER, Colton Undergrade & C Street Crossing Seismic Retrofit Projects, City of Colton, Caltrans District 8, 2014 HPSR & FOE, University Avenue Streetscape Project, City of Riverside, Caltrans District 8, 2005 HPSR & FOE, Victoria Avenue Streetscape & Parkway Restoration Project, City of Riverside, Caltrans District 8, 2004 HPSR, Jurupa Avenue Underpass / Mountain Avenue Crossing Closure Project, City of Riverside, Caltrans District 8, 2001 Section 106 Compliance Entrada, Wakeland Housing & Development, Riverside, 2019 Mission Heritage Plaza & Civil Rights Museum, Wakeland Housing & Development, Riverside, 2017 HPSR, Inglewood Avenue Corridor Widening Project, City of Lawndale, Caltrans District 7, 2013 Van Buren Improvement Project, March Joint Powers Authority, County of Riverside, EDA, 2013 Wattstar Cinema and Education, Los Angeles, 2010 County of San Bernardino Lead Abatement Program, Highland, Redlands, & San Bernardino, 2003 4.5.a Packet Pg. 317 Attachment: Estudillo Mansion JMRC Proposal (Hit and Miss Western Standard Gas Engine)