2024 06 05 FAC Special MeetingQaiWr(V
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GEM of the DESERT —
NOTICE AND CALL OF SPECIAL MEETING
OF THE LA QUINTA FINANCIAL ADVISORY COMMISSION
TO THE MEMBERS OF THE LA QUINTA FINANCIAL ADVISORY COMMISSION AND TO THE
COMMISSION SECRETARY:
NOTICE IS HEREBY GIVEN that a Special Meeting of the La Quinta Financial Advisory
Commission is hereby called to be held on Wednesday, June 5, 2024, starting at 4:00 p.m.; at La
Quinta City Hall located at 78495 Calle Tampico, La Quinta, CA 92253 for the following purpose:
ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS
1. PROCLAMATIONS — RECOGNITION OF SERVICE FOR OUTGOING COMMISSIONER
MILLS
CONSENT CALENDAR
1. APPROVE MEETING MINUTES DATED MAY 8, 2024
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED MARCH 31, 2024
BUSINESS SESSION
1. APPROVE THE FISCAL YEAR 2024/25 INVESTMENT POLICY
2. DISCUSS FISCAL YEAR 2024/25 PRELIMINARY PROPOSED BUDGET AND APPROVE
ALLOCATION OF MEASURE G SALES TAX REVENUE
3. APPROVE THE FINANCIAL ADVISORY COMMISSION'S FISCAL YEAR 2024/25
MEETING DATES AND AMEND THE REGULAR QUARTERLY MEETING START TIME
FROM 4:00 P.M. TO 3:30 P.M.
4. RECEIVE AND FILE THIRD QUARTER FISCAL YEAR 2023/24 TREASURY REPORTS
FOR JANUARY, FEBRUARY, AND MARCH 2O24
DEPARTMENTAL REPORTS
1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES
Dated: May 31, 2024 /s/ Xelth DOr'Se1/
Keith Dorsey, Chairperson
Attest:
Jessica Delgado, Commission Secretary
DECLARATION OF POSTING
I, Jessica Delgado, Commission Secretary, do hereby declare that the foregoing notice for the La
Quinta Financial Advisory Commission Special Meeting of June 5, 2024, was posted on the outside
entry to the Council Chamber at 78495 Calle Tampico, and on the bulletin board at 51321 Avenida
Bermudas on May 31, 2024.
Dated: May 31, 2024
Jessica Delgado, Commission Secretary
FINANCIAL ADVISORY COMMISSION Page 1 of 1 JUNE 5, 2024
SPECIAL MEETING
(;,FIN4ufrhr1)iZERT —
Financial Advisory Commission agendas and
staff reports are now available on the City's
web page: www.lapuintaca.gov
SPECIAL Ni ETING
FINANCIAL ADVISORY COMMISSION
AGENDA
CITY HALL COUNCIL CHAMBER
78495 Calle Tampico, La Quinta
WEDNESDAY, JUNE 5, 2024, AT 4:00 P.M.
******************************
Members of the public may listen to this meeting by tuning -in live via
http://Iaguinta.12milesout.com/video/live.
CALL TO ORDER
ROLL CALL: Commissioners: Anderson, Batavick, Kiehl, Mast, Mills, Way and Chair Dorsey
PLEDGE OF ALLEGIANCE
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 at the end of the agenda. The
Commission values your comments; however, in accordance with State law, no action shall be taken
on any item not appearing on the agenda unless it is an emergency item authorized by the Brown Act
[Government Code § 54954.2(b)].
CONFIRMATION OF AGENDA
ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS
PROCLAMATIONS — RECOGNITION OF SERVICE FOR OUTGOING COMMISSIONER MILLS
CONSENT CALENDAR
NOTE: Consent Calendar items are routine in nature and can be approved by one motion.
1. APPROVE MEETING MINUTES DATED MAY 8, 2024
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED MARCH 31, 2024
FINANCIAL ADVISORY COMMISSION AGENDA Page 1 of 4 JUNE 5, 2024
SPECIAL MEETING
BUSINESS SESSION
1. APPROVE THE FISCAL YEAR 2024/25 INVESTMENT POLICY
2. DISCUSS FISCAL YEAR 2024/25 PRELIMINARY PROPOSED BUDGET AND APPROVE
ALLOCATION OF MEASURE G SALES TAX REVENUE
3. APPROVE THE FINANCIAL ADVISORY COMMISSION'S FISCAL YEAR 2024/25 MEETING
DATES AND AMEND THE REGULAR QUARTERLY MEETING START TIME FROM 4:00
P.M. TO 3:30 P.M.
4. RECEIVE AND FILE THIRD QUARTER FISCAL YEAR 2023/24 TREASURY REPORTS FOR
JANUARY, FEBRUARY, AND MARCH 2O24
STUDY SESSION — None
DEPARTMENTAL REPORTS
FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES
COMMISSIONERS' ITEMS
ADJOURNMENT
The La Quinta Financial Advisory Commission's next regular quarterly meeting is on August 14, 2024,
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 special Commission meeting of June 5, 2024, 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 31, 2024.
DATED: May 31, 2024
"Jessica Delgado, Commission Secretary
City of La Quinta, California
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 httos://www.laauintaca.aov/our-citv/citv-aovernment/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.
FINANCIAL ADVISORY COMMISSION AGENDA Page 2 of 4 JUNE 5, 2024
SPECIAL MEETING
• 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.
PUBLIC COMMENTS — INSTRUCTIONS
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(o)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.
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.].
FINANCIAL ADVISORY COMMISSION AGENDA Page 3 of 4 JUNE 5, 2024
SPECIAL MEETING
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.
*** 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(cDLaQuintaCA.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 JUNE 5, 2024
SPECIAL MEETING
CONSENT CALENDAR ITEM NO. 1
FINANCIAL ADVISORY COMMISSION
MINUTES
WEDNESDAY, MAY 8, 2024
CALL TO ORDER
A regular meeting of the La Quinta Financial Advisory Commission (Commission) was
called to order at 4:00 p.m. by Vice -Chair Anderson.
PRESENT: Commissioners Batavick, Kiehl, Mast, Mills, Way, and Vice -Chair
Anderson
ABSENT: Chairperson Dorsey
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 — Confirmed
ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS — None
CONSENT CALENDAR ITEMS
1. APPROVE MEETING MINUTES DATED APRIL 3, 2024
Motion — A motion was made and seconded by Commissioners Mast/Batavick to approve
meeting minutes dated April 3, 2024, as submitted. Motion passed: ayes — 5, noes — 0,
abstain — 1 (Mills), absent — 1 (Dorsey).
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORTS DATED
FEBRUARY 29, 2024
Motion — A motion was made and seconded by Commissioners Mills/Batavick to receive
and file revenue and expenditure reports dated February 29, 2024, as submitted. Motion
passed: ayes — 6, noes — 0, abstain — 0, absent — 1 (Dorsey).
BUSINESS SESSION
1. APPROVE THE FISCAL YEAR 2024/25 MEETING DATES
Finance Director Martinez presented the staff report, which is on file in the Finance
Department.
FINANCIAL ADVISORY COMMISSION MINUTES 1 MAY 8, 2024
REGULAR QUARTERLY MEETING
The Commission discussed changing some of the regular quarterly meeting dates and
proposed special meeting dates from the second Wednesday of the month to the first, and
the Commission's regular quarterly meetings start time from 4:00 p.m. to an earlier time.
Staff said a business session item will be agendized for Commission's consideration at the
next meeting.
Motion — A motion was made and seconded by Commissioners Mast/Way to amend the
Commission's meeting dates per the Commission's discussions above, and propose an
earlier regular quarterly meeting start time, and bring this item back for Commission
consideration at the next Commission meeting. Motion passed: ayes — 6, noes — 0,
abstain — 0, absent — 1 (Dorsey).
STUDY SESSION
1. DISCUSS THE FISCAL YEAR 2024/25 INVESTMENT POLICY (Policy)
Principal Management Analyst Hallick presented the staff report, which is on file in the
Finance Department.
The Commission and staff discussed federal agency securities.
Commissioner Kiehl recommended the following changes to the fiscal year 2024/25
Investment Policy:
• Professionally managed account allotted 50% for placing their investment portfolio
with a professional portfolio management/investment management firm, listed on
page 9 of Policy, be eliminated or changed to 100%.
• Adding additional investment pool examples under Section XI Investment Pools of
the Policy, listed on page 10.
The Commission reached a consensus and concurred with these recommendations to allow
for flexibility, contingent upon Council direction.
Further discussion followed on the pros and cons of having a professionally managed
portfolio versus staff managing it for the City and the timeline for adopting the Policy.
2. DISCUSS THE FISCAL YEAR 2024/25 PRELIMINARY PROPOSED BUDGET
Finance Director Martinez presented the staff report, which is on file in the Finance
Department.
The Commission and Staff discussed general fund revenue changes; decline of short-
term vacation rental permits due to the permanent ban; changes in general fund
expenditures; public safety (police and fire) services costs, anticipated cost increases,
and current level of services for police; and timeline for budget adoption.
The Commission inquired about the status of the Talus project, formerly SilverRock, and
the City's obligations under the Purchase, Sale, and Development Agreement with
FINANCIAL ADVISORY COMMISSION MINUTES 2 MAY 8, 2024
REGULAR QUARTERLY MEETING
SilverRock Development Company; Staff noted negotiations are underway and any
available updates will be provided at future Council meetings.
Additional discussion followed on position allocations; total current positions; and
Measure G fund allocations for Highway 111 Corridor Area Plan implementation, which
includes the road improvements; and Welcome Center improvements projects at the
recently acquired property by the City, formerly La Quinta Palms Realty office.
DEPARTMENTAL REPORTS — taken out of agenda order
Staff requested to present Departmental Report Item No. 2 before Departmental Report
Item No. 1; the Commission concurred.
2. FOURTH QUARTER 2023 (OCTOBER-DECEMBER) SALES TAX UPDATE
FOR THE CITY OF LA QUINTA >> > taken out of Agenda order
Staff provided an economic update for sales tax for the City of La Quinta.
1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES
Staff provided an update on current and upcoming Finance Department projects and City
events.
The Commission and staff discussed expenditures for the Highway 111 Corridor project;
reasons for delays in the audit for the completion of the City's Annual Comprehensive
Financial Report for fiscal year ending June 30, 2023; and any anticipated budget
adjustment changes.
The Commission inquired about upcoming vacancies on the Financial Advisory
Commission. Vice -Chair Anderson confirmed the four seats available.
COMMISSIONERS' ITEMS
1. COMMISSION RECOMMENDED CHANGES TO THE 5-YEAR CAPITAL
IMPROVEMENT PROGRAM (CIP)
Commissioner Batavick provided the Commission with a breakdown on recommended
changes to the 5-year CIP (Handout 1) as well as a redlined CIP revenue summary chart
(Handout 2) showing the recommended changes for use of Measure G funds to be
provided for Council's consideration. Further discussion followed on the allocated
reserves balance for Measure G funds and the timeline for providing the Commission's
recommended changes to the 5-year CIP and Measure G fund allocations for Council's
consideration.
FINANCIAL ADVISORY COMMISSION MINUTES 3 MAY 8, 2024
REGULAR QUARTERLY MEETING
ADJOURNMENT
There being no further business, it was moved and seconded by Commissioners
Mills/Mast to adjourn this meeting at 5:57 p.m. Motion passed: ayes — 6, noes — 0, abstain
— 0, absent — 1 (Dorsey).
Respectfully submitted,
Jessica Delgado, Administrative Technician/Commission Secretary
City of La Quinta, California
FINANCIAL ADVISORY COMMISSION MINUTES 4 MAY 8, 2024
REGULAR QUARTERLY MEETING
CONSENT CALENDAR ITEM NO. 2
City of La Quinta
FINANCIAL ADVISORY COMMISSION MEETING: June 5, 2024
STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
MARCH 31, 2024
RECOMMENDATION
Receive and file revenue and expenditure report dated March 31, 2024.
EXECUTIVE SUMMARY
• The report summarizes the City's year-to-date (YTD) revenues and period
expenditures for March 2024 (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 Budqet — represents revenue and expenditure budgets the Council
adopted in June 2023 for fiscal year (FY) 2023/24.
Current Total Budqet — represents original adopted budgets plus any Council
approved budget amendments from throughout the year, including carryovers from
the prior fiscal year.
Period Activity— represents actual revenues received and expenditures outlaid in the
reporting month.
Fiscal Activity — represents actual revenues received and expenditures outlaid YTD.
Variance Favorable/(Unfavorable) - represents the dollar difference between YTD
collections/expenditures and the current budgeted amount.
Percent Used— represents the percentage activity as compared to budget.
i op
rroe Kevenueimcome sources Tor marcn
General Fund
Non -General Fund
Measure G Sales Tax
$
1,512,916
Highway Bridge Program (Dune Palms Reimbursement)
$
1,858,767
Transient Occupancy (Hotel) Tax
$
1,495,896
CVAG (Dune Palms Construction Reimbursement)
$
707,195
Sales Tax
$
1,222,359
Allocated Interest
$
591,107
Fire Service Credit
$
124,423
SilverRock Green Fees
$
525,393
Franchise Taxes - Burrtec
$
109,992
County Sales Tax Measure A
$
372,041
General Fund
Non -General Fund
Sheriff Contract (November/December/January)
$
2,253,983
Debt Service Payments- Successor Agency Bonds(')
$
1,695,680
Marketing and Tourism Promotions
$
137,311
Capital Improvement Program - Construction(2)
$
843,025
Grants & Economic Development
$
60,500
SilverRock Maintenance
$
266,453
Animal Shelter Contract Services
$
54,369
Museum Operations Contract
$
118,218
(')Interest and principal payments for redevelopment bonds, funded by dedicated Redevelopment Property Tax Trust Fund (RPTTF) revenue.
(2)CIP Construction: Dune Palms Bridge and North La Quinta landscape conversion project.
March 2024 Revenues
Comparison to 2023
YTD
YTD Percent
MTD
YTD
Percent of
YTD
of Budget
General Fund (GF)
$5,198,320
$45,842,140
57.88%
$46,639,214
59.38%
All Funds
$11,544,500
$93,259,886
46.56%
$78,928,778
41.64%
March 2024 Expenditures
Comparison to 2023
YTD
YTD Percent
MTD
YTD
Percent of
YTD
of Budget
General Fund
$5,164,024
$40,462,538
39.81%
$39,768,187
34.96%
Payroll (GF)
$853,528
$8,798,865
65.71 %
$19,597,467
81.66%
All Funds
$9,616,868
$93,447,452
40.04%
$83,824,044
35.51 %
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, Principal Management Analyst
Approved by: Claudia Martinez, Finance Director
Attachment: 1. Revenue and Expenditure Report for March 31, 2024
ta 0aigra
CALIFORNIA
Fund
101-GENERAL FUND
105 - DISASTER RECOVERY FUND
201- GAS TAX FUND
202 - LIBRARY & MUSEUM FUND
203 - PUBLIC SAFETY FUND (MEAS
210 - FEDERAL ASSISTANCE FUND
212 - SLESA (COPS) FUND
215 - LIGHTING & LANDSCAPING F
220 - QUIMBY FUND
221- AB 939 - CALRECYCLE FUND
223 - MEASURE A FUND
225 - INFRASTRUCTURE FUND
226 - EMERGENCY MANAGEMENT
227 - STATE HOMELAND SECURIT)
230 - CASp FUND, AB 1379
231- SUCCESSOR AGCY PA 1 RORF
235 - SO COAST AIR QUALITY FUN
237 - SUCCESSOR AGCY PA 1 ADM
241- HOUSING AUTHORITY
243 - RDA LOW -MOD HOUSING FL
247 - ECONOMIC DEVELOPMENT 1
249 - SA 2011 LOW/MOD BOND FI
250-TRANSPORTATION DIF FUNC
251- PARKS & REC DIF FUND
252 - CIVIC CENTER DIF FUND
253 - LIBRARY DEVELOPMENT DIF
254 - COMMUNITY & CULTURAL C
255 - STREET FACILITY DIF FUND
256 - PARK FACILITY DIF FUND
257 - FIRE PROTECTION DIF
259 - MAINTENANCE FACILITIES D
270 - ART IN PUBLIC PLACES FUNC
275 - LQ PUBLIC SAFETY OFFICER
299 - INTEREST ALLOCATION FUN[
310 - LQ FINANCE AUTHORITY DEE
401- CAPITAL IMPROVEMENT PR(
405 - SA PA 1 CAPITAL IMPRV FUN
501- FACILITY & FLEET REPLACEM
502 - INFORMATION TECHNOLOG'
503 - PARK EQUIP & FACILITY FUN
504 - INSURANCE FUND
601- SILVERROCK RESORT
602 - SILVERROCK GOLF RESERVE
760 -SUPPLEMENTAL PENSION PL
761- CERBT OPEB TRUST
762 - PARS PENSION TRUST
Report Total:
r_11afAo]:I�1:1Zn5i
For Fiscal: 2023/24 Period Ending: 03/31/2024
Revenue Summary
Variance
Original
Current
Period
Fiscal
Favorable
Percent
Total Budget
Total Budget
Activity
Activity
(Unfavorable)
Used
78,478,100
79,208,100
5,198,320
45,842,140
-33,365,960
57.88%
15,000
15,000
0
-8,794
-23,794
58.63%
2,458,600
3,208,600
155,526
2,508,839
-699,761
78.19%
2,922,000
2,922,000
233
448,937
-2,473,063
15.36%
2,500
2,500
0
-179
-2,679
7.17%
156,000
375,259
0
180,347
-194,912
48.06%
101,500
101,500
8,333
135,732
34,232
133.73%
2,992,000
2,992,000
48
2,542,814
-449,186
84.99%
50,000
50,000
0
0
-50,000
0.00%
70,000
70,000
8,095
30,629
-39,371
43.76%
2,028,000
2,028,000
372,041
1,137,946
-890,054
56.11%
500
500
0
-17
-517
3.41%
12,500
12,500
0
0
-12,500
0.00%
5,000
5,000
4,312
4,312
-688
86.24%
20,500
20,500
1,288
12,039
-8,461
58.73%
0
0
1,593
5,154,626
5,154,626
0.00%
55,000
55,000
11,612
25,043
-29,957
45.53%
0
0
0
-165
-165
0.00%
1,401,500
1,401,500
99,155
1,295,562
-105,938
92.44%
30,000
30,000
0
-3,375
-33,375
11.25%
20,000
20,000
935
53,084
33,084
265.42%
36,000
1,423,009
22,498
1,448,384
25,375
101.78%
1,520,000
1,520,000
8,018
166,459
-1,353,541
10.95%
751,500
751,500
4,212
159,609
-591,891
21.24%
501,500
501,500
2,460
46,863
-454,637
9.34%
100,000
100,000
794
14,292
-85,708
14.29%
252,500
252,500
1,912
33,548
-218,952
13.29%
1,000
1,000
0
-71
-1,071
7.10%
100
100
0
-7
-107
6.69%
151,500
151,500
738
13,931
-137,569
9.20%
101,000
101,000
626
12,595
-88,405
12.47%
154,000
154,000
893
82,459
-71,541
53.54%
2,500
2,500
0
1,953
-547
78.12%
0
0
591,107
5,029,126
5,029,126
0.00%
1,100
1,100
0
0
-1,100
0.00%
17,950,700
90,688,672
2,565,962
15,675,244
-75,013,429
17.28%
1,500
1,500
0
-5
-1,505
0.36%
1,685,000
1,685,000
377,662
1,152,726
-532,274
68.41%
2,256,708
2,256,708
765,590
2,310,843
54,135
102.40%
470,000
470,000
250,000
746,660
276,660
158.86%
1,362,230
1,362,230
340,308
1,020,380
-341,850
74.91%
5,277,950
6,143,950
611,799
5,407,036
-736,914
88.01%
87,000
87,000
0
81,446
-5,554
93.62%
6,000
6,000
0
4,931
-1,069
82.18%
20,000
20,000
44,744
145,502
125,502
727.51%
100,000
100,000
93,684
346,461
246,461
346.46%
123,608,488
200,298,728
11,544,500
93,259,886
-107,038,842
46.56%
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: 2023/24 Period Ending: 03/31/2024
Expenditure Summary
Variance
Original
Current
Period
Fiscal
Favorable
Percent
Fund
Total Budget
Total Budget
Activity
Activity
(Unfavorable)
Used
101- GENERAL FUND
72,828,750
101,638,631
5,164,024
40,462,538
61,176,093
39.81%
201- GAS TAX FUND
2,802,400
5,561,461
280,383
2,115,805
3,445,657
38.04%
202 - LIBRARY & MUSEUM FUND
2,240,160
4,934,483
242,428
1,104,695
3,829,788
22.39%
203 - PUBLIC SAFETY FUND (MEAS
0
41,687
0
9,687
32,000
23.24%
210 - FEDERAL ASSISTANCE FUND
156,300
375,559
0
180,349
195,210
48.02%
212 - SLESA (COPS) FUND
100,000
100,000
19,784
48,574
51,426
48.57%
215 - LIGHTING & LANDSCAPING F
3,186,915
3,353,915
196,239
1,724,402
1,629,513
51.41%
220 - QUIMBY FUND
0
445,176
0
0
445,176
0.00%
221- AB 939 - CALRECYCLE FUND
150,000
150,000
3,575
115,234
34,766
76.82%
223 - MEASURE A FUND
1,865,000
4,810,319
0
2,602,239
2,208,080
54.10%
226 - EMERGENCY MANAGEMENT
12,000
12,000
0
9,950
2,050
82.92%
227 - STATE HOMELAND SECURIT)
5,000
5,000
0
0
5,000
0.00%
230 - CASp FUND, AB 1379
5,500
5,500
0
0
5,500
0.00%
231- SUCCESSOR AGCY PA 1 RORF
0
0
1,695,680
16,696,117
-16,696,117
0.00%
235 - SO COAST AIR QUALITY FUN
54,000
54,000
2,678
27,994
26,006
51.84%
237 - SUCCESSOR AGCY PA 1 ADM
0
0
0
5,850
-5,850
0.00%
241- HOUSING AUTHORITY
1,596,340
1,996,340
156,559
1,411,566
584,774
70.71%
243 - RDA LOW -MOD HOUSING FL
250,000
300,000
0
0
300,000
0.00%
247 - ECONOMIC DEVELOPMENT 1
31,500
31,500
0
22,005
9,495
69.86%
249 - SA 2011 LOW/MOD BOND FI
250,000
3,824,192
0
3,582,426
241,766
93.68%
250- TRANSPORTATION DIF FUNC
550,000
1,669,775
0
401,335
1,268,440
24.04%
251- PARKS & REC DIF FUND
650,000
1,121,285
0
7,715
1,113,570
0.69%
252 - CIVIC CENTER DIF FUND
0
249,925
0
0
249,925
0.00%
253 - LIBRARY DEVELOPMENT DIF
15,000
15,000
0
0
15,000
0.00%
254 - COMMUNITY & CULTURAL C
0
125,000
0
0
125,000
0.00%
259 - MAINTENANCE FACILITIES D
180,000
180,000
0
0
180,000
0.00%
270 - ART IN PUBLIC PLACES FUNC
233,000
742,711
1,117
76,542
666,169
10.31%
310 - LQ FINANCE AUTHORITY DEE
1,100
1,100
0
0
1,100
0.00%
401- CAPITAL IMPROVEMENT PR(
17,950,700
85,866,873
908,141
14,049,816
71,817,057
16.36%
501- FACILITY & FLEET REPLACEM
1,448,750
2,331,044
19,201
347,550
1,983,494
14.91%
502 - INFORMATION TECHNOLOG'
3,082,620
3,277,620
193,806
1,541,628
1,735,992
47.03%
503 - PARK EQUIP & FACILITY FUN
2,242,200
3,092,200
0
683,017
2,409,183
22.09%
504 - INSURANCE FUND
1,118,000
1,118,000
0
1,107,755
10,245
99.08%
601- SILVERROCK RESORT
5,034,993
5,900,242
730,156
5,075,295
824,947
86.02%
760 -SUPPLEMENTAL PENSION PL
12,850
12,850
0
12,833
17
99.87%
761- CERBT OPEB TRUST
1,800
1,800
412
1,194
606
66.35%
762 - PARS PENSION TRUST
30,000
30,000
2,684
23,341
6,659
77.80%
Report Total:
118,084,878
233,375,188
9,616,868
93,447,452
139,927,736
40.04%
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
BUSINESS SESSION ITEM NO. 1
City of La Quinta
FINANCIAL ADVISORY COMMISSION MEETING June 5, 2024
STAFF REPORT
AGENDA TITLE: APPROVE THE FISCAL YEAR 2024/25 INVESTMENT POLICY
RECOMMENDATION
Approve the Fiscal Year 2024/25 Investment Policy.
EXECUTIVE SUMMARY
• As part of their work plan, and as stated in Section XVIII of the City's Investment
Policy (the Policy), the Financial Advisory Commission (FAC) is asked to review
the Policy annually.
• Recommended revisions are also 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 the
policy has been certified by the California Municipal Treasurers Association (CMTA). With
these recognitions the City believes the policy is sound and generally not in need of major
revisions. In addition, there were no new regulatory changes in FY 2023/24 that impacted
the City's policy and would need to be noted. Therefore, staff recommends only
operational changes to the current policy that still remain within the legal bounds of
California government code, protect the safety and liquidity of the portfolio, and allow staff
to maximize yield when prudent. The following edits, along with punctuation or format
changes and updates to the dates, are identified as red -lined in Attachment 1:
• Section V Maximum Maturities: Added the ability to go up to 30 days past the 5-
year maximum in order to allow for purchases of certain investments that have
maturity dates more than five years beyond the settlement date. For example, if a
5-year Certificate of Deposit published in May 2024 with a maturity date of May
26, 2029, and settlement of May 24, 2024, technically the City would not
currently be able to buy it as this is a 5-year plus 2-day timeframe.
• Section X Permissible Deposits and Investments: Staff is recommending that the
annual limit for Government Agency Securities be raised from $20 million to $30
million per issuer. In order to allow for diversification, and to be able to purchase
securities that offer the best yield for the City at any particular moment in time,
the City needs additional purchasing power in these agency bonds. The City's
portfolio has grown from approximately $163 million in 2019 to $222 million in
2024, and currently is at max in two of the four allowed agencies. This hinders
staff's ability to select the best investment offered. There is no limit on this
investment class in the California Government Code §53601(f). Additionally, the
percentage limit for professionally managed accounts was removed.
• Section XI: Investment Pools: Listed additional examples of Joint Powers
Authorities Pools.
• Edit to Appendix D-Approved Financial Institutions: Bank of the West was acquired
by BMO and transition to the new name was completed in the Fall of 2023; BMO
Commercial Bank was added to the list for 2023/24, and now Bank of the West is
being removed. In addition, during 2023/24 the City transitioned its investment
holdings from BNY Mellon to US Bank Trust Company, which was already an
approved custodial bank for the City. BNY Mellon is being removed from the list.
• Edit Appendix C-Segregation of Major Investment Responsibilities: Aligned a job
title to match City Authorized Positions list — changed Accounting Manager to
Finance Manager.
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, Principal Management Analyst
Approved by: Claudia Martinez, Finance Director
Attachment: 1. Draft Investment Policy for Fiscal Year 2024/25 (red -lined)
ATTACHMENT
CITY OF
LA QU I NTA
e
INC
156 9t ,
1-
INVESTMENT POLICY
Fiscal Year 2023-2024
2024/2025 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 Top i c
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
17
CITY OF LA QUINTA
Investment Policy Fiscal
Year 2023/2024 2024/2025
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
18
City of La Quinta
Statement of Investment Policy July 1, 2023 4 through June 30, 2024 5 Adopted by the
City Council on June 20, 2023 18, 2024
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
19
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 to provide the necessary technical assistance to
comply with this regulation. Investable funds subject to the 1986 Tax Reform Act will be kept
segregated from other funds and 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.
M 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
20
• 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 portfolio should 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
21
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, unless the
legislative body has granted express authority to make that investment either specifically or as
part of an investment program approved by the legislative body no less that three months prior
to the investments". In order to accommodate the occasional occurence of settlement dates
slightly exceeding five (5) years to final maturity, the City may invest in any security that has a
maturity of five (5) years plus up to thirty (30) days from settlement date.
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 for a 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
22
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 subordinate officials.
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 account holder 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.
IX. 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 offer 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).
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• 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.
2L 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:Hleginfo.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 LSE'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 LSE'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 2024/25, the maximum face amount per issuer
is $20 30 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 byLAIF.
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 Agency 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.
XI. 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), CalTrust, or California Class); 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).
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."
A 9 1 [ 1
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.
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.
/_1 W_1 DIVA 6Y•]: 94141 LY, I LY,1 Ec1•91:•] ki Qy 11 WY•] a W_T011110111
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.
XV111, 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's City Treasurer, Principal Management Analyst, and
formal Investment Policy Financial Advisory Commission
Review City's Investment Policy and recommend
City Council action
Adopt formal Investment Policy
Implement formal Investment Policy
Review financial institutions and select investments
Acknowledge investment selections
Execute investment transactions
Confirm wires
City Manager and City Attorney
City Council
City Treasurer
City Treasurer or Principal Management -Analyst
City Manager or his/her designee
City Manager, City Treasurer, or Principal
Management Analyst
Finance
Aeee --At i gManager, Senior Accountant, or
Administrative Technician
Record investment transactions in City's accounting Finance
records Aeeaunt+ng Manager or Senior Accountant
Investment cerification- match broker confirmation
to City's investment records City Treasurer or Principal Management Analyst
Reconcile investment records to accounting records
and bank statements Principal Management Analyst
Finance
Reconcile investment records to treasurer's report City Treasurer, ; Manager, or Principal
of investments Management Analyst
Finance
Security of investments at City Manager or Administrative Technician
Security of investments outside of City Third Party Custodian
Review internal control procedures External Auditor
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APPENDIX D
Listing of Approved Financial Institutions
Banking Services
Custodian Services
Deferred Compensation
Broker/Dealer Services
Government/Joint Powers Authority Pools
Trustee Services
Other Post Employment Benefits (OPEB) Trust
Pension Trust - Administration
-Bank of the West, San Francisco, CA (Banking Services)
-Sunwest Bank, Irvine, CA (Banking Services - Dune Palms
Mobile Estates)
-BMO Commercial Bank
-The Bank of New York Mellon/Pershing LLC U.S. Bank Trust Company, N.A.
-Stifel
-International City/County Management Association Retirement
Corporation (ICMA-RC) dba MissionSquare Retirement
-Stifel, Nicholaus, & Company, Inc.
-Higgins Capital Management, Inc.
-Great Pacific Securities
-State of California Local Agency Investment Fund (LAIF)
-California Asset Management Program (CAMP)
-County of Riverside Pooled Investment Fund)
-U.S. Bank Trust Company, NA(2)
-California Employers' Retirement Benefits Trust
(CERBT)/CalPERS
-Public Agency Retirement Services (PARS)
(')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. As of March 2024, U.S. Bank is the
custodian for the City's investment portfolio. 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 (ACFR): 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.
)gyp: 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 (CDC: 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 a corporation 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.
Page 22 of 27
39
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 23 of 27
40
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 (FOMQ: 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 24 of 27
41
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 ORGANIZATIONu: 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.
FFER: 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.
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42
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 RevRelo): 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 26 of 27
43
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 27 of 27
44
City of La Quinta
BUSINESS SESSION ITEM NO. 2
FINANCIAL ADVISORY COMMISSION MEETING June 5, 2024
STAFF REPORT
AGENDA TITLE- DISCUSS FISCAL YEAR 2024/25 PRELIMINARY PROPOSED
BUDGET AND APPROVE ALLOCATION OF MEASURE G SALES TAX REVENUE
RECOMMENDATION
Discuss fiscal year 2024/25 preliminary proposed budget and approve allocation of
Measure G Sales Tax Revenue.
:XECUTIVE SUMMARY
• The first budget study session focused on the General Fund and Internal Service
Funds.
• This study session focuses on a review of Special Revenue Funds, Enterprise Fund,
and Capital Funds of the City and updates to the General Fund.
• Final budget adoption is scheduled for June 18, 2024.
FISCAL IMPACT
The updated General Fund budget anticipates a surplus of $47,635 with projected General
Fund revenues of $82,714,300 (including Measure G sales tax) and proposed operational
and capital expenditures of $82,666,665, with no unappropriated Measure G sales tax
revenue assigned to reserves.
BACKGROUND/ANALY5l5
The goal of the June 5, 2024 session is to provide an overview of updates since May 8,
2024 for all funds and approve the use of Measure G sales tax revenues.
Attachment 1 provides a narrative for changes made to the preliminary proposed budget
and includes summary charts for all funds. Exhibit A includes line -item details for revenues
and expenditures for the Special Revenue Funds, Enterprise Fund, and Capital
Improvement Funds.
The budget updates will be presented to the City Council on June 4, 2024. Staff will provide
a verbal update of those discussions to the Commission during this meeting.
ALTERNATIVES
The Commission may wish to request further information regarding specific items. Per
State law, the City must adopt a budget by June 30.
Prepared by: Claudia Martinez, Finance Director
Attachment: 1. Fiscal Year 2024/25 Proposed Budget Overview
ATTACHMENT
FISCAL YEAR 2024/25
SECOND BUDGET STUDY SESSION OVERVIEW CC& Qa�fra
CALIFORNIA
The second budget study session provides an overview of Special Revenue funds, Capital Fund, and
Enterprise Fund (SilverRock Golf Resort) of the City. Exhibit A to this report provides line -item details.
The fiscal year 2024/25 budget continues to evolve and all updates will be incorporated in the final
adopted budget. The City will continue to take a proactive approach in maintaining City infrastructure,
meeting the needs of the community, and strengthening City of La Quinta's long-term fiscal health. As
always, the City will maintain department operations that are commensurate with its revenues to ensure
balanced budgets are possible in future years.
A one -page summary, found on Exhibit A with the proposed budget, provides a quick reference of all
proposed revenues and expenditures by fund. The Supplemental Information section of the Proposed
Budget provides a description of each fund.
GENERAL FUND UPDATE
Since the last budget study session, the following adjustments resulted in a $2 million revenue increase
and a $1,414,000 expense increase to the General Fund as detailed below:
GENERAL FUND
FY 2024/25 ORIGINAL PROPOSED BUDGET SUMMARY
Revenues
Less Operating/CIP Expenses
Preliminary Budget Surplus
Less Measure G Reserves
6UDGFT nFFIC
$ 80, 714, 300
(81.252.665)
GENERAL FUND AS OF 6/4/2024
Revenue- Allocated Interest
Expense- CIP: Measure G projects
Expense- Fire Division
Expense- Parks Maintenance Division
Total Adjustments
AMENDED BUDGET SURPLUS
(538,
$ 2,000,000
$ (1,500,000)
$ (25,000)
$ 111,000
586,000
47,635
-Increase of $2 million in Allocated Interest to
account for anticipated interest earnings
based on current data and projections
-Increase of $25,000 in the Fire Division for
landscape contract services
-Decrease of $111,000 in the Parks
Maintenance for landscape contract services
-Increase of $1.5 million in CIP Measure G
funding for reprogrammed use of funds not
expensed in fiscal year 2023/24- $500,000
from the Highway 111 Event Site to Fritz
Burns Park Improvements and $1 million from
SilverRock Dust Control Improvements to
Citywide Dog Park Improvements
After adjustments, the updated budget surplus is $47,635. Adjustments to the General Fund noted in
this report have been incorporated in the respective fund budget requests.
2024-25 Second Budget Study Session Page 1
SPECIAL REVENUE FUNDS
Special Revenue Funds account for specific revenues and their related expenditures that are legally
required to be held in separate funds. Revenues are derived from developer impact fees, property tax
assessments, State and Federal programs, housing income, or operations. These restricted funds are
for road repairs, recycling programs, art in public places, housing activities, police programs,
library/museum operations, and the administration of retiree benefits through trusts. The final page of
this report provides a summary of revenue and expenses by Special Fund.
Gas Tax Fund Revenue projections are provided by the State and are expected to grow at a modest
pace; it is estimated that total local streets and roads allocations will grow by about $120,000 in
2024/25. We can expect stable year over year growth in future years; while fuel consumption may
remain flat or see a slight decline, annual cost of living adjustments will help to maintain revenues. The
General fund is anticipated to transfer $500,000 into the Gas Tax Fund to supplement operations.
Increases in expenditures include salary and benefits (annual step increases and health costs),
operational expenses such as safety gear and uniforms due to higher costs, and a reduction in
machinery and equipment due to one-time purchases in FY 2023/24. Transfers out for CIP projects
total $984,000 for the Highway 111 Pavement Resurfacing project.
The Lighting and Landscape District (LLD) Fund is partially funded with $997,000 from property tax
assessments. To ensure continued citywide landscaping standards are upheld, the General Fund is
projected to contribute $3,000,000 in 2024/25.
Increases in expenditures include salary and benefits (annual step increases and health costs), and
landscape contract increases that include increased service levels and inflationary impacts on
materials, supplies, and utility rates.
Housing Authority Funds will be presented to the Housing Authority in detail on June 4, 2024. A
preliminary review of the proposed budget will be presented to the Housing Commission on June 12,
2024 and is scheduled for adoption on June 18, 2024.
Finance Authority Fund includes ongoing expenses that are limited to the filing of an annual State
Controller's Report anticipated to be about $1,500 in the upcoming year. The 1996 Civic Center Bond
was paid off in October 2018 and is noted in the FY 2018/19 Annual Comprehensive Financial Report.
Overall expenses are decreasing for the Library and Museum Fund compared to FY 2023/24 primarily
due to CIP carryovers from FY 2022/23 to FY 2023/24 for the Village Art Plaza site improvements at
the former lumberyard building of about $2.7 million. Increases include contract services, salary and
benefits, and operational expenses due to inflationary impacts on costs.
OTHER SPECIAL REVENUE FUNDS
Measure A Fund provides the City with funding for street maintenance and operations, street repairs
and improvements, and new infrastructure of the streets and roads systems. The Riverside County
Transportation Commission (RCTC) allocates funds to local agencies to be used on specific capital
projects pre -approved by RCTC. County sales tax revenue is expected to increase by $18,000 or 1 %
from the prior year based on estimates from RCTC's Measure A Program Allocation projection report
issued each year.
Development Impact Fee (DIF) Funds are restricted to capital improvement program expenses.
Funds with no expenses in 2024/25 either have no current project commitments or are saving revenues
for future fiscal year capital projects.
2024-25 Second Budget Study Session Page 2
For 2024/25, the Art in Public Places Fund (APP) proposed budget includes the maintenance
contract for all citywide art installations and the continuance of art purchases to include SilverRock
art pedestals, community murals, signal box art design and vinyl wraps, and entry monuments.
ENTERPRISE FUND
The SilverRock Golf Resort operates under two funds, an operating fund and a capital replacement
reserve fund. Landmark Golf Management LLC (Landmark) manages the SilverRock Resort golf course
and is required to provide an annual operations plan for Council's review and approval, which is being
presented to City Council on June 4, 2024. Readers are encouraged to read the full annual plan for
details on revenues and expenditures. Highlights include impacts from ongoing construction and
development affecting operations, minimum wage increase, golf course management fee increase of
five percent (5%), and continuing the 2% annual contribution to the capital reserve fund. It is anticipated
that SilverRock operations and the budget will require continuous monitoring and adjustments during
the 2024/25 fiscal year as ongoing construction will affect operations.
CAPITAL IMPROVEMENT PROGRAM (CIP)
The preliminary Capital Improvement Programs Fund includes revenues and expenditures for
projects as presented to City Council on April 2, 2024, with an updated $50,000 for Measure A funding
increasing the original total. The total CIP budget for FY 2024/25 is $29,919,109. Developer
reimbursements totaling $400,000 for DIF eligible improvements are budgeted in DIF funds and
$500,000 for median landscape improvements is expensed out of the LLD fund.
2024-25 Second Budget Study Session Page 3
FUND
#
FUND NAME
TOTAL
REVENUES
TOTAL
EXPENSES
SURPLUS/
(DEFICIT)
101
GENERAL FUND
82,714,300
82,666,665
47,635
105
DISASTER RECOVERY FUND
30,000
-
30,000
201
GAS TAX FUND
2,589,000
3,409,100
820,100
202
LIBRARY& MUSEUM FUND
3,143,000
2,555,615
587,385
203
PUBLIC SAFETY FUND
5,000
-
5,000
210
FEDERAL ASSISTANCE FUND CDBG
190,000
198,500
8,500
212
SLESF COPS
103,000
100,000
3,000
215
LIGHTING & LANDSCAPING FUND
4,000,500
3,957,700
42,800
220
QUIMBY FUND
-
-
-
221
AB 939 - CALRECYCLE
80,000
200,000
120,000
223
MEASURE A FUND
2,025,000
2,335,000
310,000
225
INFRASTRUCTURE FUND
1,000
-
1,000
226
EMERGENCY MANAGEMENT
PERFORMANCE FUND
13,000
12,000
1,000
227
STATE HOMELAND SECURITY PROGRAM
5,500
5,000
500
230
1 CASp FUND, AB 1379
21,000
5,500
15,500
235
SO COAST AIR QUALITY FUND
54,500
40,000
14,500
241
HOUSING AUTHORITY FUND
1,452,000
1,715,440
263,440
243
RDA LOW -MOD HOUSING FUND
60,000
250,000
190,000
247
ECONOMIC DEVELOPMENT FUND
40,000
31,500
8,500
249
SA 2011 LOW/MOD BOND
18,000
250,000
232,000
250
TRANSPORTATION DIF
540,000
1,579,109
1,039,109
251
PARKS & RECREATION DIF
253,000
-
253,000
252
CIVIC CENTER DIF
103,000
-
103,000
253*
LIBRARY DEVELOPMENT D IF
50,000
15,000
35,000
254
COMMUNITY CENTER DIF
105,000
-
105,000
255
STRE ET FAC IL ITY D IF
1,000
-
1,000
256
PARK FACILITY DIF
100
-
100
257
FIRE PROTECTION DIF
53,000
-
53,000
259
MAINTENANCE FACILITIES DIF FUND
47,000
100,000
53,000
270
ART IN PUBLIC PLACES FUND
158,000
233,000
75,000
275
LQ PUBLIC SAFETY OFFICER FUND
3,000
-
3,000
310
LQ FINANCE AUTHORITY FUND
1,500
1,500
-
401
CAPITAL IMPROVEMENT PROGRAMS
29,019,109
29,019,109
-
405
SA PA1 CAPITAL IMPROVEMENT BOND
500
-
500
501
FACILITY& FLEET REPLACEMENT FUND
1,705,000
1,358,750
346,250
502
INFORMATION TECHNOLOGY FUND
2,276,708
3,217,945
941,237
503
PARK EQUIP & FACILITY FUND
500,000
2,000,000
1,500,000
504
INSURANCE FUND
1,363,230
1,058,000
305,230
601
SILVERROCK RESORT FUND
5,484,500
5,365,000
119,500
602
SILVERROCK GOLF RESERVE FUND
98,000
-
98,000
760
SUPPLEMENTAL PENSION PLAN
7,000
12,850
5,850
761
CERBT OPEB TRUST HEALTH BENEFITS
40,000
1,500
38,500
762
PARS PENSION TRUST
200,000
30,000
170,000
Non- General Fund Total
55,839,147
138,553,447
59,057,118
141,723,783
(3,217,971)
(3,170,336)
GRAND TOTAL
* This fund has an outstanding inter -agency loan due to the Successor Agency.
2024-25 Second Budget Study Session Page 4
CITY OF LA QUINTA
SPECIAL FUND REVENUE DETAIL
EXHIBIT A
FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change in
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 23/24
Budget
105 - DISASTER RECOVERY FUND
0000 - Undesignated
360 - Use of Money & Property
105-0000-41900 Allocated Interest
208,624
15,000
15,000
(8,794)
30,000
15,000
100%
105-0000-41910 GASB 31 Interest
(161,695)
0
0
0
0
0
0%
360 - Use of Money & Property Totals:
46,930
15,000
15,000
(8,794)
30,000
15,000
1000/0
0000 - Undesignated Totals: 46,930 15,000 15,000 (8,794) 30,000 15,000 1000/0
105 - DISASTER RECOVERY FUND Totals: 46,930 15,000 15,000 (8,794) 30,000 15,000 1000/0
201 - GAS TAX FUND
0000 - Undesignated
330 - Intergovernmental
201-0000-42900 Section 2105, Gas Tax
215,515
237,500
237,500
153,256
240,000
2,500
1%
201-0000-42905 Section 2106, Gas Tax
140,769
152,000
152,000
100,206
154,000
2,000
1%
201-0000-42910 Section 2107, Gas Tax
293,711
285,000
285,000
205,047
327,000
42,000
15%
201-0000-42915 Section 2107.5, Gas Tax
6,000
6,000
6,000
6,000
6,000
0
0%
201-0000-42920 Section 2103, Gas Tax
308,563
350,700
350,700
241,594
358,000
7,300
2%
201-0000-42922 SB 1, Road Maint. Rehab
844,941
917,400
917,400
555,020
984,000
66,600
7%
330 - Intergovernmental Totals:
1,809,499
1,948,600
1,948,600
1,261,124
2,069,000
120,400
6%
360 - Use of Money & Property
201-0000-41900 Allocated Interest 48,630 10,000 10,000 (2,285) 20,000 10,000 100%
201-0000-41910 GASB 31 Interest (32,270) 0 0 0 0 0 0%
360 - Use of Money & Property Totals: 16,360 10,000 10,000 (2,285) 20,000 10,000 1000/0
390 - Other Financing Sources
201-0000-49500 Transfers In 600,000 500,000 1,250,000 1,250,000 I 500,000 (750,000) -60%
390 - Other Financing Sources Totals: 600,000 500,000 1,250,000 1,250,000 500,000 (750,000) -60%
0000 - Undesignated Totals: 2,425,859 2,458,600 3,208,600 2,508,839 2,589,000 (619,600) -190/0
201 - GAS TAX FUND Totals: 2,425,859 2,458,600 3,208,600 2,508,839 2,589,000 (619,600) -190/0
202 - LIBRARY & MUSEUM FUND
0000 - Undesignated
330 - Intergovernmental
202-0000-41720 County Government Rev( 3,531,533 2,850,000 2,850,000 1,719,671 I 3,000,000 150,000 5%
330 - Intergovernmental Totals: 3,531,533 2,850,000 2,850,000 1,719,671 3,000,000 150,000 5%
340 - Charges for Services
202-0000-42218 MakerSpace Membership 2,602 2,000 2,000 2,886 I 3,000 1,000 50%
340 - Charges for Services Totals: 2,602 2,000 2,000 2,886 3,000 1,000 50%
CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change in
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 23/24
Budget
360 - Use of Money & Property
202-0000-41900 Allocated Interest
212,997
70,000
70,000
(9,121)
140,000
70,000
100%
202-0000-41910 GASB 31 Interest
(83,053)
0
0
0
0
0
0%
360 - Use of Money & Property Totals:
129,944
70,000
70,000
(9,121)
140,000
70,000
1000/0
0000 - Undesignated Totals: 3,664,080 2,922,000 2,922,000 1,713,436 3,143,000 221,000 8%
202 - LIBRARY & MUSEUM FUND Totals: 3,664,080 2,922,000 2,922,000 1,713,436 3,143,000 221,000 8%
203 - PUBLIC SAFETY FUND (MEASURE G)
0000 - Undesignated
360 - Use of Money & Property
203-0000-41900 Allocated Interest 4,564 2,500 2,500 (179) 5,000 2,500 100%
203-0000-41910 GASB 31 Interest (35) 0 0 0 0 0 0%
360 - Use of Money & Property Totals: 4,529 2,500 2,500 (179) 5,000 2,500 1000/0
0000 - Undesignated Totals: 4,529 2,500 2,500 (179) 5,000 2,500 1000/0
UBLIC SAFETY FUND (MEASURE G) Totals: 4,529 2,500 2,500 (179) 5,000 2,500 1000/0
210 - FEDERAL ASSISTANCE FUND
0000 - Undesignated
330 - Intergovernmental
210-0000-43105 CDBG 181,574 156,000 375,259 180,349 I 190,000 (185,259) -49%
330 - Intergovernmental Totals: 181,574 156,000 375,259 180,349 190,000 (185,259) -49%
360 - Use of Money & Property
210-0000-41900 Allocated Interest 37 0 0 (2) 0 0 0%
210-0000-41910 GASB 31 Interest (11) 0 0 0 0 0 0%
360 - Use of Money & Property Totals: 26 0 0 (2) 0 0 00/0
0000 - Undesignated Totals: 181,600 156,000 375,259 180,347 190,000 (185,259) -49%
210 - FEDERAL ASSISTANCE FUND Totals: 181,600 156,000 375,259 180,347 190,000 (185,259) -49%
212 - SLESA (COPS) FUND
0000 - Undesignated
330 - Intergovernmental
212-0000-43115 SLESA (COPS) Grant 165,271 100,000 100,000 186,159 I 100,000 0 0%
330 - Intergovernmental Totals: 165,271 100,000 100,000 186,159 100,000 0 0%
360 - Use of Money & Property
212-0000-41900 Allocated Interest 9,398 1,500 1,500 (427) 3,000 1,500 100%
212-0000-41910 GASB 31 Interest (4,748) 0 0 0 0 0 0%
360 - Use of Money & Property Totals: 4,650 1,500 1,500 (427) 3,000 1,500 1000/0
0000 - Undesignated Totals: 169,921 101,500 101,500 185,732 103,000 1,500 10/0
212 - SLESA (COPS) FUND Totals: 169,921 101,500 2 101,500 185,732 103,000 1,500 10/0
CITY OF LA QUINTA
2022/23
SPECIAL FUND REVENUE DETAIL
2023/24 2023/24
2023/24
2024/25
FY 2024/25 PROPOSED BUDGET
24/25 vs. % Change in
215 - LIGHTING & LANDSCAPING FUND
0000 - Undesignated
340 - Charges for Services
215-0000-42305 Miscellaneous Reimburse
23,499
0
0
0 I
0
0
0%
340 - Charges for Services Totals:
23,499
0
0
0
0
0
00/0
350 - Fines, Forfeitures & Abatements
215-0000-43210 LLD Assessments
981,315
989,000
989,000
543,522 I
997,000
8,000
1%
ines, Forfeitures & Abatements Totals:
981,315
989,000
989,000
543,522
997,000
8,000
1%
360 - Use of Money & Property
215-0000-41900 Allocated Interest
13,718
3,000
3,000
(708)
3,500
500
17%
215-0000-41910 GASB 31 Interest
(6,620)
0
0
0
0
0
00/0
360 - Use of Money & Property Totals:
7,098
3,000
3,000
(708)
3,500
500
17%
390 - Other Financing Sources
215-0000-49500 Transfers In
1,500,000
2,000,000
2,000,000
2,000,000 I
3,000,000
1,000,000
50%
390 - Other Financing Sources Totals:
1,500,000
2,000,000
2,000,000
2,000,000
3,000,000
1,000,000
500/0
0000 - Undesignated Totals:
2,511,913
2,992,000
2,992,000
2,542,814
4,000,500
1,008,500
34%
LIGHTING & LANDSCAPING FUND Totals:
2,511,913
2,992,000
2,992,000
2,542,814
4,000,500
1,008,500
34%
220 - QUIMBY FUND
0000 - Undesignated
360 - Use of Money & Property
220-0000-43200 Quimby Fees
0
50,000
50,000
0 I
0
(50,000)
-100%
360 - Use of Money & Property Totals:
0
50,000
50,000
0
0
(50,000)
-1000/0
0000 - Undesignated Totals:
0
50,000
50,000
0
0
(50,000)
-1000/0
220 - QUIMBY FUND Totals:
0
50,000
50,000
0
0
(50,000)
-1000/0
221 - AB 939 - CALRECYCLE FUND
0000 - Undesignated
310 - Tax Revenues
221-0000-41506 Burrtec AB 939 Fee
84,847
65,000
65,000
49,122 I
70,000
5,000
8%
310 - Tax Revenues Totals:
84,847
65,000
65,000
49,122
70,000
5,000
8%
360 - Use of Money & Property
221-0000-41900 Allocated Interest
15,170
5,000
5,000
(646)
10,000
5,000
100%
221-0000-41910 GASB 31 Interest
(1,050)
0
0
0
0
0
0%
360 - Use of Money & Property Totals:
14,120
5,000
5,000
(646)
10,000
5,000
1000/0
0000 - Undesignated Totals:
98,967
70,000
70,000
48,476
80,000
10,000
14%
221 - AB 939 - CALRECYCLE FUND Totals:
98,967
70,000
70,000
48,476
80,000
10,000
14%
3
CITY OF LA QUINTA
SPECIAL FUND REVENUE DETAIL
FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change in
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 23/24
Budget
223 - MEASURE A FUND
0000 - Undesignated
310 - Tax Revenues
223-0000-41320 County Sales Tax
2,036,267
2,013,000
2,013,000
1,141,271 I
1,995,000
(18,000)
-1%
310 - Tax Revenues Totals:
2,036,267
2,013,000
2,013,000
1,141,271
1,995,000
(18,000)
-10/0
360 - Use of Money & Property
223-0000-41900 Allocated Interest
74,637
15,000
15,000
(3,324)
30,000
15,000
100%
223-0000-41910 GASB 31 Interest
(8,641)
0
0
0
0
0
0%
360 - Use of Money & Property Totals:
65,996
15,000
15,000
(3,324)
30,000
15,000
1000/0
0000 - Undesignated Totals:
2,102,263
2,028,000
2,028,000
1,137,946
2,025,000
(3,000)
00/0
223 - MEASURE A FUND Totals:
2,102,263
2,028,000
2,028,000
1,137,946
2,025,000
(3,000)
00/0
225 - INFRASTRUCTURE FUND
0000 - Undesignated
360 - Use of Money & Property
225-0000-41900 Allocated Interest
398
500
500
(17)
1,000
500
100%
225-0000-41910 GASB 31 Interest
(104)
0
0
0
0
0
0%
360 - Use of Money & Property Totals:
294
500
500
(17)
1,000
500
1000/0
0000 - Undesignated Totals:
294
500
500
(17)
1,000
500
1000/0
225 - INFRASTRUCTURE FUND Totals:
294
500
500
(17)
1,000
500
1000/0
226 - EMERGENCY MANAGEMENT PERFOR
0000 - Undesignated
330 - Intergovernmental
226-0000-43120 EMP Grant
0
12,000
12,000
0 I
12,000
0
0%
330 - Intergovernmental Totals:
0
12,000
12,000
0
12,000
0
0%
360 - Use of Money & Property
226-0000-41900 Allocated Interest
0
500
500
0 I
1,000
500
100%
360 - Use of Money & Property Totals:
0
500
500
0
1,000
500
1000/0
0000 - Undesignated Totals:
0
12,500
12,500
0
13,000
500
4%
NT PERFORMANCE GRANT (EMPG) Totals:
0
12,500
12,500
0
13,000
500
4%
CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change in
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 23/24
Budget
227 - STATE HOMELAND SECURITY PROGI
0000 - Undesignated
330 - Intergovernmental
227-0000-43120 SHSP Grant
4,896
5,000
5,000
4,312 I
5,500
500
10%
330 - Intergovernmental Totals:
4,896
5,000
5,000
4,312
5,500
500
10%
0000 - Undesignated Totals: 4,896 5,000 5,000 4,312 5,500 500 10%
%ND SECURITY PROGRAMS (SHSP) Totals: 4,896 5,000 5,000 4,312 5,500 500 100/0
230 - CASp FUND, AB 1379
0000 - Undesignated
360 - Use of Money & Property
230-0000-41900 Allocated Interest
230-0000-41910 GASB 31 Interest
360 - Use of Money & Property Totals
1,688 500 500 (77) 1,000 500 100%
(861) 0 0 0 0 0 0%
827 500 500 (77) 1,000 500 1000/0
380 - Transfers In
230-0000-42130 SB 1186 Revenue 19,231 20,000 20,000 13,932 I 20,000 0 0%
380 - Transfers In Totals: 19,231 20,000 20,000 13,932 20,000 0 00/0
0000 - Undesignated Totals: 20,058 20,500 20,500 13,855 21,000 500 2%
230 - CASp FUND, AB 1379 Totals: 20,058 20,500 20,500 13,855 21,000 500 2%
235 - SO COAST AIR QUALITY FUND
0000 - Undesignated
330 - Intergovernmental
235-0000-43410 SCAQ Contribution 49,977 54,000 54,000 25,118 52,500 (1,500) -3%
235-0000-43411 MSRC Funding 51,780 0 0 0 0 0 0%
330 - Intergovernmental Totals: 101,757 54,000 54,000 25,118 52,500 (1,500) -3%
360 - Use of Money & Property
235-0000-41900 Allocated Interest
1,635
1,000
1,000
(75)
2,000
1,000
100%
235-0000-41910 GASB 31 Interest
(1,329)
0
0
0
0
0
0%
360 - Use of Money & Property Totals:
306
1,000
1,000
(75)
2,000
1,000
1000/0
0000 - Undesignated Totals:
102,063
55,000
55,000
25,043
54,500
(500)
-10/0
35 - SO COAST AIR QUALITY FUND Totals:
102,063
55,000
55,000
25,043
54,500
(500)
-10/0
CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24 2023/24
2024/25
24/25 vs.
% Change in
Actuals
Original Budget
Current Budget YTD Activity*
Proposed
Current 23/24
Budget
241 - HOUSING AUTHORITY
9101 - Housing Authority - Admin
340 - Charges for Services
241-9101-42301 Miscellaneous Revenue
1
0
0 1 I
0
0
0%
340 - Charges for Services Totals:
1
0
0 1
0
0
00/0
360 - Use of Money & Property
241-9101-41900 Allocated Interest
248,848
150,000
150,000
(10,527)
200,000
50,000
33%
241-9101-41910 GASB 31 Interest
(54,726)
0
0
0
0
0
0%
241-9101-41915 Non -Allocated Interest
0
500
500
0
1,000
500
100%
241-9101-42706 Loan Repayments
190,528
0
0
0
0
0
0%
241-9101-43504 2nd Trust Deed RepayrrE
50,253
100,000
100,000
148,869
100,000
0
0%
241-9101-45000 Sale of Other Assets
0
0
0
118,416
0
0
0%
360 - Use of Money & Property Totals:
434,903
250,500
250,500
256,758
301,000
50,500
20%
101 - Housing Authority - Admin Totals: 434,904 250,500 250,500 256,759 301,000 50,500 20%
9103 - Housing Authority - LQRP
360 - Use of Money & Property
241-9103-43501 Miscellaneous Revenue/L 0 0 0 200,000 0 0 0%
241-9103-43502 Rent Revenue/LQRP 372,345 350,000 350,000 297,603 350,000 0 0%
360 - Use of Money & Property Totals: 372,345 350,000 350,000 497,603 350,000 0 00/0
9103 - Housing Authority - LQRP Totals: 372,345 350,000 350,000 497,603 350,000 0 00/0
9104 - Dune Palms Mobile Estates
360 - Use of Money & Property
241-9104-42112 Rent Revenue/Tenant/Du 786,712 800,000 800,000 607,317 800,000 0 0%
241-9104-42302 Miscellaneous Revenue/C 0 1,000 1,000 0 1,000 0 0%
360 - Use of Money & Property Totals: 786,712 801,000 801,000 607,317 801,000 0 00/0
104 - Dune Palms Mobile Estates Totals: 786,712 801,000 801,000 607,317 801,000 0 00/0
241 - HOUSING AUTHORITY Totals: 1,593,961 1,401,500 1,401,500 1,361,679 1,452,000 50,500 4%
243 - RDA LOW -MOD HOUSING FUND
0000 - Undesignated
360 - Use of Money & Property
243-0000-41900 Allocated Interest 69,979 30,000 30,000 (3,375) 60,000 30,000 100%
243-0000-41910 GASB 31 Interest (28,370) 0 0 0 0 0 0%
360 - Use of Money & Property Totals: 41,610 30,000 30,000 (3,375) 60,000 30,000 1000/0
370 - Miscellaneous
243-0000-48500 Extraordinary Gain 95,298 0 0 0 I 0 0 0%
370 - Miscellaneous Totals: 95,298 0 0 0 0 0 00/0
0000 - Undesignated Totals: 136,908 30,000 30,000 (3,375) 60,000 30,000 1000/0
3 - RDA LOW -MOD HOUSING FUND Totals: 136,908 30,000 6 30,000 (3,375) 60,000 30,000 1000/0
CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23 2023/24 2023/24 2023/24 2024/25 24/25 vs. % Change in
247 - ECONOMIC DEVELOPMENT FUND
0000 - Undesignated
350 - Fines, Forfeitures & Abatements
247-0000-42706 Loan Repayments 81,913 0 0 60,788 I 0 0 0%
ines, Forfeitures & Abatements Totals: 81,913 0 0 60,788 0 0 0%
360 - Use of Money & Property
247-0000-41900 Allocated Interest 67,500 20,000 20,000 (2,912) 40,000 20,000 100%
247-0000-41910 GASB 31 Interest (19,798) 0 0 0 0 0 0%
360 - Use of Money & Property Totals: 47,701 20,000 20,000 (2,912) 40,000 20,000 1000/0
0000 - Undesignated Totals: 129,615 20,000 20,000 57,876 40,000 20,000 1000/0
- ECONOMIC DEVELOPMENT FUND Totals: 129,615 20,000 20,000 57,876 40,000 20,000 1000/0
249 - SA 2011 LOW/MOD BOND FUND (Re
0000 - Undesignated
340 - Charges for Services
249-0000-42301 Miscellaneous Revenue 1,106 0 0 0 I 0 0 0%
340 - Charges for Services Totals: 1,106 0 0 0 0 0 00/0
360 - Use of Money & Property
249-0000-41900 Allocated Interest
16,611
6,000
6,000
(697)
3,000
(3,000)
-50%
249-0000-41910 GASB 31 Interest
(5,220)
0
0
0
0
0
0%
249-0000-41915 Non -Allocated Interest
47,267
30,000
30,000
62,071
15,000
(15,000)
-50%
360 - Use of Money & Property Totals:
58,658
36,000
36,000
61,375
18,000
(18,000)
-500/0
390 - Other Financing Sources
249-0000-49500 Transfers In 0 0 1,387,009 1,387,009 I 0 (1,387,009) -100%
390 - Other Financing Sources Totals: 0 0 1,387,009 1,387,009 0 (1,387,009) -1000/0
0000 - Undesignated Totals: 59,764 36,000 1,423,009 1,448,384 18,000 (1,405,009) -990/0
BOND FUND (Refinanced in 2016) Totals: 59,764 36,000 1,423,009 1,448,384 18,000 (1,405,009) -990/0
250 - TRANSPORTATION DIF FUND
0000 - Undesignated
360 - Use of Money & Property
250-0000-41900 Allocated Interest
250-0000-41910 GASB 31 Interest
250-0000-43200 Developer Fees
360 - Use of Money & Property Totals
103,344 20,000 20,000 (4,883) 40,000 20,000 100%
(48,299) 0 0 0 0 0 0%
755,485 1,500,000 1,500,000 409,024 500,000 (1,000,000) -67%
1,810,531 1,520,000 1,520,000 404,141 540,000 (980,000) -64%
0000 - Undesignated Totals: 1,810,531 1,520,000 1,520,000 404,141 540,000 (980,000) -64%
150 - TRANSPORTATION DIF FUND Totals: 1,810,531 1,520,000 1,520,000 404,141 540,000 (980,000) -64%
CITY OF LA QUINTA
SPECIAL FUND REVENUE DETAIL
FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change in
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 23/24
Budget
251 - PARKS & REC DIF FUND
0000 - Undesignated
360 - Use of Money & Property
251-0000-41900 Allocated Interest
25,885
1,500
1,500
(1,424)
3,000
1,500
100%
251-0000-41910 GASB 31 Interest
(28,661)
0
0
0
0
0
0%
251-0000-43200 Developer Fees
966,433
750,000
750,000
211,577
250,000
(500,000)
-67%
360 - Use of Money & Property Totals:
963,656
751,500
751,500
210,153
253,000
(498,500)
-66%
0000 - Undesignated Totals:
963,656
751,500
751,500
210,153
253,000
(498,500)
-66%
251 - PARKS & REC DIF FUND Totals:
963,656
751,500
751,500
210,153
253,000
(498,500)
-66%
252 - CIVIC CENTER DIF FUND
0000 - Undesignated
360 - Use of Money & Property
252-0000-41900 Allocated Interest
30,520
1,500
1,500
(1,476)
3,000
1,500
100%
252-0000-41910 GASB 31 Interest
(19,897)
0
0
0
0
0
0%
252-0000-43200 Developer Fees
530,615
500,000
500,000
87,801
100,000
(400,000)
-80%
360 - Use of Money & Property Totals:
541,239
501,500
501,500
86,325
103,000
(398,500)
-79%
0000 - Undesignated Totals:
541,239
501,500
501,500
86,325
103,000
(398,500)
-79%
252 - CIVIC CENTER DIF FUND Totals:
541,239
501,500
501,500
86,325
103,000
(398,500)
-79%
253 - LIBRARY DEVELOPMENT DIF
0000 - Undesignated
360 - Use of Money & Property
253-0000-43200 Developer Fees
180,153
100,000
100,000
23,820 I
50,000
(50,000)
-50%
360 - Use of Money & Property Totals:
180,153
100,000
100,000
23,820
50,000
(50,000)
-50%
0000 - Undesignated Totals:
180,153
100,000
100,000
23,820
50,000
(50,000)
-500/0
253 - LIBRARY DEVELOPMENT DIF Totals:
180,153
100,000
100,000
23,820
50,000
(50,000)
-50%
254 - COMMUNITY & CULTURAL CENTERS
0000 - Undesignated
360 - Use of Money & Property
254-0000-41900 Allocated Interest
17,247
2,500
2,500
(868)
5,000
2,500
100%
254-0000-41910 GASB 31 Interest
(12,503)
0
0
0
0
0
0%
254-0000-43200 Developer Fees
401,734
250,000
250,000
57,360
100,000
(150,000)
-60%
360 - Use of Money & Property Totals:
406,479
252,500
252,500
56,492
105,000
(147,500)
-58%
0000 - Undesignated Totals: 406,479 252,500 252,500 56,492 105,000 (147,500) -58%
1UNITY & CULTURAL CENTERS DIF Totals: 406,479 252,500 252,500 56,492 105,000 (147,500) -58%
CITY OF LA QUINTA
SPECIAL FUND REVENUE DETAIL
FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change in
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 23/24
Budget
255 - STREET FACILITY DIF FUND
0000 - Undesignated
360 - Use of Money & Property
255-0000-41900 Allocated Interest
1,620
1,000
1,000
(71)
1,000
0
0%
255-0000-41910 GASB 31 Interest
(505)
0
0
0
0
0
0%
255-0000-43200 Developer Fees
3,360
0
0
0
0
0
0%
360 - Use of Money & Property Totals:
4,475
1,000
1,000
(71)
1,000
0
00/0
0000 - Undesignated Totals:
4,475
1,000
1,000
(71)
1,000
0
00/0
255 - STREET FACILITY DIF FUND Totals:
4,475
1,000
1,000
(71)
1,000
0
00/0
256 - PARK FACILITY DIF FUND
0000 - Undesignated
360 - Use of Money & Property
256-0000-41900 Allocated Interest
136
100
100
(7)
100
0
0%
256-0000-41910 GASB 31 Interest
(75)
0
0
0
0
0
0%
256-0000-43200 Developer Fees
1,600
0
0
0
0
0
0%
360 - Use of Money & Property Totals:
1,661
100
100
(7)
100
0
00/0
0000 - Undesignated Totals:
1,661
100
100
(7)
100
0
00/0
256 - PARK FACILITY DIF FUND Totals:
1,661
100
100
(7)
100
0
00/0
257 - FIRE PROTECTION DIF
0000 - Undesignated
360 - Use of Money & Property
257-0000-41900 Allocated Interest
10,689
1,500
1,500
(510)
3,000
1,500
100%
257-0000-41910 GASB 31 Interest
(6,608)
0
0
0
0
0
0%
257-0000-43200 Developer Fees
162,923
150,000
150,000
26,173
50,000
(100,000)
-67%
360 - Use of Money & Property Totals:
167,005
151,500
151,500
25,663
53,000
(98,500)
-65%
0000 - Undesignated Totals:
167,005
151,500
151,500
25,663
53,000
(98,500)
-65%
257 - FIRE PROTECTION DIF Totals:
167,005
151,500
151,500
25,663
53,000
(98,500)
-65%
259 - MAINTENANCE FACILITIES DIF FUN
0000 - Undesignated
360 - Use of Money & Property
259-0000-41900 Allocated Interest
5,489
1,000
1,000
(276)
2,000
1,000
100%
259-0000-41910 GASB 31 Interest
(4,212)
0
0
0
0
0
0%
259-0000-43200 Developer Fees
130,311
100,000
100,000
28,474
45,000
(55,000)
-55%
360 - Use of Money & Property Totals:
131,588
101,000
101,000
28,199
47,000
(54,000)
-53%
0000 - Undesignated Totals:
131,588
101,000
101,000
28,199
47,000
(54,000)
-53%
NTENANCE FACILITIES DIF FUND Totals:
131,588
101,000
101,000
28,199
47,000
(54,000)
-53%
CITY OF LA QUINTA
SPECIAL FUND REVENUE DETAIL
FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change in
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 23/24
Budget
270 - ART IN PUBLIC PLACES FUND
0000 - Undesignated
360 - Use of Money & Property
270-0000-41900 Allocated Interest
17,868
4,000
4,000
(771)
8,000
4,000
100%
270-0000-41910 GASB 31 Interest
(5,242)
0
0
0
0
0
0%
270-0000-43201 APP Fees
83,086
100,000
100,000
101,356
100,000
0
0%
360 - Use of Money & Property Totals:
95,711
104,000
104,000
100,585
108,000
4,000
4%
390 - Other Financing Sources
270-0000-49500 Transfers In 50,000 50,000 50,000 50,000 I 50,000 0 0%
390 - Other Financing Sources Totals: 50,000 50,000 50,000 50,000 50,000 0 00/0
0000 - Undesignated Totals: 145,711 154,000 154,000 150,585 158,000 4,000 3%
70 - ART IN PUBLIC PLACES FUND Totals: 145,711 154,000 154,000 150,585 158,000 4,000 3%
275 - LQ PUBLIC SAFETY OFFICER
0000 - Undesignated
360 - Use of Money & Property
275-0000-41900 Allocated Interest 1,086 500 500 (47) 1,000 500 100%
275-0000-41910 GASB 31 Interest (330) 0 0 0 0 0 0%
360 - Use of Money & Property Totals: 756 500 500 (47) 1,000 500 1000/0
390 - Other Financing Sources
275-0000-49500 Transfers In 2,000 2,000 2,000 2,000 I 2,000 0 0%
390 - Other Financing Sources Totals: 2,000 2,000 2,000 2,000 2,000 0 00/0
0000 - Undesignated Totals: 2,756 2,500 2,500 1,953 3,000 500 20%
275 - LQ PUBLIC SAFETY OFFICER Totals: 2,756 2,500 2,500 1,953 3,000 500 20%
310 - LQ FINANCE AUTHORITY DEBT SERI
0000 - Undesignated
360 - Use of Money & Property
310-0000-42111 Rental Income 907 1,100 1,100 0 I 1,500 400 36%
360 - Use of Money & Property Totals: 907 1,100 1,100 0 1,500 400 36%
0000 - Undesignated Totals: 907 1,100 1,100 0 1,500 400 36%
NANCE AUTHORITY DEBT SERVICE Totals: 907 1,100 1,100 0 1,500 400 36%
ill
CITY OF LA QUINTA
SPECIAL FUND REVENUE DETAIL
FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change in
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 23/24
Budget
401 - CAPITAL IMPROVEMENT PROGRAMS
0000 - Undesignated
330 - Intergovernmental
401-0000-41714 SB 821 Grants
60,607
0
0
0
0
0
0%
401-0000-41716 Highway Bridge Program
29,885
0
28,791,086
5,932,895
0
(28,791,086)
-100%
401-0000-41718 Land & Water Conservati
0
3,000,000
3,000,000
0
0
(3,000,000)
-100%
401-0000-41719 Federal Earmark Funding
0
0
0
0
6,000,000
6,000,000
0%
401-0000-41721 CVAG
199,539
0
7,789,253
2,342,514
0
(7,789,253)
-100%
401-0000-43634 CV Water District
101,089
0
121,669
331,208
0
(121,669)
-100%
401-0000-43650 Contributions from Other
420
0
114,766
100,044
0
(114,766)
-100%
330 - Intergovernmental Totals:
391,540
3,000,000
39,816,774
8,706,662
6,000,000
(33,816,774)
-85%
360 - Use of Money & Property
401-0000-43133 Developer Agreement Fu 0 0 906,341 0 I 0 (906,341) -100%
360 - Use of Money & Property Totals: 0 0 906,341 0 0 (906,341) -1000/0
390 - Other Financing Sources
401-0000-49500 Transfers In 7,927,550 14,950,700 49,965,557 8,299,375 I 23,019,109 (26,946,448) -54%
390 - Other Financing Sources Totals: 7,927,550 14,950,700 49,965,557 8,299,375 23,019,109 (26,946,448) -54%
0000 - Undesignated Totals: 8,319,090 17,950,700 90,688,672 17,006,037 29,019,109 (61,669,563) -68%
\PITAL IMPROVEMENT PROGRAMS Totals: 8,319,090 17,950,700 90,688,672 17,006,037 29,019,109 (61,669,563) -68%
405 - SA PA 1 CAPITAL IMPRV FUND
0000 - Undesignated
360 - Use of Money & Property
405-0000-41900 Allocated Interest 125 1,500 1,500 (5) 500 (1,000) -67%
405-0000-41910 GASB 31 Interest (33) 0 0 0 0 0 0%
360 - Use of Money & Property Totals: 93 1,500 1,500 (5) 500 (1,000) -67%
0000 - Undesignated Totals: 93 1,500 1,500 (5) 500 (1,000) -67%
15 - SA PA 1 CAPITAL IMPRV FUND Totals: 93 1,500 1,500 (5) 500 (1,000) -67%
501 - FACILITY & FLEET REPLACEMENT
0000 - Undesignated
340 - Charges for Services
501-0000-42305 Miscellaneous Reimburse 480 0 0 0 I 0 0 0%
340 - Charges for Services Totals: 480 0 0 0 0 0 00/0
360 - Use of Money & Property
501-0000-41900 Allocated Interest
82,866
20,000
20,000
(3,726)
40,000
20,000
100%
501-0000-41910 GASB 31 Interest
(33,905)
0
0
0
0
0
0%
501-0000-42000 Insurance Recoveries
0
0
0
25,702
0
0
0%
360 - Use of Money & Property Totals:
48,961
20,000
20,000
21,976
40,000
20,000
1000/0
iff
CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change in
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 23/24
Budget
390 - Other Financing Sources
501-0000-42207 Capital Contributions
207,668
0
0
0
0
0
0%
501-0000-43636 FMP Equipment Charges
1,664,000
1,664,000
1,664,000
1,121,250
1,664,000
0
0%
501-0000-45000 Sale of Other Assets
189,571
1,000
1,000
9,500
1,000
0
0%
390 - Other Financing Sources Totals:
2,061,239
1,665,000
1,665,000
1,130,750
1,665,000
0
00/0
0000 - Undesignated Totals:
2,110,680
1,685,000
1,685,000
1,152,726
1,705,000
20,000
10/0
FACILITY & FLEET REPLACEMENT Totals:
2,110,680
1,685,000
1,685,000
1,152,726
1,705,000
20,000
10/0
502 - INFORMATION TECHNOLOGY
0000 - Undesignated
340 - Charges for Services
502-0000-43611 Technology Enhancemeni
36,424
20,000
20,000
30,592 I
30,000
10,000
50%
340 - Charges for Services Totals:
36,424
20,000
20,000
30,592
30,000
10,000
50%
360 - Use of Money & Property
502-0000-41900 Allocated Interest
57,513
10,000
10,000
(2,655)
20,000
10,000
100%
502-0000-41910 GASB 31 Interest
(30,592)
0
0
0
0
0
0%
360 - Use of Money & Property Totals:
26,921
10,000
10,000
(2,655)
20,000
10,000
1000/0
390 - Other Financing Sources
502-0000-42207 Capital Contributions
44,601
0
0
0
0
0
0%
502-0000-43610 Technology Support Char
2,226,708
2,226,708
2,226,708
2,288,250
2,226,708
0
0%
390 - Other Financing Sources Totals:
2,271,309
2,226,708
2,226,708
2,288,250
2,226,708
0
00/0
0000 - Undesignated Totals:
2,334,654
2,256,708
2,256,708
2,316,187
2,276,708
20,000
10/0
W2 - INFORMATION TECHNOLOGY Totals:
2,334,654
2,256,708
2,256,708
2,316,187
2,276,708
20,000
10/0
503 - PARK EQUIP & FACILITY FUND
0000 - Undesignated
360 - Use of Money & Property
503-0000-41900 Allocated Interest
80,886
20,000
20,000
(3,340)
50,000
30,000
150%
503-0000-41910 GASB 31 Interest
(19,260)
0
0
0
0
0
0%
360 - Use of Money & Property Totals:
61,626
20,000
20,000
(3,340)
50,000
30,000
1500/0
390 - Other Financing Sources
503-0000-43620 Park Facility Charges
450,000
450,000
450,000
750,000 I
450,000
0
0%
390 - Other Financing Sources Totals:
450,000
450,000
450,000
750,000
450,000
0
00/0
0000 - Undesignated Totals:
511,626
470,000
470,000
746,660
500,000
30,000
6%
3 - PARK EQUIP & FACILITY FUND Totals:
511,626
470,000
470,000
746,660
500,000
30,000
6%
12
CITY OF LA QUINTA
SPECIAL FUND REVENUE DETAIL
FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24 2023/24
2024/25
24/25 vs.
% Change in
Actuals
Original Budget
Current Budget YTD Activity*
Proposed
Current 23/24
Budget
504-INSURANCE FUND
0000 - Undesignated
360 - Use of Money & Property
504-0000-41900 Allocated Interest
7,922
1,000
1,000 (542)
2,000
1,000
100%
504-0000-41910 GASB 31 Interest
(7,114)
0
0 0
0
0
0%
360 - Use of Money & Property Totals:
808
1,000
1,000 (542)
2,000
1,000
1000/0
390 - Other Financing Sources
504-0000-43637 Insurance Charges
1,020,000
1,361,230
1,361,230
1,020,922 I
1,361,230
0
0%
390 - Other Financing Sources Totals:
1,020,000
1,361,230
1,361,230
1,020,922
1,361,230
0
00/0
0000 - Undesignated Totals:
1,020,808
1,362,230
1,362,230
1,020,380
1,363,230
1,000
00/0
504 - INSURANCE FUND Totals:
1,020,808
1,362,230
1,362,230
1,020,380
1,363,230
1,000
00/0
760 - SUPPLEMENTAL PENSION PLAN
0000 - Undesignated
360 - Use of Money & Property
760-0000-41900 Allocated Interest
1,580
1,000
1,000
(69)
2,000
1,000
100%
760-0000-41910 GASB 31 Interest
(253)
0
0
0
0
0
0%
360 - Use of Money & Property Totals:
1,327
1,000
1,000
(69)
2,000
1,000
1000/0
390 - Other Financing Sources
760-0000-49500 Transfers In
5,000
5,000
5,000
5,000 I
5,000
0
0%
390 - Other Financing Sources Totals:
5,000
5,000
5,000
5,000
5,000
0
00/0
0000 - Undesignated Totals:
6,327
6,000
6,000
4,931
7,000
1,000
17%
- SUPPLEMENTAL PENSION PLAN Totals:
6,327
6,000
6,000
4,931
7,000
1,000
17%
761 - CERBT OPEB TRUST
0000 - Undesignated
360 - Use of Money & Property
761-0000-41915 Non -Allocated Interest
64,498
20,000
20,000
145,502 I
40,000
20,000
100%
360 - Use of Money & Property Totals:
64,498
20,000
20,000
145,502
40,000
20,000
1000/0
0000 - Undesignated Totals:
64,498
20,000
20,000
145,502
40,000
20,000
1000/0
761 - CERBT OPEB TRUST Totals:
64,498
20,000
20,000
145,502
40,000
20,000
1000/0
13
CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change in
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 23/24
Budget
762 - PARS PENSION TRUST
0000 - Undesignated
360 - Use of Money & Property
762-0000-41915 Non -Allocated Interest
227,803
100,000
100,000
186,714 I
200,000
100,000
100%
360 - Use of Money & Property Totals:
227,803
100,000
100,000
186,714
200,000
100,000
1000/0
0000 - Undesignated Totals: 227,803 100,000 100,000 186,714 200,000 100,000 1000/0
762 - PARS PENSION TRUST Totals: 227,803 100,000 100,000 186,714 200,000 100,000 1000/0
14
CITY OF LA QUINTA SPECIAL FUND REVENUE NOTES FY 2024/25 PROPOSED BUDGET
REVENUE NOTES BY FUND NUMBER —
105 Disaster Recovery Fund This fund was created due to the Passage of the American
Rescue Plan Act (ARPA) in March 2021, the $1.9 trillion federal stimulus package, included
funding for local governments to address the health and economic impacts caused by the
pandemic. The City received a total of about $9.9 million in one-time Coronavirus State and
Local Fiscal Relief Funds. The funds were received as revenue replacement funds under the
Treasury's Final Rule and can be used for the provision of general government services.
201 Gas Tax Fund This fund includes both Highway Users Tax Account (HUTA) and Road
Maintenance & Rehabilitation Account (RMRA, also known as SB1) Revenues. The projections
are provided by the State and despite lower fuel consumption, scheduled rate increases
stipulated in SB1 have kept local allocations of revenue growing at a modest pace; current
estimates show total statewide local streets and roads allocations will grow by 4%. Streets and
Highways Code Sections 2103-2108 HUTA are allocated to counties and cities based on
designated allotments and population. Each May and January, the State provides revised
projections and the City adjusts revenue projections accordingly.
• Section 2105 allocates 11.5 percent of tax revenues in excess of 9 cents per gallon
monthly among cities based on population.
• Section 2106 revenues equal to 1.04 cent per gallon are allocated to the State
Bicycle Transportation Account (7.2 million per year), $400 per month to each City,
$800 per month to each County, and the residual amount is allocated to cities and
counties based on registered vehicles and population.
• Section 2107 provides monthly allocations to cities of 1.315 cents per gallon of
gasoline, 1.8 cents per gallon of diesel, and 2.59 cents per liquefied petroleum gas
allocated based on population.
• Section 2107.5 is residual revenue remaining after Sections 2103 - 2107 are
allocated to cities annually in July based on population ranges. A range of 25,000 to
49,999 residents receives $6,000.
• After State transportation debt service is paid, 44% of the remaining excise taxes are
evenly split between cities and counties using the current HUTA formulas. Section
2103 funds are allocated to cities on a per capita basis.
• This revenue source is derived from the Road Repair and Accountability Act of 2017
(SB1 Beall). On July 1, 2020, and every July 1 thereafter, the gasoline and diesel
fuel excise tax rates and vehicle registration taxes will be increasing by the change in
the California Consumer Price Index (CPI). SB1 funds are subject to a special annual
audit and a minimum annual maintenance of effort contribution for road
improvements paid from the General Fund, which is $1,786,109.
202 Library and Museum Fund operational revenues are derived from property taxes, which
are used to support activities of the Library, Museum, and Makerspace.
203 Public Safety Fund revenue is derived from Measure G Sales Taxes for public safety
expenditures. There are no proposed transfers in for 2024/25.
210 Federal Assistance Fund revenues are derived from federal allocations for Community
Development Block Grants (CDBG); 15% can be used for public service projects and 85% for
public improvement or housing services.
15
CITY OF LA QUINTA SPECIAL FUND REVENUE NOTES FY 2024/25 PROPOSED BUDGET
212 SLESA COPS Fund revenues are derived from the State of California and are received for
law enforcement activities of the Riverside County's Sheriff's Department, also known as
Supplemental Law Enforcement Services Fund Activities (SLESA).
215 Lighting and Landscape Fund assessments are based on an annual assessment rate of
$35.60 per Equivalent Benefit Unit (EBU, which is generally one EBU per Single Family
Residence parcel), which was established in 1997 and remains unchanged. The district was
formed pursuant to the 1972 Act, which permits the establishment of assessment districts by
cities for the purpose of providing for the maintenance of certain public improvements. Changes
to the assessment rate are bound by Proposition 218 regulations. Each year the assessment
information is submitted to the County Auditor/Controller and included in property tax rolls. The
Fund is largely supported by the General Fund with transfer in contributions for operational
expenses.
220 Quimby Fund fees are established under Government Code Section 66477 which predates
the Mitigation Fee Act and authorizes a city or county to require dedication of land, payment of
fees in -lieu of dedication, or a combination of both, for park and recreational purposes as a
condition of approval of a residential subdivision. These fees were last updated on February 4,
2020, with an effective date of July 1, 2020 and an adjustment on July 1, 2021 and July 1, 2022.
221 AB 939 CalRecycle Fund is used to account for franchise fees collected from the city
waste hauler that are used to reduce waste sent to landfills through recycling efforts. The City
has a Franchise Agreement with Burrtec Waste and Recycling Services, LLC effective July
2022 through June 2037.
223 Measure A Fund Revenue received is derived from a half -cent sales tax first passed by
voters in 1988 and extended by vote in 2002 to continue to fund transportation improvements
through 2039. Funds are distributed proportionately to three geographic areas based on the
sales tax collected within each. In the Coachella Valley, 50% goes to Highways & Regional
Arterials, 35% to Local Streets & Roads, and 15% to Public Transit.
225 Infrastructure Fund is being phased out and not subject to collection of future revenue
from developments.
226 Emergency Management Performance Fund revenues are received from the State
Homeland Security Grant Program to local governments to assist to further the State of
California's efforts to prepare for natural and man-made disasters and terrorism related impacts
to communities.
227 State Homeland Security Programs (SHSP) Fund revenue and expenditures are
recognized when grants are awarded. Funds are received from the State Homeland Security
Grant Program to local governments to assist to further the State of California's efforts to prepare
for natural and man-made disasters and terrorism related impacts to communities.
230 CASp, AB 1379 Fund SB 1186 revenue is derived from a $4 per business license renewal
fee and its purpose is to increase disability access and compliance with construction -related
accessibility requirements at businesses and facilities that are open to the public. The fee is
divided between the City, which retains 90 percent, and the Division of the State Architect
(DSA), which receives 10 percent.
im
CITY OF LA QUINTA SPECIAL FUND REVENUE NOTES FY 2024/25 PROPOSED BUDGET
235 South Coast Air Quality Fund revenues recognize contributions from the South Coast Air
Quality Management District. Uses are limited to the reduction and control of airborne pollutants.
241 Housing Authority Fund Second Silent Trust Deed Payments and Home/Land Sale
Proceeds vary from year-to-year. Additional repayment of silent second trust deeds are
recognized upon receipt.
243 RDA Low -Mod Housing Fund The total 2024/25 former Redevelopment Agency loan
repayment is $3,505,817; as required under Redevelopment dissolution 20% or $701,163 will
be recognized in reserves within this Housing Fund.
247 Economic Development Fund revenues can be used for future economic development,
fiscal year 2024/25 revenues will be used for additional economic development outreach.
249 Successor Agency (SA) 2011 Low/Mod Bond Fund In FY 2023/24, this fund was used
for the acquisition of the vacant property located west of the Home Depot Center on Highway
111, on the northeast corner of Highway 111 and Dune Palms Road proposed to be developed
as an affordable housing development with a connecting thoroughfare to CV Link. Remaining
bond funds continue to earn interest and are available for future housing projects.
250 Transportation Fees Fund are dependent upon new development. California Complete
Streets Act requires local governments in the state to address the transportation needs of all
users, including pedestrians, cyclists, and transit riders. These fees were last updated on
February 4, 2020, with an effective date of July 1, 2020, and an adjustment on July 1, 2021 and
July 1, 2022.
251 Park and Recreation DIF Fund fees are dependent upon new residential development.
Impact fees for parkland acquisition apply to residential projects not involving a subdivision, and
impact fees for construction of park improvements apply to all residential development projects.
Fees collected are used to provide additional parks to mitigate the impact of new development
in the City. These fees were last updated on February 4, 2020, with an effective date of July 1,
2020, and an adjustment on July 1, 2021 and July 1, 2022.
252 Civic Center DIF Fund fees are dependent upon new development. The purpose of the
impact fee is to pay for new development' s proportionate share of the cost of providing Civic
Center facilities to serve residents and businesses in La Quinta. Impact fees will be used to pay
for future expansion of the Civic Center Campus. These fees were last updated on February 4,
2020, with an effective date of July 1, 2020 and an adjustment on July 1, 2021 and July 1, 2022.
253 Library DIF Fund fees are dependent upon new residential development. Impact fees are
collected for the La Quinta Library, which is owned by the City of La Quinta and operated by the
Riverside County Library System. These fees were last updated on February 4, 2020, with an
effective date of July 1, 2020 and an adjustment on July 1, 2021 and July 1, 2022.
254 Community and Cultural Center DIF Fund fees are dependent upon new residential
development. This fee was formerly known as the Community Centers impact fee. In 2020, the
scope of the fee was broadened to include cultural facilities such as the La Quinta Museum.
These fees were last updated on February 4, 2020, with an effective date of July 1, 2020 and an
adjustment on July 1, 2021 and July 1, 2022.
17
CITY OF LA QUINTA SPECIAL FUND REVENUE NOTES FY 2024/25 PROPOSED BUDGET
255 Street Facility DIF Fund fees were dependent upon new development. An updated DIF
Study was adopted on February 4, 2020 with an effective date of July 1, 2020. The updated DIF
Study phased out the Street Facility DIF and the Park Facility DIF and replaced these fees with
one Maintenance Facilities DIF fee.
256 Park Facility DIF Fund fees were dependent upon new development. An updated DIF
Study was adopted on February 4, 2020 with an effective date of July 1, 2020. The updated DIF
Study phased out the Street Facility DIF and the Park Facility DIF and replaced these fees with
one Maintenance Facilities DIF fee.
257 Fire Facility DIF Fund fees are dependent upon new development. The City contracts with
the Riverside County Fire Department for fire protection, fire prevention, rescue, Fire Marshall,
and medical emergency services. The City builds and owns the fire stations in La Quinta. Those
stations are part of an integrated system of fire protection facilities used by the Riverside County
Fire Department to provide fire protection to La Quinta and surrounding communities, including
unincorporated portions of the County. There are three existing fire stations in the City and
preliminary plans call for a fourth fire station to be constructed in or near the southeastern
quadrant of La Quinta. That station will be needed to provide an acceptable level of service to
development in that part of the City and in portions of unincorporated Riverside County. These
fees were last updated on February 4, 2020, with an effective date of July 1, 2020 and an
adjustment on July 1, 2021 and July 1, 2022.
259 Maintenance Facilities Fund was created in FY 2020/21 after the updated DIF Study was
adopted on February 4, 2020 with an effective date of July 1, 2020. The updated DIF Study
phased out the Street Facility DIF and the Park Facility DIF and replaced these fees with one
Maintenance Facilities DIF fee. Fees are dependent upon new development and are used for
the corporate yard maintenance facilities and equipment needed to serve future development in
La Quinta.
270 Art in Public Places Fund transfers in are from the General Fund for operational
expenses. Fees are dependent upon new development. These fees require a separate study
from other development impact fees.
275 LQ Public Safety Officer Fund transfers in are from the General Fund. Annual transfer in
from General Fund; distributed to public safety officers disabled or killed in the line of duty.
310 LQ Finance Authority Debt Service Fund is used to account for the debt service that will
be used for the principal and interest payments of the Financing Authority's outstanding debt
and any related reporting requirements. The 1996 Civic Center Bond was paid off in October
2018, resulting in savings to the General Fund. An annual State Controller's Report and audit
are required.
401 Capital Improvement Programs Fund has large variances annually because of multi -year
project carryovers. A listing of 2024/25 projects is presented within the Capital Improvement
Fund expenditures.
501, 502, 503, and 504 Internal Services Funds in which revenues are largely derived from
the General Fund based on employee and equipment allocations by division.
601 SilverRock Resort Fund transfers in budget of $500,000 is derived from the General Fund
as a contribution for anticipated operational expenses.
18
CITY OF LA QUINTA SPECIAL FUND REVENUE NOTES FY 2024/25 PROPOSED BUDGET
760 Supplemental Pension Plan Fund transfers are from the General Fund.
761 Supplemental Pension Plan Fund The City participates in the California Employers'
Retiree Benefit Trust (CERBT) for the purpose of accumulating funding for OPEB obligations.
The CERBT is a Section 115 Trust and is an agent multiple employer plan for those electing to
prefund OPEB obligations. Revenues in this fund can come from earnings on the portfolio or
additional contribution transfers in from the General Fund.
762 Pension Trust Fund In 2019, the City established a Section 115 Trust Agreement with
U.S. Bank National Association and Public Agency Retirement Services (PARS), Trust
Administrator. The Section 115 Trust was established to set aside monies to fund the City's
pension obligations. Contributions to the Section 115 Trust are irrevocable, the assets provide
benefits to plan members, and the assets are protected from creditors of the City. The purpose
of the Trust is to address the City's pension obligations by accumulating assets to reduce the
net pension liability. Revenues in this fund can come from earnings on the portfolio or additional
contribution transfers in from the General Fund.
19
CITY OF LA QUINTA
LIBRARY & MUSEUM FUND EXPENSE DETAIL
FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
0/b Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
202 - LIBRARY &
MUSEUM FUND
3004 - Library
50 - Salaries and
Benefits
202-3004-50101
Permanent Full Time
70,860
48,500
48,500
56,336
49,900
1,400
3%
202-3004-50200
PERS - City Portion
5,969
5,700
5,700
5,831
5,800
100
2%
202-3004-50215
Other - Fringe Benefits
780
520
520
690
520
0
0%
202-3004-50221
Medical Insurance
10,448
9,600
9,600
9,620
11,000
1,400
15%
202-3004-50222
Vision Insurance
93
0
0
85
0
0
0%
202-3004-50223
Dental Insurance
573
0
0
474
0
0
0%
202-3004-50224
Life Insurance
41
0
0
35
0
0
0%
202-3004-50225
Long Term Disability
386
400
400
340
400
0
0%
202-3004-50230
Workers Comp Insurance
1,600
2,000
2,000
1,500
2,000
0
0%
202-3004-50240
Social Security Medicare
1,027
800
800
817
800
0
0%
50 - Salaries and Benefits Totals:
91,777
67,520
67,520
75,726
70,420
2,900
4%
60 - Contract Services
202-3004-60112 Landscape Contract
10,428
11,200
11,200
10,230
33,600
22,400
200%
202-3004-60114 County of Riverside - Libi
1,095,265
900,000
900,000
455,743
1,286,800
386,800
43%
202-3004-60115 Janitorial
34,755
45,000
45,000
32,643
60,000
15,000
33%
202-3004-60116 Pest Control
844
1,000
1,000
844
1,000
0
0%
202-3004-60123 Security & Alarm
1,680
2,000
2,000
2,087
4,000
2,000
100%
60 - Contract Services Totals:
1,142,971
959,200
959,200
501,548
1,385,400
426,200
44%
62 - Maintenance & Operations
202-3004-60420
Operating Supplies
202-3004-60424
Materials- New Exhibits
202-3004-60431
Materials/Supplies
202-3004-60664
Fire Extinguisher Service
202-3004-60665
Maint-Other Equipment
202-3004-60667
HVAC
202-3004-60691
Maintenance/Services
62 - Maintenance & Operations Totals;
501
120,000
120,000
991
100,000
(20,000)
-17%
514
5,000
5,000
0
15,000
10,000
200%
0
10,000
10,000
0
5,000
(5,000)
-50%
193
500
500
0
500
0
0%
0
1,000
1,000
0
1,000
0
0%
49,325
95,000
95,000
8,194
95,000
0
0%
59,368
165,000
165,000
55,778
165,000
0
0%
109,901 396,500 396,500 64,962 381,500 (15,000) -4%
66 - Utilities
202-3004-61100
Gas - Utilities
3,249
3,000
3,000
830
3,000
0
0%
202-3004-61101
Electricity - Utilities
53,205
60,000
60,000
50,214
60,000
0
0%
202-3004-61200
Water - Utilities
341
500
500
0
500
0
0%
66 - Utilities Totals:
56,795
63,500
63,500
51,044
63,500
0
0%
68 - Capital Expenses
202-3004-71020 Furniture 0 5,000 5,000 0 10,000 5,000 100%
202-3004-72110 Building Improvements 0 150,000 150,000 0 0 (150,000) -100%
68 - Capital Expenses Totals: 0 155,000 155,000 0 10,000 (145,000) -94%
20
CITY OF LA QUINTA
LIBRARY & MUSEUM FUND EXPENSE DETAIL
FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
0/b Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
69 - Internal Service Charges
202-3004-91842 Liability Insurance & Clah
13,300
13,500
13,500
10,125
13,500
0
0%
202-3004-91843 Property & Crime Insurar
4,600
5,600
5,600
4,200
5,600
0
0%
202-3004-91844 Earthquake Insurance
10,700
11,700
11,700
8,775
11,700
0
0%
202-3004-98110 Information Tech Charge
17,300
11,600
11,600
8,700
11,600
0
0%
69 - Internal Service Charges Totals:
45,900
42,400
42,400
31,800
42,400
0
00/0
3004 - Library Totals: 1,447,344 1,684,120 1,684,120 725,080 1,953,220 269,100 16%
3006 - Museum
60 - Contract Services
202-3006-60105
Museum Operations
202-3006-60112
Landscape Contract
202-3006-60115
Janitorial
202-3006-60116
Pest Control
202-3006-60123
Security & Alarm
60 - Contract Services Totals:
215,000
2,172
11,266
593
215,000
3,500
15,000
800
215,000
123,486
221,450
6,450
231,610 236,800 236.800 138.346 263.750 26.950 110/0
62 - Maintenance & Operations
202-3006-60122 Credit Card Fees 0 1,000 1,000 0 1,000 0 0%
202-3006-60420 Operating Supplies 3,032 5,000 5,000 210 5,000 0 0%
202-3006-60431 Materials/Supplies 0 7,500 7,500 518 15,000 7,500 100%
202-3006-60664 Fire Extinguisher Service 120 500 500 0 500 0 0%
202-3006-60667 HVAC 16,282 21,000 21,000 9,711 20,000 (1,000) -5%
202-3006-60691 Maintenance/Services 32,255 7,500 7,500 10,836 20,000 12,500 167%
62 - Maintenance & Operations Totals: 51,688 42,500 42,500 21,274 61,500 19,000 45%
66 - Utilities
202-3006-61101 Electricity - Utilities 15,230 17,000 17,000 14,622 17,000 0 0%
202-3006-61200 Water - Utilities 2,895 3,500 3,500 3,636 3,500 0 0%
202-3006-61300 Telephone - Utilities 1,576 1,700 1,700 1,455 1,700 0 0%
66 - Utilities Totals: 19,701 22,200 22,200 19,713 22,200 0 0%
69 - Internal Service Charges
202-3006-91842 Liability Insurance & Claii 23,150 23,350 23,350 17,512 23,350 0 0%
202-3006-91843 Property & Crime Insurar 8,000 9,000 9,000 6,750 9,000 0 0%
202-3006-91844 Earthquake Insurance 14,000 15,000 15,000 11,250 15,000 0 0%
202-3006-98110 Information Tech Charge 10,000 10,000 10,000 7,500 10,000 0 0%
69 - Internal Service Charges Totals: 55,150 57,350 57,350 43,012 57,350 0 0%
99 - Transfers Out
202-3006-99900 Transfers Out 122,382 0 2,694,323 214,318 I 0 (2,694,323) -100%
99 - Transfers Out Totals: 122,382 0 2,694,323 214,318 0 (2,694,323) -100%
3006 - Museum Totals: 480,531 358,850 3,053,173 436,664 404,800 (2,648,373) -87%
3009 - MakerSpace Operations
60 - Contract Services
202-3009-60105 Makerspace Operations 159,836 180,190 21 180,190 81,219 I 180,595 405 0%
3%
586%
0%
0%
66 - Utilities
202-3006-61101 Electricity - Utilities 15,230 17,000 17,000 14,622 17,000 0 0%
202-3006-61200 Water - Utilities 2,895 3,500 3,500 3,636 3,500 0 0%
202-3006-61300 Telephone - Utilities 1,576 1,700 1,700 1,455 1,700 0 0%
66 - Utilities Totals: 19,701 22,200 22,200 19,713 22,200 0 0%
69 - Internal Service Charges
202-3006-91842 Liability Insurance & Claii 23,150 23,350 23,350 17,512 23,350 0 0%
202-3006-91843 Property & Crime Insurar 8,000 9,000 9,000 6,750 9,000 0 0%
202-3006-91844 Earthquake Insurance 14,000 15,000 15,000 11,250 15,000 0 0%
202-3006-98110 Information Tech Charge 10,000 10,000 10,000 7,500 10,000 0 0%
69 - Internal Service Charges Totals: 55,150 57,350 57,350 43,012 57,350 0 0%
99 - Transfers Out
202-3006-99900 Transfers Out 122,382 0 2,694,323 214,318 I 0 (2,694,323) -100%
99 - Transfers Out Totals: 122,382 0 2,694,323 214,318 0 (2,694,323) -100%
3006 - Museum Totals: 480,531 358,850 3,053,173 436,664 404,800 (2,648,373) -87%
3009 - MakerSpace Operations
60 - Contract Services
202-3009-60105 Makerspace Operations 159,836 180,190 21 180,190 81,219 I 180,595 405 0%
3%
586%
0%
0%
69 - Internal Service Charges
202-3006-91842 Liability Insurance & Claii 23,150 23,350 23,350 17,512 23,350 0 0%
202-3006-91843 Property & Crime Insurar 8,000 9,000 9,000 6,750 9,000 0 0%
202-3006-91844 Earthquake Insurance 14,000 15,000 15,000 11,250 15,000 0 0%
202-3006-98110 Information Tech Charge 10,000 10,000 10,000 7,500 10,000 0 0%
69 - Internal Service Charges Totals: 55,150 57,350 57,350 43,012 57,350 0 0%
99 - Transfers Out
202-3006-99900 Transfers Out 122,382 0 2,694,323 214,318 I 0 (2,694,323) -100%
99 - Transfers Out Totals: 122,382 0 2,694,323 214,318 0 (2,694,323) -100%
3006 - Museum Totals: 480,531 358,850 3,053,173 436,664 404,800 (2,648,373) -87%
3009 - MakerSpace Operations
60 - Contract Services
202-3009-60105 Makerspace Operations 159,836 180,190 21 180,190 81,219 I 180,595 405 0%
3%
586%
0%
0%
99 - Transfers Out
202-3006-99900 Transfers Out 122,382 0 2,694,323 214,318 I 0 (2,694,323) -100%
99 - Transfers Out Totals: 122,382 0 2,694,323 214,318 0 (2,694,323) -100%
3006 - Museum Totals: 480,531 358,850 3,053,173 436,664 404,800 (2,648,373) -87%
3009 - MakerSpace Operations
60 - Contract Services
202-3009-60105 Makerspace Operations 159,836 180,190 21 180,190 81,219 I 180,595 405 0%
3%
586%
0%
0%
CITY OF LA QUINTA LIBRARY & MUSEUM FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24 2024/25
24/25 vs.
0/b Change
Actuals
Original Budget
Current Budget
YTD Activity* Pro osed Budget
Current 23 24
in Budqet
202-3009-60122 Credit Card Fees 820
1,000
1,000
0 1,000
0
0%
60 - Contract Services Totals: 160,656
181,190
181,190
81,219 181,595
405
00/0
62 - Maintenance & Operations
202-3009-60420 Operating Supplies 0 10,000 10,000 98 10,000 0 0%
202-3009-60424 Materials - New Exhibits 0 1,000 1,000 0 1,000 0 0%
62 - Maintenance & Operations Totals: 0 11,000 11,000 98 11,000 0 00/0
65 - Repair & Maintenance
202-3009-60691 Maintenance/Services 0 5,000 5,000 1,380 I 5,000 0 0%
65 - Repair & Maintenance Totals: 0 5,000 5,000 1,380 5,000 0 00/0
68 - Capital Expenses
202-3009-80100 Machinery & Equipment 0 0 0 1,770 0 0 0%
68 - Capital Expenses Totals: 0 0 0 1,770 0 0 00/0
3009 - MakerSpace Operations Totals:
160,656 197,190 197.190 84,466 197,595 405 00/0
202 - LIBRARY & MUSEUM FUND Totals: 2,088,532 2,240,160 4,934,483 1,246,210 2,555,615 (2,378,868) -48%
22
CITY OF LA QUINTA LIBRARY & MUSEUM FUND EXPENSE NOTES FY 2024/25 PROPOSED BUDGET
Fund: 202 - LIBRARY & MUSEUM FUND
202-3004-50101 Permanent Full Time 49,900.00
20% - Community Services Director (80% Community Services Administration)
20% - Management Analyst (80% Community Resources Administration)
202-3004-60112 Landscape Contract 33,600.00
For Library facility
202-3004-60114 County of Riverside - Library 1,286,800.00
Library services and programs are contracted with the County
of Riverside through June 30, 2029
202-3006-60112 Landscape Contract 24,000.00
For Museum facility
23
CITY OF LA QUINTA GAS TAX FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
201 - GAS TAX FUND
7003 - Streets
50 - Salaries and
Benefits
201-7003-50101
Permanent Full Time
242,512
512,800
512,800
309,192
528,500
15,700
3%
201-7003-50105
Salaries - Overtime
0
2,500
2,500
654
2,500
0
0%
201-7003-50106
Standby
8,616
10,000
10,000
9,340
10,000
0
0%
201-7003-50107
Standby Overtime
16,965
15,000
15,000
19,507
20,000
5,000
33%
201-7003-50150
Other Compensation
1,244
0
0
640
0
0
0%
201-7003-50200
PERS-City Portion
28,927
49,500
49,500
29,948
51,500
2,000
4%
201-7003-50215
Other Fringe Benefits
3,900
10,400
10,400
3,719
10,400
0
0%
201-7003-50221
Medical Insurance
109,672
143,500
143,500
113,658
190,500
47,000
33%
201-7003-50222
Vision Insurance
1,560
0
0
1,338
0
0
0%
201-7003-50223
Dental Insurance
7,188
0
0
6,925
0
0
0%
201-7003-50224
Life Insurance
312
0
0
284
0
0
0%
201-7003-50225
Long Term Disability
1,460
3,000
3,000
1,638
3,500
500
17%
201-7003-50230
Workers Comp Insurance
10,500
38,100
38,100
28,575
40,000
1,900
5%
201-7003-50240
Social Security -Medicare
5,463
7,500
7,500
5,814
7,500
0
0%
201-7003-50241
Social Security- FICA
1,944
0
0
1,186
0
0
0%
201-7003-50251
Temporary
99,022
50,000
50,000
58,257
0
(50,000)
-100%
50 - Salaries and Benefits Totals:
539,285
842,300
842,300
590,674
864,400
22,100
3%
60 - Contract Services
201-7003-60103 Professional Services 4,152 3,300 3,300 3,300 3,300 0 0%
201-7003-60141 Street Striping 18 20,000 20,000 0 20,000 0 0%
60 - Contract Services Totals: 4.170 23.300 23.300 3.300 23.300 0 00/0
62 - Maintenance & Operations
201-7003-60427
Safety Gear
201-7003-60428
Barricades
201-7003-60429
Traffic Control Signs
201-7003-60430
Asphalt
201-7003-60431
Materials/Supplies
201-7003-60433
Paint/Legends
201-7003-60672
Storm Drains
201-7003-60690
Uniforms
62 - Maintenance & Operations Totals
4,288
10,000
10,000
6,597
10,000
0
0%
4,865
5,000
5,000
4,793
5,000
0
0%
32,381
30,000
30,000
74,495
50,000
20,000
67%
7,249
15,000
15,000
5,251
15,000
0
0%
13,946
40,000
40,000
13,576
40,000
0
0%
6,575
8,500
8,500
3,776
8,500
0
0%
0
5,000
5,000
10,325
5,000
0
0%
2,396
6,000
6,000
2,207
10,000
4,000
67%
71,700 119,500 119,500 121,020 143,500 24,000 20%
66 - Utilities
201-7003-61101 Electricity - Utilities 9,546 9,000 9,000 9,103 I 9,000 0 0%
66 - Utilities Totals: 9,546 9,000 9,000 9,103 9,000 0 00/0
68 - Capital Expenses
201-7003-61701 Equipment Rental
6,514
5,000
5,000
0
5,000
0
0%
201-7003-72111 Road Improvements
0
0
750,000
188,098
0
(750,000)
-100%
201-7003-80100 Machinery & Equipment
0
150,000
450,000
0
200,000
(250,000)
-56%
68 - Capital Expenses Totals:
6,514
155,000
1,205,000
188,098
205,000
(1,000,000)
-83%
24
CITY OF LA QUINTA GAS TAX FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
69 - Internal Service Charges
201-7003-98110 Information Tech Charge
115,000
231,000
231,000
173,250
231,000
0
0%
201-7003-98140 Facility &Fleet Maintenar
561,900
504,900
504,900
378,675
504,900
0
0%
69 - Internal Service Charges Totals:
676,900
735,900
735,900
551,925
735,900
0
00/0
99 - Transfers Out
201-7003-99900 Transfers Out 248,723 917,400 2,626,461 936,783 I 1,428,000 (1,198,461) -46%
99 - Transfers Out Totals: 248,723 917,400 2,626,461 936,783 1,428,000 (1,198,461) -46%
7003 - Streets Totals: 1,556,838 2,802,400 5,561,461 2,400,904 3,409,100 (2,152,361) -39%
201 - GAS TAX FUND Totals: 1,556,838 2,802,400 5,561,461 2,400,904 3,409,100 (2,152,361) -39%
25
CITY OF LA QUINTA GAS TAX FUND EXPENSE NOTES FY 2024/25 PROPOSED BUDGET
Fund: 201 - GAS TAX FUND
201-7003-50101 Permanent Full Time
528,500.00
100% - Maintenance & Operations Superintendent
100% - Senior Maintenance & Operations Worker (2)
100% - Maintenance & Operations Worker (2)
201-7003-60103 Professional Services 3,300.00
Annual State report and audit requirement
201-7003-60141 Street Striping 20,000.00
Citywide street striping updates as needed
201-7003-60429 Traffic Control Signs 50,000.00
Replace street signs as needed and temporary signage for
special events
201-7003-60431 Materials/Supplies 40,000.00
Used to purchase supplies and materials for repairs and
maintenance projects that are generally completed by City staff
201-7003-99900 Transfers Out
1,428,000.00
CIP - Highway 111 Pavement Resurfacing
CIP - Washington St Sidewalk Calle Tampico -Ave 52
Amount
950,000
478,000
26
CITY OF LA QUINTA
LIGHTING & LANDSCAPING FUND EXPENSE DETAIL
FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
215 - LIGHTING & LANDSCAPING FUND
7004 - Lighting
& Landscaping
50 - Salaries and
Benefits
215-7004-50101
Permanent Full Time
162,634
225,415
225,415
161,733
231,500
6,085
3%
215-7004-50105
Salaries - Overtime
386
500
500
2,161
500
0
0%
215-7004-50106
Standby
9,868
10,000
10,000
10,882
10,000
0
0%
215-7004-50107
Standby Overtime
29,817
25,000
25,000
45,283
25,000
0
0%
215-7004-50150
Other Compensation
0
0
0
210
0
0
0%
215-7004-50200
PERS-City Portion
12,297
17,100
17,100
12,889
18,100
1,000
6%
215-7004-50215
Other Fringe Benefits
2,950
3,900
3,900
3,439
3,900
0
0%
215-7004-50221
Medical Insurance
46,713
83,500
83,500
54,057
83,500
0
0%
215-7004-50222
Vision Insurance
408
0
0
440
0
0
0%
215-7004-50223
Dental Insurance
1,974
0
0
2,213
0
0
0%
215-7004-50224
Life Insurance
186
0
0
171
0
0
0%
215-7004-50225
Long Term Disability
948
1,500
1,500
986
1,700
200
13%
215-7004-50230
Workers Comp Insurance
6,300
14,300
14,300
10,725
14,300
0
0%
215-7004-50240
Social Security -Medicare
3,179
3,300
3,300
3,463
3,300
0
0%
215-7004-50241
Social Security -FICA
0
0
0
1,141
0
0
0%
215-7004-50251
Temporary
0
0
0
18,394
0
0
0%
50 - Salaries and Benefits Totals:
277,660
384,515
384,515
328,188
391,800
7,285
2%
60 - Contract Services
215-7004-60102 Administration
15,093
15,500
15,500
14,800
15,500
0
0%
215-7004-60104 Consultants
72,767
80,000
80,000
71,373
80,000
0
0%
215-7004-60112 Landscape Contract
838,860
980,000
980,000
760,104
1,570,000
590,000
60%
215-7004-60143 SilverRock Way Landscar
65,823
65,000
65,000
48,344
82,000
17,000
26%
1,747,500
607,000
53%
60 - Contract Services Totals: 992,543 1,140,500 1,140,500 894,621
62 - Maintenance & Operations
215-7004-60320
Travel & Training
322
500
500
0
4,500
4,000
800%
215-7004-60420
Operating Supplies
6,813
15,000
15,000
3,899
15,000
0
0%
215-7004-60423
Supplies -Graffiti and Van
4,372
10,000
10,000
687
10,000
0
0%
215-7004-60427
Safety Gear
1,910
2,000
2,000
2,682
2,500
500
25%
215-7004-60431
Materials/Supplies
489,159
500,000
667,000
156,525
500,000
(167,000)
-25%
215-7004-60432
Tools/Equipment
3,431
3,000
3,000
1,435
3,000
0
0%
215-7004-60673
Tree Maintenance/Palm T
3,880
500,000
500,000
11,900
500,000
0
0%
215-7004-60690
Uniforms
1,433
1,500
1,500
2,369
3,500
2,000
133%
215-7004-60691
Maintenance/Services
279,719
150,000
150,000
332,672
300,000
150,000
100%
62 - Maintenance & Operations Totals:
791,040
1,182,000
1,349,000
512,169
1,338,500
(10,500)
-10/0
66 - Utilities
215-7004-61116
Electric - Utilities
85,823
80,000
80,000
84,396
80,000
0
0%
215-7004-61117
Electric - Medians - Utiliti
34,178
40,000
40,000
33,523
40,000
0
0%
215-7004-61211
Water - Medians - Utilitie
261,596
215,000
215,000
202,041
215,000
0
0%
66 - Utilities Totals:
381,596
335,000
335,000
319,960
335,000
0
00/0
27
CITY OF LA QUINTA
LIGHTING & LANDSCAPING FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
69 - Internal Service Charges
215-7004-98110 Information Tech Charge
69,000
86,600
86,600
64,950
86,600
0
0%
215-7004-98140 Facility &Fleet Maintenar
64,900
58,300
58,300
43,725
58,300
0
0%
69 - Internal Service Charges Totals:
133,900
144,900
144,900
108,675
144,900
0
00/0
7004 - Lighting & Landscaping Totals: 2,576,738 3,186,915 3,353,915 2,163,612 3,957,700 603,785 180/0
LIGHTING & LANDSCAPING FUND Totals: 2,576,738 3,186,915 3,353,915 2,163,612 3,957,700 603,785 180/0
28
CITY OF LA QUINTA LIGHTING & LANDSCAPING FUND EXPENSE NOTES FY 2024/25 PROPOSED BUDGET
Fund: 215 - LIGHTING & LANDSCAPING FUND
215-7004-50101 Permanent Full Time
231,500.00
50% - Maintenance & Operations Superintendent (50% Parks Maintenance)
50% - Maintenance & Operations Crew Leader (50% Parks Maintenance)
50% - Senior Maintenance & Operations Worker (50% Parks Maintenance)
50% - Maintenance & Operations Worker (3) (50% Parks Maintenance)
215-7004-60102
Administration 15,500.00
Annual required report for LLD
215-7004-60104
Consultants 80,000.00
Lighting contract
215-7004-60112
Landscape Contract 1,570,000.00
Citywide landscape contract
215-7004-60320
Travel & Training 4,500.00
Safety training
215-7004-60431
Materials/Supplies 500,000.00
Median landscape improvements and turf removal
$500,000 approved as part of the 5-year CIP Program
215-7004-60432
Tools/Equipment 3,000.00
Used for all tools and equipment (other than capital
expenditures) including small hand tools and/or power tools
such as drills, blowers, saws, etc.
29
CITY OF LA QUINTA
FY 2024/25 PROPOSED BUDGET
HOUSING AUTHORITY 2024/25 BUDGET SUMMARY
AVAILABLE FUND
FUND BALANCE
# FUND NAME July 1. 2024
ENDING FUND
ESTIMATED ESTIMATED BALANCE
REVENUES EXPENDITURES June 30. 2025
241 HOUSING AUTHORITY FUNLr q
11,
�11,236,5W
243* RDA LOW -MOD HOUSING FUND i�
249 SA2011 LOWIMOD BOND
3,_�761,1631
�
5%000'�
18,0D0AW
�4,011,163
268,000
GRAND TOTALS 15,500,000 1 2,231,1631 2,215,4401 15,515,723 1
* General Fund and RDA Law -Mod Housing Fund estimates are for unappropriated reserves and included annual Successor Agency
loan repayments as approved with the last and final recognized obligation payment schedule. The repayment for FY 2024i25 is
$701,163_
30
CITY OF LA QUINTA HOUSING AUTHORITY REVENUE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24 2023/24
2024/25
24/25 vs.
% Change in
Actuals
Original Budget
Current Budget YTD Activity*
Proposed
Current 23/24
Budget
241 - HOUSING AUTHORITY
9101 - Housing Authority - Admin
340 - Charges for Services
241-9101-42301 Miscellaneous Revenue
1
0
0 0 I
0
0
0%
340 - Charges for Services Totals:
1
0
0 0
0
0
00/0
360 - Use of Money & Property
241-9101-41900 Allocated Interest
248,848
150,000
150,000
(10,527)
200,000
50,000
33%
241-9101-41910 GASB 31 Interest
(54,726)
0
0
0
0
0
0%
241-9101-41915 Non -Allocated Interest
0
500
500
0
1,000
500
100%
241-9101-42706 Loan Repayments
190,528
0
0
0
0
0
0%
241-9101-43504 2nd Trust Deed RepayrrE
50,253
100,000
100,000
148,869
100,000
0
0%
241-9101-45000 Sale of Other Assets
0
0
0
118,416
0
0
0%
360 - Use of Money & Property Totals:
434,903
250,500
250,500
256,758
301,000
50,500
20%
101 - Housing Authority - Admin Totals: 434,904 250,500 250,500 256,758 301,000 50,500 20%
9103 - Housing Authority - LQRP
360 - Use of Money & Property
241-9103-43501 Miscellaneous Revenue/L 0 0 0 200,000 0 0 0%
241-9103-43502 Rent Revenue/LQRP 372,345 350,000 350,000 297,603 350,000 0 0%
360 - Use of Money & Property Totals: 372,345 350,000 350,000 497,603 350,000 0 00/0
9103 - Housing Authority - LQRP Totals: 372,345 350,000 350,000 497,603 350,000 0 00/0
9104 - Dune Palms Mobile Estates
360 - Use of Money & Property
241-9104-42112 Rent Revenue/Tenant/Du 786,712 800,000 800,000 607,317 800,000 0 0%
241-9104-42302 Miscellaneous Revenue/C 0 1,000 1,000 0 1,000 0 0%
360 - Use of Money & Property Totals: 786,712 801,000 801,000 607,317 801,000 0 00/0
104 - Dune Palms Mobile Estates Totals: 786,712 801,000 801,000 607,317 801,000 0 00/0
241 - HOUSING AUTHORITY Totals: 1,593,961 1,401,500 1,401,500 1,361,678 1,452,000 50,500 4%
243 - RDA LOW -MOD HOUSING FUND
0000 - Undesignated
360 - Use of Money & Property
243-0000-41900 Allocated Interest 69,979 30,000 30,000 (3,375) 60,000 30,000 100%
243-0000-41910 GASB 31 Interest (28,370) 0 0 0 0 0 0%
360 - Use of Money & Property Totals: 41,610 30,000 30,000 (3,375) 60,000 30,000 1000/0
370 - Miscellaneous
243-0000-48500 Extraordinary Gain 95,298 0 0 0 I 0 0 0%
370 - Miscellaneous Totals: 95,298 0 0 0 0 0 00/0
0000 - Undesignated Totals: 136,908 30,000 30,000 (3,375) 60,000 30,000 1000/0
243 - RDA LOW -MOD HOUSING FUND Totals: 136,908 30,000 31 30,000 (3,375) 60,000 30,000 1000/0
CITY OF LA QUINTA HOUSING AUTHORITY REVENUE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23 2023/24 2023/24 2023/24 2024/25 24/25 vs. % Change in
249 - SA 2011 LOW/MOD BOND FUND (Re
0000 - Undesignated
340 - Charges for Services
249-0000-42301 Miscellaneous Revenue 1,106 0 0 0 I 0 0 0%
340 - Charges for Services Totals: 1,106 0 0 0 0 0 00/0
360 - Use of Money & Property
249-0000-41900 Allocated Interest
16,611
6,000
6,000
(697)
3,000
(3,000)
-50%
249-0000-41910 GASB 31 Interest
(5,220)
0
0
0
0
0
0%
249-0000-41915 Non -Allocated Interest
47,267
30,000
30,000
62,071
15,000
(15,000)
-50%
360 - Use of Money & Property Totals:
58,658
36,000
36,000
61,375
18,000
(18,000)
-50%
390 - Other Financing Sources
249-0000-49500 Transfers In 0 0 1,387,009 1,387,009 I 0 (1,387,009) -100%
390 - Other Financing Sources Totals: 0 0 1,387,009 1,387,009 0 (1,387,009) -1000/0
0000 - Undesignated Totals: 59,764 36,000 1,423,009 1,448,384 18,000 (1,405,009) -990/0
249 SA BOND FUND (Refinanced in 2016) Totals: 59,764 36,000 1,423,009 1,448,384 18,000 (1,405,009) -990/0
The Housing Authority budget invests in programs and projects that preserve and increase the supply of affordable housing in the City.
241 Housing Authority Fund: Second Trust Deed Payments and Home Sale Proceeds vary from year-to-year. Additional repayment of silent second
trust deeds are recognized upon receipt.
241-9101-45000, Sale of Other Assets revenues in FY 2023/2024 reflects the purchase and sale agreement between the City of La Quinta and the
La Quinta Housing Authority for vacant parcels to be used for future low/moderate affordable housing.
243 RDA Low -Mod Housing Fund: The 2024/25 former Redevelopment Agency loan repayment of $701,163 will be recognized in reserves within this
Fund.
249 Successor Agency (SA) 2011 Low/Mod Bond Fund was used for the acquisition of the vacant property located west of the Home Depot Center on
Highway 111, on the northeast corner of Highway 111 and Dune Palms Road proposed to be developed as an affordable housing development with a
connecting thoroughfare to CV Link in FY 2023/24. Remaining bond funds continue to earn interest and are available for future housing projects.
32
CITY OF LA QUINTA
HOUSING AUTHORITY EXPENSE DETAILS
FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
241 - HOUSING AUTHORITY
9101 - Housing Authority - Admin
50 - Salaries and Benefits
241-9101-50101 Permanent Full Time
282,118
312,700
312,700
275,803
322,000
9,300
3%
241-9101-50105 Salaries - Overtime
0
0
0
58
0
0
0%
241-9101-50110 Commissions & Boards
700
1,800
1,800
350
1,800
0
0%
241-9101-50150 Other Compensation
96
200
200
126
200
0
0%
241-9101-50200 PERS-City Portion
22,352
29,600
29,600
23,959
31,200
1,600
5%
241-9101-50215 Other Fringe Benefits
6,730
3,640
3,640
8,530
3,640
0
0%
241-9101-50221 Medical Insurance
49,290
67,000
67,000
46,815
70,000
3,000
4%
241-9101-50222 Vision Insurance
402
0
0
400
0
0
0%
241-9101-50223 Dental Insurance
2,612
0
0
2,438
0
0
0%
241-9101-50224 Life Insurance
182
0
0
154
0
0
0%
241-9101-50225 Long Term Disability
1,634
2,000
2,000
1,571
2,000
0
0%
241-9101-50230 Workers Comp Insurance
5,900
13,400
13,400
10,050
13,400
0
0%
241-9101-50240 Social Security -Medicare
4,130
4,600
4,600
4,005
4,800
200
4%
241-9101-50241 Social Security -FICA
87
0
0
28
0
0
0%
50 - Salaries and Benefits Totals:
376,234
434,940
434,940
374,286
449,040
14,100
3%
60 - Contract Services
241-9101-60103 Professional Services
68,352
75,000
75,000
64,978
75,000
0
0%
241-9101-60106 Auditors
3,780
5,000
5,000
0
5,000
0
0%
241-9101-60153 Attorney
15,568
20,000
20,000
24,944
25,000
5,000
25%
241-9101-60157 Rental Expenes
0
0
0
200,000
0
0
0%
60 - Contract Services Totals:
87,700
100,000
100,000
289,922
105,000
5,000
50/0
62 - Maintenance & Operations
241-9101-60320 Travel & Training
241-9101-60420 Operating Supplies
62 - Maintenance & Operations Totals
69 - Internal Service Charges
241-9101-91843 Property & Crime Insurar
241-9101-91844 Earthquake Insurance
241-9101-98110 Information Tech Charge
69 - Internal Service Charges Totals:
293 1,000 1,000 467 1,000 0 0%
119 2,000 2,000 734 2,000 0 0%
412 3,000 3,000 1,201 3,000 0 00/0
8,100 9,300 9,300 6,975 9,300 0 0%
16,100 18,200 18,200 13,650 18,200 0 0%
64,400 80,900 80,900 60,675 80,900 0 0%
88,600 108,400 108,400 81,300 108,400 0 00/0
101 - Housing Authority - Admin Totals: 552,947 646,340 646,340 746,710 665,440 19,100 3%
9103 - Housing Authority - LQRP
62 - Maintenance & Operations
241-9103-60157 Rental Expenses 760,748 300,000 300,000 325,464 I 350,000 50,000 17%
62 - Maintenance & Operations Totals: 760,748 300,000 300,000 325,464 350,000 50,000 17%
9103 - Housing Authority - LQRP Totals: 760,748 300,000 300,000 325,464 350,000 50,000 17%
33
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSE DETAILS FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
9104 - Dune Palms Mobile Estates
60 - Contract Services
241-9104-60103 Professional Services
118,328
100,000
100,000
84,227
100,000
0
0%
241-9104-60157 Rental Expense
383,008
350,000
350,000
339,223
400,000
50,000
14%
60 - Contract Services Totals:
501,337
450,000
450,000
423,450
500,000
50,000
110/0
68 - Capital Expenses
241-9104-72110 Building/Site Improveme 90,409 200,000 600,000 1,018 I 200,000 (400,000) -67%
68 - Capital Expenses Totals: 90,409 200,000 600,000 1,018 200,000 (400,000) -67%
104 - Dune Palms Mobile Estates Totals: 591,746 650,000 1,050,000 424,468 700,000 (350,000) -33%
241 - HOUSING AUTHORITY Totals: 1,905,441 1,596,340 1,996,340 1,496,641 1,715,440 (280,900) -14%
241 Housing Authority Fund: These funds are used to account for the housing activities of the Housing Authority which are to promote and provide quality
affordable housing.
34
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSE NOTES
FY 2024/25 PROPOSED BUDGET
Fund: 241 - HOUSING AUTHORITY
241-9101-50101 Permanent Full Time 322,000.00
20% - City Manager (80% City Manager)
10% - Finance Director (90% Finance)
10% - City Clerk (90% City Clerk)
40% - Director- Business Unit & Housing Development (60%
City Manager)
60% - Management Analyst (40% Information Technology
Fund)
60% - Management Specialist (40% City Manager)
80% - Management Assistant (20% City Manager)
Housing Authority Member Stipends (5)
241-9101-60103 Professional Services 75,000.00
Housing compliance services
241-9101-60320 Travel & Training 1,000.00
For housing related training and staff development
241-9103-60157 Rental Expenses 350,000.00
Expenses associated with 28 homes owned by the Authority
which are located in the La Quinta Cove
241-9104-60103 Professional Services 100,000.00
For residential property management services at Dune Palms
Mobile Estates
241-9104-60157 Rental Expense 400,000.00
Expenses associated with 102 units owned by the Authority
which are located in North La Quinta
35
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSE DETAILS FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24 2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity* Proposed Budget
Current 23/24
in Budget
243 - RDA LOW -MOD HOUSING FUND
0000 - Undesignated
64 - Other Expenses
243-0000-60532 Homelessness Assistance
255,000
250,000
300,000
0 I 250,000
(50,000)
-17%
64 - Other Expenses Totals:
255,000
250,000
300,000
0 250,000
(50,000)
-17%
0000 - Undesignated Totals: 255,000 250,000 300,000 0 250,000 (50,000) -17%
243 - RDA LOW -MOD HOUSING FUND Totals: 255,000 250,000 300,000 0 250,000 (50,000) -17%
243 RDA Low -Mod Housing Fund: The 2024/25 former Redevelopment Agency loan repayment of $701,163 will be recognized in reserves within this Fund.
These funds are used to account for the housing activities of the Housing Authority which are to promote and provide quality affordable housing.
36
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSE DETAILS FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
249 - SA 2011 LOW/MOD BOND FUND (Re
0000 - Undesignated
68 - Capital Expenses
249-0000-74010 Land Acquisition
50,000
0
3,574,192
3,582,426
0
(3,574,192)
-100%
249-0000-80050 Affordable Housing Proje
15,245
250,000
250,000
0
250,000
0
0%
68 - Capital Expenses Totals:
65,245
250,000
3,824,192
3,582,426
250,000
(3,574,192)
-93%
0000 - Undesignated Totals: 65,245 250,000 3,824,192 3,582,426 250,000 (3,574,192) -93%
249 BOND FUND (Refinanced in 2016) Totals: 65,245 250,000 3,824,192 3,582,426 250,000 (3,574,192) -93%
249 Successor Agency Bond Fund: These funds are restricted per individual bond covenants and were used for the acquisition of the vacant property located
west of the Home Depot Center on Highway 111, on the northeast corner of Highway 111 and Dune Palms Road. This property is proposed to be developed as
an affordable housing development with a connecting thoroughfare to CV Link. Remaining funds are available for future housing projects. For FY 2024/25,
budget will be used for investment in design and development of projects.
37
CITY OF LA QUINTA FINANCE AUTHORITY EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24 2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity* Proposed Budget
Current 23/24
in Budget
310 - LQ FINANCE AUTHORITY DEBT SERI
0000 - Undesignated
60 - Contract Services
310-0000-60181 Contract Services Fees
907
1,100
1,100
0 I 1,500
400
36%
60 - Contract Services Totals:
907
11100
1.100
0 11500
400
36%
0000 - Undesignated Totals: 907 1,100 1,100 0 1,500 400 36%
NANCE AUTHORITY DEBT SERVICE Totals: 907 1,100 1,100 0 1,500 400 36%
Contract Services fee: Annual State Controller's report and audit requirement
38
CITY OF LA QUINTA
SILVERROCK RESORT FUND EXPENSE DETAILS
FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
601 - SILVERROCK
RESORT
0000 - Undesignated
60 - Contract Services
601-0000-60159
Relocation
159,542
0
0
0
0
0
0%
601-0000-60200
Cart Barn/Range
560,711
542,758
542,758
502,523
600,000
57,242
11%
601-0000-60201
Golf Shop
422,114
396,922
396,922
389,023
420,000
23,078
6%
601-0000-60203
Maintenance
2,289,877
2,288,032
2,288,032
2,157,982
2,410,000
121,968
5%
601-0000-60205
General & Administrative
465,573
472,307
472,307
436,705
520,000
47,693
10%
601-0000-60206
Marketing
164,108
170,814
170,814
116,120
171,000
186
0%
601-0000-60207
Temporary Club House
162,999
185,512
185,512
145,940
168,000
(17,512)
-9%
601-0000-60208
Management Fee
133,874
130,704
130,704
108,402
137,000
6,296
5%
601-0000-60209
Insurance
149,962
107,000
107,000
99,395
55,000
(52,000)
-49%
601-0000-60210
Property Tax
9,070
23,600
23,600
5,455
15,000
(8,600)
-36%
601-0000-60211
Rental Payment
244,074
425,344
355,344
317,324
421,000
65,656
18%
601-0000-60213
Interest Payment
11,288
0
0
0
0
0
0%
601-0000-60217
Food & Beverage
0
0
0
122,285
50,000
50,000
0%
60 - Contract Services Totals:
4,773,191
4,742,993
4,672,993
4,401,156
4,967,000
294,007
6%
62 - Maintenance & Operations
601-0000-60214 Equipment Repairs
601-0000-60455 Bank Fees
601-0000-60660 Repair & Maintenance
62 - Maintenance & Operations Totals
0 10,000 10,000 0
157,490 150,000 150,000 127,532
83,432 50,000 50,000 41,437
10,000 0 0%
150,000 0 0%
150,000 100,000 200%
240,922 210,000 210,000 168,969 310,000 100,000 48%
68 - Capital Expenses
601-0000-71030 Vehicles
0
0
935,249
959,295
0
(935,249)
-100%
601-0000-71122 Depreciation Expense - C
219,402
0
0
0
0
0
0%
601-0000-72011 Depreciation Expense
280,153
0
0
0
0
0
0%
601-0000-80100 Machinery & Equipment
6,676
0
0
80,162
0
0
0%
68 - Capital Expenses Totals:
506,231
0
935,249
1,039,457
0
(935,249)
-1000/0
99 - Transfers Out
601-0000-99900 Transfers Out 75,000 82,000 82,000 82,000 I 88,000 6,000 7%
99 - Transfers Out Totals: 75,000 82,000 82,000 82,000 88,000 6,000 7%
0000 - Undesignated Totals: 5,595,345 5,034,993 5,900,242 5,691,582 5,365,000 (535,242) -90/0
601 - SILVERROCK RESORT Totals: 5,595,345 5,034,993 5,900,242 5,691,582 5,365,000 (535,242) -90/0
39
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
203 - PUBLIC SAFETY FUND (MEASURE G)
0000 - Undesignated
99 - Transfers Out
203-0000-99900 Transfers Out
49,296
0
41,687
11,625 I
0
(41,687)
-100%
99 - Transfers Out Totals:
49.296
0
41.687
11.625
0
(41.6871
-1000/0
0000 - Undesignated Totals: 49,296 0 41,687 11,625 0 (41,687) -1000/0
UBLIC SAFETY FUND (MEASURE G) Totals: 49,296 0 41,687 11,625 0 (41,687) -1000/0
40
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
210 - FEDERAL ASSISTANCE FUND
0000 - Undesignated
60 - Contract Services
210-0000-60135 CDBG Public Service Grai
3,315
20,000
20,000
16,419 I
23,500
3,500
18%
60 - Contract Services Totals:
3.315
20.000
20.000
16.419
23.500
3.500
18%
99 - Transfers Out
210-0000-99900 Transfers Out 178,259 136,300 355,559 180,349 I 175,000 (180,559) -51%
99 - Transfers Out Totals: 178,259 136,300 355,559 180,349 175,000 (180,559) -51%
0000 - Undesignated Totals: 181,574 156,300 375,559 196,768 198,500 (177,059) -47%
210 - FEDERAL ASSISTANCE FUND Totals: 181,574 156,300 375,559 196,768 198,500 (177,059) -47%
41
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
212 - SLESA (COPS) FUND
0000 - Undesignated
60 - Contract Services
212-0000-60178 COPS Robbery Preventioi
30,024
10,000
10,000
19,784
10,000
0
0%
212-0000-60179 COPS Burglary/Theft Prey
35,535
90,000
90,000
34,876
90,000
0
0%
60 - Contract Services Totals:
65,558
100,000
100,000
54,660
100,000
0
0%
0000 - Undesignated Totals: 65,558 100,000 100,000 54,660 100,000 0 0%
212 - SLESA (COPS) FUND Totals: 65,558 100,000 100,000 54,660 100,000 0 0%
42
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24 2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity* Proposed Budget
Current 23/24
in Budget
220 - QUIMBY FUND
0000 - Undesignated
99 - Transfers Out
220-0000-99900 Transfers Out
21,791
0
445,176
0 I 0
(445,176)
-100%
99 - Transfers Out Totals:
21.791
0
445,176
0 0
(445,176)
-1000/0
0000 - Undesignated Totals: 21,791 0 445,176 0 0 (445,176) -1000/0
220 - QUIMBY FUND Totals: 21,791 0 445,176 0 0 (445,176) -1000/0
43
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
221 - AB 939 - CALRECYCLE FUND
0000 - Undesignated
60 - Contract Services
221-0000-60127 AB 939 Recycling Solutio
142,965
150,000
150,000
132,748 I
200,000
50,000
33%
60 - Contract Services Totals:
142,965
150,000
150,000
132,748
200,000
50,000
33%
68 - Capital Expenses
221-0000-71031 Vehicles, Purchased 37,580 0 0 0 I 0 0 0%
68 - Capital Expenses Totals: 37,580 0 0 0 0 0 0%
0000 - Undesignated Totals: 180,545 150,000 150,000 132,748 200,000 50,000 33%
221 - AB 939 - CALRECYCLE FUND Totals: 180,545 150,000 150,000 132,748 200,000 50,000 33%
44
CITY OF LA QUINTA
SPECIAL FUND EXPENSE DETAIL
FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
223 - MEASURE A FUND
0000 - Undesignated
64 - Other Expenses
223-0000-60510 Signal Knockdowns, Cont
33,703
0
0
7,806 I
0
0
0%
64 - Other Expenses Totals:
33,703
0
0
7,806
0
0
00/0
99 - Transfers Out
223-0000-99900 Transfers Out 2,694,735 1,865,000 4,810,319 2,665,364 I 2,335,000 (2,475,319) -51%
99 - Transfers Out Totals: 2,694,735 1,865,000 4,810,319 2,665,364 2,335,000 (2,475,319) -510/0
0000 - Undesignated Totals: 2,728,438 1,865,000 4,810,319 2,673,169 2,335,000 (2,475,319) -510/0
223 - MEASURE A FUND Totals: 2,728,438 1,865,000 4,810,319 2,673,169 2,335,000 (2,475,319) -510/0
45
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
226 - EMERGENCY MANAGEMENT PERFOR
0000 - Undesignated
62 - Maintenance & Operations
226-0000-60432 Tools/Equipment
25,055
12,000
12,000
9,950 I
12,000
0
0%
62 - Maintenance & Operations Totals:
25,055
12,000
12,000
9,950
12,000
0
00/0
0000 - Undesignated Totals: 25,055 12,000 12,000 9,950 12,000 0 00/0
NT PERFORMANCE GRANT (EMPG) Totals: 25,055 12,000 12,000 9,950 12,000 0 00/0
46
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24 2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity* Proposed Budget
Current 23/24
in Budget
227 - STATE HOMELAND SECURITY PROGI
0000 - Undesignated
60 - Contract Services
227-0000-60320 Travel & Training
4,312
5,000
5,000
0 I 5,000
0
0%
60 - Contract Services Totals:
4.312
5.000
5.000
0 51000
0
00/0
0000 - Undesignated Totals: 4,312 5,000 5,000 0 5,000 0 00/0
%ND SECURITY PROGRAMS (SHSP) Totals: 4,312 5,000 5,000 0 5,000 0 00/0
47
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24 2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity* Proposed Budget
Current 23/24
in Budget
230 - CASp FUND, AB 1379
0000 - Undesignated
60 - Contract Services
230-0000-60320 Travel & Training
0
2,500
2,500
0 I 2,500
0
0%
60 - Contract Services Totals:
0
2,500
2,500
0 2,500
0
0%
64 - Other Expenses
230-0000-60480 Contributions to State Ag 1,923 2,000 2,000 0 I 2,000 0 0%
64 - Other Expenses Totals: 1,923 2,000 2,000 0 2,000 0 0%
68 - Capital Expenses
230-0000-90020 Service & Supply 0 1,000 1,000 0 I 1,000 0 0%
68 - Capital Expenses Totals: 0 1,000 1,000 0 1,000 0 0%
0000 - Undesignated Totals: 1,923 5,500 5,500 0 5,500 0 0%
230 - CASp FUND, AB 1379 Totals: 1,923 5,500 5,500 0 5,500 0 0%
48
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
235 - SO COAST AIR QUALITY FUND
0000 - Undesignated
60 - Contract Services
235-0000-60186 CVAG
37,483
39,000
39,000
18,839 I
40,000
1,000
3%
60 - Contract Services Totals:
37,483
39,000
39,000
18,839
40,000
1,000
3%
66 - Utilities
235-0000-61101 Electricity - Utilities 15,344 15,000 15,000 24,889 I 0 (15,000) -100%
66 - Utilities Totals: 15.344 15.000 15.000 24.889 0 (15.0001 -100%
0000 - Undesignated Totals: 52,827 54,000 54,000 43,728 40,000 (14,000) -26%
35 - SO COAST AIR QUALITY FUND Totals: 52,827 54,000 54,000 43,728 40,000 (14,000) -26%
49
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
247 - ECONOMIC DEVELOPMENT FUND
0000 - Undesignated
60 - Contract Services
247-0000-60320 Travel & Training
999
6,500
6,500
3,809
6,500
0
0%
247-0000-60351 Membership Dues
2,000
5,000
5,000
1,850
5,000
0
0%
60 - Contract Services Totals:
2,999
11,500
11,500
5,659
11,500
0
00/0
64 - Other Expenses
247-0000-60461 Marketing & Tourism Proi
64 - Other Expenses Totals:
0 20,000 20,000 16,632 20,000 0 0%
0 20,000 20,000 16,632 20,000 0 00/0
0000 - Undesignated Totals: 2,999 31,500 31,500 22,291 31,500 0 00/0
- ECONOMIC DEVELOPMENT FUND Totals: 2,999 31,500 31,500 22,291 31,500 0 00/0
50
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
250 - TRANSPORTATION DIF FUND
0000 - Undesignated
68 - Capital Expenses
250-0000-80105 Developer Reimbursemer
400,000
400,000
400,000
400,000 I
400,000
0
0%
68 - Capital Expenses Totals:
400,000
400,000
400,000
400,000
400,000
0
00/0
99 - Transfers Out
250-0000-99900 Transfers Out 395,857 150,000 1,269,775 9,936 I 1,179,109 (90,666) -7%
99 - Transfers Out Totals: 395,857 150,000 1,269,775 9,936 1,179,109 (90,666) -70/b
0000 - Undesignated Totals: 795,857 550,000 1,669,775 409,936 1,579,109 (90,666) -50/b
150 - TRANSPORTATION DIF FUND Totals: 795,857 550,000 1,669,775 409,936 1,579,109 (90,666) -50/0
51
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
251 - PARKS & REC DIF FUND
0000 - Undesignated
99 - Transfers Out
251-0000-99900 Transfers Out
28,715
650,000
1,121,285
34,178 I
0
(1,121,285)
-100%
99 - Transfers Out Totals:
28,715
650,000
1,121,285
34,178
0
(1,121,285)
-100%
0000 - Undesignated Totals: 28,715 650,000 1,121,285 34,178 0 (1,121,285) -100%
251 - PARKS & REC DIF FUND Totals: 28,715 650,000 1,121,285 34,178 0 (1,121,285) -100%
52
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24 2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity* Proposed Budget
Current 23/24
in Budget
252 - CIVIC CENTER DIF FUND
0000 - Undesignated
99 - Transfers Out
252-0000-99900 Transfers Out
75
0
249,925
0 I 0
(249,925)
-100%
99 - Transfers Out Totals:
75
0
249,925
0 0
f249,9251
-100%
0000 - Undesignated Totals: 75 0 249,925 0 0 (249,925) -100%
252 - CIVIC CENTER DIF FUND Totals: 75 0 249,925 0 0 (249,925) -100%
53
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24 2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity* Proposed Budget
Current 23/24
in Budget
253 - LIBRARY DEVELOPMENT DIF
0000 - Undesignated
68 - Capital Expenses
253-0000-83500 Advance Interest Expens
25,504
15,000
15,000
0 I 15,000
0
0%
68 - Capital Expenses Totals:
25,504
15,000
15,000
0 15,000
0
00/0
0000 - Undesignated Totals: 25,504 15,000 15,000 0 15,000 0 00/0
253 - LIBRARY DEVELOPMENT DIF Totals: 25,504 15,000 15,000 0 15,000 0 00/0
54
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24 2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity* Proposed Budget
Current 23/24
in Budget
254 - COMMUNITY & CULTURAL CENTERS
0000 - Undesignated
99 - Transfers Out
254-0000-99900 Transfers Out
0
0
125,000
0 I 500,000
375,000
300%
99 - Transfers Out Totals:
0
0
125,000
0 500,000
375,000
300%
0000 - Undesignated Totals: 0 0 125,000 0 500,000 375,000 300%
1UNITY & CULTURAL CENTERS DIF Totals: 0 0 125,000 0 500,000 375,000 300%
55
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24 2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity* Proposed Budget
Current 23/24
in Budget
259 - MAINTENANCE FACILITIES DIF FUN
0000 - Undesignated
99 - Transfers Out
259-0000-99900 Transfers Out
0
180,000
180,000
0 I 100,000
(80,000)
-44%
99 - Transfers Out Totals:
0
180,000
180,000
0 100,000
(80,000)
-44%
0000 - Undesignated Totals: 0 180,000 180,000 0 100,000 (80,000) -44%
NTENANCE FACILITIES DIF FUND Totals: 0 180,000 180,000 0 100,000 (80,000) -44%
56
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
270 - ART IN PUBLIC PLACES FUND
0000 - Undesignated
64 - Other Expenses
270-0000-60482 Operating Supplies
1,072
8,000
8,000
4,947 I
8,000
0
0%
64 - Other Expenses Totals:
1,072
8,000
8,000
4,947
8,000
0
0%
65 - Repair & Maintenance
270-0000-60683 APP Maintenance 58,553 75,000 75,000 56,886 I 75,000 0 0%
65 - Repair & Maintenance Totals: 58,553 75,000 75,000 56,886 75,000 0 00/0
68 - Capital Expenses
270-0000-74800 Art Purchases 48,347 150,000 150,000 56,299 I 150,000 0 0%
68 - Capital Expenses Totals: 48,347 150,000 150,000 56,299 150,000 0 00/0
99 - Transfers Out
270-0000-99900 Transfers Out 75 0 509,711 700 I 0 (509,711) -100%
99 - Transfers Out Totals: 75 0 509,711 700 0 (509,7111 -1000/0
0000 - Undesignated Totals: 108,047 233,000 742,711 118,831 233,000 (509,711) -69%
70 - ART IN PUBLIC PLACES FUND Totals: 108,047 233,000 742,711 118,831 233,000 (509,711) -69%
57
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
760 - SUPPLEMENTAL PENSION PLAN
0000 - Undesignated
50 - Salaries and Benefits
760-0000-50199 Annual PARS Contribution
12,833
12,850
12,850
12,833 I
12,850
0
0%
50 - Salaries and Benefits Totals:
12,833
12,850
12,850
12,833
12,850
0
00/0
0000 - Undesignated Totals: 12,833 12,850 12,850 12,833 12,850 0 00/0
) - SUPPLEMENTAL PENSION PLAN Totals: 12,833 12,850 12,850 12,833 12,850 0 00/0
58
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
761 - CERBT OPEB TRUST
0000 - Undesignated
60 - Contract Services
761-0000-60102 Administration
1,528
1,800
1,800
1,194 I
1,500
(300)
-17%
60 - Contract Services Totals:
1,528
1,800
1,800
1,194
1,500
(3001
-17%
0000 - Undesignated Totals: 1,528 1,800 1,800 1,194 1,500 (300) -17%
761 - CERBT OPEB TRUST Totals: 1,528 1,800 1,800 1,194 1,500 (300) -17%
59
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
762 - PARS PENSION TRUST
0000 - Undesignated
60 - Contract Services
762-0000-60102 Administration
48,204
30,000
30,000
26,059 I
30,000
0
0%
60 - Contract Services Totals:
48,204
30,000
30,000
26,059
30,000
0
00/0
99 - Transfers Out
762-0000-99900 Transfers Out 5,000,000 0 0 0 I 0 0 0%
99 - Transfers Out Totals: 5.000.000 0 0 0 0 0 00/0
0000 - Undesignated Totals: 5,048,204 30,000 30,000 26,059 30,000 0 00/0
762 - PARS PENSION TRUST Totals: 5,048,204 30,000 30,000 26,059 30,000 0 00/0
60
CITY OF LA QUINTA SPECIAL FUND EXPENSE NOTES FY 2024/25 PROPOSED BUDGET
EXPENSE NOTES BY FUND NUMBER —
201 Gas Tax Fund Transfers Out for CIP — Highway 111 Corridor Area Plan Implementation -
Pavement Resurfacing of $950,000 and Washington Street Sidewalk Improvements from Calle
Tampico to Avenue 52 of $478,000.
203 Public Safety Fund There are no transfers out for CIP proposed for FY 2024/25.
210 Federal Assistance Fund Transfers Out for CIP — City Hall miscellaneous interior ADA
improvements. This is a continuation of implementing ADA improvements at City parks,
buildings, intersection curb ramps and sidewalks based upon the City's ADA Transition Plan
Report. Expenses include the Boys and Girls Club Fee Waiver Reduction Program (CDBG) in
the amount of $23,500.
212 Federal Assistance Fund There are no changes for expenditures from FY 2023/24,
expenses include COPS robbery and burglary/theft prevention.
220 Quimby Fund does not have Capital Improvement project funding allocated in FY 2024/25
221 AB 939 CalRecycle Fund is used for recycling solutions at schools & City parks.
223 Measure A Fund Transfers Out for CIP — Citywide traffic signal maintenance
improvements of $235,000; Dune Palms Pavement Rehabilitation from Miles Avenue to Fred
Waring Drive of $200,000; Avenue 50 Sidewalk Improvements from Washington Street to
Avenida Montero of $400,000; Cove Area Slurry Seal Improvements- Phase 1 of $1,000,000;
and SilverRock Way Slurry Seal Improvements of $500,000.
225 Infrastructure Fund is a Development Impact Fee Fund used for capital improvements. No
additional projects are anticipated in FY 2024/25.
226 Emergency Management Performance Grant (EMPG) Fund expenses are for
emergency operations center (EOC).
227 State Homeland Security Programs (SHSP) Fund expenses are for Community
Emergency Response Team (CERT) training.
230 CASp, AB 1379 Fund expenses are for training for Americans with Disability guidelines
and a pass -through payment of 10% to the State Architect Office based a $4 per business
license tax.
235 South Coast Air Quality Fund expenses are for an agreement between CVAG and
member jurisdictions which contribute 75% of AB2766 South Coast Air Quality Management
District (AQMD) revenues.
247 Economic Development Fund There are no transfers out for CIP proposed for FY
2024/25. Expenses are for general economic development activities.
250 Transportation DIF Fund Transfers Out are for CIP — Avenue 50 Widening Improvements
from Jefferson Street to Madison Street of $579,109 and Avenue 52 at Jefferson Street
Roundabout Improvements of $600,000.
61
CITY OF LA QUINTA SPECIAL FUND EXPENSE NOTES FY 2024/25 PROPOSED BUDGET
251 Parks & Rec DIF Fund is a Development Impact Fee Fund used for capital improvements.
No additional projects are anticipated in FY 2024/25.
252 Civic Center DIF Fund is a Development Impact Fee Fund used for capital improvements.
No additional projects are anticipated in FY 2024/25.
253 Library Development DIF Fund Advance Interest Expense is for outstanding Successor
Agency loan repayment.
254 Community & Cultural Centers DIF Fund Transfers Out are for CIP — Cultural Campus of
$500,000.
255, 256, and 257, and 259 Development Impact Fee Funds are used for capital
improvements. For Fund 259, Transfers Out are for CIP — Maintenance and Operations Yard for
$100,000 which will be used to complete the preliminary engineering and design phase for the
Maintenance and Operations Yard improvement.
270 Art in Public Places Fund (APP) covers the maintenance contract, updated inventory of
all art in public places, internal city inspections and engineering services for new art
installations.
405 SA PA 1 Capital Improvement Fund Bond proceeds designated for SilverRock Way
improvements.
760 Supplemental Pension Plan Fund Annual PARS Trust Contribution is for one plan
member as established in 2012.
761 CERBT Other Post Employment Benefit (OPEB) Trust Fund— The City participates in the
California Employers' Retiree Benefit Trust (CERBT) for the purpose of accumulating funding for
OPEB obligations. The CERBT is a Section 115 Trust and is an agent multiple employer plan for
those electing to prefund OPEB obligations. Expenses in this fund can come from losses on the
portfolio and fees paid to administer the portfolio.
762 PARS Pension Trust Fund — In 2019, the City established a Section 115 Trust Agreement
with U.S. Bank National Association and Public Agency Retirement Services (PARS), Trust
Administrator. The Section 115 Trust was established as a means to set aside monies to fund the
City's pension and OPEB obligations. Contributions to the Section 115 Trust are irrevocable, the
assets are dedicated to providing benefits to plan members, and the assets are protected from
creditors of the City. The purpose of the Trust is to address the City's pension obligations by
accumulating assets to reduce the net pension liability. Expenses in this fund can come from
losses on the portfolio and fees paid to administer the portfolio.
62
CITY OF LA QUINTA
CAPITAL IMPROVEMENT PROGRAM EXPENSE DETAIL
FY 2024/25 PROPOSED BUDGET
2022/23
2023/24
2023/24
2023/24
2024/25
24/25 vs.
0/b Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 23/24
in Budget
401 - CAPITAL IMPROVEMENT PROGRAMS
0000 - Undesignated
60 - Contract Services
401-0000-60103 Professional Services
412,715
587,678
3,465,898
300,348
1,415,047
(2,050,851)
-59%
401-0000-60108 Technical
118,420
1,054,888
6,711,342
127,981
1,591,927
(5,119,415)
-76%
401-0000-60185 Design
554,204
1,099,694
4,892,856
839,280
1,709,848
(3,183,008)
-65%
401-0000-60188 Construction
11,677,960
13,962,310
60,967,756
16,169,818
21,943,876
(39,023,880)
-64%
60 - Contract Services Totals:
12,763,299
16,704,570
76,037,852
17,437,426
26,660,698
(49,377,154)
-65%
62 - Maintenance & Operations
401-0000-60510 Contingency
0
1,246,130
6,547,336
0 I
2,358,411
(4,188,925)
-64%
62 - Maintenance & Operations Totals:
0
1,246,130
6,547,336
0
2,358,411
(4,188,925)
-64%
64 - Other Expenses
401-0000-60480 Contributions to Other Ac
631,170
0
724,006
583,101 I
0
(724,006)
-100%
64 - Other Expenses Totals:
631,170
0
724,006
583,101
0
(724,006)
-1000/0
68 - Capital Expenses
401-0000-74010 Land Acquisition
33,757
0
2,557,678
0 I
0
(2,557,678)
-100%
68 - Capital Expenses Totals:
33,757
0
2,557,678
0
0
(2,557,678)
-1000/0
99 - Transfers Out
401-0000-99900 Transfers Out
0
0
0
(700) 1
0
0
0%
99 - Transfers Out Totals:
0
0
0
(700)
0
0
00/0
0000 - Undesignated Totals: 13,428,225 17,950,700 85,866,873 18,019,827 29,019,109 (56,847,764) -66%
WITAL IMPROVEMENT PROGRAMS Totals: 13,428,225 17,950,700 85,866,873 18,019,827 29,019,109 (56,847,764) -66%
63
CITY OF LA QUINTA CAPITAL IMPROVEMENT PROGRAM EXPENSE NOTES
FY 2024/25 PROPOSED BUDGET
Fund: 401 - CAPITAL IMPROVEMENT PROGRAMS
401-0000-49500 Transfers In 23,019,109.00
CDBG Funds- Citywide Misc. ADA Improvements
DIF Community/Cultural Center- Cultural Campus
DIF Maint & Facilities- Maint & Operations Yard
DIF Transportation- Avenue 50 Widening
DIF Transportation- Avenue 52/Jefferson Roundabout
Equip Replacement Fund- CPM Plan Improvements
General Fund- ADA Accessible Ramps
General Fund- Citywide Misc Concrete Improvements
General Fund- City Hall Drainage Improvements
General Fund- Citywide Drainage Enhancements
General Fund- Fritz Burns Park Improvements
General Fund- Maintenance & Operations Yard
General Fund- PMP Street Improvements
General Fund- Sidewalk Improvements
General Fund- Village Lot Utility Undergrounding
Measure A- Ave 50 Sidewalk Improvements
Measure A- Citywide Traffic Signal Improvements
Measure A- Cove Area Slurry Seal Improvements
Measure A- Dune Palms Pavement Miles -Fred Waring
Measure A- SilverRock Slurry Seal
Measure G- Citywide Dog Park Improvements
Measure G- Cultural Campus
Measure G- Fritz Burns Park Improvements
Measure G- Highway 111 Corridor Plan Improvement
Measure G- Maintenance & Operations Yard
Measure G- Welcome Center Improvements
SB 1- Highway 111 Pavement Resurfacing
SB 1-Washington St Sidewalk- Calle Tampico- Ave 52
Earmark Funding - Citywide Drainage Enhancements
Earmark Funding - Highway 111 Pavement Resurfacing
Lighting & Landscaping/Transportation DIF Fund
Total CIP Program $29,919,019
Amount
-175,000
-500,000
-100,000
-579,109
-600,000
-50,000
-20,000
-1,000,000
-1,000,000
-477,000
-2,000,000
-500,000
-2,000,000
-55,000
-500,000
-400,000
-235,000
-1,000,000
-200,000
-500,000
-1,500,000
-1,000,000
-3,000,000
-3,050,000
-400,000
-750,000
-950,000
-478,000
-2,000,000
-4,000,000
-900,000
64
DESCRIPTION OF FUNDS
FUND TYPE - GENERAL FUND
101 - GENERAL FUND - The primary fund of the City used to account for all revenue and
expenditures of the City not legally restricted as to use. A broad range of municipal activities are
provided through this fund including City Manager, City Attorney, Finance, City Clerk, Community
Development, Public Safety (Police and Fire), Public Works, and Community Services.
FUND TYPE - SPECIAL REVENUE FUNDS
105 — DISASTER RECOVERY FUND — This fund was created to recognize one-time federal
funding passed by Congress in 2021, an act designed to deliver relief to American workers and aid
in economic recovery in the wake of COVID-19 by providing Coronavirus state and local fiscal
recovery funds for state and local governments.
201 - GASOLINE TAX FUND - To account for gasoline sales tax allocations received from the
State of California. These revenues are restricted by the State to expenditures for street related
purposes only.
202 - LIBRARY AND MUSEUM FUND —This fund accounts for the revenues from property taxes
generated 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 - This fund is used to account for revenues from the
Community Development Block Grant (CDBG) received from the federal government and the
expenditures of those resources.
212 — CITIZENS FOR PUBLIC SAFETY (COPS) FUND - This fund is used to account for State of
California funds received for law enforcement activities of the Riverside County Sheriff's
Department, also known as Supplemental Law Enforcement Services Fund (SLESF).
215 — LIGHTING AND LANDSCAPE FUND — This fund accounts for special assessments levied
on real property and the expenditure therefore from city-wide lighting and landscape maintenance
and improvements.
220 - QUIMBY FUND - This fund is used to account for the accumulation of developer fees
received under the provisions of the Quimby Act for park development and improvements. Capital
projects to be funded from this source will be budgeted and expended in a separate Capital
Projects Fund.
221 - AB 939 CAL -RECYCLE FUND - This fund is used to account for franchise fees collected
from the city waste hauler that are used to reduce waste sent to landfills through recycling efforts.
65
223 - MEASURE A FUND — In 1988, Riverside County voters approved a half cent sales tax,
known as Measure A, to fund a variety of highway improvements, local street and road
maintenance, commuter assistance and specialized highway transit projects. This fund is used to
collect this tax and pursuant to the provision of Measure A, it is restricted for local street and road
expenditures.
226 — EMERGENCY MANAGEMENT PERFORMANCE FUND — Revenue received from the
California Office of Emergency Services (CalOES) and restricted for emergency operations center
(EOC) materials and training.
227 — STATE HOMELAND SECURITY PROGRAM (SHSP) FUND — Revenue received from the
State Homeland Security Grant Program to local governments to assist to further the State of
California's efforts to prepare for natural and man-made disasters and terrorism related impacts to
communities.
230 — CASp FUND, AB 1379 — This fund was established as required under Assembly Bill 1379
and Senate Bill 1186 for the collection of the annual $4.00 business license accessibility fee.
Funds shall be utilized for expenses related to enhancing accessibility requirements.
235 - SOUTH COAST AIR QUALITY FUND - This fund is used to account for contributions from
the South Coast Air Quality Management District. Uses are limited to the reduction and control of
airborne pollutants.
244 — HOUSING GRANTS - This fund is used to account for housing related grants as required by
outside agencies for reporting purposes.
247 — ECONOMIC DEVELOPMENT FUND — This fund accounts for revenues and expenditures
related to proceeds from sale of City owned land and future economic development.
270 - ART IN PUBLIC PLACES - This fund accounts for development fees paid in lieu of
acquisition and installation of approved artworks in a development with expenditures restricted to
acquisition, installation, maintenance, and repair of artworks at approved sites.
275 — PUBLIC SAFETY OFFICERS FUND - This fund may be used for payments to survivors of
deceased police or fire personnel serving the City of La Quinta.
241 and 243 HOUSING AUTHORITY - These funds are used to account for the housing activities
of the Housing Authority which are to promote and provide quality affordable housing.
249 SUCESSOR AGENCY BOND FUNDS - This fund is restricted per individual bond covenants.
405 — SUCCESSOR AGENCY PROJECT AREA 1 CAPITAL IMPROVEMENT FUNDS — This
fund is restricted per individual bond covenants.
760 -SUPPLEMENTAL PENSION PLAN FUND —This fund is a defined contribution pension plan
established by the City to provide retirement excess benefits to general employees of the City.
..,
761 — OTHER POST EMPLOYMENT BENEFIT (OPEB) TRUST — The City participates in the
California Employers' Retiree Benefit Trust (CERBT) for the purpose of accumulating funding for
OPEB obligations. The CERBT is a Section 115 Trust and is an agent multiple employer plan for
those electing to prefund OPEB obligations.
762 — PENSION TRUST FUND — In 2019, the City established a Section 115 Trust Agreement
with U.S. Bank National Association and Public Agency Retirement Services (PARS), Trust
Administrator. The Section 115 Trust was established as a means to set aside monies to fund the
City's pension and OPEB obligations. Contributions to the Section 115 Trust are irrevocable, the
assets are dedicated to providing benefits to plan members, and the assets are protected from
creditors of the City. The purpose of the Trust is to address the City's pension obligations by
accumulating assets to reduce the net pension liability.
FUND TYPE — DEBT SERVICE FUND
310 - FINANCING AUTHORITY, DEBT SERVICE - This fund is used to account for the debt
service that will be used for the principal and interest payments of the Financing Authority's
outstanding debt and any related reporting requirements.
FUND TYPE - CAPITAL PROJECTS FUNDS
225 - INFRASTRUCTURE FEE FUND - This fund is used to account for the accumulation of
resources, provided through developer fees for the acquisition, construction or improvement of the
City's infrastructure as defined by Resolution. Capital projects to be funded from this source will
be budgeted and expended in a separate Capital Projects Fund.
250 — TRANSPORTATION DIF, 251 - PARK & RECREATION DIF, 252 - CIVIC CENTER DIF,
253 - LIBRARY COMMUNITY CENTER, 254 — COMMUNITY CENTER DIF, 255 - STREET
FACILITIY DIF, 256 - PARK FACILITY DIF, 257 - FIRE DIF FUNDS, AND 259 — MAINTENANCE
FACILITIES DIF FUND- These funds are used to account for developer impact fees collected for
specific public improvements and may not be utilized for ongoing operational expenses.
401 - CAPITAL PROJECTS FUND — This fund is used to account for the planning, design, and
construction of various capital projects throughout the City of La Quinta.
FUND TYPE - INTERNAL SERVICE FUNDS
501 - FACILITY AND FLEET REPLACEMENT FUND - This fund is used to account for the
ultimate replacement of city owned and operated vehicles, heavy equipment, and facilities.
502 - INFORMATION TECHNOLOGY FUND - This fund is used to account for the ultimate
replacement of city owned and operated computer hardware, software and computer maintenance
and operations.
67
UNDS - CONTINLIX
503 - PARK EQUIPMENT & FACILITIES FUND - This fund is used to account for the replacement
of city owned and operated park equipment and facilities.
504 — INSURANCE FUND — This fund is used to account for the city's insurance coverage.
FUND TYPE — ENTERPRISE FUNDS
601 - SILVERROCK GOLF COURSE FUND - This account is used to account for the activities of
the SilverRock Golf course.
602 - SILVERROCK GOLF COURSE RESERVE FUND - This fund is used to account for golf
course reserves for future capital improvements of the SilverRock Golf course.
68
BUSINESS SESSION ITEM NO. 3
City of La Quinta
FINANCIAL ADVISORY COMMISSION MEETING ,tune 5, 2024
STAFF REPORT
AGENDA TITLE: APPROVE THE FINANCIAL ADVISORY COMMISSION'S FISCAL
YEAR 2024/25 MEETING DATES AND AMEND THE REGULAR QUARTERLY
MEETING START TIME FROM 4:00 P.M. TO 3:30 P.M.
RECOMMENDATION
Approve the Financial Advisory Commission's fiscal year 2024/25 meeting dates and
amend the regular quarterly meeting start time from 4:00 p.m. to 3:30 p.m.
EXECUTIVE SUMMARY
• The Financial Advisory Commission (Commission) meets quarterly on the second
Wednesday in the months of February, May, August, and November at 4:00 p.m.,
and special meetings are scheduled on an as -needed basis.
At the May 8, 2024, regular quarterly meeting the Commission requested that staff
(1) schedule for Commission consideration amending the regular meetings start
time from 4:00 p.m. to 3:30 p.m. and (2) revise the proposed fiscal year 2024/25
meetings dates.
• The proposed start time change and amended Commission meetings schedule do
not conflict with other Commissions' meeting.
FISCAL IMPACT — None.
BACKGROUND/ANALYSIS
The Commission was established via Ordinance No. 556, adopted on April 4, 2017,
following the voters' approval of Measure G imposing 1 % transactions and use tax at the
November 8, 2016, general election, which required a citizen oversight committee be
established to review the generated revenue and expenditures made. Ordinance No. 556
amended Chapter 2.70 of the La Quinta Municipal Code by renaming the then Investment
Advisory Board to the Commission, expanded its membership from five to seven
members, and set the scope of the Commission's powers and duties to include Measure
G oversight, amongst other items. The Commission meets quarterly on the second
Wednesday in the months of February, May, August, and November at 4:00 p.m., and
special meetings are scheduled on an as -needed basis.
At the May 8, 2024, regular quarterly meeting the Commission requested that staff
schedule for Commission consideration amending the regular meetings start time from
4:00 p.m. to 3:30 p.m.; and recommended revisions to the proposed fiscal year 2024/25
Commission meeting schedule as detailed below.
Amended Proaosed Meetina dates for fiscal vear 2024/25 are as follows:
August 14, 2024 (Wednesday) regular quarterly meeting
October 2, 2024 (Wednesday) special meeting
November 6, 2024 (Wednesday) special meeting
December 4, 2024 (Wednesday) special meeting
February 5, 2025 (Wednesday) special meeting
April 2, 2025 (Wednesday) special meeting
May 7, 2025 (Wednesday) regular quarterly meeting
June 4, 2025 (Wednesday) special meeting
GuRe 11 2025 (Wednesday) menial mooting
Added
Cancelled
Added
Cancelled
Added
Replaced with April 2, 2025
Added
Replaced with June 4, 2025
A departmental report will be prepared for the City Council to notify them of any amendments to
the Commission's meeting start time and meeting schedule.
ALTERNATIVES
The Commission may approve the proposed amendments to the Commission's meeting
start time and fiscal year 2024/25 meeting schedule as proposed, or may elect to revise
them.
Prepared by: Jessica Delgado, Administrative Technician
Approved by: Claudia Martinez, Finance Director
BUSINESS SESSION ITEM NO. 4
City of La Quinta
FINANCIAL ADVISORY COMMISSION MEETING: June 5, 2024
STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE THIRD QUARTER FISCAL YEAR 2023/24
TREASURY REPORTS FOR JANUARY, FEBRUARY, AND MARCH 2O24
RECOMMENDATION
Receive and file the third quarter fiscal year 2023/24 Treasury Reports for January,
February, and March 2024.
BACKGROUND/ANALYSIS
Commentary and Summary of Significant Activity
The total book value of the portfolio increased $21.0 million, from $228.4 million at the
end of December to $249.4z million at the end of March. In addition to normal operating
revenue and expenditures, the City received federal funds reimbursement for the Dune
Palms bridge project, and several property -tax related payments. 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
7.25%
1.05%
0.83%
100%
Local Agency Investment Fund (LAIF) City
7.99%
7.87%
7.89%
(t)
Local Agency Investment Fund (LAIF) Housing
0.86%
0.84%
0.84%
(1)(2)
Money Market/Mutual Funds
0.00%
5.94%
7.45%
20%
Money Market Pool Accounts -CAMP
20.43%
20.16%
20.27%
N/A
Federal Agency Coupons & Discount Notes
23.03%
23.30%
23.36%
100%
Treasury Coupons & Discount Notes
20.11 %
20.16%
19.03%
100%
Certificates of Deposit (CD's)
16.68%
16.42%
16.27%
30%
Corporate Notes
0.60%
0.59%
0.99%
30%
Money Market with Fiscal Agent
0.01 %
0.68%
0.00%
(2)
CERBT- OPEB Trust
0.79%
0.78%
0.80%
(3)
PARS Pension Trust
2.25%
2.22%
2.26%
(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 was 3.35% as of March, which was a seven
(7) basis point (bps) increase since December. Total earnings for the quarter of $2.1
million were $829,000 above last year, when the annual effective rate was only 1.81 %.
City staff routinely evaluates liquidity needs while also monitoring market trends. We are
investing money in United States Treasuries in the 1-3 year range to capitalize on the
yield environment, while continuing to utilize the California Asset Management Program
(CAMP) which is yielding more than the Local Agency Investment Fund (LAIF), for short-
term investing. Additionally, in the third quarter the City initiated the sweep function on
our operating account, whereby funds are placed in a highly -rated government funds
account (Invesco Treasury Portfolio — ticker TYCXX) while maintaining a peg balance and
sufficient liquidity to cover all operating expenses. This fund earned $121,160 in interest
for the City in only 55 days, with a yield of about 5.2%.
Average Days
Effective Rate
Effective Rate
Total
Earnings
to Maturity
of Return MTD
of Return YTD
YTM
January
$
653,097
480
3.35%
3.29%
3.305%
February
$
759,771
502
3.90%
3.36%
3.630%
March
$
691,528
490
3.26%
3.35%
3.698%
Quarter 3
$
2,104,396
491
3.50%
3.33%
3.544%
Quarter 2 2023/34
$
1,954,366
509
3.36%
3.25%
3.383%
Quarter 1 2023/24
$
1,992,690
487
3.20%
3.13%
3.235%
Throughout the quarter, three agency bonds, six treasuries, and seven CDs matured —
one US Treasury that matured on 3/31/2024 had a settlement date of 4/1/2024 and is
therefore shown as "pending redemption" on the March portfolio summary report. One
agency bond was sold, and eight agency bonds, six treasuries, and one CD were
purchased. Maturities and purchases are listed in detail in the attached reports.
Additionally, in the third quarter the City successfully transitioned to our new custody
bank; investments are now held with U.S. Bank Trust Company, N.A. The custody
account also has a sweep feature, and funds are placed in First American Treasury
Obligation Fund- ticker FUZXX. This fund and the one mentioned above are shown on
the purchases report under Money Market/Mutual Funds.
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 Money Market/Mutual Funds, CAMP, LAIF, and U.S. Treasuries as needed.
Longer term investments may include Government Sponsored Enterprise (agencies)
securities, U.S. Treasuries, Corporate Notes, and Negotiable Certificates of Deposits. All
investments recognize both immediate and long-term cash flow needs, and there is
sufficient liquidity in the portfolio to meet expenditure requirements for the next six
months.
ALTERNATIVES - None
Prepared by: Rosemary Hallick, Principal Management Analyst
Approved by: Claudia Martinez, Finance Director/City Treasurer
Attachment: 1. Treasurer's Report for January 1, 2024 to March 31, 2024
t(v Qaigr(v
GEM of the DESERT —
Investments
City of La Quinta
Portfolio Management
Portfolio Summary
January 31, 2024
Par Market Book % of
Value Value Value Portfolio Term
ATTACHMENT
City of La Quinta
Days to YTM
Maturity 365 Equiv.
Bank Accounts
17,845,168.39
17,845,168.39
17,845,168.39
7.25
1
1
0.000
CAMP TERM
20,000,000.00
20,000,000.00
20,000,000.00
8.13
263
71
5.645
Local Agency Investment Fund -City
19,669,740.01
19,152,922.65
19,669,740.01
7.99
1
1
4.012
Local Agency Invstmnt Fund -Housing
2,105,608.10
2,074,507.44
2,105,608.10
0.86
1
1
4.012
Money Market Accounts - CAMP
30,273,452.87
30,273,452.87
30,273,452.87
12.30
1
1
5.540
Federal Agency Coupon Securities
55,000,000.00
53,124,115.00
54,742,316.58
22.25
1,514
797
2.464
Federal Agency Discount
2,000,000.00
1,961,220.00
1,916,929.44
0.78
287
140
5.533
Treasury Coupon Securities
45,500,000.00
44,083,962.50
44,614,612.82
18.13
1,256
776
3.255
Treasury Discount Notes
5,000,000.00
4,930,690.00
4,869,608.38
1.98
180
97
5.504
Certificate of Deposits
41,052,000.00
40,270,366.17
41,051,377.50
16.68
1,648
871
3.005
Corporate Notes
1,500,000.00
1,443,425.00
1,470,410.00
0.60
1,827
1,319
3.054
Money Market with Fiscal Agent
14,016.10
14,016.10
14,016.10
0.01
1
1
0.000
CERBT - OPEB Trust
1,955,099.21
1,955,099.21
1,955,099.21
0.79
1
1
0.000
PARS Pension Trust
5,530,137.46
5,530,137.46
5,530,137.46
2.25
1
1
0.000
247,445,222.14
242,659,082.79
246,058,476.86
100.00%
878
480
3.305
Investments
Total Earnings January 31 Month Ending Fiscal Year To Date
Current Year 653,097.25 4,600,153.68
Average Daily Balance 229,650,268.35 237,389,522.83
Effective Rate of Return 3.35% 3.29%
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
\iisIYIn//I/sIII1ued by our financial institutions to determine the fair market value of investments at month end.
�% \. Di9iGm ago ed bYa autlla MaMnez
858-0 5/31/2024
Claudia Martinez, Finance Director/City Treasurer
Reporting period 01/01/2024-01131/2024
Run Date: 05/17/2024 -12:17
Portfolio CITY
CID
PM (PRF_PM1) 7.3.0
Report Ver. 7.3.6.1
City of La Quinta
Portfolio Management
Page 1
Portfolio Details - Investments
January 31, 2024
Average
Purchase
Stated
Days to
YTM
Maturity
CUSIP
Investment # Issuer Balance
Date Par Value
Market Value
Book Value
Rate
Term Maturity
365
Date
Bank Accounts
SYS1293
1293
Bank of New York
09/01/2020 2,820,127.19
2,820,127.19
2,820,127.19
1
1
0.000
059731851
1228
BMO f/k/a Bank of the West
08/20/2019 13,971,997.84
13,971,997.84
13,971,997.84
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 928,031.62
928,031.62
928,031.62
1
1
0.000
SYS1062
1062
La Quinta Palms Realty
07/01/2016 121,711.74
121,711.74
121,711.74
1
1
0.000
Subtotal and Average 7,826,566.72
17,845,168.39
17,845,168.39
17,845,168.39
1
1
0.000
CAMP TERM
6067-001TERM
1521
California Asset Management Pr
07/24/2023 20,000,000.00
20,000,000.00
20,000,000.00
5.645
263
71
5.645 04/12/2024
Subtotal and Average 20,000,000.00
20,000,000.00
20,000,000.00
20,000,000.00
263
71
5.645
Local Agency Investment Fund -City
98-33-434
1055
Local Agency Inv Fund
19,669,740.01
19,152,922.65
19,669,740.01
4.012
1
1
4.012
Subtotal and Average 15,096,132.12
19,669,740.01
19,152,922.65
19,669,740.01
1
1
4.012
Local Agency Invstmnt Fund -Housing
25-33-005 1113 Local Agency Inv Fund
2,105,608.10
2,074,507.44
2,105,608.10 4.012
1 1 4.012
Subtotal and Average 2,098,176.76
2,105,608.10
2,074,507.44
2,105,608.10
1 1 4.012
Money Market Accounts - CAMP
SYS1153 1153 California Asset Management Pr 09/26/2018
30,273,452.87
30,273,452.87
30,273,452.87 5.540
1 1 5.540
Subtotal and Average 30,136,747.46
30,273,452.87
30,273,452.87
30,273,452.87
1 1 5.540
Federal Agency
Coupon Securities
3133EKWV4
1212
Federal Farm
Credit Bank
3133EKP75
1224
Federal Farm
Credit Bank
3133ELEA8
1242
Federal Farm
Credit Bank
3133ELNEO
1246
Federal Farm
Credit Bank
3133ELH23
1280
Federal Farm
Credit Bank
3133ELH80
1282
Federal Farm
Credit Bank
3133EM2C5
1330
Federal Farm
Credit Bank
3133EM4X7
1338
Federal Farm
Credit Bank
3133ENCQ1
1344
Federal Farm
Credit Bank
3133ENGN4
1355
Federal Farm
Credit Bank
3133ENYH7
1401
Federal Farm
Credit Bank
Run Date: 05/17/2024 - 12:17
08/02/2019
500,000.00
492,190.00
09/17/2019
500,000.00
489,750.00
12/17/2019
1,000,000.00
980,110.00
02/14/2020
1,000,000.00
998,630.00
06/09/2020
500,000.00
474,475.00
06/10/2020
500,000.00
474,130.00
08/10/2021
500,000.00
457,175.00
09/28/2021
1,000,000.00
918,510.00
11/02/2021
1,000,000.00
920,890.00
12/09/2021
1,000,000.00
966,950.00
06/10/2022
500,000.00
495,420.00
499,500.00
1.850
1,820
176
1.871
07/26/2024
498,750.00
1.600
1,827
229
1.652
09/17/2024
998,600.00
1.700
1,736
229
1.731
09/17/2024
999,000.00
1.430
1,461
13
1.456
02/14/2024
499,850.00
0.500
1,826
494
0.506
06/09/2025
500,000.00
0.680
1,826
495
0.680
06/10/2025
498,000.00
0.710
1,826
921
0.792
08/10/2026
991,080.00
0.800
1,808
952
0.985
09/10/2026
1,000, 000.00
1.270
1,826
1,005
1.270
11 /02/2026
1,000,000.00
0.970
1,096
312
0.970
12/09/2024
499,080.00
2.625
731
130
2.720
06/10/2024
Portfolio CITY
CID
PM (PRF_PM2) 7.3.0
Report Ver. 7.3.6.1
City of La Quinta
Portfolio Management
Portfolio Details - Investments
January 31, 2024
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
3133ENL99
1426
Federal Farm Credit Bank
09/15/2022
1,000,000.00
976,990.00
997,492.55
3.375
1,826
1,322
3.430
09/15/2027
3133ENQ29
1433
Federal Farm Credit Bank
09/30/2022
1,000,000.00
1,000,160.00
996,400.00
4.000
1,825
1,336
4.080
09/29/2027
3133EN3H1
1441
Federal Farm Credit Bank
11/29/2022
1,000,000.00
999,550.00
998,650.00
4.000
1,826
1,397
4.030
11/29/2027
3133EN3S7
1446
Federal Farm Credit Bank
12/07/2022
1,000,000.00
990,770.00
998,000.00
3.750
1,826
1,405
3.794
12/07/2027
3133EPAV7
1464
Federal Farm Credit Bank
02/15/2023
1,000,000.00
995,320.00
995,400.00
3.875
1,825
1,474
3.977
02/14/2028
3133EPME2
1505
Federal Farm Credit Bank
06/08/2023
1,000,000.00
995,250.00
998,190.00
3.875
1,827
1,589
3.915
06/08/2028
3133EPQDO
1527
Federal Farm Credit Bank
07/31/2023
1,000,000.00
1,010,100.00
998,655.69
4.250
1,813
1,628
4.280
07/17/2028
3133EPSK2
1531
Federal Farm Credit Bank
08/18/2023
1,000,000.00
1,010,120.00
990,400.00
4.250
1,816
1,649
4.467
08/07/2028
3133EPC45
1554
Federal Farm Credit Bank
11/13/2023
1,000,000.00
1,031,630.00
999,770.00
4.625
1,827
1,747
4.630
11/13/2028
3133EPW84
1568
Federal Farm Credit Bank
01/18/2024
1,000,000.00
997,030.00
992,100.00
3.875
1,827
1,813
4.051
01/18/2029
3133EPW84
1569
Federal Farm Credit Bank
01/30/2024
1,000,000.00
997,030.00
994,400.00
3.875
1,815
1,813
4.000
01/18/2029
3130AFW94
1177
Federal Home Loan Bank
03/01/2019
500,000.00
499,580.00
498,550.00
2.500
1,810
12
2.563
02/13/2024
3130AJKW8
1281
Federal Home Loan Bank
06/03/2020
500,000.00
474,010.00
499,850.00
0.500
1,836
498
0.506
06/13/2025
3130AJRP6
1283
Federal Home Loan Bank
06/30/2020
300,000.00
284,403.00
300,000.00
0.680
1,826
515
0.680
06/30/2025
3130AKFA9
1298
Federal Home Loan Bank
12/07/2020
500,000.00
465,205.00
497,400.00
0.375
1,831
680
0.480
12/12/2025
3130AKMZ6
1302
Federal Home Loan Bank
01/14/2021
500,000.00
464,520.00
500,000.00
0.510
1,826
713
0.510
01/14/2026
313OAKN28
1304
Federal Home Loan Bank
01/29/2021
500,000.00
464,300.00
500,000.00
0.550
1,826
728
0.550
01/29/2026
3130ALV92
1312
Federal Home Loan Bank
03/30/2021
500,000.00
468,050.00
500,000.00
1.050
1,826
788
0.938
03/30/2026
3130AMFS6
1324
Federal Home Loan Bank
06/17/2021
1,000,000.00
923,670.00
993,420.00
0.750
1,821
862
0.885
06/12/2026
3130APBM6
1337
Federal Home Loan Bank
09/30/2021
1,000,000.00
916,910.00
999,000.00
1.000
1,826
972
1.021
09/30/2026
3130APB46
1339
Federal Home Loan Bank
10/13/2021
1,000,000.00
914,780.00
998,250.00
0.950
1,826
985
0.986
10/13/2026
3130APTV7
1347
Federal Home Loan Bank
11/24/2021
500,000.00
471,670.00
499,500.00
2.000
1,826
1,027
1.489
11/24/2026
3130AP2U8
1353
Federal Home Loan Bank
12/07/2021
1,000,000.00
960,850.00
987,100.00
0.550
1,127
341
0.976
01/07/2025
313OAQF65
1358
Federal Home Loan Bank
12/22/2021
1,000,000.00
924,990.00
999,750.00
1.250
1,825
1,054
1.255
12/21/2026
3130AQJR5
1364
Federal Home Loan Bank
01/27/2022
1,000,000.00
924,790.00
1,000,000.00
1.500
1,826
1,091
1.500
01/27/2027
3130AQSA2
1367
Federal Home Loan Bank
02/10/2022
1,000,000.00
933,040.00
1,000,000.00
1.830
1,826
1,105
1.830
02/10/2027
3130AQWY5
1374
Federal Home Loan Bank
02/25/2022
1,000,000.00
963,660.00
1,000,000.00
1.700
1,095
389
1.700
02/24/2025
3130ARGJ4
1385
Federal Home Loan Bank
04/14/2022
500,000.00
484,250.00
500,000.00
2.500
1,279
621
2.500
10/14/2025
3130ARGY1
1387
Federal Home Loan Bank
04/19/2022
1,000,000.00
952,760.00
1,000,000.00
2.700
1,826
1,173
2.700
04/19/2027
3130ASDV8
1409
Federal Home Loan Bank
06/28/2022
300,000.00
290,340.00
300,000.00
3.300
1,826
1,243
3.300
06/28/2027
3130ARHG9
1529
Federal Home Loan Bank
08/10/2023
1,000,000.00
997,480.00
982,520.00
2.125
202
27
5.391
02/28/2024
3130AXEL8
1541
Federal Home Loan Bank
10/03/2023
1,000,000.00
1,032,880.00
999,500.00
4.750
1,802
1,681
4.762
09/08/2028
3130AYBQ8
1566
Federal Home Loan Bank
12/29/2023
1,000,000.00
1,000,170.00
999,516.00
4.750
363
329
4.800
12/26/2024
3130AYKN5
1573
Federal Home Loan Bank
01/31/2024
1,000,000.00
1,000,670.00
999,992.84
4.810
345
344
4.810
01/10/2025
3134GVYG7
1279
Federal Home Loan Mtg Corp
05/27/2020
1,000,000.00
950,060.00
1,000,000.00
0.625
1,826
481
0.625
05/27/2025
3137EAEU9
1297
Federal Home Loan Mtg Corp
12/07/2020
1,000,000.00
944,240.00
997,300.00
0.375
1,687
536
0.434
07/21/2025
Portfolio CITY
CP
Run Date: 05/17/2024 - 12:17
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
January 31, 2024
Page 3
Average
Purchase
Stated
Days to
YTM Maturity
CUSIP
Investment # Issuer Balance
Date
Par Value
Market Value
Book Value
Rate
Term Maturity
365 Date
Federal Agency Coupon Securities
3134GXGZ1
1301
Federal Home Loan Mtg Corp
12/30/2020
500,000.00
466,000.00
500,000.00
0.550
1,826
698
0.550 12/30/2025
3137EAEX3
1307
Federal Home Loan Mtg Corp
02/23/2021
500,000.00
468,425.00
495,999.50
0.375
1,673
600
0.552 09/23/2025
3137EAEX3
1310
Federal Home Loan Mtg Corp
03/30/2021
1,000,000.00
936,850.00
983,940.00
0.375
1,638
600
0.740 09/23/2025
3134GW6C5
1359
Federal Home Loan Mtg Corp
01/05/2022
500,000.00
454,190.00
486,000.00
0.800
1,757
1,000
1.403 10/28/2026
3137EAEU9
1361
Federal Home Loan Mtg Corp
01/05/2022
500,000.00
472,120.00
487,090.00
0.375
1,293
536
1.120 07/21/2025
3134GW5R3
1362
Federal Home Loan Mtg Corp
01/05/2022
400,000.00
374,872.00
391,360.00
0.650
1,391
634
1.232 10/27/2025
3134GWUQ7
1366
Federal Home Loan Mtg Corp
02/10/2022
1,000,000.00
901,300.00
945,570.00
0.700
1,784
1,063
1.870 12/30/2026
3134GYPJ5
1484
Federal Home Loan Mtg Corp
04/24/2023
1,000,000.00
993,300.00
999,100.00
5.200
1,820
1,537
5.220 04/17/2028
3135GOV75
1206
Federal National Mtg Assn
07/15/2019
500,000.00
492,870.00
495,950.00
1.750
1,814
152
1.922 07/02/2024
3135GO5S8
1288
Federal National Mtg Assn
08/14/2020
500,000.00
471,145.00
500,000.00
0.500
1,826
560
0.500 08/14/2025
3136G4N74
1289
Federal National Mtg Assn
08/21/2020
1,000,000.00
942,470.00
1,000,000.00
0.560
1,826
567
0.560 08/21/2025
3136G4M75
1290
Federal National Mtg Assn
08/28/2020
500,000.00
470,800.00
499,750.00
0.520
1,816
564
0.530 08/18/2025
3135GO6E8
1291
Federal National Mtg Assn
11/18/2020
500,000.00
482,550.00
499,250.00
0.420
1,461
291
0.458 11/18/2024
3135GA2Z3
1292
Federal National Mtg Assn
11/17/2020
500,000.00
466,845.00
499,250.00
0.560
1,826
655
0.590 11/17/2025
3135GA7D7
1299
Federal National Mtg Assn
12/23/2020
500,000.00
464,300.00
500,000.00
0.600
1,826
691
0.600 12/23/2025
3135GAAW1
1300
Federal National Mtg Assn
12/30/2020
500,000.00
480,170.00
500,000.00
0.400
1,461
333
0.400 12/30/2024
3135GO6G3
1354
Federal National Mtg Assn
12/07/2021
1,000,000.00
935,160.00
976,300.00
0.500
1,431
645
1.120 11/07/2025
3135GO3U5
1365
Federal National Mtg Assn
01/28/2022
500,000.00
476,720.00
487,790.00
0.625
1,180
446
1.400 04/22/2025
3135GAGA3
1480
Federal National Mtg Assn
04/03/2023
2,000,000.00
1,996,520.00
2,000,000.00
5.200
484
180
5.206 07/30/2024
3135GAGK1
1482
Federal National Mtg Assn
04/12/2023
3,000,000.00
2,998,050.00
3,000,000.00
5.050
366
71
5.050 04/12/2024
Subtotal and Average 52,300,281.57
55,000,000.00
53,124,115.00
54,742,316.58
1,514
797
2.464
Federal Agency
Discount
313384YJ2
1534
Federal Home Loan Bank
09/07/2023
2,000,000.00
1,961,220.00
1,916,929.44
5.210
287
140
5.533 06/20/2024
Subtotal and Average 1,916,929.44
2,000,000.00
1,961,220.00
1,916,929.44
287
140
5.533
Treasury Coupon Securities
912828YV6
1241
U.S. Treasury
12/16/2019
1,000,000.00
972,810.00
989,687.50
1.500
1,811
303
1.718 11/30/2024
91282CBC4
1303
U.S. Treasury
01/07/2021
500,000.00
464,825.00
498,632.81
0.375
1,819
699
0.431 12/31/2025
91282CBH3
1309
U.S. Treasury
02/23/2021
500,000.00
463,475.00
495,100.00
0.375
1,803
730
0.577 01/31/2026
91282CAT8
1311
U.S. Treasury
03/30/2021
1,000,000.00
932,270.00
977,500.00
0.250
1,676
638
0.750 10/31/2025
91282CAZ4
1315
U.S. Treasury
04/22/2021
500,000.00
465,975.00
492,187.50
0.375
1,683
668
0.720 11/30/2025
91282CBQ3
1319
U.S. Treasury
05/28/2021
500,000.00
463,515.00
494,165.00
0.500
1,737
758
0.750 02/28/2026
91282CBT7
1320
U.S. Treasury
05/28/2021
500,000.00
465,195.00
499,525.00
0.750
1,768
789
0.770 03/31/2026
91282CCF6
1321
U.S. Treasury
06/01/2021
1,000,000.00
925,660.00
997,060.00
0.750
1,825
850
0.810 05/31/2026
91282CBT7
1322
U.S. Treasury
06/17/2021
500,000.00
465,195.00
498,450.00
0.750
1,748
789
0.816 03/31/2026
Run Date: 05/17/2024 - 12:17
Portfolio CITY
CID
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
January 31, 2024
Page 4
CUSIP
Investment #
Issuer
Average Purchase
Balance Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM
365
Maturity
Date
Treasury Coupon
Securities
91282CCF6
1323
U.S.
Treasury
06/17/2021
500,000.00
462,830.00
497,095.00
0.750
1,809
850
0.870
05/31/2026
91282CCP4
1335
U.S.
Treasury
09/29/2021
1,000,000.00
918,520.00
983,750.00
0.625
1,766
911
0.970
07/31/2026
91282CCW9
1336
U.S.
Treasury
09/29/2021
1,000,000.00
919,410.00
988,500.00
0.750
1,797
942
0.990
08/31/2026
91282CDB4
1343
U.S.
Treasury
10/22/2021
1,000,000.00
970,430.00
996,320.00
0.625
1,089
257
0.750
10/15/2024
91282CBR1
1352
U.S.
Treasury
12/07/2021
1,000,000.00
994,070.00
989,800.00
0.250
829
43
0.704
03/15/2024
91282CBV2
1360
U.S.
Treasury
01/05/2022
500,000.00
494,980.00
494,882.81
0.375
831
74
0.830
04/15/2024
912828Z78
1369
U.S.
Treasury
02/10/2022
1,000,000.00
929,770.00
986,700.00
1.500
1,816
1,095
1.781
01/31/2027
91282CCW9
1380
U.S.
Treasury
03/22/2022
500,000.00
459,705.00
466,454.17
0.750
1,623
942
2.350
08/31/2026
91282CDG3
1381
U.S.
Treasury
03/22/2022
500,000.00
462,385.00
473,396.82
1.125
1,684
1,003
2.350
10/31/2026
91282CBQ3
1382
U.S.
Treasury
03/23/2022
750,000.00
695,272.50
698,025.00
0.500
1,438
758
2.353
02/28/2026
9128286S4
1383
U.S.
Treasury
03/23/2022
1,000,000.00
962,340.00
999,010.00
2.375
1,499
819
2.400
04/30/2026
9128283DO
1390
U.S.
Treasury
05/03/2022
1,000,000.00
980,700.00
985,190.00
2.250
912
273
2.870
10/31/2024
91282CEF4
1391
U.S.
Treasury
05/03/2022
1,000,000.00
956,210.00
976,860.00
2.500
1,793
1,154
3.010
03/31/2027
912828X88
1397
U.S.
Treasury
06/07/2022
1,000,000.00
950,660.00
969,687.50
2.375
1,803
1,199
3.041
05/15/2027
91282CEN7
1398
U.S.
Treasury
06/08/2022
500,000.00
481,290.00
495,000.00
2.750
1,787
1,184
2.971
04/30/2027
91282CET4
1399
U.S.
Treasury
06/08/2022
500,000.00
478,965.00
491,842.18
2.625
1,818
1,215
2.980
05/31/2027
9128282U3
1400
U.S.
Treasury
06/09/2022
500,000.00
490,705.00
490,850.00
1.875
814
212
2.727
08/31/2024
91282CFB2
1417
U.S.
Treasury
08/15/2022
1,000,000.00
960,470.00
989,460.00
2.750
1,811
1,276
2.980
07/31/2027
912828XT2
1418
U.S.
Treasury
05/04/2022
1,000,000.00
989,340.00
985,240.00
2.000
758
120
2.736
05/31/2024
91282CFB2
1422
U.S.
Treasury
08/29/2022
1,000,000.00
960,470.00
979,645.67
2.750
1,797
1,276
3.200
07/31/2027
9128282RO
1439
U.S.
Treasury
11/18/2022
1,000,000.00
943,870.00
927,110.00
2.250
1,731
1,291
3.950
08/15/2027
91282CFH9
1456
U.S.
Treasury
01/24/2023
500,000.00
486,075.00
489,175.00
3.125
1,680
1,307
3.640
08/31/2027
91282CGH8
1460
U.S.
Treasury
02/02/2023
1,000,000.00
983,980.00
996,369.14
3.500
1,824
1,460
3.580
01/31/2028
91282CEW7
1465
U.S.
Treasury
02/15/2023
1,000,000.00
977,310.00
967,220.00
3.250
1,596
1,245
4.075
06/30/2027
91282CGT2
1508
U.S.
Treasury
06/15/2023
1,000,000.00
988,590.00
984,600.00
3.625
1,751
1,520
3.980
03/31/2028
912828666
1518
U.S.
Treasury
07/12/2023
2,000,000.00
1,998,040.00
1,969,580.00
2.750
218
14
5.382
02/15/2024
91282CGT2
1524
U.S.
Treasury
05/31/2023
1,000,000.00
988,590.00
990,000.00
3.625
1,766
1,520
3.853
03/31/2028
91282CHA2
1525
U.S.
Treasury
05/31/2023
1,000,000.00
983,520.00
985,000.00
3.500
1,796
1,550
3.837
04/30/2028
91282CEK3
1528
U.S.
Treasury
08/10/2023
1,000,000.00
993,050.00
980,080.00
2.500
264
89
5.340
04/30/2024
912828W71
1530
U.S.
Treasury
08/10/2023
2,000,000.00
1,989,620.00
1,960,078.13
2.125
234
59
5.338
03/31/2024
9128282U3
1535
U.S.
Treasury
09/07/2023
3,000,000.00
2,944,230.00
2,899,170.81
1.875
359
212
5.440
08/31/2024
9128282N9
1536
U.S.
Treasury
09/07/2023
2,000,000.00
1,970,780.00
1,942,840.00
2.125
328
181
5.431
07/31/2024
91282CGT2
1543
U.S.
Treasury
10/19/2023
1,000,000.00
988,590.00
949,180.00
3.625
1,625
1,520
4.910
03/31/2028
91282CFUO
1550
U.S.
Treasury
11/06/2023
750,000.00
754,335.00
739,200.00
4.125
1,455
1,368
4.524
10/31/2027
9128285M8
1565
U.S.
Treasury
12/29/2023
1,000,000.00
966,370.00
966,718.75
3.125
1,783
1,749
3.880
11/15/2028
91282CJR3
1567
U.S.
Treasury
01/02/2024
1,000,000.00
993,670.00
997,067.49
3.750
1,825
1,795
3.815
12/31/2028
Portfolio CITY
CID
Run Date: 05/17/2024 - 12:17
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
January 31, 2024
Page 5
CUSIP
Average
Investment # Issuer Balance
Purchase
Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM Maturity
365 Date
Treasury Coupon Securities
91282CJV4
1570
U.S. Treasury
01/31/2024
1,000,000.00
1,000,430.00
998,482.98
4.250
731
730
4.330 01/31/2026
91282CJT9
1571
U.S. Treasury
01/31/2024
1,000,000.00
999,530.00
996,813.45
4.000
1,080
1,079
4.115 01/15/2027
91282CFQ9
1572
U.S. Treasury
01/31/2024
1,000,000.00
995,940.00
995,910.11
4.375
274
273
4.930 10/31/2024
Subtotal and Average 44,980,443.02
45,500,000.00
44,083,962.50
44,614,612.82
1,256
776
3.255
Treasury Discount Notes
912796CX5
1542
U.S. Treasury
10/18/2023
2,000,000.00
1,977,780.00
1,945,964.16
5.315
183
77
5.615 04/18/2024
912797HH3
1551
U.S. Treasury
11/06/2023
1,000,000.00
986,850.00
974,178.00
5.222
178
91
5.511 05/02/2024
912797HS9
1558
U.S. Treasury
12/04/2023
2,000,000.00
1,966,060.00
1,949,466.22
5.110
178
119
5.389 05/30/2024
Subtotal and Average 4,869,608.38
5,000,000.00
4,930,690.00
4,869,608.38
180
97
5.504
Certificate of Deposits
336460CX6
1222
First State Bk DeQueen
08/30/2019
248,000.00
242,950.00
248,000.00
1.800
1,827
211
1.802 08/30/2024
31911KAK4
1515
First Bank Elk River
06/30/2023
248,000.00
256,899.03
248,000.00
4.400
1,827
1,611
4.405 06/30/2028
32027BALl
1273
First Freedom Bank
04/29/2020
249,000.00
236,993.13
249,000.00
1.200
1,826
453
1.201 04/29/2025
33766LAJ7
1216
FirsTier Bank
08/23/2019
249,000.00
244,302.99
249,000.00
1.950
1,827
204
1.952 08/23/2024
32056GDJ6
1278
1st Internet Bank
05/11/2020
248,000.00
235,089.24
248,000.00
1.000
1,827
466
0.985 05/12/2025
32112UDR9
1274
First Natl Bk McGregor
04/28/2020
248,000.00
236,523.45
248,000.00
1.350
1,826
452
1.351 04/28/2025
334342CD2
1221
First Natl Bk of Syracuse
08/30/2019
249,000.00
244,001.65
249,000.00
1.850
1,827
211
1.852 08/30/2024
32114VBT3
1250
First National Bank Michigan
02/14/2020
248,000.00
239,895.16
248,000.00
1.650
1,827
379
1.652 02/14/2025
33625CCP2
1209
First Security Bank of WA
07/30/2019
248,000.00
243,911.95
248,000.00
2.000
1,827
180
2.002 07/30/2024
33640VDD7
1231
First Service Bank
11/15/2019
248,000.00
245,328.36
248,000.00
1.700
1,643
104
1.701 05/15/2024
88413QDN5
1420
Third Federal Savings and Loan
08/19/2022
245,000.00
233,805.37
245,000.00
3.300
1,826
1,295
3.302 08/19/2027
00257TBD7
1207
Abacus Federal Savings
07/26/2019
248,000.00
243,940.70
248,000.00
1.950
1,827
176
1.952 07/26/2024
00435JBH5
1256
Access Bank
03/13/2020
248,000.00
238,191.11
248,000.00
1.600
1,826
406
1.601 03/13/2025
00833JAQ4
1478
Affinity Bank
03/17/2023
248,000.00
254,463.55
248,000.00
4.900
1,827
1,506
4.906 03/17/2028
01025RAG4
1510
Alabama Credit Union
06/20/2023
248,000.00
250,850.19
248,000.00
5.000
1,098
872
5.005 06/22/2026
011852AEO
1469
Alaska USA/Global FCU
03/08/2023
248,000.00
251,555.15
248,000.00
4.600
1,827
1,497
4.606 03/08/2028
01882MAC6
1451
AlliantCU
12/30/2022
247,000.00
251,240.84
247,000.00
5.000
1,826
1,428
5.003 12/30/2027
01664MAB2
1448
All In FCU
12/20/2022
248,000.00
246,783.03
248,000.00
4.400
1,826
1,418
4.402 12/20/2027
02007GPX5
1388
Ally Bank Midvale
04/21/2022
245,000.00
237,406.20
245,000.00
2.550
1,096
445
2.550 04/21/2025
020080BX4
1267
Alma Bank
03/30/2020
248,000.00
237,328.64
248,000.00
1.400
1,824
421
1.399 03/28/2025
029728BC5
1255
American State
02/21/2020
248,000.00
238,679.77
248,000.00
1.600
1,827
386
1.602 02/21/2025
02589ADH2
1421
American Express, NB
08/29/2022
245,000.00
234,951.66
245,000.00
3.450
1,793
1,272
3.067 07/27/2027
02357QAQO
1372
Amerant Bank
02/14/2022
245,000.00
222,035.49
245,000.00
1.600
1,828
1,111
1.601 02/16/2027
052392BT3
1427
Austin Telco FCU
09/21/2022
248,000.00
240,902.81
248,000.00
3.800
1,826
1,328
3.770 09/21/2027
Portfolio CITY
CID
Run Date: 05/17/2024 - 12:17
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
January 31, 2024
Page 6
CUSIP
Investment #
Average
Issuer Balance
Purchase
Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM
365
Maturity
Date
Certificate of
Deposits
05465DAE8
1258
Axos Bank
03/26/2020
248,000.00
238,086.19
248,000.00
1.650
1,826
419
1.651
03/26/2025
05765LBUO
1520
Balboa Thrift and Loan
07/19/2023
248,000.00
259,873.65
248,000.00
4.400
1,827
1,630
4.405
07/19/2028
062119BT8
1492
Bank Five Nine
05/12/2023
248,000.00
248,719.40
248,000.00
4.250
1,827
1,562
4.255
05/12/2028
06610RCA5
1499
Bankers Bank
05/24/2023
248,000.00
247,823.22
248,000.00
4.150
1,827
1,574
4.155
05/24/2028
07371AYE7
1370
Beal Bank TX
02/23/2022
245,000.00
224,099.92
245,000.00
1.900
1,820
1,112
1.901
02/17/2027
073710E88
1371
Beal Bank USA
02/23/2022
245,000.00
224,099.92
245,000.00
1.900
1,820
1,112
1.901
02/17/2027
08016PDQ9
1270
Belmont Bank and Trust
04/16/2020
248,000.00
245,833.29
248,000.00
1.250
1,461
75
1.251
04/16/2024
06417NZQ9
1329
Bank OZK
07/29/2021
248,000.00
234,948.11
248,000.00
0.400
1,280
363
0.401
01/29/2025
064520BG3
1287
Bank Princeton
06/30/2020
248,000.00
236,809.42
248,000.00
0.500
1,644
333
0.500
12/30/2024
064860MCO
1476
Bank of the Sierra
03/15/2023
244,000.00
245,805.00
244,000.00
4.600
1,461
1,138
4.604
03/15/2027
09582YAF9
1467
Blue Ridge Bank
02/28/2023
244,000.00
244,472.13
244,000.00
4.200
1,826
1,488
4.202
02/28/2028
05580AD50
1333
BMW Bank
09/10/2021
245,000.00
238,146.77
245,000.00
0.650
1,096
222
0.651
09/10/2024
06652CHBO
1227
BankWest Inc
09/27/2019
248,000.00
242,180.41
248,000.00
1.700
1,827
239
1.702
09/27/2024
05584CJJ6
1533
BNY Mellon
09/07/2023
244,000.00
248,080.09
244,000.00
4.500
1,827
1,680
4.505
09/07/2028
108622NJ6
1479
Bridgewater Bank
03/29/2023
248,000.00
251,785.59
248,000.00
4.850
1,461
1,152
4.767
03/29/2027
130162BL3
1564
California Credit Union
12/28/2023
244,000.00
244,115.70
244,000.00
5.100
550
515
5.105
06/30/2025
14042RQBO
1346
Capital One Natl Assn FDIC4297
11/17/2021
248,000.00
227,909.42
248,000.00
1.100
1,826
1,020
1.101
11/17/2026
14042TDD6
1271
Capital One USA FDIC33954
04/08/2020
245,000.00
234,875.45
245,000.00
1.600
1,826
432
1.601
04/08/2025
14622LAAO
1316
Carter FCU
04/27/2021
248,000.00
226,833.70
248,000.00
0.750
1,826
816
0.750
04/27/2026
20033A3A2
1386
Comenity Capital Bank
04/14/2022
248,000.00
231,693.82
248,000.00
2.650
1,826
1,168
2.652
04/14/2027
15118RRH2
1220
Celtic Bank
08/30/2019
248,000.00
243,021.73
248,000.00
1.850
1,827
211
1.852
08/30/2024
156634AK3
1184
Century Next Bank
05/29/2019
248,000.00
245,624.61
248,000.00
2.500
1,827
118
2.503
05/29/2024
152577BN1
1493
Central Bank
05/12/2023
248,000.00
246,280.21
248,000.00
4.000
1,827
1,562
4.005
05/12/2028
169894AS1
1284
Chippewa Valley Bk
06/24/2020
248,000.00
233,247.45
248,000.00
0.600
1,826
509
0.600
06/24/2025
16141BAC5
1506
Chartway FCU
06/09/2023
248,000.00
249,481.68
248,000.00
4.900
1,096
859
4.905
06/09/2026
12547CBJ6
1497
CIBC Bank USA
05/16/2023
244,000.00
245,642.91
244,000.00
4.350
1,827
1,566
4.355
05/16/2028
17286TAGO
1252
Citadel FCU
02/27/2020
248,000.00
238,686.41
248,000.00
1.650
1,827
392
1.652
02/27/2025
2027506M2
1268
Commonwealth Business Bk
03/31/2020
248,000.00
236,836.74
248,000.00
1.250
1,826
424
1.251
03/31/2025
20825WAR1
1357
Connexus CU
12/23/2021
249,000.00
223,905.93
249,000.00
1.250
1,826
1,056
1.250
12/23/2026
22258JAB7
1430
County Schools FCU
09/30/2022
248,000.00
249,554.72
248,000.00
4.400
1,826
1,337
4.325
09/30/2027
20416TAQ5
1202
Communitywide FCU
06/28/2019
248,000.00
244,849.63
248,000.00
2.250
1,827
148
2.253
06/28/2024
20786ADL6
1334
Connect One
09/24/2021
248,000.00
222,249.64
248,000.00
0.800
1,826
966
0.800
09/24/2026
176688CP2
1199
Citizens State Bank
06/21/2019
248,000.00
245,140.42
248,000.00
2.400
1,827
141
2.403
06/21/2024
23204HP138
1507
Customers Bank
06/14/2023
244,000.00
254,223.87
244,000.00
4.500
1,827
1,595
4.505
06/14/2028
23248UAB3
1494
Cy -Fair FCU
05/12/2023
248,000.00
251,158.58
248,000.00
4.500
1,827
1,562
4.505
05/12/2028
24773RCR4
1377
Delta Natl B&T
03/09/2022
245,000.00
224,700.46
245,000.00
2.000
1,814
1,120
2.001
02/25/2027
Portfolio CITY
CP
Run Date: 05/17/2024 - 12:17
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
January 31, 2024
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
25460FDW3
1438
Direct FCU
11/07/2022
248,000.00
249,854.85
248,000.00
4.800
1,827
1,376
4.735 11/08/2027
254673E69
1392
Discover Bank Greenwood DE CF
05/24/2022
245,000.00
238,695.73
245,000.00
3.100
1,099
481
3.103 05/27/2025
25844MAK4
1447
Dort Financial CU
12/16/2022
247,000.00
246,674.74
247,000.00
4.500
1,826
1,414
4.503 12/16/2027
27004PCM3
1375
Eaglemark Savings
03/02/2022
245,000.00
224,646.85
245,000.00
2.000
1,826
1,125
2.001 03/02/2027
291916AJ3
1555
Empower FCU
11/15/2023
247,000.00
259,996.75
247,000.00
5.250
1,827
1,749
5.255 11/15/2028
299547AQ2
1196
Liberty FCU F/K/A Evansville T
06/12/2019
248,000.00
245,500.76
248,000.00
2.600
1,827
132
2.603 06/12/2024
87270LDL4
1306
TIAA F/K/A EverBank
02/12/2021
245,000.00
223,970.32
245,000.00
0.500
1,826
742
0.500 02/12/2026
300185LM5
1457
Evergreen Bank Group
01/27/2023
248,000.00
241,641.29
248,000.00
3.850
1,277
907
3.849 07/27/2026
307811DF3
1363
Farmers & Merch
01/14/2022
249,000.00
234,209.92
249,000.00
0.900
1,277
529
0.900 07/14/2025
30960QAR8
1526
Farmers Insurance Group FCU
07/26/2023
248,000.00
250,461.05
248,000.00
5.400
733
543
5.408 07/28/2025
31617CAV5
1317
Fidelity Homestead
04/30/2021
248,000.00
225,413.16
248,000.00
0.700
1,826
819
0.711 04/30/2026
33847E3A3
1276
Flagstar
04/30/2020
248,000.00
236,245.00
248,000.00
1.250
1,826
454
1.251 04/30/2025
34520LATO
1435
Forbright Bank
11/02/2022
248,000.00
248,032.81
248,000.00
4.600
1,826
1,370
4.602 11/02/2027
319137CB9
1562
First Bank
12/28/2023
244,000.00
243,242.31
244,000.00
4.450
729
694
4.456 12/26/2025
35637RDC8
1248
Freedom Financial
02/14/2020
248,000.00
238,675.62
248,000.00
1.550
1,827
379
1.552 02/14/2025
35089LAFO
1491
Four Points FCU
05/10/2023
248,000.00
247,350.17
248,000.00
4.550
1,097
830
4.443 05/11/2026
372348DJ8
1556
The Genoa Banking Company
11/28/2023
248,000.00
254,116.49
248,000.00
4.600
1,827
1,762
4.605 11/28/2028
37173RAL7
1561
Genesee Regional Bank
12/27/2023
244,000.00
242,871.10
244,000.00
4.200
1,097
1,061
3.638 12/28/2026
38149MXK4
1326
Goldman Sachs
07/28/2021
248,000.00
224,666.92
248,000.00
1.000
1,826
908
1.001 07/28/2026
38120MCA2
1511
Golden State Business Bank
06/22/2023
249,000.00
250,413.48
249,000.00
4.450
1,461
1,237
4.453 06/22/2027
39573LBC1
1313
Greenstate FCU
04/16/2021
249,000.00
228,017.87
249,000.00
0.950
1,826
805
0.951 04/16/2026
397417AQ9
1419
Greenwoods State Bank
05/17/2022
248,000.00
234,649.84
248,000.00
3.050
1,826
1,201
3.052 05/17/2027
42228LAN1
1547
Healthcare Systems FCU
10/27/2023
248,000.00
259,384.41
248,000.00
5.100
1,827
1,730
5.106 10/27/2028
45157PAZ3
1450
Ideal CU
12/29/2022
248,000.00
247,793.37
248,000.00
4.500
1,826
1,427
4.502 12/29/2027
46256YAZ2
1186
Iowa State Bank
05/23/2019
245,000.00
242,690.01
245,000.00
2.400
1,827
112
2.403 05/23/2024
472312AA5
1514
Jeep Country FCU
06/29/2023
248,000.00
251,079.55
248,000.00
4.700
1,461
1,244
4.704 06/29/2027
48128HXU7
1185
JP Morgan Chase
05/16/2019
245,000.00
243,444.95
245,000.00
3.250
1,827
105
3.254 05/16/2024
49306SJ56
1475
Kay Bank, N.A.
03/15/2023
244,000.00
244,329.63
244,000.00
5.000
733
410
5.008 03/17/2025
499724AP7
1532
Knoxville TVA Credit Union
08/25/2023
248,000.00
256,166.08
248,000.00
4.850
1,827
1,667
4.854 08/25/2028
51828MAC8
1449
Latino Comm. CU
12/21/2022
248,000.00
247,683.26
248,000.00
4.500
1,826
1,419
4.503 12/21/2027
530520AH8
1466
Liberty First CU
02/21/2023
248,000.00
251,325.98
248,000.00
4.500
1,827
1,482
4.504 02/22/2028
501798RP9
1356
Milestone Bk F/K/A LCA Bank Co
12/27/2021
248,000.00
225,819.97
248,000.00
1.000
1,642
876
1.000 06/26/2026
52168UHY1
1389
Leader Bank
04/22/2022
245,000.00
237,392.25
245,000.00
2.550
1,096
446
2.552 04/22/2025
52171MAM7
1549
Leaders Credit Union
10/30/2023
248,000.00
257,393.37
248,000.00
5.100
1,827
1,733
5.106 10/30/2028
52470QEC4
1539
Legacy Bank & Trust
09/27/2023
248,000.00
252,742.07
248,000.00
4.500
1,827
1,700
4.505 09/27/2028
524661CB9
1197
Legacy Bank
06/19/2019
248,000.00
245,180.20
248,000.00
2.400
1,827
139
2.403 06/19/2024
Portfolio CITY
CID
Run Date: 05/17/2024 - 12:17
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
January 31, 2024
Page 8
CUSIP
Investment #
Average
Issuer Balance
Purchase
Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM
365
Maturity
Date
Certificate of
Deposits
50625LAW3
1384
Lafayette FCU
03/30/2022
248,000.00
246,700.55
248,000.00
2.050
729
56
2.053
03/28/2024
538036GVO
1238
Live Oak Bank
11/27/2019
248,000.00
245,081.60
248,000.00
1.800
1,644
117
1.802
05/28/2024
51507LCC6
1305
Simmons Bank, F/K/A Landmark
01/22/2021
248,000.00
227,107.27
248,000.00
0.500
1,826
721
0.500
01/22/2026
560507AQ8
1522
Maine Savings FCU
07/21/2023
248,000.00
255,337.44
248,000.00
4.800
1,827
1,632
4.806
07/21/2028
56065GAG3
1188
Main Street Bank
04/26/2019
248,000.00
246,343.29
248,000.00
2.600
1,827
85
2.603
04/26/2024
58404DTP6
1545
Medallion Bank
10/20/2023
248,000.00
262,256.41
248,000.00
4.850
1,827
1,723
4.855
10/20/2028
59161YAP1
1373
Metro Credit Union
02/18/2022
249,000.00
226,092.63
249,000.00
1.700
1,826
1,113
1.701
02/18/2027
59524LAA4
1474
Mid Carolina Credit Union
03/13/2023
248,000.00
249,244.58
248,000.00
4.850
1,096
771
4.855
03/13/2026
60425SKB4
1486
Minnwest Bank
05/01/2023
248,000.00
247,425.87
248,000.00
4.250
1,463
1,187
4.254
05/03/2027
60936TAL3
1538
Money One FCU
09/14/2023
248,000.00
257,892.46
248,000.00
5.000
1,827
1,687
5.005
09/14/2028
61690UNX4
1237
Morgan Stanley Bank
11/20/2019
245,000.00
238,630.72
245,000.00
1.950
1,827
293
1.952
11/20/2024
59013KPNO
1345
Merrick Bank
11/09/2021
249,000.00
223,917.15
249,000.00
1.100
1,826
1,012
1.101
11/09/2026
565819AG4
1379
Marathon Bank
03/16/2022
248,000.00
225,636.58
248,000.00
1.800
1,826
1,139
1.801
03/16/2027
61760A3B3
1236
Morgan Stanley Private Bk, NA
11/20/2019
245,000.00
238,534.24
245,000.00
1.900
1,827
293
1.902
11/20/2024
62384RAT3
1485
Mountain America Federal CU
04/28/2023
248,000.00
248,823.52
248,000.00
4.700
1,096
817
4.705
04/28/2026
654062JZ2
1266
Nicolet Natl Bank
03/31/2020
248,000.00
237,262.68
248,000.00
1.400
1,826
424
1.401
03/31/2025
64034KAZ4
1376
Nelnet Bank
03/02/2022
245,000.00
229,789.40
245,000.00
1.800
1,461
760
1.801
03/02/2026
666613MK7
1544
Northpointe Bank
10/20/2023
248,000.00
256,645.58
248,000.00
4.850
1,827
1,723
4.855
10/20/2028
66736ABP3
1181
Northwest Bank
02/13/2019
248,000.00
247,782.09
248,000.00
2.950
1,826
12
2.951
02/13/2024
67886WAJ6
1559
Oklahoma Credit Union
12/14/2023
248,000.00
248,311.00
248,000.00
5.700
183
134
5.716
06/14/2024
69506YRH4
1269
Pacific Western Bk/Banc of CA
04/16/2020
245,000.00
242,882.44
245,000.00
1.300
1,461
75
1.301
04/16/2024
70962LAF9
1331
Pentagon FCU
09/01/2021
249,000.00
232,306.39
249,000.00
0.700
1,462
579
0.687
09/02/2025
710571DS6
1210
People's Bank
07/31/2019
248,000.00
243,902.00
248,000.00
2.000
1,827
181
2.002
07/31/2024
724468AC7
1483
Pitney Bowes Bank
04/14/2023
244,000.00
246,163.23
244,000.00
4.350
1,826
1,533
4.355
04/13/2028
72651LCL6
1195
Plains Commerce Bank
06/07/2019
245,000.00
242,580.11
245,000.00
2.550
1,827
127
2.553
06/07/2024
732329BD8
1425
Ponce Bank
09/15/2022
248,000.00
238,371.71
248,000.00
3.500
1,826
1,322
3.502
09/15/2027
740367HP5
1213
Preferred Bank
08/16/2019
249,000.00
244,528.14
249,000.00
2.000
1,827
197
2.002
08/16/2024
761402BY1
1203
Revere Bank
06/28/2019
247,000.00
243,927.99
247,000.00
2.300
1,827
148
2.303
06/28/2024
77579ADFO
1251
Rollstone B&T
02/12/2020
245,000.00
244,692.47
245,000.00
1.650
1,461
11
1.651
02/12/2024
77357DADO
1560
Rockland Federal Credit Union
12/22/2023
248,000.00
249,519.27
248,000.00
4.600
1,096
1,055
4.604
12/22/2026
795451AFO
1327
Sallie Mae Bank Salt Lake City
07/28/2021
248,000.00
225,068.01
248,000.00
1.000
1,826
908
1.001
07/28/2026
804375DL4
1235
Sauk Valley B&T Co
11/07/2019
248,000.00
241,318.21
248,000.00
1.700
1,827
280
1.702
11/07/2024
843383CS7
1498
Southern Bank Poplar MO
05/17/2023
248,000.00
248,928.18
248,000.00
4.200
1,827
1,567
4.205
05/17/2028
80865MAB3
1454
Scient FCU
01/13/2023
248,000.00
245,391.03
248,000.00
4.650
731
347
4.656
01/13/2025
79772FAG1
1459
San Francisco FCU
02/03/2023
248,000.00
246,753.24
248,000.00
4.350
1,826
1,463
4.352
02/03/2028
82671DAB3
1458
Signature FCU
01/31/2023
248,000.00
247,186.23
248,000.00
4.400
1,826
1,460
4.402
01/31/2028
Portfolio CITY
CID
Run Date: 05/17/2024 - 12:17
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
January 31, 2024
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
Certificate of
Deposits
78472EABO
1455
SPCO Credit Union
01/20/2023
249,000.00
250,789.94
249,000.00
4.350
1,826
1,449
4.352
01/20/2028
849430BF9
1257
Spring Bank
03/20/2020
248,000.00
237,786.55
248,000.00
1.500
1,826
413
1.501
03/20/2025
84229LBA9
1434
Southern Bank Sardis GA
10/28/2022
244,000.00
240,893.05
244,000.00
4.250
1,188
727
4.254
01/28/2026
84223QAN7
1286
Southern Bancorp Bk
06/26/2020
248,000.00
239,400.14
248,000.00
0.500
1,582
267
0.500
10/25/2024
85279AAC6
1509
St Vincent Med Center FCU
06/16/2023
248,000.00
250,549.45
248,000.00
4.600
1,461
1,231
4.604
06/16/2027
87165ET98
1332
Synchrony Bank Retail
09/03/2021
245,000.00
224,448.24
245,000.00
0.900
1,826
945
0.900
09/03/2026
89388CEYO
1328
Transportation Alliance Bk TAB
07/23/2021
248,000.00
235,156.73
248,000.00
0.400
1,280
357
0.401
01/23/2025
87868YAQ6
1501
Technology Credit Union
05/30/2023
248,000.00
249,967.57
248,000.00
5.000
1,095
848
5.005
05/29/2026
882213AB7
1260
Texas Bank Financial
03/31/2020
245,000.00
243,345.84
245,000.00
1.100
1,458
56
1.101
03/28/2024
472382AQ3
1272
The Jefferson Bank
04/15/2020
248,000.00
245,861.63
248,000.00
1.250
1,461
74
1.251
04/15/2024
89235MKY6
1314
Toyota Financial Savings Bank
04/22/2021
245,000.00
224,129.19
245,000.00
0.900
1,826
811
0.900
04/22/2026
89789AAG2
1473
Truliant FCU
03/10/2023
248,000.00
251,414.75
248,000.00
4.700
1,645
1,317
4.707
09/10/2027
89841MAX5
1563
Trustone Financial CU
12/28/2023
248,000.00
247,222.92
248,000.00
5.150
365
330
5.164
12/27/2024
89786MAF1
1368
True Sky FCU
02/04/2022
245,000.00
222,133.34
245,000.00
1.600
1,826
1,099
1.601
02/04/2027
898812AC6
1537
Tucson FCU
09/08/2023
248,000.00
257,833.66
248,000.00
5.000
1,827
1,681
5.005
09/08/2028
90355GHG4
1546
UBS Bank USA
10/25/2023
248,000.00
255,121.50
248,000.00
4.900
1,827
1,728
4.905
10/25/2028
909557KQ2
1477
United Bankers Bank
03/16/2023
248,000.00
248,292.00
248,000.00
5.000
732
410
4.823
03/17/2025
914098DJ4
1442
University Bank
11/30/2022
249,000.00
245,814.26
249,000.00
4.200
1,826
1,398
4.202
11/30/2027
914242AAO
1429
University Credit Union
09/26/2022
248,000.00
244,037.77
248,000.00
4.000
1,096
603
3.891
09/26/2025
91527PBY2
1495
Univest Bank & Trust
05/12/2023
248,000.00
249,695.07
248,000.00
4.350
1,827
1,562
4.355
05/12/2028
90983WBT7
1249
United Community
02/07/2020
248,000.00
239,080.79
248,000.00
1.650
1,827
372
1.652
02/07/2025
910286GN7
1513
United Fidelity Bank
06/29/2023
248,000.00
258,378.89
248,000.00
4.500
1,827
1,610
4.505
06/29/2028
91139LAB2
1378
United Roosevelt Savings
03/11/2022
248,000.00
226,407.36
248,000.00
1.900
1,826
1,134
1.901
03/11/2027
90352RDB8
1500
US Alliance FCU
05/26/2023
248,000.00
251,769.82
248,000.00
4.550
1,827
1,576
4.555
05/26/2028
91739JAB1
1523
Utah First FCU
07/21/2023
245,000.00
254,257.69
245,000.00
5.000
1,827
1,632
5.006
07/21/2028
913065ADO
1553
United Teletech Financial FCU
11/08/2023
248,000.00
255,859.26
248,000.00
5.100
1,461
1,376
5.103
11/08/2027
92559TAJ7
1325
Vibrant Credit Union
07/02/2021
249,000.00
227,800.50
248,377.50
0.800
1,824
880
0.852
06/30/2026
92834ABT2
1496
VisionBank
05/12/2023
248,000.00
244,664.27
248,000.00
4.050
1,827
1,562
4.055
05/12/2028
92023CAJ2
1552
ValleyStar Credit Union
11/08/2023
247,000.00
259,539.31
247,000.00
5.200
1,827
1,742
5.205
11/08/2028
92891CCZ3
1472
VystarCU
03/10/2023
248,000.00
251,110.41
248,000.00
4.550
1,827
1,499
4.555
03/10/2028
949763XY7
1174
Wells Fargo
02/27/2019
248,000.00
247,558.77
248,000.00
3.000
1,826
26
3.001
02/27/2024
98138MCA6
1548
Workers FCU
10/30/2023
248,000.00
260,281.62
248,000.00
5.200
1,827
1,733
5.206
10/30/2028
93882861-12
1215
Washington Federal
08/23/2019
248,000.00
243,391.25
248,000.00
2.000
1,827
204
2.002
08/23/2024
95960NKD8
1277
Western State Bank
05/13/2020
245,000.00
233,441.13
245,000.00
1.000
1,826
467
1.001
05/13/2025
Subtotal and Average 41,442,022.66
41,052,000.00
40,270,366.17
41,051,377.50
1,648
871
3.005
Portfolio CITY
CP
Run Date: 05/17/2024 - 12:17
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Page 10
Portfolio Details - Investments
January 31, 2024
Average
Purchase
Stated
Days to
YTM Maturity
CUSIP
Investment # Issuer Balance
Date Par Value Market Value
Book Value
Rate
Term Maturity
365 Date
Corporate Notes
45950VPS9
1308 International Finance Corp.
02/26/2021 500,000.00 458,665.00
497,300.00
0.500
1,826 756
0.610 02/26/2026
931142EE9
1512 Wal-Mart Stores, Inc
06/26/2023 1,000,000.00 984,760.00
973,110.00
3.700
1,827 1,607
4.303 06/26/2028
Subtotal and Average 1,470,410.00
1,500,000.00 1,443,425.00
1,470,410.00
1,827 1,319
3.054
Money Market with Fiscal Agent
SYS1058 1058 US Bank
Subtotal and Average
07/01 /2016
13,960.82
CERBT - OPEB Trust
SYS1114 1114 CalPERS CERBT Plan 07/01/2023
Subtotal and Average 1,955,099.21
PARS Pension Trust
SYS1230 1230 Pblc Agncy Rtrmnt Sery
Subtotal and Average 5,543,890.19
Total and Average 229,650,268.35
Run Date: 05/17/2024 - 12:17
14,016.10
14,016.10
14,016.10
14,016.10
1,955,099.21
1,955,099.21
1, 955, 099.21
1, 955, 099.21
5,530,137.46
5,530,137.46
14,016.10
14,016.10
1, 955, 099.21
1,955,099.21
5,530,137.46
5,530,137.46 5,530,137.46 5,530,137.46
247,445,222.14 242,659,082.79 246,058,476.86
1 1 0.000
1 1 0.000
1 1 0.000
1 1 0.000
1 1 0.000
1 1 0.000
878 480 3.305
Portfolio CITY
CID
PM (PRF_PM2) 7.3.0
GEM of the DESERT -
City of La Quinta
Total Earnings
Sorted by Fund - Fund
January 1, 2024 - January 31, 2024
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
19,669,740.01
14,507,754.14
19,669,740.01
4.012
4.451
54,847.06
0.00
0.00
54,847.06
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
1,955,099.21
1,955,099.21
1,955,099.21
0.00
0.00
0.00
0.00
SYS1153
1153
101
CAMP
30,273,452.87
30,132,190.61
30,273,452.87
5.540
5.520
141,262.26
0.00
0.00
141,262.26
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
1,041.66
0.00
0.00
1,041.66
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
499.39
0.00
0.00
499.39
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
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
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
0.00
248,000.00
0.00
2.000
2.000
394.08
0.00
0.00
394.08
33625CCP2
1209
101
1STSEC
248,000.00
248,000.00
248,000.00
2.000
2.000
421.26
0.00
0.00
421.26
710571DS6
1210
101
PEOPLE
248,000.00
248,000.00
248,000.00
2.000
2.000
421.26
0.00
0.00
421.26
3133EKWV4
1212
101
FFCB
500,000.00
499,500.00
499,500.00
1.850
1.817
770.83
0.00
0.00
770.83
740367HP5
1213
101
PREFRD
249,000.00
249,000.00
249,000.00
2.000
2.000
422.96
0.00
0.00
422.96
938828BH2
1215
101
WSHFED
248,000.00
248,000.00
248,000.00
2.000
2.000
421.26
0.00
0.00
421.26
33766LAJ7
1216
101
1STIER
249,000.00
249,000.00
249,000.00
1.950
1.950
412.38
0.00
0.00
412.38
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
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
Run Date: 05/17/2024 - 12:19
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, 2024 - January 31, 2024
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
06652CHB0
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
13,971,997.84
5,699,749.19
13,971,997.84
0.01
0.00
0.00
0.01
SYS1230
1230
101
PARS
5,530,137.46
5,544,348.61
5,530,137.46
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
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
61760A3B3
1236
101
MSPRIV
245,000.00
245,000.00
245,000.00
1.900
1.900
395.36
0.00
0.00
395.36
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
538036GV0
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
1.511
1,270.49
0.00
0.00
1,270.49
3133ELEA8
1242
101
FFCB
1,000,000.00
998,600.00
998,600.00
1.700
1.670
1,416.67
0.00
0.00
1,416.67
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
1STNM1
248,000.00
248,000.00
248,000.00
1.650
1.650
347.54
0.00
0.00
347.54
77579ADFO
1251
101
RLLSTN
245,000.00
245,000.00
245,000.00
1.650
1.650
343.33
0.00
0.00
343.33
17286TAG0
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
337.01
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
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
253.78
0.00
0.00
253.78
32112UDR9
1274
101
1STMCG
248,000.00
248,000.00
248,000.00
1.350
1.350
284.35
0.00
0.00
284.35
33847E3A3
1276
101
FLGSTR
248,000.00
248,000.00
248,000.00
1.250
1.250
263.29
0.00
0.00
263.29
95960NKD8
1277
101
WSTRNS
245,000.00
245,000.00
245,000.00
1.000
1.000
208.08
0.00
0.00
208.08
32056GDJ6
1278
101
1STINT
248,000.00
248,000.00
248,000.00
1.000
1.000
210.63
0.00
0.00
210.63
3134GVYG7
1279
101
FHLMC
1,000,000.00
1,000,000.00
1,000,000.00
0.625
0.613
520.83
0.00
0.00
520.83
3133ELH23
1280
101
FFCB
500,000.00
499,850.00
499,850.00
0.500
0.491
208.33
0.00
0.00
208.33
3130AJKW8
1281
101
FHLB
500,000.00
499,850.00
499,850.00
0.500
0.491
208.33
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
Run Date: 05/17/2024 - 12:19
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings Page 3
January 1, 2024 - January 31, 2024
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
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
84223QAN7
1286
101
STHRNB
248,000.00
248,000.00
248,000.00
0.500
0.500
105.32
0.00
0.00
105.32
064520BG3
1287
101
BKPRNC
248,000.00
248,000.00
248,000.00
0.500
0.500
105.32
0.00
0.00
105.32
3135G05S8
1288
101
FNMA
500,000.00
500,000.00
500,000.00
0.500
0.491
208.33
0.00
0.00
208.33
3136G4N74
1289
101
FNMA
1,000,000.00
1,000,000.00
1,000,000.00
0.560
0.549
466.67
0.00
0.00
466.67
3136G4M75
1290
101
FNMA
500,000.00
499,750.00
499,750.00
0.520
0.510
216.66
0.00
0.00
216.66
3135G06E8
1291
101
FNMA
500,000.00
499,250.00
499,250.00
0.420
0.413
175.00
0.00
0.00
175.00
3135GA2Z3
1292
101
FNMA
500,000.00
499,250.00
499,250.00
0.560
0.550
233.34
0.00
0.00
233.34
SYS1293
1293
101
BNY
2,820,127.19
1,319,319.64
2,820,127.19
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
0.377
159.69
0.00
0.00
159.69
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
158.00
0.00
0.00
158.00
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
0.256
212.92
0.00
0.00
212.92
3130ALV92
1312
101
FHLB
500,000.00
500,000.00
500,000.00
1.050
1.030
437.50
0.00
0.00
437.50
39573LBC1
1313
101
GRNST
249,000.00
249,000.00
249,000.00
0.950
0.950
200.91
0.00
0.00
200.91
89235MKY6
1314
101
TOYFSB
245,000.00
245,000.00
245,000.00
0.900
0.900
187.27
0.00
0.00
187.27
91282CAZ4
1315
101
USTR
500,000.00
492,187.50
492,187.50
0.375
0.380
158.82
0.00
0.00
158.82
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
928,031.62
896,553.20
928,031.62
0.00
0.00
0.00
0.00
91282CBQ3
1319
101
USTR
500,000.00
494,165.00
494,165.00
0.500
0.507
212.91
0.00
0.00
212.91
91282CBT7
1320
101
USTR
500,000.00
499,525.00
499,525.00
0.750
0.749
317.62
0.00
0.00
317.62
91282CCF6
1321
101
USTR
1,000,000.00
997,060.00
997,060.00
0.750
0.750
635.24
0.00
0.00
635.24
91282CBT7
1322
101
USTR
500,000.00
498,450.00
498,450.00
0.750
0.750
317.62
0.00
0.00
317.62
91282CCF6
1323
101
USTR
500,000.00
497,095.00
497,095.00
0.750
0.752
317.62
0.00
0.00
317.62
Run Date: 05/17/2024 - 12:19
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, 2024 - January 31, 2024
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
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
89388CEY0
1328
101
TABBK
248,000.00
248,000.00
248,000.00
0.400
0.400
84.25
0.00
0.00
84.25
06417NZQ9
1329
101
BKOZK
248,000.00
248,000.00
248,000.00
0.400
0.400
84.25
0.00
0.00
84.25
3133EM2C5
1330
101
FFCB
500,000.00
498,000.00
498,000.00
0.710
0.699
295.83
0.00
0.00
295.83
70962LAF9
1331
101
PENTGN
249,000.00
249,000.00
249,000.00
0.700
0.700
148.04
0.00
0.00
148.04
87165ET98
1332
101
SYNCHR
245,000.00
245,000.00
245,000.00
0.900
0.900
187.28
0.00
0.00
187.28
05580AD50
1333
101
BMW
245,000.00
245,000.00
245,000.00
0.650
0.650
135.26
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
526.68
0.00
0.00
526.68
91282CCW9
1336
101
USTR
1,000,000.00
988,500.00
988,500.00
0.750
0.761
638.74
0.00
0.00
638.74
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
91282CBE0
1342
101
USTR
0.00
991,000.00
0.00
0.125
23.802
47.55
0.00
9,000.00
9,047.55
91282CDB4
1343
101
USTR
1,000,000.00
996,320.00
996,320.00
0.625
0.626
529.37
0.00
0.00
529.37
3133ENCQ1
1344
101
FFCB
1,000,000.00
1,000,000.00
1,000,000.00
1.270
1.246
1,058.33
0.00
0.00
1,058.33
59013KPN0
1345
101
MRRCK
249,000.00
249,000.00
249,000.00
1.100
1.100
232.63
0.00
0.00
232.63
14042RQB0
1346
101
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
2.000
1.964
833.33
0.00
0.00
833.33
91282CBR1
1352
101
USTR
1,000,000.00
989,800.00
989,800.00
0.250
0.253
212.91
0.00
0.00
212.91
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
0.378
158.81
0.00
0.00
158.81
3137EAEU9
1361
101
FHLMC
500,000.00
487,090.00
487,090.00
0.375
0.378
156.25
0.00
0.00
156.25
3134GW5R3
1362
101
FHLMC
400,000.00
391,360.00
391,360.00
0.650
0.652
216.67
0.00
0.00
216.67
307811DF3
1363
101
FARMER
249,000.00
249,000.00
249,000.00
0.900
0.900
190.33
0.00
0.00
190.33
3130AQJR5
1364
101
FHLB
1,000,000.00
1,000,000.00
1,000,000.00
1.500
1.472
1,250.00
0.00
0.00
1,250.00
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
Run Date: 05/17/2024 - 12:19
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, 2024 - January 31, 2024
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
1.796
1,525.00
0.00
0.00
1,525.00
89786MAF1
1368
101
TRUSKY
245,000.00
245,000.00
245,000.00
1.600
1.600
332.93
0.00
0.00
332.93
912828Z78
1369
101
USTR
1,000,000.00
986,700.00
986,700.00
1.500
1.508
1,264.04
0.00
0.00
1,264.04
07371AYE7
1370
101
BEALTX
245,000.00
245,000.00
245,000.00
1.900
1.900
395.35
0.00
0.00
395.35
073710E88
1371
101
BEALUS
245,000.00
245,000.00
245,000.00
1.900
1.900
395.35
0.00
0.00
395.35
02357QAQ0
1372
101
AMRNT
245,000.00
245,000.00
245,000.00
1.600
1.600
332.93
0.00
0.00
332.93
59161YAP1
1373
101
METRO
249,000.00
249,000.00
249,000.00
1.700
1.700
359.52
0.00
0.00
359.52
3130AQWY5
1374
101
FHLB
1,000,000.00
1,000,000.00
1,000,000.00
1.700
1.668
1,416.67
0.00
0.00
1,416.67
27004PCM3
1375
101
EGLMRK
245,000.00
245,000.00
245,000.00
2.000
2.000
416.16
0.00
0.00
416.16
64034KAZ4
1376
101
NELNET
245,000.00
245,000.00
245,000.00
1.800
1.800
374.54
0.00
0.00
374.54
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
0.806
319.37
0.00
0.00
319.37
91282CDG3
1381
101
USTR
500,000.00
473,396.82
473,396.82
1.125
1.192
479.06
0.00
0.00
479.06
91282CBQ3
1382
101
USTR
750,000.00
698,025.00
698,025.00
0.500
0.539
319.37
0.00
0.00
319.37
912828654
1383
101
USTR
1,000,000.00
999,010.00
999,010.00
2.375
2.384
2,022.66
0.00
0.00
2,022.66
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
2.290
1,916.21
0.00
0.00
1,916.21
91282CEF4
1391
101
USTR
1,000,000.00
976,860.00
976,860.00
2.500
2.552
2,117.49
0.00
0.00
2,117.49
254673E69
1392
101
DISCOV
245,000.00
245,000.00
245,000.00
3.100
3.100
645.06
0.00
0.00
645.06
912828X88
1397
101
USTR
1,000,000.00
969,687.50
969,687.50
2.375
2.456
2,022.67
0.00
0.00
2,022.67
91282CEN7
1398
101
USTR
500,000.00
495,000.00
495,000.00
2.750
2.785
1,171.02
0.00
0.00
1,171.02
91282CET4
1399
101
USTR
500,000.00
491,842.18
491,842.18
2.625
2.661
1,111.68
0.00
0.00
1,111.68
91282821.13
1400
101
USTR
500,000.00
490,850.00
490,850.00
1.875
1.915
798.42
0.00
0.00
798.42
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
0.00
246,000.00
0.00
3.000
3.000
424.60
0.00
0.00
424.60
91282CFB2
1417
101
USTR
1,000,000.00
989,460.00
989,460.00
2.750
2.758
2,317.40
0.00
0.00
2,317.40
912828XT2
1418
101
USTR
1,000,000.00
985,240.00
985,240.00
2.000
2.024
1,693.99
0.00
0.00
1,693.99
397417AQ9
1419
101
GRNWDS
248,000.00
248,000.00
248,000.00
3.050
3.050
642.42
0.00
0.00
642.42
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
Run Date: 05/17/2024 - 12:19
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, 2024 - January 31, 2024
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
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
91282CF132
1422
101
USTR
1,000,000.00
979,645.67
979,645.67
2.750
2.785
2,317.40
0.00
0.00
2,317.40
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
926.77
0.00
0.00
926.77
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
34520LATO
1435
101
FORBRT
248,000.00
248,000.00
248,000.00
4.600
4.600
968.90
0.00
0.00
968.90
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
9128282RO
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
3133EN3H1
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
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
944.01
0.00
0.00
944.01
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
947.84
0.00
0.00
947.84
01882MAC6
1451
101
ALIANT
247,000.00
247,000.00
247,000.00
5.000
5.000
1,048.90
0.00
0.00
1,048.90
80865MAB3
1454
101
SCIENT
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
3.203
1,330.70
0.00
0.00
1,330.70
3001851-M5
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
3.485
2,949.41
0.00
0.00
2,949.41
3133EPAV7
1464
101
FFCB
1,000,000.00
995,400.00
995,400.00
3.875
3.820
3,229.16
0.00
0.00
3,229.16
91282CEW7
1465
101
USTR
1,000,000.00
967,220.00
967,220.00
3.250
3.369
2,767.85
0.00
0.00
2,767.85
530520AH8
1466
101
LBRTY1
248,000.00
248,000.00
248,000.00
4.500
4.500
947.84
0.00
0.00
947.84
09582YAF9
1467
101
BLURDG
244,000.00
244,000.00
244,000.00
4.200
4.200
870.38
0.00
0.00
870.38
011852AE0
1469
101
ALASKA
248,000.00
248,000.00
248,000.00
4.600
4.600
968.90
0.00
0.00
968.90
92891CCZ3
1472
101
VYSTAR
248,000.00
248,000.00
248,000.00
4.550
4.550
958.37
0.00
0.00
958.37
89789AAG2
1473
101
TRUFCU
248,000.00
248,000.00
248,000.00
4.700
4.700
989.96
0.00
0.00
989.96
59524LAA4
1474
101
MIDCAR
248,000.00
248,000.00
248,000.00
4.850
4.850
1,021.56
0.00
0.00
1,021.56
49306SJ56
1475
101
KEYBNK
244,000.00
244,000.00
244,000.00
5.000
5.000
1,036.17
0.00
0.00
1,036.17
064860MCO
1476
101
BKSIER
244,000.00
244,000.00
244,000.00
4.600
4.600
953.27
0.00
0.00
953.27
Run Date: 05/17/2024 - 12:19
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, 2024 - January 31, 2024
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
909557KQ2
1477
101
UNBKRS
248,000.00
248,000.00
248,000.00
5.000
5.000
1,053.15
0.00
0.00
1,053.15
00833JAQ4
1478
101
AFFNTY
248,000.00
248,000.00
248,000.00
4.900
4.900
1,032.09
0.00
0.00
1,032.09
108622NJ6
1479
101
BRIDWA
248,000.00
248,000.00
248,000.00
4.850
4.850
1,021.56
0.00
0.00
1,021.56
3135GAGA3
1480
101
FNMA
2,000,000.00
2,000,000.00
2,000,000.00
5.200
5.102
8,666.67
0.00
0.00
8,666.67
3135GAGK1
1482
101
FNMA
3,000,000.00
3,000,000.00
3,000,000.00
5.050
4.955
12,625.00
0.00
0.00
12,625.00
724468AC7
1483
101
PITBOW
244,000.00
244,000.00
244,000.00
4.350
4.350
901.46
0.00
0.00
901.46
3134GYPJ5
1484
101
FHLMC
1,000,000.00
999,100.00
999,100.00
5.200
5.107
4,333.33
0.00
0.00
4,333.33
62384RAT3
1485
101
MTNAMR
248,000.00
248,000.00
248,000.00
4.700
4.700
989.96
0.00
0.00
989.96
60425SKB4
1486
101
MINWST
248,000.00
248,000.00
248,000.00
4.250
4.250
895.18
0.00
0.00
895.18
35089LAF0
1491
101
FRPNTS
248,000.00
248,000.00
248,000.00
4.550
4.550
958.37
0.00
0.00
958.37
062119BT8
1492
101
BANK59
248,000.00
248,000.00
248,000.00
4.250
4.250
895.18
0.00
0.00
895.18
152577BN1
1493
101
CENTRL
248,000.00
248,000.00
248,000.00
4.000
4.000
842.52
0.00
0.00
842.52
23248UAB3
1494
101
CYFAIR
248,000.00
248,000.00
248,000.00
4.500
4.500
947.84
0.00
0.00
947.84
91527PBY2
1495
101
UNIVST
248,000.00
248,000.00
248,000.00
4.350
4.350
916.24
0.00
0.00
916.24
92834ABT2
1496
101
VISION
248,000.00
248,000.00
248,000.00
4.050
4.050
853.05
0.00
0.00
853.05
12547CBJ6
1497
101
CIBCBK
244,000.00
244,000.00
244,000.00
4.350
4.350
901.47
0.00
0.00
901.47
843383CS7
1498
101
SBPOPM
248,000.00
248,000.00
248,000.00
4.200
4.200
884.65
0.00
0.00
884.65
06610RCA5
1499
101
BANKRS
248,000.00
248,000.00
248,000.00
4.150
4.150
874.12
0.00
0.00
874.12
90352RDB8
1500
101
USAFCU
248,000.00
248,000.00
248,000.00
4.550
4.550
958.37
0.00
0.00
958.37
87868YAQ6
1501
101
TECHCU
248,000.00
248,000.00
248,000.00
5.000
5.000
1,053.15
0.00
0.00
1,053.15
3133EPME2
1505
101
FFCB
1,000,000.00
998,190.00
998,190.00
3.875
3.809
3,229.17
0.00
0.00
3,229.17
16141BAC5
1506
101
CHRTWY
248,000.00
248,000.00
248,000.00
4.900
4.900
1,032.09
0.00
0.00
1,032.09
23204HPB8
1507
101
CUST
244,000.00
244,000.00
244,000.00
4.500
4.500
932.55
0.00
0.00
932.55
91282CGT2
1508
101
USTR
1,000,000.00
984,600.00
984,600.00
3.625
3.672
3,070.35
0.00
0.00
3,070.35
85279AAC6
1509
101
STVINC
248,000.00
248,000.00
248,000.00
4.600
4.600
968.90
0.00
0.00
968.90
01025RAG4
1510
101
ALABAM
248,000.00
248,000.00
248,000.00
5.000
5.000
1,053.15
0.00
0.00
1,053.15
38120MCA2
1511
101
GLDNST
249,000.00
249,000.00
249,000.00
4.450
4.450
941.08
0.00
0.00
941.08
931142EE9
1512
101
WALMRT
1,000,000.00
973,110.00
973,110.00
3.700
3.731
3,083.33
0.00
0.00
3,083.33
910286GN7
1513
101
UNTFDL
248,000.00
248,000.00
248,000.00
4.500
4.500
947.84
0.00
0.00
947.84
472312AA5
1514
101
JEEPCO
248,000.00
248,000.00
248,000.00
4.700
4.700
989.96
0.00
0.00
989.96
31911KAK4
1515
101
1STELK
248,000.00
248,000.00
248,000.00
4.400
4.400
926.77
0.00
0.00
926.77
912828V80
1516
101
USTR
0.00
1,964,400.00
0.00
2.250
24.321
3,668.48
0.00
35,600.00
39,268.48
912828B66
1518
101
USTR
2,000,000.00
1,969,580.00
1,969,580.00
2.750
2.770
4,633.15
0.00
0.00
4,633.15
91282CDV0
1519
101
USTR
0.00
975,600.00
0.00
0.875
31.319
713.32
0.00
24,400.00
25,113.32
05765LBU0
1520
101
BALBOA
248,000.00
248,000.00
248,000.00
4.400
4.400
926.77
0.00
0.00
926.77
6067-001TERM
1521
101
CAMP
20,000,000.00
20,000,000.00
20,000,000.00
5.645
5.645
95,879.18
0.00
0.00
95,879.18
560507AQ8
1522
101
MAINE
248,000.00
248,000.00
248,000.00
4.800
4.800
1,011.02
0.00
0.00
1,011.02
Run Date: 05/17/2024 - 12:19
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, 2024 - January 31, 2024
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
91739JAB1
1523
101
UTH1ST
245,000.00
245,000.00
245,000.00
5.000
5.000
1,040.41
0.00
0.00
1,040.41
91282CGT2
1524
101
USTR
1,000,000.00
990,000.00
990,000.00
3.625
3.652
3,070.35
0.00
0.00
3,070.35
91282CHA2
1525
101
USTR
1,000,000.00
985,000.00
985,000.00
3.500
3.563
2,980.77
0.00
0.00
2,980.77
30960QAR8
1526
101
FARMIG
248,000.00
248,000.00
248,000.00
5.400
5.400
1,137.40
0.00
0.00
1,137.40
3133EPQD0
1527
101
FFCB
1,000,000.00
998,655.69
998,655.69
4.250
4.176
3,541.67
0.00
0.00
3,541.67
91282CEK3
1528
101
USTR
1,000,000.00
980,080.00
980,080.00
2.500
2.558
2,129.12
0.00
0.00
2,129.12
3130ARHG9
1529
101
FHLB
1,000,000.00
982,520.00
982,520.00
2.125
2.122
1,770.83
0.00
0.00
1,770.83
912828W71
1530
101
USTR
2,000,000.00
1,960,078.13
1,960,078.13
2.125
2.162
3,599.73
0.00
0.00
3,599.73
3133EPSK2
1531
101
FFCB
1,000,000.00
990,400.00
990,400.00
4.250
4.210
3,541.67
0.00
0.00
3,541.67
499724AP7
1532
101
KNOX
248,000.00
248,000.00
248,000.00
4.850
4.850
1,021.56
0.00
0.00
1,021.56
05584CJJ6
1533
101
BNYMEL
244,000.00
244,000.00
244,000.00
4.500
4.500
932.55
0.00
0.00
932.55
313384YJ2
1534
101
FHLB
2,000,000.00
1,916,929.44
1,916,929.44
5.210
0.00
0.00
0.00
0.00
9128282U3
1535
101
USTR
3,000,000.00
2,899,170.81
2,899,170.81
1.875
1.946
4,790.53
0.00
0.00
4,790.53
91282821\19
1536
101
USTR
2,000,000.00
1,942,840.00
1,942,840.00
2.125
2.170
3,581.43
0.00
0.00
3,581.43
898812AC6
1537
101
TUCSON
248,000.00
248,000.00
248,000.00
5.000
5.000
1,053.15
0.00
0.00
1,053.15
60936TAL3
1538
101
MONEY1
248,000.00
248,000.00
248,000.00
5.000
5.000
1,053.15
0.00
0.00
1,053.15
52470QEC4
1539
101
LEGBKT
248,000.00
248,000.00
248,000.00
4.500
4.500
947.84
0.00
0.00
947.84
3130AXEL8
1541
101
FHLB
1,000,000.00
999,500.00
999,500.00
4.750
4.663
3,958.33
0.00
0.00
3,958.33
912796CX5
1542
101
USTR
2,000,000.00
1,945,964.16
1,945,964.16
5.315
0.00
0.00
0.00
0.00
91282CGT2
1543
101
USTR
1,000,000.00
949,180.00
949,180.00
3.625
3.809
3,070.35
0.00
0.00
3,070.35
666613MK7
1544
101
NORPNT
248,000.00
248,000.00
248,000.00
4.850
4.850
1,021.56
0.00
0.00
1,021.56
58404DTP6
1545
101
MEDBA
248,000.00
248,000.00
248,000.00
4.850
4.850
1,021.56
0.00
0.00
1,021.56
90355GHG4
1546
101
UBS
248,000.00
248,000.00
248,000.00
4.900
4.900
1,032.09
0.00
0.00
1,032.09
42228LAN1
1547
101
HEALTH
248,000.00
248,000.00
248,000.00
5.100
5.100
1,074.21
0.00
0.00
1,074.21
98138MCA6
1548
101
WORKRS
248,000.00
248,000.00
248,000.00
5.200
5.200
1,095.28
0.00
0.00
1,095.28
52171MAM7
1549
101
LEADRS
248,000.00
248,000.00
248,000.00
5.100
5.100
1,074.21
0.00
0.00
1,074.21
91282CFU0
1550
101
USTR
750,000.00
739,200.00
739,200.00
4.125
4.197
2,634.79
0.00
0.00
2,634.79
9127971-11-13
1551
101
USTR
1,000,000.00
974,178.00
974,178.00
5.222
0.00
0.00
0.00
0.00
92023CAJ2
1552
101
VLLSTR
247,000.00
247,000.00
247,000.00
5.200
5.200
1,090.86
0.00
0.00
1,090.86
913065AD0
1553
101
UTLTCH
248,000.00
248,000.00
248,000.00
5.100
5.100
1,074.21
0.00
0.00
1,074.21
3133EPC45
1554
101
FFCB
1,000,000.00
999,770.00
999,770.00
4.625
4.539
3,854.16
0.00
0.00
3,854.16
291916AJ3
1555
101
EMPOWR
247,000.00
247,000.00
247,000.00
5.250
5.250
1,101.35
0.00
0.00
1,101.35
372348DJ8
1556
101
GENOA
248,000.00
248,000.00
248,000.00
4.600
4.600
968.90
0.00
0.00
968.90
912797HS9
1558
101
USTR
2,000,000.00
1,949,466.22
1,949,466.22
5.110
0.00
0.00
0.00
0.00
67886WAJ6
1559
101
OKLACU
248,000.00
248,000.00
248,000.00
5.700
5.700
1,200.59
0.00
0.00
1,200.59
77357DAD0
1560
101
ROCKLA
248,000.00
248,000.00
248,000.00
4.600
4.600
968.90
0.00
0.00
968.90
37173RAL7
1561
101
GENSEE
244,000.00
244,000.00
244,000.00
4.200
4.200
870.38
0.00
0.00
870.38
Run Date: 05/17/2024 - 12:19
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings
Page 9
January 1, 2024 - January 31, 2024
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
319137CB9 1562
101
FRBA
244,000.00
244,000.00
244,000.00
4.450
4.450
922.19
0.00
0.00
922.19
89841MAX5 1563
101
TRUFIN
248,000.00
248,000.00
248,000.00
5.150
5.150
1,084.75
0.00
0.00
1,084.75
13016261-3 1564
101
CALCRE
244,000.00
244,000.00
244,000.00
5.100
5.100
1,056.89
0.00
0.00
1,056.89
9128285M8 1565
101
USTR
1,000,000.00
966,718.75
966,718.75
3.125
3.241
2,661.40
0.00
0.00
2,661.40
3130AYBQ8 1566
101
FHLB
1,000,000.00
999,516.00
999,516.00
4.750
4.663
3,958.34
0.00
0.00
3,958.34
91282CJR3 1567
101
USTR
1,000,000.00
0.00
997,067.49
3.750
3.771
3,090.66
0.00
0.00
3,090.66
3133EPW84 1568
101
FFCB
1,000,000.00
0.00
992,100.00
3.875
3.677
1,399.31
0.00
0.00
1,399.31
3133EPW84 1569
101
FFCB
1,000,000.00
0.00
994,400.00
3.875
1.975
107.64
0.00
0.00
107.64
91282CJV4 1570
101
USTR
1,000,000.00
0.00
998,482.98
4.250
4.268
116.76
0.00
0.00
116.76
91282CJT9 1571
101
USTR
1,000,000.00
0.00
996,813.45
4.000
4.024
109.89
0.00
0.00
109.89
91282CFQ9 1572
101
USTR
1,000,000.00
0.00
995,910.11
4.375
4.405
120.19
0.00
0.00
120.19
3130AYKN5 1573
101
FHLB
1,000,000.00
0.00
999,992.84
4.810
0.00
0.00
0.00
0.00
Subtotal
245,203,886.20
226,173,802.45
243,817,140.92
3.347
576,393.87
0.00
69,000.00
645,393.87
Fund: Fiscal Agent
SYS1058 1058
231
USBANK
14,016.10
13,958.98
14,016.10
4.818
57.12
0.00
0.00
57.12
Subtotal
14,016.10
13,958.98
14,016.10
4.818
57.12
0.00
0.00
57.12
Fund: Housing Authority:
WSA and LQ
SYS1062 1062
241
LQPR
121,711.74
143,822.10
121,711.74
0.00
0.00
0.00
0.00
Subtotal
121,711.74
143,822.10
121,711.74
0.00
0.00
0.00
0.00
Fund: SA Low/Mod Bond Fund
25-33-005 1113
249
LAIF
2,105,608.10
2,084,665.23
2,105,608.10
4.012
4.319
7,646.26
0.00
0.00
7,646.26
Subtotal
2,105,608.10
2,084,665.23
2,105,608.10
4.319
7,646.26
0.00
0.00
7,646.26
Total 247,445,222.14 228,416,248.76 246,058,476.86
Run Date: 05/17/2024 - 12:19
3.354 584,097.25 0.00 69,000.00 653,097.25
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
t(V Qa 0 Kr(V
GEM of the DESERT —
Investments
City of La Quinta
Portfolio Management
Portfolio Summary
February 29, 2024
Par Market Book % of
Value Value Value Portfolio Term
City of La Quinta
Days to YTM
Maturity 365 Equiv.
Bank Accounts
2,620,135.53
2,620,135.53
2,620,135.53
1.05
1
1
0.000
CAMP TERM
20,000,000.00
20,000,000.00
20,000,000.00
8.00
263
42
5.645
Local Agency Investment Fund -City
19,669,740.01
19,152,922.65
19,669,740.01
7.87
1
1
4.122
Local Agency Invstmnt Fund -Housing
2,105,608.10
2,074,507.44
2,105,608.10
0.84
1
1
4.122
Money Market/Mutual Funds
14,850,894.25
14,850,894.25
14,850,894.25
5.94
1
1
5.180
Money Market Accounts - CAMP
30,405,450.26
30,405,450.26
30,405,450.26
12.16
1
1
5.500
Federal Agency Coupon Securities
58,500,000.00
56,295,071.00
58,253,646.58
23.30
1,554
896
2.672
Treasury Coupon Securities
44,500,000.00
42,736,047.50
43,571,009.38
17.43
1,315
804
3.181
Treasury Discount Notes
7,000,000.00
6,918,560.00
6,834,028.38
2.73
164
80
5.451
Certificate of Deposits
41,055,000.00
40,514,887.60
41,054,377.50
16.42
1,628
852
3.042
Corporate Notes
1,500,000.00
1,423,765.00
1,470,410.00
0.59
1,827
1,290
3.054
Money Market with Fiscal Agent
1,695,737.09
1,695,737.09
1,695,737.09
0.68
1
1
0.000
CERBT - OPEB Trust
1,955,099.21
1,955,099.21
1,955,099.21
0.78
1
1
0.000
PARS Pension Trust
5,549,606.10
5,549,606.10
5,549,606.10
2.22
1
1
0.000
251,407,270.55
246,192,683.63
250,035,742.39
100.00%
895
502
3.630
Investments
Total Earnings February 29 Month Ending Fiscal Year To Date
Current Year 759,770.78 5,359,924.46
Average Daily Balance 244,932,688.67 238,286,046.64
Effective Rate of Return 3.90% 3.36%
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.
- Digitallysigned by Claudia
Martinez
Date: 2024.05.31 14:40:34
07'00' 5/31 /2024
Claudia Martinez, Finance Director/City Treasurer
Reporting period 02/01/2024-02/29/2024 Portfolio CITY
CID
Run Date: 05/17/2024 - 12:15 PM (PRF_PM1) 7.3.0
Report Ver. 7.3.6.1
City of La Quinta
Portfolio Management
Page 1
Portfolio Details - Investments
February 29, 2024
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 397,157.72
397,157.72
397,157.72
1
1
0.000
059731851
1228
BMO f/k/a Bank of the West
08/20/2019 1,168,409.74
1,168,409.74
1,168,409.74
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 917,580.65
917,580.65
917,580.65
1
1
0.000
SYS1062
1062
La Quinta Palms Realty
07/01/2016 133,687.42
133,687.42
133,687.42
1
1
0.000
Subtotal and Average 4,988,662.45
2,620,135.53
2,620,135.53
2,620,135.53
1
1
0.000
CAMP TERM
6067-001TERM
1521
California Asset Management Pr
07/24/2023 20,000,000.00
20,000,000.00
20,000,000.00
5.645
263
42
5.645 04/12/2024
Subtotal and Average 20,000,000.00
20,000,000.00
20,000,000.00
20,000,000.00
263
42
5.645
Local Agency Investment Fund -City
98-33-434
1055
Local Agency Inv Fund
19,669,740.01
19,152,922.65
19,669,740.01
4.122
1
1
4.122
Subtotal and Average 19,669,740.01
19,669,740.01
19,152,922.65
19,669,740.01
1
1
4.122
Local Agency Invstmnt Fund -Housing
25-33-005 1113 Local Agency Inv Fund
2,105,608.10
2,074,507.44
2,105,608.10 4.122
1 1 4.122
Subtotal and Average 2,105,608.10
2,105,608.10
2,074,507.44
2,105,608.10
1 1 4.122
Money Market/Mutual Funds
TYCXX 1575 Invesco Treasury Portfolio 02/05/2024
14,850,894.25
14,850,894.25
14,850,894.25 5.180
1 1 5.180
Subtotal and Average 10,718,321.07
14,850,894.25
14,850,894.25
14,850,894.25
1 1 5.180
Money Market Accounts - CAMP
SYS1153 1153 California Asset Management Pr
Subtotal and Average 30,278,004.50
09/26/2018
30,405,450.26
30,405,450.26
30,405,450.26
30,405,450.26
30,405,450.26
30,405,450.26
5.500
1
1
1
1
5.500
5.500
Federal Agency Coupon Securities
3133EKWV4 1212
Federal Farm Credit Bank
08/02/2019
500,000.00
493,010.00
499,500.00
1.850
1,820
147
1.871 07/26/2024
3133EKP75 1224
Federal Farm Credit Bank
09/17/2019
500,000.00
490,220.00
498,750.00
1.600
1,827
200
1.652 09/17/2024
3133ELEA8 1242
Federal Farm Credit Bank
12/17/2019
1,000,000.00
980,970.00
998,600.00
1.700
1,736
200
1.731 09/17/2024
3133ELH23 1280
Federal Farm Credit Bank
06/09/2020
500,000.00
473,455.00
499,850.00
0.500
1,826
465
0.506 06/09/2025
3133ELH80 1282
Federal Farm Credit Bank
06/10/2020
500,000.00
473,885.00
500,000.00
0.680
1,826
466
0.680 06/10/2025
3133EM2C5 1330
Federal Farm Credit Bank
08/10/2021
500,000.00
453,890.00
498,000.00
0.710
1,826
892
0.792 08/10/2026
3133EM4X7 1338
Federal Farm Credit Bank
09/28/2021
1,000,000.00
911,370.00
991,080.00
0.800
1,808
923
0.985 09/10/2026
Portfolio CITY
CID
Run Date: 05/17/2024 - 12:15
PM (PRF_PM2) 7.3.0
Report Ver. 7.3.6.1
City of La Quinta
Portfolio Management
Portfolio Details - Investments
February 29, 2024
Page 2
CUSIP
Investment #
Issuer
Average Purchase
Balance Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM
365
Maturity
Date
Federal Agency
Coupon Securities
3133ENCQ1
1344
Federal Farm Credit Bank
11/02/2021
1,000,000.00
913,100.00
1,000,000.00
1.270
1,826
976
1.270
11/02/2026
3133ENGN4
1355
Federal Farm Credit Bank
12/09/2021
1,000,000.00
968,400.00
1,000,000.00
0.970
1,096
283
0.970
12/09/2024
3133ENYH7
1401
Federal Farm Credit Bank
06/10/2022
500,000.00
496,145.00
499,080.00
2.625
731
101
2.720
06/10/2024
3133ENL99
1426
Federal Farm Credit Bank
09/15/2022
1,000,000.00
964,180.00
997,492.55
3.375
1,826
1,293
3.430
09/15/2027
3133ENQ29
1433
Federal Farm Credit Bank
09/30/2022
1,000,000.00
985,780.00
996,400.00
4.000
1,825
1,307
4.080
09/29/2027
3133EN3H1
1441
Federal Farm Credit Bank
11/29/2022
1,000,000.00
985,370.00
998,650.00
4.000
1,826
1,368
4.030
11/29/2027
3133EN3S7
1446
Federal Farm Credit Bank
12/07/2022
1,000,000.00
976,770.00
998,000.00
3.750
1,826
1,376
3.794
12/07/2027
3133EPAV7
1464
Federal Farm Credit Bank
02/15/2023
1,000,000.00
980,670.00
995,400.00
3.875
1,825
1,445
3.977
02/14/2028
3133EPME2
1505
Federal Farm Credit Bank
06/08/2023
1,000,000.00
979,810.00
998,190.00
3.875
1,827
1,560
3.915
06/08/2028
3133EPQDO
1527
Federal Farm Credit Bank
07/31/2023
1,000,000.00
993,970.00
998,655.69
4.250
1,813
1,599
4.280
07/17/2028
3133EPSK2
1531
Federal Farm Credit Bank
08/18/2023
1,000,000.00
993,860.00
990,400.00
4.250
1,816
1,620
4.467
08/07/2028
3133EPC45
1554
Federal Farm Credit Bank
11/13/2023
1,000,000.00
1,014,150.00
999,770.00
4.625
1,827
1,718
4.630
11/13/2028
3133EPW84
1568
Federal Farm Credit Bank
01/18/2024
1,000,000.00
981,520.00
992,100.00
3.875
1,827
1,784
4.051
01/18/2029
3133EPW84
1569
Federal Farm Credit Bank
01/30/2024
1,000,000.00
981,520.00
994,400.00
3.875
1,815
1,784
4.000
01/18/2029
3133EP3139
1598
Federal Farm Credit Bank
02/14/2024
1,000,000.00
992,080.00
991,400.00
4.125
1,826
1,810
4.318
02/13/2029
3130AJKW8
1281
Federal Home Loan Bank
06/03/2020
500,000.00
472,825.00
499,850.00
0.500
1,836
469
0.506
06/13/2025
3130AJRP6
1283
Federal Home Loan Bank
06/30/2020
300,000.00
283,629.00
300,000.00
0.680
1,826
486
0.680
06/30/2025
3130AKFA9
1298
Federal Home Loan Bank
12/07/2020
500,000.00
463,100.00
497,400.00
0.375
1,831
651
0.480
12/12/2025
3130AKMZ6
1302
Federal Home Loan Bank
01/14/2021
500,000.00
462,205.00
500,000.00
0.510
1,826
684
0.510
01/14/2026
313OAKN28
1304
Federal Home Loan Bank
01/29/2021
500,000.00
461,845.00
500,000.00
0.550
1,826
699
0.550
01/29/2026
3130ALV92
1312
Federal Home Loan Bank
03/30/2021
500,000.00
465,235.00
500,000.00
1.050
1,826
759
0.938
03/30/2026
3130AMFS6
1324
Federal Home Loan Bank
06/17/2021
1,000,000.00
917,530.00
993,420.00
0.750
1,821
833
0.885
06/12/2026
3130APBM6
1337
Federal Home Loan Bank
09/30/2021
1,000,000.00
909,590.00
999,000.00
1.000
1,826
943
1.021
09/30/2026
3130APB46
1339
Federal Home Loan Bank
10/13/2021
1,000,000.00
907,350.00
998,250.00
0.950
1,826
956
0.986
10/13/2026
3130APTV7
1347
Federal Home Loan Bank
11/24/2021
500,000.00
467,185.00
499,500.00
2.000
1,826
998
1.489
11/24/2026
3130AP21-18
1353
Federal Home Loan Bank
12/07/2021
1,000,000.00
960,950.00
987,100.00
0.550
1,127
312
0.976
01/07/2025
313OAQF65
1358
Federal Home Loan Bank
12/22/2021
1,000,000.00
915,200.00
999,750.00
1.250
1,825
1,025
1.255
12/21/2026
3130AQJR5
1364
Federal Home Loan Bank
01/27/2022
1,000,000.00
915,850.00
1,000,000.00
1.500
1,826
1,062
1.500
01/27/2027
3130AQSA2
1367
Federal Home Loan Bank
02/10/2022
1,000,000.00
925,600.00
1,000,000.00
1.830
1,826
1,076
1.830
02/10/2027
3130AQWY5
1374
Federal Home Loan Bank
02/25/2022
1,000,000.00
967,360.00
1,000,000.00
1.700
1,095
360
1.700
02/24/2025
3130ARGJ4
1385
Federal Home Loan Bank
04/14/2022
500,000.00
482,055.00
500,000.00
2.500
1,279
592
2.500
10/14/2025
3130ARGY1
1387
Federal Home Loan Bank
04/19/2022
1,000,000.00
947,400.00
1,000,000.00
2.700
1,826
1,144
2.700
04/19/2027
3130ASDV8
1409
Federal Home Loan Bank
06/28/2022
300,000.00
287,124.00
300,000.00
3.300
1,826
1,214
3.300
06/28/2027
3130AXEL8
1541
Federal Home Loan Bank
10/03/2023
1,000,000.00
1,019,510.00
999,500.00
4.750
1,802
1,652
4.762
09/08/2028
3130AYBQ8
1566
Federal Home Loan Bank
12/29/2023
1,000,000.00
996,600.00
999,516.00
4.750
363
300
4.800
12/26/2024
3130AYKN5
1573
Federal Home Loan Bank
01/31/2024
1,000,000.00
997,140.00
999,992.84
4.810
345
315
4.810
01/10/2025
Portfolio CITY
CP
Run Date: 05/17/2024 - 12:15
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
February 29, 2024
Page 3
Average
Purchase
Stated
Days to
YTM Maturity
CUSIP
Investment # Issuer Balance
Date
Par Value
Market Value
Book Value
Rate
Term Maturity
365 Date
Federal Agency Coupon Securities
3130AYXU5
1579
Federal Home Loan Bank
02/15/2024
2,000,000.00
1,987,040.00
2,000,000.00
4.450
1,824
1,809
4.450 02/12/2029
3130AYYJ9
1580
Federal Home Loan Bank
02/15/2024
1,000,000.00
997,980.00
1,000,000.00
5.000
1,827
1,812
5.000 02/15/2029
3134GVYG7
1279
Federal Home Loan Mtg Corp
05/27/2020
1,000,000.00
950,490.00
1,000,000.00
0.625
1,826
452
0.625 05/27/2025
3137EAEU9
1297
Federal Home Loan Mtg Corp
12/07/2020
1,000,000.00
941,310.00
997,300.00
0.375
1,687
507
0.434 07/21/2025
3134GXGZ1
1301
Federal Home Loan Mtg Corp
12/30/2020
500,000.00
462,675.00
500,000.00
0.550
1,826
669
0.550 12/30/2025
3137EAEX3
1307
Federal Home Loan Mtg Corp
02/23/2021
500,000.00
466,910.00
495,999.50
0.375
1,673
571
0.552 09/23/2025
3137EAEX3
1310
Federal Home Loan Mtg Corp
03/30/2021
1,000,000.00
933,820.00
983,940.00
0.375
1,638
571
0.740 09/23/2025
3134GW6C5
1359
Federal Home Loan Mtg Corp
01/05/2022
500,000.00
451,540.00
486,000.00
0.800
1,757
971
1.403 10/28/2026
3137EAEU9
1361
Federal Home Loan Mtg Corp
01/05/2022
500,000.00
470,655.00
487,090.00
0.375
1,293
507
1.120 07/21/2025
3134GW5R3
1362
Federal Home Loan Mtg Corp
01/05/2022
400,000.00
373,688.00
391,360.00
0.650
1,391
605
1.232 10/27/2025
3134GWUQ7
1366
Federal Home Loan Mtg Corp
02/10/2022
1,000,000.00
893,340.00
945,570.00
0.700
1,784
1,034
1.870 12/30/2026
3134GYPJ5
1484
Federal Home Loan Mtg Corp
04/24/2023
1,000,000.00
989,000.00
999,100.00
5.200
1,820
1,508
5.220 04/17/2028
3134H1UX9
1584
Federal Home Loan Mtg Corp
02/29/2024
1,000,000.00
998,290.00
1,000,000.00
5.500
1,824
1,823
5.500 02/26/2029
3135GOV75
1206
Federal National Mtg Assn
07/15/2019
500,000.00
493,930.00
495,950.00
1.750
1,814
123
1.922 07/02/2024
3135GO5S8
1288
Federal National Mtg Assn
08/14/2020
500,000.00
469,800.00
500,000.00
0.500
1,826
531
0.500 08/14/2025
3136G4N74
1289
Federal National Mtg Assn
08/21/2020
1,000,000.00
939,550.00
1,000,000.00
0.560
1,826
538
0.560 08/21/2025
3136G4M75
1290
Federal National Mtg Assn
08/28/2020
500,000.00
469,385.00
499,750.00
0.520
1,816
535
0.530 08/18/2025
3135GO6E8
1291
Federal National Mtg Assn
11/18/2020
500,000.00
483,045.00
499,250.00
0.420
1,461
262
0.458 11/18/2024
3135GA2Z3
1292
Federal National Mtg Assn
11/17/2020
500,000.00
464,875.00
499,250.00
0.560
1,826
626
0.590 11/17/2025
3135GA7D7
1299
Federal National Mtg Assn
12/23/2020
500,000.00
464,200.00
500,000.00
0.600
1,826
662
0.600 12/23/2025
3135GAAW1
1300
Federal National Mtg Assn
12/30/2020
500,000.00
480,715.00
500,000.00
0.400
1,461
304
0.400 12/30/2024
3135GO6G3
1354
Federal National Mtg Assn
12/07/2021
1,000,000.00
932,050.00
976,300.00
0.500
1,431
616
1.120 11/07/2025
3135GO3U5
1365
Federal National Mtg Assn
01/28/2022
500,000.00
476,125.00
487,790.00
0.625
1,180
417
1.400 04/22/2025
3135GAGA3
1480
Federal National Mtg Assn
04/03/2023
2,000,000.00
1,997,600.00
2,000,000.00
5.200
484
151
5.206 07/30/2024
3135GAGK1
1482
Federal National Mtg Assn
04/12/2023
3,000,000.00
2,998,170.00
3,000,000.00
5.050
366
42
5.050 04/12/2024
3135GAPL9
1583
Federal National Mtg Assn
02/26/2024
1,000,000.00
999,480.00
1,000,000.00
5.150
1,096
1,092
5.150 02/26/2027
Subtotal and Average 56,102,247.96
58,500,000.00
56,295,071.00
58,253,646.58
1,554
896
2.672
Federal Agency
Discount
Subtotal and Average 925,414.21
Treasury Coupon Securities
912828YV6
1241
U.S. Treasury
12/16/2019
1,000,000.00
973,010.00
989,687.50
1.500
1,811
274
1.718 11/30/2024
91282CBC4
1303
U.S. Treasury
01/07/2021
500,000.00
462,420.00
498,632.81
0.375
1,819
670
0.431 12/31/2025
91282CBH3
1309
U.S. Treasury
02/23/2021
500,000.00
460,920.00
495,100.00
0.375
1,803
701
0.577 01/31/2026
91282CAT8
1311
U.S. Treasury
03/30/2021
1,000,000.00
928,280.00
977,500.00
0.250
1,676
609
0.750 10/31/2025
Portfolio CITY
CP
Run Date: 05/17/2024 - 12:15
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
February 29, 2024
Page 4
CUSIP
Investment #
Issuer
Average Purchase
Balance Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM
365
Maturity
Date
Treasury Coupon
Securities
91282CAZ4
1315
U.S.
Treasury
04/22/2021
500,000.00
463,770.00
492,187.50
0.375
1,683
639
0.720
11/30/2025
91282CBQ3
1319
U.S.
Treasury
05/28/2021
500,000.00
460,860.00
494,165.00
0.500
1,737
729
0.750
02/28/2026
91282CBT7
1320
U.S.
Treasury
05/28/2021
500,000.00
462,170.00
499,525.00
0.750
1,768
760
0.770
03/31/2026
91282CCF6
1321
U.S.
Treasury
06/01/2021
1,000,000.00
919,020.00
997,060.00
0.750
1,825
821
0.810
05/31/2026
91282CBT7
1322
U.S.
Treasury
06/17/2021
500,000.00
462,170.00
498,450.00
0.750
1,748
760
0.816
03/31/2026
91282CCF6
1323
U.S.
Treasury
06/17/2021
500,000.00
459,510.00
497,095.00
0.750
1,809
821
0.870
05/31/2026
91282CCP4
1335
U.S.
Treasury
09/29/2021
1,000,000.00
911,370.00
983,750.00
0.625
1,766
882
0.970
07/31/2026
91282CCW9
1336
U.S.
Treasury
09/29/2021
1,000,000.00
911,880.00
988,500.00
0.750
1,797
913
0.990
08/31/2026
91282CDB4
1343
U.S.
Treasury
10/22/2021
1,000,000.00
972,070.00
996,320.00
0.625
1,089
228
0.750
10/15/2024
91282CBR1
1352
U.S.
Treasury
12/07/2021
1,000,000.00
998,030.00
989,800.00
0.250
829
14
0.704
03/15/2024
91282CBV2
1360
U.S.
Treasury
01/05/2022
500,000.00
496,930.00
494,882.81
0.375
831
45
0.830
04/15/2024
912828Z78
1369
U.S.
Treasury
02/10/2022
1,000,000.00
920,270.00
986,700.00
1.500
1,816
1,066
1.781
01/31/2027
91282CCW9
1380
U.S.
Treasury
03/22/2022
500,000.00
455,940.00
466,454.17
0.750
1,623
913
2.350
08/31/2026
91282CDG3
1381
U.S.
Treasury
03/22/2022
500,000.00
458,105.00
473,396.82
1.125
1,684
974
2.350
10/31/2026
91282CBQ3
1382
U.S.
Treasury
03/23/2022
750,000.00
691,290.00
698,025.00
0.500
1,438
729
2.353
02/28/2026
9128286S4
1383
U.S.
Treasury
03/23/2022
1,000,000.00
954,690.00
999,010.00
2.375
1,499
790
2.400
04/30/2026
9128283DO
1390
U.S.
Treasury
05/03/2022
1,000,000.00
980,700.00
985,190.00
2.250
912
244
2.870
10/31/2024
91282CEF4
1391
U.S.
Treasury
05/03/2022
1,000,000.00
945,230.00
976,860.00
2.500
1,793
1,125
3.010
03/31/2027
912828X88
1397
U.S.
Treasury
06/07/2022
1,000,000.00
939,650.00
969,687.50
2.375
1,803
1,170
3.041
05/15/2027
91282CEN7
1398
U.S.
Treasury
06/08/2022
500,000.00
475,530.00
495,000.00
2.750
1,787
1,155
2.971
04/30/2027
91282CET4
1399
U.S.
Treasury
06/08/2022
500,000.00
473,085.00
491,842.18
2.625
1,818
1,186
2.980
05/31/2027
9128282U3
1400
U.S.
Treasury
06/09/2022
500,000.00
491,640.00
490,850.00
1.875
814
183
2.727
08/31/2024
91282CFB2
1417
U.S.
Treasury
08/15/2022
1,000,000.00
948,160.00
989,460.00
2.750
1,811
1,247
2.980
07/31/2027
912828XT2
1418
U.S.
Treasury
05/04/2022
1,000,000.00
991,760.00
985,240.00
2.000
758
91
2.736
05/31/2024
91282CFB2
1422
U.S.
Treasury
08/29/2022
1,000,000.00
948,160.00
979,645.67
2.750
1,797
1,247
3.200
07/31/2027
9128282RO
1439
U.S.
Treasury
11/18/2022
1,000,000.00
932,070.00
927,110.00
2.250
1,731
1,262
3.950
08/15/2027
91282CFH9
1456
U.S.
Treasury
01/24/2023
500,000.00
479,550.00
489,175.00
3.125
1,680
1,278
3.640
08/31/2027
91282CGH8
1460
U.S.
Treasury
02/02/2023
1,000,000.00
969,450.00
996,369.14
3.500
1,824
1,431
3.580
01/31/2028
91282CEW7
1465
U.S.
Treasury
02/15/2023
1,000,000.00
964,770.00
967,220.00
3.250
1,596
1,216
4.075
06/30/2027
91282CGT2
1508
U.S.
Treasury
06/15/2023
1,000,000.00
973,400.00
984,600.00
3.625
1,751
1,491
3.980
03/31/2028
91282CGT2
1524
U.S.
Treasury
05/31/2023
1,000,000.00
973,400.00
990,000.00
3.625
1,766
1,491
3.853
03/31/2028
91282CHA2
1525
U.S.
Treasury
05/31/2023
1,000,000.00
968,440.00
985,000.00
3.500
1,796
1,521
3.837
04/30/2028
91282CEK3
1528
U.S.
Treasury
08/10/2023
1,000,000.00
995,310.00
980,080.00
2.500
264
60
5.340
04/30/2024
912828W71
1530
U.S.
Treasury
08/10/2023
2,000,000.00
1,994,580.00
1,960,078.13
2.125
234
30
5.338
03/31/2024
9128282U3
1535
U.S.
Treasury
09/07/2023
3,000,000.00
2,949,840.00
2,899,170.81
1.875
359
183
5.440
08/31/2024
9128282N9
1536
U.S.
Treasury
09/07/2023
2,000,000.00
1,973,980.00
1,942,840.00
2.125
328
152
5.431
07/31/2024
Portfolio CITY
CID
Run Date: 05/17/2024 - 12:15
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
February 29, 2024
Page 5
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
91282CGT2
1543
U.S. Treasury
10/19/2023
1,000,000.00
973,400.00
949,180.00
3.625
1,625
1,491
4.910 03/31/2028
91282CFUO
1550
U.S. Treasury
11/06/2023
750,000.00
743,527.50
739,200.00
4.125
1,455
1,339
4.524 10/31/2027
9128285M8
1565
U.S. Treasury
12/29/2023
1,000,000.00
950,160.00
966,718.75
3.125
1,783
1,720
3.880 11/15/2028
91282CJR3
1567
U.S. Treasury
01/02/2024
1,000,000.00
976,720.00
997,067.49
3.750
1,825
1,766
3.815 12/31/2028
91282CJV4
1570
U.S. Treasury
01/31/2024
1,000,000.00
992,310.00
998,482.98
4.250
731
701
4.330 01/31/2026
91282CJT9
1571
U.S. Treasury
01/31/2024
1,000,000.00
987,890.00
996,813.45
4.000
1,080
1,050
4.115 01/15/2027
91282CFQ9
1572
U.S. Treasury
01/31/2024
1,000,000.00
994,380.00
995,910.11
4.375
274
244
4.930 10/31/2024
912828661
1581
U.S. Treasury
02/15/2024
1,000,000.00
926,250.00
925,976.56
2.625
1,827
1,812
4.285 02/15/2029
Subtotal and Average 44,074,817.94
44,500,000.00
42,736,047.50
43,571,009.38
1,315
804
3.181
Treasury Discount Notes
912796CX5
1542
U.S. Treasury
10/18/2023
2,000,000.00
1,985,920.00
1,945,964.16
5.315
183
48
5.615 04/18/2024
912797HH3
1551
U.S. Treasury
11/06/2023
1,000,000.00
990,920.00
974,178.00
5.222
178
62
5.511 05/02/2024
912797HS9
1558
U.S. Treasury
12/04/2023
2,000,000.00
1,973,780.00
1,949,466.22
5.110
178
90
5.389 05/30/2024
912796ZW2
1582
U.S. Treasury
02/15/2024
2,000,000.00
1,967,940.00
1,964,420.00
5.083
126
111
5.320 06/20/2024
Subtotal and Average 5,885,687.69
7,000,000.00
6,918,560.00
6,834,028.38
164
80
5.451
Certificate of Deposits
336460CX6
1222
First State Bk DeQueen
08/30/2019
248,000.00
243,215.97
248,000.00
1.800
1,827
182
1.802 08/30/2024
31911KAK4
1515
First Bank Elk River
06/30/2023
248,000.00
257,539.46
248,000.00
4.400
1,827
1,582
4.405 06/30/2028
32027BALl
1273
First Freedom Bank
04/29/2020
249,000.00
238,559.57
249,000.00
1.200
1,826
424
1.201 04/29/2025
32021YEV1
1574
First Federal Savings
02/09/2024
248,000.00
246,995.32
248,000.00
4.250
881
860
4.245 07/09/2026
33766LAJ7
1216
FirsTier Bank
08/23/2019
249,000.00
244,558.83
249,000.00
1.950
1,827
175
1.952 08/23/2024
32056GDJ6
1278
1st Internet Bank
05/11/2020
248,000.00
236,732.88
248,000.00
1.000
1,827
437
0.985 05/12/2025
32112UDR9
1274
First Natl Bk McGregor
04/28/2020
248,000.00
238,067.22
248,000.00
1.350
1,826
423
1.351 04/28/2025
334342CD2
1221
First Natl Bk of Syracuse
08/30/2019
249,000.00
244,263.32
249,000.00
1.850
1,827
182
1.852 08/30/2024
32114VBT3
1250
First National Bank Michigan
02/14/2020
248,000.00
237,859.74
248,000.00
1.650
1,827
350
1.652 02/14/2025
33625CCP2
1209
First Security Bank of WA
07/30/2019
248,000.00
244,179.40
248,000.00
2.000
1,827
151
2.002 07/30/2024
33640VDD7
1231
First Service Bank
11/15/2019
248,000.00
245,739.41
248,000.00
1.700
1,643
75
1.701 05/15/2024
88413QDN5
1420
Third Federal Savings and Loan
08/19/2022
245,000.00
238,476.61
245,000.00
3.300
1,826
1,266
3.302 08/19/2027
00257TBD7
1207
Abacus Federal Savings
07/26/2019
248,000.00
244,216.23
248,000.00
1.950
1,827
147
1.952 07/26/2024
00435JBH5
1256
Access Bank
03/13/2020
248,000.00
239,599.12
248,000.00
1.600
1,826
377
1.601 03/13/2025
00833JAQ4
1478
Affinity Bank
03/17/2023
248,000.00
255,622.35
248,000.00
4.900
1,827
1,477
4.906 03/17/2028
01025RAG4
1510
Alabama Credit Union
06/20/2023
248,000.00
251,102.63
248,000.00
5.000
1,098
843
5.005 06/22/2026
011852AEO
1469
Alaska USA/Global FCU
03/08/2023
248,000.00
252,793.54
248,000.00
4.600
1,827
1,468
4.606 03/08/2028
01882MAC6
1451
AlliantCU
12/30/2022
247,000.00
255,279.22
247,000.00
5.000
1,826
1,399
5.003 12/30/2027
Portfolio CITY
CP
Run Date: 05/17/2024 - 12:15
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
February 29, 2024
Page 6
CUSIP
Investment #
Average
Issuer Balance
Purchase
Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM
365
Maturity
Date
Certificate of
Deposits
01664MAB2
1448
All In FCU
12/20/2022
248,000.00
250,875.34
248,000.00
4.400
1,826
1,389
4.402
12/20/2027
02007GPX5
1388
Ally Bank Midvale
04/21/2022
245,000.00
238,802.51
245,000.00
2.550
1,096
416
2.550
04/21/2025
020080BX4
1267
Alma Bank
03/30/2020
248,000.00
238,807.96
248,000.00
1.400
1,824
392
1.399
03/28/2025
029728BC5
1255
American State
02/21/2020
248,000.00
240,001.41
248,000.00
1.600
1,827
357
1.602
02/21/2025
02589ADH2
1421
American Express, NB
08/29/2022
245,000.00
239,761.17
245,000.00
3.450
1,793
1,243
3.067
07/27/2027
02357QAQO
1372
Amerant Bank
02/14/2022
245,000.00
227,351.72
245,000.00
1.600
1,828
1,082
1.601
02/16/2027
052392BT3
1427
Austin Telco FCU
09/21/2022
248,000.00
245,562.88
248,000.00
3.800
1,826
1,299
3.770
09/21/2027
05465DAE8
1258
Axos Bank
03/26/2020
248,000.00
239,505.69
248,000.00
1.650
1,826
390
1.651
03/26/2025
05765LBUO
1520
Balboa Thrift and Loan
07/19/2023
248,000.00
259,884.47
248,000.00
4.400
1,827
1,601
4.405
07/19/2028
062119BT8
1492
Bank Five Nine
05/12/2023
248,000.00
249,728.40
248,000.00
4.250
1,827
1,533
4.255
05/12/2028
06610RCA5
1499
Bankers Bank
05/24/2023
248,000.00
248,735.76
248,000.00
4.150
1,827
1,545
4.155
05/24/2028
07371AYE7
1370
Beal Bank TX
02/23/2022
245,000.00
229,413.58
245,000.00
1.900
1,820
1,083
1.901
02/17/2027
073710E88
1371
Beal Bank USA
02/23/2022
245,000.00
229,413.58
245,000.00
1.900
1,820
1,083
1.901
02/17/2027
08016PDQ9
1270
Belmont Bank and Trust
04/16/2020
248,000.00
246,288.01
248,000.00
1.250
1,461
46
1.251
04/16/2024
06417NZQ9
1329
Bank OZK
07/29/2021
248,000.00
238,121.14
248,000.00
0.400
1,280
334
0.401
01/29/2025
064520BG3
1287
Bank Princeton
06/30/2020
248,000.00
236,658.31
248,000.00
0.500
1,644
304
0.500
12/30/2024
064860MCO
1476
Bank of the Sierra
03/15/2023
244,000.00
246,235.79
244,000.00
4.600
1,461
1,109
4.604
03/15/2027
09582YAF9
1467
Blue Ridge Bank
02/28/2023
244,000.00
244,908.91
244,000.00
4.200
1,826
1,459
4.202
02/28/2028
05580AD50
1333
BMW Bank
09/10/2021
245,000.00
238,474.85
245,000.00
0.650
1,096
193
0.651
09/10/2024
06652CHBO
1227
BankWest Inc
09/27/2019
248,000.00
242,401.62
248,000.00
1.700
1,827
210
1.702
09/27/2024
05584CJJ6
1533
BNY Mellon
09/07/2023
244,000.00
248,390.25
244,000.00
4.500
1,827
1,651
4.505
09/07/2028
108622NJ6
1479
Bridgewater Bank
03/29/2023
248,000.00
252,212.32
248,000.00
4.850
1,461
1,123
4.767
03/29/2027
130162131-3
1564
California Credit Union
12/28/2023
244,000.00
245,530.12
244,000.00
5.100
550
486
5.105
06/30/2025
14042RQBO
1346
Capital One Natl Assn FDIC4297
11/17/2021
248,000.00
227,372.40
248,000.00
1.100
1,826
991
1.101
11/17/2026
14042TDD6
1271
Capital One USA FDIC33954
04/08/2020
245,000.00
236,320.16
245,000.00
1.600
1,826
403
1.601
04/08/2025
14622LAAO
1316
Carter FCU
04/27/2021
248,000.00
230,012.25
248,000.00
0.750
1,826
787
0.750
04/27/2026
20033A3A2
1386
Comenity Capital Bank
04/14/2022
248,000.00
236,976.38
248,000.00
2.650
1,826
1,139
2.652
04/14/2027
15118RRH2
1220
Celtic Bank
08/30/2019
248,000.00
243,282.34
248,000.00
1.850
1,827
182
1.852
08/30/2024
156634AK3
1184
Century Next Bank
05/29/2019
248,000.00
245,961.72
248,000.00
2.500
1,827
89
2.503
05/29/2024
152577BN1
1493
Central Bank
05/12/2023
248,000.00
247,325.38
248,000.00
4.000
1,827
1,533
4.005
05/12/2028
169894AS1
1284
Chippewa Valley Bk
06/24/2020
248,000.00
235,020.36
248,000.00
0.600
1,826
480
0.600
06/24/2025
16141BAC5
1506
Chartway FCU
06/09/2023
248,000.00
250,437.00
248,000.00
4.900
1,096
830
4.905
06/09/2026
12547CBJ6
1497
CIBC Bank USA
05/16/2023
244,000.00
246,538.95
244,000.00
4.350
1,827
1,537
4.355
05/16/2028
17286TAGO
1252
Citadel FCU
02/27/2020
248,000.00
240,021.12
248,000.00
1.650
1,827
363
1.652
02/27/2025
2027506M2
1268
Commonwealth Business Bk
03/31/2020
248,000.00
238,369.73
248,000.00
1.250
1,826
395
1.251
03/31/2025
20825WAR1
1357
Connexus CU
12/23/2021
249,000.00
229,209.17
249,000.00
1.250
1,826
1,027
1.250
12/23/2026
Portfolio CITY
CID
Run Date: 05/17/2024 - 12:15
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
February 29, 2024
Page 7
CUSIP
Investment #
Average
Issuer Balance
Purchase
Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM
365
Maturity
Date
Certificate of
Deposits
22258JAB7
1430
County Schools FCU
09/30/2022
248,000.00
249,967.57
248,000.00
4.400
1,826
1,308
4.325
09/30/2027
20416TAQ5
1202
Communitywide FCU
06/28/2019
248,000.00
245,148.02
248,000.00
2.250
1,827
119
2.253
06/28/2024
20786ADL6
1334
Connect One
09/24/2021
248,000.00
226,652.08
248,000.00
0.800
1,826
937
0.800
09/24/2026
176688CP2
1199
Citizens State Bank
06/21/2019
248,000.00
245,425.72
248,000.00
2.400
1,827
112
2.403
06/21/2024
23204HPB8
1507
Customers Bank
06/14/2023
244,000.00
254,277.57
244,000.00
4.500
1,827
1,566
4.505
06/14/2028
23248UAB3
1494
Cy -Fair FCU
05/12/2023
248,000.00
252,131.41
248,000.00
4.500
1,827
1,533
4.505
05/12/2028
24773RCR4
1377
Delta Natl B&T
03/09/2022
245,000.00
229,996.63
245,000.00
2.000
1,814
1,091
2.001
02/25/2027
25460FDW3
1438
Direct FCU
11/07/2022
248,000.00
254,191.10
248,000.00
4.800
1,827
1,347
4.735
11/08/2027
254673E69
1392
Discover Bank Greenwood DE CF
05/24/2022
245,000.00
240,151.77
245,000.00
3.100
1,099
452
3.103
05/27/2025
25844MAK4
1447
Dort Financial CU
12/16/2022
247,000.00
250,759.56
247,000.00
4.500
1,826
1,385
4.503
12/16/2027
27004PCM3
1375
Eaglemark Savings
03/02/2022
245,000.00
229,929.91
245,000.00
2.000
1,826
1,096
2.001
03/02/2027
291916AJ3
1555
Empower FCU
11/15/2023
247,000.00
259,900.48
247,000.00
5.250
1,827
1,720
5.255
11/15/2028
299547AQ2
1196
Liberty FCU F/K/A Evansville T
06/12/2019
248,000.00
245,743.72
248,000.00
2.600
1,827
103
2.603
06/12/2024
87270LDL4
1306
TIAA F/K/A EverBank
02/12/2021
245,000.00
226,588.92
245,000.00
0.500
1,826
713
0.500
02/12/2026
300185LM5
1457
Evergreen Bank Group
01/27/2023
248,000.00
245,405.56
248,000.00
3.850
1,277
878
3.849
07/27/2026
307811DF3
1363
Farmers & Merch
01/14/2022
249,000.00
236,064.97
249,000.00
0.900
1,277
500
0.900
07/14/2025
30960QAR8
1526
Farmers Insurance Group FCU
07/26/2023
248,000.00
250,174.23
248,000.00
5.400
733
514
5.408
07/28/2025
31617CAV5
1317
Fidelity Homestead
04/30/2021
248,000.00
228,679.62
248,000.00
0.700
1,826
790
0.711
04/30/2026
33847E3A3
1276
Flagstar
04/30/2020
248,000.00
237,804.89
248,000.00
1.250
1,826
425
1.251
04/30/2025
34520LATO
1435
Forbright Bank
11/02/2022
248,000.00
252,436.40
248,000.00
4.600
1,826
1,341
4.602
11/02/2027
319137CB9
1562
First Bank
12/28/2023
244,000.00
243,374.59
244,000.00
4.450
729
665
4.456
12/26/2025
35637RDC8
1248
Freedom Financial
02/14/2020
248,000.00
237,616.81
248,000.00
1.550
1,827
350
1.552
02/14/2025
35089LAFO
1491
Four Points FCU
05/10/2023
248,000.00
248,422.98
248,000.00
4.550
1,097
801
4.443
05/11/2026
372348DJ8
1556
The Genoa Banking Company
11/28/2023
248,000.00
254,008.81
248,000.00
4.600
1,827
1,733
4.605
11/28/2028
37173RAL7
1561
Genesee Regional Bank
12/27/2023
244,000.00
243,219.66
244,000.00
4.200
1,097
1,032
3.638
12/28/2026
38149MXK4
1326
Goldman Sachs
07/28/2021
248,000.00
228,500.30
248,000.00
1.000
1,826
879
1.001
07/28/2026
38120MCA2
1511
Golden State Business Bank
06/22/2023
249,000.00
250,783.47
249,000.00
4.450
1,461
1,208
4.453
06/22/2027
39573LBC1
1313
Greenstate FCU
04/16/2021
249,000.00
231,177.53
249,000.00
0.950
1,826
776
0.951
04/16/2026
397417AQ9
1419
Greenwoods State Bank
05/17/2022
248,000.00
239,786.19
248,000.00
3.050
1,826
1,172
3.052
05/17/2027
42228LAN1
1547
Healthcare Systems FCU
10/27/2023
248,000.00
259,115.34
248,000.00
5.100
1,827
1,701
5.106
10/27/2028
45157PAZ3
1450
Ideal CU
12/29/2022
248,000.00
251,887.40
248,000.00
4.500
1,826
1,398
4.502
12/29/2027
46256YAZ2
1186
Iowa State Bank
05/23/2019
245,000.00
243,028.07
245,000.00
2.400
1,827
83
2.403
05/23/2024
472312AA5
1514
Jeep Country FCU
06/29/2023
248,000.00
251,749.86
248,000.00
4.700
1,461
1,215
4.704
06/29/2027
48128HXU7
1185
JP Morgan Chase
05/16/2019
245,000.00
243,682.63
245,000.00
3.250
1,827
76
3.254
05/16/2024
49306SJ56
1475
Kay Bank, N.A.
03/15/2023
244,000.00
244,201.44
244,000.00
5.000
733
381
5.008
03/17/2025
499724AP7
1532
Knoxville TVA Credit Union
08/25/2023
248,000.00
256,159.88
248,000.00
4.850
1,827
1,638
4.854
08/25/2028
Portfolio CITY
CID
Run Date: 05/17/2024 - 12:15
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
February 29, 2024
Page 8
CUSIP
Investment #
Average
Issuer Balance
Purchase
Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM
365
Maturity
Date
Certificate of
Deposits
51828MAC8
1449
Latino Comm. CU
12/21/2022
248,000.00
251,768.67
248,000.00
4.500
1,826
1,390
4.503
12/21/2027
530520AH8
1466
Liberty First CU
02/21/2023
248,000.00
251,790.44
248,000.00
4.500
1,827
1,453
4.504
02/22/2028
501798RP9
1356
Milestone Bk F/K/A LCA Bank Co
12/27/2021
248,000.00
229,426.91
248,000.00
1.000
1,642
847
1.000
06/26/2026
52168UHY1
1389
Leader Bank
04/22/2022
245,000.00
238,791.55
245,000.00
2.550
1,096
417
2.552
04/22/2025
52171MAM7
1549
Leaders Credit Union
10/30/2023
248,000.00
259,401.12
248,000.00
5.100
1,827
1,704
5.106
10/30/2028
52470QEC4
1539
Legacy Bank & Trust
09/27/2023
248,000.00
252,649.22
248,000.00
4.500
1,827
1,671
4.505
09/27/2028
524661CB9
1197
Legacy Bank
06/19/2019
248,000.00
245,466.38
248,000.00
2.400
1,827
110
2.403
06/19/2024
50625LAW3
1384
Lafayette FCU
03/30/2022
248,000.00
247,052.32
248,000.00
2.050
729
27
2.053
03/28/2024
538036GVO
1238
Live Oak Bank
11/27/2019
248,000.00
245,494.43
248,000.00
1.800
1,644
88
1.802
05/28/2024
51507LCC6
1305
Simmons Bank, F/K/A Landmark
01/22/2021
248,000.00
229,625.62
248,000.00
0.500
1,826
692
0.500
01/22/2026
560507AQ8
1522
Maine Savings FCU
07/21/2023
248,000.00
255,396.85
248,000.00
4.800
1,827
1,603
4.806
07/21/2028
56065GAG3
1188
Main Street Bank
04/26/2019
248,000.00
246,644.68
248,000.00
2.600
1,827
56
2.603
04/26/2024
58404DTP6
1545
Medallion Bank
10/20/2023
248,000.00
262,010.00
248,000.00
4.850
1,827
1,694
4.855
10/20/2028
59161YAP1
1373
Metro Credit Union
02/18/2022
249,000.00
231,604.80
249,000.00
1.700
1,826
1,084
1.701
02/18/2027
59524LAA4
1474
Mid Carolina Credit Union
03/13/2023
248,000.00
250,344.73
248,000.00
4.850
1,096
742
4.855
03/13/2026
60425SKB4
1486
Minnwest Bank
05/01/2023
248,000.00
248,090.25
248,000.00
4.250
1,463
1,158
4.254
05/03/2027
60936TAL3
1538
Money One FCU
09/14/2023
248,000.00
257,811.54
248,000.00
5.000
1,827
1,658
5.005
09/14/2028
61690UNX4
1237
Morgan Stanley Bank
11/20/2019
245,000.00
238,289.88
245,000.00
1.950
1,827
264
1.952
11/20/2024
59013KPNO
1345
Merrick Bank
11/09/2021
249,000.00
228,769.19
249,000.00
1.100
1,826
983
1.101
11/09/2026
565819AG4
1379
Marathon Bank
03/16/2022
248,000.00
231,019.86
248,000.00
1.800
1,826
1,110
1.801
03/16/2027
61760A3B3
1236
Morgan Stanley Private Bk, NA
11/20/2019
245,000.00
238,198.80
245,000.00
1.900
1,827
264
1.902
11/20/2024
62384RAT3
1485
Mountain America Federal CU
04/28/2023
248,000.00
249,844.95
248,000.00
4.700
1,096
788
4.705
04/28/2026
654062JZ2
1266
Nicolet Natl Bank
03/31/2020
248,000.00
238,782.13
248,000.00
1.400
1,826
395
1.401
03/31/2025
64034KAZ4
1376
Nelnet Bank
03/02/2022
245,000.00
232,445.59
245,000.00
1.800
1,461
731
1.801
03/02/2026
666613MK7
1544
Northpointe Bank
10/20/2023
248,000.00
256,493.43
248,000.00
4.850
1,827
1,694
4.855
10/20/2028
06426KDE5
1576
Bank of New England
02/14/2024
248,000.00
246,311.31
248,000.00
4.850
335
319
4.856
01/14/2025
67886WAJ6
1559
Oklahoma Credit Union
12/14/2023
248,000.00
248,218.56
248,000.00
5.700
183
105
5.716
06/14/2024
69506YRH4
1269
Pacific Western Bk/Banc of CA
04/16/2020
245,000.00
243,322.98
245,000.00
1.300
1,461
46
1.301
04/16/2024
70962LAF9
1331
Pentagon FCU
09/01/2021
249,000.00
234,371.93
249,000.00
0.700
1,462
550
0.687
09/02/2025
710571DS6
1210
People's Bank
07/31/2019
248,000.00
244,156.61
248,000.00
2.000
1,827
152
2.002
07/31/2024
724468AC7
1483
Pitney Bowes Bank
04/14/2023
244,000.00
246,482.44
244,000.00
4.350
1,826
1,504
4.355
04/13/2028
72651LCL6
1195
Plains Commerce Bank
06/07/2019
245,000.00
242,820.80
245,000.00
2.550
1,827
98
2.553
06/07/2024
732329BD8
1425
Ponce Bank
09/15/2022
248,000.00
243,010.20
248,000.00
3.500
1,826
1,293
3.502
09/15/2027
740367HP5
1213
Preferred Bank
08/16/2019
249,000.00
244,775.05
249,000.00
2.000
1,827
168
2.002
08/16/2024
761402BY1
1203
Revere Bank
06/28/2019
247,000.00
244,211.06
247,000.00
2.300
1,827
119
2.303
06/28/2024
77357DADO
1560
Rockland Federal Credit Union
12/22/2023
248,000.00
249,811.39
248,000.00
4.600
1,096
1,026
4.604
12/22/2026
Portfolio CITY
CP
Run Date: 05/17/2024 - 12:15
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
February 29, 2024
Page 9
CUSIP
Investment #
Average
Issuer Balance
Purchase
Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM
365
Maturity
Date
Certificate of
Deposits
795451AF0
1327
Sallie Mae Bank Salt Lake Clty
07/28/2021
248,000.00
228,903.30
248,000.00
1.000
1,826
879
1.001
07/28/2026
804375DL4
1235
Sauk Valley B&T Co
11/07/2019
248,000.00
241,397.37
248,000.00
1.700
1,827
251
1.702
11/07/2024
843383CS7
1498
Southern Bank Poplar MO
05/17/2023
248,000.00
249,259.79
248,000.00
4.200
1,827
1,538
4.205
05/17/2028
80865MAB3
1454
Scient FCU
01/13/2023
248,000.00
245,871.35
248,000.00
4.650
731
318
4.656
01/13/2025
79772FAG1
1459
San Francisco FCU
02/03/2023
248,000.00
250,596.97
248,000.00
4.350
1,826
1,434
4.352
02/03/2028
82671DAB3
1458
Signature FCU
01/31/2023
248,000.00
251,102.79
248,000.00
4.400
1,826
1,431
4.402
01/31/2028
78472EABO
1455
SPCO Credit Union
01/20/2023
249,000.00
251,245.33
249,000.00
4.350
1,826
1,420
4.352
01/20/2028
849430BF9
1257
Spring Bank
03/20/2020
248,000.00
239,201.60
248,000.00
1.500
1,826
384
1.501
03/20/2025
84229LBA9
1434
Southern Bank Sardis GA
10/28/2022
244,000.00
243,139.38
244,000.00
4.250
1,188
698
4.254
01/28/2026
84287PJH6
1577
Southern First Bank
02/14/2024
248,000.00
247,847.70
248,000.00
4.700
455
439
4.687
05/14/2025
84223QAN7
1286
Southern Bancorp Bk
06/26/2020
248,000.00
239,687.08
248,000.00
0.500
1,582
238
0.500
10/25/2024
85279AAC6
1509
St Vincent Med Center FCU
06/16/2023
248,000.00
250,953.71
248,000.00
4.600
1,461
1,202
4.604
06/16/2027
87165ET98
1332
Synchrony Bank Retail
09/03/2021
245,000.00
224,602.50
245,000.00
0.900
1,826
916
0.900
09/03/2026
89388CEYO
1328
Transportation Alliance Bk TAB
07/23/2021
248,000.00
237,678.53
248,000.00
0.400
1,280
328
0.401
01/23/2025
87868YAQ6
1501
Technology Credit Union
05/30/2023
248,000.00
250,929.23
248,000.00
5.000
1,095
819
5.005
05/29/2026
882213AB7
1260
Texas Bank Financial
03/31/2020
245,000.00
243,795.52
245,000.00
1.100
1,458
27
1.101
03/28/2024
472382AQ3
1272
The Jefferson Bank
04/15/2020
248,000.00
246,336.41
248,000.00
1.250
1,461
45
1.251
04/15/2024
89235MKY6
1314
Toyota Financial Savings Bank
04/22/2021
245,000.00
227,204.50
245,000.00
0.900
1,826
782
0.900
04/22/2026
89789AAG2
1473
Truliant FCU
03/10/2023
248,000.00
252,335.87
248,000.00
4.700
1,645
1,288
4.707
09/10/2027
89841MAX5
1563
Trustone Financial CU
12/28/2023
248,000.00
246,576.13
248,000.00
5.150
365
301
5.164
12/27/2024
89786MAF1
1368
True Sky FCU
02/04/2022
245,000.00
227,477.28
245,000.00
1.600
1,826
1,070
1.601
02/04/2027
898812AC6
1537
Tucson FCU
09/08/2023
248,000.00
257,768.21
248,000.00
5.000
1,827
1,652
5.005
09/08/2028
90355GHG4
1546
UBS Bank USA
10/25/2023
248,000.00
257,148.15
248,000.00
4.900
1,827
1,699
4.905
10/25/2028
909557KQ2
1477
United Bankers Bank
03/16/2023
248,000.00
248,220.86
248,000.00
5.000
732
381
4.823
03/17/2025
914098DJ4
1442
University Bank
11/30/2022
249,000.00
250,073.90
249,000.00
4.200
1,826
1,369
4.202
11/30/2027
914242AAO
1429
University Credit Union
09/26/2022
248,000.00
245,848.75
248,000.00
4.000
1,096
574
3.891
09/26/2025
91527PBY2
1495
Univest Bank & Trust
05/12/2023
248,000.00
250,689.60
248,000.00
4.350
1,827
1,533
4.355
05/12/2028
90983WBT7
1249
United Community
02/07/2020
248,000.00
238,048.69
248,000.00
1.650
1,827
343
1.652
02/07/2025
910286GN7
1513
United Fidelity Bank
06/29/2023
248,000.00
258,411.72
248,000.00
4.500
1,827
1,581
4.505
06/29/2028
91139LAB2
1378
United Roosevelt Savings
03/11/2022
248,000.00
231,803.78
248,000.00
1.900
1,826
1,105
1.901
03/11/2027
90352RDB8
1500
US Alliance FCU
05/26/2023
248,000.00
252,538.07
248,000.00
4.550
1,827
1,547
4.555
05/26/2028
91739JAB1
1523
Utah First FCU
07/21/2023
245,000.00
254,285.50
245,000.00
5.000
1,827
1,603
5.006
07/21/2028
913065ADO
1553
United Teletech Financial FCU
11/08/2023
248,000.00
256,194.52
248,000.00
5.100
1,461
1,347
5.103
11/08/2027
92559TAJ7
1325
Vibrant Credit Union
07/02/2021
249,000.00
228,764.58
248,377.50
0.800
1,824
851
0.852
06/30/2026
92834ABT2
1496
VisionBank
05/12/2023
248,000.00
247,934.17
248,000.00
4.050
1,827
1,533
4.055
05/12/2028
92023CAJ2
1552
ValleyStar Credit Union
11/08/2023
247,000.00
259,280.85
247,000.00
5.200
1,827
1,713
5.205
11/08/2028
Portfolio CITY
CP
Run Date: 05/17/2024 - 12:15
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Page 10
Portfolio Details - Investments
February 29, 2024
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
92891CCZ3
1472
VystarCU
03/10/2023 248,000.00
252,347.51
248,000.00
4.550
1,827
1,470
4.555 03/10/2028
98138MCA6
1548
Workers FCU
10/30/2023 248,000.00
260,283.76
248,000.00
5.200
1,827
1,704
5.206 10/30/2028
938828BH2
1215
Washington Federal
08/23/2019 248,000.00
243,640.70
248,000.00
2.000
1,827
175
2.002 08/23/2024
95960NKD8
1277
Western State Bank
05/13/2020 245,000.00
233,897.61
245,000.00
1.000
1,826
438
1.001 05/13/2025
Subtotal and Average
41,155,860.26 41,055,000.00
40,514,887.60
41,054,377.50
1,628
852
3.042
Corporate Notes
45950VPS9 1308 International Finance Corp. 02/26/2021
500,000.00
456,605.00
497,300.00 0.500
1,826
727
0.610 02/26/2026
931142EE9 1512 Wal-Mart Stores, Inc 06/26/2023
1,000,000.00
967,160.00
973,110.00 3.700
1,827
1,578
4.303 06/26/2028
Subtotal and Average 1,470,410.00
1,500,000.00
1,423,765.00
1,470,410.00
1,827
1,290
3.054
Money Market with Fiscal Agent
SYS1058 1058 US Bank 07/01/2016
1,695,737.09
1,695,737.09
1,695,737.09
1
1
0.000
Subtotal and Average 72,006.48
1,695,737.09
1,695,737.09
1,695,737.09
1
1
0.000
CERBT - OPEB Trust
SYS1114 1114
CalPERS CERBT Plan 07/01/2023
1,955,099.21
1,955,099.21
1,955,099.21
1 1 0.000
Subtotal and Average 1,955,099.21
1,955,099.21
1,955,099.21
1,955,099.21
1 1 0.000
PARS Pension Trust
SYS1230 1230
Pblc Agncy Rtrmnt Sery
5,549,606.10
5,549,606.10
5,549,606.10
1 1 0.000
Subtotal and Average 5,530,808.79
5,549,606.10
5,549,606.10
5,549,606.10
1 1 0.000
Total and Average 244,932,688.67
251,407,270.55
246,192,683.63
250,035,742.39
895 502 3.630
Portfolio CITY
CID
Run Date: 05/17/2024 - 12:15
PM (PRF_PM2) 7.3.0
GEM of the DESERT -
City of La Quinta
Total Earnings
Sorted by Fund - Fund
February 1, 2024 - February 29, 2024
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
19,669,740.01
19,669,740.01
19,669,740.01
4.122
4.278
66,853.27
0.00
0.00
66,853.27
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
1,955,099.21
1,955,099.21
1,955,099.21
0.00
0.00
0.00
0.00
SYS1153
1153
101
CAMP
30,405,450.26
30,273,452.87
30,405,450.26
5.500
5.488
131,997.39
0.00
0.00
131,997.39
949763XY7
1174
101
WELLS
0.00
248,000.00
0.00
3.000
3.000
550.36
0.00
0.00
550.36
3130AFW94
1177
101
FHLB
0.00
498,550.00
0.00
2.500
11.389
416.67
0.00
1,450.00
1,866.67
66736ABP3
1181
101
NRTHWS
0.00
248,000.00
0.00
2.950
2.950
260.57
0.00
0.00
260.57
156634AK3
1184
101
CENTNX
248,000.00
248,000.00
248,000.00
2.500
2.500
492.61
0.00
0.00
492.61
48128HXU7
1185
101
JPMORG
245,000.00
245,000.00
245,000.00
3.250
3.250
632.64
0.00
0.00
632.64
46256YAZ2
1186
101
IOWAST
245,000.00
245,000.00
245,000.00
2.400
2.400
467.18
0.00
0.00
467.18
56065GAG3
1188
101
MAINST
248,000.00
248,000.00
248,000.00
2.600
2.600
512.31
0.00
0.00
512.31
72651LCL6
1195
101
PLAINS
245,000.00
245,000.00
245,000.00
2.550
2.550
496.38
0.00
0.00
496.38
299547AQ2
1196
101
EVNSCU
248,000.00
248,000.00
248,000.00
2.600
2.600
512.31
0.00
0.00
512.31
524661CB9
1197
101
LEGCY
248,000.00
248,000.00
248,000.00
2.400
2.400
472.90
0.00
0.00
472.90
176688CP2
1199
101
CTZNST
248,000.00
248,000.00
248,000.00
2.400
2.400
472.90
0.00
0.00
472.90
20416TAQ5
1202
101
COMMW
248,000.00
248,000.00
248,000.00
2.250
2.250
443.34
0.00
0.00
443.34
761402BY1
1203
101
REVER
247,000.00
247,000.00
247,000.00
2.300
2.300
451.37
0.00
0.00
451.37
3135GOV75
1206
101
FNMA
500,000.00
495,950.00
495,950.00
1.750
1.850
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
384.23
0.00
0.00
384.23
33625CCP2
1209
101
1STSEC
248,000.00
248,000.00
248,000.00
2.000
2.000
394.08
0.00
0.00
394.08
710571DS6
1210
101
PEOPLE
248,000.00
248,000.00
248,000.00
2.000
2.000
394.08
0.00
0.00
394.08
3133EKWV4
1212
101
FFCB
500,000.00
499,500.00
499,500.00
1.850
1.942
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
395.67
0.00
0.00
395.67
938828BH2
1215
101
WSHFED
248,000.00
248,000.00
248,000.00
2.000
2.000
394.08
0.00
0.00
394.08
33766LAJ7
1216
101
1STIER
249,000.00
249,000.00
249,000.00
1.950
1.950
385.78
0.00
0.00
385.78
15118RRH2
1220
101
CELTIC
248,000.00
248,000.00
248,000.00
1.850
1.850
364.53
0.00
0.00
364.53
334342CD2
1221
101
1STNBS
249,000.00
249,000.00
249,000.00
1.850
1.850
366.00
0.00
0.00
366.00
336460CX6
1222
101
1STDQN
248,000.00
248,000.00
248,000.00
1.800
1.800
354.67
0.00
0.00
354.67
3133EKP75
1224
101
FFCB
500,000.00
498,750.00
498,750.00
1.600
1.682
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
334.97
0.00
0.00
334.97
Run Date: 05/17/2024 - 12:20
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, 2024 - February 29, 2024
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
059731851
1228
101
BOTW
1,168,409.74
13,971,997.84
1,168,409.74
0.00
0.00
0.00
0.00
SYS1230
1230
101
PARS
5,549,606.10
5,530,137.46
5,549,606.10
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
334.97
0.00
0.00
334.97
804375DL4
1235
101
SAUKVL
248,000.00
248,000.00
248,000.00
1.700
1.700
334.97
0.00
0.00
334.97
61760A3133
1236
101
MSPRIV
245,000.00
245,000.00
245,000.00
1.900
1.900
369.85
0.00
0.00
369.85
61690UNX4
1237
101
MORGST
245,000.00
245,000.00
245,000.00
1.950
1.950
379.58
0.00
0.00
379.58
538036GV0
1238
101
LIVEOK
248,000.00
248,000.00
248,000.00
1.800
1.800
354.67
0.00
0.00
354.67
912828YV6
1241
101
USTR
1,000,000.00
989,687.50
989,687.50
1.500
1.511
1,188.52
0.00
0.00
1,188.52
3133ELEA8
1242
101
FFCB
1,000,000.00
998,600.00
998,600.00
1.700
1.786
1,416.66
0.00
0.00
1,416.66
3133ELNE0
1246
101
FFCB
0.00
999,000.00
0.00
1.430
4.262
516.39
0.00
1,000.00
1,516.39
35637RDC8
1248
101
FRDMFI
248,000.00
248,000.00
248,000.00
1.550
1.550
305.41
0.00
0.00
305.41
90983WBT7
1249
101
UNTDCM
248,000.00
248,000.00
248,000.00
1.650
1.650
325.12
0.00
0.00
325.12
32114VBT3
1250
101
1STNM1
248,000.00
248,000.00
248,000.00
1.650
1.650
325.12
0.00
0.00
325.12
77579ADFO
1251
101
RLLSTN
0.00
245,000.00
0.00
1.650
1.650
121.83
0.00
0.00
121.83
17286TAG0
1252
101
CITADL
248,000.00
248,000.00
248,000.00
1.650
1.650
325.12
0.00
0.00
325.12
029728BC5
1255
101
AMERST
248,000.00
248,000.00
248,000.00
1.600
1.600
315.27
0.00
0.00
315.27
00435J131-15
1256
101
ACCSS
248,000.00
248,000.00
248,000.00
1.600
1.600
315.27
0.00
0.00
315.27
849430BF9
1257
101
SPRING
248,000.00
248,000.00
248,000.00
1.500
1.500
295.57
0.00
0.00
295.57
05465DAE8
1258
101
AXOS
248,000.00
248,000.00
248,000.00
1.650
1.650
325.12
0.00
0.00
325.12
882213AB7
1260
101
TEXAS
245,000.00
245,000.00
245,000.00
1.100
1.100
214.12
0.00
0.00
214.12
654062JZ2
1266
101
NCOLET
248,000.00
248,000.00
248,000.00
1.400
1.400
275.86
0.00
0.00
275.86
020080BX4
1267
101
ALMABK
248,000.00
248,000.00
248,000.00
1.400
1.400
275.86
0.00
0.00
275.86
2027506M2
1268
101
CMWBUS
248,000.00
248,000.00
248,000.00
1.250
1.250
246.30
0.00
0.00
246.30
69506YRH4
1269
101
PACWST
245,000.00
245,000.00
245,000.00
1.300
1.300
253.05
0.00
0.00
253.05
08016PDQ9
1270
101
BELB&T
248,000.00
248,000.00
248,000.00
1.250
1.250
246.30
0.00
0.00
246.30
14042TDD6
1271
101
CAPONE
245,000.00
245,000.00
245,000.00
1.600
1.600
311.45
0.00
0.00
311.45
472382AQ3
1272
101
THEJEF
248,000.00
248,000.00
248,000.00
1.250
1.250
246.30
0.00
0.00
246.30
32027BALl
1273
101
1STFDM
249,000.00
249,000.00
249,000.00
1.200
1.200
237.41
0.00
0.00
237.41
32112UDR9
1274
101
1STMCG
248,000.00
248,000.00
248,000.00
1.350
1.350
266.00
0.00
0.00
266.00
33847E3A3
1276
101
FLGSTR
248,000.00
248,000.00
248,000.00
1.250
1.250
246.30
0.00
0.00
246.30
95960NKD8
1277
101
WSTRNS
245,000.00
245,000.00
245,000.00
1.000
1.000
194.66
0.00
0.00
194.66
32056GDJ6
1278
101
1STINT
248,000.00
248,000.00
248,000.00
1.000
1.000
197.04
0.00
0.00
197.04
3134GVYG7
1279
101
FHLMC
1,000,000.00
1,000,000.00
1,000,000.00
0.625
0.656
520.83
0.00
0.00
520.83
3133ELH23
1280
101
FFCB
500,000.00
499,850.00
499,850.00
0.500
0.525
208.33
0.00
0.00
208.33
3130AJKW8
1281
101
FHLB
500,000.00
499,850.00
499,850.00
0.500
0.525
208.34
0.00
0.00
208.34
3133ELH80
1282
101
FFCB
500,000.00
500,000.00
500,000.00
0.680
0.713
283.33
0.00
0.00
283.33
3130AJRP6
1283
101
FHLB
300,000.00
300,000.00
300,000.00
0.680
0.713
170.00
0.00
0.00
170.00
Run Date: 05/17/2024 - 12:20
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, 2024 - February 29, 2024
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
169894AS1
1284
101
CHIPVA
248,000.00
248,000.00
248,000.00
0.600
0.600
118.22
0.00
0.00
118.22
84223QAN7
1286
101
STHRNB
248,000.00
248,000.00
248,000.00
0.500
0.500
98.52
0.00
0.00
98.52
064520BG3
1287
101
BKPRNC
248,000.00
248,000.00
248,000.00
0.500
0.500
98.52
0.00
0.00
98.52
3135G05S8
1288
101
FNMA
500,000.00
500,000.00
500,000.00
0.500
0.524
208.34
0.00
0.00
208.34
3136G4N74
1289
101
FNMA
1,000,000.00
1,000,000.00
1,000,000.00
0.560
0.587
466.67
0.00
0.00
466.67
3136G4M75
1290
101
FNMA
500,000.00
499,750.00
499,750.00
0.520
0.546
216.67
0.00
0.00
216.67
3135G06E8
1291
101
FNMA
500,000.00
499,250.00
499,250.00
0.420
0.441
175.00
0.00
0.00
175.00
3135GA2Z3
1292
101
FNMA
500,000.00
499,250.00
499,250.00
0.560
0.588
233.33
0.00
0.00
233.33
SYS1293
1293
101
BNY
397,157.72
2,820,127.19
397,157.72
0.00
0.00
0.00
0.00
3137EAEU9
1297
101
FHLMC
1,000,000.00
997,300.00
997,300.00
0.375
0.394
312.50
0.00
0.00
312.50
3130AKFA9
1298
101
FHLB
500,000.00
497,400.00
497,400.00
0.375
0.395
156.25
0.00
0.00
156.25
3135GA7D7
1299
101
FNMA
500,000.00
500,000.00
500,000.00
0.600
0.629
250.00
0.00
0.00
250.00
3135GAAW1
1300
101
FNMA
500,000.00
500,000.00
500,000.00
0.400
0.420
166.67
0.00
0.00
166.67
3134GXGZ1
1301
101
FHLMC
500,000.00
500,000.00
500,000.00
0.550
0.577
229.16
0.00
0.00
229.16
3130AKMZ6
1302
101
FHLB
500,000.00
500,000.00
500,000.00
0.510
0.535
212.50
0.00
0.00
212.50
91282CBC4
1303
101
USTR
500,000.00
498,632.81
498,632.81
0.375
0.377
149.38
0.00
0.00
149.38
3130AKN28
1304
101
FHLB
500,000.00
500,000.00
500,000.00
0.550
0.577
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
98.52
0.00
0.00
98.52
87270LDL4
1306
101
EVRBA
245,000.00
245,000.00
245,000.00
0.500
0.500
97.33
0.00
0.00
97.33
3137EAEX3
1307
101
FHLMC
500,000.00
495,999.50
495,999.50
0.375
0.396
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
197.31
0.00
0.00
197.31
91282CBH3
1309
101
USTR
500,000.00
495,100.00
495,100.00
0.375
0.380
149.38
0.00
0.00
149.38
3137EAEX3
1310
101
FHLMC
1,000,000.00
983,940.00
983,940.00
0.375
0.400
312.50
0.00
0.00
312.50
91282CAT8
1311
101
USTR
1,000,000.00
977,500.00
977,500.00
0.250
0.256
199.17
0.00
0.00
199.17
3130ALV92
1312
101
FHLB
500,000.00
500,000.00
500,000.00
1.050
1.101
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
187.94
0.00
0.00
187.94
89235MKY6
1314
101
TOYFSB
245,000.00
245,000.00
245,000.00
0.900
0.900
175.19
0.00
0.00
175.19
91282CAZ4
1315
101
USTR
500,000.00
492,187.50
492,187.50
0.375
0.380
148.56
0.00
0.00
148.56
14622LAA0
1316
101
CARTER
248,000.00
248,000.00
248,000.00
0.750
0.750
147.78
0.00
0.00
147.78
31617CAV5
1317
101
FIDHMS
248,000.00
248,000.00
248,000.00
0.700
0.700
137.93
0.00
0.00
137.93
SYS1318
1318
101
DPME
917,580.65
928,031.62
917,580.65
0.00
0.00
0.00
0.00
91282CBQ3
1319
101
USTR
500,000.00
494,165.00
494,165.00
0.500
0.507
199.10
0.00
0.00
199.10
91282CBT7
1320
101
USTR
500,000.00
499,525.00
499,525.00
0.750
0.749
297.13
0.00
0.00
297.13
91282CCF6
1321
101
USTR
1,000,000.00
997,060.00
997,060.00
0.750
0.750
594.27
0.00
0.00
594.27
91282CBT7
1322
101
USTR
500,000.00
498,450.00
498,450.00
0.750
0.750
297.13
0.00
0.00
297.13
91282CCF6
1323
101
USTR
500,000.00
497,095.00
497,095.00
0.750
0.752
297.13
0.00
0.00
297.13
3130AMFS6
1324
101
FHLB
1,000,000.00
993,420.00
993,420.00
0.750
0.792
625.00
0.00
0.00
625.00
Run Date: 05/17/2024 - 12:20
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, 2024 - February 29, 2024
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
92559TAJ7
1325
101
VIBRNT
249,000.00
248,377.50
248,377.50
0.800
0.802
158.27
0.00
0.00
158.27
38149MXK4
1326
101
GLDMAN
248,000.00
248,000.00
248,000.00
1.000
1.000
197.04
0.00
0.00
197.04
795451AF0
1327
101
SALMAE
248,000.00
248,000.00
248,000.00
1.000
1.000
197.04
0.00
0.00
197.04
89388CEY0
1328
101
TABBK
248,000.00
248,000.00
248,000.00
0.400
0.400
78.82
0.00
0.00
78.82
06417NZQ9
1329
101
BKOZK
248,000.00
248,000.00
248,000.00
0.400
0.400
78.81
0.00
0.00
78.81
3133EM2C5
1330
101
FFCB
500,000.00
498,000.00
498,000.00
0.710
0.748
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
138.48
0.00
0.00
138.48
87165ET98
1332
101
SYNCHR
245,000.00
245,000.00
245,000.00
0.900
0.900
175.19
0.00
0.00
175.19
05580AD50
1333
101
BMW
245,000.00
245,000.00
245,000.00
0.650
0.650
126.52
0.00
0.00
126.52
20786ADL6
1334
101
CONNEC
248,000.00
248,000.00
248,000.00
0.800
0.800
157.63
0.00
0.00
157.63
91282CCP4
1335
101
USTR
1,000,000.00
983,750.00
983,750.00
0.625
0.637
497.94
0.00
0.00
497.94
91282CCW9
1336
101
USTR
1,000,000.00
988,500.00
988,500.00
0.750
0.761
597.30
0.00
0.00
597.30
3130APBM6
1337
101
FHLB
1,000,000.00
999,000.00
999,000.00
1.000
1.050
833.33
0.00
0.00
833.33
3133EM4X7
1338
101
FFCB
1,000,000.00
991,080.00
991,080.00
0.800
0.847
666.67
0.00
0.00
666.67
3130APB46
1339
101
FHLB
1,000,000.00
998,250.00
998,250.00
0.950
0.998
791.67
0.00
0.00
791.67
91282CDB4
1343
101
USTR
1,000,000.00
996,320.00
996,320.00
0.625
0.626
495.22
0.00
0.00
495.22
3133ENCQ1
1344
101
FFCB
1,000,000.00
1,000,000.00
1,000,000.00
1.270
1.332
1,058.34
0.00
0.00
1,058.34
59013KPN0
1345
101
MRRCK
249,000.00
249,000.00
249,000.00
1.100
1.100
217.62
0.00
0.00
217.62
14042RQBO
1346
101
CAP1NA
248,000.00
248,000.00
248,000.00
1.100
1.100
216.75
0.00
0.00
216.75
3130APTV7
1347
101
FHLB
500,000.00
499,500.00
499,500.00
2.000
2.100
833.33
0.00
0.00
833.33
91282CBR1
1352
101
USTR
1,000,000.00
989,800.00
989,800.00
0.250
0.253
199.18
0.00
0.00
199.18
3130AP2U8
1353
101
FHLB
1,000,000.00
987,100.00
987,100.00
0.550
0.584
458.33
0.00
0.00
458.33
3135G06G3
1354
101
FNMA
1,000,000.00
976,300.00
976,300.00
0.500
0.537
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
1.017
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
197.04
0.00
0.00
197.04
20825WAR1
1357
101
CNNXS
249,000.00
249,000.00
249,000.00
1.250
1.250
247.29
0.00
0.00
247.29
3130AQF65
1358
101
FHLB
1,000,000.00
999,750.00
999,750.00
1.250
1.311
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
0.863
333.34
0.00
0.00
333.34
91282CBV2
1360
101
USTR
500,000.00
494,882.81
494,882.81
0.375
0.378
148.57
0.00
0.00
148.57
3137EAEU9
1361
101
FHLMC
500,000.00
487,090.00
487,090.00
0.375
0.404
156.25
0.00
0.00
156.25
3134GW5R3
1362
101
FHLMC
400,000.00
391,360.00
391,360.00
0.650
0.697
216.67
0.00
0.00
216.67
307811DF3
1363
101
FARMER
249,000.00
249,000.00
249,000.00
0.900
0.900
178.05
0.00
0.00
178.05
3130AQJR5
1364
101
FHLB
1,000,000.00
1,000,000.00
1,000,000.00
1.500
1.573
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
0.672
260.41
0.00
0.00
260.41
3134GWUQ7
1366
101
FHLMC
1,000,000.00
945,570.00
945,570.00
0.700
0.776
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
1.919
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
311.45
0.00
0.00
311.45
Run Date: 05/17/2024 - 12:20
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, 2024 - February 29, 2024
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
912828Z78
1369
101
USTR
1,000,000.00
986,700.00
986,700.00
1.500
1.524
1,195.05
0.00
0.00
1,195.05
07371AYE7
1370
101
BEALTX
245,000.00
245,000.00
245,000.00
1.900
1.900
369.85
0.00
0.00
369.85
073710E88
1371
101
BEALUS
245,000.00
245,000.00
245,000.00
1.900
1.900
369.85
0.00
0.00
369.85
02357QAQ0
1372
101
AMRNT
245,000.00
245,000.00
245,000.00
1.600
1.600
311.46
0.00
0.00
311.46
59161YAP1
1373
101
METRO
249,000.00
249,000.00
249,000.00
1.700
1.700
336.32
0.00
0.00
336.32
3130AQWY5
1374
101
FHLB
1,000,000.00
1,000,000.00
1,000,000.00
1.700
1.783
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
389.32
0.00
0.00
389.32
64034KAZ4
1376
101
NELNET
245,000.00
245,000.00
245,000.00
1.800
1.800
350.39
0.00
0.00
350.39
24773RCR4
1377
101
DELTA
245,000.00
245,000.00
245,000.00
2.000
2.000
389.31
0.00
0.00
389.31
91139LAB2
1378
101
URSVLT
248,000.00
248,000.00
248,000.00
1.900
1.900
374.38
0.00
0.00
374.38
565819AG4
1379
101
MRTHON
248,000.00
248,000.00
248,000.00
1.800
1.800
354.67
0.00
0.00
354.67
91282CCW9
1380
101
USTR
500,000.00
466,454.17
466,454.17
0.750
0.806
298.65
0.00
0.00
298.65
91282CDG3
1381
101
USTR
500,000.00
473,396.82
473,396.82
1.125
1.191
448.14
0.00
0.00
448.14
91282CBQ3
1382
101
USTR
750,000.00
698,025.00
698,025.00
0.500
0.539
298.65
0.00
0.00
298.65
912828654
1383
101
USTR
1,000,000.00
999,010.00
999,010.00
2.375
2.384
1,892.17
0.00
0.00
1,892.17
50625LAW3
1384
101
LFYTT
248,000.00
248,000.00
248,000.00
2.050
2.050
403.93
0.00
0.00
403.93
3130ARGJ4
1385
101
FHLB
500,000.00
500,000.00
500,000.00
2.500
2.622
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
522.16
0.00
0.00
522.16
3130ARGY1
1387
101
FHLB
1,000,000.00
1,000,000.00
1,000,000.00
2.700
2.832
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
496.38
0.00
0.00
496.38
52168UHY1
1389
101
LEADR
245,000.00
245,000.00
245,000.00
2.550
2.550
496.37
0.00
0.00
496.37
9128283D0
1390
101
USTR
1,000,000.00
985,190.00
985,190.00
2.250
2.290
1,792.58
0.00
0.00
1,792.58
91282CEF4
1391
101
USTR
1,000,000.00
976,860.00
976,860.00
2.500
2.552
1,980.87
0.00
0.00
1,980.87
254673E69
1392
101
DISCOV
245,000.00
245,000.00
245,000.00
3.100
3.100
603.44
0.00
0.00
603.44
912828X88
1397
101
USTR
1,000,000.00
969,687.50
969,687.50
2.375
2.456
1,892.17
0.00
0.00
1,892.17
91282CEN7
1398
101
USTR
500,000.00
495,000.00
495,000.00
2.750
2.785
1,095.47
0.00
0.00
1,095.47
91282CET4
1399
101
USTR
500,000.00
491,842.18
491,842.18
2.625
2.661
1,039.96
0.00
0.00
1,039.96
91282821,13
1400
101
USTR
500,000.00
490,850.00
490,850.00
1.875
1.914
746.63
0.00
0.00
746.63
3133ENYH7
1401
101
FFCB
500,000.00
499,080.00
499,080.00
2.625
2.758
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
3.461
825.00
0.00
0.00
825.00
91282CFB2
1417
101
USTR
1,000,000.00
989,460.00
989,460.00
2.750
2.787
2,190.93
0.00
0.00
2,190.93
912828XT2
1418
101
USTR
1,000,000.00
985,240.00
985,240.00
2.000
2.024
1,584.70
0.00
0.00
1,584.70
397417AQ9
1419
101
GRNWDS
248,000.00
248,000.00
248,000.00
3.050
3.050
600.97
0.00
0.00
600.97
88413QDN5
1420
101
3RD
245,000.00
245,000.00
245,000.00
3.300
3.300
642.37
0.00
0.00
642.37
02589ADH2
1421
101
AMEXNB
245,000.00
245,000.00
245,000.00
3.450
3.450
671.57
0.00
0.00
671.57
91282CFB2
1422
101
USTR
1,000,000.00
979,645.67
979,645.67
2.750
2.815
2,190.93
0.00
0.00
2,190.93
732329BD8
1425
101
PONCE
248,000.00
248,000.00
248,000.00
3.500
3.500
689.64
0.00
0.00
689.64
Run Date: 05/17/2024 - 12:20
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, 2024 - February 29, 2024
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
3133ENL99
1426
101
FFCB
1,000,000.00
997,492.55
997,492.55
3.375
3.549
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
748.76
0.00
0.00
748.76
914242AA0
1429
101
UNIVCU
248,000.00
248,000.00
248,000.00
4.000
4.000
788.16
0.00
0.00
788.16
22258JAB7
1430
101
CNTYSC
248,000.00
248,000.00
248,000.00
4.400
4.400
866.98
0.00
0.00
866.98
3133ENQ29
1433
101
FFCB
1,000,000.00
996,400.00
996,400.00
4.000
4.211
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
823.92
0.00
0.00
823.92
34520LAT0
1435
101
FORBRT
248,000.00
248,000.00
248,000.00
4.600
4.600
906.39
0.00
0.00
906.39
25460FDW3
1438
101
DIRFCU
248,000.00
248,000.00
248,000.00
4.800
4.800
945.79
0.00
0.00
945.79
9128282R0
1439
101
USTR
1,000,000.00
927,110.00
927,110.00
2.250
2.421
1,783.18
0.00
0.00
1,783.18
3133EN31-11
1441
101
FFCB
1,000,000.00
998,650.00
998,650.00
4.000
4.201
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
830.91
0.00
0.00
830.91
3133EN3S7
1446
101
FFCB
1,000,000.00
998,000.00
998,000.00
3.750
3.941
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
883.11
0.00
0.00
883.11
01664MAB2
1448
101
ALL IN
248,000.00
248,000.00
248,000.00
4.400
4.400
866.98
0.00
0.00
866.98
51828MAC8
1449
101
LATCOM
248,000.00
248,000.00
248,000.00
4.500
4.500
886.69
0.00
0.00
886.69
45157PAZ3
1450
101
IDEAL
248,000.00
248,000.00
248,000.00
4.500
4.500
886.68
0.00
0.00
886.68
01882MAC6
1451
101
ALIANT
247,000.00
247,000.00
247,000.00
5.000
5.000
981.23
0.00
0.00
981.23
80865MAB3
1454
101
SCIENT
248,000.00
248,000.00
248,000.00
4.650
4.650
916.24
0.00
0.00
916.24
78472EAB0
1455
101
SPCOCU
249,000.00
249,000.00
249,000.00
4.350
4.350
860.59
0.00
0.00
860.59
91282CFH9
1456
101
USTR
500,000.00
489,175.00
489,175.00
3.125
3.202
1,244.38
0.00
0.00
1,244.38
300185LM5
1457
101
EVRGRN
248,000.00
248,000.00
248,000.00
3.850
3.850
758.61
0.00
0.00
758.61
82671DAB3
1458
101
SIGFCU
248,000.00
248,000.00
248,000.00
4.400
4.400
866.98
0.00
0.00
866.98
79772FAG1
1459
101
SF FCU
248,000.00
248,000.00
248,000.00
4.350
4.350
857.13
0.00
0.00
857.13
91282CGH8
1460
101
USTR
1,000,000.00
996,369.14
996,369.14
3.500
3.522
2,788.47
0.00
0.00
2,788.47
3133EPAV7
1464
101
FFCB
1,000,000.00
995,400.00
995,400.00
3.875
4.083
3,229.17
0.00
0.00
3,229.17
91282CEW7
1465
101
USTR
1,000,000.00
967,220.00
967,220.00
3.250
3.369
2,589.29
0.00
0.00
2,589.29
530520AH8
1466
101
LBRTYI
248,000.00
248,000.00
248,000.00
4.500
4.500
886.68
0.00
0.00
886.68
09582YAF9
1467
101
BLURDG
244,000.00
244,000.00
244,000.00
4.200
4.200
814.22
0.00
0.00
814.22
011852AE0
1469
101
ALASKA
248,000.00
248,000.00
248,000.00
4.600
4.600
906.39
0.00
0.00
906.39
92891CCZ3
1472
101
VYSTAR
248,000.00
248,000.00
248,000.00
4.550
4.550
896.54
0.00
0.00
896.54
89789AAG2
1473
101
TRUFCU
248,000.00
248,000.00
248,000.00
4.700
4.700
926.09
0.00
0.00
926.09
59524LAA4
1474
101
MIDCAR
248,000.00
248,000.00
248,000.00
4.850
4.850
955.66
0.00
0.00
955.66
49306SJ56
1475
101
KEYBNK
244,000.00
244,000.00
244,000.00
5.000
5.000
969.31
0.00
0.00
969.31
064860MC0
1476
101
BKSIER
244,000.00
244,000.00
244,000.00
4.600
4.600
891.77
0.00
0.00
891.77
909557KQ2
1477
101
UNBKRS
248,000.00
248,000.00
248,000.00
5.000
5.000
985.21
0.00
0.00
985.21
00833JAQ4
1478
101
AFFNTY
248,000.00
248,000.00
248,000.00
4.900
4.900
965.50
0.00
0.00
965.50
108622NJ6
1479
101
BRIDWA
248,000.00
248,000.00
248,000.00
4.850
4.850
955.65
0.00
0.00
955.65
Run Date: 05/17/2024 - 12:20
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, 2024 - February 29, 2024
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
3135GAGA3
1480
101
FNMA
2,000,000.00
2,000,000.00
2,000,000.00
5.200
5.454
8,666.67
0.00
0.00
8,666.67
3135GAGK1
1482
101
FNMA
3,000,000.00
3,000,000.00
3,000,000.00
5.050
5.297
12,625.00
0.00
0.00
12,625.00
724468AC7
1483
101
PITBOW
244,000.00
244,000.00
244,000.00
4.350
4.350
843.30
0.00
0.00
843.30
3134GYPJ5
1484
101
FHLMC
1,000,000.00
999,100.00
999,100.00
5.200
5.459
4,333.34
0.00
0.00
4,333.34
62384RAT3
1485
101
MTNAMR
248,000.00
248,000.00
248,000.00
4.700
4.700
926.09
0.00
0.00
926.09
60425SKB4
1486
101
MINWST
248,000.00
248,000.00
248,000.00
4.250
4.250
837.42
0.00
0.00
837.42
35089LAF0
1491
101
FRPNTS
248,000.00
248,000.00
248,000.00
4.550
4.550
896.54
0.00
0.00
896.54
062119BT8
1492
101
BANK59
248,000.00
248,000.00
248,000.00
4.250
4.250
837.42
0.00
0.00
837.42
152577BN1
1493
101
CENTRL
248,000.00
248,000.00
248,000.00
4.000
4.000
788.16
0.00
0.00
788.16
23248UAB3
1494
101
CYFAIR
248,000.00
248,000.00
248,000.00
4.500
4.500
886.69
0.00
0.00
886.69
91527PBY2
1495
101
UNIVST
248,000.00
248,000.00
248,000.00
4.350
4.350
857.13
0.00
0.00
857.13
92834ABT2
1496
101
VISION
248,000.00
248,000.00
248,000.00
4.050
4.050
798.01
0.00
0.00
798.01
12547CBJ6
1497
101
CIBCBK
244,000.00
244,000.00
244,000.00
4.350
4.350
843.30
0.00
0.00
843.30
843383CS7
1498
101
SBPOPM
248,000.00
248,000.00
248,000.00
4.200
4.200
827.57
0.00
0.00
827.57
06610RCA5
1499
101
BANKRS
248,000.00
248,000.00
248,000.00
4.150
4.150
817.73
0.00
0.00
817.73
90352RDB8
1500
101
USAFCU
248,000.00
248,000.00
248,000.00
4.550
4.550
896.54
0.00
0.00
896.54
87868YAQ6
1501
101
TECHCU
248,000.00
248,000.00
248,000.00
5.000
5.000
985.21
0.00
0.00
985.21
3133EPME2
1505
101
FFCB
1,000,000.00
998,190.00
998,190.00
3.875
4.072
3,229.17
0.00
0.00
3,229.17
16141BAC5
1506
101
CHRTWY
248,000.00
248,000.00
248,000.00
4.900
4.900
965.50
0.00
0.00
965.50
23204HPB8
1507
101
CUST
244,000.00
244,000.00
244,000.00
4.500
4.500
872.38
0.00
0.00
872.38
91282CGT2
1508
101
USTR
1,000,000.00
984,600.00
984,600.00
3.625
3.672
2,872.27
0.00
0.00
2,872.27
85279AAC6
1509
101
STVINC
248,000.00
248,000.00
248,000.00
4.600
4.600
906.39
0.00
0.00
906.39
01025RAG4
1510
101
ALABAM
248,000.00
248,000.00
248,000.00
5.000
5.000
985.20
0.00
0.00
985.20
38120MCA2
1511
101
GLDNST
249,000.00
249,000.00
249,000.00
4.450
4.450
880.36
0.00
0.00
880.36
931142EE9
1512
101
WALMRT
1,000,000.00
973,110.00
973,110.00
3.700
3.988
3,083.34
0.00
0.00
3,083.34
910286GN7
1513
101
UNTFDL
248,000.00
248,000.00
248,000.00
4.500
4.500
886.69
0.00
0.00
886.69
472312AA5
1514
101
JEEPCO
248,000.00
248,000.00
248,000.00
4.700
4.700
926.09
0.00
0.00
926.09
31911KAK4
1515
101
1STELK
248,000.00
248,000.00
248,000.00
4.400
4.400
866.98
0.00
0.00
866.98
9128281366
1518
101
USTR
0.00
1,969,580.00
0.00
2.750
43.037
2,092.39
0.00
30,420.00
32,512.39
05765LBU0
1520
101
BALBOA
248,000.00
248,000.00
248,000.00
4.400
4.400
866.98
0.00
0.00
866.98
6067-001TERM
1521
101
CAMP
20,000,000.00
20,000,000.00
20,000,000.00
5.645
5.645
89,693.43
0.00
0.00
89,693.43
560507AQ8
1522
101
MAINE
248,000.00
248,000.00
248,000.00
4.800
4.800
945.79
0.00
0.00
945.79
91739JAB1
1523
101
UTH1ST
245,000.00
245,000.00
245,000.00
5.000
5.000
973.28
0.00
0.00
973.28
91282CGT2
1524
101
USTR
1,000,000.00
990,000.00
990,000.00
3.625
3.652
2,872.27
0.00
0.00
2,872.27
91282CHA2
1525
101
USTR
1,000,000.00
985,000.00
985,000.00
3.500
3.563
2,788.46
0.00
0.00
2,788.46
30960QAR8
1526
101
FARMIG
248,000.00
248,000.00
248,000.00
5.400
5.400
1,064.02
0.00
0.00
1,064.02
3133EPQD0
1527
101
FFCB
1,000,000.00
998,655.69
998,655.69
4.250
4.464
3,541.66
0.00
0.00
3,541.66
Run Date: 05/17/2024 - 12:20
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, 2024 - February 29, 2024
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
91282CEK3
1528
101
USTR
1,000,000.00
980,080.00
980,080.00
2.500
2.558
1,991.76
0.00
0.00
1,991.76
3130ARHG9
1529
101
FHLB
0.00
982,520.00
0.00
2.125
26.244
1,593.75
0.00
17,480.00
19,073.75
912828W71
1530
101
USTR
2,000,000.00
1,960,078.13
1,960,078.13
2.125
2.162
3,367.48
0.00
0.00
3,367.48
3133EPSK2
1531
101
FFCB
1,000,000.00
990,400.00
990,400.00
4.250
4.501
3,541.66
0.00
0.00
3,541.66
499724AP7
1532
101
KNOX
248,000.00
248,000.00
248,000.00
4.850
4.850
955.65
0.00
0.00
955.65
05584CJJ6
1533
101
BNYMEL
244,000.00
244,000.00
244,000.00
4.500
4.500
872.39
0.00
0.00
872.39
313384YJ2
1534
101
FHLB
0.00
1,916,929.44
0.00
5.210
61.843
0.00
0.00
45,470.56
45,470.56
9128282U3
1535
101
USTR
3,000,000.00
2,899,170.81
2,899,170.81
1.875
1.945
4,479.77
0.00
0.00
4,479.77
9128282N9
1536
101
USTR
2,000,000.00
1,942,840.00
1,942,840.00
2.125
2.194
3,385.99
0.00
0.00
3,385.99
898812AC6
1537
101
TUCSON
248,000.00
248,000.00
248,000.00
5.000
5.000
985.21
0.00
0.00
985.21
60936TAL3
1538
101
MONEYI
248,000.00
248,000.00
248,000.00
5.000
5.000
985.21
0.00
0.00
985.21
52470QEC4
1539
101
LEGBKT
248,000.00
248,000.00
248,000.00
4.500
4.500
886.69
0.00
0.00
886.69
3130AXEL8
1541
101
FHLB
1,000,000.00
999,500.00
999,500.00
4.750
4.985
3,958.33
0.00
0.00
3,958.33
912796CX5
1542
101
USTR
2,000,000.00
1,945,964.16
1,945,964.16
5.315
0.00
0.00
0.00
0.00
91282CGT2
1543
101
USTR
1,000,000.00
949,180.00
949,180.00
3.625
3.809
2,872.27
0.00
0.00
2,872.27
666613MK7
1544
101
NORPNT
248,000.00
248,000.00
248,000.00
4.850
4.850
955.65
0.00
0.00
955.65
58404DTP6
1545
101
MEDBA
248,000.00
248,000.00
248,000.00
4.850
4.850
955.65
0.00
0.00
955.65
90355GHG4
1546
101
UBS
248,000.00
248,000.00
248,000.00
4.900
4.900
965.50
0.00
0.00
965.50
42228LAN1
1547
101
HEALTH
248,000.00
248,000.00
248,000.00
5.100
5.100
1,004.90
0.00
0.00
1,004.90
98138MCA6
1548
101
WORKRS
248,000.00
248,000.00
248,000.00
5.200
5.200
1,024.62
0.00
0.00
1,024.62
52171MAM7
1549
101
LEADRS
248,000.00
248,000.00
248,000.00
5.100
5.100
1,004.91
0.00
0.00
1,004.91
91282CFU0
1550
101
USTR
750,000.00
739,200.00
739,200.00
4.125
4.197
2,464.80
0.00
0.00
2,464.80
9127971-11-13
1551
101
USTR
1,000,000.00
974,178.00
974,178.00
5.222
0.00
0.00
0.00
0.00
92023CAJ2
1552
101
VLLSTR
247,000.00
247,000.00
247,000.00
5.200
5.200
1,020.48
0.00
0.00
1,020.48
913065AD0
1553
101
UTLTCH
248,000.00
248,000.00
248,000.00
5.100
5.100
1,004.91
0.00
0.00
1,004.91
3133EPC45
1554
101
FFCB
1,000,000.00
999,770.00
999,770.00
4.625
4.852
3,854.17
0.00
0.00
3,854.17
291916AJ3
1555
101
EMPOWR
247,000.00
247,000.00
247,000.00
5.250
5.250
1,030.29
0.00
0.00
1,030.29
372348DJ8
1556
101
GENOA
248,000.00
248,000.00
248,000.00
4.600
4.600
906.39
0.00
0.00
906.39
912797HS9
1558
101
USTR
2,000,000.00
1,949,466.22
1,949,466.22
5.110
0.00
0.00
0.00
0.00
67886WAJ6
1559
101
OKLACU
248,000.00
248,000.00
248,000.00
5.700
5.700
1,123.13
0.00
0.00
1,123.13
77357DAD0
1560
101
ROCKLA
248,000.00
248,000.00
248,000.00
4.600
4.600
906.39
0.00
0.00
906.39
37173RAL7
1561
101
GENSEE
244,000.00
244,000.00
244,000.00
4.200
4.200
814.23
0.00
0.00
814.23
319137CB9
1562
101
FRBA
244,000.00
244,000.00
244,000.00
4.450
4.450
862.69
0.00
0.00
862.69
89841MAX5
1563
101
TRUFIN
248,000.00
248,000.00
248,000.00
5.150
5.150
1,014.76
0.00
0.00
1,014.76
13016261-3
1564
101
CALCRE
244,000.00
244,000.00
244,000.00
5.100
5.100
988.70
0.00
0.00
988.70
9128285M8
1565
101
USTR
1,000,000.00
966,718.75
966,718.75
3.125
3.241
2,489.70
0.00
0.00
2,489.70
3130AYBQ8
1566
101
FHLB
1,000,000.00
999,516.00
999,516.00
4.750
4.984
3,958.33
0.00
0.00
3,958.33
Run Date: 05/17/2024 - 12:20
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings Page 9
February 1, 2024 - February 29, 2024
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
91282CJR3
1567
101
USTR
1,000,000.00
997,067.49
997,067.49
3.750
3.771
2,987.64
0.00
0.00
2,987.64
3133EPW84
1568
101
FFCB
1,000,000.00
992,100.00
992,100.00
3.875
4.097
3,229.16
0.00
0.00
3,229.16
3133EPW84
1569
101
FFCB
1,000,000.00
994,400.00
994,400.00
3.875
4.087
3,229.16
0.00
0.00
3,229.16
91282CJV4
1570
101
USTR
1,000,000.00
998,482.98
998,482.98
4.250
4.268
3,385.99
0.00
0.00
3,385.99
91282CJT9
1571
101
USTR
1,000,000.00
996,813.45
996,813.45
4.000
4.024
3,186.82
0.00
0.00
3,186.82
91282CFQ9
1572
101
USTR
1,000,000.00
995,910.11
995,910.11
4.375
4.405
3,485.58
0.00
0.00
3,485.58
3130AYKN5
1573
101
FHLB
1,000,000.00
999,992.84
999,992.84
4.810
5.045
4,008.34
0.00
0.00
4,008.34
32021YEV1
1574
101
1STFED
248,000.00
0.00
248,000.00
4.250
4.250
577.53
0.00
0.00
577.53
TYCXX
1575
101
INVSCO
14,850,894.25
0.00
14,850,894.25
5.180
8.780
74,167.44
0.00
0.00
74,167.44
06426KDE5
1576
101
NWENGL
248,000.00
0.00
248,000.00
4.850
4.850
494.30
0.00
0.00
494.30
84287PJH6
1577
101
STHRN1
248,000.00
0.00
248,000.00
4.700
4.700
479.01
0.00
0.00
479.01
3130AYXU5
1579
101
FHLB
2,000,000.00
0.00
2,000,000.00
4.450
4.813
3,955.56
0.00
0.00
3,955.56
3130AYYJ9
1580
101
FHLB
1,000,000.00
0.00
1,000,000.00
5.000
5.407
2,222.22
0.00
0.00
2,222.22
9128286131
1581
101
USTR
1,000,000.00
0.00
925,976.56
2.625
2.843
1,081.73
0.00
0.00
1,081.73
912796ZW2
1582
101
USTR
2,000,000.00
0.00
1,964,420.00
5.083
0.00
0.00
0.00
0.00
3135GAPL9
1583
101
FNMA
1,000,000.00
0.00
1,000,000.00
5.150
6.527
715.28
0.00
0.00
715.28
31341-11UX9
1584
101
FHLMC
1,000,000.00
0.00
1,000,000.00
5.500
11.153
305.56
0.00
0.00
305.56
3133EP3139
1598
101
FFCB
1,000,000.00
0.00
991,400.00
4.125
4.482
1,947.92
0.00
0.00
1,947.92
Subtotal
247,472,237.94
243,817,140.92
246,100,709.78
3.708
656,714.81
0.00
95,820.56
752,535.37
Fund: Fiscal
Agent
SYS1058
1058
231
USBANK
1,695,737.09
14,016.10
1,695,737.09
5.129
57.12
0.00
0.00
57.12
Subtotal
1,695,737.09
14,016.10
1,695,737.09
5.129
57.12
0.00
0.00
57.12
Fund: Housing
Authority :
WSA and LQ
SYS1062
1062
241
LQPR
133,687.42
121,711.74
133,687.42
0.00
0.00
0.00
0.00
Subtotal
133,687.42
121,711.74
133,687.42
0.00
0.00
0.00
0.00
Fund: SA Low/Mod
Bond Fund
25-33-005
1113
249
LAIF
2,105,608.10
2,105,608.10
2,105,608.10
4.122
4.291
7,178.29
0.00
0.00
7,178.29
Subtotal
2,105,608.10
2,105,608.10
2,105,608.10
4.291
7,178.29
0.00
0.00
7,178.29
Total
251,407,270.55
246,058,476.86
250,035,742.39
3.711
663,950.22
0.00
95,820.56
759,770.78
Run Date: 05/17/2024 - 12:20
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
t(V Qa 0 Kr(V
GEM of the DESERT —
Investments
City of La Quinta
Portfolio Management
Portfolio Summary
March 31, 2024
Par Market Book % of
Value Value Value Portfolio Term
City of La Quinta
Days to YTM
Maturity 365 Equiv.
Bank Accounts
2,080,265.49
2,080,265.49
2,080,265.49
0.83
1
1
0.000
CAMP TERM
20,000,000.00
20,000,000.00
20,000,000.00
8.02
263
11
5.645
Local Agency Investment Fund -City
19,669,740.01
19,152,922.65
19,669,740.01
7.89
1
1
4.232
Local Agency Invstmnt Fund -Housing
2,105,608.10
2,074,507.44
2,105,608.10
0.84
1
1
4.232
Money Market/Mutual Funds
18,581,900.57
18,581,900.57
18,581,900.57
7.45
1
1
5.179
Money Market Accounts - CAMP
30,546,571.66
30,546,571.66
30,546,571.66
12.25
1
1
5.480
Federal Agency Coupon Securities
58,500,000.00
56,398,376.00
58,253,646.58
23.36
1,554
865
2.672
Treasury Coupon Securities
41,500,000.00
39,825,322.50
40,621,131.25
16.29
1,379
829
3.137
Treasury Discount Notes
7,000,000.00
6,950,050.00
6,834,028.38
2.74
164
49
5.451
Certificate of Deposits
40,562,000.00
39,831,600.38
40,561,377.50
16.27
1,634
831
3.060
Corporate Notes
2,500,000.00
2,435,135.00
2,473,790.00
0.99
1,821
1,482
3.689
Money Market with Fiscal Agent
1,650.21
1,650.21
1,650.21
0.00
1
1
0.000
CERBT- OPEBTrust
1,999,431.68
1,999,431.68
1,999,431.68
0.80
1
1
0.000
PARS Pension Trust
5,640,606.75
5,640,606.75
5,640,606.75
2.26
1
1
0.000
250,687,774.47
245,518,340.33
249,369,748.18
100.00%
897
490
3.698
Investments
Cash, Pending Redemptions
Pending Redemptions
Subtotal
Total Cash, Pending Redemptions
and Investments
2,000,000.00 2,000,000.00 2,000,000.00
2,000,000.00 2,000,000.00
252,687,774.47 247,518,340.33 251,369,748.18
Total Earnings March 31 Month Ending Fiscal Year To Date
Current Year 691,528.17 6,051,452.63
Average Daily Balance 250,071,762.46 239,614,618.24
Effective Rate of Return 3.26% 3.35%
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.
Reporting period 03/01/2024-03/31/2024 Portfolio CITY
CID
Run Date: 05/17/2024 - 11:12 PM (PRF_PM1) 7.3.0
Report Ver. 7.3.6.1
(1k Digitally signed by
Claudia Martinez
Date: 2024.05.31
14:41:14-07'00'
Claudia Martinez, Finance Director/City Treasurer
Reporting period 03/01/2024-03/31/2024
Run Date: 05/17/2024 - 11:12
5/31 /2024
City of La Quinta
Portfolio Management
March 31, 2024
Page 2
Portfolio CITY
CID
PM (PRF_PM1) 7.3.0
Report Ver. 7.3.6.1
City of La Quinta
Portfolio Management
Portfolio Details - Pending Redemptions
March 31, 2024
Purchase Mat/Sale
Security # Investment # Issuer Settlement Date Settlement Date Par Value
Treasury Coupon Securities
912828W71 1530 U.S. Treasury 08/10/2023 03/31/2024 2,000,000.00
Subtotal 2,000,000.00
Total Pending Redemptions 2,000,000.00
Run Date: 05/17/2024 - 11:12
Page 1
Portfolio CITY
CID
PM (PRF_PM7) 7.3.0
Report Ver. 7.3.6.1
City of La Quinta
Portfolio Management
Page 1
Portfolio Details - Investments
March 31, 2024
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 0.00
0.00
0.00
1
1
0.000
059731851
1228
BMO f/k/a Bank of the West
08/20/2019 981,809.84
981,809.84
981,809.84
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 920,055.76
920,055.76
920,055.76
1
1
0.000
SYS1062
1062
La Quinta Palms Realty
07/01/2016 151,522.65
151,522.65
151,522.65
1
1
0.000
SYS1585
1585
US Bank
03/12/2024 23,577.24
23,577.24
23,577.24
1
1
0.000
Subtotal and Average 2,795,912.30
2,080,265.49
2,080,265.49
2,080,265.49
1
1
0.000
CAMP TERM
6067-001TERM
1521
California Asset Management Pr
07/24/2023 20,000,000.00
20,000,000.00
20,000,000.00 5.645
263
11
5.645 04/12/2024
Subtotal and Average 20,000,000.00
20,000,000.00
20,000,000.00
20,000,000.00
263
11
5.645
Local Agency Investment Fund -City
98-33434 1055 Local Agency Inv Fund 19,669,740.01 19,152,922.65 19,669,740.01 4.232 1 1 4.232
Subtotal and Average 19,669,740.01 19,669,740.01 19,152,922.65 19,669,740.01 1 1 4.232
Local Agency Invstmnt Fund -Housing
25-33-005 1113 Local Agency Inv Fund 2,105,608.10 2,074,507.44 2,105,608.10 4.232 1 1 4.232
Subtotal and Average 2,105,608.10 2,105,608.10 2,074,507.44 2,105,608.10 1 1 4.232
Money Market/Mutual Funds
FUZXX 1586 First American Treasury Fund 03/12/2024 1,035,654.92 1,035,654.92 1,035,654.92 5.170 1 1 5.170
TYCXX 1575 Invesco Treasury Portfolio 02/05/2024 17,546,245.65 17,546,245.65 17,546,245.65 5.180 1 1 5.180
Subtotal and Average 15,297,034.02 18,581,900.57 18,581,900.57 18,581,900.57 1 1 5.179
Money Market Accounts - CAMP
SYS1153 1153 California Asset Management Pr 09/26/2018 30,546,571.66 30,546,571.66 30,546,571.66 5.480 1 1 5.480
Subtotal and Average 30,410,002.56 30,546,571.66 30,546,571.66 30,546,571.66 1 1 5.480
Federal Agency
Coupon Securities
3133EKWV4
1212
Federal Farm
Credit Bank
3133EKP75
1224
Federal Farm
Credit Bank
3133ELEA8
1242
Federal Farm
Credit Bank
3133ELH23
1280
Federal Farm
Credit Bank
3133ELH80
1282
Federal Farm
Credit Bank
Run Date: 05/17/2024 - 11:12
08/02/2019
500,000.00
494,735.00
499,500.00
1.850
1,820
116
1.871 07/26/2024
09/17/2019
500,000.00
491,260.00
498,750.00
1.600
1,827
169
1.652 09/17/2024
12/17/2019
1,000,000.00
982,960.00
998,600.00
1.700
1,736
169
1.731 09/17/2024
06/09/2020
500,000.00
474,945.00
499,850.00
0.500
1,826
434
0.506 06/09/2025
06/10/2020
500,000.00
475,160.00
500,000.00
0.680
1,826
435
0.680 06/10/2025
Portfolio CITY
CID
PM (PRF_PM2) 7.3.0
Report Ver. 7.3.6.1
City of La Quinta
Portfolio Management
Portfolio Details - Investments
March 31, 2024
Page 2
CUSIP
Investment #
Issuer
Average Purchase
Balance Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM
365
Maturity
Date
Federal Agency
Coupon Securities
3133EM2C5
1330
Federal Farm Credit Bank
08/10/2021
500,000.00
454,710.00
498,000.00
0.710
1,826
861
0.792
08/10/2026
3133EM4X7
1338
Federal Farm Credit Bank
09/28/2021
1,000,000.00
913,110.00
991,080.00
0.800
1,808
892
0.985
09/10/2026
3133ENCQ1
1344
Federal Farm Credit Bank
11/02/2021
1,000,000.00
914,230.00
1,000,000.00
1.270
1,826
945
1.270
11/02/2026
3133ENGN4
1355
Federal Farm Credit Bank
12/09/2021
1,000,000.00
971,520.00
1,000,000.00
0.970
1,096
252
0.970
12/09/2024
3133ENYH7
1401
Federal Farm Credit Bank
06/10/2022
500,000.00
497,510.00
499,080.00
2.625
731
70
2.720
06/10/2024
3133ENL99
1426
Federal Farm Credit Bank
09/15/2022
1,000,000.00
966,760.00
997,492.55
3.375
1,826
1,262
3.430
09/15/2027
3133ENQ29
1433
Federal Farm Credit Bank
09/30/2022
1,000,000.00
985,220.00
996,400.00
4.000
1,825
1,276
4.080
09/29/2027
3133EN31-11
1441
Federal Farm Credit Bank
11/29/2022
1,000,000.00
984,650.00
998,650.00
4.000
1,826
1,337
4.030
11/29/2027
3133EN3S7
1446
Federal Farm Credit Bank
12/07/2022
1,000,000.00
976,170.00
998,000.00
3.750
1,826
1,345
3.794
12/07/2027
3133EPAV7
1464
Federal Farm Credit Bank
02/15/2023
1,000,000.00
982,330.00
995,400.00
3.875
1,825
1,414
3.977
02/14/2028
3133EPME2
1505
Federal Farm Credit Bank
06/08/2023
1,000,000.00
983,580.00
998,190.00
3.875
1,827
1,529
3.915
06/08/2028
3133EPQDO
1527
Federal Farm Credit Bank
07/31/2023
1,000,000.00
997,820.00
998,655.69
4.250
1,813
1,568
4.280
07/17/2028
3133EPSK2
1531
Federal Farm Credit Bank
08/18/2023
1,000,000.00
997,840.00
990,400.00
4.250
1,816
1,589
4.467
08/07/2028
3133EPC45
1554
Federal Farm Credit Bank
11/13/2023
1,000,000.00
1,014,160.00
999,770.00
4.625
1,827
1,687
4.630
11/13/2028
3133EPW84
1568
Federal Farm Credit Bank
01/18/2024
1,000,000.00
982,680.00
992,100.00
3.875
1,827
1,753
4.051
01/18/2029
3133EPW84
1569
Federal Farm Credit Bank
01/30/2024
1,000,000.00
982,680.00
994,400.00
3.875
1,815
1,753
4.000
01/18/2029
3133EP3139
1598
Federal Farm Credit Bank
02/14/2024
1,000,000.00
993,910.00
991,400.00
4.125
1,826
1,779
4.318
02/13/2029
3130AJKW8
1281
Federal Home Loan Bank
06/03/2020
500,000.00
474,590.00
499,850.00
0.500
1,836
438
0.506
06/13/2025
3130AJRP6
1283
Federal Home Loan Bank
06/30/2020
300,000.00
284,379.00
300,000.00
0.680
1,826
455
0.680
06/30/2025
3130AKFA9
1298
Federal Home Loan Bank
12/07/2020
500,000.00
464,265.00
497,400.00
0.375
1,831
620
0.480
12/12/2025
3130AKMZ6
1302
Federal Home Loan Bank
01/14/2021
500,000.00
463,040.00
500,000.00
0.510
1,826
653
0.510
01/14/2026
313OAKN28
1304
Federal Home Loan Bank
01/29/2021
500,000.00
462,660.00
500,000.00
0.550
1,826
668
0.550
01/29/2026
3130ALV92
1312
Federal Home Loan Bank
03/30/2021
500,000.00
465,985.00
500,000.00
1.050
1,826
728
0.938
03/30/2026
3130AMFS6
1324
Federal Home Loan Bank
06/17/2021
1,000,000.00
919,420.00
993,420.00
0.750
1,821
802
0.885
06/12/2026
3130APBM6
1337
Federal Home Loan Bank
09/30/2021
1,000,000.00
912,570.00
999,000.00
1.000
1,826
912
1.021
09/30/2026
3130APB46
1339
Federal Home Loan Bank
10/13/2021
1,000,000.00
908,750.00
998,250.00
0.950
1,826
925
0.986
10/13/2026
3130APTV7
1347
Federal Home Loan Bank
11/24/2021
500,000.00
467,605.00
499,500.00
2.000
1,826
967
1.489
11/24/2026
3130AP2U8
1353
Federal Home Loan Bank
12/07/2021
1,000,000.00
964,900.00
987,100.00
0.550
1,127
281
0.976
01/07/2025
313OAQF65
1358
Federal Home Loan Bank
12/22/2021
1,000,000.00
917,990.00
999,750.00
1.250
1,825
994
1.255
12/21/2026
3130AQJR5
1364
Federal Home Loan Bank
01/27/2022
1,000,000.00
917,430.00
1,000,000.00
1.500
1,826
1,031
1.500
01/27/2027
3130AQSA2
1367
Federal Home Loan Bank
02/10/2022
1,000,000.00
926,230.00
1,000,000.00
1.830
1,826
1,045
1.830
02/10/2027
3130AQWY5
1374
Federal Home Loan Bank
02/25/2022
1,000,000.00
969,540.00
1,000,000.00
1.700
1,095
329
1.700
02/24/2025
3130ARGJ4
1385
Federal Home Loan Bank
04/14/2022
500,000.00
483,125.00
500,000.00
2.500
1,279
561
2.500
10/14/2025
3130ARGY1
1387
Federal Home Loan Bank
04/19/2022
1,000,000.00
947,520.00
1,000,000.00
2.700
1,826
1,113
2.700
04/19/2027
3130ASDV8
1409
Federal Home Loan Bank
06/28/2022
300,000.00
288,003.00
300,000.00
3.300
1,826
1,183
3.300
06/28/2027
3130AXEL8
1541
Federal Home Loan Bank
10/03/2023
1,000,000.00
1,019,350.00
999,500.00
4.750
1,802
1,621
4.762
09/08/2028
Portfolio CITY
CID
Run Date: 05/17/2024 - 11:12
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
March 31, 2024
Page 3
CUSIP
Investment #
Average
Issuer Balance
Purchase
Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM Maturity
365 Date
Federal Agency Coupon Securities
3130AYBQ8
1566
Federal Home Loan Bank
12/29/2023
1,000,000.00
997,740.00
999,516.00
4.750
363
269
4.800 12/26/2024
3130AYKN5
1573
Federal Home Loan Bank
01/31/2024
1,000,000.00
998,040.00
999,992.84
4.810
345
284
4.810 01/10/2025
3130AYXU5
1579
Federal Home Loan Bank
02/15/2024
2,000,000.00
1,983,280.00
2,000,000.00
4.450
1,824
1,778
4.450 02/12/2029
3130AYYJ9
1580
Federal Home Loan Bank
02/15/2024
1,000,000.00
999,000.00
1,000,000.00
5.000
1,827
1,781
5.000 02/15/2029
3134GVYG7
1279
Federal Home Loan Mtg Corp
05/27/2020
1,000,000.00
950,880.00
1,000,000.00
0.625
1,826
421
0.625 05/27/2025
3137EAEU9
1297
Federal Home Loan Mtg Corp
12/07/2020
1,000,000.00
943,390.00
997,300.00
0.375
1,687
476
0.434 07/21/2025
3134GXGZ1
1301
Federal Home Loan Mtg Corp
12/30/2020
500,000.00
463,780.00
500,000.00
0.550
1,826
638
0.550 12/30/2025
3137EAEX3
1307
Federal Home Loan Mtg Corp
02/23/2021
500,000.00
468,350.00
495,999.50
0.375
1,673
540
0.552 09/23/2025
3137EAEX3
1310
Federal Home Loan Mtg Corp
03/30/2021
1,000,000.00
936,700.00
983,940.00
0.375
1,638
540
0.740 09/23/2025
3134GW6C5
1359
Federal Home Loan Mtg Corp
01/05/2022
500,000.00
455,135.00
486,000.00
0.800
1,757
940
1.403 10/28/2026
3137EAEU9
1361
Federal Home Loan Mtg Corp
01/05/2022
500,000.00
471,695.00
487,090.00
0.375
1,293
476
1.120 07/21/2025
3134GW5R3
1362
Federal Home Loan Mtg Corp
01/05/2022
400,000.00
374,324.00
391,360.00
0.650
1,391
574
1.232 10/27/2025
3134GWUQ7
1366
Federal Home Loan Mtg Corp
02/10/2022
1,000,000.00
894,860.00
945,570.00
0.700
1,784
1,003
1.870 12/30/2026
3134GYPJ5
1484
Federal Home Loan Mtg Corp
04/24/2023
1,000,000.00
999,960.00
999,100.00
5.200
1,820
1,477
5.220 04/17/2028
3134H1UX9
1584
Federal Home Loan Mtg Corp
02/29/2024
1,000,000.00
999,450.00
1,000,000.00
5.500
1,824
1,792
5.500 02/26/2029
3135GOV75
1206
Federal National Mtg Assn
07/15/2019
500,000.00
495,440.00
495,950.00
1.750
1,814
92
1.922 07/02/2024
3135GO5S8
1288
Federal National Mtg Assn
08/14/2020
500,000.00
470,185.00
500,000.00
0.500
1,826
500
0.500 08/14/2025
3136G4N74
1289
Federal National Mtg Assn
08/21/2020
1,000,000.00
941,850.00
1,000,000.00
0.560
1,826
507
0.560 08/21/2025
3136G4M75
1290
Federal National Mtg Assn
08/28/2020
500,000.00
470,770.00
499,750.00
0.520
1,816
504
0.530 08/18/2025
3135GO6E8
1291
Federal National Mtg Assn
11/18/2020
500,000.00
484,975.00
499,250.00
0.420
1,461
231
0.458 11/18/2024
3135GA2Z3
1292
Federal National Mtg Assn
11/17/2020
500,000.00
465,890.00
499,250.00
0.560
1,826
595
0.590 11/17/2025
3135GA7D7
1299
Federal National Mtg Assn
12/23/2020
500,000.00
465,100.00
500,000.00
0.600
1,826
631
0.600 12/23/2025
3135GAAW1
1300
Federal National Mtg Assn
12/30/2020
500,000.00
482,575.00
500,000.00
0.400
1,461
273
0.400 12/30/2024
3135GO6G3
1354
Federal National Mtg Assn
12/07/2021
1,000,000.00
934,730.00
976,300.00
0.500
1,431
585
1.120 11/07/2025
3135GO3U5
1365
Federal National Mtg Assn
01/28/2022
500,000.00
477,405.00
487,790.00
0.625
1,180
386
1.400 04/22/2025
3135GAGA3
1480
Federal National Mtg Assn
04/03/2023
2,000,000.00
1,998,800.00
2,000,000.00
5.200
484
120
5.206 07/30/2024
3135GAGK1
1482
Federal National Mtg Assn
04/12/2023
3,000,000.00
2,999,820.00
3,000,000.00
5.050
366
11
5.050 04/12/2024
3135GAPL9
1583
Federal National Mtg Assn
02/26/2024
1,000,000.00
998,960.00
1,000,000.00
5.150
1,096
1,061
5.150 02/26/2027
Subtotal and Average 58,253,646.58
58,500,000.00
56,398,376.00
58,253,646.58
1,554
865
2.672
Treasury Coupon Securities
912828YV6
1241
U.S. Treasury
12/16/2019
1,000,000.00
975,810.00
989,687.50
1.500
1,811
243
1.718 11/30/2024
91282CBC4
1303
U.S. Treasury
01/07/2021
500,000.00
463,750.00
498,632.81
0.375
1,819
639
0.431 12/31/2025
91282CBH3
1309
U.S. Treasury
02/23/2021
500,000.00
462,285.00
495,100.00
0.375
1,803
670
0.577 01/31/2026
91282CAT8
1311
U.S. Treasury
03/30/2021
1,000,000.00
931,480.00
977,500.00
0.250
1,676
578
0.750 10/31/2025
91282CAZ4
1315
U.S. Treasury
04/22/2021
500,000.00
465,175.00
492,187.50
0.375
1,683
608
0.720 11/30/2025
Portfolio CITY
CP
Run Date: 05/17/2024 - 11:12
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
March 31, 2024
Page 4
CUSIP
Investment #
Issuer
Average Purchase
Balance Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM
365
Maturity
Date
Treasury Coupon
Securities
91282CBQ3
1319
U.S.
Treasury
05/28/2021
500,000.00
462,130.00
494,165.00
0.500
1,737
698
0.750
02/28/2026
91282CBT7
1320
U.S.
Treasury
05/28/2021
500,000.00
463,280.00
499,525.00
0.750
1,768
729
0.770
03/31/2026
91282CCF6
1321
U.S.
Treasury
06/01/2021
1,000,000.00
921,290.00
997,060.00
0.750
1,825
790
0.810
05/31/2026
91282CBT7
1322
U.S.
Treasury
06/17/2021
500,000.00
463,280.00
498,450.00
0.750
1,748
729
0.816
03/31/2026
91282CCF6
1323
U.S.
Treasury
06/17/2021
500,000.00
460,645.00
497,095.00
0.750
1,809
790
0.870
05/31/2026
91282CCP4
1335
U.S.
Treasury
09/29/2021
1,000,000.00
913,910.00
983,750.00
0.625
1,766
851
0.970
07/31/2026
91282CCW9
1336
U.S.
Treasury
09/29/2021
1,000,000.00
914,100.00
988,500.00
0.750
1,797
882
0.990
08/31/2026
91282CDB4
1343
U.S.
Treasury
10/22/2021
1,000,000.00
975,760.00
996,320.00
0.625
1,089
197
0.750
10/15/2024
91282CBV2
1360
U.S.
Treasury
01/05/2022
500,000.00
499,050.00
494,882.81
0.375
831
14
0.830
04/15/2024
912828Z78
1369
U.S.
Treasury
02/10/2022
1,000,000.00
922,190.00
986,700.00
1.500
1,816
1,035
1.781
01/31/2027
91282CCW9
1380
U.S.
Treasury
03/22/2022
500,000.00
457,050.00
466,454.17
0.750
1,623
882
2.350
08/31/2026
91282CDG3
1381
U.S.
Treasury
03/22/2022
500,000.00
459,220.00
473,396.82
1.125
1,684
943
2.350
10/31/2026
91282CBQ3
1382
U.S.
Treasury
03/23/2022
750,000.00
693,195.00
698,025.00
0.500
1,438
698
2.353
02/28/2026
9128286S4
1383
U.S.
Treasury
03/23/2022
1,000,000.00
955,700.00
999,010.00
2.375
1,499
759
2.400
04/30/2026
9128283DO
1390
U.S.
Treasury
05/03/2022
1,000,000.00
983,070.00
985,190.00
2.250
912
213
2.870
10/31/2024
91282CEF4
1391
U.S.
Treasury
05/03/2022
1,000,000.00
946,800.00
976,860.00
2.500
1,793
1,094
3.010
03/31/2027
912828X88
1397
U.S.
Treasury
06/07/2022
1,000,000.00
941,020.00
969,687.50
2.375
1,803
1,139
3.041
05/15/2027
91282CEN7
1398
U.S.
Treasury
06/08/2022
500,000.00
476,135.00
495,000.00
2.750
1,787
1,124
2.971
04/30/2027
91282CET4
1399
U.S.
Treasury
06/08/2022
500,000.00
473,810.00
491,842.18
2.625
1,818
1,155
2.980
05/31/2027
9128282U3
1400
U.S.
Treasury
06/09/2022
500,000.00
492,920.00
490,850.00
1.875
814
152
2.727
08/31/2024
91282CFB2
1417
U.S.
Treasury
08/15/2022
1,000,000.00
949,690.00
989,460.00
2.750
1,811
1,216
2.980
07/31/2027
912828XT2
1418
U.S.
Treasury
05/04/2022
1,000,000.00
994,600.00
985,240.00
2.000
758
60
2.736
05/31/2024
91282CFB2
1422
U.S.
Treasury
08/29/2022
1,000,000.00
949,690.00
979,645.67
2.750
1,797
1,216
3.200
07/31/2027
9128282RO
1439
U.S.
Treasury
11/18/2022
1,000,000.00
933,710.00
927,110.00
2.250
1,731
1,231
3.950
08/15/2027
91282CFH9
1456
U.S.
Treasury
01/24/2023
500,000.00
480,315.00
489,175.00
3.125
1,680
1,247
3.640
08/31/2027
91282CGH8
1460
U.S.
Treasury
02/02/2023
1,000,000.00
970,740.00
996,369.14
3.500
1,824
1,400
3.580
01/31/2028
91282CEW7
1465
U.S.
Treasury
02/15/2023
1,000,000.00
965,700.00
967,220.00
3.250
1,596
1,185
4.075
06/30/2027
91282CGT2
1508
U.S.
Treasury
06/15/2023
1,000,000.00
974,840.00
984,600.00
3.625
1,751
1,460
3.980
03/31/2028
91282CGT2
1524
U.S.
Treasury
05/31/2023
1,000,000.00
974,840.00
990,000.00
3.625
1,766
1,460
3.853
03/31/2028
91282CHA2
1525
U.S.
Treasury
05/31/2023
1,000,000.00
970,040.00
985,000.00
3.500
1,796
1,490
3.837
04/30/2028
91282CEK3
1528
U.S.
Treasury
08/10/2023
1,000,000.00
997,690.00
980,080.00
2.500
264
29
5.340
04/30/2024
9128282U3
1535
U.S.
Treasury
09/07/2023
3,000,000.00
2,957,520.00
2,899,170.81
1.875
359
152
5.440
08/31/2024
9128282N9
1536
U.S.
Treasury
09/07/2023
2,000,000.00
1,978,860.00
1,942,840.00
2.125
328
121
5.431
07/31/2024
91282CGT2
1543
U.S.
Treasury
10/19/2023
1,000,000.00
974,840.00
949,180.00
3.625
1,625
1,460
4.910
03/31/2028
91282CFUO
1550
U.S.
Treasury
11/06/2023
750,000.00
744,052.50
739,200.00
4.125
1,455
1,308
4.524
10/31/2027
9128285M8
1565
U.S.
Treasury
12/29/2023
1,000,000.00
952,460.00
966,718.75
3.125
1,783
1,689
3.880
11/15/2028
Portfolio CITY
CID
Run Date: 05/17/2024 - 11:12
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
March 31, 2024
Page 5
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
91282CJR3
1567
U.S. Treasury
01/02/2024
1,000,000.00
978,670.00
997,067.49
3.750
1,825
1,735
3.815 12/31/2028
91282CJV4
1570
U.S. Treasury
01/31/2024
1,000,000.00
992,110.00
998,482.98
4.250
731
670
4.330 01/31/2026
91282CJT9
1571
U.S. Treasury
01/31/2024
1,000,000.00
988,050.00
996,813.45
4.000
1,080
1,019
4.115 01/15/2027
91282CFQ9
1572
U.S. Treasury
01/31/2024
1,000,000.00
994,900.00
995,910.11
4.375
274
213
4.930 10/31/2024
9128286131
1581
U.S. Treasury
02/15/2024
1,000,000.00
928,950.00
925,976.56
2.625
1,827
1,781
4.285 02/15/2029
Subtotal and Average 42,964,987.50
41,500,000.00
39,825,322.50
40,621,131.25
1,379
829
3.137
Treasury Discount Notes
912796CX5
1542
U.S. Treasury
10/18/2023
2,000,000.00
1,995,020.00
1,945,964.16
5.315
183
17
5.615 04/18/2024
912797HH3
1551
U.S. Treasury
11/06/2023
1,000,000.00
995,450.00
974,178.00
5.222
178
31
5.511 05/02/2024
912797HS9
1558
U.S. Treasury
12/04/2023
2,000,000.00
1,982,760.00
1,949,466.22
5.110
178
59
5.389 05/30/2024
912796ZW2
1582
U.S. Treasury
02/15/2024
2,000,000.00
1,976,820.00
1,964,420.00
5.083
126
80
5.320 06/20/2024
Subtotal and Average 6,834,028.38
7,000,000.00
6,950,050.00
6,834,028.38
164
49
5.451
Certificate of Deposits
336460CX6
1222
First State Bk DeQueen
08/30/2019
248,000.00
244,369.28
248,000.00
1.800
1,827
151
1.802 08/30/2024
31911KAK4
1515
First Bank Elk River
06/30/2023
248,000.00
254,715.84
248,000.00
4.400
1,827
1,551
4.405 06/30/2028
32027BALl
1273
First Freedom Bank
04/29/2020
249,000.00
238,875.66
249,000.00
1.200
1,826
393
1.201 04/29/2025
32021YEV1
1574
First Federal Savings
02/09/2024
248,000.00
245,128.16
248,000.00
4.250
881
829
4.245 07/09/2026
33766LAJ7
1216
FirsTier Bank
08/23/2019
249,000.00
245,628.54
249,000.00
1.950
1,827
144
1.952 08/23/2024
32056GDJ6
1278
1st Internet Bank
05/11/2020
248,000.00
237,030.96
248,000.00
1.000
1,827
406
0.985 05/12/2025
32112UDR9
1274
First Natl Bk McGregor
04/28/2020
248,000.00
238,320.56
248,000.00
1.350
1,826
392
1.351 04/28/2025
334342CD2
1221
First Natl Bk of Syracuse
08/30/2019
249,000.00
245,406.93
249,000.00
1.850
1,827
151
1.852 08/30/2024
32114VBT3
1250
First National Bank Michigan
02/14/2020
248,000.00
240,569.92
248,000.00
1.650
1,827
319
1.652 02/14/2025
33625CCP2
1209
First Security Bank of WA
07/30/2019
248,000.00
245,232.32
248,000.00
2.000
1,827
120
2.002 07/30/2024
33640VDD7
1231
First Service Bank
11/15/2019
248,000.00
246,809.60
248,000.00
1.700
1,643
44
1.701 05/15/2024
88413QDN5
1420
Third Federal Savings and Loan
08/19/2022
245,000.00
235,655.70
245,000.00
3.300
1,826
1,235
3.302 08/19/2027
00257TBD7
1207
Abacus Federal Savings
07/26/2019
248,000.00
245,242.24
248,000.00
1.950
1,827
116
1.952 07/26/2024
00435JBH5
1256
Access Bank
03/13/2020
248,000.00
239,868.08
248,000.00
1.600
1,826
346
1.601 03/13/2025
00833JAQ4
1478
Affinity Bank
03/17/2023
248,000.00
252,942.64
248,000.00
4.900
1,827
1,446
4.906 03/17/2028
01025RAG4
1510
Alabama Credit Union
06/20/2023
248,000.00
249,096.16
248,000.00
5.000
1,098
812
5.005 06/22/2026
011852AEO
1469
Alaska USA/Global FCU
03/08/2023
248,000.00
250,157.60
248,000.00
4.600
1,827
1,437
4.606 03/08/2028
01882MAC6
1451
AlliantCU
12/30/2022
247,000.00
252,028.92
247,000.00
5.000
1,826
1,368
5.003 12/30/2027
01664MAB2
1448
All In FCU
12/20/2022
248,000.00
247,811.52
248,000.00
4.400
1,826
1,358
4.402 12/20/2027
02007GPX5
1388
Ally Bank Midvale
04/21/2022
245,000.00
238,625.10
245,000.00
2.550
1,096
385
2.550 04/21/2025
020080BX4
1267
Alma Bank
03/30/2020
248,000.00
239,119.12
248,000.00
1.400
1,824
361
1.399 03/28/2025
Portfolio CITY
CID
Run Date: 05/17/2024 - 11:12
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
March 31, 2024
Page 6
CUSIP
Investment #
Average
Issuer Balance
Purchase
Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM
365
Maturity
Date
Certificate of
Deposits
029728BC5
1255
American State
02/21/2020
248,000.00
240,319.44
248,000.00
1.600
1,827
326
1.602
02/21/2025
02589ADH2
1421
American Express, NB
08/29/2022
245,000.00
236,804.75
245,000.00
3.450
1,793
1,212
3.067
07/27/2027
02357QAQO
1372
Amerant Bank
02/14/2022
245,000.00
224,990.85
245,000.00
1.600
1,828
1,051
1.601
02/16/2027
052392BT3
1427
Austin Telco FCU
09/21/2022
248,000.00
242,467.12
248,000.00
3.800
1,826
1,268
3.770
09/21/2027
05465DAE8
1258
Axos Bank
03/26/2020
248,000.00
239,729.20
248,000.00
1.650
1,826
359
1.651
03/26/2025
05765LBUO
1520
Balboa Thrift and Loan
07/19/2023
248,000.00
256,895.76
248,000.00
4.400
1,827
1,570
4.405
07/19/2028
062119BT8
1492
Bank Five Nine
05/12/2023
248,000.00
247,176.64
248,000.00
4.250
1,827
1,502
4.255
05/12/2028
06610RCA5
1499
Bankers Bank
05/24/2023
248,000.00
246,244.16
248,000.00
4.150
1,827
1,514
4.155
05/24/2028
07371AYE7
1370
Beal Bank TX
02/23/2022
245,000.00
226,945.95
245,000.00
1.900
1,820
1,052
1.901
02/17/2027
073710E88
1371
Beal Bank USA
02/23/2022
245,000.00
226,945.95
245,000.00
1.900
1,820
1,052
1.901
02/17/2027
08016PDQ9
1270
Belmont Bank and Trust
04/16/2020
248,000.00
247,469.28
248,000.00
1.250
1,461
15
1.251
04/16/2024
06417NZQ9
1329
Bank OZK
07/29/2021
248,000.00
238,776.88
248,000.00
0.400
1,280
303
0.401
01/29/2025
064520BG3
1287
Bank Princeton
06/30/2020
248,000.00
239,404.32
248,000.00
0.500
1,644
273
0.500
12/30/2024
064860MCO
1476
Bank of the Sierra
03/15/2023
244,000.00
243,621.80
244,000.00
4.600
1,461
1,078
4.604
03/15/2027
09582YAF9
1467
Blue Ridge Bank
02/28/2023
244,000.00
242,514.04
244,000.00
4.200
1,826
1,428
4.202
02/28/2028
05580AD50
1333
BMW Bank
09/10/2021
245,000.00
239,850.10
245,000.00
0.650
1,096
162
0.651
09/10/2024
06652CHBO
1227
BankWest Inc
09/27/2019
248,000.00
243,595.52
248,000.00
1.700
1,827
179
1.702
09/27/2024
05584CJJ6
1533
BNY Mellon
09/07/2023
244,000.00
245,644.56
244,000.00
4.500
1,827
1,620
4.505
09/07/2028
108622NJ6
1479
Bridgewater Bank
03/29/2023
248,000.00
249,564.88
248,000.00
4.850
1,461
1,092
4.767
03/29/2027
130162131-3
1564
California Credit Union
12/28/2023
244,000.00
244,183.00
244,000.00
5.100
550
455
5.105
06/30/2025
14042RQBO
1346
Capital One Natl Assn FDIC4297
11/17/2021
248,000.00
226,034.64
248,000.00
1.100
1,826
960
1.101
11/17/2026
14042TDD6
1271
Capital One USA FDIC33954
04/08/2020
245,000.00
236,527.90
245,000.00
1.600
1,826
372
1.601
04/08/2025
14622LAAO
1316
Carter FCU
04/27/2021
248,000.00
228,983.36
248,000.00
0.750
1,826
756
0.750
04/27/2026
20033A3A2
1386
Comenity Capital Bank
04/14/2022
248,000.00
234,144.24
248,000.00
2.650
1,826
1,108
2.652
04/14/2027
15118RRH2
1220
Celtic Bank
08/30/2019
248,000.00
244,421.36
248,000.00
1.850
1,827
151
1.852
08/30/2024
156634AK3
1184
Century Next Bank
05/29/2019
248,000.00
246,846.80
248,000.00
2.500
1,827
58
2.503
05/29/2024
152577BN1
1493
Central Bank
05/12/2023
248,000.00
244,840.48
248,000.00
4.000
1,827
1,502
4.005
05/12/2028
169894AS1
1284
Chippewa Valley Bk
06/24/2020
248,000.00
235,255.28
248,000.00
0.600
1,826
449
0.600
06/24/2025
16141BAC5
1506
Chartway FCU
06/09/2023
248,000.00
248,493.52
248,000.00
4.900
1,096
799
4.905
06/09/2026
12547CBJ6
1497
CIBC Bank USA
05/16/2023
244,000.00
244,073.20
244,000.00
4.350
1,827
1,506
4.355
05/16/2028
17286TAGO
1252
Citadel FCU
02/27/2020
248,000.00
240,307.04
248,000.00
1.650
1,827
332
1.652
02/27/2025
2027506M2
1268
Commonwealth Business Bk
03/31/2020
248,000.00
238,685.12
248,000.00
1.250
1,826
364
1.251
03/31/2025
20825WAR1
1357
Connexus CU
12/23/2021
249,000.00
227,070.57
249,000.00
1.250
1,826
996
1.250
12/23/2026
22258JAB7
1430
County Schools FCU
09/30/2022
248,000.00
247,335.36
248,000.00
4.400
1,826
1,277
4.325
09/30/2027
20416TAQ5
1202
Communitywide FCU
06/28/2019
248,000.00
246,073.04
248,000.00
2.250
1,827
88
2.253
06/28/2024
20786ADL6
1334
Connect One
09/24/2021
248,000.00
225,092.24
248,000.00
0.800
1,826
906
0.800
09/24/2026
Portfolio CITY
CID
Run Date: 05/17/2024 - 11:12
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
March 31, 2024
Page 7
CUSIP
Investment #
Average
Issuer Balance
Purchase
Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM
365
Maturity
Date
Certificate of
Deposits
176688CP2
1199
Citizens State Bank
06/21/2019
248,000.00
246,296.24
248,000.00
2.400
1,827
81
2.403
06/21/2024
23204HPB8
1507
Customers Bank
06/14/2023
244,000.00
251,507.88
244,000.00
4.500
1,827
1,535
4.505
06/14/2028
23248UAB3
1494
Cy -Fair FCU
05/12/2023
248,000.00
249,512.80
248,000.00
4.500
1,827
1,502
4.505
05/12/2028
24773RCR4
1377
Delta Natl B&T
03/09/2022
245,000.00
227,404.10
245,000.00
2.000
1,814
1,060
2.001
02/25/2027
25460FDW3
1438
Direct FCU
11/07/2022
248,000.00
250,871.84
248,000.00
4.800
1,827
1,316
4.735
11/08/2027
254673E69
1392
Discover Bank Greenwood DE CF
05/24/2022
245,000.00
239,646.75
245,000.00
3.100
1,099
421
3.103
05/27/2025
25844MAK4
1447
Dort Financial CU
12/16/2022
247,000.00
247,671.84
247,000.00
4.500
1,826
1,354
4.503
12/16/2027
27004PCM3
1375
Eaglemark Savings
03/02/2022
245,000.00
227,330.60
245,000.00
2.000
1,826
1,065
2.001
03/02/2027
291916AJ3
1555
Empower FCU
11/15/2023
247,000.00
256,731.80
247,000.00
5.250
1,827
1,689
5.255
11/15/2028
299547AQ2
1196
Liberty FCU F/K/A Evansville T
06/12/2019
248,000.00
246,583.92
248,000.00
2.600
1,827
72
2.603
06/12/2024
87270LDL4
1306
TIAA F/K/A EverBank
02/12/2021
245,000.00
225,975.75
245,000.00
0.500
1,826
682
0.500
02/12/2026
300185LM5
1457
Evergreen Bank Group
01/27/2023
248,000.00
242,943.28
248,000.00
3.850
1,277
847
3.849
07/27/2026
307811DF3
1363
Farmers & Merch
01/14/2022
249,000.00
236,169.03
249,000.00
0.900
1,277
469
0.900
07/14/2025
30960QAR8
1526
Farmers Insurance Group FCU
07/26/2023
248,000.00
249,244.96
248,000.00
5.400
733
483
5.408
07/28/2025
31617CAV5
1317
Fidelity Homestead
04/30/2021
248,000.00
227,698.72
248,000.00
0.700
1,826
759
0.711
04/30/2026
33847E3A3
1276
Flagstar
04/30/2020
248,000.00
238,062.64
248,000.00
1.250
1,826
394
1.251
04/30/2025
34520LATO
1435
Forbright Bank
11/02/2022
248,000.00
249,148.24
248,000.00
4.600
1,826
1,310
4.602
11/02/2027
319137CB9
1562
First Bank
12/28/2023
244,000.00
242,152.92
244,000.00
4.450
729
634
4.456
12/26/2025
35637RDC8
1248
Freedom Financial
02/14/2020
248,000.00
240,356.64
248,000.00
1.550
1,827
319
1.552
02/14/2025
35089LAFO
1491
Four Points FCU
05/10/2023
248,000.00
246,648.40
248,000.00
4.550
1,097
770
4.443
05/11/2026
372348DJ8
1556
The Genoa Banking Company
11/28/2023
248,000.00
251,057.84
248,000.00
4.600
1,827
1,702
4.605
11/28/2028
37173RAL7
1561
Genesee Regional Bank
12/27/2023
244,000.00
240,969.52
244,000.00
4.200
1,097
1,001
3.638
12/28/2026
38149MXK4
1326
Goldman Sachs
07/28/2021
248,000.00
227,145.68
248,000.00
1.000
1,826
848
1.001
07/28/2026
38120MCA2
1511
Golden State Business Bank
06/22/2023
249,000.00
248,133.48
249,000.00
4.450
1,461
1,177
4.453
06/22/2027
39573LBC1
1313
Greenstate FCU
04/16/2021
249,000.00
230,153.19
249,000.00
0.950
1,826
745
0.951
04/16/2026
397417AQ9
1419
Greenwoods State Bank
05/17/2022
248,000.00
236,830.08
248,000.00
3.050
1,826
1,141
3.052
05/17/2027
42228LAN1
1547
Healthcare Systems FCU
10/27/2023
248,000.00
256,077.36
248,000.00
5.100
1,827
1,670
5.106
10/27/2028
45157PAZ3
1450
Ideal CU
12/29/2022
248,000.00
248,751.44
248,000.00
4.500
1,826
1,367
4.502
12/29/2027
46256YAZ2
1186
Iowa State Bank
05/23/2019
245,000.00
243,875.45
245,000.00
2.400
1,827
52
2.403
05/23/2024
472312AA5
1514
Jeep Country FCU
06/29/2023
248,000.00
249,108.56
248,000.00
4.700
1,461
1,184
4.704
06/29/2027
48128HXU7
1185
JP Morgan Chase
05/16/2019
245,000.00
245,000.00
245,000.00
3.250
1,827
45
3.254
05/16/2024
49306SJ56
1475
Kay Bank, N.A.
03/15/2023
244,000.00
243,677.92
244,000.00
5.000
733
350
5.008
03/17/2025
499724AP7
1532
Knoxville TVA Credit Union
08/25/2023
248,000.00
253,247.68
248,000.00
4.850
1,827
1,607
4.854
08/25/2028
51828MAC8
1449
Latino Comm. CU
12/21/2022
248,000.00
248,669.60
248,000.00
4.500
1,826
1,359
4.503
12/21/2027
530520AH8
1466
Liberty First CU
02/21/2023
248,000.00
249,123.44
248,000.00
4.500
1,827
1,422
4.504
02/22/2028
501798RP9
1356
Milestone Bk F/K/A LCA Bank Co
12/27/2021
248,000.00
228,172.40
248,000.00
1.000
1,642
816
1.000
06/26/2026
Portfolio CITY
CID
Run Date: 05/17/2024 - 11:12
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
March 31, 2024
Page 8
CUSIP
Investment #
Average
Issuer Balance
Purchase
Date
Par Value
Market Value
Book Value
Stated
Rate
Days to
Term Maturity
YTM
365
Maturity
Date
Certificate of
Deposits
52168UHY1
1389
Leader Bank
04/22/2022
245,000.00
238,610.40
245,000.00
2.550
1,096
386
2.552
04/22/2025
52171MAM7
1549
Leaders Credit Union
10/30/2023
248,000.00
256,117.04
248,000.00
5.100
1,827
1,673
5.106
10/30/2028
52470QEC4
1539
Legacy Bank & Trust
09/27/2023
248,000.00
249,830.24
248,000.00
4.500
1,827
1,640
4.505
09/27/2028
524661CB9
1197
Legacy Bank
06/19/2019
248,000.00
246,338.40
248,000.00
2.400
1,827
79
2.403
06/19/2024
538036GVO
1238
Live Oak Bank
11/27/2019
248,000.00
246,556.64
248,000.00
1.800
1,644
57
1.802
05/28/2024
51507LCC6
1305
Simmons Bank, F/K/A Landmark
01/22/2021
248,000.00
229,109.84
248,000.00
0.500
1,826
661
0.500
01/22/2026
560507AQ8
1522
Maine Savings FCU
07/21/2023
248,000.00
252,592.96
248,000.00
4.800
1,827
1,572
4.806
07/21/2028
56065GAG3
1188
Main Street Bank
04/26/2019
248,000.00
247,451.92
248,000.00
2.600
1,827
25
2.603
04/26/2024
58404DTP6
1545
Medallion Bank
10/20/2023
248,000.00
258,817.76
248,000.00
4.850
1,827
1,663
4.855
10/20/2028
59161YAP1
1373
Metro Credit Union
02/18/2022
249,000.00
229,102.41
249,000.00
1.700
1,826
1,053
1.701
02/18/2027
59524LAA4
1474
Mid Carolina Credit Union
03/13/2023
248,000.00
248,615.04
248,000.00
4.850
1,096
711
4.855
03/13/2026
60425SKB4
1486
Minnwest Bank
05/01/2023
248,000.00
245,458.00
248,000.00
4.250
1,463
1,127
4.254
05/03/2027
60936TAL3
1538
Money One FCU
09/14/2023
248,000.00
254,820.00
248,000.00
5.000
1,827
1,627
5.005
09/14/2028
61690UNX4
1237
Morgan Stanley Bank
11/20/2019
245,000.00
239,911.35
245,000.00
1.950
1,827
233
1.952
11/20/2024
59013KPNO
1345
Merrick Bank
11/09/2021
249,000.00
226,903.74
249,000.00
1.100
1,826
952
1.101
11/09/2026
565819AG4
1379
Marathon Bank
03/16/2022
248,000.00
228,504.72
248,000.00
1.800
1,826
1,079
1.801
03/16/2027
61760A3B3
1236
Morgan Stanley Private Bk, NA
11/20/2019
245,000.00
239,835.40
245,000.00
1.900
1,827
233
1.902
11/20/2024
62384RAT3
1485
Mountain America Federal CU
04/28/2023
248,000.00
247,367.60
248,000.00
4.700
1,096
757
4.705
04/28/2026
654062JZ2
1266
Nicolet Natl Bank
03/31/2020
248,000.00
239,042.24
248,000.00
1.400
1,826
364
1.401
03/31/2025
64034KAZ4
1376
Nelnet Bank
03/02/2022
245,000.00
231,248.15
245,000.00
1.800
1,461
700
1.801
03/02/2026
666613MK7
1544
Northpointe Bank
10/20/2023
248,000.00
253,473.36
248,000.00
4.850
1,827
1,663
4.855
10/20/2028
06426KDE5
1576
Bank of New England
02/14/2024
248,000.00
247,325.44
248,000.00
4.850
335
288
4.856
01/14/2025
67886WAJ6
1559
Oklahoma Credit Union
12/14/2023
248,000.00
248,148.80
248,000.00
5.700
183
74
5.716
06/14/2024
69506YRH4
1269
Pacific Western Bk/Banc of CA
04/16/2020
245,000.00
244,465.90
245,000.00
1.300
1,461
15
1.301
04/16/2024
70962LAF9
1331
Pentagon FCU
09/01/2021
249,000.00
234,326.43
249,000.00
0.700
1,462
519
0.687
09/02/2025
710571DS6
1210
People's Bank
07/31/2019
248,000.00
245,195.12
248,000.00
2.000
1,827
121
2.002
07/31/2024
724468AC7
1483
Pitney Bowes Bank
04/14/2023
244,000.00
244,082.96
244,000.00
4.350
1,826
1,473
4.355
04/13/2028
72651LCL6
1195
Plains Commerce Bank
06/07/2019
245,000.00
243,625.55
245,000.00
2.550
1,827
67
2.553
06/07/2024
732329BD8
1425
Ponce Bank
09/15/2022
248,000.00
240,071.44
248,000.00
3.500
1,826
1,262
3.502
09/15/2027
740367HP5
1213
Preferred Bank
08/16/2019
249,000.00
245,832.72
249,000.00
2.000
1,827
137
2.002
08/16/2024
761402BY1
1203
Revere Bank
06/28/2019
247,000.00
245,056.11
247,000.00
2.300
1,827
88
2.303
06/28/2024
77357DADO
1560
Rockland Federal Credit Union
12/22/2023
248,000.00
247,427.12
248,000.00
4.600
1,096
995
4.604
12/22/2026
795451AFO
1327
Sallie Mae Bank Salt Lake City
07/28/2021
248,000.00
227,522.64
248,000.00
1.000
1,826
848
1.001
07/28/2026
804375DL4
1235
Sauk Valley B&T Co
11/07/2019
248,000.00
242,705.20
248,000.00
1.700
1,827
220
1.702
11/07/2024
843383CS7
1498
Southern Bank Poplar MO
05/17/2023
248,000.00
246,712.88
248,000.00
4.200
1,827
1,507
4.205
05/17/2028
80865MAB3
1454
Scient FCU
01/13/2023
248,000.00
246,978.24
248,000.00
4.650
731
287
4.656
01/13/2025
Portfolio CITY
CID
Run Date: 05/17/2024 - 11:12
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Portfolio Details - Investments
March 31, 2024
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
Certificate of Deposits
79772FAG1
1459
San Francisco FCU
02/03/2023
248,000.00
247,680.08
248,000.00
4.350
1,826
1,403
4.352 02/03/2028
82671DAB3
1458
Signature FCU
01/31/2023
248,000.00
248,099.20
248,000.00
4.400
1,826
1,400
4.402 01/31/2028
78472EABO
1455
SPCO Credit Union
01/20/2023
249,000.00
248,584.17
249,000.00
4.350
1,826
1,389
4.352 01/20/2028
849430BF9
1257
Spring Bank
03/20/2020
248,000.00
239,491.12
248,000.00
1.500
1,826
353
1.501 03/20/2025
84229LBA9
1434
Southern Bank Sardis GA
10/28/2022
244,000.00
241,279.40
244,000.00
4.250
1,188
667
4.254 01/28/2026
84287PJH6
1577
Southern First Bank
02/14/2024
248,000.00
247,017.92
248,000.00
4.700
455
408
4.687 05/14/2025
84223QAN7
1286
Southern Bancorp Bk
06/26/2020
248,000.00
241,286.64
248,000.00
0.500
1,582
207
0.500 10/25/2024
85279AAC6
1509
St Vincent Med Center FCU
06/16/2023
248,000.00
248,215.76
248,000.00
4.600
1,461
1,171
4.604 06/16/2027
87165ET98
1332
Synchrony Bank Retail
09/03/2021
245,000.00
223,498.80
245,000.00
0.900
1,826
885
0.900 09/03/2026
89388CEYO
1328
Transportation Alliance Bk TAB
07/23/2021
248,000.00
238,516.48
248,000.00
0.400
1,280
297
0.401 01/23/2025
87868YAQ6
1501
Technology Credit Union
05/30/2023
248,000.00
248,992.00
248,000.00
5.000
1,095
788
5.005 05/29/2026
472382AQ3
1272
The Jefferson Bank
04/15/2020
248,000.00
247,496.56
248,000.00
1.250
1,461
14
1.251 04/15/2024
89235MKY6
1314
Toyota Financial Savings Bank
04/22/2021
245,000.00
226,252.60
245,000.00
0.900
1,826
751
0.900 04/22/2026
89789AAG2
1473
Truliant FCU
03/10/2023
248,000.00
249,562.40
248,000.00
4.700
1,645
1,257
4.707 09/10/2027
89841MAX5
1563
Trustone Financial CU
12/28/2023
248,000.00
247,801.60
248,000.00
5.150
365
270
5.164 12/27/2024
89786MAF1
1368
True Sky FCU
02/04/2022
245,000.00
225,125.60
245,000.00
1.600
1,826
1,039
1.601 02/04/2027
898812AC6
1537
Tucson FCU
09/08/2023
248,000.00
254,790.24
248,000.00
5.000
1,827
1,621
5.005 09/08/2028
90355GHG4
1546
UBS Bank USA
10/25/2023
248,000.00
254,009.04
248,000.00
4.900
1,827
1,668
4.905 10/25/2028
909557KQ2
1477
United Bankers Bank
03/16/2023
248,000.00
247,680.08
248,000.00
5.000
732
350
4.823 03/17/2025
914098DJ4
1442
University Bank
11/30/2022
249,000.00
247,025.43
249,000.00
4.200
1,826
1,338
4.202 11/30/2027
914242AAO
1429
University Credit Union
09/26/2022
248,000.00
244,542.88
248,000.00
4.000
1,096
543
3.891 09/26/2025
91527PBY2
1495
Univest Bank & Trust
05/12/2023
248,000.00
248,111.60
248,000.00
4.350
1,827
1,502
4.355 05/12/2028
90983WBT7
1249
United Community
02/07/2020
248,000.00
240,713.76
248,000.00
1.650
1,827
312
1.652 02/07/2025
910286GN7
1513
United Fidelity Bank
06/29/2023
248,000.00
255,623.52
248,000.00
4.500
1,827
1,550
4.505 06/29/2028
91139LAB2
1378
United Roosevelt Savings
03/11/2022
248,000.00
229,253.68
248,000.00
1.900
1,826
1,074
1.901 03/11/2027
90352RDB8
1500
US Alliance FCU
05/26/2023
248,000.00
250,016.24
248,000.00
4.550
1,827
1,516
4.555 05/26/2028
91739JAB1
1523
Utah First FCU
07/21/2023
245,000.00
251,463.10
245,000.00
5.000
1,827
1,572
5.006 07/21/2028
913065ADO
1553
United Teletech Financial FCU
11/08/2023
248,000.00
253,322.08
248,000.00
5.100
1,461
1,316
5.103 11/08/2027
92559TAJ7
1325
Vibrant Credit Union
07/02/2021
249,000.00
227,790.18
248,377.50
0.800
1,824
820
0.852 06/30/2026
92834ABT2
1496
VisionBank
05/12/2023
248,000.00
245,309.20
248,000.00
4.050
1,827
1,502
4.055 05/12/2028
92023CAJ2
1552
ValleyStar Credit Union
11/08/2023
247,000.00
256,139.00
247,000.00
5.200
1,827
1,682
5.205 11/08/2028
92891CCZ3
1472
VystarCU
03/10/2023
248,000.00
249,733.52
248,000.00
4.550
1,827
1,439
4.555 03/10/2028
98138MCA6
1548
Workers FCU
10/30/2023
248,000.00
257,148.72
248,000.00
5.200
1,827
1,673
5.206 10/30/2028
938828BH2
1215
Washington Federal
08/23/2019
248,000.00
244,691.68
248,000.00
2.000
1,827
144
2.002 08/23/2024
95960NKD8
1277
Western State Bank
05/13/2020
245,000.00
234,237.15
245,000.00
1.000
1,826
407
1.001 05/13/2025
Subtotal and Average 40,990,764.60
40,562,000.00
39,831,600.38
40,561,377.50
1,634
831
3.060
Portfolio CITY
CP
Run Date: 05/17/2024 - 11:12
PM (PRF_PM2) 7.3.0
City of La Quinta
Portfolio Management
Page 10
Portfolio Details - Investments
March 31, 2024
Average
Purchase
Stated
Days to
YTM Maturity
CUSIP
Investment # Issuer
Balance
Date Par Value
Market Value
Book Value
Rate
Term Maturity
365 Date
Corporate Notes
09290DAA9
1587 Blackrock Funding Inc
03/28/2024 1,000,000.00
1,000,660.00
1,003,380.00
4.700
1,812
1,808
4.620 03/14/2029
45950VPS9
1308 International Finance Corp.
02/26/2021 500,000.00
460,445.00
497,300.00
0.500
1,826
696
0.610 02/26/2026
931142EE9
1512 Wal-Mart Stores, Inc
06/26/2023 1,000,000.00
974,030.00
973,110.00
3.700
1,827
1,547
4.303 06/26/2028
Subtotal and Average
1,599,878.39
2,500,000.00
2,435,135.00
2,473,790.00
1,821
1,482
3.689
Money Market with Fiscal Agent
SYS1058
1058 US Bank
07/01/2016 1,650.21
1,650.21
1,650.21
1
1
0.000
Subtotal and Average
1,641,089.13
1,650.21
1,650.21
1,650.21
1
1
0.000
CERBT - OPEB Trust
SYS1114 1114 CalPERS CERBT Plan 07/01/2023 1,999,431.68 1,999,431.68 1,999,431.68 1 1 0.000
Subtotal and Average 1,956,529.29 1,999,431.68 1,999,431.68 1,999,431.68 1 1 0.000
PARS Pension Trust
SYS1230 1230
Run Date: 05/17/2024 - 11:12
Pblc Agncy Rtrmnt Sery
Subtotal and Average
5,640,606.75 5,640,606.75 5,640,606.75
5,552,541.60 5,640,606.75 5,640,606.75 5,640,606.75
Total and Average 250,071,762.46
250,687,774.47 245,518,340.33 249,369,748.18
1 1 0.000
1 1 0.000
897 490 3.698
Portfolio CITY
CID
PM (PRF_PM2) 7.3.0
ta
City of La Quinta
Total Earnings
GEM ofrhe DESERT - Sorted by Fund - Fund
March 1, 2024 - March 31, 2024
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
19,669,740.01
19,669,740.01
19,669,740.01
4.232
4.278
71,463.83
0.00
0.00
71,463.83
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
1,999,431.68
1,955,099.21
1,999,431.68
0.00
0.00
0.00
0.00
SYS1153
1153
101
CAMP
30,546,571.66
30,405,450.26
30,546,571.66
5.480
5.465
141,121.40
0.00
0.00
141,121.40
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
676.26
0.00
0.00
676.26
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
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
482.50
0.00
0.00
482.50
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
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
93882861-12
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
412.38
0.00
0.00
412.38
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
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
06652CHB0
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
981,809.84
1,168,409.74
981,809.84
0.00
0.00
0.00
0.00
SYS1230
1230
101
PARS
5,640,606.75
5,549,606.10
5,640,606.75
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
Run Date: 05/17/2024 - 12:21
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, 2024 - March 31, 2024
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
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
61760A3B3
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
405.77
0.00
0.00
405.77
538036GV0
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
1.511
1,270.49
0.00
0.00
1,270.49
3133ELEA8
1242
101
FFCB
1,000,000.00
998,600.00
998,600.00
1.700
1.670
1,416.67
0.00
0.00
1,416.67
35637RDC8
1248
101
FRDMFI
248,000.00
248,000.00
248,000.00
1.550
1.550
326.48
0.00
0.00
326.48
90983WBT7
1249
101
UNTDCM
248,000.00
248,000.00
248,000.00
1.650
1.650
347.54
0.00
0.00
347.54
32114VBT3
1250
101
1STNM1
248,000.00
248,000.00
248,000.00
1.650
1.650
347.54
0.00
0.00
347.54
17286TAG0
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
337.01
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
315.94
0.00
0.00
315.94
05465DAE8
1258
101
AXOS
248,000.00
248,000.00
248,000.00
1.650
1.650
347.54
0.00
0.00
347.54
882213AB7
1260
101
TEXAS
0.00
245,000.00
0.00
1.100
1.100
199.36
0.00
0.00
199.36
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
284.36
0.00
0.00
284.36
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
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
Run Date: 05/17/2024 - 12:21
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, 2024 - March 31, 2024
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
3136G4M75
1290
101
FNMA
500,000.00
499,750.00
499,750.00
0.520
0.510
216.67
0.00
0.00
216.67
3135G06E8
1291
101
FNMA
500,000.00
499,250.00
499,250.00
0.420
0.413
175.00
0.00
0.00
175.00
3135GA2Z3
1292
101
FNMA
500,000.00
499,250.00
499,250.00
0.560
0.550
233.33
0.00
0.00
233.33
SYS1293
1293
101
BNY
0.00
397,157.72
0.00
0.00
0.00
0.00
0.00
3137EAEU9
1297
101
FHLMC
1,000,000.00
997,300.00
997,300.00
0.375
0.369
312.50
0.00
0.00
312.50
3130AKFA9
1298
101
FHLB
500,000.00
497,400.00
497,400.00
0.375
0.370
156.25
0.00
0.00
156.25
3135GA7D7
1299
101
FNMA
500,000.00
500,000.00
500,000.00
0.600
0.589
250.00
0.00
0.00
250.00
3135GAAW1
1300
101
FNMA
500,000.00
500,000.00
500,000.00
0.400
0.392
166.67
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
0.377
159.68
0.00
0.00
159.68
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
0.504
212.91
0.00
0.00
212.91
91282CBH3
1309
101
USTR
500,000.00
495,100.00
495,100.00
0.375
0.380
159.69
0.00
0.00
159.69
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
0.256
212.91
0.00
0.00
212.91
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
0.380
158.81
0.00
0.00
158.81
14622LAA0
1316
101
CARTER
248,000.00
248,000.00
248,000.00
0.750
0.750
157.97
0.00
0.00
157.97
31617CAV5
1317
101
FIDHMS
248,000.00
248,000.00
248,000.00
0.700
0.700
147.44
0.00
0.00
147.44
SYS1318
1318
101
DPME
920,055.76
917,580.65
920,055.76
0.00
0.00
0.00
0.00
91282CBQ3
1319
101
USTR
500,000.00
494,165.00
494,165.00
0.500
0.502
210.60
0.00
0.00
210.60
91282CBT7
1320
101
USTR
500,000.00
499,525.00
499,525.00
0.750
0.749
317.63
0.00
0.00
317.63
91282CCF6
1321
101
USTR
1,000,000.00
997,060.00
997,060.00
0.750
0.750
635.24
0.00
0.00
635.24
91282CBT7
1322
101
USTR
500,000.00
498,450.00
498,450.00
0.750
0.750
317.63
0.00
0.00
317.63
91282CCF6
1323
101
USTR
500,000.00
497,095.00
497,095.00
0.750
0.752
317.63
0.00
0.00
317.63
3130AMFS6
1324
101
FHLB
1,000,000.00
993,420.00
993,420.00
0.750
0.741
625.00
0.00
0.00
625.00
92559TAJ7
1325
101
VIBRNT
249,000.00
248,377.50
248,377.50
0.800
0.802
169.18
0.00
0.00
169.18
38149MXK4
1326
101
GLDMAN
248,000.00
248,000.00
248,000.00
1.000
1.000
210.63
0.00
0.00
210.63
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
89388CEY0
1328
101
TABBK
248,000.00
248,000.00
248,000.00
0.400
0.400
84.25
0.00
0.00
84.25
06417NZQ9
1329
101
BKOZK
248,000.00
248,000.00
248,000.00
0.400
0.400
84.26
0.00
0.00
84.26
Run Date: 05/17/2024 - 12:21
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, 2024 - March 31, 2024
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
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
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
168.50
0.00
0.00
168.50
91282CCP4
1335
101
USTR
1,000,000.00
983,750.00
983,750.00
0.625
0.637
532.28
0.00
0.00
532.28
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
91282CDB4
1343
101
USTR
1,000,000.00
996,320.00
996,320.00
0.625
0.626
529.37
0.00
0.00
529.37
3133ENCQ1
1344
101
FFCB
1,000,000.00
1,000,000.00
1,000,000.00
1.270
1.246
1,058.33
0.00
0.00
1,058.33
59013KPN0
1345
101
MRRCK
249,000.00
249,000.00
249,000.00
1.100
1.100
232.63
0.00
0.00
232.63
14042RQBO
1346
101
CAP1 NA
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
2.000
1.964
833.34
0.00
0.00
833.34
91282CBR1
1352
101
USTR
0.00
989,800.00
0.00
0.250
27.120
96.15
0.00
10,200.00
10,296.15
3130AP2U8
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
210.64
0.00
0.00
210.64
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
0.378
158.81
0.00
0.00
158.81
3137EAEU9
1361
101
FHLMC
500,000.00
487,090.00
487,090.00
0.375
0.378
156.25
0.00
0.00
156.25
3134GW5R3
1362
101
FHLMC
400,000.00
391,360.00
391,360.00
0.650
0.652
216.66
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
1.524
1,277.48
0.00
0.00
1,277.48
07371AYE7
1370
101
BEALTX
245,000.00
245,000.00
245,000.00
1.900
1.900
395.36
0.00
0.00
395.36
073710E88
1371
101
BEALUS
245,000.00
245,000.00
245,000.00
1.900
1.900
395.36
0.00
0.00
395.36
02357QAQ0
1372
101
AMRNT
245,000.00
245,000.00
245,000.00
1.600
1.600
332.93
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
Run Date: 05/17/2024 - 12:21
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, 2024 - March 31, 2024
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
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
1.191
479.05
0.00
0.00
479.05
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
2.384
2,022.67
0.00
0.00
2,022.67
50625LAW3
1384
101
LFYTT
0.00
248,000.00
0.00
2.050
2.050
390.01
0.00
0.00
390.01
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
2.290
1,916.21
0.00
0.00
1,916.21
91282CEF4
1391
101
USTR
1,000,000.00
976,860.00
976,860.00
2.500
2.552
2,117.49
0.00
0.00
2,117.49
254673E69
1392
101
DISCOV
245,000.00
245,000.00
245,000.00
3.100
3.100
645.05
0.00
0.00
645.05
912828X88
1397
101
USTR
1,000,000.00
969,687.50
969,687.50
2.375
2.456
2,022.66
0.00
0.00
2,022.66
91282CEN7
1398
101
USTR
500,000.00
495,000.00
495,000.00
2.750
2.785
1,171.01
0.00
0.00
1,171.01
91282CET4
1399
101
USTR
500,000.00
491,842.18
491,842.18
2.625
2.661
1,111.68
0.00
0.00
1,111.68
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
91282CFB2
1417
101
USTR
1,000,000.00
989,460.00
989,460.00
2.750
2.787
2,342.04
0.00
0.00
2,342.04
912828XT2
1418
101
USTR
1,000,000.00
985,240.00
985,240.00
2.000
2.024
1,693.99
0.00
0.00
1,693.99
397417AQ9
1419
101
GRNWDS
248,000.00
248,000.00
248,000.00
3.050
3.050
642.43
0.00
0.00
642.43
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
91282CFB2
1422
101
USTR
1,000,000.00
979,645.67
979,645.67
2.750
2.815
2,342.04
0.00
0.00
2,342.04
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
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
Run Date: 05/17/2024 - 12:21
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, 2024 - March 31, 2024
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
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
25460FDW3
1438
101
DIRFCU
248,000.00
248,000.00
248,000.00
4.800
4.800
1,011.03
0.00
0.00
1,011.03
9128282R0
1439
101
USTR
1,000,000.00
927,110.00
927,110.00
2.250
2.434
1,916.21
0.00
0.00
1,916.21
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
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
947.83
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
80865MAB3
1454
101
SCIENT
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
919.93
0.00
0.00
919.93
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
3.522
2,980.76
0.00
0.00
2,980.76
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
91282CEW7
1465
101
USTR
1,000,000.00
967,220.00
967,220.00
3.250
3.369
2,767.86
0.00
0.00
2,767.86
530520AH8
1466
101
LBRTYI
248,000.00
248,000.00
248,000.00
4.500
4.500
947.84
0.00
0.00
947.84
09582YAF9
1467
101
BLURDG
244,000.00
244,000.00
244,000.00
4.200
4.200
870.38
0.00
0.00
870.38
011852AE0
1469
101
ALASKA
248,000.00
248,000.00
248,000.00
4.600
4.600
968.90
0.00
0.00
968.90
92891CCZ3
1472
101
VYSTAR
248,000.00
248,000.00
248,000.00
4.550
4.550
958.37
0.00
0.00
958.37
89789AAG2
1473
101
TRUFCU
248,000.00
248,000.00
248,000.00
4.700
4.700
989.96
0.00
0.00
989.96
59524LAA4
1474
101
MIDCAR
248,000.00
248,000.00
248,000.00
4.850
4.850
1,021.55
0.00
0.00
1,021.55
49306SJ56
1475
101
KEYBNK
244,000.00
244,000.00
244,000.00
5.000
5.000
1,036.17
0.00
0.00
1,036.17
064860MC0
1476
101
BKSIER
244,000.00
244,000.00
244,000.00
4.600
4.600
953.27
0.00
0.00
953.27
909557KQ2
1477
101
UNBKRS
248,000.00
248,000.00
248,000.00
5.000
5.000
1,053.15
0.00
0.00
1,053.15
00833JAQ4
1478
101
AFFNTY
248,000.00
248,000.00
248,000.00
4.900
4.900
1,032.09
0.00
0.00
1,032.09
108622NJ6
1479
101
BRIDWA
248,000.00
248,000.00
248,000.00
4.850
4.850
1,021.56
0.00
0.00
1,021.56
3135GAGA3
1480
101
FNMA
2,000,000.00
2,000,000.00
2,000,000.00
5.200
5.102
8,666.66
0.00
0.00
8,666.66
3135GAGK1
1482
101
FNMA
3,000,000.00
3,000,000.00
3,000,000.00
5.050
4.955
12,625.00
0.00
0.00
12,625.00
724468AC7
1483
101
PITBOW
244,000.00
244,000.00
244,000.00
4.350
4.350
901.47
0.00
0.00
901.47
3134GYPJ5
1484
101
FHLMC
1,000,000.00
999,100.00
999,100.00
5.200
5.107
4,333.33
0.00
0.00
4,333.33
62384RAT3
1485
101
MTNAMR
248,000.00
248,000.00
248,000.00
4.700
4.700
989.96
0.00
0.00
989.96
Run Date: 05/17/2024 - 12:21
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, 2024 - March 31, 2024
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
60425SKB4
1486
101
MINWST
248,000.00
248,000.00
248,000.00
4.250
4.250
895.18
0.00
0.00
895.18
35089LAF0
1491
101
FRPNTS
248,000.00
248,000.00
248,000.00
4.550
4.550
958.37
0.00
0.00
958.37
062119BT8
1492
101
BANK59
248,000.00
248,000.00
248,000.00
4.250
4.250
895.18
0.00
0.00
895.18
152577BN1
1493
101
CENTRL
248,000.00
248,000.00
248,000.00
4.000
4.000
842.52
0.00
0.00
842.52
23248UAB3
1494
101
CYFAIR
248,000.00
248,000.00
248,000.00
4.500
4.500
947.83
0.00
0.00
947.83
91527PBY2
1495
101
UNIVST
248,000.00
248,000.00
248,000.00
4.350
4.350
916.24
0.00
0.00
916.24
92834ABT2
1496
101
VISION
248,000.00
248,000.00
248,000.00
4.050
4.050
853.06
0.00
0.00
853.06
12547CBJ6
1497
101
CIBCBK
244,000.00
244,000.00
244,000.00
4.350
4.350
901.46
0.00
0.00
901.46
843383CS7
1498
101
SBPOPM
248,000.00
248,000.00
248,000.00
4.200
4.200
884.65
0.00
0.00
884.65
06610RCA5
1499
101
BANKRS
248,000.00
248,000.00
248,000.00
4.150
4.150
874.11
0.00
0.00
874.11
90352RDB8
1500
101
USAFCU
248,000.00
248,000.00
248,000.00
4.550
4.550
958.37
0.00
0.00
958.37
87868YAQ6
1501
101
TECHCU
248,000.00
248,000.00
248,000.00
5.000
5.000
1,053.15
0.00
0.00
1,053.15
3133EPME2
1505
101
FFCB
1,000,000.00
998,190.00
998,190.00
3.875
3.809
3,229.16
0.00
0.00
3,229.16
16141BAC5
1506
101
CHRTWY
248,000.00
248,000.00
248,000.00
4.900
4.900
1,032.09
0.00
0.00
1,032.09
23204HPB8
1507
101
CUST
244,000.00
244,000.00
244,000.00
4.500
4.500
932.55
0.00
0.00
932.55
91282CGT2
1508
101
USTR
1,000,000.00
984,600.00
984,600.00
3.625
3.672
3,070.35
0.00
0.00
3,070.35
85279AAC6
1509
101
STVINC
248,000.00
248,000.00
248,000.00
4.600
4.600
968.90
0.00
0.00
968.90
01025RAG4
1510
101
ALABAM
248,000.00
248,000.00
248,000.00
5.000
5.000
1,053.16
0.00
0.00
1,053.16
38120MCA2
1511
101
GLDNST
249,000.00
249,000.00
249,000.00
4.450
4.450
941.09
0.00
0.00
941.09
931142EE9
1512
101
WALMRT
1,000,000.00
973,110.00
973,110.00
3.700
3.731
3,083.33
0.00
0.00
3,083.33
910286GN7
1513
101
UNTFDL
248,000.00
248,000.00
248,000.00
4.500
4.500
947.83
0.00
0.00
947.83
472312AA5
1514
101
JEEPCO
248,000.00
248,000.00
248,000.00
4.700
4.700
989.96
0.00
0.00
989.96
31911KAK4
1515
101
1STELK
248,000.00
248,000.00
248,000.00
4.400
4.400
926.78
0.00
0.00
926.78
05765LBU0
1520
101
BALBOA
248,000.00
248,000.00
248,000.00
4.400
4.400
926.77
0.00
0.00
926.77
6067-001TERM
1521
101
CAMP
20,000,000.00
20,000,000.00
20,000,000.00
5.645
5.645
95,879.18
0.00
0.00
95,879.18
560507AQ8
1522
101
MAINE
248,000.00
248,000.00
248,000.00
4.800
4.800
1,011.03
0.00
0.00
1,011.03
91739JAB1
1523
101
UTH1ST
245,000.00
245,000.00
245,000.00
5.000
5.000
1,040.42
0.00
0.00
1,040.42
91282CGT2
1524
101
USTR
1,000,000.00
990,000.00
990,000.00
3.625
3.652
3,070.35
0.00
0.00
3,070.35
91282CHA2
1525
101
USTR
1,000,000.00
985,000.00
985,000.00
3.500
3.563
2,980.77
0.00
0.00
2,980.77
30960QAR8
1526
101
FARMIG
248,000.00
248,000.00
248,000.00
5.400
5.400
1,137.40
0.00
0.00
1,137.40
3133EPQD0
1527
101
FFCB
1,000,000.00
998,655.69
998,655.69
4.250
4.176
3,541.67
0.00
0.00
3,541.67
91282CEK3
1528
101
USTR
1,000,000.00
980,080.00
980,080.00
2.500
2.558
2,129.12
0.00
0.00
2,129.12
912828W71
1530
101
USTR
0.00
1,960,078.13
0.00
2.125
26.943
3,483.61
0.00
39,921.87
43,405.48
3133EPSK2
1531
101
FFCB
1,000,000.00
990,400.00
990,400.00
4.250
4.210
3,541.67
0.00
0.00
3,541.67
499724AP7
1532
101
KNOX
248,000.00
248,000.00
248,000.00
4.850
4.850
1,021.56
0.00
0.00
1,021.56
05584CJJ6
1533
101
BNYMEL
244,000.00
244,000.00
244,000.00
4.500
4.500
932.54
0.00
0.00
932.54
9128282U3
1535
101
USTR
3,000,000.00
2,899,170.81
2,899,170.81
1.875
1.924
4,738.45
0.00
0.00
4,738.45
Run Date: 05/17/2024 - 12:21
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, 2024 - March 31, 2024
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
9128282N9
1536
101
USTR
2,000,000.00
1,942,840.00
1,942,840.00
2.125
2.194
3,619.50
0.00
0.00
3,619.50
898812AC6
1537
101
TUCSON
248,000.00
248,000.00
248,000.00
5.000
5.000
1,053.15
0.00
0.00
1,053.15
60936TAL3
1538
101
MONEY1
248,000.00
248,000.00
248,000.00
5.000
5.000
1,053.15
0.00
0.00
1,053.15
52470QEC4
1539
101
LEGBKT
248,000.00
248,000.00
248,000.00
4.500
4.500
947.83
0.00
0.00
947.83
3130AXEL8
1541
101
FHLB
1,000,000.00
999,500.00
999,500.00
4.750
4.663
3,958.33
0.00
0.00
3,958.33
912796CX5
1542
101
USTR
2,000,000.00
1,945,964.16
1,945,964.16
5.315
0.00
0.00
0.00
0.00
91282CGT2
1543
101
USTR
1,000,000.00
949,180.00
949,180.00
3.625
3.809
3,070.35
0.00
0.00
3,070.35
666613MK7
1544
101
NORPNT
248,000.00
248,000.00
248,000.00
4.850
4.850
1,021.56
0.00
0.00
1,021.56
58404DTP6
1545
101
MEDBA
248,000.00
248,000.00
248,000.00
4.850
4.850
1,021.56
0.00
0.00
1,021.56
90355GHG4
1546
101
UBS
248,000.00
248,000.00
248,000.00
4.900
4.900
1,032.09
0.00
0.00
1,032.09
42228LAN1
1547
101
HEALTH
248,000.00
248,000.00
248,000.00
5.100
5.100
1,074.22
0.00
0.00
1,074.22
98138MCA6
1548
101
WORKRS
248,000.00
248,000.00
248,000.00
5.200
5.200
1,095.28
0.00
0.00
1,095.28
52171MAM7
1549
101
LEADRS
248,000.00
248,000.00
248,000.00
5.100
5.100
1,074.21
0.00
0.00
1,074.21
91282CFU0
1550
101
USTR
750,000.00
739,200.00
739,200.00
4.125
4.197
2,634.79
0.00
0.00
2,634.79
9127971-11-13
1551
101
USTR
1,000,000.00
974,178.00
974,178.00
5.222
0.00
0.00
0.00
0.00
92023CAJ2
1552
101
VLLSTR
247,000.00
247,000.00
247,000.00
5.200
5.200
1,090.86
0.00
0.00
1,090.86
913065AD0
1553
101
UTLTCH
248,000.00
248,000.00
248,000.00
5.100
5.100
1,074.21
0.00
0.00
1,074.21
3133EPC45
1554
101
FFCB
1,000,000.00
999,770.00
999,770.00
4.625
4.539
3,854.17
0.00
0.00
3,854.17
291916AJ3
1555
101
EMPOWR
247,000.00
247,000.00
247,000.00
5.250
5.250
1,101.35
0.00
0.00
1,101.35
372348DJ8
1556
101
GENOA
248,000.00
248,000.00
248,000.00
4.600
4.600
968.90
0.00
0.00
968.90
912797HS9
1558
101
USTR
2,000,000.00
1,949,466.22
1,949,466.22
5.110
0.00
0.00
0.00
0.00
67886WAJ6
1559
101
OKLACU
248,000.00
248,000.00
248,000.00
5.700
5.700
1,200.59
0.00
0.00
1,200.59
77357DAD0
1560
101
ROCKLA
248,000.00
248,000.00
248,000.00
4.600
4.600
968.90
0.00
0.00
968.90
37173RAL7
1561
101
GENSEE
244,000.00
244,000.00
244,000.00
4.200
4.200
870.38
0.00
0.00
870.38
319137CB9
1562
101
FRBA
244,000.00
244,000.00
244,000.00
4.450
4.450
922.18
0.00
0.00
922.18
89841MAX5
1563
101
TRUFIN
248,000.00
248,000.00
248,000.00
5.150
5.150
1,084.75
0.00
0.00
1,084.75
130162131-3
1564
101
CALCRE
244,000.00
244,000.00
244,000.00
5.100
5.100
1,056.89
0.00
0.00
1,056.89
9128285M8
1565
101
USTR
1,000,000.00
966,718.75
966,718.75
3.125
3.241
2,661.40
0.00
0.00
2,661.40
3130AYBQ8
1566
101
FHLB
1,000,000.00
999,516.00
999,516.00
4.750
4.663
3,958.33
0.00
0.00
3,958.33
91282CJR3
1567
101
USTR
1,000,000.00
997,067.49
997,067.49
3.750
3.771
3,193.68
0.00
0.00
3,193.68
3133EPW84
1568
101
FFCB
1,000,000.00
992,100.00
992,100.00
3.875
3.832
3,229.17
0.00
0.00
3,229.17
3133EPW84
1569
101
FFCB
1,000,000.00
994,400.00
994,400.00
3.875
3.823
3,229.17
0.00
0.00
3,229.17
91282CJV4
1570
101
USTR
1,000,000.00
998,482.98
998,482.98
4.250
4.268
3,619.50
0.00
0.00
3,619.50
91282CJT9
1571
101
USTR
1,000,000.00
996,813.45
996,813.45
4.000
4.024
3,406.59
0.00
0.00
3,406.59
91282CFQ9
1572
101
USTR
1,000,000.00
995,910.11
995,910.11
4.375
4.405
3,725.96
0.00
0.00
3,725.96
3130AYKN5
1573
101
FHLB
1,000,000.00
999,992.84
999,992.84
4.810
4.720
4,008.33
0.00
0.00
4,008.33
32021YEV1
1574
101
1STFED
248,000.00
248,000.00
248,000.00
4.250
4.250
895.18
0.00
0.00
895.18
Run Date: 05/17/2024 - 12:21
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
City of La Quinta
Total Earnings
Page 9
March
1, 2024 - March 31, 2024
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
TYCXX
1575
101
INVSCO
17,546,245.65
14,850,894.25
17,546,245.65
5.180
0.197
2,490.12
0.00
0.00
2,490.12
06426KDE5
1576
101
NWENGL
248,000.00
248,000.00
248,000.00
4.850
4.850
1,021.56
0.00
0.00
1,021.56
84287PJH6
1577
101
STHRN1
248,000.00
248,000.00
248,000.00
4.700
4.700
989.96
0.00
0.00
989.96
3130AYXU5
1579
101
FHLB
2,000,000.00
2,000,000.00
2,000,000.00
4.450
4.366
7,416.66
0.00
0.00
7,416.66
3130AYYJ9
1580
101
FHLB
1,000,000.00
1,000,000.00
1,000,000.00
5.000
4.906
4,166.67
0.00
0.00
4,166.67
9128286131
1581
101
USTR
1,000,000.00
925,976.56
925,976.56
2.625
2.843
2,235.58
0.00
0.00
2,235.58
912796ZW2
1582
101
USTR
2,000,000.00
1,964,420.00
1,964,420.00
5.083
0.00
0.00
0.00
0.00
3135GAPL9
1583
101
FNMA
1,000,000.00
1,000,000.00
1,000,000.00
5.150
5.053
4,291.66
0.00
0.00
4,291.66
31341-11UX9
1584
101
FHLMC
1,000,000.00
1,000,000.00
1,000,000.00
5.500
5.397
4,583.33
0.00
0.00
4,583.33
SYS1585
1585
101
USBANK
23,577.24
0.00
23,577.24
0.00
0.00
0.00
0.00
FUZXX
1586
101
1STAME
1,035,654.92
0.00
1,035,654.92
5.170
14.163
3,597.19
0.00
0.00
3,597.19
09290DAA9
1587
101
BLKRCK
1,000,000.00
0.00
1,003,380.00
4.700
3.562
391.66
0.00
0.00
391.66
3133EP3139
1598
101
FFCB
1,000,000.00
991,400.00
991,400.00
4.125
4.082
3,437.50
0.00
0.00
3,437.50
Subtotal
248,428,993.51
246,100,709.78
247,110,967.22
3.263
632,139.86
0.00
50,121.87
682,261.73
Fund: Fiscal
Agent
SYS1058
1058
231
USBANK
1,650.21
1,695,737.09
1,650.21
1.106
1,593.09
0.00
0.00
1,593.09
Subtotal
1,650.21
1,695,737.09
1,650.21
1.106
1,593.09
0.00
0.00
1,593.09
Fund: Housing
Authority:
WSA and LQ
SYS1062
1062
241
LQPR
151,522.65
133,687.42
151,522.65
0.00
0.00
0.00
0.00
Subtotal
151,522.65
133,687.42
151,522.65
0.00
0.00
0.00
0.00
Fund: SA Low/Mod
Bond Fund
25-33-005
1113
249
LAIF
2,105,608.10
2,105,608.10
2,105,608.10
4.232
4.291
7,673.35
0.00
0.00
7,673.35
Subtotal
2,105,608.10
2,105,608.10
2,105,608.10
4.291
7,673.35
0.00
0.00
7,673.35
Total 250,687,774.47 250,035,742.39 249,369,748.18
Run Date: 05/17/2024 - 12:21
3.256 641,406.30 0.00 50,121.87 691,528.17
Portfolio CITY
CID
TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
CCity of La Quinta
City of La Qu i nta
t(v Ow tr(V Maturity Report
GEM of the DESERT — Sorted by Maturity Date
Amounts due during January 1, 2024 - March 31, 2024
Sec.
Maturity
Purchase
Rate
Book Value
Maturity
Net
CUSIP
Investment #
Fund
Type Issuer
Par Value
Date
Date at Maturity
at Maturity
Interest
Proceeds
Income
91282CBEO
1342
101
TRC
USTR
1,000,000.00
01/15/2024
10/22/2021
0.125
991,000.00
625.00
1,000,625.00
9,625.00
89269FDP7
1415
101
MC1
TRADCP
246,000.00
01/22/2024
07/20/2022
3.000
246,000.00
40.44
246,040.44
40.44
51210SQU4
1208
101
MC1
LKSIDE
248,000.00
01/29/2024
07/30/2019
2.000
248,000.00
421.26
248,421.26
421.26
912828V80
1516
101
TRC
USTR
2,000,000.00
01/31/2024
06/30/2023
2.250
1,964,400.00
22,500.00
2,022,500.00
58,100.00
91282CDVO
1519
101
TRC
USTR
1,000,000.00
01/31/2024
07/12/2023
0.875
975,600.00
4,375.00
1,004,375.00
28,775.00
77579ADFO
1251
101
MC1
RLLSTN
245,000.00
02/12/2024
02/12/2020
1.650
245,000.00
2,037.86
247,037.86
2,037.86
3130AFW94
1177
101
FAC
FHLB
500,000.00
02/13/2024
03/01/2019
2.500
498,550.00
6,250.00
506,250.00
7,700.00
66736ABP3
1181
101
MC1
NRTHWS
248,000.00
02/13/2024
02/13/2019
2.950
248,000.00
621.36
248,621.36
621.36
3133ELNEO
1246
101
FAC
FFCB
1,000,000.00
02/14/2024
02/14/2020
1.430
999,000.00
7,150.00
1,007,150.00
8,150.00
912828666
1518
101
TRC
USTR
2,000,000.00
02/15/2024
07/12/2023
2.750
1,969,580.00
27,500.00
2,027,500.00
57,920.00
949763XY7
1174
101
MC1
WELLS
248,000.00
02/27/2024
02/27/2019
3.000
248,000.00
631.89
248,631.89
631.89
3130ARHG9
1529
101
FAC
FHLB
1,000,000.00
02/28/2024
08/10/2023
2.125
982,520.00
10,625.00
1,010,625.00
28,105.00
91282CBR1
1352
101
TRC
USTR
1,000,000.00
03/15/2024
12/07/2021
0.250
989,800.00
1,250.00
1,001,250.00
11,450.00
50625LAW3
1384
101
MC1
LFYTT
248,000.00
03/28/2024
03/30/2022
2.050
248,000.00
390.01
248,390.01
390.01
882213A67
1260
101
MC1
TEXAS
245,000.00
03/28/2024
03/31/2020
1.100
245,000.00
1,329.04
246,329.04
1,329.04
912828W71
1530
101
TRC
USTR
2,000,000.00
03/31/2024
08/10/2023
2.125
1,960,078.13
21,250.00
2,021,250.00
61,171.87
Run Date: 05/17/2024 - 12:23
Total Maturities 13,228,000.00 13,058,528.13 106,996.86 13,334,996.86 276,468.73
Portfolio CITY
CID
MA (PRF MA) 7.1.1
Report Ver. 7.3.6.1
ta Qa 0 tt(V
GEM of the DESERT —
City of La Quinta
Sales/Call Report
Sorted by Maturity Date - Fund
January 1, 2024 - March 31, 2024
City of La Quinta
Issuer
Purchase Redem. Date
Par Rate at
Book Value
Redemption
Redemption
Total
CUSIP Investment # Fund Sec. Type
Date Matur. Date
Value Redem.
at Redem.
Principal
Interest
Amount Net Income
06/20/2024
313384YJ2 1534 101 FHLB
09/07/2023 02/15/2024
2,000,000.00 5.210
1,916,929.44
1,962,400.00
0.00
1,962,400.00 45,470.56
AFD
06/20/2024
Sale
Subtotal
2,000,000.00
1,916,929.44
1,962,400.00
0.00
1,962,400.00 45,470.56
Total Sales 2,000,000.00 1,916,929.44 1,962,400.00 0.00 1,962,400.00
Run Date: 05/17/2024 - 12:24
45,470.56
Portfolio CITY
CID
SA (PRF_SA) 7.1.1
Report Ver. 7.3.6.1
I
t(V ow &(V City of La Qu i nta City of La Quinta
Purchases Report
GEM ofthe DESERT - Sorted by Security Type - Fund
January 1, 2024 - March 31, 2024
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
Bank Accounts
SYS1585 1585 101 RRP USBANK 463,510.69 03/12/2024 / - Monthly 463,510.69 23,577.24
Subtotal 463.510.69 463,510.69 0.00 23.577.24
Money Market/Mutual Funds
TYCXX 1575
101
LA4 INVSCO
12,332,517.37 02/05/2024 03/01 - Monthly
12,332,517.37
5.180
5.180
17,546,245.65
FUZXX 1586
101
LA4 1STAME
463,510.69 03/12/2024 04/01 - Monthly
463,510.69
5.170
5.170
1,035,654.92
Su btotal
12,796,028.06
12,796,028.06
0.00
18,581, 900.57
Federal Agency Coupon Securities
3133EPW84 1568
101
FAC FFCB
1,000,000.00 01 /18/2024 07/18 - 01/18
992,100.00
3.875
01/18/2029
4.051
992,100.00
3133EPW84 1569
101
FAC FFCB
1,000,000.00 0 1 /30/2024 07/18 - 01/18
994,400.00
Received
3.875
01/18/2029
4.000
994,400.00
3130AYKN5 1573
101
FAC FHLB
1,000,000.00 0 1 /31/2024 07/10 - 01 /10
999,992.84
Received
4.810
01/10/2025
4.810
999,992.84
3133EP369 1598
101
FAC FFCB
1,000,000.00 02/14/2024 08/13 - 02/13
991,400.00
Received
4.125
02/13/2029
4.318
991,400.00
3130AYXU5 1579
101
FAC FHLB
2,000,000.00 02/15/2024 08/12 - 02/12
2,000,000.00
4.450
02/12/2029
4.450
2,000,000.00
3130AYYJ9 1580
101
FAC FHLB
1,000,000.00 02/15/2024 08/15 - 02/15
1,000,000.00
5.000
02/15/2029
5.000
1,000,000.00
3135GAPL9 1583
101
FAC FNMA
1,000,000.00 02/26/2024 08/26 - 02/26
1,000,000.00
5.150
02/26/2027
5.150
1,000,000.00
3134H1UX9 1584
101
FAC FHLMC
1,000,000.00 02/29/2024 08/26 - 02/26
1,000,000.00
Received
5.500
02/26/2029
5.500
1,000,000.00
Subtotal
9,000,000.00
8,977,892.84
0.00
8,977,892.84
Treasury Coupon Securities
91282CJR3 1567
101
TRC USTR
1,000,000.00 01/02/2024 06/30 - 12/31
997,067.49
Received
3.750
12/31/2028
3.815
997,067.49
91282CJV4 1570
101
TRC USTR
1,000,000.00 01/31/2024 07/31 -01/31
998,482.98
4.250
01/31/2026
4.330
998,482.98
91282CJT9 1571
101
TRC USTR
1,000,000.00 01/31/2024 07/15 - 01/15
996,813.45
Received
4.000
01/15/2027
4.115
996,813.45
91282CFQ9 1572
101
TRC USTR
1,000,000.00 01/31/2024 04/30 - 10/31
995,910.11
Received
4.375
10/31/2024
4.930
995,910.11
9128286B1 1581
101
TRC USTR
1,000,000.00 02/15/2024 08/15 - 02/15
925,976.56
2.625
02/15/2029
4.285
925,976.56
Subtotal
5,000,000.00
4,914,250.59
0.00
4,914,250.59
Treasury Discount Notes
912796ZW2 1582
101
ATD USTR
2,000,000.00 02/15/2024 06/20 - At Maturity
1,964,420.00
5.083
06/20/2024
5.247
1,964,420.00
Su btotal
2,000,000.00
1,964,420.00
0.00
1,964,420.00
Certificate of Deposits
32021YEV1 1574
101
MC1 1STFED
248,000.00 02/09/2024 03/09 - Monthly
248,000.00
4.250
07/09/2026
4.245
248,000.00
Received = Accrued Interest at Purchase was received
by report ending date.
Run Date: 05/17/2024 - 12:22
Portfolio CITY
CID
PU (PRF_PU) 7.1.1
Report Ver. 7.3.6.1
City of La Quinta
Purchases Report
Page 2
January 1, 2024 - March 31, 2024
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
06426KDE5 1576
101
MC1 NWENGL
248,000.00 02/14/2024 03/14 - Monthly
248,000.00
4.850
01/14/2025
4.856
248,000.00
84287PJH6 1577
101
MC1 STHRN1
248,000.00 02/14/2024 03/14 - Monthly
248,000.00
4.700
05/14/2025
4.687
248,000.00
Su btotal
744,000.00
744,000.00
0.00
744,000.00
Corporate Notes
09290DAA9 1587
101
MC2 BLKRCK
1,000,000.00 03/28/2024 09/14 - 03/14
1,003,380.00
Received
4.700
03/14/2029
4.620
1,003,380.00
Su btotal
1,000,000.00
1,003,380.00
0.00
1,003,380.00
Total Purchases 31,003,538.75 30,863,482.18 0.00 36,209,421.24
Received = Accrued Interest at Purchase was received by report ending date.
Run Date: 05/17/2024 - 12:22
Portfolio CITY
CID
PU (PRF_PU) 7.1.1
Report Ver. 7.3.6.1
US Treasury Rates
https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?tvpe=daily treasury yield curve&field tdr date value=2023
Effective
Effective
Date
1 mo
2 mo
3 rno
6 mo
1 yr 2 yr
3 yr 5 yr 7 yr 1 D yr
2U yr
30 yr
Rate of
Rate of
Return City
Return City
City
Portfolio
Portfolio
Portfolio
{month)
IYTD}
YTM
113112024
5.53
5.46
5.42
5.18
4.73 4.27
4.05 3.91 3.95 3.99
4.34
4.22
3.35
3.29
3.305
212912024
5.53
5.50
5.45
5.30
5.01 4.64
4.43 4.26 4.28 4.25
4.51
4.38
3.90
3.36
3.63
312812024
5.49
5.48
5.45
5.38
5.03 4.59
4.40 4.21 4.20 4.20
4.45
4.34
3.26
3.35
3.698
TREASURY RATES AND PORTFOLIO RETURNS
--s.- 1-YrTreasury
f5-YrTreasury
-h-Effective Rate of Return City Portfolio (Y70) -W City
Portfolio YTM
5.60
5.35
5.10
4.85
4.60
4.35
4.10
3.85
3.60
3.35
3.10
2.85
2.60
2.35
2.10
1.85
1.60
1.35
1.10
0.85
0.60
0.35
0.10
-0.15,L'b titi titi titi titi titi titi titi titi titi titi titi .ti'h ,tiM ,tiM ,y3 ti� ,y3 ti� ,tiM ,y3 ,y3 ,�'� ti� ti& ti�
Q. ,LO
1� ob� ti� �� ti� �� ti� ti� O,
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: June 5, 2024
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 Audit for fiscal year 2022/23- In process,
anticipated completion by 6/30/2024
• Single Audit for federal funds for fiscal year 2022/23- In process
COMMITTEE UPDATES
• FY 2024/25 General Fund Operating Budget (Commissioners Anderson,
Kiehl, and Dorsey)
o The FY 2024/25 budget process is in process by City staff and
management. Initial requests have been received and are
incorporated into the draft budget as presented.
• 10-Year Projection Task Force (Commissioners Anderson, Batavick, and
Dorsey)
o Conducted initial meeting on January 20, 2023
o Additional meetings to be scheduled
• Financial Statement and Audit training - staff is currently researching
options
CITY COMMISSIONER SEATS
• The City is looking for interested citizens to fill vacancies on the following
City Commissions:
YOU CAN MAKE A DIFFERENCE!
APPLY FOR OPEN COMMISSION SEATS FOR THE CITY OF LA QUINTA
The City of La Qu inta is looking for interested
citizens to fill vacancies on the following City
Commissions.
Planning Commission - 3 Seats
Financial Advisory Commission - 4 Seats
Arts & Community Services Commission - 3 Seats
Housing Commission - 4 Seats
Palm Springs Airport Commission - 1 Seat
Coachella Valley Conservation Commission Trails
Management Subcommittee - 2 Seats
Construction Board of Appeals - 1 Seat
Application deadline: June 19, 2024
Three-year term ending June 30, 2027
Interviews will be conducted by the City Council & Housing
Authority on June 26, 2024, at 3:30 pm
Applications must be submitted by
June 19, 2024
Interviews will be conducted by the City
Council/Housing Authority on June 26,
2024, at 3:30 PM. Applicants must be
present for consideration.
For more information, visit
laquintaca.gov/commissions I
or call the City Clerk's Office at 760.777.7162
Applicants must be a resident of La Quinta
and a registered voter.
For an application and more information please contact the City Clerk's
office at 760-777-7162 or visit: https://www.laguintaca.gov/commissions.
CITY UPDATES
• Hwy 111 Corridor Specific Plan; prior City Council and Planning
Commission joint meeting held on:
o September 26, 2023
o To date, expenditures related to the project are detailed in the Project
Activity Report (Attachment 1), in the amount of $860,667.91
Revenue allocations of Measure G do not yet include the most recent
quarter entry.
• The City is currently exploring the following:
o Feasibility of undergrounding utilities in various areas of the City;
prior City Council study sessions held on:
■ September 19, 2023
■ December 19, 2023
o Imperial Irrigation District (IID) power distribution substations in La
Quinta cost -share options for upgrades; prior City Council study
sessions held on
January 16, 2024. Agreement with IID pending, tentatively going
to Council on 5/21/2024.
Staff encourages the FAC members to view the meetings as time permits.
Tropical Storm Hilary — Federal Disaster Assistance
o The City is currently working with FEMA and meeting on a weekly
basis on the reporting and reimbursement process. More information
on the City's potential reimbursement will be provided at future
meetings.
• Strategic Plan Update- The City recently held its first Strategic Plan
Community presentation on 4/25/2024. As the Strategic Plan is developed,
presentations will be made to the various boards and commissions, with
plans to formally present to Council later this year.
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.
HAND OUTS
FAC
SPECIAL
MEETING
DUNE 51 2024
BUSINESS SESSION ITEM NO. 2 - HANDOUT 1
DISCUSS FISCAL YEAR 2024/25 PRELIMINARY PROPOSED BUDGET AND APPROVE ALLOCATION OF MEASURE G SALES TAX REVENUE - PROVIDED BY STAFF
MEASURE G REVENUES AND USES SUMMARY
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
Actual
16,088,087
2023/24
Budget (Current)
15,700,000
2024/25
Budget (Proposed)
15,500,000
TOTAL $ 108,197,229
MEASURE G USES
Year Earned
Project Description
morw-
Operational Capital
Reserves Total by Year
2016/17
Eisenhower Dr. Retention Basin
750,000
Washington St. Connector to Art & Music Line
712,650
1,462,650
2017/18
Public Safety Fund
300,000
North La Quinta Landscape Improvements
1,802,576
Citywide Drainage Enhancements
2,407,373
La Quinta Village Road Diet Project
1,972,158
X-Park Funding
147,350
Alongi Building Improvements
800,000
SilverRock Event Site
321,900
SilverRock Event Site
244,700
Alongi Building at SilverRock Event Site
160,000
SilverRock Event Site
290,000
SilverRock Event Site Retention Basin
10,000
SilverRock Event Site Retention Basin
427,250
Measure G Reserves 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
194,730
North La Quinta Landscape Improvements
2,129,613
SilverRock Event Site
1,300,000
Measure G Reserves 18/19
4,383,775
10,958,118
2019120
Public Safety Contract Services
2,750,000
Corporate Yard Administration/Crew Quarters
411,013
Highway 111 Corridor Improvements
1,000,000
North La Quinta Landscape Improvements
3,703,369
Village Art Plaza Promenade
310,000
Measure G Reserves 19/20
2,136,144
10,310,526
2020/21
Public Safety Contract Services
4,545,000
X-Park Landscaping
275,000
Highway 111 Corridor Improvements
250,000
Measure G Reserves 2020/21
7,524,389
12,594,389
2021/22
Public Safety Contract Services
5,163,000
Landscape Renovation Improvements
1,408,356
Highway 111 Corridor Improvements
1,000,000
Fritz Burns Park Improvements
350,000
Allocate Bridge Funding
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
500,000
Sports Complex Lighting
300,000
Village Underground Utilities Feasibility
100,000
ADA Transition Plan Update
150,000
Village Parking Lot
500,000
Phase II Public Safety Camera System
1,797,000
Smart Infrastructure Feasibility
250,000
Highway 111 Corridor Improvements
1,000,000
Dune Palms Bridge Advance Funding Reimbursement
(7,468,061)
Measure G Reserves 2022/23
13,859,148
16,088,087
2023/24
Public Safety Contract Services
5,100,000
Highway 111 Corridor Improvements
1,000,000
Avenue 48 Art and Music Line
2,400,000
Fritz Burns Park Improvements
1,500,000
Highway 111 Event Site
500,000
Washington St. Connector to Art & Music Line
1,200,000
Measure G Reserves 2023/24
4,000,000
15,700,000
2024/25
Public Safety Contract Services
7,300,000
Pavement Management Plan Street Improvements
1,000,000
Maintenance & Operations Yard
900,000
Cultural Campus
1,000,000
Highway 111 Corridor Area Plan Implementation
3,050,000
Fritz Burns Park Improvements
5,000,000
Highway 111 Event Site - Reprogrammed to Fritz Burns Park Improvements
(500,000)
Citywide Dog Park Improvements
500,000
Welcome Center Improvements
750,000
Measure G Reserves 2024/25
3,500,000
15,000,000
$ 107,697,229
TOTAL $ 33,208,000 $ 45,275,038 $
29,714,191
BUSINESS SESSION ITEM NO. 2 - HANDOUT 2
DISCUSS FISCAL YEAR 2024/25 PRELIMINARY PROPOSED BUDGET AND APPROVE ALLOCATION OF
MEASURE G SALES TAX REVENUE - PROVIDED BY STAFF
CITY OF LA QUINTA
CAPITAL IMPROVEMENT PROGRAM
REVENUE SUMMARY
General Community Maintenance
Fund Measure G /Cultural SB 1 Road DIF and Facilities Other Other
Project # Project Description Operating Sales Tax Center DIF Maint/Rehab Transportation DIF Measure A Revenue Revenue Source Total
2024/2025
2425ADA
ADA Accessible Ramps - Various Locations
20,000
20,000
2425CPM
Citywide Preventative Maintenance Plan Improvements
50,000 Equip Replacement Fund 50,000
2425PMP
Pavement Management Plan Street Improvements
1,000,000 1,000,000
2,000,000
2425STI
Sidewalks - Various Locations
55,000
55,000
2425TMI
Citywide Traffic Signal Maintenance Improvements
235,000 235,000
2425DRA
Citywide Drainage Enhancements
477,000
No Earmark Funding Anticipated 477,000
201702
Developer Reimbursement for DIF Eligible Improvements
400,000 400,000
201804
Landscape and Lighting Median Island Improvements
500,000
500,000
201805
Maintenance and Opwations Yard
900,000
100,000 1,000,000
201905
Highway 111 Corridor Area Plan Implementation (for 2022-25)
3,050,000
984,000
4,000,000 Earmark Funding 2024
8,034,000
202101
Dune Palms Pavement Rehabilitation (Miles Avenue to Fred Waring Drive)
200,000
200,000
202102
Fritz Burns Park Improvements
5,000,000
Reprogram project 202304 HWY 111 Event Site (MG $500k)
5,000,000
202205
Avenue 50 Widening Improvements (Jefferson Street to Madison Street)
579,109
579,109
202333
BPMP Bridge Preventitive Maintenance Program
165,000
165,000
202401
Avenue 50 Sidewalk Improvements (Washington Street to Avenida Montero)
400,000
400,000
202402
Washington Street Sidewalk Improvements (Calle Tampico to Avenue 52)
478,000
Reprogram of 23/24 SB1 funds
478,000
202403
Cove Area Slurry Seal Improvements Phase 1
1,000,000
1,000,000
202404
City Hall Drainage Improvements
1,000,000
1,000,000
202405
Citywide Miscellaneous ADA Improvements
175,000 CDBG
175,000
202406
Citywide Miscellaneous Concrete Improvements
1,000,000
1,000,000
202407
Citywide Dog Park Improvements
1,000,000
500,000
Reprogram project 202310 SRR Dust Control (GF $1 M)
1,500,000
202408
Village Parking Lot Utility Undergrounding
500,000
500,000
202409
Welcome Center Improvements
750,000
750,000
202410
Avenue 52 at Jefferson Street Roundabout Safety Improvements
600,000
600,000
202411
SilverRock Way Slurry Seal Improvements
500,000
500,000
FY 2024/2025 SUBTOTAL: 5,717,000 12,200,000 500,000 1,462,000 1,579,109 100,000 2,335,000 4,225,000 28,118,109
2025/2026
2526ADA
ADA Accessible Ramps - Various Locations
20,000
20,000
2526CPM
Citywide Preventative Maintenance Plan Improvements
50,000 Equip Replacement Fund
50,000
2526PMP
Pavement Management Plan Street Improvements
1,000,000
1,000,000
2,000,000
2526STI
Sidewalks - Various Locations
55,000
55,000
2526TMI
Citywide Traffic Signal Maintenance Improvements
235,000
235,000
2425DRA
Citywide Drainage Enhancements
477,000
477,000
201702
Developer Reimbursement for DIF Eligible Improvements
400,000
400,000
201804
Landscape and Lighting Median Island Improvements
500,000
500,000
201805
Maintenance and Operations Yard
7,500,000
7,500,000
201905
Highway 111 Corridor Area Plan Implementation
1,000,000
1,000,000
202501
Citywide Striping Refresh
500,000
500,000
202502
Highway 111/Simon Drive Dual Left Turn Lanes
700,000
700,000
202503
Cove Area Slurry Seal Improvements Phase 2
950,000
950,000
202504
Avenue 47 Pavement Rehabilitation (Washington Street to Adams Street)
525,000
525,000
202505
Phase III Public Safety Camera System
3,000,000
3,000,000
202506
Washington Street at Lake La Quinta Drive (New Traffic Signal)
430,000
430,000
202507
Francis Hack Lane Pavement Rehabilitation (Avenida Bermudas to Cul-De-Sac)
580,000
580,000
202508
Corporate Centre Drive Gap Closure
1,000,000
1,000,000
202509
5-Year PMPUpdate
75,000
75,000
202510
Washington Street Pavement Rehabilitation Project (Eisenhower Drive to northern city limit)
3,100,000 Federal Earmark Funding
3,100,000
FY 2025/2026 SUBTOTAL: 2,052,000 12,500,000 0 950,000 1,830,000 2,615,000 3,150,000 23,097,000
2026/2027
2627ADA
ADA Accessible Ramps - Various Locations
20,000
20,000
2627CPM
Citywide Preventative Maintenance Plan Improvements
50,000 Equip Replacement Fund 50,000
2627PMP
Pavement Management Plan Street Improvements
1,000,000 1,000,000
2,000,000
2627STI
Sidewalks - Various Locations
55,000
55,000
2627TMI
Citywide Traffic Signal Maintenance Improvements
235,000 235,000
2627DRA
Citywide Drainage Enhancements
477,000
477,000
201702
Developer Reimbursement for DIF Eligible Improvements
400,000 400,000
CITY OF LA QUINTA
CAPITAL IMPROVEMENT PROGRAM
REVENUE SUMMARY
General Community Maintenance
Fund Measure G /Cultural SB 1 Road DIF and Facilities
Other
Other
Project # Project Description Operating Sales Tax Center DIF Maint/Rehab Transportation DIF Measure A Revenue Revenue Source Total
201804 Landscape and Lighting Median Island Improvements 500,000 500,000
201905 Highway 111 Corridor Area Plan Implementation 1,000,000 1,000,000
202601 North La Quinta Slurry Seal Improvements/Pavement Repair 1,500,000 1,500,000
202602 Citywide Arterial Slurry Seal Improvements 1,000,000 1,000,000
FY 2026/2027 SUBTOTAL: 2,052,000 2,000,000 0 1,000,000 400,000 1,735,000 50,000 7,237,000
2027/2028
2728ADA
ADA Accessible Ramps - Various Locations
20,000
20,000
2728CPM
Citywide Preventative Maintenance Plan Improvements
50,000 Equip Replacement Fund 50,000
2728PMP
Pavement Management Plan Street Improvements
1,000,000 1,000,000
2,000,000
2728STI
Sidewalks - Various Locations
55,000
55,000
2728TMI
Citywide Traffic Signal Maintenance Improvements
235,000 235,000
2728DRA
Citywide Drainage Enhancements
477,000
477,000
201702
Developer Reimbursement for DIF Eligible Improvements
400,000 400,000
201804
Landscape and Lighting Median Island Improvements
500,000
500,000
201905
Hiqhwav 111 Corridor Area Plan Implementation
1,000,000
1,000,000
FY 2027/2028 SUBTOTAL: 2,052,000 2,000,000 0 0 400,000 235,000 50,000 4,737,000
2028/2029
2829ADA ADA Accessible Ramps -Various Locations 20,000 20,000
2829CPM Citywide Preventative Maintenance Plan Improvements 50,000 Equip Replacement Fund 50,000
2829PMP
Pavement Management Plan Street Improvements
1,000,000 1,000,000
2,000,000
2829STI
Sidewalks - Various Locations
55,000
55,000
2829TMI
Citywide Traffic Signal Maintenance Improvements
235,000
235,000
2829DRA
Citywide Drainage Enhancements
477,000
477,000
201702
Developer Reimbursement for DIF Eligible Improvements
400,000
400,000
201804
Landscape and Lighting Median Island Improvements
500,000
500,000
201905
Hiqhwav 111 Corridor Area Plan Implementation
1,000,000
1,000,000
FY 2028/2029 SUBTOTAL: 2,052,000 2,000,000 0 0 400,000 235,000 50,000 4,737,000
TOTAL FISCAL YEARS 2024/25 THROUGH 2O28/29: 13,925,000 30,700,000 500,000 3,412,000 4,6099109 1009000 7,155,000 7,5259000 67,9269109
POWER POINTS
FAC
SPECIAL
MEETING
JUNE 512024
Financial Advisory Commission
Special Meeting
June 5, 2024
MCA
.�
9V_All
Financial Advisory Commission
Special Meeting
6/5/2024
Business Session Item No. 1
Approve The Fiscal Year 2024125 Investment Policy
Proposed Edits
• Extend maximum maturity by 30 days to account for
new issue CD and Treasury settle dates
• Remove limit for professionally managed portfolio
• Raise Government Agency bond limits to $30 million
per issuer
• List examples of JPA Pools
• Update Appendices C and D with correct bank
names/staff titles
Appendices
• Removed reference to Bank of the West, as
transition to BMO is now complete
• Removed BNY Mellon as an approved
custodian bank, assets have been transferred
to US Bank
• Change staff title from Accounting Manager to
Finance Manager
Discussion �
Questions
Financial Advisory Commission Special Meeting
6/5/2024
Business Session Item No. 2
Discuss Fiscal Year 2024/25 Preliminary Proposed Budget
and Approve Allocation of Measure G Sales Tax Revenue
16
C
T"
Discussion
Topics
➢ General Fund Update
➢ Special Funds
➢ Capital Improvement
Fund
7
6/5/2024
Capital Improvement Plan
➢ 2024/25 through 2028/29
CIP Plan discussed on
April 2, 2024
➢ Focus on transportation
and parks & facilities
projects
Discussion & Questions
June 12 Housing Commission - Final Review of Housing Budget
June 18 City Council — Final Budget Adoption
Financial Advisory Commission Meeting
5/8/2024
Business Session Item No. 3
Approve The Fiscal Year 2024/25 Meeting Dates
Amended Proposed Meeting dates for fiscal year 2024/25
August 14, 2024 (Wednesday) regular quarterly meeting
October 2, 2024 (Wednesday) special meeting
November 6, 2024
(Wednesday)
special meeting
Added
hleyembeF 13, 2024
(Wednesday)
Feg filar aFte Fneetk4n
Cancelled
q y
December 4, 2024
(Wednesday)
special meeting
February 5, 2025
(Wednesday)
special meeting
Added
Pebryary 12,2025
(Wed„esda)
larterly moo+inn
Feg filar
Cancelled
q
April 2, 2025
(Wednesday)
special meeting
Added
Apr'! 9, 20-25
(WedResday)-special
Fneeti;g
Replaced with April 2, 2025
May 7, 2025
(Wednesday)
regular quarterly meeting
June 4, 2025
(Wednesday)
special meeting
Added
dY 9 11 2525
inn edResday)
GpeGial rnee# rr
Replaced with June 4, 2025
Financial Advisory Commission
Special Meeting
6/5/2024
Business Session Item No. 4
Receive and File Third Quarter Fiscal Year 2023124
Treasury Reports for January, February, and March 2024
1.9 If
Portfolio Allocations
6/5/2024
6/5/2024
10
Looking Forward
• Projecting $6.6 million in total interest for
2024/25
• Utilize CAMP TERM to lock in rates
• Consider shift back to LAIF
• Place short-term investments out 1-3 years
• Continue ongoing strategy of rolling ladder of
maturities
QUESTIONS
DISCUSSION
Akb l
p
The Next Regular Financial Advisory
Commission Meeting will be on
August 14, 2024
CAof
a�W �wNNW
_ CALIFORNIA
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