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2021 05 12 FACFINANCIAL ADVISORY COMMISSION AGENDA 1 MAY 12, 2021 REGULAR MEETING FINANCIAL ADVISORY COMMISSION AGENDA CITY HALL COUNCIL CHAMBERS 78-495 Calle Tampico, La Quinta REGULAR MEETING ON WEDNESDAY, MAY 12, 2021 AT 4:00 P.M. ****************************** SPECIAL NOTICE Teleconferencing and Telephonic Accessibility in Effect Pursuant to Executive Orders N-25-20, N-29-20, N-33-20, N-35-20, and N-60-20 executed by the Governor of California in response to the state of emergency relating to novel coronavirus disease 2019 (COVID-19) and enabling teleconferencing accommodations by suspending or waiving specified provisions in the Ralph M. Brown Act (Government Code § 54950 et seq.), members of the Financial Advisory Commission, the City Manager, City Attorney, City Staff, and City Consultants may participate in this meeting by teleconference. Additionally, pursuant to the above-referenced executive orders, the public is not permitted to physically attend at City Hall the meeting to which this agenda applies, but any member of the public may listen or participate in the open session of this meeting as specified below. Members of the public wanting to listen to this meeting may do so by tuning-in live via https://laquinta.12milesout.com/video/live. Members of the public wanting to address the Financial Advisory Commission, either for public comment or for a specific agenda item, or both, are requested to send an email notification to the La Quinta Finance Department Management Assistant at jdelgado@LaQuintaCA.gov, and specify the following information: 1) Full Name 4) Public Comment or Agenda Item Number 2) City of Residence 5) Subject 3) Phone Number 6) Written or Verbal Comments Financial Advisory Commission agendas and staff www.laquintaca.gov FINANCIAL ADVISORY COMMISSION AGENDA 2 MAY 12, 2021 REGULAR MEETING Verbal public comments requests to speak must be emailed to the Finance Department Management Assistant no later than 3:00 p.m. on the day of the meeting; the City will facilitate the ability for a member of the public to be audible to the Financial Advisory Commission and general public for the item(s) by contacting him/her via phone and queuing him/her to speak during the discussion. Only one person at a time may speak by telephone and only after being recognized by the Financial Advisory Written public comments, received prior to the adjournment of the meeting, will be distributed to the Financial Advisory Commission, incorporated into the agenda packet and public record of the meeting, and will not be read during the meeting unless, upon the request of the Financial Advisory Commission Chair, a brief summary of any public comment is asked to be read, to the extent the Finance Department Management Assistant can accommodate such request. It would be appreciated that any email communications for public comments related to the items on the agenda, or for general public comment, are provided to the Finance Department Management Assistant at the email address listed above prior to the commencement of the meeting. If that is not possible, and to accommodate public comments on items that may be added to the agenda after its initial posting or items that are on the agenda, every effort will be made to attempt to review emails received by the Finance Department Management Assistant during the course of the meeting. The is taken on any agenda item to allow the Finance Department Management Assistant to review emails and share any public comments received during the meeting. All emails received by the Finance Department Management Assistant, at the email address above, until the adjournment of the meeting, will be included within the public record relating to the meeting. ****************************** CALL TO ORDER Roll Call: Commissioners: Batavick, Hoffner, Hunter, Rosen, Twohey, Way and Chair Mills PLEDGE OF ALLEGIANCE PUBLIC COMMENT At this time members of the public may address the La Quinta Financial Advisory Commission on any matter not listed on the agenda. Please email Written Public Comments to jdelgado@LaQuintaCA.gov and limit your comments to three minutes (approximately 350 words). The Commission values your comments; however, in accordance with State law, no action shall be taken on any item not appearing on the agenda unless it is an emergency item authorized by the Brown Act [Government Code Section 54954.2(b)]. CONFIRMATION OF AGENDA FINANCIAL ADVISORY COMMISSION AGENDA 3 MAY 12, 2021 REGULAR MEETING ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS 1. Dune Palms Road Bridge Highway Bridge Program Funding Constraints CONSENT CALENDAR NOTE: Consent Calendar items are routine in nature and can be approved by one motion. 1. Approve Special Meeting Minutes Dated April 7, 2021 2. Receive and File Revenue and Expenditure Report Dated March 31, 2021 3. Receive and File Third Quarter 2020-21 Treasury Reports for January, February, and March 2021 BUSINESS SESSION 1. Review and Approve the Fiscal Year 2020/21 Meeting Dates 2.Receive and File Fiscal Year 2020/21 Third Quarter Budget Report STUDY SESSION 1. Discuss fiscal Year 2021/22 Preliminary Proposed Budget DEPARTMENTAL REPORTS 1. Fourth Quarter 2020 (October-December) Sales Tax Update for the City of La Quinta 2.Recruitment for a New Finance Director Verbal Update 1. Expiration of Financial Advisory Commissioner Terms 2. Electric Vehicle Charging Stations ADJOURNMENT The La Quinta Financial Advisory Commission will hold a special meeting on June 2, 2021 commencing at 4:00 p.m. at the La Quinta Study Session Room, 78-495 Calle Tampico, La Quinta, CA 92253. DECLARATION OF POSTING I, Jessica Delgado, Management Assistant, of the City of La Quinta, do hereby declare near the entrance to the Council Chamber at 78-495 Calle Tampico, and the bulletin boards at 78-630 Highway 111, and 51-321 Avenida Bermudas, on May 7, 2021. DATED: May 7, 2021 Jessica Delgado, Management Assistant City of La Quinta, California FINANCIAL ADVISORY COMMISSION AGENDA 4 MAY 12, 2021 REGULAR MEETING Public Notices The La Quinta City Hall Council Chambers is handicapped accessible. If special equipment is -7092, twenty- four (24) hours in advance of the meeting and accommodations will be made. If special electronic equipment is needed to make presentations to the Commission, (760) 777-7092. A one (1) week notice is required. If background material is to be presented to the Commission during a Commission meeting, please be advised that eight (8) copies of all documents, exhibits, etc., must be supplied to the Management Assistant for distribution. It is requested that this take place prior to the beginning of the meeting. Any Writings or documents provided to a majority of the Commission regarding any item(s) on the agenda will be made available for public inspection at the Community Development counter at City Hall located at 78-495 Calle Tampico, La Quinta, California, 92253, during normal business hours. City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING PRSENTATION REPORT TO: Members of the Financial Advisory Commission FROM: Bryan McKinney, Public Works Director/City Engineer DATE: May 12, 2021 SUBJECT: DUNE PALMS ROAD BRIDGE - HIGHWAY BRIDGE PROGRAM (HBP) FUNDING CONSTRAINTS In November 2020, Caltrans advised that the HBP Funding Program had been oversubscribed for Federal Fiscal Years (FFY) 20/21 and 21/22 and there is no additional programming capacity for projects already in construction or ready to advertise. As a result, Caltrans HBP Managers issued the HBP Financial Constraint Order of Priorities (Attachment 1). Caltrans receives $300 million of new programming capacity each FFY for the HBP Funding Program. The programming capacity is split $100 million for Off System Bridges and $200 million for On System Bridges. The City of La Quinta receives its HBP Funding from the On System account. The HBP Financial Constraint Order of Priorities directly affects and will result in the delay of the Dune Palms Road Bridge, Project No. 2011-05 unless the City advances the construction of this project with local funds. The Dune Palms Road Bridge received HBP Funding for the Environmental/Design Phase on September 3, 2013. The project development process has been actively underway since the City Council approved the Agreement for Contract Services between the City and Bengal Engineering, Inc. for services related to the Dune Palms Road Low Water Crossing Replacement at the Coachella Valley Storm Water Channel on June 17, 2014. The project is anticipated to be shovel (construction) ready by July 2021. The City is finalizing the right of way acquisition process and expect to have all remaining issues resolved by June 30, 2021. The project schedule currently assumes the project will be advertised for construction in September or October 2021. The Project Schedule is provided for the FAC’s review (Attachment 2). PRESENTATION ITEM NO. 1 As previously discussed, the HBP Funding Program does not have or expect to have new programming capacity until after FFY 21/22. Following the September 2020 HBP Program Update, Caltrans issued the new FTIP Programming Sheet (Attachment 3) for the project. During FFY 20/21 the project was programmed to receive the remaining Right- of-Way Funds that were previously delayed during FFY 19/20 and the Construction Phase has been programmed as “Local Advance Construction” (AC) Funds. The conversion of the Local AC Funds to Federal Funds are not programmed within the current 5 Year FTIP and are shown in the “Beyond” column. By programming Local AC funding for the Construction Phase during FFY 20/21, Caltrans is acknowledging the project is “shovel ready” and has provided an opportunity for the City to begin construction during the current 5-year FTIP. Currently, the estimated “overall” cost of the Dune Palms Road Bridge is $24,189,652. These costs are separated into the following phases: Phase Estimated Cost New Bridge Federal Funding (Caltrans-HBP) Non- Participating Plus Local Share Engineering/Design $1,750,000 $1,549,275 $200,275 Right of Way $1,570,554 $1,166,825 $403,729 Construction $16,695,276 $11,241,037 $5,454,239 Const. Engineering $2,504,292 $2,217,050 $287,242 Contingency $1,669,530 $1,478,035 $191,495 Total Costs: $24,189,652 $17,652,222 $6,537,430 These costs include both participating (eligible for reimbursement) and non-participating costs. Currently, the following cost shares are anticipated: Caltrans-HBP Funding Share: $17,652,222 City of La Quinta Funding Share: $1,084,100 CVAG Funding Share: $5,395,230 CVWD Funding Share: $58,100 Total Cost: $24,189,652 The Engineering/Design and Right of Way Phases are nearing completion and are fully funded as presented above. The Construction phase which includes Construction, Construction Engineering, and Contingency is estimated at $20,869,098. The HBP Funding will ultimately contribute 88.53% or “up to” $14,936,122 toward eligible (Construction Phase) costs. This is the amount the City would be required to advance. The remaining costs or $5,932,976 is the responsibility (Local Share) of the City. Of this amount, CVAG is expected to contribute 100% of the cost for the CV Link Enhancements, $2,142,930, and 75% of the remaining Local Share, $2,842,534. The City’s non-reimbursed share of the Construction Phase would be $947,512. The project schedule assumes we will be advertising the project for construction in September or October 2021. In order for this to happen the City will need to agree to provide “at risk” advance funding using the Advance Construction Procedure outlined in Section 3.7 of the Caltrans Local Procedures Manual. Considerations for Local Advance Construction: Caltrans has only programmed other AC conversion projects during FFY 20/21. This trend is expected to continue well into the future, leaving no programming capacity for other new projects ready to advertise. Caltrans has typically programmed AC conversion to Federal Funding within 2 to 5 Federal Fiscal Years for other local agencies. HBP Programming Capacity for new projects ready to advertise will not likely be available during the remaining FTIP Process. The City has invested a considerable amount of time and money obtaining Environmental Clearance, Permits, Right of Way and Preparing the Plans and Specifications getting the project ready for construction. Delaying the project until Federal Funds become available will likely require the City to reapply and/or renew the Environmental Permits required to construct the project if and when Federal Funding becomes available. Delaying the project will also impact the CV Link improvements within La Quinta. The CV Link cannot demonstrate “logical termini” or “independent utility” without the CV Link components included as part of the Dune Palms Road Bridge Improvement. Considerations against Local Advance Construction: The City must consider the risk that Federal Funds may never become available. Construction is expected to be complete within 23 months following award. The Construction Phase is estimated to cost nearly $21 million. The City will be committed to monthly cash flow needs of approximately $900,000 per month for 23 months. Advance Funding Options to be Considered by Council: Advance Funds from: 1.City Unassigned General Funds; 2.Unassigned Measure G Funds; or 3.Capital Replacement Reserve Funds Attachments: 1. HBP Financial Constraints Order of Priorities 2. Project Schedule 3. Dune Palms Road Bridge FTIP Listing Division of Local Assistance Page 1 of 2 10/29/2020 HBP Financial Constraint Order of Priorities In order to achieve a constrained program for Federal Fiscal Years (FFY) 20/21 and 21/22, the HBP managers have made the following priorities. The demand for funding in the current fiscal year has resulted in inadequate programming capacity. Off System demand is slightly less than On System. The normal review of projects for NEPA clearance, approved PE time extensions, RW certification, and 100% PS&E was performed. HBP managers requested additional information on some projects and the answers have been taken into consideration for the funding on projects. The situation before constraining FFY 20/21 is shown below and the reason for this order of priorities. Off System - $74,910,000 programming capacity 20/21 PE & RW - $16,655,564 20/21 AC conversion for CON - $43,069,272 20/21 CON increases - $6,081,888 Leaving $9,103,277 for projects ready to advertise. On System - $197,337,000 programming capacity 20/21 PE & RW - $71,712,190 20/21 AC conversion for CON - $189,028,506 20/21 CON increases - $31,305,403 Leaving no programming capacity for projects already in construction or ready to advertise. The above analysis shows that additional steps are required to best meet current policy of a financially constrained program. The below are HBP managers’ order of priorities for the October 2020 financial constraint process. This order of priorities is applicable to the current financial constraint process only. HBP manager’s goal is to not have these additional priorities. Until programming capacity is not an issue, future years’ order of priorities is subject to change. 1. All projects without an initial PE authorization have been moved to FFY 23/24. If a local agency wants to begin one of these projects, they may utilize AC. The conversion will be programmed in FFY 23/24. The AC conversion advancement into an earlier year may occur, based upon future programming capacity. There is no guarantee on conversions prior to 23/24. 2. Bridge Inspections 3. High cost bridge projects with signed agreements will continue to have the conversion programmed in FFY 20/21 and 21/22. This is due to having signed agreements and the need to get them converted and closed. This accounts for $98,222,890 of the 20/21 On System AC conversion value above. 4. Prop 1B seismic projects are the top priority for projects with construction cost increases. 5. Prop 1B seismic projects that are ready to advertise for construction and have a signed Project Delivery Agreement. 6. Cost increases for projects in construction based upon Rank order. 7. HBP will not add AC to projects for construction in FFY 20/21, with a conversion in 21/22. ATTACHMENT 1 Division of Local Assistance Page 2 of 2 10/29/2020 8. HBP will not enter into new high cost agreements with local agencies with construction funding in FFY 20/21 or 21/22 for on system projects. HBP will consider entering into new high cost agreements for off system projects with funding in 21/22. ID Task NameDuration StartFinish229Update Plans w/ Additional CV Link Elements & IID Updates48 daysWed 9/9/20Fri 11/13/20230City Review Process20 daysMon 11/16/20Fri 12/11/20231 Update Contract Documents10 daysMon 5/17/21Fri 5/28/21232 Prepare Residential Engineer Pending File192 daysThu 4/30/20Wed 6/30/21233 CVWD Encroachment Permit30 daysTue 2/11/20Mon 3/23/20234 Phase 2B - Right of Way Acquisition902 daysMon 2/26/18Tue 8/10/21235 Environmental Permitting237 daysMon 2/26/18Tue 1/22/19239 Legal & Exhibits75 daysTue 6/12/18Mon 9/24/18240Acquisition Process624 daysTue 9/4/18Fri 1/22/21270 R/W Certification30 daysWed 6/30/21Tue 8/10/21271Asbestos Evaluation Report10 daysTue 12/17/19Mon 12/30/19272Utility Relocation Coordination842 daysFri 3/9/18Mon 5/31/21294PE Phase Expiration (Federal $) (Extension)0 daysFri 12/31/21Fri 12/31/21295 RFA Utilities (E-76)29 daysWed 7/28/21Mon 9/6/21296RFA Construction (AC) Funding Approval30 daysWed 7/28/21Tue 9/7/21297 Phase 3 - Construction 543 daysTue 9/7/21Thu 10/5/23298Caltrans AC Fund Authorization0 daysTue 9/7/21Tue 9/7/21299Bridge Construction543 daysTue 9/7/21Thu 10/5/23300Council Approval of Bid Package0 daysTue 9/7/21Tue 9/7/21301 Contract Bidding and Award49 daysThu 9/9/21Tue 11/16/21302Mobilization & Construction 23 monsFri 12/31/21Thu 10/5/23 Update Contract DocumentsPrepare Residential Engineer Pending File99% Phase 2B - Right of Way Acquisition100%Acquisition Process R/W Certification99%Utility Relocation Coordination12/31 RFA Utilities (E-76)RFA Construction (AC) Funding Approval Phase 3 - Construction 9/7Bridge Construction9/7 Contract Bidding and AwardMobilization & Construction JanFebMarAprMayJunJulAugSepOctNovDecJanFebMarApr20212022Dune Palms Bridge ProjectFederal Proj. No. BLRKS-5433(014)City Proj. No. 2011-05Print Date: Mon 5/3/21 Page 2ATTACHMENT 2ATTACHMENT 2 2018/19-2023/24 Highway Bridge Program District:County: Responsible Agency 08 Riverside Total See the appropriate FTIP/FSTIP for current funding commitments. This listing includes projects that should be individually listed in the FTIP/FSTIP. (Line item projects only) Prior 18/19 19/20 20/21 21/22 22/23 23/24 Beyond La Quinta BRIDGE NO. 00L0070, Dune Palms Road OVER the Coachella Valley Stormwater Channel (Whitewater River). Replace 3-Lane Low-Water Crossing with 4-Lane Bridge. (This project must appear in the RTP.) Fund Source Summary: PE R/W Total 1,750,000 CON Total 17,966,000 17,966,000 1,750,000 545,000 773,000 1,318,000 545,000 18,739,000 21,034,000 1,750,000 Phase Summary: Fed $ Local AC Local Match Total 200,725 1,750,000 LSSRP Bond Total 482,489 684,337 18,621,400 62,512 2,149,363 2,412,600 15,905,300 545,000 18,739,000 21,034,000 1,549,275 15,905,300 -15,905,300 BRLKS-5433(014)Fed Proj: Prior 18/19 19/20 20/21 21/22 22/23 23/24 Beyond Prior 18/19 19/20 20/21 21/22 22/23 23/24 Beyond PE Summary: Proj id Funds Src TotalPhase Phase Funding Details: Fed $ Local AC Local Match Total 200,725 1,750,000 LSSRP Bond Total 1,549,275 200,725 1,750,000 1,549,275 Prior 18/19 19/20 20/21 21/22 22/23 23/24 Beyond Prior 18/19 19/20 20/21 21/22 22/23 23/24 Beyond 4024 HBP 1,549,275PE1,549,275 Local Match 200,725200,725 Total:1,750,000Fed. Reimb. Rate:88.53%10/9/2012 Linda Newton: New eligible project. Caltrans, Division of Local Assistance Page 1211/6/2020, 7:48 AM Det2 FL4 SmlTxt ATTACHMENT 3 ATTACHMENT 3 2018/19-2023/24 Highway Bridge Program District:County: Responsible Agency 08 Riverside Total See the appropriate FTIP/FSTIP for current funding commitments. This listing includes projects that should be individually listed in the FTIP/FSTIP. (Line item projects only) Prior 18/19 19/20 20/21 21/22 22/23 23/24 Beyond R/W Summary: Proj id Funds Src TotalPhase Phase Funding Details: Fed $ Local AC Local Match Total LSSRP Bond Total 482,489 684,337 1,166,825 62,512 88,663 151,175 545,000 773,000 1,318,000 Prior 18/19 19/20 20/21 21/22 22/23 23/24 Beyond Prior 18/19 19/20 20/21 21/22 22/23 23/24 Beyond 4024 HBP -684,337 684,337R/W Local Match -88,663 88,663 Total:Fed. Reimb. Rate:88.53% New! 8/24/2020 Bobby Zezoff: LAPG 6-D approved and funds moved to 20/21 due to out of funds at approval date. 4024 HBP 684,337 684,337R/W Local Match 88,663 88,663 Total:773,000Fed. Reimb. Rate:88.53%10/9/2019 Eduardo Moreno-Castaneda: Not ready to ad within 6 months. Additional R/W funding in FFY 19/20 as submitted in September 2019 HBP Survey. 4024 HBP 482,489R/W -482,489 Local Match 62,512-62,512 Total:Fed. Reimb. Rate:88.53%10/10/2018 Eileen Crawford: Not ready to ad within 6 months. RW funds moved from FFY 17/18 to 18/19. Funds not obligated, moved to next fiscal year. 4024 HBP -482,489R/W 482,489 Local Match -62,51262,512 Total:Fed. Reimb. Rate:88.53%12/5/2019 Linda Newton: Fund line has not failed to deliver. 10/19/2018 DLA-Admin: Fund line failed to deliver. 9/15/2017 Vu Ngo: Not ready to ad within 6 months. RW funds moved from FFY 19/20 to 17/18. As requested in September 2017 Survey. 4024 HBP 482,489R/W -482,489 Local Match 62,512-62,512 Total:Fed. Reimb. Rate:88.53%10/9/2016 DLA-Admin: Not ready to ad within 6 months. RW funds moved from FFY 17/18 to 19/20. NEPA not yet clear. 4024 HBP R/W Local Match Total:Fed. Reimb. Rate:88.53%10/21/2015 DLA-Admin: Not ready to ad within 6 months. RW funds moved from FFY 16/17 to 17/18. NEPA not yet clear. 8/25/2019 DLA-Admin: Fundline zeroed out due to FTIP cycle migration: 2016/17-21/22 to 2018/19-23/24. This does not impact funds in the current FTIP cycle. Caltrans, Division of Local Assistance Page 1311/6/2020, 7:48 AM Det2 FL4 SmlTxt 2018/19-2023/24 Highway Bridge Program District:County: Responsible Agency 08 Riverside Total See the appropriate FTIP/FSTIP for current funding commitments. This listing includes projects that should be individually listed in the FTIP/FSTIP. (Line item projects only) Prior 18/19 19/20 20/21 21/22 22/23 23/24 Beyond 4024 HBP R/W Local Match Total:Fed. Reimb. Rate:88.53%10/1/2015 Albert Vergel de Dios: Not ready to ad within 6 months. RW funds moved from FFY 17/18 to 16/17. As requested in September 2015 Survey. 8/25/2019 DLA-Admin: Fundline zeroed out due to FTIP cycle migration: 2016/17-21/22 to 2018/19-23/24. This does not impact funds in the current FTIP cycle. 4024 HBP R/W Local Match Total:Fed. Reimb. Rate:88.53%3/18/2015 DLA-Admin: Not ready to ad within 6 months. RW funds moved from FFY 15/16 to 17/18. NEPA not yet clear. 8/25/2019 DLA-Admin: Fundline zeroed out due to FTIP cycle migration: 2016/17-21/22 to 2018/19-23/24. This does not impact funds in the current FTIP cycle. 4024 HBP 482,489R/W 482,489 Local Match 62,51262,512 Total:545,000Fed. Reimb. Rate:88.53%10/9/2012 Linda Newton: New eligible project. CON Summary: Proj id Funds Src TotalPhase Phase Funding Details: Fed $ Local AC Local Match Total LSSRP Bond Total 15,905,300 2,060,700 2,060,700 15,905,300 17,966,000 17,966,000 15,905,300 -15,905,300 Prior 18/19 19/20 20/21 21/22 22/23 23/24 Beyond Prior 18/19 19/20 20/21 21/22 22/23 23/24 Beyond 4024 Local AC (HBP)15,905,300CON -15,905,300 Local Match 2,060,700 -2,060,700 Total:Fed. Reimb. Rate:88.53% New! 9/23/2020 Eduardo Moreno-Castaneda: Moved AC CON funds from FFY 21/22 to 20/21 as requested in 2020 September Survey. 4024 HBP 2,435,460CON Local Match 315,540 Total:2,751,000Fed. Reimb. Rate:88.53%10/9/2019 Linda Newton: Add CON cost increase as submitted in September 2019 HBP Survey. 2,435,460 315,540 4024 Local AC (HBP)CON 15,905,300 Local Match 2,060,700 Total:Fed. Reimb. Rate:88.53%10/9/2019 Linda Newton: Add AC to CON in FFY 21/22. -15,905,300 -2,060,700 4024 HBP CON -13,469,840 Local Match -1,745,161 Total:Fed. Reimb. Rate:88.53%10/25/2018 DLA-Admin: Not ready to ad within 6 months. CON funds moved from FFY 21/22 to Beyond. Action taken to financially constrain the FTIP (PUSH). Attempt will be made to program this project in year shown. 13,469,840 1,745,161 Caltrans, Division of Local Assistance Page 1411/6/2020, 7:48 AM Det2 FL4 SmlTxt 2018/19-2023/24 Highway Bridge Program District:County: Responsible Agency 08 Riverside Total See the appropriate FTIP/FSTIP for current funding commitments. This listing includes projects that should be individually listed in the FTIP/FSTIP. (Line item projects only) Prior 18/19 19/20 20/21 21/22 22/23 23/24 Beyond 4024 HBP -13,469,840CON 13,469,840 Local Match -1,745,161 1,745,161 Total:Fed. Reimb. Rate:88.53%10/25/2018 DLA-Admin: Not ready to ad within 6 months. CON funds moved from FFY 20/21 to 21/22. Action taken to financially constrain the FTIP (PUSH). Attempt will be made to program this project in year shown. 4024 HBP -13,469,840 13,469,840CON Local Match -1,745,161 1,745,161 Total:Fed. Reimb. Rate:88.53%10/25/2018 DLA-Admin: Not ready to ad within 6 months. CON funds moved from FFY 19/20 to 20/21. Action taken to financially constrain the FTIP (PUSH). Attempt will be made to program this project in year shown. 4024 HBP 13,469,840CON Local Match 1,745,161 Total:Fed. Reimb. Rate:88.53%9/25/2018 Matt Sapp: Not ready to ad within 6 months. CON funds moved from FFY Beyond to 19/20. As requested in September 2018 Survey. -13,469,840 -1,745,161 4024 HBP CON -13,469,840 Local Match -1,745,161 Total:Fed. Reimb. Rate:88.53%10/25/2017 DLA-Admin: Not ready to ad within 6 months. CON funds moved from FFY 21/22 to Beyond. Action taken to financially constrain the FTIP (PUSH). Attempt will be made to program this project in year shown. 13,469,840 1,745,161 4024 HBP -13,469,840CON 13,469,840 Local Match -1,745,161 1,745,161 Total:Fed. Reimb. Rate:88.53%10/25/2017 DLA-Admin: Not ready to ad within 6 months. CON funds moved from FFY 20/21 to 21/22. Action taken to financially constrain the FTIP (PUSH). Attempt will be made to program this project in year shown. 4024 HBP -13,469,840 13,469,840CON Local Match -1,745,161 1,745,161 Total:Fed. Reimb. Rate:88.53%10/25/2017 DLA-Admin: Not ready to ad within 6 months. CON funds moved from FFY 19/20 to 20/21. Action taken to financially constrain the FTIP (PUSH). Attempt will be made to program this project in year shown. 4024 HBP 13,469,840CON Local Match 1,745,161 Total:Fed. Reimb. Rate:88.53%9/15/2017 Vu Ngo: Not ready to ad within 6 months. CON funds moved from FFY Beyond to 19/20. As requested in September 2017 Survey. -13,469,840 -1,745,161 4024 HBP -13,469,840CON Local Match -1,745,161 Total:Fed. Reimb. Rate:88.53%10/25/2016 DLA-Admin: Not ready to ad within 6 months. CON funds moved from FFY 19/20 to Beyond. Action taken to financially constrain the FTIP (PUSH). Attempt will be made to program this project in year shown. 13,469,840 1,745,161 4024 HBP 13,469,840CON Local Match 1,745,161 Total:Fed. Reimb. Rate:88.53%9/20/2016 Albert Vergel de Dios: Not ready to ad within 6 months. CON funds moved from FFY Beyond to 19/20. As requested in September 2016 Survey. -13,469,840 -1,745,161 Caltrans, Division of Local Assistance Page 1511/6/2020, 7:48 AM Det2 FL4 SmlTxt 2018/19-2023/24 Highway Bridge Program District:County: Responsible Agency 08 Riverside Total See the appropriate FTIP/FSTIP for current funding commitments. This listing includes projects that should be individually listed in the FTIP/FSTIP. (Line item projects only) Prior 18/19 19/20 20/21 21/22 22/23 23/24 Beyond 4024 HBP -13,469,840CON Local Match -1,745,161 Total:Fed. Reimb. Rate:88.53%10/29/2015 DLA-Admin: Not ready to ad within 6 months. CON funds moved from FFY 19/20 to Beyond. Action taken to financially constrain the FTIP (PUSH). Attempt will be made to program this project in year shown. 13,469,840 1,745,161 4024 HBP -13,469,840 13,469,840CON Local Match -1,745,161 1,745,161 Total:Fed. Reimb. Rate:88.53%10/29/2015 DLA-Admin: Not ready to ad within 6 months. CON funds moved from FFY 18/19 to 19/20. Action taken to financially constrain the FTIP (PUSH). Attempt will be made to program this project in year shown. 4024 HBP 13,469,840CON-13,469,840 Local Match 1,745,161-1,745,161 Total:Fed. Reimb. Rate:88.53%10/29/2015 DLA-Admin: Not ready to ad within 6 months. CON funds moved from FFY 17/18 to 18/19. Action taken to financially constrain the FTIP (PUSH). Attempt will be made to program this project in year shown. 4024 HBP CON 13,469,840 Local Match 1,745,161 Total:Fed. Reimb. Rate:88.53%10/1/2015 Albert Vergel de Dios: Not ready to ad within 6 months. CON funds moved from FFY Beyond to 17/18. As requested in September 2015 Survey. -13,469,840 -1,745,161 4024 HBP CON -13,469,840 Local Match -1,745,161 Total:Fed. Reimb. Rate:88.53%10/28/2014 DLA-Admin: Not ready to ad within 6 months. CON funds moved from FFY 17/18 to Beyond. Action taken to financially constrain the FTIP (PUSH). Attempt will be made to program this project in year shown. 13,469,840 1,745,161 4024 HBP CON 13,469,840 Local Match 1,745,161 Total:Fed. Reimb. Rate:88.53%9/3/2014 Albert Vergel de Dios: Not ready to ad within 6 months. CON funds moved from FFY Beyond to 17/18 per September Survey. -13,469,840 -1,745,161 4024 HBP 13,469,840CON Local Match 1,745,161 Total:15,215,000Fed. Reimb. Rate:88.53%10/9/2012 Linda Newton: New eligible project. 13,469,840 1,745,161 Caltrans, Division of Local Assistance Page 1611/6/2020, 7:48 AM Det2 FL4 SmlTxt FINANCIAL ADVISORY COMMISSION MINUTES 1 APRIL 7, 2021 SPECIAL MEETING FINANCIAL ADVISORY COMMISSION SPECIAL MEETING MINUTES WEDNESDAY, APRIL 7, 2021 CALL TO ORDER A special meeting of the Financial Advisory Commission (Commission) was called to order at 4:00 p.m. by Chairperson Mills. This meeting was held by teleconference pursuant to Executive orders N -25- 20, N-29-20, N-33-20, N-35-20, and N-60-20, executed by the Governor of California in response to the state of emergency relating to novel coronavirus disease 2019 (COVID-19) and enabling teleconferencing accommodations by suspending or waiving specified provisions of the Ralph M. Brown Act (Government Code § 54950 et seq.). PRESENT: Commissioners Batavick, Hoffner, Hunter, Rosen, Twohey, Way, and Chairperson Mills ABSENT: None STAFF PRESENT: Financial Services Analyst Hallick, Accounting Manager Martinez, Management Assistant Delgado, City Manager McMillen, and City Attorney Ihrke. PLEDGE OF ALLEGIANCE Commissioner Batavick led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None CONFIRMATION OF AGENDA Commissioner Mills requested the following items be placed on the agenda for discussion under Commissioners’ Items: •Update on recruitment process for a new Finance Director •Status of SilverRock •Status of Highway 111 Corridor •Follow-up on State Regulations for Electric Vehicle (EV) charging Stations •City’s Issuance Notice of Default to SilverRock Development Company, LLC The Commission concurred. CONSENT CALENDAR ITEM NO. 1 FINANCIAL ADVISORY COMMISSION MINUTES 2 APRIL 7, 2021 SPECIAL MEETING ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS –None CONSENT CALENDAR ITEMS 1.APPROVE SPECIAL MEETING MINUTES DATED FEBRUARY 24, 2021 2.RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED JANUARY 31, 2021 3.RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED FEBRUARY 28, 2020 4.APPROVE MINOR REVISIONS TO CASH MANAGEMENT POLICY Motion – A motion was made and seconded by Commissioners Hoffner/Rosen to approve the Consent Calendar, as submitted. Motion passed unanimously. BUSINESS SESSION 1.APPROVE FISCAL YEAR 2021/22 INVESTMENT POLICY (Policy) Financial Services Analyst Hallick presented the staff report, which is on file in the Finance Department. The Commission and staff discussed the review process for authorized financial dealers and institutions listed in the Policy. Commissioner Hunter suggested adding a link to state codes referenced in the Policy. Motion – A motion was made and seconded by Commissioners Twohey/Hoffner to approve the fiscal year 2021/22 Investment Policy as submitted, and to add a link to state code references. Motion passed unanimously. 2.RECOMMEND OUTSTANDING PENSION OBLIGATION FUNDING OPTIONS Financial Services Analyst Hallick presented the staff report, which is on file in the Finance Department. Staff commended Commissioners Way and Twohey for assisting with the review process on the subcommittee. The Commission and staff discussed liability funding, recommended options, process for submitting options to Council for consideration, and schedule of plan’s amortizations bases, included as Exhibit B to the staff report. FINANCIAL ADVISORY COMMISSION MINUTES 3 APRIL 7, 2021 SPECIAL MEETING Motion – A motion was made and seconded by Commissioners Way/Hoffner to recommend outstanding pension obligation funding options for Council consideration, as submitted. Motion passed unanimously STUDY SESSION – None DEPARTMENTAL REPORTS 1.SHORT-TERM VACATION RENTAL (STVR) COMMITTEE RECOMMENDATIONS The Commission and staff discussed fee study completed by ClearSource Financial Consulting, STVR permit fees, current and anticipated recovery cost, and consequences for those operating without a valid STVR permit. 2.FINANCIAL ADVISORY COMMISSION SUBCOMMITTEES – VERBAL UPDATE Financial Services Analyst Hallick provided a verbal status update on the past, current, and pending Commission subcommittees. COMMISSIONERS’ ITEMS Commissioner Mills provided an updated on staff response from an email sent on Wednesday, March 31st for the following items: Update on recruitment process for a new Finance Director – No formal update is available; Financial Services Analyst Hallick and Accounting Manager Martinez are covering the increased job responsibilities until the vacancy is filled; an interim director will be appointed while the recruitment is ongoing. Staff added that an interim Finance Director can not be officially appointed until after the final employment day of the City’s current Finance Director, which is on April 15th, and mentioned that there has not been an official job posting. Status of SilverRock – An update may be presented at a Council meeting in April. Status of Highway 111 Corridor (Corridor) – An update was provided under Departmental Reports at the Council meeting on April 6, 2021. Commissioner Mills mentioned that the City’s website contains recordings of Council meetings if anyone is interested in viewing. Staff also mentioned that Planning Manager Flores could attend a future Commission meeting to provide an update on the current funding for the Corridor. FINANCIAL ADVISORY COMMISSION MINUTES 4 APRIL 7, 2021 SPECIAL MEETING Follow-up on State Regulations for Electric Vehicle (EV) Charging Stations – Commissioner Mills asked if staff could send the Commission the state regulations on EV charging stations discussed in the special Commission meeting held on February 24, 2021. Staff said that they would forward state regulations to the Commission. Commissioner Mills and staff discussed process for conveying Commission recommendations to the Planning Commission. Commissioner Mills also requested that staff forward the link to the Update on Economics training workshop that Finance Director Romero and Commissioner Way attended as discussed at the Commission special meeting on February 24, 2021. Staff said they would locate the workshop link and forward it to the Commission. City’s Issuance Notice of Default to SilverRock Development Company, LLC – Staff mentioned that the notice was issued as of April 7, 2021, that there is a time period of curing this default, and a study session with Council should be presented on the default at a future meeting. The Commission and staff also discussed how commissioners can be notified on future City news releases. Staff mentioned the process for receiving quail mail, a form of City news updates, and said they would sign up Commissioners currently not receiving quail mail from the City. 1. FINANCIAL ADVISORY COMMISSIONER TO STANDBY AT CITY COUNCIL MEETINGS Chairman Mills suggested that the Commissioners rotate to be present at future council meetings if in fact a matter or questions should arise by Council on items reviewed by the Commission. He said he would email Council suggesting this idea. The Commission concurred. 2. FAREWELL TO FINANCE DIRECTOR KARLA ROMERO The Commission expressed their gratitude and thanked Finance Director Romero for her dedicated service to the City and knowledge shared with the Commission. They wished her the best of luck in her future endeavors. ADJOURNMENT There being no further business, it was moved and seconded by Commissioners Twohey/Way to adjourn this meeting at 5:32 p.m. Motion passed unanimously. Respectfully submitted, Jessica Delgado, Management Assistant City of La Quinta, California City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: May 12, 2021 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED March 31, 2021 RECOMMENDATION Receive and file revenue and expenditure report dated March 31, 2021. EXECUTIVE SUMMARY •The report summarizes the City’s period and year-to-date (YTD) revenues and expenditures for March 2021 (Attachment 1). •These reports are also reviewed by the City Council. FISCAL IMPACT – None BACKGROUND/ANALYSIS Below is a summary of the column headers used on the Revenue and Expenditure Summary Reports: Original Total Budget – represents revenue and expenditure budgets the Council adopted in June 2020 for fiscal year 2020/21. Current Total Budget – represents original adopted budgets plus any Council approved budget amendments from throughout the year. The 2019/20 operating and Capital Improvement Project carryovers to 2020/21 have been added to the current budget. Period Activity – represents actual revenues received and expenditures outlaid in the reporting month. Fiscal Activity – represents actual revenues received and expenditures outlaid YTD. Variance Favorable/(Unfavorable) - represents the dollar difference between YTD collections/expenditures and the current budgeted amount. Percent Used – represents the percentage activity as compared to budget YTD. CONSENT CALENDAR ITEM NO. 2 The revenue report includes revenues and transfers into funds from other funds (income items). Revenues are not received uniformly throughout the year, resulting in peaks and valleys. For example, large property tax payments are usually received in December and May. Similarly, Redevelopment Property Tax Trust Fund payments are typically received in January and June. Any timing imbalance of revenue receipts versus expenditures is funded from the City’s cash flow reserve. The expenditure report includes expenditures and transfers out to other funds. Unlike revenues, expenditures are more likely to be consistent from month to month. However, large debt service payments or CIP expenditures can cause swings. Prepared by: Rosemary Hallick, Financial Services Analyst Approved by: Claudia Martinez, Interim Finance Director Attachment: 1. Revenue and Expenditure Report for March 31, 2021 MTD YTD YTD Percent of Budget General Fund 4,769,523$ 33,707,642$ 58.43% All Funds 7,492,325$ 68,251,817$ 39.26% MTD YTD YTD Percent of Budget General Fund 6,689,436$ 26,709,649$ 40.30% Payroll - General Fund 683,036$ 6,836,175$ 66.00% All Funds 12,898,143$ 78,366,092$ 41.98% March Expenditures March Revenues General Fund Non-General Fund Fire Service Credit - Quarter 1 1,439,672$ SilverRock Greens Fees 577,957$ Measure G Sales Tax 1,034,072$ Technology Support Internal Service Fund (2)423,875$ Sales Tax 865,620$ County Sales Tax (Measure A)316,513$ Transient Occupancy (Hotel) Tax 811,093$ CVAG Capital Improvement Program (CIP) Funding(1)235,141$ Document Transfer Tax 100,208$ Insurance Internal Service Fund (2)231,875$ General Fund Non-General Fund Sheriff Contract (Nov.-Feb.)3,393,660$ Debt Service Payments- Successor Agency Bonds(4)4,038,388$ Fire Service and Ladder Truck - Quarter 1 1,439,672$ CIP - Construction(5)949,345$ Liability Insurance & Claims (3)115,000$ SilverRock Maintenance 121,109$ Marketing and Tourism Promotions 50,935$ CIP - Technical(5)87,395$ TOT Resort Rebate Program 50,000$ CIP - Professional Services (5)87,288$ Park Equipment Maintenance 50,000$ (5) CIP Construction, Technical and Professional Services: Work on multiple CIP projects including, but not limited to, SilverRock Way, SilverRock Event Space, landscape improvements, Village Complete Streets, Washington and Fred Waring triple left lanes, Monroe Street paving, and the XPark. Top Five Revenue/Income Sources for March Top Five Expenditures/Outlays for March (1) CVAG CIP Funding: Represents the Coachella Valley Association of Governments' (CVAG) contribution towards the Dune Palms Road improvement capital project. (2) Internal Service Funds are used to account for activities involved in rendering services to departments within the City; quarterly journal entries move revenue into these funds. (3) These charges in the General Fund represent quarterly contributions to the Insurance Internal Service Fund. (4)Interest and principal payments for redevelopment bonds, funded by dedicated Redevelopment Property Tax Trust Fund (RPTTF) revenue. For Fiscal: 2020/21 Period Ending: 03/31/2021 5/4/2021 Page 1 of 3 Revenue Summary Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 33,707,6424,769,52350,726,100 57,685,534 -23,977,892 58.43 % 201 - GAS TAX FUND 1,166,523176,4261,778,400 1,791,800 -625,277 65.10 % 202 - LIBRARY & MUSEUM FUND 671,8363122,808,500 2,807,200 -2,135,364 23.93 % 203 - PUBLIC SAFETY FUND (MEASURE G)2,411010,000 342,000 -339,589 0.71 % 210 - FEDERAL ASSISTANCE FUND 460141,900 147,472 -147,426 0.03 % 212 - SLESA (COPS) FUND 98,8490101,000 101,000 -2,151 97.87 % 215 - LIGHTING & LANDSCAPING FUND 1,412,11501,877,000 1,857,100 -444,985 76.04 % 220 - QUIMBY FUND 1,365080,000 80,000 -78,635 1.71 % 221 - AB 939 - CALRECYCLE FUND 28,809076,000 76,000 -47,191 37.91 % 223 - MEASURE A FUND 1,032,699316,5131,319,000 1,519,000 -486,301 67.99 % 224 - TUMF FUND -376000 -376 0.00 % 225 - INFRASTRUCTURE FUND 390200200 -161 19.31 % 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)-11012,100 19,700 -19,711 0.06 % 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)-2,824-6,0185,000 5,000 -7,824 56.48 % 230 - CASp FUND, AB 1379 12,4061,74518,200 18,200 -5,794 68.17 % 231 - SUCCESSOR AGCY PA 1 RORF 7,276,460720,539,264 20,539,264 -13,262,804 35.43 % 235 - SO COAST AIR QUALITY FUND 13,631053,000 53,000 -39,369 25.72 % 237 - SUCCESSOR AGCY PA 1 ADMIN 10,873013,505 13,505 -2,632 80.51 % 241 - HOUSING AUTHORITY 1,586,40223,438513,300 1,901,756 -315,354 83.42 % 243 - RDA LOW-MOD HOUSING FUND 4,640035,000 35,000 -30,360 13.26 % 244 - HOUSING GRANTS (Multiple)00060,000 -60,000 0.00 % 247 - ECONOMIC DEVELOPMENT FUND 506,850040,000 649,100 -142,250 78.09 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)70,32611,545200,000 201,000 -130,674 34.99 % 250 - TRANSPORTATION DIF FUND 428,44176,171380,000 380,000 48,441 112.75 % 251 - PARKS & REC DIF FUND 187,10540,014304,000 304,000 -116,895 61.55 % 252 - CIVIC CENTER DIF FUND 112,78323,370110,000 112,000 783 100.70 % 253 - LIBRARY DEVELOPMENT DIF 34,9327,54345,000 45,000 -10,068 77.63 % 254 - COMMUNITY & CULTURAL CENTERS DIF 78,88418,16416,500 76,500 2,384 103.12 % 255 - STREET FACILITY DIF FUND 4,180017,000 2,000 2,180 209.01 % 256 - PARK FACILITY DIF FUND 33307,100 500 -167 66.54 % 257 - FIRE PROTECTION DIF 35,9327,01155,500 55,500 -19,568 64.74 % 270 - ART IN PUBLIC PLACES FUND 125,6424,362111,000 121,000 4,642 103.84 % 275 - LQ PUBLIC SAFETY OFFICER 2,09502,600 2,600 -505 80.56 % 299 - INTEREST ALLOCATION FUND 822,789179,31100 822,789 0.00 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 001,100 1,100 -1,100 0.00 % 401 - CAPITAL IMPROVEMENT PROGRAMS 11,681,299235,14119,058,300 74,039,948 -62,358,650 15.78 % 405 - SA PA 1 CAPITAL IMPRV FUND 10,3010100,000 100,000 -89,699 10.30 % 501 - FACILITY & FLEET REPLACEMENT 660,274217,875902,500 902,500 -242,226 73.16 % 502 - INFORMATION TECHNOLOGY 1,315,235425,6271,721,500 1,747,300 -432,065 75.27 % 503 - PARK EQUIP & FACILITY FUND 157,14950,000245,000 245,000 -87,851 64.14 % 504 - INSURANCE FUND 700,042231,875928,500 928,500 -228,458 75.39 % 601 - SILVERROCK RESORT 3,241,869641,1113,882,100 4,182,100 -940,232 77.52 % 602 - SILVERROCK GOLF RESERVE 1,04304,500 4,500 -3,457 23.17 % 760 - SUPPLEMENTAL PENSION PLAN 5,15806,500 6,500 -1,342 79.35 % 761 - CERBT OPEB TRUST 220,6231,66460,000 75,000 145,623 294.16 % 762 - PARS PENSION TRUST 824,99939,595300,000 600,000 224,999 137.50 % Report Total:7,492,325 68,251,817108,606,169 173,834,379 -105,582,562 39.26 % Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report published annually in December, is the best resource for all final audited numbers. ATTACHMENT 1 For Fiscal: 2020/21 Period Ending: 03/31/2021 5/4/2021 Page 2 of 3 Expenditure Summary Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 26,709,6496,689,43647,911,600 66,283,597 39,573,948 40.30 % 201 - GAS TAX FUND 786,357130,6191,775,300 2,288,769 1,502,412 34.36 % 202 - LIBRARY & MUSEUM FUND 1,018,76951,2711,715,100 2,318,100 1,299,331 43.95 % 203 - PUBLIC SAFETY FUND (MEASURE G)7,71601,000,000 1,372,296 1,364,580 0.56 % 210 - FEDERAL ASSISTANCE FUND 00141,900 321,339 321,339 0.00 % 212 - SLESA (COPS) FUND 67,56141,728100,000 100,000 32,439 67.56 % 215 - LIGHTING & LANDSCAPING FUND 1,329,883200,5161,876,600 2,126,600 796,717 62.54 % 220 - QUIMBY FUND 491,275002,781,625 2,290,350 17.66 % 221 - AB 939 - CALRECYCLE FUND 2,175275100,000 250,000 247,825 0.87 % 223 - MEASURE A FUND 185,09001,263,900 2,455,084 2,269,994 7.54 % 225 - INFRASTRUCTURE FUND 00022,618 22,618 0.00 % 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)19,629012,000 19,600 -29 100.15 % 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)005,000 5,000 5,000 0.00 % 230 - CASp FUND, AB 1379 2,37804,400 4,400 2,022 54.05 % 231 - SUCCESSOR AGCY PA 1 RORF 17,374,7284,038,3888,405,468 8,405,468 -8,969,260 206.71 % 235 - SO COAST AIR QUALITY FUND 25,83227142,200 48,900 23,068 52.83 % 237 - SUCCESSOR AGCY PA 1 ADMIN 9,750013,505 13,505 3,755 72.20 % 241 - HOUSING AUTHORITY 777,37383,599822,300 1,270,062 492,689 61.21 % 243 - RDA LOW-MOD HOUSING FUND 00250,000 300,000 300,000 0.00 % 244 - HOUSING GRANTS (Multiple)26,77712,636060,000 33,223 44.63 % 247 - ECONOMIC DEVELOPMENT FUND 1,463,432010,000 1,630,500 167,068 89.75 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)6,116,79606,185,000 6,185,000 68,204 98.90 % 250 - TRANSPORTATION DIF FUND 743,05601,293,000 1,957,670 1,214,614 37.96 % 251 - PARKS & REC DIF FUND 959,71300959,713 0 100.00 % 253 - LIBRARY DEVELOPMENT DIF 8,298030,000 30,000 21,702 27.66 % 254 - COMMUNITY & CULTURAL CENTERS DIF 000101,639 101,639 0.00 % 256 - PARK FACILITY DIF FUND 0005,600 5,600 0.00 % 270 - ART IN PUBLIC PLACES FUND 51,9020110,000 725,700 673,798 7.15 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 001,100 1,100 1,100 0.00 % 401 - CAPITAL IMPROVEMENT PROGRAMS 12,719,2071,186,64219,058,300 70,505,842 57,786,635 18.04 % 405 - SA PA 1 CAPITAL IMPRV FUND 2,647,939005,539,155 2,891,216 47.80 % 501 - FACILITY & FLEET REPLACEMENT 320,10450,183902,500 1,144,464 824,359 27.97 % 502 - INFORMATION TECHNOLOGY 881,44450,8451,684,200 1,924,200 1,042,756 45.81 % 503 - PARK EQUIP & FACILITY FUND 132,63612,263595,000 682,986 550,350 19.42 % 504 - INSURANCE FUND 869,733502827,500 904,500 34,767 96.16 % 601 - SILVERROCK RESORT 2,559,932343,6173,881,500 3,881,500 1,321,568 65.95 % 760 - SUPPLEMENTAL PENSION PLAN 12,833012,850 12,850 17 99.87 % 761 - CERBT OPEB TRUST 1,2334561,500 1,500 267 82.17 % 762 - PARS PENSION TRUST 42,8914,89652,000 52,000 9,109 82.48 % Report Total:12,898,143 78,366,092100,083,723 186,692,882 108,326,790 41.98 % Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report published annually in December, is the best resource for all final audited numbers. Fund #Name Notes 101 General Fund The primary fund of the City used to account for all revenue and expenditures of the City; a broad range of municipal activities are provided through this fund. 201 Gas Tax Fund Gasoline sales tax allocations received from the State which are restricted to street-related expenditures. 202 Library and Museum Fund Revenues from property taxes and related expenditures for library and museum services. 203 Public Safety Fund General Fund Measure G sales tax revenue set aside for public safety expenditures. 210 Federal Assistance Fund Community Development Block Grant (CDBG) received from the federal government and the expenditures of those resources. 212 SLESF (COPS) Fund Supplemental Law Enforcement Services Funds (SLESF) received from the State for law enforcement activities. Also known as Citizen's Option for Public Safety (COPS). 215 Lighting & Landscaping Fund Special assessments levied on real property for city-wide lighting and landscape maintenance/improvements and the expenditures of those resources. 220 Quimby Fund Developer fees received under the provisions of the Quimby Act for park development and improvements. 221 AB939 Fund/Cal Recycle Franchise fees collected from the city waste hauler that are used to reduce waste sent to landfills through recycling efforts. Assembly Bill (AB) 939. 223 Measure A Fund County sales tax allocations which are restricted to street-related expenditures. 224 TUMF Fund Developer-paid Transportation Uniform Mitigation Fees (TUMF) utilized for traffic projects in Riverside County. 225 Infrastructure Fund Developer fees for the acquisition, construction or improvement of the City’s infrastructure as defined by Resolution 226 Emergency Mgmt. Performance Grant (EMPG)Federal Emergency Management Agency (FEMA) grant for emergency preparedness. 227 State Homeland Security Programs (SHSP)Federal Emergency Management Agency (FEMA) grant for emergency preparedness. 230 CASP Fund, AB1379 / SB1186 Certified Access Specialist (CASp) program fees for ADA Accessibility Improvements; derived from Business License renewals. Assembly Bill (AB) 1379 and Senate Bill (SB) 1186. 231 Successor Agency PA 1 RORF Fund Successor Agency (SA) Project Area (PA) 1 Redevelopment Obligation Retirement Fund (RORF) for Redevelopment Property Tax Trust Fund (RPTTF) taxes received for debt service payments on recognized obligations of the former Redevelopment Agency (RDA). 235 SO Coast Air Quality Fund (AB2766, PM10)Contributions from the South Coast Air Quality Management District. Uses are limited to the reduction and control of airborne pollutants. Assembly Bill (AB) 2766. 237 Successor Agency PA 1 Admin Fund Successor Agency (SA) Project Area (PA) 1 for administration of the Recognized Obligation Payment Schedule (ROPS) associated with the former Redevelopment Agency (RDA). 241 Housing Authority Activities of the Housing Authority which is to promote and provide quality affordable housing. 243 RDA Low-Moderate Housing Fund Activities of the Housing Authority which is to promote and provide quality affordable housing. Accounts for RDA loan repayments (20% for Housing) and housing programs,. 244 Housing Grants Activites related Local Early Action Planning (LEAP) and SB2 grants for housing planning and development. 247 Economic Development Fund Proceeds from sale of City-owned land; transferred from General Fund for future economic development. 249 SA 2011 Low/Mod Bond Fund Successor Agency (SA) low/moderate housing fund; 2011 bonds refinanced in 2016. 250 Transportation DIF Fund Developer impact fees collected for specific public improvements - transportation related. 251 Parks & Rec. DIF Fund Developer impact fees collected for specific public improvements - parks and recreation. 252 Civic Center DIF Fund Developer impact fees collected for specific public improvements - Civic Center. 253 Library Development DIF Fund Developer impact fees collected for specific public improvements - library. 254 Community Center DIF Fund Developer impact fees collected for specific public improvements - community center. 255 Street Facility DIF Fund Developer impact fees collected for specific public improvements - streets. 256 Park Facility DIF Fund Developer impact fees collected for specific public improvements - parks. 257 Fire Protection DIF Fund Developer impact fees collected for specific public improvements - fire protection. 270 Art In Public Places Fund Developer fees collected in lieu of art placement; utilized for acquisition, installation and maintenance of public artworks. 275 LQ Public Safety Officer Fund Annual transfer in from General Fund; distributed to public safety officers disabled or killed in the line of duty. 299 Interest Allocation Fund Interest earned on investments. 310 LQ Finance Authority Debt Service Fund Accounted for the debt service the Financing Authority’s outstanding debt and any related reporting requirements. This bond was fully paid in October 2018. 401 Capital Improvement Program Fund Planning, design, and construction of various capital projects throughout the City. 405 SA PA 1 Capital Improvement Fund Successor Agency (SA) Project Area (PA) 1 bond proceeds restricted by the bond indenture covenants. Used for SilverRock infrastructure improvements. 501 Equipment Replacement Fund Internal Service Fund for vehicles, heavy equipment, and related facilities. 502 Information Technology Fund Internal Service Fund for computer hardware and software and phone systems. 503 Park Equipment & Facility Fund Internal Service Fund for park equipment and facilities. 504 Insurance Fund Internal Service Fund for city-wide insurance coverages. 601 SilverRock Resort Fund Enterprise Fund for activities of the city-owned golf course. 602 SilverRock Golf Reserve Fund Enterprise Fund for golf course reserves for capital improvements. 760 Supplemental Pension Plan (PARS Account)Supplemental pension savings plan for excess retiree benefits to general employees of the City. 761 Other Post Benefit Obligation Trust (OPEB)For retiree medical benefits and unfunded liabilities. 762 Pension Trust Benefit (PARS Account)For all pension-related benefits and unfunded liabilities. Fund Descriptions 3 of 3 City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: May 12, 2021 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE THIRD QUARTER 2020-21 TREASURY REPORTS FOR JANUARY, FEBRUARY, AND MARCH 2021 RECOMMENDATION Receive and file the third quarter fiscal year 2020-21 Treasury Reports for January, February and March 2021. BACKGROUND/ANALYSIS Commentary and Summary of Significant Activity The total book value of the portfolio increased $8.70 million, from $149.60 million at the end of December to $158.3 million at the end of March. The increase reflects operational activity throughout the quarter. The portfolio is within policy limits for investment types and total allocation by type (see chart below), and is also within policy guidelines for investment ratings. Investment Type January February Ma rch Max Allowed Bank Accounts 7.22% 3.97% 5.13%100% Local Agency Investment Fund (LAIF) City 37.72% 38.09% 36.24% (1) Local Agency Investment Fund (LAIF) Housing 6.50% 6.46% 6.68% (1)(2) Money Market Pool Accounts-CAMP 0.52% 0.52% 0.54%20% Federal Agency Coupons 12.30% 12.52% 13.89% 100% Treasury Coupons 6.40% 6.66% 7.51% 100% Certificates of Deposit (CD's)19.96% 19.68% 20.04% 30% Corporate Notes 1.44% 1.73% 1.79% 30% Money Market with Fiscal Agent 0.00% 2.47% 0.00% (2) CERBT- OPEB Trust 1.19% 1.18% 1.22% (3) PARS Pension Trust 6.75% 6.72% 6.97% (3) Total 100% 100% 100% 1 (3) OPEB and pension trusts are fiduciary accounts and not subject to City Investment Policy (2) Funds held by fiscal agent and the LAIF Housing funds are governed by bond indentures and not subject to City Investment Policy Portfolio Allocations CONSENT CALENDAR ITEM NO. 3 The market continued to react to the political climate, economic news, and ongoing concerns around the worldwide Coronavirus pandemic; staff works continually with the City’s brokers to stay abreast of market conditions. The fiscal year annual effective rate of return is 1.01% as of March, a 6 basis point (bps) decrease since December (Q2). Throughout the quarter, seven CDs matured and five agency bonds, three treasuries, one corporate note and two CDs were purchased. In addition, a new bank account was opened for the operations of Dune Palms Mobile Estates. Maturities and purchases are listed in detail in the attached reports. Other Notes Money market funds with the fiscal agent are bond proceeds subject to bond indentures, not the City’s investment policy. Successor Agency (SA) funds cannot be invested long-term; therefore SA funds are only invested in LAIF. Looking Ahead The Treasurer follows a “buy and hold” Investment Policy, unless it is fiscally advantageous to actively trade outside of maturity dates. In the short term, the Treasurer will invest in CAMP and LAIF as needed. Longer term investments may include Government Sponsored Enterprise (agencies) securities, U.S. Treasuries, Corporate Notes, and Negotiable Certificates of Deposits. All investments recognize both immediate and long-term cash flow needs, and there is sufficient liquidity in the portfolio to meet expenditure requirements for the next six months. ALTERNATIVES - None Prepared by: Rosemary Hallick, Financial Services Analyst Approved by: Claudia Martinez, Interim Finance Director Attachment: 1. Treasurer’s Report for January 1, 2021 to March 31, 2021 Total Earnings Average Days to Maturity Effective Rate of R eturn YTD January 118,638$ 376 1.05% February 110,110$ 381 1.02% March 117,948$ 408 1.01% Quarter 1 346,696$ 388 1.03% ATTACHMENT 1ATTACHMENT 1 Days to Maturity Page 1 Par Value Book Value Maturity Date Stated RateMarket Value January 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Bank Accounts 1Bank of New York1293 1,520,427.05 1,520,427.0509/01/2020 1,520,427.05 1SYS1293 0.000 1Bank of the West1228 8,483,208.96 8,483,208.9608/20/2019 8,483,208.96 1059731851 0.000 1City Petty Cash1059 3,300.00 3,300.0007/01/2016 3,300.00 1SYS1059 0.000 1La Quinta Palms Realty1062 292,251.02 292,251.0207/01/2016 292,251.02 1SYS1062 0.000 1Stifel, Nicolaus & Company1183 0.00 0.0003/18/2019 0.00 1SYS1183 0.000 1Wells Fargo1057 1,443,499.94 1,443,499.9407/01/2016 1,443,499.94 14159282482 0.000 11,742,686.97 111,742,686.9711,742,686.978,612,447.39Subtotal and Average 1 0.000 Local Agency Investment Fund-City 1Local Agency Inv Fund1055 61,363,733.52 61,363,733.52 0.45861,700,080.72 198-33-434 0.458 61,363,733.52 161,700,080.7261,363,733.5258,485,330.16Subtotal and Average 1 0.458 Local Agency Invstmnt Fund-Housing 1Local Agency Inv Fund1113 10,569,141.10 10,569,141.10 0.45810,651,425.11 125-33-005 0.458 10,569,141.10 110,651,425.1110,569,141.1010,558,305.19Subtotal and Average 1 0.458 Money Market/Mutual Funds 1Dreyfus12940.00 0.0009/24/2020 0.00 1X9USDDTP3 0.000 0.00 00.000.00442,594.30Subtotal and Average 0 0.000 Money Market Accounts - CAMP 1California Asset Management Pr1153 853,935.17 853,935.17 0.12009/26/2018 853,935.17 1SYS1153 0.120 853,935.17 1853,935.17853,935.17853,851.35Subtotal and Average 1 0.120 Federal Agency Coupon Securities 212Federal Farm Credit Bank1105 1,000,000.00 992,200.00 09/01/20211.70011/09/2017 1,009,470.00 1,3923133EHWM1 1.913 582Federal National Mtg Assn1233 1,000,000.00 992,100.00 09/06/20221.37510/29/2019 1,020,520.00 1,0433135G0W33 1.659 605Federal Farm Credit Bank1247 1,000,000.00 999,217.36 09/29/20221.40002/05/2020 1,021,160.00 9673133EGWJ0 1.430 679Federal Farm Credit Bank1198 500,000.00 499,500.00 12/12/20221.87506/20/2019 516,165.00 1,2713133EKQP4 1.905 924Federal Farm Credit Bank1223 500,000.00 499,400.00 08/14/20231.60009/12/2019 517,800.00 1,4323133EKZK5 1.632 946Federal Farm Credit Bank1158 250,000.00 247,275.00 09/05/20232.80010/15/2018 266,810.00 1,7863133EJYL7 3.041 1,003Federal Farm Credit Bank1234 1,000,000.00 996,900.00 11/01/20231.60011/01/2019 1,038,080.00 1,4613133EK4X1 1.680 1,107Federal Home Loan Bank1177 500,000.00 498,550.00 02/13/20242.50003/01/2019 535,375.00 1,8103130AFW94 2.563 1,108Federal Farm Credit Bank1246 1,000,000.00 999,000.00 02/14/20241.43002/14/2020 1,036,130.00 1,4613133ELNE0 1.456 1,247Federal National Mtg Assn1206 500,000.00 495,950.00 07/02/20241.75007/15/2019 525,555.00 1,8143135G0V75 1.922 Portfolio CITY CP Run Date: 05/05/2021 - 21:05 PM (PRF_PM2) 7.3.0 Report Ver. 7.3.6.1 Days to Maturity Page 2 Par Value Book Value Maturity Date Stated RateMarket Value January 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Federal Agency Coupon Securities 1,271Federal Farm Credit Bank1212 500,000.00 499,500.00 07/26/20241.85008/02/2019 527,055.00 1,8203133EKWV4 1.871 1,324Federal Farm Credit Bank1224 500,000.00 498,750.00 09/17/20241.60009/17/2019 523,320.00 1,8273133EKP75 1.652 1,324Federal Farm Credit Bank1242 1,000,000.00 998,600.00 09/17/20241.70012/17/2019 1,050,240.00 1,7363133ELEA8 1.731 1,386Federal National Mtg Assn1291 500,000.00 499,250.00 11/18/20240.42011/18/2020 499,830.00 1,4613135G06E8 0.458 1,428Federal National Mtg Assn1300 500,000.00 500,000.00 12/30/20240.40012/30/2020 500,140.00 1,4613135GAAW1 0.400 1,540Federal Home Loan Mtg Corp1275 1,000,000.00 998,500.00 04/21/20250.70004/28/2020 999,080.00 1,8193134GVLC0 0.731 1,576Federal Home Loan Mtg Corp1279 1,000,000.00 1,000,000.00 05/27/20250.62505/27/2020 998,330.00 1,8263134GVYG7 0.625 1,589Federal Farm Credit Bank1280 500,000.00 499,850.00 06/09/20250.50006/09/2020 500,475.00 1,8263133ELH23 0.506 1,590Federal Farm Credit Bank1282 500,000.00 500,000.00 06/10/20250.68006/10/2020 500,155.00 1,8263133ELH80 0.680 1,593Federal Home Loan Bank1281 500,000.00 499,850.00 06/13/20250.50006/03/2020 502,010.00 1,8363130AJKW8 0.506 1,610Federal Home Loan Bank1283 300,000.00 300,000.00 06/30/20250.68006/30/2020 299,643.00 1,8263130AJRP6 0.680 1,631Federal Home Loan Mtg Corp1297 1,000,000.00 997,300.00 07/21/20250.37512/07/2020 997,580.00 1,6873137EAEU9 0.434 1,655Federal National Mtg Assn1288 500,000.00 500,000.00 08/14/20250.50008/14/2020 499,305.00 1,8263135G05S8 0.500 1,659Federal National Mtg Assn1290 500,000.00 499,750.00 08/18/20250.52008/28/2020 496,735.00 1,8163136G4M75 0.530 1,662Federal National Mtg Assn1289 1,000,000.00 1,000,000.00 08/21/20250.56008/21/2020 992,410.00 1,8263136G4N74 0.560 1,750Federal National Mtg Assn1292 500,000.00 499,250.00 11/17/20250.56011/17/2020 501,340.00 1,8263135GA2Z3 0.590 1,775Federal Home Loan Bank1298 500,000.00 497,400.00 12/12/20250.37512/07/2020 498,310.00 1,8313130AKFA9 0.480 1,786Federal National Mtg Assn1299 500,000.00 500,000.00 12/23/20250.60012/23/2020 498,940.00 1,8263135GA7D7 0.600 1,793Federal Home Loan Mtg Corp1301 500,000.00 500,000.00 12/30/20250.55012/30/2020 500,705.00 1,8263134GXGZ1 0.550 1,808Federal Home Loan Bank1302 500,000.00 500,000.00 01/14/20260.51001/14/2021 500,065.00 1,8263130AKMZ6 0.510 1,823Federal Home Loan Bank1304 500,000.00 500,000.00 01/29/20260.55001/29/2021 499,865.00 1,8263130AKN28 0.550 20,008,092.36 1,63120,372,598.0020,050,000.0019,346,802.04Subtotal and Average 1,300 1.115 Treasury Coupon Securities 119U.S. Treasury1193 500,000.00 493,610.00 05/31/20211.37505/31/2019 502,070.00 731912828R77 2.030 149U.S. Treasury1045 5,000,000.00 5,000,000.00 06/30/20211.12507/18/2016 5,020,700.00 1,808912828S27 1.125 272U.S. Treasury1070 2,000,000.00 1,942,800.00 10/31/20211.25003/27/2017 2,016,880.00 1,679912828T67 1.903 468U.S. Treasury1192 500,000.00 496,650.00 05/15/20221.75005/31/2019 510,530.00 1,080912828SV3 1.984 606U.S. Treasury1178 500,000.00 489,687.50 09/30/20221.87503/01/2019 514,570.00 1,3099128282W9 2.480 971U.S. Treasury1217 500,000.00 499,300.00 09/30/20231.37508/21/2019 516,135.00 1,501912828T26 1.410 1,398U.S. Treasury1241 1,000,000.00 989,687.50 11/30/20241.50012/16/2019 1,045,900.00 1,811912828YV6 1.718 1,794U.S. Treasury1303 500,000.00 498,632.81 12/31/20250.37501/07/2021 498,595.00 1,81991282CBC4 0.431 10,410,367.81 1,66110,625,380.0010,500,000.0010,313,858.23Subtotal and Average 444 1.455 Portfolio CITY CP Run Date: 05/05/2021 - 21:05 PM (PRF_PM2) 7.3.0 Days to Maturity Page 3 Par Value Book Value Maturity Date Stated RateMarket Value January 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 0Infinty FCU1211 248,000.00 248,000.00 02/01/20212.10007/31/2019 248,041.33 55145667EDY1 2.110 21Comenity Capital Bank1009 240,000.00 240,000.00 02/22/20211.70002/22/2016 240,255.98 1,82720033APG5 1.702 35Ally Bank Midvale1176 245,000.00 245,000.00 03/08/20212.50003/07/2019 245,620.34 73202007GHX4 2.016 43Unity Bank1120 245,000.00 245,000.00 03/16/20212.55003/16/2018 245,766.90 1,09691330ABN6 2.552 77Amex Centurion1077 240,000.00 240,000.00 04/19/20212.25004/19/2017 241,129.90 1,46102587DP85 2.252 88Towne Bank1128 240,000.00 240,000.00 04/30/20212.80004/30/2018 241,594.13 1,09689214PBL2 2.803 114PrivateBank & Trust1032 240,000.00 240,000.00 05/26/20211.50005/26/2016 241,052.17 1,82674267GVG9 1.501 126Capital One Natl Assn FDIC42971082 240,000.00 240,000.00 06/07/20212.25006/07/2017 241,787.23 1,46114042RGD7 2.252 163Central State Bank1085 240,000.00 240,000.00 07/14/20211.85007/14/2017 241,847.22 1,46115523RBJ4 1.851 196General Electric Credit Union1150 240,000.00 240,000.00 08/16/20213.10008/15/2018 243,858.25 1,097369674AV8 3.100 238New York Community Bank1226 245,000.00 245,000.00 09/27/20211.80009/27/2019 247,637.42 731649447TC3 1.802 267Northpointe Bank1127 240,000.00 240,000.00 10/26/20212.70004/26/2018 244,514.42 1,279666613GV0 2.703 289First Source Bank1168 245,000.00 245,000.00 11/17/20213.15012/17/2018 250,874.34 1,06633646CKP8 3.153 294Belmont Savings Bank1102 245,000.00 245,000.00 11/22/20212.10011/21/2017 248,857.25 1,462080515CD9 2.101 294TNB Bank1187 248,000.00 248,000.00 11/22/20212.40005/22/2019 252,517.75 91587266AAA1 2.407 323Neighbors FCU1167 245,000.00 245,000.00 12/21/20213.20012/21/2018 251,578.17 1,09664017AAQ7 3.203 324United Credit Union1214 248,000.00 248,000.00 12/22/20212.00008/22/2019 251,982.66 853910160AH3 2.003 352The Ohio Valley Bank1089 240,000.00 240,000.00 01/19/20221.90007/19/2017 243,849.70 1,645677721CN0 1.903 364Third Federal Savings and Loan1112 245,000.00 245,000.00 01/31/20222.50001/30/2018 250,479.69 1,46288413QBY3 2.502 365Discover Bank Greenwood DE CF1066 240,000.00 240,000.00 02/01/20222.25002/01/2017 244,745.69 1,8262546722U1 2.251 388BMW Bank1067 240,000.00 240,000.00 02/24/20222.20002/24/2017 244,911.52 1,82605580AGK4 2.201 392Maine Savings FCU1171 248,000.00 248,000.00 02/28/20223.30012/28/2018 256,118.47 1,158560507AK1 3.306 410Luana Savings Bank1225 245,000.00 245,000.00 03/18/20221.60009/18/2019 248,641.68 912549104JN8 1.599 422Bellco Credit Union1264 248,000.00 248,000.00 03/30/20221.30003/31/2020 250,978.11 72907833EAD9 1.300 423Cadence Bank, NA1259 245,000.00 245,000.00 03/31/20221.20003/31/2020 247,657.73 73012738RFX7 1.200 423Bank of Santa Clarita1261 248,000.00 248,000.00 03/31/20221.10003/31/2020 250,399.21 73006424KBC3 1.100 449Goldman Sachs1078 240,000.00 240,000.00 04/26/20222.40004/26/2017 246,338.26 1,82638148PJK4 2.401 452Farmers Insurance Group FCU1126 240,000.00 240,000.00 04/29/20222.80004/30/2018 247,626.51 1,46030960QAG2 2.802 470Kansas State Bank1101 245,000.00 245,000.00 05/17/20222.10011/17/2017 250,843.91 1,64250116CBE8 2.099 486Synchrony Bank Retail1080 240,000.00 240,000.00 06/02/20222.40006/02/2017 246,922.56 1,82687164XQV1 2.401 492PCSB Bank1149 245,000.00 245,000.00 06/08/20223.00006/08/2018 254,175.15 1,46169324MAD7 3.002 493Synovus Bank1253 245,000.00 245,000.00 06/09/20221.60003/09/2020 249,474.36 82287164DRD4 1.602 497Allegiance Bank1143 245,000.00 245,000.00 06/13/20223.10006/13/2018 254,601.24 1,46101748DBE5 3.102 505Sallie Mae Bank Salt Lake CIty1083 240,000.00 240,000.00 06/21/20222.35006/21/2017 247,022.26 1,826795450A70 2.351 512America's Credit Union1200 248,000.00 248,000.00 06/28/20222.30006/28/2019 255,183.68 1,09603065AAL7 2.302 553Traditions Bank1148 245,000.00 245,000.00 08/08/20223.00006/08/2018 255,384.52 1,52289269CBX9 3.002 Portfolio CITY CP Run Date: 05/05/2021 - 21:05 PM (PRF_PM2) 7.3.0 Days to Maturity Page 4 Par Value Book Value Maturity Date Stated RateMarket Value January 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 568CIT Bank NA1219 245,000.00 245,000.00 08/23/20221.90008/23/2019 251,394.92 1,09612556LBA3 1.902 574American Express Fed Savings B1096 240,000.00 240,000.00 08/29/20222.40008/29/2017 248,287.54 1,82602587CFU9 2.402 574Sterling Bank1201 245,000.00 245,000.00 08/29/20222.15006/28/2019 252,481.00 1,15885916VDC6 2.153 619Alliance Credit Union1095 245,000.00 245,000.00 10/13/20222.25010/13/2017 253,528.41 1,82601859BAA3 2.251 631Barclays Bank1097 240,000.00 240,000.00 10/25/20222.30010/25/2017 248,725.98 1,82606740KLJ4 2.291 634Merrick Bank1163 248,000.00 248,000.00 10/28/20223.25010/30/2018 261,224.22 1,45959013J4K2 3.252 645Mountain America Federal CU1099 245,000.00 245,000.00 11/08/20222.30011/08/2017 254,153.80 1,82662384RAC0 2.301 655CrossFirst Bank1106 245,000.00 245,000.00 11/18/20222.20011/20/2017 253,847.92 1,82422766ACB9 2.201 665Enterprise Bank, NA1107 245,000.00 245,000.00 11/28/20222.15011/28/2017 253,755.30 1,82629367QCP1 2.151 674Medallion Bank1169 248,000.00 248,000.00 12/07/20223.40012/07/2018 262,846.79 1,46158404DCX7 3.402 674Red Rocks Credit Union1166 248,000.00 248,000.00 12/07/20223.35012/07/2018 262,614.08 1,46175701LAB3 3.352 696Knoxville TVA Credit Union1110 245,000.00 245,000.00 12/29/20222.40012/29/2017 255,444.41 1,826499724AB8 2.401 697Kern FCU1239 248,000.00 248,000.00 12/30/20221.90012/30/2019 256,235.02 1,09649228XAK6 1.902 697San Francisco FCU1240 248,000.00 248,000.00 12/30/20221.85012/30/2019 255,994.37 1,09679772FAC0 1.852 728Wells Fargo Natl Bank West1244 248,000.00 248,000.00 01/30/20231.90001/29/2020 256,568.32 1,097949495AT2 1.900 750Servisfirst Bank1254 248,000.00 248,000.00 02/21/20231.60002/21/2020 255,304.29 1,09681768PAF3 1.601 757Verus Bank of Commerce1180 248,000.00 248,000.00 02/28/20232.70002/28/2019 261,119.24 1,46192535LCD4 2.700 779Aneca Federal Credit Union1119 245,000.00 245,000.00 03/22/20232.80003/22/2018 258,827.16 1,826034577AH9 2.802 788Northstar Bank1263 248,000.00 248,000.00 03/31/20231.15003/31/2020 253,126.40 1,09566704MEQ0 1.150 788West Michigan Cmnty Bk1265 248,000.00 248,000.00 03/31/20231.15003/31/2020 253,126.40 1,095954444BS3 1.150 799Citibank NA1123 245,000.00 245,000.00 04/11/20232.90004/11/2018 259,690.43 1,82617312QJ26 2.902 816Congressional Bank1189 248,000.00 248,000.00 04/28/20232.50004/30/2019 260,940.25 1,45920726ABA5 2.502 816EnerBank USA1125 240,000.00 240,000.00 04/28/20232.95004/30/2018 254,974.01 1,82429278TAY6 2.952 823First National Bank1179 248,000.00 248,000.00 05/05/20232.80003/05/2019 262,718.47 1,52232117BCX4 2.802 833University of Iowa Comm. CU1134 240,000.00 240,000.00 05/15/20233.05005/14/2018 255,805.57 1,82791435LAG2 3.052 856Pittsfield Cooperative Bank1194 245,000.00 245,000.00 06/07/20232.50006/07/2019 258,328.27 1,461725404AB3 2.502 869Morton Community1173 248,000.00 248,000.00 06/20/20232.75003/20/2019 263,199.42 1,553619165JD6 2.753 869RCB Bank1144 245,000.00 245,000.00 06/20/20233.15006/20/2018 262,383.00 1,82674934YAH4 3.152 875American First CU1285 248,000.00 248,000.00 06/26/20230.35006/26/2020 248,826.41 1,09502616AAH2 0.350 898American National Bank1205 248,000.00 248,000.00 07/19/20232.00007/19/2019 259,023.20 1,46102772JBD1 2.001 899First National Bank of America1147 245,000.00 245,000.00 07/20/20233.15007/20/2018 262,941.33 1,82632110YLK9 3.152 910Bank of New England1151 249,000.00 249,000.00 07/31/20233.25007/31/2018 268,007.15 1,82606426KAN8 3.252 933Raymond James Bank1218 244,000.00 244,000.00 08/23/20231.95008/23/2019 254,905.08 1,46175472RAD3 1.951 970Triad Bank1262 248,000.00 248,000.00 09/29/20231.35003/30/2020 255,435.73 1,27889579NCD3 1.352 988Marlin Business Bank1155 248,000.00 248,000.00 10/17/20233.30010/17/2018 268,840.60 1,82657116ARV2 3.302 988Municipal Trust and Savings1160 245,000.00 245,000.00 10/17/20233.20010/17/2018 264,916.33 1,826625925AR3 3.202 Portfolio CITY CP Run Date: 05/05/2021 - 21:05 PM (PRF_PM2) 7.3.0 Days to Maturity Page 5 Par Value Book Value Maturity Date Stated RateMarket Value January 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 988UBS Bank USA1161 245,000.00 245,000.00 10/17/20233.35010/17/2018 265,924.58 1,82690348JEJ5 3.352 990Jefferson Financial CU1154 245,000.00 245,000.00 10/19/20233.35010/19/2018 265,955.57 1,826474067AQ8 3.352 1,017Commercial Bank1162 248,000.00 248,000.00 11/15/20233.40011/15/2018 270,104.71 1,82620143PDV9 3.402 1,030Numerica Credit Union1164 248,000.00 248,000.00 11/28/20233.55011/28/2018 271,449.09 1,82667054NAN3 3.552 1,053National Cooperative Bank, N.A1170 245,000.00 245,000.00 12/21/20233.40012/21/2018 267,548.03 1,826635573AL2 3.402 1,061Bar Harbor Bank and Trust1172 248,000.00 248,000.00 12/29/20233.35012/31/2018 270,597.96 1,824066851WJ1 3.352 1,092Lakeside Bank1208 248,000.00 248,000.00 01/29/20242.00007/30/2019 261,064.49 1,64451210SQU4 2.003 1,106Rollstone B&T1251 245,000.00 245,000.00 02/12/20241.65002/12/2020 255,434.27 1,46177579ADF0 1.651 1,107Northwest Bank1181 248,000.00 248,000.00 02/13/20242.95002/13/2019 268,477.10 1,82666736ABP3 2.951 1,121Wells Fargo1174 248,000.00 248,000.00 02/27/20243.00002/27/2019 269,119.88 1,826949763XY7 3.001 1,151Texas Bank Financial1260 245,000.00 245,000.00 03/28/20241.10003/31/2020 251,477.76 1,458882213AB7 1.101 1,169The Jefferson Bank1272 248,000.00 248,000.00 04/15/20241.25004/15/2020 255,778.72 1,461472382AQ3 1.251 1,170Belmont Bank and Trust1270 248,000.00 248,000.00 04/16/20241.25004/16/2020 255,785.33 1,46108016PDQ9 1.251 1,170Pacific Western Bank1269 245,000.00 245,000.00 04/16/20241.30004/16/2020 253,083.29 1,46169506YRH4 1.301 1,180Main Street Bank1188 248,000.00 248,000.00 04/26/20242.60004/26/2019 266,801.18 1,82756065GAG3 2.603 1,199First Service Bank1231 248,000.00 248,000.00 05/15/20241.70011/15/2019 259,592.34 1,64333640VDD7 1.701 1,200JP Morgan Chase1185 245,000.00 245,000.00 05/16/20243.25005/16/2019 269,082.05 1,82748128HXU7 3.254 1,207Iowa State Bank1186 245,000.00 245,000.00 05/23/20242.40005/23/2019 262,252.08 1,82746256YAZ2 2.403 1,212Live Oak Bank1238 248,000.00 248,000.00 05/28/20241.80011/27/2019 260,549.88 1,644538036GV0 1.802 1,213Century Next Bank1184 248,000.00 248,000.00 05/29/20242.50005/29/2019 266,307.83 1,827156634AK3 2.503 1,222Plains Commerce Bank1195 245,000.00 245,000.00 06/07/20242.55006/07/2019 263,621.77 1,82772651LCL6 2.553 1,227Evansville Teachers Credit FCU1196 248,000.00 248,000.00 06/12/20242.60006/12/2019 267,360.36 1,827299547AQ2 2.603 1,234Legacy Bank1197 248,000.00 248,000.00 06/19/20242.40006/19/2019 265,774.72 1,827524661CB9 2.403 1,236Citizens State Bank1199 248,000.00 248,000.00 06/21/20242.40006/21/2019 265,803.31 1,827176688CP2 2.403 1,243Communitywide FCU1202 248,000.00 248,000.00 06/28/20242.25006/28/2019 264,622.74 1,82720416TAQ5 2.253 1,243Revere Bank1203 247,000.00 247,000.00 06/28/20242.30006/28/2019 263,969.70 1,827761402BY1 2.303 1,271Abacus Federal Savings1207 248,000.00 248,000.00 07/26/20241.95007/26/2019 262,276.89 1,82700257TBD7 1.952 1,275First Security Bank of WA1209 248,000.00 248,000.00 07/30/20242.00007/30/2019 262,569.79 1,82733625CCP2 2.002 1,276People's Bank1210 248,000.00 248,000.00 07/31/20242.00007/31/2019 262,581.12 1,827710571DS6 2.002 1,292Preferred Bank1213 249,000.00 249,000.00 08/16/20242.00008/16/2019 263,922.88 1,827740367HP5 2.002 1,299FirsTier Bank1216 249,000.00 249,000.00 08/23/20241.95008/23/2019 263,555.49 1,82733766LAJ7 1.952 1,299Washington Federal1215 248,000.00 248,000.00 08/23/20242.00008/23/2019 262,942.82 1,827938828BH2 2.002 1,306First State Bk DeQueen1222 248,000.00 248,000.00 08/30/20241.80008/30/2019 261,027.50 1,827336460CX6 1.802 1,306First Natl Bk of Syracuse1221 249,000.00 249,000.00 08/30/20241.85008/30/2019 262,529.82 1,827334342CD2 1.852 1,306Celtic Bank1220 248,000.00 248,000.00 08/30/20241.85008/30/2019 261,475.49 1,82715118RRH2 1.852 1,334BankWest Inc1227 248,000.00 248,000.00 09/27/20241.70009/27/2019 260,492.61 1,82706652CHB0 1.702 Portfolio CITY CP Run Date: 05/05/2021 - 21:05 PM (PRF_PM2) 7.3.0 Days to Maturity Page 6 Par Value Book Value Maturity Date Stated RateMarket Value January 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 1,362Southern Bancorp Bk1286 248,000.00 248,000.00 10/25/20240.50006/26/2020 249,438.44 1,58284223QAN7 0.500 1,375Sauk Valley B&T Co1235 248,000.00 248,000.00 11/07/20241.70011/07/2019 260,670.00 1,827804375DL4 1.702 1,388Morgan Stanley Bank1237 245,000.00 245,000.00 11/20/20241.95011/20/2019 259,972.30 1,82761690UNX4 1.952 1,388Morgan Stanley Private Bk, NA1236 245,000.00 245,000.00 11/20/20241.90011/20/2019 259,502.65 1,82761760A3B3 1.902 1,428Bank Princeton1287 248,000.00 248,000.00 12/30/20240.50006/30/2020 249,095.45 1,644064520BG3 0.500 1,467United Community1249 248,000.00 248,000.00 02/07/20251.65002/07/2020 260,677.07 1,82790983WBT7 1.652 1,474First National Bank Michigan1250 248,000.00 248,000.00 02/14/20251.65002/14/2020 260,736.95 1,82732114VBT3 1.652 1,474Freedom Financial1248 248,000.00 248,000.00 02/14/20251.55002/14/2020 259,727.68 1,82735637RDC8 1.552 1,481American State1255 248,000.00 248,000.00 02/21/20251.60002/21/2020 260,289.83 1,827029728BC5 1.602 1,487Citadel FCU1252 248,000.00 248,000.00 02/27/20251.65002/27/2020 260,848.18 1,82717286TAG0 1.652 1,501Access Bank1256 248,000.00 248,000.00 03/13/20251.60003/13/2020 260,327.67 1,82600435JBH5 1.601 1,508Spring Bank1257 248,000.00 248,000.00 03/20/20251.50003/20/2020 259,352.52 1,826849430BF9 1.501 1,514Axos Bank1258 248,000.00 248,000.00 03/26/20251.65003/26/2020 260,951.40 1,82605465DAE8 1.651 1,516Alma Bank1267 248,000.00 248,000.00 03/28/20251.40003/30/2020 258,374.67 1,824020080BX4 1.399 1,519Commonwealth Business Bk1268 248,000.00 248,000.00 03/31/20251.25003/31/2020 256,581.83 1,8262027506M2 1.251 1,519Nicolet Natl Bank1266 248,000.00 248,000.00 03/31/20251.40003/31/2020 258,140.27 1,826654062JZ2 1.401 1,527Capital One USA FDIC339541271 245,000.00 245,000.00 04/08/20251.60004/08/2020 257,249.08 1,82614042TDD6 1.601 1,547First Natl Bk McGregor1274 248,000.00 248,000.00 04/28/20251.35004/28/2020 257,925.73 1,82632112UDR9 1.351 1,548First Freedom Bank1273 249,000.00 249,000.00 04/29/20251.20004/29/2020 257,247.69 1,82632027BAL1 1.201 1,549Flagstar1276248,000.00 248,000.00 04/30/20251.25004/30/2020 256,611.64 1,82633847E3A3 1.251 1,5611st Internet Bank1278 248,000.00 248,000.00 05/12/20251.00005/11/2020 254,148.04 1,82732056GDJ6 0.985 1,562Western State Bank1277 245,000.00 245,000.00 05/13/20251.00005/13/2020 251,071.68 1,82695960NKD8 1.001 1,604Chippewa Valley Bk1284 248,000.00 248,000.00 06/24/20250.60006/24/2020 249,797.67 1,826169894AS1 0.600 1,816Landmark Community Bank1305 248,000.00 248,000.00 01/22/20260.50001/22/2021 247,777.41 1,82651507LCC6 0.500 32,464,000.00 1,57533,841,239.5332,464,000.0032,674,806.45Subtotal and Average 897 2.142 Corporate Notes 184Apple Inc1079 500,000.00 493,050.00 08/04/20211.55006/12/2017 502,990.00 1,514037833CC2 1.900 370Proctor and Gamble1159 500,000.00 487,950.00 02/06/20222.30010/15/2018 510,535.00 1,210742718DY2 3.071 682Wal-Mart Stores, Inc1190 500,000.00 496,650.00 12/15/20222.35004/16/2019 519,000.00 1,339931142DU4 2.799 730Colgate-Palmolive1175 500,000.00 485,250.00 02/01/20231.95003/04/2019 516,605.00 1,43019416QEA4 2.751 918Microsoft Corporation1157 400,000.00 378,360.00 08/08/20232.00010/15/2018 416,068.00 1,758594918BQ6 3.222 2,341,260.00 1,4362,465,198.002,400,000.002,341,260.00Subtotal and Average 560 2.725 Portfolio CITY CP Run Date: 05/05/2021 - 21:05 PM (PRF_PM2) 7.3.0 Days to Maturity Page 7 Par Value Book Value Maturity Date Stated RateMarket Value January 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Money Market with Fiscal Agent 1US Bank1058 29.27 29.2707/01/2016 29.27 1SYS1058 0.000 29.27 129.2729.2729.27Subtotal and Average 1 0.000 CERBT - OPEB Trust 1CalPERS CERBT Plan1114 1,933,023.17 1,933,023.1707/01/2020 1,933,023.17 1SYS1114 0.000 1,933,023.17 11,933,023.171,933,023.171,933,023.17Subtotal and Average 1 0.000 PARS Pension Trust 1Pblc Agncy Rtrmnt Serv1230 10,983,733.30 10,983,733.3007/01/2020 10,983,733.30 1SYS1230 0.000 10,983,733.30 110,983,733.3010,983,733.3011,023,696.90Subtotal and Average 1 0.000 643156,586,004.46 162,860,282.50 376 0.900165,169,329.24 162,670,002.67Total and Average Portfolio CITY CP Run Date: 05/05/2021 - 21:05 PM (PRF_PM2) 7.3.0 City of La Quinta Total Earnings City of La Quinta - Sorted by Fund - Fund January 1, 2021 - January 31, 2021 Current Rate Ending Par Value Ending Fund Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted InterestAnnualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 1,000,000.0012891,000,000.00 0.560FNMA 466.67 0.00 466.670.5491011,000,000.003136G4N74 0.00 500,000.001288500,000.00 0.500FNMA 208.33 0.00 208.330.491101500,000.003135G05S8 0.00 499,750.001290500,000.00 0.520FNMA 216.66 0.00 216.660.510101499,750.003136G4M75 0.00 499,250.001292500,000.00 0.560FNMA 233.34 0.00 233.340.550101499,250.003135GA2Z3 0.00 499,250.001291500,000.00 0.420FNMA 175.00 0.00 175.000.413101499,250.003135G06E8 0.00 500,000.001300500,000.00 0.400FNMA 166.66 0.00 166.660.392101500,000.003135GAAW1 0.00 500,000.001299500,000.00 0.600FNMA 250.00 0.00 250.000.589101500,000.003135GA7D7 0.00 992,100.0012331,000,000.00 1.375FNMA 1,145.83 0.00 1,145.831.360101992,100.003135G0W33 0.00 495,950.001206500,000.00 1.750FNMA 729.17 0.00 729.171.731101495,950.003135G0V75 0.00 500,000.001301500,000.00 0.550FHLMC 229.17 0.00 229.170.540101500,000.003134GXGZ1 0.00 997,300.0012971,000,000.00 0.375FHLMC 312.51 0.00 312.510.369101997,300.003137EAEU9 0.00 1,000,000.0012791,000,000.00 0.625FHLMC 520.83 0.00 520.830.6131011,000,000.003134GVYG7 0.00 998,500.0012751,000,000.00 0.700FHLMC 583.33 0.00 583.330.688101998,500.003134GVLC0 0.00 992,200.0011051,000,000.00 1.700FFCB 1,416.66 0.00 1,416.661.681101992,200.003133EHWM1 0.00 499,500.001198500,000.00 1.875FFCB 781.25 0.00 781.251.842101499,500.003133EKQP4 0.00 247,275.001158250,000.00 2.800FFCB 583.33 0.00 583.332.778101247,275.003133EJYL7 0.00 499,500.001212500,000.00 1.850FFCB 770.83 0.00 770.831.817101499,500.003133EKWV4 0.00 996,900.0012341,000,000.00 1.600FFCB 1,333.33 0.00 1,333.331.575101996,900.003133EK4X1 0.00 499,400.001223500,000.00 1.600FFCB 666.67 0.00 666.671.572101499,400.003133EKZK5 0.00 498,750.001224500,000.00 1.600FFCB 666.67 0.00 666.671.574101498,750.003133EKP75 0.00 998,600.0012421,000,000.00 1.700FFCB 1,416.67 0.00 1,416.671.670101998,600.003133ELEA8 0.00 500,000.001282500,000.00 0.680FFCB 283.34 0.00 283.340.667101500,000.003133ELH80 0.00 999,000.0012461,000,000.00 1.430FFCB 1,191.67 0.00 1,191.671.404101999,000.003133ELNE0 0.00 499,850.001280500,000.00 0.500FFCB 208.33 0.00 208.330.491101499,850.003133ELH23 0.00 999,217.3612471,000,000.00 1.400FFCB 1,166.66 0.00 1,166.661.375101999,217.363133EGWJ0 0.00 499,850.001281500,000.00 0.500FHLB 208.33 0.00 208.330.491101499,850.003130AJKW8 0.00 500,000.001302500,000.00 0.510FHLB 120.42 0.00 120.420.4881010.003130AKMZ6 0.00 498,550.001177500,000.00 2.500FHLB 1,041.66 0.00 1,041.662.460101498,550.003130AFW94 0.00 500,000.001304500,000.00 0.550FHLB 15.28 0.00 15.280.3721010.003130AKN28 0.00 497,400.001298500,000.00 0.375FHLB 156.25 0.00 156.250.370101497,400.003130AKFA9 0.00 Portfolio CITY CP Run Date: 05/05/2021 - 21:18 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 2 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest January 1, 2021 - January 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 300,000.001283300,000.00 0.680FHLB 170.00 0.00 170.000.667101300,000.003130AJRP6 0.00 496,650.001192500,000.00 1.750USTR 749.31 0.00 749.311.776101496,650.00912828SV3 0.00 1,942,800.0010702,000,000.00 1.250USTR 2,140.88 0.00 2,140.881.2971011,942,800.00912828T67 0.00 499,300.001217500,000.00 1.375USTR 585.51 0.00 585.511.381101499,300.00912828T26 0.00 5,000,000.0010455,000,000.00 1.125USTR 4,816.99 0.00 4,816.991.1341015,000,000.00912828S27 0.00 493,610.001193500,000.00 1.375USTR 585.50 0.00 585.501.397101493,610.00912828R77 0.00 489,687.501178500,000.00 1.875USTR 798.42 0.00 798.421.920101489,687.509128282W9 0.00 498,632.811303500,000.00 0.375USTR 129.49 0.00 129.490.3791010.0091282CBC4 0.00 989,687.5012411,000,000.00 1.500USTR 1,277.47 0.00 1,277.471.520101989,687.50912828YV6 0.00 248,000.001174248,000.00 3.000WELLS 631.89 0.00 631.893.000101248,000.00949763XY7 0.00 1,443,499.9410571,443,499.94WELLS 0.01 0.00 0.011011,098,081.674159282482 0.00 240,000.001078240,000.00 2.400GLDMAN 489.20 0.00 489.202.400101240,000.0038148PJK4 0.00 240,000.001077240,000.00 2.250AMEX 458.63 0.00 458.632.250101240,000.0002587DP85 0.00 240,000.001067240,000.00 2.200BMW 448.44 0.00 448.442.200101240,000.0005580AGK4 0.00 248,000.001169248,000.00 3.400MEDBA 716.14 0.00 716.143.400101248,000.0058404DCX7 0.00 240,000.001097240,000.00 2.300BARCLY 468.83 0.00 468.832.300101240,000.0006740KLJ4 0.00 245,000.001112245,000.00 2.5003RD 520.20 0.00 520.202.500101245,000.0088413QBY3 0.00 248,000.001163248,000.00 3.250MRRCK 684.55 0.00 684.553.250101248,000.0059013J4K2 0.00 240,000.001128240,000.00 2.800TOWNE 570.74 0.00 570.742.800101240,000.0089214PBL2 0.00 248,000.001173248,000.00 2.750MORTN 579.23 0.00 579.232.750101248,000.00619165JD6 0.00 245,000.001271245,000.00 1.600CAPONE 332.93 0.00 332.931.600101245,000.0014042TDD6 0.00 245,000.001176245,000.00 2.500ALLY 520.20 0.00 520.202.500101245,000.0002007GHX4 0.00 240,000.001009240,000.00 1.700CCBA 346.52 0.00 346.521.700101240,000.0020033APG5 0.00 240,000.001032240,000.00 1.500PRVTBA 305.75 0.00 305.751.500101240,000.0074267GVG9 0.00 61,363,733.52105561,363,733.52 0.458LAIF 22,033.76 0.00 22,033.760.48710153,275,840.3698-33-434 0.00 1,520,427.0512931,520,427.05BNY 11.59 0.00 11.591010.00SYS1293 0.00 240,000.001066240,000.00 2.250DISCOV 458.63 0.00 458.632.250101240,000.002546722U1 0.00 493,050.001079500,000.00 1.550APPL 645.84 0.00 645.841.542101493,050.00037833CC2 0.00 240,000.001080240,000.00 2.400SYNCHR 489.21 0.00 489.212.400101240,000.0087164XQV1 0.00 240,000.001082240,000.00 2.250CAP1NA 458.63 0.00 458.632.250101240,000.0014042RGD7 0.00 240,000.001083240,000.00 2.350SALMAE 479.02 0.00 479.022.350101240,000.00795450A70 0.00 240,000.001085240,000.00 1.850CNTRL 377.10 0.00 377.101.850101240,000.0015523RBJ4 0.00 0.0010860.00 1.800BNKRS 153.86 0.00 153.861.800101240,000.0006610RAP4 0.00 240,000.001089240,000.00 1.900OHVAL 387.29 0.00 387.291.900101240,000.00677721CN0 0.00 245,000.001095245,000.00 2.250ALLIAN 468.18 0.00 468.182.250101245,000.0001859BAA3 0.00 240,000.001096240,000.00 2.400AMFSB 489.21 0.00 489.212.400101240,000.0002587CFU9 0.00 245,000.001099245,000.00 2.300MTNAMR 478.59 0.00 478.592.300101245,000.0062384RAC0 0.00 Portfolio CITY CP Run Date: 05/05/2021 - 21:18 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 3 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest January 1, 2021 - January 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 245,000.001101245,000.00 2.100KANSAS 436.97 0.00 436.972.100101245,000.0050116CBE8 0.00 245,000.001102245,000.00 2.100BELMNT 436.97 0.00 436.972.100101245,000.00080515CD9 0.00 245,000.001106245,000.00 2.200CRS1ST 457.78 0.00 457.782.200101245,000.0022766ACB9 0.00 245,000.001107245,000.00 2.150ENTRPR 447.38 0.00 447.382.150101245,000.0029367QCP1 0.00 245,000.001236245,000.00 1.900MSPRIV 395.36 0.00 395.361.900101245,000.0061760A3B3 0.00 245,000.001237245,000.00 1.950MORGST 405.76 0.00 405.761.950101245,000.0061690UNX4 0.00 245,000.001110245,000.00 2.400KNOX 499.40 0.00 499.402.400101245,000.00499724AB8 0.00 3,300.0010593,300.00CITYPC 0.00 0.00 0.001013,300.00SYS1059 0.00 1,933,023.1711141,933,023.17CALPRS 0.00 0.00 0.001011,933,023.17SYS1114 0.00 378,360.001157400,000.00 2.000MCRSFT 666.66 0.00 666.662.075101378,360.00594918BQ6 0.00 245,000.001119245,000.00 2.800ANECA 582.63 0.00 582.632.800101245,000.00034577AH9 0.00 245,000.001120245,000.00 2.550UNITY 530.61 0.00 530.612.550101245,000.0091330ABN6 0.00 245,000.001123245,000.00 2.900CITINA 603.44 0.00 603.442.900101245,000.0017312QJ26 0.00 240,000.001125240,000.00 2.950ENER 601.32 0.00 601.322.950101240,000.0029278TAY6 0.00 240,000.001126240,000.00 2.800FARMIG 570.74 0.00 570.742.800101240,000.0030960QAG2 0.00 240,000.001127240,000.00 2.700NORPNT 550.36 0.00 550.362.700101240,000.00666613GV0 0.00 240,000.001134240,000.00 3.050UOFICU 621.70 0.00 621.703.050101240,000.0091435LAG2 0.00 245,000.001226245,000.00 1.800NYCMBK 374.55 0.00 374.551.800101245,000.00649447TC3 0.00 245,000.001143245,000.00 3.100ALLGNC 645.05 0.00 645.053.100101245,000.0001748DBE5 0.00 245,000.001144245,000.00 3.150RCB 655.46 0.00 655.463.150101245,000.0074934YAH4 0.00 0.0011460.00 2.850EAGLE 382.60 0.00 382.602.850101245,000.0027002YDV5 0.00 245,000.001147245,000.00 3.1501STNBA 655.46 0.00 655.463.150101245,000.0032110YLK9 0.00 245,000.001148245,000.00 3.000TRAD 624.25 0.00 624.253.000101245,000.0089269CBX9 0.00 245,000.001149245,000.00 3.000PCSB 624.25 0.00 624.253.000101245,000.0069324MAD7 0.00 240,000.001150240,000.00 3.100GECRUN 631.89 0.00 631.893.100101240,000.00369674AV8 0.00 249,000.001151249,000.00 3.250NWENGL 687.31 0.00 687.313.250101249,000.0006426KAN8 0.00 853,935.171153853,935.17 0.120CAMP 86.61 0.00 86.610.119101853,848.56SYS1153 0.00 245,000.001154245,000.00 3.350JEFF 697.07 0.00 697.073.350101245,000.00474067AQ8 0.00 248,000.001155248,000.00 3.300MARBUS 695.08 0.00 695.083.300101248,000.0057116ARV2 0.00 487,950.001159500,000.00 2.300P&G 958.34 0.00 958.342.312101487,950.00742718DY2 0.00 245,000.001160245,000.00 3.200MUNTRS 665.86 0.00 665.863.200101245,000.00625925AR3 0.00 245,000.001161245,000.00 3.350UBS 697.08 0.00 697.083.350101245,000.0090348JEJ5 0.00 248,000.001162248,000.00 3.400COMMBK 716.14 0.00 716.143.400101248,000.0020143PDV9 0.00 248,000.001164248,000.00 3.550NMRCA 747.74 0.00 747.743.550101248,000.0067054NAN3 0.00 0.0011650.00 3.000FARMBU 366.90 0.00 366.903.000101248,000.00307660LC2 0.00 248,000.001166248,000.00 3.350REDRCK 705.61 0.00 705.613.350101248,000.0075701LAB3 0.00 245,000.001167245,000.00 3.200NEIGH 665.87 0.00 665.873.200101245,000.0064017AAQ7 0.00 Portfolio CITY CP Run Date: 05/05/2021 - 21:18 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 4 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest January 1, 2021 - January 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 245,000.001168245,000.00 3.1501STSRC 655.46 0.00 655.463.150101245,000.0033646CKP8 0.00 245,000.001170245,000.00 3.400NLCOOP 707.48 0.00 707.483.400101245,000.00635573AL2 0.00 248,000.001171248,000.00 3.300MAINE 695.08 0.00 695.083.300101248,000.00560507AK1 0.00 248,000.001172248,000.00 3.350BARHAR 705.61 0.00 705.613.350101248,000.00066851WJ1 0.00 485,250.001175500,000.00 1.950COLGTE 812.50 0.00 812.501.971101485,250.0019416QEA4 0.00 248,000.001179248,000.00 2.8001STNBK 589.76 0.00 589.762.800101248,000.0032117BCX4 0.00 248,000.001180248,000.00 2.700VERUS 568.70 0.00 568.702.700101248,000.0092535LCD4 0.00 248,000.001181248,000.00 2.950NRTHWS 621.36 0.00 621.362.950101248,000.0066736ABP3 0.00 248,000.001184248,000.00 2.500CENTNX 526.58 0.00 526.582.500101248,000.00156634AK3 0.00 245,000.001185245,000.00 3.250JPMORG 676.27 0.00 676.273.250101245,000.0048128HXU7 0.00 245,000.001186245,000.00 2.400IOWAST 499.40 0.00 499.402.400101245,000.0046256YAZ2 0.00 248,000.001187248,000.00 2.400TSCOLA 505.51 0.00 505.512.400101248,000.0087266AAA1 0.00 248,000.001188248,000.00 2.600MAINST 547.64 0.00 547.642.600101248,000.0056065GAG3 0.00 248,000.001189248,000.00 2.500CONGRS 526.58 0.00 526.582.500101248,000.0020726ABA5 0.00 496,650.001190500,000.00 2.350WALMRT 979.17 0.00 979.172.321101496,650.00931142DU4 0.00 245,000.001194245,000.00 2.500PITTS 520.21 0.00 520.212.500101245,000.00725404AB3 0.00 245,000.001195245,000.00 2.550PLAINS 530.61 0.00 530.612.550101245,000.0072651LCL6 0.00 248,000.001196248,000.00 2.600EVNSCU 547.64 0.00 547.642.600101248,000.00299547AQ2 0.00 248,000.001197248,000.00 2.400LEGCY 505.51 0.00 505.512.400101248,000.00524661CB9 0.00 248,000.001199248,000.00 2.400CTZNST 505.51 0.00 505.512.400101248,000.00176688CP2 0.00 248,000.001200248,000.00 2.300AMERCU 484.45 0.00 484.452.300101248,000.0003065AAL7 0.00 245,000.001201245,000.00 2.150STRLNG 447.37 0.00 447.372.150101245,000.0085916VDC6 0.00 248,000.001202248,000.00 2.250COMMW 473.92 0.00 473.922.250101248,000.0020416TAQ5 0.00 247,000.001203247,000.00 2.300REVER 482.49 0.00 482.492.300101247,000.00761402BY1 0.00 248,000.001205248,000.00 2.000AMRNTL 421.26 0.00 421.262.000101248,000.0002772JBD1 0.00 248,000.001207248,000.00 1.950ABACUS 410.73 0.00 410.731.950101248,000.0000257TBD7 0.00 248,000.001208248,000.00 2.000LKSIDE 421.26 0.00 421.262.000101248,000.0051210SQU4 0.00 248,000.001209248,000.00 2.0001STSEC 421.26 0.00 421.262.000101248,000.0033625CCP2 0.00 248,000.001210248,000.00 2.000PEOPLE 421.26 0.00 421.262.000101248,000.00710571DS6 0.00 248,000.001211248,000.00 2.100NFNITY 442.32 0.00 442.322.100101248,000.0045667EDY1 0.00 249,000.001213249,000.00 2.000PREFRD 422.96 0.00 422.962.000101249,000.00740367HP5 0.00 248,000.001214248,000.00 2.000UNTDCU 421.26 0.00 421.262.000101248,000.00910160AH3 0.00 248,000.001215248,000.00 2.000WSHFED 421.26 0.00 421.262.000101248,000.00938828BH2 0.00 249,000.001216249,000.00 1.9501STIER 412.38 0.00 412.381.950101249,000.0033766LAJ7 0.00 244,000.001218244,000.00 1.950RAYJAM 404.11 0.00 404.111.950101244,000.0075472RAD3 0.00 245,000.001219245,000.00 1.900CITBNK 395.35 0.00 395.351.900101245,000.0012556LBA3 0.00 248,000.001220248,000.00 1.850CELTIC 389.67 0.00 389.671.850101248,000.0015118RRH2 0.00 Portfolio CITY CP Run Date: 05/05/2021 - 21:18 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 5 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest January 1, 2021 - January 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 249,000.001221249,000.00 1.8501STNBS 391.24 0.00 391.241.850101249,000.00334342CD2 0.00 248,000.001222248,000.00 1.8001STDQN 379.13 0.00 379.131.800101248,000.00336460CX6 0.00 245,000.001225245,000.00 1.600LUANA 332.93 0.00 332.931.600101245,000.00549104JN8 0.00 8,483,208.9612288,483,208.96BOTW 0.01 0.00 0.011015,889,426.34059731851 0.00 248,000.001227248,000.00 1.700BNKWST 358.07 0.00 358.071.700101248,000.0006652CHB0 0.00 10,983,733.30123010,983,733.30PARS 0.00 0.00 0.0010111,025,029.02SYS1230 0.00 248,000.001231248,000.00 1.7001STSER 358.07 0.00 358.071.700101248,000.0033640VDD7 0.00 248,000.001235248,000.00 1.700SAUKVL 358.07 0.00 358.071.700101248,000.00804375DL4 0.00 248,000.001238248,000.00 1.800LIVEOK 379.13 0.00 379.131.800101248,000.00538036GV0 0.00 248,000.001239248,000.00 1.900KERNCU 400.20 0.00 400.201.900101248,000.0049228XAK6 0.00 248,000.001240248,000.00 1.850SF FCU 389.67 0.00 389.671.850101248,000.0079772FAC0 0.00 248,000.001244248,000.00 1.900WFNBW 400.20 0.00 400.201.900101248,000.00949495AT2 0.00 248,000.001248248,000.00 1.550FRDMFI 326.48 0.00 326.481.550101248,000.0035637RDC8 0.00 248,000.001249248,000.00 1.650UNTDCM 347.54 0.00 347.541.650101248,000.0090983WBT7 0.00 248,000.001250248,000.00 1.6501STNMI 347.54 0.00 347.541.650101248,000.0032114VBT3 0.00 245,000.001251245,000.00 1.650RLLSTN 343.33 0.00 343.331.650101245,000.0077579ADF0 0.00 248,000.001252248,000.00 1.650CITADL 347.54 0.00 347.541.650101248,000.0017286TAG0 0.00 245,000.001253245,000.00 1.600SYNOVS 332.93 0.00 332.931.600101245,000.0087164DRD4 0.00 248,000.001254248,000.00 1.600SERVIS 337.01 0.00 337.011.600101248,000.0081768PAF3 0.00 248,000.001255248,000.00 1.600AMERST 337.01 0.00 337.011.600101248,000.00029728BC5 0.00 248,000.001256248,000.00 1.600ACCSS 337.01 0.00 337.011.600101248,000.0000435JBH5 0.00 248,000.001257248,000.00 1.500SPRING 315.95 0.00 315.951.500101248,000.00849430BF9 0.00 248,000.001258248,000.00 1.650AXOS 347.54 0.00 347.541.650101248,000.0005465DAE8 0.00 245,000.001259245,000.00 1.200CADNCE 249.70 0.00 249.701.200101245,000.0012738RFX7 0.00 245,000.001260245,000.00 1.100TEXAS 228.89 0.00 228.891.100101245,000.00882213AB7 0.00 248,000.001261248,000.00 1.100SNTCLR 231.69 0.00 231.691.100101248,000.0006424KBC3 0.00 248,000.001262248,000.00 1.350TRIAD 284.35 0.00 284.351.350101248,000.0089579NCD3 0.00 248,000.001263248,000.00 1.150NRTHSR 242.22 0.00 242.221.150101248,000.0066704MEQ0 0.00 248,000.001264248,000.00 1.300BELLCO 273.82 0.00 273.821.300101248,000.0007833EAD9 0.00 248,000.001265248,000.00 1.150WESTMI 242.22 0.00 242.221.150101248,000.00954444BS3 0.00 248,000.001266248,000.00 1.400NCOLET 294.88 0.00 294.881.400101248,000.00654062JZ2 0.00 248,000.001267248,000.00 1.400ALMABK 294.88 0.00 294.881.400101248,000.00020080BX4 0.00 248,000.001268248,000.00 1.250CMWBUS 263.29 0.00 263.291.250101248,000.002027506M2 0.00 245,000.001269245,000.00 1.300PACWST 270.50 0.00 270.501.300101245,000.0069506YRH4 0.00 248,000.001270248,000.00 1.250BELB&T 263.29 0.00 263.291.250101248,000.0008016PDQ9 0.00 248,000.001272248,000.00 1.250THEJEF 263.29 0.00 263.291.250101248,000.00472382AQ3 0.00 249,000.001273249,000.00 1.2001STFDM 253.78 0.00 253.781.200101249,000.0032027BAL1 0.00 Portfolio CITY CP Run Date: 05/05/2021 - 21:18 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 6 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest January 1, 2021 - January 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 248,000.001274248,000.00 1.3501STMCG 284.35 0.00 284.351.350101248,000.0032112UDR9 0.00 248,000.001276248,000.00 1.250FLGSTR 263.28 0.00 263.281.250101248,000.0033847E3A3 0.00 245,000.001277245,000.00 1.000WSTRNS 208.09 0.00 208.091.000101245,000.0095960NKD8 0.00 248,000.001278248,000.00 1.0001STINT 210.63 0.00 210.631.000101248,000.0032056GDJ6 0.00 248,000.001284248,000.00 0.600CHIPVA 126.38 0.00 126.380.600101248,000.00169894AS1 0.00 248,000.001285248,000.00 0.350AMR1ST 73.72 0.00 73.720.350101248,000.0002616AAH2 0.00 248,000.001286248,000.00 0.500STHRNB 105.32 0.00 105.320.500101248,000.0084223QAN7 0.00 248,000.001287248,000.00 0.500BKPRNC 105.32 0.00 105.320.500101248,000.00064520BG3 0.00 0.0012940.00DREYF 0.00 0.00 0.00101490,015.12X9USDDTP3 0.00 248,000.001305248,000.00 0.500LNDMRK 30.58 0.00 30.580.5001010.0051507LCC6 0.00 151,998,861.11Subtotal 151,808,581.28 0.969 114,663.750.00114,663.75138,778,651.60 0.00 Fund: Fiscal Agent 29.27105829.27USBANK 0.01 0.00 0.010.40223129.27SYS1058 0.00 29.27Subtotal 29.27 0.402 0.010.000.0129.27 0.00 Fund: Housing Authority : WSA and LQ 292,251.021062292,251.02LQPR 0.00 0.00 0.00241279,993.58SYS1062 0.00 292,251.02Subtotal 292,251.02 0.000.000.00279,993.58 0.00 Fund: SA Low/Mod Bond Fund 10,569,141.10111310,569,141.10 0.458LAIF 3,974.09 0.00 3,974.090.44424910,545,147.2925-33-005 0.00 10,569,141.10Subtotal 10,569,141.10 0.444 3,974.090.003,974.0910,545,147.29 0.00 162,860,282.50Total 162,670,002.67 0.931 118,637.850.00118,637.85149,603,821.74 0.00 Portfolio CITY CP Run Date: 05/05/2021 - 21:18 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Days to Maturity Page 1 Par Value Book Value Maturity Date Stated RateMarket Value February 28, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Bank Accounts 1Bank of New York1293 230,041.47 230,041.4709/01/2020 230,041.47 1SYS1293 0.000 1Bank of the West1228 3,992,457.55 3,992,457.5508/20/2019 3,992,457.55 1059731851 0.000 1City Petty Cash1059 3,300.00 3,300.0007/01/2016 3,300.00 1SYS1059 0.000 1La Quinta Palms Realty1062 307,537.06 307,537.0607/01/2016 307,537.06 1SYS1062 0.000 1Stifel, Nicolaus & Company1183 0.00 0.0003/18/2019 0.00 1SYS1183 0.000 1Wells Fargo1057 1,964,162.33 1,964,162.3307/01/2016 1,964,162.33 14159282482 0.000 6,497,498.41 16,497,498.416,497,498.4111,430,137.50Subtotal and Average 1 0.000 Local Agency Investment Fund-City 1Local Agency Inv Fund1055 62,363,733.52 62,363,733.52 0.40762,700,080.72 198-33-434 0.407 62,363,733.52 162,700,080.7262,363,733.5263,292,304.95Subtotal and Average 1 0.407 Local Agency Invstmnt Fund-Housing 1Local Agency Inv Fund1113 10,569,141.10 10,569,141.10 0.40710,651,425.11 125-33-005 0.407 10,569,141.10 110,651,425.1110,569,141.1010,569,141.10Subtotal and Average 1 0.407 Money Market/Mutual Funds 1Dreyfus12940.00 0.0009/24/2020 0.00 1X9USDDTP3 0.000 0.00 00.000.000.00Subtotal and Average 0 0.000 Money Market Accounts - CAMP 1California Asset Management Pr1153 853,997.64 853,997.64 0.10009/26/2018 853,997.64 1SYS1153 0.100 853,997.64 1853,997.64853,997.64853,937.40Subtotal and Average 1 0.100 Federal Agency Coupon Securities 184Federal Farm Credit Bank1105 1,000,000.00 992,200.00 09/01/20211.70011/09/2017 1,008,240.00 1,3923133EHWM1 1.913 554Federal National Mtg Assn1233 1,000,000.00 992,100.00 09/06/20221.37510/29/2019 1,019,170.00 1,0433135G0W33 1.659 577Federal Farm Credit Bank1247 1,000,000.00 999,217.36 09/29/20221.40002/05/2020 1,019,610.00 9673133EGWJ0 1.430 651Federal Farm Credit Bank1198 500,000.00 499,500.00 12/12/20221.87506/20/2019 515,300.00 1,2713133EKQP4 1.905 896Federal Farm Credit Bank1223 500,000.00 499,400.00 08/14/20231.60009/12/2019 516,680.00 1,4323133EKZK5 1.632 918Federal Farm Credit Bank1158 250,000.00 247,275.00 09/05/20232.80010/15/2018 265,955.00 1,7863133EJYL7 3.041 975Federal Farm Credit Bank1234 1,000,000.00 996,900.00 11/01/20231.60011/01/2019 1,034,910.00 1,4613133EK4X1 1.680 1,079Federal Home Loan Bank1177 500,000.00 498,550.00 02/13/20242.50003/01/2019 531,950.00 1,8103130AFW94 2.563 1,080Federal Farm Credit Bank1246 1,000,000.00 999,000.00 02/14/20241.43002/14/2020 1,031,920.00 1,4613133ELNE0 1.456 1,219Federal National Mtg Assn1206 500,000.00 495,950.00 07/02/20241.75007/15/2019 522,335.00 1,8143135G0V75 1.922 Portfolio CITY CP Run Date: 05/05/2021 - 21:08 PM (PRF_PM2) 7.3.0 Report Ver. 7.3.6.1 Days to Maturity Page 2 Par Value Book Value Maturity Date Stated RateMarket Value February 28, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Federal Agency Coupon Securities 1,243Federal Farm Credit Bank1212 500,000.00 499,500.00 07/26/20241.85008/02/2019 523,820.00 1,8203133EKWV4 1.871 1,296Federal Farm Credit Bank1224 500,000.00 498,750.00 09/17/20241.60009/17/2019 519,880.00 1,8273133EKP75 1.652 1,296Federal Farm Credit Bank1242 1,000,000.00 998,600.00 09/17/20241.70012/17/2019 1,043,270.00 1,7363133ELEA8 1.731 1,358Federal National Mtg Assn1291 500,000.00 499,250.00 11/18/20240.42011/18/2020 497,775.00 1,4613135G06E8 0.458 1,400Federal National Mtg Assn1300 500,000.00 500,000.00 12/30/20240.40012/30/2020 498,140.00 1,4613135GAAW1 0.400 1,512Federal Home Loan Mtg Corp1275 1,000,000.00 998,500.00 04/21/20250.70004/28/2020 1,000,070.00 1,8193134GVLC0 0.731 1,548Federal Home Loan Mtg Corp1279 1,000,000.00 1,000,000.00 05/27/20250.62505/27/2020 998,910.00 1,8263134GVYG7 0.625 1,561Federal Farm Credit Bank1280 500,000.00 499,850.00 06/09/20250.50006/09/2020 496,300.00 1,8263133ELH23 0.506 1,562Federal Farm Credit Bank1282 500,000.00 500,000.00 06/10/20250.68006/10/2020 502,150.00 1,8263133ELH80 0.680 1,565Federal Home Loan Bank1281 500,000.00 499,850.00 06/13/20250.50006/03/2020 496,830.00 1,8363130AJKW8 0.506 1,582Federal Home Loan Bank1283 300,000.00 300,000.00 06/30/20250.68006/30/2020 297,198.00 1,8263130AJRP6 0.680 1,603Federal Home Loan Mtg Corp1297 1,000,000.00 997,300.00 07/21/20250.37512/07/2020 986,990.00 1,6873137EAEU9 0.434 1,627Federal National Mtg Assn1288 500,000.00 500,000.00 08/14/20250.50008/14/2020 494,455.00 1,8263135G05S8 0.500 1,631Federal National Mtg Assn1290 500,000.00 499,750.00 08/18/20250.52008/28/2020 494,850.00 1,8163136G4M75 0.530 1,634Federal National Mtg Assn1289 1,000,000.00 1,000,000.00 08/21/20250.56008/21/2020 991,390.00 1,8263136G4N74 0.560 1,667Federal Home Loan Mtg Corp1307 500,000.00 495,999.50 09/23/20250.37502/23/2021 491,160.00 1,6733137EAEX3 0.552 1,722Federal National Mtg Assn1292 500,000.00 499,250.00 11/17/20250.56011/17/2020 494,460.00 1,8263135GA2Z3 0.590 1,747Federal Home Loan Bank1298 500,000.00 497,400.00 12/12/20250.37512/07/2020 491,945.00 1,8313130AKFA9 0.480 1,758Federal National Mtg Assn1299 500,000.00 500,000.00 12/23/20250.60012/23/2020 494,720.00 1,8263135GA7D7 0.600 1,765Federal Home Loan Mtg Corp1301 500,000.00 500,000.00 12/30/20250.55012/30/2020 493,960.00 1,8263134GXGZ1 0.550 1,780Federal Home Loan Bank1302 500,000.00 500,000.00 01/14/20260.51001/14/2021 492,025.00 1,8263130AKMZ6 0.510 1,795Federal Home Loan Bank1304 500,000.00 500,000.00 01/29/20260.55001/29/2021 493,805.00 1,8263130AKN28 0.550 20,504,091.86 1,63220,760,173.0020,550,000.0020,114,377.97Subtotal and Average 1,282 1.102 Treasury Coupon Securities 91U.S. Treasury1193 500,000.00 493,610.00 05/31/20211.37505/31/2019 501,605.00 731912828R77 2.030 121U.S. Treasury1045 5,000,000.00 5,000,000.00 06/30/20211.12507/18/2016 5,017,950.00 1,808912828S27 1.125 244U.S. Treasury1070 2,000,000.00 1,942,800.00 10/31/20211.25003/27/2017 2,015,780.00 1,679912828T67 1.903 440U.S. Treasury1192 500,000.00 496,650.00 05/15/20221.75005/31/2019 509,845.00 1,080912828SV3 1.984 578U.S. Treasury1178 500,000.00 489,687.50 09/30/20221.87503/01/2019 513,670.00 1,3099128282W9 2.480 943U.S. Treasury1217 500,000.00 499,300.00 09/30/20231.37508/21/2019 514,550.00 1,501912828T26 1.410 1,370U.S. Treasury1241 1,000,000.00 989,687.50 11/30/20241.50012/16/2019 1,036,720.00 1,811912828YV6 1.718 1,766U.S. Treasury1303 500,000.00 498,632.81 12/31/20250.37501/07/2021 491,015.00 1,81991282CBC4 0.431 1,797U.S. Treasury1309 500,000.00 495,100.00 01/31/20260.37502/23/2021 490,470.00 1,80391282CBH3 0.577 10,905,467.81 1,66711,091,605.0011,000,000.0010,516,460.67Subtotal and Average 479 1.415 Portfolio CITY CP Run Date: 05/05/2021 - 21:08 PM (PRF_PM2) 7.3.0 Days to Maturity Page 3 Par Value Book Value Maturity Date Stated RateMarket Value February 28, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 7Ally Bank Midvale1176 245,000.00 245,000.00 03/08/20212.50003/07/2019 245,163.94 73202007GHX4 2.016 15Unity Bank1120 245,000.00 245,000.00 03/16/20212.55003/16/2018 245,301.33 1,09691330ABN6 2.552 49Amex Centurion1077 240,000.00 240,000.00 04/19/20212.25004/19/2017 240,748.45 1,46102587DP85 2.252 60Towne Bank1128 240,000.00 240,000.00 04/30/20212.80004/30/2018 241,116.39 1,09689214PBL2 2.803 86PrivateBank & Trust1032 240,000.00 240,000.00 05/26/20211.50005/26/2016 240,806.34 1,82674267GVG9 1.501 98Capital One Natl Assn FDIC42971082 240,000.00 240,000.00 06/07/20212.25006/07/2017 241,419.70 1,46114042RGD7 2.252 135Central State Bank1085 240,000.00 240,000.00 07/14/20211.85007/14/2017 241,544.98 1,46115523RBJ4 1.851 168General Electric Credit Union1150 240,000.00 240,000.00 08/16/20213.10008/15/2018 243,315.63 1,097369674AV8 3.100 210New York Community Bank1226 245,000.00 245,000.00 09/27/20211.80009/27/2019 247,262.54 731649447TC3 1.802 239Northpointe Bank1127 240,000.00 240,000.00 10/26/20212.70004/26/2018 243,970.08 1,279666613GV0 2.703 261First Source Bank1168 245,000.00 245,000.00 11/17/20213.15012/17/2018 250,225.38 1,06633646CKP8 3.153 266Belmont Savings Bank1102 245,000.00 245,000.00 11/22/20212.10011/21/2017 248,407.22 1,462080515CD9 2.101 266TNB Bank1187 248,000.00 248,000.00 11/22/20212.40005/22/2019 252,004.33 91587266AAA1 2.407 295Neighbors FCU1167 245,000.00 245,000.00 12/21/20213.20012/21/2018 250,972.17 1,09664017AAQ7 3.203 296United Credit Union1214 248,000.00 248,000.00 12/22/20212.00008/22/2019 251,600.49 853910160AH3 2.003 324The Ohio Valley Bank1089 240,000.00 240,000.00 01/19/20221.90007/19/2017 243,568.39 1,645677721CN0 1.903 336Third Federal Savings and Loan1112 245,000.00 245,000.00 01/31/20222.50001/30/2018 250,101.70 1,46288413QBY3 2.502 337Discover Bank Greenwood DE CF1066 240,000.00 240,000.00 02/01/20222.25002/01/2017 244,472.09 1,8262546722U1 2.251 360BMW Bank1067 240,000.00 240,000.00 02/24/20222.20002/24/2017 244,653.69 1,82605580AGK4 2.201 364Maine Savings FCU1171 248,000.00 248,000.00 02/28/20223.30012/28/2018 255,620.87 1,158560507AK1 3.306 382Luana Savings Bank1225 245,000.00 245,000.00 03/18/20221.60009/18/2019 248,440.24 912549104JN8 1.599 394Bellco Credit Union1264 248,000.00 248,000.00 03/30/20221.30003/31/2020 250,793.19 72907833EAD9 1.300 395Cadence Bank, NA1259 245,000.00 245,000.00 03/31/20221.20003/31/2020 247,494.29 73012738RFX7 1.200 395Bank of Santa Clarita1261 248,000.00 248,000.00 03/31/20221.10003/31/2020 250,252.77 73006424KBC3 1.100 421Goldman Sachs1078 240,000.00 240,000.00 04/26/20222.40004/26/2017 245,986.54 1,82638148PJK4 2.401 424Farmers Insurance Group FCU1126 240,000.00 240,000.00 04/29/20222.80004/30/2018 247,178.17 1,46030960QAG2 2.802 442Kansas State Bank1101 245,000.00 245,000.00 05/17/20222.10011/17/2017 250,510.81 1,64250116CBE8 2.099 458Synchrony Bank Retail1080 240,000.00 240,000.00 06/02/20222.40006/02/2017 246,517.38 1,82687164XQV1 2.401 464PCSB Bank1149 245,000.00 245,000.00 06/08/20223.00006/08/2018 253,647.36 1,46169324MAD7 3.002 465Synovus Bank1253 245,000.00 245,000.00 06/09/20221.60003/09/2020 249,212.48 82287164DRD4 1.602 469Allegiance Bank1143 245,000.00 245,000.00 06/13/20223.10006/13/2018 254,054.48 1,46101748DBE5 3.102 477Sallie Mae Bank Salt Lake CIty1083 240,000.00 240,000.00 06/21/20222.35006/21/2017 246,625.98 1,826795450A70 2.351 484America's Credit Union1200 248,000.00 248,000.00 06/28/20222.30006/28/2019 254,804.02 1,09603065AAL7 2.302 525Traditions Bank1148 245,000.00 245,000.00 08/08/20223.00006/08/2018 254,796.59 1,52289269CBX9 3.002 540CIT Bank NA1219 245,000.00 245,000.00 08/23/20221.90008/23/2019 251,014.65 1,09612556LBA3 1.902 546American Express Fed Savings B1096 240,000.00 240,000.00 08/29/20222.40008/29/2017 247,808.01 1,82602587CFU9 2.402 Portfolio CITY CP Run Date: 05/05/2021 - 21:08 PM (PRF_PM2) 7.3.0 Days to Maturity Page 4 Par Value Book Value Maturity Date Stated RateMarket Value February 28, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 546Sterling Bank1201 245,000.00 245,000.00 08/29/20222.15006/28/2019 252,039.09 1,15885916VDC6 2.153 591Alliance Credit Union1095 245,000.00 245,000.00 10/13/20222.25010/13/2017 253,017.56 1,82601859BAA3 2.251 603Barclays Bank1097 240,000.00 240,000.00 10/25/20222.30010/25/2017 248,213.62 1,82606740KLJ4 2.291 606Merrick Bank1163 248,000.00 248,000.00 10/28/20223.25010/30/2018 260,536.61 1,45959013J4K2 3.252 617Mountain America Federal CU1099 245,000.00 245,000.00 11/08/20222.30011/08/2017 253,596.04 1,82662384RAC0 2.301 627CrossFirst Bank1106 245,000.00 245,000.00 11/18/20222.20011/20/2017 253,306.64 1,82422766ACB9 2.201 637Enterprise Bank, NA1107 245,000.00 245,000.00 11/28/20222.15011/28/2017 253,251.90 1,82629367QCP1 2.151 646Medallion Bank1169 248,000.00 248,000.00 12/07/20223.40012/07/2018 262,027.15 1,46158404DCX7 3.402 646Red Rocks Credit Union1166 248,000.00 248,000.00 12/07/20223.35012/07/2018 261,804.14 1,46175701LAB3 3.352 668Knoxville TVA Credit Union1110 245,000.00 245,000.00 12/29/20222.40012/29/2017 254,803.46 1,826499724AB8 2.401 669Kern FCU1239 248,000.00 248,000.00 12/30/20221.90012/30/2019 255,629.18 1,09649228XAK6 1.902 669San Francisco FCU1240 248,000.00 248,000.00 12/30/20221.85012/30/2019 255,398.28 1,09679772FAC0 1.852 700Wells Fargo Natl Bank West1244 248,000.00 248,000.00 01/30/20231.90001/29/2020 255,995.01 1,097949495AT2 1.900 722Servisfirst Bank1254 248,000.00 248,000.00 02/21/20231.60002/21/2020 254,734.94 1,09681768PAF3 1.601 729Verus Bank of Commerce1180 248,000.00 248,000.00 02/28/20232.70002/28/2019 260,270.29 1,46192535LCD4 2.700 751Aneca Federal Credit Union1119 245,000.00 245,000.00 03/22/20232.80003/22/2018 258,068.76 1,826034577AH9 2.802 760Northstar Bank1263 248,000.00 248,000.00 03/31/20231.15003/31/2020 252,590.57 1,09566704MEQ0 1.150 760West Michigan Cmnty Bk1265 248,000.00 248,000.00 03/31/20231.15003/31/2020 252,590.57 1,095954444BS3 1.150 771Citibank NA1123 245,000.00 245,000.00 04/11/20232.90004/11/2018 258,857.83 1,82617312QJ26 2.902 788Congressional Bank1189 248,000.00 248,000.00 04/28/20232.50004/30/2019 260,008.35 1,45920726ABA5 2.502 788EnerBank USA1125 240,000.00 240,000.00 04/28/20232.95004/30/2018 253,986.18 1,82429278TAY6 2.952 795First National Bank1179 248,000.00 248,000.00 05/05/20232.80003/05/2019 261,842.57 1,52232117BCX4 2.802 805University of Iowa Comm. CU1134 240,000.00 240,000.00 05/15/20233.05005/14/2018 254,905.77 1,82791435LAG2 3.052 828Pittsfield Cooperative Bank1194 245,000.00 245,000.00 06/07/20232.50006/07/2019 257,452.80 1,461725404AB3 2.502 841Morton Community1173 248,000.00 248,000.00 06/20/20232.75003/20/2019 262,258.69 1,553619165JD6 2.753 841RCB Bank1144 245,000.00 245,000.00 06/20/20233.15006/20/2018 261,375.72 1,82674934YAH4 3.152 847American First CU1285 248,000.00 248,000.00 06/26/20230.35006/26/2020 248,268.36 1,09502616AAH2 0.350 870American National Bank1205 248,000.00 248,000.00 07/19/20232.00007/19/2019 258,160.93 1,46102772JBD1 2.001 871First National Bank of America1147 245,000.00 245,000.00 07/20/20233.15007/20/2018 261,863.68 1,82632110YLK9 3.152 882Bank of New England1151 249,000.00 249,000.00 07/31/20233.25007/31/2018 266,773.98 1,82606426KAN8 3.252 905Raymond James Bank1218 244,000.00 244,000.00 08/23/20231.95008/23/2019 253,989.20 1,46175472RAD3 1.951 942Triad Bank1262 248,000.00 248,000.00 09/29/20231.35003/30/2020 254,393.87 1,27889579NCD3 1.352 960Marlin Business Bank1155 248,000.00 248,000.00 10/17/20233.30010/17/2018 267,489.82 1,82657116ARV2 3.302 960Municipal Trust and Savings1160 245,000.00 245,000.00 10/17/20233.20010/17/2018 263,601.82 1,826625925AR3 3.202 960UBS Bank USA1161 245,000.00 245,000.00 10/17/20233.35010/17/2018 264,580.18 1,82690348JEJ5 3.352 962Jefferson Financial CU1154 245,000.00 245,000.00 10/19/20233.35010/19/2018 264,605.51 1,826474067AQ8 3.352 Portfolio CITY CP Run Date: 05/05/2021 - 21:08 PM (PRF_PM2) 7.3.0 Days to Maturity Page 5 Par Value Book Value Maturity Date Stated RateMarket Value February 28, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 989Commercial Bank1162 248,000.00 248,000.00 11/15/20233.40011/15/2018 268,647.55 1,82620143PDV9 3.402 1,002Numerica Credit Union1164 248,000.00 248,000.00 11/28/20233.55011/28/2018 269,733.90 1,82667054NAN3 3.552 1,025National Cooperative Bank, N.A1170 245,000.00 245,000.00 12/21/20233.40012/21/2018 266,007.49 1,826635573AL2 3.402 1,033Bar Harbor Bank and Trust1172 248,000.00 248,000.00 12/29/20233.35012/31/2018 268,870.36 1,824066851WJ1 3.352 1,064Lakeside Bank1208 248,000.00 248,000.00 01/29/20242.00007/30/2019 259,517.24 1,64451210SQU4 2.003 1,078Rollstone B&T1251 245,000.00 245,000.00 02/12/20241.65002/12/2020 254,071.90 1,46177579ADF0 1.651 1,079Northwest Bank1181 248,000.00 248,000.00 02/13/20242.95002/13/2019 266,828.55 1,82666736ABP3 2.951 1,093Wells Fargo1174 248,000.00 248,000.00 02/27/20243.00002/27/2019 267,188.34 1,826949763XY7 3.001 1,123Texas Bank Financial1260 245,000.00 245,000.00 03/28/20241.10003/31/2020 249,863.30 1,458882213AB7 1.101 1,141The Jefferson Bank1272 248,000.00 248,000.00 04/15/20241.25004/15/2020 254,329.99 1,461472382AQ3 1.251 1,142Belmont Bank and Trust1270 248,000.00 248,000.00 04/16/20241.25004/16/2020 254,335.48 1,46108016PDQ9 1.251 1,142Pacific Western Bank1269 245,000.00 245,000.00 04/16/20241.30004/16/2020 251,639.06 1,46169506YRH4 1.301 1,152Main Street Bank1188 248,000.00 248,000.00 04/26/20242.60004/26/2019 264,898.98 1,82756065GAG3 2.603 1,171First Service Bank1231 248,000.00 248,000.00 05/15/20241.70011/15/2019 257,951.79 1,64333640VDD7 1.701 1,172JP Morgan Chase1185 245,000.00 245,000.00 05/16/20243.25005/16/2019 267,130.74 1,82748128HXU7 3.254 1,179Iowa State Bank1186 245,000.00 245,000.00 05/23/20242.40005/23/2019 260,469.50 1,82746256YAZ2 2.403 1,184Live Oak Bank1238 248,000.00 248,000.00 05/28/20241.80011/27/2019 258,557.46 1,644538036GV0 1.802 1,185Century Next Bank1184 248,000.00 248,000.00 05/29/20242.50005/29/2019 264,247.07 1,827156634AK3 2.503 1,194Plains Commerce Bank1195 245,000.00 245,000.00 06/07/20242.55006/07/2019 261,715.97 1,82772651LCL6 2.553 1,199Evansville Teachers Credit FCU1196 248,000.00 248,000.00 06/12/20242.60006/12/2019 265,419.60 1,827299547AQ2 2.603 1,206Legacy Bank1197 248,000.00 248,000.00 06/19/20242.40006/19/2019 263,868.16 1,827524661CB9 2.403 1,208Citizens State Bank1199 248,000.00 248,000.00 06/21/20242.40006/21/2019 263,894.21 1,827176688CP2 2.403 1,215Communitywide FCU1202 248,000.00 248,000.00 06/28/20242.25006/28/2019 262,411.46 1,82720416TAQ5 2.253 1,215Revere Bank1203 247,000.00 247,000.00 06/28/20242.30006/28/2019 261,750.48 1,827761402BY1 2.303 1,243Abacus Federal Savings1207 248,000.00 248,000.00 07/26/20241.95007/26/2019 260,188.20 1,82700257TBD7 1.952 1,247First Security Bank of WA1209 248,000.00 248,000.00 07/30/20242.00007/30/2019 260,487.27 1,82733625CCP2 2.002 1,248People's Bank1210 248,000.00 248,000.00 07/31/20242.00007/31/2019 260,497.16 1,827710571DS6 2.002 1,264Preferred Bank1213 249,000.00 249,000.00 08/16/20242.00008/16/2019 261,875.81 1,827740367HP5 2.002 1,271FirsTier Bank1216 249,000.00 249,000.00 08/23/20241.95008/23/2019 261,509.82 1,82733766LAJ7 1.952 1,271Washington Federal1215 248,000.00 248,000.00 08/23/20242.00008/23/2019 260,894.32 1,827938828BH2 2.002 1,278First State Bk DeQueen1222 248,000.00 248,000.00 08/30/20241.80008/30/2019 258,876.40 1,827336460CX6 1.802 1,278First Natl Bk of Syracuse1221 249,000.00 249,000.00 08/30/20241.85008/30/2019 260,358.82 1,827334342CD2 1.852 1,278Celtic Bank1220 248,000.00 248,000.00 08/30/20241.85008/30/2019 259,313.20 1,82715118RRH2 1.852 1,306BankWest Inc1227 248,000.00 248,000.00 09/27/20241.70009/27/2019 258,046.12 1,82706652CHB0 1.702 1,334Southern Bancorp Bk1286 248,000.00 248,000.00 10/25/20240.50006/26/2020 247,498.73 1,58284223QAN7 0.500 1,347Sauk Valley B&T Co1235 248,000.00 248,000.00 11/07/20241.70011/07/2019 258,357.39 1,827804375DL4 1.702 Portfolio CITY CP Run Date: 05/05/2021 - 21:08 PM (PRF_PM2) 7.3.0 Days to Maturity Page 6 Par Value Book Value Maturity Date Stated RateMarket Value February 28, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 1,360Morgan Stanley Bank1237 245,000.00 245,000.00 11/20/20241.95011/20/2019 257,606.76 1,82761690UNX4 1.952 1,360Morgan Stanley Private Bk, NA1236 245,000.00 245,000.00 11/20/20241.90011/20/2019 257,148.64 1,82761760A3B3 1.902 1,400Bank Princeton1287 248,000.00 248,000.00 12/30/20240.50006/30/2020 246,749.64 1,644064520BG3 0.500 1,439United Community1249 248,000.00 248,000.00 02/07/20251.65002/07/2020 257,993.01 1,82790983WBT7 1.652 1,446First National Bank Michigan1250 248,000.00 248,000.00 02/14/20251.65002/14/2020 258,040.90 1,82732114VBT3 1.652 1,446Freedom Financial1248 248,000.00 248,000.00 02/14/20251.55002/14/2020 257,055.53 1,82735637RDC8 1.552 1,453American State1255 248,000.00 248,000.00 02/21/20251.60002/21/2020 257,593.77 1,827029728BC5 1.602 1,459Citadel FCU1252 248,000.00 248,000.00 02/27/20251.65002/27/2020 257,764.73 1,82717286TAG0 1.652 1,473Access Bank1256 248,000.00 248,000.00 03/13/20251.60003/13/2020 257,529.41 1,82600435JBH5 1.601 1,480Spring Bank1257 248,000.00 248,000.00 03/20/20251.50003/20/2020 256,566.22 1,826849430BF9 1.501 1,486Axos Bank1258 248,000.00 248,000.00 03/26/20251.65003/26/2020 257,942.60 1,82605465DAE8 1.651 1,488Alma Bank1267 248,000.00 248,000.00 03/28/20251.40003/30/2020 255,249.01 1,824020080BX4 1.399 1,491Commonwealth Business Bk1268 248,000.00 248,000.00 03/31/20251.25003/31/2020 253,741.73 1,8262027506M2 1.251 1,491Nicolet Natl Bank1266 248,000.00 248,000.00 03/31/20251.40003/31/2020 255,263.39 1,826654062JZ2 1.401 1,499Capital One USA FDIC339541271 245,000.00 245,000.00 04/08/20251.60004/08/2020 254,389.10 1,82614042TDD6 1.601 1,519First Natl Bk McGregor1274 248,000.00 248,000.00 04/28/20251.35004/28/2020 254,702.88 1,82632112UDR9 1.351 1,520First Freedom Bank1273 249,000.00 249,000.00 04/29/20251.20004/29/2020 254,177.81 1,82632027BAL1 1.201 1,521Flagstar1276248,000.00 248,000.00 04/30/20251.25004/30/2020 253,668.18 1,82633847E3A3 1.251 1,5331st Internet Bank1278 248,000.00 248,000.00 05/12/20251.00005/11/2020 251,294.42 1,82732056GDJ6 0.985 1,534Western State Bank1277 245,000.00 245,000.00 05/13/20251.00005/13/2020 248,251.18 1,82695960NKD8 1.001 1,576Chippewa Valley Bk1284 248,000.00 248,000.00 06/24/20250.60006/24/2020 246,918.40 1,826169894AS1 0.600 1,788Landmark Community Bank1305 248,000.00 248,000.00 01/22/20260.50001/22/2021 244,120.61 1,82651507LCC6 0.500 1,809TIAA FKA EverBank1306 245,000.00 245,000.00 02/12/20260.50002/12/2021 240,926.80 1,82687270LDL4 0.500 32,221,000.00 1,58333,419,648.2832,221,000.0032,304,750.00Subtotal and Average 889 2.133 Corporate Notes 156Apple Inc1079 500,000.00 493,050.00 08/04/20211.55006/12/2017 501,805.00 1,514037833CC2 1.900 342Proctor and Gamble1159 500,000.00 487,950.00 02/06/20222.30010/15/2018 509,725.00 1,210742718DY2 3.071 654Wal-Mart Stores, Inc1190 500,000.00 496,650.00 12/15/20222.35004/16/2019 517,820.00 1,339931142DU4 2.799 702Colgate-Palmolive1175 500,000.00 485,250.00 02/01/20231.95003/04/2019 515,445.00 1,43019416QEA4 2.751 890Microsoft Corporation1157 400,000.00 378,360.00 08/08/20232.00010/15/2018 415,724.00 1,758594918BQ6 3.222 1,823International Finance Corp.1308 500,000.00 497,300.00 02/26/20260.50002/26/2021 494,395.00 1,82645950VPS9 0.610 2,838,560.00 1,5042,954,914.002,900,000.002,394,542.14Subtotal and Average 758 2.354 Portfolio CITY CP Run Date: 05/05/2021 - 21:08 PM (PRF_PM2) 7.3.0 Days to Maturity Page 7 Par Value Book Value Maturity Date Stated RateMarket Value February 28, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Money Market with Fiscal Agent 1US Bank1058 4,038,405.21 4,038,405.2107/01/2016 4,038,405.21 1SYS1058 0.000 4,038,405.21 14,038,405.214,038,405.21144,256.98Subtotal and Average 1 0.000 CERBT - OPEB Trust 1CalPERS CERBT Plan1114 1,933,023.17 1,933,023.1707/01/2020 1,933,023.17 1SYS1114 0.000 1,933,023.17 11,933,023.171,933,023.171,933,023.17Subtotal and Average 1 0.000 PARS Pension Trust 1Pblc Agncy Rtrmnt Serv1230 10,997,146.58 10,997,146.5807/01/2020 10,997,146.58 1SYS1230 0.000 10,997,146.58 110,997,146.5810,997,146.5810,984,212.35Subtotal and Average 1 0.000 654164,537,144.23 163,923,945.63 381 0.875165,897,917.12 163,722,065.30Total and Average Portfolio CITY CP Run Date: 05/05/2021 - 21:08 PM (PRF_PM2) 7.3.0 City of La Quinta Total Earnings City of La Quinta - Sorted by Fund - Fund February 1, 2021 - February 28, 2021 Current Rate Ending Par Value Ending Fund Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted InterestAnnualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 1,000,000.0012891,000,000.00 0.560FNMA 466.67 0.00 466.670.6081011,000,000.003136G4N74 0.00 500,000.001288500,000.00 0.500FNMA 208.34 0.00 208.340.543101500,000.003135G05S8 0.00 499,750.001290500,000.00 0.520FNMA 216.67 0.00 216.670.565101499,750.003136G4M75 0.00 499,250.001292500,000.00 0.560FNMA 233.33 0.00 233.330.609101499,250.003135GA2Z3 0.00 499,250.001291500,000.00 0.420FNMA 175.00 0.00 175.000.457101499,250.003135G06E8 0.00 500,000.001300500,000.00 0.400FNMA 166.67 0.00 166.670.435101500,000.003135GAAW1 0.00 500,000.001299500,000.00 0.600FNMA 250.00 0.00 250.000.652101500,000.003135GA7D7 0.00 992,100.0012331,000,000.00 1.375FNMA 1,145.84 0.00 1,145.841.506101992,100.003135G0W33 0.00 495,950.001206500,000.00 1.750FNMA 729.17 0.00 729.171.917101495,950.003135G0V75 0.00 500,000.001301500,000.00 0.550FHLMC 229.16 0.00 229.160.597101500,000.003134GXGZ1 0.00 997,300.0012971,000,000.00 0.375FHLMC 312.50 0.00 312.500.408101997,300.003137EAEU9 0.00 1,000,000.0012791,000,000.00 0.625FHLMC 520.83 0.00 520.830.6791011,000,000.003134GVYG7 0.00 998,500.0012751,000,000.00 0.700FHLMC 583.34 0.00 583.340.762101998,500.003134GVLC0 0.00 495,999.501307500,000.00 0.375FHLMC 41.67 0.00 41.670.5111010.003137EAEX3 0.00 992,200.0011051,000,000.00 1.700FFCB 1,416.67 0.00 1,416.671.861101992,200.003133EHWM1 0.00 499,500.001198500,000.00 1.875FFCB 781.25 0.00 781.252.039101499,500.003133EKQP4 0.00 247,275.001158250,000.00 2.800FFCB 583.33 0.00 583.333.075101247,275.003133EJYL7 0.00 499,500.001212500,000.00 1.850FFCB 770.84 0.00 770.842.012101499,500.003133EKWV4 0.00 996,900.0012341,000,000.00 1.600FFCB 1,333.33 0.00 1,333.331.743101996,900.003133EK4X1 0.00 499,400.001223500,000.00 1.600FFCB 666.67 0.00 666.671.740101499,400.003133EKZK5 0.00 498,750.001224500,000.00 1.600FFCB 666.66 0.00 666.661.742101498,750.003133EKP75 0.00 998,600.0012421,000,000.00 1.700FFCB 1,416.66 0.00 1,416.661.849101998,600.003133ELEA8 0.00 500,000.001282500,000.00 0.680FFCB 283.33 0.00 283.330.739101500,000.003133ELH80 0.00 999,000.0012461,000,000.00 1.430FFCB 1,191.67 0.00 1,191.671.555101999,000.003133ELNE0 0.00 499,850.001280500,000.00 0.500FFCB 208.33 0.00 208.330.543101499,850.003133ELH23 0.00 999,217.3612471,000,000.00 1.400FFCB 1,166.67 0.00 1,166.671.522101999,217.363133EGWJ0 0.00 499,850.001281500,000.00 0.500FHLB 208.34 0.00 208.340.543101499,850.003130AJKW8 0.00 500,000.001302500,000.00 0.510FHLB 212.50 0.00 212.500.554101500,000.003130AKMZ6 0.00 498,550.001177500,000.00 2.500FHLB 1,041.67 0.00 1,041.672.724101498,550.003130AFW94 0.00 500,000.001304500,000.00 0.550FHLB 229.16 0.00 229.160.597101500,000.003130AKN28 0.00 Portfolio CITY CP Run Date: 05/05/2021 - 21:24 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 2 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest February 1, 2021 - February 28, 2021 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 497,400.001298500,000.00 0.375FHLB 156.26 0.00 156.260.410101497,400.003130AKFA9 0.00 300,000.001283300,000.00 0.680FHLB 170.00 0.00 170.000.739101300,000.003130AJRP6 0.00 496,650.001192500,000.00 1.750USTR 676.79 0.00 676.791.776101496,650.00912828SV3 0.00 495,100.001309500,000.00 0.375USTR 31.08 0.00 31.080.3821010.0091282CBH3 0.00 1,942,800.0010702,000,000.00 1.250USTR 1,933.70 0.00 1,933.701.2971011,942,800.00912828T67 0.00 499,300.001217500,000.00 1.375USTR 528.85 0.00 528.851.381101499,300.00912828T26 0.00 5,000,000.0010455,000,000.00 1.125USTR 4,350.82 0.00 4,350.821.1341015,000,000.00912828S27 0.00 493,610.001193500,000.00 1.375USTR 528.85 0.00 528.851.397101493,610.00912828R77 0.00 489,687.501178500,000.00 1.875USTR 721.16 0.00 721.161.920101489,687.509128282W9 0.00 498,632.811303500,000.00 0.375USTR 145.02 0.00 145.020.379101498,632.8191282CBC4 0.00 989,687.5012411,000,000.00 1.500USTR 1,153.85 0.00 1,153.851.520101989,687.50912828YV6 0.00 248,000.001174248,000.00 3.000WELLS 570.74 0.00 570.743.000101248,000.00949763XY7 0.00 1,964,162.3310571,964,162.33WELLS 0.01 0.00 0.011011,443,499.944159282482 0.00 240,000.001078240,000.00 2.400GLDMAN 441.86 0.00 441.862.400101240,000.0038148PJK4 0.00 240,000.001077240,000.00 2.250AMEX 414.25 0.00 414.252.250101240,000.0002587DP85 0.00 240,000.001067240,000.00 2.200BMW 405.04 0.00 405.042.200101240,000.0005580AGK4 0.00 248,000.001169248,000.00 3.400MEDBA 646.84 0.00 646.843.400101248,000.0058404DCX7 0.00 240,000.001097240,000.00 2.300BARCLY 423.45 0.00 423.452.300101240,000.0006740KLJ4 0.00 245,000.001112245,000.00 2.5003RD 469.86 0.00 469.862.500101245,000.0088413QBY3 0.00 248,000.001163248,000.00 3.250MRRCK 618.30 0.00 618.303.250101248,000.0059013J4K2 0.00 240,000.001128240,000.00 2.800TOWNE 515.50 0.00 515.502.800101240,000.0089214PBL2 0.00 248,000.001173248,000.00 2.750MORTN 523.18 0.00 523.182.750101248,000.00619165JD6 0.00 245,000.001306245,000.00 0.500EVRBA 57.06 0.00 57.060.5001010.0087270LDL4 0.00 245,000.001271245,000.00 1.600CAPONE 300.71 0.00 300.711.600101245,000.0014042TDD6 0.00 245,000.001176245,000.00 2.500ALLY 469.87 0.00 469.872.500101245,000.0002007GHX4 0.00 0.0010090.00 1.700CCBA 234.74 0.00 234.741.700101240,000.0020033APG5 0.00 240,000.001032240,000.00 1.500PRVTBA 276.17 0.00 276.171.500101240,000.0074267GVG9 0.00 62,363,733.52105562,363,733.52 0.407LAIF 21,537.18 0.00 21,537.180.45810161,363,733.5298-33-434 0.00 230,041.471293230,041.47BNY 1.37 0.00 1.370.0011011,520,427.05SYS1293 0.00 240,000.001066240,000.00 2.250DISCOV 414.25 0.00 414.252.250101240,000.002546722U1 0.00 493,050.001079500,000.00 1.550APPL 645.83 0.00 645.831.708101493,050.00037833CC2 0.00 240,000.001080240,000.00 2.400SYNCHR 441.86 0.00 441.862.400101240,000.0087164XQV1 0.00 240,000.001082240,000.00 2.250CAP1NA 414.25 0.00 414.252.250101240,000.0014042RGD7 0.00 240,000.001083240,000.00 2.350SALMAE 432.65 0.00 432.652.350101240,000.00795450A70 0.00 240,000.001085240,000.00 1.850CNTRL 340.60 0.00 340.601.850101240,000.0015523RBJ4 0.00 240,000.001089240,000.00 1.900OHVAL 349.81 0.00 349.811.900101240,000.00677721CN0 0.00 245,000.001095245,000.00 2.250ALLIAN 422.88 0.00 422.882.250101245,000.0001859BAA3 0.00 Portfolio CITY CP Run Date: 05/05/2021 - 21:24 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 3 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest February 1, 2021 - February 28, 2021 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 240,000.001096240,000.00 2.400AMFSB 441.86 0.00 441.862.400101240,000.0002587CFU9 0.00 245,000.001099245,000.00 2.300MTNAMR 432.27 0.00 432.272.300101245,000.0062384RAC0 0.00 245,000.001101245,000.00 2.100KANSAS 394.68 0.00 394.682.100101245,000.0050116CBE8 0.00 245,000.001102245,000.00 2.100BELMNT 394.68 0.00 394.682.100101245,000.00080515CD9 0.00 245,000.001106245,000.00 2.200CRS1ST 413.48 0.00 413.482.200101245,000.0022766ACB9 0.00 245,000.001107245,000.00 2.150ENTRPR 404.09 0.00 404.092.150101245,000.0029367QCP1 0.00 245,000.001236245,000.00 1.900MSPRIV 357.10 0.00 357.101.900101245,000.0061760A3B3 0.00 245,000.001237245,000.00 1.950MORGST 366.50 0.00 366.501.950101245,000.0061690UNX4 0.00 245,000.001110245,000.00 2.400KNOX 451.07 0.00 451.072.400101245,000.00499724AB8 0.00 3,300.0010593,300.00CITYPC 0.00 0.00 0.001013,300.00SYS1059 0.00 1,933,023.1711141,933,023.17CALPRS 0.00 0.00 0.001011,933,023.17SYS1114 0.00 378,360.001157400,000.00 2.000MCRSFT 666.67 0.00 666.672.297101378,360.00594918BQ6 0.00 245,000.001119245,000.00 2.800ANECA 526.24 0.00 526.242.800101245,000.00034577AH9 0.00 245,000.001120245,000.00 2.550UNITY 479.26 0.00 479.262.550101245,000.0091330ABN6 0.00 245,000.001123245,000.00 2.900CITINA 545.04 0.00 545.042.900101245,000.0017312QJ26 0.00 240,000.001125240,000.00 2.950ENER 543.12 0.00 543.122.950101240,000.0029278TAY6 0.00 240,000.001126240,000.00 2.800FARMIG 515.51 0.00 515.512.800101240,000.0030960QAG2 0.00 240,000.001127240,000.00 2.700NORPNT 497.10 0.00 497.102.700101240,000.00666613GV0 0.00 240,000.001134240,000.00 3.050UOFICU 561.53 0.00 561.533.050101240,000.0091435LAG2 0.00 245,000.001226245,000.00 1.800NYCMBK 338.30 0.00 338.301.800101245,000.00649447TC3 0.00 245,000.001143245,000.00 3.100ALLGNC 582.63 0.00 582.633.100101245,000.0001748DBE5 0.00 245,000.001144245,000.00 3.150RCB 592.03 0.00 592.033.150101245,000.0074934YAH4 0.00 245,000.001147245,000.00 3.1501STNBA 592.03 0.00 592.033.150101245,000.0032110YLK9 0.00 245,000.001148245,000.00 3.000TRAD 563.84 0.00 563.843.000101245,000.0089269CBX9 0.00 245,000.001149245,000.00 3.000PCSB 563.84 0.00 563.843.000101245,000.0069324MAD7 0.00 240,000.001150240,000.00 3.100GECRUN 570.74 0.00 570.743.100101240,000.00369674AV8 0.00 249,000.001151249,000.00 3.250NWENGL 620.79 0.00 620.793.250101249,000.0006426KAN8 0.00 853,997.641153853,997.64 0.100CAMP 62.47 0.00 62.470.095101853,935.17SYS1153 0.00 245,000.001154245,000.00 3.350JEFF 629.62 0.00 629.623.350101245,000.00474067AQ8 0.00 248,000.001155248,000.00 3.300MARBUS 627.81 0.00 627.813.300101248,000.0057116ARV2 0.00 487,950.001159500,000.00 2.300P&G 958.33 0.00 958.332.560101487,950.00742718DY2 0.00 245,000.001160245,000.00 3.200MUNTRS 601.42 0.00 601.423.200101245,000.00625925AR3 0.00 245,000.001161245,000.00 3.350UBS 629.62 0.00 629.623.350101245,000.0090348JEJ5 0.00 248,000.001162248,000.00 3.400COMMBK 646.84 0.00 646.843.400101248,000.0020143PDV9 0.00 248,000.001164248,000.00 3.550NMRCA 675.38 0.00 675.383.550101248,000.0067054NAN3 0.00 248,000.001166248,000.00 3.350REDRCK 637.33 0.00 637.333.350101248,000.0075701LAB3 0.00 245,000.001167245,000.00 3.200NEIGH 601.42 0.00 601.423.200101245,000.0064017AAQ7 0.00 Portfolio CITY CP Run Date: 05/05/2021 - 21:24 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 4 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest February 1, 2021 - February 28, 2021 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 245,000.001168245,000.00 3.1501STSRC 592.02 0.00 592.023.150101245,000.0033646CKP8 0.00 245,000.001170245,000.00 3.400NLCOOP 639.01 0.00 639.013.400101245,000.00635573AL2 0.00 248,000.001171248,000.00 3.300MAINE 627.81 0.00 627.813.300101248,000.00560507AK1 0.00 248,000.001172248,000.00 3.350BARHAR 637.33 0.00 637.333.350101248,000.00066851WJ1 0.00 485,250.001175500,000.00 1.950COLGTE 812.50 0.00 812.502.183101485,250.0019416QEA4 0.00 248,000.001179248,000.00 2.8001STNBK 532.69 0.00 532.692.800101248,000.0032117BCX4 0.00 248,000.001180248,000.00 2.700VERUS 513.66 0.00 513.662.700101248,000.0092535LCD4 0.00 248,000.001181248,000.00 2.950NRTHWS 561.23 0.00 561.232.950101248,000.0066736ABP3 0.00 248,000.001184248,000.00 2.500CENTNX 475.62 0.00 475.622.500101248,000.00156634AK3 0.00 245,000.001185245,000.00 3.250JPMORG 610.82 0.00 610.823.250101245,000.0048128HXU7 0.00 245,000.001186245,000.00 2.400IOWAST 451.07 0.00 451.072.400101245,000.0046256YAZ2 0.00 248,000.001187248,000.00 2.400TSCOLA 456.59 0.00 456.592.400101248,000.0087266AAA1 0.00 248,000.001188248,000.00 2.600MAINST 494.64 0.00 494.642.600101248,000.0056065GAG3 0.00 248,000.001189248,000.00 2.500CONGRS 475.61 0.00 475.612.500101248,000.0020726ABA5 0.00 496,650.001190500,000.00 2.350WALMRT 979.17 0.00 979.172.570101496,650.00931142DU4 0.00 245,000.001194245,000.00 2.500PITTS 469.86 0.00 469.862.500101245,000.00725404AB3 0.00 245,000.001195245,000.00 2.550PLAINS 479.26 0.00 479.262.550101245,000.0072651LCL6 0.00 248,000.001196248,000.00 2.600EVNSCU 494.64 0.00 494.642.600101248,000.00299547AQ2 0.00 248,000.001197248,000.00 2.400LEGCY 456.59 0.00 456.592.400101248,000.00524661CB9 0.00 248,000.001199248,000.00 2.400CTZNST 456.59 0.00 456.592.400101248,000.00176688CP2 0.00 248,000.001200248,000.00 2.300AMERCU 437.57 0.00 437.572.300101248,000.0003065AAL7 0.00 245,000.001201245,000.00 2.150STRLNG 404.08 0.00 404.082.150101245,000.0085916VDC6 0.00 248,000.001202248,000.00 2.250COMMW 428.05 0.00 428.052.250101248,000.0020416TAQ5 0.00 247,000.001203247,000.00 2.300REVER 435.81 0.00 435.812.300101247,000.00761402BY1 0.00 248,000.001205248,000.00 2.000AMRNTL 380.49 0.00 380.492.000101248,000.0002772JBD1 0.00 248,000.001207248,000.00 1.950ABACUS 370.98 0.00 370.981.950101248,000.0000257TBD7 0.00 248,000.001208248,000.00 2.000LKSIDE 380.49 0.00 380.492.000101248,000.0051210SQU4 0.00 248,000.001209248,000.00 2.0001STSEC 380.49 0.00 380.492.000101248,000.0033625CCP2 0.00 248,000.001210248,000.00 2.000PEOPLE 380.49 0.00 380.492.000101248,000.00710571DS6 0.00 0.0012110.00 2.100NFNITY 14.27 0.00 14.272.100101248,000.0045667EDY1 0.00 249,000.001213249,000.00 2.000PREFRD 382.03 0.00 382.032.000101249,000.00740367HP5 0.00 248,000.001214248,000.00 2.000UNTDCU 380.49 0.00 380.492.000101248,000.00910160AH3 0.00 248,000.001215248,000.00 2.000WSHFED 380.49 0.00 380.492.000101248,000.00938828BH2 0.00 249,000.001216249,000.00 1.9501STIER 372.47 0.00 372.471.950101249,000.0033766LAJ7 0.00 244,000.001218244,000.00 1.950RAYJAM 364.99 0.00 364.991.950101244,000.0075472RAD3 0.00 245,000.001219245,000.00 1.900CITBNK 357.10 0.00 357.101.900101245,000.0012556LBA3 0.00 248,000.001220248,000.00 1.850CELTIC 351.96 0.00 351.961.850101248,000.0015118RRH2 0.00 Portfolio CITY CP Run Date: 05/05/2021 - 21:24 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 5 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest February 1, 2021 - February 28, 2021 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 249,000.001221249,000.00 1.8501STNBS 353.38 0.00 353.381.850101249,000.00334342CD2 0.00 248,000.001222248,000.00 1.8001STDQN 342.44 0.00 342.441.800101248,000.00336460CX6 0.00 245,000.001225245,000.00 1.600LUANA 300.71 0.00 300.711.600101245,000.00549104JN8 0.00 3,992,457.5512283,992,457.55BOTW 0.01 0.00 0.011018,483,208.96059731851 0.00 248,000.001227248,000.00 1.700BNKWST 323.42 0.00 323.421.700101248,000.0006652CHB0 0.00 10,997,146.58123010,997,146.58PARS 0.00 0.00 0.0010110,983,733.30SYS1230 0.00 248,000.001231248,000.00 1.7001STSER 323.42 0.00 323.421.700101248,000.0033640VDD7 0.00 248,000.001235248,000.00 1.700SAUKVL 323.41 0.00 323.411.700101248,000.00804375DL4 0.00 248,000.001238248,000.00 1.800LIVEOK 342.44 0.00 342.441.800101248,000.00538036GV0 0.00 248,000.001239248,000.00 1.900KERNCU 361.47 0.00 361.471.900101248,000.0049228XAK6 0.00 248,000.001240248,000.00 1.850SF FCU 351.96 0.00 351.961.850101248,000.0079772FAC0 0.00 248,000.001244248,000.00 1.900WFNBW 361.47 0.00 361.471.900101248,000.00949495AT2 0.00 248,000.001248248,000.00 1.550FRDMFI 294.88 0.00 294.881.550101248,000.0035637RDC8 0.00 248,000.001249248,000.00 1.650UNTDCM 313.91 0.00 313.911.650101248,000.0090983WBT7 0.00 248,000.001250248,000.00 1.6501STNMI 313.91 0.00 313.911.650101248,000.0032114VBT3 0.00 245,000.001251245,000.00 1.650RLLSTN 310.11 0.00 310.111.650101245,000.0077579ADF0 0.00 248,000.001252248,000.00 1.650CITADL 313.91 0.00 313.911.650101248,000.0017286TAG0 0.00 245,000.001253245,000.00 1.600SYNOVS 300.71 0.00 300.711.600101245,000.0087164DRD4 0.00 248,000.001254248,000.00 1.600SERVIS 304.40 0.00 304.401.600101248,000.0081768PAF3 0.00 248,000.001255248,000.00 1.600AMERST 304.40 0.00 304.401.600101248,000.00029728BC5 0.00 248,000.001256248,000.00 1.600ACCSS 304.40 0.00 304.401.600101248,000.0000435JBH5 0.00 248,000.001257248,000.00 1.500SPRING 285.37 0.00 285.371.500101248,000.00849430BF9 0.00 248,000.001258248,000.00 1.650AXOS 313.91 0.00 313.911.650101248,000.0005465DAE8 0.00 245,000.001259245,000.00 1.200CADNCE 225.53 0.00 225.531.200101245,000.0012738RFX7 0.00 245,000.001260245,000.00 1.100TEXAS 206.74 0.00 206.741.100101245,000.00882213AB7 0.00 248,000.001261248,000.00 1.100SNTCLR 209.27 0.00 209.271.100101248,000.0006424KBC3 0.00 248,000.001262248,000.00 1.350TRIAD 256.84 0.00 256.841.350101248,000.0089579NCD3 0.00 248,000.001263248,000.00 1.150NRTHSR 218.78 0.00 218.781.150101248,000.0066704MEQ0 0.00 248,000.001264248,000.00 1.300BELLCO 247.32 0.00 247.321.300101248,000.0007833EAD9 0.00 248,000.001265248,000.00 1.150WESTMI 218.78 0.00 218.781.150101248,000.00954444BS3 0.00 248,000.001266248,000.00 1.400NCOLET 266.35 0.00 266.351.400101248,000.00654062JZ2 0.00 248,000.001267248,000.00 1.400ALMABK 266.35 0.00 266.351.400101248,000.00020080BX4 0.00 248,000.001268248,000.00 1.250CMWBUS 237.81 0.00 237.811.250101248,000.002027506M2 0.00 245,000.001269245,000.00 1.300PACWST 244.33 0.00 244.331.300101245,000.0069506YRH4 0.00 248,000.001270248,000.00 1.250BELB&T 237.81 0.00 237.811.250101248,000.0008016PDQ9 0.00 248,000.001272248,000.00 1.250THEJEF 237.81 0.00 237.811.250101248,000.00472382AQ3 0.00 249,000.001273249,000.00 1.2001STFDM 229.22 0.00 229.221.200101249,000.0032027BAL1 0.00 Portfolio CITY CP Run Date: 05/05/2021 - 21:24 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 6 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest February 1, 2021 - February 28, 2021 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 248,000.001274248,000.00 1.3501STMCG 256.83 0.00 256.831.350101248,000.0032112UDR9 0.00 248,000.001276248,000.00 1.250FLGSTR 237.81 0.00 237.811.250101248,000.0033847E3A3 0.00 245,000.001277245,000.00 1.000WSTRNS 187.94 0.00 187.941.000101245,000.0095960NKD8 0.00 248,000.001278248,000.00 1.0001STINT 190.25 0.00 190.251.000101248,000.0032056GDJ6 0.00 248,000.001284248,000.00 0.600CHIPVA 114.15 0.00 114.150.600101248,000.00169894AS1 0.00 248,000.001285248,000.00 0.350AMR1ST 66.59 0.00 66.590.350101248,000.0002616AAH2 0.00 248,000.001286248,000.00 0.500STHRNB 95.12 0.00 95.120.500101248,000.0084223QAN7 0.00 248,000.001287248,000.00 0.500BKPRNC 95.12 0.00 95.120.500101248,000.00064520BG3 0.00 248,000.001305248,000.00 0.500LNDMRK 95.12 0.00 95.120.500101248,000.0051507LCC6 0.00 497,300.001308500,000.00 0.500IFC 20.72 0.00 20.720.5071010.0045950VPS9 0.00 149,008,862.26Subtotal 148,806,981.93 0.914 106,531.140.00106,531.14151,808,581.28 0.00 Fund: Fiscal Agent 4,038,405.2110584,038,405.21USBANK 0.01 0.00 0.010.44523129.27SYS1058 0.00 4,038,405.21Subtotal 4,038,405.21 0.445 0.010.000.0129.27 0.00 Fund: Housing Authority : WSA and LQ 307,537.061062307,537.06LQPR 0.00 0.00 0.00241292,251.02SYS1062 0.00 307,537.06Subtotal 307,537.06 0.000.000.00292,251.02 0.00 Fund: SA Low/Mod Bond Fund 10,569,141.10111310,569,141.10 0.407LAIF 3,593.18 0.00 3,593.180.44324910,569,141.1025-33-005 0.00 10,569,141.10Subtotal 10,569,141.10 0.443 3,593.180.003,593.1810,569,141.10 0.00 163,923,945.63Total 163,722,065.30 0.882 110,124.330.00110,124.33162,670,002.67 0.00 Portfolio CITY CP Run Date: 05/05/2021 - 21:24 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Days to Maturity Page 1 Par Value Book Value Maturity Date Stated RateMarket Value March 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Bank Accounts 1Bank of New York1293 3,257,492.64 3,257,492.6409/01/2020 3,257,492.64 1SYS1293 0.000 1Bank of the West1228 2,153,669.02 2,153,669.0208/20/2019 2,153,669.02 1059731851 0.000 1City Petty Cash1059 3,300.00 3,300.0007/01/2016 3,300.00 1SYS1059 0.000 1Dune Palms Mobile Estates1318 130,583.11 130,583.1103/09/2021 130,583.11 1SYS1318 0.000 1La Quinta Palms Realty1062 328,273.80 328,273.8007/01/2016 328,273.80 1SYS1062 0.000 1Stifel, Nicolaus & Company1183 0.00 0.0003/18/2019 0.00 1SYS1183 0.000 1Wells Fargo1057 2,241,607.32 2,241,607.3207/01/2016 2,241,607.32 14159282482 0.000 8,114,925.89 18,114,925.898,114,925.897,142,633.81Subtotal and Average 1 0.000 Local Agency Investment Fund-City 1Local Agency Inv Fund1055 57,363,733.52 57,363,733.52 0.35757,700,080.72 198-33-434 0.357 57,363,733.52 157,700,080.7257,363,733.5260,105,669.00Subtotal and Average 1 0.357 Local Agency Invstmnt Fund-Housing 1Local Agency Inv Fund1113 10,569,141.10 10,569,141.10 0.35710,651,425.11 125-33-005 0.357 10,569,141.10 110,651,425.1110,569,141.1010,569,141.10Subtotal and Average 1 0.357 Money Market/Mutual Funds 1Dreyfus12940.00 0.0009/24/2020 0.00 1X9USDDTP3 0.000 0.00 00.000.000.00Subtotal and Average 0 0.000 Money Market Accounts - CAMP 1California Asset Management Pr1153 854,058.29 854,058.29 0.08009/26/2018 854,058.29 1SYS1153 0.080 854,058.29 1854,058.29854,058.29853,999.60Subtotal and Average 1 0.080 Federal Agency Coupon Securities 153Federal Farm Credit Bank1105 1,000,000.00 992,200.00 09/01/20211.70011/09/2017 1,007,100.00 1,3923133EHWM1 1.913 523Federal National Mtg Assn1233 1,000,000.00 992,100.00 09/06/20221.37510/29/2019 1,018,330.00 1,0433135G0W33 1.659 546Federal Farm Credit Bank1247 1,000,000.00 999,217.36 09/29/20221.40002/05/2020 1,018,570.00 9673133EGWJ0 1.430 620Federal Farm Credit Bank1198 500,000.00 499,500.00 12/12/20221.87506/20/2019 514,555.00 1,2713133EKQP4 1.905 865Federal Farm Credit Bank1223 500,000.00 499,400.00 08/14/20231.60009/12/2019 516,120.00 1,4323133EKZK5 1.632 887Federal Farm Credit Bank1158 250,000.00 247,275.00 09/05/20232.80010/15/2018 265,417.50 1,7863133EJYL7 3.041 944Federal Farm Credit Bank1234 1,000,000.00 996,900.00 11/01/20231.60011/01/2019 1,033,660.00 1,4613133EK4X1 1.680 1,048Federal Home Loan Bank1177 500,000.00 498,550.00 02/13/20242.50003/01/2019 531,645.00 1,8103130AFW94 2.563 1,049Federal Farm Credit Bank1246 1,000,000.00 999,000.00 02/14/20241.43002/14/2020 1,030,630.00 1,4613133ELNE0 1.456 Portfolio CITY CP Run Date: 05/05/2021 - 21:10 PM (PRF_PM2) 7.3.0 Report Ver. 7.3.6.1 Days to Maturity Page 2 Par Value Book Value Maturity Date Stated RateMarket Value March 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Federal Agency Coupon Securities 1,188Federal National Mtg Assn1206 500,000.00 495,950.00 07/02/20241.75007/15/2019 521,450.00 1,8143135G0V75 1.922 1,212Federal Farm Credit Bank1212 500,000.00 499,500.00 07/26/20241.85008/02/2019 523,005.00 1,8203133EKWV4 1.871 1,265Federal Farm Credit Bank1224 500,000.00 498,750.00 09/17/20241.60009/17/2019 519,140.00 1,8273133EKP75 1.652 1,265Federal Farm Credit Bank1242 1,000,000.00 998,600.00 09/17/20241.70012/17/2019 1,041,710.00 1,7363133ELEA8 1.731 1,327Federal National Mtg Assn1291 500,000.00 499,250.00 11/18/20240.42011/18/2020 496,720.00 1,4613135G06E8 0.458 1,369Federal National Mtg Assn1300 500,000.00 500,000.00 12/30/20240.40012/30/2020 497,875.00 1,4613135GAAW1 0.400 1,481Federal Home Loan Mtg Corp1275 1,000,000.00 998,500.00 04/21/20250.70004/28/2020 996,550.00 1,8193134GVLC0 0.731 1,517Federal Home Loan Mtg Corp1279 1,000,000.00 1,000,000.00 05/27/20250.62505/27/2020 993,250.00 1,8263134GVYG7 0.625 1,530Federal Farm Credit Bank1280 500,000.00 499,850.00 06/09/20250.50006/09/2020 494,885.00 1,8263133ELH23 0.506 1,531Federal Farm Credit Bank1282 500,000.00 500,000.00 06/10/20250.68006/10/2020 501,185.00 1,8263133ELH80 0.680 1,534Federal Home Loan Bank1281 500,000.00 499,850.00 06/13/20250.50006/03/2020 494,870.00 1,8363130AJKW8 0.506 1,551Federal Home Loan Bank1283 300,000.00 300,000.00 06/30/20250.68006/30/2020 295,527.00 1,8263130AJRP6 0.680 1,572Federal Home Loan Mtg Corp1297 1,000,000.00 997,300.00 07/21/20250.37512/07/2020 983,790.00 1,6873137EAEU9 0.434 1,596Federal National Mtg Assn1288 500,000.00 500,000.00 08/14/20250.50008/14/2020 491,600.00 1,8263135G05S8 0.500 1,600Federal National Mtg Assn1290 500,000.00 499,750.00 08/18/20250.52008/28/2020 491,975.00 1,8163136G4M75 0.530 1,603Federal National Mtg Assn1289 1,000,000.00 1,000,000.00 08/21/20250.56008/21/2020 985,590.00 1,8263136G4N74 0.560 1,636Federal Home Loan Mtg Corp1307 500,000.00 495,999.50 09/23/20250.37502/23/2021 490,550.00 1,6733137EAEX3 0.552 1,636Federal Home Loan Mtg Corp1310 1,000,000.00 983,940.00 09/23/20250.37503/30/2021 981,100.00 1,6383137EAEX3 0.740 1,691Federal National Mtg Assn1292 500,000.00 499,250.00 11/17/20250.56011/17/2020 491,390.00 1,8263135GA2Z3 0.590 1,716Federal Home Loan Bank1298 500,000.00 497,400.00 12/12/20250.37512/07/2020 488,595.00 1,8313130AKFA9 0.480 1,727Federal National Mtg Assn1299 500,000.00 500,000.00 12/23/20250.60012/23/2020 491,580.00 1,8263135GA7D7 0.600 1,734Federal Home Loan Mtg Corp1301 500,000.00 500,000.00 12/30/20250.55012/30/2020 489,275.50 1,8263134GXGZ1 0.550 1,749Federal Home Loan Bank1302 500,000.00 500,000.00 01/14/20260.51001/14/2021 488,940.00 1,8263130AKMZ6 0.510 1,764Federal Home Loan Bank1304 500,000.00 500,000.00 01/29/20260.55001/29/2021 490,655.00 1,8263130AKN28 0.550 1,824Federal Home Loan Bank1312 500,000.00 500,000.00 03/30/20260.50003/30/2021 499,525.00 1,8263130ALV92 0.938 21,988,031.86 1,63722,176,760.0022,050,000.0020,599,829.92Subtotal and Average 1,281 1.082 Treasury Coupon Securities 60U.S. Treasury1193 500,000.00 493,610.00 05/31/20211.37505/31/2019 501,075.00 731912828R77 2.030 90U.S. Treasury1045 5,000,000.00 5,000,000.00 06/30/20211.12507/18/2016 5,013,100.00 1,808912828S27 1.125 213U.S. Treasury1070 2,000,000.00 1,942,800.00 10/31/20211.25003/27/2017 2,013,900.00 1,679912828T67 1.903 409U.S. Treasury1192 500,000.00 496,650.00 05/15/20221.75005/31/2019 509,160.00 1,080912828SV3 1.984 547U.S. Treasury1178 500,000.00 489,687.50 09/30/20221.87503/01/2019 513,030.00 1,3099128282W9 2.480 912U.S. Treasury1217 500,000.00 499,300.00 09/30/20231.37508/21/2019 514,120.00 1,501912828T26 1.410 1,339U.S. Treasury1241 1,000,000.00 989,687.50 11/30/20241.50012/16/2019 1,033,630.00 1,811912828YV6 1.718 1,674U.S. Treasury1311 1,000,000.00 977,500.00 10/31/20250.25003/30/2021 973,280.00 1,67691282CAT8 0.750 Portfolio CITY CP Run Date: 05/05/2021 - 21:10 PM (PRF_PM2) 7.3.0 Days to Maturity Page 3 Par Value Book Value Maturity Date Stated RateMarket Value March 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Treasury Coupon Securities 1,735U.S. Treasury1303 500,000.00 498,632.81 12/31/20250.37501/07/2021 488,065.00 1,81991282CBC4 0.431 1,766U.S. Treasury1309 500,000.00 495,100.00 01/31/20260.37502/23/2021 487,345.00 1,80391282CBH3 0.577 11,882,967.81 1,66812,046,705.0012,000,000.0010,968,532.33Subtotal and Average 549 1.360 Certificate of Deposits 18Amex Centurion1077 240,000.00 240,000.00 04/19/20212.25004/19/2017 240,272.19 1,46102587DP85 2.252 29Towne Bank1128 240,000.00 240,000.00 04/30/20212.80004/30/2018 240,539.72 1,09689214PBL2 2.803 55PrivateBank & Trust1032 240,000.00 240,000.00 05/26/20211.50005/26/2016 240,522.39 1,82674267GVG9 1.501 67Capital One Natl Assn FDIC42971082 240,000.00 240,000.00 06/07/20212.25006/07/2017 240,964.99 1,46114042RGD7 2.252 104Central State Bank1085 240,000.00 240,000.00 07/14/20211.85007/14/2017 241,189.66 1,46115523RBJ4 1.851 137General Electric Credit Union1150 240,000.00 240,000.00 08/16/20213.10008/15/2018 242,694.52 1,097369674AV8 3.100 179New York Community Bank1226 245,000.00 245,000.00 09/27/20211.80009/27/2019 246,982.67 731649447TC3 1.802 208Northpointe Bank1127 240,000.00 240,000.00 10/26/20212.70004/26/2018 243,495.05 1,279666613GV0 2.703 230First Source Bank1168 245,000.00 245,000.00 11/17/20213.15012/17/2018 249,631.91 1,06633646CKP8 3.153 235Belmont Savings Bank1102 245,000.00 245,000.00 11/22/20212.10011/21/2017 248,049.34 1,462080515CD9 2.101 235TNB Bank1187 248,000.00 248,000.00 11/22/20212.40005/22/2019 251,574.05 91587266AAA1 2.407 264Neighbors FCU1167 245,000.00 245,000.00 12/21/20213.20012/21/2018 250,384.79 1,09664017AAQ7 3.203 265United Credit Union1214 248,000.00 248,000.00 12/22/20212.00008/22/2019 251,277.23 853910160AH3 2.003 293The Ohio Valley Bank1089 240,000.00 240,000.00 01/19/20221.90007/19/2017 243,289.53 1,645677721CN0 1.903 305Third Federal Savings and Loan1112 245,000.00 245,000.00 01/31/20222.50001/30/2018 249,696.23 1,46288413QBY3 2.502 306Discover Bank Greenwood DE CF1066 240,000.00 240,000.00 02/01/20222.25002/01/2017 244,104.63 1,8262546722U1 2.251 329BMW Bank1067 240,000.00 240,000.00 02/24/20222.20002/24/2017 244,302.14 1,82605580AGK4 2.201 333Maine Savings FCU1171 248,000.00 248,000.00 02/28/20223.30012/28/2018 255,029.84 1,158560507AK1 3.306 351Luana Savings Bank1225 245,000.00 245,000.00 03/18/20221.60009/18/2019 248,198.93 912549104JN8 1.599 363Bellco Credit Union1264 248,000.00 248,000.00 03/30/20221.30003/31/2020 250,599.11 72907833EAD9 1.300 364Cadence Bank, NA1259 245,000.00 245,000.00 03/31/20221.20003/31/2020 247,272.96 73012738RFX7 1.200 364Bank of Santa Clarita1261 248,000.00 248,000.00 03/31/20221.10003/31/2020 250,051.11 73006424KBC3 1.100 390Goldman Sachs1078 240,000.00 240,000.00 04/26/20222.40004/26/2017 245,505.61 1,82638148PJK4 2.401 393Farmers Insurance Group FCU1126 240,000.00 240,000.00 04/29/20222.80004/30/2018 246,600.30 1,46030960QAG2 2.802 411Kansas State Bank1101 245,000.00 245,000.00 05/17/20222.10011/17/2017 250,082.97 1,64250116CBE8 2.099 427Synchrony Bank Retail1080 240,000.00 240,000.00 06/02/20222.40006/02/2017 246,019.72 1,82687164XQV1 2.401 433PCSB Bank1149 245,000.00 245,000.00 06/08/20223.00006/08/2018 253,004.31 1,46169324MAD7 3.002 434Synovus Bank1253 245,000.00 245,000.00 06/09/20221.60003/09/2020 248,883.05 82287164DRD4 1.602 438Allegiance Bank1143 245,000.00 245,000.00 06/13/20223.10006/13/2018 253,388.83 1,46101748DBE5 3.102 446Sallie Mae Bank Salt Lake CIty1083 240,000.00 240,000.00 06/21/20222.35006/21/2017 246,137.83 1,826795450A70 2.351 453America's Credit Union1200 248,000.00 248,000.00 06/28/20222.30006/28/2019 254,289.95 1,09603065AAL7 2.302 Portfolio CITY CP Run Date: 05/05/2021 - 21:10 PM (PRF_PM2) 7.3.0 Days to Maturity Page 4 Par Value Book Value Maturity Date Stated RateMarket Value March 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 494Traditions Bank1148 245,000.00 245,000.00 08/08/20223.00006/08/2018 254,120.29 1,52289269CBX9 3.002 509CIT Bank NA1219 245,000.00 245,000.00 08/23/20221.90008/23/2019 250,582.73 1,09612556LBA3 1.902 515American Express Fed Savings B1096 240,000.00 240,000.00 08/29/20222.40008/29/2017 247,248.20 1,82602587CFU9 2.402 515Sterling Bank1201 245,000.00 245,000.00 08/29/20222.15006/28/2019 251,523.75 1,15885916VDC6 2.153 560Alliance Credit Union1095 245,000.00 245,000.00 10/13/20222.25010/13/2017 252,464.49 1,82601859BAA3 2.251 572Barclays Bank1097 240,000.00 240,000.00 10/25/20222.30010/25/2017 247,658.51 1,82606740KLJ4 2.291 575Merrick Bank1163 248,000.00 248,000.00 10/28/20223.25010/30/2018 259,720.69 1,45959013J4K2 3.252 586Mountain America Federal CU1099 245,000.00 245,000.00 11/08/20222.30011/08/2017 253,013.78 1,82662384RAC0 2.301 596CrossFirst Bank1106 245,000.00 245,000.00 11/18/20222.20011/20/2017 252,744.70 1,82422766ACB9 2.201 606Enterprise Bank, NA1107 245,000.00 245,000.00 11/28/20222.15011/28/2017 252,668.10 1,82629367QCP1 2.151 615Medallion Bank1169 248,000.00 248,000.00 12/07/20223.40012/07/2018 261,163.14 1,46158404DCX7 3.402 615Red Rocks Credit Union1166 248,000.00 248,000.00 12/07/20223.35012/07/2018 260,951.51 1,46175701LAB3 3.352 637Knoxville TVA Credit Union1110 245,000.00 245,000.00 12/29/20222.40012/29/2017 254,136.88 1,826499724AB8 2.401 638Kern FCU1239 248,000.00 248,000.00 12/30/20221.90012/30/2019 255,068.14 1,09649228XAK6 1.902 638San Francisco FCU1240 248,000.00 248,000.00 12/30/20221.85012/30/2019 254,848.64 1,09679772FAC0 1.852 669Wells Fargo Natl Bank West1244 248,000.00 248,000.00 01/30/20231.90001/29/2020 255,405.44 1,097949495AT2 1.900 691Servisfirst Bank1254 248,000.00 248,000.00 02/21/20231.60002/21/2020 254,217.14 1,09681768PAF3 1.601 698Verus Bank of Commerce1180 248,000.00 248,000.00 02/28/20232.70002/28/2019 259,561.09 1,46192535LCD4 2.700 720Aneca Federal Credit Union1119 245,000.00 245,000.00 03/22/20232.80003/22/2018 257,256.13 1,826034577AH9 2.802 729Northstar Bank1263 248,000.00 248,000.00 03/31/20231.15003/31/2020 252,291.39 1,09566704MEQ0 1.150 729West Michigan Cmnty Bk1265 248,000.00 248,000.00 03/31/20231.15003/31/2020 252,291.39 1,095954444BS3 1.150 740Citibank NA1123 245,000.00 245,000.00 04/11/20232.90004/11/2018 258,092.27 1,82617312QJ26 2.902 757Congressional Bank1189 248,000.00 248,000.00 04/28/20232.50004/30/2019 259,482.23 1,45920726ABA5 2.502 757EnerBank USA1125 240,000.00 240,000.00 04/28/20232.95004/30/2018 253,378.53 1,82429278TAY6 2.952 764First National Bank1179 248,000.00 248,000.00 05/05/20232.80003/05/2019 261,066.66 1,52232117BCX4 2.802 774University of Iowa Comm. CU1134 240,000.00 240,000.00 05/15/20233.05005/14/2018 254,097.06 1,82791435LAG2 3.052 797Pittsfield Cooperative Bank1194 245,000.00 245,000.00 06/07/20232.50006/07/2019 256,725.88 1,461725404AB3 2.502 810Morton Community1173 248,000.00 248,000.00 06/20/20232.75003/20/2019 261,462.52 1,553619165JD6 2.753 810RCB Bank1144 245,000.00 245,000.00 06/20/20233.15006/20/2018 260,498.87 1,82674934YAH4 3.152 816American First CU1285 248,000.00 248,000.00 06/26/20230.35006/26/2020 248,106.52 1,09502616AAH2 0.350 839American National Bank1205 248,000.00 248,000.00 07/19/20232.00007/19/2019 257,513.58 1,46102772JBD1 2.001 840First National Bank of America1147 245,000.00 245,000.00 07/20/20233.15007/20/2018 260,963.90 1,82632110YLK9 3.152 851Bank of New England1151 249,000.00 249,000.00 07/31/20233.25007/31/2018 265,907.26 1,82606426KAN8 3.252 874Raymond James Bank1218 244,000.00 244,000.00 08/23/20231.95008/23/2019 253,331.23 1,46175472RAD3 1.951 911Triad Bank1262 248,000.00 248,000.00 09/29/20231.35003/30/2020 254,025.99 1,27889579NCD3 1.352 929Marlin Business Bank1155 248,000.00 248,000.00 10/17/20233.30010/17/2018 266,447.43 1,82657116ARV2 3.302 Portfolio CITY CP Run Date: 05/05/2021 - 21:10 PM (PRF_PM2) 7.3.0 Days to Maturity Page 5 Par Value Book Value Maturity Date Stated RateMarket Value March 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 929Municipal Trust and Savings1160 245,000.00 245,000.00 10/17/20233.20010/17/2018 262,594.77 1,826625925AR3 3.202 929UBS Bank USA1161 245,000.00 245,000.00 10/17/20233.35010/17/2018 263,539.03 1,82690348JEJ5 3.352 931Jefferson Financial CU1154 245,000.00 245,000.00 10/19/20233.35010/19/2018 263,562.49 1,826474067AQ8 3.352 958Commercial Bank1162 248,000.00 248,000.00 11/15/20233.40011/15/2018 267,553.47 1,82620143PDV9 3.402 971Numerica Credit Union1164 248,000.00 248,000.00 11/28/20233.55011/28/2018 268,815.56 1,82667054NAN3 3.552 994National Cooperative Bank, N.A1170 245,000.00 245,000.00 12/21/20233.40012/21/2018 264,891.91 1,826635573AL2 3.402 1,002Bar Harbor Bank and Trust1172 248,000.00 248,000.00 12/29/20233.35012/31/2018 267,973.21 1,824066851WJ1 3.352 1,033Lakeside Bank1208 248,000.00 248,000.00 01/29/20242.00007/30/2019 258,895.33 1,64451210SQU4 2.003 1,047Rollstone B&T1251 245,000.00 245,000.00 02/12/20241.65002/12/2020 253,290.49 1,46177579ADF0 1.651 1,048Northwest Bank1181 248,000.00 248,000.00 02/13/20242.95002/13/2019 265,736.34 1,82666736ABP3 2.951 1,062Wells Fargo1174 248,000.00 248,000.00 02/27/20243.00002/27/2019 266,334.90 1,826949763XY7 3.001 1,092Texas Bank Financial1260 245,000.00 245,000.00 03/28/20241.10003/31/2020 249,446.13 1,458882213AB7 1.101 1,110The Jefferson Bank1272 248,000.00 248,000.00 04/15/20241.25004/15/2020 253,579.67 1,461472382AQ3 1.251 1,111Belmont Bank and Trust1270 248,000.00 248,000.00 04/16/20241.25004/16/2020 253,584.65 1,46108016PDQ9 1.251 1,111Pacific Western Bank1269 245,000.00 245,000.00 04/16/20241.30004/16/2020 250,885.84 1,46169506YRH4 1.301 1,121Main Street Bank1188 248,000.00 248,000.00 04/26/20242.60004/26/2019 263,983.54 1,82756065GAG3 2.603 1,140First Service Bank1231 248,000.00 248,000.00 05/15/20241.70011/15/2019 257,054.08 1,64333640VDD7 1.701 1,141JP Morgan Chase1185 245,000.00 245,000.00 05/16/20243.25005/16/2019 265,884.17 1,82748128HXU7 3.254 1,148Iowa State Bank1186 245,000.00 245,000.00 05/23/20242.40005/23/2019 259,415.25 1,82746256YAZ2 2.403 1,153Live Oak Bank1238 248,000.00 248,000.00 05/28/20241.80011/27/2019 257,944.35 1,644538036GV0 1.802 1,154Century Next Bank1184 248,000.00 248,000.00 05/29/20242.50005/29/2019 263,473.52 1,827156634AK3 2.503 1,163Plains Commerce Bank1195 245,000.00 245,000.00 06/07/20242.55006/07/2019 260,590.88 1,82772651LCL6 2.553 1,168Evansville Teachers Credit FCU1196 248,000.00 248,000.00 06/12/20242.60006/12/2019 264,267.77 1,827299547AQ2 2.603 1,175Legacy Bank1197 248,000.00 248,000.00 06/19/20242.40006/19/2019 262,759.16 1,827524661CB9 2.403 1,177Citizens State Bank1199 248,000.00 248,000.00 06/21/20242.40006/21/2019 262,784.03 1,827176688CP2 2.403 1,184Communitywide FCU1202 248,000.00 248,000.00 06/28/20242.25006/28/2019 261,658.12 1,82720416TAQ5 2.253 1,184Revere Bank1203 247,000.00 247,000.00 06/28/20242.30006/28/2019 260,988.06 1,827761402BY1 2.303 1,212Abacus Federal Savings1207 248,000.00 248,000.00 07/26/20241.95007/26/2019 259,300.24 1,82700257TBD7 1.952 1,216First Security Bank of WA1209 248,000.00 248,000.00 07/30/20242.00007/30/2019 259,752.13 1,82733625CCP2 2.002 1,217People's Bank1210 248,000.00 248,000.00 07/31/20242.00007/31/2019 259,566.06 1,827710571DS6 2.002 1,233Preferred Bank1213 249,000.00 249,000.00 08/16/20242.00008/16/2019 260,763.62 1,827740367HP5 2.002 1,240FirsTier Bank1216 249,000.00 249,000.00 08/23/20241.95008/23/2019 260,405.05 1,82733766LAJ7 1.952 1,240Washington Federal1215 248,000.00 248,000.00 08/23/20242.00008/23/2019 259,782.16 1,827938828BH2 2.002 1,247First State Bk DeQueen1222 248,000.00 248,000.00 08/30/20241.80008/30/2019 258,146.88 1,827336460CX6 1.802 1,247First Natl Bk of Syracuse1221 249,000.00 249,000.00 08/30/20241.85008/30/2019 259,614.77 1,827334342CD2 1.852 1,247Celtic Bank1220 248,000.00 248,000.00 08/30/20241.85008/30/2019 258,572.14 1,82715118RRH2 1.852 Portfolio CITY CP Run Date: 05/05/2021 - 21:10 PM (PRF_PM2) 7.3.0 Days to Maturity Page 6 Par Value Book Value Maturity Date Stated RateMarket Value March 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 1,275BankWest Inc1227 248,000.00 248,000.00 09/27/20241.70009/27/2019 257,298.83 1,82706652CHB0 1.702 1,303Southern Bancorp Bk1286 248,000.00 248,000.00 10/25/20240.50006/26/2020 246,642.07 1,58284223QAN7 0.500 1,316Sauk Valley B&T Co1235 248,000.00 248,000.00 11/07/20241.70011/07/2019 257,173.85 1,827804375DL4 1.702 1,329Morgan Stanley Bank1237 245,000.00 245,000.00 11/20/20241.95011/20/2019 256,368.29 1,82761690UNX4 1.952 1,329Morgan Stanley Private Bk, NA1236 245,000.00 245,000.00 11/20/20241.90011/20/2019 255,922.10 1,82761760A3B3 1.902 1,369Bank Princeton1287 248,000.00 248,000.00 12/30/20240.50006/30/2020 246,147.18 1,644064520BG3 0.500 1,408United Community1249 248,000.00 248,000.00 02/07/20251.65002/07/2020 256,654.78 1,82790983WBT7 1.652 1,415First National Bank Michigan1250 248,000.00 248,000.00 02/14/20251.65002/14/2020 256,697.14 1,82732114VBT3 1.652 1,415Freedom Financial1248 248,000.00 248,000.00 02/14/20251.55002/14/2020 255,736.12 1,82735637RDC8 1.552 1,422American State1255 248,000.00 248,000.00 02/21/20251.60002/21/2020 256,256.66 1,827029728BC5 1.602 1,428Citadel FCU1252 248,000.00 248,000.00 02/27/20251.65002/27/2020 256,775.83 1,82717286TAG0 1.652 1,442Access Bank1256 248,000.00 248,000.00 03/13/20251.60003/13/2020 256,141.98 1,82600435JBH5 1.601 1,449Spring Bank1257 248,000.00 248,000.00 03/20/20251.50003/20/2020 255,197.59 1,826849430BF9 1.501 1,455Axos Bank1258 248,000.00 248,000.00 03/26/20251.65003/26/2020 256,707.87 1,82605465DAE8 1.651 1,457Alma Bank1267 248,000.00 248,000.00 03/28/20251.40003/30/2020 254,248.09 1,824020080BX4 1.399 1,460Commonwealth Business Bk1268 248,000.00 248,000.00 03/31/20251.25003/31/2020 252,544.82 1,8262027506M2 1.251 1,460Nicolet Natl Bank1266 248,000.00 248,000.00 03/31/20251.40003/31/2020 254,030.06 1,826654062JZ2 1.401 1,468Capital One USA FDIC339541271 245,000.00 245,000.00 04/08/20251.60004/08/2020 252,942.81 1,82614042TDD6 1.601 1,488First Natl Bk McGregor1274 248,000.00 248,000.00 04/28/20251.35004/28/2020 253,639.32 1,82632112UDR9 1.351 1,489First Freedom Bank1273 249,000.00 249,000.00 04/29/20251.20004/29/2020 253,145.46 1,82632027BAL1 1.201 1,490Flagstar1276248,000.00 248,000.00 04/30/20251.25004/30/2020 252,628.32 1,82633847E3A3 1.251 1,5021st Internet Bank1278 248,000.00 248,000.00 05/12/20251.00005/11/2020 249,903.03 1,82732056GDJ6 0.985 1,503Western State Bank1277 245,000.00 245,000.00 05/13/20251.00005/13/2020 246,877.28 1,82695960NKD8 1.001 1,545Chippewa Valley Bk1284 248,000.00 248,000.00 06/24/20250.60006/24/2020 245,552.78 1,826169894AS1 0.600 1,757Landmark Community Bank1305 248,000.00 248,000.00 01/22/20260.50001/22/2021 242,267.66 1,82651507LCC6 0.500 1,778TIAA FKA EverBank1306 245,000.00 245,000.00 02/12/20260.50002/12/2021 239,037.54 1,82687270LDL4 0.500 31,731,000.00 1,59332,827,998.8531,731,000.0031,904,870.97Subtotal and Average 872 2.131 Corporate Notes 125Apple Inc1079 500,000.00 493,050.00 08/04/20211.55006/12/2017 501,610.00 1,514037833CC2 1.900 311Proctor and Gamble1159 500,000.00 487,950.00 02/06/20222.30010/15/2018 508,815.00 1,210742718DY2 3.071 623Wal-Mart Stores, Inc1190 500,000.00 496,650.00 12/15/20222.35004/16/2019 517,500.00 1,339931142DU4 2.799 671Colgate-Palmolive1175 500,000.00 485,250.00 02/01/20231.95003/04/2019 514,960.00 1,43019416QEA4 2.751 859Microsoft Corporation1157 400,000.00 378,360.00 08/08/20232.00010/15/2018 414,704.00 1,758594918BQ6 3.222 1,792International Finance Corp.1308 500,000.00 497,300.00 02/26/20260.50002/26/2021 490,875.00 1,82645950VPS9 0.610 Portfolio CITY CP Run Date: 05/05/2021 - 21:10 PM (PRF_PM2) 7.3.0 Days to Maturity Page 7 Par Value Book Value Maturity Date Stated RateMarket Value March 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date 2,838,560.00 1,5042,948,464.002,900,000.002,838,560.00Subtotal and Average 727 2.354 Money Market with Fiscal Agent 1US Bank1058 23.73 23.7307/01/2016 23.73 1SYS1058 0.000 23.73 123.7323.733,908,134.84Subtotal and Average 1 0.000 CERBT - OPEB Trust 1CalPERS CERBT Plan1114 1,934,231.01 1,934,231.0107/01/2020 1,934,231.01 1SYS1114 0.000 1,934,231.01 11,934,231.011,934,231.011,933,062.13Subtotal and Average 1 0.000 PARS Pension Trust 1Pblc Agncy Rtrmnt Serv1230 11,031,845.44 11,031,845.4407/01/2020 11,031,845.44 1SYS1230 0.000 11,031,845.44 111,031,845.4411,031,845.4410,998,265.90Subtotal and Average 1 0.000 700161,822,699.60 158,548,958.98 408 0.875160,286,518.04 158,308,518.65Total and Average Portfolio CITY CP Run Date: 05/05/2021 - 21:10 PM (PRF_PM2) 7.3.0 City of La Quinta Total Earnings City of La Quinta - Sorted by Fund - Fund March 1, 2021 - March 31, 2021 Current Rate Ending Par Value Ending Fund Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted InterestAnnualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 1,000,000.0012891,000,000.00 0.560FNMA 466.66 0.00 466.660.5491011,000,000.003136G4N74 0.00 500,000.001288500,000.00 0.500FNMA 208.33 0.00 208.330.491101500,000.003135G05S8 0.00 499,750.001290500,000.00 0.520FNMA 216.67 0.00 216.670.510101499,750.003136G4M75 0.00 499,250.001292500,000.00 0.560FNMA 233.33 0.00 233.330.550101499,250.003135GA2Z3 0.00 499,250.001291500,000.00 0.420FNMA 175.00 0.00 175.000.413101499,250.003135G06E8 0.00 500,000.001300500,000.00 0.400FNMA 166.67 0.00 166.670.392101500,000.003135GAAW1 0.00 500,000.001299500,000.00 0.600FNMA 250.00 0.00 250.000.589101500,000.003135GA7D7 0.00 992,100.0012331,000,000.00 1.375FNMA 1,145.83 0.00 1,145.831.360101992,100.003135G0W33 0.00 495,950.001206500,000.00 1.750FNMA 729.16 0.00 729.161.731101495,950.003135G0V75 0.00 500,000.001301500,000.00 0.550FHLMC 229.17 0.00 229.170.540101500,000.003134GXGZ1 0.00 997,300.0012971,000,000.00 0.375FHLMC 312.50 0.00 312.500.369101997,300.003137EAEU9 0.00 1,000,000.0012791,000,000.00 0.625FHLMC 520.84 0.00 520.840.6131011,000,000.003134GVYG7 0.00 998,500.0012751,000,000.00 0.700FHLMC 583.33 0.00 583.330.688101998,500.003134GVLC0 0.00 495,999.501307500,000.00 0.375FHLMC 156.25 0.00 156.250.371101495,999.503137EAEX3 0.00 983,940.0013101,000,000.00 0.375FHLMC 10.41 0.00 10.410.1931010.003137EAEX3 0.00 992,200.0011051,000,000.00 1.700FFCB 1,416.67 0.00 1,416.671.681101992,200.003133EHWM1 0.00 499,500.001198500,000.00 1.875FFCB 781.25 0.00 781.251.842101499,500.003133EKQP4 0.00 247,275.001158250,000.00 2.800FFCB 583.34 0.00 583.342.778101247,275.003133EJYL7 0.00 499,500.001212500,000.00 1.850FFCB 770.83 0.00 770.831.817101499,500.003133EKWV4 0.00 996,900.0012341,000,000.00 1.600FFCB 1,333.34 0.00 1,333.341.575101996,900.003133EK4X1 0.00 499,400.001223500,000.00 1.600FFCB 666.66 0.00 666.661.572101499,400.003133EKZK5 0.00 498,750.001224500,000.00 1.600FFCB 666.67 0.00 666.671.574101498,750.003133EKP75 0.00 998,600.0012421,000,000.00 1.700FFCB 1,416.67 0.00 1,416.671.670101998,600.003133ELEA8 0.00 500,000.001282500,000.00 0.680FFCB 283.33 0.00 283.330.667101500,000.003133ELH80 0.00 999,000.0012461,000,000.00 1.430FFCB 1,191.66 0.00 1,191.661.404101999,000.003133ELNE0 0.00 499,850.001280500,000.00 0.500FFCB 208.34 0.00 208.340.491101499,850.003133ELH23 0.00 999,217.3612471,000,000.00 1.400FFCB 1,166.67 0.00 1,166.671.375101999,217.363133EGWJ0 0.00 499,850.001281500,000.00 0.500FHLB 208.33 0.00 208.330.491101499,850.003130AJKW8 0.00 500,000.001302500,000.00 0.510FHLB 212.50 0.00 212.500.500101500,000.003130AKMZ6 0.00 500,000.001312500,000.00 0.500FHLB 6.94 0.00 6.940.2531010.003130ALV92 0.00 Portfolio CITY CP Run Date: 05/05/2021 - 21:25 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 2 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest March 1, 2021 - March 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 498,550.001177500,000.00 2.500FHLB 1,041.67 0.00 1,041.672.460101498,550.003130AFW94 0.00 500,000.001304500,000.00 0.550FHLB 229.17 0.00 229.170.540101500,000.003130AKN28 0.00 497,400.001298500,000.00 0.375FHLB 156.25 0.00 156.250.370101497,400.003130AKFA9 0.00 300,000.001283300,000.00 0.680FHLB 170.00 0.00 170.000.667101300,000.003130AJRP6 0.00 496,650.001192500,000.00 1.750USTR 749.31 0.00 749.311.776101496,650.00912828SV3 0.00 495,100.001309500,000.00 0.375USTR 160.56 0.00 160.560.382101495,100.0091282CBH3 0.00 977,500.0013111,000,000.00 0.250USTR 13.81 0.00 13.810.2581010.0091282CAT8 0.00 1,942,800.0010702,000,000.00 1.250USTR 2,140.89 0.00 2,140.891.2971011,942,800.00912828T67 0.00 499,300.001217500,000.00 1.375USTR 585.40 0.00 585.401.380101499,300.00912828T26 0.00 5,000,000.0010455,000,000.00 1.125USTR 4,816.99 0.00 4,816.991.1341015,000,000.00912828S27 0.00 493,610.001193500,000.00 1.375USTR 585.51 0.00 585.511.397101493,610.00912828R77 0.00 489,687.501178500,000.00 1.875USTR 798.27 0.00 798.271.919101489,687.509128282W9 0.00 498,632.811303500,000.00 0.375USTR 160.57 0.00 160.570.379101498,632.8191282CBC4 0.00 989,687.5012411,000,000.00 1.500USTR 1,277.47 0.00 1,277.471.520101989,687.50912828YV6 0.00 248,000.001174248,000.00 3.000WELLS 631.89 0.00 631.893.000101248,000.00949763XY7 0.00 2,241,607.3210572,241,607.32WELLS 0.01 0.00 0.011011,964,162.334159282482 0.00 240,000.001078240,000.00 2.400GLDMAN 489.21 0.00 489.212.400101240,000.0038148PJK4 0.00 240,000.001077240,000.00 2.250AMEX 458.63 0.00 458.632.250101240,000.0002587DP85 0.00 240,000.001067240,000.00 2.200BMW 448.44 0.00 448.442.200101240,000.0005580AGK4 0.00 248,000.001169248,000.00 3.400MEDBA 716.14 0.00 716.143.400101248,000.0058404DCX7 0.00 240,000.001097240,000.00 2.300BARCLY 468.82 0.00 468.822.300101240,000.0006740KLJ4 0.00 245,000.001112245,000.00 2.5003RD 520.21 0.00 520.212.500101245,000.0088413QBY3 0.00 248,000.001163248,000.00 3.250MRRCK 684.55 0.00 684.553.250101248,000.0059013J4K2 0.00 240,000.001128240,000.00 2.800TOWNE 570.74 0.00 570.742.800101240,000.0089214PBL2 0.00 248,000.001173248,000.00 2.750MORTN 579.23 0.00 579.232.750101248,000.00619165JD6 0.00 245,000.001306245,000.00 0.500EVRBA 104.04 0.00 104.040.500101245,000.0087270LDL4 0.00 245,000.001271245,000.00 1.600CAPONE 332.93 0.00 332.931.600101245,000.0014042TDD6 0.00 0.0011760.00 2.500ALLY 117.46 0.00 117.462.500101245,000.0002007GHX4 0.00 240,000.001032240,000.00 1.500PRVTBA 305.75 0.00 305.751.500101240,000.0074267GVG9 0.00 57,363,733.52105557,363,733.52 0.357LAIF 22,644.20 0.00 22,644.200.42810162,363,733.5298-33-434 0.00 3,257,492.6412933,257,492.64BNY 0.01 0.00 0.01101230,041.47SYS1293 0.00 240,000.001066240,000.00 2.250DISCOV 458.63 0.00 458.632.250101240,000.002546722U1 0.00 493,050.001079500,000.00 1.550APPL 645.83 0.00 645.831.542101493,050.00037833CC2 0.00 240,000.001080240,000.00 2.400SYNCHR 489.21 0.00 489.212.400101240,000.0087164XQV1 0.00 240,000.001082240,000.00 2.250CAP1NA 458.63 0.00 458.632.250101240,000.0014042RGD7 0.00 240,000.001083240,000.00 2.350SALMAE 479.02 0.00 479.022.350101240,000.00795450A70 0.00 240,000.001085240,000.00 1.850CNTRL 377.10 0.00 377.101.850101240,000.0015523RBJ4 0.00 Portfolio CITY CP Run Date: 05/05/2021 - 21:25 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 3 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest March 1, 2021 - March 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 240,000.001089240,000.00 1.900OHVAL 387.29 0.00 387.291.900101240,000.00677721CN0 0.00 245,000.001095245,000.00 2.250ALLIAN 468.19 0.00 468.192.250101245,000.0001859BAA3 0.00 240,000.001096240,000.00 2.400AMFSB 489.21 0.00 489.212.400101240,000.0002587CFU9 0.00 245,000.001099245,000.00 2.300MTNAMR 478.59 0.00 478.592.300101245,000.0062384RAC0 0.00 245,000.001101245,000.00 2.100KANSAS 436.97 0.00 436.972.100101245,000.0050116CBE8 0.00 245,000.001102245,000.00 2.100BELMNT 436.97 0.00 436.972.100101245,000.00080515CD9 0.00 245,000.001106245,000.00 2.200CRS1ST 457.78 0.00 457.782.200101245,000.0022766ACB9 0.00 245,000.001107245,000.00 2.150ENTRPR 447.37 0.00 447.372.150101245,000.0029367QCP1 0.00 245,000.001236245,000.00 1.900MSPRIV 395.35 0.00 395.351.900101245,000.0061760A3B3 0.00 245,000.001237245,000.00 1.950MORGST 405.76 0.00 405.761.950101245,000.0061690UNX4 0.00 245,000.001110245,000.00 2.400KNOX 499.40 0.00 499.402.400101245,000.00499724AB8 0.00 3,300.0010593,300.00CITYPC 0.00 0.00 0.001013,300.00SYS1059 0.00 1,934,231.0111141,934,231.01CALPRS 0.00 0.00 0.001011,933,023.17SYS1114 0.00 378,360.001157400,000.00 2.000MCRSFT 666.67 0.00 666.672.075101378,360.00594918BQ6 0.00 245,000.001119245,000.00 2.800ANECA 582.64 0.00 582.642.800101245,000.00034577AH9 0.00 0.0011200.00 2.550UNITY 273.86 0.00 273.862.550101245,000.0091330ABN6 0.00 245,000.001123245,000.00 2.900CITINA 603.44 0.00 603.442.900101245,000.0017312QJ26 0.00 240,000.001125240,000.00 2.950ENER 601.32 0.00 601.322.950101240,000.0029278TAY6 0.00 240,000.001126240,000.00 2.800FARMIG 570.74 0.00 570.742.800101240,000.0030960QAG2 0.00 240,000.001127240,000.00 2.700NORPNT 550.36 0.00 550.362.700101240,000.00666613GV0 0.00 240,000.001134240,000.00 3.050UOFICU 621.70 0.00 621.703.050101240,000.0091435LAG2 0.00 245,000.001226245,000.00 1.800NYCMBK 374.55 0.00 374.551.800101245,000.00649447TC3 0.00 245,000.001143245,000.00 3.100ALLGNC 645.06 0.00 645.063.100101245,000.0001748DBE5 0.00 245,000.001144245,000.00 3.150RCB 655.46 0.00 655.463.150101245,000.0074934YAH4 0.00 245,000.001147245,000.00 3.1501STNBA 655.46 0.00 655.463.150101245,000.0032110YLK9 0.00 245,000.001148245,000.00 3.000TRAD 624.25 0.00 624.253.000101245,000.0089269CBX9 0.00 245,000.001149245,000.00 3.000PCSB 624.25 0.00 624.253.000101245,000.0069324MAD7 0.00 240,000.001150240,000.00 3.100GECRUN 631.89 0.00 631.893.100101240,000.00369674AV8 0.00 249,000.001151249,000.00 3.250NWENGL 687.31 0.00 687.313.250101249,000.0006426KAN8 0.00 854,058.291153854,058.29 0.080CAMP 60.65 0.00 60.650.084101853,997.64SYS1153 0.00 245,000.001154245,000.00 3.350JEFF 697.08 0.00 697.083.350101245,000.00474067AQ8 0.00 248,000.001155248,000.00 3.300MARBUS 695.08 0.00 695.083.300101248,000.0057116ARV2 0.00 487,950.001159500,000.00 2.300P&G 958.33 0.00 958.332.312101487,950.00742718DY2 0.00 245,000.001160245,000.00 3.200MUNTRS 665.86 0.00 665.863.200101245,000.00625925AR3 0.00 245,000.001161245,000.00 3.350UBS 697.08 0.00 697.083.350101245,000.0090348JEJ5 0.00 248,000.001162248,000.00 3.400COMMBK 716.14 0.00 716.143.400101248,000.0020143PDV9 0.00 248,000.001164248,000.00 3.550NMRCA 747.74 0.00 747.743.550101248,000.0067054NAN3 0.00 Portfolio CITY CP Run Date: 05/05/2021 - 21:25 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 4 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest March 1, 2021 - March 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 248,000.001166248,000.00 3.350REDRCK 705.61 0.00 705.613.350101248,000.0075701LAB3 0.00 245,000.001167245,000.00 3.200NEIGH 665.86 0.00 665.863.200101245,000.0064017AAQ7 0.00 245,000.001168245,000.00 3.1501STSRC 655.46 0.00 655.463.150101245,000.0033646CKP8 0.00 245,000.001170245,000.00 3.400NLCOOP 707.48 0.00 707.483.400101245,000.00635573AL2 0.00 248,000.001171248,000.00 3.300MAINE 695.08 0.00 695.083.300101248,000.00560507AK1 0.00 248,000.001172248,000.00 3.350BARHAR 705.61 0.00 705.613.350101248,000.00066851WJ1 0.00 485,250.001175500,000.00 1.950COLGTE 812.50 0.00 812.501.971101485,250.0019416QEA4 0.00 248,000.001179248,000.00 2.8001STNBK 589.76 0.00 589.762.800101248,000.0032117BCX4 0.00 248,000.001180248,000.00 2.700VERUS 568.71 0.00 568.712.700101248,000.0092535LCD4 0.00 248,000.001181248,000.00 2.950NRTHWS 621.36 0.00 621.362.950101248,000.0066736ABP3 0.00 248,000.001184248,000.00 2.500CENTNX 526.57 0.00 526.572.500101248,000.00156634AK3 0.00 245,000.001185245,000.00 3.250JPMORG 676.27 0.00 676.273.250101245,000.0048128HXU7 0.00 245,000.001186245,000.00 2.400IOWAST 499.40 0.00 499.402.400101245,000.0046256YAZ2 0.00 248,000.001187248,000.00 2.400TSCOLA 505.51 0.00 505.512.400101248,000.0087266AAA1 0.00 248,000.001188248,000.00 2.600MAINST 547.64 0.00 547.642.600101248,000.0056065GAG3 0.00 248,000.001189248,000.00 2.500CONGRS 526.58 0.00 526.582.500101248,000.0020726ABA5 0.00 496,650.001190500,000.00 2.350WALMRT 979.16 0.00 979.162.321101496,650.00931142DU4 0.00 245,000.001194245,000.00 2.500PITTS 520.20 0.00 520.202.500101245,000.00725404AB3 0.00 245,000.001195245,000.00 2.550PLAINS 530.61 0.00 530.612.550101245,000.0072651LCL6 0.00 248,000.001196248,000.00 2.600EVNSCU 547.64 0.00 547.642.600101248,000.00299547AQ2 0.00 248,000.001197248,000.00 2.400LEGCY 505.51 0.00 505.512.400101248,000.00524661CB9 0.00 248,000.001199248,000.00 2.400CTZNST 505.51 0.00 505.512.400101248,000.00176688CP2 0.00 248,000.001200248,000.00 2.300AMERCU 484.45 0.00 484.452.300101248,000.0003065AAL7 0.00 245,000.001201245,000.00 2.150STRLNG 447.38 0.00 447.382.150101245,000.0085916VDC6 0.00 248,000.001202248,000.00 2.250COMMW 473.92 0.00 473.922.250101248,000.0020416TAQ5 0.00 247,000.001203247,000.00 2.300REVER 482.49 0.00 482.492.300101247,000.00761402BY1 0.00 248,000.001205248,000.00 2.000AMRNTL 421.26 0.00 421.262.000101248,000.0002772JBD1 0.00 248,000.001207248,000.00 1.950ABACUS 410.73 0.00 410.731.950101248,000.0000257TBD7 0.00 248,000.001208248,000.00 2.000LKSIDE 421.26 0.00 421.262.000101248,000.0051210SQU4 0.00 248,000.001209248,000.00 2.0001STSEC 421.26 0.00 421.262.000101248,000.0033625CCP2 0.00 248,000.001210248,000.00 2.000PEOPLE 421.26 0.00 421.262.000101248,000.00710571DS6 0.00 249,000.001213249,000.00 2.000PREFRD 422.96 0.00 422.962.000101249,000.00740367HP5 0.00 248,000.001214248,000.00 2.000UNTDCU 421.26 0.00 421.262.000101248,000.00910160AH3 0.00 248,000.001215248,000.00 2.000WSHFED 421.26 0.00 421.262.000101248,000.00938828BH2 0.00 249,000.001216249,000.00 1.9501STIER 412.39 0.00 412.391.950101249,000.0033766LAJ7 0.00 244,000.001218244,000.00 1.950RAYJAM 404.11 0.00 404.111.950101244,000.0075472RAD3 0.00 245,000.001219245,000.00 1.900CITBNK 395.36 0.00 395.361.900101245,000.0012556LBA3 0.00 Portfolio CITY CP Run Date: 05/05/2021 - 21:25 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 5 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest March 1, 2021 - March 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 248,000.001220248,000.00 1.850CELTIC 389.67 0.00 389.671.850101248,000.0015118RRH2 0.00 249,000.001221249,000.00 1.8501STNBS 391.24 0.00 391.241.850101249,000.00334342CD2 0.00 248,000.001222248,000.00 1.8001STDQN 379.13 0.00 379.131.800101248,000.00336460CX6 0.00 245,000.001225245,000.00 1.600LUANA 332.94 0.00 332.941.600101245,000.00549104JN8 0.00 2,153,669.0212282,153,669.02BOTW 0.01 0.00 0.011013,992,457.55059731851 0.00 248,000.001227248,000.00 1.700BNKWST 358.07 0.00 358.071.700101248,000.0006652CHB0 0.00 11,031,845.44123011,031,845.44PARS 0.00 0.00 0.0010110,997,146.58SYS1230 0.00 248,000.001231248,000.00 1.7001STSER 358.07 0.00 358.071.700101248,000.0033640VDD7 0.00 248,000.001235248,000.00 1.700SAUKVL 358.08 0.00 358.081.700101248,000.00804375DL4 0.00 248,000.001238248,000.00 1.800LIVEOK 379.13 0.00 379.131.800101248,000.00538036GV0 0.00 248,000.001239248,000.00 1.900KERNCU 400.20 0.00 400.201.900101248,000.0049228XAK6 0.00 248,000.001240248,000.00 1.850SF FCU 389.67 0.00 389.671.850101248,000.0079772FAC0 0.00 248,000.001244248,000.00 1.900WFNBW 400.20 0.00 400.201.900101248,000.00949495AT2 0.00 248,000.001248248,000.00 1.550FRDMFI 326.48 0.00 326.481.550101248,000.0035637RDC8 0.00 248,000.001249248,000.00 1.650UNTDCM 347.54 0.00 347.541.650101248,000.0090983WBT7 0.00 248,000.001250248,000.00 1.6501STNMI 347.54 0.00 347.541.650101248,000.0032114VBT3 0.00 245,000.001251245,000.00 1.650RLLSTN 343.34 0.00 343.341.650101245,000.0077579ADF0 0.00 248,000.001252248,000.00 1.650CITADL 347.54 0.00 347.541.650101248,000.0017286TAG0 0.00 245,000.001253245,000.00 1.600SYNOVS 332.93 0.00 332.931.600101245,000.0087164DRD4 0.00 248,000.001254248,000.00 1.600SERVIS 337.00 0.00 337.001.600101248,000.0081768PAF3 0.00 248,000.001255248,000.00 1.600AMERST 337.00 0.00 337.001.600101248,000.00029728BC5 0.00 248,000.001256248,000.00 1.600ACCSS 337.00 0.00 337.001.600101248,000.0000435JBH5 0.00 248,000.001257248,000.00 1.500SPRING 315.95 0.00 315.951.500101248,000.00849430BF9 0.00 248,000.001258248,000.00 1.650AXOS 347.54 0.00 347.541.650101248,000.0005465DAE8 0.00 245,000.001259245,000.00 1.200CADNCE 249.70 0.00 249.701.200101245,000.0012738RFX7 0.00 245,000.001260245,000.00 1.100TEXAS 228.89 0.00 228.891.100101245,000.00882213AB7 0.00 248,000.001261248,000.00 1.100SNTCLR 231.69 0.00 231.691.100101248,000.0006424KBC3 0.00 248,000.001262248,000.00 1.350TRIAD 284.35 0.00 284.351.350101248,000.0089579NCD3 0.00 248,000.001263248,000.00 1.150NRTHSR 242.22 0.00 242.221.150101248,000.0066704MEQ0 0.00 248,000.001264248,000.00 1.300BELLCO 273.82 0.00 273.821.300101248,000.0007833EAD9 0.00 248,000.001265248,000.00 1.150WESTMI 242.22 0.00 242.221.150101248,000.00954444BS3 0.00 248,000.001266248,000.00 1.400NCOLET 294.88 0.00 294.881.400101248,000.00654062JZ2 0.00 248,000.001267248,000.00 1.400ALMABK 294.88 0.00 294.881.400101248,000.00020080BX4 0.00 248,000.001268248,000.00 1.250CMWBUS 263.29 0.00 263.291.250101248,000.002027506M2 0.00 245,000.001269245,000.00 1.300PACWST 270.51 0.00 270.511.300101245,000.0069506YRH4 0.00 248,000.001270248,000.00 1.250BELB&T 263.29 0.00 263.291.250101248,000.0008016PDQ9 0.00 248,000.001272248,000.00 1.250THEJEF 263.29 0.00 263.291.250101248,000.00472382AQ3 0.00 Portfolio CITY CP Run Date: 05/05/2021 - 21:25 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 6 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest March 1, 2021 - March 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 249,000.001273249,000.00 1.2001STFDM 253.77 0.00 253.771.200101249,000.0032027BAL1 0.00 248,000.001274248,000.00 1.3501STMCG 284.35 0.00 284.351.350101248,000.0032112UDR9 0.00 248,000.001276248,000.00 1.250FLGSTR 263.29 0.00 263.291.250101248,000.0033847E3A3 0.00 245,000.001277245,000.00 1.000WSTRNS 208.08 0.00 208.081.000101245,000.0095960NKD8 0.00 248,000.001278248,000.00 1.0001STINT 210.63 0.00 210.631.000101248,000.0032056GDJ6 0.00 248,000.001284248,000.00 0.600CHIPVA 126.38 0.00 126.380.600101248,000.00169894AS1 0.00 248,000.001285248,000.00 0.350AMR1ST 73.72 0.00 73.720.350101248,000.0002616AAH2 0.00 248,000.001286248,000.00 0.500STHRNB 105.32 0.00 105.320.500101248,000.0084223QAN7 0.00 248,000.001287248,000.00 0.500BKPRNC 105.32 0.00 105.320.500101248,000.00064520BG3 0.00 248,000.001305248,000.00 0.500LNDMRK 105.32 0.00 105.320.500101248,000.0051507LCC6 0.00 497,300.001308500,000.00 0.500IFC 214.09 0.00 214.090.507101497,300.0045950VPS9 0.00 130,583.111318130,583.11DPME 0.00 0.00 0.001010.00SYS1318 0.00 147,651,520.35Subtotal 147,411,080.02 0.902 113,962.650.00113,962.65148,806,981.93 0.00 Fund: Fiscal Agent 23.73105823.73USBANK 6.90 0.00 6.900.0022314,038,405.21SYS1058 0.00 23.73Subtotal 23.73 0.002 6.900.006.904,038,405.21 0.00 Fund: Housing Authority : WSA and LQ 328,273.801062328,273.80LQPR 0.00 0.00 0.00241307,537.06SYS1062 0.00 328,273.80Subtotal 328,273.80 0.000.000.00307,537.06 0.00 Fund: SA Low/Mod Bond Fund 10,569,141.10111310,569,141.10 0.357LAIF 3,978.17 0.00 3,978.170.44324910,569,141.1025-33-005 0.00 10,569,141.10Subtotal 10,569,141.10 0.443 3,978.170.003,978.1710,569,141.10 0.00 158,548,958.98Total 158,308,518.65 0.849 117,947.720.00117,947.72163,722,065.30 0.00 Portfolio CITY CP Run Date: 05/05/2021 - 21:25 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta -City of La Quinta Maturity Report Sorted by Maturity Date Amounts due during January 1, 2021 - March 31, 2021 Rate at MaturityPar Value Sec. TypeFund Maturity Date Maturity ProceedsInterest Income Net CUSIP Investment #Issuer Purchase Date Book Value at Maturity 240,000.00 1.800 240,366.90366.9007/14/2017BNKRS108606610RAP4MC110101/14/2021 366.90240,000.00 248,000.00 3.000 248,020.3820.3812/17/2018FARMBU1165307660LC2MC110101/18/2021 20.38248,000.00 245,000.00 2.850 245,593.03593.0307/20/2018EAGLE114627002YDV5MC110101/20/2021 593.03245,000.00 248,000.00 2.100 248,442.32442.3207/31/2019NFNITY121145667EDY1MC110102/01/2021 442.32248,000.00 240,000.00 1.700 240,346.52346.5202/22/2016CCBA100920033APG5MC110102/22/2021 346.52240,000.00 245,000.00 2.500 245,016.7816.7803/07/2019ALLY117602007GHX4MC110103/08/2021 16.78245,000.00 245,000.00 2.550 245,479.26479.2603/16/2018UNITY112091330ABN6MC110103/16/2021 479.26245,000.00 1,713,265.19Total Maturities 1,711,000.00 2,265.191,711,000.00 2,265.19 Portfolio CITY CP Run Date: 05/05/2021 - 21:14 MA (PRF_MA) 7.1.1 Report Ver. 7.3.6.1 City of La Quinta -City of La Quinta Purchases Report Sorted by Security Type - Fund January 1, 2021 - March 31, 2021 Original Par Value Ending Book Value Sec. TypeFund Maturity YTM Accrued Interest at PurchasePayment Periods DateCUSIPInvestment #Issuer Purchase Date Principal Purchased Rate at Purchase Bank Accounts 69,741.76 130,583.1169,741.7603/09/2021 / - MonthlyDPME1318SYS1318RRP101 Subtotal 130,583.1169,741.76 0.0069,741.76 Federal Agency Coupon Securities 500,000.00 0.510 01/14/2026 500,000.00500,000.0001/14/2021 0.51007/14 - 01/14FHLB13023130AKMZ6FAC101 500,000.00 0.550 01/29/2026 500,000.00500,000.0001/29/2021 0.55007/29 - 01/29FHLB13043130AKN28FAC101 500,000.00 0.375 09/23/2025 495,999.50495,999.50 Received02/23/2021 0.55203/23 - 09/23FHLMC13073137EAEX3FAC101 500,000.00 0.500 03/30/2026 500,000.00500,000.0003/30/2021 0.93809/30 - 03/30FHLB13123130ALV92FAC101 1,000,000.00 0.375 09/23/2025 983,940.00983,940.00 Received03/30/2021 0.74009/23 - 03/23FHLMC13103137EAEX3FAC101 Subtotal 2,979,939.502,979,939.50 0.003,000,000.00 Treasury Coupon Securities 500,000.00 0.375 12/31/2025 498,632.81498,632.81 Received01/07/2021 0.43106/30 - 12/31USTR130391282CBC4TRC101 500,000.00 0.375 01/31/2026 495,100.00495,100.00 Received02/23/2021 0.57707/31 - 01/31USTR130991282CBH3TRC101 1,000,000.00 0.250 10/31/2025 977,500.00977,500.00 Received03/30/2021 0.75004/30 - 10/31USTR131191282CAT8TRC101 Subtotal 1,971,232.811,971,232.81 0.002,000,000.00 Certificate of Deposits 248,000.00 0.500 01/22/2026 248,000.00248,000.0001/22/2021 0.50002/22 - MonthlyLNDMRK130551507LCC6MC1101 245,000.00 0.500 02/12/2026 245,000.00245,000.0002/12/2021 0.50008/12 - 02/12EVRBA130687270LDL4MC1101 Subtotal 493,000.00493,000.00 0.00493,000.00 Corporate Notes 500,000.00 0.500 02/26/2026 497,300.00497,300.0002/26/2021 0.61008/26 - 02/26IFC130845950VPS9MC2101 Subtotal 497,300.00497,300.00 0.00500,000.00 6,011,214.07Total Purchases 6,062,741.76 0.00 6,072,055.42 Received = Accrued Interest at Purchase was received by report ending date. Portfolio CITY CP Run Date: 05/05/2021 - 21:12 PU (PRF_PU) 7.1.1 Report Ver. 7.3.6.1 US Treasury Rates https://www.treasury.gov/resource-center/data-chart -center/interest -rates/Pages/TextView.aspx?data=yieldYear&year=2020 Date 1 mo 2 mo 3 mo 6 mo 1 yr 2 yr 3 yr 5 yr 7 yr 10 yr 20 yr 30 yr Effective Rate of R eturn City Portfolio (month) 1/29/2021 0.07 0.07 0.06 0.07 0.1 0.11 0.19 0.45 0.79 1.11 1.68 1.87 0.89 2/26/2021 0.04 0.04 0.04 0.05 0.08 0.14 0.3 0.75 1.15 1.44 2.08 2.17 0.87 3/31/2021 0.01 0.01 0.03 0.05 0.07 0.16 0.35 0.92 1.4 1.74 2.31 2.41 0.86 City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: May 12, 2021 STAFF REPORT AGENDA TITLE: REVIEW AND APPROVE THE FISCAL YEAR 2021/22 MEETING DATES RECOMMENDATION Review and approve the fiscal year 2021/22 meeting dates. EXECUTIVE SUMMARY •Annually the Financial Advisory Commission (FAC) and staff discuss and select meeting dates for the following fiscal year. •The FAC shall meet quarterly with the ability to schedule special meetings as needed throughout the year. FISCAL IMPACT FAC members are eligible to receive $75 per member, per meeting attended. The proposed 2021/22 budget will be $3,700 for four regularly scheduled quarterly meetings plus an allowance for three special meetings per year for a seven-member Commission. BACKGROUND/ANALYSIS The FAC shall meet quarterly and may schedule additional special meetings as needed. Meeting dates for the current fiscal year 2020/21 are as follows: August 5, 2020 – Wednesday October 7, 2020 – Wednesday, proposed special meeting date November 4, 2020 – Wednesday February 10, 2021 – Wednesday April 7, 2021 – Wednesday, proposed special meeting date May 12, 2021 – Wednesday June 2, 2021 – Wednesday, proposed special meeting date Proposed Meeting dates for the next fiscal year 2021/22 are as follows: August 4, 2021 – Wednesday October 6, 2021 – Wednesday, proposed special meeting date November 10, 2021 – Wednesday February 9, 2022 – Wednesday BUSINESS SESSION ITEM NO. 1 April 6, 2022 – Wednesday, proposed special meeting date May 11, 2022 – Wednesday June 1, 2022 – Wednesday, proposed special meeting date ALTERNATIVES: The FAC may amend the proposed meeting dates. Prepared by: Claudia Martinez, Interim Finance Director City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: May 12, 2021 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE FISCAL YEAR 2020/21 THIRD QUARTER BUDGET REPORT RECOMMENDATION Receive and file fiscal year 2020/21 Third Quarter Budget Report. EXECUTIVE SUMMARY •The 2020/21 Third Quarter Budget Report (Attachment 1) provides an update of the City’s fiscal activities from July 2020 to March 2021. •The Report includes revenue and expenditure adjustments. •Budget adjustments were approved by City Council April 20, 2021. FISCAL IMPACT Recommended adjustments to the General Fund and Special Revenue Funds are as follows: BACKGROUND/ANALYSIS Throughout the fiscal year each Department monitors their budget and proposes adjustments to reflect current conditions and ongoing operational needs. Requests are reviewed and discussed by the City Manager and Directors before recommendations are presented in the Budget Report (Attachment 1). Funds with no adjustments have been excluded. Fund #Fund Name Revenues Expenses 101 General Fund 2,645,000$ 409,600$ 203 Public Safety Fund 332,000 - 215 Lighting and Landscape Fund (19,900) - 249 SA 2011 Low/Mod Bond Fund 1,000 - 252 Civic Center DIF Fund 2,000 - 254 Community and Cultural Centers DIF Fund 60,000 - 601 SilverRock Golf Course Fund 300,000 - TOTAL ADJUSTMENTS ALL FUNDS 3,320,100$ 409,600$ BUSINESS SESSION ITEM NO. 2 ALTERNATIVES No alternatives are recommended. Prepared by: Claudia Martinez, Interim Finance Director Attachment: 1. 2020/21 Third Quarter Budget Report Fiscal Year 2020/21 Third Quarter Budget Report SUMMARY Quarterly budget reports are presented to provide ongoing oversight of public funds, relate current and upcoming activities, and request funding adjustments. This report is an integral part of the upcoming fiscal year (FY) 2021/22 budget process; it provides transparency to the City’s budget and finances and delivers critical data for informed decision-making. The Third Quarter Budget Report focuses on the status of the City’s budget as of March 31, 2021 and recommends adjustments to ensure the budget reflects the City’s current revenue outlook and is responsive to changing spending priorities and contract trends. With the knowledge and confidence that the City’s current position is built on a strong fiscal foundation, with healthy reserves and planning for anticipated operational needs, the City is well positioned for the upcoming FY 2021/22 Budget. Revenue and expense adjustments for the General Fund are detailed in Exhibit 1 and Special Funds are in Exhibit 2. An overall General Fund Budget summary can be found in Exhibit 3. GENERAL FUND REVENUES The largest of the revenue adjustments are focused on General Fund revenue sources, which are sales taxes and transient (hotel) occupancy taxes (TOT). Sales Taxes - Sales tax revenues have been stronger than anticipated, mainly reflecting the strong rebound in household consumption spending during the second half of calendar year 2020. Notwithstanding another unanticipated severe economic impact, revised projections estimate the City could receive an additional $1,720,000 in sales tax revenue by year-end; of this amount $800,000 is derived from the State sales tax rate and $920,000 is derived from local Measure G sales taxes, which will increase the current fiscal year Measure G reserve contribution to $5,547,200. TOT - Transient Occupancy Tax (TOT) revenue is the most significantly impacted of the major revenue sources during this COVID-19 pandemic. The recommended increase of $800,000 is based on revenues collected during the ATTACHMENT 1 first nine months of the fiscal year and moderate activity for the remainder of the fiscal year. Fines and Other Taxes – Budget adjustments to increase Property Tax Revenue of $62,000 and Property Taxes in Lieu of Vehicle License Fee (VLF) of $150,000 are recommended. Based on HDL Companies revenue projections, residential use and commercial property growth have increased. One-Time Revenues – County Service Area (CSA) 152 reimbursements were budgeted higher than expected and a $87,000 decrease is needed to end the year in line with the anticipated budget. Unreimbursed funds shall remain with the County for future eligible expenses. EXPENSES As of the third quarter, departments are requesting budget adjustments to coincide with additional operational and service needs as COVID-19 subsides. This will ensure enhanced service levels can be provided and enable departments to end the year within budget appropriations. The recommended adjustments are summarized below. One-Time Expenses – A General fund transfer out to the SilverRock Golf Course Fund is requested in the amount of $300,000 to cover reduced revenues due to diminished play from out of town travelers that would normally be paying full rates during COVID-19 and the ending negative fund balance in the prior fiscal year, which was largely the result of the closure of the golf course during the final months of FY 2019/20. Community Resources – Police Contract Services savings of $332,000 are recommended to be transferred to the Public Safety Fund. These savings are derived from enhancing and modifying resources for patrol and contract savings. Based on recommendations of the Police Service Review Committee, five out of the six Community Service Officers are assigned to patrol, completed training, and are currently working under the Sheriff’s workload model. Public Works – The SilverRock Event site construction is completed therefore operational expenses are requested for the park. Maintenance expenses include $28,000 for landscape services, $7,600 for electrical utility services and $6,000 for water services. These expenses have also been incorporated into the proposed FY 2021/22 budget. An increase of $8,000 for Fritz Burns Pool Gas is requested for heating expenses. The FY 2020/21 budget did not anticipate the pool opening before the summer of 2021. Additional funding of $60,000 is requested to cover additional dust suppression costs on all vacant City-owned land around SilverRock. SPECIAL REVENUE FUNDS Special Revenue Funds account for specific revenues and their related expenditures that are legally required to be held in separate funds. Revenues are derived from developer impact fees, property tax assessments, State and Federal programs, housing income, or operations. These restricted funds are for road repairs, recycling programs, art in public places, housing activities, police programs, and the administration of retiree benefits through trusts. Expense adjustments without matching revenue adjustments would be funded from available fund balances in each Fund. Public Safety Fund – An increase of $332,000 is recommended to reflect the savings from Police Services in the General Fund and allocates these funds to the Public Safety Fund, which could be used to cover future cost increases, unanticipated contractual cost increases, or public safety capital project expenses. Lighting and Landscape Fund – A decrease of $19,900 is requested to meet the actual assessment charges that will be collected based on the Equivalent Benefit Unit (EBU)’s in our area. SA 2011 Low/Mod Bond Fund – Based on citywide interest allocations, an increase of $1,000 is requested to recognize LAIF housing interest. Development Impact Fee (DIF) Funds – Adjustments are recommended in two DIF Funds. A $2,000 increase is requested in the Civic Center DIF Fund due to interest earned after the loan write-off in June 2019. An increase of $60,000 in the Community and Cultural Centers DIF Fund is requested to reflect increased year to date building permit activity. SilverRock Golf Course Fund – To cover the negative cash balance, a $300,000 transfer in from the General Fund is requested. City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: May 12, 2021 STAFF REPORT AGENDA TITLE: DISCUSS FISCAL YEAR 2021/22 PRELIMINARY PROPOSED BUDGET RECOMMENDATION Discuss fiscal year 2021/22 preliminary proposed budget. EXECUTIVE SUMMARY •This first budget study session focuses on the General Fund and Internal Service Funds. This information was presented to the City Council on May 4, 2021. •A second City Council budget study session on May 18, 2021 will cover Special Revenue Funds, Capital Funds, and Enterprise Funds of the City. •A second budget study session will be presented to the Financial Advisory Commission (FAC) on June 2, 2021 and will include all funds of the City. •All departments evaluated budget needs based on the City’s priorities and COVID-19 operational impacts when preparing their 2021/22 budgets. •Final budget adoption is scheduled for June 15, 2021. FISCAL IMPACT The preliminary General Fund budget anticipates a surplus of $567,940 with projected General Fund revenues of $59,099,210 (including Measure G sales tax) and proposed operational and capital expenditures of $54,952,626. Unappropriated Measure G sales tax revenue of $3,578,644 shall remain in reserves. BACKGROUND/ANALYSIS The goal of this first study session is to provide an overview and allow time to meet with interested parties to address details that may not be easily conveyed in a study session format. Each department section contains extensive notes to explain changes in 2020/21, and projections for 2021/22. The budget is a puzzle put together to deliver city services to residents and visitors alike. Community input is greatly appreciated and necessary to ensure STUDY SESSION ITEM NO. 1 a vibrant and inclusive budget. It is our goal to use citizen input and feedback to develop the annual budget. The FAC provides oversight of Measure G funds and had two active sub-committees that reviewed the 2021/22 operating and capital improvement budgets. To encourage citizen participation in public meetings the 2021/22 budget schedule is available online at https://www.laquintaca.gov/our-city/city- departments/finance/budget/proposed-budget-2021-22-timeline and noted below. 5/4/2021 City Council Meeting - Budget Study Session #1 - (General Fund and Internal Service Funds focus) 5/5/2021 Housing Commission Meeting - Budget Study Session 5/12/2021 Financial Advisory Commission Meeting - Proposed General Fund and Capital Improvement Program Budgets 5/18/2021 City Council Meeting - Budget Study Session #2 - (General Fund, Enterprise, and Special Revenue Funds) 6/1/2021 City Council Meeting - Budget Study Session #3 - (All Appropriations) 6/1/2021 Housing Authority Board Meeting - Budget Study Session #1 (Housing Funds Only) 6/2/2021 Financial Advisory Commission Meeting - Final review of proposed Measure G sales tax uses 6/9/2021 Housing Commission Meeting - Final Review of proposed Housing Authority Budget 6/15/2021 City Council Meeting - Adopt Operating and CIP budget 6/15/2021 Housing Authority - Adopt Budget PUBLIC MEETING DATES FISCAL YEAR 2021/22 BUDGET Attachment 1 provides a narrative of General Fund revenues and expenses, Internal Service Funds, and Redevelopment Agency loan repayment to the City. Line item details for these revenues and expenses are located in Exhibit A of the Attachment. ALTERNATIVES The Commission may wish to request further information regarding specific items. Per State code the budget must be adopted prior to June 30. Prepared by: Claudia Martinez, Interim Finance Director Attachment: 1. Fiscal Year 2021/22 Proposed Budget Overview 2021/22 PROPOSED BUDGET STUDY SESSION #1 The first budget study session is designed to provide an overview of the General Fund and four Internal Service Funds (ISF’s). Special Revenue, Capital, and Enterprise Funds will be presented on May 18, 2021. Exhibit A includes proposed revenue and expenditure details for all General Fund and Internal Service Funds. As the City of La Quinta begins to emerge from the COVID-19 pandemic, with more residents becoming vaccinated and the State of California and County of Riverside further loosening restrictions on local business operations and tourism, we look forward to the transition to post-pandemic life and City business. While the city still faces financial challenges caused by the ongoing pandemic, we remain cautiously optimistic about an impending economic recovery. This budget is designed to keep the City of La Quinta thriving and address the needs and expectations of our community while taking the steps necessary to ensure our long-term fiscal health. In formulating budget proposals, departments were directed to evaluate all current expenditures including COVID -19 response and recovery as well as key operational needs for City departments to improve their functions and move forward efficiently. The proposed General Fund budget has a projected surplus of $567,940 as a result of cautious increases to revenue estimates along with expenditure projections that meet departmental needs for daily operations and reopening expenditures. The budget provides resources for public safety, daily operations and capital improvements for the upcoming fiscal year. Projections are anticipated to change before budget adoption. The final proposed budget will be structurally balanced. Revenues 59,099,210$ Less Operating/CIP Expenses (54,952,626) Preliminary Budget Surplus 4,146,584 Less Measure G Reserves (3,578,644) BUDGET SURPLUS 567,940$ GENERAL FUND FY 2021/22 PROPOSED BUDGET SUMMARY ATTACHMENT 1 REVENUES The City’s top three revenue sources for the General Fund total $38,767,000 (or 65% of the total $59,099,210) and continue to be: • Sales Taxes $21,500,000 • Property Taxes $8,927,000 • Transient Occupancy Taxes (TOT) $8,340,000 All revenue categories experienced increases with the exception of Intergovernmental which included reductions in use of fire service reserves and federal and state government revenue that is unknown at this time and Other/Miscellaneous which included a decrease in allocated interest due to current capital market conditions. Revenues by category are summarized below: While we are optimistic about the upcoming fiscal year, there are still many uncertainties when transitioning to the post-pandemic phase. A summary of the key highlights include: • Revenues are coming in higher than originally projected, although several key revenue streams remain below pre-pandemic levels • Employment trends are not expected to return to pre-COVID levels until 2022 and information technology trends have accelerated as a result of COVID in areas such as remote work, online e-commerce, education, and healthcare • New construction is expected to remain strong as interest rates remain low and demand for housing remains strong, however building materials costs have escalated which could affect these projections • Gradual reopening of city facilities and resuming outdoor sporting events and live performances with limitations based on state guidance • Tourism recovery is expected to begin in late 2021 and is dependent on vaccine distribution, concerns about variants, and potential new surges General Fund Revenues 2020/21 Original 2020/21 Current 2021/22 Proposed Taxes 38,596,000 44,878,000 45,957,000 License & Permits 1,136,800 1,186,800 2,252,000 Intergovernmental 8,479,700 9,343,634 8,546,100 Charges for Services 785,500 575,000 876,010 Fines & Assessment 290,000 264,000 294,000 Other/Misc. 1,438,100 1,438,100 1,174,100 Total Revenues 50,726,100 57,685,534 59,099,210 • American Rescue Plan presents the opportunity for economic recovery from the pandemic. Staff is closely monitoring Treasury guidance regarding allowed uses of these funds and will present options at a future meeting. EXPENSES Throughout the past year, we have seen our community unite to support each other. City staff worked tirelessly to innovate and keep all City service lines operational, both in-person and remotely, and have learned to connect in new ways, while staying socially distant. The City of La Quinta must now bring back services and events that were postponed, support recovery of the economy and continue to address the needs of the City such as affordable housing, infrastructure improvements, and capital improvement projects. Police and fire contract expenses are incorporated using estimates from the County of Riverside. These combined budgets total $26,650,000 and represent 48% of the proposed General Fund budget. A summary of expenses by department is provided below, assumptions regarding labor negotiations have been incorporated into the proposed budget: General Fund Expenditures 2020/21 Original 2020/21 Current 2021/22 Proposed Change Current V. Proposed City Council 292,000 292,900 302,200 9,300 City Manager 707,000 767,000 1,076,000 309,000 Marketing & Community Relations 1,110,300 1,228,800 1,325,900 97,100 City Attorney 565,000 565,000 696,000 131,000 City Clerk 593,400 639,100 625,200 (13,900) Human Resources 264,400 304,400 376,000 71,600 Police 17,506,700 17,204,700 18,439,100 1,234,400 Fire 8,021,700 9,165,422 8,210,900 (954,522) Community Resources Admin. 700,600 790,600 808,500 17,900 Wellness Center Operations 543,800 558,800 597,900 39,100 Recreational Programs & Events 438,700 478,700 823,300 344,600 Code Compliance/Animal Control 1,196,800 1,310,700 1,473,320 162,620 Parks Maintenance 1,670,800 1,814,400 2,380,900 566,500 Public Buildings 1,140,700 1,190,700 1,321,200 130,500 Public Works Administration 719,200 719,200 739,900 20,700 Public Works Dev. Services 390,200 390,200 431,000 40,800 Streets 484,300 494,300 496,600 2,300 Engineering Services 999,000 1,062,300 761,800 (300,500) Design & Development Admin.519,300 649,300 656,200 6,900 Planning 513,900 613,900 678,600 64,700 Building 777,100 787,100 919,800 132,700 The Hub 908,300 965,300 986,000 20,700 Finance 1,393,400 1,423,400 1,443,100 19,700 Centralized Services 6,454,100 22,867,375 9,383,206 (13,484,169) Total Expenditures 47,910,700 66,283,597 54,952,626 (11,330,971) City Manager: Increase is due to new account Contingency for Operations, which will allow the City Manager’s office to react quickly to changing operational needs. City Attorney: This department had an increase to budget for potential litigation. Police: Numbers were calculated based on original 2020/21 budget and contract negotiations for 2021/22. Final numbers will be reflective of rates in recently approved contract. Fire: Decrease is due to one-time expenditures that occurred in 2020/21 that will not be repeated in 2021/22 including the $674K transfer out to Capital Projects for the Fire Station 70 revitalization and $350K in Machinery and Equipment for the new ladder truck MOU. Recreational Programs and Events: The 2020/21 budget was significantly reduced as a result of all in-person events being cancelled due to COVID-19, and staff anticipates events will begin to resume in 2021/22. Additionally, Fritz Burns pool (had been closed) and X-Park (new) programming are budgeted here. Code Compliance: This reflects increases to professional services to account for additional security patrols for STVR compliance, the animal control contract with the County of Riverside, and internal service fund contributions for IT and vehicle allocations. Parks Maintenance: Increase is due to landscape maintenance contract, utilities, and ongoing maintenance costs for two new parks, SilverRock and the X-Park. Public Buildings: Increases for anticipated HVAC maintenance/repairs and internal service fund contributions for vehicle allocations. Engineering Services: Decrease is due to a one-time contribution to other agencies expense in 2020/21 for the Music Line. Building: Increase to plan checks and temporary services due to anticipated activity, temporary services, and internal service fund contributions for vehicle allocations. INTERNAL SERVICE FUNDS (ISF) ISF are used to account for activities involved in rendering services to departments within the City. Costs of materials and services used are accumulated in these funds and charged to departments based on personnel and large equipment assigned to each. The following is a summary of expenses by ISF: The increase in the Equipment Replacement Fund is due to the purchase of additional machinery and equipment to increase efficiency and in the Insurance Fund due to an anticipated increase in insurance premiums. The Information Technology Fund indicates a reduction due to a slight decrease in Utilities based on usage history and reduced software enhancements. Decrease in the Park equipment Fund is based on decreased playground enhancements as a majority of this work was completed in FY 2020/21. MEASURE G SALES TAX Measure G sales tax revenue is anticipated to be $11,500,000 and is allocated as presented below in the proposed budget. Anticipated Measure G sales tax reserves available 2021/22 year-end are $15,810,113. REDEVELOPMENT LOAN REPAYMENT The City’s Last and Final Recognized Obligation Payment Schedule (ROPS) for the Successor Agency (former Redevelopment Agency) includes an annual loan repayment. For 2021/22 the total loan repayment is $3,303,610, which is allocated 80% to the General Fund ($2,642,888) and 20% ($660,722) to the Housing Authority Fund. These revenues will be recognized in unassigned reserves in each fund and are not allocated to current expenses. The final loan repayment is scheduled for fiscal year 2029/30. Remaining outstanding loan repayments after 2021/22 total $28,486,493. Fund FY 20/21 Current FY 21/22 Proposed Variance Equipment Replacement 1,144,464 1,222,750 78,286 Information Technology 1,924,200 1,786,700 (137,500) Park Equipment 682,986 105,000 (577,986) Insurance Fund 904,500 970,100 65,600 4,656,150 4,084,550 (571,600) Measure G Sales Tax Revenue 11,500,000$ Police Services (5,163,000) Capital Improvements (2,758,356) Available for Appropriation 3,578,644$ MEASURE G SALES TAX SUMMARY PUBLIC PARTICIPATION The budget is a puzzle put together to deliver city services to residents and visitors alike. Community input is greatly appreciated and necessary to ensure a vibrant and inclusive budget. It is our goal to use citizen input and feedback to develop the annual budget. The Financial Advisory Commission provides oversight of Measure G funds and had two active sub-committees that reviewed the 2021/22 operating and capital improvement budgets. To encourage citizen participation in public meetings the 2021/22 budget schedule is available online at https://www.laquintaca.gov/our-city/city- departments/finance/budget/proposed-budget-2021-22-timeline and noted below: FUTURE OUTLOOK The Fiscal Year 2021/22 Proposed Budget continues to focus on the City’s goals while meeting the budgetary challenges and demands for the upcoming year. While it is important to continue to be fiscally conservative to ensure long -term fiscal health, the City recognizes the importance of rebuilding our community and addressing the immediate and long-term needs of our citizens. 5/4/2021 City Council Meeting - Budget Study Session #1 - (General Fund and Internal Service Funds focus) 5/5/2021 Housing Commission Meeting - Budget Study Session 5/12/2021 Financial Advisory Commission Meeting - Proposed General Fund and Capital Improvement Program Budgets 5/18/2021 City Council Meeting - Budget Study Session #2 - (General Fund, Enterprise, and Special Revenue Funds) 6/1/2021 City Council Meeting - Budget Study Session #3 - (All Appropriations) 6/1/2021 Housing Authority Board Meeting - Budget Study Session #1 (Housing Funds Only) 6/2/2021 Financial Advisory Commission Meeting - Final review of proposed Measure G sales tax uses 6/9/2021 Housing Commission Meeting - Final Review of proposed Housing Authority Budget 6/15/2021 City Council Meeting - Adopt Operating and CIP budget 6/15/2021 Housing Authority - Adopt Budget PUBLIC MEETING DATES FISCAL YEAR 2021/22 BUDGET 2021 22CITY OF LA QUINTA EXHIBIT A The annual budget process coordinates the allocation of city revenues for essential services such as police and fire, community programs and events, and capital improvement projects. The City of La Quinta invites you to participate and/or track public meetings regarding the fiscal year 2021/22 budget. Proposed public meeting dates are summarized below and as meetings occur budget information presented will be available online on a dedicated City webpage within the Finance Department. https://www.laquintaca.gov/our-city/city-departments/finance/budget/proposed- budget-2021-22-timeline Questions regarding the fiscal year 2021/22 budget may be directed to finance@laquintaca.gov or by calling 760-777-7055. 5/4/2021 City Council Meeting - Budget Study Session #1 - (General Fund and Internal Service Funds focus) 5/5/2021 Housing Commission Meeting - Budget Study Session 5/12/2021 Financial Advisory Commission Meeting - Proposed General Fund and Capital Improvement Program Budgets 5/18/2021 City Council Meeting - Budget Study Session #2 - (General Fund, Enterprise, and Special Revenue Funds) 6/1/2021 City Council Meeting - Budget Study Session #3 - (All Appropriations) 6/1/2021 Housing Authority Board Meeting - Budget Study Session #1 (Housing Funds Only) 6/2/2021 Financial Advisory Commission Meeting - Final review of proposed Measure G sales tax uses 6/9/2021 Housing Commission Meeting - Final Review of proposed Housing Authority Budget 6/15/2021 City Council Meeting - Adopt Operating and CIP budget 6/15/2021 Housing Authority - Adopt Budget PUBLIC MEETING DATES FISCAL YEAR 2021/22 BUDGET CITY OF LA QUINTA FY 2021/22 PROPOSED BUDGET 1 ESTIMATED CURRENT RESOURCES: REVENUES: TAXES 45,957,000$ LICENSES & PERMITS 2,252,000 INTERGOVERNMENTAL 8,546,100 CHARGES FOR SERVICES 876,010 FINES & ASSESSMENTS 294,000 OTHER/MISCELLANEOUS 1,174,100 TOTAL ESTIMATED CURRENT RESOURCES 59,099,210$ ESTIMATED CURRENT REQUIREMENTS: EXPENDITURES: CITY COUNCIL 302,200$ CITY MANAGER CITY MANAGER 1,076,000 MARKETING/COMMUNITY RELATIONS 1,325,900 CITY ATTORNEY 696,000 CITY CLERK 625,200 COMMUNITY RESOURCES (CR) HUMAN RESOURCES 376,000 POLICE 18,439,100 FIRE 8,210,900 CR ADMIN 808,500 WELLNESS CENTER 597,900 RECREATION PROGRAMS 823,300 CODE COMPLIANCE 1,473,320 PUBLIC WORKS PARKS MAINTENANCE 2,380,900 PUBLIC BUILDINGS 1,321,200 PUBLIC WORKS ADMINISTRATION 739,900 DEVELOPMENT SERVICES 431,000 STREETS 496,600 ENGINEERING SERVICES 761,800 DESIGN & DEVELOPMENT D&D ADMIN 656,200 PLANNING 678,600 BUILDING 919,800 THE HUB 986,000 FISCAL SERVICES FINANCE 1,443,100 CENTRAL SERVICES (Includes CIP)9,383,206$ TOTAL ESTIMATED CURRENT REQUIREMENTS 54,952,626$ PRELIMINARY BUDGET SURPLUS 4,146,584$ LESS MEASURE G SALES TAX RESERVES (3,578,644) BUDGET SURPLUS/(DEFICIT)567,940$ CITY OF LA QUINTA GENERAL FUND REVENUES AND EXPENDITURES BY DEPARTMENT/DIVISION FISCAL YEAR 2021/22 PROPOSED BUDGET CITY OF LA QUINTA FY 2021/22 PROPOSED BUDGET 2 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed 21/22 vs. Current 20/21 % Change in Budget 310 - Tax Revenues 2,517,000 2,579,000 1,490,375 2,605,000 26,000 1 %101-0000-40310 Property Tax Revenue 4,700,000 4,700,000 2,762,887 4,706,000 6,000 0 %101-0000-40311 No-Low City Property Tax 2,400,000 1,600,000 923,122 1,616,000 16,000 1 %101-0000-40315 RPTTF Pass Through 7,628,700 9,428,700 5,723,143 10,000,000 571,300 6 %101-0000-41320 State Sales Tax 8,197,200 10,617,200 6,882,684 11,500,000 882,800 8 %101-0000-41326 Measure G Sales Tax 500,000 850,000 1,009,772 750,000 (100,000)-12 %101-0000-41327 Document Transfer Tax 4,031,300 4,031,300 2,035,007 5,000,000 968,700 24 %101-0000-41400 TOT - Hotels 2,093,800 4,393,800 3,895,567 3,000,000 (1,393,800)-32 %101-0000-41401 TOT - Short Term Vac. Rentals 80,000 80,000 40,266 90,000 10,000 13 %101-0000-41402 TOT - Bed and Breakfast 250,000 250,000 115,594 250,000 0 0 %101-0000-41416 TOT - Resort Fees 770,000 770,000 509,164 785,000 15,000 2 %101-0000-41505 Franchise Taxes - Burrtec 130,000 130,000 0 140,000 10,000 8 %101-0000-41508 Southern California Gas Franchise Fee 600,000 600,000 324,201 650,000 50,000 8 %101-0000-41509 Cable Television Franchise Fee 305,000 305,000 117,138 250,000 (55,000)-18 %101-0000-41510 Communications Franchise Fees 4,393,000 4,543,000 2,203,138 4,615,000 72,000 2 %101-0000-41800 Property Tax in Lieu of VLF 310 - Tax Revenues Totals:38,596,000 44,878,000 28,032,058 45,957,000 1,079,000 2 % 320 - Licenses & Permits 9,000 9,000 5,200 9,000 0 0 %101-0000-41411 STVR Inspection Fee 117,600 167,600 235,090 894,000 726,400 433 %101-0000-41415 STVR Registration Fee 276,000 276,000 261,283 350,000 74,000 27 %101-0000-41600 Business Licenses 400 400 2,000 1,000 600 150 %101-0000-41610 Film Permits 135,000 135,000 265,093 210,000 75,000 56 %101-0000-42400 Building Permits 49,500 49,500 46,840 90,000 40,500 82 %101-0000-42401 Plumbing Permits 67,500 67,500 59,883 100,000 32,500 48 %101-0000-42402 Mechanical Permits 45,000 45,000 41,323 80,000 35,000 78 %101-0000-42403 Electrical Permits 135,000 135,000 149,467 180,000 45,000 33 %101-0000-42404 Miscellaneous Permits 8,800 8,800 2,160 5,000 (3,800)-43 %101-0000-42405 Garage Sale Permits 200 200 250 0 (200)-100 %101-0000-42406 Golf Cart Permits 9,900 9,900 9,244 10,000 100 1 %101-0000-42408 Grading Permits 2,800 2,800 0 1,000 (1,800)-64 %101-0000-42410 Driveway Permits 45,000 45,000 40,982 60,000 15,000 33 %101-0000-42420 Fire Plan Review Fee 27,000 27,000 37,362 40,000 13,000 48 %101-0000-42421 Fire Inspection Fee 1,800 1,800 2,196 2,000 200 11 %101-0000-42430 Transportation Permits 10,400 10,400 2,415 10,000 (400)-4 %101-0000-42431 Conditional Use Permits 2,500 2,500 4,400 5,000 2,500 100 %101-0000-42433 Minor Use Permit 12,900 12,900 8,520 15,000 2,100 16 %101-0000-42434 Sign Permit 38,900 38,900 25,960 40,000 1,100 3 %101-0000-42435 Site Development Permit 10,900 10,900 3,542 12,000 1,100 10 %101-0000-42436 Final Landscaping Plans 0 0 6,154 0 0 0 %101-0000-42437 Development Agreement 5,700 5,700 800 10,000 4,300 75 %101-0000-42439 Temporary Use Permit 120,000 120,000 102,617 120,000 0 0 %101-0000-43632 Public Works Permits 5,000 5,000 7,232 8,000 3,000 60 %101-0000-43638 NPDES Inspections 320 - Licenses & Permits Totals:1,136,800 1,186,800 1,320,014 2,252,000 1,065,200 90 % 330 - Intergovernmental 0 98,900 0 0 (98,900)-100 %101-0000-41700 Federal Government Revenue 2,517,000 2,579,000 1,490,375 2,605,000 26,000 4,700,000 4,700,000 2,762,887 4,706,000 6,000 2,400,000 1,600,000 923,122 1,616,000 16,000 7,628,700 9,428,700 5,723,143 10,000,000 571,300 8,197,200 10,617,200 6,882,684 11,500,000 882,800 500,000 850,000 1,009,772 750,000 (100,000) 4,031,300 4,031,300 2,035,007 5,000,000 968,700 2,093,800 4,393,800 3,895,567 3,000,000 (1,393,800) 80,000 80,000 40,266 90,000 10,000 250,000 250,000 115,594 250,000 0 770,000 770,000 509,164 785,000 15,000 130,000 130,000 0 140,000 10,000 600,000 600,000 324,201 650,000 50,000 305,000 305,000 117,138 250,000 (55,000) 4,393,000 4,543,000 2,203,138 4,615,000 72,000 38,596,000 44,878,000 28,032,058 45,957,000 1,079,000 9,000 9,000 5,200 9,000 0 117,600 167,600 235,090 894,000 726,400 276,000 276,000 261,283 350,000 74,000 400 400 2,000 1,000 600 135,000 135,000 265,093 210,000 75,000 49,500 49,500 46,840 90,000 40,500 67,500 67,500 59,883 100,000 32,500 45,000 45,000 41,323 80,000 35,000 135,000 135,000 149,467 180,000 45,000 8,800 8,800 2,160 5,000 (3,800) 200 200 250 0 (200) 9,900 9,900 9,244 10,000 100 2,800 2,800 0 1,000 (1,800) 45,000 45,000 40,982 60,000 15,000 27,000 27,000 37,362 40,000 13,000 1,800 1,800 2,196 2,000 200 10,400 10,400 2,415 10,000 (400) 2,500 2,500 4,400 5,000 2,500 12,900 12,900 8,520 15,000 2,100 38,900 38,900 25,960 40,000 1,100 10,900 10,900 3,542 12,000 1,100 0 0 6,154 0 0 5,700 5,700 800 10,000 4,300 120,000 120,000 102,617 120,000 0 5,000 5,000 7,232 8,000 3,000 1,136,800 1,186,800 1,320,014 2,252,000 1,065,200 0 98,900 0 0 (98,900) CITY OF LA QUINTA GENERAL FUND REVENUE DETAILS FY 2021/22 PROPOSED BUDGET 3 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed 21/22 vs. Current 20/21 % Change in Budget 0 502,034 502,034 0 (502,034)-100 %101-0000-41710 State Gov't Revenue 7,270,200 7,270,200 1,985,267 7,342,900 72,700 1 %101-0000-42500 Fire Service Credit 751,500 1,101,500 70,110 800,200 (301,300)-27 %101-0000-42501 Fire Service Reserves 455,000 368,000 367,882 400,000 32,000 9 %101-0000-43633 CSA 152 Assessments 3,000 3,000 1,500 3,000 0 0 %101-0000-43650 Contributions from Other Agencies 330 - Intergovernmental Totals:8,479,700 9,343,634 2,926,793 8,546,100 (797,534) -9 % 340 - Charges for Services 27,000 1,000 231 16,200 15,200 1,520 %101-0000-42200 Leisure Enrichment 3,600 600 84 0 (600)-100 %101-0000-42202 Gift Shop 27,000 0 0 16,200 16,200 0 %101-0000-42210 Youth Sports 3,600 0 0 2,160 2,160 0 %101-0000-42211 Adult Sports 21,000 1,000 (50)12,600 11,600 1,160 %101-0000-42212 Facility Rentals 12,000 0 0 7,200 7,200 0 %101-0000-42213 Special Events 33,000 3,000 4,635 19,800 16,800 560 %101-0000-42214 Wellness Center Leisure Enrichment 900 0 0 550 550 0 %101-0000-42216 Wellness Center Special Events 90,000 2,000 2,450 54,000 52,000 2,600 %101-0000-42218 Wellness Center Memberships 0 0 1,965 0 0 0 %101-0000-42300 Cash Over/Short 200 200 70 200 0 0 %101-0000-42303 NSF Charges 2,300 2,300 36,400 3,000 700 30 %101-0000-42412 Minor Adjustment, Plan Checks 13,500 13,500 38,613 25,000 11,500 85 %101-0000-42415 Tentative Tract Map 13,500 13,500 19,864 20,000 6,500 48 %101-0000-42416 Digitization/Records Management 1,200 1,200 3,200 2,000 800 67 %101-0000-42417 Modification by Applicant 1,300 1,300 7,750 6,000 4,700 362 %101-0000-42440 Appeals - Permits, Licenses, Projects, Bids 7,600 7,600 1,052 10,000 2,400 32 %101-0000-42443 Zone Change 4,000 4,000 10,787 5,000 1,000 25 %101-0000-42445 Environmental Assessment 4,500 4,500 0 10,000 5,500 122 %101-0000-42446 General Plan Amendment 4,500 4,500 6,900 8,000 3,500 78 %101-0000-42447 Home Occupations 9,000 9,000 3,005 15,000 6,000 67 %101-0000-42448 Tenative Parcel Map 0 0 14,329 10,000 10,000 0 %101-0000-42451 Specific Plan 0 0 9,016 5,000 5,000 0 %101-0000-42460 Pre-Application Review 405,000 405,000 348,812 475,000 70,000 17 %101-0000-42600 Building Plan Check Fees 300 300 232 600 300 100 %101-0000-42610 SMIP Fees 300 300 192 500 200 67 %101-0000-42615 CBSC Administrative Fees 99,000 99,000 168,267 150,000 51,000 52 %101-0000-42810 Public Works Dev. Plan Check Fee 1,200 1,200 728 2,000 800 67 %101-0000-43631 CVMSHCP Admin Fee 340 - Charges for Services Totals:785,500 575,000 678,532 876,010 301,010 52 % 350 - Fines, Forfeitures & Abatements 40,000 40,000 354,525 60,000 20,000 50 %101-0000-42700 Administrative Citations 3,000 3,000 9,000 5,000 2,000 67 %101-0000-42701 Lot Abatement 20,000 20,000 20,298 30,000 10,000 50 %101-0000-42702 Vehicle Abatement 70,000 70,000 49,104 50,000 (20,000)-29 %101-0000-42703 Vehicle Impound Fee 105,000 105,000 18,196 110,000 5,000 5 %101-0000-42705 Motor Vehicle Code Fines 20,000 20,000 31,419 20,000 0 0 %101-0000-42706 Parking Violations 1,000 1,000 46,791 1,000 0 0 %101-0000-42707 Misc Fines 5,000 5,000 0 5,000 0 0 %101-0000-42708 Graffiti Removal 0 502,034 502,034 0 (502,034) 7,270,200 7,270,200 1,985,267 7,342,900 72,700 751,500 1,101,500 70,110 800,200 (301,300) 455,000 368,000 367,882 400,000 32,000 3,000 3,000 1,500 3,000 0 8,479,700 9,343,634 2,926,793 8,546,100 (797,534) 27,000 1,000 231 16,200 15,200 3,600 600 84 0 (600) 27,000 0 0 16,200 16,200 3,600 0 0 2,160 2,160 21,000 1,000 (50)12,600 11,600 12,000 0 0 7,200 7,200 33,000 3,000 4,635 19,800 16,800 900 0 0 550 550 90,000 2,000 2,450 54,000 52,000 0 0 1,965 0 0 200 200 70 200 0 2,300 2,300 36,400 3,000 700 13,500 13,500 38,613 25,000 11,500 13,500 13,500 19,864 20,000 6,500 1,200 1,200 3,200 2,000 800 1,300 1,300 7,750 6,000 4,700 7,600 7,600 1,052 10,000 2,400 4,000 4,000 10,787 5,000 1,000 4,500 4,500 0 10,000 5,500 4,500 4,500 6,900 8,000 3,500 9,000 9,000 3,005 15,000 6,000 0 0 14,329 10,000 10,000 0 0 9,016 5,000 5,000 405,000 405,000 348,812 475,000 70,000 300 300 232 600 300 300 300 192 500 200 99,000 99,000 168,267 150,000 51,000 1,200 1,200 728 2,000 800 785,500 575,000 678,532 876,010 301,010 40,000 40,000 354,525 60,000 20,000 3,000 3,000 9,000 5,000 2,000 20,000 20,000 20,298 30,000 10,000 70,000 70,000 49,104 50,000 (20,000) 105,000 105,000 18,196 110,000 5,000 20,000 20,000 31,419 20,000 0 1,000 1,000 46,791 1,000 0 5,000 5,000 0 5,000 0 CITY OF LA QUINTA GENERAL FUND REVENUE DETAILS FY 2021/22 PROPOSED BUDGET 4 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed 21/22 vs. Current 20/21 % Change in Budget 20,000 0 0 10,000 10,000 0 %101-0000-42709 False Alarm Fees - Police 6,000 0 (600)3,000 3,000 0 %101-0000-42710 False Alarm Fees - Fire 350 - Fines, Forfeitures & Abatements Totals:290,000 264,000 528,733 294,000 30,000 11 % 360 - Use of Money & Property 700,000 700,000 151,970 400,000 (300,000)-43 %101-0000-41900 Allocated Interest 145,000 145,000 106,355 145,000 0 0 %101-0000-42120 Lease Revenue - Cell Towers 360 - Use of Money & Property Totals:845,000 845,000 258,325 545,000 (300,000) -36 % 370 - Miscellaneous 400,000 400,000 416,997 400,000 0 0 %101-0000-41410 Zoning Change Mitigation Fees 17,000 17,000 0 20,000 3,000 18 %101-0000-41504 AMR Compliance 111,000 111,000 113,041 114,000 3,000 3 %101-0000-41507 Burrtec Admin Cost Reimbursement 10,000 10,000 1,683 5,000 (5,000)-50 %101-0000-42000 Insurance Recoveries 100 100 15 100 0 0 %101-0000-42140 Sales of Publications & Materials 15,000 15,000 215 40,000 25,000 167 %101-0000-42301 Miscellaneous Revenue 40,000 40,000 90,740 50,000 10,000 25 %101-0000-42305 Miscellaneous Reimbursements 370 - Miscellaneous Totals:593,100 593,100 622,692 629,100 36,000 6 % 50,726,100 57,685,534 34,367,146 59,099,210 1,413,676 2 % 20,000 0 0 10,000 10,000 6,000 0 (600)3,000 3,000 290,000 264,000 528,733 294,000 30,000 700,000 700,000 151,970 400,000 (300,000) 145,000 145,000 106,355 145,000 0 845,000 845,000 258,325 545,000 (300,000) 400,000 400,000 416,997 400,000 0 17,000 17,000 0 20,000 3,000 111,000 111,000 113,041 114,000 3,000 10,000 10,000 1,683 5,000 (5,000) 100 100 15 100 0 15,000 15,000 215 40,000 25,000 40,000 40,000 90,740 50,000 10,000 593,100 593,100 622,692 629,100 36,000 50,726,100 57,685,534 34,367,146 59,099,210 1,413,676 CITY OF LA QUINTA GENERAL FUND REVENUE DETAILS FY 2021/22 PROPOSED BUDGET 5 Fund: 101 - GENERAL FUND Property Tax Revenue 2,605,000.00101-0000-40310 Property tax estimates are provided by HdL consulting services. The State approved consumer price index adjustment for FY 2020/21 is 1.036%. Actual value increases due to the transfer of ownership is included. Proposition 8 reductions are considered temporary and have continued to decrease since 2010. Completed new construction is not included and is not represented unless the property was completed and sold in 2020. The City participates in the Teeter program, therefore no delinquencies are assumed. State Sales Tax 10,000,000.00101-0000-41320 Bradley Burns state sales tax is 1% of the current sales tax rate (8.75%). HdL consulting services budget estimates are factored into projections along with reviews of industry and economic reports, local trends, and a continued recovery from the ongoing Covid-19 pandemic. Measure G Sales Tax 11,500,000.00101-0000-41326 Transaction and use sales tax is 1% of the current sales tax rate (8.75%) and is also known as Measure G. The convenience and demand for online sales is anticipated to continue accelerating. TOT - Hotels 5,000,000.00101-0000-41400 11% Transient cccupancy tax for Hotels. Leisure and hospitality make up 28% of the employment sector in the Coachella Valley and will continue to slowly recover in 2021. Social distancing, mask wearing, and large event restrictions are anticipated to remain the norm. Tourism recovery is expected to begin until late 2021 and dependent on vaccine distribution. TOT - Short Term Vac. Rentals 3,000,000.00101-0000-41401 10% Transient occupancy tax for short-term vacation rentals CITY OF LA QUINTA GENERAL FUND REVENUE BUDGET NOTES FY 2021/22 PROPOSED BUDGET 6 TOT - Bed and Breakfast 90,000.00101-0000-41402 10% Transient occupancy tax for hotels Zoning Change Mitigation Fees 400,000.00101-0000-41410 Fees are charged based on development agreements, whereby former commercial property was converted to housing developments and mitigation fees cover lost revenue from the change in development. STVR Registration Fee 894,000.00101-0000-41415 Short-term vacation rental registration fees were updated in the Spring of 2021. TOT - Resort Fees 250,000.00101-0000-41416 10% of resort fees charged by hotels. The City provides an annual incentive rebate program for hotels collecting a resort fee. Rebate programs are budgeted in Centralized Services. Due to COVID-19 impacts, FY 2020/21 projections will remain the same until reopening effects are realized. Franchise Taxes - Burrtec 785,000.00101-0000-41505 Burrtec Franchise Fee is based on an agreement with the City whereby an administrative fee is recovered by the City and is adjusted annually on January 1st per a consumer price index. The current agreement expires on 6/30/2026. Burrtec Admin Cost Reimbursem…114,000.00101-0000-41507 Base amount of $101,675 adjusted annually on January 1 by the change in the Consumer Price Index starting in June 2016 and ending on 6/30/2026. Property Tax in Lieu of VLF 4,615,000.00101-0000-41800 CITY OF LA QUINTA GENERAL FUND REVENUE BUDGET NOTES FY 2021/22 PROPOSED BUDGET 7 Property tax in lieu of vehicle license fee (VLF) is derived from the 2004 property tax swap whereby cities receive property tax allocation in lieu of VLF's. Allocated Interest 400,000.00101-0000-41900 Interest rates are anticipated to remain low in FY 2021/22, however, General Fund reserves are fully funded and many major construction projects completed; therefore, less volatility in cashflow is anticipated. Leisure Enrichment 16,200.00101-0000-42200 In FY 2020/21, various leisure enrichment activity revenues were reduced as a result of COVID-19 impacts to programming and operations. In FY 2021/22, some activities are anticipated to resume but with limitations. Wellness Center Memberships 54,000.00101-0000-42218 The Wellness Center was closed during FY 2020/21 for health and wellness activities and memberships are anticipated to be extended for the time the facility has been closed. Membership fees are limited to new members. Fire Plan Review Fee 60,000.00101-0000-42420 Fire Plan Reviews are conducted in-house by a Riverside County Fire Inspector. Fire Inspection Fee 40,000.00101-0000-42421 Fire Inspection fees are a flat fee of $161 collected in-house. Appeals - Permits, Licenses, Pro…6,000.00101-0000-42440 Appeals for permits, licenses, and violations are captured in this revenue line item. Fire Service Credit 7,342,900.00101-0000-42500 CITY OF LA QUINTA GENERAL FUND REVENUE BUDGET NOTES FY 2021/22 PROPOSED BUDGET 8 Property tax revenue restricted for fire services. Fire Service Reserves 800,200.00101-0000-42501 County fire service property tax revenue is held in trust with the County until services are rendered or reimbursements are requested by the City. At 6/30/2020 the Fire Trust fund balance was $10,491,653. False Alarm Fees - Police 10,000.00101-0000-42709 False alarm fees have been suspended during the pandemic. Staff has focused their efforts on education and sending notifications about false alarms. Overall, there has been a decrease in false alarms when compared to last year, indicating efforts keep generating positive results. Fees are anticipated to resume by 2022. CSA 152 Assessments 400,000.00101-0000-43633 The annual tax assessment is $9.99 per unit. Annual revenue of approximately $300,000, funds are held by the County until reimbursements are submitted by the City. Reimbursements are restricted to retention basin and storm drain maintenance and equipment. Contributions from Other Agenci…3,000.00101-0000-43650 The approved Last and Final Recognized Obligation Payment Schedule (ROPS) includes an annual administrative fee reimbursement for the City to perform the winddown activities associated with the former Redevelopment Agency. CITY OF LA QUINTA GENERAL FUND REVENUE BUDGET NOTES FY 2021/22 PROPOSED BUDGET 9 THIS PAGE INTENTIONALLY LEFT BLANK 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 1001 - City Council 50 - Salaries and Benefits 144,776 144,000 144,000 111,988 144,000 0 0 %101-1001-50108 Salaries - Council Members 2,414 2,400 2,400 1,922 2,400 0 0 %101-1001-50150 Other Compensation 8,885 9,700 9,700 7,496 9,600 (100)-1 %101-1001-50200 PERS-City Portion 56,715 102,600 102,600 41,065 104,600 2,000 2 %101-1001-50221 Medical Insurance 769 0 0 490 0 0 0 %101-1001-50222 Vision Insurance 4,492 0 0 2,898 0 0 0 %101-1001-50223 Dental Insurance 434 0 0 347 0 0 0 %101-1001-50224 Life Insurance 9,200 10,100 10,100 7,575 10,500 400 4 %101-1001-50230 Workers Comp Insurance 2,101 5,600 5,600 1,624 5,600 0 0 %101-1001-50240 Social Security-Medicare 3,452 0 0 2,662 0 0 0 %101-1001-50241 Social Security-FICA 50 - Salaries and Benefits Totals:233,237 274,400 274,400 178,065 276,700 2,300 1 % 62 - Maintenance & Operations 2,348 8,000 8,000 0 10,000 2,000 25 %101-1001-60137 Community Special Events 13,900 10,000 10,000 3,765 15,000 5,000 50 %101-1001-60320 Travel & Training 659 500 500 391 500 0 0 %101-1001-60420 Operating Supplies 62 - Maintenance & Operations Totals:16,907 18,500 18,500 4,157 25,500 7,000 38 % 1001 - City Council Totals:250,144 292,900 292,900 182,222 302,200 9,300 3 % 144,776 144,000 144,000 111,988 144,000 0 2,414 2,400 2,400 1,922 2,400 0 8,885 9,700 9,700 7,496 9,600 (100) 56,715 102,600 102,600 41,065 104,600 2,000 769 0 0 490 0 0 4,492 0 0 2,898 0 0 434 0 0 347 0 0 9,200 10,100 10,100 7,575 10,500 400 2,101 5,600 5,600 1,624 5,600 0 3,452 0 0 2,662 0 0 233,237 274,400 274,400 178,065 276,700 2,300 2,348 8,000 8,000 0 10,000 2,000 13,900 10,000 10,000 3,765 15,000 5,000 659 500 500 391 500 0 16,907 18,500 18,500 4,157 25,500 7,000 250,144 292,900 292,900 182,222 302,200 9,300 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 10 Department : 1001 - City Council Community Special Events 10,000.00101-1001-60137 Annual City open house State of the City address Travel & Training 15,000.00101-1001-60320 League of CA Cities- Annual conference and legislative action days Mayor's Cup Council meeting expenses Public safety awards ceremony CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 11 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 1002 - City Manager 50 - Salaries and Benefits 409,883 339,700 339,700 286,024 375,700 36,000 11 %101-1002-50101 Permanent Full Time 1,002 0 0 257 0 0 0 %101-1002-50105 Salaries - Overtime 1,086 1,200 1,200 692 900 (300)-25 %101-1002-50150 Other Compensation 30,780 29,900 29,900 19,570 32,300 2,400 8 %101-1002-50200 PERS-City Portion 0 0 10,000 16,000 10,000 0 0 %101-1002-50215 Other Fringe Benefits 54,174 61,600 61,600 33,822 62,800 1,200 2 %101-1002-50221 Medical Insurance 732 0 0 423 0 0 0 %101-1002-50222 Vision Insurance 3,631 0 0 2,176 0 0 0 %101-1002-50223 Dental Insurance 175 0 0 117 0 0 0 %101-1002-50224 Life Insurance 1,561 1,700 1,700 997 1,800 100 6 %101-1002-50225 Long Term Disability 8,700 6,900 6,900 5,175 7,100 200 3 %101-1002-50230 Workers Comp Insurance 6,016 5,300 5,300 4,267 5,500 200 4 %101-1002-50240 Social Security-Medicare 248 0 0 0 0 0 0 %101-1002-50241 Social Security-FICA 50 - Salaries and Benefits Totals:517,987 446,300 456,300 369,520 496,100 39,800 9 % 60 - Contract Services 44,442 80,000 130,000 38,535 80,000 (50,000)-38 %101-1002-60101 Contract Services - Administrative 18,660 7,000 7,000 2,344 20,000 13,000 186 %101-1002-60103 Professional Services 60 - Contract Services Totals:63,102 87,000 137,000 40,879 100,000 (37,000) -27 % 62 - Maintenance & Operations 4,775 4,000 4,000 183 6,000 2,000 50 %101-1002-60320 Travel & Training 100,149 102,000 102,000 91,955 105,000 3,000 3 %101-1002-60351 Membership Dues 3,042 2,000 2,000 0 2,000 0 0 %101-1002-60352 Subscriptions & Publications 940 1,000 1,000 348 1,000 0 0 %101-1002-60400 Office Supplies 610 1,000 1,000 31 1,000 0 0 %101-1002-60420 Operating Supplies 62 - Maintenance & Operations Totals:109,516 110,000 110,000 92,518 115,000 5,000 5 % 64 - Other Expenses 0 0 0 0 300,000 300,000 0 %101-1002-60510 Contingency for Operations 64 - Other Expenses Totals:0 0 0 0 300,000 300,000 0 % 69 - Internal Service Charges 60,600 63,700 63,700 47,775 64,900 1,200 2 %101-1002-98110 Information Tech Charges 69 - Internal Service Charges Totals:60,600 63,700 63,700 47,775 64,900 1,200 2 % 1002 - City Manager Totals:751,206 707,000 767,000 550,692 1,076,000 309,000 40 % 409,883 339,700 339,700 286,024 375,700 36,000 1,002 0 0 257 0 0 1,086 1,200 1,200 692 900 (300) 30,780 29,900 29,900 19,570 32,300 2,400 0 0 10,000 16,000 10,000 0 54,174 61,600 61,600 33,822 62,800 1,200 732 0 0 423 0 0 3,631 0 0 2,176 0 0 175 0 0 117 0 0 1,561 1,700 1,700 997 1,800 100 8,700 6,900 6,900 5,175 7,100 200 6,016 5,300 5,300 4,267 5,500 200 248 0 0 0 0 0 517,987 446,300 456,300 369,520 496,100 39,800 44,442 80,000 130,000 38,535 80,000 (50,000) 18,660 7,000 7,000 2,344 20,000 13,000 63,102 87,000 137,000 40,879 100,000 (37,000) 4,775 4,000 4,000 183 6,000 2,000 100,149 102,000 102,000 91,955 105,000 3,000 3,042 2,000 2,000 0 2,000 0 940 1,000 1,000 348 1,000 0 610 1,000 1,000 31 1,000 0 109,516 110,000 110,000 92,518 115,000 5,000 0 0 0 0 300,000 300,000 0 0 0 0 300,000 300,000 60,600 63,700 63,700 47,775 64,900 1,200 60,600 63,700 63,700 47,775 64,900 1,200 751,206 707,000 767,000 550,692 1,076,000 309,000 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 12 Department : 1002 - City Manager Permanent Full Time 375,700.00101-1002-50101 80% - City Manager (20% Housing Fund) 60% - Assistant to City Manager (40% Housing Fund) 100% - Management Specialist 40% - Management Specialist (60% Housing Fund) 20% - Management Assistant (80% Housing Fund) In FY 2021/22, the voluntary furlough of the Management Specialist position ended. Contract Services - Administrati…80,000.00101-1002-60101 Legislative lobbying services Economic development services Professional Services 20,000.00101-1002-60103 Title and appraisal services Waste management for special events Travel & Training 6,000.00101-1002-60320 League of California Cities (LCC) Regional meetings & miscellaneous training such as: Coachella Valley Association of Governments (CVAG), California Cities/Counties Mgmt Foundation (CCMF), and Southern CA Association of Governments (SCAG). Membership Dues 105,000.00101-1002-60351 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 13 International City/County Mgmt Association (ICMA) League of CA Cities (LCC) - Riverside California Cities/Counties Mgmt Foundation (CCMF) Coachella Valley Association of Governments (CVAG) National League of Cities (NLC) Southern CA Association of Governments (SCAG) Subscriptions & Publications 2,000.00101-1002-60352 Property analysis and grant solutions Contingency for Operations 300,000.00101-1002-60510 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 14 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 3007 - Marketing & Community Relations 50 - Salaries and Benefits 169,629 149,600 149,600 126,621 180,200 30,600 20 %101-3007-50101 Permanent Full Time 207 0 0 183 0 0 0 %101-3007-50105 Salaries - Overtime 1,500 0 0 0 0 0 0 %101-3007-50111 Internships 80 0 0 0 0 0 0 %101-3007-50150 Other Compensation 11,635 12,800 12,800 9,516 14,000 1,200 9 %101-3007-50200 PERS-City Portion 38,281 41,100 41,100 30,514 41,900 800 2 %101-3007-50221 Medical Insurance 480 0 0 382 0 0 0 %101-3007-50222 Vision Insurance 2,281 0 0 1,816 0 0 0 %101-3007-50223 Dental Insurance 70 0 0 56 0 0 0 %101-3007-50224 Life Insurance 842 1,000 1,000 579 1,000 0 0 %101-3007-50225 Long Term Disability 3,800 4,100 4,100 3,075 4,200 100 2 %101-3007-50230 Workers Comp Insurance 2,484 2,400 2,400 1,839 2,700 300 13 %101-3007-50240 Social Security-Medicare 93 0 0 0 0 0 0 %101-3007-50241 Social Security-FICA 50 - Salaries and Benefits Totals:231,383 211,000 211,000 174,581 244,000 33,000 16 % 60 - Contract Services 0 10,000 10,000 0 10,000 0 0 %101-3007-60134 Promotional Items 0 10,700 10,700 0 10,700 0 0 %101-3007-60137 Community Engagement 228,232 169,000 197,500 199,963 213,400 15,900 8 %101-3007-60151 GPSCVB 60 - Contract Services Totals:228,232 189,700 218,200 199,963 234,100 15,900 7 % 62 - Maintenance & Operations 7,180 8,000 8,000 2,115 8,000 0 0 %101-3007-60320 Travel & Training 4,530 25,000 25,000 1,968 10,000 (15,000)-60 %101-3007-60351 Membership Dues 15,920 17,500 17,500 3,121 15,000 (2,500)-14 %101-3007-60410 Printing 480 1,600 1,600 1,089 1,600 0 0 %101-3007-60420 Operating Supplies 18,459 20,000 20,000 8,000 25,000 5,000 25 %101-3007-60450 Advertising 519,173 600,000 690,000 380,389 750,000 60,000 9 %101-3007-60461 Marketing & Tourism Promotions 62 - Maintenance & Operations Totals:565,741 672,100 762,100 396,681 809,600 47,500 6 % 69 - Internal Service Charges 27,600 37,500 37,500 28,125 38,200 700 2 %101-3007-98110 Information Tech Charges 69 - Internal Service Charges Totals:27,600 37,500 37,500 28,125 38,200 700 2 % 3007 - Marketing & Community Relations Totals:1,052,957 1,110,300 1,228,800 799,350 1,325,900 97,100 8 % 169,629 149,600 149,600 126,621 180,200 30,600 207 0 0 183 0 0 1,500 0 0 0 0 0 80 0 0 0 0 0 11,635 12,800 12,800 9,516 14,000 1,200 38,281 41,100 41,100 30,514 41,900 800 480 0 0 382 0 0 2,281 0 0 1,816 0 0 70 0 0 56 0 0 842 1,000 1,000 579 1,000 0 3,800 4,100 4,100 3,075 4,200 100 2,484 2,400 2,400 1,839 2,700 300 93 0 0 0 0 0 231,383 211,000 211,000 174,581 244,000 33,000 0 10,000 10,000 0 10,000 0 0 10,700 10,700 0 10,700 0 228,232 169,000 197,500 199,963 213,400 15,900 228,232 189,700 218,200 199,963 234,100 15,900 7,180 8,000 8,000 2,115 8,000 0 4,530 25,000 25,000 1,968 10,000 (15,000) 15,920 17,500 17,500 3,121 15,000 (2,500) 480 1,600 1,600 1,089 1,600 0 18,459 20,000 20,000 8,000 25,000 5,000 519,173 600,000 690,000 380,389 750,000 60,000 565,741 672,100 762,100 396,681 809,600 47,500 27,600 37,500 37,500 28,125 38,200 700 27,600 37,500 37,500 28,125 38,200 700 1,052,957 1,110,300 1,228,800 799,350 1,325,900 97,100 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 15 Department : 3007 - Marketing & Community Relations Permanent Full Time 180,200.00101-3007-50101 100% - Marketing Manager 100% - Management Specialist In FY 2021/22, the voluntary furlough of the Management Specialist position ended. Promotional Items 10,000.00101-3007-60134 For Community Resources special events Community Engagement 10,700.00101-3007-60137 Community workshop and City events GPSCVB 213,400.00101-3007-60151 Payment of transient occupancy tax (TOT) to the Greater Palm Springs Convention Visitors Bureau (GPSCVB) for a percentage all TOT revenue collected. To jointly encourage, promote, and attract visitors to the Coachella Valley. .0015 of gross rental revenue for non-convention TOT .0035 of gross rental revenue for convention TOT Travel & Training 8,000.00101-3007-60320 Visit CA - travel destination conference CalTravel - travel destination conference Membership Dues 10,000.00101-3007-60351 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 16 Coachella Valley Economic Partnership, CA Association of Public Information Officers, Cal Travel, Public Relations Society of America, Mail Chimp, and Ragan Communications Printing 15,000.00101-3007-60410 Citywide business cards, event signs and banners Advertising 25,000.00101-3007-60450 Amount National Date Festival 5,000 Sponsorships - CVEP Summit, Modernism Week, etc.20,000 The City's 40th Anniversary will be held in 2022. Marketing & Tourism Promotions 750,000.00101-3007-60461 Photography, Chamber of Commerce Contract, Video, Commercials, Marketing Contracts, Marketing Efforts, Music Licensing, Palm Springs Life Vision, and State of the City CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 17 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 1003 - City Attorney 60 - Contract Services 505,700 520,000 520,000 234,699 546,000 26,000 5 %101-1003-60153 Attorney 44,847 45,000 45,000 8,048 150,000 105,000 233 %101-1003-60154 Attorney/Litigation 60 - Contract Services Totals:550,548 565,000 565,000 242,747 696,000 131,000 23 % 1003 - City Attorney Totals:550,548 565,000 565,000 242,747 696,000 131,000 23 % 505,700 520,000 520,000 234,699 546,000 26,000 44,847 45,000 45,000 8,048 150,000 105,000 550,548 565,000 565,000 242,747 696,000 131,000 550,548 565,000 565,000 242,747 696,000 131,000 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 18 THIS PAGE INTENTIONALLY LEFT BLANK 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 1005 - City Clerk 50 - Salaries and Benefits 267,997 259,800 259,800 179,607 281,700 21,900 8 %101-1005-50101 Permanent Full Time 13,384 0 0 0 0 0 0 %101-1005-50102 Salaries - Part Time 358 0 0 464 0 0 0 %101-1005-50105 Salaries - Overtime 403 500 500 550 500 0 0 %101-1005-50150 Other Compensation 24,347 24,700 24,700 17,719 26,800 2,100 9 %101-1005-50200 PERS-City Portion 65,948 80,000 80,000 47,076 81,600 1,600 2 %101-1005-50221 Medical Insurance 900 0 0 651 0 0 0 %101-1005-50222 Vision Insurance 3,259 0 0 2,526 0 0 0 %101-1005-50223 Dental Insurance 133 0 0 88 0 0 0 %101-1005-50224 Life Insurance 1,341 1,500 1,500 820 1,600 100 7 %101-1005-50225 Long Term Disability 7,300 7,900 7,900 5,925 8,200 300 4 %101-1005-50230 Workers Comp Insurance 4,267 3,800 3,800 2,732 4,200 400 11 %101-1005-50240 Social Security-Medicare 802 0 0 39 0 0 0 %101-1005-50241 Social Security-FICA 12,217 0 20,000 8,360 40,000 20,000 100 %101-1005-50251 Temporary 4,000 0 0 0 0 0 0 %101-1005-50300 Employee Recognition 50 - Salaries and Benefits Totals:406,655 378,200 398,200 266,558 444,600 46,400 12 % 60 - Contract Services 25,393 129,000 153,200 9,102 90,000 (63,200)-41 %101-1005-60103 Professional Services (875)0 0 0 0 0 0 %101-1005-60125 Temporary Agency Services 60 - Contract Services Totals:24,518 129,000 153,200 9,102 90,000 (63,200) -41 % 62 - Maintenance & Operations 11,174 5,000 5,000 1,837 7,000 2,000 40 %101-1005-60320 Travel & Training 1,553 1,500 1,500 1,191 1,500 0 0 %101-1005-60351 Membership Dues 2,391 2,500 2,500 471 2,500 0 0 %101-1005-60400 Office Supplies 1,177 1,200 1,200 336 1,200 0 0 %101-1005-60420 Operating Supplies 1,116 3,000 4,500 3,535 4,000 (500)-11 %101-1005-60450 Advertising 62 - Maintenance & Operations Totals:17,410 13,200 14,700 7,370 16,200 1,500 10 % 69 - Internal Service Charges 53,700 73,000 73,000 54,750 74,400 1,400 2 %101-1005-98110 Information Tech Charges 69 - Internal Service Charges Totals:53,700 73,000 73,000 54,750 74,400 1,400 2 % 1005 - City Clerk Totals:502,284 593,400 639,100 337,780 625,200 (13,900) -2 % 267,997 259,800 259,800 179,607 281,700 21,900 13,384 0 0 0 0 0 358 0 0 464 0 0 403 500 500 550 500 0 24,347 24,700 24,700 17,719 26,800 2,100 65,948 80,000 80,000 47,076 81,600 1,600 900 0 0 651 0 0 3,259 0 0 2,526 0 0 133 0 0 88 0 0 1,341 1,500 1,500 820 1,600 100 7,300 7,900 7,900 5,925 8,200 300 4,267 3,800 3,800 2,732 4,200 400 802 0 0 39 0 0 12,217 0 20,000 8,360 40,000 20,000 4,000 0 0 0 0 0 406,655 378,200 398,200 266,558 444,600 46,400 25,393 129,000 153,200 9,102 90,000 (63,200) (875)0 0 0 0 0 24,518 129,000 153,200 9,102 90,000 (63,200) 11,174 5,000 5,000 1,837 7,000 2,000 1,553 1,500 1,500 1,191 1,500 0 2,391 2,500 2,500 471 2,500 0 1,177 1,200 1,200 336 1,200 0 1,116 3,000 4,500 3,535 4,000 (500) 17,410 13,200 14,700 7,370 16,200 1,500 53,700 73,000 73,000 54,750 74,400 1,400 53,700 73,000 73,000 54,750 74,400 1,400 502,284 593,400 639,100 337,780 625,200 (13,900) CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 19 Department : 1005 - City Clerk Permanent Full Time 281,700.00101-1005-50101 90% - City Clerk (10% Housing) 100% - Deputy City Clerk 100% - Management Assistant 100% - Administrative Assistant Professional Services 90,000.00101-1005-60103 Municipal Code text and online updates Imaging scanning services For The Record tech support (DSS Corp) DigiCert electronic signatures Ctiywide fee study updates Records legislation, requirements, minute writing services, and retention updates Travel & Training 7,000.00101-1005-60320 CA City Clerks Association annual conference & seminars Municipal Clerks certifications and training Membership Dues 1,500.00101-1005-60351 California City Clerks Association (CCAC)- 4 employees National Notary Association Errors and Omission insurance (E&O)- 3 employees International Institute of Municipal Clerks (IIMC) membership Advertising 4,000.00101-1005-60450 Public hearing notices, Commission and Board vacancies CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 20 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 1004 - Human Resources 50 - Salaries and Benefits 301,531 89,600 89,600 72,250 96,400 6,800 8 %101-1004-50101 Permanent Full Time 39,419 17,400 27,400 26,918 36,300 8,900 32 %101-1004-50102 Salaries - Part Time 100 0 0 180 0 0 0 %101-1004-50150 Other Compensation 26,582 7,000 7,000 7,468 7,500 500 7 %101-1004-50200 PERS-City Portion 28,677 20,600 20,600 4,727 21,000 400 2 %101-1004-50221 Medical Insurance 659 0 0 229 0 0 0 %101-1004-50222 Vision Insurance 4,009 0 0 1,302 0 0 0 %101-1004-50223 Dental Insurance 86 0 0 28 0 0 0 %101-1004-50224 Life Insurance 1,161 600 600 329 600 0 0 %101-1004-50225 Long Term Disability 5,600 2,100 2,100 1,575 2,100 0 0 %101-1004-50230 Workers Comp Insurance 5,104 1,300 1,300 1,473 1,500 200 15 %101-1004-50240 Social Security-Medicare 495 0 0 0 0 0 0 %101-1004-50241 Social Security-FICA 7,988 0 0 0 0 0 0 %101-1004-50251 Temporary 750 3,500 3,500 0 17,600 14,100 403 %101-1004-50252 Fitness Membership Reimbursement 50 - Salaries and Benefits Totals:422,160 142,100 152,100 116,479 183,000 30,900 20 % 60 - Contract Services 7,323 10,000 40,000 0 70,000 30,000 75 %101-1004-60103 Professional Services 10,578 16,500 16,500 7,037 20,000 3,500 21 %101-1004-60104 Consultants/Employee Services (993)0 0 0 0 0 0 %101-1004-60125 Temporary Agency Services 60 - Contract Services Totals:16,908 26,500 56,500 7,037 90,000 33,500 59 % 62 - Maintenance & Operations 5,177 10,000 10,000 2,451 10,000 0 0 %101-1004-60129 Recruiting/Pre-Employment 3,432 2,000 2,000 0 4,000 2,000 100 %101-1004-60320 Travel & Training 13,514 52,000 52,000 6,098 52,000 0 0 %101-1004-60322 Training & Education/MOU 10,386 5,000 5,000 6,410 9,000 4,000 80 %101-1004-60340 Employee Recognition Events 5,995 6,000 6,000 6,785 6,500 500 8 %101-1004-60351 Membership Dues 239 300 300 239 900 600 200 %101-1004-60352 Subscriptions & Publications 1,179 500 500 112 500 0 0 %101-1004-60400 Office Supplies 0 200 200 0 0 (200)-100 %101-1004-60410 Printing 788 1,000 1,000 0 1,000 0 0 %101-1004-60420 Operating Supplies 62 - Maintenance & Operations Totals:40,710 77,000 77,000 22,095 83,900 6,900 9 % 69 - Internal Service Charges 41,300 18,800 18,800 14,100 19,100 300 2 %101-1004-98110 Information Tech Charges 69 - Internal Service Charges Totals:41,300 18,800 18,800 14,100 19,100 300 2 % 1004 - Human Resources Totals:521,077 264,400 304,400 159,710 376,000 71,600 24 % 301,531 89,600 89,600 72,250 96,400 6,800 39,419 17,400 27,400 26,918 36,300 8,900 100 0 0 180 0 0 26,582 7,000 7,000 7,468 7,500 500 28,677 20,600 20,600 4,727 21,000 400 659 0 0 229 0 0 4,009 0 0 1,302 0 0 86 0 0 28 0 0 1,161 600 600 329 600 0 5,600 2,100 2,100 1,575 2,100 0 5,104 1,300 1,300 1,473 1,500 200 495 0 0 0 0 0 7,988 0 0 0 0 0 750 3,500 3,500 0 17,600 14,100 422,160 142,100 152,100 116,479 183,000 30,900 7,323 10,000 40,000 0 70,000 30,000 10,578 16,500 16,500 7,037 20,000 3,500 (993)0 0 0 0 0 16,908 26,500 56,500 7,037 90,000 33,500 5,177 10,000 10,000 2,451 10,000 0 3,432 2,000 2,000 0 4,000 2,000 13,514 52,000 52,000 6,098 52,000 0 10,386 5,000 5,000 6,410 9,000 4,000 5,995 6,000 6,000 6,785 6,500 500 239 300 300 239 900 600 1,179 500 500 112 500 0 0 200 200 0 0 (200) 788 1,000 1,000 0 1,000 0 40,710 77,000 77,000 22,095 83,900 6,900 41,300 18,800 18,800 14,100 19,100 300 41,300 18,800 18,800 14,100 19,100 300 521,077 264,400 304,400 159,710 376,000 71,600 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 21 Department : 1004 - Human Resources Permanent Full Time 96,400.00101-1004-50101 100% - Human Resources Analyst Salaries - Part Time 36,300.00101-1004-50102 100% - Administrative Technician Part Time Professional Services 70,000.00101-1004-60103 Citywide employee development programs Class and compensation study Consultants/Employee Services 20,000.00101-1004-60104 Employee Assistance Program (EAP)- Wellness Works Administration fee for American Fidelity CalPERS- Monthly medical premium and administration fees TAG/AMS DOT random screenings DMV medical exams (Class B) Recruiting/Pre-Employment 10,000.00101-1004-60129 Interview panel costs Fingerprinting Physicals and drug screenings Background checks Travel & Training 4,000.00101-1004-60320 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 22 Bilingual testing Liebert Cassidy Whitmore (LCW)- law & labor relations Educational forums and miscellaneous training Membership Dues 6,500.00101-1004-60351 Society of HR Management (SHRM) Professionals in HR Association (PIHRA) International Public Management Association for HR (IPMA-HR), World at Work (WOW) CV Employment Relations Consortium (LCW) CA Public Employers Labor Relations Assoc. (CalPELRA) Subscriptions & Publications 900.00101-1004-60352 Labor law compliance posters CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 23 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 2001 - Police 60 - Contract Services 14,940 30,000 60,000 22,244 40,000 (20,000)-33 %101-2001-60103 Professional Services 8,687 10,000 10,000 4,236 10,000 0 0 %101-2001-60109 LQ Police Volunteers 9,244,258 9,822,600 9,627,600 5,639,262 10,326,000 698,400 7 %101-2001-60161 Sheriff Patrol 335,834 349,200 342,200 175,137 367,000 24,800 7 %101-2001-60162 Police Overtime 2,676,065 2,050,700 2,010,700 1,009,680 2,155,800 145,100 7 %101-2001-60163 Target Team 766,815 872,600 855,100 459,237 917,400 62,300 7 %101-2001-60164 Community Services Officer 63,449 106,000 104,000 23,457 111,500 7,500 7 %101-2001-60165 Special Enforcement/City Special Events 179,365 202,800 198,800 113,701 213,200 14,400 7 %101-2001-60166 Gang Task Force 149,015 202,800 198,800 113,701 213,300 14,500 7 %101-2001-60167 Narcotics Task Force 117,847 194,800 103,800 0 204,700 100,900 97 %101-2001-60168 School Officer 667,407 1,505,000 1,475,000 972,159 1,582,000 107,000 7 %101-2001-60169 Motor Officer 518,745 568,800 556,800 314,739 597,900 41,100 7 %101-2001-60170 Dedicated Sargeants 290,930 318,000 311,500 178,746 334,200 22,700 7 %101-2001-60171 Dedicated Lieutenant 479,370 490,000 480,000 287,665 515,000 35,000 7 %101-2001-60172 Sheriff - Mileage 0 18,000 18,000 0 18,000 0 0 %101-2001-60173 Booking Fees 28,170 30,000 30,000 20,013 30,000 0 0 %101-2001-60174 Blood/Alcohol Testing 70,608 95,000 95,000 21,044 95,000 0 0 %101-2001-60175 Special Enforcement Funds 509,317 540,000 557,000 47,531 557,000 0 0 %101-2001-60176 Sheriff - Other 9,193 8,000 8,000 2,922 8,000 0 0 %101-2001-60193 Sexual Assault Exam Fees 60 - Contract Services Totals:16,130,014 17,414,300 17,042,300 9,405,474 18,296,000 1,253,700 7 % 62 - Maintenance & Operations 7,917 5,000 5,000 5,640 5,000 0 0 %101-2001-60320 Travel & Training 10,987 13,000 33,000 6,828 13,000 (20,000)-61 %101-2001-60420 Operating Supplies 62 - Maintenance & Operations Totals:18,904 18,000 38,000 12,468 18,000 (20,000) -53 % 66 - Utilities 12,733 14,000 14,000 10,575 14,000 0 0 %101-2001-61300 Telephone - Utilities 66 - Utilities Totals:12,733 14,000 14,000 10,575 14,000 0 0 % 68 - Capital Expenses 65,072 6,000 56,000 0 50,000 (6,000)-11 %101-2001-71031 Vehicles 68 - Capital Expenses Totals:65,072 6,000 56,000 0 50,000 (6,000)-11 % 69 - Internal Service Charges 7,400 10,000 10,000 7,500 10,000 0 0 %101-2001-98110 Information Tech Charges 44,200 44,400 44,400 33,300 51,100 6,700 15 %101-2001-98140 Facility & Fleet Maintenance 69 - Internal Service Charges Totals:51,600 54,400 54,400 40,800 61,100 6,700 12 % 2001 - Police Totals:16,278,322 17,506,700 17,204,700 9,469,317 18,439,100 1,234,400 7 % 14,940 30,000 60,000 22,244 40,000 (20,000) 8,687 10,000 10,000 4,236 10,000 0 9,244,258 9,822,600 9,627,600 5,639,262 10,326,000 698,400 335,834 349,200 342,200 175,137 367,000 24,800 2,676,065 2,050,700 2,010,700 1,009,680 2,155,800 145,100 766,815 872,600 855,100 459,237 917,400 62,300 63,449 106,000 104,000 23,457 111,500 7,500 179,365 202,800 198,800 113,701 213,200 14,400 149,015 202,800 198,800 113,701 213,300 14,500 117,847 194,800 103,800 0 204,700 100,900 667,407 1,505,000 1,475,000 972,159 1,582,000 107,000 518,745 568,800 556,800 314,739 597,900 41,100 290,930 318,000 311,500 178,746 334,200 22,700 479,370 490,000 480,000 287,665 515,000 35,000 0 18,000 18,000 0 18,000 0 28,170 30,000 30,000 20,013 30,000 0 70,608 95,000 95,000 21,044 95,000 0 509,317 540,000 557,000 47,531 557,000 0 9,193 8,000 8,000 2,922 8,000 0 16,130,014 17,414,300 17,042,300 9,405,474 18,296,000 1,253,700 7,917 5,000 5,000 5,640 5,000 0 10,987 13,000 33,000 6,828 13,000 (20,000) 18,904 18,000 38,000 12,468 18,000 (20,000) 12,733 14,000 14,000 10,575 14,000 0 12,733 14,000 14,000 10,575 14,000 0 65,072 6,000 56,000 0 50,000 (6,000) 65,072 6,000 56,000 0 50,000 (6,000) 7,400 10,000 10,000 7,500 10,000 0 44,200 44,400 44,400 33,300 51,100 6,700 51,600 54,400 54,400 40,800 61,100 6,700 16,278,322 17,506,700 17,204,700 9,469,317 18,439,100 1,234,400 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 24 Department : 2001 - Police Professional Services 40,000.00101-2001-60103 Annual Police Matrix Study Sheriff Patrol 10,326,000.00101-2001-60161 Increases for Police services in FY 2021/22 are attributed to rising labor and pension costs. Daily patrol hours (130) or service levels are incorporated. The contract funds the following positions: 1 Lieutenant, 2 Sergeants, 2 Motor Traffic Officers, 3 Traffic Officers, 5 Special Enforcement Team Officers, 2 Deputy Sheriff Officers, and 6 Community Service Officers. Travel & Training 5,000.00101-2001-60320 Crime prevention officers will provide training to the Citizens on Patrol. Vehicles 50,000.00101-2001-71031 Citizens on Patrol vehicle replacement needed for a Durango. CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 25 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 2002 - Fire 50 - Salaries and Benefits 133,268 189,500 189,500 150,910 204,500 15,000 8 %101-2002-50101 Permanent Full Time 919 4,000 4,000 0 4,000 0 0 %101-2002-50105 Salaries - Overtime 63 100 100 77 100 0 0 %101-2002-50150 Other Compensation 9,326 15,000 15,000 11,588 16,100 1,100 7 %101-2002-50200 PERS-City Portion 36,553 52,300 52,300 38,283 53,400 1,100 2 %101-2002-50221 Medical Insurance 485 0 0 508 0 0 0 %101-2002-50222 Vision Insurance 2,297 0 0 2,217 0 0 0 %101-2002-50223 Dental Insurance 71 0 0 77 0 0 0 %101-2002-50224 Life Insurance 690 2,000 2,000 668 2,000 0 0 %101-2002-50225 Long Term Disability 3,700 5,200 5,200 3,900 5,400 200 4 %101-2002-50230 Workers Comp Insurance 1,946 2,800 2,800 2,188 3,100 300 11 %101-2002-50240 Social Security-Medicare 50 - Salaries and Benefits Totals:189,319 270,900 270,900 210,417 288,600 17,700 7 % 60 - Contract Services 33,554 26,000 26,000 11,400 15,000 (11,000)-42 %101-2002-60103 Professional Services 3,023 3,500 3,500 0 3,000 (500)-14 %101-2002-60110 Volunteers - Fire 16,071 15,000 15,000 11,182 15,800 800 5 %101-2002-60112 Landscape Contract 2,269 2,600 2,600 2,889 2,500 (100)-4 %101-2002-60116 Pest Control 0 2,500 2,500 0 1,500 (1,000)-40 %101-2002-60123 Security & Alarm 6,065,984 6,828,900 6,828,900 1,391,082 7,170,300 341,400 5 %101-2002-60139 Fire Service Costs 225,345 250,000 250,000 48,590 250,000 0 0 %101-2002-60140 MOU - Ladder Truck 98 80,000 80,000 9,525 80,000 0 0 %101-2002-60525 Golf Tournament 60 - Contract Services Totals:6,346,342 7,208,500 7,208,500 1,474,668 7,538,100 329,600 5 % 62 - Maintenance & Operations 2,798 3,000 3,000 0 3,000 0 0 %101-2002-60320 Travel & Training 82 500 500 0 100 (400)-80 %101-2002-60351 Membership Dues 768 1,200 1,200 55 1,000 (200)-17 %101-2002-60400 Office Supplies 1,336 7,200 7,200 1,219 6,000 (1,200)-17 %101-2002-60406 Disaster Prep Supplies 283 500 500 187 500 0 0 %101-2002-60410 Printing 19,221 29,200 29,200 6,522 20,000 (9,200)-32 %101-2002-60445 Non-Reimbursable Misc 1,165 2,500 2,500 1,003 2,500 0 0 %101-2002-60545 Small Tools & Equipment 20,705 50,000 50,000 3,303 50,000 0 0 %101-2002-60670 Fire Station 1,726 10,000 10,000 1,750 5,000 (5,000)-50 %101-2002-60671 Repair & Maintenance - EOC 50,709 100,000 100,000 17,399 60,000 (40,000)-40 %101-2002-60691 Maintenance/Services 62 - Maintenance & Operations Totals:98,793 204,100 204,100 31,438 148,100 (56,000) -27 % 66 - Utilities 1,444 2,000 2,000 988 1,500 (500)-25 %101-2002-61100 Gas - Utilities 24,882 35,000 35,000 21,275 26,000 (9,000)-26 %101-2002-61101 Electricity - Utilities 10,657 16,000 16,000 9,122 15,000 (1,000)-6 %101-2002-61200 Water - Utilities 15,945 16,000 16,000 13,692 16,000 0 0 %101-2002-61300 Telephone - Utilities 3,945 7,000 7,000 3,375 7,000 0 0 %101-2002-61304 Mobile/Cell Phones/Satellites 5,986 7,000 7,000 5,132 6,000 (1,000)-14 %101-2002-61400 Cable - Utilities 66 - Utilities Totals:62,858 83,000 83,000 53,585 71,500 (11,500) -14 % 133,268 189,500 189,500 150,910 204,500 15,000 919 4,000 4,000 0 4,000 0 63 100 100 77 100 0 9,326 15,000 15,000 11,588 16,100 1,100 36,553 52,300 52,300 38,283 53,400 1,100 485 0 0 508 0 0 2,297 0 0 2,217 0 0 71 0 0 77 0 0 690 2,000 2,000 668 2,000 0 3,700 5,200 5,200 3,900 5,400 200 1,946 2,800 2,800 2,188 3,100 300 189,319 270,900 270,900 210,417 288,600 17,700 33,554 26,000 26,000 11,400 15,000 (11,000) 3,023 3,500 3,500 0 3,000 (500) 16,071 15,000 15,000 11,182 15,800 800 2,269 2,600 2,600 2,889 2,500 (100) 0 2,500 2,500 0 1,500 (1,000) 6,065,984 6,828,900 6,828,900 1,391,082 7,170,300 341,400 225,345 250,000 250,000 48,590 250,000 0 98 80,000 80,000 9,525 80,000 0 6,346,342 7,208,500 7,208,500 1,474,668 7,538,100 329,600 2,798 3,000 3,000 0 3,000 0 82 500 500 0 100 (400) 768 1,200 1,200 55 1,000 (200) 1,336 7,200 7,200 1,219 6,000 (1,200) 283 500 500 187 500 0 19,221 29,200 29,200 6,522 20,000 (9,200) 1,165 2,500 2,500 1,003 2,500 0 20,705 50,000 50,000 3,303 50,000 0 1,726 10,000 10,000 1,750 5,000 (5,000) 50,709 100,000 100,000 17,399 60,000 (40,000) 98,793 204,100 204,100 31,438 148,100 (56,000) 1,444 2,000 2,000 988 1,500 (500) 24,882 35,000 35,000 21,275 26,000 (9,000) 10,657 16,000 16,000 9,122 15,000 (1,000) 15,945 16,000 16,000 13,692 16,000 0 3,945 7,000 7,000 3,375 7,000 0 5,986 7,000 7,000 5,132 6,000 (1,000) 62,858 83,000 83,000 53,585 71,500 (11,500) CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 26 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 68 - Capital Expenses 0 35,000 35,000 0 5,000 (30,000)-86 %101-2002-71021 Furniture 0 30,000 60,000 0 0 (60,000)-100 %101-2002-71031 Vehicles 0 10,000 45,000 0 10,000 (35,000)-78 %101-2002-72110 Building Improvements 16,010 70,000 474,000 5,242 30,000 (444,000)-94 %101-2002-80101 Machinery & Equipment 68 - Capital Expenses Totals:16,010 145,000 614,000 5,242 45,000 (569,000) -93 % 69 - Internal Service Charges 4,000 5,000 5,000 3,750 5,800 800 16 %101-2002-91843 Property & Crime Insurance 12,000 13,000 13,000 9,750 14,000 1,000 8 %101-2002-91844 Earthquake Insurance 22,000 47,800 47,800 35,850 48,700 900 2 %101-2002-98110 Information Tech Charges 44,200 44,400 44,400 33,300 51,100 6,700 15 %101-2002-98140 Facility & Fleet Maintenance 69 - Internal Service Charges Totals:82,200 110,200 110,200 82,650 119,600 9,400 9 % 99 - Transfers Out 8,782 0 674,722 20,352 0 (674,722)-100 %101-2002-99900 Transfers Out 99 - Transfers Out Totals:8,782 0 674,722 20,352 0 (674,722) -100 % 2002 - Fire Totals:6,804,305 8,021,700 9,165,422 1,878,352 8,210,900 (954,522) -10 % 0 35,000 35,000 0 5,000 (30,000) 0 30,000 60,000 0 0 (60,000) 0 10,000 45,000 0 10,000 (35,000) 16,010 70,000 474,000 5,242 30,000 (444,000) 16,010 145,000 614,000 5,242 45,000 (569,000) 4,000 5,000 5,000 3,750 5,800 800 12,000 13,000 13,000 9,750 14,000 1,000 22,000 47,800 47,800 35,850 48,700 900 44,200 44,400 44,400 33,300 51,100 6,700 82,200 110,200 110,200 82,650 119,600 9,400 8,782 0 674,722 20,352 0 (674,722) 8,782 0 674,722 20,352 0 (674,722) 6,804,305 8,021,700 9,165,422 1,878,352 8,210,900 (954,522) CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 27 Department : 2002 - Fire Permanent Full Time 204,500.00101-2002-50101 100% - Senior Emergency Management Coordinator 100% - Administrative Assistant 15% - Community Resources Director (70% Community Resources Admin, 15% Library & Museum Fund) 20% - Public Safety Manager (80% Community Resources Admin) 20% - Administrative Technician (80% Code Compliance) Professional Services 15,000.00101-2002-60103 Public safety announcements and Nixle contract Landscape Contract 15,800.00101-2002-60112 Landscaping maintenance services for all three fire stations Fire Service Costs 7,170,300.00101-2002-60139 Fire Services are contracted with Riverside County and include the following: Captain, Medic Engineers, Engineers, Fire Fighter II - Medics, Fire Fighter II, Fire Safety Specialist, Overhead/Administration & Direct Operating Expenses, Medic Unit Operating Costs and Fire Engine Replacement Charges Travel & Training 3,000.00101-2002-60320 Emergency preparedness citywide training National Emergency Management Academy Membership Dues 100.00101-2002-60351 Journal of Emergency Management (JEM) subscription International Association of Emergency Managers (IAEM) Printing 500.00101-2002-60410 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 28 Update Emergency Operations Center forms Maintenance/Services 60,000.00101-2002-60691 Painting plus regular annual maintenance for each station Furniture 5,000.00101-2002-71021 Emergency Operations Center tables, chairs, and desks Machinery & Equipment 30,000.00101-2002-80101 Emergency Operations Center equipment and fire station generator upgrades CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 29 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 3001 - Community Resources Administration 50 - Salaries and Benefits 483,339 367,000 367,000 295,456 393,500 26,500 7 %101-3001-50101 Permanent Full Time 616 0 0 0 0 0 0 %101-3001-50105 Salaries - Overtime 2,952 3,600 3,600 1,500 4,500 900 25 %101-3001-50110 Commissions & Boards 1,509 0 0 0 0 0 0 %101-3001-50111 Internships 806 700 700 407 400 (300)-43 %101-3001-50150 Other Compensation 37,781 31,700 31,700 24,611 34,000 2,300 7 %101-3001-50200 PERS-City Portion 71,408 71,800 71,800 44,855 73,200 1,400 2 %101-3001-50221 Medical Insurance 1,010 0 0 625 0 0 0 %101-3001-50222 Vision Insurance 4,439 0 0 2,719 0 0 0 %101-3001-50223 Dental Insurance 209 0 0 127 0 0 0 %101-3001-50224 Life Insurance 2,059 2,000 2,000 1,202 2,100 100 5 %101-3001-50225 Long Term Disability 8,400 7,100 7,100 5,325 7,400 300 4 %101-3001-50230 Workers Comp Insurance 7,140 5,400 5,400 4,306 5,800 400 7 %101-3001-50240 Social Security-Medicare 277 0 0 93 0 0 0 %101-3001-50241 Social Security-FICA 4,000 0 0 0 0 0 0 %101-3001-50300 Employee Recognition 50 - Salaries and Benefits Totals:625,944 489,300 489,300 381,227 520,900 31,600 6 % 60 - Contract Services 25,000 0 10,000 10,000 25,000 15,000 150 %101-3001-60101 Contract Services 5,482 7,000 7,000 671 7,000 0 0 %101-3001-60122 Credit Card Fees 30,000 60,000 60,000 1,275 40,000 (20,000)-33 %101-3001-60135 Boys & Girls Club 60 - Contract Services Totals:60,482 67,000 77,000 11,946 72,000 (5,000)-6 % 62 - Maintenance & Operations 0 5,000 5,000 0 3,000 (2,000)-40 %101-3001-60157 Rent Expense 2,679 2,500 2,500 3,930 4,000 1,500 60 %101-3001-60320 Travel & Training 265 300 300 0 300 0 0 %101-3001-60351 Membership Dues 731 2,000 2,000 80 1,500 (500)-25 %101-3001-60400 Office Supplies 1,685 0 0 0 0 0 0 %101-3001-60420 Operating Supplies 68,400 60,000 140,000 37,800 135,000 (5,000)-4 %101-3001-60510 Grants & Economic Development/Marketing 1,218 6,000 6,000 0 2,000 (4,000)-67 %101-3001-60527 2-1-1 Hotline 0 3,000 3,000 0 3,000 0 0 %101-3001-60531 Homeless Bus Passes 62 - Maintenance & Operations Totals:74,978 78,800 158,800 41,810 148,800 (10,000) -6 % 69 - Internal Service Charges 62,000 65,500 65,500 49,125 66,800 1,300 2 %101-3001-98110 Information Tech Charges 69 - Internal Service Charges Totals:62,000 65,500 65,500 49,125 66,800 1,300 2 % 3001 - Community Resources Administration Totals:823,403 700,600 790,600 484,107 808,500 17,900 2 % 483,339 367,000 367,000 295,456 393,500 26,500 616 0 0 0 0 0 2,952 3,600 3,600 1,500 4,500 900 1,509 0 0 0 0 0 806 700 700 407 400 (300) 37,781 31,700 31,700 24,611 34,000 2,300 71,408 71,800 71,800 44,855 73,200 1,400 1,010 0 0 625 0 0 4,439 0 0 2,719 0 0 209 0 0 127 0 0 2,059 2,000 2,000 1,202 2,100 100 8,400 7,100 7,100 5,325 7,400 300 7,140 5,400 5,400 4,306 5,800 400 277 0 0 93 0 0 4,000 0 0 0 0 0 625,944 489,300 489,300 381,227 520,900 31,600 25,000 0 10,000 10,000 25,000 15,000 5,482 7,000 7,000 671 7,000 0 30,000 60,000 60,000 1,275 40,000 (20,000) 60,482 67,000 77,000 11,946 72,000 (5,000) 0 5,000 5,000 0 3,000 (2,000) 2,679 2,500 2,500 3,930 4,000 1,500 265 300 300 0 300 0 731 2,000 2,000 80 1,500 (500) 1,685 0 0 0 0 0 68,400 60,000 140,000 37,800 135,000 (5,000) 1,218 6,000 6,000 0 2,000 (4,000) 0 3,000 3,000 0 3,000 0 74,978 78,800 158,800 41,810 148,800 (10,000) 62,000 65,500 65,500 49,125 66,800 1,300 62,000 65,500 65,500 49,125 66,800 1,300 823,403 700,600 790,600 484,107 808,500 17,900 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 30 Department : 3001 - Community Resources Administration Permanent Full Time 393,500.00101-3001-50101 70% - Community Resources Director (15% Fire, 15% Library & Museum Fund) 80% - Public Safety Manager (20% Fire) 40% - Community Resources Manager (40% Wellness Center Operations, 20% Library & Museum Fund) 80% - Community Resources Analyst (20% Library & Museum Fund) 80% - Administrative Technician (20% Library & Museum Fund) Contract Services 25,000.00101-3001-60101 Full restoration of Old Towne Artisan Studio wellness west partnership to be restored. Rent Expense 3,000.00101-3001-60157 YMCA lease Travel & Training 4,000.00101-3001-60320 Leadership training and State of the City Membership Dues 300.00101-3001-60351 Engaging Local Government Leaders (ELGL) International City/County Management Association (ICMA) Grants & Economic Developmen…135,000.00101-3001-60510 $60,000 for Community Services Grants are administered per City Policy and selected via a Grant Ad Hoc Commitee. $75,000 for food distribution and other social service programs. CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 31 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 3002 - Wellness Center Operations 50 - Salaries and Benefits 338,562 215,400 215,400 169,942 233,900 18,500 9 %101-3002-50101 Permanent Full Time 64,376 64,800 64,800 37,376 69,400 4,600 7 %101-3002-50102 Salaries - Part Time 1,642 1,200 1,200 1,033 1,000 (200)-17 %101-3002-50150 Other Compensation 33,520 21,900 21,900 19,142 23,800 1,900 9 %101-3002-50200 PERS-City Portion 65,756 69,800 69,800 40,079 71,100 1,300 2 %101-3002-50221 Medical Insurance 1,191 0 0 719 0 0 0 %101-3002-50222 Vision Insurance 4,850 0 0 3,316 0 0 0 %101-3002-50223 Dental Insurance 156 0 0 95 0 0 0 %101-3002-50224 Life Insurance 1,593 1,300 1,300 783 1,400 100 8 %101-3002-50225 Long Term Disability 6,600 6,900 6,900 5,175 7,100 200 3 %101-3002-50230 Workers Comp Insurance 5,887 3,200 3,200 3,041 3,500 300 9 %101-3002-50240 Social Security-Medicare 1,475 0 0 445 0 0 0 %101-3002-50241 Social Security-FICA 50 - Salaries and Benefits Totals:525,609 384,500 384,500 281,147 411,200 26,700 7 % 60 - Contract Services 2,500 4,300 4,300 0 5,000 700 16 %101-3002-60103 Professional Services 41,077 30,000 30,000 7,833 40,000 10,000 33 %101-3002-60107 Instructors 3,000 3,000 13,000 0 3,000 (10,000)-77 %101-3002-60108 Technical 60 - Contract Services Totals:46,577 37,300 47,300 7,833 48,000 700 1 % 62 - Maintenance & Operations 2,900 3,000 3,000 0 3,000 0 0 %101-3002-60157 Rental Expense 259 1,000 1,000 256 1,000 0 0 %101-3002-60320 Travel & Training 1,571 3,000 3,000 1,315 3,000 0 0 %101-3002-60351 Membership Dues 601 500 500 350 700 200 40 %101-3002-60352 Subscriptions & Publications 1,825 2,500 2,500 18 3,000 500 20 %101-3002-60400 Office Supplies 28,633 32,500 37,500 22,687 45,000 7,500 20 %101-3002-60420 Operating Supplies 0 1,000 1,000 0 1,000 0 0 %101-3002-60432 Tools/Equipment 62 - Maintenance & Operations Totals:35,789 43,500 48,500 24,626 56,700 8,200 17 % 69 - Internal Service Charges 48,200 63,700 63,700 47,775 64,900 1,200 2 %101-3002-98110 Information Tech Charges 14,800 14,800 14,800 11,100 17,100 2,300 16 %101-3002-98140 Facility & Fleet Maintenance 69 - Internal Service Charges Totals:63,000 78,500 78,500 58,875 82,000 3,500 4 % 3002 - Wellness Center Operations Totals:670,974 543,800 558,800 372,481 597,900 39,100 7 % 338,562 215,400 215,400 169,942 233,900 18,500 64,376 64,800 64,800 37,376 69,400 4,600 1,642 1,200 1,200 1,033 1,000 (200) 33,520 21,900 21,900 19,142 23,800 1,900 65,756 69,800 69,800 40,079 71,100 1,300 1,191 0 0 719 0 0 4,850 0 0 3,316 0 0 156 0 0 95 0 0 1,593 1,300 1,300 783 1,400 100 6,600 6,900 6,900 5,175 7,100 200 5,887 3,200 3,200 3,041 3,500 300 1,475 0 0 445 0 0 525,609 384,500 384,500 281,147 411,200 26,700 2,500 4,300 4,300 0 5,000 700 41,077 30,000 30,000 7,833 40,000 10,000 3,000 3,000 13,000 0 3,000 (10,000) 46,577 37,300 47,300 7,833 48,000 700 2,900 3,000 3,000 0 3,000 0 259 1,000 1,000 256 1,000 0 1,571 3,000 3,000 1,315 3,000 0 601 500 500 350 700 200 1,825 2,500 2,500 18 3,000 500 28,633 32,500 37,500 22,687 45,000 7,500 0 1,000 1,000 0 1,000 0 35,789 43,500 48,500 24,626 56,700 8,200 48,200 63,700 63,700 47,775 64,900 1,200 14,800 14,800 14,800 11,100 17,100 2,300 63,000 78,500 78,500 58,875 82,000 3,500 670,974 543,800 558,800 372,481 597,900 39,100 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 32 Department : 3002 - Wellness Center Operations Permanent Full Time 233,900.00101-3002-50101 40% - Community Resources Manager (40% Community Resources Administration, 15% Library & Museum Fund) 100% - Community Resources Specialist 100% - Community Resources Coordinator 100% - Administrative Assistant Salaries - Part Time 69,400.00101-3002-50102 100% - Recreation Leader (8) Professional Services 5,000.00101-3002-60103 Retired senior volunteer program, annual volunteer sponsorships to Watercolors of La Quinta, Boys & Girls Club of La Quinta, and the California Highway Patrol Instructors 40,000.00101-3002-60107 Instructors for fitness classes, programming will be evaluated using COVID-19 guidance. Technical 3,000.00101-3002-60108 Annual sponsorship for the Riverside County Senior Inspiration Awards Rental Expense 3,000.00101-3002-60157 General insurances and security guards for facility rentals Travel & Training 1,000.00101-3002-60320 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 33 Park and Recreational activity program training and certifications Membership Dues 3,000.00101-3002-60351 Amount Motion Picture Licensing Corporation (MPLC)500 National Council on Aging (NCOA)100 TechnoGym apps 2,400 Subscriptions & Publications 700.00101-3002-60352 Amount Desert Sun newspaper 300 Wellness publications 400 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 34 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 3003 - Recreation Programs & Special Events 50 - Salaries and Benefits 53,882 53,000 53,000 43,974 56,700 3,700 7 %101-3003-50101 Permanent Full Time 61,877 64,800 64,800 7,548 69,400 4,600 7 %101-3003-50102 Salaries - Part Time 20 0 0 0 0 0 0 %101-3003-50150 Other Compensation 5,391 10,000 10,000 3,215 10,500 500 5 %101-3003-50200 PERS-City Portion 7,760 20,600 20,600 5,964 21,000 400 2 %101-3003-50221 Medical Insurance 104 0 0 74 0 0 0 %101-3003-50222 Vision Insurance 246 0 0 175 0 0 0 %101-3003-50223 Dental Insurance 35 0 0 25 0 0 0 %101-3003-50224 Life Insurance 287 1,200 1,200 177 1,300 100 8 %101-3003-50225 Long Term Disability 1,900 2,100 2,100 1,575 2,100 0 0 %101-3003-50230 Workers Comp Insurance 1,678 6,600 6,600 747 6,600 0 0 %101-3003-50240 Social Security-Medicare 2,350 0 0 163 0 0 0 %101-3003-50241 Social Security-FICA 50 - Salaries and Benefits Totals:135,528 158,300 158,300 63,637 167,600 9,300 6 % 60 - Contract Services 0 0 0 (2,311)0 0 0 %101-3003-60107 Instructors 0 30,000 30,000 0 125,000 95,000 317 %101-3003-60184 Fritz Burns Pool Programming 0 0 0 0 150,000 150,000 0 %101-3003-60190 X-Park Programming 60 - Contract Services Totals:0 30,000 30,000 (2,311)275,000 245,000 817 % 62 - Maintenance & Operations 245,076 150,000 190,000 51,814 275,000 85,000 45 %101-3003-60149 Community Experiences 853 1,000 1,000 0 1,000 0 0 %101-3003-60157 Rental Expense 29 1,000 1,000 199 1,000 0 0 %101-3003-60320 Travel & Training 200 1,000 1,000 200 500 (500)-50 %101-3003-60351 Membership Dues 5,675 4,000 4,000 866 5,000 1,000 25 %101-3003-60420 Operating Supplies 26,053 45,000 45,000 87 45,000 0 0 %101-3003-60512 LQ Art Event 62 - Maintenance & Operations Totals:277,885 202,000 242,000 53,166 327,500 85,500 35 % 69 - Internal Service Charges 13,800 18,800 18,800 14,100 19,100 300 2 %101-3003-98110 Information Tech Charges 29,200 29,600 29,600 22,200 34,100 4,500 15 %101-3003-98140 Facility & Fleet Maintenance 69 - Internal Service Charges Totals:43,000 48,400 48,400 36,300 53,200 4,800 10 % 3003 - Recreation Programs & Special Events Totals:456,413 438,700 478,700 150,792 823,300 344,600 72 % 53,882 53,000 53,000 43,974 56,700 3,700 61,877 64,800 64,800 7,548 69,400 4,600 20 0 0 0 0 0 5,391 10,000 10,000 3,215 10,500 500 7,760 20,600 20,600 5,964 21,000 400 104 0 0 74 0 0 246 0 0 175 0 0 35 0 0 25 0 0 287 1,200 1,200 177 1,300 100 1,900 2,100 2,100 1,575 2,100 0 1,678 6,600 6,600 747 6,600 0 2,350 0 0 163 0 0 135,528 158,300 158,300 63,637 167,600 9,300 0 0 0 (2,311)0 0 0 30,000 30,000 0 125,000 95,000 0 0 0 0 150,000 150,000 0 30,000 30,000 (2,311)275,000 245,000 245,076 150,000 190,000 51,814 275,000 85,000 853 1,000 1,000 0 1,000 0 29 1,000 1,000 199 1,000 0 200 1,000 1,000 200 500 (500) 5,675 4,000 4,000 866 5,000 1,000 26,053 45,000 45,000 87 45,000 0 277,885 202,000 242,000 53,166 327,500 85,500 13,800 18,800 18,800 14,100 19,100 300 29,200 29,600 29,600 22,200 34,100 4,500 43,000 48,400 48,400 36,300 53,200 4,800 456,413 438,700 478,700 150,792 823,300 344,600 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 35 Department : 3003 - Recreation Programs & Special Events Permanent Full Time 56,700.00101-3003-50101 100% - Management Assistant Salaries - Part Time 69,400.00101-3003-50102 100% - Senior Recreation Leader (2) 100% - Recreation Leader (3) Community Experiences 275,000.00101-3003-60149 Programming for special events will be determined by COVID-19 guidance. Anticipated events include 9/11 Vigil, Veteran's Day Celebration, Tree Lighting, Ironman, City Picnic, Art on Main, Summer Golf, Mission LQ Rocket Launch, Pillars of the Community, and Soaring Over LQ Kite Experience. Rental Expense 1,000.00101-3003-60157 Special event insurances and security guards for events Fritz Burns Pool Programming 125,000.00101-3003-60184 Pool operating contract services Travel & Training 1,000.00101-3003-60320 Park and Recreation program training and certifications Membership Dues 500.00101-3003-60351 Americans for Art California Parks and Recreation Society (CPRS) CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 36 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 6004 - Code Compliance/Animal Control 50 - Salaries and Benefits 509,542 474,200 509,000 352,749 553,000 44,000 9 %101-6004-50101 Permanent Full Time 7,632 10,000 20,000 13,439 15,000 (5,000)-25 %101-6004-50105 Salaries - Overtime 250 100 100 0 100 0 0 %101-6004-50106 Standby 284 0 0 0 0 0 0 %101-6004-50107 Standby Overtime 487 500 500 0 20 (480)-96 %101-6004-50150 Other Compensation 49,823 51,600 54,300 34,482 55,500 1,200 2 %101-6004-50200 PERS-City Portion 110,516 139,500 151,500 90,984 163,100 11,600 8 %101-6004-50221 Medical Insurance 1,714 0 0 1,195 0 0 0 %101-6004-50222 Vision Insurance 7,383 0 0 5,174 0 0 0 %101-6004-50223 Dental Insurance 256 0 0 192 0 0 0 %101-6004-50224 Life Insurance 2,589 2,900 2,900 1,564 3,400 500 17 %101-6004-50225 Long Term Disability 13,100 13,700 13,700 10,275 16,300 2,600 19 %101-6004-50230 Workers Comp Insurance 8,161 6,900 7,300 5,374 8,200 900 12 %101-6004-50240 Social Security-Medicare 1,151 0 0 0 0 0 0 %101-6004-50241 Social Security- FICA 15,517 0 0 0 0 0 0 %101-6004-50251 Temporary 4,000 0 0 0 0 0 0 %101-6004-50300 Employee Recognition 50 - Salaries and Benefits Totals:732,405 699,400 759,300 515,429 814,620 55,320 7 % 60 - Contract Services 11,961 5,000 62,000 26,879 80,000 18,000 29 %101-6004-60103 Professional Services 948 2,000 1,000 120 1,000 0 0 %101-6004-60108 Technical 14,555 15,000 15,000 5,281 15,000 0 0 %101-6004-60111 Administrative Citation Services 0 1,000 1,000 0 500 (500)-50 %101-6004-60119 Vehicle Abatement 11,401 1,000 5,000 6,450 10,000 5,000 100 %101-6004-60120 Lot Cleaning/Gravel Program 659 500 500 360 2,000 1,500 300 %101-6004-60122 Credit Card Fees 4,586 0 0 0 0 0 0 %101-6004-60125 Temporary Agency Services 10,150 15,000 12,000 6,000 12,000 0 0 %101-6004-60194 Veterinary Service 166,214 225,000 225,000 113,451 255,000 30,000 13 %101-6004-60197 Animal Shelter Contract Service 60 - Contract Services Totals:220,475 264,500 321,500 158,541 375,500 54,000 17 % 62 - Maintenance & Operations 0 5,000 1,000 0 1,000 0 0 %101-6004-60121 Low-Income Housing Grants 1,271 1,000 1,000 (540)1,200 200 20 %101-6004-60320 Travel & Training 570 700 700 190 600 (100)-14 %101-6004-60351 Membership Dues 1,810 2,200 2,200 1,162 2,000 (200)-9 %101-6004-60400 Office Supplies 0 5,000 5,000 3,739 6,000 1,000 20 %101-6004-60410 Printing 1,078 1,000 1,000 115 1,500 500 50 %101-6004-60425 Supplies - Field 1,877 2,000 3,000 1,057 3,000 0 0 %101-6004-60690 Uniforms 62 - Maintenance & Operations Totals:6,607 16,900 13,900 5,722 15,300 1,400 10 % 69 - Internal Service Charges 96,400 127,300 127,300 95,475 148,700 21,400 17 %101-6004-98110 Information Tech Charges 88,400 88,700 88,700 66,525 119,200 30,500 34 %101-6004-98140 Facility & Fleet Maintenance 69 - Internal Service Charges Totals:184,800 216,000 216,000 162,000 267,900 51,900 24 % 6004 - Code Compliance/Animal Control Totals:1,144,286 1,196,800 1,310,700 841,692 1,473,320 162,620 12 % 509,542 474,200 509,000 352,749 553,000 44,000 7,632 10,000 20,000 13,439 15,000 (5,000) 250 100 100 0 100 0 284 0 0 0 0 0 487 500 500 0 20 (480) 49,823 51,600 54,300 34,482 55,500 1,200 110,516 139,500 151,500 90,984 163,100 11,600 1,714 0 0 1,195 0 0 7,383 0 0 5,174 0 0 256 0 0 192 0 0 2,589 2,900 2,900 1,564 3,400 500 13,100 13,700 13,700 10,275 16,300 2,600 8,161 6,900 7,300 5,374 8,200 900 1,151 0 0 0 0 0 15,517 0 0 0 0 0 4,000 0 0 0 0 0 732,405 699,400 759,300 515,429 814,620 55,320 11,961 5,000 62,000 26,879 80,000 18,000 948 2,000 1,000 120 1,000 0 14,555 15,000 15,000 5,281 15,000 0 0 1,000 1,000 0 500 (500) 11,401 1,000 5,000 6,450 10,000 5,000 659 500 500 360 2,000 1,500 4,586 0 0 0 0 0 10,150 15,000 12,000 6,000 12,000 0 166,214 225,000 225,000 113,451 255,000 30,000 220,475 264,500 321,500 158,541 375,500 54,000 0 5,000 1,000 0 1,000 0 1,271 1,000 1,000 (540)1,200 200 570 700 700 190 600 (100) 1,810 2,200 2,200 1,162 2,000 (200) 0 5,000 5,000 3,739 6,000 1,000 1,078 1,000 1,000 115 1,500 500 1,877 2,000 3,000 1,057 3,000 0 6,607 16,900 13,900 5,722 15,300 1,400 96,400 127,300 127,300 95,475 148,700 21,400 88,400 88,700 88,700 66,525 119,200 30,500 184,800 216,000 216,000 162,000 267,900 51,900 1,144,286 1,196,800 1,310,700 841,692 1,473,320 162,620 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 37 Department : 6004 - Code Compliance/Animal Control Permanent Full Time 553,000.00101-6004-50101 100% - Animal Control/Code Compliance Supervisor 100% - Code Compliance Officer II (4) 100% - Code Compliance Officer I (2, New position in 2021/22) 80% - Administrative Technician (20% Fire) In FY 2021/22, an additional Code Compliance Officer I position was added. Professional Services 80,000.00101-6004-60103 Short-term vacation rental hotline and vacation rental compliance Technical 1,000.00101-6004-60108 Riverside County recording fees for liens Administrative Citation Services 15,000.00101-6004-60111 Data ticket processing of code compliance and police citations; some processing is now being conducted by City staff. Travel & Training 1,200.00101-6004-60320 Code Enforcement officer training events Membership Dues 600.00101-6004-60351 Annual memberships for Code Officers to CA Association of Code Enforcement Officers (CACEO) Printing 6,000.00101-6004-60410 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET Community educational outreach, new citation books being ordered in FY 2021/22 38 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 3005 - Parks Maintenance 50 - Salaries and Benefits 241,841 222,400 222,400 176,167 240,800 18,400 8 %101-3005-50101 Permanent Full Time 359 600 600 725 700 100 17 %101-3005-50105 Salaries - Overtime 3,280 3,500 3,500 5,148 3,500 0 0 %101-3005-50106 Standby 4,909 4,000 4,000 15,094 4,000 0 0 %101-3005-50107 Standby Overtime 140 0 0 0 0 0 0 %101-3005-50150 Other Compensation 20,022 17,100 17,100 15,189 21,200 4,100 24 %101-3005-50200 PERS-City Portion 55,873 71,800 71,800 45,669 73,200 1,400 2 %101-3005-50221 Medical Insurance 822 0 0 646 0 0 0 %101-3005-50222 Vision Insurance 4,655 0 0 3,926 0 0 0 %101-3005-50223 Dental Insurance 111 0 0 98 0 0 0 %101-3005-50224 Life Insurance 1,107 1,300 1,300 818 1,500 200 15 %101-3005-50225 Long Term Disability 7,700 7,100 7,100 5,325 7,400 300 4 %101-3005-50230 Workers Comp Insurance 3,764 3,300 3,300 2,859 3,600 300 9 %101-3005-50240 Social Security-Medicare 50 - Salaries and Benefits Totals:344,583 331,100 331,100 271,664 355,900 24,800 7 % 60 - Contract Services 502,680 430,000 458,000 321,883 603,600 145,600 32 %101-3005-60112 Landscape Contract 60 - Contract Services Totals:502,680 430,000 458,000 321,883 603,600 145,600 32 % 62 - Maintenance & Operations 18,896 30,000 30,000 12,150 31,500 1,500 5 %101-3005-60117 Civic Center Lake Maintenance 475 1,000 1,000 425 1,000 0 0 %101-3005-60136 Lighting Service 134,676 40,000 75,000 71,040 60,000 (15,000)-20 %101-3005-60184 Fritz Burns Pool Maintenance 0 0 0 0 30,000 30,000 0 %101-3005-60189 SilverRock Lake Maintenance 4,950 3,000 3,000 1,139 3,000 0 0 %101-3005-60320 Travel & Training 735 1,000 1,000 730 1,000 0 0 %101-3005-60351 Membership Dues 1,038 1,000 1,000 484 1,000 0 0 %101-3005-60400 Office Supplies 23,652 10,000 10,000 13,303 15,000 5,000 50 %101-3005-60423 Supplies-Graffiti and Vandalism 375 1,000 1,000 538 1,000 0 0 %101-3005-60427 Safety Gear 74,391 60,000 115,000 50,191 140,000 25,000 22 %101-3005-60431 Materials/Supplies 3,598 3,000 3,000 1,671 3,000 0 0 %101-3005-60432 Tools/Equipment 42,983 31,000 31,000 9,273 35,000 4,000 13 %101-3005-60554 LQ Park Water Feature 900 10,000 10,000 0 10,000 0 0 %101-3005-60557 Tree Maintenance 948 2,500 2,500 1,706 2,500 0 0 %101-3005-60690 Uniforms 87,801 70,000 104,000 70,511 300,000 196,000 188 %101-3005-60691 Maintenance/Services 62 - Maintenance & Operations Totals:395,417 263,500 387,500 233,160 634,000 246,500 64 % 66 - Utilities 3,447 0 8,000 2,750 15,000 7,000 88 %101-3005-61100 Gas-Utilities FB Pool 157 300 300 119 300 0 0 %101-3005-61102 Electric - Monticello Park - Utilities 28,558 30,000 30,000 23,793 30,000 0 0 %101-3005-61103 Electric - Civic Center Park - Utilities 28 120 120 0 100 (20)-17 %101-3005-61104 Electric - Pioneer Park - Utilities 12,033 16,800 16,800 8,337 15,000 (1,800)-11 %101-3005-61105 Electric - Fritz Burns Park - Utilities 28,951 36,000 6,000 0 40,000 34,000 567 %101-3005-61106 Electric - Sports Complex - Utilities 2,960 4,800 4,800 99 5,000 200 4 %101-3005-61108 Electric - Colonel Paige - Utilities 32,370 42,000 42,000 39,727 42,000 0 0 %101-3005-61109 Electric - Community Park - Utilities 241,841 222,400 222,400 176,167 240,800 18,400 359 600 600 725 700 100 3,280 3,500 3,500 5,148 3,500 0 4,909 4,000 4,000 15,094 4,000 0 140 0 0 0 0 0 20,022 17,100 17,100 15,189 21,200 4,100 55,873 71,800 71,800 45,669 73,200 1,400 822 0 0 646 0 0 4,655 0 0 3,926 0 0 111 0 0 98 0 0 1,107 1,300 1,300 818 1,500 200 7,700 7,100 7,100 5,325 7,400 300 3,764 3,300 3,300 2,859 3,600 300 344,583 331,100 331,100 271,664 355,900 24,800 502,680 430,000 458,000 321,883 603,600 145,600 502,680 430,000 458,000 321,883 603,600 145,600 18,896 30,000 30,000 12,150 31,500 1,500 475 1,000 1,000 425 1,000 0 134,676 40,000 75,000 71,040 60,000 (15,000) 0 0 0 0 30,000 30,000 4,950 3,000 3,000 1,139 3,000 0 735 1,000 1,000 730 1,000 0 1,038 1,000 1,000 484 1,000 0 23,652 10,000 10,000 13,303 15,000 5,000 375 1,000 1,000 538 1,000 0 74,391 60,000 115,000 50,191 140,000 25,000 3,598 3,000 3,000 1,671 3,000 0 42,983 31,000 31,000 9,273 35,000 4,000 900 10,000 10,000 0 10,000 0 948 2,500 2,500 1,706 2,500 0 87,801 70,000 104,000 70,511 300,000 196,000 395,417 263,500 387,500 233,160 634,000 246,500 3,447 0 8,000 2,750 15,000 7,000 157 300 300 119 300 0 28,558 30,000 30,000 23,793 30,000 0 28 120 120 0 100 (20) 12,033 16,800 16,800 8,337 15,000 (1,800) 28,951 36,000 6,000 0 40,000 34,000 2,960 4,800 4,800 99 5,000 200 32,370 42,000 42,000 39,727 42,000 0 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 39 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 485 840 840 373 700 (140)-17 %101-3005-61110 Electric - Adams Park - Utilities 162 240 240 122 200 (40)-17 %101-3005-61111 Electric - Velasco Park - Utilities 283 360 360 209 350 (10)-3 %101-3005-61113 Electric - Eisenhower Park - Utilities 157 240 240 118 250 10 4 %101-3005-61114 Electric - Desert Pride - Utilities 0 0 7,600 0 25,000 17,400 229 %101-3005-61115 Electric - SilverRock Event Site - Utilities 0 0 0 0 30,000 30,000 0 %101-3005-61116 Electric - XPark Complex 23,800 30,000 30,000 16,239 25,000 (5,000)-17 %101-3005-61201 Water -Monticello Park - Utilities 27,559 38,000 38,000 24,452 38,000 0 0 %101-3005-61202 Water - Civic Center Park - Utilities 2,074 2,000 2,000 1,161 2,000 0 0 %101-3005-61203 Water -Eisenhower Park - Utilities 25,328 25,000 25,000 20,100 26,000 1,000 4 %101-3005-61204 Water -Fritz Burns Park - Utilities 1,168 1,000 1,000 1,269 1,300 300 30 %101-3005-61205 Water -Velasco Park - Utilities 7,313 5,000 5,000 9,469 7,000 2,000 40 %101-3005-61206 Water -Desert Pride - Utilities 11,492 15,000 15,000 8,454 13,000 (2,000)-13 %101-3005-61207 Water -Pioneer Park - Utilities 214 300 300 169 300 0 0 %101-3005-61208 Water -Seasons Park - Utilities 68,123 86,000 86,000 57,066 75,000 (11,000)-13 %101-3005-61209 Water -Community Park - Utilities 0 2,000 2,000 0 0 (2,000)-100 %101-3005-61210 Water - Adams Park - Utilities 0 0 6,000 0 50,000 44,000 733 %101-3005-61211 Water - SilverRock Event Site 0 0 0 0 10,000 10,000 0 %101-3005-61212 Water - XPark Complex 1,056 1,000 1,000 873 1,000 0 0 %101-3005-61300 Telephone - Utilities 66 - Utilities Totals:277,719 337,000 328,600 214,899 452,500 123,900 38 % 69 - Internal Service Charges 56,500 65,500 65,500 49,125 66,800 1,300 2 %101-3005-98110 Information Tech Charges 337,000 200,000 200,000 150,000 200,000 0 0 %101-3005-98130 Park Equipment Maintenance 44,200 43,700 43,700 32,775 68,100 24,400 56 %101-3005-98140 Facility & Fleet Maintenance 69 - Internal Service Charges Totals:437,700 309,200 309,200 231,900 334,900 25,700 8 % 3005 - Parks Maintenance Totals:1,958,099 1,670,800 1,814,400 1,273,506 2,380,900 566,500 31 % 485 840 840 373 700 (140) 162 240 240 122 200 (40) 283 360 360 209 350 (10) 157 240 240 118 250 10 0 0 7,600 0 25,000 17,400 0 0 0 0 30,000 30,000 23,800 30,000 30,000 16,239 25,000 (5,000) 27,559 38,000 38,000 24,452 38,000 0 2,074 2,000 2,000 1,161 2,000 0 25,328 25,000 25,000 20,100 26,000 1,000 1,168 1,000 1,000 1,269 1,300 300 7,313 5,000 5,000 9,469 7,000 2,000 11,492 15,000 15,000 8,454 13,000 (2,000) 214 300 300 169 300 0 68,123 86,000 86,000 57,066 75,000 (11,000) 0 2,000 2,000 0 0 (2,000) 0 0 6,000 0 50,000 44,000 0 0 0 0 10,000 10,000 1,056 1,000 1,000 873 1,000 0 277,719 337,000 328,600 214,899 452,500 123,900 56,500 65,500 65,500 49,125 66,800 1,300 337,000 200,000 200,000 150,000 200,000 0 44,200 43,700 43,700 32,775 68,100 24,400 437,700 309,200 309,200 231,900 334,900 25,700 1,958,099 1,670,800 1,814,400 1,273,506 2,380,900 566,500 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 40 Department : 3005 - Parks Maintenance Permanent Full Time 240,800.00101-3005-50101 50% - Facilities Deputy Director (50% Public Buildings) 50% - Parks/L&L Foreman (50% Lighting & Landscape Fund) 50% - Maintenance Worker II (50% Lighting & Landscape Fund) 50% - Maintenance Worker I (3 total, 50% Lighting & Landscape Fund) 50% - Management Analyst (50% Lighting & Landscape Fund) Landscape Contract 603,600.00101-3005-60112 SilverRock Event Site and X-Park were added in FY 2021/22. The budget also includes overseeding at Adams Park and retention basin. Fritz Burns Pool Maintenance 60,000.00101-3005-60184 Pool maintenance services Travel & Training 3,000.00101-3005-60320 Aquatic facility operator course Maintenance agreement school Playground certifications Membership Dues 1,000.00101-3005-60351 Amount CA Parks & Recreation Association (CPRS)500 National Park & Recreation Association (NPRA)500 Maintenance/Services 300,000.00101-3005-60691 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 41 SilverRock Event Site and X-Park were added in FY 2021/22. Budget also includes: Sports Complex laser leveling/infield mix, Civic Center Campos light posts painted/DG/plant replacement, tree and plant replacements at La Quinta Park, landscaping at Pioneer Park, and playground safety fill at all parks. Park Equipment Maintenance 200,000.00101-3005-98130 Funds are transferred to the Park Equipment & Facility Internal Service Fund for park equipment replacements CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 42 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 3008 - Public Buildings 50 - Salaries and Benefits 264,897 319,800 319,800 251,756 346,800 27,000 8 %101-3008-50101 Permanent Full Time 0 0 0 213 0 0 0 %101-3008-50105 Salaries - Overtime 6,142 6,000 6,000 7,337 6,000 0 0 %101-3008-50106 Standby 3,590 4,000 4,000 6,801 4,400 400 10 %101-3008-50107 Standby Overtime 643 500 500 384 500 0 0 %101-3008-50150 Other Compensation 18,317 26,100 26,100 22,203 31,100 5,000 19 %101-3008-50200 PERS-City Portion 49,214 92,300 92,300 56,670 94,100 1,800 2 %101-3008-50221 Medical Insurance 916 0 0 1,029 0 0 0 %101-3008-50222 Vision Insurance 3,052 0 0 3,660 0 0 0 %101-3008-50223 Dental Insurance 119 0 0 125 0 0 0 %101-3008-50224 Life Insurance 1,225 1,900 1,900 1,179 2,100 200 11 %101-3008-50225 Long Term Disability 14,800 9,100 9,100 6,825 9,400 300 3 %101-3008-50230 Workers Comp Insurance 4,279 4,700 4,700 3,908 5,200 500 11 %101-3008-50240 Social Security-Medicare 8,000 0 0 0 0 0 0 %101-3008-50300 Employee Recognition 50 - Salaries and Benefits Totals:375,193 464,400 464,400 362,090 499,600 35,200 8 % 60 - Contract Services 127,991 133,300 183,300 94,420 192,500 9,200 5 %101-3008-60115 Janitorial 8,669 7,000 7,000 6,511 9,000 2,000 29 %101-3008-60116 Pest Control 7,750 11,000 11,000 2,460 8,000 (3,000)-27 %101-3008-60123 Security & Alarm 6,294 4,500 4,500 2,317 6,000 1,500 33 %101-3008-60196 Annual Permits/Inspections 60 - Contract Services Totals:150,704 155,800 205,800 105,708 215,500 9,700 5 % 61 - Office Supplies 16 0 0 0 0 0 0 %101-3008-60400 Office Supplies 61 - Office Supplies Totals:16 0 0 0 0 0 0 % 62 - Maintenance & Operations 678 1,000 1,000 325 1,000 0 0 %101-3008-60320 Travel & Training 756 1,000 1,000 857 1,000 0 0 %101-3008-60427 Safety Gear 38,648 27,000 27,000 21,744 35,000 8,000 30 %101-3008-60431 Materials/Supplies 7,636 8,000 8,000 2,003 8,000 0 0 %101-3008-60432 Tools/Equipment 360 500 500 0 500 0 0 %101-3008-60481 Office Supplies 883 0 0 647 0 0 0 %101-3008-60664 Fire Extinguisher 38,186 40,000 40,000 24,564 70,000 30,000 75 %101-3008-60667 HVAC 929 1,000 1,000 989 1,500 500 50 %101-3008-60690 Uniforms 46,264 50,000 50,000 22,511 60,000 10,000 20 %101-3008-60691 Maintenance/Services 1,100 1,000 1,000 0 1,100 100 10 %101-3008-61702 Facility Rent 62 - Maintenance & Operations Totals:135,439 129,500 129,500 73,640 178,100 48,600 38 % 66 - Utilities 6,162 7,000 7,000 4,345 7,000 0 0 %101-3008-61100 Gas - Utilities 114,798 140,000 140,000 95,096 140,000 0 0 %101-3008-61101 Electricity - Utilities 8,620 9,000 9,000 6,227 9,000 0 0 %101-3008-61200 Water - Utilities 66 - Utilities Totals:129,580 156,000 156,000 105,668 156,000 0 0 % 264,897 319,800 319,800 251,756 346,800 27,000 0 0 0 213 0 0 6,142 6,000 6,000 7,337 6,000 0 3,590 4,000 4,000 6,801 4,400 400 643 500 500 384 500 0 18,317 26,100 26,100 22,203 31,100 5,000 49,214 92,300 92,300 56,670 94,100 1,800 916 0 0 1,029 0 0 3,052 0 0 3,660 0 0 119 0 0 125 0 0 1,225 1,900 1,900 1,179 2,100 200 14,800 9,100 9,100 6,825 9,400 300 4,279 4,700 4,700 3,908 5,200 500 8,000 0 0 0 0 0 375,193 464,400 464,400 362,090 499,600 35,200 127,991 133,300 183,300 94,420 192,500 9,200 8,669 7,000 7,000 6,511 9,000 2,000 7,750 11,000 11,000 2,460 8,000 (3,000) 6,294 4,500 4,500 2,317 6,000 1,500 150,704 155,800 205,800 105,708 215,500 9,700 16 0 0 0 0 0 16 0 0 0 0 0 678 1,000 1,000 325 1,000 0 756 1,000 1,000 857 1,000 0 38,648 27,000 27,000 21,744 35,000 8,000 7,636 8,000 8,000 2,003 8,000 0 360 500 500 0 500 0 883 0 0 647 0 0 38,186 40,000 40,000 24,564 70,000 30,000 929 1,000 1,000 989 1,500 500 46,264 50,000 50,000 22,511 60,000 10,000 1,100 1,000 1,000 0 1,100 100 135,439 129,500 129,500 73,640 178,100 48,600 6,162 7,000 7,000 4,345 7,000 0 114,798 140,000 140,000 95,096 140,000 0 8,620 9,000 9,000 6,227 9,000 0 129,580 156,000 156,000 105,668 156,000 0 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 43 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 69 - Internal Service Charges 81,000 62,000 62,000 46,500 67,000 5,000 8 %101-3008-91842 Liability Insurance & Claims 108,800 84,300 84,300 63,225 85,800 1,500 2 %101-3008-98110 Information Tech Charges 88,400 88,700 88,700 66,525 119,200 30,500 34 %101-3008-98140 Facility & Fleet Maintenance 69 - Internal Service Charges Totals:278,200 235,000 235,000 176,250 272,000 37,000 16 % 3008 - Public Buildings Totals:1,069,132 1,140,700 1,190,700 823,355 1,321,200 130,500 11 % 81,000 62,000 62,000 46,500 67,000 5,000 108,800 84,300 84,300 63,225 85,800 1,500 88,400 88,700 88,700 66,525 119,200 30,500 278,200 235,000 235,000 176,250 272,000 37,000 1,069,132 1,140,700 1,190,700 823,355 1,321,200 130,500 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 44 Department : 3008 - Public Buildings Permanent Full Time 346,800.00101-3008-50101 50% - Facilities Deputy Director (50% Parks Maintenance) 100% - Management Analyst 100% - Maintenance and Operations Technician 100% - Maintenance and Operations Coordinator 100% - Maintenance Worker I Janitorial 192,500.00101-3008-60115 Janitorial services for all public buildings including parks Services include additional cleaning to combat COVID-19 and a minimum wage increase Travel & Training 1,000.00101-3008-60320 HVAC training HVAC 70,000.00101-3008-60667 For all public buildings including City Hall, Fritz Burns Pool, La Quinta Park, Maintenance Yard, Public Works Office, Sports Complex, and Wellness Center. Replacements anticipated at the Wellness Center and City Hall in FY 2021/22. Maintenance/Services 60,000.00101-3008-60691 Public building repairs and maintenance Facility Rent 1,100.00101-3008-61702 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET Finance Authority requires an annual State Controller's Report. The 1996 Civic Center Bond was paid off in October 2018. 45 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 7001 - Public Works Administration 50 - Salaries and Benefits 9,940 342,200 342,200 260,078 368,800 26,600 8 %101-7001-50101 Permanent Full Time 62 500 500 1,498 500 0 0 %101-7001-50150 Other Compensation 987 33,800 33,800 25,481 36,400 2,600 8 %101-7001-50200 PERS-City Portion 1,864 82,100 82,100 42,481 83,700 1,600 2 %101-7001-50221 Medical Insurance 28 0 0 809 0 0 0 %101-7001-50222 Vision Insurance 211 0 0 4,788 0 0 0 %101-7001-50223 Dental Insurance 7 0 0 181 0 0 0 %101-7001-50224 Life Insurance 42 1,700 1,700 1,070 1,800 100 6 %101-7001-50225 Long Term Disability 0 8,100 8,100 6,075 8,400 300 4 %101-7001-50230 Workers Comp Insurance 146 5,000 5,000 3,806 5,500 500 10 %101-7001-50240 Social Security-Medicare 50 - Salaries and Benefits Totals:13,288 473,400 473,400 346,266 505,100 31,700 7 % 60 - Contract Services 0 150,000 150,000 699 150,000 0 0 %101-7001-60104 Consultants 60 - Contract Services Totals:0 150,000 150,000 699 150,000 0 0 % 62 - Maintenance & Operations 0 6,000 6,000 0 5,000 (1,000)-17 %101-7001-60320 Travel & Training 0 2,400 2,400 0 500 (1,900)-79 %101-7001-60351 Membership Dues 0 10,000 10,000 534 2,000 (8,000)-80 %101-7001-60400 Office Supplies 0 2,500 2,500 41 1,000 (1,500)-60 %101-7001-60420 Operating Supplies 62 - Maintenance & Operations Totals:0 20,900 20,900 575 8,500 (12,400) -59 % 69 - Internal Service Charges 0 74,900 74,900 56,175 76,300 1,400 2 %101-7001-98110 Information Tech Charges 69 - Internal Service Charges Totals:0 74,900 74,900 56,175 76,300 1,400 2 % 7001 - Public Works Administration Totals:13,288 719,200 719,200 403,715 739,900 20,700 3 % 9,940 342,200 342,200 260,078 368,800 26,600 62 500 500 1,498 500 0 987 33,800 33,800 25,481 36,400 2,600 1,864 82,100 82,100 42,481 83,700 1,600 28 0 0 809 0 0 211 0 0 4,788 0 0 7 0 0 181 0 0 42 1,700 1,700 1,070 1,800 100 0 8,100 8,100 6,075 8,400 300 146 5,000 5,000 3,806 5,500 500 13,288 473,400 473,400 346,266 505,100 31,700 0 150,000 150,000 699 150,000 0 0 150,000 150,000 699 150,000 0 0 6,000 6,000 0 5,000 (1,000) 0 2,400 2,400 0 500 (1,900) 0 10,000 10,000 534 2,000 (8,000) 0 2,500 2,500 41 1,000 (1,500) 0 20,900 20,900 575 8,500 (12,400) 0 74,900 74,900 56,175 76,300 1,400 0 74,900 74,900 56,175 76,300 1,400 13,288 719,200 719,200 403,715 739,900 20,700 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 46 Department : 7001 - Public Works Administration Permanent Full Time 368,800.00101-7001-50101 100% - Public Works Director/City Engineer 100% - Management Analyst 100% - Management Assistant 100% - Administrative Assistant Consultants 150,000.00101-7001-60104 Professional services and on-call electrical services Travel & Training 5,000.00101-7001-60320 Certification trainings Membership Dues 500.00101-7001-60351 American Public Works Association (APWA) American Traffic Safety Services Association (ATSSA) CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 47 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 7002 - Public Works Development Services 50 - Salaries and Benefits 258,463 111,000 111,000 86,292 118,100 7,100 6 %101-7002-50101 Permanent Full Time 603 0 0 384 0 0 0 %101-7002-50150 Other Compensation 29,473 13,800 13,800 10,667 14,700 900 7 %101-7002-50200 PERS-City Portion 28,050 20,600 20,600 9,473 21,000 400 2 %101-7002-50221 Medical Insurance 290 0 0 82 0 0 0 %101-7002-50222 Vision Insurance 2,204 0 0 495 0 0 0 %101-7002-50223 Dental Insurance 118 0 0 28 0 0 0 %101-7002-50224 Life Insurance 1,032 600 600 394 600 0 0 %101-7002-50225 Long Term Disability 5,600 2,100 2,100 1,575 2,100 0 0 %101-7002-50230 Workers Comp Insurance 3,758 1,700 1,700 1,251 1,800 100 6 %101-7002-50240 Social Security-Medicare 736 0 0 0 0 0 0 %101-7002-50250 Vehicle Reimbursement 50 - Salaries and Benefits Totals:330,328 149,800 149,800 110,641 158,300 8,500 6 % 60 - Contract Services 64,112 85,000 85,000 11,238 85,000 0 0 %101-7002-60103 Professional Services 3,500 5,000 5,000 3,500 5,000 0 0 %101-7002-60104 Consultants 86,818 100,000 100,000 67,117 110,000 10,000 10 %101-7002-60183 Map/Plan Checking 60 - Contract Services Totals:154,430 190,000 190,000 81,855 200,000 10,000 5 % 62 - Maintenance & Operations 430 500 500 0 1,000 500 100 %101-7002-60320 Travel & Training 0 500 500 0 500 0 0 %101-7002-60351 Membership Dues 143 0 0 0 0 0 0 %101-7002-60410 Printing 242 500 500 0 500 0 0 %101-7002-60420 Operating Supplies 420 500 500 262 500 0 0 %101-7002-60450 Advertising 62 - Maintenance & Operations Totals:1,235 2,000 2,000 262 2,500 500 25 % 69 - Internal Service Charges 41,300 18,800 18,800 14,100 19,100 300 2 %101-7002-98110 Information Tech Charges 29,500 29,600 29,600 22,200 51,100 21,500 73 %101-7002-98140 Facility & Fleet Maintenance 69 - Internal Service Charges Totals:70,800 48,400 48,400 36,300 70,200 21,800 45 % 7002 - Public Works Development Services Totals:556,793 390,200 390,200 229,058 431,000 40,800 10 % 258,463 111,000 111,000 86,292 118,100 7,100 603 0 0 384 0 0 29,473 13,800 13,800 10,667 14,700 900 28,050 20,600 20,600 9,473 21,000 400 290 0 0 82 0 0 2,204 0 0 495 0 0 118 0 0 28 0 0 1,032 600 600 394 600 0 5,600 2,100 2,100 1,575 2,100 0 3,758 1,700 1,700 1,251 1,800 100 736 0 0 0 0 0 330,328 149,800 149,800 110,641 158,300 8,500 64,112 85,000 85,000 11,238 85,000 0 3,500 5,000 5,000 3,500 5,000 0 86,818 100,000 100,000 67,117 110,000 10,000 154,430 190,000 190,000 81,855 200,000 10,000 430 500 500 0 1,000 500 0 500 500 0 500 0 143 0 0 0 0 0 242 500 500 0 500 0 420 500 500 262 500 0 1,235 2,000 2,000 262 2,500 500 41,300 18,800 18,800 14,100 19,100 300 29,500 29,600 29,600 22,200 51,100 21,500 70,800 48,400 48,400 36,300 70,200 21,800 556,793 390,200 390,200 229,058 431,000 40,800 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 48 Department : 7002 - Public Works Development Services Permanent Full Time 118,100.00101-7002-50101 100% - Associate Engineer Professional Services 85,000.00101-7002-60103 Amount National Pollution Discharge Elimination Systems 60,000 Stormwater Commercial/Restaurant State Mandate 25,000 Consultants 5,000.00101-7002-60104 Amount Project consulting services 5,000 Map/Plan Checking 110,000.00101-7002-60183 On-call map checking and engineering civil plan check services Travel & Training 1,000.00101-7002-60320 For various training events including: Desert Valley Builders Association meetings, American Public Works Association, professional engineering review courses, and water quality/ flood seminars Membership Dues 500.00101-7002-60351 Amount Board of Civil Engineers license 300 Other professional organizations 200 Advertising 500.00101-7002-60450 Public hearing notices CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 49 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 7003 - Streets 50 - Salaries and Benefits 6,206 206,900 206,900 164,250 223,200 16,300 8 %101-7003-50101 Permanent Full Time 78 7,000 7,000 6,617 7,000 0 0 %101-7003-50106 Standby 0 2,500 2,500 90 2,700 200 8 %101-7003-50107 Standby Overtime 31 1,000 1,000 769 1,000 0 0 %101-7003-50150 Other Compensation 613 20,500 20,500 15,894 22,100 1,600 8 %101-7003-50200 PERS-City Portion 1,502 61,600 61,600 37,278 62,800 1,200 2 %101-7003-50221 Medical Insurance 19 0 0 465 0 0 0 %101-7003-50222 Vision Insurance 82 0 0 2,012 0 0 0 %101-7003-50223 Dental Insurance 3 0 0 84 0 0 0 %101-7003-50224 Life Insurance 30 1,200 1,200 764 1,300 100 8 %101-7003-50225 Long Term Disability 0 6,100 6,100 4,575 6,300 200 3 %101-7003-50230 Workers Comp Insurance 91 2,000 2,000 2,479 2,000 0 0 %101-7003-50240 Social Security-Medicare 50 - Salaries and Benefits Totals:8,655 308,800 308,800 235,275 328,400 19,600 6 % 60 - Contract Services 0 75,000 75,000 45,650 70,000 (5,000)-7 %101-7003-60103 Professional Services 0 0 20,000 6,448 10,000 (10,000)-50 %101-7003-60120 Street Cleaning/Accidents 60 - Contract Services Totals:0 75,000 95,000 52,098 80,000 (15,000) -16 % 62 - Maintenance & Operations 1,804 4,000 3,500 710 4,000 500 14 %101-7003-60320 Travel & Training 388 800 800 400 500 (300)-38 %101-7003-60351 Membership Dues 906 0 500 186 500 0 0 %101-7003-60400 Office Supplies 7,224 5,500 5,500 4,818 6,000 500 9 %101-7003-60420 Operating Supplies 7,168 19,000 8,600 5,232 15,000 6,400 74 %101-7003-60432 Tools/Equipment 62 - Maintenance & Operations Totals:17,490 29,300 18,900 11,346 26,000 7,100 38 % 64 - Other Expenses 0 15,000 5,000 0 5,000 0 0 %101-7003-60510 Signal Knockdowns, Contingency 64 - Other Expenses Totals:0 15,000 5,000 0 5,000 0 0 % 68 - Capital Expenses 97,035 0 10,400 11,257 0 (10,400)-100 %101-7003-80100 Machinery & Equipment 68 - Capital Expenses Totals:97,035 0 10,400 11,257 0 (10,400) -100 % 69 - Internal Service Charges 0 56,200 56,200 42,150 57,200 1,000 2 %101-7003-98110 Information Tech Charges 69 - Internal Service Charges Totals:0 56,200 56,200 42,150 57,200 1,000 2 % 7003 - Streets Totals:123,180 484,300 494,300 352,127 496,600 2,300 0 % 6,206 206,900 206,900 164,250 223,200 16,300 78 7,000 7,000 6,617 7,000 0 0 2,500 2,500 90 2,700 200 31 1,000 1,000 769 1,000 0 613 20,500 20,500 15,894 22,100 1,600 1,502 61,600 61,600 37,278 62,800 1,200 19 0 0 465 0 0 82 0 0 2,012 0 0 3 0 0 84 0 0 30 1,200 1,200 764 1,300 100 0 6,100 6,100 4,575 6,300 200 91 2,000 2,000 2,479 2,000 0 8,655 308,800 308,800 235,275 328,400 19,600 0 75,000 75,000 45,650 70,000 (5,000) 0 0 20,000 6,448 10,000 (10,000) 0 75,000 95,000 52,098 80,000 (15,000) 1,804 4,000 3,500 710 4,000 500 388 800 800 400 500 (300) 906 0 500 186 500 0 7,224 5,500 5,500 4,818 6,000 500 7,168 19,000 8,600 5,232 15,000 6,400 17,490 29,300 18,900 11,346 26,000 7,100 0 15,000 5,000 0 5,000 0 0 15,000 5,000 0 5,000 0 97,035 0 10,400 11,257 0 (10,400) 97,035 0 10,400 11,257 0 (10,400) 0 56,200 56,200 42,150 57,200 1,000 0 56,200 56,200 42,150 57,200 1,000 123,180 484,300 494,300 352,127 496,600 2,300 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 50 Department : 7003 - Streets Permanent Full Time 223,200.00101-7003-50101 100% - Traffic Operations Analyst 100% - Traffic Signal Technician (2) Professional Services 70,000.00101-7003-60103 Street division support services and unanticipated repairs such as sidewalks, sinkholes, asphalt, and drainage channels. Travel & Training 4,000.00101-7003-60320 Onsite hearing tests and American Traffic Safety Services Association Membership Dues 500.00101-7003-60351 CA Park and Recreations American Traffic Safety Services Association (ATSSA) Signal Knockdowns, Contingency 5,000.00101-7003-60510 For traffic signal repairs due to accidents CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 51 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 7006 - Engineering Services 50 - Salaries and Benefits 495,556 215,100 215,100 171,665 232,800 17,700 8 %101-7006-50101 Permanent Full Time 53 0 0 663 0 0 0 %101-7006-50105 Salaries - Overtime 15,910 9,000 9,000 6,997 9,000 0 0 %101-7006-50106 Standby 82 1,000 1,000 0 1,000 0 0 %101-7006-50107 Standby Overtime 1,477 500 500 384 500 0 0 %101-7006-50150 Other Compensation 39,584 16,600 16,600 12,871 18,000 1,400 8 %101-7006-50200 PERS-City Portion 90,909 61,600 61,600 30,092 62,800 1,200 2 %101-7006-50221 Medical Insurance 1,215 0 0 465 0 0 0 %101-7006-50222 Vision Insurance 6,930 0 0 3,099 0 0 0 %101-7006-50223 Dental Insurance 216 0 0 84 0 0 0 %101-7006-50224 Life Insurance 2,376 1,300 1,300 796 1,400 100 8 %101-7006-50225 Long Term Disability 13,100 6,100 6,100 4,575 6,300 200 3 %101-7006-50230 Workers Comp Insurance 7,409 3,200 3,200 2,635 3,500 300 9 %101-7006-50240 Social Security-Medicare 50 - Salaries and Benefits Totals:674,816 314,400 314,400 234,327 335,300 20,900 7 % 60 - Contract Services 59,376 0 20,000 10,000 10,000 (10,000)-50 %101-7006-60103 Professional Services 48,138 60,000 40,000 14,818 60,000 20,000 50 %101-7006-60104 Consultants 217,781 180,000 180,000 84,624 200,000 20,000 11 %101-7006-60144 Contract Traffic Engineer 400 30,000 30,000 0 20,000 (10,000)-33 %101-7006-60145 Traffic Counts/Studies 62,784 25,000 85,000 2,970 70,000 (15,000)-18 %101-7006-60146 PM 10 - Dust Control 60 - Contract Services Totals:388,478 295,000 355,000 112,412 360,000 5,000 1 % 62 - Maintenance & Operations 7,236 5,100 5,100 4,288 5,000 (100)-2 %101-7006-60320 Travel & Training 95 1,100 1,100 0 1,100 0 0 %101-7006-60351 Membership Dues 244 100 100 0 200 100 100 %101-7006-60352 Subscriptions & Publications 570 1,000 1,000 0 1,000 0 0 %101-7006-60420 Operating Supplies 855 1,500 3,500 409 1,000 (2,500)-71 %101-7006-60427 Safety Gear 191 500 1,800 1,739 1,000 (800)-44 %101-7006-60690 Uniforms 62 - Maintenance & Operations Totals:9,190 9,300 12,600 6,437 9,300 (3,300)-26 % 64 - Other Expenses 0 324,100 324,100 0 0 (324,100)-100 %101-7006-60480 Contributions to Other Agencies 64 - Other Expenses Totals:0 324,100 324,100 0 0 (324,100) -100 % 69 - Internal Service Charges 96,400 56,200 56,200 42,150 57,200 1,000 2 %101-7006-98110 Information Tech Charges 69 - Internal Service Charges Totals:96,400 56,200 56,200 42,150 57,200 1,000 2 % 7006 - Engineering Services Totals:1,168,884 999,000 1,062,300 395,326 761,800 (300,500) -28 % 495,556 215,100 215,100 171,665 232,800 17,700 53 0 0 663 0 0 15,910 9,000 9,000 6,997 9,000 0 82 1,000 1,000 0 1,000 0 1,477 500 500 384 500 0 39,584 16,600 16,600 12,871 18,000 1,400 90,909 61,600 61,600 30,092 62,800 1,200 1,215 0 0 465 0 0 6,930 0 0 3,099 0 0 216 0 0 84 0 0 2,376 1,300 1,300 796 1,400 100 13,100 6,100 6,100 4,575 6,300 200 7,409 3,200 3,200 2,635 3,500 300 674,816 314,400 314,400 234,327 335,300 20,900 59,376 0 20,000 10,000 10,000 (10,000) 48,138 60,000 40,000 14,818 60,000 20,000 217,781 180,000 180,000 84,624 200,000 20,000 400 30,000 30,000 0 20,000 (10,000) 62,784 25,000 85,000 2,970 70,000 (15,000) 388,478 295,000 355,000 112,412 360,000 5,000 7,236 5,100 5,100 4,288 5,000 (100) 95 1,100 1,100 0 1,100 0 244 100 100 0 200 100 570 1,000 1,000 0 1,000 0 855 1,500 3,500 409 1,000 (2,500) 191 500 1,800 1,739 1,000 (800) 9,190 9,300 12,600 6,437 9,300 (3,300) 0 324,100 324,100 0 0 (324,100) 0 324,100 324,100 0 0 (324,100) 96,400 56,200 56,200 42,150 57,200 1,000 96,400 56,200 56,200 42,150 57,200 1,000 1,168,884 999,000 1,062,300 395,326 761,800 (300,500) CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 52 Department : 7006 - Engineering Services Permanent Full Time 232,800.00101-7006-50101 100% - Assistant Construction Manager 100% - Construction Inspector (2) Professional Services 10,000.00101-7006-60103 Consultants 60,000.00101-7006-60104 Amount Project design services 60,000 PM 10 - Dust Control 70,000.00101-7006-60146 Vacant city land dust control - near SilverRock and on Highway 111 next to the Marriott Hotel. Travel & Training 5,000.00101-7006-60320 Amount Coachella Valley APWA meetings 300 Geographic Information Systems training 2,000 International Signal Association cert training 1,000 National Pollutant Discharge Elimination System 1,700 Membership Dues 1,100.00101-7006-60351 Amount American Public Works Association (APWA)500 American Society of Civil Engineers (ASCE)300 Institute of Transportation Engineers (ITE)300 Subscriptions & Publications 200.00101-7006-60352 Subdivision map act books CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 53 THIS PAGE INTENTIONALLY LEFT BLANK 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 6001 - Design & Development Administration 50 - Salaries and Benefits 480,935 250,400 300,400 230,313 274,400 (26,000)-9 %101-6001-50101 Permanent Full Time 0 0 0 34 0 0 0 %101-6001-50105 Salaries - Overtime 1,351 0 0 0 0 0 0 %101-6001-50106 Standby 7,200 8,400 8,400 5,400 8,400 0 0 %101-6001-50110 Commissions & Boards 978 500 500 589 500 0 0 %101-6001-50150 Other Compensation 40,453 25,000 25,000 17,440 25,500 500 2 %101-6001-50200 PERS-City Portion 86,974 61,600 61,600 38,379 62,800 1,200 2 %101-6001-50221 Medical Insurance 1,267 0 0 416 0 0 0 %101-6001-50222 Vision Insurance 9,842 0 0 2,450 0 0 0 %101-6001-50223 Dental Insurance 270 0 0 111 0 0 0 %101-6001-50224 Life Insurance 2,231 1,200 1,200 700 1,300 100 8 %101-6001-50225 Long Term Disability 13,100 6,100 6,100 4,575 6,300 200 3 %101-6001-50230 Workers Comp Insurance 7,140 3,900 3,900 3,418 4,300 400 10 %101-6001-50240 Social Security-Medicare 384 0 0 322 0 0 0 %101-6001-50241 Social Security-FICA 50 - Salaries and Benefits Totals:652,125 357,100 407,100 304,148 383,500 (23,600) -6 % 60 - Contract Services 6,087 15,000 15,000 0 10,000 (5,000)-33 %101-6001-60104 Consultants 44,091 20,000 100,000 89,529 110,000 10,000 10 %101-6001-60122 Credit Card Fees 60 - Contract Services Totals:50,178 35,000 115,000 89,529 120,000 5,000 4 % 62 - Maintenance & Operations 4,925 4,000 4,000 0 4,000 0 0 %101-6001-60320 Travel & Training 0 400 400 0 200 (200)-50 %101-6001-60351 Membership Dues 704 500 500 569 700 200 40 %101-6001-60352 Subscriptions & Publications 2,990 3,000 3,000 316 3,000 0 0 %101-6001-60400 Office Supplies 245 500 500 0 400 (100)-20 %101-6001-60410 Printing 964 1,000 1,000 0 1,000 0 0 %101-6001-60420 Operating Supplies 1,836 2,500 2,500 0 1,000 (1,500)-60 %101-6001-60450 Advertising 62 - Maintenance & Operations Totals:11,664 11,900 11,900 884 10,300 (1,600)-13 % 69 - Internal Service Charges 96,400 56,200 56,200 42,150 57,200 1,000 2 %101-6001-98110 Information Tech Charges 59,000 59,100 59,100 44,325 85,200 26,100 44 %101-6001-98140 Facility & Fleet Maintenance 69 - Internal Service Charges Totals:155,400 115,300 115,300 86,475 142,400 27,100 24 % 6001 - Design & Development Administration Totals:869,367 519,300 649,300 481,036 656,200 6,900 1 % 480,935 250,400 300,400 230,313 274,400 (26,000) 0 0 0 34 0 0 1,351 0 0 0 0 0 7,200 8,400 8,400 5,400 8,400 0 978 500 500 589 500 0 40,453 25,000 25,000 17,440 25,500 500 86,974 61,600 61,600 38,379 62,800 1,200 1,267 0 0 416 0 0 9,842 0 0 2,450 0 0 270 0 0 111 0 0 2,231 1,200 1,200 700 1,300 100 13,100 6,100 6,100 4,575 6,300 200 7,140 3,900 3,900 3,418 4,300 400 384 0 0 322 0 0 652,125 357,100 407,100 304,148 383,500 (23,600) 6,087 15,000 15,000 0 10,000 (5,000) 44,091 20,000 100,000 89,529 110,000 10,000 50,178 35,000 115,000 89,529 120,000 5,000 4,925 4,000 4,000 0 4,000 0 0 400 400 0 200 (200) 704 500 500 569 700 200 2,990 3,000 3,000 316 3,000 0 245 500 500 0 400 (100) 964 1,000 1,000 0 1,000 0 1,836 2,500 2,500 0 1,000 (1,500) 11,664 11,900 11,900 884 10,300 (1,600) 96,400 56,200 56,200 42,150 57,200 1,000 59,000 59,100 59,100 44,325 85,200 26,100 155,400 115,300 115,300 86,475 142,400 27,100 869,367 519,300 649,300 481,036 656,200 6,900 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 54 Department : 6001 - Design & Development Administration Permanent Full Time 274,400.00101-6001-50101 100% - Design & Development Director 100% - Administrative Assistant 100% - Administrative Technician (New in FY 21/22) In FY 2021/22, the Executive Assistant title was changed to Administrative Technician. Consultants 10,000.00101-6001-60104 Amount Disadvantaged Business Enterprise Program 5,000 Studies and predesign for projects 5,000 Travel & Training 4,000.00101-6001-60320 Amount Bureau of Indian Affairs (BIA) meetings 500 Coachella Valley APWA meetings 500 League of CA Cities PW Officers Institute 2,000 Staff professional development 1,000 Membership Dues 200.00101-6001-60351 Amount American Public Works Association (APWA)200 Subscriptions & Publications 700.00101-6001-60352 The Desert Sun Printing 400.00101-6001-60410 Materials for community events Advertising 1,000.00101-6001-60450 Public noticing requirements CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 55 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 6002 - Planning 50 - Salaries and Benefits 267,382 272,200 272,200 213,063 294,800 22,600 8 %101-6002-50101 Permanent Full Time 1,500 0 0 0 0 0 0 %101-6002-50111 Internships 407 0 0 1,153 0 0 0 %101-6002-50150 Other Compensation 18,653 21,100 21,100 16,366 22,800 1,700 8 %101-6002-50200 PERS-City Portion 40,565 61,600 61,600 34,889 62,800 1,200 2 %101-6002-50221 Medical Insurance 551 0 0 465 0 0 0 %101-6002-50222 Vision Insurance 2,475 0 0 2,311 0 0 0 %101-6002-50223 Dental Insurance 102 0 0 84 0 0 0 %101-6002-50224 Life Insurance 1,343 1,600 1,600 996 1,700 100 6 %101-6002-50225 Long Term Disability 5,600 6,100 6,100 4,575 6,300 200 3 %101-6002-50230 Workers Comp Insurance 3,899 4,000 4,000 3,089 4,400 400 10 %101-6002-50240 Social Security-Medicare 93 0 0 0 0 0 0 %101-6002-50241 Social Security-FICA 50 - Salaries and Benefits Totals:342,570 366,600 366,600 276,991 392,800 26,200 7 % 60 - Contract Services 113,758 80,000 180,000 38,525 210,000 30,000 17 %101-6002-60103 Professional Services 60 - Contract Services Totals:113,758 80,000 180,000 38,525 210,000 30,000 17 % 62 - Maintenance & Operations 3,851 4,000 4,000 2,537 8,000 4,000 100 %101-6002-60320 Travel & Training 350 1,000 1,000 375 500 (500)-50 %101-6002-60351 Membership Dues 357 100 100 0 100 0 0 %101-6002-60352 Subscriptions & Publications 5,037 6,000 6,000 8,188 10,000 4,000 67 %101-6002-60450 Advertising 62 - Maintenance & Operations Totals:9,596 11,100 11,100 11,099 18,600 7,500 68 % 69 - Internal Service Charges 41,300 56,200 56,200 42,150 57,200 1,000 2 %101-6002-98110 Information Tech Charges 69 - Internal Service Charges Totals:41,300 56,200 56,200 42,150 57,200 1,000 2 % 6002 - Planning Totals:507,224 513,900 613,900 368,765 678,600 64,700 11 % 267,382 272,200 272,200 213,063 294,800 22,600 1,500 0 0 0 0 0 407 0 0 1,153 0 0 18,653 21,100 21,100 16,366 22,800 1,700 40,565 61,600 61,600 34,889 62,800 1,200 551 0 0 465 0 0 2,475 0 0 2,311 0 0 102 0 0 84 0 0 1,343 1,600 1,600 996 1,700 100 5,600 6,100 6,100 4,575 6,300 200 3,899 4,000 4,000 3,089 4,400 400 93 0 0 0 0 0 342,570 366,600 366,600 276,991 392,800 26,200 113,758 80,000 180,000 38,525 210,000 30,000 113,758 80,000 180,000 38,525 210,000 30,000 3,851 4,000 4,000 2,537 8,000 4,000 350 1,000 1,000 375 500 (500) 357 100 100 0 100 0 5,037 6,000 6,000 8,188 10,000 4,000 9,596 11,100 11,100 11,099 18,600 7,500 41,300 56,200 56,200 42,150 57,200 1,000 41,300 56,200 56,200 42,150 57,200 1,000 507,224 513,900 613,900 368,765 678,600 64,700 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 56 Department : 6002 - Planning Permanent Full Time 294,800.00101-6002-50101 100% - Planning Manager 100% - Senior Planner 100% - Associate Planner Professional Services 210,000.00101-6002-60103 Professional planning Environmental services Specific plan amendments GIS consulting services Historical Survey Travel & Training 8,000.00101-6002-60320 Amount APA Conference - Planning Manager 1,500 APA Conference - Senior Planner 1,500 Other Training Events 1,000 Planning Commissioners Academy - League of Cities 4,000 Membership Dues 500.00101-6002-60351 Amount American Planning Association (APA)500 Subscriptions & Publications 100.00101-6002-60352 International Cost Engineering Council - CEQA books Advertising 10,000.00101-6002-60450 Planning hearing notices Outreach workshops CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 57 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 6003 - Building 50 - Salaries and Benefits 354,010 361,800 361,800 246,507 388,500 26,700 7 %101-6003-50101 Permanent Full Time 11,218 13,000 13,000 1,966 10,000 (3,000)-23 %101-6003-50105 Salaries - Overtime 2,018 2,000 2,000 1,538 2,000 0 0 %101-6003-50150 Other Compensation 28,874 32,600 32,600 22,133 35,000 2,400 7 %101-6003-50200 PERS-City Portion 84,252 102,600 102,600 59,585 104,600 2,000 2 %101-6003-50221 Medical Insurance 1,239 0 0 878 0 0 0 %101-6003-50222 Vision Insurance 4,442 0 0 3,341 0 0 0 %101-6003-50223 Dental Insurance 163 0 0 116 0 0 0 %101-6003-50224 Life Insurance 1,799 2,200 2,200 1,145 2,400 200 9 %101-6003-50225 Long Term Disability 11,200 10,100 10,100 7,575 10,500 400 4 %101-6003-50230 Workers Comp Insurance 5,467 5,300 5,300 3,985 5,800 500 9 %101-6003-50240 Social Security-Medicare 704 0 0 1,634 0 0 0 %101-6003-50241 Social Security-FICA 11,358 0 0 26,359 50,000 50,000 0 %101-6003-50251 Temporary 50 - Salaries and Benefits Totals:516,746 529,600 529,600 376,762 608,800 79,200 15 % 60 - Contract Services 136,314 100,000 110,000 50,427 140,000 30,000 27 %101-6003-60118 Plan Checks 60 - Contract Services Totals:136,314 100,000 110,000 50,427 140,000 30,000 27 % 62 - Maintenance & Operations 2,912 2,000 2,000 70 3,000 1,000 50 %101-6003-60320 Travel & Training 735 500 500 215 700 200 40 %101-6003-60351 Membership Dues 2,569 3,000 3,000 100 200 (2,800)-93 %101-6003-60352 Subscriptions & Publications 591 1,000 1,000 0 600 (400)-40 %101-6003-60420 Operating Supplies 851 1,000 1,000 37 1,000 0 0 %101-6003-60425 Supplies - Field 2,189 2,000 2,000 0 2,000 0 0 %101-6003-60690 Uniforms 62 - Maintenance & Operations Totals:9,847 9,500 9,500 422 7,500 (2,000)-21 % 69 - Internal Service Charges 82,600 93,600 93,600 70,200 95,400 1,800 2 %101-6003-98110 Information Tech Charges 44,200 44,400 44,400 33,300 68,100 23,700 53 %101-6003-98140 Facility & Fleet Maintenance 69 - Internal Service Charges Totals:126,800 138,000 138,000 103,500 163,500 25,500 18 % 6003 - Building Totals:789,707 777,100 787,100 531,110 919,800 132,700 17 % 354,010 361,800 361,800 246,507 388,500 26,700 11,218 13,000 13,000 1,966 10,000 (3,000) 2,018 2,000 2,000 1,538 2,000 0 28,874 32,600 32,600 22,133 35,000 2,400 84,252 102,600 102,600 59,585 104,600 2,000 1,239 0 0 878 0 0 4,442 0 0 3,341 0 0 163 0 0 116 0 0 1,799 2,200 2,200 1,145 2,400 200 11,200 10,100 10,100 7,575 10,500 400 5,467 5,300 5,300 3,985 5,800 500 704 0 0 1,634 0 0 11,358 0 0 26,359 50,000 50,000 516,746 529,600 529,600 376,762 608,800 79,200 136,314 100,000 110,000 50,427 140,000 30,000 136,314 100,000 110,000 50,427 140,000 30,000 2,912 2,000 2,000 70 3,000 1,000 735 500 500 215 700 200 2,569 3,000 3,000 100 200 (2,800) 591 1,000 1,000 0 600 (400) 851 1,000 1,000 37 1,000 0 2,189 2,000 2,000 0 2,000 0 9,847 9,500 9,500 422 7,500 (2,000) 82,600 93,600 93,600 70,200 95,400 1,800 44,200 44,400 44,400 33,300 68,100 23,700 126,800 138,000 138,000 103,500 163,500 25,500 789,707 777,100 787,100 531,110 919,800 132,700 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 58 Department : 6003 - Building Permanent Full Time 388,500.00101-6003-50101 100% - Building Official 100% - Building Inspector II (2) 100% - Building Inspector I 100% - Plans Examiner Plan Checks 140,000.00101-6003-60118 Consulting services as needed to support plan check review services Travel & Training 3,000.00101-6003-60320 CA Building Officials (CALBO) International Code Council certifications Membership Dues 700.00101-6003-60351 CA Building Officials (CALBO) International Association of Plumbing and Mechanical Officials (IAPMO) Subscriptions & Publications 200.00101-6003-60352 Updated California Building Code books and other professional subscriptions CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 59 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 6006 - The Hub 50 - Salaries and Benefits 528,392 455,300 455,300 318,979 477,700 22,400 5 %101-6006-50101 Permanent Full Time 2,804 0 0 53 0 0 0 %101-6006-50105 Salaries - Overtime 934 0 0 2,266 0 0 0 %101-6006-50150 Other Compensation 44,798 43,900 43,900 29,020 42,800 (1,100)-3 %101-6006-50200 PERS-City Portion 117,768 143,600 143,600 81,006 146,400 2,800 2 %101-6006-50221 Medical Insurance 1,561 0 0 1,169 0 0 0 %101-6006-50222 Vision Insurance 8,813 0 0 5,280 0 0 0 %101-6006-50223 Dental Insurance 277 0 0 170 0 0 0 %101-6006-50224 Life Insurance 2,567 2,600 2,600 1,492 2,700 100 4 %101-6006-50225 Long Term Disability 15,000 14,100 14,100 10,575 14,700 600 4 %101-6006-50230 Workers Comp Insurance 7,702 6,600 6,600 4,626 7,000 400 6 %101-6006-50240 Social Security-Medicare 50 - Salaries and Benefits Totals:730,616 666,100 666,100 454,637 691,300 25,200 4 % 60 - Contract Services 55,209 100,000 125,000 41,200 100,000 (25,000)-20 %101-6006-60103 Professional Services 72,958 0 32,000 33,007 50,000 18,000 56 %101-6006-60125 Temporary Agency Services 60 - Contract Services Totals:128,167 100,000 157,000 74,207 150,000 (7,000)-4 % 62 - Maintenance & Operations 0 1,000 1,000 0 1,000 0 0 %101-6006-60137 Community Special Events 835 1,500 1,500 25 2,000 500 33 %101-6006-60320 Travel & Training 100 200 200 125 200 0 0 %101-6006-60351 Membership Dues 3,604 4,500 4,500 943 4,000 (500)-11 %101-6006-60420 Operating Supplies 2,024 4,000 4,000 3,252 4,000 0 0 %101-6006-60450 Advertising 62 - Maintenance & Operations Totals:6,563 11,200 11,200 4,345 11,200 0 0 % 69 - Internal Service Charges 110,200 131,000 131,000 98,250 133,500 2,500 2 %101-6006-98110 Information Tech Charges 69 - Internal Service Charges Totals:110,200 131,000 131,000 98,250 133,500 2,500 2 % 6006 - The Hub Totals:975,546 908,300 965,300 631,440 986,000 20,700 2 % 528,392 455,300 455,300 318,979 477,700 22,400 2,804 0 0 53 0 0 934 0 0 2,266 0 0 44,798 43,900 43,900 29,020 42,800 (1,100) 117,768 143,600 143,600 81,006 146,400 2,800 1,561 0 0 1,169 0 0 8,813 0 0 5,280 0 0 277 0 0 170 0 0 2,567 2,600 2,600 1,492 2,700 100 15,000 14,100 14,100 10,575 14,700 600 7,702 6,600 6,600 4,626 7,000 400 730,616 666,100 666,100 454,637 691,300 25,200 55,209 100,000 125,000 41,200 100,000 (25,000) 72,958 0 32,000 33,007 50,000 18,000 128,167 100,000 157,000 74,207 150,000 (7,000) 0 1,000 1,000 0 1,000 0 835 1,500 1,500 25 2,000 500 100 200 200 125 200 0 3,604 4,500 4,500 943 4,000 (500) 2,024 4,000 4,000 3,252 4,000 0 6,563 11,200 11,200 4,345 11,200 0 110,200 131,000 131,000 98,250 133,500 2,500 110,200 131,000 131,000 98,250 133,500 2,500 975,546 908,300 965,300 631,440 986,000 20,700 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 60 Department : 6006 - The Hub Permanent Full Time 477,700.00101-6006-50101 100% - Hub Manager 100% - Permit Technician (5) 100% - Administrative Assistant Professional Services 100,000.00101-6006-60103 Short-term vacation rental compliance vendor Temporary Agency Services 50,000.00101-6006-60125 Temporary sequel report writer to assist with configuration of software system and assistance with business licenses. Community Special Events 1,000.00101-6006-60137 Short-term vacation rental community meetings Travel & Training 2,000.00101-6006-60320 Amount Permit Technician training 2,000 Membership Dues 200.00101-6006-60351 Amount TRAKiT membership 200 Advertising 4,000.00101-6006-60450 For short-term vacation mailers CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 61 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 1006 - Finance 50 - Salaries and Benefits 682,275 742,800 742,800 594,493 764,900 22,100 3 %101-1006-50101 Permanent Full Time 323 0 0 252 0 0 0 %101-1006-50105 Salaries - Overtime 1,600 3,600 3,600 1,850 2,700 (900)-25 %101-1006-50110 Commissions & Boards 1,500 0 0 0 0 0 0 %101-1006-50111 Internships 1,384 500 500 2,915 500 0 0 %101-1006-50150 Other Compensation 56,698 71,700 71,700 50,700 69,600 (2,100)-3 %101-1006-50200 PERS-City Portion 2,354 2,400 2,400 1,874 2,400 0 0 %101-1006-50215 Other Fringe Benefits 130,977 182,600 182,600 111,016 186,100 3,500 2 %101-1006-50221 Medical Insurance 1,825 0 0 1,492 0 0 0 %101-1006-50222 Vision Insurance 7,050 0 0 6,246 0 0 0 %101-1006-50223 Dental Insurance 292 0 0 246 0 0 0 %101-1006-50224 Life Insurance 3,096 4,000 4,000 2,475 4,300 300 8 %101-1006-50225 Long Term Disability 14,800 16,400 16,400 12,300 17,600 1,200 7 %101-1006-50230 Workers Comp Insurance 10,205 10,800 10,800 8,676 11,300 500 5 %101-1006-50240 Social Security-Medicare 192 0 0 115 0 0 0 %101-1006-50241 Social Security-FICA 16,000 0 0 0 0 0 0 %101-1006-50300 Employee Recognition 50 - Salaries and Benefits Totals:930,571 1,034,800 1,034,800 794,648 1,059,400 24,600 2 % 60 - Contract Services 1,021 20,000 20,000 4,938 20,000 0 0 %101-1006-60102 Administration 32,961 49,000 79,000 14,050 62,000 (17,000)-22 %101-1006-60103 Professional Services 33,176 40,000 40,000 36,474 40,000 0 0 %101-1006-60104 Consultants 55,925 65,000 65,000 21,500 65,000 0 0 %101-1006-60106 Auditors 600 500 500 4,441 3,000 2,500 500 %101-1006-60122 Credit Card Fees 1,741 0 0 0 0 0 0 %101-1006-60125 Temporary Agency Services 60 - Contract Services Totals:125,424 174,500 204,500 81,403 190,000 (14,500) -7 % 62 - Maintenance & Operations 1,758 1,500 500 0 1,500 1,000 200 %101-1006-60137 Community Engagement 14,532 5,000 6,000 3,131 10,000 4,000 67 %101-1006-60320 Travel & Training 2,920 2,000 2,000 2,630 3,000 1,000 50 %101-1006-60351 Membership Dues 2,050 1,500 1,500 2,150 2,200 700 47 %101-1006-60352 Subscriptions & Publications 3,159 2,500 2,500 854 2,500 0 0 %101-1006-60400 Office Supplies 4,962 4,000 4,000 2,285 5,000 1,000 25 %101-1006-60410 Printing 0 0 0 120 0 0 0 %101-1006-60420 Operating Supplies 1,067 1,000 1,000 0 1,000 0 0 %101-1006-60450 Advertising 62 - Maintenance & Operations Totals:30,448 17,500 17,500 11,170 25,200 7,700 44 % 69 - Internal Service Charges 107,900 166,600 166,600 124,950 168,500 1,900 1 %101-1006-98110 Information Tech Charges 69 - Internal Service Charges Totals:107,900 166,600 166,600 124,950 168,500 1,900 1 % 1006 - Finance Totals:1,194,343 1,393,400 1,423,400 1,012,172 1,443,100 19,700 1 % 682,275 742,800 742,800 594,493 764,900 22,100 323 0 0 252 0 0 1,600 3,600 3,600 1,850 2,700 (900) 1,500 0 0 0 0 0 1,384 500 500 2,915 500 0 56,698 71,700 71,700 50,700 69,600 (2,100) 2,354 2,400 2,400 1,874 2,400 0 130,977 182,600 182,600 111,016 186,100 3,500 1,825 0 0 1,492 0 0 7,050 0 0 6,246 0 0 292 0 0 246 0 0 3,096 4,000 4,000 2,475 4,300 300 14,800 16,400 16,400 12,300 17,600 1,200 10,205 10,800 10,800 8,676 11,300 500 192 0 0 115 0 0 16,000 0 0 0 0 0 930,571 1,034,800 1,034,800 794,648 1,059,400 24,600 1,021 20,000 20,000 4,938 20,000 0 32,961 49,000 79,000 14,050 62,000 (17,000) 33,176 40,000 40,000 36,474 40,000 0 55,925 65,000 65,000 21,500 65,000 0 600 500 500 4,441 3,000 2,500 1,741 0 0 0 0 0 125,424 174,500 204,500 81,403 190,000 (14,500) 1,758 1,500 500 0 1,500 1,000 14,532 5,000 6,000 3,131 10,000 4,000 2,920 2,000 2,000 2,630 3,000 1,000 2,050 1,500 1,500 2,150 2,200 700 3,159 2,500 2,500 854 2,500 0 4,962 4,000 4,000 2,285 5,000 1,000 0 0 0 120 0 0 1,067 1,000 1,000 0 1,000 0 30,448 17,500 17,500 11,170 25,200 7,700 107,900 166,600 166,600 124,950 168,500 1,900 107,900 166,600 166,600 124,950 168,500 1,900 1,194,343 1,393,400 1,423,400 1,012,172 1,443,100 19,700 CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 62 Department : 1006 - Finance Permanent Full Time 764,900.00101-1006-50101 90% - Finance Director (10% Housing Fund) 100% - Financial Services Analyst 100% - Accounting Manager 100% - Accountant 100% - Junior Accountant 100% - Account Technician (3) 100% - Management Assistant Administration 20,000.00101-1006-60102 Bank service fees Fiscal custodian fees (added in FY 20/21) Professional Services 62,000.00101-1006-60103 Amount Annual Budget-at-a-Glance 4,000 Armored Car Services 3,000 Financial Advisory Commission Subcommittee Support 5,000 OPEB annual third-party valuation, retiree health 6,000 Pension Plan Review Consulting Services 10,000 Professional accounting support 20,000 State Controller's Report - Citywide 4,000 Third party audits & policy verifications 10,000 Consultants 40,000.00101-1006-60104 Amount Property tax revenue analysis 22,000 Sales tax revenue analysis 18,000 Community Engagement 1,500.00101-1006-60137 Community workshop Travel & Training 10,000.00101-1006-60320 Amount 1,200 2,500 Annual GASB update training (4 employees) CSMFO annual conference Incode Training - Financial Software 3,300 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 63 Various half-day classes: CSMFO, GFOA, CAPPO 3,000 Membership Dues 3,000.00101-1006-60351 CA Municipal Finance Officers Association (CSMFO) CA Municipal Treasurer Association (CMTA) Government Finance Officers Association (GFOA) CA Assoc. of Public Procurement Officials (CAPPO) UCLA Economic Forecast Subscriptions & Publications 2,200.00101-1006-60352 Annual Comprehensive Financial Report (ACFR) statistical data reports Printing 5,000.00101-1006-60410 Accounts Payable and Payroll checks Budget and financial reports - covers and tabs Financial Advisory Commission reports Advertising 1,000.00101-1006-60450 Newspaper advertisements for surplus sales and Request for Proposals CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 64 2019/20 Actual Expense 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed Budget 21/22 vs. Current 20/2 % Change in Budget 1007 - Central Services 50 - Salaries and Benefits 95,988 150,000 190,000 104,946 150,000 (40,000)-21 %101-1007-50109 Vacation & Sick Leave Buy Back 0 400,000 578,100 0 400,000 (178,100)-31 %101-1007-50115 Contingency for Stafffing 864,125 977,100 977,100 944,158 977,100 0 0 %101-1007-50117 PERS - Unfunded Pension Liability 3,460,000 0 0 0 0 0 0 %101-1007-50118 Pension Trust Contribution 0 0 0 270 0 0 0 %101-1007-50180 Natural Disaster - FEMA 1,392 0 0 1,522 0 0 0 %101-1007-50240 Social Security-Medicare 34,925 36,000 36,000 28,231 36,000 0 0 %101-1007-50243 Employer Contrib Retiree Med PERS 38,401 30,000 30,000 60,323 100,000 70,000 233 %101-1007-50244 State Unemployment Insurance 50 - Salaries and Benefits Totals:4,494,831 1,593,100 1,811,200 1,139,449 1,663,100 (148,100) -8 % 62 - Maintenance & Operations 120 200 200 120 200 0 0 %101-1007-60351 Membership Dues 375 1,000 1,000 121 1,000 0 0 %101-1007-60401 Operating Supplies 5,683 10,000 10,000 2,395 5,000 (5,000)-50 %101-1007-60402 Forms, Copier Paper 11,368 12,000 8,000 2,161 8,000 0 0 %101-1007-60403 Citywide Conf Room Supplies 363 2,000 2,000 0 1,000 (1,000)-50 %101-1007-60405 Miscellaneous Supplies 21,533 27,000 27,000 14,159 25,000 (2,000)-7 %101-1007-60470 Postage 52,944 40,000 40,000 48,229 55,000 15,000 38 %101-1007-60535 Sales Tax Reimbursements 0 100,000 200,000 50,000 100,000 (100,000)-50 %101-1007-60536 TOT Resort Rebate Program 10,633 9,000 13,000 5,997 13,000 0 0 %101-1007-60661 Postage Machine 379 0 0 379 0 0 0 %101-1007-60663 Typewriters 62 - Maintenance & Operations Totals:103,397 201,200 301,200 123,559 208,200 (93,000) -31 % 64 - Other Expenses 87,769 0 75,000 40,291 0 (75,000)-100 %101-1007-60195 Coronavirus Expenses 64 - Other Expenses Totals:87,769 0 75,000 40,291 0 (75,000) -100 % 68 - Capital Expenses 327,338 0 0 0 0 0 0 %101-1007-60500 Loss on Disposal 463,166 0 636,800 362,632 0 (636,800)-100 %101-1007-71050 Buildings 2,980 5,000 165,000 0 10,000 (155,000)-94 %101-1007-74010 Land Acquisition 68 - Capital Expenses Totals:793,484 5,000 801,800 362,632 10,000 (791,800) -99 % 69 - Internal Service Charges 440,000 460,000 460,000 345,000 529,000 69,000 15 %101-1007-91842 Liability Insurance & Claims 28,000 22,200 22,200 16,650 25,500 3,300 15 %101-1007-91843 Property & Crime Insurance 86,000 82,800 82,800 62,100 67,000 (15,800)-19 %101-1007-91844 Earthquake Insurance 68,900 93,600 93,600 70,200 95,400 1,800 2 %101-1007-98110 Information Tech Charges 44,200 44,300 44,300 33,225 67,650 23,350 53 %101-1007-98140 Facility & Fleet Maintenance 69 - Internal Service Charges Totals:667,100 702,900 702,900 527,175 784,550 81,650 12 % 99 - Transfers Out 10,925,087 3,951,900 19,175,275 3,505,579 6,717,356 (12,457,919)-65 %101-1007-99900 Transfers Out 99 - Transfers Out Totals:10,925,087 3,951,900 19,175,275 3,505,579 6,717,356 (12,457,919) -65 % 1007 - Central Services Totals:17,071,668 6,454,100 22,867,375 5,698,685 9,383,206 (13,484,169) -59 % 95,988 150,000 190,000 104,946 150,000 (40,000) 0 400,000 578,100 0 400,000 (178,100) 864,125 977,100 977,100 944,158 977,100 0 3,460,000 0 0 0 0 0 0 0 0 270 0 0 1,392 0 0 1,522 0 0 34,925 36,000 36,000 28,231 36,000 0 38,401 30,000 30,000 60,323 100,000 70,000 4,494,831 1,593,100 1,811,200 1,139,449 1,663,100 (148,100) 120 200 200 120 200 0 375 1,000 1,000 121 1,000 0 5,683 10,000 10,000 2,395 5,000 (5,000) 11,368 12,000 8,000 2,161 8,000 0 363 2,000 2,000 0 1,000 (1,000) 21,533 27,000 27,000 14,159 25,000 (2,000) 52,944 40,000 40,000 48,229 55,000 15,000 0 100,000 200,000 50,000 100,000 (100,000) 10,633 9,000 13,000 5,997 13,000 0 379 0 0 379 0 0 103,397 201,200 301,200 123,559 208,200 (93,000) 87,769 0 75,000 40,291 0 (75,000) 87,769 0 75,000 40,291 0 (75,000) 327,338 0 0 0 0 0 463,166 0 636,800 362,632 0 (636,800) 2,980 5,000 165,000 0 10,000 (155,000) 793,484 5,000 801,800 362,632 10,000 (791,800) 440,000 460,000 460,000 345,000 529,000 69,000 28,000 22,200 22,200 16,650 25,500 3,300 86,000 82,800 82,800 62,100 67,000 (15,800) 68,900 93,600 93,600 70,200 95,400 1,800 44,200 44,300 44,300 33,225 67,650 23,350 667,100 702,900 702,900 527,175 784,550 81,650 10,925,087 3,951,900 19,175,275 3,505,579 6,717,356 (12,457,919) 10,925,087 3,951,900 19,175,275 3,505,579 6,717,356 (12,457,919) 17,071,668 6,454,100 22,867,375 5,698,685 9,383,206 (13,484,169) CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 65 Department : 1007 - Central Services Contingency for Stafffing 400,000.00101-1007-50115 - Workforce flexibility - Work within Class and Compensation structure - Manage CalPERS increases - Ensure job rates reflect market rates PERS - Unfunded Pension Liabili…977,100.00101-1007-50117 Annual minimum CalPERS requirement to long-term pension liability. Based on valuation reports - inflation assumed at 2.5% with discount rate of 7%. Contribution per pension tier is as follows: Tier 1 - Classic $952,100 Tier 2 - $5,600 PEPRA Tier - $19,400 State Unemployment Insurance 100,000.00101-1007-50244 Expense moved from Human Resources budget to Centralized Services in 2019/20. Increase anticipated in 2021/22 as furloughs from COVID-19 impacts continue to impact staffing levels. Membership Dues 200.00101-1007-60351 Costco membership Sales Tax Reimbursements 55,000.00101-1007-60535 Eight year sales tax sharing agreement approved on 9/9/2014 with One Eleven La Quinta LLC (Hobby Lobby). Quarterly payments of 50% of any sales tax generated by Hobby Lobby, not to exceed $400,000 or 12/31/2022. TOT Resort Rebate Program 100,000.00101-1007-60536 To promote new tourism activities within the City and encourage citywide participation and innovation proposals; rebate for hotels collecting resort fees up to $50,000 per proposal. Land Acquisition 10,000.00101-1007-74010 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 66 Engineering maps, property survey & title search services Transfers Out 6,717,356.00101-1007-99900 Amount Art in Public Places - Maintenance/Installation 50,000 CIP GF - Citywide Drainage Enhancements 477,000 CIP GF - Citywide PMP Street Improvements 1,500,000 CIP GF - LLD Median Improvements 500,000 CIP GF - Sidewalk & ADA Ramp Improvements 75,000 Gas Tax Fund - Supplement Operations 90,000 Law Enforcement Fund - Deceased LQ Officers 2,000 LLD Fund - Supplement Maint. Operations 785,000 Measure G - Fritz Burns Park Improvements 350,000 Measure G - Hwy 111 Corridor Implementation 1,000,000 Measure G - Landscape Renovations 1,408,356 PARS Supplemental Pension Plan 5,000 SilverRock Resort 475,000 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 67 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed 21/22 vs. Current 20/21 % Change in Budget 501 - FACILITY & FLEET REPLACEMENT 0000 - Undesignated 62 - Maintenance & Operations 60,000 60,000 50,294 70,000 10,000 17 %501-0000-60674 Fuel & Oil 10,000 10,000 5,551 10,000 0 0 %501-0000-60675 Parts & Maintenance Supplies 40,000 40,000 8,442 35,000 (5,000)-13 %501-0000-60676 Vehicle Repair & Maintenance 5,000 5,000 564 5,000 0 0 %501-0000-60678 Street Sweeper 10,000 10,000 4,392 10,000 0 0 %501-0000-60679 Motorcycle Repair & Maintenance 62 - Maintenance & Operations Totals:125,000 125,000 69,244 130,000 5,000 4 % 63 - Insurance 12,500 12,500 9,375 13,750 1,250 10 %501-0000-91843 Property & Crime Insurance 63 - Insurance Totals:12,500 12,500 9,375 13,750 1,250 10 % 68 - Capital Expenses 25,000 25,000 0 5,000 (20,000)-80 %501-0000-71020 Furniture 240,000 240,000 179,370 100,000 (140,000)-58 %501-0000-71030 Vehicles, Rentals & Leases 0 60,000 0 600,000 540,000 900 %501-0000-71031 Vehicles, Purchased 40,000 40,000 33,974 40,000 0 0 %501-0000-71032 Building Leases 150,000 300,000 53,858 50,000 (250,000)-83 %501-0000-71103 City Bldg Repl/Repair 45,000 45,000 0 50,000 5,000 11 %501-0000-71111 Deprec Exp - Mach & Equip 40,000 40,000 0 25,000 (15,000)-38 %501-0000-71112 Depreciation Expense - Buildings & Improvements 70,000 70,000 0 100,000 30,000 43 %501-0000-71113 Depreciation Expense - Vehicles 5,000 5,000 0 5,000 0 0 %501-0000-71114 Depreciation Expense - Motorcycle 100,000 100,000 6,474 54,000 (46,000)-46 %501-0000-80100 Machinery & Equipment 68 - Capital Expenses Totals:715,000 925,000 273,675 1,029,000 104,000 11 % 99 - Transfers Out 50,000 81,964 0 50,000 (31,964)-39 %501-0000-99900 Transfers Out 99 - Transfers Out Totals:50,000 81,964 0 50,000 (31,964)-39 % 0000 - Undesignated Totals:902,500 1,144,464 352,294 1,222,750 78,286 7 % 501 - FACILITY & FLEET REPLACEMENT Totals:902,500 1,144,464 352,294 1,222,750 78,286 7 % 60,000 60,000 50,294 70,000 10,000 10,000 10,000 5,551 10,000 0 40,000 40,000 8,442 35,000 (5,000) 5,000 5,000 564 5,000 0 10,000 10,000 4,392 10,000 0 125,000 125,000 69,244 130,000 5,000 12,500 12,500 9,375 13,750 1,250 12,500 12,500 9,375 13,750 1,250 25,000 25,000 0 5,000 (20,000) 240,000 240,000 179,370 100,000 (140,000) 0 60,000 0 600,000 540,000 40,000 40,000 33,974 40,000 0 150,000 300,000 53,858 50,000 (250,000) 45,000 45,000 0 50,000 5,000 40,000 40,000 0 25,000 (15,000) 70,000 70,000 0 100,000 30,000 5,000 5,000 0 5,000 0 100,000 100,000 6,474 54,000 (46,000) 715,000 925,000 273,675 1,029,000 104,000 50,000 81,964 0 50,000 (31,964) 50,000 81,964 0 50,000 (31,964) 902,500 1,144,464 352,294 1,222,750 78,286 902,500 1,144,464 352,294 1,222,750 78,286 CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 68 Fund: 501 - FACILITY & FLEET REPLACEMENT Vehicles, Rentals & Leases 100,000.00501-0000-71030 The majority of City vehicles are leased through Enterprise. City Bldg Repl/Repair 50,000.00501-0000-71103 Amount Building Repairs 50,000 Machinery & Equipment 54,000.00501-0000-80100 39" Smooth roller $40,000 Warn winch $6,000 Trencher attachment $8,000 CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 69 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed 21/22 vs. Current 20/21 % Change in Budget 502 - INFORMATION TECHNOLOGY 0000 - Undesignated 50 - Salaries and Benefits 33,300 33,300 31,056 33,300 0 0 %502-0000-50101 Permanent Full Time 1,200 1,200 2,275 2,900 1,700 142 %502-0000-50200 PERS-City Portion 8,300 8,300 5,946 8,300 0 0 %502-0000-50221 Medical Insurance 0 0 91 0 0 0 %502-0000-50222 Vision Insurance 0 0 521 0 0 0 %502-0000-50223 Dental Insurance 0 0 11 0 0 0 %502-0000-50224 Life Insurance 200 200 123 200 0 0 %502-0000-50225 Long Term Disability 500 500 450 500 0 0 %502-0000-50240 Social Security-Medicare 50 - Salaries and Benefits Totals:43,500 43,500 40,474 45,200 1,700 4 % 60 - Contract Services 450,000 450,000 264,295 450,000 0 0 %502-0000-60104 Consultants 37,000 67,000 55,257 65,000 (2,000)-3 %502-0000-60108 Technical 5,000 5,000 4,244 6,000 1,000 20 %502-0000-60300 Maintenance Agreements 465,000 565,000 342,529 600,000 35,000 6 %502-0000-60301 Software Licenses 60 - Contract Services Totals:957,000 1,087,000 666,324 1,121,000 34,000 3 % 62 - Maintenance & Operations 500 500 0 500 0 0 %502-0000-60320 Travel & Training 200 200 0 0 (200)-100 %502-0000-60351 Membership Dues 10,000 10,000 1,251 5,000 (5,000)-50 %502-0000-60420 Operating Supplies 80,000 80,000 35,495 80,000 0 0 %502-0000-60662 Copiers 62 - Maintenance & Operations Totals:90,700 90,700 36,746 85,500 (5,200)-6 % 66 - Utilities 100,000 100,000 25,400 30,000 (70,000)-70 %502-0000-61300 Telephone - Utilities 65,000 65,000 33,425 50,000 (15,000)-23 %502-0000-61301 Cell/Mobile Phones 40,000 40,000 31,647 40,000 0 0 %502-0000-61400 Cable - Utilities 66 - Utilities Totals:205,000 205,000 90,471 120,000 (85,000)-41 % 68 - Capital Expenses 30,000 60,000 7,459 20,000 (40,000)-67 %502-0000-71042 D & D, Software Enhancements 11,000 11,000 7,948 10,000 (1,000)-9 %502-0000-71043 Comm. Resources, Software Enhancements 5,000 5,000 0 5,000 0 0 %502-0000-71045 Finance, Software Enhancements 15,000 15,000 14,121 5,000 (10,000)-67 %502-0000-71047 City Clerk, Software Enhancements 100,000 100,000 13,443 10,000 (90,000)-90 %502-0000-71048 Public Works, Software Enhancements 20,000 20,000 0 5,000 (15,000)-75 %502-0000-71110 Depreciation Expense 65,000 65,000 0 60,000 (5,000)-8 %502-0000-71111 Deprec Exp - Mach & Equip 57,000 57,000 0 70,000 13,000 23 %502-0000-71115 Depreciation Expense - Software 25,000 105,000 17,469 150,000 45,000 43 %502-0000-80100 Machinery & Equipment 60,000 60,000 45,080 80,000 20,000 33 %502-0000-80103 Computers 68 - Capital Expenses Totals:388,000 498,000 105,520 415,000 (83,000)-17 % 0000 - Undesignated Totals:1,684,200 1,924,200 939,536 1,786,700 (137,500)-7 % 502 - INFORMATION TECHNOLOGY Totals:1,684,200 1,924,200 939,536 1,786,700 (137,500)-7 % 33,300 33,300 31,056 33,300 0 1,200 1,200 2,275 2,900 1,700 8,300 8,300 5,946 8,300 0 0 0 91 0 0 0 0 521 0 0 0 0 11 0 0 200 200 123 200 0 500 500 450 500 0 43,500 43,500 40,474 45,200 1,700 450,000 450,000 264,295 450,000 0 37,000 67,000 55,257 65,000 (2,000) 5,000 5,000 4,244 6,000 1,000 465,000 565,000 342,529 600,000 35,000 957,000 1,087,000 666,324 1,121,000 34,000 500 500 0 500 0 200 200 0 0 (200) 10,000 10,000 1,251 5,000 (5,000) 80,000 80,000 35,495 80,000 0 90,700 90,700 36,746 85,500 (5,200) 100,000 100,000 25,400 30,000 (70,000) 65,000 65,000 33,425 50,000 (15,000) 40,000 40,000 31,647 40,000 0 205,000 205,000 90,471 120,000 (85,000) 30,000 60,000 7,459 20,000 (40,000) 11,000 11,000 7,948 10,000 (1,000) 5,000 5,000 0 5,000 0 15,000 15,000 14,121 5,000 (10,000) 100,000 100,000 13,443 10,000 (90,000) 20,000 20,000 0 5,000 (15,000) 65,000 65,000 0 60,000 (5,000) 57,000 57,000 0 70,000 13,000 25,000 105,000 17,469 150,000 45,000 60,000 60,000 45,080 80,000 20,000 388,000 498,000 105,520 415,000 (83,000) 1,684,200 1,924,200 939,536 1,786,700 (137,500) 1,684,200 1,924,200 939,536 1,786,700 (137,500) CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 70 Fund: 502 - INFORMATION TECHNOLOGY Permanent Full Time 34,100.00502-0000-50101 40% - Management Analyst (60% Housing Fund) Consultants 450,000.00502-0000-60104 Contracted information technology services Technical 65,000.00502-0000-60108 Cable services, wireless access points, modems, and virtual servers Travel & Training 500.00502-0000-60320 Fraud prevention, firewall, encryption, coding, and other IT-related trainings Operating Supplies 5,000.00502-0000-60420 Small equipment such as keyboards, computer mouses, cables, conference room TV's, speakers, docking stations, etc. D & D, Software Enhancements 20,000.00502-0000-71042 Amount AutoCad licenses 5,000 Permit software upgrades 15,000 Comm. Resources, Software Enh…10,000.00502-0000-71043 Amount Software enhancements 10,000 Finance, Software Enhancements 5,000.00502-0000-71045 Amount Scanner for Tyler 1,000 Tyler upgrades for Payroll processing 4,000 City Clerk, Software Enhanceme…5,000.00502-0000-71047 CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 71 Amount LaserFiche system upgrades 5,000 Machinery & Equipment 150,000.00502-0000-80100 Upgrades to City Council chambers recording and audio visual equipment and other miscellaneous upgrades for phones and work stations CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 72 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed 21/22 vs. Current 20/21 % Change in Budget 503 - PARK EQUIP & FACILITY FUND 0000 - Undesignated 68 - Capital Expenses 65,000 65,000 49,298 105,000 40,000 62 %503-0000-71060 Parks 530,000 530,000 0 0 (530,000)-100 %503-0000-71122 Depreciation Expense - Community Services 68 - Capital Expenses Totals:595,000 595,000 49,298 105,000 (490,000)-82 % 99 - Transfers Out 0 87,986 83,339 0 (87,986)-100 %503-0000-99900 Transfers Out 99 - Transfers Out Totals:0 87,986 83,339 0 (87,986)-100 % 0000 - Undesignated Totals:595,000 682,986 132,636 105,000 (577,986)-85 % 503 - PARK EQUIP & FACILITY FUND Totals:595,000 682,986 132,636 105,000 (577,986)-85 % 65,000 65,000 49,298 105,000 40,000 530,000 530,000 0 0 (530,000) 595,000 595,000 49,298 105,000 (490,000) 0 87,986 83,339 0 (87,986) 0 87,986 83,339 0 (87,986) 595,000 682,986 132,636 105,000 (577,986) 595,000 682,986 132,636 105,000 (577,986) CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 73 Fund: 503 - PARK EQUIP & FACILITY FUND Parks 105,000.00503-0000-71060 Amount Playground equipment, benches, picnic tables 40,000 Shade canopy replacements 65,000 CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 74 2020/21 Original Budget 2020/21 Current Budget 2020/21 YTD Activity* 2021/22 Proposed 21/22 vs. Current 20/21 % Change in Budget 504 - INSURANCE FUND 1010 - Insurance 50 - Salaries and Benefits 0 0 996 0 0 0 %504-1010-50221 Medical Insurance 50 - Salaries and Benefits Totals:0 0 996 0 0 0 % 60 - Contract Services 500 500 0 500 0 0 %504-1010-60320 Travel & Training 200 200 0 200 0 0 %504-1010-60351 Membership Dues 60 - Contract Services Totals:700 700 0 700 0 0 % 62 - Maintenance & Operations 300 300 202 0 (300)-100 %504-1010-60400 Office Supplies 12,500 12,500 1,296 5,000 (7,500)-60 %504-1010-60420 Operating Supplies 62 - Maintenance & Operations Totals:12,800 12,800 1,498 5,000 (7,800)-61 % 63 - Insurance 402,400 402,400 402,044 443,800 41,400 10 %504-1010-60441 Liability Insurance 2,500 2,500 0 2,500 0 0 %504-1010-60442 Claims 122,400 122,400 120,255 139,000 16,600 14 %504-1010-60443 Property Insurance 3,700 3,700 3,693 3,700 0 0 %504-1010-60446 Crime Insurance 102,000 179,000 179,698 180,000 1,000 1 %504-1010-60447 Earthquake Insurance 181,000 181,000 161,549 195,400 14,400 8 %504-1010-60452 Workers Comp Premium 63 - Insurance Totals:814,000 891,000 867,239 964,400 73,400 8 % 1010 - Insurance Totals:827,500 904,500 869,733 970,100 65,600 7 % 504 - INSURANCE FUND Totals:827,500 904,500 869,733 970,100 65,600 7 % 0 0 996 0 0 0 0 996 0 0 500 500 0 500 0 200 200 0 200 0 700 700 0 700 0 300 300 202 0 (300) 12,500 12,500 1,296 5,000 (7,500) 12,800 12,800 1,498 5,000 (7,800) 402,400 402,400 402,044 443,800 41,400 2,500 2,500 0 2,500 0 122,400 122,400 120,255 139,000 16,600 3,700 3,700 3,693 3,700 0 102,000 179,000 179,698 180,000 1,000 181,000 181,000 161,549 195,400 14,400 814,000 891,000 867,239 964,400 73,400 827,500 904,500 869,733 970,100 65,600 827,500 904,500 869,733 970,100 65,600 CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE DETAILS FY 2021/22 PROPOSED BUDGET 75 Fund: 504 - INSURANCE FUND Travel & Training 500.00504-1010-60320 California Joint Powers Insurance Authority (CJPIA) Public Agency Risk Management Association (PARMA) Membership Dues 200.00504-1010-60351 Public Agency Risk Management Association (PARMA) membership Operating Supplies 5,000.00504-1010-60420 Ergonomic assessments and first aid kit supplies/maintenance CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE NOTES FY 2021/22 PROPOSED BUDGET 76 City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING DEPARTMENT REPORT TO: Members of the Financial Advisory Commission FROM: Rosemary Hallick, Financial Services Analyst DATE: May 12, 2021 SUBJECT: FOURTH QUARTER 2020 (OCTOBER-DECEMBER) SALES TAX UPDATE FOR THE CITY OF LA QUINTA The attached report was prepared by consultants HdL Companies as an update of sales tax receipts for fourth quarter sales from October-December 2020. •La Quinta’s overall adjusted sales tax receipts for major industry groups increased 1.5%, which compares to Riverside County at 4.5% and the state at (2.0%). •The City’s sales-per-capita was higher than both the county and state averages. •General consumer goods (such as department stores) made up 39% of sales tax revenue and 47% of Measure G revenue. •Autos and transportation made up 8% of sales tax revenue and 15% of Measure G revenue. •As in the second quarter, the City continues to benefit from increased online purchasing in the form of an increase in the County pool share, which was 20% of our sales tax revenue. The City continuously monitors local development, economic conditions, impacts on travel and trade, and legislative and judicial news for any potential changes to sales tax collections. Attached is the March 2021 update regarding DEPARTMENTAL REPORT ITEM NO. 1 economic conditions. The City’s current fiscal year budget was based on known information as of last Spring, and was recently adjusted for the second time to reflect incoming tax receipts; staff will continue to monitor for any additional needed adjustments. Attachment 1: HdL Sales Tax and Economic Updates www.hdlcompanies.com | 888.861.0220 Q4 2019* Q4 2020* Legend $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 SALES TAX BY MAJOR BUSINESS GROUP*Allocation aberrations have been adjusted to reflect sales activity General Consumer Goods County and State Pools Restaurants and Hotels Building and Construction Autos and Transportation Food and Drugs Fuel and Service Stations Business and Industry TOP 25 PRODUCERSCITY OF LA QUINTA HIGHLIGHTS Published by HdL Companies in Spring 2021 Bed Bath & Beyond Best Buy BevMo Circle K Costco Floor & Decor Outlets Genesis/Hyundai of La Quinta Hobby Lobby Home Depot In N Out Burger Kohls La Quinta Chevrolet & Cadillac La Quinta Resort and PGA West Lowes Marshalls PGA West Private Ross Stater Bros Target TJ Maxx Torre Nissan Tower Mart Trader Joes Vons Walmart Supercenter SALES TAX UPDATE CITY OF LA QUINTA 4Q 2020 (OCTOBER - DECEMBER) La Quinta’s receipts from October through December were 1.8% below the fourth sales period in 2019. Excluding reporting aberrations, actual sales were up 1.5%. Outdoor dining, curbside restaurant sales and restaurant delivery apps were not enough to offset year over year losses from in-person dining. Revenue from general consumer goods declined further in the fourth quarter as measures to slow the spread of Covid-19 continued to reduce traffic in shopping malls and retail stores. Gasoline prices have seen a steady increase since reaching a multiyear low late April 2020, but still far below pre- pandemic levels. The building-construction group continues with strong sales as consumers remain focused on home improvement products, completing projects they have put off for years as well as planning future projects. Autos-transportation reporter higher sales as consumers focused on was to enhance local travel to avoid the pandemic-related risks of flying or traveling by train. Food and drug stores continue to increase their omnichannel investments to reap COVID-driven gains from online ordering and curbside grocery pick-up. TOTAL: 7.7% $3,411,647 Measure G TOTAL:$ 2,823,684 1.5% 4.5%-2.0% COUNTY STATE LA QUINTA 4Q2020 ATTACHMENT 1 TOP NON-CONFIDENTIAL BUSINESS TYPES Q4 '20*La QuintaBusiness Type Change Change ChangeCountyHdL State -1.6%3.8%4.1% 688.3 Discount Dept Stores -39.4%-32.4%-29.1% 125.6 Casual Dining -31.3%-23.2%-20.5% 88.2 Service Stations 5.3%10.2%17.1% 84.5 Grocery Stores -75.9%-50.0%32.6% 83.9 Leisure/Entertainment -8.8%7.4%3.2% 76.5 Quick-Service Restaurants -16.1%-13.0%-2.0% 74.3 Family Apparel 0.8%4.2%-11.4% 66.6 Home Furnishings -6.7%-2.9%-1.5% 65.4 Specialty Stores -54.4%-48.8%-28.7% 37.8 Fine Dining *Allocation aberrations have been adjusted to reflect sales activity *In thousands of dollars REVENUE BY BUSINESS GROUP La Quinta This Quarter* 9% Others 20% Pools 14% Restaurants 8% Autos/Trans. 11% Building 39% Cons.Goods *ADJUSTED FORECONOMIC DATA SALES TAX UPDATECITY OF LA QUINTA4Q 2020 STATEWIDE RESULTS The local one cent sales and use tax from sales occurring October through December, the holiday shopping season, was 1.9% lower than the same quarter one year ago after adjusting for accounting anomalies and back payments from previous periods. Lower receipts were primarily concentrated in the Bay Area and coastal southern regions while much of inland California, including the San Joaquin Valley, Inland Empire, and northern regions, exhibited solid gains. As expected, the larger place of sale categories which have been negatively impacted throughout the pandemic continue to be brick and mortar general consumer goods retailers like family apparel, department, and electronics/ appliance stores. With limited to zero allowed indoor dining (depending on a County’s Covid-19 tier assignment), restaurants and hotels suffered the largest losses especially in communities that strongly rely on tourism. Although the workforce has slowly begun to return to physical office environments, fuel and service stations revenues lagged the prior year performance. It does not appear that Governor Newsom’s second ‘shelter at home’ directive, initiated by the increase in Covid-19 cases had an impact on overall results. While some merchants chose to utilize the Governor’s executive order allowing for a 90-day deferral of sales tax remittance, it was substantially less than the similar opportunity companies utilized during the 1st and 2nd quarters of 2020. The outstanding payments for most California cities will be remitted before the end of the 2020-21 fiscal year. On the bright side, as consumer confidence stabilized post the national presidential election, customers were motivated to comfortably spend on high-end luxury automobiles, boats- motorcycles, RVs, and sporting goods/ equipment. The building-construction sector, with 1) increased price of goods – like lumber, 2) continued home improvement projects, and 3) advantageous fall/ winter weather conditions saw strong gains that remained consistent throughout the calendar year. Exponential growth from countywide use tax pools further helped offset the declines. Greater online shopping signifying a permanent shift of consumer habits to this more convenient experience was inevitable. On the horizon, mass deployment of the Covid-19 vaccine will help a greater number of businesses, restaurants and theme parks to reach reopen status. Recent approval of the American Rescue Plan Act of 2021 will further support greater consumer spending, albeit in targeted segments. Pent up demand for summer outdoor experiences and travel is likely and thereby household spending is temporarily reverted away from taxable goods when compared to recent activity. 1ISSUE UPDATE, MARCH 2021 • 714.879.5000 • hdlcompanies.com SALES TAX OR USE TAX In order to determine the correct allocation of the local 1% Bradley‐Burns tax, we must first determine if sales or use tax applies to the transaction. •Sales tax applies when the goods are located in California at the time the sales occur. This includes a stock of goods held in a California warehouse, fulfillment center or retail stores. •Use tax applies when title to the goods passes to the purchaser at a point outside of California. Goods that ship to a customer from outside the state are generally subject to use tax. ALLOCATION OF TAX SALES TAX: Local 1% sales tax is allocated to the retailer’s place of business in California. This is the place where the transaction occurs, or the order is taken. Per Regulation 1802(a)1, in order for a local jurisdiction to receive a direct allocation of local 1% sales tax, the facility must be the retailer’s place of business in this state. Drop‐ship facilities, a supplier warehouse, or facilities operated by a separate legal entity do not qualify for a seller’s permit and would not be eligible for a direct allocation of local 1% tax. USE TAX: Use tax generally is allocated to the countywide pool based on the place of first functional use. Orders that ship from out of state that explicitly state title passes upon delivery are an exception to this general rule. ISSUE UPDATE MARCH 2021 Since the birth of digital retail in the 1990’s, both retailers and consumers have had to adapt to new and evolving ways to interact. These changes also present challenges when applying Sales & Use Tax Laws and allocation rules. Sales tax laws adopted in the 1950’s could not have anticipated the complexity of today’s wide range of consumer shopping options. The guideline below outlines the necessary steps to determine the proper local tax allocation for a variety of retail transactions. Tax Allocation Guidelines for Local Sales and Use Tax The above table applies to the majority of transactions subject to sales and use taxes in California. For additional information on the place of sale in specific instances please review Regulation 1802 in depth. If Sales Tax Applies If Use Tax Applies Regulation 1802: Place of Sale and Use In general, the place of sale is the place of business where the principal negotiations are carried on, in other words where the order is taken If an out of state retailer does not have a permanent place of business in this state other than a stock of tangible personal property, then local tax will be distributed to the jurisdiction where the inventory is located at the time of sale The place of use is the jurisdiction where the property is put to its first functional use. Generally regarded as the location of delivery Regulation 1699: Permits Retailers are required to hold a seller’s permit for each place of business in this state at which sales are customarily negotiated Permits are required for warehouses or other places at which merchandise is stored and from which retail sales of such merchandise negotiated out of state are delivered or fulfilled Permit analysis is not required Local Tax Allocation Local tax is allocated directly if the place of sale is required to hold a seller’s permit. If the place of sale is not required to hold a seller’s permit then local tax will be allocated indirectly through the countywide pools Local tax is allocated indirectly through the countywide pools (local use tax can be allocated directly under certain circustances) Page 5 2ISSUE UPDATE, MARCH 2021 • 714.879.5000 • hdlcompanies.com CALIFORNIA SALES & USE TAX: Tax Allocation Guidelines for Local Sales and Use Tax This chart is designed to show general scenarios that can impact the California local (1%) sales and use tax allocation. This chart does not exhaust all the sales and use tax law nuances that may determine a taxpayers filing status but rather focuses on the most common processes from sale to delivery. 1 In this scenario the retailer does not own a stock of goods in California and sales orders are negotiated/processed out of state. An out of state company is not required to hold a seller’s permit for an in-state third party warehouse if they do not own a stock of goods at the time of sale. Source: California Department of Tax & Fee Administration Regulations 1802 & 1699 As e‐commerce retail develops alternative ways for consumers to purchase taxable goods it becomes more important for local government leaders to understand the proper reporting and distribution of sales taxes. How retailers handle orders, inventory, and delivery of taxable goods continues to evolve which impacts current and future sales tax revenues for California’s cities and counties. PLACE OF SALE LOCATION OF GOODS AT THE TIME OF SALE HOW CUSTOMER RECEIVES GOODS ALLOCATION OF LOCAL TAX Page 6 CALIFORNIA FORECAST SALES TAX TRENDS AND ECONOMIC DRIVERS MARCH 2021 888.861.0220 | solutions@hdlcompanies.com | hdlcompanies.com Delivering Revenue, Insight and Efficiency to Local Government Since 1983 HdL provides relevant information and analyses on the economic forces affecting California’s local government agencies. In addition, HdL’s Revenue Enhancement and Economic Development Services help clients to maximize revenues. Temecula, CA HDL CONSENSUS FORECAST – MARCH 2021STATEWIDE SALES TAX TRENDS Autos/Transportation 6.2% | 3.0% The autos/transportation sector continues to recover as consumers treat themselves to more expensive vehicles at a time when other spending opportunities have been curtailed by the COVID-19 pandemic. The average price of a new car increased 6% compared to last year as attractive financing rates sustained demand while production stoppages early in the crisis limited supply. Sales are expected to continue to grow as the economy recovers, with automotive executives hopeful the industry will return closer to normal this year. Recreational vehicle (RV) purchases continue to be a bright spot as many feel they offer a safer way to travel. Receipts for this category were up 27% in the most recent quarter; the RV Industry Association is projecting industry volume may grow by as much as another 20% in 2021, boosted by millennial buyers newly introduced to the lifestyle during lockdowns. Building/Construction 6.8% | 1.7% Issued construction permit values continued to decline since the end of 2019, however, household projects filled the gap in spending for the construction industry. Through January, traffic at home improvement stores increased as stimulus recipients spent up to 28% of those payments on renovation products. As the State pulls back restrictions on business openings, consumer spending will shift to other goods and services. Contractors are active, addressing the backlog of projects created by the pandemic slowdown. Lumber prices, up 170% in the last 10 months, should push up taxes. 2021 is expected to see an extension of growth in warehousing; recent permit activity indicated office space is still in demand. Across California, new home construction is showing no signs of slowing down, supported by the persistent affordability of mortgages. All areas of the state will see at least modest growth in the coming year. Business/Industry -0.4% | 6.5% As the economy reopens, some sectors in the category are slowly rebounding – with improvement extending into FY 2021/22. Despite challenges brought on by the virus, agriculture and farming reported a strong 4Q20. Medical/biotech also surged last year, with purchases of medical equipment, pharmaceuticals and the return of elective and non-emergency medical procedures. Conversely, business closures plagued areas such as food service equipment, office supplies/furniture, business services, and the entertainment industry. Fulfillment center’s revenue boomed with the massive shift to online sales. Recognizing much of this buying preference shift is permanent, HdL’s forecast indicates moderate growth. Pandemic challenges such as absenteeism, qualified worker shortages, sanitization protocols in the Golden State are lagging compared to prior periods – even with the national manufacturing sector gaining strength. Overall, tax revenues are projected to achieve pre- pandemic levels next fiscal year. However, given its unique mix, each local jurisdiction’s experience will differ according to the size and character of its specific business/industrial base. Food/Drugs 4.4% | 2.5% Overlapping issues with other groups listed herein affected cash registers as taxable receipts at grocery, convenience and liquor stores climbed throughout 2020. The continued expansion of cannabis also provided fuel to this segment. The outlook for grocery stores is bright and focuses on broadening merchandise, retaining customer loyalty and deepening online efficiency deployment – approaches all aimed at keeping up with a steady expansion of more companies battling in a highly competitive marketplace. As cannabis outlets multiply, saturation levels may impact expected returns. Overall, growth is moderate as pent- up demand to eat out while spending stimulus checks and savings accounts is redirected to other household preferences. 2020/21 | 2021/22 HdL Companies | hdlcompanies.com TOTAL 4.1% | 7.2%2020/21 | 2021/22 2020/21 | 2021/22 Fuel/Service Stations -7.6% | 15.5% While the pandemic significantly hammered this industry during the past year, most signs are pointing toward upward pressure on prices, consumption, and demand for fuel. Recently, the average cost of gas rose to the highest level since last February and is expected to exceed $4 per gallon by mid-summer 2021. Temporary shutdown of a refinery in Texas and conflict in the Middle East have restricted supplies of oil. Oil barrel prices are estimated to move into the low $70 range in the summer. Jet fuel rates are the highest since January 2020. We anticipate COVID vaccines will begin to stabilize the virus, which in turn stimulates consumer confidence and the desire to travel. Based on these factors, HdL is projecting sales taxes associated with fuel and service stations to increase beginning in late first quarter 2021. General Consumer Goods 3.7% | 6.8% Retail has long been an evolving segment spurred by technology advancements, changing expectations, and generational behavioral shifts. Many establishments were not prepared to adapt as these trends were expedited by the global pandemic throughout 2020. Despite this turbulence, customer spending shifted from services to more taxable goods lifting local tax receipts higher than early estimates. With additional federal stimulus, a gradual return of foot traffic, and consumer resilience lifted by a wide deployment of vaccines, this group is expected to post strong results in 2021. Most COVID-19 induced changes to shopping behavior should be permanent. Anticipate store concepts focused on convenience and experience plus sustained upticks from big box retailers. Total receipts are not expected to reach their pre-pandemic peak until fiscal year 2022-23. HDL CONSENSUS FORECAST – MARCH 2021STATEWIDE SALES TAX TRENDS TOTAL 4.1% | 7.2%2020/21 | 2021/22 HdL Companies | hdlcompanies.com 2020/21 | 2021/22 Proposition 172 projections vary from statewide Bradley-Burns calculations due to the state’s utilization of differing collection periods in its allocation to counties. HdL forecasts a statewide increase of 4.5% for Fiscal Year 20/21 and 7.7% for 2021/2022. Restaurants/Hotels -13.2% | 23.9% The long road to recovery continues with a small set back from the December/January shelter-in-place order. The recovery in this sector is complicated; it is geographically uneven, with variations across restaurant types. There have been shifts to digital and alternative formats that accommodate social distancing and rising labor costs. These challenges result in restaurants increasing menu prices. The industry anxiously awaits the boom from pent up demand and anticipates summer 2021 to deliver multitudes of diners. Hotels are expected to gain more overnight stays; recovery in this sector depends upon vacation destination upticks. Expect slow recovery to progress over several years. Another glimmer of hope is provided as sporting events and amusement parks begin to reopen in April. State and County Pools 21.6% | 4.2% A unique convergence of bigger ecommerce spending (further accelerated due to COVID-19 related store closures) and new taxpayers coming from Wayfair’s AB147 implementation produced statewide growth of 32% for 2020. Forward thinking businesses are evolving customer experiences as procuring goods via warehouses and delivery trucks has become a trend that is here to stay. HdL’s forecast expects healthier use tax collections, but at a more measured pace given the spectacular outcomes from the prior calendar year. Future allocations to local agencies might vary as some regions experience in-state fulfillment center expansion. Additionally, use tax allocations could adjust up or down as company business structures are altered to address intense demand for online sales. 2020/21 | 2021/22 NATIONAL AND STATEWIDEECONOMIC DRIVERS Beacon Economics | BeaconEcon.com U.S. Real GDP Growth 15.1% | 4.6% A year ago, the US economy began to contract at a pace never experienced before. In comparison to the slow declines seen at the start of the Great Recession, it might be natural to leap to the worst possible conclusion – that the U.S. was going to suffer from massive recession. But as noted in past reports, the last recession was completely different than this one, hence one cannot draw such conclusions. By the end of 2020 the economy had regained 70% of the activity lost in the first two months – the first part of the “V”. The enormous surge in new Coronavirus cases at the end of 2020 only caused the recovery to slow modestly, thus there was no “W”, no “L” and clearly no “U”. One reason for the sharp rebound was because the supply shock reallocated demand within the economy, rather the general malaise across most of the economy seen post- Great Recession. Frustrated consumers who were denied an opportunity to eat at a favorite restaurant or fly to Disney World spent unused dollars in other parts of the economy such as buying homes, campers and other goods. U.S. Unemployment Rate 7.0% | 4.1% The weakest part of the economy remains aggregate employment, with 9 million fewer payroll jobs in the economy than pre-pandemic. A more in-depth look reveals this number is not as scary as it appears to be. For example, the unemployment rate in February of this year was already down to just 6.2%. Recall the unemployment rate was above 6% for six years in the aftermath of the Great Recession. A quarter of these people are still on temporary layoff (not looking for a new job) and a far higher share are receiving unemployment benefits than in the last downturn. In addition, outside the sectors directly impacted by the epidemic, labor markets were fairly tight and should gather momentum in the spring as the worst effects of COVID-19 are behind us. CA Total Nonfarm Employment Growth -3.1% | 7.9% Since the record drop in employment in April 2020, California’s labor market has underperformed compared to the U.S. labor market. The number of jobs decreased by 6.2% nationally since February 2020 while in California the number of jobs fell by 9.4%, and only 39% of the jobs lost by April have been recovered in the state. As of February 2021, there were 1.67 million fewer workers employed in the state than there were in February 2021. One key feature of the recovery of the labor market has been the extent to which job losses have disproportionately impacted low-income workers. Because the recovery in California has lagged the national economy to this point, this should mean that, once a vaccine is widely distributed and some normality resumes in 2021, employment growth in California will outpace the growth in the national economy. This was evident in the job figures from February, with California accounting for 37% of the jobs created in the nation. CA Unemployment Rate 8.8% | 4.6% California’s unemployment rate fell to 8.5% in February 2021 – down from 9.0% in the previous month and a peak of 16.0% in April 2020 – but remains elevated relative to the 6.2% rate in the U.S. overall. This decline is a positive sign but is as much due to a contracting labor force as it is to employment gains. In February 2021, there were 488,500 fewer people looking for work in the state compared to February 2020. Under normal circumstances, the state’s labor force would have expanded over this period. Our outlook remains positive, with cases remaining and restrictions being eased, there will be upward pressure on job creation in the coming months. In addition, as the vaccine rollout picks up speed in the spring, we should see the unemployment rate fall significantly as the year progresses. CA Median Existing Home Price $585,710 | $616,288 The state’s housing market has been by far the brightest spot of the 2020 economy. Single family home prices have surged compared to last year, growing by 15% percent from Q4 2019 to Q4 2020. In 2020, existing homes were around 8,500 units lower compared to 2019, with sales surging in the third and fourth quarters. This is an extraordinary feat given the performance of the state’s labor market this year. The strong performance of the state’s housing market is likely driven by three factors. First, typical homebuyers (higher income earners) have been less affected by the labor market fallout. Second, mortgage rates are at historically low levels, spurring purchasing activity. Third, inventories are near historic lows in many parts of the state. That said, the growth in home prices this year is unsustainable, and we should expect interest rates to tick up at some point in 2021. CA Residential Building Permits 116,635 | 114,475 The increase in home prices this year have once again brought California’s housing shortage to the forefront. Until the supply of housing picks up considerably, there will be upward pressure on home prices in the state. For 2020, around 4,570 fewer permits were issued in the state compared to 2019. This will do little to help the state’s chronic housing shortage, but the expectation is that housing permits will rebound in 2021 as the economy continues to recover. 2020/21 | 2021/22 2020/21 | 2021/22 Beacon Economics LLC 5777 West Century Boulevard, Suite 895 Los Angeles, CA 90045 Telephone: 310.571.3399 Fax: 424.646.4660 Beacon Economics has proven to be one of the most thorough and accurate economic research/analytical forecasting firms in the country. Their evaluation of the key drivers impacting local economies and tax revenues provides additional perspective to HdL’s quarterly consensus updates. The collaboration and sharing of information between Beacon and HdL helps both companies enhance the accuracy of the work that they perform for their respective clients. HdL Companies 120 S. State College Blvd., Suite 200 Brea, CA 92821 Telephone: 714.879.5000 • 888.861.0220 Fax: 909.861.7726 California’s allocation data trails actual sales activity by three to six months. HdL compensates for the lack of current information by reviewing the latest reports, statistics and perspectives from fifty or more economists, analysts and trade associations to reach a consensus on probable trends for coming quarters. The forecast is used to help project revenues based on statewide formulas and for reference in tailoring sales tax estimates appropriate to each client’s specific demographics, tax base and regional trends. 714.879.5000 | hdlcompanies.com POWER POINTS FAC MEETING MAY 12, 2021 05/12/2021 1 Financial Advisory Commission Meeting May 12, 2021 1 2 05/12/2021 2 Financial Advisory Commission Meeting 05/12/2021 Announcements, Presentations and Written Communications Item No. 1 Dune Palms Road Bridge – Highway Bridge Program Funding Constraints Bridge Construction Costs •City would have to advance $14,936,122 •Non‐reimbursed share $947,512 3 4 05/12/2021 3 Financial Advisory Commission Meeting 05/12/2021 Business Session Item No. 1 Review and Approve the Fiscal Year 2020/21 Meeting Dates Proposed Meeting Dates Wednesday August 4 Quarterly Wednesday October 6 Special Wednesday November 10 Quarterly Wednesday February 9 Quarterly Wednesday April 6 Special Wednesday May 11 Quarterly Wednesday June 1 Special 5 6 05/12/2021 4 Financial Advisory Commission Meeting 05/12/2021 Business Session Item No. 2 Receive and File Fiscal Year 2020/21 Third Quarter Budget Report General Fund •Sales tax & STVR rental TOT continue to exceed original projections •Staff continued fiscal prudence resulted in minimal expense increases •Transfers out to SRR for golf course to offset reduced revenues and increase operational expenses due to COVID •Police savings will transfer out to Public Safety Fund •Measure G revenue increase will go to Measure G Reserves 7 8 05/12/2021 5 Special Revenue Funds •Transfer in to Public Safety Fund from police savings •Increase to developer fees based on actual YTD activity •Transfer in to SRR for golf course operations Account No. Description Revenues Expenses 203-0000-49500 Transfers In, From General Fund 332,000 Account No. Description Revenues Expenses 215-0000-43210 LLD Assessments (19,900) Account No. Description Revenues Expenses 249-0000-41900 Allocated Interest 1,000 Account No. Description Revenues Expenses 252-0000-41900 Allocated Interest 2,000 Account No. Description Revenues Expenses 254-0000-43200 Developer Fees 60,000 Account No. Description Revenues Expenses 601-0000-49500 Transfers In, From General Fund 300,000 TOTAL ALL FUNDS 675,100 - SilverRock Golf Course Fund (601) SPECIAL REVENUE FUNDS Public Safety Fund (203) Lighting and Landscape Fund (215) SA 2011 Low/Mod Bond Fund (249) Civic Center DIF Fund (252) Community and Cultural Centers DIF Fund (254) Summary – All Funds Fund # Fund Name Revenues Expenses 101 General Fund 2,645,000$ 409,600$ 203 Public Safet y Fund 332,000 - 215 Lighting and Landscape Fund (19,900) - 249 SA 2011 Low/Mod Bond Fund 1,000 - 252 Civic Center DIF Fund 2,000 - 254 Community and Cultural Centers DIF Fund 60,000 - 601 SilverRock Golf Course Fund 300,000 - TOTAL ADJUSTMENTS ALL FUNDS 3,320,100$ 409,600$ 9 10 05/12/2021 6 General Fund Totals •Surplus number does not include the YTD increases to Measure G revenues, as those have been assigned to Measure G reserves TOTAL REVENUES 74,597,367 TOTAL EXPENDITURES 71,508,897 AMENDED BUDGET SURPLUS/(DEFICIT) 3,088,470$ 2020/21 GENERAL FUND BUDGET SUMMARY Measure G Reserves 2019/20 Ending Balance, Measure G Reserves $8,736,219 2020/21 Measure G Revenue Budget, Adopted $8,197,200 2020/21 Public Safety Contract Services ($4,545,000) 2020/21 X-Park Landscaping ($275,000) 2020/21 Highway 111 Corridor Improvements ($250,000) 2020/21 Measure G Budget, Q2 adjustment $1,500,000 2020/21 Measure G Budget, Q3 adjustment $920,000 2020/21 Use of Measure G Reserves, SilverRock Event Site ($244,700) 2020/21 Use of Measure G Reserves, Alongi Building ($160,000) 2020/21 Use of Measure G Reserves, SilverRock Event Site ($290,000) 2020/21 Use of Measure G Reserves, SilverRock Soil Stabilization ($10,000) 2020/21 Use of Measure G Reserves, SilverRock Event Site ($427,250) 2020/21 Projected Ending Balance, Reserves $13,151,469 Measure G Summary 11 12 05/12/2021 7 Unassigned Reserves General Fund Unassigned Reserves 6/30/2020 19,094,651$ 2nd Quarter Allocation to Reserves (8,160,000) Projected Budget Surplus 3,088,470 PROJECTED UNASSIGNED RESERVES 14,023,121$ Commissioner Comments and Discussion 13 14 05/12/2021 8 Financial Advisory Commission Meeting 05/12/2021 Study Session Item No. 1 Discuss Fiscal Year 2021/22 Preliminary Proposed Budget BUDGET HIGHLIGHTS 15 16 05/12/2021 9 Revenue Projections •Conservative growth rates were applied to major revenue accounts •Confirmed & leveraged grant sources •Expert consultants - property & sales taxes •Gradual recovery for TOT dependent on vaccine distribution •Increase in STVR fees based on impacts from newly adopted fee schedule General Fund Revenues Increase of 14% from 2020/21 Original Budget Top 3 Revenue Sources: Sales Tax revenue $21.5 million Property Tax revenue $8.9 million Transient Occupancy Tax (TOT) $8.3 million General Fund Revenues 2020/21 Original 2020/21 Current 2021/22 Proposed Change Current V. Proposed Taxes 38,596,000 44,878,000 45,957,000 1,079,000 License & Permits 1,136,800 1,186,800 2,252,000 1,065,200 Intergovernmental 8,479,700 9,343,634 8,546,100 (797,534) Charges for Services 785,500 575,000 876,010 301,010 Fines & Assessment 290,000 264,000 294,000 30,000 Other/Misc. 1,438,100 1,438,100 1,174,100 (264,000) Total Revenues 50,726,100 57,685,534 59,099,210 1,413,676 17 18 05/12/2021 10 Expense Projections •Assist City and community with recovery and restoration efforts related to COVID-19 •Monitor expenses related to reopening of facilities, programs and increased operations •Continue to address infrastructure improvements and capital improvement projects General Fund Expenses General Fund Expenditures 2020/21 Original 2020/21 Current 2021/22 Proposed Change Current V. Proposed City Council 292,000 292,900 302,200 9,300 City Manager 707,000 767,000 1,076,000 309,000 Marketing & Community Relations 1,110,300 1,228,800 1,325,900 97,100 City Attorney 565,000 565,000 696,000 131,000 City Clerk 593,400 639,100 625,200 (13,900) Human Resources 264,400 304,400 376,000 71,600 Police 17,506,700 17,204,700 18,439,100 1,234,400 Fire 8,021,700 9,165,422 8,210,900 (954,522) Community Resources Admin. 700,600 790,600 808,500 17,900 Wellness Center Operations 543,800 558,800 597,900 39,100 Recreational Programs & Events 438,700 478,700 823,300 344,600 Code Compliance/Animal Control 1,196,800 1,310,700 1,473,320 162,620 Parks Maintenance 1,670,800 1,814,400 2,380,900 566,500 Public Buildings 1,140,700 1,190,700 1,321,200 130,500 Public Works Administration 719,200 719,200 739,900 20,700 Public Works Dev. Services 390,200 390,200 431,000 40,800 Streets 484,300 494,300 496,600 2,300 Engineering Services 999,000 1,062,300 761,800 (300,500) Design & Development Admin. 519,300 649,300 656,200 6,900 Planning 513,900 613,900 678,600 64,700 Building 777,100 787,100 919,800 132,700 The Hub 908,300 965,300 986,000 20,700 Finance 1,393,400 1,423,400 1,443,100 19,700 Centralized Services 6,454,100 22,867,375 9,383,206 (13,484,169) Total Expenditures 47,910,700 66,283,597 54,952,626 (11,330,971) 19 20 05/12/2021 11 Internal Service Funds •Support the City’s internal operations •Majority of revenues derived from the General Fund based on employee & equipment allocations Fund FY 20/21 Current FY 21/22 Proposed Variance Equipment Replacement 1,144,464 1,222,750 78,286 Information Technology 1,924,200 1,786,700 (137,500) Park Equipment 682,986 105,000 (577,986) Insurance Fund 904,500 970,100 65,600 4,656,150 4,084,550 (571,600) General Fund Summary Measure G Sales Tax Revenue 11,500,000$ Police Services (5,163,000) Capital Improvements (2,758,356) Available for Appropriation 3,578,644$ MEASURE G SALES TAX SUMMARY Revenues 59,099,210$ Less Operating/CIP Expenses (54,952,626) Preliminary Budget Surplus 4,146,584 Less Measure G Reserves (3,578,644) BUDGET SURPLUS 567,940$ GENERAL FUND FY 2021/22 PROPOSED BUDGET SUMMARY 21 22 05/12/2021 12 Optimistic but still Uncertain Outlook •Monitor additional needs related to COVID-19 •Economic recovery depends on the end of the pandemic •Future congressional actions to provide additional federal stimulus funding or spending flexibility FY 2021/22 Budget Schedule •January 16 – Community Workshop •March 2 - CIP – City Council •May 4 – City Council •May 5 – Housing Commission •May 12 – Financial Commission •May 18 – City Council •June 1 – City Council •June 2 – Financial Commission •June 9 – Housing Commission •June 15 – City Council, Adoption For the latest budget information visit: www.laquintaca.gov/business/finance/budget 23 24 05/12/2021 13 Discussion & Questions Financial Advisory Commission Meeting 05/12/2021 Departmental Report Item No. 1 Fourth Quarter 2020 (October-December) Sales Tax Update for the City of La Quinta 25 26 05/12/2021 14 Top 25 Business Measure G Amazon Com Services Amazon Fulfillment Services Best Buy Bestbuy Com BevMo Circle K Costco Data Impressions Dept. of Motor Vehicles Desert European Motorcars Ferrari of San Francisco Floor & Décor Hobby Lobby Home Depot Kohls La Quinta Resort/PGA West Lowes Marshalls Mathis Brothers Furniture PGA West Private Ross Target TJ Maxx Vons Walmart Sales Tax Bed Bath & Beyond Best Buy BevMo Circle K Costco Floor & Décor Hobby Lobby Home Depot Hyundai/Genesis of La Quinta In n Out Burger Kohls La Quinta Chevrolet & Cadillac La Quinta Resort/PGA West Lowes Marshalls PGA West Private Ross Stater Brothers Target TJ Maxx Torre Nissan Tower Mart Trader Joe's Vons Walmart Financial Advisory Commission Meeting 05/12/2021 Departmental Report Item No. 2 Recruitment for New Finance Director 27 28 05/12/2021 15 Finance Director Position •Claudia Martinez has been named Interim Finance Director •City Manager and Human Resources are working on next steps 29 30 HANDOUT FOR PRESENTATION ITEM NO. 1 FAC MEETING MAY 12, 2021 1. This project is supposed to be “shovel ready” in July, so why are we first talking about this major issue in May? RESPONSE: Executive Staff have actively addressed this matter since November 2020. The project experienced several delays associated with the acquisition of right of way, and utility clearance that affected construction readiness. These delays are now clearing up and Staff believe the project can now meet the Advance Construction Deadlines during FFY 20/21 if the City decides to move forward at this time. 2. DPB looks to be a $24 mm project, which is huge for our City. Have the full benefits of this project been outlined somewhere, and are they still relevant today (from having started this effort back in 2013)? Where can one find a list of these major benefits? RESPONSE: The City Council adopted the following Purpose and Need Statements for the project. Project Purpose The purpose of the project is to replace the existing Low-water Crossing spanning the Coachella Valley Storm Water Channel (CVSWC) at Dune Palms Road with an All-Weather Access. The proposed improvements will accomplish the following: • Provide reliable route for emergency vehicles, motorists, pedestrians, and bicyclists traveling the corridor • Provide safe access across CVSWC (Whitewater River) and along the corridor during all-weather events • Improve traffic circulation • Provide a north-south corridor for bicycles and golf carts Project Need Dune Palms Road serves as a vital north/south link for emergency service, as well as a main corridor to access the La Quinta High, John Glen Middle and Emilia Earhart Elementary Schools. It also provides connectivity between the city residential developments north of the channel with the Highway 111 commercial corridor located south of CVSWC. (See Location Map) HANDOUT FOR PRESENTATION ITEM NO. 1 DUNE PALMS ROAD BRIDGE (DBP) – HIGHWAY BRIDGE PORGRAM (HBP) FUNDING CONSTRAINTS 1 The CVSWC conveys storm water runoff from the surrounding mountains as well as developed areas within the Coachella Valley. The elevation of the existing Dune Palms Road low-water crossing causes it to flood during any minor rain events (2-year frequency) and results in full street closure and detour of both vehicle and pedestrian traffic. In the interest of public health and safety, and in response to community concerns regarding frequent closures of the low-water crossing, the City of La Quinta has determined that replacement of the low-water crossing with a new bridge is needed to ensure all weather access is maintained. 3. Given the recent status of CalTrans funding of HBP programs, what is the current risk that the City will NOT get reimbursed for this $21mm “advance” now being requested of it? What is our true financial exposure here? IF we do get reimbursed by CalTrans and CVAG, it looks like our exposure could net out at about $1mm, but if we do not, then the exposure appears great, and in any event, we are still out all this front-end money either way. RESPONSE: The City’s HBP funding exposure is currently estimated at $14,936,122. This amount represents 88.53% of the “Participating” or Eligible Costs associated with the construction phase. Coachella Valley Association of Government (CVAG) has already agreed to fund 75% of the 11.53% local share of “Participating Costs”. CVAG Staff have also advised that it would fund 100% of the “Non-Participating” or Ineligible Costs associated with the CV Link Enhancements and 75% of the costs of other “Non-Participating” costs which include the roadway approaches on both sides of the new bridge and the relocation of the IID owned electrical facilities. CVAG’s approval of the City’s request for additional regional funding has been submitted and is expected to be approved by CVAG. 4. What are the funding sources we have available to come up with this requested $900,000/month for 23 months? RESPONSE: Advance Funding Options to be Considered by Council: Advance Funds from: 1. City Unassigned General Funds; 2. Unassigned Measure G Funds; 3. Capital Replacement Reserve Funds; or 4. A combination of the above funds. 2 5. What are the true risks and downsides to postponing or cancelling this project, and do they more than offset the large financial commitment we are being asked to make? Is this project truly worth more than $24mm to the City? RESPONSE: The City has invested a considerable amount of time and money obtaining Environmental Clearance, Permits, Right of Way and Preparing the Plans and Specifications getting the project ready for construction. Delaying the project until Federal Funds become available will likely require the City to reapply and/or renew the Environmental Permits and possibly the Plans and Specifications required to construct the project if and when Federal Funding becomes available. If the City cancels the project, the City will be required to repay the Federal and Regional (CVAG) Funds received to prepare the Environmental Document, Plans, Specifications, and Estimates, and to acquire the necessary Right of Way, which is approximately $3 Million Dollars. It is important to note that replacing “Low Water Crossings” with “All Weather Bridges” are no longer eligible to receive Highway Bridge Program Funding. The City’s Dune Palms Road Bridge and Avenue 50 Bridge were grandfathered into the program because they were approved for funding prior to the program changes. Subsequently, the Dune Palms Road Bridge would not be eligible for HBP funding in the future if the City chooses to cancel the project at this time. 6. Do not understand Attachment 1 of Dune Palms Road Bridge – HBP Funding Constraints staff report and need some help with it, please. RESPONSE: Attachment 1 of staff report was provided by Caltrans Staff outlining the order of priority it will use during FFY 20/21 to prioritize HBP projects for funding. The City’s Low Water Crossing conversion to an All-weather Bridge is a low priority unless the City moves forward with an AC Conversion position. 3 7. What are all of the options to consider here, and what are the staff recommendations to the Financial Advisory Commission (FAC) and Council? RESPONSE: The options being presented to the FAC for consideration and feedback are whether the FAC recommends moving forward with the construction of the bridge using City funds to pay for advance construction costs, and if we do move forward, what is/are the recommended funding sources. Staff has laid out what they feel are the most readily available funding sources but would also welcome thoughts of any additional sources the FAC feels would be appropriate. 4