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2022 04 13 FAC Special MeetingSPECIAL MEETING NOTICE Page 1 of 6 APRIL 13, 2022 FINANCIAL ADVISORY COMMISSION NOTICE SPECIAL MEETING OF THE LA QUINTA FINANCIAL ADVISORY COMMISSION TO THE MEMBERS OF THE LA QUINTA FINANCIAL ADVISORY COMMISSION AND TO THE COMMISSION SECRETARY: NOTICE IS HEREBY GIVEN that a Special Meeting of the La Quinta Financial Advisory Commission is hereby called to be held on Wednesday, April 13, 2022, starting at 4:00 p.m.; at La Quinta City Hall located at 78495 Calle Tampico, La Quinta, CA 92253 for the following purpose: CONSENT CALENDAR 1. Approve Meeting Minutes Dated February 9, 2022 2. Receive and File Second Quarter Fiscal Year 2021/22 Treasury Reports for October, November, December 2021 3. Receive and File Revenue and Expenditure Report Dated December 31, 2021 4. Receive and File Revenue and Expenditure Report Dated January 31, 2022 BUSINESS SESSION 1. Receive and file fiscal year 2021/22 Mid-Year Budget Report STUDY SESSION 1. Discuss Projects to be included in Fiscal Years 2022/23 through 2026/27 Capital Improvement Program budget 2. Review and Discuss the 2022 Community Workshop DEPARTMENTAL REPORTS 1. Finance Department Current and Future Initiatives Dated: April 11, 2022 /s/ George Batavick George Batavick, Chairperson Attest: Jessica Delgado, Management Assistant SPECIAL MEETING NOTICE Page 2 of 6 APRIL 13, 2022 FINANCIAL ADVISORY COMMISSION DECLARATION OF POSTING I, Jessica Delgado, Management Assistant, do hereby declare that the foregoing notice for the La Quinta Financial Advisory Commission Special Meeting of April 13, 2022, was posted on the outside entry to the Council Chamber at 78495 Calle Tampico, and on the bulletin boards at 51321 Avenida Bermudas and 78630 Highway 111 on April 11, 2022. Dated: April 11, 2022 Jessica Delgado, Management Assistant SPECIAL MEETING NOTICE Page 3 of 6 APRIL 13, 2022 FINANCIAL ADVISORY COMMISSION SPECIAL MEETING FINANCIAL ADVISORY COMMISSION AGENDA CITY HALL COUNCIL CHAMBERS 78495 Calle Tampico, La Quinta WEDNESDAY, APRIL 13, 2022, AT 4:00 P.M. ****************************** SPECIAL NOTICE Teleconferencing and Telephonic Accessibility in Effect Pursuant to Executive Orders N-60-20 and N-08-21 executed by the Governor of California, and subsequently Assembly Bill 361 (AB 361, 2021), enacted 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 public, the Financial Advisory Commission, the City Manager, City Attorney, City Staff, and City Consultants may participate in this special meeting by teleconference. 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 a specific agenda item or matters not on the agenda are requested to follow the instructions listed below: Written public comments can be provided in-person during the meeting or emailed to the Commission Secretary at JDelgado@LaQuintaCA.gov preferably by 12:00 p.m. on the day of the meeting , and will be distributed to the 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 agendas and staff www.laquintaca.gov SPECIAL MEETING NOTICE Page 4 of 6 APRIL 13, 2022 FINANCIAL ADVISORY COMMISSION Chair, a brief summary of any public comment is asked to be read, to the extent staff can accommodate such request. Written Comments and list the following: 1) Full Name 4) Public Comment or Agenda Item Number 2) City of Residence 5) Subject 3) Phone Number 6) Written Comments *** TELECONFERENCE PROCEDURES *** Verbal public comments via Teleconference members of the public may attend and participate in the meeting by teleconference via Zoom and use Chair; the City will facilitate the ability for a member of the public to be audible to the Commission and general public and allow him/her/they to speak on the item(s) requested. Please note members of the public must unmute themselves when prompted upon being recognized by the Chair, in order to become audible to the Commission and the public. Only one person at a time may speak by teleconference and only after being recognized by the Chair. ZOOM LINK: https://us06web.zoom.us/j/89839984651 Meeting ID: 898 3998 4651 Or join by phone: (253) 215 8782 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 Chair will endeavor to take a brief pause before action 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: Anderson, Campbell, Dorsey, Mast, Mills, Way and Chair Batavick SPECIAL MEETING NOTICE Page 5 of 6 APRIL 13, 2022 FINANCIAL ADVISORY COMMISSION PLEDGE OF ALLEGIANCE PUBLIC COMMENT ON ITEMS NOT ON THE AGENDA At this time, members of the public may address the Financial Advisory Commission on any matter not listed on the agenda by providing written public comments either in-person or via email as indicated above; or provide verbal public comments either in-person or via teleconference by joining the meeting virtually at https://us06web.zoom.us/j/89839984651 Chair. Members of the public attending the meeting in-person are requested to complete a Request to Speak form and submit it to the Commission Secretary. Please limit your comments to three (3) minutes (or approximately 350 words). The Financial Advisory 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 § 54954.2(b)] CONFIRMATION OF AGENDA ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS None CONSENT CALENDAR NOTE: Consent Calendar items are routine in nature and can be approved by one motion. 1. Approve Meeting Minutes Dated February 9, 2022 2. Receive and File Second Quarter Fiscal Year 2021/22 Treasury Reports for October, November, December 2021 3. Receive and File Revenue and Expenditure Report Dated December 31, 2021 4. Receive and File Revenue and Expenditure Report Dated January 31, 2022 BUSINESS SESSION 1. Receive and file fiscal year 2021/22 Mid-Year Budget Report STUDY SESSION 1. Discuss Projects to be included in Fiscal Years 2022/23 through 2026/27 Capital Improvement Program budget 2. Review and Discuss the 2022 Community Workshop DEPARTMENTAL REPORTS 1. Finance Department Current and Future Initiatives SPECIAL MEETING NOTICE Page 6 of 6 APRIL 13, 2022 FINANCIAL ADVISORY COMMISSION ADJOURNMENT The next regular quarterly meeting of the La Quinta Financial Advisory Commission will be held on May 11, 2022, commencing at 4:00 p.m. at the La Quinta City Hall Council Chambers, 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 that the foregoing Agenda for the Commission Special Meeting on April 13, 2022 Chamber at 78495 Calle Tampico, and the bulletin boards at 78630 Highway 111, and 51321 Avenida Bermudas, on April 11, 2022. DATED: April 11, 2022 Jessica Delgado, Management Assistant City of La Quinta, California Public Notices The La Quinta City Hall Council Chambers is handicapped accessible. If special equipment is needed for the hearing impaired, please contact the Commission Secretary at (760) 777-7150, 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, arrangements should be made in advance by contacting the Commission Secretary at (760) 777-7150. 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 Commission Secretary for distribution. It is requested that this takes 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 78495 Calle Tampico, La Quinta, California, 92253, during normal business hours. FINANCIAL ADVISORY COMMISSION MINUTES Page 1 of 4 FEBRUARY 9, 2022 REGULAR QUARTERLY MEETING FINANCIAL ADVISORY COMMISSION MINUTES WEDNESDAY, FEBRUARY 9, 2022 CALL TO ORDER A regular quarterly meeting of the La Quinta Financial Advisory Commission (Commission) was called to order at 4:00 p.m. by Chair Batavick. This meeting provided teleconferencing accessibility pursuant to Executive Orders N-60-20 and N-08-21 executed by the Governor of California, and subsequently Assembly Bill 361 (AB 361, 2021), enacted 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.). PRESENT: Commissioners Anderson, Campbell, Dorsey, Mast, Mills, Way, and Chair Batavick ABSENT: None STAFF PRESENT: Finance Director Martinez, Financial Services Analyst Hallick, Management Assistant Delgado. PLEDGE OF ALLEGIANCE Commissioner Mast led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None CONFIRMATION OF AGENDA – Confirmed ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS – None CONSENT CALENDAR ITEMS 1. APPROVE MEETING MINUTES DATED NOVEMBER 10, 2021 2. APPROVE MEETING MINUTES DATED DECEMBER 14, 2021 3. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED SEPTEMBER 30, 2021 4. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED OCTOBER 31, 2021 CONSENT CALENDAR ITEM NO. 1 FINANCIAL ADVISORY COMMISSION MINUTES Page 2 of 4 FEBRUARY 9, 2022 REGULAR QUARTERLY MEETING 5. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED NOVEMBER 30, 2021 Motion – A motion was made and seconded by Commissioners Way/Campbell to approve Consent Calendar Item Nos. 3, 4, and 5. Motion passed unanimously. CONSENT CALENDAR ITEM NO. 2 Commissioner Mills requested the following revisions to the December 14, 2021 Special Meeting minutes: • Page 2, Business Session Item No. 1, Paragraph 2 shall read as follows: “The Commission, staff, and City Consultant/Project Manager Nickerson with NAI Consulting, Inc., discussed how expenses are disclosed and reflected for the Project on the City’s financial statements; timeline process for Project reimbursement; funding allocation options; other agency funding shares; and Measure G and Unassigned reserve projections. The Commission requested staff obtain auditor input on how Project should be disclosed in the City’s Annual Comprehensive Financial Report.” CONSENT CALENDAR ITEM NO. 1 Chair Batavick requested the following revisions to the November 10, 2021 Regular Meeting minutes: • Page 3, Commissioner Item No 7 – title and first sentence shall read as follows: “Possible Effects on the City’s Budget Due to High Inflation and Supply Chain Issues Chair Batavick inquired if staff has looked into a strategy for any impacts on the City’s budget due to the high inflation and supply chain issues, which may cause a rise in operating expenses.” Motion – A motion was made and seconded by Commissioners Batavick/Mills to approve Consent Calendar Item Nos. 1 and 2 as amended. Motion passed unanimously. The Commission and staff discussed the purpose for the non-general fund for Development Impact Fees-Transportation. BUSINESS SESSION 1. RECEIVE AND FILE FISCAL YEAR 2020/21 GENERAL FUND YEAR- END BUDGET REPORT (Report) FINANCIAL ADVISORY COMMISSION MINUTES Page 3 of 4 FEBRUARY 9, 2022 REGULAR QUARTERLY MEETING Finance Director Martinez presented the staff report, which is on file in the Finance Department. The Commission and staff discussed general fund revenue for transient occupancy taxes (TOT) it’s funding sources; expenses for short-term vacation rental (STVR) program and its impact on TOT. Commissioner Campbell inquired on what is considered a STVR within the City. Commissioner Mills mentioned that definition on STVR can be found in past Council meetings found on the City’s archive Council meeting recordings on the website. Further discussion followed on general fund budgeted revenues and its variances compared to actual revenue and carryovers for fiscal year 2020/21. Commissioner Mills suggested the new Commissioners be provided with a copy of the Reserve Study done by the City, and Staff noted the study would be provided via email. The Commission and staff discussed the current formatting of the Report that is year-over-year differences versus possibly showing in Report year-to-date year-over-year showing prior year differences. Staff noted the Report format is under review. Motion – A motion was made and seconded by Commissioners Mills/Anderson to receive and file fiscal year 2020/21 general fund year-end budget report as submitted. Motion passed unanimously. STUDY SESSION – None DEPARTMENTAL REPORTS All reports are on file in the Finance Department. 1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES Commissioner Mast asked if the Accounting Manager position posted by the City was new. Finance Director Martinez said this was her position prior to being appointed as the Finance Director. Commissioner Anderson asked if the budget timeline for fiscal year 2021/22 would be affected due to the postponement of the City’s Annual Community Workshop. Ms. Martinez said that staff has met over the last two weeks with the capital improvement team and other departments internally to review and discuss current projects underway; are taking into consideration priority projects that may have been delayed due to the ongoing pandemic; and community priorities to make an effort to stay in line with the fiscal year 2021/22 budget timeline as done in prior years. FINANCIAL ADVISORY COMMISSION MINUTES Page 4 of 4 FEBRUARY 9, 2022 REGULAR QUARTERLY MEETING 2. THIRD QUARTER 2021 (JULY-SEPTEMBER) SALES TAX UPDATE FOR THE CITY OF LA QUINTA Commissioner Dorsey inquired on where the City stands in sales per capita in comparison to other local cities. Financial Services Analyst said the sales per capita for the City stands firmly in the middle in comparison to other cities in the Coachella Valley and noted that Palm Springs, Palm Desert, and Rancho Mirage were a bit higher than La Quinta, and Cathedral City, Indio and Coachella are below La Quinta. COMMISSIONERS’ ITEMS – None ADJOURNMENT There being no further business, it was moved by Commissioner Mills/Anderson to adjourn this meeting at 5:11 p.m. Motion passed unanimously. Respectfully submitted, Jessica Delgado, Management Assistant City of La Quinta, California City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: April 13, 2022 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE SECOND QUARTER FISCAL YEAR 2021/22 TREASURY REPORTS FOR OCTOBER, NOVEMBER, DECEMBER 2021 RECOMMENDATION Receive and file the second quarter fiscal year 2021/22 Treasury Reports for October, November and December 2021. BACKGROUND/ANALYSIS Commentary and Summary of Significant Activity The total book value of the portfolio increased $6.9 million, from $176.1 million at the end of September to $183.0 million at the end of December. 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 October November December Max Allowed Bank Accounts 4.52%5.86%7.04%100% Local Agency Investment Fund (LAIF) City 40.63%39.84%34.70%(1) Local Agency Investment Fund (LAIF) Housing 6.02%5.90%5.79%(1)(2) Money Market Pool Accounts-CAMP 0.49%0.48%0.47%20% Federal Agency Coupons 14.19%14.75%17.18%100% Treasury Coupons 7.03%6.90%8.94%100% Certificates of Deposit (CD's)18.08%17.45%17.12%30% Corporate Notes 1.33%1.31%1.28%30% Money Market with Fiscal Agent 0.00%0.00%0.00%(2) CERBT- OPEB Trust 1.16%1.14%1.16%(3) PARS Pension Trust 6.54%6.37%6.32%(3) Total 100%100%100% (3) OPEB and pension trusts are fiduciary accounts and not subject to City Investment Policy (1) LAIF is subject to maximum dollar amount not a percentage of the portfolio (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. 2 The fiscal year annual effective rate of return is 0.77% as of December, which reflects a 30 basis point (bps) decrease since December 2020. The overall portfolio rate is declining as securities purchased when rates were higher are maturing and are being replaced with securities at significantly lower rates. Additionally, for liquidity purposes the City holds a substantial balance in the Local Agency Investment Fund (LAIF), which has also seen a decline in rates driven by the short-term bond market and Fed Funds rate. The LAIF rate was 2.04% in December of 2019, had dropped to 0.54% by December 2020 and was only 0.21% in December of 2021. City staff is evaluating liquidity needs and moving money from LAIF into investments that will provide greater yield. Throughout the quarter, six CDs and one U.S. Treasury matured, one CD was sold, and nine agency bonds, seven treasuries, and four CDs were purchased. 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, Finance Director/Treasurer Attachment: 1. Treasurer’s Report for October 1, 2021 to December 31, 2021 Total Earnings Average Days to Maturity Effective Rate of Return YTD October 159,122$ 419 0.80% November 104,459$ 418 0.79% December 100,276$ 448 0.77% Quarter 2 363,858$ 428 0.79% ATTACHMENT 1 Days to Maturity Page 1 Par Value Book Value Maturity Date Stated RateMarket Value October 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Bank Accounts 1Bank of New York1293 4,017,708.13 4,017,708.1309/01/2020 4,017,708.13 1SYS1293 0.000 1Bank of the West1228 3,189,065.93 3,189,065.9308/20/2019 3,189,065.93 1059731851 0.000 1City Petty Cash1059 3,300.00 3,300.0007/01/2016 3,300.00 1SYS1059 0.000 1Dune Palms Mobile Estates1318 378,955.53 378,955.5303/09/2021 378,955.53 1SYS1318 0.000 1La Quinta Palms Realty1062 367,857.92 367,857.9207/01/2016 367,857.92 1SYS1062 0.000 7,956,887.51 17,956,887.517,956,887.519,905,895.26Subtotal and Average 1 0.000 Local Agency Investment Fund-City 1Local Agency Inv Fund1055 71,519,640.72 71,519,640.72 0.20371,525,193.90 198-33-434 0.203 71,519,640.72 171,525,193.9071,519,640.7271,500,752.25Subtotal and Average 1 0.203 Local Agency Invstmnt Fund-Housing 1Local Agency Inv Fund1113 10,595,773.49 10,595,773.49 0.20310,596,651.37 125-33-005 0.203 10,595,773.49 110,596,651.3710,595,773.4910,592,861.44Subtotal and Average 1 0.203 Money Market/Mutual Funds 1Dreyfus12940.00 0.0007/01/2021 0.00 1X9USDDTP3 0.000 0.00 00.000.000.00Subtotal and Average 0 0.000 Money Market Accounts - CAMP 1California Asset Management Pr1153 855,558.44 855,558.44 0.05009/26/2018 855,558.44 1SYS1153 0.050 855,558.44 1855,558.44855,558.44855,522.46Subtotal and Average 1 0.050 Federal Agency Coupon Securities 309Federal National Mtg Assn1233 1,000,000.00 992,100.00 09/06/20221.37510/29/2019 1,010,530.00 1,0433135G0W33 1.659 332Federal Farm Credit Bank1247 1,000,000.00 999,217.36 09/29/20221.40002/05/2020 1,011,530.00 9673133EGWJ0 1.430 406Federal Farm Credit Bank1198 500,000.00 499,500.00 12/12/20221.87506/20/2019 509,245.00 1,2713133EKQP4 1.905 543Federal Farm Credit Bank1340 500,000.00 499,002.04 04/28/20230.17010/22/2021 498,630.00 5533133EMX64 0.302 651Federal Farm Credit Bank1223 500,000.00 499,400.00 08/14/20231.60009/12/2019 510,000.00 1,4323133EKZK5 1.632 673Federal Farm Credit Bank1158 250,000.00 247,275.00 09/05/20232.80010/15/2018 260,557.50 1,7863133EJYL7 3.041 730Federal Farm Credit Bank1234 1,000,000.00 996,900.00 11/01/20231.60011/01/2019 1,020,810.00 1,4613133EK4X1 1.680 834Federal Home Loan Bank1177 500,000.00 498,550.00 02/13/20242.50003/01/2019 522,115.00 1,8103130AFW94 2.563 835Federal Farm Credit Bank1246 1,000,000.00 999,000.00 02/14/20241.43002/14/2020 1,018,010.00 1,4613133ELNE0 1.456 974Federal National Mtg Assn1206 500,000.00 495,950.00 07/02/20241.75007/15/2019 514,170.00 1,8143135G0V75 1.922 998Federal Farm Credit Bank1212 500,000.00 499,500.00 07/26/20241.85008/02/2019 514,935.00 1,8203133EKWV4 1.871 Portfolio CITY CP Run Date: 02/17/2022 - 13:19 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 October 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Federal Agency Coupon Securities 1,051Federal Farm Credit Bank1224 500,000.00 498,750.00 09/17/20241.60009/17/2019 511,675.00 1,8273133EKP75 1.652 1,051Federal Farm Credit Bank1242 1,000,000.00 998,600.00 09/17/20241.70012/17/2019 1,026,190.00 1,7363133ELEA8 1.731 1,113Federal National Mtg Assn1291 500,000.00 499,250.00 11/18/20240.42011/18/2020 495,480.00 1,4613135G06E8 0.458 1,155Federal National Mtg Assn1300 500,000.00 500,000.00 12/30/20240.40012/30/2020 495,445.00 1,4613135GAAW1 0.400 1,303Federal Home Loan Mtg Corp1279 1,000,000.00 1,000,000.00 05/27/20250.62505/27/2020 989,940.00 1,8263134GVYG7 0.625 1,316Federal Farm Credit Bank1280 500,000.00 499,850.00 06/09/20250.50006/09/2020 492,815.00 1,8263133ELH23 0.506 1,317Federal Farm Credit Bank1282 500,000.00 500,000.00 06/10/20250.68006/10/2020 496,385.00 1,8263133ELH80 0.680 1,320Federal Home Loan Bank1281 500,000.00 499,850.00 06/13/20250.50006/03/2020 491,615.00 1,8363130AJKW8 0.506 1,337Federal Home Loan Bank1283 300,000.00 300,000.00 06/30/20250.68006/30/2020 296,481.00 1,8263130AJRP6 0.680 1,358Federal Home Loan Mtg Corp1297 1,000,000.00 997,300.00 07/21/20250.37512/07/2020 978,820.00 1,6873137EAEU9 0.434 1,382Federal National Mtg Assn1288 500,000.00 500,000.00 08/14/20250.50008/14/2020 493,425.00 1,8263135G05S8 0.500 1,386Federal National Mtg Assn1290 500,000.00 499,750.00 08/18/20250.52008/28/2020 494,030.00 1,8163136G4M75 0.530 1,389Federal National Mtg Assn1289 1,000,000.00 1,000,000.00 08/21/20250.56008/21/2020 984,170.00 1,8263136G4N74 0.560 1,422Federal Home Loan Mtg Corp1307 500,000.00 495,999.50 09/23/20250.37502/23/2021 487,805.00 1,6733137EAEX3 0.552 1,422Federal Home Loan Mtg Corp1310 1,000,000.00 983,940.00 09/23/20250.37503/30/2021 975,610.00 1,6383137EAEX3 0.740 1,477Federal National Mtg Assn1292 500,000.00 499,250.00 11/17/20250.56011/17/2020 492,660.00 1,8263135GA2Z3 0.590 1,502Federal Home Loan Bank1298 500,000.00 497,400.00 12/12/20250.37512/07/2020 486,020.00 1,8313130AKFA9 0.480 1,513Federal National Mtg Assn1299 500,000.00 500,000.00 12/23/20250.60012/23/2020 492,760.00 1,8263135GA7D7 0.600 1,520Federal Home Loan Mtg Corp1301 500,000.00 500,000.00 12/30/20250.55012/30/2020 493,190.00 1,8263134GXGZ1 0.550 1,535Federal Home Loan Bank1302 500,000.00 500,000.00 01/14/20260.51001/14/2021 490,585.00 1,8263130AKMZ6 0.510 1,550Federal Home Loan Bank1304 500,000.00 500,000.00 01/29/20260.55001/29/2021 490,995.00 1,8263130AKN28 0.550 1,610Federal Home Loan Bank1312 500,000.00 500,000.00 03/30/20260.50003/30/2021 497,860.00 1,8263130ALV92 0.938 1,684Federal Home Loan Bank1324 1,000,000.00 993,420.00 06/12/20260.75006/17/2021 983,150.00 1,8213130AMFS6 0.885 1,743Federal Farm Credit Bank1330 500,000.00 498,000.00 08/10/20260.71008/10/2021 489,725.00 1,8263133EM2C5 0.792 1,774Federal Farm Credit Bank1338 1,000,000.00 991,080.00 09/10/20260.80009/28/2021 983,020.00 1,8083133EM4X7 0.985 1,794Federal Home Loan Bank1337 1,000,000.00 999,000.00 09/30/20261.00009/30/2021 989,430.00 1,8263130APBM6 1.021 1,807Federal Home Loan Bank1339 1,000,000.00 998,250.00 10/13/20260.95010/13/2021 987,890.00 1,8263130APB46 0.986 24,976,083.90 1,65124,977,703.5025,050,000.0024,251,630.91Subtotal and Average 1,218 1.024 Treasury Coupon Securities 195U.S. Treasury1192 500,000.00 496,650.00 05/15/20221.75005/31/2019 504,455.00 1,080912828SV3 1.984 333U.S. Treasury1178 500,000.00 489,687.50 09/30/20221.87503/01/2019 507,850.00 1,3099128282W9 2.480 637U.S. Treasury1341 500,000.00 497,792.97 07/31/20230.12510/22/2021 497,305.00 64791282CCN9 0.375 698U.S. Treasury1217 500,000.00 499,300.00 09/30/20231.37508/21/2019 508,455.00 1,501912828T26 1.410 805U.S. Treasury1342 1,000,000.00 991,000.00 01/15/20240.12510/22/2021 990,040.00 81591282CBE0 0.531 Portfolio CITY CP Run Date: 02/17/2022 - 13:19 PM (PRF_PM2) 7.3.0 Days to Maturity Page 3 Par Value Book Value Maturity Date Stated RateMarket Value October 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Treasury Coupon Securities 1,079U.S. Treasury1343 1,000,000.00 996,320.00 10/15/20240.62510/22/2021 996,090.00 1,08991282CDB4 0.750 1,125U.S. Treasury1241 1,000,000.00 989,687.50 11/30/20241.50012/16/2019 1,021,450.00 1,811912828YV6 1.718 1,460U.S. Treasury1311 1,000,000.00 977,500.00 10/31/20250.25003/30/2021 969,020.00 1,67691282CAT8 0.750 1,490U.S. Treasury1315 500,000.00 492,187.50 11/30/20250.37504/22/2021 486,230.00 1,68391282CAZ4 0.720 1,521U.S. Treasury1303 500,000.00 498,632.81 12/31/20250.37501/07/2021 485,685.00 1,81991282CBC4 0.431 1,552U.S. Treasury1309 500,000.00 495,100.00 01/31/20260.37502/23/2021 485,020.00 1,80391282CBH3 0.577 1,580U.S. Treasury1319 500,000.00 494,165.00 02/28/20260.50005/28/2021 487,245.00 1,73791282CBQ3 0.750 1,611U.S. Treasury1320 500,000.00 499,525.00 03/31/20260.75005/28/2021 491,975.00 1,76891282CBT7 0.770 1,611U.S. Treasury1322 500,000.00 498,450.00 03/31/20260.75006/17/2021 491,975.00 1,74891282CBT7 0.816 1,672U.S. Treasury1321 1,000,000.00 997,060.00 05/31/20260.75006/01/2021 982,500.00 1,82591282CCF6 0.810 1,672U.S. Treasury1323 500,000.00 497,095.00 05/31/20260.75006/17/2021 491,250.00 1,80991282CCF6 0.870 1,733U.S. Treasury1335 1,000,000.00 983,750.00 07/31/20260.62509/29/2021 974,920.00 1,76691282CCP4 0.970 1,764U.S. Treasury1336 1,000,000.00 988,500.00 08/31/20260.75009/29/2021 980,160.00 1,79791282CCW9 0.990 12,382,403.28 1,53812,351,625.0012,500,000.0012,579,068.69Subtotal and Average 1,287 0.968 Certificate of Deposits 16First Source Bank1168 245,000.00 245,000.00 11/17/20213.15012/17/2018 245,392.86 1,06633646CKP8 3.153 21Belmont Savings Bank1102 245,000.00 245,000.00 11/22/20212.10011/21/2017 245,325.00 1,462080515CD9 2.101 21TNB Bank1187 248,000.00 248,000.00 11/22/20212.40005/22/2019 248,378.58 91587266AAA1 2.407 50Neighbors FCU1167 245,000.00 245,000.00 12/21/20213.20012/21/2018 246,113.91 1,09664017AAQ7 3.203 51United Credit Union1214 248,000.00 248,000.00 12/22/20212.00008/22/2019 248,702.99 853910160AH3 2.003 79The Ohio Valley Bank1089 240,000.00 240,000.00 01/19/20221.90007/19/2017 240,967.40 1,645677721CN0 1.903 91Third Federal Savings and Loan1112 245,000.00 245,000.00 01/31/20222.50001/30/2018 246,482.74 1,46288413QBY3 2.502 92Discover Bank Greenwood DE CF1066 240,000.00 240,000.00 02/01/20222.25002/01/2017 241,322.54 1,8262546722U1 2.251 119Maine Savings FCU1171 248,000.00 248,000.00 02/28/20223.30012/28/2018 250,638.10 1,158560507AK1 3.306 137Luana Savings Bank1225 245,000.00 245,000.00 03/18/20221.60009/18/2019 246,351.68 912549104JN8 1.599 149Bellco Credit Union1264 248,000.00 248,000.00 03/30/20221.30003/31/2020 249,151.24 72907833EAD9 1.300 150Cadence Bank, NA1259 245,000.00 245,000.00 03/31/20221.20003/31/2020 246,040.16 73012738RFX7 1.200 150Bank of Santa Clarita1261 248,000.00 248,000.00 03/31/20221.10003/31/2020 248,948.12 73006424KBC3 1.100 179Farmers Insurance Group FCU1126 240,000.00 240,000.00 04/29/20222.80004/30/2018 243,152.81 1,46030960QAG2 2.802 197Kansas State Bank1101 245,000.00 245,000.00 05/17/20222.10011/17/2017 247,584.45 1,64250116CBE8 2.099 219PCSB Bank1149 245,000.00 245,000.00 06/08/20223.00006/08/2018 249,212.11 1,46169324MAD7 3.002 220Synovus Bank1253 245,000.00 245,000.00 06/09/20221.60003/09/2020 247,106.82 82287164DRD4 1.602 224Allegiance Bank1143 245,000.00 245,000.00 06/13/20223.10006/13/2018 249,458.92 1,46101748DBE5 3.102 239America's Credit Union1200 248,000.00 248,000.00 06/28/20222.30006/28/2019 251,481.49 1,09603065AAL7 2.302 Portfolio CITY CP Run Date: 02/17/2022 - 13:19 PM (PRF_PM2) 7.3.0 Days to Maturity Page 4 Par Value Book Value Maturity Date Stated RateMarket Value October 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 280Traditions Bank1148 245,000.00 245,000.00 08/08/20223.00006/08/2018 250,329.59 1,52289269CBX9 3.002 295CIT Bank NA1219 245,000.00 245,000.00 08/23/20221.90008/23/2019 248,381.30 1,09612556LBA3 1.902 301American Express Fed Savings B1096 240,000.00 240,000.00 08/29/20222.40008/29/2017 244,300.23 1,82602587CFU9 2.402 301Sterling Bank1201 245,000.00 245,000.00 08/29/20222.15006/28/2019 248,873.59 1,15885916VDC6 2.153 346Alliance Credit Union1095 245,000.00 245,000.00 10/13/20222.25010/13/2017 249,580.22 1,82601859BAA3 2.251 358Barclays Bank1097 240,000.00 240,000.00 10/25/20222.30010/25/2017 244,760.97 1,82606740KLJ4 2.291 361Merrick Bank1163 248,000.00 248,000.00 10/28/20223.25010/30/2018 255,341.90 1,45959013J4K2 3.252 372Mountain America Federal CU1099 245,000.00 245,000.00 11/08/20222.30011/08/2017 249,938.43 1,82662384RAC0 2.301 382CrossFirst Bank1106 245,000.00 245,000.00 11/18/20222.20011/20/2017 249,808.39 1,82422766ACB9 2.201 392Enterprise Bank, NA1107 245,000.00 245,000.00 11/28/20222.15011/28/2017 249,798.93 1,82629367QCP1 2.151 401Medallion Bank1169 248,000.00 248,000.00 12/07/20223.40012/07/2018 256,363.11 1,46158404DCX7 3.402 401Red Rocks Credit Union1166 248,000.00 248,000.00 12/07/20223.35012/07/2018 256,224.28 1,46175701LAB3 3.352 423Knoxville TVA Credit Union1110 245,000.00 245,000.00 12/29/20222.40012/29/2017 250,739.74 1,826499724AB8 2.401 424Kern FCU1239 248,000.00 248,000.00 12/30/20221.90012/30/2019 252,276.76 1,09649228XAK6 1.902 424San Francisco FCU1240 248,000.00 248,000.00 12/30/20221.85012/30/2019 252,130.10 1,09679772FAC0 1.852 455Wells Fargo Natl Bank West1244 248,000.00 248,000.00 01/30/20231.90001/29/2020 252,500.63 1,097949495AT2 1.900 477Servisfirst Bank1254 248,000.00 248,000.00 02/21/20231.60002/21/2020 251,817.13 1,09681768PAF3 1.601 484Verus Bank of Commerce1180 248,000.00 248,000.00 02/28/20232.70002/28/2019 255,551.33 1,46192535LCD4 2.700 506Aneca Federal Credit Union1119 245,000.00 245,000.00 03/22/20232.80003/22/2018 253,037.66 1,826034577AH9 2.802 515Northstar Bank1263 248,000.00 248,000.00 03/31/20231.15003/31/2020 250,228.52 1,09566704MEQ0 1.150 515West Michigan Cmnty Bk1265 248,000.00 248,000.00 03/31/20231.15003/31/2020 250,228.52 1,095954444BS3 1.150 526Citibank NA1123 245,000.00 245,000.00 04/11/20232.90004/11/2018 253,612.02 1,82617312QJ26 2.902 543Congressional Bank1189 248,000.00 248,000.00 04/28/20232.50004/30/2019 255,507.86 1,45920726ABA5 2.502 543EnerBank USA1125 240,000.00 240,000.00 04/28/20232.95004/30/2018 248,897.18 1,82429278TAY6 2.952 550First National Bank1179 248,000.00 248,000.00 05/05/20232.80003/05/2019 256,637.68 1,52232117BCX4 2.802 583Pittsfield Cooperative Bank1194 245,000.00 245,000.00 06/07/20232.50006/07/2019 252,730.39 1,461725404AB3 2.502 596Morton Community1173 248,000.00 248,000.00 06/20/20232.75003/20/2019 257,034.64 1,553619165JD6 2.753 596RCB Bank1144 245,000.00 245,000.00 06/20/20233.15006/20/2018 255,548.14 1,82674934YAH4 3.152 602American First CU1285 248,000.00 248,000.00 06/26/20230.35006/26/2020 247,170.47 1,09502616AAH2 0.350 625American National Bank1205 248,000.00 248,000.00 07/19/20232.00007/19/2019 254,123.82 1,46102772JBD1 2.001 626First National Bank of America1147 245,000.00 245,000.00 07/20/20233.15007/20/2018 255,956.20 1,82632110YLK9 3.152 637Bank of New England1151 249,000.00 249,000.00 07/31/20233.25007/31/2018 260,525.59 1,82606426KAN8 3.252 660Raymond James Bank1218 244,000.00 244,000.00 08/23/20231.95008/23/2019 250,004.68 1,46175472RAD3 1.951 697Triad Bank1262 248,000.00 248,000.00 09/29/20231.35003/30/2020 251,314.81 1,27889579NCD3 1.352 715Cache Valley BK F/K/A Marlin1155 248,000.00 248,000.00 10/17/20233.30010/17/2018 260,978.90 1,82657116ARV2 3.302 715Municipal Trust and Savings1160 245,000.00 245,000.00 10/17/20233.20010/17/2018 257,336.59 1,826625925AR3 3.202 Portfolio CITY CP Run Date: 02/17/2022 - 13:19 PM (PRF_PM2) 7.3.0 Days to Maturity Page 5 Par Value Book Value Maturity Date Stated RateMarket Value October 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 715UBS Bank USA1161 245,000.00 245,000.00 10/17/20233.35010/17/2018 258,064.55 1,82690348JEJ5 3.352 717Jefferson Financial CU1154 245,000.00 245,000.00 10/19/20233.35010/19/2018 258,082.29 1,826474067AQ8 3.352 744Commercial Bank1162 248,000.00 248,000.00 11/15/20233.40011/15/2018 261,868.51 1,82620143PDV9 3.402 757Numerica Credit Union1164 248,000.00 248,000.00 11/28/20233.55011/28/2018 262,887.64 1,82667054NAN3 3.552 780National Cooperative Bank, N.A1170 245,000.00 245,000.00 12/21/20233.40012/21/2018 259,207.90 1,826635573AL2 3.402 788Bar Harbor Bank and Trust1172 248,000.00 248,000.00 12/29/20233.35012/31/2018 262,152.89 1,824066851WJ1 3.352 819Lakeside Bank1208 248,000.00 248,000.00 01/29/20242.00007/30/2019 254,993.08 1,64451210SQU4 2.003 833Rollstone B&T1251 245,000.00 245,000.00 02/12/20241.65002/12/2020 250,042.39 1,46177579ADF0 1.651 834Northwest Bank1181 248,000.00 248,000.00 02/13/20242.95002/13/2019 260,547.76 1,82666736ABP3 2.951 848Wells Fargo1174 248,000.00 248,000.00 02/27/20243.00002/27/2019 261,046.26 1,826949763XY7 3.001 878Texas Bank Financial1260 245,000.00 245,000.00 03/28/20241.10003/31/2020 246,913.94 1,458882213AB7 1.101 896The Jefferson Bank1272 248,000.00 248,000.00 04/15/20241.25004/15/2020 250,758.29 1,461472382AQ3 1.251 897Belmont Bank and Trust1270 248,000.00 248,000.00 04/16/20241.25004/16/2020 250,761.32 1,46108016PDQ9 1.251 897Pacific Western Bank1269 245,000.00 245,000.00 04/16/20241.30004/16/2020 248,025.65 1,46169506YRH4 1.301 907Main Street Bank1188 248,000.00 248,000.00 04/26/20242.60004/26/2019 259,166.91 1,82756065GAG3 2.603 926First Service Bank1231 248,000.00 248,000.00 05/15/20241.70011/15/2019 253,551.47 1,64333640VDD7 1.701 927JP Morgan Chase1185 245,000.00 245,000.00 05/16/20243.25005/16/2019 260,182.66 1,82748128HXU7 3.254 934Iowa State Bank1186 245,000.00 245,000.00 05/23/20242.40005/23/2019 254,927.80 1,82746256YAZ2 2.403 939Live Oak Bank1238 248,000.00 248,000.00 05/28/20241.80011/27/2019 254,270.13 1,644538036GV0 1.802 940Century Next Bank1184 248,000.00 248,000.00 05/29/20242.50005/29/2019 258,622.81 1,827156634AK3 2.503 949Plains Commerce Bank1195 245,000.00 245,000.00 06/07/20242.55006/07/2019 255,892.81 1,82772651LCL6 2.553 954Evansville Teachers Credit FCU1196 248,000.00 248,000.00 06/12/20242.60006/12/2019 259,430.37 1,827299547AQ2 2.603 961Legacy Bank1197 248,000.00 248,000.00 06/19/20242.40006/19/2019 258,200.26 1,827524661CB9 2.403 963Citizens State Bank1199 248,000.00 248,000.00 06/21/20242.40006/21/2019 258,221.19 1,827176688CP2 2.403 970Communitywide FCU1202 248,000.00 248,000.00 06/28/20242.25006/28/2019 257,300.78 1,82720416TAQ5 2.253 970Revere Bank1203 247,000.00 247,000.00 06/28/20242.30006/28/2019 256,574.38 1,827761402BY1 2.303 998Abacus Federal Savings1207 248,000.00 248,000.00 07/26/20241.95007/26/2019 255,362.30 1,82700257TBD7 1.952 1,002First Security Bank of WA1209 248,000.00 248,000.00 07/30/20242.00007/30/2019 255,413.85 1,82733625CCP2 2.002 1,003People's Bank1210 248,000.00 248,000.00 07/31/20242.00007/31/2019 255,421.12 1,827710571DS6 2.002 1,019Preferred Bank1213 249,000.00 249,000.00 08/16/20242.00008/16/2019 256,730.99 1,827740367HP5 2.002 1,026FirsTier Bank1216 249,000.00 249,000.00 08/23/20241.95008/23/2019 256,432.06 1,82733766LAJ7 1.952 1,026Washington Federal1215 248,000.00 248,000.00 08/23/20242.00008/23/2019 255,752.04 1,827938828BH2 2.002 1,033First State Bk DeQueen1222 248,000.00 248,000.00 08/30/20241.80008/30/2019 254,067.33 1,827336460CX6 1.802 1,033First Natl Bk of Syracuse1221 249,000.00 249,000.00 08/30/20241.85008/30/2019 255,445.14 1,827334342CD2 1.852 1,033Celtic Bank1220 248,000.00 248,000.00 08/30/20241.85008/30/2019 254,419.26 1,82715118RRH2 1.852 1,044BMW Bank1333 245,000.00 245,000.00 09/10/20240.65009/10/2021 243,140.06 1,09605580AD50 0.651 Portfolio CITY CP Run Date: 02/17/2022 - 13:19 PM (PRF_PM2) 7.3.0 Days to Maturity Page 6 Par Value Book Value Maturity Date Stated RateMarket Value October 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 1,061BankWest Inc1227 248,000.00 248,000.00 09/27/20241.70009/27/2019 253,674.59 1,82706652CHB0 1.702 1,089Southern Bancorp Bk1286 248,000.00 248,000.00 10/25/20240.50006/26/2020 244,752.76 1,58284223QAN7 0.500 1,102Sauk Valley B&T Co1235 248,000.00 248,000.00 11/07/20241.70011/07/2019 253,541.00 1,827804375DL4 1.702 1,115Morgan Stanley Bank1237 245,000.00 245,000.00 11/20/20241.95011/20/2019 252,395.03 1,82761690UNX4 1.952 1,115Morgan Stanley Private Bk, NA1236 245,000.00 245,000.00 11/20/20241.90011/20/2019 252,021.14 1,82761760A3B3 1.902 1,155Bank Princeton1287 248,000.00 248,000.00 12/30/20240.50006/30/2020 244,060.86 1,644064520BG3 0.500 1,179Transportation Alliance Bk TAB1328 248,000.00 248,000.00 01/23/20250.40007/23/2021 243,290.85 1,28089388CEY0 0.401 1,185Bank OZK1329 248,000.00 248,000.00 01/29/20250.40007/29/2021 243,155.82 1,28006417NZQ9 0.401 1,194United Community1249 248,000.00 248,000.00 02/07/20251.65002/07/2020 253,253.13 1,82790983WBT7 1.652 1,201First National Bank Michigan1250 248,000.00 248,000.00 02/14/20251.65002/14/2020 253,283.33 1,82732114VBT3 1.652 1,201Freedom Financial1248 248,000.00 248,000.00 02/14/20251.55002/14/2020 252,468.00 1,82735637RDC8 1.552 1,208American State1255 248,000.00 248,000.00 02/21/20251.60002/21/2020 252,903.55 1,827029728BC5 1.602 1,214Citadel FCU1252 248,000.00 248,000.00 02/27/20251.65002/27/2020 253,339.46 1,82717286TAG0 1.652 1,228Access Bank1256 248,000.00 248,000.00 03/13/20251.60003/13/2020 252,873.71 1,82600435JBH5 1.601 1,235Spring Bank1257 248,000.00 248,000.00 03/20/20251.50003/20/2020 252,063.18 1,826849430BF9 1.501 1,241Axos Bank1258 248,000.00 248,000.00 03/26/20251.65003/26/2020 253,345.21 1,82605465DAE8 1.651 1,243Alma Bank1267 248,000.00 248,000.00 03/28/20251.40003/30/2020 251,245.92 1,824020080BX4 1.399 1,246Commonwealth Business Bk1268 248,000.00 248,000.00 03/31/20251.25003/31/2020 249,756.94 1,8262027506M2 1.251 1,246Nicolet Natl Bank1266 248,000.00 248,000.00 03/31/20251.40003/31/2020 251,023.98 1,826654062JZ2 1.401 1,254Capital One USA FDIC339541271 245,000.00 245,000.00 04/08/20251.60004/08/2020 249,784.84 1,82614042TDD6 1.601 1,274First Natl Bk McGregor1274 248,000.00 248,000.00 04/28/20251.35004/28/2020 250,771.76 1,82632112UDR9 1.351 1,275First Freedom Bank1273 249,000.00 249,000.00 04/29/20251.20004/29/2020 250,370.53 1,82632027BAL1 1.201 1,276Flagstar1276248,000.00 248,000.00 04/30/20251.25004/30/2020 249,681.83 1,82633847E3A3 1.251 1,2881st Internet Bank1278 248,000.00 248,000.00 05/12/20251.00005/11/2020 247,633.47 1,82732056GDJ6 0.985 1,289Western State Bank1277 245,000.00 245,000.00 05/13/20251.00005/13/2020 244,637.95 1,82695960NKD8 1.001 1,331Chippewa Valley Bk1284 248,000.00 248,000.00 06/24/20250.60006/24/2020 243,901.10 1,826169894AS1 0.600 1,401Pentagon FCU1331 249,000.00 249,000.00 09/02/20250.70009/01/2021 245,237.16 1,46270962LAF9 0.687 1,543Landmark Community Bank1305 248,000.00 248,000.00 01/22/20260.50001/22/2021 241,340.87 1,82651507LCC6 0.500 1,564TIAA FKA EverBank1306 245,000.00 245,000.00 02/12/20260.50002/12/2021 238,256.56 1,82687270LDL4 0.500 1,627Greenstate FCU1313 249,000.00 249,000.00 04/16/20260.95004/16/2021 246,596.26 1,82639573LBC1 0.951 1,633Toyota Financial Savings Bank1314 245,000.00 245,000.00 04/22/20260.90004/22/2021 242,091.26 1,82689235MKY6 0.900 1,638Carter FCU1316 248,000.00 248,000.00 04/27/20260.75004/27/2021 243,389.54 1,82614622LAA0 0.750 1,641Fidelity Homestead1317 248,000.00 248,000.00 04/30/20260.70004/30/2021 242,633.99 1,82631617CAV5 0.711 1,702Vibrant Credit Union1325 249,000.00 248,377.50 06/30/20260.80007/02/2021 244,348.54 1,82492559TAJ7 0.852 1,730Goldman Sachs1326 248,000.00 248,000.00 07/28/20261.00007/28/2021 245,719.20 1,82638149MXK4 1.001 1,730Sallie Mae Bank Salt Lake CIty1327 248,000.00 248,000.00 07/28/20261.00007/28/2021 245,719.20 1,826795451AF0 1.001 Portfolio CITY CP Run Date: 02/17/2022 - 13:19 PM (PRF_PM2) 7.3.0 Days to Maturity Page 7 Par Value Book Value Maturity Date Stated RateMarket Value October 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 1,767Synchrony Bank Retail1332 245,000.00 245,000.00 09/03/20260.90009/03/2021 241,325.97 1,82687165ET98 0.900 1,788Connect One1334 248,000.00 248,000.00 09/24/20260.80009/24/2021 243,033.85 1,82620786ADL6 0.800 31,823,377.50 1,60932,414,202.7531,824,000.0032,016,925.89Subtotal and Average 809 1.971 Corporate Notes 97Proctor and Gamble1159 500,000.00 487,950.00 02/06/20222.30010/15/2018 502,735.00 1,210742718DY2 3.071 409Wal-Mart Stores, Inc1190 500,000.00 496,650.00 12/15/20222.35004/16/2019 510,420.00 1,339931142DU4 2.799 457Colgate-Palmolive1175 500,000.00 485,250.00 02/01/20231.95003/04/2019 509,700.00 1,43019416QEA4 2.751 645Microsoft Corporation1157 400,000.00 378,360.00 08/08/20232.00010/15/2018 409,840.00 1,758594918BQ6 3.222 1,578International Finance Corp.1308 500,000.00 497,300.00 02/26/20260.50002/26/2021 488,790.00 1,82645950VPS9 0.610 2,345,510.00 1,5022,421,485.002,400,000.002,345,510.00Subtotal and Average 640 2.450 Money Market with Fiscal Agent 1US Bank1058 1,437.47 1,437.4707/01/2016 1,437.47 1SYS1058 0.000 1,437.47 11,437.471,437.471,437.46Subtotal and Average 1 0.000 CERBT - OPEB Trust 1CalPERS CERBT Plan1114 2,047,746.82 2,047,746.8207/01/2021 2,047,746.82 1SYS1114 0.000 2,047,746.82 12,047,746.822,047,746.822,047,746.82Subtotal and Average 1 0.000 PARS Pension Trust 1Pblc Agncy Rtrmnt Serv1230 11,516,891.60 11,516,891.6011,516,891.60 1SYS1230 0.000 11,516,891.60 111,516,891.6011,516,891.6011,343,427.21Subtotal and Average 1 0.000 654177,440,778.37 176,267,936.05 419 0.697176,665,383.36 176,021,310.73Total and Average Portfolio CITY CP Run Date: 02/17/2022 - 13:19 PM (PRF_PM2) 7.3.0 City of La Quinta Total Earnings City of La Quinta - Sorted by Fund - Fund October 1, 2021 - October 31, 2021 Current Rate Ending Par Value Ending Fund Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted InterestAnnualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 71,519,640.72105571,519,640.72 0.203LAIF 13,871.29 0.00 13,871.290.22810171,477,816.2598-33-434 0.00 3,300.0010593,300.00CITYPC 0.00 0.00 0.001013,300.00SYS1059 0.00 240,000.001066240,000.00 2.250DISCOV 458.63 0.00 458.632.250101240,000.002546722U1 0.00 0.0010700.00 1.250USTR 2,038.04 0.00 59,238.0437.0971011,942,800.00912828T67 57,200.00 240,000.001089240,000.00 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 0.00 240,000.001097240,000.00 2.300BARCLY 468.82 0.00 468.822.300101240,000.0006740KLJ4 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 436.98 0.00 436.982.100101245,000.00080515CD9 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 0.00 245,000.001110245,000.00 2.400KNOX 499.40 0.00 499.402.400101245,000.00499724AB8 0.00 245,000.001112245,000.00 2.5003RD 520.21 0.00 520.212.500101245,000.0088413QBY3 0.00 2,047,746.8211142,047,746.82CALPRS 0.00 0.00 0.001012,047,746.82SYS1114 0.00 245,000.001119245,000.00 2.800ANECA 582.63 0.00 582.632.800101245,000.00034577AH9 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 0.0011270.00 2.700NORPNT 461.59 0.00 461.592.700101240,000.00666613GV0 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 0.00 249,000.001151249,000.00 3.250NWENGL 687.31 0.00 687.313.250101249,000.0006426KAN8 0.00 855,558.441153855,558.44 0.050CAMP 37.18 0.00 37.180.051101855,521.26SYS1153 0.00 245,000.001154245,000.00 3.350JEFF 697.07 0.00 697.073.350101245,000.00474067AQ8 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:49 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 AccretionAmortization/EarningsAdjusted Interest October 1, 2021 - October 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 248,000.001155248,000.00 3.300MARBUS 695.08 0.00 695.083.300101248,000.0057116ARV2 0.00 378,360.001157400,000.00 2.000MCRSFT 666.66 0.00 666.662.075101378,360.00594918BQ6 0.00 247,275.001158250,000.00 2.800FFCB 583.33 0.00 583.332.778101247,275.003133EJYL7 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 0.00 248,000.001163248,000.00 3.250MRRCK 684.55 0.00 684.553.250101248,000.0059013J4K2 0.00 248,000.001164248,000.00 3.550NMRCA 747.74 0.00 747.743.550101248,000.0067054NAN3 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 0.00 245,000.001168245,000.00 3.1501STSRC 655.46 0.00 655.463.150101245,000.0033646CKP8 0.00 248,000.001169248,000.00 3.400MEDBA 716.14 0.00 716.143.400101248,000.0058404DCX7 0.00 245,000.001170245,000.00 3.400NLCOOP 707.47 0.00 707.473.400101245,000.00635573AL2 0.00 248,000.001171248,000.00 3.300MAINE 695.09 0.00 695.093.300101248,000.00560507AK1 0.00 248,000.001172248,000.00 3.350BARHAR 705.61 0.00 705.613.350101248,000.00066851WJ1 0.00 248,000.001173248,000.00 2.750MORTN 579.23 0.00 579.232.750101248,000.00619165JD6 0.00 248,000.001174248,000.00 3.000WELLS 631.89 0.00 631.893.000101248,000.00949763XY7 0.00 485,250.001175500,000.00 1.950COLGTE 812.50 0.00 812.501.971101485,250.0019416QEA4 0.00 498,550.001177500,000.00 2.500FHLB 1,041.66 0.00 1,041.662.460101498,550.003130AFW94 0.00 489,687.501178500,000.00 1.875USTR 798.42 0.00 798.421.920101489,687.509128282W9 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 979.17 0.00 979.172.321101496,650.00931142DU4 0.00 496,650.001192500,000.00 1.750USTR 737.09 0.00 737.091.747101496,650.00912828SV3 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 0.00 499,500.001198500,000.00 1.875FFCB 781.25 0.00 781.251.842101499,500.003133EKQP4 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:49 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 AccretionAmortization/EarningsAdjusted Interest October 1, 2021 - October 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 248,000.001199248,000.00 2.400CTZNST 505.52 0.00 505.522.400101248,000.00176688CP2 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 0.00 495,950.001206500,000.00 1.750FNMA 729.17 0.00 729.171.731101495,950.003135G0V75 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 0.00 499,500.001212500,000.00 1.850FFCB 770.83 0.00 770.831.817101499,500.003133EKWV4 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 0.00 499,300.001217500,000.00 1.375USTR 585.51 0.00 585.511.381101499,300.00912828T26 0.00 244,000.001218244,000.00 1.950RAYJAM 404.10 0.00 404.101.950101244,000.0075472RAD3 0.00 245,000.001219245,000.00 1.900CITBNK 395.36 0.00 395.361.900101245,000.0012556LBA3 0.00 248,000.001220248,000.00 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 0.00 499,400.001223500,000.00 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 0.00 245,000.001225245,000.00 1.600LUANA 332.93 0.00 332.931.600101245,000.00549104JN8 0.00 248,000.001227248,000.00 1.700BNKWST 358.07 0.00 358.071.700101248,000.0006652CHB0 0.00 3,189,065.9312283,189,065.93BOTW 0.01 0.00 0.011017,637,650.48059731851 0.00 11,516,891.60123011,516,891.60PARS 0.00 0.00 0.0010111,337,645.06SYS1230 0.00 248,000.001231248,000.00 1.7001STSER 358.07 0.00 358.071.700101248,000.0033640VDD7 0.00 992,100.0012331,000,000.00 1.375FNMA 1,145.83 0.00 1,145.831.360101992,100.003135G0W33 0.00 996,900.0012341,000,000.00 1.600FFCB 1,333.33 0.00 1,333.331.575101996,900.003133EK4X1 0.00 248,000.001235248,000.00 1.700SAUKVL 358.07 0.00 358.071.700101248,000.00804375DL4 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 0.00 248,000.001238248,000.00 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 Portfolio CITY CP Run Date: 02/17/2022 - 15:49 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 AccretionAmortization/EarningsAdjusted Interest October 1, 2021 - October 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 989,687.5012411,000,000.00 1.500USTR 1,270.50 0.00 1,270.501.511101989,687.50912828YV6 0.00 998,600.0012421,000,000.00 1.700FFCB 1,416.67 0.00 1,416.671.670101998,600.003133ELEA8 0.00 248,000.001244248,000.00 1.900WFNBW 400.20 0.00 400.201.900101248,000.00949495AT2 0.00 999,000.0012461,000,000.00 1.430FFCB 1,191.67 0.00 1,191.671.404101999,000.003133ELNE0 0.00 999,217.3612471,000,000.00 1.400FFCB 1,166.66 0.00 1,166.661.375101999,217.363133EGWJ0 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 332.94 0.00 332.941.600101245,000.0087164DRD4 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 315.94 0.00 315.941.500101248,000.00849430BF9 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 0.00 245,000.001271245,000.00 1.600CAPONE 332.93 0.00 332.931.600101245,000.0014042TDD6 0.00 248,000.001272248,000.00 1.250THEJEF 263.28 0.00 263.281.250101248,000.00472382AQ3 0.00 249,000.001273249,000.00 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 1,000,000.0012791,000,000.00 0.625FHLMC 520.83 0.00 520.830.6131011,000,000.003134GVYG7 0.00 499,850.001280500,000.00 0.500FFCB 208.33 0.00 208.330.491101499,850.003133ELH23 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:49 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 AccretionAmortization/EarningsAdjusted Interest October 1, 2021 - October 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 499,850.001281500,000.00 0.500FHLB 208.33 0.00 208.330.491101499,850.003130AJKW8 0.00 500,000.001282500,000.00 0.680FFCB 283.34 0.00 283.340.667101500,000.003133ELH80 0.00 300,000.001283300,000.00 0.680FHLB 170.00 0.00 170.000.667101300,000.003130AJRP6 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 0.00 500,000.001288500,000.00 0.500FNMA 208.33 0.00 208.330.491101500,000.003135G05S8 0.00 1,000,000.0012891,000,000.00 0.560FNMA 466.67 0.00 466.670.5491011,000,000.003136G4N74 0.00 499,750.001290500,000.00 0.520FNMA 216.66 0.00 216.660.510101499,750.003136G4M75 0.00 499,250.001291500,000.00 0.420FNMA 175.00 0.00 175.000.413101499,250.003135G06E8 0.00 499,250.001292500,000.00 0.560FNMA 233.34 0.00 233.340.550101499,250.003135GA2Z3 0.00 4,017,708.1312934,017,708.13BNY 0.01 0.00 0.011011,760,868.90SYS1293 0.00 997,300.0012971,000,000.00 0.375FHLMC 312.50 0.00 312.500.369101997,300.003137EAEU9 0.00 497,400.001298500,000.00 0.375FHLB 156.25 0.00 156.250.370101497,400.003130AKFA9 0.00 500,000.001299500,000.00 0.600FNMA 250.00 0.00 250.000.589101500,000.003135GA7D7 0.00 500,000.001300500,000.00 0.400FNMA 166.66 0.00 166.660.392101500,000.003135GAAW1 0.00 500,000.001301500,000.00 0.550FHLMC 229.17 0.00 229.170.540101500,000.003134GXGZ1 0.00 500,000.001302500,000.00 0.510FHLB 212.50 0.00 212.500.500101500,000.003130AKMZ6 0.00 498,632.811303500,000.00 0.375USTR 157.94 0.00 157.940.373101498,632.8191282CBC4 0.00 500,000.001304500,000.00 0.550FHLB 229.17 0.00 229.170.540101500,000.003130AKN28 0.00 248,000.001305248,000.00 0.500LNDMRK 105.32 0.00 105.320.500101248,000.0051507LCC6 0.00 245,000.001306245,000.00 0.500EVRBA 104.04 0.00 104.040.500101245,000.0087270LDL4 0.00 495,999.501307500,000.00 0.375FHLMC 156.25 0.00 156.250.371101495,999.503137EAEX3 0.00 497,300.001308500,000.00 0.500IFC 210.59 0.00 210.590.499101497,300.0045950VPS9 0.00 495,100.001309500,000.00 0.375USTR 157.95 0.00 157.950.376101495,100.0091282CBH3 0.00 983,940.0013101,000,000.00 0.375FHLMC 312.50 0.00 312.500.374101983,940.003137EAEX3 0.00 977,500.0013111,000,000.00 0.250USTR 210.71 0.00 210.710.254101977,500.0091282CAT8 0.00 500,000.001312500,000.00 0.500FHLB 208.34 0.00 208.340.491101500,000.003130ALV92 0.00 249,000.001313249,000.00 0.950GRNST 200.91 0.00 200.910.950101249,000.0039573LBC1 0.00 245,000.001314245,000.00 0.900TOYFSB 187.27 0.00 187.270.900101245,000.0089235MKY6 0.00 492,187.501315500,000.00 0.375USTR 158.81 0.00 158.810.380101492,187.5091282CAZ4 0.00 248,000.001316248,000.00 0.750CARTER 157.97 0.00 157.970.750101248,000.0014622LAA0 0.00 248,000.001317248,000.00 0.700FIDHMS 147.44 0.00 147.440.700101248,000.0031617CAV5 0.00 378,955.531318378,955.53DPME 0.00 0.00 0.00101335,561.64SYS1318 0.00 494,165.001319500,000.00 0.500USTR 214.09 0.00 214.090.510101494,165.0091282CBQ3 0.00 499,525.001320500,000.00 0.750USTR 319.37 0.00 319.370.753101499,525.0091282CBT7 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:49 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 AccretionAmortization/EarningsAdjusted Interest October 1, 2021 - October 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 997,060.0013211,000,000.00 0.750USTR 635.25 0.00 635.250.750101997,060.0091282CCF6 0.00 498,450.001322500,000.00 0.750USTR 319.37 0.00 319.370.754101498,450.0091282CBT7 0.00 497,095.001323500,000.00 0.750USTR 317.62 0.00 317.620.752101497,095.0091282CCF6 0.00 993,420.0013241,000,000.00 0.750FHLB 625.00 0.00 625.000.741101993,420.003130AMFS6 0.00 248,377.501325249,000.00 0.800VIBRNT 169.18 0.00 169.180.802101248,377.5092559TAJ7 0.00 248,000.001326248,000.00 1.000GLDMAN 210.63 0.00 210.631.000101248,000.0038149MXK4 0.00 248,000.001327248,000.00 1.000SALMAE 210.63 0.00 210.631.000101248,000.00795451AF0 0.00 248,000.001328248,000.00 0.400TABBK 84.25 0.00 84.250.400101248,000.0089388CEY0 0.00 248,000.001329248,000.00 0.400BKOZK 84.25 0.00 84.250.400101248,000.0006417NZQ9 0.00 498,000.001330500,000.00 0.710FFCB 295.83 0.00 295.830.699101498,000.003133EM2C5 0.00 249,000.001331249,000.00 0.700PENTGN 148.04 0.00 148.040.700101249,000.0070962LAF9 0.00 245,000.001332245,000.00 0.900SYNCHR 187.28 0.00 187.280.900101245,000.0087165ET98 0.00 245,000.001333245,000.00 0.650BMW 135.26 0.00 135.260.650101245,000.0005580AD50 0.00 248,000.001334248,000.00 0.800CONNEC 168.51 0.00 168.510.800101248,000.0020786ADL6 0.00 983,750.0013351,000,000.00 0.625USTR 526.49 0.00 526.490.630101983,750.0091282CCP4 0.00 988,500.0013361,000,000.00 0.750USTR 642.26 0.00 642.260.765101988,500.0091282CCW9 0.00 999,000.0013371,000,000.00 1.000FHLB 833.33 0.00 833.330.982101999,000.003130APBM6 0.00 991,080.0013381,000,000.00 0.800FFCB 666.66 0.00 666.660.792101991,080.003133EM4X7 0.00 998,250.0013391,000,000.00 0.950FHLB 475.00 0.00 475.000.9141010.003130APB46 0.00 499,002.041340500,000.00 0.170FFCB 21.25 0.00 21.250.1551010.003133EMX64 0.00 497,792.971341500,000.00 0.125USTR 16.99 0.00 16.990.1251010.0091282CCN9 0.00 991,000.0013421,000,000.00 0.125USTR 33.96 0.00 33.960.1251010.0091282CBE0 0.00 996,320.0013431,000,000.00 0.625USTR 171.71 0.00 171.710.6291010.0091282CDB4 0.00 165,302,867.17Subtotal 165,056,241.85 1.110 157,067.410.0099,867.41165,183,920.08 57,200.00 Fund: Fiscal Agent 1,437.4710581,437.47USBANK 0.01 0.00 0.010.0082311,437.46SYS1058 0.00 1,437.47Subtotal 1,437.47 0.008 0.010.000.011,437.46 0.00 Fund: Housing Authority : WSA and LQ 367,857.921062367,857.92LQPR 0.00 0.00 0.00241354,571.06SYS1062 0.00 367,857.92Subtotal 367,857.92 0.000.000.00354,571.06 0.00 Fund: SA Low/Mod Bond Fund 10,595,773.49111310,595,773.49 0.203LAIF 2,055.04 0.00 2,055.040.22824910,589,325.3725-33-005 0.00 10,595,773.49Subtotal 10,595,773.49 0.228 2,055.040.002,055.0410,589,325.37 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:49 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 7 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest October 1, 2021 - October 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss 176,267,936.05Total 176,021,310.73 1.055 159,122.460.00101,922.46176,129,253.97 57,200.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:49 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 November 30, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Bank Accounts 1Bank of New York1293 3,013,755.67 3,013,755.6709/01/2020 3,013,755.67 1SYS1293 0.000 1Bank of the West1228 6,715,266.07 6,715,266.0708/20/2019 6,715,266.07 1059731851 0.000 1City Petty Cash1059 3,300.00 3,300.0007/01/2016 3,300.00 1SYS1059 0.000 1Dune Palms Mobile Estates1318 406,804.04 406,804.0403/09/2021 406,804.04 1SYS1318 0.000 1La Quinta Palms Realty1062 384,339.15 384,339.1507/01/2016 384,339.15 1SYS1062 0.000 10,523,464.93 110,523,464.9310,523,464.937,118,408.94Subtotal and Average 1 0.000 Local Agency Investment Fund-City 1Local Agency Inv Fund1055 71,519,640.72 71,519,640.72 0.20371,525,193.90 198-33-434 0.203 71,519,640.72 171,525,193.9071,519,640.7271,519,640.72Subtotal and Average 1 0.203 Local Agency Invstmnt Fund-Housing 1Local Agency Inv Fund1113 10,595,773.49 10,595,773.49 0.20310,596,651.37 125-33-005 0.203 10,595,773.49 110,596,651.3710,595,773.4910,595,773.49Subtotal and Average 1 0.203 Money Market/Mutual Funds 1Dreyfus12940.00 0.0007/01/2021 0.00 1X9USDDTP3 0.000 0.00 00.000.000.00Subtotal and Average 0 0.000 Money Market Accounts - CAMP 1California Asset Management Pr1153 855,594.02 855,594.02 0.05009/26/2018 855,594.02 1SYS1153 0.050 855,594.02 1855,594.02855,594.02855,559.63Subtotal and Average 1 0.050 Federal Agency Coupon Securities 279Federal National Mtg Assn1233 1,000,000.00 992,100.00 09/06/20221.37510/29/2019 1,008,700.00 1,0433135G0W33 1.659 302Federal Farm Credit Bank1247 1,000,000.00 999,217.36 09/29/20221.40002/05/2020 1,010,160.00 9673133EGWJ0 1.430 376Federal Farm Credit Bank1198 500,000.00 499,500.00 12/12/20221.87506/20/2019 508,655.00 1,2713133EKQP4 1.905 513Federal Farm Credit Bank1340 500,000.00 499,002.04 04/28/20230.17010/22/2021 498,650.00 5533133EMX64 0.302 621Federal Farm Credit Bank1223 500,000.00 499,400.00 08/14/20231.60009/12/2019 509,250.00 1,4323133EKZK5 1.632 643Federal Farm Credit Bank1158 250,000.00 247,275.00 09/05/20232.80010/15/2018 259,955.00 1,7863133EJYL7 3.041 700Federal Farm Credit Bank1234 1,000,000.00 996,900.00 11/01/20231.60011/01/2019 1,020,150.00 1,4613133EK4X1 1.680 804Federal Home Loan Bank1177 500,000.00 498,550.00 02/13/20242.50003/01/2019 520,690.00 1,8103130AFW94 2.563 805Federal Farm Credit Bank1246 1,000,000.00 999,000.00 02/14/20241.43002/14/2020 1,017,480.00 1,4613133ELNE0 1.456 944Federal National Mtg Assn1206 500,000.00 495,950.00 07/02/20241.75007/15/2019 512,860.00 1,8143135G0V75 1.922 968Federal Farm Credit Bank1212 500,000.00 499,500.00 07/26/20241.85008/02/2019 514,430.00 1,8203133EKWV4 1.871 Portfolio CITY CP Run Date: 02/17/2022 - 13:52 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 November 30, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Federal Agency Coupon Securities 1,021Federal Farm Credit Bank1224 500,000.00 498,750.00 09/17/20241.60009/17/2019 510,555.00 1,8273133EKP75 1.652 1,021Federal Farm Credit Bank1242 1,000,000.00 998,600.00 09/17/20241.70012/17/2019 1,023,860.00 1,7363133ELEA8 1.731 1,083Federal National Mtg Assn1291 500,000.00 499,250.00 11/18/20240.42011/18/2020 493,075.00 1,4613135G06E8 0.458 1,125Federal National Mtg Assn1300 500,000.00 500,000.00 12/30/20240.40012/30/2020 493,900.00 1,4613135GAAW1 0.400 1,273Federal Home Loan Mtg Corp1279 1,000,000.00 1,000,000.00 05/27/20250.62505/27/2020 988,700.00 1,8263134GVYG7 0.625 1,286Federal Farm Credit Bank1280 500,000.00 499,850.00 06/09/20250.50006/09/2020 490,440.00 1,8263133ELH23 0.506 1,287Federal Farm Credit Bank1282 500,000.00 500,000.00 06/10/20250.68006/10/2020 491,300.00 1,8263133ELH80 0.680 1,290Federal Home Loan Bank1281 500,000.00 499,850.00 06/13/20250.50006/03/2020 491,990.00 1,8363130AJKW8 0.506 1,307Federal Home Loan Bank1283 300,000.00 300,000.00 06/30/20250.68006/30/2020 296,064.00 1,8263130AJRP6 0.680 1,328Federal Home Loan Mtg Corp1297 1,000,000.00 997,300.00 07/21/20250.37512/07/2020 977,930.00 1,6873137EAEU9 0.434 1,352Federal National Mtg Assn1288 500,000.00 500,000.00 08/14/20250.50008/14/2020 489,650.00 1,8263135G05S8 0.500 1,356Federal National Mtg Assn1290 500,000.00 499,750.00 08/18/20250.52008/28/2020 490,270.00 1,8163136G4M75 0.530 1,359Federal National Mtg Assn1289 1,000,000.00 1,000,000.00 08/21/20250.56008/21/2020 980,610.00 1,8263136G4N74 0.560 1,392Federal Home Loan Mtg Corp1307 500,000.00 495,999.50 09/23/20250.37502/23/2021 487,060.00 1,6733137EAEX3 0.552 1,392Federal Home Loan Mtg Corp1310 1,000,000.00 983,940.00 09/23/20250.37503/30/2021 974,120.00 1,6383137EAEX3 0.740 1,447Federal National Mtg Assn1292 500,000.00 499,250.00 11/17/20250.56011/17/2020 490,200.00 1,8263135GA2Z3 0.590 1,472Federal Home Loan Bank1298 500,000.00 497,400.00 12/12/20250.37512/07/2020 485,545.00 1,8313130AKFA9 0.480 1,483Federal National Mtg Assn1299 500,000.00 500,000.00 12/23/20250.60012/23/2020 490,395.00 1,8263135GA7D7 0.600 1,490Federal Home Loan Mtg Corp1301 500,000.00 500,000.00 12/30/20250.55012/30/2020 492,660.00 1,8263134GXGZ1 0.550 1,505Federal Home Loan Bank1302 500,000.00 500,000.00 01/14/20260.51001/14/2021 489,890.00 1,8263130AKMZ6 0.510 1,520Federal Home Loan Bank1304 500,000.00 500,000.00 01/29/20260.55001/29/2021 490,285.00 1,8263130AKN28 0.550 1,580Federal Home Loan Bank1312 500,000.00 500,000.00 03/30/20260.50003/30/2021 497,720.00 1,8263130ALV92 0.938 1,654Federal Home Loan Bank1324 1,000,000.00 993,420.00 06/12/20260.75006/17/2021 982,420.00 1,8213130AMFS6 0.885 1,713Federal Farm Credit Bank1330 500,000.00 498,000.00 08/10/20260.71008/10/2021 489,165.00 1,8263133EM2C5 0.792 1,744Federal Farm Credit Bank1338 1,000,000.00 991,080.00 09/10/20260.80009/28/2021 982,690.00 1,8083133EM4X7 0.985 1,764Federal Home Loan Bank1337 1,000,000.00 999,000.00 09/30/20261.00009/30/2021 987,980.00 1,8263130APBM6 1.021 1,777Federal Home Loan Bank1339 1,000,000.00 998,250.00 10/13/20260.95010/13/2021 986,560.00 1,8263130APB46 0.986 1,797Federal Farm Credit Bank1344 1,000,000.00 1,000,000.00 11/02/20261.27011/02/2021 998,210.00 1,8263133ENCQ1 1.270 1,819Federal Home Loan Bank1347 500,000.00 499,500.00 11/24/20260.70011/24/2021 498,930.00 1,8263130APTV7 1.489 26,475,583.90 1,66126,423,154.0026,550,000.0026,059,300.57Subtotal and Average 1,223 1.042 Treasury Coupon Securities 165U.S. Treasury1192 500,000.00 496,650.00 05/15/20221.75005/31/2019 503,750.00 1,080912828SV3 1.984 303U.S. Treasury1178 500,000.00 489,687.50 09/30/20221.87503/01/2019 507,010.00 1,3099128282W9 2.480 607U.S. Treasury1341 500,000.00 497,792.97 07/31/20230.12510/22/2021 497,480.00 64791282CCN9 0.375 Portfolio CITY CP Run Date: 02/17/2022 - 13:52 PM (PRF_PM2) 7.3.0 Days to Maturity Page 3 Par Value Book Value Maturity Date Stated RateMarket Value November 30, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Treasury Coupon Securities 668U.S. Treasury1217 500,000.00 499,300.00 09/30/20231.37508/21/2019 508,260.00 1,501912828T26 1.410 775U.S. Treasury1342 1,000,000.00 991,000.00 01/15/20240.12510/22/2021 990,310.00 81591282CBE0 0.531 1,049U.S. Treasury1343 1,000,000.00 996,320.00 10/15/20240.62510/22/2021 995,470.00 1,08991282CDB4 0.750 1,095U.S. Treasury1241 1,000,000.00 989,687.50 11/30/20241.50012/16/2019 1,020,040.00 1,811912828YV6 1.718 1,430U.S. Treasury1311 1,000,000.00 977,500.00 10/31/20250.25003/30/2021 969,960.00 1,67691282CAT8 0.750 1,460U.S. Treasury1315 500,000.00 492,187.50 11/30/20250.37504/22/2021 486,680.00 1,68391282CAZ4 0.720 1,491U.S. Treasury1303 500,000.00 498,632.81 12/31/20250.37501/07/2021 486,270.00 1,81991282CBC4 0.431 1,522U.S. Treasury1309 500,000.00 495,100.00 01/31/20260.37502/23/2021 485,645.00 1,80391282CBH3 0.577 1,550U.S. Treasury1319 500,000.00 494,165.00 02/28/20260.50005/28/2021 487,850.00 1,73791282CBQ3 0.750 1,581U.S. Treasury1320 500,000.00 499,525.00 03/31/20260.75005/28/2021 492,755.00 1,76891282CBT7 0.770 1,581U.S. Treasury1322 500,000.00 498,450.00 03/31/20260.75006/17/2021 492,755.00 1,74891282CBT7 0.816 1,642U.S. Treasury1321 1,000,000.00 997,060.00 05/31/20260.75006/01/2021 984,300.00 1,82591282CCF6 0.810 1,642U.S. Treasury1323 500,000.00 497,095.00 05/31/20260.75006/17/2021 492,150.00 1,80991282CCF6 0.870 1,703U.S. Treasury1335 1,000,000.00 983,750.00 07/31/20260.62509/29/2021 977,150.00 1,76691282CCP4 0.970 1,734U.S. Treasury1336 1,000,000.00 988,500.00 08/31/20260.75009/29/2021 982,420.00 1,79791282CCW9 0.990 12,382,403.28 1,53812,360,255.0012,500,000.0012,382,403.28Subtotal and Average 1,257 0.968 Certificate of Deposits 20Neighbors FCU1167 245,000.00 245,000.00 12/21/20213.20012/21/2018 245,444.26 1,09664017AAQ7 3.203 21United Credit Union1214 248,000.00 248,000.00 12/22/20212.00008/22/2019 248,289.45 853910160AH3 2.003 49The Ohio Valley Bank1089 240,000.00 240,000.00 01/19/20221.90007/19/2017 240,603.27 1,645677721CN0 1.903 61Third Federal Savings and Loan1112 245,000.00 245,000.00 01/31/20222.50001/30/2018 245,973.69 1,46288413QBY3 2.502 62Discover Bank Greenwood DE CF1066 240,000.00 240,000.00 02/01/20222.25002/01/2017 240,881.29 1,8262546722U1 2.251 89Maine Savings FCU1171 248,000.00 248,000.00 02/28/20223.30012/28/2018 249,952.51 1,158560507AK1 3.306 107Luana Savings Bank1225 245,000.00 245,000.00 03/18/20221.60009/18/2019 246,035.31 912549104JN8 1.599 119Bellco Credit Union1264 248,000.00 248,000.00 03/30/20221.30003/31/2020 248,900.67 72907833EAD9 1.300 120Cadence Bank, NA1259 245,000.00 245,000.00 03/31/20221.20003/31/2020 245,797.77 73012738RFX7 1.200 120Bank of Santa Clarita1261 248,000.00 248,000.00 03/31/20221.10003/31/2020 248,724.84 73006424KBC3 1.100 149Farmers Insurance Group FCU1126 240,000.00 240,000.00 04/29/20222.80004/30/2018 242,588.64 1,46030960QAG2 2.802 167Kansas State Bank1101 245,000.00 245,000.00 05/17/20222.10011/17/2017 247,136.67 1,64250116CBE8 2.099 189PCSB Bank1149 245,000.00 245,000.00 06/08/20223.00006/08/2018 248,553.17 1,46169324MAD7 3.002 190Synovus Bank1253 245,000.00 245,000.00 06/09/20221.60003/09/2020 246,752.47 82287164DRD4 1.602 194Allegiance Bank1143 245,000.00 245,000.00 06/13/20223.10006/13/2018 248,777.07 1,46101748DBE5 3.102 209America's Credit Union1200 248,000.00 248,000.00 06/28/20222.30006/28/2019 250,963.19 1,09603065AAL7 2.302 250Traditions Bank1148 245,000.00 245,000.00 08/08/20223.00006/08/2018 249,646.37 1,52289269CBX9 3.002 Portfolio CITY CP Run Date: 02/17/2022 - 13:52 PM (PRF_PM2) 7.3.0 Days to Maturity Page 4 Par Value Book Value Maturity Date Stated RateMarket Value November 30, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 265CIT Bank NA1219 245,000.00 245,000.00 08/23/20221.90008/23/2019 247,932.54 1,09612556LBA3 1.902 271American Express Fed Savings B1096 240,000.00 240,000.00 08/29/20222.40008/29/2017 243,842.41 1,82602587CFU9 2.402 271Sterling Bank1201 245,000.00 245,000.00 08/29/20222.15006/28/2019 248,460.55 1,15885916VDC6 2.153 316Alliance Credit Union1095 245,000.00 245,000.00 10/13/20222.25010/13/2017 249,151.80 1,82601859BAA3 2.251 328Barclays Bank1097 240,000.00 240,000.00 10/25/20222.30010/25/2017 244,330.32 1,82606740KLJ4 2.291 342Mountain America Federal CU1099 245,000.00 245,000.00 11/08/20222.30011/08/2017 249,538.92 1,82662384RAC0 2.301 352CrossFirst Bank1106 245,000.00 245,000.00 11/18/20222.20011/20/2017 249,431.23 1,82422766ACB9 2.201 362Enterprise Bank, NA1107 245,000.00 245,000.00 11/28/20222.15011/28/2017 249,433.27 1,82629367QCP1 2.151 371Medallion Bank1169 248,000.00 248,000.00 12/07/20223.40012/07/2018 255,717.62 1,46158404DCX7 3.402 371Red Rocks Credit Union1166 248,000.00 248,000.00 12/07/20223.35012/07/2018 255,589.76 1,46175701LAB3 3.352 393Knoxville TVA Credit Union1110 245,000.00 245,000.00 12/29/20222.40012/29/2017 250,398.88 1,826499724AB8 2.401 394Kern FCU1239 248,000.00 248,000.00 12/30/20221.90012/30/2019 252,030.96 1,09649228XAK6 1.902 394San Francisco FCU1240 248,000.00 248,000.00 12/30/20221.85012/30/2019 251,895.24 1,09679772FAC0 1.852 425Wells Fargo Natl Bank West1244 248,000.00 248,000.00 01/30/20231.90001/29/2020 252,249.06 1,097949495AT2 1.900 447Servisfirst Bank1254 248,000.00 248,000.00 02/21/20231.60002/21/2020 251,544.75 1,09681768PAF3 1.601 454Verus Bank of Commerce1180 248,000.00 248,000.00 02/28/20232.70002/28/2019 255,037.50 1,46192535LCD4 2.700 476Aneca Federal Credit Union1119 245,000.00 245,000.00 03/22/20232.80003/22/2018 252,493.87 1,826034577AH9 2.802 485Northstar Bank1263 248,000.00 248,000.00 03/31/20231.15003/31/2020 250,010.95 1,09566704MEQ0 1.150 485West Michigan Cmnty Bk1265 248,000.00 248,000.00 03/31/20231.15003/31/2020 250,010.95 1,095954444BS3 1.150 496Citibank NA1123 245,000.00 245,000.00 04/11/20232.90004/11/2018 253,030.24 1,82617312QJ26 2.902 513Congressional Bank1189 248,000.00 248,000.00 04/28/20232.50004/30/2019 255,004.94 1,45920726ABA5 2.502 513EnerBank USA1125 240,000.00 240,000.00 04/28/20232.95004/30/2018 248,315.00 1,82429278TAY6 2.952 520First National Bank1179 248,000.00 248,000.00 05/05/20232.80003/05/2019 256,052.47 1,52232117BCX4 2.802 553Pittsfield Cooperative Bank1194 245,000.00 245,000.00 06/07/20232.50006/07/2019 252,199.82 1,461725404AB3 2.502 566Morton Community1173 248,000.00 248,000.00 06/20/20232.75003/20/2019 256,439.29 1,553619165JD6 2.753 566RCB Bank1144 245,000.00 245,000.00 06/20/20233.15006/20/2018 254,873.30 1,82674934YAH4 3.152 572American First CU1285 248,000.00 248,000.00 06/26/20230.35006/26/2020 247,100.43 1,09502616AAH2 0.350 595American National Bank1205 248,000.00 248,000.00 07/19/20232.00007/19/2019 253,668.56 1,46102772JBD1 2.001 596First National Bank of America1147 245,000.00 245,000.00 07/20/20233.15007/20/2018 255,256.85 1,82632110YLK9 3.152 607Bank of New England1151 249,000.00 249,000.00 07/31/20233.25007/31/2018 259,751.36 1,82606426KAN8 3.252 630Raymond James Bank1218 244,000.00 244,000.00 08/23/20231.95008/23/2019 249,539.44 1,46175472RAD3 1.951 667Triad Bank1262 248,000.00 248,000.00 09/29/20231.35003/30/2020 251,072.14 1,27889579NCD3 1.352 685Cache Valley BK F/K/A Marlin1155 248,000.00 248,000.00 10/17/20233.30010/17/2018 260,148.84 1,82657116ARV2 3.302 685Municipal Trust and Savings1160 245,000.00 245,000.00 10/17/20233.20010/17/2018 256,538.31 1,826625925AR3 3.202 685UBS Bank USA1161 245,000.00 245,000.00 10/17/20233.35010/17/2018 257,233.67 1,82690348JEJ5 3.352 687Jefferson Financial CU1154 245,000.00 245,000.00 10/19/20233.35010/19/2018 257,249.28 1,826474067AQ8 3.352 Portfolio CITY CP Run Date: 02/17/2022 - 13:52 PM (PRF_PM2) 7.3.0 Days to Maturity Page 5 Par Value Book Value Maturity Date Stated RateMarket Value November 30, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 714Commercial Bank1162 248,000.00 248,000.00 11/15/20233.40011/15/2018 260,986.99 1,82620143PDV9 3.402 727Numerica Credit Union1164 248,000.00 248,000.00 11/28/20233.55011/28/2018 261,967.82 1,82667054NAN3 3.552 750National Cooperative Bank, N.A1170 245,000.00 245,000.00 12/21/20233.40012/21/2018 258,276.28 1,826635573AL2 3.402 758Bar Harbor Bank and Trust1172 248,000.00 248,000.00 12/29/20233.35012/31/2018 261,344.74 1,824066851WJ1 3.352 789Lakeside Bank1208 248,000.00 248,000.00 01/29/20242.00007/30/2019 254,476.97 1,64451210SQU4 2.003 803Rollstone B&T1251 245,000.00 245,000.00 02/12/20241.65002/12/2020 249,483.86 1,46177579ADF0 1.651 804Northwest Bank1181 248,000.00 248,000.00 02/13/20242.95002/13/2019 259,694.68 1,82666736ABP3 2.951 818Wells Fargo1174 248,000.00 248,000.00 02/27/20243.00002/27/2019 260,175.60 1,826949763XY7 3.001 848Texas Bank Financial1260 245,000.00 245,000.00 03/28/20241.10003/31/2020 246,460.28 1,458882213AB7 1.101 866The Jefferson Bank1272 248,000.00 248,000.00 04/15/20241.25004/15/2020 250,268.89 1,461472382AQ3 1.251 867Belmont Bank and Trust1270 248,000.00 248,000.00 04/16/20241.25004/16/2020 250,271.48 1,46108016PDQ9 1.251 867Pacific Western Bank1269 245,000.00 245,000.00 04/16/20241.30004/16/2020 247,530.56 1,46169506YRH4 1.301 877Main Street Bank1188 248,000.00 248,000.00 04/26/20242.60004/26/2019 258,374.23 1,82756065GAG3 2.603 896First Service Bank1231 248,000.00 248,000.00 05/15/20241.70011/15/2019 252,954.45 1,64333640VDD7 1.701 897JP Morgan Chase1185 245,000.00 245,000.00 05/16/20243.25005/16/2019 259,253.93 1,82748128HXU7 3.254 904Iowa State Bank1186 245,000.00 245,000.00 05/23/20242.40005/23/2019 254,182.29 1,82746256YAZ2 2.403 909Live Oak Bank1238 248,000.00 248,000.00 05/28/20241.80011/27/2019 253,645.16 1,644538036GV0 1.802 910Century Next Bank1184 248,000.00 248,000.00 05/29/20242.50005/29/2019 257,993.68 1,827156634AK3 2.503 919Plains Commerce Bank1195 245,000.00 245,000.00 06/07/20242.55006/07/2019 255,119.96 1,82772651LCL6 2.553 924Evansville Teachers Credit FCU1196 248,000.00 248,000.00 06/12/20242.60006/12/2019 258,633.58 1,827299547AQ2 2.603 931Legacy Bank1197 248,000.00 248,000.00 06/19/20242.40006/19/2019 257,444.53 1,827524661CB9 2.403 933Citizens State Bank1199 248,000.00 248,000.00 06/21/20242.40006/21/2019 257,464.57 1,827176688CP2 2.403 940Communitywide FCU1202 248,000.00 248,000.00 06/28/20242.25006/28/2019 256,574.18 1,82720416TAQ5 2.253 940Revere Bank1203 247,000.00 247,000.00 06/28/20242.30006/28/2019 255,840.48 1,827761402BY1 2.303 968Abacus Federal Savings1207 248,000.00 248,000.00 07/26/20241.95007/26/2019 254,694.96 1,82700257TBD7 1.952 972First Security Bank of WA1209 248,000.00 248,000.00 07/30/20242.00007/30/2019 254,905.43 1,82733625CCP2 2.002 973People's Bank1210 248,000.00 248,000.00 07/31/20242.00007/31/2019 254,764.70 1,827710571DS6 2.002 989Preferred Bank1213 249,000.00 249,000.00 08/16/20242.00008/16/2019 256,052.76 1,827740367HP5 2.002 996FirsTier Bank1216 249,000.00 249,000.00 08/23/20241.95008/23/2019 255,761.86 1,82733766LAJ7 1.952 996Washington Federal1215 248,000.00 248,000.00 08/23/20242.00008/23/2019 255,073.47 1,827938828BH2 2.002 1,003First State Bk DeQueen1222 248,000.00 248,000.00 08/30/20241.80008/30/2019 253,606.20 1,827336460CX6 1.802 1,003First Natl Bk of Syracuse1221 249,000.00 249,000.00 08/30/20241.85008/30/2019 254,971.19 1,827334342CD2 1.852 1,003Celtic Bank1220 248,000.00 248,000.00 08/30/20241.85008/30/2019 253,947.21 1,82715118RRH2 1.852 1,014BMW Bank1333 245,000.00 245,000.00 09/10/20240.65009/10/2021 242,769.49 1,09605580AD50 0.651 1,031BankWest Inc1227 248,000.00 248,000.00 09/27/20241.70009/27/2019 253,059.57 1,82706652CHB0 1.702 1,059Southern Bancorp Bk1286 248,000.00 248,000.00 10/25/20240.50006/26/2020 244,396.46 1,58284223QAN7 0.500 Portfolio CITY CP Run Date: 02/17/2022 - 13:52 PM (PRF_PM2) 7.3.0 Days to Maturity Page 6 Par Value Book Value Maturity Date Stated RateMarket Value November 30, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 1,072Sauk Valley B&T Co1235 248,000.00 248,000.00 11/07/20241.70011/07/2019 252,926.57 1,827804375DL4 1.702 1,085Morgan Stanley Bank1237 245,000.00 245,000.00 11/20/20241.95011/20/2019 251,728.99 1,82761690UNX4 1.952 1,085Morgan Stanley Private Bk, NA1236 245,000.00 245,000.00 11/20/20241.90011/20/2019 251,366.02 1,82761760A3B3 1.902 1,125Bank Princeton1287 248,000.00 248,000.00 12/30/20240.50006/30/2020 243,751.92 1,644064520BG3 0.500 1,149Transportation Alliance Bk TAB1328 248,000.00 248,000.00 01/23/20250.40007/23/2021 242,884.22 1,28089388CEY0 0.401 1,155Bank OZK1329 248,000.00 248,000.00 01/29/20250.40007/29/2021 242,858.00 1,28006417NZQ9 0.401 1,164United Community1249 248,000.00 248,000.00 02/07/20251.65002/07/2020 252,581.03 1,82790983WBT7 1.652 1,171First National Bank Michigan1250 248,000.00 248,000.00 02/14/20251.65002/14/2020 252,608.07 1,82732114VBT3 1.652 1,171Freedom Financial1248 248,000.00 248,000.00 02/14/20251.55002/14/2020 251,814.93 1,82735637RDC8 1.552 1,178American State1255 248,000.00 248,000.00 02/21/20251.60002/21/2020 252,236.22 1,827029728BC5 1.602 1,184Citadel FCU1252 248,000.00 248,000.00 02/27/20251.65002/27/2020 252,658.33 1,82717286TAG0 1.652 1,198Access Bank1256 248,000.00 248,000.00 03/13/20251.60003/13/2020 252,208.62 1,82600435JBH5 1.601 1,205Spring Bank1257 248,000.00 248,000.00 03/20/20251.50003/20/2020 251,417.19 1,826849430BF9 1.501 1,211Axos Bank1258 248,000.00 248,000.00 03/26/20251.65003/26/2020 252,663.24 1,82605465DAE8 1.651 1,213Alma Bank1267 248,000.00 248,000.00 03/28/20251.40003/30/2020 250,618.60 1,824020080BX4 1.399 1,216Commonwealth Business Bk1268 248,000.00 248,000.00 03/31/20251.25003/31/2020 249,200.92 1,8262027506M2 1.251 1,216Nicolet Natl Bank1266 248,000.00 248,000.00 03/31/20251.40003/31/2020 250,434.74 1,826654062JZ2 1.401 1,224Capital One USA FDIC339541271 245,000.00 245,000.00 04/08/20251.60004/08/2020 249,144.21 1,82614042TDD6 1.601 1,244First Natl Bk McGregor1274 248,000.00 248,000.00 04/28/20251.35004/28/2020 250,170.52 1,82632112UDR9 1.351 1,245First Freedom Bank1273 249,000.00 249,000.00 04/29/20251.20004/29/2020 249,912.97 1,82632027BAL1 1.201 1,246Flagstar1276248,000.00 248,000.00 04/30/20251.25004/30/2020 249,226.04 1,82633847E3A3 1.251 1,2581st Internet Bank1278 248,000.00 248,000.00 05/12/20251.00005/11/2020 247,115.55 1,82732056GDJ6 0.985 1,259Western State Bank1277 245,000.00 245,000.00 05/13/20251.00005/13/2020 244,126.99 1,82695960NKD8 1.001 1,301Chippewa Valley Bk1284 248,000.00 248,000.00 06/24/20250.60006/24/2020 243,474.75 1,826169894AS1 0.600 1,371Pentagon FCU1331 249,000.00 249,000.00 09/02/20250.70009/01/2021 244,823.85 1,46270962LAF9 0.687 1,513Landmark Community Bank1305 248,000.00 248,000.00 01/22/20260.50001/22/2021 240,963.94 1,82651507LCC6 0.500 1,534TIAA FKA EverBank1306 245,000.00 245,000.00 02/12/20260.50002/12/2021 237,890.90 1,82687270LDL4 0.500 1,597Greenstate FCU1313 249,000.00 249,000.00 04/16/20260.95004/16/2021 246,160.64 1,82639573LBC1 0.951 1,603Toyota Financial Savings Bank1314 245,000.00 245,000.00 04/22/20260.90004/22/2021 241,672.02 1,82689235MKY6 0.900 1,608Carter FCU1316 248,000.00 248,000.00 04/27/20260.75004/27/2021 242,996.44 1,82614622LAA0 0.750 1,611Fidelity Homestead1317 248,000.00 248,000.00 04/30/20260.70004/30/2021 242,372.50 1,82631617CAV5 0.711 1,672Vibrant Credit Union1325 249,000.00 248,377.50 06/30/20260.80007/02/2021 244,099.44 1,82492559TAJ7 0.852 1,700Goldman Sachs1326 248,000.00 248,000.00 07/28/20261.00007/28/2021 245,319.96 1,82638149MXK4 1.001 1,700Sallie Mae Bank Salt Lake CIty1327 248,000.00 248,000.00 07/28/20261.00007/28/2021 245,319.96 1,826795451AF0 1.001 1,737Synchrony Bank Retail1332 245,000.00 245,000.00 09/03/20260.90009/03/2021 240,992.88 1,82687165ET98 0.900 1,758Connect One1334 248,000.00 248,000.00 09/24/20260.80009/24/2021 242,712.96 1,82620786ADL6 0.800 Portfolio CITY CP Run Date: 02/17/2022 - 13:52 PM (PRF_PM2) 7.3.0 Days to Maturity Page 7 Par Value Book Value Maturity Date Stated RateMarket Value November 30, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 1,804Merrick Bank1345 249,000.00 249,000.00 11/09/20261.10011/09/2021 247,017.03 1,82659013KPN0 1.101 1,812Capital One Natl Assn FDIC42971346 248,000.00 248,000.00 11/17/20261.10011/17/2021 246,021.06 1,82614042RQB0 1.101 31,334,377.50 1,62431,845,509.8731,335,000.0031,661,044.17Subtotal and Average 818 1.933 Corporate Notes 67Proctor and Gamble1159 500,000.00 487,950.00 02/06/20222.30010/15/2018 501,665.00 1,210742718DY2 3.071 379Wal-Mart Stores, Inc1190 500,000.00 496,650.00 12/15/20222.35004/16/2019 509,155.00 1,339931142DU4 2.799 427Colgate-Palmolive1175 500,000.00 485,250.00 02/01/20231.95003/04/2019 508,605.00 1,43019416QEA4 2.751 615Microsoft Corporation1157 400,000.00 378,360.00 08/08/20232.00010/15/2018 408,660.00 1,758594918BQ6 3.222 1,548International Finance Corp.1308 500,000.00 497,300.00 02/26/20260.50002/26/2021 489,435.00 1,82645950VPS9 0.610 2,345,510.00 1,5022,417,520.002,400,000.002,345,510.00Subtotal and Average 610 2.450 Money Market with Fiscal Agent 1US Bank1058 1,437.48 1,437.4807/01/2016 1,437.48 1SYS1058 0.000 1,437.48 11,437.481,437.481,437.47Subtotal and Average 1 0.000 CERBT - OPEB Trust 1CalPERS CERBT Plan1114 2,047,746.82 2,047,746.8207/01/2021 2,047,746.82 1SYS1114 0.000 2,047,746.82 12,047,746.822,047,746.822,047,746.82Subtotal and Average 1 0.000 PARS Pension Trust 1Pblc Agncy Rtrmnt Serv1230 11,442,127.48 11,442,127.4811,442,127.48 1SYS1230 0.000 11,442,127.48 111,442,127.4811,442,127.4811,514,399.46Subtotal and Average 1 0.000 655176,101,224.55 179,770,784.94 418 0.683180,038,654.87 179,523,659.62Total and Average Portfolio CITY CP Run Date: 02/17/2022 - 13:52 PM (PRF_PM2) 7.3.0 City of La Quinta Total Earnings City of La Quinta - Sorted by Fund - Fund November 1, 2021 - November 30, 2021 Current Rate Ending Par Value Ending Fund Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted InterestAnnualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 71,519,640.72105571,519,640.72 0.203LAIF 13,427.37 0.00 13,427.370.22810171,519,640.7298-33-434 0.00 3,300.0010593,300.00CITYPC 0.00 0.00 0.001013,300.00SYS1059 0.00 240,000.001066240,000.00 2.250DISCOV 443.83 0.00 443.832.250101240,000.002546722U1 0.00 240,000.001089240,000.00 1.900OHVAL 374.79 0.00 374.791.900101240,000.00677721CN0 0.00 245,000.001095245,000.00 2.250ALLIAN 453.08 0.00 453.082.250101245,000.0001859BAA3 0.00 240,000.001096240,000.00 2.400AMFSB 473.43 0.00 473.432.400101240,000.0002587CFU9 0.00 240,000.001097240,000.00 2.300BARCLY 453.70 0.00 453.702.300101240,000.0006740KLJ4 0.00 245,000.001099245,000.00 2.300MTNAMR 463.15 0.00 463.152.300101245,000.0062384RAC0 0.00 245,000.001101245,000.00 2.100KANSAS 422.88 0.00 422.882.100101245,000.0050116CBE8 0.00 0.0011020.00 2.100BELMNT 310.11 0.00 310.112.100101245,000.00080515CD9 0.00 245,000.001106245,000.00 2.200CRS1ST 443.01 0.00 443.012.200101245,000.0022766ACB9 0.00 245,000.001107245,000.00 2.150ENTRPR 432.95 0.00 432.952.150101245,000.0029367QCP1 0.00 245,000.001110245,000.00 2.400KNOX 483.29 0.00 483.292.400101245,000.00499724AB8 0.00 245,000.001112245,000.00 2.5003RD 503.42 0.00 503.422.500101245,000.0088413QBY3 0.00 2,047,746.8211142,047,746.82CALPRS 0.00 0.00 0.001012,047,746.82SYS1114 0.00 245,000.001119245,000.00 2.800ANECA 563.84 0.00 563.842.800101245,000.00034577AH9 0.00 245,000.001123245,000.00 2.900CITINA 583.97 0.00 583.972.900101245,000.0017312QJ26 0.00 240,000.001125240,000.00 2.950ENER 581.92 0.00 581.922.950101240,000.0029278TAY6 0.00 240,000.001126240,000.00 2.800FARMIG 552.33 0.00 552.332.800101240,000.0030960QAG2 0.00 245,000.001143245,000.00 3.100ALLGNC 624.24 0.00 624.243.100101245,000.0001748DBE5 0.00 245,000.001144245,000.00 3.150RCB 634.32 0.00 634.323.150101245,000.0074934YAH4 0.00 245,000.001147245,000.00 3.1501STNBA 634.32 0.00 634.323.150101245,000.0032110YLK9 0.00 245,000.001148245,000.00 3.000TRAD 604.11 0.00 604.113.000101245,000.0089269CBX9 0.00 245,000.001149245,000.00 3.000PCSB 604.11 0.00 604.113.000101245,000.0069324MAD7 0.00 249,000.001151249,000.00 3.250NWENGL 665.14 0.00 665.143.250101249,000.0006426KAN8 0.00 855,594.021153855,594.02 0.050CAMP 35.58 0.00 35.580.051101855,558.44SYS1153 0.00 245,000.001154245,000.00 3.350JEFF 674.59 0.00 674.593.350101245,000.00474067AQ8 0.00 248,000.001155248,000.00 3.300MARBUS 672.66 0.00 672.663.300101248,000.0057116ARV2 0.00 378,360.001157400,000.00 2.000MCRSFT 666.67 0.00 666.672.144101378,360.00594918BQ6 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:51 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 AccretionAmortization/EarningsAdjusted Interest November 1, 2021 - November 30, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 247,275.001158250,000.00 2.800FFCB 583.33 0.00 583.332.870101247,275.003133EJYL7 0.00 487,950.001159500,000.00 2.300P&G 958.33 0.00 958.332.390101487,950.00742718DY2 0.00 245,000.001160245,000.00 3.200MUNTRS 644.38 0.00 644.383.200101245,000.00625925AR3 0.00 245,000.001161245,000.00 3.350UBS 674.59 0.00 674.593.350101245,000.0090348JEJ5 0.00 248,000.001162248,000.00 3.400COMMBK 693.04 0.00 693.043.400101248,000.0020143PDV9 0.00 0.0011630.00 3.250MRRCK 176.66 0.00 6,525.46120.050101248,000.0059013J4K2 6,348.80 248,000.001164248,000.00 3.550NMRCA 723.62 0.00 723.623.550101248,000.0067054NAN3 0.00 248,000.001166248,000.00 3.350REDRCK 682.85 0.00 682.853.350101248,000.0075701LAB3 0.00 245,000.001167245,000.00 3.200NEIGH 644.38 0.00 644.383.200101245,000.0064017AAQ7 0.00 0.0011680.00 3.1501STSRC 338.30 0.00 338.303.150101245,000.0033646CKP8 0.00 248,000.001169248,000.00 3.400MEDBA 693.04 0.00 693.043.400101248,000.0058404DCX7 0.00 245,000.001170245,000.00 3.400NLCOOP 684.66 0.00 684.663.400101245,000.00635573AL2 0.00 248,000.001171248,000.00 3.300MAINE 672.65 0.00 672.653.300101248,000.00560507AK1 0.00 248,000.001172248,000.00 3.350BARHAR 682.85 0.00 682.853.350101248,000.00066851WJ1 0.00 248,000.001173248,000.00 2.750MORTN 560.55 0.00 560.552.750101248,000.00619165JD6 0.00 248,000.001174248,000.00 3.000WELLS 611.51 0.00 611.513.000101248,000.00949763XY7 0.00 485,250.001175500,000.00 1.950COLGTE 812.50 0.00 812.502.037101485,250.0019416QEA4 0.00 498,550.001177500,000.00 2.500FHLB 1,041.67 0.00 1,041.672.542101498,550.003130AFW94 0.00 489,687.501178500,000.00 1.875USTR 772.66 0.00 772.661.920101489,687.509128282W9 0.00 248,000.001179248,000.00 2.8001STNBK 570.74 0.00 570.742.800101248,000.0032117BCX4 0.00 248,000.001180248,000.00 2.700VERUS 550.35 0.00 550.352.700101248,000.0092535LCD4 0.00 248,000.001181248,000.00 2.950NRTHWS 601.32 0.00 601.322.950101248,000.0066736ABP3 0.00 248,000.001184248,000.00 2.500CENTNX 509.60 0.00 509.602.500101248,000.00156634AK3 0.00 245,000.001185245,000.00 3.250JPMORG 654.45 0.00 654.453.250101245,000.0048128HXU7 0.00 245,000.001186245,000.00 2.400IOWAST 483.29 0.00 483.292.400101245,000.0046256YAZ2 0.00 0.0011870.00 2.400TSCOLA 358.75 0.00 358.752.400101248,000.0087266AAA1 0.00 248,000.001188248,000.00 2.600MAINST 529.97 0.00 529.972.600101248,000.0056065GAG3 0.00 248,000.001189248,000.00 2.500CONGRS 509.59 0.00 509.592.500101248,000.0020726ABA5 0.00 496,650.001190500,000.00 2.350WALMRT 979.17 0.00 979.172.399101496,650.00931142DU4 0.00 496,650.001192500,000.00 1.750USTR 719.62 0.00 719.621.763101496,650.00912828SV3 0.00 245,000.001194245,000.00 2.500PITTS 503.43 0.00 503.432.500101245,000.00725404AB3 0.00 245,000.001195245,000.00 2.550PLAINS 513.49 0.00 513.492.550101245,000.0072651LCL6 0.00 248,000.001196248,000.00 2.600EVNSCU 529.97 0.00 529.972.600101248,000.00299547AQ2 0.00 248,000.001197248,000.00 2.400LEGCY 489.21 0.00 489.212.400101248,000.00524661CB9 0.00 499,500.001198500,000.00 1.875FFCB 781.25 0.00 781.251.903101499,500.003133EKQP4 0.00 248,000.001199248,000.00 2.400CTZNST 489.20 0.00 489.202.400101248,000.00176688CP2 0.00 248,000.001200248,000.00 2.300AMERCU 468.82 0.00 468.822.300101248,000.0003065AAL7 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:51 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 AccretionAmortization/EarningsAdjusted Interest November 1, 2021 - November 30, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 245,000.001201245,000.00 2.150STRLNG 432.95 0.00 432.952.150101245,000.0085916VDC6 0.00 248,000.001202248,000.00 2.250COMMW 458.63 0.00 458.632.250101248,000.0020416TAQ5 0.00 247,000.001203247,000.00 2.300REVER 466.93 0.00 466.932.300101247,000.00761402BY1 0.00 248,000.001205248,000.00 2.000AMRNTL 407.67 0.00 407.672.000101248,000.0002772JBD1 0.00 495,950.001206500,000.00 1.750FNMA 729.17 0.00 729.171.789101495,950.003135G0V75 0.00 248,000.001207248,000.00 1.950ABACUS 397.48 0.00 397.481.950101248,000.0000257TBD7 0.00 248,000.001208248,000.00 2.000LKSIDE 407.67 0.00 407.672.000101248,000.0051210SQU4 0.00 248,000.001209248,000.00 2.0001STSEC 407.67 0.00 407.672.000101248,000.0033625CCP2 0.00 248,000.001210248,000.00 2.000PEOPLE 407.67 0.00 407.672.000101248,000.00710571DS6 0.00 499,500.001212500,000.00 1.850FFCB 770.84 0.00 770.841.878101499,500.003133EKWV4 0.00 249,000.001213249,000.00 2.000PREFRD 409.32 0.00 409.322.000101249,000.00740367HP5 0.00 248,000.001214248,000.00 2.000UNTDCU 407.67 0.00 407.672.000101248,000.00910160AH3 0.00 248,000.001215248,000.00 2.000WSHFED 407.67 0.00 407.672.000101248,000.00938828BH2 0.00 249,000.001216249,000.00 1.9501STIER 399.08 0.00 399.081.950101249,000.0033766LAJ7 0.00 499,300.001217500,000.00 1.375USTR 566.62 0.00 566.621.381101499,300.00912828T26 0.00 244,000.001218244,000.00 1.950RAYJAM 391.07 0.00 391.071.950101244,000.0075472RAD3 0.00 245,000.001219245,000.00 1.900CITBNK 382.60 0.00 382.601.900101245,000.0012556LBA3 0.00 248,000.001220248,000.00 1.850CELTIC 377.10 0.00 377.101.850101248,000.0015118RRH2 0.00 249,000.001221249,000.00 1.8501STNBS 378.62 0.00 378.621.850101249,000.00334342CD2 0.00 248,000.001222248,000.00 1.8001STDQN 366.90 0.00 366.901.800101248,000.00336460CX6 0.00 499,400.001223500,000.00 1.600FFCB 666.67 0.00 666.671.624101499,400.003133EKZK5 0.00 498,750.001224500,000.00 1.600FFCB 666.66 0.00 666.661.626101498,750.003133EKP75 0.00 245,000.001225245,000.00 1.600LUANA 322.19 0.00 322.191.600101245,000.00549104JN8 0.00 248,000.001227248,000.00 1.700BNKWST 346.52 0.00 346.521.700101248,000.0006652CHB0 0.00 6,715,266.0712286,715,266.07BOTW 0.01 0.00 0.011013,189,065.93059731851 0.00 11,442,127.48123011,442,127.48PARS 0.00 0.00 0.0010111,516,891.60SYS1230 0.00 248,000.001231248,000.00 1.7001STSER 346.52 0.00 346.521.700101248,000.0033640VDD7 0.00 992,100.0012331,000,000.00 1.375FNMA 1,145.84 0.00 1,145.841.405101992,100.003135G0W33 0.00 996,900.0012341,000,000.00 1.600FFCB 1,333.33 0.00 1,333.331.627101996,900.003133EK4X1 0.00 248,000.001235248,000.00 1.700SAUKVL 346.52 0.00 346.521.700101248,000.00804375DL4 0.00 245,000.001236245,000.00 1.900MSPRIV 382.61 0.00 382.611.900101245,000.0061760A3B3 0.00 245,000.001237245,000.00 1.950MORGST 392.67 0.00 392.671.950101245,000.0061690UNX4 0.00 248,000.001238248,000.00 1.800LIVEOK 366.90 0.00 366.901.800101248,000.00538036GV0 0.00 248,000.001239248,000.00 1.900KERNCU 387.29 0.00 387.291.900101248,000.0049228XAK6 0.00 248,000.001240248,000.00 1.850SF FCU 377.10 0.00 377.101.850101248,000.0079772FAC0 0.00 989,687.5012411,000,000.00 1.500USTR 1,229.73 0.00 1,229.731.512101989,687.50912828YV6 0.00 998,600.0012421,000,000.00 1.700FFCB 1,416.66 0.00 1,416.661.726101998,600.003133ELEA8 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:51 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 AccretionAmortization/EarningsAdjusted Interest November 1, 2021 - November 30, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 248,000.001244248,000.00 1.900WFNBW 387.29 0.00 387.291.900101248,000.00949495AT2 0.00 999,000.0012461,000,000.00 1.430FFCB 1,191.67 0.00 1,191.671.451101999,000.003133ELNE0 0.00 999,217.3612471,000,000.00 1.400FFCB 1,166.67 0.00 1,166.671.421101999,217.363133EGWJ0 0.00 248,000.001248248,000.00 1.550FRDMFI 315.95 0.00 315.951.550101248,000.0035637RDC8 0.00 248,000.001249248,000.00 1.650UNTDCM 336.33 0.00 336.331.650101248,000.0090983WBT7 0.00 248,000.001250248,000.00 1.6501STNMI 336.33 0.00 336.331.650101248,000.0032114VBT3 0.00 245,000.001251245,000.00 1.650RLLSTN 332.26 0.00 332.261.650101245,000.0077579ADF0 0.00 248,000.001252248,000.00 1.650CITADL 336.33 0.00 336.331.650101248,000.0017286TAG0 0.00 245,000.001253245,000.00 1.600SYNOVS 322.19 0.00 322.191.600101245,000.0087164DRD4 0.00 248,000.001254248,000.00 1.600SERVIS 326.14 0.00 326.141.600101248,000.0081768PAF3 0.00 248,000.001255248,000.00 1.600AMERST 326.14 0.00 326.141.600101248,000.00029728BC5 0.00 248,000.001256248,000.00 1.600ACCSS 326.14 0.00 326.141.600101248,000.0000435JBH5 0.00 248,000.001257248,000.00 1.500SPRING 305.76 0.00 305.761.500101248,000.00849430BF9 0.00 248,000.001258248,000.00 1.650AXOS 336.33 0.00 336.331.650101248,000.0005465DAE8 0.00 245,000.001259245,000.00 1.200CADNCE 241.64 0.00 241.641.200101245,000.0012738RFX7 0.00 245,000.001260245,000.00 1.100TEXAS 221.51 0.00 221.511.100101245,000.00882213AB7 0.00 248,000.001261248,000.00 1.100SNTCLR 224.22 0.00 224.221.100101248,000.0006424KBC3 0.00 248,000.001262248,000.00 1.350TRIAD 275.18 0.00 275.181.350101248,000.0089579NCD3 0.00 248,000.001263248,000.00 1.150NRTHSR 234.41 0.00 234.411.150101248,000.0066704MEQ0 0.00 248,000.001264248,000.00 1.300BELLCO 264.99 0.00 264.991.300101248,000.0007833EAD9 0.00 248,000.001265248,000.00 1.150WESTMI 234.41 0.00 234.411.150101248,000.00954444BS3 0.00 248,000.001266248,000.00 1.400NCOLET 285.37 0.00 285.371.400101248,000.00654062JZ2 0.00 248,000.001267248,000.00 1.400ALMABK 285.37 0.00 285.371.400101248,000.00020080BX4 0.00 248,000.001268248,000.00 1.250CMWBUS 254.79 0.00 254.791.250101248,000.002027506M2 0.00 245,000.001269245,000.00 1.300PACWST 261.78 0.00 261.781.300101245,000.0069506YRH4 0.00 248,000.001270248,000.00 1.250BELB&T 254.79 0.00 254.791.250101248,000.0008016PDQ9 0.00 245,000.001271245,000.00 1.600CAPONE 322.20 0.00 322.201.600101245,000.0014042TDD6 0.00 248,000.001272248,000.00 1.250THEJEF 254.80 0.00 254.801.250101248,000.00472382AQ3 0.00 249,000.001273249,000.00 1.2001STFDM 245.60 0.00 245.601.200101249,000.0032027BAL1 0.00 248,000.001274248,000.00 1.3501STMCG 275.18 0.00 275.181.350101248,000.0032112UDR9 0.00 248,000.001276248,000.00 1.250FLGSTR 254.79 0.00 254.791.250101248,000.0033847E3A3 0.00 245,000.001277245,000.00 1.000WSTRNS 201.37 0.00 201.371.000101245,000.0095960NKD8 0.00 248,000.001278248,000.00 1.0001STINT 203.84 0.00 203.841.000101248,000.0032056GDJ6 0.00 1,000,000.0012791,000,000.00 0.625FHLMC 520.83 0.00 520.830.6341011,000,000.003134GVYG7 0.00 499,850.001280500,000.00 0.500FFCB 208.33 0.00 208.330.507101499,850.003133ELH23 0.00 499,850.001281500,000.00 0.500FHLB 208.34 0.00 208.340.507101499,850.003130AJKW8 0.00 500,000.001282500,000.00 0.680FFCB 283.33 0.00 283.330.689101500,000.003133ELH80 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:51 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 AccretionAmortization/EarningsAdjusted Interest November 1, 2021 - November 30, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 300,000.001283300,000.00 0.680FHLB 170.00 0.00 170.000.689101300,000.003130AJRP6 0.00 248,000.001284248,000.00 0.600CHIPVA 122.30 0.00 122.300.600101248,000.00169894AS1 0.00 248,000.001285248,000.00 0.350AMR1ST 71.34 0.00 71.340.350101248,000.0002616AAH2 0.00 248,000.001286248,000.00 0.500STHRNB 101.92 0.00 101.920.500101248,000.0084223QAN7 0.00 248,000.001287248,000.00 0.500BKPRNC 101.92 0.00 101.920.500101248,000.00064520BG3 0.00 500,000.001288500,000.00 0.500FNMA 208.34 0.00 208.340.507101500,000.003135G05S8 0.00 1,000,000.0012891,000,000.00 0.560FNMA 466.67 0.00 466.670.5681011,000,000.003136G4N74 0.00 499,750.001290500,000.00 0.520FNMA 216.67 0.00 216.670.527101499,750.003136G4M75 0.00 499,250.001291500,000.00 0.420FNMA 175.00 0.00 175.000.426101499,250.003135G06E8 0.00 499,250.001292500,000.00 0.560FNMA 233.33 0.00 233.330.569101499,250.003135GA2Z3 0.00 3,013,755.6712933,013,755.67BNY 0.01 0.00 0.011014,017,708.13SYS1293 0.00 997,300.0012971,000,000.00 0.375FHLMC 312.50 0.00 312.500.381101997,300.003137EAEU9 0.00 497,400.001298500,000.00 0.375FHLB 156.25 0.00 156.250.382101497,400.003130AKFA9 0.00 500,000.001299500,000.00 0.600FNMA 250.00 0.00 250.000.608101500,000.003135GA7D7 0.00 500,000.001300500,000.00 0.400FNMA 166.67 0.00 166.670.406101500,000.003135GAAW1 0.00 500,000.001301500,000.00 0.550FHLMC 229.16 0.00 229.160.558101500,000.003134GXGZ1 0.00 500,000.001302500,000.00 0.510FHLB 212.50 0.00 212.500.517101500,000.003130AKMZ6 0.00 498,632.811303500,000.00 0.375USTR 152.86 0.00 152.860.373101498,632.8191282CBC4 0.00 500,000.001304500,000.00 0.550FHLB 229.16 0.00 229.160.558101500,000.003130AKN28 0.00 248,000.001305248,000.00 0.500LNDMRK 101.92 0.00 101.920.500101248,000.0051507LCC6 0.00 245,000.001306245,000.00 0.500EVRBA 100.68 0.00 100.680.500101245,000.0087270LDL4 0.00 495,999.501307500,000.00 0.375FHLMC 156.25 0.00 156.250.383101495,999.503137EAEX3 0.00 497,300.001308500,000.00 0.500IFC 203.81 0.00 203.810.499101497,300.0045950VPS9 0.00 495,100.001309500,000.00 0.375USTR 152.85 0.00 152.850.376101495,100.0091282CBH3 0.00 983,940.0013101,000,000.00 0.375FHLMC 312.50 0.00 312.500.386101983,940.003137EAEX3 0.00 977,500.0013111,000,000.00 0.250USTR 207.18 0.00 207.180.258101977,500.0091282CAT8 0.00 500,000.001312500,000.00 0.500FHLB 208.33 0.00 208.330.507101500,000.003130ALV92 0.00 249,000.001313249,000.00 0.950GRNST 194.42 0.00 194.420.950101249,000.0039573LBC1 0.00 245,000.001314245,000.00 0.900TOYFSB 181.23 0.00 181.230.900101245,000.0089235MKY6 0.00 492,187.501315500,000.00 0.375USTR 153.72 0.00 153.720.380101492,187.5091282CAZ4 0.00 248,000.001316248,000.00 0.750CARTER 152.88 0.00 152.880.750101248,000.0014622LAA0 0.00 248,000.001317248,000.00 0.700FIDHMS 142.68 0.00 142.680.700101248,000.0031617CAV5 0.00 406,804.041318406,804.04DPME 0.00 0.00 0.00101378,955.53SYS1318 0.00 494,165.001319500,000.00 0.500USTR 207.18 0.00 207.180.510101494,165.0091282CBQ3 0.00 499,525.001320500,000.00 0.750USTR 309.07 0.00 309.070.753101499,525.0091282CBT7 0.00 997,060.0013211,000,000.00 0.750USTR 614.86 0.00 614.860.750101997,060.0091282CCF6 0.00 498,450.001322500,000.00 0.750USTR 309.07 0.00 309.070.754101498,450.0091282CBT7 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:51 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 AccretionAmortization/EarningsAdjusted Interest November 1, 2021 - November 30, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 497,095.001323500,000.00 0.750USTR 307.43 0.00 307.430.752101497,095.0091282CCF6 0.00 993,420.0013241,000,000.00 0.750FHLB 625.00 0.00 625.000.765101993,420.003130AMFS6 0.00 248,377.501325249,000.00 0.800VIBRNT 163.73 0.00 163.730.802101248,377.5092559TAJ7 0.00 248,000.001326248,000.00 1.000GLDMAN 203.84 0.00 203.841.000101248,000.0038149MXK4 0.00 248,000.001327248,000.00 1.000SALMAE 203.84 0.00 203.841.000101248,000.00795451AF0 0.00 248,000.001328248,000.00 0.400TABBK 81.53 0.00 81.530.400101248,000.0089388CEY0 0.00 248,000.001329248,000.00 0.400BKOZK 81.53 0.00 81.530.400101248,000.0006417NZQ9 0.00 498,000.001330500,000.00 0.710FFCB 295.83 0.00 295.830.723101498,000.003133EM2C5 0.00 249,000.001331249,000.00 0.700PENTGN 143.26 0.00 143.260.700101249,000.0070962LAF9 0.00 245,000.001332245,000.00 0.900SYNCHR 181.23 0.00 181.230.900101245,000.0087165ET98 0.00 245,000.001333245,000.00 0.650BMW 130.89 0.00 130.890.650101245,000.0005580AD50 0.00 248,000.001334248,000.00 0.800CONNEC 163.06 0.00 163.060.800101248,000.0020786ADL6 0.00 983,750.0013351,000,000.00 0.625USTR 509.51 0.00 509.510.630101983,750.0091282CCP4 0.00 988,500.0013361,000,000.00 0.750USTR 621.55 0.00 621.550.765101988,500.0091282CCW9 0.00 999,000.0013371,000,000.00 1.000FHLB 833.33 0.00 833.331.015101999,000.003130APBM6 0.00 991,080.0013381,000,000.00 0.800FFCB 666.67 0.00 666.670.818101991,080.003133EM4X7 0.00 998,250.0013391,000,000.00 0.950FHLB 791.67 0.00 791.670.965101998,250.003130APB46 0.00 499,002.041340500,000.00 0.170FFCB 70.84 0.00 70.840.173101499,002.043133EMX64 0.00 497,792.971341500,000.00 0.125USTR 50.95 0.00 50.950.125101497,792.9791282CCN9 0.00 991,000.0013421,000,000.00 0.125USTR 101.91 0.00 101.910.125101991,000.0091282CBE0 0.00 996,320.0013431,000,000.00 0.625USTR 515.11 0.00 515.110.629101996,320.0091282CDB4 0.00 1,000,000.0013441,000,000.00 1.270FFCB 1,023.06 0.00 1,023.061.2881010.003133ENCQ1 0.00 249,000.001345249,000.00 1.100MRRCK 157.58 0.00 157.581.1001010.0059013KPN0 0.00 248,000.001346248,000.00 1.100CAP1NA 104.64 0.00 104.641.1001010.0014042RQB0 0.00 499,500.001347500,000.00 0.700FHLB 68.06 0.00 68.060.7101010.003130APTV7 0.00 168,789,234.82Subtotal 168,542,109.50 0.751 102,469.830.0096,121.03165,056,241.85 6,348.80 Fund: Fiscal Agent 1,437.4810581,437.48USBANK 0.01 0.00 0.010.0082311,437.47SYS1058 0.00 1,437.48Subtotal 1,437.48 0.008 0.010.000.011,437.47 0.00 Fund: Housing Authority : WSA and LQ 384,339.151062384,339.15LQPR 0.00 0.00 0.00241367,857.92SYS1062 0.00 384,339.15Subtotal 384,339.15 0.000.000.00367,857.92 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:51 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 7 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest November 1, 2021 - November 30, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: SA Low/Mod Bond Fund 10,595,773.49111310,595,773.49 0.203LAIF 1,989.29 0.00 1,989.290.22824910,595,773.4925-33-005 0.00 10,595,773.49Subtotal 10,595,773.49 0.228 1,989.290.001,989.2910,595,773.49 0.00 179,770,784.94Total 179,523,659.62 0.718 104,459.130.0098,110.33176,021,310.73 6,348.80 Portfolio CITY CP Run Date: 02/17/2022 - 15:51 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 December 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Bank Accounts 1Bank of New York1293 4,073,116.39 4,073,116.3909/01/2020 4,073,116.39 1SYS1293 0.000 1Bank of the West1228 7,985,504.04 7,985,504.0408/20/2019 7,985,504.04 1059731851 0.000 1City Petty Cash1059 3,300.00 3,300.0007/01/2016 3,300.00 1SYS1059 0.000 1Dune Palms Mobile Estates1318 440,079.22 440,079.2203/09/2021 440,079.22 1SYS1318 0.000 1La Quinta Palms Realty1062 381,048.92 381,048.9207/01/2016 381,048.92 1SYS1062 0.000 12,883,048.57 112,883,048.5712,883,048.5712,348,448.51Subtotal and Average 1 0.000 Local Agency Investment Fund-City 1Local Agency Inv Fund1055 63,519,640.72 63,519,640.72 0.21263,525,193.90 198-33-434 0.212 63,519,640.72 163,525,193.9063,519,640.7264,035,769.75Subtotal and Average 1 0.212 Local Agency Invstmnt Fund-Housing 1Local Agency Inv Fund1113 10,595,773.49 10,595,773.49 0.21210,596,651.37 125-33-005 0.212 10,595,773.49 110,596,651.3710,595,773.4910,595,773.49Subtotal and Average 1 0.212 Money Market/Mutual Funds 1Dreyfus12940.00 0.0007/01/2021 0.00 1X9USDDTP3 0.000 0.00 00.000.000.00Subtotal and Average 0 0.000 Money Market Accounts - CAMP 1California Asset Management Pr1153 855,630.59 855,630.59 0.05009/26/2018 855,630.59 1SYS1153 0.050 855,630.59 1855,630.59855,630.59855,595.20Subtotal and Average 1 0.050 Federal Agency Coupon Securities 248Federal National Mtg Assn1233 1,000,000.00 992,100.00 09/06/20221.37510/29/2019 1,007,550.00 1,0433135G0W33 1.659 271Federal Farm Credit Bank1247 1,000,000.00 999,217.36 09/29/20221.40002/05/2020 1,009,510.00 9673133EGWJ0 1.430 345Federal Farm Credit Bank1198 500,000.00 499,500.00 12/12/20221.87506/20/2019 508,170.00 1,2713133EKQP4 1.905 389Federal Farm Credit Bank1348 1,000,000.00 998,530.00 01/25/20230.18012/07/2021 998,090.00 4143133ENBT6 0.310 482Federal Farm Credit Bank1340 500,000.00 499,002.04 04/28/20230.17010/22/2021 499,245.00 5533133EMX64 0.302 590Federal Farm Credit Bank1223 500,000.00 499,400.00 08/14/20231.60009/12/2019 509,780.00 1,4323133EKZK5 1.632 612Federal Farm Credit Bank1158 250,000.00 247,275.00 09/05/20232.80010/15/2018 259,977.50 1,7863133EJYL7 3.041 669Federal Farm Credit Bank1234 1,000,000.00 996,900.00 11/01/20231.60011/01/2019 1,020,810.00 1,4613133EK4X1 1.680 773Federal Home Loan Bank1177 500,000.00 498,550.00 02/13/20242.50003/01/2019 518,055.00 1,8103130AFW94 2.563 774Federal Farm Credit Bank1246 1,000,000.00 999,000.00 02/14/20241.43002/14/2020 1,018,540.00 1,4613133ELNE0 1.456 913Federal National Mtg Assn1206 500,000.00 495,950.00 07/02/20241.75007/15/2019 511,055.00 1,8143135G0V75 1.922 Portfolio CITY CP Run Date: 02/17/2022 - 15:36 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 December 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Federal Agency Coupon Securities 937Federal Farm Credit Bank1212 500,000.00 499,500.00 07/26/20241.85008/02/2019 514,670.00 1,8203133EKWV4 1.871 990Federal Farm Credit Bank1224 500,000.00 498,750.00 09/17/20241.60009/17/2019 508,755.00 1,8273133EKP75 1.652 990Federal Farm Credit Bank1242 1,000,000.00 998,600.00 09/17/20241.70012/17/2019 1,025,640.00 1,7363133ELEA8 1.731 1,052Federal National Mtg Assn1291 500,000.00 499,250.00 11/18/20240.42011/18/2020 491,920.00 1,4613135G06E8 0.458 1,073Federal Farm Credit Bank1355 1,000,000.00 1,000,000.00 12/09/20240.97012/09/2021 999,430.00 1,0963133ENGN4 0.970 1,094Federal National Mtg Assn1300 500,000.00 500,000.00 12/30/20240.40012/30/2020 492,700.00 1,4613135GAAW1 0.400 1,102Federal Home Loan Bank1353 1,000,000.00 987,100.00 01/07/20250.55012/07/2021 985,200.00 1,1273130AP2U8 0.976 1,242Federal Home Loan Mtg Corp1279 1,000,000.00 1,000,000.00 05/27/20250.62505/27/2020 986,430.00 1,8263134GVYG7 0.625 1,255Federal Farm Credit Bank1280 500,000.00 499,850.00 06/09/20250.50006/09/2020 491,675.00 1,8263133ELH23 0.506 1,256Federal Farm Credit Bank1282 500,000.00 500,000.00 06/10/20250.68006/10/2020 490,280.00 1,8263133ELH80 0.680 1,259Federal Home Loan Bank1281 500,000.00 499,850.00 06/13/20250.50006/03/2020 490,625.00 1,8363130AJKW8 0.506 1,276Federal Home Loan Bank1283 300,000.00 300,000.00 06/30/20250.68006/30/2020 295,299.00 1,8263130AJRP6 0.680 1,297Federal Home Loan Mtg Corp1297 1,000,000.00 997,300.00 07/21/20250.37512/07/2020 974,800.00 1,6873137EAEU9 0.434 1,321Federal National Mtg Assn1288 500,000.00 500,000.00 08/14/20250.50008/14/2020 488,575.00 1,8263135G05S8 0.500 1,325Federal National Mtg Assn1290 500,000.00 499,750.00 08/18/20250.52008/28/2020 489,210.00 1,8163136G4M75 0.530 1,328Federal National Mtg Assn1289 1,000,000.00 1,000,000.00 08/21/20250.56008/21/2020 978,560.00 1,8263136G4N74 0.560 1,361Federal Home Loan Mtg Corp1307 500,000.00 495,999.50 09/23/20250.37502/23/2021 486,575.00 1,6733137EAEX3 0.552 1,361Federal Home Loan Mtg Corp1310 1,000,000.00 983,940.00 09/23/20250.37503/30/2021 973,150.00 1,6383137EAEX3 0.740 1,406Federal National Mtg Assn1354 1,000,000.00 976,300.00 11/07/20250.50012/07/2021 975,920.00 1,4313135G06G3 1.120 1,416Federal National Mtg Assn1292 500,000.00 499,250.00 11/17/20250.56011/17/2020 489,275.00 1,8263135GA2Z3 0.590 1,441Federal Home Loan Bank1298 500,000.00 497,400.00 12/12/20250.37512/07/2020 484,420.00 1,8313130AKFA9 0.480 1,452Federal National Mtg Assn1299 500,000.00 500,000.00 12/23/20250.60012/23/2020 489,435.00 1,8263135GA7D7 0.600 1,459Federal Home Loan Mtg Corp1301 500,000.00 500,000.00 12/30/20250.55012/30/2020 491,310.00 1,8263134GXGZ1 0.550 1,474Federal Home Loan Bank1302 500,000.00 500,000.00 01/14/20260.51001/14/2021 489,045.00 1,8263130AKMZ6 0.510 1,489Federal Home Loan Bank1304 500,000.00 500,000.00 01/29/20260.55001/29/2021 489,495.00 1,8263130AKN28 0.550 1,549Federal Home Loan Bank1312 500,000.00 500,000.00 03/30/20260.50003/30/2021 497,565.00 1,8263130ALV92 0.938 1,623Federal Home Loan Bank1324 1,000,000.00 993,420.00 06/12/20260.75006/17/2021 980,130.00 1,8213130AMFS6 0.885 1,682Federal Farm Credit Bank1330 500,000.00 498,000.00 08/10/20260.71008/10/2021 488,485.00 1,8263133EM2C5 0.792 1,713Federal Farm Credit Bank1338 1,000,000.00 991,080.00 09/10/20260.80009/28/2021 978,490.00 1,8083133EM4X7 0.985 1,733Federal Home Loan Bank1337 1,000,000.00 999,000.00 09/30/20261.00009/30/2021 987,180.00 1,8263130APBM6 1.021 1,746Federal Home Loan Bank1339 1,000,000.00 998,250.00 10/13/20260.95010/13/2021 985,220.00 1,8263130APB46 0.986 1,766Federal Farm Credit Bank1344 1,000,000.00 1,000,000.00 11/02/20261.27011/02/2021 996,710.00 1,8263133ENCQ1 1.270 1,788Federal Home Loan Bank1347 500,000.00 499,500.00 11/24/20260.70011/24/2021 499,130.00 1,8263130APTV7 1.489 1,815Federal Home Loan Bank1358 1,000,000.00 999,750.00 12/21/20261.25012/22/2021 999,120.00 1,8253130AQF65 1.255 31,437,263.90 1,58531,345,206.5031,550,000.0029,928,672.61Subtotal and Average 1,186 1.023 Portfolio CITY CP Run Date: 02/17/2022 - 15:36 PM (PRF_PM2) 7.3.0 Days to Maturity Page 3 Par Value Book Value Maturity Date Stated RateMarket Value December 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Treasury Coupon Securities 134U.S. Treasury1192 500,000.00 496,650.00 05/15/20221.75005/31/2019 502,930.00 1,080912828SV3 1.984 272U.S. Treasury1178 500,000.00 489,687.50 09/30/20221.87503/01/2019 505,760.00 1,3099128282W9 2.480 454U.S. Treasury1349 1,000,000.00 996,718.75 03/31/20230.12512/07/2021 995,430.00 47991282CBU4 0.376 515U.S. Treasury1350 1,000,000.00 995,468.75 05/31/20230.12512/07/2021 993,830.00 54091282CCD1 0.432 576U.S. Treasury1341 500,000.00 497,792.97 07/31/20230.12510/22/2021 496,115.00 64791282CCN9 0.375 637U.S. Treasury1217 500,000.00 499,300.00 09/30/20231.37508/21/2019 506,095.00 1,501912828T26 1.410 713U.S. Treasury1351 1,000,000.00 990,000.00 12/15/20230.12512/07/2021 988,630.00 73891282CBA8 0.623 744U.S. Treasury1342 1,000,000.00 991,000.00 01/15/20240.12510/22/2021 987,540.00 81591282CBE0 0.531 804U.S. Treasury1352 1,000,000.00 989,800.00 03/15/20240.25012/07/2021 988,200.00 82991282CBR1 0.704 1,018U.S. Treasury1343 1,000,000.00 996,320.00 10/15/20240.62510/22/2021 992,110.00 1,08991282CDB4 0.750 1,064U.S. Treasury1241 1,000,000.00 989,687.50 11/30/20241.50012/16/2019 1,015,980.00 1,811912828YV6 1.718 1,399U.S. Treasury1311 1,000,000.00 977,500.00 10/31/20250.25003/30/2021 966,910.00 1,67691282CAT8 0.750 1,429U.S. Treasury1315 500,000.00 492,187.50 11/30/20250.37504/22/2021 485,115.00 1,68391282CAZ4 0.720 1,460U.S. Treasury1303 500,000.00 498,632.81 12/31/20250.37501/07/2021 484,865.00 1,81991282CBC4 0.431 1,491U.S. Treasury1309 500,000.00 495,100.00 01/31/20260.37502/23/2021 483,945.00 1,80391282CBH3 0.577 1,519U.S. Treasury1319 500,000.00 494,165.00 02/28/20260.50005/28/2021 486,035.00 1,73791282CBQ3 0.750 1,550U.S. Treasury1320 500,000.00 499,525.00 03/31/20260.75005/28/2021 490,760.00 1,76891282CBT7 0.770 1,550U.S. Treasury1322 500,000.00 498,450.00 03/31/20260.75006/17/2021 490,760.00 1,74891282CBT7 0.816 1,611U.S. Treasury1321 1,000,000.00 997,060.00 05/31/20260.75006/01/2021 980,000.00 1,82591282CCF6 0.810 1,611U.S. Treasury1323 500,000.00 497,095.00 05/31/20260.75006/17/2021 490,000.00 1,80991282CCF6 0.870 1,672U.S. Treasury1335 1,000,000.00 983,750.00 07/31/20260.62509/29/2021 972,930.00 1,76691282CCP4 0.970 1,703U.S. Treasury1336 1,000,000.00 988,500.00 08/31/20260.75009/29/2021 978,200.00 1,79791282CCW9 0.990 16,354,390.78 1,32116,282,140.0016,500,000.0015,585,619.01Subtotal and Average 1,079 0.863 Certificate of Deposits 18The Ohio Valley Bank1089 240,000.00 240,000.00 01/19/20221.90007/19/2017 240,227.98 1,645677721CN0 1.903 30Third Federal Savings and Loan1112 245,000.00 245,000.00 01/31/20222.50001/30/2018 245,506.06 1,46288413QBY3 2.502 31Discover Bank Greenwood DE CF1066 240,000.00 240,000.00 02/01/20222.25002/01/2017 240,458.42 1,8262546722U1 2.251 58Maine Savings FCU1171 248,000.00 248,000.00 02/28/20223.30012/28/2018 249,300.46 1,158560507AK1 3.306 76Luana Savings Bank1225 245,000.00 245,000.00 03/18/20221.60009/18/2019 245,743.40 912549104JN8 1.599 88Bellco Credit Union1264 248,000.00 248,000.00 03/30/20221.30003/31/2020 248,686.48 72907833EAD9 1.300 89Cadence Bank, NA1259 245,000.00 245,000.00 03/31/20221.20003/31/2020 245,587.20 73012738RFX7 1.200 89Bank of Santa Clarita1261 248,000.00 248,000.00 03/31/20221.10003/31/2020 248,532.99 73006424KBC3 1.100 118Farmers Insurance Group FCU1126 240,000.00 240,000.00 04/29/20222.80004/30/2018 242,029.92 1,46030960QAG2 2.802 136Kansas State Bank1101 245,000.00 245,000.00 05/17/20222.10011/17/2017 246,695.78 1,64250116CBE8 2.099 Portfolio CITY CP Run Date: 02/17/2022 - 15:36 PM (PRF_PM2) 7.3.0 Days to Maturity Page 4 Par Value Book Value Maturity Date Stated RateMarket Value December 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 158PCSB Bank1149 245,000.00 245,000.00 06/08/20223.00006/08/2018 247,919.30 1,46169324MAD7 3.002 159Synovus Bank1253 245,000.00 245,000.00 06/09/20221.60003/09/2020 246,413.35 82287164DRD4 1.602 163Allegiance Bank1143 245,000.00 245,000.00 06/13/20223.10006/13/2018 248,120.33 1,46101748DBE5 3.102 178America's Credit Union1200 248,000.00 248,000.00 06/28/20222.30006/28/2019 250,464.07 1,09603065AAL7 2.302 219Traditions Bank1148 245,000.00 245,000.00 08/08/20223.00006/08/2018 248,988.45 1,52289269CBX9 3.002 234CIT Bank NA1219 245,000.00 245,000.00 08/23/20221.90008/23/2019 247,500.80 1,09612556LBA3 1.902 240American Express Fed Savings B1096 240,000.00 240,000.00 08/29/20222.40008/29/2017 243,313.87 1,82602587CFU9 2.402 240Sterling Bank1201 245,000.00 245,000.00 08/29/20222.15006/28/2019 247,973.74 1,15885916VDC6 2.153 285Alliance Credit Union1095 245,000.00 245,000.00 10/13/20222.25010/13/2017 248,669.35 1,82601859BAA3 2.251 297Barclays Bank1097 240,000.00 240,000.00 10/25/20222.30010/25/2017 243,844.21 1,82606740KLJ4 2.291 311Mountain America Federal CU1099 245,000.00 245,000.00 11/08/20222.30011/08/2017 248,953.95 1,82662384RAC0 2.301 321CrossFirst Bank1106 245,000.00 245,000.00 11/18/20222.20011/20/2017 248,861.76 1,82422766ACB9 2.201 331Enterprise Bank, NA1107 245,000.00 245,000.00 11/28/20222.15011/28/2017 248,868.74 1,82629367QCP1 2.151 340Medallion Bank1169 248,000.00 248,000.00 12/07/20223.40012/07/2018 254,773.45 1,46158404DCX7 3.402 340Red Rocks Credit Union1166 248,000.00 248,000.00 12/07/20223.35012/07/2018 254,656.30 1,46175701LAB3 3.352 362Knoxville TVA Credit Union1110 245,000.00 245,000.00 12/29/20222.40012/29/2017 249,658.58 1,826499724AB8 2.401 363Kern FCU1239 248,000.00 248,000.00 12/30/20221.90012/30/2019 251,478.30 1,09649228XAK6 1.902 363San Francisco FCU1240 248,000.00 248,000.00 12/30/20221.85012/30/2019 251,353.27 1,09679772FAC0 1.852 394Wells Fargo Natl Bank West1244 248,000.00 248,000.00 01/30/20231.90001/29/2020 251,571.38 1,097949495AT2 1.900 416Servisfirst Bank1254 248,000.00 248,000.00 02/21/20231.60002/21/2020 250,824.52 1,09681768PAF3 1.601 423Verus Bank of Commerce1180 248,000.00 248,000.00 02/28/20232.70002/28/2019 254,072.38 1,46192535LCD4 2.700 445Aneca Federal Credit Union1119 245,000.00 245,000.00 03/22/20232.80003/22/2018 251,508.84 1,826034577AH9 2.802 454Northstar Bank1263 248,000.00 248,000.00 03/31/20231.15003/31/2020 249,491.50 1,09566704MEQ0 1.150 454West Michigan Cmnty Bk1265 248,000.00 248,000.00 03/31/20231.15003/31/2020 249,491.50 1,095954444BS3 1.150 465Citibank NA1123 245,000.00 245,000.00 04/11/20232.90004/11/2018 252,021.45 1,82617312QJ26 2.902 482Congressional Bank1189 248,000.00 248,000.00 04/28/20232.50004/30/2019 254,053.30 1,45920726ABA5 2.502 482EnerBank USA1125 240,000.00 240,000.00 04/28/20232.95004/30/2018 247,300.11 1,82429278TAY6 2.952 489First National Bank1179 248,000.00 248,000.00 05/05/20232.80003/05/2019 255,046.08 1,52232117BCX4 2.802 522Pittsfield Cooperative Bank1194 245,000.00 245,000.00 06/07/20232.50006/07/2019 251,247.14 1,461725404AB3 2.502 535Morton Community1173 248,000.00 248,000.00 06/20/20232.75003/20/2019 255,408.56 1,553619165JD6 2.753 535RCB Bank1144 245,000.00 245,000.00 06/20/20233.15006/20/2018 253,769.68 1,82674934YAH4 3.152 541American First CU1285 248,000.00 248,000.00 06/26/20230.35006/26/2020 246,581.95 1,09502616AAH2 0.350 564American National Bank1205 248,000.00 248,000.00 07/19/20232.00007/19/2019 252,792.20 1,46102772JBD1 2.001 565First National Bank of America1147 245,000.00 245,000.00 07/20/20233.15007/20/2018 254,144.48 1,82632110YLK9 3.152 576Bank of New England1151 249,000.00 249,000.00 07/31/20233.25007/31/2018 258,748.48 1,82606426KAN8 3.252 599Raymond James Bank1218 244,000.00 244,000.00 08/23/20231.95008/23/2019 248,671.61 1,46175472RAD3 1.951 Portfolio CITY CP Run Date: 02/17/2022 - 15:36 PM (PRF_PM2) 7.3.0 Days to Maturity Page 5 Par Value Book Value Maturity Date Stated RateMarket Value December 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 636Triad Bank1262 248,000.00 248,000.00 09/29/20231.35003/30/2020 250,303.79 1,27889579NCD3 1.352 654Cache Valley BK F/K/A Marlin1155 248,000.00 248,000.00 10/17/20233.30010/17/2018 258,965.91 1,82657116ARV2 3.302 654Municipal Trust and Savings1160 245,000.00 245,000.00 10/17/20233.20010/17/2018 255,391.08 1,826625925AR3 3.202 654UBS Bank USA1161 245,000.00 245,000.00 10/17/20233.35010/17/2018 256,054.35 1,82690348JEJ5 3.352 656Jefferson Financial CU1154 245,000.00 245,000.00 10/19/20233.35010/19/2018 256,065.51 1,826474067AQ8 3.352 683Commercial Bank1162 248,000.00 248,000.00 11/15/20233.40011/15/2018 259,771.09 1,82620143PDV9 3.402 696Numerica Credit Union1164 248,000.00 248,000.00 11/28/20233.55011/28/2018 260,706.84 1,82667054NAN3 3.552 719National Cooperative Bank, N.A1170 245,000.00 245,000.00 12/21/20233.40012/21/2018 257,062.45 1,826635573AL2 3.402 727Bar Harbor Bank and Trust1172 248,000.00 248,000.00 12/29/20233.35012/31/2018 260,120.33 1,824066851WJ1 3.352 758Lakeside Bank1208 248,000.00 248,000.00 01/29/20242.00007/30/2019 253,490.89 1,64451210SQU4 2.003 772Rollstone B&T1251 245,000.00 245,000.00 02/12/20241.65002/12/2020 248,587.90 1,46177579ADF0 1.651 773Northwest Bank1181 248,000.00 248,000.00 02/13/20242.95002/13/2019 258,503.01 1,82666736ABP3 2.951 787Wells Fargo1174 248,000.00 248,000.00 02/27/20243.00002/27/2019 258,959.54 1,826949763XY7 3.001 817Texas Bank Financial1260 245,000.00 245,000.00 03/28/20241.10003/31/2020 245,668.47 1,458882213AB7 1.101 835The Jefferson Bank1272 248,000.00 248,000.00 04/15/20241.25004/15/2020 249,439.66 1,461472382AQ3 1.251 836Belmont Bank and Trust1270 248,000.00 248,000.00 04/16/20241.25004/16/2020 249,441.37 1,46108016PDQ9 1.251 836Pacific Western Bank1269 245,000.00 245,000.00 04/16/20241.30004/16/2020 246,700.12 1,46169506YRH4 1.301 846Main Street Bank1188 248,000.00 248,000.00 04/26/20242.60004/26/2019 257,240.58 1,82756065GAG3 2.603 865First Service Bank1231 248,000.00 248,000.00 05/15/20241.70011/15/2019 252,029.36 1,64333640VDD7 1.701 866JP Morgan Chase1185 245,000.00 245,000.00 05/16/20243.25005/16/2019 258,004.17 1,82748128HXU7 3.254 873Iowa State Bank1186 245,000.00 245,000.00 05/23/20242.40005/23/2019 253,109.01 1,82746256YAZ2 2.403 878Live Oak Bank1238 248,000.00 248,000.00 05/28/20241.80011/27/2019 252,686.97 1,644538036GV0 1.802 879Century Next Bank1184 248,000.00 248,000.00 05/29/20242.50005/29/2019 256,881.76 1,827156634AK3 2.503 888Plains Commerce Bank1195 245,000.00 245,000.00 06/07/20242.55006/07/2019 254,025.10 1,82772651LCL6 2.553 893Evansville Teachers Credit FCU1196 248,000.00 248,000.00 06/12/20242.60006/12/2019 257,511.31 1,827299547AQ2 2.603 900Legacy Bank1197 248,000.00 248,000.00 06/19/20242.40006/19/2019 256,359.92 1,827524661CB9 2.403 902Citizens State Bank1199 248,000.00 248,000.00 06/21/20242.40006/21/2019 256,378.25 1,827176688CP2 2.403 909Communitywide FCU1202 248,000.00 248,000.00 06/28/20242.25006/28/2019 255,514.65 1,82720416TAQ5 2.253 909Revere Bank1203 247,000.00 247,000.00 06/28/20242.30006/28/2019 254,775.44 1,827761402BY1 2.303 937Abacus Federal Savings1207 248,000.00 248,000.00 07/26/20241.95007/26/2019 253,708.43 1,82700257TBD7 1.952 941First Security Bank of WA1209 248,000.00 248,000.00 07/30/20242.00007/30/2019 254,052.36 1,82733625CCP2 2.002 942People's Bank1210 248,000.00 248,000.00 07/31/20242.00007/31/2019 253,935.50 1,827710571DS6 2.002 958Preferred Bank1213 249,000.00 249,000.00 08/16/20242.00008/16/2019 255,059.03 1,827740367HP5 2.002 965FirsTier Bank1216 249,000.00 249,000.00 08/23/20241.95008/23/2019 254,773.48 1,82733766LAJ7 1.952 965Washington Federal1215 248,000.00 248,000.00 08/23/20242.00008/23/2019 254,078.14 1,827938828BH2 2.002 972First State Bk DeQueen1222 248,000.00 248,000.00 08/30/20241.80008/30/2019 252,800.86 1,827336460CX6 1.802 Portfolio CITY CP Run Date: 02/17/2022 - 15:36 PM (PRF_PM2) 7.3.0 Days to Maturity Page 6 Par Value Book Value Maturity Date Stated RateMarket Value December 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 972First Natl Bk of Syracuse1221 249,000.00 249,000.00 08/30/20241.85008/30/2019 254,151.74 1,827334342CD2 1.852 972Celtic Bank1220 248,000.00 248,000.00 08/30/20241.85008/30/2019 253,131.05 1,82715118RRH2 1.852 983BMW Bank1333 245,000.00 245,000.00 09/10/20240.65009/10/2021 242,090.38 1,09605580AD50 0.651 1,000BankWest Inc1227 248,000.00 248,000.00 09/27/20241.70009/27/2019 252,127.71 1,82706652CHB0 1.702 1,028Southern Bancorp Bk1286 248,000.00 248,000.00 10/25/20240.50006/26/2020 243,738.82 1,58284223QAN7 0.500 1,041Sauk Valley B&T Co1235 248,000.00 248,000.00 11/07/20241.70011/07/2019 252,023.45 1,827804375DL4 1.702 1,054Morgan Stanley Bank1237 245,000.00 245,000.00 11/20/20241.95011/20/2019 250,772.90 1,82761690UNX4 1.952 1,054Morgan Stanley Private Bk, NA1236 245,000.00 245,000.00 11/20/20241.90011/20/2019 250,420.81 1,82761760A3B3 1.902 1,094Bank Princeton1287 248,000.00 248,000.00 12/30/20240.50006/30/2020 243,191.23 1,644064520BG3 0.500 1,118Transportation Alliance Bk TAB1328 248,000.00 248,000.00 01/23/20250.40007/23/2021 242,188.71 1,28089388CEY0 0.401 1,124Bank OZK1329 248,000.00 248,000.00 01/29/20250.40007/29/2021 242,158.14 1,28006417NZQ9 0.401 1,133United Community1249 248,000.00 248,000.00 02/07/20251.65002/07/2020 251,610.14 1,82790983WBT7 1.652 1,140First National Bank Michigan1250 248,000.00 248,000.00 02/14/20251.65002/14/2020 251,631.99 1,82732114VBT3 1.652 1,140Freedom Financial1248 248,000.00 248,000.00 02/14/20251.55002/14/2020 250,860.86 1,82735637RDC8 1.552 1,147American State1255 248,000.00 248,000.00 02/21/20251.60002/21/2020 251,265.98 1,827029728BC5 1.602 1,153Citadel FCU1252 248,000.00 248,000.00 02/27/20251.65002/27/2020 251,672.64 1,82717286TAG0 1.652 1,167Access Bank1256 248,000.00 248,000.00 03/13/20251.60003/13/2020 251,242.35 1,82600435JBH5 1.601 1,174Spring Bank1257 248,000.00 248,000.00 03/20/20251.50003/20/2020 250,467.87 1,826849430BF9 1.501 1,180Axos Bank1258 248,000.00 248,000.00 03/26/20251.65003/26/2020 251,676.53 1,82605465DAE8 1.651 1,182Alma Bank1267 248,000.00 248,000.00 03/28/20251.40003/30/2020 249,685.54 1,824020080BX4 1.399 1,185Commonwealth Business Bk1268 248,000.00 248,000.00 03/31/20251.25003/31/2020 248,408.36 1,8262027506M2 1.251 1,185Nicolet Natl Bank1266 248,000.00 248,000.00 03/31/20251.40003/31/2020 249,609.40 1,826654062JZ2 1.401 1,193Capital One USA FDIC339541271 245,000.00 245,000.00 04/08/20251.60004/08/2020 248,182.42 1,82614042TDD6 1.601 1,213First Natl Bk McGregor1274 248,000.00 248,000.00 04/28/20251.35004/28/2020 249,237.00 1,82632112UDR9 1.351 1,214First Freedom Bank1273 249,000.00 249,000.00 04/29/20251.20004/29/2020 249,008.22 1,82632027BAL1 1.201 1,215Flagstar1276248,000.00 248,000.00 04/30/20251.25004/30/2020 248,415.39 1,82633847E3A3 1.251 1,2271st Internet Bank1278 248,000.00 248,000.00 05/12/20251.00005/11/2020 246,260.47 1,82732056GDJ6 0.985 1,228Western State Bank1277 245,000.00 245,000.00 05/13/20251.00005/13/2020 243,282.89 1,82695960NKD8 1.001 1,270Chippewa Valley Bk1284 248,000.00 248,000.00 06/24/20250.60006/24/2020 242,689.32 1,826169894AS1 0.600 1,340Pentagon FCU1331 249,000.00 249,000.00 09/02/20250.70009/01/2021 244,009.15 1,46270962LAF9 0.687 1,482Landmark Community Bank1305 248,000.00 248,000.00 01/22/20260.50001/22/2021 240,124.45 1,82651507LCC6 0.500 1,503TIAA FKA EverBank1306 245,000.00 245,000.00 02/12/20260.50002/12/2021 237,073.61 1,82687270LDL4 0.500 1,566Greenstate FCU1313 249,000.00 249,000.00 04/16/20260.95004/16/2021 245,188.41 1,82639573LBC1 0.951 1,572Toyota Financial Savings Bank1314 245,000.00 245,000.00 04/22/20260.90004/22/2021 240,725.20 1,82689235MKY6 0.900 1,577Carter FCU1316 248,000.00 248,000.00 04/27/20260.75004/27/2021 242,066.21 1,82614622LAA0 0.750 1,580Fidelity Homestead1317 248,000.00 248,000.00 04/30/20260.70004/30/2021 241,526.38 1,82631617CAV5 0.711 Portfolio CITY CP Run Date: 02/17/2022 - 15:36 PM (PRF_PM2) 7.3.0 Days to Maturity Page 7 Par Value Book Value Maturity Date Stated RateMarket Value December 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 1,637LCA Bank Corp1356 248,000.00 248,000.00 06/26/20261.00012/27/2021 244,452.39 1,642501798RP9 1.000 1,641Vibrant Credit Union1325 249,000.00 248,377.50 06/30/20260.80007/02/2021 243,217.22 1,82492559TAJ7 0.852 1,669Goldman Sachs1326 248,000.00 248,000.00 07/28/20261.00007/28/2021 244,317.95 1,82638149MXK4 1.001 1,669Sallie Mae Bank Salt Lake CIty1327 248,000.00 248,000.00 07/28/20261.00007/28/2021 244,317.95 1,826795451AF0 1.001 1,706Synchrony Bank Retail1332 245,000.00 245,000.00 09/03/20260.90009/03/2021 240,006.20 1,82687165ET98 0.900 1,727Connect One1334 248,000.00 248,000.00 09/24/20260.80009/24/2021 241,720.72 1,82620786ADL6 0.800 1,773Merrick Bank1345 249,000.00 249,000.00 11/09/20261.10011/09/2021 245,939.53 1,82659013KPN0 1.101 1,781Capital One Natl Assn FDIC42971346 248,000.00 248,000.00 11/17/20261.10011/17/2021 244,945.15 1,82614042RQB0 1.101 1,817Connexus CU1357 249,000.00 249,000.00 12/23/20261.25012/23/2021 247,615.47 1,82620825WAR1 1.250 31,338,377.50 1,63631,737,930.6031,339,000.0031,279,732.34Subtotal and Average 814 1.910 Corporate Notes 36Proctor and Gamble1159 500,000.00 487,950.00 02/06/20222.30010/15/2018 500,950.00 1,210742718DY2 3.071 348Wal-Mart Stores, Inc1190 500,000.00 496,650.00 12/15/20222.35004/16/2019 508,300.00 1,339931142DU4 2.799 396Colgate-Palmolive1175 500,000.00 485,250.00 02/01/20231.95003/04/2019 506,735.00 1,43019416QEA4 2.751 584Microsoft Corporation1157 400,000.00 378,360.00 08/08/20232.00010/15/2018 407,620.00 1,758594918BQ6 3.222 1,517International Finance Corp.1308 500,000.00 497,300.00 02/26/20260.50002/26/2021 487,415.00 1,82645950VPS9 0.610 2,345,510.00 1,5022,411,020.002,400,000.002,345,510.00Subtotal and Average 579 2.450 Money Market with Fiscal Agent 1US Bank1058 1,437.50 1,437.5007/01/2016 1,437.50 1SYS1058 0.000 1,437.50 11,437.501,437.501,437.48Subtotal and Average 1 0.000 CERBT - OPEB Trust 1CalPERS CERBT Plan1114 2,127,071.17 2,127,071.1707/01/2021 2,127,071.17 1SYS1114 0.000 2,127,071.17 12,127,071.172,127,071.172,050,305.67Subtotal and Average 1 0.000 PARS Pension Trust 1Pblc Agncy Rtrmnt Serv1230 11,569,836.95 11,569,836.9511,569,836.95 1SYS1230 0.000 11,569,836.95 111,569,836.9511,569,836.9511,446,247.14Subtotal and Average 1 0.000 Portfolio CITY CP Run Date: 02/17/2022 - 15:36 PM (PRF_PM2) 7.3.0 Days to Maturity Page 8 Par Value Book Value Stated RateMarket Value December 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date 690180,473,111.20 183,341,438.99 448 0.697183,335,167.15 183,027,981.17Total and Average Portfolio CITY CP Run Date: 02/17/2022 - 15:36 PM (PRF_PM2) 7.3.0 City of La Quinta Total Earnings City of La Quinta - Sorted by Fund - Fund December 1, 2021 - December 31, 2021 Current Rate Ending Par Value Ending Fund Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted InterestAnnualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 63,519,640.72105563,519,640.72 0.212LAIF 12,423.07 0.00 12,423.070.20510171,519,640.7298-33-434 0.00 3,300.0010593,300.00CITYPC 0.00 0.00 0.001013,300.00SYS1059 0.00 240,000.001066240,000.00 2.250DISCOV 458.63 0.00 458.632.250101240,000.002546722U1 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 468.19 0.00 468.192.250101245,000.0001859BAA3 0.00 240,000.001096240,000.00 2.400AMFSB 489.20 0.00 489.202.400101240,000.0002587CFU9 0.00 240,000.001097240,000.00 2.300BARCLY 468.82 0.00 468.822.300101240,000.0006740KLJ4 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 0.00 245,000.001106245,000.00 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 0.00 245,000.001110245,000.00 2.400KNOX 499.40 0.00 499.402.400101245,000.00499724AB8 0.00 245,000.001112245,000.00 2.5003RD 520.21 0.00 520.212.500101245,000.0088413QBY3 0.00 2,127,071.1711142,127,071.17CALPRS 0.00 0.00 0.001012,047,746.82SYS1114 0.00 245,000.001119245,000.00 2.800ANECA 582.63 0.00 582.632.800101245,000.00034577AH9 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 0.00 245,000.001143245,000.00 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 0.00 249,000.001151249,000.00 3.250NWENGL 687.31 0.00 687.313.250101249,000.0006426KAN8 0.00 855,630.591153855,630.59 0.050CAMP 36.57 0.00 36.570.050101855,594.02SYS1153 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 0.00 378,360.001157400,000.00 2.000MCRSFT 666.67 0.00 666.672.075101378,360.00594918BQ6 0.00 247,275.001158250,000.00 2.800FFCB 583.34 0.00 583.342.778101247,275.003133EJYL7 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:53 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 AccretionAmortization/EarningsAdjusted Interest December 1, 2021 - December 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 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 0.00 248,000.001166248,000.00 3.350REDRCK 705.61 0.00 705.613.350101248,000.0075701LAB3 0.00 0.0011670.00 3.200NEIGH 429.59 0.00 429.593.200101245,000.0064017AAQ7 0.00 248,000.001169248,000.00 3.400MEDBA 716.14 0.00 716.143.400101248,000.0058404DCX7 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 695.09 0.00 695.093.300101248,000.00560507AK1 0.00 248,000.001172248,000.00 3.350BARHAR 705.61 0.00 705.613.350101248,000.00066851WJ1 0.00 248,000.001173248,000.00 2.750MORTN 579.23 0.00 579.232.750101248,000.00619165JD6 0.00 248,000.001174248,000.00 3.000WELLS 631.89 0.00 631.893.000101248,000.00949763XY7 0.00 485,250.001175500,000.00 1.950COLGTE 812.50 0.00 812.501.971101485,250.0019416QEA4 0.00 498,550.001177500,000.00 2.500FHLB 1,041.67 0.00 1,041.672.460101498,550.003130AFW94 0.00 489,687.501178500,000.00 1.875USTR 798.42 0.00 798.421.920101489,687.509128282W9 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 499.39 0.00 499.392.400101245,000.0046256YAZ2 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 0.00 496,650.001192500,000.00 1.750USTR 749.31 0.00 749.311.776101496,650.00912828SV3 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 0.00 499,500.001198500,000.00 1.875FFCB 781.25 0.00 781.251.842101499,500.003133EKQP4 0.00 248,000.001199248,000.00 2.400CTZNST 505.52 0.00 505.522.400101248,000.00176688CP2 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 482.50 0.00 482.502.300101247,000.00761402BY1 0.00 248,000.001205248,000.00 2.000AMRNTL 421.26 0.00 421.262.000101248,000.0002772JBD1 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:53 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 AccretionAmortization/EarningsAdjusted Interest December 1, 2021 - December 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 495,950.001206500,000.00 1.750FNMA 729.16 0.00 729.161.731101495,950.003135G0V75 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 0.00 499,500.001212500,000.00 1.850FFCB 770.83 0.00 770.831.817101499,500.003133EKWV4 0.00 249,000.001213249,000.00 2.000PREFRD 422.96 0.00 422.962.000101249,000.00740367HP5 0.00 0.0012140.00 2.000UNTDCU 298.96 0.00 298.962.000101248,000.00910160AH3 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 0.00 499,300.001217500,000.00 1.375USTR 585.50 0.00 585.501.381101499,300.00912828T26 0.00 244,000.001218244,000.00 1.950RAYJAM 404.10 0.00 404.101.950101244,000.0075472RAD3 0.00 245,000.001219245,000.00 1.900CITBNK 395.36 0.00 395.361.900101245,000.0012556LBA3 0.00 248,000.001220248,000.00 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 0.00 499,400.001223500,000.00 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 0.00 245,000.001225245,000.00 1.600LUANA 332.93 0.00 332.931.600101245,000.00549104JN8 0.00 248,000.001227248,000.00 1.700BNKWST 358.07 0.00 358.071.700101248,000.0006652CHB0 0.00 7,985,504.0412287,985,504.04BOTW 0.01 0.00 0.011016,715,266.07059731851 0.00 11,569,836.95123011,569,836.95PARS 0.01 0.00 0.0110111,442,127.48SYS1230 0.00 248,000.001231248,000.00 1.7001STSER 358.07 0.00 358.071.700101248,000.0033640VDD7 0.00 992,100.0012331,000,000.00 1.375FNMA 1,145.83 0.00 1,145.831.360101992,100.003135G0W33 0.00 996,900.0012341,000,000.00 1.600FFCB 1,333.34 0.00 1,333.341.575101996,900.003133EK4X1 0.00 248,000.001235248,000.00 1.700SAUKVL 358.07 0.00 358.071.700101248,000.00804375DL4 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 0.00 248,000.001238248,000.00 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 0.00 989,687.5012411,000,000.00 1.500USTR 1,277.47 0.00 1,277.471.520101989,687.50912828YV6 0.00 998,600.0012421,000,000.00 1.700FFCB 1,416.67 0.00 1,416.671.670101998,600.003133ELEA8 0.00 248,000.001244248,000.00 1.900WFNBW 400.20 0.00 400.201.900101248,000.00949495AT2 0.00 999,000.0012461,000,000.00 1.430FFCB 1,191.66 0.00 1,191.661.404101999,000.003133ELNE0 0.00 999,217.3612471,000,000.00 1.400FFCB 1,166.67 0.00 1,166.671.375101999,217.363133EGWJ0 0.00 248,000.001248248,000.00 1.550FRDMFI 326.48 0.00 326.481.550101248,000.0035637RDC8 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:53 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 AccretionAmortization/EarningsAdjusted Interest December 1, 2021 - December 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 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 337.01 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 315.94 0.00 315.941.500101248,000.00849430BF9 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 0.00 245,000.001271245,000.00 1.600CAPONE 332.93 0.00 332.931.600101245,000.0014042TDD6 0.00 248,000.001272248,000.00 1.250THEJEF 263.28 0.00 263.281.250101248,000.00472382AQ3 0.00 249,000.001273249,000.00 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 1,000,000.0012791,000,000.00 0.625FHLMC 520.84 0.00 520.840.6131011,000,000.003134GVYG7 0.00 499,850.001280500,000.00 0.500FFCB 208.34 0.00 208.340.491101499,850.003133ELH23 0.00 499,850.001281500,000.00 0.500FHLB 208.33 0.00 208.330.491101499,850.003130AJKW8 0.00 500,000.001282500,000.00 0.680FFCB 283.33 0.00 283.330.667101500,000.003133ELH80 0.00 300,000.001283300,000.00 0.680FHLB 170.00 0.00 170.000.667101300,000.003130AJRP6 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 Portfolio CITY CP Run Date: 02/17/2022 - 15:53 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 AccretionAmortization/EarningsAdjusted Interest December 1, 2021 - December 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 248,000.001287248,000.00 0.500BKPRNC 105.32 0.00 105.320.500101248,000.00064520BG3 0.00 500,000.001288500,000.00 0.500FNMA 208.33 0.00 208.330.491101500,000.003135G05S8 0.00 1,000,000.0012891,000,000.00 0.560FNMA 466.66 0.00 466.660.5491011,000,000.003136G4N74 0.00 499,750.001290500,000.00 0.520FNMA 216.67 0.00 216.670.510101499,750.003136G4M75 0.00 499,250.001291500,000.00 0.420FNMA 175.00 0.00 175.000.413101499,250.003135G06E8 0.00 499,250.001292500,000.00 0.560FNMA 233.33 0.00 233.330.550101499,250.003135GA2Z3 0.00 4,073,116.3912934,073,116.39BNY 0.00 0.00 0.001013,013,755.67SYS1293 0.00 997,300.0012971,000,000.00 0.375FHLMC 312.50 0.00 312.500.369101997,300.003137EAEU9 0.00 497,400.001298500,000.00 0.375FHLB 156.25 0.00 156.250.370101497,400.003130AKFA9 0.00 500,000.001299500,000.00 0.600FNMA 250.00 0.00 250.000.589101500,000.003135GA7D7 0.00 500,000.001300500,000.00 0.400FNMA 166.67 0.00 166.670.392101500,000.003135GAAW1 0.00 500,000.001301500,000.00 0.550FHLMC 229.17 0.00 229.170.540101500,000.003134GXGZ1 0.00 500,000.001302500,000.00 0.510FHLB 212.50 0.00 212.500.500101500,000.003130AKMZ6 0.00 498,632.811303500,000.00 0.375USTR 158.03 0.00 158.030.373101498,632.8191282CBC4 0.00 500,000.001304500,000.00 0.550FHLB 229.17 0.00 229.170.540101500,000.003130AKN28 0.00 248,000.001305248,000.00 0.500LNDMRK 105.32 0.00 105.320.500101248,000.0051507LCC6 0.00 245,000.001306245,000.00 0.500EVRBA 104.04 0.00 104.040.500101245,000.0087270LDL4 0.00 495,999.501307500,000.00 0.375FHLMC 156.25 0.00 156.250.371101495,999.503137EAEX3 0.00 497,300.001308500,000.00 0.500IFC 210.60 0.00 210.600.499101497,300.0045950VPS9 0.00 495,100.001309500,000.00 0.375USTR 157.95 0.00 157.950.376101495,100.0091282CBH3 0.00 983,940.0013101,000,000.00 0.375FHLMC 312.50 0.00 312.500.374101983,940.003137EAEX3 0.00 977,500.0013111,000,000.00 0.250USTR 214.09 0.00 214.090.258101977,500.0091282CAT8 0.00 500,000.001312500,000.00 0.500FHLB 208.33 0.00 208.330.491101500,000.003130ALV92 0.00 249,000.001313249,000.00 0.950GRNST 200.91 0.00 200.910.950101249,000.0039573LBC1 0.00 245,000.001314245,000.00 0.900TOYFSB 187.28 0.00 187.280.900101245,000.0089235MKY6 0.00 492,187.501315500,000.00 0.375USTR 159.69 0.00 159.690.382101492,187.5091282CAZ4 0.00 248,000.001316248,000.00 0.750CARTER 157.97 0.00 157.970.750101248,000.0014622LAA0 0.00 248,000.001317248,000.00 0.700FIDHMS 147.44 0.00 147.440.700101248,000.0031617CAV5 0.00 440,079.221318440,079.22DPME 0.00 0.00 0.00101406,804.04SYS1318 0.00 494,165.001319500,000.00 0.500USTR 214.09 0.00 214.090.510101494,165.0091282CBQ3 0.00 499,525.001320500,000.00 0.750USTR 319.36 0.00 319.360.753101499,525.0091282CBT7 0.00 997,060.0013211,000,000.00 0.750USTR 638.74 0.00 638.740.754101997,060.0091282CCF6 0.00 498,450.001322500,000.00 0.750USTR 319.36 0.00 319.360.754101498,450.0091282CBT7 0.00 497,095.001323500,000.00 0.750USTR 319.37 0.00 319.370.756101497,095.0091282CCF6 0.00 993,420.0013241,000,000.00 0.750FHLB 625.00 0.00 625.000.741101993,420.003130AMFS6 0.00 248,377.501325249,000.00 0.800VIBRNT 169.18 0.00 169.180.802101248,377.5092559TAJ7 0.00 248,000.001326248,000.00 1.000GLDMAN 210.63 0.00 210.631.000101248,000.0038149MXK4 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:53 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 AccretionAmortization/EarningsAdjusted Interest December 1, 2021 - December 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 248,000.001327248,000.00 1.000SALMAE 210.63 0.00 210.631.000101248,000.00795451AF0 0.00 248,000.001328248,000.00 0.400TABBK 84.25 0.00 84.250.400101248,000.0089388CEY0 0.00 248,000.001329248,000.00 0.400BKOZK 84.25 0.00 84.250.400101248,000.0006417NZQ9 0.00 498,000.001330500,000.00 0.710FFCB 295.84 0.00 295.840.699101498,000.003133EM2C5 0.00 249,000.001331249,000.00 0.700PENTGN 148.04 0.00 148.040.700101249,000.0070962LAF9 0.00 245,000.001332245,000.00 0.900SYNCHR 187.27 0.00 187.270.900101245,000.0087165ET98 0.00 245,000.001333245,000.00 0.650BMW 135.25 0.00 135.250.650101245,000.0005580AD50 0.00 248,000.001334248,000.00 0.800CONNEC 168.51 0.00 168.510.800101248,000.0020786ADL6 0.00 983,750.0013351,000,000.00 0.625USTR 526.50 0.00 526.500.630101983,750.0091282CCP4 0.00 988,500.0013361,000,000.00 0.750USTR 642.26 0.00 642.260.765101988,500.0091282CCW9 0.00 999,000.0013371,000,000.00 1.000FHLB 833.34 0.00 833.340.982101999,000.003130APBM6 0.00 991,080.0013381,000,000.00 0.800FFCB 666.67 0.00 666.670.792101991,080.003133EM4X7 0.00 998,250.0013391,000,000.00 0.950FHLB 791.66 0.00 791.660.934101998,250.003130APB46 0.00 499,002.041340500,000.00 0.170FFCB 70.83 0.00 70.830.167101499,002.043133EMX64 0.00 497,792.971341500,000.00 0.125USTR 52.65 0.00 52.650.125101497,792.9791282CCN9 0.00 991,000.0013421,000,000.00 0.125USTR 105.30 0.00 105.300.125101991,000.0091282CBE0 0.00 996,320.0013431,000,000.00 0.625USTR 532.28 0.00 532.280.629101996,320.0091282CDB4 0.00 1,000,000.0013441,000,000.00 1.270FFCB 1,058.33 0.00 1,058.331.2461011,000,000.003133ENCQ1 0.00 249,000.001345249,000.00 1.100MRRCK 232.63 0.00 232.631.100101249,000.0059013KPN0 0.00 248,000.001346248,000.00 1.100CAP1NA 231.69 0.00 231.691.100101248,000.0014042RQB0 0.00 499,500.001347500,000.00 0.700FHLB 291.66 0.00 291.660.687101499,500.003130APTV7 0.00 998,530.0013481,000,000.00 0.180FFCB 120.00 0.00 120.000.1751010.003133ENBT6 0.00 996,718.7513491,000,000.00 0.125USTR 85.85 0.00 85.850.1261010.0091282CBU4 0.00 995,468.7513501,000,000.00 0.125USTR 85.85 0.00 85.850.1261010.0091282CCD1 0.00 990,000.0013511,000,000.00 0.125USTR 85.70 0.00 85.700.1261010.0091282CBA8 0.00 989,800.0013521,000,000.00 0.250USTR 172.66 0.00 172.660.2551010.0091282CBR1 0.00 987,100.0013531,000,000.00 0.550FHLB 366.66 0.00 366.660.5421010.003130AP2U8 0.00 976,300.0013541,000,000.00 0.500FNMA 333.33 0.00 333.330.4981010.003135G06G3 0.00 1,000,000.0013551,000,000.00 0.970FFCB 592.78 0.00 592.780.9411010.003133ENGN4 0.00 248,000.001356248,000.00 1.000LCA 33.97 0.00 33.971.0001010.00501798RP9 0.00 249,000.001357249,000.00 1.250CNNXS 76.75 0.00 76.751.2501010.0020825WAR1 0.00 999,750.0013581,000,000.00 1.250FHLB 312.50 0.00 312.501.1411010.003130AQF65 0.00 172,363,179.08Subtotal 172,049,721.26 0.660 98,220.860.0098,220.86168,542,109.50 0.00 Fund: Fiscal Agent 1,437.5010581,437.50USBANK 0.02 0.00 0.020.0162311,437.48SYS1058 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:53 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 7 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest December 1, 2021 - December 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss 1,437.50Subtotal 1,437.50 0.016 0.020.000.021,437.48 0.00 Fund: Housing Authority : WSA and LQ 381,048.921062381,048.92LQPR 0.00 0.00 0.00241384,339.15SYS1062 0.00 381,048.92Subtotal 381,048.92 0.000.000.00384,339.15 0.00 Fund: SA Low/Mod Bond Fund 10,595,773.49111310,595,773.49 0.212LAIF 2,055.60 0.00 2,055.600.22824910,595,773.4925-33-005 0.00 10,595,773.49Subtotal 10,595,773.49 0.228 2,055.600.002,055.6010,595,773.49 0.00 183,341,438.99Total 183,027,981.17 0.634 100,276.480.00100,276.48179,523,659.62 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:53 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 October 1, 2021 - December 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 2.700 240,532.60532.6004/26/2018NORPNT1127666613GV0MC110110/26/2021 532.60240,000.00 2,000,000.00 1.250 2,012,500.0012,500.0003/27/2017USTR1070912828T67TRC10110/31/2021 69,700.001,942,800.00 245,000.00 3.150 248,235.013,235.0112/17/20181STSRC116833646CKP8MC110111/17/2021 3,235.01245,000.00 245,000.00 2.100 245,014.1014.1011/21/2017BELMNT1102080515CD9MC110111/22/2021 14.10245,000.00 248,000.00 2.400 248,505.51505.5105/22/2019TSCOLA118787266AAA1MC110111/22/2021 505.51248,000.00 245,000.00 3.200 248,930.743,930.7412/21/2018NEIGH116764017AAQ7MC110112/21/2021 3,930.74245,000.00 248,000.00 2.000 248,407.67407.6708/22/2019UNTDCU1214910160AH3MC110112/22/2021 407.67248,000.00 3,492,125.63Total Maturities 3,471,000.00 21,125.633,413,800.00 78,325.63 Portfolio CITY CP Run Date: 02/17/2022 - 16:04 MA (PRF_MA) 7.1.1 Report Ver. 7.3.6.1 City of La Quinta -City of La Quinta Sales/Call Report Sorted by Maturity Date - Fund October 1, 2021 - December 31, 2021 Redem. Date Redemption Principal Redemption Interest Book Value at Redem. Total Amount Net IncomeFundMatur. Date Rate at Redem. Par ValueSec. TypeCUSIPInvestment # Issuer Purchase Date 10/28/2022 248,000.00 248,000.00 254,348.80 198.74116359013J4K211/08/2021 254,547.54 6,547.54101 MRRCK MC1 10/28/2022 10/30/2018 3.250 Sale Subtotal 248,000.00 254,348.80 198.74248,000.00 254,547.54 6,547.54 254,348.80Total Sales 248,000.00 198.74248,000.00 254,547.54 6,547.54 Portfolio CITY CP Run Date: 02/17/2022 - 16:07 SA (PRF_SA) 7.1.1 Report Ver. 7.3.6.1 City of La Quinta -City of La Quinta Purchases Report Sorted by Security Type - Fund October 1, 2021 - December 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 Federal Agency Coupon Securities 1,000,000.00 0.950 10/13/2026 998,250.00998,250.0010/13/2021 0.98604/13 - 10/13FHLB13393130APB46FAC101 500,000.00 0.170 04/28/2023 499,002.04499,002.04 Received10/22/2021 0.30210/28 - 04/28FFCB13403133EMX64FAC101 1,000,000.00 1.270 11/02/2026 1,000,000.001,000,000.0011/02/2021 1.27005/02 - 11/02FFCB13443133ENCQ1FAC101 500,000.00 0.700 11/24/2026 499,500.00499,500.0011/24/2021 1.48905/24 - 11/24FHLB13473130APTV7FAC101 1,000,000.00 0.180 01/25/2023 998,530.00998,530.00 Received12/07/2021 0.31001/25 - 07/25FFCB13483133ENBT6FAC101 1,000,000.00 0.550 01/07/2025 987,100.00987,100.00 Received12/07/2021 0.97604/07 - 10/07FHLB13533130AP2U8FAC101 1,000,000.00 0.500 11/07/2025 976,300.00976,300.00 Received12/07/2021 1.12005/07 - 11/07FNMA13543135G06G3FAC101 1,000,000.00 0.970 12/09/2024 1,000,000.001,000,000.0012/09/2021 0.97006/09 - 12/09FFCB13553133ENGN4FAC101 1,000,000.00 1.250 12/21/2026 999,750.00999,750.0012/22/2021 1.25506/21 - 12/21FHLB13583130AQF65FAC101 Subtotal 7,958,432.047,958,432.04 0.008,000,000.00 Treasury Coupon Securities 500,000.00 0.125 07/31/2023 497,792.97497,792.97 Received10/22/2021 0.37501/31 - 07/31USTR134191282CCN9TRC101 1,000,000.00 0.125 01/15/2024 991,000.00991,000.00 Received10/22/2021 0.53101/15 - 07/15USTR134291282CBE0TRC101 1,000,000.00 0.625 10/15/2024 996,320.00996,320.00 Received10/22/2021 0.75004/15 - 10/15USTR134391282CDB4TRC101 1,000,000.00 0.125 03/31/2023 996,718.75996,718.75 Received12/07/2021 0.37603/31 - 09/30USTR134991282CBU4TRC101 1,000,000.00 0.125 05/31/2023 995,468.75995,468.75 Received12/07/2021 0.43205/31 - 11/30USTR135091282CCD1TRC101 1,000,000.00 0.125 12/15/2023 990,000.00990,000.00 Received12/07/2021 0.62312/15 - 06/15USTR135191282CBA8TRC101 1,000,000.00 0.250 03/15/2024 989,800.00989,800.00 Received12/07/2021 0.70403/15 - 09/15USTR135291282CBR1TRC101 Subtotal 6,457,100.476,457,100.47 0.006,500,000.00 Certificate of Deposits 249,000.00 1.100 11/09/2026 249,000.00249,000.0011/09/2021 1.10112/09 - MonthlyMRRCK134559013KPN0MC1101 248,000.00 1.100 11/17/2026 248,000.00248,000.0011/17/2021 1.10105/17 - 11/17CAP1NA134614042RQB0MC1101 249,000.00 1.250 12/23/2026 249,000.00249,000.0012/23/2021 1.25012/31 - MonthlyCNNXS135720825WAR1MC1101 248,000.00 1.000 06/26/2026 248,000.00248,000.0012/27/2021 1.00006/27 - 12/27LCA1356501798RP9MC1101 Subtotal 994,000.00994,000.00 0.00994,000.00 15,409,532.51Total Purchases 15,494,000.00 0.00 15,409,532.51 Received = Accrued Interest at Purchase was received by report ending date. Portfolio CITY CP Run Date: 02/17/2022 - 15:55 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=2021 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 Return City Portfolio (month) 10/29/2021 0.06 0.08 0.05 0.07 0.15 0.48 0.75 1.18 1.44 1.55 1.98 1.93 1.06 11/30/2021 0.11 0.05 0.05 0.1 0.24 0.52 0.81 1.14 1.36 1.43 1.85 1.78 0.72 12/31/2021 0.06 0.05 0.06 0.19 0.39 0.73 0.97 1.26 1.44 1.52 1.94 1.9 0.65 City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: April 13, 2022 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED DECEMBER 31, 2021 RECOMMENDATION Receive and file revenue and expenditure report dated December 31, 2021. EXECUTIVE SUMMARY • The report summarizes the City’s year-to-date (YTD) revenues and period expenditures for December 2021 (Attachment 1). • These reports are also reviewed by 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 2021 for fiscal year 2021/22. Current Total Budget – represents original adopted budgets plus any Council approved budget amendments from throughout the year, including carryovers from the prior FY. 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. 3 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, Finance Director/Treasurer Attachment 1: Revenue and Expenditure Report for December 31, 2021 MTD YTD YTD Percent of Budget YTD YTD Percent of Budget General Fund (GF)$6,749,532 $20,350,321 34.61%$15,897,744 28.88% All Funds $9,390,673 $31,740,953 22.34%$36,569,345 21.49% MTD YTD YTD Percent of Budget YTD YTD Percent of Budget General Fund $3,008,690 $14,306,236 20.49%$13,977,408 21.28% Payroll (GF)$891,332 $5,188,711 45.80%$4,875,441 46.68% All Funds $5,964,138 $38,682,149 24.31%$54,459,530 29.32% December 2021 Expenditures Comparison to LY Comparison to LYDecember 2021 Revenues General Fund Non-General Fund Property Tax 2,145,741$ SilverRock Greens Fees 462,668$ Transient Occupancy (Hotel) Tax 1,625,863$ Technology Support Internal Service Fund(1)438,675$ Measure G Sales Tax 1,216,772$ Facility & Fleet Internal Service Fund(1)297,938$ Sales Tax 983,637$ Insurance Internal Service Fund (1)252,500$ STVR Registration Fees 140,500$ County Sales Tax (Measure A)153,175$ General Fund Non-General Fund Land Acquisition (Point Happy)604,525$ Capital Improvement Program - Construction(3)1,424,511$ Liability Insurance & Claims (2)132,250$ SilverRock Maintenance 180,232$ Contract Legal Services 112,940$ Facility & Fleet Maintenance 106,425$ Park Equipment Maintenance (2)87,500$ Vehicles 100,890$ Marketing and Tourism Promotions 80,042$ Lighting & Landscape Maintenance 65,331$ (3)CIP Construction: X-Park, SRR canal crossing, Monroe Street pavement, fire station 70 Top Five Revenue/Income Sources for December Top Five Expenditures/Outlays for December (1)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. (2)These charges in the General Fund represent quarterly contributions to the Internal Service Funds. For Fiscal: 2021/22 Period Ending: 12/31/2021 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 20,350,3216,749,53258,804,210 58,804,210 -38,453,889 34.61 % 201 - GAS TAX FUND 800,612141,4851,965,880 1,965,880 -1,165,268 40.73 % 202 - LIBRARY & MUSEUM FUND -2,438752,850,700 2,850,700 -2,853,138 0.09 % 203 - PUBLIC SAFETY FUND (MEASURE G)-18005,000 5,000 -5,180 3.60 % 210 - FEDERAL ASSISTANCE FUND -1170151,000 151,000 -151,117 0.08 % 212 - SLESA (COPS) FUND 86,1658,333101,000 101,000 -14,835 85.31 % 215 - LIGHTING & LANDSCAPING FUND 14,05802,274,700 2,274,700 -2,260,642 0.62 % 221 - AB 939 - CALRECYCLE FUND 13,5123,60770,000 70,000 -56,489 19.30 % 223 - MEASURE A FUND 630,055153,1751,567,000 1,567,000 -936,945 40.21 % 225 - INFRASTRUCTURE FUND -80100100 -108 7.77 % 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)28,809012,000 12,000 16,809 240.08 % 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)005,000 5,000 -5,000 0.00 % 230 - CASp FUND, AB 1379 9,6591,46819,200 19,200 -9,541 50.31 % 231 - SUCCESSOR AGCY PA 1 RORF 48,794000 48,794 0.00 % 235 - SO COAST AIR QUALITY FUND 13,53713,55352,800 52,800 -39,263 25.64 % 237 - SUCCESSOR AGCY PA 1 ADMIN -74000 -74 0.00 % 241 - HOUSING AUTHORITY 1,034,73388,606871,400 871,400 163,333 118.74 % 243 - RDA LOW-MOD HOUSING FUND -1,129035,000 35,000 -36,129 3.23 % 247 - ECONOMIC DEVELOPMENT FUND -1,224030,000 30,000 -31,224 4.08 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)12,1836,100201,000 201,000 -188,817 6.06 % 250 - TRANSPORTATION DIF FUND 1,413,247125,749428,000 428,000 985,247 330.20 % 251 - PARKS & REC DIF FUND 305,31263,180351,000 351,000 -45,688 86.98 % 252 - CIVIC CENTER DIF FUND 244,27737,255152,000 152,000 92,277 160.71 % 253 - LIBRARY DEVELOPMENT DIF 57,49511,91050,000 50,000 7,495 114.99 % 254 - COMMUNITY & CULTURAL CENTERS DIF 136,74328,68072,000 72,000 64,743 189.92 % 255 - STREET FACILITY DIF FUND 31,463000 31,463 0.00 % 256 - PARK FACILITY DIF FUND 40000 40 0.00 % 257 - FIRE PROTECTION DIF 83,49011,17366,000 66,000 17,490 126.50 % 270 - ART IN PUBLIC PLACES FUND 108,42015,199130,000 130,000 -21,580 83.40 % 275 - LQ PUBLIC SAFETY OFFICER -2002,600 2,600 -2,620 0.76 % 299 - INTEREST ALLOCATION FUND 726,591122,45600 726,591 0.00 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 001,100 1,100 -1,100 0.00 % 401 - CAPITAL IMPROVEMENT PROGRAMS 1,505,94909,894,806 62,391,518 -60,885,569 2.41 % 405 - SA PA 1 CAPITAL IMPRV FUND -458000 -458 0.00 % 501 - FACILITY & FLEET REPLACEMENT 595,279297,9381,222,750 1,222,750 -627,471 48.68 % 502 - INFORMATION TECHNOLOGY 888,885440,7901,786,700 1,786,700 -897,815 49.75 % 503 - PARK EQUIP & FACILITY FUND 173,52687,500400,000 400,000 -226,474 43.38 % 504 - INSURANCE FUND 504,857252,5001,010,800 1,010,800 -505,943 49.95 % 601 - SILVERROCK RESORT 1,633,645517,8814,157,693 4,157,693 -2,524,048 39.29 % 602 - SILVERROCK GOLF RESERVE -210067,000 67,000 -67,210 0.31 % 760 - SUPPLEMENTAL PENSION PLAN -3806,000 6,000 -6,038 0.63 % 761 - CERBT OPEB TRUST 77,01579,77480,000 80,000 -2,985 96.27 % 762 - PARS PENSION TRUST 218,175132,755700,000 700,000 -481,825 31.17 % Report Total:9,390,673 31,740,95389,594,439 142,091,151 -110,350,198 22.34 % ATTACHMENT 1 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. For Fiscal: 2021/22 Period Ending: 12/31/2021 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 14,306,2363,008,69055,162,726 69,803,615 55,497,379 20.49 % 201 - GAS TAX FUND 489,209188,5622,007,500 2,934,683 2,445,474 16.67 % 202 - LIBRARY & MUSEUM FUND 327,296176,7964,306,510 4,656,510 4,329,214 7.03 % 203 - PUBLIC SAFETY FUND (MEASURE G)89,54100286,397 196,856 31.26 % 210 - FEDERAL ASSISTANCE FUND 00148,350 148,350 148,350 0.00 % 212 - SLESA (COPS) FUND 4,5760100,000 100,000 95,424 4.58 % 215 - LIGHTING & LANDSCAPING FUND 955,498199,4562,257,400 2,257,400 1,301,902 42.33 % 220 - QUIMBY FUND 330,300001,180,635 850,335 27.98 % 221 - AB 939 - CALRECYCLE FUND 14,6472,273150,000 150,000 135,353 9.76 % 223 - MEASURE A FUND 85,82627,6661,220,500 2,614,501 2,528,675 3.28 % 225 - INFRASTRUCTURE FUND 00022,618 22,618 0.00 % 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)9,750012,000 12,000 2,250 81.25 % 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)005,000 5,000 5,000 0.00 % 230 - CASp FUND, AB 1379 005,600 5,600 5,600 0.00 % 231 - SUCCESSOR AGCY PA 1 RORF 13,502,588000 -13,502,588 0.00 % 235 - SO COAST AIR QUALITY FUND 3,1041,28742,500 42,500 39,396 7.30 % 237 - SUCCESSOR AGCY PA 1 ADMIN 500000 -500 0.00 % 241 - HOUSING AUTHORITY 536,840120,3241,542,200 1,542,200 1,005,360 34.81 % 243 - RDA LOW-MOD HOUSING FUND 7000250,000 250,000 249,300 0.28 % 244 - HOUSING GRANTS (Multiple)13,66713,66700 -13,667 0.00 % 247 - ECONOMIC DEVELOPMENT FUND 16,500021,500 21,500 5,000 76.74 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)30,545020,000 20,000 -10,545 152.73 % 250 - TRANSPORTATION DIF FUND 400,0000604,500 1,816,757 1,416,757 22.02 % 253 - LIBRARY DEVELOPMENT DIF 0030,000 30,000 30,000 0.00 % 254 - COMMUNITY & CULTURAL CENTERS DIF 00125,000 125,000 125,000 0.00 % 270 - ART IN PUBLIC PLACES FUND 49,55614,500127,000 742,700 693,144 6.67 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 001,100 1,100 1,100 0.00 % 401 - CAPITAL IMPROVEMENT PROGRAMS 3,451,5881,505,3279,894,806 60,540,692 57,089,104 5.70 % 405 - SA PA 1 CAPITAL IMPRV FUND 3,368001,128,751 1,125,384 0.30 % 501 - FACILITY & FLEET REPLACEMENT 351,538159,1201,222,750 1,304,714 953,176 26.94 % 502 - INFORMATION TECHNOLOGY 773,264116,9121,786,700 1,939,700 1,166,436 39.87 % 503 - PARK EQUIP & FACILITY FUND 43,26336,291255,000 255,000 211,737 16.97 % 504 - INSURANCE FUND 850,648397936,800 936,800 86,153 90.80 % 601 - SILVERROCK RESORT 1,997,615387,3754,161,262 4,161,262 2,163,647 48.01 % 760 - SUPPLEMENTAL PENSION PLAN 12,833012,850 12,850 17 99.87 % 761 - CERBT OPEB TRUST 8954501,500 1,500 605 59.69 % 762 - PARS PENSION TRUST 30,2605,04552,000 52,000 21,740 58.19 % Report Total:5,964,138 38,682,14986,463,054 159,102,336 120,420,187 24.31 % 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 Page 3 of 3 City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: April 13, 2022 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED JANUARY 31, 2022 RECOMMENDATION Receive and file revenue and expenditure report dated January 31, 2022. EXECUTIVE SUMMARY • The report summarizes the City’s year-to-date (YTD) revenues and period expenditures for January 2022 (Attachment 1). • These reports are also reviewed by 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 2021 for fiscal year 2021/22. Current Total Budget – represents original adopted budgets plus any Council approved budget amendments from throughout the year, including carryovers from the prior FY. 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. 4 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, Finance Director/Treasurer Attachment 1: Revenue and Expenditure Report for January 31, 2022 MTD YTD YTD Percent of Budget YTD YTD Percent of Budget General Fund (GF)$7,010,911 $27,361,232 46.53%22,973,544$ 41.74% All Funds $15,644,323 $47,385,276 33.35%53,189,271$ 31.26% MTD YTD YTD Percent of Budget YTD YTD Percent of Budget General Fund $2,789,658 $17,095,894 24.49%18,488,824$ 28.15% Payroll (GF)$1,148,765 $6,337,476 55.94%5,517,849$ 52.83% All Funds $3,911,451 $42,593,600 26.77%61,817,558$ 33.28% January 2022 Expenditures Comparison to LY January 2022 Revenues Comparison to LY General Fund Non-General Fund Property Tax 2,784,435$ County Government Revenue(1)7,132,511$ Measure G Sales Tax 1,160,715$ SilverRock Greens Fees 557,177$ Sales Tax 930,977$ Lighting and Landscape District Assessments 497,101$ Fire Service Credit 631,475$ Developer Impact Fees- Transportation 150,753$ Transient Occupancy (Hotel) Tax 581,721$ County Sales Tax (Measure A)144,421$ General Fund Non-General Fund Sheriff Contract (October)1,174,673$ Capital Improvement Program - Construction(2)259,564$ Marketing and Tourism Promotions 62,886$ SilverRock Maintenance 142,165$ Visit Greater Palm Springs 53,349$ Housing Authority Rental Expenses 67,301$ Parks Landscape Maintenance 48,536$ Lighting & Landscape Maintenance 65,331$ Parks Maintenance 30,917$ CIP - Professional Services (3)57,118$ (3)CIP Professional Services: Consulting expenses associated with multiple ongoing capital improvement projects. Top Five Revenue/Income Sources for January Top Five Expenditures/Outlays for January (1)Dedicated revenue from the Redevelopment Property Tax Trust Fund for Successor Agency semi-annual debt service obligations. (2)CIP Construction: X-Park, SRR Way, public safety cameras For Fiscal: 2021/22 Period Ending: 01/31/2022 Page 1 of 3 Expenditure Summary Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 17,095,8942,789,65855,162,726 69,803,615 52,707,721 24.49 % 201 - GAS TAX FUND 526,01436,8052,007,500 2,934,683 2,408,670 17.92 % 202 - LIBRARY & MUSEUM FUND 355,48728,1914,306,510 4,656,510 4,301,023 7.63 % 203 - PUBLIC SAFETY FUND (MEASURE G)89,54100286,397 196,856 31.26 % 210 - FEDERAL ASSISTANCE FUND 00148,350 148,350 148,350 0.00 % 212 - SLESA (COPS) FUND 4,5760100,000 100,000 95,424 4.58 % 215 - LIGHTING & LANDSCAPING FUND 1,112,043156,5462,257,400 2,257,400 1,145,357 49.26 % 220 - QUIMBY FUND 330,300001,180,635 850,335 27.98 % 221 - AB 939 - CALRECYCLE FUND 16,2211,574150,000 150,000 133,779 10.81 % 223 - MEASURE A FUND 85,857311,220,500 2,614,501 2,528,644 3.28 % 225 - INFRASTRUCTURE FUND 00022,618 22,618 0.00 % 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)9,750012,000 12,000 2,250 81.25 % 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)005,000 5,000 5,000 0.00 % 230 - CASp FUND, AB 1379 005,600 5,600 5,600 0.00 % 231 - SUCCESSOR AGCY PA 1 RORF 13,502,588000 -13,502,588 0.00 % 235 - SO COAST AIR QUALITY FUND 13,26910,16542,500 42,500 29,231 31.22 % 237 - SUCCESSOR AGCY PA 1 ADMIN 3,5003,00000 -3,500 0.00 % 241 - HOUSING AUTHORITY 634,28597,4451,542,200 1,542,200 907,915 41.13 % 243 - RDA LOW-MOD HOUSING FUND 7000250,000 250,000 249,300 0.28 % 244 - HOUSING GRANTS (Multiple)13,667000 -13,667 0.00 % 247 - ECONOMIC DEVELOPMENT FUND 16,500021,500 21,500 5,000 76.74 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)30,545020,000 20,000 -10,545 152.73 % 250 - TRANSPORTATION DIF FUND 400,0000604,500 1,816,757 1,416,757 22.02 % 253 - LIBRARY DEVELOPMENT DIF 0030,000 30,000 30,000 0.00 % 254 - COMMUNITY & CULTURAL CENTERS DIF 00125,000 125,000 125,000 0.00 % 270 - ART IN PUBLIC PLACES FUND 63,08613,530127,000 742,700 679,614 8.49 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 001,100 1,100 1,100 0.00 % 401 - CAPITAL IMPROVEMENT PROGRAMS 3,781,516329,9289,894,806 60,540,692 56,759,176 6.25 % 405 - SA PA 1 CAPITAL IMPRV FUND 3,368001,128,751 1,125,384 0.30 % 501 - FACILITY & FLEET REPLACEMENT 385,31933,7821,222,750 1,304,714 919,394 29.53 % 502 - INFORMATION TECHNOLOGY 832,10058,8361,786,700 1,939,700 1,107,600 42.90 % 503 - PARK EQUIP & FACILITY FUND 43,2630255,000 255,000 211,737 16.97 % 504 - INSURANCE FUND 850,889242936,800 936,800 85,911 90.83 % 601 - SILVERROCK RESORT 2,344,253346,6384,161,262 4,161,262 1,817,009 56.34 % 760 - SUPPLEMENTAL PENSION PLAN 12,833012,850 12,850 17 99.87 % 761 - CERBT OPEB TRUST 89501,500 1,500 605 59.69 % 762 - PARS PENSION TRUST 35,3425,08152,000 52,000 16,658 67.97 % Report Total:3,911,451 42,593,60086,463,054 159,102,336 116,508,736 26.77 % ATTACHMENT 1 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. For Fiscal: 2021/22 Period Ending: 01/31/2022 Page 2 of 3 Revenue Summary Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 27,361,2327,010,91158,804,210 58,804,210 -31,442,978 46.53 % 201 - GAS TAX FUND 868,50867,8951,965,880 1,965,880 -1,097,372 44.18 % 202 - LIBRARY & MUSEUM FUND -2,2022352,850,700 2,850,700 -2,852,902 0.08 % 203 - PUBLIC SAFETY FUND (MEASURE G)-18005,000 5,000 -5,180 3.60 % 210 - FEDERAL ASSISTANCE FUND -1170151,000 151,000 -151,117 0.08 % 212 - SLESA (COPS) FUND 94,4998,333101,000 101,000 -6,501 93.56 % 215 - LIGHTING & LANDSCAPING FUND 511,159497,1012,274,700 2,274,700 -1,763,541 22.47 % 221 - AB 939 - CALRECYCLE FUND 17,2823,77170,000 70,000 -52,718 24.69 % 223 - MEASURE A FUND 774,476144,4211,567,000 1,567,000 -792,524 49.42 % 225 - INFRASTRUCTURE FUND -80100100 -108 7.77 % 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)28,809012,000 12,000 16,809 240.08 % 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)005,000 5,000 -5,000 0.00 % 230 - CASp FUND, AB 1379 10,9871,32819,200 19,200 -8,213 57.22 % 231 - SUCCESSOR AGCY PA 1 RORF 7,181,3057,132,51100 7,181,305 0.00 % 235 - SO COAST AIR QUALITY FUND 13,537052,800 52,800 -39,263 25.64 % 237 - SUCCESSOR AGCY PA 1 ADMIN -74000 -74 0.00 % 241 - HOUSING AUTHORITY 1,129,21394,480871,400 871,400 257,813 129.59 % 243 - RDA LOW-MOD HOUSING FUND -1,129035,000 35,000 -36,129 3.23 % 247 - ECONOMIC DEVELOPMENT FUND -1,224030,000 30,000 -31,224 4.08 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)12,1830201,000 201,000 -188,817 6.06 % 250 - TRANSPORTATION DIF FUND 1,564,000150,753428,000 428,000 1,136,000 365.42 % 251 - PARKS & REC DIF FUND 385,57480,262351,000 351,000 34,574 109.85 % 252 - CIVIC CENTER DIF FUND 291,55747,280152,000 152,000 139,557 191.81 % 253 - LIBRARY DEVELOPMENT DIF 72,62415,12950,000 50,000 22,624 145.25 % 254 - COMMUNITY & CULTURAL CENTERS DIF 173,17536,43272,000 72,000 101,175 240.52 % 255 - STREET FACILITY DIF FUND 31,463000 31,463 0.00 % 256 - PARK FACILITY DIF FUND 40000 40 0.00 % 257 - FIRE PROTECTION DIF 97,67714,18766,000 66,000 31,677 147.99 % 270 - ART IN PUBLIC PLACES FUND 111,2452,824130,000 130,000 -18,755 85.57 % 275 - LQ PUBLIC SAFETY OFFICER -2002,600 2,600 -2,620 0.76 % 299 - INTEREST ALLOCATION FUND 785,15558,56400 785,155 0.00 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 001,100 1,100 -1,100 0.00 % 401 - CAPITAL IMPROVEMENT PROGRAMS 1,505,94909,894,806 62,391,518 -60,885,569 2.41 % 405 - SA PA 1 CAPITAL IMPRV FUND -458000 -458 0.00 % 501 - FACILITY & FLEET REPLACEMENT 595,27901,222,750 1,222,750 -627,471 48.68 % 502 - INFORMATION TECHNOLOGY 890,8451,9601,786,700 1,786,700 -895,855 49.86 % 503 - PARK EQUIP & FACILITY FUND 173,5260400,000 400,000 -226,474 43.38 % 504 - INSURANCE FUND 504,85701,010,800 1,010,800 -505,943 49.95 % 601 - SILVERROCK RESORT 2,261,619627,9734,157,693 4,157,693 -1,896,074 54.40 % 602 - SILVERROCK GOLF RESERVE -210067,000 67,000 -67,210 0.31 % 760 - SUPPLEMENTAL PENSION PLAN -3806,000 6,000 -6,038 0.63 % 761 - CERBT OPEB TRUST 77,015080,000 80,000 -2,985 96.27 % 762 - PARS PENSION TRUST -133,853-352,028700,000 700,000 -833,853 19.12 % Report Total:15,644,323 47,385,27689,594,439 142,091,151 -94,705,875 33.35 % 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 Page 3 of 3 City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: April 13, 2022 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE FISCAL YEAR 2021/22 MID-YEAR BUDGET REPORT RECOMMENDATION Receive and file fiscal year 2021/22 Mid-Year Budget Report. EXECUTIVE SUMMARY • The 2021/22 Mid-Year Budget Report (Attachment 1) provides an update of the City’s fiscal activities from July to December 2021. • The Mid-Year Budget Report includes revenue and expenditure adjustments in 7 funds, personnel adjustments, and adding one new position. • Staff recommends allocating $2,000,000 of General Fund Unassigned Fund Balance to make an additional discretionary payment to pay down the City’s unfunded pension obligations. FISCAL IMPACT Staff recommended adjustments in 7 funds are: BACKGROUND/ANALYSIS Throughout the fiscal year each Department monitors their budget and proposes adjustments to reflect current conditions and ongoing operational needs. Requests are reviewed and discussed with the City Manager and Directors before recommendations are presented in the Budget Report (Attachment 1). Funds with no adjustments have been excluded. Fund #Fund Name Revenues Expenses 101 General Fund 6,385,000$ 597,300$ 501 Facility & Fleet Replacement Fund - 15,000 502 Information Technology Fund - 47,000 201 Gas Tax Fund - 50,000 202 Library and Museum Fund 1,200 75,990 601 SilverRock Fund 30,000 30,000 602 SilverRock Reserve Account - 30,000 TOTAL ADJUSTMENTS ALL FUNDS 6,416,200$ 845,290$ BUSINESS SESSION ITEM NO. 1 ALTERNATIVES Council could delay, modify, or reject the requested budget amendments. Prepared by: Claudia Martinez, Finance Director Approved by: Jon McMillen, City Manager Attachment: 1. 2021/22 Mid-Year Budget Report Fiscal Year 2021/22 Mid-Year Budget Report SUMMARY The annual budget is a living document, which allows for flexibility and adjustments to accommodate current business needs and updated projections. Budget reports are presented to provide ongoing oversight of public funds, relate current and upcoming activities, and request funding adjustments. All funds are continuously monitored; this report discusses funds with budgetary adjustments. Funds with no adjustments have been excluded. The 2021/22 budget was adopted with a conservative outlook, assuming a gradual recovery of the economy. Ongoing pandemic restrictions and health and safety regulations will continue to shape future revenue sources, but our economy has proven to be more resilient and adaptive than previously anticipated. The revenue adjustments presented in this mid-year budget report are based on actual activity, which is anticipated to continue in the next fiscal year. Due to ongoing economic volatility, the 2021/22 Mid-Year Budget Report has several adjustments, which are detailed in Exhibits 1 and 2. The recommended adjustments are largely derived from year-to-date revenues collected and expenses incurred, program activities, and operational needs. GENERAL FUND REVENUES General Fund revenue adjustments summarized below total $6,385,000. Adjustments reflect updated projections based on last fiscal year actuals and year-to-date activity. Revenue Description Adjustment Property Taxes, RPTTF Pass Through 400,000$ State Sales Taxes 500,000 Measure G Sales Taxes 800,000 TOT- Hotels 1,500,000 TOT- Short-Term Vacation Rentals 2,000,000 Building Permits 540,000 Public Works Permits 330,000 Administrative Citations 315,000 TOTAL REVENUE ADJUSTMENTS 6,385,000$ ATTACHMENT 1 The largest of the revenue adjustments are focused on the top three General Fund revenue sources, which are property taxes, sales taxes, and transient occupancy taxes (TOT). Property Taxes – An increase of $400,000 in Redevelopment Property Tax Trust Fund (RPTTF) payments is requested due to current year-to-date activity. These property tax payments reflect distribution of residual amounts after recognized obligations of the former RDAs have been paid and are coming in higher than original estimates due to current real estate market trends. Sales Taxes - Sales tax revenues have been stronger than anticipated, mostly due to continued spending on taxable goods and we anticipate this trend for the remainder of the fiscal year. Notwithstanding unanticipated economic impacts, revised projections estimate the City could receive an additional $1,300,000 in sales tax revenue by year-end; of this amount $500,000 is derived from the State sales tax rate and $800,000 is derived from local Measure G sales taxes. TOT - Current Short-Term Vacation Rental (STVR) and hotel TOT revenue projections were conservative given the unknown impacts of the pandemic and restrictions. The recommended increase of $2,000,000 for STVR and $1,500,000 for hotel TOT is based on revenues collected during the first six months of the fiscal year and moderate activity for the remainder of the fiscal year. Licenses and Permits – An increase of $570,000 in building permits and $330,000 in public works permits is recommended based on increased current year to date building activity in private residential tract developments and commercial projects. Fines and Other Taxes – Due to continued monitoring and compliance of the STVR program, revenue from administrative citations has been higher than anticipated, therefore an increase of $315,000 is recommended. All revenue projections will continue to be monitored during the Spring of 2022 and an additional update shall be provided during the 2021/22 Third Quarter Budget Report. EXPENDITURE ADJUSTMENTS Expenditure adjustments are recommended for unanticipated expenses, the replacement of equipment, personnel adjustments, and to avoid budget overruns based on updated operational needs. A summary by fund is provided below and itemized in Exhibits 1 and 2. City Clerk – An increase of $10,000 for the printing costs of the annual festivals and Good Neighbor brochures is needed to inform residents of upcoming events and updates to the Short-Term Vacation Rental program. Community Resources – The Human Resources division is requesting an additional $20,000 for recruiting/pre-employment for additional resources needed for advertising, screening, and onboarding open positions. The Fire division is requesting an additional $52,300 to account for the purchase of a new vehicle for the addition of the Fire Marshall position including retrofitting costs. Marketing – Based on the new estimated revenue projections, an increase of $100,000 is requested to fulfill the contractual obligation under the Joint Powers Agreement with the Greater Palm Springs Convention and Visitors Bureau (GPSCVB), which is based on TOT revenues received by member agencies. Design and Development – Online payments have continued to increase, despite restrictions being lifted from the pandemic. An increase of $40,000 is reflective of both credit card and e-check fees. Based on the increase of building activity resulting in an overall increase of permits issued and inspection requests, the Building division is requesting an additional $150,000 in Plan Check review consulting services to assist with increased demand while vacant positions are being filled. Fund Expense Adjustment General Fund 597,300$ Facility & Fleet Replacement Fund (Fund 501)15,000 Information Technology Fund (Fund 502)47,000 Gas Tax Fund (Fund 201)50,000 Library and Museum Fund (Fund 202)75,990 SilverRock Fund (601)30,000 SilverrRock Reserves Account (Fund 602)30,000 TOTAL ADJUSTMENTS ALL FUNDS 845,290$ Public Works – Additional funding of $30,000 is requested for the Parks Division due to upgrades for landscape lighting at parks and City Hall and tree removals to be completed by the end of the fiscal year. Fritz Burns pool has seen an increase in gas usage which has resulted in the need for a $20,000 budget increase to end the fiscal year. For the Public Works Development Services division, a combined total of $17,000 to account for additional demand of on-call map checking services and public notice requirements. The Streets division is requesting an additional $2,000 to increase the travel and training budget to allow for required equipment operator certification training. A combined increase of $16,000 is requested for the Engineering services division to account for contract services for the Regional Scour Analysis project and for increased operating supply activity. This report includes recommended personnel adjustments in the Community Resources and Design and Development departments with a total fiscal impact of $140,000 for the remainder of this fiscal year. The request includes the conversion of a part time to full time Administrative Technician, three full time temporary Wellness Center/Events Coordinator positions, one Senior Building Inspector/Plans Examiner, and two Permit Technicians. INTERNAL SERVICE FUNDS (ISF) ISF are used to account for activities involved in rendering services to departments within the City. Adjustments are recommended for two of the four ISF. Expense adjustments would be funded from available fund balances in each Fund. Facility and Fleet Replacement Fund – An increase of $5,000 is requested to cover the costs associated with retrofitting the recently purchased vehicles. In addition, $10,000 is requested to cover unanticipated truck and heavy equipment repairs. Information Technology Fund – The City added a new internet line at City Hall, along with internet connectivity at the X-Park; an increase of $35,000 is needed for this fiscal year. 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. Gas Tax Fund – The Streets division is responsible for 137 miles of street, 121 miles of sidewalk, 4,600 signs, 378 catch basins, and response to graffiti citywide. In order to maintain adequate safety levels and move to a proactive approach on maintenance that has been deferred on City streets, sidewalk repair, and open stormwater work orders the Public Works Department is requesting funding for 3 full time temporary Maintenance Worker I positions in the amount of $50,000 for the remainder the fiscal year. Library and Museum Fund – A request of $1,200 for MakerSpace membership fees is recommended due the slight increase in memberships from the projected budget. In the Winter of 2021, the Library experienced HVAC and chiller system issues which resulted in the need for emergency replacement and repairs, therefore an increase of $35,000 is needed. A combined total of $40,990 is recommended to reflect the final MOU contract amounts for Museum and MakerSpace operations. SilverRock Fund – A request for $30,000 is needed for a new server at the SilverRock Golf Course. This unanticipated expense is due to the need to replace an outdated server in order to meet Payment Card Industry Data Security Standards or PCI compliance requirements. This funding will come from the SilverRock Reserve Fund, which was established for capital expenditures. GENERAL FUND RESERVES General Fund reserve balances were discussed during the 2020/21 General Fund Fiscal Year-End Budget Report and will be confirmed in the 2020/21 Annual Comprehensive Financial Report (ACFR). The Reserve Policy requires an annual review of reserves and funding levels during the mid-year budget process. Reserve funding generally comes from excess revenues over expenditures including one-time revenue and may be allocated to reserves as directed by Council until target levels are reached. Once all targets are funded, funds will remain in unassigned fund balance. At this time, all four of the City’s reserve categories (Natural Disaster, Economic Disaster, Cash Flow and Capital Replacement) are fully funded to policy targets. A review of the City’s Reserve Policy is scheduled to occur in Fall of 2022 which will also include a review of CalPERS updated actuarial reports for fiscal year ending in 06/30/2021 which are released each year in August. The following is a summary of committed reserves as of June 30, 2021. In February of 2021, Council approved the use of a combination of Measure G reserves and Unassigned reserves to fund the advanced construction of the Highway Bridge Program for the Dune Palms Bridge project in the amount of $14,936,122. The amount appropriated from Unassigned reserves is $7,468,061, which brings the available Unassigned reserve balance to $16,773,505. Staff recommends appropriating an additional $2,000,000 from the Unassigned reserves balance to pay down the unfunded pension liability. To date, the total outstanding pension obligation of roughly $15.7 million will be adjusted due to previous additional payments approved by Council in the amount of $1.5 million. Council may choose the recommendation presented, alter the amount allocated, request additional alternatives, or not allocate additional funds at this time. Reserve Category Current Target Surplus/(Deficit) Cash Flow Reserve 5,000,000 5,000,000 - Natural Disaster Reserve 10,000,000 10,000,000 - Economic Disaster 11,000,000 11,000,000 - Capital Replacement Reserve 10,000,000 10,000,000 - Pension Trust Benefits 11,381,922 10,000,000 1,381,922 47,381,922 46,000,000 1,381,922 Unassigned Fund Balance 24,241,566 City of La Quinta FY 2021/22 Recommended Second Quarter Budget Adjustments Exhibit 1 Account No. Description Revenues Expenses FINANCE Tax Revenues 101-0000-40315 Property Taxes - RPTTF Pass Through 400,000 101-0000-41320 State Sales Taxes 500,000 101-0000-41326 Measure G Sales Taxes 800,000 101-0000-41400 TOT - Hotels 1,500,000 101-0000-41401 TOT - Short-Term Vacation Rentals 2,000,000 Licenses and Permits 101-0000-42400 Building Permits 540,000 101-0000-43632 Public Works Permits 330,000 Fines and Other Taxes 101-0000-42700 Administrative Citations 315,000 CITY CLERK 101-1005-60410 Printing 10,000 COMMUNITY RESOURCES 101-1004-60129 Recruiting/Pre-Employment 20,000 101-2002-71031 Fire, Vehicles 52,300 MARKETING 101-3007-60151 Greater Palm Springs Convention & Visitors Bureau 100,000 DESIGN AND DEVELOPMENT 101-6001-60122 Credit Card/Electronic Check Fees 40,000 101-6003-60118 Plan Checks 150,000 PUBLIC WORKS 101-3005-60431 Parks, Materials/Supplies 30,000 101-3005-61100 Fritz Burns Pool Utilities- Gas 20,000 101-7002-60183 Map/Plan Checking 15,000 101-7002-60450 Advertising 2,000 101-7003-60320 Travel & Training 2,000 101-7006-60103 Professional Services 15,000 101-7006-60420 Operating Supplies 1,000 PERSONNEL ADJUSTMENTS Community Resources 101-1004-50101 Permanent Full Time 15,000 101-3002-50251 Temporary 30,000 101-3003-50251 Temporary 30,000 Design & Development 101-6003-50101 Permanent Full Time 25,000 101-6006-50101 Permanent Full Time 40,000 TOTAL GENERAL FUND 6,385,000 597,300 General Fund (101) City of La Quinta FY 2021/22 Recommended Second Quarter Budget Adjustments Exhibit 2 Account No. Description Revenues Expenses 501-0000-60675 Parts, Accessories, & Upfits 5,000 501-0000-60676 Vehicle Repair & Maintenance 10,000 Account No. Description Revenues Expenses 502-0000-61400 Cable/Internet - Utilities - 35,000 502-0000-60301 Software Licences 12,000 Account No. Description Revenues Expenses 201-7003-50251 Temporary 50,000 Account No. Description Revenues Expenses 202-0000-42218 MakerSpace Memberships 1,200 202-3004-60667 Library, HVAC 35,000 202-3006-60105 Museum Operations 19,500 202-3006-60420 Operating Supplies 5,000 202-3009-60105 MakerSpace Operations 16,490 Account No. Description Revenues Expenses 601-0000-49500 Transfer In 30,000 - 601-0000-80100 Machinery and Equipment - 30,000 Account No. Description Revenues Expenses 602-0000-99900 Transfers Out - 30,000 TOTAL ALL FUNDS 31,200 247,990 INTERNAL SERVICE FUNDS Information Technology Fund (502) Facility & Fleet Replacement Fund (501) SPECIAL REVENUE FUNDS Library and Museum Fund (202) SilverRock Fund (601) SilverRock Reserve Account (602) Gas Tax Fund (201) City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: April 13, 2022 STAFF REPORT AGENDA TITLE: DISCUSS PROJECTS TO BE INCLUDED IN FISCAL YEARS 2022/23 THROUGH 2026/27 CAPITAL IMPROVEMENT PROGRAM RECOMMENDATION Discuss projects to be included in fiscal years 2022/23 through 2026/27 Capital Improvement Program and provide Staff direction on Measure G funded projects. EXECUTIVE SUMMARY •The Capital Improvement Program (CIP) is a five-year plan for major construction projects such as bridges, streets, traffic signals, drainage facilities, landscaping, lighting, parks, and other facilities. •Based upon Council, FAC, and resident input over the past year, Staff developed a preliminary scope and budget for various projects proposed for the 2022/23 CIP budget. •Council discussed the proposed projects and provided Staff with direction at the April 5, 2022 City Council meeting. •Council will be requested to appropriate funds for the 2022/23 CIP improvements when the operating budget and final CIP is considered in June 2022. FISCAL IMPACT This review does not generate fiscal impacts. Revenue sources are identified in Attachment 1. BACKGROUND/ANALYSIS Staff recommends the following projects be included in the 2022/23 CIP: STUDY SESSION ITEM NO. 1 Transportation Projects Transportation projects are generally funded through the Pavement Management Plan (General Fund), Transportation Development Impact Fees (DIF), Gas Tax, Measure A, SB1, and ATP funds. • 2022/23 Pavement Management Plan (General Fund: $1.5M) The City of La Quinta’s current Five-Year Pavement Management Plan (PMP) (Attachment 2) spans from 2021 to 2026. The proposed 22/23 projects include grind and overlay on Avenue 47 from Washington Street to Adams Street; slurry seal and crack sealing Eisenhower Drive from Avenue 50 to Calle Tampico; slurry seal and crack sealing Monroe Street from Avenue 62 to Avenue 53; and slurry seal and crack sealing the north/south street segments within the Cove. • Avenue 50 Pavement Rehabilitation (Measure A: $1.1M) This project includes pavement rehabilitation of Avenue 50 from Washington Street to Eisenhower Drive. • Fred Waring Drive Pavement Rehabilitation (Measure A: $530K, SB1: $940K) This project includes pavement rehabilitation of Fred Waring Drive from Washington Street to Adams Street. • Avenue 50 Widening Improvements (Measure A: $100K) This project will be completed in partnership with the City of Indio and includes Widening Avenue 50 from Jefferson Street to Madison Street to the general plan roadway conditions, including a multi-use trail along the north side. • Highway 111 at Jefferson Street Pavement Rehabilitation (Measure A: $487K) This project is in collaboration with the City of Indio and includes pavement rehabilitation and will address drainage needs, if any, at the intersection of Highway 111 and Jefferson Street. • Avenue 53 at Jefferson Street Roundabout (Measure A: $630K) This project was approved by Council as part of the 2016/17 CIP. Staff recommends the addition of Measure A funds to supplement the existing budget; these funds will be used for the landscape improvements and the construction phase of the project. • Moon River Drive Pavement Rehabilitation (Avenue 50 to DSUSD ROW) (Measure A: $400K) This project entails pavement rehabilitation of Moon River Drive from Avenue 50 to the Desert Sands Unified School District right of way. • Avenue 52 Pavement Rehabilitation (Measure A: $500K) This project includes pavement rehabilitation of Avenue 52 from Madison Street to Monroe Street. Drainage Improvements • Citywide Drainage Enhancements (General Fund: $477K) This project will upgrade drainage facilities for minimum 150-year storm protection in accordance with the Focused Drainage Study. Parks and Facilities Projects • Landscape and Lighting Median Island Improvements (Measure G: $500K) This project entails refurbishing City-owned medians south of Highway 111, prioritized over five years. Staff has developed an implementation strategy that recommends priorities and landscape materials. • Fritz Burns Park Improvements (Measure G: $500K) This project entails design phase for additional park amenity improvements at Fritz Burns Park after the space planning effort is complete. • La Quinta Skatepark Conversion (Measure G: $500K, General Fund: $133K) This project was approved by Council as part of the 2019/20 CIP. Staff recommends the addition of Measure G and General Funds to convert the existing skate park at La Quinta Park into another park amenity such as an urban soccer park, pickleball court or human foosball court, upgrade existing water feature, park equipment, and construct a retaining wall at La Quinta Park. • City Hall Capacity Improvements (General Fund: $550K, Civic Center DIF: $250K) This project entails design and construction of improvements to provide additional capacity for the City Clerk, Design and Development, and Community Resources/Emergency Services space needs in City Hall • Sports Complex Lighting Replacement (Measure G: $250K) This project entails replacing the existing failing light poles at the sports complex with new energy efficient light poles. Other Adjustments • Highway 111 Corridor Area Plan Implementation (Measure G: $1M) Implement the Highway 111 Corridor Area Plan improvements, which may include landscape, connectivity and circulation improvements, entry monuments, wayfinding, catalyst project sites, lighting, and art installations. • Village Undergrounding Project (Measure G: $100K) This funding will be used to conduct a feasibility study assessing the cost and challenges to underground utilities in the Village Area. • American with Disabilities Act (ADA) Transition Plan Update (General Fund: $150K) This is an update to the City’s existing ADA Transition Plan Report, identifying improvements still needed at City parks, buildings, intersection curb ramps and sidewalks based upon current building code. • Citywide Miscellaneous ADA Improvements (CDBG: $132,600K) This is a continuation of implementing ADA improvements at City parks, buildings, intersection curb ramps and sidewalks based upon the City's ADA Transition Plan Report. • Village Parking Lot (Measure G: $500K) This funding will allow for land purchase adjacent to the current City owned parking lot on the west side of Avenida Bermudas south of Calle Tampico to address parking in the Village Area. • Phase II Citywide Safety Camera System (Measure G: $ 1.797M) Phase II of the Citywide Safety Camera System Project includes installation of cameras at additional parks and city owned facilities, one additional intersection, fiber optic connections where needed, and Automatic License Plate Reading (ALPR) cameras at entrance and exit points of the city. • Smart Infrastructure Improvements (Measure G: $250K) This entails conducting a feasibility study and preparing a master plan to assess the implementation of smart infrastructure improvements. Reimbursements for Existing Developer Impact Fee Reimbursement Agreements (Transportation DIF: $400K) The City entered into reimbursement agreements with nine development entities who constructed improvements for the benefit of the City in anticipation of future reimbursement from development impact fees. In 2017 the Council set reimbursement priorities; 9 of 11 developers submitted the required documentation and have been included in the approved repayment plan (Attachment 3). Projects on the Horizon The CIP also identified future year projects; those that may be of interest to the Council entail the following: • Corporate Yard – Facilities and Administrative Offices (2023/24) • Washington Street Sidewalk Improvements (Avenue 50 to Calle Tampico) (2023/24) • Corporate Centre Drive Gap Closure (2023/24) Staff seeks direction on all projects included in the draft CIP. After incorporating Council’s comments, an updated CIP program will be presented for adoption in June. Prepared by: Julie Mignogna, Management Analyst Approved by: Bryan McKinney, P.E., Public Works Director/City Engineer Attachments: 1. Project Revenue Summary from Draft 2022/23 through 2026/27 CIP 2. 2021 Pavement Management 5 Year Plan 3. DIF Reimbursement Agreement Repayment Schedule Project # Project DescriptionGeneral Fund OperatingMeasure G Sales TaxSB 1 Road Maint/RehabParks and Rec DIFDIF TransportationCivic Center DIFMaintenance and Facilities DIF Measure AOther RevenueOther Revenue SourceTotal 2022/20232223ADA ADA Accessible Ramps - Various Locations 20,00020,0002223CPM Citywide Preventative Maintenance Plan Improvements50,000Equip Replacement Fund50,0002223PMP Pavement Management Plan Street Improvements 1,500,0001,500,0002223STI Sidewalks - Various Locations55,00055,0002223TMI Citywide Traffic Signal Maintenance Improvements235,000 235,0002223DRA Citywide Drainage Enhancements477,000477,000201702 Developer Reimbursement for DIF Eligible Improvements400,000400,000201709 Jefferson St. at Avenue 53 Roundabout630,000630,000201804 Landscape and Lighting Median Island Improvements500,000500,000201903 La Quinta Skate Park Conversion133,000 500,000633,000201905 Highway 111 Corridor Area Plan Implementation1,000,0001,000,000202102 Fritz Burns Park Improvements500,000500,000202201 Avenue 50 Pavement Rehabilitation (Washington Street to Eisenhower Drive)1,100,0001,100,000202202 City Hall Capacity Improvements550,000250,000800,000202203 Fred Waring Drive Pavement Rehabilitation (Washington Street to Adams Street)940,211530,000 1,470,211202204 Sports Complex Lighting Replacement250,000250,000202205 Avenue 50 Widening Improvements (Jefferson Street to Madison Street)100,000100,000202206 Village Undergrounding Project (Feasibility Study)100,000100,000202207 Highway 111 at Jefferson Street Rehabilitation 487,000 487,000202208 Citywide Miscelleneous ADA Improvement Projects132,600CDBG132,600202209 ADA Transition Plan Update150,000150,000202210 Moon River Drive Pavement Rehabilitation (Ave 50 to DSUSD ROW)400,000400,000202211 Village Parking Lot500,000500,000202212 Phase II Camera System 1,797,0001,797,000202213 Smart Infrastructure Improvements (feasibility study/plan)250,000250,000202214 Avenue 52 Pavement Rehabilitation (Madison Street to Monroe Street)500,000500,000FY 2022/2023 SUBTOTAL: 2,735,000 5,047,000 940,211 500,000500,000 250,0000 3,882,000 182,60014,036,8112023/20242324ADA ADA Accessible Ramps - Various Locations20,00020,0002324CPM Citywide Preventative Maintenance Plan Improvements50,000Equip Replacement Fund50,0002324PMP Pavement Management Plan Street Improvements1,500,0001,500,0002324STI Sidewalks - Various Locations55,00055,0002324TMI Citywide Traffic Signal Maintenance Improvements235,000 235,0002324DRA Citywide Drainage Enhancements477,000477,000201702 Developer Reimbursement for DIF Eligible Improvements400,000400,000201804 Landscape and Lighting Median Island Improvements500,000500,000201805 Corporate Yard Administrative Offices and Crew Quarters2,273,000500,000 2,773,000201905 Highway 111 Corridor Area Plan Implementation1,000,0001,000,000202102 Fritz Burns Park Improvements2,000,0002,000,000202205 Avenue 50 Widening Improvements (Jefferson Street to Madison Street)471,613471,613202212 Village Parking Lot 1,100,0001,100,000202213 Phase III Camera System 2,793,0002,793,000202301 Avenue 58 Pavement Rehabilitation (Jefferson Street to Madison Street)1,380,0001,380,000202302 Caleo Bay at Avenue 47 (New Traffic Signal)430,000430,000202303 Washington Street at Lake La Quinta Drive (New Traffic Signal)430,000430,000202402 Corporate Centre Drive Gap Closure931,000931,000202305 Washington Street Sidewalk Improvements (Avenue 50 to Calle Tampico)478,000478,000FY 2023/2024 SUBTOTAL: 2,552,000 9,166,000 949,613 0 1,260,000 0 500,000 2,546,000 50,000 17,023,6132024/20252425ADA ADA Accessible Ramps - Various Locations20,00020,0002425CPM Citywide Preventative Maintenance Plan Improvements50,000Equip Replacement Fund50,000CAPITAL IMPROVEMENT PROGRAMCITY OF LA QUINTAREVENUE SUMMARYATTACHMENT 1 Project # Project DescriptionGeneral Fund OperatingMeasure G Sales TaxSB 1 Road Maint/RehabParks and Rec DIFDIF TransportationCivic Center DIFMaintenance and Facilities DIF Measure AOther RevenueOther Revenue SourceTotal 2425PMP Pavement Management Plan Street Improvements 1,500,0001,500,0002425STI Sidewalks - Various Locations55,00055,0002425TMI Citywide Traffic Signal Maintenance Improvements235,000 235,0002425DRA Citywide Drainage Enhancements 477,000477,000201702 Developer Reimbursement for DIF Eligible Improvements400,000400,000201804 Landscape and Lighting Median Island Improvements 500,000500,000201805 Corporate Yard Administrative Offices and Crew Quarters3,657,0003,657,000201905 Highway 111 Corridor Area Plan Implementation 1,000,0001,000,000202205 Avenue 50 Widening Improvements (Jefferson Street to Madison Street)579,109579,109202401 Avenue 50 Sidewalk Improvements (Washington Street to Avenida Montero)400,000 400,000202304 Francis Hack Lane Pavement Rehabilitation (Avenida Bermudas to Cul-De-Sac)380,000380,000202403 Washington Street Sidewalk Improvements (Calle Tampico to Avenue 52)444,000 444,000202404 Cove Area Slurry Seal Improvements Phase 1950,000 950,000FY 2024/2025 SUBTOTAL: 2,552,000 4,657,000 959,109 0 400,000 0 2,029,000 50,000 10,647,1092025/20262526ADA ADA Accessible Ramps - Various Locations20,00020,0002526CPM Citywide Preventative Maintenance Plan Improvements50,000Equip Replacement Fund50,0002526PMP Pavement Management Plan Street Improvements 1,500,0001,500,0002526STI Sidewalks - Various Locations55,00055,0002526TMI Citywide Traffic Signal Maintenance Improvements235,000 235,0002425DRA Citywide Drainage Enhancements 477,000477,000201702 Developer Reimbursement for DIF Eligible Improvements400,000400,000201804 Landscape and Lighting Median Island Improvements 500,000500,000201905 Highway 111 Corridor Area Plan Implementation 1,000,0001,000,000202501 Citywide Striping Refresh500,000 500,000202502 Highway 111/Simon Drive Dual Left Turn Lanes723,850 723,850202503 Cove Area Slurry Seal Improvements Phase 2950,000950,000202504 Avenue 47 Pavement Rehabilitation (Washington Street to Adams Street)512,617 512,617202506 5-Year PMP Update50,000 50,000FY 2025/2026 SUBTOTAL: 2,552,000 1,000,000 950,000 0 400,000 0 2,021,467 50,000 6,973,4672026/20272627ADA ADA Accessible Ramps - Various Locations20,00020,0002627CPM Citywide Preventative Maintenance Plan Improvements50,000Equip Replacement Fund50,0002627PMP Pavement Management Plan Street Improvements 1,500,0001,500,0002627STI Sidewalks - Various Locations55,00055,0002627TMI Citywide Traffic Signal Maintenance Improvements235,000 235,0002627DRA Citywide Drainage Enhancements 477,000477,000201702 Developer Reimbursement for DIF Eligible Improvements400,000400,000201804 Landscape and Lighting Median Island Improvements 500,000500,000201905 Highway 111 Corridor Area Plan Implementation 1,000,0001,000,000202601North La Quinta Slurry Seal Improvements/Pavement Repair1,784,000 1,784,000202602Citywide Arterial Slurry Seal Improvements997,088997,088FY 2021/2022 SUBTOTAL: 2,552,000 1,000,000 997,088 0 400,000 0 2,019,000 50,000 7,018,088TOTAL FISCAL YEARS 2021/22 THROUGH 2025/26: 12,943,000 20,870,000 4,796,021 500,000 2,960,000 250,000 500,000 12,497,467 382,600 55,699,088 SH-111 MONROE ST60TH AVE 54TH AVE 50TH AVE 62ND AVE 64TH AVE MILES AVE 52ND AVE I-10 JACKSON ST48TH AVE FRED WARING DR 49TH AVE WASHINGTON STLIGAAVENUE 52 CITRUS MADISON STDUNE PALMS RDAIRPORT BLVD PGA BLVD58TH AVEAVENIDA VALLEJOAVENIDA RUBIOWARNER TRL61ST AVE 66TH AVERIVIERAJEFFERSON STOAK HI LLAVENIDA VILLAADAMS STBURR STI NDI O BLVDOAK TREEAVENUE 58AVENIDA MARTINEZ42ND AVE SHIELDS RDWINGED FOOTHERMITAGE DARBY RD HJORTH STMERION 51ST AVEEISENHOWER DRCALLE TAMPICO MANDARINA WEISKOPF 55TH AVEVIA DONAROSS AVEDEL GATO DRVIA SAVONA CALLE SINALOA 47TH AVE 46TH AVE OASIS STCALLE DURANGO AVENIDA MADEROPARK AVEHOVLEY LN LIMA HALL RDVILLAGE DR BERMUDA DUNES DR CSILLA ST CETRINO GLASS DRB O N IT A T R L PIRKER DR ANDALUSIACALEO BAYC O A C H ELLA D RQUAIL RUN LNARACENA SPANISH BAY TOM FAZIO LN NRIVIERA AVETIBURON DRSEELEY DRYOUNGS LNVIA CC VIA VALEROSA MISSION DR W TOPAZ DRR O N D A MISSOURI DR FIRESTONEEMERALD DR GOLF VI EW D R V ILL A G E C L U B D R DELAWARE ST VIA DDPORT ROYAL AVE CALLE HIDALGO BAFFIN AVE TOM FAZIO LN SVISTA ESTRELLAVI A P A V I O N POMELO ST AVENIDA BERMUDASVI A CARM E L TORINO DR JASPER PARK AVEPORT MARIA RDPARK LNPALM DR TIGRIS AVE LO M A VISTA POLO RDCORTEZ PLFIESTA DR N U E V O D R SAND DRLA PALMA DR 59TH AVE JASMINE LN VIA M E LODI A 53RD AVEAPPIAN WAYDESERT ROSE DRTANGELOYALE STDESERT STRE AM DR PEBBLE BEACH DR ROCK ROSE DRMAGELLAN PLYUCCA LNBRADSHAW TRLVIA SORRENTOCALLE NORTEVISTA LAGUNASHASTA PLCLA RET CVVIA LUGOLA QUINTA DRFREESIA PLCONTENTOBUNKER LNSILVER ROCKHAWKEYE DR VIA RITA SAGUARO RD ZENDA DR VIA BELLAGIOTUCSON CIR LIBERTY STSTONEGATE SIENA DRSPARKEY WAYQU AR RY LN SIMON DR OAKM ONT CARMONASEVILLEC O UP L E S C T I-10 58TH AVEADAMS STADAMS STMADISON STRIVIERA MADISON STJEFFERSON STAIRPORT BLVDADAMS ST51ST AVEJEFFERSON STADAMS ST® Legend La Quinta $1.5 Million Budget Streets 2021-22 2022-23 2023-24 2024-25 2025-26 City of La Quinta $1.5 Million Budget Map 2021-26 87 ATTACHMENT 2 ATTACHMENT 2 DEVELOPER(RESPONSIVE / CONFIRMED)AGREEMENTDATECIP PROJECT DESCRIPTIONNTE AMOUNT TOTAL POINTSACCRUED FY 17/18 FY 18/19 FY 19/20 FY 20/21 FY 21/22 FY 22/23 FY 23/24 FY 24/25 FY 25/26 FY 26/27 FY 27/28 FY 28/29ND La Quinta Partners, LLC 4-Dec-07 Avenue 52 - Improved One Lane of Travel & Installed Raised/Landscaped Median 1,344,690$ 1865,455$ 65,455$ 66,536$ 77,563$ 90,000$ 90,000$ 101,106$ 101,408$ 140,021$ 204,400$ 225,000$ 117,747$ East of Madison, LLC 4-Dec-07 Avenue 52 - Improved One Lane of Travel & Installed 1/2 Raised/Landscaped Medi669,920$ 1761,818$ 61,818$ 62,839$ 73,254$ 85,000$ 85,000$ 95,489$ 95,775$ 48,926$ -$ -$ -$ East of Madison, LLC (Part 1) 26-Jan-16 Madison Street - Improved One Lane of Travel & Installed Raised/Landscaped Med976,266$ 1450,909$ 50,909$ 51,750$ 60,327$ 70,000$ 70,000$ 78,638$ 78,873$ 108,905$ 158,978$ 175,000$ 21,976$ Toll Brother's Inc. (Part 1) 6-Feb-08 Avenue 50 - Installed Full Median Curb & Median Island Landscape 179,062$ 1347,273$ 47,273$ 48,054$ 36,463$ -$ -$ -$ -$ -$ -$ -$ -$ East of Madison, LLC (Part 2) 26-Jan-16 Avenue 54 - Improved One Lane of Travel & Striped 1/2 width Painted Median 524,010$ 1140,000$ 40,000$ 40,661$ 47,400$ 55,000$ 55,000$ 61,787$ 61,972$ 85,568$ 36,622$ -$ -$ ND La Quinta Partners, LLC 26-Jan-16 Madison Street - Improved One Lane of Travel 418,400$ 1140,000$ 40,000$ 40,661$ 47,400$ 55,000$ 55,000$ 61,787$ 61,972$ 16,580$ -$ -$ -$ Lennar Homes of California, Inc6-Jun-11 Fred Waring Drive - Installed full Median Curb & Median Island Landscape 103,083$ 1036,364$ 36,364$ 30,356$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Sam's Real Estate Business Trus10-Oct-12 Dune Palms Road - Installed Full Median Curb & Median Island Landscape228,697$ 932,727$ 32,727$ 33,268$ 38,782$ 45,000$ 45,000$ 1,193$ -$ -$ -$ -$ -$ Toll Brother's Inc. (Part 2) 6-Feb-08 Avenue 52 - Median Island Improvements (Landscape Only)95,596$ 725,455$ 25,455$ 25,875$ 18,812$ -$ -$ -$ -$ -$ -$ -$ -$ 4,539,723$ 110400,000$ 400,000$ 400,000$ 400,000$ 400,000$ 400,000$ 400,000$ 400,000$ 400,000$ 400,000$ 400,000$ 139,723$ $Denotes the final payment due to the DeveloperDEVELOPER(NON-RESPONSIVE)AGREEMENTDATECIP PROJECT DESCRIPTIONNTE AMOUNT TOTAL POINTSACCRUED Greystone Clubhouse Assoc., LL12-Jun-08 Avenue 52 - Improved One Lane of Travel & Installed Raised/Landscaped Median 463,894$ 15T.D. Desert Development LLP 12-Oct-06 Avenue 50 - Installed 1/2 Median Curb (with Landscape) 186,900$ 10650,794 25CITY OF LA QUINTA CAPITAL IMPROVEMENT PROGRAMDEVELOPER REIMBURSEMENT AGREEMENT REPAYMENT The above listed developers (two total) have not submitted the appropriate invoices or documentation, and are therefore considered as "Non‐Responsive". The repayment plan above does not include the total of the Non‐Responsive Developers ($650,794) in its total ($4,539,723). TOTAL DEVELOPER REIMBURSEMENT:TOTAL DEVELOPER REIMBURSEMENT:This repayment plan is applicable to the Developers who have submitted invoices to the City, and the City has reviewed / approved repayment.This method calculates the overall percentage based on the Total Points Accrued, and allows the Developers to receive annual payments accordingly, until the Agreement has been satisfied. The percentage of (Total Points Accrued / Total Points) was determined for each Developer Reimbursement Agreement and multiplied by an annual anticipated payment of $400,000 to determine how much each Developer shall receive each year. In the event that a Developer's Agreement was fulfilled in a year, and there was a remainder of the anticipated $400,000, a new percentage, excluding the points from the previously repaid developer, was calculated and redistributed within that same Fiscal Year. ATTACHMENT 3ATTACHMENT 3 City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: April 13, 2022 STAFF REPORT AGENDA TITLE: REVIEW AND DISCUSS 2022 COMMUNITY WORKSHOP RECOMMENDATION Review and discuss 2022 Community Workshop. EXECUTIVE SUMMARY • Annually the City hosts a community workshop to garner input on City priorities from interested parties. • This workshop marks the beginning of the fiscal year (FY) 2022/23 budget cycle, which includes expenses from Measure G sales tax revenue. FISCAL IMPACT - None BACKGROUND/ANALYSIS The 2022 Community Workshop was held on Saturday, March 12, 2022 and attended by 76 active participants. The workshop included a recap of major initiatives and accomplishments for FY 2020/21, projects underway for 2021/22, an update on 10-year financial projections, a confirmation of sacred community values, and a presentation and prioritization of upcoming City initiatives and “big rocks” (obstacles). In accordance with the Measure G ballot measure, the FAC provides oversight of Measure G funds. Some priorities identified during the community workshop may be funded with current or future Measure G revenues. The Ten-year financial projections report for the General Fund was presented and discussed at the workshop. Projections have been updated to incorporate year-to-date adjustment for FY 2021/22 and the report is provided as Attachment 1. ALTERNATIVES The FAC may request additional information. Prepared by: Claudia Martinez, Finance Director Attachment: 1. 2022 10-Year Financial Projections Report STUDY SESSION ITEM NO. 2 CITY OF LA QUINTA General Fund Financial Projections For Fiscal Years Ending 2023-2032 ATTACHMENT 1 2 FINANCIAL PROJECTIONS GENERAL FUND OVERVIEW AND TEN-YEAR FORECAST The City of La Quinta Fiscal Years 2023-2032 Financial Projections Report is an annual long-term financial forecast and serves as a fundamental element of the budget process. The purpose of the forecast is to evaluate current and future fiscal conditions and to guide policy and planning decisions. The General Fund is the City’s primary Fund and is used to account for a broad range of City activities. The projections focus on baseline revenues and expenditures and include an assessment of the City’s financial condition, emerging needs, and expected fiscal capacity to meet those needs. General Fund financial projections provide the City with a forward ten-year view of all expected General Fund revenues, expenses, and cash positions. This forward view helps residents, City Staff, and City Council assess revenue sources and expense priorities, consistent with the City’s sacred values and goals. Revenues Over the next ten years, cumulative operating revenues are expected to be: Source $ Millions Sales Taxes $248 Property Taxes 237 Transient Occupancy Taxes 125 Fees/Permits 63 SilverRock Proceeds 24 Other 17 Total $714 General Fund Revenue Sales Taxes Property Taxes Transient Occupancy Taxes Fees/Permits SilverRock Proceeds Other 3 Expenses Over the next ten years, cumulative operating expenses are expected to be: Use $ Millions Police Services $247 Operations 145 Administration 131 Fire Services 87 Capital Improvements 21 Other 16 Total $647 Revenue and Expense Comparison Over the next ten years, a comparison of annual operating revenues and operating expenses shows: $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 22/23 23/24 24/25 25/26 26/27 27/28 28/29 29/30 30/31 31/32 Revenues vs Expenditures ($ Millions) Revenues Expenditures Operational Expenses Police Services Operations Administration Fire Services Capital Improvements Other 4 Net Cash Position Over the next ten years, the General Fund shows positive cash positions for all years. Annual Redevelopment Agency Loan Repayments total $22.8 million, and end in 2029/30. Looking Forward As with all projections, uncertainties exist regarding key factors that could affect the City’s financial condition. These include and are not limited to: • Residual effects of COVID-19 pandemic and government response • Pace of economic recovery and impact on the local economy • Market volatility and impact on investments and pension fund returns • Inflation and interest rate increases • Short-term vacation rental program modifications The City’s prudent financial practices and continual monitoring of the annual budget provide stability to services delivered to the residents. Fiscal planning and projecting the long-term financial outlook places the City in a solid financial position as it navigates the uncertainty of the economy, reinforcing the City’s commitment to fiscal sustainability. $1 $3 $5 $7 $9 $11 $13 31/32 30/31 29/30 28/29 27/28 26/27 25/26 24/25 23/24 22/23 Net Cash Position ($ Millions) From Operations Redevelopment Agency Loan Proceeds City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING DEPARTMENT REPORT TO: Members of the Financial Advisory Commission FROM: Claudia Martinez, Finance Director DATE: April 13, 2022 SUBJECT: FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES The Finance Department would like to thank the Commission for their participation in the Annual Community Workshop and the Special Joint meeting of the City Council, Boards and Commissions/Committees. In addition to items presented as staff reports, the Finance Department would like to provide updates on the following matters. AUDIT & FINANCIAL REPORTING • Single Audit for federal funds for fiscal year 2020/21 is currently in process. • Citywide Comprehensive fiscal year 2020/21 Audit is currently in process. The fiscal year (FY) 2020/21 Annual Comprehensive Financial Report (ACFR) remains in draft form with an expected completion date of 5/01/2022. The City has been granted an extension to file the report from the Government Finance Officers Association of the United States and Canada (GFOA) for the Certificate of Achievement for Excellence in Financial Reporting. The City has provided comments to the auditing firm on reporting requirements, the presentation of information, notes to the financial statements, statistical section, and management letters to ensure that all requirements are met. COMMITTEE UPDATES • FY 2022/23 General Fund Operating Budget Subcommittee (Commissioners Anderson, Dorsey, Mast) o Finance Director to coordinate meeting timeline with committee members • Reserve Policy Update (Spring of 2022) o Coordination with the City Clerk’s office o Selection of sub-committee at May meeting DEPARTMENTAL REPORT ITEM NO. 1 PERSONNEL UPDATES The Accounting Manager recruitment is currently underway, and we will provide an update during our next meeting. It is important to note the items mentioned in this update are in addition to the daily functions of the Finance Department. POWER POINTS FINANCIAL ADVISORY COMMISSION SPECIAL MEETING APRIL 13, 2022 04/13/2022 1 Financial Advisory Commission Meeting 04/13/2022 1 2 04/13/2022 2 Financial Advisory Commission April 13, 2022 Study Session Item No. 1 Discuss Projects to be Included in Fiscal Years 2022/23 through 2026/27 Capital Improvement Program Purpose and Timeline •Review CIP – 5-year plan •City Council Study Session (April 5) –SB1 RMRA and Measure A Approval on April 19 –Public Hearing in June –Appropriate first year funds with City Budget •Finance Advisory Commission –Discuss proposed Measure G funded projects 3 4 04/13/2022 3 FY 2022/23 Projects •Transportation Projects •Drainage Projects •Landscape Renovation Projects •Parks and Facilities Projects •Technology and Infrastructure Projects •DIF Reimbursements 9 Proposed Measure G Funded Projects •Landscape Lighting & Median Island Improvements •La Quinta Skate Park Conversion •Sports Complex Lighting Replacement •Highway 111 Corridor Implementation •Village Undergrounding Project •ADA Transition Plan Update •Village Parking Lot •Phase II Citywide Safety Camera System •Smart Infrastructure Improvements 5 6 04/13/2022 4 Transportation Projects •2022/23 PMP –Second year of 5-Year PMP –Grind and overlay on Avenue 47 from Washington Street to Adams Street –Crack Fill and Slurry Seal: •Eisenhower Drive from Avenue 50 to Calle Tampico •Monroe Street from Avenue 62 to Avenue 53 –Crack sealing the north/south street segments within the Cove Transportation Projects •Avenue 53 at Jefferson Street Roundabout –Roundabout at Jefferson Street and Avenue 53 –Road diet on Jefferson Street from Ave 52 to Ave 54 - buffered bicycle and golf cart lane •Avenue 50 Pavement Rehabilitation –Washington Street to Eisenhower Drive •Fred Waring Pavement Rehabilitation –Washington Street to Adams Street 7 8 04/13/2022 5 Transportation Projects •Avenue 50 Widening Improvements –Jefferson Street to Madison Street –In partnership with city of Indio –Include multi-use trail on north side •Highway 111 at Jefferson Street - (reconstruction of intersection) –In coordination with city of Indio –Will also address drainage issues if needed Transportation Projects •Moon River Drive Pavement Rehabilitation –From Avenue 50 to DSUSD right of way •Avenue 52 Pavement Rehabilitation –From Madison Street to Monroe Street 9 10 04/13/2022 6 Drainage Improvements •Citywide Drainage Enhancements –Minimum 150-year storm protection –Focused drainage study –Next areas to improve: Washington Street, Avenue 50/Eisenhower Landscape Renovation Projects 11 12 04/13/2022 7 Landscape Renovation Project •Landscape & Lighting Median Island Improvements –Refurbish southern medians –Utilizing current landscape contractor and staff Parks and Facilities Projects •Fritz Burns Park Improvements –Space Planning effort underway –Design funding for additional park amenity improvements •La Quinta Skatepark Conversion –Conversion of existing skatepark at La Quinta Park to new amenity: urban soccer park, pickleball or human foosball –Upgrade existing water feature and park equipment 13 14 04/13/2022 8 Parks and Facilities Projects •Sports Complex Lighting Replacement –Replace existing failing light poles at sports complex with new energy efficient light poles •City Hall Capacity Improvements –Address space needs in City Hall to provide additional capacity for: •City Clerk •Design and Development •Community Resources/Emergency Services Other CIP Projects •Highway 111 Corridor Area Plan Implementation –Single Specific Plan phase underway –PS&E for demonstration projects and ATP Grant application –Banking construction funding for demonstration project –Start to address entry monuments and wayfinding 15 16 04/13/2022 9 Technology and Infrastructure Projects •Village Undergrounding Project –Feasibility Study to assess cost and challenges for undergrounding utilities in Village area •ADA Transition Plan Update •Citywide Miscellaneous ADA Improvements •Village Parking Lot –Funding for land purchase to address parking in Village area Other CIP Projects •Phase II Citywide Safety Camera System –Installation of safety cameras at additional parks, city owned facilities and one intersection –Fiber optic connections –Automatic License Plate Reading cameras at entrance and exit points of the city •Smart Infrastructure Improvements –Feasibility study master plan assessing implementation of smart infrastructure 17 18 04/13/2022 10 DIF Reimbursements •Pay down existing obligations –In lieu of approving new Transportation DIF Projects –$400,000 per year –Anticipated completion: 2028/29 Projects on the Horizon •Corporate Yard Administrative Offices and Crew Quarters (2023/24) •Washington Street Sidewalk Improvements (2023/24) –Avenue 50 to Calle Tampico •Corporate Centre Drive Gap Closure(2023/24) 19 20 04/13/2022 11 21 22 04/13/2022 12 2022/23 CIP Next Steps •Seek Council direction •CIP adopted in June •Appropriate first year funds with City Budget QUESTIONS & DISCUSSION 23 24 04/13/2022 13 Financial Advisory Commission Meeting 04/13/2022 Business Session Item No. 1 Receive and File Fiscal Year 2021/22 Mid-Year Budget Report Mid-Year Report Content •General Fund, 2 Internal Service Funds, 4 Special Funds •Recommended Adjustments •Revenues $6,416,200 •Expenses $845,290 •Personnel Adjustments and 1 New Position •General Fund Reserves Review 25 26 04/13/2022 14 General Fund Revenues •Revenues for top 3 sources- stronger than anticipated •Increase in building activity & STVR compliance •Continue to monitor changes •Updates: 3rd and 4th Quarter Budget Reports Other Funds Adjustment Library & Museum Fund (202) 1,200$ SilverRock Resort Fund (601) 30,000 TOTAL 31,200$ Revenue Description Adjustment Property Taxes, RPTTF Pass Through 400,000$ State Sales Taxes 500,000 Measure G Sales Taxes 800,000 TOT- Hotels 1,500,000 TOT- Short-Term Vacation Rentals 2,000,000 Building Permits 540,000 Public Works Permits 330,000 Administrative Citations 315,000 TOTAL REVENUE ADJUSTMENTS 6,385,000$ General Fund Expenses •Unanticipated & Fluctuating •Administrative Expenses •Building & Park Improvements •Personnel Adjustments Expense Description Adjustment City Clerk 10,000$ Community Resources 72,300 Marketing 100,000 Design & Development 190,000 Public Works 85,000 Personnel Adjustments 140,000 TOTAL EXPENSE ADJUSTMENTS 597,300$ 27 28 04/13/2022 15 Other Fund Adjustments •Unanticipated repairs and equipment •Technology improvements •Temporary personnel adjustments •Contract MOU updates •Avoid budget shortfalls & use fund balance when appropriate Fund Name Adjustment Facility & Fleet Replacement Fund-ISF 15,000 Information Technology Fund- ISF 47,000 Gas Tax Fund 50,000 Library and Museum Fund 75,990 SilverRock Resort Fund 30,000 SilverRock Reserve Account 30,000 TOTAL OTHER FUNDS 247,990$ General Fund Reserves Reserve Category Current Target Surplus/(Deficit) Cash Flow Reserve 5,000,000 5,000,000 - Natural Disaster Reserve 10,000,000 10,000,000 - Economic Disaster 11,000,000 11,000,000 - Capital Replacement Reserve 10,000,000 10,000,000 - Pension Trust Benefits 11,381,922 10,000,000 1,381,922 47,381,922 46,000,000 1,381,922 Unassigned Fund Balance 24,241,566 Unassigned Fund Balance $24,241,256 Dune Palms Bridge project funding ($7,468,061) Recommended Allocation ($2,000,000) Unassigned Fund Balance $14,773,505 •100% Fully funded reserve categories •Balances as of 6/30/2021 •Use of Unassigned reserves to pay down outstanding pension obligation 29 30 04/13/2022 16 Discussion & Questions The Next Financial Advisory Commission Meeting is May 11, 2022 31 32