2023 05 10 FACt(V0
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Financial Advisory Commission agendas and staff
reports are now available on the City's web page:
www.laguintaca.gov
FINANCIAL ADVISORY COMMISSION
AGENDA
CITY HALL COUNCIL CHAMBER
78495 Calle Tampico, La Quinta
WEDNESDAY, MAY 10, 2023, AT 4:00 P.M.
******************************
Members of the public may listen to this meeting by tuning -in live via
httD://Iaauinta.12milesout.com/video/live.
CALL TO ORDER
Roll Call: Commissioners: Anderson, Batavick, Dorsey, Luettjohann, Mast, Way and Chair Mills
PLEDGE OF ALLEGIANCE
11J-1I[0K410]LTA IJ�1=1►III &1=Iz6111:ie'["II kiK
Members of the public may address the Commission on any matter listed or not listed on the
agenda as follows:
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 JDelgado(cb-LaQuintaCA.gov, no
later than 12:00 p.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.
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.
FINANCIAL ADVISORY COMMISSION AGENDA Page 1 of 4 MAY 10, 2023
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
the 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 Chair.
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 § 7920.000 et seq.].
TELECONFERENCE ACCESSIBILITY — INSTRUCTIONS
Teleconference accessibility may be triggered in accordance with AB 2449 (Stats. 2022, Ch. 285),
codified in the Brown Act (Government Code § 549531, if a member of the Commission requests
to attend and participate in this meeting remotely due to `just cause" or "emergency
circumstances, " as defined, and only if the request is approved. In such instances, remote public
accessibility and participation will be facilitated via Zoom Webinar as detailed at the end of this
Agenda.
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)].
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 APRIL 5, 2023
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED FEBRUARY 28,
2023
FINANCIAL ADVISORY COMMISSION AGENDA Page 2 of 4 MAY 10, 2023
3. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED MARCH 31,
2023
4. RECEIVE AND FILE THIRD QUARTER FISCAL YEAR 2022/23 TREASURY REPORTS
FOR JANUARY, FEBRUARY, AND MARCH 2O23
BUSINESS SESSION
1. APPROVE THE FISCAL YEAR 2023/24 MEETING DATES
2. APPROVE THE FISCAL YEAR 2023/24 INVESTMENT POLICY
STUDY SESSION
1. DISCUSS FISCAL YEAR 2023/24 PRELIMINARY PROPOSED BUDGET
DEPARTMENTAL REPORTS
1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES
2. FOURTH QUARTER 2022 (OCTOBER-DECEMBER) SALES TAX UPDATE FOR THE
CITY OF LA QUINTA
COMMISSIONERS' ITEMS
ADJOURNMENT
The La Quinta Financial Advisory Commission will hold a special meeting on June 7, 2023,
commencing at 4:00 p.m. at the La Quinta City Hall Council Chamber, 78495 Calle Tampico, La
Quinta, CA 92253.
DECLARATION OF POSTING
I, Jessica Delgado, Secretary of the Financial Advisory Commission of the City of La Quinta, do
hereby declare that the foregoing Agenda for the Commission meeting of May 10, 2023, was
posted on the City's website, near the entrance to the Council Chamber at 78495 Calle Tampico
and the bulletin board at 51321 Avenida Bermudas, on May 5, 2023.
DATED: May 5, 2023
Jessica Delgado, Commission Secretary
City of La Quinta, California
FINANCIAL ADVISORY COMMISSION AGENDA Page 3 of 4 MAY 10, 2023
Public Notices
• Agenda packet materials are available for public inspection: 1) at the Clerk's Office at
La Quinta City Hall, located at 78495 Calle Tampico, La Quinta, California 92253; and
2) on the City's website at https://www.laguintaca.gov/our-citV/citV-
government/boards-and-commissions/financial-advisory-commission, in accordance
with the Brown Act [Government Code § 54957.5; AB 2647 (Stats. 2022, Ch. 971)].
The La Quinta City Council Chamber is handicapped accessible. If special equipment is
needed for the hearing impaired, please contact Commission Secretary at (760) 777-7150,
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.
*** TELECONFERENCE PROCEDURES — PURSUANT TO AB 2449***
APPLICABLE ONLY WHEN TELECONFERENCE ACCESSIBILITY IS IN EFFECT
Verbal public comments via Teleconference — members of the public may attend and
participate in this meeting by teleconference via Zoom and use the "raise your hand" feature
when public comments are prompted by the Chair; the City will facilitate the ability for a member
of the public to be audible to the Commission and general public and allow him/her/they to speak
on the item(s) requested. Please note — members of the public must unmute themselves
when prompted upon being recognized by the Chair, in order to become audible to the
Commission and the public.
Only one person at a time may speak by teleconference and only after being recognized by the
Chair.
ZOOM LINK: https://us06web.zoom.us/m/82853067939
Meeting ID: 898 3998 4651
Or join by phone: (253) 215 — 8782
Written public comments — can be provided in person during the meeting or emailed to
JDelgado(a)LaQuintaCA.gov any time prior to the adjournment of the meeting, and will be
distributed to the Commission, made public, incorporated into the public record of the meeting,
and will not be read during the meeting unless, upon the request of the Chair, a brief summary of
any public comment is asked to be read, to the extent the Committee can accommodate such
request.
FINANCIAL ADVISORY COMMISSION AGENDA Page 4 of 4 MAY 10, 2023
CONSENT CALENDAR ITEM NO. 1
FINANCIAL ADVISORY COMMISSION
SPECIAL MEETINr
MINUTES
WEDNESDAY APRIL 5, 2023
CALL TO ORDER
A special 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, Luettjohann, Mast, Way, and
Chair Mills
ABSENT: None
STAFF PRESENT: Finance Director Martinez, Financial Services Analyst Hallick,
Account Technician Batuta, Management Assistant Delgado, Management Analyst
Mignogna, Public Works Director/City Engineer McKinney, Design and Development
Director Castro, and Planning Manager Flores
PLEDGE OF ALLEGIANCE
Commissioner Batavick led the audience in the Pledge of Allegiance.
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA — None
CONFIRMATION OF AGENDA
Staff requested that Study Session Item No. 1 "Discuss Projects to be Included in Fiscal
Years 2023/24 Through 2027/28 Capital Improvement Program Budget" be moved for
consideration before the Business Session items. The Commission concurred.
ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS — None
CONSENT CALENDAR ITEMS
1. APPROVE SPECIAL MEETING MINUTES DATED FEBRUARY 2, 2023
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
DECEMBER 31, 2022
3. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
JANUARY 31, 2023
4. RECEIVE AND FILE SECOND QUARTER FISCAL YEAR 2022/23 TREASURY
REPORTS FOR OCTOBER, NOVEMBER, DECEMBER 2022
FINANCIAL ADVISORY COMMISSION MINUTES Page 1 of 3 APRIL 5, 2023
SPECIAL MEETING
Motion — A motion was made and seconded by Commissioners Anderson/Mast to
approve the Consent Calendar as submitted. Motion passed unanimously.
STUDY SESSION > > > taken out of Agenda order
1. DISCUSS PROJECTS TO BE INCLUDED IN FISCAL YEARS 2023/24
THROUGH 2O27/28 CAPITAL IMPROVEMENT PROGRAM (CIP) BUDGET
Management Analyst Mignogna and Public Works Director/City Engineer McKinney
presented the staff report, which is on file in the Finance Department.
The Commission and staff discussed CIP transportation projects; CIP funding type and
sources; cost for the Avenue 48 Art and Music Line project; upcoming resurfacing and
road improvement pavement projects; and Fritz Burns (FB) Park improvements.
Further discussion followed on the proposed additional amenities for the FB park per the
Draft Master Plan, posted on the City's website at www.laguintaca.gov/FBpark, and on
the contemplated Washington Street sidewalk improvements.
The Commission inquired on the X-Park building Americans with Disabilities Act (ADA)
improvements. Staff mentioned ADA accessibility is required by State law.
The Commission and staff discussed parks and facilities projects; Highway 111 event site
design and funding details; Highway 111 Corridor project plan; housing element funding
sources; process for development impact fee (DIF) reimbursements per DIF agreement;
and Measure G funding for projects.
BUSINESS SESSION >>> taken out of Agenda order
1. RECEIVE AND FILE FISCAL YEAR 2022/23 MID -YEAR BUDGET REPORT
Finance Director Martinez presented the staff report, which is on file in the Finance
Department.
The Commission and staff discussed details for Redevelopment Property Tax Trust Fund
(RPTTF) payments listed under the general fund revenues in attachment 1 to the staff
report and budget adjustments for the City's outstanding pension obligations.
Motion — A motion was made and seconded by Commissioners Way/Dorsey to receive
and file fiscal year 2022/23 Mid -Year Budget report. Motion passed unanimously.
STUDY SESSION — Continued
2. DISCUSS ANNUAL COMMUNITY WORKSHOP 2023 AND 2023/24 BUDGET
PROCESS
FINANCIAL ADVISORY COMMISSION MINUTES Page 2 of 3 APRIL 5, 2023
SPECIAL MEETING
Finance Director Martinez presented the staff report, which is on file in the Finance
Department.
The Commission and staff discussed workshop attendance; advertising medium for the
workshop; and community priorities such as road diet to reduce speeding, improvements
to the historic casita on Calle Tampico and Eisenhower Drive, road improvements
throughout the City, and village parking enhancements.
DEPARTMENTAL REPORTS — All reports are on file in the Finance Department.
1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES
Finance Director Martinez provided an update on current and upcoming Finance
Department projects. She mentioned the City Commission seats that are available and
encouraged anyone interested in applying to visit the City website at
https://www.laguintaca.gov/our-city/city-government/boards-and-commissions for an
application or more information.
COMMISSIONERS' ITEMS — None
ADJOURNMENT
There being no further business, it was moved by Commissioner Dorsey/Anderson to
adjourn this meeting at 5:56 p.m. Motion passed unanimously.
Respectfully submitted,
Jessica Delgado, Management Assistant
City of La Quinta, California
FINANCIAL ADVISORY COMMISSION MINUTES Page 3 of 3 APRIL 5, 2023
SPECIAL MEETING
City of La Quinta
CONSENT CALENDAR ITEM NO. 2
FINANCIAL ADVISORY COMMISSION MEETING: May 10, 2023
STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT
DATED FEBRUARY 28, 2023
RECOMMENDATION
Receive and file revenue and expenditure report dated February 28, 2023.
EXECUTIVE SUMMARY
• The report summarizes the City's year-to-date (YTD) revenues and period
expenditures for February 2023 (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, including carryovers from
the prior fiscal year.
Period Activitv — represents actual revenues received and expenditures outlaid in
the reporting month.
Fiscal Activitv — 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.
February 2023 Revenues
Comparison to LY
Percent of
Percent of
MTD
YTD
Budget
YTD
Budget
General Fund (GF)
$8,249,813
$36,229,873
49.26%
$36,448,459
55.74%
All Funds
$9,159,822
$61,719,635
33.44%
$60,918,525
40.86%
February 2023 Expenditures
Comparison to LY
Percent of
Percent of
MTD
YTD
Budget
YTD
Budget
General Fund
$2,459,781
$23,239,930
22.44%
$20,815,940
29.47%
Payroll (GF)
$748,257
$8,319,986
60.29%
$6,992,643
60.97%
All Funds
$4,518,331
$55,198,808
24.99%
$49,261,895
30.67%
General Fund
Non -General Fund
Property Tax in lieu of Vehicle License Fees
$
2,535,881
SilverRock Greens Fees
$
557,943
Measure G Sales Tax
$
1,762,443
Developer Impact Fees - Transportation
$
70,341
Transient Occupancy (Hotel) Tax
$
1,406,237
Gas Tax
$
69,328
Sales Tax
$
1,378,373
Developer Impact Fees - Parks & Rec
$
39,724
Franchise Tax- Burrtec
$
309,944
Developer Impact Fees - Civic Center
$
21,930
General Fund
Non -General Fund
Sheriff Contract (November -December)
$
1,157,561
Capital Improvement Program - Construction(')
$ 1,446,721
X-Park Programming (January -March)
$
71,347
Capital Improvement Program - Professional Services(2)
$ 82,073
Parks Landscape Maintenance
$
60,804
Lighting & Landscape Maintenance
$ 69,905
Marketing and Tourism Promotions
$
45,377
Software Implementation(3)
$ 40,291
I'�CIP Construction: X-Park landscaping, North La Quinta landscape conversion project, Jefferson/Avenue 53 roundabout.
(2)CIP Professional Services: Consulting expenses associated with multiple ongoing capital improvement projects.
(3)System setup, data entry, and staff training for GIs software and new permitttng/licensing software.
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 February 28, 2023
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 - SO 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
For Fiscal: 2022/23 Period Ending: 02/28/2023
Revenue Summary
Variance
Original
Current
Period
Fiscal
Favorable
Percent
Total Budget
Total Budget
Activity
Activity
(Unfavorable)
Used
68,321,100
73,544,100
8,249,813
36,229,873
-37,314,227
49.26%
5,003,505
5,003,505
0
4,990,403
-13,102
99.74%
2,691,011
2,691,011
69,328
1,010,939
-1,680,072
37.57%
2,867,000
2,867,000
50
-3,677
-2,870,677
0.13%
2,000
2,000
0
-157
-2,157
7.83%
156,000
156,000
0
169,545
13,545
108.68%
101,000
101,000
8,333
106,698
5,698
105.64%
2,483,300
2,483,300
0
556,386
-1,926,914
22.41%
25,000
25,000
0
0
-25,000
0.00%
64,000
64,000
13,865
38,859
-25,141
60.72%
1,875,000
1,875,000
0
801,391
-1,073,609
42.74%
0
0
0
-12
-12
0.00%
12,100
12,100
0
0
-12,100
0.00%
5,000
5,000
0
4,896
-104
97.92%
20,200
20,200
1,676
13,100
-7,100
64.85%
0
0
0
5,144,283
5,144,283
0.00%
54,400
54,400
0
12,681
-41,720
23.31%
0
0
0
-116
-116
0.00%
1,451,500
1,451,500
0
666,968
-784,532
45.95%
20,000
20,000
0
-2,155
-22,155
10.77%
15,000
15,000
4,883
37,306
22,306
248.70%
25,000
1,412,009
0
18,010
-1,393,999
1.28%
1,020,000
1,020,000
70,341
841,086
-178,914
82.46%
501,000
501,000
39,724
433,349
-67,651
86.50%
301,000
301,000
21,930
255,740
-45,260
84.96%
75,000
75,000
7,543
81,825
6,825
109.10%
152,000
152,000
14,034
192,505
40,505
126.65%
10,000
10,000
0
472
-9,528
4.72%
0
0
0
-4
-4
0.00%
101,000
101,000
7,011
77,552
-23,448
76.78%
75,500
75,500
5,167
64,227
-11,273
85.07%
153,000
153,000
5,669
47,121
-105,879
30.80%
2,200
2,200
0
-32
-2,232
1.45%
0
0
0
1,979,944
1,979,944
0.00%
1,100
1,100
0
0
-1,100
0.00%
13,136,811
79,240,072
0
1,798,025
-77,442,047
2.27%
1,000
1,000
0
-4
-1,004
0.38%
1,685,000
1,685,000
0
920,918
-764,082
54.65%
2,256,708
2,256,708
3,247
1,133,421
-1,123,287
50.22%
470,000
1,103,000
0
222,615
-880,385
20.18%
1,020,400
1,020,400
0
509,727
-510,673
49.95%
4,865,453
4,865,453
637,208
3,099,904
-1,765,549
63.71%
79,000
79,000
0
-344
-79,344
0.44%
5,500
5,500
0
-54
-5,554
0.98%
10,000
10,000
0
-40,509
-50,509
405.09%
100,000
100,000
0
306,925
206,925
306.92%
111,213,788
184,560,058
9,159,822
61,719,635
-122,840,424
33.44%
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: 02/28/2023
Expenditure Summary
Variance
Original
Current
Period
Fiscal
Favorable
Percent
Fund
Total Budget
Total Budget
Activity
Activity
(Unfavorable)
Used
101 - GENERAL FUND
64,651,274
103,559,460
2,459,781
23,239,930
80,319,530
22.44%
201 - GAS TAX FUND
2,687,351
3,703,799
45,774
712,367
2,991,432
19.23%
202 - LIBRARY & MUSEUM FUND
1,909,146
4,765,851
15,525
251,284
4,514,567
5.27%
203 - PUBLIC SAFETY FUND (MEASU
0
0
0
7,043
-7,043
0.00%
210 - FEDERAL ASSISTANCE FUND
152,600
339,977
0
1,785
338,192
0.53%
212 - SLESA (COPS) FUND
100,000
100,000
14,943
36,435
63,565
36.43%
215 - LIGHTING & LANDSCAPING FU
2,465,376
2,622,376
173,621
1,305,140
1,317,236
49.77%
220-QUIMBYFUND
0
466,967
0
0
466,967
0.00%
221- AB 939 - CALRECYCLE FUND
150,000
150,000
4,650
80,199
69,801
53.47%
223 - MEASURE A FUND
3,882,000
5,843,145
0
1,083,627
4,759,518
18.55%
226 - EMERGENCY MANAGEMENT F
12,000
12,000
14,913
25,055
-13,055
208.79%
227 - STATE HOMELAND SECURITY 1
5,000
5,000
0
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
0
14,973,153
-14,973,153
0.00%
235 - SO COAST AIR QUALITY FUND
46,500
46,500
1,232
6,806
39,694
14.64%
237 - SUCCESSOR AGCY PA 1 ADMII`
0
0
0
1,600
-1,600
0.00%
241 - HOUSING AUTHORITY
1,712,670
1,712,670
68,527
765,699
946,971
44.71%
243 - RDA LOW -MOD HOUSING FUG
250,000
305,000
0
255,000
50,000
83.61%
244 - HOUSING GRANTS (Multiple)
0
90,000
0
97,052
-7,052
107.84%
247 - ECONOMIC DEVELOPMENT FL
21,500
21,500
0
1,000
20,500
4.65%
249 - SA 2011 LOW/MOD BOND FUI
20,000
3,644,192
0
12,290
3,631,902
0.34%
250-TRANSPORTATION DIF FUND
500,000
1,916,757
0
400,000
1,516,757
20.87%
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%
254 - COMMUNITY & CULTURAL CEI
0
125,000
0
0
125,000
0.00%
270- ART INPUBLIC PLACES FUND
177,000
426,165
0
55,419
370,746
13.00%
310 - LQ FINANCE AUTHORITY DEBT
1,100
1,100
0
0
1,100
0.00%
401 - CAPITAL IMPROVEMENT PRO(
13,136,811
78,179,947
1,545,779
6,024,336
72,155,611
7.71%
501 - FACILITY & FLEET REPLACEMEI
1,608,750
2,214,714
25,360
856,500
1,358,213
38.67%
502 - INFORMATION TECHNOLOGY
2,258,054
2,358,054
116,068
1,089,608
1,268,446
46.21%
503 - PARK EQUIP & FACILITY FUND
545,000
1,618,000
0
99,118
1,518,882
6.13%
504 - INSURANCE FUND
984,100
984,100
0
893,040
91,060
90.75%
601 - SILVERROCK RESORT
4,782,135
4,802,135
32,158
2,875,947
1,926,188
59.89%
760 - SUPPLEMENTAL PENSION PLA
12,850
12,850
0
12,833
17
99.87%
761 - CERBT OPEB TRUST
1,500
1,500
0
760
740
50.67%
762 - PARS PENSION TRUST
55,000
55,000
0
31,468
23,532
57.21%
Report Total:
102,898,217
220,854,259
4,518,331
55,198,808
165,655,451
24.99%
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
Page 2 of 3
Fund Descriptions
Fund #
Name
Notes
101
General Fund
The primary fund of the City used to account for all revenue and expenditures of the City; a broad range of municipal
activities are provided through this fund.
105
Disaster Recovery Fund
Accounts for use of one-time federal funding designed to deliver relief to American workers and aid in the economic
recovery iin the wake of COVID-19. The American Rescue Plan Act (ARPA) was passed by Congress in 2021 to
provide fiscal recovery funds to state and local governments.
201
Gas Tax Fund
Gasoline sales tax allocations received from the State which are restricted to street -related expenditures.
202
Library and Museum Fund
Revenues from property taxes and related expenditures for library and museum services.
203
Public Safety Fund
General Fund Measure G sales tax revenue set aside for public safety expenditures.
210
Federal Assistance Fund
Community Development Block Grant (CDBG) received from the federal government and the expenditures of those
resources.
212
SLESF (COPS) Fund
Supplemental Law Enforcement Services Funds (SLESF) received from the State for law enforcement activities.
Also known as Citizen's Option for Public Safety (COPS).
215
Lighting & Landscaping Fund
Special assessments levied on real property for city-wide lighting and landscape maintenance/improvements and the
expenditures of those resources.
220
Quimby Fund
Developer fees received under the provisions of the Quimby Act for park development and improvements.
221
AB939 Fund/Cal Recycle
Franchise fees collected from the city waste hauler that are used to reduce waste sent to landfills through recycling
efforts. Assembly Bill (AB) 939.
223
Measure A Fund
County sales tax allocations which are restricted to street -related expenditures.
224
TUMF Fund
Developer -paid Transportation Uniform Mitigation Fees (TUMF) utilized for traffic projects in Riverside County.
225
Infrastructure Fund
Developer fees for the acquisition, construction or improvement of the City's infrastructure as defined by Resolution
226
Emergency Mgmt. Performance Grant (EMPG)
Federal Emergency Management Agency (FEMA) grant for emergency preparedness.
227
State Homeland Security Programs (SHSP)
Federal Emergency Management Agency (FEMA) grant for emergency preparedness.
230
CASP Fund, AB1379 / SB1186
Certified Access Specialist (CASp) program fees for ADA Accessibility Improvements; derived from Business
License renewals. Assembly Bill (AB) 1379 and Senate Bill (SB) 1186.
231
Successor Agency PA 1 RORF Fund
Successor Agency (SA) Project Area (PA) 1 Redevelopment Obligation Retirement Fund (RORF) for Redevelopment
Property Tax Trust Fund (RPTTF) taxes received for debt service payments on recognized obligations of the former
Redevelopment Agency (RDA).
235
SO Coast Air Quality Fund (AB2766, PM10)
Contributions from the South Coast Air Quality Management District. Uses are limited to the reduction and control of
airborne pollutants. Assembly Bill (AB) 2766.
237
Successor Agency PA 1 Admin Fund
Successor Agency (SA) Project Area (PA) 1 for administration of the Recognized Obligation Payment Schedule
(ROPS) associated with the former Redevelopment Agency (RDA).
241
Housing Authority
Activities of the Housinq Authority which is to promote and provide quality affordable housinq.
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 housinq proqrams,.
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 and transfers 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.
259
Maintenance Facilities DIF Fund
Developer impact fees collected for specific public improvements - maintenance facilities.
270
Art In Public Places Fund
Developer fees collected in lieu of art placement; utilized for acquisition, installation and maintenance of public
artworks.
275
LQ Public Safety Officer Fund
Annual transfer in from General Fund; distributed to public safety officers disabled or killed in the line of duty.
299
Interest Allocation Fund
Interest earned on investments.
310
LQ Finance Authority Debt Service Fund
Accounted for the debt service the Financing Authority's outstanding debt and any related reporting requirements.
This bond was fully paid in October 2018.
401
Capital Improvement Program Fund
Planning, design, and construction of various capital projects throughout the City.
405
SA PA 1 Capital Improvement Fund
Successor Agency (SA) Project Area (PA) 1 bond proceeds restricted by the bond indenture covenants. Used for
SilverRock infrastructure improvements.
501
Equipment Replacement Fund
Internal Service Fund for vehicles, heavy equipment, and related facilities.
502
Information Technology Fund
Internal Service Fund for computer hardware and software and phone systems.
503
Park Equipment & Facility Fund
Internal Service Fund for park equipment and facilities.
504
Insurance Fund
Internal Service Fund for city-wide insurance coverages.
601
SilverRock Resort Fund
Enterprise Fund for activities of the city -owned golf course.
602
SilverRock Golf Reserve Fund
Enterprise Fund for golf course reserves for capital improvements.
760
Supplemental Pension Plan (PARS Account)
Supplemental pension savings plan for excess retiree benefits to general employees of the City.
761
Other Post Benefit Obligation Trust (OPEB)
For retiree medical benefits and unfunded liabilities.
762
Pension Trust Benefit (PARS Account)
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: May 10, 2023
STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT
DATED MARCH 31, 2023
RECOMMENDATION
Receive and file revenue and expenditure report dated March 31, 2023.
EXECUTIVE SUMMARY
• The report summarizes the City's year-to-date (YTD) revenues and period
expenditures for March 2023 (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, including carryovers from
the prior fiscal year.
Period Activitv — represents actual revenues received and expenditures outlaid in
the reporting month.
Fiscal Activitv — 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.
March 2022 Revenues
Comparison to LY
YTD
YTD Percent
MTD
YTD
Percent of
YTD
of Budget
General Fund (GF)
$10,381,908
$46,639,214
59.38%
$44,904,294
68.67%
All Funds
$16,791,094
$78,928,778
41.64%
$74,252,490
49.81 %
March 2022 Expenditures
Comparison to LY
YTD
YTD Percent
MTD
YTD
Percent of
YTD
of Budget
General Fund
$16,063,852
$39,768,187
34.96%
$31,726,776
44.92%
Payroll (GF)
$11,275,216
$19,597,467
81.66%
$9,675,373
84.36%
All Funds
$27,211,314
$83,824,044
35.51 %
$72,030,939
44.85%
General Fund
Non -General Fund
Transfers In(l)
$
5,000,000
Lighting and Landscape Fund -Transfer In
$
1,500,000
Transient Occupancy (Hotel) Tax
$
1,816,657
County Government Revenue -Library/Museum
$
1,059,381
Measure G Sales Tax
$
1,420,306
Gas Tax Fund
$
745,689
Sales Tax
$
1,208,100
SilverRock and Gas Tax Funds - Transfer In(�1 (each)
$
600,000
Zoning Change Mitigation Fees
$
81,107
Allocated Interest
$
597,149
General Fund
Non -General Fund
Transfers Out(2)
$
2,757,000
Transfer Out(')- PARS Pension Trust
$
5,000,000
Sheriff Contract(December/January)
$
1,131,343
Capital Improvement Program- Construction(3)
$
2,902,185
Marketing and Tourism Promotions
$
222,996
Debt Service Payments- Successor Agency Bonds(4)
$
1,745,437
Parks Maintenance/Services
$
69,518
SilverRock Maintenance
$
172,713
Planning Professional Services
$
54,927
Capital Improvement Program - Design
$
152,921
(')Transfer into General Fund from PARS Trust fund to make payment to CalPERS for unfunded pension liability.
(2)Transfers Out of the General Fund into Lighting and Landscape, SilverRock Golf, and Gas Tax funds to support operations and complete
improvement projects.
�31CIP Construction: Dune Palms Bridge and North La Quinta landscape conversion project.
(4)Interest and principal payments for redevelopment bonds, funded by dedicated Redevelopment Property Tax Trust Fund (RPTTF) revenue.
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 March 31, 2023
ATTACHMENT
For Fiscal: 2022/23 Period Ending: 03/31/2023
Revenue Summary
- :1l.li i it{l Variance
Original Current Period Fiscal Favorable Percent
Fund Total Budget Total Budget Activity Activity (Unfavorable) Used
101 - GENERAL FUND 68,321,100 78,544,100 10,381,908 46,639,214-31,904,886 59.38%
105 - DISASTER RECOVERY FUND 5,003,505 5,003,505 0 4,990,403-13,102 99.74%
201 - GAS TAX FUND 2,691,011 2,691,011 745,689 1,756,628-934,383 65.28%
202 - LIBRARY & MUSEUM FUND 2,867,000 2,867,000 1,059,425 1,055,771-1,811,229 36.82%
203 - PUBLIC SAFETY FUND (MEASU 2,000 2,000 0 -157 -2,157 7.83%
210 - FEDERAL ASSISTANCE FUND 156,000 156,000 10,498 180,043 24,043 115.41%
212 - SLESA (COPS) FUND 101,000 101,000 8,333 115,032 14,032 113.89%
215 - LIGHTING & LANDSCAPING FU 2,483,300 2,483,300 1,500,000 2,056,386-426,914 82.81%
220-QUIMBYFUND 25,000 25,000 0 0-25,000 0.00%
221 - AB 939 - CALRECYCLE FUND 64,000 64,000 3,812 42,671-21,329 66.67%
223 - MEASURE A FUND 1,875,000 1,875,000 384,724 1,186,115-688,885 63.26%
225 - INFRASTRUCTURE FUND 0 0 0 -12 -12 0.00%
226 - EMERGENCY MANAGEMENT F 12,100 12,100 0 0-12,100 0.00%
227 - STATE HOMELAND SECURITY 1 5,000 5,000 0 4,896 -104 97.92%
230 - CASp FUND, AB 1379 20,200 20,200 1,704 14,804 -5,396 73.29%
231 - SUCCESSOR AGCY PA 1 RORF 0 0 1,518 5,145,816 5,145,816 0.00%
235 - 50 COAST AIR QUALITY FUND 54,400 54,400 63,497 76,178 21,778 140.03%
237 - SUCCESSOR AGCY PA 1 ADMII` 0 0 0 -116 -116 0.00%
241 - HOUSING AUTHORITY 1,451,500 1,451,500 91,455 1,034,506-416,994 71.27%
243 - RDA LOW -MOD HOUSING FUI` 20,000 20,000 0 -2,155-22,155 10.77%
244 - HOUSING GRANTS (Multiple) 0 0 160,000 160,000 160,000 0.00%
247 - ECONOMIC DEVELOPMENT FL 15,000 15,000 14,220 51,526 36,526 343.51%
249 - SA 2011 LOW/MOD BOND FUI 25,000 1,412,009 13,724 31,734-1,380,275 2.25%
250-TRANSPORTATION DIF FUND 1,020,000 1,020,000 16,036 857,122-162,878 84.03%
251 - PARKS & REC DIF FUND 501,000 501,000 8,424 441,773-59,227 88.18%
252 - CIVIC CENTER DIF FUND 301,000 301,000 4,920 260,660-40,340 86.60%
253 - LIBRARY DEVELOPMENT DIF 75,000 75,000 1,588 83,413 8,413 111.22%
254 - COMMUNITY & CULTURAL CEI 152,000 152,000 3,824 196,329 44,329 129.16%
255 - STREET FACILITY DIF FUND 10,000 10,000 0 472 -9,528 4.72%
256 - PARK FACILITY DIF FUND 0 0 0 -4 -4 0.00%
257 - FIRE PROTECTION DIF 101,000 101,000 1,476 79,028-21,972 78.25%
259 - MAINTENANCE FACILITIES DIF 75,500 75,500 1,252 65,479-10,021 86.73%
270 - ART IN PUBLIC PLACES FUND 153,000 153,000 51,387 98,508-54,492 64.38%
275 - LQ PUBLIC SAFETY OFFICER 2,200 2,200 2,000 1,968 -232 89.46%
299 - INTEREST ALLOCATION FUND 0 0 597,149 2,943,330 2,943,330 0.00%
310 - LQ FINANCE AUTHORITY DEBT 1,100 1,100 0 0 -1,100 0.00%
401 - CAPITAL IMPROVEMENT PRO( 13,136,811 79,240,072 101,089 1,899,114-77,340,958 2.40%
405 - SA PA 1 CAPITAL IMPRV FUND 1,000 1,000 0 -4 -1,004 0.38%
501 - FACILITY & FLEET REPLACEMEI 1,685,000 1,685,000 74,602 995,520-689,480 59.08%
502 - INFORMATION TECHNOLOGY 2,256,708 2,256,708 3,564 1,136,985-1,119,723 50.38%
503 - PARK EQUIP & FACILITY FUND 470,000 1,103,000 0 222,615-880,385 20.18%
504 - INSURANCE FUND 1,020,400 1,020,400 0 509,727-510,673 49.95%
601 - SILVERROCK RESORT 4,865,453 4,865,453 1,223,214 4,321,148-544,305 88.81%
602 - SILVERROCK GOLF RESERVE 79,000 79,000 75,000 74,656 -4,344 94.50%
760 - SUPPLEMENTAL PENSION PLA 5,500 5,500 5,000 4,946 -554 89.93%
761 - CERBT OPEB TRUST 10,000 10,000 77,829 37,320 27,320 373.20%
762 - PARS PENSION TRUST 100,000 100,000 102,234 159,388 59,388 159.39%
Report Tota1: 111,213,788 189,560,058 16,791,094 78,928,778-110,631,281 41.64%
Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report, published annually, is the best resource for all final audited
numbers.
Page 1 of 3
For Fiscal: 2022/23 Period Ending: 03/31/2023
Expenditure Summary
Variance
Original
Current
Period
Fiscal
Favorable
Percent
Fund
Total Budget
Total Budget
Activity
Activity
(Unfavorable)
Used
101 - GENERAL FUND
64,651,274
113,759,460
16,063,852
39,768,187
73,991,273
34.96%
201 - GAS TAX FUND
2,687,351
3,703,799
71,713
784,080
2,919,719
21.17%
202 - LIBRARY & MUSEUM FUND
1,909,146
4,765,851
130,803
382,187
4,383,664
8.02%
203 - PUBLIC SAFETY FUND (MEASU
0
0
0
7,043
-7,043
0.00%
210 - FEDERAL ASSISTANCE FUND
152,600
339,977
0
1,785
338,192
0.53%
212 - SLESA (COPS) FUND
100,000
100,000
12,819
49,254
50,746
49.25%
215 - LIGHTING & LANDSCAPING FU
2,465,376
2,622,376
205,251
1,510,391
1,111,985
57.60%
220-QUIMBYFUND
0
466,967
0
0
466,967
0.00%
221- AB 939 - CALRECYCLE FUND
150,000
150,000
10,980
128,759
21,241
85.84%
223 - MEASURE A FUND
3,882,000
5,843,145
0
1,083,627
4,759,518
18.55%
226 - EMERGENCY MANAGEMENT F
12,000
12,000
0
25,055
-13,055
208.79%
227 - STATE HOMELAND SECURITY 1
5,000
5,000
0
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
1,745,437
16,718,591
-16,718,591
0.00%
235 - SO COAST AIR QUALITY FUND
46,500
46,500
1,430
8,236
38,264
17.71%
237 - SUCCESSOR AGCY PA 1 ADMII`
0
0
3,250
4,850
-4,850
0.00%
241 - HOUSING AUTHORITY
1,712,670
1,712,670
141,712
1,309,112
403,558
76.44%
243 - RDA LOW -MOD HOUSING FUG
250,000
305,000
0
255,000
50,000
83.61%
244 - HOUSING GRANTS (Multiple)
0
90,000
0
97,052
-7,052
107.84%
247 - ECONOMIC DEVELOPMENT FL
21,500
21,500
1,000
2,000
19,500
9.30%
249 - SA 2011 LOW/MOD BOND FUI
20,000
3,644,192
0
62,290
3,581,902
1.71%
250-TRANSPORTATION DIF FUND
500,000
1,916,757
0
400,000
1,516,757
20.87%
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%
254 - COMMUNITY & CULTURAL CEI
0
125,000
0
0
125,000
0.00%
270- ART INPUBLIC PLACES FUND
177,000
426,165
13,561
68,980
357,185
16.19%
310 - LQ FINANCE AUTHORITY DEBT
1,100
1,100
0
0
1,100
0.00%
401 - CAPITAL IMPROVEMENT PRO(
13,136,811
78,179,947
3,055,106
9,079,442
69,100,505
11.61%
501 - FACILITY & FLEET REPLACEMEI
1,608,750
2,214,714
171,395
990,316
1,224,398
44.72%
502 - INFORMATION TECHNOLOGY
2,258,054
2,358,054
84,196
1,173,805
1,184,249
49.78%
503 - PARK EQUIP & FACILITY FUND
545,000
1,618,000
9,676
108,794
1,509,206
6.72%
504 - INSURANCE FUND
984,100
984,100
250
893,290
90,810
90.77%
601 - SILVERROCK RESORT
4,782,135
4,802,135
483,960
3,852,981
949,154
80.23%
760 - SUPPLEMENTAL PENSION PLA
12,850
12,850
0
12,833
17
99.87%
761 - CERBT OPEB TRUST
1,500
1,500
380
1,140
360
75.99%
762 - PARS PENSION TRUST
55,000
5,055,000
5,004,544
5,040,653
14,347
99.72%
Report Total:
102,898,217
236,054,259
27,211,314
83,824,044
152,230,215
35.51%
Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report, published annually, is the best resource for all final audited
numbers.
Page 2 of 3
Fund Descriptions
Fund #
Name
Notes
101
General Fund
The primary fund of the City used to account for all revenue and expenditures of the City; a broad range of municipal
activities are provided through this fund.
105
Disaster Recovery Fund
Accounts for use of one-time federal funding designed to deliver relief to American workers and aid in the economic
recovery iin the wake of COVID-19. The American Rescue Plan Act (ARPA) was passed by Congress in 2021 to
provide fiscal recovery funds to state and local governments.
201
Gas Tax Fund
Gasoline sales tax allocations received from the State which are restricted to street -related expenditures.
202
Library and Museum Fund
Revenues from property taxes and related expenditures for library and museum services.
203
Public Safety Fund
General Fund Measure G sales tax revenue set aside for public safety expenditures.
210
Federal Assistance Fund
Community Development Block Grant (CDBG) received from the federal government and the expenditures of those
resources.
212
SLESF (COPS) Fund
Supplemental Law Enforcement Services Funds (SLESF) received from the State for law enforcement activities.
Also known as Citizen's Option for Public Safety (COPS).
215
Lighting & Landscaping Fund
Special assessments levied on real property for city-wide lighting and landscape maintenance/improvements and the
expenditures of those resources.
220
Quimby Fund
Developer fees received under the provisions of the Quimby Act for park development and improvements.
221
AB939 Fund/Cal Recycle
Franchise fees collected from the city waste hauler that are used to reduce waste sent to landfills through recycling
efforts. Assembly Bill (AB) 939.
223
Measure A Fund
County sales tax allocations which are restricted to street -related expenditures.
224
TUMF Fund
Developer -paid Transportation Uniform Mitigation Fees (TUMF) utilized for traffic projects in Riverside County.
225
Infrastructure Fund
Developer fees for the acquisition, construction or improvement of the City's infrastructure as defined by Resolution
226
Emergency Mgmt. Performance Grant (EMPG)
Federal Emergency Management Agency (FEMA) grant for emergency preparedness.
227
State Homeland Security Programs (SHSP)
Federal Emergency Management Agency (FEMA) grant for emergency preparedness.
230
CASP Fund, AB1379 / SB1186
Certified Access Specialist (CASp) program fees for ADA Accessibility Improvements; derived from Business
License renewals. Assembly Bill (AB) 1379 and Senate Bill (SB) 1186.
231
Successor Agency PA 1 RORF Fund
Successor Agency (SA) Project Area (PA) 1 Redevelopment Obligation Retirement Fund (RORF) for Redevelopment
Property Tax Trust Fund (RPTTF) taxes received for debt service payments on recognized obligations of the former
Redevelopment Agency (RDA).
235
SO Coast Air Quality Fund (AB2766, PM10)
Contributions from the South Coast Air Quality Management District. Uses are limited to the reduction and control of
airborne pollutants. Assembly Bill (AB) 2766.
237
Successor Agency PA 1 Admin Fund
Successor Agency (SA) Project Area (PA) 1 for administration of the Recognized Obligation Payment Schedule
(ROPS) associated with the former Redevelopment Agency (RDA).
241
Housing Authority
Activities of the Housinq Authority which is to promote and provide quality affordable housinq.
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 housinq proqrams,.
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 and transfers 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.
259
Maintenance Facilities DIF Fund
Developer impact fees collected for specific public improvements - maintenance facilities.
270
Art In Public Places Fund
Developer fees collected in lieu of art placement; utilized for acquisition, installation and maintenance of public
artworks.
275
LQ Public Safety Officer Fund
Annual transfer in from General Fund; distributed to public safety officers disabled or killed in the line of duty.
299
Interest Allocation Fund
Interest earned on investments.
310
LQ Finance Authority Debt Service Fund
Accounted for the debt service the Financing Authority's outstanding debt and any related reporting requirements.
This bond was fully paid in October 2018.
401
Capital Improvement Program Fund
Planning, design, and construction of various capital projects throughout the City.
405
SA PA 1 Capital Improvement Fund
Successor Agency (SA) Project Area (PA) 1 bond proceeds restricted by the bond indenture covenants. Used for
SilverRock infrastructure improvements.
501
Equipment Replacement Fund
Internal Service Fund for vehicles, heavy equipment, and related facilities.
502
Information Technology Fund
Internal Service Fund for computer hardware and software and phone systems.
503
Park Equipment & Facility Fund
Internal Service Fund for park equipment and facilities.
504
Insurance Fund
Internal Service Fund for city-wide insurance coverages.
601
SilverRock Resort Fund
Enterprise Fund for activities of the city -owned golf course.
602
SilverRock Golf Reserve Fund
Enterprise Fund for golf course reserves for capital improvements.
760
Supplemental Pension Plan (PARS Account)
Supplemental pension savings plan for excess retiree benefits to general employees of the City.
761
Other Post Benefit Obligation Trust (OPEB)
For retiree medical benefits and unfunded liabilities.
762
Pension Trust Benefit (PARS Account)
I For all pension -related benefits and unfunded liabilities.
Page 3 of 3
16101R I01griL14;1►197_13a9;1i mL1[e>sl
City of La Quinta
FINANCIAL ADVISORY COMMISSION MEETING: May 10, 2023
STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE THIRD QUARTER FISCAL YEAR 2022/23
TREASURY REPORTS FOR JANUARY, FEBRUARY, MARCH 2O23
RECOMMENDATION
Receive and file the third quarter fiscal year 2022/23 Treasury Reports for January,
February, and March 2023.
BACKGROUND/ANALYSIS
Commentary and Summary of Significant Activity
The total book value of the portfolio increased $4.8 million, from $212.4 million at the end
of December to $217.2 million at the end of March. The increase reflects operational
activity throughout the quarter. The portfolio is within policy limits for investment types
and total allocation by type (see chart below) and is also within policy guidelines for
investment ratings.
Portfolio Allocations
Max
Investment Type
January
February
March
Allowed
Bank Accounts
9.53%
8.77%
8.09%
100%
Local Agency Investment Fund (LAIF) City
8.35%
8.32%
8.72%
(1)
Local Agency Investment Fund (LAIF) Housing 0.90%
0.89%
0.94%
(1)(2)
Money Market Pool Accounts -CAMP
16.92%
16.93%
17.81 %
N/A
Federal Agency Coupons
17.64%
18.03%
18.88%
100%
Treasury Coupons
19.41 %
18.48%
16.63%
100%
Treasury Discount Notes
6.48%
7.32%
9.01 %
100%
Certificates of Deposit (CD's)
14.81 %
14.88%
16.27%
30%
Corporate Notes
0.60%
0.38%
0.40%
30%
Money Market with Fiscal Agent
0.00%
0.77%
0.00%
(2)
CERBT- OPEB Trust
0.77%
0.77%
0.84%
(3)
PARS Pension Trust
4.59%
4.46%
2.42%
(3)
Total 100%
100%
100%
LAIF is subject to maximum dollar amount not a
percentage of the portfolio
(2) Funds held by fiscal agent and the LAIF Housing
funds are governed by bond indentures
and not subject to City Investment Policy
(3) OPEB and pension trusts are fiduciary accounts and not subject to City Investment Policy
The fiscal year annual effective rate of return is 1.81 % as of March, which is a 26 basis
point (bps) increase since December. Total earnings for the quarter of $1.27 million is
$930,536 above last year, when the annual effective rate was only 0.75% City staff is
continuing to evaluate 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 Days
Effective Rate
Total Earnings
to Maturity
of Return YTD
January $
348,407
440
1.60%
February $
406,907
453
1.69%
March $
519,702
475
1.81 %
Quarter 2 $
1,275,016
456
1.70%
Throughout the quarter, one agency bond, eight treasuries, one corporate, and six CDs
matured; one agency bond, ten treasuries, and thirteen 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.
AL I LKNA I IVL5 - None
Prepared by: Rosemary Hallick, Financial Services Analyst
Approved by: Claudia Martinez, Finance Director/City Treasurer
Attachment: 1. Treasurer's Report for January 1, 2023 to March 31, 2023
ATTACHMENT
a
— GEM e& DESERT —
City of La Quinta
Portfolio Management
Portfolio Summary
January 31, 2023
City of La Quinta
Par
Market
Book
% of
Days to
YTM
Investments
Value
Value
Value
Portfolio
Term
Maturity
365 Equiv.
Bank Accounts
21,616,459.78
21,616,459.78
21,616,459.78
9.53
1
1
0.000
Local Agency Investment Fund -City
18,937,383.16
18,517,467.82
18,937,383.16
8.35
1
1
2.425
Local Agency Invstmnt Fund -Housing
2,036,215.89
2,010,335.04
2,036,215.89
0.90
1
1
2.425
Money Market Accounts - CAMP
38,403,433.27
38,403,433.27
38,403,433.27
16.92
1
1
4.530
Federal Agency Coupon Securities
40,250,000.00
37,480,697.00
40,035,349.09
17.64
1,660
1,042
1.464
Treasury Coupon Securities
44,750,000.00
42,907,815.00
44,040,584.40
19.41
962
657
2.590
Treasury Discount Notes
15,000,000.00
14,851,300.00
14,703,766.15
6.48
177
79
4.222
Certificate of Deposits
33,616,000.00
32,274,821.15
33,615,377.50
14.81
1,673
814
2.188
Corporate Notes
1,400,000.00
1,342,758.00
1,360,910.00
0.60
1,666
462
2.099
Money Market with Fiscal Agent
4,644.86
4,644.86
4,644.86
0.00
1
1
0.000
CERBT - OPEB Trust
1,750,883.78
1,750,883.78
1,750,883.78
0.77
1
1
0.000
PARS Pension Trust
10,413,344.84
10,413,344.84
10,413,344.84
4.59
1
1
0.000
228,178,365.58 221,573,960.54 226,918,352.72 100.00% 749 440 2.362
Investments
Total Earnings January 31 Month Ending Fiscal Year To Date
Current Year 348,407.29 2,022,861.35
Average Daily Balance 219,710,655.26 215,220,017.11
Effective Rate of Return 1.87% 1.60%
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 by our financial institutions to determine the fair market value of investments at month end.
Claudia Martinez, Finance Director/City Treasurer
Reporting period 01/01/2023-01/31/2023
Run Date: 05/05/2023 - 11:26
Portfolio CITY
CID
PM (PRF_PM1) 7.3.0
Report Ver. 7.3.6.1
City of La Quinta
Portfolio Management
Portfolio Details - Investments
January 31, 2023
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
7,890,054.47
7,890,054.47
7,890,054.47
1
1
0.000
059731851
1228
Bank of the West
08/20/2019
12,601,997.25
12,601,997.25
12,601,997.25
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
703,148.65
703,148.65
703,148.65
1
1
0.000
SYS1062
1062
La Quinta Palms Realty
07/01/2016
417,959.41
417,959.41
417,959.41
1
1
0.000
Subtotal and Average 15,550,579.54
21,616,459.78
21,616,459.78
21,616,459.78
1
1
0.000
Local Agency Investment Fund -City
98-33-434
1055
Local Agency Inv Fund
18,937,383.16
18,517,467.82
18,937,383.16
2.425
1
1
2.425
Subtotal and Average
18,896,673.45
18,937,383.16
18,517,467.82
18,937,383.16
1
1
2.425
Local Agency Invstmnt Fund -Housing
25-33-005
1113
Local Agency Inv Fund
2,036,215.89
2,010,335.04
2,036,215.89
2.425
1
1
2.425
Subtotal and Average
2,032,119.69
2,036,215.89
2,010,335.04
2,036,215.89
1
1
2.425
Money Market Accounts - CAMP
SYS1153
1153
California Asset Management Pr
09/26/2018
38,403,433.27
38,403,433.27
38,403,433.27
4.530
1
1
4.530
Subtotal and Average
35,368,544.59
38,403,433.27
38,403,433.27
38,403,433.27
1
1
4.530
Federal Agency Coupon
Securities
3133EMX64
1340
Federal Farm Credit Bank
10/22/2021
500,000.00
494,840.00
499,002.04
0.170
553
86
0.302 04/28/2023
3133EKZK5
1223
Federal Farm Credit Bank
09/12/2019
500,000.00
491,280.00
499,400.00
1.600
1,432
194
1.632 08/14/2023
3133EJYL7
1158
Federal Farm Credit Bank
10/15/2018
250,000.00
247,040.00
247,275.00
2.800
1,786
216
3.041 09/05/2023
3133EK4X1
1234
Federal Farm Credit Bank
11/01/2019
1,000,000.00
976,530.00
996,900.00
1.600
1,461
273
1.680 11/01/2023
3130AFW94
1177
Federal Home Loan Bank
03/01/2019
500,000.00
490,470.00
498,550.00
2.500
1,810
377
2.563 02/13/2024
3133ELNEO
1246
Federal Farm Credit Bank
02/14/2020
1,000,000.00
967,060.00
999,000.00
1.430
1,461
378
1.456 02/14/2024
3133ENYH7
1401
Federal Farm Credit Bank
06/10/2022
500,000.00
487,505.00
499,080.00
2.625
731
495
2.720 06/10/2024
3135GOV75
1206
Federal National Mtg Assn
07/15/2019
500,000.00
481,200.00
495,950.00
1.750
1,814
517
1.922 07/02/2024
3133EKWV4
1212
Federal Farm Credit Bank
08/02/2019
500,000.00
480,330.00
499,500.00
1.850
1,820
541
1.871 07/26/2024
3133EKP75
1224
Federal Farm Credit Bank
09/17/2019
500,000.00
478,635.00
498,750.00
1.600
1,827
594
1.652 09/17/2024
3133ELEA8
1242
Federal Farm Credit Bank
12/17/2019
1,000,000.00
958,790.00
998,600.00
1.700
1,736
594
1.731 09/17/2024
3135GO6E8
1291
Federal National Mtg Assn
11/18/2020
500,000.00
465,000.00
499,250.00
0.420
1,461
656
0.458 11/18/2024
3133ENGN4
1355
Federal Farm Credit Bank
12/09/2021
1,000,000.00
938,120.00
1,000,000.00
0.970
1,096
677
0.970 12/09/2024
3135GAAW1
1300
Federal National Mtg Assn
12/30/2020
500,000.00
463,230.00
500,000.00
0.400
1,461
698
0.400 12/30/2024
3130AP21.18
1353
Federal Home Loan Bank
12/07/2021
1,000,000.00
927,900.00
987,100.00
0.550
1,127
706
0.976 01/07/2025
313OAQWY5
1374
Federal Home Loan Bank
02/25/2022
1,000,000.00
946,890.00
1,000,000.00
1.700
1,095
754
1.700 02/24/2025
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:26
PM (PRF_PM2) 7.3.0
Report Ver. 7.3.6.1
City of La Quinta
Portfolio Management
Portfolio Details - Investments
January 31, 2023
Page 2
CUSIP
Investment #
Average
Issuer Balance
Purchase
Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM
365
Maturity
Date
Federal Agency
Coupon Securities
3135G031.15
1365
Federal National Mtg Assn
01/28/2022
500,000.00
462,005.00
487,790.00
0.625
1,180
811
1.400
04/22/2025
3134GVYG7
1279
Federal Home Loan Mtg Corp
05/27/2020
1,000,000.00
919,080.00
1,000,000.00
0.625
1,826
846
0.625
05/27/2025
3133ELH23
1280
Federal Farm Credit Bank
06/09/2020
500,000.00
459,850.00
499,850.00
0.500
1,826
859
0.506
06/09/2025
3133ELH80
1282
Federal Farm Credit Bank
06/10/2020
500,000.00
459,785.00
500,000.00
0.680
1,826
860
0.680
06/10/2025
3130AJKW8
1281
Federal Home Loan Bank
06/03/2020
500,000.00
459,985.00
499,850.00
0.500
1,836
863
0.506
06/13/2025
3130AJRP6
1283
Federal Home Loan Bank
06/30/2020
300,000.00
275,451.00
300,000.00
0.680
1,826
880
0.680
06/30/2025
3137EAEU9
1297
Federal Home Loan Mtg Corp
12/07/2020
1,000,000.00
912,390.00
997,300.00
0.375
1,687
901
0.434
07/21/2025
3137EAEU9
1361
Federal Home Loan Mtg Corp
01/05/2022
500,000.00
456,195.00
487,090.00
0.375
1,293
901
1.120
07/21/2025
3135G05S8
1288
Federal National Mtg Assn
08/14/2020
500,000.00
455,500.00
500,000.00
0.500
1,826
925
0.500
08/14/2025
3136G4M75
1290
Federal National Mtg Assn
08/28/2020
500,000.00
457,290.00
499,750.00
0.520
1,816
929
0.530
08/18/2025
3136G4N74
1289
Federal National Mtg Assn
08/21/2020
1,000,000.00
911,940.00
1,000,000.00
0.560
1,826
932
0.560
08/21/2025
3137EAEX3
1307
Federal Home Loan Mtg Corp
02/23/2021
500,000.00
454,685.00
495,999.50
0.375
1,673
965
0.552
09/23/2025
3137EAEX3
1310
Federal Home Loan Mtg Corp
03/30/2021
1,000,000.00
909,370.00
983,940.00
0.375
1,638
965
0.740
09/23/2025
3130ARGJ4
1385
Federal Home Loan Bank
04/14/2022
500,000.00
478,445.00
500,000.00
2.500
1,279
986
2.500
10/14/2025
3134GW5R3
1362
Federal Home Loan Mtg Corp
01/05/2022
400,000.00
363,740.00
391,360.00
0.650
1,391
999
1.232
10/27/2025
3135G06G3
1354
Federal National Mtg Assn
12/07/2021
1,000,000.00
908,930.00
976,300.00
0.500
1,431
1,010
1.120
11/07/2025
3135GA2Z3
1292
Federal National Mtg Assn
11/17/2020
500,000.00
451,595.00
499,250.00
0.560
1,826
1,020
0.590
11/17/2025
3130AKFA9
1298
Federal Home Loan Bank
12/07/2020
500,000.00
451,630.00
497,400.00
0.375
1,831
1,045
0.480
12/12/2025
3135GA7D7
1299
Federal National Mtg Assn
12/23/2020
500,000.00
452,120.00
500,000.00
0.600
1,826
1,056
0.600
12/23/2025
3134GXGZ1
1301
Federal Home Loan Mtg Corp
12/30/2020
500,000.00
452,785.00
500,000.00
0.550
1,826
1,063
0.550
12/30/2025
3130AKMZ6
1302
Federal Home Loan Bank
01/14/2021
500,000.00
449,200.00
500,000.00
0.510
1,826
1,078
0.510
01/14/2026
313OAKN28
1304
Federal Home Loan Bank
01/29/2021
500,000.00
449,210.00
500,000.00
0.550
1,826
1,093
0.550
01/29/2026
3130ALV92
1312
Federal Home Loan Bank
03/30/2021
500,000.00
457,560.00
500,000.00
1.050
1,826
1,153
0.938
03/30/2026
3130AMFS6
1324
Federal Home Loan Bank
06/17/2021
1,000,000.00
901,460.00
993,420.00
0.750
1,821
1,227
0.885
06/12/2026
3133EM2C5
1330
Federal Farm Credit Bank
08/10/2021
500,000.00
443,970.00
498,000.00
0.710
1,826
1,286
0.792
08/10/2026
3133EM4X7
1338
Federal Farm Credit Bank
09/28/2021
1,000,000.00
894,830.00
991,080.00
0.800
1,808
1,317
0.985
09/10/2026
3130APBM6
1337
Federal Home Loan Bank
09/30/2021
1,000,000.00
895,030.00
999,000.00
1.000
1,826
1,337
1.021
09/30/2026
3130APB46
1339
Federal Home Loan Bank
10/13/2021
1,000,000.00
892,740.00
998,250.00
0.950
1,826
1,350
0.986
10/13/2026
3134GW6C5
1359
Federal Home Loan Mtg Corp
01/05/2022
500,000.00
442,385.00
486,000.00
0.800
1,757
1,365
1.403
10/28/2026
3133ENCQ1
1344
Federal Farm Credit Bank
11/02/2021
1,000,000.00
904,570.00
1,000,000.00
1.270
1,826
1,370
1.270
11/02/2026
3130APTV7
1347
Federal Home Loan Bank
11/24/2021
500,000.00
459,485.00
499,500.00
0.700
1,826
1,392
1.489
11/24/2026
313OAQF65
1358
Federal Home Loan Bank
12/22/2021
1,000,000.00
908,130.00
999,750.00
1.250
1,825
1,419
1.255
12/21/2026
3134GWUQ7
1366
Federal Home Loan Mtg Corp
02/10/2022
1,000,000.00
880,460.00
945,570.00
0.700
1,784
1,428
1.870
12/30/2026
3130AQJR5
1364
Federal Home Loan Bank
01/27/2022
1,000,000.00
907,160.00
1,000,000.00
1.500
1,826
1,456
1.500
01/27/2027
3130AQSA2
1367
Federal Home Loan Bank
02/10/2022
1,000,000.00
919,000.00
1,000,000.00
1.830
1,826
1,470
1.830
02/10/2027
3130ARGY1
1387
Federal Home Loan Bank
04/19/2022
1,000,000.00
946,420.00
1,000,000.00
2.700
1,826
1,538
2.700
04/19/2027
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:26 PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
January 31, 2023
Page 3
CUSIP
Investment #
Issuer
Average
Balance
Purchase
Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM Maturity
365 Date
Federal Agency Coupon Securities
3130ASDV8
1409
Federal Home Loan Bank
06/28/2022
300,000.00
288,636.00
300,000.00
3.300
1,826
1,608
3.300 06/28/2027
3133ENL99
1426
Federal Farm Credit Bank
09/15/2022
1,000,000.00
980,820.00
997,492.55
3.375
1,826
1,687
3.430 09/15/2027
3133ENQ29
1433
Federal Farm Credit Bank
09/30/2022
1,000,000.00
1,007,200.00
996,400.00
4.000
1,825
1,701
4.080 09/29/2027
3133EN31-11
1441
Federal Farm Credit Bank
11/29/2022
1,000,000.00
1,007,860.00
998,650.00
4.000
1,826
1,762
4.030 11/29/2027
3133EN3S7
1446
Federal Farm Credit Bank
12/07/2022
1,000,000.00
996,980.00
998,000.00
3.750
1,826
1,770
3.794 12/07/2027
Subtotal and Average
40,808,404.57
40,250,000.00
37,480,697.00
40,035,349.09
1,660
1,042
1.464
Treasury Coupon Securities
91282CBNO
1432
U.S. Treasury
09/30/2022
3,000,000.00
2,990,040.00
2,956,788.66
0.125
151
27
3.630 02/28/2023
91282CBNO
1444
U.S. Treasury
12/02/2022
2,000,000.00
1,993,360.00
1,980,078.13
0.125
88
27
4.264 02/28/2023
91282CBU4
1349
U.S. Treasury
12/07/2021
1,000,000.00
992,860.00
996,718.75
0.125
479
58
0.376 03/31/2023
912828Q29
1431
U.S. Treasury
09/30/2022
2,000,000.00
1,990,000.00
1,977,200.00
1.500
182
58
3.824 03/31/2023
91282CBU4
1445
U.S. Treasury
12/02/2022
3,000,000.00
2,978,580.00
2,958,984.38
0.125
119
58
4.366 03/31/2023
91282CCD1
1350
U.S. Treasury
12/07/2021
1,000,000.00
985,160.00
995,468.75
0.125
540
119
0.432 05/31/2023
912828R69
1443
U.S. Treasury
12/02/2022
4,000,000.00
3,959,520.00
3,944,075.80
1.625
180
119
4.515 05/31/2023
91282CCK5
1452
U.S. Treasury
01/04/2023
2,000,000.00
1,962,500.00
1,956,875.00
0.125
177
149
4.635 06/30/2023
91282CCN9
1341
U.S. Treasury
10/22/2021
500,000.00
488,770.00
497,792.97
0.125
647
180
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
241
1.410 09/30/2023
91282CBA8
1351
U.S. Treasury
12/07/2021
1,000,000.00
960,740.00
990,000.00
0.125
738
317
0.623 12/15/2023
91282CBEO
1342
U.S. Treasury
10/22/2021
1,000,000.00
957,070.00
991,000.00
0.125
815
348
0.531 01/15/2024
91282CBR1
1352
U.S. Treasury
12/07/2021
1,000,000.00
951,800.00
989,800.00
0.250
829
408
0.704 03/15/2024
91282CBV2
1360
U.S. Treasury
01/05/2022
500,000.00
475,040.00
494,882.81
0.375
831
439
0.830 04/15/2024
912828XT2
1418
U.S. Treasury
05/04/2022
1,000,000.00
966,090.00
985,240.00
2.000
758
485
2.736 05/31/2024
9128282U3
1400
U.S. Treasury
06/09/2022
500,000.00
480,295.00
490,850.00
1.875
814
577
2.727 08/31/2024
91282CDB4
1343
U.S. Treasury
10/22/2021
1,000,000.00
939,020.00
996,320.00
0.625
1,089
622
0.750 10/15/2024
9128283DO
1390
U.S. Treasury
05/03/2022
1,000,000.00
964,490.00
985,190.00
2.250
912
638
2.870 10/31/2024
912828YV6
1241
U.S. Treasury
12/16/2019
1,000,000.00
950,940.00
989,687.50
1.500
1,811
668
1.718 11/30/2024
91282CAT8
1311
U.S. Treasury
03/30/2021
1,000,000.00
904,300.00
977,500.00
0.250
1,676
1,003
0.750 10/31/2025
91282CAZ4
1315
U.S. Treasury
04/22/2021
500,000.00
452,655.00
492,187.50
0.375
1,683
1,033
0.720 11/30/2025
91282CBC4
1303
U.S. Treasury
01/07/2021
500,000.00
452,385.00
498,632.81
0.375
1,819
1,064
0.431 12/31/2025
91282CBH3
1309
U.S. Treasury
02/23/2021
500,000.00
450,545.00
495,100.00
0.375
1,803
1,095
0.577 01/31/2026
91282CBQ3
1319
U.S. Treasury
05/28/2021
500,000.00
451,210.00
494,165.00
0.500
1,737
1,123
0.750 02/28/2026
91282CBQ3
1382
U.S. Treasury
03/23/2022
750,000.00
676,815.00
698,025.00
0.500
1,438
1,123
2.353 02/28/2026
91282CBT7
1320
U.S. Treasury
05/28/2021
500,000.00
454,280.00
499,525.00
0.750
1,768
1,154
0.770 03/31/2026
91282CBT7
1322
U.S. Treasury
06/17/2021
500,000.00
454,280.00
498,450.00
0.750
1,748
1,154
0.816 03/31/2026
9128286S4
1383
U.S. Treasury
03/23/2022
1,000,000.00
955,590.00
999,010.00
2.375
1,499
1,184
2.400 04/30/2026
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:26
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
January 31, 2023
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
91282CCF6
1321
U.S. Treasury
06/01/2021
1,000,000.00
903,830.00
997,060.00
0.750
1,825
1,215
0.810
05/31/2026
91282CCF6
1323
U.S. Treasury
06/17/2021
500,000.00
451,915.00
497,095.00
0.750
1,809
1,215
0.870
05/31/2026
91282CCP4
1335
U.S. Treasury
09/29/2021
1,000,000.00
896,290.00
983,750.00
0.625
1,766
1,276
0.970
07/31/2026
91282CCW9
1336
U.S. Treasury
09/29/2021
1,000,000.00
898,440.00
988,500.00
0.750
1,797
1,307
0.990
08/31/2026
91282CCW9
1380
U.S. Treasury
03/22/2022
500,000.00
449,220.00
466,454.17
0.750
1,623
1,307
2.350
08/31/2026
91282CDG3
1381
U.S. Treasury
03/22/2022
500,000.00
453,850.00
473,396.82
1.125
1,684
1,368
2.350
10/31/2026
912828Z78
1369
U.S. Treasury
02/10/2022
1,000,000.00
917,030.00
986,700.00
1.500
1,816
1,460
1.781
01/31/2027
91282CEF4
1391
U.S. Treasury
05/03/2022
1,000,000.00
952,620.00
976,860.00
2.500
1,793
1,519
3.010
03/31/2027
91282CEN7
1398
U.S. Treasury
06/08/2022
500,000.00
480,920.00
495,000.00
2.750
1,787
1,549
2.971
04/30/2027
91282BX88
1397
U.S. Treasury
06/07/2022
1,000,000.00
946,990.00
969,687.50
2.375
1,803
1,564
3.041
05/15/2027
91282CET4
1399
U.S. Treasury
06/08/2022
500,000.00
478,320.00
491,842.18
2.625
1,818
1,580
2.980
05/31/2027
91282CFB2
1417
U.S. Treasury
08/15/2022
1,000,000.00
961,060.00
989,460.00
2.750
1,811
1,641
2.980
07/31/2027
91282CFB2
1422
U.S. Treasury
08/29/2022
1,000,000.00
961,060.00
979,645.67
2.750
1,797
1,641
3.200
07/31/2027
9128282RO
1439
U.S. Treasury
11/18/2022
1,000,000.00
940,510.00
927,110.00
2.250
1,731
1,656
3.950
08/15/2027
91282CFH9
1456
U.S. Treasury
01/24/2023
500,000.00
488,400.00
489,175.00
3.125
1,680
1,672
3.640
08/31/2027
Subtotal and Average 46,380,263.43
44,750,000.00
42,907,815.00
44,040,584.40
962
657
2.590
Treasury Discount
Notes
912796YB9
1423
U.S. Treasury
09/02/2022
3,000,000.00
2,989,350.00
2,951,409.30
3.221
181
29
3.366
03/02/2023
912796YB9
1424
U.S. Treasury
09/02/2022
2,000,000.00
1,992,900.00
1,967,621.12
3.220
181
29
3.365
03/02/2023
912796YV5
1436
U.S. Treasury
11/02/2022
5,000,000.00
4,946,750.00
4,893,349.12
4.363
176
85
4.583
04/27/2023
912796YV5
1437
U.S. Treasury
11/07/2022
2,000,000.00
1,978,700.00
1,958,436.61
4.375
171
85
4.593
04/27/2023
912796ZR3
1453
U.S. Treasury
01/04/2023
3,000,000.00
2,943,600.00
2,932,950.00
4.572
176
148
4.807
06/29/2023
Subtotal and Average 14,419,932.28
15,000,000.00
14,851,300.00
14,703,766.15
177
79
4.222
Certificate of Deposits
81768PAF3
1254
Servisfirst Bank
02/21/2020
248,000.00
247,566.87
248,000.00
1.600
1,096
20
1.601
02/21/2023
92535LCD4
1180
Verus Bank of Commerce
02/28/2019
248,000.00
247,634.82
248,000.00
2.700
1,461
27
2.700
02/28/2023
034577AH9
1119
Aneca Federal Credit Union
03/22/2018
245,000.00
244,375.54
245,000.00
2.800
1,826
49
2.802
03/22/2023
66704MEQO
1263
Northstar Bank
03/31/2020
248,000.00
246,561.40
248,000.00
1.150
1,095
58
1.150
03/31/2023
954444BS3
1265
West Michigan Cmnty Bk
03/31/2020
248,000.00
246,561.40
248,000.00
1.150
1,095
58
1.150
03/31/2023
17312QJ26
1123
Citibank NA
04/11/2018
245,000.00
244,125.50
245,000.00
2.900
1,826
69
2.902
04/11/2023
20726ABA5
1189
Congressional Bank
04/30/2019
248,000.00
246,685.28
248,000.00
2.500
1,459
86
2.502
04/28/2023
29278TAY6
1125
EnerBank USA
04/30/2018
240,000.00
238,986.69
240,000.00
2.950
1,824
86
2.952
04/28/2023
32117BCX4
1179
First National Bank
03/05/2019
248,000.00
246,721.46
248,000.00
2.800
1,522
93
2.802
05/05/2023
725404AB3
1194
Pittsfield Cooperative Bank
06/07/2019
245,000.00
242,970.39
245,000.00
2.500
1,461
126
2.502
06/07/2023
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:26 PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
January 31, 2023
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
619165JD6
1173
Morton Community
03/20/2019
248,000.00
245,977.93
248,000.00
2.750
1,553
139
2.753 06/20/2023
74934YAH4
1144
RCB Bank
06/20/2018
245,000.00
243,379.11
245,000.00
3.150
1,826
139
3.152 06/20/2023
02616AAH2
1285
American First CU
06/26/2020
248,000.00
243,507.26
248,000.00
0.350
1,095
145
0.350 06/26/2023
02772JBD1
1205
American National Bank
07/19/2019
248,000.00
244,622.73
248,000.00
2.000
1,461
168
2.001 07/19/2023
32110YLK9
1147
First National Bank of America
07/20/2018
245,000.00
242,956.39
245,000.00
3.150
1,826
169
3.152 07/20/2023
06426KAN8
1151
Bank of New England
07/31/2018
249,000.00
246,828.65
249,000.00
3.250
1,826
180
3.252 07/31/2023
75472RAD3
1218
Raymond James Bank
08/23/2019
244,000.00
239,867.69
244,000.00
1.950
1,461
203
1.951 08/23/2023
89579NCD3
1262
Triad Bank
03/30/2020
248,000.00
241,956.24
248,000.00
1.350
1,278
240
1.352 09/29/2023
57116ARV2
1155
Cache Valley BK F/K/A Marlin
10/17/2018
248,000.00
244,834.91
248,000.00
3.300
1,826
258
3.302 10/17/2023
625925AR3
1160
Municipal Trust and Savings
10/17/2018
245,000.00
241,700.51
245,000.00
3.200
1,826
258
3.202 10/17/2023
90348JEJ5
1161
UBS Bank USA
10/17/2018
245,000.00
241,959.54
245,000.00
3.350
1,826
258
3.352 10/17/2023
474067AQ8
1154
Jefferson Financial CU
10/19/2018
245,000.00
241,936.96
245,000.00
3.350
1,826
260
3.352 10/19/2023
20143PDV9
1162
Commercial Bank
11/15/2018
248,000.00
244,585.53
248,000.00
3.400
1,826
287
3.402 11/15/2023
67054NAN3
1164
Numerica Credit Union
11/28/2018
248,000.00
244,739.16
248,000.00
3.550
1,826
300
3.552 11/28/2023
48115LAD6
1396
Jovia Financial Credit Union
06/07/2022
248,000.00
242,333.51
248,000.00
2.500
548
309
2.502 12/07/2023
635573AL2
1170
National Cooperative Bank, N.A
12/21/2018
245,000.00
241,107.82
245,000.00
3.400
1,826
323
3.402 12/21/2023
066851 WJ1
1172
Bar Harbor Bank and Trust
12/31/2018
248,000.00
243,835.34
248,000.00
3.350
1,824
331
3.352 12/29/2023
89269FDP7
1415
Tradition Capital
07/20/2022
246,000.00
240,663.54
246,000.00
3.000
551
355
3.008 01/22/2024
51210SQU4
1208
Lakeside Bank
07/30/2019
248,000.00
240,034.21
248,000.00
2.000
1,644
362
2.003 01/29/2024
77579ADF0
1251
Rollstone B&T
02/12/2020
245,000.00
235,909.35
245,000.00
1.650
1,461
376
1.651 02/12/2024
66736ABP3
1181
Northwest Bank
02/13/2019
248,000.00
241,964.97
248,000.00
2.950
1,826
377
2.951 02/13/2024
949763XY7
1174
Wells Fargo
02/27/2019
248,000.00
241,879.32
248,000.00
3.000
1,826
391
3.001 02/27/2024
50625LAW3
1384
Lafayette FCU
03/30/2022
248,000.00
238,949.86
248,000.00
2.050
729
421
2.053 03/28/2024
882213AB7
1260
Texas Bank Financial
03/31/2020
245,000.00
233,521.43
245,000.00
1.100
1,458
421
1.101 03/28/2024
472382AQ3
1272
The Jefferson Bank
04/15/2020
248,000.00
236,434.94
248,000.00
1.250
1,461
439
1.251 04/15/2024
08016PDQ9
1270
Belmont Bank and Trust
04/16/2020
248,000.00
236,409.48
248,000.00
1.250
1,461
440
1.251 04/16/2024
69506YRH4
1269
Pacific Western Bank
04/16/2020
245,000.00
233,789.61
245,000.00
1.300
1,461
440
1.301 04/16/2024
56065GAG3
1188
Main Street Bank
04/26/2019
248,000.00
240,207.47
248,000.00
2.600
1,827
450
2.603 04/26/2024
33640VDD7
1231
First Service Bank
11/15/2019
248,000.00
237,295.06
248,000.00
1.700
1,643
469
1.701 05/15/2024
48128HXU7
1185
JP Morgan Chase
05/16/2019
245,000.00
239,218.19
245,000.00
3.250
1,827
470
3.254 05/16/2024
46256YAZ2
1186
Iowa State Bank
05/23/2019
245,000.00
236,509.16
245,000.00
2.400
1,827
477
2.403 05/23/2024
538036GV0
1238
Live Oak Bank
11/27/2019
248,000.00
237,330.42
248,000.00
1.800
1,644
482
1.802 05/28/2024
156634AK3
1184
Century Next Bank
05/29/2019
248,000.00
239,559.81
248,000.00
2.500
1,827
483
2.503 05/29/2024
72651 LCL6
1195
Plains Commerce Bank
06/07/2019
245,000.00
236,957.49
245,000.00
2.550
1,827
492
2.553 06/07/2024
299547AQ2
1196
Liberty FCU F/K/A Evansville T
06/12/2019
248,000.00
239,884.59
248,000.00
2.600
1,827
497
2.603 06/12/2024
524661CB9
1197
Legacy Bank
06/19/2019
248,000.00
239,104.24
248,000.00
2.400
1,827
504
2.403 06/19/2024
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:26 PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
January 31, 2023
Page 6
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
176688CP2
1199
Citizens State Bank
06/21/2019
248,000.00
239,070.31
248,000.00
2.400
1,827
506
2.403 06/21/2024
20416TAQ5
1202
Communitywide FCU
06/28/2019
248,000.00
238,440.50
248,000.00
2.250
1,827
513
2.253 06/28/2024
761402BY1
1203
Revere Bank
06/28/2019
247,000.00
237,726.90
247,000.00
2.300
1,827
513
2.303 06/28/2024
00257TBD7
1207
Abacus Federal Savings
07/26/2019
248,000.00
237,107.95
248,000.00
1.950
1,827
541
1.952 07/26/2024
33625CCP2
1209
First Security Bank of WA
07/30/2019
248,000.00
237,211.65
248,000.00
2.000
1,827
545
2.002 07/30/2024
710571DS6
1210
People's Bank
07/31/2019
248,000.00
237,443.96
248,000.00
2.000
1,827
546
2.002 07/31/2024
740367HP5
1213
Preferred Bank
08/16/2019
249,000.00
238,102.36
249,000.00
2.000
1,827
562
2.002 08/16/2024
33766LAJ7
1216
FirsTier Bank
08/23/2019
249,000.00
237,782.98
249,000.00
1.950
1,827
569
1.952 08/23/2024
938828131-12
1215
Washington Federal
08/23/2019
248,000.00
237,016.54
248,000.00
2.000
1,827
569
2.002 08/23/2024
336460CX6
1222
First State Bk DeQueen
08/30/2019
248,000.00
236,124.42
248,000.00
1.800
1,827
576
1.802 08/30/2024
334342CD2
1221
First Natl Bk of Syracuse
08/30/2019
249,000.00
237,268.04
249,000.00
1.850
1,827
576
1.852 08/30/2024
15118RRH2
1220
Celtic Bank
08/30/2019
248,000.00
236,315.16
248,000.00
1.850
1,827
576
1.852 08/30/2024
05580AD50
1333
BMW Bank
09/10/2021
245,000.00
229,046.48
245,000.00
0.650
1,096
587
0.651 09/10/2024
06652CHB0
1227
BankWest Inc
09/27/2019
248,000.00
235,447.83
248,000.00
1.700
1,827
604
1.702 09/27/2024
84223QAN7
1286
Southern Bancorp Bk
06/26/2020
248,000.00
230,169.52
248,000.00
0.500
1,582
632
0.500 10/25/2024
804375131-4
1235
Sauk Valley B&T Co
11/07/2019
248,000.00
235,220.69
248,000.00
1.700
1,827
645
1.702 11/07/2024
61690UNX4
1237
Morgan Stanley Bank
11/20/2019
245,000.00
233,293.41
245,000.00
1.950
1,827
658
1.952 11/20/2024
61760A3B3
1236
Morgan Stanley Private Bk, NA
11/20/2019
245,000.00
233,081.14
245,000.00
1.900
1,827
658
1.902 11/20/2024
064520BG3
1287
Bank Princeton
06/30/2020
248,000.00
229,015.85
248,000.00
0.500
1,644
698
0.500 12/30/2024
80865MAB3
1454
Scient FCU
01/13/2023
248,000.00
248,425.66
248,000.00
4.650
731
712
4.656 01/13/2025
89388CEYO
1328
Transportation Alliance Bk TAB
07/23/2021
248,000.00
228,241.44
248,000.00
0.400
1,280
722
0.401 01/23/2025
06417NZQ9
1329
Bank OZK
07/29/2021
248,000.00
228,085.17
248,000.00
0.400
1,280
728
0.401 01/29/2025
90983WBT7
1249
United Community
02/07/2020
248,000.00
234,239.97
248,000.00
1.650
1,827
737
1.652 02/07/2025
32114VBT3
1250
First National Bank Michigan
02/14/2020
248,000.00
234,115.24
248,000.00
1.650
1,827
744
1.652 02/14/2025
35637RDC8
1248
Freedom Financial
02/14/2020
248,000.00
233,626.03
248,000.00
1.550
1,827
744
1.552 02/14/2025
029728BC5
1255
American State
02/21/2020
248,000.00
233,744.07
248,000.00
1.600
1,827
751
1.602 02/21/2025
17286TAGO
1252
Citadel FCU
02/27/2020
248,000.00
233,884.54
248,000.00
1.650
1,827
757
1.652 02/27/2025
00435JBH5
1256
Access Bank
03/13/2020
248,000.00
233,559.23
248,000.00
1.600
1,826
771
1.601 03/13/2025
849430BF9
1257
Spring Bank
03/20/2020
248,000.00
232,923.85
248,000.00
1.500
1,826
778
1.501 03/20/2025
05465DAEB
1258
Axos Bank
03/26/2020
248,000.00
233,585.14
248,000.00
1.650
1,826
784
1.651 03/26/2025
020080BX4
1267
Alma Bank
03/30/2020
248,000.00
232,261.08
248,000.00
1.400
1,824
786
1.399 03/28/2025
2027506M2
1268
Commonwealth Business Bk
03/31/2020
248,000.00
231,607.55
248,000.00
1.250
1,826
789
1.251 03/31/2025
654062JZ2
1266
Nicolet Natl Bank
03/31/2020
248,000.00
232,384.20
248,000.00
1.400
1,826
789
1.401 03/31/2025
14042TDD6
1271
Capital One USA FDIC33954
04/08/2020
245,000.00
230,566.36
245,000.00
1.600
1,826
797
1.601 04/08/2025
02007GPX5
1388
Ally Bank Midvale
04/21/2022
245,000.00
235,276.83
245,000.00
2.550
1,096
810
2.550 04/21/2025
52168UHY1
1389
Leader Bank
04/22/2022
245,000.00
235,265.40
245,000.00
2.550
1,096
811
2.552 04/22/2025
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:26 PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
January 31, 2023
Page 7
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
32112UDR9
1274
First Natl Bk McGregor
04/28/2020
248,000.00
231,590.18
248,000.00
1.350
1,826
817
1.351 04/28/2025
32027BALl
1273
First Freedom Bank
04/29/2020
249,000.00
231,697.94
249,000.00
1.200
1,826
818
1.201 04/29/2025
33847E3A3
1276
Flagstar
04/30/2020
248,000.00
231,145.95
248,000.00
1.250
1,826
819
1.251 04/30/2025
32056GDJ6
1278
list Internet Bank
05/11/2020
248,000.00
229,607.41
248,000.00
1.000
1,827
831
0.985 05/12/2025
95960NKD8
1277
Western State Bank
05/13/2020
245,000.00
226,950.70
245,000.00
1.000
1,826
832
1.001 05/13/2025
254673E69
1392
Discover Bank Greenwood DE CF
05/24/2022
245,000.00
238,039.40
245,000.00
3.100
1,099
846
3.103 05/27/2025
169894AS1
1284
Chippewa Valley Bk
06/24/2020
248,000.00
226,624.88
248,000.00
0.600
1,826
874
0.600 06/24/2025
307811DF3
1363
Farmers & Merch
01/14/2022
249,000.00
229,033.09
249,000.00
0.900
1,277
894
0.900 07/14/2025
70962LAF9
1331
Pentagon FCU
09/01/2021
249,000.00
227,169.20
249,000.00
0.700
1,462
944
0.687 09/02/2025
914242AAO
1429
University Credit Union
09/26/2022
248,000.00
246,519.47
248,000.00
4.000
1,096
968
3.891 09/26/2025
51507LCC6
1305
Landmark Community Bank
01/22/2021
248,000.00
222,751.65
248,000.00
0.500
1,826
1,086
0.500 01/22/2026
84229LBA9
1434
Southern Bank Sardis GA
10/28/2022
244,000.00
245,102.25
244,000.00
4.250
1,188
1,092
4.254 01/28/2026
87270LDL4
1306
TIAA FKA EverBank
02/12/2021
245,000.00
220,042.31
245,000.00
0.500
1,826
1,107
0.500 02/12/2026
64034KAZ4
1376
Nelnet Bank
03/02/2022
245,000.00
229,052.74
245,000.00
1.800
1,461
1,125
1.801 03/02/2026
39573LBC1
1313
Greenstate FCU
04/16/2021
249,000.00
225,764.47
249,000.00
0.950
1,826
1,170
0.951 04/16/2026
89235MKY6
1314
Toyota Financial Savings Bank
04/22/2021
245,000.00
221,822.86
245,000.00
0.900
1,826
1,176
0.900 04/22/2026
14622LAAO
1316
Carter FCU
04/27/2021
248,000.00
223,131.29
248,000.00
0.750
1,826
1,181
0.750 04/27/2026
31617CAV5
1317
Fidelity Homestead
04/30/2021
248,000.00
222,690.66
248,000.00
0.700
1,826
1,184
0.711 04/30/2026
501798RP9
1356
LCA Bank Corp
12/27/2021
248,000.00
224,418.55
248,000.00
1.000
1,642
1,241
1.000 06/26/2026
92559TAJ7
1325
Vibrant Credit Union
07/02/2021
249,000.00
223,468.51
248,377.50
0.800
1,824
1,245
0.852 06/30/2026
300185LM5
1457
Evergreen Bank Group
01/27/2023
248,000.00
247,125.39
248,000.00
3.850
1,277
1,272
3.849 07/27/2026
38149MXK4
1326
Goldman Sachs
07/28/2021
248,000.00
224,005.68
248,000.00
1.000
1,826
1,273
1.001 07/28/2026
795451AFO
1327
Sallie Mae Bank Salt Lake City
07/28/2021
248,000.00
224,005.68
248,000.00
1.000
1,826
1,273
1.001 07/28/2026
87165ET98
1332
Synchrony Bank Retail
09/03/2021
245,000.00
220,127.78
245,000.00
0.900
1,826
1,310
0.900 09/03/2026
20786ADL6
1334
Connect One
09/24/2021
248,000.00
221,407.00
248,000.00
0.800
1,826
1,331
0.800 09/24/2026
59013KPNO
1345
Merrick Bank
11/09/2021
249,000.00
224,422.51
249,000.00
1.100
1,826
1,377
1.101 11/09/2026
14042RQBO
1346
Capital One Natl Assn FDIC4297
11/17/2021
248,000.00
223,561.23
248,000.00
1.100
1,826
1,385
1.101 11/17/2026
20825WAR1
1357
Connexus CU
12/23/2021
249,000.00
225,234.79
249,000.00
1.250
1,826
1,421
1.250 12/23/2026
89786MAF1
1368
True Sky FCU
02/04/2022
245,000.00
224,680.95
245,000.00
1.600
1,826
1,464
1.601 02/04/2027
02357QAQO
1372
Amerant Bank
02/14/2022
245,000.00
224,523.52
245,000.00
1.600
1,828
1,476
1.601 02/16/2027
07371AYE7
1370
Beal Bank TX
02/23/2022
245,000.00
227,278.24
245,000.00
1.900
1,820
1,477
1.901 02/17/2027
073710E88
1371
Beal Bank USA
02/23/2022
245,000.00
227,278.24
245,000.00
1.900
1,820
1,477
1.901 02/17/2027
59161YAP1
1373
Metro Credit Union
02/18/2022
249,000.00
228,958.52
249,000.00
1.700
1,826
1,478
1.701 02/18/2027
24773RCR4
1377
Delta Natl B&T
03/09/2022
245,000.00
228,114.60
245,000.00
2.000
1,814
1,485
2.001 02/25/2027
27004PCM3
1375
Eaglemark Savings
03/02/2022
245,000.00
228,159.23
245,000.00
2.000
1,826
1,490
2.001 03/02/2027
91139LAB2
1378
United Roosevelt Savings
03/11/2022
248,000.00
229,786.00
248,000.00
1.900
1,826
1,499
1.901 03/11/2027
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:26 PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
January 31, 2023
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
565819AG4
1379
Marathon Bnak
03/16/2022
248,000.00
228,772.93
248,000.00
1.800
1,826
1,504
1.801 03/16/2027
20033A3A2
1386
Comenity Capital Bank
04/14/2022
248,000.00
236,815.22
248,000.00
2.650
1,826
1,533
2.652 04/14/2027
397417AQ9
1419
Greenwoods State Bank
05/17/2022
248,000.00
240,675.49
248,000.00
3.050
1,826
1,566
3.052 05/17/2027
02589ADH2
1421
American Express, NB
08/29/2022
245,000.00
241,809.05
245,000.00
3.450
1,793
1,637
3.067 07/27/2027
88413QDN5
1420
Third Federal Savings and Loan
08/19/2022
245,000.00
240,330.84
245,000.00
3.300
1,826
1,660
3.302 08/19/2027
732329BD8
1425
Ponce Bank
09/15/2022
248,000.00
245,432.67
248,000.00
3.500
1,826
1,687
3.502 09/15/2027
052392BT3
1427
Austin Telco FCU
09/21/2022
248,000.00
248,629.84
248,000.00
3.800
1,826
1,693
3.770 09/21/2027
22258JAB7
1430
County Schools FCU
09/30/2022
248,000.00
255,075.55
248,000.00
4.400
1,826
1,702
4.325 09/30/2027
34520LATO
1435
Forbright Bank
11/02/2022
248,000.00
257,631.26
248,000.00
4.600
1,826
1,735
4.602 11/02/2027
25460FDW3
1438
Direct FCU
11/07/2022
248,000.00
259,854.63
248,000.00
4.800
1,827
1,741
4.735 11/08/2027
914098DJ4
1442
University Bank
11/30/2022
249,000.00
254,357.33
249,000.00
4.200
1,826
1,763
4.202 11/30/2027
25844MAK4
1447
Dort Financial CU
12/16/2022
247,000.00
255,794.04
247,000.00
4.500
1,826
1,779
4.503 12/16/2027
01664MAB2
1448
All In FCU
12/20/2022
248,000.00
255,757.19
248,000.00
4.400
1,826
1,783
4.402 12/20/2027
51828MAC8
1449
Latino Comm. CU
12/21/2022
248,000.00
256,882.82
248,000.00
4.500
1,826
1,784
4.503 12/21/2027
45157PAZ3
1450
Ideal CU
12/29/2022
248,000.00
256,919.53
248,000.00
4.500
1,826
1,792
4.502 12/29/2027
01882MAC6
1451
Alliant CU
12/30/2022
247,000.00
261,499.42
247,000.00
5.000
1,826
1,793
5.003 12/30/2027
78472EABO
1455
SPCO Credit Union
01/20/2023
249,000.00
256,479.33
249,000.00
4.350
1,826
1,814
4.352 01/20/2028
82671DAB3
1458
Signature FCU
01/31/2023
248,000.00
256,191.92
248,000.00
4.400
1,826
1,825
4.402 01/31/2028
Subtotal and Average 33,118,732.34
33,616,000.00
32,274,821.15
33,615,377.50
1,673
814
2.188
Corporate Notes
19416QEA4 1175
594918BQ6 1157
45950VPS9 1308
Colgate-Palmolive
Microsoft Corporation
International Finance Corp
Subtotal and Average
Money Market with Fiscal Agent
SYS1058 1058 US Bank
Subtotal and Average
CERBT - OPEB Trust
SYS1114 1114
Run Date: 05/05/2023 - 11:26
CalPERS CERBT Plan
Subtotal and Average
03/04/2019
10/15/2018
02/26/2021
1,360,910.00
4,631.76
1,750,883.78
500,000.00
400,000.00
500,000.00
1,400,000.00
07/01/2016 4,644.86
07/01/2022
4,644.86
1,750,883.78
1,750,883.78
500,000.00
394,368.00
448,390.00
1,342,758.00
4,644.86
4,644.86
1,750,883.78
1,750,883.78
485,250.00 1.950
1,430
0
2.751 02/01/2023
378,360.00 2.000
1,758
188
3.222 08/08/2023
497,300.00 0.500
1,826
1,121
0.610 02/26/2026
1,360,910.00
1,666
462
2.099
4,644.86
4,644.86
1,750,883.78
1,750,883.78
1 1 0.000
1 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
January 31, 2023
Page 9
Average Purchase Stated Days to YTM Maturity
CUSIP Investment # Issuer Balance Date Par Value Market Value Book Value
Rate Term Maturity 365 Date
PARS Pension Trust
SYS1230 1230 Pblc Agncy Rtrmnt Sery 10,413,344.84 10,413,344.84 10,413,344.84 1 1 0.000
Subtotal and Average 10,018,979.83 10,413,344.84 10,413,344.84 10,413,344.84 1 1 0.000
Total and Average 219,710,655.26
Run Date: 05/05/2023 - 11:26
228,178,365.58 221,573,960.54 226,918,352.72
749 440 2.362
Portfolio CITY
CID
PM (PRF_PM2) 7.3.0
Q"It(V�
GEM qj-the DESERT -
City of La Quinta
Total Earnings
Sorted by Fund - Fund
January 1, 2023 - January 31, 2023
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
18,937,383.16
18,832,216.42
18,937,383.16
2.425
2.745
43,899.04
0.00
0.00
43,899.04
SYS1059
1059
101
CITYPC
3,300.00
3,300.00
3,300.00
0.00
0.00
0.00
0.00
SYS1114
1114
101
CALPRS
1,750,883.78
1,750,883.78
1,750,883.78
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
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
38,403,433.27
28,267,381.63
38,403,433.27
4.530
5.667
136,051.64
0.00
0.00
136,051.64
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
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
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
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
Run Date: 05/05/2023 - 11:32
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings Page 2
January 1, 2023 - January 31, 2023
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
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
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
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
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
710571 DS6
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
1.381
585.51
0.00
0.00
585.51
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
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
12,601,997.25
8,750,301.52
12,601,997.25
0.10
0.00
0.00
0.10
SYS1230
1230
101
PARS
10,413,344.84
10,005,834.33
10,413,344.84
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
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
61760A3133
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
912828YV6
1241
101
USTR
1,000,000.00
989,687.50
989,687.50
1.500
1.520
1,277.47
0.00
0.00
1,277.47
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
Run Date: 05/05/2023 - 11:32
Portfolio CITY
CP
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings Page 3
January 1, 2023 - January 31, 2023
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
949495AT2
1244
101
WFNBW
0.00
248,000.00
0.00
1.900
1.900
387.29
0.00
0.00
387.29
3133ELNE0
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
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
1STNMI
248,000.00
248,000.00
248,000.00
1.650
1.650
347.54
0.00
0.00
347.54
77579ADF0
1251
101
RLLSTN
245,000.00
245,000.00
245,000.00
1.650
1.650
343.33
0.00
0.00
343.33
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
00435J131-15
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
66704MEQ0
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
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
263.29
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
263.28
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
Run Date: 05/05/2023 - 11:32
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings Page 4
January 1, 2023 - January 31, 2023
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
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
7,890,054.47
10,021,758.89
7,890,054.47
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
0.379
160.57
0.00
0.00
160.57
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
45950VPS9
1308
101
IFC
500,000.00
497,300.00
497,300.00
0.500
0.499
210.59
0.00
0.00
210.59
91282CBH3
1309
101
USTR
500,000.00
495,100.00
495,100.00
0.375
0.376
158.03
0.00
0.00
158.03
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
0.258
214.09
0.00
0.00
214.09
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
0.382
159.68
0.00
0.00
159.68
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
703,148.65
727,775.83
703,148.65
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
214.09
0.00
0.00
214.09
91282CBT7
1320
101
USTR
500,000.00
499,525.00
499,525.00
0.750
0.753
319.37
0.00
0.00
319.37
91282CCF6
1321
101
USTR
1,000,000.00
997,060.00
997,060.00
0.750
0.754
638.74
0.00
0.00
638.74
91282CBT7
1322
101
USTR
500,000.00
498,450.00
498,450.00
0.750
0.754
319.37
0.00
0.00
319.37
91282CCF6
1323
101
USTR
500,000.00
497,095.00
497,095.00
0.750
0.756
319.37
0.00
0.00
319.37
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
795451AF0
1327
101
SALMAE
248,000.00
248,000.00
248,000.00
1.000
1.000
210.63
0.00
0.00
210.63
Run Date: 05/05/2023 - 11:32
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings Page 5
January 1, 2023 - January 31, 2023
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
89388CEYO
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
135.26
0.00
0.00
135.26
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
526.78
0.00
0.00
526.78
91282CCW9
1336
101
USTR
1,000,000.00
988,500.00
988,500.00
0.750
0.765
642.27
0.00
0.00
642.27
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
0.125
52.68
0.00
0.00
52.68
91282CBEO
1342
101
USTR
1,000,000.00
991,000.00
991,000.00
0.125
0.126
106.25
0.00
0.00
106.25
91282CDB4
1343
101
USTR
1,000,000.00
996,320.00
996,320.00
0.625
0.629
532.28
0.00
0.00
532.28
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
59013KPNO
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
CAP1NA
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
0.00
998,530.00
0.00
0.180
2.422
120.00
0.00
1,470.00
1,590.00
91282CBU4
1349
101
USTR
1,000,000.00
996,718.75
996,718.75
0.125
0.126
106.45
0.00
0.00
106.45
91282CCD1
1350
101
USTR
1,000,000.00
995,468.75
995,468.75
0.125
0.126
106.46
0.00
0.00
106.46
91282CBA8
1351
101
USTR
1,000,000.00
990,000.00
990,000.00
0.125
0.127
106.46
0.00
0.00
106.46
91282CBR1
1352
101
USTR
1,000,000.00
989,800.00
989,800.00
0.250
0.255
214.08
0.00
0.00
214.08
3130AP2U8
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
0.380
159.68
0.00
0.00
159.68
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
307811 DF3
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
Run Date: 05/05/2023 - 11:32
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings Page 6
January 1, 2023 - January 31, 2023
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 rain)/Lncc Earnings
Fund: General Fund
3135G03U5
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
1.509
1,264.27
0.00
0.00
1,264.27
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
02357QAQO
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
416.17
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
0.811
321.13
0.00
0.00
321.13
91282CDG3
1381
101
USTR
500,000.00
473,396.82
473,396.82
1.125
1.198
481.70
0.00
0.00
481.70
91282CBQ3
1382
101
USTR
750,000.00
698,025.00
698,025.00
0.500
0.542
321.13
0.00
0.00
321.13
912828654
1383
101
USTR
1,000,000.00
999,010.00
999,010.00
2.375
2.397
2,033.84
0.00
0.00
2,033.84
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
558.17
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
9128283D0
1390
101
USTR
1,000,000.00
985,190.00
985,190.00
2.250
2.303
1,926.80
0.00
0.00
1,926.80
91282CEF4
1391
101
USTR
1,000,000.00
976,860.00
976,860.00
2.500
2.566
2,129.12
0.00
0.00
2,129.12
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
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
2.470
2,033.84
0.00
0.00
2,033.84
91282CEN7
1398
101
USTR
500,000.00
495,000.00
495,000.00
2.750
2.801
1,177.49
0.00
0.00
1,177.49
91282CET4
1399
101
USTR
500,000.00
491,842.18
491,842.18
2.625
2.676
1,117.78
0.00
0.00
1,117.78
91282821J3
1400
101
USTR
500,000.00
490,850.00
490,850.00
1.875
1.926
802.83
0.00
0.00
802.83
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
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
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
989,460.00
989,460.00
2.750
2.758
2,317.82
0.00
0.00
2,317.82
Run Date: 05/05/2023 - 11:32
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings Page 7
January 1, 2023 - January 31, 2023
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 rain)/Lncc Earnings
Fund: General Fund
912828XT2
1418
101
USTR
1,000,000.00
985,240.00
985,240.00
2.000
2.036
1,703.30
0.00
0.00
1,703.30
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
88413QDN5
1420
101
3RD
245,000.00
245,000.00
245,000.00
3.300
3.300
686.67
0.00
0.00
686.67
02589ADH2
1421
101
AMEXNB
245,000.00
245,000.00
245,000.00
3.450
3.450
717.89
0.00
0.00
717.89
91282CFB2
1422
101
USTR
1,000,000.00
979,645.67
979,645.67
2.750
2.786
2,317.82
0.00
0.00
2,317.82
912796YB9
1423
101
USTR
3,000,000.00
2,951,409.30
2,951,409.30
3.221
0.00
0.00
0.00
0.00
912796YB9
1424
101
USTR
2,000,000.00
1,967,621.12
1,967,621.12
3.220
0.00
0.00
0.00
0.00
732329BD8
1425
101
PONCE
248,000.00
248,000.00
248,000.00
3.500
3.500
737.21
0.00
0.00
737.21
3133ENL99
1426
101
FFCB
1,000,000.00
997,492.55
997,492.55
3.375
3.320
2,812.50
0.00
0.00
2,812.50
052392BT3
1427
101
AUSTEL
248,000.00
248,000.00
248,000.00
3.800
3.800
800.39
0.00
0.00
800.39
9128283U2
1428
101
USTR
0.00
2,988,390.00
0.00
2.375
7.092
5,808.42
0.00
11,610.00
17,418.42
914242AA0
1429
101
UNIVCU
248,000.00
248,000.00
248,000.00
4.000
4.000
842.52
0.00
0.00
842.52
22258JAB7
1430
101
CNTYSC
248,000.00
248,000.00
248,000.00
4.400
4.400
926.77
0.00
0.00
926.77
912828Q29
1431
101
USTR
2,000,000.00
1,977,200.00
1,977,200.00
1.500
1.521
2,554.94
0.00
0.00
2,554.94
91282CBN0
1432
101
USTR
3,000,000.00
2,956,788.66
2,956,788.66
0.125
0.128
321.13
0.00
0.00
321.13
3133ENQ29
1433
101
FFCB
1,000,000.00
996,400.00
996,400.00
4.000
3.939
3,333.34
0.00
0.00
3,333.34
84229LBA9
1434
101
STHBNK
244,000.00
244,000.00
244,000.00
4.250
4.250
880.74
0.00
0.00
880.74
34520LAT0
1435
101
FORBRT
248,000.00
248,000.00
248,000.00
4.600
4.600
968.90
0.00
0.00
968.90
912796YV5
1436
101
USTR
5,000,000.00
4,893,349.12
4,893,349.12
4.363
0.00
0.00
0.00
0.00
912796YV5
1437
101
USTR
2,000,000.00
1,958,436.61
1,958,436.61
4.375
0.00
0.00
0.00
0.00
25460FDW3
1438
101
DIRFCU
248,000.00
248,000.00
248,000.00
4.800
4.800
1,011.02
0.00
0.00
1,011.02
9128282R0
1439
101
USTR
1,000,000.00
927,110.00
927,110.00
2.250
2.407
1,895.38
0.00
0.00
1,895.38
3133EN31-11
1441
101
FFCB
1,000,000.00
998,650.00
998,650.00
4.000
3.930
3,333.33
0.00
0.00
3,333.33
914098DJ4
1442
101
UNIVBK
249,000.00
249,000.00
249,000.00
4.200
4.200
888.21
0.00
0.00
888.21
912828R69
1443
101
USTR
4,000,000.00
3,944,075.80
3,944,075.80
1.625
1.653
5,535.71
0.00
0.00
5,535.71
91282CBN0
1444
101
USTR
2,000,000.00
1,980,078.13
1,980,078.13
0.125
0.127
214.09
0.00
0.00
214.09
91282CBU4
1445
101
USTR
3,000,000.00
2,958,984.38
2,958,984.38
0.125
0.127
319.37
0.00
0.00
319.37
3133EN3S7
1446
101
FFCB
1,000,000.00
998,000.00
998,000.00
3.750
3.687
3,125.00
0.00
0.00
3,125.00
25844MAK4
1447
101
DORTCU
247,000.00
247,000.00
247,000.00
4.500
4.500
944.02
0.00
0.00
944.02
01664MAB2
1448
101
ALL IN
248,000.00
248,000.00
248,000.00
4.400
4.400
926.77
0.00
0.00
926.77
51828MAC8
1449
101
LATCOM
248,000.00
248,000.00
248,000.00
4.500
4.500
947.84
0.00
0.00
947.84
45157PAZ3
1450
101
IDEAL
248,000.00
248,000.00
248,000.00
4.500
4.500
947.83
0.00
0.00
947.83
01882MAC6
1451
101
ALIANT
247,000.00
247,000.00
247,000.00
5.000
5.000
1,048.90
0.00
0.00
1,048.90
91282CCK5
1452
101
USTR
2,000,000.00
0.00
1,956,875.00
0.125
0.129
193.37
0.00
0.00
193.37
912796ZR3
1453
101
USTR
3,000,000.00
0.00
2,932,950.00
4.572
0.00
0.00
0.00
0.00
80865MAB3
1454
101
SCIENT
248,000.00
0.00
248,000.00
4.650
4.650
568.71
0.00
0.00
568.71
78472EAB0
1455
101
SPCOCU
249,000.00
0.00
249,000.00
4.350
4.350
326.43
0.00
0.00
326.43
Run Date: 05/05/2023 - 11:32
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings
Page 8
January 1, 2023 - January 31, 2023
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
91282CFH9 1456
101
USTR
500,000.00
0.00
489,175.00
3.125
3.221
345.30
0.00
0.00
345.30
300185LM5 1457
101
EVRGRN
248,000.00
0.00
248,000.00
3.850
3.850
104.64
0.00
0.00
104.64
82671 DABS 1458
101
SIGFCU
248,000.00
0.00
248,000.00
4.400
0.00
0.00
0.00
0.00
Subtotal
225,719,545.42
209,978,359.54
224,459,532.56
1.887
330,592.91
0.00
13,080.00
343,672.91
Fund: Fiscal Agent
SYS1058 1058
231
USBANK
4,644.86
4,631.32
4,644.86
3.442
13.54
0.00
0.00
13.54
Subtotal
4,644.86
4,631.32
4,644.86
3.442
13.54
0.00
0.00
13.54
Fund: Housing Authority:
WSA and LQ
SYS1062 1062
241
LQPR
417,959.41
426,625.90
417,959.41
0.00
0.00
0.00
0.00
Subtotal
417,959.41
426,625.90
417,959.41
0.00
0.00
0.00
0.00
Fund: SA Low/Mod Bond Fund
25-33-005 1113
249
LAIF
2,036,215.89
2,025,634.04
2,036,215.89
2.425
2.744
4,720.84
0.00
0.00
4,720.84
Subtotal
2,036,215.89
2,025,634.04
2,036,215.89
2.744
4,720.84
0.00
0.00
4,720.84
Total
228,178,365.58
212,435,250.80
226,918,352.72
1.891
335,327.29
0.00
13,080.00
348,407.29
Run Date: 05/05/2023 - 11:32
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
a
— GEM e& DESERT —
City of La Quinta
Portfolio Management
Portfolio Summary
February 28, 2023
City of La Quinta
Par
Market
Book
% of
Days to
YTM
Investments
Value
Value
Value
Portfolio
Term
Maturity
365 Equiv.
Bank Accounts
19,955,787.85
19,955,787.85
19,955,787.85
8.77
1
1
0.000
Local Agency Investment Fund -City
18,937,383.16
18,517,467.82
18,937,383.16
8.32
1
1
2.624
Local Agency Invstmnt Fund -Housing
2,036,215.89
2,010,335.04
2,036,215.89
0.89
1
1
2.624
Money Market Accounts - CAMP
38,542,886.18
38,542,886.18
38,542,886.18
16.93
1
1
4.730
Federal Agency Coupon Securities
41,250,000.00
37,952,315.00
41,030,749.09
18.03
1,664
1,034
1.525
Treasury Coupon Securities
42,750,000.00
40,546,170.00
42,056,206.75
18.48
1,078
742
2.547
Treasury Discount Notes
17,000,000.00
16,860,040.00
16,658,179.07
7.32
177
63
4.298
Certificate of Deposits
33,860,000.00
32,186,034.67
33,859,377.50
14.88
1,682
820
2.236
Corporate Notes
900,000.00
836,208.00
875,660.00
0.38
1,797
690
1.738
Money Market with Fiscal Agent
1,745,474.46
1,745,474.46
1,745,474.46
0.77
1
1
0.000
CERBT- OPEBTrust
1,750,883.78
1,750,883.78
1,750,883.78
0.77
1
1
0.000
PARS Pension Trust
10,158,931.53
10,158,931.53
10,158,931.53
4.46
1
1
0.000
228,887,562.85 22190629534.33 227,607,735.26 100.00% 770 453 2.442
Investments
Total Earnings February 28 Month Ending Fiscal Year To Date
Current Year 406,906.85 2,429,768.20
Average Daily Balance 226,928,219.47 216,569,110.39
Effective Rate of Return 2.34% 1.69%
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 by our financial institutions to determine the fair market value of investments at month end.
Digitally signed by
Claudia Martinez
Date: 2023.05.05
11:39:24-0700'
Claudia Martinez, Finance Director/City Treasurer
Reporting period 02/01/2023-02/28/2023
Run Date: 05/05/2023 - 11:25
Portfolio CITY
CID
PM (PRF_PM1) 7.3.0
Report Ver. 7.3.6.1
City of La Quinta
Portfolio Management
Portfolio Details - Investments
February 28, 2023
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
7,227,166.87
7,227,166.87
7,227,166.87
1 1 0.000
059731851
1228
Bank of the West
08/20/2019
11,781,216.97
11,781,216.97
11,781,216.97
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
720,787.03
720,787.03
720,787.03
1 1 0.000
SYS1062
1062
La Quinta Palms Realty
07/01/2016
223,316.98
223,316.98
223,316.98
1 1 0.000
Subtotal and Average 17,762,700.34
19,955,787.85
19,955,787.85
19,955,787.85
1 1 0.000
Local Agency Investment Fund -City
98-33-434
1055
Local Agency Inv Fund
18,937,383.16
18,517,467.82
18,937,383.16
2.624
1
1
2.624
Subtotal and Average
18,937,383.16
18,937,383.16
18,517,467.82
18,937,383.16
1
1
2.624
Local Agency Invstmnt Fund -Housing
25-33-005
1113
Local Agency Inv Fund
2,036,215.89
2,010,335.04
2,036,215.89
2.624
1
1
2.624
Subtotal and Average
2,036,215.89
2,036,215.89
2,010,335.04
2,036,215.89
1
1
2.624
Money Market Accounts - CAMP
SYS1153
1153
California Asset Management Pr
09/26/2018
38,542,886.18
38,542,886.18
38,542,886.18
4.730
1
1
4.730
Subtotal and Average
38,408,413.73
38,542,886.18
38,542,886.18
38,542,886.18
1
1
4.730
Federal Agency Coupon
Securities
3133EMX64
1340
Federal Farm Credit Bank
10/22/2021
500,000.00
496,410.00
499,002.04
0.170
553
58
0.302 04/28/2023
3133EKZK5
1223
Federal Farm Credit Bank
09/12/2019
500,000.00
491,890.00
499,400.00
1.600
1,432
166
1.632 08/14/2023
3133EJYL7
1158
Federal Farm Credit Bank
10/15/2018
250,000.00
246,850.00
247,275.00
2.800
1,786
188
3.041 09/05/2023
3133EK4X1
1234
Federal Farm Credit Bank
11/01/2019
1,000,000.00
975,930.00
996,900.00
1.600
1,461
245
1.680 11/01/2023
3130AFW94
1177
Federal Home Loan Bank
03/01/2019
500,000.00
487,905.00
498,550.00
2.500
1,810
349
2.563 02/13/2024
3133ELNEO
1246
Federal Farm Credit Bank
02/14/2020
1,000,000.00
964,790.00
999,000.00
1.430
1,461
350
1.456 02/14/2024
3133ENYH7
1401
Federal Farm Credit Bank
06/10/2022
500,000.00
484,740.00
499,080.00
2.625
731
467
2.720 06/10/2024
3135GOV75
1206
Federal National Mtg Assn
07/15/2019
500,000.00
478,260.00
495,950.00
1.750
1,814
489
1.922 07/02/2024
3133EKWV4
1212
Federal Farm Credit Bank
08/02/2019
500,000.00
477,510.00
499,500.00
1.850
1,820
513
1.871 07/26/2024
3133EKP75
1224
Federal Farm Credit Bank
09/17/2019
500,000.00
475,310.00
498,750.00
1.600
1,827
566
1.652 09/17/2024
3133ELEA8
1242
Federal Farm Credit Bank
12/17/2019
1,000,000.00
952,050.00
998,600.00
1.700
1,736
566
1.731 09/17/2024
3135GO6E8
1291
Federal National Mtg Assn
11/18/2020
500,000.00
461,310.00
499,250.00
0.420
1,461
628
0.458 11/18/2024
3133ENGN4
1355
Federal Farm Credit Bank
12/09/2021
1,000,000.00
930,540.00
1,000,000.00
0.970
1,096
649
0.970 12/09/2024
3135GAAW1
1300
Federal National Mtg Assn
12/30/2020
500,000.00
459,020.00
500,000.00
0.400
1,461
670
0.400 12/30/2024
3130AP2U8
1353
Federal Home Loan Bank
12/07/2021
1,000,000.00
919,210.00
987,100.00
0.550
1,127
678
0.976 01/07/2025
313OAQWY5
1374
Federal Home Loan Bank
02/25/2022
1,000,000.00
936,270.00
1,000,000.00
1.700
1,095
726
1.700 02/24/2025
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:25
PM (PRF_PM2) 7.3.0
Report Ver. 7.3.6.1
City of La Quinta
Portfolio Management
Portfolio Details - Investments
February 28, 2023
Page 2
CUSIP
Investment #
Average
Issuer Balance
Purchase
Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM
365
Maturity
Date
Federal Agency
Coupon Securities
3135G031.15
1365
Federal National Mtg Assn
01/28/2022
500,000.00
457,820.00
487,790.00
0.625
1,180
783
1.400
04/22/2025
3134GVYG7
1279
Federal Home Loan Mtg Corp
05/27/2020
1,000,000.00
912,340.00
1,000,000.00
0.625
1,826
818
0.625
05/27/2025
3133ELH23
1280
Federal Farm Credit Bank
06/09/2020
500,000.00
454,810.00
499,850.00
0.500
1,826
831
0.506
06/09/2025
3133ELH80
1282
Federal Farm Credit Bank
06/10/2020
500,000.00
454,780.00
500,000.00
0.680
1,826
832
0.680
06/10/2025
3130AJKW8
1281
Federal Home Loan Bank
06/03/2020
500,000.00
454,910.00
499,850.00
0.500
1,836
835
0.506
06/13/2025
3130AJRP6
1283
Federal Home Loan Bank
06/30/2020
300,000.00
272,067.00
300,000.00
0.680
1,826
852
0.680
06/30/2025
3137EAEU9
1297
Federal Home Loan Mtg Corp
12/07/2020
1,000,000.00
902,540.00
997,300.00
0.375
1,687
873
0.434
07/21/2025
3137EAEU9
1361
Federal Home Loan Mtg Corp
01/05/2022
500,000.00
451,270.00
487,090.00
0.375
1,293
873
1.120
07/21/2025
3135G05S8
1288
Federal National Mtg Assn
08/14/2020
500,000.00
449,015.00
500,000.00
0.500
1,826
897
0.500
08/14/2025
3136G4M75
1290
Federal National Mtg Assn
08/28/2020
500,000.00
451,850.00
499,750.00
0.520
1,816
901
0.530
08/18/2025
3136G4N74
1289
Federal National Mtg Assn
08/21/2020
1,000,000.00
898,790.00
1,000,000.00
0.560
1,826
904
0.560
08/21/2025
3137EAEX3
1307
Federal Home Loan Mtg Corp
02/23/2021
500,000.00
449,305.00
495,999.50
0.375
1,673
937
0.552
09/23/2025
3137EAEX3
1310
Federal Home Loan Mtg Corp
03/30/2021
1,000,000.00
898,610.00
983,940.00
0.375
1,638
937
0.740
09/23/2025
3130ARGJ4
1385
Federal Home Loan Bank
04/14/2022
500,000.00
470,685.00
500,000.00
2.500
1,279
958
2.500
10/14/2025
3134GW5R3
1362
Federal Home Loan Mtg Corp
01/05/2022
400,000.00
359,612.00
391,360.00
0.650
1,391
971
1.232
10/27/2025
3135G06G3
1354
Federal National Mtg Assn
12/07/2021
1,000,000.00
896,450.00
976,300.00
0.500
1,431
982
1.120
11/07/2025
3135GA2Z3
1292
Federal National Mtg Assn
11/17/2020
500,000.00
445,795.00
499,250.00
0.560
1,826
992
0.590
11/17/2025
3130AKFA9
1298
Federal Home Loan Bank
12/07/2020
500,000.00
445,615.00
497,400.00
0.375
1,831
1,017
0.480
12/12/2025
3135GA7D7
1299
Federal National Mtg Assn
12/23/2020
500,000.00
444,730.00
500,000.00
0.600
1,826
1,028
0.600
12/23/2025
3134GXGZ1
1301
Federal Home Loan Mtg Corp
12/30/2020
500,000.00
447,240.00
500,000.00
0.550
1,826
1,035
0.550
12/30/2025
3130AKMZ6
1302
Federal Home Loan Bank
01/14/2021
500,000.00
443,070.00
500,000.00
0.510
1,826
1,050
0.510
01/14/2026
313OAKN28
1304
Federal Home Loan Bank
01/29/2021
500,000.00
443,015.00
500,000.00
0.550
1,826
1,065
0.550
01/29/2026
3130ALV92
1312
Federal Home Loan Bank
03/30/2021
500,000.00
450,745.00
500,000.00
1.050
1,826
1,125
0.938
03/30/2026
3130AMFS6
1324
Federal Home Loan Bank
06/17/2021
1,000,000.00
887,180.00
993,420.00
0.750
1,821
1,199
0.885
06/12/2026
3133EM2C5
1330
Federal Farm Credit Bank
08/10/2021
500,000.00
435,115.00
498,000.00
0.710
1,826
1,258
0.792
08/10/2026
3133EM4X7
1338
Federal Farm Credit Bank
09/28/2021
1,000,000.00
879,460.00
991,080.00
0.800
1,808
1,289
0.985
09/10/2026
3130APBM6
1337
Federal Home Loan Bank
09/30/2021
1,000,000.00
876,340.00
999,000.00
1.000
1,826
1,309
1.021
09/30/2026
3130APB46
1339
Federal Home Loan Bank
10/13/2021
1,000,000.00
874,000.00
998,250.00
0.950
1,826
1,322
0.986
10/13/2026
3134GW6C5
1359
Federal Home Loan Mtg Corp
01/05/2022
500,000.00
433,960.00
486,000.00
0.800
1,757
1,337
1.403
10/28/2026
3133ENCQ1
1344
Federal Farm Credit Bank
11/02/2021
1,000,000.00
888,390.00
1,000,000.00
1.270
1,826
1,342
1.270
11/02/2026
3130APTV7
1347
Federal Home Loan Bank
11/24/2021
500,000.00
449,810.00
499,500.00
0.700
1,826
1,364
1.489
11/24/2026
313OAQF65
1358
Federal Home Loan Bank
12/22/2021
1,000,000.00
890,810.00
999,750.00
1.250
1,825
1,391
1.255
12/21/2026
3134GWUQ7
1366
Federal Home Loan Mtg Corp
02/10/2022
1,000,000.00
863,730.00
945,570.00
0.700
1,784
1,400
1.870
12/30/2026
3130AQJR5
1364
Federal Home Loan Bank
01/27/2022
1,000,000.00
889,930.00
1,000,000.00
1.500
1,826
1,428
1.500
01/27/2027
3130AQSA2
1367
Federal Home Loan Bank
02/10/2022
1,000,000.00
901,710.00
1,000,000.00
1.830
1,826
1,442
1.830
02/10/2027
3130ARGY1
1387
Federal Home Loan Bank
04/19/2022
1,000,000.00
926,050.00
1,000,000.00
2.700
1,826
1,510
2.700
04/19/2027
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:25
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
February 28, 2023
Page 3
CUSIP
Investment #
Issuer
Average
Balance
Purchase
Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM Maturity
365 Date
Federal Agency Coupon Securities
3130ASDV8
1409
Federal Home Loan Bank
06/28/2022
300,000.00
282,891.00
300,000.00
3.300
1,826
1,580
3.300 06/28/2027
3133ENL99
1426
Federal Farm Credit Bank
09/15/2022
1,000,000.00
957,900.00
997,492.55
3.375
1,826
1,659
3.430 09/15/2027
3133ENQ29
1433
Federal Farm Credit Bank
09/30/2022
1,000,000.00
983,310.00
996,400.00
4.000
1,825
1,673
4.080 09/29/2027
3133EN31-11
1441
Federal Farm Credit Bank
11/29/2022
1,000,000.00
983,150.00
998,650.00
4.000
1,826
1,734
4.030 11/29/2027
3133EN3S7
1446
Federal Farm Credit Bank
12/07/2022
1,000,000.00
972,490.00
998,000.00
3.750
1,826
1,742
3.794 12/07/2027
3133EPAV7
1464
Federal Farm Credit Bank
02/15/2023
1,000,000.00
983,030.00
995,400.00
3.875
1,825
1,811
3.977 02/14/2028
Subtotal and Average
40,533,049.09
41,250,000.00
37,952,315.00
41,030,749.09
1,664
1,034
1.525
Treasury Coupon Securities
91282CBU4
1349
U.S. Treasury
12/07/2021
1,000,000.00
996,250.00
996,718.75
0.125
479
30
0.376 03/31/2023
912828Q29
1431
U.S. Treasury
09/30/2022
2,000,000.00
1,994,800.00
1,977,200.00
1.500
182
30
3.824 03/31/2023
91282CBU4
1445
U.S. Treasury
12/02/2022
3,000,000.00
2,988,750.00
2,958,984.38
0.125
119
30
4.366 03/31/2023
91282CCD1
1350
U.S. Treasury
12/07/2021
1,000,000.00
988,140.00
995,468.75
0.125
540
91
0.432 05/31/2023
912828R69
1443
U.S. Treasury
12/02/2022
4,000,000.00
3,967,200.00
3,944,075.80
1.625
180
91
4.515 05/31/2023
91282CCK5
1452
U.S. Treasury
01/04/2023
2,000,000.00
1,968,040.00
1,956,875.00
0.125
177
121
4.635 06/30/2023
91282CCN9
1341
U.S. Treasury
10/22/2021
500,000.00
489,940.00
497,792.97
0.125
647
152
0.375 07/31/2023
9128284X5
1462
U.S. Treasury
02/07/2023
1,000,000.00
988,750.00
988,900.00
2.750
205
183
4.787 08/31/2023
91282BT26
1217
U.S. Treasury
08/21/2019
500,000.00
489,315.00
499,300.00
1.375
1,501
213
1.410 09/30/2023
91282CBA8
1351
U.S. Treasury
12/07/2021
1,000,000.00
961,560.00
990,000.00
0.125
738
289
0.623 12/15/2023
91282CBEO
1342
U.S. Treasury
10/22/2021
1,000,000.00
957,580.00
991,000.00
0.125
815
320
0.531 01/15/2024
91282CBR1
1352
U.S. Treasury
12/07/2021
1,000,000.00
950,740.00
989,800.00
0.250
829
380
0.704 03/15/2024
91282CBV2
1360
U.S. Treasury
01/05/2022
500,000.00
474,200.00
494,882.81
0.375
831
411
0.830 04/15/2024
912828XT2
1418
U.S. Treasury
05/04/2022
1,000,000.00
962,270.00
985,240.00
2.000
758
457
2.736 05/31/2024
9128282U3
1400
U.S. Treasury
06/09/2022
500,000.00
477,050.00
490,850.00
1.875
814
549
2.727 08/31/2024
91282CDB4
1343
U.S. Treasury
10/22/2021
1,000,000.00
932,770.00
996,320.00
0.625
1,089
594
0.750 10/15/2024
9128283DO
1390
U.S. Treasury
05/03/2022
1,000,000.00
956,640.00
985,190.00
2.250
912
610
2.870 10/31/2024
912828YV6
1241
U.S. Treasury
12/16/2019
1,000,000.00
943,130.00
989,687.50
1.500
1,811
640
1.718 11/30/2024
91282CAT8
1311
U.S. Treasury
03/30/2021
1,000,000.00
893,050.00
977,500.00
0.250
1,676
975
0.750 10/31/2025
91282CAZ4
1315
U.S. Treasury
04/22/2021
500,000.00
446,620.00
492,187.50
0.375
1,683
1,005
0.720 11/30/2025
91282CBC4
1303
U.S. Treasury
01/07/2021
500,000.00
446,055.00
498,632.81
0.375
1,819
1,036
0.431 12/31/2025
91282CBH3
1309
U.S. Treasury
02/23/2021
500,000.00
444,140.00
495,100.00
0.375
1,803
1,067
0.577 01/31/2026
91282CBQ3
1319
U.S. Treasury
05/28/2021
500,000.00
444,510.00
494,165.00
0.500
1,737
1,095
0.750 02/28/2026
91282CBQ3
1382
U.S. Treasury
03/23/2022
750,000.00
666,765.00
698,025.00
0.500
1,438
1,095
2.353 02/28/2026
91282CBT7
1320
U.S. Treasury
05/28/2021
500,000.00
447,365.00
499,525.00
0.750
1,768
1,126
0.770 03/31/2026
91282CBT7
1322
U.S. Treasury
06/17/2021
500,000.00
447,365.00
498,450.00
0.750
1,748
1,126
0.816 03/31/2026
9128286S4
1383
U.S. Treasury
03/23/2022
1,000,000.00
939,650.00
999,010.00
2.375
1,499
1,156
2.400 04/30/2026
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:25
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
February 28, 2023
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
91282CCF6
1321
U.S. Treasury
06/01/2021
1,000,000.00
889,020.00
997,060.00
0.750
1,825
1,187
0.810
05/31/2026
91282CCF6
1323
U.S. Treasury
06/17/2021
500,000.00
444,510.00
497,095.00
0.750
1,809
1,187
0.870
05/31/2026
91282CCP4
1335
U.S. Treasury
09/29/2021
1,000,000.00
880,900.00
983,750.00
0.625
1,766
1,248
0.970
07/31/2026
91282CCW9
1336
U.S. Treasury
09/29/2021
1,000,000.00
882,460.00
988,500.00
0.750
1,797
1,279
0.990
08/31/2026
91282CCW9
1380
U.S. Treasury
03/22/2022
500,000.00
441,230.00
466,454.17
0.750
1,623
1,279
2.350
08/31/2026
91282CDG3
1381
U.S. Treasury
03/22/2022
500,000.00
445,350.00
473,396.82
1.125
1,684
1,340
2.350
10/31/2026
912828Z78
1369
U.S. Treasury
02/10/2022
1,000,000.00
898,590.00
986,700.00
1.500
1,816
1,432
1.781
01/31/2027
91282CEF4
1391
U.S. Treasury
05/03/2022
1,000,000.00
932,620.00
976,860.00
2.500
1,793
1,491
3.010
03/31/2027
91282CEN7
1398
U.S. Treasury
06/08/2022
500,000.00
470,545.00
495,000.00
2.750
1,787
1,521
2.971
04/30/2027
91282BX88
1397
U.S. Treasury
06/07/2022
1,000,000.00
926,520.00
969,687.50
2.375
1,803
1,536
3.041
05/15/2027
91282CET4
1399
U.S. Treasury
06/08/2022
500,000.00
467,870.00
491,842.18
2.625
1,818
1,552
2.980
05/31/2027
91282CEW7
1465
U.S. Treasury
02/15/2023
1,000,000.00
959,450.00
967,220.00
3.250
1,596
1,582
4.075
06/30/2027
91282CFB2
1417
U.S. Treasury
08/15/2022
1,000,000.00
939,380.00
989,460.00
2.750
1,811
1,613
2.980
07/31/2027
91282CFB2
1422
U.S. Treasury
08/29/2022
1,000,000.00
939,380.00
979,645.67
2.750
1,797
1,613
3.200
07/31/2027
9128282RO
1439
U.S. Treasury
11/18/2022
1,000,000.00
919,060.00
927,110.00
2.250
1,731
1,628
3.950
08/15/2027
91282CFH9
1456
U.S. Treasury
01/24/2023
500,000.00
477,110.00
489,175.00
3.125
1,680
1,644
3.640
08/31/2027
91282CGH8
1460
U.S. Treasury
02/02/2023
1,000,000.00
969,530.00
996,369.14
3.500
1,824
1,797
3.580
01/31/2028
Subtotal and Average
46,085,655.11
42,750,000.00
40,546,170.00
42,056,206.75
1,078
742
2.547
Treasury Discount
Notes
912796YB9
1423
U.S. Treasury
09/02/2022
3,000,000.00
2,999,640.00
2,951,409.30
3.221
181
1
3.366
03/02/2023
912796YB9
1424
U.S. Treasury
09/02/2022
2,000,000.00
1,999,760.00
1,967,621.12
3.220
181
1
3.365
03/02/2023
912796YV5
1436
U.S. Treasury
11/02/2022
5,000,000.00
4,963,200.00
4,893,349.12
4.363
176
57
4.583
04/27/2023
912796YV5
1437
U.S. Treasury
11/07/2022
2,000,000.00
1,985,280.00
1,958,436.61
4.375
171
57
4.593
04/27/2023
912796ZR3
1453
U.S. Treasury
01/04/2023
3,000,000.00
2,953,260.00
2,932,950.00
4.572
176
120
4.807
06/29/2023
912796Y37
1463
U.S. Treasury
02/07/2023
2,000,000.00
1,958,900.00
1,954,412.92
4.636
177
155
4.877
08/03/2023
Subtotal and Average
16,239,376.30
17,000,000.00
16,860,040.00
16,658,179.07
177
63
4.298
Certificate of
Deposits
034577AH9
1119
66704M EQO
1263
954444BS3
1265
17312QJ26
1123
20726ABA5
1189
29278TAY6
1125
32117BCX4
1179
Run Date: 05/05/2023 - 11:25
Aneca Federal Credit Union
03/22/2018
245,000.00
244,715.21
245,000.00
2.800
1,826
21
2.802 03/22/2023
Northstar Bank
03/31/2020
248,000.00
247,219.49
248,000.00
1.150
1,095
30
1.150 03/31/2023
West Michigan Cmnty Bk
03/31/2020
248,000.00
247,219.49
248,000.00
1.150
1,095
30
1.150 03/31/2023
Citibank NA
04/11/2018
245,000.00
244,487.58
245,000.00
2.900
1,826
41
2.902 04/11/2023
Congressional Bank
04/30/2019
248,000.00
247,062.61
248,000.00
2.500
1,459
58
2.502 04/28/2023
EnerBank USA
04/30/2018
240,000.00
239,268.81
240,000.00
2.950
1,824
58
2.952 04/28/2023
First National Bank
03/05/2019
248,000.00
247,087.06
248,000.00
2.800
1,522
65
2.802 05/05/2023
Portfolio CITY
CID
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
February 28, 2023
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
725404AB3
1194
Pittsfield Cooperative Bank
06/07/2019
245,000.00
243,359.16
245,000.00
2.500
1,461
98
2.502 06/07/2023
619165JD6
1173
Morton Community
03/20/2019
248,000.00
246,326.07
248,000.00
2.750
1,553
111
2.753 06/20/2023
74934YAH4
1144
RCB Bank
06/20/2018
245,000.00
243,648.23
245,000.00
3.150
1,826
111
3.152 06/20/2023
02616AAH2
1285
American First CU
06/26/2020
248,000.00
244,306.32
248,000.00
0.350
1,095
117
0.350 06/26/2023
02772JBD1
1205
American National Bank
07/19/2019
248,000.00
245,072.09
248,000.00
2.000
1,461
140
2.001 07/19/2023
32110YLK9
1147
First National Bank of America
07/20/2018
245,000.00
243,185.20
245,000.00
3.150
1,826
141
3.152 07/20/2023
06426KAN8
1151
Bank of New England
07/31/2018
249,000.00
246,953.11
249,000.00
3.250
1,826
152
3.252 07/31/2023
75472RAD3
1218
Raymond James Bank
08/23/2019
244,000.00
240,297.81
244,000.00
1.950
1,461
175
1.951 08/23/2023
89579NCD3
1262
Triad Bank
03/30/2020
248,000.00
242,310.79
248,000.00
1.350
1,278
212
1.352 09/29/2023
57116ARV2
1155
Cache Valley BK F/K/A Marlin
10/17/2018
248,000.00
244,949.77
248,000.00
3.300
1,826
230
3.302 10/17/2023
625925AR3
1160
Municipal Trust and Savings
10/17/2018
245,000.00
241,832.42
245,000.00
3.200
1,826
230
3.202 10/17/2023
90348JEJ5
1161
UBS Bank USA
10/17/2018
245,000.00
242,063.79
245,000.00
3.350
1,826
230
3.352 10/17/2023
474067AQ8
1154
Jefferson Financial CU
10/19/2018
245,000.00
242,043.68
245,000.00
3.350
1,826
232
3.352 10/19/2023
20143PDV9
1162
Commercial Bank
11/15/2018
248,000.00
244,672.89
248,000.00
3.400
1,826
259
3.402 11/15/2023
67054NAN3
1164
Numerica Credit Union
11/28/2018
248,000.00
244,708.11
248,000.00
3.550
1,826
272
3.552 11/28/2023
48115LAD6
1396
Jovia Financial Credit Union
06/07/2022
248,000.00
242,607.98
248,000.00
2.500
548
281
2.502 12/07/2023
635573AL2
1170
National Cooperative Bank, N.A
12/21/2018
245,000.00
241,192.88
245,000.00
3.400
1,826
295
3.402 12/21/2023
066851 WJ1
1172
Bar Harbor Bank and Trust
12/31/2018
248,000.00
243,472.92
248,000.00
3.350
1,824
303
3.352 12/29/2023
89269FDP7
1415
Tradition Capital
07/20/2022
246,000.00
240,682.90
246,000.00
3.000
551
327
3.008 01/22/2024
51210SQU4
1208
Lakeside Bank
07/30/2019
248,000.00
239,742.82
248,000.00
2.000
1,644
334
2.003 01/29/2024
77579ADF0
1251
Rollstone B&T
02/12/2020
245,000.00
236,053.69
245,000.00
1.650
1,461
348
1.651 02/12/2024
66736ABP3
1181
Northwest Bank
02/13/2019
248,000.00
241,868.74
248,000.00
2.950
1,826
349
2.951 02/13/2024
949763XY7
1174
Wells Fargo
02/27/2019
248,000.00
241,752.68
248,000.00
3.000
1,826
363
3.001 02/27/2024
50625LAW3
1384
Lafayette FCU
03/30/2022
248,000.00
238,580.00
248,000.00
2.050
729
393
2.053 03/28/2024
882213AB7
1260
Texas Bank Financial
03/31/2020
245,000.00
233,348.43
245,000.00
1.100
1,458
393
1.101 03/28/2024
472382AQ3
1272
The Jefferson Bank
04/15/2020
248,000.00
235,968.91
248,000.00
1.250
1,461
411
1.251 04/15/2024
08016PDQ9
1270
Belmont Bank and Trust
04/16/2020
248,000.00
235,940.65
248,000.00
1.250
1,461
412
1.251 04/16/2024
69506YRH4
1269
Pacific Western Bank
04/16/2020
245,000.00
233,334.28
245,000.00
1.300
1,461
412
1.301 04/16/2024
56065GAG3
1188
Main Street Bank
04/26/2019
248,000.00
239,456.32
248,000.00
2.600
1,827
422
2.603 04/26/2024
33640VDD7
1231
First Service Bank
11/15/2019
248,000.00
236,572.29
248,000.00
1.700
1,643
441
1.701 05/15/2024
48128HXU7
1185
JP Morgan Chase
05/16/2019
245,000.00
238,218.66
245,000.00
3.250
1,827
442
3.254 05/16/2024
46256YAZ2
1186
Iowa State Bank
05/23/2019
245,000.00
235,652.40
245,000.00
2.400
1,827
449
2.403 05/23/2024
538036GV0
1238
Live Oak Bank
11/27/2019
248,000.00
236,683.01
248,000.00
1.800
1,644
454
1.802 05/28/2024
156634AK3
1184
Century Next Bank
05/29/2019
248,000.00
238,908.24
248,000.00
2.500
1,827
455
2.503 05/29/2024
72651 LCL6
1195
Plains Commerce Bank
06/07/2019
245,000.00
235,936.31
245,000.00
2.550
1,827
464
2.553 06/07/2024
299547AQ2
1196
Liberty FCU F/K/A Evansville T
06/12/2019
248,000.00
238,815.55
248,000.00
2.600
1,827
469
2.603 06/12/2024
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:25
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
February 28, 2023
Page 6
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
524661CB9
1197
Legacy Bank
06/19/2019
248,000.00
238,051.61
248,000.00
2.400
1,827
476
2.403 06/19/2024
176688CP2
1199
Citizens State Bank
06/21/2019
248,000.00
238,011.50
248,000.00
2.400
1,827
478
2.403 06/21/2024
20416TAQ5
1202
Communitywide FCU
06/28/2019
248,000.00
237,527.09
248,000.00
2.250
1,827
485
2.253 06/28/2024
761402BY1
1203
Revere Bank
06/28/2019
247,000.00
236,813.83
247,000.00
2.300
1,827
485
2.303 06/28/2024
00257TBD7
1207
Abacus Federal Savings
07/26/2019
248,000.00
235,927.50
248,000.00
1.950
1,827
513
1.952 07/26/2024
33625CCP2
1209
First Security Bank of WA
07/30/2019
248,000.00
236,308.86
248,000.00
2.000
1,827
517
2.002 07/30/2024
710571DS6
1210
People's Bank
07/31/2019
248,000.00
236,287.21
248,000.00
2.000
1,827
518
2.002 07/31/2024
740367HP5
1213
Preferred Bank
08/16/2019
249,000.00
236,735.61
249,000.00
2.000
1,827
534
2.002 08/16/2024
33766LAJ7
1216
FirsTier Bank
08/23/2019
249,000.00
236,402.35
249,000.00
1.950
1,827
541
1.952 08/23/2024
938828131-12
1215
Washington Federal
08/23/2019
248,000.00
235,631.77
248,000.00
2.000
1,827
541
2.002 08/23/2024
336460CX6
1222
First State Bk DeQueen
08/30/2019
248,000.00
235,068.06
248,000.00
1.800
1,827
548
1.802 08/30/2024
334342CD2
1221
First Natl Bk of Syracuse
08/30/2019
249,000.00
236,197.82
249,000.00
1.850
1,827
548
1.852 08/30/2024
15118RRH2
1220
Celtic Bank
08/30/2019
248,000.00
235,249.23
248,000.00
1.850
1,827
548
1.852 08/30/2024
05580AD50
1333
BMW Bank
09/10/2021
245,000.00
227,811.94
245,000.00
0.650
1,096
559
0.651 09/10/2024
06652CHB0
1227
BankWest Inc
09/27/2019
248,000.00
233,894.13
248,000.00
1.700
1,827
576
1.702 09/27/2024
84223QAN7
1286
Southern Bancorp Bk
06/26/2020
248,000.00
228,637.42
248,000.00
0.500
1,582
604
0.500 10/25/2024
804375131-4
1235
Sauk Valley B&T Co
11/07/2019
248,000.00
233,286.67
248,000.00
1.700
1,827
617
1.702 11/07/2024
61690UNX4
1237
Morgan Stanley Bank
11/20/2019
245,000.00
231,314.15
245,000.00
1.950
1,827
630
1.952 11/20/2024
61760A3133
1236
Morgan Stanley Private Bk, NA
11/20/2019
245,000.00
231,111.97
245,000.00
1.900
1,827
630
1.902 11/20/2024
064520BG3
1287
Bank Princeton
06/30/2020
248,000.00
227,379.46
248,000.00
0.500
1,644
670
0.500 12/30/2024
80865MAB3
1454
Scient FCU
01/13/2023
248,000.00
245,381.51
248,000.00
4.650
731
684
4.656 01/13/2025
89388CEYO
1328
Transportation Alliance Bk TAB
07/23/2021
248,000.00
226,032.69
248,000.00
0.400
1,280
694
0.401 01/23/2025
06417NZQ9
1329
Bank OZK
07/29/2021
248,000.00
226,241.34
248,000.00
0.400
1,280
700
0.401 01/29/2025
90983WBT7
1249
United Community
02/07/2020
248,000.00
231,575.98
248,000.00
1.650
1,827
709
1.652 02/07/2025
32114VBT3
1250
First National Bank Michigan
02/14/2020
248,000.00
231,422.08
248,000.00
1.650
1,827
716
1.652 02/14/2025
35637RDC8
1248
Freedom Financial
02/14/2020
248,000.00
230,953.81
248,000.00
1.550
1,827
716
1.552 02/14/2025
029728BC5
1255
American State
02/21/2020
248,000.00
231,032.34
248,000.00
1.600
1,827
723
1.602 02/21/2025
17286TAGO
1252
Citadel FCU
02/27/2020
248,000.00
231,137.51
248,000.00
1.650
1,827
729
1.652 02/27/2025
00435JBH5
1256
Access Bank
03/13/2020
248,000.00
230,798.14
248,000.00
1.600
1,826
743
1.601 03/13/2025
849430BF9
1257
Spring Bank
03/20/2020
248,000.00
230,155.35
248,000.00
1.500
1,826
750
1.501 03/20/2025
05465DAE8
1258
Axos Bank
03/26/2020
248,000.00
230,760.53
248,000.00
1.650
1,826
756
1.651 03/26/2025
020080BX4
1267
Alma Bank
03/30/2020
248,000.00
229,652.27
248,000.00
1.400
1,824
758
1.399 03/28/2025
2027506M2
1268
Commonwealth Business Bk
03/31/2020
248,000.00
229,010.32
248,000.00
1.250
1,826
761
1.251 03/31/2025
654062JZ2
1266
Nicolet Natl Bank
03/31/2020
248,000.00
229,755.40
248,000.00
1.400
1,826
761
1.401 03/31/2025
14042TDD6
1271
Capital One USA FDIC33954
04/08/2020
245,000.00
227,774.30
245,000.00
1.600
1,826
769
1.601 04/08/2025
02007GPX5
1388
Ally Bank Midvale
04/21/2022
245,000.00
232,225.83
245,000.00
2.550
1,096
782
2.550 04/21/2025
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:25
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
February 28, 2023
Page 7
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
52168UHY1
1389
Leader Bank
04/22/2022
245,000.00
232,210.16
245,000.00
2.550
1,096
783
2.552 04/22/2025
32112UDR9
1274
First Natl Bk McGregor
04/28/2020
248,000.00
228,864.42
248,000.00
1.350
1,826
789
1.351 04/28/2025
32027BALl
1273
First Freedom Bank
04/29/2020
249,000.00
229,167.33
249,000.00
1.200
1,826
790
1.201 04/29/2025
33847E3A3
1276
Flagstar
04/30/2020
248,000.00
228,653.84
248,000.00
1.250
1,826
791
1.251 04/30/2025
32056GDJ6
1278
list Internet Bank
05/11/2020
248,000.00
226,714.58
248,000.00
1.000
1,827
803
0.985 05/12/2025
95960NKD8
1277
Western State Bank
05/13/2020
245,000.00
224,136.41
245,000.00
1.000
1,826
804
1.001 05/13/2025
254673E69
1392
Discover Bank Greenwood DE CF
05/24/2022
245,000.00
234,707.08
245,000.00
3.100
1,099
818
3.103 05/27/2025
169894AS1
1284
Chippewa Valley Bk
06/24/2020
248,000.00
223,634.40
248,000.00
0.600
1,826
846
0.600 06/24/2025
307811DF3
1363
Farmers & Merch
01/14/2022
249,000.00
225,876.06
249,000.00
0.900
1,277
866
0.900 07/14/2025
70962LAF9
1331
Pentagon FCU
09/01/2021
249,000.00
223,841.90
249,000.00
0.700
1,462
916
0.687 09/02/2025
914242AAO
1429
University Credit Union
09/26/2022
248,000.00
242,360.41
248,000.00
4.000
1,096
940
3.891 09/26/2025
51507LCC6
1305
Landmark Community Bank
01/22/2021
248,000.00
218,894.45
248,000.00
0.500
1,826
1,058
0.500 01/22/2026
84229LBA9
1434
Southern Bank Sardis GA
10/28/2022
244,000.00
240,658.58
244,000.00
4.250
1,188
1,064
4.254 01/28/2026
87270LDL4
1306
TIAA FKA EverBank
02/12/2021
245,000.00
216,208.63
245,000.00
0.500
1,826
1,079
0.500 02/12/2026
64034KAZ4
1376
Nelnet Bank
03/02/2022
245,000.00
224,939.33
245,000.00
1.800
1,461
1,097
1.801 03/02/2026
39573LBC1
1313
Greenstate FCU
04/16/2021
249,000.00
221,578.54
249,000.00
0.950
1,826
1,142
0.951 04/16/2026
89235MKY6
1314
Toyota Financial Savings Bank
04/22/2021
245,000.00
217,759.20
245,000.00
0.900
1,826
1,148
0.900 04/22/2026
14622LAAO
1316
Carter FCU
04/27/2021
248,000.00
218,971.90
248,000.00
0.750
1,826
1,153
0.750 04/27/2026
31617CAV5
1317
Fidelity Homestead
04/30/2021
248,000.00
218,851.08
248,000.00
0.700
1,826
1,156
0.711 04/30/2026
501798RP9
1356
LCA Bank Corp
12/27/2021
248,000.00
220,076.90
248,000.00
1.000
1,642
1,213
1.000 06/26/2026
92559TAJ7
1325
Vibrant Credit Union
07/02/2021
249,000.00
219,428.77
248,377.50
0.800
1,824
1,217
0.852 06/30/2026
300185LM5
1457
Evergreen Bank Group
01/27/2023
248,000.00
241,899.59
248,000.00
3.850
1,277
1,244
3.849 07/27/2026
38149MXK4
1326
Goldman Sachs
07/28/2021
248,000.00
219,748.19
248,000.00
1.000
1,826
1,245
1.001 07/28/2026
795451AFO
1327
Sallie Mae Bank Salt Lake City
07/28/2021
248,000.00
219,748.19
248,000.00
1.000
1,826
1,245
1.001 07/28/2026
87165ET98
1332
Synchrony Bank Retail
09/03/2021
245,000.00
215,709.54
245,000.00
0.900
1,826
1,282
0.900 09/03/2026
20786ADL6
1334
Connect One
09/24/2021
248,000.00
216,812.56
248,000.00
0.800
1,826
1,303
0.800 09/24/2026
59013KPNO
1345
Merrick Bank
11/09/2021
249,000.00
219,612.38
249,000.00
1.100
1,826
1,349
1.101 11/09/2026
14042RQBO
1346
Capital One Natl Assn FDIC4297
11/17/2021
248,000.00
218,808.89
248,000.00
1.100
1,826
1,357
1.101 11/17/2026
20825WAR1
1357
Connexus CU
12/23/2021
249,000.00
220,250.58
249,000.00
1.250
1,826
1,393
1.250 12/23/2026
89786MAF1
1368
True Sky FCU
02/04/2022
245,000.00
219,647.84
245,000.00
1.600
1,826
1,436
1.601 02/04/2027
02357QAQO
1372
Amerant Bank
02/14/2022
245,000.00
219,458.42
245,000.00
1.600
1,828
1,448
1.601 02/16/2027
07371AYE7
1370
Beal Bank TX
02/23/2022
245,000.00
222,124.67
245,000.00
1.900
1,820
1,449
1.901 02/17/2027
073710E88
1371
Beal Bank USA
02/23/2022
245,000.00
222,124.67
245,000.00
1.900
1,820
1,449
1.901 02/17/2027
59161YAP1
1373
Metro Credit Union
02/18/2022
249,000.00
223,707.85
249,000.00
1.700
1,826
1,450
1.701 02/18/2027
24773RCR4
1377
Delta Natl B&T
03/09/2022
245,000.00
222,911.24
245,000.00
2.000
1,814
1,457
2.001 02/25/2027
27004PCM3
1375
Eaglemark Savings
03/02/2022
245,000.00
223,038.83
245,000.00
2.000
1,826
1,462
2.001 03/02/2027
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:25
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
February 28, 2023
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
91139LAB2
1378
United Roosevelt Savings
03/11/2022
248,000.00
224,529.68
248,000.00
1.900
1,826
1,471
1.901 03/11/2027
565819AG4
1379
Marathon Bnak
03/16/2022
248,000.00
223,528.27
248,000.00
1.800
1,826
1,476
1.801 03/16/2027
20033A3A2
1386
Comenity Capital Bank
04/14/2022
248,000.00
231,262.48
248,000.00
2.650
1,826
1,505
2.652 04/14/2027
397417AQ9
1419
Greenwoods State Bank
05/17/2022
248,000.00
234,927.40
248,000.00
3.050
1,826
1,538
3.052 05/17/2027
02589ADH2
1421
American Express, NB
08/29/2022
245,000.00
235,880.71
245,000.00
3.450
1,793
1,609
3.067 07/27/2027
88413QDN5
1420
Third Federal Savings and Loan
08/19/2022
245,000.00
234,421.93
245,000.00
3.300
1,826
1,632
3.302 08/19/2027
732329BD8
1425
Ponce Bank
09/15/2022
248,000.00
239,267.46
248,000.00
3.500
1,826
1,659
3.502 09/15/2027
052392BT3
1427
Austin Telco FCU
09/21/2022
248,000.00
242,352.98
248,000.00
3.800
1,826
1,665
3.770 09/21/2027
22258JAB7
1430
County Schools FCU
09/30/2022
248,000.00
248,908.07
248,000.00
4.400
1,826
1,674
4.325 09/30/2027
34520LATO
1435
Forbright Bank
11/02/2022
248,000.00
251,048.60
248,000.00
4.600
1,826
1,707
4.602 11/02/2027
25460FDW3
1438
Direct FCU
11/07/2022
248,000.00
253,189.16
248,000.00
4.800
1,827
1,713
4.735 11/08/2027
914098DJ4
1442
University Bank
11/30/2022
249,000.00
248,101.04
249,000.00
4.200
1,826
1,735
4.202 11/30/2027
25844MAK4
1447
Dort Financial CU
12/16/2022
247,000.00
249,176.09
247,000.00
4.500
1,826
1,751
4.503 12/16/2027
01664MAB2
1448
All In FCU
12/20/2022
248,000.00
249,110.74
248,000.00
4.400
1,826
1,755
4.402 12/20/2027
51828MAC8
1449
Latino Comm. CU
12/21/2022
248,000.00
250,201.43
248,000.00
4.500
1,826
1,756
4.503 12/21/2027
45157PAZ3
1450
Ideal CU
12/29/2022
248,000.00
250,541.16
248,000.00
4.500
1,826
1,764
4.502 12/29/2027
01882MAC6
1451
Alliant CU
12/30/2022
247,000.00
254,989.53
247,000.00
5.000
1,826
1,765
5.003 12/30/2027
78472EABO
1455
SPCO Credit Union
01/20/2023
249,000.00
249,744.24
249,000.00
4.350
1,826
1,786
4.352 01/20/2028
82671DAB3
1458
Signature FCU
01/31/2023
248,000.00
249,637.74
248,000.00
4.400
1,826
1,797
4.402 01/31/2028
79772FAG1
1459
San Francisco FCU
02/03/2023
248,000.00
248,914.34
248,000.00
4.350
1,826
1,800
4.352 02/03/2028
530520AH8
1466
Liberty First CU
02/21/2023
248,000.00
250,611.66
248,000.00
4.500
1,827
1,819
4.504 02/22/2028
09582YAF9
1467
Blue Ridge Bank
02/28/2023
244,000.00
243,415.62
244,000.00
4.200
1,826
1,825
4.202 02/28/2028
Subtotal and Average 33,827,806.07
33,860,000.00
32,186,034.67
33,859,377.50
1,682
820
2.236
Corporate Notes
594918BQ6 1157
Microsoft Corporation
10/15/2018
400,000.00
394,768.00
378,360.00 2.000
1,758
160
3.222 08/08/2023
45950VPS9 1308
International Finance Corp.
02/26/2021
500,000.00
441,440.00
497,300.00 0.500
1,826
1,093
0.610 02/26/2026
Subtotal and Average 875,660.00
900,000.00
836,208.00
875,660.00
1,797
690
1.738
Money Market with Fiscal Agent
SYS1058 1058
US Bank
07/01/2016
1,745,474.46
1,745,474.46
1,745,474.46
1
1
0.000
Subtotal and Average 66,817.35
1,745,474.46
1,745,474.46
1,745,474.46
1
1
0.000
CERBT - OPEB Trust
SYS1114 1114
CalPERS CERBT Plan
07/01/2022
1,750,883.78
1,750,883.78
1,750,883.78
1
1
0.000
Run Date: 05/05/2023 - 11:25
Portfolio CITY
CID
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management Page 9
Portfolio Details - Investments
February 28, 2023
Average Purchase Stated Days to YTM Maturity
CUSIP Investment # Issuer Balance Date Par Value Market Value Book Value
Rate Term Maturity 365 Date
Subtotal and Average 1,750,883.78 1,750,883.78 1,750,883.78 1,750,883.78 1 1 0.000
PARS Pension Trust
SYS1230 1230 Pblc Agncy Rtrmnt Sery 10,158,931.53 10,158,931.53 10,158,931.53 1 1 0.000
Subtotal and Average 10,404,258.65 10,158,931.53 10,158,931.53 10,158,931.53 1 1 0.000
Total and Average 226,928,219.47
Run Date: 05/05/2023 - 11:25
228,887,562.85 221,062,534.33 227,607,735.26
770 453 2.442
Portfolio CITY
CID
PM (PRF_PM2) 7.3.0
Q"It(V�
GEM aj'cl&e DESERT -
City of La Quinta
Total Earnings
Sorted by Fund - Fund
February 1, 2023 - February 28, 2023
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
18,937,383.16
18,937,383.16
18,937,383.16
2.624
2.735
39,736.17
0.00
0.00
39,736.17
SYS1059
1059
101
CITYPC
3,300.00
3,300.00
3,300.00
0.00
0.00
0.00
0.00
SYS1114
1114
101
CALPRS
1,750,883.78
1,750,883.78
1,750,883.78
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
526.24
0.00
0.00
526.24
17312QJ26
1123
101
CITINA
245,000.00
245,000.00
245,000.00
2.900
2.900
545.04
0.00
0.00
545.04
29278TAY6
1125
101
ENER
240,000.00
240,000.00
240,000.00
2.950
2.950
543.12
0.00
0.00
543.12
74934YAH4
1144
101
RCB
245,000.00
245,000.00
245,000.00
3.150
3.150
592.03
0.00
0.00
592.03
32110YLK9
1147
101
1STNBA
245,000.00
245,000.00
245,000.00
3.150
3.150
592.03
0.00
0.00
592.03
06426KAN8
1151
101
NWENGL
249,000.00
249,000.00
249,000.00
3.250
3.250
620.79
0.00
0.00
620.79
SYS1153
1153
101
CAMP
38,542,886.18
38,403,433.27
38,542,886.18
4.730
4.734
139,452.91
0.00
0.00
139,452.91
474067AQ8
1154
101
JEFF
245,000.00
245,000.00
245,000.00
3.350
3.350
629.62
0.00
0.00
629.62
57116ARV2
1155
101
MARBUS
248,000.00
248,000.00
248,000.00
3.300
3.300
627.81
0.00
0.00
627.81
594918BQ6
1157
101
MCRSFT
400,000.00
378,360.00
378,360.00
2.000
2.297
666.67
0.00
0.00
666.67
3133EJYL7
1158
101
FFCB
250,000.00
247,275.00
247,275.00
2.800
3.075
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
601.42
0.00
0.00
601.42
90348JEJ5
1161
101
UBS
245,000.00
245,000.00
245,000.00
3.350
3.350
629.62
0.00
0.00
629.62
20143PDV9
1162
101
COMMBK
248,000.00
248,000.00
248,000.00
3.400
3.400
646.84
0.00
0.00
646.84
67054NAN3
1164
101
NMRCA
248,000.00
248,000.00
248,000.00
3.550
3.550
675.38
0.00
0.00
675.38
635573AL2
1170
101
NLCOOP
245,000.00
245,000.00
245,000.00
3.400
3.400
639.01
0.00
0.00
639.01
066851WJ1
1172
101
BARHAR
248,000.00
248,000.00
248,000.00
3.350
3.350
637.33
0.00
0.00
637.33
619165JD6
1173
101
MORTN
248,000.00
248,000.00
248,000.00
2.750
2.750
523.18
0.00
0.00
523.18
949763XY7
1174
101
WELLS
248,000.00
248,000.00
248,000.00
3.000
3.000
570.74
0.00
0.00
570.74
19416QEA4
1175
101
COLGTE
0.00
485,250.00
0.00
1.950
0.00
0.00
14,750.00
14,750.00
3130AFW94
1177
101
FHLB
500,000.00
498,550.00
498,550.00
2.500
2.724
1,041.67
0.00
0.00
1,041.67
32117BCX4
1179
101
1STNBK
248,000.00
248,000.00
248,000.00
2.800
2.800
532.69
0.00
0.00
532.69
92535LCD4
1180
101
VERUS
0.00
248,000.00
0.00
2.700
2.700
513.66
0.00
0.00
513.66
66736ABP3
1181
101
NRTHWS
248,000.00
248,000.00
248,000.00
2.950
2.950
561.23
0.00
0.00
561.23
156634AK3
1184
101
CENTNX
248,000.00
248,000.00
248,000.00
2.500
2.500
475.62
0.00
0.00
475.62
48128HXU7
1185
101
JPMORG
245,000.00
245,000.00
245,000.00
3.250
3.250
610.82
0.00
0.00
610.82
46256YAZ2
1186
101
IOWAST
245,000.00
245,000.00
245,000.00
2.400
2.400
451.07
0.00
0.00
451.07
Run Date: 05/05/2023 - 11:36
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings Page 2
February 1, 2023 - February 28, 2023
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
56065GAG3
1188
101
MAINST
248,000.00
248,000.00
248,000.00
2.600
2.600
494.64
0.00
0.00
494.64
20726ABA5
1189
101
CONGRS
248,000.00
248,000.00
248,000.00
2.500
2.500
475.61
0.00
0.00
475.61
725404AB3
1194
101
PITTS
245,000.00
245,000.00
245,000.00
2.500
2.500
469.86
0.00
0.00
469.86
72651LCL6
1195
101
PLAINS
245,000.00
245,000.00
245,000.00
2.550
2.550
479.26
0.00
0.00
479.26
299547AQ2
1196
101
EVNSCU
248,000.00
248,000.00
248,000.00
2.600
2.600
494.64
0.00
0.00
494.64
524661CB9
1197
101
LEGCY
248,000.00
248,000.00
248,000.00
2.400
2.400
456.59
0.00
0.00
456.59
176688CP2
1199
101
CTZNST
248,000.00
248,000.00
248,000.00
2.400
2.400
456.59
0.00
0.00
456.59
20416TAQ5
1202
101
COMMW
248,000.00
248,000.00
248,000.00
2.250
2.250
428.05
0.00
0.00
428.05
761402BY1
1203
101
REVER
247,000.00
247,000.00
247,000.00
2.300
2.300
435.81
0.00
0.00
435.81
02772JBD1
1205
101
AMRNTL
248,000.00
248,000.00
248,000.00
2.000
2.000
380.49
0.00
0.00
380.49
3135GOV75
1206
101
FNMA
500,000.00
495,950.00
495,950.00
1.750
1.917
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
370.98
0.00
0.00
370.98
51210SQU4
1208
101
LKSIDE
248,000.00
248,000.00
248,000.00
2.000
2.000
380.49
0.00
0.00
380.49
33625CCP2
1209
101
1STSEC
248,000.00
248,000.00
248,000.00
2.000
2.000
380.49
0.00
0.00
380.49
710571 DS6
1210
101
PEOPLE
248,000.00
248,000.00
248,000.00
2.000
2.000
380.49
0.00
0.00
380.49
3133EKWV4
1212
101
FFCB
500,000.00
499,500.00
499,500.00
1.850
2.012
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
382.03
0.00
0.00
382.03
938828BH2
1215
101
WSHFED
248,000.00
248,000.00
248,000.00
2.000
2.000
380.49
0.00
0.00
380.49
33766LAJ7
1216
101
1STIER
249,000.00
249,000.00
249,000.00
1.950
1.950
372.47
0.00
0.00
372.47
912828T26
1217
101
USTR
500,000.00
499,300.00
499,300.00
1.375
1.381
528.85
0.00
0.00
528.85
75472RAD3
1218
101
RAYJAM
244,000.00
244,000.00
244,000.00
1.950
1.950
364.99
0.00
0.00
364.99
15118RRH2
1220
101
CELTIC
248,000.00
248,000.00
248,000.00
1.850
1.850
351.96
0.00
0.00
351.96
334342CD2
1221
101
1STNBS
249,000.00
249,000.00
249,000.00
1.850
1.850
353.38
0.00
0.00
353.38
336460CX6
1222
101
1STDQN
248,000.00
248,000.00
248,000.00
1.800
1.800
342.44
0.00
0.00
342.44
3133EKZK5
1223
101
FFCB
500,000.00
499,400.00
499,400.00
1.600
1.740
666.67
0.00
0.00
666.67
3133EKP75
1224
101
FFCB
500,000.00
498,750.00
498,750.00
1.600
1.742
666.66
0.00
0.00
666.66
06652CHB0
1227
101
BNKWST
248,000.00
248,000.00
248,000.00
1.700
1.700
323.42
0.00
0.00
323.42
059731851
1228
101
BOTW
11,781,216.97
12,601,997.25
11,781,216.97
0.01
0.00
0.00
0.01
SYS1230
1230
101
PARS
10,158,931.53
10,413,344.84
10,158,931.53
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
323.42
0.00
0.00
323.42
3133EK4X1
1234
101
FFCB
1,000,000.00
996,900.00
996,900.00
1.600
1.743
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
323.42
0.00
0.00
323.42
61760A3133
1236
101
MSPRIV
245,000.00
245,000.00
245,000.00
1.900
1.900
357.10
0.00
0.00
357.10
61690UNX4
1237
101
MORGST
245,000.00
245,000.00
245,000.00
1.950
1.950
366.50
0.00
0.00
366.50
538036GV0
1238
101
LIVEOK
248,000.00
248,000.00
248,000.00
1.800
1.800
342.44
0.00
0.00
342.44
912828YV6
1241
101
USTR
1,000,000.00
989,687.50
989,687.50
1.500
1.520
1,153.85
0.00
0.00
1,153.85
3133ELEA8
1242
101
FFCB
1,000,000.00
998,600.00
998,600.00
1.700
1.849
1,416.66
0.00
0.00
1,416.66
Run Date: 05/05/2023 - 11:36
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings Page 3
February 1, 2023 - February 28, 2023
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
3133ELNEO
1246
101
FFCB
1,000,000.00
999,000.00
999,000.00
1.430
1.555
1,191.67
0.00
0.00
1,191.67
35637RDC8
1248
101
FRDMFI
248,000.00
248,000.00
248,000.00
1.550
1.550
294.88
0.00
0.00
294.88
90983WBT7
1249
101
UNTDCM
248,000.00
248,000.00
248,000.00
1.650
1.650
313.91
0.00
0.00
313.91
32114VBT3
1250
101
1STNMI
248,000.00
248,000.00
248,000.00
1.650
1.650
313.91
0.00
0.00
313.91
77579ADF0
1251
101
RLLSTN
245,000.00
245,000.00
245,000.00
1.650
1.650
310.11
0.00
0.00
310.11
17286TAGO
1252
101
CITADL
248,000.00
248,000.00
248,000.00
1.650
1.650
313.91
0.00
0.00
313.91
81768PAF3
1254
101
SERVIS
0.00
248,000.00
0.00
1.600
1.600
228.30
0.00
0.00
228.30
029728BC5
1255
101
AMERST
248,000.00
248,000.00
248,000.00
1.600
1.600
304.40
0.00
0.00
304.40
00435J131-15
1256
101
ACCSS
248,000.00
248,000.00
248,000.00
1.600
1.600
304.40
0.00
0.00
304.40
849430BF9
1257
101
SPRING
248,000.00
248,000.00
248,000.00
1.500
1.500
285.37
0.00
0.00
285.37
05465DAE8
1258
101
AXOS
248,000.00
248,000.00
248,000.00
1.650
1.650
313.91
0.00
0.00
313.91
882213AB7
1260
101
TEXAS
245,000.00
245,000.00
245,000.00
1.100
1.100
206.74
0.00
0.00
206.74
89579NCD3
1262
101
TRIAD
248,000.00
248,000.00
248,000.00
1.350
1.350
256.84
0.00
0.00
256.84
66704MEQ0
1263
101
NRTHSR
248,000.00
248,000.00
248,000.00
1.150
1.150
218.78
0.00
0.00
218.78
954444BS3
1265
101
WESTMI
248,000.00
248,000.00
248,000.00
1.150
1.150
218.78
0.00
0.00
218.78
654062JZ2
1266
101
NCOLET
248,000.00
248,000.00
248,000.00
1.400
1.400
266.35
0.00
0.00
266.35
020080BX4
1267
101
ALMABK
248,000.00
248,000.00
248,000.00
1.400
1.400
266.35
0.00
0.00
266.35
2027506M2
1268
101
CMWBUS
248,000.00
248,000.00
248,000.00
1.250
1.250
237.81
0.00
0.00
237.81
69506YRH4
1269
101
PACWST
245,000.00
245,000.00
245,000.00
1.300
1.300
244.33
0.00
0.00
244.33
08016PDQ9
1270
101
BELB&T
248,000.00
248,000.00
248,000.00
1.250
1.250
237.81
0.00
0.00
237.81
14042TDD6
1271
101
CAPONE
245,000.00
245,000.00
245,000.00
1.600
1.600
300.71
0.00
0.00
300.71
472382AQ3
1272
101
THEJEF
248,000.00
248,000.00
248,000.00
1.250
1.250
237.81
0.00
0.00
237.81
32027BALl
1273
101
1STFDM
249,000.00
249,000.00
249,000.00
1.200
1.200
229.22
0.00
0.00
229.22
32112UDR9
1274
101
1STMCG
248,000.00
248,000.00
248,000.00
1.350
1.350
256.83
0.00
0.00
256.83
33847E3A3
1276
101
FLGSTR
248,000.00
248,000.00
248,000.00
1.250
1.250
237.81
0.00
0.00
237.81
95960NKD8
1277
101
WSTRNS
245,000.00
245,000.00
245,000.00
1.000
1.000
187.94
0.00
0.00
187.94
32056GDJ6
1278
101
1STINT
248,000.00
248,000.00
248,000.00
1.000
1.000
190.25
0.00
0.00
190.25
3134GVYG7
1279
101
FHLMC
1,000,000.00
1,000,000.00
1,000,000.00
0.625
0.679
520.83
0.00
0.00
520.83
3133ELH23
1280
101
FFCB
500,000.00
499,850.00
499,850.00
0.500
0.543
208.33
0.00
0.00
208.33
3130AJKW8
1281
101
FHLB
500,000.00
499,850.00
499,850.00
0.500
0.543
208.34
0.00
0.00
208.34
3133ELH80
1282
101
FFCB
500,000.00
500,000.00
500,000.00
0.680
0.739
283.33
0.00
0.00
283.33
3130AJRP6
1283
101
FHLB
300,000.00
300,000.00
300,000.00
0.680
0.739
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
114.15
0.00
0.00
114.15
02616AAH2
1285
101
AMR1ST
248,000.00
248,000.00
248,000.00
0.350
0.350
66.59
0.00
0.00
66.59
84223QAN7
1286
101
STHRNB
248,000.00
248,000.00
248,000.00
0.500
0.500
95.12
0.00
0.00
95.12
064520BG3
1287
101
BKPRNC
248,000.00
248,000.00
248,000.00
0.500
0.500
95.12
0.00
0.00
95.12
3135G05S8
1288
101
FNMA
500,000.00
500,000.00
500,000.00
0.500
0.543
208.34
0.00
0.00
208.34
Run Date: 05/05/2023 - 11:36
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings Page 4
February 1, 2023 - February 28, 2023
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
3136G4N74
1289
101
FNMA
1,000,000.00
1,000,000.00
1,000,000.00
0.560
0.608
466.67
0.00
0.00
466.67
3136G4M75
1290
101
FNMA
500,000.00
499,750.00
499,750.00
0.520
0.565
216.67
0.00
0.00
216.67
3135G06E8
1291
101
FNMA
500,000.00
499,250.00
499,250.00
0.420
0.457
175.00
0.00
0.00
175.00
3135GA2Z3
1292
101
FNMA
500,000.00
499,250.00
499,250.00
0.560
0.609
233.33
0.00
0.00
233.33
SYS1293
1293
101
BNY
7,227,166.87
7,890,054.47
7,227,166.87
0.00
0.00
0.00
0.00
3137EAEU9
1297
101
FHLMC
1,000,000.00
997,300.00
997,300.00
0.375
0.408
312.50
0.00
0.00
312.50
3130AKFA9
1298
101
FHLB
500,000.00
497,400.00
497,400.00
0.375
0.409
156.25
0.00
0.00
156.25
3135GA7D7
1299
101
FNMA
500,000.00
500,000.00
500,000.00
0.600
0.652
250.00
0.00
0.00
250.00
3135GAAW1
1300
101
FNMA
500,000.00
500,000.00
500,000.00
0.400
0.435
166.67
0.00
0.00
166.67
3134GXGZ1
1301
101
FHLMC
500,000.00
500,000.00
500,000.00
0.550
0.597
229.16
0.00
0.00
229.16
3130AKMZ6
1302
101
FHLB
500,000.00
500,000.00
500,000.00
0.510
0.554
212.50
0.00
0.00
212.50
91282CBC4
1303
101
USTR
500,000.00
498,632.81
498,632.81
0.375
0.379
145.02
0.00
0.00
145.02
3130AKN28
1304
101
FHLB
500,000.00
500,000.00
500,000.00
0.550
0.597
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
95.12
0.00
0.00
95.12
87270LDL4
1306
101
EVRBA
245,000.00
245,000.00
245,000.00
0.500
0.500
93.98
0.00
0.00
93.98
3137EAEX3
1307
101
FHLMC
500,000.00
495,999.50
495,999.50
0.375
0.411
156.25
0.00
0.00
156.25
45950VPS9
1308
101
IFC
500,000.00
497,300.00
497,300.00
0.500
0.500
190.56
0.00
0.00
190.56
91282CBH3
1309
101
USTR
500,000.00
495,100.00
495,100.00
0.375
0.382
145.03
0.00
0.00
145.03
3137EAEX3
1310
101
FHLMC
1,000,000.00
983,940.00
983,940.00
0.375
0.414
312.50
0.00
0.00
312.50
91282CAT8
1311
101
USTR
1,000,000.00
977,500.00
977,500.00
0.250
0.258
193.37
0.00
0.00
193.37
3130ALV92
1312
101
FHLB
500,000.00
500,000.00
500,000.00
1.050
1.141
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
181.46
0.00
0.00
181.46
89235MKY6
1314
101
TOYFSB
245,000.00
245,000.00
245,000.00
0.900
0.900
169.15
0.00
0.00
169.15
91282CAZ4
1315
101
USTR
500,000.00
492,187.50
492,187.50
0.375
0.382
144.23
0.00
0.00
144.23
14622LAA0
1316
101
CARTER
248,000.00
248,000.00
248,000.00
0.750
0.750
142.69
0.00
0.00
142.69
31617CAV5
1317
101
FIDHMS
248,000.00
248,000.00
248,000.00
0.700
0.700
133.17
0.00
0.00
133.17
SYS1318
1318
101
DPME
720,787.03
703,148.65
720,787.03
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
193.25
0.00
0.00
193.25
91282CBT7
1320
101
USTR
500,000.00
499,525.00
499,525.00
0.750
0.753
288.46
0.00
0.00
288.46
91282CCF6
1321
101
USTR
1,000,000.00
997,060.00
997,060.00
0.750
0.754
576.92
0.00
0.00
576.92
91282CBT7
1322
101
USTR
500,000.00
498,450.00
498,450.00
0.750
0.754
288.46
0.00
0.00
288.46
91282CCF6
1323
101
USTR
500,000.00
497,095.00
497,095.00
0.750
0.756
288.46
0.00
0.00
288.46
3130AMFS6
1324
101
FHLB
1,000,000.00
993,420.00
993,420.00
0.750
0.820
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
152.81
0.00
0.00
152.81
38149MXK4
1326
101
GLDMAN
248,000.00
248,000.00
248,000.00
1.000
1.000
190.24
0.00
0.00
190.24
795451AF0
1327
101
SALMAE
248,000.00
248,000.00
248,000.00
1.000
1.000
190.24
0.00
0.00
190.24
89388CEYO
1328
101
TABBK
248,000.00
248,000.00
248,000.00
0.400
0.400
76.10
0.00
0.00
76.10
Run Date: 05/05/2023 - 11:36
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings Page 5
February 1, 2023 - February 28, 2023
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
06417NZQ9
1329
101
BKOZK
248,000.00
248,000.00
248,000.00
0.400
0.400
76.09
0.00
0.00
76.09
3133EM2C5
1330
101
FFCB
500,000.00
498,000.00
498,000.00
0.710
0.774
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
133.71
0.00
0.00
133.71
87165ET98
1332
101
SYNCHR
245,000.00
245,000.00
245,000.00
0.900
0.900
169.15
0.00
0.00
169.15
05580AD50
1333
101
BMW
245,000.00
245,000.00
245,000.00
0.650
0.650
122.16
0.00
0.00
122.16
20786ADL6
1334
101
CONNEC
248,000.00
248,000.00
248,000.00
0.800
0.800
152.19
0.00
0.00
152.19
91282CCP4
1335
101
USTR
1,000,000.00
983,750.00
983,750.00
0.625
0.641
483.42
0.00
0.00
483.42
91282CCW9
1336
101
USTR
1,000,000.00
988,500.00
988,500.00
0.750
0.765
579.77
0.00
0.00
579.77
3130APBM6
1337
101
FHLB
1,000,000.00
999,000.00
999,000.00
1.000
1.087
833.33
0.00
0.00
833.33
3133EM4X7
1338
101
FFCB
1,000,000.00
991,080.00
991,080.00
0.800
0.877
666.67
0.00
0.00
666.67
3130APB46
1339
101
FHLB
1,000,000.00
998,250.00
998,250.00
0.950
1.034
791.67
0.00
0.00
791.67
3133EMX64
1340
101
FFCB
500,000.00
499,002.04
499,002.04
0.170
0.185
70.84
0.00
0.00
70.84
91282CCN9
1341
101
USTR
500,000.00
497,792.97
497,792.97
0.125
0.127
48.34
0.00
0.00
48.34
91282CBEO
1342
101
USTR
1,000,000.00
991,000.00
991,000.00
0.125
0.127
96.69
0.00
0.00
96.69
91282CDB4
1343
101
USTR
1,000,000.00
996,320.00
996,320.00
0.625
0.629
480.77
0.00
0.00
480.77
3133ENCQ1
1344
101
FFCB
1,000,000.00
1,000,000.00
1,000,000.00
1.270
1.380
1,058.34
0.00
0.00
1,058.34
59013KPNO
1345
101
MRRCK
249,000.00
249,000.00
249,000.00
1.100
1.100
210.12
0.00
0.00
210.12
14042RQB0
1346
101
CAP1NA
248,000.00
248,000.00
248,000.00
1.100
1.100
209.27
0.00
0.00
209.27
3130APTV7
1347
101
FHLB
500,000.00
499,500.00
499,500.00
0.700
0.761
291.67
0.00
0.00
291.67
91282CBU4
1349
101
USTR
1,000,000.00
996,718.75
996,718.75
0.125
0.126
96.16
0.00
0.00
96.16
91282CCD1
1350
101
USTR
1,000,000.00
995,468.75
995,468.75
0.125
0.126
96.15
0.00
0.00
96.15
91282CBA8
1351
101
USTR
1,000,000.00
990,000.00
990,000.00
0.125
0.127
96.15
0.00
0.00
96.15
91282CBR1
1352
101
USTR
1,000,000.00
989,800.00
989,800.00
0.250
0.255
193.37
0.00
0.00
193.37
3130AP21-18
1353
101
FHLB
1,000,000.00
987,100.00
987,100.00
0.550
0.605
458.33
0.00
0.00
458.33
3135G06G3
1354
101
FNMA
1,000,000.00
976,300.00
976,300.00
0.500
0.556
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
1.054
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
190.25
0.00
0.00
190.25
20825WAR1
1357
101
CNNXS
249,000.00
249,000.00
249,000.00
1.250
1.250
238.77
0.00
0.00
238.77
3130AQF65
1358
101
FHLB
1,000,000.00
999,750.00
999,750.00
1.250
1.358
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
0.894
333.34
0.00
0.00
333.34
91282CBV2
1360
101
USTR
500,000.00
494,882.81
494,882.81
0.375
0.380
144.23
0.00
0.00
144.23
3137EAEU9
1361
101
FHLMC
500,000.00
487,090.00
487,090.00
0.375
0.418
156.25
0.00
0.00
156.25
3134GW5R3
1362
101
FHLMC
400,000.00
391,360.00
391,360.00
0.650
0.722
216.67
0.00
0.00
216.67
307811 DF3
1363
101
FARMER
249,000.00
249,000.00
249,000.00
0.900
0.900
171.91
0.00
0.00
171.91
3130AQJR5
1364
101
FHLB
1,000,000.00
1,000,000.00
1,000,000.00
1.500
1.629
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
0.696
260.41
0.00
0.00
260.41
3134GWUQ7
1366
101
FHLMC
1,000,000.00
945,570.00
945,570.00
0.700
0.804
583.33
0.00
0.00
583.33
Run Date: 05/05/2023 - 11:36
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings Page 6
February 1, 2023 - February 28, 2023
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
3130AQSA2
1367
101
FHLB
1,000,000.00
1,000,000.00
1,000,000.00
1.830
1.988
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
300.71
0.00
0.00
300.71
912828Z78
1369
101
USTR
1,000,000.00
986,700.00
986,700.00
1.500
1.533
1,160.22
0.00
0.00
1,160.22
07371AYE7
1370
101
BEALTX
245,000.00
245,000.00
245,000.00
1.900
1.900
357.10
0.00
0.00
357.10
073710E88
1371
101
BEALUS
245,000.00
245,000.00
245,000.00
1.900
1.900
357.10
0.00
0.00
357.10
02357QAQO
1372
101
AMRNT
245,000.00
245,000.00
245,000.00
1.600
1.600
300.72
0.00
0.00
300.72
59161YAP1
1373
101
METRO
249,000.00
249,000.00
249,000.00
1.700
1.700
324.72
0.00
0.00
324.72
3130AQWY5
1374
101
FHLB
1,000,000.00
1,000,000.00
1,000,000.00
1.700
1.847
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
375.89
0.00
0.00
375.89
64034KAZ4
1376
101
NELNET
245,000.00
245,000.00
245,000.00
1.800
1.800
338.30
0.00
0.00
338.30
24773RCR4
1377
101
DELTA
245,000.00
245,000.00
245,000.00
2.000
2.000
375.89
0.00
0.00
375.89
91139LAB2
1378
101
URSVLT
248,000.00
248,000.00
248,000.00
1.900
1.900
361.47
0.00
0.00
361.47
565819AG4
1379
101
MRTHON
248,000.00
248,000.00
248,000.00
1.800
1.800
342.44
0.00
0.00
342.44
91282CCW9
1380
101
USTR
500,000.00
466,454.17
466,454.17
0.750
0.810
289.89
0.00
0.00
289.89
91282CDG3
1381
101
USTR
500,000.00
473,396.82
473,396.82
1.125
1.198
435.08
0.00
0.00
435.08
91282CBQ3
1382
101
USTR
750,000.00
698,025.00
698,025.00
0.500
0.541
289.89
0.00
0.00
289.89
912828654
1383
101
USTR
1,000,000.00
999,010.00
999,010.00
2.375
2.397
1,837.02
0.00
0.00
1,837.02
50625LAW3
1384
101
LFYTT
248,000.00
248,000.00
248,000.00
2.050
2.050
390.00
0.00
0.00
390.00
3130ARGJ4
1385
101
FHLB
500,000.00
500,000.00
500,000.00
2.500
2.716
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
504.16
0.00
0.00
504.16
3130ARGY1
1387
101
FHLB
1,000,000.00
1,000,000.00
1,000,000.00
2.700
2.933
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
479.26
0.00
0.00
479.26
52168UHY1
1389
101
LEADR
245,000.00
245,000.00
245,000.00
2.550
2.550
479.26
0.00
0.00
479.26
9128283D0
1390
101
USTR
1,000,000.00
985,190.00
985,190.00
2.250
2.303
1,740.33
0.00
0.00
1,740.33
91282CEF4
1391
101
USTR
1,000,000.00
976,860.00
976,860.00
2.500
2.566
1,923.08
0.00
0.00
1,923.08
254673E69
1392
101
DISCOV
245,000.00
245,000.00
245,000.00
3.100
3.100
582.63
0.00
0.00
582.63
48115LAD6
1396
101
JOVIA
248,000.00
248,000.00
248,000.00
2.500
2.500
475.63
0.00
0.00
475.63
912828X88
1397
101
USTR
1,000,000.00
969,687.50
969,687.50
2.375
2.470
1,837.02
0.00
0.00
1,837.02
91282CEN7
1398
101
USTR
500,000.00
495,000.00
495,000.00
2.750
2.801
1,063.53
0.00
0.00
1,063.53
91282CET4
1399
101
USTR
500,000.00
491,842.18
491,842.18
2.625
2.676
1,009.62
0.00
0.00
1,009.62
91282821.13
1400
101
USTR
500,000.00
490,850.00
490,850.00
1.875
1.925
724.72
0.00
0.00
724.72
3133ENYH7
1401
101
FFCB
500,000.00
499,080.00
499,080.00
2.625
2.857
1,093.75
0.00
0.00
1,093.75
3130ASDV8
1409
101
FHLB
300,000.00
300,000.00
300,000.00
3.300
3.585
825.00
0.00
0.00
825.00
89269FDP7
1415
101
TRADCP
246,000.00
246,000.00
246,000.00
3.000
3.000
566.14
0.00
0.00
566.14
91282CFB2
1417
101
USTR
1,000,000.00
989,460.00
989,460.00
2.750
2.802
2,127.07
0.00
0.00
2,127.07
912828XT2
1418
101
USTR
1,000,000.00
985,240.00
985,240.00
2.000
2.036
1,538.46
0.00
0.00
1,538.46
397417AQ9
1419
101
GRNWDS
248,000.00
248,000.00
248,000.00
3.050
3.050
580.25
0.00
0.00
580.25
Run Date: 05/05/2023 - 11:36
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings Page 7
February 1, 2023 - February 28, 2023
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
88413QDN5
1420
101
3RD
245,000.00
245,000.00
245,000.00
3.300
3.300
620.22
0.00
0.00
620.22
02589ADH2
1421
101
AMEXNB
245,000.00
245,000.00
245,000.00
3.450
3.450
648.41
0.00
0.00
648.41
91282CFB2
1422
101
USTR
1,000,000.00
979,645.67
979,645.67
2.750
2.830
2,127.07
0.00
0.00
2,127.07
912796YB9
1423
101
USTR
3,000,000.00
2,951,409.30
2,951,409.30
3.221
0.00
0.00
0.00
0.00
912796YB9
1424
101
USTR
2,000,000.00
1,967,621.12
1,967,621.12
3.220
0.00
0.00
0.00
0.00
732329BD8
1425
101
PONCE
248,000.00
248,000.00
248,000.00
3.500
3.500
665.86
0.00
0.00
665.86
3133ENL99
1426
101
FFCB
1,000,000.00
997,492.55
997,492.55
3.375
3.676
2,812.50
0.00
0.00
2,812.50
052392BT3
1427
101
AUSTEL
248,000.00
248,000.00
248,000.00
3.800
3.800
722.94
0.00
0.00
722.94
914242AAO
1429
101
UNIVCU
248,000.00
248,000.00
248,000.00
4.000
4.000
760.99
0.00
0.00
760.99
22258JAB7
1430
101
CNTYSC
248,000.00
248,000.00
248,000.00
4.400
4.400
837.08
0.00
0.00
837.08
912828Q29
1431
101
USTR
2,000,000.00
1,977,200.00
1,977,200.00
1.500
1.521
2,307.69
0.00
0.00
2,307.69
91282CBNO
1432
101
USTR
0.00
2,956,788.66
0.00
0.125
19.884
279.70
0.00
43,211.34
43,491.04
3133ENQ29
1433
101
FFCB
1,000,000.00
996,400.00
996,400.00
4.000
4.361
3,333.33
0.00
0.00
3,333.33
84229LBA9
1434
101
STHBNK
244,000.00
244,000.00
244,000.00
4.250
4.250
795.51
0.00
0.00
795.51
34520LATO
1435
101
FORBRT
248,000.00
248,000.00
248,000.00
4.600
4.600
875.13
0.00
0.00
875.13
912796YV5
1436
101
USTR
5,000,000.00
4,893,349.12
4,893,349.12
4.363
0.00
0.00
0.00
0.00
912796YV5
1437
101
USTR
2,000,000.00
1,958,436.61
1,958,436.61
4.375
0.00
0.00
0.00
0.00
25460FDW3
1438
101
DIRFCU
248,000.00
248,000.00
248,000.00
4.800
4.800
913.18
0.00
0.00
913.18
9128282RO
1439
101
USTR
1,000,000.00
927,110.00
927,110.00
2.250
2.427
1,726.15
0.00
0.00
1,726.15
3133EN31-11
1441
101
FFCB
1,000,000.00
998,650.00
998,650.00
4.000
4.351
3,333.33
0.00
0.00
3,333.33
914098DJ4
1442
101
UNIVBK
249,000.00
249,000.00
249,000.00
4.200
4.200
802.26
0.00
0.00
802.26
912828R69
1443
101
USTR
4,000,000.00
3,944,075.80
3,944,075.80
1.625
1.653
5,000.00
0.00
0.00
5,000.00
91282CBNO
1444
101
USTR
0.00
1,980,078.13
0.00
0.125
13.728
186.46
0.00
19,921.87
20,108.33
91282CBU4
1445
101
USTR
3,000,000.00
2,958,984.38
2,958,984.38
0.125
0.127
288.46
0.00
0.00
288.46
3133EN3S7
1446
101
FFCB
1,000,000.00
998,000.00
998,000.00
3.750
4.082
3,125.00
0.00
0.00
3,125.00
25844MAK4
1447
101
DORTCU
247,000.00
247,000.00
247,000.00
4.500
4.500
852.65
0.00
0.00
852.65
01664MAB2
1448
101
ALL IN
248,000.00
248,000.00
248,000.00
4.400
4.400
837.09
0.00
0.00
837.09
51828MAC8
1449
101
LATCOM
248,000.00
248,000.00
248,000.00
4.500
4.500
856.12
0.00
0.00
856.12
45157PAZ3
1450
101
IDEAL
248,000.00
248,000.00
248,000.00
4.500
4.500
856.11
0.00
0.00
856.11
01882MAC6
1451
101
ALIANT
247,000.00
247,000.00
247,000.00
5.000
5.000
947.39
0.00
0.00
947.39
91282CCK5
1452
101
USTR
2,000,000.00
1,956,875.00
1,956,875.00
0.125
0.129
193.37
0.00
0.00
193.37
912796ZR3
1453
101
USTR
3,000,000.00
2,932,950.00
2,932,950.00
4.572
0.00
0.00
0.00
0.00
80865MAB3
1454
101
SCIENT
248,000.00
248,000.00
248,000.00
4.650
4.650
884.65
0.00
0.00
884.65
78472EABO
1455
101
SPCOCU
249,000.00
249,000.00
249,000.00
4.350
4.350
830.91
0.00
0.00
830.91
91282CFH9
1456
101
USTR
500,000.00
489,175.00
489,175.00
3.125
3.219
1,207.86
0.00
0.00
1,207.86
300185LM5
1457
101
EVRGRN
248,000.00
248,000.00
248,000.00
3.850
3.850
732.45
0.00
0.00
732.45
82671DAB3
1458
101
SIGFCU
248,000.00
248,000.00
248,000.00
4.400
4.400
837.08
0.00
0.00
837.08
Run Date: 05/05/2023 - 11:36
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings
Page 8
February 1, 2023 - February
28, 2023
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
79772FAG1 1459
101
SF FCU
248,000.00
0.00
248,000.00
4.350
4.350
738.90
0.00
0.00
738.90
91282CGH8 1460
101
USTR
1,000,000.00
0.00
996,369.14
3.500
3.542
2,610.50
0.00
0.00
2,610.50
9128284X5 1462
101
USTR
1,000,000.00
0.00
988,900.00
2.750
2.802
1,670.03
0.00
0.00
1,670.03
912796Y37 1463
101
USTR
2,000,000.00
0.00
1,954,412.92
4.636
0.00
0.00
0.00
0.00
3133EPAV7 1464
101
FFCB
1,000,000.00
0.00
995,400.00
3.875
4.511
1,722.22
0.00
0.00
1,722.22
91282CEW7 1465
101
USTR
1,000,000.00
0.00
967,220.00
3.250
3.388
1,256.91
0.00
0.00
1,256.91
530520AH8 1466
101
LBRTY1
248,000.00
0.00
248,000.00
4.500
4.500
214.03
0.00
0.00
214.03
09582YAF9 1467
101
BLURDG
244,000.00
0.00
244,000.00
4.200
4.200
28.08
0.00
0.00
28.08
Subtotal
224,882,555.52
224,459,532.56
223,602,727.93
2.299
324,736.60
0.00
77,883.21
402,619.81
Fund: Fiscal Agent
SYS1058 1058
231
USBANK
1,745,474.46
4,644.86
1,745,474.46
4.058
14.46
0.00
0.00
14.46
Subtotal
1,745,474.46
4,644.86
1,745,474.46
4.058
14.46
0.00
0.00
14.46
Fund: Housing Authority :
WSA and LQ
SYS1062 1062
241
LQPR
223,316.98
417,959.41
223,316.98
0.00
0.00
0.00
0.00
Subtotal
223,316.98
417,959.41
223,316.98
0.00
0.00
0.00
0.00
Fund: SA Low/Mod Bond Fund
25-33-005 1113
249
LAIF
2,036,215.89
2,036,215.89
2,036,215.89
2.624
2.735
4,272.58
0.00
0.00
4,272.58
Subtotal
2,036,215.89
2,036,215.89
2,036,215.89
2.735
4,272.58
0.00
0.00
4,272.58
Total 228,887,562.85 226,918,352.72 227,607,735.26 2.299 329,023.64
Run Date: 05/05/2023 - 11:36
0.00 77,883.21 406,906.85
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
a
— GEM e& DESERT —
City of La Quinta
Portfolio Management
Portfolio Summary
March 31, 2023
City of La Quinta
Par
Market
Book
% of
Days to
YTM
Investments
Value
Value
Value
Portfolio
Term
Maturity
365 Equiv.
Bank Accounts
17,581,634.81
17,581,634.81
17,581,634.81
8.09
1
1
0.000
Local Agency Investment Fund -City
18,937,383.16
18,517,467.82
18,937,383.16
8.72
1
1
2.831
Local Agency Invstmnt Fund -Housing
2,036,215.89
2,010,335.04
2,036,215.89
0.94
1
1
2.831
Money Market Accounts - CAMP
38,699,934.72
38,699,934.72
38,699,934.72
17.81
1
1
4.800
Federal Agency Coupon Securities
41,250,000.00
38,637,942.00
41,030,749.09
18.88
1,664
1,003
1.525
Treasury Coupon Securities
36,750,000.00
35,095,495.00
36,123,303.62
16.63
1,222
828
2.389
Treasury Discount Notes
20,000,000.00
19,777,570.00
19,568,442.31
9.01
168
88
4.876
Certificate of Deposits
35,343,000.00
34,197,086.32
35,342,377.50
16.27
1,672
843
2.406
Corporate Notes
900,000.00
847,153.00
875,660.00
0.40
1,797
659
1.738
Money Market with Fiscal Agent
1,555.26
1,555.26
1,555.26
0.00
1
1
0.000
C E RBT - O P E B Trust
1, 828, 332.91
1, 828, 332.91
1, 828, 332.91
0.84
1
1
0.000
PARS Pension Trust
5,256,621.81
5,256,621.81
5,256,621.81
2.42
1
1
0.000
218,584,678.56 212,451,128.69 217,282,211.08 100.00% 812 475 2.651
Investments
Total Earnings March 31 Month Ending Fiscal Year To Date
Current Year 519,701.83 2,949,470.03
Average Daily Balance 224,391,173.76 217,454,088.36
Effective Rate of Return 2.73% 1.81%
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 by our financial institutions to determine the fair market value of investments at month end.
Digitally signed by Claudia
Martinez
Date: 2023.05.05 11:39:52
-07'00'
Claudia Martinez, Finance Director/City Treasurer
Reporting period 03/01/2023-03/31/2023
Run Date: 05/05/2023 - 11:18
Portfolio CITY
CID
PM (PRF_PM1) 7.3.0
Report Ver. 7.3.6.1
City of La Quinta
Portfolio Management
Portfolio Details - Investments
March 31, 2023
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
8,914,873.21
8,914,873.21
8,914,873.21
1 1
0.000
059731851
1228
Bank of the West
08/20/2019
7,709,850.66
7,709,850.66
7,709,850.66
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
744,415.70
744,415.70
744,415.70
1 1
0.000
SYS1062
1062
La Quinta Palms Realty
07/01/2016
209,195.24
209,195.24
209,195.24
1 1
0.000
Subtotal and Average 17,717,168.70
17,581,634.81
17,581,634.81
17,581,634.81
1 1
0.000
Local Agency Investment Fund -City
98-33-434
1055
Local Agency Inv Fund
18,937,383.16
18,517,467.82
18,937,383.16
2.831
1
1
2.831
Subtotal and Average
18,937,383.16
18,937,383.16
18,517,467.82
18,937,383.16
1
1
2.831
Local Agency Invstmnt Fund -Housing
25-33-005
1113
Local Agency Inv Fund
2,036,215.89
2,010,335.04
2,036,215.89
2.831
1
1
2.831
Subtotal and Average
2,036,215.89
2,036,215.89
2,010,335.04
2,036,215.89
1
1
2.831
Money Market Accounts - CAMP
SYS1153
1153
California Asset Management Pr
09/26/2018
38,699,934.72
38,699,934.72
38,699,934.72
4.800
1
1
4.800
Subtotal and Average
38,547,952.26
38,699,934.72
38,699,934.72
38,699,934.72
1
1
4.800
Federal Agency
Coupon Securities
3133EMX64
1340
Federal Farm Credit Bank
10/22/2021
500,000.00
498,485.00
499,002.04
0.170
553
27
0.302 04/28/2023
3133EKZK5
1223
Federal Farm Credit Bank
09/12/2019
500,000.00
494,145.00
499,400.00
1.600
1,432
135
1.632 08/14/2023
3133EJYL7
1158
Federal Farm Credit Bank
10/15/2018
250,000.00
247,810.00
247,275.00
2.800
1,786
157
3.041 09/05/2023
3133EK4X1
1234
Federal Farm Credit Bank
11/01/2019
1,000,000.00
982,150.00
996,900.00
1.600
1,461
214
1.680 11/01/2023
3130AFW94
1177
Federal Home Loan Bank
03/01/2019
500,000.00
490,275.00
498,550.00
2.500
1,810
318
2.563 02/13/2024
3133ELNEO
1246
Federal Farm Credit Bank
02/14/2020
1,000,000.00
972,040.00
999,000.00
1.430
1,461
319
1.456 02/14/2024
3133ENYH7
1401
Federal Farm Credit Bank
06/10/2022
500,000.00
488,805.00
499,080.00
2.625
731
436
2.720 06/10/2024
3135GOV75
1206
Federal National Mtg Assn
07/15/2019
500,000.00
482,245.00
495,950.00
1.750
1,814
458
1.922 07/02/2024
3133EKWV4
1212
Federal Farm Credit Bank
08/02/2019
500,000.00
481,275.00
499,500.00
1.850
1,820
482
1.871 07/26/2024
3133EKP75
1224
Federal Farm Credit Bank
09/17/2019
500,000.00
480,580.00
498,750.00
1.600
1,827
535
1.652 09/17/2024
3133ELEA8
1242
Federal Farm Credit Bank
12/17/2019
1,000,000.00
962,520.00
998,600.00
1.700
1,736
535
1.731 09/17/2024
3135GO6E8
1291
Federal National Mtg Assn
11/18/2020
500,000.00
468,805.00
499,250.00
0.420
1,461
597
0.458 11/18/2024
3133ENGN4
1355
Federal Farm Credit Bank
12/09/2021
1,000,000.00
942,100.00
1,000,000.00
0.970
1,096
618
0.970 12/09/2024
3135GAAW1
1300
Federal National Mtg Assn
12/30/2020
500,000.00
467,250.00
500,000.00
0.400
1,461
639
0.400 12/30/2024
3130AP21.18
1353
Federal Home Loan Bank
12/07/2021
1,000,000.00
934,390.00
987,100.00
0.550
1,127
647
0.976 01/07/2025
313OAQWY5
1374
Federal Home Loan Bank
02/25/2022
1,000,000.00
951,260.00
1,000,000.00
1.700
1,095
695
1.700 02/24/2025
Portfolio CITY
CID
Run Date: 05/05/2023 -
11:18
PM (PRF_PM2) 7.3.0
Report Ver. 7.3.6.1
City of La Quinta
Portfolio Management
Portfolio Details - Investments
March 31, 2023
Page 2
CUSIP
Investment #
Average
Issuer Balance
Purchase
Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM
365
Maturity
Date
Federal Agency
Coupon Securities
3135G031.15
1365
Federal National Mtg Assn
01/28/2022
500,000.00
464,630.00
487,790.00
0.625
1,180
752
1.400
04/22/2025
3134GVYG7
1279
Federal Home Loan Mtg Corp
05/27/2020
1,000,000.00
927,480.00
1,000,000.00
0.625
1,826
787
0.625
05/27/2025
3133ELH23
1280
Federal Farm Credit Bank
06/09/2020
500,000.00
462,650.00
499,850.00
0.500
1,826
800
0.506
06/09/2025
3133ELH80
1282
Federal Farm Credit Bank
06/10/2020
500,000.00
461,480.00
500,000.00
0.680
1,826
801
0.680
06/10/2025
3130AJKW8
1281
Federal Home Loan Bank
06/03/2020
500,000.00
462,755.00
499,850.00
0.500
1,836
804
0.506
06/13/2025
3130AJRP6
1283
Federal Home Loan Bank
06/30/2020
300,000.00
276,132.00
300,000.00
0.680
1,826
821
0.680
06/30/2025
3137EAEU9
1297
Federal Home Loan Mtg Corp
12/07/2020
1,000,000.00
919,480.00
997,300.00
0.375
1,687
842
0.434
07/21/2025
3137EAEU9
1361
Federal Home Loan Mtg Corp
01/05/2022
500,000.00
459,740.00
487,090.00
0.375
1,293
842
1.120
07/21/2025
3135G05S8
1288
Federal National Mtg Assn
08/14/2020
500,000.00
459,490.00
500,000.00
0.500
1,826
866
0.500
08/14/2025
3136G4M75
1290
Federal National Mtg Assn
08/28/2020
500,000.00
459,960.00
499,750.00
0.520
1,816
870
0.530
08/18/2025
3136G4N74
1289
Federal National Mtg Assn
08/21/2020
1,000,000.00
919,830.00
1,000,000.00
0.560
1,826
873
0.560
08/21/2025
3137EAEX3
1307
Federal Home Loan Mtg Corp
02/23/2021
500,000.00
456,505.00
495,999.50
0.375
1,673
906
0.552
09/23/2025
3137EAEX3
1310
Federal Home Loan Mtg Corp
03/30/2021
1,000,000.00
913,010.00
983,940.00
0.375
1,638
906
0.740
09/23/2025
3130ARGJ4
1385
Federal Home Loan Bank
04/14/2022
500,000.00
480,920.00
500,000.00
2.500
1,279
927
2.500
10/14/2025
3134GW5R3
1362
Federal Home Loan Mtg Corp
01/05/2022
400,000.00
365,212.00
391,360.00
0.650
1,391
940
1.232
10/27/2025
3135G06G3
1354
Federal National Mtg Assn
12/07/2021
1,000,000.00
914,290.00
976,300.00
0.500
1,431
951
1.120
11/07/2025
3135GA2Z3
1292
Federal National Mtg Assn
11/17/2020
500,000.00
457,015.00
499,250.00
0.560
1,826
961
0.590
11/17/2025
3130AKFA9
1298
Federal Home Loan Bank
12/07/2020
500,000.00
454,155.00
497,400.00
0.375
1,831
986
0.480
12/12/2025
3135GA7D7
1299
Federal National Mtg Assn
12/23/2020
500,000.00
454,960.00
500,000.00
0.600
1,826
997
0.600
12/23/2025
3134GXGZ1
1301
Federal Home Loan Mtg Corp
12/30/2020
500,000.00
455,785.00
500,000.00
0.550
1,826
1,004
0.550
12/30/2025
3130AKMZ6
1302
Federal Home Loan Bank
01/14/2021
500,000.00
452,705.00
500,000.00
0.510
1,826
1,019
0.510
01/14/2026
313OAKN28
1304
Federal Home Loan Bank
01/29/2021
500,000.00
450,145.00
500,000.00
0.550
1,826
1,034
0.550
01/29/2026
3130ALV92
1312
Federal Home Loan Bank
03/30/2021
500,000.00
459,600.00
500,000.00
1.050
1,826
1,094
0.938
03/30/2026
3130AMFS6
1324
Federal Home Loan Bank
06/17/2021
1,000,000.00
905,480.00
993,420.00
0.750
1,821
1,168
0.885
06/12/2026
3133EM2C5
1330
Federal Farm Credit Bank
08/10/2021
500,000.00
447,600.00
498,000.00
0.710
1,826
1,227
0.792
08/10/2026
3133EM4X7
1338
Federal Farm Credit Bank
09/28/2021
1,000,000.00
898,200.00
991,080.00
0.800
1,808
1,258
0.985
09/10/2026
3130APBM6
1337
Federal Home Loan Bank
09/30/2021
1,000,000.00
900,410.00
999,000.00
1.000
1,826
1,278
1.021
09/30/2026
3130APB46
1339
Federal Home Loan Bank
10/13/2021
1,000,000.00
897,980.00
998,250.00
0.950
1,826
1,291
0.986
10/13/2026
3134GW6C5
1359
Federal Home Loan Mtg Corp
01/05/2022
500,000.00
446,080.00
486,000.00
0.800
1,757
1,306
1.403
10/28/2026
3133ENCQ1
1344
Federal Farm Credit Bank
11/02/2021
1,000,000.00
904,670.00
1,000,000.00
1.270
1,826
1,311
1.270
11/02/2026
3130APTV7
1347
Federal Home Loan Bank
11/24/2021
500,000.00
459,985.00
499,500.00
0.700
1,826
1,333
1.489
11/24/2026
313OAQF65
1358
Federal Home Loan Bank
12/22/2021
1,000,000.00
909,820.00
999,750.00
1.250
1,825
1,360
1.255
12/21/2026
3134GWUQ7
1366
Federal Home Loan Mtg Corp
02/10/2022
1,000,000.00
883,540.00
945,570.00
0.700
1,784
1,369
1.870
12/30/2026
3130AQJR5
1364
Federal Home Loan Bank
01/27/2022
1,000,000.00
911,270.00
1,000,000.00
1.500
1,826
1,397
1.500
01/27/2027
3130AQSA2
1367
Federal Home Loan Bank
02/10/2022
1,000,000.00
920,960.00
1,000,000.00
1.830
1,826
1,411
1.830
02/10/2027
3130ARGY1
1387
Federal Home Loan Bank
04/19/2022
1,000,000.00
950,250.00
1,000,000.00
2.700
1,826
1,479
2.700
04/19/2027
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:18 PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
March 31, 2023
Page 3
CUSIP
Investment #
Issuer
Average
Balance
Purchase
Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM Maturity
365 Date
Federal Agency Coupon Securities
3130ASDV8
1409
Federal Home Loan Bank
06/28/2022
300,000.00
289,383.00
300,000.00
3.300
1,826
1,549
3.300 06/28/2027
3133ENL99
1426
Federal Farm Credit Bank
09/15/2022
1,000,000.00
977,740.00
997,492.55
3.375
1,826
1,628
3.430 09/15/2027
3133ENQ29
1433
Federal Farm Credit Bank
09/30/2022
1,000,000.00
1,003,140.00
996,400.00
4.000
1,825
1,642
4.080 09/29/2027
3133EN31-11
1441
Federal Farm Credit Bank
11/29/2022
1,000,000.00
1,003,240.00
998,650.00
4.000
1,826
1,703
4.030 11/29/2027
3133EN3S7
1446
Federal Farm Credit Bank
12/07/2022
1,000,000.00
992,650.00
998,000.00
3.750
1,826
1,711
3.794 12/07/2027
3133EPAV7
1464
Federal Farm Credit Bank
02/15/2023
1,000,000.00
1,003,480.00
995,400.00
3.875
1,825
1,780
3.977 02/14/2028
Subtotal and Average
41,030,749.09
41,250,000.00
38,637,942.00
41,030,749.09
1,664
1,003
1.525
Treasury Coupon Securities
91282CCD1
1350
U.S. Treasury
12/07/2021
1,000,000.00
992,630.00
995,468.75
0.125
540
60
0.432 05/31/2023
91282BR69
1443
U.S. Treasury
12/02/2022
4,000,000.00
3,979,840.00
3,944,075.80
1.625
180
60
4.515 05/31/2023
91282CCK5
1452
U.S. Treasury
01/04/2023
2,000,000.00
1,978,240.00
1,956,875.00
0.125
177
90
4.635 06/30/2023
91282CCN9
1341
U.S. Treasury
10/22/2021
500,000.00
492,460.00
497,792.97
0.125
647
121
0.375 07/31/2023
9128284X5
1462
U.S. Treasury
02/07/2023
1,000,000.00
992,070.00
988,900.00
2.750
205
152
4.787 08/31/2023
912828T26
1217
U.S. Treasury
08/21/2019
500,000.00
491,895.00
499,300.00
1.375
1,501
182
1.410 09/30/2023
91282CBA8
1351
U.S. Treasury
12/07/2021
1,000,000.00
968,590.00
990,000.00
0.125
738
258
0.623 12/15/2023
91282CBEO
1342
U.S. Treasury
10/22/2021
1,000,000.00
964,770.00
991,000.00
0.125
815
289
0.531 01/15/2024
91282CBR1
1352
U.S. Treasury
12/07/2021
1,000,000.00
959,300.00
989,800.00
0.250
829
349
0.704 03/15/2024
91282CBV2
1360
U.S. Treasury
01/05/2022
500,000.00
478,595.00
494,882.81
0.375
831
380
0.830 04/15/2024
912828XT2
1418
U.S. Treasury
05/04/2022
1,000,000.00
971,720.00
985,240.00
2.000
758
426
2.736 05/31/2024
9128282U3
1400
U.S. Treasury
06/09/2022
500,000.00
482,850.00
490,850.00
1.875
814
518
2.727 08/31/2024
91282CDB4
1343
U.S. Treasury
10/22/2021
1,000,000.00
945,390.00
996,320.00
0.625
1,089
563
0.750 10/15/2024
9128283DO
1390
U.S. Treasury
05/03/2022
1,000,000.00
968,670.00
985,190.00
2.250
912
579
2.870 10/31/2024
912828YV6
1241
U.S. Treasury
12/16/2019
1,000,000.00
956,020.00
989,687.50
1.500
1,811
609
1.718 11/30/2024
91282CAT8
1311
U.S. Treasury
03/30/2021
1,000,000.00
911,090.00
977,500.00
0.250
1,676
944
0.750 10/31/2025
91282CAZ4
1315
U.S. Treasury
04/22/2021
500,000.00
455,740.00
492,187.50
0.375
1,683
974
0.720 11/30/2025
91282CBC4
1303
U.S. Treasury
01/07/2021
500,000.00
455,390.00
498,632.81
0.375
1,819
1,005
0.431 12/31/2025
91282CBH3
1309
U.S. Treasury
02/23/2021
500,000.00
453,555.00
495,100.00
0.375
1,803
1,036
0.577 01/31/2026
91282CBQ3
1319
U.S. Treasury
05/28/2021
500,000.00
454,100.00
494,165.00
0.500
1,737
1,064
0.750 02/28/2026
91282CBQ3
1382
U.S. Treasury
03/23/2022
750,000.00
681,150.00
698,025.00
0.500
1,438
1,064
2.353 02/28/2026
91282CBT7
1320
U.S. Treasury
05/28/2021
500,000.00
457,070.00
499,525.00
0.750
1,768
1,095
0.770 03/31/2026
91282CBT7
1322
U.S. Treasury
06/17/2021
500,000.00
457,070.00
498,450.00
0.750
1,748
1,095
0.816 03/31/2026
9128286S4
1383
U.S. Treasury
03/23/2022
1,000,000.00
958,360.00
999,010.00
2.375
1,499
1,125
2.400 04/30/2026
91282CCF6
1321
U.S. Treasury
06/01/2021
1,000,000.00
908,910.00
997,060.00
0.750
1,825
1,156
0.810 05/31/2026
91282CCF6
1323
U.S. Treasury
06/17/2021
500,000.00
454,455.00
497,095.00
0.750
1,809
1,156
0.870 05/31/2026
91282CCP4
1335
U.S. Treasury
09/29/2021
1,000,000.00
901,290.00
983,750.00
0.625
1,766
1,217
0.970 07/31/2026
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:18 PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
March 31, 2023
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
91282CCW9
1336
U.S. Treasury
09/29/2021
1,000,000.00
902,970.00
988,500.00
0.750
1,797
1,248
0.990
08/31/2026
91282CCW9
1380
U.S. Treasury
03/22/2022
500,000.00
451,485.00
466,454.17
0.750
1,623
1,248
2.350
08/31/2026
91282CDG3
1381
U.S. Treasury
03/22/2022
500,000.00
455,645.00
473,396.82
1.125
1,684
1,309
2.350
10/31/2026
912828Z78
1369
U.S. Treasury
02/10/2022
1,000,000.00
919,770.00
986,700.00
1.500
1,816
1,401
1.781
01/31/2027
91282CEF4
1391
U.S. Treasury
05/03/2022
1,000,000.00
954,220.00
976,860.00
2.500
1,793
1,460
3.010
03/31/2027
91282CEN7
1398
U.S. Treasury
06/08/2022
500,000.00
481,425.00
495,000.00
2.750
1,787
1,490
2.971
04/30/2027
912828X88
1397
U.S. Treasury
06/07/2022
1,000,000.00
948,870.00
969,687.50
2.375
1,803
1,505
3.041
05/15/2027
91282CET4
1399
U.S. Treasury
06/08/2022
500,000.00
478,925.00
491,842.18
2.625
1,818
1,521
2.980
05/31/2027
91282CEW7
1465
U.S. Treasury
02/15/2023
1,000,000.00
981,800.00
967,220.00
3.250
1,596
1,551
4.075
06/30/2027
91282CFB2
1417
U.S. Treasury
08/15/2022
1,000,000.00
962,070.00
989,460.00
2.750
1,811
1,582
2.980
07/31/2027
91282CFB2
1422
U.S. Treasury
08/29/2022
1,000,000.00
962,070.00
979,645.67
2.750
1,797
1,582
3.200
07/31/2027
9128282RO
1439
U.S. Treasury
11/18/2022
1,000,000.00
942,500.00
927,110.00
2.250
1,731
1,597
3.950
08/15/2027
91282CFH9
1456
U.S. Treasury
01/24/2023
500,000.00
488,615.00
489,175.00
3.125
1,680
1,613
3.640
08/31/2027
91282CGH8
1460
U.S. Treasury
02/02/2023
1,000,000.00
993,910.00
996,369.14
3.500
1,824
1,766
3.580
01/31/2028
Subtotal and Average
41,864,822.78
36,750,000.00
35,095,495.00
36,123,303.62
1,222
828
2.389
Treasury Discount
Notes
912796YV5
1436
U.S. Treasury
11/02/2022
5,000,000.00
4,984,750.00
4,893,349.12
4.363
176
26
4.583
04/27/2023
912796YV5
1437
U.S. Treasury
11/07/2022
2,000,000.00
1,993,900.00
1,958,436.61
4.375
171
26
4.593
04/27/2023
912796ZR3
1453
U.S. Treasury
01/04/2023
3,000,000.00
2,966,400.00
2,932,950.00
4.572
176
89
4.807
06/29/2023
912797FR3
1468
U.S. Treasury
03/07/2023
3,000,000.00
2,963,610.00
2,951,790.00
4.821
120
95
5.037
07/05/2023
912796Y37
1463
U.S. Treasury
02/07/2023
2,000,000.00
1,968,120.00
1,954,412.92
4.636
177
124
4.877
08/03/2023
912796Z51
1471
U.S. Treasury
03/09/2023
3,000,000.00
2,941,470.00
2,927,220.00
4.991
175
152
5.258
08/31/2023
912796YH6
1470
U.S. Treasury
03/09/2023
2,000,000.00
1,959,320.00
1,950,283.66
4.917
182
159
5.184
09/07/2023
Subtotal and Average
17,897,095.90
20,000,000.00
19,777,570.00
19,568,442.31
168
88
4.876
Certificate of Deposits
17312QJ26
1123
Citibank NA
04/11/2018
245,000.00
244,848.48
245,000.00
2.900
1,826
10
2.902
04/11/2023
20726ABA5
1189
Congressional Bank
04/30/2019
248,000.00
247,546.30
248,000.00
2.500
1,459
27
2.502
04/28/2023
29278TAY6
1125
EnerBank USA
04/30/2018
240,000.00
239,644.59
240,000.00
2.950
1,824
27
2.952
04/28/2023
32117BCX4
1179
First National Bank
03/05/2019
248,000.00
247,505.02
248,000.00
2.800
1,522
34
2.802
05/05/2023
725404AB3
1194
Pittsfield Cooperative Bank
06/07/2019
245,000.00
243,835.73
245,000.00
2.500
1,461
67
2.502
06/07/2023
619165JD6
1173
Morton Community
03/20/2019
248,000.00
246,753.36
248,000.00
2.750
1,553
80
2.753
06/20/2023
74934YAH4
1144
RCB Bank
06/20/2018
245,000.00
243,987.20
245,000.00
3.150
1,826
80
3.152
06/20/2023
02616AAH2
1285
American First CU
06/26/2020
248,000.00
245,235.39
248,000.00
0.350
1,095
86
0.350
06/26/2023
02772JBD1
1205
American National Bank
07/19/2019
248,000.00
245,688.21
248,000.00
2.000
1,461
109
2.001
07/19/2023
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:18
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
March 31, 2023
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
32110YLK9
1147
First National Bank of America
07/20/2018
245,000.00
243,555.62
245,000.00
3.150
1,826
110
3.152 07/20/2023
06426KAN8
1151
Bank of New England
07/31/2018
249,000.00
247,439.00
249,000.00
3.250
1,826
121
3.252 07/31/2023
75472RAD3
1218
Raymond James Bank
08/23/2019
244,000.00
240,937.93
244,000.00
1.950
1,461
144
1.951 08/23/2023
89579NCD3
1262
Triad Bank
03/30/2020
248,000.00
243,319.32
248,000.00
1.350
1,278
181
1.352 09/29/2023
57116ARV2
1155
Cache Valley BK F/K/A Marlin
10/17/2018
248,000.00
245,505.12
248,000.00
3.300
1,826
199
3.302 10/17/2023
625925AR3
1160
Municipal Trust and Savings
10/17/2018
245,000.00
242,401.41
245,000.00
3.200
1,826
199
3.202 10/17/2023
90348JEJ5
1161
UBS Bank USA
10/17/2018
245,000.00
242,602.24
245,000.00
3.350
1,826
199
3.352 10/17/2023
474067AQ8
1154
Jefferson Financial CU
10/19/2018
245,000.00
242,592.46
245,000.00
3.350
1,826
201
3.352 10/19/2023
20143PDV9
1162
Commercial Bank
11/15/2018
248,000.00
245,304.23
248,000.00
3.400
1,826
228
3.402 11/15/2023
67054NAN3
1164
Numerica Credit Union
11/28/2018
248,000.00
245,399.79
248,000.00
3.550
1,826
241
3.552 11/28/2023
48115LAD6
1396
Jovia Financial Credit Union
06/07/2022
248,000.00
243,524.92
248,000.00
2.500
548
250
2.502 12/07/2023
635573AL2
1170
National Cooperative Bank, N.A
12/21/2018
245,000.00
241,926.04
245,000.00
3.400
1,826
264
3.402 12/21/2023
066851 WJ1
1172
Bar Harbor Bank and Trust
12/31/2018
248,000.00
244,705.18
248,000.00
3.350
1,824
272
3.352 12/29/2023
89269FDP7
1415
Tradition Capital
07/20/2022
246,000.00
241,771.48
246,000.00
3.000
551
296
3.008 01/22/2024
51210SQU4
1208
Lakeside Bank
07/30/2019
248,000.00
241,578.33
248,000.00
2.000
1,644
303
2.003 01/29/2024
77579ADF0
1251
Rollstone B&T
02/12/2020
245,000.00
237,576.20
245,000.00
1.650
1,461
317
1.651 02/12/2024
66736ABP3
1181
Northwest Bank
02/13/2019
248,000.00
243,187.77
248,000.00
2.950
1,826
318
2.951 02/13/2024
949763XY7
1174
Wells Fargo
02/27/2019
248,000.00
243,093.89
248,000.00
3.000
1,826
332
3.001 02/27/2024
50625LAW3
1384
Lafayette FCU
03/30/2022
248,000.00
240,222.52
248,000.00
2.050
729
362
2.053 03/28/2024
882213AB7
1260
Texas Bank Financial
03/31/2020
245,000.00
235,140.34
245,000.00
1.100
1,458
362
1.101 03/28/2024
472382AQ3
1272
The Jefferson Bank
04/15/2020
248,000.00
237,672.04
248,000.00
1.250
1,461
380
1.251 04/15/2024
08016PDQ9
1270
Belmont Bank and Trust
04/16/2020
248,000.00
237,645.69
248,000.00
1.250
1,461
381
1.251 04/16/2024
69506YRH4
1269
Pacific Western Bank
04/16/2020
245,000.00
234,997.72
245,000.00
1.300
1,461
381
1.301 04/16/2024
56065GAG3
1188
Main Street Bank
04/26/2019
248,000.00
240,917.24
248,000.00
2.600
1,827
391
2.603 04/26/2024
33640VDD7
1231
First Service Bank
11/15/2019
248,000.00
238,320.60
248,000.00
1.700
1,643
410
1.701 05/15/2024
48128HXU7
1185
JP Morgan Chase
05/16/2019
245,000.00
239,640.09
245,000.00
3.250
1,827
411
3.254 05/16/2024
46256YAZ2
1186
Iowa State Bank
05/23/2019
245,000.00
237,247.93
245,000.00
2.400
1,827
418
2.403 05/23/2024
538036GV0
1238
Live Oak Bank
11/27/2019
248,000.00
238,306.97
248,000.00
1.800
1,644
423
1.802 05/28/2024
156634AK3
1184
Century Next Bank
05/29/2019
248,000.00
240,268.09
248,000.00
2.500
1,827
424
2.503 05/29/2024
72651 LCL6
1195
Plains Commerce Bank
06/07/2019
245,000.00
237,610.56
245,000.00
2.550
1,827
433
2.553 06/07/2024
299547AQ2
1196
Liberty FCU F/K/A Evansville T
06/12/2019
248,000.00
240,531.68
248,000.00
2.600
1,827
438
2.603 06/12/2024
524661CB9
1197
Legacy Bank
06/19/2019
248,000.00
239,822.36
248,000.00
2.400
1,827
445
2.403 06/19/2024
176688CP2
1199
Citizens State Bank
06/21/2019
248,000.00
239,786.92
248,000.00
2.400
1,827
447
2.403 06/21/2024
20416TAQ5
1202
Communitywide FCU
06/28/2019
248,000.00
239,208.98
248,000.00
2.250
1,827
454
2.253 06/28/2024
761402BY1
1203
Revere Bank
06/28/2019
247,000.00
238,455.62
247,000.00
2.300
1,827
454
2.303 06/28/2024
00257TBD7
1207
Abacus Federal Savings
07/26/2019
248,000.00
237,962.30
248,000.00
1.950
1,827
482
1.952 07/26/2024
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:18 PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
March 31, 2023
Page 6
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
33625CCP2
1209
First Security Bank of WA
07/30/2019
248,000.00
238,044.10
248,000.00
2.000
1,827
486
2.002 07/30/2024
710571DS6
1210
People's Bank
07/31/2019
248,000.00
238,265.60
248,000.00
2.000
1,827
487
2.002 07/31/2024
740367HP5
1213
Preferred Bank
08/16/2019
249,000.00
238,916.18
249,000.00
2.000
1,827
503
2.002 08/16/2024
33766LAJ7
1216
FirsTier Bank
08/23/2019
249,000.00
238,610.99
249,000.00
1.950
1,827
510
1.952 08/23/2024
938828131-12
1215
Washington Federal
08/23/2019
248,000.00
237,822.27
248,000.00
2.000
1,827
510
2.002 08/23/2024
336460CX6
1222
First State Bk DeQueen
08/30/2019
248,000.00
237,001.09
248,000.00
1.800
1,827
517
1.802 08/30/2024
334342CD2
1221
First Natl Bk of Syracuse
08/30/2019
249,000.00
238,129.24
249,000.00
1.850
1,827
517
1.852 08/30/2024
15118RRH2
1220
Celtic Bank
08/30/2019
248,000.00
237,172.90
248,000.00
1.850
1,827
517
1.852 08/30/2024
05580AD50
1333
BMW Bank
09/10/2021
245,000.00
230,324.88
245,000.00
0.650
1,096
528
0.651 09/10/2024
06652CHB0
1227
BankWest Inc
09/27/2019
248,000.00
236,338.34
248,000.00
1.700
1,827
545
1.702 09/27/2024
84223QAN7
1286
Southern Bancorp Bk
06/26/2020
248,000.00
231,487.02
248,000.00
0.500
1,582
573
0.500 10/25/2024
804375131-4
1235
Sauk Valley B&T Co
11/07/2019
248,000.00
236,071.24
248,000.00
1.700
1,827
586
1.702 11/07/2024
61690UNX4
1237
Morgan Stanley Bank
11/20/2019
245,000.00
234,031.35
245,000.00
1.950
1,827
599
1.952 11/20/2024
61760A3B3
1236
Morgan Stanley Private Bk, NA
11/20/2019
245,000.00
233,837.50
245,000.00
1.900
1,827
599
1.902 11/20/2024
064520BG3
1287
Bank Princeton
06/30/2020
248,000.00
230,285.21
248,000.00
0.500
1,644
639
0.500 12/30/2024
80865MAB3
1454
Scient FCU
01/13/2023
248,000.00
248,128.44
248,000.00
4.650
731
653
4.656 01/13/2025
89388CEYO
1328
Transportation Alliance Bk TAB
07/23/2021
248,000.00
229,530.64
248,000.00
0.400
1,280
663
0.401 01/23/2025
06417NZQ9
1329
Bank OZK
07/29/2021
248,000.00
229,371.07
248,000.00
0.400
1,280
669
0.401 01/29/2025
90983WBT7
1249
United Community
02/07/2020
248,000.00
235,054.84
248,000.00
1.650
1,827
678
1.652 02/07/2025
32114VBT3
1250
First National Bank Michigan
02/14/2020
248,000.00
234,926.89
248,000.00
1.650
1,827
685
1.652 02/14/2025
35637RDC8
1248
Freedom Financial
02/14/2020
248,000.00
234,475.04
248,000.00
1.550
1,827
685
1.552 02/14/2025
029728BC5
1255
American State
02/21/2020
248,000.00
234,571.18
248,000.00
1.600
1,827
692
1.602 02/21/2025
17286TAGO
1252
Citadel FCU
02/27/2020
248,000.00
234,690.25
248,000.00
1.650
1,827
698
1.652 02/27/2025
00435JBH5
1256
Access Bank
03/13/2020
248,000.00
234,546.62
248,000.00
1.600
1,826
712
1.601 03/13/2025
49306SJ56
1475
Kay Bank, N.A.
03/15/2023
244,000.00
246,442.52
244,000.00
5.000
733
716
5.008 03/17/2025
909557KQ2
1477
United Bankers Bank
03/16/2023
248,000.00
250,513.44
248,000.00
5.000
732
716
4.823 03/17/2025
849430BF9
1257
Spring Bank
03/20/2020
248,000.00
233,946.76
248,000.00
1.500
1,826
719
1.501 03/20/2025
05465DAE8
1258
Axos Bank
03/26/2020
248,000.00
234,551.16
248,000.00
1.650
1,826
725
1.651 03/26/2025
020080BX4
1267
Alma Bank
03/30/2020
248,000.00
233,319.22
248,000.00
1.400
1,824
727
1.399 03/28/2025
2027506M2
1268
Commonwealth Business Bk
03/31/2020
248,000.00
232,894.10
248,000.00
1.250
1,826
730
1.251 03/31/2025
654062JZ2
1266
Nicolet Natl Bank
03/31/2020
248,000.00
233,615.49
248,000.00
1.400
1,826
730
1.401 03/31/2025
14042TDD6
1271
Capital One USA FDIC33954
04/08/2020
245,000.00
231,714.88
245,000.00
1.600
1,826
738
1.601 04/08/2025
02007GPX5
1388
Ally Bank Midvale
04/21/2022
245,000.00
236,082.34
245,000.00
2.550
1,096
751
2.550 04/21/2025
52168UHY1
1389
Leader Bank
04/22/2022
245,000.00
236,070.64
245,000.00
2.550
1,096
752
2.552 04/22/2025
32112UDR9
1274
First Natl Bk McGregor
04/28/2020
248,000.00
232,840.13
248,000.00
1.350
1,826
758
1.351 04/28/2025
32027BALl
1273
First Freedom Bank
04/29/2020
249,000.00
233,008.20
249,000.00
1.200
1,826
759
1.201 04/29/2025
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:18
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
March 31, 2023
Page 7
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
33847E3A3
1276
Flagstar
04/30/2020
248,000.00
232,429.33
248,000.00
1.250
1,826
760
1.251 04/30/2025
32056GDJ6
1278
list Internet Bank
05/11/2020
248,000.00
230,949.13
248,000.00
1.000
1,827
772
0.985 05/12/2025
95960NKD8
1277
Western State Bank
05/13/2020
245,000.00
228,268.95
245,000.00
1.000
1,826
773
1.001 05/13/2025
254673E69
1392
Discover Bank Greenwood DE CF
05/24/2022
245,000.00
238,601.09
245,000.00
3.100
1,099
787
3.103 05/27/2025
169894AS1
1284
Chippewa Valley Bk
06/24/2020
248,000.00
228,068.10
248,000.00
0.600
1,826
815
0.600 06/24/2025
307811DF3
1363
Farmers & Merch
01/14/2022
249,000.00
230,332.14
249,000.00
0.900
1,277
835
0.900 07/14/2025
70962LAF9
1331
Pentagon FCU
09/01/2021
249,000.00
228,456.93
249,000.00
0.700
1,462
885
0.687 09/02/2025
914242AAO
1429
University Credit Union
09/26/2022
248,000.00
246,598.95
248,000.00
4.000
1,096
909
3.891 09/26/2025
51507LCC6
1305
Landmark Community Bank
01/22/2021
248,000.00
223,904.52
248,000.00
0.500
1,826
1,027
0.500 01/22/2026
84229LBA9
1434
Southern Bank Sardis GA
10/28/2022
244,000.00
244,879.75
244,000.00
4.250
1,188
1,033
4.254 01/28/2026
87270LDL4
1306
TIAA FKA EverBank
02/12/2021
245,000.00
221,118.79
245,000.00
0.500
1,826
1,048
0.500 02/12/2026
64034KAZ4
1376
Nelnet Bank
03/02/2022
245,000.00
229,741.60
245,000.00
1.800
1,461
1,066
1.801 03/02/2026
59524LAA4
1474
Mid Carolina Credit Union
03/13/2023
248,000.00
253,585.05
248,000.00
4.850
1,096
1,077
4.855 03/13/2026
39573LBC1
1313
Greenstate FCU
04/16/2021
249,000.00
226,836.64
249,000.00
0.950
1,826
1,111
0.951 04/16/2026
89235MKY6
1314
Toyota Financial Savings Bank
04/22/2021
245,000.00
222,894.79
245,000.00
0.900
1,826
1,117
0.900 04/22/2026
14622LAAO
1316
Carter FCU
04/27/2021
248,000.00
224,269.05
248,000.00
0.750
1,826
1,122
0.750 04/27/2026
31617CAV5
1317
Fidelity Homestead
04/30/2021
248,000.00
223,845.82
248,000.00
0.700
1,826
1,125
0.711 04/30/2026
501798RP9
1356
LCA Bank Corp
12/27/2021
248,000.00
225,412.01
248,000.00
1.000
1,642
1,182
1.000 06/26/2026
92559TAJ7
1325
Vibrant Credit Union
07/02/2021
249,000.00
224,549.10
248,377.50
0.800
1,824
1,186
0.852 06/30/2026
300185LM5
1457
Evergreen Bank Group
01/27/2023
248,000.00
247,100.86
248,000.00
3.850
1,277
1,213
3.849 07/27/2026
38149MXK4
1326
Goldman Sachs
07/28/2021
248,000.00
224,974.60
248,000.00
1.000
1,826
1,214
1.001 07/28/2026
795451AFO
1327
Sallie Mae Bank Salt Lake City
07/28/2021
248,000.00
224,974.60
248,000.00
1.000
1,826
1,214
1.001 07/28/2026
87165ET98
1332
Synchrony Bank Retail
09/03/2021
245,000.00
221,091.64
245,000.00
0.900
1,826
1,251
0.900 09/03/2026
20786ADL6
1334
Connect One
09/24/2021
248,000.00
222,420.32
248,000.00
0.800
1,826
1,272
0.800 09/24/2026
59013KPNO
1345
Merrick Bank
11/09/2021
249,000.00
225,281.00
249,000.00
1.100
1,826
1,318
1.101 11/09/2026
14042RQBO
1346
Capital One Natl Assn FDIC4297
11/17/2021
248,000.00
224,412.26
248,000.00
1.100
1,826
1,326
1.101 11/17/2026
20825WAR1
1357
Connexus CU
12/23/2021
249,000.00
226,009.09
249,000.00
1.250
1,826
1,362
1.250 12/23/2026
89786MAF1
1368
True Sky FCU
02/04/2022
245,000.00
225,261.02
245,000.00
1.600
1,826
1,405
1.601 02/04/2027
02357QAQO
1372
Amerant Bank
02/14/2022
245,000.00
225,106.78
245,000.00
1.600
1,828
1,417
1.601 02/16/2027
07371AYE7
1370
Beal Bank TX
02/23/2022
245,000.00
227,757.80
245,000.00
1.900
1,820
1,418
1.901 02/17/2027
073710E88
1371
Beal Bank USA
02/23/2022
245,000.00
227,757.80
245,000.00
1.900
1,820
1,418
1.901 02/17/2027
59161YAP1
1373
Metro Credit Union
02/18/2022
249,000.00
229,524.89
249,000.00
1.700
1,826
1,419
1.701 02/18/2027
24773RCR4
1377
Delta Natl B&T
03/09/2022
245,000.00
228,562.06
245,000.00
2.000
1,814
1,426
2.001 02/25/2027
27004PCM3
1375
Eaglemark Savings
03/02/2022
245,000.00
228,664.67
245,000.00
2.000
1,826
1,431
2.001 03/02/2027
91139LAB2
1378
United Roosevelt Savings
03/11/2022
248,000.00
230,334.28
248,000.00
1.900
1,826
1,440
1.901 03/11/2027
064860MCO
1476
Bank of the Sierra
03/15/2023
244,000.00
250,993.24
244,000.00
4.600
1,461
1,444
4.604 03/15/2027
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:18
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
March 31, 2023
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
565819AG4
1379
Marathon Bnak
03/16/2022
248,000.00
229,355.47
248,000.00
1.800
1,826
1,445
1.801 03/16/2027
108622NJ6
1479
Bridgewater Bank
03/29/2023
248,000.00
257,557.39
248,000.00
4.850
1,461
1,458
4.767 03/29/2027
20033A3A2
1386
Comenity Capital Bank
04/14/2022
248,000.00
237,157.76
248,000.00
2.650
1,826
1,474
2.652 04/14/2027
397417AQ9
1419
Greenwoods State Bank
05/17/2022
248,000.00
240,863.86
248,000.00
3.050
1,826
1,507
3.052 05/17/2027
02589ADH2
1421
American Express, NB
08/29/2022
245,000.00
241,810.06
245,000.00
3.450
1,793
1,578
3.067 07/27/2027
88413QDN5
1420
Third Federal Savings and Loan
08/19/2022
245,000.00
240,388.42
245,000.00
3.300
1,826
1,601
3.302 08/19/2027
89789AAG2
1473
Truliant FCU
03/10/2023
248,000.00
257,741.98
248,000.00
4.700
1,645
1,623
4.707 09/10/2027
732329BD8
1425
Ponce Bank
09/15/2022
248,000.00
245,402.25
248,000.00
3.500
1,826
1,628
3.502 09/15/2027
052392BT3
1427
Austin Telco FCU
09/21/2022
248,000.00
248,495.79
248,000.00
3.800
1,826
1,634
3.770 09/21/2027
22258JAB7
1430
County Schools FCU
09/30/2022
248,000.00
254,734.72
248,000.00
4.400
1,826
1,643
4.325 09/30/2027
34520LATO
1435
Forbright Bank
11/02/2022
248,000.00
257,201.79
248,000.00
4.600
1,826
1,676
4.602 11/02/2027
25460FDW3
1438
Direct FCU
11/07/2022
248,000.00
259,356.30
248,000.00
4.800
1,827
1,682
4.735 11/08/2027
914098DJ4
1442
University Bank
11/30/2022
249,000.00
254,062.46
249,000.00
4.200
1,826
1,704
4.202 11/30/2027
25844MAK4
1447
Dort Financial CU
12/16/2022
247,000.00
255,387.17
247,000.00
4.500
1,826
1,720
4.503 12/16/2027
01664MAB2
1448
All In FCU
12/20/2022
248,000.00
255,379.12
248,000.00
4.400
1,826
1,724
4.402 12/20/2027
51828MAC8
1449
Latino Comm. CU
12/21/2022
248,000.00
256,470.48
248,000.00
4.500
1,826
1,725
4.503 12/21/2027
45157PAZ3
1450
Ideal CU
12/29/2022
248,000.00
256,506.79
248,000.00
4.500
1,826
1,733
4.502 12/29/2027
01882MAC6
1451
Alliant CU
12/30/2022
247,000.00
260,918.05
247,000.00
5.000
1,826
1,734
5.003 12/30/2027
78472EAB0
1455
SPCO Credit Union
01/20/2023
249,000.00
256,099.65
249,000.00
4.350
1,826
1,755
4.352 01/20/2028
82671DAB3
1458
Signature FCU
01/31/2023
248,000.00
255,780.81
248,000.00
4.400
1,826
1,766
4.402 01/31/2028
79772FAG1
1459
San Francisco FCU
02/03/2023
248,000.00
255,235.99
248,000.00
4.350
1,826
1,769
4.352 02/03/2028
530520AH8
1466
Liberty First CU
02/21/2023
248,000.00
256,992.64
248,000.00
4.500
1,827
1,788
4.504 02/22/2028
09582YAF9
1467
Blue Ridge Bank
02/28/2023
244,000.00
249,495.24
244,000.00
4.200
1,826
1,794
4.202 02/28/2028
011852AEO
1469
Alaska USA/Global FCU
03/08/2023
248,000.00
258,321.46
248,000.00
4.600
1,827
1,803
4.606 03/08/2028
92891CCZ3
1472
VystarCU
03/10/2023
248,000.00
257,764.71
248,000.00
4.550
1,827
1,805
4.555 03/10/2028
00833JAQ4
1478
Affinity Bank
03/17/2023
248,000.00
261,782.69
248,000.00
4.900
1,827
1,812
4.906 03/17/2028
Subtotal and Average 34,943,958.15
35,343,000.00
34,197,086.32
35,342,377.50
1,672
843
2.406
Corporate Notes
594918BQ6 1157 Microsoft Corporation 10/15/2018
400,000.00
395,968.00
378,360.00 2.000
1,758
129
3.222 08/08/2023
45950VPS9 1308 International Finance Corp. 02/26/2021
500,000.00
451,185.00
497,300.00 0.500
1,826
1,062
0.610 02/26/2026
Subtotal and Average 875,660.00
900,000.00
847,153.00
875,660.00
1,797
659
1.738
Money Market with Fiscal Agent
SYS1058 1058 US Bank 07/01/2016
1,555.26
1,555.26
1,555.26
1
1
0.000
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:18 PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management Page 9
Portfolio Details - Investments
March 31, 2023
Average Purchase Stated Days to YTM Maturity
CUSIP Investment # Issuer Balance Date Par Value Market Value Book Value
Rate Term Maturity 365 Date
Subtotal and Average 1,689,219.00 1,555.26 1,555.26 1,555.26 1 1 0.000
CERBT - OPEB Trust
SYS1114 1114 CalPERS CERBT Plan 07/01/2022 1,828,332.91 1,828,332.91 1,828,332.91 1 1 0.000
Subtotal and Average 1,753,382.14 1,828,332.91 1,828,332.91 1,828,332.91 1 1 0.000
PARS Pension Trust
SYS1230 1230 Pblc Agncy Rtrmnt Sery 5,256,621.81 5,256,621.81 5,256,621.81 1 1 0.000
Subtotal and Average 7,097,566.70 5,256,621.81 5,256,621.81 5,256,621.81 1 1 0.000
Total and Average 224,391,173.76
Run Date: 05/05/2023 - 11:18
218,584,678.56 212,451,128.69 217,282,211.08
812 475 2.651
Portfolio CITY
CID
PM (PRF_PM2) 7.3.0
t(V Q"It(V
City of La Quinta
Total Earnings
GEM a'r�&e DESERT - Sorted by Fund - Fund
March 1, 2023 - March 31, 2023
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
18,937,383.16
18,937,383.16
18,937,383.16
2.831
2.735
43,993.62
0.00
0.00
43,993.62
SYS1059
1059
101
CITYPC
3,300.00
3,300.00
3,300.00
0.00
0.00
0.00
0.00
SYS1114
1114
101
CALPRS
1,828,332.91
1,750,883.78
1,828,332.91
0.00
0.00
0.00
0.00
034577AH9
1119
101
ANECA
0.00
245,000.00
0.00
2.800
2.800
394.69
0.00
0.00
394.69
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
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
38,699,934.72
38,542,886.18
38,699,934.72
4.800
4.798
157,048.54
0.00
0.00
157,048.54
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
583.34
0.00
0.00
583.34
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
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
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
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
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
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
Run Date: 05/05/2023 - 11:38
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings Page 2
March 1, 2023 - March 31, 2023
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
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
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
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
729.16
0.00
0.00
729.16
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
938828131-12
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
412.39
0.00
0.00
412.39
912828T26
1217
101
USTR
500,000.00
499,300.00
499,300.00
1.375
1.380
585.40
0.00
0.00
585.40
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
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
666.66
0.00
0.00
666.66
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
7,709,850.66
11,781,216.97
7,709,850.66
0.00
0.00
0.00
0.00
SYS1230
1230
101
PARS
5,256,621.81
10,158,931.53
5,256,621.81
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
3133EK4X1
1234
101
FFCB
1,000,000.00
996,900.00
996,900.00
1.600
1.575
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
358.07
0.00
0.00
358.07
61760A3133
1236
101
MSPRIV
245,000.00
245,000.00
245,000.00
1.900
1.900
395.35
0.00
0.00
395.35
61690UNX4
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
912828YV6
1241
101
USTR
1,000,000.00
989,687.50
989,687.50
1.500
1.520
1,277.47
0.00
0.00
1,277.47
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
3133ELNEO
1246
101
FFCB
1,000,000.00
999,000.00
999,000.00
1.430
1.404
1,191.66
0.00
0.00
1,191.66
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
Run Date: 05/05/2023 - 11:35
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings Page 3
March 1, 2023 - March 31, 2023
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
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
1STNMI
248,000.00
248,000.00
248,000.00
1.650
1.650
347.54
0.00
0.00
347.54
77579ADF0
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
029728BC5
1255
101
AMERST
248,000.00
248,000.00
248,000.00
1.600
1.600
337.00
0.00
0.00
337.00
00435J131-15
1256
101
ACCSS
248,000.00
248,000.00
248,000.00
1.600
1.600
337.00
0.00
0.00
337.00
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
66704MEQ0
1263
101
NRTHSR
0.00
248,000.00
0.00
1.150
1.150
242.22
0.00
0.00
242.22
954444BS3
1265
101
WESTMI
0.00
248,000.00
0.00
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
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
253.77
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
263.29
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
520.84
0.00
0.00
520.84
3133ELH23
1280
101
FFCB
500,000.00
499,850.00
499,850.00
0.500
0.491
208.34
0.00
0.00
208.34
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
283.33
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
208.33
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
466.66
0.00
0.00
466.66
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
Run Date: 05/05/2023 - 11:38
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings Page 4
March 1, 2023 - March 31, 2023
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
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
8,914,873.21
7,227,166.87
8,914,873.21
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
229.17
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
0.379
160.57
0.00
0.00
160.57
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
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
160.56
0.00
0.00
160.56
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
0.258
214.08
0.00
0.00
214.08
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
187.28
0.00
0.00
187.28
91282CAZ4
1315
101
USTR
500,000.00
492,187.50
492,187.50
0.375
0.382
159.68
0.00
0.00
159.68
14622LAA0
1316
101
CARTER
248,000.00
248,000.00
248,000.00
0.750
0.750
157.96
0.00
0.00
157.96
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
744,415.70
720,787.03
744,415.70
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
0.753
319.32
0.00
0.00
319.32
91282CCF6
1321
101
USTR
1,000,000.00
997,060.00
997,060.00
0.750
0.754
638.74
0.00
0.00
638.74
91282CBT7
1322
101
USTR
500,000.00
498,450.00
498,450.00
0.750
0.754
319.32
0.00
0.00
319.32
91282CCF6
1323
101
USTR
500,000.00
497,095.00
497,095.00
0.750
0.756
319.37
0.00
0.00
319.37
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
210.64
0.00
0.00
210.64
795451AF0
1327
101
SALMAE
248,000.00
248,000.00
248,000.00
1.000
1.000
210.64
0.00
0.00
210.64
89388CEYO
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
84.26
0.00
0.00
84.26
3133EM2C5
1330
101
FFCB
500,000.00
498,000.00
498,000.00
0.710
0.699
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
148.04
0.00
0.00
148.04
Run Date: 05/05/2023 - 11:38
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings Page 5
March 1, 2023 - March 31, 2023
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
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
135.26
0.00
0.00
135.26
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
0.641
535.22
0.00
0.00
535.22
91282CCW9
1336
101
USTR
1,000,000.00
988,500.00
988,500.00
0.750
0.753
631.79
0.00
0.00
631.79
3130APBM6
1337
101
FHLB
1,000,000.00
999,000.00
999,000.00
1.000
0.982
833.34
0.00
0.00
833.34
3133EM4X7
1338
101
FFCB
1,000,000.00
991,080.00
991,080.00
0.800
0.792
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
791.66
0.00
0.00
791.66
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
53.52
0.00
0.00
53.52
91282CBEO
1342
101
USTR
1,000,000.00
991,000.00
991,000.00
0.125
0.127
107.04
0.00
0.00
107.04
91282CDB4
1343
101
USTR
1,000,000.00
996,320.00
996,320.00
0.625
0.629
532.28
0.00
0.00
532.28
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
59013KPNO
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
CAP1NA
248,000.00
248,000.00
248,000.00
1.100
1.100
231.70
0.00
0.00
231.70
3130APTV7
1347
101
FHLB
500,000.00
499,500.00
499,500.00
0.700
0.687
291.66
0.00
0.00
291.66
91282CBU4
1349
101
USTR
0.00
996,718.75
0.00
0.125
4.131
103.02
0.00
3,281.25
3,384.27
91282CCD1
1350
101
USTR
1,000,000.00
995,468.75
995,468.75
0.125
0.126
106.46
0.00
0.00
106.46
91282CBA8
1351
101
USTR
1,000,000.00
990,000.00
990,000.00
0.125
0.127
106.46
0.00
0.00
106.46
91282CBR1
1352
101
USTR
1,000,000.00
989,800.00
989,800.00
0.250
0.252
212.18
0.00
0.00
212.18
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
0.503
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
808.34
0.00
0.00
808.34
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
1,041.66
0.00
0.00
1,041.66
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
0.380
159.68
0.00
0.00
159.68
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
216.66
0.00
0.00
216.66
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
3135G03U5
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
583.33
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
1.533
1,284.53
0.00
0.00
1,284.53
Run Date: 05/05/2023 - 11:38
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings Page 6
March 1, 2023 - March 31, 2023
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
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
02357QAQO
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
1,416.66
0.00
0.00
1,416.66
27004PCM3
1375
101
EGLMRK
245,000.00
245,000.00
245,000.00
2.000
2.000
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
315.90
0.00
0.00
315.90
91282CDG3
1381
101
USTR
500,000.00
473,396.82
473,396.82
1.125
1.198
481.70
0.00
0.00
481.70
91282CBQ3
1382
101
USTR
750,000.00
698,025.00
698,025.00
0.500
0.533
315.90
0.00
0.00
315.90
912828654
1383
101
USTR
1,000,000.00
999,010.00
999,010.00
2.375
2.397
2,033.84
0.00
0.00
2,033.84
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
9128283D0
1390
101
USTR
1,000,000.00
985,190.00
985,190.00
2.250
2.303
1,926.79
0.00
0.00
1,926.79
91282CEF4
1391
101
USTR
1,000,000.00
976,860.00
976,860.00
2.500
2.566
2,128.75
0.00
0.00
2,128.75
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
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
2.470
2,033.84
0.00
0.00
2,033.84
91282CEN7
1398
101
USTR
500,000.00
495,000.00
495,000.00
2.750
2.801
1,177.49
0.00
0.00
1,177.49
91282CET4
1399
101
USTR
500,000.00
491,842.18
491,842.18
2.625
2.676
1,117.79
0.00
0.00
1,117.79
91282821.13
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
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
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
989,460.00
989,460.00
2.750
2.802
2,354.97
0.00
0.00
2,354.97
912828XT2
1418
101
USTR
1,000,000.00
985,240.00
985,240.00
2.000
2.036
1,703.30
0.00
0.00
1,703.30
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
88413QDN5
1420
101
3RD
245,000.00
245,000.00
245,000.00
3.300
3.300
686.67
0.00
0.00
686.67
02589ADH2
1421
101
AMEXNB
245,000.00
245,000.00
245,000.00
3.450
3.450
717.88
0.00
0.00
717.88
91282CF132
1422
101
USTR
1,000,000.00
979,645.67
979,645.67
2.750
2.830
2,354.97
0.00
0.00
2,354.97
Run Date: 05/05/2023 - 11:38
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings Page 7
March 1, 2023 - March 31, 2023
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
912796YB9
1423
101
USTR
0.00
2,951,409.30
0.00
3.221
600.920
0.00
0.00
48,590.70
48,590.70
912796YB9
1424
101
USTR
0.00
1,967,621.12
0.00
3.220
600.639
0.00
0.00
32,378.88
32,378.88
732329BD8
1425
101
PONCE
248,000.00
248,000.00
248,000.00
3.500
3.500
737.21
0.00
0.00
737.21
3133ENL99
1426
101
FFCB
1,000,000.00
997,492.55
997,492.55
3.375
3.320
2,812.50
0.00
0.00
2,812.50
052392BT3
1427
101
AUSTEL
248,000.00
248,000.00
248,000.00
3.800
3.800
800.39
0.00
0.00
800.39
914242AA0
1429
101
UNIVCU
248,000.00
248,000.00
248,000.00
4.000
4.000
842.52
0.00
0.00
842.52
22258JAB7
1430
101
CNTYSC
248,000.00
248,000.00
248,000.00
4.400
4.400
926.78
0.00
0.00
926.78
912828Q29
1431
101
USTR
0.00
1,977,200.00
0.00
1.500
15.551
2,472.53
0.00
22,800.00
25,272.53
3133ENQ29
1433
101
FFCB
1,000,000.00
996,400.00
996,400.00
4.000
3.939
3,333.33
0.00
0.00
3,333.33
84229LBA9
1434
101
STHBNK
244,000.00
244,000.00
244,000.00
4.250
4.250
880.73
0.00
0.00
880.73
34520LAT0
1435
101
FORBRT
248,000.00
248,000.00
248,000.00
4.600
4.600
968.90
0.00
0.00
968.90
912796YV5
1436
101
USTR
5,000,000.00
4,893,349.12
4,893,349.12
4.363
0.00
0.00
0.00
0.00
912796YV5
1437
101
USTR
2,000,000.00
1,958,436.61
1,958,436.61
4.375
0.00
0.00
0.00
0.00
25460FDW3
1438
101
DIRFCU
248,000.00
248,000.00
248,000.00
4.800
4.800
1,011.02
0.00
0.00
1,011.02
9128282R0
1439
101
USTR
1,000,000.00
927,110.00
927,110.00
2.250
2.447
1,926.79
0.00
0.00
1,926.79
3133EN31-11
1441
101
FFCB
1,000,000.00
998,650.00
998,650.00
4.000
3.930
3,333.34
0.00
0.00
3,333.34
914098DJ4
1442
101
UNIVBK
249,000.00
249,000.00
249,000.00
4.200
4.200
888.21
0.00
0.00
888.21
912828R69
1443
101
USTR
4,000,000.00
3,944,075.80
3,944,075.80
1.625
1.653
5,535.71
0.00
0.00
5,535.71
91282CBU4
1445
101
USTR
0.00
2,958,984.38
0.00
0.125
16.992
309.07
0.00
41,015.62
41,324.69
3133EN3S7
1446
101
FFCB
1,000,000.00
998,000.00
998,000.00
3.750
3.687
3,125.00
0.00
0.00
3,125.00
25844MAK4
1447
101
DORTCU
247,000.00
247,000.00
247,000.00
4.500
4.500
944.02
0.00
0.00
944.02
01664MAB2
1448
101
ALL IN
248,000.00
248,000.00
248,000.00
4.400
4.400
926.76
0.00
0.00
926.76
51828MAC8
1449
101
LATCOM
248,000.00
248,000.00
248,000.00
4.500
4.500
947.83
0.00
0.00
947.83
45157PAZ3
1450
101
IDEAL
248,000.00
248,000.00
248,000.00
4.500
4.500
947.84
0.00
0.00
947.84
01882MAC6
1451
101
ALIANT
247,000.00
247,000.00
247,000.00
5.000
5.000
1,048.91
0.00
0.00
1,048.91
91282CCK5
1452
101
USTR
2,000,000.00
1,956,875.00
1,956,875.00
0.125
0.129
214.09
0.00
0.00
214.09
912796ZR3
1453
101
USTR
3,000,000.00
2,932,950.00
2,932,950.00
4.572
0.00
0.00
0.00
0.00
80865MAB3
1454
101
SCENT
248,000.00
248,000.00
248,000.00
4.650
4.650
979.43
0.00
0.00
979.43
78472EAB0
1455
101
SPCOCU
249,000.00
249,000.00
249,000.00
4.350
4.350
919.94
0.00
0.00
919.94
91282CFH9
1456
101
USTR
500,000.00
489,175.00
489,175.00
3.125
3.168
1,316.24
0.00
0.00
1,316.24
300185LM5
1457
101
EVRGRN
248,000.00
248,000.00
248,000.00
3.850
3.850
810.93
0.00
0.00
810.93
82671DAB3
1458
101
SIGFCU
248,000.00
248,000.00
248,000.00
4.400
4.400
926.77
0.00
0.00
926.77
79772FAG1
1459
101
SF FCU
248,000.00
248,000.00
248,000.00
4.350
4.350
916.24
0.00
0.00
916.24
91282CGH8
1460
101
USTR
1,000,000.00
996,369.14
996,369.14
3.500
3.542
2,997.23
0.00
0.00
2,997.23
9128284X5
1462
101
USTR
1,000,000.00
988,900.00
988,900.00
2.750
2.758
2,316.57
0.00
0.00
2,316.57
912796Y37
1463
101
USTR
2,000,000.00
1,954,412.92
1,954,412.92
4.636
0.00
0.00
0.00
0.00
3133EPAV7
1464
101
FFCB
1,000,000.00
995,400.00
995,400.00
3.875
3.820
3,229.17
0.00
0.00
3,229.17
Run Date: 05/05/2023 - 11:38
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings
Page 8
March
1, 2023 - March 31, 2023
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
91282CEW7
1465
101
USTR
1,000,000.00
967,220.00
967,220.00
3.250
3.388
2,783.15
0.00
0.00
2,783.15
530520AH8
1466
101
LBRTY1
248,000.00
248,000.00
248,000.00
4.500
4.500
947.83
0.00
0.00
947.83
09582YAF9
1467
101
BLURDG
244,000.00
244,000.00
244,000.00
4.200
4.200
870.37
0.00
0.00
870.37
912797FR3
1468
101
USTR
3,000,000.00
0.00
2,951,790.00
4.821
0.00
0.00
0.00
0.00
011852AEO
1469
101
ALASKA
248,000.00
0.00
248,000.00
4.600
4.600
718.86
0.00
0.00
718.86
912796YH6
1470
101
USTR
2,000,000.00
0.00
1,950,283.66
4.917
0.00
0.00
0.00
0.00
912796Z51
1471
101
USTR
3,000,000.00
0.00
2,927,220.00
4.991
0.00
0.00
0.00
0.00
92891CCZ3
1472
101
VYSTAR
248,000.00
0.00
248,000.00
4.550
4.550
649.22
0.00
0.00
649.22
89789AAG2
1473
101
TRUFCU
248,000.00
0.00
248,000.00
4.700
4.700
670.62
0.00
0.00
670.62
59524LAA4
1474
101
MIDCAR
248,000.00
0.00
248,000.00
4.850
4.850
593.16
0.00
0.00
593.16
49306SJ56
1475
101
KEYBNK
244,000.00
0.00
244,000.00
5.000
5.000
568.22
0.00
0.00
568.22
064860MCO
1476
101
BKSIER
244,000.00
0.00
244,000.00
4.600
4.600
522.76
0.00
0.00
522.76
909557KQ2
1477
101
UNBKRS
248,000.00
0.00
248,000.00
5.000
5.000
509.59
0.00
0.00
509.59
00833JAQ4
1478
101
AFFINITY
248,000.00
0.00
248,000.00
4.900
4.900
466.11
0.00
0.00
466.11
108622NJ6
1479
101
BRIDWA
248,000.00
0.00
248,000.00
4.850
4.850
65.91
0.00
0.00
65.91
Subtotal
216,337,712.17
223,602,727.93
215,035,244.69
2.678
365,387.08
0.00
148,066.45
513,453.53
Fund: Fiscal
Agent
SYS1058
1058
231
USBANK
1,555.26
1,745,474.46
1,555.26
1.024
1,517.95
0.00
0.00
1,517.95
Subtotal
1,555.26
1,745,474.46
1,555.26
1.024
1,517.95
0.00
0.00
1,517.95
Fund: Housing
Authority :
WSA and LQ
SYS1062
1062
241
LQPR
209,195.24
223,316.98
209,195.24
0.00
0.00
0.00
0.00
Subtotal
209,195.24
223,316.98
209,195.24
0.00
0.00
0.00
0.00
Fund: SA Low/Mod
Bond Fund
25-33-005
1113
249
LAIF
2,036,215.89
2,036,215.89
2,036,215.89
2.831
2.735
4,730.35
0.00
0.00
4,730.35
Subtotal
2,036,215.89
2,036,215.89
2,036,215.89
2.735
4,730.35
0.00
0.00
4,730.35
Total 218,584,678.56 227,607,735.26 217,282,211.08 2.663 371,635.38 0.00 148,066.45 519,701.83
Portfolio CITY
CID
Run Date: 05/05/2023 - 11:38 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
taQ��
GEM aj'the DESERT - -
City of La Quinta
Purchases Report
Sorted by Security Type - Fund
January 1, 2023 - March 31, 2023
City of La Quinta
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
3133EPAV7
1464
101
FAC FFCB
1,000,000.00 02/15/2023 08/14 - 02/14
995,400.00
Received
3.875
02/14/2028
3.977
995,400.00
Subtotal
1,000,000.00
995,400.00
0.00
995,400.00
Treasury Coupon Securities
91282CCK5
1452
101
TRC USTR
2,000,000.00 01/04/2023 06/30- Final Pmt.
1,956,875.00
Received
0.125
06/30/2023
4.635
1,956,875.00
91282CFH9
1456
101
TRC USTR
500,000.00 01/24/2023 02/28 - 08/31
489,175.00
Received
3.125
08/31/2027
3.640
489,175.00
91282CGH8
1460
101
TRC USTR
1,000,000.00 02/02/2023 07/31 - 01/31
996,369.14
Received
3.500
01/31/2028
3.580
996,369.14
9128284X5
1462
101
TRC USTR
1,000,000.00 02/07/2023 02/28 - 08/31
988,900.00
Received
2.750
08/31/2023
4.787
988,900.00
91282CEW7
1465
101
TRC USTR
1,000,000.00 02/15/2023 06/30- 12/31
967,220.00
Received
3.250
06/30/2027
4.075
967,220.00
Subtotal
5,500,000.00
5,398,539.14
0.00
5,398,539.14
Treasury Discount Notes
912796ZR3
1453
101
ATD USTR
3,000,000.00 01/04/2023 06/29 -At Maturity
2,932,950.00
4.572
06/29/2023
4.741
2,932,950.00
912796Y37
1463
101
ATD USTR
2,000,000.00 02/07/2023 08/03 - At Maturity
1,954,412.92
4.636
08/03/2023
4.810
1,954,412.92
912797FR3
1468
101
ATD USTR
3,000,000.00 03/07/2023 07/05 - At Maturity
2,951,790.00
4.821
07/05/2023
4.968
2,951,790.00
912796YH6
1470
101
ATD USTR
2,000,000.00 03/09/2023 09/07 - At Maturity
1,950,283.66
4.917
09/07/2023
5.113
1,950,283.66
912796Z51
1471
101
ATD USTR
3,000,000.00 03/09/2023 08/31 - At Maturity
2,927,220.00
4.991
08/31/2023
5.186
2,927,220.00
Subtotal
13,000,000.00
12,716,656.58
0.00
12,716,656.58
Certificate of Deposits
80865MAB3
1454
101
MC1 SCIENT
248,000.00 01/13/2023 02/01 - Monthly
248,000.00
4.650
01/13/2025
4.656
248,000.00
78472EABO
1455
101
MC1 SPCOCU
249,000.00 01/20/2023 02/20 - Monthly
249,000.00
4.350
01/20/2028
4.352
249,000.00
300185LM5
1457
101
MC1 EVRGRN
248,000.00 01/27/2023 02/27 - Monthly
248,000.00
3.850
07/27/2026
3.849
248,000.00
82671DAB3
1458
101
MC1 SIGFCU
248,000.00 01/31/2023 02/28- Monthly
248,000.00
4.400
01/31/2028
4.402
248,000.00
79772FAG1
1459
101
MC1 SF FCU
248,000.00 02/03/2023 03/03 - Monthly
248,000.00
4.350
02/03/2028
4.352
248,000.00
530520AH8
1466
101
MC1 LBRTY1
248,000.00 02/21/2023 03/01 - Monthly
248,000.00
4.500
02/22/2028
4.504
248,000.00
09582YAF9
1467
101
MC1 BLURDG
244,000.00 02/28/2023 08/28 - 02/28
244,000.00
4.200
02/28/2028
4.202
244,000.00
011852AEO
1469
101
MC1 ALASKA
248,000.00 03/08/2023 04/08 - Monthly
248,000.00
4.600
03/08/2028
4.606
248,000.00
89789AAG2
1473
101
MC1 TRUFCU
248,000.00 03/10/2023 04/10 - Monthly
248,000.00
4.700
09/10/2027
4.707
248,000.00
92891CCZ3
1472
101
MC1 VYSTAR
248,000.00 03/10/2023 04/01 - Monthly
248,000.00
4.550
03/10/2028
4.555
248,000.00
59524LAA4
1474
101
MC1 MIDCAR
248,000.00 03/13/2023 04/13 - Monthly
248,000.00
4.850
03/13/2026
4.855
248,000.00
064860MCO
1476
101
MC1 BKSIER
244,000.00 03/15/2023 09/15 - 03/15
244,000.00
4.600
03/15/2027
4.604
244,000.00
49306SJ56
1475
101
MC1 KEYBNK
244,000.00 03/15/2023 09/15 - 03/15
244,000.00
5.000
03/17/2025
5.008
244,000.00
Received = Accrued
Interest at Purchase was received by report ending date.
Portfolio CITY
CP
Run Date: 05/05/2023 - 11:40
PU (PRF_PU) 7.1.1
Report Ver. 7.3.6.1
City of La Quinta
Purchases Report
January 1, 2023 - March 31, 2023
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
Certificate of Deposits
909557KQ2 1477
101
MC1 UNBKRS
248,000.00 03/16/2023 04/16 - Monthly
248,000.00
5.000
03/17/2025
4.823
248,000.00
00833JAQ4 1478
101
MC1 AFFNTY
248,000.00 03/17/2023 04/17 - Monthly
248,000.00
4.900
03/17/2028
4.906
248,000.00
108622NJ6 1479
101
MC1 BRIDWA
248,000.00 03/29/2023 04/29 - Monthly
248,000.00
4.850
03/29/2027
4.767
248,000.00
Subtotal
3,957,000.00
3,957,000.00
0.00
3,957,000.00
Run Date: 05/05/2023 - 11:40
Total Purchases 23,457,000.00 23,067,595.72 0.00 23,067,595.72
Portfolio CITY
CP
PU (PRF_PU) 7.1.1
Report Ver. 7.3.6.1
4 QW Kt(V City of La Quinta
City of La Quinta
Maturity Report
GEM of+ber DESERT = — Sorted by Maturity Date
Amounts due during January 1, 2023 - March 31, 2023
Sec.
Maturity
Purchase
Rate
Book Value
Maturity
Net
CUSIP
Investment #
Fund
Type
Issuer
Par Value
Date
Date at
Maturity
at Maturity
Interest
Proceeds
Income
3133ENBT6
1348
101
FAC
FFCB
1,000,000.00
01/25/2023
12/07/2021
0.180
998,530.00
900.00
1,000,900.00
2,370.00
949495AT2
1244
101
MC1
WFNBW
248,000.00
01/30/2023
01/29/2020
1.900
248,000.00
12.91
248,012.91
12.91
9128283U2
1428
101
TRC
USTR
3,000,000.00
01/31/2023
09/30/2022
2.375
2,988,390.00
35,625.00
3,035,625.00
47,235.00
19416QEA4
1175
101
MC2
COLGTE
500,000.00
02/01/2023
03/04/2019
1.950
485,250.00
4,875.00
504,875.00
19,625.00
81768PAF3
1254
101
MC1
SERVIS
248,000.00
02/21/2023
02/21/2020
1.600
248,000.00
337.01
248,337.01
337.01
91282CBN0
1432
101
TRC
USTR
3,000,000.00
02/28/2023
09/30/2022
0.125
2,956,788.66
1,875.00
3,001,875.00
45,086.34
91282CBN0
1444
101
TRC
USTR
2,000,000.00
02/28/2023
12/02/2022
0.125
1,980,078.13
1,250.00
2,001,250.00
21,171.87
92535LCD4
1180
101
MC1
VERUS
248,000.00
02/28/2023
02/28/2019
2.700
248,000.00
568.70
248,568.70
568.70
912796YB9
1423
101
ATD
USTR
3,000,000.00
03/02/2023
09/02/2022
3.221
2,951,409.30
0.00
3,000,000.00
48,590.70
912796YB9
1424
101
ATD
USTR
2,000,000.00
03/02/2023
09/02/2022
3.220
1,967,621.12
0.00
2,000,000.00
32,378.88
034577AH9
1119
101
MC1
ANECA
245,000.00
03/22/2023
03/22/2018
2.800
245,000.00
3,401.81
248,401.81
3,401.81
66704MEQ0
1263
101
MC1
NRTHSR
248,000.00
03/31/2023
03/31/2020
1.150
248,000.00
242.22
248,242.22
242.22
91282CBU4
1349
101
TRC
USTR
1,000,000.00
03/31/2023
12/07/2021
0.125
996,718.75
625.00
1,000,625.00
3,906.25
912828Q29
1431
101
TRC
USTR
2,000,000.00
03/31/2023
09/30/2022
1.500
1,977,200.00
15,000.00
2,015,000.00
37,800.00
91282CBU4
1445
101
TRC
USTR
3,000,000.00
03/31/2023
12/02/2022
0.125
2,958,984.38
1,875.00
3,001,875.00
42,890.62
954444BS3
1265
101
MC1
WESTMI
248,000.00
03/31/2023
03/31/2020
1.150
248,000.00
242.22
248,242.22
242.22
Run Date: 05/05/2023 - 11:41
Total Maturities 21,985,000.00 21,745,970.34 66,829.87 22,051,829.87 305,859.53
Portfolio CITY
CID
MA (PRF_MA) 7.1.1
Report Ver. 7.3.6.1
US Treasury Rates
https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?tvpe=daily treasury yield curve&field tdr date value=2023
Effective Effective
Date
1 mo
2 mo
3 mo 6 mo
1 yr 2 yr 3 yr
5 yr 7 yr 10 yr
20 yr
30 yr
Rate of Rate of
Return City Return City
Portfolio Portfolio
(month) (YTD)
1 /31 /2023
4.58
4.64
4.7 4.74
4.8 4.68 4.21
3.9 3.63 3.59
3.52
3.78
1.87 1.6
2/28/2023
4.65
4.81
4.88 5
5.17 5.02 4.81
4.51 4.18 4.07
3.92
4.1
2.34 1.69
3/31/2023
4.74
4.79
4.85 4.97
4.94 4.64 4.06
3.81 3.6 3.55
3.48
3.81
2.73 1.81
TREASURY RATES AND PORTFOLIO RETURNS
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BUSINESS SESSION ITEM NO. 1
City of La Quinta
FINANCIAL ADVISORY COMMISSION MEETING: May 10, 2023
STAFF REPORT
AGENDA TITLE: APPROVE THE FISCAL YEAR 2023/24 MEETING DATES
RECOMMENDATION
Approve the fiscal year 2023/24 meeting dates.
EXECUTIVE SUMMARY
• Annually the Financial Advisory Commission (FAC) and staff discuss and select meeting dates
for the following fiscal year.
The FAC shall meet quarterly with the ability to schedule special meetings as needed
throughout the year.
FISCAL IMPACT
FAC members are eligible to receive $75 per member per meeting attended. The proposed 2023/24
budget will be $3,700 for four regularly scheduled quarterly meetings plus an allowance for three
special meetings per year for a seven -member Commission.
BACKGROUND/ANALYSIS
The FAC shall meet quarterly and may schedule additional special meetings as needed.
Meeting dates for the current fiscal year 2022/23 are as follows:
August 10, 2022 — Wednesday
October 5, 2022 — Wednesday, proposed special meeting
November 9, 2022 — Wednesday
December 14, 2022 — Wednesday proposed special meeting
February 8, 2023 — Wednesday
April 5, 2023 — Wednesday, proposed special meeting
May 10, 2023 — Wednesday
June 7, 2023 — Wednesday, proposed special meeting
Proposed Meeting dates for the next fiscal year 2023/24 are as follows:
August 9, 2023 — Wednesday
October 4, 2023 — Wednesday, proposed special meeting
November 8, 2023 — Wednesday
December 6, 2023 — Wednesday, proposed special meeting
February 7, 2024 — Wednesday
April 3, 2024 — Wednesday, proposed special meeting
May 8, 2024 — Wednesday
June 5, 2024 — Wednesday, proposed special meeting
ALTERNATIVES:
The FAC may amend the proposed meeting dates.
Prepared by: Claudia Martinez, Finance Director
BUSINESS SESSION ITEM NO. 2
City of La Quinta
FINANCIAL ADVISORY COMMISSION MEETING May 10, 2023
STAFF REPORT
AGENDA TITLE: APPROVE FISCAL YEAR 2023/24 INVESTMENT POLICY
RECOMMENDATION
Approve the Fiscal Year 2023/24 Investment Policy.
EXECUTIVE SUMMARY
• As part of their work plan, and as stated in Section XVIII of the City's Investment
Policy (Policy), The Financial Advisory Commission (FAC) is asked to review the
Policy annually.
• Recommended revisions are reviewed by the City Manager and City Attorney.
• By City Code, City Council must adopt the policy by the end of June of each year.
FISCAL IMPACT - None.
BACKGROUND
The City has been awarded the Investment Policy Certificate of Excellence from the
Association of Public Treasurers of the United States and Canada (APT US&C), and has
been certified by the California Municipal Treasurers Association (CMTA). In
addition, there were no new regulatory changes in FY 2022/23 that affected the
City's Policy. Therefore, staff recommends no significant changes to the current
Policy. The following minor edits, along with punctuation or format changes and
updates to the dates, are identified as red -lined in Attachment 1:
• Section IX Authorized Financial Dealers: In the last paragraph, added "or
deposit" so that the sentence reads "The City shall not invest or deposit in excess
of the FDIC insured amount in banking institutions which do not disclose to the
City a current listing of securities pledged for collateral ization in public monies."
• Edit to Appendix D-Approved Financial Institutions: Bank of the West was acquired
by BMO and banking accounts are expected to transition to the new name in the
Fall of 2023, therefore BMO Commercial Bank is being added to the list.
ALTERNATIVES
The Policy has been recognized by APT US&C and CMTA as being comprehensive
as written, and therefore no alternatives are recommended at this time.
Prepared by: Rosemary Hallick, Financial Services Analyst
Approved by: Claudia Martinez, Finance Director
Attachment: 1. Draft Investment Policy for Fiscal Year 2023/24 (red -lined)
ATTACHMENT
RESOLUTION NO. 2022 2023 - 022
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA
QUINTA, CALIFORNIA APPROVING AND ADOPTING FISCAL
YEAR 2022120232023/2024 INVESTMENT POLICY
WHEREAS, the general purpose of the Investment Policy is to provide the rules and
standards users must follow in investing funds of the City of La Quinta; and
WHEREAS, the primary objectives, in order of priority, of the City of La Quinta's investment
activity shall be:
Safety of principal is the foremost objective of the investment program. Investments of the
City of La Quinta shall be undertaken in a manner that seeks to ensure the preservation
of capital in the overall portfolio.
The investment portfolio shall remain sufficiently liquid to meet all operating requirements
that may be reasonably anticipated.
The investment portfolio shall be designed with the objective of attaining a market rate of
return or iy eld throughout budgetary and economic cycles, taking into account the
investment risk constraints and liquidity needs; and
WHEREAS, authority to manage the City of La Quinta's investment portfolio is derived
from the City's municipal code, management responsibility for the investment program is
delegated to the City Treasurer, who shall establish and implement written procedures for the
operation of the City's investment program consistent with the Investment Policy for each Fiscal
Year; and
WHEREAS, the Investment Policy will be adopted before the end of June of each year and
amended as considered necessary.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta as
follows:
SECTION 1. This Resolution supersedes all prior Investment Policy resolutions
adopted by the City Council.
Resolution No. 2022 0222023-
Investment Policy for Fiscal Year
''0''�232023/2024 Adopted: June
24-6, 20222023
Page 2 of 3
SECTION 2. The City Council hereby adopts the Fiscal Year 2022/2023
Investment Policy attached hereto as "Exhibit A" and incorporated herewith by this
reference.
SECTION 3. Severability - if any provisions of this Resolution or the application
thereof to any person or circumstance is held invalid, such invalidity shall not affect other
provisions or applications of this Resolution which can be given effect without the invalid
provision or application, and to this end the provisions of this Resolution are severable. The
City Council hereby declares that it would have adopted this Resolution irrespective of the
invalidity of any particular portion thereof.
SECTION 4. This Resolution shall become effective upon adoption. The
Investment Policy adopted by this Resolution shall go into effect July 1, 2022.
PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City
Council, held on this 24---`�t-6th day of June 20222023, by the following vote:
AYES: Councilmembers Fitzpatrick, Pena, Radii, Sanchez, and Mayor
Evans
NOES: None
ABSENT: None
ABSTAIN: None
Resolution No. 2022-0222023-
Investment Policy for Fiscal Year
20221202-32023-24 Adopted: June
2�6, 20222023
Page 3 of 3
APPROVED AS TO FORM:
INVESTMENT POLICY
Exhibit A
Fiscal Year 2020232023-
2024 Table of Contents
Section Topic
Page
Executive Summary
1
I
General Purpose
2
II
Investment Policy
2
III
Scope
2
IV
Objectives
3
V
Maximum Maturities
5
VI
Prudence
5
VII
Authority
5
VIII
Ethics and Conflicts of Interest
6
IX
Authorized Financial Dealers and Institutions
6
X
Permissible Deposits and Investments
7
XI
Investment Pools
10
XII
Payment and Custody
10
XIII
Interest Earning Distribution Policy
11
XIV
Internal Controls and Independent Auditors
11
XV
Reporting Standards
12
XVI
Review of Investment Portfolio
13
XVII
Financial Advisory Commission — City of La Quinta
13
XIII
Investment Policy Adoption
13
Appendices Topic
Page
A
Municipal Code Ordinance 2.70 — Financial Advisory Commission
14
B
Municipal Code Ordinance 3.08 — Investment of Moneys and Funds
16
C
Segregation of Major Investment Responsibilities
18
D
Listing of Approved Financial Institutions
19
E
Investment Management Process and Risk
20
F
Glossary
22
CITY OF LA QUINTA
Investment Policy Fiscal
Year 2022120232023/2024
EXECUTIVE SUMMARY
The general purpose of this Investment Policy is to provide the rules and standards that must be
followed in administering the City of La Quinta's (the "City") deposits and investments.
The City's Investment Policy conforms to all state and local statutes and applies to all deposits
and investments of the City, with the exception of bond proceeds and those noted in section III
herein.
It is the City's policy to deposit and invest public funds in a manner that shall provide safety of
principal, liquidity to meet the City's obligations and requirements that may be reasonably
anticipated, and a risk -based market rate of return.
Authority to manage the City's investment portfolio is derived from the City Municipal Code.
Management responsibility for the investment program is delegated to the City Treasurer, who shall
establish and implement written procedures for the operation of the City's investment program
consistent with the Investment Policy.
The City Manager, City Treasurer, and City employees involved in the City's banking and
investment process shall conduct the City's business in an ethical manner and refrain from any
activity or relationship that may be, or have the appearance of, a conflict of interest.
The Investment Policy shall be adopted by resolution of the La Quinta City Council on an annual
basis, before the end of each fiscal year (June).
Page 1 of 27
City of La Quinta
Statement of Investment Policy July 1, 2021 2023 through June 30, 2022 2024 Adopted
by the City Council on June 246, 20222023
I. GENERAL PURPOSE
The general purpose of this document is to provide the rules and standards that must be followed
in administering the City of La Quinta's deposits and investments.
II. INVESTMENT POLICY
It is the policy of the City of La Quinta to deposit and invest public funds in a manner that shall
conform to all State and local statutes governing the investment of public funds and set forth the
permissible deposits and investments of the City's funds and the limitations thereon.
III. SCOPE
Except noted below, this Investment Policy applies to all deposits and investments of the City of
La Quinta, the Successor Agency to the City of La Quinta Redevelopment Agency, and the City
of La Quinta Financing and Housing Authorities. These funds are reported in the City's Annual
Comprehensive Financial Report (ACFR) and include all funds within the following fund types:
➢ General
➢ Special Revenue
➢ Capital Projects
➢ Debt Service
➢ Enterprise
➢ Internal Service
➢ Trust and Agency
➢ Any new fund types and fund(s) that may be created.
Financial assets and investment activity not subject to this policy
The City's Investment Policy does not apply to the following:
➢ Cash and Investments raised from Conduit Debt Financing;
➢ Funds held in trust in the City's name in pension or other post -retirement benefit
programs;
➢ Cash and Investments held in lieu of retention by banks or other financial institutions for
construction projects;
➢ Short or long-term loans made to other entities by the City or Agency;
➢ Short term (Due to/from) or long term (Advances from/to) obligations made either
between the City and its funds or between the City and Agency; and
➢ Investment of bond proceeds. The City's Investment Policy shall not govern bond
proceeds and bond reserve fund investments. California Code Section
Page 2 of 27
5922(d) governs the investment of bond proceeds and reserve funds in accordance with
bond indenture provisions.
Arbitrage Requirement - The US Tax Reform Act of 1986 requires the City to perform arbitrage
calculations and return excess earnings to the US Treasury from investments of proceeds of
bond issues sold after the effective date of this law. These arbitrage calculations may be
contracted with an outside source toprovide the necessary technical assistance to comply with
this regulation. Investable funds subject to the 1986 Tax Reform Act will be kept segregated
from other fundsand records will be kept in a fashion to facilitate the calculations.
The City's investment position relative to the arbitrage restrictions is to continue pursuing the
maximum yield on applicable investments while ensuring the safety of capital and liquidity,
and to rebate excess earnings, if necessary.
IV. OBJECTIVES
The objectives of the City's investment activity, in order of priority and importance, are:
A. Safety of Principal
Safety of principal is the foremost objective of the City's investment program. Investments shall
be undertaken in a manner that seeks to ensure the preservation of principal of the overall portfolio
in accordance with the permissible deposits and investments.
The City shall endeavor to preserve its investment principal by making only permissible deposits
and investments, undertaken in a controlled manner to minimize the possibility of loss or
misappropriation through malfeasance or otherwise. Investments not backed by the full faith and
credit of the United States Government shall be diversified by allocating assets between different
types of permissible investments, maturities, and issuers as a means to mitigate credit risk and
interest rate risk. Investment in any single security type or single financial institution shall be limited
to the maximum percentages and/or dollar amounts as noted in Section X.
1. Credit Risk is the risk of loss from the failure of the security issuer or backer. Credit risk
may be mitigated by:
• Limiting investments to investment grade securities as permitted in Section X; and
• Diversification- reducing concentration risk by limiting the totalamount invested in
individual issuers of securities in the investment portfolio so that potential losses
due to issuer failure or securities downgrades may be minimized.
2. Interest Rate Risk is the risk that market values of securities in the portfolio will decline
due to changes in general interest rates. Interest rate risk may be mitigated by:
Page 3 of 27
• Structuring the investment portfolio so that securities mature to meet cash
requirements for ongoing operations, thereby avoiding the need to sell securities
on the open market prior to maturity; and
• Investing operating funds primarily in shorter -term securities.
3. Liquidity Risk is the risk that a security cannot be liquidated because of its unique
features or structure or because it is thinly traded. Liquidity risk is not a material issue for
the City's portfolio because of the permissible deposits and investments (see Section X). A
discussion of the City's investment process and risk is presented in Appendix E.
B. Provide Liquidity
The investment portfolio shall remain sufficiently liquid to meet all of the City's cash needs that
may be reasonably anticipated. This is accomplished by structuring the portfolio so that sufficient
liquid funds are available to meet anticipated demands. Furthermore, since all possible cash
needs cannot be anticipated the portfolioshould be diversified and consist of securities with active
secondary or resale markets.
The City's policy is to generally hold securities and other investments to maturity. However,
securities may be sold prior to maturity under certain circumstances as follows:
• A security with declining credit quality can be sold early to minimize loss of principal.
• Unanticipated liquidity needs of the portfolio require that one or more securities be sold.
• When a sale/repurchase is fiscally advantageous based on market conditions and fits
the needs of the portfolio
C. Yield a Risk -Based Market Rate of Return
The City's investment portfolio shall be structured with the objective of yielding a risk -based
market rate of return throughout budgetary and economic cycles. Return on investment is less
important than the safety and liquidity objectives described above.
The City's Investment Policy does not specify a single benchmark as a goal ortarget yield for a
rate of return on its investment portfolio. The portfolio's rates of return will be influenced by several
factors, including actions by the Federal Reserve Board, the marketplace, and overall economic
perceptions and conditions.
Performance Standards: As a basis for comparison only, the Treasurer's quarterly reports will
display the rates of return on the three-month Bill, six-month Bill, the one and two-year U.S.
Treasury Note, and the yield for the State Treasurer's Local Agency Investment Fund (LAIF). The
Treasurer may use these or any other published rates of return that the Treasurer deems
appropriate for comparison to the return on the City's investment portfolio.
Page 4 of 27
The investment portfolio shall be designed with the objective of obtaining a market rate of return
throughout budgetary and economic cycles, commensurate with the investment risk constraints
and the cash flow needs.
V. MAXIMUM MATURITIES
It is the City's policy to generally hold securities and other investments until maturity. This buy -and -
hold policy shall not prevent the sale of a security as listed in section IV.B
The general buy -and -hold strategy requires that the City's investment portfolio be structured so
that sufficient liquid funds are available from maturing investments and other sources to meet all
reasonably anticipated cash needs.
The City shall follow Title 5 of the California Government Code §53601 (the "State Code")
regarding maximum maturities, in that "no investment shall be made in any security... that at the
time of the investment has a term remaining to maturity in excess of five years".
VI. PRUDENCE and FIDUCIARY DUTY
The City shall follow the State Code §53600.3 regarding fiduciary duty and the Prudent Investor
Standard as follows:
Except as provided in subdivision (a) of §27000.3, all governing bodies of local agencies or
persons authorized to make investment decisions on behalf of those local agencies investing public
funds pursuant to this chapter are trustees and therefore fiduciaries subject to the prudent investor
standard. When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing
public funds, a trustee shall act with care, skill, prudence, and diligence under the circumstances
then prevailing, including, but not limited to, the general economic conditions and the anticipated
needs of the agency, that a prudent person acting in a like capacity and familiarity with those
matters would use in the conduct of funds of a like character and with like aims, to safeguard the
principal and maintain the liquidity needs of the agency. Within the limitations of this section and
considering individual investments as part of an overall strategy, investments may be acquired as
authorized by law.
VII. AUTHORITY
Authority to manage the City's investment portfolio is derived from Chapter 3.08 of the City's
Municipal Code. Management responsibility for the investment program is delegated to the City
Treasurer fora period of one year pursuant to the City Council's annual adoption of the Investment
Policy.
The City Treasurer shall establish written procedures for the operation of the investment program
consistent with the Investment Policy. Procedures should include reference to safekeeping, wire
transfer agreements, banking service contracts, and collateral/depository agreements. Such
procedures shall include explicit delegation of authority to persons responsible for investment
transactions. No person may
Page 5 of 27
engage in an investment transaction except as provided under the terms of this Investment Policy
(see Appendix C) and the procedures established by the City Treasurer. The City Treasurer shall
be responsible for all transactions undertaken and shall establish a system of controls to regulate
the activities of subordinateofficials.
VIII. ETHICS AND CONFLICTS OF INTEREST
The City Manager, City Treasurer, and City employees involved in the City's banking and
investment process shall conduct the City's business in an ethical manner and refrain from any
activity or relationship that may be, or have the appearance of, a conflict of interest. The City will
maintain compliance with the procedures set forth in the Conflicts of Interest and Acceptance of
Gifts and other Gratuities section of the City of La Quinta Personnel Manual and the City's
Municipal Code Chapter 2.60 Conflicts of Interest. Any questionable activity or relationship shall
be reported immediately; reporting must be made in accordance with the personnel policies of the
City and, until resolved, the officer or employee shall refrain from participating in the City's business
related to the matter.
The City Manager, City Treasurer, and City employees may conduct personal business with banks,
brokers, and other financial institutions that are authorized to conduct business with the City
provided that the terms of the activity to the accountholder with the City are the same as those
that are available to the public in general, or to all employees as a result of contract negotiations.
I, AUTHORIZED FINANCIAL DEALERS AND INSTITUTIONS
The City Treasurer maintains a listing of financial institutions which are approved for direct
investment purposes, as well as a list of approved broker/dealers.
1. Broker/Dealers who desire to become bidders for direct investment transactions
must supply the City with the following:
• Current audited financial statements;
• Proof of Financial Industry Regulatory Authority (FINRA) Certification;
• Proof of State of California registration;
• Resume of financial broker; and
• Completion of the City of La Quinta Broker/Dealer Questionnaire, which contains
a certification of having read the City's Investment Policy.
The City Treasurer or designee shall evaluate the documentation submitted by the
broker/dealer and independently verify existing reports on file for any firm and/or
individual(s) conducting investment related business.
The City Treasurer or designee may also contact the following agencies during the
verification process:
Financial Industry Regulatory Authority (FINRA) Public Disclosure Report File (1-
800-289-9999).
Page 6 of 27
• State of California Department of Financial Protection and Innovation (1- 866-275
2677).
A professional investment manager or management firm, if engaged by the City pursuant
to Section X of this policy, may utilize their own list ofapproved broker/dealers on the
condition that any such list is provided to the City upon request.
All Broker/Dealers and financial institutions that provide investment services will be subject
to City Council approval.
An annual review of the financial condition and registrations of approved broker/dealers
will be conducted by the City Treasurer or designee. Current audited financial statements
and/or System and Organizational Controls (SOC- 1 and/or SOC-2) internal control reports
may be maintained on file for each financial institution and broker/dealer with which the
City conducts business. Each mutual fund shall provide a prospectus and statement of
additional information.
2. Financial Institutions will be required to meet the following criteria in order to receive
City funds for deposit or investment (see Appendix D, "Listing of Approved Financial
Institutions"):
• Insurance - Public Funds shall be deposited only in financial institutions having
accounts insured by the Federal Deposit Insurance Corporation (FDIC) or the
National Credit Union Share Insurance Fund (NCUSIF).
• Disclosure - Each financial institution maintaining invested funds in excess of the
FDIC insured amount shall furnish the City a copy of the most recent Call Report
(Consolidated Reports of Condition and Income) if requested. These reports can
also be found at: https://cdr.ffiec.gov/public/ManageFacsimiles.aspx
The City shall not invest or deposit in excess of the FDIC insured amount in banking
institutions which do not disclose to the city a current listing of securities pledged for
collateral ization in public monies.
X. PERMISSIBLE DEPOSITS AND INVESTMENTS
It is the City's policy to follow Title 5 of the California Government Code (the "State Code") in
regard to allowable securities, and to be sufficiently diversified with regard to security type and
issuer. Permissible deposits and investments, as allowed by Chapter 4, Part 1, Division 2, Title
5 (hereinafter cited by §), include, but are not limited to, the following list. The State Code can
be directly referenced at https://Ieginfo.legislature.ca.gov/
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Checking. Savings. and Sweep Accounts - The City will only maintain checking and savings
accounts with state or national banks, savings associations, federal associations, and/or credit
unions in accordance with §53635.2.
• Collateralization: The amount of the City's deposits or investments not insured by the
FDIC shall be collateralized by securities in accordance with
§53652. The Treasurer may invest in an interest -bearing active deposit account as
approved in §53632. The deposit account must be collateralized with securities that are in
accordance with §53632.5. In addition, the market value of the collateralized securities
must be maintained in accordance with
§53652 and be held by a custodian in accordance with the requirements of
§53656. The proportion of the City's share of the deposit account shall be determined in
accordance with §53658.
Certificates of Deposit (Negotiable and Non-negotiable) — As authorized in
§53601(i), the City may invest in Non -Negotiable and Negotiable Certificates of Deposits (CD)
up to 30% of the overall portfolio. In no instance shall a CD or combined CDs with a single
issuer exceed the FDIC or NCUSIF insurance limit of
$250,000.
U.S. Treasury Bills. Notes. and Bonds — As authorized in §53601(b), the City may invest in
U.S. Treasury bills, notes, and bonds directly issued and backed by the full faith and credit of
the U.S. Government. The City's Investment Policy provides for investments in U.S. Treasury
issues of 100% of the portfolio.
U.S. Government Agency Securities and Federal Government Securities —As authorized
in §53601(f), the City may invest in securities issued by U.S. Government instrumentalities
and agencies (commonly referred to as government sponsored enterprises or GSE's). These
securities may not be backed by the full faith and credit of the U.S. Government (with the
exception of Government National Mortgage Association (GNMA) securities). Examples of
GSE's include Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage
Corporation (FHLMC), Federal Home Loan Bank (FHLB), Federal Farm Credit Banks Funding
Corporation (FFCB), Federal Agricultural Mortgage Corporation (FAMC), Tennessee Valley
Authority (TVA), and GNMA securities.
The City's Investment Policy allows investment only in securities of GNMA, FNMA, FHLMC,
FHLB, and FFCB. For Fiscal Year 2022-23, the maximum face amount per issuer is $20 million
and the maximum face amount per purchase is $10 million.
Prime Commercial Paper — As authorized in §53601(h), a portion of the City's portfolio may
be invested in commercial paper of the highest rating as provided for by a nationally
recognized statistical rating organization (NRSRO) such as Moody's, Fitch, or Standard &
Poor's (S&P). There are a number of other qualifications regarding investments in commercial
paper based on the financial strength and size of the corporation and the size of the
investment. The City limits on prime commercial paper are as defined in the State Code.
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Local Agency Investment Fund (LAIF) — As authorized in §16429.1 and by LAIF policies,
local government agencies are each authorized to invest up to the deposit limit as designated
by the California State Treasurer. The City Treasurer may not invest more than the maximum
amount per account as allowed by LAIF.
Money Market Mutual Funds — As authorized in §53601(1), local agencies are authorized to
invest in shares of beneficial interest issued by diversified management companies (mutual
funds) in an amount not to exceed 20% of the agency's portfolio. There are a number of other
qualifications and restrictions regarding allowable investments in corporate notes and shares
of beneficial interest issued by mutual funds which include (1) attaining the highest ranking or
the highest letter and numerical rating provided by not less than two of thethree largest
nationally recognized rating services, or (2) having an investment advisor registered with the
Securities and Exchange Commission with not less than five years' experience investing in the
securities and obligations and with assets under management in excess of five hundred million
dollars ($500,000,000).
Corporate Notes — As authorized in §53601(k), local agencies may invest in corporate notes.
The notes must be issued by corporations organized and operating in the United States or by
depository institutions licensed by the United States or any other state and operating in the
United States. The City's Investment Policy allows investment in corporate notes authorized
by the Government Code with the following limitations:
• Maximum 30% of the portfolio;
• Maturities shall not exceed five years from date of purchase;
• Eligible notes shall be regularly quoted and traded in the marketplace;
• Eligible notes shall be in a rating category of "AX or better by an NRSRO;
• The maximum aggregate investment in each issuer shall not exceed $5 million (PAR
value), or no more than 10% of the total investment assets in the commercial paper and
the medium -term notes of any single issuer.
Professionally Managed Account(s) — The City Treasurer may place up to 50% of the
portfolio with a professional portfolio management/investment management firm (firm). The
firm will be approved by the City Council based upon the City Treasurer's recommendation
pursuant to completion of a public request for proposal (RFP). The firm shall have:
• An established professional reputation for asset or investment management;
• Knowledge and working familiarity with State and Federal laws governing and restricting
the investment of public funds;
• Substantial experience providing investment management services to local public
agencies whose investment policies and portfolio size are similar to those of the City;
• Professional liability (errors and omissions) insurance and fidelity bonding in such
amounts as are required by the City; and
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Registration with the Securities and Exchange Commission under the
Investment Advisers Act of 1940
Before engagement by the City and except as may be specifically waived or revised, the firm
shall commit to adhere to the provisions of the City's Investment Policy with the following
exceptions:
The firm may be granted the discretion to purchase and sell investment securities in
accordance with this Investment Policy;
The firm is not required to adhere to a buy -and -hold policy; and
The firm does not need City Manager or City Treasurer approval to make permissible
investments.
Local Aaencv Bonds and California Local Agency Obligations — As authorized in
§53601(a) and §53601(e), the City may invest in California local agency obligations.
§53601(a) pertains to investing in bonds issued by a local agency, or by the department,
board, agency or authority of the local agency.
§53601(e) pertains to investing in bonds and other defined indebtedness of any local agency,
or department, board, agency or authority of the local agency within the State of California. The
Agency obligations must be invested in the long-term rating category of A or better by an
NRSRO.
In the case of an initial public offering, including refinancings, the Treasurer may purchase
directly from the Bond Underwriter. In the case of secondary issues, the Treasurer will rely on
the approved Broker/Dealers.
XL INVESTMENT POOLS
There are three (3) types of investment pools:
State -run pools (e.g., LAIF);
Pools that are operated by a political subdivision where allowed by law and the political
subdivision is the trustee (e.g., County Pools, and Joint Powers Authorities such as the
California Asset Management Program (CAMP)); and
Pools that are operated for profit by third parties (e.g. money market funds).
The City's Investment Policy permits investment in pools and money market funds as authorized
by State Code §16429.1, §53601(1) and §53601(p).
X. PAYMENT AND CUSTODY
The City shall engage qualified third -party custodians to act in a fiduciary capacity to maintain
appropriate evidence of the City's ownership of securities and other eligible investments. Such
custodians shall disburse funds received from the City for a purchase to the broker, dealer or
seller only after receiving evidence that the City has legal, record ownership of the securities.
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Even though ownership is evidenced in book -entry form rather than by actual certificates, this
procedure is commonly referred to as the delivery versus payment (DVP) method for the transfer
of securities.
XIII. INTEREST EARNING DISTRIBUTION POLICY
Interest earnings are generated from pooled investments and specific investments. The following
provisions apply to the calculation and distribution of interest earnings.
1. Pooled Investments — It is the general policy of the City to pool all available operating
cash of the City of La Quinta, Successor Agency to the City of La Quinta Redevelopment
Agency, La Quinta Financing Authority, and La Quinta Housing Authority, and to allocate
interest earnings as a payment to each fund of an amount based on the month -end cash
balance included in the common portfolio for the earning period.
2. Specific Investments — Specific investments purchased by a fund shall incur all earnings
and expenses to that particular fund.
XIV. INTERNAL CONTROLS AND INDEPENDENT AUDITOR
The City Treasurer shall establish a system of internal controls to accomplish the following
objectives:
• Safeguard assets;
• The orderly and efficient conduct of its business, including adherence to management
policies;
• Prevention or detection of errors and fraud;
• The accuracy and completeness of accounting records; and
• Timely preparation of reliable financial information.
While no internal control system, however elaborate, can guarantee absolute assurance that the
City's assets are safeguarded, it is the intent of the City's internal control to provide a reasonable
assurance that management of the investment function meets the City's objectives.
The internal controls shall address the following:
• Control of collusion. Collusion is a situation where two or more employees are working in
conjunction to defraud their employer.
• Separation of transaction authority from accounting and record keeping. By separating the
person who authorizes or performs the transaction from the people who record or
otherwise account for the transaction, a separation of duties is achieved.
• Custodial safekeeping. Securities purchased from any bank or dealer including appropriate
collateral (as defined by State Law) shall be placed with an independent third party for
custodial safekeeping.
• Avoidance of physical delivery securities. Book entry securities are much easier to transfer
and account for since actual delivery of a document never takes
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place. Delivered securities must be properly safeguarded against loss or destruction. The
potential for fraud and loss increases with physically delivered securities.
• Clear delegation of authority to subordinate staff members. Subordinate staff members
must have a clear understanding of their authority and responsibilities to avoid improper
actions. Clear delegation of authority also preserves the internal control structure that is
contingent on the various staff positions and their respective responsibilities as outlined in
the Segregation of Major Investment Responsibilities (Appendix C).
• Written confirmation of telephone transactions for investments and wire transfers. Due to
the potential for error and improprieties arising from telephone transactions, all telephone
transactions shall be supported by written communications or electronic confirmations and
approved by the appropriate person. Written communications may be via fax or email if on
letterhead and the safekeeping institution has a list of authorized signatures. Fax
correspondence must be supported by evidence of verbal or written follow- up.
• Development of a wire transfer agreement with the City's bank and third -party custodian.
This agreement should outline the various controls, security provisions, and delineate
responsibilities of each party making and receiving wire transfers.
The system of internal controls developed by the City shall be reviewed annually by the
independent auditor in connection with the annual audit of the City's Financial Statements. The
independent auditor's letter on internal control over financial reporting and compliance as it
pertains to cash and investments, if any, shall be directed to the City Manager who will direct the
City Treasurer to provide a written response to the independent auditor's letter. The auditor's
letter, as it pertains to cash and investment activities, and the City Treasurer's response shall be
provided to the City's Financial Advisory Commission for their consideration. Following the
completion of each annual audit, the independent auditor shall meet with the Financial Advisory
Commission and discuss the auditing procedures performed and the review of internal controls
for cash and investment activities. See Appendix C, "Segregation of Major Investment
Responsibilities."
X)L REPORTING STANDARDS
The City Treasurer shall submit a quarterly Treasurer's Report to the City Council and the Financial
Advisory Commission that includes all cash and investments under the authority of the Treasurer.
In addition, the City Treasurer or designee shall ensure all investment transactions are reported
on a monthly basis as they occur throughout the quarter. The Treasurer's Report shall summarize
cash and investment activity and changes in balances and include the following:
• A certification by the City Treasurer;
• A listing of purchases and sales/maturities of investments;
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• Cash and Investments categorized by authorized investments; LAIF will also be provided
quarterly and show yield and maturity;
• Comparison of month -end actual holdings to Investment Policy limitations;
• A two-year list of historical interest rates.
XVI. REVIEW OF INVESTMENT PORTFOLIO
The securities held by the City must be in compliance with this Policy at the time of purchase.
Due to market conditions, some securities may no longer comply subsequent to the date of
purchase, therefore a quarterly review of the portfolio will be conducted to identify any securities
which may have fallen out of compliance. Any major incidences of noncompliance identified during
such review will be reported to the Financial Advisory Commission for confirmation of staff course
of action.
XVII. FINANCIAL ADVISORY COMMISSION - CITY OF LA QUINTA
The Financial Advisory Commission (FAC) is composed of seven members from the public that
are appointed by the City Council. The FAC's membership, qualifications, and powers and duties
are prescribed in Chapter 2.70 of the La Quinta Municipal Code and included in this policy as
Appendix A.
On an annual basis, in conjunction with the Political Reform Act disclosure statutes, or at any time
if a change in circumstances warrants, each commissioner will provide the City Council with a
disclosure statement which identifies any matters that have a bearing on the appropriateness of
that member's service on the FAC. All commissioners shall report annually to the City Clerk on
Form 700, Statement of Economic Interests, any activities, interests, or relationships that may be,
or have the appearance of, a conflict of interest.
XVIII. INVESTMENT POLICY ADOPTION
The City's Investment Policy will be reviewed annually by the City's Financial Advisory Commission
and the City Treasurer. The Financial Advisory Commission will forward the Investment Policy
with any revisions to the City Manager and City Attorney for their review and comment. A joint
meeting will be held with the Financial Advisory Commission, City Manager, City Attorney, and
City Treasurer to review the Investment Policy and any comments prior to submission to the City
Council for their consideration. The Investment Policy shall be adopted by resolution of the City
Council annually before the end of June of each year.
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APPENDIX A
City of La Quinta Municipal Code Chapter 2.70
FINANCIAL ADVISORY COMMISSION
2.70.010 General rules regarding the financial advisory commission. Except
as set out below, see Chapter 2.06 for general provisions.
2.70.020 Number of members.
The financial advisory commission ("FAC") shall initially consist of seven members appointed by,
and serving at the will of, the city council. The city council may increase or decrease the number of
members from time to time but in no event shall the membership exceed nine members or be less
than five members.
2.70.30 Qualifications of members.
A. In addition to the qualification requirements set forth in Section 2.06.040 of this code,
a minimum of three of the members shall be finance professionals and shall have a
verifiable background in finance and/or securities, preferably with knowledge and/or
experience in markets, financial controls and accounting for securities.
B. For those applying for the professional position, background information will be
requested, and potential candidates must agree to a background check and verification by
the city manager or designee.
2.70.040 Powers and duties.
A. The principal functions of the FAC are:
1. Review at least annually the city's investment policy and recommend
appropriate changes;
2. Review at least quarterly the treasury report 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 at least annually the revenue derived from the one percent (1 %)
transactions and use tax instituted by voters in November 2016 to ensure these
funds are used to provide services, programs and capital projects in the city of La
Quinta.
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6. Serve as a resource for the city treasurer on matters such as proposed
investments, internal controls, use of or change of financial institutions, custodians,
brokers and dealers.
B. The FAC will report to the city council after each meeting either in person or through
correspondence at a regular city council meeting. (Ord. 556 § 1, 2017)
2.70.050 References to the Investment Advisory Board.
If any other chapter(s) or section(s) in this code refers to the Investment Advisory Board, that
chapter(s) or section(s) shall be deemed to refer to the Financial Advisory Commission established
by the ordinance amending chapter 2.70 of this code.
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APPENDIX B
City of La Quinta Municipal Code Chapter 3.08
INVESTMENT OF MONEYS AND FUNDS
3.08.010 Investment of city moneys and deposit of securities.
Pursuant to, and in accordance with, and to the extent allowed by Sections 53607 and 53608 of
the California Government Code, the authority to invest and reinvest moneys of the city, to sell or
exchange securities, and to deposit them and provide for their safekeeping, is delegated to the
city treasurer, which, for purposes of this chapter, is defined in Section 2.12.010 of this code. (Ord.
529 § 1, 2015; Ord. 2 § 1,
1982)
3.08.020 Authorized investments.
Pursuant to the delegation of authority in Section 3.08.010, the city treasurer is authorized to
purchase, at their original sale or after they have been issued, securities which are permissible
investments under the city council adopted city investment policy and any provision of state law
relating to the investing of general city funds, including, but not limited to, Sections 53601 and
53635 of the California Government Code, as said sections now read or may hereafter be
amended, from moneys in the city treasurer's custody which are not required for the immediate
necessities of the city and as he or she may deem wise and expedient, and to sell or exchange for
other eligible securities and reinvest the proceeds of the securities so purchased. (Ord. 529
§ 1, 2015; Ord. 2 § 1, 1982)
3.08.030 Sales of Securities.
From time to time the city treasurer shall sell the securities in which city moneys have been
invested pursuant to this chapter, so that the proceeds may, as appropriate, be applied to the
purchase for which the original purchase money may have been designated or placed in the city
treasury. (Ord.2 § 1 1982)
3.08.040 City bonds.
Bonds issued by the city and purchased pursuant to this chapter may be cancelled either in
satisfaction of sinking fund obligations or otherwise if proper and appropriate; provided, however,
that the bonds may be held uncancelled and while so held may be resold. (Ord. 2 § 1 (part), 1982)
3.08.050 Reports.
The city treasurer shall make a quarterly report to the city council of all investments made pursuant
to the authority delegated in this chapter and as permitted by Section 53646(b)(1) of the
Government Code. (Ord. 529 § 1, 2015; Ord. 2 § 1, 1982)
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3.08.060 Deposits of securities
Pursuant to the delegation of authority in Section 3.08.010, the city treasurer is authorized to
deposit for safekeeping, the securities in which city moneys have been invested pursuant to this
chapter, in any institution or depository authorized by the city council adopted investment policy
and terms of any state law, including, but not limited to, Section 53608 of the Government Code,
as it now reads or may hereafter be amended. In accordance with said section, the city treasurer
shall take from the institution or depository a receipt for the securities so deposited and shall not
be responsible for the securities delivered to and receipted for by the institution or depository until
they are withdrawn therefrom by the city treasurer. (Ord. 529 § 1, 2015; Ord. 2 § 1, 1982)
3.08.070 Trust fund administration.
Any departmental trust fund established by the city council pursuant to Section 36523 of the
Government Code shall be administered by the city treasurer in accordance with Section 36523
and 36524 of the Government Code and any other applicable provisions of law. (Ord. 2 § 1, 1982)
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APPENDIX C
SEGREGATION OF MAJOR INVESTMENT RESPONSIBILITIES
Function
Responsible Parties
Develop and recommend modifications to the City Treasurer, Financial Services
City's formal Investment Policy Analyst, and Financial Advisory
Commission
Review City's Investment Policy and
recommend City Council action
Adopt formal Investment Policy
City Manager and City Attorney
City Council
Implement formal Investment Policy City Treasurer
Review financial institutions and select investments City Treasurer or Financial
Services Analyst Acknowledge investment selections City Manager or his/her
designee
Execute investment transactions
Confirm wires
Record investment transactions in City's
accounting records
Investment certification- match broker
confirmation to City's investment records
Reconcile investment records to accounting
records and bank statements
Reconcile investment records to treasurer's
report of investments
Security of investments at City
City Manager, City Treasurer, or Financial
Services Analyst
Accounting Manager, Accountant, or
Management Assistant
Accounting Manager or Accountant
City Treasurer or Financial Services Analyst
Financial Services Analyst
City Treasurer, Accounting Manager, or Financial
Services Analyst
Accounting Manager or Management Assistant
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Security of investments outside of City Third Party Custodian
Review internalcontrol procedures External Auditor
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APPENDIX D
Listing of Approved Financial Institutions
Banking Services -Bank of the West, San Francisco, CA
(Banking Services)
-BMO Commercial Bank
-Sunwest Bank, Irvine, CA (Banking Services
- Dune Palms Mobile Estates)
Custodian Services -The Bank of New York Mellon/Pershing LLC
-Stifel
Deferred Compensation -International City/County Management
Association Retirement Corporation(ICMA-
RC) dba MissionSquare Retirement
Broker/Dealer Services -Stifel, Nicholaus, & Company,
Inc.
-Higgins Capital Management, Inc.
-Great Pacific Securities
Government/Joint Powers Authority Pools -State of California Local Agency Investment Fund
(LAIF)
Trustee Services
-California Asset Management Program (CAMP)
-County of Riverside Pooled Investment Fund')
-U.S. Bank Trust Company, NA(2)
Other Post Employment Benefits (OPEB) Trust -California Employers' Retirement Benefits Trust
(CERBT)/CalPERS
Pension Trust- Administration -Public Agency Retirement Services (PARS)
(1)The County of Riverside Treasurer maintains one Pooled Investment Fund for all local
jurisdictions having funds on deposit in the County Treasury. The City's fire funds, which are
property taxes collected to fund fire services in the City, are kept in reserve with the County to
be used as expenses are incurred.
(2) U.S. Bank is the fiscal agent for all of the following bonds: 2013 (refunded in 2021), 2014
(refunded in 2021), 2016, and 2021 Successor Agency to the La Quinta Redevelopment
Agency (RDA) Bonds. U.S. Bank is also the trustee and asset custodian for the PARS
pension trust. As of January 29, 2022, U.S. Bank, National Association transitioned its
Global Corporate Trust business to wholly owned subsidiary U.S. Bank Trust Company,
National Association.
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APPENDIX E
INVESTMENT MANAGEMENT PROCESS AND RISK
Except as provided for in Section 27000.3, Government Code Section 53600.3 declares as a
trustee each person, treasurer, or governing body authorized to make investment decisions on
behalf of local agencies. Trustees are subject to the prudent investor standard. These persons
shall act with care, skill, prudence, and diligence under the circumstances then prevailing when
investing, reinvesting, purchasing, acquiring, exchanging, selling, and managing funds. Section
53600.5 further stipulates that the primary objective of any person investing public funds is to
safeguard principal; secondly, to meet liquidity needs of the depositor; and lastly, to achieve a
return or yield on invested funds (Government Code Section 27000.5 specifies the same
objectives for county treasurers and board of supervisors).
Risk is inherent throughout the investment process. There is investment risk associated with any
investment activity and opportunity risk related to inactivity. Market risk is derived from exposure
to overall changes in the general level of interest rates while credit risk is the risk of loss due to the
failure of the insurer of a security. The market value of a security varies inversely with the level of
interest rates. If an investor is required to sell an investment with a five percent yield in a
comparable seven percent rate environment, that security will be sold at a loss. The magnitude
of that loss will depend on the amount of time until maturity.
Purchasing certain allowable securities with a maturity of greater than five years requires approval
of the governing board (see Government Code Section 53601). Part of that approval process
involves assessing and disclosing the risk and possible volatility of longer -term investments
Another element of risk is liquidity risk. Instruments with call features or special structures, or
those issued by little known companies, are examples of "story bonds" and are often thinly traded.
Their uniqueness often makes finding prospective buyers in a secondary market more difficult and,
consequently, the securities' marketability and price are discounted. However, under certain
market conditions, gains are also possible with these types of securities.
Default risk represents the possibility that the borrower may be unable to repay the obligation as
scheduled. Generally, securities issued by the federal government and its agencies are
considered the most secure, while securities issued by private corporations or negotiable
certificates of deposit issued by commercial banks have a greater degree of risk. Securities with
additional credit enhancements, such as bankers acceptances, collateralized repurchase
agreements and collateralized bank deposits are somewhere between the two on the risk
spectrum.
The vast majority of portfolios are managed within a buy and hold policy. Investments are purchased
with the intent and capacity to hold that security until maturity. At times, market forces or
operations may dictate swapping one security for anotheror
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selling a security before maturity. Continuous analysis and fine tuning of the investment portfolio
are considered prudent investment management.
The Government Code contains specific provisions regarding the types of investments and
practices permitted after considering the broad requirement of preserving principal and
maintaining liquidity before seeking yield. These provisions are intended to promote the use of
reliable, diverse, and safe investment instruments to better ensure a prudently managed portfolio
worthy of public trust.
Source: Chapter II. Fund Management from the Local Agency Investment Guidelines Issued by
California Debt and Investment Advisory Commission
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APPENDIX F
GLOSSARY
(Adopted from the Municipal Treasurers Association)
The purpose of this glossary is to provide the reader of the City of La Quinta investment policies
with a better understanding of financial terms used in municipal investing.
AGENCIES: Federal agency securities and/or Government -sponsored enterprises.
ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFM: The official annual report for the
City of La Quinta. It includes combined statements for each individual fund and account group
prepared in conformity with GAAP. It also includes supporting schedules necessary to
demonstrate compliance with finance -related legal and contractual provisions, extensive
introductory material, and a detailed Statistical Section.
ASKED: The price at which securities are offered.
BANKERS' ACCEPTANCE (BA): A draft or bill or exchange accepted by a bank or trust
company. The accepting institution guarantees payment of the bill, as well as the issuer.
BID: The price offered by a buyer of securities. (When you are selling securities, you ask for a bid.)
See Offer.
BROKER: A broker brings buyers and sellers together for a commission.
CERTIFICATE OF DEPOSIT (CDJ: A time deposit with a specific maturity evidenced by a
certificate. Large- denomination CD's are typically negotiable.
COLLATERAL: Securities, evidence of deposit or other property which a borrower pledges to
secure repayment of a loan. Also refers to securities pledged by a bank to secure deposits of
public monies.
COMMERCIAL PAPER: Short-term unsecured promissory notes issued by acorporation to raise
working capital. These negotiable instruments are purchased at a discount to par value or at par
value with interest bearing. Commercial paper is issued by corporations such as General Motors
Acceptance Corporation, IBM, Bank America, etc.
CONDUIT FINANCING: A form of Financing in which a government or a government agency
lends its name to a bond issue, although it is acting only as a conduit between a specific project
and bond holders. The bond holders can look only to the revenues from the project being financed
for repayment and not to the government or agency whose name appears on the bond.
COUPON: (a) The annual rate of interest that a bond's issuer promises to pay the bondholder on
the bond's face value. (b) A certificate attached to a bond evidencing interest due on a payment
date.
DEALER: A dealer, as opposed to a broker, acts as a principal in all transactions, buying and
selling for his own account.
DEBENTURE: A bond secured only by the general credit of the issuer.
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DELIVERY VERSUS PAYMENT: There are two methods of delivery of securities: delivery versus
payment and delivery versus receipt. Delivery versus payment is delivery of securities with an
exchange of money for the securities. Delivery versus receipt is delivery of securities with an
exchange of a signed receipt for the securities.
DERIVATIVES: (1) Financial instruments whose return profile is linked to, or derived from, the
movement of one or more underlying index or security, and may include a leveraging factor, or
(2) financial contracts based upon notional amounts whose value is derived from an underlying
index or security (interest rates, foreign exchange rates, equities or commodities).
DISCOUNT: The difference between the cost price of a security and its maturity when quoted at
lower than face value. A security selling below original offering price shortly after sale also is
considered to be at a discount.
DISCOUNT SECURITIES: Non -interest -bearing money market instruments that are issued at
discount and redeemed at maturity for full face value
DIVERSIFICATION: Dividing investment funds among a variety of securities offering independent
returns.
GOVERNMENT SPONSORED ENTERPRISES (GSEs): Privately held corporations with public
purposes created by the U.S. Congress to reduce the cost of capital for certain borrowing sectors
of the economy. Securities issues by GSEs carry the implicit backing of the U.S. Government, but
they are not direct obligations of the U.S. Government. Typically referred to as 'Agency Bonds' or
'Agencies'.
FNMAs or Fannie Mae (Federal National Mortgage Association) - Like GNMA was chartered
under the Federal National Mortgage Association Act in 1938. FNMA is a federal corporation
working under the auspices of the Department of Housing and Urban Development (HUD). It is
the largest single provider of residential mortgage funds in the United States. Fannie Mae, as the
corporation is called, is a private stockholder -owned corporation. The corporation's purchases
include a variety of adjustable mortgages and second loans, in addition to fixed-rate mortgages.
FNMA's securities are also highly liquid and are widely accepted. FNMA assumes and guarantees
that all security holders will receive timely payment of principal and interest.
FHLBs (Federal Home Loan Bank) - Issued by the Federal Home Loan Bank System to help
finance the housing industry. The notes and bonds provide liquidity and home mortgage credit to
savings and loan associations, mutual savings banks, cooperative banks, insurance companies,
and mortgage -lending institutions. They are issued irregularly for various maturities. The minimum
denomination is $5,000. The notes are issued with maturities of less than one year and interest
is paid at maturity.
FFCBs (Federal Farm Credit Bank) — Debt instruments used to finance the short and intermediate
term needs of farmers and the national agricultural industry. They are issued monthly with three -
and six-month maturities. The FFCB issues larger issues (one to ten year) on a periodic basis.
These issues are highly liquid.
Page 24 of 27
FHLMCs or Freddie Mac (Federal Home Loan Mortgage Corporation) - a government sponsored
entity established in 1970 to provide a secondary market for conventional home mortgages.
Mortgages are purchased solely from the Federal Home Loan Bank System member lending
institutions whose deposits are insured by agencies of the United States Government. They are
issued for various maturities and in minimum denominations of $10,000. Principal and interest is
paid monthly.
FAMCs or Farmer Mac (Federal Agricultural Mortgage Corporation) - FAMC increases the
availability and affordability of credit for the benefit of American agriculture and rural communities.
They are the nation's premier secondary market for agricultural credit, providing financial solutions
to a broad spectrum of the agricultural community, including agricultural lenders, agribusinesses,
and other institutions that can benefit from access to flexible, low-cost financing and risk
management tools. FAMC is regulated by the Farm Credit Administration.
Other federal agency issues are Small Business Administration notes (SBA's), Government
National Mortgage Association notes (GNMA's), and Tennessee Valley Authority notes (TVA's).
FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC): A federal agency that
insures bank deposits, currently up to $250,000 per deposit per entity.
FEDERAL FUNDS RATE: The rate of interest at which Fed funds are traded. This rate is currently
pegged by the Federal Reserve through open- market operations.
FEDERAL OPEN MARKET COMMITTEE (FOMC): Consists of seven members of the Federal
Reserve Board and five of the twelve Federal Reserve Bank Presidents. The President of the New
York Federal Reserve Bank is a permanent member, while the other Presidents serve on a rotating
basis. The Committee periodically meets to set Federal Reserve guidelines regarding purchases
and sales of Government Securities in the open market as a means of influencing the volume of
bank credit and money.
FEDERAL RESERVE SYSTEM: The central bank of the United States created by Congress and
consisting of a seven -member Board of Governors in Washington, D.C., 12 regional banks and
about 3,000 commercial banks that are members of the system.
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GNMA or Ginnie Mae):
Securities influencing the volume of bank credit guaranteed by GNMA and issued by mortgage
bankers, commercial banks, savings and loan associations, and other institutions. Security holder
is protected by full faith and credit of the U.S. Government. Ginnie Mae securities are backed by
the FHA, VA or FMHM mortgages. The term "pass-throughs" is often used to describe Ginnie
Maes.
LAIF (Local Agency Investment Fund): - A special fund in the State Treasury which local
agencies may use to deposit funds for investment. There is no minimum investment period, the
minimum transaction is $5,000 and the City follows the state guidance for maximum total balance.
The City is restricted to a maximum of ten transactions per month. It offers high liquidity because
deposits can be converted to cash in 24 hours and no interest is lost. All interest is distributed to
those agencies participating on a proportionate share basis determined by the amounts deposited
and the length of time
Page 25 of 27
they are deposited. Interest is paid quarterly. The State retains an amount for reasonable costs of
making the investments, not to exceed one-half of one percent of the earnings.
LIQUIDITY: A liquid asset is one that can be converted easily and rapidly into cash without a
substantial loss of value. In the money market, a security is said to be liquid if the spread between
bid and asked prices is narrow and reasonable size can be done at those quotes.
LOCAL GOVERNMENT INVESTMENT POOL (LGIP): The aggregate of all funds from political
subdivisions that are placed in the custody of the State Treasurer for investment and reinvestment
MARKET VALUE: The price at which a security is trading and could presumably be purchased
or sold.
MASTER REPURCHASE AGREEMENT: A written contract covering all future transactions
between the parties to repurchase -reverse repurchase agreements that establish each party's
rights in the transactions. A master agreement will often specify, among other things, the right of
the buyer- lender to liquidate the underlying securities in the event of default by the seller -
borrower.
MATURITY: The date upon which the principal or stated value of an investment becomes due and
payable.
MONEY MARKET: The market in which short-term debt instruments (bills, commercial paper,
bankers' acceptances, etc.) are issued and traded.
NRSRO (NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATION): A
credit rating agency recognized by the Securities and Exchange Commission (SEC). Examples
include Fitch Ratings, Inc., Moody's Investor's Services, Inc., and S&P Global Ratings, among
others.
OFFER: The price asked by a seller of securities. (When you are buying securities, you ask for
an offer.) See Asked and Bid.
OPEN MARKET OPERATIONS: Purchases and sales of government and certain other securities
in the open market by the New York Federal Reserve Bank as directed by the FOMC in order to
influence the volume of money and credit in the economy. Purchases inject reserves into the bank
system and stimulate growth of money and credit; sales have the opposite effect. Open market
operations are the Federal Reserve's most important and most flexible monetary policy tool.
PORTFOLIO: Collection of all cash and securities under the direction of the City Treasurer,
including Bond Proceeds.
PRIMARY DEALER: A group of government securities dealers who submit daily reports of market
activity and positions and monthly financial statements to the Federal Reserve Bank of New York
and are subject to its informal oversight. Primary dealers include Securities and Exchange
Commission (SEC) registered securities broker -dealers, banks and a few unregulated firms.
Page 26 of 27
QUALIFIED PUBLIC DEPOSITORIES: A financial institution which does not claim exemption
from the payment of any sales or compensating use or ad valorem taxes under the laws of this state,
which has segregated for the benefit of the commission eligible collateral having a value of not
less than its maximum liability and which has been approved by the Public Deposit Protection
Commission to hold public deposits.
RATE OF RETURN: The yield obtainable on a security based on its purchase price or its current
market price. This may be the amortized yield to maturity on a bond the current income return.
REPURCHASE AGREEMENT (RP OR REPO) and REVERSE REPURCHASE
AGREEMENTS (RRP or RevReao): A holder of securities sells these securities to an investor
with an agreement to repurchase them at a fixed price on a fixed date. The security "buyer" in
effect lends the "seller" money for the period of the agreement, and the terms of the agreement
are structured to compensate him for this. Dealers use RP extensively to finance their positions.
Exception: When the Fed is said to be doing RP, it is lending money that is increasing bank
reserves.
SAFEKEEPING: A service to customers rendered by banks for a fee whereby securities and
valuables of all types and descriptions are held in the bank's vaults for protection.
SECONDARY MARKET: A market made for the purchase and sale of outstanding issues
following the initial distribution.
SECURITIES & EXCHANGE COMMISSION: Agency created by Congress to protect investors
in securities transactions by administering securities legislation.
SEC RULE 15C3-1: See Uniform Net Capital Rule.
SSAE 16: The Statement on Standards for Attestation Engagements No. 16 (SSAE 16) is a set
of auditing standards and guidance on using the standards, published by the Auditing Standards
Board (ASB) of the American Institute of Certified Public Accountants (AICPA) for redefining and
updating how service companies report on compliance controls. The Service Organizational
Control report (SOC-1) contains internal controls over financial reporting and is used by auditors
and office controllers.
STRUCTURED NOTES: Notes issued by Government Sponsored Enterprises (FHLB, FNMA,
SLMA, etc.) and Corporations which have imbedded options (e.g., call features, step-up coupons,
floating rate coupons, and derivative -based returns) into their debt structure. Their market
performance is impacted by the fluctuation of interest rates, the volatility of the imbedded options
and shifts in the shape of the yield curve.
SURPLUS FUNDS: Section 53601 of the California Government Code defines surplus funds as
any money not required for immediate necessities of the local agency. The City has defined
immediate necessities to be payment due within one week.
TREASURY BILLS: A non -interest- bearing discount security issued by the U.S. Treasury to
finance the national debt. Most bills are issued to mature in three months, six months or one year.
Page 27 of 27
TREASURY BONDS: Long-term coupon -bearing U.S. Treasury securities issued as direct
obligations of the U.S. Government and having initial maturities of more than 10years.
TREASURY NOTES: Medium -term coupon -bearing U.S. Treasury securities issued as direct
obligations of the U.S. Government and having initial maturities from two to 10 years.
UNIFORM NET CAPITAL RULE: Securities and Exchange Commission requirement that member
firms as well as nonmember broker -dealers in securities maintain a maximum ratio of
indebtedness to liquid capital of 15 to 1; also called net capital rule and net capital ratio.
Indebtedness covers all money owed to a firm, including margin loans and commitments to
purchase securities, one reason new public issues are spread among members of underwriting
syndicates. Liquid capital includes cash and assets easily converted into cash.
UNIFORM PRUDENT INVESTOR ACT: The State of California has adopted this Act. The Act
contains the following sections: duty of care, diversification, review of assets, costs, compliance
determinations, delegation of investments, terms of prudent investor rule, and application.
YIELD: The rate of annual return on an investment, expressed as a percentage. (a) INCOME
YIELD is obtained by dividing the current dollar income by the current market price for the security.
(b) NET YIELD or YIELD TO MATURITY is the current income yield minus any premium above
par or plus any discount from par in purchase price, with the adjustment spread over the period
from the date of purchase to the date of maturity of the bond.
Page 28 of 27
City of La Quinta
STUDY SESSION ITEM NO. 1
FINANCIAL ADVISORY COMMISSION MEETING May 10, 2023
STAFF REPORT
AGENDA TITLE- DISCUSS FISCAL YEAR 2023/24 PRELIMINARY PROPOSED
BUDGET
RECOMMENDATION
Discuss fiscal year 2023/24 preliminary proposed budget.
EXECUTIVE SUMMARY
• This first budget study session focuses on the General Fund and Internal Service
Funds. This information will be presented to the City Council on May 16, 2023.
• A second City Council budget study session on June 6, 2023 will cover Special
Revenue Funds, Capital Funds, and Enterprise Funds of the City.
• A second budget study session will be presented to the Financial Advisory
Commission (FAC) on June 7, 2023 and will include all funds of the City.
• All departments evaluated budget needs based on the City's priorities and
operational needs when preparing their 2023/24 budgets.
• Final budget adoption is scheduled for June 20, 2023.
FISCAL IMPACT
The preliminary General Fund budget projects a surplus of $2,038,295 with projected
General Fund revenues of $78,478,100 (including Measure G sales tax) and proposed
operational and capital expenditures of $72,439,805. Unappropriated Measure G sales tax
revenue of $4,000,000 shall remain in reserves.
,AUKuROUND/ANALYSIS
The goal of the May 10th study session is to provide an overview of the General Fund and
Internal Service Funds and review the use of Measure G sales tax revenues. Each
department section contains notes to explain changes from 2021/22 actuals, changes in
2022/23, and projections for 2023/24. The budget format is similar to the prior fiscal year.
The budget is a puzzle put together to deliver city services to residents and visitors alike.
Community input is greatly appreciated and necessary to ensure an inclusive budget. It is
our goal to use citizen input and feedback to develop the annual budget. The Financial
Advisory Commission provides oversight of Measure G funds and assists with reviewing
the 2023/24 operating and capital improvement budgets.
To encourage citizen participation in public meetings, the 2023/24 budget schedule is
available online at:
https://www.laguintaca.gov/our-city/city-departments/finance/budget/proposed-budget-
2023-24-timeline
PUBLIC MEETING DATES
FISCAL YEAR 2023/24 BUDGET
2/15/2023
Annual Community Workshop
City Council Meeting - Proposed Capital Improvement
4/4/2023
Program CIP Study Session
4/5/2023
Financial Advisory Commission Meeting - Proposed Capital
Improvement Program Study Session
5/10/2023
Financial Advisory Commission Meeting - Preliminary General
Fund Expense & Revenue Projections
City Council Meeting - Budget Study Session #1 - (General
5/16/2023
Fund and Internal Service Funds focus
City Council Meeting - Budget Study Session #2 - (All
6/6/2023
Appropriations- General Fund, Internal Service Funds,
Enterprise, and Special Revenue Funds
6/6/2023
Housing Authority Board Meeting - Budget Study Session #1
(Housing Funds Only)
Financial Advisory Commission Meeting - Final review of
6/7/2023
ro osed Measure G sales tax uses
Housing Commission Meeting - Final Review of proposed
6/14/2023
Housing Authority Budget
6/20/2023
City Council Meeting - Operating and CIP Budget Adoption
6/20/2023
Housing Authority - Budget Adoption
Attachment 1 provides a narrative of General Fund revenues and expenses, Internal
Service Funds, and the Redevelopment Agency loan repayment to the City. Line item
details for these revenues and expenses are located in Exhibit A of the Attachment.
ALTERNATIVES
The Commission may wish to request further information regarding specific items. Per
State code the budget must be adopted prior to June 30.
Prepared by: Claudia Martinez, Finance Director
Attachment: 1. Fiscal Year 2023/24 Proposed Budget Overview
ATTACHMENT
2023/24 PROPOSED BUDGET
STUDY SESSION #1
ta Qa�&a
CALIFORNIA
The first budget study session is designed to provide an overview of the General Fund and four
Internal Service Funds (ISF's). Special Revenue, Capital, and Enterprise Funds will be
presented on June 7, 2023. Exhibit A includes proposed revenue and expenditure details for all
General Fund and Internal Service Funds.
The FY 2023/24 proposed budget was developed using a moderate and responsible approach
to revenue projections and is responsive to community needs and continues to fund and
enhance services most important to our residents. The City will continue to focus on
infrastructure investments and community priorities, while monitoring the state of the economy
in order to shift resources if necessary.
The City is committed to upholding financial sustainability by maintaining and improving the
City's infrastructure and making investments in the preservation of facilities and amenities. This
budget is designed to keep the City of La Quinta thriving and address the needs and
expectations of our community while taking the steps necessary to ensure our long-term fiscal
health. In formulating their budget proposals, departments were encouraged to evaluate all
current expenditures, impacts of the current economy, as well as key operational needs for City
departments to improve their functions and move forward efficiently.
The proposed General Fund budget has a projected surplus of $2,038,295 as a result of cautious
increases to revenue estimates along with expenditure projections that meet departmental
needs for daily operations and reopening expenditures.
GENERALFUND
FY 2023/24 ORIGINAL PROPOSED BUDGET
SUMMARY
Revenues $ 78,478,100
Less Operating/CIP Expenses (72,439,805)
Preliminary Budget Surplus 6,038,295
Less Measure G Reserves (4,000,000)
BUDGET SURPLUS $ 2,038,29E
The budget provides resources for public safety, daily operations, and capital improvements for
the upcoming fiscal year. Projections are anticipated to change before budget adoption. The
final proposed budget will be structurally balanced.
REVENUES
The City's revenue estimates for FY 2023/24 represent a $66,000 decrease over the revised FY
2022/23 projections, revenues by category are summarized below:
Taxes
54,946,700
58,946,700
62,630,000
3,683,300
6%
License & Permits
2,823,200
3,401,200
(879,900)
-26%
Intergovernmental
7,853,000
7,878,000
9,178,000
1,300,000
17%
Charges for Services
1,081,100
1,341,100
963,200
(377,900)
-28%
Fines & Assessment
462,000
522,000
465,500
(56,500)
-11 %
Other/Misc.
1,155,100
6,455,100
2,720,100
3,735,000
-580%
Total Revenues
68,321,100
78,544,100
78,478,100
(66,000)1
%
The FY 2023/24 projected revenue outlook for the City is slightly more optimistic than anticipated
when the FY 2022/23 budget was adopted in June 2022. Responsible financial management
and strong sales tax growth have put the City in a positive financial position, as this growth is
needed to cover the increasing cost of existing service delivery.
Major general revenues, such as property taxes, sales taxes, franchise fees, and transient
occupancy taxes are projected by the Finance Department based on prior history, growth and
inflation projections, and economic climate. Subject -matter experts such as the City's sales tax
consultant, the County Assessor, and regional and local economic forecasts also assist in the
projection of revenues.
Taxes - The City's top three revenue sources for the General Fund total $54,410,000 (or 69% of
the total $78,478,100) and continue to be:
• Sales Taxes $28,400,000
• Transient Occupancy Taxes (TOT) $14,965,000
• Property Taxes $11,045,000
Sales tax revenue is highly sensitive to economic conditions, and reflects the factors that drive
taxable sales, including levels of unemployment, consumer confidence, per -capita income, and
business investment. Based on the current fiscal year budget, sales tax is anticipated to increase
by $450,000 and Measure G by $200,000.
Property Tax revenues are based on a 1.0% levy on the assessed value of all real property.
Under the terms of Proposition 13, approved in California in 1978, annual increases in the
assessed value are capped at a maximum of 2% per year unless there is a change in ownership
or new construction. Annual increases in assessed value are limited by either the California
Consumer Price Index (CPI) or the 2% cap, whichever is less. Increased home values and sales
over the last two years have driven assessed valuations higher than the 2% cap.
The City of La Quinta imposes a Transient Occupancy Tax (TOT) upon all hotel stays within
the City boundaries at a rate of 11 % and short-term vacation rentals (STVR) at 10%. Major
economic drivers for TOT revenue include room rates, average occupancy rates, and seasonal
and non -seasonal tourism. The projected increase over the current year is based on current
trends and an increase in room rates.
Licenses & Permits - Development -related permit fees largely account for the decrease of
$879,900 in this category when compared to the current FY 2022/23 budget. While the economy
continues to expand, we are beginning to see a slowdown in new projects due to construction
costs and uncertainty about future economic trends.
Intergovernmental - The majority of the revenues in this category are derived from fire service
property taxes restricted for fire services, which accounts for an increase of $1.4 million
compared to last fiscal year largely due to an increase in Redevelopment Property Tax Trust
Fund or RPTTF, and overall assessed valuations of property values. The revenue is recognized
as current year collections or use of reserves; we are not anticipating using reserves based on
current estimates provided by the County, similar to the prior fiscal year.
Charges for Services - Leisure activities, wellness center memberships, and recreational sports
fees have been decreased due to current fiscal year activity and anticipated growth. In addition,
services related to building and public works plan checks have been decreased due to
anticipated residential and commercial development.
Fines & Assessments - A overall decrease of $56,500 is anticipated for administrative citations
due to increased compliance and enforcement measures with the STVR program and motor
vehicle code fines reflective of FY 2022/23 year to date activity.
Use of Money & Property/Miscellaneous — The proposed budget for investment interest earnings
recognizes the rising interest rate environment generating higher expected yields. At the close
of the third quarter of FY 2022/23, the average portfolio rate of return was 1.81 %, as compared
to 0.75% the prior year. The decrease in Miscellaneous revenue is reflective of FY 2022/23 year-
to-date activity and anticipated zoning change mitigation fees.
W:/»LlRi*11
City staff and management have been prudent in their spending to ensure budgets are in line to
end the current fiscal year with savings. While there is continued uncertainty ahead, the
proposed budget reflects prudent investments in staffing and programs to reflect community
needs and support Council's priority initiatives. This ensures the continued support and stability
of our workforce, the key to delivering all of our City's programs and services, and ensuring that
they are delivered efficiently and effectively.
A summary of expenses by department is provided in the chart below, along with an explanation
of major variances specific to departments. Overall increases affecting all departments include
salary and benefits (annual step increases along with increase in CalPERS rates), annual
contract rates, utility rates, and inflationary impacts to goods and services.
City Council
351,400
351,400
304,500
(46,900)
City Manager Department
1,177, 540
1,177, 540
1,365,817
188,277
Marketing & Community Relations
1,632,128
1,747,128
1,720,532
(26,596)
City Attorney
796, 0001
796,000
800,000
W 4,000
City Clerk Department
1,257,526
1,257,526
1,096,733
(160,793)
Human Resources
495,698
589,398
557,015
(32,383)
Pol ice
18,185, 900
18, 208, 800
18, 417, 900
209,100
Fire
8,851,872
9,294,972
10, 039,120
744,148
Community Resources Admin.
880,480
880,480
804,570
(75,910)
Wellness Center Operations
682,102
682,102
829,735
147,633
Recreational Programs & Events
1,088,734
1,384,734
1,564,200
179,466
Code Compliance/Animal Control
1,663,996
1,667,996
1,779,300
' 111,304
Parks Maintenance
3,042,072
3,091,072
4,056,511
965,439
Public Buildings 16
1,390,052
T 1,430,052
M,565,694
F 135,642
Public Works Administration
794,862
794,862
779,773
(15,089)
Public Works Dev. Services
512,960
512,960
529,394
16,434
Streets Department- Traffic
754,768
754,768
857,050
102,282
Engineering Services dL
1,020,756
1,246,156
984,700
(261,456)
Design & Development Admin.
756,824
756,824
784,805
27,981
Planning
744,830
744,830
697,830
(47,000)
Building
1,291,362
1,441,362
1,339,516
(101,846)
The Hub F
1,236,482
1,236,482
1,083,890
(152,592)
Finance
1,595,830
1,595,830
1,686, 720
90,890
Centralized Services
14.447.100
62.116.186
18.794.500
(43.321.686)
Police and Fire: Police and fire contract expenses are incorporated using estimates from the
County of Riverside, final numbers will be reflective of rates once contracts are approved. These
combined budgets are a total of $28,457,020 or 39% of the proposed General Fund budget.
Recreational Programs and Events: Increase in contract services for operations of the Fritz
Burns pool due to staffing costs along with additional programs and events for a full year of
operations following the pandemic. In addition, Council recently approved implementing six
months of five-day operations and six -months of seven-day operations at the X Park, which will
allow for continuance of park operations and increased participation, planning of new programs,
and enhanced events.
Parks Maintenance: Increase is due to the citywide landscape maintenance contract and
utilities, ongoing maintenance costs for parks, and citywide tree removal to identify and remove
potential hazards and ensure safety of residents.
Engineering Services: Decrease is due to one-time budgeted expenses in professional services
for FY 2022/23 and no anticipated reimbursements with the Coachella Valley Association of
Governments (CVAG) for the Avenue 48 Arts and Music Line Project design.
Centralized Services_- This department budget captures citywide expenses. Annually this
division's budget fluctuates most because it captures large one-time expenses such as pension
and OPEB (Other Post -Employment Benefits) trust contributions, building improvements, land
acquisition, and capital improvement carryovers for multi -year projects.
The FY 2023/24 annual pension liability contribution of $930,000, which is a year -over -year
decrease of $311,600 covers the Classic Tier, as Tier 2 and PEPRA have been paid in full. In
FY 2023/24, the City approved an additional discretionary payment of $10.2 million to pay down
the current balance of the City's unfunded pension obligations. This action places the City in a
secure financial position as we navigate through the changing economic climate.
To continue the City's efforts of staff development and succession planning, managing PERS
increases, responding to labor market adjustments, and to address staffing needs, an increase
of $600,000 is recommended to execute these principles.
INTERNAL SERVICE FUNDS (ISF)
ISF are used to account for activities involved in rendering services to departments within the
City. Costs of materials and services used are accumulated in these funds and charged to user
departments based on personnel and large equipment assigned to each. The following is a
summary of expenses by ISF:
INTERNAL SERVICE FUNDS SUMMARY
Current
Proposed
Fund
FY 22/23
FY 23/24
Variance
Equipment Replacement
2,214,714
1,448,750
(765,964)
Information Technology
2,358,054
2,931,062
573,008
Park Equipment
1,618,000
2,242,200
624,200
Insurance Fund
984,100
1,118,000
133,900
Equipment Replacement Fund — The decrease in this fund is to a reduction vehicle lease costs
due to the City's vehicle purchase program coupled with two anticipated vehicle purchases for
this fiscal year compared to ten vehicles from the prior year.
Information Technology Fund — An increase in software implementation is to account for a Public
Works asset management software that will assist with managing preventative maintenance to
extend the useful life of fleet, infrastructure, and facilities along with maximizing inventory
efficiency. In addition, a request to replace machinery and equipment for upgrades to aging
inventory.
Park Equipment Fund — The increase of $624,200 will assist the City with prioritizing the
community needs of upgrading citywide parks. Improvements include shade canopy
replacements, benches, drinking fountains, and upgraded playground and fitness equipment.
Insurance Fund — An overall increase of $133,900 is due to the estimated insurance premiums
provided by California Joint Powers Authority (CJPIA), final projections will be provided at budget
adoption.
MEASURE G SALES TAX
Measure G sales tax revenue is anticipated to be $15,700,000 and is allocated as presented
below in the proposed budget. The Financial Advisory Commission will be reviewing the
proposed uses of Measure G revenues at the June 7t" meeting.
M- MEASURE G SALES TAX SUMMARY
Measure G Sales Tax Revenue $ 15,700,000
Public Safety (5,100,000)
Capital Improvements (6,600,000)
Available for Appropriation $ 4,000,000
REDEVELOPMENT LOAN REPAYMENT
The City's Last and Final Recognized Obligation Payment Schedule (ROPS) for the Successor
Agency (former Redevelopment Agency) includes an annual loan repayment. For 2023/24 the
total loan repayment is $3,437,076 which is allocated 80% to the General Fund ($2,749,661)
and 20% ($687,415) to the Housing Authority Fund. These revenues will be recognized in
unassigned reserves in each fund and are not allocated to current expenses. The final loan
repayment is scheduled for FY 2029/30. Remaining outstanding loan repayments after 2023/24
total $21,679,735.
PUBLIC PARTICIPATION
The budget is a puzzle put together to deliver city services to residents and visitors alike.
Community input is greatly appreciated and necessary to ensure an inclusive budget. It is our
goal to use citizen input and feedback to develop the annual budget. The Financial Advisory
Commission provides oversight of Measure G funds and assists with reviewing the 2023/24
operating and capital improvement budgets.
To encourage citizen participation in public meetings the 2023/24 budget schedule is available
on the City's website and is noted below:
https://www.laguintaca.gov/our-city/city-departments/finance/budget/proposed-budget-2022-
23-timeline
PUBLIC MEETING DATES
FISCAL YEAR 2023/24 BUDGET
2/15/2023
Annual Community Workshop
4/4/2023
City Council Meeting - Proposed Capital Improvement
Program CIP Study Session
4/5/2023
Financial Advisory Commission Meeting - Proposed Capital
Improvement Program Study Session
5/10/2023
Financial Advisory Commission Meeting - Preliminary General
Fund Expense & Revenue Projections
5/16/2023
City Council Meeting - Budget Study Session #1 - (General
Fund and Internal Service Funds focus
City Council Meeting - Budget Study Session #2 - (All
6/6/2023
Appropriations- General Fund, Internal Service Funds,
Enterprise, and Special Revenue Funds
6/6/2023
Housing Authority Board Meeting - Budget Study Session #1
Housin Funds Only)
6/7/2023
Financial Advisory Commission Meeting - Final review of
ro osed Measure G sales tax uses
6/14/2023
Housing Commission Meeting - Final Review of proposed
Housing Authority Budget
6/20/2023
City Council Meeting - Operating and CIP Budget Adoption
6/20/2023
Housing Authority - Budget Adoption
MEASURE G REVENUE AND USES SUMMARY
MEASURE G REVENUES AND USES SUM
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
2022/23
Budget (Current)
15,500,000
2023/24
Budget (Proposed)
15,700,000
TOTAL $ 92,109,142
MEASURE G USES
Year Reserve
Earned Allocation
Year
Operational
Capital
Reserves Total b Year
2016/17
Eisenhower Dr. Retention Basin
201704MG
750,000
2016/17
X-Park Funding
151609MG
712,650
-
1,462,650
2017/18
Public Safety Fund
300,000
North La Quinta Landscape Improvements
201603MG
1,802,576
Citywide Drainage Enhancements
151612MG
2,407,373
La Quinta Village Road Diet Project
151603MG
1,972,158
2018/19
X-Park Funding
151609MG
147,350
2019/20
Alongi Building Improvements
201806
800,000
2019/20
SilverRock Event Site
201608MG
321,900
2020/21
SilverRock Event Site
201608MG
244,700
2020/21
Alongi Building at SilverRock Event Site
201806
160,000
2020/21
SilverRock Event Site
201608MG
290,000
2020/21
SilverRock Event Site Retention Basin
202007MG
10,000
2020/21
SilverRock Event Site Retention Basin
202007MG
427,250
Measure G Reserves 17/18
1,084,350
9,967,657
2018/19
Public Safety Fund
850,000
Public Safety Contract Services
2,100,000
Citywide Drainage Enhancements
151612MG
194,730
North La Quinta Landscape Improvements
201603MG
2,129,613
SilverRock Event Site
201608MG
1,300,000
Measure G Reserves 18/19
4,383,775
10,958,118
2019/20
Public Safety Contract Services
2,750,000
Corporate Yard Administration/Crew Quarters
2018056MG
411,013
Highway 111 Corridor Improvements
201905MG
1,000,000
North La Quinta Landscape Improvements
201603MG
3,703,369
Village Art Plaza Promenade
201901MG
310,000
Measure G Reserves 19/20
2,136,144
10,310,526
2020/21
Public Safety Contract Services
4,545,000
X-Park Landscaping
151609MG
275,000
Highway 111 Corridor Improvements
201905MG
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
201603MG
1,408,356
Highway 111 Corridor Improvements
201905MG
1,000,000
Fritz Burns Park Improvements
350,000
Allocate Bridge Funding
111205
7,468,061
Measure G Reserves 2021/22
226,385
15,615,802
2022/23
Public Safety Contract Services
5,100,000
Landscape Renovation Improvements
201603MG
500,000
La Quinta Skate Park Conversion
201903MG
500,000
Sports Complex Lighting
202204MG
250,000
Village Underground Utilities Feasibility
202206MG
100,000
ADATransition Plan Update
202209MG
150,000
Village Parking Lot
202211 MG
500,000
Phase II Public Safety Camera System
202213MG
1,797,000
Smart Infrastructure Feasibility
202213MG
250,000
Highway 111 Corridor Improvements
201905MG
1,000,000
Sports Complex Lighting Additional Funding Approved 1/17/2023
2022-04
50,000
Measure G Reserves 2022/23
5,303,000
15,500,000
2023/24
Public Safety Contract Services
5,100,000
Highway 111 Corridor Improvements
201905MG
1,000,000
Avenue 48 Art and Music Line
202008MG
2,400,000
Fritz Burns Park Improvements
202102MG
1,500,000
Highway 111 Event Site
202304MG
500,000
Washington St. Connector to Art & Music Line
202309MG
1,200,000
Measure G Reserves 2023/24
4,000,000
15,700,000
TOTAL
$ 20,808,000 $
41,543,099 $
24,658,043 $ 92,109,142
24 %
48 %
28
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J� l' •4I 2
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Proposed Budget
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THIS PAGE INTENTIONALLY LEFT BLANK
CITY OF LA QUINTA
FY 2023/24 PROPOSED BUDGET
The annual budget process coordinates the allocation of city revenues for essential
services such as police and fire, community programs and events, and capital
improvement projects.
The City invites you to participate and/or track public meetings regarding the fiscal year
2023/24 budget. Proposed public meeting dates are summarized below and as
meetings occur budget information presented will be available online on a dedicated City
webpage within the Finance Department at:
https://www.laquintaca.gov/our-city/city-departments/finance/budget/proposed-budget-
2023-24-timeline
Questions regarding the fiscal year 2023/24 budget may be directed to
finance@laquintaca.gov or by calling 760-777-7055.
PUBLIC MEETING DATES
FISCAL YEAR 2023/24 BUDGET
2/15/2023
Annual Community Workshop
4/4/2023
City Council Meeting - Proposed Capital Improvement Program
CIP Study Session
4/5/2023
Financial Advisory Commission Meeting - Proposed Capital
Improvement Program Study Session
5/10/2023
Financial Advisory Commission Meeting - Preliminary General
Fund Ex ense & Revenue Projections
5/16/2023
City Council Meeting - Budget Study Session #1 - (General Fund
and Internal Service Funds focus
City Council Meeting - Budget Study Session #2 - (All
6/6/2023
Appropriations- General Fund, Internal Service Funds,
Enterprise, and Special Revenue Funds)
6/6/2023
Housing Authority Board Meeting - Budget Study Session #1
(Housing Funds Only)
6/7/2023
Financial Advisory Commission Meeting - Final review of
proposed Measure G sales tax uses
6/14/2023
Housing Commission Meeting - Final Review of proposed
Housing Authority Budget
6/20/2023
City Council Meeting - Operating and CIP Budget Adoption
6/20/2023
Housing Authority - Budget Adoption
CITY OF LA QUINTA
FY 2023/24 PROPOSED BUDGET
ESTIMATED CURRENT RESOURCES:
REVENUES:
TAXES
LICENSES & PERMITS
INTERGOVERNMENTAL
CHARGES FOR SERVICES
FINES & ASSESSMENTS
OTHER/MISCELLANEOUS
ESTIMATED CURRENT REQUIREMENTS:
EXPENDITURES:
CITY COUNCIL
CITY MANAGER
CITY MANAGER
MARKETING/COMMUNITY RELATIONS
CITY ATTORNEY
CITY CLERK
COMMUNITY RESOURCES (CR)
HUMAN RESOURCES
POLICE
FIRE
CR ADMINISTRATION
WELLNESS CENTER OPERATIONS
RECREATION PROGRAMS/SPECIAL EVENTS
CODE COMPLIANCE/ANIMAL CONTROL
PUBLIC WORKS
PARKS MAINTENANCE
PUBLIC BUILDINGS
PUBLIC WORKS ADMINISTRATION
DEVELOPMENT SERVICES
STREETS- TRAFFIC
ENGINEERING SERVICES
DESIGN & DEVELOPMENT
D&D ADMINISTRATION
PLANNING
BUILDING
THE HUB
FISCAL SERVICES
FINANCE
CENTRAL SERVICES (Includes CIP)
PRELIMINARY BUDGET SURPLUS
LESS MEASURE G SALES TAX RESERVES
1,365,817
1,720,532
557,015
18,417,900
10,039,120
804,570
829,735
1,564,200
1,779,300
4,056,511
1,565,694
779,773
529,394
857,050
984,700
784,805
697,830
1,339,516
1,083,890
1,686,720
18,794,500
$ 62,630,000
2,521,300
9,178,000
963,200
465,500
2,720,100
$ 304,500
3,086,349
800,000
1,096,733
33,991, 840
8,773,122
3,906,041
20,481,220
$ 6,038,295
(4,000,000
ra
CITY OF LA QUINTA GENERAL FUND REVENUE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 22/23
in Budget
310 - Tax Revenues
101-0000-40310
Property Tax Revenue
2,741,127
2,890,000
3,015,000
1,747,287
3,200,000
185,000
6%
101-0000-40311
No -Low City Property Ta>
4,805,049
4,845,000
4,945,000
3,028,555
4,985,000
40,000
1%
101-0000-40315
RPTTF Pass Through
2,128,498
2,180,000
2,705,000
1,408,874
2,860,000
155,000
6%
101-0000-41320
State Sales Tax
12,589,104
11,000,000
12,250,000
7,287,764
12,700,000
450,000
4%
101-0000-41326
Measure G Sales Tax
15,615,802
13,500,000
15,500,000
9,162,848
15,700,000
200,000
1%
101-0000-41327
Document Transfer Tax
1,352,585
650,000
650,000
488,856
650,000
0
0%
101-0000-41400
TOT - Hotels
9,448,099
7,300,000
7,300,000
5,433,371
8,700,000
1,400,000
19%
101-0000-41401
TOT - Short Term Vac. Ri
7,144,654
5,000,000
5,000,000
3,857,790
5,800,000
800,000
16%
101-0000-41402
TOT - Bed and Breakfast
104,426
100,000
100,000
53,364
90,000
(10,000)
-10%
101-0000-41416
TOT - Resort Fees
358,422
375,000
375,000
239,367
375,000
0
0%
101-0000-41505
Franchise Taxes - Burrtec
966,467
1,000,000
1,000,000
682,581
1,050,000
50,000
5%
101-0000-41508
Southern California Gas F
206,498
160,000
160,000
0
200,000
40,000
25%
101-0000-41509
Cable Television Franchis
676,143
660,000
660,000
334,243
675,000
15,000
2%
101-0000-41510
Communications Franchi<
210,081
275,000
275,000
100,327
200,000
(75,000)
-27%
101-0000-41800
Property Tax in Lieu of VI
4,663,327
5,011,700
5,011,700
2,574,688
5,445,000
433,300
9%
310 - Tax Revenues Totals:
63,010,284
54,946,700
58,946,700
36,399,915
62,630,000
3,683,300
6%
320 - Licenses &
Permits
101-0000-41411
STVR Inspection Fee
1,300
2,000
2,000
1,950
2,000
0
0%
101-0000-41415
STVR Registration Fee
1,022,050
900,000
900,000
800,250
940,000
40,000
4%
101-0000-41600
Business Licenses
378,882
340,000
340,000
347,043
350,000
10,000
3%
101-0000-41602
STVR Business Licenses
57,824
40,000
40,000
43,882
60,000
20,000
50%
101-0000-41610
Film Permits
1,428
2,000
2,000
884
1,500
(500)
-25%
101-0000-42400
Building Permits
1,185,352
600,000
800,000
575,774
315,000
(485,000)
-61%
101-0000-42401
Plumbing Permits
201,028
90,000
140,000
93,826
72,000
(68,000)
-49%
101-0000-42402
Mechanical Permits
198,643
100,000
140,000
96,396
81,000
(59,000)
-42%
101-0000-42403
Electrical Permits
159,331
80,000
130,000
96,925
61,000
(69,000)
-53%
101-0000-42404
Miscellaneous Permits
312,182
200,000
300,000
261,436
170,000
(130,000)
-43%
101-0000-42405
Garage Sale Permits
5,670
6,000
6,000
3,540
5,000
(1,000)
-17%
101-0000-42408
Grading Permits
66,928
15,000
30,000
31,536
20,000
(10,000)
-33%
101-0000-42420
Fire Plan Review Fee
99,228
65,000
65,000
53,856
65,000
0
0%
101-0000-42421
Fire Inspection Fee
119,607
60,000
110,000
112,647
100,000
(10,000)
-9%
101-0000-42430
Transportation Permits
1,151
2,000
2,000
562
2,000
0
0%
101-0000-42431
Conditional Use Permits
29,573
15,000
75,000
63,591
21,000
(54,000)
-72%
101-0000-42433
Minor Use Permit
13,564
8,700
8,700
2,668
3,000
(5,700)
-66%
101-0000-42434
Sign Permit
26,161
16,500
29,500
23,868
17,000
(12,500)
-42%
101-0000-42435
Site Development Permit
72,028
50,000
50,000
66,619
55,000
5,000
10%
101-0000-42436
Final Landscaping Plans
24,901
12,000
12,000
10,732
10,000
(2,000)
-17%
101-0000-42437
Development Agreement
3,446
1,000
1,000
0
6,800
5,800
580%
101-0000-42439
Temporary Use Permit
36,588
10,000
10,000
1,242
3,000
(7,000)
-70%
101-0000-43632
Public Works Permits
493,861
200,000
200,000
137,068
150,000
(50,000)
-25%
101-0000-43638
NPDES Inspections
10,697
8,000
8,000
9,655
11,000
3,000
38%
2,521,300
(879,900)
-26%
320 - Licenses
& Permits Totals:
4,521,424
2,823,200
3,401,200
2,835,948
330 - Intergovernmental
101-0000-42500
Fire Service Credit
7,587,538
7,600,000
7,600,000
599,680
9,000,000
1,400,000
18%
101-0000-42501
Fire Service Reserves
561,645
0
0
0
0
0
0%
CITY OF LA QUINTA GENERAL FUND REVENUE DETAILS FY 2023/24 PROPOSED BUDGET
101-0000-43100 FEMA
101-0000-43633 CSA 152 Assessments
101-0000-43650 Contributions from Other
330 - Intergovernmental Totals:
340 - Charges for Services
101-0000-42200
Leisure Enrichment
101-0000-42210
Youth Sports
101-0000-42211
Adult Sports
101-0000-42212
Facility Rentals
101-0000-42213
Special Events
101-0000-42214
Wellness Center Leisure 1
101-0000-42216
Wellness Center Special 1
101-0000-42218
Wellness Center Member:
101-0000-42300
Cash Over/Short
101-0000-42303
NSF Charges
101-0000-42412
Minor Adjustment, Plan C
101-0000-42415
Tentative Tract Map
101-0000-42416
Digitization/Records Man,
101-0000-42417
Modification by Applicant
101-0000-42440
Appeals - Permits, Licens
101-0000-42441
Planning Compliance Rev
101-0000-42443
Zone Change
101-0000-42445
Environmental Assessme
101-0000-42446
General Plan Amendment
101-0000-42447
Home Occupations
101-0000-42448
Tentative Parcel Map
101-0000-42451
Specific Plan
101-0000-42460
Pre -Application Review
101-0000-42600
Building Plan Check Fees
101-0000-42610
SMIP Fees
101-0000-42615
CBSC Administrative Fee:
101-0000-42810
Public Works Dev. Plan C
101-0000-43631
CVMSHCP Admin Fee
101-0000-43635
VGPS TBID Admin Fee
340 - Charges
for Services Totals:
350 - Fines, Forfeitures & Abatements
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 22 23
in Bud et
24,516
0
0
0
0
0
0%
460,052
250,000
275,000
275,816
175,000
(100,000)
-36%
3,000
3,000
3,000
0
3,000
0
0%
8,636,751
7,853,000
7,878,000
875,495
9,178,000
1,300,000
17%
11,658
35,000
35,000
10,271
11,000
(24,000)
-69%
41,045
40,000
40,000
28,925
40,000
0
0%
5,755
1,000
1,000
4,877
5,000
4,000
400%
7,301
35,000
35,000
7,459
10,000
(25,000)
-71%
0
10,000
10,000
0
5,000
(5,000)
-50%
12,652
20,000
20,000
12,986
10,000
(10,000)
-50%
(105)
1,000
1,000
0
1,000
0
0%
52,260
75,000
75,000
59,308
50,000
(25,000)
-33%
1,363
0
0
0
0
0
0%
25
400
400
25
100
(300)
-75%
28,324
3,000
3,000
20,732
20,000
17,000
567%
25,414
25,000
25,000
23,618
20,000
(5,000)
-20%
53,188
30,000
30,000
39,764
30,000
0
0%
5,712
2,500
2,500
1,975
2,500
0
0%
1,725
3,000
3,000
500
1,500
(1,500)
-50%
0
0
0
0
500
500
0%
21,772
10,000
10,000
1,416
10,500
500
5%
5,635
5,000
5,000
11,729
7,000
2,000
40%
10,465
10,000
10,000
11,379
11,000
1,000
10%
10,039
11,000
11,000
5,132
7,000
(4,000)
-36%
5,224
10,000
10,000
8,753
10,000
0
0%
4,946
10,000
10,000
0
12,000
2,000
20%
11,798
5,000
5,000
4,668
8,000
3,000
60%
929,874
526,000
726,000
596,986
500,000
(226,000)
-31%
554
600
600
234
500
(100)
-17%
410
600
600
0
600
0
0%
334,644
180,000
240,000
170,360
160,000
(80,000)
-33%
8,603
2,000
2,000
3,020
2,500
500
25%
35,057
30,000
30,000
9,931
27,500
(2,500)
-8%
1,625,339
1,081,100
1,341,100
1,034,048
963,200
(377,900)
-28%
101-0000-42700
Administrative Citations
400,708
180,000
240,000
199,705
240,000
0
0%
101-0000-42701
Lot Abatement
188
5,000
5,000
931
5,000
0
0%
101-0000-42702
Vehicle Abatement
47,293
35,000
35,000
30,568
35,000
0
0%
101-0000-42703
Vehicle Impound Fee
50,870
65,000
65,000
47,676
65,000
0
0%
101-0000-42705
Motor Vehicle Code Fines
62,927
100,000
100,000
41,518
60,000
(40,000)
-40%
101-0000-42706
Parking Violations
29,183
40,000
40,000
15,269
35,000
(5,000)
-13%
101-0000-42707
Misc Fines
9,413
8,000
8,000
721
1,500
(6,500)
-81%
101-0000-42708
Graffiti Removal
8,675
9,000
9,000
0
9,000
0
0%
101-0000-42709
False Alarm Fees - Police
32,295
15,000
15,000
20,529
10,000
(5,000)
-33%
4
CITY OF LA QUINTA GENERAL FUND REVENUE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
ProDosed
Current 22 23
in Budget
101-0000-42710 False Alarm Fees - Fire 16,038
5,000
5,000
12,679
5,000
0
0%
- Fines, Forfeitures & Abatements Totals: 657,589
462,000
522,000
369,596
465,500
(56,500)
-11%
360 - Use of Money & Property
101-0000-41900 Allocated Interest
931,973
400,000
400,000
(86,142)
1,700,000
1,300,000
325%
101-0000-41910 GASB 31 Interest
(3,964,823)
0
0
0
0
0
0%
101-0000-41930 Interest Revenue
47,795
0
0
0
0
0
0%
101-0000-42120 Lease Revenue
153,367
155,000
155,000
111,973
160,000
5,000
3%
360 - Use of Money & Property Totals:
(2,831,688)
555,000
555,000
25,831
1,860,000
1,305,000
235%
370 - Miscellaneous
101-0000-41410
Zoning Change Mitigatior
287,773
400,000
700,000
967,371
550,000
(150,000)
-21%
101-0000-41504
AMR Compliance
21,632
20,000
20,000
0
20,000
0
0%
101-0000-41507
Burrtec Admin Cost Reim
181,278
120,000
120,000
66,614
110,000
(10,000)
-8%
101-0000-42000
Insurance Recoveries
3,448
5,000
5,000
27,865
5,000
0
0%
101-0000-42140
Sales of Publications & M
30
100
100
640
100
0
0%
101-0000-42301
Miscellaneous Revenue
3,557
5,000
5,000
76,761
60,000
55,000
1,100%
101-0000-42305
Miscellaneous Reimburse
62,243
50,000
50,000
72,039
75,000
25,000
50%
101-0000-43505
Credit Card Fee Revenue
0
0
0
39,252
40,000
40,000
0%
101-0000-45000
Sale of Other Assets
1,486
0
0
24,813
0
0
0%
101-0000-48500
Extraordinary Gain
487,613
0
0
0
0
0
0%
370 - Miscellaneous Totals:
1,049,059
600,100
900,100
1,275,355
860,100
(40,000)
-40/o
380 - Transfers In
101-0000-49500 Transfers In 0 0 5,000,000 5,000,000 I 0 (5,000,000) -100%
380 - Transfers In Totals: 0 0 5,000,000 5,000,000 0 (5,000,000) -1000/0
76,668,758 68,321,100 78.544,100 47,816,188 I 78.478,100 (66,000) 00/0
CITY OF LA QUINTA GENERAL FUND BUDGET NOTES FY 2023/24 PROPOSED BUDGET
Fund: 101 - GENERAL FUND
101-0000-40310 Property Tax Revenue
3,200,000.00
Property tax estimates are provided by HdL consulting services.
Actual valuation changes due to the annual 2% Proposition 13
increase, as well as transfers of ownership are included, but
completed new construction is not (unless the property was
completed and sold in 2022). The City participates in the
Teeter program, therefore no delinquencies are assumed.
101-0000-41320 State Sales Tax 12,700,000.00
Bradley Burns (local share of state sales tax) is 1% of the
current sales tax rate (8.75%). HdL consulting services budget
estimates are factored into projections along with reviews of
industry and economic reports and local trends.
101-0000-41326 Measure G Sales Tax 15,700,000.00
Transaction and use sales tax is 1% of the current sales tax
rate (8.75%) and is also known as Measure G. Online
transactions, as well as big -ticket consumer goods delivered to
local addresses drive this number.
101-0000-41400 TOT - Hotels 8,700,000.00
Transient occupancy tax for hotels is 11%. Leisure and
hospitality make up 25% of the employment sector in the
Coachella Valley and is anticipated to remain strong in the
upcoming year due to increased events valleywide.
101-0000-41401 TOT - Short Term Vac. Rentals 5,800,000.00
Transient occupancy tax for short-term vacation rentals (STVR)
is 10%. Consumer demand for STVRs continues to be strong.
101-0000-41402 TOT - Bed and Breakfast 90,000.00
Transient occupancy tax for bed and breakfast is 10%.
CITY OF LA QUINTA GENERAL FUND BUDGET NOTES
FY 2023/24 PROPOSED BUDGET
101-0000-41410 Zoning Change Mitigation Fees 550,000.00
Fees are charged based on development agreements, whereby
former commercial property was converted to housing
developments and mitigation fees cover lost revenue from the
change in development type.
101-0000-41415 STVR Registration Fee 940,000.00
Short-term vacation rental registration fees are updated
annually with the City's Master Fee Schedule update.
101-0000-41416 TOT - Resort Fees 375,000.00
TOT levied on resort fees which are charged by some hotels.
The City provides an annual incentive rebate program for
hotels collecting TOT on resort fees. Rebate programs are
budgeted in Centralized Services.
101-0000-41505 Franchise Taxes - Burrtec 1,050,000.00
Burrtec Franchise Fee is based on an agreement with the City
and is adjusted annually on January 1st per a consumer price
index.
101-0000-41507 Burrtec Admin Cost Reimburse 110,000.00
Base amount of $108,000 adjusted annually on January 1 by
the change in the Consumer Price Index (CPI) and ending on
6/30/2037.
101-0000-41800 Property Tax in Lieu of VLF 5,445,000.00
Property tax in lieu of vehicle license fee (VLF) is derived from
the 2004 property tax swap whereby cities receive property tax
allocation in lieu of VLF's. The VLF allocation can change
annually based on the percent increase in property valuations.
CITY OF LA QUINTA GENERAL FUND BUDGET NOTES
FY 2023/24 PROPOSED BUDGET
101-0000-41900 Allocated Interest 1,700,000.00
Interest rates are anticipated to continue to increase
throughout FY 2023/24 as the Federal Reserve is forecasted to
raise rates in an attempt to curb inflation. Maturing securities
will be reinvested at potentially higher rates and the Local
Aaencv Investment Fund (LAIF) vield will rise as well.
101-0000-42200 Leisure Enrichment 11,000.00
Various leisure enrichment activity revenues were reduced to
pre -pandemic amounts, the City is working on building
addtional programming.
101-0000-42218 Wellness Center Memberships 50,000.00
The Wellness Center is working on building back memberships
and expanding services to seven-day operations. Membership
fees are limited to new members.
101-0000-42420 Fire Plan Review Fee 65,000.00
Fire Plan Reviews are conducted in-house by Riverside County
Fire Inspectors.
101-0000-42421 Fire Inspection Fee 100,000.00
Fire Inspections are conducted in-house by Riverside County
Fire Inspectors.
101-0000-42440 Appeals - Permits, Licenses, Pr 1,500.00
Appeals for permits, licenses, and violations are captured in
this revenue line item.
101-0000-42500 Fire Service Credit 9,000,000.00
Property tax revenue restricted for fire services.
101-0000-42709 False Alarm Fees - Police 10,000.00
False alarm fees are expected to decrease due to City'F8efforts
on education and notifications regarding fire alarms.
CITY OF LA QUINTA GENERAL FUND BUDGET NOTES FY 2023/24 PROPOSED BUDGET
101-0000-43633
CSA 152 Assessments
175,000.00
Annual revenue generated through property tax collection and
held by the County until reimbursements for qualified
expenditures are submitted by the City.
101-0000-43650 Contributions from Other Agen 3,000.00
The approved Last and Final Recognized Obligation Payment
Schedule (ROPS) includes an annual administrative fee
reimbursement for the City to perform the wind down activities
associated with the former Redevelopment Agency.
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CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
1001 - City Council
50 - Salaries and Benefits
101-1001-50108
Salaries - Council Membe
144,388
144,000
144,000
116,802
144,000
0
0%
101-1001-50150
Other Compensation
2,407
2,400
2,400
1,927
2,400
0
0%
101-1001-50200
PERS-City Portion
9,506
9,600
9,600
7,693
10,800
1,200
13%
101-1001-50221
Medical Insurance
56,887
123,800
123,800
54,747
95,700
(28,100)
-27%
101-1001-50222
Vision Insurance
552
0
0
464
0
0
0%
101-1001-50223
Dental Insurance
3,016
0
0
1,977
0
0
0%
101-1001-50224
Life Insurance
369
0
0
261
0
0
0%
101-1001-50230
Workers Comp Insurance
10,500
10,500
10,500
5,250
10,500
0
0%
101-1001-50240
Social Security -Medicare
2,093
5,600
5,600
1,693
5,600
0
0%
101-1001-50241
Social Security -FICA
3,432
0
0
2,774
0
0
0%
50 -
Salaries and Benefits Totals:
233,149
295,900
295,900
193,587
269,000
(26,900)
-100/0
62 - Maintenance & Operations
101-1001-60137 Community Special Eveni
9,181
40,000
40,000
42,373
20,000
(20,000)
-200%
101-1001-60320 Travel & Training
8,407
15,000
15,000
17,695
15,000
0
0%
101-1001-60420 Operating Supplies
415
500
500
213
500
0
0%
62 - Maintenance & Operations Totals:
18,004
55,500
55,500
60,281
35,500
(20,000)
-78%
1001 - City Council Totals: 251,153 351,400 351,400 253,868 304,500 (46,900) -16%
ill
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
Department : 1001 - City Council
101-1001-60137 Community Special Events
Annual City open house
State of the City
101-1001-60320 Travel & Training
20,000.00
15,000.00
League of CA Cities- Annual conference and legislative action
days
HE
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
1002 - City Manager
50 - Salaries and Benefits
101-1002-50101
Permanent Full Time
392,288
404,940
404,940
459,018
532,397
127,457
34%
101-1002-50105
Salaries - Overtime
43
0
0
0
0
0
0%
101-1002-50150
Other Compensation
867
900
900
867
900
0
0%
101-1002-50200
PERS-City Portion
29,015
33,900
33,900
31,933
45,400
11,500
36%
101-1002-50215
Other Fringe Benefits
8,000
10,000
10,000
11,420
35,720
25,720
257%
101-1002-50221
Medical Insurance
51,411
74,300
74,300
65,873
95,700
21,400
34%
101-1002-50222
Vision Insurance
527
0
0
616
0
0
0%
101-1002-50223
Dental Insurance
3,197
0
0
3,843
0
0
0%
101-1002-50224
Life Insurance
177
0
0
226
0
0
0%
101-1002-50225
Long Term Disability
1,954
2,400
2,400
2,480
3,300
900
50%
101-1002-50230
Workers Comp Insurance
7,100
7,100
7,100
3,550
7,100
0
0%
101-1002-50240
Social Security -Medicare
5,805
5,800
5,800
6,772
7,600
1,800
33%
50 -
Salaries and Benefits Totals:
500,384
539,340
539,340
586,596
728,117
188,777
38%
60 - Contract Services
101-1002-60101 Contract Services - Admi
101-1002-60103 Professional Services
60 - Contract Services Totals:
62 - Maintenance & Operations
101-1002-60320 Travel & Training
101-1002-60351 Membership Dues
101-1002-60352 Subscriptions & Publicati<
101-1002-60400 Office Supplies
101-1002-60420 Operating Supplies
62 - Maintenance & Operations Totals:
45,885 100,000 100,000 50,136
43,435 45,000 45,000 38,406
100,000 0 0%
45,000 0 0%
89,320 145,000 145,000 88,542 145,000 0 00/0
4,358
6,000
6,000
5,181
6,000
0
0%
88,535
105,000
105,000
101,453
105,000
0
0%
825
2,000
2,000
850
2,000
0
0%
1,377
1,000
1,000
1,174
1,500
500
50%
879
1,000
1,000
808
0
(1,000)
-100%
95,974
115,000
115,000
109,466
114,500
(500)
00/0
64 - Other Expenses
101-1002-60510 Contingency for Operatio 46,000 300,000 300,000 35,868 I 300,000 0 0%
64 - Other Expenses Totals: 46,000 300,000 300,000 35,868 300,000 0 00/0
69 - Internal Service Charges
101-1002-98110 Information Tech Charge 64,900 78,200 78,200 39,100 I 78,200 0 0%
69 - Internal Service Charges Totals: 64,900 78,200 78,200 39,100 78,200 0 00/0
1002 - City Manager Totals: 796,578 1,177,540 1,177,540 859,573 1,365,817 188,277 17%
12
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
Department : 1002 - City Manager
101-1002-50101 Permanent Full Time
101-1002-60101
101-1002-60103
101-1002-60320
101-1002-60351
101-1002-60352
532,397.00
80% - City Manager (20% Housing Fund)
60% - Director- Business Unit & Housing Development (40%Housing Fund)
100% - Management Specialist (2)
40% - Management Specialist (60% Housing Fund)
20% - Management Assistant (80% Housing Fund)
Contract Services - Administra 100,000.00
Legislative lobbying services
Economic development services
Professional Services 45,000.00
Title and appraisal services and property surveys
Waste management for special events
Travel & Training 6,000.00
League of California Cities (LCC)
Regional meetings & miscellaneous training such as:
Coachella Valley Association of Governments (CVAG),
California Cities/Counties Mgmt Foundation (CCMF), and
Southern CA Association of Governments (SCAG1
Membership Dues
105,000.00
International City/County Mgmt Association (ICMA)
League of CA Cities (LCC) - Riverside
California Cities/Counties Mgmt Foundation (CCMF)
Coachella Valley Association of Governments (CVAG)
National League of Cities (NLC)
Southern CA Association of Governments (SCAG1
Subscriptions & Publications 2,000.00
Property analysis and grant solutions 13
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
3007 - Marketing & Community Relations
50 - Salaries and Benefits
101-3007-50101
Permanent Full Time
177,741
195,228
195,228
96,791
122,932
(72,296)
-40%
101-3007-50200
PERS-City Portion
12,707
14,300
14,300
6,982
9,200
(5,100)
-36%
101-3007-50215
Other Fringe Benefits
0
0
0
950
1,300
1,300
0%
101-3007-50221
Medical Insurance
37,931
49,500
49,500
16,809
24,000
(25,500)
-61%
101-3007-50222
Vision Insurance
430
0
0
143
0
0
0%
101-3007-50223
Dental Insurance
2,123
0
0
1,263
0
0
0%
101-3007-50224
Life Insurance
95
0
0
52
0
0
0%
101-3007-50225
Long Term Disability
925
1,300
1,300
586
800
(500)
-50%
101-3007-50230
Workers Comp Insurance
4,200
4,200
4,200
2,100
4,200
0
0%
101-3007-50240
Social Security -Medicare
2,577
2,800
2,800
1,404
1,800
(1,000)
-37%
50 -
Salaries and Benefits Totals:
238,729
267,328
267.328
127.081
164.232
(103,096)
-42%
60 - Contract Services
101-3007-60134 Promotional Items
0
70,000
90,000
41,596
90,000
0
0%
101-3007-60137 Community Engagement
5,408
10,700
10,700
4,932
10,700
0
0%
101-3007-60151 VGPS - Visit Greater Paln
431,225
323,500
323,500
337,620
390,000
66,500
16%
60 - Contract Services Totals:
436,633
404,200
424,200
384,148
490,700
66,500
150/0
62 - Maintenance & Operations
101-3007-60320
Travel & Training
101-3007-60351
Membership Dues
101-3007-60410
Printing
101-3007-60420
Operating Supplies
101-3007-60450
Sponsorships/Advertising
101-3007-60461
Marketing & Tourism Proi
62 - Maintenance
& Operations Totals:
4,851
8,000
8,000
2,836
8,000
0
0%
9,004
10,000
10,000
6,992
10,000
0
0%
7,753
20,000
30,000
18,955
30,000
0
0%
1,121
1,600
1,600
1,619
1,600
0
0%
39,359
25,000
40,000
35,195
50,000
10,000
40%
613,693
850,000
920,000
516,450
920,000
0
0%
675,781 914,600 1,009,600 582,047 1,019,600 10,000 10/0
69 - Internal Service Charges
101-3007-98110 Information Tech Charge 38,200 46,000 46,000 23,000 I 46,000 0 0%
69 - Internal Service Charges Totals: 38,200 46,000 46,000 23,000 46,000 0 00/0
Marketing & Community Relations Totals: 1,389,343 1,632,128 1,747,128 1,116,276 1,720,532 (26,596) -20/o
14
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
Department : 3007 - Marketing & Community Relations
101-3007-50101 Permanent Full Time
101-3007-60134
101-3007-60137
101-3007-60151
101-3007-60320
100% - Marketing Manager
Promotional Items
For community engagement and special events
Community Engagement
Community workshop and City events
VGPS - Visit Greater Palm Spri
122,932.00
90,000.00
10,700.00
390,000.00
Payment of transient occupancy tax (TOT) to Visit Greater Palm
Springs (VGPS) for a percentage all TOT revenue collected to
jointly encourage, promote, and attract visitors to the
Coachella Valley.
0015 of gross rental revenue for non -convention TOT
0035 of gross rental revenue for convention TOT
Travel & Training 8,000.00
Visit CA - travel destination conference
CalTravel - travel destination conference
15
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES
FY 2023/24 PROPOSED BUDGET
101-3007-60351 Membership Dues 10,000.00
Coachella Valley Economic Partnership (CVEP), CA Association
of Public Information Officers (CAPIO), Cal Travel, Public
Relations Society of America (PRSA), Mail Chimp, and Ragan
Communications
101-3007-60410 Printing 30,000.00
Citywide business cards, event signs, and banners
101-3007-60450 Sponsorships/Advertising 50,000.00
Sponsorships - CVEP Summit, Modernism Week, National Date
Festival
101-3007-60461 Marketing & Tourism Promotio 920,000.00
Photography, Chamber of Commerce Contract, Video,
Commercials, Marketing Contracts, Marketing Efforts, Music
Licensing, Palm Springs Life Vision, and State of the City
IN
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CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22 2022/23 2022/23 2022/23 2023/24 23/24 vs. % Change
Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 22/23 in Budget
1003 - City Attorney
60 - Contract Services
101-1003-60153 Attorney 325,696 646,000 646,000 185,362 650,000 4,000 1%
101-1003-60154 Attorney/Litigation 44,492 150,000 150,000 23,271 150,000 0 0%
60 - Contract Services Totals: 370,189 796,000 796,000 208,633 800,000 4,000 1%
1003 - City Attorney Totals: 370,189 796,000 796,000 208,633 800,000 4,000 1%
17
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CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
1005 - City Clerk
50 - Salaries and Benefits
101-1005-50101
Permanent Full Time
313,532
454,818
454,818
337,158
466,155
11,337
4%
101-1005-50105
Salaries - Overtime
50
0
0
0
5,000
5,000
0%
101-1005-50150
Other Compensation
937
500
500
663
500
0
0%
101-1005-50200
PERS-City Portion
29,322
40,400
40,400
30,324
44,000
3,600
13%
101-1005-50215
Other Fringe Benefits
0
0
0
4,750
7,670
7,670
0%
101-1005-50221
Medical Insurance
64,835
146,000
146,000
70,184
141,000
(5,000)
-6%
101-1005-50222
Vision Insurance
711
0
0
648
0
0
0%
101-1005-50223
Dental Insurance
2,878
0
0
3,073
0
0
0%
101-1005-50224
Life Insurance
217
0
0
281
0
0
0%
101-1005-50225
Long Term Disability
1,679
2,700
2,700
2,024
2,800
100
6%
101-1005-50230
Workers Comp Insurance
8,200
12,300
12,300
6,150
12,300
0
0%
101-1005-50240
Social Security -Medicare
4,838
6,500
6,500
4,999
6,500
0
0%
101-1005-50241
Social Security -FICA
1,020
0
0
142
0
0
0%
101-1005-50251
Temporary
18,425
40,000
40,000
5,222
15,000
(25,000)
-100%
50 - Salaries and Benefits Totals:
446,644
703,218
703,218
465,619
700,925
(2,293)
00/0
60 - Contract Services
101-1005-60103 Professional Services 36,524 345,000 345,000 110,876 200,000 (145,000) -161%
101-1005-60125 Temporary Agency Servi( 11,533 40,000 40,000 0 25,000 (15,000) -125%
60 - Contract Services Totals: 48,057 385,000 385,000 110,876 225,000 (160,000) -157%
62 - Maintenance & Operations
101-1005-60320
Travel & Training
101-1005-60351
Membership Dues
101-1005-60400
Office Supplies
101-1005-60410
Printing
101-1005-60420
Operating Supplies
101-1005-60450
Advertising
62 - Maintenance
& Operations Totals
4,500
15,000
15,000
7,068
15,000
0
0%
1,256
2,000
2,000
1,225
2,000
0
0%
2,262
2,500
2,500
1,467
2,500
0
0%
7,183
10,000
10,000
133
10,000
0
0%
990
1,200
1,200
71
1,200
0
0%
1,568
4,000
4,000
7,948
5,500
1,500
38%
17,760
34,700
34,700
17,912
36,200
1,500
6%
69 - Internal Service Charges
101-1005-98110 Information Tech Charge 74,400 134,608 134,608 67,304 I 134,608 0 0%
69 - Internal Service Charges Totals: 74,400 134,608 134,608 67,304 134,608 0 00/0
1005 - City Clerk Totals: 586,861 1,257,526 1,257,526 661,712 1,096,733 (160,793) -24%
18
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
Department : 1005 - City Clerk
101-1005-50101 Permanent Full Time
101-1005-60103
101-1005-60320
101-1005-60351
90% - City Clerk (10% Housing)
100% - Deputy City Clerk
100% - Management Assistant
100% - Administrative Assistant
100% - Permit Technicians (2)
Professional Services
466,155.00
200,000.00
Municipal Code text and online updates
Imaging scanning services
For The Record tech support (DSS Corp)
DigiCert electronic signatures
Ctiywide fee study updates
Insurance compliance
Records legislation, requirements, minute writing services, and
retention updates
STVR programming compliance, analytics & permitting software
Travel & Training
15,000.00
CA City Clerks Association annual conference & seminars
Municipal Clerks certifications and training
Membership Dues
2,000.00
California City Clerks Association (CCAC)- 4 employees
National Notary Association Errors and Omission insurance
(E&O)- 3 employees
International Institute of Municipal Clerks (IIMC) membership
101-1005-60450 Advertising
5,500.00
Public hearing notices, Commission and Board vacancies
19
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
1004 - Human Resources
50 - Salaries and Benefits
101-1004-50101
Permanent Full Time
100,724
168,198
168,198
130,274
240,215
72,017
65%
101-1004-50102
Salaries - Part Time
37,385
0
0
109
0
0
0%
101-1004-50150
Other Compensation
481
0
0
1
0
0
0%
101-1004-50200
PERS-City Portion
10,246
12,400
12,400
9,470
18,000
5,600
75%
101-1004-50215
Other Fringe Benefits
0
0
0
1,900
3,900
3,900
0%
101-1004-50221
Medical Insurance
6,375
49,500
49,500
23,703
71,800
22,300
106%
101-1004-50222
Vision Insurance
278
0
0
367
0
0
0%
101-1004-50223
Dental Insurance
1,608
0
0
2,301
0
0
0%
101-1004-50224
Life Insurance
54
0
0
102
0
0
0%
101-1004-50225
Long Term Disability
553
1,100
1,100
794
1,500
400
67%
101-1004-50230
Workers Comp Insurance
2,100
4,200
4,200
2,100
4,200
0
0%
101-1004-50240
Social Security -Medicare
2,106
2,400
2,400
1,927
3,400
1,000
67%
101-1004-50241
Social Security -FICA
257
0
0
130
0
0
0%
101-1004-50251
Temporary
4,142
0
0
111
0
0
0%
101-1004-50252
Annual Wellness Dollar R
8,816
18,000
18,000
5,236
18,000
0
0%
50 -
Salaries and Benefits Totals:
175,125
255,798
255,798
178,523
361,015
105,217
53%
60 - Contract Services
101-1004-60103 Professional Services 16,290 70,000 123,700 57,885 5,000 (118,700) -170%
101-1004-60104 Consultants/Employee SE 11,817 20,000 40,000 10,173 25,000 (15,000) -75%
60 - Contract Services Totals: 28,107 90,000 163,700 68,058 30,000 (133,700) -149%
62 - Maintenance & Operations
101-1004-60129
Recruiting/Pre-EmploymE
101-1004-60320
Travel & Training
101-1004-60322
Training & Education/MOi
101-1004-60340
Employee Recognition Ev
101-1004-60351
Membership Dues
101-1004-60352
Subscriptions & Publicati<
101-1004-60400
Office Supplies
101-1004-60420
Operating Supplies
62 - Maintenance
& Operations Totals:
17,196
30,000
30,000
7,056
15,000
(15,000)
-60%
(97)
4,000
4,000
(24)
10,000
6,000
150%
10,267
52,000
52,000
4,317
52,000
0
0%
12,069
9,000
29,000
23,921
30,000
1,000
7%
6,500
6,500
6,500
6,375
10,000
3,500
54%
239
900
900
680
1,500
600
67%
398
500
500
171
500
0
0%
112
1,000
1,000
459
1,000
0
0%
46,683
103,900
123,900
42,956
120,000
(3,900)
-40/o
69 - Internal Service Charges
101-1004-98110 Information Tech Charge 19,100 46,000 46,000 23,000 I 46,000 0 0%
69 - Internal Service Charges Totals: 19,100 46,000 46,000 23,000 46,000 0 00/0
1004 - Human Resources Totals: 269,015 495,698 589,398 312,537 557,015 (32,383) -8%
20
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
Department : 1004 - Human Resources
101-1004-50101 Permanent Full Time
100% - Human Resources Analyst
100% - Adminstrative Technician (2)
240,215.00
101-1004-60103 Professional Services 5,000.00
Citywide employee development programs
101-1004-60104 Consultants/Employee Service 25,000.00
Employee Assistance Program (EAP)- Wellness Works
CaIPERS- Monthly medical premium and administration fees
TAG/AMS DOT random screenings
DMV medical exams (Class B)
Bilingual testing
101-1004-60129 Recruiting/Pre-Employment 15,000.00
Interview panel costs
Fingerprinting
Physicals and drug screenings
Background checks
101-1004-60320 Travel & Training 10,000.00
Liebert Cassidy Whitmore (LCW)- law & labor relations
Educational forums and miscellaneous training
21
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES
FY 2023/24 PROPOSED BUDGET
101-1004-60351 Membership Dues 10,000.00
Society of HR Management (SHRM)
Professionals in HR Association (PIHRA)
International Public Management Association for HR (IPMA-HR)
World at Work (WOW)
CV Employment Relations Consortium (LCW)
CA Public Employers Labor Relations Association (CalPELRA)
101-1004-60352 Subscriptions & Publications 1,500.00
Labor law compliance posters
22
CITY OF LA QUINTA
GENERAL FUND EXPENSE DETAILS
FY 2023/24 PROPOSED BUDGET
2021/22 2022/23 2022/23 2022/23 2023/24 23/24 vs. % Change
Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 22/23 in Budget
2001 - Police
60 - Contract Services
101-2001-60103 Professional Services
101-2001-60109 LQ Police Volunteers
101-2001-60161 Sheriff Patrol
101-2001-60162 Police Overtime
101-2001-60163 Target Team
101-2001-60164 Community Services Offii
101-2001-60165 Special Enforcement/City
101-2001-60166 Gang Task Force
101-2001-60167 Narcotics Task Force
101-2001-60168 School Officer
101-2001-60169 Motor Officer
101-2001-60170 Dedicated Sargeants
101-2001-60171 Dedicated Lieutenant
101-2001-60172 Sheriff - Mileage
101-2001-60173 Booking Fees
101-2001-60174 Blood/Alcohol Testing
101-2001-60175 Special Enforcement Funi
101-2001-60176 Sheriff - Other
101-2001-60193 Sexual Assault Exam Fee
60 - Contract Services Totals:
394
50,000
50,000
22,327
50,000
0
0%
10,117
12,000
12,000
4,641
12,000
0
0%
9,715,949
10,070,000
10,070,000
5,830,762
10,230,000
160,000
2%
345,139
485,000
485,000
177,433
400,000
(85,000)
-18%
1,721,790
1,896,000
1,896,000
990,982
1,927,000
31,000
2%
753,912
836,000
836,000
450,593
805,000
(31,000)
-4%
89,110
100,000
100,000
104,099
100,000
0
0%
146,204
214,000
214,000
127,046
231,000
17,000
8%
209,726
214,000
214,000
118,274
231,000
17,000
8%
173,563
230,000
230,000
106,271
240,000
10,000
5%
1,773,388
1,900,000
1,900,000
1,057,844
1,940,000
40,000
2%
562,788
579,000
579,000
345,628
615,000
36,000
6%
327,754
327,000
327,000
199,161
343,000
16,000
5%
364,291
450,000
450,000
223,947
450,000
0
0%
0
18,000
18,000
0
0
(18,000)
-100%
28,706
30,000
30,000
25,503
36,000
6,000
20%
62,043
95,000
95,000
35,718
95,000
0
0%
452,444
557,000
557,000
49,172
587,000
30,000
5%
8,062
9,000
9,000
5,200
10,000
1,000
13%
16,745,378
18,072,000
18,072,000
9,874,601
18,302,000
230,000
10/0
62 - Maintenance & Operations
101-2001-60320 Travel & Training 0 5,000 5,000 1,350 5,000 0 0%
101-2001-60420 Operating Supplies 7,428 13,000 13,000 4,403 10,000 (3,000) -23%
62 - Maintenance & Operations Totals: 7,428 18,000 18,000 5,753 15,000 (3,000) -17%
66 - Utilities
101-2001-61300 Telephone - Utilities 10,514 15,000 15,000 8,382 17,000 2,000 14%
101-2001-61400 Cable/Internet - Utilities 6,834 6,000 6,000 5,147 9,000 3,000 50%
66 - Utilities Totals: 17,348 21,000 21,000 13,529 26,000 5,000 25%
68 - Capital Expenses
101-2001-71031 Vehicles 37,010 0 22,900 6,519 I 0 (22,900) -38%
68 - Capital Expenses Totals: 37,010 0 22,900 6,519 0 (22,900) -38%
69 - Internal Service Charges
101-2001-98110 Information Tech Charge 10,000 10,000 10,000 5,000 10,000 0 0%
101-2001-98140 Facility &Fleet Maintenar 51,100 64,900 64,900 32,450 64,900 0 0%
69 - Internal Service Charges Totals: 61,100 74,900 74,900 37,450 74,900 0 00/0
2001 - Police Totals: 16,868,265 18,185,900 18,208,800 9,937,852 18,417,900 209,100 10/0
23
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
Department : 2001 - Police
101-2001-60103 Professional Services
Annual Police Matrix Study
101-2001-60161 Sheriff Patrol
50,000.00
10,230,000.00
Increases for Police services in FY 2023/24 are attributed to rising labor and
pension costs, with cost efficiency savings. Daily patrol hours (130) and service
levels are incorporated. The contract funds the following positions: 1
Lieutenant, 2 Sergeants, 2 Motor Traffic Officers, 3 Traffic Officers, 5 Special
Enforcement Team Officers, 2 Deputy Sheriff Officers, and 6 Community
Service Officers
101-2001-60320 Travel & Training
5,000.00
Crime prevention officers will provide training to the Citizens on
Patrol
24
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
2002 - Fire
50 - Salaries and Benefits
101-2002-50101
Permanent Full Time
168,083
197,472
197,472
120,856
205,605
8,133
4%
101-2002-50105
Salaries - Overtime
599
4,000
4,000
399
4,000
0
0%
101-2002-50150
Other Compensation
96
100
100
76
100
0
0%
101-2002-50200
PERS-City Portion
12,505
14,800
14,800
7,804
15,400
600
4%
101-2002-50215
Other Fringe Benefits
0
0
0
1,330
3,315
3,315
0%
101-2002-50221
Medical Insurance
44,886
63,100
63,100
28,151
61,000
(2,100)
-4%
101-2002-50222
Vision Insurance
507
0
0
157
0
0
0%
101-2002-50223
Dental Insurance
2,092
0
0
996
0
0
0%
101-2002-50224
Life Insurance
122
0
0
116
0
0
0%
101-2002-50225
Long Term Disability
830
2,500
2,500
648
1,300
(1,200)
-60%
101-2002-50230
Workers Comp Insurance
5,400
5,400
5,400
2,700
5,400
0
0%
101-2002-50240
Social Security -Medicare
2,805
2,900
2,900
1,898
2,900
0
0%
101-2002-50241
Social Security -FICA
1,290
0
0
0
0
0
0%
101-2002-50251
Temporary
24,603
0
0
74
0
0
0%
50 -
Salaries and Benefits Totals:
263,818
290,272
290,272
165,205
299,020
8,748
3%
60 - Contract Services
101-2002-60103
Professional Services
0
15,000
15,000
0
101-2002-60110
Volunteers - Fire
0
4,000
4,000
764
101-2002-60112
Landscape Contract
15,654
19,000
19,000
15,100
101-2002-60116
Pest Control
4,064
3,500
3,500
4,024
101-2002-60123
Security & Alarm
2,040
1,500
1,500
2,205
101-2002-60125
Temporary Agency Servii
0
0
0
30,657
101-2002-60139
Fire Service Costs
6,663,379
7,725,000
7,725,000
0
101-2002-60140
MOU - Ladder Truck
257,373
275,000
275,000
0
101-2002-60525
Golf Tournament
19,910
80,000
80,000
52,980
60
- Contract Services Totals:
6,962,420
8,123,000
8,123,000
105,730
15,000
0
0%
4,000
0
0%
24,000
5,000
32%
10,000
6,500
260%
4,000
2,500
167%
0
0
0%
8,700,000
975,000
15%
300,000
25,000
10%
80,000
0
0%
9,137,000
1,014,000
150/0
62 - Maintenance & Operations
101-2002-60320
Travel & Training
1,066
4,000
4,000
479
4,000
0
0%
101-2002-60351
Membership Dues
0
1,000
1,000
1,060
1,200
200
200%
101-2002-60400
Office Supplies
1,270
1,000
1,000
312
1,000
0
0%
101-2002-60406
Disaster Prep Supplies
9,236
6,000
6,000
4,391
8,000
2,000
33%
101-2002-60410
Printing
0
500
500
102
800
300
60%
101-2002-60431
Materials/Supplies
0
0
0
0
20,000
20,000
0%
101-2002-60445
Non -Reimbursable Misc
23,605
20,000
20,000
5,329
20,000
0
0%
101-2002-60545
Small Tools & Equipment
2,622
2,500
2,500
58
2,500
0
0%
101-2002-60670
Fire Station
25,858
50,000
50,000
4,842
40,000
(10,000)
-20%
101-2002-60671
Repair & Maintenance - E
658
5,000
5,000
143
10,000
5,000
100%
101-2002-60691
Maintenance/Services
51,172
60,000
60,000
73,814
60,000
0
0%
62 - Maintenance
& Operations Totals:
115,487
150,000
150,000
90,529
167,500
17,500
12%
66 - Utilities
101-2002-61100
Gas - Utilities
2,100
2,000
2,000
3,443
6,000
4,000
267%
101-2002-61101
Electricity - Utilities
33,480
30,000
30,000
25,638
43,000
13,000
50%
25
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
Actuals
2022/23
Original Budget
2022/23
Current Budget
2022/23
YTD Activity*
2023/24
Pro osed Budget
23/24 vs.
Current 22 23
% Change
in Budqet
101-2002-61200
Water - Utilities
10,378
15,000
15,000
9,844
16,000
1,000
7%
101-2002-61300
Telephone - Utilities
21,359
19,000
19,000
20,953
45,000
26,000
121%
101-2002-61304
Mobile/Cell Phones/Satell
6,882
7,000
7,000
5,623
10,000
3,000
43%
101-2002-61400
Cable/Internet - Utilities
6,599
14,000
14,000
6,305
14,000
0
0%
134.000
47.000
61%
66 - Utilities Totals: 80.798 87.000 87.000 71.806
68 - Capital Expenses
101-2002-71021 Furniture
4,348
5,000
5,000
0
5,000
0
0%
101-2002-71031 Vehicles
16,826
0
43,100
35,241
0
(43,100)
-72%
101-2002-72110 Building Improvements
0
10,000
10,000
0
10,000
0
0%
101-2002-80101 Machinery & Equipment
82,221
0
400,000
32,049
100,000
(300,000)
-60%
68 - Capital Expenses Totals:
103,395
15,000
458,100
67,290
115,000
(343,100)
-60%
69 - Internal Service Charges
101-2002-91843 Property & Crime Insurar
5,800
5,800
5,800
2,900
5,800
0
0%
101-2002-91844 Earthquake Insurance
14,000
14,000
14,000
7,000
14,000
0
0%
101-2002-98110 Information Tech Charge
48,700
58,700
58,700
29,350
58,700
0
0%
101-2002-98140 Facility & Fleet Maintenar
51,100
108,100
108,100
54,050
108,100
0
0%
69 - Internal Service Charges Totals:
119,600
186,600
186,600
93,300
186,600
0
00/0
99 - Transfers Out
101-2002-99900 Transfers Out 363,012 0 0 0 I 0 0 0%
99 - Transfers Out Totals: 363,012 0 0 0 0 0 00/0
2002 - Fire Totals: 8,008,530 8,851,872 9,294,972 593,860 10,039,120 744,148 90/0
26
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES
FY 2023/24 PROPOSED BUDGET
Department : 2002 - Fire
101-2002-50101 Permanent Full Time 205,605.00
100% - Senior Emergency Management Coordinator
100% - Administrative Assistant
15% - Community Resources Director (70% Community
Resources Admin, 15% Library & Museum Fund)
20% - Public Safety Manager (80% Community Resources
Admin)
20% - Administrative Technician (80% Code Compliance)
101-2002-60103 Professional Services 15,000.00
Public safety announcements and Nixle contract
101-2002-60112 Landscape Contract 24,000.00
Landscaping maintenance services for all three fire stations
101-2002-60139 Fire Service Costs 8,700,000.00
Increase in Fire Services in FY 2023/24 are attributed to rising
labor and pension costs. Contracted with Riverside County and
include the following: Captain, Medic Engineers, Engineers, Fire
Fighter II - Medics, Fire Fighter II, Fire Safety Specialist, Fire
Systems Inspector, Fire Safety Supervisor,
Overhead/Administration & Direct Operating Expenses, Medic
Unit Operating Costs and Fire Engine Charges
101-2002-60320 Travel & Training 4,000.00
Emergency preparedness citywide training
National Emergency Management Academy
101-2002-60351 Membership Dues 1,200.00
Journal of Emergency Management (JEM) subscription
International Association of Emergency Managers (IAEM)
27
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
101-2002-60410
101-2002-60691
Printing
Update Emergency Operations Center forms
Maintenance/Services
800.00
60,000.00
Painting plus regular annual maintenance for each station
101-2002-71021 Furniture
5,000.00
Emergency Operations Center tables, chairs, and desks
28
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
3001 - Community Resources Administrat
50 - Salaries and Benefits
101-3001-50101
Permanent Full Time
395,452
406,980
406,980
284,108
352,260
(54,720)
-14%
101-3001-50110
Commissions & Boards
3,525
4,500
4,500
2,175
4,500
0
0%
101-3001-50150
Other Compensation
385
400
400
305
400
0
0%
101-3001-50200
PERS-City Portion
32,780
33,700
33,700
20,555
30,000
(3,700)
-11%
101-3001-50215
Other Fringe Benefits
0
0
0
2,660
3,510
3,510
0%
101-3001-50221
Medical Insurance
61,394
86,700
86,700
42,602
64,500
(22,200)
-30%
101-3001-50222
Vision Insurance
757
0
0
454
0
0
0%
101-3001-50223
Dental Insurance
3,594
0
0
2,028
0
0
0%
101-3001-50224
Life Insurance
205
0
0
153
0
0
0%
101-3001-50225
Long Term Disability
2,073
800
800
1,531
2,100
1,300
62%
101-3001-50230
Workers Comp Insurance
7,400
7,300
7,300
3,650
7,300
0
0%
101-3001-50240
Social Security -Medicare
5,785
5,800
5,800
4,151
5,000
(800)
-14%
101-3001-50241
Social Security -FICA
219
0
0
135
0
0
0%
50 -
Salaries and Benefits Totals:
513,569
546,180
546,180
364,507
469,570
(76,610)
-150/0
60 - Contract Services
101-3001-60101 Contract Services
25,000
25,000
25,000
0
25,000
0
0%
101-3001-60122 Credit Card Fees
3,081
7,000
7,000
4,855
7,000
0
0%
101-3001-60135 Boys & Girls Club
10,000
60,000
60,000
40,000
60,000
0
0%
60 - Contract Services Totals:
38,081
92,000
92,000
44,855
92,000
0
00/0
62 - Maintenance & Operations
101-3001-60157 Rent Expense
0
3,000
3,000
0
3,000
0
0%
101-3001-60320 Travel & Training
236
4,000
4,000
141
4,000
0
0%
101-3001-60351 Membership Dues
5
300
300
0
1,000
700
233%
101-3001-60400 Office Supplies
77
1,500
1,500
1,577
1,500
0
0%
101-3001-60510 Grants & Economic Devel
40,000
135,000
135,000
120,000
135,000
0
0%
101-3001-60527 2-1-1 Hotline
0
15,000
15,000
0
15,000
0
0%
101-3001-60531 Homeless Bus Passes
3,000
3,000
3,000
0
3,000
0
0%
62 - Maintenance & Operations Totals:
43,318
161,800
161,800
121,718
162,500
700
00/0
69 - Internal Service Charges
101-3001-98110 Information Tech Charge
66,800
80,500
80,500
40,250 I
80,500
0
0%
69 - Internal Service Charges Totals:
66,800
80,500
80,500
40,250
80,500
0
00/0
nmunity Resources Administration Totals:
661,768
880,480
880,480
571,330
804,570
(75,910)
-9%
29
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES
Department : 3001 - Community Resources Administration
101-3001-50 ermanent Full Tim W 352,260.00
101-3001-60101
101-3001-60157
101-3001-60320
101-3001-60351
70% - Community Resources Director (15% Fire, 15% Library
& Museum Fund)
80% - Public Safety Manager (20% Fire)
40% - Community Resources Manager (40% Wellness Center
Operations, 20% Library & Museum Fund)
80% - Community Resources Analyst (20% Library & Museum
Fund)
Contract Services
25,000.00
Old Towne Artisan Studio wellness west partnership
Rent Expense 3,000.00
DSUSD Facility Use rental
Travel & Training 4,000.00
Leadership training
Membership Dues 1,000.00
Engaging Local Government Leaders (ELGL)
International City/County Management Association (ICMA)
Americans for the Arts
California Parks & Recreation Society (CPRS)
National Recreation & Park Association NRPA
101-3001-60510 Grants & Economic Developme 135,000.00
$60,000 for Community Services Grants are administered per
City Policy and selected via a Grant Ad Hoc Commitee. $75,000
for food distribution and other social service programs.
FY 2023/24 PROPOSED BUDGET
30
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
3002 - Wellness Center Operations
50 - Salaries and Benefits
101-3002-50101
Permanent Full Time
238,980
250,002
250,002
205,907
266,815
16,813
7%
101-3002-50102
Salaries - Part Time
125,420
105,900
105,900
117,212
105,900
0
0%
101-3002-50105
Salaries - Overtime
0
0
0
0
5,000
5,000
0%
101-3002-50150
Other Compensation
963
1,000
1,000
763
1,000
0
0%
101-3002-50200
PERS-City Portion
27,936
24,400
24,400
26,254
28,700
4,300
18%
101-3002-50215
Other Fringe Benefits
0
0
0
3,230
4,420
4,420
0%
101-3002-50221
Medical Insurance
54,679
84,200
84,200
49,285
81,300
(2,900)
-4%
101-3002-50222
Vision Insurance
899
0
0
724
0
0
0%
101-3002-50223
Dental Insurance
4,755
0
0
4,276
0
0
0%
101-3002-50224
Life Insurance
185
0
0
178
0
0
0%
101-3002-50225
Long Term Disability
1,330
1,300
1,300
1,266
1,700
400
29%
101-3002-50230
Workers Comp Insurance
7,100
7,100
7,100
3,550
7,100
0
0%
101-3002-50240
Social Security -Medicare
5,378
3,600
3,600
4,987
3,700
100
3%
101-3002-50241
Social Security -FICA
5,861
0
0
4,679
0
0
0%
101-3002-50251
Temporary
3,485
0
0
18,377
0
0
0%
50 -
Salaries and Benefits Totals:
476,972
477,502
477,502
440,688
505,635
28,133
6%
60 - Contract Services
101-3002-60103 Professional Services
0
5,000
5,000
0
5,000
0
0%
101-3002-60107 Instructors
18,545
40,000
40,000
18,052
20,000
(20,000)
-50%
101-3002-60108 Technical
3,000
3,000
3,000
3,000
5,000
2,000
67%
60 - Contract Services Totals:
21,545
48,000
48,000
21,052
30,000
(18,000)
-38%
62 - Maintenance & Operations
101-3002-60157 Rental Expense
2,814
3,000
3,000
53
3,000
0
0%
101-3002-60320 Travel & Training
6
1,000
1,000
0
1,000
0
0%
101-3002-60351 Membership Dues
1,144
3,000
3,000
1,040
5,000
2,000
67%
101-3002-60352 Subscriptions & Publicati<
0
700
700
0
1,200
500
71%
101-3002-60400 Office Supplies
604
3,000
3,000
626
3,000
0
0%
101-3002-60420 Operating Supplies
27,194
45,000
45,000
24,161
50,000
5,000
11%
101-3002-60432 Tools/Equipment
0
1,000
1,000
0
1,000
0
0%
62 - Maintenance & Operations Totals:
31,761
56,700
56,700
25,880
64,200
7,500
13%
68 - Capital Expenses
101-3002-80101 Machinery & Equipment
0
0
0
0 I
130,000
130,000
0%
68 - Capital Expenses Totals:
0
0
0
0
130,000
130,000
00/0
69 - Internal Service Charges
101-3002-98110 Information Tech Charge
64,900
78,200
78,200
39,100
78,200
0
0%
101-3002-98140 Facility &Fleet Maintenar
17,100
21,700
21,700
10,850
21,700
0
0%
69 - Internal Service Charges Totals:
82,000
99,900
99,900
49,950
99,900
0
00/0
1002 - Wellness Center Operations Totals:
612,277
682,102
682,102
537,570
829,735
147,633
22%
31
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES
FY 2023/24 PROPOSED BUDGET
Department : 3002 - Wellness Center Operations
101-3002-50101 Permanent Full Time 266,815.00
40% - Community Resources Manager (40% Community
Resources Administration, 20% Library & Museum Fund)
100% - Community Resources Specialist
100% - Community Resources Coordinator
100% - Administrative Assistant
101-3002-50102 Salaries - Part Time 105,900.00
50% Senior Recreation Leader (2) (50% Recreation Programs
& Special Events)
50% Recreation Leader (8) (50% Recreation Programs &
Special Events)
101-3002-60103 Professional Services 5,000.00
Retired senior volunteer program, annual volunteer
sponsorships to Watercolors of La Quinta, Boys & Girls Club of
La Quinta, and the California Highway Patrol
101-3002-60107 Instructors 20,000.00
Instructors for fitness classes and programming
101-3002-60108 Technical 5,000.00
Annual sponsorship for the Riverside County Senior Inspiration
Awards
101-3002-60157 Rental Expense
3,000.00
General insurances and security guards for facility rentals
32
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
101-3002-60320 Travel & Training
1,000.00
Park and recreational activity program training and certification
101-3002-60351 Membership Dues 5,000.00
Motion Picture Licensinq Corporation (MPLC)
National Council on Aqinq (NCOA)
TechnoGym apps
101-3002-60352 Subscriptions & Publications 1,200.00
Desert Sun newspaper
Wellness publications
101-3002-80101 Machinery & Equipment 130,000.00
Purchase of new fitness equipment for Wellness Center
33
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
3003 - Recreation Programs & Special Eve
50 - Salaries and Benefits
101-3003-50101
Permanent Full Time
46,510
57,834
57,834
37,489
57,700
(134)
0%
101-3003-50102
Salaries - Part Time
33,400
105,900
105,900
26,176
105,900
0
0%
101-3003-50105
Salaries - Overtime
0
0
0
0
1,000
1,000
0%
101-3003-50200
PERS-City Portion
4,460
10,100
10,100
6,833
4,300
(5,800)
-55%
101-3003-50215
Other Fringe Benefits
0
0
0
950
1,300
1,300
0%
101-3003-50221
Medical Insurance
7,509
24,800
24,800
26,510
24,000
(800)
-4%
101-3003-50222
Vision Insurance
85
0
0
329
0
0
0%
101-3003-50223
Dental Insurance
466
0
0
2,403
0
0
0%
101-3003-50224
Life Insurance
35
0
0
44
0
0
0%
101-3003-50225
Long Term Disability
226
400
400
233
400
0
0%
101-3003-50230
Workers Comp Insurance
2,100
2,100
2,100
1,050
2,100
0
0%
101-3003-50240
Social Security -Medicare
1,209
11,400
11,400
1,723
800
(10,600)
-161%
101-3003-50241
Social Security -FICA
1,531
0
0
1,700
0
0
0%
101-3003-50251
Temporary
3,471
0
0
55,201
0
0
0%
50 -
Salaries and Benefits Totals:
101,002
212,534
212,534
160,640
197,500
(15,034)
-80/o
60 - Contract Services
101-3003-60107 Instructors
101-3003-60184 Fritz Burns Pool Programi
101-3003-60190 X Park Programming
60 - Contract Services Totals:
62 - Maintenance & Operations
101-3003-60149
Community Experiences
101-3003-60157
Rental Expense
101-3003-60320
Travel & Training
101-3003-60351
Membership Dues
101-3003-60420
Operating Supplies
101-3003-60512
LQ Art Event
62 - Maintenance
& Operations Totals
(801) 0
136,886 160,000
107,878 170,000
0 (596)
160,000 167,583
286,000 285,388
0 0 0%
220,000 60,000 38%
420,000 134,000 79%
243,964 330,000 446,000 452,375 640,000 194,000 590/0
216,556
400,000
580,000
296,800
580,000
0
0%
601
5,000
5,000
81
5,000
0
0%
0
1,000
1,000
0
1,000
0
0%
200
500
500
0
0
(500)
-100%
4,887
5,000
5,000
718
6,000
1,000
20%
20,325
90,000
90,000
3,121
90,000
0
0%
242,568 501,500 681,500 300,720 682,000 500 00/0
69 - Internal Service Charges
101-3003-98110 Information Tech Charge 19,100 23,000 23,000 11,500 23,000 0 0%
101-3003-98140 Facility &Fleet Maintenar 34,100 21,700 21,700 10,850 21,700 0 0%
69 - Internal Service Charges Totals: 53,200 44,700 44,700 22,350 44,700 0 00/0
reation Programs & Special Events Totals: 640,734 1,088,734 1,384,734 936,085 1,564,200 179,466 17%
34
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES
Department : 3003 - Recreation Programs & Special Events
101-3003-50101 Permanent Full Time 57,700.00
100% - Management Assistant
101-3003-50102 Salaries - Part Time 105,900.00
50% Senior Recreation Leader (2) (50% Wellness Center
Operations)
50% Recreation Leader (8) (50% Wellness Center Operations)
101-3003-60149 Community Experiences 580,000.00
Anticipated events include 9/11 Vigil, Veteran's Day Celebration, Tree
Lighting, Ironman, City Picnic, Art on Main, Summer Golf, Mission LQ
Rocket Launch, Pillars of the Community, Brew in LQ, Concerts in the
Park, and Soaring Over LQ Kite Experience
101-3003-60157 Rental Expense 5,000.00
Special event insurances and security guards for events
101-3003-60184 Fritz Burns Pool Programming 220,000.00
Pool operating contract services
101-3003-60320 Travel & Training 1,000.00
Park and recreation program training and certifications
FY 2023/24 PROPOSED BUDGET
35
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
6004 - Code Compliance/Animal Control
50 - Salaries and Benefits
101-6004-50101
Permanent Full Time
453,577
569,976
569,976
433,479
607,060
37,084
7%
101-6004-50105
Salaries - Overtime
1,527
15,000
15,000
7,145
15,000
0
0%
101-6004-50106
Standby
0
100
100
100
500
400
400%
101-6004-50150
Other Compensation
0
20
20
0
0
(20)
-100%
101-6004-50200
PERS-City Portion
44,235
51,800
51,800
40,298
61,100
9,300
17%
101-6004-50215
Other Fringe Benefits
0
0
0
7,410
10,140
10,140
0%
101-6004-50221
Medical Insurance
123,616
193,100
193,100
108,994
186,500
(6,600)
-4%
101-6004-50222
Vision Insurance
1,337
0
0
1,062
0
0
0%
101-6004-50223
Dental Insurance
6,124
0
0
4,619
0
0
0%
101-6004-50224
Life Insurance
364
0
0
372
0
0
0%
101-6004-50225
Long Term Disability
2,567
3,600
3,600
2,672
3,700
100
3%
101-6004-50230
Workers Comp Insurance
16,300
16,300
16,300
8,150
16,300
0
0%
101-6004-50240
Social Security -Medicare
7,000
8,100
8,100
6,397
8,500
400
5%
101-6004-50241
Social Security- FICA
1,715
0
0
0
0
0
0%
101-6004-50251
Temporary
27,666
0
0
0
0
0
0%
50 -
Salaries and Benefits Totals:
686,027
857,996
857,996
620,699
908,800
50,804
6%
60 - Contract Services
101-6004-60103
Professional Services
101-6004-60108
Technical
101-6004-60111
Administrative Citation Si
101-6004-60119
Vehicle Abatement
101-6004-60120
Lot Cleaning/Gravel Prog
101-6004-60122
Credit Card Fees
101-6004-60125
Temporary Agency Servi
101-6004-60194
Veterinary Service
101-6004-60197
Animal Shelter Contract `.
60
- Contract Services Totals:
62 - Maintenance & Operations
101-6004-60121
Low -Income Housing Gra
101-6004-60320
Travel & Training
101-6004-60351
Membership Dues
101-6004-60400
Office Supplies
101-6004-60410
Printing
101-6004-60425
Supplies - Field
101-6004-60690
Uniforms
62 - Maintenance
& Operations Totals:
50,232
80,000
80,000
44,570
70,000
(10,000)
-13%
280
1,000
1,000
220
1,000
0
0%
14,093
18,000
18,000
10,998
18,000
0
0%
0
500
500
0
500
0
0%
16,869
20,000
20,000
2,575
20,000
0
0%
600
2,000
2,000
821
2,000
0
0%
24,565
0
0
29
0
0
0%
5,000
12,000
12,000
7,000
12,000
0
0%
237,482
300,000
300,000
252,204
370,000
70,000
25%
349,121
433,500
433,500
318,418
493,500
60,000
14%
0
1,000
1,000
0
1,000
0
0%
2,125
3,000
7,000
4,543
7,000
0
0%
570
800
800
500
800
0
0%
1,830
2,000
2,000
1,887
2,500
500
25%
0
6,000
6,000
51
6,000
0
0%
1,536
3,000
3,000
1,075
2,000
(1,000)
-67%
3,813
4,500
4,500
2,073
5,500
1,000
33%
9,874 20,300 24,300 10,129 24,800 500 3%
69 - Internal Service Charges
101-6004-98110 Information Tech Charge 148,700 179,300 179,300 89,650 179,300 0 0%
101-6004-98140 Facility &Fleet Maintenar 119,200 172,900 172,900 86,450 172,900 0 0%
69 - Internal Service Charges Totals: 267,900 352,200 352,200 176,100 352,200 0 00/0
- Code Compliance/Animal Control Totals: 1,312,923 1,663,996 1,667,996 1,125,346 1,779,300 111,304 7%
36
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
Department : 6004 - Code Compliance/Animal Control
101-6004-50101 Permanent Full Time
607,060.00
100% - Animal Control/Code Compliance Supervisor
100% - Code Compliance Officer II (4)
100% - Code Compliance Officer I (2)
80% - Administrative Technician (20% Fire)
101-6004-60103
Professional Services
70,000.00
Short-term vacation rental compliance
101-6004-60108
Technical
1,000.00
Riverside County recording fees for liens
101-6004-60111
Administrative Citation Service
18,000.00
Data ticket processing of code compliance and
police citations
101-6004-60320
Travel & Training
7,000.00
Code Enforcement officer training events
101-6004-60351
Membership Dues
800.00
CA Association of Code Enforcement Officers (CACEO)
101-6004-60410
Printing
6,000.00
Community educational outreach
37
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
3005 - Parks Maintenance
50 - Salaries and Benefits
101-3005-50101
Permanent Full Time
222,432
251,022
251,022
220,694
264,761
13,739
6%
101-3005-50105
Salaries - Overtime
295
700
700
386
700
0
0%
101-3005-50106
Standby
6,132
5,500
5,500
10,651
15,000
9,500
271%
101-3005-50107
Standby Overtime
22,290
20,000
20,000
29,957
35,000
15,000
375%
101-3005-50150
Other Compensation
10
300
300
0
0
(300)
0%
101-3005-50200
PERS-City Portion
18,984
21,200
21,200
16,460
21,300
100
0%
101-3005-50215
Other Fringe Benefits
0
0
0
4,275
4,550
4,550
0%
101-3005-50221
Medical Insurance
54,020
86,700
86,700
53,455
83,700
(3,000)
-4%
101-3005-50222
Vision Insurance
646
0
0
517
0
0
0%
101-3005-50223
Dental Insurance
3,417
0
0
2,729
0
0
0%
101-3005-50224
Life Insurance
163
0
0
200
0
0
0%
101-3005-50225
Long Term Disability
1,219
1,900
1,900
1,254
1,700
(200)
-13%
101-3005-50230
Workers Comp Insurance
7,400
7,300
7,300
3,650
7,400
100
1%
101-3005-50240
Social Security -Medicare
3,645
3,600
3,600
3,813
3,800
200
6%
50 -
Salaries and Benefits Totals:
340,651
398,222
398,222
348,041
437,911
39,689
110/0
60 - Contract Services
101-3005-60112 Landscape Contract 582,436 657,200 657,200 608,040 I 935,000 277,800 46%
60 - Contract Services Totals: 582,436 657,200 657,200 608,040 935,000 277,800 46%
62 - Maintenance & Operations
101-3005-60117
Civic Center Lake Maintei
24,683
17,400
17,400
14,583
20,000
2,600
8%
101-3005-60136
Lighting Service
475
1,000
1,000
0
1,000
0
0%
101-3005-60184
Fritz Burns Pool Maintena
92,640
65,550
100,550
91,155
180,000
79,450
85%
101-3005-60189
SilverRock Lake Maintenz
14,850
17,400
17,400
14,175
17,400
0
0%
101-3005-60320
Travel & Training
1,586
5,000
5,000
1,800
5,000
0
0%
101-3005-60351
Membership Dues
595
1,000
1,000
595
1,000
0
0%
101-3005-60400
Office Supplies
327
1,000
1,000
50
1,000
0
0%
101-3005-60423
Supplies -Graffiti and Van
11,688
15,000
15,000
2,393
15,000
0
0%
101-3005-60427
Safety Gear
973
1,200
1,200
796
1,200
0
0%
101-3005-60431
Materials/Supplies
211,846
310,000
310,000
202,727
310,000
0
0%
101-3005-60432
Tools/Equipment
5,354
5,000
5,000
7,046
5,000
0
0%
101-3005-60554
LQ Park Water Feature
24,897
22,300
22,300
14,347
30,000
7,700
22%
101-3005-60557
Tree Maintenance
3,200
10,000
10,000
1,120
500,000
490,000
4,900%
101-3005-60690
Uniforms
2,778
3,000
3,000
1,593
3,000
0
0%
101-3005-60691
Maintenance/Services
238,134
300,000
314,000
277,170
385,000
71,000
28%
1,474,600
650,750
93%
62 - Maintenance & Operations Totals: 634,026 774,850 823,850 629,549
66 - Utilities
101-3005-61100
Gas -Utilities FB Pool
26,244
15,000
15,000
40,203
0
(15,000)
-43%
101-3005-61102
Electric - Monticello Park
161
300
300
134
300
0
0%
101-3005-61103
Electric - Civic Center Pai
33,758
30,000
30,000
30,787
31,000
1,000
3%
101-3005-61104
Electric - Pioneer Park - l
0
100
100
0
100
0
0%
101-3005-61105
Electric - Fritz Burns Park
17,369
15,000
15,000
14,978
15,000
0
0%
101-3005-61106
Electric - Sports Complex
41,315
40,000
40,000
37,289
42,000
2,000
5%
38
CITY OF LA QUINTA
GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
101-3005-61108
Electric - Colonel Paige -
101-3005-61109
Electric - Community Par
101-3005-61110
Electric - Adams Park - U
101-3005-61111
Electric - Velasco Park - l
101-3005-61113
Electric - Eisenhower Parl
101-3005-61114
Electric - Desert Pride - L
101-3005-61115
Electric - SilverRock Ever
101-3005-61116
Electric - XPark Complex
101-3005-61201
Water -Monticello Park -
101-3005-61202
Water - Civic Center Park
101-3005-61203
Water -Eisenhower Park
101-3005-61204
Water -Fritz Burns Park -
101-3005-61205
Water -Velasco Park - Uti
101-3005-61206
Water -Desert Pride - Uti
101-3005-61207
Water -Pioneer Park - Uti
101-3005-61208
Water -Seasons Park - Ui
101-3005-61209
Water -Community Park
101-3005-61211
Water - SilverRock Event
101-3005-61212
Water - XPark Complex
101-3005-61300
Telephone - Utilities
66 - Utilities Totals:
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
0/b Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22 23
in Budqet
5,784
5,000
5,000
4,713
5,500
500
10%
85,730
70,000
70,000
78,928
72,000
2,000
2%
512
700
700
375
700
0
0%
166
200
200
140
250
50
25%
303
350
350
191
350
0
0%
160
250
250
133
300
50
20%
33,003
25,000
25,000
33,091
32,000
7,000
28%
0
30,000
30,000
0
30,000
0
0%
19,633
30,000
30,000
20,823
30,000
0
0%
30,354
40,000
40,000
26,017
40,000
0
0%
1,859
2,500
2,500
2,153
2,600
100
5%
25,271
30,000
30,000
21,503
28,000
(2,000)
-8%
2,281
2,000
2,000
2,086
2,400
400
31%
5,588
8,000
8,000
7,239
9,000
1,000
14%
8,352
15,000
15,000
6,667
15,000
0
0%
312
500
500
270
600
100
33%
64,425
80,000
80,000
54,034
80,000
0
0%
0
55,000
55,000
0
55,000
0
0%
0
12,500
12,500
0
12,500
0
0%
1,081
1,000
1,000
878
1,000
0
0%
403,660
508,400
508,400
382,634
505,600
(2,800)
-10/0
69 - Internal Service Charges
101-3005-98110 Information Tech Charge
66,800
80,500
80,500
40,250
80,500
0 0%
101-3005-98130 Park Equipment Maintena
350,000
450,000
450,000
225,000
450,000
0 0%
101-3005-98140 Facility & Fleet Maintenar
68,100
172,900
172,900
86,450
172,900
0 0%
69 - Internal Service Charges Totals:
484,900
703,400
703,400
351,700
703,400
0 00/0
3005 - Parks Maintenance Totals: 2,445,674 3,042,072 3,091,072 2,319,964 4,056,511 965,439 36%
39
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES
FY 2023/24 PROPOSED BUDGET
Department : 3005 - Parks Maintenance
101-3005-50101 Permanent Full Time 264,761.00
50% - Facilities Deputy Director (50% Public Buildings)
50% - Parks/L&L Foreman (50% Lighting & Landscape Fund)
50% - Maintenance Worker II (50% Lighting & Landscape
Fund)
50% - Maintenance Worker I (3 total, 50% Lighting &
Landscape Fund)
50% - Management Analyst (50% Lighting & Landscape Fund)
101-3005-60112 Landscape Contract 935,000.00
Landscape contract services for all City Parks including the
SilverRock event site and X-Park
101-3005-60184 Fritz Burns Pool Maintenance 180,000.00
Pool maintenance services
101-3005-60320 Travel & Training 5,000.00
Aquatic facility operator course
Maintenance agreement school
Playground certifications
101-3005-60351 Membership Dues 1,000.00
CA Parks & Recreation Association (CPRS)
National Park & Recreation Association (NPRA)
101-3005-60691 Maintenance/Services 385,000.00
Landscape renovations, electrical and fence repairs, painting,
tree removal and other landscape related maintenance and
repairs
101-3005-98130 Park Equipment Maintenance 450,000.00
Funds are transferred to the Park Equipment & Facilityloternal
Service Fund for park equipment replacements
CITY OF LA QUINTA
GENERAL FUND EXPENSE DETAILS
FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
3008 - Public Buildings
50 - Salaries and Benefits
101-3008-50101 Permanent Full Time
350,179
369,852
369,852
303,961
393,444
23,592
7%
101-3008-50105 Salaries - Overtime
344
0
0
94
500
500
0%
101-3008-50106 Standby
9,021
8,000
8,000
11,328
15,000
7,000
117%
101-3008-50107 Standby Overtime
15,591
15,000
15,000
14,637
20,000
5,000
114%
101-3008-50150 Other Compensation
481
500
500
381
500
0
0%
101-3008-50200 PERS-City Portion
30,405
31,700
31,700
26,043
36,200
4,500
14%
101-3008-50215 Other Fringe Benefits
0
0
0
4,275
5,850
5,850
0%
101-3008-50221 Medical Insurance
77,377
111,400
111,400
66,559
83,600
(27,800)
-30%
101-3008-50222 Vision Insurance
1,233
0
0
956
0
0
0%
101-3008-50223 Dental Insurance
5,181
0
0
3,578
0
0
0%
101-3008-50224 Life Insurance
244
0
0
236
0
0
0%
101-3008-50225 Long Term Disability
1,961
1,900
1,900
1,869
2,400
500
24%
101-3008-50230 Workers Comp Insurance
9,400
9,400
9,400
4,700
9,400
0
0%
101-3008-50240 Social Security -Medicare
5,483
5,300
5,300
4,822
5,600
300
6%
50 - Salaries and Benefits Totals:
506,901
553,052
553,052
443,438
572,494
19,442
4%
60 - Contract Services
101-3008-60115 Janitorial
187,188
215,000
215,000
140,305
250,000
35,000
18%
101-3008-60116 Pest Control
6,222
9,000
9,000
6,399
9,500
500
6%
101-3008-60123 Security & Alarm
8,133
12,000
12,000
6,683
12,000
0
0%
101-3008-60196 Annual Permits/Inspectio
6,387
6,000
6,000
5,089
8,000
2,000
33%
60 - Contract Services Totals:
207,930
2421000
242,000
158,476
279,500
37,500
17%
62 - Maintenance & Operations
101-3008-60320 Travel & Training
85
2,000
2,000
76
2,000
0
0%
101-3008-60427 Safety Gear
1,153
1,200
1,200
536
1,200
0
0%
101-3008-60431 Materials/Supplies
33,869
35,000
35,000
51,416
50,000
15,000
43%
101-3008-60432 Tools/Equipment
2,313
8,000
8,000
9,433
8,000
0
0%
101-3008-60481 Office Supplies
385
500
500
0
500
0
0%
101-3008-60667 HVAC
91,004
70,000
100,000
66,239
100,000
0
0%
101-3008-60690 Uniforms
1,864
1,700
1,700
1,733
2,000
300
20%
101-3008-60691 Maintenance/Services
55,457
60,000
70,000
70,684
90,000
20,000
33%
101-3008-61702 Facility Rent
1,100
1,100
1,100
0
0
(1,100)
-100%
62 - Maintenance & Operations Totals:
187,230
179,500
219,500
200,118
253,700
34,200
180/0
66 - Utilities
101-3008-61100 Gas - Utilities
9,648
8,500
8,500
11,292
13,000
4,500
47%
101-3008-61101 Electricity - Utilities
179,458
140,000
140,000
163,597
180,000
40,000
22%
101-3008-61200 Water - Utilities
11,396
10,000
10,000
8,485
10,000
0
0%
66 - Utilities Totals:
200,502
158,500
158,500
183,375
203,000
44,500
22%
69 - Internal Service Charges
101-3008-91842 Liability Insurance & Claii
67,000
67,000
67,000
33,500
67,000
0
0%
101-3008-98110 Information Tech Charge
85,800
103,500
103,500
51,750
103,500
0
0%
101-3008-98140 Facility & Fleet Maintenar
119,200
86,500
86,500
43,250
86,500
0
0%
69 - Internal Service Charges Totals:
272,000
257,000
257,000
128,500
257,000
0
00/0
41
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22 2022/23 2022/23 2022/23 2023/24 23/24 vs. % Change
Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 22/23 in Budget
3008 - Public Buildings Totals: 1,374,563 1,390,052 1,430,052 1,113,907 1,565,694 135,642 10%
42
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES
FY 2023/24 PROPOSED BUDGET
Department : 3008 - Public Buildings
101-3008-50101 Permanent Full Time 393,444.00
50% - Facilities Deputy Director (50% Parks Maintenance)
100% - Management Analyst
100% - Maintenance and Operations Technician
100% - Maintenance and Operations Coordinator
100% - Maintenance Worker I
101-3008-60115 Janitorial 250,000.00
Janitorial services for all public buildings including parks
101-3008-60320 Travel & Training 2,000.00
HVAC training
101-3008-60667 HVAC 100,000.00
For all public buildings including City Hall, Fritz Burns Pool, La
Quinta Park, Maintenance Yard, Public Works Office, Sports
Complex, and Wellness Center
101-3008-60691 Maintenance/Services 90,000.00
Public building repairs and maintenance
43
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
7001 - Public Works Administration
50 - Salaries and Benefits
101-7001-50101
Permanent Full Time
339,672
390,762
390,762
316,990
417,373
26,611
7%
101-7001-50150
Other Compensation
1,540
500
500
1,406
500
0
0%
101-7001-50200
PERS-City Portion
33,219
37,000
37,000
30,495
43,100
6,100
17%
101-7001-50215
Other Fringe Benefits
0
0
0
3,800
5,200
5,200
0%
101-7001-50221
Medical Insurance
59,707
99,000
99,000
52,537
95,700
(3,300)
-4%
101-7001-50222
Vision Insurance
930
0
0
721
0
0
0%
101-7001-50223
Dental Insurance
4,101
0
0
2,565
0
0
0%
101-7001-50224
Life Insurance
250
0
0
210
0
0
0%
101-7001-50225
Long Term Disability
1,820
2,100
2,100
1,939
2,600
500
28%
101-7001-50230
Workers Comp Insurance
8,400
8,400
8,400
4,200
8,400
0
0%
101-7001-50240
Social Security -Medicare
4,969
5,600
5,600
4,631
5,900
300
5%
50 -
Salaries and Benefits Totals:
454,607
543,362
543,362
419,492
578,773
35,411
7%
60 - Contract Services
101-7001-60104 Consultants 0 150,000 150,000 500 I 100,000 (50,000) -33%
60 - Contract Services Totals: 0 150,000 150,000 500 100,000 (50,000) -33%
62 - Maintenance & Operations
101-7001-60320 Travel & Training
2,597
5,000
5,000
2,207
5,000
0
0%
101-7001-60351 Membership Dues
1,350
1,500
1,500
0
1,500
0
0%
101-7001-60400 Office Supplies
714
2,000
2,000
793
2,000
0
0%
101-7001-60420 Operating Supplies
271
1,000
1,000
154
500
(500)
-50%
62 - Maintenance & Operations Totals:
4,932
9,500
9,500
3,154
9,000
(500)
-6%
69 - Internal Service Charges
101-7001-98110 Information Tech Charge
76,300
92,000
92,000
46,000 I
92,000
0
0%
69 - Internal Service Charges Totals:
76,300
92,000
92,000
46,000
92,000
0
00/0
001 - Public Works Administration Totals:
535,839
794,862
794,862
469,146
779,773
(15,089)
-2%
44
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES
FY 2023/24 PROPOSED BUDGET
Department : 7001 - Public Works Administration
101-7001-50101 Permanent Full Time 417,373.00
100% - Public Works Director/City Engineer
100% - Management Analyst
100% - Management Assistant
100% - Administrative Assistant
101-7001-60104 Consultants 100,000.00
Professional services and on -call electrical services
101-7001-60320 Travel & Training 5,000.00
Certification trainings
101-7001-60351 Membership Dues 1,500.00
American Public Works Association (APWA)
45
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
7002 - Public Works Development Service
50 - Salaries and Benefits
101-7002-50101
Permanent Full Time
120,016
125,460
125,460
102,167
132,894
7,434
6%
101-7002-50150
Other Compensation
481
0
0
341
0
0
0%
101-7002-50200
PERS-City Portion
14,642
15,100
15,100
12,129
18,100
3,000
20%
101-7002-50215
Other Fringe Benefits
0
0
0
950
1,300
1,300
0%
101-7002-50221
Medical Insurance
7,359
24,800
24,800
5,765
23,900
(900)
-4%
101-7002-50222
Vision Insurance
39
0
0
71
0
0
0%
101-7002-50223
Dental Insurance
235
0
0
488
0
0
0%
101-7002-50224
Life Insurance
54
0
0
51
0
0
0%
101-7002-50225
Long Term Disability
656
800
800
618
800
0
0%
101-7002-50230
Workers Comp Insurance
2,100
2,100
2,100
1,050
2,100
0
0%
101-7002-50240
Social Security -Medicare
1,775
1,800
1,800
1,515
1,900
100
6%
50 -
Salaries and Benefits Totals:
147,359
170,060
170,060
125,145
180,994
10,934
7%
60 - Contract Services
101-7002-60103 Professional Services
101-7002-60104 Consultants
101-7002-60183 Map/Plan Checking
60 - Contract Services Totals
55,610 95,000
3,500 5,000
96,140 150,000
95,000 66,297
5,000 3,500
150,000 64,263
100,000 5,000 6%
5,000 0 0%
150,000 0 0%
155,250 250,000 250,000 134,060 255,000 5,000 2%
62 - Maintenance & Operations
101-7002-60320 Travel & Training
0
1,000
1,000
0
1,500
500
50%
101-7002-60351 Membership Dues
0
500
500
0
500
0
0%
101-7002-60420 Operating Supplies
0
500
500
0
500
0
0%
101-7002-60450 Advertising
2,189
3,000
3,000
1,316
3,000
0
0%
62 - Maintenance & Operations Totals:
2,189
5,000
5,000
1,316
5,500
500
110/0
69 - Internal Service Charges
101-7002-98110 Information Tech Charge
101-7002-98140 Facility & Fleet Maintenar
69 - Internal Service Charges Totals:
19,100 23,000 23,000 11,500
51,100 64,900 64,900 32,450
23,000 0 0%
64,900 0 0%
70,200 87,900 87,900 43,950 87,900 0 00/0
ublic Works Development Services Totals: 374,998 512,960 512,960 304,472 529,394 16,434 4%
46
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES
Department : 7002 - Public Works Development Services
101-7002-50101 = Permanent Full Time � = 132,894.00
100% - Associate Engineer
101-7002-60103 Professional Services 100,000.00
Stormwater Commercial/Restaurant State Mandate
National Pollution Discharge Elimination Systems
101-7002-60104 Consultants 5,000.00
Project consulting services
101-7002-60183 Map/Plan Checking 150,000.00
On -call map checking and engineering civil plan check services
101-7002-60320 Travel & Training 1,500.00
For various training events including: Desert Valley Builders
Association meetings, American Public Works Association,
professional engineering review courses, and water quality/
flood seminars
101-7002-60351 Membership Dues 500.00
Board of Civil Engineers license
Other professional organizations
101-7002-60450 Advertising 3,000.00
Public hearing notices
FY 2023/24 PROPOSED BUDGET
47
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
7003 - Streets
50 - Salaries and Benefits
101-7003-50101
Permanent Full Time
193,862
248,268
248,268
153,826
217,200
(31,068)
-14%
101-7003-50105
Salaries - Overtime
547
0
0
0
0
0
0%
101-7003-50106
Standby
7,158
9,000
9,000
11,180
15,000
6,000
86%
101-7003-50107
Standby Overtime
3,536
1,000
1,000
11,555
15,000
14,000
519%
101-7003-50150
Other Compensation
481
500
500
321
500
0
0%
101-7003-50200
PERS-City Portion
18,883
18,200
18,200
12,976
16,100
(2,100)
-10%
101-7003-50215
Other Fringe Benefits
0
0
0
950
3,900
3,900
0%
101-7003-50221
Medical Insurance
39,425
74,300
74,300
31,244
71,700
(2,600)
-4%
101-7003-50222
Vision Insurance
434
0
0
231
0
0
0%
101-7003-50223
Dental Insurance
2,484
0
0
1,463
0
0
0%
101-7003-50224
Life Insurance
148
0
0
113
0
0
0%
101-7003-50225
Long Term Disability
1,071
1,600
1,600
814
1,300
(300)
-23%
101-7003-50230
Workers Comp Insurance
6,300
6,300
6,300
3,150
6,300
0
0%
101-7003-50240
Social Security -Medicare
2,969
3,600
3,600
2,557
3,000
(600)
-30%
50 -
Salaries and Benefits Totals:
277,298
362,768
362,768
230,380
350,000
(12,768)
-40/o
60 - Contract Services
101-7003-60103 Professional Services 56,904 250,000 250,000 38,941 350,000 100,000 143%
101-7003-60120 Street Cleaning/Accident! 7,849 10,000 10,000 0 10,000 0 0%
60 - Contract Services Totals: 64,753 260,000 260,000 38,941 360,000 100,000 125%
62 - Maintenance & Operations
101-7003-60320
Travel & Training
101-7003-60351
Membership Dues
101-7003-60400
Office Supplies
101-7003-60420
Operating Supplies
101-7003-60423
Supplies -Graffiti and Van
101-7003-60432
Tools/Equipment
62 - Maintenance
& Operations Totals:
897
10,000
10,000
3,716
15,000
5,000
83%
412
500
500
514
550
50
10%
59
500
500
43
500
0
0%
10,766
10,000
10,000
14,986
15,000
5,000
45%
0
0
0
104
0
0
0%
14,970
37,000
37,000
23,847
42,000
5,000
33%
27,104
58,000
58,000
43,210
73,050
15,050
46%
64 - Other Expenses
101-7003-60510 Signal Knockdowns, Cont 0 5,000 5,000 0 I 5,000 0 0%
64 - Other Expenses Totals: 0 5,000 5,000 0 5,000 0 00/0
69 - Internal Service Charges
101-7003-98110 Information Tech Charge 57,200 69,000 69,000 34,500 I 69,000 0 0%
69 - Internal Service Charges Totals: 57,200 69,000 69,000 34,500 69,000 0 00/0
7003 - Streets Totals: 426,354 754,768 754,768 347,031 857,050 102,282 20%
48
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
Department : 7003 - Streets
101-7003-50101 Permanent Full Time
101-7003-60103
101-7003-60320
101-7003-60351
101-7003-60510
100% - Traffic Operations Analyst
100% - Traffic Signal Technician (2)
Professional Services
217,200.00
350,000.00
Street division support services and unanticipated repairs suds
sidewalks, sinkholes, asphalt, and drainage channels
Sidewalk study to assess sidewalk infrastructure
Travel & Training
15,000.00
Onsite hearing tests
American Traffic Safety Services Association (ATSSA)
certification
International Municipal Signal Association (IMSA) certification
Class B commercial and eauioment operator certification
Membership Dues 550.00
CA Park and Recreations
American Traffic Safety Services Association (ATSSA)
Signal Knockdowns, Contingen 5,000.00
For traffic signal repairs due to accidents
49
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
7006 - Engineering Services
50 - Salaries and Benefits
101-7006-50101
Permanent Full Time
237,187
237,456
237,456
142,563
243,400
5,944
3%
101-7006-50105
Salaries - Overtime
0
0
0
45
500
500
0%
101-7006-50106
Standby
8,231
9,000
9,000
1,479
5,000
(4,000)
-44%
101-7006-50107
Standby Overtime
0
1,000
1,000
0
1,000
0
0%
101-7006-50150
Other Compensation
481
500
500
81
500
0
0%
101-7006-50200
PERS-City Portion
17,199
18,000
18,000
9,933
18,100
100
1%
101-7006-50215
Other Fringe Benefits
0
0
0
1,900
3,900
3,900
0%
101-7006-50221
Medical Insurance
43,615
74,300
74,300
27,789
71,700
(2,600)
-4%
101-7006-50222
Vision Insurance
563
0
0
307
0
0
0%
101-7006-50223
Dental Insurance
3,390
0
0
1,813
0
0
0%
101-7006-50224
Life Insurance
155
0
0
105
0
0
0%
101-7006-50225
Long Term Disability
1,280
1,400
1,400
814
1,500
100
7%
101-7006-50230
Workers Comp Insurance
6,300
6,300
6,300
3,150
6,300
0
0%
101-7006-50240
Social Security -Medicare
3,602
3,500
3,500
2,098
3,500
0
0%
50 -
Salaries and Benefits Totals:
322,004
351,456
351,456
192,078
355,400
3,944
10/0
60 - Contract Services
101-7006-60103 Professional Services
12,258
210,000
210,000
0
20,000
(190,000)
-760%
101-7006-60104 Consultants
28,006
60,000
60,000
17,275
60,000
0
0%
101-7006-60144 Contract Traffic Engineer
151,732
200,000
200,000
139,475
200,000
0
0%
101-7006-60145 Traffic Counts/Studies
0
20,000
20,000
0
20,000
0
0%
101-7006-60146 PM 10 - Dust Control
79,581
100,000
100,000
31,958
250,000
150,000
214%
60 - Contract Services Totals:
271,577
590,000
590,000
188,708
550,000
(40,000)
-110/0
62 - Maintenance & Operations
101-7006-60320 Travel & Training
4,588
5,000
5,000
270
5,000
0
0%
101-7006-60351 Membership Dues
475
1,100
1,100
1,619
1,100
0
0%
101-7006-60352 Subscriptions & Publicatic
0
200
200
123
200
0
0%
101-7006-60420 Operating Supplies
1,736
1,000
1,000
339
1,000
0
0%
101-7006-60427 Safety Gear
972
1,000
1,000
624
1,000
0
0%
101-7006-60690 Uniforms
1,231
2,000
2,000
391
2,000
0
0%
10,300
0
00/0
62 - Maintenance & Operations Totals: 9,002 10,300 10,300 3,366
64 - Other Expenses
101-7006-60480 Contributions to Other Ac 98,689 0 225,400 0 I 0 (225,400) -70%
64 - Other Expenses Totals: 98,689 0 225,400 0 0 (225,400) -70%
69 - Internal Service Charges
101-7006-98110 Information Tech Charge 57,200 69,000 69,000 34,500 I 69,000 0 0%
69 - Internal Service Charges Totals: 57,200 69,000 69,000 34,500 69,000 0 00/0
7006 - Engineering Services Totals: 758,472 1,020,756 1,246,156 418,652 984,700 (261,456) -24%
50
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
Department : 7006 - Engineering Services
101-7006-50101 Permanent Full Time
100% - Assistant Construction Manager
100% - Construction Inspector (2)
101-7006-60103 Professional Services
Regional scour analysis
101-7006-60104 Consultants
Project design services
101-7006-60146 PM 10 - Dust Control
243,400.00
20,000.00
60,000.00
250,000.00
Vacant city land dust control - near SilverRock, Highway 111
next to the Marriott Hotel, and other city owned land
101-7006-60320 Travel & Training 5,000.00
Coachella Valley American Public Works Association (APWA)
meetings
California Local Technical Assistance Program (LTAP) training
Geographic Information Systems (GIS) certification
National Pollutant Discharge Elimination System (NPDES)
certification
Certified Inspector trainina
101-7006-60351 Membership Dues 1,100.00
American Public Works Association (APWA)
Institute of Transportation Engineers (ITE)
American Society of Civil Engineers (ASCE)
101-7006-60352 Subscriptions & Publications 200.00
Subdivision map act books
51
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
6001 - Design & Development Administra
50 - Salaries and Benefits
101-6001-50101 Permanent Full Time
318,508
286,824
286,824
255,732
312,105
25,281
9%
101-6001-50110 Commissions & Boards
10,200
8,400
8,400
4,623
8,400
0
0%
101-6001-50150 Other Compensation
1,444
500
500
864
500
0
0%
101-6001-50200 PERS-City Portion
28,506
25,700
25,700
21,144
27,800
2,100
8%
101-6001-50215 Other Fringe Benefits
0
0
0
2,850
3,900
3,900
0%
101-6001-50221 Medical Insurance
72,739
74,300
74,300
48,976
71,700
(2,600)
-4%
101-6001-50222 Vision Insurance
739
0
0
441
0
0
0%
101-6001-50223 Dental Insurance
3,034
0
0
1,453
0
0
0%
101-6001-50224 Life Insurance
237
0
0
177
0
0
0%
101-6001-50225 Long Term Disability
1,691
1,600
1,600
1,517
1,900
300
23%
101-6001-50230 Workers Comp Insurance
6,300
6,300
6,300
3,150
6,300
0
0%
101-6001-50240 Social Security -Medicare
4,766
4,400
4,400
3,779
4,400
0
0%
101-6001-50241 Social Security -FICA
583
0
0
273
0
0
0%
50 - Salaries and Benefits Totals:
448,748
408,024
408,024
344,979
437,005
28,981
80/0
60 - Contract Services
101-6001-60104 Consultants
0
10,000
10,000
0
10,000
0
0%
101-6001-60122 Credit Card Fees
222,248
150,000
150,000
118,291
150,000
0
0%
60 - Contract Services Totals:
222,248
160,000
160,000
118,291
160,000
0
00/0
62 - Maintenance & Operations
101-6001-60320
Travel & Training
101-6001-60351
Membership Dues
101-6001-60352
Subscriptions & Publicati<
101-6001-60400
Office Supplies
101-6001-60410
Printing
101-6001-60420
Operating Supplies
101-6001-60450
Advertising
62 - Maintenance
& Operations Totals:
69 - Internal Service Charges
101-6001-98110 Information Tech Charge
101-6001-98140 Facility & Fleet Maintenar
69 - Internal Service Charges Totals:
280
5,000
5,000
2,072
5,000
0
0%
440
600
600
250
600
0
0%
119
700
700
207
700
0
0%
636
3,000
3,000
41
2,000
(1,000)
-33%
0
400
400
0
400
0
0%
1,156
1,000
1,000
708
1,000
0
0%
840
1,000
1,000
0
1,000
0
0%
3,471
11,700
11,700
3,278
10,700
(1,000)
-100/0
57,200 69,000 69,000
85,200 108,100 108,100
34,500
54.050
69,000 0 0%
08,100 0 0%
142,400 177,100 177,100 88,550 177,100 0 00/0
ign & Development Administration Totals: 816,867 756,824 756,824 555,097 784,805 27,981 4%
52
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
Department : 6001 - Design & Development Administration
101-6001-50101
Permanent Full Time
100% - Design & Development Director
100% - Administrative Assistant
100% - Administrative Technician
101-6001-60104
Consultants
Studies and predesign for projects
Disadvantaged Business Enterprise Program
101-6001-60320
Travel & Training
Staff professional development
American Planning Association (APA) Conference
101-6001-60351
Membership Dues
American Public Works Association (APWA)
101-6001-60352
Subscriptions & Publications
The Desert Sun
101-6001-60410
Printing
Materials for community events
101-6001-60450
Advertising
Public noticing requirements
312,105.00
10,000.00
5,000.00
600.00
700.00
400.00
1,000.00
53
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
6002 - Planning
50 - Salaries and
Benefits
101-6002-50101
Permanent Full Time
296,800
317,730
317,730
253,881
339,630
21,900
7%
101-6002-50150
Other Compensation
1,444
0
0
1,024
0
0
0%
101-6002-50200
PERS-City Portion
22,482
23,300
23,300
18,957
25,400
2,100
9%
101-6002-50215
Other Fringe Benefits
0
0
0
2,850
3,900
3,900
0%
101-6002-50221
Medical Insurance
40,249
74,300
74,300
40,411
71,800
(2,500)
-4%
101-6002-50222
Vision Insurance
559
0
0
499
0
0
0%
101-6002-50223
Dental Insurance
2,015
0
0
2,047
0
0
0%
101-6002-50224
Life Insurance
163
0
0
157
0
0
0%
101-6002-50225
Long Term Disability
1,668
2,000
2,000
1,591
2,100
100
6%
101-6002-50230
Workers Comp Insurance
6,300
6,300
6,300
3,150
6,300
0
0%
101-6002-50240
Social Security -Medicare
4,338
4,600
4,600
3,716
4,800
200
5%
50 -
Salaries and Benefits Totals:
376,017
428,230
428,230
328,285
453,930
25,700
7%
60 - Contract Services
101-6002-60103 Professional Services 44,602 160,000 160,000 78,406 150,000 (10,000) -5%
101-6002-60125 Temporary Agency Servii 68,526 65,000 65,000 33,343 0 (65,000) -93%
60 - Contract Services Totals: 113,128 225,000 225,000 111,749 150,000 (75,000) -27%
62 - Maintenance & Operations
101-6002-60320 Travel & Training
910
14,000
14,000
9,402
14,000
0
0%
101-6002-60351 Membership Dues
575
500
500
375
500
0
0%
101-6002-60352 Subscriptions & Publicati<
299
100
100
304
400
300
300%
101-6002-60450 Advertising
11,211
8,000
8,000
6,570
10,000
2,000
20%
24,900
2,300
12%
62 - Maintenance & Operations Totals: 12,995 22,600 22,600 16,651
69 - Internal Service Charges
101-6002-98110 Information Tech Charge 57,200 69,000 69,000 34,500 I 69,000 0 0%
69 - Internal Service Charges Totals: 57,200 69,000 69,000 34,500 69,000 0 00/0
6002 - Planning Totals: 559,340 744,830 744,830 491,185 697,830 (47,000) -6%
54
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
Department : 6002 -Planning
101-6002-50101 Permanent Full Time
101-6002-60103
101-6002-60320
100% - Planning Manager
100% - Senior Planner
100% - Associate Planner
Professional Services
Professional planning
Environmental services
Specific plan amendments
GIS consulting services
Historical Survev
Travel & Training
339,630.00
150,000.00
14,000.00
Staff professional development
Planning Commissioners Academy- League of Cities
American Planning Association (APA) Conference
101-6002-60351 Membership Dues 500.00
American Planning Association (APA)
101-6002-60352 Subscriptions & Publications 400.00
International Cost Engineering Council - CEQA books
Subdivision Map Act
Planning and zoning laws
101-6002-60450 Advertising 10,000.00
Planning hearing notices
Public notification requirements for city and development
projects - Desert Sun
Outreach workshops
55
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
6003 - Building
50 - Salaries and Benefits
101-6003-50101
Permanent Full Time
368,198
492,762
492,762
333,086
529,316
36,554
9%
101-6003-50105
Salaries - Overtime
9,531
15,000
15,000
21,916
20,000
5,000
50%
101-6003-50150
Other Compensation
2,004
2,900
2,900
1,787
2,000
(900)
-45%
101-6003-50200
PERS-City Portion
32,418
41,500
41,500
28,658
47,200
5,700
16%
101-6003-50215
Other Fringe Benefits
0
0
0
3,800
7,800
7,800
0%
101-6003-50221
Medical Insurance
90,812
148,500
148,500
80,200
143,500
(5,000)
-5%
101-6003-50222
Vision Insurance
1,088
0
0
890
0
0
0%
101-6003-50223
Dental Insurance
5,074
0
0
3,944
0
0
0%
101-6003-50224
Life Insurance
244
0
0
246
0
0
0%
101-6003-50225
Long Term Disability
2,041
3,100
3,100
2,032
3,200
100
4%
101-6003-50230
Workers Comp Insurance
10,500
12,500
12,500
6,250
12,500
0
0%
101-6003-50240
Social Security -Medicare
5,751
7,100
7,100
5,150
7,500
400
7%
101-6003-50241
Social Security -FICA
1,170
0
0
0
0
0
0%
101-6003-50251
Temporary
18,866
0
0
0
0
0
0%
50 -
Salaries and Benefits Totals:
547,698
723,362
723,362
487,960
773,016
49,654
8%
60 - Contract Services
101-6003-60118 Plan Checks 246,380 290,000 440,000 176,263 I 290,000 (150,000) -52%
60 - Contract Services Totals: 246,380 290,000 440,000 176,263 290,000 (150,000) -52%
62 - Maintenance & Operations
101-6003-60320
Travel & Training
101-6003-60351
Membership Dues
101-6003-60352
Subscriptions & Publicati<
101-6003-60420
Operating Supplies
101-6003-60425
Supplies - Field
101-6003-60690
Uniforms
62 - Maintenance
& Operations Totals:
1,907
3,000
3,000
2,010
3,000
0
0%
215
700
700
563
700
0
0%
0
3,000
3,000
2,064
1,500
(1,500)
-750%
0
600
600
604
600
0
0%
0
1,000
1,000
0
1,000
0
0%
973
2,000
2,000
242
2,000
0
0%
3,095
10,300
10,300
5,484
8,800
(1,500)
-20%
69 - Internal Service Charges
101-6003-98110 Information Tech Charge 95,400 138,000 138,000 69,000 138,000 0 0%
101-6003-98140 Facility &Fleet Maintenar 68,100 129,700 129,700 64,850 129,700 0 0%
69 - Internal Service Charges Totals: 163,500 267,700 267,700 133,850 267,700 0 00/0
6003 - Building Totals: 960,672 1,291,362 1,441,362 803,557 1,339,516 (101,846) -90/0
56
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES
FY 2023/24 PROPOSED BUDGET
Department : 6003 - Building
101-6003-50101 = Permanent Full Time 529,316.00
100% - Building Official
100% - Senior Building Inspector/Plans Examiner
100% - Building Inspector II (2)
100% - Building Inspector I
100% - Plans Examiner
101-6003-60118 Plan Checks 290,000.00
Consulting services as needed to support plan check review
services
101-6003-60320 Travel & Training 3,000.00
CA Building Officials (CALBO)
International Code Council certifications
101-6003-60351 Membership Dues 700.00
CA Building Officials (CALBO)
International Association of Plumbing and Mechanical Officials
(IAPMO)
101-6003-60352 Subscriptions & Publications
1,500.00
Updated California Building Code books and other professional
subscriptions
57
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
6006 - The Hub
50 - Salaries and Benefits
101-6006-50101
Permanent Full Time
401,194
570,282
570,282
373,631
543,590
(26,692)
-5%
101-6006-50102
Salaries - Part Time
31,639
71,500
71,500
44,204
80,900
9,400
31%
101-6006-50150
Other Compensation
2,407
0
0
1,707
0
0
0%
101-6006-50200
PERS-City Portion
38,760
48,200
48,200
36,365
56,500
8,300
19%
101-6006-50215
Other Fringe Benefits
0
0
0
4,750
9,100
9,100
0%
101-6006-50221
Medical Insurance
96,114
198,000
198,000
99,144
167,300
(30,700)
-21%
101-6006-50222
Vision Insurance
1,219
0
0
1,060
0
0
0%
101-6006-50223
Dental Insurance
5,875
0
0
5,815
0
0
0%
101-6006-50224
Life Insurance
285
0
0
312
0
0
0%
101-6006-50225
Long Term Disability
2,242
3,600
3,600
2,316
3,300
(300)
-11%
101-6006-50230
Workers Comp Insurance
14,700
16,700
16,700
8,350
16,700
0
0%
101-6006-50240
Social Security -Medicare
6,276
8,100
8,100
6,059
7,600
(500)
-7%
50 -
Salaries and Benefits Totals:
600,711
916,382
916,382
583,714
884,990
(31,392)
-4%
60 - Contract Services
101-6006-60103 Professional Services 54,165 70,000 70,000 0 0 (70,000) -64%
101-6006-60125 Temporary Agency Servi( 40,871 60,000 60,000 41,584 0 (60,000) -120%
60 - Contract Services Totals: 95,036 130,000 130,000 41,584 0 (130,000) -81%
62 - Maintenance & Operations
101-6006-60137 Community Special Eveni
101-6006-60320 Travel & Training
101-6006-60351 Membership Dues
101-6006-60420 Operating Supplies
101-6006-60450 Advertising
62 - Maintenance & Operations Totals:
69 - Internal Service Charges
101-6006-98110 Information Tech Charge
69 - Internal Service Charges Totals;
0
1,645
150
3,344
0
0
2,000
200
4,000
0
0
2,000
200
4,000
0
0
881
0
3,812
0
0
10,000
0
5,000
0
0
8,000
(200)
1,000
0
0%
400%
-100%
25%
0%
5,140
6,200
6,200
4,693
15,000
8,800
79%
133,500
183,900
183,900
91,950
I 183,900
0
0%
133,500
183,900
183,900
91,950
183,900
0
00/0
6006 - The Hub Totals: 834,387 1,236,482 1,236,482 721,941 1,083,890 (152,592) -14%
58
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
Department : 6006 - The Hub
101-6006-50101 Permanent Full Time
100% - Hub Manager
100% - Permit Technician (5)
100% - Administrative Assistant
101-6006-50102 Salaries - Part Time
100% - Software Program Writer P/T
101-6006-60320 Travel & Training
543,590.00
80,900.00
10,000.00
Tyler Annual Conference
California Municipal Revenue & Tax Annual Conference
Structured Query Language (SQL) training
Fred Pryor- Technical & management training
59
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
1006 - Finance
50 - Salaries and Benefits
101-1006-50101
Permanent Full Time
689,082
817,530
817,530
671,440
872,950
55,420
7%
101-1006-50110
Commissions & Boards
1,950
3,700
3,700
1,350
3,700
0
0%
101-1006-50150
Other Compensation
2,407
0
0
2,627
0
0
0%
101-1006-50200
PERS-City Portion
60,175
69,700
69,700
58,270
83,500
13,800
20%
101-1006-50201
PERS-Employee Portion
0
0
0
0
0
0
0%
101-1006-50210
PERS-Survivor Benefits
0
0
0
(2)
0
0
0%
101-1006-50215
Other Fringe Benefits
0
0
0
8,455
11,570
11,570
482%
101-1006-50221
Medical Insurance
146,260
220,300
220,300
137,301
212,800
(7,500)
-4%
101-1006-50222
Vision Insurance
1,724
0
0
1,507
0
0
0%
101-1006-50223
Dental Insurance
6,777
0
0
6,112
0
0
0%
101-1006-50224
Life Insurance
388
0
0
420
0
0
0%
101-1006-50225
Long Term Disability
3,842
5,000
5,000
4,103
5,400
400
9%
101-1006-50230
Workers Comp Insurance
17,600
17,600
17,600
8,800
17,600
0
0%
101-1006-50240
Social Security -Medicare
10,020
11,700
11,700
9,756
12,400
700
6%
101-1006-50241
Social Security -FICA
121
0
0
84
0
0
0%
50 -
Salaries and Benefits Totals:
940,346
1,145,530
1,145,530
910,222
1,219,920
74,390
7%
60 - Contract Services
101-1006-60102 Administration
12,814
20,000
20,000
10,004
20,000
0
0%
101-1006-60103 Professional Services
29,028
62,000
62,000
13,721
70,000
8,000
13%
101-1006-60104 Consultants
37,532
40,000
40,000
55,413
50,000
10,000
25%
101-1006-60106 Auditors
37,250
80,000
80,000
60,220
80,000
0
0%
101-1006-60122 Credit Card Fees
840
3,000
3,000
1,180
1,500
(1,500)
-50%
60 - Contract Services Totals:
117,464
205,000
205,000
140,537
221,500
16,500
90/0
62 - Maintenance & Operations
101-1006-60137 Community Engagement
0
1,500
1,500
335
1,500
0
0%
101-1006-60320 Travel & Training
6,275
25,000
25,000
8,156
25,000
0
0%
101-1006-60351 Membership Dues
2,859
3,500
3,500
3,238
3,500
0
0%
101-1006-60352 Subscriptions & Publicati<
1,392
2,200
2,200
2,020
2,200
0
0%
101-1006-60400 Office Supplies
1,811
2,500
2,500
848
2,500
0
0%
101-1006-60410 Printing
2,342
5,000
5,000
1,990
5,000
0
0%
101-1006-60450 Advertising
172
1,000
1,000
0
1,000
0
0%
62 - Maintenance & Operations Totals:
14,851
40,700
40,700
16,586
40,700
0
00/0
69 - Internal Service Charges
101-1006-98110 Information Tech Charge
168,500
204,600
204,600
102,300 I
204,600
0
0%
69 - Internal Service Charges Totals:
168,500
204,600
204,600
102,300
204,600
0
00/0
1006 - Finance Totals:
1,241,161
1,595,830
1,595,830
1,169,646
1,686,720
90,890
6%
60
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES
FY 2023/24 PROPOSED BUDGET
Department : 1006 - Finance
101-1006-50101 Permanent Full Time 872,950.00
90% - Finance Director (10% Housing Fund)
100% - Financial Services Analyst
100% - Accounting Manager
100% - Accountant
100% - Junior Accountant
100% - Account Technician (3)
100% - Management Assistant
101-1006-60102 Administration 20,000.00
Bank service fees
Fiscal custodian fees
101-1006-60103 Professional Services 70,000.00
Financial Advisory Commission Subcommittee Support
Professional accounting support
Armored Car Services
Annual Budget -at -a -Glance
Third party audits & policy verifications
State Controller's Report - Citywide
Pension Plan Review Consulting Services
OPEB annual third -party valuation. retiree health
101-1006-60104 Consultants 50,000.00
Property tax revenue analysis
Sales tax revenue analysis
101-1006-60137 Community Engagement 1,500.00
Community workshop and budget outreach
61
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES
FY 2023/24 PROPOSED BUDGET
101-1006-60320 Travel & Training 25,000.00
California Society of Municipal Finance Officers (CSMFO) Annual
Conference
California Municipal Treasurers Association (CMTA) Conference
League of California Cities Conference
Tyler ERP 10 training - Financial software
Annual GASB update training
Various half -day classes: CSMFO, GFOA, CAPPO
101-1006-60351 Membership Dues 3,500.00
CA Municipal Finance Officers Association (CSMFO)
CA Municipal Treasurer Association (CMTA)
Government Finance Officers Association (GFOA)
CA Assoc. of Public Procurement Officials (CAPPO)
UCLA Economic Forecast
101-1006-60352 Subscriptions & Publications 2,200.00
Annual Comprehensive Financial Report (ACFR) statistical data
reports
101-1006-60410 Printing 5,000.00
Accounts Payable and Payroll checks
Budget and financial reports - covers and tabs
Financial Advisory Commission reports
101-1006-60450 Advertising 1,000.00
Newspaper advertisements for surplus sales and Request for
Proposals
62
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
1007 - Central Services
50 - Salaries and Benefits
101-1007-50109
Vacation & Sick Leave Bu
128,834
150,000
150,000
123,320
150,000
0
0%
101-1007-50115
Contingency for Stafffing
7,386
900,000
900,000
0
1,500,000
600,000
150%
101-1007-50117
PERS - Unfunded Pensior
3,593,526
2,241,600
12,441,600
12,427,058
950,000
(11,491,600)
-320%
101-1007-50200
PERS-City Portion
0
0
0
1,539
0
0
0%
101-1007-50221
Medical Insurance
0
0
0
926
0
0
0%
101-1007-50222
Vision Insurance
0
0
0
14
0
0
0%
101-1007-50223
Dental Insurance
0
0
0
66
0
0
0%
101-1007-50224
Life Insurance
0
0
0
4
0
0
0%
101-1007-50225
Long Term Disability
0
0
0
28
0
0
0%
101-1007-50240
Social Security -Medicare
1,868
0
0
1,789
0
0
0%
101-1007-50243
Employer Contrib Retiree
29,641
36,000
36,000
20,950
35,000
(1,000)
-3%
101-1007-50244
State Unemployment Ins
11,991
25,000
25,000
20,230
25,000
0
0%
50 -
Salaries and Benefits Totals:
3,773,246
3,352,600
13,552,600
12,595,923
2,660,000
(10,892,600)
-255%
62 - Maintenance & Operations
101-1007-60351
Membership Dues
101-1007-60401
Operating Supplies
101-1007-60402
Forms, Copier Paper
101-1007-60403
Citywide Supplies
101-1007-60405
Miscellaneous Supplies
101-1007-60470
Postage
101-1007-60535
Sales Tax Reimbursemen
101-1007-60536
TOT Resort Rebate Progr
101-1007-60661
Postage Machine
101-1007-60663
Typewriters
62 - Maintenance
& Operations Totals:
64 - Other Expenses
101-1007-60213 Interest Expense
64 - Other Expenses Totals
120
200
200
120
200
0
0%
0
1,000
1,000
0
1,000
0
0%
2,628
5,000
5,000
3,426
5,000
0
0%
9,794
8,000
8,000
7,369
8,000
0
0%
0
1,000
1,000
227
1,000
0
0%
18,133
25,000
25,000
17,493
25,000
0
0%
72,799
60,000
60,000
52,972
0
(60,000)
-80%
50,000
100,000
300,000
0
100,000
(200,000)
-80%
1,026
13,000
13,000
12,351
13,000
0
0%
227
0
0
0
0
0
0%
154,728
213,200
413,200
93,959
153,200
(260,000)
-69%
779
0
0
0
I 0
0
0%
779
0
0
0
0
0
00/0
68 - Capital Expenses
101-1007-71050 Buildings
(5,400)
0
0
0
0
0
0%
101-1007-74010 Land Acquisition
604,525
20,000
480,000
452,554
500,000
20,000
3%
68 - Capital Expenses Totals:
599,125
20,000
480,000
452,554
500,000
20,000
3%
69 - Internal Service Charges
101-1007-91842 Liability Insurance & Claii
529,000
529,000
529,000
264,500
529,000
0
0%
101-1007-91843 Property & Crime Insurar
25,500
25,500
25,500
12,750
25,500
0
0%
101-1007-91844 Earthquake Insurance
67,000
67,000
67,000
33,500
67,000
0
0%
101-1007-98110 Information Tech Charge
95,400
115,000
115,000
57,500
115,000
0
0%
101-1007-98140 Facility & Fleet Maintenar
67,650
85,800
85,800
42,900
85,800
0
0%
69 - Internal Service Charges Totals:
784,550
822,300
822,300
411,150
822,300
0
00/0
99 - Transfers Out
101-1007-99900 Transfers Out 4,415,303 10,039,000 46,848,086 3,358,516 I 14,659,000 (32,189,086) -89%
99 - Transfers Out Totals: 4,415,303 10,039,000 63 46,848,086 3,358,516 14,659,000 (32,189,086) -890/0
CITY OF LA QUINTA GENERAL FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22 2022/23 2022/23 2022/23 2023/24 23/24 vs. % Change
Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 22/23 in Budget
1007 - Central Services Totals: 9,727,730 14,447,100 62,116,186 16,912,102 18,794,500 (43,321,686) -103%
64
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
Department : 1007 - Central Services
101-1007-50115 Contingency for Stafffing
1,500,000.00
Workforce flexibility
Work within Class and Compensation structure
Manage CalPERS increases
Ensure job rates reflect market rates
101-1007-50117 PERS - Unfunded Pension Liabi 950,000.00
Annual minimum CalPERS requirement to long-term pension
liability. Based on valuation reports - inflation assumed at
2.3% with discount rate of 6.8%. Contribution per pension tier
is as follows:
Tier 1 - Classic $930,000
Tier 2 - None
PEPRA Tier - None
101-1007-50244 State Unemployment Insuranc 25,000.00
101-1007-60351 Membership Dues 200.00
Costco membership
101-1007-60536 TOT Resort Rebate Program 100,000.00
To promote new tourism activities within the City and encourage
citywide participation and innovation proposals; rebate for hotels
collecting resort fees up to $50,000 per proposal
101-1007-74010 Land Acquisition
500,000.00
Engineering maps, property survey & title search services
65
CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
101-1007-99900
Transfers Out 14,659,000.00
Amount
Art in Public Places - Maintenance/Installation
50,000
CIP GF - Citywide Drainage Improvements
477,000
CIP GF - Citywide PMP Street Improvements
1,500,000
CIP GF - Fritz Burns Park Improvements
1,500,000
CIP GF - LLD Median Improvements
500,000
CIP GF - Sidewalk & ADA Ramp Improvements
75,000
CIP GF - SilverRock Dust Control
1,000,000
CIP GF - X Park Building ADA Improvements
350,000
Gas Tax Fund - Supplement Operations
500,000
Law Enforcement Fund - Deceased LQ Officers
2,000
LLD Fund - Supplement Maint. Operations
1,500,000
Measure G - Avenue 48 Art & Music Line
2,400,000
Measure G - Fritz Burns Park Improvements
1,500,000
Measure G - Highway 111 Event Site
500,000
Measure G - Hwy 111 Corridor Implementation
1,000,000
Measure G - Washington St Connector- Art & Music
1,200,000
PARS Supplemental Pension Plan
5,000
SilverRock Resort
600,000
66
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CITY OF LA QUINTA
INTERNAL SERVICE FUND EXPENSE DETAILS
FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23 2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity* Proposed Budget
Current 22/23
in Budget
501 - FACILITY & FLEET REPLACEMENT
0000 - Undesignated
60 - Contract Services
501-0000-60213 Interest Expense
2,982
0
0
0 I 0
0
0%
60 - Contract Services Totals:
2,982
0
0
0 0
0
00/0
62 - Maintenance & Operations
501-0000-60674
Fuel & Oil
501-0000-60675
Parts, Accessories, and U
501-0000-60676
Vehicle Repair & Mainter
501-0000-60677
HAZMAT Containment an
501-0000-60678
Street Sweeper
501-0000-60679
Motorcycle Repair & Main
62 - Maintenance & Operations Totals:
63 -Insurance
501-0000-91843 Property & Crime Insurar
63 - Insurance Totals:
68 - Capital Expenses
501-0000-71020
Furniture
501-0000-71030
Vehicles, Rentals & Lease
501-0000-71031
Vehicles, Purchased
501-0000-71032
Building Leases
501-0000-71103
City Bldg Repl/Repair
501-0000-71110
Depreciation Expense
501-0000-71111
Deprec Exp - Mach & EqL
501-0000-71112
Depreciation Expense - B
501-0000-71113
Depreciation Expense - V
501-0000-71114
Depreciation Expense - N
501-0000-71121
Depreciation Expense - P
501-0000-80100
Machinery & Equipment
68 -
Capital Expenses Totals:
122,100
90,000
130,000
104,022
155,000
25,000
19%
8,844
25,000
180,000
114,933
100,000
(80,000)
-44%
52,154
55,000
55,000
61,852
100,000
45,000
82%
0
0
0
4,291
0
0
0%
571
10,000
10,000
119
10,000
0
0%
8,247
10,000
10,000
11,200
10,000
0
0%
191,915
190,000
385,000
296,417
375,000
(10,000)
-30/b
13,750 13,750 13,750 6,875 13,750 0 0%
13,750 13,750 13,750 6,875 13,750 0 00/0
11,462
25,000
25,000
12,741
25,000
0
0%
122,430
180,000
180,000
72,263
85,000
(95,000)
-53%
(35,810)
400,000
479,000
416,160
75,000
(404,000)
-84%
2,982
40,000
40,000
33,974
40,000
0
0%
40,472
230,000
230,000
167,239
230,000
0
0%
2,002
0
0
0
0
0
0%
87,273
50,000
50,000
0
50,000
0
0%
53,692
25,000
25,000
0
25,000
0
0%
231,361
100,000
100,000
0
100,000
0
0%
33,304
5,000
5,000
0
5,000
0
0%
44
0
0
0
0
0
0%
1,810
300,000
500,000
76,579
375,000
(125,000)
-25%
551,022
1,355,000
1,634,000
778,956
1,010,000
(624,000)
-38%
99 - Transfers Out
501-0000-99900 Transfers Out 0 50,000 181,964 0 I 50,000 (131,964) -73%
99 - Transfers Out Totals: 0 50,000 181.964 0 50,000 (131,9641 -73%
0000 - Undesignated Totals: 759,669 1,608,750 2,214,714 1,082,249 1,448,750 (765,964) -35%
FACILITY & FLEET REPLACEMENT Totals: 759,669 1,608,750 2,214,714 1,082,249 1,448,750 (765,964) -35%
67
CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
Fund: 501 - FACILITY & FLEET REPLACEMENT
501-0000-71030 Vehicles, Rentals & Leases
85,000.00
City vehicles are leased through Enterprise
501-0000-71103 City Bldg Repl/Repair 230,000.00
Building Repairs
Wellness Center kitchen update
501-0000-80100 Machinery & Equipment 375,000.00
Compact skid steer loader, dump truck. mini tracked
excavator, and work cart with hydraulic dump
68
CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
502 - INFORMATION TECHNOLOGY
0000 - Undesignated
50 - Salaries and Benefits
502-0000-50101 Permanent Full Time
32,378
33,354
33,354
28,104
35,842
2,488
7%
502-0000-50200 PERS-City Portion
2,387
2,500
2,500
2,028
2,700
200
8%
502-0000-50215 Other Fringe Benefits
0
0
0
380
520
520
0%
502-0000-50221 Medical Insurance
4,720
9,900
9,900
4,022
9,600
(300)
-3%
502-0000-50222 Vision Insurance
38
0
0
14
0
0
0%
502-0000-50223 Dental Insurance
89
0
0
66
0
0
0%
502-0000-50224 Life Insurance
22
0
0
21
0
0
0%
502-0000-50225 Long Term Disability
179
300
300
169
300
0
0%
502-0000-50240 Social Security -Medicare
469
500
500
408
600
100
20%
50 - Salaries and Benefits Totals:
40,283
46,554
46,554
35,212
49,562
3,008
6%
60 - Contract Services
502-0000-60104 Consultants
390,383
480,000
480,000
348,514
480,000
0
0%
502-0000-60108 Technical
41,939
65,000
65,000
33,601
65,000
0
0%
502-0000-60300 Maintenance Agreements
10,957
6,000
6,000
28,997
6,000
0
0%
502-0000-60301 Software Licenses
497,421
900,000
900,000
390,033
900,000
0
0%
60 - Contract Services Totals:
940,700
1,451,000
1,451,000
801,146
1,451,000
0
00/0
62 - Maintenance & Operations
502-0000-60320 Travel & Training
0
500
500
0
500
0
0%
502-0000-60420 Operating Supplies
10,354
5,000
5,000
7,263
5,000
0
0%
502-0000-60662 Copiers
35,686
80,000
80,000
27,197
80,000
0
0%
62 - Maintenance & Operations Totals:
46,039
85,500
85,500
34,460
85,500
0
00/0
66 - Utilities
502-0000-61300 Telephone - Utilities
502-0000-61301 Cell/Mobile Phones
502-0000-61400 Cable/Internet - Utilities
66 - Utilities Totals
68 - Capital Expenses
502-0000-71020
Furniture
502-0000-71042
D & D, Software Enhance
502-0000-71043
Comm. Resources, Softw
502-0000-71047
City Clerk, Software Enhz
502-0000-71048
Public Works, Software E
502-0000-71049
Software Implementatior
502-0000-71110
Depreciation Expense
502-0000-71111
Deprec Exp - Mach & EqL
502-0000-71115
Depreciation Expense - S
502-0000-80100
Machinery & Equipment
502-0000-80103
Computers
68 -
Capital Expenses Totals:
39,973
47,516
35,000
50,000
75,000
35,000
50,000
75,000
43,284
42,523
35,000 0 0%
60,000 10,000 20%
85,000 10,000 13%
142,826 160,000 160,000 144,038 180,000 20,000 13%
298
0
0
0
0
0
0%
10,670
0
0
0
0
0
0%
8,990
0
0
0
0
0
0%
2,590
0
0
0
0
0
0%
17,676
0
0
0
0
0
0%
16,881
100,000
100,000
130,036
500,000
400,000
400%
28,878
5,000
5,000
0
5,000
0
0%
28,172
60,000
60,000
0
60,000
0
0%
27,083
70,000
70,000
0
70,000
0
0%
57,814
200,000
300,000
140,682
250,000
(50,000)
-17%
54,084
80,000
80,000
18,415
280,000
200,000
250%
253,136
515,000
615,000
289,134
1,165,000
550,000
89%
0000 - Undesignated Totals: 1,422,985 2,258,054 2,358,054 1,303,990 2,931,062 573,008 24%
69
CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE DETAILS FY 2023/24 PROPOSED BUDGET
2021/22 2022/23 2022/23 2022/23 2023/24 23/24 vs. % Change
Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 22/23 in Budget
i02 - INFORMATION TECHNOLOGY Totals: 1,422,985 2,258,054 2,358,054 1,303,990 2,931,062 573,008 24%
70
CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
Fund: 502 - INFORMATION TECHNOLOGY
502-0000-50101 Permanent Full Time 35,842.00
40% - Management Analyst (60% Housing Fund)
502-0000-60104 Consultants 480,000.00
Contracted information technology services
502-0000-60108 Technical 65,000.00
Cable services, wireless access points, modems, and virtual
servers
502-0000-60320 Travel & Training 500.00
Fraud prevention, firewall, encryption, coding, and other IT -
related trainings
502-0000-60420 Operating Supplies 5,000.00
Small equipment such as keyboards, computer mouses, cables,
conference room TV's, speakers, docking stations, etc.
502-0000-80100 Machinery & Equipment 250,000.00
Aging inventory upgrades per 5-year plan
71
CITY OF LA QUINTA
INTERNAL SERVICE FUND EXPENSE DETAILS
FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
503 - PARK EQUIP & FACILITY FUND
0000 - Undesignated
68 - Capital Expenses
503-0000-71060 Parks
139,144
545,000
1,618,000
127,638
2,242,200
624,200
39%
503-0000-71110 Depreciation Expense
1,303
0
0
0
0
0
0%
503-0000-71122 Depreciation Expense - C
496,933
0
0
0
0
0
0%
68 - Capital Expenses Totals:
637,380
545,000
1,618,000
127,638
2,242,200
624,200
39%
0000 - Undesignated Totals: 637,380 545,000 1,618,000 127,638 2,242,200 624,200 39%
3 - PARK EQUIP & FACILITY FUND Totals: 637,380 545,000 1,618,000 127,638 2,242,200 624,200 39%
72
CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
Fund: 503 - PARK EQUIP & FACILITY FUND
503-0000-71060 Parks 2,242,200.00
Citywide park enhancements to include:
Shade structures, drinking fountains, fitness equipment
replacement, playground structures and other amenities
73
CITY OF LA QUINTA
INTERNAL SERVICE FUND EXPENSE DETAILS
FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
504-INSURANCE FUND
1010 - Insurance
60 - Contract Services
504-1010-60320 Travel & Training
0
500
500
0
5,000
4,500
900%
504-1010-60351 Membership Dues
0
200
200
0
1,000
800
400%
60 - Contract Services Totals:
0
700
700
0
6,000
5,300
757%
62 - Maintenance & Operations
504-1010-60420 Operating Supplies
62 - Maintenance & Operations Totals
63 -Insurance
504-1010-60441
Liability Insurance
504-1010-60442
Claims
504-1010-60443
Property Insurance
504-1010-60446
Crime Insurance
504-1010-60447
Earthquake Insurance
504-1010-60452
Workers Comp Premium
63 - Insurance Totals
6,542 12,500 12,500 3,430 12,500 0 0%
6,542 12,500 12,500 3,430 12,500 0 0%
446,349
419,000
419,000
418,878
395,000
(24,000)
-6%
0
2,500
2,500
0
2,500
0
0%
144,771
160,000
160,000
159,738
190,000
30,000
19%
1,800
4,000
4,000
1,800
2,000
(2,000)
-50%
175,980
200,000
200,000
124,588
240,000
40,000
20%
146,173
185,400
185,400
185,353
270,000
84,600
46%
915,073
970,900
970,900
890,357
1,099,500
128,600
13%
1010 - Insurance Totals: 921,615 984,100 984,100 893,787 1,118,000 133,900 14%
504 - INSURANCE FUND Totals: 921,615 984,100 984,100 893,787 1,118,000 133,900 14%
74
CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
Fund: 504 - INSURANCE FUND
504-1010-60320 Travel & Training
504-1010-60351
504-1010-60420
5,000.00
California Joint Powers Insurance Authority (CJPIA)
Public Agency Risk Management Association (PARMA)
Membership Dues
1,000.00
Public Agency Risk Management Association (PARMA) members
Operating Supplies
12,500.00
Ergonomic assessments and first aid kit supplies/maintenance
75
THIS PAGE INTENTIONALLY LEFT BLANK
DEPARTMENTAL REPORT ITEM NO.1
City of La Qu i nta
FINANCIAL ADVISORY COMMISSION MEETING
DEPARTMENT REPORT
TO: Members of the Financial Advisory Commission
FROM: Claudia Martinez, Finance Director
DATE: May 10, 2023
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
• Citywide Comprehensive fiscal year 2021/22 Audit — in final review phase
COMMITTEE UPDATES
• FY 2023/24 General Fund Operating Budget (Commissioners Mast and
Way)
o The FY 2023/24 budget process is in process by City staff and
management. Initial requests and projections have been entered into
the financial system and study sessions at public meetings are
underway.
o The subcommittee has met and discussed the budget process and
general fund revenue projections. A second meeting will be held on
May 11, 2023 and will cover updated revenue projections,
expenditure requests, and proposed use of Measure G sales tax
revenue.
• 10-Year Projection Task Force (Commissioners Anderson, Batavick, and
Dorsey)
o Conducted initial meeting on January 20, 2023
o Additional meetings to be scheduled in July after budget adoption
• Auditing Services Selection Committee
o Review committee will be selected at the June meeting
• Financial Statement and Audit training to be scheduled for entire
Commission
CITY COMMISSIONER SEATS
• Available City Commissioner Seats:
o Financial Advisory Commission - 2 Seats
o Planning Commission -4 Seats
o Community Services Commission - 2 Seats
o Housing Commission — 1 Seat
o Coachella Valley Conservation Commission Trails Management
Subcommittee - 1 Seat
• All Seats are for a three-year term ending June 30, 2026
• Applications must be submitted to the City Clerk's Office by June 5, 2023,
at 5:00 p.m.
• Interviews will be conducted by the City Council/Housing Authority on June
20, 2023, at 5:00 p.m.
• For an application and more information please contact the City Clerk's
office at 760-777-7123 or visit: https://www.laguintaca.gov/our-city/city-
government/boards-and-commissions
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.
DEPARTMENTAL REPORT ITEM NO. 2
City of La Qu i nta
FINANCIAL ADVISORY COMMISSION MEETING
DEPARTMENT REPORT
TO: Members of the Financial Advisory Commission
FROM: Rosemary Hallick, Financial Services Analyst
DATE: May 10, 2023
SUBJECT: FOURTH QUARTER 2022 (OCTOBER-DECEMBER) SALES TAX
UPDATE FOR THE CITY OF LA QUINTA
The attached report was prepared by consultants HdL Companies as an update of sales
tax receipts for fourth quarter sales from October to December 2022.
• La Quinta's overall adjusted sales tax receipts for major industry groups increased
2.7%, which compared to Riverside County with a 5.7% increase and the state
with a 4.7% increase. The increase was in part driven by the county pool, along
with the Restaurants and Hotels and General Consumer Goods sectors. Details
may be found in the attached Sales Tax Update prepared by HdL.
• The City's sales -per -capita remains higher than both the county and state
averages.
PQF_4.UE UR5
La Quinra
f wer3WCmrntr
!M_l n Califorxtia
40. 1Q :M 3Q 40 10 2Q :�Q 40 10
19 2C 2C 20 7.0 21 21 21 21 22
$12,000
Si D,DDO
$3,03
$6,00
$• OM
$2,LJM
2,0 3D 4Q
22 22 22
• General consumer goods (such as department stores) made up 38% of sales tax
revenue and 43% of Measure G revenue.
• Autos and transportation made up 8% of sales tax revenue and 13% of Measure
G revenue.
• The City continues to benefit from online purchasing in the form of the County pool
share, which was 16% of our sales tax revenue.
4022 Percent of Total
Sales Tax
Fai:..
Fuel and and
Service C-L;.; a
�taiJons
Autos
and;
7ransportation�
Building
and
Construction
Bushess
and
Industry
Building
and
Conatruction
Autos '
and
Trar►sponabort
Busine:�s
r., a
Restaurants
and
H otels
4022 Percent of Total
Fuel and Food
Service and
Statiars Drugs
71%m
Restaurants
and
Hotels
Measure
General
Consumer
Goods
General
Coasume!
Goads
The City continuously monitors local development, economic conditions, impacts on travel
and trade, and legislative and judicial news for any potential changes to sales tax
collections. The City's fiscal year 2022/23 budget was conservatively forecast based on
known information as of Spring 2022; and may be subject to amendments throughout the
year.
The current fiscal year 2022/23 budget (inclusive of adjustments made during the mid-
year process and approved by Council on February 21, 2023) and year-to-date sales tax
collections are shown in the chart below.
Quarter
Payment
Bradley Burns 33060
Measure G 520
MG % of BB
3
July 2022 Advance
$
899,897
$
1,100,441
122.29%
3
August 2022 Advance
$
1,138,925
$
1,328,947
116.68%
3
September 2022 3rd Qtr Payment
$
405,447
$
858,514
211.74%
3 Total
2022
$
2,444,270
$
3,287,902
134.51%
4
October 2022 Advance
$
1,228,968
$
1,455,913
118.47%
4
November 2022 Advance
$
1,028,053
$
1,236,285
120.25%
4
December 2022 4th Qtr Payment
$
1,378,373
$
1,762,443
127.86%
4 Total
2022
$
3,635,394
$
4,454,640
122.54%
1
January 2023 advance
$
1,208,100
$
1,420,306
117.57%
1
February 2023 advance
$
1,234,646
$
1,429,458
115.78%
1
March 2023 1st Qtr Payment
1 Total
2023
2,442,747
2,849,764
116.66%
FY 2022/23 Total YTD
$
8,522,411
$
10,592,307
124.29%
FY 2022/23 Current Budget
12,250,000
15,500,000
126.53%
Attachment 1: HdL Q4 2022 Sales Tax Update
ATTACHMENT
CITY OF LA QU I NTA
SALES TAX UPDATE
4Q 2022 (OCTOBER - DECEMBER)
`Allocation aberrations have been adjusted to reflect sales activity
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
M
General Restaurants
Consumer and
Goods Hotels
F,
SALES TAX BY MAJOR BUSINESS GROUP
H
County Building Autos Fuel and Food
and State and and Service and
Pools Construction Transportation Stations Drugs
CITY OF LA QUINTA HIGHLIGHTS
La Quinta's receipts from October inflation, critical labor shortages, supply
through December were 5.6% above the chain issues and rising interest rates all
fourth sales period in 2021. Excluding factored into results for the business -
reporting aberrations, actual sales were industry sector, keeping revenue
up 2.7%. relatively flat in the fourth quarter.
Consumers continue to prioritize eating Both fuel -service stations and food -
out, resulting in increased revenue from drugs remained relatively flat when
restaurants -hotels. There were mixed compared to the year-ago period.
results in the general consumer goods
category. A few key retailers performed Measure G, the City's 1.0% voter -
well, lifting overall results for the approved transactions and use tax,
category. brought in an additional $4,430,180 in
revenue.
The rebound in construction spending
caused an increase in totals from Net of aberrations, taxable sales for the
building -construction. Southern California region was up 5.1%
The potential for recession, continued over the comparable time period.
11
Legend
Q4 2021 *
- • Q4 2022*
Business
and
Industry
( D TOP 25 PRODUCERS
Arco AM PM
Best Buy
Cart Mart
Circle K
Costco
Floor & Decor
G&MOil
Genesis/Hyundai of La
Quinta
Hobby Lobby
Home Depot
Kohls
La Quinta Chevrolet &
Cadillac
La Quinta Resort & Club
Lavender Bistro
Lowes
Marshalls
PGA WEST Private
Clubhouse & Golf
Courses
Ross
Target
TJ Maxx
Torre Nissan
Tower Mart
Ulta Beauty
Vons
Walmart Supercenter
HdL° Companies
www.hdlcompanies.com 1888.861.0220 Published by HdL Companies in Spring 2023
(S) STATEWIDE RESULTS
California's local one cent sales and use
tax receipts for sales during the months
of October through December were 4.7%
higher than the same quarter one year ago
after adjusting for accounting anomalies.
A holiday shopping quarter, the most
consequential sales period of the year,
experienced solid results which lifted
revenue to local agencies across the State.
Overall, general consumer goods
growth was up a meager 1.8%, in large
part from merchants also selling gas
as prices remained elevated over last
year. Otherwise, many brick and mortar
retailers experienced mixed results as the
phenomenal prior year activity made for
an extremely difficult comparison. This was
especially true for jewelry stores receipts
which had soared tremendously after the
pandemic as consumers diversified readily
available cash into other assets.
Commuters and seasonal travelers were
again burdened with gas prices above $5
per gallon in most of the State, leaving fuel -
service stations 10% higher than a year ago.
However, this trend did not distract from
spending at local restaurants and hotels.
Increased menu prices and return -to -office
workplaces enhanced gains, with the Bay
Area experiencing it's greatest amount of
post -pandemic rebound.
Although inventory shortages negatively
impacted unit sales and leasing activity
throughout 2022, year-end returns by new
car dealers, especially high -end luxury and
electric/hybrid brands, sustained auto -
transportation sector gains. In contrast,
rising interest rates and higher gas prices
pulled trailer -RV revenues lower. Steady
housing demand and pend up construction
projects delayed by supply chain
interruptions have contractors contributing
the majority of growth within the building -
construction sector. With rising interest
rates tempering selling activity, property
owners are still likely to maintain home
improvement spending.
Use taxes remitted via the countywide
pools rose a scant 0.3%. While national
ecommerce spending behaviors climbed
upward again, expansion of more in -state
fulfilment centers plus retailers using
existing locations to deliver goods tied to
online orders shifted taxes away from pools.
The offsetting effect was these dollars being
directed to local agency's coffers where
the goods resided. This evolving trend is
anticipated to persistently weaken taxes
coming from the pools in the near term.
Cons.Goods
Looking back, calendar year 2022 exhibited
a 9.5% surge in tax receipts compared to
2021. Each of the eight major tax categories
all reported greater returns. Most influential
was inflation that drove up prices on
everything from normal daily purchases to
vehicles. Secondarily, all-time peak global
crude oil costs had fuel seller's payments
skyrocketing.
Heading into 2023, additional interest rate
hikes along with consumer sentiment waning
about the economy foretells minimal change
coming from California's taxable sales in the
months ahead.
Pools
14%
:taurants
6
os/Trans.
*ADJUSTED FOR
ECONOMIC DATA
La Quinta
County
HdL State
Business Type
Q4'22*
Change
Change
Change
Casual Dining
246.2
2.5%0
4.5%0
8.1%0
Electronics/Appliance Stores
139.5
3.4%0
1.6%0
10.8%
Service Stations
134.9
-0.4%0
4.2%0
7.6%0
Leisure/Entertainment
128.8
-12.1%ID
-6.2%IID
13.9%
Family Apparel
94.5
-3.4%ID
-0.9%ID
-1.0%0
Quick -Service Restaurants
93.1
3.8%0
5.0%0
5.7%
Grocery Stores
89.1
1.9%I
8.2%0
6.2%
Specialty Stores
85.8
2.2%I
1.5%
2.1%
Fine Dining
74.1
0.3%0
-4.1%0
3.2%
Home Furnishings
49.3
-40.9%0
-8.4%0
-7.0%0
*Allocation aberrations have been adiusted to reflect sales activity
*In thousands of dollars
HAND OUTS
FAC
MEETING
MAY 10, 2023
CONSENT CALENDAR ITEM NO. 4 - HANDOUT 1
RECEIVE AND FILE THIRD QUARTER FISCAL YEAR 2022/23 TREASURY REPORTS FOR JANUARY, FEBRUARY, AND MARCH 2O23 - PROVIDED BY STAFF
US Treasury Rates
https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2023
Effective Effective
Date
1 mo
2 mo 3 mo 6 mo
1 yr 2 yr 3 yr
5 yr 7 yr 10 yr
20 yr
30 yr
Rate of Rate of
Return City Return City
Portfolio Portfolio
(month) (YTD)
1/31/2023
4.58
4.64 4.7 4.74
4.8 4.68 4.21
3.9 3.63 3.59
3.52
3.78
1.87 1.6
2/28/2023
4.65
4.81 4.88 5
5.17 5.02 4.81
4.51 4.18 4.07
3.92
4.1
2.34 1.69
3/31/2023
4.74
4.79 4.85 4.97
4.94 4.64 4.06
3.81 3.6 3.55
3.48
3.81
2.73 1.81
TREASURY RATES AND PORTFOLIO RETURNS
+1YI7r--.jv..ryl --M--5-YrTrearmfy -d^Etfp-utive1�atrofRrNrrrChyPIAdirIinIYTi7)
5.25
5
4.75
4.5
3.5
3-2 5
3
3-75
2.5
2.25
] .75
IS
1-2 5
-
1
i7.75
0:5
-
0.2 5
o
-
-
w
's
-,
'L
ti
'L '1• L
w 'L
L
4 L
A+,
b OL
C�
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61
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66 ON 4�
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_J1
POWER POINTS
FAC
MEETING
MAY 10, 2023
Financial Advisory Commission
Special Meeting
4�
-.�d► r� },.r a - J
5/10/2023
o` .
Financial Advisory Commission Meeting
5/10/2023
Business Session Item No. 1
Approve the Fiscal Year 2023/24 Meeting Dates
s i 'f;r•I
4'.
Proposed Meeting Dates
Wednesday
August 9
Quarterly
Wednesday
October 4
Special
Wednesday
November 8
Quarterly
Wednesday
December 6
Special
Wednesday
February 7
Quarterly
Wednesday
April
Special
Wednesday
May 8
Quarterly
Wednesday
June 5
Special
n
QUESTIONS &
DISCUSSION
9V
k
Financial Advisory Commission Meeting
5/10/2023
Study Session Item No. 1
Discuss Fiscal Year 2023/24 Preliminary Proposed Budget
{ r
-
�. ► �� AL
5/10/2023
7
General Fund
2022/23
2022/23
2023/24
Change
Revenues
Original i
Current
Proposed
Current v.
Proposed
% Change
Taxes
54,946,700
58,946,700
62,630,000
3,683,300
6%
License & Permits
2,823,200
3,401,200
2,521,300
(879,900)
-26%
Intergovernmental
7,853,000
7,878,000
9,178,000
1,300,000
17%
Charges for Services
1,081,100
1,341,100
963,200
(377,900)
-28%
Fines & Assessment
462,000
522,000
465,500
(56,500)
-11 %
Other/Misc.
1,155,100
6,455,100
2,720,100
(3,735,000)
-58%
Total Revenues
68,321,100
78,544,100
78,478,100
(66,000)
0%
E:3
M
5/10/2023
General Fund Expenditures
2022123
2022/23
2023/24
Currency.
Original
Current
Proposed
Proposed
City Council
351,400
351,400
304,500
(46,900
City Manager Department
1,177,540
1,177,540
1,365,817
188,277
Marketing & Community Relations
1,632,128
1,747,128
1,720,532
(26,596
City Attorney
796,000
796,000
800,000
4,000
City Clerk Department
1,257,526
1,257,526
1,096,733
(160,793
Human Resources
495,698
589,398
557,015
(32,383
Police
18,185,900
18,208,800
18,417,900
209,100
Fire
8,851,872
9,294,972
10,039,120
744,148
Community Resources Admin.
880,480
880,480
804,570
(75,910
Wellness Center Operations
682,102
682,102
829,735
147,633
Recreational Programs & Events
1,088,734
1,384,734
1,564,200
179,466
Code Compliance/Animal Control
1,663,996
1,667,996
1,779,300
111,304
Parks Maintenance
3,042,072
3,091,072
4,056,511
965,439
Public Buildings
1,390,052
1,430,052
1,565,694
135,642
Public Works Administration
794,862
794,862
779,773
(15,089
Public Works Dev. Services
512,960
512,960
529,394
16,434
Streets Department -Traffic
754,768
754,768
857,050
102,282
Engineering Services
1,020,756
1,246,156
984,700
(261,456
Design & Development Admin.
756,824
756,824
784,805
27,981
Planning
744,830
744,830
697,830
(47,000
Building
1,291,362
1,441,362
1,339,516
(101,846
The Hub
1,236,482
1,236,482
1,083,890
(152,592
Finance
1,595,830
1,595,830
1,686,720
90,890
Centralized Services
14,447,100
62,116,186
18,794,500
(43,321,686
Total Expenditures
64.651.274
113.759.460
72.439.805
(41.319.655
10
5
5/10/2023
Police
$209,100
Estimated increase from Riverside County (2%)
Fire
$744,148
Estimated increase from Riverside County (9%)
Recreational Programs &
$179,466
Contract services for operations at Fritz Burns pool and X Park
Events
Parks Maintenance
$965,439
Citywide landscape maintenance & tree removal
Engineering Services
($261,456)
One-time expenditures in FY 2022/23
Centralized Services
($43,321,686)
One-time unfunded pension liability payment in FY 2022/23, FY 2021/22
to FY 2022/23 carryovers including Dune Palms Bridge project
11
12
0
FY 2023/24 r
Budget Schedule
• May 16 — City Council, Study Session #1
• June 6 — City Council, Study Session #2
• June 7 —Financial Advisory Commission MIN.
• June 14 — Housing Commission
• June 20 — City Council, Adoption
For the latest budget information visit:
www.laquintaca.gov/business/finance
Discussion &
Questions
The Financial Advisory Commission's
Will Hold a Special Meeting on
June 7, 2023
�� 4 ALII� RN] A ��