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2024 06 04 CounciltaQa�fta GEM of the DESERT — • DEPARTMENTAL REPORT ITEM NO. 1 City Council agendas and staff reports CONSIDERED BEFORE ANNOUNCEMENTS, are available on the City's PRESENTATIONS, AND WRITTEN web page: www.LaQuintaCA.gov COMMUNICATIONS • CONSENT CALENDAR ITEM NO. 9 WAS PULLED AND CONSIDERED AS BUSINESS CITY COUNCIL SESSION ITEM NO. 1 AGENDA CITY HALL COUNCIL CHAMBER 78495 Calle Tampico, La Quinta REGULAR MEETING ON TUESDAY, JUNE 4, 2024 3:00 P.M. CLOSED SESSION 1 4:00 P.M. OPEN SESSION Members of the public may listen to this meeting by tuning -in live via httD://laauinta.12milesout.com/video/live. CALL TO ORDER ROLL CALL: Councilmembers: Fitzpatrick, McGarrey, Pena, Sanchez, and Mayor Evans PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA At this time, members of the public may address the City Council on any matter not listed on the agenda pursuant to the "Public Comments — Instructions" listed at the end of the agenda. The City Council 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 CLOSED SESSION 1. CONFERENCE WITH LEGAL COUNSEL — ANTICIPATED LITIGATION; INITIATION OF LITIGATION PURSUANT TO PARAGRAPH (4) OF SUBDIVISION (d) OF SECTION 54956.9 (NUMBER OF POTENTIAL CASES: 1) 2. CONFERENCE WITH LABOR NEGOTIATORS PURSUANT TO GOVERNMENT CODE SECTION 54957.6; CITY DESIGNATED REPRESENTATIVE: CARLA TRIPLETT, HUMAN RESOURCES MANAGER; AND EMPLOYEE ORGANIZATION: LA QUINTA CITY EMPLOYEES' ASSOCIATION, AND UNREPRESENTED EMPLOYEES RECESS TO CLOSED SESSION CITY COUNCIL AGENDA Page 1 of 8 JUNE 4, 2024 RECONVENE AT 4:00 P.M. REPORT ON ACTION(S) TAKEN IN CLOSED SESSION PLEDGE OF ALLEGIANCE PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA At this time, members of the public may address the City Council on any matter not listed on the agenda pursuant to the "Public Comments — Instructions" listed at the end of the agenda. The City Council values your comments; however, in accordance with State law, no action shall be taken on any item not appearing on the agenda unless it is an emergency item authorized by the Brown Act [Government Code § 54954.2(b)]. ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS 1. CHUCKWALLA NATIONAL MONUMENT — DESIGNATION UPDATE BY RESIDENT KATIE BARROWS, VOLUNTEER WITH THE PROJECT CALIFORNIA DESERTS COALITION CONSENT CALENDAR NOTE: Consent Calendar items are routine in nature and can be approved by one motion. PAGE 1. ADOPT RESOLUTIONS TO: A) APPROVE PRELIMINARY FISCAL YEAR 2024/25 ENGINEER'S ANNUAL LEVY REPORT FOR LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT 89-1, AND B) DECLARE INTENT TO LEVY ANNUAL ASSESSMENTS FOR LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT 89-1 [RESOLUTION NOS. 2024-019 AND 2024-020] 2. APPROVE JOINT USE OF FACILITY AND SERVICES AGREEMENT WITH THE BOYS AND GIRLS CLUB OF COACHELLA VALLEY 3. APPROVE AGREEMENT FOR CONTRACT SERVICES WITH TY LIN INTERNATIONAL FOR SEISMIC AND STRUCTURAL EVALUATION SERVICES FOR THE CITY OWNED LUMBER YARD BUILDING PROJECT NO. 2019-01; LOCATED AT 77895 AVENIDA MONTEZUMA 4. APPROVE AGREEMENT FOR CONTRACT SERVICES WITH ST. FRANCIS ELECTRIC FOR ON -CALL TRAFFIC SIGNAL REPAIR SERVICES 5. APPROVE AMENDMENT NO. 4 TO AGREEMENT FOR CONTRACT SERVICES WITH OCEAN SPRINGS TECH, INC., FOR POOL AND WATER FEATURE MAINTENANCE SERVICES PROJECT NO. 2020-11, FOR A ONE-YEAR TERM EXTENSION AND RELATED COMPENSATION 6. APPROVE AMENDMENT NO. 6 TO AB 2766 MEMORANDUM OF UNDERSTANDING WITH THE COACHELLA VALLEY ASSOCIATION OF CITY COUNCIL AGENDA Page 2 of 8 JUNE 4, 2024 GOVERNMENTS TO PROVIDE FUNDING FOR THE REGIONAL PM10 STREET SWEEPING PROGRAM 7. APPROVE AMENDMENT NO. 4 TO AGREEMENT FOR CONTRACT SERVICES WITH ACORN TECHNOLOGY SERVICES FOR MANAGED INFORMATION TECHNOLOGY SERVICES 8. AUTHORIZE THE PUBLIC WORKS DEPARTMENT TO UTILIZE PWLC II, INC. FOR ADDITIONAL SPENDING AUTHORITY UP TO $70,000 FOR ADDITIONAL WORK IN FISCAL YEAR 2023/24, AS A SINGLE SOURCE FOR MAINTENANCE SERVICES WITHIN THE LIGHTING AND LANDSCAPE ASSESSMENT DISTRICT 89-1 WHEN THEY ARE THE QUALIFIED AND/OR LOWEST BIDDER 9. Pulled from Consent Calendar by Mayor Evans and considered as Business 141 Session Item No. 1 >>> ADOPT RESOLUTION IN SUPPORT OF THE PROPOSED CHUCKWALLA NATIONAL MONUMENT [RESOLUTION NO. 2024-021] 10. AUTHORIZE OVERNIGHT TRAVEL FOR JUNIOR ACCOUNTANT AND FINANCE MANAGER TO ATTEND THE CALPERS EDUCATIONAL FORUM IN SAN DIEGO, CALIFORNIA, OCTOBER 28-30, 2024 11. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED MARCH 31, 2024 12. RECEIVE AND FILE THIRD QUARTER FISCAL YEAR 2023/24 TREASURY REPORTS FOR JANUARY, FEBRUARY, AND MARCH 2O24 13. APPROVE DEMAND REGISTERS DATED MAY 17 AND 24, 2024 225 BUSINESS SESSION All Business Session items were renumbered due to pulling Consent Calendar Item No. 9 from the Consent Calendar and adding it for consideration under the Business Session section of the agenda. PAGE 1. Pulled from Consent Calendar by Mayor Evans and considered under Business Session >>> ADOPT RESOLUTION IN SUPPORT OF THE PROPOSED CHUCKWALLA NATIONAL MONUMENT [RESOLUTION NO. 2024-021] ADOPT RESOLUTIONS TO: 1) APPROVE AMENDMENT NO. 2 TO THE AMENDED AND RESTATED AGREEMENT WITH BURRTEC WASTE AND RECYCLING SERVICES, LLC FOR SOLID WASTE HANDLING SERVICES TO AMEND SECTION 8.18 RELATED TO ORGANIC WASTE PRODUCT TO COMPLY WITH SB 1383; AND 2) REQUEST COUNTY OF RIVERSIDE PLACE COLLECTION COSTS FOR SOLID WASTE HANDLING SERVICES AT SINGLE FAMILY DWELLINGS ON TAX ROLLS FOR FISCAL YEAR 2024/25; AND CITY COUNCIL AGENDA Page 3 of 8 JUNE 4, 2024 APPROVE GENERAL FUND BUDGET APPROPRIATION FOR FISCAL YEAR 2023/24 [RESOLUTION NOS. 2024-022 AND 2024-023] APPROVE CANCELLING THE REGULAR CITY COUNCIL MEETINGS OF AUGUST 20 AND SEPTEMBER 3, 2024 3- APPROVE MEMORANDUM OF UNDERSTANDING WITH COUNTY OF RIVERSIDE FOR LIBRARY, MUSEUM, AND MAKERSPACE MANAGEMENT AND THE PURCHASE OF A DEDICATED RESOURCE VAN 4 APPROVE THIRD ROUND COMMUNITY SERVICES GRANTS FOR FISCAL YEAR 2023/24 APPROVE SILVERROCK RESORT 2024/25 ANNUAL PLAN AND APPROVE AMENDMENT NO. 7 TO THE GOLF COURSE MANAGEMENT AGREEMENT WITH LANDMARK GOLF MANAGEMENT, LLC 6 ADOPT RESOLUTION TO ADOPT THE CITY OF LA QUINTA LOCAL HAZARD 323 MITIGATION PLAN ANNEX TO THE RIVERSIDE COUNTY OPERATIONAL AREA MULTI -JURISDICTIONAL LOCAL HAZARD MITIGATION PLAN TO MAINTAIN ELIGIBILITY FOR FEDERAL GRANT FUNDING [RESOLUTION NO. 2024-024] RECEIVE AND FILE FISCAL YEAR 2023/24 BUDGET UPDATE REPORT AND 389 APPROVE THE RECOMMENDED BUDGET ADJUSTMENTS STUDY SESSION PAGE 1. DISCUSS FISCAL YEAR 2024/25 PRELIMINARY PROPOSED BUDGET 397 PUBLIC HEARINGS — None DEPARTMENTAL REPORTS 1. Considered before Announcements, Presentations, and Written Communications >>> CITY MANAGER —TALUS/SILVERROCK EXECUTED MEMORANDUM OF UNDERSTANDING 2. CITY ATTORNEY 3. CITY CLERK — SHORT-TERM VACATION RENTAL PROGRAM —QUARTERLY REPORT JANUARY — MARCH 2O24 4. COMMUNITY SERVICES 5. DESIGN AND DEVELOPMENT 6. FINANCE 7. PUBLIC SAFETY 8. PUBLIC WORKS CITY COUNCIL AGENDA Page 4 of 8 JUNE 4, 2024 MAYOR'S AND COUNCIL MEMBERS' ITEMS REPORTS AND INFORMATIONAL ITEMS 1. CVAG CONSERVATION COMMISSION (Evans) 2. CVAG ENERGY AND ENVIRONMENTAL RESOURCES COMMITTEE (Evans) 3. CVAG EXECUTIVE COMMITTEE (Evans) 4. VISIT GREATER PALM SPRINGS CONVENTION AND VISITORS BUREAU (Evans) 5. IMPERIAL IRRIGATION DISTRICT - COACHELLA VALLEY ENERGY COMMISSION (Evans) 6. LEAGUE OF CALIFORNIA CITIES DELEGATE (Evans) 7. COACHELLA VALLEY WATER DISTRICT JOINT POLICY COMMITTEE (Evans) 8. SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS (Evans) 9. ECONOMIC DEVELOPMENT SUBCOMMITTEE (Evans & Fitzpatrick) 10. DESERT SANDS UNIFIED SCHOOL DISTRICT COMMITTEE (Evans & Sanchez) 11. DESERT RECREATION DISTRICT COMMITTEE (Fitzpatrick & McGarrey) 12. COACHELLA VALLEY UNIFIED SCHOOL DISTRICT COMMITTEE (Fitzpatrick & Pena) 13. RIVERSIDE COUNTY TRANSPORTATION COMMISSION (Fitzpatrick) 14. CVAG TRANSPORTATION COMMITTEE (Fitzpatrick) 15. IMPERIAL IRRIGATION DISTRICT - ENERGY CONSUMERS ADVISORY COMMITTEE (McGarrey) 16. COACHELLA VALLEY MOUNTAINS CONSERVANCY (McGarrey) 17. LEAGUE OF CALIFORNIA CITIES - ENVIRONMENTAL QUALITY POLICY COMMITTEE (McGarrey) 18. LEAGUE OF CALIFORNIA CITIES - EXECUTIVE COMMITTEE RIVERSIDE COUNTY DIVISION (McGarrey) 19. CANNABIS AD HOC COMMITTEE (Pena & Sanchez) 20. CVAG PUBLIC SAFETY COMMITTEE (Pena) 21. CVAG HOMELESSNESS COMMITTEE (Pena) 22. COACHELLA VALLEY MOSQUITO AND VECTOR CONTROL DISTRICT (Pena) 23. SUNLINE TRANSIT AGENCY (Pena) 24. ANIMAL CAMPUS COMMISSION (Sanchez) 25. GREATER CV CHAMBER OF COMMERCE INFORMATION EXCHANGE COMMITTEE (Sanchez) 26. LEAGUE OF CALIFORNIA CITIES - PUBLIC SAFETY COMMITTEE (Sanchez) 27. RIVERSIDE LOCAL AGENCY FORMATION COMMISSION (Sanchez) 28. ART PURCHASE COMMITTEE (Sanchez & McGarrey) 29. CALIFORNIA JOINT POWERS INSURANCE AUTHORITY (Sanchez) 30. SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS REGIONAL COUNCIL (Sanchez) 31. PALM SPRINGS AIRPORT COMMISSION MEETING MINUTES OF MAY 15, 2024 ADJOURNMENT ********************************* CITY COUNCIL AGENDA Page 5 of 8 JUNE 4, 2024 The next regular meeting of the City Council will be held on June 18, 2024, at 4:00 p.m. at the City Hall Council Chamber, 78495 Calle Tampico, La Quinta, CA 92253. DECLARATION OF POSTING I, Monika Radeva, City Clerk of the City of La Quinta, do hereby declare that the foregoing Agenda for the La Quinta City Council meeting was posted on the City's website, near the entrance to the Council Chamber at 78495 Calle Tampico, and the bulletin board at the La Quinta Cove Post Office at 51321 Avenida Bermudas, on May 31, 2024. DATED: May 31, 2024 MONIKA RADEVA, City Clerk 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 www.laquintaca.gov/councilagendas, 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 call the City Clerk's office at (760) 777- 7123, 24-hours in advance of the meeting and accommodations will be made. If background material is to be presented to the City Council during a City Council meeting, please be advised that 15 copies of all documents, exhibits, etc., must be supplied to the City Clerk 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 City Council 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 City Clerk, it is requested that this takes place prior to the beginning of the meeting; or can be emailed in advance to CityClerkMail(a-)_LaQuintaCA.gov, no later than 12:00 p.m., on the day of the meeting. Written public comments will be distributed to Council, made public, and will be incorporated into the public record of the meeting, but will not be read during the meeting CITY COUNCIL AGENDA Page 6 of 8 JUNE 4, 2024 unless, upon the request of the Mayor, 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 City Clerk; 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 Mayor. In accordance with City Council Resolution No. 2022-027, 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 City Clerk 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 Mayor. Public speakers may elect to use printed presentation materials to aid their comments; 15 copies of such printed materials shall be provided to the City Clerk to be disseminated to the City Council, 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 Mayor. All writings or documents, including but not limited to emails and attachments to emails, submitted to the City regarding any item(s) listed or not listed on this agenda are public records. All information in such writings and documents is subject to disclosure as being in the public domain and subject to search and review by electronic means, including but not limited to the City's Internet Web site and any other Internet Web -based platform or other Web -based form of communication. All information in such writings and documents similarly is subject to disclosure pursuant to the California Public Records Act [Government Code § 7920.000 et seq.]. TELECONFERENCE ACCESSIBILITY — INSTRUCTIONS Teleconference accessibility may be triggered in accordance with AB 2449 (Stats. 2022, Ch. 285), codified in the Brown Act [Government Code § 549531, if a member of the City Council 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. CITY COUNCIL AGENDA Page 7 of 8 JUNE 4, 2024 *** 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 Mayor; the City will facilitate the ability for a member of the public to be audible to the City Council and general public and allow him/her/them to speak on the item(s) requested. Please note — members of the public must unmute themselves when prompted upon being recognized by the Mayor, in order to become audible to the City Council and the public. Only one person at a time may speak by teleconference and only after being recognized by the Mayor. ZOOM LINK: https://us06web.zoom.us/i/82540879912 Meeting ID: 825 4087 9912 Or join by phone: (253) 215 — 8782 Written public comments — can be provided in person during the meeting or emailed to the City Clerk's Office at CityClerkMail(o)-LaQuintaCA.gov any time prior to the adjournment of the meeting, and will be distributed to the City Council, made public, incorporated into the public record of the meeting, and will not be read during the meeting unless, upon the request of the Mayor, a brief summary of any public comment is asked to be read, to the extent the City Clerk's Office can accommodate such request. CITY COUNCIL AGENDA Page 8 of 8 JUNE 4, 2024 CONSENT CALENDAR ITEM NO. 1 City of La Quinta CITY COUNCIL MEETING: ,tune 4, 2024 STAFF REPORT AGENDA TITLE: ADOPT RESOLUTIONS TO: A) APPROVE PRELIMINARY FISCAL YEAR 2024/25 ENGINEER'S ANNUAL LEVY REPORT FOR LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT 89-1, AND B) DECLARE INTENT TO LEVY ANNUAL ASSESSMENTS FOR LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT 89-1 RECOMMENDATION A. Adopt a Resolution approving the preliminary 2024/25 Engineer's Annual Levy Report for Landscape and Lighting Assessment District 89-1; and B. Adopt a Resolution declaring the City's intent to levy annual assessments for construction, maintenance, and servicing landscape and lighting improvements within the Citywide Landscape and Lighting Assessment District 89-1 and giving notice thereof. EXECUTIVE SUMMARY • Annually, Council must take certain actions to allow the City to levy annual assessments pertaining to Citywide Landscape and Lighting Assessment District 89- 1 (District). • These actions include adopting the recommended resolutions and scheduling a public hearing (Hearing). • The annual assessments fund 25% of the citywide landscape, lighting, median, and parkways maintenance costs. The fiscal year (FY) 2024/25 assessment rate will remain at $35.60 per dwelling/parcel also identified as an equivalent benefit unit (EBU). This has been the rate since 1997. • Any increase to the assessment rate requires a benefit analysis; new assessments must then be approved by a majority vote of all property owners within the City, which comprises the District. FISCAL IMPACT The estimated FY 2024/25 cost for retention basin maintenance, and median and parkway landscape and lighting maintenance is $4,000,700 (Table 1 on page 12 of Exhibit A). 4 The EBU will generate an estimated $997,118. The City will also receive $150,000 from County Service Area 152, levied by Riverside County, for retention basin maintenance. The combined income is projected to be $1,147,118, leaving a shortfall, funded by the General Fund, of $2,853,582. BACKGROUND/ANALYSIS In 1989, the City formed the District to fund the maintenance, construction, and servicing of landscape areas, streetlights and traffic signals. Pursuant to the Landscape and Lighting Act of 1972, the City must annually perform a series of activities as outlined in Attachment 1, including preparation of an annual engineer's report. The FY 2024/25 Preliminary Engineer's Annual Levy Report (Engineer's Report), included as Exhibit A to the first resolution, has been prepared by City staff and Willdan Financial Services (Willdan), who provides parcel recognition support to establish the maintenance budget and identify the benefitting parcels. Below is a comparison of the FYs 2023/24 and 2024/25 Engineer's Reports (Table 2 on page 13 of Exhibit A). Citywide Benefit Zone Number of Local Benefit Zones Number of Equivalent Benefit Units (EBU's) EBU Rate District Revenue FY 2023/24 Yes 6 27,782 $35.60/EBU $989,016 FY 2024/25 Yes 6 28,009 $35.60/EBU $997,118 Willdan projects an increase of 227 in EBU's from FYs 2023/24 to 2024/25; actuals will be based on the final FY 2024/25 County Secured Tax Roll. All property owners, including those within the six local benefit zones, would be assessed a flat rate. The methodology has remained the same under the provisions of Proposition 218, which prohibits assessment increases without the approval of a simple majority of property owners in a public vote within the District. The Council is required to approve the Engineer's Report and schedule a public hearing to allow property owners an opportunity to provide testimony regarding any proposed changes. The hearing is scheduled for June 18, 2024. Approving the Engineer's Report does not impose the proposed EBU; the City can only levy the fee after a public hearing. Upon conclusion of the hearing, Council may consider the testimony and a resolution confirming the assessment diagram and EBU Rate. The Engineer's report also includes an annual review of the general funds budgeted for parks (Table 1) for Council to consider if they ever chose to pursue the creation of a Parks Assessment District. 10 ALTERNATIVES Council may elect to increase assessments in order to fully fund the District costs. Staff projects that the assessment would need to increase to $142.83 per EBU to balance the District budget. If Council selects this option, a District -wide benefit analysis and approval of the new assessments by vote of all affected property owners would be required. Prepared by: Dianne Hansen, Maintenance & Operations Superintendent Approved by: Bryan McKinney, Public Works Director/City Engineer Attachment: 1. Annual Activities Report 11 RESOLUTION NO. 2024 — XXX A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING THE PRELIMINARY ENGINEER'S REPORT FOR FISCAL YEAR 2024/2025 IN CONNECTION WITH LA QUINTA LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT 89-1 WHEREAS, the City Engineer has prepared and filed a report entitled "La Quinta Landscape and Lighting Assessment District 89-1, Preliminary Engineer's Report" (the "Report") with the City Clerk of the City of La Quinta; and WHEREAS, the Report has been presented to City Council for review; and WHEREAS, the City Council has carefully examined and reviewed such Report. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California, as follows: SECTION 1. The Report, as filed, is hereby approved, included hereto as "Exhibit A" and incorporated herewith by this reference. SECTION 2. The City Council authorizes and directs the City Clerk to (i) submit certified copies of this resolution to the County of Riverside and (ii) take such other and further actions as may be necessary and proper for the County Assessor to place this assessment on the tax roll. SECTION 2. This Resolution shall go into effect upon adoption. PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on this 4th day of June 2024, by the following vote: AYES: NOES: ABSENT: ABSTAIN: LINDA EVANS, Mayor City of La Quinta, California 12 Resolution No. 2024 — XXX Preliminary Engineer's Report L&L District 89-1 Adopted: June 4, 2024 Page 2 of 2 ATTEST: MONIKA RADEVA, City Clerk City of La Quinta, California APPROVED AS TO FORM: WILLIAM H. IHRKE, City Attorney City of La Quinta, California 13 a& Q�dArcv City of La Quinta Street Lighting and Landscape District No. 89-1 2024/2025 ENGINEER'S ANNUAL LEVY REPORT Intent Meeting: June 4, 2024 Public Hearing: June 18, 2024 4 IV i to W"W I LLDAN 14 AFFIDAVIT FOR THE ENGINEER'S ANNUAL LEVY REPORT City of La Quinta Street Lighting and Landscape District No. 89-1 Riverside County, State of California This Report and the enclosed diagrams show the exterior boundaries of the District therein including the improvements, budgets, parcels and assessments to be levied for Fiscal Year 2024/2025, as they existed at the time of the passage of the Resolution of Intention. Reference is hereby made to the Riverside County Assessor's maps for a detailed description of the lines and dimensions of parcels within the District. The undersigned respectfully submits the enclosed Report as directed by the City Council. Dated this day of , 2024. Willdan Financial Services Assessment Engineer On Behalf of the City of La Quinta Daniel Louie Project Manager, District Administration Services By: Tyrone Peter P.E. # C 81888 15 ENGINEER'S REPORT CITY OF LA QUINTA STREET LIGHTING AND LANDSCAPE DISTRICT NO. 89-1 I HEREBY CERTIFY that the enclosed Engineer's Report, together with Assessment Roll thereto attached was filed with me on the day of 2024. BY: Monika Radeva, City Clerk City of La Quinta Riverside County, California I HEREBY CERTIFY that the enclosed Engineer's Report, together with Assessment Roll thereto attached, was approved and confirmed by the City Council of the City of La Quinta, California, on the day of 1.2024. BY: Monika Radeva, City Clerk City of La Quinta Riverside County, California I HEREBY CERTIFY that the enclosed Assessment Roll was filed with the County Auditor of the County of Riverside, on the day of 2024. BY: Monika Radeva, City Clerk City of La Quinta Riverside County, California `[ TABLE OF CONTENTS 1. OVERVIEW 1 A. INTRODUCTION 1 B. COMPLIANCE WITH CURRENT LEGISLATION 1 C. HISTORICAL BACKGROUND AND LEGISLATION 2 ll. DESCRIPTION OF THE DISTRICT 2 A. DISTRICT BOUNDARIES AND SPECIFIC AREAS OF IMPROVEMENT 2 B. IMPROVEMENTS AUTHORIZED BY THE 1972 ACT 2 C. IMPROVEMENTS WITHIN THE DISTRICT 4 Ill. METHOD OF APPORTIONMENT 5 A. GENERAL 5 B. BENEFIT ANALYSIS 5 C. METHODOLOGY 6 IV. DISTRICT BUDGETS 10 A. DESCRIPTION OF BUDGET ITEMS 10 B. 2024/2025 DISTRICT BUDGET 11 APPENDIX A - DISTRICT ASSESSMENT DIAGRAM 14 APPENDIX B - 2024/2025 COLLECTION ROLL 15 17 sty W I LLDAN L OVERVIEW A. INTRODUCTION The City of La Quinta (the "City") annually levies and collects special assessments in order to provide and maintain the facilities, improvements and services within Street Lighting and Landscape District No. 89-1 (the "District"). The District was formed in 1989 pursuant to the Landscaping and Lighting Act of 1972 (the "1972 Act"), Part 2 of Division 15 of the Streets and Highways Code and authorizes the Agency to annually levy and collect assessments to maintain the services and improvements related thereto. This Engineer's Annual Levy Report (the "Report") describes the District, any changes to the District, and the proposed assessments for Fiscal Year 2024/2025. The proposed assessments are based on the estimated cost to maintain improvements that provide special benefit to properties assessed within the District. The various improvements within the District and the costs of those improvements are identified and budgeted separately, including expenditures, deficits, surpluses, revenues, and reserves. The word "parcel," for the purposes of this Report, refers to an individual property assigned its own Assessor Parcel Number ("APN") by the Riverside County Assessor's Office. The Riverside County Auditor/Controller uses Assessor Parcel Numbers and specific fund numbers on the tax roll to identify properties assessed for special district benefit assessments. Each parcel within the District is assessed proportionately for those improvements provided by the District and from which the parcel receives special benefit. Following consideration of public comments, written protests at a noticed public hearing and review of the Report, the City Council may order amendments to the Report or confirm the Report as submitted. Following final approval of the Report, and confirmation of the assessments, the City Council may order the levy and collection of assessments for Fiscal Year 2024/2025 pursuant to the 1972 Act. In such case, the assessment information will be submitted to the Riverside County Auditor/Controller and included on the property tax roll for each benefiting parcel for Fiscal Year 2024/2025. B. COMPLIANCE WITH CURRENT LEGISLATION The District was formed in 1989 pursuant to the 1972 Act. As such, the City has determined that pursuant to California Constitution Article XIIID Section 5 Subsection A the existing assessments are exempt from the substantive and procedural requirements of Proposition 218. Any new or increased assessments above the maximum assessment rates previously approved and levied by the City Council would be subject to both the substantive and procedural requirements of the Proposition. 2024/2025 City Of La Quinta L&L 89-1 Page 1 of 15 18 vY W I LLDAN C. HISTORICAL BACKGROUND AND LEGISLATION The assessments for the District provide a special benefit to the parcels assessed, and the City utilizes General Fund Revenues to fund improvements and services that are considered general benefit. This 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, which include the facilities existing within the District, as those improvements provide a special benefit to parcels. The City Council reviews the current and projected years' costs for the construction, operation, maintenance, and servicing of the District facilities and sets the assessment for the ensuing fiscal year, which runs between July 1 and June 30. /Z DESCRIPTION OF THE DISTRICT A. DISTRICT BOUNDARIES AND SPECIFIC AREAS OF IMPROVEMENT The boundaries of the District are coterminous with the boundaries of the City. The Diagram of the District showing the exterior boundaries has been submitted to the City Clerk at the City and is included by reference. B. IMPROVEMENTS AUTHORIZED BY THE 1972 ACT As applicable or may be applicable to this District, the 1972 Act defines improvements to mean one or any combination of the following: • The installation or planting of landscaping. • The installation or construction of statuary, fountains, and other ornamental structures and facilities. • The installation or construction of public lighting facilities. • The installation or construction of any facilities which are appurtenant to any of the foregoing or which are necessary or convenient for the maintenance or servicing thereof, including, but not limited to, grading, clearing, removal of debris, the installation or construction of curbs, gutters, walls, sidewalks, or paving, or water, irrigation, drainage, or electrical facilities. • The maintenance or servicing, or both, of any of the foregoing. 2024/2025 City Of La Quinta L&L 89-1 Page 2 of 15 19 lry W I LLDAN • The acquisition of any existing improvement otherwise authorized pursuant to this section. Incidental expenses associated with the improvements including, but not limited to: • The cost of preparation of the Report, including plans, specifications, estimates, diagram, and assessment; • The costs of printing, advertising, and the publishing, posting and mailing of notices; • Compensation payable to the Riverside County (the "County") for collection of assessments; • Compensation of any engineer or attorney employed to render services; • Any other expenses incidental to the construction, installation, or maintenance and servicing of the improvements; • Any expenses incidental to the issuance of bonds or notes pursuant to Section 22662.5. • Costs associated with any elections held for the approval of a new or increased assessment. The 1972 Act defines "Maintain" or "maintenance" to mean furnishing of services and materials for the ordinary and usual maintenance, operation, and servicing of any improvement, including: • Repair, removal, or replacement of all or any part of any improvement. • Providing for the life, growth, health, and beauty of landscaping, including cultivation, irrigation, trimming, spraying, fertilizing, or treating for disease or injury. • The removal of trimmings, rubbish, debris, and other solid waste. • The cleaning, sandblasting, and painting of walls and other improvements to remove or cover graffiti. 2024/2025 City Of La Quinta L&L 89-1 Page 3 of 15 20 lry W I LLDAN C. IMPROVEMENTS WITHIN THE DISTRICT The District improvements are the operation, servicing and maintenance of landscaping, lighting and appurtenant facilities, including, but not limited to, personnel, electrical energy, water, materials, contracting services, and other items necessary for the satisfactory operation of these services described as follows: • Landscaping and Appurtenant Facilities include, but are not limited to, landscaping, planting, shrubbery, trees, irrigation systems, hardscapes, fixtures, sidewalk maintenance and appurtenant facilities, located within the public street rights -of -way, medians, trails, and dedicated street, drainage or sidewalk easements within the boundary of the District. • Lighting and Appurtenant Facilities include, but are not limited to, poles, fixtures, bulbs, conduits, equipment including guys, anchors, posts and pedestals, metering devices, controllers and appurtenant facilities as required to provide safety lighting and traffic signals within public street rights -of -way and easements within the boundaries of the District. • Maintenance is defined as the furnishing of services and materials for the operation and usual maintenance, operation and servicing of the landscaping, public lighting facilities and appurtenant facilities, including repair, removal or replacement of landscaping, public lighting facilities, or appurtenant facilities; providing for the life, growth, health and beauty of the landscaping, including cultivation, irrigation, trimming, spraying, fertilizing and treating for disease or injury; and the removal of trimmings, rubbish, debris and other solid waste. • Servicing is defined as the furnishing of water for the irrigation of the landscaping and the furnishing of electric current or energy, gas or other illuminating agent for the public lighting facilities, or for the lighting or operation of landscaping or appurtenant facilities. The plans and specifications for the improvements are on file in the office of the City Engineer and are by reference made a part of this Report. 2024/2025 City Of La Quinta L&L 89-1 Page 4 of 15 21 lry W I LLDAN ///. METHOD OF APPORTIONMENT A. GENERAL The 1972 Act permits the establishment of assessment districts by agencies for the purpose of providing certain public improvements that include the construction, maintenance and servicing of public lights, landscaping and appurtenant facilities. The 1972 Act further requires that the cost of these improvements be levied according to benefit rather than assessed value: "The net amount to be assessed upon lands within an assessment district may be apportioned by any formula or method which fairly distributes the net amount among all assessable lots or parcels in proportion to the estimated benefits to be received by each such lot or parcel from the improvements." The formula used for calculating assessments in this District therefore reflects the composition of the parcels, and the improvements and services provided, to apportion the costs based on benefit to each parcel. B. BENEFIT ANALYSIS Properties within the District boundary are found to derive a special benefit from the improvements provided by the District. These properties include single family residential, non-residential, vacant residential and non-residential, golf courses, agricultural and hillside conservation properties, vacant and remote non-residential and rural and estate residential properties. Special Benefits The method of apportionment (method of assessment) is based on the premise that each assessed parcel receives special benefit from the improvements maintained and funded by the assessments, specifically, landscaping and lighting improvements installed in connection with the development of these parcels. The desirability of properties within the District is enhanced by the presence of well - maintained landscaping and lighting improvements in close proximity to those properties. The annual assessments outlined in this Report are based on the estimated costs to provide necessary services, operation, administration, and maintenance required to ensure the satisfactory condition and quality of each improvement. The special benefits associated with the landscaping improvements are specifically: • Enhanced desirability of properties through association with the 2024/2025 City Of La Quinta L&L 89-1 Page 5 of 15 22 lry W I LLDAN improvements. • Improved aesthetic appeal of properties within the District providing a positive representation of the area. • Enhanced adaptation of the urban environment within the natural environment from adequate green space and landscaping. • Environmental enhancement through improved erosion resistance, and dust and debris control. • Increased sense of pride in ownership of property within the District resulting from well -maintained improvements associated with the properties. • Reduced criminal activity and property -related crimes (especially vandalism) against properties in the District through well -maintained surroundings and amenities. • Enhanced environmental quality of the parcels by moderating temperatures, providing oxygenation and attenuating noise. The special benefits of street lighting are the convenience, safety, and security of property, improvements, and goods, specifically: • Enhanced deterrence of crime — an aid to police protection. • Increased nighttime safety on roads and highways. • Improved visibility of pedestrians and motorists. • Improved ingress and egress to and from property. • Reduced vandalism, damage to improvements or property, and other criminal acts. • Improved traffic circulation and reduced nighttime accidents and personal property loss. • Increased promotion of business during nighttime hours in the case of commercial properties. The preceding special benefits contribute to a specific enhancement and desirability of each of the assessed parcels within the District. C. METHODOLOGY Pursuant to the 1972 Act, the costs of the District may be apportioned by any formula or method that distributes the net amount to be assessed among the assessable parcels in proportion to the estimated special benefits to be received by each such parcel from the improvements. The special benefit formula used within the District should reflect the composition of the parcels - and the 2024/2025 City Of La Quinta L&L 89-1 Page 6 of 15 23 Yy W I LLDAN improvements and services provided therein - to apportion the costs based on estimated special benefit to each parcel. The cost to provide maintenance and service of the improvements within the District shall be equitably distributed among each assessable parcel based on the estimated special benefit received by each parcel. Equivalent Benefit Units To equitably spread special benefit to each parcel, it is necessary to establish a relationship between the various types of properties within the District and the improvements that benefit those properties. Each parcel within the District is assigned an Equivalent Benefit Unit ("EBU") factor that reflects its land use, size and development, or development potential. Parcels that receive special benefit from the various District improvements are proportionately assessed for the cost of those improvements based on their calculated EBU. The EBU method assessment for this District uses the Single -Family Residential parcel as the basic unit of assessment. A Single Family Residential ("SFR") parcel equals one EBU. Every other land -use is assigned an EBU factor based on an assessment formula that equates the property's specific land -use and relative special benefits compared to the Single -Family Residential parcel. The EBU method of apportioning special benefits is typically seen as the most appropriate and equitable assessment methodology for districts formed under the 1972 Act, as the benefits to each parcel from the improvements are apportioned as a function of land use type, size, and development. The following table provides a listing of land use types, the EBU factors applied to that land use and the multiplying factor used to calculate each parcel's individual EBU for each improvement provided in the District. During the formation of the District, a methodology was developed to calculate the EBUs for other residential and non-residential land use parcels, which are outlined below for reference. Every land use is assigned EBUs based on the assessment formula approved for the District. Parcels which have been determined to receive greater benefit than the SFR parcel are assigned more than 1 EBU and parcels that are determined to receive lesser benefit than SFR parcels are assigned less than 1 EBU as reflected in the Assessment Methodology. 2024/2025 City Of La Quinta L&L 89-1 Page 7 of 15 24 VY WILLDAN Land Use Exempt Parcels EBU Factor 0.0 Single Family Residential Parcels 1.0 per unit Multi -Family Residential Parcels 0.5 per unit Non -Residential Parcels 5.0 per acre; 1.0 minimum Vacant Residential Parcels 0.33 per unit Vacant Non -Residential Parcels 1.65 per acre for first 20 acres only Golf Course Parcels 0.50 per acre; 1.0 minimum Agricultural Parcels 0.25 per acre; 1.0 minimum Hillside Conservative Zone Parcels 0.10 per acre Vacant & Remote Parcels 0.825 per acre for first 20 acres only Rural/Estate Residential 1.0 + 0.33 per acre in excess 1 acre Single -Family Residential The City's General Plan allows up to one acre of area for subdivided residential lots. The subdivided single-family lot equal to or less than one acre in size is the basic unit for calculation of the benefit assessments. Parcels less than one acre in size zoned for single-family residential use are assessed one (1) EBU. Multi -Family Residential Multi -Family Residential parcels are assessed one-half (0.5) EBU per unit. Non -Residential The factor used for converting nonresidential is based on the average number of typical single-family residential lots of five per acre. Therefore, non-residential parcels will be assessed five (5) EBUs per acre with a minimum number per parcel of one (1) EBU. Vacant Residential Parcels defined as single family residential parcels less than one acre and having no structure will be assessed 33 percent (33%) of a single-family dwelling, or 0.33 EBU per parcel. Vacant Non -Residential Parcels not considered single family residential parcels less than one acre and having no structure will be assessed based on acreage. The typical development in La Quinta occurs in increments of twenty (20) acres or less. The first twenty (20) acres of a Vacant Non -Residential parcel will be assessed at a rate of 33 percent (33%) of developed nonresidential properties, or 1.65 EBU per acre or any portion of an acre. The minimum number of EBUs per parcel is one (1) EBU. Any parcel of land greater than twenty (20) acres is considered open space and exempt from assessment until such time as parcel subdivision or development occurs. 2024/2025 City Of La Quinta L&L 89-1 Page 8 of 15 25 Yy W I LLDAN Golf Courses Properties identified as golf courses will be assessed a rate of 10 percent (10%) of the developed nonresidential properties, or 0.50 EBU per acre or any portion of an acre. The minimum number per parcel is one (1) EBU. Agricultural Properties identified as agricultural will be assessed a rate of 5 percent (5%) of developed nonresidential properties, or 0.25 EBU per acre or any portion of an acre. The minimum number per parcel is one (1) EBU. Hillside Conservation Parcels located in areas zoned Hillside Conservation per the City's Official Zoning Map will be assessed on the basis of allowable development within the Hillside Conservation Zone. The parcel will be assessed as one dwelling unit per ten (10) acres or 0.10 EBU per acre or any portion of an acre. Vacant and Remote Non -Residential Parcels (LAFCO Annexation No. 9) Parcels not considered single family residential parcels less than one (1) acre and do not contain structures, will be assessed based on acreage. The City defines Vacant and Remote Non -Residential as parcels physically separated from City services and not readily able to develop due to difficult access and utility limitations. The land values are typically one half the value of other Vacant Non - Residential parcels because of the high cost of constructing appropriate access and utility infrastructures necessary. The Vacant and Remote Non -Residential parcels are assessed a rate of 0.825 EBUs per acre or portion thereof, for the first twenty (20) acres, with a minimum of one (1) EBU per parcel. Rural/Estate Residential Parcels of one acre or more in size, but having only one residential unit are identified as Rural/Estate Residential. These parcels will be assessed a rate of one (1) EBU for the first acre and 0.33 EBUs for each additional acre or portion of an acre. Exempt Property Publicly owned property and utility rights -of -way are exempt from assessment, as well as parcels of land shown on the County Assessor's records as Vacant Desert Land, Vacant Mountain Land, Agricultural Preserve and Public Utility owned land. This Report does not propose an increase in the District's assessment rates for Fiscal Year 2024/2025 over or above the maximum rate established. The proposed rate per EBU for Fiscal Year 2024/2025 is the same rate assessed for Fiscal Year 2023/2024. The base assessment rate to be approved for Fiscal Year 2024/2025 is $35.60. The maximum assessment rate per EBU may not increase without a vote of the property owners in the District. Therefore, the assessment is proposed to remain at the maximum amount of $35.60 per EBU. This equates to total projected assessment revenue of $997,118. 2024/2025 City Of La Quinta L&L 89-1 Page 9 of 15 26 lry W I LLDAN The City proposes the remaining $7,652,882 be funded through a General Fund contribution of $7,502,882 and $150,000 of revenue from CSA 152. IV. DISTRICT BUDGETS A. DESCRIPTION OF BUDGET ITEMS The 1972 Act requires that a special fund be established and maintained for the revenues and expenditures of the District. Funds raised by assessment shall be used only for the purposes as stated herein. A contribution to the District by the City may be made to reduce assessments, as the City Council deems appropriate. The following describes the services and costs that are funded through the District, shown in the District Budgets. District Costs Personnel — Reflects relevant City Staff salaries, wages and benefits, and also includes Worker's Compensation Insurance, Stand -By, and Overtime Labor. Contract Services — Includes contracted labor, such as the County Tax Roll Administration Fees, maintenance and repair of traffic signals, tree trimming, and security service. Rental Services — Reflects funds used for the purpose of uniform rental. Vehicle Operations — Includes the maintenance of fleet vehicles. Utilities — Includes the electric, telephone, and water services. Travel Training & Meetings — Reflects the funds used for the purposes of training and meetings. Information Technology — Includes computers, printers, and other related items and services. Operating Supplies — This item includes plant replacement, safety gear, field materials, and the materials used for the purposes of removing graffiti. Small Tools/Equipment — Includes non -capital small tools and equipment. District Administration — The cost for providing the coordination of District services and operations, response to public concerns and education, as well as procedures associated with the levy and collection of assessments. This item also includes the costs of contracting with professionals to provide any additional administrative, legal or engineering services specific to the District including any required notices, mailings or property owner protest ballot proceedings. 2024/2025 City Of La Quinta L&L 89-1 Page 10 of 15 27 VY WILLDAN B. 2024/2025 DISTRICT BUDGET For the purpose of estimating costs for the maintenance and servicing, actual costs are used where possible. However, where the improvements are new, or where actual maintenance experience is lacking, cost estimates will be used to determine costs. The Budget of estimated cost of operation, servicing, and maintenance for Fiscal Year 2024/2025 is summarized on the next page in Table 1. 2024/2025 City Of La Quinta L&L 89-1 Page 11 of 15 28 try WILLDAN Table 1 - Fiscal Year 2024/2025 Budget Funding CategoryEstimated Fiscal Year L&L General Fund- 2024/2025 Assessments Parks Salaries -Permanent Full Time $616,600 $266,500 $350,100 Other Benefits & Deductions 259,750 124,800 134,950 Personnel Stand By 0 0 0 Stand By Overtime 0 0 0 Overtime 500 500 0 Total Personnel $876,850 $391,800 $485,050 Annual Lighting & Landscape $0 $0 $0 Report Civic Center Campus Lake 30,000 0 30,000 Maintenance Lighting Contract Services 80,000 80,000 0 Financial Services Admin. Fee 0 0 0 Citywide Maintenance Contract 2,830,000 1,630,000 1,200,000 Undeveloped Parks PM10 Services 0 0 0 Contract Services Maintenance & Repair 790,000 300,000 490,000 CVWD Lease -Pioneer Dog Park 0 0 0 Tree Trimming 510,000 500,000 10,000 Janitorial Services 0 0 0 Security Service - Corporation Yard 0 0 0 Fritz Burns Park 180,000 0 180,000 Lighting Service 1,000 0 1,000 SilverRock Way Landscaping 85,000 65,000 20,000 Total Contract Services $4,506,000 $2,575,000 $1,931,000 Uniforms $8,500 $3,500 $5,000 Rental Services Total Rental Services $8,500 $3,500 $5,000 Facilities Charges $0 $0 $0 Park Equipment Fleet Maintenance 213,700 58,300 155,400 Vehicle Operations Facility & Equipment Depreciation 1,000,000 0 1,000,000 Total Operations $1,213,700 $58,300 $1,155,400 Utilities Gas $0 $0 $0 Electric 377,350 120,000 257,350 Phone $1,000 $0 $1,000 Water 499,100 215,000 284,100 Total Utilities $877,450 $335,000 $542,450 Travel Training & $9,500 $4,500 $5,000 Total Travel Training & Meetings $9,500 $4,500 $5,000 Meetings Information Computers Printers and Services $187,700 $86,600 $101,100 Technology Total Information Technology $187,700 $86,600 $101,100 Plant Replacement $900,000 $500,000 $400,000 Graffiti Removal 25,000 10,000 15,000 Operating Supplies Safety Gear 3,800 2,500 1,300 Field Materials 21,000 15,000 6,000 Total Operating Supplies $949,800 $527,500 $422,300 Small Tools / Non -Capital $5,000 $3,000 $2,000 Total Small Tools/Equipment $5,000 $3,000 $2,000 Equipment Total Landscape & Lighting Budget $8,634,500 $3,985,200 $4,649,300 Public Works Administration $0 $0 $0 District Administration Citywide Administration $15,500 $15,500 $0 Total District Administration $15,500 $15,500 $0 Total Landscape & Lighting Expenditures $8,650,000 $4,000,700 $4,649,300 Less CSA 152 Revenue $150,000 $150,000 $0 Less General Fund Contribution 7,502,882 2,853,582 4,649,300 Balance to Lev $9975118 $997,118 Total EBU 28,009.35 Levy Per EBU $35.60 2024/2025 City Of La Quinta L&L 89-1 Page 12 of 15 29 VY WILLDAN The following information was obtained from the Riverside County Assessor's Secured Roll, Assessor's Parcel Maps, and the City's Planning Department. The land use categories were developed to classify the different land use types in the City. Table 2 Land Use 2024/2025 Parcel County Acres Prior Year EBU Prior Year Levy FY 2024/2025 EBU 2024/2025 Levy (1) Agricultural Count 17 371.44 93.22 3,318.60 93.22 $3,318.60 Exempt 51 102.23 0.00 0.00 0.00 $0.00 Golf Course 284 3,498.08 1,806.17 64,298.16 1,806.17 $64,298.16 Hillside Conservation 13 318.93 31.89 1,135.28 31.89 $1,135.28 Multi -Family 34 94.93 635.00 22,606.00 635.00 $22,606.00 Residential Non -Residential 284 592.95 2,923.75 104,085.50 2,979.55 $106,071.98 Rural/ Estate 54 111.70 90.86 3,234.20 90.86 $3,234.20 Vacant/ Remote 15 146.20 120.62 4,293.80 120.62 $4,293.80 Single Family 21,272 3,914.36 21,272.00 757,283.20 21,272.00 $757,283.20 Residential Vacant Residential 1,391 884.97 460.02 16,365.62 461.67 $16,424.32 Vacant Non- 194 531.23 485.63 17,286.68 518.37 $18,452.00 Residential (1) The difference in the 'Balance to Levy" amount in Table 1 and the total FY 2024/2025 Levy amount in Table 2 is a rounding difference due to the County even penny requirement for each charged parcel. Actuals will be based on the final County Secured Roll for Fiscal Year 2024/2025. Differences are generally due to changes in County Land Use Classifications or Assessor's Parcel Number changes. 2024/2025 City Of La Quinta L&L 89-1 Page 13 of 15 30 YY WILLDAN APPENDIX A - DISTRICT ASSESSMENT DIAGRAM The Boundary Diagrams for the original districts have previously been submitted to the Clerk of the City in the format required under the 1972 Act and are made part of this Report by reference. The parcel identification, lines and dimensions of each parcel within the District are those lines and dimensions shown on the Assessor's Maps of Riverside County for the year in which this Report was prepared and is incorporated by reference and made part of this Report. The attached Landscape Maintenance Map displays the landscape maintenance areas within the City. 2024/2025 City Of La Quinta L&L 89-1 Page 14 of 15 31 1 7 Parkway Maintained by LLD (Wall Adjacent—36,005ft) — Parkways Maintained by HOA or Property Owners Hal -Facilities Maintained by LLD l --� MILES AVENUE COLOCityLimits o LOR �rnARDHOD A. IBM v ^29E)��AN g® Cffit13LD G„ ,3�Itli®`9E ��-.a-�� GBTH AVENUE 77 CTR DR HREE t(� act-; 50THAVENUE C� L 53ND AVrypE\NUE 54TH AVENUE t tw,aonnTnrnnn7� rnv 56TH &vO Fodh'ties Deportment Design 6 Dwdvpment Deportment Dale: Marrh 22, 2019 Maintenance Division Engineering Division C-Nd: J—. Lindsey, hf imten—Monoger GIS Contact: Uboidv Ay6n, Management Spwialist This map is pr e Perm—nly. Emal: llindsey®loquintaw.gov Email: uoyvn@loquintoco.gou Di,d Tel. (760) 777-7052 Dmd Tel. (760) 777-7051 ""°' W WILLDAN APPENDIX B - 2024/2025 COLLECTION ROLL Parcel identification, for each lot or parcel within the District, shall be the parcel as shown on the Riverside County Assessor's Parcel Maps and/or the Riverside County Secured Tax Roll for the year in which this Report is prepared. Non -assessable lots or parcels may include government owned land, public utility owned property, land principally encumbered with public right-of-ways or easements and dedicated common areas. These parcels will not be assessed. A listing of parcels within the District, along with the proposed assessment amounts, has been submitted to the City Clerk and, by reference, is made part of this Report. Upon approval of the Report and confirmation of the assessments, the assessment information will be submitted to the County Auditor/Controller and included on the property tax roll in Fiscal Year 2024/2025. If the parcels or APNs within the District and referenced in this Report, are re -numbered, re -apportioned or changed by the County Assessor's Office after approval of the Report, the new parcel or APNs with the appropriate assessment amount will be submitted to the County Auditor/Controller. If the parcel change made by the County includes a parcel split, parcel merger or tax status change, the assessment amount submitted on the new parcels or APNs will be based on the method of apportionment and levy amount approved in this Report by the City Council. 2024/2025 City Of La Quinta L&L 89-1 Page 15 of 15 33 RESOLUTION NO. 2024 — XXX A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, DECLARING ITS INTENTION TO LEVY THE ANNUAL ASSESSMENTS FOR CONSTRUCTION, MAINTENANCE, AND SERVICING LANDSCAPING AND LIGHTING IMPROVEMENTS WITHIN THE BOUNDARIES OF THE TERRITORY INCLUDED IN THE CITYWIDE LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT 89-1 AND TO LEVY AND COLLECT ASSESSMENTS PURSUANT TO THE LANDSCAPE AND LIGHTING ACT OF 1972 AND GIVING NOTICE THEREOF WHEREAS, the City Council, by its Resolution No. 89-9, initiated proceedings pursuant to provisions of the Landscape and Lighting Act of 1972, being Part 2 of Division 15 of the California Streets and Highways Code, commencing with Section 22500 (hereinafter referred to as "the Act"), for the formation of a Landscape and Lighting Assessment District designated "La Quinta Landscape and Lighting Assessment District 89-1," shall include all of the territory located within the boundaries of the City; and WHEREAS, the City Council desires to levy and collect assessments within Landscape and Lighting Assessment District 89-1 for the Fiscal Year commencing July 1, 2024 and ending June 30, 2025 to pay the costs and expenses of constructing, operating, maintaining, and servicing landscaping, lighting and associated facilities located within public places in the City; and WHEREAS, the Engineer selected by the City Council has prepared and filed a report in connection with the Landscape and Lighting Assessment District 89-1 with the City Clerk of the City of La Quinta; and WHEREAS, the report has presented to the City Council and the City Council did, by previous Resolution, approve such report. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California, as follows: SECTION 1. The City Council has previously formed Landscape and Lighting Assessment District 89-1 pursuant to the provisions of the Landscaping and Lighting Act of 1972, being Part 2 of Division 15 of the California Streets and Highways Code, commencing with Section 22500. SECTION 2. The City Council hereby finds that the maintenance and operation of projects identified in the Preliminary Engineer's Report for Landscape and Lighting 34 Resolution No. 2024 — XXX Intent to Levy L&L District 89-1 Adopted: June 4, 2024 Page 2 of 3 Assessment District 89-1 consisting solely of exempt items of sidewalks, streets, sewers, water, flood control, and/or drainage pursuant to Article 13D Section 5(a) of the California Constitution, that the public interest requires the maintenance of the improvements, and declares its intention to levy and collect assessments for the fiscal year commencing July 1, 2024 and ending June 30, 2025 to pay for the costs and expenses of the improvements described in Section 4 hereof. SECTION 3. The territory included within the boundaries of the Assessment District includes all of the land included within the boundaries of the City. SECTION 4. Reference is hereby made to the report of the Engineer on file with the City Clerk of the City of La Quinta for a full and fair description of the improvements, the boundaries of the Assessment District and any zones therein and the proposed assessments upon assessable lots and parcels of land within the Assessment District. SECTION 5. Notice is hereby given that June 18, 2024, at 5:00 p.m., at the City Council Chamber, located at 78495 Calle Tampico, La Quinta, California, 92253, is the time and place fixed for a Public Meeting by the City Council to allow public testimony regarding the assessment. SECTION 6. Notice is hereby given that June 18, 2024, at 5:00 p.m., at the City Council Chamber, located at 78495 Calle Tampico, La Quinta, California, 92253, is the time and place fixed to hold a duly noticed Public Hearing by the City Council on the question of the levy of the proposed assessment for Landscape and Lighting Assessment District 89-1. Any interested person may file a written protest with the City Clerk prior to the conclusion of the hearing, or, withdrawal of the protest. A written protest shall state all grounds of objections and a protest by a property owner shall contain a description sufficient to identify the property owned by such property owner. At the hearing, all interested persons shall be afforded the opportunity to hear and be heard. SECTION 7. The City Clerk is hereby authorized and directed to give notice of such hearings as provided in the Act. SECTION 8. The City Council hereby designates The Desert Sun as the newspaper in which notice of the Public Hearing shall be published. SECTION 9. The City Council authorizes and directs the City Clerk to (i) submit certified copies of this resolution to the County of Riverside and (ii) take such other and further actions as may be necessary and proper for the County Assessor to place this assessment on the tax roll. SECTION 10. This Resolution shall go into effect upon adoption. 35 Resolution No. 2024 — XXX Intent to Levy L&L District 89-1 Adopted: June 4, 2024 Page 3 of 3 PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on this 4t" day of June 2024, by the following vote: AYES: NOES: ABSENT: /_1 �� 1F_11► to LINDA EVANS, Mayor City of La Quinta, California ATTEST: MONIKA RADEVA, City Clerk City of La Quinta, California APPROVED AS TO FORM: WILLIAM H. IHRKE, City Attorney City of La Quinta, California 36 ATTACHMENT 1 ANNUAL ACTIVITIES LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT Adopt the following Resolutions: 1. Approve Preliminary Engineer's Report (June 4, 2024). 2. Intention to levy annual assessment and notice of Public Meeting/Hearing (June 18, 2024). 3. Conduct a Public Meeting to allow testimony regarding the proposed assessments prior to Public Hearing (June 18, 2024). 4. Conduct a Public Hearing to allow written protests of the proposed assessment to be considered by the City Council prior to adoption of the final assessments (June 18, 2024). 37 38 CONSENT CALENDAR ITEM NO. 2 City of La Quinta CITY COUNCIL MEETING: June 4, 2024 STAFF REPORT AGENDA TITLE: APPROVE JOINT USE OF FACILITY AND SERVICES AGREEMENT WITH THE BOYS AND GIRLS CLUB OF COACHELLA VALLEY RECOMMENDATION Approve Joint Use of Facility and Services Agreement with the Boys and Girls Club of Coachella Valley; and authorize the City Manager to execute the Agreement. EXECUTIVE SUMMARY • The City contracts with the Boys and Girls Club of Coachella Valley (Club) for the use of the President Gerald R. Ford Boys and Girls Club facility. • The City uses the classroom spaces and gymnasium for recreation programs and community activities. FISCAL IMPACT The four-year agreement (Attachment 1) provides $40,000 per fiscal year (FY) to fund Club sponsored youth programs. Annual payments are $20,000 from the General Fund (101-3001-60135) and up to $20,000 from Community Development Block Grant (CDBG) funds (210-0000-60135). Funds will be budgeted for each FY the agreement is in effect. BACKGROUND/ANALYSIS In February 1992, the Club entered a 40-year land lease with the City wherein the Club leased City land and constructed a facility for youth/sports programs. The land lease expires in 2033 years. In December 1995, the Council approved the first Facility Use Agreement with the Club. Through this, and subsequent Agreements, the City provides youth and adult sports programs at the facility, and the Club also receives City funds to provide recreation programs to children ages 7 to 17 throughout the year. The four-year agreement term is July 1, 2024 to June 30, 2028 with an option to renew for an additional two years. ALTERNATIVES Since this is a long-standing partnership to support youth programming, staff does not recommend an alternative. 39 Prepared by: Michael Calderon, Community Services Management Analyst Approved by: Christina Calderon, Community Services Deputy Director Attachment: 1. Joint Use of Facility and Services Agreement 40 JOINT USE OF FACILITY AND SERVICES AGREEMENT This Joint Use of Facility and Services Agreement (the "Agreement") is hereby entered into by and between the BOYS AND GIRLS CLUB OF COACHELLA VALLEY, a chapter member of the BOYS AND GIRLS CLUB OF AMERICA, a nonprofit organization (the "CLUB"), and the CITY OF LA QUINTA, a California municipal corporation (the "CITY"), as of this 1 day of July, 2024 (the "Effective Date"). CITY and CLUB are hereinafter sometimes referred to individually as a "Party" and collectively as the "Parties." RECITALS WHEREAS, the CITY is the owner of certain real property located in the City of La Quinta consisting of approximately 3.06 acres and improved with a facility more commonly known as the President Gerald R. Ford Boys and Girls Club of La Quinta ("Facility"); and WHEREAS, on or about February 4, 1992, the CITY entered into a 40-year lease with the CLUB for the purpose of allowing the CLUB to build and utilize the Facility, which lease has been amended on four (4) prior occasions (as amended, the "Lease"); and WHEREAS, the CITY desires to use the Facility, and the CLUB desires to grant a license to the CITY, to enter upon, occupy, use and operate, according to the terms, condition and covenants herein contained, the Facility (with the exception of and subject to the terms contained in the "Reserved Areas" identified in Section 1.3 below), for recreation purposes; and WHEREAS, as a condition of this Agreement, the CLUB has agreed to allow the CITY to utilize, subject to the restrictions and conditions set forth herein, the Facility; and WHEREAS, the CITY is the owner of a classroom attached to the west side of the Facility more commonly known as the "Fitness Classroom"; and WHEREAS, the CLUB desires to use the Fitness Classroom, and the CITY desires to grant a license to the CLUB, to enter upon, occupy, use and operate, according to the terms, conditions and covenants herein contained, the Fitness Classroom, for recreation purposes; and WHEREAS, on or about March 16, 2020, the Club suspended all programming due to the onset of the COVID-19 pandemic; the City and Club have mutually agreed to work together to continue to provide services in compliance with COVID-19 for health and safety, sanitation, and social distance protocols; and WHEREAS, during the fiscal year 2021/2022 the Club resumed programs and services for the youth; and WHEREAS, the CLUB and CITY wish to continue programs and services for the youth through fiscal year 2028/29; and WHEREAS, this Agreement sets forth the terms and conditions for the CITY's use of the Facility and the CLUB's use of the Fitness Classroom, as well as the rights and 41 obligations of the Parties hereto with respect to the shared use, operations, maintenance, and funding requirements associated with this Agreement. AGREEMENT NOW THEREFORE, in consideration of the recitals set forth above, which are incorporated herein by this reference, the covenants and agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the CLUB and the CITY agree as follows: 1.0 SHARED USE OF FACILITY; SHARED USE OF FITNESS CLASSROOM 1.1 CLUB Grant of Use of Facility. Except for those office areas identified as reserved in Section 1.7 below, the CLUB hereby grants to the CITY for a term beginning July 1, 2024, to June 30, 2028, a license to enter upon, occupy, use and operate, according to the terms, conditions and covenants herein contained, the Facility during the time frame set out for CITY use in Section 1.2 below. 1.2 Basic Schedule for CITY Use ("CITY Time"). Mondays — Thursdays 7 p.m. — 10 p.m. (Year -Round) Saturdays 6 p.m. — 10 p.m. (Year -Round) 7 a.m. — 6 p.m. (Up to 6 times per calendar year with CLUB's Staff approval) Sundays 7 a.m. — 10 p.m. (Year -Round) 1.3 CITY Grant of Use of Fitness Classroom. The CITY hereby grants to the CLUB for a term beginning July 1, 2024, to June 30, 2028, a license to enter upon, occupy, use and operate, according to the terms, conditions and covenants herein contained, supervised access to the Fitness Classroom upon prior written approval of CITY staff. 1.4 Quarterly Schedule Review. The CLUB and the CITY shall meet and confer at least quarterly to discuss their programming plans for the Facility and Fitness Classroom and avoid duplication of services as both Parties agree is reasonable. The CITY shall implement a program plan within 60 days from the date of this Agreement and maintain said plan in accordance with its terms. 1.5 Permitting Other Group Use. During such periods of CITY time that the CITY does not have a proposed group use of the Facility, the CITY may permit public benefit groups ("Permittees") to utilize such periods of CITY time. If it does so, the CITY will take the necessary steps to require the Permittees to meet the insurance and all other requirements of this Agreement. 1.6 Duty to Supervise. During all such times as all or part of the Facility is permitted by the CITY to be used by one or more Permittees, the CITY shall provide competent, on -site supervision of said Permittees by an appropriate contingent of responsible adults, and such appropriate security therefore necessary to prevent property damage or intentional personal injury. 42 1.7 Liability for Damage. CITY shall be liable for all property damage and personal injury that occurs solely as a result of actions by CITY or CITY's guests or attendees with respect to the use of the Facility and shall hold the CLUB harmless from any and all such liability. CLUB shall be liable for all property damage and personal injury that occurs solely as a result of actions by CLUB or CLUB's guests or attendees with respect to the use of the Fitness Classroom and shall hold the CITY harmless from any and all such liability. 1.8 Specific Violations of Facility Use. Without limitation as to other possible violations of the Facility use, the CITY shall specifically not permit the following uses: 1.8.1 Political Activities. CITY shall abide by CLUB's facility use policies and shall not permit or tolerate the use of the Facility for campaigning or otherwise working for the nomination or election of any individual to any public office, partisan or nonpartisan, or for any ballot measure, including any initiative, referendum, or advisory vote, except with the advance written permission of the CLUB, as a forum for open public debate by candidates on the condition that no member of the public shall be excluded therefrom. 1.8.2 Alcohol, Drugs, or Tobacco. CITY shall abide by CLUB's facility use policies and not allow alcohol, illegal drugs, or tobacco to be sold, used or consumed in, on or around the Facility. CITY shall not permit or allow any portion of the Facility to be rented or utilized by any person, group or company that intends to provide alcoholic beverages at an event or meeting. The CITY shall make these facts known, in writing and through oral communications, to all staff members and participants at the Facility. 1.9 Reserved Areas. 1.9.1 CLUB Office Areas. Excepted from the license herein granted to CITY is the area of the CLUB's staff offices. 1.9.2 Storage Areas. Excepted from the license herein granted is the area of the CLUB's storage for games and supplies which is hereby specifically reserved and granted to the exclusive and full-time use of the CLUB during the term of this Agreement. 2.0 OPERATIONS. 2.1 Fees. CITY may charge attendance fees to its invitees and users. 2.2 Log Book. Each Party shall keep, maintain and permit the inspection by the other Party of, a joint log book in a form approved by the CLUB and the CITY in which the CITY and the CLUB shall maintain a record of acts of vandalism, repairs, incidents of graffiti, and other major incidents. 2.3 Procedure Training. CITY shall cause and train its employees to comply with procedures in a manual ("Procedures Manual") the CLUB prepares regarding utility turn- offs, alarm responses, locking up/closing, key distribution, facility damage (including graffiti reporting). The CLUB shall provide CITY with a copy of hereby mentioned Procedures Manual and provide CITY with a facility alarm code. 2.4 Key Provision. Parties will coordinate on providing keys and lock up procedures and use of the alarm system. 43 2.5 Maintenance. Except for conditions which may be corrected by normal janitorial services, all Parties shall leave the Facility at the conclusion of their daily time allotment in a neat and clean condition and one that does not impose any additional duty on the janitorial and custodial services staff, or upon the next occupant of the Facility. The Facility shall be kept and maintained in a clean, sanitary, and safe condition as established by the CLUB. The CLUB shall also be responsible for acceptable maintenance of all landscape areas, playgrounds, parking lots, and trash enclosure. Except for conditions which may be corrected by normal janitorial services, all Parties shall leave the Fitness Classroom at the conclusion of any use in a neat and clean condition and one that does not impose any additional duty on the janitorial and custodial services staff, or upon the next occupant of the Fitness Classroom. The Fitness Classroom shall be kept and maintained in a clean, sanitary, and safe condition as established by the CITY. 3.0 MUTUAL INDEMNITY AND RELEASE. Reciprocal Indemnity for Invitee's, Employee's or Trespasser's Personal and Property Injuries. Each Party ("Indemnifying Party") indemnifies each other Party ("Indemnified Party"), holds the Indemnified Party harmless, and agrees to defend the Indemnified Party against loss, damage or liability on a claim, the adverse judgment, adverse order on, or good faith settlement of, such a claim, including attorney's fees and court costs in defending such claim, suffered by an Indemnified Party due to personal injury to, or damage to the property of, an invitee (including a Permittee) of an Indemnified Party ("Indemnified's Invitee"), an employee ("Indemnified's Employee") of an Indemnified Party, or to a trespasser or other uninvited person, at the Facility and/or Fitness Classroom primarily caused by the act or omission of the Indemnifying Party, its employees or invitees. 4.0 INSURANCE. The Parties agree to provide insurance in accordance with the provisions of this Section 3. 4.1 CITY's Insurance Obligation. Without limiting the indemnification provisions provided herein, the CITY, at its sole expense, shall obtain and keep in force during the term of this Agreement and any extensions thereof, a policy or policies of general liability insurance covering all injuries to persons and damage to property occurring in, upon or about (i) the Facility resulting from any actions or omissions of the CITY or any use of the Facility by the CITY or its invitees in accordance with the terms of this Agreement, or (ii) the Fitness Classroom resulting from any actions or omissions of the CITY or any use of the Fitness Classroom by the CITY or its invitees. The policy or policies evidencing such insurance shall name the CLUB and its officials, officers, employees, and agents as additional insureds, shall provide that same may not be cancelled or amended without written notice to the CLUB, and shall provide for a combined single limit coverage of bodily injury and property damage in the amount of not less than One Million Dollars ($1,000,000). Such policy or policies shall be issued by an insurance company licensed to do business in the State of California and be rated A-/VIII or better by ambest.com. Prior to the Effective Date, and upon renewal of such policies, the CITY shall submit to the CLUB certificates of insurance and any applicable endorsements evidencing that the foregoing policy or policies are in effect. At the CITY's option, CITY shall be allowed to self -insure the insurance coverages as required above. 4.2 CLUB's Insurance Obligation. Without limiting the indemnification provisions provided herein, the CLUB, at its sole expense, shall obtain and keep in force during the 44 term of this Agreement and any extensions thereof, a policy or policies of general liability insurance covering all injuries to persons and damage to property occurring in, upon or about (i) the Facility resulting from any actions or omissions of the CLUB or any use of the Facility by the CLUB or its invitees, or (ii) the Fitness Classroom resulting from any actions or omissions of the CLUB or any use of the Fitness Classroom by the CLUB or its invitees in accordance with the terms of this Agreement. The policy or policies evidencing such insurance shall name the CITY and its officials, officers, employees, and agents, as additional insureds, shall provide that same may not be cancelled or amended without written notice to the CITY, and shall provide for a combined single limit coverage of bodily injury and property damage in the amount of not less than One Million Dollars ($1,000,000). Such policy or policies shall be issued by an insurance company licensed to do business in the State of California and be rated A-/VIII or better by ambest.com. Prior to the Effective Date, and upon renewal of such policies, the CLUB shall submit to the CITY certificates of insurance and any applicable endorsements evidencing that the foregoing policy or policies are in effect. 5.0 SERVICES OF CLUB. 5.1 Scope of Services. In compliance with all terms and conditions of this Agreement, the CLUB shall continue to provide those services related to social recreation programs to the children of La Quinta according to the Desert Sands Unified School District Master Calendar. Regular school session Monday -Friday 2:00 p.m.-7:00 p.m. School holiday breaks Monday -Friday 7:30 a.m.-5:30 p.m. Summer break Monday -Friday 7:30 a.m.-5:30 p.m. Excluding any days off for observance of Boys and Girls CLUB holiday schedule. The CLUB is required by this Agreement to be familiar with and comply with the Community Development Block Grant (CDBG) regulations and shall further comply with the terms and conditions of any applicable Sub -Recipient Agreement for the use of Community Development Block Grant Funds entered into by CLUB and CITY (each a "Sub -Recipient Agreement"). The CLUB understands and agrees that no waiver or exception can be granted to the CDBG policies, regulations, or requirements, or any of the terms or conditions set forth in a Sub -Recipient Agreement except with express written consent of the City Manager. The Social Recreation program is to include but is not limited to table games, board games, game technique clinics, tournaments, holiday parties, and to provide other opportunities for fun and constructive use of children's leisure time. CLUB warrants that all services will be performed in a competent, professional, and satisfactory manner in accordance with the standards prevalent in the industry for such services. 6.0 COMPENSATION. 6.1 Community Development Block Grant (CDBG). It is the understanding of the CLUB and the CITY that CDBG funds will be used to fund this portion of the contract. The maximum sum of Twenty Thousand Dollars ($20,000) per fiscal year is contingent upon the CLUB completing the necessary reporting documents required by the Riverside County CDBG program. 45 6.2 Contract Sum ("License Fee"). For the License Fee the CITY shall make quarterly payments of $10,000 for a total amount not to exceed Forty Thousand Dollars ($40,000) per fiscal year for the life of this Agreement, encompassing the initial and any extended terms. Fee payments will be made to the CLUB according to the following schedule: Payment Amount Payment Date Per Fiscal Year $10,000 July 31, October 31, January 31, and April 30 In the event this Agreement is terminated pursuant to the terms hereof, the final payment shall be as follows: (i) if the final date of this Agreement occurs on a Payment Date, then the $10,000 payment due on said Payment Date shall be the final payment due hereunder; and (ii) if the final date of this Agreement occurs on a date other than a Payment Date, then the payment due on said final date shall be $10,000 prorated for the number of days during the last quarter for which this Agreement was in effect. 7.0 PERFORMANCE SCHEDULE. 7.1 Time of Essence. Time is of the essence in the performance of this Agreement. 7.2 Schedule of Performance. All services rendered pursuant to this Agreement shall be performed diligently and within the time period established in Section 4.1. Extensions to the time period specified in Section 4.1 may be approved in writing by the Community Services Deputy Director of the CITY (the "Contract Officer"). CDBG reporting forms must be filed in a timely manner in compliance with CDBG reporting timelines. 7.3 Term. This Agreement shall become effective July 1, 2024, and shall remain in effect for a term of four (4) years, with an option to renew for an additional two (2) years unless earlier terminated as provided herein. Either party may terminate this Agreement providing the other with six (6) months prior written notice of the termination date. 7.4 Default. Failure or delay by either party to perform any covenant, condition or provision of this Agreement within the time provided herein constitutes a default under this Agreement. The injured party shall give written notice of default to the party in default, clearly detailing the default to be cured. The defaulting party shall immediately commence to cure such default and shall diligently complete such cure within thirty (30) days from the date of the notice or such longer period if the nature of the default is such that more than thirty (30) days is required to cure such default. Notwithstanding any other provision of this Agreement, the injured party shall have the right to immediately terminate this Agreement by written notice to the other party in the event of a default which is not cured within the time set forth in this section. 8.0 RECORDS AND REPORTS. 8.1 Reports. CLUB shall prepare and submit to CITY a monthly report of attendance concerning the services as outlined in this Agreement. In addition, a progress report, including an accounting of expenditures, shall be provided on or about December 15 and June 15 of each fiscal year. The CLUB shall prepare reports and intake forms as required by the Riverside County CDBG program. ErT 8.2 Records. CLUB shall keep such books and records as shall be necessary to perform the services required by this Agreement and enable the CITY to evaluate the cost and the performance of such services. Books and records pertaining to costs shall be kept and prepared in accordance with generally accepted accounting principles. CITY shall have full and free access to such books and records at all reasonable times, including the right to inspect, copy, audit and make records and transcripts from such records. 8.3 Release of Documents. The reports, records, documents and other materials prepared by CLUB in the performance of services under this Agreement shall not be released publicly without the prior written approval of the Contract Officer or except as required by law. CLUB shall not disclose to any other private entity or person any information regarding the activities of the CITY, except as required by law or as authorized by the Contract Officer. 8.4 Community Development Block Grant (CDBG) Funding. The CLUB agrees to comply with the reporting processes of the Riverside County CDBG program in order to document that the program meets the National Objective by serving limited clientele — all persons (100%) served by the services outlined in this Agreement shall be low or moderate income. 9.0 MISCELLANEOUS PROVISIONS. 9.1 Attorneys' Fees. In the event any declaratory or other legal or equitable action is instituted between CITY and CLUB in connection with this Agreement, the prevailing Party shall be entitled to recover from the losing Party all of its costs and expenses, including court costs and reasonable attorneys' fees, and all fees, costs and expenses incurred on any appeal or in collection of any judgment. 9.2 Notices. Any notice, request, demand, consent, approval or other communication required or permitted hereunder or by law shall be validly given or made only if in writing and delivered in person to an officer or duly authorized representative of the other Party, or deposited in the United States mail, duly certified or registered (return receipt requested), postage prepaid, or delivered through another commercially reasonable method, including facsimile transmission and addressed to the party for whom intended, as follows: If to CITY: City of La Quinta Attn: City Manager 78495 Calle Tampico La Quinta, CA 92253 Fax: (760) 777-7101 If to CLUB: Boys and Girls Club of La Quinta Attn: Quinton Egson, Chief Executive Officer 42600 Cook Street, Suite 120 Palm Desert, CA 92260 Fax: (760) 836-1160 47 Any Party may from time to time, by written notice to the other, designate a different address which shall be substituted for that specified above. If any notice or other document is sent by mail as aforesaid, the same shall be deemed fully delivered and received forty-eight (48) hours after mailing as provided above. If any notice or document is sent by facsimile transmission, the same shall be deemed fully delivered and received upon the transmission to the sender of a facsimile confirmation sheet. 9.3 Gender and Number. In this Agreement (unless the context requires otherwise), the masculine, feminine and neuter genders and the singular and the plural shall be deemed to include one another, as appropriate. 9.4 Entire Agreement. This Agreement and the Lease constitute the entire agreement between the Parties hereto pertaining to the subject matter hereof, and the final, complete and exclusive expression of the terms and conditions thereof. All prior agreements, representations, negotiations and understanding of the parties hereto, oral or written, express or implied, are hereby superseded and merged herein. 9.5 Captions. The captions used herein are for convenience only and are not a part of this Agreement and do not in any way limit or amplify the terms and provisions hereof. 9.6 Governing Law. This Agreement and the exhibits attached hereto have been negotiated and executed in the State of California and shall be governed by and construed under the laws of the State of California. 9.7 Invalidity of Provision. If any provision of this Agreement as applied to any Party or to any circumstance shall be adjudged by a court of competent jurisdiction to be void or unenforceable for any reason, the same shall in no way affect (to the maximum extent permissible by law) any other provision of this Agreement, the application of any such provision under circumstances different from those adjudicated by the court, or the validity or enforceability of this Agreement as a whole. 9.8 Amendments. No addition to or modification of any provision contained in this Agreement shall be effective unless fully set forth in writing by CLUB and CITY. 9.9 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute but one and the same instrument. 9.10 Binding Upon Successors. The terms and conditions, covenants, and agreements set forth herein shall apply to and bind the heirs, executors, administrators, assigns and successors of the parties hereof. [signatures on following page] 48 IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and year set forth herein above. CITY OF LA QUINTA, a municipal corporation JON MCMILLEN City Manager Date ATTEST: MONIKA RADEVA, City Clerk APPROVED AS TO FORM: WILLIAM H. IHRKE City Attorney BOYS AND GIRLS CLUB OF COACHELLA VALLEY, PRESIDENT GERALD R. FORD BOYS AND GIRLS CLUB OF LA QUINTA, a nonprofit organization QUINTON EGSON President & CEO Date 49 50 CONSENT CALENDAR ITEM NO. 3 City of La Quinta CITY COUNCIL MEETING: June 4, 2024 STAFF REPORT AGENDA TITLE: APPROVE AGREEMENT FOR CONTRACT SERVICES WITH TY LIN INTERNATIONAL FOR SEISMIC AND STRUCTURAL EVALUATION SERVICES FOR THE CITY OWNED LUMBER YARD BUILDING PROJECT NO. 2019-01; LOCATED AT 77895 AVENIDA MONTEZUMA RECOMMENDATION Approve agreement for contract services with TY Lin International to provide seismic and structural evaluation services for the City owned lumber yard building Project No. 2019- 01, located at 77895 Avenida Montezuma; and authorize the City Manager to execute the agreement. EXECUTIVE SUMMARY • The seismic and structural evaluation is intended to provide additional information on the state of the Lumber Yard building and the ability to utilize it (Attachment 1). • In December 2023, staff advertised a request for proposals (RFP) for qualified firms to provide seismic and structural evaluation services for the Lumber Yard but received only one proposal, from Miyamoto, which staff was unable to negotiate a contract with. • TY Lin International (TYLI) was requested to provide a scope and fee for the services, as they are currently working with the City on a separate project, and planned to propose on the project but were unable to at the time proposals were due. • Staff recommends approving the agreement for contract services (Agreement) with TYLI in the amount not to exceed $25,000 (Attachment 2). FISCAL IMPACT Budget for the Project was allocated in fiscal years 2019/20 and 2020/21 Capital Improvement Program (CIP), which includes sufficient funding of $25,000 for seismic and structural evaluation services. The fiscal year 2024/25 CIP budget proposes to include an additional $1,500,000. The following is the Project budget: 51 Project Budget Professional $ 190,182 Master Planning/Design $ 1,032,114 Construction $ 3,053,636 Inspection/Testing/Survey $ 217,705 Contingency $ 316,363 TOTAL: $ 4,810,000 BACKGROUND/ANALYSIS The components of the La Quinta Cultural Campus include the La Quinta Museum, Lumberyard, casita, archive, and art plaza/gathering space referred to as the "oasis". In March 2022, an agreement was approved with HGA to provide master planning and preliminary design services for the Project with a focus on the following areas: • Creating a more welcoming and clearly defined museum entrance • Improving museum flow and functionality • Creating an inviting outdoor space for small events, art opportunities, and educational workshops • Expanding and enhancing archive space The proposed Agreement with TYLI to provide seismic and structural evaluation services of the Lumber yard will allow the City to determine how to move forward with the Lumber yard building and how it will fit into the overall Cultural Campus Project that is currently under design with HGA. Staff will bring the findings of the evaluation to the Council in a Study Session for discussion and direction. ALTERNATIVES Staff does not recommend an alternative. Prepared by: Ubaldo Ayon, Assistant Construction Manager Approved by: Bryan McKinney, P.E., Public Works Director/City Engineer Attachments: 1. Vicinity Map 2. Agreement for contract services with TYLI 52 ATTACHMENT 1 LA QUINTA CULTURAL CAMPUS SITE AERIAL +-lp AM y- TT s'� �. � � j ire •- �"��` Museum •*:, _ • �� r 4 . 53 LA QUINTA CULTURAL CAMPUS PROJECT AREA / EXTENTS t'� ,,�v �� a.►.z a �. .ter.- .. i� LIZ Ap ,.iy. w. �— L�W+xm�l�l� a 4 F ;� 1 J�/4i{.f,j_-.d,yl� V ��777 •r _. - v � 4 Y � f ��+ S ImZ 40 Lo jc A I'. ,�'i 'ram• �'A" .la --dd li I�A .pJ. �',....S4Y�rr1�,,,I-,, x•_a^� „,. .'' ', ;•iC,� r. r 1 1-40 AREA OF PLANNING INFLUENCE/CONTEXT jam, - 9 SITE EXTENTS FOR !000," CULTURAL CAMPUS 4.' PLANNING/PRELIMINARY DESIGN 54 ATTACHMENT 2 AGREEMENT FOR CONTRACT SERVICES THIS AGREEMENT FOR CONTRACT SERVICES (the "Agreement") is made and entered into by and between the CITY OF LA QUINTA, ("City"), a California municipal corporation, and TY Lin International, a Corporation ("Contracting Party"). The parties hereto agree as follows: 1. SERVICES OF CONTRACTING PARTY. 1.1 Scope of Services. In compliance with all terms and conditions of this Agreement, Contracting Party shall provide Professional Structural Engineering Services for the Cultural Campus Project 2019-01, as specified in the "Scope of Services" attached hereto as "Exhibit A" and incorporated herein by this reference (the "Services"). Contracting Party represents Contracting Party is experienced in performing the Services contemplated herein and, in light of such status and experience, Contracting Party covenants that it shall follow industry standards in performing the Services required hereunder. 1.2 Compliance with Law. All Services rendered hereunder shall be provided in accordance with all ordinances, resolutions, statutes, rules, regulations, and laws of the City and any Federal, State, or local governmental agency of competent jurisdiction. 1.3 Wage and Hour Compliance, Contracting Party shall comply with applicable Federal, State, and local wage and hour laws. 1.4 Licenses, Permits, Fees and Assessments. Except as otherwise specified herein, Contracting Party shall obtain at its sole cost and expense such licenses, permits, and approvals as may be required by law for the performance of the Services required by this Agreement, including a City of La Quinta business license. Contracting Party and its employees, agents, and subcontractors shall, at their sole cost and expense, keep in effect at all times during the term of this Agreement any licenses, permits, and approvals that are legally required for the performance of the Services required by this Agreement. Contracting Party shall have the sole obligation to pay for any fees, assessments, and taxes, plus applicable penalties and interest, which may be imposed by law and arise from or are necessary for the performance of the Services required by this Agreement, and shall indemnify, defend (with counsel selected by City), and hold City, its elected officials, officers, employees, NAI Consulting, and Rutan & Tucker LLP., free and harmless against any such fees, assessments, taxes, penalties, or interest levied, assessed, or imposed against City hereunder. Contracting Party shall be responsible for all subcontractors' compliance with this Section. 55 1.5 Familiarity with Work. By executing this Agreement, Contracting Party represents that (a) it has thoroughly investigated and considered the Services to be performed, (b) it has investigated the site where the Services are to be performed, if any, and fully acquainted itself with the conditions there existing, (c) it has carefully considered how the Services should be performed, and (d) it fully understands the facilities, difficulties, and restrictions attending performance of the Services under this Agreement. Should Contracting Party discover any latent or unknown conditions materially differing from those inherent in the Services or as represented by City, Contracting Party shall immediately inform City of such fact and shall not proceed except at Contracting Party's risk until written instructions are received from the Contract Officer, or assigned designee (as defined in Section 4.2 hereof). 1.6 Standard of Care. Contracting Party shall perform its obligations and Services in a manner consistent with the standard of care and skill ordinarily exercised by members of the profession practicing under similar conditions in the geographic vicinity and at the time the Services are performed (the "Standard of Care")." Contracting Party's work will be held to the Standard of Care. Consistent with Section 1.5 hereinabove, Contracting Party represents to City that it holds the necessary skills and abilities to satisfy the industry standard of quality as set forth in this Agreement. Contracting Party shall adopt reasonable methods during the life of this Agreement to furnish continuous protection to the Services performed by Contracting Party, and the equipment, materials, papers, and other components thereof to prevent losses or damages, and shall be responsible for all such damages, to persons or property, until acceptance of the Services by City, except such losses or damages as may be caused by City's own negligence. The performance of Services by Contracting Party shall not relieve Contracting Party from any obligation to correct any incomplete, inaccurate, or defective work at no further cost to City, when such inaccuracies are due to the negligence of Contracting Party. 1.7 Additional Services. In accordance with the terms and conditions of this Agreement, Contracting Party shall perform services in addition to those specified in the Scope of Services ("Additional Services") only when directed to do so by the Contract Officer, or assigned designee, provided that Contracting Party shall not be required to perform any Additional Services without compensation. Contracting Party shall not perform any Additional Services until receiving prior written authorization (in the form of a written change order if Contracting Party is a contractor performing the Services) from the Contract Officer, or assigned designee, incorporating therein any adjustment in (i) the Contract Sum, and/or (ii) the time to perform this Agreement, which said adjustments are subject to the written approval of Contracting Party. It is expressly understood by Contracting Party that the provisions of this Section shall not apply to the Services specifically set forth in the Scope of Services or reasonably contemplated therein. It is specifically understood and agreed that oral requests and/or approvals of Additional Services shall be barred and are unenforceable. Failure of Contracting Party to secure the Contract Officer's, or assigned designee's written authorization for Additional Services shall constitute a waiver of any and all right to adjustment of the Contract Sum or time to perform this Agreement, whether by way of compensation, 2 56 restitution, quantum meruit, or the like, for Additional Services provided without the appropriate authorization from the Contract Officer, or assigned designee. Compensation for properly authorized Additional Services shall be made in accordance with Section 2.4 of this Agreement. 1.8 Special Requirements. Additional terms and conditions of this Agreement, if any, which are made a part hereof are set forth in "Exhibit D" (the "Special Requirements"), which is incorporated herein by this reference and expressly made a part hereof. In the event of a conflict between the provisions of the Special Requirements and any other provisions of this Agreement, the provisions of the Special Requirements shall govern. 2. COMPENSATION. 2.1 Contract Sum. For the Services rendered pursuant to this Agreement, Contracting Party shall be compensated based on fixed fee not to exceed amount in accordance with "Exhibit B" (the "Schedule of Compensation") in an amount not to exceed twenty-five thousand dollars 25 000) (the "Contract Sum"), except as provided in Section 1.7. The method of compensation set forth in the Schedule of Compensation may include a lump sum payment upon completion, payment in accordance with the percentage of completion of the Services, payment for time and materials based upon Contracting Party's rate schedule, but not exceeding the Contract Sum, or such other reasonable methods as may be specified in the Schedule of Compensation. The Contract Sum shall include the attendance of Contracting Party at all project meetings reasonably deemed necessary by City; Contracting Party shall not be entitled to any additional compensation for attending said meetings. Compensation may include reimbursement for actual and necessary expenditures for reproduction costs, transportation expense, telephone expense, and similar costs and expenses when and if specified in the Schedule of Compensation. Regardless of the method of compensation set forth in the Schedule of Compensation, Contracting Party's overall compensation shall not exceed the Contract Sum, except as provided in Section 1.7 of this Agreement. 2.2 Method of Billing & Payment. Any month in which Contracting Party wishes to receive payment, Contracting Party shall submit to City no later than the tenth (10th) working day of such month, in the form approved by City's Finance Director, an invoice for Services rendered prior to the date of the invoice. Such invoice shall specify each staff member who has provided Services and the number of hours assigned to each such staff member. Such invoice shall contain a certification by a principal member of Contracting Party specifying that the payment requested is for Services performed in accordance with the terms of this Agreement. Upon approval in writing by the Contract Officer, or assigned designee, and subject to retention pursuant to Section 8.3, City will pay Contracting Party for all items stated thereon which are approved by City pursuant to this Agreement no later than thirty (30) days after invoices are received by the City's Finance Department. 2.3 If any undisputed payment is more than thirty (30) days late, Contracting Party shall (i) provide notice of late payment to the City, and (ii) if the relevant - 3 57 payment is not made within thirty (30) days of receipt of such late notice, Contracting Party shall have the option to suspend its provision of Services. A finance charge shall be assessed on the due, but unpaid amount for each day of a month that any undisputed amount remains unpaid beyond thirty (30) days after the date of the invoice is received by the City, at the rate of eighteen percent (18%) per annum. 2.4 Compensation for Additional Services. Additional Services approved in advance by the Contract Officer, or assigned designee, pursuant to Section 1.7 of this Agreement shall be paid for in an amount agreed to in writing by both City and Contracting Party in advance of the Additional Services being rendered by Contracting Party. Any compensation for Additional Services amounting to five percent (5%) or less of the Contract Sum may be approved by the Contract Officer, or assigned designee. Any greater amount of compensation for Additional Services must be approved by the La Quinta City Council, the City Manager, or Department Director, depending upon City laws, regulations, rules and procedures concerning public contracting. Under no circumstances shall Contracting Party receive compensation for any Additional Services unless prior written approval for the Additional Services is obtained from the Contract Officer, or assigned designee, pursuant to Section 1.7 of this Agreement. 3. PERFORMANCE SCHEDULE. 3.1 Time of Essence. Time is of the essence in the performance of this Agreement. If the Services not completed in accordance with the Schedule of Performance, as set forth in Section 3.2 and "Exhibit C", it is understood that the City will suffer damage. 3.2 Schedule of Performance. All Services rendered pursuant to this Agreement shall be performed diligently and within the time period established in "Exhibit C" (the "Schedule of Performance"). Extensions to the time period specified in the Schedule of Performance may be approved in writing by the Contract Officer, or assigned designee. 3.3 Force Majeure. The time period specified in the Schedule of Performance for performance of the Services rendered pursuant to this Agreement shall be extended because of any delays due to unforeseeable causes beyond the control and without the fault or negligence of Contracting Party, including, but not restricted to, acts of God or of the public enemy, fires, earthquakes, floods, epidemic, quarantine restrictions, riots, strikes, freight embargoes, acts of any governmental agency other than City, and unusually severe weather, if Contracting Party shall within ten (10) days of the commencement of such delay notify the Contract Officer, or assigned designee, in writing of the causes of the delay. The Contract Officer, or assigned designee, shall ascertain the facts and the extent of delay, and extend the time for performing the Services for the period of the forced delay when and if in the Contract Officer's judgment such delay is justified, and the Contract Officer's determination, or assigned designee, shall be final and conclusive upon the parties to this Agreement. Extensions to time period in the Schedule of Performance which are determined by the Contract Officer, or assigned designee, to be justified pursuant to this Section shall not entitle the Contracting Party to _4 58 additional compensation in excess of the Contract Sum. 3.4 Term. Unless earlier terminated in accordance with the provisions in Article 8.0 of this Agreement, the term of this agreement shall commence on June 10, 2024, contingent upon approval by City, and Contracting Party shall commence work after notification to proceed by City' s Contract Officer. The agreement shall terminate on June 30, 2025 unless extended by an Amendment to this Agreement. Contracting Party is advised that any recommendation for Agreement award is not binding on City until the Agreement is fully executed and approved by City. 4. COORDINATION OF WORK. 4.1 Representative of Contracting Party. The following principals of Contracting Party ("Principals") are hereby designated as being the principals and representatives of Contracting Party authorized to act in its behalf with respect to the Services specified herein and make all decisions in connection therewith: a) Nathan Hicks, Principal Tel No. 1 (760) 579-9135 E-mail: nathan.hicks@tylin.com It is expressly understood that the experience, knowledge, capability, and reputation of the foregoing Principals were a substantial inducement for City to enter into this Agreement. Therefore, the foregoing Principals shall be responsible during the term of this Agreement for directing all activities of Contracting Party and devoting sufficient time to personally supervise the Services hereunder. For purposes of this Agreement, the foregoing Principals may not be changed by Contracting Party and no other personnel may be assigned to perform the Services required hereunder without the express written approval of City. 4.2 Contract Officer. The "Contract Officer", shall be Alfred Berumen, Facilities Management Analyst, or assigned designee may be designated in writing by the City Manager of the City. It shall be Contracting Party's responsibility to assure that the Contract Officer, or assigned designee, is kept informed of the progress of the performance of the Services, and Contracting Party shall refer any decisions, that must be made by City to the Contract Officer, or assigned designee. Unless otherwise specified herein, any approval of City required hereunder shall mean the approval of the Contract Officer, or assigned designee. The Contract Officer, or assigned designee, shall have authority to sign all documents on behalf of City required hereunder to carry out the terms of this Agreement. 4.3 Prohibition Against Subcontracting or Assignment. The experience, knowledge, capability, and reputation of Contracting Party, its principals, and its employees were a substantial inducement for City to enter into this Agreement. Except as set forth in this Agreement, Contracting Party shall not contract or subcontract with any other entity to perform in whole or in part the Services required hereunder without the express written approval of City. In addition, neither this Agreement nor any interest - 5 59 herein may be transferred, assigned, conveyed, hypothecated, or encumbered, voluntarily or by operation of law, without the prior written approval of City. Transfers restricted hereunder shall include the transfer to any person or group of persons acting in concert of more than twenty five percent (25%) of the present ownership and/or control of Contracting Party, taking all transfers into account on a cumulative basis. Any attempted or purported assignment or contracting or subcontracting by Contracting Party without City's express written approval shall be null, void, and of no effect. No approved transfer shall release Contracting Party of any liability hereunder without the express consent of City. 4.4 Independent Contractor. Neither City nor any of its employees shall have any control over the manner, mode, or means by which Contracting Party, its agents, or its employees, perform the Services required herein, except as otherwise set forth herein. City shall have no voice in the selection, discharge, supervision, or control of Contracting Party's employees, servants, representatives, or agents, or in fixing their number or hours of service. Contracting Party shall perform all Services required herein as an independent contractor of City and shall remain at all times as to City a wholly independent contractor with only such obligations as are consistent with that role. Contracting Party shall not at any time or in any manner represent that it or any of its agents or employees are agents or employees of City. City shall not in any way or for any purpose become or be deemed to be a partner of Contracting Party in its business or otherwise or a joint venture or a member of any joint enterprise with Contracting Party. Contracting Party shall have no power to incur any debt, obligation, or liability on behalf of City. Contracting Party shall not at any time or in any manner represent that it or any of its agents or employees are agents or employees of City. Except for the Contract Sum paid to Contracting Party as provided in this Agreement, City shall not pay salaries, wages, or other compensation to Contracting Party for performing the Services hereunder for City. City shall not be liable for compensation or indemnification to Contracting Party for injury or sickness arising out of performing the Services hereunder. Notwithstanding any other City, state, or federal policy, rule, regulation, law, or ordinance to the contrary, Contracting Party and any of its employees, agents, and subcontractors providing services under this Agreement shall not qualify for or become entitled to any compensation, benefit, or any incident of employment by City, including but not limited to eligibility to enroll in the California Public Employees Retirement System ("PERS") as an employee of City and entitlement to any contribution to be paid by City for employer contributions and/or employee contributions for PERS benefits. Contracting Party agrees to pay all required taxes on amounts paid to Contracting Party under this Agreement, and to indemnify and hold City harmless from any and all taxes, assessments, penalties, and interest asserted against City by reason of the independent contractor relationship created by this Agreement. Contracting Party shall fully comply with the workers' compensation laws regarding Contracting Party and Contracting Party's employees. Contracting Party further agrees to indemnify and hold City harmless from any failure of Contracting Party to comply with applicable workers' compensation laws. City shall have the right to offset against the amount of any payment due to Contracting Party under this Agreement any amount due to City from Contracting Party as a result of Contracting Party's failure to promptly pay to City any reimbursement or indemnification arising under this Section. 4.5 Identity of Persons Performing Work. Contracting Party represents that it employs or will employ at its own expense all personnel required for the satisfactory performance of any and all of the Services set forth herein. Contracting Party represents that the Services required herein will be performed by Contracting Party or under its direct supervision, and that all personnel engaged in such work shall be fully qualified and shall be authorized and permitted under applicable State and local law to perform such tasks and services. 4.6 City Cooperation. City shall provide Contracting Party with any plans, publications, reports, statistics, records, or other data or information pertinent to the Services to be performed hereunder which are reasonably available to Contracting Party only from or through action by City. 5. INSURANCE. 5.1 Insurance. Prior to the beginning of any Services under this Agreement and throughout the duration of the term of this Agreement, Contracting Party shall procure and maintain, at its sole cost and expense, and submit concurrently with its execution of this Agreement, policies of insurance as set forth in "Exhibit E" (the "Insurance Requirements") which is incorporated herein by this reference and expressly made a part hereof. 5.2 Proof of Insurance. Contracting Party shall provide Certificate of Insurance to Agency along with all required endorsements. Certificate of Insurance and endorsements must be approved by Agency's Risk Manager prior to commencement of performance. 6. INDEMNIFICATION. Indemnification. To the fullest extent permitted by law, Contracting Party shall indemnify, protect, and hold harmless City and any and all of its officers, employees, NAI Consulting, Rutan & Tucker LLP , volunteers as set forth in "Exhibit F" ("Indemnification") which is incorporated herein by this reference and expressly made a part hereof. 7. RECORDS AND REPORTS. 7.1 Reports. Contracting Party shall periodically prepare and submit to the Contract Officer, or assigned designee, such reports concerning Contracting Party's performance of the Services required by this Agreement as the Contract Officer, or assigned designee, shall require. Contracting Party hereby acknowledges that City is greatly concerned about the cost of the Services to be performed pursuant to this Agreement. For this reason, Contracting Party agrees that if Contracting Party becomes aware of any facts, circumstances, techniques, or events that may or will materially increase or decrease the cost of the Services contemplated herein or, if Contracting Party is providing design services, the cost of the project being designed, Contracting Party shall promptly notify the Contract Officer, or assigned designee, of said fact, circumstance, technique, or event and the estimated increased or decreased cost related _7 61 thereto and, if Contracting Party is providing design services, the estimated increased or decreased cost estimate for the project being designed. 7.2 Records. Contracting Party shall keep, and require any subcontractors to keep, such ledgers, books of accounts, invoices, vouchers, canceled checks, reports (including but not limited to payroll reports), studies, or other documents relating to the disbursements charged to City and the Services performed hereunder (the "Books and Records"), as shall be necessary to perform the Services required by this Agreement and enable the Contract Officer, or assigned designee, to evaluate the performance of such Services. Any and all such Books and Records shall be maintained in accordance with generally accepted accounting principles and shall be complete and detailed. The Contract Officer, or assigned designee, shall have full and free access to such Books and Records at all times during normal business hours of City, including the right to inspect, copy, audit, and make records and transcripts from such Books and Records. Such Books and Records shall be maintained for a period of three (3) years following completion of the Services hereunder, and City shall have access to such Books and Records in the event any audit is required. In the event of dissolution of Contracting Party's business, custody of the Books and Records may be given to City, and access shall be provided by Contracting Party's successor in interest. Under California Government Code Section 8546.7, if the amount of public funds expended under this Agreement exceeds Ten Thousand Dollars ($10,000.00), this Agreement shall be subject to the examination and audit of the State Auditor, at the request of City or as part of any audit of City, for a period of three (3) years after final payment under this Agreement. 7.3 Ownership of Documents. All drawings, specifications, maps, designs, photographs, studies, surveys, data, notes, computer files, reports, records, documents, and other materials plans, drawings, estimates, test data, survey results, models, renderings, and other documents or works of authorship fixed in any tangible medium of expression, including but not limited to, physical drawings, digital renderings, or data stored digitally, magnetically, or in any other medium prepared or caused to be prepared by Contracting Party, its employees, subcontractors, and agents in the performance of this Agreement (the "Documents and Materials") shall be the property of City and shall be delivered to City upon request of the Contract Officer, or assigned designee, or upon the expiration or termination of this Agreement, and Contracting Party shall have no claim for further employment or additional compensation as a result of the exercise by City of its full rights of ownership use, reuse, or assignment of the Documents and Materials hereunder. Any use, reuse or assignment of such completed Documents and Materials for other projects and/or use of uncompleted documents without specific written authorization by Contracting Party will be at City's sole risk and without liability to Contracting Party, and Contracting Party's guarantee and warranties shall not extend to such use, revise, or assignment. Contracting Party may retain copies of such Documents and Materials for its own use. Contracting Party shall have an unrestricted right to use the concepts embodied therein. All subcontractors shall provide for assignment to City of any Documents and Materials prepared by them, and in the event Contracting Party fails to secure such assignment, Contracting Party shall indemnify City for all damages resulting therefrom. _8 62 7.4 In the event City or any person, firm, or corporation authorized by City reuses said Documents and Materials without written verification or adaptation by Contracting Party for the specific purpose intended and causes to be made or makes any changes or alterations in said Documents and Materials, City hereby releases, discharges, and exonerates Contracting Party from liability resulting from said change. The provisions of this clause shall survive the termination or expiration of this Agreement and shall thereafter remain in full force and effect. 7.5 Licensing of Intellectual Property. This Agreement creates a non- exclusive and perpetual license for City to copy, use, modify, reuse, or sublicense any and all copyrights, designs, rights of reproduction, and other intellectual property embodied in the Documents and Materials. Contracting Party shall require all subcontractors, if any, to agree in writing that City is granted a non-exclusive and perpetual license for the Documents and Materials the subcontractor prepares under this Agreement. Contracting Party represents that Contracting Party has the legal right to license any and all of the Documents and Materials. Contracting Party makes no such representation and warranty in regard to the Documents and Materials which were prepared by design professionals other than Contracting Party or provided to Contracting Party by City. City shall not be limited in any way in its use of the Documents and Materials at any time, provided that any such use not within the purposes intended by this Agreement shall be at City's sole risk. Contracting Party shall have the right to retain copies of all Work, re -use the methodologies, techniques and know how utilized hereunder to perform services for other parties. 7.6 Release of Documents. The Documents and Materials shall not be released publicly without the prior written approval of the Contract Officer, or assigned designee, or as required by law. Contracting Party shall not disclose to any other entity or person any information regarding the activities of City, except as required by law or as authorized by City. 7.7 Confidential or Personal Identifying Information. Contracting Party covenants that all City data, data lists, trade secrets, documents with personal identifying information, documents that are not public records, draft documents, discussion notes, or other information, if any, developed or received by Contracting Party or provided for performance of this Agreement are deemed confidential and shall not be disclosed by Contracting Party to any person or entity without prior written authorization by City or unless required by law. City shall grant authorization for disclosure if required by any lawful administrative or legal proceeding, court order, or similar directive with the force of law. All City data, data lists, trade secrets, documents with personal identifying information, documents that are not public records, draft documents, discussions, or other information shall be returned to City upon the termination or expiration of this Agreement or Contracting Party shall destroy the records and share certification to that effect with the City. Contracting Party's covenant under this section shall survive the termination or expiration of this Agreement. -9 63 8. ENFORCEMENT OF AGREEMENT. 8.1 California Law. This Agreement shall be interpreted, construed, and governed both as to validity and to performance of the parties in accordance with the laws of the State of California. Legal actions concerning any dispute, claim, or matter arising out of or in relation to this Agreement shall be instituted in the Superior Court of the County of Riverside, State of California, or any other appropriate court in such county, and Contracting Party covenants and agrees to submit to the personal jurisdiction of such court in the event of such action. 8.2 Disputes. In the event of any dispute arising under this Agreement, the injured party shall notify the injuring party in writing of its contentions by submitting a claim therefore. The injured party shall continue performing its obligations hereunder so long as the injuring party commences to cure such default within ten (10) days of service of such notice and completes the cure of such default within forty-five (45) days after service of the notice, or such longer period as may be permitted by the Contract Officer, or assigned designee; provided that if the default is an immediate danger to the health, safety, or general welfare, City may take such immediate action as City deems warranted. Compliance with the provisions of this Section shall be a condition precedent to termination of this Agreement for cause and to any legal action, and such compliance shall not be a waiver of any party's right to take legal action in the event that the dispute is not cured, provided that nothing herein shall limit City's right to terminate this Agreement without cause pursuant to this Article 8.0. During the period of time that Contracting Party is in default, City shall hold all invoices and shall, when the default is cured, proceed with payment on the invoices. In the alternative, City may, in its sole discretion, elect to pay some or all of the outstanding invoices during any period of default. 8.3 Retention of Funds. City may withhold from any monies payable to Contracting Party sufficient funds to compensate City for any losses, costs, liabilities, or damages it reasonably believes were suffered by City due to the default of Contracting Party in the performance of the Services required by this Agreement. 8.4 Waiver. No delay or omission in the exercise of any right or remedy of a non -defaulting party on any default shall impair such right or remedy or be construed as a waiver. City's consent or approval of any act by Contracting Party requiring City's consent or approval shall not be deemed to waive or render unnecessary City's consent to or approval of any subsequent act of Contracting Party. Any waiver by either party of any default must be in writing and shall not be a waiver of any other default concerning the same or any other provision of this Agreement. 8.5 Rights and Remedies are Cumulative. Except with respect to rights and remedies expressly declared to be exclusive in this Agreement, the rights and remedies of the parties are cumulative and the exercise by either party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by the other party. 8.6 Legal Action. In addition to any other rights or remedies, either -10- 64 party may take legal action, at law or at equity, to cure, correct, or remedy any default, to recover damages for any default, to compel specific performance of this Agreement, to obtain declaratory or injunctive relief, or to obtain any other remedy consistent with the purposes of this Agreement. 8.7 Termination Prior To Expiration of Term. This Section shall govern any termination of this Agreement, except as specifically provided in the following Section for termination for cause. City reserves the right to terminate this Agreement at any time, with or without cause, upon thirty (30) days' written notice to Contracting Party. Upon receipt of any notice of termination, Contracting Party shall immediately cease all Services hereunder except such as may be specifically approved by the Contract Officer, or assigned designee. Contracting Party shall be entitled to compensation for all Services rendered prior to receipt of the notice of termination and for any Services authorized by the Contract Officer, or assigned designee, thereafter in accordance with the Schedule of Compensation or such as may be approved by the Contract Officer, or assigned designee, except amounts held as a retention pursuant to this Agreement. 8.8 Termination for Default of Contracting Party. If termination is due to the failure of Contracting Party to fulfill its obligations under this Agreement, Contracting Party shall vacate any City -owned property which Contracting Party is permitted to occupy hereunder and City may, after compliance with the provisions of Section 8.2, take over the Services and prosecute the same to completion by contract or otherwise, and Contracting Party shall be liable to the extent that the total cost for completion of the Services required hereunder exceeds the compensation herein stipulated (provided that City shall use reasonable efforts to mitigate such damages), and City may withhold any payments to Contracting Party for the purpose of setoff or partial payment of the amounts owed City. 8.9 Attorneys' Fees. If either party to this Agreement is required to initiate or defend or made a party to any action or proceeding in any way connected with this Agreement, the prevailing party in such action or proceeding, in addition to any other relief which may be granted, whether legal or equitable, shall be entitled to reasonable attorneys' fees; provided, however, that the attorneys' fees awarded pursuant to this Section shall not exceed the hourly rate paid by City for legal services multiplied by the reasonable number of hours spent by the prevailing party in the conduct of the litigation. Attorneys' fees shall include attorneys' fees on any appeal, and in addition a party entitled to attorneys' fees shall be entitled to all other reasonable costs for investigating such action, taking depositions and discovery, and all other necessary costs the court allows which are incurred in such litigation. All such fees shall be deemed to have accrued on commencement of such action and shall be enforceable whether or not such action is prosecuted to judgment. The court may set such fees in the same action or in a separate action brought for that purpose. 9. CITY OFFICERS AND EMPLOYEES; NONDISCRIMINATION. 9.1 Non -liability of City Officers and Employees. No officer, official, employee, agent, representative, or volunteer of City shall be personally liable to -11- 65 Contracting Party, or any successor in interest, in the event or any default or breach by City or for any amount which may become due to Contracting Party or to its successor, or for breach of any obligation of the terms of this Agreement. 9.2 Conflict of Interest. Contracting Party covenants that neither it, nor any officer or principal of it, has or shall acquire any interest, directly or indirectly, which would conflict in any manner with the interests of City or which would in any way hinder Contracting Party's performance of the Services under this Agreement. Contracting Party further covenants that in the performance of this Agreement, no person having any such interest shall be employed by it as an officer, employee, agent, or subcontractor without the express written consent of the Contract Officer, or assigned designee. Contracting Party agrees to at all times avoid conflicts of interest or the appearance of any conflicts of interest with the interests of City in the performance of this Agreement. 9.3 No officer or employee of City shall have any financial interest, direct or indirect, in this Agreement nor shall any such officer or employee participate in any decision relating to this Agreement which effects his financial interest or the financial interest of any corporation, partnership or association in which he is, directly or indirectly, interested, in violation of any State statute or regulation. Contracting Party warrants that it has not paid or given and will not pay or give any third party any money or other consideration for obtaining this Agreement. 9.4 Covenant against Discrimination. Contracting Party covenants that, by and for itself, its heirs, executors, assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of, any person or group of persons on account of any impermissible classification including, but not limited to, race, color, creed, religion, sex, marital status, sexual orientation, national origin, or ancestry in the performance of this Agreement. Contracting Party shall take affirmative action to ensure that applicants are employed and that employees are treated during employment without regard to their race, color, creed, religion, sex, marital status, sexual orientation, national origin, or ancestry. 10. MISCELLANEOUS PROVISIONS. 10.1 Notice. Any notice, demand, request, consent, approval, or communication either party desires or is required to give the other party or any other person shall be in writing and either served personally or sent by prepaid, first-class mail to the address set forth below. Either party may change its address by notifying the other party of the change of address in writing. Notice shall be deemed communicated forty- eight (48) hours from the time of mailing if mailed as provided in this Section. -12- 66 To City: CITY OF LA QUINTA Attention: Bryan McKinney, PE, 78495 Calle Tampico La Quinta, California 92253 To Contracting Party: TY LIN INTERNATIONAL Nathan Hicks, PE, SE 404 Camino del Rio South, Ste 700 San Diego, CA 92108 10.2 Interpretation. The terms of this Agreement shall be construed in accordance with the meaning of the language used and shall not be construed for or against either party by reason of the authorship of this Agreement or any other rule of construction which might otherwise apply. 10.3 Section Headings and Subheadings. The section headings and subheadings contained in this Agreement are included for convenience only and shall not limit or otherwise affect the terms of this Agreement. 10.4 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, and such counterparts shall constitute one and the same instrument. 10.5 Integrated Agreement. This Agreement including the exhibits hereto is the entire, complete, and exclusive expression of the understanding of the parties. It is understood that there are no oral agreements between the parties hereto affecting this Agreement and this Agreement supersedes and cancels any and all previous negotiations, arrangements, agreements, and understandings, if any, between the parties, and none shall be used to interpret this Agreement. 10.6 Amendment. No amendment to or modification of this Agreement shall be valid unless made in writing and approved by Contracting Party and by the City Council of City. The parties agree that this requirement for written modifications cannot be waived and that any attempted waiver shall be void. 10.7 Severability. In the event that any one or more of the articles, phrases, sentences, clauses, paragraphs, or sections contained in this Agreement shall be declared invalid or unenforceable, such invalidity or unenforceability shall not affect any of the remaining articles, phrases, sentences, clauses, paragraphs, or sections of this Agreement which are hereby declared as severable and shall be interpreted to carry out the intent of the parties hereunder unless the invalid provision is so material that its invalidity deprives either party of the basic benefit of their bargain or renders this Agreement meaningless. 10.8 Unfair Business Practices Claims. In entering into this Agreement, Contracting Party offers and agrees to assign to City all rights, title, and interest in and to all causes of action it may have under Section 4 of the Clayton Act (15 U.S.C. § 15) or under the Cartwright Act (Chapter 2, (commencing with Section 16700) of Part 2 of Division 7 of the Business and Professions Code), arising from purchases of goods, services, or materials related to this Agreement. This assignment shall be made and -13- 67 become effective at the time City renders final payment to Contracting Party without further acknowledgment of the parties. 10.9 No Third -Party Beneficiaries. With the exception of the specific provisions set forth in this Agreement, there are no intended third -party beneficiaries under this Agreement and no such other third parties shall have any rights or obligations hereunder. 10.10 Authority. The persons executing this Agreement on behalf of each of the parties hereto represent and warrant that (i) such party is duly organized and existing, they are duly authorized to execute and deliver this Agreement on behalf of said party, by so executing this Agreement, such party is formally bound to the provisions of this Agreement, and (iv) that entering into this Agreement does not violate any provision of any other Agreement to which said party is bound. This Agreement shall be binding upon the heirs, executors, administrators, successors, and assigns of the parties. [SIGNATURES ON FOLLOWING PAGE] -14- 68 IN WITNESS WHEREOF, the parties have executed this Agreement as of the dates stated below. CITY OF LA QUINTA, a California Municipal Corporation JON McMILLEN, City Manager City of La Quinta, California Dated: ATTEST: MONIKA RADEVA, City Clerk City of La Quinta, California APPROVED AS TO FORM: WILLIAM H. IHRKE, City Attorney City of La Quinta, California CONTRACTING PARTY: By: Name: Title: By: Name: Title: -15- 69 Exhibit A Scope of Services Services to be Provided: Based on our conversations and provided documentation we understand that the Lumber Yard its a two-story building that was built in 1935. It is evened by the City and is about 3,360 gross square feet including both floors. There is currently a connecting corridor and storage building that are not included in the scope of work as they will be demolished. A Master Plan was recently completed that intends to incorporate the museum property, Lumber Yard property and a vacant parcel for a new Cultural Campus. The purpose of the current scope of work is to conduct a seismic and structural evaluation of the City owned Lumber Yard Building to identify potential risk and vulnerabilities that may exist and to provide recommendations or options for mitigating these risk to meet current building standards. Per conversations the scope of services has been divided up into a limited base scope of work and then add -alternates should the City find that further investigations are warranted. Base Scope Initial Structural Assessment Stricturaf Investigation&Condition Assessment Survey— TYLin will perform an investigation to identify the structural systems of the existing building and to evaluate the suitability the existing conditions. A review of available documents will be followed by a visual surrey of the odsdng building and its surrounding. A visual survey of accessible elements will be conducted to characterize the structural components and materials, and to, establish condition and acceptability of major stru ctura I building elements. Evidence of previous modifications, material deterioration, deficiencies in structural members or connections, settlement or foundation problems, or unusual structural features will be noted. Structurat Analyyis - A building code live load review and floor load capacity analysis will be performed to verify the capacity of the existing floor structures and bearing elements. TYLin will perform the structural analysis necessary to verify the as-buifk building structure's ability to accommodate the proposed new use of the building. In additian, we will perform a very preliminary seismic analysis to identify, at a high-level, elements that may present a life safety risk during a design level earthquake. Structuruf CodeAnatysis —TYLin %WWII do a code structure of the California Building Code (including Section 304) to identify relevant code sections from a structural perspective. We will identify various code triggers for both gravity and lateral — along with presenting loading parameters applica bl e to the building for live loads, wind loads, and seismic loads, Structuruf Report& Recommendations — lYLinvrill prepare a structural report including the findings of the above effort. Photographs and possibly sketcheswill be used to describe the findings of our assessment. Prioritized recommendabonswwill be made regarding structural retrofit wworkthat is required to bring the building into code compliance. The report will summarize necessary stabilization, repair, replacement, and/or reinforcement of noted structural or non-structural building elements necessary to keep the structure as park of the new Cultural Campus, These recomrrtiendations should help the City better understand the if the building warrants further investigation or if demolitionjreconstruction is the preferred approach. Final report will be signed and sealed. Exhibit A Page 1 of 10 70 Potential Future Add -Alternates Tier 1 &2 Seisinic Assessment Ff the City determines that further investigation is warranted TYLin can perform a Tier land 2 seismic assessments of the building using the ASCE 41 "Seismic Evaluation and Retrofit of Existing Buildingsy. In Tier 1 there are a series of checklists that identify potential non- compliant elements. For those items a more in-depth analysis is performed along with some computer modeling of the building to better understand behavior and what structural and non-structural elements require retrofit. The ASCE 41 is a performance -based standard, which means that in consultation with the owner the structural engineer pairs seismic haaardswith desired performance levels (collapse prevention, life safety, immediate occupancy, etc,). Geotech n ical Investigation TYLin can help to define and administer a geotechnicaI investigation if one has not already been completed for the site. This could be helpful in refining the seismic parameters for the project and also estabiishing things like the allowable soil bearing pressure and the lateral earth pressure that should be used on the site for the. future work envisioned in the tulaster Plan, The geotechnical consultant is typically contracted directly by the City. Probes, Non -Destructive Testing & Materials Tests If warranted, TYUn can 40pto define and administer a Limited program of probes, non- destructive testi ng and materials tests as required to help address unknowns or refine assumptions. The work would be done by others, either as a contractor under TYUn, or directly tr the City. TYLin can meet with the City to discuss proposed modifications and future uses of the Lumber Yard as outlined in the Master Plan and perform a feasibility study of how these building modifications impact the structure. Alternative structural solutions will be developed as appropriate, As part of this work TYUn can engage a cost -estimator to start understanding the rough order of magnitude of various options such as a structural retrofit compared to a full demD/rebuild. The final report will provide feasibility and cost analysis of potential building upgrades and improvements compared to new construction. It will also provide long-term feasibility and upgrade potential to guide the City for space, facility, and community planning. TYLin will prepare a exhibit level drawings on proposed m.adifications to the building and prepare cost estimates for proposed work including a estimate to replace the building. tt is anticipated that there may be at least three options for the proposed work with corresponding estimates. Design Phase TYLin will perform required limited structural analysis to determine loading requirements for reinforced concrete slab to be repaired and to serve as basis for repair details. Repair recommendations for the deteriorated underside of slab area will be provided. TYLin will develop scale plans graphically depicting structural elements. Drawings will include general and structural notes. Exhibit A Page 2 of 10 71 ASSUMPTIONS The following assumptions apply to our scope of work. — Engineering services, for this initial phase will be completed no more than two months after contract authorization. — Except where noted above, the project does not include the structural design or documentation of landscape or site structures outside the footprint of the building such as retaining walls, pergolas, water features, sidewalk vaults, or storm water detention structures. — Significant scope changes shall be an additional service for which TYLin shall be reasonably compensated. EKLUSIONS The following exclusions apply to TYUn's scope of services: — Code consulting — Special inspections — Laboratory testi ng — Cast estimating — Geotechnical engineering and borings — Expediting services — Labor for making or patching probes — Value -engineering work based on market forces beyond our control — Any services riot expressly detailed in this proposal are excluded and would be considered additional services. Exhibit A Page 3 of 10 72 ADDENDUM TO AGREEMENT Re: Scope of Services If the Scope of Services include construction, alteration, demolition, installation, repair, or maintenance affecting real property or structures or improvements of any kind appurtenant to real property, the following apply: 1. Prevailing Wage Compliance. If Contracting Party is a contractor performing public works and maintenance projects, as described in this Section 1.3, Contracting Party shall comply with applicable Federal, State, and local laws. Contracting Party is aware of the requirements of California Labor Code Sections 1720, et seq., and 1770, et seq., as well as California Code of Regulations, Title 8, Sections 16000, et seq., (collectively, the "Prevailing Wage Laws"), and La Quinta Municipal Code Section 3.12.040, which require the payment of prevailing wage rates and the performance of other requirements on "Public works" and "Maintenance" projects. If the Services are being performed as part of an applicable "Public works" or "Maintenance" project, as defined by the Prevailing Wage Laws, and if construction work over twenty- five thousand dollars ($25,000.00) and/or alterations, demolition, repair or maintenance work over fifteen thousand dollars ($15,000.00) is entered into or extended on or after January 1, 2015 by this Agreement„ Contracting Party agrees to fully comply with such Prevailing Wage Laws including, but not limited to, requirements related to the maintenance of payroll records and the employment of apprentices. Pursuant to California Labor Code Section 1725.5, no contractor or subcontractor may be awarded a contract for public work on a "Public works" project unless registered with the California Department of Industrial Relations ("DIR") at the time the contract is awarded. If the Services are being performed as part of an applicable "Public works" or "Maintenance" project, as defined by the Prevailing Wage Laws, this project is subject to compliance monitoring and enforcement by the DIR. Contracting Party will maintain and will require all subcontractors to maintain valid and current DIR Public Works contractor registration during the term of this Agreement. Contracting Party shall notify City in writing immediately, and in no case more than twenty- four (24) hours, after receiving any information that Contracting Party's or any of its subcontractor's DIR registration status has been suspended, revoked, expired, or otherwise changed. It is understood that it is the responsibility of Contracting Party to determine the correct salary scale. Contracting Party shall make copies of the prevailing rates of per diem wages for each craft, classification, or type of worker needed to execute the Services available to interested parties upon request, and shall post copies at Contracting Party's principal place of business and at the project site, if any. The statutory penalties for failure to pay prevailing wage or to comply with State wage and hour laws will be enforced. Contracting Party must forfeit to City TWENTY FIVE DOLLARS ($25.00) per day for each worker who works in excess of the minimum working hours when Contracting Party does not pay overtime. In accordance with the provisions of Labor Code Sections 1810 et seq., eight (8) hours is the legal working day. Contracting Party also shall comply with State law requirements to maintain payroll records and shall provide for certified records and inspection of records as required by California Labor Code Section 1770 et seq., including Section 1776. In addition to the other indemnities provided under this Agreement, Contracting Party shall defend (with counsel selected by City), indemnify, Exhibit A Page 4 of 10 73 and hold City, its elected officials, officers, employees, and agents free and harmless from any claim or liability arising out of any failure or alleged failure to comply with the Prevailing Wage Laws. It is agreed by the parties that, in connection with performance of the Services, including, without limitation, any and all "Public works" (as defined by the Prevailing Wage Laws), Contracting Party shall bear all risks of payment or non-payment of prevailing wages under California law and/or the implementation of Labor Code Section 1781, as the same may be amended from time to time, and/or any other similar law. Contracting Party acknowledges and agrees that it shall be independently responsible for reviewing the applicable laws and regulations and effectuating compliance with such laws. Contracting Party shall require the same of all subcontractors. 2. Retention. Payments shall be made in accordance with the provisions of Article 2.0 of the Agreement. In accordance with said Sections, City shall pay Contracting Party a sum based upon ninety-five percent (95%) of the Contract Sum apportionment of the labor and materials incorporated into the Services under this Agreement during the month covered by said invoice. The remaining five percent (5%) thereof shall be retained as performance security to be paid to Contracting Party within sixty (60) days after final acceptance of the Services by the City Council of City, after Contracting Party has furnished City with a full release of all undisputed payments under this Agreement, if required by City. In the event there are any claims specifically excluded by Contracting Party from the operation of the release, City may retain proceeds (per Public Contract Code § 7107) of up to one hundred fifty percent (150%) of the amount in dispute. City's failure to deduct or withhold shall not affect Contracting Party's obligations under the Agreement. 3. Utility Relocation. City is responsible for removal, relocation, or protection of existing main or trunkline utilities to the extent such utilities were not identified in the invitation for bids or specifications. City shall reimburse Contracting Party for any costs incurred in locating, repairing damage not caused by Contracting Party, and removing or relocating such unidentified utility facilities. Contracting Party shall not be assessed liquidated damages for delay arising from the removal or relocation of such unidentified utility facilities. 4. Trenches or Excavations. Pursuant to California Public Contract Code Section 7104, in the event the work included in this Agreement requires excavations more than four (4) feet in depth, the following shall apply: (a) Contracting Party shall promptly, and before the following conditions are disturbed, notify City, in writing, of any: (1) material that Contracting Party believes may be material that is hazardous waste, as defined in Section 25117 of the Health and Safety Code, that is required to be removed to a Class I, Class II, or Class I II disposal site in accordance with provisions of existing law; (2) subsurface or latent physical conditions at the site different from those indicated by information about the site made available to bidders prior to the deadline for submitting bids; or (3) unknown physical conditions at the site of any unusual nature, different materially from those ordinarily Exhibit A Page 5 of 10 74 encountered and generally recognized as inherent in work of the character provided for in the Agreement. (b) City shall promptly investigate the conditions, and if it finds that the conditions do materially so differ, or do involve hazardous waste, and cause a decrease or increase in Contracting Party's cost of, or the time required for, performance of any part of the work shall issue a change order per Section 1.8 of the Agreement. (c) in the event that a dispute arises between City and Contracting Party whether the conditions materially differ, or involve hazardous waste, or cause a decrease or increase in Contracting Party's cost of, or time required for, performance of any part of the work, Contracting Party shall not be excused from any scheduled completion date provided for by this Agreement, but shall proceed with all work to be performed under this Agreement. Contracting Party shall retain any and all rights provided either by contract or by law which pertain to the resolution of disputes and protests between the contracting Parties. 5. Safety. Contracting Party shall execute and maintain its work so as to avoid injury or damage to any person or property. In carrying out the Services, Contracting Party shall at all times be in compliance with all applicable local, state, and federal laws, rules and regulations, and shall exercise all necessary precautions for the safety of employees appropriate to the nature of the work and the conditions under which the work is to be performed. Safety precautions as applicable shall include, but shall not be limited to: (A) adequate life protection and lifesaving equipment and procedures; (B) instructions in accident prevention for all employees and subcontractors, such as safe walkways, scaffolds, fall protection ladders, bridges, gang planks, confined space procedures, trenching and shoring, equipment and other safety devices, equipment and wearing apparel as are necessary or lawfully required to prevent accidents or injuries; and (C) adequate facilities for the proper inspection and maintenance of all safety measures. 6. Prevailing Wage Compliance. If Contracting Party is a contractor performing public works and maintenance projects, as described in this Section 1.3, Contracting Party shall comply with applicable Federal, State, and local laws. Contracting Party is aware of the requirements of California Labor Code Sections 1720, et seq., and 1770, et seq., as well as California Code of Regulations, Title 8, Sections 16000, et seq., (collectively, the "Prevailing Wage Laws"), and La Quinta Municipal Code Section 3.12.040, which require the payment of prevailing wage rates and the performance of other requirements on "Public works" and "Maintenance" projects. If the Services are being performed as part of an applicable "Public works" or "Maintenance" project, as defined by the Prevailing Wage Laws, and if construction work over twenty-five thousand dollars ($25,000.00) and/or alterations, demolition, repair or maintenance work over fifteen thousand dollars ($15,000.00) is entered into or extended on or after January 1, 2015 by this Agreement, Contracting Party agrees to fully comply with such Prevailing Wage Laws including, but not limited to, requirements related to the maintenance of payroll records and the employment of apprentices. Pursuant to California Labor Code Section 1725.5, no Exhibit A Page 6 of 10 75 contractor or subcontractor may be awarded a contract for public work on a "Public works" project unless registered with the California Department of Industrial Relations ("DIR") at the time the contract is awarded. If the Services are being performed as part of an applicable "Public works" or "Maintenance" project, as defined by the Prevailing Wage Laws, this project is subject to compliance monitoring and enforcement by the DIR. Contracting Party will maintain and will require all subcontractors to maintain valid and current DIR Public Works contractor registration during the term of this Agreement. Contracting Party shall notify City in writing immediately, and in no case more than twenty- four (24) hours, after receiving any information that Contracting Party's or any of its subcontractor's DIR registration status has been suspended, revoked, expired, or otherwise changed. It is understood that it is the responsibility of Contracting Party to determine the correct salary scale. Contracting Party shall make copies of the prevailing rates of per diem wages for each craft, classification, or type of worker needed to execute the Services available to interested parties upon request, and shall post copies at Contracting Party's principal place of business and at the project site, if any. The statutory penalties for failure to pay prevailing wage or to comply with State wage and hour laws will be enforced. Contracting Party must forfeit to City TWENTY-FIVE DOLLARS ($25.00) per day for each worker who works in excess of the minimum working hours when Contracting Party does not pay overtime. In accordance with the provisions of Labor Code Sections 1810 et seq., eight (8) hours is the legal working day. Contracting Party also shall comply with State law requirements to maintain payroll records and shall provide for certified records and inspection of records as required by California Labor Code Section 1770 et seq., including Section 1776. In addition to the other indemnities provided under this Agreement, Contracting Party shall defend (with counsel selected by City), indemnify, and hold City, its elected officials, officers, employees, and agents free and harmless from any claim or liability arising out of any failure or alleged failure to comply with the Prevailing Wage Laws. It is agreed by the parties that, in connection with performance of the Services, including, without limitation, any and all "Public works" (as defined by the Prevailing Wage Laws), Contracting Party shall bear all risks of payment or non-payment of prevailing wages under California law and/or the implementation of Labor Code Section 1781, as the same may be amended from time to time, and/or any other similar law. Contracting Party acknowledges and agrees that it shall be independently responsible for reviewing the applicable laws and regulations and effectuating compliance with such laws. Contracting Party shall require the same of all subcontractors. 7. Retention. Payments shall be made in accordance with the provisions of Article 2.0 of the Agreement. In accordance with said Sections, City shall pay Contracting Party a sum based upon ninety-five percent (95%) of the Contract Sum apportionment of the labor and materials incorporated into the Services under this Agreement during the month covered by said invoice. The remaining five percent (5%) thereof shall be retained as performance security to be paid to Contracting Party within sixty (60) days after final acceptance of the Services by the City Council of City, after Contracting Party has furnished City with a full release of all undisputed payments under this Agreement, if required by City. In the event there are any claims specifically excluded by Contracting Party from the operation of the release, City may retain proceeds (per Public Contract Code § 7107) of up to one hundred fifty percent (150%) of the amount in dispute. City's failure to deduct or withhold shall not affect Contracting Party's obligations under the Exhibit A Page 7 of 10 76 Agreement. 8. Utility Relocation. City is responsible for removal, relocation, or protection of existing main or trunk -line utilities to the extent such utilities were not identified in the invitation for bids or specifications. City shall reimburse Contracting Party for any costs incurred in locating, repairing damage not caused by Contracting Party, and removing or relocating such unidentified utility facilities. Contracting Party shall not be assessed liquidated damages for delay arising from the removal or relocation of such unidentified utility facilities. 9. Trenches or Excavations. Pursuant to California Public Contract Code Section 7104, in the event the work included in this Agreement requires excavations more than four (4) feet in depth, the following shall apply: (a) Contracting Party shall promptly, and before the following conditions are disturbed, notify City, in writing, of any: (1) material that Contracting Party believes may be material that is hazardous waste, as defined in Section 25117 of the Health and Safety Code, that is required to be removed to a Class I, Class II, or Class I II disposal site in accordance with provisions of existing law; (2) subsurface or latent physical conditions at the site different from those indicated by information about the site made available to bidders prior to the deadline for submitting bids; or (3) unknown physical conditions at the site of any unusual nature, different materially from those ordinarily encountered and generally recognized as inherent in work of the character provided for in the Agreement. (b) City shall promptly investigate the conditions, and if it finds that the conditions do materially so differ, or do involve hazardous waste, and cause a decrease or increase in Contracting Party's cost of, or the time required for, performance of any part of the work shall issue a change order per Section 1.8 of the Agreement. (c) in the event that a dispute arises between City and Contracting Party whether the conditions materially differ, or involve hazardous waste, or cause a decrease or increase in Contracting Party's cost of, or time required for, performance of any part of the work, Contracting Party shall not be excused from any scheduled completion date provided for by this Agreement, but shall proceed with all work to be performed under this Agreement. Contracting Party shall retain any and all rights provided either by contract or by law which pertain to the resolution of disputes and protests between the contracting Parties. 10. Safety. Contracting Party shall execute and maintain its work so as to avoid injury or damage to any person or property. In carrying out the Services, Contracting Party shall at all times be in compliance with all applicable local, state, and federal laws, rules and regulations, and shall exercise all necessary precautions for the safety of employees Exhibit A Page 8 of 10 77 appropriate to the nature of the work and the conditions under which the work is to be performed. Safety precautions as applicable shall include, but shall not be limited to: (A) adequate life protection and lifesaving equipment and procedures; (B) instructions in accident prevention for all employees and subcontractors, such as safe walkways, scaffolds, fall protection ladders, bridges, gang planks, confined space procedures, trenching and shoring, equipment and other safety devices, equipment and wearing apparel as are necessary or lawfully required to prevent accidents or injuries; and C) adequate facilities for the proper inspection and maintenance of all safety measures. Exhibit A Page 9 of 10 78 Exhibit B Schedule of Compensation With the exception of compensation for Additional Services, provided for in Section 2.4 of this Agreement, the maximum total compensation to be paid to Contracting Party under this Agreement is not to exceed Twenty -Five Thousand Dollars ($ 25,000) ("Contract Sum"). The Contract Sum shall be paid to Contracting Party in installment payments made on a monthly basis and in an amount identified in Contracting Party's schedule of compensation attached hereto for the work tasks performed and properly invoiced by Contracting Party in conformance with Section 2.2 of this Agreement. Exhibit B Page 1 of 1 79 Exhibit C Schedule of Performance Contracting Party shall complete all services identified in the Scope of Services, Exhibit A of this Agreement. Contracting Party shall perform the initial structural assessment and issue a draft report for City review within six (6) weeks of notice to proceed. Exhibit C Page 1 of 1 :I N/A Exhibit D Special Requirements Exhibit D Page 1 of 1 81 Exhibit E Insurance Requirements E.1 Insurance. Prior to the beginning of and throughout the duration of this Agreement, the following policies shall be maintained and kept in full force and effect providing insurance with minimum limits as indicated below and issued by insurers with A.M. Best ratings of no less than A -VI: Commercial General Liability (at least as broad as ISO CG 0001) $1,000,000 (per occurrence) $2,000,000 (general aggregate) Must include the following endorsements: General Liability Additional Insured General Liability Primary and Non-contributory Commercial Auto Liability (at least as broad as ISO CA 0001) $1,000,000 (per accident) Auto Liability Additional Insured Personal Auto Declaration Page if applicable Workers' Compensation (per statutory requirements) Must include the following endorsements: Workers Compensation with Waiver of Subrogation Workers Compensation Declaration of Sole Proprietor if applicable Contracting Party shall procure and maintain, at its cost, and submit concurrently with its execution of this Agreement, Commercial General Liability insurance against all claims for injuries against persons or damages to property resulting from Contracting Party's acts or omissions rising out of or related to Contracting Party's performance under this Agreement. The insurance policy shall contain a severability of interest clause providing that the coverage shall be primary for losses arising out of Contracting Party's performance hereunder and neither City nor its insurers shall be required to contribute to any such loss. An endorsement evidencing the foregoing and naming the City and its officers and employees as additional insured (on the Commercial General Liability policy only) must be submitted concurrently with the execution of this Agreement and approved by City prior to commencement of the services hereunder. Contracting Party shall carry automobile liability insurance of $1,000,000 per accident against all claims for injuries against persons or damages to property arising out of the use of any automobile by Contracting Party, its officers, any person directly or indirectly employed by Contracting Party, any subcontractor or agent, or anyone for whose acts any of them may be liable, arising directly or indirectly out of or related to Contracting Party's performance under this Agreement. If Contracting Party or Contracting Party's employees will use personal autos in any way on this project, Contracting Party shall provide evidence of personal auto liability coverage for each such person. The term Exhibit E Page 1 of 5 82 "automobile" includes, but is not limited to, a land motor vehicle, trailer or semi -trailer designed for travel on public roads. The automobile insurance policy shall contain a severability of interest clause providing that coverage shall be primary for losses arising out of Contracting Party's performance hereunder and neither City nor its insurers shall be required to contribute to such loss. Contracting Party shall carry Workers' Compensation Insurance in accordance with State Worker's Compensation laws with employer's liability limits no less than $1,000,000 per accident or disease. Contracting Party shall provide written notice to City within ten (10) working days if: (1) any of the required insurance policies is terminated; (2) the limits of any of the required polices are reduced; or (3) the deductible or self -insured retention is increased. In the event any of said policies of insurance are cancelled, Contracting Party shall, prior to the cancellation date, submit new evidence of insurance in conformance with this Exhibit to the Contract Officer. The procuring of such insurance or the delivery of policies or certificates evidencing the same shall not be construed as a limitation of Contracting Party's obligation to indemnify City, its officers, employees, contractors, subcontractors, or agents. E.2 Remedies. In addition to any other remedies City may have if Contracting Party fails to provide or maintain any insurance policies or policy endorsements to the extent and within the time herein required, City may, at its sole option: a. Obtain such insurance and deduct and retain the amount of the premiums for such insurance from any sums due under this Agreement. b. Order Contracting Party to stop work under this Agreement and/or withhold any payment(s) which become due to Contracting Party hereunder until Contracting Party demonstrates compliance with the requirements hereof. C. Terminate this Agreement. Exercise any of the above remedies, however, is an alternative to any other remedies City may have. The above remedies are not the exclusive remedies for Contracting Party's failure to maintain or secure appropriate policies or endorsements. Nothing herein contained shall be construed as limiting in any way the extent to which Contracting Party may be held responsible for payments of damages to persons or property resulting from Contracting Party's or its subcontractors' performance of work under this Agreement. E.3 General Conditions Pertaining to Provisions of Insurance Coverage by Contracting Party. Contracting Party and City agree to the following with respect to insurance provided by Contracting Party: Contracting Party agrees to have its insurer endorse the third party general liability Exhibit E Page 2 of 5 83 coverage required herein to include as additional insureds City, its officials, employees, and agents, using standard ISO endorsement No. CG 2010 with an edition prior to 1992. Contracting Party also agrees to require all contractors, and subcontractors to do likewise. 2. No liability insurance coverage provided to complywith this Agreement shall prohibit Contracting Party, or Contracting Party's employees, or agents, from waiving the right of subrogation prior to a loss. Contracting Party agrees to waive subrogation rights against City regardless of the applicability of any insurance proceeds, and to require all contractors and subcontractors to do likewise. 3. All insurance coverage and limits provided by Contracting Party and available or applicable to this Agreement are intended to apply to the full extent of the policies. Nothing contained in this Agreement or any other agreement relating to City or its operations limits the application of such insurance coverage. 4. None of the coverages required herein will be in compliance with these requirements if they include any limiting endorsement of any kind that has not been first submitted to City and approved of in writing. 5. No liability policy shall contain any provision or definition that would serve to eliminate so-called "third party action over" claims, including any exclusion for bodily injury to an employee of the insured or of any contractor or subcontractor. 6. All coverage types and limits required are subject to approval, modification and additional requirements by the City, as the need arises. Contracting Party shall not make any reductions in scope of coverage (e.g. elimination of contractual liability or reduction of discovery period) that may affect City's protection without City's prior written consent. 7. Proof of compliance with these insurance requirements, consisting of certificates of insurance evidencing all the coverages required and an additional insured endorsement to Contracting Party's general liability policy, shall be delivered to City at or prior to the execution of this Agreement. In the event such proof of any insurance is not delivered as required, or in the event such insurance is canceled at any time and no replacement coverage is provided, City has the right, but not the duty, to obtain any insurance it deems necessary to protect its interests under this or any other agreement and to pay the premium. Any premium so paid by City shall be charged to and promptly paid by Contracting Party or deducted from sums due Contracting Party, at City option. 8. It is acknowledged by the parties of this agreement that all insurance coverage required to be provided by Contracting Party or any subcontractor, is intended to apply first and on a primary, non-contributing basis in relation to any other insurance or self-insurance available to City. 9. Contracting Party agrees to ensure that subcontractors, and any other party involved with the project that is brought onto or involved in the project by Exhibit E Page 3 of 5 84 Contracting Party, provide the same minimum insurance coverage required of Contracting Party. Contracting Party agrees to monitor and review all such coverage and assumes all responsibility for ensuring that such coverage is provided in conformity with the requirements of this section. Contracting Party agrees that upon request, all agreements with subcontractors and others engaged in the project will be submitted to City for review. 10. Contracting Party agrees not to self -insure or to use any self -insured retentions or deductibles on any portion of the insurance required herein (with the exception of professional liability coverage, if required) and further agrees that it will not allow any contractor, subcontractor, Architect, Engineer or other entity or person in any way involved in the performance of work on the project contemplated by this agreement to self -insure its obligations to City. If Contracting Party's existing coverage includes a deductible or self -insured retention, the deductible or self - insured retention must be declared to the City. At that time the City shall review options with the Contracting Party, which may include reduction or elimination of the deductible or self -insured retention, substitution of other coverage, or other solutions. 11. The City reserves the right at any time during the term of this Agreement to change the amounts and types of insurance required by giving the Contracting Party ninety (90) days advance written notice of such change. If such change results in substantial additional cost to the Contracting Party, the City will negotiate additional compensation proportional to the increased benefit to City. 12. For purposes of applying insurance coverage only, this Agreement will be deemed to have been executed immediately upon any party hereto taking any steps that can be deemed to be in furtherance of or towards performance of this Agreement. 13. Contracting Party acknowledges and agrees that any actual or alleged failure on the part of City to inform Contracting Party of non-compliance with any insurance requirement in no way imposes any additional obligations on City nor does it waive any rights hereunder in this or any other regard. 14. Contracting Party will renew the required coverage annually as long as City, or its employees or agents face an exposure from operations of any type pursuant to this agreement. This obligation applies whether the agreement is canceled or terminated for any reason. Termination of this obligation is not effective until City executes a written statement to that effect. 15. Contracting Party shall provide proof that policies of insurance required herein expiring during the term of this Agreement have been renewed or replaced with other policies providing at least the same coverage. Proof that such coverage has been ordered shall be submitted prior to expiration. A coverage binder or letter from Contracting Party's insurance agent to this effect is acceptable. A certificate of insurance and an additional insured endorsement is required in these specifications applicable to the renewing or new coverage must be provided to City Exhibit E Page 4 of 5 85 within five (5) days of the expiration of coverages. 16. The provisions of any workers' compensation or similar act will not limit the obligations of Contracting Party under this agreement. Contracting Party expressly agrees not to use any statutory immunity defenses under such laws with respect to City, its employees, officials, and agents. 17. Requirements of specific coverage features, or limits contained in this section are not intended as limitations on coverage, limits or other requirements nor as a waiver of any coverage normally provided by any given policy. Specific reference to a given coverage feature is for purposes of clarification only as it pertains to a given issue and is not intended by any party or insured to be limiting or all-inclusive. 18. These insurance requirements are intended to be separate and distinct from any other provision in this Agreement and are intended by the parties here to be interpreted as such. 19. The requirements in this Exhibit supersede all other sections and provisions of this Agreement to the extent that any other section or provision conflicts with or impairs the provisions of this Exhibit. 20. Contracting Party agrees to be responsible for ensuring that no contract used by any party involved in any way with the project reserves the right to charge City or Contracting Party for the cost of additional insurance coverage required by this agreement. Any such provisions are to be deleted with reference to City. It is not the intent of City to reimburse any third party for the cost of complying with these requirements. There shall be no recourse against City for payment of premiums or other amounts with respect thereto. 21. Contracting Party agrees to provide immediate notice to City of any claim or loss against Contracting Party arising out of the work performed under this agreement. City assumes no obligation or liability by such notice, but has the right (but not the duty) to monitor the handling of any such claim or claims if they are likely to involve City. Exhibit E Page 5 of 5 86 Exhibit F Indemnification EA Indemnitv for the Benefit of C a. Indemnification for Professional Liability. When the law establishes a professional standard of care for Contracting Party's Services, to the fullest extent permitted by law, Contracting Party shall indemnify, protect, defend (with counsel selected by City), and hold harmless City and any and all of its officials, employees, NAI Consulting, and Rutan & Tucker LLP ("Indemnified Parties") from and against any and all claims, losses, liabilities of every kind, nature, and description, damages, injury (including, without limitation, injury to or death of an employee of Contracting Party or of any subcontractor), costs and expenses of any kind, whether actual, alleged or threatened, including, without limitation, incidental and consequential damages, court costs, attorneys' fees, litigation expenses, and fees of expert consultants or expert witnesses incurred in connection therewith and costs of investigation, to the extent same are caused in whole or in part by any negligent or wrongful act, error or omission of Contracting Party, its officers, agents, employees or subcontractors (or any entity or individual that Contracting Party shall bear the legal liability thereof) in the performance of professional services under this agreement. With respect to the design of public improvements, the Contracting Party shall not be liable for any injuries or property damage resulting from the reuse of the design at a location other than that specified in Exhibit A without the written consent of the Contracting Party. b. Indemnification for Other Than Professional Liability. Other than in the performance of professional services and to the full extent permitted by law, Contracting Party shall indemnify, defend (with counsel selected by City), and hold harmless the Indemnified Parties from and against any liability (including liability for claims, suits, actions, arbitration proceedings, administrative proceedings, regulatory proceedings, losses, expenses or costs of any kind, whether actual, alleged or threatened, including, without limitation, incidental and consequential damages, court costs, attorneys' fees, litigation expenses, and fees of expert consultants or expert witnesses) incurred in connection therewith and costs of investigation, where the same arise out of, are a consequence of, or are in any way attributable to, in whole or in part, the performance of this Agreement by Contracting Party or by any individual or entity for which Contracting Party is legally liable, including but not limited to officers, agents, employees, or subcontractors of Contracting Party. C. Indemnity Provisions for Contracts Related to Construction (Limitation on Indemnity). Without affecting the rights of City under any provision of this agreement, Contracting Party shall not be required to indemnify and hold harmless City for liability attributable to the active negligence of City, provided such active negligence is determined by agreement between the parties or by 698/015610-0002 20568569.2 a05/31/24 87 the findings of a court of competent jurisdiction. In instances where City is shown to have been actively negligent and where City's active negligence accounts for only a percentage of the liability involved, the obligation of Contracting Party will be for that entire portion or percentage of liability not attributable to the active negligence of City. d. Indemnification Provision for Design Professionals. 1. Applicability of this Section F.1(d). Notwithstanding Section F.1(a) hereinabove, the following indemnification provision shall apply to a Contracting Party who constitutes a "design professional" as the term is defined in paragraph 3 below. 2. Scope of Indemnification. When the law establishes a professional standard of care for Contracting Party's Services, to the fullest extent permitted by law, Contracting Party shall indemnify and hold harmless City and any and all of its officials, employees, NAI Consulting, and Rutan & Tucker LLP ("Indemnified Parties") from and against any and all losses, liabilities of every kind, nature, and description, damages, injury (including, without limitation, injury to or death of an employee of Contracting Party or of any subcontractor), costs and expenses, including, without limitation, incidental and consequential damages, court costs, reimbursement of attorneys' fees, litigation expenses, and fees of expert consultants or expert witnesses incurred in connection therewith and costs of investigation, to the extent same are caused by any negligent or wrongful act, error or omission of Contracting Party, its officers, agents, employees or subcontractors (or any entity or individual that Contracting Party shall bear the legal liability thereof) in the performance of professional services under this agreement. With respect to the design of public improvements, the Contracting Party shall not be liable for any injuries or property damage resulting from the reuse of the design at a location other than that specified in Exhibit A without the written consent of the Contracting Party. 3. Design Professional Defined. As used in this Section F.1(d), the term "design professional" shall be limited to licensed architects, registered professional engineers, licensed professional land surveyors and landscape architects, all as defined under current law, and as may be amended from time to time by Civil Code § 2782.8. E.5 Obligation to Secure Indemnification Provisions. Contracting Party agrees to obtain executed indemnity agreements with provisions identical to those set forth herein this Exhibit F, as applicable to the Contracting Party, from each and every subcontractor or any other person or entity involved by, for, with or on behalf of Contracting Party in the performance of this Agreement. In the event Contracting Party fails to obtain such indemnity obligations from others as required herein, Contracting Party agrees to be fully responsible according to the terms of this Exhibit. Failure of City to monitor compliance with these requirements imposes no additional obligations on City and will in no way act as a waiver of any rights hereunder. This obligation to indemnify 698/015610-0002 20568569.2 a05/31/24 '2' and defend City as set forth in this Agreement are binding on the successors, assigns or heirs of Contracting Party and shall survive the termination of this Agreement. 698/015610-0002 20568569.2 a05/31/24 -3- 89 .o CONSENT CALENDAR ITEM NO. 4 City of La Quinta CITY COUNCIL MEE I INC3: June 4, 2024 STAFF REPORT AGENDA TITLE: APPROVE AGREEMENT FOR CONTRACT SERVICES WITH ST. FRANCIS ELECTRIC FOR ON -CALL TRAFFIC SIGNAL REPAIR SERVICES RECOMMENDATION Approve Agreement for Contract Services with St. Francis Electric to provide on -call traffic signal repair services; and authorize the City Manager to execute the agreement. EXECUTIVE SUMMARY • Repairs to the City's traffic signals require specialized equipment and expertise which is needed when staff is not available. • The City has contracted with St. Francis Electric for on -call traffic signal repair services since 2019; the agreement expires June 30, 2024. • The proposed agreement with St. Francis Electric will provide the necessary resources to maintain the traffic signal system and ensure continuity of services. FISCAL IMPACT Annual compensation is $125,000 per fiscal year (FY). Funds will be budgeted in the CIP Traffic Signal Maintenance 2425TMI account 401-0000-60188 for each FY through the term of the agreement. BACKGROUND/ANALYSIS On September 17, 2019, following a request for proposals (RFP), Council approved an agreement with St. Francis Electric for on -call traffic signal repair services, for a 3-year initial term, through June 30, 2022, in an amount not to exceed $75,000 per FY. On May 3, 2022, Council approved Amendment No. 1 extending the term of the agreement to June 30, 2024, and increasing the not to exceed compensation amount to $125,000 per FY effective FY 2021 /22. As of May 2024, the City has one newly hired traffic signal technician, and requires additional resources to effectively maintain and service the City's traffic signal system. 91 The proposed agreement with St. Francis, for a one (1)-year term, at a not to exceed compensation amount of $125,000 per FY, will provide the necessary resources to maintain the traffic signal system and ensure continuity of services. Staff will publish a new RFP for on -call traffic signal repair services before the term of the agreement expires. ALTERNATIVES Staff does not recommend an alternative. Prepared by: Carley Escarrega, Administrative Technician Approved by: Bryan McKinney, P.E., Public Works Director/City Engineer Attachments: 1. Select Source Form 2. Agreement for Contract Services ta Quiara SELECT/SOLE SOURCE JUSTIFICATION ATTACHMENT 1 Vendor: St. Francis Electric CALIFORNIA Select/Sole Source purchases may be made in a non-competitive manner only when in the best interest of the City and when the price is considered reasonable. Attach this form and other supporting documents if available, to the purchase Requisition. Complete responses must be provided for all of the following items. A. THE PURCHASE REQUEST IS RESTRICTED TO ONE VENDOR FOR THE REASONS STATED BELOW: 1. Why is the purchase of goods or services restricted to this vendor? Explain why the purchase cannot be competitively bid. Examples of Single/Sole Source procurements include, but are not limited to: Compatibility: The commodity or service matches existing brand of equipment for compatibility. Replacement Part: The item is a replacement part for a specific brand of existing equipment. Emereencv: URGENT NEED for the item or service does not permit soliciting competitive bids. St. Francis Electric currently provides on -call Traffic Signal Repair Services for the City and has knowledge of how the City's traffic system works. The City will only have one newly hired signal tech by the end of May and does not have the resources to train a new consultant on the City's traffic system at this time. n 2. What market research was conducted to substantiate no competition, including evaluation of other items considered? Provide a narrative of your efforts to identify other similar goods/services, including a summary of how the department concluded that such alternatives are either inappropriate or unavailable. The names and addresses of suppliers contacted and the reasons for not considering them must be included OR an explanation of why the survey or effort to identify other goods/services was not performed. Since St. Francis is already familiar with the City's system, it would not be feasible to go through the RFP process at this time. This would stall necessary repairs on traffic signals. Once the new traffic technician has received additional training, a new RFP for on -call traffic signal repair services will be advertised. B. PRICE ANALYSIS: 3. How was the price offered determined to be fair and reasonable? Explain what the basis was for comparison. For example, if the item/service has been purchased in the past, compare historical pricing. St. Francis Electric's pricing is consistent with their contract with the City for On -Call Traffic Signal Repair Services. Prepared By Approved By May 23, 2024 Date Sole or Select Source: Defined as any contract entered into without a competitive process, based on a justification that only one known source exists or that only one single supplier can fulfill the requirements. The requesting department is responsible for supplying written justification, approved by the department director or designee with signing authority for these purchases. 93 S:\100 ADMINISTRATION\107 Forms & Templates - General Citywide\Finance ATTACHMENT 2 AGREEMENT FOR CONTRACT SERVICES THIS AGREEMENT FOR CONTRACT SERVICES (the "Agreement") is made and entered into by and between the CITY OF LA QUINTA, ("City"), a California municipal corporation, St. Francis Electric ("Contracting Party"). The parties hereto agree as follows: SERVICES OF CONTRACTING PARTY. 1.1 Scope of Services. In compliance with all terms and conditions of this Agreement, Contracting Party shall provide those services related to On -Call Traffic Signal Repair Services, as specified in the "Scope of Services" attached hereto as "Exhibit A_" and incorporated herein by this reference (the "Services"). Contracting Party represents and warrants that Contracting Party is a provider of first-class work and/or services and Contracting Party is experienced in performing the Services contemplated herein and, in light of such status and experience, Contracting Party covenants that it shall follow industry standards in performing the Services required hereunder, and that all materials, if any, will be of good quality, fit for the purpose intended. For purposes of this Agreement, the phrase "industry standards" shall mean those standards of practice recognized by one or more first-class firms performing similar services under similar circumstances. 1.2 Compliance with Law. All Services rendered hereunder shall be provided in accordance with all ordinances, resolutions, statutes, rules, regulations, and laws of the City and any Federal, State, or local governmental agency of competent jurisdiction. 1.3 Wage and Hour Compliance, Contracting Party shall comply with applicable Federal, State, and local wage and hour laws. 1.4 Licenses, Permits, Fees and Assessments. Except as otherwise specified herein, Contracting Party shall obtain at its sole cost and expense such licenses, permits, and approvals as may be required by law for the performance of the Services required by this Agreement, including a City of La Quinta business license. Contracting Party and its employees, agents, and subcontractors shall, at their sole cost and expense, keep in effect at all times during the term of this Agreement any licenses, permits, and approvals that are legally required for the performance of the Services required by this Agreement. Contracting Party shall have the sole obligation to pay for any fees, assessments, and taxes, plus applicable penalties and interest, which may be imposed by law and arise from or are necessary for the performance of the Services required by this Agreement, and shall indemnify, defend (with counsel selected by City), and hold City, its elected officials, officers, employees, and agents, free and harmless against any such fees, assessments, taxes, penalties, or interest levied, assessed, or imposed against City hereunder. Contracting Party shall be responsible for all subcontractors' compliance with this Section. 1.5 Familiarity with Work. By executing this Agreement, Contracting Party warrants that (a) it has thoroughly investigated and considered the Services to be 94 performed, (b) it has investigated the site where the Services are to be performed, if any, and fully acquainted itself with the conditions there existing, (c) it has carefully considered how the Services should be performed, and (d) it fully understands the facilities, difficulties, and restrictions attending performance of the Services under this Agreement. Should Contracting Party discover any latent or unknown conditions materially differing from those inherent in the Services or as represented by City, Contracting Party shall immediately inform City of such fact and shall not proceed except at Contracting Party's risk until written instructions are received from the Contract Officer, or assigned designee (as defined in Section 4.2 hereof). 1.6 Standard of Care. Contracting Party acknowledges and understands that the Services contracted for under this Agreement require specialized skills and abilities and that, consistent with this understanding, Contracting Party's work will be held to an industry standard of quality and workmanship. Consistent with Section 1.5 hereinabove, Contracting Party represents to City that it holds the necessary skills and abilities to satisfy the industry standard of quality as set forth in this Agreement. Contracting Party shall adopt reasonable methods during the life of this Agreement to furnish continuous protection to the Services performed by Contracting Party, and the equipment, materials, papers, and other components thereof to prevent losses or damages, and shall be responsible for all such damages, to persons or property, until acceptance of the Services by City, except such losses or damages as may be caused by City's own negligence. The performance of Services by Contracting Party shall not relieve Contracting Party from any obligation to correct any incomplete, inaccurate, or defective work at no further cost to City, when such inaccuracies are due to the negligence of Contracting Party. 1.7 Additional Services. In accordance with the terms and conditions of this Agreement, Contracting Party shall perform services in addition to those specified in the Scope of Services ("Additional Services") only when directed to do so by the Contract Officer, or assigned designee, provided that Contracting Party shall not be required to perform any Additional Services without compensation. Contracting Party shall not perform any Additional Services until receiving prior written authorization (in the form of a written change order if Contracting Party is a contractor performing the Services) from the Contract Officer, or assigned designee, incorporating therein any adjustment in (i) the Contract Sum, and/or (ii) the time to perform this Agreement, which said adjustments are subject to the written approval of Contracting Party. It is expressly understood by Contracting Party that the provisions of this Section shall not apply to the Services specifically set forth in the Scope of Services or reasonably contemplated therein. It is specifically understood and agreed that oral requests and/or approvals of Additional Services shall be barred and are unenforceable. Failure of Contracting Party to secure the Contract Officer's, or assigned designee's written authorization for Additional Services shall constitute a waiver of any and all right to adjustment of the Contract Sum or time to perform this Agreement, whether by way of compensation, restitution, quantum meruit, or the like, for Additional Services provided without the appropriate authorization from the Contract Officer, or assigned designee. Compensation for properly authorized Additional Services shall be made in accordance with Section 2.3 of this Agreement. -2- 95 1.8 Special Requirements. Additional terms and conditions of this Agreement, if any, which are made a part hereof are set forth in "Exhibit D" (the "Special Requirements"), which is incorporated herein by this reference and expressly made a part hereof. In the event of a conflict between the provisions of the Special Requirements and any other provisions of this Agreement, the provisions of the Special Requirements shall govern. ir�fZ� ►0��rrt0 2.1 Contract Sum. For the Services rendered pursuant to this Agreement, Contracting Party shall be compensated in accordance with "Exhibit B" (the "Schedule of Compensation") in a total amount not to exceed One Hundred Twenty -Five Thousand Dollars ($125,000.00), for the life of the Agreement, encompassing the Initial and any Extended Terms (the "Contract Sum"), except as provided in Section 1.7. The method of compensation set forth in the Schedule of Compensation may include a lump sum payment upon completion, payment in accordance with the percentage of completion of the Services, payment for time and materials based upon Contracting Party's rate schedule, but not exceeding the Contract Sum, or such other reasonable methods as may be specified in the Schedule of Compensation. The Contract Sum shall include the attendance of Contracting Party at all project meetings reasonably deemed necessary by City; Contracting Party shall not be entitled to any additional compensation for attending said meetings. Compensation may include reimbursement for actual and necessary expenditures for reproduction costs, transportation expense, telephone expense, and similar costs and expenses when and if specified in the Schedule of Compensation. Regardless of the method of compensation set forth in the Schedule of Compensation, Contracting Party's overall compensation shall not exceed the Contract Sum, except as provided in Section 1.7 of this Agreement. 2.2 Method of Billing & Payment. Any month in which Contracting Party wishes to receive payment, Contracting Party shall submit to City no later than the tenth (10th) working day of such month, in the form approved by City's Finance Director, an invoice for Services rendered prior to the date of the invoice. Such invoice shall (1) describe in detail the Services provided, including time and materials, and (2) specify each staff member who has provided Services and the number of hours assigned to each such staff member. Such invoice shall contain a certification by a principal member of Contracting Party specifying that the payment requested is for Services performed in accordance with the terms of this Agreement. Upon approval in writing by the Contract Officer, or assigned designee, and subject to retention pursuant to Section 8.3, City will pay Contracting Party for all items stated thereon which are approved by City pursuant to this Agreement no later than thirty (30) days after invoices are received by the City's Finance Department. 2.3 Compensation for Additional Services. Additional Services approved in advance by the Contract Officer, or assigned designee, pursuant to Section 1.7 of this Agreement shall be paid for in an amount agreed to in writing by both City and Contracting Party in advance of the Additional Services being rendered by Contracting Party. Any compensation for Additional Services amounting to five percent (5%) or less of the -3- 96 Contract Sum may be approved by the Contract Officer, or assigned designee. Any greater amount of compensation for Additional Services must be approved by the La Quinta City Council, the City Manager, or Department Director, depending upon City laws, regulations, rules and procedures concerning public contracting. Under no circumstances shall Contracting Party receive compensation for any Additional Services unless prior written approval for the Additional Services is obtained from the Contract Officer, or assigned designee, pursuant to Section 1.7 of this Agreement. 3. PERFORMANCE SCHEDULE. 3.1 Time of Essence. Time is of the essence in the performance of this Agreement. If the Services not completed in accordance with the Schedule of Performance, as set forth in Section 3.2 and "Exhibit C", it is understood that the City will suffer damage. 3.2 Schedule of Performance. All Services rendered pursuant to this Agreement shall be performed diligently and within the time period established in "Exhibit C" (the "Schedule of Performance"). Extensions to the time period specified in the Schedule of Performance may be approved in writing by the Contract Officer, or assigned designee. 3.3 Force Majeure. The time period specified in the Schedule of Performance for performance of the Services rendered pursuant to this Agreement shall be extended because of any delays due to unforeseeable causes beyond the control and without the fault or negligence of Contracting Party, including, but not restricted to, acts of God or of the public enemy, fires, earthquakes, floods, epidemic, quarantine restrictions, riots, strikes, freight embargoes, acts of any governmental agency other than City, and unusually severe weather, if Contracting Party shall within ten (10) days of the commencement of such delay notify the Contract Officer, or assigned designee, in writing of the causes of the delay. The Contract Officer, or assigned designee, shall ascertain the facts and the extent of delay, and extend the time for performing the Services for the period of the forced delay when and if in the Contract Officer's judgment such delay is justified, and the Contract Officer's determination, or assigned designee, shall be final and conclusive upon the parties to this Agreement. Extensions to time period in the Schedule of Performance which are determined by the Contract Officer, or assigned designee, to be justified pursuant to this Section shall not entitle the Contracting Party to additional compensation in excess of the Contract Sum. 3.4 Term. Unless earlier terminated in accordance with the provisions in Article 8.0 of this Agreement, the term of this agreement shall commence on July 1, 2024, and terminate on June 30, 2025 ("Initial Term"). This Agreement may not be extended. 4. COORDINATION OF WORK. 4.1 Representative of Contracting Party. The following principals of Contracting Party ("Principals") are hereby designated as being the principals and representatives of -4- 97 Contracting Party authorized to act in its behalf with respect to the Services specified herein and make all decisions in connection therewith: (a) Name: Jill Petrie, Southern CA Area Manager Telephone No.: (951) 304-4903 Email: jpetrie@SFE-INC.com It is expressly understood that the experience, knowledge, capability, and reputation of the foregoing Principals were a substantial inducement for City to enter into this Agreement. Therefore, the foregoing Principals shall be responsible during the term of this Agreement for directing all activities of Contracting Party and devoting sufficient time to personally supervise the Services hereunder. For purposes of this Agreement, the foregoing Principals may not be changed by Contracting Party and no other personnel may be assigned to perform the Services required hereunder without the express written approval of City. 4.2 Contract Officer. The "Contract Officer", otherwise known as Bryan McKinney, PE, City Engineer/Public Works Director, or assigned designee may be designated in writing by the City Manager of the City. It shall be Contracting Party's responsibility to assure that the Contract Officer, or assigned designee, is kept informed of the progress of the performance of the Services, and Contracting Party shall refer any decisions, that must be made by City to the Contract Officer, or assigned designee. Unless otherwise specified herein, any approval of City required hereunder shall mean the approval of the Contract Officer, or assigned designee. The Contract Officer, or assigned designee, shall have authority to sign all documents on behalf of City required hereunder to carry out the terms of this Agreement. 4.3 Prohibition Against Subcontracting or Assignment. The experience, knowledge, capability, and reputation of Contracting Party, its principals, and its employees were a substantial inducement for City to enter into this Agreement. Except as set forth in this Agreement, Contracting Party shall not contract or subcontract with any other entity to perform in whole or in part the Services required hereunder without the express written approval of City. In addition, neither this Agreement nor any interest herein may be transferred, assigned, conveyed, hypothecated, or encumbered, voluntarily or by operation of law, without the prior written approval of City. Transfers restricted hereunder shall include the transfer to any person or group of persons acting in concert of more than twenty five percent (25%) of the present ownership and/or control of Contracting Party, taking all transfers into account on a cumulative basis. Any attempted or purported assignment or contracting or subcontracting by Contracting Party without City's express written approval shall be null, void, and of no effect. No approved transfer shall release Contracting Party of any liability hereunder without the express consent of City. 4.4 Independent Contractor. Neither City nor any of its employees shall have any control over the manner, mode, or means by which Contracting Party, its agents, or its employees, perform the Services required herein, except as otherwise set forth herein. City shall have no voice in the selection, discharge, supervision, or control of Contracting Party's employees, servants, representatives, or agents, or in fixing their number or hours -5- 98 of service. Contracting Party shall perform all Services required herein as an independent contractor of City and shall remain at all times as to City a wholly independent contractor with only such obligations as are consistent with that role. Contracting Party shall not at any time or in any manner represent that it or any of its agents or employees are agents or employees of City. City shall not in any way or for any purpose become or be deemed to be a partner of Contracting Party in its business or otherwise or a joint venture or a member of any joint enterprise with Contracting Party. Contracting Party shall have no power to incur any debt, obligation, or liability on behalf of City. Contracting Party shall not at any time or in any manner represent that it or any of its agents or employees are agents or employees of City. Except for the Contract Sum paid to Contracting Party as provided in this Agreement, City shall not pay salaries, wages, or other compensation to Contracting Party for performing the Services hereunder for City. City shall not be liable for compensation or indemnification to Contracting Party for injury or sickness arising out of performing the Services hereunder. Notwithstanding any other City, state, or federal policy, rule, regulation, law, or ordinance to the contrary, Contracting Party and any of its employees, agents, and subcontractors providing services under this Agreement shall not qualify for or become entitled to any compensation, benefit, or any incident of employment by City, including but not limited to eligibility to enroll in the California Public Employees Retirement System (TERS") as an employee of City and entitlement to any contribution to be paid by City for employer contributions and/or employee contributions for PERS benefits. Contracting Party agrees to pay all required taxes on amounts paid to Contracting Party under this Agreement, and to indemnify and hold City harmless from any and all taxes, assessments, penalties, and interest asserted against City by reason of the independent contractor relationship created by this Agreement. Contracting Party shall fully comply with the workers' compensation laws regarding Contracting Party and Contracting Party's employees. Contracting Party further agrees to indemnify and hold City harmless from any failure of Contracting Party to comply with applicable workers' compensation laws. City shall have the right to offset against the amount of any payment due to Contracting Party under this Agreement any amount due to City from Contracting Party as a result of Contracting Party's failure to promptly pay to City any reimbursement or indemnification arising under this Section. 4.5 Identity of Persons Performing Work. Contracting Party represents that it employs or will employ at its own expense all personnel required for the satisfactory performance of any and all of the Services set forth herein. Contracting Party represents that the Services required herein will be performed by Contracting Party or under its direct supervision, and that all personnel engaged in such work shall be fully qualified and shall be authorized and permitted under applicable State and local law to perform such tasks and services. 4.6 City Cooperation. City shall provide Contracting Party with any plans, publications, reports, statistics, records, or other data or information pertinent to the Services to be performed hereunder which are reasonably available to Contracting Party only from or through action by City. -6- 99 5. INSURANCE. 5.1 Insurance. Prior to the beginning of any Services under this Agreement and throughout the duration of the term of this Agreement, Contracting Party shall procure and maintain, at its sole cost and expense, and submit concurrently with its execution of this Agreement, policies of insurance as set forth in "Exhibit E" (the "Insurance Requirements") which is incorporated herein by this reference and expressly made a part hereof. 5.2 Proof of Insurance. Contracting Party shall provide Certificate of Insurance to Agency along with all required endorsements. Certificate of Insurance and endorsements must be approved by Agency's Risk Manager prior to commencement of performance. 6. INDEMNIFICATION. 6.1 Indemnification. To the fullest extent permitted by law, Contracting Party shall indemnify, protect, defend (with counsel selected by City), and hold harmless City and any and all of its officers, employees, agents, and volunteers as set forth in "Exhibit F" ("Indemnification") which is incorporated herein by this reference and expressly made a part hereof. 7. RECORDS AND REPORTS. 7.1 Reports. Contracting Party shall periodically prepare and submit to the Contract Officer, or assigned designee, such reports concerning Contracting Party's performance of the Services required by this Agreement as the Contract Officer, or assigned designee, shall require. Contracting Party hereby acknowledges that City is greatly concerned about the cost of the Services to be performed pursuant to this Agreement. For this reason, Contracting Party agrees that if Contracting Party becomes aware of any facts, circumstances, techniques, or events that may or will materially increase or decrease the cost of the Services contemplated herein or, if Contracting Party is providing design services, the cost of the project being designed, Contracting Party shall promptly notify the Contract Officer, or assigned designee, of said fact, circumstance, technique, or event and the estimated increased or decreased cost related thereto and, if Contracting Party is providing design services, the estimated increased or decreased cost estimate for the project being designed. 7.2 Records. Contracting Party shall keep, and require any subcontractors to keep, such ledgers, books of accounts, invoices, vouchers, canceled checks, reports (including but not limited to payroll reports), studies, or other documents relating to the disbursements charged to City and the Services performed hereunder (the "Books and Records"), as shall be necessary to perform the Services required by this Agreement and enable the Contract Officer, or assigned designee, to evaluate the performance of such Services. Any and all such Books and Records shall be maintained in accordance with generally accepted accounting principles and shall be complete and detailed. The Contract Officer, or assigned designee, shall have full and free access to such Books _7 100 and Records at all times during normal business hours of City, including the right to inspect, copy, audit, and make records and transcripts from such Books and Records. Such Books and Records shall be maintained for a period of three (3) years following completion of the Services hereunder, and City shall have access to such Books and Records in the event any audit is required. In the event of dissolution of Contracting Party's business, custody of the Books and Records may be given to City, and access shall be provided by Contracting Party's successor in interest. Under California Government Code Section 8546.7, if the amount of public funds expended under this Agreement exceeds Ten Thousand Dollars ($10,000.00), this Agreement shall be subject to the examination and audit of the State Auditor, at the request of City or as part of any audit of City, for a period of three (3) years after final payment under this Agreement. 7.3 Ownership of Documents. All drawings, specifications, maps, designs, photographs, studies, surveys, data, notes, computer files, reports, records, documents, and other materials plans, drawings, estimates, test data, survey results, models, renderings, and other documents or works of authorship fixed in any tangible medium of expression, including but not limited to, physical drawings, digital renderings, or data stored digitally, magnetically, or in any other medium prepared or caused to be prepared by Contracting Party, its employees, subcontractors, and agents in the performance of this Agreement (the "Documents and Materials") shall be the property of City and shall be delivered to City upon request of the Contract Officer, or assigned designee, or upon the expiration or termination of this Agreement, and Contracting Party shall have no claim for further employment or additional compensation as a result of the exercise by City of its full rights of ownership use, reuse, or assignment of the Documents and Materials hereunder. Any use, reuse or assignment of such completed Documents and Materials for other projects and/or use of uncompleted documents without specific written authorization by Contracting Party will be at City's sole risk and without liability to Contracting Party, and Contracting Party's guarantee and warranties shall not extend to such use, revise, or assignment. Contracting Party may retain copies of such Documents and Materials for its own use. Contracting Party shall have an unrestricted right to use the concepts embodied therein. All subcontractors shall provide for assignment to City of any Documents and Materials prepared by them, and in the event Contracting Party fails to secure such assignment, Contracting Party shall indemnify City for all damages resulting therefrom. 7.4 In the event City or any person, firm, or corporation authorized by City reuses said Documents and Materials without written verification or adaptation by Contracting Party for the specific purpose intended and causes to be made or makes any changes or alterations in said Documents and Materials, City hereby releases, discharges, and exonerates Contracting Party from liability resulting from said change. The provisions of this clause shall survive the termination or expiration of this Agreement and shall thereafter remain in full force and effect. 7.5 Licensing of Intellectual Property. This Agreement creates a non-exclusive and perpetual license for City to copy, use, modify, reuse, or sublicense any and all copyrights, designs, rights of reproduction, and other intellectual property embodied in the Documents and Materials. Contracting Party shall require all subcontractors, if any, -$ 101 to agree in writing that City is granted a non-exclusive and perpetual license for the Documents and Materials the subcontractor prepares under this Agreement. Contracting Party represents and warrants that Contracting Party has the legal right to license any and all of the Documents and Materials. Contracting Party makes no such representation and warranty in regard to the Documents and Materials which were prepared by design professionals other than Contracting Party or provided to Contracting Party by City. City shall not be limited in any way in its use of the Documents and Materials at any time, provided that any such use not within the purposes intended by this Agreement shall be at City's sole risk. 7.6 Release of Documents. The Documents and Materials shall not be released publicly without the prior written approval of the Contract Officer, or assigned designee, or as required by law. Contracting Party shall not disclose to any other entity or person any information regarding the activities of City, except as required by law or as authorized by City. 7.7 Confidential or Personal Identifying Information. Contracting Party covenants that all City data, data lists, trade secrets, documents with personal identifying information, documents that are not public records, draft documents, discussion notes, or other information, if any, developed or received by Contracting Party or provided for performance of this Agreement are deemed confidential and shall not be disclosed by Contracting Party to any person or entity without prior written authorization by City or unless required by law. City shall grant authorization for disclosure if required by any lawful administrative or legal proceeding, court order, or similar directive with the force of law. All City data, data lists, trade secrets, documents with personal identifying information, documents that are not public records, draft documents, discussions, or other information shall be returned to City upon the termination or expiration of this Agreement. Contracting Party's covenant under this section shall survive the termination or expiration of this Agreement. 8. ENFORCEMENT OF AGREEMENT. 8.1 California Law. This Agreement shall be interpreted, construed, and governed both as to validity and to performance of the parties in accordance with the laws of the State of California. Legal actions concerning any dispute, claim, or matter arising out of or in relation to this Agreement shall be instituted in the Superior Court of the County of Riverside, State of California, or any other appropriate court in such county, and Contracting Party covenants and agrees to submit to the personal jurisdiction of such court in the event of such action. 8.2 Disputes. In the event of any dispute arising under this Agreement, the injured party shall notify the injuring party in writing of its contentions by submitting a claim therefore. The injured party shall continue performing its obligations hereunder so long as the injuring party commences to cure such default within ten (10) days of service of such notice and completes the cure of such default within forty-five (45) days after service of the notice, or such longer period as may be permitted by the Contract Officer, or assigned designee; provided that if the default is an immediate danger to the health, -g 102 safety, or general welfare, City may take such immediate action as City deems warranted. Compliance with the provisions of this Section shall be a condition precedent to termination of this Agreement for cause and to any legal action, and such compliance shall not be a waiver of any party's right to take legal action in the event that the dispute is not cured, provided that nothing herein shall limit City's right to terminate this Agreement without cause pursuant to this Article 8.0. During the period of time that Contracting Party is in default, City shall hold all invoices and shall, when the default is cured, proceed with payment on the invoices. In the alternative, City may, in its sole discretion, elect to pay some or all of the outstanding invoices during any period of default. 8.3 Retention of Funds. City may withhold from any monies payable to Contracting Party sufficient funds to compensate City for any losses, costs, liabilities, or damages it reasonably believes were suffered by City due to the default of Contracting Party in the performance of the Services required by this Agreement. 8.4 Waiver. No delay or omission in the exercise of any right or remedy of a non -defaulting party on any default shall impair such right or remedy or be construed as a waiver. City's consent or approval of any act by Contracting Party requiring City's consent or approval shall not be deemed to waive or render unnecessary City's consent to or approval of any subsequent act of Contracting Party. Any waiver by either party of any default must be in writing and shall not be a waiver of any other default concerning the same or any other provision of this Agreement. 8.5 Rights and Remedies are Cumulative. Except with respect to rights and remedies expressly declared to be exclusive in this Agreement, the rights and remedies of the parties are cumulative and the exercise by either party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by the other party. 8.6 Legal Action. In addition to any other rights or remedies, either party may take legal action, at law or at equity, to cure, correct, or remedy any default, to recover damages for any default, to compel specific performance of this Agreement, to obtain declaratory or injunctive relief, or to obtain any other remedy consistent with the purposes of this Agreement. 8.7 Termination Prior To Expiration of Term. This Section shall govern any termination of this Agreement, except as specifically provided in the following Section for termination for cause. City reserves the right to terminate this Agreement at any time, with or without cause, upon thirty (30) days' written notice to Contracting Party. Upon receipt of any notice of termination, Contracting Party shall immediately cease all Services hereunder except such as may be specifically approved by the Contract Officer, or assigned designee. Contracting Party shall be entitled to compensation for all Services rendered prior to receipt of the notice of termination and for any Services authorized by the Contract Officer, or assigned designee, thereafter in accordance with the Schedule of Compensation or such as may be approved by the Contract Officer, or assigned designee, except amounts held as a retention pursuant to this Agreement. -10- 103 8.8 Termination for Default of Contracting Party. If termination is due to the failure of Contracting Party to fulfill its obligations under this Agreement, Contracting Party shall vacate any City -owned property which Contracting Party is permitted to occupy hereunder and City may, after compliance with the provisions of Section 8.2, take over the Services and prosecute the same to completion by contract or otherwise, and Contracting Party shall be liable to the extent that the total cost for completion of the Services required hereunder exceeds the compensation herein stipulated (provided that City shall use reasonable efforts to mitigate such damages), and City may withhold any payments to Contracting Party for the purpose of setoff or partial payment of the amounts owed City. 8.9 Attorneys' Fees. If either party to this Agreement is required to initiate or defend or made a party to any action or proceeding in any way connected with this Agreement, the prevailing party in such action or proceeding, in addition to any other relief which may be granted, whether legal or equitable, shall be entitled to reasonable attorneys' fees; provided, however, that the attorneys' fees awarded pursuant to this Section shall not exceed the hourly rate paid by City for legal services multiplied by the reasonable number of hours spent by the prevailing party in the conduct of the litigation. Attorneys' fees shall include attorneys' fees on any appeal, and in addition a party entitled to attorneys' fees shall be entitled to all other reasonable costs for investigating such action, taking depositions and discovery, and all other necessary costs the court allows which are incurred in such litigation. All such fees shall be deemed to have accrued on commencement of such action and shall be enforceable whether or not such action is prosecuted to judgment. The court may set such fees in the same action or in a separate action brought for that purpose. 9. CITY OFFICERS AND EMPLOYEES; NONDISCRIMINATION. 9.1 Non -liability of City Officers and Employees. No officer, official, employee, agent, representative, or volunteer of City shall be personally liable to Contracting Party, or any successor in interest, in the event or any default or breach by City or for any amount which may become due to Contracting Party or to its successor, or for breach of any obligation of the terms of this Agreement. 9.2 Conflict of Interest. Contracting Party covenants that neither it, nor any officer or principal of it, has or shall acquire any interest, directly or indirectly, which would conflict in any manner with the interests of City or which would in any way hinder Contracting Party's performance of the Services under this Agreement. Contracting Party further covenants that in the performance of this Agreement, no person having any such interest shall be employed by it as an officer, employee, agent, or subcontractor without the express written consent of the Contract Officer, or assigned designee. Contracting Party agrees to at all times avoid conflicts of interest or the appearance of any conflicts of interest with the interests of City in the performance of this Agreement. No officer or employee of City shall have any financial interest, direct or indirect, in this Agreement nor shall any such officer or employee participate in any decision relating to this Agreement which effects his financial interest or the financial interest of any corporation, partnership or association in which he is, directly or indirectly, interested, in violation of any State statute or regulation. Contracting Party warrants that it has not paid or given and will not pay or give any third party any money or other consideration for obtaining this Agreement. 9.3 Covenant against Discrimination. Contracting Party covenants that, by and for itself, its heirs, executors, assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of, any person or group of persons on account of any impermissible classification including, but not limited to, race, color, creed, religion, sex, marital status, sexual orientation, national origin, or ancestry in the performance of this Agreement. Contracting Party shall take affirmative action to ensure that applicants are employed and that employees are treated during employment without regard to their race, color, creed, religion, sex, marital status, sexual orientation, national origin, or ancestry. 10. MISCELLANEOUS PROVISIONS. 10.1 Notice. Any notice, demand, request, consent, approval, or communication either party desires or is required to give the other party or any other person shall be in writing and either served personally or sent by prepaid, first-class mail to the address set forth below. Either party may change its address by notifying the other party of the change of address in writing. Notice shall be deemed communicated forty-eight (48) hours from the time of mailing if mailed as provided in this Section. To City: CITY OF LA QUINTA Attn: Bryan McKinney, PE 78495 Calle Tampico La Quinta, California 92253 bmckinney( laguintaca.gov To Contracting Party: ST. FRANCIS ELECTRIC Attn- Jill Petrie, Southern CA Area 1420 Citrus Street Riverside, CA 92507 jpetrie@SFE-INC.com 10.2 Interpretation. The terms of this Agreement shall be construed in accordance with the meaning of the language used and shall not be construed for or against either party by reason of the authorship of this Agreement or any other rule of construction which might otherwise apply. 10.3 Section Headings and Subheadings. The section headings and subheadings contained in this Agreement are included for convenience only and shall not limit or otherwise affect the terms of this Agreement. 10.4 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, and such counterparts shall constitute one and the same instrument. 10.5 Integrated Agreement. This Agreement including the exhibits hereto is the entire, complete, and exclusive expression of the understanding of the parties. It is understood that there are no oral agreements between the parties hereto affecting this -12 105 Agreement and this Agreement supersedes and cancels any and all previous negotiations, arrangements, agreements, and understandings, if any, between the parties, and none shall be used to interpret this Agreement. 10.6 Amendment. No amendment to or modification of this Agreement shall be valid unless made in writing and approved by Contracting Party and by the City Council of City. The parties agree that this requirement for written modifications cannot be waived and that any attempted waiver shall be void. 10.7 Severability. In the event that any one or more of the articles, phrases, sentences, clauses, paragraphs, or sections contained in this Agreement shall be declared invalid or unenforceable, such invalidity or unenforceability shall not affect any of the remaining articles, phrases, sentences, clauses, paragraphs, or sections of this Agreement which are hereby declared as severable and shall be interpreted to carry out the intent of the parties hereunder unless the invalid provision is so material that its invalidity deprives either party of the basic benefit of their bargain or renders this Agreement meaningless. 10.8 Unfair Business Practices Claims. In entering into this Agreement, Contracting Party offers and agrees to assign to City all rights, title, and interest in and to all causes of action it may have under Section 4 of the Clayton Act (15 U.S.C. § 15) or under the Cartwright Act (Chapter 2, (commencing with Section 16700) of Part 2 of Division 7 of the Business and Professions Code), arising from purchases of goods, services, or materials related to this Agreement. This assignment shall be made and become effective at the time City renders final payment to Contracting Party without further acknowledgment of the parties. 10.9 No Third -Party Beneficiaries. With the exception of the specific provisions set forth in this Agreement, there are no intended third -party beneficiaries under this Agreement and no such other third parties shall have any rights or obligations hereunder. 10.10 Authority. The persons executing this Agreement on behalf of each of the parties hereto represent and warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Agreement on behalf of said party, (iii) by so executing this Agreement, such party is formally bound to the provisions of this Agreement, and (iv) that entering into this Agreement does not violate any provision of any other Agreement to which said party is bound. This Agreement shall be binding upon the heirs, executors, administrators, successors, and assigns of the parties. [SIGNATURES ON FOLLOWING PAGE] -13- 106 IN WITNESS WHEREOF, the parties have executed this Agreement as of the dates stated below. CITY OF LA QUINTA, CONTRACTING PARTY: a California Municipal Corporation Bv: JON McMILLEN, City Manager City of La Quinta, California Dated: ATTEST: MONIKA RADEVA, City Clerk City of La Quinta, California APPROVED AS TO FORM: WILLIAM H. IHRKE, City Attorney City of La Quinta, California Name:Jill Petrie Title: Southern CA Area Manager By: Name: Title: Exhibit A Scope of Services 1. Services to be Provided: Tasks include, but are not limited to, the following: • Provide all necessary materials, equipment, and incidentals required to perform city wide on -call traffic signal repair. • Provide and maintain emergency service response to the City's traffic signals, safety streetlights, and flashing beacons on a twenty-four (24) hour a day, seven (7) days per week basis, including all holidays. Provide vehicle(s) with permanently mounted arrow board; warning beacon/strobe lights; traffic cones; construction warning sign; a hydraulic bucket capable of reaching a height of at least twenty-eight feet from the roadway surface; necessary computer laptop for programming, maintenance, and testing of traffic signal controllers and various equipment; and communications equipment for dispatch. Possess all required tools, equipment, apparatus, facilities, and materials needed to perform all work necessary to maintain and repair the traffic signals, safety streetlights, and flashing beacons in the City in compliance with current City standards and specifications. Exhibit A Page 1 of 4 Last revised summer 2% ADDENDUM TO AGREEMENT Re: Scope of Services If the Scope of Services include construction, alteration, demolition, installation, repair, or maintenance affecting real property or structures or improvements of any kind appurtenant to real property, the following apply: 1. Prevailing Wage Compliance. If Contracting Party is a contractor performing public works and maintenance projects, as described in this Section 1.3, Contracting Party shall comply with applicable Federal, State, and local laws. Contracting Party is aware of the requirements of California Labor Code Sections 1720, et seq., and 1770, et seq., as well as California Code of Regulations, Title 8, Sections 16000, et seq., (collectively, the "Prevailing Wage Laws"), and La Quinta Municipal Code Section 3.12.040, which require the payment of prevailing wage rates and the performance of other requirements on "Public works" and "Maintenance" projects. If the Services are being performed as part of an applicable "Public works" or "Maintenance" project, as defined by the Prevailing Wage Laws, and if construction work over twenty- five thousand dollars ($25,000.00) and/or alterations, demolition, repair or maintenance work over fifteen thousand dollars ($15,000.00) is entered into or extended on or after January 1, 2015 by this Agreement, Contracting Party agrees to fully comply with such Prevailing Wage Laws including, but not limited to, requirements related to the maintenance of payroll records and the employment of apprentices. Pursuant to California Labor Code Section 1725.5, no contractor or subcontractor may be awarded a contract for public work on a "Public works" project unless registered with the California Department of Industrial Relations ("DIR") at the time the contract is awarded. If the Services are being performed as part of an applicable "Public works" or "Maintenance" project, as defined by the Prevailing Wage Laws, this project is subject to compliance monitoring and enforcement by the DIR. Contracting Party will maintain and will require all subcontractors to maintain valid and current DIR Public Works contractor registration during the term of this Agreement. Contracting Party shall notify City in writing immediately, and in no case more than twenty-four (24) hours, after receiving any information that Contracting Party's or any of its subcontractor's DIR registration status has been suspended, revoked, expired, or otherwise changed. It is understood that it is the responsibility of Contracting Party to determine the correct salary scale. Contracting Party shall make copies of the prevailing rates of per diem wages for each craft, classification, or type of worker needed to execute the Services available to interested parties upon request, and shall post copies at Contracting Party's principal place of business and at the project site, if any. The statutory penalties for failure to pay prevailing wage or to comply with State wage and hour laws will be enforced. Contracting Party must forfeit to City TWENTY-FIVE DOLLARS ($25.00) per day for each worker who works in excess of the minimum working hours when Contracting Party does not pay overtime. In accordance with the provisions of Labor Code Sections 1810 et seq., eight (8) hours is the legal working day. Contracting Party also shall comply with State law requirements to maintain payroll records and shall provide for certified records and inspection of records as required by California Labor Code Section 1770 et seq., including Section 1776. In addition to the other indemnities provided under this Agreement, Contracting Party shall defend (with counsel selected by City), indemnify, and hold City, Exhibit A Page 2 of 4 109 its elected officials, officers, employees, and agents free and harmless from any claim or liability arising out of any failure or alleged failure to comply with the Prevailing Wage Laws. It is agreed by the parties that, in connection with performance of the Services, including, without limitation, any and all "Public works" (as defined by the Prevailing Wage Laws), Contracting Party shall bear all risks of payment or non-payment of prevailing wages under California law and/or the implementation of Labor Code Section 1781, as the same may be amended from time to time, and/or any other similar law. Contracting Party acknowledges and agrees that it shall be independently responsible for reviewing the applicable laws and regulations and effectuating compliance with such laws. Contracting Party shall require the same of all subcontractors. 2. Retention. Payments shall be made in accordance with the provisions of Article 2.0 of the Agreement. In accordance with said Sections, City shall pay Contracting Party a sum based upon ninety-five percent (95%) of the Contract Sum apportionment of the labor and materials incorporated into the Services under this Agreement during the month covered by said invoice. The remaining five percent (5%) thereof shall be retained as performance security to be paid to Contracting Party within sixty (60) days after final acceptance of the Services by the City Council of City, after Contracting Party has furnished City with a full release of all undisputed payments under this Agreement, if required by City. In the event there are any claims specifically excluded by Contracting Party from the operation of the release, City may retain proceeds (per Public Contract Code § 7107) of up to one hundred fifty percent (150%) of the amount in dispute. City's failure to deduct or withhold shall not affect Contracting Party's obligations under the Agreement. 3. Utility Relocation. City is responsible for removal, relocation, or protection of existing main or trunk -line utilities to the extent such utilities were not identified in the invitation for bids or specifications. City shall reimburse Contracting Party for any costs incurred in locating, repairing damage not caused by Contracting Party, and removing or relocating such unidentified utility facilities. Contracting Party shall not be assessed liquidated damages for delay arising from the removal or relocation of such unidentified utility facilities. 4. Trenches or Excavations. Pursuant to California Public Contract Code Section 7104, in the event the work included in this Agreement requires excavations more than four (4) feet in depth, the following shall apply: (a) Contracting Party shall promptly, and before the following conditions are disturbed, notify City, in writing, of any: (1) material that Contracting Party believes may be material that is hazardous waste, as defined in Section 25117 of the Health and Safety Code, that is required to be removed to a Class I, Class II, or Class III disposal site in accordance with provisions of existing law; (2) subsurface or latent physical conditions at the site different from those indicated by information about the site made available to bidders prior to the deadline for submitting bids; or (3) unknown physical conditions at the site of any unusual nature, different materially from those ordinarily encountered and generally recognized as inherent in work of the character provided for in the Agreement. Exhibit A Page 3 of 4 110 (b) City shall promptly investigate the conditions, and if it finds that the conditions do materially so differ, or do involve hazardous waste, and cause a decrease or increase in Contracting Party's cost of, or the time required for, performance of any part of the work shall issue a change order per Section 1.8 of the Agreement. (c) in the event that a dispute arises between City and Contracting Party whether the conditions materially differ, or involve hazardous waste, or cause a decrease or increase in Contracting Party's cost of, or time required for, performance of any part of the work, Contracting Party shall not be excused from any scheduled completion date provided for by this Agreement, but shall proceed with all work to be performed under this Agreement. Contracting Party shall retain any and all rights provided either by contract or by law which pertain to the resolution of disputes and protests between the contracting Parties. 5. Safety. Contracting Party shall execute and maintain its work so as to avoid injury or damage to any person or property. In carrying out the Services, Contracting Party shall at all times be in compliance with all applicable local, state, and federal laws, rules and regulations, and shall exercise all necessary precautions for the safety of employees appropriate to the nature of the work and the conditions under which the work is to be performed. Safety precautions as applicable shall include, but shall not be limited to: (A) adequate life protection and lifesaving equipment and procedures; (B) instructions in accident prevention for all employees and subcontractors, such as safe walkways, scaffolds, fall protection ladders, bridges, gang planks, confined space procedures, trenching and shoring, equipment and other safety devices, equipment and wearing apparel as are necessary or lawfully required to prevent accidents or injuries; and (C) adequate facilities for the proper inspection and maintenance of all safety measures. 6. Liquidated Damages. Since the determination of actual damages for any delay in performance of the Agreement would be extremely difficult or impractical to determine in the event of a breach of this Agreement, Contracting Party shall be liable for and shall pay to City the sum of One Thousand dollars ($1,000.00) as liquidated damages for each working day of delay in the performance of any of the Services required hereunder, as specified in the Schedule of Performance. In addition, liquidated damages may be assessed for failure to comply with the emergency call out requirements, if any, described in the Scope of Services. City may withhold from any moneys payable on account of the Services performed by Contracting Party any accrued liquidated damages. Exhibit A Page 4 of 4 111 Exhibit B Schedule of Compensation With the exception of compensation for Additional Services, provided for in Section 2.3 of this Agreement, the maximum total compensation to be paid to Contracting Party under this Agreement is not to exceed One Hundred Twenty -Five Thousand Dollars ($125,000.00) ("Contract Sum"). The Contract Sum shall be paid to Contracting Party in installment payments made on a monthly basis and in an amount identified in Contracting Party's schedule of compensation attached hereto for the work tasks performed and properly invoiced by Contracting Party in conformance with Section 2.2 of this Agreement. Exhibit B Page 1 of 1 112 Exhibit C Schedule of Performance Contracting Party shall complete all services identified in the Scope of Services, Exhibit A of this Agreement, in accordance with the Project Schedule, attached hereto and incorporated herein by this reference. Exhibit C Page 1 of 1 113 None Exhibit D Special Requirements Exhibit D Page 1 of 1 114 Exhibit E Insurance Requirements E.1 Insurance. Prior to the beginning of and throughout the duration of this Agreement, the following policies shall be maintained and kept in full force and effect providing insurance with minimum limits as indicated below and issued by insurers with A.M. Best ratings of no less than A -VI: Commercial General Liability (at least as broad as ISO CG 0001) $1,000,000 (per occurrence) $2,000,000 (general aggregate) Must include the following endorsements: General Liability Additional Insured General Liability Primary and Non-contributory Commercial Auto Liability (at least as broad as ISO CA 0001) $1,000,000 (per accident) Auto Liability Additional Insured Personal Auto Declaration Page if applicable Errors and Omissions Liability $1,000,000 (per claim and aggregate) Workers' Compensation (per statutory requirements) Must include the following endorsements: Workers Compensation with Waiver of Subrogation Workers Compensation Declaration of Sole Proprietor if applicable Contracting Party shall procure and maintain, at its cost, and submit concurrently with its execution of this Agreement, Commercial General Liability insurance against all claims for injuries against persons or damages to property resulting from Contracting Party's acts or omissions rising out of or related to Contracting Party's performance under this Agreement. The insurance policy shall contain a severability of interest clause providing that the coverage shall be primary for losses arising out of Contracting Party's performance hereunder and neither City nor its insurers shall be required to contribute to any such loss. An endorsement evidencing the foregoing and naming the City and its officers and employees as additional insured (on the Commercial General Liability policy only) must be submitted concurrently with the execution of this Agreement and approved by City prior to commencement of the services hereunder. Contracting Party shall carry automobile liability insurance of $1,000,000 per accident against all claims for injuries against persons or damages to property arising out of the use of any automobile by Contracting Party, its officers, any person directly or indirectly employed by Contracting Party, any subcontractor or agent, or anyone for whose acts any of them may be liable, arising directly or indirectly out of or related to Contracting Party's performance under this Agreement. If Contracting Party or Exhibit E Page 1 of 6 115 Contracting Party's employees will use personal autos in any way on this project, Contracting Party shall provide evidence of personal auto liability coverage for each such person. The term "automobile" includes, but is not limited to, a land motor vehicle, trailer or semi -trailer designed for travel on public roads. The automobile insurance policy shall contain a severability of interest clause providing that coverage shall be primary for losses arising out of Contracting Party's performance hereunder and neither City nor its insurers shall be required to contribute to such loss. Professional Liability or Errors and Omissions Insurance as appropriate shall be written on a policy form coverage specifically designed to protect against acts, errors or omissions of the Contracting Party and "Covered Professional Services" as designated in the policy must specifically include work performed under this agreement. The policy limit shall be no less than $1,000,000 per claim and in the aggregate. The policy must "pay on behalf of the insured and must include a provision establishing the insurer's duty to defend. The policy retroactive date shall be on or before the effective date of this agreement. Contracting Party shall carry Workers' Compensation Insurance in accordance with State Worker's Compensation laws with employer's liability limits no less than $1,000,000 per accident or disease. Contracting Party shall procure and maintain Cyber Liability insurance with limits of $1,000,000 per occurrence/loss which shall include the following coverage: a. Liability arising from the theft, dissemination and/or use of confidential or personally identifiable information; including credit monitoring and regulatory fines arising from such theft, dissemination or use of the confidential information. b. Network security liability arising from the unauthorized use of, access to, or tampering with computer systems. c. Liability arising from the failure of technology products (software) required under the contract for Consultant to properly perform the services intended. d. Electronic Media Liability arising from personal injury, plagiarism or misappropriation of ideas, domain name infringement or improper deep - linking or framing, and infringement or violation of intellectual property rights. e. Liability arising from the failure to render professional services. If coverage is maintained on a claims -made basis, Contracting Party shall maintain such coverage for an additional period of three (3) years following termination of the contract. Exhibit E Page 2 of 6 116 Contracting Party shall provide written notice to City within ten (10) working days if: (1) any of the required insurance policies is terminated; (2) the limits of any of the required polices are reduced; or (3) the deductible or self -insured retention is increased. In the event any of said policies of insurance are cancelled, Contracting Party shall, prior to the cancellation date, submit new evidence of insurance in conformance with this Exhibit to the Contract Officer. The procuring of such insurance or the delivery of policies or certificates evidencing the same shall not be construed as a limitation of Contracting Party's obligation to indemnify City, its officers, employees, contractors, subcontractors, or agents. E.2 Remedies. In addition to any other remedies City may have if Contracting Party fails to provide or maintain any insurance policies or policy endorsements to the extent and within the time herein required, City may, at its sole option: a. Obtain such insurance and deduct and retain the amount of the premiums for such insurance from any sums due under this Agreement. b. Order Contracting Party to stop work under this Agreement and/or withhold any payment(s) which become due to Contracting Party hereunder until Contracting Party demonstrates compliance with the requirements hereof. C. Terminate this Agreement. Exercise any of the above remedies, however, is an alternative to any other remedies City may have. The above remedies are not the exclusive remedies for Contracting Party's failure to maintain or secure appropriate policies or endorsements. Nothing herein contained shall be construed as limiting in any way the extent to which Contracting Party may be held responsible for payments of damages to persons or property resulting from Contracting Party's or its subcontractors' performance of work under this Agreement. E.3 General Conditions Pertaining to Provisions of Insurance Coverage by Contracting Party. Contracting Party and City agree to the following with respect to insurance provided by Contracting Party: 1. Contracting Party agrees to have its insurer endorse the third party general liability coverage required herein to include as additional insureds City, its officials, employees, and agents, using standard ISO endorsement No. CG 2010 with an edition prior to 1992. Contracting Party also agrees to require all contractors, and subcontractors to do likewise. 2. No liability insurance coverage provided to comply with this Agreement shall prohibit Contracting Party, or Contracting Party's employees, or agents, from waiving the right of subrogation prior to a loss. Contracting Party agrees to waive subrogation rights against City regardless of the applicability of any insurance proceeds, and to require all contractors and subcontractors to do likewise. Exhibit E Page 3 of 6 117 3. All insurance coverage and limits provided by Contracting Party and available or applicable to this Agreement are intended to apply to the full extent of the policies. Nothing contained in this Agreement or any other agreement relating to City or its operations limits the application of such insurance coverage. 4. None of the coverages required herein will be in compliance with these requirements if they include any limiting endorsement of any kind that has not been first submitted to City and approved of in writing. 5. No liability policy shall contain any provision or definition that would serve to eliminate so-called "third party action over" claims, including any exclusion for bodily injury to an employee of the insured or of any contractor or subcontractor. 6. All coverage types and limits required are subject to approval, modification and additional requirements by the City, as the need arises. Contracting Party shall not make any reductions in scope of coverage (e.g. elimination of contractual liability or reduction of discovery period) that may affect City's protection without City's prior written consent. 7. Proof of compliance with these insurance requirements, consisting of certificates of insurance evidencing all the coverages required and an additional insured endorsement to Contracting Party's general liability policy, shall be delivered to City at or prior to the execution of this Agreement. In the event such proof of any insurance is not delivered as required, or in the event such insurance is canceled at any time and no replacement coverage is provided, City has the right, but not the duty, to obtain any insurance it deems necessary to protect its interests under this or any other agreement and to pay the premium. Any premium so paid by City shall be charged to and promptly paid by Contracting Party or deducted from sums due Contracting Party, at City option. 8. It is acknowledged by the parties of this agreement that all insurance coverage required to be provided by Contracting Party or any subcontractor, is intended to apply first and on a primary, non-contributing basis in relation to any other insurance or self-insurance available to City. 9. Contracting Party agrees to ensure that subcontractors, and any other party involved with the project that is brought onto or involved in the project by Contracting Party, provide the same minimum insurance coverage required of Contracting Party. Contracting Party agrees to monitor and review all such coverage and assumes all responsibility for ensuring that such coverage is provided in conformity with the requirements of this section. Contracting Party agrees that upon request, all agreements with subcontractors and others engaged in the project will be submitted to City for review. 10. Contracting Party agrees not to self -insure or to use any self -insured retentions or deductibles on any portion of the insurance required herein (with the exception of professional liability coverage, if required) and further agrees that it will not allow any contractor, subcontractor, Architect, Engineer or other entity or person in any way involved in the performance of work on the project contemplated by this agreement Exhibit E Page 4 of 6 118 to self -insure its obligations to City. If Contracting Party's existing coverage includes a deductible or self -insured retention, the deductible or self -insured retention must be declared to the City. At that time the City shall review options with the Contracting Party, which may include reduction or elimination of the deductible or self -insured retention, substitution of other coverage, or other solutions. 11. The City reserves the right at any time during the term of this Agreement to change the amounts and types of insurance required by giving the Contracting Party ninety (90) days advance written notice of such change. If such change results in substantial additional cost to the Contracting Party, the City will negotiate additional compensation proportional to the increased benefit to City. 12. For purposes of applying insurance coverage only, this Agreement will be deemed to have been executed immediately upon any party hereto taking any steps that can be deemed to be in furtherance of or towards performance of this Agreement. 13. Contracting Party acknowledges and agrees that any actual or alleged failure on the part of City to inform Contracting Party of non-compliance with any insurance requirement in no way imposes any additional obligations on City nor does it waive any rights hereunder in this or any other regard. 14. Contracting Party will renew the required coverage annually as long as City, or its employees or agents face an exposure from operations of any type pursuant to this agreement. This obligation applies whether the agreement is canceled or terminated for any reason. Termination of this obligation is not effective until City executes a written statement to that effect. 15. Contracting Party shall provide proof that policies of insurance required herein expiring during the term of this Agreement have been renewed or replaced with other policies providing at least the same coverage. Proof that such coverage has been ordered shall be submitted prior to expiration. A coverage binder or letter from Contracting Party's insurance agent to this effect is acceptable. A certificate of insurance and an additional insured endorsement is required in these specifications applicable to the renewing or new coverage must be provided to City within five (5) days of the expiration of coverages. 16. The provisions of any workers' compensation or similar act will not limit the obligations of Contracting Party under this agreement. Contracting Party expressly agrees not to use any statutory immunity defenses under such laws with respect to City, its employees, officials, and agents. 17. Requirements of specific coverage features, or limits contained in this section are not intended as limitations on coverage, limits or other requirements nor as a waiver of any coverage normally provided by any given policy. Specific reference to a given coverage feature is for purposes of clarification only as it pertains to a given issue and is not intended by any party or insured to be limiting or all-inclusive. Exhibit E Page 5 of 6 119 18. These insurance requirements are intended to be separate and distinct from any other provision in this Agreement and are intended by the parties here to be interpreted as such. 19. The requirements in this Exhibit supersede all other sections and provisions of this Agreement to the extent that any other section or provision conflicts with or impairs the provisions of this Exhibit. 20. Contracting Party agrees to be responsible for ensuring that no contract used by any party involved in any way with the project reserves the right to charge City or Contracting Party for the cost of additional insurance coverage required by this agreement. Any such provisions are to be deleted with reference to City. It is not the intent of City to reimburse any third party for the cost of complying with these requirements. There shall be no recourse against City for payment of premiums or other amounts with respect thereto. 21. Contracting Party agrees to provide immediate notice to City of any claim or loss against Contracting Party arising out of the work performed under this agreement. City assumes no obligation or liability by such notice, but has the right (but not the duty) to monitor the handling of any such claim or claims if they are likely to involve City. Exhibit E Page 6 of 6 120 Exhibit F Indemnification F.1 Indemnitv for the Benefit of Ci a. Indemnification for Professional Liability. When the law establishes a professional standard of care for Contracting Party's Services, to the fullest extent permitted by law, Contracting Party shall indemnify, protect, defend (with counsel selected by City), and hold harmless City and any and all of its officials, employees, and agents ("Indemnified Parties") from and against any and all claims, losses, liabilities of every kind, nature, and description, damages, injury (including, without limitation, injury to or death of an employee of Contracting Party or of any subcontractor), costs and expenses of any kind, whether actual, alleged or threatened, including, without limitation, incidental and consequential damages, court costs, attorneys' fees, litigation expenses, and fees of expert consultants or expert witnesses incurred in connection therewith and costs of investigation, to the extent same are caused in whole or in part by any negligent or wrongful act, error or omission of Contracting Party, its officers, agents, employees or subcontractors (or any entity or individual that Contracting Party shall bear the legal liability thereof) in the performance of professional services under this agreement. With respect to the design of public improvements, the Contracting Party shall not be liable for any injuries or property damage resulting from the reuse of the design at a location other than that specified in Exhibit A without the written consent of the Contracting Party. b. Indemnification for Other Than Professional Liability. Other than in the performance of professional services and to the full extent permitted by law, Contracting Party shall indemnify, defend (with counsel selected by City), and hold harmless the Indemnified Parties from and against any liability (including liability for claims, suits, actions, arbitration proceedings, administrative proceedings, regulatory proceedings, losses, expenses or costs of any kind, whether actual, alleged or threatened, including, without limitation, incidental and consequential damages, court costs, attorneys' fees, litigation expenses, and fees of expert consultants or expert witnesses) incurred in connection therewith and costs of investigation, where the same arise out of, are a consequence of, or are in any way attributable to, in whole or in part, the performance of this Agreement by Contracting Party or by any individual or entity for which Contracting Party is legally liable, including but not limited to officers, agents, employees, or subcontractors of Contracting Party. C. Indemnity Provisions for Contracts Related to Construction (Limitation on Indemnity). Without affecting the rights of City under any provision of this agreement, Contracting Party shall not be required to indemnify and hold harmless City for liability attributable to the active negligence of City, provided such active negligence is determined by agreement between the parties or by the findings of a court of competent jurisdiction. In instances where City is shown to have been actively negligent and where City's active negligence accounts for only a percentage of the liability involved, the obligation of Contracting Party will be for that entire portion or percentage of liability not attributable to the active negligence of City. Exhibit F Page 1 of 2 121 d. Indemnification Provision for Design Professionals. 1. Applicability of this Section F.1(d). Notwithstanding Section F.1(a) hereinabove, the following indemnification provision shall apply to a Contracting Party who constitutes a "design professional" as the term is defined in paragraph 3 below. 2. Scope of Indemnification. When the law establishes a professional standard of care for Contracting Party's Services, to the fullest extent permitted by law, Contracting Party shall indemnify and hold harmless City and any and all of its officials, employees, and agents ("Indemnified Parties") from and against any and all losses, liabilities of every kind, nature, and description, damages, injury (including, without limitation, injury to or death of an employee of Contracting Party or of any subcontractor), costs and expenses, including, without limitation, incidental and consequential damages, court costs, reimbursement of attorneys' fees, litigation expenses, and fees of expert consultants or expert witnesses incurred in connection therewith and costs of investigation, to the extent same are caused by any negligent or wrongful act, error or omission of Contracting Party, its officers, agents, employees or subcontractors (or any entity or individual that Contracting Party shall bear the legal liability thereof) in the performance of professional services under this agreement. With respect to the design of public improvements, the Contracting Party shall not be liable for any injuries or property damage resulting from the reuse of the design at a location other than that specified in Exhibit A without the written consent of the Contracting Party. 3. Design Professional Defined. As used in this Section F.1(d), the term "design professional" shall be limited to licensed architects, registered professional engineers, licensed professional land surveyors and landscape architects, all as defined under current law, and as may be amended from time to time by Civil Code § 2782.8. F.2 Obligation to Secure Indemnification Provisions. Contracting Party agrees to obtain executed indemnity agreements with provisions identical to those set forth herein this Exhibit F, as applicable to the Contracting Party, from each and every subcontractor or any other person or entity involved by, for, with or on behalf of Contracting Party in the performance of this Agreement. In the event Contracting Party fails to obtain such indemnity obligations from others as required herein, Contracting Party agrees to be fully responsible according to the terms of this Exhibit. Failure of City to monitor compliance with these requirements imposes no additional obligations on City and will in no way act as a waiver of any rights hereunder. This obligation to indemnify and defend City as set forth in this Agreement are binding on the successors, assigns or heirs of Contracting Party and shall survive the termination of this Agreement. Exhibit F Page 2 of 2 122 City of La Quinta CITY COUNCIL MEETING: June 4, 2024 STAFF REPORT CONSENT CALENDAR ITEM NO. 5 AGENDA TITLE: APPROVE AMENDMENT NO. 4 TO AGREEMENT FOR CONTRACT SERVICES WITH OCEAN SPRINGS TECH, INC., FOR POOL AND WATER FEATURE MAINTENANCE SERVICES PROJECT NO. 2020-11, FOR A ONE-YEAR TERM EXTENSION AND RELATED COMPENSATION RECOMMENDATION Approve Amendment No. 4 to the Agreement for Contract Services with Ocean Springs Tech, Inc. for pool and water feature maintenance services Project No. 2020-11, for a one-year term extension and related compensation; and authorize the City Manager to execute the Agreement. EXECUTIVE SUMMARY • The City has contracted Ocean Springs Tech, Inc. (Ocean Springs) for pool and water feature maintenance services (maintenance services) since 2020, for the Fritz Burns Park pool and La Quinta Park splash pad water feature. • Amendment No. 4 proposes the fourth and final one-year term extension, a 5% increase of $8,566 in compensation, and an increase of $4,416 for additional water toy maintenance; for a total not to exceed amount of $110,886 for fiscal year (FY) 2024/25. FISCAL IMPACT Total maintenance services costs for FY 2024/25 are $110,886, which includes a 5% compensation increase of $8,566-1 and $4,416 for additional water toy maintenance. The annual cost is allocated between funds for Fritz Burns Pool Maintenance (101-3005- 60184) and the La Quinta Park Water Feature (101-3005-60554). These costs are currently included within the preliminary proposed FY 2024/25 City operating budget. FY Terms FY Total Compensation Initial Contract 10 months — Sept. 2020 — June 2021 2020/21 $ 65,100 Amendment No. 1 2021/22 $ 82,026 Amendment No. 2 2022/23 $ 87,768 Amendment No. 3 2023/24 $ 97,902 Amendment No. 4 2024/25 $ 110,886 123 BACKGROUND/ANALYSIS Maintenance services for the pool located at Fritz Burns Park, and splash pad at La Quinta Park, are typically provided seven days per week during the season and three days in the off season. On June 15, 2020, a request for qualifications and proposals was advertised to provide pool and splash pad maintenance services. Two proposals were received; the contract was awarded to Ocean Springs based on their qualifications. In May 2021, the City executed Amendment No. 1 which proposed a one-year term extension and 5% increase for FY 2021/22. In May 2022, the City executed Amendment No. 2 which proposed a one-year term extension and 7% increase for FY 2022/23. In May 2023, the City executed Amendment No. 3 which proposed a one-year term extension and 7% increase for FY 2023/24. Amendment No. 4 proposes the fourth and final one-year term extension, a 5% increase of $8,566 and $4,416 for cleaning spray nozzles and calcium buildup on the water toys at the splash pad. The increased amount of $110,886 for FY 2024/25 is budgeted for services seven days per week for 12 months. ALTERNATIVES Council may direct staff to prepare new bid documents and specifications to advertise for Citywide Pool & Water Feature Maintenance services. However, that would cause a delay in services. Prepared by: Dianne Hansen, Maintenance & Operations Superintendent Approved by: Bryan McKinney, Public Works/Engineering Director Attachment: 1. Amendment No. 4 to Agreement for Contract Services 124 ATTACHMENT 1 AMENDMENT NO. 4 TO AGREEMENT WITH OCEAN SPRINGS TECH, INC. PROJECT NO. 2020-11 This Amendment No. 4 ("Amendment No. 4") to the Contract Services Agreement ("Agreement") is made and entered into as of the 1St day of July 2024 ("Effective Date") by and between the CITY OF LA QUINTA ("City"), a California municipal corporation and OCEAN SPRINGS TECH, INC. ("Contracting Party"). RECITALS WHEREAS, on or about September 1, 2020, the City and Contracting Party entered into an Agreement to provide Pool & Water Feature Maintenance services Project No. 2020-11, for a total not to exceed price of $65,100 (10 months of service). The term of the Agreement expired on June 30, 2021 ("Initial Term"); and WHEREAS, on or about July 1, 2021, the City and Contracting Party executed Amendment No. 1 for a one-year term extension, from July 1, 2021 through June 30, 2022 ("Extended Term"), and a 5% increase in compensation for fiscal year 2021/22 in the amount of $82,060, approved by Council on May 18, 2021. WHEREAS, on or about July 1, 2022, the City and Contracting Party executed Amendment No. 2 for a one-year term extension, from July 1, 2022 through June 30, 2023 ("Extended Term"), and a 7% increase in compensation for fiscal year 2022/23 in the amount of $87,768, approved by Council on May 17, 2022. WHEREAS, on or about July 1, 2023, the City and Contracting Party executed Amendment No. 3 for a one-year term extension, from July 1, 2023 through June 30, 2024 ("Extended Term"), and a 7% increase in compensation for fiscal year 2022/23 in the amount of $97,904, approved by Council on June 6, 2023. WHEREAS, the City and Contracting Party mutually agree to extend the term of the Agreement for the fourth and final one-year extension in accordance with Section 3.4 - Term, from July 1, 2024 to June 30, 2025 ("Extended Term"). WHEREAS, City and Contracting Party mutually agree to amend Section 2.1 — Contract Sum of the Agreement by an additional amount of $110,886 for monthly maintenance seven days per week for fiscal year 2024/25, which includes a 5% increase of $8,566 and $4,416 for monthly maintenance of calcium removal and cleaning the water toy spray nozzles at the splash pad in La Quinta Park, for a total not to exceed Agreement amount of $443,684; and NOW THEREFORE, in consideration of the mutual covenant herein contained, the parties agree as follows: 125 AMENDMENT In consideration of the foregoing Recitals and the covenants and promises hereinafter contained, and for good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows: Section 2.1: Contract Sum is amended by up to an additional $110,886, for a total not to exceed amount of $443,684 as listed in revised "Exhibit B", attached hereto, and incorporated herewith by this reference: Initial Term (July 1, 2020 — June 30, 2021) $65,100 Extended Term (July 1, 2021 — June 30, 2022, Amendment 1) $82,026 Extended Term (July 1, 2022 — June 30, 2023, Amendment 2) $87,768 Extended Term (July 1, 2023 — June 30, 2024, Amendment 3) $97,904 Extended Term (July 1, 2024 — June 30, 2025, Amendment 4) $110,886 Total not to exceed amount: $443,684 2. Section 3.4; Term, is extended for one additional year from July 1, 2024, to June 30, 2025 ("Extended Term"), and shall read as follows: Unless earlier terminated in accordance with the provisions of Article 8.0 of this Agreement, the term of this agreement shall commence on September 1, 2020, and terminate on or before June 30, 2021 ("Initial Term"). This Agreement was extended via Amendment No.1 from July 1, 2021, through June 30, 2022, and via Amendment No. 2 from July 1, 2022 through June 30, 2023; and via Amendment No. 3 from July 1, 2023 through June 30, 2024 ("Extended Terms"). Amendment No. 4 is the final Amendment and shall extend the term of this Agreement from July 1, 2024 through June 30, 2025 ("Extended Terms"). In all other respects, the original Agreement shall remain in effect. 126 IN WITNESS WHEREOF, the City and Consultant have executed this Amendment No.4 to the Agreement on the respective dates set forth below. CITY OF LA QUINTA a California municipal Corporation and charter city JON McMILLEN, City Manager City of La Quinta, California DATED: ATTEST: MONIKA RADEVA, City Clerk City of La Quinta, California APPROVED AS TO FORM: WILLIAM H. IHRKE, City Attorney City of La Quinta, California OCEAN SPRINGS TECH, INC. Armando Rodriquez President DATED: Z/- / '�(Z (/ 127 Exhibit B Schedule of Compensation With the exception of compensation for Additional Services, provided for in Section 2.3 of this Agreement, the maximum total compensation to be paid to Contracting Party under this Agreement is not to exceed Four -Hundred and Forty -Three Thousand and Six -Hundred and Eighty -Four Dollars ($443,684) ("Contract Sum"), as listed below in detail. The Contract Sum shall be paid to Contracting Party in installment payments made on a monthly basis and in an amount identified in Contracting Party's schedule of compensation attached hereto for the work tasks performed and properly invoiced by Contracting Party in conformance with Section 2.2 of this Agreement. Initial Term (July 1, 2020 — June 30, 2021) $65,100 Extended Term (July1, 2021 — June 30, 2022, Amendment 1) $82,026 Extended Term (July 1, 2022 — June 30, 2023, Amendment 2) $87,768 Extended Term (July 1, 2023 — June 30, 2024, Amendment 3) $97,904 Extended Term (July 1, 2024 — June 30, 2025, Amendment 4) $110,886 Total not to exceed amount: $443,684 CONTRACT SUMMATION DESCRIPTION ANNUAL PRICE FRITZ BURNS PARK 78080 FRANCES HACK LANE POOL — Service 7 Days per Week $76,633 Including CAT500 Monitoring LA QUINTA PARK 79120 BLACK HAWK WAY SPLASH PAD WATER FEATURE $34,253 Service 7 Days Per Week Total: $110,886 DESCRIPTION ANNUAL PRICE FRITZ BURNS PARK 78080 FRANCES HACK LANE POOL — Service 3 Days per Week $31,160 LA QUINTA PARK 79120 BLACK HAWK WAY SPLASH PAD WATER FEATURE $16,665 Service 3 Days Per week Total: $47,825 128 City of La Quints CONSENT CALENDAR ITEM NO. 6 CITY COUNCIL MEETING: June 4, 2024 STAFF REPORT AGENDA TITLE: APPROVE AMENDMENT NO. 6 TO AB 2766 MEMORANDUM OF UNDERSTANDING WITH THE COACHELLA VALLEY ASSOCIATION OF GOVERNMENTS TO PROVIDE FUNDING FOR THE REGIONAL PM10 STREET SWEEPING PROGRAM RECOMMENDATION Approve Amendment No. 6 to AB 2766 Memorandum of Understanding with the Coachella Valley Association of Governments to provide funding for the Regional PM10 Street Sweeping Program, through June 30, 2026. EXECUTIVE SUMMARY • Since the early 1990s, the Coachella Valley Association of Governments (CVAG) and its member agencies have cooperated on a Regional PM10 Street Sweeping Program through a Memorandum of Understanding (MOU). The City entered into an MOU with CVAG in 2010 to provide funding for the street sweeping program. • The street sweeping program is currently funded by three main sources (1) Reallocation of a portion of Assembly Bill (AB) 2766 funds dispersed to individual jurisdictions based on vehicle license plate renewals; (2) Grant funding from the South Coast Air Quality Management District (SCAQMD); and (3) The Coachella Valley Air Quality Enhancement Fund managed by Riverside County, also known as Colmac funds. • Amendment No. 5 to the MOU between the City, CVAG, and its member jurisdictions is set to expire June 30, 2024. The proposed Amendment No. 6 maintains the City's contribution of AB 2766 funds at 75% for the next two years, through June 30, 2026. FISCAL IMPACT The proposed Amendment No. 6 to the MOU was approved by the CVAG Executive Committee on April 29, 2024, to maintain the City's contribution of AB 2766 funds at 75% for a 2-year period, through June 30, 2026. 129 BACKGROUND/ANALYSIS Since the early 1990s, CVAG and its member agencies have cooperated on the Regional PM 10 Street Sweeping Program. The program is the best available control measure to reduce PM 10 (particulate matter of less than 10 microns), which originates from dust - generated activities such as vehicle traffic and construction. PM 10 is a criteria air pollutant and poses a significant risk to public health if left unabated. The City entered into an MOU with CVAG and its member agencies in 2010 to provide funding for the program. Recent weather events such as the Valentine's Day storm in February 2019 and Tropical Storm Hilary in August 2023 brought an excessive amount of mud and sediment runoff, which along with severe winds have substantially increased the amount of dirt that needs to be swept from City streets. The street sweeping program is currently funded by three main sources: 1. Reallocation of a portion of AB 2766 funds dispersed to individual jurisdictions based on vehicle license plate renewals; 2. Grant funding from the SCAQMD; and 3. Colmac funds. The AB 2766 funding sent to the City by the SCAQMD is generated by a surcharge on annual DMV fees and must be used to reduce air pollution generated by motor vehicles. In previous years when funding from other sources tended to fluctuate, AB 2766 contributions from the City ranged from 33% to 100%. In June 2020, the CVAG Executive Committee approved Amendment No. 5 to the MOU requesting that the jurisdictional contribution level remain at 75% for four years, through June 30, 2024. The proposed Amendment No. 6 maintains the City's contribution at 75% for the next two years, through June 30, 2026. Identical MOU Amendments are being circulated to all participating member agencies for approval by their respective governing bodies. `,LTERNATIVES Council may elect not to approve Amendment No. 6; however, staff does not recommend this alternative as the MOU allows the City to maintain PM10 requirements. Prepared by: Oscar Mojica, Permit Technician Approved by: Monika Radeva, City Clerk Attachment: 1. Amendment 6 to AB 2766 Memorandum of Understanding 130 ATTACHMENT 1 AMENDMENT SIX TO AB 2766 MEMORANDUM OF UNDERSTANDING (MOU) BETWEEN COACHELLA VALLEY ASSOCIATION OF GOVERNMENTS AND CVAG MEMBER JURISDICTIONS JULY 1, 2024 The AB 2766 Memorandum of Understanding (MOU) is made and entered into by and between the Coachella Valley Association of Governments (CVAG) and the CVAG member jurisdictions. The parties acknowledge that this Amendment shall be for the period starting July 1, 2024, and shall bind the parties hereunder for the entire term of the two-year amendment; through June 30, 2026. The AB 2766 MOU is hereby amended through this Amendment Six as follows: 1) At their April 29, 2024, meeting, the Executive Committee approved to maintain CVAG's AB 2766 formula at 75% to provide sustainable funding of the Regional PM 10 Street Sweeping Program and related activities starting July 1, 2024 through June 30, 2026; 2) All other terms and conditions shall remain the same. COACHELLA VALLEY ASSOCIATION OF GOVERNMENTS By: Title: Scott M tas, CVAG Chair Date: April 29, 2024 CITY OF LA QUINTA By: Title Date: Linda Evans, Mayor 131 132 CONSENT CALENDAR ITEM NO. 7 City of La Quinta CITY COUNCIL MEETING: June 4, 2024 STAFF REPORT AGENDA TITLE: APPROVE AMENDMENT NO. 4 TO AGREEMENT FOR CONTRACT SERVICES WITH ACORN TECHNOLOGY SERVICES FOR MANAGED INFORMATION TECHNOLOGY SERVICES RECOMMENDATION Approve Amendment No. 4 to Agreement for Contract Services with Acorn Technology Services to amend Section 2.1 — Contract Sum, not to exceed $520,000 for the remainder of the contract term; and authorize the City Manager to execute the amendment. EXECUTIVE SUMMARY • In July 2019, the City entered into an Agreement for Contract Services (Agreement) with Acorn Technology Services (Acorn) for information technology services. • In April 2020, Council approved Amendment No. 1 for upgrades of equipment to enable remote work due to COVID-19. • In May 2021, Council approved Amendment No. 2 for an increase in the contract sum's not -to -exceed for initial procurement of security software and associated costs for yearly renewals and maintenance of the program. • In June 2022, the City executed Amendment No. 3 to extend the contract term for two additional years, through June 30, 2024. • Amendment No. 4 (Attachment 1) will increase the contract sum's not -to -exceed for associated costs already accrued for specialized procurement of hardware and software, anticipated contingency for transition services from the City's existing Managed Services Provider (MSP) to the new MSP, and for extension of existing security software during this transition. FISCAL IMPACT This Amendment will increase the contract's not -to -exceed total amount by $100,000 for the remainder of this contract's term, bringing the total contract amount to $2,200,000. Funds are available in the Information Technology Fund in Account No. 502-0000-60104, Consultants. 133 FY Terms Compensation 2019/20 $420,000 2020/21 $420,000 2021 /22 $420,000 2022/23 $420,000 2023/Remainder of Term $520,000 Grand Total: $2,200,000 BACKGROUND/ANALYSIS The City entered into an agreement with Acorn in July 2019. As part of Acorn's contracted services, they successfully overhauled the City's aging IT infrastructure to a reliable and robust network that allowed for a seamless transition to a remote workforce while also allowing for additional cost savings from relocating the City's cloud storage to a hosted environment of servers for the majority of the City's IT needs. Necessary security upgrades have occurred during the overhaul of the City's IT infrastructure to provide protection against threats. Cybercrime and attacks have become more sophisticated, necessitating additional software to assist with identification of potential vulnerabilities within the City's network, and additional work to remedy them in an expedient manner. The increased contract amount includes added costs for accrued expenses for procurement of cost -competitive equipment; such as computers, servers, and software during this fiscal year, maintenance fees for the cybersecurity suite purchased to protect the City's system during this transition from one MSP to the next, and a potential month to month contract extension as necessary until the handoff to the next provider is completed. ALTERNATIVES As these services and costs are critical to the City's continued IT Support infrastructure, staff does not recommend an alternative. Prepared by: Doug Kinley, Management Analyst Approved by: Jon McMillen, City Manager Attachment: 1. Contract Amendment No. 4 — Acorn Technology Services 134 ATTACHMENT 1 AMENDMENT NO. 4 TO AGREEMENT FOR CONTRACT SERVICES WITH ACORN TECHNOLOGY SERVICES This Amendment No. 4 ("Amendment 4") to Agreement for Managed Information Technology Services ("Agreement") is made and entered into as of the 5t" day of June, 2024, ("Effective Date") by and between the CITY OF LA QUINTA ("City"), a California municipal corporation and ACORN TECHNOLOGY SERVICES ("Contracting Party"). RECITALS WHEREAS, on or about July 9, 2019, the City and Vendor entered into an Agreement to provide Managed Information Technology Services for a total not to exceed amount of $1,650,000. The term of the Agreement expired on June 30, 2022 ("Initial Term"); and WHEREAS, on or about April 7, 2020, the City amended the Agreement with Contracting Party as Amendment No. 1 to provide additional information technology services for fiscal year 2019/20; and WHEREAS, on or about May 18, 2021, the City amended the Agreement with Contracting Party as Amendment No. 2 to provide additional information technology services for remaining fiscal years 2020/21, 2021/22, 2022/23, 2023/2024, bringing the new contract total not to exceed amount to $2,100,000; and WHEREAS, on or about June 27, 2022, the City amended the Agreement with Contracting Party as Amendment No. 3 to extend the contract term two additional years, until 2024; and WHEREAS, Section 2.1 Contract Sum of the Agreement shall be amended to include compensation for the remainder of services in the amount of $100,000, for a total not to exceed amount of $2,200,000. NOW THEREFORE, in consideration of the mutual covenant herein contained, the parties agree as follows: AMENDMENT In consideration of the foregoing Recitals and the covenants and promises hereinafter contained, and for good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows: 1. Section 2.1 — Contract Sum is amended to read as follows: Section 2.1 — Contract Sum. For the services rendered pursuant to this Agreement for Fiscal Year 2023/Remainder of Agreement, Contracting Party shall be compensated an additional $100,000, for a total contract not -to -exceed amount of $2,200,000. In all other respects, the original Agreement shall remain in effect. 135 IN WITNESS WHEREOF, the City and Contracting Party have executed this Amendment No. 4 to the Agreement on the respective dates set forth below. CITY OF LA QUINTA a California municipal corporation JON McMILLEN, City Manager City of La Quinta, California Dated: /_1MIX39 MONIKA RADEVA, City Clerk City of La Quinta, California /_1»doD1IID7_V2r0119A V LTA5 WILLIAM H. IHRKE, City Attorney City of La Quinta, California ACORN TECHNOLOGY SERVICES Craig Wolynez, CEO Dated: Dated: 136 Exhibit B Schedule of Compensation With the exception of compensation for Additional Services, provided for in Section 2.3 of this Agreement, the maximum total compensation to be paid to Contracting Party under this Agreement in Fiscal Year 2023/Remainder of the Contract is Two Million Two Hundred Thousand Dollars ($2,200,000) ("Contract Sum"). 137 138 CONSENT CALENDAR ITEM NO. 8 City of La Quinta CITY COUNCIL MEETING: June 4, 2024 STAFF REPORT AGENDA TITLF AUTHORIZE THE PUBLIC WORKS DEPARTMENT TO UTILIZE PWLC II, INC. FOR ADDITIONAL SPENDING AUTHORITY UP TO $70,000 FOR ADDITIONAL WORK IN FISCAL YEAR 2023/24, AS A SINGLE SOURCE FOR MAINTENANCE SERVICES WITHIN THE LIGHTING AND LANDSCAPE ASSESSMENT DISTRICT 89-1 WHEN THEY ARE THE QUALIFIED AND/OR LOWEST BIDDER RECOMMENDATION Authorize the Public Works Department to utilize PWLC II, Inc. for additional spending authority up to $70,000 for additional work in fiscal year 2023/24, as a single source for maintenance services within the Lighting and Landscape Assessment District 89-1 when they are the qualified and/or lowest bidder. EXECUTIVE SUMMAKY • The City contracts PWLC, Inc. (PWLC) for Maintenance Services in the Lighting & Landscape Assessment District 89-1 Maintenance Services (L&L), Project No. 2018-30. The agreement allows for PWLC to be paid for extra work as maintenance needs arise throughout the L&L. • On July 18, 2023, Council authorized the City to utilize PWLC as a single source for landscape maintenance work within the L&L and additional spending authority up to $150,000. • Per the City's Purchasing and Contracting policy, expenditures of over $50,000 must be approved by Council. Staff requests spending authority for an additional amount of $70,000 in the fiscal year (FY) 2023/24 for additional maintenance services in the L&L. FISCAL IMPACT The $70,000 (total amount $220,000 in FY 2023/24) would be charged in increments, as needed, to the maintenance services account (215-7004-60691) for additional work within the L&L areas, should PWLC be awarded any other bid in 2023/24. 139 BACKGROUND/ANALYSIS PWLC provides quality work and is contracted with the City for L&L landscape maintenance services. The landscape contract with PWLC allows for extra services on request, such as plant replacement, tree removal, irrigation repairs, and emergency callouts. However, the dollar amount for extra work is not specified. On July 18, 2023, Council authorized PWLC to be utilized as a single source for landscape refreshing and restoration within the L&L, and additional spending authority up to $150,000. Staff anticipates additional landscape refresh and restoration within the L&L maintenance areas in fiscal year 2023/24 and requests authorization to utilize PWLC for an additional amount of $70,000 for this extra work. Each project would be subject to the City's current purchasing policy. ALTERNATIVES Staff could request approval from Council for any future work awarded to PWLC on an as - needed basis. However, this approach will delay completion schedules. Prepared by: Dianne Hansen, Maintenance & Operations Superintendent Approved by: Bryan McKinney, Public Works Director/City Engineer 140 CONSENT CALENDAR ITEM NO. 9 PULLED FROM CONSENT CALENDAR AND CONSIDERED AS BUSINESS SESSION ITEM NO. 1 City of La Quinta CITY COUNCIL MEETING: June 4, 2024 STAFF REPORT AGENDP TITLE: ADOPT RESOLUTION IN SUPPORT OF THE PROPOSED CHUCKWALLA NATIONAL MONUMENT RECOMMENDATION Adopt a resolution in support of the establishment of the proposed Chuckwalla National Monument and expansion of Joshua Tree National Park by use of the Antiquities Act by the President or through legislation in the U.S. Congress. EXECUTIVE SUMMARY The proposed Chuckwalla National Monument (Monument) would protect approximately 660,000 acres of federal public lands from the Coachella Valley region in the west to the Colorado River in the east. Proponents say the legislation or use of the Antiquities Act would protect approximately 17,000 acres of public lands adjacent to the east side of Joshua Tree National Park (JTNP). This would connect the Park with the proposed Monument and other protected areas, ensure connectivity for desert bighorn sheep, burro, deer and other wildlife impacted by climate change, and preserve places of cultural and historical importance. The lands proposed for protection include the homelands of the Iviatim, Nuwu, Pipa Aha Macav, Kwatsaan and Maara'yam peoples (Cahuilla, Chemehuevi, Mojave, Quechan and Serrano nations). FISCAL IMPACT ilk •= 3ACKGROUND/ANALYSIS A coalition of local nonprofits and other organizations (the Protect California Deserts coalition) is working with U.S. Representative Raul Ruiz and Senators Alex Padilla and Laphonza Butler to gain the support of the Biden Administration on a proposal to conserve federal public lands in Riverside and Imperial Counties for present and future generations to enjoy. The proposal would designate a new Chuckwalla National Monument that would 141 border the southern edge of Joshua Tree National Park and permanently protect recreational access to popular places like the Mecca Hills and Orocopia Mountains. The proposed protections would honor and recognize the cultural histories of Indigenous peoples, enhance access to world -class nature for area residents and visitors, protect fragile desert wildlife by providing connectivity between protected lands, and help boost local economies. The proposed Monument includes numerous places that Coachella Valley communities enjoy for outdoor recreation, including Painted Canyon and Box Canyon in the Mecca Hills area, Corn Springs campground, and the Bradshaw Trail. The Monument and JTNP expansion would permanently protect the lands included in these proposals and help safeguard the vast desert ecosystems, habitats for species like the chuckwalla lizard and desert tortoise, and the migration corridors for desert bighorn sheep. In addition, this expansion would protect World War II training sites, numerous historic mines and mining artifacts from the 1800s, and approximately 40 miles of the historic Bradshaw Trail. All lands included in this proposal are within the new 25th Congressional District, which Representative Ruiz represents. On September 21, 2023, Representative Ruiz introduced H.R. 5660, the Chuckwalla National Monument Establishment and Joshua Tree National Park Expansion Act of 2023, a bill to "provide for the protection of natural and cultural resources, Tribal collaborative management, sustainable economic development, enhanced recreation, and equitable access on Federal lands in eastern Imperial and Riverside counties, California, and for other purposes." On April 16, 2024, Senators Padilla and Butler joined Representative Ruiz to announce bicameral legislation (H.R. 8031, S. 4132) to create the Chuckwalla National Monument and expand Joshua Tree National Park. They also urged President Joe Biden to use the authority granted by the Antiquities Act to establish the Chuckwalla National Monument and expand Joshua Tree National Park by approximately 17,915 acres to be managed by the National Park Service. i►L- TERNATIVES Council may decide not to support the Resolution. Prepared by: Sherry Barkas, Marketing and Communications Specialist Approved by: Jon McMillen, City Manager Attachment: 1. Map of proposed Chuckwalla National Monument and Joshua Tree National Park expansion 142 RESOLUTION NO. 2024 — XXX A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, IN SUPPORT OF THE ESTABLISHMENT OF THE PROPOSED CHUCKWALLA NATIONAL MONUMENT AND EXPANSION OF JOSHUA TREE NATIONAL PARK WHEREAS, the proposed Chuckwalla National Monument and expansion of Joshua Tree National Park contain spectacular public lands that are a scenic, environmental, economic, cultural, and recreational resource both locally as well as across our state; and WHEREAS, the proposed Chuckwalla National Monument and expansion of Joshua Tree National Park support year-round habitats for diverse wildlife such as desert bighorn sheep, desert tortoise, a wide variety of birds, and many other species; and WHEREAS, publicly owned and federally managed desert lands constitute a public wildland resource of extraordinary and inestimable value and deserve to be protected for present and future generations; and WHEREAS, securing permanent protection for the proposed Chuckwalla National Monument and expansion of Joshua Tree National Park will secure the quality of life and recreational opportunities directly related to our public lands for generations to come; and WHEREAS, multiple studies have shown that National Monuments create jobs and support positive economics for communities nearby; and WHEREAS, these areas contain significant cultural, archeological, historic, and scientific values worthy of permanent protection; and WHEREAS, it remains in the City's interest to maintain and protect the California desert as a recreational resource and a place for citizens of and visitors to La Quinta to recreate, spend time with family, or simply gaze into the night sky. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of La Quinta hereby affirms its support for the establishment via legislation or executive action of the proposed Chuckwalla National Monument and expansion of Joshua Tree National Park; and BE IT FURTHER RESOLVED that the City Council asks President Biden to designate the proposed Chuckwalla National Monument and expansion of Joshua Tree National Park promptly through Presidential proclamation via the Antiquities Act; and 143 Resolution No. 2024 — xxx Support of proposed Chuckwalla National Monument Adopted: June 4, 2024 Page 2 of 2 BE IT FURTHER RESOLVED that the City Council hereby directs the Clerk to send a copy of this resolution to United States President Joe Biden, Representative Dr. Raul Ruiz, Representative Ken Calvert, Senator Laphonza Butler, and Senator Alex Padilla. PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta City Council held on this 4th day of June 2024, by the following vote: AYES: NOES: ABSENT: ABSTAIN: LINDA EVANS, Mayor City of La Quinta, California ATTEST: MONIKA RADEVA, City Clerk City of La Quinta, California APPROVED AS TO FORM: WILLIAM H. IHRKE, City Attorney City of La Quinta, California 144 ATTACHMENT 1 Proposed Chuckwalla National Monument and Joshua Tree National Park Expansion _ n Banni 10 Na Beaumont Thousand 111 palms Bermuda Dunes Indian Wells Coac e[l La Quinta Therm r Oasis Borrego Springs Proposed Chuckwalla National Monument Joshua Tree National Park Proposed Expansion Joshua Tree National Park FDepartment of Defense 0 Blythe Ripley ✓erde ARIZONA 20 Miles 145 146 CONSENT CALENDAR ITEM NO. 10 City of La Quinta CITY COUNCIL MEE I INC3: June 4, 2024 STAFF REPORT AGENDA TITLE: AUTHORIZE OVERNIGHT TRAVEL FOR JUNIOR ACCOUNTANT AND FINANCE MANAGER TO ATTEND THE CALPERS EDUCATIONAL FORUM IN SAN DIEGO, CALIFORNIA, OCTOBER 28-30, 2024 RECOMMENDATION Authorize overnight travel for two employees from the Finance department to attend the CalPERS Educational Forum in San Diego, California, October 28-30, 2024. EXECUTIVE SUMMARY • CalPERS provides retirement, disability and health benefits for the City and sponsors training programs taught by CalPERS experts. • Payroll and all CalPERS reporting requirements are processed by Finance, in addition to payments for health benefit invoices. • The Finance division seeks additional knowledge in the administration of CaIPERS benefits and reporting requirements. FISCAL IMPACT Estimated expenses are $1,500 per attendee, which includes registration, travel, lodging, and meals. Funds are included in the Finance travel and training budget (Account No. 101-1006-60320). 3ACKGROUND/ANALYSIS The City provides retirement, disability and health benefits through CalPERS. The annual forum is dedicated to assisting members with the administration of CalPERS-related responsibilities. In addition, CaIPERS Board Members, Directors, and Chief Actuaries attend and participate as keynote speakers, session instructors, and in one-on-one discussions. The CalPERS Educational Forum provides training in reporting and documentation of employee membership, payroll, and service credits; actuarial reporting for unfunded pension obligations; basic and complex scenarios involving separation from service, 147 moving between reciprocal retirement systems, and enrollment of members; working after retirement; reducing agency liabilities; and common audit issues for public agencies. The City processes payroll for all employees, commissioners, and Council members internally. Finance is responsible for verifying and processing payroll. Responsibilities include ensuring accurate reporting of retirement and health benefits to CalPERS, annual California Transparency reporting to the State, processing all quarterly and annual payroll reports to the State and Internal Revenue Service, and ensuring all taxes are paid to the appropriate entities with each payroll period. In order to keep up with ever -evolving regulatory requirements, attending this educational forum mitigates risk and ensures that the City is keeping up with current workplace challenges and compliance requirements. Regulatory requirements are constantly updated and the conference schedule includes a large number of sessions dedicated to key items in all aspects of finance, payroll, benefits administration and membership, and leadership and management. ALTERNATIVES The Council may elect to reduce the number of attendees or not have anyone attend. Prepared by: Virginia Ortega, Finance Manager Approved by: Claudia Martinez, Finance Director 148 CONSENT CALENDAR ITEM NO. 11 City of La Quinta CITY COUNCIL MEETING: June 4, 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 Financial Advisory Commission. 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. 149 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 150 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: ATTACHMENT For Fiscal: 2023/24 Period Ending: Revenue Summary Variance03/31/2024 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 3 151 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 3 152 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. 153 Page 3 of 3 154 CONSENT CALENDAR ITEM NO. 12 City of La Quinta CITY COUNCIL MEETING: June 4, 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 $249.4 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% (1) LAIF is subject to maximum dollar amount not a percentage of the portfolio (2) Funds held by fiscal agent and the LAIF Housing funds are governed by bond indentures and not subject to City Investment Policy (3) OPEB and pension trusts are fiduciary accounts and not subject to City Investment Policy 155 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 to cover bank fees and sufficient liquidity for 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. 156 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 157 t(v Qa 1 0 (r(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 1 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 issued by our financial institutions to determine the fair market value of investments at month end. Claudia Martinez, Finance Director/City Treasurer Reporting period 01/01/2024-01131/2024 Run Date: 05/17/2024 - 12,17 Portfolio CITY CID PM (PRF_PM1) 7.3.0 Report Ver. 7.3.6.1 158 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 CP PM (PRF_PM2) 7.3.0 Report Ver. 7.3.6.1 159 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 Run Date: 05/17/2024 - 12:17 Portfolio CITY CP PM (PRF_PM2) 7.3.0 160 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 CP PM (PRF_PM2) 7.3.0 161 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 912828B66 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 Run Date: 05/17/2024 - 12:17 Portfolio CITY CP PM (PRF_PM2) 7.3.0 162 City of La Quinta Portfolio Management Portfolio Details - Investments January 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 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 Treasury Discount Notes 912796CX5 1542 U.S. Treasury 912797HH3 1551 U.S. Treasury 912797HS9 1558 U.S. Treasury Certificate of Deposits 336460CX6 1222 31911KAK4 1515 32027BALl 1273 33766LAJ7 1216 32056GDJ6 1278 32112UDR9 1274 334342CD2 1221 32114VBT3 1250 33625CCP2 1209 33640VDD7 1231 88413QDN5 1420 00257TBD7 1207 00435JBH5 1256 00833JAQ4 1478 01025RAG4 1510 011852AEO 1469 01882MAC6 1451 01664MAB2 1448 02007GPX5 1388 020080BX4 1267 029728BC5 1255 02589ADH2 1421 02357QAQO 1372 052392BT3 1427 Run Date: 05/17/2024 - 12:17 Subtotal and Average 4,869,608.38 45,500,000.00 44,083,962.50 44,614,612.82 1,256 776 3.255 10/18/2023 2,000,000.00 11 /06/2023 1,000,000.00 12/04/2023 2,000,000.00 5,000,000.00 1,977,780.00 1,945,964.16 5.315 183 77 5.615 04/18/2024 986,850.00 974,178.00 5.222 178 91 5.511 05/02/2024 1,966,060.00 1,949,466.22 5.110 178 119 5.389 05/30/2024 4,930,690.00 4,869,608.38 180 97 5.504 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 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 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 FirsTier Bank 08/23/2019 249,000.00 244,302.99 249,000.00 1.950 1,827 204 1.952 08/23/2024 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 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 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 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 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 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 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 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 Access Bank 03/13/2020 248,000.00 238,191.11 248,000.00 1.600 1,826 406 1.601 03/13/2025 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 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 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 AlliantCU 12/30/2022 247,000.00 251,240.84 247,000.00 5.000 1,826 1,428 5.003 12/30/2027 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 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 Alma Bank 03/30/2020 248,000.00 237,328.64 248,000.00 1.400 1,824 421 1.399 03/28/2025 American State 02/21/2020 248,000.00 238,679.77 248,000.00 1.600 1,827 386 1.602 02/21/2025 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 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 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 CP PM (PRF_PM2) 7.3.0 163 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 23204HPB8 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 Run Date: 05/17/2024 - 12:17 Portfolio CITY CP PM (PRF_PM2) 7.3.0 164 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 365 Maturity 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 CIF 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 & March 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 Run Date: 05/17/2024 - 12:17 Portfolio CITY CP PM (PRF_PM2) 7.3.0 165 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 61760A3133 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 Run Date: 05/17/2024 - 12:17 Portfolio CITY CP PM (PRF_PM2) 7.3.0 166 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 Mad 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 Run Date: 05/17/2024 - 12:17 Portfolio CITY CID PM (PRF_PM2) 7.3.0 167 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 07/01/2016 14,016.10 14,016.10 14,016.10 1 1 0.000 Subtotal and Average 13,960.82 14,016.10 14,016.10 14,016.10 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 PblcAgncyRtrmntSery 5,530,137.46 5,530,137.46 5,530,137.46 1 1 0.000 Subtotal and Average 5,543,890.19 5,530,137.46 5,530,137.46 5,530,137.46 1 1 0.000 Total and Average 229,650,268.35 247,445,222.14 242,659,082.79 246,058,476.86 878 480 3.305 Portfolio CITY CID Run Date: 05/17/2024 - 12:17 PM (PRF_PM2) 7.3.0 168 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 93882861-112 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. 7.3.6.1 169 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 06652CHBO 1227 101 BNKWST 248,000.00 248,000.00 248,000.00 1.700 1.700 358.07 0.00 0.00 358.07 059731851 1228 101 BOTW 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 538036GVO 1238 101 LIVEOK 248,000.00 248,000.00 248,000.00 1.800 1.800 379.13 0.00 0.00 379.13 912828YV6 1241 101 USTR 1,000,000.00 989,687.50 989,687.50 1.500 1.511 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 3133ELNEO 1246 101 FFCB 1,000,000.00 999,000.00 999,000.00 1.430 1.404 1,191.67 0.00 0.00 1,191.67 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 17286TAGO 1252 101 CITADL 248,000.00 248,000.00 248,000.00 1.650 1.650 347.54 0.00 0.00 347.54 029728BC5 1255 101 AMERST 248,000.00 248,000.00 248,000.00 1.600 1.600 337.01 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. 7.3.6.1 170 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 313OAKN28 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 14622LAAO 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. 7.3.6.1 171 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 795451AFO 1327 101 SALMAE 248,000.00 248,000.00 248,000.00 1.000 1.000 210.63 0.00 0.00 210.63 89388CEYO 1328 101 TABBK 248,000.00 248,000.00 248,000.00 0.400 0.400 84.25 0.00 0.00 84.25 06417NZQ9 1329 101 BKOZK 248,000.00 248,000.00 248,000.00 0.400 0.400 84.25 0.00 0.00 84.25 3133EM2C5 1330 101 FFCB 500,000.00 498,000.00 498,000.00 0.710 0.699 295.83 0.00 0.00 295.83 70962LAF9 1331 101 PENTGN 249,000.00 249,000.00 249,000.00 0.700 0.700 148.04 0.00 0.00 148.04 87165ET98 1332 101 SYNCHR 245,000.00 245,000.00 245,000.00 0.900 0.900 187.28 0.00 0.00 187.28 05580AD50 1333 101 BMW 245,000.00 245,000.00 245,000.00 0.650 0.650 135.26 0.00 0.00 135.26 20786ADL6 1334 101 CONNEC 248,000.00 248,000.00 248,000.00 0.800 0.800 168.50 0.00 0.00 168.50 91282CCP4 1335 101 USTR 1,000,000.00 983,750.00 983,750.00 0.625 0.630 526.68 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 91282CBEO 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 59013KPNO 1345 101 MRRCK 249,000.00 249,000.00 249,000.00 1.100 1.100 232.63 0.00 0.00 232.63 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 1.964 833.33 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 313OAQF65 1358 101 FHLB 1,000,000.00 999,750.00 999,750.00 1.250 1.227 1,041.67 0.00 0.00 1,041.67 3134GW6C5 1359 101 FHLMC 500,000.00 486,000.00 486,000.00 0.800 0.808 333.33 0.00 0.00 333.33 91282CBV2 1360 101 USTR 500,000.00 494,882.81 494,882.81 0.375 0.378 158.81 0.00 0.00 158.81 3137EAEU9 1361 101 FHLMC 500,000.00 487,090.00 487,090.00 0.375 0.378 156.25 0.00 0.00 156.25 3134GW5R3 1362 101 FHLMC 400,000.00 391,360.00 391,360.00 0.650 0.652 216.67 0.00 0.00 216.67 307811DF3 1363 101 FARMER 249,000.00 249,000.00 249,000.00 0.900 0.900 190.33 0.00 0.00 190.33 3130AQJR5 1364 101 FHLB 1,000,000.00 1,000,000.00 1,000,000.00 1.500 1.472 1,250.00 0.00 0.00 1,250.00 3135G031.15 1365 101 FNMA 500,000.00 487,790.00 487,790.00 0.625 0.629 260.42 0.00 0.00 260.42 3134GWUQ7 1366 101 FHLMC 1,000,000.00 945,570.00 945,570.00 0.700 0.726 583.34 0.00 0.00 583.34 Run Date: 05/17/2024 - 12:19 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 172 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 02357QAQO 1372 101 AMRNT 245,000.00 245,000.00 245,000.00 1.600 1.600 332.93 0.00 0.00 332.93 59161YAP1 1373 101 METRO 249,000.00 249,000.00 249,000.00 1.700 1.700 359.52 0.00 0.00 359.52 3130AQWY5 1374 101 FHLB 1,000,000.00 1,000,000.00 1,000,000.00 1.700 1.668 1,416.67 0.00 0.00 1,416.67 27004PCM3 1375 101 EGLMRK 245,000.00 245,000.00 245,000.00 2.000 2.000 416.16 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 9128286S4 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 9128283DO 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. 7.3.6.1 173 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 91282CFB2 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 914242AAO 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 3133EN31-11 1441 101 FFCB 1,000,000.00 998,650.00 998,650.00 4.000 3.930 3,333.33 0.00 0.00 3,333.33 914098DJ4 1442 101 UNIVBK 249,000.00 249,000.00 249,000.00 4.200 4.200 888.21 0.00 0.00 888.21 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 78472EABO 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 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 3.485 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 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 011852AEO 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. 7.3.6.1 174 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 35089LAFO 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 9128281366 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 91282CDVO 1519 101 USTR 0.00 975,600.00 0.00 0.875 31.319 713.32 0.00 24,400.00 25,113.32 05765LBUO 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. 7.3.6.1 175 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 3133EPQDO 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 9128282N9 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 91282CFUO 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 912797HH3 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 913065ADO 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 77357DADO 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. 7.3.6.1 176 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. 7.3.6.1 177 t(v Qa 1 0 (r(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. 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. 7.3.6.1 178 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 Subtotal and Average Local Agency Invstmnt Fund -Housing 25-33-005 1113 Local Agency Inv Fund Subtotal and Average 19,669,740.01 2,105,608.10 19,669,740.01 19,669,740.01 19,152,922.65 19,152,922.65 2,105,608.10 2,074,507.44 2,105,608.10 2,074,507.44 19,669,740.01 4.122 19,669,740.01 2,105,608.10 4.122 2,105,608.10 1 1 1 1 1 4.122 1 4.122 1 4.122 Money Market/Mutual Funds TYCXX 1575 Invesco Treasury Portfolio Subtotal and Average 10,718,321.07 02/05/2024 14,850,894.25 14,850,894.25 14,850,894.25 14,850,894.25 14,850,894.25 14,850,894.25 5.180 1 1 1 1 5.180 5.180 Money Market Accounts - CAMP SYS1153 1153 California Asset Management Pr 09/26/2018 30,405,450.26 30,405,450.26 30,405,450.26 5.500 1 1 5.500 Subtotal and Average 30,278,004.50 30,405,450.26 30,405,450.26 30,405,450.26 1 1 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 CP Run Date: 05/17/2024 - 12:15 PM (PRF_PM2)p.3.0 Report V177:3.6.1 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 3130AP2U8 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 Run Date: 05/17/2024 - 12:15 Portfolio CITY CP PM (PRF_PM2) 7.3.0 180 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 Run Date: 05/17/2024 - 12:15 Portfolio CITY CP PM (PRF_PM2) 7.3.0 181 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 Run Date: 05/17/2024 - 12:15 Portfolio CITY CP PM (PRF_PM2) 7.3.0 182 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 Run Date: 05/17/2024 - 12:15 Portfolio CITY CP PM (PRF_PM2) 7.3.0 183 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 130162BL3 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 Run Date: 05/17/2024 - 12:15 Portfolio CITY CP PM (PRF_PM2) 7.3.0 184 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 CIF 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 Run Date: 05/17/2024 - 12:15 Portfolio CITY CP PM (PRF_PM2) 7.3.0 185 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 Run Date: 05/17/2024 - 12:15 Portfolio CITY CP PM (PRF_PM2) 7.3.0 186 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 795451AFO 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 Run Date: 05/17/2024 - 12:15 Portfolio CITY CP PM (PRF_PM2) 7.3.0 187 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 Run Date: 05/17/2024 - 12:15 251,407,270.55 246,192,683.63 250,035,742.39 895 502 3.630 Portfolio CITY CID PM (PRF_PM2) 7.3.0 188 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 938828131-112 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 06652CHBO 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. 7.3.6.1 189 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 538036GVO 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 3133ELNEO 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 17286TAGO 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 00435JBH5 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. 7.3.6.1 190 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 313OAKN28 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 14622LAAO 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. 7.3.6.1 191 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 795451AFO 1327 101 SALMAE 248,000.00 248,000.00 248,000.00 1.000 1.000 197.04 0.00 0.00 197.04 89388CEYO 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 59013KPNO 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 313OAQF65 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. 7.3.6.1 192 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 02357QAQO 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 9128286S4 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 9128283DO 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 9128282U3 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. 7.3.6.1 193 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 914242AAO 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 34520LATO 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 9128282RO 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 78472EABO 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 011852AEO 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 064860MCO 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. 7.3.6.1 194 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 35089LAFO 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 05765LBUO 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 3133EPQDO 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. 7.3.6.1 195 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 91282CFUO 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 912797HH3 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 913065ADO 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 77357DADO 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 130162131-3 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. 7.3.6.1 196 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 3134H1UX9 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 3133EP3B9 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 Fund: Fiscal Agent SYS1058 1058 231 USBANK Subtotal Fund: Housing Authority : WSA and LQ SYS1062 1062 241 LQPR Subtotal Fund: SA Low/Mod Bond Fund 25-33-005 1113 249 LAIF Subtotal Run Date: 05/17/2024 - 12:20 247,472,237.94 1,695,737.09 1,695,737.09 133,687.42 133,687.42 2,105,608.10 2,105,608.10 243,817,140.92 14,016.10 14,016.10 121,711.74 121.711.74 2,105,608.10 2,105,608.10 246,100,709.78 3.708 1,695,737.09 5.129 1,695,737.09 5.129 656,714.81 0.00 57.12 0.00 57.12 0.00 95,820.56 752,535.37 0.00 57.12 0.00 57.12 133,687.42 0.00 0.00 0.00 133,687.42 0.00 0.00 0.00 2,105,608.10 4.122 4.291 7,178.29 0.00 0.00 2,105,608.10 4.291 7,178.29 0.00 0.00 Total 251,407,270.55 246,058,476.86 250,035,742.39 3.711 663,950.22 0.00 0.00 7,178.29 7,178.29 0.00 95,820.56 759,770.78 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 197 t(v Qa 1 0 (r(V GEM of the DESERT Investments Bank Accounts CAMP TERM Local Agency Investment Fund -City Local Agency Invstmnt Fund -Housing Money Market/Mutual Funds Money Market Accounts - CAMP Federal Agency Coupon Securities Treasury Coupon Securities Treasury Discount Notes Certificate of Deposits Corporate Notes Money Market with Fiscal Agent CERBT - OPEB Trust PARS Pension Trust Investments Cash, Pending Redemptions Pending Redemptions Subtotal Total Cash, Pending Redemptions and Investments City of La Quinta City of La Quinta Portfolio Management Portfolio Summary March 31, 2024 Par Market Book % of Days to YTM Value Value Value Portfolio Term Maturity 365 Equiv. 2,080,265.49 2,080,265.49 2,080,265.49 0.83 1 1 0.000 20,000,000.00 20,000,000.00 20,000,000.00 8.02 263 11 5.645 19, 669, 740.01 19,152,922.65 19,669,740.01 7.89 1 1 4.232 2,105,608.10 2,074,507.44 2,105,608.10 0.84 1 1 4.232 18,581,900.57 18,581,900.57 18,581,900.57 7.45 1 1 5.179 30,546,571.66 30,546,571.66 30,546,571.66 12.25 1 1 5.480 58,500,000.00 56,398,376.00 58,253,646.58 23.36 1,554 865 2.672 41,500,000.00 39,825,322.50 40,621,131.25 16.29 1,379 829 3.137 7,000,000.00 6,950,050.00 6,834,028.38 2.74 164 49 5.451 40,562,000.00 39,831,600.38 40,561,377.50 16.27 1,634 831 3.060 2,500,000.00 2,435,135.00 2,473,790.00 0.99 1,821 1,482 3.689 1,650.21 1,650.21 1,650.21 0.00 1 1 0.000 1,999,431.68 1,999,431.68 1,999,431.68 0.80 1 1 0.000 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 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 LSy/ 4au 3.Uyi3 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 Run Date: 05/17/2024 - 11:12 Portfolio CITY CID PM (PRF_PM1) 7.3.0 Report Ver. 7.3.6.1 198 City of La Quinta Portfolio Management March 31, 2024 Claudia Martinez, Finance Director/City Treasurer Reporting period 03/01/2024-03/31/2024 Run Date: 05/17/2024 - 11,12 Page 2 Portfolio CITY CID PM (PRF_PM1) 7.3.0 Report Ver. 7.3.6.1 199 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 CP PM (PRI=_PM7) 7.3.0 Report 4cq.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 08/02/2019 500,000.00 494,735.00 499,500.00 1.850 1,820 116 1.871 07/26/2024 3133EKP75 1224 Federal Farm Credit Bank 09/17/2019 500,000.00 491,260.00 498,750.00 1.600 1,827 169 1.652 09/17/2024 3133ELEA8 1242 Federal Farm Credit Bank 12/17/2019 1,000,000.00 982,960.00 998,600.00 1.700 1,736 169 1.731 09/17/2024 3133ELH23 1280 Federal Farm Credit Bank 06/09/2020 500,000.00 474,945.00 499,850.00 0.500 1,826 434 0.506 06/09/2025 3133ELH80 1282 Federal Farm Credit Bank 06/10/2020 500,000.00 475,160.00 500,000.00 0.680 1,826 435 0.680 06/10/2025 Portfolio CITY CP Run Date: 05/17/2024 - 11:12 PM (PRF_PM(2�)�17.3.0 Report 441.6.1 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 3133EN3H1 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 Run Date: 05/17/2024 - 11:12 Portfolio CITY CP PM (PRF_PM2) 7.3.0 202 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 365 Maturity 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 Run Date: 05/17/2024 - 11:12 Portfolio CITY CP PM (PRF_PM2) 7.3.0 203 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 Run Date: 05/17/2024 - 11:12 Portfolio CITY CP PM (PRF_PM2) 7.3.0 204 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 9128286B1 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 912797HH3 1551 912797HS9 1558 912796ZW2 1582 U.S. Treasury U.S. Treasury U.S. Treasury U.S. Treasury Subtotal and Average 6,834,028.38 10/18/2023 11/06/2023 12/04/2023 02/15/2024 2,000,000.00 1,000,000.00 2,000,000.00 2,000,000.00 7,000,000.00 1,995,020.00 995,450.00 1,982,760.00 1,976,820.00 6,950,050.00 1,945,964.16 974,178.00 1,949,466.22 1,964,420.00 6,834,028.38 5.315 5.222 5.110 5.083 183 178 178 126 164 17 31 59 80 49 5.615 5.511 5.389 5.320 5.451 04/18/2024 05/02/2024 05/30/2024 06/20/2024 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 Run Date: 05/17/2024 - 11:12 Portfolio CITY CP PM (PRF_PM2) 7.3.0 205 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 130162BL3 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 Run Date: 05/17/2024 - 11:12 Portfolio CITY CP PM (PRF_PM2) 7.3.0 206 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 CIF 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 & March 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 Run Date: 05/17/2024 - 11:12 Portfolio CITY CP PM (PRF_PM2) 7.3.0 207 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 Run Date: 05/17/2024 - 11:12 Portfolio CITY CP PM (PRF_PM2) 7.3.0 208 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 Run Date: 05/17/2024 - 11:12 Portfolio CITY CP PM (PRF_PM2) 7.3.0 209 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 Pblc Agncy Rtrmnt Sery 5,640,606.75 5,640,606.75 5,640,606.75 1 1 0.000 Subtotal and Average 5,552,541.60 5,640,606.75 5,640,606.75 5,640,606.75 1 1 0.000 Total and Average 250,071,762.46 250,687,774.47 245,518,340.33 249,369,748.18 897 490 3.698 Portfolio CITY CID Run Date: 05/17/2024 - 11:12 PM (PRF_PM2) 7.3.0 210 r City of La Quinta Total Earnings GEM ofrheDESERT - 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 93882861-112 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 06652CHBO 1227 101 BNKWST 248,000.00 248,000.00 248,000.00 1.700 1.700 358.07 0.00 0.00 358.07 059731851 1228 101 BOTW 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. 7.3.6.1 211 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 61760A3133 1236 101 MSPRIV 245,000.00 245,000.00 245,000.00 1.900 1.900 395.35 0.00 0.00 395.35 61690UNX4 1237 101 MORGST 245,000.00 245,000.00 245,000.00 1.950 1.950 405.77 0.00 0.00 405.77 538036GVO 1238 101 LIVEOK 248,000.00 248,000.00 248,000.00 1.800 1.800 379.13 0.00 0.00 379.13 912828YV6 1241 101 USTR 1,000,000.00 989,687.50 989,687.50 1.500 1.511 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 17286TAGO 1252 101 CITADL 248,000.00 248,000.00 248,000.00 1.650 1.650 347.54 0.00 0.00 347.54 029728BC5 1255 101 AMERST 248,000.00 248,000.00 248,000.00 1.600 1.600 337.01 0.00 0.00 337.01 00435JBH5 1256 101 ACCSS 248,000.00 248,000.00 248,000.00 1.600 1.600 337.01 0.00 0.00 337.01 849430BF9 1257 101 SPRING 248,000.00 248,000.00 248,000.00 1.500 1.500 315.94 0.00 0.00 315.94 05465DAE8 1258 101 AXOS 248,000.00 248,000.00 248,000.00 1.650 1.650 347.54 0.00 0.00 347.54 882213AB7 1260 101 TEXAS 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. 7.3.6.1 212 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 313OAKN28 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 14622LAAO 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 795451AFO 1327 101 SALMAE 248,000.00 248,000.00 248,000.00 1.000 1.000 210.63 0.00 0.00 210.63 89388CEYO 1328 101 TABBK 248,000.00 248,000.00 248,000.00 0.400 0.400 84.25 0.00 0.00 84.25 06417NZQ9 1329 101 BKOZK 248,000.00 248,000.00 248,000.00 0.400 0.400 84.26 0.00 0.00 84.26 Run Date: 05/17/2024 - 12:21 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 213 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 59013KPNO 1345 101 MRRCK 249,000.00 249,000.00 249,000.00 1.100 1.100 232.63 0.00 0.00 232.63 14042RQBO 1346 101 CAPINA 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 3130AP21.18 1353 101 FHLB 1,000,000.00 987,100.00 987,100.00 0.550 0.547 458.33 0.00 0.00 458.33 3135G06G3 1354 101 FNMA 1,000,000.00 976,300.00 976,300.00 0.500 0.503 416.67 0.00 0.00 416.67 3133ENGN4 1355 101 FFCB 1,000,000.00 1,000,000.00 1,000,000.00 0.970 0.952 808.34 0.00 0.00 808.34 501798RP9 1356 101 LCA 248,000.00 248,000.00 248,000.00 1.000 1.000 210.64 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 313OAQF65 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 02357QAQO 1372 101 AMRNT 245,000.00 245,000.00 245,000.00 1.600 1.600 332.93 0.00 0.00 332.93 59161YAP1 1373 101 METRO 249,000.00 249,000.00 249,000.00 1.700 1.700 359.52 0.00 0.00 359.52 Run Date: 05/17/2024 - 12:21 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 214 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 9128286S4 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 9128283DO 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 914242AAO 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. 7.3.6.1 215 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 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 1,011.03 0.00 0.00 1,011.03 9128282RO 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 78472EABO 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 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 011852AEO 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 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 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. 7.3.6.1 216 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 35089LAFO 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 05765LBUO 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 3133EPQDO 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. 7.3.6.1 217 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 MONEYI 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 91282CFUO 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 912797HH3 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 913065ADO 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 77357DADO 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 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 3,958.33 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. 7.3.6.1 218 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 912828661 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 3134H1UX9 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 3.256 641,406.30 0.00 50,121.87 691,528.17 Run Date: 05/17/2024 - 12:21 Portfolio CITY CID TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 219 CCity of La Quinta City of La Qu i nta t(v Ow ita Maturity Report GEM oftb,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 912828B66 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 882213AB7 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. 7.3.6.1 220 t(V Ow (r(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. 7.3.6.1 221 ta QaW ta 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 Subtotal 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 01/30/2024 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 01/31/2024 07/10 - 01/10 999,992.84 Received 4.810 01/10/2025 4.810 999,992.84 3133EP3139 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 31341-11UX9 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 Subtotal 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. 7.3.6.1 222 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 Subtotal 744,000.00 744,000.00 0.00 744,000.00 Corporate Notes 09290DAA9 1587 101 MC2 BLKRCK Subtotal 1,000,000.00 03/28/2024 09/14 - 03/14 1,000,000.00 Total Purchases 31,003,538.75 Received = Accrued Interest at Purchase was received by report ending date. Run Date: 05/17/2024 - 12:22 1,003,380.00 1,003,380.00 Received 4.700 03/14/2029 4.620 1,003,380.00 0.00 1,003,380.00 30,863,482.18 0.00 36,209,421.24 Portfolio CITY CID PU (PRF_PU) 7.1.1 Report Ver. 7.3.6.1 223 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 10 yr 20 yr 30 yr Rate of Rate of Return City Return City City Portfolio portfolio portfolio month) IYTD} Y-FM 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 3.25 3.35 3.598 TREASURY RATES AND PORTFOLIO RETURNS 1-YrTreasury f5-YrTreasury (Effective Rate of Return City Portfolio (YD) --F 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 - 0.35 - 0.10 - -0.15titi ,ti0 ,ti0 ,y0 ,y0 ,ti0 ,ti0 ,y0 ,ti0 ,tio ,tiD ,y0 ,yD ,ti0 ,tiD ,y0 ,tiD ,y0 ,y0 ,tiD ,y0 ,ti0 ,LO ,y0 ,40 ,y0 ,ti0 o� ti ti '� D h 6 1 0 A ,YO ,tiS ,ti'L ti ti '� d h d h 0 A ,yD ,�'ti 1ti ti ti 224 CONSENT CALENDAR ITEM NO. 13 City of La Quinta CITY COUNCIL MEETING: ,tune 4, 2024 STAFF REPORT AGENDA TITLE: APPROVE DEMAND REGISTERS DATED MAY 17 AND 24, 2024 RECOMMENDATION Approve demand registers dated May 17 and 24, 2024. EXECUTIVE SUiV11VIAKY — None FISCAL IMPACT Demand of Cash: City Successor Agency of RDA Housing Authority BACKGROUND/ANALYSIS $ 2,648,957.81 $ 1,600.00 $ 13,484.76 $ 2,664,042.57 Routine bills and payroll must be paid between Council meetings. Attachment 1 details the weekly demand registers for May 17 and 24, 2024. Warrants Issued: 213879-213935 EFT 144-146 EFT 147 213936-213990 Wire Transfers Payroll Direct Deposit Payroll Tax Transfers $ 340,787.95 $ 2,268.78 $ 125.00 $ 1,748,950.75 $ 272,958.26 $ 245,676.33 $ 53,275.50 $ 2,664,042.57 225 Vendor Account Name Amount Purpose Ortiz Enterprises, Inc. Construction $941,007.59 Dune Palms Bridge Progress Payment Granite Construction Company Construction $182,906.67 Fred Waring Pavement Rehabilitation Payment Visual Edge IT, Inc. Consultants & $171,006.84 Purchase Citywide Printers & IT Machinery/Equipment Onboarding Services Visit Greater Palm Springs TBID Due to VGPS $161,652.77 Q3 FY23/24 STVR TB ID Collections GHD, Inc. Design $85,830.29 Highway 111 Corridor Planning/Engineering Services Wire Transfers: Eleven transfers totaled $272,958. Of this amount, $197,874 was for Landmark and $37,364 was to J&H Asset Property Management, Inc. (See Attachment 2 for a complete listing). Investment Transactions: Full details of investment transactions, as well as total holdings, are reported quarterly in the Treasurer's Report. Transaction Issuer Type Par Value Settle Coupon YTM Date Rate Purchase Federal National Mortgage Assoc. Agency $ 1,000,000.00 5/15/2024 4.750% 4.911 % Maturity First Service Bank CD $ 248,000.00 5/15/2024 1.700% 1.700% Maturity JP Morgan Chase CD $ 245,000.00 5/16/2024 3.250% 3.250% Maturity Iowa State Bank CD $ 245,000.00 5/23/2024 2.400% 2.400% Purchase Ballston Spa National Bank CD $ 248,000.00 5/24/2024 4.800% 4.800% Prepared by: Jesse Batres, Finance Technician Approved by: Rosemary Hallick, Principal Management Analyst Attachments: 1. Demand Registers 2. Wire Transfers 226 ATTACHMENT 1 Demand Register City of La Quinta Packet: APPKT03807 - 05/17/24 JB Vendor Name Payment Number Description (Item) Account Name Account Number Amount Fund: 101-GENERAL FUND GANNETT CALIFORNIA LOCAL.. 213899 03/08/24 - LLQC PUBLIC HEARING PUBIL Advertising 101-1005-60450 306.75 GANNETT CALIFORNIA LOCAL.. 213899 03/08/24 - LLQC PUBLIC HEARING PUBIL Advertising 101-1005-60450 306.75 GANNETT CALIFORNIA LOCAL.. 213899 03/08/24 & 03/15/24 SURPLUS PUBLIC... Advertising 101-1006-60450 321.20 GANNETT CALIFORNIA LOCAL.. 213899 03/15/24 - PC PH ANDALUSIA Advertising 101-6002-60450 306.75 GANNETT CALIFORNIA LOCAL.. 213899 03/15/24 - DH TTM 21732 & 31733 Advertising 101-6002-60450 306.75 CHARTER COMMUNICATIONS- 213884 05/05-06/04/24 - FS #32 CABLE/INTERN... Cable/Internet - Utilities 101-2002-61400 10.56 CHARTER COMMUNICATIONS- 213884 04/24-05/23/24 - FS #93 CABLE (2415) Cable/Internet - Utilities 101-2002-61400 120.66 HALLICK, ROSEMARY 145 05/01-05/03/24 - CMTA CONFERENCE R... Travel & Training 101-1006-60320 672.33 FLORES, TANIA 213896 FY 23/24 ANNUAL WELLNESS DOLLARS ... Annual Wellness Dollar Reim... 101-1004-50252 200.00 HANSEN, DIANNE 213902 FY 23/24 ANNUAL WELLNESS DOLLARS ... Annual Wellness Dollar Reim... 101-1004-50252 46.25 FUSON, JACOB 213898 FY 23/24 ANNUAL WELLNESS DOLLARS ... Annual Wellness Dollar Reim... 101-1004-50252 172.39 DELGADO, JESSICA 144 FY 23/24 WELLNESS DOLLARS REIMB J.D... Annual Wellness Dollar Reim... 101-1004-50252 24.45 MIGNOGNA, JULIE 213913 04/2024 STERLING FSA & DCA REFUND Flex Compensation Payable 101-0000-20946 516.66 CABRERA JR, ARMANDO 213882 FY 23/24 ANNUAL WELLNESS DOLLARS ... Annual Wellness Dollar Reim... 101-1004-50252 200.00 SALAS, MICHAEL 213921 03/2024 COLONIAL POST TAX REIMB M.... AM Fidelity- Disability,Acc,Cn... 101-0000-20952 25.92 FLORES, CARLOS 213895 03/2023 COLONIAL REFUND AM Fidelity- Disability,Acc,Cn... 101-0000-20952 22.85 CHARTER COMMUNICATIONS- 213884 05/03-06/02/24 - FS #32 INTERNET (351... Cable/Internet - Utilities 101-2002-61400 99.99 CHARTER COMMUNICATIONS- 213884 04/29-05/28/24 - FS #32 INTERNET (649... Cable/Internet - Utilities 101-2002-61400 99.99 GARDAWORLD 213900 05/2024 - ARMORED SERVICES Professional Services 101-1006-60103 295.05 SPARKLETTS 213925 04/17/24 & 05/01/24 DRINKING WATER Operating Supplies 101-7003-60420 226.32 SPARKLETTS 213924 04/17/24 & 05/01/24 - CITYWIDE DRINK... Citywide Supplies 101-1007-60403 226.83 PROPER SOLUTIONS INC 213917 05/03/24 TEMP AGENCY SVCS R.IBARRA Temporary Agency Services 101-1004-60125 1,707.60 IRC CORPORATION 213908 04/2024 - PRE -EMPLOYMENT BACKGRO... Recruiting/Pre-Employment 101-1004-60129 126.35 DUNN-EDWARDS CORPORAT... 213891 PAINT Materials/Supplies 101-3005-60431 116.36 VINTAGE ASSOCIATES 213933 CITY PARKS IRRIGATION LINES REPAIRS Maintenance/Services 101-3005-60691 800.00 ANSAFONE CONTACT CENTE... 213879 03/2024 - PM 10 ANSWERING SERVICE PM 10 - Dust Control 101-7006-60146 165.52 NI GOVERNMENT SERVICES I... 213914 04/2024 SATELLITE PHONES Mobile/Cell Phones/Satellites 101-2002-61304 90.14 ANSAFONE CONTACT CENTE... 213879 05/2024 - PM 10 ANSWERING SERVICES PM 10 - Dust Control 101-7006-60146 157.28 THE PRINTING PLACE 213928 RESIDENT CARDS APPLICATIONS & INFO... Operating Supplies 101-3002-60420 433.16 WILLIAMS, BILLEE 213935 YOGA FLOW CLASS Instructors 101-3002-60107 109.20 WILLIAMS, BILLEE 213935 MAT PILATES DI CLASSES Instructors 101-3002-60107 63.00 WILLIAMS, BILLEE 213935 YOGA FLOW CLASS Instructors 101-3002-60107 25.20 VIELHARBER, KAREN 213932 GENTLE YOGA THURDAY CLASS Instructors 101-3002-60107 28.00 RUDY, LORI A 213919 ESSENTIAL FITNESS DI CLASS Instructors 101-3002-60107 8.40 SHIRY, TERESA 213922 BALLROOM BEGINNING CLASS Instructors 101-3002-60107 175.00 SHIRY, TERESA 213922 BALLROOM BEG DI CLASSES Instructors 101-3002-60107 84.00 HEWETT, ATSUKO YAMANE 213903 DEEP STRETCH CLASS Instructors 101-3002-60107 88.20 HEWETT, ATSUKO YAMANE 213903 DEEP STRETCH DI CLASSES Instructors 101-3002-60107 14.00 VIELHARBER, KAREN 213932 GENTLE YOGA TUESDAY DI CLASS Instructors 101-3002-60107 31.50 INTERWEST CONSULTING G... 213907 02/2024 - INSPECTION SERVICES Plan Checks 101-6003-60118 25,035.00 INTERWEST CONSULTING G... 213907 03/2024 - INSPECTION SERVICES Plan Checks 101-6003-60118 6,710.00 LH PRODUCTIONS 213910 5/4/24 GYPSY DREAMS CONCERT Community Experiences 101-3003-60149 8,117.00 SOUTH COAST AIR QUALITY ... 213923 07/2023-06/2024 - CH AQMD FEE Annual Permits/Inspections 101-3008-60196 161.81 SOUTH COAST AIR QUALITY ... 213923 07/2023-06/2024 - WC AQMD FEE Annual Permits/Inspections 101-3008-60196 161.81 THE CHAMBER 213927 03/2024-GEM PUBLICATION Marketing &Tourism Promot.. 101-3007-60461 14,465.75 DEPARTMENT OF JUSTICE 213889 04/2024 - BLOOD ALCOHOL ANALYSIS Blood/Alcohol Testing 101-2001-60174 175.00 DEPARTMENT OF JUSTICE 213889 02/2024 BLOOD ALCOHOL ANALYSIS Blood/Alcohol Testing 101-2001-60174 35.00 STERICYCLE, INC 213926 03/24/24 - POLICE SHRED LQ Police Volunteers 101-2001-60109 25.79 VERIZON WIRELESS 213931 03/26-04/25/24 - LQPD CELLS (6852) Telephone - Utilities 101-2001-61300 889.42 HOME DEPOT CREDIT SERVIC... 213904 DIE CUT LETTERS & NUMBERS - FB POOL Fritz Burns Pool Maintenance 101-3005-60184 19.58 HOME DEPOT CREDIT SERVIC... 213904 IRRIGATION MATERIAL, SAFETY BARRIER.. Materials/Supplies 101-3005-60431 393.59 LOWE'S HOME IMPROVEME... 213911 (3) DECK BOX Materials/Supplies 101-3005-60431 771.74 LOWE'S HOME IMPROVEME... 213911 CABLE, LOCKS, RUST SPRAYER Materials/Supplies 101-3005-60431 82.78 5/28/2024 11:10:53 AM Page 1 of 6 227 Demand Register Packet: APPKT03807 - 05/17/24 JB Vendor Name Payment Number Description (Item) Account Name Account Number Amount LOWE'S HOME IMPROVEME... 213911 BOLT CUTTER, PLIER STRIPPER KIT, SCR... Tools/Equipment 101-3005-60432 101.18 LOWE'S HOME IMPROVEME... 213911 GRINDER WHEEL & BLADES Tools/Equipment 101-3005-60432 28.87 HOME DEPOT CREDIT SERVIC... 213904 OUTLETSURGE Materials/Supplies 101-3008-60431 59.78 LOWE'S HOME IMPROVEME... 213911 FLAPPER LIFT CHAIN Materials/Supplies 101-3008-60431 3.43 LOWE'S HOME IMPROVEME... 213911 (2) ENTRY LEVER Materials/Supplies 101-3008-60431 154.93 LOWE'S HOME IMPROVEME... 213911 MOUNTING TAPE, SUPER GLUE, GOO R... Materials/Supplies 101-3008-60431 80.48 HOME DEPOT CREDIT SERVIC... 213904 CITY HALL PAINT AND LUMBER MATERI... Materials/Supplies 101-3008-60431 151.54 HOME DEPOT CREDIT SERVIC... 213904 USB POWER STRIP SURGE Materials/Supplies 101-3008-60431 10.88 HOME DEPOT CREDIT SERVIC... 213904 PAINT MATERIAL - WC Materials/Supplies 101-3008-60431 19.53 LOWE'S HOME IMPROVEME... 213911 (4) SCREWDRIVERS, (2) APPRENTICE TO... Tools/Equipment 101-3008-60432 351.13 HOME DEPOT CREDIT SERVIC... 213904 WRENCH, PLIERS, WIRE, BIT HOLDER Tools/Equipment 101-3008-60432 48.81 LOWE'S HOME IMPROVEME... 213911 LUBRICANT & BOLTS Operating Supplies 101-7003-60420 34.02 LOWE'S HOME IMPROVEME... 213911 BOLTS Operating Supplies 101-7003-60420 68.51 HOME DEPOT CREDIT SERVIC... 213904 COUPLER, WIRE, SPLICE TAPE, CHLORINE.. Operating Supplies 101-7003-60420 114.81 HOME DEPOT CREDIT SERVIC... 213904 WASHER & BOLTS Operating Supplies 101-7003-60420 57.93 HOME DEPOT CREDIT SERVIC... 213904 GLOVES AND CHAINS Operating Supplies 101-7003-60420 91.76 HOME DEPOT CREDIT SERVIC... 213904 LED SEARCH LIGHT Tools/Equipment 101-7003-60432 107.66 HOME DEPOT CREDIT SERVIC... 213904 BUCKET, (2) DRILL BIT SET,BLADES,PER... Tools/Equipment 101-7003-60432 150.53 HOME DEPOT CREDIT SERVIC... 213904 6' LADDER & BOLTS Tools/Equipment 101-7003-60432 138.98 LOWE'S HOME IMPROVEME... 213911 SPRAY BOTTLE, SCREWS, SOCKET SET Tools/Equipment 101-7003-60432 80.66 CHILDREN'S DISCOVERY MUS... 213886 CHILDRENS MUSEUM COURTYARD CRA... Sponsorships/Advertising 101-3007-60450 7,500.00 COACHELLA VALLEY ASSOC 0... 213887 07/2023 - ARTS AND MUSIC LINE SHARE... Contributions to Other Agenc.. 101-7006-60480 17,232.62 FIRST CHOICE A/C & HEATING.. 213893 FS #70 HVAC MAINTENANCE Maintenance/Services 101-2002-60691 645.00 INTERWEST CONSULTING G... 213907 02/2024 - ONCALL BUILDING & SAFERY ... Plan Checks 101-6003-60118 16,332.50 HOME DEPOT CREDIT SERVIC... 213904 MICROFIBER TOWELS, TOOL BAG, TRASH., Materials/Supplies 101-3005-60431 67.28 HOME DEPOT CREDIT SERVIC... 213904 CONCRETE/PAINT MATERIAL Materials/Supplies 101-3008-60431 359.88 HOME DEPOT CREDIT SERVIC... 213904 WIRES, NAILS, & MONKEY HOOKS Materials/Supplies 101-3008-60431 34.94 HOME DEPOT CREDIT SERVIC... 213904 SWIVEL WORK LIGHT- CITY HALL Materials/Supplies 101-3008-60431 54.31 HOME DEPOT CREDIT SERVIC... 213904 (2) 2V BATTERY Materials/Supplies 101-3008-60431 84.76 HOME DEPOT CREDIT SERVIC... 213904 CONCRETE/PAINT MATERIAL Materials/Supplies 101-3008-60431 162.83 HOME DEPOT CREDIT SERVIC... 213904 BRAIDED CABLE Materials/Supplies 101-3008-60431 43.46 HOME DEPOT CREDIT SERVIC... 213904 (3) WALL MOUNT HOOK Materials/Supplies 101-3008-60431 22.77 HOME DEPOT CREDIT SERVIC... 213904 CITY HALL PAINT Materials/Supplies 101-3008-60431 21.14 HOME DEPOT CREDIT SERVIC... 213904 DECO CHIPS FOR FRITZ BURNS Materials/Supplies 101-3008-60431 82.56 HOME DEPOT CREDIT SERVIC... 213904 BATTERIES Materials/Supplies 101-3008-60431 37.36 HOME DEPOT CREDIT SERVIC... 213904 DUCT TAPE & PAINT Materials/Supplies 101-3008-60431 63.90 HOME DEPOT CREDIT SERVIC... 213904 OPERATING SUPPLIES FOR PW INSPECT... Operating Supplies 101-7002-60420 89.20 HOME DEPOT CREDIT SERVIC... 213904 ADAPTERS Operating Supplies 101-7003-60420 67.90 HOME DEPOT CREDIT SERVIC... 213904 SAW BLADES, NUTS & BOLTS, ROPE Operating Supplies 101-7003-60420 80.14 HOME DEPOT CREDIT SERVIC... 213904 HEX BOLTS & NUTS Operating Supplies 101-7003-60420 57.67 HOME DEPOT CREDIT SERVIC... 213904 ADAPTERS RETURNED Operating Supplies 101-7003-60420 -57.30 HOME DEPOT CREDIT SERVIC... 213904 ADAPTERS Operating Supplies 101-7003-60420 53.47 HOME DEPOT CREDIT SERVIC... 213904 PAINTING MATERIAL Operating Supplies 101-7003-60420 78.04 HOME DEPOT CREDIT SERVIC... 213904 PW SMALL TOOLS - JOSE Tools/Equipment 101-7003-60432 899.33 HOME DEPOT CREDIT SERVIC... 213904 STEEL ALIGNMENT PUNCH & SILICONE 5... Tools/Equipment 101-7003-60432 44.50 LOWE'S HOME IMPROVEME... 213911 (2) SHOVEL & DRAIN SPADE Materials/Supplies 101-3008-60431 98.02 LOWE'S HOME IMPROVEME... 213911 MASKING TAPE, ROSIN PAPER, RUST SP... Materials/Supplies 101-3008-60431 69.05 LOWE'S HOME IMPROVEME... 213911 LED LIGHT -CH Materials/Supplies 101-3008-60431 72.30 LOWE'S HOME IMPROVEME... 213911 LUBRICANT & PAINT MATERIAL Materials/Supplies 101-3008-60431 79.43 LOWE'S HOME IMPROVEME... 213911 STUCCO & FLOAT Materials/Supplies 101-3008-60431 66.34 LOWE'S HOME IMPROVEME... 213911 WOOD FILLER & DRYWALL SPACKLING Materials/Supplies 101-3008-60431 22.49 INTERWEST CONSULTING G... 213907 03/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 5,842.50 LOWE'S HOME IMPROVEME... 213911 SCREWS & PAINT ROLLER/HANDLE Operating Supplies 101-7003-60420 45.96 LOWE'S HOME IMPROVEME... 213911 BOLTS Operating Supplies 101-7003-60420 5.61 VISIT GREATER PALM SPRINGS 213934 Q3 FY 23/24 STVR TBID COLLECTIONS TBID Due to VGPS 101-0000-20303 170,160.81 VISIT GREATER PALM SPRINGS 213934 Q3 FY 23/24 STVR TBID COLLECTIONS VGPS TBID Admin Fee 101-0000-43635 -8,508.04 CASH/PETTY CASH 213883 CJPIA HAZWOPER TRAINING BREAKFAST... Travel & Training 101-1004-60320 20.00 CASH/PETTY CASH 213883 SNACKS FOR TRAINING Travel & Training 101-1004-60320 38.95 CASH/PETTY CASH 213883 EMPLOYEE RECOGNITION FOOD TIP TKB Employee Recognition Events 101-1004-60340 50.00 CASH/PETTY CASH 213883 EMPLOYEE RECOGNITION ADDITIONAL ... Employee Recognition Events 101-1004-60340 50.00 5/28/2024 11:10:53 AM Page 2 of 6 228 Demand Register Packet: APPKT03807 - 05/17/24 JB Vendor Name Payment Number Description (Item) Account Name Account Number Amount CASH/PETTY CASH 213883 PARKING FOR RIVCO PROPERTY TAX TRA.. Travel & Training 101-1006-60320 6.00 CASH/PETTY CASH 213883 OVERNIGHT MAIL Postage 101-1007-60470 18.73 CASH/PETTY CASH 213883 FIRE PREVENTION WEEK SUPPLIES Volunteers - Fire 101-2002-60110 26.60 CASH/PETTY CASH 213883 SUPPLIES FOR THE HUB Operating Supplies 101-6006-60420 33.69 FRONTIER COMMUNICATIO... 213897 04/26-05/25/24- POLICE INTERNET Cable/Internet- Utilities 101-2001-61400 536.20 FRONTIER COMMUNICATIO... 213897 04/28-05/27/24 - SPORTS COMPLEX PH... Telephone - Utilities 101-3005-61300 39.39 HYUNDAI OF LA QUINTA 213906 OVERPAYMENT REFUND MBA2024-0007 Over Payments, AR Policy 101-0000-20330 11.88 BUREAU VERITAS NORTH A... 213881 ON -CALL BUILDING PLAN REVIEW Plan Checks 101-6003-60118 3,471.38 BUREAU VERITAS NORTH A... 213881 ON -CALL BUILDING PLAN REVIEW Plan Checks 101-6003-60118 1,860.57 Fund 101- GENERAL FUND Total: 285,807.17 Fund: 201- GAS TAX FUND PACIFIC PRODUCTS AND SER... 213915 STREET SIGN POSTS & STOP SIGNS Traffic Control Signs 201-7003-60429 3,958.50 LOWE'S HOME IMPROVEME... 213911 CONCRETE MATERIAL Materials/Supplies 201-7003-60431 26.23 LOWE'S HOME IMPROVEME... 213911 CONCRETE MATERIAL Materials/Supplies 201-7003-60431 43.72 HOME DEPOT CREDIT SERVIC... 213904 CONCRETE, SCREWS, PLASTIC TUB, STEE... Materials/Supplies 201-7003-60431 64.98 HOME DEPOT CREDIT SERVIC... 213904 TOOL BOX, SCREWS & NUTS, KNIFE, & R... Materials/Supplies 201-7003-60431 54.21 HOME DEPOT CREDIT SERVIC... 213904 TAPE & PAINTING MATERIAL Materials/Supplies 201-7003-60431 102.61 HOME DEPOT CREDIT SERVIC... 213904 PAINTING MATERIAL Materials/Supplies 201-7003-60431 83.87 Fund 201 - GAS TAX FUND Total: 4,334.12 Fund: 202 - LIBRARY & MUSEUM FUND HOME DEPOT CREDIT SERVIC... 213904 DRAIN SEAL AND (2)WING NUT TEST PL... Maintenance/Services 202-3004-60691 54.16 LOWE'S HOME IMPROVEME... 213911 (4) LED PANELS Maintenance/Services 202-3006-60691 264.39 LOWE'S HOME IMPROVEME... 213911 (2) LED PANELS Maintenance/Services 202-3006-60691 364.88 HOME DEPOT CREDITSERVIC... 213904 REPAIR ITEMS FOR MUSEUM CASITA Maintenance/Services 202-3006-60691 118.68 Fund 202 - LIBRARY & MUSEUM FUND Total: 802.11 Fund: 215 - LIGHTING & LANDSCAPING FUND LANDMARK GOLF MANAGE... 213909 04/2024 - SRR PERMETER LANDSCAPE ... SilverRock Way Landscape 215-7004-60143 5,320.00 HOME DEPOT CREDIT SERVIC... 213904 WASHER, NUTS, & BOLTS Materials/Supplies 215-7004-60431 75.82 HOME DEPOT CREDIT SERVIC... 213904 BATTERIES & SCREWS Materials/Supplies 215-7004-60431 42.21 LOWE'S HOME IMPROVEME... 213911 SMALL TOOLS & MAINTENANCE MATER... Materials/Supplies 215-7004-60431 99.08 HOME DEPOT CREDIT SERVIC... 213904 GLOVES & TRIBALL HOOK Materials/Supplies 215-7004-60431 78.25 HOME DEPOT CREDIT SERVIC... 213904 BATTERIES Materials/Supplies 215-7004-60431 16.17 HOME DEPOT CREDIT SERVIC... 213904 IRRIGATION MATERIAL Materials/Supplies 215-7004-60431 159.80 HOME DEPOT CREDIT SERVIC... 213904 IRRIGATION TUBE, GLOVES, PLANTS Materials/Supplies 215-7004-60431 86.68 LOWE'S HOME IMPROVEME... 213911 MARKING TAPE & BIT HOLDER Materials/Supplies 215-7004-60431 127.31 LOWE'S HOME IMPROVEME... 213911 MAINTENANCE AND PAINTING MATERI... Materials/Supplies 215-7004-60431 236.60 LOWE'S HOME IMPROVEME... 213911 PAINT MATERIAL Materials/Supplies 215-7004-60431 41.24 LOWE'S HOME IMPROVEME... 213911 SMALLTOOLS Tools/Equipment 215-7004-60432 694.38 DESERT ELECTRIC SUPPLY 213890 LANDSCAPE LIGHTS (8) Materials/Supplies 215-7004-60431 716.06 Fund 215 - LIGHTING & LANDSCAPING FUND Total: 7,693.60 Fund: 237 - SUCCESSOR AGCY PA 1 ADMIN US BANK 213930 04/1/24-3/31/25 - 2021 BOND ADMIN T... Prepaid Expense 237-0000-13600 1,600.00 Fund 237 - SUCCESSOR AGCY PA 1 ADMIN Total: 1,600.00 Fund: 401- CAPITAL IMPROVEMENT PROGRAMS HOME DEPOT CREDITSERVIC... 213904 HWY 111@SIMON DR RESTRIPING Construction 401-0000-60188 322.55 Fund 401 - CAPITAL IMPROVEMENT PROGRAMS Total: 322.55 Fund: 501- FACILITY & FLEET REPLACEMENT BMW MOTORCYCLES OF RIV... 213880 MOTORCYCLE REPAIR A1155 Motorcycle Repair & Mainte... 501-0000-60679 2,803.01 PLANIT REPROGRAPHICS SYS... 213916 FLEET DECALS Parts, Accessories, and Upfits 501-0000-60675 142.23 LOWE'S HOME IMPROVEME... 213911 TRUCK BOX TRAYS & ACCESORIES Parts, Accessories, and Upfits 501-0000-60675 247.60 LOWE'S HOME IMPROVEME... 213911 DEF DIESEL TREATMENT Parts, Accessories, and Upfits 501-0000-60675 48.55 S&D CARWASH MANAGEME... 213920 04/2024 -CAR WASH MEMBERSHIP Vehicle Repair & Maintenan... 501-0000-60676 779.61 CHEVROLET CADILLAC 213885 17 CHEVY SILVERADO VIN Z176694 REPA.. Vehicle Repair & Maintenan... 501-0000-60676 1,429.79 CHEVROLET CADILLAC 213885 22 CHEVY TRAVERSE VIN J166478 MAIN... Vehicle Repair & Maintenan... 501-0000-60676 93.24 CHEVROLET CADILLAC 213885 22 CHEVY COLORADO VIN N1128784 M... Vehicle Repair & Maintenan... 501-0000-60676 93.24 CHEVROLET CADILLAC 213885 17 CHEVY SILVERADO VIN Z176783 MAI... Vehicle Repair & Maintenan... 501-0000-60676 240.73 HOME DEPOT CREDIT SERVIC... 213904 SAW BLADE & TRAILER JACK Parts, Accessories, and Upfits 501-0000-60675 58.67 Fund 501- FACILITY & FLEET REPLACEMENT Total: 5,936.67 5/28/2024 11:10:53 AM Page 3 of 6 229 Demand Register Vendor Name Payment Number Description (Item) Fund: 502 - INFORMATION TECHNOLOGY CHARTER COMMUNICATIONS- 213884 CHARTER COMMUNICATIONS- 213884 ULINE 213929 FISHER INTEGRATED INC 213894 FISHER INTEGRATED INC 213894 COMPLETE PAPERLESS SOLUT.. 213888 COMPLETE PAPERLESS SOLUT.. 213888 RINCON CONSULTANTS, INC. 213918 VERIZON WIRELESS 213931 MICROSOFT CORPORATION 146 MICROSOFT CORPORATION 146 FRONTIER COMMUNICATIO... 213897 FRONTIER COMMUNICATIO... 213897 Fund: 503 - PARK EQUIP & FACILITY FUND GREAT WESTERN RECREATI... 213901 Fund: 601 - SILVERROCK RESORT GARDAWORLD 213900 FERGUSON ENTERPRISES, INC 213892 GARDAWORLD 213900 HOME DEPOT CREDIT SERVIC... 213904 LOWE'S HOME IMPROVEME... 213911 HOME DEPOT CREDIT SERVIC... 213904 HOME DEPOT CREDIT SERVIC... 213904 LOWE'S HOME IMPROVEME... 213911 Packet: APPKT03807 - 05/17/24 JB Account Name Account Number Amount 04/20-05/19/24 - WC CABLE (1909) Cable/Internet - Utilities 502-0000-61400 13.22 04/24-05/23/24 - WC CABLE (4601) Cable/Internet - Utilities 502-0000-61400 286.78 DESKTOP MONITOR MOUNT 1.DELGADO Machinery & Equipment 502-0000-80100 244.35 04/2024 CC VIDEO STREAMING Consultants 502-0000-60104 300.00 04/2024 MONTHLY FEE Consultants 502-0000-60104 1,100.00 7/1/24-3/31/25 LASERFICHEANNUALS... Prepaid Expense 502-0000-13600 21,615.00 6/1-6/30/24 - LASERFICHE ANNUAL SUP... Software Licenses 502-0000-60301 1,965.00 04/2024 GEOGRAPHIC INFORMATION S... Software Licenses 502-0000-60301 6,028.75 04/02-05/01/24 - BACKUP SERVER (2183) Cable/Internet - Utilities 502-0000-61400 66.17 03/10-04/09/24 - MS AZURE ONLINE SV... Software Licenses 502-0000-60301 795.48 04/10-05/09/24 - MS AZURE ONLINE SV... Software Licenses 502-0000-60301 776.52 04/25-05/24/24 - CH INTERNET Cable/Internet - Utilities 502-0000-61400 97.98 04/27-05/26/24 - BLACKHAWK/LQ PARK... Cable/Internet - Utilities 502-0000-61400 96.47 Fund 502 - INFORMATION TECHNOLOGY Total: 33,385.72 PARK REPLACEMENT PARTS Parks 503-0000-71060 1,000.10 Fund 503 - PARK EQUIP & FACILITY FUND Total: 1,000.10 05/2024 - SRR ARMORED SERVICES Bank Fees 601-0000-60455 719.49 URINAL FLUSH VALVE KIT Repair & Maintenance 601-0000-60660 650.64 04/2024 - SRR ARMORED SVC TIER PRIC... Bank Fees 601-0000-60455 193.69 LEVER & BRAIDED ROPE-SRR Repair & Maintenance 601-0000-60660 129.31 FRAMING MATERIAL - SRR Repair & Maintenance 601-0000-60660 34.20 SLIDE BOLTS-SRR Repair & Maintenance 601-0000-60660 11.39 HEX BOLTS & NUTS-SRR Repair & Maintenance 601-0000-60660 2.68 ELECTRICAL MATERIAL - SRR Repair & Maintenance 601-0000-60660 433.29 Fund 601- SILVERROCK RESORT Total: 2,174.69 Grand Total: 343,056.73 5/28/2024 11:10:53 AM 230 Page 4 of 6 Demand Register Packet: APPKT03807 - 05/17/24 JB Fund Summary Fund 101-GENERAL FUND 201- GAS TAX FUND 202 - LIBRARY & MUSEUM FUND 215 - LIGHTING & LANDSCAPING FUND 237 - SUCCESSOR AGCY PA 1 ADMIN 401- CAPITAL IMPROVEMENT PROGRAMS 501- FACILITY & FLEET REPLACEMENT 502 - INFORMATION TECHNOLOGY 503 - PARK EQUIP & FACILITY FUND 601- SILVERROCK RESORT Account Number 101-0000-20303 101-0000-20330 101-0000-20946 101-0000-20952 101-0000-43635 101-1004-50252 101-1004-60125 101-1004-60129 101-1004-60320 101-1004-60340 101-1005-60450 101-1006-60103 101-1006-60320 101-1006-60450 101-1007-60403 101-1007-60470 101-2001-60109 101-2001-60174 101-2001-61300 101-2001-61400 101-2002-60110 101-2002-60691 101-2002-61304 101-2002-61400 101-3002-60107 101-3002-60420 101-3003-60149 101-3005-60184 101-3005-60431 101-3005-60432 101-3005-60691 101-3005-61300 101-3007-60450 101-3007-60461 101-3008-60196 101-3008-60431 101-3008-60432 101-6002-60450 101-6003-60118 101-6006-60420 101-7002-60420 101-7003-60420 101-7003-60432 101-7006-60146 101-7006-60480 Grand Total: Account Summary Account Name TBID Due to VGPS Over Payments, AR Policy Flex Compensation Paya... AM Fidelity- Disability,Ac.. VGPS TBID Admin Fee Annual Wellness Dollar ... Temporary Agency Servi... Recruiting/Pre-Employm... Travel & Training Employee Recognition E... Advertising Professional Services Travel & Training Advertising Citywide Supplies Postage LQ Police Volunteers Blood/Alcohol Testing Telephone - Utilities Cable/Internet - Utilities Volunteers - Fire Maintenance/Services Mobile/Cell Phones/Sate... Cable/Internet - Utilities Instructors Operating Supplies Community Experiences Fritz Burns Pool Mainten... Materials/Supplies Tools/Equipment Maintenance/Services Telephone - Utilities Sponsorships/Advertising Marketing & Tourism Pr... Annual Permits/Inspecti... Materials/Supplies Tools/Equipment Advertising Plan Checks Operating Supplies Operating Supplies Operating Supplies Tools/Equipment PM 10 - Dust Control Contributions to Other A... Expense Amount 285,807.17 4,334.12 802.11 7,693.60 1,600.00 322.55 5,936.67 33,385.72 1,000.10 2,174.69 343,056.73 Expense Amount 170,160.81 11.88 516.66 48.77 -8,508.04 643.09 1,707.60 126.35 58.95 100.00 613.50 295.05 678.33 321.20 226.83 18.73 25.79 210.00 889.42 536.20 26.60 645.00 90.14 331.20 626.50 433.16 8,117.00 19.58 1,431.75 130.05 800.00 39.39 7,500.00 14,465.75 323.62 1,856.11 399.94 613.50 59,251.95 33.69 89.20 924.84 1,421.66 322.80 17,232.62 5/28/2024 11:10:53 AM 231 Page 5 of 6 Demand Register Packet: APPKT03807 - 05/17/24 JB Account Summary Account Number Account Name Expense Amount 201-7003-60429 Traffic Control Signs 3,958.50 201-7003-60431 Materials/Supplies 375.62 202-3004-60691 Maintenance/Services 54.16 202-3006-60691 Maintenance/Services 747.95 215-7004-60143 SilverRock Way Landsca... 5,320.00 215-7004-60431 Materials/Supplies 1,679.22 215-7004-60432 Tools/Equipment 694.38 237-0000-13600 Prepaid Expense 1,600.00 401-0000-60188 Construction 322.55 501-0000-60675 Parts, Accessories, and ... 497.05 501-0000-60676 Vehicle Repair & Maint... 2,636.61 501-0000-60679 Motorcycle Repair & Ma... 2,803.01 502-0000-13600 Prepaid Expense 21,615.00 502-0000-60104 Consultants 1,400.00 502-0000-60301 Software Licenses 9,565.75 502-0000-61400 Cable/Internet - Utilities 560.62 502-0000-80100 Machinery & Equipment 244.35 503-0000-71060 Parks 1,000.10 601-0000-60455 Bank Fees 913.18 601-0000-60660 Repair & Maintenance 1,261.51 Grand Total: 343,056.73 Project Account Summary Project Account Key Project Account Name Project Name Expense Amount **None** **None** **None** 317,077.81 202008CB Contribution Expense Avenue 48 Art and Music Line Pr( 17,232.62 2324TMICT Construction Expense FY23/24Traffic Maintenance Imf 322.55 CONCERTE Concert Expense Master Account for all SRR ConCE 8,117.00 STVRE Short Term Vacation Rental Expen... Short Term Vacation Rental Tracl 306.75 Grand Total: 343,056.73 *Project codes are generally used to track Capital Improvement Program (CIP) projects, other large public works projects, developer deposits, or city-wide events. Normal operational expenditures are not project coded and, therefore, will report as "none" in this section. 5/28/2024 11:10:53 AM 232 Page 6 of 6 Demand Register City of La Quinta Packet: APPKT03814 - 05/24/2024 JB Vendor Name Payment Number Description (Item) Account Name Account Number Amount Fund: 101 - GENERAL FUND INDUSTRIAL HEALTH MEDICA... 213961 04/16/24 - DMV DOT RECERTIFICATION Consultants/Employee Servic... 101-1004-60104 100.00 MCKINNEY, BRYAN 213965 05/14/24 - PWE/CE GROUP LUNCHEON ... Travel & Training 101-7006-60320 148.59 ELIZALDE, MANUEL 147 FY 23/24 ANNUAL WELLNESS DOLLARS ... Annual Wellness Dollar Reim... 101-1004-50252 125.00 TORRES WINDOW SOLUTION... 213983 CH WINDOWS REPLACEMENT Maintenance/Services 101-3008-60691 4,050.00 PROPER SOLUTIONS INC 213977 05/10/24 - TEMP AGENCY SVCS R.IBARRA Temporary Agency Services 101-1004-60125 1,664.91 DATA TICKET, INC. 213950 04/2024 - CODE CITATION PROCESSING Administrative Citation Servi... 101-6004-60111 789.10 GHERA, EDWARD R 213957 FY 23/24 SAFETY BOOTS REIMB E.GHERA Uniforms 101-6003-60690 183.55 MOYA, DANIEL 213968 WEED ABATEMENT LOT CLEANUP CASE ... Lot Cleaning/Gravel Program 101-6004-60120 500.00 COUNTY OF RIVERSIDE 213947 01/01-03/31/24 - EMERGENCY SVCS CO... Professional Services 101-2002-60103 20,000.00 VINTAGE ASSOCIATES 213988 05/2024 - PARKS LANDSCAPE MAINTEN... Landscape Contract 101-3005-60112 65,010.00 MOWERS PLUS INC 213967 EQUIPMENT PARTS Tools/Equipment 101-7003-60432 67.88 ODP BUSINESS SOLUTIONS, L... 213971 KEY TAGS Office Supplies 101-6004-60400 8.15 ODP BUSINESS SOLUTIONS, L... 213971 CURVE STAND FOR MACBOOK Office Supplies 101-6004-60400 65.13 ODP BUSINESS SOLUTIONS, L... 213971 BATTERIES Operating Supplies 101-6006-60420 59.28 ODP BUSINESS SOLUTIONS, L... 213971 OFFICE SUPPLIES Office Supplies 101-1006-60400 24.64 ODP BUSINESS SOLUTIONS, L... 213971 CITY WIDE COFFEE SUPPLIES Citywide Supplies 101-1007-60403 47.95 ODP BUSINESS SOLUTIONS, L... 213971 BATTERIES, WIPES, CLIPS, TISSUE Office Supplies 101-1002-60400 55.98 STAPLES ADVANTAGE 213981 OFFICE SUPPLIES Office Supplies 101-3005-60400 52.18 STAPLES ADVANTAGE 213981 CITY WIDE HOT CUPS Citywide Supplies 101-1007-60403 46.75 STAPLES ADVANTAGE 213981 BUBBLE MAILERS Office Supplies 101-1002-60400 15.54 STAPLES ADVANTAGE 213981 WHITE CARD STOCK Office Supplies 101-2002-60400 40.17 STAPLES ADVANTAGE 213981 OFFICE SUPPLIES Operating Supplies 101-6006-60420 328.72 PLACER SALES 213976 CONCRETE GRINDER AND DUST COLLECT.. Tools/Equipment 101-7003-60432 10,298.57 MERCHANTS BUILDINGMAI... 213966 04/2024- JANITORIAL SERVICES Janitorial 101-3008-60115 15,891.98 MATRIX CONSULTING GROUP 213964 PUBLIC WORKS ASSESSMENT Consultants/Employee Servic... 101-1004-60104 5,600.00 GRAINGER 213958 HYDRATION SUPPLIES Operating Supplies 101-7003-60420 71.78 GRAINGER 213958 HYDRATION SUPPLIES Operating Supplies 101-7003-60420 253.56 GRAINGER 213958 UTILITY PUMP, SUCTION STRAINER Tools/Equipment 101-7003-60432 1,435.76 GRAINGER 213958 FIRE HOSES (8) Tools/Equipment 101-7003-60432 1,091.68 PATTON DOOR & GATE 213975 FS #93 MAIN GATE REPAIRS Maintenance/Services 101-2002-60691 300.00 VERIZON WIRELESS 213986 04/14-05/13/24 - EOC CELL (7813) Mobile/Cell Phones/Satellites 101-2002-61304 207.76 DEPARTMENT OF ANIMAL SE... 213951 04/2024 - ANIMAL SERVICES Animal Shelter Contract Servi.., 101-6004-60197 29,616.65 COACHELLA VALLEY CONSER... 213944 04/2024 - MSHCP FEES MSHCP Mitigation Fee 101-0000-20310 39,675.00 COACHELLA VALLEY CONSER... 213944 04/2024 - MSHCP FEES CVMSHCP Admin Fee 101-0000-43631 -396.75 RIVERSIDE ASSESSOR 213978 04/2024 - RECORDING FEES Technical 101-6004-60108 40.00 IMPERIAL IRRIGATION DIST 213960 ELECTRICITY SERVICE Electric - Velasco Park - Utiliti... 101-3005-61111 14.56 COACHELLA VALLEY WATER D.. 213945 WATER SERVICE Water - Utilities 101-2002-61200 114.41 COACHELLA VALLEY WATER D.. 213945 WATER SERVICE Water - Utilities 101-3008-61200 25.41 COACHELLA VALLEY WATER D.. 213945 WATER SERVICE Water - Utilities 101-2002-61200 566.49 COACHELLA VALLEY WATER D.. 213945 WATER SERVICE Water -Monticello Park - Utili... 101-3005-61201 2,250.58 COACHELLA VALLEY WATER D.. 213945 WATER SERVICE Water -Fritz Burns Park - Utili... 101-3005-61204 315.66 COACHELLA VALLEY WATER D.. 213945 WATER SERVICE Water -Seasons Park - Utilities 101-3005-61208 27.87 COACHELLA VALLEY WATER D.. 213945 WATER SERVICE Water -Community Park - Util.. 101-3005-61209 592.47 COACHELLA VALLEY WATER D.. 213945 WATER SERVICE Water - Utilities 101-3008-61200 72.95 PACIFIC WEST AIR CONDITIO... 213974 04/16/24 - CH HVAC MAINTENANCE HVAC 101-3008-60667 626.50 JEFFREY BENJAMIN BLACHLEY., 213962 ADMINISTRATIVE CITATION DISMISSAL ... Administrative Citations 101-0000-42700 100.00 VILLALPANDO, JOHN DAVID 213987 PARKING CITATION DISMISSAL LQP1619... Parking Violations 101-0000-42706 50.00 FRONTIER COMMUNICATIO... 213954 05/2024 - LQ PARK PHONE Telephone - Utilities 101-3005-61300 48.93 OCEAN SPRINGS TECH INC 213970 04/2024 - FB POOL MONTHLY MAINTEN... Fritz Burns Pool Maintenance 101-3005-60184 6,082.00 OCEAN SPRINGS TECH INC 213970 05/2024 - SPLASH PAD MONTHLY MAIN... LQ Park Water Feature 101-3005-60554 2,076.00 OCEAN SPRINGS TECH INC 213970 05/2024 - FB POOL MONTHLY MAINTEN... Fritz Burns Pool Maintenance 101-3005-60184 6,082.00 OCEAN SPRINGS TECH INC 213970 5/11/24 -SPLASH PAD MAINT SERVICE ... LQ Park Water Feature 101-3005-60554 145.00 COACHELLA VALLEY WATER D.. 213945 WATER SERVICE Water -Desert Pride - Utilities 101-3005-61206 395.28 5/28/2024 11:10:35 AM Page 1 of 5 233 Demand Register Packet: APPKT03814 - 05/24/2024 JB Vendor Name Payment Number Description (Item) Account Name Account Number Amount COACHELLA VALLEY WATER D.. 213945 WATER SERVICE PM 10 - Dust Control 101-7006-60146 55.74 Fund 101- GENERAL FUND Total: 217,111.36 Fund: 201- GAS TAX FUND TOPS' N BARRICADES INC 213982 TRAFFIC CONTROL SIGNS Traffic Control Signs 201-7003-60429 487.85 PACIFIC PRODUCTS AND SER... 213973 STREET SIGN HARDWARE Traffic Control Signs 201-7003-60429 3,110.25 ZUMAR INDUSTRIES INC 213990 OBJECT MARKER SIGNS (30) Traffic Control Signs 201-7003-60429 1,152.65 Fund 201- GAS TAX FUND Total: 4,750.75 Fund: 202 - LIBRARY & MUSEUM FUND VINTAGE ASSOCIATES 213988 05/2024 - PARKS LANDSCAPE MAINTEN... Landscape Contract 202-3004-60112 930.00 VINTAGE ASSOCIATES 213988 05/2024 - PARKS LANDSCAPE MAINTEN... Landscape Contract 202-3006-60112 194.00 ALLIANT INSURANCE SERVIC... 213937 04/20/24 - DIA DE LOS NINOS EVENT IN... Operating Supplies 202-3004-60420 329.00 CINTAS FIRST AID & SAFETY 213941 LIBRARY FIRST AID SERVICES Operating Supplies 202-3004-60420 45.84 CINTAS FIRST AID & SAFETY 213941 MUSEUM FIRST AID SERVICE Operating Supplies 202-3006-60420 98.24 MERCHANTS BUILDINGMAI... 213966 04/2024- JANITORIAL SERVICES Janitorial 202-3004-60115 3,264.32 MERCHANTS BUILDINGMAI... 213966 04/2024- JANITORIAL SERVICES Janitorial 202-3006-60115 989.54 COACHELLA VALLEY WATER D.. 213945 WATER SERVICE Water - Utilities 202-3006-61200 245.63 FRONTIER COMMUNICATIO... 213954 05/13-06/12/24 - MUSEUM PHONE Telephone - Utilities 202-3006-61300 125.92 Fund 202 - LIBRARY & MUSEUM FUND Total: 6,222.49 Fund: 215 - LIGHTING & LANDSCAPING FUND TRI-STATE MATERIALS INC 213984 LANDSCAPE ROCK Materials/Supplies 215-7004-60431 2,232.69 TRI-STATE MATERIALS INC 213984 LANDSCAPE ROCK Materials/Supplies 215-7004-60431 107.64 TRI-STATE MATERIALS INC 213984 LANDSCAPE ROCK Materials/Supplies 215-7004-60431 4,476.14 EWING IRRIGATION PRODUC... 213952 TREE STAKES (50) Materials/Supplies 215-7004-60431 867.34 EWING IRRIGATION PRODUC... 213952 TREE STAKES & TREE TIES Materials/Supplies 215-7004-60431 986.93 VINTAGE ASSOCIATES 213988 05/2024 - PARKS LANDSCAPE MAINTEN... Landscape Contract 215-7004-60112 12,124.00 CREATIVE LIGHTING & ELECT... 213948 05/2024 - LIGHTING MAINTENANCE SER... Consultants 215-7004-60104 6,488.42 SMITH PIPE & SUPPLY CO 213979 IRRIGATION PARTS Materials/Supplies 215-7004-60431 1,574.44 SMITH PIPE & SUPPLY CO 213979 IRRIGATION PARTS Materials/Supplies 215-7004-60431 173.74 SMITH PIPE & SUPPLY CO 213979 IRRIGATION PARTS Materials/Supplies 215-7004-60431 191.53 SMITH PIPE & SUPPLY CO 213979 IRRIGATION PARTS Materials/Supplies 215-7004-60431 339.90 STAPLES ADVANTAGE 213981 OFFICE SUPPLIES Operating Supplies 215-7004-60420 180.82 FRONTIER COMMUNICATIO... 213954 05/07-06/06/24 - PHONE SERVICE Electric - Utilities 215-7004-61116 136.49 FRONTIER COMMUNICATIO... 213954 05/10-06/09/24 - PHONE SVC Electric - Utilities 215-7004-61116 42.24 IMPERIAL IRRIGATION DIST 213960 ELECTRICITY SERVICE Electric -Utilities 215-7004-61116 507.31 IMPERIAL IRRIGATION DIST 213960 ELECTRICITY SERVICE Electric - Medians - Utilities 215-7004-61117 24.68 COACHELLA VALLEY WATER D.. 213945 WATER SERVICE Water - Medians - Utilities 215-7004-61211 1,196.97 COACHELLA VALLEY WATER D.. 213945 WATER SERVICE Water - Medians - Utilities 215-7004-61211 2,506.50 Fund 215 - LIGHTING & LANDSCAPING FUND Total: 34,157.78 Fund: 224 - TUMF FUND COACHELLA VALLEY ASSOC 0... 213943 04/2024 - TUMF FEE TUMF Payable to CVAG 224-0000-20320 65,760.00 Fund 224 - TUMF FUND Total: 65,760.00 Fund: 241- HOUSING AUTHORITY RIVERSIDE ASSESSOR 213978 04/2024 - RECORDING FEES Professional Services 241-9101-60103 20.00 Fund 241- HOUSING AUTHORITY Total: 20.00 Fund: 401- CAPITAL IMPROVEMENT PROGRAMS JTB SUPPLY CO., INC. 213963 COUNTDOWN LED ITE (16) Construction 401-0000-60188 2,760.00 ST. FRANCIS ELECTRIC, LLC 213980 04/2024 - ONCALL TRAFFIC SIGNAL MAI... Construction 401-0000-60188 683.00 ORTIZ ENTERPRISES INC. 213972 04/2024 - DUNE PALMS BRIDGE PROGR... Retention Payable 401-0000-20600 -49,526.71 ORTIZ ENTERPRISES INC. 213972 04/2024 - DUNE PALMS BRIDGE PROGR... Construction 401-0000-60188 990,534.30 GRANITE CONSTRUCTION C... 213959 11/2023 - FRED WARING PAVEMENT RE... Construction 401-0000-60188 182,906.97 GHD INC. 213956 01/2024 HWY 111 CORRIDOR PLANNIN... Design 401-0000-60185 32,062.36 GHD INC. 213956 03/2024 HWY 111 CORRIDOR PLANNIN... Design 401-0000-60185 53,767.93 CONVERGINT TECHNOLOGIES.. 213946 03/2024 - CITYWIDE CAMERA SYSTEM ... Construction 401-0000-60188 1,937.41 CITY OF INDIO 213942 AVE 50 WIDENING IMPROVEMENTS RE... Contributions to Other Agenc.. 401-0000-60480 7,244.49 Fund 401- CAPITAL IMPROVEMENT PROGRAMS Total: 1,222,369.75 Fund: 501- FACILITY & FLEET REPLACEMENT DANIEL'S TIRE SERVICE, INC. 213949 2022 CHEVY SILVERADO VIN F182355 TI... Vehicle Repair & Maintenan... 501-0000-60676 903.91 DANIEL'S TIRE SERVICE, INC. 213949 2022 CHEVY SILVERADO VIN F182355 ... Vehicle Repair & Maintenan... 501-0000-60676 219.00 5/28/2024 11:10:35 AM Page 2 of 5 234 Demand Register Packet: APPKT03814 - 05/24/2024 JB Vendor Name Payment Number Description (Item) Account Name Account Number Amount NELSON MOBILE SERVICES I... 213969 2022 FORD DUMP TRUCK REPAIRS Vehicle Repair & Maintenan... 501-0000-60676 336.00 FIESTA FORD LINCOLN MERC... 213953 2022 FORD SUPER DUTY VIN C35724 RE... Vehicle Repair & Maintenan... 501-0000-60676 780.79 BMW MOTORCYCLES OF RIV... 213938 MOTORCYCLE MAINTENANCE A1245 Motorcycle Repair & Mainte... 501-0000-60679 416.23 BMW MOTORCYCLES OF RIV... 213938 MOTORCYCLE MAINTENANCE A1154 Motorcycle Repair & Mainte... 501-0000-60679 1,377.48 CHEVROLET CADILLAC 213940 2022 CHEVY EQUINOX VIN L181411 MA... Vehicle Repair & Maintenan... 501-0000-60676 93.24 CHEVROLET CADILLAC 213940 2018 CHEVY COLORADO VIN J1100222 ... Vehicle Repair & Maintenan... 501-0000-60676 1,318.54 CHEVROLET CADILLAC 213940 2017 CHEVY COLORADO VIN H1266558 ... Vehicle Repair & Maintenan... 501-0000-60676 1,295.71 CHEVROLET CADILLAC 213940 2017 CHEVY COLORADO VIN H1269005 ... Vehicle Repair & Maintenan... 501-0000-60676 1,926.69 CHEVROLET CADILLAC 213940 2022 CHEVY SILVERADO VIN F182277 M... Vehicle Repair & Maintenan... 501-0000-60676 106.29 Fund 501- FACILITY & FLEET REPLACEMENT Total: 8,773.88 Fund: 502 - INFORMATION TECHNOLOGY CHARTER COMMUNICATIONS- 213939 05/2024 - CH CABLE (4625) Cable/Internet - Utilities 502-0000-61400 189.93 CHARTER COMMUNICATIONS- 213939 05/10-06/09/24 - CH INTERNET (2546) Cable/Internet - Utilities 502-0000-61400 2,079.00 CHARTER COMMUNICATIONS- 213939 05/12-06/11/24 - CITY YARD CABLE (408... Cable/Internet - Utilities 502-0000-61400 82.07 ACORN TECHNOLOGY SERVI... 213936 05/2024 - TRAFFIC SERVER MAINTENAN... Consultants 502-0000-60104 965.00 VISUAL EDGE IT, INC. 213989 CITY WIDE PRINTERS Machinery & Equipment 502-0000-80100 115,862.96 VISUAL EDGE IT, INC. 213989 CITY WIDE PRINTERS Machinery & Equipment 502-0000-80100 4,182.61 VISUAL EDGE IT, INC. 213989 PRINTER Machinery & Equipment 502-0000-80100 1,783.27 VISUAL EDGE IT, INC. 213989 IT ONBOARDING SERVICES Consultants 502-0000-60104 49,178.00 TRITON TECHNOLOGY SOLUT... 213985 CABLECAST PUBLIC MEETING RECORD,... Machinery & Equipment 502-0000-80100 3,823.00 VERIZON WIRELESS 213986 04/02-05/01/24 - CITY IPADS (5587) Cell/Mobile Phones 502-0000-61301 1,255.96 VERIZON WIRELESS 213986 04/02-05/01/24 - CITY CELL SVC (5496) Cell/Mobile Phones 502-0000-61301 3,634.82 FRONTIER COMMUNICATIO... 213954 04/12-05/11/24 - X PARK INTERNET Cable/Internet - Utilities 502-0000-61400 1,070.00 FRONTIER COMMUNICATIO... 213954 05/03-06/02/24 - 2ND CITY INTERNET LI... Cable/Internet - Utilities 502-0000-61400 2,580.00 FRONTIER COMMUNICATIO... 213954 05/12-06/11/24 - X PARK INTERNET Cable/Internet - Utilities 502-0000-61400 1,070.00 FRONTIER COMMUNICATIO... 213954 05/04-06/03/24 - WC INTERNET Cable/Internet - Utilities 502-0000-61400 690.00 FRONTIER COMMUNICATIO... 213954 05/04-06/03/24 - DSL SVC Cable/Internet - Utilities 502-0000-61400 698.02 Fund 502 - INFORMATION TECHNOLOGY Total: 189,144.64 Fund: 504 - INSURANCE FUND CINTAS FIRST AID & SAFETY 213941 CH FIRST AID SERVICES Operating Supplies 504-1010-60420 460.61 CINTAS FIRST AID & SAFETY 213941 PW FIRST AID SERVICES Operating Supplies 504-1010-60420 67.72 CINTAS FIRST AID & SAFETY 213941 WC FIRST AID SERVICES Operating Supplies 504-1010-60420 88.41 CINTAS FIRST AID & SAFETY 213941 WC FIRST AID SERVICES Operating Supplies 504-1010-60420 63.73 CINTAS FIRST AID & SAFETY 213941 LANDSCAPE MAINT FIRST AID SERVICES Operating Supplies 504-1010-60420 60.19 Fund 504 - INSURANCE FUND Total: 740.66 Fund: 601- SILVERROCK RESORT GARDAWORLD 213955 04/2024 - SRR ARMORED SVC EXCESS IT... Bank Fees 601-0000-60455 24.44 Fund 601 - SILVERROCK RESORT Total: 24.44 Grand Total: 1,749,075.75 5/28/2024 11:10:35 AM 235 Page 3 of 5 Demand Register Packet: APPKT03814 - 05/24/2024 JB Fund Summary Fund Expense Amount 101- GENERAL FUND 217,111.36 201- GAS TAX FUND 4,750.75 202 - LIBRARY & MUSEUM FUND 6,222.49 215 - LIGHTING & LANDSCAPING FUND 34,157.78 224 - TUMF FUND 65,760.00 241- HOUSING AUTHORITY 20.00 401- CAPITAL IMPROVEMENT PROGRAMS 1,222,369.75 501- FACILITY & FLEET REPLACEMENT 8,773.88 502 - INFORMATION TECHNOLOGY 189,144.64 504 - INSURANCE FUND 740.66 601- SILVERROCK RESORT 24.44 Grand Total: 1,749,075.75 Account Summary Account Number Account Name Expense Amount 101-0000-20310 MSHCP Mitigation Fee 39,675.00 101-0000-42700 Administrative Citations 100.00 101-0000-42706 Parking Violations 50.00 101-0000-43631 CVMSHCP Admin Fee -396.75 101-1002-60400 Office Supplies 71.52 101-1004-50252 Annual Wellness Dollar ... 125.00 101-1004-60104 Consultants/Employee 5... 5,700.00 101-1004-60125 Temporary Agency Servi... 1,664.91 101-1006-60400 Office Supplies 24.64 101-1007-60403 Citywide Supplies 94.70 101-2002-60103 Professional Services 20,000.00 101-2002-60400 Office Supplies 40.17 101-2002-60691 Maintenance/Services 300.00 101-2002-61200 Water - Utilities 680.90 101-2002-61304 Mobile/Cell Phones/Sate.., 207.76 101-3005-60112 Landscape Contract 65,010.00 101-3005-60184 Fritz Burns Pool Mainten... 12,164.00 101-3005-60400 Office Supplies 52.18 101-3005-60554 LQ Park Water Feature 2,221.00 101-3005-61111 Electric - Velasco Park - ... 14.56 101-3005-61201 Water -Monticello Park -... 2,250.58 101-3005-61204 Water -Fritz Burns Park -... 315.66 101-3005-61206 Water -Desert Pride - Util.. 395.28 101-3005-61208 Water -Seasons Park - Ut.. 27.87 101-3005-61209 Water -Community Park... 592.47 101-3005-61300 Telephone - Utilities 48.93 101-3008-60115 Janitorial 15,891.98 101-3008-60667 HVAC 626.50 101-3008-60691 Maintenance/Services 4,050.00 101-3008-61200 Water - Utilities 98.36 101-6003-60690 Uniforms 183.55 101-6004-60108 Technical 40.00 101-6004-60111 Administrative Citation ... 789.10 101-6004-60120 Lot Cleaning/Gravel Prog.. 500.00 101-6004-60197 Animal Shelter Contract ... 29,616.65 101-6004-60400 Office Supplies 73.28 101-6006-60420 Operating Supplies 388.00 101-7003-60420 Operating Supplies 325.34 101-7003-60432 Tools/Equipment 12,893.89 101-7006-60146 PM 10 - Dust Control 55.74 101-7006-60320 Travel & Training 148.59 201-7003-60429 Traffic Control Signs 4,750.75 202-3004-60112 Landscape Contract 930.00 202-3004-60115 Janitorial 3,264.32 5/28/2024 11:10:35 AM 236 Page 4 of 5 Demand Register Packet: APPKT03814 - 05/24/2024 JB Account Summary Account Number Account Name Expense Amount 202-3004-60420 Operating Supplies 374.84 202-3006-60112 Landscape Contract 194.00 202-3006-60115 Janitorial 989.54 202-3006-60420 Operating Supplies 98.24 202-3006-61200 Water - Utilities 245.63 202-3006-61300 Telephone - Utilities 125.92 215-7004-60104 Consultants 6,488.42 215-7004-60112 Landscape Contract 12,124.00 215-7004-60420 Operating Supplies 180.82 215-7004-60431 Materials/Supplies 10,950.35 215-7004-61116 Electric - Utilities 686.04 215-7004-61117 Electric - Medians - Utilit... 24.68 215-7004-61211 Water - Medians - Utiliti... 3,703.47 224-0000-20320 TUMF Payable to CVAG 65,760.00 241-9101-60103 Professional Services 20.00 401-0000-20600 Retention Payable -49,526.71 401-0000-60185 Design 85,830.29 401-0000-60188 Construction 1,178,821.68 401-0000-60480 Contributions to Other A... 7,244.49 501-0000-60676 Vehicle Repair & Maint... 6,980.17 501-0000-60679 Motorcycle Repair & Ma... 1,793.71 502-0000-60104 Consultants 50,143.00 502-0000-61301 Cell/Mobile Phones 4,890.78 502-0000-61400 Cable/Internet - Utilities 8,459.02 502-0000-80100 Machinery & Equipment 125,651.84 504-1010-60420 Operating Supplies 740.66 601-0000-60455 Bank Fees 24.44 Grand Total: 1,749,075.75 Project Account Summary Project Account Key Project Account Name Project Name Expense Amount **None** **None** **None** 516,622.99 111205CT Construction Expense Dune Palms Bridge Imp/BRLKS-5' 990,534.30 111205RP Retention Payable Dune Palms Bridge Imp/BRLKS-5' -49,526.71 201804E Landscape & Lighting Median Islan... Landscape & Lighting Median Islz 10,083.01 201905D Design Expense Highway 111 Corridor Area Plan I 85,830.29 202003CT Construction Expense Citywide Public Safety Camera Sy 1,937.41 202203CT Construction Expense Fred Waring Drive Pavement Reh 182,906.97 202205CB Contribution Expense Avenue 50 Widening Improveme 7,244.49 2324TMICT Construction Expense FY23/24Traffic Maintenance Imf 3,443.00 Grand Total: 1,749,075.75 *Project codes are generally used to track Capital Improvement Program (CIP) projects, other large public works projects, developer deposits, or city-wide events. Normal operational expenditures are not project coded and, therefore, will report as "none" in this section. 5/28/2024 11:10:35 AM 237 Page 5 of 5 ATTACHMENT 2 City of La Quinta Bank Transactions 05/13/2024-05/24/2024 Wire Transaction Listed below are the wire transfers from 05/13/2024-05/24/2024. Wire Transfers: 05/14/2024 - WIRE TRANSFER - STERLING 05/14/2024 - WIRE TRANSFER - J&H ASSET PROPERTY MANAGEMENT, INC 05/15/2024 - WIRE TRANSFER - COLONIAL LIFE 05/16/2024 - WIRE TRANSFER - LANDMARK 05/17/2024 - WIRE TRANSFER - AMERITAS 05/17/2024 - WIRE TRANSFER - AMERITAS 05/17/2024 - WIRE TRANSFER - STANDARD OF OREGON 05/17/2024 - WIRE TRANSFER - AMERITAS 05/24/2024 - WIRE TRANSFER - LQCEA 05/24/2024 - WIRE TRANSFER - MISSION SQUARE 05/24/2024 - WIRE TRANSFER - MISSION SQUARE TOTAL WIRE TRANSFERS OUT $1,337.47 $37,364.34 $9,131.82 $197,873.84 $89.96 $1,411.62 $1,580.08 $6,732.94 $468.00 $4,025.00 $12,943.19 $272,958.26 238 BUSINESS SESSION ITEM NO. 1 CONSIDERED AS BUSINESS SESSION ITEM NO. 2 City of La Quinta CITY COUNCIL MEETING: June 4, 2024 STAFF REPORT AGENDA TITLE: ADOPT RESOLUTIONS TO: 1) APPROVE AMENDMENT NO. 2 TO THE AMENDED AND RESTATED AGREEMENT WITH BURRTEC WASTE AND RECYCLING SERVICES, LLC FOR SOLID WASTE HANDLING SERVICES TO AMEND SECTION 8.18 RELATED TO ORGANIC WASTE PRODUCT TO COMPLY WITH SB 1383; AND 2) REQUEST COUNTY OF RIVERSIDE PLACE COLLECTION COSTS FOR SOLID WASTE HANDLING SERVICES AT SINGLE FAMILY DWELLINGS ON TAX ROLLS FOR FISCAL YEAR 2024/25; AND APPROVE GENERAL FUND BUDGET APPROPRIATION FOR FISCAL YEAR 2023/24 RECOMMENDATION A. Adopt a Resolution to approve Amendment No. 2 to the Amended and Restated Agreement with Burrtec Waste and Recycling Services, LLC for solid waste handling services to amend Section 8.18 related to organic waste product to comply with SB 1383; and authorize the City Manager to execute the amendment. B. Adopt a Resolution to request the County of Riverside place collection costs for solid waste handling services for single-family dwellings on the tax rolls for fiscal year 2024/25. C. Approve General Fund budget appropriation for fiscal year 2023/24. EXECUTIVE SUMMARY • In 2016, the Governor of California approved Senate Bill 1383 [Stats. 2016, Ch. 395, SB 1383 Lara] (SB 1383) related to short -live climate pollutants, such as black carbon, fluorinated gases, and methane, which included target goals for the reduction in the level of statewide disposal of organic waste in order to reduce methane emissions, which went into effect January 2022 requiring cities to provide organics recycling services to all residents and businesses. In 2022 and 2023, Council approved the Amended and Restated Agreement (Agreement) and subsequent Amendment No. 1 with Burrtec Waste and Recycling Services, LLC (Burrtec) for waste handling, recycling, organics, and household hazardous waste services in the City, which included property tax roll billing for residential customers. 239 • The proposed Amendment No. 2 to the Agreement will implement the procurement of a certain amount of qualifying compost and mulch as required by SB 1383. • The County Tax Assessor requires Council to annually adopt a resolution requesting that the cost of solid waste collection services be placed on the residential tax rolls. FISCAL IMPACT Costs related to the procurement of the mandated annual amount of mulch, as outlined in Amendment No. 2, will be billed to residents and businesses. Effective fiscal year (FY) 2024/25, the City will budget up to $200,000 per FY, from AB 939 (account 221-0000- 60127), to cover any additional costs for services and products that may arise from complying with SB 1383. A one-time cost of $106,598.11 for the procurement of orchard mulch compost will be paid out from account 221-0000-60127 from FY 2023/24 (Attachment 3), a budget appropriation from the General Fund of $125,000 is requested to cover the additional expenses in Fund 221. BACKGROUND/ANALYSIS On May 17, 2022, Council adopted Resolution No. 2022-013, approving the current operative exclusive franchise Agreement with Burrtec for solid waste handling, recycling, organics, and household hazardous waste services, which includes property tax roll billing for residential customers. On June 6, 2023, Council adopted Resolution No. 2023-014, approving Amendment No. 1 to the Agreement and amending "Section 8.6.8 Acceptance of Recyclable Materials and Household Hazardous Waste," which added collection of household hazardous waste. In 2016, the Governor of California approved SB 1383 related to "Short -live climate pollutants: methane emissions: dairy and livestock: organic waste: landfills, which went into effect January 2022, and required cities to provide organics recycling services to all residents and businesses, and included target goals for the reduction in the level of statewide disposal or organic waste in order to reduce methane emissions. If approved, the proposed Amendment No. 2 (Attachment 1) to the Agreement will amend "Section 8.18 Provision for Recovered Organic Waste Product" and implement the procurement of a certain amount of qualifying compost and mulch (Attachment 3) as required by SB 1383, assisting the City with ensuring compliance with this State mandate. Burrtec is able to maintain lower rates during the Agreement term and reduce the impact of added costs from the mandatory implementation of SB 1383. The City's Agreement with Burrtec stipulates that solid waste collection, handling, and street sweeping serves costs for single-family dwelling will be collected through the tax rolls. Section 24 of the Agreement specifies that Burrtec can adjust the rates per the Consumer Price Index annually and pass along any increases from the Transfer Station. 240 The table below details the rates for FY 2024/25 (Attachment 2). These service costs are not subject to Proposition 218 (which provides that all taxes and most charges are subject to voter approval) because the rates are reasonably related to the cost of services provided. Single -Family Dwelling 2023/24 Rate 2024/25 Rate (existing) (proposed) Service Component $16.29/month $18.42/month Disposal Component $6.86/month $7.36/month AB 939 Fee $0.10/month $0.10/month Total Rate $23.25/month $25.88/month $279.00/year $310.56/year Additional Residential Services 2023/24 Rate 2024/25 Rate (existing) (proposed) Additional Refuse Cart $8.79/month $9.16/month $105.48/year $109.92/year Backyard Service for 3 containers $15.64/month $16.31/month $187.68/year $195.72/year Backyard Service additional container $3.09/month $37.08/year $3.22/month $38.64/year PGA 2nd Pick-up Day $15.73/month $16.74/month $188.76/year $200.64/year Surcharge for Homeowners Association 10% of Service 10% of Service desiring Monday service Component Component ALTERNATIVES Staff does not recommend an alternative. Prepared by: Gil Villalpando, Director of Business Unit and Housing Development Approved by: Jon McMillen, City Manager Attachments: 1. Amendment No. 2 to the Amended and Restated Agreement with Burrtec 2. Waste Handling Service Rates — effective July 1, 2024 3. Burrtec Invoice for Orchard Mulch Compost, dated November 21, 2023 241 RESOLUTION NO. 2024 — XXX A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING AMENDMENT NO. 2 TO THE AMENDED AND RESTATED AGREEMENT WITH BURRTEC WASTE AND RECYCLING SERVICES, LLC FOR SOLID WASTE HANDLING SERVICES WHEREAS, the California Integrated Waste Management Act of 1989 ("AB 939") (California Public Resources Code Section 40000 et seq.) has declared that it is in the public interest to authorize and require local agencies to make adequate provisions for Solid Waste handling within their jurisdictions to meet the goals and requirements of AB 939; and WHEREAS, on May 17, 2022, the City Council adopted Resolution No. 2022-013 approving that certain Amended and Restated Agreement between City of La Quinta and Burrtec Waste and Recycling Services, LLC ("Burrtec") for Solid Waste Handling Services, effective July 1, 2022 (the "Agreement"), the Term of the Agreement will expire on June 30, 2037; and WHEREAS, the Agreement is the currently operative exclusive franchise agreement for the City's waste hauling and recycling services, entered into pursuant to AB 939 and Public Resources Code Sections 49300 and 49500 thereunder, and the applicable provisions of the La Quinta City Charter and Municipal Code, under which the City determined that the public health, safety, and well-being required the Agreement to be awarded to a qualified company for the collection, transportation, recycling, processing, and disposal of solid waste and other services to meet the goals and requirements of AB 939; and WHEREAS, on June 6, 2023, the City Council adopted Resolution No. 2023-014 approving Amendment No. 1 to the Agreement, effective July 1, 2023, and amending "Section 8.6.8 Acceptance of Recyclable Materials and Household Hazardous Waste" for specified additional services relating to the acceptance of recyclable materials and HHW; and WHEREAS, on September 19, 2016, the Governor of California approved Senate Bill 1383 [Stats. 2016, Ch. 395, SB 1383 Lara] (SB 1383) related to "Short -live climate pollutants: methane emissions: dairy and livestock: organic waste: landfills," which went into effect January 2022 requiring cities to provide organics recycling services to all residents and businesses; and WHEREAS, the City wishes to enter into Amendment No. 2 to the Agreement, subject to the terms and conditions set forth in this Resolution and the Agreement, to amend "Section 8.18 Provision for Recovered Organic Waste Product" and implement the procurement of a certain amount of qualifying compost and mulch as required by SB 1383, to assist the City with ensuring compliance with the State mandate; and 242 Resolution No. 2024 — XXX Amendment No. 2 to the Amended and Restated Agreement with Burrtec — SB 1383 Organics Compliance Adopted: June 4, 2024 Page 2 of 3 WHEREAS, California Public Resources Code Section 49300 requires the City to approve the terms of the proposed Amendment No. 2 pursuant to a City Council Resolution. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California, as follows: SECTION 1. The City of La Quinta hereby approves this Amendment No. 2 to the Amended and Restated Agreement between City of La Quinta and Burrtec Waste and Recycling Services, LLC for Solid Waste Handling Services, in the form attached to the Staff Report accompanying this Resolution (the "Amendment No. 2"). SECTION 2. The term of Amendment No. 2 shall be for the same Term as the Agreement. SECTION 3. The City Manager, with concurrence of the City Attorney, may make non -substantive edits to this Amendment No. 2 as required, and the City Manager shall have the authority to execute Amendment No. 2 on behalf of the City. PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta City Council held on this 4th day of June 2024, by the following vote: AYES: NOES: ABSENT: ABSTAIN: LINDA EVANS, Mayor City of La Quinta, California ATTEST: MONIKA RADEVA, City Clerk City of La Quinta, California 243 Resolution No. 2024 — XXX Amendment No. 2 to the Amended and Restated Agreement with Burrtec — SB 1383 Organics Compliance Adopted: June 4, 2024 Page 3 of 3 APPROVED AS TO FORM: WILLIAM H. IHRKE, City Attorney City of La Quinta, California 244 RESOLUTION NO. 2024 - XXX A RESOLUTION OF THE CITY COUNCIL OF THE CITYOF LA QUINTA, CALIFORNIA, REQUESTING THE COUNTY OF RIVERSIDE TO PLACE COLLECTION OF COSTS FOR SOLID WASTE HANDLING SERVICES AT SINGLE- FAMILY DWELLINGS ON THE TAX ROLLS WHEREAS, the La Quinta City Council wishes to ensure the uniform collection of rates for solid waste handling services at single-family dwellings and place collection thereof on the County of Riverside Tax Assessor's Tax Rolls; and WHEREAS, the attached "Exhibit A" sets forth the maximum rates that may be collected for solid waste handling services at single-family dwellings in the City of La Quinta pursuant to a franchise agreement with an Effective Date of July 1, 2022, entitled "Amended and Restated Agreement Between The City of La Quinta and Burrtec Waste and Recycling Services, LLC, for Solid Waste Handling Services" as amended by that certain Amendment to the Amended and Restated Agreement, dated July 1, 2024; and WHEREAS, the City of La Quinta has determined that applicable provisions, if any, of Proposition 218 (Articles XIII C and XIII D of the California Constitution) have been satisfied in connection with the matters addressed by the Resolution. NOW, THEREFORE, BE IT RESOLVED by the City of La Quinta, to adopt as follows: SECTION 1. The City Council hereby requests the Riverside County Tax Assessor to place collection of costs for solid waste handling services at single-family dwellings in the City on the County's tax rolls as set forth by "Exhibit A," attached hereto and incorporated by this reference. PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta City Council held on this 4th day of June, 2024, by the following vote: AYES: NOES: ABSENT: ABSTAIN: 245 LINDA EVANS, Mayor City of La Quinta, California ATTEST: MONIKA RADEVA, City Clerk City of La Quinta, California APPROVED AS TO FORM: WILLIAM H. IHRKE, City Attorney City of La Quinta, California 246 ATTACHMENT 1 AMENDMENT NO.2 TO AMENDED AND RESTATED AGREEMENT BETWEEN CITY OF LA QUINTA AND BURRTEC WASTE & RECYCLING SERVICES LLC FOR SOLID WASTE HANDLING SERVICES This is Amendment No. 2 ("Amendment No. 2") to that certain Amended and Restated Agreement between City of La Quinta and Burrtec Waste & Recycling Services, LLC for Solid Waste Handling Services ("Agreement") entered into on July 1, 2022 by and between the CITY OF LA QUINTA ("City") and BURRTEC WASTE & RECYCLING SERVICES, LLC (the "Contractor"), as amended by that certain Amendment to the Agreement entered into on July 1, 2023 ("Amendment No. L") This Amendment No. 2 is entered into this I` day of July, 2024 to amend Section 8.18 of the Agreement. NOW THEREFORE, for good and valuable consideration, City and Contractor agree as follows: 1. Amendment to Section 8.18. Section 8.18 of the Agreement is hereby amended to read in its entirety as follows: "8.18 Provision for Recovered Organic Waste Product For so long as it is required by SB 1383, Contractor agrees to coordinate and cooperate with the City to meet its Organic Waste produce procurement target pursuant to the SB 1383 Regulations. At the City's direction, Contractor shall procure recovered organic waste products (Compost, Mulch, Electricity from Biomass and/or Renewable Natural Gas) meeting the requirements of 14 CCR Section 18993.1. The cost of such procurement ("Procurement Costs") shall be integrated into the maximum rates as set forth in Exhibit A, with the initial rates set to accommodate up to 3,300 tons annually of compost. Any additional costs adhered such as supplementary products, labor, equipment, and necessary items will be paid by the City to Contractor. The parties shall negotiate in good faith to determine the appropriate prorated change to the maximum rates charged above the 3,300 tons, to each Customer, taking into account all relevant financial data and the maximum rates set forth on Exhibit A will thereafter be adjusted accordingly at the next Adjustment Date. The City Manager may approve changes in the Procurement Costs associated with any of the maximum rates set forth on Exhibit A, or, in his discretion, may, refer such approval to the City Council. Contractor shall maintain written records regarding procurement and shall submit those records to the City consistent with the recordkeeping requirements in 14 CCR Sections 18993.2, 18993.4, and 18994.20)." 2. No Other Changes. Except as specifically provided herein, all terms and conditions of the Agreement shall remain in full force and effect, without waiver or modification. All terms defined in the Agreement shall have the same meaning when used in this Amendment No. 2. In the event of any conflict between the terms of this Amendment No. 2 and the Agreement, the terms of this Amendment No. 2 shall prevail. This Amendment No. 2 may be executed in multiple counterparts, each of which shall be an original and all of which together shall constitute one agreement. AMENDMENT NO. 2 TO AMENDED AND RESTATED AGREEMENT BETWEEN CITY OF LA QUINTA AND BURRTEC WASTE & RECYCLING SERVICES LLC FOR SOLID WASTE HANDLING SERVICES 247 IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to be executed as of the day and year first above written. ATTEST: Monika Radeva, City Clerk APPROVED AS TO FORM: William H. Ihrke, City Attorney CITY OF LA QUINTA, a California municipal corporation and charter city Jon McMillen, City Manager BURRTEC WASTE & RECYCLING SERVICES, LLC, a California limited liability company Lo Its: AMENDMENT NO. 2 TO AMENDED AND RESTATED AGREEMENT BETWEEN CITY OF LA QUINTA AND BURRTEC WASTE & RECYCLING SERVICES LLC FOR SOLID WASTE HANDLING SERVICES 248 ATTACHMENT 2 BURRTEC WASTE & RECYCLING SERVICES "We'll Take Care Of It" April 17, 2024 Mr. Gilbert Villalpando Assistant to the City Manager City of La Quinta 78495 Calle Tampico La Quinta, CA 92247-1504 RE: 2024 Rate Adjustment Dear Mr. Villalpando, Please find the attached refuse and recycling rate sheets effective July 1, 2024 in accordance with Section 24 of the Amended and Restated Agreement. The service component of the rates, reflects an adjustment in the Consumer Price Index (CPI) for the period of March 2023 to March 2024 which was 4.26%. The CPI service component adjustment for residential will be $.61 per month. Our amended Franchise Agreement, section 24.5, calls for a SB 1383 program rate phase -in of $.80 increase per month. The residential rates attached includes the phase -in rate. The service component adjustment for a commercial 3-yard container receiving service one time per week (most common) is $4.89 per month. The residential and commercial rates also include the organic procurement cost for up to 3,300 tons of compost per SB1383 mandate. The residential monthly cost for procurement is $.19 and for a commercial 3-yard receiving service one time per week (most common) is $2.06 per month. The disposal component of the rates reflects an increase of $.50 per month for residential customers. The adjustment for a 3-yard commercial refuse container serviced once per week is $4.05 per month. Included in the residential and commercial recycling rates are the recycling processing fees that have been adjusted to reflect the net -recycling costs for 2024. Please feel free to contact me, should you have any questions or concerns. Sincerely, Frank Orlett Vice President FO:pb Enc. 41-575 Eclectic Street • Palm Desert, California 92260 • 760-340-5901 • Fax: 760-340-2732 • www.burrtecdesert.com 249 EXHIBIT A MAXIMUM RATE SCHEDULE FOR WASTE HANDLING SERVICES ATTACHED 250 City of La Quinta Maximum Rates For Single Family Dwellings — Monthly* Effective July 1, 2024 Service Disposal AB 939 Total Monthly Total Yearly Single Family Dwellings Component Component Fees Rate Rate Tax Roll Billing $ 18.42 $ 7.36 $ 0.10 $ 25.88 $ 310.56 Direct Billing $ 20.27 $ 7.36 $ 0.10 $ 27.73 $ 332.76 Additional Refuse Cart $ 9.16 $ 9.16 $ 109.92 Cart Replacement - ( Per Section 8.1.8 F) one-time fee $ 76.86 $ 76.86 n/a Bulky Item: in excess of 4 items or non -regular collection day** $ 23.06 $ 23.06 n/a Backyard Service Basic Additional Charge for Backyard Service $ 16.31 $ 16.31 $ 195.72 Charge for additional Recycling or Organics Cart $ 3.22 $ 3.22 $ 38.64 PGA —2"d Pick -Up Day $ 11.08 $ 5.66 $ 16.74 $ 200.64 Surcharge for HOA's Desiring Monday Service 10% of Service Component 10% of Service Component *The maximum rates on this sheet shall apply to all customers receiving automated or manual service utilizing carts or cans, including specifically such customers (if any) at commercial premises. **Charged for pickups in excess of four items, or pickup on a non -collection day. Pickup otherwise at no additional charge. 251 City of La Quinta Maximum Rates for Customers Receiving Service in Bins - Commercial or Residential Effective 7.1.2024 2 yd Bin Service Pickups Per Week Service Component Disposal Component Monthly Customer Rate 1 x per week $ 97.27 $ 36.44 $ 133.71 2 x per week $ 168.45 $ 72.88 $ 241.33 3 x per week $ 236.58 $ 109.32 $ 345.90 4 x per week $ 304.11 $ 145.76 $ 449.87 5 x per week $ 365.06 $ 182.20 $ 547.26 6 x per week $ 439.80 $ 218.65 $ 658.45 Extra Empty* $ 48.64 $ 10.23 $ 58.87 3 yd Bin Service Pickups Per Week Service Component Disposal Component Monthly Customer Rate 1 x per week $ 121.91 $ 54.67 $ 176.58 2 x per week $ 213.54 $ 109.32 $ 322.86 3 x per week $ 297.94 $ 163.99 $ 461.93 4 x per week $ 376.48 $ 218.65 $ 595.13 5 x per week $ 446.25 $ 273.30 $ 719.55 6 x per week $ 524.38 $ 327.96 $ 852.34 Extra Empty* $ 66.27 $ 14.59 $ 80.86 4 yd Bin Service Pickups Per Week Service Component Disposal Component Monthly Customer Rate 1 x per week $ 167.01 $ 72.88 $ 239.89 2 x per week $ 259.95 $ 145.76 $ 405.71 3 x per week $ 355.84 $ 218.65 $ 574.79 4 x per week $ 452.76 $ 291.54 $ 744.30 5 x per week $ 544.01 $ 364.41 $ 908.42 6 x per week $ 633.07 $ 437.28 $ 1,070.35 Extra Empty* $ 89.70 $ 19.69 1 $ 109.39 6 yd Bin Service Pickups Per Week Service Component Disposal Component Monthly Customer Rate 1 x per week $ 249.67 $ 109.32 $ 358.99 2 x per week $ 392.31 $ 218.65 $ 610.96 3 x per week $ 537.32 $ 327.96 $ 865.28 4 x per week $ 683.47 $ 437.28 $ 1,120.75 5 x per week $ 823.18 $ 546.60 $ 1,369.78 6 x per week $ 957.79 $ 655.93 $ 1,613.72 Extra Empty* $ 133.95 $ 29.28 $ 163.23 * Meaning occasional calls for extra service, or "emptying" of Bin. Customers desiring a locking Bin may be charged a one-time charge of up to $94.94 to add a locking bar to their Bin, and are subject to a charge not to exceed $36.52 each time the locking bar needs replacement. The Service Component for Customers receiving services less than 6 times per week and who desire service on Saturday may be increased by an amount to not to exceed $39.48 The monthly Service Component for Customers who keep Bins in locked enclosures may be increased by an amount not to exceed $27.48. The monthly Service Component for Customers who keep Bins in a location requiring Contractor to move them more than 20 feet for collection purposes may be increased by an amount not to exceed $48.71, 252 CITY OF LA QUINTA Commercial Bin Recycling Rates Effective July 1, 2024 2 yd Bin Service Processing Monthly Rate Pickups Per Week 1 x Per Week $ 8.91 $ 79.00 2 x Per Week $ 17.82 $ 145.70 3 x Per Week $ 26.73 $ 211.02 4 x Per Week $ 35.64 $ 276.00 5 x Per Week $ 44.55 $ 337.85 6 x Per Week $ 53.46 $ 406.33 Extra Empty* $ 2.06 $ 37.49 3 yd Bin Service Processing Monthly Rate Pickups Per Week 1 x Per Week $ 13.37 $ 107.22 2 x Per Week $ 26.73 $ 198.22 3 x Per Week $ 40.10 $ 287.82 4 x Per Week $ 53.46 $ 374.63 5 x Per Week $ 66.83 $ 464.07 6 x Per Week $ 80.12 $ 551.68 Extra Empty* $ 3.09 $ 50.08 4 yd Bin Service Processing Monthly Rate Pickups Per Week 1 x Per Week $ 17.82 $ 145.03 2 x Per Week $ 35.64 $ 255.25 3 x Per Week $ 53.46 $ 366.87 4 x Per Week $ 71.28 $ 478.97 5 x Per Week $ 89.11 $ 588.39 6 x Per Week $ 106.93 $ 696.77 Extra Empty* $ 4.12 $ 67.90 6 yd Bin Service Processing Monthly Rate Pickups Per Week 1 x Per Week $ 26.73 $ 209.84 2 x Per Week $ 53.46 $ 369.42 3 x Per Week $ 80.20 $ 530.07 4 x Per Week $ 106.93 $ 691.26 5 x Per Week $ 133.66 $ 849.44 6 x Per Week $ 160.39 $ 1,005.21 Extra Empty* $ 6.19 $ 101.66 * Meaning occasional calls for extra service, or "emptying" of Bin. Customers desiring a locking Bin may be charged a one-time charge of up to $94.94 to add a locking bar to their Bin, and are subject to a charge not to exceed $36.52 each time the locking bar needs replacement. The rates for Customers receiving services less than 6 times per week and who desire service on Saturday may be increased by an amount to not to exceed $39.48. The monthly rate for Customers who keep Bins in locked enclosures may be increased by an amount not to exceed $27.48. The monthly rate for Customers who keep Bins in a location requiring Contractor to move them more than 20 feet for collection purposes may be increased by an amount not to exceed $48.71. 96-gal recycling cart will be charged at $37.06 per pick up. 253 TY OF to QUINTA 3mmercial Foodwaste Rates fective 711124 Proposed Rates 7.1.24 64 Gallon Cart Extra Pickup Recycling Total Recycling 10% Total # of Carts Collection Material Franchise AB-939 Monthly # Pick -Ups Collection Material Franchise AB-939 Monthly Per Pick up Component Processing Fee Fee Rate Per week Component Processing Fee Fee Rate 1 $ 11.74 $ 11.02 $ 2.53 $ - $ 25.29 1 $ 39.29 $ 36.81 $ 8.46 $ 0.48 $ 85.04 2 $ 21.87 $ 20.51 $ 4.71 $ - $ 47.09 2 $ 78.56 $ 73.58 $ 16.90 $ 0.97 $ 170.01 3 $ 29.16 $ 27.32 $ 6.28 $ - $ 62.76 3 $ 117.85 $ 110.39 $ 25,36 $ 1.45 $ 255.05 4 $ 38.88 $ 36.41 $ 8.37 $ - $ 83.66 4 $ 157.14 $ 147.15 $ 33.81 $ 1.94 $ 340.04 5 $ 48.59 $ 45.53 $ 10.46 $ - $ 104.58 5 $ 196.42 $ 183.97 $ 42.27 $ 2.42 $ 425.08 Additional Cart after 4 Carts Per Week .64 Gallon Cart Recycling Total Recycling Total # of Carts Collection Material Franchise AB-939 Monthly # Pick -Ups Collection Material Franchise AB-939 Monthly Per Pick -Up Component Processing Fee Fee Rate Per week Component Processing Fee Fee Rate 1 $ 28.83 $ 27.01 $ 6.20 $ - $ 62.04 1 $ 62.85 $ 73,58 $ 15.16 $ 0.85 $ 152.44 2 $ 57.59 $ 53.92 $ 12.39 $ - $ 123.90 2 $ 125.70 $ 147.15 $ 30.32 $ 1.71 $ 304.88 3 $ 86.45 $ 81.00 $ 18.61 $ - $ 186.06 3 $ 188,55 $ 220.73 $ 45.48 $ 2.56 $ 457,32 4 $ 115.29 $ 107.94 $ 24.80 $ - $ 248.03 4 $ 251.43 $ 294.31 $ 60.64 $ 3.42 $ 609.80 5 $ 144.12 $ 134.94 $ 31.01 $ - $ 310.07 5 $ 314.27 $ 367.88 $ 75.79 $ 4.27 $ 762.21 2CY Bin Recycling Total -64 Gallon Cart # Pick -Ups Collection Material Franchise AB-939 Monthly Recycling Total Per week Component Processing Fee Fee Rate # Pick -Ups Collection Material Franchise AB-939 Monthly 1 $ 129.63 $ 83.39 $ 23.67 $ 0.90 $ 237.59 Per week Component Processing Fee Fee Rate 2 $ 255.68 $ 166.77 $ 46.94 $ 1.62 $ 471.01 1 $ 82.49 $ 110.39 $ 21.43 $ 1.19 $ 215.50 3 $ 383.51 $ 260.36 $ 71.54 $ 2.32 $ 717.73 2 $ 176.76 $ 220.73 $ 44.17 $ 2A7 $ 444.13 4 $ 511.35 $ 333.55 $ 93.88 $ 3.01 $ 941.79 3 $ 247.48 $ 331.12 $ 64.29 $ 3.58 $ 646.47 5 $ 639.19 $ 416.94 $ 117.35 $ 3.66 $ 1,177.14 4 $ 329.97 $ 441.46 $ 85.71 $ 4.78 $ 861.92 6 $ 767.04 $ 500.32 $ 140.82 $ 4.41 $ 1,412.59 5 $ 412.48 $ 551.86 $ 107.15 $ 5.97 $ 1,077.46 ,-64 Gallon Cart Recycling Total # Pick -Ups Collection Material Franchise AB-939 Monthly Per week Component Processing Fee Fee Rate 1 $ 94,28 $ 147.15 $ 26.83 $ 1.48 $ 269,74 2 $ 188.54 $ 294.31 $ 53.65 $ 2.95 $ 539.45 3 $ 282.84 $ 441.46 $ 80.46 $ 4.43 $ 809.21 $ 377.11 $ 588.61 $ 107.30 $ 5.90 $ 1,078.92 5 $ 471.41 $ 735.76 $ 134.13 $ 7.38 $ 1,348.68 254 CITY OF LA QUINTA Maximum Rates for Service in Rolloff Boxes and Temporary Service Effective July 1, 2024 Maximum Rolloff Box Rate is the Total of the Service Component and Disposal Component Service Component: Rolloff Box Size Standard 20 yard box $196.83 per pull plus $1.001ton of Solid Waste Collected Standard 30 yard box $252.17 per pull plus $1.001ton of Solid Waste Collected Standard 40 yard box $292.02 per pull plus $1.001ton of Solid Waste Collected The Service Component for Rolloff Compactors is three times the per pull rate for the same size Rolloff Box, plus $1.00 per ton of Solid Waste Collected (i.e., the Service Component for a 40yd. Compactor Is 3 x $292.02 = $876.06 + $1.00/ton) Disposal Component: Actual Amount Charged to Contractor for Disposal, plus franchise fee Temporary Service Using Bins Temporary Service utilizing a 3yd Bin is subject to a maximum rate, comprised only of a Service Component, of $174.86 per servicing by Contractor Temporary Service utilizing a 4yd Bin is subject to a maximum rate, comprised only of a Service Component, of $191.66 per servicing by Contractor Temporary Service Delivery Charge Bins and Rolloff Boxes used for Temporary Services are subject to a delivery charge of $29.88 255 City of La Quinta Maximum Service ComponentlRate For Miscellaneous Charges Effective July 1, 2024 New Start Fee $ 10.56 Re -Start Fee $ 28.17 Extra Trip - Rolloff Boxes Only $ 84.32 Returned Check $ 31.39 Delivery Charge $ 29.91 Bulky Item Service Residential in excess of 4 items or non -regular collection day $23.06/Item Commercial $82.67/Item 256 ga. Consumer Price Index for All Urban Consumers (CF Original Data Value Series id: CUURS49CSAO Not Seasonally Adjusted Series All items in Riverside -San Bernardino -Ontario, CA, all Title: urban consumers, not seasonally adjusted Area: Riverside -San Bernardino -Ontario, CA Item: All items Base DECEMBER 2017=100 Period: Years: 2017 to 2024 Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual HALF1 HALF2 2017 100,000 2018 100.916 101.897 102.929 103.139 103.241 103.616 102.732 102.023 103.441 2019 103,991 104.749 105.959 105.816 106.412 106.573 105.697 104.998 106.397 2020 107.143 107.162 106.899 107.640 108,201 108.626 107.672 107.068 108.275 2021 109.550 110.981 113.222 114.682 115.567 117.206 113.875 111.588 116.162 2022 118.963 122.127 123.893 125,262 125.272 125.983 123.784 122.018 125.551 2023 127.683 127.707 128.768 129.525 131.372 131.372 129.545 128.130 130.961 2024 131.358 133.144 Increase 5.44 % 4.26% 257 ATTACHMENT 3 BURRTEC "We'll Take Care Of It" TO: City of La Quinta Mr. Gil Villalpando, Director City Manager's Office 78495 Calle Tampico La Quinta, Ca 92253 For: Recovered Organic Waste Material Product Type: Orchard Mulch Compost Details of Product Use: For City Facility Details of Delivery: Place at the SilverRock INVOICE INVOICE #LQMULCH2O23 DATE: NOVEMBER 21, 2023 QUANTITY DESCRIPTION UNIT PRICE TOTAL 3654.76 Orchard Mulch Compost- Edom Hill Compost $15.72 $57,452.83 165 Delivery —Edom Hill Compost $0.00 $0.00 3126.29 Orchard Mulch Compost- Coachella Valley Compost $15.72 $49,145.28 137 Delivery- Coachella Valley Compost $0.00 $0.00 TOTAL DUE $106,598.11 Please retain and record for SB 1383 ROWP Proof of Purchase is required per 14 CCR 18993.2 and 18993.4. Thank you for being a valued customer. We look forward to meeting your SIB 1383 procurement needs. 258 EXHIBIT A City of La Quinta Maximum Rates For Single Family Dwellings — Monthly* Effective July 1, 2024 Service Disposal AB 939 Total Monthly Total Yearly Single Family Dwellings Component Component Fees Rate Rate Tax Roll Billing $ 18.42 $ 7.36 $ 0.10 $ 25.88 $ 310.56 Direct Billing $ 20.27 $ 7.36 $ 0.10 $ 27.73 $ 332.76 Additional Refuse Cart $ 9.16 $ 9.16 $ 109.92 Cart Replacement - ( Per Section 8.1.8 F) one-time fee $ 76.86 $ 76.86 n/a Bulky Item: in excess of 4 items or non -regular collection day** $ 23.06 $ 23.06 n/a Backyard Service Basic Additional Charge for Backyard Service $ 16.31 $ 16.31 $ 195.72 Charge for additional Recycling or Organics Cart $ 3.22 $ 3.22 $ 38.64 PGA —2^dPick-Up Day $ 11.08 $ 5.66 $ 16.74 $ 200.64 Surcharge for HOA's Desiring Monday Service 10% of Service Component 10% of Service Component *The maximum rates on this sheet shall apply to all customers receiving automated or manual service utilizing carts or cans, including specifically such customers (if any) at commercial premises. **Charged for pickups in excess of four items, or pickup on a non -collection day. Pickup otherwise at no additional charge. 259 260 City of La Qu i nta CITY COUNCIL MEETING: June 4, 2024 STAFF REPORT BUSINESS SESSION ITEM NO. 2 CONSIDERED AS BUSINESS SESSION ITEM NO. 3 AGENDA TITLE: APPROVE CANCELLING THE REGULAR CITY COUNCIL MEETINGS OF AUGUST 20 AND SEPTEMBER 3, 2024 RECOMMENDATION Approve cancelling the regular City Council meetings of August 20 and September 3, 2024. EXECUTIVE SUMMARY • Council traditionally modifies its meeting schedule during summer months if there are no known time -sensitive matters requiring Council action. • Advance notice of cancelled meetings allows Councilmembers, Staff, and the public to properly plan for deadlines and workflow. FISCAL IMPACT There would be cost savings consisting of the time and materials associated with production of agenda packets. BACKGROUND/ANALYSIS The City Manager and Executive Team have reviewed the items requiring Council consideration, and all matters that require Council review have been scheduled for the July 16 and August 6, 2024, meetings. The recommended summer meeting schedule is as follows: • July 16 • August 6 • August 20 • September 3 • September 17 regular meeting regular meeting CANCELLED CANCELLED regular meeting Should a pressing situation or matter require Council direction or action before the next regular meeting, a special meeting will be called. ALTERNATIVES Council may select alternate dates for cancelled meetings, cancel only one meeting, or cancel no meetings. Prepared by: Laurie McGinley, Deputy City Clerk Approved by: Monika Radeva, City Clerk 261 262 BUSINESS SESSION ITEM NO. 3 CONSIDERED AS BUSINESS SESSION ITEM NO. 4 City of La Quinta CITY COUNCIL MEETING: June 4, 2024 STAFF REPORT AGENDA TITLE: APPROVE MEMORANDUM OF UNDERSTANDING WITH COUNTY OF RIVERSIDE FOR LIBRARY, MUSEUM, AND MAKERSPACE MANAGEMENT AND THE PURCHASE OF A DEDICATED RESOURCE VAN RECOMMENDATION Approve Memorandum of Understanding with County of Riverside for Library, Museum, and Makerspace management and the purchase of a dedicated resource van; and authorize the City Manager to execute the Memorandum of Understanding. EXECUTIVE SUMMARY The City has a Memorandum of Understanding (MOU) with the County of Riverside (County) to manage the La Quinta Library (Library), Makerspace, and La Quinta Museum (Museum). The current MOU and subsequent amendments expire June 30, 2024. During a site visit, the City and County discussed opportunities for enhancing Library services, including the purchase of a dedicated Library Connect Resource Van (Van). • The new MOU (Attachment 1) continues services through fiscal year 2029 and includes the purchase of the Van equipped with literary and IT resources. FISCAL IMPACT Cost of Library, Museum, and Makerspace management varies depending on Van service levels. The County provided two (2) vehicle options and three (3) Van service level options (Attachment 2) to consider. Staff is recommending Option 2 (Enhanced) for the vehicle and Option B for the service level. Each option includes an initial annual cost followed by a 3% cost increase for each remaining year of the MOU. Additionally, the cost for Library management includes a one-time expense of $258,000 for the purchase of the Van which will be budgeted in the Vehicles, Purchased Account No. 501-0000-7103. Proposed compensation to be allocated as follows: 263 Librarv, Makerspace, and Museum Annual Costs: Facility FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 FY 2028/29 Library Management Option B $1,286,800 $1,325,404 $1,365,166 $1,406,121 $1,448,305 One -Time Van Purchase (Enhanced)$258,000 Museum Management $221,450 $228,093 $234,936 $241,984 $249,243 Makerspace Management $185,595 $191,163 $196,898 $202,805 $208,889 Total $1,951,845 $1,744,660 $1,797,000 $1,850,910 $1,906,437 BACKGROUND/ANALYSIS The County collects about $3 million annually in library tax credits for the Library, Makerspace, and Museum. Since 2004, the City has contracted with the County to manage the Library and the MOU has since been amended to include Museum and Makerspace management. The MOU provides for the County to contract management services with Library Systems and Services Inc. (LSSI) who oversees day-to-day operations, programming, and events. The current MOU is set to expire on June 30, 2024. The proposed MOU allows the City to continue direct purchasing processes with LSSI through the County with funds allocated for cultural programs/events/exhibits, operating supplies, and equipment maintenance for Makerspace. This streamlined process allows the County to bill the City for these funds as part of the regular quarterly bill cycle. The City will also continue to work with the County on facility improvements (including furniture, fixtures, and shelving), and new programs/exhibits. Additionally, the MOU includes the purchase of a Van (Attachment 2) dedicated to La Quinta and equipped with materials for on -site programming, book check-out services, and pick-up of holds for any book in the Riverside County Library System collection. The Van is supplied with IT resources including wi-fi, laptops, and printing capabilities, and if purchased, becomes property of the City. The County proposed two Van options (Basic and Enhanced), staff recommends the Enhanced Van as it includes a portable 3D printer, generator, charging stations, and in the event of an emergency, can be activated as a disaster relief resource. The County also proposed three options for Van operations (Options A, B, or C), staff recommends Option B which includes increased programs and services (Attachment 2). As a result of the positive feedback from the community regarding Library, Makerspace, and Museum, and the community's interest in expanding Library services, staff recommends that Council authorize the City Manager to execute the MOU. ALTERNATIVES Council may modify and/or deny the MOU with the County. Prepared by: Michael Calderon, Community Services Management Analyst Approved by: Christina Calderon, Community Services Deputy Director Attachments: 1. Riverside County MOU 2. Resource Van Proposal 3. Resource Van Photographs 264 ATTACHMENT 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 MEMORANDUM OF UNDERSTANDING (MOU) TERMS AND CONDITIONS TO PROVIDE MANAGEMENT AND OPERATIONS OF THE LA QUINTA BRANCH LIBRARY AND THE LA QUINTA MUSEUM This Memorandum of Understanding ("MOU") is made and entered into by and between the COUNTY OF RIVERSIDE ("COUNTY") and the CITY OF LA QUINTA ("City") WHEREAS, the COUNTY has entered into an agreement with Library Systems & Services, LLC ("LSS") for contracted services for the Riverside County Library System ("RCLS") for the provision of library services; and WHEREAS, the City and COUNTY desire to enhance the delivery of library and museum services within the City, and have reached an agreement that they wish to set forth in writing in the form of this MOU. The City and COUNTY therefore agree as follows: SECTION 1: TERM This MOU shall take effect on July 1, 2024 and shall remain in effect through and including June 30, 2029 (the "Term"). The City or COUNTY may request an extension of this MOU with modified terms. If either the City or COUNTY desires to extend the Term of this MOU on modified terms, the City and County shall negotiate in good faith to extend this MOU. Unless otherwise agreed to by the City and COUNTY, any extension to this MOU would use the then existing service levels, building size, etc. as the floor of acceptable standards for the future library and museum service. The City fully reserves its rights to withdraw from the County Library System and/or management contract of museum pursuant to existing laws and regulations, effective with the expiration of this MOU or subsequent extensions. SECTION 2: HOURS OF OPERATION — LA QUINTA BRANCH LIBRARY During the Term of this MOU, the La Quinta Branch Library, located at 78-275 Calle Tampico ("La Quinta Library" or "La Quinta Branch Library"), shall be open: a minimum of 7 Page 1 of 14 265 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 days per week including 4 evenings and Sunday; and be open a minimum of 52 hours per week. In addition, at the request of the City, the COUNTY shall provide a dedicated Library Connect Resource Van for forty (40) hours per week in Northern La Quinta. The day, time and site will be approved and agreed by both the City and the County. The annual amount of reimbursement for the dedicated Library Connect Resource Van shall be $386,800.00 per year to be included in the contract amount with an annual escalator of three percent (3%) per fiscal year for each remaining fiscal year. 2.1 HOURS OF OPERATION — LA QUINTA MUSEUM Using contract staff provided by LSS, the County will provide 40 hours per week of management services to the City for the purpose of operating the La Quinta Museum. SECTION 3: LIBRARY COLLECTION The City has elected to purchase additional collections and materials for use at La Quinta Library. Upon prior written approval and authorization by the City, City agrees to reimburse the County for County's actual costs of purchasing additional new library materials for La Quinta Library from the City's Library Fund, in a total amount not to exceed $120,000.00 per year. Library materials purchased with City Library monies shall be and remain the property of City. In the event that the City withdraws from the RCLS, these library materials purchased with City Library Funds shall remain the property of the City. The City shall participate in the acquisition determinations of collection materials through LSS. Collection materials purchased for the La Quinta Branch Library shall be the property of the City and be housed at the La Quinta Branch Library. Such collection materials shall not be permanently transferred or moved from the La Quinta Library without the expressed written consent of the City. City shall allocate from the $120,000 Library Collection Not to Exceed Amount, as defined in the preceding paragraph, the amount of $20,000 to be used for Library Community and Cultural Programming and Events. Page 2 of 14 266 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 SECTION 4: LIBRARY FUNDING AND SERVICE COUNTY, through LSS, shall work cooperatively with the City to identify funding/grant opportunities for various programs and services connected with the library facility. COUNTY shall have a minimum of one Librarian holding a Masters in Library Sciences serving full-time at the La Quinta Branch Library. COUNTY and City will work together on appropriate: A) staffing levels, B) hours of operation, and C) levels of service; all commensurate with the needs of the 20,000 square -foot library. Final determination on A, B, and C shall be at the sole discretion of the City based upon input of COUNTY and LSS. During each fiscal year, COUNTY shall expend one hundred percent (100%) of City library revenues on library services at the La Quinta Library until the end of that fiscal year, when any remaining City library revenues shall be allocated to the City Library Fund (defined below) pursuant to this MOU. Notwithstanding any provisions in the MOU to the contrary, City's obligation to provide library revenues from any funding source whatsoever shall be subject to City's annual budget and appropriation process for each fiscal year, and, for each fiscal year during the Term, shall not exceed the following amounts for the following services (the "City library revenues"): (1) For Library Management, City's obligation shall not to exceed the lesser of either (a) $1,286,800.00, including $386,800.00 for the dedicated Library Connect Resource Van, of which no more than $206,000.00 is to be used or attributed to COUNTY overhead costs, or (b) the income and revenues available to the City for Library Management services at the La Quinta Library in the fiscal year, with an annual escalator of three percent (3%) per fiscal year for each remaining fiscal year; and (2) For Library Materials, City's obligation not to exceed the lesser of either (a) $120,000.00, or (b) the income and revenues available to the City for Library Materials at the La Quinta Library in the fiscal year. Page 3 of 14 267 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 (3) For the dedicated Library Connect Resource Van, City will incur a one-time start up cost not to exceed $258,000.00 for the facilitation of a Library Connect Resource Van for storage and transport of outdoor booths, mobile wi-fi, laptops, printing capabilities, materials for checkout, on -site programming, and patron access to request and pick-up of holds of any book in the RCLS collection. The one-time start up cost will be collected in Fiscal Year 2024-2025 only. For purposes of this MOU, "Library Management" means staffing, use of utilities, customer service and check out, reference and research services, collection and circulation services, and year round library programs appropriate for all ages, "Library Materials" means books, e-books, audio books, DVDs and all other types of publications in whatever media that may be used in the La Quinta Library as determined by City and consistent with the provisions in Section 3 of this MOU. In explanation of the foregoing library revenues, estimated expenditures including staffing, utilities, collections and materials for Fiscal Year 2024/2025 are $1,286,800.00, including estimated COUNTY operating expenditures for Fiscal Year 2024/2025 of $206,000.00, with an annual escalator of three percent (3%) per fiscal year for each remaining fiscal year, and, in no event shall City incur any liability under this MOU exceeding income and revenues provided for any fiscal year during the Term of this MOU. COUNTY shall allocate applicable COUNTY operating expenses for the La Quinta Library. At the end of each fiscal year during the Term of the MOU, once all City library revenues are paid or deducted for COUNTY -incurred expenses pursuant to this MOU, one hundred percent (100%) of the remaining balance of the library revenues from that fiscal year shall be transferred to the City Library Fund, maintained and administered by City (the "City Library Fund") COUNTY shall present said expenses to the City for review prior to transferring funds to the City Library Fund. The first transfer to the City Library Fund shall be made by February 15 of each fiscal year. A second transfer will be made by August 15 of the fiscal year immediately subsequent to the prior fiscal year. A final reconciliation and payment shall be completed by September 30 of Page 4 of 14 268 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 the fiscal year immediately subsequent to the prior fiscal year to allow for any year-end fiscal closing procedures of either City or COUNTY related to the prior fiscal year. Late transfers or payments by COUNTY to the City Library Fund shall result in the City charging COUNTY interest, at the City pooled rate during the time of delinquency, based on the amount of the payment and the number of days the payment is late. Once deposited, the funds in the City Library Fund shall be the sole property, and shall be under the exclusive control of the City. The City shall have the right, at its sole discretion, to withdraw and use the moneys in the City Library Fund on any and all library -related expenditures including, but not limited to: (1) reimbursement for any City - paid cost and expense for the La Quinta Branch Library, including but not limited to perimeter landscape installation, maintenance or replacement, lighting, custodial services, utilities, maintenance, replacement, and repair expenses relating to the La Quinta Branch Library, including replacement funds; (2) artwork or other enhancement expenditure in or around the La Quinta Branch Library; and (3) any and all other library -related expenses as deemed appropriate by the City. In the event that State Library revenues decrease significantly, City and County reserve the right to revisit and/or renegotiate this MOU. SECTION 5: MUSEUM SCOPE OF WORK 5.1 Using contract staff provided by LSS, the County shall provide 40 hours per week of management services to City for the purpose of operating the La Quinta Museum. located at 77- 885 Avenida Montezuma ("La Quinta Museum"). COUNTY shall provide a museum manager who shall have a BS in Museum Management or closely related field (such as History, Humanities) (the "Museum Manager"), who shall have expertise in the following areas: a) Local history b) Cultural programming c) Facilities management Page 5 of 14 269 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 d) Personnel management e) Budgeting f) Community Relations g) Outreach and volunteers coordination h) Customer Services i) Working with numerous outside organizations 5.2 During the period of management the Museum Manager shall perform the following tasks: a) Onsite management of the daily operations of the Museum 40 hours per week b) Hire and manage the Museum staff c) Direct special projects, including the installation of special exhibits d) Stewardship of the assets of the Museum and museum collections e) Represent the Museum to the public, press, local government, local history groups, and other organizations and individuals f) Manage the work of museum volunteers g) Publicize and promote museum activities, programs and exhibits h) Advise the City on matters pertaining to the operation of the Museum i) Other tasks associated with the operation of the Museum as required by the City 5.3 The Museum Manager provided by LSS shall report to the City's Director of Community Services. The Museum Manager shall meet and coordinate with the City's Director of Community Services on an as needed basis. While the day-to-day operations of the Museum shall be carried out by the Museum Manager, the overall management of the Museum shall be under the direction of the Deputy City Manager or City Manager appointee. Page 6 of 14 270 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 SECTION 6: MUSEUM EXPENSES 6.1 The parties acknowledge and agree that monies from the City Library Fund shall be used for all Museum operating expenses, including the payment of the fee outlined in Section 7, below. 6.2 The Museum Manager shall work with the City's Deputy City Manager or City Manager appointee to prepare an annual operating budget and maintain expenses within the budget. 6.3 Any sales from the museum store and admissions will be deposited into the La Quinta Museum revenue accounts maintained and administered by City (the "Museum revenue accounts") and shall be the sole property of the City. All expenses for inventory of the store shall be included within the approved operating budget. All pricing for museum store items will be approved by the City's Director of Community Services. SECTION 7: MUSEUM FEE SCHEDULE Notwithstanding any provisions in the MOU to the contrary, City's obligation to provide museum management revenues from any funding source whatsoever shall be subject to City's annual budget and appropriation process for each fiscal year and, for each fiscal year during the Term, shall not exceed the lesser of either (a) $221,450.00, or (b) the income and revenues available to the City for museum management services at the La Quinta Museum in the fiscal year ("City museum management revenues"). In explanation of the foregoing, the total cost of museum management will be approximately $221,450.00 for FY 24-25 with an annual escalator of three percent (3%) per fiscal year for the remaining fiscal years, and, in no event shall City incur any liability under this MOU exceeding income and revenues provided for any fiscal year during the Term of this MOU. City museum management revenues shall be used by COUNTY for employment of the Museum Manager and by City for costs of administration of the La Quinta Museum incurred by Page 7 of 14 271 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 City, including for time allocated to such administration by the Deputy City Manager or an appointee of the City Manager. CITY shall allocate from the Museum Not To Exceed Amount, the amount of $20,000.00 to be used for Museum Community and Cultural Programming and Events. COUNTY shall deliver invoices or bills to City for museum management services authorized under this MOU; provided, however, that City's obligation to pay COUNTY for any bill or invoice is subject to the maximum amount of City museum management revenues authorized for a fiscal year pursuant to this MOU. This cost assumes all contract staff and operational expenses for the museum. City shall be responsible for landscape maintenance, custodial services, replacement or maintenance of lighting, utilities, and repair or replacement relating to the museum. SECTION 8: MAKERSPACE FEE SCHEDULE Notwithstanding any provisions in the MOU to the contrary, CITY's obligation to provide Makerspace Management revenues from any funding source whatsoever shall be subject to CITY's annual budget and appropriation process for each fiscal year and, for each fiscal year during the Term, shall not exceed (the "Makerspace Not To Exceed Amount") the lesser of either (a) $185,595.00, or (b) the income and revenues available to CITY for Makerspace Management services at the Makerspace in the fiscal year ("Makerspace Revenue(s)"). In explanation of the foregoing, the total cost of Makerspace Management will be approximately $185,595.00 for FY 24-25 with an annual escalator of three percent (3%) per fiscal year for each remaining fiscal year, but in no event shall CITY incur any liability under this MOU exceeding the Makerspace revenues available in any fiscal year during the Term of this MOU. CITY Makerspace revenues shall be used by COUNTY for employment of the Makerspace Manager, additional technical staff, and by CITY for costs of administration of the Makerspace incurred by CITY, including time allocated to such administration by City Manager or their appointee. COUNTY shall deliver invoices or bills to CITY for Makerspace Management services Page 8 of 14 272 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 authorized under this MOU; provided, however, that CITY's obligation to pay COUNTY for any bill or invoice is subject to the maximum amount of CITY Makerspace Management revenues authorized for a fiscal year pursuant to this MOU. This cost assumes all contract staff and operational expenses for the Makerspace. CITY shall be responsible for landscape maintenance, replacement or maintenance of lighting, utilities, and repair or replacement to the Makerspace. CITY shall allocate from the Makerspace Not to Exceed Amount, as defined above, the amount of $10,000.00 to be used for Makerspace Operating Supplies and the amount of $5,000.00 to be used for Equipment Maintenance. SECTION 9: REPORTS/MEETINGS COUNTY shall provide City staff quarterly reports appropriate for City Council review. The reports shall be comprehensive and include a status on important library and museum matters such as MOU payment schedule, all related expenditures, collections, programs, service levels, and other matters of interest. Quarterly reports shall be due on or about the following dates: September 15, December 15, March 15, and June 15 of each fiscal year of this MOU. In addition, the County Librarian or his/her designee shall attend quarterly meetings at a mutually agreed upon time with City Hall to review submitted reports before City staff forwards such reports to City Council. SECTION 10: CITY WITHDRAWAL FROM COUNTY LIBRARY SYSTEM; STATUS OF LIBRARY COLLECTION, FURNISHINGS, FURNITURE, ETC. 10.1 All items purchased with City revenues (including City library revenues and City museum management revenues) shall be the sole property of the City. In addition, if the City decides at a future date to withdraw from the RCLS, City shall be granted the ownership of the then existing collection, equipment, furniture, or furnishings or for any collection materials, Page 9 of 14 273 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 equipment, furniture or furnishing purchased prior to or during the term of this MOU for use at the La Quinta Branch Library. City and COUNTY have agreed that in recognition of the City of La Quinta's contributions to the RCLS, over the past years, City will be given full credit for the value of the library collection and equipment and will be granted ownership of the then existing collection and equipment without additional payment. 10.2 To ensure seamless access to the City's library collection by RCLS patrons, if the City withdraws from the RCLS at the expiration of this MOU, City will strongly consider options to link its automated collection management system with COUNTY'S either (i) by contracting with COUNTY for operation of the City's system, or (ii) by the City paying all costs to establish a fully interactive link between the City's automated system and COUNTY'S system. 10.3 If the City withdraws from the RCLS at the expiration of this MOU, the City will endeavor to become a member of the Inland Library System preserving their citizens' access to holdings in other public libraries in the Inland area (and vice versa). SECTION 11: DEFAULT OF COUNTY 11.1 COUNTY'S failure to comply with the provisions of this MOU shall constitute a default. In the event that COUNTY is in default under the terms of the MOU, City shall have no obligation or duty to continue compensating COUNTY for any work performed after the date of default and can terminate this MOU immediately by written notice to COUNTY. If such failure by COUNTY to make progress in the performance of work hereunder arises out of causes beyond COUNTY'S control, and without fault or negligence of COUNTY, it shall not be considered a default. 11.2 If the City Manager or designee determines that COUNTY is in default in the performance of any of the terms of conditions of this MOU, City shall serve COUNTY with written notice of the default. COUNTY shall have (10) business days after service upon it of said notice Page 10 of 14 274 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 in which to cure the default by rendering a satisfactory performance. In the event that COUNTY fails to cure its default within such period of time, City shall have the right, notwithstanding any other provision of this MOU, to terminate this MOU without further notice and without prejudice to any other remedy to which it may be entitled at law, in equity or under this MOU. SECTION 12: INDEMNIFICATION AND HOLD HARMLESS 12.1 Indemnification by City. City shall indemnify and hold COUNTY, LSS, their officers, agents, employees and independent contractors free and harmless from any claim or liability whatsoever, based or asserted upon any act or omission of City, it officers, agents, employees, volunteers subcontractors, or independent contractors, for property damage, bodily injury or death, or any other element of damage of any kind or nature arising out of the performance of this MOU to the extent that such liability is imposed on COUNTY by the provisions of California Government Code Section 895.2 or other applicable law, and City shall defend at its expense, including attorney fees, COUNTY, LSS, their officers, agents, and employees and independent contractors in any legal action or claim of any kind based upon such alleged acts or omissions. 12.2 Indemnification by COUNTY. COUNTY shall indemnify and hold City, its officers, agents, employees and independent contractors free and harmless from any claim or liability whatsoever, based or asserted upon any act or omission of COUNTY, LSS, their officers, agents, employees, volunteers, subcontractors, or independent contractors, for property damage, bodily injury or death, or any other element of damage of any kind or nature arising out of the performance of this MOU to the extent that such liability is imposed on City by the provisions of California Government Code Section 895.2 or other applicable law, and COUNTY shall defend at its expense, including attorney fees, City, its officers, agents, employees and independent contractors in any legal action or claim of any kind based upon such alleged acts or omissions. SECTION 13: INSURANCE Page 11 of 14 275 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Both COUNTY and City maintain programs of self-insurance. In the event either party shall cease such program, then that party shall be required to procure insurance which would be typical for its obligations under this MOU. SECTION 14: NOTICES Any notices which either party may desire to give to the other party under this MOU must be in writing and may be given either by (i) personal service (ii) delivery by reputable document delivery service, such as but not limited to, Federal Express, that provides a receipt showing the date and time of delivery, or (iii) mailing in the United States Mail, certified mail, postage prepaid, return receipt requested, addressed to the address of the party as set forth below or at any other address as that party may later designate by Notice. Notice shall be effective upon delivery to the addresses specified below or on the third business day following deposit with the document delivery service or United States Mail as provided above. To City: City of La Quinta Mailing Address: 78-495 Calle Tampico La Quinta, California 92247-1504 Attn: Community Services Director To County: County of Riverside 3403 101h Street, Suite 400 Riverside, CA 92501 Attn: COUNTY Library Administrator SECTION 15: COMPLETE AGREEMENT Notwithstanding the foregoing, it is intended that this MOU sets forth the full and entire understanding of the parties regarding the matters set forth herein. Any agreement, alteration, understanding, variation, waiver, or modification of any of the terms or provisions contained herein shall not be binding upon the parties hereto unless made and Page 12 of 14 276 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 executed in writing by all parties hereto, and if required, approved, and implemented by the La Quinta City Council and the County Board of Supervisors. The waiver of any breach, term, or condition of this MOU by either party shall not constitute a precedent in the future enforcement of all its terms and provisions. The MOU is hereby executed and/or ratified by and between the following authorized representatives of the City and County. IN WITNESS WHEREOF, County and City have caused this MOU to be duly executed this day of , 2024. COUNTY OF RIVERSIDE: By: Chuck Washington, Chairman Board of Supervisors ATTEST: Kimberly A. Rector Clerk of the Board By: Deputy CITY OF LA QUINTA: By: Jon McMillen, City Manager ATTEST: Monika Radeva City Clerk By: Clerk Page 13 of 14 277 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 APPROVED AS TO FORM: Minh C. Tran County Counsel By: Deputy County Counsel Ryan Yabko APPROVED AS TO FORM: By: William H. Ihrke, City Attorney Page 14 of 14 278 ATTACHMENT 2 City of La Quinta Library Van Proposal Options — January 2024 Background The City of La Quinta and Riverside County Library System representatives met for an annual walk-through of the library facility on August 9, 2023. Upcoming enhancements and new opportunities were discussed. A subsequent meeting and demonstration of a library van was held on December 27, 2023 as an option to expand library services throughout the city of La Quinta. La Quinta Library Van Proposal Proposed Van Services Dedicated library van for service in the city of La Quinta, equipment and skilled staff are proposed to provide internet connectivity, technology access, services, programs and collections for children, teens and adults at remote locations. Costs Year one operating costs will include one-time start-up costs plus annual (recurring) costs. Subsequent years will include annual (recurring) costs only. Two options are provided for one-time start-up costs, reflecting a core services approach and an enhanced services approach. One-time start-up costs incurred prior to first service day: • Collection • Supplies and Equipment • Databases, IT Services, Subscriptions and Insurance Three options are provided for annual (recurring) costs, reflecting a core services approach and two enhanced services scenarios. Annual (recurring) operational costs for year one includes: • Library Operations: Public Services, IT and Courier • Programs, Services, Instruction and Events • Databases, IT Services and • Insurance and Maintenance • Supplies and Equipment • Library Collection and Materials. LS&S will charge a 5% processing fee. Recurring costs will increase by 3% annually. Not included: • Mandatory minimum wage increases library systems .A'services 279 ONE-TIME (STARTUP) COSTS Option 1 (Basic) Option 2 (Enhanced) Resource Van/Bookmobile (DMV Fees, Insurance) $135,000 $155,000 Supplies and Equipment $68,000 $80,000 Databases, IT Services, Subscriptions, $1,500 $3,000 Library Collection and Materials $5,000 $20,000 TOTAL $209,500 $258,000 Option 1: Basic startup costs for a Library Connect Resource Van currently used by RCLS fleet. Allows for storage and transport of outdoor booths to provide mobile wi-fi, laptops and printing as well as a small collection of materials for checkout. Opportunities for on -site programming such as storytimes or technology literacy classes are provided. Patrons may also request and pick up holds of any book in the RCLS collection. Option 2: Includes everything from Option 1 with the addition of a generator to sustain two evaporative coolers and charging capabilities in the event of electrical grid outages for citizens. Also included are technology and supplies requested by the La Quinta Branch Manager (i.e. portable 3D printer and microscopes) ANNUAL COSTS Option A Option B Option C Van Operations (Public Services, IT, courier Insurance, Mileage, Maintenance) $323,800 $343,800 $353,800 Programs, Services, Instruction and Events $10,000 $20,000 $30,000 Databases, IT Service, Subscriptions $1,500 $3,000 $5,000 Supplies and Equipment $7,500 $10,000 $15,000 Library Collection and Materials $5,000 $10,000 $15,000 TOTAL $347.800 $386,800 $418,800 Option A: Basic operating costs for programs and services for the public, ongoing replacement and maintenance of van, supplies and equipment. Option B: Includes everything from Option A with additional capacity for programs and services such as special guest performers. Option C: Everything from Option B and C, plus weekend events. Further increase of special events and programming opportunities. 280 L 'jag Y KfiR1 P. U- Or AI jip•i r; Yf ?n V 12irs, -; RIM A A &. Riverside County Library System BRARY SyS75h_,1 BUSINESS SESSION ITEM NO. 4 CONSIDERED AS BUSINESS SESSION ITEM NO. 5 City of La Quinta CITY COUNCIL MEETING: ,tune 4, 2024 STAFF REPORT AGENDA TITLE: APPROVE THIRD ROUND COMMUNITY SERVICES GRANTS FOR FISCAL YEAR 2023/24 RECOMMENDATION Approve third round Community Services Grants for fiscal year 2023/24. EXECUTIVE SUMMARY • Council considers Community Services Grants (Grants) and Economic Development/Marketing funding requests three times per fiscal year. • Eleven grant applications were received and reviewed by the Community Services Grant Ad Hoc Committee (Committee). FISCAL IMPAC-I Council awarded a total of $36,450 during the first ($25,450) and second ($11,000) rounds of Grants leaving a balance of $63,550 (Account No. 101-3001-60510, Grants & Economic Development/Marketing). Eleven organizations submitted a total of $46,000 in grant requests for this round of Grants. The Committee recommends funding all $46,000 of these requests. BACKGROUND/ANALYSIS Grants are awarded to 501(c)3 non-profit groups and organizations that benefit La Quinta residents and strengthen the business community. Grants are limited to $5,000 per request and consecutive fiscal year funding is not allowed (Attachment 1). The Starter Grant category is for organizations applying for the first time and/or have a first-time program. This allows applicants up to $500 of funding and eligibility to apply again the next fiscal year. The Committee, comprised of Mayor Evans and Councilmember Sanchez, reviewed all applications, and recommended the following: 283 Applicant Requested Committee Recommendation Coachella Valley Housing Coalition (CVHC) $5,000 $5,000 Desert Arc $5,000 $5,000 Do The Right Thing (DTRT)* $500 $500 Family YMCA of the Desert $5,000 $5,000 First Tee Coachella Valley $5,000 $5,000 Girls on the Run Riverside County $5,000 $5,000 Habitat For Humanity Coachella Valley (HFHCV) $5,000 $5,000 La Quinta High School Wrestling Boosters $5,000 $5,000 PS Test Inc.* $500 $500 Variety The Childrens Charity of the Desert $5,000 $5,000 Warrior One Camp $5,000 $5,000 Total $46,000 $46,000 *Starter Grant Attachment 2 presents all submitted grant requests. All Applications are available for review in the Community Services Department. ALTERNATIVES Prepared by: Michael Calderon, Community Services Management Analyst Approved by: Christina Calderon, Community Services Deputy Director Attachments: 1. Community Services Grant Guidelines 2. Recommended Grant Request Summaries 284 ATTACHMENT 1 The City of La Quinta offers a grant program for community services support. • Community Services Grants go to recognized nonprofit organizations that benefit the residents of La Quinta. • Grants are considered and funded up to three times per year (rounds). • All three rounds are held within the city's fiscal year (July 1—June 30). • Organizations that have been funded are ineligible for funding for the next fiscal year. • All funding requests are limited to an amount not to exceed $5,000. Q: How much money is available? A: Requests are limited to an amount not to exceed $5,000. Any funding amount requested could be adjusted to a lesser amount at the discretion and approval of the City Council. Q: Who can apply for this grant? A: Applications are accepted from recognized nonprofit organizations that directly benefit La Quinta residents. Second consideration is given to nonprofit organizations that indirectly affect the quality of life for the residents of La Quinta. Q: Can an individual apply for this grant? A: No, individuals are not eligible for funding through the City of La Quinta grant program. Q: What if my organization is applying for a grant for the first time? A: Organizations applying to the Community Services Grant program for the first time are eligible for a 'Starter Grant". The "Starter Grant" allows first time applicants grant funding up to $500 if they demonstrate their commitment to provide services to the La Quinta community. If an organization is selected to receive the 'Starter Grant" they would then be eligible to apply to the program again the next fiscal year. Q: Can my organization request "seed" money for a start-up? A: Yes, organizations can request "seed" money, however they are required to obtain matching funds from other sources in the some fiscal year before the grant funds will be released. Q: Is my organization eligible if we received Community Development Block Grant (CDBG) funds? A: No, organizations that receive CDBG funds from the City of La Quinta during the same fiscal year are not eligible for funding. Q: Is my organization eligible if we received Community Services Grant (CSG) funds in the past? A: Yes, and No. Organizations that were funded before June 30, 2022 are now eligible to apply. Organizations that were funded What you need to do: 1. Determine eligibility based on the information provided above. If eligible, proceed to step 2. 2. Review the grants calendar for submission dates (in E). If within due date, proceed to step 3. 3. Fill out the grant application. Once completed proceed to step 4. 4. Submit application via email to ccalderon@lag uintaca.gov, or in person to the Wellness Center. a. The Wellness Center is located at 78450 Avenida La Fonda, La Quinta, CA 92253. The next steps: 5. Applications are received and reviewed by staff to ensure eligibility and completeness. 6. Completed grant applications will be reviewed by a designated Grant Review Committee (in ME). a. The committee's review includes consideration of the funding amount, the intended use of the funds, and the organizations service to the community. If the committee approves the application, they will then recommend for approval to the City Council. 7. Committee approved applications are submitted to the City Council for consideration and approval (in M) 8. If approved, funds will be dispersed to grantee (in white) and can be spent over a 12-month period. 9. Funding expenditures will need to be reported to the city at 6 months and a full reconciliation form with supporting documentation will be due before the end of the 12-month period. For more information on the City of La Quinta Grant program, please contact the Community Resources Department at the Wellness Center 760.564-0096 or at 760.777.7183 285 The City of La Quinta offers a grant program for marketing and event sponsorship. • Marketing/Sponsorship Grants go to nonprofit organizations that would benefit the City of La Quinta in a marketing capacity. • Economic Development Grants go to organizations that will help strengthen the business community in La Quinta. • Grants are considered and funded up to three times per year (rounds). • Organizations that have been funded are ineligible for funding for the next fiscal year. • All three rounds are held within the city's fiscal year (July 1- June 30). • All funding requests must include a detailed marketing/media plan to be considered. Q: How much money is available? A: Requests are limited to an amount not to exceed $5,000. A second tier is available for Economic Development/Marketing requests above $5,000 (submission of a detailed marketing/media plan is required). For Economic Development/Marketing requests above $5,000, an in depth review will be conducted by the La Quinta Marketing Committee. Any funding amount requested could be adjusted to a lesser amount at the discretion and approval of the City Council. Q: Who can apply for this grant? A: Applications are accepted from recognized organizations that would benefit the City of La Quinta in a marketing capacity. Second consideration is given to organizations that indirectly affect the quality of life for the residents of La Quinta. Q: Can an individual apply for this grant? A: No, individuals are not eligible for funding through the City of La Quinta grant program. Q: Can my organization request "seed" money for a start-up? A: Yes, organizations can request "seed" money,• however, they are required to obtain matching funds from other sources in the some fiscal year before the grant funds will be released. Q: Is my organization eligible if we received Community Development Block Grant (CDBG) funds? A: No, organizations that receive CDBG funds from the City of La Quinta during the same fiscal year are not eligible for funding. Q: Is my organization eligible if we received Community Services Grant (CSG) funds in the past? A: Yes, and No. Organizations that were funded before June 30, 2022 are now eligible to apply. Organizations that were funded after July 1, 2022 are ineligible for funding and must wait until July 1, 2024 to re -apply. What you need to do: 1. Determine eligibility based on the information provided above. If eligible, proceed to step 2. 2. Review the grants calendar for submission dates (in Z). If within due date, proceed to step 3. 3. Fill out the grant application. Once completed proceed to step 4. 4. Submit application via email to ccalderon@laquintaca.gov, or in person to the Wellness Center. a. The Wellness Center is located at 78450 Avenida La Fonda, La Quinta, CA 92253. The next steps: 5. Applications are received and reviewed by staff to ensure eligibility and completeness. 6. Completed grant applications will be reviewed by a designated Grant Review Committee (in a. The committee's review includes consideration of the funding amount, the included marketing/media plans, and the amount of impressions and visitors the event would bring to the city. If the committee approves the application, they will then recommend approval to the City Council. 7. Committee approved applications are submitted to the City Council for consideration and approval (in ) 8. If approved, funds will be dispersed to grantee (in white) and can be spent over a 12-month period. 9. Funding expenditures will need to be reported to the city at 6 months and a full reconciliation form with supporting documentation will be due before the end of the 12-month period. For more information on the City of La Quinta Grant program, please contact the Community Resources Department at the Wellness Center 760.564.0096 or at 760.777.7183 286 ATTACHMENT 2 Recommended Grant Reauests: 1. Coachella Valley Housing Coalition (CVHC) is requesting $5,000 in funding to be used to update the computer center at Wolff Waters Place Apartments by purchasing ten (10) all -in -one computers and new software, two (2) printers, and ten (10) desk chairs. Residents (660) will be able to have access to the computer center to apply for job opportunities, complete registration and medical forms online, and students can complete school assignments. Computer Center will be available Monday — Friday 8:00 a.m. to 4:30 p.m. This organization was last funded a $500 Starter Grant in FY 2021/22. The Grant Review Committee recommends funding $5,000. 2. Desert Arc is requesting $5,000 in funding to be used to purchase two (2) walk -behind mowers and two (2) weed eaters to build up the inventory for the growing demand of Desert Arc's Landscape Maintenance services. Currently seven (7) crews service a total of thirty-five (35) commercial locations and continues to grow. Their crew consists of 20 clients (adults with IDD) and 15 job coaches/staff members. The growth of the Landscape Maintenance division will provide more employment opportunities for adults with intellectual and developmental disabilities. Desert Arc's Business Services currently works with 27 commercial customers and over 100 one-time customers in La Quinta. This organization was last funded $5,000 in FY 2021/22. The Grant Review Committee recommends funding $5,000. 3. Do The Right Thing (DTRT) — Greater Palm Springs is requesting a Starter Grant for $500 in funding to be used to purchase DTRT t-shirts for nominees, prizes for monthly winners, and for the Scholarship/ Student Assistance (SSA) Project. The SSA provides opportunities for school counselors to identify/ nominate graduating seniors in need of financial assistance for college, trade school, or on-the-job training. Also, it provides funds for students at any grade level with special financial needs including food assistance, physical and mental health resources, enrichment activities, and academic support, as identified by school counselors to the committee. Do The Right Thing — Greater Palm Springs is a first-time applicant to the Community Services Grant program. The Grant Review Committee recommends funding a $500 Starter Grant. 4. Family YMCA of the Desert is requesting $5,000 in funding to support the transportation costs (fuel for vans and certified drivers) for the after -school program at Adams Elementary. Vans transport approximately 50 children (45 children live in the La Quinta area) from Franklin Elementary School to Adams Early Childhood Learning Center daily. The program operates Monday -Friday from August to June. This organization was last funded $5,000 in FY 2021/22. The Grant Review Committee recommends funding $5,000. 287 5. First Tee Coachella Valley is requesting $5,000 in funding to be used towards golf programs for financial aid opportunities (registration fee waivers) and for ongoing school support (includes equipment replacement and/or training for school personnel) for Franklin Elementary and Truman Elementary. This organization was last funded $5,000 in FY 2021/22. The Grant Review Committee recommends funding $5,000. 6. Girls On the Run Riverside County is requesting $5,000 in funding to be used towards supporting and expanding their program in La Quinta. Program costs that need to be covered are personnel (recruitment, training, ongoing site support), expenses (curriculum, supplies, licensing, marketing platforms, insurance), and 5K costs (permits, rentals fees, supplies, medals). Currently four La Quinta schools (Truman Elementary, Franklin Elementary, Horizon School and La Quinta Middle School) are seeking programming for the fall. Girls On the Run Riverside County is a first-time applicant to the Community Services Grant program. The Grant Review Committee recommends funding $5,000. 7. Habitat for Humanity Coachella Valley (HFHCV) is requesting $5,000 in funding to be used for their Housing Insecurity Prevention Program and will support La Quinta residents. This program provides safety hazard and property damage repairs, HVAC, roofing, and plumbing repairs, donates household needs, and provides wellness checks and connection to vital services. This organization was last funded $5,000 in 2020/21. The Grant Review Committee recommends funding $5,000. 8. La Quinta High School Wrestling Boosters is requesting $5,000 in funding to purchase uniforms (singlets, t-shirts, shorts, sweatsuits, and jacket with LQ representation), equipment (matching headgear/protection and backpacks to hold gear), assist with tournament registration fees, food, lodging, and pop-up tent for coverage when outside. La Quinta High School Wrestling Boosters is a first-time applicant to the Community Services Grant Program. The Grant Review Committee recommends funding $5,000. 9. PS Test Inc. is requesting a Starter Grant for $500 in funding to provide Coachella Valley residents with free STI and HIV testing and treatment. Most medical providers, health service organizations, and public health clinics charge co -payments for primary care visits and lab testing (estimated costs can be $5-$100 per visit). This organization absorbs the co -payments and fees for primary care visits and lab testing, including for patients without insurance. PS Test Inc. is a first-time applicant to the Community Services Grant program. The Grant Review Committee recommends funding a $500 Starter Grant. 288 10. Variety The Childrens Charity of the Desert is requesting $5,000 in funding to support 4-core programs that provide mobility equipment, access to developmental screenings, case management, resources and referrals, and socially inclusive activities and experiences to support children with special needs and their families. This organization partners with Old Town Artisan Studios to provide monthly classes so children have access to creative art spaces, instructors, and the opportunity of inclusion. This organization was last funded $5,000 in 2021/22. The Grant Review Committee recommends funding $5,000. 11. Warrior One Camp is requesting $5,000 in funding to purchase a mobile gym trailer to provide affordable fitness and sports training services to local athletes at various local parks. This mobile gym will serve to promote health and wellness in various communities by offering specialized training programs that are tailored to the needs of participants. This organization was last funded $5,000 in 2020/21. The Grant Review Committee recommends funding $5,000. 289 290 BUSINESS SESSION ITEM NO. 5 CONSIDERED AS BUSINESS SESSION ITEM NO. 6 City of La Quinta CITY COUNCIL MEETING: ,tune 4, 2024 STAFF REPORT AGENDA TITLE- APPROVE SILVERROCK RESORT 2024/25 ANNUAL PLAN AND APPROVE AMENDMENT NO. 7 TO THE GOLF COURSE MANAGEMENT AGREEMENT WITH LANDMARK GOLF MANAGEMENT, LLC RECOMMENDATION A. Approve the SilverRock Resort 2024/25 Annual Plan. B. Approve Amendment No. 7 to the Golf Course Management Agreement with Landmark Golf Management, LLC.; and authorize the City Manager to execute the amendment. EXECUTIVE SUMMARY • 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. • The SilverRock 2024/25 Annual Plan (Plan) (Attachment 1) reflects the projected number of rounds, revenues, and operation costs. • The golf operations are projected to have a net loss of $230,000 due to several factors including increased operational expenses, re -allocation of resident card sales revenue and continued on -site construction. • Landmark has requested an increase to the advance amount due to inflationary impacts to golf course operating expenses. FISCAL iivirAL, i The General Fund is projected to underwrite $500,000 of the overall 2024/25 SilverRock expenses. The projected golf operations expenses (not including City staff oversight costs) are $5,476,252 and projected golf operations revenue is $5,248,776 for a net loss of $227,476. The City will also fund $310,000 for golf course and non -golf course management/oversight by City staff and will recognize $150,000 in resident card revenue, which is not currently listed in the Plan. All revenue and expenses will be included in the proposed 2024/25 City Budget. 291 SilverRock Golf Course Operations Revenue $5,248,776 Operations Budget -$5,476,252 Net Revenue $227,476 SilverRock PropertyMana ement/Oversi ht General Fund Advance 500,000 City Management/Oversight -310,000 Resident Card Revenue 150,000 Golf Course Net Revenue -227,476 Final Surplus/(Deficit) 112,524 The additional $50,000 advance will be a one-time transfer to the golf operations bank account to be utilized to pay normal operating expenses of the golf course. BACKGROUND/ANALYSIS In July 2013, the City entered into a Golf Course Management Agreement (Agreement) with Landmark. The Agreement requires an annual plan for golf operations. The Plan provides projected annual revenues and expenses, department costs, staffing and service levels. In 2023, Council approved Amendment No. 6 to the Agreement, extending the term through June 30, 2026. The Plan forecasts continuing the food service from the Ahmanson House and continuing the pro -shop from the temporary club house until the permanent club house opens. Additional assumptions include: 44,545 rounds of play; the average projected revenue is $108.53 per round, based on the total revenue (less food and beverage) divided by the total rounds. The average green fee is $98.93. The difference between revenue per round and the average green fee is the additional revenue generated from merchandise sales, and revenue from the driving range, including lessons. Revenue from the food and beverage operations is not included. • Minimum wage is proposed to increase $2.00 to $18 per hour on January 1, 2025. • Continuing the 2% annual contribution reserve as contained in Amendment No. the capital reserve is $625,000. of approximately $88,000 to the capital 2 to the Agreement. The current balance of • Increasing the annual management fee by 5% pursuant to Amendment No. 6. • Removing golf cart lease costs due to purchase of a new golf cart fleet in January 2024. 292 The proposed advertising budget is $113,787 and is included in the Marketing Department expenses ($171,186) on page 20 of the Plan. SilverRock will continue to be promoted as a premier golf destination, especially during hotel construction, via the internet, newspapers, magazines, directories, television, and radio. The golf course bank account operating amount was set back in 2013 at $250,000. This account is used to pay the normal operating expenses of the golf course by the Management Company and is replenished twice monthly upon submittal of an invoice with all corresponding documentation. Due to inflationary pressures on operational expenses, Management has requested that the advance fund be increased to $300,000 in order to be able to pay vendors in a timely manner. If this increase is approved, the proposed Amendment No. 7 (Attachment 2) will be executed to amend Section 5.1 of the Agreement to reflect this change. ALTERNATIVES Council may direct staff to make modifications to the Annual Plan. Prepared by: Bryan McKinney, P.E., Public Works Director/City Engineer Approved by: Jon McMillen, City Manager Attachments: 1. SilverRock Resort 2024/25 Annual Plan 2. Amendment No. 7 to Agreement with Landmark Golf Management 293 ATTACHMENT 1 LVEPP\OCK 0 R E S O R T SilverRock Resort -Arnold Palmer Classic Course 2024-2025 ANNUAL PLAN Prepared For: City of La Quinta SilverRock Resort Prepared BT. Landmark Golf Management Submitted: May 17, 2024 294 SILVERROCK RESORT Annual Plan Fiscal Year 2024-2025 Table of Contents Part I -Project Overview Project Fact Sheet 1 Mission Statement 2 Philosophy Statement 3 Organizational Chart 4 Key Employee Staffing 5 Part II -Assumptions 2024-2025 Assumptions 6, 7, 8, 9 Part III -Operational Financial Projections 2024-2025 Consolidated Income Statement 10 Part IV -Department Detail Golf Rounds and Revenue 1 1 Golf Shop / Merchandise 12 Carts, Bagroom & Range 13 Course Services 14 Golf Course Maintenance 15, 16 General & Administrative 17 Marketing 18 Clubhouse 19 Miscellaneous 20 Part V-Food and Beverage Department Detail 21 Part VI -Other Marketing Narrative Plan 22,23 295 SILVERROCK" RESRT PROJECT FACT SHEET COURSE NAME SilverRock Resort -Arnold Palmer Classic Course ADDRESS 79-179 Ahmanson Lane, La Quinta, Ca. 92253 TELEPHONE 1-888-600-7272 1-760-777-8884 WEBSITE WWW.SILVERROCK.ORG MANAGEMENT COURSE YARDAGE GRASS TYPES OWNER MANAGED BY DATE COURSE OPENED Randy Duncan, PGA, Director of Golf / General Manager Chris Hoyer, Golf Course Superintendent SILVER 7,239 PAR 72 GOLD 6,809 PAR 72 BLUE 6,313 PAR 72 WHITE 5,669 PAR 72 GREEN 5,089 PAR 72 RED 4,542 PAR 72 GREENS: FAIRWAY / TEES: ROUGHS: CITY OF LA QUINTA TIF DWARF TIF SPORT / 419 TIF SPORT / 419 LANDMARK GOLF MANAGEMENT, LLC 74-947 HIGHWAY 111, SUITE 215 INDIAN WELLS, CA 92210 PHONE: (760) 776-6688 February 14, 2005 5/17/2024 1 296 SILVERROCK RESORT Annual Plan Fiscal Year 2024-2025 Mission Statement "TO BE THE BEST" "TO HAVE THE BEST GOLF FACILITIES" "TO HAVE THE BEST GOLF COURSE CONDITIONS" "TO PROVIDE THE BEST SERVICE" SilverRock Resort is dedicated to providing the finest public golf experience. All Staff Members of the facility play an important role in our Mission. Staff is supported through training and resources to ensure success. SilverRock Resort aspires to represent ownership and management with the highest standard of service in the Golf/Resort Industry and produce superior golf course conditions to meet and exceed the goals. Goals and Objectives: To support our Mission Statement and to achieve the projected Annual Plan; SilverRock Resort will pursue the following goals and objectives: • To hire and train staff members that will provide a high standard of guest services and maintain the highest level of course conditions • To maintain and pursue an aggressive Marketing Plan that benefits/acknowledges the La Quinta Residents, local residents, avid tourist golfers and golfing public • To have each Department operate within their annual budget allowing SilverRock Resort to reach the net operating goals 5/17/2024 2 297 SILVERROCK RESORT Annual Plan Fiscal Year 2024-2025 PHILOSOPHY STATEMENT After nineteen and a half years of operations, an Annual Plan accommodated the operational start-up through and including grow -in, final construction of the Arnold Palmer Classic Course, a notable Grand Opening Celebration and four successful years as one of the home courses of the Bob Hope Classic. As the 2024-2025 Annual Plan is implemented, SilverRock will embark on its 20t" year of operations. Focus will continue to be on broadening the awareness, marketability and noteworthiness of SilverRock Resort's Arnold Palmer Classic Course, golf facilities and amenities. The philosophy that Landmark Golf Management perpetuates at SilverRock Resort is: an operation that allows management to utilize golf industry best -practices in accommodating market -driven demands as market shifts may occur. Each golf course facility has its own personality and characteristics; therefore, each golf operation is unique to some degree and should be managed with personality and characteristics taken into consideration. Golf operators that adjust procedures to short and long term market and industry fluctuations are better suited to maximize opportunities. In this upcoming twelve months of operations, Landmark Golf Management will put forth every effort to best position SilverRock Resort as a place to frequent in the eyes and minds of the influential decision makers in the world of golf. BRAND PROMISE Discover the mystique of SilverRock Resort, the crown jewel of La Quinta and its golf legacy. Rich in both history and legend, the majestic Santa Rosa Mountains frame an unwavering commitment to an exceptional experience at SilverRock Resort. Our Promise: Exceptional in All, For All, Always. 5/17/2024 3 298 Annual Plan 2024-2025 SRR.xls City of La Quinta City Council & Staff City Manager Landmark Golf Management Management Team SilverRock - Randy Duncan General Mgr. / Director of Golf Golf Shop Golf Course Maintenance Accounting Head Golf Professional Superintendent Controller / Human Resources Asst. Golf Professionals Asst. Superintendent Admin. Asst. To Controller & GM Golf Shop Buyer Mechanic(s) Sales Associates Irrigation Technician Guest / Outside Service Spray Technician Outside Services Manager Greenskeeper(s) Carts/Bag Room ShuttleNalet Starters/Rangers Driving Range Administrative Asst. Food & Beverage F&B Manager Restaurant F&B Server(s) / Cart Attendent(s) Marketing & Sales Tournament Sales Manager 5/17/2024 4 299 Key Employee Staffing RUN DATE: 17-May.24 EREEAREDaY: Landmark Golf Management 2024-2025 ANNUAL PLAN DEPARTMENT SUMMARY JUL. AUG. SEP. OCT. NOV. DEC. JAN. FEB. MAR. APR. MAY JUN. GOLF OPERATION OUTSIDE SERVICES OUTSIDE SERVICES MANAGER (FULL TIME; 1 1 1 1 1 1 1 1 1 1 1 1 OUTSIDE SERVICES SUPERVISORS (FULL-- 1 1 1 1 1 1 1 1 1 1 1 1 DRIVING RANGE (PART-TIME) 1 1 1 1 1 1 2 2 2 2 1 1 CART/BAG/VALET/BAG DROP (FULL-TIME) 1 1 1 1 1 1 1 1 1 1 1 1 CART/BAG/VALET/BAG DROP (PART-TIME) 3 3 4 6 9 9 9 9 9 9 8 4 SHUTTLE DRIVER (PART-TIME) 1 1 1 1 2 2 2 2 2 2 0 0 GOLF SHOP HEAD GOLF PROFESSIONAL (FULL TIME) 1 1 1 1 1 1 1 1 1 1 1 1 1ST ASSISTANT PROFESSIONAL (FULLTIM 0 0 0 0 0 0 0 0 0 0 0 0 MERCHANDISER (FULLTIME) 1 1 1 1 1 1 1 1 1 1 1 1 ASSISTANT PROFESSIONAL (FULL TIME) 1 1 1 1 1 1 1 1 1 1 1 1 SALES CLERKS (FULL TIME) 0 0 0 0 1 1 1 1 1 1 0 0 SALES CLERKS (PART TIME) 2 2 3 4 4 4 4 4 4 4 4 2 5 5 6 7 8 8 8 8 8 8 7 5 COURSE SERVICES STARTERS (PART TIME) 3 3 3 3 5 5 5 5 5 5 5 3 RANGER/MARSHALS(PART TIME) 1 1 1 1 5 5 5 5 5 5 4 3 4 4 4 4 10 10 10 10 10 10 9 6 GOLF COURSE MAINTENANCE SUPERINTENDENT (FULLTIME) ASST SUPERINTENDENT (FULLTIME) FOREMAN/SPRAY TECHNICIAN (FULLTIME HEAD MECHANIC / FACILITY MANAGER (FL ASST MECHANIC (FULL TIME) HEAD IRRIGATOR (FULL TIME) ASST IRRIGATOR (FULLTIME) GREENKEEPERS (FULL TIME) GRENSKEEPERS (PARTTIME) TOTAL COURSE MAINTENANCE STAFF FOOD & BEVERAGE F& B MANAGER / SUPERVISOR (FULL TIME 0 0 0 0 0 0 0 0 0 0 0 0 CHEF (FULLTIME) 1 1 1 1 1 1 1 1 1 1 1 1 COOK (FULL TIME) 1 1 1 1 1 2 2 2 2 2 1 1 PREP COOK (PART TIME) 0 0 0 1 2 2 3 3 3 3 2 0 LEAD SERVER (FULL-TIME) 1 1 1 1 1 1 1 1 1 1 1 1 F& B WAIT/BEVERAGE CART/HALF(FULL TI 1 1 1 1 1 1 1 1 1 1 1 1 F& B WAIT/BEVERAGE CARTMALF(PART TI 2 2 2 1 3 4 4 4 4 3 2 1 BUSER/ DISHWASHER (PART TIME) 0 0 1 0 1 1 1 1 1 1 1 0 6 6 7 6 10 12 13 13 13 12 9 5 G&A DIRECTOR OF GOLF/GM (FULL TIME) 1 1 1 1 1 1 1 1 1 1 1 1 CLUB CONTROLLER (FULL TIME) 1 1 1 1 1 1 1 1 1 1 1 1 ADMINISTRATIVE ASSISTANT (FULLTIME) 1 1 1 1 1 1 1 1 1 1 1 1 CONSULTANT TO CONTROLLER 0 0 0 0 0 0 0 0 0 0 0 0 3 3 3 3 3 3 3 3 3 3 3 3 MARKET/NGITOURNAMENT TOURNAMENT SALES / GROUP COORDINAI 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 TOTAL EMPLOYEES 45 45 48 51 66 68 70 70 70 69 60 46 5/17/2024 5 300 SILVERROCK RESORT 2024-2025 ANNUAL PLAN 2024-2025 Assumptions Revenue Operations It is assumed all construction of hotel/commercial components will be paused during the fiscal year 2024-2025. This will again have a negative impact on golf course operations during the summer of 2024 and into the entire season of 2024-2025. It is also assumed, maximum revenue is not achievable given the current state of construction; unsightly construction fences, temporary dirt cart paths, construction noises/dust, temporary facilities, construction trash that consistently spill over to the course, reduced practice facilities, etc. In addition, access to the Ahmanson Ranch House and parking will continue to be limited which will result in a reduction in Food & Beverage Sales for the 2024-2025 fiscal year. However, all efforts will be made to make the experience the best it can possibly be, despite the current state of construction challenges at SilverRock. It is assumed the Permanent Clubhouse will not open during the 2024-2025 Fiscal Year. It is also assumed that Golf Operations will continue to operate out of a Temporary Clubhouse (Double Wide Trailers) located in the "dog bone" area adjacent to hole #2 tee boxes until a Permanent Clubhouse opens. The SilverRock Grill will remain open at the existing Ahmanson Clubhouse in its current location until the Permanent Clubhouse opens. Lastly, it is assumed, the golf course will remain "SilverRock Resort", the rebranding to "Talus Golf Club" may occur at a future date but not projected in the 2024-2025 Fiscal Year. New Turf Grass Trial This summer, a new turf grass trial will be introduced on the 5t" hole. The plan is to eliminate the existing turf (TifSport) on hole #5 and replant with various new varieties of Bermuda grass that have proven to transition quicker and possibly may not have to be overseeded in the desert. Hole #5 will be out of play from July through August 2024. To accommodate the closure of hole #5, hole #7, an existing par 5, will be split into two (2) holes making the course still have 18 holes. Golf & Merchandise • July -August, the last tee time will be 12:00 p.m. with the Golf Shop being open 6:00 a.m. to 2:00 p.m. daily. • Reduced traffic (due to ongoing construction) in Golf Shop will have a negative impact on merchandise sales from July through October 2024. 5/17/2024 6 301 SILVERROCK RESORT 2024-2025 ANNUAL PLAN Food & Beverage • The Ahmanson Ranch House and the Grill at SilverRock will continue to operate with reduced access and hours of operation during the summer of 2024, from July 1, 2024 through September 2024. Green Fees: A green fee includes golf cart and warm-up range balls. A combination of the various green fee rates and green fee mix of Regular, Twilight, and Resident play is anticipated to yield an average rate of $98.93 per round based on 44,545 annual paid rounds. The non-resident green fee rates for the 2024-2025 fiscal year are projected to increase approximately 3% but may vary depending upon market conditions. Green fee rates will continue to be based on market conditions, dynamic pricing and course utilization levels. La Quinta Resident rates will remain the same as the prior year; $60 (high season), $49 (shoulder seasons) and $35 (summer season). Accompanied La Quinta Resident Guests will continue to received 30% off prevailing posted rates (not including twilight or any discounted rates) and will follow similar booking procedures as extended to a La Quinta Resident Card Holder; booking three (3) days in advance. It is assumed the overseeding dates will be September 30 - October 31, 2024. Annual overseeding reduces revenues during these dates which is taken into consideration in these projections with the course being closed these dates. For fiscal year 2024-2025, it is also projected that aerification will occur in August 2024 and June of 2025 which reduces revenue for 5-7 days with each of these two (2) aerification cycles. Greens Fee Mix: Through proper marketing, yield management, and limited advanced Resident bookings the projected mix of green fees is: 33% Resident, 25% Public, 10% Public Twilight, & 32% Other (tournaments, wholesalers, juniors, resident guests, replays and discounts). Miscellaneous and Other Revenue: Is based on $4.04 per round. This consists of golf club rentals, golf club repairs, handicap fees, driving range fees, rider fees, and Independent Contractor's Fees (Teaching Professionals). Golf Shop Merchandise: Is based on retail sales of $5.56 per round. Resident Card Fees: All resident card distribution and renewals will be issued out of the Wellness Center for 2024-2025 Annual Plan. As a result, Annual Revenues of approximately $165,000 will be omitted from SilverRock's revenue projections. 5/17/2024 7 302 SILVERROCK RESORT 2024-2025 ANNUAL PLAN Cost of Goods Sold Merchandise 55 Food & Beverage 33 % Expenses Mandated California Minimum Wage Increase: It is assumed, a new minimum wage increase to $18 per hour will be implemented on January 1, 2025. This $2 per/hour increase will have a significant impact on labor costs across all departments including, Outside Services, Golf Shop, Course Maintenance and Food & Beverage affecting approximately 40+ employees. For the 2024- 2025 Annual Plan, this mandated increase will be used to calculate new increased wages effective January 1, 2025. Golf Carts, Bag Room, and Driving Range: Includes outside service, bag room, and driving range staff plus supplies and operating expense for this department. Additional shuttle shifts will remain in this year's Annual Plan to shuttle customers down and back from the restaurant, driving range and practice area. This is a result of the location of the temporary golf clubhouse and the existing restaurant at the Ahmanson Ranch House. Golf Shop: Includes golf professionals, merchandising sales staff, receiving staff and golf shop operational expenses. Course Services: Includes course service staff consisting of course rangers/starters and related department supplies and materials. Golf Course Maintenance: Includes compensation and payroll related costs for the Golf Course Maintenance Superintendent, grounds maintenance staff, supplies, and materials. Overseeding dates are projected to be September 30-October 31, 2024, which results in projected higher labor cost and supply costs during the annual overseeding process. Golf Course Superintendent Education, training and travel expense are included in the 2024-2025 Annual Plan. Water & Electrical: The 2024-2025 Annual Plan includes water and electrical costs to irrigate the golf course & properly maintain the lake system. This is accounted for in the Golf Course Maintenance budget. Projected Annual Electric costs of $236,340 will cover 100% of the facilities electric costs including, front entry waterfall, water well pump, golf course pump station, north village lake waterfalls & 5/17/2024 8 303 SILVERROCK RESORT 2024-2025 ANNUAL PLAN circulation pumps, cart storage area and both clubhouses. These expenses will continue to be budgeted in the 2024-2025 Annual Plan as water and electrical costs. Food & Beverage: Includes food & beverage staff and expenses for the temporary clubhouse. There is a separate Agreement for the Food & Beverage Department including the Liquor License arraneement between the Citv and Landmark Golf Manaeement. Marketing: Includes marketing, public relations, advertising, web page, collateral and tournament sales, etc. Refer to pages 22 & 23, for the Marketing Plan Narrative. Clubhouse: Clubhouse expenses, maintenance/cleaning staff, landscape maintenance, parking lot and entry drive clean up. Roving patrol expenses to secure the entire property of SilverRock continues to be included in this department's operating budget. Management Fee: For the 2024-2025 Annual Plan and per the Golf Course Management Agreement, Landmark's Management Fee will be increased 5% to $11,436 per month. Insurance: Per requirements of the Golf Course Management Agreement in the Annual Plan is the cost for comprehensive golf club insurance policy, general liability and equipment. Property and business interruption insurance has been removed from Landmarks insurance coverage. G&A: Expenses include General Manager, Controller & Administrative Assistant Salaries, Professional Fees, Payroll Processing Fees, Equipment Expenses and Equipment Rental. Personal Property Lease Tax: Exempt, except personal property taxes on equipment purchases or leases which are included in this Annual Plan. Capital Reserves: Capital Reserves of 2% of green fees will be allocated in the 2024-2025 Annual Plan upon City of La Quinta Staff direction. Golf Carts Lease: A new golf cart fleet was purchased by City of La Quinta in January 2024. As a result, the operating budget will not reflect golf cart lease payments for the 2024-2025 fiscal year budget. GPS Lease: The new monthly golf cart GPS rental/lease expense for the fleet of golf carts is $5,092 per month. Golf Shop Trailer Lease: Due to the Developer in default and not able to pay the lease for the Golf Shop Trailer and Restrooms, this expense of $5,200 per month will fall onto the Operations Budget. 5/17/2024 9 304 2024-2025 ANNUAL PLAN SilverRock Resort CONSOLIDATED INCOME STATEMENT aon ore. , Mau o.:o FOR FISCAL YEAR - JULY 2024 - JUNE 2025 rnanneoev. �.ecan �km.e DEPARTMENT BUDGET JUL. AUG. SEP. OCT. NOV. DEC. JAN. FEB. MAR. APR. MAY JUN. ROUNDS ROUNDS 44,545 1,900 1,850 2,700 0 5,400 4,700 4,900 5,200 6,100 4,995 4,500 2,300 REVENUE GREEN FEES 4,406,783 95,760 93,240 186,354 0 577,800 453,315 526,505 652,860 759,755 505,244 417,375 138,575 MISC. REV/RANGE/CARTS/RENTALS 179,960 4,150 3,550 4,150 1,150 18,000 22,300 28,350 29,500 30,600 21,645 11,420 5,145 GOLF SHOP MERCHANDISE 247,518 5,510 5,365 9,450 0 29,700 28,200 29,400 36,400 42,700 27,473 22,050 11,270 FOOD & BEVERAGE 774,989 19,000 18,870 34,560 0 94,770 86,010 97,412 101,660 120,780 98,901 75,656 27,370 TOTAL REVENUE 5,609,250 124,420 121,025 234,514 1,150 720,270 589,825 681,667 820,420 953,835 653,263 526,501 182,360 COST OF SALES PRO SHOP 138,536 3,084 3,003 5,289 0 16,623 15,784 16,455 20,373 23,899 15,376 12,341 6,308 FOOD & BEVERAGE 221,939 5,455 5,541 10,213 0 27,440 24,652 27,661 29,039 34,380 27,832 21,551 8,175 TOTAL COST OF SALES 360,474 8,539 8,544 15,502 0 44,063 40,435 44,116 49,412 58,279 43,208 33,892 14,483 GROSS PROFIT 5,248,776 115,881 112,481 219,012 1,150 676,207 549,390 637,551 771,008 895,556 610,054 492,609 167,877 OPERATING EXPENSES GOLF CARTS\BAGS\RANGE 459,670 23,835 23,835 24,956 20,110 57,799 41,159 49,992 49,992 49,617 49,117 39,702 29,558 GOLF SHOP 281,235 14,461 14,461 15,461 12,546 27,174 28,351 32,026 30,511 30,511 29,970 26,755 19,005 COURSE SERVICES 139,295 4,015 4,015 4,565 1,000 15,334 15,509 17,217 17,167 17,167 17,492 15,448 10,365 GOLF COURSE MAINTENANCE 2,075,925 155,646 136,731 157,131 376,878 152,966 156,756 155,487 149,955 153,107 165,112 147,195 168,959 WATER & ELECTRIC COST 333,584 27,130 26,130 27,380 28,180 33,620 25,025 26,920 25,840 26,870 29,840 30,230 26,419 GENERAL & ADMINISTRATIVE 520,777 41,969 42,019 43,219 43,669 43,769 47,069 44,019 43,069 43,069 42,769 42,869 43,269 MARKETING 171,186 5,037 5,037 6,132 17,087 22,457 17,375 22,580 20,225 20,900 13,705 12,450 8,205 CLUBHOUSE 168,276 13,698 13,698 13,698 16,198 13,698 13,698 14,198 13,698 14,198 13,698 13,698 14,098 MANAGEMENT FEE 137,232 11,436 11,436 11,436 11,436 11,436 11,436 11,436 11,436 11,436 11,436 11,436 11,436 CAPITAL RESERVES 88,136 1,915 1,865 3,727 0 11,556 9,066 10,530 13,057 15,195 10,105 8,348 2,772 INSURANCE 55,200 4,600 4,600 4,600 4,600 4,600 4,600 4,600 4,600 4,600 4,600 4,600 4,600 PERSONAL PROPERTY LEASE TAXES 15,000 6,000 0 5,000 4,000 0 0 0 0 0 0 0 0 LEASES 421,264 31,672 31,672 31,672 31,672 36,822 36,822 36,822 36,822 36,822 36,822 36,822 36,822 FOOD & BEVERAGE 609,473 36,263 35,213 38,279 21,996 51,981 60,177 74,192 71,372 72,817 62,299 50,401 34,482 TOTAL OPERATING EXPENSES 5,476,252 377,677 350,712 387,257 589,372 483,212 467,044 500,019 487,744 496,309 486,964 439,953 409,990 NET INCOME (227,477) (261,796) (238,231) (168,245) (588,222) 192,995 82,346 137,532 283,264 399,247 123,090 52,656 (242,113) NET INCOME % -4.1% -210.49/6 -196.8% -71.7% -51149.8% 26.8% 14.0% 20.2% 34.5% 41.9% 18.8% 10.0% -132.8/ Average Green Fee $98.93 $50.40 $50.40 $69.02 #DIV/0! $107.00 $96.45 $107.45 $125.55 $124.55 $101.15 $92.75 $60.25 Average $ Misc. Income per Rd $4.04 $2.18 $1.92 $1.54 #DIV/0! $3.33 $4.74 $5.79 $5.67 $5.02 $4.33 $2.54 $2.24 Average $ Merchandise per Rd $5.56 $2.90 $2.90 $3.50 #DIV/0! $5.50 $6.00 $6.00 $7.00 $7.00 $5.50 $4.90 $4.90 Total Average Revenue per Round $108.53 $65.48 F $65.42 $86.86 #DIV/0! $133.38 $125.49 $139.12 $157.77 $156.37 $130.78 F $117.00 $79.29 5/17/2024 10 305 2024-2025 ANNUAL PLAN SilverRook Resort RUN DATE: 17-May.24 03:20 PM Pro ectione . Jul 2024 to June 2025 PREPARED BY: Laedm,& Golf Maeag,mem Golf Rounds Total JUL. AUG. SEP. IFOCT. I NOV. DEC. JAN. FEB. MAR. APR. MAY JUN. Resident Rnds (Weekday) 7,573 323 315 459 0 918 799 833 884 1037 849 765 391 Resident Rnds (Weekend) 5,791 247 241 351 0 702 611 637 676 793 649 585 299 Sub -Total Resident Rnds 13,364 570 555 810 0 1620 1410 1470 1560 1830 1499 1350 690 of Total 0.30 Public Rnds (Weekday) 8,909 380 370 540 0 1080 940 980 1040 1220 999 900 460 Public Rnds (Weekend) 6,682 285 278 405 0 810 705 735 780 915 749 675 345 Sub -Total Public Rnds 15,591 665 648 945 0 1890 1645 1715 1820 2135 1748 1575 805 of Total 0.35 Public Twi (Weekday) 4,900 209 204 297 0 594 517 539 572 671 549 495 253 Public Twi (Weekend) 4,009 171 167 243 0 486 423 441 468 549 450 405 207 Sub -Total Twilight Rnds 8,909 380 370 540 0 1080 940 980 1040 1220 999 900 460 of Total 0.20 Other (Weekday) 4,009 171 167 243 0 486 423 441 468 549 450 405 207 Other (Weekend) 2,673 114 111 162 0 324 282 294 312 366 300 270 138 Sub -Total Other 6,682 285 648 945 0 1890 1645 1715 1820 2135 1748 1575 805 % of Total 0.15 Total Rounds 44,545 2,700 - 5,400 4,700 4,900 5,200 6,100 , Green Fees Resident Rnds (Weekday) $ 33.00 $ 33.00 $ 40.00 $ 49.00 $ 49.00 $ 49.00 $ 60.00 $ 60.00 $ 60.00 $ 49.00 $ 49.00 $ 49.00 Resident Rnds (Weekend) $ 33.00 $ 33.00 $ 49.00 $ 49.00 $ 49.00 $ 49.00 $ 60.00 $ 60.00 $ 60.00 $ 49.00 $ 49.00 $ 49.00 Public Rnds (Weekday) $ 55.00 $ 55.00 $ 65.00 $ 75.00 $ 140.00 $ 120.00 $ 130.00 $ 165.00 $ 165.00 $ 135.00 $ 125.00 $ 60.00 Public Rnds (Weekend) $ 65.00 $ 65.00 $ 100.00 $ 85.00 $ 150.00 $ 125.00 $ 140.00 $ 175.00 $ 175.00 $ 145.00 $ 135.00 $ 75.00 Public Twi (Weekday) $ 50.00 $ 50.00 $ 65.00 $ 80.00 $ 110.00 $ 105.00 $ 120.00 $ 135.00 $ 130.00 $ 100.00 $ 95.00 $ 65.00 Public Twi (Weekend) $ 60.00 $ 60.00 $ 95.00 $ 80.00 $ 115.00 $ 105.00 $ 125.00 $ 140.00 $ 135.00 $ 110.00 $ 100.00 $ 75.00 Other (Weekday) $ 55.00 $ 55.00 $ 65.00 $ 70.00 $ 125.00 $ 120.00 $ 120.00 $ 135.00 $ 135.00 $ 110.00 $ 85.00 $ 50.00 Other (Weekend) $ 65.00 $ 65.00 $ 105.00 $ 80.00 $ 135.00 $ 120.00 $ 120.00 $ 145.00 $ 145.00 $ 115.00 $ 95.00 $ 65.00 Golf Revenue Resident Rnds (Weekday) 387,023 $ 10,659 $ 10,379 $ 18,360 $ - $ 44,982 $ 39,151 $ 49,980 $ 53,040 $ 62,220 $ 41,608 $ 37,485 $ 19,159 Resident Rnds (Weekend) 299,118 $ 8,151 $ 7,937 $ 17,199 $ - $ 34,398 $ 29,939 $ 38,220 $ 40,560 $ 47,580 $ 31,818 $ 28,665 $ 14,651 Public Rnds (Weekday) 1,115,615 $ 20,900 $ 20,350 $ 35,100 $ - $ 151,200 $ 112,800 $ 127,400 $ 171,600 $ 201,300 $ 134,865 $ 112,500 $ 27,600 Public Rnds (Weekend) 911,854 $ 18,525 $ 18,038 $ 40,500 $ - $ 121,500 $ 88,125 $ 102,900 $ 136,500 $ 160,125 $ 108,641 $ 91,125 $ 25,875 Public Twi (Weekday) 507,100 $ 10,450 $ 10,175 $ 19,305 $ - $ 65,340 $ 54,285 $ 64,680 $ 77,220 $ 87,230 $ 54,945 $ 47,025 $ 16,445 Public Twi (Weekend) 443,876 $ 10,260 $ 9,990 $ 23,085 $ - $ 55,890 $ 44,415 $ 55,125 $ 65,520 $ 74,115 $ 49,451 $ 40,500 $ 15,525 Other (Weekday) 430,308 $ 9,405 $ 9,158 $ 15,795 $ - $ 60,750 $ 50,760 $ 52,920 $ 63,180 $ 74,115 $ 49,451 $ 34,425 $ 10,350 Other (Weekend) 311,891 $ 7,410 $ 7,215 $ 17,010 $ - $ 43,740 $ 33,840 $ 35,280 $ 45,240 $ 53,070 $ 34,466 $ 25,650 $ 8,970 Total Revenue 4,406,783 $ 95,760 $ 93,240 $ 186,354 $ - $ 57800 $ 453,315 $ 526,505 $ 652,860 $ 759,755 $ 505,244 $ 417,375 $ 138,575 Avg. Rate $ 98.93 $ 50.40 $ 50.40 $ 69.02 #DIV/0! $ 107.00 $ 96.45 $ 107.45 $ 125.55 $ 124.55 $ 101.15 $ 92.75 $ 60.25 Misc Revenue Club Rental 42,175 $ 800 $ 750 $ 1,000 $ 3,900 $ 4,500 $ 6,000 $ 7,000 $ 7,500 $ 6,000 $ 3,500 $ 1,225 Driving Range Balls 102,000 $ 1,600 $ 1,500 $ 1,400 $ 10,000 $ 13,000 $ 17,000 $ 18,000 $ 18,500 $ 9,900 $ 7,425 $ 3,675 Rider Fees 22,190 $ 1,000 $ 1,100 $ 1,500 $ - $ 2,500 $ 3,100 $ 3,100 $ 3,100 $ 3,200 $ 2,850 $ 495 $ 245 Handicap Fees 4,595 $ 250 $ 200 $ 250 $ 650 $ 600 $ 700 $ 750 $ 400 $ 400 $ 395 $ - $ - Independent Instructor Fees 6,500 $ - $ - $ - $ - $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,500 $ - $ - Ball Retreival 2,500 $ 500 $ - $ - $ 500 $ - $ - $ 500 $ - $ - $ 1,000 $ - $ - Total 179,960 $ 4,150 $ 3,550 $ 4,150 $ 1,150 $ 18,000 $ 22,300 $ 28,350 $ 29,500 $ 30,600 $ 21,645 $ 11,420 $ 5,145 5/17/2024 11 306 2024-2025 ANNUAL PLAN SilverRock Resort BON DATE: 17-May-24 03:20 PM Projections - July 2024 to June 2025 PREPARED BY: Landmark Golf Management GOLFSHOP-61 TOTAL JUL. AUG. I SEP. OCT. NOV. DEC. JAN. I FEB. I MAR. I APR. MAY JUN. GOLF SHOP MERCHANDISE SALES TOTAL # OF ROUNDS 44,545 1,900 1,850 2,700 0 5,400 4,700 4,900 5,200 6,100 4,995 4,500 2,300 AVERAGE REVENUE / ROUND $5.56 $2.90 $2.90 $3.50 $2.50 $5.50 $6.00 $6.00 $7.00 $7.00 $5.50 $4.90 $4.90 TOTAL MERCHANDISE SALES $247,518 5,510 5,365 9,450 0 29,700 28,200 29,400 36,400 42,700 27,473 22,050 11,270 MERCHANDISE REVENUE Soft Goods Sales 185,638 4,133 4,024 7,088 0 22,275 21,150 22,050 27,300 32,025 20,604 16,538 8,453 Hard Goods Sales 61,879 1,378 1,341 2,363 0 7,425 7,050 7,350 9,100 10,675 6,868 5,513 2,818 TOTAL MERCHANDISE REVENUE 247,518 5,510 5,365 9,450 0 29,700 28,200 29,400 36,400 42,700 27,473 22,050 11,270 COSTOFSALES 55.97% 55.97% 55.9796 55.9796 #DIV/0! 55.97% 55.97% 55.97% 55.9796 55.97% 55.9796 55.97% 55.97% COS - Merchandise (58%) 143,560 3,196 3,112 5,481 0 17,226 16,356 17,052 21,112 24,766 15,934 12,789 6,537 Purchase Disc Taken - (5%) (7,178) (160) (156) (274) 0 (861) (818) (853) (1,056) (1,238) (797) (639) (327) Freight - Merchandise 2,153 48 47 82 0 258 245 256 317 371 239 192 98 TOTAL COST OF SALES 138,536 3,084 3,003 5,289 0 16,623 15,784 16,455 20,373 23,899 15,376 12,341 6,308 GROSS PROFIT 108,982 2,426 2,362 4,161 0 13,077 12,416 12,945 16,027 18,801 12,096 9,709 4,962 SALARIES AND BENEFITS Salaries and Wages 207,300 10,040 10,040 10,890 8,094 20,782 21,782 23,682 23,682 23,682 23,222 17,502 13,902 Payroll Taxes 20,212 979 979 1,062 789 2,026 2,124 2,309 2,309 2,309 2,264 1,706 1,355 Workers' Compensation 16,380 793 793 860 640 1,642 1,721 1,871 1,871 1,871 1,835 1,383 1,098 Health Insurance/Benefits 18,468 1,539 1,539 1,539 1,539 1,539 1,539 1,539 1,539 1,539 1,539 1,539 1,539 TOTAL SALARIES AND BENEFITS 262,360 13,351 13,351 14,351 11,061 25,989 27,166 29,401 29,401 29,401 28,860 22,130 17,895 OTHER EXPENSES Office Supplies 3,000 250 250 250 250 250 250 250 250 250 250 250 250 Dues and Subscriptions 2,300 0 0 0 0 0 0 0 0 0 0 2,300 Freight / Delivery 75 0 0 0 25 25 25 0 0 0 0 0 0 Travel 90 0 0 0 0 0 0 15 15 15 15 15 15 Uniforms 2,400 100 100 100 100 300 200 500 200 200 200 200 200 Telephone 1,320 110 110 110 110 110 110 110 110 110 110 110 110 Seminars/Training 3,690 150 150 150 500 0 100 1,250 35 35 35 1,250 35 Miscellaneous 6,000 500 500 500 500 500 500 500 500 500 500 500 500 TOTAL OTHER EXPENSES 18,875 1,110 1,110 1,110 1,485 1,185 1,185 2,625 1,110 1,110 1,110 4,625 1,110 TOTAL EXPENSES 281,235 14,461 14,461 15,461 12,546 27,174 28,351 32,026 30,511 30,511 29,970 26,755 19,005 Seminars/Training - Reimbursement for eligible golf shop employees (Director of Golf, Head Professional & 1st Assistant Golf Professional) for PGA Training, Education and Travel Expenses Office Supplies are made up of: Golf Cart Rental Agreements, Golf Club Rental Agreements, Gift Certificates & Merchandise Bags Uniforms- Each Full -Time Emp receives (1) shirt per month 5/17/2024 12 307 2024-2025 ANNUAL PLAN SilverRock Resort RUN DATE: 17-May-24 03:20PM Projections - July 2024 to June 2025 PREPARED BY: Landmark Golf Management CARTS, BAGROOM & RANGE - 641 TOTAL JUL. AUG. SEP. OCT. NOV. DEC. JAN. FEB. MAR. APR. MAY JUN. SALARIES AND BENEFITS Salaries and Wages 284,534 13,532 13,532 14,838 8,713 26,960 26,960 34,320 34,320 34,320 34,320 24,960 17,760 Payroll Taxes 35,424 1,685 1,685 1,847 1,085 3,357 3,357 4,273 4,273 4,273 4,273 3,108 2,211 Workers' Compensation 22,483 1,069 1,069 1,172 688 2,130 2,130 2,712 2,712 2,712 2,712 1,972 1,403 Health Insurance/Benefits 16,416 1,026 1,026 1,026 1,026 1,539 1,539 1,539 1,539 1,539 1,539 1,539 1,539 TOTAL SALARIES AND BENEFITS 358,857 17,312 17,312 18,883 11,512 33,986 33,986 42,844 42,844 42,844 42,844 31,579 22,913 SUPPLIES AND MATERIALS Range Expendable Supplies 6,750 600 600 150 150 1,800 150 1,000 1,000 150 150 500 500 Towel Replacement 2,182 120 120 120 120 185 195 250 250 250 250 250 72 Bottled Water 30,000 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 Cart Supplies 1,850 0 0 0 500 500 500 75 75 50 50 50 50 Range Balls 15,000 0 0 0 0 15,000 0 0 0 0 0 0 0 TOTAL SUPPLIES AND MATERIALS 55,782 3,220 3,220 2,770 3,270 19,985 3,345 3,825 3,825 2,950 2,950 3,300 3,122 REPAIRS AND MAINTENANCE Equipment Repair - Golf 3,600 300 300 300 300 300 300 300 300 300 300 300 300 TOTAL REPAIRS AND MAINTENANCE 3,600 300 300 300 300 300 300 300 300 300 300 300 300 OTHER EXPENSES Expendable Supplies 525 25 25 25 50 50 50 50 50 50 50 50 50 Printing / Stationary 420 0 0 0 0 0 0 70 70 70 70 70 70 Cart Maintenance & Repairs 18,036 1,503 1,503 1,503 1,503 1,503 1,503 1,503 1,503 1,503 1,503 1,503 1,503 Freight / Delivery 450 75 75 75 75 75 75 0 0 0 0 0 0 Uniforms 5,200 0 0 0 2,000 500 500 0 0 500 0 1,500 200 Laundry and Linen 9,600 800 800 800 800 800 800 800 800 800 800 800 800 Miscellaneous 7,200 600 600 600 600 600 600 600 600 600 600 600 600 TOTAL OTHER EXPENSES 41,431 3,003 3,003 3,003 5,028 3,528 3,528 3,023 3,023 3,523 3,023 4,523 3,223 TOTAL EXPENSES 459,670 23,835 23,835 24,956 20,110 57,799 41,159 49,992 49,992 49,617 49,117 39,702 29,558 Expendable Supplies are made up of: - Scorecards, Tees, Pencils, Trash Bags, Cups & First Aid Supplies. Uniforms- Each employee receives 4 shirts, 1 hat per season 5/17/2024 13 308 2024-2025 ANNUAL PLAN SllverRock Resort RUN DATE: 17-May-24 03:20 PM Projections - July 2024 to June 2025 PREPARED BY: Landmark Golf Management COURSE SERVICES - 643 TOTAL JUL. I AUG. I SEP. I OCT. I NOV. I DEC. I JAN. I FEB. I MAR. I APR. I MAY I JUN. SALARIES AND BENEFITS Salaries and Wages 115,017 3,264 3,264 3,689 0 12,800 12,800 14,400 14,400 14,400 14,400 12,960 8,640 Payroll Taxes 11,214 318 318 360 0 1,248 1,248 1,404 1,404 1,404 1,404 1,264 842 Workers' Compensation 9,088 258 258 291 0 1,011 1,011 1,138 1,138 1,138 1,138 1,024 683 TOTAL SALARIES AND BENEFITS 135,319 3,840 3,840 4,340 0 15,059 15,059 16,942 16,942 16,942 16,942 15,248 10,165 SUPPLIES AND MATERIALS Expendable Supplies 1,050 50 50 100 100 100 100 100 100 100 100 75 75 TOTAL SUPPLIES AND MATERIALS 1,050 50 50 100 100 100 100 100 100 100 100 75 75 OTHER EXPENSES Uniforms 2,125 75 75 75 800 75 250 75 75 75 400 75 75 Safety Equipment 600 50 50 50 50 50 50 50 50 50 50 50 50 Miscellaneous 200 0 0 0 50 50 50 50 0 0 0 0 0 TOTAL OTHER EXPENSES 2,926 125 125 125 900 175 350 176 125 125 450 125 125 TOTAL COURSE SERVICES EXPENSES 139,295 4,015 4,015 4,565 1,000 15,334 15,509 17,217 17,167 17,167 17,492 15,448 10,365 Expendable Supplies are made up of: Clipboards, Paper (starter sheets, ranger sheets), Towels, Trash Bags Uniforms- Each employee receives 4 shirts, 1 hat per season 5/17/2024 14 309 2024-2025 ANNUAL PLAN SilverRock Resort BUN DATE: 17-May-24 03:20 PM Projections - July 2024 to June 2025 PREPARED BY: Landmark Golf Management MAINTENANCE DEPARTMENT -63 TOTAL I JUL. I AUG. I SEP. I OCT. NOV. DEC. I JAN. I FEB. I MAR. I APR. I MAY I JUN. SALARIES AND BENEFITS Salaries and Wages 847,222 61,134 62,684 62,684 72,107 71,081 74,210 75,284 75,232 75,238 75,238 72,079 70,250 Overtime Hourly Wages 30,518 0 1,824 1,824 16,000 2,052 0 0 2,106 2,500 2,106 2,106 0 Payroll Taxes 85,580 5,961 6,290 6,290 8,590 7,130 7,235 7,340 7,540 7,579 7,541 7,233 6,849 Workers' Compensation 41,298 2,910 3,042 3,042 3,940 3,449 3,532 3,584 3,648 3,661 3,648 3,498 3,344 Health Insurance/Benefits 100,863 8,106 8,106 8,106 8,106 8,619 8,619 8,619 8,619 8,619 8,619 8,619 8,106 TOTAL SALARIES AND BENEFITS 1,105,480 78,111 81,946 81,946 108,743 92,331 93,596 94,827 97,145 97,597 97,152 93,535 88,549 SUPPLIES AND MATERIALS Fertilizer 114,000 6,000 4,000 9,000 30,000 10,000 10,000 10,000 4,000 4,000 15,000 4,000 8,000 Flowers/Plants 13,000 0 0 0 6,000 0 0 5,000 0 0 0 2,000 0 Gas & Oils 81,600 6,800 6,800 6,800 6,800 6,800 6,800 6,800 6,800 6,800 6,800 6,800 6,800 Golf Course Accessories 16,000 0 0 0 14,000 0 0 0 0 2,000 0 0 0 Chemicals & Pesticides 47,000 14,000 1,000 8,000 8,000 2,000 0 0 3,000 0 6,000 0 5,000 POA Control 10,000 0 0 0 0 0 10,000 0 0 0 0 0 0 Sand/Mulch/Bunker 8,500 0 0 0 6,000 2,500 0 0 0 0 0 0 0 Seed 150,000 0 0 0 150,000 0 0 0 0 0 0 0 Small Tools 6,000 500 500 500 500 500 500 500 500 500 500 500 500 Sod 15,500 7,500 2,500 1,000 0 0 0 0 0 0 0 0 4,500 Topdressing 19,000 3,000 0 3,000 0 0 0 0 0 0 0 3,000 10,000 TOTAL SUPPLIES AND MATERIALS 480,600 37,800 14,800 28,300 221,300 21,800 27,300 22,300 14,300 13,300 28,300 16,300 34,800 REPAIRS AND MAINTENANCE Buildings & Bridges 6,000 500 500 500 500 500 500 500 500 500 500 500 500 Equipment 46,500 3,000 3,500 4,000 10,000 5,000 2,500 2,500 3,500 5,000 2,500 2,500 2,500 Irrigation System 29,000 4,500 4,500 2,500 2,500 1,000 1,000 1,500 2,000 2,000 2,500 2,500 2,500 Pumps 10,500 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 500 0 Lake Maint Contract 52,152 4,346 4,346 4,346 4,346 4,346 4,346 4,346 4,346 4,346 4,346 4,346 4,346 Trees 16,550 0 0 6,000 550 0 0 0 0 0 0 0 10,000 TOTAL REPAIRS AND MAINTENANCE 160,702 13,346 13,846 18,346 18,896 11,846 9,346 9,846 11,346 12,846 10,846 10,346 19,846 5/17/2024 15 310 2024-2025 ANNUAL PLAN SilverRock Resort Rote DATE: 17-May-24 03:20 PM Projections - July 2024 to June 2025 PREPARED BY: Landmark Golf Management MAINTENANCE DEPARTMENT -63 TOTAL I JUL. I AUG. I SEP. I OCT. NOV. DEC. I JAN. I FEB. I MAR. I APR. I MAY I JUN. OTHER EXPENSES Contract Services Soil/Tissue Tests Dues and Subscriptions Employee Education Equipment Rental Auto Expense Licenses and Permits Miscellaneous Supplies Propane/Natural Gas Safety Equipment & Training Telephone/DSL Waste/Trash Removal Uniforms & Linen/Towels TOTAL OTHER EXPENSES TOTAL MAINTENANCE EXP. (EXCL Landscaping) LANDSCAPE Contract Labor Landscape Wages & Benefits Small Tools Repairs & Maintenance - Drip Irrigation Uniforms TOTAL LANDSCAPE MAINTENANCE COURSE & LANDSCAPE MAINTENANCE TOTAL (EXCL UTILITIES) WATER & ELECTRICITY COSTS Water Cost Electricity Cost TOTAL WATER AND ELECTRIC COST TOTAL COURSE MAINTENANCE EXPENSES 4,500 0 0 1,500 0 0 0 1,500 0 0 0 1,500 0 1,100 0 0 0 0 0 0 800 200 0 0 0 100 3,900 50 50 50 50 50 50 50 1,000 2,400 50 50 50 3,400 200 150 150 1,000 600 200 200 200 200 200 200 100 4,800 400 400 400 400 400 400 400 400 400 400 400 400 4,300 100 0 0 250 0 50 0 0 1,000 2,900 0 0 1,200 100 100 100 100 100 100 100 100 100 100 100 100 5,950 750 750 750 500 500 500 500 500 500 500 100 100 360 30 30 30 30 30 30 30 30 30 30 30 30 3,850 200 100 750 800 500 400 400 200 200 100 100 100 5,700 475 475 475 475 475 475 475 475 475 475 475 475 6,288 524 524 524 524 524 524 524 524 524 524 524 524 11,040 920 920 920 920 920 920 920 920 920 920 920 920 56,388 3,749 3,499 5,649 5,049 4,099 3,649 5,899 4,549 6,749 6,199 4,399 2,899 1,803,170 133,006 114,091 134,241 353,988 130,076 133,891 132,872 127,340 130,492 142,497 124,580 146,094 4,500 264,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 264,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 1,025 100 100 100 100 100 75 75 75 75 75 75 75 4,250 250 250 500 500 500 500 250 250 250 250 250 500 3,480 290 290 290 290 290 290 290 290 290 290 290 290 272,755 22,640 22,640 22,890 22,890 22,890 22,865 22,615 22,615 22,615 22,615 22,615 22,865 2,075,925 155,646 136,731 157,131 376,878 152,966 156,756 155,487 149,955 153,107 165,112 147,195 168,959 97,244 8,630 7,630 8,880 9,680 14,480 3,785 5,680 4,600 5,630 8,600 11,730 7,919 236,340 18,500 18,500 18,500 18,500 19,140 21,240 21,240 21,240 21,240 21,240 18,500 18,500 333,584 27,130 26,130 27,380 28,180 33,620 25,025 26,920 25,840 26,870 29,840 30,230 26,419 2,409, 509 182,776 162,861 184,511 405,058 186,586 181,781 182,407 175,795 179,977 194,952 177,425 195,378 5/17/2024 16 311 2024-2025 ANNUAL PLAN SilverRock Resort RUN DATE: 17-May-24 03:20 PNI Projections- July 2024 to June 2025 PREPAREDBY: Landmark Goff Management & A DEPARTMENT - 67 TOTAL JUL. I AUG. I SEP. I OCT. I NOV.JAN. j FEB.MAY JUN. bALAKILb AND BENEFITS Salaries and Wages 311,607 25,967 25,967 25,967 25,967 25,967 25,967 25,967 25,967 25,967 25,967 25,967 25,967 Payroll Taxes 30,382 2,532 2,532 2,532 2,532 2,532 2,532 2,532 2,532 2,532 2,532 2,532 2,532 Workers' Compensation 24,622 2,052 2,052 2,052 2,052 2,052 2,052 2,052 2,052 2,052 2,052 2,052 2,052 Health Insurance/Benefits 61,776 5,148 5,148 5,148 5,148 5,148 5,148 5,148 5,148 5,148 5,148 5,148 5,148 TOTAL SALARIES AND BENEFITS 428,387 , REPAIRS AND MAINTENANCE Equipment Repair 7,300 150 150 1,000 1,500 900 850 700 500 750 450 250 100 TOTAL REPAIRS AND MAINTENANCE 7,300 150 150 1,000 1,500 900 850 700 500 750 450 250 100 OTHER EXPENSES Office Supplies 1,260 105 105 105 105 105 105 105 105 105 105 105 105 Printing / Stationary 3,300 100 100 100 100 100 400 400 400 400 400 400 400 Postage 900 75 75 75 75 75 75 75 75 75 75 75 75 Recruiting / Relocation 1,200 0 0 150 150 150 200 150 200 200 0 0 0 Dues and Subscriptions 1,550 50 0 300 50 50 50 100 200 50 50 50 600 Freight / Delivery 600 50 50 50 50 50 50 50 50 50 50 50 50 Travel 1,100 0 100 0 0 0 0 0 100 0 200 500 200 Promotion 1,200 100 100 100 100 100 100 100 100 100 100 100 100 Auto Expense 6,000 500 500 500 500 500 500 500 500 500 500 500 500 Equipment Rental(Copier/Storage/Cell Phone) 13,200 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 Uniforms 2,000 150 150 150 350 150 150 150 150 150 150 150 150 Professional Fees (I.T. & Safety Fees) 18,000 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 Seminars / Training 3,400 200 200 200 200 200 200 1,200 200 200 200 200 200 Payroll Processing 18,000 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 Computer Supplies(POS Support Fees) 6,300 500 500 500 500 500 500 500 500 500 500 500 800 Bank & ADP Fees 1,080 90 90 90 90 90 90 90 90 90 90 90 90 Miscellaneous 6,000 100 100 100 100 1,000 4,000 100 100 100 100 100 100 TOTAL OTHER EXPENSES 85,090 6,120 6,170 6,520 6,470 7,170 10,520 7,620 6,870 6,620 6,620 6,920 7,470 TOTAL G & A EXPENSES 520,777 41,969 42,019 43,219 43,669 43,769 47,069 44,019 43,069 43,069 42,769 42,869 43,269 Uniforms- Benefit to be shared between GM & Controller Entertainment & Promotion - GM promoting property for potential clients 5/17/2024 17 312 2024-2025 ANNUAL PLAN SilverRock Resort MARKETING 17-May-24 03:20 PM Projections - July 2024 to June 2025 PREPARED BY: Landmark Golf Management MARKETING DEPARTMENT -66 TOTAL JUL. I AUG. I SEP. I OCT. I NOV. I DEC. JAN. I FEB. I MAR. I APR. I MAY I JUN. SALARIES AND BENEFITS Salaries and Wages 15,000 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 Payroll Taxes 1,463 122 122 122 122 122 122 122 122 122 122 122 122 Workers' Compensation 1,185 99 99 99 99 99 99 99 99 99 99 99 99 Health Insurance/Benefits 3,591 0 0 0 0 0 513 513 513 513 513 513 513 TOTAL SALARIES AND BENEFITS 21,239 1,471 1,471 1,471 1,471 1,471 1,984 1,984 1,984 1,984 1,984 1,984 1,984 OTHER EXPENSES Office Supplies Printing / Stationary Postage Contract Services Web Page Dues and Subscriptions Uniforms Telephone Civic, Community and Trade Show Public Relations Promotions / Meals Promotion - (Media, Vendor Days, etc) Advertising (Ad Purchases) Collateral Material - (Scorecards, Rack Cds, Tees, Pencils, Miscellaneous TOTAL OTHER EXPENSES TOTAL MARKETING EXPENSES 1,200 100 100 100 100 100 100 100 100 100 100 100 100 4,425 0 0 200 3,000 200 200 200 125 125 125 125 125 600 50 50 50 50 50 50 50 50 50 50 50 50 1,800 150 150 150 150 150 150 150 150 150 150 150 150 735 0 0 0 0 0 0 35 400 300 0 0 0 600 0 0 0 300 50 50 50 50 50 50 0 0 1,200 100 100 100 100 100 100 100 100 100 100 100 100 2,250 75 75 75 75 750 750 75 75 75 75 75 75 1,000 0 0 0 0 0 0 500 500 0 0 0 0 300 25 25 25 25 25 25 25 25 25 25 25 25 700 0 0 0 50 50 50 300 50 50 50 50 50 113,787 2,566 2,566 3,461 10,266 15,961 11,366 16,461 14,066 15,341 8,446 8,741 4,546 21,000 500 500 500 1,500 3,500 2,500 2,500 2,500 2,500 2,500 1,000 1,000 350 0 0 0 0 50 50 50 50 50 50 50 149,947 3,566 3,566 4,661 15,616 20,986 15,391 20,596 18,241 18,916 11,721 10,466 6,221 171,186 5,037 5,037 6,132 17,087 22,457 17,375 22,580 20,225 20,900 13,705 12,450 8,205 Promotion/Meals - Off property events (Chamber Mixers, Rotaries and entertaining potential clients) Promotion/Media/Vend or Days - Radio/TV Onsite Broadcasting. Vendor Days - Show casing property in exchange for positive publicity 5/17/2024 18 313 2024-2025 ANNUAL PLAN SilverRock Resort MARKETING 16-May-24 11:20AM Projections - July 2024 to June 2025 PREPARED BY. Landmark Golf Management TEMPORARY CLUBHOUSE -800 TOTAL JUL. AUG. SEP. OCT. NOV. DEC. JAN. FEB. MAR. APR. MAY JUN. SUPPLIES AND MATERIALS Expendable Supplies 2,400 200 200 200 200 200 200 200 200 200 200 200 200 Laundry Supplies 2,400 200 200 200 200 200 200 200 200 200 200 200 200 TOTAL SUPPLIES AND MATERIALS 4,800 400 400 400 400 400 400 400 400 400 400 400 400 REPAIRS AND MAINTENANCE Building Structures 3,600 300 300 300 300 300 300 300 300 300 300 300 300 Restaurant Repairs 8,400 700 700 700 700 700 700 700 700 700 700 700 700 Equipment Repair 8,400 700 700 700 700 700 700 700 700 700 700 700 700 TOTAL REPAIRS AND MAINTENANCE 20,400 1,700 1,700 1,700 1,700 1,700 1,700 1,700 1,700 1,700 1,700 1,700 1,700 OTHER EXPENSES Contract Services Cleaning 8,000 500 500 500 2,500 500 500 500 500 500 500 500 500 Telephone 21,000 1,750 1,750 1,750 1,750 1,750 1,750 1,750 1,750 1,750 1,750 1,750 1,750 Cable -Roadrunner 5,040 420 420 420 420 420 420 420 420 420 420 420 420 Water 7,296 608 608 608 608 608 608 608 608 608 608 608 608 Safety Equipment 1,200 100 100 100 100 100 100 100 100 100 100 100 100 Propane Gas 12,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 Flowers and Decorations 1,900 0 0 0 500 0 0 500 0 500 0 0 400 Building Security (Roving Patrol) 85,200 7,100 7,100 7,100 7,100 7,100 7,100 7,100 7,100 7,100 7,100 7,100 7,100 Miscellaneous 0 0 0 0 0 0 0 0 0 0 0 0 0 TOTAL OTHER EXPENSES 141,636 11,478 11,478 11,478 13,978 11,478 11,478 11,978 11,478 11,978 11,478 11,478 11,878 TOTAL CLUBHOUSE EXPENSES 166,836 13,578 13,578 13,578 16,078 13,578 13,578 14,078 13,578 14,078 13,578 13,578 13,978 Expendable Supplies made up of: Locksmith, Trashbags, Lightbulbs, Mats, Items related to Maintenance of Clubhouse 5/17/2024 19 314 2024-2025 ANNUAL PLAN SilverRock Resort RUN DATE: 17-May-24 03:20 PM Projections - July 2024 to June 2025 PREPARED BY: Landmark Golf Management MISC. DEPARTMENT - 980 & 990 TOTAL JUL. I AUG. SEP. OCT. NOV. I DEC. I JAN. I FEB. MAR. I APR. I MAY JUN. MISC OTHER EXPENSES Management Fee - Fixed 137,232 11,436 11,436 11,436 11,436 11,436 11,436 11,436 11,436 11,436 11,436 11,436 11,436 FF&E Reserve (2.0%) 88,136 1,915 1,865 3,727 0 11,556 9,066 10,530 13,057 15,195 10,105 8,348 2,772 General Liability Insurance 55,200 4,600 4,600 4,600 4,600 4,600 4,600 4,600 4,600 4,600 4,600 4,600 4,600 Personal Property Taxes 15,000 6,000 0 5,000 4,000 0 0 0 0 0 0 0 0 LEASE EXPENSES Golf Cart Maint Trailer Leases Golf Course Maintenance Lease GPS Lease (Up -Link) Equipment Rental Other 295,568 23,951 17,901 24,763 20,036 27,592 25,102 26,566 29,093 31,231 26,141 24,384 18,808 25,200 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 62,400 5,200 5,200 5,200 5,200 5,200 5,200 5,200 5,200 5,200 5,200 5,200 5,200 252,600 18,150 18,150 18,150 18,150 22,500 22,500 22,500 22,500 22,500 22,500 22,500 22,500 60,864 5,072 5,072 5,072 5,072 5,072 5,072 5,072 5,072 5,072 5,072 5,072 5,072 20,200 1,150 1,150 1,150 1,150 1,950 1,950 1,950 1,950 1,950 1,950 1,950 1,950 421,264 31,672 31,672 31,672 31,672 36,822 36,822 36,822 36,822 36,822 36,822 36,822 36,822 5/17/2024 20 315 2024-2025 Annual Budget 2024-2025 Annual Budget RUN DATE: 17-May-24 03:20 PM PREPARED BY: Landmark Golf Management FOOD& BEVERAGE DEPT-62 TOTAL JUL. AUG. SEP. OCT. NOV. DEC. JAN. FEB. MAR. APR. MAY JUN. FOOD REVENUE TOTAL NUMBER OF ROUNDS 44,545 1,900 1,850 2,700 0 5,400 4,700 4,900 5,200 6,100 4.995 4,500 2,300 GRILL ROOM AVERAGE FOOD REVENUE PER ROUND $6.75 $5.00 $5.00 $6.00 $2.50 $8.00 $8.00 $8.50 $8.50 $8.50 $8.00 $7.00 $6.00 TOTAL GRILL ROOM FOOD REVENUE 338,710 9,500 9,250 16,200 0 43,200 37,600 41,650 44,200 51,850 39,960 31,500 13,800 BEVERAGE CARTS AVERAGE FOOD REVENUE PER ROUND $0.95 $0.25 $0.50 $0.75 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $0.75 TOTAL BEVERAGE CART FOOD REVENUE 40,945 475 925 2,025 0 5,400 4,700 4,900 5,200 6,100 4,995 4,500 1,725 AVERAGE FOOD $ PER ROUND $7.60 $5.25 $5.50 $5.00 $3.50 $8.50 $8.50 $9.50 $9.50 $8.25 $6.50 $8.00 $6.75 BEVERAGEREVENUE TOTAL NUMBER OF ROUNDS 44,545 1,900 1,850 2,700 0 5,400 4,700 4,900 5,200 6,100 4,995 4,500 2,300 GRILL ROOM/FERRACE AVERAGE BEVERAGE REVENUE PER ROUND $3.06 $1.50 $1.50 $1.50 $1.50 $3.75 $4.50 $4.00 $4.00 $4.00 $4.00 $4.50 $2.00 TOTAL SNACK SHOP BEVERAGE REVENUE 160,705 2,850 2,775 4,050 0 20,250 21,150 19,600 20,800 24,400 19,980 20,250 4,600 45.43% BEVERAGE CARTS AVERAGE BEVERAGE REVENUE PER ROUND $3.96 $3.25 $4.00 $3.50 $2.50 $4.00 $4.00 $5.50 $5.50 $5.25 $4.00 $3.75 $2.25 'DEAL BEVERAGE CART BEVERAGE REVENUE 193,030 6,175 7,400 9,450 0 21,600 18,800 26,950 28,600 32,025 19,980 16,875 5,175 54.57% AVERAGE BEVERAGES PER ROUND $4.75 $5.50 $5.00 $4.00 $7.75 $8.50 $6.00 $9.50 $9.25 $8.00 $8.25 $4.25 FOOD REVENUE Snack Shop/Terrace Food $ 338,710 $ 9,500 $ 9,250 $ 16,200 $ - $ 43,200 $ 37,600 $ 41,650 $ 44,200 $ 51,850 $ 39,960 $ 31,500 $ 13,800 Beverage Cart Food $ 40,945 $ 475 $ 925 $ 2,025 $ - $ 5,400 $ 4,700 $ 4,900 $ 5,200 $ 6,100 $ 4,995 $ 4,500 $ 1,725 Other Food Income $ - $ - $ - $ - $ - $ - $ - Non -Taxable Tournament S0e Fees $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Special Events $ - $ - $ - $ - $ - TOTAL FOOD REVENUE $ 379,655 $ 9,975 $ 10,175 $ 18,225 $ - $ 48,600 $ 42,300 $ 46,550 $ 49,400 $ 57,950 $ 44,955 $ 36,000 $ 15,525 BEVERAGE RE Snack Shop/Terrace Beer & Wine $ 128,564 $ 2,280 $ 2,220 $ 3,240 $ - $ 16,200 $ 16,920 $ 15,680 $ 16,640 $ 19,520 $ 15,984 $ 16,200 $ 3,680 Snack Shop/Terrace Sodas $ 32,141 $ 570 $ 555 $ 810 $ - $ 4,050 $ 4,230 $ 3,920 $ 4,160 $ 4,880 $ 3,996 $ 4,050 $ 920 Beverage Cart Beer & Wine $ 208,748 $ 5,558 $ 5,180 $ 7,560 $ - $ 23,760 $ 20,680 $ 29,645 $ 28,600 $ 35,228 $ 29,970 $ 16,875 $ 5,693 Beverage Cart Sodas $ 25,882 $ 618 $ 740 $ 4,725 $ - $ 2,160 $ 1,880 $ 1,617 $ 2,860 $ 3,203 $ 3,996 $ 2,531 $ 1,553 TOTAL BEVERAGE REVENUE $ 395,334 $ 9,025 $ 8,695 $ 16,335 $ - $ 46,170 $ 43,710 $ 50,862 $ 52,260 $ 62,830 $ 53,946 $ 39,656 $ 11,845 TOTAL FOOD & BEVERAGE REVENUE $ 774,989 $ 19,000 $ 18,870 $ 34,560 $ - $ 94,770 $ 86,010 $ 97,412 $ 101,660 $ 120,780 $ 98,901 $ 75,656 $ 27,370 LESS COST OF SALES COS - Food (37%) $ 136,676 $ 3,591 $ 3,663 $ 6,561 $ - $ 17,496 $ 15,228 $ 16,758 $ 17,784 $ 20,862 $ 16,184 $ 12,960 $ 5,589 COS - Beer & Wine (25%) $ 70,757 $ 1,567.50 $ 1,554.00 $ 2,268.00 $ - $ 8,391.60 $ 7,896.00 $ 9,518.25 $ 9,500.40 $ 11,496.98 $ 9,650.34 $ 6,945.75 $ 1,968.23 COS - Sodas (27%) $ 14,506 $ 296.88 $ 323.75 $ 1,383.75 $ - $ 1,552.50 $ 1,527.50 $ 1,384.25 $ 1,755.00 $ 2,020.63 $ 1,998.00 $ 1,645.31 $ 618.13 COS- Employee Meals $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - TOTAL COST OF SALES $ 221,939 $ 5,455 $ 5,541 $ 10,213 $ - $ 27,440 $ 24,652 $ 27,661 $ 29,039 $ 34,380 $ 27,832 $ 21,551 $ 8,175 GROSS PROFIT $ 553,051 $ 13,545 $ 13,329 $ 24,347 $ - $ 67,330 $ 61,359 $ 69,752 $ 72,621 $ 86,400 $ 71,069 $ 54,105 $ 19,195 SALARIES AND BENEFITS Salaries and Wages $ 389,900 $ 20,548 $ 20,548 $ 22,160 $ 9,955 $ 32,397 $ 40,782 $ 49,209 $ 49,209 $ 49,209 $ 42,732 $ 32,566 $ 20,585 Payroll Taxes $ 42,989 $ 2,260 $ 2,260 $ 2,438 $ 1,095 $ 3,564 $ 4,486 $ 5,413 $ 5,413 $ 5,413 $ 4,701 $ 3,582 $ 2,264 Workers'Compensation $ 18,559 $ 978 $ 978 $ 1,055 $ 474 $ 1,542 $ 1,941 $ 2,342 $ 2,342 $ 2,342 $ 2,034 $ 1,550 $ 980 Health Insurance $ 73,168 $ 6,097 $ 6,097 $ 6,097 $ 6,097 $ 6,097 $ 6,097 $ 6,097 $ 6,097 $ 6,097 $ 6,097 $ 6,097 $ 6,097 TOTAL SALARIES AND BENEFITS $ 524,517 $ 29,883 $ 29,883 $ 31,749 $ 17,621 $ 43,601 $ 53,306 $ 63,062 $ 63,062 $ 63,062 $ 55,564 $ 43,796 $ 29,927 SUPPLIES AND MATERIALS Expendable Supplies $ 4,280 $ 300 $ 300 $ 300 $ 580 $ 200 $ 400 $ 400 $ 400 $ 400 $ 400 $ 300 $ 300 Bar Utensils $ 1,250 $ 150 $ 100 $ 100 $ 100 $ 100 $ 100 $ 100 $ 100 $ 100 $ 100 $ 100 $ 100 Menus, Napkins and Placemats $ 3,825 $ 175 $ 175 $ 175 $ 500 $ 250 $ 250 $ 550 $ 350 $ 350 $ 350 $ 350 $ 350 TOTAL SUPPLIES AND MATERIALS $ 9,355 $ 625 $ 575 $ 575 $ 1,180 $ 550 $ 750 $ 1,050 $ 850 $ 850 $ 850 $ 750 $ 750 REPAIRS AND MAINTENANCE Equipment Repair $ 51900 $ 400 $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 TOTAL REPAIRS AND MAINTENANCE $ 51900 $ 400 $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 OTHER EXPENSES Office Supplies $ 1,500 $ 100 $ 100 $ 100 $ 250 $ 250 $ 100 $ 100 $ 100 $ 100 $ 100 $ 100 $ 100 Phone $ 857 $ 71 $ 71 $ 71 $ 71 $ 71 $ 71 $ 71 $ 76 $ 71 $ 71 $ 71 $ 71 Equipment Rental $ 1,285 $ 109 $ 109 $ 109 $ 95 $ 109 $ 100 $ 109 $ 109 $ 109 $ 109 $ 109 $ 109 Natural Gas- Propane $ 12,000 $ 2,000 $ - $ 2,000 $ - $ 2,000 $ - $ 2,000 $ - $ 2,000 $ - $ 2,000 $ - Non -Capital Equipment $ 2,050 $ 100 $ 100 $ 100 $ 50 $ 50 $ 50 $ 700 $ 700 $ 50 $ 50 $ 50 $ 50 Uniforms $ 4,300 $ 150 $ 150 $ 150 $ 1,500 $ 150 $ 500 $ 250 $ 250 $ 350 $ 550 $ 150 $ 150 Laundry and Linen $ 81850 $ 650 $ 650 $ 650 $ - $ 650 $ 650 $ 1,200 $ 1,200 $ 1,200 $ 650 $ 650 $ 700 Bank Fees $ 20,630 $ 1,150 $ 1,150 $ 1,250 $ - $ 2,400 $ 21500 $ 2,500 $ 2,700 $ 2,700 $ 2,080 $ 1,150 $ 1,050 Seminars/Training $ 225 $ 25 $ 25 $ 25 $ 25 $ - $ - $ - $ 25 $ 25 $ 25 $ 25 $ 25 Cleaning Supplies $ 7,400 $ 400 $ 400 $ 400 $ - $ 850 $ 850 $ 950 $ 950 $ 950 $ 950 $ 350 $ 350 Flowers and Decorations $ 2,604 $ 100 $ 100 $ 100 $ 204 $ 300 $ 300 $ 300 $ 250 $ 250 $ 300 $ 200 $ 200 Licenses and Permits $ 11800 $ - $ 900 $ - $ - $ - $ - $ 900 $ - $ - $ - $ - Miscellaneous $ 6.200 $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 $ 600 $ 600 $ 500 $ 500 $ 500 TOTAL OTHER EXPENSES $ 69.701 $ 5,355 $ 4,255 $ 5,455 $ 2,695 $ 7,330 $ 5,621 $ 9,580 $ 6,960 $ 8,405 $ 5,385 $ 5,355 $ 3,305 TOTAL EXPENSES $ 609,473 $ 36,263 $ 35,213 $ 38,279 $ 21,996 $ 51,981 $ 60,177 $ 74,192 $ 71,372 $ 72,817 $ 62,299 $ 50,401 $ 34,482 TOTAL FOOD 6 BEVERAGE PROFIT ILou) $ (56,422) $ (22,719) $ (21,884) $ (13,932) $ (21,996) $ 15,349 $ 1,181 $ (4,440) $ 1,249 $ 13,583 $ 8,770 $ 3,704 $ (15,287) 5/17/2024 316 SilverRock Resort 2024-2025 Marketing Plan Narrative OBJECTIVE: Continue to expand brand awareness for SilverRock Resort, promote the Arnold Palmer Classic Course as a premier golf course in the Coachella Valley and increase golf and golf -related revenues. In light of the paused construction around the golf course of two luxury hotels, spa, convention center, permanent clubhouse and private residences, it will be imperative to continually market SilverRock in a positive light during all construction phases of the development. The 2024-2025 Marketing Plan is built around a slightly scaled back budget of $171,186. The total Marketing Plan includes: reduced print advertising, TV, digital marketing, social media, collateral materials, partial tournament coordinator salary, public relations, supplies, internet websites and email marketing. The total Advertising budget will be $113,787 for the year. PRINT ADVERTISING Continuing from last year, further reduction in print advertising will be evident, however SilverRock will still have a presence in a few staple local & regional magazines (Golfing Palm Springs, Desert Golf & Tennis, CV Golf Guides, Desert Golfing Digest). These publications will target the Coachella Valley Residents and tourist/resort golfers in local, regional and Southern California golf and travel publications. Print advertising consists of golf and travel magazines and regional directories. All print advertising now includes a digital component that is included in each buy. TV & RADIO Television commercials (30 seconds) are placed on some local network affiliates. There is no plan for a new commercial to be created until construction around the golf course is further along and the new Clubhouse is complete. For this fiscal year, there is no Local radio ads planned in the advertising budget. IN ROOM MEDIA In conjunction with the Travelers Channel, currently the SilverRock commercial is showcased in 18 local hotels representing over 3,500 hotel rooms throughout the Coachella Valley. The Travelers Channel operates in each hotel, and becomes the hotels local in roorr concierge. The Travelers Channel primary goal is to visually promote the local area, points of interest, history, services, restaurants, shopping, and to help visitors enjoy their stay. DIGITAL MARKETING The marketing plan includes website display banners through the geo target channels like ESPN LA, Golf Channel.com, PGA.com, SCGA.com, and anyone searching keywords such as Golf, Best Golf Courses, Tee Times in Greater Palm Springs/La Quinta producing 10 million impressions. Included in this 2024-2025 Marketing Plan is an ongoing partnership to continue a strong presence in the digital marketing sector. 5/17/2024 22 317 SOCIAL MEDIA Working in partnership with Golf Now, social media has proven to be a very successful, powerful and cost-effective method of promoting SilverRock. There will be a continued effort and focus on social media including enhancing SilverRock's Facebook "fan base" which has generated nearly 20,000 likes and has been very effective way of communicating SilverRock's news and information. Increased presence on Instagram will continue this year with short beauty video clips of the golf course. ONLINE REVIEWS / REPUTATION MANAGEMENT / WORD OF MOUTH Online reviews for SilverRock provide a great feedback tool for management but are also helpful for consumers when deciding which golf course to play for their next golf trip. Any review on Google, Yelp or Golf Pass (powered by Golf Now) are acknowledged and responded to within 48 hours of a review or post. It is critical to maintain this reputation during and throughout the construction phases of the development at SilverRock. CONTENT EMAIL MARKETING Working in collaboration with several magazines, a continued effort will be implemented to utilize content email marketing as a strategic component of this year's marketing plan. This helps to engage and inform subscribers to be used to promote the course for both golf and food and beverage. WEBSITE & ONLINE BOOKINGS The majority of all tee times are booked online and prepaid upon booking; a continued emphasis on the mobile website-booking interface that allows visitors to navigate SilverRock's website more efficiently and effectively will again be a priority for 2024- 2025. The SilverRock website is a responsive website which allows any user with a PC, tablet or mobile phone to navigate the SilverRock website. Customers now have the ability to purchase digital gift cards through the SilverRock.org website. In addition, the SilverRock Grill menu for breakfast and lunch are displayed on the SilverRock website. SilverRock also offers a free App (available on both Droid and iPhones) which allows golfers to book tee times instantly through the App with no booking fees. JUNIOR GOLF SilverRock will continue to support local Junior Golf by offering Junior Lessons, Junior Rates and being a host course for the La Quinta High School Boys and Girls Golf Teams. SilverRock will also continue to participate in SCGA's Youth on Course program which will provide juniors in Southern California another avenue to have access to golf courses at affordable green fees. COLLATERAL MATERIALS Rack cards, scorecards, and information packets presenting SilverRock Resort are used as marketing tools for SilverRock Resort. Printed material will be produced, as needed, to promote SilverRock Resort as a former Home Course of the Bob Hope Classic 2008-2011. 5/17/2024 23 318 ATTACHMENT 2 AMENDMENT NO. 7 TO GOLF COURSE MANAGEMENT AGREEMENT This Amendment No. 7 ("Amendment 7") to Golf Course Management Agreement ("Agreement") is made and entered as of the 1st day of July 2024 ("Effective Date") by and between the CITY OF LA QUINTA ("City"), a California municipal corporation, and LANDMARK GOLF MANAGEMENT, LLC. ("Manager"). RECITALS WHEREAS, on or about July 1, 2013, the City and Manager entered into an Agreement to provide services related to managing golf course operations at SilverRock Resort; and WHEREAS, on or about July 1, 2018, the City and Manager executed Amendment No. 1 and mutually agreed to amend: • Section 2.2 Management Term by extending the Term for one additional year, from July 1, 2018 until June 30, 2019 ("Extended Term"); • Section 4.1.1 Management Fee. by increasing the Management Fee for a total not to exceed amount of $114,000 for fiscal year 2018/19; • Section 8.1 Termination by City granting the City sole discretion, without penalty or cause to terminate the Agreement on any date after June 30, 2019 with a minimum sixty (60) day prior Written Notice on early termination to Landmark; and WHEREAS, on or about June 19, 2019, the City and Manager executed Amendment No. 2 and mutually agreed to amend: • Section 2.2 Management Term by extending the Term for one additional year, from July 1, 2019 to June 30, 2020 ("Extended Term"); • Section 3.10.1 Capital Improvement Funds by suspending deposit from the Golf Course Accounts for the 2% Capital Improvement Funds until June 30, 2020; • Section 4.1.1 Management Fee by increasing the annual management fee by 4% for a total not to exceed amount of $119,000 for fiscal year 2019/20; and • Section 8.1 Termination by City granting the City sole discretion, without penalty or cause to terminate the Agreement on any date after June 30, 2020 with a minimum sixty (60) day prior Written Notice on early termination to Landmark; and WHEREAS, on or about June 16, 2020, the City and Manager executed Amendment No. 3 and mutually agreed to amend: Section 2.2 Management Term by extending the Term for one additional year, from July 1, 2020 to June 30, 2021 ("Extended Term"); Section 3.10.1 Capital Improvement Funds by suspending deposit from the Golf Course Accounts for the 2% Capital Improvement Funds until June 30, 2021; 319 • Section 4.1.1 Management Fee by decreasing the annual fee by 5% to a total not to exceed amount of $112,632 for fiscal year 2020/21; and WHEREAS, on or about June 1, 2021, the City and Manager executed Amendment No. 4 and mutually agreed to amend: • Section 2.2 Management Term by extending the Term for one additional year, from July 1, 2021 to June 30, 2022 ("Extended Term"); • Section 3.10.1 Capital Improvement Funds by reinstating deposits from the Golf Course Accounts for the 2% Capital Improvement Funds until June 30, 2022; • Section 4.1.1 Management Fee by implementing an annual increase to the annual fee, reinstating it to the previous not to exceed amount of $118,560 for fiscal year 2021 /22; and WHEREAS, on or about June 21, 2022, the City and Manager executed Amendment No. 5 and mutually agreed to amend: • Section 2.2 Management Term by extending the Term for one additional year, from July 1, 2022 to June 30, 2023 ("Extended Term"); • Section 3.10.1 Capital Improvement Funds by reinstating deposits from the Golf Course Accounts for the 2% Capital Improvement Funds until June 30, 2023; • Section 4.1.1 Management Fee by implementing an annual increase to the annual fee, reinstating it to the previous not to exceed amount of $124,488 for fiscal year 2022/23; and WHEREAS, on or about June 20, 2023, the City and Manager executed Amendment No. 6 and mutually agreed to amend: • Section 2.2 Management Term by extending the Term for three additional years, from July 1, 2023 to June 30, 2026 ("Extended Term"); • Section 3.10.1 Capital Improvement Funds by reinstating deposits from the Golf Course Accounts for the 2% Capital Improvement Funds until June 30, 2026; • Section 4.1.1 Management Fee by implementing a 5% annual increase to the annual fee, for a total not to exceed amount of $130,704 for fiscal year 2023/24 and an annual 5% increase for consecutive years; and WHEREAS, Section 5.1 Golf Course Accounts establishes that a Golf Course Account be established with a $250,000 Advance to be utilized to pay Golf Course Expenses, with such Expenses reimbursed by the City through a twice monthly invoicing process to replenish such Advance; and WHEREAS, the City and Manager mutually agree to execute Amendment No. 7 to the Agreement, raising the Advance amount established in Section 5.1 Golf Course Accounts by $50,000 to a total of $300,000. 320 NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties agree as follows: AMENDMENT In consideration of the foregoing Recitals and the covenants and promises hereinafter contained, and for good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows: Section 5.1 Golf Course Accounts is amended as follows: The amount of Advance funds shall be raised by $50,000 from $250,000 to a total of $300,000 for the purpose of paying routine Golf Course Expenses. In all other respects, the Agreement, Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5 and Amendment No. 6 shall remain in effect. IN WITNESS WHEREOF, the City and Manager have executed this Amendment No. 7 to the Agreement on the respective dates set forth below. CITY OF LA QUINTA LANDMARK GOLF MANAGEMENT, LLC a California municipal corporation and Charter City Jon McMillen, City Manager Andy Vossler, President & CEO Dated: Dated: ATTEST: Monika Radeva, City Clerk City of La Quinta, California APPROVED AS TO FORM: William H. Ihrke, City Attorney City of La Quinta, California 321 322 BUSINESS SESSION ITEM NO. 6 CONSIDERED AS BUSINESS SESSION ITEM NO. City of La Quinta CITY COUNCIL MEETING: June 4, 2024 STAFF REPORT AGENDA TITLF : ADOPT RESOLUTION TO ADOPT THE CITY OF LA QUINTA LOCAL HAZARD MITIGATION PLAN ANNEX TO THE RIVERSIDE COUNTY OPERATIONAL AREA MULTI -JURISDICTIONAL LOCAL HAZARD MITIGATION PLAN TO MAINTAIN ELIGIBILITY FOR FEDERAL GRANT FUNDING RECOMMENDATION Adopt a resolution to adopt the City of La Quinta Local Hazard Mitigation Plan Annex to the Riverside County Operational Area Multi -Jurisdictional Local Hazard Mitigation Plan to maintain eligibility for federal post -disaster grant funding. EXECUTIVE SUMMARY • To maintain eligibility for federal grant funding, the City must update its Local Hazard Mitigation Plan (LHMP) every five years, which assesses the City's natural disaster risk and vulnerabilities using Federal and State guidelines. • After completing a comprehensive review process, the 2023 La Quinta LHMP was approved by the County of Riverside, followed by State and Federal Emergency Management Agency (FEMA). • La Quinta's LHMP is part of the County of Riverside Operational Area Multi - Jurisdictional Local Hazard Mitigation Plan 2023. • To be considered fully approved, Council must adopt the 2023 LHMP to satisfy FEMA's requirements through April 18, 2028. FISCAL IMPACT There is no fiscal impact for the adoption of the LHMP, however it is required for the City to maintain eligibility to receive disaster recovery funds through FEMA. BACKGROUND/ANALYSIS The Disaster Mitigation Act of 2000 requires local governments to adopt pre -disaster mitigation plans to minimize property damage and risks to public health and safety that might otherwise result from a natural or human -caused disaster. The LHMP identifies the City's hazards, reviews, and assesses past disaster occurrences, estimates the probability of future occurrences, and sets goals to mitigate 323 potential risks, to reduce or eliminate long-term risks. The LHMP identifies the following key hazards and their probability of future occurrences: 1. Earthquakes — the highest probability and severity rating due to potential city-wide impacts. 2. Floods — high probability and critical severity rating in localized areas that experience flash flooding. 3. Extreme Weather — high probability and critical severity rating due to summer temperatures that average over 100°F (with occasional highs above 120°F) as well as wind events. 4. Drought — some probability and critical severity rating when coupled with high summer temperatures. The LHMP outlines the following goals to reduce or mitigate risk: Goal 1: Complete mitigation policies and strategies contained in the La Quinta General Plan. Goal 2: Utilizing grant funds and agencies funded by FEMA, the City will continue training staff for positions in the Emergency Operations Center (EOC). Goal 3: Continue to train and educate the public and business community through the City of La Quinta CERT program and increase the percentage of the population that is prepared and ready to assist first responders to minimize the effects of any incident and stabilize their neighborhoods and community. Goal 4: Encourage pet owners, individuals with access and functional needs, and residents with specialized individual needs to preplan to help ensure they have the necessary support from their family, neighbors, and community organizations. Goal 5: Enlist the support of individuals, families, the private and nonprofit sectors, faith -based organizations, and community groups including homeowners' associations to support and promote CERT and individual preparedness in the City. ALTERNATIVES Since LHMP is required to maintain eligibility for the federal Hazard Mitigation Grant Program funding, staff has no alternative. Prepared by: Lisa Chastain, Public Safety Management Analyst Approved by: Martha Mendez, Public Safety Deputy Director 324 RESOLUTION NO. 2024 — XXX A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, ADOPTING THE CITY OF LA QUINTA LOCAL HAZARD MITIGATION PLAN ANNEX TO THE RIVERSIDE COUNTY OPERATIONAL AREA MULTI - JURISDICTIONAL LOCAL HAZARD MITIGATION PLAN AS REQUIRED BY THE FEDERAL DISASTER MITIGATION AND COST REDUCTION ACT OF 2000 WHEREAS, President William J. Clinton signed H.R. 707, the Disaster Mitigation and Cost Reduction Act of 2000, into law on October 30, 2000; and WHEREAS, the Disaster Mitigation Act of 2000 requires all jurisdictions to be covered by a Local Hazard Mitigation Plan to be eligible for Federal Emergency Management Agency post -disaster funds; and WHEREAS, the City has committed to participate in the development of the Riverside County Operational Area Multi -Jurisdictional Local Hazard Mitigation Plan; and WHEREAS, the City coordinated the development of the City of La Quinta Local Hazard Mitigation Plan Annex (Plan); and WHEREAS, the City is concerned about mitigating potential losses from natural disasters before they occur; and WHEREAS, the plan identifies potential hazards, potential losses and potential mitigation measures to limit losses; and WHEREAS, the California Governor's Office of Emergency Services has reviewed the plan on behalf of the Federal Emergency Management Agency; and WHEREAS, formal adoption of the Plan by the City Council is required before final approval of the Plan can be obtained from the Federal Emergency Management Agency; and WHEREAS, the City has determined that it would be in the best interest of the City of La Quinta to adopt the Plan. NOW THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California, as follows: SECTION 1. The City does hereby adopt the La Quinta Local Hazard Mitigation Plan Annex to the Riverside County Operational Area Multi -Jurisdictional Local Hazard Mitigation Plan ("Local Hazard Mitigation Plan Annex") to meet the requirements of the 325 Resolution No. 2024 — xxx Local Hazard Mitigation Plan Annex Adopted: June 4, 2024 Page 2 of 2 Disaster Mitigation and Cost Reduction Act of 2000, attached hereto as Exhibit A and incorporated herein by reference. SECTION 2. The City Manager or his/her designee is hereby directed to forward the Local Hazard Mitigation Plan Annex to the Riverside County Emergency Management Department, the California Governor's Office of Emergency Services and to the Federal Emergency Management Agency on behalf of the City of La Quinta for final approval. PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on this 4th day of June 2024, by the following vote: AYES: NOES: ABSENT: ABSTAIN: LINDA EVANS, Mayor City of La Quinta, California ATTEST: MONIKA RADEVA, City Clerk City of La Quinta, California APPROVED AS TO FORM: WILLIAM H. IHRKE, City Attorney City of La Quinta, California 326 Resolution No. 2024-OXX Local Hazard Mitigation Plan Annex Adopted: June 4, 2024 2023 EXHIBIT A LOCAL HAZARD MITIGATION PLAN Prepared by: Ana Gutierrez City of La Quinta 12/21/2023 327 CONTACT INFORMATION CITY OF LA QUINTA Name: Ana Gutierrez Title: Emergency Services Coordinator Address: 78495 Calle Tampico City, State and Zip: La Quinta, CA 92253 Direct Contact: (760) 777-7044 Fax: (760) 777-7011 Email: escOlaquintaca.gov LOCAL HAZARD MITIGATION PLAN 12/21/2023 328 PLAN ADOPTION/RESOLUTION The City of La Quinta will submit plans to Riverside County Emergency Management Department who will forward to California Governor's Office of Emergency Services (CaIOES) for review prior to being submitted to the Federal Emergency Management Agency (FEMA). In addition, we will wait to receive an "Approval Pending Adoption" letter from FEMA before taking the plan to our local governing bodies for adoption. Upon approval, the City of La Quinta will insert the signed resolution. I) LOCAL HAZARD MITIGATION PLAN 12/21/2023 329 EXECUTIVE SUMMARY The purpose of this local hazard mitigation plan is to identify the County's hazards, review and assess past disaster occurrences, estimate the probability of future occurrences and set goals to mitigate potential risks to reduce or eliminate long-term risk to people and property from natural and man-made hazards. The plan was prepared pursuant to the requirements of the Disaster Mitigation Act of 2000 to achieve eligibility and potentially secure mitigation funding through Federal Emergency Management Agency (FEMA) Flood Mitigation Assistance, Pre -Disaster Mitigation, and Hazard Mitigation Grant Programs. The City of La Quinta's continual efforts to maintain a disaster -mitigation strategy are - ongoing. Our goal is to develop and maintain an all-inclusive plan to include all jurisdictions, special districts, businesses, and community organizations to promote consistency, continuity, and unification. The City of La Quinta's planning process followed a methodology presented by FEMA and CaLOES, which included conducting meetings with the Operational Area Planning Committee (OAPC) coordinated by Riverside County Emergency Management Department (EMD) comprised of participating Federal, State, and local jurisdictions agencies, special districts, school districts, non-profit communities, universities, businesses, tribes, and general public. The plan identifies vulnerabilities, provides recommendations for prioritized mitigation actions, evaluates resources, identifies mitigation shortcomings, and provides future mitigation planning and maintenance of existing plans. The plan will be implemented upon FEMA approval. C LOCAL HAZARD MITIGATION PLAN 12/21/2023 330 TABLE OF CONTENTS CONTACTINFORMATION.........................................................................................................................................................1 PLAN ADOPTION/RESOLUTION............................................................................................................................................ 2 EXECUTIVESUMMARY............................................................................................................................................................... 3 TABLEOF CONTENTS.................................................................................................................................................................4 SECTION 1.0 - COMMUNITY PROFILE................................................................................................................................ 5 CITYMAP........................................................................................................................................................................ 1.1 GEOGRAPHY AND CLIMATE DESCRIPTION............................................................................................... 6 1.2 BRIEF HISTORY....................................................................................................................................................... 7 1.3 ECONOMY DESCRIPTION................................................................................................................................... 7 1.4 POPULATION AND HOUSING............................................................................................................................ 8 1.5 BRIEF STATEMENT OF UNIQUE HAZARDS.............................................................................................11 1.6 DEVELOPMENT TRENDS AND LAND USE................................................................................................11 SECTION2.0 - PLANNING PROCESS...................................................................................................................................18 2.1 LOCAL PLANNING PROCESS...........................................................................................................................18 2.2 PARTICIPATION IN REGIONAL (OA) PLANNING PROCESS..............................................................18 2.3 DATES AVAILABLE FOR PUBLIC COMMENT...........................................................................................19 2.4 PLANS ADOPTED BY RESOLUTION.............................................................................................................19 SECTION 3.0 - HAZARD IDENTIFICATION AND RISK ASSESSMENT..................................................................19 3.1 ESTIMATING POTENTIAL LOSS....................................................................................................................19 3.2 CRITICAL FACILITIES AND INFRASTRUCTURES..................................................................................19 3.3 TABLE REPLACEMENT VALUES....................................................................................................................21 3.4 IDENTIFICATION OF RISKS AND VULNERABILITIES.........................................................................21 SECTION 4.0 - COMMUNITY RATING SYSTEM.............................................................................................................35 4.1 REPETITIVE LOSS PROPERTIES....................................................................................................................35 4.2 NATIONAL FLOOD INSURANCE PROPERTIES........................................................................................35 SECTION 5.0 - CAPABILITIES ASSESSMENT..................................................................................................................36 5.1 REGULATORY MITIGATION CAPABILITIES.............................................................................................36 5.2 ADMINISTRATIVE/TECHNICAL MITIGATION CAPABILITIES ........................................................38 5.3 FISCAL MITIGATION CAPABILITIES...........................................................................................................40 5.4 MITIGATION OUTREACH CAPABILITIES.....................................................................................................41 5.5 MITIGATION FUNDING OPPORTUNITIES................................................................................................42 5.6 EXPANSION OF AND IMPROVEMENT ON MITIGATION CAPABILITIES...................................43 SECTION 6.0 - MITIGATION STRATEGIES.......................................................................................................................44 6.1 MITIGATION GOALS AND OBJECTIVES......................................................................................................44 6.2 MITIGATION ACTIONS......................................................................................................................................46 6.3 PREVIOUS MITIGATION ACTIONS FROM THE 2017 PLAN.............................................................49 6.4 ON -GOING MITIGATION STRATEGY PROGRAMS..................................................................................50 6.5 MITIGATION PROJECTS....................................................................................................................................52 6.6 FUTURE MITIGATION PROJECTS..................................................................................................................53 SECTION 7.0 - INCORPORATION INTO EXISTING PLANNING MECHANISMS................................................54 SECTION 8.0 - PLAN IMPLEMENTATION AND MAINTENANCE PROCESS......................................................55 SECTION 9.0 - CONTINUED PUBLIC INVOLVEMENT.................................................................................................56 APPENDIX A - PUBLIC NOTICES..........................................................................................................................................58 4 LOCAL HAZARD MITIGATION PLAN 12/21/2023 331 SECTION 1.0 - COMMUNITY PROFILE CITY MAP 21NI �+�..Insyxme F J'J zlrr•_,•1=e.o, 9errri�da'Otirnes wwwlxao w ,.ram. dZ . i}rIIIFAA7 . j� ri� �'��•rx7� •r I I I � �—ax r fr.rww _ RrG'JJIaYy oliR= - =4dlVrru .�lrF� auaraw laua � F �ti f J i # � . - yrcrr,l - _.•fir �I{ X��Yllw 11.1 If�'aa.r.71y�Y..��p9nln wPle4� —_ J _ y 'a�rrn—fie �aAr'IIrI� ,, xvkaan ill 3 y xl.ra.w�r wrrnla2 �@ �t 4 inhan � 71if 6 m �,,.—.� wtir.o� s: A+..n,ar u _•-w,n.anra ,.z-... E w.rti.. sl I! La Quints 11/30/2023 LOCAL HAZARD MITIGATION PLAN 12/21/2023 5 332 1.1 GEOGRAPHY AND CLIMATE DESCRIPTION The City of La Quinta is a corporate city in Riverside County. La Quinta is situated approximately 150 miles northeast of San Diego and 130 miles east of Los Angeles on the desert floor of the Coachella Valley. The valley is flanked on three sides by the Little San Bernardino, Santa Rosa, and San Jacinto Mountains. The protection afforded by the mountains contributes to the arid climate. Average rainfall per year is less than 5 inches total. Low temperatures rarely drop below freezing, while highs during the summer are usually in the triple digits and can reach 120 F degrees: however, it's a "dry" heat. Visitors from colder climates flock to La Quinta and surrounding cities in the Coachella Valley from November to May because of our extremely mild winters. La Quinta's climate can be described as Lower California desert. '-7 i`+ • ate, 4 - L JT 0 S ee, t F .5 F - 1� i. 6 LOCAL HAZARD MITIGATION PLAN 12/21/2023 333 1.2 BRIEF HISTORY The City of La Quinta was organized, formed, and incorporated under the laws of the State of California on May 1, 1982. In 1996, La Quinta voters passed a measure changing the City's status from a general law city to a charter city having the right of governance over its municipal affairs. It has a "Council -Manager" form of government where the City Manager is appointed by the City Council and is the Chief Executive Officer of the Municipal Corporation. The Council acts as the board of directors of the municipal corporation and meets in a public forum where citizens may participate in the governmental process. The City Council consists of five members elected at -large, on a non -partisan basis. Residents elect the Mayor and four Council members, making each accountable to the entire citizenry. 1.3 ECONOMY DESCRIPTION The City of La Quinta, California is a mixed community of residential and businesses with a 2021 population of 37,800 and growing. La Quinta is located about 20 miles east of Palm Springs, California along Highway 111 in the Coachella Valley. The median age of residents is 49.6 years and the median household income is $83,412. La Quinta revenue sources are displayed in the following graphic. s5.'37 —1— Health Care & Socia" Retail Trade Constructfan Assistance ' nand & surance Transportation & "� Manu�acr�iinefIC.F Fo-rasl71. Warehousingh��ar� Fn� a ate• „�dv a.�e% mr Public Administration WN Educational Services IQ5% Accommodation Arts, & Food Services Entertainment, & ReCredtlon wA% Professional. Scientific, &Technical Services AdMinistsative & SUVpeA & Waste Management Services C3 0 I M 0 1301=1 '. M C3 15 I Estate & tal & Fsing 2 IN, The City of La Quinta has 290+ retail stores in its jurisdiction, which includes general merchandise stores, auto dealers, and others. Retail is an integral component in the sustainability of La Quinta's economy through the generation of sales tax revenue. La Quinta's portfolio of hotels & lodges is composed of 18 properties. The mild winters, surrounding beauty, and high profile festivals also generate tax revenue, such as Transient Occupancy Tax, which supplements the economy. La Quinta's unemployment rate of 3.2% in November of 2022 according to the Bureau of Labor Statistics. Historically, La Quinta's unemployment rate has stayed below the national average. 7 LOCAL HAZARD MITIGATION PLAN 12/21/2023 334 1.4 POPULATION AND HOUSING The population of the City of La Quinta, California is estimated at 37,846 in 2021, according to Data USA and SCAG, a website that pulls its facts from various public US Government datasets. Between 2018 and 2021, the total population of the City of La Quinta declined from 41,650 to 37,846, a -9.13% decrease. Not included in the permanent population estimate of 37,846 are seasonal residents who may spend fall, winter and spring in La Quinta. Major golf tournaments held in La Quinta as well as festivals and sporting events held in neighboring cities can also swell the local population by thousands. I. POPULATION, EMPLOYMENT. AND HOUSEHOLDS Population Trend, 2000-2020 450 40.0 35.0 30.0 WE � 30.0 20.10 15,U 10�6 5A 0-0 2000 2005 2010 �La Quinte 29,694 32.556 37,4Z 7 -SCAG 16,516.703 17.541,873 18.051.534 CA D0FF-5 Populatf0n Md HoiVrtg Veld FitfrnatCS 2015 39.240 19.731,901 2020 4-a,s60 19.021.797 19.5 19.❑ 18.5 18.❑ 17,6 17.0 19.5 18.0 15.5 1s.0 La Quinta has a 2020totaI papal atlan of 40,660 including 57 living in group AUartersaocordinigtothe Cehfornia I]epartment of Finance. The char; above tlescrlbes the population trend In L8 Quints from 2000 to 2020. Over tnks perloa Ls Qulnta had an annual growth rate of 2.7% compared to 0.7%far the region - Current Population by Age and Seal 2C00 1.500 1. oaa , 5Q0 0 560 1.000 i, 500 2.040 2.500 ■ Male female Ameikup ComnnmfJ'y gwvL-y 2074-101B S-ymr eslJfFm1m The population of La Quinta Is 49.2% male and 50_A% female_ The share ethe papvlation of La Qulnta which is under IS years of age is 20.8%, which is lower than the regional share of 23-4%. La Qulnta's senhars (65 and above) make up 24.G% of the population, which is higher than the regionar share of 13%: 8 LOCAL HAZARD MITIGATION PLAN 12/21/2023 335 Housing Type Trend 25.06C 2o•000 2 339 2.640 2.8155 ME L445� Singge•Femiry Residential (SFRI MaitiiamiryResidentiol (MFR) 2000 ■ 20D5 ■ 2010 ■ 2015 ■ 2020 CA WF E-S Popahkfon and Hou.Sin Unk ES WWI M 259 2A? 231 231 231 Mobile Homes Over the past two decades (2000-2020}, there has been more construction of single-family residential units than multi family residential units in La Qulnta. When comparing 2000 to 2020. SFR units increased by 3.1,223. MFIR units increased by 2.450, and rnobtle homes decreased by -28, Housing Units by Year Structure Blurt 45h aox, � aa9e 25% F@ 6 20% 4 1 Later 2013 2009 La Qwizte t' I 0-5% L1% 42.45� SC.4G Obi L01A L55% 10.195 AFMPIfmn CaR fflijMt SlJrvfy 1Q1a-2019 5-yilal P3F1MVE.9. 1990- 198& 1970• IWQ� 1950- 1940- 1939& L%9 1989 1979 1989 1959 1949 Earlie• 27,4T1 16-6 k 7.0% LBO, 1.8% O.b9: C.-- . 9.5% lb.0°k 16.3% 14.5% 15.99� 6,99d 9.v ■La Quinta (%F R5+CJAG (%) Examining the age of the ourrent housing stack i5 one way to understand how historical development patterns have contributed to a aitp's farm. The time period where the highest share of La Qwnta's housing units were built is 2000-2009, while in the SLAG region more units were built during 1970-1979 than any outer period. LOCAL HAZARD MITIGATION PLAN 12/21/2023 336 Hausehoxds by Household Size M �Y 50.0% W 4U.Oa a 20.0% il} N r 1 � w — 3 4 5 6 7+ Numbef K People par Household ■Renter ■inter ■Total Costs for MoMt Age Holders by Income Im lb �3 S.U% � ao� r ou C �t� L 440% G7 30% OL 4 M. wwr ww. w- ww. ww. Less than $20.000 520.000taSM.999 535a, to349.999 35QDOOtoST4.999 375�_ I)rmore 0 Ovcr 30% 295 741 715 744 656 r 2a 29'�' 0 31 73 255 1221 z Under209 0 ❑ 14 39 2559 HousehoW Income; Pwertt of Innorne spenT on mo tpge oasts Mortgage -holding iiousehalds in La Quinta can be broken down by income and the percentage of income spent on mortgage costs. As one might expect, the general trend is that lower -income households spend a higher share of income on housing costs. while nigh -income households may spend a lower share of income on housing.The income category most prevalent amongst La Quinta martgege-holding households is $75.000 or more (4.436 households) and the most prevalent share of income spent on mortgage casts is aver 30% (3.152 households). 10 LOCAL HAZARD MITIGATION PLAN 12/21/2023 337 Spending on Rent by Income 100% 909; � 61J`7h 'a 70% 60% m c 50% a 40% 4 30% 209E R 3 9% g' ' 020.29% Lussthan $20,000to s3S,10noto St50,000t❑ $75,000to $100,400or ■<20% %20,OOa $34,999 $49,999 $74,999 599,599 more ■a512% 338 277 49 1-30 7 0 ■ 304T209 209 294 235 77 53 E 20-29`.,, 166 61 97 294 222 3U$ 0{2C% o 22 105 41 112 754 Income Category Amerman Cum rn mJySun" 2014.2*1$5-ymr esdmubns While the previous table breaks downcast burden by area -relative income, the ACS also allDws for the analysis of La Qulnta's 3,990 renter housOolds (for which income data are available) by span ding an rent by income bracRet (dDIlaramounts). As one migtit expem the general trend is that low-income households spend a higher share of income on housing (e.g. over 50%) while hrigh- income households are mare likely to Spend under 20% of income on housing, 1.5 BRIEF STATEMENT OF UNIQUE HAZARDS The most prominent hazards facing the city of La Quinta residents are Drought Earthquakes, Flooding, and Extreme Heat. The proximity of Interstate 10 and the Union Pacific Railroad increases the risk of hazardous materials transportation spills or releases during any of these natural disasters listed. A power outage in the summer could cause life - threatening conditions for those without power or access to air conditioning. Additionally the City of La Quinta may be impacted by a terrorist attack. 1.6 DEVELOPMENT TRENDS AND LAND USE The City of La Quinta seeks to maximize land use to stimulate economic development, expand the hotel/resort/hospitality industry, and support opportunities to create a full spectrum housing inventory. La Quinta, in conjunction with SilverRock Development Company, LLC, has created a development program for SilverRock Resort. The program includes a luxury hotel with branded luxury residential, a lifestyle hotel with branded lifestyle residential, a mixed -use village, a golf clubhouse, and associated road and utility infrastructure. This $420 million dollar project commenced in May 2017. This project was rebranded as the Talus La Quinta in 2021, with the inclusion of two luxury hotels as well as dozens of private homes. In 11 LOCAL HAZARD MITIGATION PLAN 12/21/2023 338 December of 2022, the developer of the TALUS La Quinta luxury resort project announced a retooling of the development due to rising labor, materials, and interest rate costs, allowing the development to remain economically viable. The delays will mean an anticipated opening for Fall 2023 and portions of the resort will now be pushed back to early 2024. The City received funding from Quimby fees; pursuant to the State law, these funds are to be used to acquire new parkland or fund capital improvements at existing recreational and park facilities. As a result, in October 2022, the City of La Quinta, in partnership with the Action Park Alliance, opened the La Quinta X Park, a skatepark offering a fun, safe, and accessible skateboard and BMX facility for the community to enjoy. The City of La Quinta is located in the central portion of the Coachella Valley within the southern region of Riverside County. Although the region can be described as rural, La Quinta constitutes an urbanized area that includes a range of residential, commercial, public facilities and open space land uses. Residential development in the City of La Quinta consists primarily of low -density and resort residential development with scattered medium and high -density development occurring in certain areas of the City. Residential lands take up to 31.7% of the land in the city. Commercial land uses exist across the City and account for approximately 4.4% of the designated use. Commercial land uses generally occur at the intersection of two major travel corridors. Corridors include Highway 111, which runs east -west through the center of the City, is a dense commercial corridor, and the Village Commercial area, which is located north of the Cove residential neighborhood. Commercial land use designation serves to provide retail services in conjunction with major tourist attractions such as golf, dining, and resort facilities. The City's open space land use designation largely consists of golf course development in the urban core and land use preservation in the surrounding hillsides. The City has integrated public and private open space area, including parks and recreational facilities. Recreational open spaces include golf courses, multiple parks, open space associated with the Whitewater River and the La Quinta Channel, and recreational trails and opportunities associated with the Santa Rosa and San Jacinto Mountains. Public facilities such as schools, libraries, fire and police stations are characterized as major community facilities and are located throughout the City of La Quinta. The economic development driven by expanding the hotel resort industry in La Quinta can both enhance the city's prosperity and increase its vulnerability in several ways. While the influx of tourists and investment can stimulate job creation, boost local businesses, and increase tax revenue, it also amplifies the city's reliance on a single industry. This concentration heightens vulnerability to economic downturns, shifts in consumer preferences, and external shocks such as natural disasters or global pandemics, which can devastate the tourism sector and ripple through the broader economy. Additionally, the 12 LOCAL HAZARD MITIGATION PLAN 12/21/2023 339 expansion of hotel resorts may strain resources and infrastructure, exacerbating issues like water scarcity, traffic congestion, and strain on emergency services. Moreover, a heavy reliance on tourism can create disparities in employment opportunities and exacerbate socioeconomic inequalities within the community. Thus, while economic development through the hotel resort industry presents opportunities for growth, it also necessitates careful planning, diversification strategies, and resilience -building efforts to mitigate vulnerability and promote sustainable development in La Quinta. 13 LOCAL HAZARD MITIGATION PLAN 12/21/2023 340 42, I a Wig Figure 1.6.2 City of La Quinta Land Use and Development Trends There are a total of 22,855.5 acres of land within the City's limits. The single largest land mass in the city is designated Open Space, which encompasses 53.3% of the total land area within the city, or 12,192.5 acres of Natural and Recreational Open Space. Residential lands take up 31.7% (7,233.7 acres) of the land in the city, and Commercial lands represent 4.4% (1,005.1 acres) of City lands. 26.9% of residential lands are vacant, while 33.4% of commercial lands are vacant. Approximately 56.4% of lands designated for Major Community Facilities are currently developed (252.7 acres), and 193.8 acres remain available for development. Table 11-3. Land Use Summary City Limits Only Land Use Designation Developed Acres Vacant Acres Total Acres Existing Units Potential Units Total Units Low Density Resrdentia[ - _ - _, :- .- ' 0,$3n 4,752 - _ Z. Medium/Hrgh Density Residential 1,292.4 373-6 1,666.o _. -- 3,3-2 G,•= - Total 5,298.4 1,957.3 7,255.7 -3 =��q 8,114 31,�;c> Existing SF Potential SF Total SF Genera[ 184.0 569.E 3,695,282 1,763,309 5,458,591 Tourist Commercial 2o6.6 i38.9 345.5 1,979,889 1,331,106 3,3i0,996 Village Commercial 77.1 12.9 90.0 738,865 123y623 862,488 Total "119-3 335.8 i,a05-1 6,414,o36 3,218,039 9,632,074 Maior Corn munrty Fa€ilitres 252.? 193_8 446.5 Open Space - Natural 2,171.6 4,761.7 6,933.3 Open Space - Re€reation 4,= :°- - 867•0 5x259-2 Street R rghts-of- Way 1,764.6 191.1 1,955.7 Grand Total 14,548-8 8,3o6.7 22,855-5 *Differences in sums due to rounding. In the Sphere of Influence, there are a total of 8,101.4 acres. 91.3% of land is designated for residential land uses. 3.5% of Sphere lands are designated for commercial land uses, and less than 1% are designated for industrial land uses. There is no designated Open Space land in the Sphere currently. 15 LOCAL HAZARD MITIGATION PLAN 12/21/2023 342 Table II-4 Land Use Summary Sphere -of -Influence Only Land Use Designation Developed Acres Vacant Acres Total Acres Existing Units Potential Units Total Units Low Density Residential 551.5 6,826.6 7,378-1 8a1 20,480 21,281 A+MediumlHigh Density Residential 0.2 24.4 24.6 a 219 219 Total 551-7 6,851.0 7,402.7 801 2o,699 2115Do Existing SF Potential SF Total SF General Commerc 28.6 256.6 285-1 273,760 2,458,797 2,7320557 Total 28.6 256.6 285-1 273,76o 2r458,797 2r732,557 Existing 5F Potential SF Total SF Industrial/Light Manufacturing 63.8 63.8 0 611,408 611,408 Total 63.8 63.8 0 611p4o8 611,408 Major Community Facilities 28.17 1.61 29.8 Street Rights -of -Way 319.93 0 319-9 Grand Total 928.4 7,173.0 8,101.4 *Differences in sums due to rounding. When both City limits and Sphere of Influence are totaled, the entire Planning Area has the potential to generate an additional 28,813 housing units, 25,232 of which would be single family homes, and 3,581 would be multi -family units. At build out, the Planning Area would accommodate 53,103 housing units, 46,867 of which would be single family homes, and 6,236 would be multi -family units. Further, the Planning Area has the potential to generate an additional 5.7 million square feet of commercial space, for a total of 12.4 million square feet of commercial space at build out. Industrial space could total 611,408 square feet of space at build out. 16 LOCAL HAZARD MITIGATION PLAN 12/21/2023 343 Table II-5 Land Use Summary City Limits and Sphere of Influence Land Use Designation Developed Acres Vacant Acres Total Acres Evsth-,� Units potential Units Total Units Law Density Residential 4,557•5 8,410.3 12,967.8 21p635 250-32 46,867 MediumjHigh Density Residential 1,292.6 398-0 1,690.6 2,655 3,581 6,236 Total 5,850.1 8,808.3 14,658-4 24,290 29,913 53PI03 Existing SF potential SF Total SF General Commercial 414.2 44o-6 854.7 3,969,042 4, 22,1o6 8,191,148 Tourist Commercial 206.6 138-9 345.5 1,979,889 1,331,106 3310,996 Village Commercial 77.1 12.9 90.0 738,865 123,623 862,486 Total 697-9 592•4 1,290-2 6,687,796 5,676,835 i2,364,631 industriallLight Manufacturing 0.0 63.8 63.8 - 611,4o8 611,4o8 Major Community Facilities 280.9 195.4 476.3 Open Space - Natural 2,171.6 4,761.7 6,933.3 Open Space - Recreation q 2.2 867-0 2 .2 Street Rights -of- ay 2,084.5 191.1 2,275.6 Grand Total 1 15.477-2 1 15,479.7 30,956-9 *Differences in sums due to rounding. LOCAL HAZARD MITIGATION PLAN 12/21/2023 344 SECTION 2.0 - PLANNING PROCESS 2.1 LOCAL PLANNING PROCESS Representatives from the City of La Quinta worked with the Emergency Services Coordinator as a group in August of 2022 to review past hazards, identify and prioritize appropriate local hazard mitigation strategies and finalize updates to the plan. The following people were involved in the planning process: JURISDICTION/AGENCY POSITION Name City of La Quinta Emergency Services Coordinator Alexander Johnston City of La Quinta Public Safety Deputy Director Martha Mendez City of La Quinta Building Official AJ Ortega City of La Quinta City Engineer Bryan McKinney City of La Quinta Planning Manager Cheri Flores Riverside County Sheriff Lieutenant Lt. Frank Velasco Riverside County Sheriff Sergeant Mark Chlarson Riverside County Sheriff Sergeant Patrick Mushinskie CAL FIRE Battalion Chief Justin Karp CAL FIRE Division Chief Richard Tovar 2.2 PARTICIPATION IN REGIONAL (OA) PLANNING PROCESS The City of La Quinta participated in the Regional LHMP planning process with the Riverside County Operational Area by attending LHMP meetings and public hearings. The City of La Quinta participated in Riverside County workshops, conferences, and meetings, including: • County of Riverside EMD LHMP Kickoff Meeting on 6/15/22 • County of Riverside EMD LHMP Discussion with City of La Quinta 6/23/22 • Coachella Valley Emergency Managers Meetings on 7/12/22, 8/9/22, 9/13/22 • RCEMA Meeting on 7/14/22 • County of Riverside EMD LHMP Jurisdiction Workshop on 8/24/22 • OAPC Meetings 7/28/22, 11/3/22 • National Preparedness Month September 2022. Outreach to the public on emergency preparedness and the local hazards of La Quinta 9/7/22, 9/14/22, 9/20/22, 9/21/22, 9/28/22 In addition, the City of La Quinta has provided written and oral comments on the multi - jurisdictional plan and provided information to Riverside County Emergency Management Department staff. M LOCAL HAZARD MITIGATION PLAN 12/21/2023 345 2.3 DATES AVAILABLE FOR PUBLIC COMMENT The LHMP was introduced and made available for public comment on the City of La Quinta website from January 24, 2023 until February 20, 2023. • The LHMP is available at http://www.laquintaca.gov/businesslsafety/emergency- services • There were no public comments received during the open submission timeframe. 2.4 PLANS ADOPTED BY RESOLUTION Upon approval by FEMA, the LHMP will be presented to the La Quinta City Council in a public meeting for adoption via an official Resolution. SECTION 3.0 - HAZARD IDENTIFICATION AND RISK ASSESSMENT 3.1 ESTIMATING POTENTIAL LOSS The location and operations of high -risk facilities, such as critical infrastructure and key assets in or near the city of La Quinta are a significant concern with respect to a disaster. The Planning team used FEMA's "Public Assistance Guide" (FEMA 322) which defines critical facilities such as shelters, EOCs, data centers, utility plants, or highly hazardous materials facilities. They also used the FEMA Hazard Mitigation Handbook, which describes three categories of facilities for analysis to revise and update the list. 3.2 CRITICAL FACILITIES AND INFRASTRUCTURES Critical Facilities Type Number Emergency Operations Center 1 City Hall 1 Fire Stations 3 Libraries 1 Airports 0 Residential Elderly Facilities 2 Health Care Facilities (Urgent Care) 2 Law Enforcement Facilities (Substation inside City Hall) 1 Maintenance Yards 1 Senior Community Centers (Wellness Center) 1 Schools 6 19 LOCAL HAZARD MITIGATION PLAN 12/21/2023 346 The most vulnerable structures in the City of La Quinta are the two (2) fire stations, City Hall, business structures, industrial sites, and schools. The proximity to the San Andreas Fault is sure to cause damage to any of these facilities in the event of a major earthquake. Figure 3.2.1 Critical Infrastructure `. -r i Legen —High Sal ooL Emergency Operations Cer, _ � 7-son Schaal _ -Qb CFty HaIE �# v Fire Stations -_rrr :F s�1; F - © ubrarlest rlilatATY iti'�" � - Residential EWeriy Facilities Th2 Palms Assrsted L mgng La Ouin#itKigh S„--hood i;81i1!l Care Facll ltl•S Menacry R6- Low Enforcement Facilities S+Igintenance Yards seratagwer HeaFth Care Center Senior Cornmmnity Centers Schools Csleal#ayAAzhetmets _ r ; 4 T osc it Care C erter t ,. r _- K4 LaQuin:zMddlefi e }terry 3_Tmn aralEJemen5ary 3cliaol 1 t i b eft' i' CRrTICAL FACILITIES f D -s_. F.._C '.DEC IC..-`'0C FE-ar LOCAL HAZARD MITIGATION PLAN 12/21/2023 20 347 Figure 3.2.2 Riverside County Assessor's Office Data (2023) Assessed Values Summary • . ' . iUGI hm3s d -10 25,1Z4 $17.95 9 R9n[idlurml 19 1 61. rl I.:I; �J]Illrt!} Renanal Rmplarl'f 512 9173.34M $349,315 comffl&cal W S1.43 9 PJA M AX!idcikiul 22$51 }15.11A Eli3306 7iht&Wakc 195 $21.LlM tiujIa Year aver Year Total Assessed Values 21D19-202m 2420-Im21 2M-2uzz 2022-201) S 07% i ayFv. VAN% LIT2xi 4 404 Q Ck 4 D Map 9BteIke r Tuv.or 3.3 TABLE REPLACEMENT VALUES N %,l %6. 1, 1"Ah WWL Figure 3.1 - Critical Facility Replacement Value for City of La Quinta Name of Asset City Hall & EOC LQFD Station #32 LQFD Station #70 LQFD Station #93 La Quinta Library La Quinta Wellness Center 4 Plplr, .. CA �� Se K 5014 RMa k".4 — I: R Replacement I Contents I Occupancy/ I Hazard Specific Value ($) 1 Value ($) 1 Capacity # Info. $14,536,410 $1,639,440 831 Multi Hazard $2,728,005 $310,500 62 Multi Hazard $1,529,955 $208,035 45 Multi Hazard $2,535,750 $272,205 45 Multi Hazard $5,874,855 $2,250,090 342 Multi Hazard $5,602,275 $279,450 366 Multi Hazard 3.4 IDENTIFICATION OF RISKS AND VULNERABILITIES FEMA guidance identifies several hazards that communities should evaluate for inclusion in a hazard mitigation plan. Communities may also consider additional hazards for their plans. The HMPC reviewed an extensive list of hazards and excluded those that do not threaten the city of La Quinta. Table 4-1 lists the hazards considered and explains the reasoning for inclusion/exclusion. The Steering Committee considered the full range of natural hazards that could affect the planning area and then listed hazards that present the greatest concern. The process 21 LOCAL HAZARD MITIGATION PLAN 12/21/2023 348 incorporated a review of state and local hazard planning documents as well as information on the frequency of, magnitude of, and costs associated with hazards that have struck the planning area or could do so. Anecdotal information regarding natural hazards and the perceived vulnerability of the planning area's assets to them was also used. Based on the review, this plan addresses the following hazards of concern (the order of listing does not indicate the hazards' relative severity): • Drought • Earthquake • Flood • Extreme Heat Hazard Screening and Prioritization Following the identification of hazards, the Planning Team went through a process to prioritize (screen) the hazards to determine which hazards created the most significant concern in the community. The Planning Team utilized a ranking implemented during this update to the City of La Quinta LHMP. This process consists of generating a qualitative scale, Very High, High, Medium, or Low rating for 1) Probability and 2) Severity from each hazard. As part of this process, the following criteria (definitions) were applied: Geographic Extent • Extreme: 50-100 percent of the planning area • Extensive: 25-50 percent of the Planning area • Significant: 10-25 percent of the planning area • Limited: less than 10 percent of the planning area Probability • Very Likely: Near 100% chance of it happening. There have been Historic Occurrences of the Hazard in the community or region, and experts concluded it is highly likely that the hazard will occur in the community. Citizens feel that there is a likelihood of occurrence. • Likely: Between 10 and 100 percent chance of happening in the next year. There may or may not have been historical occurrences of the hazard in the community or region, but experts concluded that it is likely that the hazard will occur in the community. Citizens feel that there is a likelihood of occurrence. • Occasional: Between 1 and 10 percent chance of happening within the next year or has a recurrence interval of 11 to 100 years. There may or may not have been a historical occurrence of the hazard in the community or region, but experts concluded that it is possible that the hazard could occur in the community. Citizens may feel that there is a likelihood of occurrence. • Unlikely: Less than 1 percent chance of happening or has a recurrence interval of greater than every 100 years. There have been no historic occurrences of the hazard OX LOCAL HAZARD MITIGATION PLAN 12/21/2023 349 in the community or region and both experts and citizens agree that it is highly unlikely that the hazard will occur in the community. Severity • Catastrophic: Both experts and citizens have concluded that the consequences will be significant in terms of building damage and loss of life. More than 50 percent of Property severely damaged, shutdown of facilities for more than 30 days; and/or multiple deaths. • Critical: Consequences are thought to be significant in terms of building damage and loss of life. 25-50 percent of property severely damaged; shutdown of facilities for at least two weeks; and/or injuries/illnesses result in permanent disability. • Limited, but not insignificant: Consequences are thought to be modest in terms of building damage and loss of life, limited either in geographic extent or magnitude. 10- 25 percent of property severely damaged; shutdown of facilities for more than a week; and/or injuries/illnesses treatable do not result in permanent damage. • Negligible: Consequences are thought to be minimal in terms of building damage and loss of life, limited either in geographic extent or magnitude. Less than 10 percent of the property Severely damaged, shutdown of facilities and services for less than 24 hours; and/or injuries/illnesses treatable with first aid. Risk • High: Widespread potential impact • Medium: Moderate potential impact • Low: minimal potential impact Figure 3.4.1 - Critical Facility Replacement Value for City of La Quinta Hazard Geographic Probability of Future Occurrence Magnitude/ Severity Risk Drought Extreme Occasional Critical Low Earthquake Extreme Very Likely Catastrophic High Flood Significant Likely Critical High Extreme Heat Extreme Likely Critical High 1. Drought The city of La Quinta faces moderate drought risk, stemming from its arid climate and reliance on limited water resources. With its semi -desert environment and high temperatures, the region is particularly vulnerable to water scarcity, exacerbated by increasing population growth and agricultural demands. The historic depletion of 23 LOCAL HAZARD MITIGATION PLAN 12/21/2023 350 groundwater reserves, coupled with erratic precipitation patterns and the looming threat of climate change, further compounds the risk. Drought conditions not only impact local agriculture, a vital economic sector, but also strain water supplies for residents, businesses, and ecosystems alike. Moreover, the valley's dependence on imported water sources, such as the Colorado River, underscores the need for sustainable water management practices and proactive drought mitigation efforts. Addressing the Coachella Valley's drought risk requires a multifaceted approach, encompassing water conservation measures, innovative technologies, community engagement, and long-term planning to safeguard against the adverse impacts of water scarcity and ensure the resilience of the region's economy and environment. Likelihood of occurrence: Likely: Between 10 and 100 percent chance of happening in the next year. Figure 3.4.2 La Quinta Drought Hazard Map Map released: Thurs. January 1Z 202 Data valid: Januaty 10, 2023 at l an. EST Intensity None DO;normslly dry) D1 WQderate Drvu&l D2 {Severe Drought) _ D3 (E xtreme Drought) DdjEkrept+onal DFCL% ita NO WEE 24 LOCAL HAZARD MITIGATION PLAN 12/21/2023 351 History: Figure 3.4.3 History of drought in Riverside County Historical Conditions for Riverside County tD. :595 Prrsent a 2017 3i(wWoe! NW4: F1018_ Ea ,J ACSCt.GW j C.,UVry-- 1 All �. The U.S. Grou0c MwirofQW0•pwwmthdep;m the Iocackmand Intenwyaldrauppurmlhecounlry_Every Thurway.sukhm irarn NCUUk, USCA arse Ilse Natleeal Urnta& wltWt nn CNrAef pradoee a new msp based en Ihe:r avAftmenls of the best W"hidhm dAti ffld inputi1nuhk .al olrtrr ss. The Mapust&Ave U.S. brwght Mamkw {sr#?ArL CMrl"NIFPip4M[,IhOurhnIarrastlrplrflsperr1aimd ir4p*fOrco-ink wcQ(Offtzbca+dlw!r6wthofdrovlsl MI- _ -041.Learnmor.,, W Di C# Ds D4 d.11 kll.! r i-: Drought Vulnerabilities assessment: Likelihood of future occurrence: Occasional Vulnerability -Medium- Moderate potential impact. This ranking carries a moderate threat level to the general population and/or built environment. Here the potential damage is more isolated and less costly than a more widespread disaster. Critical infrastructure at risk: Although Drought does not directly affect critical infrastructure, its secondary impact would affect the entire Planning Area including all of the critical facilities. Table 3.2.1 and 3.3 Identifies the critical facilities within the planning area. Overall Community Impact: Droughts inflict a multitude of challenges on communities, rippling through various facets of life. As water sources dwindle, municipalities enact strict rationing measures, impacting everything from drinking water availability to agricultural 25 LOCAL HAZARD MITIGATION PLAN 12/21/2023 352 irrigation. Food security plummets as prices soar and shortages loom, particularly affecting vulnerable populations. Beyond tangible losses, health risks surge due to compromised water quality and intensified heatwaves, straining healthcare systems and exacerbating existing ailments. Environmental degradation follows suit, with ecosystems suffering from diminished water levels and heightened wildfire risks. The city of La Quinta has a large number of seasonal residents which can increase the population during the winter months. Additionally, major events can draw visitors from all over, temporarily increasing the city's population. It is unknown how many people would be impacted. 2. Earthquake The City of La Quinta is at high risk for earthquake due to being located in the Southern San Andreas Seismic Hazard Zone. The San Andreas Fault is less than 10 miles to the north and east and can produce very high levels of shaking in the entire Coachella Valley. An earthquake occurring in or near this area could result in property damage, environmental damage, and disruption of normal government and community services and activities. The effects could be exacerbated by collateral damage such as fires, flooding, hazardous materials spills, utility disruptions, landslides, transportation failures, and possible dam failures. Likelihood of occurrence: Very Likely: Near 100% chance of it happening. History: Ground shaking was experienced in the city during these high magnitude events. • The Imperial Valley Earthquake on 05/18/1940 was a magnitude 6.9 and occurred 79.7 miles away from La Quinta City Hall. • The Imperial Valley Earthquake on 10/15/1979 was a magnitude 6.5 and occurred 92.5 miles away from La Quinta City Hall. • The Landers Earthquake on 6/28/1992 was a magnitude 7.3 and occurred 38.1 miles away from La Quinta City Hall. • The Hector Mine Earthquake on 10/16/1999 was a magnitude 7.1 and occurred 59.8 miles away from La Quinta City Hall. Coachella Valley complex fault system I. LOCAL HAZARD MITIGATION PLAN 12/21/2023 353 Figure 3.4.4 Coachella Valley Complex Fault System - •S""l�Js�usr f:tTil � I n �ari{�� 'auiln �� x-F�°—^I,I Tu a�I�dIIr ZS+a�vy�f�w1 jy , 24I7 Earthquake Vulnerabilities assessment: Likelihood of future occurrence: Very Likely Vulnerability- High- Widespread potential impact. This ranking carries a high threat to the general population and/or built environment. The potential for damage is widespread. Hazards in this category may have occurred in the past. 27 LOCAL HAZARD MITIGATION PLAN 12/21/2023 354 Figure 3.4.5 - City of La Quinta Earthquake Map F1i y .r ? S �J 1' I 5 ! �• Figure 3.4.6 La Quinta Earthquake Hazard Map 2023 LA--g"d Seismic Hd�!.lr[1s �thq�I,nPodooel l6pe 7nm61Yly _ Nn'Rlyi � b�I IItrJ lMn i �rrr.r ur rr. lgr�eam sn�etA+ � iiMt `..d.I.i.g4�+Yr4��rrH ieS+.w .wll�wwwl��Mlw��x,Mwrfr w�rawlrr Ar�� Adw,.n �N.rrlb ,.rcw�rw iar i1flrbW.f paY..r..� —'Ew�h�tpn mYll lYr in M1 � Iwi Y! R ]lN S Se�la i.77.oW p.�yl� �..:5 •.�.I,Ma of ter. W W. Hwi !. �i.: ruRsl ltnriw ipN �a JG16 Critical infrastructure at risk: A magnitude 7.1 or greater earthquake would impact the entire Planning Area including all of the critical facilities. Table 3.2.1 and 3.3 Identifies the critical facilities within the planning area. 28 LOCAL HAZARD MITIGATION PLAN 12/21/2023 355 Overall Community Impact: An earthquake measuring 7.0 or greater on the Richter scale can unleash widespread devastation, profoundly impacting communities in its wake. The seismic force shatters buildings, roads, and infrastructure, leaving neighborhoods in ruins and disrupting essential services. Lives are tragically lost, and many more are injured, exacerbating the immediate human toll. Displacement becomes rampant as homes become uninhabitable, forcing residents into makeshift shelters and exacerbating social upheaval. Economic losses mount as businesses grind to a halt, with livelihoods shattered and employment prospects bleak. The psychological toll is immense, as survivors grapple with trauma and uncertainty in the aftermath of the disaster. As communities rally to rebuild, they face daunting challenges, from restoring critical infrastructure to providing support for the displaced and grieving. Yet, amidst the devastation, stories of resilience emerge, as neighbors band together, aid pours in, and communities forge a path toward recovery, determined to rebuild stronger and more resilient in the face of future seismic threats. The city of La Quinta has a large number of seasonal residents which can increase the population during the winter months. Additionally, major events can draw visitors from all over, temporarily increasing the city's population. It is unknown how many people would be impacted. 3. Flood The City of La Quinta is at high risk for flood. The city has experienced damage from numerous greater than 100- year flood events in the past and will continue to have future damage from flooding without mitigation action. Heavy rains can lead to problems with storm drainage and create localized flood problems. There are several flooding problem areas in the City during greater than 100-year flood events. These areas are primarily a result of: 1) clogged or plugged catch basin inlets due to debris (plastic trash bags, grass and leaves); 2) 100-year sized pipe capacity from the catch basins into the dry wells, where the runoff exceeds the pipe capacity. There are also locations with low water crossings that are susceptible to flash flooding. Likelihood of occurrence: Very Likely: Near 100% chance of it happening. History: The majority of the damage that occurs due to flash flooding is located along the White - Water River at Dune Palms Road and along the Evacuation Channel along Avenue 50. Q LOCAL HAZARD MITIGATION PLAN 12/21/2023 356 Figure 3.4.7 City of La Quinta Flood Zone Hazard Map Floo-d "=*rd i> -"a No actly* w] b_77 A.u,�d fl�en[nrwo Nrurii 17F+KI-1 L'lv ► -1 Huaw 'S ►ulsiy CEndkw' f load YVWiG I�II.Msy rl..wln�f 'JpacliiT[ood:i�} Courft 2uundarias loaWcL m county for da{a on 2aCRO IMIestonj Earthquake Vulnerabilities assessment: Likelihood of future occurrence: Very Likely Vulnerabilities: Medium —Moderate potential impact. This ranking carries a moderate threat level to the general population and/or built environment. Here the potential damage is more isolated and less costly than a more widespread disaster. all LOCAL HAZARD MITIGATION PLAN 12/21/2023 357 Figure 3.4.8 City of La Quinta FEMA Flood Zones and Flood Control Facilities r�rYar�iY .�� 1 .. �Iik LlYYi_ ' n er++4 IV. PIMA Fload Zones and Flout Control Facililirt, - l•�+nniid a.Y+r,... IY1 M"•eM� � �~ iW.YYF ir#YtM! ��`Yi 4n Y••� •1J YY.iwrn.I�11F� �� ® •y r��Yrr YJ TY��w�M+STY �� x1��.Y.•-'YYM1r-tL 4x1�.--.T,-.�I.Y4 rr� �rt Wt I4 ��xr��e�.00u Critical infrastructure at risk: In La Quinta, California, critical infrastructure vulnerable to flooding includes an intricate network of stormwater drainage systems designed to manage runoff during heavy rainfall and prevent localized flooding. The city must also safeguard its roads, bridges, and transportation networks to ensure connectivity and facilitate emergency response efforts. Additionally, wastewater treatment facilities and sewer systems are crucial components that require protection from flood damage to prevent contamination of waterways and ensure public health. Utilities infrastructure, including power substations and water treatment plants, is also at risk during flood events, potentially disrupting essential services for residents and businesses. Emergency response centers, such as fire stations and hospitals, must be safeguarded to maintain critical services during and after flooding. Moreover, critical facilities like schools and government buildings need protection to ensure the safety of occupants and the continuity of essential services. With a comprehensive approach to flood risk management, including infrastructure upgrades, floodplain management regulations, and emergency preparedness planning, La Quinta endeavors to mitigate the impact of flooding on its critical infrastructure and ensure the resilience of the community. Overall Community Impact: Flooding in La Quinta, California, yields significant community impacts across various fronts. Homes and businesses face inundation, leading to property damage and displacement for residents. Vital infrastructure, including roads, bridges, and stormwater drainage systems, can sustain damage, disrupting transportation networks and emergency services. Wastewater treatment facilities are vulnerable to flooding, posing risks of contamination to water supplies and public health. Local businesses may suffer economic losses from disruptions to operations, while residents grapple with financial strain and the emotional toll of displacement and property damage. Moreover, the social fabric of the community may be strained as residents' band 31 LOCAL HAZARD MITIGATION PLAN 12/21/2023 358 together to support one another through recovery efforts. Long-term effects include the potential for increased insurance costs and decreased property values in flood -prone areas. Through proactive measures such as floodplain management, infrastructure improvements, and community outreach, La Quinta strives to mitigate these impacts and enhance its resilience to flooding events. The city of La Quinta has a large number of seasonal residents which can increase the population during the winter months. Additionally, major events can draw visitors from all over, temporarily increasing the city's population. It is unknown how many people would be impacted. 4. Extreme Heat The City of La Quinta is at high risk for extreme heat. experiences summer temperatures that can reach over 120°F and four months of the year have an average temperature over 100°F. These months include: June (102.3°F), July (106.9°F), August (105.7°F) and September (101.5°F). La Quinta participates with the Riverside County Community Action Partnership department to plan for extreme heat conditions and has a cooling station located at the La Quinta Wellness Center which is located at: 78450 Avenida La Fonda, La Quinta, CA 92253. The City also experiences high wind events that cause downed trees and blowing sand which lead to road hazards, property damage and power disruptions. Likelihood of occurrence: Very Likely: Near 100% chance of it happening. History: Figure 3.4.9 National Weather Service (NWS Heat Index, January 2023) S 2 *4 a a NWS Heat Index Temperature (OF) 84 82 84 86 88 90 92 94 96 98 100 102 104 106 108 110 40 80 81 83 85 88 91 94 97 101 45 80 82 84 87 89 93 96 100 MX 109 114 119 124 130 137 50 61 83 85 88 91 95 99 103 108 113 118 124 131 137 55 81 84 86 89 93 97 101 y106 112 117 124 $ 30 137 50 82 84 88 91 95 100 105 110 116 123 129 137 85 82 85 89 93 98 103 108 114 121 128 136 70 83 86 90 95 100 005 112 119 125 134 75 84 88 92 97 109 116 124 1132 80 84 89 94 100 106 113 121 129 85 85 90 96 102 110 117 '126 135 90 86 91 98 10T 113 1{# 131 95 86 93 100 108 117 127 100 87 95 103 LIUL121 132 Likelihood of Heat Disorders wth Prolonged Exposure or Wenuous Actmty 32 LOCAL HAZARD MITIGATION PLAN 12/21/2023 359 Figure 3.4.10 NSW Monthly Summarized Data for Max Temperature 2019-2024 -Monthly Highest -lax Temperature for Palm Spiings Area, CA (rhreadEf) Click colL]v]n heading to sort ascending, cliff again to soa descending. 'Year Jun Feb NIsr Apr 14MV Jnn I Jul Aug Sep Oct NGv Dvc AbauaI 2019 79 80 88 104 100 116 lIs 121 114 I 102 95 75 121 2020 &2 89 R7 106 In 115 127- 120 1n. 113 98 84 122 2021 90 96 96 109 1Q 123 120 12-1 113 101 94 91 123 2022 R1 93 101 116 116 114 81 83 118 96 I 168 I 11d 1fl3 2023 74 1 79 84 106 J I05 I 1I3 .120 I18 .II5 108 91 84 120 2024 92 1 77 M M 1+d M M M hd M M M 91 Mean 61 84 90 105 j F05 1 lid 119 119 116 105 92 83 114 90 93 96 109 111 123 122' 122 122 113 98 91 123 2021 2022 2022 20211 =0 '021 2020 2021 1020 2020 2020 2011 2021 ! 74 77 84 100 113 116 116 113 101 81 75 82 101 NMI& 2023 2024 2023 2022 2019 G 2023 2022 2022 2MI 2021 2022 2019 2024 Heat Wave Vulnerabilities assessment: Likelihood of future occurrence: Very Likely Vulnerabilities: High- Widespread potential impact. This ranking carries a high threat to the general population and/or built environment. The potential for damage is widespread. Hazards in this category may have occurred in the past. Critical infrastructure at risk: During a heatwave in the city of La Quinta, critical infrastructures at risk include the power grid, which may struggle to meet increased demand for air conditioning, leading to potential power outages. The water supply infrastructure faces challenges in maintaining adequate supply and pressure, potentially resulting in shortages or distribution issues. Transportation networks are at risk due to pavement damage and potential delays in public transit systems. Healthcare facilities may experience higher admissions due to heat -related illnesses, while emergency services could face increased demand. Communication infrastructure may suffer disruptions, and buildings without proper cooling systems, such as schools and shelters, pose health risks to occupants. Additionally, natural ecosystems may be stressed, impacting wildlife and increasing the risk of wildfires. These challenges underscore the importance of preparedness and resilience strategies to mitigate the impacts of heatwaves on critical infrastructure in La Quinta. Overall Community Impact: During a heatwave in the city of La Quinta, the overall community impacts are significant and multifaceted. High temperatures pose health risks to residents, particularly vulnerable populations such as the elderly, children, and those with pre-existing health conditions, leading to increased cases of heat -related illnesses and potential fatalities. Economic impacts arise from decreased productivity, disrupted tourism and hospitality industries, and increased energy demands, along with potential damage to infrastructure like roads and buildings. Social impacts include heightened stress and discomfort, strain on community resources such as cooling centers and emergency services, and potential displacement or temporary migration of residents seeking relief from the extreme heat. Additionally, heatwaves exacerbate environmental challenges, such as water scarcity, 33 LOCAL HAZARD MITIGATION PLAN 12/21/2023 360 wildfires, and ecosystem stress, further affecting the quality of life and resilience of the community in La Quinta. Efforts to mitigate these impacts through effective heatwave preparedness, public education, and community support systems are essential for safeguarding the well-being of residents and promoting resilience in the face of climate -related challenges. The city of La Quinta has a large number of seasonal residents which can increase the population during the winter months. Additionally, major events can draw visitors from all over, temporarily increasing the city's population. It is unknown how many people would be impacted. Table 3.4.11 Hazards Excluded Hazar Reason for Exclusion Excluded 11 Aqueduct The city does not have an aqueduct that could cause flooding or potential inundation. Covered in MJLHMP Section 5.3.16 Avalanches The City does not have sufficient snowfall to have avalanche as a hazard Civil While civil disturbances occur from time to time, there are Disturbance other avenues outside of this Plan Update to address this hazard. Covered in MJLHMP Section 5.3.1 Cold Wave There are low numbers of freeze events in the city. Covered in MJLHMP Section 5.3.13.2 Cyber Threats While the potential for cyber threats exists, there are other avenues outside of this Plan Update to address this hazard. Covered in MJLHMP Section 5.3.6 Hazmat While hazardous materials releases can occur, there are other Incidents avenues outside of this Plan Update to address this hazard. Covered in MJLHMP Section 5.3.22 Hurricane While hurricane can occur along the coast, there have been no instances where it has caused a significant impact on the city. Insects Pests While pests and diseases from insects can occur, there have and Diseases been no instances where it has affected the city. Covered in MJLHMP Section 5.3.18 Nuclear While radiological accidents may occur, there are other Incident avenues outside of this Plan Update to address this hazard. Covered in MJLHMP Section 5.3.12 Pandemic While the potential for a pandemic exists, there are other avenues outside of this Plan Update to address this hazard. Covered in MJLHMP Section 5.3.2 Pipeline While hazardous materials releases can occur, there are other avenues outside of this Plan Update to address this hazard. Covered in MJLHMP Section 5.3.20 Tornado While tornados can occur, there have been no instances where it has affected the city. Covered in MJLHMP Section 5.3.17 Transportation While transportation incidents can occur, there are other avenues outside of this Plan Update to address this hazard. Covered in MJLHMP Section 5.3.14 34 LOCAL HAZARD MITIGATION PLAN 12/21/2023 361 Volcano Due to the distance from volcanoes, and the limited chance of an eruption, volcano was excluded from consideration. Winter While winter weather/storms can occur, the associated Weather hazard comes from flooding and will be addressed in that hazard. Covered in MJLHMP Section 5.3.13 SECTION 4.0 - COMMUNITY RATING SYSTEM 4.1 REPETITIVE LOSS PROPERTIES We have no repetitive loss properties relating to flood in the City of La Quinta. C,WMLRV01110F:11131[1I11111►14"11,7:1►[MDIU:Z11UN1"401Pk7 4.2.1 Describe participation in NFIP, including any changes since previously approved plan. The City of La Quinta has participated in the National Flood Insurance Program since 1985. 4.2.2 Date first joined NFIP. The City of La Quinta joined the NFIP on July 1, 1985. 4.2.3 Identify actions related to continued compliance with NFIP. The City of La Quinta has filed and received numerous Letters of Map Revision from FEMA. Nearly the entire City is now out of the Flood Hazard Area. The latest revision was the Letter of Map Revision dated April 20, 2017, Case No. 10-09-0021V. (See Appendix A for the current Letter of Map Revision) 4.2.4 CRS member? The City of La Quinta is not a Community Rating System (CRS) member. 4.2.5 CRS class? N/A 4.2.6 Describe any data used to regulate flood hazard area other than FEMA maps. None 4.2.7 Have there been issues with community participation in the program? No. 4.2.8 What are the general hurdles for effective implementation of the NFIP? None so far. 4.2.9 Summarize actions related to continued compliance with NFIP (c-2 and c-4) None. 4.2.10 Repetitive Loss Properties None. 4.2.11 Purchase of Insurance. N/A 35 LOCAL HAZARD MITIGATION PLAN 12/21/2023 362 SECTION 5.0 - CAPABILITIES ASSESSMENT The purpose of this section is to capture the different resources available to the City of La Quinta in support of mitigation. To efficiently demonstrate these resources, this section has been organized by: Mitigation Governance Resources; Technical Resources; and Fiscal Resources. The city regularly assesses and evaluates the effectiveness of its governance and incorporates changes to help meet the intended goal. 5.1 REGULATORY MITIGATION CAPABILITIES There are a variety of governance that are directly related to or influence mitigation efforts. This governance falls under: 1) Laws, Regulations, Codes, and Ordinances; 2) Plans, Studies, and Reports. The City will continue to ensure that necessary regulations are put in place relating to building codes, ordinances, and state and federal requirements. Table 5.1.1 Regulatory Mitigation Governance Capabilities Active Comments/ Ability to Support Regulatory Tool Yes/No Mitigation General plan Yes The 2035 LQ General Plan was adopted in 2013. Hazard mitigation is supported by the General Plan. Specifically, policies that ensure that the City of La Quinta minimizes the effect and damage of any possible natural or man-made disasters are summarized in Chapter 4: Environmental Hazards. This chapter also outlines the policies of coordinating with other local authorities in ensuring hazard mitigation by preparedness and communication. Zoning ordinance Yes May 2021 Zoning Ordinance Map and Municipal Code Title #9. Mitigation actions that are not outlined in the ordinance can be incorporated into the Zoning ordinance by the planning director or designee with Planning Commission, City Council, and public a royal. Subdivision ordinance Yes Title #13 Mitigation actions that are not outlined in the ordinance can be incorporated into the Subdivision ordinance by the planning director or designee with Planning Commission, City Council, and public approval. 791 LOCAL HAZARD MITIGATION PLAN 12/21/2023 363 Site plan review requirements Yes Title #13, Section 13.12.070 Mitigation actions that are not outlined in the ordinance can be incorporated into the Subdivision ordinance by the planning director or designee with Planning Commission, City Council, and public a royal. Growth management ordinance No Title 120; Chapter 120.01-120.06 Floodplain ordinance Yes Chapter 8.11 Mitigation actions that are not outlined in the ordinance can be incorporated into the Subdivision ordinance by the planning director or designee with Planning Commission, City Council, and public approval. Other special purpose ordinance Yes Water Conservation Ordinance, Multi - (storm water, water conservation, Species Habitat Conservation Plan, Storm wildfire) water - Revised: January 2015; Building code Yes Title #8 Mitigation actions that are not outlined in the ordinance can be incorporated into the Subdivision ordinance by the planning director or designee with Planning Commission, City Council, and public approval. Fire Department ISO rating Yes ISO Rating: 4 Erosion or sediment control Yes PM10 Regulations, SWPPP program Stormwater management program Yes Revised: January 2015; Capital improvements plan Yes Five -Year Plan, updated annually The Capital improvements plan is updated on a continuous basis and can incorporate hazard mitigation by including construction or upgrades of City infrastructure and facilities. Economic development plan Yes The City of La Quinta economic development plan can incorporate hazard mitigation related to new business attraction and business growth in the city. Last lan update was in 2015. Local emergency operations plan Yes Last update of the EOP was May 2010. The Emergency operations plan can be revised on an ongoing basis to include hazard mitigation through training and preparedness. Other special plans N/A Flood Insurance Study or other Yes FEMA Flood Insurance Study, 2017 engineering study for streams Whitewater River Flow 37 LOCAL HAZARD MITIGATION PLAN 12/21/2023 364 5.2 ADMINISTRATIVE/TECHNICAL MITIGATION CAPABILITIES The City of La Quinta has experts that can be used in support of mitigation efforts including public safety and fire suppression capabilities. The city has access to staff with skills in Engineering/Construction, Planning, Environmental, Economic Development, Debris Removal, and Emergency Management. As with many jurisdictions, the City of La Quinta partners with a third -party vender to increase its technological capabilities Table 5.2.1 is a list of City Departments that can have a role in activities related to hazard mitigation. Figure 5.2.1- Administrative Capabilities Active Department/ Ability to Support Personnel Resources Yes/ No Position Mitigation Planner/engineer with Yes Planning The Planning Director and knowledge of land Manager City Engineer can make development/land management recommendations and practices draft updates to incorporate hazard mitigation related to new or existing land development into City Code and City activities. Engineer/professional trained Yes City Engineer The City Engineer can in construction practices and Building make amendments or related to buildings and/or Official suggestions for the infrastructure implementation or revision of hazard mitigation pertaining to building and infrastructure construction. Planner/engineer/scientist with No N/A The City Engineer or an understanding of natural Building Official can hazards improve current and future practices to better mitigate the effects of natural disasters. Personnel skilled in GIS Yes Design & Planning department staff Development skilled in GIS can implement technological solutions to hazard mitigation such as tools W. LOCAL HAZARD MITIGATION PLAN 12/21/2023 365 for increased awareness of potential local hazards. Full-time building official Yes Building The Building Official can Official bring mitigation activities pertaining to the structural safety of buildings to City attention. Floodplain manager Yes Design & The Public Works Development department can implement hazard mitigation pertaining to floodplain management such as updating the Flood lain ordinance. Emergency manager Yes Sr. The Emergency manager Emergency can support all City Management departments with Coordinator continuous mitigation preparedness and implementation. The emergency manager can also provide City staff and residents with emergency preparedness training and information. Other personnel Yes NAI Grant writer (Contracted) GIS Data -Land use Yes Design & Development GIS Datalinks to Assessor's data Yes IT & Customer Service Center Management Warning Systems/Services Yes Emergency The Fire department and (Reverse 9-11, outdoor warning Services Fire emergency management signals) & Law department can cooperate to Enforcement update emergency processes and ensure interoperability in times of crisis LOCAL HAZARD MITIGATION PLAN 12/21/2023 . ^. 5.3 FISCAL MITIGATION CAPABILITIES City of La Quinta has allocated to and accounted for various funds based on needs and means by which spending activities are controlled. City of La Quinta will continue to Identify additional funding opportunities that can be expanded upon for mitigation. Previously hazard mitigation grants have not been utilized to complete any projects that have been identified by the hazard mitigation planning team. Table 6.3.1 identifies financial tools or resources that the City could potentially use to help fund mitigation activities. Figure 5.3.1 Fiscal Mitigation Capabilities Table Accessible/ Eligible to Use Financial Resources Yes No Comments Community Development Block Yes Parks & Boys and Girls Club Grants Capital improvements project Yes Capital improvements project funding funding can be used for infrastructure improvements that mitigate the effects of potential hazards. Authority to levy taxes for specific Yes With voter approval purposes Fees for water, sewer, gas, or electric No services Impact fees for new development Yes Incur debt through general obligation Yes With voter approval bonds Incur debt through special tax bonds Yes With voter approval Incur debt through private activities No Withhold spending in hazard prone N/A areas Other N/A Unrestricted general fund reserves & general fund emergency reserves - with council approval 40 LOCAL HAZARD MITIGATION PLAN 12/21/2023 367 5.4 MITIGATION OUTREACH CAPABILITIES The City of La Quinta has been training residents in the FEMA Community Emergency Response Team (CERT) training program since 2007 and has trained approximately 200+ residents in earthquake and disaster response. The City of La Quinta currently has over 20 active CERT members. The city also has purchased a fully equipped CERT Response Trailer to assist with community response and recovery following a major earthquake, flood or other disaster. The City's CERT trained volunteers will work within their neighborhoods and assist the La Quinta Fire and Police responders with light fire suppression, light search & rescue, triage, and first aid treatment of disaster victims. The use of CERT trained volunteers helps to mitigate the effects of a major earthquake, flood, fire, public health emergency, terrorism related event, or other community emergency. The City of La Quinta also honors National Preparedness Month which is every September. This is a nationwide effort to remind citizens in promoting disaster and emergency preparedness. Lots of community outreach is held each September, by giving away emergency preparedness literature, emergency kits, and promotion of the city's alert and warning system. La Quinta also works closely with the Radio Amateur Civil Emergency Services (RACES) volunteers to conduct monthly radio disaster net tests with neighboring cities and County EMD, American Red Cross, Desert Sands Unified School District and Eisenhower Medical Centers. The City's partnership with the Riverside Sherriff's Office has also helped coordinate efforts with La Quinta's Citizens on Patrol. The City of La Quinta partners with the Riverside County Fire Department and Riverside County Sheriff's Department to share relevant and timely advice on potential environmental or social hazards, to prepare and advise residents on actions that address preventable consequences. The City of La Quinta provides resources and staff to these departments' outreach efforts such as National Night Out and Coffee with a Cop events. Table 5.4.1 Mitigation Education/Outreach and Partnerships Name Description (Effect on Hazard Mitigation) Lead Or anization CERT The City of La Quinta City of La trains residents in Quinta and emergency preparedness Riverside and hazard mitigation County through Community Emergency Emergency Response Management Team (CERT) classes Department that are available to (EMD) residents twice a year. 41 LOCAL HAZARD MITIGATION PLAN 12/21/2023 368 The Great Shakeout The City Participates in City of La the annual Great Quinta Shakeout Exercise the city promotes the Riverside County County readiness app (RivCo Ready). Riverside Emergency/Disaster county EMD Readiness App Emergency Management Site hosts City Website information on earthquake City of La preparedness, heat risk, Quinta warming/cooling centers, floods, and fires. Nixle emergency notify residents in City of La notification system advance of any Quinta impending severe weather event and/or incident within the city. RACES The City of La Quinta RACES and partners with Radio Riverside Amateur Civil County EMD Emergency Service (RACES). 5.5 MITIGATION FUNDING OPPORTUNITIES The City of La Quinta has the same funding opportunities as Riverside County Operational Area. • Measure A - Measure A is generated by a Riverside County one-half percent sales tax approved by the voters in 1989. This money is used to maintain and construct local streets and roads. • Air Quality Management District - Revenues received resulting from Assembly Bill 2766, which imposed an additional registration fee on motor vehicles. These revenues are used to reduce air pollution from motor vehicles. • Grants - The City of La Quinta receives various grant funds from various local, state, and federal agencies. These grants include funding for various programs. • Gas Tax - Revenue received from a tax imposed on the sale of gas. Gas Tax funds are the most flexible transportation -related funding source. Gas Tax funds are used for various transportation purposes, including street -related projects, construction, or maintenance. 42 LOCAL HAZARD MITIGATION PLAN 12/21/2023 369 5.6 EXPANSION OF AND IMPROVEMENT ON MITIGATION CAPABILITIES There are a multitude of methods and processes that a jurisdiction may use to improve upon current capabilities to mitigate emergencies or disasters. The City of La Quinta has identified the below to support this thought process. Regulatory/Governance: The city of La Quinta has demonstrated a commitment to expansion and improvement through various regulatory and governance initiatives. One example is the implementation of zoning regulations and land use policies that promote sustainable growth and protect natural resources. By establishing clear guidelines for development, the city can manage urban sprawl, preserve green spaces, and enhance the overall quality of life for residents. Additionally, La Quinta has invested in infrastructure improvements such as upgrading transportation networks, expanding public amenities, and enhancing utility services to support the growing population and economic activity. Moreover, the city has prioritized community engagement and transparency by involving residents in decision -making processes, hosting public forums, and utilizing technology to enhance communication and access to information. These efforts underscore La Quinta's commitment to responsible governance, long-term planning, and creating a resilient and inclusive city for current and future generations. Administrative/Technical: The city of La Quinta has pursued expansion and improvements in administrative and technical domains through various initiatives aimed at enhancing efficiency, transparency, and service delivery. One notable example is the implementation of advanced technological solutions to streamline administrative processes and improve citizen engagement. By investing in digital platforms for online service delivery, electronic permitting systems, and data analytics tools, La Quinta has modernized its operations, reducing paperwork, expediting decision -making, and increasing accessibility for residents and businesses. Furthermore, the city has prioritized professional development and training programs for its workforce to ensure proficiency in utilizing these technologies effectively. Additionally, La Quinta has strengthened its administrative capacity by adopting best practices in financial management, budgeting, and performance evaluation, promoting accountability and prudent stewardship of public resources. These administrative and technical advancements underscore La Quinta's commitment to innovation and excellence in governance, fostering a responsive and forward -thinking municipal administration. Fiscal: The city of La Quinta has made significant strides in expanding and improving its fiscal management practices, exemplified by several key initiatives. One notable example is the implementation of strategic budgeting processes aimed at aligning financial resources with community priorities and long-term goals. Through robust financial planning, La Quinta has enhanced transparency and accountability, ensuring that taxpayer dollars are allocated efficiently and effectively. Moreover, the city has pursued innovative revenue -generation strategies, such as public -private partnerships and targeted economic development incentives, to diversify its revenue streams and bolster fiscal resilience. Additionally, La Quinta has prioritized prudent fiscal policies, including maintaining healthy reserve levels and adhering to stringent debt management practices, to safeguard against economic uncertainties and fiscal 43 LOCAL HAZARD MITIGATION PLAN 12/21/2023 370 shocks. These fiscal improvements demonstrate La Quinta's commitment to responsible stewardship of public funds and lay a foundation for sustainable growth and prosperity for the community. Outreach: The city of La Quinta has undertaken a proactive approach to expand and improve its outreach efforts, exemplified by various initiatives aimed at fostering community engagement and participation. One notable example is the establishment of diverse outreach programs and platforms designed to reach residents across different demographics and geographic areas. Through community forums, neighborhood meetings, and online surveys, La Quinta has provided avenues for residents to voice their concerns, provide feedback, and contribute to decision -making processes. Additionally, the city has leveraged social media channels, newsletters, and multimedia campaigns to disseminate information about city projects, events, and initiatives, enhancing transparency and accessibility for residents. Furthermore, La Quinta has forged partnerships with local organizations, schools, and businesses to amplify outreach efforts and foster collaboration in addressing community needs. These outreach improvements reflect La Quinta's commitment to inclusive governance, empowering residents to play an active role in shaping the future of their city. SECTION 6.0 - MITIGATION STRATEGIES 6.1 MITIGATION GOALS AND OBJECTIVES The mitigation strategy for the City of La Quinta is based on recognizing both mitigation challenges and opportunities. The main goal is to create a disaster -resistant and sustainable community for the future. The mitigation strategy builds upon the previous mitigation actions identified by the City of La Quinta 2017 LHMP and was expanded to consider current needs. Local Jurisdiction Mitigation Strategies and Goals The City of La Quinta mitigation planning group has created a list of Mitigation Strategies and Goals for the community hazards identified to include the following: Goal 1: Complete mitigation policies and strategies contained in the La Quinta General Plan. Goal 2: Utilizing grant funds and agencies funded by FEMA, the City will continue training City staff for positions in the Emergency Operations Center (EOC), the California Standardized Emergency Management System (SEMS), the National Incident Management System (NIMS) and the Incident Command System (ICS) as well as familiarization with the Emergency Operations Plan. Goal 3: Continue to train and educate the public and business community through the City of La Quinta CERT program and increase the percentage of the population that is prepared and ready to assist first responders minimize the effects of any incident and stabilize their neighborhoods and community. 44 LOCAL HAZARD MITIGATION PLAN 12/21/2023 371 Goal 4: Encourage pet owners, individuals with access and functional needs, and residents with specialized individual needs to preplan in order to help ensure they have the necessary support from their family, neighbors and community organizations. Goal 5: Enlist the support of individuals, families, the private and nonprofit sectors, faith - based organizations and community groups including homeowners associations to support and promote CERT and individual preparedness in the City. 45 LOCAL HAZARD MITIGATION PLAN 12/21/2023 372 6.2 MITIGATION ACTIONS Hazard/Priority Mitigation Action Goal Departments Funding Completion Timeframe Drought Medium Enforce Title 8, Chapter 8.13 of the 1 Public Works General Funds 2023 -2028 Municipal Code, Water Efficient Landscaping, which was adopted on February 5, 2010, to reduce water usage for new and rehabilitated landscaping projects. The Ordinance requires the use of drought -resistant and desert -friendly plants, reduced use of turf, and efficient irrigation design and equipment. Medium Continue to enforce the calgreen code. 1 Public Works General Funds 2023-2028 As of January 1, 2011, all qualifying new residential and nonresidential buildings in California will need to abide by water - saving measures called out in the 2010 California Green. Earthquake High Enforce state laws to identify, inventory, GEO-1 City Manager's Office, Community 2023 -2028 and retrofit existing vulnerable Building & Safety and Development Block structures. Public Works Grant, Homeland Security Grant Medium The City shall maintain and periodically GEO-1 Building and Safety, General Funds 2023 -2028 update an information database and Public Works maps that identify local and regional geologic and seismic conditions. High The City shall require that all new GEO-1 Building and Safety, General Funds 2023 -2028 structures be built in accordance with Public Works the latest adopted version of the Building Code. High The City shall continue to require that GEO-1 Building and Safety, General Funds 2023 -2028 structures that pose a safety threat Public Works due to inadequate seismic design be retrofitted or removed. 373 from use, according to law. Medium The City shall coordinate and cooperate GEO-1 Building and Safety, General Funds 2023 -2028 with public and quasi ---public agencies Public Works to ensure that major utilities continue to be functional in the event of a major earthquake. Flood High Coordinate with the Coachella Valley CIR- Public Works General Fund and 2023-2028 Water District and its consultants 1.013 the ICP Budget regarding its flood control facilities to ensure the accommodation of all- weather crossings along critical roadways. Medium The City shall monitor and update its FH-1 Public Works General Funds 2023-2028 2009 Master Drainage Plan every 5 years, or as needed, to reflect changes in local and regional drainage and flood conditions. Medium New development shall continue to be FH-1 Public Works General Funds 2023-2028 required to construct on -site retention/detention basins and other necessary stormwater management facilities that can manage 100-year stormwater flows. High The City shall annually request a status FH-1 Public Works General Funds 2023-2028 update from the Coachella Valley Water District of their monitoring of the structural safety of the levees around Lake Cahuilla and along the Coachella Valley Stormwater Channel and the La Quinta Evacuation Channel. Extreme Heat Medium Community Action Partnership (CAP) of 2 Emergency Management General Funds 2023-2028 Riverside County has cooling centers / Housing Authority located throughout the county. La Quinta Wellness Center, 78450 Ave La Fonda La Quinta 92253, and Palm Desert Community Center 43-900 San Pablo 374 Ave Palm Desert 92260 have been identified as the closest center for Indian Wells Residents. High Educate residents on the dangers of 2 Emergency Management General Funds 2023-2028 extreme heat. 375 6.3 PREVIOUS MITIGATION ACTIONS FROM THE 2017 PLAN Washington Street Enhanced Drainage Improvements A report recently finished the refined analysis (250-year storm event) to maintain one "dry lane" in each direction on Washington Street from Highway 111 to the Evacuation Channel. The report recommends improvements in 2 subareas. Avenue 50 subarea: improve existing drainage inlets increase capacity of storm drains that run under Avenue 50 allow large flows to discharge to the vacant lot at the southeastern corner of Avenue 50 and Washington Street Lake La Quinta subarea: • increase existing inlet capacities • increase sizes of existing storm drain facilities • add a water quality treatment facility for discharges to Lake La Quinta Once agreement is reached with the HOA involved, staff will be bringing an item forward to Council to engage an engineering consultant to prepare plans, specifications, and cost estimates to install these improvements. Council has already appropriated funds in the capital improvement budget to design and construct these improvements. Hazard: Flood Lead Department: Design & Development Project Funding: CIP Timeline: Ave 50 Subarea: To be designed and constructed with avenue 50 bridge -design underway, construction anticipated to be complete by 2028. Lake La Quinta Subarea: Design complete, construction is waiting for developer. Eisenhower Drive Enhanced Drainage Improvements Plans, specifications and cost estimates are being prepared for a retention basin and storm drain (150-year storm event) for the recently acquired property at Coachella Drive. This basin will serve Eisenhower Drive between Avenida Fernando and Washington Street. (See Appendix A for the Eisenhower Drive Enhanced Drainage Improvements) Hazard: Flood Lead Department: Design & Development 32 CITY OF LA QUINTA LOCAL HAZARD MITIGATION PLAN JUNE 2018 Project Funding: CIP Timeline: Completed in 2019 Dune Palms Road Bridge Design and construction of a new four lane bridge on Dune Palms Road between Westward Ho Drive and California State Route 111 is planned. This will eliminate the low water crossing and create an all-weather crossing over the Whitewater River. Hazard: Flood Lead Department: Design & Development Project Funding: CIP 49 LOCAL HAZARD MITIGATION PLAN 12/21/2023 376 Timeline: Construction underway - anticipated completion in early 2025 Traffic Signal Battery Backup Maintenance and Upgrades All traffic signal battery backups have been installed and are maintained on a quarterly basis. Future system upgrades will include installation of a plug receptacle allowing generators to be connected for extended outages. Hazard: Power Outage Lead Department: Design & Development Project Funding: General Fund Timeline: Completed in 2019 Enforcement of PM-10 Fugitive dust control measures are enforced by the City to avoid lowered visibility and slick road conditions during and after wind events. Hazard: Severe Weather Lead Department: Design & Development Project Funding: General Fund Timeline: Project being moved to the 2023 plan 6.4 ON -GOING MITIGATION STRATEGY PROGRAMS Public Education - The City of La Quinta has continued its aggressive public education campaign of earthquake and other disaster preparedness by including information in the GEM newspaper, and the city website. The city has also participated in the California Great Shake -Out exercises annually. The city web pages include information on upcoming trainings, sand bag distribution sites and preparedness information. Community outreach activities also provide valuable information to residents at City -sponsored events, homeowner's association presentations, and programming with the school district. Preparedness Training - The City of La Quinta has trained all City employees in disaster preparedness including the California SEMS (Standardized Emergency Management System), the NIMS (National Incident Management System), and the ICS (Incident Management System) as required by the Federal Emergency Management System. La Quinta has also trained all Emergency Operations Center (EOC) staff in EOC Operations and being a Disaster Service Worker under California Law. The city has hosted ICS-300, ICS-400 and the EOC Rapid Assessment Workshop which has improved coordination among City staff as well as our community partners who were in attendance. La Quinta has also hosted Community Emergency Response Team (CERT) training annually as well as supported the local RACES (Radio Amateur Civil Emergency Services) team members. Warning & Communication - The City of La Quinta has updated and maintained its communications equipment to allow for direct communication with Riverside County as well as interoperability among all of the city departments. With the help of RACES, the city has participated in monthly County -wide tests of the Disaster Network. La Quinta also has 50 LOCAL HAZARD MITIGATION PLAN 12/21/2023 377 access to Riverside County's Early Warning Notification System through the Fire Department, Police Department, and the Emergency Services Coordinator, allowing it to utilize a reverse 911 public warning system and send out notifications and public warning information. La Quinta also utilizes their own system, Nixle, for internal communications with City staff, City representatives, and CERT volunteers, allowing it to disseminate emergency information for safety and EOC activation purposes. Emergency Operations Center (EOC) - The City of La Quinta funded and built a state-of- the-art Emergency Operations Center in 2008 that includes over 6,000 square feet of space and houses a Radio Communications Center, an Operations Room, offices for Management, Operations, Logistics, Planning, Finance and Administration, and the Public Information Officer. The EOC also has bathrooms, a staff kitchen, equipment and supplies storage and support areas for making post -emergency decisions for the community. FEMA FIRM Maps were updated on August 28, 2008 removing the EOC and City Hall from flood hazard area. Since the COVID-19 pandemic, the importance of having a virtual EOC was immediately recognized. The city will begin to use the WebEOC platform to train staff on how to run a virtual EOC operation in 2023. Bear Creek System - The Coachella Valley Water District (CVWD) in 1985 designed and constructed the Flood Improvements Project to the La Quinta Cove which provides at least 100-year-storm flood protection to the Cove area. This system intercepts and detains runoff originating from approximately 12.7 square miles of foothill drainage located southwest and west of the Cove. The system was also designed to handle runoff from 1.7 square miles of drainage area located due south of La Quinta and diverted to the Bear Creek System by the Upper Bear Creek Training Dike. The Bear Creek System consists of the following features: Upper Bear Creek Training Dike Upper Bear Creek Detention Basin Bear Creek Channel Debris/Retention Basins The system conveys storm runoff past the western limits of La Quinta to the Oleander Reservoir located northwest of the intersection of Eisenhower Drive and Calle Tampico as part of the Dunes Golf Course at the La Quinta Hotel and Spa. The upper Bear Creek Training Dike diverts storm water runoff from 1.7 square miles of drainage area south of Calle Tecate into the Upper Bear Creek Detention Basin. The Upper Bear Creek Detention Basin is located at the mouth of the Bear Creek southwest of La Quinta and contains a total of 752 acre feet of storage for temporary detention of storm runoff and detention of debris. This basin is about 700 feet wide by 1,350 feet long which discharges via a weir structure into the Bear Creek Channel. The Bear Creek Channel is a 2.5 mile long, soil cement lined, trapezoidal channel which runs between the Upper Bear Creek Detention Basin to the north between the west side of the La Quinta Cove and the easterly toe of slope of the adjacent hillsides and then discharges into the Oleander Reservoir. Along the way four side drainage 51 LOCAL HAZARD MITIGATION PLAN 12/21/2023 378 inlets pick up storm water from the mountainside to the immediate west of the Channel. The Oleander Reservoir can safely carry the runoff from a 150-year event from the Bear Creek Channel. The reservoir discharges to the east into the La Quinta Evacuation Channel which can carry up to a 200-year event, and that discharges into the Whitewater Channel which has an approximate 500-year storm capacity. East La Quinta System - This system intercepts runoff originating from 2.5 square miles of drainage area in the foothills east and southeast of Avenida Bermudas, from the area south of Calle Tecate to the Upper Bear Creek Training Dike, and from south of Calle Tecate east of Avenida Bermudas north to Calle Durango. The East La Quinta System consists of the following: Upper Training Dike Calle Tecate Detention Basin East La Quinta Channel Avenida Bermudas Detention Basin 60-inch Diameter Buried Storm Water Conduit The Upper Training Dike diverts storm water flows from .37 square miles of drainage area east of the dike into the Calle Tecate Detention Basin located just south of the intersection of Calle Tecate and Avenida Bermudas. This basin has a capacity of 200 acre feet. This basin outlets via a 36-inch diameter pipe into the East La Quinta Channel which also intercepts .14 square miles of runoff from the foothills east of Avenida Bermudas. Both the Calle Tecate Detention Basin and the East La Quinta Channel receive surface water from adjacent City streets. The East La Quinta Channel flows north along the toe of the foothills to the Avenida Bermudas Detention Basin. This Detention Basin connects to the basin system constructed as part of the Heritage Club development which is now called The Traditions Golf Club. These basins were designed for a minimum 100-year event capacity. The basins then connect to a 60-inch diameter buried storm water conduit that continues underground to the north where it discharges to the Evacuation Channel which then flows to the Whitewater Channel. The Planning Committee for the City of La Quinta identified and prioritized the following mitigation actions based on the risk assessment. Background information and information on how each action will be implemented and administered, such as ideas for implementation, responsible office, partners, potential funding, estimated cost, and schedule are included. 6.5 MITIGATION PROJECTS The Focused Area Drainage Study of March 2016 evaluated select areas of the City and identified the scope and approximate cost of drainage system improvements to augment the City's existing flood control and drainage systems to increase capacity to accommodate up to a 500-year storm event. 52 LOCAL HAZARD MITIGATION PLAN 12/21/2023 379 Citywide Drainage Enhancements: The Citywide Drainage Enhancements have already begun with the Washington Street Enhanced Drainage Improvements and the Eisenhower Drive Enhanced Drainage Improvements. Upon completion of these two projects, focus and funding will be shifted to the La Quinta Village Area along Calle Tampico. This project is ongoing, but the likeliest streets to flood have already been worked on and have proven to lessen flash floods in comparison to how the street was before. (Eisenhower Dr. and Calle Tampico are complete). Funding: Local Funds - General Fund 6.6 FUTURE MITIGATION PROJECTS Avenue 50 Bridge Spanning the Evacuation Channel The proposed improvement will replace the at -grade crossing on Avenue 50 at the La Quinta Evacuation Channel with a new four lane all weather bridge. The improvements will include a 200-foot three -span bridge, raising the roadway approach grades, concrete slope protection, relocation of utilities, and the acquisition of right-of-way. As of fiscal year 2022/2023, this project has been postponed until The Highway Bridge Program Funding in the Federal Transportation Improvement/Regional Transportation Plan is released. Funding: Highway Bridge Program (HBP) CVAG, Local Funds- Transportation DIF 53 LOCAL HAZARD MITIGATION PLAN 12/21/2023 380 Figure 6.5.1- City of La Quinta Infrastructure Improvement Project Map Note: Not all these improvements are completed. Some are only listed as future projects, and planning has not begun on the actual construction. To visit the interactive map of infrastructure improvements: https://www.arcgis.com/apps/MapTour/index.html?appid=f70c97c8b9e94b608fe9f3910a 668d4e SECTION 7.0 - INCORPORATION INTO EXISTING PLANNING MECHANISMS The City of La Quinta recognizes the ongoing hazards affecting its community and is dedicated to safeguarding lives, property, and the local economy. Embracing an all -hazard approach, the city promotes information sharing among its departments to enhance overall planning endeavors. While previous team members have advocated for LHMP integration, there lacks a formalized process to achieve comprehensive integration. A thorough examination of the previous LHMP revealed a notable absence of integration of identified projects or mitigation actions into key city plans or planning initiatives. Thus, the city is determined to establish robust mechanisms to seamlessly incorporate LHMP information into its various planning efforts, ensuring better preparedness and resilience against evolving hazards. As a result, the City of La Quinta will be 54 LOCAL HAZARD MITIGATION PLAN 12/21/2023 381 incorporating the 2023 Local Hazard Mitigation Plan into: • The City of La Quinta General Plan • The City of La Quinta Emergency Operation Plan • The City of La Quinta Capital Improvement Project Plans • Tittle 8 Building and Construction • Tittle 9 Zoning This integration of the LHMP into the City of La Quinta General Plan also allows the city to comply with AB 2140 requirements. SECTION 8.0 - PLAN IMPLEMENTATION AND MAINTENANCE PROCESS The Plan's effectiveness depends on the successful implementation of the mitigation actions. Implementation includes integrating mitigation actions into existing City plans, policies, programs, and other implementation mechanisms. The mitigation actions in this Plan are intended to reduce the damage from hazard events, help the city secure funding, and provide a framework for hazard mitigation activities. These priorities will guide the implementation of these actions through new or existing city mechanisms as resources are available. The City of La Quinta regularly updates the City's Municipal Code to keep current with new Federal and State regulations, novel circumstances, and potential hazards that are discovered in the normal course of City activities or by means of training and exercise. City staff bring draft ordinances to any relevant Commissions, then to city Council for consideration and public input. Council and public -approved changes and ordinances that have passed the necessary number of readings are codified into the City's Municipal Code. The LHMP has been incorporated into the following: • General Plan Safety Element (01/25/2022) • Emergency Operations Plan (05/03/2010) • 2016 California Building Code (Eff. 01/01/2017 to 12/31/2019) • 2016 California Residential Code (Eff. 01/01/2017 to 12/31/2019) • 2016 California Mechanical Code (Eff. 01/01/2017 to 12/31/2019) • 2016 California Plumbing Code (Eff. 01/01/2017 to 12/31/2019) • 2016 California Electrical Code (Eff. 01/01/2017 to 12/31/2019) • 2016 California Energy Code (Eff. 01/01/2017 to 12/31/2019) • 2016 California Green Building Standards Code (Eff. 01/01/2017 to 12/31/2019) • 2016 California Existing Building Code (Eff. 01/01/2017 to 12/31/2019) • 2016 California Historical Building Code (Eff. 01/01/2017 to 12/31/2019) • 2016 California Fire Code (Eff. 01/01/2017 to 12/31/2019) The City of La Quinta will monitor and evaluate our LHMP on a yearly basis over the next 5 years. We will review the LHMP and assess: LOCAL HAZARD MITIGATION PLAN 12/21/2023 382 • The goals and objectives and address current and expected conditions. • If the nature, magnitude, and/or type of risks have changed, we will update plan as necessary. • Current resources for implementing the plan and explore new resources. • Implementation problems, such as technical, political, legal, or coordination issues with other agencies. • The outcomes to ensure they are in line with the expected result, if not we will modify plan. • Changes in Federal, State, and local ordinances, if laws and regulations have changed, we will make changes to reflect current regulations. • Involve public by posting notices on websites and announcements during public meetings intent to review and update Local Hazard Mitigation Plan allowing for public comment and input. If we discover changes have occurred during the evaluation, we will update the LHMP Revision Page, and notify Riverside County EMD to update our Annex. The Riverside County Emergency Management Department will coordinate the monitoring, evaluation and update of the LHMP. SECTION 9.0 - CONTINUED PUBLIC INVOLVEMENT The City of La Quinta will encourage public involvement and comments. Public meetings are displayed on the City's webpage and posted locally at City Hall, the Post Office, and the grocery market. The purpose is to inform the public and allow an opportunity for comment. The City of La Quinta identified stakeholder groups in the community with wide-ranging interests and facilitated stakeholder group meetings to solicit input and ideas about mitigation strategies. We will continue to include them in the process to review and provide public comment on an annual basis through Public Hearings at the Planning Commission, Public Safety Commission and City Council meetings. Additionally, the City of La Quinta will maintain public involvement opportunity notifications on the City of La Quinta's website and through the following other format: • Social Media (Facebook and Twitter): The City of La Quinta's residents rely heavily on the internet and social networking sites for information and community - building. The City of La Quinta will utilize Facebook and Twitter as part of its effort to reach out and notify citizens of updates and changes to the plan. 56 LOCAL HAZARD MITIGATION PLAN 12/21/2023 383 • Website: The City of La Quinta's website is a tool that is maintained and up to date with information sharing and updates regarding City business. • Dedicated email address for public concern and inquiry: emergencyservicesmail@laquintaca.gov 57 LOCAL HAZARD MITIGATION PLAN 12/21/2023 384 APPENDIX A - PUBLIC NOTICES • Appendix A-1: Website Outreach screenshot (see attached) M. LOCAL HAZARD MITIGATION PLAN 12/21/2023 385 PROJECT REVIEW AGENDA WEDNESDAY, AUGUST 31, 2022 @ 2:00 to 4:00 p.m. Join Zoom Meeting https: / /us06web.zoom.us/i /81655672881 Departments Specifically Requested for Agenda Items: ❑x Planning -x-1 Building Z Public Works ❑ Code Enforcement Fire City Manager's Office ❑ Other: 1) PROJECT UPDATES • The Fountains (Carlos) • Upcoming Events (Carlos) 2) FYIS/OTHER ITEMS Local Hazard Mitigation Plan Update 3) PROJECT REVIEW APPOINTMENTS 4) ADJOURNMENT NOTES City of La Quinta Project Review Agenda 49 LOCAL HAZARD MITIGATION PLAN 12/21/2023 386 ?G easbwsa� u•o7 gym_ tuna"![ APF61n fL:L*AN0-:R �.•er..'ei §M* i;y 64bl L 2 rdl jWtRff rb*hlrwr Ctrr.Wye La¢um[ERrronei+►tS�QVp�19� �s Vlhat Residents Can Do to Prepare i FnkeWi TIT Cl1 ofauksVGt a UCilyDpdrtrrwLadVd e --:- memiesloWn�g&eimpw5Qf6SastmtDthe Otya*ouireidrbbETegmftaWW'6 �spurslHe for the �aardinatim cf n•�sir�Tion, �epulE�oess, response and re[os�eYj a[tiuities rrthel the ulWLCC6r>a4EWm C ula saRAUUwlWdlualnti PrepmtionChecklit NISTMOFualHU { — — STAIEOFTNEIn • ,rRC 1p*KU SE nrA& STATE U'. 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CONNECT The City ofLaQuimhastarlFlMthe2073argilMaid Witi Tr81!Ilan f.L[jf NLHR{Pf, Sp few LaQunta'swlreiabiitytomanmadeand naarjthaLafdsasmliasdwaltraletheUEy's CODmifinent � r�Cio� doss armed �J These I�TBrds kG our r{,ideri�, pfppP�ly�rldC+iCipl rdrast�sc� Plrblr[ [ornmelr� arr: � br ttre 7C1�3 � Hsarard I�ogaa�on Plan Gnhed ahom P4�e !�rIpCM�thiswlx�tfl suhArtiyoul �edbatk ^ �1 • m : � ! tlr,�n�•�FI v¢, Emilsesarekid i theCityiEXa, Yell ast4mina'a both elnpbomandIrk06rI.ILd^ CGrllmuhA�f Erneryerr.� H4sppnse Tr?�m ICE=DTI nainioy, ao[id�sT €arHr�and *�5iern{I[5 traio�ng �o� NTI'�gPI1Cf REpdR'�nEiS U3ilir�. 60 LOCAL HAZARD MITIGATION PLAN 12/21/2023 387 388 BUSINESS SESSION ITEM NO. 7 CONSIDERED AS BUSINESS SESSION ITEM NO. 8 City of La Quinta CITY COUNCIL MEETING: June 4, 2024 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE FISCAL YEAR 2023/24 BUDGET UPDATE REPORT AND APPROVE THE RECOMMENDED BUDGET ADJUSTMENTS RECOMMENDATION Receive and file fiscal year 2023/24 Budget Update Report and approve the recommended budget adjustments. EXECUTIVE SUMMARY • The Fiscal Year (FY) 2023/24 Budget Update Report (Attachment 1) provides an update of the City's fiscal activities through May 2024. • The Budget Update Report includes revenue and expenditure adjustments in fourteen funds, inclusive of the General Fund. FISCAL IMPACT Staff recommended adjustments are: Fund # Fund Name Revenue Expenses 101 General Fund $ 3,669,000 $ 238,000 201 Gas Tax Fund 39,300 - 212 SLESA (COPS) Fund 60,000 - 220 Quimby Fund (50,000) - 235 South Coast Air Quality Fund 25,000 (15,000) 241 Housing Authority Fund 370,000 330,000 250-259 Developer Impact Fee Funds (multiple) (2,085,000) - 601 SilverRock Fund 350,000 366,000 TOTAL ADJUSTMENTS ALL FUNDS $ 2,378,300 $ 919,000 BACKGROUND/ANALYSIS Throughout the fiscal year each Department monitors their budget and proposes adjustments to reflect current conditions and ongoing operational needs. Requests are reviewed and discussed with the City Manager and Directors before recommendations are presented in the Budget Update Report. Funds with no adjustments have been excluded. ALTERNATIVES Council could delay, modify, or reject the requested budget amendments. 389 Prepared by: Claudia Martinez, Finance Director Approved by: Jon McMillen, City Manager Attachment: 1. FY 2023/24 Budget Update Report 390 ATTACHMENT 1 CALIFORNIA Fiscal Year 2023/24 Budget Update Report SUMMARY The annual budget is an evolving document, which allows for flexibility and adjustments to accommodate current business needs and updated projections. Budget reports are presented to provide ongoing oversight of public funds, relate current and upcoming activities, and request funding adjustments. While all funds are continuously monitored; this report focuses on funds with recommended budgetary adjustments. Funds with no adjustments have been excluded. This report is an integral part of the upcoming fiscal year (FY) 2024/25 budget process; it provides transparency to the City's budget and current finances, and delivers critical data for informed decision -making. The recommended adjustments are largely derived from year-to-date revenues collected and expenses incurred, program activities, and operational needs. Revenue and expense adjustments for the General Fund are detailed in Exhibit 1 and Special Funds are in Exhibit 2. GENERAL FUND REVENUE ADJUSTMENTS General Fund revenue adjustments summarized below total $3,669,000. Adjustments reflect updated projections based on last fiscal year's actuals and year-to-date activity. Tax Revenues Licenses & Permits Charges for Services Fines, Forfeitures & Abatements Use of Money & Property Miscellaneous Tax Revenues $ 1,016,000 145,000 30,000 (100,000) 2,500,000 78,000 Property Taxes - An increase of $108,000 in Property Tax Revenue and $38,000 in Property Tax in Lieu of VLF is requested due to growth in property values due to increased sales prices in 2023, the year used for growth in assessment roll for 2023-24. An increase of $400,000 in Redevelopment Property Tax Trust Fund (RPTTF) payments is requested due to current year- to-date activity. These property tax payments reflect distribution of residual amounts after recognized obligations of the former RDA's have been paid and are coming in higher than original estimates due to current real estate market trends. 391 Sales Taxes - Sales tax revenues were conservatively budgeted based on known information as of June 2023, but growth in sales taxes has decreased, mostly due to reduced spending on discretionary taxable goods. Revised projections estimate the City anticipates $680,000 less than originally budgeted in sales tax revenue by year-end; of this amount $495,000 is derived from the State sales tax rate and $185,000 is derived from local Measure G sales taxes. Document Transfer Tax — An increase of $225,000 is recommended based on actual receipts year-to-date. The real estate market remains strong and higher sales prices are driving this number. Transient Occupancy Tax (TOT) — Current hotel TOT revenue projections were conservative when the budget was adopted, given the unknown impacts of the economy. The recommended increase of $700,000 for hotel TOT is based on actual revenue collections this fiscal year. Other Taxes — Adjustments to the following Franchise Tax account include an increase of $210,000 for Burrtec, an increase of $105,000 for Southern California Gas, a decrease of $50,000 for Cable Television and a decrease of $40,000 for Communications. Franchise Taxes are generally based on a percentage of gross revenues and will fluctuate based on current rates and subscribers. Licenses and Permits — An increase of $125,000 in Building Permits, $30,000 in Plumbing Permits, and $45,000 in Miscellaneous Permits are recommended based on current year -to date activity. In addition, a decrease of $30,000 in Fire Inspection Fees and $25,000 in Public Works Permits are based on current year-to-date activity along with a gradual slowdown in building activity. Charges for Services — An increase of $30,000 in Public Works Development Plan Check Fees is based on current year-to-date activity in private residential tract developments and commercial projects. Fines, Forfeitures & Abatements — A decrease of $100,000 in Administrative Citations is based on current year-to-date activity due to fewer complaints and higher compliance associated with the Short -Term Vacation Rental Program. Use of Money and Property — The increase of $2.5 million in Allocated Interest reflects the rising rate environment generating higher yields than initially anticipated. The City has worked diligently to leverage highly restricted investments under these market conditions by ensuring idle funds are generating income and will continue these efforts into FY 2024/25. Miscellaneous — An increase of $78,000 in AMR Compliance is attributed to an additional fee distribution from Riverside County EMS Agency to be used for EMS system enhancements. 392 GENERAL FUND EXPENDITUrn %DJUSTMENTS Expenditure adjustments are recommended for unanticipated items to ensure enhanced services and needs can be provided and enable departments to end the year within budget appropriations. The recommended adjustments totaling $238,000 are summarized below. City Council $ 5,000 Public Works 158,000 Marketing 50,000 Central Services 25,000 City Council— An adjustment of $5,000 for Travel & Training due to increases in conference fees and travel costs. Public Works— For the Parks Division, an addition of $50,000 is for Maintenance/Services due to repairs caused by Tropical Storm Hilary for which the City is working with FEMA to request reimbursement. An increase of $87,000 for Fritz Burns Pool Gas Utilities for current year-to-date usage. Additional increases in Electricity for Buildings & Charging Stations for a total of $80,000 are reflective of year-to-date activity. Marketing — Based on the new estimated revenue projections, an increase of $50,000 is requested to fulfill the contractual obligation under the Joint Powers Agreement with the Greater Palm Springs Convention and Visitors Bureau (Now known as Visit Greater Palm Springs), which is based on TOT revenues received by member agencies. Central Services — A $25,000 transfer out to Fund 235 South Coast Air Quality Fund is required to reimburse the fund for prior year expenditures. SPErIAI REVENUE FUNDS Revenue adjustments of ($1,290,700) and expenditure adjustments of $681,000 for Special Revenue Funds are summarized in the chart below and are explained in further detail: Gas Tax Fund (201) SLESA (COPS) Fund (212) Quimby Fund (220) South Coast Air Quality Fund (235) Housing Authority Fund (241) DIF Funds (250-259) SilverRock Fund (601) _ $ 39,300 60,000 (50,000) 25,000 (15,000) 370,000 330,000 (2,085,000) 350.000 366.000 393 Gas Tax Fund (201) — An adjustment of $39,300 is due to updated projections as of May 2024; the gas tax revenue projections are adjusted throughout the year based on statewide tax revenue estimates released by the California Department of Finance. SLESA (COPS) Fund (212) — An increase of $60,000 in grant revenue is based on actual year- to-date activity and projections for the remainder of the year. Quimby Fund (220) — A decrease of $50,000 is requested to reflect actual activity as not all projects built are subject to Quimby fees. South Coast Air Quality Fund (235) — A decrease of $15,000 in the Electricity -Utilities account is due to the removal of utility expenses for vehicle charging stations from this fund. Additionally, a Transfer In of $25,000 will reimburse this fund for charges from the previous fiscal year. Housing Authority Fund (241) — An increase of $50,000 for 2nd Trust Deed Repayments to reflect housing sales activity and an increase of $120,000 to reflect housing authority surplus land sales. An increase in rental expenses in the administration account coupled with an increase in miscellaneous revenue in the La Quinta Palms Realty account is requested to cover additional repair and maintenance expenses. In addition, an increase of $50,000 for La Quinta Palms Realty rental expenses and $80,000 for Dune Palms Mobile Estates rental expenses reflect actual year-to-date activity in labor and material costs associated with maintenance of the properties. Development Impact Fee (DIF) Funds (250-259) — For Funds 250-259, a combined decrease in the amount of $2,085,000 is due to decreased building activity as compared to FY 2022/23. SilverRock Golf Course Fund (601) — An increase of $350,000 is recommended to account for year-to-date activity due to an increase in golf rounds. An increase of $28,000 is requested in the Vehicles account for replacement of Food & Beverage carts, and an increase of $80,000 is requested in the Machinery & Equipment account for pump repairs. Pursuant to the agreement with Landmark, food and beverage losses are to be covered by the City, therefore an adjustment of $258,000 is requested to cover the overage. 394 City of La Quinta FY 2023/24 Recommended Budget Adjustments Exhibit 1 General Fund (101) =NWIM REVENUE Tax Revenue 101-0000-40310 Property Tax Revenue 108,000 - 101-0000-40315 RPTTF Pass Through 400,000 - 101-0000-41320 State Sales Tax (495,000) - 101-0000-41326 Measure G Sales Tax (185,000) - 101-0000-41327 Document Transfer Tax 225,000 - 101-0000-41400 TOT- Hotels 700,000 - 101-0000-41505 Franchise Taxes- Burrtec 210,000 - 101-0000-41508 Southern CA Gas Franchise Fee 105,000 - 101-0000-41509 Cable Television Franchise Fee (50,000) - 101-0000-41510 Communications Franchise Fees (40,000) - 101-0000-41800 Property Tax in Lieu of VLF 38,000 - Licenses and Permits 101-0000-42400 Building Permits 125,000 - 101-0000-42401 Plumbing Permits 30,000 - 101-0000-42404 Miscellaneous Permits 45,000 - 101-0000-42421 Fire Inspection Fee (30,000) - 101-0000-43632 Public Works Permits (25,000) - Charges for Services 101-0000-42810 Public Works Development Plan Check Fee 30,000 - Fines, Forfeitures & Abatements 101-0000-42700 Administrative Citations (100,000) - Use of Money and Property 101-0000-41900 Allocated Interest 2,500,000 - Miscellaneous 101-0000-41504 AMR Compliance 78,000 - CITY COUNCIL 101-1001-60320 Travel & Training - 5,000 PUBLIC WORKS 101-3005-60691 Maintenance/Services - 50,000 101-3005-61100 Gas - Utlities FB Pool - 28,000 101-3008-61101 Electricity - Utilities - 30,000 101-3008-61102 Electricity - Charging Stations - 50,000 MARKETING 101-3007-60151 Visit Greater Palm Springs - 50,000 CENTRAL SERVICES 101-1007-99900 Transfers Out - 25,000 TOTAL GENERAL FUND 3,669,000 238,000 395 City of La Quinta FY 2023/24 Recommended Budget Adjustments Exhibit 2 Special Revenue Funds Account No. Description Revenues Expenses Fund 201 Gas Tax 201-0000-42920 Section 2103, Gas Tax 4,400 - 201-0000-42900 Section 2105, Gas Tax (2,000) - 201-0000-42905 Section 2106, Gas Tax (1,000) - 201-0000-42910 Section 2107, Gas Tax 34,000 - 201-0000-42922 SB 1, Road Maint. Rehab Act 3,900 - Fund 212 SLESA (COPS) 212-0000-43115 SLESA (COPS) Grant 60,000 - Fund 220 Quimby Fund 220-0000-3-43200 Quimby Fees (50,000) - Fund 235 South Coast Air Quality 235-0000-49500 Transfers In 25,000 - 235-0000-61101 Electricity - Utilities - (15,000) Fund 241 Housing Authority 241-9101-43504 2nd Trust Deed Repayments 50,000 - 241-9101-45000 Sale of Other Assets 120,000 - 241-9101-60157 Rental Expenses - 200,000 241-9103-43501 Miscellaneous Revenue 200,000 - 241-9103-60157 Rental Expenses - 50,000 241-9104-60157 Rental Expenses - 80,000 Funds 250- 259 Development Impact Fee (DIF) 250-0000-43200 Developer Fees- Transportation DIF (900,000) - 251-0000-43200 Developer Fees- Parks & Rec DIF (450,000) - 252-0000-43200 Developer Fees- Civic Center DIF (360,000) - 253-0000-43200 Developer Fees- Library Development DIF (60,000) - 254-0000-43200 Developer Fees- Community & Cultural Center E (150,000) - 257-0000-43200 Developer Fees- Fire Protection DIF (110,000) - 259-0000-43200 Developer Fees- Maintenance Facilities DIF (55,000) - Fund 601 SllverRock Resort 601-0000-44000 Green Fees 350,000 - 601-0000-60217 Food & Beverage - 258,000 601-0000-71030 Vehicles - 28,000 601-0000-80100 Machinery & Equipment - 80,000 TOTAL (1,290,700) 681,000 396 STUDY SESSION ITEM NO. 1 City of La Quinta CITY COUNCIL MEETING: June 4, 2024 STAFF REPORT AGENDA TITLE: DISCUSS FISCAL YEAR 2024/25 PRELIMINARY PROPOSED BUDGET RECOMMENDATION Discuss fiscal year 2024/25 preliminary proposed budget. EXECUTIVE SUMMARY • The May 21, 2024 City Council 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. • Total non -General Fund revenues are $55,839,147 and total expenditures are $59,057,118. • Final budget adoption is scheduled for the June 18, 2024 Council meeting. FISCAL IMPACT Non -General Fund revenues total $55,839,147 while expenditures total $59,057,118, resulting in a deficit of $3,217,971. Funds with expenses greaterthan revenues are utilizing fund balance. BACKGROUND/ANALYSIS The Fiscal Year 2024/25 Proposed Budget Overview (Attachment 1) provides a narrative for all Special Funds and an update to the General Fund. Line -item details for these revenues and expenses are located in Exhibit A of the Attachment. ALTERNATIVES The Council may wish to request further information regarding specific items and provide direction regarding the next steps in the overall budget process, prior to budget adoption scheduled for June 18, 2024. 397 Prepared by: Claudia Martinez, Finance Director Approved by: Jon McMillen, City Manager Attachment: 1. Fiscal Year 2024/25 Proposed Budget Overview 398 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 2024125 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 1 399 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 2 400 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 3 401 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 4 402 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 1000/0 105-0000-41910 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% 403 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 1,500 404 10/b 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% 3 405 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% M. 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) -10/0 407 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 408100% 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% MO 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% 410 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% 411 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 SER\ 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% 10 412 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 11 413 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% 12 414 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 1000/0 504-0000-41910 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 13 415 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 14 416 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. 15 417 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. 16 418 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. 17 419 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. 18 420 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. 19 421 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% 20 422 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 4423 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 4423 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 4423 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 4423 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% 22 424 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 23 425 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% 24 426 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% 25 427 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 Amount CIP - Highway 111 Pavement Resurfacing 950,000 CIP - Washington St Sidewalk Calle Tampico -Ave 52 478,000 26 428 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 27 429 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 28 430 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. 29 431 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_ 30 432 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 433100% 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. 32 434 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% 33 435 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. 34 436 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 35 437 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. 36 438 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. 37 439 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 SER\ 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 38 440 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 39 441 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 40 442 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% 41 443 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% 42 444 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 43 445 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% 44 446 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 45 447 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 46 448 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 47 449 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% 48 450 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% 49 451 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 50 452 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 51 453 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% 52 454 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% 53 455 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 54 456 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% 55 457 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% 56 458 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% 57 459 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 58 460 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% 59 461 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 60 462 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. 61 463 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. 62 464 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) I 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% 63 465 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 64 466 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. 65 467 223 - 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. 66 468 761 — 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. 67 469 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. 68 470 DEPARTMENTAL REPORT ITEM NO. 1 City of La Quinta CITY COUNCIL MEETING STAFF REPORT TO: Madam Mayor and Members of the City Council FROM: Jon McMillen, City Manager DATE: June 4, 2024 SUBJECT Talus/SilverRock Executed Memorandum of Understanding On May 24, 2024, the City of La Quinta entered into a Memorandum of Understanding and Agreement (MOU) with The Robert Green Co. and SilverRock Development Co. (collectively, SDC) that spells out the next steps should SDC fail to meet the June 30, 2024, deadline to close escrow on recapitalization loans and cure all defaults that would restart the development of Talus La Quinta, formerly SilverRock Resort. The MOU is the result of continued collaborative efforts with all parties involved, including SDC, Cypress Holdings LLC, Poppy Bank, Chris M. George (CMG), Montage North America LLC, RD Olson Construction Co. and Granite Construction Co., all of whom have signed the MOU. A continued collaborative effort of all parties involved has led to an agreement that: • SDC must close escrow on recapitalization loans and pay all outstanding obligations to lenders and contractors/subcontractors by June 30, 2024, as stipulated in Amendment No. 5 of the Purchase, Sale and Development Agreement (PSDA) between the City of La Quinta and SDC which was executed on November 16, 2023. • Extends the Foreclosure Sales dates to July 2, 2024, at the earliest, of the Talus property by Cypress and/or Poppy. • Prohibits SDC from filing for bankruptcy protection or placing in receivership any of the Talus properties held by SDC. • Paves the way for a new entity to assume developer rights and obligations including paying off what is owed to Cypress and Poppy as well as contractors/subcontractors Granite and RD Olson and releasing SDC from any obligations or liabilities related to Talus. Attachment: 1. Executed Memorandum of Understanding 471 DocuSign Envelope ID: 1 B78A5AB-4445-45E3-999B-B99DD47541 D4 ATTACHMENT 1 MEMORANDUM OF UNDERSTANDING AND AGREEMENT RELATING TO DEFAULT AND DEVELOPER REQUIREMENTS (PURCHASE, SALE, AND DEVELOPMENT AGREEMENT) [Implementing Agreement] THIS MEMORANDUM OF UNDERSTANDING AND AGREEMENT RELATING TO DEFAULT AND DEVELOPER REQUIREMENTS ("MOU") is dated as of May 24 , 2024 ("Agreement Date"), by and among the following parties: (i) the CITY OF LA QUINTA, a California municipal corporation and charter city (the "City"); (ii) SILVERROCK DEVELOPMENT COMPANY, LLC, a Delaware limited liability company ("SDC"), SILVERROCK PHASE I, LLC, a Delaware limited liability company ("SRPI"), SILVERROCK LAND II, LLC, a Delaware limited liability company ("SRL"), SilverRock Lodging, LLC, a Delaware limited liability company ("SR Lodging") SR Lifestyle Residences, LLC, a Delaware limited liability company ("SR Lifestyle Residences"), SR Luxury Residences, LLC, a Delaware limited liability company ("SR Luxury Residences)" and RGC PA789, LLC, a Delaware limited liability company ("RGC PA789," and collectively with SDC, SRPI, SRL, SR Lodging, SR Lifestyle Residences, and SR Luxury Residences, the "Developer", along with any and all other affiliates of SDC); (iii) POPPY BANK, a California chartered commercial bank ("Poppy"); (iv) CYPRESS POINT HOLDINGS, LLC, a Nevada limited liability company ("Cypress"); (v) RD OLSON CONSTRUCTION, INC., a California corporation ("Olson"); (vi) GRANITE CONSTRUCTION COMPANY, a California corporation ("Granite"); (vii) MONTAGE NORTH AMERICA, LLC, a Delaware limited liability company ("Montage") and (viii) CHRISTOPHER M. GEORGE, an individual ("CMG"). The parties identified in clauses (i)-(viii) are periodically individually referred to herein as a "Party" and collectively the "Parties". RECITALS: A. City and Developer entered into that certain Purchase, Sale, and Development Agreement dated November 19, 2014 (the "Original PSDA"), as amended by that certain Amendment No. 1 to Purchase, Sale, and Development Agreement dated October 29, 2015 ("Amendment No. 1"), that certain Amendment No.2 to Purchase, Sale, and Development Agreement dated April 18, 2017 ("Amendment No. 2"), that certain Amendment No. 3 to Purchase, Sale, and Development Agreement dated November 28, 2018 ("Amendment No. 3"), that certain Amendment No.4 to Purchase, Sale, and Development Agreement dated October 12, 2021 ("Amendment No. 4"), and that certain Amendment No. 5 to Purchase, Sale, and Development Agreement dated November 16, 2023 ("Amendment No. 5", and collectively, the Original PSDA and Amendments Nos.1-5 are referred to as the "PSDA"), pursuant to which City agreed to sell to Developer specified real property for the development of the SilverRock Resort Area, renamed "Talus," with said development more particularly described in detail in the Recitals to Amendment No. 5. The PSDA is a public record on file with the City. B. Concurrently with the execution of the Original PSDA, Developer entered into that certain Development Agreement adopted pursuant to California Government Code section 65864 et seq. and recorded in the Office of the Riverside County Official Records ("Recorder's Office") on December 18, 2014, as Instrument No. 2014-0484106 ("Development Agreement"), which, among other terms and conditions, required the Developer to develop the Project (as described therein) pursuant to all of the requirements set forth in the PSDA. C. As more specifically described in the PSDA (and specifically Amendment No. 5), the City, except for portions of land transferred to Developer (as described below), owns fee title to certain real property of approximately 525 acres located at the southwest intersection of Jefferson Street and Avenue 52, in the City of La Quinta, California, a general depiction of which is the Site Map attached as Exhibit "A" to Amendment No. 3 and defined in the Original PSDA as the "SilverRock Resort Area." Also as more specifically described in the PSDA (and specifically 472 DocuSign Envelope ID: 1 B78A5AB-4445-45E3-999B-B99DD47541 D4 Amendment No. 5), the portions of land transferred to Developer were to construct, complete, and operate thereon a commercial project containing a luxury resort hotel and spa and associated branded luxury residential units, a lifestyle hotel and associated lifestyle branded residential units, a conference and shared service facility, a temporary and permanent clubhouse for the SilverRock Resort's Arnold Palmer Classic Course, a mixed use village, a resort residential village, and associated amenities, all as further described in the Original PSDA as the "Project Components." Pursuant to the PSDA, Developer has the obligation to fund or obtain funding to construct and complete construction of the various Project Components, and any financing of Project Components had to be approved by the City. D. Pursuant to the PSDA, Developer acquired from the City the "Phase 1A Property" (as defined therein and comprising approximately 44.6 acres of the SilverRock Resort Area) by Grant Deed dated May 3, 2017 and recorded on November 6, 2017 as Instrument No. 2017-0463950, as amended by that certain Amendment to Grant Deed (Phase — 1 A Property — PSDA Amendment No. 2), recorded on November 28, 2018 as Instrument No. 2018-0464670. Also pursuant to the PSDA, Developer acquired from the City the "Phase 1B Property" (as defined therein and comprising approximately 84 acres of the SilverRock Resort Area) by Grant Deed dated November 7 and November 28, 2018 and recorded on November 28, 2018 as Instrument No. 2018-0464674. E. For the purpose of preparing and constructing the Project Components, Developer submitted and the City approved Lot Line Adjustments to adjust acreage and portions of parcels within and/or immediately adjacent to the Phase 1A Property and Phase 1B Property, as more particularly described and depicted in those Lot Line Adjustments (collectively, the "City -Approved LLAs"), including but not limited to Lot Line Adjustment (LLA) 2020-0005, Lot Line Adjustment (LLA) 2020-0007, Lot Line Adjustment (LLA) 2020-0010, and Lot Line Adjustment 2023-0003, all of which are public records on file with the City and recorded as various instrument numbers in the Recorder's Office. The Phase 1A Property and Phase 1B Property, as adjusted and modified by the City - Approved LLAs, and all partial improvements to the realty thereon, are referred to as the "Developer - Held Properties." F. Construction on various Project Components of the real property transferred to Developer has been suspended for several months, and, despite Developer's efforts, the City is aware of significant challenges for Developer to resume, as soon as possible, construction and completion of the Project Components that constitute the "Core Project Components" (as defined in Amendment No. 5 and consisting of the "Luxury Hotel," "Lifestyle Hotel," "Permanent Golf Clubhouse," and "Conference and Shared Services Facility" Project Components). G. On April 17, 2024, Cypress caused to be recorded and delivered that certain NOTICE OF TRUSTEE'S SALE recorded by the trustee therein as Instrument No. 2024-0111080, setting a public auction date of sale for May 16, 2024. On May 7, 2024, Cypress caused to be recorded and delivered that certain AMENDED NOTICE OF TRUSTEE'S SALE recorded as Instrument No. 2024- 0131662 (collectively, "Cypress Notice of Sale"), setting a public auction date of sale for May 30, 2024 ("Cypress Sale Date"). The Cypress Notice of Sale was recorded for a delinquent payment specified therein, secured by that certain Second Deed of Trust And Fixture Filing With Assignment of Rents dated 11/18/2022, executed by Developer in favor of Cypress and recorded on November 30, 2022 as Document No. 2022-0486431 (the "Cypress Deed of Trust"). H. On May 6, 2024, Poppy caused to be recorded that certain NOTICE OF TRUSTEE'S SALE UNDER DEED OF TRUST recorded by the trustee therein as Instrument No. 2024-0131108 ("Poppy Notice of Sale"), setting a public auction date of sale for June 4, 2024 ("Poppy Sale Date"). The Poppy Notice of Sale was recorded for a delinquent payment specified therein, secured by that certain Deed of Trust executed by Developer in favor of Poppy and recorded on October 24, 2021 as Document No. 2021-0628130 (the "Poppy Deed of Trust"). Collectively, the Cypress Notice of 2 473 DocuSign Envelope ID: 1 B78A5AB-4445-45E3-999B-B99DD47541 D4 Sale and Poppy Notice of Sale are referred to as the "Notices of Sale" and the Cypress Sale Date and Poppy Sale Date are referred to collectively as the "Auction Sale Dates". I. In accordance with that certain Agreement To Waive And Modify Notice And Cure Period (Purchase, Sale, and Development Agreement), dated February 7, 2024, on April 17, 2024, the City issued to Developer a Notice of Default under the PSDA, stating that, with the recording of the Cypress Notice of Sale, Developer is and will remain unable to perform its obligations under the PSDA and, specifically, unable to perform in accordance with the City's approved financing for the Project as authorized under Section 211 of the Original PSDA and updated in Amendment No. 5, unless and until the obligation secured by the Cypress Deed of Trust is satisfied and Cypress Notice of Sale is removed from record title. Likewise, on May 14, 2024, the City issued to Developer another Notice of Default under the PSDA, stating that, with the recording of the Poppy Notice of Sale, Developer is and will remain unable to perform its obligations under the PSDA and, specifically, unable to perform in accordance with the City's approved financing for the Project as authorized under Section 211 of the Original PSDA and updated in Amendment No. 5, unless and until the obligation secured by the Poppy Deed of Trust is satisfied and Poppy Notice of Sale is removed from record title. The City's April 17, 2024, and May 14, 2024 Notices of Default to Developer are collectively referred to as the "City's Notices of Default," and, to date, Developer has not cured the Defaults specified therein. J. CMG is the founder of a mortgage bank and is widely known through the mortgage banking and housing markets for responsible lending practices, industry and consumer advocacy, product innovation, and operational efficiency. Developer and CMG are negotiating the terms under which CMG will be instrumental in the recapitalization of the Project. K. Unless otherwise specifically defined herein, all capitalized words and terms used in this MOU shall have the meanings ascribed to such words and terms in the PSDA, and all Section references below refer to Sections of the PSDA (or, if applicable, Amendment(s) to the PSDA). AGREEMENT NOW, THEREFORE, in consideration of the foregoing Recitals, which are incorporated herein by this reference and a substantive part of this Agreement, and for other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereto agree as follows: Effectiveness. This MOU shall be effective immediately upon signatures of all the Parties hereto. 2. Developer Default: Amendment No. 5 Performance. Pursuant to Amendment No. 5, Developer has until June 30, 2024, to close escrow on the Recapitalization Loans (as defined therein). Developer shall pay to Cypress and Poppy the amounts owed, and which are the cause for the Defaults identified in the City's Notices of Default, no later than June 30, 2024. Developer shall, pursuant to the terms previously agreed to, pay to Olson (and its subcontractors) and Granite in full satisfaction of all debts owed in the respective amount stipulated or agreed between Developer and such contractor/subcontractor, including all stipulated or agreed interest accrued through payment date, in satisfaction of Developer's contractual obligations and under the mechanic's lien claims recorded against the Developer -Held Properties and claims made in Riverside County Superior Court on or before June 30, 2024, unless the parties agree to an extension. If Developer fails to cure the Defaults identified in the City's Notices of Default by June 30, 2024, then CMG shall have the right (but not the obligation) to assume all of Developer's rights and obligations identified in Paragraph 4.2 of this MOU, in accordance with the provisions in Paragraph 4 of this MOU. Developer 3 474 DocuSign Envelope ID: 1 B78A5AB-4445-45E3-999B-B99DD47541 D4 covenants and agrees to provide updates and all material information related to the progress of the Recapitalization Loans to CMG. 3. Forbearance of Auction Sale Dates by Cypress and Poppy. Subject to performance by the Parties under this MOU, Cypress will postpone the Cypress Sale Date and forbear a sale at auction for the secured interest under the Cypress Deed of Trust, and Poppy will postpone the Poppy Sale Date and forbear a sale at auction for the secured interest under the Poppy Deed of Trust, until a date that is on or after July 2, 2024 (the "Earliest Auction Sale Date"). If CMG timely delivers CMG's Notice Of Exercising Rights And To Proceed (as defined and set forth in Section 4 of this MOU), then Cypress will cancel its Earliest Auction Sale Date and postpone the Cypress Sale Date and forbear a sale at auction for the secured interest under the Cypress Deed of Trust, and Poppy will cancel its Earliest Auction Sale Date and postpone the Poppy Sale Date and forbear a sale at auction for the secured interest under the Poppy Deed of Trust, until no less than thirty-five (35) days after delivery of CMG's Notice Of Exercising Rights And To Proceed to allow for the applicable Parties to perform and complete their respective obligations (as set forth in Section 4 of this MOU). Nothing in this paragraph or in this Agreement does or shall be deemed to require Cypress to proceed at any time with a sale at auction for payment of any debt secured by the Cypress Deed of Trust, and nothing in this Section 3 or in this Agreement does or shall be deemed to require Poppy to proceed at any time with a sale at auction for payment of any debt secured by the Poppy Deed of Trust. 4. CMG Purchase and Assumption of Developer Rights and Obligations. If Developer fails to close escrow on the Recapitalization Loans (as defined in Amendment No. 5) by June 30, 2024, and/or Developer fails to pay to Cypress and Poppy the amounts owed and secured by the Cypress Deed of Trust and Poppy Deed of Trust, respectively, by June 30, 2024, then CMG shall have the rights, to be exercised by notice in writing delivered to the Parties no later than July 1, 2024 ("CMG's Notice Of Exercising Rights And To Proceed"), to all of the following (collectively, Sections 4.1- 4.E are referred to as the "CMG Bundle of Rights and Obligations"): 4.1 Payoff of Secured Lenders; Developer Assignment of Rights. CMG shall have the right (but not the obligation): (a) to pay-off (or to assume on restructured terms) all debts owed by Developer to lenders with a secured interest in all or any portion of the Developer -Held Properties, including the debt owed to Poppy that is secured by the Poppy Deed of Trust and debt owed to Cypress that is secured by the Cypress Deed of Trust, (b) to pay-off all debts owed by Developer to Olson (and its respective subcontractors) and Granite, in the respective amount stipulated or agreed between Developer and such contractor/subcontractor, including all stipulated or agreed interest accrued through payment date, in satisfaction of Developer's contractual obligations and all mechanic's liens that have been recorded against the Developer -Held Properties and claims filed in Riverside County Superior Court (the debts described in subdivisions (a) and (b) of this Section 4.1 are referred to as "Developer's Unpaid Obligations"), and (c) to restructure any other payments relating to the construction of the Talus project; and, in exchange, Developer shall assign (per section 4.2) any and all interests in the PSDA, Development Agreement, and all other valid agreements relating to the construction, completion, and operation of the Talus project (including the hotel operator agreements), with the exception of the Olson and Granite agreements and convey fee simple ownership interest to the Developer -Held Properties. The Olson and Granite construction agreements are not valid or assigned, but Olson and Granite agree to participate in good faith negotiations for mutually agreeable construction agreements with CMG for their respective projects. Upon satisfaction or assumption of the Developer's Unpaid Obligations by CMG, City, Poppy, Cypress, and Montage agree to release Developer from any on -going obligations or liabilities associated with the Developer's Unpaid Obligations. Upon payment of the Developer's Unpaid Obligations to the satisfaction of Olson and Granite by CMG, Olson and Granite agree to release 4 475 DocuSign Envelope ID: 1 B78A5AB-4445-45E3-999B-B99DD47541 D4 Developer from any on -going obligations or liabilities associated with the Developer's Unpaid Obligations. 4.2 Assignment to CMG- and City -Approved Developer. CMG shall have the right to designate a successor developer (which may be an affiliate controlled by CMG or a third party development partner), subject to review and approval by the City (which shall not be unreasonably withheld, conditioned or delayed), to assume all interests in the PSDA, Development Agreement, and all other agreements with the City relating to the construction, completion, and operation of the Talus project (including the hotel operator agreements), and all right, title, and interest in the Developer -Held Properties. Developer shall have the obligation to cooperate with any such assignment, including but not limited to cooperation with assignments for plans and designs of the Talus project. Olson, Granite, and Montage shall be kept informed as to the successor developer; provided, however, that the City and CMG will have final decision -making authority for the successor developer. Pursuant to the PSDA, the City shall approve the form and terms and conditions of any assignment to the successor developer. The City and CMG shall use good faith efforts to finalize the form and substance of the developer assignment prior to June 30, 2024. CMG represents that, to CMG's knowledge, it is not a "Prohibited Party" as that term is defined in the hotel operator agreements and will confirm that the successor developer which assumes the interests in the PSDA, Development Agreement, and the other agreements relating to the construction, completion, and operation of the Talus project (including the hotel operator agreements) with the exception of the Olson and Granite agreements, and all right, title, and interest in the Developer -Held Properties is not permitted to be a "Prohibited Party" under the hotel operator agreements. Nothing in this MOU does or shall be construed as modifying the Parties' respective rights and obligations under the hotel operator agreements. Olson and Granite agree to participate in good faith negotiations for mutually agreeable construction agreements with the successor developer for their respective projects. 4.3 City Review and Approval of financing proposed by CMG. City shall have the right to review and approve, consistent with Sections 211, 304.4, and 311 of the Original PSDA and prior amendments, CMG's proposed financing and related agreements, pro-formas, and other documents, for the purpose of confirming CMG's implementation of paying -off debts owed, remediating the partial improvements on the Developer -Held Properties, and remobilizing and completing the construction of the Core Project Components (the "CMG Proposed Plan"), with the first Project Components to be completed being the Permanent Golf Clubhouse and Luxury Hotel (as defined in the PSDA). 4.4 Amendment to the PSDA. The City, CMG, and the successor developer shall have the rights, independently and respectively, to negotiate Amendment No.6 to the PSDA to memorialize, among other terms and conditions, the CMG Proposed Plan, revisions to the transient occupancy tax (TOT) -based rebate available after completion of the Luxury Hotel and Lifestyle Hotel, and revisions relating to conditions that must be met prior to a right of an option to purchase, and the purchase price for, the Future Development Property (as described in the PSDA as amended) and such other terms and conditions as may be required by CMG or the City (the "Required Modifications"). The City and CMG shall use best efforts to agree upon the Required Modifications prior to June 30, 2024. 4.5 Due Diligence/Review/Negotiation Period; Payment Deadline for Developer's Unpaid Obligations. Once CMG provides CMG's Notice Of Exercising Rights And To Proceed, the performance and completion of the Parties' respective rights and obligations in this Section 4 shall be for a period of no longer than sixty (60) days, commencing July 1, 2024; provided, however, that CMG shall pay-off all Developer Unpaid Obligations no later than thirty (30) days after July 1, 2024 (i.e., July 31, 2024, and referred to as the "Developer Unpaid Obligations Payment Deadline"), unless the creditor and/or beneficiary of an Developer Unpaid Obligation expressly consents to 5 476 DocuSign Envelope ID: 1 B78A5AB-4445-45E3-999B-B99DD47541 D4 nonpayment of the Developer Unpaid Obligation by delivering written notice, no later than July 15, 2024, to the Parties, that said creditor/beneficiary has voluntarily agreed to an accord and satisfaction for the debt owed and no sale at auction will be pursued by said creditor/beneficiary for payment (in whole or in part) of the Developer's Unpaid Obligation (referred to as a "Creditor Consent to Nonpayment of Developer Unpaid Obligation"). In explanation of the preceding sentence, and as an example, CMG has the obligation to pay-off the debt owed to Poppy that is secured by the Poppy Deed of Trust no later than the Developer Unpaid Obligations Payment Deadline, unless Poppy delivers to the Parties by July 15, 2024, written notice that Poppy will no longer pursue a sale at auction of the Developer -Held Properties that secure the Developer Unpaid Obligation owed to Poppy because Poppy and CMG have reached an agreement (accord) in satisfaction of the Developer Unpaid Obligation secured by Poppy's Deed of Trust. For any Developer Unpaid Obligation either paid -off by CMG or satisfied by a Creditor Consent to Nonpayment of Developer Unpaid Obligation, the creditor/beneficiary under a deed of trust or holder of a mechanics lien for said Developer Unpaid Obligation shall, within five (5) business days, take any and all actions necessary to execute and record in the Recorder's Office any and all instruments to remove from record title any notices of default, notices of sale, mechanics liens, and/or notices of lis pendens relating to said Developer Unpaid Obligation. In explanation of the preceding sentence, and as an example, if CMG pays -off in full the Developer Unpaid Obligation owed to Cypress by the Developer Unpaid Obligation Payment Deadline, Cypress shall, within five (5) business days of said payment, execute and record in the Recorder's Office a full reconveyance of the Cypress Deed of Trust, termination of the Cypress Notice of Sale, and release and termination from any and all notices of default with intent to sale for default under the Cypress Deed of Trust. If CMG fails to make any required payment on the terms and conditions set forth in this Section 4.5, this MOU shall automatically terminate and CMG shall have no further rights, liabilities or obligations under this Agreement. 4.6 Non -Interference with Existing Obligations forNon-Parties. Nothing in this MOU does or shall be construed as relieving or releasing any of the Parties from honoring binding agreements with third parties that have rights and obligations with the Talus project, provided, however, the Parties may have no knowledge of any agreements with third parties that would prevent a Party from performing its obligations under this Agreement. 4.7 CMG Termination Right. Notwithstanding anything to the contrary and for purposes of clarity, nothing in this MOU shall require or obligate CMG to move forward with any of the transactions contemplated by this MOU. CMG shall have the unilateral right (in its sole and absolute discretion) to terminate its obligations under this Agreement at any time prior to June 30, 2024 via delivery of written notice to the Parties (the "Termination Notice"). If CMG does not deliver the CMG Notice of Exercising Rights and To Proceed, CMG shall be deemed to have delivered the Termination Notice. 5. Agreement Relating to Bankruptcy and Receivership. To the maximum extent permitted by law, Developer agrees not to file for or initiate any proceeding in bankruptcy under any chapter of the federal Bankruptcy Act or any other federal or state debtor relief statute, and Developer agrees not to seek any receivership or placing in any receivership any of Developer's assets or the Developer -Held Properties or interests under the PSDA, pending the performance of the Parties under this Agreement. 6. Miscellaneous. 6.1 Governing Law. This MOU shall be governed by the internal laws of the State of California, without regard to conflict of law principles, and any question arising hereunder shall be construed or determined according to such law. The Superior Court of the State of California in and 6 477 DocuSign Envelope ID: 1 B78A5AB-4445-45E3-999B-B99DD47541 D4 for the County of Riverside, or such other appropriate court in such county, shall have exclusive jurisdiction of any litigation between the parties concerning this MOU. Service of process on City shall be made in accordance with California law. Service of process on Developer shall be made in any manner permitted by California law and shall be effective whether served inside or outside California. 6.2 Notices. All notices under this MOU shall be effective upon personal delivery, upon delivery by reputable overnight courier service that provides a receipt with the date and time of delivery, upon two (2) business days after deposit in the United States mail with postage certified and fully prepaid and addressed to the respective parties as set forth below, or the next business day upon delivery by e-mail with confirmation of receipt by the Party intended for receipt, to such address as the Parties have identified in the signature pages at the end of this MOU, or as may from time to time designate in writing. 6.3 Interpretation. The MOU shall be read and interpreted in a comprehensive, integrated manner, and in a manner that best implements the provisions of this MOU. 6.4 Time is of Essence. Time is of the essence for this MOU and of each and every term and provision hereof. 6.5 Definition of Days. The term "days" as used in this MOU means calendar days, and "business days" means every day except Saturday, Sunday, and federal or state recognized holidays that are observed by California state courts. 6.6 City Approvals and Actions. This MOU is entered into pursuant to Section 605 of the Original PSDA, and the City shall maintain authority over and implementation of this MOU through the City Manager pursuant to Section 605 of the Original PSDA. 6.7 Representations. The person(s) executing this MOU on behalf of each of the Parties hereto represent and warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this MOU on behalf of said Party, (iii) by so executing this MOU such Party is formally bound to the provisions of this MOU, and (iv) the entering into this MOU does not violate any provision of any other agreement to which such party is bound. 6.8 Counterparts; Electronic Signature. This MOU may be executed in counterparts, each of which, when this MOU has been signed by all of the parties hereto, shall be deemed an original, and each such counterpart shall constitute one and the same instrument. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, California's Uniform Electronic Transactions Act (Cal. Civ. Code § 1633.1, et seq.) or other applicable law) or other transmission method, and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes. The parties will rely on any electronic signature provided in connection with this Agreement as valid and effective for all purposes in performing services pursuant to this Agreement. [End of MOU — Signature pages follows] 7 478 DocuSign Envelope ID: 1 B78A5AB-4445-45E3-999B-B99DD47541 D4 IN WITNESS WHEREOF, the Parties have executed this MOU as of the date set forth above. DEVELOPER ADDRESS: SilverRock Development Company, LLC c/o The Robert Green Company 3551 Fortuna Ranch Road Encinitas, CA 92024 Attention: Robert Green email: robert@therobertgreencompany.com with copy to: Crosbie Gliner Schiffman et al. 12750 High Bluff Drive, Suite 250 San Diego, California 92130 Attention: Dana Schiffman Attention: Thomas Crosbie dschiffman@cgs3.com tcrosbie@cgs3.com Caldarelli Hejmanowski Page & Leer 3398 Carmel Mountain Road Suite 250 San Diego, CA 92121 Attention: William Caldarelli, Esq. wjc@chpllaw.com "DEVELOPER" SILVERROCK DEVELOPMENT COMPANY, LLC, a Delaware limited liability company By: The Robert Green Company, a California corporation Its: Manager DocuSigned by: By: Nam : 7F10551 �S. Green, Jr. Its: President and Chief Executive Officer "SRPI" SILVERROCK PHASE I, LLC, a Delaware limited liability company By: The Robert Green Company, a California corporation Its: Manager DocuSigned by: By: Na '7F10551�0� rtS. Green, Jr. Its: President and Chief Executive Officer "SRU SILVERROCK LAND II, LLC, a Delaware limited liability company By: The Robert Green Company, a California corporation Its: Manager DocuSigned by: By: Na :7F105513 obert S. Green, Jr. Its: President and Chief Executive Officer [Developer Signatures continued next page] 479 DocuSign Envelope ID: 1 B78A5AB-4445-45E3-999B-B99DD47541 D4 "SR Lodging" SILVERROCK LODGING, LLC, a Delaware limited liability company By: The Robert Green Company, a California corporation Its: Manager DocuSigned by: By- ! :7F1C5513®bert S. Green, Jr. Its: President and Chief Executive Officer "SR Lifestyle Residences" SR Lifestyle Residences, LLC, a Delaware limited liability company By: The Robert Green Company, a California corporation Its: Manager DocuSigned by: By. Na ; 7F105513 art S. Green, Jr. Its: President and Chief Executive Officer "SR Luxury Residences" SR Luxury Residences, LLC, a Delaware limited liability company By: The Robert Green Company, a California corporation Its: Manager DocuSigned by: By. Na ;7F105513 abert S. Green, Jr. Its: President and Chief Executive Officer [Developer Signatures continued next page] M 480 DocuSign Envelope ID: 1 B78A5AB-4445-45E3-999B-B99DD47541 D4 "RGC PA789" RGC PA789, LLC, a Delaware limited liability company By: The Robert Green Company, a California corporation Its: Manager DocuSigned by: By. L-7FlC551 Na4RUbert S. Green, Jr. Its: President and Chief Executive Officer [signatures continue on next page] -10- 481 DocuSign Envelope ID: 1 B78A5AB-4445-45E3-999B-B99DD47541 D4 "CITY" CITY OF LA QUINTA, a California municipal corporation and charter city EDocuSiUned by: bv" hA" 1FHEMF 14MCMillen Its: City Manager ATTEST: DocuSigned by: 56448CFi>{ka Radeva, City Clerk APPROVED AS TO FORM: CITY ADDRESS: RUTAN & TUCKER, LLP City of La Quinta DocuSigned by: 78495 Calle Tampico w U . I�,�. La Quinta, CA 92253 207EC30B$�m H. Ihrke, City Attorney Attention: Jon McMillen, City Manager Email: jmcmillen@laquintaca.gov with copy to: Rutan & Tucker, LLP. 18575 Jamboree Road, 9th Floor Irvine, CA 92130 Attention: William H. Ihrke bihrke@rutan.com [signatures continue on next page] -11- 482 DocuSign Envelope ID: 48B7E32F-915D-4B7E-BB1 D-C735984BDA46 "POPPY" Poppy Bank, a California chartered commercial bank cDocuSigned by: y,d �6F4�omez Title: EVP Chief Credit Officer L AE �a��yan Title: EVP Lending Officer POPPY ADDRESS: Poppy Bank 438 First Street Santa Rosa, CA, 95401 Attn: Ed Gomez Attn: Lisa Mills Email: egomez@poppy.bank Email: Imills@poppy.bank with copy to: Abbey, Weitzenberg, Warren & Emery 100 Stony Point Rd, Ste. 200 Santa Rosa, CA 95401 Attn: Mitchell B. Greenberg Email: mgreenberg@abbeylaw.com [signatures continue on next page] -12- 483 DocuSign Envelope ID: 1 B78A5AB-4445-45E3-999B-B99DD47541 D4 "CYPRESS" Cypress Point Holdings, LLC, a Nevada limited liability company DocuSigned by: Z& T C73CBW45T.rzo s Title: Managing Partner CYPRESS ADDRESS: Cypress Ascendant Holdings, LLC 12707 High Bluff Dr., Suite 340 San Diego, CA 92130 Attn: Bill Trzos Email: bill@cypress-ascendant.com with copy to: Michelman & Robinson, LLP 10880 Wilshire Blvd 19th Floor Los Angeles CA 90024 Attn: Edward D. Vaisbort Attn: Eric Rans Email: evaisbort@mrllp.com Email: ERans@mrllp.com [signatures continue on next page] -13- 484 DocuSign Envelope ID: 1 B78A5AB-4445-45E3-999B-B99DD47541 D4 "OLSON" R.D. Olson Construction, Inc., a California corporation L Signed by: -ooWifliam Wilhelm Title: President OLSON ADDRESS: R.D. Olson Construction 400 Spectrum Center Drive, Suite 1200 Irvine, CA 92618 Attn: William Wilhelm Email: BWilhelm@rdolson.com with copy to: Watt, Tieder, et al., LLP 4 Park Plaza, Suite 1000 Irvine, CA 92614 Attn: David McPherson Email: dmcpherson@watttieder.com [signatures continue on next page] -14- 485 DocuSign Envelope ID: 1 B78A5AB-4445-45E3-999B-B99DD47541 D4 "GRANITE" Granite Construction Company, a California corporation LDocuSigned by: Y atn, ald �A$i- Dowd Title: SVP and Group Manager, CA Group GRANITE ADDRESS: Granite Construction Corporate Headquarters 585 W. Beach Street Watsonville, CA 95076 Attn: Jordy Murray, Deputy Senior Counsel Email: Jordy.Murray@gcinc.com with copy to: Finch, Thornton & Baird, LLP 4747 Executive Drive San Diego, CA 92121 Attn: Andrea L. Petray [signatures continue on next page] Email: apetray@ftblaw.com [signatures continue on next page] -15- 486 DocuSign Envelope ID: 1 B78A5AB-4445-45E3-999B-B99DD47541 D4 "MONTAGE" Montage North America, LLC, a Delaware limited liability company LyjDOCUS19SDIn c1 t1.� �zs��a�caa S. Herthel Title: Authorized Signatory MONTAGE ADDRESS: Montage North America, LLC 3 Ada Parkway, Suite 100 Irvine, CA 92618 Attn: Jason S. Herthel Email: jason.herthel@montage.com with copy to: Dentons US, LLP 2398 E. Camelback Road, Suite 850 Phoenix, AZ 85016 Attn: Chair, Global Hotels and Leisure Email: rick.ross@dentons.com [signatures continue on next page] -16- 487 DocuSign Envelope ID: 1 B78A5AB-4445-45E3-999B-B99DD47541 D4 "CMG" IIDocuSigned by: r,U,V'tSfb/'+ ' F107489AK4bd'Stopher�l. George, an individual CMG ADDRESS: 3160 Crow Canyon Road, Suite 400 San Ramon, California 94583 Email: cgeorge@cmgfi.com with copy via email to: Rodriguez Wright LLP Attn: Stephen M. Wright, Esq. Email: swright@rodriguezwright.com [end of signature pages] -17- 488 tevau�� - — GEM of h, DESERT — DEPARTMENTAL REPORT ITEM NO.3 STVR QUARTERLY REPORT THE STVR PROGRAM CONSISTS OF PERMITTING, LICENSING, TAX COLLECTION, AND COMPLIANCE MONITORING AND ENFORCEMENT The City Clerk's Office issues all new and renewed STVR permits and related business licenses, handles Transient Occupancy Tax (TOT) collections, and assists STVR property owners with keeping their property in compliance with the STVR program. Number of STVR Permits: March 2024 - Total STVR Permits: 1,270 (Estate Permits: 71) 1,180 1000 500 43 47 0 Homeshares Primary Residence General Permits Figure 1 Active STVR Permits by Area - 2021, 2022, 2023, & 2024 Q-1: JAN-21 JAN-22 JAN-23 JAN-24 MAR-24 North La Quinta 140 115 110 110 113 Mid La Ouinta 148 122 92 90 89 'The Cove 292 252 23-6 226 230 South La Quinta (PGA Nest) 470 354 317 301 300 Permit Ban Area Totals 1 050 84:3 755 727 732 STVR Exempt Areas 270 :-'j31 434 -530 538 Ci"ide Totals 1,320 1,174 1,189 1,257 i,270 Table 1 ,;. The Code Compliance Department handles all compliance related matters for the STVR program, which includes managing complaints, COMPLIANCE conducting investigations, and taking enforcement actions, such as issuing notices of violations, administrative citations, and STVR Complaints: permit suspensions. Complaints: Permitted vs. Unpermitted 2024 Q-1 Total: 88 (with single -source complaints) JAN - 24 FEB - 24 MAR - 24 0 10 20 30 Permitted 'm' Unpermitted Figure 2 Complaints: Administrative vs. Disturbance 2024 Q-1 Total: 88 (with single -source complaints) JAN - 24 8 2 FEB - 24 MAR - 24 0 10 Administrative Figure 3 20 30 Disturbance all Complaints: Permitted vs. Unpermitted Complaints: Administrative vs. Disturbance 2024 Q-1 Total: 41 (w/o single -source complaints) 2024 Q-1 Total: 41 (w/o single -source complaints) JAN - 24 FEB - 24 MAR - 24 0 Permitted Figure 4 10 20 Unpermitted JAN - 24 FEB - 24 1 MATH 30 0 10 20 30 40 Administrative Disturbance Figure 5 490 Figure 6 above shows the year -over -year quarterly comparison of citywide STVR complaints for 2021, 2022, 2023 and 2024 Q-1. The year -over -year comparison of complaints received in 2024 Q-1 remain consistent with the number of complaints received in 2022 and 2023. The STVR program features a 24/7 STVR Hotline available to residents to call and report complaints or potential issues regarding STVR properties. These calls are answered by City staff or the call center vendor (see Picture -Chart included as Attachment 3), and each call is directed accordingly to a Code Enforcement Officer or the Local Contact on file for the STVR property. Calls can be reported anonymously. 24/7 STVR Hotline: (760) 777- Citations: ., ce A 2023 & 2024 Q-1 STVR Citations: Permitted vs. Unpermitted Q-12023 Q-2 2023 Q-3 2023 Q-4 2023 Q-12024 Permitted Citations Unpermitted Citations Figure 7 Figure 8 shows the vast majority of citations in 2023 and 2024 Q-1 were issued 40 for administrative matters, primarily for operating and/or advertising without an STVR permit: 20 - 85% in 2024 Q-1 - 93% in 2023 0 Figure 7 shows the vast majority of citations in 2023 and 2024 Q-1 were issued to unpermitted properties: - 77% in 2024 Q-1 - 87% in 2023 2023 & 2024 Q-1 STVR Citations: Administrative vs. Disturbance Q-12023 Q-2 2023 Q-3 2023 Q-4 2023 Q-12024 Administrative Citations Disturbance Citations Figure 8 492 The STVR program collects Transient Occupancy Tax (TOT), fees for citations and inspections, and all program operating costs such as STVR permit and business licensing fees. Table 2 below provides an overview of the annual STVR program revenues for calendar years 2020, 2021, 2022, 2023, and 2024 Q-1. STVR Annual Revenue Summary: 2020 - 2023, & 2024 Q-1 7Mp�� Transient Occupancy Tax (TOT) $4,513,085 $5,921,344 $6,586,848 $6,179,125 $1,468,858 Citation Fine Collections* $327,112 $447,950 $180,750 $242,592 $15,833 STVR Permit Fee $307,781 $758,780 $943,150 $957,750 $259,500 STVR Permit Inspection Fee $9,425 $1,950 $1,300 $1,950 $975 STVR Permit Business License Fees: $55,000 (estimated) $50,00(. (estimated) $47,000 (estimated) $50,786 $13,388 Total STVR Permits/Licensing Fees: $372,206 $810,730 $991,450 $1,010,486 $273,863 Table 2 *Citation Fine Collections are current as of Mav 1. 2024 493 ATTACHMENT 1 4 01114 CALIFORNIA - AVENIDA CARRANZA 1-1 FRED WARING DR 1' CALLE DURANGO EISENHOWER DR CALLE TECATE AVENIDA BERMUDAS WASHINGTON ST STVR AREAS STVR Exempt Areas Map ID Development Name Exemption 1 Homewood Suites (La Quinta Desert Villas - Center Pointe) Tourist Commercial District 2 Legacy Villas Tourist Commercial District & Development Agreement 3 La Quinta Resort including Spa & Tennis Villas Tourist Commercial District & Adjacent to TC District 4 Embassy Suites (Casitas Las Rosas) Village Commercial District 5 Village Commercial Village Commercial District 6 SilverRock Resort / Talus Tourist Commercial District 1 SilverRock Resort Specific Plan 7 Club at Coral Mountain Development Agreement 8 Signature at PGA West (Haciendas) Tourist Commercial District 9 Puerta Azul Entitlement Approval 10 Southwest corner Avenue 62 & Madison St Tourist Commercial District- Undeveloped 11 Northwest corner Avenue 64 & Madison St Tourist Commercial District - Undeveloped 12 Palo Villas Residences Development Agreement 13 Mery Griffin Estate Estates at Griffin Lake Specific Plan 14 51555 Madison Street Large Lot Qualified & Certified; Resolution No. 2024-011 15 51251 Avenida Obregon Large Lot Qualified & Certified; Resolution No. 2024-012 50TH AVE 0 0 Lu L u Lu - 52ND AVE 54TH AVE 13 58TH AVE AIRPORT BLV 0 O z V1 r CI City Boundary STVR Exempt Area STVR Exempt Area - Large Lot Qualified & Certified City Areas North La Quinta FT Cove Mid La Quinta South La Quinta 494 0 2 Miles N A ATTACHMENT 2 Number of Permitted STVR Properties per Development 1,270 Active STVR Permits as of 3/31/2024* North La Quinta Acacia Bella Vista Cactus Flower Del Rey Desert Pride Indian Springs Neighborhood La Quinta Del Oro (Not Gated) La Quinta Highlands Marbella Monticello Qu i nterra Rancho Ocotillo Sonrisa Topaz Vista Grande Westward Ho/Westward Shadows Westward Isle North La Quinta Total STVR Permits: 11 9 10 2 11 6 7 14 4 12 3 3 6 11 2 1 1 113 South La Quinta Estates at La Quinta 1 La Quinta Fairways 4 PGA West: Fairways 96 PGA West: Res I 136 PGA West: Res II 61 Village at the Palms 2 South La Quinta Total STVR Permits: 300 Cove The Cove Large Lot Qualified & Certified Cove Total STVR Permits 1 229 1 230 • La Quinta Avenida La Fonda Neighborhood (Desert Club TR Unit 2) Calle Fortuna Neighborhood (Desert Club TR Unit 1) Desert Club Estates (Desert Club TR Unit 5) Enclave Haciendas at La Quinta Highland Palms Neighborhood Montero Estates (No HOA) Renaissance Sagebrush Neighborhood (Desert Club Manor TR 1) Santa Rosa Cove Seasons at La Quinta (Residential) Mid La Quinta Total STVR Permits: 2 3 15 1 1 12 2 1 7 43 2 89 Exempt Casitas Las Rosas Legacy Villas Mery Griffin Estate PGA West:Signature Polo Villas Puerta Azul Spa Villas at LQ Resort Tennis Villas 74 215 1 150 18 38 10 32 538 Exempt Total STVR Permits *This information is current as of March 31, 2024 and is updated on a quarterly basis 495 24/7 STVR HOTLINE - (760) 777-7 ALL CALLS MADE TO THE 24/7 STVR HOTLINE ARE ROUTED ACCORDINGLY DEPENDING ON THE DAY/TIME OF THE CALL AS SHOWN BELOW CITY CODE COMPLIANCE ANSWERS CALL TO HOTLINE IS THE CALL AND GATHERS COMPLAINT RECEIVED AND PROPERTY INFORMATION FROM CALLER* A HOTLINE VENDOR ANSWERS CALL CALL TO HOTLINE IS AND GATHERS COMPLAINT AND RECEIVED PROPERTY IN A CALL TO HOTLINE IS m HOTLINE VENDOR ANSWERS CALL AND RECEIVED GATHERS COMPLAINT AND PROPERTY INFORMATION FROM CALLER CITY CODE OFFICER IS DISPATCHED TO PROPERTY. DEPENDING ON SITUATION, LOCAL CONTACT MAY BE CALLED** CITY CONTRACTED SECURITY PATROL )FFICER IS DISPATCHED TO PROPERTY. DEP HOTLINE VENDOR CONTACTS LOCAL CONTACT ON FILE FOR STVR PROPERTY TO ADDRESS COMPLAINT OR SHERIFF'S DEPARTMENT IF NEEDED REPORTS AND INFORMATIONAL ITEM NO. 31 lmspringspa INTERNATIONAL AIRPORT AIRPORT COMMISSION MEETING AGENDA Airport Conference Room, Palm Springs International Airport 3400 E. Tahquitz Canyon Way, Palm Springs, CA 92262 Wednesday, May15, 2024 - 5:30 P.M. To view/listen/participate virtually in the meeting live, please contact Tanya Perez at Tanya. Perez(@Palmspringsca.gov or the following telephone number (760) 318-3805 to register for the Zoom meeting. There will be an email with Zoom credentials sent after registration is complete, in order to access the meeting and offer public comment. Registration is not required to attend the meeting in person. In addition, the meeting will also be teleconferenced pursuant to Government Code Section 54953 from the following location(s): TELECONFERENCE LOCATION(S): Commissioner Tracy Martin— City of Palm Springs 2777 Ori Avenue San Jose, CA 95128 Each location is accessible to the public, and members of the public may address the Airport Commission from any of the locations listed above. Any person who wishes to provide public testimony in public comments is requested to file a speaker card before the Public Comments portion of the meeting. You may submit your public comment to the Airport Commission electronically. Material may be emailed to: Tanya. Perez c( Palmspringsca.gov - Transmittal prior to the start of the meeting is required. Any correspondence received during or after the meeting will be distributed to the Airport Commission and retained for the official record. To view Airport Commission meeting videos click on YouTube. City of Palm Springs: Riverside County: City of Cathedral City: City of Palm Desert: Aftab Dada - David Feltman Margaret Park Tony Michaelis Kevin Wiseman Chair Kevin J. Corcoran Vice Chair J Craig Fong City of Indian Wells: Robert Berriman City of Coachella: Denise Delgado City of Rancho Mirage: Keith Young Vacant Tracy Martin Todd Burke M. Guillermo Suero City of La Quinta: Kathleen Hughes City of Desert Hot Springs: Jan Pye City of Indio: Rick Wise Daniel Caldwell I Dave Banks Palm Springs City Staff Scott C. Stiles Harry Barrett Jr., A.A.E. Jeremy Keating City Manager Airport Executive Director Assistant Airport Director 497 Airport Commission Meeting Agenda May 15, 2024 — Page 2 1. CALL TO ORDER — PLEDGE OF ALLEGIANCE 3. ROLL CALL 4. ACCEPTANCE OF AGENDA 5. PUBLIC COMMENTS: Limited to three minutes on any subject within the purview of the Commission 6. APPROVAL OF MINUTES: Minutes of the Airport Commission Regular Meeting of December 20, 2023 7. DISCUSSION AND ACTION ITEMS: 7.A Baggage Claim Expansion 7.113 Landside Relocation Phasing 7.0 Marketing and Air Service Update 7.11) 2024 Airline Incentive Program 7.E Operations, Properties, Facilities Committee Update 71 Concessions Projected Opening Dates Update 7.G Measure J Update 7.1-11 Financial Summary Update 7.1 Airport Mural Update 7.J AirportNEXT Survey 7.K Projects and Airport Capital Improvement Program Update 8. EXECUTIVE DIRECTOR REPORT 9. COMMISSIONERS REQUESTS AND REPORTS 10. REPORT OF COUNCIL ACTIONS: 10.A Past City Council Actions 10.13 Future City Council Actions 11. RECEIVE AND FILE: 11.A Airline Activity Report April 2024 11.13 Airline Activity Report Fiscal Year Comparison 12. COMMITTEES: 12.A Future Committee Meetings Airport Commission Meeting Agenda May 15, 2024 — Page 3 ADJOURNMENT: The Airport Commission will adjourn to a Regular Meeting on June 18, 2024, at 5:30 P.M. AFFIDAVIT OF POSTING I, Harry Barrett, Jr., Airport Executive Director, City of Palm Springs, California, hereby certify this agenda was posted on May 9, 2024, in accordance with established policies and procedures. PUBLIC NOTICES Pursuant to G.C. Section 54957.5(b)(2) the designated office for inspection of records in connection with the meeting is the Office of the City Clerk, City Hall, 3200 E. Tahquitz Canyon Way. Complete Agenda Packets are available for public inspection at: City Hall Office of the City Clerk. Agenda and staff reports are available on the City's website www.palmspringsca.gov. If you would like additional information on any item appearing on this agenda, please contact the Office of the City Clerk at (760) 323-8204. It is the intention of the City of Palm Springs to comply with the Americans with Disabilities Act (ADA) in all respects. If, as an attendee or a participant at this meeting, or in meetings on a regular basis, you will need special assistance beyond what is normally provided, the City will attempt to accommodate you in every reasonable manner. Please contact the Department of Aviation, (760) 318-3800, at least 48 hours prior to the meeting to inform us of your particular needs and to determine if accommodation is feasible. 499 Palm Springs Airport Commission Report — May 15, 2024 Meeting Discussion and Action Items: Baggage Claim Expansion — Two options were shown to the commission. The larger one although more expensive would handle the needs of today as well as the future. Commission supported this latest version of baggage claim. Landside Relocation for CONRAC Alternative Updates — There are three approaches but bottom line is that it will take 6-7 years to complete and there will be construction ongoing until it is finalized. Before any decisions are finalized it is imperative that revenue projections be done and cash flow/environmental impact on airport study need to be completed. No easy solution. Marketing and Air Service - 737 MAX issues and SFO runway work continue to impact PSP's summer capacity. We are seeing an increase in seats over last year beginning in October. April did have an increase of 0.8% over last year which makes it a record month. American increased flights to Phoenix to 4 times a week through August. 2024 Airline Incentive Program — A new incentive option to develop increased summer traffic has been added which makes it more lucrative to airlines. The current program has been updated to be more competitive with other airports across the nation and to review what targe airports we need to gain additional lift to be competitive in the market. Operations, Properties, Facilities Committee Update — The City of Palm Springs did not approve the Airport Master Plan sending it back to the airport staff to revisit the impact the car facility development and expansion plan will impact PS Air Museum, USO, and other key stakeholders. There is also a concern about impacting public parking for downtown PS. Asked for revision to be returned in 2 months meaning it will take until October/November to be evaluated once again by City Council. Concessions Update — all on schedule for projected opening dates. Hey Joshua and Las Palmas Oasis are now open and Cactus to Clouds and Las Casuelas & Coachella Valley Coffee will be open by June 21. Half Moon Empanadas is back on schedule for end of January. Measure J Update — In progress. Airport staff and commission are proceeding with a replacement of carpet in Wexler terminal to tile which is more fitting with historic sense of the building, shade structures for Wexler building delayed due to need of approval from Federal Historic Preservation Register (so much for offering travelers shade to stand under while they wait for Uber or taxi during the heat of summer) and restroom renovations (desperately needed for last 6 years) is waiting for Gensler to start their conceptual design work which will take at least 2 months. Do not expect any renovation to commence for a year in my opinion. This whole process with Measure J is so frustrating. Financial Summary Update — Victoria Carpenter, Finance Director, simply stated that the airport continues to be profitable. There are two months left in this financial year and nothing appears to hinder the airport for not having a stellar year. The YTD annual revenue is $35,815,517 compared 500 to FY 22-23 at 45,733,205 which had $15m in revenues from the one-time CARES & ARPA grand funds. FY 20-21 has $15,316,473 but was impacted by COVID. Airport Mural Update — Delayed but forthcoming this summer Airport Next Survey — Key stakeholders and a sampling of residents will be taken to gain opinion of PSP airport. (I am not sure why this is being done now when frustration reigns for airport staff and airport commission over bureaucratic roadblocks continue to stop progress.) Projects and Airport Capital Improvement Program: Will be mentioned in the Executive Director Report. Executive Director Report — Other than those reported above the balance of the Capital Projects progress is noted below by Harry Barrett: Taxiway W and Al Rehabilitation- in design, Baggage Claim Expansion and Renovation delayed and remains in environmental review, Outbound Baggage Handling System Replacement — in design, Public Parking Electrification — Lot D — staff is preparing a request for developing cost recovery rate and fee plans of EV charging stations and lastly Feasibility Study for Federal Inspection Station (international air service) — in process. One emerging Development that concerned me is a request via AMVETSW Post 66 to support a peace pole on airport site and located in over 180 countries around the world. It would be in the memory of Lew Stewart and Ken Schecher-Bowers. None of us knew who these individuals are. I mentioned Hunter Lopez consideration and another valley veteran was also mentioned by Commissioner from Indian Wells. There were no Commissioner Requests or Reports nor any report on Council Actions. Last Commission Meeting for this financial year will be on June 18, 2024 at 5:30 pm. 501 POWER POINTS CITY COUNCIL MEETING JUNE 49 2024 City Council Regular Meeting June 4, 2024 CVAG BE A PART OF THE Coachella Valley Broadband Strategic Plan Survey OPEN through June 30, 2024. RESPONSES ARE ANONYMOUS AND CONFIDENTIAL fflk,-qm� _0 -- - ;�-� - --- C'AL[FORNIA yp TAKE THE SURVEY! City Council Regular Meeting June 4, 2024 CLOSED SESSION IN PROGRESS CVAG BE A PART OF THE Coachella Valley Broadband Strategic Plan Survey OPEN through June 30, 2024. RESPONSES ARE ANONYMOUS AND CONFIDENTIAL TAKE THE SURVEY! Pledge of Allegiance 6/5/2024 -REEW I 6/5/2024 City Council Meeting June 4, 2024 P1 - Chuckwalla National Monument Update by Katie Barrows Lz I LA. ON June 4, 2024 Proposal Overview Establish new Chuckwalla National Monument ➢ Approx. 627,855 acres BLM-managed lands Expand Joshua Tree National Park ➢ Approx. 17,915 acres BLM-managed lands in Eagle Mountain area to be managed by National Park Service © Colin Barrows O i Proposed Chuckalla National Monument & Joshua Tree National Park Expansion Key Provisions Only applies to federal/BLM land No effect on lawful use of private property - ➢ Rights of way, utility corridors, ooinfrastructure not impacted Compatible with proposed pump storage project Compatible with Salton Sea restoration efforts roposed boundaries do not overlap by areas zoned for renewable energy under URECP June 4, 2024 13 The Chuckwalla National Monument will protect environmental resources and tribal lands while creating an energy corridor for the electric power lines essential for the state's clean energy future." Pedro J. Pizarro, President and CEO, Edison International i .per 3 .•'- .f 14 lF a 7 National monument desienation What does it do/not do? • Not Wilderness • Existing legally designated OHV routes remain in place at time of designation • Existing recreational uses including hiking, OHV use, hunting, rockhounding • Permanent withdrawal from extractive uses (new mining claims) O Values: Indigenous landscapes r Values: Historical Sites World War 11— Gen. Patton's Owe Desert Training Center (1942- 1944) Blythe was located in the DTC and played an important role (Blythe Army Air Base) Remnants of Eagle Mountain Railroad '. Values: Habita Conservation Chuckwalla Desert Bighorn Sheep © Luke Basulto © Davi�mfrom r - w � _ Desert Tortoise © Joshua Tree National Park Values: Diverse { 1 Recreational Uses Protect popular laces like Corn h 19 - Springs, Box Canyon, Painted Canyon, and historic _ Bradshaw Trail f _. Local Support Expressions of support frnm- • Calipatria • Cathedral City • Indian Wells • Indio • Palm Desert • Palm Springs • Desert Hot Springs • Banning • Imperial County Sup. Ryan Kelley • Imperial Irrigation District Y �t 5�1 a��. F• J 5 ' G'* ��• •tip ;� .��.k, Other Supporters • Palm Desert Historical Society 1 `F • La Quinta Historical Society • Visit Greater Palm Springs - Convention & Visitors Bureau all • VetVoice Foundation (national)' • Coachella Valley Mountains Conservancy • Desert Trails Coalition • Desert Recreation District (Indio) • Over 100 local businesses r THANK YOU! Questions? r1 Protectchuckwalla.o ADAMARI IOTA 191 COACHELLA if Ifaselea is a vital al�ntarrtta l'rfa yet we ruin It whathar it In for our personal air econarnia InterasL. l want our community had ibble to Grq*te thtaw mernariea 'WI th n15tarp, regal1 Sham, and bs proud at the enwironmentsloy t ;era ourraundod CV.Tharsforo it Is 1mpartant to pro toot it, tnd the Chuakwalla National Monument will dothat, 71 �c 6/5/20,24 CALIFORNIA - City Council Meeting June 4, 2024 131 - Approve Burrtec Waste Management and Recycling Services Amendments and Updates Lz CNELMt011 [A' RPM�� _ June 4, 2024 a7 AGENDA • 2023 Year in Review • Public Education and Outreach • HOA 2024 SB 1383 Implementation • SB 1383 Compliance Update • Resources 40 BURRTEG 13 Organics Residents helped divert 4,475.64 tons of organic materials from the landfill. Businesses helped divert 4,520.25 tons of organic material from the landfill. Recycling Residents helped divert 3,142.76 tons of recycling from the landfill Businesses helped divert 925.15 tons of recycling from the landfill. I 2023 City Launched its Free Residential Curbside Household Hazardous Waste Program. 350 Residents participated in the program, helping to keep our community clean and safe. iB URRTEC ,- tit, 'rr Jr04� t fa< r,j rr'• u artr.•neur•ii}*� # wA " Rrrcyu, PROGRAM— f' YW XAVY, l��fMlssl�It0MC M■u�ric'°'IW t 9A0. FrF �w R! BURRTEc BURRTE � "1#e•'11 firke Cure flf1;"' June 4, 2024 Q'i HOA 2024 - SB 1383 Implementation 0 June 2024 Education and Residents receive US City Staff and Outreach: Mail Notification Burrtec Property Managers (Letter and Welcome commenced are provided an to your new outreach to our implementation Tool program) Gated kit. Communities Residents receive Organics Program Equipment C? Continued Education 15 June 4, 2024 SB 1383 Compliance Update sa xSea co��st Canr�ra�� • Commercial Business Recycling Programs • 99% Compliant ■arxcamahni I ■ sx WLCUl,mluti • Edible Food Recovery Program • Organics Compliance Officer • Continued Monitoring • Recovered Organic Procured Product • Compost and Mulch Procured • City Facility Land Application use • Continued Monitoring 31 P=HEN PAIL TIPS .DCY,�M�ECpI N1. r I,Q aNIM4Lu.. „�llf AL 9% q ♦' k "11e71 Tak• £'ure 0111" 16 �r THANK YOU, for keeping La Quinta Clean and Beaujyfj& Contact Us Clara Vera, Municipal Marketing Manager Customer Service 760-340-2113 yPF 6/5/2024 9r CALIFORNIA City Council Meeting June 4, 2024 B2 —Approve Cancellation of the August 20 and September 3 Regular City Council Meetings r 4 �. - -ti 4 0, j%QCwV -- - ;�- CALIFORNIA t 6/5/2024 City Council Meeting June 4, 2024 B3 - Approve MOU with County of Riverside for Library, Museum, and Makerspace Management and the Purchase of A Dedicated Resource Van Library, Makerspace, Museum Management • City contracts County of Riverside (RivCo) for Library and Museum operations • In 2018 management of the Makerspace was added to the MOU • RivCo subcontracts with Library Systems and Services Inc. (LSSI) to oversee daily operations Library, Makerspace, Museum Management • RivCo and LSSI collaborate to implement programming including: — New exhibits, programs, and music performances — Special events (Dia De Los Ninos and Bookfest) — Hydroponic Farm — Makerspace classes and workshops Library, Makerspace, Museum Management Van Options One -Time Cost Option 1 (Basic) I Option 2 (Enhanced) • Staff recommends Option 2 (Enhanced) which includes additional supplies (31D printer and microscopes), generator, and charging station capabilities. June 4, 2024 41 42 21 June 4, 2024 ibrary (Option B) $1,2 68 80 1,325,404 ,1 I $1,406, .' $1M Dn Purchase $258_ j �lm dA"IhL Museum $2211$228,093 $23� �,243 Makerspace $185,595 If $191,163 $196,898, $202,80 F7$'-208,889 i T,WAL,M $1,951,845 ALfij.44,66jEE797,00vLj1,850,910 $1,906,437 43 44 22 City Council Meeting June 4, 2024 B4 - Approve Wd Round of Community Services Grants Fiscal Year 2023/24 1 1 - - - ---T - , Community Services Grants • Nonprofit organizations are eligible to apply for grants up to $5,000 • Starter grant of $500 is available for first time applicants • Requests are reviewed by Ad Hoc Community Services Grants • $63,550 remaining this round • 11 organizations applied for $46,000 in grant funding • Committee is recommending funding all $46,000 • If approved, $17,550 remains Community Services Grants APPLICANT Coachella Valley Housing Coalition (CV Desert Arc Do the Right Thing (DTRT) Family YCMA of the Desert First Tee Coachella Valley Girls on the Run (GOTR) Habitat for Humanity, CV LQHS Wrestling Boosters PS Test Inc. Variety - Children's Charity of the Desert Warrior One Camp Total *Starter Grant ESTED I RECOMMENDATION C ALIFQRNLA City Council Meeting June 4, 2024 B5 - SilverRock Resort 2024/25 Annual Plan and Golf Course Management r .d ma's' •lY' �1qL 'a 4�� +i _ f. Fiscal Impact • Operating Revenue $5,248,776 • Operating Expenses $5,476,252 • Net Loss ($ 227,476) • SilverRock Property Management /Oversight Expenses — General Fund Advance $500,000 — City Management/Oversight-$310,000 — Resident Card Revenue $150,000 — Final Surplus/(Deficit) ($ 112,524) General Fund to Underwrite Up To ($500,000) Annual Plan Assumptions • Impact of Site Construction — 44,545 Rounds = $98.93 avg. Green Fee and $108.53 per round • Minimum Wage will increase $2.00 to $18.00 per hour on January 1, 2025 • Continue 2% into Capital Reserves or approximately $88,000 — Current Capital Reserve Balance of $625,000 • Management Fee increased 5% to $137,232 per Amendment 6 • Advertising Budget $113,787 -t V Discussion and Questions .. Thank You F / MIA -.�. June 4, 2024 History ► SilverRock Resort Golf Course was built in 2004 Er opened in early 2005 ► 3 other golf courses were built Et opened approximately same time frame in the Coachella Valley; Classic Club, Stone Eagle Et Shadow Hills ► All 4 courses were planted with a new hybrid Bermuda Grass, TifSport ► It was soon discovered that TifSport Grass did not transition very well in the summer months Et created unplayable turf conditions for most of the summer ► Stone Eagle replaced their turf after 2 years of poor transitions and conditions No. The other 3 courses including SilverRock have done their best to manage the summer months but it remains an issue each summer ► With 2 Luxury Hotels eventually opening at SilverRock, summer turf conditions need to be improved 56 ME PA do .a .� __tF-�•� -�ti__. _-4a�'-77 � .4 ��, �, `++-r-tiv-+•'lam � - t 'ter 'T ��_ _� *'S v�'._� -_, . "�/f i■` �a . '. �* . ]'�• � � �''�C= , l�. { y�� ..�� •t the �—� — ��.;— .— � -r_- � .��#F - u�'Y _ Ja� i _ _ t- - tti� S-i3Y�'�M1'R_y l�.' y-Y ��a . • .�_ � _ .__ - �' �� _ _—'y ._ -� a � yti. _ - J :� • fir= .._•` a� - _ aft �^� _y./= tr' .4 t `i. •' x.:.-...�, -e ..z.'_''�.=�C-'a•"ram..."" _ _ �J--Y.. �� '""� •'—z:.••�•-+;*�.'•'d��'�—� -r,�. y� y i.1Sp(-kaa - M1�n 1- 7 �T'.'�T yYT+-... �J i-+ yam_ _ - r� . _ _ _ _ _ •+.: .M� �- G June 4, 2024 63 [:i! 32 June 4, 2024 65 Landmark Recommendation PLANT A TEST HOLE - Replant hole #5 with a variety of the new Bermuda variants that have proven to transition faster, hold color year round, tolerates overseeding and has increased drought tolerance. ► Hole #5 will be out of play this summer from July -August (6-8 weeks) ► The current hole #7 (Par 5) would be converted into two (2) holes, a short par 4 and a par 3 during the 6-8 week grow -in period or until hole #5 is ready for play The new turf on hole # 5, would not be overseeded this Fall and would be observed to ' see how it plays, looks, reacts to traffic over the 2024-2025 golf season. ► If successful, we could then look at replanting the other 17 holes in a similar fashion over a two (2) year summer plan ► For example, Front 9- Summer 2025, Back 9 - Summer of 2026 Savings and Benefits ► Potential Expense Savings (seed, water and labor) would be approximately $250,000 Annually ► Increased Revenue from not closing the golf course for the entire month of October (31 days) to overseed, $400,000-500,000 Annually ► Net Positive Impact (Savings £t Increased revenue) up to $750,000 Annually ► Improved playing conditions year round with no spring/summer turf transition ► Superior aesthetics and appearance from Hotel and Home sites ► Less down time for summer greens aerification and faster recovery ► Less Water Usage in Summer Months 33 ..... . . . . . . i ;=}CALIFORNIA City Council Meeting June 4, 2024 B6 - Adoption of Local Hazard Mitigation Plan k4x f 0 Background • The Disaster Mitigation Act of 2000 requires local governments to adopt a pre -disaster mitigation plans. • The Local Hazard Mitigation Plan (LHMP): — Identifies the City's Hazards. — Reviews and assess past disaster occurrences. — Estimates the probability of future occurrences and sets goals to mitigate potential risk. Key Hazards The LHMP identifies the following key hazards and their probability of future occurrences: 1. Earthquakes - the highest probability and severity rating due to potential city-wide impacts. 2. Floods - high probability and critical severity rating in localized areas that experience flash flooding. 3. Extreme Weather - high probability and critical severity rating due to summer temperatures that average over 100°F (with occasional highs above 120°F) as well as wind events. 4. Drought - some probability and critical severity rating when coupled with high summer temperatures. LHMP Goals The LHMP outlines the following goals to reduce or mitigate risk: Goal 1: Complete mitigation policies and strategies contained in the La Quinta General Plan. Goal 2: Utilizing grant funds and agencies funded by FEMA to continue training staff, and purchase supplies for emergency preparedness. Goal 3: Continue to train and educate the public and business community through CERT program. Goal 4: Encourage pet owners, individuals with access and functional needs, and residents with specialized individual needs to preplan. Goal 5: Enlist the support of individuals, and community groups to support and promote CERT as well as encourage self resiliency. Mitigation Funding Opportunities The City of La Quinta has the same funding opportunities as Riverside County Operational Area. The LHMP is required to receive any funding. Measure A - Money used to maintain and construct local streets and roads. Air Quality Management District - Additional registration fee on motor vehicles. These revenues are used to reduce air pollution from motor vehicles. Grants - The City of La Quinta receives various grant funds from various local, state, and federal agencies. Gas Tax -Gas Tax funds are used for various transportation purposes, including street -related projects, construction, and maintenance. Questions EL., -- - - --- C-ALIFORNIA .� pr LOW `i June 4, 2024 M1 Fund # 101 201 212 220 235 241 Fund Name General Fund Gas Tax Fund SLESA (COPS) Fund Quimby Fund South Coast Air Quality Fund Housing Authority Fund 250-259 Developer Impact Fee Funds (multiple) 601 SilverRock Fund TOTAL ADJUSTMENTS ALI FUNDI r1. Revenue $ 3,669,000 39,300 60,000 (50,000) 25,000 370,000 (2,085,000) F 0 Expenses $ 238,000 (15,000) 330,000) 350,000 366,000 2,378,300 $ 919,000 KM June 4, 2024 77 VIV 39 June 4, 2024 MI E it, 20 --4w CALIFORNIA -iF City Council Meeting June 4, 2024 S1 - Discuss Fiscal Year 2024/25 Preliminary Proposed Budget June 4, 2024 83 84 42 Special Funds • Gas Tax Fund • Lighting and Landscape Fund • Finance Authority Fund • Library & Museum Fund • Measure Fund • Development Impact Fee (DIF) Funds Capital Improvement Plan ➢ 2024/25 through 2028/29 CIP Plan discussed on April 2, 2024 ➢ Focus on transportation and parks & facilities projects PA .n Discussion & Questions June 5 Financial Advisory Commission - Measure G Sales Tax Use June 12 Housing Commission - Final Review of Housing Budget June 18 City Council — Final Budget Adoption { :7 TO CALIFORNIA Housing Authority Special Meeting June 4, 2024 t � 3 c.:;1I.l� ' RNIA — — Housing Authority Special Meeting June 4, 2024 S1 - Discuss Fiscal Year 2024/25 Proposed Budget I 4rj �x l r �#r Revenue Projections ■ Fund 241 — Adjustments to rent revenue & interest earnings ■ Fund 243 — Includes annual loan repayment $701,163 & interest earnings ■ Fund 249 — Reduction due to land purchase on HWY 111 & Dune Palms Rd Va ria nce Variance 0/0 2023/24 2023/24 2024/25 Housing Fund Revenues Original Current Original vs. proposed Current vs. Change Current Adopted Total Operating Revenues 2,154,915 1,163 (1,310,761) Expense Projections ■ Fund 241 — Rental expenses, legal fees, and salaries & benefits ■ Fund 243 — Homelessness funding ■ Fund 249 - Evaluate future affordable housing projects, no anticipated land purchases 2023/24 2023/24 Variance 2024/25 Variance % Housing Fund Expenditures nrininal f ,irran* Original vs. Drnnncarl Current vs. rhnnna Total Expenditures 2,096,340 6,120,532 (3,905,092) 2,215,440 (3,905,092) -64% Housing Fund Balances CITY OF LAQUINTA ESTIMATED ENDING FUND BALANCES FISCAL YEAR ENDING JUNE 30, 2024 ESTIMATED ESTIMATED AVAILABLE FUND ENDING FUND BALANCE ESTIMATED ESTIMATED BALANCE FUND NAME July 1.2024 REVENUES EXPENDITURES June 30.2025 now— = GRAND TOTPMW- 15,500,000 2,231,163 2,215,440 15,515,723 W ll� " General Fund and RDA Low-lvlod 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 2024/25 is $701,163. FY 2024/25 Proposed Budget Next Steps _. • Housing Commission review & approval on 06/12/2024 • Budget Adoption on 06/18/2024 • Monitor and adjust as needed For the latest budget information visit. www.laquintaca.gov/business/finance/budget - e CALIFORNIA - �s . WRITTEN PUBLIC COMMENT CITY COUNCIL MEETING JUNE 4, 2024 CITY COUNCIL MEETING - JUNE 4, 2024 - WRITTEN PUBLIC COMMENTS FROM RESIDENT TRACY BARTLETT CONSENT CALENDAR ITEM NO. 9 - IN SUPPORT OF THE PROPOSED CHUCKWALLA NATIONAL MONUMENT From: Tracy Bartlett <tlbartlett19@gmail.com> Sent: Monday, June 3, 2024 11:35 AM To: City Clerk Mail Cc: Jennifer Nelson Subject: Support for Chuckwalla National Monument Good morning Madam Mayor and City Council members! My name is Tracy Bartlett and I am a resident of La Quinta. I've lived here full-time for the last ten years. I am a certified UCR California Naturalist and Climate Steward. I strongly support the proposed designation of Chuckwalla National Monument and expansion of Joshua Tree National Park. Safeguarding these wild spaces will greatly benefit residents and communities in the entire region by helping ensure more equitable access to nature for local residents and protect popular recreation sites. Protecting these spectacular wild lands will also safeguard Indigenous homelands and cultural resources, encourage more people to enjoy our beloved federal public lands and world class natural areas thus boosting local economies, preserve the region's historical values, and conserve important wildlife habitat and movement corridors. Permanently safeguarding these lands from development is critical to our state's efforts to fight climate change and the impact of climate change on Coachella Valley residents. The longterm health of our valley communities is directly impacted by the health of our surrounding desert environment. I encourage you and the La Quinta City Council to support this exciting proposal for a new Chuckwalla National Monument. Thank you for your consideration of this request. Tracy Bartlett CITY COUNCIL MEETING - JUNE 4, 2024 - WRITTEN PUBLIC COMMENTS FROM RESIDENT ROBIN HART CONSENT CALENDAR ITEM NO. 9 - IN SUPPORT OF THE PROPOSED CHUCKWALLA NATIONAL MONUMENT From: Robin Hart <robin.openhandspottery@gmail.com> Sent: Sunday, June 2, 2024 1:13 PM To: City Clerk Mail Subject: Chuckwalla National Monument Hello, I wanted to express how much I appreciate the city council's proposed support of the Chuckwalla National Monument. Every time our communities come together in ways that help to protect our quickly dwindling natural resources, we all come out ahead. Every. Single. Time. Thank you for making the time to consider and then support this proposed protection. Sincerely, Robin Hart 10 year resident of the La Quinta Cove Sent from my Pad CITY COUNCIL MEETING - JUNE 4, 2024 - WRITTEN PUBLIC COMMENTS FROM RESIDENT PETE SCHWARTZ CONSENT CALENDAR ITEM NO. 9 - IN SUPPORT OF THE PROPOSED CHUCKWALLA NATIONAL MONUMENT From: Peter Schwartz <schwartztalks@gmail.com> Sent: Saturday, June 1, 2024 3:12 PM To: City Clerk Mail Cc: Jennifer Nelson Subject: Written comments - Peter Schwartz, La Quinta - Chuckwalla National Monument. La Quinta City Council, My name is Pete Schwartz. I moved to La Quinta in 2009. One of the primary reasons that attracted me to this valley is that it offers a surprising variety of nature experiences. The Coachella Valley is crisscrossed with trails that wind through mountains, canyons, and palm oases. The elevation changes allow the enjoyment of hiking all year long. There are very few areas in the world where that is possible. That is why this area is known worldwide for it's hiking trails. The proposed Chuckwalla National Monument holds immense potential. Not only would it protect crucial desert ecosystems and wildlife corridors, but it would also create a new and exciting outdoor destination for visitors. It is a place to hike through pristine canyons, spot rare desert bighorn sheep, and stargaze under vast, unpolluted skies just to name a few. This monument would be a gift to future generations, safeguarding this irreplaceable landscape while boosting nearby communities through increased tourism and recreation. I strongly support the proposed designation of Chuckwalla National Monument and expansion of Joshua Tree National Park and I encourage you and the La Quinta City Council to support this exciting proposal for a new Chuckwalla National Monument. Thank you for your consideration of this request. La Quinta Resident, Pete Schwartz CITY COUNCIL MEETING - JUNE 4, 2024 - WRITTEN PUBLIC COMMENTS FROM RESIDENT KAY WOLFF CONSENT CALENDAR ITEM NO. 9 - IN SUPPORT OF THE PROPOSED CHUCKWALLA NATIONAL MONUMENT From: Kay Wolff <KayWolff@msn.com> Sent: Monday, June 3, 2024 1:49 PM To: City Clerk Mail Subject: CONSENT ITEM: CHUCKWALLA NATIONAL MONUMENT Members of the La Quinta City Concil: Thanks to the Council and staff for agendizing the Chuckwalla National Monument designation on your June 4 Consent Calendar. I'm a long-time resident of La Quinta and, like you, support the natural and historic preservation of our beautiful and disappearing desert. Like many residents, I've been following the progress of the Chuckwalla monument designation process for some years, and am happy to have lived to see this broad new geographic area moving toward legal status. Benefits for La Quinta? 1. Expand our menu of parks and monuments open to tourists and locals alike 2. Preserve and historic native sites, indigenous flora and fauna, and some spectacular geographic features. 3. Accommodate recreational use of designated areas for the off-roading community 4. Designate areas for development of natural resources, for example solar installations Please join other municipalities who support this worthwhile designation for another national monument right in our own back yard.