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2022 12 14 FAC Special Meeting0aiAr(V � GEM of the DESERT — NOTICE AND CALL OF 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, December 14, 2022, starting at 10:00 a.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 NOVEMBER 9, 2022 2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED JUNE 30, 2022 3. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED SEPTEMBER 30, 2022 4. RECEIVE AND FILE FIRST QUARTER FISCAL YEAR 2022/23 TREASURY REPORTS FOR JULY, AUGUST, SEPTEMBER 2022 BUSINESS SESSION 1. RECEIVE AND FILE THE ANNUAL MEASURE G SALES TAX OVERSIGHT COMPLIANCE REPORT FOR FISCAL YEAR 2021/22 2. APPOINT TWO COMMISSIONERS TO SERVE ON THE FISCAL YEAR 2023/24 GENERAL FUND OPERATING BUDGET SUBCOMMITTEE 3. APPOINT TWO FINANCIAL ADVISORY COMMISSIONERS TO FORM A 10- YEAR FINANCIAL PROJECTIONS TASK FORCE STUDY SESSION 1. DISCUSS RESERVE ANALYSIS REVIEW AND DRAFT REPORT DEPARTMENTAL REPORTS 1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES Dated: December 8, 2022 /s/ W . Richard Mills W. Richard Mills, Chairperson Attest: Jessica Delgado, Management Assistant FINANCIAL ADVISORY COMMISSION Page 1 of 2 DECEMBER 14, 2022 SPECIAL MEETING 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 December 14, 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 December 8, 2022. Jessica Delgado, Management Assistant FINANCIAL ADVISORY COMMISSION SPECIAL MEETING Dated: December 8, 2022 Page 2 of 2 DECEMBER 14, 2022 t Q 0 a W fra - Cxnm ofthc f}Emyr Financial Advisory Commission agendas and staff reports are now available on the City's web page: www.laauintaca,gov SPECIA1 MEETING FINANCIAL ADVISORY COMMISSION AGENDA CITY HALL COUNCIL CHAMBER, 78495 Calle Tampico, La Quinta WEDNESDAY, DECEMBER 14, 2022 AT 10:00 A.M. Members of the public may listen to this meeting by tuning -in live via https://laguinta.12milesout.com/video/live. CALL TO ORDER Roll Call: Commissioners: Anderson, Batavick, Dorsey, Luettjohann, Mast, Way and Chair Mills PLEDGE OF ALLEGIANCE PUBLIC COMMENTS — INSTRUCTIONS Members of the public wanting to address the 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 either in -person during the meeting by submitting 15 copies to the Commission Secretary, it is requested that this takes place prior to the beginning of the meeting; or can be emailed in advance to ]Delgado@LaQuintaCA.gov, no later than 9:00 a.m., on the day of the meeting. Written public comments will be distributed to the Commission, made public, and will be incorporated into the public record of the meeting, but will not be read during the meeting unless, upon the request of the Chair, a brief summary of public comments is asked to be reported. If written public comments are emailed, the email subject line must clearly state "Written Comments" and should include: 1) full name, 2) city of residence, and 3) subject matter. FINANCIAL ADVISORY COMMISSION AGENDA Page 1 of 4 DECEMBER 14, 2022 SPECi,._ , .--. _.— VERBAL PUBLIC COMMENTS can be provided in -person during the meeting by completing a ""Request to Speak" form and submitting it to the Commission Secretary; it is requested that this takes place prior to the beginning of the meeting. Please limit your comments to three (3) minutes (or approximately 350 words). Members of the public shall be called upon to speak by the Chair. In accordance with City Council Resolution No. 2022-028, a one-time additional speaker time donation of three (3) minutes per individual is permitted; please note that the member of the public donating time must: 1) submit this in writing to the Commission Secretary by completing a "Request to Speak" form noting the name of the person to whom time is being donated to, and 2) be present at the time the speaker provides verbal comments. Verbal public comments are defined as comments provided in the speakers' own voice and may not include video or sound recordings of the speaker or of other individuals or entities, unless permitted by the Chair. Public speakers may elect to use printed presentation materials to aid their comments; 15 copies of such printed materials shall be provided to the Commission Secretary to be disseminated to Commission, made public, and incorporated into the public record of the meeting; it is requested that the printed materials are provided prior to the beginning of the meeting. There shall be no use of Chamber resources and technology to display visual or audible presentations during public comments, unless permitted by the Presiding Officer. All writings or documents, including but not limited to emails and attachments to emails, submitted to the City regarding any item(s) listed or not listed on this agenda are public records. All information in such writings and documents is subject to disclosure as being in the public domain and subject to search and review by electronic means, including but not limited to the City's Internet Web site and any other Internet Web -based platform or other Web -based form of communication. All information in such writings and documents similarly is subject to disclosure pursuant to the California Public Records Act [Government Code § 6250 et seq.]. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA At this time, members of the public may address the Commission on any matter not listed on the agenda pursuant to the "Public Comments - Instructions" listed above. The Commission values your comments; however, in accordance with State law, no action shall be taken on any item not appearing on the agenda unless it is an emergency item authorized by the Brown Act [Government Code § 54954.2(b)]. CONFIRMATION OF AGENDA FINANCIAL ADVISORY COMMISSION AGENDA Page 2 of 4 DECEMBER 14, 2022 SPECIAL MEETING 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 NOVEMBER 9, 2022 2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED JUNE 30, 2022 3. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED SEPTEMBER 30, 2022 4. RECEIVE AND FILE FIRST QUARTER FISCAL YEAR 2022/23 TREASURY REPORTS FOR JULY, AUGUST, SEPTEMBER 2022 BUSINESS SESSION 1. RECEIVE AND FILE THE ANNUAL MEASURE G SALES TAX OVERSIGHT COMPLIANCE REPORT FOR FISCAL YEAR 2021/22 2. APPOINT TWO COMMISSIONERS TO SERVE ON THE FISCAL YEAR 2023/24 GENERAL FUND OPERATING BUDGET SUBCOMMITTEE 3. APPOINT TWO FINANCIAL ADVISORY COMMISSIONERS TO FORM A 10- YEAR FINANCIAL PROJECTIONS TASK FORCE STUDY SESSION 1. DISCUSS RESERVE ANALYSIS REVIEW AND DRAFT REPORT DEPARTMENTAL REPORTS 1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES COMMISSIONERS' ITEMS ADJOURNMENT The next regular quarterly meeting of the La Quinta Financial Advisory Commission will be held February 8, 2023, commencing at 4:00 p.m. at the La Quinta City Hall Council Chamber, 78-495 Calle Tampico, La Quinta, CA 92253. FINANCIAL ADVISORY COMMISSION AGENDA Page 3 of 4 DECEMBER 14, 2022 SPECIAL MEETIN, 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 of December 14, 2022, was posted on the City's website, near the entrance to the Council Chamber at 78-495 Calle Tampico, and the bulletin boards at 78-630 Highway 111, and 51-321 Avenida Bermudas, on December 8, 2022 DATED: December 8, 2022 Jessica Delgado, Management Assistant City of La Quinta, California Public Notices • The La Quinta City Hall Council Chamber is handicapped accessible. If special equipment is needed for the hearing impaired, please contact the Commission Secretary at (760) 777-71501 twenty-four (24) hours in advance of the meeting and accommodations will be made. • If background material is to be presented to the Commission during a Commission meeting, please be advised that 15 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. FINANCIAL ADVISORY COMMISSION AGENDA Page 4 of 4 DECEMBER 14, 2022 SPECIAL MEETING CONSENT CALENDAR ITEM NO. 1 FINANCIAL ADVISORY COMMISSION MINUTES WEDNESDAY, NOVEMBER 9, 2022 CALL TO ORDER A regular meeting of the La Quinta Financial Advisory Commission (Commission) was called to order at 4:00 p.m. by Chair Mills. PRESENT: Commissioners Anderson, Batavick, Dorsey, Mast, Way, and Chair Mills ABSENT: Commissioner Luettjohann, STAFF PRESENT: Finance Director Martinez, Financial Services Analyst Hallick, Account Technician Batuta, 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 OCTOBER 5, 2022 2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED JULY 31, 2022 3. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED AUGUST 31, 2022 CONSENT CALENDAR ITEM NO .2 - discussion The Commission inquired about the following expenditure listed under the top five non -general fund expenditures for the Revenue and Expenditure Report dated July 31, 2022: • Homelessness assistance - Financial Services Analyst Hallick explained the Housing Authority annually approves funding to provide assistance FINANCIAL ADVISORY COMMISSION MINUTES Page 1 of 3 NOVEMBER 9, 2022 to area homelessness service providers and homelessness prevention partners, such as the Coachella Valley Rescue Mission, Martha's Village and Kitchen, and Coachella Valley Association of Government (CVAG) - CV Housing First program to assist with homelessness in the region each year; and noted that in the past the funding is generally distributed equally. • Non -allocated interest (pension trust) - if anything is being done to mitigate credit card fees - Financial Services Analyst Hallick explained the amount listed for the non -allocated interest (pension trust) is the gain on the account for the month. Staff said the 2022 adopted Master Fee Schedule includes a 2.5% credit card surcharge that went into effect for all credit cards on October 1, 2022. Motion - A motion was made and seconded by Commissioners Mast/Way to approve the Consent Calendar as submitted. Motion passed: yes - 6, noes - 0, abstain - 0, absent - 1 (Luettjohann). BUSINESS SESSION - None STUDY SESSION - None DEPARTMENTAL REPORTS All reports are on file in the Finance Department. 1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES Chair Mills inquired about the staff coordination for the review of the City's Annual Comprehensive Financial Report (ACFR) in response to Commissioner Way's request on August 24, 2022. Finance Director Martinez said this would be coordinated with the Commission in early months of 2023. Finance Director Martinez announced upcoming events for the City. The Commission inquired about the phase -out of the City's old email notification system, Quail Mail, and noted they are receiving duplicate emails due to the old and new subscriptions. Staff said the old email notification system of Quail Mail should be phased out soon and that would resolve the duplicate notifications. Commissioner Batavick inquired about forming a subcommittee for the review of the City's financial 10-year projections. Finance Director Martinez said that appointment of a subcommittee would be added to the next Commission meeting. FINANCIAL ADVISORY COMMISSION MINUTES Page 2 of 3 NOVEMBER 9, 2022 2. SECOND QUARTER 2022 (APRIL-JUNE) SALES TAX UPDATE FOR THE CITY OF LA QUINTA Financial Services Analyst Hallick mentioned that staff attends several economic summits including a recent local Economic Update by the Coachella Valley Economic Partnership (CVEP). Commissioner Way asked if the Annual CVEP Forum is open to the public; Ms. Hallick confirmed and said the update usually takes place annually in the month of October. COMMISSIONERS' ITEMS Chair Mills inquired on rebate fees for the pension trust discussed during the last Commission meeting. Financial Services Analyst Hallick said that she spoke with Mitch Barker, the City's representative for Public Agency Retirement Services, who confirmed that there are no rebate fees included. Finance Director Martinez said a special Commission meeting in December would be needed to meet upcoming agenda item deadlines and that staff would follow up with the Commission via email to schedule it. ADJOURNMENT There being no further business, it was moved by Commissioner Batavick/Dorsey to adjourn this meeting at 4:38 p.m. Motion passed: yes - 6, noes - 0, abstain - 0, absent - 1 (Luettjohann). Respectfully submitted, Jessica Delgado, Management Assistant City of La Quinta, California FINANCIAL ADVISORY COMMISSION MINUTES Page 3 of 3 NOVEMBER 9, 2022 City of La Quinta CONSENT CALENDAR ITEM NO. 2 FINACIAL ADVISORY COMMISSION MEETING: December 14, 2022 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED JUNE 30, 2022 RECOMMENDATION Receive and file revenue and expenditure report dated June 30, 2022. EXECUTIVE SUMMARY • The report summarizes the City's year-to-date (YTD) revenues and period expenditures for June 2022 (Attachment 1). These reports are also reviewed by the City Council. FISCAL IMPACT - None BACKGROUND/ANALYSIS Below is a summary of the column headers used on the Revenue and Expenditure Summary Reports: Original Total Budget - represents revenue and expenditure budgets the Council adopted in June 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. June Revenues Comparison to Last Year Percent of Percent MTD YTD Budget YTD of Budget General Fund (GF) $ 18,200,790 $ 76,623,512 105.87% $ 70,305,823 121.88% All Funds $ 22,790,284 $ 132,456,657 76.90% $ 129,715,202 74.27% June Expenditures Comparison to Last Year Percent of Percent MTD YTD Budget YTD of Budget General Fund $ 16,607,410 $ 51,834,255 58.28% $ 46,746,637 69.69% Payroll (GF) $ 1,039,156 $ 12,371,006 90.04% $ 10,258,875 89.01% All Funds $ 8,988,243 $ 87,780,792 44.74% $ 109,802,386 58.03% ToD Five Revenue/Income Sources for June General Fund Non -General Fund Fire Service Credit $ 6,861,086 County Government Revenue -Library/Museum $ 2,214,428 Measure G Sales Tax $ 4,066,553 Capital Improvement Program (CIP) Transfers In $ 1,073,617 Sales Tax $ 3,124,033 County Sales Tax (Measure A) $ 725,862 Transient Occupancy (Hotel) Tax $ 3,116,548 Developer Impact Fees- Transportation $ 509,544 Property Tax in Lieu of Vehicle Fees 2,307,838 Technology Support Internal Service Fund I1 438,675 Ton Five Expenditures/Outlays for June General Fund Non -General Fund Fire Service and Ladder Truck Q1-Q4 $ 6,920,752 Capital Improvement Program (CIP) - Construction(3) $ 1,461,037 Sheriff Contract (April to June) $ 5,800,819 Annual Library Operations $ 1,052,228 Transfers Out $ 447,621 2021 Series Bond Interest $ 959,257 Liability Insurance & Claims (2) $ 132,250 Parks Depreciation Expense $ 496,933 Visit Greater Palm Springs $ 115,000 Transfers Out- Quimby Fund to CIP (X-park) $ 334,791 (')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. (z)These charges in the General Fund represent quarterly contributions to the Insurance Internal Service Fund. (3) CIP Construction: SilverRock canal crossing; X-Park; misc. ADA improvements; landscape conversion. 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 Attachment 1: Revenue and Expenditure Report for June 30, 2022 Qw�fra W FINANCE Fund 101 - GENERAL FUND 105 - DISASTER RECOVERY FUND 201 - GAS TAX FUND 202 - LIBRARY & MUSEUM FUND 203 - PUBLIC SAFETY FUND (MEASU 210 - FEDERAL ASSISTANCE FUND 212 - SLESA (COPS) FUND 215 - LIGHTING & LANDSCAPING FU 221 - AB 939 - CALRECYCLE FUND 223 - MEASURE A FUND 224-TUMF FUND 225 - INFRASTRUCTURE FUND 226-EMERGENCY MANAGEMENT 227 - STATE HOMELAND SECURITY I 230 - CASp FUND, AB 1379 231 - SUCCESSOR AGCY PA 1 RORF 235 - 50 COAST AIR QUALITY FUND 237 - SUCCESSOR AGCY PA 1 ADMII` 241 - HOUSING AUTHORITY 243 - RDA LOW -MOD HOUSING FUI` 247 - ECONOMIC DEVELOPMENT FL 249 - SA 2011 LOW/MOD BOND FUI 250-TRANSPORTATION DIF FUND 251 - PARKS & REC DIF FUND 252 - CIVIC CENTER DIF FUND 253 - LIBRARY DEVELOPMENT DIF 254 - COMMUNITY & CULTURAL CEI 255 - STREET FACILITY DIF FUND 256 - PARK FACILITY DIF FUND 257 - FIRE PROTECTION DIF 259 - MAINTENANCE FACILITIES DIF 270 - ART IN PUBLIC PLACES FUND 275 - LQ PUBLIC SAFETY OFFICER 299 - INTEREST ALLOCATION FUND 310 - LQ FINANCE AUTHORITY DEBT 401 - CAPITAL IMPROVEMENT PRO( 405 - SA PA 1 CAPITAL IMPRV FUND 501 - FACILITY & FLEET REPLACEMEI 502 - INFORMATION TECHNOLOGY 503 - PARK EQUIP & FACILITY FUND 504 - INSURANCE FUND 601 - SILVERROCK RESORT 602 - SILVERROCK GOLF RESERVE 760 - SUPPLEMENTAL PENSION PLA 761-CERBT OPEB TRUST 762 - PARS PENSION TRUST Report Total: ATTACHEMENT1 For Fiscal: 2021/22 Period Ending: 06/30/2022 Revenue Summary Variance Original Current Period Fiscal Favorable Percent Total Budget Total Budget Activity Activity (Unfavorable) Used 58,804,210 72,377,532 18,200,790 76,623,512 4,245,980 105.87% 0 4,993,504 -97,108 4,896,396 -97,108 98.06% 1,965,880 1,965,880 307,187 1,939,733 -26,147 98.67% 2,850,700 2,851,900 1,959,569 2,900,945 49,045 101.72% 5,000 5,000 -9,244 -7,550 -12,550 151.00% 151,000 151,000 -2,851 -1,427 -152,427 0.94% 101,000 101,000 22,955 152,765 51,765 151.25% 2,274,700 2,274,700 3,925 2,237,049 -37,651 98.34% 70,000 125,120 55,248 115,665 -9,455 92.44% 1,567,000 1,567,000 650,618 1,982,372 415,372 126.51% 0 0 -859 -859 -859 0.00% 100 100 -563 -450 -550 450.30% 12,000 12,000 0 28,874 16,874 240.62% 5,000 5,000 0 6,018 1,018 120.36% 19,200 19,200 -467 17,221 -1,979 89.69% 0 0 -628,203 19,484,467 19,484,467 0.00% 52,800 52,800 25,496 51,758 -1,042 98.03% 0 0 5,100 7,661 7,661 0.00% 871,400 1,666,400 -277,162 1,403,947 -262,453 84.25% 35,000 35,000 27,229 43,583 8,583 124.52% 30,000 30,000 -51,932 174,035 144,035 580.12% 201,000 26,000 -16,268 8,177 -17,823 31.45% 428,000 2,728,000 396,539 2,636,980 -91,020 96.66% 351,000 851,000 327,349 1,020,577 169,577 119.93% 152,000 602,000 139,361 627,911 25,911 104.30% 50,000 175,000 66,224 196,648 21,648 112.37% 72,000 372,000 25,181 339,454 -32,546 91.25% 0 0 -1,400 32,497 32,497 0.00% 0 0 -175 -97 -97 0.00% 66,000 191,000 53,037 212,043 21,043 111.02% 26,000 136,000 25,173 133,080 -2,920 97.85% 130,000 130,000 -13,153 189,831 59,831 146.02% 2,600 2,600 -1,477 814 -1,786 31.31% 0 0 -237,594 -23 -23 0.00% 1,100 1,100 1,100 1,100 0 100.00% 9,894,806 68,538,921 1,158,258 6,797,335 -61,741,586 9.92% 0 0 -11,139 -8,585 -8,585 0.00% 1,222,750 1,222,750 377,688 1,308,557 85,807 107.02% 1,786,700 1,786,700 378,931 1,730,680 -56,020 96.86% 400,000 400,000 -22,694 334,105 -65,895 83.53% 1,010,800 1,010,800 240,509 998,495 -12,305 98.78% 4,157,693 4,987,693 312,742 5,245,052 257,359 105.16% 67,000 67,000 -29,934 35,161 -31,839 52.48% 6,000 6,000 -2,596 2,882 -3,118 48.03% 80,000 80,000 -232,791 -257,076 -337,076 321.35% 700,000 700,000 -332,316 -1,184,653 -1,884,653 169.24% 89,620,439 172,247,700 22,790,284 132,456,657 -39,791,043 76.90% Page 1 of 3 Fund 101 - GENERAL FUND 201 - GAS TAX FUND 202 - LIBRARY & MUSEUM FUND 203 - PUBLIC SAFETY FUND (MEASU 210 - FEDERAL ASSISTANCE FUND 212 - SLESA (COPS) FUND 215 - LIGHTING & LANDSCAPING FU 220-QUIMBYFUND 221 - AB 939 - CALRECYCLE FUND 223 - MEASURE A FUND 225 - INFRASTRUCTURE FUND 226-EMERGENCY MANAGEMENT 227 -STATE HOMELAND SECURITY I 230 - CASp FUND, AB 1379 231 - SUCCESSOR AGCY PA 1 RORF 235 - 50 COAST AIR QUALITY FUND 237 - SUCCESSOR AGCY PA 1 ADMII` 241 - HOUSING AUTHORITY 243 - RDA LOW -MOD HOUSING FUI` 244 - HOUSING GRANTS (Multiple) 247 - ECONOMIC DEVELOPMENT FL 249 - SA 2011 LOW/MOD BOND FUI 250-TRANSPORTATION DIF FUND 253 - LIBRARY DEVELOPMENT DIF 254 - COMMUNITY & CULTURAL CEI 270 - ART IN PUBLIC PLACES FUND 310 - LQ FINANCE AUTHORITY DEBT 401 - CAPITAL IMPROVEMENT PRO( 405 - SA PA 1 CAPITAL IMPRV FUND 501 - FACILITY & FLEET REPLACEMEI 502 - INFORMATION TECHNOLOGY 503 - PARK EQUIP & FACILITY FUND 504 - INSURANCE FUND 601 - SILVERROCK RESORT 602 - SILVERROCK GOLF RESERVE 760 - SUPPLEMENTAL PENSION PLA 761 - CERBT OPEB TRUST 762 - PARS PENSION TRUST Report Total: For Fiscal: 2021/22 Period Ending: 06/30/2022 Expenditure Summary Variance Original Current Period Fiscal Favorable Percent Total Budget Total Budget Activity Activity (Unfavorable) Used 55,162,726 88,940,648 16,607,410 51,834,255 2,007,500 2,984,683 237,416 1,485,438 4,306,510 4,732,500 1,338,830 1,918,230 0 286,397 5,588 195,415 148,350 207,377 0 1,530 100,000 100,000 10,511 40,837 2,257,400 2,257,400 289,770 2,108,145 0 1,180,635 334,791 713,669 150,000 205,120 53,600 109,742 1,220,500 2,614,501 89,398 441,372 0 22,618 0 0 12,000 12,000 0 9,750 5,000 5,000 4,896 4,896 5,600 5,600 1,871 1,871 0 0 -13,342,454 1,943,288 42,500 42,500 21,548 47,298 0 0 3,000 8,800 1,542,200 1,761,200 163,451 1,220,781 250,000 250,000 50,000 50,700 0 160,000 0 90,107 21,500 71,500 80 66,843 20,000 8,650,545 25,035 8,656,075 604,500 1,816,757 0 400,000 30,000 30,000 11,112 11,112 125,000 125,000 0 0 127,000 782,700 24,775 120,748 1,100 1,100 1,100 1,100 9,894,806 67,876,095 1,759,846 6,410,644 0 1,128,751 61,735 1,128,751 1,222,750 1,736,214 -190,473 834,432 1,786,700 2,256,627 288,975 1,456,586 255,000 347,635 388,625 637,380 936,800 936,800 2,071 921,615 4,161,262 4,570,262 740,653 4,805,446 0 30,000 0 30,000 12,850 12,850 0 12,833 1,500 1,500 400 1,722 52,000 52,000 4,682 59,382 86,463,054 196,194,516 8,988,243 87,780,792 37,106,393 58.28% 1,499,246 49.77% 2,814,270 40.53% 90,983 68.23% 205,847 0.74% 59,163 40.84% 149,255 93.39% 466,967 60.45% 95,378 53.50% 2,173,129 16.88 % 22,618 0.00% 2,250 81.25% 104 97.92% 3,730 33.40% -1,943,288 0.00% -4,798 111.29% -8,800 0.00% 540,419 69.32% 199,300 20.28% 69,893 56.32% 4,657 93.49% -5,530 100.06% 1,416,757 22.02% 18,888 37.04% 125,000 0.00% 661,952 15.43% 0 100.00% 61,465,451 9.44% 0 100.00% 901,781 48.06% 800,041 64.55% -289,745 183.35% 15,185 98.38% -235,184 105.15% 0 100.00% 17 99.87% -222 114.81% -7,382 114.20% 108,413,724 44.74% Page 2 of 3 Fund Descriptions Fund # Name Notes The primary fund o the City used to account or all revenue and expenditures of the City; a broad 101 General Fund 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 Safetv (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 recvclina 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 Countv. 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. Assemblv Bill (AB) 1379 and Senate Bill (SB) 1186. Successor Agency (SA) Project Area (PA) 1 Redevelopment Obligation Retirement Fund (RORF) for 231 Successor Agency PA 1 RORF Fund Redevelopment Property Tax Trust Fund (RPTTF) taxes received for debt service payments on recognized obligations of the former Redevelopment Aaencv (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. Assemblv 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 Aqencv (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 /o for Housinq) 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 dutv. 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 fullv 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) I For all pension -related benefits and unfunded liabilities. Page 3 of 3 City of La Quinta CONSENT CALENDAR ITEM NO. 3 FINANCIAL ADVISORY COMMISSION MEETING: December 14, 2022 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED SEPTEMBER 30, 2022 RECOMMENDATION Receive and file revenue and expenditure report dated September 30, 2022. EXECUTIVE SUMMARY • The report summarizes the City's year-to-date (YTD) revenues and period expenditures for September 2022 (Attachment 1). These reports are also reviewed by the City Council. FISCAL IMPACT - None BACKGROUND/ANALYSIS Below is a summary of the column headers used on the Revenue and Expenditure Summary Reports: Original Total Budget - represents revenue and expenditure budgets the Council adopted in June 2022 for fiscal year 2022/23. Current Total Budget - represents original adopted budgets plus any Council approved budget amendments from throughout the year. The 2021/22 operating and Capital Improvement Project carryovers to 2022/23 will be processed after the year-end audit is completed. 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. 2022 Revenues Percent of MTD YTD Budget _ General Fund (GF) $ 3,463,984 $ 5,367,402 7.86% $ All Funds $ 5,276,829 $ 13,780,162 12.39% $ September 2022 Expenditures Comparison to Last Year Percent of YTD Budget 5,317,808 9.04% 9,500,410 10.60% Comparison to Last Year Percent of Percent of MTD YTD Budget YTD Budget General Fund $ 4,092,168 $ 7,198,064 11.13% $ 5,844,903 10.60% Payroll (GF) $ 1,075,287 $ 3,398,769 24.63% $ 2,761,194 24.37% All Funds $ 22,010,693 $ 28,883,586 28.07% $ 10,282,229 11.89% Ton Five Revenue/Income Sources for September General Fund Non -General Fund Measure G Sales Tax $ 1,100,441 Technology Support Internal Service Fund(') $ 556,677 Sales Tax $ 899,897 Facility & Fleet Internal Service Fund(') $ 416,000 Transient Occupancy (Hotel) Tax $ 578,166 Allocated Interest $ 306,889 CSA 152 Assessments $ 275,816 Insurance Internal Service Fund �1� $ 255,000 Document Transfer Tax $ 86,957 Gas Tax $ 161,182 General Fund Non -General Fund Sheriff Contract (July) $ 1,204,205 Debt Service Payments- Successor Agency Bonds(3) $ 14,973,153 Visit Greater Palm Springs $ 176,040 Capital Improvement Program (CIP) - Construction(` $ 1,040,429 Liability Insurance & Claims(2) $ 132,250 Developer Reimbursements $ 400,000 Parks Landscape Maintenance $ 121,608 SilverRock Maintenance $ 227,919 Park Equipment Maintenance(2) $ 112,500 Facility & Fleet Internal Service Fund(2) $ 140,475 (')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. (z)These charges in the represent quarterly contributions to the Internal Service Funds. (4)Interest and principal payments for redevelopment bonds, funded by dedicated Redevelopment Property Tax Trust Fund (RPTTF) revenue. (3)CIP Construction: X-Park and Topaz landscaping; Jefferson/Ave. 53 roundabout 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 Attachment 1: Revenue and Expenditure Report for September 30, 2022 ta GiKra FINANCE Fund 101 - GENERAL FUND 105 - DISASTER RECOVERY FUND 201 - GAS TAX FUND 202 - LIBRARY & MUSEUM FUND 203 - PUBLIC SAFETY FUND (MEASU 210 - FEDERAL ASSISTANCE FUND 212 - SLESA (COPS) FUND 215 - LIGHTING & LANDSCAPING FU 220-QUIMBYFUND 221 - AB 939 - CALRECYCLE FUND 223 - MEASURE A FUND 225 - INFRASTRUCTURE FUND 226-EMERGENCY MANAGEMENT 227 - STATE HOMELAND SECURITY I 230 - CASp FUND, AB 1379 231 - SUCCESSOR AGCY PA 1 RORF 235 - 50 COAST AIR QUALITY FUND 237 - SUCCESSOR AGCY PA 1 ADMII` 241 - HOUSING AUTHORITY 243 - RDA LOW -MOD HOUSING FUI` 247 - ECONOMIC DEVELOPMENT FL 249 - SA 2011 LOW/MOD BOND FUI 250-TRANSPORTATION DIF FUND 251 - PARKS & REC DIF FUND 252 - CIVIC CENTER DIF FUND 253 - LIBRARY DEVELOPMENT DIF 254 - COMMUNITY & CULTURAL CEI 255 - STREET FACILITY DIF FUND 256 - PARK FACILITY DIF FUND 257 - FIRE PROTECTION DIF 259 - MAINTENANCE FACILITIES DIF 270 - ART IN PUBLIC PLACES FUND 275 - LQ PUBLIC SAFETY OFFICER 299 - INTEREST ALLOCATION FUND 310 - LQ FINANCE AUTHORITY DEBT 401 - CAPITAL IMPROVEMENT PRO( 405 - SA PA 1 CAPITAL IMPRV FUND 501 - FACILITY & FLEET REPLACEMEI 502 - INFORMATION TECHNOLOGY 503 - PARK EQUIP & FACILITY FUND 504 - INSURANCE FUND 601 - SILVERROCK RESORT 602 - SILVERROCK GOLF RESERVE 760 - SUPPLEMENTAL PENSION PLA 761-CERBT OPEB TRUST 762 - PARS PENSION TRUST Report Total: ATTACHMENT 1 For Fiscal: 2022/23 Period Ending: 09/30/2022 Revenue Summary Variance Original Current Period Fiscal Favorable Percent Total Budget Total Budget Activity Activity (Unfavorable) Used 68,321,100 68,321,100 3,463,984 5,367,402 -62,953,698 7.86% 5,003,505 5,003,505 0 4,990,403 -13,102 99.74% 2,691,011 2,691,011 161,182 249,306 -2,441,705 9.26% 2,867,000 2,867,000 199 -5,026 -2,872,026 0.18% 2,000 2,000 0 -157 -2,157 7.83% 156,000 156,000 0 -1 -156,001 0.00% 101,000 101,000 0 -240 -101,240 0.24% 2,483,300 2,483,300 0 -433 -2,483,733 0.02% 25,000 25,000 0 0 -25,000 0.00% 64,000 64,000 3,564 6,230 -57,770 9.73% 1,875,000 1,875,000 155,271 152,595 -1,722,405 8.14% 0 0 0 -12 -12 0.00% 12,100 12,100 0 0 -12,100 0.00% 5,000 5,000 4,896 4,896 -104 97.92% 20,200 20,200 1,678 4,447 -15,753 22.02% 0 0 4,581 4,581 4,581 0.00% 54,400 54,400 0 -28 -54,428 0.05% 0 0 0 -116 -116 0.00% 1,451,500 1,451,500 202,004 409,895 -1,041,605 28.24% 20,000 20,000 0 -2,155 -22,155 10.77% 15,000 15,000 5,792 3,798 -11,202 25.32% 25,000 25,000 6,867 6,323 -18,677 25.29% 1,020,000 1,020,000 56,126 322,633 -697,367 31.63% 501,000 501,000 29,484 163,837 -337,163 32.70% 301,000 301,000 17,220 96,296 -204,704 31.99% 75,000 75,000 5,558 30,966 -44,034 41.29% 152,000 152,000 13,384 74,163 -77,837 48.79% 10,000 10,000 0 -48 -10,048 0.48% 0 0 0 -4 -4 0.00% 101,000 101,000 5,166 28,819 -72,181 28.53% 75,500 75,500 4,382 25,026 -50,474 33.15% 153,000 153,000 4,633 13,749 -139,251 8.99% 2,200 2,200 0 -32 -2,232 1.45% 0 0 306,889 723,043 723,043 0.00% 1,100 1,100 0 0 -1,100 0.00% 13,136,811 13,136,811 0 0 -13,136,811 0.00% 1,000 1,000 0 -4 -1,004 0.38% 1,685,000 1,685,000 416,000 413,776 -1,271,224 24.56% 2,256,708 2,256,708 558,887 561,864 -1,694,844 24.90% 470,000 470,000 112,500 110,115 -359,885 23.43% 1,020,400 1,020,400 255,000 254,727 -765,673 24.96% 4,865,453 4,865,453 142,483 351,810 -4,513,643 7.23% 79,000 79,000 0 -344 -79,344 0.44% 5,500 5,500 0 -54 -5,554 0.98% 10,000 10,000 -131,500 -131,500 -141,500 1,315.00% 100,000 100,000 -529,400 -450,386 -550,386 450.39% 111,213,788 111,213,788 5,276,829 13,780,162 -97,433,626 12.39% 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. Page 1 of 3 For Fiscal: 2022/23 Period Ending: 09/30/2022 Expenditure Summary Variance Original Current Period Fiscal Favorable Percent Fund Total Budget Total Budget Activity Activity (Unfavorable) Used 101 - GENERAL FUND 64,651,274 64,651,274 4,092,168 7,198,064 57,453,210 11.13% 201 - GAS TAX FUND 2,687,351 2,687,351 233,077 318,228 2,369,123 11.84% 202 - LIBRARY & MUSEUM FUND 1,909,146 1,909,146 72,866 117,845 1,791,301 6.17% 210 - FEDERAL ASSISTANCE FUND 152,600 152,600 0 0 152,600 0.00% 212 - SLESA (COPS) FUND 100,000 100,000 4,999 4,999 95,001 5.00% 215 - LIGHTING & LANDSCAPING FU 2,465,376 2,465,376 253,310 418,887 2,046,489 16.99% 221 - AB 939 - CALRECYCLE FUND 150,000 150,000 23,735 46,032 103,968 30.69% 223 - MEASURE A FUND 3,882,000 3,882,000 0 33,703 3,848,297 0.87% 226 - EMERGENCY MANAGEMENT F 12,000 12,000 0 9,750 2,250 81.25% 227 -STATE HOMELAND SECURITY 1 5,000 5,000 4,312 4,312 688 86.25% 230 - CASp FUND, AB 1379 5,500 5,500 0 0 5,500 0.00% 231 - SUCCESSOR AGCY PA 1 RORF 0 0 14,973,153 14,973,153 -14,973,153 0.00% 235 - SO COAST AIR QUALITY FUND 46,500 46,500 605 1,371 45,129 2.95% 237 - SUCCESSOR AGCY PA 1 ADMII` 0 0 0 1,600 -1,600 0.00% 241 - HOUSING AUTHORITY 1,712,670 1,712,670 170,798 359,648 1,353,022 21.00% 243 - RDA LOW -MOD HOUSING FUG 250,000 250,000 5,000 255,000 -5,000 102.00% 244 - HOUSING GRANTS (Multiple) 0 0 0 96,157 -96,157 0.00% 247 - ECONOMIC DEVELOPMENT FL 21,500 21,500 0 0 21,500 0.00% 249 - SA 2011 LOW/MOD BOND FUI 20,000 20,000 1,605 1,605 18,395 8.03% 250-TRANSPORTATION DIF FUND 500,000 500,000 400,000 400,000 100,000 80.00% 251 - PARKS & REC DIF FUND 500,000 500,000 0 0 500,000 0.00% 252 - CIVIC CENTER DIF FUND 250,000 250,000 0 0 250,000 0.00% 253 - LIBRARY DEVELOPMENT DIF 15,000 15,000 0 0 15,000 0.00% 270 - ART IN PUBLIC PLACES FUND 177,000 177,000 500 13,166 163,834 7.44% 310 - LQ FINANCE AUTHORITY DEBT 1,100 1,100 0 0 1,100 0.00% 401 - CAPITAL IMPROVEMENT PRO( 13,136,811 13,136,811 1,109,981 1,773,529 11,363,282 13.50% 501 - FACILITY & FLEET REPLACEMEI 1,608,750 1,608,750 132,960 395,758 1,212,992 24.60% 502 - INFORMATION TECHNOLOGY 2,258,054 2,258,054 81,991 558,814 1,699,240 24.75% 503 - PARK EQUIP & FACILITY FUND 545,000 545,000 78,926 79,201 465,799 14.53% 504 - INSURANCE FUND 984,100 984,100 571 891,183 92,917 90.56% 601 - SILVERROCK RESORT 4,782,135 4,782,135 365,204 904,641 3,877,494 18.92% 760 - SUPPLEMENTAL PENSION PLA 12,850 12,850 0 12,833 17 99.87% 761 - CERBT OPEB TRUST 1,500 1,500 390 390 1,110 25.98% 762 - PARS PENSION TRUST 55,000 55,000 4,542 13,715 41,285 24.94% Report Total: 102,898,217 102,898,217 22,010,693 28,883,586 74,014,631 28.07% 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. Page 2 of 3 Fund Descriptions Fund # Name Notes The primary fund o the City used to account or all revenue and expenditures of the City; a broad 101 General Fund 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 Safetv (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 recvclina 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 Countv. 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. Assemblv Bill (AB) 1379 and Senate Bill (SB) 1186. Successor Agency (SA) Project Area (PA) 1 Redevelopment Obligation Retirement Fund (RORF) for 231 Successor Agency PA 1 RORF Fund Redevelopment Property Tax Trust Fund (RPTTF) taxes received for debt service payments on recognized obligations of the former Redevelopment Aaencv (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. Assemblv 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 Aqencv (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 /o for Housinq) 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 dutv. 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 fullv 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) I For all pension -related benefits and unfunded liabilities. Page 3 of 3 �I8101M; ►1111tiL1I;WI97_1:aa1;Iu■ WKAI City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: December 14, 2022 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE FIRST QUARTER FISCAL YEAR 2022/23 TREASURY REPORTS FOR JULY, AUGUST, SEPTEMBER 2022 RECOMMENDATION Receive and file the first quarter fiscal year 2022/23 Treasury Reports for July, August, September 2022. BACKGROUND/ANALYSIS Commentary and Summary of Significant Activity The total book value of the portfolio decreased $16.5 million, from $222.5 million at the end of June to $206.0 million at the end of September. An decrease of $15.0 million was due to the payment of Successor Agency debt service obligations that are paid in August. The remainder of the decrease 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. Portfolio Allocations Max Investment Type July August September Allowed Bank Accounts 2.93% 5.34% 2.35% 100% Local Agency Investment Fund (LAIF) City 14.50% 12.87% 13.95% (1) Local Agency Investment Fund (LAIF) Housing 0.89% 0.90% 0.98% (1)(2) Money Market Pool Accounts -CAMP 14.58% 8.05% 8.74% 20% Federal Agency Coupons 17.51% 17.70% 19.190/0 1000/0 Treasury Coupons 28.88% 27.85% 32.32% 1000/0 Certificates of Deposit (CD's) 14.44% 14.38% 16.07% 30% Corporate Notes 0.82% 0.83% 0.90% 30% Money Market with Fiscal Agent 0.00% 6.71% 0.00% (2) CERBT- OPEB Trust 0.79% 0.80% 0.81% (3) PARS Pension Trust 4.65% 4.57% 4.70% (3) Total 1000/0 1000/0 1000/0 (1) LAIF is subject to maximum dollar amount not a percentage of the portfolio (z) Funds held by fiscal agent and the LAIF Housing funds are governed by bond indentures and not subject to City Investment Policy (3) OPEB and pension trusts are fiduciary accounts and not subject to City Investment Policy The fiscal year annual effective rate of return is 1.30% as of September, which reflects a 51 basis point (bps) increase since June. City staff is evaluating liquidity needs and reinvesting money in short-term United States treasuries and the California Asset Management Program (CAMP) which are yielding more than the Local Agency Investment Fund (LAIF). Average Effective Total Days to Rate of Earnings Maturity Return YTD July $ 216,625 439 1.14% August $ 242,859 444 1.22% September $ 264,985 496 1.30% Quarter 1 $ 724,469 460 1.22% Throughout the quarter, two agency bonds, five treasuries and four CDs matured; two agency bonds, seven treasuries, and seven CDs were purchased. There were no sales or calls. 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/City Treasurer Attachment: 1. Treasurer's Report for July 1, 2022 to September 30, 2022 ATTACHMENT 1 City of La Quinta t(V City of La Quinta Portfolio Management -- GEM of the DESERT — Portfolio Summary July 31, 2022 Par Market Book % of Days to YTM Investments Value Value Value Portfolio Term Maturity 365 Equiv. Bank Accounts 6,622,737.73 6,622,737.73 6,622,737.73 2.93 1 1 0.000 Local Agency Investment Fund -City 32,728,722.48 32,308,807.14 32,728,722.48 14.50 1 1 1.090 Local Agency Invstmnt Fund -Housing 2,018,767.39 1,992,886.54 2,018,767.39 0.89 1 1 1.090 Money Market Accounts - CAMP 32,915,647.76 32,915,647.76 32,915,647.76 14.58 1 1 1.640 Federal Agency Coupon Securities 39,750,000.00 37,730,680.50 39,534,153.90 17.51 1,574 1,057 1.206 Treasury Coupon Securities 65,750,000.00 64,443,135.00 65,213,358.27 28.88 619 470 1.616 Certificate of Deposits 32,594,000.00 31,687,117.92 32,593,377.50 14.44 1,656 784 1.917 Corporate Notes 1,900,000.00 1,855,233.00 1,857,560.00 0.82 1,578 510 2.287 Money Market with Fiscal Agent 26.01 26.01 26.01 0.00 1 1 0.000 CERBT- OPEBTrust 1,792,152.96 1,792,152.96 1,792,152.96 0.79 1 1 0.000 PARS Pension Trust 10,510,266.30 10,510,266.30 10,510,266.30 4.65 1 1 0.000 226,582,320.63 221,858,690.86 225,786,770.30 100.00% 707 439 1.380 Investments Total Earnings July 31 Month Ending Fiscal Year To Date Current Year 216,624.61 216,624.61 Average Daily Balance 223,372,590.83 223,372,590.83 Effective Rate of Return 1.14% 1.14% 1 certify that this report accurately reflects all pooled investments and is in compliance with the California Government Code and the City Investment Policy. As Treasurer of the City of La Quinta, I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months. The City of La Quinta used the monthly account statements issued our in ial institutions to determine the fair market value of investments at month end. 12/8/22 Claudia Martinez, Finance irector/City Treasurer Reporting period 07/01/2022-07/31/2022 Run Date: 12/07/2022 - 15:29 Portfolio CITY CID PM (PRF_PM1) 7.3.0 Report Ver. 7.3.6.1 City of La Quinta Portfolio Management Portfolio Details - Investments July 31, 2022 Page 1 Average Purchase Stated Days to YTM Maturity CUSIP Investment # Issuer Balance Date Par Value Market Value Book Value Rate Term Maturity 365 Date Bank Accounts SYS1293 1293 Bank of New York 09/01/2020 2,337,762.00 2,337,762.00 2,337,762.00 1 1 0.000 059731851 1228 Bank of the West 08/20/2019 3,264,587.10 3,264,587.10 3,264,587.10 1 1 0.000 SYS1059 1059 City Petty Cash 07/01/2016 3,300.00 3,300.00 3,300.00 1 1 0.000 SYS1318 1318 Dune Palms Mobile Estates 03/09/2021 613,712.88* 613,712.88 613,712.88 1 1 0.000 SYS1062 1062 La Quinta Palms Realty 07/01/2016 403,375.75 403,375.75 403,375.75 1 1 0.000 *DPME ending balance for June $597,351.67Subtotal and Average 9,168,022.74 6,622,737.73 6,622,737.73 6,622,737.73 1 1 0.000 Local Agency Investment Fund -City 98-33434 1055 Local Agency Inv Fund 32,728,722.48 32,308,807.14 32,728,722.48 1.090 1 1 1.090 Subtotal and Average 32,677,739.71 32,728,722.48 32,308,807.14 32,728,722.48 1 1 1.090 Local Agency Invstmnt Fund -Housing 25-33-005 1113 Local Agency Inv Fund Subtotal and Average 2,014,910.88 Money Market Accounts - CAMP SYS1153 1153 California Asset Management Pr Subtotal and Average 28,522,163.19 Federal Agency Coupon Securities 3135GOW33 1233 3133EGWJO 1247 3133EKQP4 1198 3133ENBT6 1348 3133EMX64 1340 3133EKZK5 1223 3133EJYL7 1158 3133EK4X1 1234 3130AFW94 1177 3133ELNEO 1246 3133ENYH7 1401 3135GOV75 1206 3133EKWV4 1212 3133EKP75 1224 3133ELEA8 1242 Run Date: 12/07/2022 - 15:29 2,018,767.39 2,018,767.39 09/26/2018 32,915,647.76 32,915,647.76 1,992,886.54 1,992,886.54 32,915,647.76 32,915,647.76 2.018.767.39 1.090 2,018,767.39 32,915,647.76 1.640 32,915,647.76 1 1 1.090 1 1 1.090 1 1 1.640 1 1 1.640 Federal National Mtg Assn 10/29/2019 1,000,000.00 999,180.00 992,100.00 1.375 1,043 36 1.659 09/06/2022 Federal Farm Credit Bank 02/05/2020 1,000,000.00 998,620.00 999,217.36 1.400 967 59 1.430 09/29/2022 Federal Farm Credit Bank 06/20/2019 500,000.00 498,700.00 499,500.00 1.875 1,271 133 1.905 12/12/2022 Federal Farm Credit Bank 12/07/2021 1,000,000.00 987,250.00 998,530.00 0.180 414 177 0.310 01/25/2023 Federal Farm Credit Bank 10/22/2021 500,000.00 489,950.00 499,002.04 0.170 553 270 0.302 04/28/2023 Federal Farm Credit Bank 09/12/2019 500,000.00 493,280.00 499,400.00 1.600 1,432 378 1.632 08/14/2023 Federal Farm Credit Bank 10/15/2018 250,000.00 249,542.50 247,275.00 2.800 1,786 400 3.041 09/05/2023 Federal Farm Credit Bank 11/01/2019 1,000,000.00 982,740.00 996,900.00 1.600 1,461 457 1.680 11/01/2023 Federal Home Loan Bank 03/01/2019 500,000.00 496,935.00 498,550.00 2.500 1,810 561 2.563 02/13/2024 Federal Farm Credit Bank 02/14/2020 1,000,000.00 979,050.00 999,000.00 1.430 1,461 562 1.456 02/14/2024 Federal Farm Credit Bank 06/10/2022 500,000.00 497,340.00 499,080.00 2.625 731 679 2.720 06/10/2024 Federal National Mtg Assn 07/15/2019 500,000.00 489,970.00 495,950.00 1.750 1,814 701 1.922 07/02/2024 Federal Farm Credit Bank 08/02/2019 500,000.00 489,330.00 499,500.00 1.850 1,820 725 1.871 07/26/2024 Federal Farm Credit Bank 09/17/2019 500,000.00 487,280.00 498,750.00 1.600 1,827 778 1.652 09/17/2024 Federal Farm Credit Bank 12/17/2019 1,000,000.00 976,560.00 998,600.00 1.700 1,736 778 1.731 09/17/2024 Portfolio CITY CP PM (PRF_PM2) 7.3.0 Report Ver. 7.3.6.1 City of La Quinta Portfolio Management Portfolio Details - Investments July 31, 2022 Page 2 CUSIP Investment # Average Issuer Balance Purchase Date Par Value Market Value Book Value Stated Rate Term Days to Maturity YTM 365 Maturity Date Federal Agency Coupon Securities 3135G06E8 1291 Federal National Mtg Assn 11/18/2020 500,000.00 470,790.00 499,250.00 0.420 1,461 840 0.458 11/18/2024 3133ENGN4 1355 Federal Farm Credit Bank 12/09/2021 1,000,000.00 953,400.00 1,000,000.00 0.970 1,096 861 0.970 12/09/2024 3135GAAW1 1300 Federal National Mtg Assn 12/30/2020 500,000.00 469,220.00 500,000.00 0.400 1,461 882 0.400 12/30/2024 3130AP21.18 1353 Federal Home Loan Bank 12/07/2021 1,000,000.00 939,310.00 987,100.00 0.550 1,127 890 0.976 01/07/2025 3130AQWY5 1374 Federal Home Loan Bank 02/25/2022 1,000,000.00 963,230.00 1,000,000.00 1.700 1,095 938 1.700 02/24/2025 3135G031.15 1365 Federal National Mtg Assn 01/28/2022 500,000.00 470,380.00 487,790.00 0.625 1,180 995 1.400 04/22/2025 3134GVYG7 1279 Federal Home Loan Mtg Corp 05/27/2020 1,000,000.00 935,370.00 1,000,000.00 0.625 1,826 1,030 0.625 05/27/2025 3133ELH23 1280 Federal Farm Credit Bank 06/09/2020 500,000.00 467,790.00 499,850.00 0.500 1,826 1,043 0.506 06/09/2025 3133ELH80 1282 Federal Farm Credit Bank 06/10/2020 500,000.00 465,800.00 500,000.00 0.680 1,826 1,044 0.680 06/10/2025 3130AJKW8 1281 Federal Home Loan Bank 06/03/2020 500,000.00 468,025.00 499,850.00 0.500 1,836 1,047 0.506 06/13/2025 3130AJRP6 1283 Federal Home Loan Bank 06/30/2020 300,000.00 281,589.00 300,000.00 0.680 1,826 1,064 0.680 06/30/2025 3137EAEU9 1297 Federal Home Loan Mtg Corp 12/07/2020 1,000,000.00 929,190.00 997,300.00 0.375 1,687 1,085 0.434 07/21/2025 3137EAEU9 1361 Federal Home Loan Mtg Corp 01/05/2022 500,000.00 464,595.00 487,090.00 0.375 1,293 1,085 1.120 07/21/2025 3135G05S8 1288 Federal National Mtg Assn 08/14/2020 500,000.00 463,400.00 500,000.00 0.500 1,826 1,109 0.500 08/14/2025 3136G4M75 1290 Federal National Mtg Assn 08/28/2020 500,000.00 463,650.00 499,750.00 0.520 1,816 1,113 0.530 08/18/2025 3136G4N74 1289 Federal National Mtg Assn 08/21/2020 1,000,000.00 928,100.00 1,000,000.00 0.560 1,826 1,116 0.560 08/21/2025 3137EAEX3 1307 Federal Home Loan Mtg Corp 02/23/2021 500,000.00 462,845.00 495,999.50 0.375 1,673 1,149 0.552 09/23/2025 3137EAEX3 1310 Federal Home Loan Mtg Corp 03/30/2021 1,000,000.00 925,690.00 983,940.00 0.375 1,638 1,149 0.740 09/23/2025 3130ARGJ4 1385 Federal Home Loan Bank 04/14/2022 500,000.00 494,195.00 500,000.00 2.500 1,279 1,170 2.500 10/14/2025 3134GW5R3 1362 Federal Home Loan Mtg Corp 01/05/2022 400,000.00 370,272.00 391,360.00 0.650 1,391 1,183 1.232 10/27/2025 3135G06G3 1354 Federal National Mtg Assn 12/07/2021 1,000,000.00 926,490.00 976,300.00 0.500 1,431 1,194 1.120 11/07/2025 3135GA2Z3 1292 Federal National Mtg Assn 11/17/2020 500,000.00 464,090.00 499,250.00 0.560 1,826 1,204 0.590 11/17/2025 3130AKFA9 1298 Federal Home Loan Bank 12/07/2020 500,000.00 460,555.00 497,400.00 0.375 1,831 1,229 0.480 12/12/2025 3135GA7D7 1299 Federal National Mtg Assn 12/23/2020 500,000.00 463,820.00 500,000.00 0.600 1,826 1,240 0.600 12/23/2025 3134GXGZ1 1301 Federal Home Loan Mtg Corp 12/30/2020 500,000.00 462,140.00 500,000.00 0.550 1,826 1,247 0.550 12/30/2025 3130AKMZ6 1302 Federal Home Loan Bank 01/14/2021 500,000.00 456,995.00 500,000.00 0.510 1,826 1,262 0.510 01/14/2026 313OAKN28 1304 Federal Home Loan Bank 01/29/2021 500,000.00 457,220.00 500,000.00 0.550 1,826 1,277 0.550 01/29/2026 3130ALV92 1312 Federal Home Loan Bank 03/30/2021 500,000.00 469,020.00 500,000.00 1.050 1,826 1,337 0.938 03/30/2026 3130AMFS6 1324 Federal Home Loan Bank 06/17/2021 1,000,000.00 924,100.00 993,420.00 0.750 1,821 1,411 0.885 06/12/2026 3133EM2C5 1330 Federal Farm Credit Bank 08/10/2021 500,000.00 461,890.00 498,000.00 0.710 1,826 1,470 0.792 08/10/2026 3133EM4X7 1338 Federal Farm Credit Bank 09/28/2021 1,000,000.00 922,910.00 991,080.00 0.800 1,808 1,501 0.985 09/10/2026 3130APBM6 1337 Federal Home Loan Bank 09/30/2021 1,000,000.00 933,700.00 999,000.00 1.000 1,826 1,521 1.021 09/30/2026 3130APB46 1339 Federal Home Loan Bank 10/13/2021 1,000,000.00 930,440.00 998,250.00 0.950 1,826 1,534 0.986 10/13/2026 3134GW6C5 1359 Federal Home Loan Mtg Corp 01/05/2022 500,000.00 456,795.00 486,000.00 0.800 1,757 1,549 1.403 10/28/2026 3133ENCQ1 1344 Federal Farm Credit Bank 11/02/2021 1,000,000.00 926,870.00 1,000,000.00 1.270 1,826 1,554 1.270 11/02/2026 3130APTV7 1347 Federal Home Loan Bank 11/24/2021 500,000.00 477,085.00 499,500.00 0.700 1,826 1,576 1.489 11/24/2026 Portfolio CITY CP Run Date: 12/07/2022 - 15:29 PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Portfolio Details - Investments July 31, 2022 Page 3 CUSIP Investment # Average Issuer Balance Purchase Date Par Value Market Value Book Value Stated Rate Days to Term Maturity YTM Maturity 365 Date Federal Agency Coupon Securities 313OAQF65 1358 Federal Home Loan Bank 12/22/2021 1,000,000.00 935,400.00 999,750.00 1.250 1,825 1,603 1.255 12/21/2026 3134GWUQ7 1366 Federal Home Loan Mtg Corp 02/10/2022 1,000,000.00 914,740.00 945,570.00 0.700 1,784 1,612 1.870 12/30/2026 3130AQJR5 1364 Federal Home Loan Bank 01/27/2022 1,000,000.00 949,700.00 1,000,000.00 1.500 1,826 1,640 1.500 01/27/2027 3130AQSA2 1367 Federal Home Loan Bank 02/10/2022 1,000,000.00 948,420.00 1,000,000.00 1.830 1,826 1,654 1.830 02/10/2027 3130ARGY1 1387 Federal Home Loan Bank 04/19/2022 1,000,000.00 984,790.00 1,000,000.00 2.700 1,826 1,722 2.700 04/19/2027 3130ASDV8 1409 Federal Home Loan Bank 06/28/2022 300,000.00 300,942.00 300,000.00 3.300 1,826 1,792 3.300 06/28/2027 Subtotal and Average 39,534,153.90 39,750,000.00 37,730,680.50 39,534,153.90 1,574 1,057 1.206 Treasury Coupon Securities 91282CAG6 1405 U.S. Treasury 06/13/2022 5,000,000.00 4,991,400.00 4,988,450.00 0.125 79 30 1.203 08/31/2022 9128282W9 1178 U.S. Treasury 03/01/2019 500,000.00 499,710.00 489,687.50 1.875 1,309 60 2.480 09/30/2022 91282CAN1 1395 U.S. Treasury 06/06/2022 4,000,000.00 3,986,320.00 3,985,625.00 0.125 116 60 1.263 09/30/2022 91282CAN1 1404 U.S. Treasury 06/13/2022 2,000,000.00 1,993,160.00 1,992,780.00 0.125 109 60 1.342 09/30/2022 91282CAN1 1411 U.S. Treasury 06/29/2022 2,000,000.00 1,993,160.00 1,991,942.00 0.125 93 60 1.717 09/30/2022 91282CAR2 1393 U.S. Treasury 06/06/2022 4,000,000.00 3,977,800.00 3,979,880.00 0.125 147 91 1.391 10/31/2022 91282CAR2 1406 U.S. Treasury 06/13/2022 2,000,000.00 1,988,900.00 1,989,440.00 0.125 140 91 1.521 10/31/2022 9128283C2 1410 U.S. Treasury 06/29/2022 2,000,000.00 1,998,060.00 1,999,940.00 2.000 124 91 2.002 10/31/2022 9128283C2 1414 U.S. Treasury 06/30/2022 1,000,000.00 999,030.00 999,977.00 2.000 123 91 2.000 10/31/2022 91282CAX9 1403 U.S. Treasury 06/13/2022 4,000,000.00 3,965,920.00 3,972,031.25 0.125 170 121 1.642 11/30/2022 912828M80 1408 U.S. Treasury 06/28/2022 3,000,000.00 2,993,190.00 2,996,670.00 2.000 155 121 2.261 11/30/2022 912828M80 1413 U.S. Treasury 06/30/2022 2,000,000.00 1,995,460.00 1,997,980.00 2.000 153 121 2.240 11/30/2022 91282CBD2 1394 U.S. Treasury 06/06/2022 2,000,000.00 1,977,900.00 1,982,265.63 0.125 208 152 1.705 12/31/2022 91282CBD2 1402 U.S. Treasury 06/13/2022 3,000,000.00 2,966,850.00 2,972,578.13 0.125 201 152 1.812 12/31/2022 912828N30 1407 U.S. Treasury 06/28/2022 2,000,000.00 1,994,220.00 1,996,240.00 2.125 186 152 2.501 12/31/2022 912828N30 1412 U.S. Treasury 06/30/2022 2,000,000.00 1,994,220.00 1,996,680.00 2.125 184 152 2.461 12/31/2022 91282CBU4 1349 U.S. Treasury 12/07/2021 1,000,000.00 981,450.00 996,718.75 0.125 479 242 0.376 03/31/2023 91282CCD1 1350 U.S. Treasury 12/07/2021 1,000,000.00 976,840.00 995,468.75 0.125 540 303 0.432 05/31/2023 91282CCN9 1341 U.S. Treasury 10/22/2021 500,000.00 486,170.00 497,792.97 0.125 647 364 0.375 07/31/2023 912828T26 1217 U.S. Treasury 08/21/2019 500,000.00 490,900.00 499,300.00 1.375 1,501 425 1.410 09/30/2023 91282CBA8 1351 U.S. Treasury 12/07/2021 1,000,000.00 962,070.00 990,000.00 0.125 738 501 0.623 12/15/2023 91282CBEO 1342 U.S. Treasury 10/22/2021 1,000,000.00 959,730.00 991,000.00 0.125 815 532 0.531 01/15/2024 91282CBR1 1352 U.S. Treasury 12/07/2021 1,000,000.00 957,380.00 989,800.00 0.250 829 592 0.704 03/15/2024 91282CBV2 1360 U.S. Treasury 01/05/2022 500,000.00 478,710.00 494,882.81 0.375 831 623 0.830 04/15/2024 912828XT2 1418 U.S. Treasury 05/04/2022 1,000,000.00 983,710.00 985,240.00 2.000 758 669 2.736 05/31/2024 9128282U3 1400 U.S. Treasury 06/09/2022 500,000.00 489,590.00 490,850.00 1.875 814 761 2.727 08/31/2024 Portfolio CITY CID Run Date: 12/07/2022 - 15:29 PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Portfolio Details - Investments July 31, 2022 Page 4 CUSIP Average Investment # Issuer Balance Purchase Date Par Value Market Value Book Value Stated Rate Days to Term Maturity YTM Maturity 365 Date Treasury Coupon Securities 91282CDB4 1343 U.S. Treasury 10/22/2021 1,000,000.00 952,070.00 996,320.00 0.625 1,089 806 0.750 10/15/2024 9128283DO 1390 U.S. Treasury 05/03/2022 1,000,000.00 986,450.00 985,190.00 2.250 912 822 2.870 10/31/2024 912828YV6 1241 U.S. Treasury 12/16/2019 1,000,000.00 969,020.00 989,687.50 1.500 1,811 852 1.718 11/30/2024 91282CAT8 1311 U.S. Treasury 03/30/2021 1,000,000.00 920,700.00 977,500.00 0.250 1,676 1,187 0.750 10/31/2025 91282CAZ4 1315 U.S. Treasury 04/22/2021 500,000.00 461,465.00 492,187.50 0.375 1,683 1,217 0.720 11/30/2025 91282CBC4 1303 U.S. Treasury 01/07/2021 500,000.00 460,490.00 498,632.81 0.375 1,819 1,248 0.431 12/31/2025 91282CBH3 1309 U.S. Treasury 02/23/2021 500,000.00 459,765.00 495,100.00 0.375 1,803 1,279 0.577 01/31/2026 91282CBQ3 1319 U.S. Treasury 05/28/2021 500,000.00 461,170.00 494,165.00 0.500 1,737 1,307 0.750 02/28/2026 91282CBQ3 1382 U.S. Treasury 03/23/2022 750,000.00 691,755.00 698,025.00 0.500 1,438 1,307 2.353 02/28/2026 91282CBT7 1320 U.S. Treasury 05/28/2021 500,000.00 464,570.00 499,525.00 0.750 1,768 1,338 0.770 03/31/2026 91282CBT7 1322 U.S. Treasury 06/17/2021 500,000.00 464,570.00 498,450.00 0.750 1,748 1,338 0.816 03/31/2026 9128286S4 1383 U.S. Treasury 03/23/2022 1,000,000.00 986,020.00 999,010.00 2.375 1,499 1,368 2.400 04/30/2026 91282CCF6 1321 U.S. Treasury 06/01/2021 1,000,000.00 926,520.00 997,060.00 0.750 1,825 1,399 0.810 05/31/2026 91282CCF6 1323 U.S. Treasury 06/17/2021 500,000.00 463,260.00 497,095.00 0.750 1,809 1,399 0.870 05/31/2026 91282CCP4 1335 U.S. Treasury 09/29/2021 1,000,000.00 919,450.00 983,750.00 0.625 1,766 1,460 0.970 07/31/2026 91282CCW9 1336 U.S. Treasury 09/29/2021 1,000,000.00 923,090.00 988,500.00 0.750 1,797 1,491 0.990 08/31/2026 91282CCW9 1380 U.S. Treasury 03/22/2022 500,000.00 461,545.00 466,454.17 0.750 1,623 1,491 2.350 08/31/2026 91282CDG3 1381 U.S. Treasury 03/22/2022 500,000.00 467,615.00 473,396.82 1.125 1,684 1,552 2.350 10/31/2026 912828Z78 1369 U.S. Treasury 02/10/2022 1,000,000.00 948,360.00 986,700.00 1.500 1,816 1,644 1.781 01/31/2027 91282CEF4 1391 U.S. Treasury 05/03/2022 1,000,000.00 990,590.00 976,860.00 2.500 1,793 1,703 3.010 03/31/2027 91282CEN7 1398 U.S. Treasury 06/08/2022 500,000.00 500,740.00 495,000.00 2.750 1,787 1,733 2.971 04/30/2027 912828X88 1397 U.S. Treasury 06/07/2022 1,000,000.00 983,750.00 969,687.50 2.375 1,803 1,748 3.041 05/15/2027 91282CET4 1399 U.S. Treasury 06/08/2022 500,000.00 498,320.00 491,842.18 2.625 1,818 1,764 2.980 05/31/2027 Subtotal and Average 65,213,358.27 65,750,000.00 64,443,135.00 65,213,358.27 619 470 1.616 Certificate of Deposits 89269CBX9 1148 Traditions Bank 06/08/2018 245,000.00 245,045.29 245,000.00 3.000 1,522 7 3.002 08/08/2022 12556LBA3 1219 CIT Bank NA 08/23/2019 245,000.00 244,923.70 245,000.00 1.900 1,096 22 1.902 08/23/2022 02587CFU9 1096 American Express Fed Savings B 08/29/2017 240,000.00 240,009.60 240,000.00 2.400 1,826 28 2.402 08/29/2022 85916VDC6 1201 Sterling Bank 06/28/2019 245,000.00 244,957.68 245,000.00 2.150 1,158 28 2.153 08/29/2022 01859BAA3 1095 Alliance Credit Union 10/13/2017 245,000.00 244,847.24 245,000.00 2.250 1,826 73 2.251 10/13/2022 06740KLJ4 1097 Barclays Bank 10/25/2017 240,000.00 239,856.94 240,000.00 2.300 1,826 85 2.291 10/25/2022 62384RACO 1099 Mountain America Federal CU 11/08/2017 245,000.00 244,702.73 245,000.00 2.300 1,826 99 2.301 11/08/2022 22766ACB9 1106 CrossFirst Bank 11/20/2017 245,000.00 244,597.92 245,000.00 2.200 1,824 109 2.201 11/18/2022 29367QCP1 1107 Enterprise Bank, NA 11/28/2017 245,000.00 244,521.18 245,000.00 2.150 1,826 119 2.151 11/28/2022 Portfolio CITY CID Run Date: 12/07/2022 - 15:29 PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Portfolio Details - Investments July 31, 2022 Page 5 CUSIP Investment # Average Issuer Balance Purchase Date Par Value Market Value Book Value Stated Rate Days to Term Maturity YTM Maturity 365 Date Certificate of Deposits 58404DCX7 1169 Medallion Bank 12/07/2018 248,000.00 248,412.05 248,000.00 3.400 1,461 128 3.402 12/07/2022 75701LAB3 1166 Red Rocks Credit Union 12/07/2018 248,000.00 248,367.22 248,000.00 3.350 1,461 128 3.352 12/07/2022 499724AB8 1110 Knoxville TVA Credit Union 12/29/2017 245,000.00 244,235.61 245,000.00 2.400 1,826 150 2.401 12/29/2022 49228XAK6 1239 Kern FCU 12/30/2019 248,000.00 246,506.23 248,000.00 1.900 1,096 151 1.902 12/30/2022 79772FACO 1240 San Francisco FCU 12/30/2019 248,000.00 246,453.63 248,000.00 1.850 1,096 151 1.852 12/30/2022 949495AT2 1244 Wells Fargo Natl Bank West 01/29/2020 248,000.00 246,120.16 248,000.00 1.900 1,097 182 1.900 01/30/2023 81768PAF3 1254 Servisfirst Bank 02/21/2020 248,000.00 245,573.66 248,000.00 1.600 1,096 204 1.601 02/21/2023 92535LCD4 1180 Verus Bank of Commerce 02/28/2019 248,000.00 247,096.08 248,000.00 2.700 1,461 211 2.700 02/28/2023 034577AH9 1119 Aneca Federal Credit Union 03/22/2018 245,000.00 244,056.73 245,000.00 2.800 1,826 233 2.802 03/22/2023 66704MEQO 1263 Northstar Bank 03/31/2020 248,000.00 244,036.70 248,000.00 1.150 1,095 242 1.150 03/31/2023 954444BS3 1265 West Michigan Cmnty Bk 03/31/2020 248,000.00 244,036.70 248,000.00 1.150 1,095 242 1.150 03/31/2023 17312QJ26 1123 Citibank NA 04/11/2018 245,000.00 244,027.89 245,000.00 2.900 1,826 253 2.902 04/11/2023 20726ABA5 1189 Congressional Bank 04/30/2019 248,000.00 246,220.55 248,000.00 2.500 1,459 270 2.502 04/28/2023 29278TAY6 1125 EnerBank USA 04/30/2018 240,000.00 239,085.13 240,000.00 2.950 1,824 270 2.952 04/28/2023 32117BCX4 1179 First National Bank 03/05/2019 248,000.00 246,612.75 248,000.00 2.800 1,522 277 2.802 05/05/2023 725404AB3 1194 Pittsfield Cooperative Bank 06/07/2019 245,000.00 242,722.51 245,000.00 2.500 1,461 310 2.502 06/07/2023 619165JD6 1173 Morton Community 03/20/2019 248,000.00 246,148.42 248,000.00 2.750 1,553 323 2.753 06/20/2023 74934YAH4 1144 RCB Bank 06/20/2018 245,000.00 244,042.66 245,000.00 3.150 1,826 323 3.152 06/20/2023 02616AAH2 1285 American First CU 06/26/2020 248,000.00 240,724.06 248,000.00 0.350 1,095 329 0.350 06/26/2023 02772JBD1 1205 American National Bank 07/19/2019 248,000.00 244,046.93 248,000.00 2.000 1,461 352 2.001 07/19/2023 32110YLK9 1147 First National Bank of America 07/20/2018 245,000.00 243,816.29 245,000.00 3.150 1,826 353 3.152 07/20/2023 06426KAN8 1151 Bank of New England 07/31/2018 249,000.00 247,977.35 249,000.00 3.250 1,826 364 3.252 07/31/2023 75472RAD3 1218 Raymond James Bank 08/23/2019 244,000.00 239,481.52 244,000.00 1.950 1,461 387 1.951 08/23/2023 89579NCD3 1262 Triad Bank 03/30/2020 248,000.00 241,490.79 248,000.00 1.350 1,278 424 1.352 09/29/2023 57116ARV2 1155 Cache Valley BK F/K/A Marlin 10/17/2018 248,000.00 247,059.46 248,000.00 3.300 1,826 442 3.302 10/17/2023 625925AR3 1160 Municipal Trust and Savings 10/17/2018 245,000.00 243,775.11 245,000.00 3.200 1,826 442 3.202 10/17/2023 90348JEJ5 1161 UBS Bank USA 10/17/2018 245,000.00 244,218.70 245,000.00 3.350 1,826 442 3.352 10/17/2023 474067AQ8 1154 Jefferson Financial CU 10/19/2018 245,000.00 244,202.09 245,000.00 3.350 1,826 444 3.352 10/19/2023 20143PDV9 1162 Commercial Bank 11/15/2018 248,000.00 247,464.33 248,000.00 3.400 1,826 471 3.402 11/15/2023 67054NAN3 1164 Numerica Credit Union 11/28/2018 248,000.00 247,941.06 248,000.00 3.550 1,826 484 3.552 11/28/2023 48115LAD6 1396 Jovia Financial Credit Union 06/07/2022 248,000.00 244,599.17 248,000.00 2.500 548 493 2.502 12/07/2023 635573AL2 1170 National Cooperative Bank, N.A 12/21/2018 245,000.00 244,581.36 245,000.00 3.400 1,826 507 3.402 12/21/2023 066851 WJ1 1172 Bar Harbor Bank and Trust 12/31/2018 248,000.00 247,565.54 248,000.00 3.350 1,824 515 3.352 12/29/2023 89269FDP7 1415 Tradition Capital 07/20/2022 246,000.00 244,297.97 246,000.00 3.000 551 539 3.008 01/22/2024 51210SQU4 1208 Lakeside Bank 07/30/2019 248,000.00 242,745.47 248,000.00 2.000 1,644 546 2.003 01/29/2024 77579ADFO 1251 Rollstone B&T 02/12/2020 245,000.00 238,418.79 245,000.00 1.650 1,461 560 1.651 02/12/2024 Portfolio CITY CP Run Date: 12/07/2022 - 15:29 PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Portfolio Details - Investments July 31, 2022 Page 6 CUSIP Investment # Average Issuer Balance Purchase Date Par Value Market Value Book Value Stated Rate Term Days to Maturity YTM 365 Maturity Date Certificate of Deposits 66736ABP3 1181 Northwest Bank 02/13/2019 248,000.00 246,193.86 248,000.00 2.950 1,826 561 2.951 02/13/2024 949763XY7 1174 Wells Fargo 02/27/2019 248,000.00 246,344.07 248,000.00 3.000 1,826 575 3.001 02/27/2024 50625LAW3 1384 Lafayette FCU 03/30/2022 248,000.00 242,584.81 248,000.00 2.050 729 605 2.053 03/28/2024 882213AB7 1260 Texas Bank Financial 03/31/2020 245,000.00 235,887.47 245,000.00 1.100 1,458 605 1.101 03/28/2024 472382AQ3 1272 The Jefferson Bank 04/15/2020 248,000.00 239,275.92 248,000.00 1.250 1,461 623 1.251 04/15/2024 08016PDQ9 1270 Belmont Bank and Trust 04/16/2020 248,000.00 239,262.39 248,000.00 1.250 1,461 624 1.251 04/16/2024 69506YRH4 1269 Pacific Western Bank 04/16/2020 245,000.00 236,620.87 245,000.00 1.300 1,461 624 1.301 04/16/2024 56065GAG3 1188 Main Street Bank 04/26/2019 248,000.00 244,872.11 248,000.00 2.600 1,827 634 2.603 04/26/2024 33640VDD7 1231 First Service Bank 11/15/2019 248,000.00 241,039.11 248,000.00 1.700 1,643 653 1.701 05/15/2024 48128HXU7 1185 JP Morgan Chase 05/16/2019 245,000.00 244,828.73 245,000.00 3.250 1,827 654 3.254 05/16/2024 46256YAZ2 1186 Iowa State Bank 05/23/2019 245,000.00 241,119.76 245,000.00 2.400 1,827 661 2.403 05/23/2024 538036GVO 1238 Live Oak Bank 11/27/2019 248,000.00 241,352.12 248,000.00 1.800 1,644 666 1.802 05/28/2024 156634AK3 1184 Century Next Bank 05/29/2019 248,000.00 244,680.95 248,000.00 2.500 1,827 667 2.503 05/29/2024 72651LCL6 1195 Plains Commerce Bank 06/07/2019 245,000.00 241,910.72 245,000.00 2.550 1,827 676 2.553 06/07/2024 299547AQ2 1196 Evansville Teachers Credit FCU 06/12/2019 248,000.00 245,069.65 248,000.00 2.600 1,827 681 2.603 06/12/2024 524661CB9 1197 Legacy Bank 06/19/2019 248,000.00 244,118.85 248,000.00 2.400 1,827 688 2.403 06/19/2024 176688CP2 1199 Citizens State Bank 06/21/2019 248,000.00 244,108.01 248,000.00 2.400 1,827 690 2.403 06/21/2024 20416TAQ5 1202 Communitywide FCU 06/28/2019 248,000.00 243,370.12 248,000.00 2.250 1,827 697 2.253 06/28/2024 761402BY1 1203 Revere Bank 06/28/2019 247,000.00 242,642.15 247,000.00 2.300 1,827 697 2.303 06/28/2024 00257TBD7 1207 Abacus Federal Savings 07/26/2019 248,000.00 241,956.60 248,000.00 1.950 1,827 725 1.952 07/26/2024 33625CCP2 1209 First Security Bank of WA 07/30/2019 248,000.00 242,486.35 248,000.00 2.000 1,827 729 2.002 07/30/2024 710571DS6 1210 People's Bank 07/31/2019 248,000.00 242,479.02 248,000.00 2.000 1,827 730 2.002 07/31/2024 740367HP5 1213 Preferred Bank 08/16/2019 249,000.00 243,245.38 249,000.00 2.000 1,827 746 2.002 08/16/2024 33766LAJ7 1216 FirsTier Bank 08/23/2019 249,000.00 242,940.82 249,000.00 1.950 1,827 753 1.952 08/23/2024 93882861-12 1215 Washington Federal 08/23/2019 248,000.00 242,216.80 248,000.00 2.000 1,827 753 2.002 08/23/2024 336460CX6 1222 First State Bk DeQueen 08/30/2019 248,000.00 241,339.80 248,000.00 1.800 1,827 760 1.802 08/30/2024 334342CD2 1221 First Natl Bk of Syracuse 08/30/2019 249,000.00 242,567.98 249,000.00 1.850 1,827 760 1.852 08/30/2024 15118RRH2 1220 Celtic Bank 08/30/2019 248,000.00 241,593.81 248,000.00 1.850 1,827 760 1.852 08/30/2024 05580AD50 1333 BMW Bank 09/10/2021 245,000.00 232,456.10 245,000.00 0.650 1,096 771 0.651 09/10/2024 06652CHBO 1227 BankWest Inc 09/27/2019 248,000.00 240,479.23 248,000.00 1.700 1,827 788 1.702 09/27/2024 84223QAN7 1286 Southern Bancorp Bk 06/26/2020 248,000.00 233,795.90 248,000.00 0.500 1,582 816 0.500 10/25/2024 804375DL4 1235 Sauk Valley B&T Co 11/07/2019 248,000.00 240,309.51 248,000.00 1.700 1,827 829 1.702 11/07/2024 61690UNX4 1237 Morgan Stanley Bank 11/20/2019 245,000.00 238,701.41 245,000.00 1.950 1,827 842 1.952 11/20/2024 61760A3133 1236 Morgan Stanley Private Bk, NA 11/20/2019 245,000.00 238,426.27 245,000.00 1.900 1,827 842 1.902 11/20/2024 064520BG3 1287 Bank Princeton 06/30/2020 248,000.00 233,125.81 248,000.00 0.500 1,644 882 0.500 12/30/2024 89388CEYO 1328 Transportation Alliance Bk TAB 07/23/2021 248,000.00 232,025.02 248,000.00 0.400 1,280 906 0.401 01/23/2025 Portfolio CITY CP Run Date: 12/07/2022 - 15:29 PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Portfolio Details - Investments July 31, 2022 Page 7 CUSIP Investment # Average Issuer Balance Purchase Date Par Value Market Value Book Value Stated Rate Term Days to Maturity YTM 365 Maturity Date Certificate of Deposits 06417NZO9 1329 Bank OZK 07/29/2021 248,000.00 232,034.92 248,000.00 0.400 1,280 912 0.401 01/29/2025 90983WBT7 1249 United Community 02/07/2020 248,000.00 239,528.86 248,000.00 1.650 1,827 921 1.652 02/07/2025 32114VBT3 1250 First National Bank Michigan 02/14/2020 248,000.00 239,467.11 248,000.00 1.650 1,827 928 1.652 02/14/2025 35637RDC8 1248 Freedom Financial 02/14/2020 248,000.00 238,851.05 248,000.00 1.550 1,827 928 1.552 02/14/2025 029728BC5 1255 American State 02/21/2020 248,000.00 239,095.27 248,000.00 1.600 1,827 935 1.602 02/21/2025 17286TAGO 1252 Citadel FCU 02/27/2020 248,000.00 239,352.88 248,000.00 1.650 1,827 941 1.652 02/27/2025 00435JBH5 1256 Access Bank 03/13/2020 248,000.00 239,030.87 248,000.00 1.600 1,826 955 1.601 03/13/2025 849430BF9 1257 Spring Bank 03/20/2020 248,000.00 238,330.18 248,000.00 1.500 1,826 962 1.501 03/20/2025 05465DAE8 1258 Axos Bank 03/26/2020 248,000.00 239,235.07 248,000.00 1.650 1,826 968 1.651 03/26/2025 020080BX4 1267 Alma Bank 03/30/2020 248,000.00 237,610.54 248,000.00 1.400 1,824 970 1.399 03/28/2025 2027506M2 1268 Commonwealth Business Bk 03/31/2020 248,000.00 236,851.75 248,000.00 1.250 1,826 973 1.251 03/31/2025 654062JZ2 1266 Nicolet Natl Bank 03/31/2020 248,000.00 237,819.47 248,000.00 1.400 1,826 973 1.401 03/31/2025 14042TDD6 1271 Capital One USA FDIC33954 04/08/2020 245,000.00 236,072.55 245,000.00 1.600 1,826 981 1.601 04/08/2025 02007GPX5 1388 Ally Bank Midvale 04/21/2022 245,000.00 242,097.63 245,000.00 2.550 1,096 994 2.550 04/21/2025 52168UHY1 1389 Leader Bank 04/22/2022 245,000.00 242,094.83 245,000.00 2.550 1,096 995 2.552 04/22/2025 32112UDR9 1274 First Natl Bk McGregor 04/28/2020 248,000.00 237,084.92 248,000.00 1.350 1,826 1,001 1.351 04/28/2025 32027BALl 1273 First Freedom Bank 04/29/2020 249,000.00 237,154.79 249,000.00 1.200 1,826 1,002 1.201 04/29/2025 33847E3A3 1276 Flagstar 04/30/2020 248,000.00 236,704.06 248,000.00 1.250 1,826 1,003 1.251 04/30/2025 32056GDJ6 1278 1st Internet Bank 05/11/2020 248,000.00 234,712.29 248,000.00 1.000 1,827 1,015 0.985 05/12/2025 95960NKD8 1277 Western State Bank 05/13/2020 245,000.00 231,930.62 245,000.00 1.000 1,826 1,016 1.001 05/13/2025 254673E69 1392 Discover Bank Greenwood DE CF 05/24/2022 245,000.00 245,803.23 245,000.00 3.100 1,099 1,030 3.103 05/27/2025 169894AS1 1284 Chippewa Valley Bk 06/24/2020 248,000.00 231,507.89 248,000.00 0.600 1,826 1,058 0.600 06/24/2025 307811DF3 1363 Farmers & Merch 01/14/2022 249,000.00 234,418.07 249,000.00 0.900 1,277 1,078 0.900 07/14/2025 70962LAF9 1331 Pentagon FCU 09/01/2021 249,000.00 232,504.96 249,000.00 0.700 1,462 1,128 0.687 09/02/2025 51507LCC6 1305 Landmark Community Bank 01/22/2021 248,000.00 228,322.49 248,000.00 0.500 1,826 1,270 0.500 01/22/2026 87270LDL4 1306 TIAA FKA EverBank 02/12/2021 245,000.00 225,461.72 245,000.00 0.500 1,826 1,291 0.500 02/12/2026 64034KAZ4 1376 Nelnet Bank 03/02/2022 245,000.00 236,248.26 245,000.00 1.800 1,461 1,309 1.801 03/02/2026 39573LBC1 1313 Greenstate FCU 04/16/2021 249,000.00 232,307.52 249,000.00 0.950 1,826 1,354 0.951 04/16/2026 89235MKY6 1314 Toyota Financial Savings Bank 04/22/2021 245,000.00 228,154.88 245,000.00 0.900 1,826 1,360 0.900 04/22/2026 14622LAAO 1316 Carter FCU 04/27/2021 248,000.00 229,462.00 248,000.00 0.750 1,826 1,365 0.750 04/27/2026 31617CAV5 1317 Fidelity Homestead 04/30/2021 248,000.00 229,182.32 248,000.00 0.700 1,826 1,368 0.711 04/30/2026 501798RP9 1356 LCA Bank Corp 12/27/2021 248,000.00 231,320.85 248,000.00 1.000 1,642 1,425 1.000 06/26/2026 92559TAJ7 1325 Vibrant Credit Union 07/02/2021 249,000.00 230,463.76 248,377.50 0.800 1,824 1,429 0.852 06/30/2026 38149MXK4 1326 Goldman Sachs 07/28/2021 248,000.00 231,081.29 248,000.00 1.000 1,826 1,457 1.001 07/28/2026 795451AFO 1327 Sallie Mae Bank Salt Lake City 07/28/2021 248,000.00 231,081.29 248,000.00 1.000 1,826 1,457 1.001 07/28/2026 87165ET98 1332 Synchrony Bank Retail 09/03/2021 245,000.00 227,090.86 245,000.00 0.900 1,826 1,494 0.900 09/03/2026 Portfolio CITY CP Run Date: 12/07/2022 - 15:29 PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Portfolio Details - Investments July 31, 2022 Page 8 Average Purchase Stated Days to YTM Maturity CUSIP Investment # Issuer Balance Date Par Value Market Value Book Value Rate Term Maturity 365 Date Certificate of Deposits 20786ADL6 1334 Connect One 09/24/2021 248,000.00 228,549.66 248,000.00 0.800 1,826 1,515 0.800 09/24/2026 59013KPNO 1345 Merrick Bank 11/09/2021 249,000.00 232,086.05 249,000.00 1.100 1,826 1,561 1.101 11/09/2026 14042RQBO 1346 Capital One Natl Assn FDIC4297 11/17/2021 248,000.00 231,157.47 248,000.00 1.100 1,826 1,569 1.101 11/17/2026 20825WAR1 1357 Connexus CU 12/23/2021 249,000.00 233,267.39 249,000.00 1.250 1,826 1,605 1.250 12/23/2026 89786MAF1 1368 True Sky FCU 02/04/2022 245,000.00 233,009.26 245,000.00 1.600 1,826 1,648 1.601 02/04/2027 02357QAQO 1372 Amerant Bank 02/14/2022 245,000.00 232,925.43 245,000.00 1.600 1,828 1,660 1.601 02/16/2027 07371AYE7 1370 Beal Bank TX 02/23/2022 245,000.00 236,088.44 245,000.00 1.900 1,820 1,661 1.901 02/17/2027 073710E88 1371 Beal Bank USA 02/23/2022 245,000.00 236,088.44 245,000.00 1.900 1,820 1,661 1.901 02/17/2027 59161YAP1 1373 Metro Credit Union 02/18/2022 249,000.00 237,731.26 249,000.00 1.700 1,826 1,662 1.701 02/18/2027 24773RCR4 1377 Delta Natl B&T 03/09/2022 245,000.00 237,108.57 245,000.00 2.000 1,814 1,669 2.001 02/25/2027 27004PCM3 1375 Eaglemark Savings 03/02/2022 245,000.00 237,147.48 245,000.00 2.000 1,826 1,674 2.001 03/02/2027 91139LAB2 1378 United Roosevelt Savings 03/11/2022 248,000.00 238,885.40 248,000.00 1.900 1,826 1,683 1.901 03/11/2027 565819AG4 1379 Marathon Bnak 03/16/2022 248,000.00 237,768.13 248,000.00 1.800 1,826 1,688 1.801 03/16/2027 20033A3A2 1386 Comenity Capital Bank 04/14/2022 248,000.00 247,100.85 248,000.00 2.650 1,826 1,717 2.652 04/14/2027 397417AQ9 1419 Greenwoods State Bank 05/17/2022 248,000.00 251,682.61 248,000.00 3.050 1,826 1,750 3.052 05/17/2027 Subtotal and Average 32,442,603.31 32,594,000.00 31,687,117.92 32,593,377.50 1,656 784 1.917 Corporate Notes 931142DU4 1190 Wal-Mart Stores, Inc 04/16/2019 500,000.00 500,865.00 496,650.00 2.350 1,339 136 2.799 12/15/2022 19416QEA4 1175 Colgate-Palmolive 03/04/2019 500,000.00 496,870.00 485,250.00 1.950 1,430 184 2.751 02/01/2023 594918BQ6 1157 Microsoft Corporation 10/15/2018 400,000.00 396,748.00 378,360.00 2.000 1,758 372 3.222 08/08/2023 45950VPS9 1308 International Finance Corp. 02/26/2021 500,000.00 460,750.00 497,300.00 0.500 1,826 1,305 0.610 02/26/2026 Subtotal and Average 1,857,560.00 1,900,000.00 1,855,233.00 1,857,560.00 1,578 510 2.287 Money Market with Fiscal Agent SYS1058 1058 US Bank 07/01/2016 26.01 26.01 26.01 1 1 0.000 Subtotal and Average 26.01 26.01 26.01 26.01 1 1 0.000 CERBT - OPEB Trust SYS1114 1114 CalPERS CERBT Plan 07/01/2022 1,792,152.96 1,792,152.96 1,792,152.96 1 1 0.000 Subtotal and Average 1,792,152.96 1,792,152.96 1,792,152.96 1,792,152.96 1 1 0.000 PARS Pension Trust SYS1230 1230 Pblc Agncy Rtrmnt Sery 10,510,266.30 10,510,266.30 10,510,266.30 1 1 0.000 Run Date: 12/07/2022 - 15:29 Portfolio CITY CID PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Portfolio Details - Investments July 31, 2022 Page 9 Average Purchase Stated Daysto YTM CUSIP Investment # Issuer Balance Date Par Value Market Value Book Value Rate Term Maturity 365 Subtotal and Average 10,149,899.86 10,510,266.30 10,510,266.30 10,510,266.30 1 1 0.000 Total and Average 223,372,590.83 Run Date: 12/07/2022 - 15:29 226,582,320.63 221,858,690.86 225,786,770.30 707 439 1.380 Portfolio CITY CID PM (PRF_PM2) 7.3.0 t(V Qa I tr(lu City of La Quinta Total Earnings GEM ofrheDESERT - Sorted by Fund - Fund July 1, 2022 - July 31, 2022 City of La Quinta CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 98-33-434 1055 101 LAIF 32,728,722.48 32,615,832.06 32,728,722.48 1.090 1.353 37,476.97 0.00 0.00 37,476.97 SYS1059 1059 101 CITYPC 3,300.00 3,300.00 3,300.00 0.00 0.00 0.00 0.00 01859BAA3 1095 101 ALLIAN 245,000.00 245,000.00 245,000.00 2.250 2.250 468.18 0.00 0.00 468.18 02587CFU9 1096 101 AMFSB 240,000.00 240,000.00 240,000.00 2.400 2.400 489.21 0.00 0.00 489.21 06740KLJ4 1097 101 BARCLY 240,000.00 240,000.00 240,000.00 2.300 2.300 468.82 0.00 0.00 468.82 62384RACO 1099 101 MTNAMR 245,000.00 245,000.00 245,000.00 2.300 2.300 478.59 0.00 0.00 478.59 22766ACB9 1106 101 CRS1ST 245,000.00 245,000.00 245,000.00 2.200 2.200 457.78 0.00 0.00 457.78 29367QCP1 1107 101 ENTRPR 245,000.00 245,000.00 245,000.00 2.150 2.150 447.38 0.00 0.00 447.38 499724AB8 1110 101 KNOX 245,000.00 245,000.00 245,000.00 2.400 2.400 499.40 0.00 0.00 499.40 SYS1114 1114 101 CALPRS 1,792,152.96 0.00 1,792,152.96 0.00 0.00 0.00 0.00 034577AH9 1119 101 ANECA 245,000.00 245,000.00 245,000.00 2.800 2.800 582.63 0.00 0.00 582.63 17312QJ26 1123 101 CITINA 245,000.00 245,000.00 245,000.00 2.900 2.900 603.44 0.00 0.00 603.44 29278TAY6 1125 101 ENER 240,000.00 240,000.00 240,000.00 2.950 2.950 601.32 0.00 0.00 601.32 74934YAH4 1144 101 RCB 245,000.00 245,000.00 245,000.00 3.150 3.150 655.46 0.00 0.00 655.46 32110YLK9 1147 101 1STNBA 245,000.00 245,000.00 245,000.00 3.150 3.150 655.46 0.00 0.00 655.46 89269CBX9 1148 101 TRAD 245,000.00 245,000.00 245,000.00 3.000 3.000 624.25 0.00 0.00 624.25 06426KAN8 1151 101 NWENGL 249,000.00 249,000.00 249,000.00 3.250 3.250 687.31 0.00 0.00 687.31 SYS1153 1153 101 CAMP 32,915,647.76 27,875,713.70 32,915,647.76 1.640 1.687 39,934.06 0.00 0.00 39,934.06 474067AQ8 1154 101 JEFF 245,000.00 245,000.00 245,000.00 3.350 3.350 697.07 0.00 0.00 697.07 57116ARV2 1155 101 MARBUS 248,000.00 248,000.00 248,000.00 3.300 3.300 695.08 0.00 0.00 695.08 594918BQ6 1157 101 MCRSFT 400,000.00 378,360.00 378,360.00 2.000 2.075 666.66 0.00 0.00 666.66 3133EJYL7 1158 101 FFCB 250,000.00 247,275.00 247,275.00 2.800 2.778 583.33 0.00 0.00 583.33 625925AR3 1160 101 MUNTRS 245,000.00 245,000.00 245,000.00 3.200 3.200 665.86 0.00 0.00 665.86 90348JEJ5 1161 101 UBS 245,000.00 245,000.00 245,000.00 3.350 3.350 697.08 0.00 0.00 697.08 20143PDV9 1162 101 COMMBK 248,000.00 248,000.00 248,000.00 3.400 3.400 716.14 0.00 0.00 716.14 67054NAN3 1164 101 NMRCA 248,000.00 248,000.00 248,000.00 3.550 3.550 747.74 0.00 0.00 747.74 75701LAB3 1166 101 REDRCK 248,000.00 248,000.00 248,000.00 3.350 3.350 705.61 0.00 0.00 705.61 58404DCX7 1169 101 MEDBA 248,000.00 248,000.00 248,000.00 3.400 3.400 716.14 0.00 0.00 716.14 635573AL2 1170 101 NLCOOP 245,000.00 245,000.00 245,000.00 3.400 3.400 707.48 0.00 0.00 707.48 Run Date: 12/07/2022 - 22:05 Portfolio CITY CP TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 2 July 1, 2022 - July 31, 2022 CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 066851WJ1 1172 101 BARHAR 248,000.00 248,000.00 248,000.00 3.350 3.350 705.61 0.00 0.00 705.61 619165JD6 1173 101 MORTN 248,000.00 248,000.00 248,000.00 2.750 2.750 579.23 0.00 0.00 579.23 949763XY7 1174 101 WELLS 248,000.00 248,000.00 248,000.00 3.000 3.000 631.89 0.00 0.00 631.89 19416QEA4 1175 101 COLGTE 500,000.00 485,250.00 485,250.00 1.950 1.971 812.50 0.00 0.00 812.50 3130AFW94 1177 101 FHLB 500,000.00 498,550.00 498,550.00 2.500 2.460 1,041.66 0.00 0.00 1,041.66 9128282W9 1178 101 USTR 500,000.00 489,687.50 489,687.50 1.875 1.909 794.05 0.00 0.00 794.05 32117BCX4 1179 101 1STNBK 248,000.00 248,000.00 248,000.00 2.800 2.800 589.76 0.00 0.00 589.76 92535LCD4 1180 101 VERUS 248,000.00 248,000.00 248,000.00 2.700 2.700 568.71 0.00 0.00 568.71 66736ABP3 1181 101 NRTHWS 248,000.00 248,000.00 248,000.00 2.950 2.950 621.36 0.00 0.00 621.36 156634AK3 1184 101 CENTNX 248,000.00 248,000.00 248,000.00 2.500 2.500 526.57 0.00 0.00 526.57 48128HXU7 1185 101 JPMORG 245,000.00 245,000.00 245,000.00 3.250 3.250 676.27 0.00 0.00 676.27 46256YAZ2 1186 101 IOWAST 245,000.00 245,000.00 245,000.00 2.400 2.400 499.40 0.00 0.00 499.40 56065GAG3 1188 101 MAINST 248,000.00 248,000.00 248,000.00 2.600 2.600 547.64 0.00 0.00 547.64 20726ABA5 1189 101 CONGRS 248,000.00 248,000.00 248,000.00 2.500 2.500 526.58 0.00 0.00 526.58 931142DU4 1190 101 WALMRT 500,000.00 496,650.00 496,650.00 2.350 2.321 979.17 0.00 0.00 979.17 725404AB3 1194 101 PITTS 245,000.00 245,000.00 245,000.00 2.500 2.500 520.21 0.00 0.00 520.21 72651LCL6 1195 101 PLAINS 245,000.00 245,000.00 245,000.00 2.550 2.550 530.61 0.00 0.00 530.61 299547AQ2 1196 101 EVNSCU 248,000.00 248,000.00 248,000.00 2.600 2.600 547.64 0.00 0.00 547.64 524661CB9 1197 101 LEGCY 248,000.00 248,000.00 248,000.00 2.400 2.400 505.51 0.00 0.00 505.51 3133EKQP4 1198 101 FFCB 500,000.00 499,500.00 499,500.00 1.875 1.842 781.25 0.00 0.00 781.25 176688CP2 1199 101 CTZNST 248,000.00 248,000.00 248,000.00 2.400 2.400 505.52 0.00 0.00 505.52 85916VDC6 1201 101 STRLNG 245,000.00 245,000.00 245,000.00 2.150 2.150 447.38 0.00 0.00 447.38 20416TAQ5 1202 101 COMMW 248,000.00 248,000.00 248,000.00 2.250 2.250 473.92 0.00 0.00 473.92 761402BY1 1203 101 REVER 247,000.00 247,000.00 247,000.00 2.300 2.300 482.50 0.00 0.00 482.50 02772JBD1 1205 101 AMRNTL 248,000.00 248,000.00 248,000.00 2.000 2.000 421.26 0.00 0.00 421.26 3135GOV75 1206 101 FNMA 500,000.00 495,950.00 495,950.00 1.750 1.731 729.17 0.00 0.00 729.17 00257TBD7 1207 101 ABACUS 248,000.00 248,000.00 248,000.00 1.950 1.950 410.73 0.00 0.00 410.73 51210SQU4 1208 101 LKSIDE 248,000.00 248,000.00 248,000.00 2.000 2.000 421.26 0.00 0.00 421.26 33625CCP2 1209 101 1STSEC 248,000.00 248,000.00 248,000.00 2.000 2.000 421.26 0.00 0.00 421.26 710571DS6 1210 101 PEOPLE 248,000.00 248,000.00 248,000.00 2.000 2.000 421.26 0.00 0.00 421.26 3133EKWV4 1212 101 FFCB 500,000.00 499,500.00 499,500.00 1.850 1.817 770.83 0.00 0.00 770.83 740367HP5 1213 101 PREFRD 249,000.00 249,000.00 249,000.00 2.000 2.000 422.96 0.00 0.00 422.96 938828BH2 1215 101 WSHFED 248,000.00 248,000.00 248,000.00 2.000 2.000 421.26 0.00 0.00 421.26 33766LAJ7 1216 101 1STIER 249,000.00 249,000.00 249,000.00 1.950 1.950 412.38 0.00 0.00 412.38 912828T26 1217 101 USTR 500,000.00 499,300.00 499,300.00 1.375 1.373 582.31 0.00 0.00 582.31 75472RAD3 1218 101 RAYJAM 244,000.00 244,000.00 244,000.00 1.950 1.950 404.11 0.00 0.00 404.11 12556LBA3 1219 101 CITBNK 245,000.00 245,000.00 245,000.00 1.900 1.900 395.35 0.00 0.00 395.35 Run Date: 12/07/2022 - 22:05 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 3 July 1, 2022 - July 31, 2022 CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 15118RRH2 1220 101 CELTIC 248,000.00 248,000.00 248,000.00 1.850 1.850 389.67 0.00 0.00 389.67 334342CD2 1221 101 1STNBS 249,000.00 249,000.00 249,000.00 1.850 1.850 391.24 0.00 0.00 391.24 336460CX6 1222 101 1STDQN 248,000.00 248,000.00 248,000.00 1.800 1.800 379.13 0.00 0.00 379.13 3133EKZK5 1223 101 FFCB 500,000.00 499,400.00 499,400.00 1.600 1.572 666.67 0.00 0.00 666.67 3133EKP75 1224 101 FFCB 500,000.00 498,750.00 498,750.00 1.600 1.574 666.67 0.00 0.00 666.67 06652CHBO 1227 101 BNKWST 248,000.00 248,000.00 248,000.00 1.700 1.700 358.07 0.00 0.00 358.07 059731851 1228 101 BOTW 3,264,587.10 7,618,166.47 3,264,587.10 0.01 0.00 0.00 0.01 SYS1230 1230 101 PARS 10,510,266.30 10,137,887.65 10,510,266.30 0.00 0.00 0.00 0.00 33640VDD7 1231 101 1STSER 248,000.00 248,000.00 248,000.00 1.700 1.700 358.07 0.00 0.00 358.07 3135GOW33 1233 101 FNMA 1,000,000.00 992,100.00 992,100.00 1.375 1.360 1,145.83 0.00 0.00 1,145.83 3133EK4X1 1234 101 FFCB 1,000,000.00 996,900.00 996,900.00 1.600 1.575 1,333.33 0.00 0.00 1,333.33 804375DL4 1235 101 SAUKVL 248,000.00 248,000.00 248,000.00 1.700 1.700 358.07 0.00 0.00 358.07 6176OA3133 1236 101 MSPRIV 245,000.00 245,000.00 245,000.00 1.900 1.900 395.36 0.00 0.00 395.36 6169OUNX4 1237 101 MORGST 245,000.00 245,000.00 245,000.00 1.950 1.950 405.76 0.00 0.00 405.76 538036GVO 1238 101 LIVEOK 248,000.00 248,000.00 248,000.00 1.800 1.800 379.13 0.00 0.00 379.13 49228XAK6 1239 101 KERNCU 248,000.00 248,000.00 248,000.00 1.900 1.900 400.20 0.00 0.00 400.20 79772FACO 1240 101 SF FCU 248,000.00 248,000.00 248,000.00 1.850 1.850 389.67 0.00 0.00 389.67 912828YV6 1241 101 USTR 1,000,000.00 989,687.50 989,687.50 1.500 1.511 1,270.49 0.00 0.00 1,270.49 3133ELEA8 1242 101 FFCB 1,000,000.00 998,600.00 998,600.00 1.700 1.670 1,416.67 0.00 0.00 1,416.67 949495AT2 1244 101 WFNBW 248,000.00 248,000.00 248,000.00 1.900 1.900 400.20 0.00 0.00 400.20 3133ELNEO 1246 101 FFCB 1,000,000.00 999,000.00 999,000.00 1.430 1.404 1,191.67 0.00 0.00 1,191.67 3133EGWJO 1247 101 FFCB 1,000,000.00 999,217.36 999,217.36 1.400 1.375 1,166.66 0.00 0.00 1,166.66 35637RDC8 1248 101 FRDMFI 248,000.00 248,000.00 248,000.00 1.550 1.550 326.48 0.00 0.00 326.48 90983WBT7 1249 101 UNTDCM 248,000.00 248,000.00 248,000.00 1.650 1.650 347.54 0.00 0.00 347.54 32114VBT3 1250 101 1STNM1 248,000.00 248,000.00 248,000.00 1.650 1.650 347.54 0.00 0.00 347.54 77579ADFO 1251 101 RLLSTN 245,000.00 245,000.00 245,000.00 1.650 1.650 343.34 0.00 0.00 343.34 17286TAGO 1252 101 CITADL 248,000.00 248,000.00 248,000.00 1.650 1.650 347.54 0.00 0.00 347.54 81768PAF3 1254 101 SERVIS 248,000.00 248,000.00 248,000.00 1.600 1.600 337.01 0.00 0.00 337.01 029728BC5 1255 101 AMERST 248,000.00 248,000.00 248,000.00 1.600 1.600 337.01 0.00 0.00 337.01 00435JBH5 1256 101 ACCSS 248,000.00 248,000.00 248,000.00 1.600 1.600 337.01 0.00 0.00 337.01 849430BF9 1257 101 SPRING 248,000.00 248,000.00 248,000.00 1.500 1.500 315.94 0.00 0.00 315.94 05465DAE8 1258 101 AXOS 248,000.00 248,000.00 248,000.00 1.650 1.650 347.54 0.00 0.00 347.54 882213AB7 1260 101 TEXAS 245,000.00 245,000.00 245,000.00 1.100 1.100 228.89 0.00 0.00 228.89 89579NCD3 1262 101 TRIAD 248,000.00 248,000.00 248,000.00 1.350 1.350 284.35 0.00 0.00 284.35 66704MEQO 1263 101 NRTHSR 248,000.00 248,000.00 248,000.00 1.150 1.150 242.22 0.00 0.00 242.22 954444BS3 1265 101 WESTMI 248,000.00 248,000.00 248,000.00 1.150 1.150 242.22 0.00 0.00 242.22 654062JZ2 1266 101 NCOLET 248,000.00 248,000.00 248,000.00 1.400 1.400 294.88 0.00 0.00 294.88 Run Date: 12/07/2022 - 22:05 Portfolio CITY CP TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 4 July 1, 2022 - July 31, 2022 CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 020080BX4 1267 101 ALMABK 248,000.00 248,000.00 248,000.00 1.400 1.400 294.88 0.00 0.00 294.88 2027506M2 1268 101 CMWBUS 248,000.00 248,000.00 248,000.00 1.250 1.250 263.29 0.00 0.00 263.29 69506YRH4 1269 101 PACWST 245,000.00 245,000.00 245,000.00 1.300 1.300 270.50 0.00 0.00 270.50 08016PDQ9 1270 101 BELB&T 248,000.00 248,000.00 248,000.00 1.250 1.250 263.29 0.00 0.00 263.29 14042TDD6 1271 101 CAPONE 245,000.00 245,000.00 245,000.00 1.600 1.600 332.93 0.00 0.00 332.93 472382AQ3 1272 101 THEJEF 248,000.00 248,000.00 248,000.00 1.250 1.250 263.28 0.00 0.00 263.28 32027BALl 1273 101 1STFDM 249,000.00 249,000.00 249,000.00 1.200 1.200 253.77 0.00 0.00 253.77 32112UDR9 1274 101 1STMCG 248,000.00 248,000.00 248,000.00 1.350 1.350 284.35 0.00 0.00 284.35 33847E3A3 1276 101 FLGSTR 248,000.00 248,000.00 248,000.00 1.250 1.250 263.28 0.00 0.00 263.28 95960NKD8 1277 101 WSTRNS 245,000.00 245,000.00 245,000.00 1.000 1.000 208.09 0.00 0.00 208.09 32056GDJ6 1278 101 1STINT 248,000.00 248,000.00 248,000.00 1.000 1.000 210.63 0.00 0.00 210.63 3134GVYG7 1279 101 FHLMC 1,000,000.00 1,000,000.00 1,000,000.00 0.625 0.613 520.83 0.00 0.00 520.83 3133ELH23 1280 101 FFCB 500,000.00 499,850.00 499,850.00 0.500 0.491 208.33 0.00 0.00 208.33 3130AJKW8 1281 101 FHLB 500,000.00 499,850.00 499,850.00 0.500 0.491 208.33 0.00 0.00 208.33 3133ELH80 1282 101 FFCB 500,000.00 500,000.00 500,000.00 0.680 0.667 283.34 0.00 0.00 283.34 3130AJRP6 1283 101 FHLB 300,000.00 300,000.00 300,000.00 0.680 0.667 170.00 0.00 0.00 170.00 169894AS1 1284 101 CHIPVA 248,000.00 248,000.00 248,000.00 0.600 0.600 126.38 0.00 0.00 126.38 02616AAH2 1285 101 AMR1ST 248,000.00 248,000.00 248,000.00 0.350 0.350 73.72 0.00 0.00 73.72 84223QAN7 1286 101 STHRNB 248,000.00 248,000.00 248,000.00 0.500 0.500 105.32 0.00 0.00 105.32 064520BG3 1287 101 BKPRNC 248,000.00 248,000.00 248,000.00 0.500 0.500 105.32 0.00 0.00 105.32 3135G05S8 1288 101 FNMA 500,000.00 500,000.00 500,000.00 0.500 0.491 208.33 0.00 0.00 208.33 3136G4N74 1289 101 FNMA 1,000,000.00 1,000,000.00 1,000,000.00 0.560 0.549 466.67 0.00 0.00 466.67 3136G4M75 1290 101 FNMA 500,000.00 499,750.00 499,750.00 0.520 0.510 216.66 0.00 0.00 216.66 3135G06E8 1291 101 FNMA 500,000.00 499,250.00 499,250.00 0.420 0.413 175.00 0.00 0.00 175.00 3135GA2Z3 1292 101 FNMA 500,000.00 499,250.00 499,250.00 0.560 0.550 233.34 0.00 0.00 233.34 SYS1293 1293 101 BNY 2,337,762.00 530,216.68 2,337,762.00 0.00 0.00 0.00 0.00 3137EAEU9 1297 101 FHLMC 1,000,000.00 997,300.00 997,300.00 0.375 0.369 312.50 0.00 0.00 312.50 3130AKFA9 1298 101 FHLB 500,000.00 497,400.00 497,400.00 0.375 0.370 156.25 0.00 0.00 156.25 3135GA7D7 1299 101 FNMA 500,000.00 500,000.00 500,000.00 0.600 0.589 250.00 0.00 0.00 250.00 3135GAAW1 1300 101 FNMA 500,000.00 500,000.00 500,000.00 0.400 0.392 166.66 0.00 0.00 166.66 3134GXGZ1 1301 101 FHLMC 500,000.00 500,000.00 500,000.00 0.550 0.540 229.17 0.00 0.00 229.17 3130AKMZ6 1302 101 FHLB 500,000.00 500,000.00 500,000.00 0.510 0.500 212.50 0.00 0.00 212.50 91282CBC4 1303 101 USTR 500,000.00 498,632.81 498,632.81 0.375 0.373 157.94 0.00 0.00 157.94 3130AKN28 1304 101 FHLB 500,000.00 500,000.00 500,000.00 0.550 0.540 229.17 0.00 0.00 229.17 51507LCC6 1305 101 LNDMRK 248,000.00 248,000.00 248,000.00 0.500 0.500 105.32 0.00 0.00 105.32 87270LDL4 1306 101 EVRBA 245,000.00 245,000.00 245,000.00 0.500 0.500 104.04 0.00 0.00 104.04 3137EAEX3 1307 101 FHLMC 500,000.00 495,999.50 495,999.50 0.375 0.371 156.25 0.00 0.00 156.25 Run Date: 12/07/2022 - 22:05 Portfolio CITY CP TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 5 July 1, 2022 - July 31, 2022 CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 45950VPS9 1308 101 IFC 500,000.00 497,300.00 497,300.00 0.500 0.507 214.09 0.00 0.00 214.09 91282CBH3 1309 101 USTR 500,000.00 495,100.00 495,100.00 0.375 0.382 160.49 0.00 0.00 160.49 3137EAEX3 1310 101 FHLMC 1,000,000.00 983,940.00 983,940.00 0.375 0.374 312.50 0.00 0.00 312.50 91282CAT8 1311 101 USTR 1,000,000.00 977,500.00 977,500.00 0.250 0.254 210.59 0.00 0.00 210.59 3130ALV92 1312 101 FHLB 500,000.00 500,000.00 500,000.00 1.050 1.030 437.50 0.00 0.00 437.50 39573LBC1 1313 101 GRNST 249,000.00 249,000.00 249,000.00 0.950 0.950 200.91 0.00 0.00 200.91 89235MKY6 1314 101 TOYFSB 245,000.00 245,000.00 245,000.00 0.900 0.900 187.27 0.00 0.00 187.27 91282CAZ4 1315 101 USTR 500,000.00 492,187.50 492,187.50 0.375 0.380 158.81 0.00 0.00 158.81 14622LAA0 1316 101 CARTER 248,000.00 248,000.00 248,000.00 0.750 0.750 157.97 0.00 0.00 157.97 31617CAV5 1317 101 FIDHMS 248,000.00 248,000.00 248,000.00 0.700 0.700 147.44 0.00 0.00 147.44 SYS1318 1318 101 DPME 613,712.88 597,351.67 613,712.88 0.00 0.00 0.00 0.00 91282CBQ3 1319 101 USTR 500,000.00 494,165.00 494,165.00 0.500 0.502 210.60 0.00 0.00 210.60 91282CBT7 1320 101 USTR 500,000.00 499,525.00 499,525.00 0.750 0.749 317.63 0.00 0.00 317.63 91282CCF6 1321 101 USTR 1,000,000.00 997,060.00 997,060.00 0.750 0.750 635.24 0.00 0.00 635.24 91282CBT7 1322 101 USTR 500,000.00 498,450.00 498,450.00 0.750 0.750 317.63 0.00 0.00 317.63 91282CCF6 1323 101 USTR 500,000.00 497,095.00 497,095.00 0.750 0.752 317.63 0.00 0.00 317.63 3130AMFS6 1324 101 FHLB 1,000,000.00 993,420.00 993,420.00 0.750 0.741 625.00 0.00 0.00 625.00 92559TAJ7 1325 101 VIBRNT 249,000.00 248,377.50 248,377.50 0.800 0.802 169.18 0.00 0.00 169.18 38149MXK4 1326 101 GLDMAN 248,000.00 248,000.00 248,000.00 1.000 1.000 210.63 0.00 0.00 210.63 795451AFO 1327 101 SALMAE 248,000.00 248,000.00 248,000.00 1.000 1.000 210.63 0.00 0.00 210.63 89388CEY0 1328 101 TABBK 248,000.00 248,000.00 248,000.00 0.400 0.400 84.25 0.00 0.00 84.25 06417NZQ9 1329 101 BKOZK 248,000.00 248,000.00 248,000.00 0.400 0.400 84.25 0.00 0.00 84.25 3133EM2C5 1330 101 FFCB 500,000.00 498,000.00 498,000.00 0.710 0.699 295.83 0.00 0.00 295.83 70962LAF9 1331 101 PENTGN 249,000.00 249,000.00 249,000.00 0.700 0.700 148.04 0.00 0.00 148.04 87165ET98 1332 101 SYNCHR 245,000.00 245,000.00 245,000.00 0.900 0.900 187.27 0.00 0.00 187.27 05580AD50 1333 101 BMW 245,000.00 245,000.00 245,000.00 0.650 0.650 135.25 0.00 0.00 135.25 20786ADL6 1334 101 CONNEC 248,000.00 248,000.00 248,000.00 0.800 0.800 168.51 0.00 0.00 168.51 91282CCP4 1335 101 USTR 1,000,000.00 983,750.00 983,750.00 0.625 0.640 534.94 0.00 0.00 534.94 91282CCW9 1336 101 USTR 1,000,000.00 988,500.00 988,500.00 0.750 0.753 631.80 0.00 0.00 631.80 3130APBM6 1337 101 FHLB 1,000,000.00 999,000.00 999,000.00 1.000 0.982 833.33 0.00 0.00 833.33 3133EM4X7 1338 101 FFCB 1,000,000.00 991,080.00 991,080.00 0.800 0.792 666.66 0.00 0.00 666.66 3130APB46 1339 101 FHLB 1,000,000.00 998,250.00 998,250.00 0.950 0.934 791.67 0.00 0.00 791.67 3133EMX64 1340 101 FFCB 500,000.00 499,002.04 499,002.04 0.170 0.167 70.83 0.00 0.00 70.83 91282CCN9 1341 101 USTR 500,000.00 497,792.97 497,792.97 0.125 0.127 53.50 0.00 0.00 53.50 91282CBE0 1342 101 USTR 1,000,000.00 991,000.00 991,000.00 0.125 0.126 106.08 0.00 0.00 106.08 91282CDB4 1343 101 USTR 1,000,000.00 996,320.00 996,320.00 0.625 0.626 529.37 0.00 0.00 529.37 3133ENCQ1 1344 101 FFCB 1,000,000.00 1,000,000.00 1,000,000.00 1.270 1.246 1,058.33 0.00 0.00 1,058.33 Run Date: 12/07/2022 - 22:05 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 6 July 1, 2022 - July 31, 2022 CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 59013KPN0 1345 101 MRRCK 249,000.00 249,000.00 249,000.00 1.100 1.100 232.63 0.00 0.00 232.63 14042RQB0 1346 101 CANNA 248,000.00 248,000.00 248,000.00 1.100 1.100 231.69 0.00 0.00 231.69 3130APTV7 1347 101 FHLB 500,000.00 499,500.00 499,500.00 0.700 0.688 291.67 0.00 0.00 291.67 3133ENBT6 1348 101 FFCB 1,000,000.00 998,530.00 998,530.00 0.180 0.177 150.00 0.00 0.00 150.00 91282CBU4 1349 101 USTR 1,000,000.00 996,718.75 996,718.75 0.125 0.125 105.87 0.00 0.00 105.87 91282CCD1 1350 101 USTR 1,000,000.00 995,468.75 995,468.75 0.125 0.125 105.88 0.00 0.00 105.88 91282CBA8 1351 101 USTR 1,000,000.00 990,000.00 990,000.00 0.125 0.126 105.88 0.00 0.00 105.88 91282CBR1 1352 101 USTR 1,000,000.00 989,800.00 989,800.00 0.250 0.251 210.59 0.00 0.00 210.59 3130AP21.18 1353 101 FHLB 1,000,000.00 987,100.00 987,100.00 0.550 0.547 458.34 0.00 0.00 458.34 3135G06G3 1354 101 FNMA 1,000,000.00 976,300.00 976,300.00 0.500 0.503 416.67 0.00 0.00 416.67 3133ENGN4 1355 101 FFCB 1,000,000.00 1,000,000.00 1,000,000.00 0.970 0.952 808.33 0.00 0.00 808.33 501798RP9 1356 101 LCA 248,000.00 248,000.00 248,000.00 1.000 1.000 210.63 0.00 0.00 210.63 20825WAR1 1357 101 CNNXS 249,000.00 249,000.00 249,000.00 1.250 1.250 264.35 0.00 0.00 264.35 3130AQF65 1358 101 FHLB 1,000,000.00 999,750.00 999,750.00 1.250 1.227 1,041.67 0.00 0.00 1,041.67 3134GW6C5 1359 101 FHLMC 500,000.00 486,000.00 486,000.00 0.800 0.808 333.33 0.00 0.00 333.33 91282CBV2 1360 101 USTR 500,000.00 494,882.81 494,882.81 0.375 0.378 158.81 0.00 0.00 158.81 3137EAEU9 1361 101 FHLMC 500,000.00 487,090.00 487,090.00 0.375 0.378 156.25 0.00 0.00 156.25 3134GW5R3 1362 101 FHLMC 400,000.00 391,360.00 391,360.00 0.650 0.652 216.67 0.00 0.00 216.67 307811DF3 1363 101 FARMER 249,000.00 249,000.00 249,000.00 0.900 0.900 190.33 0.00 0.00 190.33 3130AQJR5 1364 101 FHLB 1,000,000.00 1,000,000.00 1,000,000.00 1.500 1.472 1,250.00 0.00 0.00 1,250.00 3135G031.15 1365 101 FNMA 500,000.00 487,790.00 487,790.00 0.625 0.629 260.42 0.00 0.00 260.42 3134GWUQ7 1366 101 FHLMC 1,000,000.00 945,570.00 945,570.00 0.700 0.726 583.34 0.00 0.00 583.34 3130AQSA2 1367 101 FHLB 1,000,000.00 1,000,000.00 1,000,000.00 1.830 1.796 1,525.00 0.00 0.00 1,525.00 89786MAF1 1368 101 TRUSKY 245,000.00 245,000.00 245,000.00 1.600 1.600 332.93 0.00 0.00 332.93 912828Z78 1369 101 USTR 1,000,000.00 986,700.00 986,700.00 1.500 1.532 1,283.85 0.00 0.00 1,283.85 07371AYE7 1370 101 BEALTX 245,000.00 245,000.00 245,000.00 1.900 1.900 395.35 0.00 0.00 395.35 073710E88 1371 101 BEALUS 245,000.00 245,000.00 245,000.00 1.900 1.900 395.35 0.00 0.00 395.35 02357QAQ0 1372 101 AMRNT 245,000.00 245,000.00 245,000.00 1.600 1.600 332.93 0.00 0.00 332.93 59161YAP1 1373 101 METRO 249,000.00 249,000.00 249,000.00 1.700 1.700 359.52 0.00 0.00 359.52 3130AQWY5 1374 101 FHLB 1,000,000.00 1,000,000.00 1,000,000.00 1.700 1.668 1,416.67 0.00 0.00 1,416.67 27004PCM3 1375 101 EGLMRK 245,000.00 245,000.00 245,000.00 2.000 2.000 416.16 0.00 0.00 416.16 64034KAZ4 1376 101 NELNET 245,000.00 245,000.00 245,000.00 1.800 1.800 374.55 0.00 0.00 374.55 24773RCR4 1377 101 DELTA 245,000.00 245,000.00 245,000.00 2.000 2.000 416.17 0.00 0.00 416.17 91139LAB2 1378 101 URSVLT 248,000.00 248,000.00 248,000.00 1.900 1.900 400.20 0.00 0.00 400.20 565819AG4 1379 101 MRTHON 248,000.00 248,000.00 248,000.00 1.800 1.800 379.13 0.00 0.00 379.13 91282CCW9 1380 101 USTR 500,000.00 466,454.17 466,454.17 0.750 0.797 315.89 0.00 0.00 315.89 91282CDG3 1381 101 USTR 500,000.00 473,396.82 473,396.82 1.125 1.179 473.85 0.00 0.00 473.85 Run Date: 12/07/2022 - 22:05 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 7 July 1, 2022 - July 31, 2022 CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 91282CBQ3 1382 101 USTR 750,000.00 698,025.00 698,025.00 0.500 0.533 315.89 0.00 0.00 315.89 9128286S4 1383 101 USTR 1,000,000.00 999,010.00 999,010.00 2.375 2.358 2,000.68 0.00 0.00 2,000.68 50625LAW3 1384 101 LFYTT 248,000.00 248,000.00 248,000.00 2.050 2.050 431.79 0.00 0.00 431.79 3130ARGJ4 1385 101 FHLB 500,000.00 500,000.00 500,000.00 2.500 2.453 1,041.67 0.00 0.00 1,041.67 20033A3A2 1386 101 CCBA 248,000.00 248,000.00 248,000.00 2.650 2.650 558.16 0.00 0.00 558.16 3130ARGY1 1387 101 FHLB 1,000,000.00 1,000,000.00 1,000,000.00 2.700 2.649 2,250.00 0.00 0.00 2,250.00 02007GPX5 1388 101 ALLY 245,000.00 245,000.00 245,000.00 2.550 2.550 530.61 0.00 0.00 530.61 52168UHY1 1389 101 LEADR 245,000.00 245,000.00 245,000.00 2.550 2.550 530.61 0.00 0.00 530.61 9128283DO 1390 101 USTR 1,000,000.00 985,190.00 985,190.00 2.250 2.265 1,895.38 0.00 0.00 1,895.38 91282CEF4 1391 101 USTR 1,000,000.00 976,860.00 976,860.00 2.500 2.552 2,117.49 0.00 0.00 2,117.49 254673E69 1392 101 DISCOV 245,000.00 245,000.00 245,000.00 3.100 3.100 645.06 0.00 0.00 645.06 91282CAR2 1393 101 USTR 4,000,000.00 3,979,880.00 3,979,880.00 0.125 0.125 421.20 0.00 0.00 421.20 91282CBD2 1394 101 USTR 2,000,000.00 1,982,265.63 1,982,265.63 0.125 0.125 210.60 0.00 0.00 210.60 91282CAN1 1395 101 USTR 4,000,000.00 3,985,625.00 3,985,625.00 0.125 0.125 423.50 0.00 0.00 423.50 48115LAD6 1396 101 JOVIA 248,000.00 248,000.00 248,000.00 2.500 2.500 526.57 0.00 0.00 526.57 912828X88 1397 101 USTR 1,000,000.00 969,687.50 969,687.50 2.375 2.429 2,000.68 0.00 0.00 2,000.68 91282CEN7 1398 101 USTR 500,000.00 495,000.00 495,000.00 2.750 2.755 1,158.28 0.00 0.00 1,158.28 91282CET4 1399 101 USTR 500,000.00 491,842.18 491,842.18 2.625 2.661 1,111.68 0.00 0.00 1,111.68 9128282U3 1400 101 USTR 500,000.00 490,850.00 490,850.00 1.875 1.894 789.74 0.00 0.00 789.74 3133ENYH7 1401 101 FFCB 500,000.00 499,080.00 499,080.00 2.625 2.580 1,093.75 0.00 0.00 1,093.75 91282CBD2 1402 101 USTR 3,000,000.00 2,972,578.13 2,972,578.13 0.125 0.125 315.90 0.00 0.00 315.90 91282CAX9 1403 101 USTR 4,000,000.00 3,972,031.25 3,972,031.25 0.125 0.126 423.49 0.00 0.00 423.49 91282CAN1 1404 101 USTR 2,000,000.00 1,992,780.00 1,992,780.00 0.125 0.125 211.74 0.00 0.00 211.74 91282CAG6 1405 101 USTR 5,000,000.00 4,988,450.00 4,988,450.00 0.125 0.124 526.50 0.00 0.00 526.50 91282CAR2 1406 101 USTR 2,000,000.00 1,989,440.00 1,989,440.00 0.125 0.125 210.59 0.00 0.00 210.59 912828N30 1407 101 USTR 2,000,000.00 1,996,240.00 1,996,240.00 2.125 2.112 3,580.16 0.00 0.00 3,580.16 912828M80 1408 101 USTR 3,000,000.00 2,996,670.00 2,996,670.00 2.000 1.997 5,081.96 0.00 0.00 5,081.96 3130ASDV8 1409 101 FHLB 300,000.00 300,000.00 300,000.00 3.300 3.238 825.00 0.00 0.00 825.00 9128283C2 1410 101 USTR 2,000,000.00 1,999,940.00 1,999,940.00 2.000 1.984 3,369.57 0.00 0.00 3,369.57 91282CAN1 1411 101 USTR 2,000,000.00 1,991,942.00 1,991,942.00 0.125 0.125 211.74 0.00 0.00 211.74 912828N30 1412 101 USTR 2,000,000.00 1,996,680.00 1,996,680.00 2.125 2.111 3,580.16 0.00 0.00 3,580.16 912828M80 1413 101 USTR 2,000,000.00 1,997,980.00 1,997,980.00 2.000 1.997 3,387.98 0.00 0.00 3,387.98 9128283C2 1414 101 USTR 1,000,000.00 999,977.00 999,977.00 2.000 1.984 1,684.78 0.00 0.00 1,684.78 89269FDP7 1415 101 TRADCP 246,000.00 0.00 246,000.00 3.000 3.000 242.63 0.00 0.00 242.63 912828XT2 1418 101 USTR 1,000,000.00 985,240.00 985,240.00 2.000 2.024 1,693.99 0.00 0.00 1,693.99 397417AQ9 1419 101 GRNWDS 248,000.00 248,000.00 248,000.00 3.050 3.050 642.43 0.00 0.00 642.43 Run Date: 12/07/2022 - 22:05 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 8 July 1, 2022 - July 31, 2022 Adjusted Interest Earnings Ending Beginning Ending Current Annualized Interest Amortization/ Realized Adjusted Interest CUSIP Investment # Fund Issuer Par Value Book Value Book Value Rate Yield Earned Accretion Gainl/Loss Earnings Subtotal 224,160,151.48 218,330,917.90 223,364,601.15 1.146 214,313.78 0.00 0.00 214,313.78 Fund: Fiscal Agent SYS1058 1058 231 USBANK 26.01 26.01 26.01 0.00 0.00 0.00 0.00 Subtotal 26.01 26.01 26.01 0.00 0.00 0.00 0.00 Fund: Housing Authority : WSA and LQ SYS1062 1062 241 LQPR 403,375.75 390,461.07 403,375.75 0.00 0.00 0.00 0.00 Subtotal 403,375.75 390,461.07 403,375.75 0.00 0.00 0.00 0.00 Fund: SA Low/Mod Bond Fund 25-33-005 1113 249 LAIF 2,018,767.39 2,010,227.97 2,018,767.39 1.090 1.353 2,310.83 0.00 0.00 2,310.83 Subtotal 2,018,767.39 2,010,227.97 2,018,767.39 1.353 2,310.83 0.00 0.00 2,310.83 Total 226,582,320.63 220,731,632.95 225,786,770.30 Run Date: 12/07/2022 - 22:05 1.146 216,624.61 0.00 0.00 216,624.61 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta City of La Quintat(V 09 ig - Portfolio Management - GEM of the DESERT Portfolio Summary August 31, 2022 Par Market Book % of Days to YTM Investments Value Value Value Portfolio Term Maturity 365 Equiv. Bank Accounts 11,913,388.12 11,913,388.12 11,913,388.12 5.34 1 1 0.000 Local Agency Investment Fund -City 28,728,722.48 28,308,807.15 28,728,722.48 12.87 1 1 1.276 Local Agency Invstmnt Fund -Housing 2,018,767.39 1,992,886.54 2,018,767.39 0.90 1 1 1.276 Money Market Accounts - CAMP 17,972,088.30 17,972,088.30 17,972,088.30 8.05 1 1 2.300 Federal Agency Coupon Securities 39,750,000.00 37,089,204.00 39,534,153.90 17.70 1,574 1,026 1.206 Treasury Coupon Securities 62,750,000.00 61,069,002.50 62,194,013.94 27.85 699 518 1.695 Certificate of Deposits 32,109,000.00 30,825,164.20 32,108,377.50 14.38 1,666 792 1.923 Corporate Notes 1,900,000.00 1,B39,149.00 1,857,560.00 0.83 1,578 479 2.287 Money Market with Fiscal Agent 14,973,176.11 14,973,176.11 14,973,176.11 6.71 1 1 0.000 CERBT- OPEBTrust 1,792,152.96 1,792,152.96 1,792,152.96 0.80 1 1 0.000 PARS Pension Trust 10,207,728.18 10,207,728.18 10,207,728.18 4.57 1 1 0.000 224,115,023.54 217,982,747.06 223,300,128.88 100.00% 727 444 1.342 Investments Total Earnings August 31 Month Ending Fiscal Year To Date Current Year 242,858.75 459,483.36 Average Daily Balance 219,428,163.90 221,400,377.36 Effective Rate of Return 1.30% 1.22% 1 certify that this report accurately reflects all pooled investments and is in compliance with the California Government Code and the City Investment Policy. As Treasurer of the City of La Quinta, I hereby certify that sufficient investment liauidi.tv and anticipated revenues are available to meet the City's expenditure requirements for the next six months. The City of La Quinta used the monthly account statements issued b ur fina 'al in uti s to determine the fair market value of investments at month end. 12/8/22 Claudia Martinez, Finance Director/City Treasurer Reporting period 08/01/2022-08/3112022 Run Date: 12/07/2022 - 20:26 Portfolio CITY CP PM (PRF_PM1) 7.3.0 Report Ver. 7.3.6.1 City of La Quinta Portfolio Management Portfolio Details - Investments August 31, 2022 Page 1 Average Purchase Stated Days to YTM Maturity CUSIP Investment # Issuer Balance Date Par Value Market Value Book Value Rate Term Maturity 365 Date Bank Accounts SYS1293 1293 Bank of New York 09/01/2020 5,796,058.77 5,796,058.77 5,796,058.77 1 1 0.000 059731851 1228 Bank of the West 08/20/2019 5,048,779.42 5,048,779.42 5,048,779.42 1 1 0.000 SYS1059 1059 City Petty Cash 07/01/2016 3,300.00 3,300.00 3,300.00 1 1 0.000 SYS1318 1318 Dune Palms Mobile Estates 03/09/2021 649,117.42 649,117.42 649,117.42 1 1 0.000 SYS1062 1062 La Quinta Palms Realty 07/01/2016 416,132.51 416,132.51 416,132.51 1 1 0.000 Subtotal and Average 6,332,571.35 11,913,388.12 11,913,388.12 11,913,388.12 1 1 0.000 Local Agency Investment Fund -City 98-33434 1055 Local Agency Inv Fund 28,728,722.48 28,308,807.15 28,728,722.48 1.276 1 1 1.276 Subtotal and Average 29,760,980.54 28,728,722.48 28,308,807.15 28,728,722.48 1 1 1.276 Local Agency Invstmnt Fund -Housing 25-33-005 1113 Local Agency Inv Fund 2,018,767.39 1,992,886.54 2,018,767.39 1.276 1 1 1.276 Subtotal and Average 2,018,767.39 2,018,767.39 1,992,886.54 2,018,767.39 1 1 1.276 Money Market Accounts - CAMP SYS1153 1153 California Asset Management Pr Subtotal and Average 29,046,500.68 09/26/2018 17,972,088.30 17,972,088.30 17,972,088.30 17,972,088.30 17,972,088.30 17,972,088.30 2.300 1 1 1 1 2.300 2.300 Federal Agency Coupon Securities 3135GOW33 1233 Federal National Mtg Assn 10/29/2019 1,000,000.00 999,850.00 992,100.00 1.375 1,043 5 1.659 09/06/2022 3133EGWJO 1247 Federal Farm Credit Bank 02/05/2020 1,000,000.00 999,080.00 999,217.36 1.400 967 28 1.430 09/29/2022 3133EKQP4 1198 Federal Farm Credit Bank 06/20/2019 500,000.00 498,765.00 499,500.00 1.875 1,271 102 1.905 12/12/2022 3133ENBT6 1348 Federal Farm Credit Bank 12/07/2021 1,000,000.00 988,240.00 998,530.00 0.180 414 146 0.310 01/25/2023 3133EMX64 1340 Federal Farm Credit Bank 10/22/2021 500,000.00 489,520.00 499,002.04 0.170 553 239 0.302 04/28/2023 3133EKZK5 1223 Federal Farm Credit Bank 09/12/2019 500,000.00 490,795.00 499,400.00 1.600 1,432 347 1.632 08/14/2023 3133EJYL7 1158 Federal Farm Credit Bank 10/15/2018 250,000.00 248,175.00 247,275.00 2.800 1,786 369 3.041 09/05/2023 3133EK4X1 1234 Federal Farm Credit Bank 11/01/2019 1,000,000.00 977,530.00 996,900.00 1.600 1,461 426 1.680 11/01/2023 3130AFW94 1177 Federal Home Loan Bank 03/01/2019 500,000.00 493,875.00 498,550.00 2.500 1,810 530 2.563 02/13/2024 3133ELNEO 1246 Federal Farm Credit Bank 02/14/2020 1,000,000.00 972,430.00 999,000.00 1.430 1,461 531 1.456 02/14/2024 3133ENYH7 1401 Federal Farm Credit Bank 06/10/2022 500,000.00 492,820.00 499,080.00 2.625 731 648 2.720 06/10/2024 3135GOV75 1206 Federal National Mtg Assn 07/15/2019 500,000.00 485,310.00 495,950.00 1.750 1,814 670 1.922 07/02/2024 3133EKWV4 1212 Federal Farm Credit Bank 08/02/2019 500,000.00 484,905.00 499,500.00 1.850 1,820 694 1.871 07/26/2024 3133EKP75 1224 Federal Farm Credit Bank 09/17/2019 500,000.00 482,585.00 498,750.00 1.600 1,827 747 1.652 09/17/2024 3133ELEA8 1242 Federal Farm Credit Bank 12/17/2019 1,000,000.00 967,080.00 998,600.00 1.700 1,736 747 1.731 09/17/2024 Portfolio CITY CP Run Date: 12/07/2022 - 20:26 PM (PRF_PM2) 7.3.0 Report Ver. 7.3.6.1 City of La Quinta Portfolio Management Portfolio Details - Investments August 31, 2022 Page 2 CUSIP Investment # Average Issuer Balance Purchase Date Par Value Market Value Book Value Stated Rate Term Days to Maturity YTM 365 Maturity Date Federal Agency Coupon Securities 3135G06E8 1291 Federal National Mtg Assn 11/18/2020 500,000.00 465,330.00 499,250.00 0.420 1,461 809 0.458 11/18/2024 3133ENGN4 1355 Federal Farm Credit Bank 12/09/2021 1,000,000.00 940,710.00 1,000,000.00 0.970 1,096 830 0.970 12/09/2024 3135GAAW1 1300 Federal National Mtg Assn 12/30/2020 500,000.00 463,345.00 500,000.00 0.400 1,461 851 0.400 12/30/2024 3130AP21.18 1353 Federal Home Loan Bank 12/07/2021 1,000,000.00 928,230.00 987,100.00 0.550 1,127 859 0.976 01/07/2025 3130AQWY5 1374 Federal Home Loan Bank 02/25/2022 1,000,000.00 950,760.00 1,000,000.00 1.700 1,095 907 1.700 02/24/2025 3135G031.15 1365 Federal National Mtg Assn 01/28/2022 500,000.00 463,235.00 487,790.00 0.625 1,180 964 1.400 04/22/2025 3134GVYG7 1279 Federal Home Loan Mtg Corp 05/27/2020 1,000,000.00 926,720.00 1,000,000.00 0.625 1,826 999 0.625 05/27/2025 3133ELH23 1280 Federal Farm Credit Bank 06/09/2020 500,000.00 461,150.00 499,850.00 0.500 1,826 1,012 0.506 06/09/2025 3133ELH80 1282 Federal Farm Credit Bank 06/10/2020 500,000.00 460,090.00 500,000.00 0.680 1,826 1,013 0.680 06/10/2025 3130AJKW8 1281 Federal Home Loan Bank 06/03/2020 500,000.00 461,330.00 499,850.00 0.500 1,836 1,016 0.506 06/13/2025 3130AJRP6 1283 Federal Home Loan Bank 06/30/2020 300,000.00 275,232.00 300,000.00 0.680 1,826 1,033 0.680 06/30/2025 3137EAEU9 1297 Federal Home Loan Mtg Corp 12/07/2020 1,000,000.00 915,330.00 997,300.00 0.375 1,687 1,054 0.434 07/21/2025 3137EAEU9 1361 Federal Home Loan Mtg Corp 01/05/2022 500,000.00 457,665.00 487,090.00 0.375 1,293 1,054 1.120 07/21/2025 3135G05S8 1288 Federal National Mtg Assn 08/14/2020 500,000.00 455,115.00 500,000.00 0.500 1,826 1,078 0.500 08/14/2025 3136G4M75 1290 Federal National Mtg Assn 08/28/2020 500,000.00 457,905.00 499,750.00 0.520 1,816 1,082 0.530 08/18/2025 3136G4N74 1289 Federal National Mtg Assn 08/21/2020 1,000,000.00 913,540.00 1,000,000.00 0.560 1,826 1,085 0.560 08/21/2025 3137EAEX3 1307 Federal Home Loan Mtg Corp 02/23/2021 500,000.00 455,725.00 495,999.50 0.375 1,673 1,118 0.552 09/23/2025 3137EAEX3 1310 Federal Home Loan Mtg Corp 03/30/2021 1,000,000.00 911,450.00 983,940.00 0.375 1,638 1,118 0.740 09/23/2025 3130ARGJ4 1385 Federal Home Loan Bank 04/14/2022 500,000.00 480,890.00 500,000.00 2.500 1,279 1,139 2.500 10/14/2025 3134GW5R3 1362 Federal Home Loan Mtg Corp 01/05/2022 400,000.00 363,624.00 391,360.00 0.650 1,391 1,152 1.232 10/27/2025 3135G06G3 1354 Federal National Mtg Assn 12/07/2021 1,000,000.00 910,680.00 976,300.00 0.500 1,431 1,163 1.120 11/07/2025 3135GA2Z3 1292 Federal National Mtg Assn 11/17/2020 500,000.00 452,485.00 499,250.00 0.560 1,826 1,173 0.590 11/17/2025 3130AKFA9 1298 Federal Home Loan Bank 12/07/2020 500,000.00 452,475.00 497,400.00 0.375 1,831 1,198 0.480 12/12/2025 3135GA7D7 1299 Federal National Mtg Assn 12/23/2020 500,000.00 451,865.00 500,000.00 0.600 1,826 1,209 0.600 12/23/2025 3134GXGZ1 1301 Federal Home Loan Mtg Corp 12/30/2020 500,000.00 453,890.00 500,000.00 0.550 1,826 1,216 0.550 12/30/2025 3130AKMZ6 1302 Federal Home Loan Bank 01/14/2021 500,000.00 448,960.00 500,000.00 0.510 1,826 1,231 0.510 01/14/2026 313OAKN28 1304 Federal Home Loan Bank 01/29/2021 500,000.00 449,040.00 500,000.00 0.550 1,826 1,246 0.550 01/29/2026 3130ALV92 1312 Federal Home Loan Bank 03/30/2021 500,000.00 459,925.00 500,000.00 1.050 1,826 1,306 0.938 03/30/2026 3130AMFS6 1324 Federal Home Loan Bank 06/17/2021 1,000,000.00 905,400.00 993,420.00 0.750 1,821 1,380 0.885 06/12/2026 3133EM2C5 1330 Federal Farm Credit Bank 08/10/2021 500,000.00 446,200.00 498,000.00 0.710 1,826 1,439 0.792 08/10/2026 3133EM4X7 1338 Federal Farm Credit Bank 09/28/2021 1,000,000.00 899,070.00 991,080.00 0.800 1,808 1,470 0.985 09/10/2026 3130APBM6 1337 Federal Home Loan Bank 09/30/2021 1,000,000.00 898,010.00 999,000.00 1.000 1,826 1,490 1.021 09/30/2026 3130APB46 1339 Federal Home Loan Bank 10/13/2021 1,000,000.00 895,400.00 998,250.00 0.950 1,826 1,503 0.986 10/13/2026 3134GW6C5 1359 Federal Home Loan Mtg Corp 01/05/2022 500,000.00 446,210.00 486,000.00 0.800 1,757 1,518 1.403 10/28/2026 3133ENCQ1 1344 Federal Farm Credit Bank 11/02/2021 1,000,000.00 907,620.00 1,000,000.00 1.270 1,826 1,523 1.270 11/02/2026 3130APTV7 1347 Federal Home Loan Bank 11/24/2021 500,000.00 458,775.00 499,500.00 0.700 1,826 1,545 1.489 11/24/2026 Portfolio CITY CP Run Date: 12/07/2022 - 20:26 PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Portfolio Details - Investments August 31, 2022 Page 3 CUSIP Investment # Average Issuer Balance Purchase Date Par Value Market Value Book Value Stated Rate Days to Term Maturity YTM Maturity 365 Date Federal Agency Coupon Securities 313OAQF65 1358 Federal Home Loan Bank 12/22/2021 1,000,000.00 916,640.00 999,750.00 1.250 1,825 1,572 1.255 12/21/2026 3134GWUQ7 1366 Federal Home Loan Mtg Corp 02/10/2022 1,000,000.00 883,230.00 945,570.00 0.700 1,784 1,581 1.870 12/30/2026 3130AQJR5 1364 Federal Home Loan Bank 01/27/2022 1,000,000.00 910,050.00 1,000,000.00 1.500 1,826 1,609 1.500 01/27/2027 3130AQSA2 1367 Federal Home Loan Bank 02/10/2022 1,000,000.00 921,410.00 1,000,000.00 1.830 1,826 1,623 1.830 02/10/2027 3130ARGY1 1387 Federal Home Loan Bank 04/19/2022 1,000,000.00 952,500.00 1,000,000.00 2.700 1,826 1,691 2.700 04/19/2027 3130ASDV8 1409 Federal Home Loan Bank 06/28/2022 300,000.00 291,033.00 300,000.00 3.300 1,826 1,761 3.300 06/28/2027 Subtotal and Average 39,534,153.90 39,750,000.00 37,089,204.00 39,534,153.90 1,574 1,026 1.206 Treasury Coupon Securities 9128282W9 1178 U.S. Treasury 03/01/2019 500,000.00 499,835.00 489,687.50 1.875 1,309 29 2.480 09/30/2022 91282CAN1 1395 U.S. Treasury 06/06/2022 4,000,000.00 3,993,200.00 3,985,625.00 0.125 116 29 1.263 09/30/2022 91282CAN1 1404 U.S. Treasury 06/13/2022 2,000,000.00 1,996,600.00 1,992,780.00 0.125 109 29 1.342 09/30/2022 91282CAN1 1411 U.S. Treasury 06/29/2022 2,000,000.00 1,996,600.00 1,991,942.00 0.125 93 29 1.717 09/30/2022 91282CAR2 1393 U.S. Treasury 06/06/2022 4,000,000.00 3,983,320.00 3,979,880.00 0.125 147 60 1.391 10/31/2022 91282CAR2 1406 U.S. Treasury 06/13/2022 2,000,000.00 1,991,660.00 1,989,440.00 0.125 140 60 1.521 10/31/2022 9128283C2 1410 U.S. Treasury 06/29/2022 2,000,000.00 1,997,680.00 1,999,940.00 2.000 124 60 2.002 10/31/2022 9128283C2 1414 U.S. Treasury 06/30/2022 1,000,000.00 998,840.00 999,977.00 2.000 123 60 2.000 10/31/2022 91282CAX9 1403 U.S. Treasury 06/13/2022 4,000,000.00 3,973,600.00 3,972,031.25 0.125 170 90 1.642 11/30/2022 912828M80 1408 U.S. Treasury 06/28/2022 3,000,000.00 2,993,820.00 2,996,670.00 2.000 155 90 2.261 11/30/2022 912828M80 1413 U.S. Treasury 06/30/2022 2,000,000.00 1,995,880.00 1,997,980.00 2.000 153 90 2.240 11/30/2022 91282CBD2 1394 U.S. Treasury 06/06/2022 2,000,000.00 1,980,860.00 1,982,265.63 0.125 208 121 1.705 12/31/2022 91282CBD2 1402 U.S. Treasury 06/13/2022 3,000,000.00 2,971,290.00 2,972,578.13 0.125 201 121 1.812 12/31/2022 912828N30 1407 U.S. Treasury 06/28/2022 2,000,000.00 1,993,820.00 1,996,240.00 2.125 186 121 2.501 12/31/2022 912828N30 1412 U.S. Treasury 06/30/2022 2,000,000.00 1,993,820.00 1,996,680.00 2.125 184 121 2.461 12/31/2022 91282CBU4 1349 U.S. Treasury 12/07/2021 1,000,000.00 982,230.00 996,718.75 0.125 479 211 0.376 03/31/2023 91282CCD1 1350 U.S. Treasury 12/07/2021 1,000,000.00 976,250.00 995,468.75 0.125 540 272 0.432 05/31/2023 91282CCN9 1341 U.S. Treasury 10/22/2021 500,000.00 485,040.00 497,792.97 0.125 647 333 0.375 07/31/2023 912828T26 1217 U.S. Treasury 08/21/2019 500,000.00 489,025.00 499,300.00 1.375 1,501 394 1.410 09/30/2023 91282CBA8 1351 U.S. Treasury 12/07/2021 1,000,000.00 958,670.00 990,000.00 0.125 738 470 0.623 12/15/2023 91282CBEO 1342 U.S. Treasury 10/22/2021 1,000,000.00 955,660.00 991,000.00 0.125 815 501 0.531 01/15/2024 91282CBR1 1352 U.S. Treasury 12/07/2021 1,000,000.00 952,150.00 989,800.00 0.250 829 561 0.704 03/15/2024 91282CBV2 1360 U.S. Treasury 01/05/2022 500,000.00 475,725.00 494,882.81 0.375 831 592 0.830 04/15/2024 912828XT2 1418 U.S. Treasury 05/04/2022 1,000,000.00 975,630.00 985,240.00 2.000 758 638 2.736 05/31/2024 9128282U3 1400 U.S. Treasury 06/09/2022 500,000.00 485,100.00 490,850.00 1.875 814 730 2.727 08/31/2024 91282CDB4 1343 U.S. Treasury 10/22/2021 1,000,000.00 942,580.00 996,320.00 0.625 1,089 775 0.750 10/15/2024 Portfolio CITY CID Run Date: 12/07/2022 - 20:26 PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Portfolio Details - Investments August 31, 2022 Page 4 CUSIP Average Investment # Issuer Balance Purchase Date Par Value Market Value Book Value Stated Rate Days to Term Maturity YTM Maturity 365 Date Treasury Coupon Securities 9128283DO 1390 U.S. Treasury 05/03/2022 1,000,000.00 975,230.00 985,190.00 2.250 912 791 2.870 10/31/2024 912828YV6 1241 U.S. Treasury 12/16/2019 1,000,000.00 958,090.00 989,687.50 1.500 1,811 821 1.718 11/30/2024 91282CAT8 1311 U.S. Treasury 03/30/2021 1,000,000.00 904,260.00 977,500.00 0.250 1,676 1,156 0.750 10/31/2025 91282CAZ4 1315 U.S. Treasury 04/22/2021 500,000.00 452,715.00 492,187.50 0.375 1,683 1,186 0.720 11/30/2025 91282CBC4 1303 U.S. Treasury 01/07/2021 500,000.00 451,700.00 498,632.81 0.375 1,819 1,217 0.431 12/31/2025 91282CBH3 1309 U.S. Treasury 02/23/2021 500,000.00 450,530.00 495,100.00 0.375 1,803 1,248 0.577 01/31/2026 91282CBQ3 1319 U.S. Treasury 05/28/2021 500,000.00 451,545.00 494,165.00 0.500 1,737 1,276 0.750 02/28/2026 91282CBQ3 1382 U.S. Treasury 03/23/2022 750,000.00 677,317.50 698,025.00 0.500 1,438 1,276 2.353 02/28/2026 91282CBT7 1320 U.S. Treasury 05/28/2021 500,000.00 454,845.00 499,525.00 0.750 1,768 1,307 0.770 03/31/2026 91282CBT7 1322 U.S. Treasury 06/17/2021 500,000.00 454,845.00 498,450.00 0.750 1,748 1,307 0.816 03/31/2026 9128286S4 1383 U.S. Treasury 03/23/2022 1,000,000.00 964,960.00 999,010.00 2.375 1,499 1,337 2.400 04/30/2026 91282CCF6 1321 U.S. Treasury 06/01/2021 1,000,000.00 906,250.00 997,060.00 0.750 1,825 1,368 0.810 05/31/2026 91282CCF6 1323 U.S. Treasury 06/17/2021 500,000.00 453,125.00 497,095.00 0.750 1,809 1,368 0.870 05/31/2026 91282CCP4 1335 U.S. Treasury 09/29/2021 1,000,000.00 898,440.00 983,750.00 0.625 1,766 1,429 0.970 07/31/2026 91282CCW9 1336 U.S. Treasury 09/29/2021 1,000,000.00 901,290.00 988,500.00 0.750 1,797 1,460 0.990 08/31/2026 91282CCW9 1380 U.S. Treasury 03/22/2022 500,000.00 450,645.00 466,454.17 0.750 1,623 1,460 2.350 08/31/2026 91282CDG3 1381 U.S. Treasury 03/22/2022 500,000.00 456,170.00 473,396.82 1.125 1,684 1,521 2.350 10/31/2026 912828Z78 1369 U.S. Treasury 02/10/2022 1,000,000.00 924,060.00 986,700.00 1.500 1,816 1,613 1.781 01/31/2027 91282CEF4 1391 U.S. Treasury 05/03/2022 1,000,000.00 964,410.00 976,860.00 2.500 1,793 1,672 3.010 03/31/2027 91282CEN7 1398 U.S. Treasury 06/08/2022 500,000.00 487,420.00 495,000.00 2.750 1,787 1,702 2.971 04/30/2027 912828X88 1397 U.S. Treasury 06/07/2022 1,000,000.00 957,730.00 969,687.50 2.375 1,803 1,717 3.041 05/15/2027 91282CET4 1399 U.S. Treasury 06/08/2022 500,000.00 485,000.00 491,842.18 2.625 1,818 1,733 2.980 05/31/2027 91282CFB2 1417 U.S. Treasury 08/15/2022 1,000,000.00 974,770.00 989,460.00 2.750 1,811 1,794 2.980 07/31/2027 91282CFB2 1422 U.S. Treasury 08/29/2022 1,000,000.00 974,770.00 979,645.67 2.750 1,797 1,794 3.200 07/31/2027 Subtotal and Average 65,689,852.04 62,750,000.00 61,069,002.50 62,194,013.94 699 518 1.695 Certificate of Deposits 01859BAA3 1095 Alliance Credit Union 10/13/2017 245,000.00 244,917.73 245,000.00 2.250 1,826 42 2.251 10/13/2022 06740KLJ4 1097 Barclays Bank 10/25/2017 240,000.00 239,915.80 240,000.00 2.300 1,826 54 2.291 10/25/2022 62384RACO 1099 Mountain America Federal CU 11/08/2017 245,000.00 244,761.19 245,000.00 2.300 1,826 68 2.301 11/08/2022 22766ACB9 1106 CrossFirst Bank 11/20/2017 245,000.00 244,673.13 245,000.00 2.200 1,824 78 2.201 11/18/2022 29367QCP1 1107 Enterprise Bank, NA 11/28/2017 245,000.00 244,601.99 245,000.00 2.150 1,826 88 2.151 11/28/2022 58404DCX7 1169 Medallion Bank 12/07/2018 248,000.00 248,227.97 248,000.00 3.400 1,461 97 3.402 12/07/2022 75701LAB3 1166 Red Rocks Credit Union 12/07/2018 248,000.00 248,194.40 248,000.00 3.350 1,461 97 3.352 12/07/2022 499724AB8 1110 Knoxville TVA Credit Union 12/29/2017 245,000.00 244,464.34 245,000.00 2.400 1,826 119 2.401 12/29/2022 Portfolio CITY CID Run Date: 12/07/2022 - 20:26 PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Portfolio Details - Investments August 31, 2022 Page 5 CUSIP Investment # Average Issuer Balance Purchase Date Par Value Market Value Book Value Stated Rate Term Days to Maturity YTM 365 Maturity Date Certificate of Deposits 49228XAK6 1239 Kern FCU 12/30/2019 248,000.00 247,039.23 248,000.00 1.900 1,096 120 1.902 12/30/2022 79772FACO 1240 San Francisco FCU 12/30/2019 248,000.00 246,997.81 248,000.00 1.850 1,096 120 1.852 12/30/2022 949495AT2 1244 Wells Fargo Natl Bank West 01/29/2020 248,000.00 246,566.88 248,000.00 1.900 1,097 151 1.900 01/30/2023 81768PAF3 1254 Servisfirst Bank 02/21/2020 248,000.00 245,791.89 248,000.00 1.600 1,096 173 1.601 02/21/2023 92535LCD4 1180 Verus Bank of Commerce 02/28/2019 248,000.00 247,061.91 248,000.00 2.700 1,461 180 2.700 02/28/2023 034577AH9 1119 Aneca Federal Credit Union 03/22/2018 245,000.00 243,907.91 245,000.00 2.800 1,826 202 2.802 03/22/2023 66704MEQO 1263 Northstar Bank 03/31/2020 248,000.00 244,350.42 248,000.00 1.150 1,095 211 1.150 03/31/2023 954444BS3 1265 West Michigan Cmnty Bk 03/31/2020 248,000.00 244,350.42 248,000.00 1.150 1,095 211 1.150 03/31/2023 17312QJ26 1123 Citibank NA 04/11/2018 245,000.00 243,827.06 245,000.00 2.900 1,826 222 2.902 04/11/2023 20726ABA5 1189 Congressional Bank 04/30/2019 248,000.00 246,075.57 248,000.00 2.500 1,459 239 2.502 04/28/2023 29278TAY6 1125 EnerBank USA 04/30/2018 240,000.00 238,847.79 240,000.00 2.950 1,824 239 2.952 04/28/2023 32117BCX4 1179 First National Bank 03/05/2019 248,000.00 246,389.60 248,000.00 2.800 1,522 246 2.802 05/05/2023 725404AB3 1194 Pittsfield Cooperative Bank 06/07/2019 245,000.00 242,489.29 245,000.00 2.500 1,461 279 2.502 06/07/2023 619165JD6 1173 Morton Community 03/20/2019 248,000.00 245,836.84 248,000.00 2.750 1,553 292 2.753 06/20/2023 74934YAH4 1144 RCB Bank 06/20/2018 245,000.00 243,647.00 245,000.00 3.150 1,826 292 3.152 06/20/2023 02616AAH2 1285 American First CU 06/26/2020 248,000.00 240,935.88 248,000.00 0.350 1,095 298 0.350 06/26/2023 02772JBD1 1205 American National Bank 07/19/2019 248,000.00 243,717.63 248,000.00 2.000 1,461 321 2.001 07/19/2023 32110YLK9 1147 First National Bank of America 07/20/2018 245,000.00 243,235.82 245,000.00 3.150 1,826 322 3.152 07/20/2023 06426KAN8 1151 Bank of New England 07/31/2018 249,000.00 247,087.77 249,000.00 3.250 1,826 333 3.252 07/31/2023 75472RAD3 1218 Raymond James Bank 08/23/2019 244,000.00 238,961.65 244,000.00 1.950 1,461 356 1.951 08/23/2023 89579NCD3 1262 Triad Bank 03/30/2020 248,000.00 240,392.65 248,000.00 1.350 1,278 393 1.352 09/29/2023 57116ARV2 1155 Cache Valley BK F/K/A Marlin 10/17/2018 248,000.00 245,542.64 248,000.00 3.300 1,826 411 3.302 10/17/2023 625925AR3 1160 Municipal Trust and Savings 10/17/2018 245,000.00 242,299.07 245,000.00 3.200 1,826 411 3.202 10/17/2023 90348JEJ5 1161 UBS Bank USA 10/17/2018 245,000.00 242,709.01 245,000.00 3.350 1,826 411 3.352 10/17/2023 474067AQ8 1154 Jefferson Financial CU 10/19/2018 245,000.00 242,699.10 245,000.00 3.350 1,826 413 3.352 10/19/2023 20143PDV9 1162 Commercial Bank 11/15/2018 248,000.00 245,772.70 248,000.00 3.400 1,826 440 3.402 11/15/2023 67054NAN3 1164 Numerica Credit Union 11/28/2018 248,000.00 246,165.50 248,000.00 3.550 1,826 453 3.552 11/28/2023 48115LAD6 1396 Jovia Financial Credit Union 06/07/2022 248,000.00 242,981.65 248,000.00 2.500 548 462 2.502 12/07/2023 635573AL2 1170 National Cooperative Bank, N.A 12/21/2018 245,000.00 242,731.54 245,000.00 3.400 1,826 476 3.402 12/21/2023 066851 WJ1 1172 Bar Harbor Bank and Trust 12/31/2018 248,000.00 245,507.95 248,000.00 3.350 1,824 484 3.352 12/29/2023 89269FDP7 1415 Tradition Capital 07/20/2022 246,000.00 242,360.80 246,000.00 3.000 551 508 3.008 01/22/2024 51210SQU4 1208 Lakeside Bank 07/30/2019 248,000.00 240,820.04 248,000.00 2.000 1,644 515 2.003 01/29/2024 77579ADFO 1251 Rollstone B&T 02/12/2020 245,000.00 236,679.43 245,000.00 1.650 1,461 529 1.651 02/12/2024 66736ABP3 1181 Northwest Bank 02/13/2019 248,000.00 244,106.92 248,000.00 2.950 1,826 530 2.951 02/13/2024 949763XY7 1174 Wells Fargo 02/27/2019 248,000.00 244,189.52 248,000.00 3.000 1,826 544 3.001 02/27/2024 50625LAW3 1384 Lafayette FCU 03/30/2022 248,000.00 240,480.45 248,000.00 2.050 729 574 2.053 03/28/2024 Portfolio CITY CP Run Date: 12/07/2022 - 20:26 PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Portfolio Details - Investments August 31, 2022 Page 6 CUSIP Investment # Average Issuer Balance Purchase Date Par Value Market Value Book Value Stated Rate Term Days to Maturity YTM 365 Maturity Date Certificate of Deposits 882213AB7 1260 Texas Bank Financial 03/31/2020 245,000.00 234,057.70 245,000.00 1.100 1,458 574 1.101 03/28/2024 472382AQ3 1272 The Jefferson Bank 04/15/2020 248,000.00 237,230.16 248,000.00 1.250 1,461 592 1.251 04/15/2024 08016PDQ9 1270 Belmont Bank and Trust 04/16/2020 248,000.00 237,212.58 248,000.00 1.250 1,461 593 1.251 04/16/2024 69506YRH4 1269 Pacific Western Bank 04/16/2020 245,000.00 234,610.86 245,000.00 1.300 1,461 593 1.301 04/16/2024 56065GAG3 1188 Main Street Bank 04/26/2019 248,000.00 242,462.14 248,000.00 2.600 1,827 603 2.603 04/26/2024 33640VDD7 1231 First Service Bank 11/15/2019 248,000.00 238,709.09 248,000.00 1.700 1,643 622 1.701 05/15/2024 48128HXU7 1185 JP Morgan Chase 05/16/2019 245,000.00 242,165.98 245,000.00 3.250 1,827 623 3.254 05/16/2024 46256YAZ2 1186 Iowa State Bank 05/23/2019 245,000.00 238,639.39 245,000.00 2.400 1,827 630 2.403 05/23/2024 538036GVO 1238 Live Oak Bank 11/27/2019 248,000.00 238,944.76 248,000.00 1.800 1,644 635 1.802 05/28/2024 156634AK3 1184 Century Next Bank 05/29/2019 248,000.00 241,893.33 248,000.00 2.500 1,827 636 2.503 05/29/2024 72651LCL6 1195 Plains Commerce Bank 06/07/2019 245,000.00 239,273.54 245,000.00 2.550 1,827 645 2.553 06/07/2024 299547AQ2 1196 Evansville Teachers Credit FCU 06/12/2019 248,000.00 242,349.27 248,000.00 2.600 1,827 650 2.603 06/12/2024 524661CB9 1197 Legacy Bank 06/19/2019 248,000.00 241,417.11 248,000.00 2.400 1,827 657 2.403 06/19/2024 176688CP2 1199 Citizens State Bank 06/21/2019 248,000.00 241,397.85 248,000.00 2.400 1,827 659 2.403 06/21/2024 20416TAQ5 1202 Communitywide FCU 06/28/2019 248,000.00 240,666.81 248,000.00 2.250 1,827 666 2.253 06/28/2024 761402BY1 1203 Revere Bank 06/28/2019 247,000.00 239,955.60 247,000.00 2.300 1,827 666 2.303 06/28/2024 00257TBD7 1207 Abacus Federal Savings 07/26/2019 248,000.00 239,147.09 248,000.00 1.950 1,827 694 1.952 07/26/2024 33625CCP2 1209 First Security Bank of WA 07/30/2019 248,000.00 239,329.81 248,000.00 2.000 1,827 698 2.002 07/30/2024 710571DS6 1210 People's Bank 07/31/2019 248,000.00 239,477.28 248,000.00 2.000 1,827 699 2.002 07/31/2024 740367HP5 1213 Preferred Bank 08/16/2019 249,000.00 240,254.18 249,000.00 2.000 1,827 715 2.002 08/16/2024 33766LAJ7 1216 FirsTier Bank 08/23/2019 249,000.00 239,931.78 249,000.00 1.950 1,827 722 1.952 08/23/2024 938828BH2 1215 Washington Federal 08/23/2019 248,000.00 239,207.50 248,000.00 2.000 1,827 722 2.002 08/23/2024 336460CX6 1222 First State Bk DeQueen 08/30/2019 248,000.00 238,159.83 248,000.00 1.800 1,827 729 1.802 08/30/2024 334342CD2 1221 First Natl Bk of Syracuse 08/30/2019 249,000.00 239,362.66 249,000.00 1.850 1,827 729 1.852 08/30/2024 15118RRH2 1220 Celtic Bank 08/30/2019 248,000.00 238,401.36 248,000.00 1.850 1,827 729 1.852 08/30/2024 05580AD50 1333 BMW Bank 09/10/2021 245,000.00 229,848.29 245,000.00 0.650 1,096 740 0.651 09/10/2024 06652CHBO 1227 BankWest Inc 09/27/2019 248,000.00 237,467.74 248,000.00 1.700 1,827 757 1.702 09/27/2024 84223QAN7 1286 Southern Bancorp Bk 06/26/2020 248,000.00 230,948.91 248,000.00 0.500 1,582 785 0.500 10/25/2024 804375DL4 1235 Sauk Valley B&T Co 11/07/2019 248,000.00 237,091.43 248,000.00 1.700 1,827 798 1.702 11/07/2024 61690UNX4 1237 Morgan Stanley Bank 11/20/2019 245,000.00 235,434.36 245,000.00 1.950 1,827 811 1.952 11/20/2024 61760A3B3 1236 Morgan Stanley Private Bk, NA 11/20/2019 245,000.00 235,172.03 245,000.00 1.900 1,827 811 1.902 11/20/2024 064520BG3 1287 Bank Princeton 06/30/2020 248,000.00 229,763.47 248,000.00 0.500 1,644 851 0.500 12/30/2024 89388CEYO 1328 Transportation Alliance Bk TAB 07/23/2021 248,000.00 228,790.62 248,000.00 0.400 1,280 875 0.401 01/23/2025 06417NZQ9 1329 Bank OZK 07/29/2021 248,000.00 228,665.14 248,000.00 0.400 1,280 881 0.401 01/29/2025 90983WBT7 1249 United Community 02/07/2020 248,000.00 235,885.32 248,000.00 1.650 1,827 890 1.652 02/07/2025 32114VBT3 1250 First National Bank Michigan 02/14/2020 248,000.00 235,794.36 248,000.00 1.650 1,827 897 1.652 02/14/2025 Portfolio CITY CP Run Date: 12/07/2022 - 20:26 PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Portfolio Details - Investments August 31, 2022 Page 7 CUSIP Investment # Average Issuer Balance Purchase Date Par Value Market Value Book Value Stated Rate Term Days to Maturity YTM 365 Maturity Date Certificate of Deposits 35637RDC8 1248 Freedom Financial 02/14/2020 248,000.00 235,204.46 248,000.00 1.550 1,827 897 1.552 02/14/2025 029728BC5 1255 American State 02/21/2020 248,000.00 235,406.50 248,000.00 1.600 1,827 904 1.602 02/21/2025 17286TAGO 1252 Citadel FCU 02/27/2020 248,000.00 235,626.08 248,000.00 1.650 1,827 910 1.652 02/27/2025 00435JBH5 1256 Access Bank 03/13/2020 248,000.00 235,241.50 248,000.00 1.600 1,826 924 1.601 03/13/2025 849430BF9 1257 Spring Bank 03/20/2020 248,000.00 234,538.21 248,000.00 1.500 1,826 931 1.501 03/20/2025 05465DAE8 1258 Axos Bank 03/26/2020 248,000.00 235,378.42 248,000.00 1.650 1,826 937 1.651 03/26/2025 020080BX4 1267 Alma Bank 03/30/2020 248,000.00 233,812.07 248,000.00 1.400 1,824 939 1.399 03/28/2025 2027506M2 1268 Commonwealth Business Bk 03/31/2020 248,000.00 232,943.49 248,000.00 1.250 1,826 942 1.251 03/31/2025 654062JZ2 1266 Nicolet Natl Bank 03/31/2020 248,000.00 233,871.00 248,000.00 1.400 1,826 942 1.401 03/31/2025 14042TDD6 1271 Capital One USA FDIC33954 04/08/2020 245,000.00 232,245.08 245,000.00 1.600 1,826 950 1.601 04/08/2025 02007GPX5 1388 Ally Bank Midvale 04/21/2022 245,000.00 237,957.40 245,000.00 2.550 1,096 963 2.550 04/21/2025 52168UHY1 1389 Leader Bank 04/22/2022 245,000.00 237,950.29 245,000.00 2.550 1,096 964 2.552 04/22/2025 32112UDR9 1274 First Natl Bk McGregor 04/28/2020 248,000.00 233,153.90 248,000.00 1.350 1,826 970 1.351 04/28/2025 32027BALl 1273 First Freedom Bank 04/29/2020 249,000.00 233,121.00 249,000.00 1.200 1,826 971 1.201 04/29/2025 33847E3A3 1276 Flagstar 04/30/2020 248,000.00 232,588.99 248,000.00 1.250 1,826 972 1.251 04/30/2025 32056GDJ6 1278 1st Internet Bank 05/11/2020 248,000.00 230,793.73 248,000.00 1.000 1,827 984 0.985 05/12/2025 95960NKD8 1277 Western State Bank 05/13/2020 245,000.00 228,097.32 245,000.00 1.000 1,826 985 1.001 05/13/2025 254673E69 1392 Discover Bank Greenwood DE CF 05/24/2022 245,000.00 241,331.10 245,000.00 3.100 1,099 999 3.103 05/27/2025 169894AS1 1284 Chippewa Valley Bk 06/24/2020 248,000.00 227,505.02 248,000.00 0.600 1,826 1,027 0.600 06/24/2025 307811DF3 1363 Farmers & March 01/14/2022 249,000.00 230,214.79 249,000.00 0.900 1,277 1,047 0.900 07/14/2025 70962LAF9 1331 Pentagon FCU 09/01/2021 249,000.00 228,158.20 249,000.00 0.700 1,462 1,097 0.687 09/02/2025 51507LCC6 1305 Landmark Community Bank 01/22/2021 248,000.00 223,487.65 248,000.00 0.500 1,826 1,239 0.500 01/22/2026 87270LDL4 1306 TIAA FKA EverBank 02/12/2021 245,000.00 220,657.48 245,000.00 0.500 1,826 1,260 0.500 02/12/2026 64034KAZ4 1376 Nelnet Bank 03/02/2022 245,000.00 230,972.25 245,000.00 1.800 1,461 1,278 1.801 03/02/2026 39573LBC1 1313 Greenstate FCU 04/16/2021 249,000.00 226,979.45 249,000.00 0.950 1,826 1,323 0.951 04/16/2026 89235MKY6 1314 Toyota Financial Savings Bank 04/22/2021 245,000.00 222,961.14 245,000.00 0.900 1,826 1,329 0.900 04/22/2026 14622LAAO 1316 Carter FCU 04/27/2021 248,000.00 224,175.43 248,000.00 0.750 1,826 1,334 0.750 04/27/2026 31617CAV5 1317 Fidelity Homestead 04/30/2021 248,000.00 223,694.01 248,000.00 0.700 1,826 1,337 0.711 04/30/2026 501798RP9 1356 LCA Bank Corp 12/27/2021 248,000.00 225,774.06 248,000.00 1.000 1,642 1,394 1.000 06/26/2026 92559TAJ7 1325 Vibrant Credit Union 07/02/2021 249,000.00 224,674.74 248,377.50 0.800 1,824 1,398 0.852 06/30/2026 38149MXK4 1326 Goldman Sachs 07/28/2021 248,000.00 225,405.70 248,000.00 1.000 1,826 1,426 1.001 07/28/2026 795451AFO 1327 Sallie Mae Bank Salt Lake Clty 07/28/2021 248,000.00 225,405.70 248,000.00 1.000 1,826 1,426 1.001 07/28/2026 87165ET98 1332 Synchrony Bank Retail 09/03/2021 245,000.00 221,433.46 245,000.00 0.900 1,826 1,463 0.900 09/03/2026 20786ADL6 1334 Connect One 09/24/2021 248,000.00 222,711.19 248,000.00 0.800 1,826 1,484 0.800 09/24/2026 59013KPNO 1345 Merrick Bank 11/09/2021 249,000.00 225,988.24 249,000.00 1.100 1,826 1,530 1.101 11/09/2026 14042RQBO 1346 Capital One Natl Assn FDIC4297 11/17/2021 248,000.00 225,112.09 248,000.00 1.100 1,826 1,538 1.101 11/17/2026 Portfolio CITY CP Run Date: 12/07/2022 - 20:26 PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Page Portfolio Details - Investments August 31, 2022 Average Purchase Stated Days to YTM Maturity CUSIP Investment # Issuer Balance Date Par Value Market Value Book Value Rate Term Maturity 365 Date Certificate of Deposits 20825WAR1 1357 Connexus CU 12/23/2021 249,000.00 226,976.95 249,000.00 1.250 1,826 1,574 1.250 12/23/2026 89786MAF1 1368 True Sky FCU 02/04/2022 245,000.00 226,632.51 245,000.00 1.600 1,826 1,617 1.601 02/04/2027 02357QAQO 1372 Amerant Bank 02/14/2022 245,000.00 226,509.08 245,000.00 1.600 1,828 1,629 1.601 02/16/2027 07371AYE7 1370 Beal Bank TX 02/23/2022 245,000.00 229,559.39 245,000.00 1.900 1,820 1,630 1.901 02/17/2027 073710E88 1371 Beal Bank USA 02/23/2022 245,000.00 229,559.39 245,000.00 1.900 1,820 1,630 1.901 02/17/2027 59161YAP1 1373 Metro Credit Union 02/18/2022 249,000.00 231,108.80 249,000.00 1.700 1,826 1,631 1.701 02/18/2027 24773RCR4 1377 Delta Natl B&T 03/09/2022 245,000.00 230,516.34 245,000.00 2.000 1,814 1,638 2.001 02/25/2027 27004PCM3 1375 Eaglemark Savings 03/02/2022 245,000.00 230,565.78 245,000.00 2.000 1,826 1,643 2.001 03/02/2027 91139LAB2 1378 United Roosevelt Savings 03/11/2022 248,000.00 232,165.48 248,000.00 1.900 1,826 1,652 1.901 03/11/2027 565819AG4 1379 Marathon Bnak 03/16/2022 248,000.00 231,065.47 248,000.00 1.800 1,826 1,657 1.801 03/16/2027 20033A3A2 1386 Comenity Capital Bank 04/14/2022 248,000.00 239,995.13 248,000.00 2.650 1,826 1,686 2.652 04/14/2027 397417AQ9 1419 Greenwoods State Bank 05/17/2022 248,000.00 244,317.63 248,000.00 3.050 1,826 1,719 3.052 05/17/2027 02589ADH2 1421 American Express, NB 08/29/2022 245,000.00 245,879.57 245,000.00 3.450 1,793 1,790 3.067 07/27/2027 88413QDN5 1420 Third Federal Savings and Loan 08/19/2022 245,000.00 244,308.32 245,000.00 3.300 1,826 1,813 3.302 08/19/2027 Subtotal and Average 32,412,087.18 32,109,000.00 30,825,164.20 32,108,377.50 1,666 792 1.923 Corporate Notes 931142DU4 1190 19416QEA4 1175 594918BQ6 1157 45950VP39 1308 Wal-Mart Stores, Inc Colgate-Palmolive Microsoft Corporation International Finance Corp. Subtotal and Average Money Market with Fiscal Agent SYS1058 1058 US Bank Subtotal and Average 04/16/2019 03/04/2019 10/15/2018 02/26/2021 1,857,560.00 07/01 /2016 483,030.85 CERBT - OPEB Trust SYS1114 1114 CalPERS CERBT Plan 07/01/2022 Subtotal and Average 1,792,152.96 PARS Pension Trust SYS1230 1230 Run Date: 12/07/2022 - 20:26 Pblc Agncy Rtrmnt Sery Subtotal and Average 10,500,507.01 500,000.00 500,000.00 400,000.00 500,000.00 1,900,000.00 14,973,176.11 14, 973,176.11 498,765.00 497,260.00 394,284.00 448,840.00 1,839,149.00 14, 973,176.11 14, 973,176.11 496,650.00 2.350 1,339 105 2.799 12/15/2022 485,250.00 1.950 1,430 153 2.751 02/01/2023 378,360.00 2.000 1,758 341 3.222 08/08/2023 497,300.00 0.500 1,826 1,274 0.610 02/26/2026 1,857,560.00 1,578 479 2.287 14, 973,176.11 1 14,973,176.11 1 1,792,152.96 1,792,152.96 1,792,152.96 1,792,152.96 1,792,152.96 1,792,152.96 10,207,728.18 10,207, 728.18 10,207, 728.18 10,207,728.18 10,207,728.18 10,207,728.18 I 1 0.000 1 0.000 1 0.000 1 0.000 1 1 0.000 1 1 0.000 Portfolio CITY CID PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Portfolio Details - Investments August 31, 2022 Average Purchase Stated Days to YTM CUSIP Investment # Issuer Balance Date Par Value Market Value Book Value Rate Term Maturity 365 Run Date: 12/07/2022 - 20:26 Total and Average 219,428,163.90 224,115,023.54 217,982,747.06 223,300,128.88 727 444 1.342 Page 9 Portfolio CITY CID PM (PRF_PM2) 7.3.0 t(VQr(lu GEM of the DESERT - City of La Quinta Total Earnings Sorted by Fund - Fund August 1, 2022 - August 31, 2022 City of La Quinta CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 98-33-434 1055 101 LAIF 28,728,722.48 32,728,722.48 28,728,722.48 1.276 1.228 34,131.83 0.00 0.00 34,131.83 SYS1059 1059 101 CITYPC 3,300.00 3,300.00 3,300.00 0.00 0.00 0.00 0.00 01859BAA3 1095 101 ALLIAN 245,000.00 245,000.00 245,000.00 2.250 2.250 468.19 0.00 0.00 468.19 02587CFU9 1096 101 AMFSB 0.00 240,000.00 0.00 2.400 2.400 441.86 0.00 0.00 441.86 06740KLJ4 1097 101 BARCLY 240,000.00 240,000.00 240,000.00 2.300 2.300 468.82 0.00 0.00 468.82 62384RACO 1099 101 MTNAMR 245,000.00 245,000.00 245,000.00 2.300 2.300 478.59 0.00 0.00 478.59 22766ACB9 1106 101 CRS1ST 245,000.00 245,000.00 245,000.00 2.200 2.200 457.78 0.00 0.00 457.78 29367QCP1 1107 101 ENTRPR 245,000.00 245,000.00 245,000.00 2.150 2.150 447.38 0.00 0.00 447.38 499724AB8 1110 101 KNOX 245,000.00 245,000.00 245,000.00 2.400 2.400 499.40 0.00 0.00 499.40 SYS1114 1114 101 CALPRS 1,792,152.96 1,792,152.96 1,792,152.96 0.00 0.00 0.00 0.00 034577AH9 1119 101 ANECA 245,000.00 245,000.00 245,000.00 2.800 2.800 582.63 0.00 0.00 582.63 17312QJ26 1123 101 CITINA 245,000.00 245,000.00 245,000.00 2.900 2.900 603.44 0.00 0.00 603.44 29278TAY6 1125 101 ENER 240,000.00 240,000.00 240,000.00 2.950 2.950 601.32 0.00 0.00 601.32 74934YAH4 1144 101 RCB 245,000.00 245,000.00 245,000.00 3.150 3.150 655.46 0.00 0.00 655.46 32110YLK9 1147 101 1STNBA 245,000.00 245,000.00 245,000.00 3.150 3.150 655.46 0.00 0.00 655.46 89269CBX9 1148 101 TRAD 0.00 245,000.00 0.00 3.000 3.000 161.10 0.00 0.00 161.10 06426KAN8 1151 101 NWENGL 249,000.00 249,000.00 249,000.00 3.250 3.250 687.31 0.00 0.00 687.31 SYS1153 1153 101 CAMP 17,972,088.30 32,915,647.76 17,972,088.30 2.300 2.019 56,440.54 0.00 0.00 56,440.54 474067AQ8 1154 101 JEFF 245,000.00 245,000.00 245,000.00 3.350 3.350 697.08 0.00 0.00 697.08 57116ARV2 1155 101 MARBUS 248,000.00 248,000.00 248,000.00 3.300 3.300 695.08 0.00 0.00 695.08 594918BQ6 1157 101 MCRSFT 400,000.00 378,360.00 378,360.00 2.000 2.075 666.67 0.00 0.00 666.67 3133EJYL7 1158 101 FFCB 250,000.00 247,275.00 247,275.00 2.800 2.778 583.33 0.00 0.00 583.33 625925AR3 1160 101 MUNTRS 245,000.00 245,000.00 245,000.00 3.200 3.200 665.86 0.00 0.00 665.86 90348JEJ5 1161 101 UBS 245,000.00 245,000.00 245,000.00 3.350 3.350 697.08 0.00 0.00 697.08 20143PDV9 1162 101 COMMBK 248,000.00 248,000.00 248,000.00 3.400 3.400 716.14 0.00 0.00 716.14 67054NAN3 1164 101 NMRCA 248,000.00 248,000.00 248,000.00 3.550 3.550 747.74 0.00 0.00 747.74 75701LAB3 1166 101 REDRCK 248,000.00 248,000.00 248,000.00 3.350 3.350 705.61 0.00 0.00 705.61 58404DCX7 1169 101 MEDBA 248,000.00 248,000.00 248,000.00 3.400 3.400 716.14 0.00 0.00 716.14 635573AL2 1170 101 NLCOOP 245,000.00 245,000.00 245,000.00 3.400 3.400 707.48 0.00 0.00 707.48 Run Date: 12/07/2022 - 22:09 Portfolio CITY CP TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 2 August 1, 2022 - August 31, 2022 CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 066851WJ1 1172 101 BARHAR 248,000.00 248,000.00 248,000.00 3.350 3.350 705.61 0.00 0.00 705.61 619165JD6 1173 101 MORTN 248,000.00 248,000.00 248,000.00 2.750 2.750 579.23 0.00 0.00 579.23 949763XY7 1174 101 WELLS 248,000.00 248,000.00 248,000.00 3.000 3.000 631.89 0.00 0.00 631.89 19416QEA4 1175 101 COLGTE 500,000.00 485,250.00 485,250.00 1.950 1.971 812.50 0.00 0.00 812.50 3130AFW94 1177 101 FHLB 500,000.00 498,550.00 498,550.00 2.500 2.460 1,041.67 0.00 0.00 1,041.67 9128282W9 1178 101 USTR 500,000.00 489,687.50 489,687.50 1.875 1.909 794.06 0.00 0.00 794.06 32117BCX4 1179 101 1STNBK 248,000.00 248,000.00 248,000.00 2.800 2.800 589.76 0.00 0.00 589.76 92535LCD4 1180 101 VERUS 248,000.00 248,000.00 248,000.00 2.700 2.700 568.70 0.00 0.00 568.70 66736ABP3 1181 101 NRTHWS 248,000.00 248,000.00 248,000.00 2.950 2.950 621.36 0.00 0.00 621.36 156634AK3 1184 101 CENTNX 248,000.00 248,000.00 248,000.00 2.500 2.500 526.58 0.00 0.00 526.58 48128HXU7 1185 101 JPMORG 245,000.00 245,000.00 245,000.00 3.250 3.250 676.27 0.00 0.00 676.27 46256YAZ2 1186 101 IOWAST 245,000.00 245,000.00 245,000.00 2.400 2.400 499.40 0.00 0.00 499.40 56065GAG3 1188 101 MAINST 248,000.00 248,000.00 248,000.00 2.600 2.600 547.64 0.00 0.00 547.64 20726ABA5 1189 101 CONGRS 248,000.00 248,000.00 248,000.00 2.500 2.500 526.58 0.00 0.00 526.58 931142DU4 1190 101 WALMRT 500,000.00 496,650.00 496,650.00 2.350 2.321 979.17 0.00 0.00 979.17 725404AB3 1194 101 PITTS 245,000.00 245,000.00 245,000.00 2.500 2.500 520.20 0.00 0.00 520.20 72651LCL6 1195 101 PLAINS 245,000.00 245,000.00 245,000.00 2.550 2.550 530.61 0.00 0.00 530.61 299547AQ2 1196 101 EVNSCU 248,000.00 248,000.00 248,000.00 2.600 2.600 547.64 0.00 0.00 547.64 524661CB9 1197 101 LEGCY 248,000.00 248,000.00 248,000.00 2.400 2.400 505.51 0.00 0.00 505.51 3133EKQP4 1198 101 FFCB 500,000.00 499,500.00 499,500.00 1.875 1.842 781.25 0.00 0.00 781.25 176688CP2 1199 101 CTZNST 248,000.00 248,000.00 248,000.00 2.400 2.400 505.51 0.00 0.00 505.51 85916VDC6 1201 101 STRLNG 0.00 245,000.00 0.00 2.150 2.150 404.08 0.00 0.00 404.08 20416TAQ5 1202 101 COMMW 248,000.00 248,000.00 248,000.00 2.250 2.250 473.92 0.00 0.00 473.92 761402BY1 1203 101 REVER 247,000.00 247,000.00 247,000.00 2.300 2.300 482.49 0.00 0.00 482.49 02772JBD1 1205 101 AMRNTL 248,000.00 248,000.00 248,000.00 2.000 2.000 421.26 0.00 0.00 421.26 3135GOV75 1206 101 FNMA 500,000.00 495,950.00 495,950.00 1.750 1.731 729.17 0.00 0.00 729.17 00257TBD7 1207 101 ABACUS 248,000.00 248,000.00 248,000.00 1.950 1.950 410.73 0.00 0.00 410.73 51210SQU4 1208 101 LKSIDE 248,000.00 248,000.00 248,000.00 2.000 2.000 421.26 0.00 0.00 421.26 33625CCP2 1209 101 1STSEC 248,000.00 248,000.00 248,000.00 2.000 2.000 421.26 0.00 0.00 421.26 710571DS6 1210 101 PEOPLE 248,000.00 248,000.00 248,000.00 2.000 2.000 421.26 0.00 0.00 421.26 3133EKWV4 1212 101 FFCB 500,000.00 499,500.00 499,500.00 1.850 1.817 770.84 0.00 0.00 770.84 740367HP5 1213 101 PREFRD 249,000.00 249,000.00 249,000.00 2.000 2.000 422.96 0.00 0.00 422.96 938828BH2 1215 101 WSHFED 248,000.00 248,000.00 248,000.00 2.000 2.000 421.26 0.00 0.00 421.26 33766LAJ7 1216 101 1STIER 249,000.00 249,000.00 249,000.00 1.950 1.950 412.38 0.00 0.00 412.38 912828T26 1217 101 USTR 500,000.00 499,300.00 499,300.00 1.375 1.373 582.31 0.00 0.00 582.31 75472RAD3 1218 101 RAYJAM 244,000.00 244,000.00 244,000.00 1.950 1.950 404.10 0.00 0.00 404.10 12556LBA3 1219 101 CITBNK 0.00 245,000.00 0.00 1.900 1.900 280.58 0.00 0.00 280.58 Run Date: 12/07/2022 - 22:09 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 3 August 1, 2022 - August 31, 2022 CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 15118RRH2 1220 101 CELTIC 248,000.00 248,000.00 248,000.00 1.850 1.850 389.67 0.00 0.00 389.67 334342CD2 1221 101 1STNBS 249,000.00 249,000.00 249,000.00 1.850 1.850 391.24 0.00 0.00 391.24 336460CX6 1222 101 1STDQN 248,000.00 248,000.00 248,000.00 1.800 1.800 379.13 0.00 0.00 379.13 3133EKZK5 1223 101 FFCB 500,000.00 499,400.00 499,400.00 1.600 1.572 666.67 0.00 0.00 666.67 3133EKP75 1224 101 FFCB 500,000.00 498,750.00 498,750.00 1.600 1.574 666.66 0.00 0.00 666.66 06652CHBO 1227 101 BNKWST 248,000.00 248,000.00 248,000.00 1.700 1.700 358.07 0.00 0.00 358.07 059731851 1228 101 BOTW 5,048,779.42 3,264,587.10 5,048,779.42 0.00 0.00 0.00 0.00 SYS1230 1230 101 PARS 10,207,728.18 10,510,266.30 10,207,728.18 0.00 0.00 0.00 0.00 33640VDD7 1231 101 1STSER 248,000.00 248,000.00 248,000.00 1.700 1.700 358.07 0.00 0.00 358.07 3135GOW33 1233 101 FNMA 1,000,000.00 992,100.00 992,100.00 1.375 1.360 1,145.84 0.00 0.00 1,145.84 3133EK4X1 1234 101 FFCB 1,000,000.00 996,900.00 996,900.00 1.600 1.575 1,333.33 0.00 0.00 1,333.33 804375DL4 1235 101 SAUKVL 248,000.00 248,000.00 248,000.00 1.700 1.700 358.07 0.00 0.00 358.07 6176OA3133 1236 101 MSPRIV 245,000.00 245,000.00 245,000.00 1.900 1.900 395.36 0.00 0.00 395.36 6169OUNX4 1237 101 MORGST 245,000.00 245,000.00 245,000.00 1.950 1.950 405.76 0.00 0.00 405.76 538036GVO 1238 101 LIVEOK 248,000.00 248,000.00 248,000.00 1.800 1.800 379.13 0.00 0.00 379.13 49228XAK6 1239 101 KERNCU 248,000.00 248,000.00 248,000.00 1.900 1.900 400.20 0.00 0.00 400.20 79772FACO 1240 101 SF FCU 248,000.00 248,000.00 248,000.00 1.850 1.850 389.67 0.00 0.00 389.67 912828YV6 1241 101 USTR 1,000,000.00 989,687.50 989,687.50 1.500 1.511 1,270.50 0.00 0.00 1,270.50 3133ELEA8 1242 101 FFCB 1,000,000.00 998,600.00 998,600.00 1.700 1.670 1,416.66 0.00 0.00 1,416.66 949495AT2 1244 101 WFNBW 248,000.00 248,000.00 248,000.00 1.900 1.900 400.20 0.00 0.00 400.20 3133ELNEO 1246 101 FFCB 1,000,000.00 999,000.00 999,000.00 1.430 1.404 1,191.67 0.00 0.00 1,191.67 3133EGWJO 1247 101 FFCB 1,000,000.00 999,217.36 999,217.36 1.400 1.375 1,166.67 0.00 0.00 1,166.67 35637RDC8 1248 101 FRDMFI 248,000.00 248,000.00 248,000.00 1.550 1.550 326.48 0.00 0.00 326.48 90983WBT7 1249 101 UNTDCM 248,000.00 248,000.00 248,000.00 1.650 1.650 347.54 0.00 0.00 347.54 32114VBT3 1250 101 1STNM1 248,000.00 248,000.00 248,000.00 1.650 1.650 347.54 0.00 0.00 347.54 77579ADFO 1251 101 RLLSTN 245,000.00 245,000.00 245,000.00 1.650 1.650 343.34 0.00 0.00 343.34 17286TAGO 1252 101 CITADL 248,000.00 248,000.00 248,000.00 1.650 1.650 347.54 0.00 0.00 347.54 81768PAF3 1254 101 SERVIS 248,000.00 248,000.00 248,000.00 1.600 1.600 337.01 0.00 0.00 337.01 029728BC5 1255 101 AMERST 248,000.00 248,000.00 248,000.00 1.600 1.600 337.01 0.00 0.00 337.01 00435JBH5 1256 101 ACCSS 248,000.00 248,000.00 248,000.00 1.600 1.600 337.01 0.00 0.00 337.01 849430BF9 1257 101 SPRING 248,000.00 248,000.00 248,000.00 1.500 1.500 315.95 0.00 0.00 315.95 05465DAE8 1258 101 AXOS 248,000.00 248,000.00 248,000.00 1.650 1.650 347.54 0.00 0.00 347.54 882213AB7 1260 101 TEXAS 245,000.00 245,000.00 245,000.00 1.100 1.100 228.89 0.00 0.00 228.89 89579NCD3 1262 101 TRIAD 248,000.00 248,000.00 248,000.00 1.350 1.350 284.35 0.00 0.00 284.35 66704MEQO 1263 101 NRTHSR 248,000.00 248,000.00 248,000.00 1.150 1.150 242.22 0.00 0.00 242.22 954444BS3 1265 101 WESTMI 248,000.00 248,000.00 248,000.00 1.150 1.150 242.22 0.00 0.00 242.22 654062JZ2 1266 101 NCOLET 248,000.00 248,000.00 248,000.00 1.400 1.400 294.88 0.00 0.00 294.88 Run Date: 12/07/2022 - 22:09 Portfolio CITY CP TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 4 August 1, 2022 - August 31, 2022 CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 020080BX4 1267 101 ALMABK 248,000.00 248,000.00 248,000.00 1.400 1.400 294.88 0.00 0.00 294.88 2027506M2 1268 101 CMWBUS 248,000.00 248,000.00 248,000.00 1.250 1.250 263.29 0.00 0.00 263.29 69506YRH4 1269 101 PACWST 245,000.00 245,000.00 245,000.00 1.300 1.300 270.51 0.00 0.00 270.51 08016PDQ9 1270 101 BELB&T 248,000.00 248,000.00 248,000.00 1.250 1.250 263.29 0.00 0.00 263.29 14042TDD6 1271 101 CAPONE 245,000.00 245,000.00 245,000.00 1.600 1.600 332.93 0.00 0.00 332.93 472382AQ3 1272 101 THEJEF 248,000.00 248,000.00 248,000.00 1.250 1.250 263.29 0.00 0.00 263.29 32027BALl 1273 101 1STFDM 249,000.00 249,000.00 249,000.00 1.200 1.200 253.78 0.00 0.00 253.78 32112UDR9 1274 101 1STMCG 248,000.00 248,000.00 248,000.00 1.350 1.350 284.35 0.00 0.00 284.35 33847E3A3 1276 101 FLGSTR 248,000.00 248,000.00 248,000.00 1.250 1.250 263.29 0.00 0.00 263.29 95960NKD8 1277 101 WSTRNS 245,000.00 245,000.00 245,000.00 1.000 1.000 208.08 0.00 0.00 208.08 32056GDJ6 1278 101 1STINT 248,000.00 248,000.00 248,000.00 1.000 1.000 210.63 0.00 0.00 210.63 3134GVYG7 1279 101 FHLMC 1,000,000.00 1,000,000.00 1,000,000.00 0.625 0.613 520.83 0.00 0.00 520.83 3133ELH23 1280 101 FFCB 500,000.00 499,850.00 499,850.00 0.500 0.491 208.33 0.00 0.00 208.33 3130AJKW8 1281 101 FHLB 500,000.00 499,850.00 499,850.00 0.500 0.491 208.34 0.00 0.00 208.34 3133ELH80 1282 101 FFCB 500,000.00 500,000.00 500,000.00 0.680 0.667 283.33 0.00 0.00 283.33 3130AJRP6 1283 101 FHLB 300,000.00 300,000.00 300,000.00 0.680 0.667 170.00 0.00 0.00 170.00 169894AS1 1284 101 CHIPVA 248,000.00 248,000.00 248,000.00 0.600 0.600 126.38 0.00 0.00 126.38 02616AAH2 1285 101 AMR1ST 248,000.00 248,000.00 248,000.00 0.350 0.350 73.72 0.00 0.00 73.72 84223QAN7 1286 101 STHRNB 248,000.00 248,000.00 248,000.00 0.500 0.500 105.32 0.00 0.00 105.32 064520BG3 1287 101 BKPRNC 248,000.00 248,000.00 248,000.00 0.500 0.500 105.32 0.00 0.00 105.32 3135G05S8 1288 101 FNMA 500,000.00 500,000.00 500,000.00 0.500 0.491 208.34 0.00 0.00 208.34 3136G4N74 1289 101 FNMA 1,000,000.00 1,000,000.00 1,000,000.00 0.560 0.549 466.67 0.00 0.00 466.67 3136G4M75 1290 101 FNMA 500,000.00 499,750.00 499,750.00 0.520 0.510 216.67 0.00 0.00 216.67 3135G06E8 1291 101 FNMA 500,000.00 499,250.00 499,250.00 0.420 0.413 175.00 0.00 0.00 175.00 3135GA2Z3 1292 101 FNMA 500,000.00 499,250.00 499,250.00 0.560 0.550 233.33 0.00 0.00 233.33 SYS1293 1293 101 BNY 5,796,058.77 2,337,762.00 5,796,058.77 0.00 0.00 0.00 0.00 3137EAEU9 1297 101 FHLMC 1,000,000.00 997,300.00 997,300.00 0.375 0.369 312.50 0.00 0.00 312.50 3130AKFA9 1298 101 FHLB 500,000.00 497,400.00 497,400.00 0.375 0.370 156.25 0.00 0.00 156.25 3135GA7D7 1299 101 FNMA 500,000.00 500,000.00 500,000.00 0.600 0.589 250.00 0.00 0.00 250.00 3135GAAW1 1300 101 FNMA 500,000.00 500,000.00 500,000.00 0.400 0.392 166.67 0.00 0.00 166.67 3134GXGZ1 1301 101 FHLMC 500,000.00 500,000.00 500,000.00 0.550 0.540 229.16 0.00 0.00 229.16 3130AKMZ6 1302 101 FHLB 500,000.00 500,000.00 500,000.00 0.510 0.500 212.50 0.00 0.00 212.50 91282CBC4 1303 101 USTR 500,000.00 498,632.81 498,632.81 0.375 0.373 157.95 0.00 0.00 157.95 3130AKN28 1304 101 FHLB 500,000.00 500,000.00 500,000.00 0.550 0.540 229.16 0.00 0.00 229.16 51507LCC6 1305 101 LNDMRK 248,000.00 248,000.00 248,000.00 0.500 0.500 105.32 0.00 0.00 105.32 87270LDL4 1306 101 EVRBA 245,000.00 245,000.00 245,000.00 0.500 0.500 104.04 0.00 0.00 104.04 3137EAEX3 1307 101 FHLMC 500,000.00 495,999.50 495,999.50 0.375 0.371 156.25 0.00 0.00 156.25 Run Date: 12/07/2022 - 22:09 Portfolio CITY CP TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 5 August 1, 2022 - August 31, 2022 CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 45950VPS9 1308 101 IFC 500,000.00 497,300.00 497,300.00 0.500 0.505 213.41 0.00 0.00 213.41 91282CBH3 1309 101 USTR 500,000.00 495,100.00 495,100.00 0.375 0.376 157.94 0.00 0.00 157.94 3137EAEX3 1310 101 FHLMC 1,000,000.00 983,940.00 983,940.00 0.375 0.374 312.50 0.00 0.00 312.50 91282CAT8 1311 101 USTR 1,000,000.00 977,500.00 977,500.00 0.250 0.254 210.60 0.00 0.00 210.60 3130ALV92 1312 101 FHLB 500,000.00 500,000.00 500,000.00 1.050 1.030 437.50 0.00 0.00 437.50 39573LBC1 1313 101 GRNST 249,000.00 249,000.00 249,000.00 0.950 0.950 200.91 0.00 0.00 200.91 89235MKY6 1314 101 TOYFSB 245,000.00 245,000.00 245,000.00 0.900 0.900 187.27 0.00 0.00 187.27 91282CAZ4 1315 101 USTR 500,000.00 492,187.50 492,187.50 0.375 0.380 158.81 0.00 0.00 158.81 14622LAA0 1316 101 CARTER 248,000.00 248,000.00 248,000.00 0.750 0.750 157.97 0.00 0.00 157.97 31617CAV5 1317 101 FIDHMS 248,000.00 248,000.00 248,000.00 0.700 0.700 147.44 0.00 0.00 147.44 SYS1318 1318 101 DPME 649,117.42 613,712.88 649,117.42 0.00 0.00 0.00 0.00 91282CBQ3 1319 101 USTR 500,000.00 494,165.00 494,165.00 0.500 0.502 210.71 0.00 0.00 210.71 91282CBT7 1320 101 USTR 500,000.00 499,525.00 499,525.00 0.750 0.749 317.62 0.00 0.00 317.62 91282CCF6 1321 101 USTR 1,000,000.00 997,060.00 997,060.00 0.750 0.750 635.25 0.00 0.00 635.25 91282CBT7 1322 101 USTR 500,000.00 498,450.00 498,450.00 0.750 0.750 317.62 0.00 0.00 317.62 91282CCF6 1323 101 USTR 500,000.00 497,095.00 497,095.00 0.750 0.752 317.62 0.00 0.00 317.62 3130AMFS6 1324 101 FHLB 1,000,000.00 993,420.00 993,420.00 0.750 0.741 625.00 0.00 0.00 625.00 92559TAJ7 1325 101 VIBRNT 249,000.00 248,377.50 248,377.50 0.800 0.802 169.18 0.00 0.00 169.18 38149MXK4 1326 101 GLDMAN 248,000.00 248,000.00 248,000.00 1.000 1.000 210.63 0.00 0.00 210.63 795451AFO 1327 101 SALMAE 248,000.00 248,000.00 248,000.00 1.000 1.000 210.63 0.00 0.00 210.63 89388CEY0 1328 101 TABBK 248,000.00 248,000.00 248,000.00 0.400 0.400 84.25 0.00 0.00 84.25 06417NZQ9 1329 101 BKOZK 248,000.00 248,000.00 248,000.00 0.400 0.400 84.25 0.00 0.00 84.25 3133EM2C5 1330 101 FFCB 500,000.00 498,000.00 498,000.00 0.710 0.699 295.83 0.00 0.00 295.83 70962LAF9 1331 101 PENTGN 249,000.00 249,000.00 249,000.00 0.700 0.700 148.04 0.00 0.00 148.04 87165ET98 1332 101 SYNCHR 245,000.00 245,000.00 245,000.00 0.900 0.900 187.28 0.00 0.00 187.28 05580AD50 1333 101 BMW 245,000.00 245,000.00 245,000.00 0.650 0.650 135.25 0.00 0.00 135.25 20786ADL6 1334 101 CONNEC 248,000.00 248,000.00 248,000.00 0.800 0.800 168.50 0.00 0.00 168.50 91282CCP4 1335 101 USTR 1,000,000.00 983,750.00 983,750.00 0.625 0.630 526.50 0.00 0.00 526.50 91282CCW9 1336 101 USTR 1,000,000.00 988,500.00 988,500.00 0.750 0.753 632.13 0.00 0.00 632.13 3130APBM6 1337 101 FHLB 1,000,000.00 999,000.00 999,000.00 1.000 0.982 833.33 0.00 0.00 833.33 3133EM4X7 1338 101 FFCB 1,000,000.00 991,080.00 991,080.00 0.800 0.792 666.67 0.00 0.00 666.67 3130APB46 1339 101 FHLB 1,000,000.00 998,250.00 998,250.00 0.950 0.934 791.67 0.00 0.00 791.67 3133EMX64 1340 101 FFCB 500,000.00 499,002.04 499,002.04 0.170 0.167 70.84 0.00 0.00 70.84 91282CCN9 1341 101 USTR 500,000.00 497,792.97 497,792.97 0.125 0.125 52.65 0.00 0.00 52.65 91282CBE0 1342 101 USTR 1,000,000.00 991,000.00 991,000.00 0.125 0.125 105.30 0.00 0.00 105.30 91282CDB4 1343 101 USTR 1,000,000.00 996,320.00 996,320.00 0.625 0.626 529.37 0.00 0.00 529.37 3133ENCQ1 1344 101 FFCB 1,000,000.00 1,000,000.00 1,000,000.00 1.270 1.246 1,058.34 0.00 0.00 1,058.34 Run Date: 12/07/2022 - 22:09 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 6 August 1, 2022 - August 31, 2022 CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 59013KPN0 1345 101 MRRCK 249,000.00 249,000.00 249,000.00 1.100 1.100 232.63 0.00 0.00 232.63 14042RQB0 1346 101 CANNA 248,000.00 248,000.00 248,000.00 1.100 1.100 231.69 0.00 0.00 231.69 3130APTV7 1347 101 FHLB 500,000.00 499,500.00 499,500.00 0.700 0.688 291.67 0.00 0.00 291.67 3133ENBT6 1348 101 FFCB 1,000,000.00 998,530.00 998,530.00 0.180 0.177 150.00 0.00 0.00 150.00 91282CBU4 1349 101 USTR 1,000,000.00 996,718.75 996,718.75 0.125 0.125 105.88 0.00 0.00 105.88 91282CCD1 1350 101 USTR 1,000,000.00 995,468.75 995,468.75 0.125 0.125 105.87 0.00 0.00 105.87 91282CBA8 1351 101 USTR 1,000,000.00 990,000.00 990,000.00 0.125 0.126 105.87 0.00 0.00 105.87 91282CBR1 1352 101 USTR 1,000,000.00 989,800.00 989,800.00 0.250 0.251 210.60 0.00 0.00 210.60 3130AP21.18 1353 101 FHLB 1,000,000.00 987,100.00 987,100.00 0.550 0.547 458.33 0.00 0.00 458.33 3135G06G3 1354 101 FNMA 1,000,000.00 976,300.00 976,300.00 0.500 0.502 416.66 0.00 0.00 416.66 3133ENGN4 1355 101 FFCB 1,000,000.00 1,000,000.00 1,000,000.00 0.970 0.952 808.33 0.00 0.00 808.33 501798RP9 1356 101 LCA 248,000.00 248,000.00 248,000.00 1.000 1.000 210.63 0.00 0.00 210.63 20825WAR1 1357 101 CNNXS 249,000.00 249,000.00 249,000.00 1.250 1.250 264.35 0.00 0.00 264.35 3130AQF65 1358 101 FHLB 1,000,000.00 999,750.00 999,750.00 1.250 1.227 1,041.67 0.00 0.00 1,041.67 3134GW6C5 1359 101 FHLMC 500,000.00 486,000.00 486,000.00 0.800 0.808 333.34 0.00 0.00 333.34 91282CBV2 1360 101 USTR 500,000.00 494,882.81 494,882.81 0.375 0.378 158.81 0.00 0.00 158.81 3137EAEU9 1361 101 FHLMC 500,000.00 487,090.00 487,090.00 0.375 0.378 156.25 0.00 0.00 156.25 3134GW5R3 1362 101 FHLMC 400,000.00 391,360.00 391,360.00 0.650 0.652 216.67 0.00 0.00 216.67 307811DF3 1363 101 FARMER 249,000.00 249,000.00 249,000.00 0.900 0.900 190.33 0.00 0.00 190.33 3130AQJR5 1364 101 FHLB 1,000,000.00 1,000,000.00 1,000,000.00 1.500 1.472 1,250.00 0.00 0.00 1,250.00 3135G031.15 1365 101 FNMA 500,000.00 487,790.00 487,790.00 0.625 0.629 260.41 0.00 0.00 260.41 3134GWUQ7 1366 101 FHLMC 1,000,000.00 945,570.00 945,570.00 0.700 0.726 583.33 0.00 0.00 583.33 3130AQSA2 1367 101 FHLB 1,000,000.00 1,000,000.00 1,000,000.00 1.830 1.796 1,525.00 0.00 0.00 1,525.00 89786MAF1 1368 101 TRUSKY 245,000.00 245,000.00 245,000.00 1.600 1.600 332.93 0.00 0.00 332.93 912828Z78 1369 101 USTR 1,000,000.00 986,700.00 986,700.00 1.500 1.508 1,263.59 0.00 0.00 1,263.59 07371AYE7 1370 101 BEALTX 245,000.00 245,000.00 245,000.00 1.900 1.900 395.36 0.00 0.00 395.36 073710E88 1371 101 BEALUS 245,000.00 245,000.00 245,000.00 1.900 1.900 395.36 0.00 0.00 395.36 02357QAQ0 1372 101 AMRNT 245,000.00 245,000.00 245,000.00 1.600 1.600 332.94 0.00 0.00 332.94 59161YAP1 1373 101 METRO 249,000.00 249,000.00 249,000.00 1.700 1.700 359.52 0.00 0.00 359.52 3130AQWY5 1374 101 FHLB 1,000,000.00 1,000,000.00 1,000,000.00 1.700 1.668 1,416.67 0.00 0.00 1,416.67 27004PCM3 1375 101 EGLMRK 245,000.00 245,000.00 245,000.00 2.000 2.000 416.17 0.00 0.00 416.17 64034KAZ4 1376 101 NELNET 245,000.00 245,000.00 245,000.00 1.800 1.800 374.55 0.00 0.00 374.55 24773RCR4 1377 101 DELTA 245,000.00 245,000.00 245,000.00 2.000 2.000 416.16 0.00 0.00 416.16 91139LAB2 1378 101 URSVLT 248,000.00 248,000.00 248,000.00 1.900 1.900 400.20 0.00 0.00 400.20 565819AG4 1379 101 MRTHON 248,000.00 248,000.00 248,000.00 1.800 1.800 379.13 0.00 0.00 379.13 91282CCW9 1380 101 USTR 500,000.00 466,454.17 466,454.17 0.750 0.798 316.07 0.00 0.00 316.07 91282CDG3 1381 101 USTR 500,000.00 473,396.82 473,396.82 1.125 1.179 473.84 0.00 0.00 473.84 Run Date: 12/07/2022 - 22:09 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 7 August 1, 2022 - August 31, 2022 CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 91282CBQ3 1382 101 USTR 750,000.00 698,025.00 698,025.00 0.500 0.533 316.07 0.00 0.00 316.07 9128286S4 1383 101 USTR 1,000,000.00 999,010.00 999,010.00 2.375 2.358 2,000.68 0.00 0.00 2,000.68 50625LAW3 1384 101 LFYTT 248,000.00 248,000.00 248,000.00 2.050 2.050 431.79 0.00 0.00 431.79 3130ARGJ4 1385 101 FHLB 500,000.00 500,000.00 500,000.00 2.500 2.453 1,041.66 0.00 0.00 1,041.66 20033A3A2 1386 101 CCBA 248,000.00 248,000.00 248,000.00 2.650 2.650 558.17 0.00 0.00 558.17 3130ARGY1 1387 101 FHLB 1,000,000.00 1,000,000.00 1,000,000.00 2.700 2.649 2,250.00 0.00 0.00 2,250.00 02007GPX5 1388 101 ALLY 245,000.00 245,000.00 245,000.00 2.550 2.550 530.61 0.00 0.00 530.61 52168UHY1 1389 101 LEADR 245,000.00 245,000.00 245,000.00 2.550 2.550 530.61 0.00 0.00 530.61 9128283DO 1390 101 USTR 1,000,000.00 985,190.00 985,190.00 2.250 2.265 1,895.38 0.00 0.00 1,895.38 91282CEF4 1391 101 USTR 1,000,000.00 976,860.00 976,860.00 2.500 2.552 2,117.49 0.00 0.00 2,117.49 254673E69 1392 101 DISCOV 245,000.00 245,000.00 245,000.00 3.100 3.100 645.05 0.00 0.00 645.05 91282CAR2 1393 101 USTR 4,000,000.00 3,979,880.00 3,979,880.00 0.125 0.125 421.19 0.00 0.00 421.19 91282CBD2 1394 101 USTR 2,000,000.00 1,982,265.63 1,982,265.63 0.125 0.125 210.60 0.00 0.00 210.60 91282CAN1 1395 101 USTR 4,000,000.00 3,985,625.00 3,985,625.00 0.125 0.125 423.50 0.00 0.00 423.50 48115LAD6 1396 101 JOVIA 248,000.00 248,000.00 248,000.00 2.500 2.500 526.58 0.00 0.00 526.58 912828X88 1397 101 USTR 1,000,000.00 969,687.50 969,687.50 2.375 2.429 2,000.68 0.00 0.00 2,000.68 91282CEN7 1398 101 USTR 500,000.00 495,000.00 495,000.00 2.750 2.755 1,158.29 0.00 0.00 1,158.29 91282CET4 1399 101 USTR 500,000.00 491,842.18 491,842.18 2.625 2.661 1,111.68 0.00 0.00 1,111.68 9128282U3 1400 101 USTR 500,000.00 490,850.00 490,850.00 1.875 1.895 790.17 0.00 0.00 790.17 3133ENYH7 1401 101 FFCB 500,000.00 499,080.00 499,080.00 2.625 2.580 1,093.75 0.00 0.00 1,093.75 91282CBD2 1402 101 USTR 3,000,000.00 2,972,578.13 2,972,578.13 0.125 0.125 315.89 0.00 0.00 315.89 91282CAX9 1403 101 USTR 4,000,000.00 3,972,031.25 3,972,031.25 0.125 0.126 423.50 0.00 0.00 423.50 91282CAN1 1404 101 USTR 2,000,000.00 1,992,780.00 1,992,780.00 0.125 0.125 211.75 0.00 0.00 211.75 91282CAG6 1405 101 USTR 0.00 4,988,450.00 0.00 0.125 2.941 509.51 0.00 11,550.00 12,059.51 91282CAR2 1406 101 USTR 2,000,000.00 1,989,440.00 1,989,440.00 0.125 0.125 210.60 0.00 0.00 210.60 912828N30 1407 101 USTR 2,000,000.00 1,996,240.00 1,996,240.00 2.125 2.112 3,580.17 0.00 0.00 3,580.17 912828M80 1408 101 USTR 3,000,000.00 2,996,670.00 2,996,670.00 2.000 1.997 5,081.97 0.00 0.00 5,081.97 3130ASDV8 1409 101 FHLB 300,000.00 300,000.00 300,000.00 3.300 3.238 825.00 0.00 0.00 825.00 9128283C2 1410 101 USTR 2,000,000.00 1,999,940.00 1,999,940.00 2.000 1.984 3,369.56 0.00 0.00 3,369.56 91282CAN1 1411 101 USTR 2,000,000.00 1,991,942.00 1,991,942.00 0.125 0.125 211.75 0.00 0.00 211.75 912828N30 1412 101 USTR 2,000,000.00 1,996,680.00 1,996,680.00 2.125 2.111 3,580.17 0.00 0.00 3,580.17 912828M80 1413 101 USTR 2,000,000.00 1,997,980.00 1,997,980.00 2.000 1.997 3,387.97 0.00 0.00 3,387.97 9128283C2 1414 101 USTR 1,000,000.00 999,977.00 999,977.00 2.000 1.984 1,684.78 0.00 0.00 1,684.78 89269FDP7 1415 101 TRADCP 246,000.00 246,000.00 246,000.00 3.000 3.000 626.79 0.00 0.00 626.79 91282CFB2 1417 101 USTR 1,000,000.00 0.00 989,460.00 2.750 2.757 1,270.38 0.00 0.00 1,270.38 912828XT2 1418 101 USTR 1,000,000.00 985,240.00 985,240.00 2.000 2.024 1,693.99 0.00 0.00 1,693.99 397417AQ9 1419 101 GRNWDS 248,000.00 248,000.00 248,000.00 3.050 3.050 642.42 0.00 0.00 642.42 Run Date: 12/07/2022 - 22:09 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 8 August 1, 2022 - August 31, 2022 Adjusted Interest Earnings Ending Beginning Ending Current Annualized Interest Amortization/ Realized Adjusted Interest CUSIP Investment # Fund Issuer Par Value Book Value Book Value Rate Yield Earned Accretion Gainl/Loss Earnings Fund: General Fund 88413QDN5 1420 101 3RD 245,000.00 0.00 245,000.00 3.300 3.300 287.96 0.00 0.00 287.96 02589ADH2 1421 101 AMEXNB 245,000.00 0.00 245,000.00 3.450 3.450 69.47 0.00 0.00 69.47 91282CFB2 1422 101 USTR 1,000,000.00 0.00 979,645.67 2.750 2.784 224.18 0.00 0.00 224.18 Subtotal 206,706,947.53 223,364,601.15 205,892,052.87 1.266 228,993.49 0.00 11,550.00 240,543.49 Fund: Fiscal Agent SYS1058 1058 231 USBANK 14,973,176.11 26.01 14,973,176.11 0.453 0.01 0.00 0.00 0.01 Subtotal 14,973,176.11 26.01 14,973,176.11 0.453 0.01 0.00 0.00 0.01 Fund: Housing Authority : WSA and LQ SYS1062 1062 241 LQPR 416,132.51 403,375.75 416,132.51 0.00 0.00 0.00 0.00 Subtotal 416,132.51 403,375.75 416,132.51 0.00 0.00 0.00 0.00 Fund: SA Low/Mod Bond Fund 25-33-005 1113 249 LAIF 2,018,767.39 2,018,767.39 2,018,767.39 1.276 1.350 2,315.25 0.00 0.00 2,315.25 Subtotal 2,018,767.39 2,018,767.39 2,018,767.39 1.350 2,315.25 0.00 0.00 2,315.25 Total 224,115,023.54 225,786,770.30 223,300,128.88 Run Date: 12/07/2022 - 22:09 1.265 231,308.75 0.00 11,550.00 242,858.75 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta t(V City of La Quinta OW f Portfolio Management -- GEM of the DESERT --- Portfolio Summary September 30, 2022 Par Market Book % of Days to YTM Investments Value value Value Portfolio Term Maturity 365 Equiv. Bank Accounts 4,839,849.83 4,839,849.83 4,839,849.83 2.35 1 1 0.000 Local Agency Investment Fund -City 28,728,722.48 28,308,807.15 28,728,722.48 13.95 1 1 1.513 Local Agency Invstmnt Fund -Housing 2,018,767.39 1,992,886.54 2,018,767.39 0.98 1 1 1.513 Money Market Accounts - CAMP 18,010,695.46 18,010,695.46 18,o10,695.46 8.74 1 1 2.610 Federal Agency Coupon Securities 39,750,000.00 36,386,736.00 39,536,729.09 19.19 1,615 1,089 1,317 Treasury Coupon Securities 62,250,000,00 60,024,590.00 61,656,358.10 29.93 700 511 1.978 Treasury Discount Notes 5,000,000.00 4,923,100.00 4,919,030.42 2.39 181 152 3.365 Certificate of Deposits 33,101,000.D0 31,430,853.63 33,100,377.50 16,07 1,666 788 1.982 Corporate Notes 1,900,000.00 1,826,566.00 1,857,560.00 0.90 1,578 449 2.287 Money Market with Fiscal Agent 4,603.25 4,603.25 4,603.25 0.00 1 1 0.000 CERBT- OPEBTrust 1,660,262.83 1,660,262.83 1,660,262.83 0.81 1 1 0.000 PARS Pension Trust 9,673,786.39 9,673,786.39 9,673,786.39 4.70 1 1 0.000 206,937,687.63 199,082,737.08 206,006,742.74 100.00% 806 496 1.718 Investments Total Earnings September 30 Month Ending Fiscal Year To Date Current Year 264,985.32 724,468.68 Average Daily Balance 222,696,962.10 221,823,176.73 Effective Rate of Return 1.45% 1.30% 1 certify that this report accurately reflects all pooled investments and is in compliance with the California Government Code and the City Investment Policy. As Treasurer of the City of La Quinta, I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months. The City of La Quinta used the monthly account statements issued b stitu ons to determine the fair market value of investments at month end. 12/8/22 Claudia Martinez, Finance Director/City Treasurer Reporting period 09/01/2022-09/30/2022 Run Date: 12/07/2022 - 21 43 Portfolio CITY CP PM (PRF_PM1) 7.3.0 Report Ver. 7.3.6.1 City of La Quinta Portfolio Management Page 1 Portfolio Details - Investments September 30, 2022 Average Purchase Stated Days to YTM Maturity CUSIP Investment # Issuer Balance Date Par Value Market Value Book Value Rate Term Maturity 365 Date Bank Accounts SYS1293 1293 Bank of New York 09/01/2020 579,272.74 579,272.74 579,272.74 1 1 0.000 059731851 1228 Bank of the West 08/20/2019 3,201,929.33 3,201,929.33 3,201,929.33 1 1 0.000 SYS1059 1059 City Petty Cash 07/01/2016 3,300.00 3,300.00 3,300.00 1 1 0.000 SYS1318 1318 Dune Palms Mobile Estates 03/09/2021 649,720.32 649,720.32 649,720.32 1 1 0.000 SYS1062 1062 La Quinta Palms Realty 07/01/2016 405,627.44 405,627.44 405,627.44 1 1 0.000 Subtotal and Average 7,189,628.84 4,839,849.83 4,839,849.83 4,839,849.83 1 1 0.000 Local Agency Investment Fund -City 98-33434 1055 Local Agency Inv Fund 28,728,722.48 28,308,807.15 28,728,722.48 1.513 1 1 1.513 Subtotal and Average 28,728,722.48 28,728,722.48 28,308,807.15 28,728,722.48 1 1 1.513 Local Agency Invstmnt Fund -Housing 25-33-005 1113 Local Agency Inv Fund 2,018,767.39 1,992,886.54 2,018,767.39 1.513 1 1 1.513 Subtotal and Average 2,018,767.39 2,018,767.39 1,992,886.54 2,018,767.39 1 1 1.513 Money Market Accounts - CAMP SYS1153 1153 California Asset Management Pr 09/26/2018 18,010,695.46 18,010,695.46 18,010,695.46 2.610 1 1 2.610 Subtotal and Average 17,973,375.21 18,010,695.46 18,010,695.46 18,010,695.46 1 1 2.610 Federal Agency Coupon Securities 3133EKQP4 1198 Federal Farm Credit Bank 06/20/2019 500,000.00 498,795.00 499,500.00 1.875 1,271 72 1.905 12/12/2022 3133ENBT6 1348 Federal Farm Credit Bank 12/07/2021 1,000,000.00 989,840.00 998,530.00 0.180 414 116 0.310 01/25/2023 3133EMX64 1340 Federal Farm Credit Bank 10/22/2021 500,000.00 489,290.00 499,002.04 0.170 553 209 0.302 04/28/2023 3133EKZK5 1223 Federal Farm Credit Bank 09/12/2019 500,000.00 488,415.00 499,400.00 1.600 1,432 317 1.632 08/14/2023 3133EJYL7 1158 Federal Farm Credit Bank 10/15/2018 250,000.00 246,655.00 247,275.00 2.800 1,786 339 3.041 09/05/2023 3133EK4X1 1234 Federal Farm Credit Bank 11/01/2019 1,000,000.00 971,280.00 996,900.00 1.600 1,461 396 1.680 11/01/2023 3130AFW94 1177 Federal Home Loan Bank 03/01/2019 500,000.00 488,740.00 498,550.00 2.500 1,810 500 2.563 02/13/2024 3133ELNEO 1246 Federal Farm Credit Bank 02/14/2020 1,000,000.00 962,060.00 999,000.00 1.430 1,461 501 1.456 02/14/2024 3133ENYH7 1401 Federal Farm Credit Bank 06/10/2022 500,000.00 486,655.00 499,080.00 2.625 731 618 2.720 06/10/2024 3135GOV75 1206 Federal National Mtg Assn 07/15/2019 500,000.00 478,845.00 495,950.00 1.750 1,814 640 1.922 07/02/2024 3133EKWV4 1212 Federal Farm Credit Bank 08/02/2019 500,000.00 477,935.00 499,500.00 1.850 1,820 664 1.871 07/26/2024 3133EKP75 1224 Federal Farm Credit Bank 09/17/2019 500,000.00 475,770.00 498,750.00 1.600 1,827 717 1.652 09/17/2024 3133ELEA8 1242 Federal Farm Credit Bank 12/17/2019 1,000,000.00 953,360.00 998,600.00 1.700 1,736 717 1.731 09/17/2024 3135GO6E8 1291 Federal National Mtg Assn 11/18/2020 500,000.00 458,740.00 499,250.00 0.420 1,461 779 0.458 11/18/2024 3133ENGN4 1355 Federal Farm Credit Bank 12/09/2021 1,000,000.00 926,650.00 1,000,000.00 0.970 1,096 800 0.970 12/09/2024 Portfolio CITY CP Run Date: 12/07/2022 - 21:43 PM (PRF_PM2) 7.3.0 Report Ver. 7.3.6.1 City of La Quinta Portfolio Management Portfolio Details - Investments September 30, 2022 Page 2 CUSIP Investment # Average Issuer Balance Purchase Date Par Value Market Value Book Value Stated Rate Term Days to Maturity YTM 365 Maturity Date Federal Agency Coupon Securities 3135GAAW1 1300 Federal National Mtg Assn 12/30/2020 500,000.00 456,405.00 500,000.00 0.400 1,461 821 0.400 12/30/2024 3130AP21-18 1353 Federal Home Loan Bank 12/07/2021 1,000,000.00 914,210.00 987,100.00 0.550 1,127 829 0.976 01/07/2025 3130AQWY5 1374 Federal Home Loan Bank 02/25/2022 1,000,000.00 935,130.00 1,000,000.00 1.700 1,095 877 1.700 02/24/2025 3135G031-15 1365 Federal National Mtg Assn 01/28/2022 500,000.00 455,705.00 487,790.00 0.625 1,180 934 1.400 04/22/2025 3134GVYG7 1279 Federal Home Loan Mtg Corp 05/27/2020 1,000,000.00 909,650.00 1,000,000.00 0.625 1,826 969 0.625 05/27/2025 3133ELH23 1280 Federal Farm Credit Bank 06/09/2020 500,000.00 452,855.00 499,850.00 0.500 1,826 982 0.506 06/09/2025 3133ELH80 1282 Federal Farm Credit Bank 06/10/2020 500,000.00 451,840.00 500,000.00 0.680 1,826 983 0.680 06/10/2025 3130AJKW8 1281 Federal Home Loan Bank 06/03/2020 500,000.00 452,990.00 499,850.00 0.500 1,836 986 0.506 06/13/2025 3130AJRP6 1283 Federal Home Loan Bank 06/30/2020 300,000.00 270,186.00 300,000.00 0.680 1,826 1,003 0.680 06/30/2025 3137EAEU9 1297 Federal Home Loan Mtg Corp 12/07/2020 1,000,000.00 897,290.00 997,300.00 0.375 1,687 1,024 0.434 07/21/2025 3137EAEU9 1361 Federal Home Loan Mtg Corp 01/05/2022 500,000.00 448,645.00 487,090.00 0.375 1,293 1,024 1.120 07/21/2025 3135G05S8 1288 Federal National Mtg Assn 08/14/2020 500,000.00 446,425.00 500,000.00 0.500 1,826 1,048 0.500 08/14/2025 3136G4M75 1290 Federal National Mtg Assn 08/28/2020 500,000.00 449,155.00 499,750.00 0.520 1,816 1,052 0.530 08/18/2025 3136G4N74 1289 Federal National Mtg Assn 08/21/2020 1,000,000.00 895,990.00 1,000,000.00 0.560 1,826 1,055 0.560 08/21/2025 3137EAEX3 1307 Federal Home Loan Mtg Corp 02/23/2021 500,000.00 446,260.00 495,999.50 0.375 1,673 1,088 0.552 09/23/2025 3137EAEX3 1310 Federal Home Loan Mtg Corp 03/30/2021 1,000,000.00 892,520.00 983,940.00 0.375 1,638 1,088 0.740 09/23/2025 3130ARGJ4 1385 Federal Home Loan Bank 04/14/2022 500,000.00 470,955.00 500,000.00 2.500 1,279 1,109 2.500 10/14/2025 3134GW5R3 1362 Federal Home Loan Mtg Corp 01/05/2022 400,000.00 356,100.00 391,360.00 0.650 1,391 1,122 1.232 10/27/2025 3135G06G3 1354 Federal National Mtg Assn 12/07/2021 1,000,000.00 890,690.00 976,300.00 0.500 1,431 1,133 1.120 11/07/2025 3135GA2Z3 1292 Federal National Mtg Assn 11/17/2020 500,000.00 442,985.00 499,250.00 0.560 1,826 1,143 0.590 11/17/2025 3130AKFA9 1298 Federal Home Loan Bank 12/07/2020 500,000.00 442,720.00 497,400.00 0.375 1,831 1,168 0.480 12/12/2025 3135GA7D7 1299 Federal National Mtg Assn 12/23/2020 500,000.00 442,020.00 500,000.00 0.600 1,826 1,179 0.600 12/23/2025 3134GXGZ1 1301 Federal Home Loan Mtg Corp 12/30/2020 500,000.00 443,920.00 500,000.00 0.550 1,826 1,186 0.550 12/30/2025 3130AKMZ6 1302 Federal Home Loan Bank 01/14/2021 500,000.00 438,995.00 500,000.00 0.510 1,826 1,201 0.510 01/14/2026 313OAKN28 1304 Federal Home Loan Bank 01/29/2021 500,000.00 438,960.00 500,000.00 0.550 1,826 1,216 0.550 01/29/2026 3130ALV92 1312 Federal Home Loan Bank 03/30/2021 500,000.00 448,875.00 500,000.00 1.050 1,826 1,276 0.938 03/30/2026 3130AMFS6 1324 Federal Home Loan Bank 06/17/2021 1,000,000.00 882,490.00 993,420.00 0.750 1,821 1,350 0.885 06/12/2026 3133EM2C5 1330 Federal Farm Credit Bank 08/10/2021 500,000.00 434,490.00 498,000.00 0.710 1,826 1,409 0.792 08/10/2026 3133EM4X7 1338 Federal Farm Credit Bank 09/28/2021 1,000,000.00 874,840.00 991,080.00 0.800 1,808 1,440 0.985 09/10/2026 3130APBM6 1337 Federal Home Loan Bank 09/30/2021 1,000,000.00 873,770.00 999,000.00 1.000 1,826 1,460 1.021 09/30/2026 3130APB46 1339 Federal Home Loan Bank 10/13/2021 1,000,000.00 871,010.00 998,250.00 0.950 1,826 1,473 0.986 10/13/2026 3134GW6C5 1359 Federal Home Loan Mtg Corp 01/05/2022 500,000.00 433,640.00 486,000.00 0.800 1,757 1,488 1.403 10/28/2026 3133ENCQ1 1344 Federal Farm Credit Bank 11/02/2021 1,000,000.00 882,760.00 1,000,000.00 1.270 1,826 1,493 1.270 11/02/2026 3130APTV7 1347 Federal Home Loan Bank 11/24/2021 500,000.00 446,405.00 499,500.00 0.700 1,826 1,515 1.489 11/24/2026 313OAQF65 1358 Federal Home Loan Bank 12/22/2021 1,000,000.00 891,450.00 999,750.00 1.250 1,825 1,542 1.255 12/21/2026 3134GWUQ7 1366 Federal Home Loan Mtg Corp 02/10/2022 1,000,000.00 856,380.00 945,570.00 0.700 1,784 1,551 1.870 12/30/2026 Portfolio CITY CP Run Date: 12/07/2022 - 21:43 PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Portfolio Details - Investments September 30, 2022 Page 3 CUSIP Investment # Average Issuer Balance Purchase Date Par Value Market Value Book Value Stated Rate Days to Term Maturity YTM Maturity 365 Date Federal Agency Coupon Securities 3130AQJR5 1364 Federal Home Loan Bank 01/27/2022 1,000,000.00 883,990.00 1,000,000.00 1.500 1,826 1,579 1.500 01/27/2027 3130AQSA2 1367 Federal Home Loan Bank 02/10/2022 1,000,000.00 898,320.00 1,000,000.00 1.830 1,826 1,593 1.830 02/10/2027 3130ARGY1 1387 Federal Home Loan Bank 04/19/2022 1,000,000.00 926,090.00 1,000,000.00 2.700 1,826 1,661 2.700 04/19/2027 3130ASDV8 1409 Federal Home Loan Bank 06/28/2022 300,000.00 283,305.00 300,000.00 3.300 1,826 1,731 3.300 06/28/2027 3133ENL99 1426 Federal Farm Credit Bank 09/15/2022 1,000,000.00 966,890.00 997,492.55 3.375 1,826 1,810 3.430 09/15/2027 3133ENQ29 1433 Federal Farm Credit Bank 09/30/2022 1,000,000.00 996,400.00 996,400.00 4.000 1,825 1,824 4.080 09/29/2027 Subtotal and Average 39,205,998.77 39,750,000.00 36,386,736.00 39,536,729.09 1,615 1,089 1.317 Treasury Coupon Securities 91282CAR2 1393 U.S. Treasury 06/06/2022 4,000,000.00 3,991,960.00 3,979,880.00 0.125 147 30 1.391 10/31/2022 91282CAR2 1406 U.S. Treasury 06/13/2022 2,000,000.00 1,995,980.00 1,989,440.00 0.125 140 30 1.521 10/31/2022 9128283C2 1410 U.S. Treasury 06/29/2022 2,000,000.00 1,998,780.00 1,999,940.00 2.000 124 30 2.002 10/31/2022 9128283C2 1414 U.S. Treasury 06/30/2022 1,000,000.00 999,390.00 999,977.00 2.000 123 30 2.000 10/31/2022 91282CAX9 1403 U.S. Treasury 06/13/2022 4,000,000.00 3,980,640.00 3,972,031.25 0.125 170 60 1.642 11/30/2022 912828M80 1408 U.S. Treasury 06/28/2022 3,000,000.00 2,994,270.00 2,996,670.00 2.000 155 60 2.261 11/30/2022 912828M80 1413 U.S. Treasury 06/30/2022 2,000,000.00 1,996,180.00 1,997,980.00 2.000 153 60 2.240 11/30/2022 91282CBD2 1394 U.S. Treasury 06/06/2022 2,000,000.00 1,983,700.00 1,982,265.63 0.125 208 91 1.705 12/31/2022 91282CBD2 1402 U.S. Treasury 06/13/2022 3,000,000.00 2,975,550.00 2,972,578.13 0.125 201 91 1.812 12/31/2022 912828N30 1407 U.S. Treasury 06/28/2022 2,000,000.00 1,993,220.00 1,996,240.00 2.125 186 91 2.501 12/31/2022 912828N30 1412 U.S. Treasury 06/30/2022 2,000,000.00 1,993,220.00 1,996,680.00 2.125 184 91 2.461 12/31/2022 9128283U2 1428 U.S. Treasury 09/30/2022 3,000,000.00 2,986,860.00 2,988,390.00 2.375 123 122 3.533 01/31/2023 91282CBNO 1432 U.S. Treasury 09/30/2022 3,000,000.00 2,955,810.00 2,956,788.66 0.125 151 150 3.630 02/28/2023 91282CBU4 1349 U.S. Treasury 12/07/2021 1,000,000.00 981,680.00 996,718.75 0.125 479 181 0.376 03/31/2023 912828Q29 1431 U.S. Treasury 09/30/2022 2,000,000.00 1,976,480.00 1,977,200.00 1.500 182 181 3.824 03/31/2023 91282CCD1 1350 U.S. Treasury 12/07/2021 1,000,000.00 973,950.00 995,468.75 0.125 540 242 0.432 05/31/2023 91282CCN9 1341 U.S. Treasury 10/22/2021 500,000.00 483,495.00 497,792.97 0.125 647 303 0.375 07/31/2023 912828T26 1217 U.S. Treasury 08/21/2019 500,000.00 485,840.00 499,300.00 1.375 1,501 364 1.410 09/30/2023 91282CBA8 1351 U.S. Treasury 12/07/2021 1,000,000.00 951,760.00 990,000.00 0.125 738 440 0.623 12/15/2023 91282CBEO 1342 U.S. Treasury 10/22/2021 1,000,000.00 947,970.00 991,000.00 0.125 815 471 0.531 01/15/2024 91282CBR1 1352 U.S. Treasury 12/07/2021 1,000,000.00 943,200.00 989,800.00 0.250 829 531 0.704 03/15/2024 91282CBV2 1360 U.S. Treasury 01/05/2022 500,000.00 470,920.00 494,882.81 0.375 831 562 0.830 04/15/2024 912828XT2 1418 U.S. Treasury 05/04/2022 1,000,000.00 963,360.00 985,240.00 2.000 758 608 2.736 05/31/2024 9128282U3 1400 U.S. Treasury 06/09/2022 500,000.00 478,280.00 490,850.00 1.875 814 700 2.727 08/31/2024 91282CDB4 1343 U.S. Treasury 10/22/2021 1,000,000.00 929,920.00 996,320.00 0.625 1,089 745 0.750 10/15/2024 9128283DO 1390 U.S. Treasury 05/03/2022 1,000,000.00 960,630.00 985,190.00 2.250 912 761 2.870 10/31/2024 Portfolio CITY CID Run Date: 12/07/2022 - 21:43 PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Portfolio Details - Investments September 30, 2022 Page 4 Average Purchase Stated Days to YTM Maturity CUSIP Investment # Issuer Balance Date Par Value Market Value Book Value Rate Term Maturity 365 Date Treasury Coupon Securities 912828YV6 1241 U.S. Treasury 12/16/2019 1,000,000.00 943,710.00 989,687.50 1.500 1,811 791 1.718 11/30/2024 91282CAT8 1311 U.S. Treasury 03/30/2021 1,000,000.00 885,740.00 977,500.00 0.250 1,676 1,126 0.750 10/31/2025 91282CAZ4 1315 U.S. Treasury 04/22/2021 500,000.00 443,380.00 492,187.50 0.375 1,683 1,156 0.720 11/30/2025 91282CBC4 1303 U.S. Treasury 01/07/2021 500,000.00 442,205.00 498,632.81 0.375 1,819 1,187 0.431 12/31/2025 91282CBH3 1309 U.S. Treasury 02/23/2021 500,000.00 440,470.00 495,100.00 0.375 1,803 1,218 0.577 01/31/2026 91282CBQ3 1319 U.S. Treasury 05/28/2021 500,000.00 441,270.00 494,165.00 0.500 1,737 1,246 0.750 02/28/2026 91282CBQ3 1382 U.S. Treasury 03/23/2022 750,000.00 661,905.00 698,025.00 0.500 1,438 1,246 2.353 02/28/2026 91282CBT7 1320 U.S. Treasury 05/28/2021 500,000.00 444,045.00 499,525.00 0.750 1,768 1,277 0.770 03/31/2026 91282CBT7 1322 U.S. Treasury 06/17/2021 500,000.00 444,045.00 498,450.00 0.750 1,748 1,277 0.816 03/31/2026 9128286S4 1383 U.S. Treasury 03/23/2022 1,000,000.00 940,200.00 999,010.00 2.375 1,499 1,307 2.400 04/30/2026 91282CCF6 1321 U.S. Treasury 06/01/2021 1,000,000.00 883,400.00 997,060.00 0.750 1,825 1,338 0.810 05/31/2026 91282CCF6 1323 U.S. Treasury 06/17/2021 500,000.00 441,700.00 497,095.00 0.750 1,809 1,338 0.870 05/31/2026 91282CCP4 1335 U.S. Treasury 09/29/2021 1,000,000.00 874,960.00 983,750.00 0.625 1,766 1,399 0.970 07/31/2026 91282CCW9 1336 U.S. Treasury 09/29/2021 1,000,000.00 877,340.00 988,500.00 0.750 1,797 1,430 0.990 08/31/2026 91282CCW9 1380 U.S. Treasury 03/22/2022 500,000.00 438,670.00 466,454.17 0.750 1,623 1,430 2.350 08/31/2026 91282CDG3 1381 U.S. Treasury 03/22/2022 500,000.00 443,535.00 473,396.82 1.125 1,684 1,491 2.350 10/31/2026 912828Z78 1369 U.S. Treasury 02/10/2022 1,000,000.00 896,840.00 986,700.00 1.500 1,816 1,583 1.781 01/31/2027 91282CEF4 1391 U.S. Treasury 05/03/2022 1,000,000.00 934,730.00 976,860.00 2.500 1,793 1,642 3.010 03/31/2027 91282CEN7 1398 U.S. Treasury 06/08/2022 500,000.00 472,130.00 495,000.00 2.750 1,787 1,672 2.971 04/30/2027 912828X88 1397 U.S. Treasury 06/07/2022 1,000,000.00 927,420.00 969,687.50 2.375 1,803 1,687 3.041 05/15/2027 91282CET4 1399 U.S. Treasury 06/08/2022 500,000.00 469,630.00 491,842.18 2.625 1,818 1,703 2.980 05/31/2027 91282CFB2 1417 U.S. Treasury 08/15/2022 1,000,000.00 942,110.00 989,460.00 2.750 1,811 1,764 2.980 07/31/2027 91282CFB2 1422 U.S. Treasury 08/29/2022 1,000,000.00 942,110.00 979,645.67 2.750 1,797 1,764 3.200 07/31/2027 Subtotal and Average 62,176,092.08 62,250,000.00 60,024,590.00 61,656,358.10 700 511 1.978 Treasury Discount Notes 912796YB9 1423 U.S. Treasury 09/02/2022 3,000,000.00 2,953,860.00 2,951,409.30 3.221 181 152 3.366 03/02/2023 912796YB9 1424 U.S. Treasury 09/02/2022 2,000,000.00 1,969,240.00 1,967,621.12 3.220 181 152 3.365 03/02/2023 Certificate of Deposits 01859BAA3 1095 06740KLJ4 1097 62384RACO 1099 22766ACB9 1106 Run Date: 12/07/2022 - 21:43 Subtotal and Average 4,755,062.74 5,000,000.00 4,923,100.00 4,919,030.42 181 152 3.365 Alliance Credit Union 10/13/2017 245,000.00 244,896.98 245,000.00 2.250 1,826 12 2.251 10/13/2022 Barclays Bank 10/25/2017 240,000.00 239,814.75 240,000.00 2.300 1,826 24 2.291 10/25/2022 Mountain America Federal CU 11/08/2017 245,000.00 244,713.97 245,000.00 2.300 1,826 38 2.301 11/08/2022 CrossFirst Bank 11/20/2017 245,000.00 244,607.59 245,000.00 2.200 1,824 48 2.201 11/18/2022 Portfolio CITY CID PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Portfolio Details - Investments September 30, 2022 Page 5 CUSIP Investment # Average Issuer Balance Purchase Date Par Value Market Value Book Value Stated Rate Term Days to Maturity YTM 365 Maturity Date Certificate of Deposits 29367QCP1 1107 Enterprise Bank, NA 11/28/2017 245,000.00 244,508.09 245,000.00 2.150 1,826 58 2.151 11/28/2022 58404DCX7 1169 Medallion Bank 12/07/2018 248,000.00 247,962.33 248,000.00 3.400 1,461 67 3.402 12/07/2022 75701LAB3 1166 Red Rocks Credit Union 12/07/2018 248,000.00 247,939.02 248,000.00 3.350 1,461 67 3.352 12/07/2022 499724AB8 1110 Knoxville TVA Credit Union 12/29/2017 245,000.00 244,342.27 245,000.00 2.400 1,826 89 2.401 12/29/2022 49228XAK6 1239 Kern FCU 12/30/2019 248,000.00 246,922.08 248,000.00 1.900 1,096 90 1.902 12/30/2022 79772FACO 1240 San Francisco FCU 12/30/2019 248,000.00 246,890.93 248,000.00 1.850 1,096 90 1.852 12/30/2022 949495AT2 1244 Wells Fargo Natl Bank West 01/29/2020 248,000.00 246,407.62 248,000.00 1.900 1,097 121 1.900 01/30/2023 81768PAF3 1254 Servisfirst Bank 02/21/2020 248,000.00 245,827.43 248,000.00 1.600 1,096 143 1.601 02/21/2023 92535LCD4 1180 Verus Bank of Commerce 02/28/2019 248,000.00 246,856.35 248,000.00 2.700 1,461 150 2.700 02/28/2023 034577AH9 1119 Aneca Federal Credit Union 03/22/2018 245,000.00 243,587.95 245,000.00 2.800 1,826 172 2.802 03/22/2023 66704MEQO 1263 Northstar Bank 03/31/2020 248,000.00 243,981.26 248,000.00 1.150 1,095 181 1.150 03/31/2023 954444BS3 1265 West Michigan Cmnty Bk 03/31/2020 248,000.00 243,981.26 248,000.00 1.150 1,095 181 1.150 03/31/2023 17312QJ26 1123 Citibank NA 04/11/2018 245,000.00 243,285.40 245,000.00 2.900 1,826 192 2.902 04/11/2023 20726ABA5 1189 Congressional Bank 04/30/2019 248,000.00 245,532.08 248,000.00 2.500 1,459 209 2.502 04/28/2023 29278TAY6 1125 EnerBank USA 04/30/2018 240,000.00 238,232.88 240,000.00 2.950 1,824 209 2.952 04/28/2023 32117BCX4 1179 First National Bank 03/05/2019 248,000.00 245,647.94 248,000.00 2.800 1,522 216 2.802 05/05/2023 725404AB3 1194 Pittsfield Cooperative Bank 06/07/2019 245,000.00 241,560.43 245,000.00 2.500 1,461 249 2.502 06/07/2023 619165JD6 1173 Morton Community 03/20/2019 248,000.00 244,774.86 248,000.00 2.750 1,553 262 2.753 06/20/2023 74934YAH4 1144 RCB Bank 06/20/2018 245,000.00 242,516.65 245,000.00 3.150 1,826 262 3.152 06/20/2023 02616AAH2 1285 American First CU 06/26/2020 248,000.00 240,338.71 248,000.00 0.350 1,095 268 0.350 06/26/2023 02772JBD1 1205 American National Bank 07/19/2019 248,000.00 242,622.34 248,000.00 2.000 1,461 291 2.001 07/19/2023 32110YLK9 1147 First National Bank of America 07/20/2018 245,000.00 241,914.64 245,000.00 3.150 1,826 292 3.152 07/20/2023 06426KAN8 1151 Bank of New England 07/31/2018 249,000.00 245,885.89 249,000.00 3.250 1,826 303 3.252 07/31/2023 75472RAD3 1218 Raymond James Bank 08/23/2019 244,000.00 237,986.99 244,000.00 1.950 1,461 326 1.951 08/23/2023 89579NCD3 1262 Triad Bank 03/30/2020 248,000.00 239,658.42 248,000.00 1.350 1,278 363 1.352 09/29/2023 57116ARV2 1155 Cache Valley BK F/K/A Marlin 10/17/2018 248,000.00 244,206.53 248,000.00 3.300 1,826 381 3.302 10/17/2023 625925AR3 1160 Municipal Trust and Savings 10/17/2018 245,000.00 240,999.44 245,000.00 3.200 1,826 381 3.202 10/17/2023 90348JEJ5 1161 UBS Bank USA 10/17/2018 245,000.00 241,378.91 245,000.00 3.350 1,826 381 3.352 10/17/2023 474067AQ8 1154 Jefferson Financial CU 10/19/2018 245,000.00 241,385.18 245,000.00 3.350 1,826 383 3.352 10/19/2023 20143PDV9 1162 Commercial Bank 11/15/2018 248,000.00 244,272.28 248,000.00 3.400 1,826 410 3.402 11/15/2023 67054NAN3 1164 Numerica Credit Union 11/28/2018 248,000.00 244,583.54 248,000.00 3.550 1,826 423 3.552 11/28/2023 48115LAD6 1396 Jovia Financial Credit Union 06/07/2022 248,000.00 241,548.71 248,000.00 2.500 548 432 2.502 12/07/2023 635573AL2 1170 National Cooperative Bank, N.A 12/21/2018 245,000.00 241,089.06 245,000.00 3.400 1,826 446 3.402 12/21/2023 066851 WJ1 1172 Bar Harbor Bank and Trust 12/31/2018 248,000.00 243,812.25 248,000.00 3.350 1,824 454 3.352 12/29/2023 89269FDP7 1415 Tradition Capital 07/20/2022 246,000.00 240,628.50 246,000.00 3.000 551 478 3.008 01/22/2024 51210SQU4 1208 Lakeside Bank 07/30/2019 248,000.00 239,245.24 248,000.00 2.000 1,644 485 2.003 01/29/2024 Portfolio CITY CP Run Date: 12/07/2022 - 21:43 PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Portfolio Details - Investments September 30, 2022 Page 6 CUSIP Investment # Average Issuer Balance Purchase Date Par Value Market Value Book Value Stated Rate Term Days to Maturity YTM 365 Maturity Date Certificate of Deposits 77579ADFO 1251 Rollstone B&T 02/12/2020 245,000.00 235,119.42 245,000.00 1.650 1,461 499 1.651 02/12/2024 66736ABP3 1181 Northwest Bank 02/13/2019 248,000.00 242,236.39 248,000.00 2.950 1,826 500 2.951 02/13/2024 949763XY7 1174 Wells Fargo 02/27/2019 248,000.00 242,252.38 248,000.00 3.000 1,826 514 3.001 02/27/2024 50625LAW3 1384 Lafayette FCU 03/30/2022 248,000.00 238,584.68 248,000.00 2.050 729 544 2.053 03/28/2024 882213AB7 1260 Texas Bank Financial 03/31/2020 245,000.00 232,420.39 245,000.00 1.100 1,458 544 1.101 03/28/2024 472382AQ3 1272 The Jefferson Bank 04/15/2020 248,000.00 235,388.37 248,000.00 1.250 1,461 562 1.251 04/15/2024 08016PDQ9 1270 Belmont Bank and Trust 04/16/2020 248,000.00 235,366.77 248,000.00 1.250 1,461 563 1.251 04/16/2024 69506YRH4 1269 Pacific Western Bank 04/16/2020 245,000.00 232,812.49 245,000.00 1.300 1,461 563 1.301 04/16/2024 56065GAG3 1188 Main Street Bank 04/26/2019 248,000.00 240,287.52 248,000.00 2.600 1,827 573 2.603 04/26/2024 33640VDD7 1231 First Service Bank 11/15/2019 248,000.00 236,607.75 248,000.00 1.700 1,643 592 1.701 05/15/2024 48128HXU7 1185 JP Morgan Chase 05/16/2019 245,000.00 239,762.96 245,000.00 3.250 1,827 593 3.254 05/16/2024 46256YAZ2 1186 Iowa State Bank 05/23/2019 245,000.00 236,409.78 245,000.00 2.400 1,827 600 2.403 05/23/2024 538036GVO 1238 Live Oak Bank 11/27/2019 248,000.00 236,768.95 248,000.00 1.800 1,644 605 1.802 05/28/2024 156634AK3 1184 Century Next Bank 05/29/2019 248,000.00 239,562.36 248,000.00 2.500 1,827 606 2.503 05/29/2024 72651LCL6 1195 Plains Commerce Bank 06/07/2019 245,000.00 236,901.01 245,000.00 2.550 1,827 615 2.553 06/07/2024 299547AQ2 1196 Evansville Teachers Credit FCU 06/12/2019 248,000.00 239,890.16 248,000.00 2.600 1,827 620 2.603 06/12/2024 524661CB9 1197 Legacy Bank 06/19/2019 248,000.00 238,972.30 248,000.00 2.400 1,827 627 2.403 06/19/2024 176688CP2 1199 Citizens State Bank 06/21/2019 248,000.00 238,944.75 248,000.00 2.400 1,827 629 2.403 06/21/2024 20416TAQ5 1202 Communitywide FCU 06/28/2019 248,000.00 238,217.42 248,000.00 2.250 1,827 636 2.253 06/28/2024 761402BY1 1203 Revere Bank 06/28/2019 247,000.00 237,529.67 247,000.00 2.300 1,827 636 2.303 06/28/2024 00257TBD7 1207 Abacus Federal Savings 07/26/2019 248,000.00 236,596.65 248,000.00 1.950 1,827 664 1.952 07/26/2024 33625CCP2 1209 First Security Bank of WA 07/30/2019 248,000.00 236,863.66 248,000.00 2.000 1,827 668 2.002 07/30/2024 710571DS6 1210 People's Bank 07/31/2019 248,000.00 236,959.88 248,000.00 2.000 1,827 669 2.002 07/31/2024 740367HP5 1213 Preferred Bank 08/16/2019 249,000.00 237,546.09 249,000.00 2.000 1,827 685 2.002 08/16/2024 33766LAJ7 1216 FirsTier Bank 08/23/2019 249,000.00 237,205.30 249,000.00 1.950 1,827 692 1.952 08/23/2024 938828BH2 1215 Washington Federal 08/23/2019 248,000.00 236,480.85 248,000.00 2.000 1,827 692 2.002 08/23/2024 336460CX6 1222 First State Bk DeQueen 08/30/2019 248,000.00 235,564.98 248,000.00 1.800 1,827 699 1.802 08/30/2024 334342CD2 1221 First Natl Bk of Syracuse 08/30/2019 249,000.00 236,746.22 249,000.00 1.850 1,827 699 1.852 08/30/2024 15118RRH2 1220 Celtic Bank 08/30/2019 248,000.00 235,795.43 248,000.00 1.850 1,827 699 1.852 08/30/2024 05580AD50 1333 BMW Bank 09/10/2021 245,000.00 227,368.89 245,000.00 0.650 1,096 710 0.651 09/10/2024 06652CHBO 1227 BankWest Inc 09/27/2019 248,000.00 234,611.11 248,000.00 1.700 1,827 727 1.702 09/27/2024 84223QAN7 1286 Southern Bancorp Bk 06/26/2020 248,000.00 228,286.00 248,000.00 0.500 1,582 755 0.500 10/25/2024 804375DL4 1235 Sauk Valley B&T Co 11/07/2019 248,000.00 234,092.95 248,000.00 1.700 1,827 768 1.702 11/07/2024 61690UNX4 1237 Morgan Stanley Bank 11/20/2019 245,000.00 232,401.06 245,000.00 1.950 1,827 781 1.952 11/20/2024 61760A3B3 1236 Morgan Stanley Private Bk, NA 11/20/2019 245,000.00 232,150.28 245,000.00 1.900 1,827 781 1.902 11/20/2024 064520BG3 1287 Bank Princeton 06/30/2020 248,000.00 226,892.36 248,000.00 0.500 1,644 821 0.500 12/30/2024 Portfolio CITY CP Run Date: 12/07/2022 - 21:43 PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Portfolio Details - Investments September 30, 2022 Page 7 CUSIP Investment # Average Issuer Balance Purchase Date Par Value Market Value Book Value Stated Rate Term Days to Maturity YTM 365 Maturity Date Certificate of Deposits 89388CEYO 1328 Transportation Alliance Bk TAB 07/23/2021 248,000.00 225,754.71 248,000.00 0.400 1,280 845 0.401 01/23/2025 06417NZO9 1329 Bank OZK 07/29/2021 248,000.00 225,605.28 248,000.00 0.400 1,280 851 0.401 01/29/2025 90983WBT7 1249 United Community 02/07/2020 248,000.00 232,490.35 248,000.00 1.650 1,827 860 1.652 02/07/2025 32114VBT3 1250 First National Bank Michigan 02/14/2020 248,000.00 232,370.67 248,000.00 1.650 1,827 867 1.652 02/14/2025 35637RDC8 1248 Freedom Financial 02/14/2020 248,000.00 231,804.42 248,000.00 1.550 1,827 867 1.552 02/14/2025 029728BC5 1255 American State 02/21/2020 248,000.00 231,966.04 248,000.00 1.600 1,827 874 1.602 02/21/2025 17286TAGO 1252 Citadel FCU 02/27/2020 248,000.00 232,149.32 248,000.00 1.650 1,827 880 1.652 02/27/2025 00435JBH5 1256 Access Bank 03/13/2020 248,000.00 231,709.09 248,000.00 1.600 1,826 894 1.601 03/13/2025 849430BF9 1257 Spring Bank 03/20/2020 248,000.00 231,001.24 248,000.00 1.500 1,826 901 1.501 03/20/2025 05465DAE8 1258 Axos Bank 03/26/2020 248,000.00 231,781.11 248,000.00 1.650 1,826 907 1.651 03/26/2025 020080BX4 1267 Alma Bank 03/30/2020 248,000.00 230,266.73 248,000.00 1.400 1,824 909 1.399 03/28/2025 2027506M2 1268 Commonwealth Business Bk 03/31/2020 248,000.00 229,497.25 248,000.00 1.250 1,826 912 1.251 03/31/2025 654062JZ2 1266 Nicolet Natl Bank 03/31/2020 248,000.00 230,388.81 248,000.00 1.400 1,826 912 1.401 03/31/2025 14042TDD6 1271 Capital One USA FDIC33954 04/08/2020 245,000.00 228,688.98 245,000.00 1.600 1,826 920 1.601 04/08/2025 02007GPX5 1388 Ally Bank Midvale 04/21/2022 245,000.00 234,114.48 245,000.00 2.550 1,096 933 2.550 04/21/2025 52168UHY1 1389 Leader Bank 04/22/2022 245,000.00 234,103.09 245,000.00 2.550 1,096 934 2.552 04/22/2025 32112UDR9 1274 First Natl Bk McGregor 04/28/2020 248,000.00 229,478.97 248,000.00 1.350 1,826 940 1.351 04/28/2025 32027BALl 1273 First Freedom Bank 04/29/2020 249,000.00 229,463.89 249,000.00 1.200 1,826 941 1.201 04/29/2025 33847E3A3 1276 Flagstar 04/30/2020 248,000.00 229,076.39 248,000.00 1.250 1,826 942 1.251 04/30/2025 32056GDJ6 1278 1st Internet Bank 05/11/2020 248,000.00 227,143.38 248,000.00 1.000 1,827 954 0.985 05/12/2025 95960NKD8 1277 Western State Bank 05/13/2020 245,000.00 224,539.87 245,000.00 1.000 1,826 955 1.001 05/13/2025 254673E69 1392 Discover Bank Greenwood DE CF 05/24/2022 245,000.00 237,192.83 245,000.00 3.100 1,099 969 3.103 05/27/2025 169894AS1 1284 Chippewa Valley Bk 06/24/2020 248,000.00 223,772.27 248,000.00 0.600 1,826 997 0.600 06/24/2025 307811DF3 1363 Farmers & March 01/14/2022 249,000.00 226,294.82 249,000.00 0.900 1,277 1,017 0.900 07/14/2025 70962LAF9 1331 Pentagon FCU 09/01/2021 249,000.00 224,075.52 249,000.00 0.700 1,462 1,067 0.687 09/02/2025 914242AAO 1429 University Credit Union 09/26/2022 248,000.00 245,887.43 248,000.00 4.000 1,096 1,091 3.891 09/26/2025 51507LCC6 1305 Landmark Community Bank 01/22/2021 248,000.00 218,912.70 248,000.00 0.500 1,826 1,209 0.500 01/22/2026 87270LDL4 1306 TIAA FKA EverBank 02/12/2021 245,000.00 216,109.99 245,000.00 0.500 1,826 1,230 0.500 02/12/2026 64034KAZ4 1376 Nelnet Bank 03/02/2022 245,000.00 225,982.86 245,000.00 1.800 1,461 1,248 1.801 03/02/2026 39573LBC1 1313 Greenstate FCU 04/16/2021 249,000.00 221,912.32 249,000.00 0.950 1,826 1,293 0.951 04/16/2026 89235MKY6 1314 Toyota Financial Savings Bank 04/22/2021 245,000.00 218,038.39 245,000.00 0.900 1,826 1,299 0.900 04/22/2026 14622LAAO 1316 Carter FCU 04/27/2021 248,000.00 219,144.52 248,000.00 0.750 1,826 1,304 0.750 04/27/2026 31617CAV5 1317 Fidelity Homestead 04/30/2021 248,000.00 218,752.18 248,000.00 0.700 1,826 1,307 0.711 04/30/2026 501798RP9 1356 LCA Bank Corp 12/27/2021 248,000.00 220,485.42 248,000.00 1.000 1,642 1,364 1.000 06/26/2026 92559TAJ7 1325 Vibrant Credit Union 07/02/2021 249,000.00 219,432.76 248,377.50 0.800 1,824 1,368 0.852 06/30/2026 38149MXK4 1326 Goldman Sachs 07/28/2021 248,000.00 219,982.89 248,000.00 1.000 1,826 1,396 1.001 07/28/2026 Portfolio CITY CP Run Date: 12/07/2022 - 21:43 PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Portfolio Details - Investments September 30, 2022 Page 8 Average Purchase Stated Days to YTM Maturity CUSIP Investment # Issuer Balance Date Par Value Market Value Book Value Rate Term Maturity 365 Date Certificate of Deposits 795451AFO 1327 Sallie Mae Bank Salt Lake Clty 07/28/2021 248,000.00 219,982.89 248,000.00 1.000 1,826 1,396 1.001 07/28/2026 87165ET98 1332 Synchrony Bank Retail 09/03/2021 245,000.00 215,954.83 245,000.00 0.900 1,826 1,433 0.900 09/03/2026 20786ADL6 1334 Connect One 09/24/2021 248,000.00 217,050.34 248,000.00 0.800 1,826 1,454 0.800 09/24/2026 59013KPNO 1345 Merrick Bank 11/09/2021 249,000.00 220,049.88 249,000.00 1.100 1,826 1,500 1.101 11/09/2026 14042RQBO 1346 Capital One Natl Assn FDIC4297 11/17/2021 248,000.00 219,242.72 248,000.00 1.100 1,826 1,508 1.101 11/17/2026 20825WAR1 1357 Connexus CU 12/23/2021 249,000.00 220,813.92 249,000.00 1.250 1,826 1,544 1.250 12/23/2026 89786MAF1 1368 True Sky FCU 02/04/2022 245,000.00 220,335.36 245,000.00 1.600 1,826 1,587 1.601 02/04/2027 02357QAQO 1372 Amerant Bank 02/14/2022 245,000.00 220,167.48 245,000.00 1.600 1,828 1,599 1.601 02/16/2027 07371AYE7 1370 Beal Bank TX 02/23/2022 245,000.00 223,111.47 245,000.00 1.900 1,820 1,600 1.901 02/17/2027 073710E88 1371 Beal Bank USA 02/23/2022 245,000.00 223,111.47 245,000.00 1.900 1,820 1,600 1.901 02/17/2027 59161YAP1 1373 Metro Credit Union 02/18/2022 249,000.00 224,557.25 249,000.00 1.700 1,826 1,601 1.701 02/18/2027 24773RCR4 1377 Delta Natl B&T 03/09/2022 245,000.00 224,004.14 245,000.00 2.000 1,814 1,608 2.001 02/25/2027 27004PCM3 1375 Eaglemark Savings 03/02/2022 245,000.00 224,022.24 245,000.00 2.000 1,826 1,613 2.001 03/02/2027 91139LAB2 1378 United Roosevelt Savings 03/11/2022 248,000.00 225,480.00 248,000.00 1.900 1,826 1,622 1.901 03/11/2027 565819AG4 1379 Marathon Bnak 03/16/2022 248,000.00 224,395.00 248,000.00 1.800 1,826 1,627 1.801 03/16/2027 20033A3A2 1386 Comenity Capital Bank 04/14/2022 248,000.00 232,919.44 248,000.00 2.650 1,826 1,656 2.652 04/14/2027 397417AQ9 1419 Greenwoods State Bank 05/17/2022 248,000.00 236,958.86 248,000.00 3.050 1,826 1,689 3.052 05/17/2027 02589ADH2 1421 American Express, NB 08/29/2022 245,000.00 238,207.39 245,000.00 3.450 1,793 1,760 3.067 07/27/2027 88413QDN5 1420 Third Federal Savings and Loan 08/19/2022 245,000.00 236,584.68 245,000.00 3.300 1,826 1,783 3.302 08/19/2027 732329BD8 1425 Ponce Bank 09/15/2022 248,000.00 241,656.61 248,000.00 3.500 1,826 1,810 3.502 09/15/2027 052392BT3 1427 Austin Telco FCU 09/21/2022 248,000.00 245,027.63 248,000.00 3.800 1,826 1,816 3.770 09/21/2027 22258JAB7 1430 County Schools FCU 09/30/2022 248,000.00 251,905.08 248,000.00 4.400 1,826 1,825 4.325 09/30/2027 Subtotal and Average 32,339,844.17 33,101,000.00 31,430,853.63 33,100,377.50 1,666 788 1.982 Corporate Notes 931142DU4 1190 Wal-Mart Stores, Inc 04/16/2019 500,000.00 498,680.00 496,650.00 2.350 1,339 75 2.799 12/15/2022 19416QEA4 1175 Colgate-Palmolive 03/04/2019 500,000.00 496,700.00 485,250.00 1.950 1,430 123 2.751 02/01/2023 594918BQ6 1157 Microsoft Corporation 10/15/2018 400,000.00 392,436.00 378,360.00 2.000 1,758 311 3.222 08/08/2023 45950VPS9 1308 International Finance Corp. 02/26/2021 500,000.00 438,750.00 497,300.00 0.500 1,826 1,244 0.610 02/26/2026 Subtotal and Average 1,857,560.00 1,900,000.00 1,826,566.00 1,857,560.00 1,578 449 2.287 Money Market with Fiscal Agent SYS1058 1058 US Bank 07/01/2016 4,603.25 4,603.25 4,603.25 1 1 0.000 Subtotal and Average 14,474,223.68 4,603.25 4,603.25 4,603.25 1 1 0.000 Run Date: 12/07/2022 - 21:43 Portfolio CITY CID PM (PRF_PM2) 7.3.0 City of La Quinta Portfolio Management Page Portfolio Details - Investments September 30, 2022 Average Purchase Stated Days to YTM Maturity CUSIP Investment # Issuer Balance Date Par Value Market Value Book Value Rate Term Maturity 365 Date CERBT - OPEB Trust SYS1114 1114 CaIPERS CERBT Plan 07/01/2022 1,660,262.83 1,660,262.83 1,660,262.83 1 1 0.000 Subtotal and Average 1,787,756.62 1,660,262.83 1,660,262.83 1,660,262.83 1 1 0.000 PARS Pension Trust SYS1230 1230 Run Date: 12/07/2022 - 21:43 Pblc Agncy Rtrmnt Sery Subtotal and Average 10,189,930.12 Total and Average 222,696,962.10 9,673,786.39 9,673,786.39 9,673,786.39 9,673,786.39 9,673,786.39 1 1 0.000 9,673,786.39 1 1 0.000 206,937,687.63 199,082,737.08 206,006,742.74 806 496 1.718 Portfolio CITY CID PM (PRF_PM2) 7.3.0 t(VQr(lu GEM of the DESERT - City of La Quinta Total Earnings Sorted by Fund - Fund September 1, 2022 - September 30, 2022 City of La Quinta CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 98-33-434 1055 101 LAIF 28,728,722.48 28,728,722.48 28,728,722.48 1.513 1.350 31,885.14 0.00 0.00 31,885.14 SYS1059 1059 101 CITYPC 3,300.00 3,300.00 3,300.00 0.00 0.00 0.00 0.00 01859BAA3 1095 101 ALLIAN 245,000.00 245,000.00 245,000.00 2.250 2.250 453.08 0.00 0.00 453.08 06740KLJ4 1097 101 BARCLY 240,000.00 240,000.00 240,000.00 2.300 2.300 453.70 0.00 0.00 453.70 62384RACO 1099 101 MTNAMR 245,000.00 245,000.00 245,000.00 2.300 2.300 463.15 0.00 0.00 463.15 22766ACB9 1106 101 CRS1ST 245,000.00 245,000.00 245,000.00 2.200 2.200 443.01 0.00 0.00 443.01 29367QCP1 1107 101 ENTRPR 245,000.00 245,000.00 245,000.00 2.150 2.150 432.95 0.00 0.00 432.95 499724AB8 1110 101 KNOX 245,000.00 245,000.00 245,000.00 2.400 2.400 483.29 0.00 0.00 483.29 SYS1114 1114 101 CALPRS 1,660,262.83 1,792,152.96 1,660,262.83 0.00 0.00 0.00 0.00 034577AH9 1119 101 ANECA 245,000.00 245,000.00 245,000.00 2.800 2.800 563.83 0.00 0.00 563.83 17312QJ26 1123 101 CITINA 245,000.00 245,000.00 245,000.00 2.900 2.900 583.97 0.00 0.00 583.97 29278TAY6 1125 101 ENER 240,000.00 240,000.00 240,000.00 2.950 2.950 581.92 0.00 0.00 581.92 74934YAH4 1144 101 RCB 245,000.00 245,000.00 245,000.00 3.150 3.150 634.32 0.00 0.00 634.32 32110YLK9 1147 101 1STNBA 245,000.00 245,000.00 245,000.00 3.150 3.150 634.32 0.00 0.00 634.32 06426KAN8 1151 101 NWENGL 249,000.00 249,000.00 249,000.00 3.250 3.250 665.14 0.00 0.00 665.14 SYS1153 1153 101 CAMP 18,010,695.46 17,972,088.30 18,010,695.46 2.610 2.614 38,607.16 0.00 0.00 38,607.16 474067AQ8 1154 101 JEFF 245,000.00 245,000.00 245,000.00 3.350 3.350 674.59 0.00 0.00 674.59 57116ARV2 1155 101 MARBUS 248,000.00 248,000.00 248,000.00 3.300 3.300 672.66 0.00 0.00 672.66 594918BQ6 1157 101 MCRSFT 400,000.00 378,360.00 378,360.00 2.000 2.144 666.67 0.00 0.00 666.67 3133EJYL7 1158 101 FFCB 250,000.00 247,275.00 247,275.00 2.800 2.870 583.34 0.00 0.00 583.34 625925AR3 1160 101 MUNTRS 245,000.00 245,000.00 245,000.00 3.200 3.200 644.38 0.00 0.00 644.38 90348JEJ5 1161 101 UBS 245,000.00 245,000.00 245,000.00 3.350 3.350 674.59 0.00 0.00 674.59 20143PDV9 1162 101 COMMBK 248,000.00 248,000.00 248,000.00 3.400 3.400 693.04 0.00 0.00 693.04 67054NAN3 1164 101 NMRCA 248,000.00 248,000.00 248,000.00 3.550 3.550 723.62 0.00 0.00 723.62 75701LAB3 1166 101 REDRCK 248,000.00 248,000.00 248,000.00 3.350 3.350 682.85 0.00 0.00 682.85 58404DCX7 1169 101 MEDBA 248,000.00 248,000.00 248,000.00 3.400 3.400 693.04 0.00 0.00 693.04 635573AL2 1170 101 NLCOOP 245,000.00 245,000.00 245,000.00 3.400 3.400 684.66 0.00 0.00 684.66 066851WJ1 1172 101 BARHAR 248,000.00 248,000.00 248,000.00 3.350 3.350 682.85 0.00 0.00 682.85 619165JD6 1173 101 MORTN 248,000.00 248,000.00 248,000.00 2.750 2.750 560.55 0.00 0.00 560.55 Run Date: 12/07/2022 - 22:12 Portfolio CITY CP TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 2 September 1, 2022 - September 30, 2022 CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 949763XY7 1174 101 WELLS 248,000.00 248,000.00 248,000.00 3.000 3.000 611.51 0.00 0.00 611.51 19416QEA4 1175 101 COLGTE 500,000.00 485,250.00 485,250.00 1.950 2.037 812.50 0.00 0.00 812.50 3130AFW94 1177 101 FHLB 500,000.00 498,550.00 498,550.00 2.500 2.542 1,041.67 0.00 0.00 1,041.67 9128282W9 1178 101 USTR 0.00 489,687.50 0.00 1.875 28.415 742.83 0.00 10,312.50 11,055.33 32117BCX4 1179 101 1STNBK 248,000.00 248,000.00 248,000.00 2.800 2.800 570.74 0.00 0.00 570.74 92535LCD4 1180 101 VERUS 248,000.00 248,000.00 248,000.00 2.700 2.700 550.35 0.00 0.00 550.35 66736ABP3 1181 101 NRTHWS 248,000.00 248,000.00 248,000.00 2.950 2.950 601.32 0.00 0.00 601.32 156634AK3 1184 101 CENTNX 248,000.00 248,000.00 248,000.00 2.500 2.500 509.60 0.00 0.00 509.60 48128HXU7 1185 101 JPMORG 245,000.00 245,000.00 245,000.00 3.250 3.250 654.45 0.00 0.00 654.45 46256YAZ2 1186 101 IOWAST 245,000.00 245,000.00 245,000.00 2.400 2.400 483.28 0.00 0.00 483.28 56065GAG3 1188 101 MAINST 248,000.00 248,000.00 248,000.00 2.600 2.600 529.97 0.00 0.00 529.97 20726ABA5 1189 101 CONGRS 248,000.00 248,000.00 248,000.00 2.500 2.500 509.59 0.00 0.00 509.59 931142DU4 1190 101 WALMRT 500,000.00 496,650.00 496,650.00 2.350 2.399 979.16 0.00 0.00 979.16 725404AB3 1194 101 PITTS 245,000.00 245,000.00 245,000.00 2.500 2.500 503.43 0.00 0.00 503.43 72651LCL6 1195 101 PLAINS 245,000.00 245,000.00 245,000.00 2.550 2.550 513.50 0.00 0.00 513.50 299547AQ2 1196 101 EVNSCU 248,000.00 248,000.00 248,000.00 2.600 2.600 529.97 0.00 0.00 529.97 524661CB9 1197 101 LEGCY 248,000.00 248,000.00 248,000.00 2.400 2.400 489.21 0.00 0.00 489.21 3133EKQP4 1198 101 FFCB 500,000.00 499,500.00 499,500.00 1.875 1.903 781.25 0.00 0.00 781.25 176688CP2 1199 101 CTZNST 248,000.00 248,000.00 248,000.00 2.400 2.400 489.20 0.00 0.00 489.20 20416TAQ5 1202 101 COMMW 248,000.00 248,000.00 248,000.00 2.250 2.250 458.63 0.00 0.00 458.63 761402BY1 1203 101 REVER 247,000.00 247,000.00 247,000.00 2.300 2.300 466.94 0.00 0.00 466.94 02772JBD1 1205 101 AMRNTL 248,000.00 248,000.00 248,000.00 2.000 2.000 407.67 0.00 0.00 407.67 3135GOV75 1206 101 FNMA 500,000.00 495,950.00 495,950.00 1.750 1.789 729.16 0.00 0.00 729.16 00257TBD7 1207 101 ABACUS 248,000.00 248,000.00 248,000.00 1.950 1.950 397.48 0.00 0.00 397.48 51210SQU4 1208 101 LKSIDE 248,000.00 248,000.00 248,000.00 2.000 2.000 407.67 0.00 0.00 407.67 33625CCP2 1209 101 1STSEC 248,000.00 248,000.00 248,000.00 2.000 2.000 407.67 0.00 0.00 407.67 710571DS6 1210 101 PEOPLE 248,000.00 248,000.00 248,000.00 2.000 2.000 407.67 0.00 0.00 407.67 3133EKWV4 1212 101 FFCB 500,000.00 499,500.00 499,500.00 1.850 1.878 770.83 0.00 0.00 770.83 740367HP5 1213 101 PREFRD 249,000.00 249,000.00 249,000.00 2.000 2.000 409.32 0.00 0.00 409.32 938828BH2 1215 101 WSHFED 248,000.00 248,000.00 248,000.00 2.000 2.000 407.67 0.00 0.00 407.67 33766LAJ7 1216 101 1STIER 249,000.00 249,000.00 249,000.00 1.950 1.950 399.08 0.00 0.00 399.08 912828T26 1217 101 USTR 500,000.00 499,300.00 499,300.00 1.375 1.373 563.63 0.00 0.00 563.63 75472RAD3 1218 101 RAYJAM 244,000.00 244,000.00 244,000.00 1.950 1.950 391.07 0.00 0.00 391.07 15118RRH2 1220 101 CELTIC 248,000.00 248,000.00 248,000.00 1.850 1.850 377.10 0.00 0.00 377.10 334342CD2 1221 101 1STNBS 249,000.00 249,000.00 249,000.00 1.850 1.850 378.62 0.00 0.00 378.62 336460CX6 1222 101 1STDQN 248,000.00 248,000.00 248,000.00 1.800 1.800 366.90 0.00 0.00 366.90 3133EKZK5 1223 101 FFCB 500,000.00 499,400.00 499,400.00 1.600 1.624 666.66 0.00 0.00 666.66 Run Date: 12/07/2022 - 22:12 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 3 September 1, 2022 - September 30, 2022 CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 3133EKP75 1224 101 FFCB 500,000.00 498,750.00 498,750.00 1.600 1.626 666.67 0.00 0.00 666.67 06652CHBO 1227 101 BNKWST 248,000.00 248,000.00 248,000.00 1.700 1.700 346.52 0.00 0.00 346.52 059731851 1228 101 BOTW 3,201,929.33 5,048,779.42 3,201,929.33 0.01 0.00 0.00 0.01 SYS1230 1230 101 PARS 9,673,786.39 10,207,728.18 9,673,786.39 0.00 0.00 0.00 0.00 33640VDD7 1231 101 1STSER 248,000.00 248,000.00 248,000.00 1.700 1.700 346.52 0.00 0.00 346.52 3135GOW33 1233 101 FNMA 0.00 992,100.00 0.00 1.375 59.534 190.97 0.00 7,900.00 8,090.97 3133EK4X1 1234 101 FFCB 1,000,000.00 996,900.00 996,900.00 1.600 1.627 1,333.34 0.00 0.00 1,333.34 804375DL4 1235 101 SAUKVL 248,000.00 248,000.00 248,000.00 1.700 1.700 346.52 0.00 0.00 346.52 6176OA3133 1236 101 MSPRIV 245,000.00 245,000.00 245,000.00 1.900 1.900 382.60 0.00 0.00 382.60 6169OUNX4 1237 101 MORGST 245,000.00 245,000.00 245,000.00 1.950 1.950 392.67 0.00 0.00 392.67 538036GVO 1238 101 LIVEOK 248,000.00 248,000.00 248,000.00 1.800 1.800 366.90 0.00 0.00 366.90 49228XAK6 1239 101 KERNCU 248,000.00 248,000.00 248,000.00 1.900 1.900 387.29 0.00 0.00 387.29 79772FACO 1240 101 SF FCU 248,000.00 248,000.00 248,000.00 1.850 1.850 377.10 0.00 0.00 377.10 912828YV6 1241 101 USTR 1,000,000.00 989,687.50 989,687.50 1.500 1.511 1,229.50 0.00 0.00 1,229.50 3133ELEA8 1242 101 FFCB 1,000,000.00 998,600.00 998,600.00 1.700 1.726 1,416.67 0.00 0.00 1,416.67 949495AT2 1244 101 WFNBW 248,000.00 248,000.00 248,000.00 1.900 1.900 387.29 0.00 0.00 387.29 3133ELNEO 1246 101 FFCB 1,000,000.00 999,000.00 999,000.00 1.430 1.451 1,191.66 0.00 0.00 1,191.66 3133EGWJO 1247 101 FFCB 0.00 999,217.36 0.00 1.400 2.442 1,088.89 0.00 782.64 1,871.53 35637RDC8 1248 101 FRDMFI 248,000.00 248,000.00 248,000.00 1.550 1.550 315.95 0.00 0.00 315.95 90983WBT7 1249 101 UNTDCM 248,000.00 248,000.00 248,000.00 1.650 1.650 336.33 0.00 0.00 336.33 32114VBT3 1250 101 1STNM1 248,000.00 248,000.00 248,000.00 1.650 1.650 336.33 0.00 0.00 336.33 77579ADFO 1251 101 RLLSTN 245,000.00 245,000.00 245,000.00 1.650 1.650 332.26 0.00 0.00 332.26 17286TAGO 1252 101 CITADL 248,000.00 248,000.00 248,000.00 1.650 1.650 336.33 0.00 0.00 336.33 81768PAF3 1254 101 SERVIS 248,000.00 248,000.00 248,000.00 1.600 1.600 326.14 0.00 0.00 326.14 029728BC5 1255 101 AMERST 248,000.00 248,000.00 248,000.00 1.600 1.600 326.14 0.00 0.00 326.14 00435JBH5 1256 101 ACCSS 248,000.00 248,000.00 248,000.00 1.600 1.600 326.14 0.00 0.00 326.14 849430BF9 1257 101 SPRING 248,000.00 248,000.00 248,000.00 1.500 1.500 305.76 0.00 0.00 305.76 05465DAE8 1258 101 AXOS 248,000.00 248,000.00 248,000.00 1.650 1.650 336.33 0.00 0.00 336.33 882213AB7 1260 101 TEXAS 245,000.00 245,000.00 245,000.00 1.100 1.100 221.50 0.00 0.00 221.50 89579NCD3 1262 101 TRIAD 248,000.00 248,000.00 248,000.00 1.350 1.350 275.18 0.00 0.00 275.18 66704MEQO 1263 101 NRTHSR 248,000.00 248,000.00 248,000.00 1.150 1.150 234.41 0.00 0.00 234.41 954444BS3 1265 101 WESTMI 248,000.00 248,000.00 248,000.00 1.150 1.150 234.41 0.00 0.00 234.41 654062JZ2 1266 101 NCOLET 248,000.00 248,000.00 248,000.00 1.400 1.400 285.37 0.00 0.00 285.37 020080BX4 1267 101 ALMABK 248,000.00 248,000.00 248,000.00 1.400 1.400 285.37 0.00 0.00 285.37 2027506M2 1268 101 CMWBUS 248,000.00 248,000.00 248,000.00 1.250 1.250 254.79 0.00 0.00 254.79 69506YRH4 1269 101 PACWST 245,000.00 245,000.00 245,000.00 1.300 1.300 261.78 0.00 0.00 261.78 08016PDQ9 1270 101 BELB&T 248,000.00 248,000.00 248,000.00 1.250 1.250 254.79 0.00 0.00 254.79 Run Date: 12/07/2022 - 22:12 Portfolio CITY CP TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 4 September 1, 2022 - September 30, 2022 CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 14042TDD6 1271 101 CAPONE 245,000.00 245,000.00 245,000.00 1.600 1.600 322.19 0.00 0.00 322.19 472382AQ3 1272 101 THEJEF 248,000.00 248,000.00 248,000.00 1.250 1.250 254.80 0.00 0.00 254.80 32027BALl 1273 101 1STFDM 249,000.00 249,000.00 249,000.00 1.200 1.200 245.60 0.00 0.00 245.60 32112UDR9 1274 101 1STMCG 248,000.00 248,000.00 248,000.00 1.350 1.350 275.18 0.00 0.00 275.18 33847E3A3 1276 101 FLGSTR 248,000.00 248,000.00 248,000.00 1.250 1.250 254.80 0.00 0.00 254.80 95960NKD8 1277 101 WSTRNS 245,000.00 245,000.00 245,000.00 1.000 1.000 201.37 0.00 0.00 201.37 32056GDJ6 1278 101 1STINT 248,000.00 248,000.00 248,000.00 1.000 1.000 203.84 0.00 0.00 203.84 3134GVYG7 1279 101 FHLMC 1,000,000.00 1,000,000.00 1,000,000.00 0.625 0.634 520.84 0.00 0.00 520.84 3133ELH23 1280 101 FFCB 500,000.00 499,850.00 499,850.00 0.500 0.507 208.34 0.00 0.00 208.34 3130AJKW8 1281 101 FHLB 500,000.00 499,850.00 499,850.00 0.500 0.507 208.33 0.00 0.00 208.33 3133ELH80 1282 101 FFCB 500,000.00 500,000.00 500,000.00 0.680 0.689 283.33 0.00 0.00 283.33 3130AJRP6 1283 101 FHLB 300,000.00 300,000.00 300,000.00 0.680 0.689 170.00 0.00 0.00 170.00 169894AS1 1284 101 CHIPVA 248,000.00 248,000.00 248,000.00 0.600 0.600 122.30 0.00 0.00 122.30 02616AAH2 1285 101 AMR1ST 248,000.00 248,000.00 248,000.00 0.350 0.350 71.34 0.00 0.00 71.34 84223QAN7 1286 101 STHRNB 248,000.00 248,000.00 248,000.00 0.500 0.500 101.92 0.00 0.00 101.92 064520BG3 1287 101 BKPRNC 248,000.00 248,000.00 248,000.00 0.500 0.500 101.92 0.00 0.00 101.92 3135G05S8 1288 101 FNMA 500,000.00 500,000.00 500,000.00 0.500 0.507 208.33 0.00 0.00 208.33 3136G4N74 1289 101 FNMA 1,000,000.00 1,000,000.00 1,000,000.00 0.560 0.568 466.66 0.00 0.00 466.66 3136G4M75 1290 101 FNMA 500,000.00 499,750.00 499,750.00 0.520 0.527 216.67 0.00 0.00 216.67 3135G06E8 1291 101 FNMA 500,000.00 499,250.00 499,250.00 0.420 0.426 175.00 0.00 0.00 175.00 3135GA2Z3 1292 101 FNMA 500,000.00 499,250.00 499,250.00 0.560 0.569 233.33 0.00 0.00 233.33 SYS1293 1293 101 BNY 579,272.74 5,796,058.77 579,272.74 0.00 0.00 0.00 0.00 3137EAEU9 1297 101 FHLMC 1,000,000.00 997,300.00 997,300.00 0.375 0.381 312.50 0.00 0.00 312.50 3130AKFA9 1298 101 FHLB 500,000.00 497,400.00 497,400.00 0.375 0.382 156.25 0.00 0.00 156.25 3135GA7D7 1299 101 FNMA 500,000.00 500,000.00 500,000.00 0.600 0.608 250.00 0.00 0.00 250.00 3135GAAW1 1300 101 FNMA 500,000.00 500,000.00 500,000.00 0.400 0.406 166.67 0.00 0.00 166.67 3134GXGZ1 1301 101 FHLMC 500,000.00 500,000.00 500,000.00 0.550 0.558 229.17 0.00 0.00 229.17 3130AKMZ6 1302 101 FHLB 500,000.00 500,000.00 500,000.00 0.510 0.517 212.50 0.00 0.00 212.50 91282CBC4 1303 101 USTR 500,000.00 498,632.81 498,632.81 0.375 0.373 152.86 0.00 0.00 152.86 3130AKN28 1304 101 FHLB 500,000.00 500,000.00 500,000.00 0.550 0.558 229.17 0.00 0.00 229.17 51507LCC6 1305 101 LNDMRK 248,000.00 248,000.00 248,000.00 0.500 0.500 101.92 0.00 0.00 101.92 87270LDL4 1306 101 EVRBA 245,000.00 245,000.00 245,000.00 0.500 0.500 100.69 0.00 0.00 100.69 3137EAEX3 1307 101 FHLMC 500,000.00 495,999.50 495,999.50 0.375 0.383 156.25 0.00 0.00 156.25 45950VPS9 1308 101 IFC 500,000.00 497,300.00 497,300.00 0.500 0.499 203.81 0.00 0.00 203.81 91282CBH3 1309 101 USTR 500,000.00 495,100.00 495,100.00 0.375 0.376 152.86 0.00 0.00 152.86 3137EAEX3 1310 101 FHLMC 1,000,000.00 983,940.00 983,940.00 0.375 0.386 312.50 0.00 0.00 312.50 91282CAT8 1311 101 USTR 1,000,000.00 977,500.00 977,500.00 0.250 0.254 203.81 0.00 0.00 203.81 Run Date: 12/07/2022 - 22:12 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 5 September 1, 2022 - September 30, 2022 CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 3130ALV92 1312 101 FHLB 500,000.00 500,000.00 500,000.00 1.050 1.065 437.50 0.00 0.00 437.50 39573LBC1 1313 101 GRNST 249,000.00 249,000.00 249,000.00 0.950 0.950 194.42 0.00 0.00 194.42 89235MKY6 1314 101 TOYFSB 245,000.00 245,000.00 245,000.00 0.900 0.900 181.24 0.00 0.00 181.24 91282CAZ4 1315 101 USTR 500,000.00 492,187.50 492,187.50 0.375 0.380 153.69 0.00 0.00 153.69 14622LAA0 1316 101 CARTER 248,000.00 248,000.00 248,000.00 0.750 0.750 152.88 0.00 0.00 152.88 31617CAV5 1317 101 FIDHMS 248,000.00 248,000.00 248,000.00 0.700 0.700 142.68 0.00 0.00 142.68 SYS1318 1318 101 DPME 649,720.32 649,117.42 649,720.32 0.00 0.00 0.00 0.00 91282CBQ3 1319 101 USTR 500,000.00 494,165.00 494,165.00 0.500 0.510 207.18 0.00 0.00 207.18 91282CBT7 1320 101 USTR 500,000.00 499,525.00 499,525.00 0.750 0.749 307.43 0.00 0.00 307.43 91282CCF6 1321 101 USTR 1,000,000.00 997,060.00 997,060.00 0.750 0.750 614.75 0.00 0.00 614.75 91282CBT7 1322 101 USTR 500,000.00 498,450.00 498,450.00 0.750 0.750 307.43 0.00 0.00 307.43 91282CCF6 1323 101 USTR 500,000.00 497,095.00 497,095.00 0.750 0.752 307.38 0.00 0.00 307.38 3130AMFS6 1324 101 FHLB 1,000,000.00 993,420.00 993,420.00 0.750 0.765 625.00 0.00 0.00 625.00 92559TAJ7 1325 101 VIBRNT 249,000.00 248,377.50 248,377.50 0.800 0.802 163.73 0.00 0.00 163.73 38149MXK4 1326 101 GLDMAN 248,000.00 248,000.00 248,000.00 1.000 1.000 203.83 0.00 0.00 203.83 795451AFO 1327 101 SALMAE 248,000.00 248,000.00 248,000.00 1.000 1.000 203.83 0.00 0.00 203.83 89388CEY0 1328 101 TABBK 248,000.00 248,000.00 248,000.00 0.400 0.400 81.53 0.00 0.00 81.53 06417NZQ9 1329 101 BKOZK 248,000.00 248,000.00 248,000.00 0.400 0.400 81.53 0.00 0.00 81.53 3133EM2C5 1330 101 FFCB 500,000.00 498,000.00 498,000.00 0.710 0.723 295.84 0.00 0.00 295.84 70962LAF9 1331 101 PENTGN 249,000.00 249,000.00 249,000.00 0.700 0.700 143.26 0.00 0.00 143.26 87165ET98 1332 101 SYNCHR 245,000.00 245,000.00 245,000.00 0.900 0.900 181.23 0.00 0.00 181.23 05580AD50 1333 101 BMW 245,000.00 245,000.00 245,000.00 0.650 0.650 130.89 0.00 0.00 130.89 20786ADL6 1334 101 CONNEC 248,000.00 248,000.00 248,000.00 0.800 0.800 163.06 0.00 0.00 163.06 91282CCP4 1335 101 USTR 1,000,000.00 983,750.00 983,750.00 0.625 0.630 509.51 0.00 0.00 509.51 91282CCW9 1336 101 USTR 1,000,000.00 988,500.00 988,500.00 0.750 0.765 621.55 0.00 0.00 621.55 3130APBM6 1337 101 FHLB 1,000,000.00 999,000.00 999,000.00 1.000 1.015 833.34 0.00 0.00 833.34 3133EM4X7 1338 101 FFCB 1,000,000.00 991,080.00 991,080.00 0.800 0.818 666.67 0.00 0.00 666.67 3130APB46 1339 101 FHLB 1,000,000.00 998,250.00 998,250.00 0.950 0.965 791.66 0.00 0.00 791.66 3133EMX64 1340 101 FFCB 500,000.00 499,002.04 499,002.04 0.170 0.173 70.83 0.00 0.00 70.83 91282CCN9 1341 101 USTR 500,000.00 497,792.97 497,792.97 0.125 0.125 50.95 0.00 0.00 50.95 91282CBE0 1342 101 USTR 1,000,000.00 991,000.00 991,000.00 0.125 0.125 101.91 0.00 0.00 101.91 91282CDB4 1343 101 USTR 1,000,000.00 996,320.00 996,320.00 0.625 0.626 512.30 0.00 0.00 512.30 3133ENCQ1 1344 101 FFCB 1,000,000.00 1,000,000.00 1,000,000.00 1.270 1.288 1,058.33 0.00 0.00 1,058.33 59013KPN0 1345 101 MRRCK 249,000.00 249,000.00 249,000.00 1.100 1.100 225.12 0.00 0.00 225.12 14042RQB0 1346 101 CAP1NA 248,000.00 248,000.00 248,000.00 1.100 1.100 224.22 0.00 0.00 224.22 3130APTV7 1347 101 FHLB 500,000.00 499,500.00 499,500.00 0.700 0.710 291.66 0.00 0.00 291.66 3133ENBT6 1348 101 FFCB 1,000,000.00 998,530.00 998,530.00 0.180 0.183 150.00 0.00 0.00 150.00 Run Date: 12/07/2022 - 22:12 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 6 September 1, 2022 - September 30, 2022 CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 91282CBU4 1349 101 USTR 1,000,000.00 996,718.75 996,718.75 0.125 0.125 102.47 0.00 0.00 102.47 91282CCD1 1350 101 USTR 1,000,000.00 995,468.75 995,468.75 0.125 0.125 102.46 0.00 0.00 102.46 91282CBA8 1351 101 USTR 1,000,000.00 990,000.00 990,000.00 0.125 0.126 102.46 0.00 0.00 102.46 91282CBR1 1352 101 USTR 1,000,000.00 989,800.00 989,800.00 0.250 0.253 205.61 0.00 0.00 205.61 3130AP21.18 1353 101 FHLB 1,000,000.00 987,100.00 987,100.00 0.550 0.565 458.33 0.00 0.00 458.33 3135G06G3 1354 101 FNMA 1,000,000.00 976,300.00 976,300.00 0.500 0.519 416.67 0.00 0.00 416.67 3133ENGN4 1355 101 FFCB 1,000,000.00 1,000,000.00 1,000,000.00 0.970 0.983 808.34 0.00 0.00 808.34 501798RP9 1356 101 LCA 248,000.00 248,000.00 248,000.00 1.000 1.000 203.84 0.00 0.00 203.84 20825WAR1 1357 101 CNNXS 249,000.00 249,000.00 249,000.00 1.250 1.250 255.82 0.00 0.00 255.82 3130AQF65 1358 101 FHLB 1,000,000.00 999,750.00 999,750.00 1.250 1.268 1,041.66 0.00 0.00 1,041.66 3134GW6C5 1359 101 FHLMC 500,000.00 486,000.00 486,000.00 0.800 0.834 333.33 0.00 0.00 333.33 91282CBV2 1360 101 USTR 500,000.00 494,882.81 494,882.81 0.375 0.378 153.69 0.00 0.00 153.69 3137EAEU9 1361 101 FHLMC 500,000.00 487,090.00 487,090.00 0.375 0.390 156.25 0.00 0.00 156.25 3134GW5R3 1362 101 FHLMC 400,000.00 391,360.00 391,360.00 0.650 0.674 216.66 0.00 0.00 216.66 307811DF3 1363 101 FARMER 249,000.00 249,000.00 249,000.00 0.900 0.900 184.19 0.00 0.00 184.19 3130AQJR5 1364 101 FHLB 1,000,000.00 1,000,000.00 1,000,000.00 1.500 1.521 1,250.00 0.00 0.00 1,250.00 3135G031.15 1365 101 FNMA 500,000.00 487,790.00 487,790.00 0.625 0.650 260.42 0.00 0.00 260.42 3134GWUQ7 1366 101 FHLMC 1,000,000.00 945,570.00 945,570.00 0.700 0.751 583.33 0.00 0.00 583.33 3130AQSA2 1367 101 FHLB 1,000,000.00 1,000,000.00 1,000,000.00 1.830 1.855 1,525.00 0.00 0.00 1,525.00 89786MAF1 1368 101 TRUSKY 245,000.00 245,000.00 245,000.00 1.600 1.600 322.19 0.00 0.00 322.19 912828Z78 1369 101 USTR 1,000,000.00 986,700.00 986,700.00 1.500 1.508 1,222.82 0.00 0.00 1,222.82 07371AYE7 1370 101 BEALTX 245,000.00 245,000.00 245,000.00 1.900 1.900 382.60 0.00 0.00 382.60 073710E88 1371 101 BEALUS 245,000.00 245,000.00 245,000.00 1.900 1.900 382.60 0.00 0.00 382.60 02357QAQ0 1372 101 AMRNT 245,000.00 245,000.00 245,000.00 1.600 1.600 322.19 0.00 0.00 322.19 59161YAP1 1373 101 METRO 249,000.00 249,000.00 249,000.00 1.700 1.700 347.92 0.00 0.00 347.92 3130AQWY5 1374 101 FHLB 1,000,000.00 1,000,000.00 1,000,000.00 1.700 1.724 1,416.66 0.00 0.00 1,416.66 27004PCM3 1375 101 EGLMRK 245,000.00 245,000.00 245,000.00 2.000 2.000 402.73 0.00 0.00 402.73 64034KAZ4 1376 101 NELNET 245,000.00 245,000.00 245,000.00 1.800 1.800 362.46 0.00 0.00 362.46 24773RCR4 1377 101 DELTA 245,000.00 245,000.00 245,000.00 2.000 2.000 402.74 0.00 0.00 402.74 91139LAB2 1378 101 URSVLT 248,000.00 248,000.00 248,000.00 1.900 1.900 387.29 0.00 0.00 387.29 565819AG4 1379 101 MRTHON 248,000.00 248,000.00 248,000.00 1.800 1.800 366.90 0.00 0.00 366.90 91282CCW9 1380 101 USTR 500,000.00 466,454.17 466,454.17 0.750 0.811 310.77 0.00 0.00 310.77 91282CDG3 1381 101 USTR 500,000.00 473,396.82 473,396.82 1.125 1.179 458.56 0.00 0.00 458.56 91282CBQ3 1382 101 USTR 750,000.00 698,025.00 698,025.00 0.500 0.542 310.77 0.00 0.00 310.77 912828654 1383 101 USTR 1,000,000.00 999,010.00 999,010.00 2.375 2.358 1,936.14 0.00 0.00 1,936.14 50625LAW3 1384 101 LFYTT 248,000.00 248,000.00 248,000.00 2.050 2.050 417.86 0.00 0.00 417.86 3130ARGJ4 1385 101 FHLB 500,000.00 500,000.00 500,000.00 2.500 2.535 1,041.67 0.00 0.00 1,041.67 Run Date: 12/07/2022 - 22:12 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 7 September 1, 2022 - September 30, 2022 CUSIP Investment # Fund Issuer Ending Par Value Beginning Book Value Ending Book Value Current Rate Annualized Yield Interest Earned Adjusted Interest Earnings Amortization/ Realized Accretion Gainl/Loss Adjusted Interest Earnings Fund: General Fund 20033A3A2 1386 101 CCBA 248,000.00 248,000.00 248,000.00 2.650 2.650 540.17 0.00 0.00 540.17 3130ARGY1 1387 101 FHLB 1,000,000.00 1,000,000.00 1,000,000.00 2.700 2.738 2,250.00 0.00 0.00 2,250.00 02007GPX5 1388 101 ALLY 245,000.00 245,000.00 245,000.00 2.550 2.550 513.49 0.00 0.00 513.49 52168UHY1 1389 101 LEADR 245,000.00 245,000.00 245,000.00 2.550 2.550 513.49 0.00 0.00 513.49 9128283D0 1390 101 USTR 1,000,000.00 985,190.00 985,190.00 2.250 2.265 1,834.24 0.00 0.00 1,834.24 91282CEF4 1391 101 USTR 1,000,000.00 976,860.00 976,860.00 2.500 2.553 2,049.55 0.00 0.00 2,049.55 254673E69 1392 101 DISCOV 245,000.00 245,000.00 245,000.00 3.100 3.100 624.25 0.00 0.00 624.25 91282CAR2 1393 101 USTR 4,000,000.00 3,979,880.00 3,979,880.00 0.125 0.125 407.61 0.00 0.00 407.61 91282CBD2 1394 101 USTR 2,000,000.00 1,982,265.63 1,982,265.63 0.125 0.125 203.80 0.00 0.00 203.80 91282CAN1 1395 101 USTR 0.00 3,985,625.00 0.00 0.125 4.665 396.17 0.00 14,375.00 14,771.17 48115LAD6 1396 101 JOVIA 248,000.00 248,000.00 248,000.00 2.500 2.500 509.60 0.00 0.00 509.60 912828X88 1397 101 USTR 1,000,000.00 969,687.50 969,687.50 2.375 2.429 1,936.14 0.00 0.00 1,936.14 91282CEN7 1398 101 USTR 500,000.00 495,000.00 495,000.00 2.750 2.755 1,120.93 0.00 0.00 1,120.93 91282CET4 1399 101 USTR 500,000.00 491,842.18 491,842.18 2.625 2.661 1,075.82 0.00 0.00 1,075.82 9128282U3 1400 101 USTR 500,000.00 490,850.00 490,850.00 1.875 1.926 776.93 0.00 0.00 776.93 3133ENYH7 1401 101 FFCB 500,000.00 499,080.00 499,080.00 2.625 2.666 1,093.75 0.00 0.00 1,093.75 91282CBD2 1402 101 USTR 3,000,000.00 2,972,578.13 2,972,578.13 0.125 0.125 305.71 0.00 0.00 305.71 91282CAX9 1403 101 USTR 4,000,000.00 3,972,031.25 3,972,031.25 0.125 0.126 409.84 0.00 0.00 409.84 91282CAN1 1404 101 USTR 0.00 1,992,780.00 0.00 0.125 4.685 198.09 0.00 7,220.00 7,418.09 91282CAR2 1406 101 USTR 2,000,000.00 1,989,440.00 1,989,440.00 0.125 0.125 203.81 0.00 0.00 203.81 912828N30 1407 101 USTR 2,000,000.00 1,996,240.00 1,996,240.00 2.125 2.112 3,464.67 0.00 0.00 3,464.67 912828M80 1408 101 USTR 3,000,000.00 2,996,670.00 2,996,670.00 2.000 1.997 4,918.03 0.00 0.00 4,918.03 3130ASDV8 1409 101 FHLB 300,000.00 300,000.00 300,000.00 3.300 3.346 825.00 0.00 0.00 825.00 9128283C2 1410 101 USTR 2,000,000.00 1,999,940.00 1,999,940.00 2.000 1.984 3,260.87 0.00 0.00 3,260.87 91282CAN1 1411 101 USTR 0.00 1,991,942.00 0.00 0.125 5.217 198.09 0.00 8,058.00 8,256.09 912828N30 1412 101 USTR 2,000,000.00 1,996,680.00 1,996,680.00 2.125 2.111 3,464.67 0.00 0.00 3,464.67 912828M80 1413 101 USTR 2,000,000.00 1,997,980.00 1,997,980.00 2.000 1.997 3,278.69 0.00 0.00 3,278.69 9128283C2 1414 101 USTR 1,000,000.00 999,977.00 999,977.00 2.000 1.984 1,630.44 0.00 0.00 1,630.44 89269FDP7 1415 101 TRADCP 246,000.00 246,000.00 246,000.00 3.000 3.000 606.58 0.00 0.00 606.58 91282CFB2 1417 101 USTR 1,000,000.00 989,460.00 989,460.00 2.750 2.757 2,241.85 0.00 0.00 2,241.85 912828XT2 1418 101 USTR 1,000,000.00 985,240.00 985,240.00 2.000 2.024 1,639.34 0.00 0.00 1,639.34 397417AQ9 1419 101 GRNWDS 248,000.00 248,000.00 248,000.00 3.050 3.050 621.69 0.00 0.00 621.69 88413QDN5 1420 101 3RD 245,000.00 245,000.00 245,000.00 3.300 3.300 664.52 0.00 0.00 664.52 02589ADH2 1421 101 AMEXNB 245,000.00 245,000.00 245,000.00 3.450 3.450 694.73 0.00 0.00 694.73 91282CFB2 1422 101 USTR 1,000,000.00 979,645.67 979,645.67 2.750 2.784 2,241.85 0.00 0.00 2,241.85 912796YB9 1423 101 USTR 3,000,000.00 0.00 2,951,409.30 3.221 0.00 0.00 0.00 0.00 912796YB9 1424 101 USTR 2,000,000.00 0.00 1,967,621.12 3.220 0.00 0.00 0.00 0.00 Run Date: 12/07/2022 - 22:12 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta Total Earnings Page 8 September 1, 2022 - September 30, 2022 Adjusted Interest Earnings Ending Beginning Ending Current Annualized Interest Amortization/ Realized Adjusted Interest CUSIP Investment # Fund Issuer Par Value Book Value Book Value Rate Yield Earned Accretion Gainl/Loss Earnings Fund: General Fund 732329BD8 1425 101 PONCE 248,000.00 0.00 248,000.00 3.500 3.500 356.71 0.00 0.00 356.71 3133ENL99 1426 101 FFCB 1,000,000.00 0.00 997,492.55 3.375 3.430 1,500.00 0.00 0.00 1,500.00 052392BT3 1427 101 AUSTEL 248,000.00 0.00 248,000.00 3.800 3.800 232.37 0.00 0.00 232.37 9128283U2 1428 101 USTR 3,000,000.00 0.00 2,988,390.00 2.375 2.365 193.62 0.00 0.00 193.62 914242AA0 1429 101 UNIVCU 248,000.00 0.00 248,000.00 4.000 4.000 108.71 0.00 0.00 108.71 22258JAB7 1430 101 CNTYSC 248,000.00 0.00 248,000.00 4.400 0.00 0.00 0.00 0.00 912828Q29 1431 101 USTR 2,000,000.00 0.00 1,977,200.00 1.500 1.522 82.42 0.00 0.00 82.42 91282CBN0 1432 101 USTR 3,000,000.00 0.00 2,956,788.66 0.125 0.128 10.36 0.00 0.00 10.36 3133ENQ29 1433 101 FFCB 1,000,000.00 0.00 996,400.00 4.000 4.070 111.11 0.00 0.00 111.11 Subtotal 204,508,689.55 205,892,052.87 203,577,744.66 1.492 209,516.07 0.00 48,648.14 258,164.21 Fund: Fiscal Agent SYS1058 1058 231 USBANK 4,603.25 14,973,176.11 4,603.25 0.372 4,580.54 0.00 0.00 4,580.54 Subtotal 4,603.25 14,973,176.11 4,603.25 0.372 4,580.54 0.00 0.00 4,580.54 Fund: Housing Authority : WSA and LQ SYS1062 1062 241 LQPR 405,627.44 416,132.51 405,627.44 0.00 0.00 0.00 0.00 Subtotal 405,627.44 416,132.51 405,627.44 0.00 0.00 0.00 0.00 Fund: SA Low/Mod Bond Fund 25-33-005 1113 249 LAIF 2,018,767.39 2,018,767.39 2,018,767.39 1.513 1.350 2,240.57 0.00 0.00 2,240.57 Subtotal 2,018,767.39 2,018,767.39 2,018,767.39 1.350 2,240.57 0.00 0.00 2,240.57 Total 206,937,687.63 223,300,128.88 206,006,742.74 1.414 216,337.18 0.00 48,648.14 264,985.32 Run Date: 12/07/2022 - 22:12 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 i ta City of La Quinta City of LaQuinta Maturity Report GEM ofrhe DESERT — Sorted by Maturity Date Amounts due during July 1, 2022 - September 30, 2022 Sec. Maturity Purchase Rate Book Value Maturity Net CUSIP Investment # Fund Type Issuer Par Value Date Date at Maturity at Maturity Interest Proceeds Income 89269CBX9 1148 101 MC1 TRAD 245,000.00 08/08/2022 06/08/2018 3.000 245,000.00 624.25 245,624.25 624.25 12556LBA3 1219 101 MC1 CITBNK 245,000.00 08/23/2022 08/23/2019 1.900 245,000.00 2,308.37 247,308.37 2,308.37 02587CFU9 1096 101 MC1 AMFSB 240,000.00 08/29/2022 08/29/2017 2.400 240,000.00 2,856.33 242,856.33 2,856.33 85916VDC6 1201 101 MC1 STRLNG 245,000.00 08/29/2022 06/28/2019 2.150 245,000.00 894.75 245,894.75 894.75 91282CAG6 1405 101 TRC USTR 5,000,000.00 08/31/2022 06/13/2022 0.125 4,988,450.00 3,125.00 5,003,125.00 14,675.00 3135GOW33 1233 101 FAC FNMA 1,000,000.00 09/06/2022 10/29/2019 1.375 992,100.00 6,875.00 1,006,875.00 14,775.00 3133EGWJO 1247 101 FAC FFCB 1,000,000.00 09/29/2022 02/05/2020 1.400 999,217.36 7,000.00 1,007,000.00 7,782.64 9128282W9 1178 101 TRC USTR 500,000.00 09/30/2022 03/01/2019 1.875 489,687.50 4,687.50 504,687.50 15,000.00 91282CAN1 1395 101 TRC USTR 4,000,000.00 09/30/2022 06/06/2022 0.125 3,985,625.00 2,500.00 4,002,500.00 16,875.00 91282CAN1 1404 101 TRC USTR 2,000,000.00 09/30/2022 06/13/2022 0.125 1,992,780.00 1,250.00 2,001,250.00 8,470.00 91282CAN1 1411 101 TRC USTR 2,000,000.00 09/30/2022 06/29/2022 0.125 1,991,942.00 1,250.00 2,001,250.00 9,308.00 Total Maturities 16,475,000.00 Run Date: 12/07/2022 - 22:28 16,414,801.86 33,371.20 16,508,371.20 93,569.34 Portfolio CITY CIO MA (PRF_MA) 7.1.1 Report Ver. 7.3.6.1 1 City of La Quinta City of LaQuinta t(VPurchases Report GEM ofrhe DESERT - Sorted by Security Type - Fund July 1, 2022 - September 30, 2022 Sec. Original Purchase Principal Accrued Interest Rate at Maturity Ending CUSIP Investment # Fund Type Issuer Par Value Date Payment Periods Purchased at Purchase Purchase Date YTM Book Value Federal Agency Coupon Securities 3133ENL99 1426 101 FAC FFCB 1,000,000.00 09/15/2022 03/15 - 09/15 997,492.55 3.375 09/15/2027 3.430 997,492.55 3133ENQ29 1433 101 FAC FFCB 1,000,000.00 09/30/2022 03/29 - 09/29 996,400.00 Received 4.000 09/29/2027 4.080 996,400.00 Subtotal 2,000,000.00 1,993,892.55 0.00 1,993,892.55 Treasury Coupon Securities 91282CF132 1417 91282CF132 1422 9128283U2 1428 912828Q29 1431 91282CBNO 1432 101 TRC USTR 101 TRC USTR 101 TRC USTR 101 TRC USTR 101 TRC USTR Subtotal 1,000,000.00 08/15/2022 01/31 - 07/31 1,000,000.00 08/29/2022 01/31 - 07/31 3,000,000.00 09/30/2022 01/31 - Final Pmt. 2,000,000.00 09/30/2022 03/31 - Final Pmt. 3,000,000.00 09/30/2022 02/28 - Final Pmt. 10,000,000.00 989,460.00 Received 2.750 07/31/2027 2.980 989,460.00 979,645.67 Received 2.750 07/31/2027 3.200 979,645.67 2,988,390.00 Received 2.375 01/31/2023 3.533 2,988,390.00 1,977,200.00 1.500 03/31/2023 3.824 1,977,200.00 2,956,788.66 Received 0.125 02/28/2023 3.630 2,956,788.66 9,891,484.33 0.00 9,891,484.33 Treasury Discount Notes 912796YB9 1423 101 ATD USTR 3,000,000.00 09/02/2022 03/02 - At Maturity 2,951,409.30 3.221 03/02/2023 3.320 2,951,409.30 912796YB9 1424 101 ATD USTR 2,000,000.00 09/02/2022 03/02 - At Maturity 1,967,621.12 3.220 03/02/2023 3.318 1,967,621.12 Subtotal 5,000,000.00 4,919,030.42 0.00 4,919,030.42 Certificate of Deposits 89269FDP7 1415 101 MC1 TRADCP 246,000.00 07/20/2022 01/20 - 07/20 246,000.00 3.000 01/22/2024 3.008 246,000.00 88413QDN5 1420 101 MC1 3RD 245,000.00 08/19/2022 02/19 - 08/19 245,000.00 3.300 08/19/2027 3.302 245,000.00 02589ADH2 1421 101 MC1 AMEXNB 245,000.00 08/29/2022 01/27 - 07/27 245,000.00 Received 3.450 07/27/2027 3.067 245,000.00 732329BD8 1425 101 MC1 PONCE 248,000.00 09/15/2022 10/15 - Monthly 248,000.00 3.500 09/15/2027 3.502 248,000.00 052392BT3 1427 101 MC1 AUSTEL 248,000.00 09/21/2022 10/01 - Monthly 248,000.00 3.800 09/21/2027 3.770 248,000.00 914242AAO 1429 101 MC1 UNIVCU 248,000.00 09/26/2022 10/26 - Monthly 248,000.00 4.000 09/26/2025 3.891 248,000.00 22258JAB7 1430 101 MC1 CNTYSC 248,000.00 09/30/2022 10/30 - Monthly 248,000.00 4.400 09/30/2027 4.325 248,000.00 Subtotal 1,728,000.00 1,728,000.00 0.00 1,728,000.00 CERBT - OPEB Trust SYS1114 1114 101 LA2 CALPRS 1,792,152.96 07/01/2022 12/31 - Monthly 1,792,152.96 1,660,262.83 Subtotal 1,792,152.96 1,792,152.96 0.00 1,660,262.83 Total Purchases 20,520,152.96 20,324,560.26 0.00 20,192,670.13 Received = Accrued Interest at Purchase was received by report ending date. Portfolio CITY CID Run Date: 12/07/2022 - 22:24 PU (PRF_PU) 7.1.1 Report Ver. 7.3.6.1 City of La Quinta Purchases Report July 1, 2022 - September 30, 2022 Page 2 Sec. Original Purchase Principal Accrued Interest Rate at Maturity Ending CUSIP Investment # Fund Type Issuer Par Value Date Payment Periods Purchased at Purchase Purchase Date YTM Book Value Run Date: 12/07/2022 - 22:24 Portfolio CITY CP PU (PRF_PU) 7.1.1 Report Ver. 7.3.6.1 US Treasury Rates https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily treasury yield curve&field tdr date value=2022 Date 1 mo 2 mo 3 mo 6 mo 1 yr 2 yr 3 yr 5 yr 7/29/2022 2.22 2.28 2.41 2.91 8/31/2022 2.40 2.72 2.96 3.32 9/30/2022 2.79 3.20 3.33 3.92 2.98 2.89 2.83 3.50 3.45 3.46 4.05 4.22 4.25 Effective Effective Rate of Rate of 7 yr 10 yr 20 yr 30 yr Return Return City City Portfolio Portfolio (month) (YTD) 2.70 2.70 2.67 3.20 3.00 1.14 1.14 3.30 3.25 3.15 3.53 3.27 1.30 1.22 4.06 3.97 3.83 4.08 3.79 1.45 1.3 TREASURY RATES AND PORTFOLIO RETURNS +1-YrTreasury t5-YrTreasury -Effective Rate of Return City Portfolio (YTD) 4.25 4 3.75 3.5 3.25 3 2.75 2.5 2.25 2 1.75 1.5 1.25 1 0.75 0.5 0.25 0 ,tiD ,tiD ,tiD ,titi ,tit ,tit .tit .ti'ti ,tit ,tit titi titi titi '4ti ,tit ,ti'L ry'L ,ti'Y tiry ti~ titi titi tiry ryti ,y0 ,yD ,y0 ,tiD ,tiD ,tiD ,tiD ,tiD ,ti0 ti0 ,ti0 ,ti0 ,ti0 ,ti0 ,ti0 ,LO ,ti0 ,tiD ryD ,ti0 ,ti0 ,ti0 ,ti0 ,tiD City of La Quinta BUSINESS SESSION ITEM NO. 1 FINANCIAL ADVISORY COMMISSION MEETING: December 14, 2022 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE FISCAL YEAR 2021/22 MEASURE G SALES TAX COMPLIANCE REPORT RECOMMENDATION. Receive and file fiscal year 2021/22 Measure G Sales Tax Compliance Report. EXECUTIVE SUMMARY Measure G revenue for fiscal year 2021/22 was $15,615,802 and the Measure G reserve balance as of June 30, 2022 was $15,355,043. • The Financial Advisory Commission (FAC) provides oversight of Measure G revenue and prepares an annual Measure G Sales Tax Oversight Report to ensure Measure G revenue is used in compliance with the ballot initiative. This report will also be reviewed by the City Council. FISCAL IMPACT - None BACKGROUND/ANALYSIS In accordance with the Measure G ballot measure, the FAC provides oversight of Measure G funds. This Measure G Report was prepared by the Finance Department with assistance from FAC members (Commissioners Batavick and Luettjohann). The Annual Measure G Sales Tax Oversight Report for Fiscal Year 2021/22 (Attachment 1) covers the period from July 1, 2021 through June 30, 2022, and provides a summary of the Measure G revenue and expenditures for the fiscal year, as well as an inception -to -date summary. ALTERNATIVE: The FAC may request additional information before filing this Report. Prepared by: Claudia Martinez, Finance Director Attachment: 1. Annual Measure G Sales Tax Oversight Report for Fiscal Year Ended June 30, 2022 ATTACHMENT 1 ANNUAL MEASURE G SALES TAX OVERSIGHT Qa�tra REPORT FOR FISCAL YEAR ENDED JUNE 30, 2022 CALIFORNIA OVERVIEW The Financial Advisory Commission (FAC) provides oversight of Measure G tax revenue. This Annual Measure G Sales Tax Oversight Report covers the fiscal year beginning July 1, 2021 through June 30, 2022. Exhibit A includes a detailed summary of all Measure G activity. Measure G is a 1% transactions tax applied to sales of taxable goods and is part of the overall 8.75% sales tax rate in the City. It applies to goods transferred at the point of sale (businesses within La Quinta City limits), and to goods purchased in other jurisdictions that are delivered to addresses within the City. Measure G revenue continues to help La Quinta thrive and is integral to the future financial health of the City. These funds assist in realizing the Sacred Values of La Quinta now and in the future: Health and Wellness, High Quality Aesthetics, a Vibrant and Safe Community, a Visually Beautiful City and Cultural Diversity, to continue being recognized as the "The Gem of the Desert". REPORT HIGHLIGHTS • Since inception, over $29.8 million or 49% of Measure G funds have been allocated to improving citywide infrastructure and public recreational facilities. • Public safety services are a priority of La Quinta and have been supported with 26% of Measure G funds. • Fiscally responsible budgeting, prudent long-term financial projections, funds oversight, and financial transparency have strengthened the City's reserves with Measure G funds since the implementation of Measure G in April 2017. FISCAL YEAR 2021/22 REVENUES Total Measure G sales tax revenue for fiscal year 2021/22 was $15,615,802, which was greater than initially anticipated when budgeted. After experiencing effects of the COVID-19 pandemic, sales have bounced back significantly in 2021/22 and continue to show upward growth. Consumer spending has remained strong, and despite high inflation with rising prices, spending increased across most spending categories. These include general consumer goods and restaurants/hotels, followed by building/construction and fuel. Stronger than anticipated fiscal year-end Measure G sales tax revenues are a result of this higher consumer spending and demonstrate La Quinta residents and visitors continue to support our local economy. REVENUES SINCE INCEPTION The chart below summarizes Measure G revenue received from fiscal years 2016/17 thru 2021/22. Revenue has continued to increase since the pandemic due to economic inflation and the previously noted higher consumer activity. However, this is anticipated to result in slower growth into 2023 as interest rates increase; resulting in downward pressure on sales of consumer goods, automobiles, and building materials. REVENUES SINCE INCEPTION $60,909,142 $16 $14 $12 c $10 $8 $6 $4 $2 16/17 17/18 18/19 19/20 20/21 21/22 Fiscal Year =ISCAL YEAR 2021/22 USES The fiscal year 2021/22 operational expenses and capital improvements were prioritized, and the budget included a prudent reserve allocation for operational flexibility. By allocating some Measure G revenue to reserves, the City is able to maintain ongoing service levels, while providing for any unforeseen decreases in revenues as were experienced in 2019/20. USES SINCE INCEPTION Annually, the City hosts a community workshop to either affirm or determine the following year's budget priorities. Staff then evaluates funding options such as grants, interagency cost sharing, or use of reserves. Public safety services have been a community priority since before Measure G, and with the support of this additional revenue, the City has been able to maintain the public safety service levels the community desires. The chart below summarizes the uses, since the inception, of Measure G funds. The majority ($29.8 million, or 49%) of these funds are for projects to improve citywide infrastructure and public recreational facilities. Resery $ 15,355 Recreation $ 5,073,850 USES SINCE INCEPTION $60,909,142 blic Safety 15,708,000 Infrastructure Improvements $ 24,772,249 • Public Safety use shows the City's continuing commitment to provide all residents with a safe living environment. • Infrastructure improvement projects have included numerous road repairs, street striping projects, drainage improvements to avoid street flooding, an investment in Highway 111 (a crucial commercial corridor for our City where a majority of sales taxes are generated), an overhaul of landscape medians north of Highway 111, design of an updated corporate yard administrative and crew quarters, and the recent advance funding for the Dune Palms bridge project. • Recreation projects have included funding for the new X-Park adjacent to the La Quinta high school, the SilverRock event site, design of a new future Village Art Plaza Promenade connected to the La Quinta Museum, and Fritz Burns Park improvements. • Measure G reserves reflect fiscal responsibility and allow for operational flexibility by ensuring cash is available for public safety services and capital improvement projects when they are most efficient to complete. The chart below summarizes citywide infrastructure improvements and recreational projects, totaling $29,846,099 funded with Measure G revenues. Infrastructure Improvements and Recreational Projects City Facilities $411,013 Highway 111 $2,250,000 Roads/Bridges $9,440,219 Drainage $3,352,103 Parks $5,073,850 Landscaping $9,318,914 $- $1 $2 $3 $4 $5 $6 $7 $8 $9 $10 Millions MEASURE G BACKGROUND AND COMPLIANCE SUMMARY Voters passed Ballot Measure G in November 2016. Measure G provides a permanent one percent transactions and use tax, effective April 1, 2017, which is fully allocated to the City of La Quinta and protected from State takeaways. All Measure G revenues shall be used in accordance with the ballot measure for costs including police protection, projects such as parks, streets, landscaping, and flood mitigation, programs attracting businesses, youth/senior services, sports recreation programs, and preserving property values and quality of life. This report confirms all Measure G tax revenues are properly recorded and are being used in accordance with the ballot measure. City Council, management, and staff thank all residents for their continuing support and investment in our community. Prior oversight reports and information on Measure G are located online at https://www.laquintaca.gov/business/tax-measure. Questions regarding this report or the use of Measure G funds may be directed to the Finance Department by calling 760-777-7150 or by email at finance@laquintaca.gov. CITY OF LA QUINTA EXHIBIT A Fiscal Year (FY) 2016/17 Actual $ 1,462,650 2017/18 Actual 9,967,657 2018/19 Actual 10,958,118 2019/20 Actual 10,310,526 2020/21 Actual 12,594,389 2021/22 Actual 15,615,802 TOTAL $ 60,909,142 Fiscal Year Project Description Operational Capital Reserves Total by Year 2016/17 Eisenhower Dr. Retention Basin 750,000 X-Park Funding 712,650 - 1,462,650 2017/18 Public Safety Fund 300,000 North La Quinta Landscape Improvements 1,802,576 Citywide Drainage Enhancements 2,407,373 La Quinta Village Road Diet Project 1,972,158 X-Park Funding 147,350 Alongi Building Improvements 800,000 SilverRock Event Site 321,900 SilverRock Event Site 244,700 Alongi Building at SilverRock Event Site 160,000 SilverRock Event Site 290,000 SilverRock Event Site Retention Basin 10,000 SilverRock Event Site Retention Basin 427,250 Measure G Reserves 2017/18 1,084,350 9,967,657 2018/19 Public Safety Fund 850,000 Public Safety Contract Services 2,100,000 Citywide Drainage Enhancements 194,730 North La Quinta Landscape Improvements 2,129,613 SilverRock Event Site 1,300,000 Measure G Reserves 2018/19 4,383,775 10,958,118 2019/20 Public Safety Contract Services 2,750,000 Corporate Yard Administration/Crew Quarters 411,013 Highway 111 Corridor Improvements 1,000,000 North La Quinta Landscape Improvements 3,703,369 Village Art Plaza Promenade 310,000 Measure G Reserves 2019/20 2,136,144 10,310,526 2020/21 Public Safety Contract Services 4,545,000 X-Park Landscaping 275,000 Highway 111 Corridor Improvements 250,000 Measure G Reserves 2020/21 7,524,389 12,594,389 2021/22 Public Safety Contract Services 5,163,000 Landscape Renovation Improvements 1,408,356 Highway 111 Corridor Improvements 1,000,000 Fritz Burns Park Improvements 350,000 Allocate Advance Bridge Funding 7,468,061 Measure G Reserves 2021/22 226,385 15,615,802 $ 60,909,142 TOTAL $ 15,708,000 $ 29,846,099 $ 15,355,043 26% 49% 25% City of La Quinta BUSINESS SESSION ITEM NO. Z FINANCIAL ADVISORY COMMISSION MEETING: December 14, 2022 STAFF REPORT AGENDA TITLE: APPOINT TWO FINANCIAL ADVISORY COMMISSIONERS TO SERVE ON THE FISCAL YEAR 2023/24 GENERAL FUND OPERATING BUDGET SUBCOMMITTEE RECOMMENDATION Appoint two Financial Advisory Commissioners to serve on the Fiscal Year 2023/24 General Fund Operating Budget Subcommittee. EXECUTIVE SUMMARY The annual General Fund operating budget includes the use of Measure G sales taxes with oversight by the Financial Advisory Commission (FAC). • Staff recommends the FAC appoint two Commissioners to serve on a subcommittee to discuss revenue and expense projections for fiscal year (FY) 2023/24. The subcommittee shall prepare a report and present key findings to FAC at the April special meeting. BACKGROUND/ANALYSIS Measure G was approved on November 8, 2016 and adopted by resolution on December 20, 2016 with an effective date of April 1, 2017. Additional funds generated by the Measure are subject to citizen oversight by the FAC. Each year the General Fund operating budget includes revenue projections and uses of Measure G funds. City staff recommends appointing two Commissioners to the subcommittee to review the FY 2023/24 General Fund projections. Staff and the subcommittee shall present a report to FAC at the April special meeting for discussion. Staff anticipates the time commitment for the subcommittee to be two, two-hour meetings during the months of February and March. The review will include the following: 1. An overview of how the City's budget is formulated. 2. A review of all General Fund revenue projections. 3. A review of all General Fund uses. 4. A review of Special Funds dependent on contributions from the General Fund such as the SilverRock Golf Course Fund, Landscape and Lighting District Fund, and the Gas Tax Fund. 5. Proposed uses of Measure G sales tax revenue. ALTERNATIVE'. The subcommittee may be comprised of up to three commissioners. Prepared by: Claudia Martinez, Finance Director BUSINESS SESSION ITEM NO. 3 City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING December 14, 2022 STAFF REPORT AGENDA TITLE: APPOINT TWO FINANCIAL ADVISORY COMMISSIONERS TO FORM A 10-YEAR FINANCIAL PROJECTIONS TASK FORCE RECOMMENDATION Appoint two Financial Advisory Commissioners to form a 10-year financial projections task force. EXECUTIVE SUMMARY • Ten-year financial projections are prepared every year after the comprehensive audit is complete and prior to the annual community workshop. • The Financial Advisory Commissioners (FAC) have expressed an interest in forming a 10-year financial projections task force. • The FAC typically appoints two Commissioners to serve on subcommittees. BACKGROUND/ANALYSIS During the FAC meeting on November 9, 2022 Commissioners expressed an interest in forming a 10-year financial projections task force. The task force may consist of up to three Commissioners but typically two are appointed. The task force will: • Review the current 10-year financial projections • Formulate and present recommendations to enhance the presentation of the 10-year projections ALTERNATIVES The subcommittee may be comprised of up to three commissioners. Prepared by: Claudia Martinez, Finance Director STUDY SESSION ITEM NO. 1 City of La Quints FINANCIAL ADVISORY COMMISSION MEETING: December 14, 2022 STAFF REPORT AGENDA TITLE. DISCUSS RESERVE ANALYSIS REVIEW AND DRAFT REPORT RECOMMENDATION Discuss Reserve Analysis Review and Draft Report and provide further direction for Final Report to be presented in February. EXECUTIVE SUMMARY • In 2018 the City Council adopted a General Fund Balance and Reserves Policy (Policy). • The Policy is reviewed periodically to ensure reserve targets are appropriate for current fiscal conditions. • The subcommittee has prepared a Reserve Policy DRAFT Report for review and discussion. BACKGROUND/ANALYSIS During the 2017/18 budget process City Council requested an analysis of the City's reserves. Three members of the Financial Advisory Commission (FAC) joined staff in an in-depth analysis with additional hours of independent research. From this study, the Policy was created and subsequently adopted by City Council in May 2018. In order to conduct a review of the Policy, in October 2022 the FAC appointed three members to serve on a subcommittee (Commissioners Ellen Way, Keith Dorsey, and Brian Anderson). Working with staff, the subcommittee reviewed: • the current reserve policy and funding • reserve categories • best practices recommended by accounting standards boards • mitigation risks, including a review of insurance policies The subcommittee's work will continue over the next 6-8 weeks as we review additional insurance and risk information, as well as the 2021/22 financial statements. The subcommittee will also incorporate feedback from this study session into the final draft report, which will be presented to the FAC at the February meeting. The Reserve Policy DRAFT Report is attached for review and discussion. Prepared by: Rosemary Hallick, Financial Services Analyst Attachment 1: Reserve Policy DRAFT Report ATTACHMENT I ta 6 2a 0r� FINANCE Reserve Policy Analysis Draft Report Financial Advisory Commission Reserve Policy Subcommittee November 2022 This Page Intentionally Left Blank Table of Contents Contents ExecutiveSummary....................................................................................1 1.0 Background.......................................................................................... 2 1.0 Financial Advisory Commission & Reserve Analysis Subcommittee......................................................................................... 2 1.1 Reserve Policy Subcommittee.......................................................2 2.0 Reserve Policy....................................................................................2 2.1 Background.....................................................................................2 2.2 Current Reserve Policy....................................................................3 2.3 Guiding Principles, City of La Quinta Reserves................................5 2.4 Ten -Year Financial Projection.........................................................6 3.0 General Fund Reserves.........................................................................5 3.1 Emergency Reserve........................................................................5 3.1.1 Natural Disaster Component.......................................................5 3.1.2 Economic Disaster Component.....................................................6 3.2 Cash Flow Reserve..........................................................................8 3.3 CIP Sinking Fund Reserve...............................................................9 3.4 Unfunded Pension Liability...........................................................10 TOC-i City of La Quinta Financial Advisory Commission Reserve Policy Sub -Committee Draft Report Executive Summary In 2017, at the direction of City Council, the Financial Advisory Commission (FAC) conducted an analysis and developed a General Fund Balance and Reserves Policy (the Reserve Policy) which was adopted in May 2018. At a special meeting of the FAC on October 5, 2022 the FAC appointed Commissioners Brian Anderson, Keith Dorsey, and Ellen Way to serve on a sub- committee to analyze and recommend updates to the City's Reserve Policy. The Reserve Policy Subcommittee met independently and with City Finance Staff on multiple occasions. The Subcommittee focused on utilizing the previously established methodology to determine the appropriate reserve levels based on the past several years' actual events and financial results, as well as the current and projected economic conditions. These interim recommendations will be reviewed by the FAC on December 14, 2022. Any updates will be incorporated into the report, and a final recommendation will be presented to the FAC for approval to present to City Council at the February 2023 meeting. Recommendations The following is a summary of the recommendations for the Reserve Policy update: 1. Continue to utilize a Ten -Year Projection to evaluate the City's financial condition and update it annually. 2. Emergency Reserve with two components: Natural Disaster and Economic a. Emergency Reserve Natural Disaster Component i. Utilize a comprehensive Asset/Risk/Insurance/Government Funding Study (Study), to set this reserve level. ii. Increase target to $XX million. b. Emergency Reserve Economic Disaster Component -increase target by $2 million to $13 million. 3. Cash Flow Reserve. No changes recommended at this time, cash flow reserve target to remain at a minimum of $5 million or a percent of budgeted revenues. 1 4. Capital Replacement Reserve. Increase target by $2 million to $12 million based on CPI increases since last study. 5. Pension Trust. Keep an appropriate level of funding in the pension trust to cover any unfunded liability as reported on the annual CalPERS Actuarial Valuation. At a minimum, the pension trust target should be set at $5.0 million. 6. Current Unassigned Reserves. Target to be set based on GFOA guidelines of 2 months of operating budget. Utilized to fund the recommended Reserve/Trust targets, and also one-time operating expenses or projects at the discretion of the Council. 1.0 Background 1.0 Financial Advisory Commission & Reserve Analysis Subcommittee The principal functions of the FAC are: (1) review at least annually the City's investment policy and recommend appropriate changes; (2) review monthly treasury reports and note compliance with the investment policy and adequacy of cash and investments for anticipated obligations; (3) receive and consider other reports provided by the City Treasurer; (4) meet with the independent auditor after completion of the annual audit of the city's financial statements, and receive and consider the auditor's comments on auditing procedures, internal controls, and findings for cash and investment activities; (5) review annually the revenue derived from the one percent (1%) transactions and use tax (Measure G) instituted by voters in November 2016 to ensure these funds are used to provide services, programs and capital projects in the City, and (6) serve as a resource for the City treasurer on matters such as proposed investments, internal controls, use of financial institutions, custodians, brokers and dealers. The current FAC members include; Richard (Dick) Mills (Chairman), Keith Dorsey (Vice -Chairman), George Batavick, Ellen Way, Brian Anderson, Justin Luettjohann, and Shelley Mast. 1.1 Reserve Policy Subcommittee At a special FAC meeting on October 5, 2022, the FAC appointed Brian Anderson, Keith Dorsey, and Ellen Way to serve on a sub -committee to analyze and recommend updates to the City's Reserve Policy. 2.0 Reserve Policy 2.1 Background N The Government Accounting Standards Board (GASB) is the organization that establishes standards for accounting and financial reporting for state and local governments. GASB provides that it is common practice for governments to put aside resources to be used in a financial emergency or for cash flow purposes. Reserve funds are crucial to the financial viability and stability of a municipality. Strong reserve funds: • manage cash flows and volatility in revenue and expenditures • address unexpected economic fluctuations with long-term solutions • provide needed money if a municipality should find itself facing unexpected financial difficulties • reduce the cost of borrowing money. There is no guidance for a "maximum" reserve limit but rather each organization should evaluate reserves depending upon their unique circumstances. There will always be more needs and unanticipated events than there are resources; therefore, governments must balance the need to be fiscally responsible with what are reasonable reserves. The amount of reserves a municipality maintains is determined by the community's risk tolerance; a low -risk tolerance will result in higher reserves while a high -risk tolerance will result in lower reserves. Financial Reserves provide the City with financial flexibility and strength to deal with planned and unplanned expenditures. Reserve levels must balance realistic financial need and risk. The Reserve Policy should strive to establish reserve levels that are not over or under -funded, specify the intended use of reserves, and the replenishment of underfunded reserves. 2.2 Current Reserve Policy The current Reserve Policy includes the following Fund Balance Descriptions: • Non -spendable: not available to fund operating expenditures of the organization because they are in the form of land and receivables. • Restricted: limited to special purpose funds such as Measure A (transportation), Gas Tax Fund (streets) and Quimby Funds (parks). Restricted funds are subject to external constraints imposed by covenants or laws which cannot be changed by the City. • Committed: cash flow (currently working capital), emergency, and operating carryovers. Committed funds are subject to constraints imposed by formal government action (such as a resolution or ordinance) M • Assigned: constrained by the City's intent to use funds for public safety or capital projects. Constraints on assigned funds can be more easily removed or modified than those imposed on committed reserves. • Unassigned (Unappropriated): net reserves available after satisfying the other reserve categories which may be appropriated at the will of the governing body Table 2 depicts the Current General Fund Reserve/Fund Balances Table 2 - General Fund Reserve/Fund Balances Category As of §L3 2022 Target Funding Committed Reserves Natural Disaster $ 10,000,000 $ 10,000,000 Economic Downturn $ 11,000,000 $ 11,000,000 Cash Flow $ 5,000,000 $ 5,000,000 Capital Replacement $ 10,000,000 $ 10,000,000 Sub Total $ 36, 000, 000 $ 36, 000, 000 Restricted Pension Trust $ 10,000,000 $ 10,137,888 Unassigned $ 8,000,000 Measure G Unassigned Grand Total $ $ - 54,000,000 $ $ 15,355,043 61,492,931 2.3 Guiding Principles, City of La Quinta Reserves The City follows the following budgetary and cash management principles: • One-time revenues should not be utilized for on -going expenditures. One- time revenues should be put into reserves or appropriated for one-time expenditures. • Expenditure planning for facility improvements, equipment replacement, and information technology should be part of the on -going budget process utilizing internal service funds. • When authorizing the use of reserves, developing a plan to replenish those reserves should also be considered. • The Reserve Policy can be amended by resolution and requires a 4/5tn approval of the Council. 2.4 Ten -Year Financial Projection 4 A Ten -Year Financial Projection is essential to aid in determining the fiscal health of the City. Since 2016, the City has presented a 10-year financial projection to the Council and citizens, generally as part of the Community Workshop which is the kick- off to the annual budget process. The projection is updated annually by the City staff along with a separate subcommittee of FAC members. The Ten -Year Projection provides an easy tool for the City to periodically analyze its financial condition as new information becomes available. One can easily see the impact on City finances by simply changing an inflator assumption or line item starting balance. Small changes in some of the inputs can result in significant changes in the financial projections The City is currently working on adoption of a software program that will aid in the maintenance of this report and allow staff to more easily make these edits to assumptions Recommendation; Continue to utilize the Ten -Year Projection to evaluate the City"s financial condition. The Ten -Year Projection should be updated annually. 3.0 General Fund Reserves The subcommittee worked within the already established methodology to determine the appropriate reserve levels, and also explored utilizing a percentage -based methodology as recommended by the GFOA. The processes establish a rationale and protocol that allows for a review of reserves based on actual economic conditions as needed. 3.1 Emergency Reserve As defined in the City's municipal code (§ 2.20.020 A), the terms emergency or disaster mean: " The actual or threatened existence of conditions of disaster or of extreme peril to the safety of persons and property within this City caused by such conditions as air pollution, fire, flood, storm, epidemic, riot, earthquake or other conditions, including conditions resulting from war or imminent threat of war but other than conditions resulting from a labor controversy, which conditions are or are likely to be beyond the control of the services, regular personnel, equipment and facilities of the City and which may require the combined forces of other political jurisdictions to combat." In 2018, it was determined that the City should have an emergency reserve with two subcomponents, since fiscal emergencies can be caused by natural disasters or swings in the economy. 3.1.1 Natural Disaster Component 5 The Emergency Reserve -Natural Disaster component will provide funding for floods, earthquakes and other natural disasters. The determination of the level of this reserve component required the following analysis: 1. Capital Asset Inventory & Valuation: What do we have and what is it worth? 2. Capital Asset Risk Assessment: Which assets are more critical in a disaster? 3. Insurance Coverage: How do we evaluate risk versus premium? 4. Government Disaster Funding: How much will Federal, state and/or county government contribute in a disaster? City staff maintains an asset list for the purposes of analyzing risk and determining insurance coverage. In an emergency, individual assets with insurance coverage do not qualify for federal or state reimbursement. Furthermore, federal reimbursement is limited to 75% and state reimbursement is limited to 18.75% of total expenditures. Based on current insurance coverage the potential city liability could be $XX million. Assets that are not covered by insurance or government natural disaster funding should be considered for 100% reserve funding. Non -critical assets may be considered for 50% reserve funding for a total recommended reserve of $XX million. The committee is continuing to work with City staff regarding insurance coverages, limits of liability, excess limit, premium costs, etc. In particular, the committee feels the earthquake coverage may need to be expanded as the current coverage limit is only $10.0 million. Recommendation; This reserve is currently at 10.0 million, and the committee has not yet established a new target as risk and insurance review is still ongoing. 3.1.2 Economic Downturn Component The Emergency Reserve -Economic Downturn component will provide funding to respond to a downturn in the economy. To establish this reserve level, the City's financial data was analyzed from 2008 to 2022 as this period included the Great Recession (generally 2007-2009), the loss of Redevelopment Agencies (2011-2012), and the economic downturn as a result of the COVID-19 pandemic initial lockdowns (2020). Figure 1, on the following page, (Long - Term Economic History) plots Revenue, Expenditures and Net Income during this period. Figure 1-Long-Term Economic History City of La Quinta-Revenues-Expenditures & Net Income Actual FY2008-2022 -Revenue -Npenses Net lnconie $70,000,000 $60,000,000 . $50,000,000 - $40,000,000 530,000,000 $20,000,000 $10,000,000 $(1010001000) - - - - - - 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 In each of the economic dips, the City's revenue declined between $5.0 and $6.0 million. In each case, the City was able to mitigate the losses due to healthy budget surpluses in prior years (unassigned reserves) or through expense reductions. However, there is no guarantee in future years that this would be possible. As inflationary pressures have increased the pricing for capital improvement as well as for operational expenditures, losses will be more difficult to mitigate. Rather than only looking at past years, the committee recommends that the current reserve level be maintained or increased by $2.0 million to adjust for the CPI increase since inception of the policy Applied to Economic Percent Downturn Year HALF1 FY change Reserves 2017 $ 11, 000, 000 2018 102.02317-18 Adopted 2019 104.99818-19 2.92% 102.92% $ 11,321,200 2020 107.06819-20 1.97% 101.97% $ 11,544,228 2021 111.588 20-21 4.22% 104.22% $ 12,031,394 2022 122.018 21-22 9.35% 109.35% $ 13,156,329 7 Access to this reserve should be granted for economic stabilization and volatility as a direct result of economic conditions during periods of unanticipated economic downturns or unanticipated spikes in operating costs. Use of emergency reserves due to economic pressures should be limited to maintaining essential day-to-day services, such as public safety or responding to adverse circumstances, while the City formulates a longer -term strategy. Use of the economic disaster reserves should be defined in policy and may include: • Funds used to balance the budget if revenues are projected to be 10% less than prior year actual revenues, or • Operating expenses if projected to be 10% more than prior year actual expenses. Recommendation: Retain the Emergency Reserve -Economic Disaster component at $11 million, or increase by $2.0 million to $13 million to account for CPI increases. 3.2 Cash Flow Reserve This reserve covers the inherent mismatch of revenues versus expenditures due primarily to tax revenue receipts. $(1,000,000) $(2,000,000) $(3,000,000) $(4,000,000) $(5,000,000) $(6,000,000) $(7,000,000) $(8,000,000) Figure 2-Cash Flow Imbalance from 2017-2022 Cash Flow 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 Average GF Cumulative Variance Banking Cumulative Variance 10%Budget 8 It was formerly recommended that the Cash Flow Reserve be updated annually by calculating the prior fiscal year monthly surplus/(deficit) of revenues versus expenditures; with the largest cumulative deficit becoming the updated Cash Flow Reserve. Figure 2 above shows the monthly cash imbalances whereby revenues are not received uniformly throughout the year, which results in peaks and valleys depending upon large payments that are received throughout the year. For example, large property tax payments are usually received in December and May. Similarly, transient occupancy tax payments increase during months with large festivals and events. The timing imbalance of revenue receipts versus expenditures is funded from the City's cash flow reserves. As you can see from the chart, whether looking at Tyler revenue and expenditure totals by month, or by banking total debits and credits, the cash flow imbalances vary widely from year to year. For FY 2021/22 this analysis yielded a $7.1 million cash flow imbalance, while the average imbalance over the past 6 years has been $3.2 million. An easier and more straightforward approach might be to utilize the GFOA recommendations of a percentage of operating revenues being reserved for cash flow needs. Under this approach, the reserve target could be 10% of budgeted revenues, which would produce a much more stable reserve currently averaging $5.1 million (see grey line in Figure 2). Recommendation: Continue to fund Cash Flow Reserve at $5 million and review annually. 3.3 Capital Replacement Reserve Page XX from the FY 2021/22 Annual Comprehensive Financial Report (ACFR) describes the City's capital assets. Table 3 below summarizes the Depreciable Assets from this information. Table 3-Depreciable Assets \\ lien n,'vv V I IZ i, luihl 11cd The total Ten -Year Capital Improvement Program (CIP) budget includes minimum funding to secure Measure A and Gas Tax revenue for road improvements ($1.5 million annually). Capital expenses are typically supplemented with restricted funds such as those for road improvements, Quimby Funds for parks, developer impact fees (DIF), and grant funds. In addition to the General Fund, the City also maintains ten-year revenue and expenditure projections on these additional CIP funding sources. 9 When adopted, the initial recommendation was to match annual depreciation with capital spending and establish a Capital Replacement Reserve to set aside funds to supplement any funding gaps, particularly in Special Revenue Fund revenues as these can vary significantly from year to year. As costs have increased over the years since adoption, the committee recommends increasing this reserve by an amount of the CPI index. Applied to Capital Percent Improvement Year HALF1 FY change Reserves 2017 $ 10, 000, 000 2018 102.02317-18 Adopted 2019 104.99818-19 2.92% 102.92% $ 10,292,000 2020 107.06819-20 1.97% 101.97% $ 10,494,752 2021 111.588 20-21 4.22% 104.22% $ 10,937,631 2022 122.018 21-22 9.35 % 109.35 % $ 11, 960, 299 Recommendation: Increase Capital Replacement Reserve by $2.0 million to $12 million. 3.4 Unfunded Pension Liability As of June 30, 2021, the CalPERS Unfunded Liability was $10.2 million (6.8% discount rate), however, the CalPERS Net Pension Liability is a moving target and is dependent on the CalPERS discount rate and actual market returns. City staff and a separate FAC subcommittee have studied the pension liability based on the 2021 actuarial reports and have recommended that the City pay down the unfunded liability with a mix of pension trust funds and unassigned reserves. Eliminating or reducing the CalPERS Net Pension Liability is prudent as it will improve the financial condition of the City and send a message that the City is addressing this issue in a fiscally responsible manner. By continuing to fund a pension trust, the City could retain funds that would be available to utilize to pay the unfunded pension liability that may arise due to market conditions or changes to the discount rate. In general, paying earlier reduces long-term pension costs because additional contributions have more time to compound investment returns, reducing the need for future contributions. The extent to which any additional contributions would lower future payments would depend largely on realized investment returns. 10 Recommendation; Retain the established Pension Trust, utilize $5.0 million to pay down the currently known unfunded liability, set a flexible target based on each year's actuarial report, and fund annually as a needed to reach target. This recommendation assumes that a matching amount of at least $5.0 million in unassigned reserves will also be used to pay down the unfunded liability. 11 DEPARTMENTAL REPORT ITEM NO. 1 City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING DEPARTMENT REPORT TO: Members of the Financial Advisory Commission FROM. Claudia Martinez, Finance Director DATE: December 14, 2022 SUBJECT: FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES In addition to items presented as staff reports, the Finance Department would like to provide updates on the following matters. AUDIT & FINANCIAL REPORTING • Completed the Annual FY 2021/22 Measure A Local Streets and Roads Audit and filed the required report with the Riverside County Transportation Commission. • Completed the Annual FY 2021/22 Street and Road Improvement Audit and filed the required report with the State Controller's Office. • Annual Development Project Fee Reports for all Development Impact Fee Funds and the Art in Public Place Fund- submitted reports to required external agencies and will present reports to City Council on December 20, 2022. • Citywide Comprehensive fiscal year 2021/22 Audit - in progress COMMITTEE UPDATES • Completed the Annual Measure G Sales Tax Oversight Compliance Report for FY 2021/22 • FY 2023/24 General Fund Operating Budget and 10-Year Projection Task force- selection of subcommittees • Reserve Policy Update - in progress It is important to note the items mentioned in this update are in addition to the daily functions of the Finance Department, which include, but are not limited to, staff report writing/review, payroll, accounts payable, accounts receivable, revenue processing, journal entries, capital accounting, project accounting, purchasing, investing, cash/treasury management, bank reconciliations, budgeting, research and analysis, staff training and development, and general financial support for all City departments. POWER POINTS FAC SPECIAL MEETING DECEMBER 14, 2022 Financial Advisory Commissio Special Meeting 12/14/2022 e J 'I �I• r yp'W j � � F' �'f CA 12/14/2022 2 Emergency Reserves- Natural Disaster • Capital Assets -What do we own and what is it worth • Risk- How much insurance coverage • Natural Disaster Funding- How much does the State or Federal Gov't contribute • Still being reviewed by subcommittee, no firm recommendation at this time Emergency Reserves -Economic Downturn • City has mitigated previous downturns by adjusting expenditures or with budget surpluses/reserves • Using the current $11.0 million and applying an annual CPI adjustment to years since policy inception, the subcommittee recommends a $2.0 million increase to $13.0 million Cash Flow Reserves • Previously utilized revenue to expenditure analysis to review cumulative deficits • Percentage of budget method reduces fluctuations in the number • Subcommittee recommends keeping the $5.0 million target for this category Cash Flow Reserve Banking GF Cumulative Cumulative GF Operating Fiscal Year Variance Variance Budget 1 10% Budget 2016-17 1 $ (4.713.356)1 $ (604.128)1 1 40.408.600 1 1 4.040,860 2018-19 1 1 (2.944.006)1 $ (2.447.211)1 1 52,297.400 1 1 5.229,740 2020-21 1 1 (1.377.612)1 1 (1.843.638)1 $ 50,726.100 1 1 5.072,610 Average 1 $ (2,576,967)1 $ (3,280,857)1 $ 51,439,185 1 $ 5,143,919 Capital Replacement Reserves • Used to fund capital projects • Using the current $10.0 million and applying an annual CPI adjustment to years since policy inception, the subcommittee recommends a $2.0 million increase to $12.0 million Unfunded Pension Liability • FAC pension subcommittee recommendation to pay off the City's UAL with a combination of unassigned reserves and pension trust • This subcommittee supports those findings and recommends a minimum target of $5 million for the pension trust • Review the unfunded liability annually and adjust pension trust as needed Unassigned Reserves Set initially at $8 million minimum Recommend minimum be based on GFOA guidelines of 2 months of operating budget, which for 22/23 would be $10.8 million • Financial Advisory Commission Special Meeting 12/14/2022 Business Session Item No. 1 Receive and File the Measure G Sales Tax Oversight Compliance Report for Fiscal Year 2021/22 1 C 1PtiC _ . WIT Overview of Measure G • Transaction and use sales tax • Voter approved on November 2016 • Effective on April 1, 2017 • No sunset • Protected from State takeaways • Oversight by Financial Advisory Commission 12/14/2022 2016/17 $1,462,650 Public Safety 2017/18 $ 9,967,657 Landscape Improvements 2018/19 $ 10,958,118 Parks 2019/20 $ 10,310,526 Drainage 2020/21 $ 12,594,389 Road Improvements/Bridges 2021/22 $15,615,802 Highway 111 City Facilities Reserves 15 16 $15,708,000 $ 9,318,914 $ 5,073,850 $ 3,352,103 $ 9,440,219 $ 2,250,000 $ 411,013 $ 15,355,043 Discussion and Questions The Financial Advisory Commission's Next Regular Quarterly Meeting is on February 8, 2023 m CAt i` y _