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2025 06 03 Council
ta / ra — GFN1 ofthe C)FSFRT — City Council agendas and staff reports are available on the City's web page: www.LaQuintaCA.pov CITY COUNCIL AGENDA CITY HALL COUNCIL CHAMBER 78495 Calle Tampico, La Quinta REGULAR MEETING ON TUESDAY, JUNE 3, 2025 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 www.laauintaca.aov/livemeetinas. 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 CONFERENCE WITH LABOR NEGOTIATORS PURSUANT TO GOVERNMENT CODE SECTION 54957.6; CITY DESIGNATED REPRESENTATIVE: CARLA TRIPLETT, HUMAN RESOURCES DEPUTY DIRECTOR; AND EMPLOYEE ORGANIZATION: LA QUINTA CITY EMPLOYEES' ASSOCIATION 2. CONFERENCE WITH LEGAL COUNSEL — EXISTING LITIGATION; PURSUANT TO PARAGRAPH (1) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9; NAME OF CASE: CITY OF LA QUINTA V. SILVERROCK DEVELOPMENT COMPANY, ET AL. (RIVERSIDE COUNTY SUP. CT. CASE NO. CVPS2404750) CITY COUNCIL AGENDA Page 1 of 8 JUNE 3, 2025 3. CONFERENCE WITH LEGAL COUNSEL — EXISTING LITIGATION; PURSUANT TO PARAGRAPH (1) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9; CASES NAMES AND NUMBERS — MULTIPLE (listed below, all in U.S. Bankruptcy Court. District of Delaware) CASE NAME: CASE NUMBER SilverRock Development Company, LLC 24-11647 SilverRock Lifestyle Residences, LLC 24-11648 SilverRock Lodging, LLC 24-11650 SilverRock Luxury Residences, LLC 24-11652 SilverRock Phase I, LLC 24-11654 RGC PA 789, LLC 24-11657 RECESS TO CLOSED SESSION IC701111I0701T12101CW_rME91I179 L I 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. SILVERROCK (FORMERLY TALUS) DEVELOPMENT PROJECT — STATUS UPDATE PAGE 2. LA QUINTA ART CELEBRATION — NOVEMBER 2024 AND MARCH 2O25 EVENT SUMMARY PRESENTATION BY EVENT PRODUCER PAUL ANDERSON WITH SCOPE EVENTS CONSENT CALENDAR NOTE: Consent Calendar items are routine in nature and can be approved by one motion. PAGE 1. APPROVE COUNCIL MEETING MINUTES DATED MAY 20, 2025 2. ADOPT ORDINANCE NO. 623 ON SECOND READING ADDING CHAPTER 11.46 TO TITLE 11 OF THE LA QUINTA MUNICIPAL CODE RELATED TO REGULATING UNAUTHORIZED CAMPING WITHIN THE CITY CITY COUNCIL AGENDA Page 2 of 8 JUNE 3, 2025 3. ADOPT RESOLUTIONS TO: (A) APPROVE PRELIMINARY FISCAL YEAR 2025/26 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. 2025-012 AND 2025-013] 4. APPROPRIATE FUNDING FOR THE SIGNAL AND CROSSWALK IMPROVEMENTS PROJECT NO. 2024-18 AND INCREASE ST. FRANCIS SPENDING AUTHORITY 5. AWARD CONTRACT TO ROY ALLAN SLURRY SEAL, INC FOR FISCAL YEAR 2024/25 PAVEMENT MANAGEMENT PLAN SLURRY SEAL IMPROVEMENTS PROJECT NO. 2024-03 FOR THE COVE AREA 6. APPROVE AGREEMENT FOR CONTRACT SERVICES WITH VINTAGE ELECTRIC FOR ON -CALL ELECTRICAL SERVICES PROJECT NO. 2024-25 7. APPROVE AGREEMENT FOR CONTRACT SERVICES WITH OCEAN SPRINGS TECH, INC FOR POOL AND WATER FEATURE MAINTENANCE PROJECT NO. 2024-24; AND AUTHORIZE THE PUBLIC WORKS DEPARTMENT TO UTILIZE THIS VENDOR AS SELECT SOURCE FOR ON CALL SERVICES 8. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED MARCH 31, 2025 9. RECEIVE AND FILE THIRD QUARTER FISCAL YEAR 2024/25 TREASURY REPORTS FOR JANUARY, FEBRUARY, AND MARCH 2O25 10. APPROVE DEMAND REGISTERS DATED MAY 9 AND 16, 2025 215 BUSINESS SESSION PAGE 1. APPROVE THIRD ROUND OF COMMUNITY SERVICES GRANTS FOR FISCAL 233 YEAR 2024/25 2. APPROVE USE OF THE CITY SEAL FOR THE HISTORICAL PLAQUE 241 PROGRAM ADMINISTERED BY THE LA QUINTA HISTORICAL SOCIETY 3. INTRODUCE FOR FIRST READING AN ORDINANCE UPDATING THE FIRE 245 HAZARD SEVERITY ZONES PURSUANT TO GOVERNMENT CODE SECTION 51178 AND THE CALIFORNIA FIRE CODE [ORDINANCE NO. 624] STUDY SESSION PAGE 1. DISCUSS FISCAL YEAR 2025/26 PRELIMINARY PROPOSED BUDGET CITY COUNCIL AGENDA Page 3 of 8 JUNE 3, 2025 PUBLIC HEARINGS — 5:00 p.m. or thereafter For all Public Hearings on the agenda, a completed "Request to Speak" form must be filed with the City Clerk prior to consideration of that item; comments are limited to three (3) minutes (approximately 350 words). Any person may submit written comments to the City Council prior to the public hearing and/or may appear and be heard in support of or opposition to the project(s) at the time of the public hearing. If you challenge a project(s) in court, you may be limited to raising only those issues you or someone else raised at the public hearing or in written correspondence delivered to the City at or prior to the public hearing. PAGE 1. RECEIVE AND FILE FISCAL YEAR 2024/25 ANNUAL WORKFORCE VACANCIES AND RECRUITMENT / RETENTION REPORT PURSUANT TO GOVERNMENT CODE SECTION 3502.3 DEPARTMENTAL REPORTS PAGE 1. CITY MANAGER 2. CITY ATTORNEY 3. CITY CLERK — SHORT-TERM VACATION RENTAL PROGRAM QUARTERLY REPORT — JANUARY-MARCH 2O25 4. COMMUNITY SERVICES 5. DESIGN AND DEVELOPMENT 6. FINANCE 7. PUBLIC SAFETY 8. PUBLIC WORKS MAYOR'S AND COUNCIL MEMBERS' ITEMS REPORTS AND INFORMATIONAL ITEMS 1. CVAG CONSERVATION COMMISSION (Evans) 2. CVAG ENERGY AND SUSTAINABILITY COMMITTEE (Evans) 3. CVAG EXECUTIVE COMMITTEE (Evans) 4. VISIT GREATER PALM SPRINGS CONVENTION AND VISITORS BUREAU (Evans) 5. LEAGUE OF CALIFORNIA CITIES DELEGATE (Evans) 6. COACHELLA VALLEY WATER DISTRICT JOINT POLICY COMMITTEE (Evans) 7. COACHELLA VALLEY POWER AGENCY JOINT POWERS AGREEMENT (Evans) 8. ECONOMIC DEVELOPMENT SUBCOMMITTEE (Evans & Fitzpatrick) 9. DESERT SANDS UNIFIED SCHOOL DISTRICT COMMITTEE (Evans & Sanchez) 10. DESERT RECREATION DISTRICT COMMITTEE (Fitzpatrick & McGarrey) 11. COACHELLA VALLEY UNIFIED SCHOOL DISTRICT COMMITTEE (Fitzpatrick & Pena) 12. RIVERSIDE COUNTY TRANSPORTATION COMMISSION (Fitzpatrick) 13. CVAG TRANSPORTATION COMMITTEE (Fitzpatrick) 14. COMMUNITY SERVICE GRANT REVIEW COMMITTEE (Evans & Sanchez) 15. COACHELLA VALLEY MOUNTAINS CONSERVANCY (McGarrey) CITY COUNCIL AGENDA Page 4 of 8 JUNE 3, 2025 16. GREATER CV CHAMBER OF COMMERCE INFORMATION EXCHANGE COMMITTEE (Sanchez) 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. ART PURCHASE COMMITTEE (Sanchez & McGarrey) 25. CALIFORNIA JOINT POWERS INSURANCE AUTHORITY (Sanchez) 26. CALIFORNIA ASSOCIATION OF LOCAL AGENCY FORMATION COMMISSION (Sanchez) 27. COACHELLA VALLEY ANIMAL CAMPUS COMMISSION (Sanchez) 28. LEAGUE OF CALIFORNIA CITIES — PUBLIC SAFETY COMMITTEE (Sanchez) 29. RIVERSIDE COUNTY AIRPORT LAND USE COMMISSION (Sanchez) 30. RIVERSIDE LOCAL AGENCY FORMATION COMMISSION (Sanchez) 31. SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS (Sanchez) 32. SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS REGIONAL COUNCIL (Sanchez) 33. PALM SPRINGS AIRPORT COMMISSION MEETING MINUTES DATED MAY 21, 2025 ADJOURNMENT ********************************* The next regular meeting of the City Council will be held on June 17, 2025, 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 30, 2025. DATED: May 30, 2025 V No`t( 4 MONIKA RADEVA, City Clerk City of La Quinta, California CITY COUNCIL AGENDA Page 5 of 8 JUNE 3, 2025 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.laguintaca.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(cD_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 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. CITY COUNCIL AGENDA Page 6 of 8 JUNE 3, 2025 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. *** TELECONFERENCE PROCEDURES*** APPLICABLE ONLY Wh'c�N TELECONFERENCE ACCESSIBILITY IS IN EFFECT Pursuant to Government Code § 54953(f) [AB 2449, Stats. 2022, Ch. 285, Rubio]. 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.uslj/86171130130 Meeting ID: 861 7113 0130 Or join by phone: (253) 215 — 8782 CITY COUNCIL AGENDA Page 7 of 8 JUNE 3, 2025 Written public comments — can be provided in person during the meeting or emailed to the City Clerk's Office at.CitVClerkMail(a)-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 3, 2025 PRESENTATION NO. 2 June 3, 2025 Linda Evans — Mayor Deborah McGarrey - Mayor Pro Tern John Pena — City Council Kathleen Fitzpatrick — City Council Steve Sanchez — City Council Jon McMillen — City Manager Christina Calderon — Community Services Deputy Director Michael Calderon — Community Services Analyst City of La Quinta 78495 Calle Tampico La Quinta, CA 92253 Dear Madame Mayor, Council Members, City Manager, and City Staff, SCOPE Events, LLC is incredibly proud of the NINE La Quinta Art Celebration (LQAC) events that have been produced for the City La Quinta since the inaugural Celebration March 2020 Event. The brand has become established and our reputation continues to grow with the Artists, patrons and the community. We will continue to dedicate resources to assure we are relevant and an asset to the City of La Quinta. There are many reasons to consider the event a winner, and we refer to them as our Keys to Success. Keys to Success City Support Obviously, this event would not even happen without the support of the City of La Quinta, support that goes well beyond instrumental things like permits and access to a beautiful venue. It is due to the dedicated staff and council members who take pride in their city and put in the extra effort. It is the individuals who make up the community and who contribute their hearts and souls to making it an even better place to live and visit with each passing year. Scope Events strongly believes that events like the La Quinta Art Celebration contribute positively to the community and are honored to be a part of it. Volunteers —This March SCOPE Events had a total of 125 Volunteers of which 21 serve as Volunteer Captains. These Captains are vital to our success. They are dedicated to managing their teams and are instrumental in building our volunteer base. They have embraced their role and understand their importance as our ambassadors. They take complete ownership for their assigned tasks and have suggestions on how to make their tasks better, easier, more valuable, etc. A few like La Quinta resident, Marge Dodge, have been a Captain at Ticket Sales for 27 years! She continues to motivate her team and embraces technology and processes that SCOPE introduces from time to time. What makes this exceptional volunteer base unique compared to other organizations is their commitment to the event. Volunteers rarely ever cancel participation and if they do. it is only because of a family emergency or illness. There is never a "no-show". City of La Quinta Recycle Plan with Burrtec — The Celebration events have embraced the city recycle plan and work closely with their representative Clara Vera. The importance of recycling is communicated by signage, clearly marked trash cans throughout event, color coded trash bags so that Grounds Crew can easily identify which go into Recycle and which into trash, stickers on all lunch boxes reinforcing that they should be folded and recycled and all else inside box put into trash and daily reminders on our Daily Cheers newsletter. The plan is working and the results speak for themselves! Upscale Food and Beverages— Scope Events has always focused on providing an upscale Food & Beverage experience for the Patrons attending our Events. We are proud to confirm that we have never compromised on our food and beverage quality. This is in keeping with our belief that this critical component of the event must keep up with the beautiful location and the Fine Art that Patrons expect at La Quinta Art Celebration! Community Outreach & Marketing Campaign Our marketing is divided into the Coachella Valley and secondly Southern California. In the Valley our marketing concentrates on an intense television campaign with CBS2 Local, KESQ primarily with a secondary spend with KMIR and Spectrum. Radio dollars are directed at KGAY (Palm Springs) and have shown a significant increase in attendance. Direct mail campaign is sent to affluent neighborhoods, print through Desert Sun, Desert Entertainer, CV Independent and Coachella Valley Weekly. In Southern California our focus is with Palm Springs Life eblasts and print ads, billboards in conjunction with the tourist board in San Diego, Orange County and LA on the San Diego Freeway and most heavily with targeted Facebook campaigns to select geographical areas. The most positive feedback we receive is about the number of television commercials during the key news hours and 60 Minutes and the vivid digital billboard ads visible to incoming tourists as they walk from the aircraft to baggage claim at Palm Springs International Airport. The airport campaign is in conjunction with the City of La Quinta. With the growth of Online ticket purchases, our own database continues to grow (it is now 44% of our total ticket sales.) Our Point of Sale (POS) system collects valuable customer data. We use this data to launch customized email marketing campaigns. SCOPE Events continues to stress the importance of community and working together. We have cultivated relationships with Old Town Artisan Studios, Art on Main and La 10 Quinta Museum by offering them complimentary ads in the event program so they can promote their business, and in turn, they distribute our marketing collateral and serve as Judges. We encourage the Featured Restaurants at the award reception to hand out collateral that evening and to leave it with the INFO booth as well. Our reach through the valley has increased to include an expanded list of Judges that represent Palm Springs Art Museum, Patel Architecture, Melissa Morgan Gallery El Paseo, Cathedral City Art Council, Foto Bliss Photography, Sun City Art Instructor and the Galen Palm Springs as well as some unexpected partners like the American Red Cross and Eisenhower Circle of Stars. Every contact we make has a value and expands our reach in the valley. Artist Portal- Scope Events is proud to announce that it now conducts all its artist - related commercial activities through a dedicated Artist Portal which was launched a few years ago. Artists use this web Portal- www.celebrationartists.org , to register for the event, pay all their dues, book their lunches, record their sales and obtain their Sales Reports all through the same source! This has elevated La Quinta Art Celebration to a level which is unmatched by any other Art show in the country. Of course, the success of the onsite Point Of Sales (POS) system depends on a dedicated Wi-Fi network at the event site. We are dealing with some issues of lack of connectivity and are grateful to the City of La Quinta & Gilbert Villa 1pando-Director and his team, for the support that we have received. Tools for Tomorrow — SCOPE Events continues to support Tools for Tomorrow., an organization whose mission could not be more appropriate as a partner to the LQAC. An organization could not be more appropriate as a partner to the LQAC. Tools for Tomorrow works to "Reach, Teach, and Inspire Children through the ARTS". We are extremely pleased to support them. We hope to see some of these young talents selling their art at the LQAC in the future. In addition to a monetary contribution, Scope Events has sent two members of TFT management to a national non-profit conference which is focused on art education. They have gained new ideas and have networked with similar organizations. They return to the Coachella Valley rejuvenated. It is so rewarding. Social Media and Website Development — SCOPE Events has retained top professionals in this field to market the event to the right target audiences throughout the country and beyond. Our ticket sales and web traffic data are thoroughly analyzed and we use this as a basis to strategize the best means to reach the right people and get the best bang for our buck! This data is integral to our marketing strategies. The table below shows the top referrers to the event website, LaQuintaArtCelebration.org. (1) Unique Visitor Traffic on Website By State Total 11 California Ex -California By Source Total Facebook Google Direct Email Marketing Google Business Profile PSL Bing Yahoo (2) Online Ticket Sales by States CA 40% WA 12% MN 5% OR 5% IL 5% CO 3% MI 2% MA 2% NY 1% TX 1% Others 17% Canada 6% (3) Sales Category graph 66% 34% 32% 31% 17% 7% 3% 2% 2% 2% 12 LQAC Percent of Sales by Category & Event 30% 25% 20% 15% 10% 0% 0% CP` � o''� Qr p` ■ 2025 ■ 2024 ■ 20 Wind and Weathei Wind has become more of an issue over the last few years with each event having 25 mph wind at least one day of the four- day festival. The ENCORE 2024 event was hit unexpectedly on late Thursday night with 60 mph winds from midnight to 5 am the following morning. Due to dedicated support from the City, additional landscape crew arrived early onsite to literally vacuum the campus and remove shattered glass and to pull fallen tents out of the lake. Artists arrived early to support each other and rebuild exhibit spaces. They helped each other with spare parts, re -staked tents, showed compassion and gave strength to their peers. By the time the gates opened on Friday morning, the staff, volunteers, and Artists had recreated the space. Our latest event, Celebration SPRING 2025 anticipated wind all throughout the show as it was extremely windy in the west and central valley. Road closures in Palm Springs and heavy wind on the 10 Freeway East were the subject of the local news. Although the Celebration event was not affected, damage from the news media projecting heavy winds caused patrons who had even purchased tickets not to come. The good news is that the patrons that did attend were buyers! Thus art sales were not diminished as much as they easily could have been. Updates were made daily on our website with new images taken at the event. This proved the weather was sunny and patrons were enjoying the show. Our 24/7 Phone Helpline answered all inquiries and encouraged patrons to attend. The Artists have adapted to our strict mandatory booth staking rules and are also watchdogs to ensure that their neighbors fully understand and respect the rules. They are coming prepared with extra rebar, heavy duty tape, metal clamps and rope to secure the legs on their canopies. The Glass Artists closely monitor the weather on their phones and know to start taking down their exhibit once the breeze kicks up. They also anticipate our communication throughout the event by news update through our Daily 13 Cheers! to texts throughout each day with weather updates. We appreciate the satellite weather reports sent by the City each day and communication from CBS2 Local/KESQ. ArtistAwards Ceremony and Reception Several valley restaurants- Fresh Agave Mexican Restaurant, Stuft Pizza Bar & Grill, Bristol Farms, Rd RNNR, Tack Room Tavern, Costco Bakery, DRST Club Restaurant, Fortun's Kitchen, Islands Palm Desert, Hideout Kitchen Palm Desert, Jackalope Ranch, Kiki's Dining, Lavender Bistro, TQLAS Agave Bar & Grill, Luna's Bar & Grill Indio have all sponsored the Artist Award Reception by showcasing their delicious foods as we kick-off the Celebration and announce the art award winners. Artists always mention how special this Thursday evening reception is and how different it is from other shows they participate in. For example, their assistants are invited with no charge to the artists. Also after a long first day at the event, this desert casual affaire where one can be barefoot or in flip-flops is much appreciated. Artists enjoy getting to know one another while sampling the offerings of local establishments. This event builds comradery and community. On the flip side, the Celebration benefits as these restaurants promote our events by distributing rack cards - using them as bill stuffers or bag stuffers for a month prior to the event. Artist Feedback- SCOPE Events encourages participating Artists to review the show using the independent publications, Greg Lawler's Art Fair Sourceeook and Sunshine Artist Magazine. Artists use these resources to determine which shows to apply for and set their expectations based upon previous experiences of other Artists. We utilize the data they collect to improve the show. Because the feedback is anonymous, it is a gold standard for impartial information and an invaluable resource for us, as producers, to listen -in on the conversation about our show among the participating Artists. Appendix A includes comments from participating artists for your perusal. Summary: SCOPE Events considers all NINE La Quinta Art Celebrations to have been successful. LQAC provides working Artists with opportunities to sell their art to an affluent audience. LQAC allows La Quinta residents to be immersed in art twice a year, and provides volunteer experiences and avenues of friendship. The City of La Quinta is known across the nation as the home of the most stunning event site in the country and a true partner of the arts. With each passing event, we gather more data to enhance the Celebration experience for artists, patrons, and volunteers alike. Once again, thank you for designating SCOPE Events, LLC as your producer of the La Quinta Art Celebrations. We hope we made the city proud! Sincerely, Paul A. Anderson, CEO & Producer Kathleen Hughes, Event Director 14 Appendix A: The data below are taken from the independent Greg Lawler's Art Show SourceBook and include all comments from 2024 - 2025 LQAC Artist evaluations. "Great show! Beautiful venue, wonderful volunteers, simple sales process and most importantly... a good art buying audience." - "Best in the business advertising. No other show we have done doe it like this show. TV ads, ads at the airport, newspapers, email blasts, and many different rack cards in hotels. Shows don't just need numbers, they need affluent patrons who can purchase our work. This show delivers. It is busy every day of the show. Beautiful location, very helpful artist volunteers, a wonderful artist reception on Thursday evening, but, most importantly, sales." - jeweler "This show has continually been my strongest show for the past 15 years. The venue, show management, marketing and buyer demographics as well as quality of artists are for superior than most shows in the country." - �►ac� "Amazing show run by a FIRST CLASS organization. SCOPE really knows how to run a world class art show." - Digital Art "Lives up to its name and rank. They treat artists very well. High sales this year". - 3D Mixed Media "La Quinta is a great show. We do both the spring and fall events every year for past 15 years. I'd recommend it to anyone." - Paint( "This was my second year and my sales doubled over last year. The patrons are looking for quality art and the options presented by artists at La Quinta are top level compared to other top rated art shows!" - 2D Mixed Media "The show was well attended with qualified buyers. For me, Thursday is generally slower with sales picking up every day with Sunday being the best day but some people do have really good Thursday sales as well. Mostly a decorative buying audience with multiple homes. Has been a great show for me for years." - Ceramics "Wonderful show, as always. Staff and volunteers are amazing. Really appreciate the two days of setup, and extra morning for load -out. Most beautiful venue anywhere. My sales tend to fluctuate at this event, and were a bit slow for me this time, but I often have after -sales and expect some this time as well. I'll always attend this show if invited to come back." - Photography "My favorite event ever. The organizers were amazing, the event went off without a hitch. I made a lot of new friends." - Sculpture "Love this show. Beautiful venue, wonderful staff and amazing patrons." - Painter 15 "Beautiful location and expertly run show that brings qualified patrons who support the arts. It's a fabulous show!" - Painter "Best show I do. Always super happy when I get in." - Jeweler "Great show, as always. Tons of artist support, gorgeous venue, and SALES!" - Glass "Great show, lots of attendees. Nice booth, layout, good music. And great food selection on artist lunches." - Ceramics 16 CONSENT CALENDAR ITEM NO. 1 CITY COUNCIL MINUTES TUESDAY, MAY 20, 2025 CALL TO ORDER A regular meeting of the La Quinta City Council was called to order at 3:00 p.m. by Mayor Evans. PRESENT: Councilmembers Fitzpatrick, McGarrey, Pena, Sanchez, and Mayor Evans ABSENT: None PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA — None CONFIRMATION OF AGENDA Councilmember Pena said he will recuse himself from participating in the discussion and vote on Business Session Item No. 1 related to the appointment of City representative on the Coachella Valley Power Agency Board of Directors due to a conflict of interest stemming from a reasonable probability of future income and/or investment income from an electric power company (Secure Energy Source), and asked that it be pulled for a separate vote. Council concurred. CLOSED SESSION 1. CONFERENCE WITH LABOR NEGOTIATORS PURSUANT TO GOVERNMENT CODE SECTION 54957.6; CITY DESIGNATED REPRESENTATIVE: CARLA TRIPLETT, HUMAN RESOURCES DEPUTY DIRECTOR; AND EMPLOYEE ORGANIZATION: LA QUINTA CITY EMPLOYEES' ASSOCIATION 2. CONFERENCE WITH LEGAL COUNSEL — EXISTING LITIGATION; PURSUANT TO PARAGRAPH (1) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9; NAME OF CASE: CITY OF LA QUINTA V. SILVERROCK DEVELOPMENT COMPANY, ET AL. (RIVERSIDE COUNTY SUP. CT. CASE NO. CVPS2404750) 3. CONFERENCE WITH LEGAL COUNSEL — EXISTING LITIGATION; PURSUANT TO PARAGRAPH (1) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9; CASES NAMES AND NUMBERS — MULTIPLE (listed below, all in U.S. Bankruptcy Court, District of Delaware) CITY COUNCIL MINUTES Page 1 of 10 MAY 20, 2025 17 CASE NAME: CASE NUMBER SilverRock Development Company, LLC 24-11647 SilverRock Lifestyle Residences, LLC 24-11648 SilverRock Lodging, LLC 24-11650 SilverRock Luxury Residences, LLC 24-11652 SilverRock Phase I, LLC 24-11654 RGC PA 789, LLC 24-11657 COUNCIL RECESSED THE OPEN SESSION PORTION OF THE MEETING AND MOVED INTO CLOSED SESSION AT 3:03 P.M. MAYOR EVANS RECONVENED THE OPEN SESSION PORTION OF THE CITY COUNCIL MEETING AT 4.06 P.M. WITH ALL MEMBERS PRESENT REPORT ON ACTION(S) TAKEN IN CLOSED SESSION: City Attorney Ihrke reported the following pursuant to Government Code section 54957.1 (Brown Act): • CLOSED SESSION ITEM NO. 1 — no reportable action; • CLOSED SESSION ITEM NO. 2 — Council will consider this item after the open session portion of tonight's meeting; and • CLOSED SESSION ITEM NO. 3 — Council will consider this item after the open session portion of tonight's meeting. PLEDGE OF ALLEGIANCE Councilmember Pena led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA PUBLIC SPEAKER: Steve Cherry, La Quinta — asked how long it will take to resolve the SilverRock, formerly Talus, project litigation. PUBLIC SPEAKER: Mary Mann, La Quinta — opposed Specific Plan 2003-067, said it's inadequate; opposed the fence planned at the Club at Corral Mountain, said it should have its own environmental impact report; and believes the City should take a leadership role in the planning of the adjacent park. PUBLIC SPEAKER: Development Director Scott Wolf with the Coachella Valley Rescue Mission introduced incoming Executive Director Amanda Galindo — she thanked Council for their support; provided a brief overview of her experience and qualifications; and described the new women's and children's 60-bed facility. PUBLIC SPEAKER: Anita Broady, La Quinta — addressed the La Quinta News Facebook page and NextDoor's ongoing negative comments, specifically regarding the Cove; suggested improvements to the Cove area, such as "welcome" signage, landscaping, art CITY COUNCIL MINUTES Page 2 of 10 MAY 20, 2025 18 installation, code compliance presence, street signs, and undergrounding utility lines; and offered her assistance. PUBLIC SPEAKER: Wendy Sanders, La Quinta — concerned with the inconsistency and misinformation from the Building Division regarding her property wall. City Clerk Radeva said WRITTEN PUBLIC COMMENTS were received from the La Quinta residents listed below, in alphabetical order, which were distributed to Council, made public, published on the City's website, and included in the public record of this meeting: • Anita Broady — suggestions for miscellaneous improvements to the Cove area, including "welcome" signage, landscaping, art installation, code compliance presence, street signs, and undergrounding utility lines. • Christa Christopherson — concerns regarding the use of e-bikes on the Bear Creek Trail. • Lisa Moller — concerns regarding the use of e-bikes on the Bear Creek Trail. ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS 1. SILVERROCK (FORMERLY TALUS) DEVELOPMENT PROJECT — STATUS UPDATE City Attorney Ihrke said on August 5, 2024, SilverRock Development Company LLC and its affiliates (debtors), collectively referred to as "SDC," voluntarily petitioned for Chapter 11 bankruptcy in U.S. Bankruptcy Court in Delaware; and per Council's direction and approval, the City retained Special Counsel who has continuously been working with the City Manager and City Attorney throughout these proceedings. Prior Announcements regarding the bankruptcy case are available on the City's website at www.laguintaca.gov/talusl(,. On May 15, 2025, the Bankruptcy Court held an Omnibus Hearing, which included several "Resolved Matters," or uncontested courtroom agenda items, primarily dealing with the "claims bar dates" for which any claims and supporting documents must be submitted to the Bankruptcy Court by creditors. Per negotiations and concurrence with the debtors counsel, SDC, and the Chief Restructuring Officer (CRO), the City is exempt at this time from the obligation to file its claim because, as previously announced, the City is integrally involved under the Bankruptcy Court -approved Bid Procedures (March 2025) that governs the process for selecting a purchaser of the SDC-held property to serve as the new developer for the SilverRock, formerly Talus, project, which will include agreements between the City and the new developer. Unrelated to the Bid Procedures and the City's involvement with the selection of the next developer, at the May 15, 2025, hearing, the Bankruptcy Court considered another matter referred to as a "stand alone" bankruptcy litigation dispute. This matter involved a creditor and the debtors' deadline to complete discovery in connection with the creditor's claim. CITY COUNCIL MINUTES Page 3 of 10 MAY 20, 2025 19 The Bankruptcy Court ruled that discovery for this "stand alone" matter had until late November 2025 to be completed. Finally, pursuant to prior authorization of the Bankruptcy Court, and as previously announced, the CRO retained Jones, Land, LaSalle (JLL) to provide marketing services for the project to secure a future developer; multiple meetings have occurred between JLL and City representatives; and this process continues to move along very quickly pursuant to the Bankruptcy Court -approved Bid Procedures. Note. The next Omnibus Hearing date before the U.S. Bankruptcy Court is set for June 24, 2025. 2. RIVERSIDE COUNTY ANIMAL SERVICES AD HOC COMMITTEE UPDATE BY MEMBER TY PEABODY Riverside County Animal Services Ad Hoc Committee Member Peabody provided an overview and update on the Ad Hoc Committee's challenges, recent accomplishments, and proposed solutions; provided recent reports, and noted daily/weekly report availability online; and requested Council support for the upcoming agreement with Riverside County. Council discussed support for the additional funding and employees provided by the County; contractual obligations of the County; unincorporated County area being a large part of the problem; need for marketing; need for more shelter space; as the Coachella Valley (CV) grows, plans for animals need to keep pace; need for east CV animal facility and services; suggestion to add an animal adoption event to City events, and encourage businesses to host adoption events; continuing work of the Ad Hoc Committee; regional solutions needed; collaboration of local animal rights groups with the County Animal Services staff; process for determining dogs slated for euthanasia; increased communication with the cities utilizing the County's animal services; and animal control regulations in each city. Kim Hardee , Riverside County Animal Commission Community Member for the City of Indio, explained the current County animal control staffing and contract; County's collaboration with local rescue groups; upcoming animal clinic at Fantasy Springs Resort Casino in Indio; the efforts of new Director May Martin with the County's Department of Animal Services; and requirements for licensing dogs in La Quinta. 3. MARKETING AND ECONOMIC DEVELOPMENT STRATEGIES — FISCAL YEAR 2024/25 UPDATE AND PLAN FOR FISCAL YEAR 2025/26 Marketing Manager Graham provided an overview of the City's fiscal year 2024/25 marketing programs, fiscal year 2025/26 marketing and economic development strategies; and Marketing and Communication Specialist Reyes provided a brief overview of the City's social media performance and metrics. CITY COUNCIL MINUTES Page 4 of 10 MAY 20, 2025 20 Council discussed Visit Greater Palm Springs Chamber of Commerce use of influencers; use of office for the City's new podcasts series; use of recap video; importance of JNS Next, the City's marketing and promotional services consultant, to conduct media advisories; the multiple channels of communication used; frequency of event postings; Shop Local campaign visibility and frequency; and local summer campaign focus. CONSENT CALENDAR 1. APPROVE COUNCIL MEETING MINUTES DATED MAY 6, 2025 2. EXCUSE ABSENCES OF COMMISSIONERS MAST AND NIETO FROM THE MAY 7, 2025, FINANCIAL ADVISORY COMMISSION MEETING AND MAY 13, 2025, PLANNING COMMISSION MEETING, RESPECTIVELY 3. AUTHORIZE OVERNIGHT TRAVEL FOR THE PUBLIC WORKS DEPUTY DIRECTOR, PARKS CREW LEAD, AND STREETS CREW LEAD TO ATTEND MAINTENANCE SUPERINTENDENTS ASSOCIATION 2025 ANNUAL CONFERENCE IN IRVINE, CALIFORNIA, SEPTEMBER 24-26, 2025 4. APPROVE AGREEMENT WITH GRANICUS, LLC FOR WEBSITE HOSTING AND MAINTENANCE SERVICES 5. APPROVE AMENDMENT NO.8 TO AGREEMENT FOR CONTRACT SERVICES WITH GHD, INC FOR HIGHWAY 111 CORRIDOR PROJECT NO. 2019-05 6. ACCEPT OFF -SITE AND ON -SITE IMPROVEMENTS ASSOCIATED WITH PARCEL MAP NO. 38668 LOCATED ON THE NORTHEAST CORNER OF HIGHWAY 111 AND DUNE PALMS ROAD; PROJECT — DUNE PALMS MIXED - USE PROJECT 7. APPROVE PURCHASE OF 2025 VERMEER CTX100 STAND BEHIND SKID STEER; AND DECLARE MODEL YEAR 2018 VERMEER STUMP GRINDER, 2017 VERMEER CHIPPER, AND 2018 BUTLER TRAILER AS SURPLUS, AND APPROVE DISPOSAL METHOD 8. RATIFY USE OF SERVICES WITH FIRST LINE ENVIRONMENTAL SOLUTIONS FOR EMERGENCY HAZMAT CLEANUP AND DISPOSAL 9. APPROVE DEMAND REGISTERS DATED APRIL 25 AND MAY 2, 2025 MOTION — A motion was made and seconded by Councilmembers Sanchez/Fitzpatrick to approve the Consent Calendar as presented. Motion passed unanimously. CITY COUNCIL MINUTES Page 5 of 10 MAY 20, 2025 21 BUSINESS SESSION 1. APPOINT MEMBERS OF THE CITY COUNCIL TO SERVE AS CITY REPRESENTATIVES ON THE NEWLY FORMED COACHELLA VALLEY POWER AGENCY BOARD OF DIRECTORS COUNCILMEMBER PENA RECUSED HIMSELF FROM PARTICIPATING IN THE DISCUSSION AND VOTE ON BUSINESS SESSION ITEM NO. 1 DUE TO A CONFLICT OF INTEREST STEMMING FROM A REASONABLE PROBABILITY OF FUTURE INCOME AND/OR INVESTMENT INCOME FROM AN ELECTRIC POWER COMPANY (SECURE ENERGY SOURCE), AS NOTED DURING CONFIRMATION OF AGENDA ABOVE, AND LEFT THE DAIS AT 5:42 P.M. Council waived presentation of the staff report, which is on file in the Clerk's Office. MOTION — A motion was made and seconded by Councilmembers Sanchez/Fitzpatrick to appoint Mayor Evans and Councilmember Fitzpatrick to serve, respectively, as Director and an alternate on the Coachella Valley Power Agency Board of Directors. Motion passed: ayes — 4, noes — 0, abstain — 0, absent — 1 (Pena). City Clerk Radeva said WRITTEN PUBLIC COMMENTS were received from Rancho Mirage resident Brad Anderson, opposing the newly formed Coachella Valley Power Agency and related Joint Powers Agreement, which were distributed to Council, made public, published on the City's website, and included in the public record of this meeting. COUNCILMEMBER PENA RETURNED TO THE DAIS AT 5:44 P.M. 2. APPROVE LA QUINTA YOUTH COLLECTIVE (LQYC) PROGRAM Management Analyst Calderon and Administrative Technician Elizalde presented the staff report, which is on file in the Clerk's Office. Council discussed timing for promoting the LQYC program; plans for engaging home - schooled students; scholarship/grant funding to students or directly to schools; documentation for use of grant funds; connecting students to resources and outside organizations in their fields of interest; application to include participation in sports, clubs, etc. — shows they are driven; means of selecting participants for well-rounded group; grade make-up of participants for balance of maturity; and adding a due date to complete the application. MOTION — A motion was made and seconded by Councilmembers Fitzpatrick/McGarrey to approve the La Quinta Youth Collective Program as presented. Motion passed unanimously. CITY COUNCIL MINUTES Page 6 of 10 MAY 20, 2025 22 3. INTRODUCE FOR FIRST READING AN ORDINANCE ADDING CHAPTER 11.46 TO TITE 11 OF THE LA QUINTA MUNICIPAL CODE RELATED TO REGULATING UNAUTHORIZED CAMPING WITHIN THE CITY Public Safety Management Analyst Chastain presented the staff report, which is on file in the Clerk's Office. PRESENTER: Lieutenant Francisco (Frank) Velasco, Riverside County Sheriff's Department — explained that this is one of the numerous layers established by the City to assist with the health and safety of the homeless; the proposed regulations being a last - resort measure to dismantle encampments if it cannot be resolved through the support services and assistance available; explained the personnel and process followed when an encampment is discovered; the personal relationship and compassion between Deputies and homeless individuals; and the balance Deputies face between rights of homeless folks, residents, and businesses. Council discussed the need and purpose of the proposed regulations; staff's personal knowledge and relationships with local homeless folks; homelessness being a regional matter; City support of local service agencies focused on assistance; homelessness not being a crime, but unauthorized camping is; City's efforts to provide affordable housing; and the high costs and State mandates for building affordable housing. MOTION — A motion was made and seconded by Councilmembers Pena/Sanchez to take up Ordinance No. 623 by title and number only and waive further reading adding Chapter 11.46 to Title 11 of the La Quinta Municipal Code related to regulating unauthorized camping within the City as presented. Motion passed unanimously. City Clerk Radeva read the following title of Ordinance No. 623 into the record: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, ADDING CHAPTER 11.46 TO TITLE 11 OF THE LA QUINTA MUNICIPAL CODE RELATED TO REGULATING UNAUTHORIZED CAMPING WITHIN THE CITY MOTION — A motion was made and seconded by Councilmembers Pena/Sanchez to introduce at first reading Ordinance No. 623 to add Chapter 11.46 to Title 11 of the La Quinta Municipal Code related to regulating unauthorized camping within the City as presented. Motion passed unanimously. MAYOR EVANS RECONVENED THE COUNCIL MEETING AT 6:48 P.M. WITH ALL MEMBERS PRESENT CITY COUNCIL MINUTES Page 7 of 10 MAY 20, 2025 23 STUDY SESSION 1. DISCUSS FISCAL YEAR 2025/26 PRELIMINARY PROPOSED BUDGET Finance Director Martinez presented the staff report, which is on file in the Clerk's Office. Council discussed Measure G projections and actuals; increase in Community Service Grants; possible program grants for the certified autism program for businesses; legal limitations on gifts of public funds; expected animal services contract increases; cost of spay/neuter clinics; and possible City assistance to residents with adoption and spay/neuter fees. PUBLIC HEARINGS — None DEPARTMENTAL REPORTS — All reports are on file in the City Clerk's Office. 7-A. POLICE QUARTERLY REPORT — JANUARY-MARCH 2O25 Council discussed the Police Report data, particularly the importance of the public safety camera system in solving crimes; monitoring of speeding, noise, collisions on Eisenhower Drive; improved response time; increase in number of calls; and Council's appreciation of the assistance provided in response to the Palm Springs car bomb incident. MAYOR'S AND COUNCIL MEMBERS' ITEMS Councilmember Sanchez reported on his attendance at the monthly Yappy Hour event held in Palm Desert; and Shays Warriors and Life After Cancer high tea. Mayor Evans reported on her, and other Councilmembers' attendance at Desert Sands Unified School District State -of -the -District event; Cal State San Bernardino ground breaking event; Desert Cities Art Council ribbon cutting; Women Leaders Forum; Cathedral City State -of -the -City; Palm Springs Military Officers Association annual scholarship luncheon; Visit Greater Palm Springs Chamber of Commerce promotional tour; and celebration of Blanche Rameriz' 40 years with DSUSD. Mayor Pro Tern McGarrey reported on her, and other Councilmembers' attendance at the Officer Bruce Lee Memorial; and League of California Cities meeting. Councilmember Pena reported on his attendance at the 2025 California Contract Cities Association Annual Municipal Seminar. REPORTS AND INFORMATIONAL ITEMS La Quinta's representative for 2025, Councilmember Fitzpatrick reported on her participation in the following organization's meeting: • RIVERSIDE COUNTY TRANSPORTATION COMMISSION (RCTC) CITY COUNCIL MINUTES Page 8 of 10 MAY 20, 2025 24 La Quinta's representative for 2025, Mayor Pro Tern McGarrey reported on her participation in the following organization's meeting: • COACHELLA VALLEY MOUNTAINS CONSERVANCY La Quinta's representative for 2025, Councilmember Pena reported on his participation in the following organization's meeting: • CVAG PUBLIC SAFETY COMMITTEE CLOSED SESSION — Continued 2. CONFERENCE WITH LEGAL COUNSEL — EXISTING LITIGATION; PURSUANT TO PARAGRAPH (1) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9; NAME OF CASE: CITY OF LA QUINTA V. SILVERROCK DEVELOPMENT COMPANY, ET AL. (RIVERSIDE COUNTY SUP. CT. CASE NO. CVPS2404750) 3. CONFERENCE WITH LEGAL COUNSEL — EXISTING LITIGATION; PURSUANT TO PARAGRAPH (1) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9; CASES NAMES AND NUMBERS — MULTIPLE (listed below, all in U.S. Bankruptcy Court, District of Delaware) CASE NAME: CASE NUMBER SilverRock Development Company, LLC 24-11647 SilverRock Lifestyle Residences, LLC 24-11648 SilverRock Lodging, LLC 24-11650 SilverRock Luxury Residences, LLC 24-11652 SilverRock Phase I, LLC 24-11654 RGC PA 789, LLC 24-11657 COUNCIL RECESSED THE OPEN SESSION PORTION OF THE MEETING AND MOVED INTO CLOSED SESSION AT 7:53 P.M. MAYOR EVANS RECONVENED THE OPEN SESSION PORTION OF THE CITY COUNCIL MEETING AT 8:36 P.M. WITH ALL MEMBERS PRESENT REPORT ON ACTION(S) TAKEN IN CLOSED SESSION: City Attorney Ihrke reported the following pursuant to Government Code section 54957.1 (Brown Act): • CLOSED SESSION ITEM NO. 2 — no reportable action; and • CLOSED SESSION ITEM NO. 3 — no reportable action; Council's authorization remains in place for the City Attorney, in coordination with the City Attorney's Office and Special Counsel, to defend and protect the interests of the City in the multiple bankruptcy cases filed by SilverRock Development Company and its responsive affiliates as reported out for Closed Session Item No. 2 from the August 6, 2024, Council meeting. CITY COUNCIL MINUTES Page 9 of 10 MAY 20, 2025 25 ADJOURNMENT There being no further business, a motion was made and seconded by Councilmembers Pena/McGarrey to adjourn at 8:36 p.m. Motion passed unanimously. Respectfully submitted, MONIKA RADEVA, City Clerk City of La Quinta, California CITY COUNCIL MINUTES Page 10 of 10 MAY 20, 2025 26 CONSENT CALENDAR ITEM NO. 2 City of La Quinta CITY COUNCIL MEETING: June 3, 2025 STAFF REPORT AGENDA TITLE: ADOPT ORDINANCE NO. 623 ON SECOND READING ADDING CHAPTER 11.46 TO TITLE 11 OF THE LA QUINTA MUNICIPAL CODE RELATED TO REGULATING UNAUTHORIZED CAMPING WITHIN THE CITY RECOMMENDATION Adopt Ordinance No. 623 on second reading adding Chapter 11.46 to Title 11 of the La Quinta Municipal Code related to regulating unauthorized camping within the City. EXECUTIVE SUMMARY • On May 20, 2025, Council introduced Ordinance No. 623 for first reading adding Chapter 11.46 to Title 11 of the La Quinta Municipal Code (LQMC) establishing regulations related to unauthorized camping within the City. • If adopted on second reading, Ordinance No. 623 will go into effect 30 days after adoption, or on July 3, 2025. FISCAL IMPACT — None. BACKGROUND/ANALYSIS There has been an increase in unauthorized camping proliferating under bridges, behind commercial buildings, and throughout vacant lots in La Quinta. The encampments raise significant health and safety concerns, and the City is accruing costs for lot abatements. In fiscal year 2024/25 the City has spent $10,000 in lot abatements related to unauthorized camping. The City assists the unhoused population by providing annual funding of $100,000 to each of 3 key organizations addressing homelessness — Coachella Valley Rescue Mission (CVRM), Martha's Village and Kitchen, and Coachella Valley Association of Governments (CVAG). These funds directly support the ongoing regional efforts to provide emergency shelter, meals, case management, and other essential services. Since August 2024, staff has worked directly with CV Housing First program to identify unhoused individuals that may qualify for housing or other health programs. While some experiencing homelessness take steps to protect and preserve their own wellbeing and the wellbeing of others by seeking temporary indoor shelter or other available assistance, others experiencing homelessness do not take such steps, and may 27 prefer to remain without shelter. This can at times hinder or negatively impact the wellbeing of others in La Quinta and the greater Coachella Valley region. On June 28, 2024, the United States Supreme Court ruled the enforcement of laws regulating camping on public property does not constitute "cruel and unusual punishment" prohibited by the Eighth Amendment (City of Grants Pass, Oregon v. Johnson (2024) 603 U.S. 520). The decision allows cities to establish laws prohibiting camping on public property, even if there is limited shelter. In July 2024, California Governor Newsom mandated an executive order to encourage state and local agencies to put policies in place to clear unauthorized camps that are in public. After the Supreme Court ruling and the Governor's executive order, the cities of Palm Springs and Desert Hot Springs adopted regulations prohibiting unauthorized camping. The cities of Palm Desert and Indian Wells have existing regulations addressing unauthorized camping. The proposed ordinance to establish unauthorized camping regulations for La Quinta aligns with these neighboring cities regulations to establish a consistent valley wide approach. Chapter 11.46 will establish reasonable regulations related to unauthorized camping within the city while preserving the rights of individuals to use public property, and maintain public and private streets and developed and undeveloped areas within the City in a clean, safe, and accessible condition for residents and the public at large. On May 6, 2025, Council discussed and expressed general support for the proposed unauthorized camping regulations; directed staff to re-examine and clarify the 72-hour camping allowance; add reference to prohibition of alcohol consumption in public; update signage; and in future, consider installing cameras in problem areas. On May 20, 2025, Council introduced for first reading Ordinance No. 623 proposing to add Chapter 11.46 to the LQMC establishing regulations related to unauthorized camping within the City, which are aligned with those of neighboring cities, supporting a consistent valley -wide approach to addressing unauthorized camping. If adopted on second reading, Ordinance No. 623 will go into effect 30 days after adoption, or on July 3, 2025. As part of this update, new signage will be implemented to help inform the community about the new regulations. Furthermore, to assist in the prevention of unauthorized camping along the CV Link, the City plans to install additional cameras in key areas, enhancing monitoring and enforcement efforts. ALTERNATIVES As Council approved Ordinance No. 623 at first reading, staff does not recommend an alternative. Prepared by: Olivia Rodriguez, Management Specialist Approved by: Monika Radeva, City Clerk W ORDINANCE NO. 623 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, ADDING CHAPTER 11.46 TO TITLE 11 OF THE LA QUINTA MUNICIPAL CODE RELATED TO REGULATING UNAUTHORIZED CAMPING WITHIN THE CITY WHEREAS, the State of California has been experiencing a homelessness crisis; and WHEREAS, the number of unsheltered homeless individuals in the past has been and remains unacceptably high in the Coachella Valley Region of Riverside County, which includes the City of La Quinta ("City"); and WHEREAS, while some persons experiencing homelessness take steps to protect and preserve their own wellbeing and the wellbeing of other persons by seeking temporary indoor shelter or other available assistance, other persons experiencing homelessness do not take such steps, may prefer to remain without shelter, and at times hinder or negatively impact the wellbeing of other persons in the City and greater Coachella Valley Region; and WHEREAS, recognizing that states and local agencies may need to enact and enforce reasonable regulations to address certain instances relating to individuals experiencing homelessness, the United States Supreme Court recently ruled that municipal ordinances do not constitute cruel and unusual punishment when applied to individuals experiencing homelessness, even if homelessness may be involuntary (City of Grants Pass, Oregon v. Johnson (2024) 603 U.S. 520); and WHEREAS, pursuant to Article Xl, Section 5 of the California Constitution, the City, as a charter city, has broad discretionary power to make and enforce within its limits all ordinances and regulations in respect to municipal affairs; and WHEREAS, the La Quinta Municipal Code (LQMC) currently prohibits, in any public park or recreation area of the City, camping or lodging at any time, or otherwise remaining overnight, whether or not in a structure permanently affixed to the ground, except at a place especially designated and provided for such purpose (LQMC, Section 11.44.060(H)); and WHEREAS, the City has a substantial interest in updating and ensuring all areas in the City are subject to reasonable regulations that balance the availability and usage by all persons of public and private property open to the public, with the ability for law enforcement and other authorized officials to prohibit unreasonable extended use of such property for camping or other unintended usage by any persons, including persons who may be homeless or experiencing homelessness; and 29 Ordinance No. 623 Adding Chapter 11.46 to the La Quinta Municipal Code Related to Regulating Unauthorized Camping Adopted: June 3, 2025 Page 2 of 9 WHEREAS, the City has the obligation to preserve and protect the public peace, health, safety, and general welfare; and WHEREAS, the City desires to maintain streets, sidewalks, bridges, underpasses, flood washes and river/flood-beds, bike and golf paths and other rights -of -way, and all developed and undeveloped areas of the city in a clean, safe, and accessible condition for residents, businesses, and the public at large, while also discouraging and preventing the secondary impacts of vagrancy, which can include crime, visual blight, unsanitary conditions, disease, and interference with economic activity or economic development; and WHEREAS, the City prohibits the consumption and possession of alcoholic beverages on any public street, sidewalk, highway, road, lane, alley, parking lot, or any other publicly owned property that is open to the public. This includes all park and recreational areas within the city limits. Specifically, no person shall consume or possess any alcoholic beverage, as defined by Business and Professions Code Section 23004, on such premises (LQMC, Section 11.08.005); and WHEREAS, by enacting this Ordinance, the City Council for the City expressly confirms its intent to provide law enforcement personnel with the necessary and appropriate enforcement tools to address public safety concerns and public nuisance conditions, while accommodating in a reasonable manner and consistent with federal law the circumstances of necessity for individuals experiencing homelessness; and WHEREAS, this Ordinance is necessary to provide the City and all law enforcement personnel, including the Riverside County Sheriff's Department and City Code Enforcement Office, the legal authority to better protect the public and promote the public safety, health, and welfare; and WHEREAS, all other legal prerequisites to the adoption of the Ordinance have occurred. NOW, THEREFORE, the City Council of the City of La Quinta does ordain as follows.. SECTION 1. ADOPTION: Chapter 11.46 is hereby approved and adopted by the City Council and shall be added to Title 11 of the La Quinta Municipal Code as written in Exhibit A attached hereto and incorporated herein by this reference. SECTION 2. RECITALS: The Recitals set forth above are incorporated herein and made an operative part of this Ordinance. SECTION 3. CEQA: The City Council finds that adoption of this Ordinance is exempt from the California Environmental Quality Act, Public Resources Code Section 21000 et seq. ("CEQA") and implementing regulations, California Code of Regulations, Title 14, Section 15000 et seq. ("CEQA Guidelines"), as it is not a "Project" as defined by CEQA. (CEQA Guidelines, § 15060(c)(3).) Pursuant to CEQA Guidelines Section 30 Ordinance No. 623 Adding Chapter 11.46 to the La Quinta Municipal Code Related to Regulating Unauthorized Camping Adopted: June 3, 2025 Page 3 of 9 15378(a), a "Project" means the whole of an action, which has a potential for resulting in either a direct physical change in the environment or a reasonably foreseeable indirect physical change in the environment. The requested action is to amend the La Quinta Municipal Code to confirm and prevent public nuisances and potential civil and criminal offenses, and therefore is exempt from CEQA under the "common sense" exemption (CEQA Guidelines, § 15061(b)(3)), as it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment. The requested action is further exempt under CEQA Guidelines Section 15060(c)(2), as it will not result in a direct or reasonably foreseeable indirect physical change in the environment. SECTION 4. EFFECTIVE DATE: This Ordinance shall be in full force and effect thirty (30) days after its adoption. SECTION 5. POSTING: The City Clerk shall, within 15 days after passage of this Ordinance, cause it to be posted in at least three public places designated by resolution of the City Council (Resolution No. 2022-027), shall certify to the adoption and posting of this Ordinance, and shall cause this Ordinance and its certification, together with proof of posting to be entered into the permanent record of Ordinances of the City of La Quinta. SECTION 6. CORRECTIVE AMENDMENTS: The City Council does hereby grant the City Clerk the ability to make minor amendments and corrections of typographical or clerical errors to "Exhibit A" to ensure consistency of all approved text amendments prior to the publication in the La Quinta Municipal Code. SECTION 7. SEVERABILITY: If any section, subsection, subdivision, sentence, clause, phrase, or portion of this Ordinance is, for any reason, held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance. The City Council hereby declares that it would have adopted this Ordinance and each and every section, subsection, subdivision, sentence, clause, phrase, or portion thereof, irrespective of the fact that any one or more section, subsections, subdivisions, sentences, clauses, phrases, or portions thereof be declared unconstitutional. PASSED, APPROVED and ADOPTED, at a regular meeting of the La Quinta City Council held this 3rd day of June 2025, by the following vote: AYES: NOES: ABSENT: ABSTAIN: 31 Ordinance No. 623 Adding Chapter 11.46 to the La Quinta Municipal Code Related to Regulating Unauthorized Camping Adopted: June 3, 2025 Page 4 of 9 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 32 Ordinance No. 623 Adding Chapter 11.46 to the La Quinta Municipal Code Related to Regulating Unauthorized Camping Adopted: June 3, 2025 Page 5 of 9 CHAPTER 11.46 UNAUTHORIZED CAMPING 11.46.010 Purpose. EXHIBIT A The purpose of this chapter is to preserve and protect the public peace, health and safety, and general welfare of the city, its residents, and businesses. This Chapter establishes reasonable regulations related to unauthorized camping within the city while preserving the rights of individuals to use public property to exercise their First Amendment and other rights pursuant to the United States and California Constitutions. The purpose of this Chapter is to maintain public and private streets and developed and undeveloped areas within the city in a clean, safe, and accessible condition for residents and the public at large; to promote and protect human sanitation and health while preserving appropriate recreational opportunities within the community; and to discourage or prevent the secondary impacts of vagrancy, such as crime, visual blight, poor sanitation, disease, and interference with economic activity or economic development. 11.46.020 Definitions. For the purposes of this chapter, the following meanings shall apply: A. "Camp" means to take up as a person's living quarters, whether temporary or permanent, and may include pitching, sleeping in, cooking in, or occupying camp facilities or using camp paraphernalia for the purpose of taking up a temporary or permanent place for human habitation. For the purposes of this Chapter, "camp" shall not include the use of any facilities or equipment which are used solely in a place especially designated for camping, used in connection with a special event conducted in accordance with a permit issued by the city, or used as expressly authorized under other provisions of this code. B. "Camp facilities" include but are not limited to tents, huts, temporary shelters, trailers, and any other vehicle being used for human habitation. For the purposes of this Chapter, "camp facilities" shall not include a recreational vehicle (RV) that is temporarily stored or temporarily used for habitation, or both, in strict compliance with Subsections (D) and (F) of Section 9.60.130 (or successor provisions, as may be amended from time to time) of this code. C. "Camp paraphernalia" includes but is not limited to collapsible shelters, cots, beds, sleeping bags, bed rolls, hammocks, or cooking equipment, including but not limited to barbeques, open fires, and portable stoves that are not approved by the city. 33 Ordinance No. 623 Adding Chapter 11.46 to the La Quinta Municipal Code Related to Regulating Unauthorized Camping Adopted: June 3, 2025 Page 6 of 9 D. "Public property" means any publicly owned property in the city, improved or unimproved, whether owned or leased by the City or other federal, state, or local public agency, including but not limited to any of the following: public buildings; parking lots; public passageways; public streets, sidewalks, alleyways, bridges, underpasses, flood washes and river/flood-beds, bike and golf paths or any other public rights -of -way; publicly owned, maintained, or operated parks; publicly owned, maintained, or operated landscaped areas or greenbelts; publicly owned, maintained, or operated open spaces, including but not limited to those adjacent to City Hall or other public facilities or buildings of any kind; publicly owned, maintained, or operated recreation areas, golf courses, and related facilities; public retention basins, curbs, gutters, and other water -treatment or water -handling improvements or facilities; public educational institutions; or any other government owned, leased, maintained, or operated properties located within the city. E. "Store" means to put aside or accumulate for use when needed, to put for safekeeping, or to place or leave in a location. 11.46.030 Prohibited Acts. A. No person shall camp or occupy camp facilities or use camp paraphernalia on or in any of the following areas within the city, except as otherwise provided in this chapter or mandated by applicable federal or state law: 1. Any public property; 2. Any private street or right-of-way, including but not limited to privately owned or privately leased sidewalks and landscaping; 3. Any parking lot, yard, building setback, vacant land, open space, or any other area open or accessible to the public, improved or unimproved; 4. In, on, under, or adjacent to any structure not intended for human occupancy, including but not limited to any bridge or tunnel or similar infrastructure improvement, whether publicly or privately owned, and whether such structure is with or without camp paraphernalia; and 5. In, on, under, or adjacent to a parked vehicle on any public or private property, including but not limited to an automobile, bus, truck, camper, trailer, or recreational vehicle. B. No person shall urinate or defecate on public or private property in an area exposed to public view, or on any public property except when in a public restroom or in a restroom inside public property for such purpose. C. No person shall make or kindle an open fire on public or private property accessible to the public except in an appropriate containment device provided or approved for that purpose by the City Fire Marshal and Building Official. 34 Ordinance No. 623 Adding Chapter 11.46 to the La Quinta Municipal Code Related to Regulating Unauthorized Camping Adopted: June 3, 2025 Page 7 of 9 D. No person shall extendedly remain, stay, or loiter on public property or private property accessible to the public between the hours of 10:00 p.m. and dawn of the following day without either a duly issued applicable permit from the city for any public property or the express permission of the owner of the private property accessible to the public. E. No person shall consume or possess any alcoholic beverage on any public property, or upon privately owned property, that would be in violation of Section 11.08.005 (or successor provisions, as may be amended from time to time) of this code. 11.46.040 Storage of Personal Property in Public Places. A. It is unlawful for any person to store personal property, including camp facilities and camp paraphernalia, in the following areas, except as otherwise expressly permitted by the city: 1. On any public property; 2. On any parking lot, yard, building setback, vacant land, open space, or any other area open or accessible to the public, improved or unimproved, whether on public property or private property. 11.46.050 Exceptions. A. This chapter shall not apply to camping in a public or commercial campground legally and lawfully approved and permitted for that purpose and in compliance with all laws, regulations, and conditions of approval for such a facility. B. This chapter shall not apply to events for which a temporary use permit, special event permit, or other applicable permit, has been approved and issued by the city pursuant to applicable provisions of this code. C. This chapter shall not apply to events that allow camping sponsored or conducted by the city. D. This chapter shall not apply to the temporary storage or temporary use for habitation, or both, of a recreational vehicle (RV) in strict compliance with Subsections (D) and (F) of Section 9.60.130 (or successor provisions, as may be amended from time to time) of this code; however, this chapter may apply if any RV is stored or used for habitation in excess of the allowable temporary period for such storage or use. Furthermore, this chapter may apply if a vehicle, including any RV, is parked or stored upon any street or alley in violation of Section 12. 28.040 (or successor provisions, as may be amended from time to time) of this code. 35 Ordinance No. 623 Adding Chapter 11.46 to the La Quinta Municipal Code Related to Regulating Unauthorized Camping Adopted: June 3, 2025 Page 8 of 9 11.46.060 Enforcement. A. Any person violating any provision of this chapter may be subject to a civil action brought against the person by the city, may be subject to an administrative citation pursuant to Chapter 1.09 (or successor provisions, as may be amended from time to time), or may be charged with an infraction or misdemeanor. Any person convicted of a misdemeanor for violation of this chapter shall be subject to the penalties set forth in Section 1.01.230(A) (or successor provisions, as may be amended from time to time) of this code. Any person convicted of an infraction shall be subject to the penalties set forth in Section 1.01.230(B) (or successor provisions, as may be amended from time to time) of this code. B. Each person shall be deemed guilty of a separate offense for each and every day, or any portion thereof, during which any violation of or failure to comply with any of the provisions of this chapter is committed, continued or permitted by such person, and each instance shall be deemed punishable as provided in this chapter. C. The provisions of this chapter shall not be construed as permitting conduct not proscribed herein and shall not affect the enforceability of any other applicable provisions of law. In explanation of the preceding sentence, nothing in this chapter shall affect, limit, or prevent the enforcement of any applicable provisions in Chapter 11.44, including Section 11.44.060(H) (or successor provisions, as may be amended from time to time), of this code. D. Any citation issued for a violation of this chapter may be dismissed upon review by the city manager if, in the interest of justice, at the time of citation issuance, all local homeless shelters were full to capacity, the person cited had no reasonable or adequate alternative course of action, the person cited did not engage in any conduct that was contrary to the lawful orders or instructions from any law enforcement officer, and the person cited did not substantially contribute to the circumstances necessitating camping as his or her only reasonable course of action. E. In addition to any and all rights and remedies available to the city, it shall be a public nuisance for any person to commit, cause, or maintain a violation of this chapter, which shall be subject to abatement by the city under the provisions of Section 1.01.250 (or successor provisions, as may be amended from time to time) and Section 11.72.050 (or successor provisions, as may be amended from time to time), and any other proceedings or remedies available to the city for public nuisances under state law, Chapter 11.72 of this code, or any other applicable provisions of this code. A violation of this chapter is declared a public nuisance and incorporated by reference into Section 11.72.030 (or successor provisions, as may be amended from time to time) of this code. 36 Ordinance No. 623 Adding Chapter 11.46 to the La Quinta Municipal Code Related to Regulating Unauthorized Camping Adopted: June 3, 2025 Page 9 of 9 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF LA QUINTA ) I, MONIKA RADEVA, City Clerk of the City of La Quinta, California, do hereby certify the foregoing to be a full, true, and correct copy of Ordinance No. 623 which was introduced at a regular meeting on the 20th day of May 2025, and was adopted at a regular meeting held on the 3rd day of June 2025, not being less than 5 days after the date of introduction thereof. I further certify that the foregoing Ordinance was posted in three places within the City of La Quinta as specified in the Rules of Procedure adopted by City Council Resolution No. 2022-27. MONIKA RADEVA, City Clerk City of La Quinta, California DECLARATION OF POSTING I, MONIKA RADEVA, City Clerk of the City of La Quinta, California, do hereby certify that the foregoing ordinance was posted on the 4th day of June 2025, pursuant to Council Resolution. MONIKA RADEVA, City Clerk City of La Quinta, California 37 38 CONSENT CALENDAR ITEM NO. 3 City of La Quinta CITY COUNCIL MEETING- .tune 3, 2025 STAFF REPORT AGENDATITLE• ADOPT RESOLUTIONS TO: (A)APPROVE PRELIMINARY FISCAL YEAR 2025/26 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 2025/26 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 26% of the citywide landscape, lighting, median, and parkways maintenance costs. The fiscal year (FY) 2025/26 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 IMPACI The estimated FY 2025/26 cost for retention basin maintenance, and median and parkway landscape and lighting maintenance is $3,808,000 (Table 1 on page 12 of Attachment 1). The EBU will generate an estimated $1,002,096. 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 $1,152,096, leaving a shortfall, funded by the General Fund, of $2,655,904. 39 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 2, including preparation of an annual engineer's report. The FY 2025/26 Preliminary Engineer's Annual Levy Report (Engineer's Report), included as Attachment 1, 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 2024/25 and 2025/26 Engineer's Reports (Table 2 on page 13 of Attachment 1). Citywide Benefit Zone Number of Local Benefit Zones Number of Equivalent Benefit Units (EBU's) EBU Rate District Revenue FY 2024/25 Yes 6 28,009 $35.60/EBU $997,118 FY 2025/26 Yes 6 28,149 $35.60/EBU $1,002,096 Willdan projects an increase of 140 in EBU's from FYs 2024/25 to 2025/26; actuals will be based on the final FY 2025/26 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 17, 2025. 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. 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 $135.28 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 Attachments: 1. Preliminary Engineer's Annual Levy Report FY 2025/26 2. Annual Activities Report 40 RESOLUTION NO. 2025 — XXX A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING THE PRELIMINARY ENGINEER'S REPORT FOR FISCAL YEAR 2025/2026 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. 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 3rd day of June 2025, by the following vote: AYES: NOES: ABSENT: ABSTAIN: LINDA EVANS, Mayor City of La Quinta, California 41 Resolution No. 2025 — XXX Preliminary Engineer's Report L&L District 89-1 Adopted: June 3, 2025 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 42 RESOLUTION NO. 2025 — 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, 2025, and ending June 30, 2026, 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 43 Resolution No. 2025 — XXX Intent to Levy L&L District 89-1 Adopted: June 3, 2025 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, 2025 and ending June 30, 2026 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 17, 2025, 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 17, 2025, 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. 44 Resolution No. 2025 — XXX Intent to Levy L&L District 89-1 Adopted: June 3, 2025 Page 3 of 3 PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on this 3rd day of June 2025, 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 45 City of La Quints Street Lighting and Landscape District No, 89-1 2025/2026 ENGINEER'S ANNUAL LEVY REPORT Intent Meeting: June 3, 2025 Public Hearing: June 17, 2025 W"W I LLDAN 46 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 2025/2026, 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 , 2025. Willdan Financial Services Assessment Engineer On Behalf of the City of La Quinta Daniel Louie Senior Project Manager, District Administration Services Tyrone Peter P.E. # C 81888 47 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 2025. 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 1.2025. 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 12025. 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 I/. 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. 2025/2026 DISTRICT BUDGET 11 APPENDIX A - DISTRICT ASSESSMENT DIAGRAM 14 APPENDIX B - 2025/2026 COLLECTION ROLL 15 49 nr WILLDAN 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 2025/2026. 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 2025/2026 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 2025/2026. 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. 2025/2026 City Of La Quinta L&L 89-1 Page 1 of 15 50 W WILLDAN 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. 2025/2026 City Of La Quinta L&L 89-1 Page 2 of 15 51 W WILLDAN • 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. 2025/2026 City Of La Quinta L&L 89-1 Page 3 of 15 52 W WILLDAN 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. 2025/2026 City Of La Quinta L&L 89-1 Page 4 of 15 53 nr WILLDAN X 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 2025/2026 City Of La Quinta L&L 89-1 Page 5 of 15 54 W WILLDAN 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 2025/2026 City Of La Quinta L&L 89-1 Page 6 of 15 55 W WILLDAN 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. 2025/2026 City Of La Quinta L&L 89-1 Page 7 of 15 56 W 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. 2025/2026 City Of La Quinta L&L 89-1 Page 8 of 15 57 W WILLDAN 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 2025/2026 over or above the maximum rate established. The proposed rate per EBU for Fiscal Year 2025/2026 is the same rate assessed for Fiscal Year 2024/2025. The base assessment rate to be approved for Fiscal Year 2025/2026 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 2025/2026 City Of La Quinta L&L 89-1 Page 9 of 15 58 W WILLDAN assessment revenue of $1,002,096. The City proposes the remaining $6,969,954 be funded through a General Fund contribution of $6,819,954 and $150,000 of revenue from CSA 152. II/, 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 2025/2026 City Of La Quinta L&L 89-1 Page 10 of 15 59 W WILLDAN including any required notices, mailings or property owner protest ballot proceedings. B. 2025/2026 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 2025/2026 is summarized on the next page in Table 1. 2025/2026 City Of La Quinta L&L 89-1 Page 11 of 15 60 nr WILLDAN Table 1 - Fiscal Year 2025/2026 RHdaet Category Description Salaries -Permanent Full Time Estimated Expenditures Fiscal Year 2025/26 $504.600 Funding L & L Assessments $214,100 General Fund -Parks $290,505 Other Benefits & Deductions 269.950 121,900 148,050 Stand By 25.000 10,000 15,000 Personnel Stand By Overtime 65,000 30,000 35,000 Overtime 22,000 10,000 12,000 Total Personnel $886,550 $386,000 $500,550 Annual Lighting & Landscape Report $0 $0 $0 Civic Center Campus Lake Maintenance 40.000 0 40,000 Lighting Contract Services 84,000 84,000 0 Financial Services Admin_ Fee 0 0 0 Citywide Maintenance Contract 2,823,350 1,645,500 1.177,850 Undeveloped Parks PM10 Services 0 0 0 Maintenance & Repair 1,050,000 400,000 650,000 Contract Services CVWD Lease -Pioneer Dog Park 0 0 0 Tree Trimming 75,000 60,000 15,000 Janitorial Services 0 0 0 Security Service - Corporation Yard 0 0 0 Fritz Bums Park 220,000 0 220,000 Lighting Service 1,000 0 1,000 SilverRock Way Landscaping 122,000 87,000 35,000 Total Contract Services 54,415,350 $2,276,500 $2,138,850 Uniforms 1 $8.500 $3.500 $5 000 Rental Services Total Rental Servicesl S8,5001 S3,5001 S5.000 Facilities Charges 50 SO $0 Park Equipment Vehicle Operations Fleet Maintenance 227.300 62,000 P00 Facility & Equipment Depreciation 475.000 0 475 000 Total Operations $702,300 $62,000 $640,300 Gas $25,000 $0 $25,000 Utilities Electric 397.350 141,000 256,350 Phone $1.500 $0 $1,500 Water 482.100 250,000 232,100 Total Utilities $905,950 $391,000 $514,950 $18,000 $4,500 $13,500 Travel Training 8 Meetings Total Travel Training & Meetings $18,000 S4,500 $13,500 Information Technology Computers Printers and Services $188.600 $87,000 $101,600 Total Information Technology $188.600 $87,000 $101,600 Plant Replacement $775.000 $550,000 $225,000 Graffiti Removal 25,000 10,000 15,000 Operating Supplies Safety Gear 4,300 3,000 1,300 Field Materials 21.000 15,000 6,000 Total Operating Supplies $825,300 $578,000 $247,300 Small Tools !Equipment Non -Capital $6,000 $4,000 $2,000 Total Small Tools/Equipment $6,000 $4,000 $2,000 Total Landscape & Lighting Budget $7,956,550 $3.792,500 S4,164,050 Public Works Administration $0 $0 $0 District Administration Citywide Administration $15-500 $15 500 SO Total District Administration $15,500 $15,500 So Total Landscape & Lighting Expenditures $7.972.050 S3,808.000 $4.164,050 Less CSA 152 Revenue $150.000 $150,000 SO Less General Fund Contribution 6 819 954 2655.904 4.164 050 Balance to Levy $1.002.096 $1,002,096 Total EBU 28,149.11 Levy Per EBU $35.60 2025/2026 City Of La Quinta L&L 89-1 Page 12 of 15 61 W 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 FY 2025/2026 Parcel Count County Acres Prior Year EBU Prior Year Levy FY � . �. Agricultural 17 371.44 93.22 $3,318.60 EBU 93.22 $3,318.60 Exempt 88 139.74 0.00 0.00 0.00 0.00 Golf Course 284 3,497.57 1,805.92 64,289.08 1,805.92 64,289.08 Hillside 13 318.93 31.89 1,135.28 31.89 1,135.28 Conservation Multi -Family 34 94.80 642.00 22,855.20 642.00 22,855.20 Residential Non -Residential 285 582.17 2,925.65 104,153.14 2,925.65 104,153.14 Rural/ Estate 57 117.97 95.93 3,414.62 95.93 3,414.62 Vacant/ Remote 15 146.20 120.62 4,293.80 120.62 4,293.80 Single Family 21,597 3,983.52 21,597.00 768,853.20 21,597.00 768,853.20 Residential Vacant Residential 1,092 799.49 360.36 12,820.08 360.36 12,820.08 Vacant Non- 176 505.87 476.52 16,962.52 476.52 16,962.52 Residential (1) The difference in the "Balance to Levy" amount in Table 1 and the total FY 2025/2026 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 2025/2026. Differences are generally due to changes in County Land Use Classifications or Assessor's Parcel Number changes. 2025/2026 City Of La Quinta L&L 89-1 Page 13 of 15 62 W 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. 2025/2026 City Of La Quinta L&L 89-1 Page 14 of 15 63 W WILLDAN APPENDIX B - 2025/2026 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 2025/2026. 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. 2025/2026 City Of La Quinta L&L 89-1 Page 15 of 15 64 ATTACHMENT 2 ANNUAL ACTIVITIES LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT Adopt the following Resolutions: 1. Approve Preliminary Engineer's Report (June 3, 2025). 2. Intention to levy annual assessment and notice of Public Meeting/Hearing (June 17, 2025). 3. Conduct a Public Meeting to allow testimony regarding the proposed assessments prior to Public Hearing (June 17, 2025). 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 17, 2025). 65 City of La Quinta CITY COUNCIL MEETING' June 3, 2025 STAFF REPORT AGENDA TITLE: APPROPRIATE IMPROVEMENTS PROJECT NO. AUTHORITY RECOMMENDATION CONSENT CALENDAR ITEM NO. 4 FUNDING FOR THE SIGNAL AND CROSSWALK 2024-18 AND INCREASE ST. FRANCIS SPENDING Appropriate General Fund budget of $700,000 for the Signal and Crosswalk Improvements Project located at X-Park, Dune Palms Road and Highway 111, and Avenue 52 and Avenida Bermudas; and increase St. Francis spending authority in Fiscal Year 2024/2025 to $610,000. EXECUTIVE SUMMARY • Staff received requests to install lighted crosswalks on Dune Palms Road at the X-Park and at the Avenue 52 Roundabout near Fritz Burns Park to enhance pedestrian safety; partial infrastructure was completed at X-Park during bridge construction, but pole procurement was delayed (Attachment 1). • A separate signal modification is required at Dune Palms Road and Highway 111 due to road widening associated with adjacent development; this includes relocating and replacing a traffic signal pole to accommodate a new curb ramp. (Attachment 1). • The City's on -call consultant, TKE, and on -call traffic signal maintenance contractor, St. Francis, will complete design, procurement, and installation of the crosswalks and signal modifications. Is, This project is currently not in the Capital Improvement Program (CIP). Staff requests General Fund budget appropriation of $700,000 to fund the project. The following is the project budget: Total Budget Design/Professional: $ 75,000 Inspection/Testing/Survey: $ 15,000 Construction: $ 550,000 Contingency: $ 60,000 Total Budget: $ 700,000 67 BACKGROUND/ANALYSIS During the Dune Palms Bridge construction, staff received a request for a lighted crosswalk at the X-Park. In anticipation, the bridge contractor installed the median cut - through with Americans with Disabilities Act (ADA)-compliant ramps and pole footings. However, due to extended lead times for pole procurement, the poles were not ordered or installed during the project timeline. The estimated construction cost of this crosswalk is $140,000. The second request for a lighted crosswalk came from residents who regularly cross from the overflow parking lot to Fritz Burns Park via the Avenue 52 roundabout. To improve pedestrian safety and expedite installation, staff recommends treating this as a stand- alone improvement rather than incorporating it into the Fritz Burns Park improvements project currently underway, to eliminate the possibility of delays. The estimated cost is this crosswalk is $175,000. Additionally, with new development occurring along the east side of Dune Palms Road, north of Highway 111, the City used this opportunity to widen the road to its General Plan ultimate width. As a result, the traffic signal at the northeast corner of Dune Palms Road and Highway 111 must be modified. Specifically, one traffic signal pole will be relocated and upgraded to accommodate a new curb ramp that will be reconstructed as part of the Highway 111 reconstruction project. To align construction schedules, a temporary pole will be installed in the interim. The estimated cost of this signal pole replacement is $235,000 and this part of the project is being timed to coincide with work being done as part of the Highway 111 Paving Project which necessitates the request for appropriation now rather than as part of the upcoming CIP. The City is utilizing its on -call consultant, TKE Engineering, and on -call contractor, St. Francis Electric, to complete the design, procure necessary materials, and perform installation and modifications. St. Francis needs additional spending authority up to $610,000 in fiscal year 2024/2025 to complete the work. This project number was initially tracking the Fritz Burns Park Lighted Crosswalk Project. Staff recommend renaming the project to combine similar project scopes and track the project areas as one project since the designer and contractor are recommended to be the same for each project area. Contingent upon Council's approval to fund the project on June 3, 2025, the following is the project schedule: Council Considers Project Funding June 3, 2025 Dune Palms Temporary Pole June 4 to June 23, 2025 Pole Procurement June 2025 to April 2026 Install Improvements April 2026 to June 2026 .: ALTERNATIVES Staff does not recommend an alternative. Prepared by: Ubaldo Ayon, Jr., Assistant Construction Manager Approved by: Bryan McKinney, P.E., Public Works Director/City Engineer Attachment: 1. Vicinity Map SIGNAL AND CROSSWALK IMPROVEMENTS ATTACHMENI LOCATION MAP �. L__�...+yr+rrn••i._.._. .._.._.._...: Fred WanngQ. m �v �h v Indian Wells HiarwsyrIII S Indio II 1„ j L. Avenue 49 �hOw er fJr _ c O r c t a A,Wnue50 3 La Quinta H vhw ey -111 Avenue 49 1911 e'rue 57 .._.4.�.�y_.._.._.._«_.._i n 1 I � 7 I E � 1 I � a 1 54th Ave t 0 *IMPORTANT* Maps and data are to be used for reference purposes only. Map features are approximate, and are not R C I T necessarily accurate to surveying or engineering standards. The County of Riverside makes no warranty or guarantee as to the content (the source is often third party), accuracy, timeliness, or completeness of any of the data provided, and assumes no legal responsibility for the information contained on this map. Any use of this product with respect to accuracy and precision shall be the sole responsibility of the user. 0 6, 12,037 Feet REPORT PRINTED ON ... 5/22/2025 4:03:44 PM © Riverside County GIS Legend E; County Boundary City Boundaries World_Street_Map Notes CONSENT CALENDAR ITEM NO. 5 City of La Quinta CITY COUNCIL MEETING' June 3, 2025 STAFF REPORT AGENDA TITLE: AWARD CONTRACT TO ROY ALLAN SLURRY SEAL, INC FOR FISCAL YEAR 2024/25 PAVEMENT MANAGEMENT PLAN SLURRY SEAL IMPROVEMENTS PROJECT NO. 2024-03 FOR THE COVE AREA RECOMMENDATION Award a contract to Roy Allan Slurry Seal, Inc. for the fiscal year 2024/25 Pavement Management Plan Slurry Seal Improvements Project No. 2024-03 located at various locations within the City's Cove Area; and authorize the City Manager to execute the contract and approve future change orders within the project budget. EXECUTIVE SUMMARY • Fiscal year (FY) 2024/25 Pavement Management Plan (PMP) includes a comprehensive two-phase effort to preserve and maintain city streets, covering more than 2.5 million square feet of slurry seal and over 16,000 feet of pavement repair. • Phase 1 of the PMP was successfully completed and accepted in March 2025. • Phase 2, known as the Cove Area Slurry Seal Improvements, focuses on streets within the Cove neighborhood and includes (Attachment 1): ✓ Avenida Alvarado: 287,000+ square feet of slurry ✓ Avenida Carranza: 325,000+ square feet of slurry ✓ Avenida Obregon: 294,000+ square feet of slurry ✓ Avenida Rubio: 283,000+ square feet of slurry ✓ Calle Arroba: 128,000+ square feet of slurry ✓ Calle Chihuahua: 108,000+ square feet of slurry ✓ Calle Chillon: 121,000+ square feet of slurry ✓ Calle Colima: 144,000+ square feet of slurry ✓ Calle Monterey: 120,000+ square feet of slurry ✓ Calle Potrero- 77,000+ square feet of slurry ✓ Calle Temecula: 84,000+ square feet of slurry • Roy Allan Slurry Seal, Inc., based in Santa Fe Springs, California, submitted the lowest responsible and responsive bid at $597,493.30 for the base bid. (Attachment 2). 71 FISCAL 11VI VAS i FY 2024/25 Capital Improvement Program (CIP) allocated $1,000,000 of General Funds and $1,000,000 of Measure G Funds, with $240,848 anticipated in carry-over funding to the PMP 2024/25 and $1,000,000 of Measure A Funds to the Cove Area Slurry Seal Improvements Project No. 2024-03. Following FY 2024/25 PMP Phase 1 Improvements, the following is the project budget: *Note: Any rema Phase 2 Budget Professional/Design: $ 100,000 Inspection/Testing/Survey: $ 80,000 Construction: $ 592,493 Contingency*: $ 154,500 Rolled Over Amount $ 810,007 Total Budget: $ 1,737,000 nina fundina will be rolled over to the next PMP Droiecl BACKGROUND/ANALYSIS The City's PMP is a vital infrastructure initiative designed to extend the life of existing streets and improve safety and aesthetics for residents, businesses, and visitors. In FY 2024/25 the PMP is structured in phases: • Phase 1 (Completed March 2025): Over 1.1 million square feet of slurry seal, pothole patching, and updated street striping, including green bike lane enhancements for improved cyclist visibility. • Phase 2 focuses on the Cove neighborhood, addressing nearly 2 million square feet of slurry seal, targeted repairs, and continued improvements to overall road surface quality. Phase 2 of the project was advertised on May 1, 2025, with four (4) bids received and opened on May 22, 2025. The engineer's estimate was significantly higher than the bids received. This may be due to current fluctuations in oil prices. Staff will monitor upcoming bids and adjust if the market appears to be correcting from the current higher prices seen. Contingent upon approval to award the project on June 3, 2025, the following is the project schedule: Council Considers Project Award Execute Contract and Mobilize Construction (40 Working Days) Accept Improvements June 3, 2025 June 4, 2025, to June 15, 2025 June 2025 to August 2025 September 2025 72 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. Bid Summary 73 ATTACHMENT 1 Phase 2 FY 2024/25 Pavement Management Plan Improvements VARIOUS STREETS IN LA OUINTA COVE PROJECT STE CALU P£CATE • v SCALE 74 Bid Opening Date: 05/22/2025 FY 24/25 PMP SLURRY SEAL IMPROVEMENTS City Project No. 2024-03 Engineer's Estimate - Base Bid Item Item Description Unit Quantity Unit Price Total Cost 1 Mobilization LS 1 $ 98,000.00 $ 98,000.00 2 Traffic Control LS 1 $110,000.00 $ 110,600.00 3 Crack Sealand Tpe II, Latex Emulsion A re ate lurry SF 2,080,510 $ 0.35 $ 728,178.50 4 Full Depth Grind AC (3-1/2"), Compact Existing Vase, and Variable Overlay (3-1/2" to 4-1/2") SF 140 $ 110.00 $ 15,400.00 5 Signing and Striping, Including All incidentals LS 1 $120,000.00 $ 120,000.00 Sub -Total Base Bid: 1 $ 1,071,578.50 Grand Total Base Bid Only $1,071,578.50 Roy Allan Slurry Seal, Inc. Unit Price Total Cost $ 0.23 $ 478,517.30 $ 85.00 $ 11,900.00 $ 64,626.00 $ 64,626.00 $ 597,493.30 Union Pavement Services, Inc. Unit Price Total Cost $ 0.24 $ 499,322.40 $ 78.75 $ 11,025.00 $ 58,037.00 $ 58,037.00 $ 634,634.40 Pavement Coatings Co. Unit Price ITotal Cost $ 0.21 $ 436,907.10 $ 79.00 $ 11,060.00 $ 57,000.00 $ 57,000.00 $ 660,967.10 $ 597,493.30 $ 634,634.40 $ 660,967.10 ATTACHMENT 2 Bid Comparison American Asphalt South, Inc. Unit Price I Total Cost $ 0.25 $ 520,127.50 $ 82.50 $ 11,550.00 $ 61,500.00 $ 61,500.00 $ 681,427.50 $ 681,427.50 75 76 CONSENT CALENDAR ITEM NO. 6 City of La Quinta CITY COUNCIL MEETING' June 3, 2025 STAFF REPORT AGENDA TITLE: APPROVE AGREEMENT FOR CONTRACT SERVICES WITH VINTAGE ELECTRIC FOR ON -CALL ELECTRICAL SERVICES PROJECT NO 2024-25 RECOMMENDATION Approve Agreement for Contract Services with Vintage Electric for On -call Electrical Services Project No 2024-25; and authorize the City Manager to execute the agreement. EXECUTIVE SUMMARY • Public Works projects, as well as Building, Landscape and Street Maintenance activities require electrical services which necessitate the use of certified electricians. • On March 21, 2025, a request for qualifications (RFQ) was published for On -Call Electrical Services Project No. 2024-25. Three proposals were received from Horizon Lighting, Inc. (Horizon), Bear Electric, Inc. (Bear), and Vintage Electric (Vintage). • On -call electrical services provide flexibility for electrical repairs in a timely manner based on work demand. FISCAL IMPACT Costs are estimated at $300,000 per fiscal year (FY). Proposed is a 7-year agreement, with a 3-year initial term, and 2 optional 2-year extensions, for a total not to exceed amount of $2,100,000 for the life of the agreement. Funds will be budgeted in accordance with the agreement each FY in the maintenance services accounts for Buildings 101-3008,60691, Parks 101-3005-60691, Public Works Administration Consultants account (101-7001- 60104), and the Capital Improvement Project (CIP) technical account for these services (401-0000-60108). BACKGROUND/ANALYSIS On March 21, 2025, an RFQ was published for on -call electrical services. The City received three proposals as follows: • Horizon — contracted with the City since 2024 for lighting maintenance for the Landscape and Lighting Assessment District 89-1, which includes on -call services; 77 • Bear — specializes in traffic signal maintenance; and • Vintage — provides a wide variety of electric services. On April 30, 2025, the selection committee reviewed the proposals and Vintage was selected as the top contender based on the wide variety of services offered, experience, and quality of work. The proposed agreement (Attachment 1) is for an initial 3-year term, with 2 optional 2-year extensions, based on satisfactory performance of the contractor. On -call electrical services provide flexibility for staff to react quickly to perform needed electrical repairs and/or installation of electrical components in a timely manner in buildings, parks, and for troubleshooting electrical issues. ALTERNATIVES Council could elect not to approve the agreement. Prepared by: Dianne Hansen, Maintenance & Operations Superintendent Approved by: Bryan McKinney, P.E., Public Works Director/City Engineer Attachment: 1. Agreement for Contract Services with Vintage 1, ATTACHMENT 1 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 Vintage E & S, Inc. dba Vintage Electric with a place of business at 80261 Paseo de Montana, Indio, CA 92201 ("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 those services related to On -Call Electrical Services, Project No 2024-25 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. 79 1.5 Familiarity with Work. By executing this Agreement, Contracting Party warrants 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 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. CITY COUNCIL MEETING - JUNE 3, 2025 - HAND-OUT BY STAFF CONSENT CALENDAR ITEM NO. 6 - AGREEMENT WITH VINTAGE ELECTRIC FOR ON -CALL ELECTRICAL SERVICES Compensation for properly authorized Additional Services shall be made in accordance with Section 2.3 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. 2.1 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 annual amount not to exceed Two Mailmen and QneThree Hundred Thousand Dollars ($ 00,000) ("Contract Sum") per fiscal year, for the life of the Agreement, encompassing the Initial and any Extended Terms, 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 -3- 81 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 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, 2025, and terminate on June 30, 2028 ("Initial Term"). This agreement may be extended for two additional two-year terms upon mutual agreement by both parties ("Extended Term"), and executed in writing. -4- 82 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) Name: James Tourje, President Telephone No: 760-775-0135 Email: james@vintageelectric.us 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 Dianne Hansen, Maintenance & Operations Superintendent 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. -5- 83 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 (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 -6- 84 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. 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 -7- 85 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. 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 -8- 86 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 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 -9- 87 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 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 -10- 88 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 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. -11- 89 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: To Contracting Party: CITY OF LA QUINTA VINTAGE ELECTRIC Attention: Dianne Hansen Attention: James Tourje Maintenance & Operations Superintendent President 78495 Calle Tampico 49950 Jefferson St., Suite 130-388 La Quinta, California 92253 Indio, CA 92201 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. -12- 90 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 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- 91 IN WITNESS WHEREOF, the parties have executed this Agreement as of the dates stated below. CITY OF LA QUINTA, VINTAGE ELECTRIC: a California Municipal Corporation JON McMILLEN, City Manager Name: James Tour!e City of La Quinta, California Title: President 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 -14- 92 Exhibit A Scope of Services 1. Services to be Provided: Electrical services may include but are not limited to electrical maintenance, trouble shooting of inoperable equipment, repair and/or replacement of existing lighting, installation of new switches, receptacles, lighting, electric chargers, annual inspection of, and replacement of field lights and ballasts. Examples of electrical work include but are not limited to: • Removal and replacement of existing lighting, pull boxes, conduit and conductors, etc. • Removal, replacement, or installation of electrical meter pedestals, transformers, and conduits, etc. • General residential/commercial electrical repairs and new installations of switches, receptacles, lighting, etc. • Repair and/or replacement of park and parking lot, lamps, ballasts, lighting poles and fixtures. • Repair or replacement of streetlight poles and bollards. • Landscape and general lighting repairs. • Other typical and common miscellaneous electrical repairs and installations. • The work should include all trenching, backfill, and patching unless otherwise stated by the City. • All work shall be to applicable codes and to the satisfaction of the City. Exhibit A Page 1 of 4 Last revised summer 20�73 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 94 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 95 (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 96 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 Three -Hundred Thousand Dollars ($300,000) ("Contract Sum") per fiscal year, for the life of the Agreement encompassing the initial and any extended terms. 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. "Not to exceed" FY 2025/26: "Not to exceed" FY 2026/27: "Not to exceed" FY 2027/28: "Not to exceed" FY 2028/29: "Not to exceed" FY 2029/30: "Not to exceed" FY 2030/31: "Not to exceed" Fy 2031 /32: ON -CALL ELECTRICAL SERVICES PROJECT NO. 2024-25 HOURLY RATE SCHEDULE PERSONNEL Initial Term - $300,000 $300,000 $300,000 Possible Extended Term: $300,000 $300,000 Possible Extended Term: $300,000 $300,000 Position: Electrician $_ 124 • 1�9 per hour Position- Supervisor $ _ per hour Position: Laborer $_ per hour Position: Journeyman S per hour Parts shall be reimbursed at Contractor's cost plus 15% Exhibit B Page 1 of 1 97 Exhibit C Schedule of Performance Contracting Party shall complete services identified in the Scope of Services, Exhibit A of this Agreement, as requested by the City within the time allowed by the total contract sum. Exhibit C Page 1 of 1 .; Exhibit D Special Requirements Contractor must hold a Class C electrical license. Exhibit D Page 1 of 1 •• 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) $5,000,000 (per occurrence) $10,000,000 (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 Exhibit E Page 1 of 5 100 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. 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. 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. 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: Exhibit E Page 2 of 5 101 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. 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 Exhibit E Page 3 of 5 102 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 within five (5) days of the expiration of coverages. Exhibit E Page 4 of 5 103 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 5 104 Exhibit F Indemnification F.1 Indemnitv for the Benefit of 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 2 105 d. Indemnification Provision for Desian 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 2of2 106 City of La Quinta CONSENT CALENDAR ITEM NO. 7 CITY COUNCIL MEETING' June 3, 2025 STAFF REPORT AGENDA TITLE: APPROVE AGREEMENT FOR CONTRACT SERVICES WITH OCEAN SPRINGS TECH, INC FOR POOL AND WATER FEATURE MAINTENANCE PROJECT NO. 2024-24; AND AUTHORIZE THE PUBLIC WORKS DEPARTMENT TO UTILIZE THIS VENDOR AS SELECT SOURCE FOR ON CALL SERVICES RECOMMENDATION Approve an Agreement for Contract Services with Ocean Springs Tech, Inc. for Pool and Water Feature Maintenance Project No. 2024-24; authorize the Public Works Department to utilize this vendor as a select source for on call services; and authorize the City Manager to execute the agreement. EXECUTIVE SUMMARY • The City contracts maintenance services for Fritz Burns pool and the La Quinta Park water feature. • On March 17, 2025, the City published a Request for Qualifications (RFQ) for Pool and Water Feature Maintenance Services Project No. 2024-24; one response was received from Ocean Springs Tech Inc (Ocean Springs); the selection committee recommends contracting with Ocean Springs based on their experience and qualifications. • Proposed is an agreement with Ocean Springs to provide pool and water feature maintenance; staff also requests authority to utilize Ocean Springs as a select source for on call services outside the scope of the contract. FISCAL IMPACT Total estimated cost for pool and water feature maintenance services 7-days per week, year-round, per the proposed agreement, is not to exceed $1,248,348, as detailed in the table below, for the initial 1-year term and optional 6-year term extensions, based on satisfactory performance by the contractor. The contingency is estimated at 5% over the available 7-year agreement term, and is intended to account for increases in prevailing wage and chemical and material costs. 107 Term Estimated Cost FY 2025/26 $ 169,764 FY 2026/27 $ 169,764 FY 2027/28 $ 169,764 FY 2028/29 $ 169,764 FY 2029/30 $ 169,764 FY 2030/31 $ 169,764 FY 2031/32 $ 169,764 Contingency FY 2025/26 — 2031/32 $ 60,000 Grand Total: $1,248,348 Funds will be budgeted per fiscal year (FY) in accordance with the agreement in the accounts detailed in the table below: Parks Fund Account FY 2025/26 Fritz Burns Pool (101-3005-60184) $ 127,680.00 LQ Park Water Feature (101-3005-60554) $ 42,084.00 Total: $ 169,764.00 Staff requests additional spending authority of up to $150,000 to utilize Ocean Springs as a select source for on call services outside the scope of work while the agreement remains in effect. Staff will seek Council approval beyond the $150,000 additional spending authority if and when it is expended. On call services is not guaranteed work, however, utilizing the same contractor would ensure continuity and consistency of services and maintenance. Work may include mold remediation, equipment installation and replacement, programming, etc. The additional spending authority will be budgeted in accordance with the agreement and charged in increments as needed to the appropriate budgeted maintenance service account(s) for the pool 101-3005-60184 and the water feature 101-3005-60554. BACKGROUND/ANALYSIS The City contracts maintenance services for the pool at Fritz Burns Park and the water feature at La Quinta Park. On March 17, 2025, an RFQ was published for increased pool and water feature maintenance services. A mandatory pre -proposal meeting was held on April 19, 2025, two contractors attended, and one proposal was received from Ocean Springs, who is also the current contractor for these services. On April 30, 2025, the selection committee reviewed the proposal and recommended contracting with Ocean Springs based on their experience and qualifications. W: The proposed agreement is for an initial 1-year term, effective July 1, 2025, with optional 6-year term extensions, based on satisfactory performance by the contractor; annual and total costs are detailed in the Fiscal Impact section of this report. Staff also request authorization to utilize Ocean Springs as a select source for on call services outside the scope of work while the agreement remains in effect, as detailed under the Fiscal Impact section of this report. Ocean Springs is familiar with the existing equipment, offers competitive pricing, and has provided the City with quality and timely services since 2020. ALTERNATIVES Council may direct staff to prepare new specifications and re -advertise for Pool and Water Feature Maintenance Services Project No. 2024-24. However, that may cause a disruption in services. Prepared by: Dianne Hansen, Maintenance & Operations Superintendent Approved by: Bryan McKinney, Public Works/ City Engineer Director Attachment: 1. Agreement for Contract Services with Ocean Springs 109 ATTACHMENT 1 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 Contractor Name Ocean Springs Tech, Inc. ("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 those services related to Pool and Water Feature Maintenance Project No 2024-24 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 110 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. 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. 2.1 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 of One Million Two Hundred and Forty Eight Thousand and Three Hundred and Forty Eight Dollars ($1,248,348), (the "Contract Sum"), for the life of the Agreement, encompassing the Initial and any Extended Terms, 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 _g_ 112 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, 2025, and terminate on June 30, 2026 ("Initial Term"). This Agreement may be extended for six additional year(s) upon mutual agreement by both parties ("Extended Term"), and executed in writing. 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) Name: Armando Rodriguez Telephone No: 760-329-8933 Email: info@oceanspringstech.com (b) Name: Johanna Gastelo Telephone No: 760-968-6959 Email: gasteloj@oceanspringstech.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 Dianne Hansen, Maintenance & Operations Superintendent 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 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. 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 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. _g 117 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 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 -g 118 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 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 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: To Contracting Party: CITY OF LA QUINTA OCEAN SPRINGS TECH, INC. Attention: Dianne Hansen Attention: Armando Rodriguez Maintenance & Operations Superintendent Project Manager 78495 Calle Tampico 65145 Two Bunch Palms Trail La Quinta, California 92253 Desert Hot Springs, CA 92240 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 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] 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 OCEAN SPRINGS TECH, INC.: SO Name: Armando Rodriauez Title: Project Manager Exhibit A Scope of Services 1. Services to be Provided: POOL MAINTENANCE: for the pool located in Fritz Burns Park, 78080 Frances Hack Lane. The following procedures are to be completed on every scheduled visit. (7-days a week) • Vacuum the pool and wading pool floor and walls to remove all debris • Brush down walls and bottom of pools • Backwash the pool filters 3-4 times a week (depending on usage and TDS) • Inspect and clean filter pump • Remove all leaves and foreign objects from the surface and bottom of the pools • Scrub waterline tiles with soap and brush to remove oils, dirt and scum to prevent build up • Maintain water chemistry by using a test kit to ensure compliance with health and water quality standards established by the Riverside County Health Department. • The chemical readings for the pool include Free Chlorine & PH (7xwk) combined chlorine(1xwk), Alkalinity (3xwk), Calcium (1xwk), Conditioner (1xwk), and Phosphate levels (1xwk) TDS Levels (2x month). • Monitor the pools for proper water levels • Maintain and complete the chemical log sheet on each service visit • Maintain chemical room to be clean of debris and free of unsafe issues. • Report any safety and/or issues other than equipment problems such as: loose handrails. Bad flow meters, water leaks, failing timers, etc. • Replace Pool Media (1) time per year • IPS Control Monitoring • Wash Pool deck 2x month • Apply pool covers as needed during colder months • All chemicals needed to maintain the pool chemistry to be included • Pool Heater maintenance before winter season • Bulk chemical filling service Exhibit A Page 1 of 5 Last revised summer 2ff4 SPLASH PAD MAINTENANCE: located in La Quinta Park, 79120 Black Hawk Way • Disinfect and clean the Splash pad • Equipment inspection to be done on each scheduled visit • Clear the Splash Pad of any trash, leaves, branches, algae, or any other slippery build up, and other debris that may be unsafe surrounding the water feature. • Maintain water chemistry by using a test kit to ensure compliance with health and water quality standards established by the County of Riverside Health Department. • Chemical readings for the Splash Pad include Free Chlorine & PH (each visit), combined chlorine, Alkalinity, Calcium, Conditioner, and Phosphate levels. • Monitor the water tank/autofill daily for proper water levels. • Water toy spray nozzles to be free of dirt and debris, cleaned as often as needed (minimum twice per week) for proper water flow. • Clean/maintain solenoids, diaphragms weekly/as needed to maintain proper water pressure/flow/spray height to each water toy. • Weekly maintenance of calcium removal on water spray toys and nozzles. • Maintain and complete the chemical log sheet on each scheduled visit. • Maintain equipment room clean of debris and free of unsafe issues. • Report any safety and/or issues other than equipment problems such as: loose nozzles, broken drain covers, bad flow meters, water leaks, failing timers, etc. • Maintenance to be performed early mornings, prior to opening of the splash pad. • Sand filters to be cleaned/sand replaced semi-annually, March and October. 2. PERFORMANCE STANDARDS The pool and splash pad shall be maintained in "first-class condition", defined as water with the following characteristics: a) Absence of objectionable odor and water discoloration. b) Absence of inappropriate debris and trash. Maintain proper chemical levels, spray water is to be clean and clear, debris removal from surface is a priority when servicing water features. Any and all replacement parts must be as per original plan specifications with no deviations. Exhibit A Page 2 of 5 125 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 3 of 5 126 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 4 of 5 127 (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 5 of 5 128 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 Million Two Hundred and Forty Eight Thousand and Three Hundred and Forty Eight Dollars ($1,248,348) ("Contract Sum") for the life of the Agreement, encompassing the Initial and any Extended Terms. 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. ITEM DESCRIPTION MONTHLY PRICE ANNUAL PRICE NO: FRITZ BURNS PARK 78080 FRANCES HACK LANE 1 POOL — Service 7 Days per Week $10,640.00 $127,680.00 ITEM DESCRIPTION MONTHLY PRICE ANNUAL PRICE NO: LA QUINTA PARK 79120 BLACK HAWK WAY 1 SPLASH PAD WATER FEATURE $3,507.00 $42,084.00 Service 7 Days Per Week ITEM DESCRIPTION MONTHLY PRICE ANNUAL PRICE NO: LA QUINTA PARK 79120 BLACK HAWK WAY 1 SPLASH PAD WATER FEATURE $2,163.00 $25,956.00 Service 3 Days Per week Exhibit B Page 1 of 2 129 ON CALL SERVICES PRICING SCHEDULE Maximum total compensation for Additional Services, pursuant to Section 1.7 of this Agreement, to be paid to Contracting Party only when requested and authorized in writing by the Contract Officer is $150,000 Dollars. On call services are not guaranteed work. Work may include mold remediation, equipment installation and replacement, programming, etc. Work will be billed at the hourly rates provided herein. PERSONNEL Position: Electrician $ 195.00 per hour Position: Supervisor $ 195.00 per hour Position: Laborer $ 195.00 per hour Exhibit B Page 2 of 2 130 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. The pool and splash pad are to be serviced seven (7) days per week during normal working operations. Splash pad services may be reduced to three (3) days per week, as needed with prior written approval by the Contract Officer. Exhibit C Page 1 of 1 131 Exhibit D Special Requirements All proposers shall be licensed under the provisions of Chapter 9, Division 3 of the Business and Professions Code of the State of California to do the type of work contemplated in the project. In accordance with provisions of California Public Contract Code Section 3300, the City has determined that the Contractor shall possess a valid La Quinta Business License for pool maintenance at the time that the proposal is submitted. Exhibit D Page 1 of 1 132 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 Exhibit E Page 1 of 5 133 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. 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. 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. 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: Exhibit E Page 2 of 5 134 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. 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 Exhibit E Page 3 of 5 135 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 within five (5) days of the expiration of coverages. Exhibit E Page 4 of 5 136 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 5 137 Exhibit F Indemnification F.1 Indemnitv for the Benefit of 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 2 138 d. Indemnification Provision for Desian 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 2of2 139 140 CONSENT CALENDAR ITEM NO. 8 City of La Quinta CITY COUNCIL MEETIN( June 3, 2025 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED MARCH 31, 2025 RECOMMENDATION Receive and file revenue and expenditure report dated March 31, 2025. EXECUTIVE SUMMARY • The report summarizes the City's year-to-date (YTD) and month -to -date (MTD) revenues and expenditures for March 2025 (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 Budget — represents revenue and expenditure budgets the Council adopted in June 2024 for fiscal year 2024/25. Current Total Budget — represents original adopted budgets plus any Council approved budget amendments from throughout the year, including any carryovers from fiscal year 2023/24. Period Activity — represents actual revenues received and expenditures outlaid in the reporting month. Fiscal Activity — represents actual revenues received and expenditures outlaid YTD. Variance Favorable/(Unfavorable) - represents the dollar difference between YTD collections/expenditures and the current budgeted amount. Percent Used — represents the percentage activity as compared to budget YTD. 141 March 2025 Revenues Comparison to 2024 YTD YTD Pe rce nt of Pe rce nt of MTD YTD Bud et YTD Budget General Fund (GF) $ 5,677,363 $ 51,763,122 59.02% $ 45,842,140 57.88% All Funds $ 14,883,951 $ 83,000,116 38.18% $ 93,259,886 46.56% March 2025 Expenditures Comparison to 2024 YTD YTD Percent of Pe rce nt of MTD YTD Budget YTD Budget General Fund $ 4,722,351 $ 41,141,639 38.77% $ 40,462,538 39.81 % Payroll (GF) $ 904,209 $ 8,562,291 60.60% $ 8,798,865 65.71 % All Funds $ 8,875,975 $ 91,433,627 37.99% $ 93,447,452 40.04% 1 V FIVC RCVCIIUW1111VU1[1W JUUIl WC IVI IV101I 11 General Fund Non -General Fund Transient Occupancy (Hotel) Tax $ 1,758,838 Highway Bridge Program (Dune Palms Reimbursement) $ 5,542,732 Measure G Sales Tax $ 1,496,785 County Government Revenue -Library/Museum $ 1,210,104 Sales Tax $ 1,214,437 SilverRock Green Fees $ 482,753 Franchise Taxes - Burrtec $ 472,749 Gas Tax $ 150,431 Zoning Change Mitigation Fees $ 89,173 County Sales Tax (Measure A) $ 147,572 General Fund Non -General Fund Sheriff Contract $ 1,302,154 Debt Service Payments- Successor Agency Bonds(') $ 1,630,645 Marketing & Tourism Promotions $ 106,684 Capital Improvement Program - Construction(2) $ 907,350 Professional Services (Elections) $ 105,902 Affordable Housing Project Development $ 207,003 Parks Landscape Maintenance Contract $ 93,482 SilverRock Maintenance $ 191,118 Golf Tournament $ 65,828 Lighting & Landscape Maintenance Contract $ 130,125 "Interest and principal payments for redevelopment bonds, funded by dedicated Redevelopment Property Tax Trust Fund (RPTTF) revenue. (2)CIP Construction: Dune Palms Bridge and pavement management plan. 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. 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, 2025 142 ATTACHMENT 1 Q�dgr(v City Council Month Expense & Revenue Reports (V Group Summary - GEM of the DESERT - For Fiscal: 2024/25 Period Ending: 03/31/2025 Variance Original Current Period Fiscal Favorable Percent Fund Total Budget Total Budget Activity Activity (Unfavorable) Used 101 - GENERAL FUND 82,714,300.00 87,707,804.00 5,677,362.54 51,763,121.66 -35,944,682.34 59.02% 105 - DISASTER RECOVERY FUND 30,000.00 30,000.00 0.00 -12,424.41 -42,424.41 41.41% 201- GAS TAX FUND 2,589,000.00 2,589,000.00 150,430.86 1,861,853.42 -727,146.58 71.91% 202 - LIBRARY & MUSEUM FUND 3,143,000.00 3,143,000.00 1,210,391.97 1,867,353.22 -1,275,646.78 59.41% 203 - PUBLIC SAFETY FUND (MEASURE G) 5,000.00 5,000.00 0.00 -227.57 -5,227.57 4.55% 210 - FEDERAL ASSISTANCE FUND 190,000.00 190,000.00 0.00 -2.69 -190,002.69 0.00% 212 - SLESA (COPS) FUND 103,000.00 103,000.00 8,333.33 143,924.53 40,924.53 139.73% 215 - LIGHTING & LANDSCAPING FUND 4,000,500.00 4,000,500.00 0.00 3,073,361.47 -927,138.53 76.82% 221- AB 939 - CALRECYCLE FUND 80,000.00 80,000.00 17,549.94 40,038.22 -39,961.78 50.05% 223 - MEASURE A FUND 2,025,000.00 2,025,000.00 147,572.42 1,099,389.64 -925,610.36 54.29% 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG) 13,000.00 13,000.00 0.00 0.00 -13,000.00 0.00% 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP) 5,500.00 5,500.00 0.00 0.00 -5,500.00 0.00% 230 - CASp FUND, AB 1379 21,000.00 21,000.00 1,416.00 12,995.22 -8,004.78 61.88% 231- SUCCESSOR AGCY PA 1 RORF 20,260,000.00 20,260,000.00 748.52 5,170,923.62 -15,089,076.38 25.52% 235 - SO COAST AIR QUALITY FUND 54,500.00 54,500.00 12,150.10 25,034.83 -29,465.17 45.94% 237 - SUCCESSOR AGCY PA 1 ADMIN 13,820.00 13,820.00 0.00 -232.91 -14,052.91 1.69% 241 - HOUSING AUTHORITY 1,452,000.00 1,452,000.00 95,870.81 907,779.03 -544,220.97 62.52% 243 - RDA LOW -MOD HOUSING FUND 60,000.00 60,000.00 0.00 -5,289.32 -65,289.32 8.82% 247 - ECONOMIC DEVELOPMENT FUND 40,000.00 40,000.00 1,250.00 3,247.99 -36,752.01 8.12% 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016) 18,000.00 18,000.00 24,276.44 79,607.36 61,607.36 442.26% 250-TRANSPORTATION DIF FUND 540,000.00 540,000.00 36,081.00 374,053.67 -165,946.33 69.27% 251- PARKS & REC DIF FUND 253,000.00 253,000.00 18,954.00 96,991.52 -156,008.48 38.34% 252 - CIVIC CENTER DIF FUND 103,000.00 103,000.00 11,070.00 68,201.43 -34,798.57 66.21% 253 - LIBRARY DEVELOPMENT DIF 50,000.00 50,000.00 3,573.00 18,659.00 -31,341.00 37.32% 254 - COMMUNITY & CULTURAL CENTERS DIF 105,000.00 105,000.00 8,604.00 43,612.44 -61,387.56 41.54% 257 - FIRE PROTECTION DIF 53,000.00 53,000.00 3,321.00 20,230.26 -32,769.74 38.17% 259 - MAINTENANCE FACILITIES DIF FUND 47,000.00 47,000.00 2,817.00 25,334.06 -21,665.94 53.90% 270-ART IN PUBLIC PLACES FUND 158,000.00 158,000.00 5,813.40 119,422.33 -38,577.67 75.58% 310 - LQ FINANCE AUTHORITY DEBT SERVICE 1,500.00 1,500.00 0.00 -1.10 -1,501.10 0.07% 401 - CAPITAL IMPROVEMENT PROGRAMS 27,218,109.00 82,703,042.06 5,542,732.49 6,846,743.69 -75,856,298.37 8.28% 501 - FACILITY & FLEET REPLACEMENT 1,705,000.00 1,705,000.00 373,750.00 1,114,868.02 -590,131.98 65.39% 502 - INFORMATION TECHNOLOGY 2,276,708.00 2,276,708.00 775,563.96 2,355,266.28 78,558.28 103.45% 503 - PARK EQUIP & FACILITY FUND 500,000.00 500,000.00 250,000.00 745,414.13 245,414.13 149.08% 504 - INSURANCE FUND 1,363,230.00 1,363,230.00 0.00 680,507.52 -682,722.48 49.92% 601- SILVERROCK RESORT 5,484,500.00 5,484,500.00 556,402.47 4,061,620.69 -1,422,879.31 74.06% 760 -SUPPLEMENTAL PENSION PLAN 7,000.00 7,000.00 0.00 4,911.64 -2,088.36 70.17% 761- CERBT OPEB TRUST 40,000.00 40,000.00 27,847.06 100,199.89 60,199.89 250.50% 762 - PARS PENSION TRUST 200,000.00 200,000.00 -79,931.00 293,627.40 93,627.40 146.81% Report Total: 156,922,667.00 217,401,104.06 14,883,951.31 83,000,116.18 -134,400,987.88 38.18% 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 3 143 City Council Month Expense & Revenue Reports Group Summary For Fiscal: 2024/25 Period Ending: 03/31/2025 Variance Original Current Period Fiscal Favorable Percent Fund Total Budget Total Budget Activity Activity (Unfavorable) Used 101 - GENERAL FUND 83,331,665.00 106,123,184.50 4,722,350.84 41,141,639.38 64,981,545.12 38.77% 105 - DISASTER RECOVERY FUND 0.00 4,993,504.00 0.00 4,993,504.00 0.00 100.00% 201-GAS TAX FUND 3,443,100.00 5,749,202.40 236,084.62 2,004,506.07 3,744,696.33 34.87% 202 - LIBRARY & MUSEUM FUND 2,555,615.00 5,010,359.92 32,046.03 1,122,261.64 3,888,098.28 22.40% 203 - PUBLIC SAFETY FUND (MEASURE G) 0.00 20,375.54 0.00 0.00 20,375.54 0.00% 210 - FEDERAL ASSISTANCE FUND 198,500.00 198,500.00 0.00 0.00 198,500.00 0.00% 212 - SLESA (COPS) FUND 100,000.00 100,000.00 1,335.77 93,195.83 6,804.17 93.20% 215 - LIGHTING & LANDSCAPING FUND 3,957,700.00 4,532,700.00 295,035.35 2,723,964.00 1,808,736.00 60.10% 220-QUIMBYFUND 0.00 262,685.00 0.00 0.00 262,685.00 0.00% 221- AB 939 - CALRECYCLE FUND 200,000.00 200,000.00 8,250.00 66,821.15 133,178.85 33.41% 223 - MEASURE A FUND 2,335,000.00 4,456,986.26 0.00 149,016.82 4,307,969.44 3.34% 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG) 12,000.00 12,000.00 0.00 11,373.33 626.67 94.78% 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP) 5,000.00 5,000.00 0.00 4,204.20 795.80 84.08% 230 - CASp FUND, AB 1379 5,500.00 5,500.00 0.00 822.40 4,677.60 14.95% 231- SUCCESSOR AGCY PA 1 RORF 4,452,755.00 4,452,755.00 1,630,644.82 16,681,324.79 -12,228,569.79 374.63% 235 - SO COAST AIR QUALITY FUND 40,000.00 40,000.00 9,784.98 13,987.88 26,012.12 34.97% 237 - SUCCESSOR AGCY PA 1 ADMIN 10,000.00 10,000.00 0.00 1,600.00 8,400.00 16.00% 241 - HOUSING AUTHORITY 1,715,440.00 1,965,440.00 130,560.11 1,141,898.27 823,541.73 58.10% 243 - RDA LOW -MOD HOUSING FUND 250,000.00 350,000.00 0.00 300,800.00 49,200.00 85.94% 247 - ECONOMIC DEVELOPMENT FUND 31,500.00 31,500.00 330.04 4,991.53 26,508.47 15.85% 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016) 250,000.00 657,003.00 207,003.00 746,407.31 -89,404.31 113.61% 250-TRANSPORTATION DIF FUND 1,579,109.00 2,837,567.34 0.00 400,453.50 2,437,113.84 14.11% 251 - PARKS & REC DIF FUND 0.00 843,615.24 0.00 62,573.44 781,041.80 7.42% 252 - CIVIC CENTER DIF FUND 0.00 249,925.00 0.00 0.00 249,925.00 0.00% 253 - LIBRARY DEVELOPMENT DIF 15,000.00 15,000.00 0.00 5,617.00 9,383.00 37.45% 254 - COMMUNITY & CULTURAL CENTERS DIF 500,000.00 625,000.00 0.00 0.00 625,000.00 0.00% 259 - MAINTENANCE FACILITIES DIF FUND 100,000.00 280,000.00 0.00 0.00 280,000.00 0.00% 270-ART IN PUBLIC PLACES FUND 233,000.00 741,798.97 18,500.00 98,301.94 643,497.03 13.25% 310 - LQ FINANCE AUTHORITY DEBT SERVICE 1,500.00 1,500.00 0.00 0.00 1,500.00 0.00% 401 - CAPITAL IMPROVEMENT PROGRAMS 27,218,109.00 80,726,565.86 967,208.00 10,791,789.52 69,934,776.34 13.37% 501 - FACILITY & FLEET REPLACEMENT 1,628,750.00 2,665,363.55 57,997.03 1,423,330.11 1,242,033.44 53.40% 502 - INFORMATION TECHNOLOGY 3,217,945.00 3,367,945.00 82,279.06 1,689,201.54 1,678,743.46 50.16% 503 - PARK EQUIP & FACILITY FUND 2,000,000.00 2,700,000.00 33,247.69 683,188.71 2,016,811.29 25.30% 504 - INSURANCE FUND 1,058,000.00 1,058,000.00 1,096.05 1,046,254.00 11,746.00 98.89% 601- SILVERROCK RESORT 5,365,000.00 5,365,000.00 438,983.90 3,991,118.23 1,373,881.77 74.39% 760 -SUPPLEMENTAL PENSION PLAN 12,850.00 12,850.00 0.00 12,832.86 17.14 99.87% 761- CERBT OPEB TRUST 1,500.00 1,500.00 364.47 1,184.34 315.66 78.96% 762 - PARS PENSION TRUST 30,000.00 30,000.00 2,873.61 25,462.89 4,537.11 84.88% Report Total: 145,854,538.00 240,698,326.58 8,875,975.37 91,433,626.68 149,264,699.90 37.99% 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 3 144 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 Housing Authority which is to promote and provide quality affordable housing. 243 RDA Low -Moderate Housing Fund Activities of the Housing Authority which is to promote and provide quality affordable housing. Accounts for RDA loan repayments 20 /o for Housing) and housing programs,. 244 Housing Grants Activites related Local Early Action Planning (LEAP) and SB2 grants for housing planning and development. 247 Economic Development Fund Proceeds from sale of City -owned land 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) iSupplemental pension savings plan for excess retiree benefits to general employees of the City. 761 Other Post Benefit Obligation Trust (OPEB) For retiree medical benefits and unfunded liabilities. 762 Pension Trust Benefit (PARS Account) For all pension -related benefits and unfunded liabilities. 145 Page 3 of S 146 City of La Quints CONSENT CALENDAR ITEM NO. 9 CITY COUNCIL MEETING: June 3, 2025 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE THIRD QUARTER FISCAL YEAR 2024/25 TREASURY REPORTS FOR JANUARY, FEBRUARY, AND MARCH 2O25 RECOMMENDATION Receive and file the third quarter fiscal year 2024/25 Treasury Reports for January, February, and March 2025. BACKGROUND/ANALYSIS Commentary and Summary of Significant Activity The total book value of the portfolio increased approximately $20.7 million from $255.8 million at the end of December to $276.5 million at the end of March due to normal operations including receipt of property taxes, as well as reimbursement payments for the Dune Palms bridge project. The portfolio is within policy limits for investment types and total allocation by type and is also within policy guidelines for investment ratings. The chart below shows the portfolio policy compliance as measured in market value. Asset Category mdRVt vakue 3/31/2025 o vl rcxuuuu 3/31/2025 Certificate of Deposits 130 % 38.535,22429 13.97 Checking I Savings I Sweep Accounts 1,452,957.88 0.53 Corporate Notes 130 % 2,487,795.00 0.90 Investment Pools 80,681,777.46 29.26 Money Market Mutual Funds 120 % 24,631,366.77 8.93 Trusts Not Subject to Policy 8,040,160.62 2.92 US Agency 1 100 % 62,692,851.00 22.73 US Treasury 1 100 % 57,257,530.00 20.76 Total Averagw- 275,779,663.02 100.00 The total market value of the portfolio increased $22.0 million from $253.8 million in December to $275.8 million in March. This variance differs from the book value increase due to market valuation fluctuations in response to interest rates; all treasury yields from 1-year out went down between December and March, which increases the value of holdings with higher coupon values. The City generally follows a buy -and -hold strategy for long-term investments, and maintains a cash reserve to cover operational needs, and therefore is not affected by market valuation fluctuations. 147 i reasury rates Date 1 mo 3 mo 6 mo 1 yr 2 yr 3 yr 5 yr 10 yr 30 yr 12/31 /2024 4.40 4.37 4.24 4.16 4.25 4.27 4.38 4.58 4.78 1 /31 /2025 4.37 4.31 4.28 4.17 4.22 4.27 4.36 4.58 4.83 2/28/2025 4.38 4.32 4.25 4.08 3.99 3.99 4.03 4.24 4.51 3/31 /2025 4.38 4.32 4.23 4.03 3.89 3.89 3.96 4.23 4.59 The annualized total rate of return averaged over twelve months was 3.83% as of March. For the quarter, the annualized total rate of return was 3.75% and the portfolio yield to maturity was 3.72%. Total interest received for the quarter was just over $2.3 million, while interest earned, including accrued and not yet received, was $2.47 million. Annualized Total Interest Average Days Yield To Total Rate of Received to Maturity Maturity Return January $ 566,704 586 3.75% 3.85% February $ 685,819 572 3.76% 3.49% March $ 1,064,767 575 3.66% 3.91 % Quarter 3 $ 2,317,290 578 3.72% 3.75% Quarter 2 2024/25 $ 1,730,016 616 3.66% 3.76% Quarter 1 2024/25 $ 1,998,617 572 3.82% 3.87% City staff routinely evaluates liquidity needs while also monitoring market trends; we are closely watching the treasury market, which saw significant decreases in yields from June to September as the market anticipated Fed rate cuts, only for the rates to rise again by the end of December in anticipation of a new federal administration, and decrease again from December to March as the markets digested various tariff, regulatory, and economic news. We are continuing to utilize the California Asset Management Program (CAMP) which is yielding more than the Local Agency Investment Fund (LAIF), for short-term investing, but may shift money between the funds as appropriate. The City also continues to use a sweep function on both our operating account and our custody bank cash account, whereby funds are placed into highly -rated government funds (Invesco Treasury Portfolio - ticker TYCXX and First American Treasury Fund - ticker FUZXX) that earn interest until such time that money is reinvested or used for operations. We will continue to monitor these funds as well, and utilize longer -term investments as the short-term yield environment responds to the Fed's actions in regard to the federal funds rate. Throughout the quarter, three federal agency bonds, 17 CDs, and one CAMP term matured, and three agency bonds were called. Seven federal agency bonds, five treasuries, and six CDs were purchased. Maturities and purchases are listed in detail in the attached reports. The City utilized the new Tracker software for treasury reporting for the first time in quarter one of this fiscal year. The system now contains twelve months of data, and if available as a feature of a particular report, that history will be reflected. 148 Other NntPc Money market funds with the fiscal agent are bond proceeds subject to bond indentures, not the City's investment policy. Successor Agency (SA) funds cannot be invested long- term; therefore SA funds are only invested in LAIF. Looking Ahead The Treasurer follows a "buy and hold" Investment Policy, unless it is fiscally advantageous to actively trade outside of maturity dates. In the short term, the Treasurer will invest in Money Market/Mutual Funds, CAMP, LAIF, and U.S. Treasuries as needed. Longer term investments may include Government Sponsored Enterprise (agencies) securities, U.S. Treasuries, Corporate Notes, and Negotiable Certificates of Deposits. All investments recognize both immediate and long-term cash flow needs, and there is sufficient liquidity in the portfolio to meet expenditure requirements for the next six months. Prepared by: Rosemary Hallick, Principal Management Analyst Approved by: Claudia Martinez, Finance Director/City Treasurer Attachment: 1. Treasurer's Report for January 1, 2025 to March 31, 2025 149 ATTACHMENT 1 t .k FOR I City of La Quinta Investment Portfolio Quarterly Investment Report January 31, 2025 COMPLIANCE I I 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. Portfolio Name Face Amount/Shares Market Value Book Value % of Portfolio YTM @ Cost Days To Maturity CAMP 52,389,882.63 52,389,882.63 52,389,882.63 19.42 5.04 87 CERBT OPEB Trust 2,077,938.52 2,077,938.52 2,077,938.52 0.77 1.85 1 Fiscal Agent - Debt Service 21,867.87 21,867.87 21,867.87 0.01 3.86 1 Fixed Income Investments 158,210,000.00 155,485,094.38 157,454,540.76 58.38 3.29 972 Housing Authority - LQPR 214,334.08 214,334.08 214,334.08 0.08 0.00 1 Housing Authority -DPME 1,180,470.21 1,180,470.21 1,180,470.21 0.44 0.00 1 Housing Authority - LAIF 2,202,965.73 2,204,836.47 2,202,965.73 0.82 4.37 1 LAIF 20,561,645.26 20,579,106.02 20,561,645.26 7.62 4.37 1 Money Market at Custodian 994,770.82 994,770.82 994,770.82 0.37 4.26 1 Operating Funds 26,667,118.52 26,667,118.52 26,667,118.52 9.89 4.26 1 PARS Pension Trust 5,952,439.80 5,952,439.80 5,952,439.80 2.21 1.30 1 Total / Average 270,473,433.44 267,767,859.32 269,717,974.20 100.00 3.75 584 Claudia Martinez, Finance Director/City Treasurer 5/27/2025 _ Date 150 City of La Quinta I CA Portfolio Holdings Investment Portfolio I by Security Sector Report Format: By Transaction Group By: Security Sector Average By: Face Amount / Shares Portfolio / Report Group: All Portfolios As of 1 /31 /2025 Settlement YTM @ Face Maturity Days To Accrued % of Description CUSIP/Ticker Date Cost Amount/Shares Cost Value Book Value Market Value Date Maturity Interest Portfolio Cash BMO Bank I LQ Palms Realty Cash LQPR1935 3/31/2024 0.000 214,334.08 214,334.08 214,334.08 214,334.08 N/A 1 0.08 BMO Suntrust I Dune Palms Cash DPME4741-3599 3/31/2024 0.000 1,180,470.21 1,180,470.21 1,180,470.21 1,180,470.21 N/A 1 0.44 City of La Quinta Cash PETTYCASH 3/31/2024 0.000 3,300.00 3,300.00 3,300.00 3,300.00 N/A 1 0.00 Sub Total / Average Cash 0.000 1,398,104.29 1,398,104.29 1,398,104.29 1,398,104.29 1 0.00 0.52 Certificate Of Deposit Access Bank NE 1.6 3/13/2025 00435JBH5 3/13/2020 1.600 248,000.00 248,000.00 248,000.00 247,189.04 3/13/2025 41 195.68 0.09 Advantage Credit Union IA 4.45 7/31 /2028 00790UAE7 7/31/2024 4.450 249,000.00 249,000.00 249,000.00 250,698.18 7/31/2028 1,277 0.00 0.09 Affinity Bank, NAGA4.9 00833JAQ4 3/17/2023 4.900 248,000.00 248,000.00 248,000.00 252,811.20 3/17/2028 1,141 466.10 0.09 3/17/2028 Alabama Credit Union 5 01025RAG4 6/20/2023 5.000 248,000.00 248,000.00 248,000.00 250,457.68 6/22/2026 507 373.70 0.09 6/22/2026 All In FCU AL 4.4 12/20/2027 01664MAB2 12/20/2022 4.400 248,000.00 248,000.00 248,000.00 249,058.96 12/20/2027 1,053 328.85 0.09 /3 t Credit Union IL 5 12 12/30/2027 01882MAC6 12/30/2022 5.000 247,000.00 247,000.00 247,000.00 252,191.94 12/30/2027 1,063 33.84 0.09 Ally Bank UT 2.55 4/21/2025 02007GPX5 4/21/2022 2.550 245,000.00 245,000.00 245,000.00 244,002.85 4/21/2025 80 1,745.88 0.09 Alma Bank NY 1.4 3/28/2025 020080BX4 3/30/2020 1.400 248,000.00 248,000.00 248,000.00 246,886.48 3/28/2025 56 9.51 0.09 Altaone FCU CA4.45 02157RAA5 7/19/2024 4.450 249,000.00 249,000.00 249,000.00 251,006.94 7/19/2029 1,630 910.73 0.09 7/19/2029 Amerant Bank, NA FL 1.6 2/16/2027 02357QAQ0 2/14/2022 1.600 245,000.00 245,000.00 245,000.00 232,193.85 2/16/2027 746 1,825.75 0.09 American Express Nat'l Bank 02589ADH2 8/29/2022 3.450 245,000.00 245,000.00 245,000.00 240,296.00 7/27/2027 907 92.63 0.09 3.45 7/27/2027 American State Bank IA 1.6 2/21 /2025 029728BC5 2/21/2020 1.600 248,000.00 248,000.00 248,000.00 247,600.72 2/21/2025 21 108.71 0.09 Austin Telco FCU TX 3.8 052392BT3 9/21/2022 3.800 248,000.00 248,000.00 248,000.00 245,157.92 9/21/2027 963 774.58 0.09 9/21 /2027 Axos Bank CA 1.65 3/26/2025 05465DAE8 3/26/2020 1.650 248,000.00 248,000.00 248,000.00 246,963.36 3/26/2025 54 56.05 0.09 Balboa Thrift &Loan 4.4 05765LBU0 7/19/2023 4.400 248,000.00 248,000.00 248,000.00 255,968.24 7/19/2028 1,265 358.75 0.09 7/19/2028 151 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Ballston Spa Nat'l Bank NY 058723AQ0 5/24/2024 4.800 248,000.00 248,000.00 248,000.00 250,174.96 11/24/2026 662 228.30 0.09 4.8 11 /24/2026 Bank Five Nine WI 4.25 5/12/2028 062119BT8 5/12/2023 4.250 248,000.00 248,000.00 248,000.00 248,079.36 5/12/2028 1,197 548.66 0.09 Bank of America 5.2 12/8/2025 06051XEF5 6/6/2024 5.200 243,000.00 243,000.00 243,000.00 244,965.87 12/8/2025 311 1,938.67 0.09 Bank of the Sierra CA 4.6 3/15/2027 064860MC0 3/15/2023 4.600 244,000.00 244,000.00 244,000.00 245,466.44 3/15/2027 773 4,243.59 0.09 Bankers Bank WI 4.15 5/24/2028 06610RCA5 5/24/2023 4.150 248,000.00 248,000.00 248,000.00 247,310.56 5/24/2028 1,209 197.38 0.09 BankFirst Norfolk NE 4.5 06644QAC5 6/21/2024 4.500 248,000.00 248,000.00 248,000.00 250,447.76 6/21/2029 1,602 305.75 0.09 6/21 /2029 Baxter Credit Union IL 4.35 8/22/2028 07181JBH6 8/22/2024 4.350 248,000.00 248,000.00 248,000.00 248,860.56 8/22/2028 1,299 266.01 0.09 Beal Bank TX 1.9 2/17/2027 07371AYE7 2/23/2022 1.900 245,000.00 245,000.00 245,000.00 233,600.15 2/17/2027 747 2,053.30 0.09 Beal Bank USA NV 1.9 2/17/2027 073710E88 2/23/2022 1.900 245,000.00 245,000.00 245,000.00 233,600.15 2/17/2027 747 2,053.30 0.09 Blue Ridge Bank, NA VA4.2 09582YAF9 2/28/2023 4.200 244,000.00 244,000.00 244,000.00 243,658.40 2/28/2028 1,123 4,379.97 0.09 2/28/2028 BNY Mellon, NA PA4.5 9/7/2028 05584CJJ6 9/7/2023 4.500 244,000.00 244,000.00 244,000.00 246,039.84 9/7/2028 1,315 4,392.00 0.09 Bridgewater Bank MN 4.85 108622NJ6 3/29/2023 4.850 248,000.00 248,000.00 248,000.00 250,866.88 3/29/2027 787 65.91 0.09 3/29/2027 California Credit Union CA5.1 130162BL3 12/28/2023 5.100 244,000.00 244,000.00 244,000.00 244,790.56 6/30/2025 150 1,159.17 0.09 6/30/2025 Capital One NA/Capital 4/8 20 One USA 1.6 4/8/2025 14042TDD6 4/8/2020 1.600 245,000.00 245,000.00 245,000.00 243,745.60 4/8/2025 67 1,235.07 0.09 Capital One, NA 1.1 11 /17/2026 14042RQB0 11/17/2021 1.100 248,000.00 248,000.00 248,000.00 234,471.60 11/17/2026 655 560.55 0.09 Carter Bank & Trust 4.55 7/5/2029 146102AS7 7/5/2024 4.550 248,000.00 248,000.00 248,000.00 250,968.56 7/5/2029 1,616 803.79 0.09 Carter LA 0.75 26 4/27/2026 14622LAA0 4/27/2021 0.750 248,000.00 248,000.00 248,000.00 238,097.36 4/27/2026 451 20.38 0.09 Celtic Bank UT 3.65 9/26/2029 15118RR33 9/26/2024 3.650 248,000.00 248,000.00 248,000.00 241,700.80 9/26/2029 1,699 124.00 0.09 Central Bank AK45/12/2028 152577BN1 5/12/2023 4.000 248,000.00 248,000.00 248,000.00 246,184.64 5/12/2028 1,197 516.38 0.09 cfsbank PA 4.7 11/30/2027 12526AAM9 5/30/2024 4.700 244,000.00 244,000.00 244,000.00 246,906.04 11/30/2027 1,033 1,947.99 0.09 Chartway FCU VA 4.9 6/9/2026 16141 BAC5 6/9/2023 4.900 248,000.00 248,000.00 248,000.00 250,043.52 6/9/2026 494 732.45 0.09 Chippewa Valley Bank WI 0.6 169894AS1 6/24/2020 0.600 248,000.00 248,000.00 248,000.00 244,510.64 6/24/2025 144 28.54 0.09 6/24/2025 CIBC Bank USA IL 4.35 12547CBJ6 5/16/2023 4.350 244,000.00 244,000.00 244,000.00 244,805.20 5/16/2028 1,201 2,210.04 0.09 5/16/2028 Citadel FCU PA 1.65 2/27/2025 17286TAG0 2/27/2020 1.650 248,000.00 248,000.00 248,000.00 247,499.04 2/27/2025 27 44.84 0.09 Co Capital Bank UT 4/4/14/2027 2.65 1 20033A3A2 4/14/2022 2.650 248,000.00 248,000.00 248,000.00 239,456.40 4/14/2027 803 306.09 0.09 152 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Commonwealth Business Bank CA 1.25 3/31/2025 2027506M2 3/31/2020 1.250 248,000.00 248,000.00 248,000.00 246,732.72 3/31/2025 59 254.79 0.09 ConnectOne Bank NJ 0.8 24/20 9/24/2026 20786ADL6 9/24/2021 0.800 248,000.00 248,000.00 248,000.00 234,268.24 9/24/2026 601 38.05 0.09 Connexus Credit Union WI 20825WAR1 12/23/2021 1.250 249,000.00 249,000.00 249,000.00 235,235.28 12/23/2026 691 0.00 0.09 1.25 12/23/2026 Cornerstone Comm. FCU NY 3.7 10/1 /2029 21923MAB7 9/30/2024 3.700 248,000.00 248,000.00 248,000.00 242,286.08 10/1/2029 1,704 25.14 0.09 County Schools FCU CA 4.4 22258JAB7 9/30/2022 4.400 248,000.00 248,000.00 248,000.00 248,942.40 9/30/2027 972 29.90 0.09 9/30/2027 Covantage Credit Union WI 22282XAD2 8/6/2024 4.200 247,000.00 247,000.00 247,000.00 246,666.55 8/7/2028 1,284 2,444.28 0.09 4.2 8/7/2028 Cross River Bank NJ 4.5 4/26/2027 227563GC1 4/26/2024 4.500 244,000.00 244,000.00 244,000.00 245,039.44 4/26/2027 815 2,917.97 0.09 Customers Bank PA 4.5 23204HPB8 6/14/2023 4.500 244,000.00 244,000.00 244,000.00 245,922.72 6/14/2028 1,230 1,443.95 0.09 6/14/2028 Cy -Fair FCU TX 4.5 5/12/2028 23248UAB3 5/12/2023 4.500 248,000.00 248,000.00 248,000.00 249,976.56 5/12/2028 1,197 580.93 0.09 Direct FCU MA4.8 11/8/2027 25460FDW3 11/7/2022 4.800 248,000.00 248,000.00 248,000.00 251,583.60 11/8/2027 1,011 782.73 0.09 Discover Bank 3.1 5/27/2025 254673E69 5/24/2022 3.100 245,000.00 245,000.00 245,000.00 244,046.95 5/27/2025 116 1,414.96 0.09 Dort Financial Credit Union MI 4.5 12/16/2027 25844MAK4 12/16/2022 4.500 247,000.00 247,000.00 247,000.00 248,780.87 12/16/2027 1,049 913.56 0.09 Eaglemark Savings Bank NV 27004PCM3 3/2/2022 2.000 245,000.00 245,000.00 245,000.00 233,894.15 3/2/2027 760 2,027.12 0.09 2 3/2/2027 Empower FCU NY 5.25 291916AJ3 11/15/2023 5.250 247,000.00 247,000.00 247,000.00 255,667.23 11/15/2028 1,384 746.08 0.09 11 /15/2028 Enterprise Bank PA4.6 29367RND4 6/7/2024 4.600 248,000.00 248,000.00 248,000.00 251,412.48 6/7/2029 1,588 750.12 0.09 6/7/2029 EverBank, NA f/k/a TIAA FSB 0.5 2/12/2026 87270LDL4 2/12/2021 0.500 245,000.00 245,000.00 245,000.00 235,802.70 2/12/2026 377 577.26 0.09 Evergreen Bank Group IL 300185LM5 1/27/2023 3.850 248,000.00 248,000.00 248,000.00 246,467.36 7/27/2026 542 104.64 0.09 3.85 7/27/2026 Farmers & Merchants Bank of 30781JBU3 7/5/2024 4.400 248,000.00 248,000.00 248,000.00 249,470.64 7/5/2029 1,616 777.29 0.09 Colby 4.4 7/5/2029 Farmers & Merchants Bank 307811DF3 1/14/2022 0.900 249,000.00 249,000.00 249,000.00 245,192.79 7/14/2025 164 104.38 0.09 WI0.9 7/14/2025 Farmers Insurance Group FCU 5.4 7/28/2025 30960QAR8 7/26/2023 5.400 248,000.00 248,000.00 248,000.00 249,319.36 7/28/2025 178 183.45 0.09 Fidelity Bank LA 0.7 4/30/2026 31617CAV5 4/30/2021 0.700 248,000.00 248,000.00 248,000.00 237,278.96 4/30/2026 454 0.00 0.09 Fieldpoint Private B&T CT 4 31657FBA4 9/4/2024 4.000 248,000.00 248,000.00 248,000.00 246,913.76 9/4/2026 581 733.81 0.09 9/4/2026 First Bank Elk River MN 4.4 31911 KAK4 6/30/2023 4.400 248,000.00 248,000.00 248,000.00 254,219.84 6/30/2028 1,246 29.90 0.09 6/30/2028 First Bank NJ 4.45 12/26/2025 319137CB9 12/28/2023 4.450 244,000.00 244,000.00 244,000.00 244,470.92 12/26/2025 329 1,011.43 0.09 First Federal Savings IN 4.25 32021YEV1 2/9/2024 4.250 248,000.00 248,000.00 248,000.00 247,905.76 7/9/2026 524 635.29 0.09 7/9/2026 153 Description CUSIP/Ticker First Freedom Bank TN 1.2 32027BALl 4/29/2025 First Internet Bank of Indiana 32056GDJ6 1 5/12/2025 First Nat'l Bank of America MI 32110YQ24 3.75 10/30/2028 First Nat'l Bank of McGregor 1.35 4/28/2025 32112UDR9 First Nat'l Bank of Michigan 32114VBT3 1.65 2/14/2025 First Service CU f/k/a SPCO 78472EAB0 TX 4.35 1 /20/2028 Flagstar Bank, NA NY 1.25 3847E3A3 3 4/30/2025 Forbright Bank MD 4.6 34520LAT0 11 /2/2027 Four Points FCU 4.55 35089LAF0 5/11 /2026 Freedom Financial Bank IA 35637RDC8 1.55 2/14/2025 Genesee Regional Bank NY 37173RAL7 4.2 12/28/2026 Global FCU f/k/a Alaska USA AK 4.6 3/8/2028 011852AE0 Golden State Bank CA 4.45 38120MCA2 6/22/2027 Goldman Sachs Bank USA 1 38149MXK4 7/28/2026 Greenstate Credit Union IA 39573LBC1 0.95 4/16/2026 Healthcare Systems FCU VA 42228LAN1 5.1 10/27/2028 Ideal Credit Union MN 4.5 45157PAZ3 12/29/2027 Jeep Country FCU OH 4.7 472312AA5 6/29/2027 KeyBank NA OH 5 3/17/2025 49306SJ56 Knoxville TVA Employees 499724AP7 Credit Union 4.85 8/25/202 Latino Community Credit 51828MAC8 Union NC 4.5 12/21/2027 Leader Bank, NA MA 2.55 2168UHY1 5 4/22/2025 Leaders Credit Union TN 5.1 2171 MAM7 5 10/30/2028 Legacy Bank & Trust Co. MO 52470QEC4 4.5 9/27/2028 Legends Bank TN 3.75 52465JKL0 9/11 /2028 Settlement YTM @ Face Maturity Days To Accrued % of Date Cost Amount/Shares Cost Value Book Value Market Value Date Maturity Interest Portfolio 4/29/2020 1.200 249,000.00 249,000.00 249,000.00 247,107.60 4/29/2025 88 16.37 0.09 5/11/2020 1.000 248,000.00 248,000.00 248,000.00 245,676.24 5/12/2025 101 135.89 0.09 10/30/2024 3.750 248,000.00 248,000.00 248,000.00 243,776.56 10/30/2028 1,368 25.48 0.09 4/28/2020 1.350 248,000.00 248,000.00 248,000.00 246,197.04 4/28/2025 87 27.52 0.09 2/14/2020 1.650 248,000.00 248,000.00 248,000.00 247,734.64 2/14/2025 14 190.59 0.09 1/20/2023 4.350 249,000.00 249,000.00 249,000.00 249,789.33 1/20/2028 1,084 326.43 0.09 4/30/2020 1.250 248,000.00 248,000.00 248,000.00 246,120.16 4/30/2025 89 789.86 0.09 11/2/2022 4.600 248,000.00 248,000.00 248,000.00 250,239.44 11/2/2027 1,005 906.39 0.09 5/10/2023 4.550 248,000.00 248,000.00 248,000.00 248,865.52 5/11/2026 465 649.22 0.09 2/14/2020 1.550 248,000.00 248,000.00 248,000.00 247,727.20 2/14/2025 14 179.04 0.09 12/27/2023 4.200 244,000.00 244,000.00 244,000.00 243,594.96 12/28/2026 696 982.68 0.09 3/8/2023 4.600 248,000.00 248,000.00 248,000.00 250,618.88 3/8/2028 1,132 718.86 0.09 6/22/2023 4.450 249,000.00 249,000.00 249,000.00 249,971.10 6/22/2027 872 273.22 0.09 7/28/2021 1.000 248,000.00 248,000.00 248,000.00 236,115.84 7/28/2026 543 20.38 0.09 4/16/2021 0.950 249,000.00 249,000.00 249,000.00 239,293.98 4/16/2026 440 194.42 0.09 10/27/2023 5.100 248,000.00 248,000.00 248,000.00 255,291.20 10/27/2028 1,365 138.61 0.09 12/29/2022 4.500 248,000.00 248,000.00 248,000.00 249,783.12 12/29/2027 1,062 917.26 0.09 6/29/2023 4.700 248,000.00 248,000.00 248,000.00 250,430.40 6/29/2027 879 63.87 0.09 3/15/2023 5.000 244,000.00 244,000.00 244,000.00 244,192.76 3/17/2025 45 4,612.60 0.09 8/25/2023 4.850 248,000.00 248,000.00 248,000.00 252,977.36 8/25/2028 1,302 988.60 0.09 12/21/2022 4.500 248,000.00 248,000.00 248,000.00 249,736.00 12/21/2027 1,054 305.75 0.09 4/22/2022 2.550 245,000.00 245,000.00 245,000.00 243,990.60 4/22/2025 81 1,728.76 0.09 10/30/2023 5.100 248,000.00 248,000.00 248,000.00 255,363.12 10/30/2028 1,368 34.65 0.09 9/27/2023 4.500 248,000.00 248,000.00 248,000.00 250,122.88 9/27/2028 1,335 122.30 0.09 9/11/2024 3.750 248,000.00 248,000.00 248,000.00 243,890.64 9/11/2028 1,319 509.59 0.09 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Liberty First Credit Union NE 530520AH8 2/21/2023 4.500 248,000.00 248,000.00 248,000.00 249,862.48 2/22/2028 1,117 917.26 0.09 4.5 2/22/2028 Maine Community Bank 3.75 8/30/2027 560390DC7 8/30/2024 3.750 248,000.00 248,000.00 248,000.00 244,947.12 8/30/2027 941 25.48 0.09 Maine Savings FCU 4.8 560507AQ8 7/21/2023 4.800 248,000.00 248,000.00 248,000.00 252,451.60 7/21/2028 1,267 326.14 0.09 7/21 /2028 Marathon Bank WI 1.8 3/16/2027 565819AG4 3/16/2022 1.800 248,000.00 248,000.00 248,000.00 235,443.76 3/16/2027 774 183.45 0.09 Marine FCU NC 4 8/31/2026 56824JBC7 8/30/2024 4.000 248,000.00 248,000.00 248,000.00 246,950.96 8/31/2026 577 27.18 0.09 Medallion Bank UT 4.85 10/20/2028 58404DTP6 10/20/2023 4.850 248,000.00 248,000.00 248,000.00 257,557.92 10/20/2028 1,358 362.49 0.09 Merrick Bank UT 1.1 11 /9/2026 59013KPN0 11/9/2021 1.100 249,000.00 249,000.00 249,000.00 235,451.91 11/9/2026 647 165.09 0.09 Metro Credit Union MA 1.7 59161 YAP1 2/18/2022 1.700 249,000.00 249,000.00 249,000.00 236,291.04 2/18/2027 748 347.92 0.09 2/18/2027 Mid Carolina Credit Union SC 4.85 3/13/2026 59524LAA4 3/13/2023 4.850 248,000.00 248,000.00 248,000.00 249,969.12 3/13/2026 406 593.16 0.09 Milestone Bk f/k/a LCA UT 1 501798RP9 12/27/2021 1.000 248,000.00 248,000.00 248,000.00 237,058.24 6/26/2026 511 237.81 0.09 6/26/2026 Minnwest Bank MN 4.25 5/3/2027 60425SKB4 5/1/2023 4.250 248,000.00 248,000.00 248,000.00 247,799.12 5/3/2027 822 866.30 0.09 Money One FCU MD 5 60936TAL3 9/14/2023 5.000 248,000.00 248,000.00 248,000.00 254,262.00 9/14/2028 1,322 577.53 0.09 9/14/2028 Mountain American FCU 4.7 62384RAT3 4/28/2023 4.700 248,000.00 248,000.00 248,000.00 249,297.04 4/28/2026 452 958.03 0.09 4/28/2026 MVB Bank, Inc. WV 4.05 2/1 /2028 62847NEP7 8/1/2024 4.050 248,000.00 248,000.00 248,000.00 246,715.36 2/1/2028 1,096 825.53 0.09 Nelnet Bank UT 1.8 3/2/2026 64034KAZ4 3/2/2022 1.800 245,000.00 245,000.00 245,000.00 238,698.60 3/2/2026 395 1,824.41 0.09 / et National Bank WI 1.4 /31 / 331/2025 654062JZ2 3/31/2020 1.400 248,000.00 248,000.00 248,000.00 246,797.20 3/31/2025 59 0.00 0.09 Northpointe Bank MI 4.85 666613MK7 10/20/2023 4.850 248,000.00 248,000.00 248,000.00 253,128.64 10/20/2028 1,358 362.49 0.09 10/20/2028 Numerics CU 4.15 11 /26/2029 67054NBT9 11/26/2024 4.150 248,000.00 248,000.00 248,000.00 246,891.44 11/26/2029 1,760 140.99 0.09 Oregon Community Credit 68584JAT6 6/7/2024 4.850 248,000.00 248,000.00 248,000.00 251,149.60 6/7/2027 857 790.88 0.09 Union 4.85 6/7/2027 Pacific Crest Savings Bank 69417ADA4 8/16/2024 3.900 248,000.00 248,000.00 248,000.00 244,391.60 8/16/2029 1,658 397.48 0.09 WA 3.9 8/16/2029 Parkside Financial B&T MO 70147AGA6 9/13/2024 3.750 248,000.00 248,000.00 248,000.00 243,883.20 9/13/2028 1,321 458.63 0.09 3.75 9/1 3.75 9/13/2028 Pentagon FCU 0.7 9/2/2025 70962LAF9 9/1/2021 0.700 249,000.00 249,000.00 249,000.00 243,853.17 9/2/2025 214 143.26 0.09 Peoples Exchange Bank KY 71104AAS2 8/9/2024 4.150 248,000.00 248,000.00 248,000.00 247,298.16 8/9/2027 920 620.34 0.09 4.15 8/9/2027 Ponce Bank NY 3.5 9/15/2027 732329BD8 9/15/2022 3.500 248,000.00 248,000.00 248,000.00 243,325.20 9/15/2027 957 380.49 0.09 Prevail Bank WI 4.25 1 /24/2028 887171AB2 7/24/2024 4.250 249,000.00 249,000.00 249,000.00 249,099.60 1/24/2028 1,088 202.95 0.09 155 Description CUSIP/Ticker RiverWood Bank MN 3.85 76951 DBZ2 3/11 /2027 Rize FCU f/k/a SCE CA 4.7 8413RAV9 7 6/20/2029 Rockland FCU MA4.6 77357DAD0 12/22/2026 Safra Nat'l Bank NY f/k/a/ 24773RCR4 Delta Nat'l 2 2 Sallie Mae Bank UT 1 795451AF0 7/28/2026 San Francisco FCU CA4.35 79772FAG1 2/3/2028 Signature FCU VA 4.4 1 /31 /2028 82671 DAB3 Simmons Bank f/k/a Landmark Comm. 0.5 51507LCC6 1 /22/2026 SkyOne FCU CA 3.9 83088XAR9 10/25/2028 SNB Bank, NA OK 4.1 78470MBS6 8/14/2028 Southern Bank GA4.25 4229LBA9 g 1 /28/2026 Southern Bank MO 4.2 843383CS7 5/17/2028 Southern Bank of TN 4.35 g 4229QAC5 7/12/2029 Southern First Bank SC 4.7 84287PJH6 5/14/2025 Spring Bank NY 1.5 849430BF9 3/20/2025 St. Vincent's Medical Center g5279AAC6 FCU 4.6 6/16/2027 Stearns Bank, NA MN 4.2 857894Q51 8/9/2027 Sunwest Bank 3.55 9/28/2029 86804DDG0 Synchrony Bank 0.9 9/3/2026 87165ET98 Technology Credit Union CA 5 87868YAQ6 5/29/2026 Texas Exchange Bank 3.7 88241TSW1 9/6/2029 The Genoa Banking Co. 4.6 11 /28/2028 372348DJ8 The Greenwood's State Bank 397417AQ9 WI 3.05 5/17/2027 The Pitney Bowes Bank, Inc 724468AC7 UT 4.35 4/13/2028 Third Federal Savings & Loan 88413QDN5 3.3 8/19/2027 Settlement YTM @ Face Maturity Days To Accrued % of Date Cost Amount/Shares Cost Value Book Value Market Value Date Maturity Interest Portfolio 9/11/2024 3.850 248,000.00 248,000.00 248,000.00 245,758.08 3/11/2027 769 523.18 0.09 6/20/2024 4.700 248,000.00 248,000.00 248,000.00 252,429.28 6/20/2029 1,601 351.28 0.09 12/22/2023 4.600 248,000.00 248,000.00 248,000.00 249,346.64 12/22/2026 690 281.29 0.09 3/9/2022 2.000 245,000.00 245,000.00 245,000.00 233,972.55 2/25/2027 755 1,933.15 0.09 7/28/2021 1.000 248,000.00 248,000.00 248,000.00 236,366.32 7/28/2026 543 20.38 0.09 2/3/2023 4.350 248,000.00 248,000.00 248,000.00 248,808.48 2/3/2028 1,098 827.57 0.09 1/31/2023 4.400 248,000.00 248,000.00 248,000.00 249,185.44 1/31/2028 1,095 0.00 0.09 1/22/2021 0.500 248,000.00 248,000.00 248,000.00 239,121.60 1/22/2026 356 30.58 0.09 10/25/2024 3.900 248,000.00 248,000.00 248,000.00 245,024.00 10/25/2028 1,363 158.99 0.09 8/14/2024 4.100 248,000.00 248,000.00 248,000.00 246,826.96 8/14/2028 1,291 473.58 0.09 10/28/2022 4.250 244,000.00 244,000.00 244,000.00 243,985.36 1/28/2026 362 2,699.04 0.09 5/17/2023 4.200 248,000.00 248,000.00 248,000.00 247,697.44 5/17/2028 1,202 399.52 0.09 7/12/2024 4.350 248,000.00 248,000.00 248,000.00 248,974.64 7/12/2029 1,623 561.57 0.09 2/14/2024 4.700 248,000.00 248,000.00 248,000.00 248,235.60 5/14/2025 103 542.88 0.09 3/20/2020 1.500 248,000.00 248,000.00 248,000.00 247,022.88 3/20/2025 48 112.11 0.09 6/16/2023 4.600 248,000.00 248,000.00 248,000.00 249,793.04 6/16/2027 866 468.82 0.09 8/8/2024 4.200 244,000.00 244,000.00 244,000.00 243,541.28 8/9/2027 920 4,941.50 0.09 9/30/2024 3.550 248,000.00 248,000.00 248,000.00 240,721.20 9/28/2029 1,701 24.12 0.09 9/3/2021 0.900 245,000.00 245,000.00 245,000.00 232,456.00 9/3/2026 580 918.25 0.09 5/30/2023 5.000 248,000.00 248,000.00 248,000.00 250,353.52 5/29/2026 483 1,019.18 0.09 9/6/2024 3.700 248,000.00 248,000.00 248,000.00 242,283.60 9/6/2029 1,679 628.49 0.09 11/28/2023 4.600 248,000.00 248,000.00 248,000.00 251,060.32 11/28/2028 1,397 93.76 0.09 5/17/2022 3.050 248,000.00 248,000.00 248,000.00 241,318.88 5/17/2027 836 290.13 0.09 4/14/2023 4.350 244,000.00 244,000.00 244,000.00 244,844.24 4/13/2028 1,168 3,169.66 0.09 8/19/2022 3.300 245,000.00 245,000.00 245,000.00 239,264.55 8/19/2027 930 3,654.156 0.09 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Toyota Financial Savings Bank NV 0.9 4/22/2026 89235MKY6 4/22/2021 0.900 245,000.00 245,000.00 245,000.00 235,271.05 4/22/2026 446 610.15 0.09 True Sky FCU 1.6 2/4/2027 89786MAF1 2/4/2022 1.600 245,000.00 245,000.00 245,000.00 232,343.30 2/4/2027 734 1,933.15 0.09 / FCU NC 4.7 9/10 9/10/2027 89789AAG2 3/10/2023 4.700 248,000.00 248,000.00 248,000.00 250,675.92 9/10/2027 952 670.62 0.09 Tuscon FCU AZ 5 9/8/2028 898812AC6 9/8/2023 5.000 248,000.00 248,000.00 248,000.00 254,239.68 9/8/2028 1,316 781.37 0.09 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 10/25/2023 4.900 248,000.00 248,000.00 248,000.00 253,572.56 10/25/2028 1,363 199.76 0.09 United Bankers' Bank 5 909557KQ2 3/16/2023 5.000 248,000.00 248,000.00 248,000.00 248,119.04 3/17/2025 45 509.59 0.09 3/17/2025 United Community Bank IL 1.65 2/7/2025 90983WBT7 2/7/2020 1.650 248,000.00 248,000.00 248,000.00 247,861.12 2/7/2025 7 269.06 0.09 United Fidelity Bank, fsb IN 910286GN7 6/29/2023 4.500 248,000.00 248,000.00 248,000.00 254,909.28 6/29/2028 1,245 61.15 0.09 4.5 6/29/2028 United Roosevelt Savings 91139LAB2 3/11/2022 1.900 248,000.00 248,000.00 248,000.00 236,016.64 3/11/2027 769 258.19 0.09 Bank NJ 1.9 3/11/2027 United Teletech FCU NJ 5.1 11 /8/2027 913065AD0 11/8/2023 5.100 248,000.00 248,000.00 248,000.00 253,493.20 11/8/2027 1,011 797.00 0.09 University Bank MI 4.2 11 /30/2027 914098DJ4 11/30/2022 4.200 249,000.00 249,000.00 249,000.00 248,751.00 11/30/2027 1,033 28.65 0.09 University Credit Union Los Angeles 4 9/26/2025 914242AA0 9/26/2022 4.000 248,000.00 248,000.00 248,000.00 247,575.92 9/26/2025 238 135.89 0.09 Bank Trust Co. PA 4.35/ 4.3 5 5/12/2028t 8 91527PBY2 5/12/2023 4.350 248,000.00 248,000.00 248,000.00 248,838.24 5/12/2028 1,197 561.57 0.09 USAIliance Financial FCU NY 90352RDB8 5/26/2023 4.550 248,000.00 248,000.00 248,000.00 250,375.84 5/26/2028 1,211 154.58 0.09 4.55 5/26/2028 Utah First FCU 5 7/21/2028 91739JAB1 7/21/2023 5.000 245,000.00 245,000.00 245,000.00 250,978.00 7/21/2028 1,267 335.62 0.09 Valley National Bank NJ 4.95 919853LV1 5/29/2024 4.950 244,000.00 244,000.00 244,000.00 246,095.96 5/29/2026 483 2,084.70 0.09 5/29/2026 Valleystar Credit Union VA 5.2 92023CAJ2 11/8/2023 5.200 247,000.00 247,000.00 247,000.00 255,168.29 11/8/2028 1,377 809.35 0.09 11 /8/2028 Vibrant Credit Union IL 0.8 92559TAJ7 7/2/2021 0.851 249,000.00 248,377.50 248,824.48 237,147.60 6/30/2026 515 163.73 0.09 6/30/2026 VisionBank MN 4.05 92834ABT2 5/12/2023 4.050 248,000.00 248,000.00 248,000.00 246,564.08 5/12/2028 1,197 522.84 0.09 5/12/2028 VyStar Credit Union FL4.55 92891CCZ3 3/10/2023 4.550 248,000.00 248,000.00 248,000.00 250,271.68 3/10/2028 1,134 927.45 0.09 3/10/2028 Washington Financial Bank 93883MBA5 5/31/2024 4.500 244,000.00 244,000.00 244,000.00 246,374.12 5/31/2029 1,581 1,865.10 0.09 PA 4.5 5/31 /2029 Western State Bank ND 1 5/13/2025 95960NKD8 5/13/2020 1.000 245,000.00 245,000.00 245,000.00 242,721.50 5/13/2025 102 530.27 0.09 Workers FCU MA 5.2 10/30/2028 98138MCA6 10/30/2023 5.200 248,000.00 248,000.00 248,000.00 256,221.20 10/30/2028 1,368 35.33 0.09 Sub Total / Average Certificate Of Deposit 3.528 40,310,000.00 40,309,377.50 40,309,824.48 40,119,389.38 841 121,132.56 14.90 Corporate 157 Settlement YTM @ Face Maturity Days To Accrued % of Description CUSIP/Ticker Date Cost Amount/Shares Cost Value Book Value Market Value Date Maturity Interest Portfolio Blackrock 3/14/2029- unding lnc4.7 3/14/2029-29 09290DAA9 3/28/2024 4.623 1,000,000.00 1,003,380.00 1,002,806.25 1,004,380.00 3/14/2029 1,503 17,886.11 0.37 International Finance Corp 0.5 2/26/2026 45950VPS9 2/26/2021 0.610 500,000.00 497,300.00 499,422.50 479,030.00 2/26/2026 391 1,076.39 0.18 Walmart Inc 3.7 6/26/2028-28 931142EE9 6/26/2023 4.303 1,000,000.00 973,110.00 981,704.64 979,320.00 6/26/2028 1,242 3,597.22 0.37 Sub Total / Average Corporate 3.692 2,500,000.00 2,473,790.00 2,483,933.39 2,462,730.00 15176 22,559.72 0.92 Guaranteed Investment Contract CAMP TERM 5.16 6/12/2025 CAMPTERM61225 7/2/2024 5.160 30,000,000.00 30,000,000.00 30,000,000.00 30,000,000.00 6/12/2025 132 903,353.42 11.09 CAMP TERM 5.31 3/28/2025 CAMPTERM32825 7/2/2024 5.310 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 3/28/2025 56 309,871.23 3.70 Sub Total / Average Guaranteed Investment 5.198 40,000,000.00 40,000,000.00 40,000,000.00 40,000,000.00 113 1,213,224.65 14.79 Contract Local Government Investment Pool CAMP LGIP CAMP7001 3/31/2024 4.550 12,389,882.63 12,389,882.63 12,389,882.63 12,389,882.63 N/A 1 4.58 LAIF I City LGIP CITYLAIF3434 2/28/2024 4.366 20,561,645.26 20,561,645.26 20,561,645.26 20,579,106.02 N/A 1 7.60 LAIF I Housing LGIP HOUSINGLAIF3005 2/28/2024 4.366 2,202,965.73 2,202,965.73 2,202,965.73 2,204,836.47 N/A 1 0.81 Sub Total / Average Local Government Investment 4.431 35,154,493.62 35,154,493.62 35,164,493.62 35,173,825.12 1 0.00 13.00 Pool Money Market BMO Bank I Operating MM BMO1851OP 3/31/2024 4.260 26,663,818.52 26,663,818.52 26,663,818.52 26,663,818.52 N/A 1 9.86 OPEB Trust MM OPEBTRUST 3/31/2024 1.850 2,077,938.52 2,077,938.52 2,077,938.52 2,077,938.52 N/A 1 0.77 PARS Pension Trust MM PARSTRUST 3/31/2024 1.300 5,952,439.80 5,952,439.80 5,952,439.80 5,952,439.80 N/A 1 2.20 US Bank I Custodian MM USB3000 3/31/2024 4.260 994,770.82 994,770.82 994,770.82 994,770.82 N/A 1 0.37 US Bank I Fiscal Agent MM USB4000-6000 3/31/2024 3.855 21,867.87 21,867.87 21,867.87 21,867.87 N/A 1 0.01 Sub Total / Average Money Market 3.626 36,710,835.53 35,710,835.53 35,710,835.53 35,710,835.53 1 0.00 13.20 US Agency FFCB 0.5 6/9/2025 3133ELH23 6/9/2020 0.506 500,000.00 499,850.00 499,989.41 493,020.00 6/9/2025 129 361.11 0.18 FFCB 0.68 6/10/2025-22 3133ELH80 6/10/2020 0.680 500,000.00 500,000.00 500,000.00 493,415.00 6/10/2025 130 481.67 0.18 FFCB 0.71 8/10/2026-23 3133EM2C5 8/10/2021 0.792 500,000.00 498,000.00 499,390.77 473,640.00 8/10/2026 556 1,686.25 0.18 FFCB 0.8 9/10/2026 3133EM4X7 9/28/2021 0.985 1,000,000.00 991,080.00 997,101.75 946,180.00 9/10/2026 587 3,133.33 0.37 FFCB 1.27 11/2/2026 3133ENCQ1 11/2/2021 1.270 1,000,000.00 1,000,000.00 1,000,000.00 948,760.00 11/2/2026 640 3,139.72 0.37 FFCB 3.375 9/15/2027 3133ENL99 9/15/2022 3.430 1,000,000.00 997,492.55 998,685.64 979,220.00 9/15/2027 957 12,750.00 0.37 FFCB 3.5 9/10/2029 3133ERSP7 9/18/2024 3.470 1,000,000.00 1,001,350.00 1,001,249.80 963,650.00 9/10/2029 1,683 13,708.33 0.37 FFCB 3.75 12/7/2027 3133EN3S7 12/7/2022 3.794 1,000,000.00 998,000.00 998,860.48 986,350.00 12/7/2027 1,040 5,625.00 0.37 FFCB 3.75 8/15/2029 3133ERPS4 8/15/2024 3.800 1,000,000.00 997,742.00 997,950.24 975,460.00 8/15/2029 1,657 17,291.67 0.37 FFCB 3.875 1/18/2029 3133EPW84 1/18/2024 4.051 1,000,000.00 992,100.00 993,737.06 983,520.00 1/18/2029 1,448 1,399.31 0.37 FFCB 3.875 1/18/2029 3133EPW84 1/30/2024 4.000 1,000,000.00 994,400.00 995,527.52 983,520.00 1/18/2029 1,448 1,399.31 0.37 158 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio FFCB 3.875 10/15/2027 3133ERXJ5 10/15/2024 3.875 1,000,000.00 1,000,000.00 1,000,000.00 990,280.00 10/15/2027 987 11,409.72 0.37 FFCB 3.875 2/14/2028 3133EPAV7 2/15/2023 3.977 1,000,000.00 995,400.00 997,206.23 988,380.00 2/14/2028 1,109 17,975.69 0.37 FFC13 3.875 6/8/2028 3133EPME2 6/8/2023 3.915 1,000,000.00 998,190.00 998,786.63 986,730.00 6/8/2028 1,224 5,704.86 0.37 FFCB 4 11/29/2027 3133EN3H1 11/29/2022 4.030 1,000,000.00 998,650.00 999,236.83 993,040.00 11/29/2027 1,032 6,888.89 0.37 FFCB 4 9/29/2027 3133ENQ29 9/30/2022 4.080 1,000,000.00 996,400.00 998,081.87 993,590.00 9/29/2027 971 13,555.56 0.37 FFCB 4.125 12/17/2029 3133ERL41 12/17/2024 4.140 1,000,000.00 999,320.00 999,336.62 990,280.00 12/17/2029 1,781 5,041.67 0.37 FFCB 4.125 2/13/2029 3133EP3139 2/14/2024 4.318 1,000,000.00 991,400.00 993,059.73 992,020.00 2/13/2029 1,474 19,250.00 0.37 FFCB 4.25 7/17/2028 3133EPQDO 7/31/2023 4.280 1,000,000.00 998,655.69 999,062.14 997,890.00 7/17/2028 1,263 1,652.78 0.37 FFCB 4.25 8/7/2028 3133EPSK2 8/18/2023 4.467 1,000,000.00 990,400.00 993,208.05 998,800.00 8/7/2028 1,284 20,541.67 0.37 FFCB 4.375 4/10/2029 3133ERAK7 4/23/2024 4.701 1,000,000.00 985,690.00 987,916.18 1,001,130.00 4/10/2029 1,530 13,489.58 0.37 FFCB 4.625 11/13/2028 3133EPC45 11/13/2023 4.630 1,000,000.00 999,770.00 999,826.00 1,010,640.00 11/13/2028 1,382 10,020.83 0.37 FHLB 0.375 12/12/2025 3130AKFA9 12/7/2020 0.480 500,000.00 497,400.00 499,553.22 483,955.00 12/12/2025 315 255.21 0.18 FHLB 0.5 6/13/2025 3130AJKW8 6/3/2020 0.506 500,000.00 499,850.00 499,989.14 493,095.00 6/13/2025 133 333.33 0.18 FHLB 0.51 1/14/2026-22 3130AKMZ6 1/14/2021 0.510 500,000.00 500,000.00 500,000.00 482,960.00 1/14/2026 348 120.42 0.18 FHLB 0.55 1/29/2026-21 313OAKN28 1/29/2021 0.550 500,000.00 500,000.00 500,000.00 482,400.00 1/29/2026 363 15.28 0.18 FHLB 0.68 6/30/2025-21 3130AJRP6 6/30/2020 0.680 300,000.00 300,000.00 300,000.00 295,656.00 6/30/2025 150 170.00 0.11 FHLB 0.75 6/12/2026 3130AMFS6 6/17/2021 0.885 1,000,000.00 993,420.00 998,202.79 953,990.00 6/12/2026 497 1,020.83 0.37 FHLB 0.95 10/13/2026-23 3130APB46 10/13/2021 0.986 1,000,000.00 998,250.00 999,405.64 946,130.00 10/13/2026 620 2,850.00 0.37 FHLB 1 9/30/2026-22 3130APBM6 9/30/2021 1.021 1,000,000.00 999,000.00 999,667.04 948,150.00 9/30/2026 607 3,333.33 0.37 FHLB 1.2512/21/2026 313OAQF65 12/22/2021 1.255 1,000,000.00 999,750.00 999,905.59 951,820.00 12/21/2026 689 1,388.89 0.37 FHLB 1.5 1/27/2027-23 3130AQJR5 1/27/2022 1.500 1,000,000.00 1,000,000.00 1,000,000.00 947,320.00 1/27/2027 726 166.67 0.37 FHLB 1.7 2/24/2025-23 3130AQWY5 2/25/2022 1.700 1,000,000.00 1,000,000.00 1,000,000.00 998,420.00 2/24/2025 24 7,413.89 0.37 FHLB 1.83 2/10/2027-23 3130AQSA2 2/10/2022 1.830 1,000,000.00 1,000,000.00 1,000,000.00 952,740.00 2/10/2027 740 8,692.50 0.37 FHLB 2.5 10/14/2025-23 3130ARGJ4 4/14/2022 2.500 500,000.00 500,000.00 500,000.00 494,175.00 10/14/2025 256 3,715.28 0.18 FHLB 2.7 4/19/2027-24 3130ARGY1 4/19/2022 2.700 1,000,000.00 1,000,000.00 1,000,000.00 967,400.00 4/19/2027 808 7,650.00 0.37 FHLB 3.3 6/28/2027-24 3130ASDV8 6/28/2022 3.300 300,000.00 300,000.00 300,000.00 293,496.00 6/28/2027 878 907.50 0.11 FHLB 4 10/5/2029-27 31301335F6 10/8/2024 4.000 1,000,000.00 1,000,000.00 1,000,000.00 976,000.00 10/5/2029 1,708 12,555.56 0.37 FHLB 4.125 9/14/2029 3130ATHX8 10/31/2024 4.125 1,000,000.00 1,000,000.00 1,000,000.00 988,550.00 9/14/2029 1,687 15,697.92 0.37 FHLB 4.3 10/23/2029-26 3130133ES8 10/30/2024 4.351 1,000,000.00 997,750.00 997,862.94 990,550.00 10/23/2029 1,726 11,705.56 0.37 FHLB 4.45 2/12/2029-27 3130AYXU5 2/15/2024 4.450 2,000,000.00 2,000,000.00 2,000,000.00 1,991,320.00 2/12/2029 1,473 41,780.56 0.74 FHLB 4.5 12/10/2029-26 31301346Y2 12/31/2024 4.500 1,000,000.00 1,000,000.00 1,000,000.00 993,350.00 12/10/2029 1,774 5,500.00 0.37 FHLB 4.65 1/14/2030-28 3130134LS8 1/14/2025 4.650 1,000,000.00 1,000,000.00 1,000,000.00 999,770.00 1/14/2030 1,809 2,195.83 0.37 FHLB 4.75 9/8/2028 3130AXEL8 10/3/2023 4.762 1,000,000.00 999,500.00 999,634.72 1,015,090.00 9/8/2028 1,316 18,868.06 0.37 FHLB 5 2/15/2029-25 3130AYYJ9 2/15/2024 5.000 1,000,000.00 1,000,000.00 1,000,000.00 1,000,130.00 2/15/2029 1,476 23,055.56 0.37 FHLB 5.04 4/23/2029-27 313013141-8 4/25/2024 5.040 900,000.00 900,000.00 900,000.00 898,623.00 4/23/2029 1,543 12,348.00 0.33 FHLB Step 11/24/2026-22 3130APTV7 11/24/2021 1.489 500,000.00 499,500.00 499,818.79 480,375.00 11/24/2026 662 1,861.11 0.18 FHLB Step 3/30/2026 3130ALV92 3/30/2021 0.938 500,000.00 500,000.00 500,000.00 482,295.00 3/30/2026 423 1,750.00 0.18 FHLMC 0.375 7/21/2025 3137EAEU9 12/7/2020 0.434 1,000,000.00 997,300.00 999,725.62 982,270.00 7/21/2025 171 104.17 0.37 FHLMC 0.375 7/21/2025 3137EAEU9 1/5/2022 1.120 500,000.00 487,090.00 498,288.79 491,135.00 7/21/2025 171 52.08 0.18 159 Settlement YTM @ Face Maturity Days To Accrued % of Description CUSIP/Ticker Date Cost Amount/Shares Cost Value Book Value Market Value Date Maturity Interest Portfolio FHLMC 0.375 9/23/2025 3137EAEX3 2/23/2021 0.552 500,000.00 495,999.50 499,437.51 487,930.00 9/23/2025 235 666.67 0.18 FHLMC 0.375 9/23/2025 3137EAEX3 3/30/2021 0.740 1,000,000.00 983,940.00 997,680.11 975,860.00 9/23/2025 235 1,333.33 0.37 FHLMC 0.55 12/30/2025 3134GXGZ1 12/30/2020 0.550 500,000.00 500,000.00 500,000.00 483,600.00 12/30/2025 333 229.17 0.18 FHLMC 0.625 5/27/2025 3134GVYG7 5/27/2020 0.625 1,000,000.00 1,000,000.00 1,000,000.00 987,590.00 5/27/2025 116 1,111.11 0.37 FHLMC 0.65 10/27/2025-21 3134GW5R3 1/5/2022 1.232 400,000.00 391,360.00 398,329.98 389,660.00 10/27/2025 269 678.89 0.15 FHLMC 0.7 12/30/2026-21 3134GWUQ7 2/10/2022 1.870 1,000,000.00 945,570.00 978,710.72 934,490.00 12/30/2026 698 2,333.33 0.37 FHLMC 0.8 10/28/2026-21 3134GW6C5 1/5/2022 1.404 500,000.00 486,000.00 494,939.95 471,065.00 10/28/2026 635 1,033.33 0.18 FHLMC 5.5 2/26/2029-25 3134H1UX9 2/29/2024 5.500 1,000,000.00 1,000,000.00 1,000,000.00 999,950.00 2/26/2029 1,487 23,680.56 0.37 FHLMC 5.6 4/17/2029-25 3134H1D26 4/24/2024 5.611 1,000,000.00 999,500.00 999,577.24 1,001,170.00 4/17/2029 1,537 16,177.78 0.37 FNMA 0.5 11/7/2025 3135G06G3 12/7/2021 1.120 1,000,000.00 976,300.00 995,374.38 972,120.00 11/7/2025 280 1,166.67 0.37 FNMA 0.5 11/7/2025 3135G06G3 8/29/2024 4.170 1,000,000.00 957,850.00 972,819.16 972,120.00 11/7/2025 280 1,166.67 0.37 FNMA 0.58/14/2025-23 3135G05S8 8/14/2020 0.500 500,000.00 500,000.00 500,000.00 489,910.00 8/14/2025 195 1,159.72 0.18 FNMA 0.52 8/18/2025 3136G4M75 8/28/2020 0.530 500,000.00 499,750.00 499,972.61 490,015.00 8/18/2025 199 1,177.22 0.18 FNMA 0.5611/17/2025-22 3135GA2Z3 11/17/2020 0.591 500,000.00 499,250.00 499,881.18 485,870.00 11/17/2025 290 575.56 0.18 FNMA 0.568/21/2025-23 3136G4N74 8/21/2020 0.560 1,000,000.00 1,000,000.00 1,000,000.00 979,440.00 8/21/2025 202 2,488.89 0.37 FNMA 0.6 12/23/2025-21 3135GA7D7 12/23/2020 0.600 500,000.00 500,000.00 500,000.00 484,230.00 12/23/2025 326 316.67 0.18 FNMA 0.625 4/22/2025 3135G03U5 1/28/2022 1.400 500,000.00 487,790.00 499,160.10 496,035.00 4/22/2025 81 859.38 0.18 FNMA4.755/15/2029-25 3135GAS36 5/15/2024 4.912 1,000,000.00 992,900.00 993,909.78 998,250.00 5/15/2029 1,565 10,027.78 0.37 FNMA 5.053/26/2026-25 3135GAQR5 4/24/2024 5.103 1,000,000.00 999,000.00 999,400.29 1,000,080.00 3/26/2026 419 17,534.72 0.37 FNMA 5.152/26/2027-25 3135GAPL9 2/26/2024 5.150 1,000,000.00 1,000,000.00 1,000,000.00 998,870.00 2/26/2027 756 22,173.61 0.37 FNMA 5.25 4/2/2027-25 3135GAQZ7 4/24/2024 5.283 1,000,000.00 999,100.00 999,335.63 999,970.00 4/2/2027 791 17,354.17 0.37 FNMA 5.54/22/2027-25 3135GARK9 4/24/2024 5.500 1,000,000.00 1,000,000.00 1,000,000.00 1,001,690.00 4/22/2027 811 15,125.00 0.37 Sub Total /Average US Agency 3.001 61,400,000.00 61,107,009.74 61,268,796.87 60,250,595.00 923 510,384.72 22.70 US Treasury T-Note 0.25 10/31/2025 91282CAT8 3/30/2021 0.750 1,000,000.00 977,500.00 996,346.27 970,950.00 10/31/2025 273 635.36 0.37 T-Note 0.375 1/31/2026 91282CBH3 2/23/2021 0.577 500,000.00 495,100.00 499,010.21 481,280.00 1/31/2026 365 0.00 0.18 T-Note 0.375 11/30/2025 91282CAZ4 4/22/2021 0.720 500,000.00 492,187.50 498,593.47 484,350.00 11/30/2025 303 319.37 0.18 T-Note 0.375 12/31/2025 91282CBC4 1/7/2021 0.431 500,000.00 498,632.81 499,749.57 482,980.00 12/31/2025 334 160.57 0.18 T-Note 0.5 2/28/2026 91282CBQ3 5/28/2021 0.750 500,000.00 494,165.00 498,682.42 480,530.00 2/28/2026 393 1,056.63 0.18 T-Note 0.5 2/28/2026 91282CBQ3 3/23/2022 2.353 750,000.00 698,025.00 735,821.71 720,795.00 2/28/2026 393 1,584.94 0.28 T-Note 0.625 7/31/2026 91282CCP4 9/29/2021 0.970 1,000,000.00 983,750.00 994,982.29 948,710.00 7/31/2026 546 0.00 0.37 T-Note 0.75 3/31/2026 91282CBT7 5/28/2021 0.770 500,000.00 499,525.00 499,886.09 480,545.00 3/31/2026 424 1,267.17 0.18 T-Note 0.75 3/31/2026 91282CBT7 6/17/2021 0.816 500,000.00 498,450.00 499,624.70 480,545.00 3/31/2026 424 1,267.17 0.18 T-Note 0.75 5/31/2026 91282CCF6 6/1/2021 0.810 1,000,000.00 997,060.00 999,219.87 955,700.00 5/31/2026 485 1,277.47 0.37 T-Note 0.75 5/31/2026 91282CCF6 6/17/2021 0.870 500,000.00 497,095.00 499,222.33 477,850.00 5/31/2026 485 638.74 0.18 T-Note 0.75 8/31/2026 91282CCW9 9/29/2021 0.990 1,000,000.00 988,500.00 996,311.80 947,730.00 8/31/2026 577 3,169.89 0.37 T-Note 0.75 8/31/2026 91282CCW9 3/22/2022 2.350 500,000.00 466,454.17 488,087.30 473,865.00 8/31/2026 577 1,584.94 0.18 T-Note 1.125 10/31/2026 91282CDG3 3/22/2022 2.350 500,000.00 473,396.82 489,930.94 474,395.00 10/31/2026 638 1,429.56 0.18 160 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio T-Note 1.5 1/31/2027 912828Z78 2/10/2022 1.781 1,000,000.00 986,700.00 994,658.02 948,710.00 1/31/2027 730 0.00 0.3' T-Note 1.875 7/31/2026 912828Y95 8/29/2024 3.876 1,000,000.00 963,281.25 971,400.23 966,600.00 7/31/2026 546 0.00 Off T-Note 2.25 8/15/2027 9128282RO 11/18/2022 3.950 1,000,000.00 927,110.00 961,007.43 953,160.00 8/15/2027 926 10,332.88 0.3' T-Note 2.375 4/30/2026 9128286S4 3/23/2022 2.400 1,000,000.00 999,010.00 999,700.62 977,810.00 4/30/2026 454 6,035.91 0.3' T-Note 2.375 5/15/2027 912828X88 6/7/2022 3.041 1,000,000.00 969,687.50 985,987.62 960,160.00 5/15/2027 834 5,051.80 0.3' T-Note 2.5 3/31/2027 91282CEF4 5/3/2022 3.010 1,000,000.00 976,860.00 989,824.60 965,270.00 3/31/2027 789 8,447.80 Off T-Note 2.625 2/15/2029 9128286131 2/15/2024 4.286 1,000,000.00 925,976.56 940,205.60 938,130.00 2/15/2029 1,476 12,055.03 0.3' T-Note 2.625 5/31/2027 91282CET4 6/8/2022 2.980 500,000.00 491,842.18 496,185.84 482,500.00 5/31/2027 850 2,235.58 0.17 T-Note 2.625 5/31/2027 91282CET4 8/29/2024 3.720 1,000,000.00 971,555.99 975,942.88 965,000.00 5/31/2027 850 4,471.15 0.3' T-Note 2.75 4/30/2027 91282CEN7 6/8/2022 2.971 500,000.00 495,000.00 497,709.97 484,530.00 4/30/2027 819 3,494.48 0.1� T-Note 2.75 7/31/2027 91282CF132 8/15/2022 2.980 1,000,000.00 989,460.00 994,700.88 965,390.00 7/31/2027 911 0.00 0.3' T-Note 2.75 7/31/2027 91282CFB2 8/29/2022 3.200 1,000,000.00 979,645.67 989,686.84 965,390.00 7/31/2027 911 0.00 0.3' T-Note 2.875 4/30/2029 91282CEM9 4/30/2024 4.658 1,000,000.00 921,300.00 933,195.51 944,490.00 4/30/2029 1,550 7,306.63 0.3' T-Note 3.125 11/15/2028 9128285M8 12/29/2023 3.880 1,000,000.00 966,718.75 974,170.61 959,300.00 11/15/2028 1,384 6,647.10 Off T-Note 3.125 8/31/2027 91282CFH9 1/24/2023 3.640 500,000.00 489,175.00 493,933.10 486,640.00 8/31/2027 942 6,603.94 0.17 T-Note 3.25 6/30/2027 91282CEW7 2/15/2023 4.075 1,000,000.00 967,220.00 981,935.03 978,480.00 6/30/2027 880 2,783.15 0.3' T-Note 3.5 1/31/2028 91282CGH8 2/2/2023 3.580 1,000,000.00 996,369.14 997,821.09 979,490.00 1/31/2028 1,095 0.00 0.3' T-Note 3.5 1/31/2028 91282CGH8 8/29/2024 3.680 1,000,000.00 994,257.81 994,969.84 979,490.00 1/31/2028 1,095 0.00 Off T-Note 3.5 1/31/2030 91282CGJ4 1/13/2025 4.531 1,000,000.00 953,900.00 954,350.00 962,340.00 1/31/2030 1,826 0.00 0.3' T-Note 3.5 4/30/2028 91282CHA2 5/31/2023 3.837 1,000,000.00 985,000.00 990,105.85 977,070.00 4/30/2028 1,185 8,895.03 0.3' T-Note 3.5 4/30/2028 91282CHA2 7/19/2024 4.145 1,000,000.00 977,600.00 980,779.15 977,070.00 4/30/2028 1,185 8,895.03 0.3' T-Note 3.5 9/30/2029 91282CLN9 9/30/2024 3.510 1,000,000.00 999,530.00 999,561.66 965,200.00 9/30/2029 1,703 11,826.92 Off T-Note 3.625 3/31/2028 91282CGT2 5/31/2023 3.853 1,000,000.00 990,000.00 993,461.76 981,640.00 3/31/2028 1,155 12,249.31 0.3' T-Note 3.625 3/31/2028 91282CGT2 6/15/2023 3.980 1,000,000.00 984,600.00 989,844.80 981,640.00 3/31/2028 1,155 12,249.31 0.3' T-Note 3.625 3/31/2028 91282CGT2 10/19/2023 4.910 1,000,000.00 949,180.00 963,887.76 981,640.00 3/31/2028 1,155 12,249.31 0.3' T-Note 3.625 8/31/2029 91282CLK5 9/3/2024 3.627 2,000,000.00 1,999,843.75 1,999,856.61 1,942,340.00 8/31/2029 1,673 30,642.27 0.7, T-Note 3.75 12/31/2028 91282CJR3 1/2/2024 3.815 1,000,000.00 997,067.49 997,702.20 980,080.00 12/31/2028 1,430 3,211.33 0.3' T-Note 3.75 12/31/2028 91282CJR3 6/12/2024 4.480 1,000,000.00 970,230.00 974,401.02 980,080.00 12/31/2028 1,430 3,211.33 0.3' T-Note 3.875 11/30/2029 91282CFY2 11/21/2024 4.271 1,000,000.00 982,265.63 982,951.81 979,690.00 11/30/2029 1,764 6,600.27 0.3' T-Note 3.875 9/30/2029 91282CFLO 10/8/2024 3.875 1,000,000.00 1,000,000.00 1,000,000.00 980,550.00 9/30/2029 1,703 13,094.09 Off T-Note 4 1/15/2027 91282CJT9 1/31/2024 4.115 1,000,000.00 996,813.45 997,894.34 996,020.00 1/15/2027 714 1,767.96 0.3' T-Note 4 10/31/2029 91282CFT3 10/31/2024 4.110 1,000,000.00 995,070.00 995,318.39 985,510.00 10/31/2029 1,734 10,165.75 0.3' T-Note 4 7/31/2029 91282CLC3 7/31/2024 4.134 1,000,000.00 994,000.00 994,604.60 986,880.00 7/31/2029 1,642 0.00 0.3' T-Note 4.125 10/31/2027 91282CFUO 11/6/2023 4.524 750,000.00 739,200.00 742,557.36 748,125.00 10/31/2027 1,003 7,862.57 02 T-Note 4.125 10/31/2027 91282CFUO 5/31/2024 4.675 1,000,000.00 982,790.00 986,168.57 997,500.00 10/31/2027 1,003 10,483.43 0.3' T-Note 4.125 11/30/2029 91282CMA6 12/2/2024 4.180 1,000,000.00 997,539.06 997,620.01 991,250.00 11/30/2029 1,764 7,026.10 0.3' T-Note 4.125 3/31/2029 91282CKG5 4/1/2024 4.210 1,000,000.00 996,200.00 996,835.07 992,580.00 3/31/2029 1,520 13,938.87 0.3' T-Note 4.125 9/30/2027 91282CFM8 7/30/2024 4.150 1,000,000.00 999,210.00 999,336.32 997,700.00 9/30/2027 972 13,938.87 Off T-Note 4.25 1/31/2026 91282CJV4 1/31/2024 4.330 1,000,000.00 998,482.98 999,243.57 999,880.00 1/31/2026 365 0.00 0.3' 161 Settlement YTM @ Face Maturity Days To Accrued % of Description CUSIP/Ticker Date Cost Amount/Shares Cost Value Book Value Market Value Date Maturity Interest Portfolio T-Note 4.25 1/31/2030 91282CMG3 1/31/2025 4.330 1,000,000.00 996,437.79 996,437.79 996,410.00 1/31/2030 1,826 0.00 0.37 T-Note 4.25 6/30/2029 91282CKX8 7/1/2024 4.290 2,000,000.00 1,996,433.38 1,996,851.60 1,993,820.00 6/30/2029 1,611 7,279.01 0.74 T-Note 4.375 12/31/2029 91282CMDO 12/31/2024 4.425 1,500,000.00 1,496,700.00 1,496,756.02 1,502,700.00 12/31/2029 1,795 5,619.82 0.55 T-Note 4.5 5/31/2029 91282CKT7 5/31/2024 4.540 2,000,000.00 1,996,484.38 1,996,956.08 2,013,900.00 5/31/2029 1,581 15,329.67 0.74 Sub Total / Average US Treasury 3.433 54,000,000.00 53,045,589.06 53,391,987.02 52,652,380.00 1,116 306,393.51 19.96 Total / Average 3.750 270,473,433.44 269,199,199.74 269,717,974.20 267,767,859.32 586 2,173,695.16 100 162 ta Qa�tra CALIFORNIA City of La Quinta Investment Portfolio Quarterly Investment Report February 28, 2025 COMPLIANCE I I 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. Portfolio Name Face Amount/Shares Market Value Book Value % of Portfolio YTM @ Cost Days To Maturity CAMP 57,435,236.27 57,435,236.27 57,435,236.27 21.05 4.99 60 CERBT OPEB Trust 2,077,938.52 2,077,938.52 2,077,938.52 0.76 1.34 1 Fiscal Agent - Debt Service 1,652,584.38 1,652,584.38 1,652,584.38 0.61 3.84 1 Fixed Income Investments 158,462,000.00 156,548,014.55 157,718,639.72 57.81 3.32 964 Housing Authority - LQPR 201,480.31 201,480.31 201,480.31 0.07 0.00 1 Housing Authority - DPME 1,206,282.88 1,206,282.88 1,206,282.88 0.44 0.00 1 Housing Authority - LAIF 2,202,965.73 2,204,836.47 2,202,965.73 0.81 4.33 1 LAIF 20,561,645.26 20,579,106.02 20,561,645.26 7.54 4.33 1 Money Market at Custodian 3,177,460.76 3,177,460.76 3,177,460.76 1.16 4.25 1 Operating Funds 20,554,528.34 20,554,528.34 20,554,528.34 7.53 4.24 1 PARS Pension Trust 6,017,544.12 6,017,544.12 6,017,544.12 2.21 1.14 1 Total / Average 273,549,666.57 271,655,012.62 272,806,306.29 100.00 3.76 570 5/27/2025 Claudia Martinez, Finance Director/City Treasurer Date 163 City of La Quinta I CA Portfolio Holdings Investment Portfolio I by Security Sector Report Format: By Transaction Group By: Security Sector Average By: Face Amount / Shares Portfolio / Report Group: All Portfolios As of 2/28/2025 Settlement YTM @ Face Maturity Days To Accrued % of Description CUSIP/Ticker Date Cost Amount/Shares Cost Value Book Value Market Value Date Maturity Interest Portfolio Cash BMO Bank I LQ Palms Realty Cash LQPR1935 3/31/2024 0.000 201,480.31 201,480.31 201,480.31 201,480.31 N/A 1 0.07 BMO Suntrust I Dune Palms Cash DPME4741-3599 3/31/2024 0.000 1,206,282.88 1,206,282.88 1,206,282.88 1,206,282.88 N/A 1 0.44 City of La Quinta Cash PETTYCASH 3/31/2024 0.000 3,300.00 3,300.00 3,300.00 3,300.00 N/A 1 0.00 Sub Total / Average Cash 0.000 1,411,063.19 1,411,063.19 1,411,063.19 1,411,063.19 1 0.00 0.52 Certificate Of Deposit Access Bank NE 1.6 3/13/2025 00435JBH5 3/13/2020 1.600 248,000.00 248,000.00 248,000.00 247,781.76 3/13/2025 13 163.07 0.09 Advantage Credit Union IA 4.45 7/31 /2028 00790UAE7 7/31/2024 4.450 249,000.00 249,000.00 249,000.00 250,376.97 7/31/2028 1,249 0.00 0.09 Affinity Bank, NAGA4.9 00833JAQ4 3/17/2023 4.900 248,000.00 248,000.00 248,000.00 252,456.56 3/17/2028 1,113 366.22 0.09 3/17/2028 Alabama Credit Union 5 01025RAG4 6/20/2023 5.000 248,000.00 248,000.00 248,000.00 250,425.44 6/22/2026 479 271.78 0.09 6/22/2026 All In FCU AL 4.4 12/20/2027 01664MAB2 12/20/2022 4.400 248,000.00 248,000.00 248,000.00 248,882.88 12/20/2027 1,025 239.17 0.09 /3 t Credit Union IL 5 12 12/30/2027 01882MAC6 12/30/2022 5.000 247,000.00 247,000.00 247,000.00 251,769.57 12/30/2027 1,035 0.00 0.09 Ally Bank UT 2.55 4/21/2025 02007GPX5 4/21/2022 2.550 245,000.00 245,000.00 245,000.00 244,333.60 4/21/2025 52 2,225.14 0.09 Alma Bank NY 1.4 3/28/2025 020080BX4 3/30/2020 1.400 248,000.00 248,000.00 248,000.00 247,439.52 3/28/2025 28 0.00 0.09 Altaone FCU CA4.45 02157RAA5 7/19/2024 4.450 249,000.00 249,000.00 249,000.00 250,865.01 7/19/2029 1,602 819.65 0.09 7/19/2029 Amerant Bank, NA FL 1.6 2/16/2027 02357QAQ0 2/14/2022 1.600 245,000.00 245,000.00 245,000.00 232,882.30 2/16/2027 718 150.36 0.09 American Express Nat'l Bank 02589ADH2 8/29/2022 3.450 245,000.00 245,000.00 245,000.00 240,450.35 7/27/2027 879 741.04 0.09 3.45 7/27/2027 Austin Telco FCU TX 3.8 9/21 /2027 052392BT3 9/21/2022 3.800 248,000.00 248,000.00 248,000.00 245,252.16 9/21/2027 935 697.12 0.09 Axos Bank CA 1.65 3/26/2025 05465DAE8 3/26/2020 1.650 248,000.00 248,000.00 248,000.00 247,546.16 3/26/2025 26 22.42 0.09 Balboa Thrift &Loan 4.4 7/19/2028 05765LBU0 7/19/2023 4.400 248,000.00 248,000.00 248,000.00 255,581.36 7/19/2028 1,237 269.06 0.09 Ballston Spa Nat'l Bank NY 058723AQ0 5/24/2024 4.800 248,000.00 248,000.00 248,000.00 250,318.80 11/24/2026 634 130.45 0.09 4.8 11 /24/2026 164 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Bank Five Nine WI 4.25 062119BT8 5/12/2023 4.250 248,000.00 248,000.00 248,000.00 247,851.20 5/12/2028 1,169 462.03 0.09 5/12/2028 Bank of America 5.2 12/8/2025 06051XEF5 6/6/2024 5.200 243,000.00 243,000.00 243,000.00 244,710.72 12/8/2025 283 2,908.01 0.09 Bank of the Sierra CA 4.6 064860MC0 3/15/2023 4.600 244,000.00 244,000.00 244,000.00 245,612.84 3/15/2027 745 5,104.61 0.09 3/15/2027 Bankers Bank WI 4.15 5/24/2028 06610RCA5 5/24/2023 4.150 248,000.00 248,000.00 248,000.00 247,102.24 5/24/2028 1,181 112.79 0.09 BankFirst Norfolk NE 4.5 06644QAC5 6/21/2024 4.500 248,000.00 248,000.00 248,000.00 250,303.92 6/21/2029 1,574 214.03 0.09 6/21 /2029 Baxter Credit Union IL 4.35 07181JBH6 8/22/2024 4.350 248,000.00 248,000.00 248,000.00 248,657.20 8/22/2028 1,271 177.34 0.09 8/22/2028 Beal Bank TX 1.9 2/17/2027 07371AYE7 2/23/2022 1.900 245,000.00 245,000.00 245,000.00 234,246.95 2/17/2027 719 63.77 0.09 Beal Bank USA NV 1.9 07371 CE88 2/23/2022 1.900 245,000.00 245,000.00 245,000.00 234,246.95 2/17/2027 719 63.77 0.09 2/17/2027 Blue Ridge Bank, NA VA 4.2 2/28/2028 09582YAF9 2/28/2023 4.200 244,000.00 244,000.00 244,000.00 243,455.88 2/28/2028 1,095 0.00 0.09 BNY Mellon, NA PA4.5 05584CJJ6 9/7/2023 4.500 244,000.00 244,000.00 244,000.00 245,747.04 9/7/2028 1,287 5,234.30 0.09 9/7/2028 Bridgewater Bank MN 4.85 3/29/2027 108622NJ6 3/29/2023 4.850 248,000.00 248,000.00 248,000.00 250,951.20 3/29/2027 759 0.00 0.09 California Credit Union CA 5.1 130162BL3 12/28/2023 5.100 244,000.00 244,000.00 244,000.00 244,592.92 6/30/2025 122 2,113.78 0.09 6/30/2025 Capital One NA f/k/a Capital One USA 1.6 4/8/2025 14042TDD6 4/8/2020 1.600 245,000.00 245,000.00 245,000.00 244,260.10 4/8/2025 39 1,535.78 0.09 Capital One, NA 1.1 11 /17/2026 14042RQB0 11/17/2021 1.100 248,000.00 248,000.00 248,000.00 235,163.52 11/17/2026 627 769.82 0.09 Carter Bank & Trust 4.55 146102AS7 7/5/2024 4.550 248,000.00 248,000.00 248,000.00 250,812.32 7/5/2029 1,588 711.05 0.09 7/5/2029 Carter FCU LA 0.75 4/27/2026 14622LAA0 4/27/2021 0.750 248,000.00 248,000.00 248,000.00 238,734.72 4/27/2026 423 5.10 0.09 Celtic Bank UT 3.65 9/26/2029 15118RR33 9/26/2024 3.650 248,000.00 248,000.00 248,000.00 241,673.52 9/26/2029 1,671 49.60 0.09 Central Bank AK45/12/2028 152577BN1 5/12/2023 4.000 248,000.00 248,000.00 248,000.00 245,996.16 5/12/2028 1,169 434.85 0.09 cfsbank PA4.7 11/30/2027 12526AAM9 5/30/2024 4.700 244,000.00 244,000.00 244,000.00 246,635.20 11/30/2027 1,005 2,827.73 0.09 C FCU VA 4.9 6/9/2026 9/2026 16141 BAC5 6/9/2023 4.900 248,000.00 248,000.00 248,000.00 250,018.72 6/9/2026 466 632.57 0.09 Chippewa Valley Bank WI 0.6 169894AS1 6/24/2020 0.600 248,000.00 248,000.00 248,000.00 245,205.04 6/24/2025 116 16.31 0.09 6/24/2025 CIBC Bank USA IL 4.35 5/16/2028 12547CBJ6 5/16/2023 4.350 244,000.00 244,000.00 244,000.00 244,480.68 5/16/2028 1,173 3,024.26 0.09 Comenity Capital Bank UT 20033A3A2 4/14/2022 2.650 248,000.00 248,000.00 248,000.00 239,979.68 4/14/2027 775 252.08 0.09 2.65 4/14/2027 Commonwealth Business Bank CA 1.25 3/31/2025 2027506M2 3/31/2020 1.250 248,000.00 248,000.00 248,000.00 247,392.40 3/31/2025 31 229.32 0.09 ConnectOne Bank NJ 0.8 24/20 9/24/2026 20786ADL6 9/24/2021 0.800 248,000.00 248,000.00 248,000.00 235,034.56 9/24/2026 573 21.74 0.09 165 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Connexus Credit Union WI 20825WAR1 12/23/2021 1.250 249,000.00 249,000.00 249,000.00 235,987.26 12/23/2026 663 0.00 0.09 1.25 12/23/2026 Cornerstone Comm. FCU NY 3.7 10/1 /2029 21923MAB7 9/30/2024 3.700 248,000.00 248,000.00 248,000.00 242,142.24 10/1/2029 1,676 0.00 0.09 County Schools FCU CA 4.4 22258JAB7 9/30/2022 4.400 248,000.00 248,000.00 248,000.00 248,801.04 9/30/2027 944 0.00 0.09 9/30/2027 Covantage Credit Union WI 4.2 8/7/2028 22282XAD2 8/6/2024 4.200 247,000.00 247,000.00 247,000.00 246,481.30 8/7/2028 1,256 625.28 0.09 Cross River Bank NJ 4.5 227563GC1 4/26/2024 4.500 244,000.00 244,000.00 244,000.00 245,149.24 4/26/2027 787 3,760.27 0.09 4/26/2027 Customers Bank PA 4.5 23204HPB8 6/14/2023 4.500 244,000.00 244,000.00 244,000.00 245,581.12 6/14/2028 1,202 2,286.25 0.09 6/14/2028 Cy -Fair FCU TX 4.5 5/12/2028 23248UAB3 5/12/2023 4.500 248,000.00 248,000.00 248,000.00 249,706.24 5/12/2028 1,169 489.21 0.09 Direct FCU MA4.8 11/8/2027 25460FDW3 11/7/2022 4.800 248,000.00 248,000.00 248,000.00 251,424.88 11/8/2027 983 684.89 0.09 Discover Bank 3.1 5/27/2025 254673E69 5/24/2022 3.100 245,000.00 245,000.00 245,000.00 244,252.75 5/27/2025 88 1,997.59 0.09 Dort Financial Credit Union MI 4.5 12/16/2027 25844MAK4 12/16/2022 4.500 247,000.00 247,000.00 247,000.00 248,509.17 12/16/2027 1,021 1,766.22 0.09 Eaglemark Savings Bank NV 27004PCM3 3/2/2022 2.000 245,000.00 245,000.00 245,000.00 234,494.40 3/2/2027 732 2,403.01 0.09 2 3/2/2027 Empower FCU NY 5.25 291916AJ3 11/15/2023 5.250 247,000.00 247,000.00 247,000.00 255,365.89 11/15/2028 1,356 639.49 0.09 11 /15/2028 Enterprise Bank PA4.6 6/7/2029 29367RND4 6/7/2024 4.600 248,000.00 248,000.00 248,000.00 251,251.28 6/7/2029 1,560 656.35 0.09 EverBank, NA f/k/a TIAA FSB 87270LDL4 2/12/2021 0.500 245,000.00 245,000.00 245,000.00 236,407.85 2/12/2026 349 53.70 0.09 0.5 2/12/2026 Evergreen Bank Group IL 300185LM5 1/27/2023 3.850 248,000.00 248,000.00 248,000.00 246,658.32 7/27/2026 514 26.16 0.09 3.85 7/27/2026 Fahey Banking Company 4.2 8/30/2027 303117DN2 2/28/2025 4.200 248,000.00 248,000.00 248,000.00 247,645.36 8/30/2027 913 0.00 0.09 Farmers & Merchants Bank of 30781JBU3 7/5/2024 4.400 248,000.00 248,000.00 248,000.00 249,336.72 7/5/2029 1,588 687.61 0.09 Colby 4.4 7/5/2029 Farmers &Merchants Bank WI0.9 7/14/2025 307811DF3 1/14/2022 0.900 249,000.00 249,000.00 249,000.00 245,845.17 7/14/2025 136 85.96 0.09 Farmers Insurance Group 30960QAR8 7/26/2023 5.400 248,000.00 248,000.00 248,000.00 249,135.84 7/28/2025 150 73.38 0.09 FCU 5.4 7/28/2025 Fidelity Bank LA 0.7 31617CAV5 4/30/2021 0.700 248,000.00 248,000.00 248,000.00 237,951.04 4/30/2026 426 0.00 0.09 4/30/2026 Fieldpoint Private B&T CT 4 9/4/2026 31657FBA4 9/4/2024 4.000 248,000.00 248,000.00 248,000.00 247,114.64 9/4/2026 553 652.27 0.09 First Bank Elk River MN 4.4 31911 KAK4 6/30/2023 4.400 248,000.00 248,000.00 248,000.00 253,753.60 6/30/2028 1,218 0.00 0.09 6/30/2028 First Bank NJ 4.45 12/26/2025 319137CB9 12/28/2023 4.450 244,000.00 244,000.00 244,000.00 244,353.80 12/26/2025 301 1,844.37 0.09 First Federal Savings IN 4.25 7/9/2026 32021YEV1 2/9/2024 4.250 248,000.00 248,000.00 248,000.00 248,017.36 7/9/2026 496 548.66 0.09 First Freedom Bank TN 1.2 32027BALl 4/29/2020 1.200 249,000.00 249,000.00 249,000.00 247,700.22 4/29/2025 60 0.00 0.09 4/29/2025 166 Description CUSIP/Ticker First Internet Bank of Indiana 32056GDJ6 1 5/12/2025 First Nat'l Bank of America MI 32110YQ24 3.75 10/30/2028 First Nat'l Bank of McGregor 32112UDR9 1.35 4/28/2025 First Service CU f/k/a SPCO TX 4.35 1 /20/2028 78472EAB0 Flagstar Bank, NA NY 1.25 33847E3A3 4/30/2025 Forbright Bank MD 4.6 34520LAT0 11 /2/2027 Four Points FCU 4.55 5/11 /2026 35089LAF0 Genesee Regional Bank NY 37173RAL7 4.2 12/28/2026 Global FCU f/k/a Alaska USA 011852AE0 AK 4.6 3/8/2028 Golden State Bank CA 4.45 38120MCA2 6/22/2027 Goldman Sachs Bank USA 1 38149MXK4 7/28/2026 Greenstate Credit Union IA 39573LBC1 0.95 4/16/2026 Healthcare Systems FCU VA 42228LAN1 5.1 10/27/2028 Ideal Credit Union MN 4.5 45157PAZ3 12/29/2027 Jeep Country FCU OH 4.7 6/29/2027 72312AA5 4 KeyBank NA OH 5 3/17/2025 49306SJ56 Knoxville TVA Employees 499724AP7 Credit Union 4.85 8/25/202 Latino Community Credit 51828MAC8 Union NC 4.5 12/21/2027 Leader Bank, NA MA 2.55 2168UHY1 5 4/22/2025 Leaders Credit Union TN 5.1 2171 MAM7 5 10/30/2028 Legacy Bank & Trust Co. MO 52470QEC4 4.5 9/27/2028 Legends Bank TN 3.75 5 2465JKL0 9/11 /2028 Liberty First Credit Union NE 530520AH8 4.5 2/22/2028 Maine Community Bank 3.75 560390DC7 8/30/2027 Maine Savings FCU 4.8 60507AQ8 5 7/21 /2028 Settlement YTM @ Face Maturity Days To Accrued % of Date Cost Amount/Shares Cost Value Book Value Market Value Date Maturity Interest Portfolio 5/11/2020 1.000 248,000.00 248,000.00 248,000.00 246,363.20 5/12/2025 73 115.51 0.09 10/30/2024 3.750 248,000.00 248,000.00 248,000.00 243,627.76 10/30/2028 1,340 0.00 0.09 4/28/2020 1.350 248,000.00 248,000.00 248,000.00 246,767.44 4/28/2025 59 0.00 0.09 1/20/2023 4.350 249,000.00 249,000.00 249,000.00 249,555.27 1/20/2028 1,056 237.40 0.09 4/30/2020 1.250 248,000.00 248,000.00 248,000.00 246,695.52 4/30/2025 61 1,027.67 0.09 11/2/2022 4.600 248,000.00 248,000.00 248,000.00 250,125.36 11/2/2027 977 812.62 0.09 5/10/2023 4.550 248,000.00 248,000.00 248,000.00 248,882.88 5/11/2026 437 556.47 0.09 12/27/2023 4.200 244,000.00 244,000.00 244,000.00 243,782.84 12/28/2026 668 1,768.83 0.09 3/8/2023 4.600 248,000.00 248,000.00 248,000.00 250,311.36 3/8/2028 1,104 625.10 0.09 6/22/2023 4.450 249,000.00 249,000.00 249,000.00 250,105.56 6/22/2027 844 182.15 0.09 7/28/2021 1.000 248,000.00 248,000.00 248,000.00 236,745.76 7/28/2026 515 210.63 0.09 4/16/2021 0.950 249,000.00 249,000.00 249,000.00 239,933.91 4/16/2026 412 174.98 0.09 10/27/2023 5.100 248,000.00 248,000.00 248,000.00 255,001.04 10/27/2028 1,337 34.65 0.09 12/29/2022 4.500 248,000.00 248,000.00 248,000.00 249,569.84 12/29/2027 1,034 825.53 0.09 6/29/2023 4.700 248,000.00 248,000.00 248,000.00 250,420.48 6/29/2027 851 0.00 0.09 3/15/2023 5.000 244,000.00 244,000.00 244,000.00 244,073.20 3/17/2025 17 5,548.49 0.09 8/25/2023 4.850 248,000.00 248,000.00 248,000.00 252,697.12 8/25/2028 1,274 889.74 0.09 12/21/2022 4.500 248,000.00 248,000.00 248,000.00 249,540.08 12/21/2027 1,026 214.03 0.09 4/22/2022 2.550 245,000.00 245,000.00 245,000.00 244,321.35 4/22/2025 53 2,208.02 0.09 10/30/2023 5.100 248,000.00 248,000.00 248,000.00 254,971.28 10/30/2028 1,340 0.00 0.09 9/27/2023 4.500 248,000.00 248,000.00 248,000.00 249,914.56 9/27/2028 1,307 30.58 0.09 9/11/2024 3.750 248,000.00 248,000.00 248,000.00 243,793.92 9/11/2028 1,291 433.15 0.09 2/21/2023 4.500 248,000.00 248,000.00 248,000.00 249,569.84 2/22/2028 1,089 825.53 0.09 8/30/2024 3.750 248,000.00 248,000.00 248,000.00 244,976.88 8/30/2027 913 0.00 0.09 7/21/2023 4.800 248,000.00 248,000.00 248,000.00 252,161.44 7/21/2028 1,239 228.1067 0.09 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Marathon Bank WI 1.8 565819AG4 3/16/2022 1.800 248,000.00 248,000.00 248,000.00 236,140.64 3/16/2027 746 146.76 0.09 3/16/2027 Marine FCU NC 4 8/31/2026 56824JBC7 8/30/2024 4.000 248,000.00 248,000.00 248,000.00 247,065.04 8/31/2026 549 0.00 0.09 Medallion Bank UT 4.85 10/20/2028 58404DTP6 10/20/2023 4.850 248,000.00 248,000.00 248,000.00 257,208.24 10/20/2028 1,330 263.63 0.09 Merrick Bank UT 1.1 11 /9/2026 59013KPN0 11/9/2021 1.100 249,000.00 249,000.00 249,000.00 236,211.36 11/9/2026 619 142.58 0.09 Metro Credit Union MA 1.7 59161 YAP1 2/18/2022 1.700 249,000.00 249,000.00 249,000.00 237,028.08 2/18/2027 720 313.13 0.09 2/18/2027 Mid Carolina Credit Union SC 4.85 3/13/2026 59524LAA4 3/13/2023 4.850 248,000.00 248,000.00 248,000.00 249,877.36 3/13/2026 378 494.30 0.09 Milestone Bk f/k/a LCA UT 1 501798RP9 12/27/2021 1.000 248,000.00 248,000.00 248,000.00 237,655.92 6/26/2026 483 428.05 0.09 6/26/2026 Minnwest Bank MN 4.25 60425SKB4 5/1/2023 4.250 248,000.00 248,000.00 248,000.00 248,032.24 5/3/2027 794 779.67 0.09 5/3/2027 Money One FCU MD 5 9/14/2028 60936TAL3 9/14/2023 5.000 248,000.00 248,000.00 248,000.00 253,966.88 9/14/2028 1,294 475.62 0.09 Mountain American FCU 4.7 62384RAT3 4/28/2023 4.700 248,000.00 248,000.00 248,000.00 249,279.68 4/28/2026 424 862.22 0.09 4/28/2026 MVB Bank, Inc. WV 4.05 2/1 /2028 62847NEP7 8/1/2024 4.050 248,000.00 248,000.00 248,000.00 246,507.04 2/1/2028 1,068 742.98 0.09 Nelnet Bank UT 1.8 3/2/2026 64034KAZ4 3/2/2022 1.800 245,000.00 245,000.00 245,000.00 239,093.05 3/2/2026 367 2,162.71 0.09 / et National Bank WI 1.4 /31 / 331/2025 654062JZ2 3/31/2020 1.400 248,000.00 248,000.00 248,000.00 247,399.84 3/31/2025 31 0.00 0.09 Northpointe Bank MI 4.85 666613MK7 10/20/2023 4.850 248,000.00 248,000.00 248,000.00 252,875.68 10/20/2028 1,330 263.63 0.09 10/20/2028 Numerica CU 4.15 11 /26/2029 67054NBT9 11/26/2024 4.150 248,000.00 248,000.00 248,000.00 246,782.32 11/26/2029 1,732 56.39 0.09 Oregon Community Credit Union 4.85 6/7/2027 68584JAT6 6/7/2024 4.850 248,000.00 248,000.00 248,000.00 251,236.40 6/7/2027 829 692.02 0.09 Pacific Crest Savings Bank 69417ADA4 8/16/2024 3.900 248,000.00 248,000.00 248,000.00 244,332.08 8/16/2029 1,630 317.98 0.09 WA 3.9 8/16/2029 Parkside Financial B&T MO 3.75 9/1 3.75 9/13/2028 70147AGA6 9/13/2024 3.750 248,000.00 248,000.00 248,000.00 243,788.96 9/13/2028 1,293 382.19 0.09 Partners Bank of California 70212YBY7 2/27/2025 4.150 244,000.00 244,000.00 244,000.00 243,314.36 8/27/2027 910 27.74 0.09 4.15 8/27/2027 Pentagon FCU 0.7 9/2/2025 70962LAF9 9/1/2021 0.700 249,000.00 249,000.00 249,000.00 244,483.14 9/2/2025 186 128.93 0.09 Peoples Exchange Bank KY 71104AAS2 8/9/2024 4.150 248,000.00 248,000.00 248,000.00 247,407.28 8/9/2027 892 535.75 0.09 4.15 8/9/2027 Ponce Bank NY 3.5 9/15/2027 732329BD8 9/15/2022 3.500 248,000.00 248,000.00 248,000.00 243,478.96 9/15/2027 929 309.15 0.09 Prevail Bank WI 4.25 887171AB2 7/24/2024 4.250 249,000.00 249,000.00 249,000.00 248,875.50 1/24/2028 1,060 115.97 0.09 1 /24/2028 RiverWood Bank MN 3.85 76951DBZ2 9/11/2024 3.850 248,000.00 248,000.00 248,000.00 246,122.64 3/11/2027 741 444.70 0.09 3/11 /2027 / FCU f/k/a SCE CA4.7 /20 620/2029 78413RAV9 6/20/2024 4.700 248,000.00 248,000.00 248,000.00 252,250.72 6/20/2029 1,573 255.47 0.09 168 Description CUSIP/Ticker Rockland FCU MA4.6 77357DAD0 12/22/2026 Safra Nat'l Bank NY f/k/a/ 24773RCR4 Delta Nat'l 2 2 Sallie Mae Bank UT 1 795451AF0 7/28/2026 San Francisco FCU CA 4.35 79772FAG1 2/3/2028 Signature FCU VA 4.4 82671 DAB3 1 /31 /2028 Simmons Bank f/k/a Landmark Comm. 0.5 51507LCC6 1 /22/2026 SkyOne FCU CA 3.9 83088XAR9 10/25/2028 SNB Bank, NA OK 4.1 8470MBS6 7 8/14/2028 Southern Bank GA4.25 84229LBA9 1 /28/2026 Southern Bank MO 4.2 843383CS7 5/17/2028 Southern Bank of TN 4.35 4229QAC5 g 7/12/2029 Southern First Bank SC 4.7 84287PJH6 5/14/2025 Spring Bank NY 1.5 3/20/2025 g 49430BF9 St. Vincent's Medical Center g5279AAC6 FCU 4.6 6/16/2027 Stearns Bank, NA MN 4.2 857894Q51 8/9/2027 Sunwest Bank 3.55 9/28/2029 86804DDG0 Synchrony Bank 0.9 9/3/2026 87165ET98 Technology Credit Union CA 5 87868YAQ6 5/29/2026 Texas Exchange Bank 3.7 88241TSW1 9/6/2029 The Genoa Banking Co. 4.6 372348DJ8 11 /28/2028 The Greenwood's State Bank 397417AQ9 WI 3.05 5/17/2027 The Pitney Bowes Bank, Inc 724468AC7 UT 4.35 4/13/2028 Third Federal Savings & Loan 88413QDN5 3.3 8/19/2027 Toyota Financial Savings 89235MKY6 Bank NV 0.9 4/22/2026 True Sky FCU 1.6 2/4/2027 89786MAF1 Settlement YTM @ Face Maturity Days To Accrued % of Date Cost Amount/Shares Cost Value Book Value Market Value Date Maturity Interest Portfolio 12/22/2023 4.600 248,000.00 248,000.00 248,000.00 249,557.44 12/22/2026 662 187.53 0.09 3/9/2022 2.000 245,000.00 245,000.00 245,000.00 234,575.25 2/25/2027 727 2,309.04 0.09 7/28/2021 1.000 248,000.00 248,000.00 248,000.00 236,983.84 7/28/2026 515 210.63 0.09 2/3/2023 4.350 248,000.00 248,000.00 248,000.00 248,550.56 2/3/2028 1,070 738.90 0.09 1/31/2023 4.400 248,000.00 248,000.00 248,000.00 248,830.80 1/31/2028 1,067 0.00 0.09 1/22/2021 0.500 248,000.00 248,000.00 248,000.00 239,808.56 1/22/2026 328 20.38 0.09 10/25/2024 3.900 248,000.00 248,000.00 248,000.00 244,927.28 10/25/2028 1,335 79.50 0.09 8/14/2024 4.100 248,000.00 248,000.00 248,000.00 246,660.80 8/14/2028 1,263 390.01 0.09 10/28/2022 4.250 244,000.00 244,000.00 244,000.00 243,921.92 1/28/2026 334 3,494.55 0.09 5/17/2023 4.200 248,000.00 248,000.00 248,000.00 247,479.20 5/17/2028 1,174 313.91 0.09 7/12/2024 4.350 248,000.00 248,000.00 248,000.00 248,848.16 7/12/2029 1,595 472.90 0.09 2/14/2024 4.700 248,000.00 248,000.00 248,000.00 248,240.56 5/14/2025 75 447.08 0.09 3/20/2020 1.500 248,000.00 248,000.00 248,000.00 247,635.44 3/20/2025 20 81.53 0.09 6/16/2023 4.600 248,000.00 248,000.00 248,000.00 249,909.60 6/16/2027 838 375.06 0.09 8/8/2024 4.200 244,000.00 244,000.00 244,000.00 243,636.44 8/9/2027 892 561.53 0.09 9/30/2024 3.550 248,000.00 248,000.00 248,000.00 240,607.12 9/28/2029 1,673 0.00 0.09 9/3/2021 0.900 245,000.00 245,000.00 245,000.00 233,115.05 9/3/2026 552 1,087.40 0.09 5/30/2023 5.000 248,000.00 248,000.00 248,000.00 250,303.92 5/29/2026 455 917.26 0.09 9/6/2024 3.700 248,000.00 248,000.00 248,000.00 242,253.84 9/6/2029 1,651 553.07 0.09 11/28/2023 4.600 248,000.00 248,000.00 248,000.00 250,809.84 11/28/2028 1,369 0.00 0.09 5/17/2022 3.050 248,000.00 248,000.00 248,000.00 241,730.56 5/17/2027 808 227.96 0.09 4/14/2023 4.350 244,000.00 244,000.00 244,000.00 244,509.96 4/13/2028 1,140 3,983.88 0.09 8/19/2022 3.300 245,000.00 245,000.00 245,000.00 239,477.70 8/19/2027 902 199.36 0.09 4/22/2021 0.900 245,000.00 245,000.00 245,000.00 235,844.35 4/22/2026 418 779.30 0.09 2/4/2022 1.600 245,000.00 245,000.00 245,000.00 233,036.65 2/4/2027 706 257.75 0.09 169 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio / NC 4.7 9/10 9/10/2027 89789AAG2 3/10/2023 4.700 248,000.00 248,000.00 248,000.00 250,638.72 9/10/2027 924 574.82 0.09 Tuscon FCU AZ 5 9/8/2028 898812AC6 9/8/2023 5.000 248,000.00 248,000.00 248,000.00 253,939.60 9/8/2028 1,288 679.45 0.09 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 10/25/2023 4.900 248,000.00 248,000.00 248,000.00 253,314.64 10/25/2028 1,335 99.88 0.09 United Bankers' Bank 5 909557KQ2 3/16/2023 5.000 248,000.00 248,000.00 248,000.00 248,081.84 3/17/2025 17 407.67 0.09 3/17/2025 United Fidelity Bank, fsb IN 910286GN7 6/29/2023 4.500 248,000.00 248,000.00 248,000.00 254,457.92 6/29/2028 1,217 0.00 0.09 4.5 6/29/2028 United Roosevelt Savings Bank NJ 1.9 3/11/2027 91139LAB2 3/11/2022 1.900 248,000.00 248,000.00 248,000.00 236,703.60 3/11/2027 741 219.46 0.09 United Teletech FCU NJ 5.1 913065ADO 11/8/2023 5.100 248,000.00 248,000.00 248,000.00 253,284.88 11/8/2027 983 693.04 0.09 11 /8/2027 University Bank MI 4.2 11 /30/2027 914098DJ4 11/30/2022 4.200 249,000.00 249,000.00 249,000.00 248,531.88 11/30/2027 1,005 0.00 0.09 University Credit Union Los 914242AAO 9/26/2022 4.000 248,000.00 248,000.00 248,000.00 247,598.24 9/26/2025 210 54.36 0.09 Angeles 4 9/26/2025 3 t Bank Trust Co. PA 91527PBY2 5/12/2023 4.350 248,000.00 248,000.00 248,000.00 248,592.72 5/12/2028 1,169 472.90 0.09 4.5 5/12/20288 4.35/ USAFinancial FCU NY 4.55 5/26/ 4.55 5/26/2028 90352RDB8 5/26/2023 4.550 248,000.00 248,000.00 248,000.00 250,103.04 5/26/2028 1,183 61.83 0.09 Utah First FCU 5 7/21/2028 91739JAB1 7/21/2023 5.000 245,000.00 245,000.00 245,000.00 250,659.50 7/21/2028 1,239 234.93 0.09 Valley National Bank NJ 4.95 5/29/2026 919853LV1 5/29/2024 4.950 244,000.00 244,000.00 244,000.00 245,964.20 5/29/2026 455 3,011.23 0.09 Valleystar Credit Union VA 5.2 92023CAJ2 11/8/2023 5.200 247,000.00 247,000.00 247,000.00 254,871.89 11/8/2028 1,349 703.78 0.09 11 /8/2028 Vibrant Credit Union IL 0.8 6/30/2026 92559TAJ7 7/2/2021 0.851 249,000.00 248,377.50 248,834.05 237,852.27 6/30/2026 487 147.35 0.09 VisionBank MN 4.05 5/12/2028 92834ABT2 5/12/2023 4.050 248,000.00 248,000.00 248,000.00 246,368.16 5/12/2028 1,169 440.28 0.09 VyStar Credit Union FL4.55 92891CCZ3 3/10/2023 4.550 248,000.00 248,000.00 248,000.00 249,971.60 3/10/2028 1,106 834.71 0.09 3/10/2028 Washington Financial Bank PA 4.5 5/31 /2029 93883MBA5 5/31/2024 4.500 244,000.00 244,000.00 244,000.00 246,144.76 5/31/2029 1,553 2,707.40 0.09 Western State Bank ND 1 95960NKD8 5/13/2020 1.000 245,000.00 245,000.00 245,000.00 243,329.10 5/13/2025 74 718.22 0.09 5/13/2025 Workers FCU MA 5.2 98138MCA6 10/30/2023 5.200 248,000.00 248,000.00 248,000.00 255,812.00 10/30/2028 1,340 0.00 0.09 10/30/2028 Sub Total / Average Certificate Of Deposit 3.596 39,562,000.00 39,561,377.50 39,561,834.05 39,384,091.55 840 109,381.58 14.46 Corporate 3/14/2029-29ding lnc4.7 3/14/2029-29 09290DAA9 3/28/2024 4.623 1,000,000.00 1,003,380.00 1,002,755.13 1,013,670.00 3/14/2029 1,475 21,411.11 0.37 International Finance Corp 45950VPS9 2/26/2021 0.610 500,000.00 497,300.00 499,463.00 481,365.00 2/26/2026 363 13.89 0.18 0.5 2/26/2026 Walmart Inc 3.7 6/26/2028-28 931142EE9 6/26/2023 4.303 1,000,000.00 973,110.00 982,108.21 987,400.00 6/26/2028 1,214 6,372.22 0.37 170 Settlement YTM @ Face Maturity Days To Accrued % of Description CUSIP/Ticker Date Cost Amount/Shares Cost Value Book Value Market Value Date Maturity Interest Portfolio Sub Total /Average Corporate 3.692 2,500,000.00 2,473,790.00 2,484,326.34 2,482,435.00 1,148 27,797.22 0.91 Guaranteed Investment Contract CAMP TERM 5.16 6/12/2025 CAMPTERM61225 7/2/2024 5.160 30,000,000.00 30,000,000.00 30,000,000.00 30,000,000.00 6/12/2025 104 1,022,104.11 10.97 CAMP TERM 5.31 3/28/2025 CAMPTERM32825 7/2/2024 5.310 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 3/28/2025 28 350,605.48 3.66 Sub Total / Average Guaranteed Investment 5.198 40,000,000.00 40,0005000.00 40,0005000.00 40,000,000.00 85 1,372,709.59 14.62 Contract Local Government Investment Pool CAMP LGIP CAMP7001 3/31/2024 4.510 17,435,236.27 17,435,236.27 17,435,236.27 17,435,236.27 N/A 1 6.37 LAIF City LGIP CITYLAIF3434 2/28/2024 4.333 20,561,645.26 20,561,645.26 20,561,645.26 20,579,106.02 N/A 1 7.52 LAIF Housing LGIP HOUSINGLAIF3005 2/28/2024 4.333 2,202,965.73 2,202,965.73 2,202,965.73 2,204,836.47 N/A 1 0.81 Sub Total / Average Local Government Investment 4.410 40,199,847.26 40,199,847.26 40,199,847.26 40,219,178.76 1 0.00 14.70 Pool Money Market BMO Bank I Operating MM BMO1851OP 3/31/2024 4.240 20,551,228.34 20,551,228.34 20,551,228.34 20,551,228.34 N/A 1 7.51 OPEB Trust MM OPEBTRUST 3/31/2024 1.340 2,077,938.52 2,077,938.52 2,077,938.52 2,077,938.52 N/A 1 0.76 PARS Pension Trust MM PARSTRUST 3/31/2024 1.140 6,017,544.12 6,017,544.12 6,017,544.12 6,017,544.12 N/A 1 2.20 US Bank Custodian MM USB3000 3/31/2024 4.250 3,177,460.76 3,177,460.76 3,177,460.76 3,177,460.76 N/A 1 1.16 US Bank Fiscal Agent MM USB4000-6000 3/31/2024 3.835 1,652,584.38 1,652,584.38 1,652,584.38 1,652,584.38 N/A 1 0.60 Sub Total / Average Money 3.484 33,476,756.12 33,476,756.12 33,476,756.12 33,476,756.12 1 0.00 12.24 Market US Agency FFCB 0.5 6/9/2025 3133ELH23 6/9/2020 0.506 500,000.00 499,850.00 499,991.66 494,705.00 6/9/2025 101 548.61 0.18 FFCB 0.68 6/10/2025-22 3133ELH80 6/10/2020 0.680 500,000.00 500,000.00 500,000.00 494,875.00 6/10/2025 102 736.67 0.18 FFCB 0.71 8/10/2026-23 3133EM2C5 8/10/2021 0.792 500,000.00 498,000.00 499,420.79 476,340.00 8/10/2026 528 177.50 0.18 FFCB 0.8 9/10/2026 3133EM4X7 9/28/2021 0.985 1,000,000.00 991,080.00 997,236.90 951,170.00 9/10/2026 559 3,733.33 0.37 FFCB 1.27 11/2/2026 3133ENCQ1 11/2/2021 1.270 1,000,000.00 1,000,000.00 1,000,000.00 954,210.00 11/2/2026 612 4,092.22 0.37 FFCB 3.375 9/15/2027 3133ENL99 9/15/2022 3.430 1,000,000.00 997,492.55 998,723.28 985,360.00 9/15/2027 929 15,281.25 0.37 FFCB 3.5 9/10/2029 3133ERSP7 9/18/2024 3.470 1,000,000.00 1,001,350.00 1,001,229.46 976,280.00 9/10/2029 1,655 16,333.33 0.37 FFCB 3.75 12/7/2027 3133EN3S7 12/7/2022 3.794 1,000,000.00 998,000.00 998,890.49 992,360.00 12/7/2027 1,012 8,437.50 0.37 FFCB 3.75 8/15/2029 3133ERPS4 8/15/2024 3.800 1,000,000.00 997,742.00 997,984.11 986,200.00 8/15/2029 1,629 1,354.17 0.37 FFCB 3.875 1/18/2029 3133EPW84 1/18/2024 4.051 1,000,000.00 992,100.00 993,855.56 992,440.00 1/18/2029 1,420 4,305.56 0.37 FFCB 3.875 1/18/2029 3133EPW84 1/30/2024 4.000 1,000,000.00 994,400.00 995,615.21 992,440.00 1/18/2029 1,420 4,305.56 0.37 FFCB 3.875 10/15/2027 3133ERXJ5 10/15/2024 3.875 1,000,000.00 1,000,000.00 1,000,000.00 995,770.00 10/15/2027 959 14,315.97 0.37 FFCB 3.875 2/14/2028 3133EPAV7 2/15/2023 3.977 1,000,000.00 995,400.00 997,275.31 995,170.00 2/14/2028 1,081 1,506.94 0.37 FFCB 3.875 6/8/2028 3133EPME2 6/8/2023 3.915 1,000,000.00 998,190.00 998,813.79 994,350.00 6/8/2028 1,196 8,611.11 0.37 FFCB 4 11/29/2027 3133EN3H1 11/29/2022 4.030 1,000,000.00 998,650.00 999,257.09 998,810.00 11/29/2027 1,004 9,888.89 0.37 171 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio FFCB 4 9/29/2027 3133ENQ29 9/30/2022 4.080 1,000,000.00 996,400.00 998,137.93 998,850.00 9/29/2027 943 16,555.56 0.37 FFCB 4.125 12/17/2029 3133ERL41 12/17/2024 4.140 1,000,000.00 999,320.00 999,346.82 1,003,520.00 12/17/2029 1,753 8,135.42 0.37 FFCB 4.125 2/13/2029 3133EP3139 2/14/2024 4.318 1,000,000.00 991,400.00 993,188.88 1,001,090.00 2/13/2029 1,446 1,718.75 0.37 FFC134.25 7/17/2028 3133EPQDO 7/31/2023 4.280 1,000,000.00 998,655.69 999,083.22 1,005,670.00 7/17/2028 1,235 4,840.28 0.37 FFCB 4.25 8/7/2028 3133EPSK2 8/18/2023 4.467 1,000,000.00 990,400.00 993,353.02 1,006,950.00 8/7/2028 1,256 2,479.17 0.37 FFCB 4.375 4/10/2029 3133ERAK7 4/23/2024 4.701 1,000,000.00 985,690.00 988,132.39 1,011,530.00 4/10/2029 1,502 16,770.83 0.37 FFCB 4.625 11/13/2028 3133EPC45 11/13/2023 4.630 1,000,000.00 999,770.00 999,829.45 1,019,490.00 11/13/2028 1,354 13,489.58 0.37 FHLB 0.375 12/12/2025 3130AKFA9 12/7/2020 0.480 500,000.00 497,400.00 499,592.13 485,500.00 12/12/2025 287 395.83 0.18 FHLB 0.5 6/13/2025 3130AJKW8 6/3/2020 0.506 500,000.00 499,850.00 499,991.38 494,700.00 6/13/2025 105 520.83 0.18 FHLB 0.51 1/14/2026-22 3130AKMZ6 1/14/2021 0.510 500,000.00 500,000.00 500,000.00 484,350.00 1/14/2026 320 311.67 0.18 FHLB 0.55 1/29/2026-21 313OAKN28 1/29/2021 0.550 500,000.00 500,000.00 500,000.00 483,785.00 1/29/2026 335 221.53 0.18 FHLB 0.68 6/30/2025-21 3130AJRP6 6/30/2020 0.680 300,000.00 300,000.00 300,000.00 296,382.00 6/30/2025 122 328.67 0.11 FHLB 0.75 6/12/2026 3130AMFS6 6/17/2021 0.885 1,000,000.00 993,420.00 998,301.82 958,890.00 6/12/2026 469 1,583.33 0.37 FHLB 0.95 10/13/2026-23 3130APB46 10/13/2021 0.986 1,000,000.00 998,250.00 999,431.91 950,950.00 10/13/2026 592 3,562.50 0.37 FHLB 1 9/30/2026-22 3130APBM6 9/30/2021 1.021 1,000,000.00 999,000.00 999,682.60 952,860.00 9/30/2026 579 4,111.11 0.37 FHLB 1.25 12/21/2026 313OAQF65 12/22/2021 1.255 1,000,000.00 999,750.00 999,909.34 952,500.00 12/21/2026 661 2,326.39 0.37 FHLB 1.5 1/27/2027-23 3130AQJR5 1/27/2022 1.500 1,000,000.00 1,000,000.00 1,000,000.00 952,290.00 1/27/2027 698 1,291.67 0.37 FHLB 1.832/10/2027-23 3130AQSA2 2/10/2022 1.830 1,000,000.00 1,000,000.00 1,000,000.00 957,580.00 2/10/2027 712 915.00 0.37 FHLB 2.5 10/14/2025-23 3130ARGJ4 4/14/2022 2.500 500,000.00 500,000.00 500,000.00 494,795.00 10/14/2025 228 4,652.78 0.18 FHLB 2.7 4/19/2027-24 3130ARGY1 4/19/2022 2.700 1,000,000.00 1,000,000.00 1,000,000.00 972,740.00 4/19/2027 780 9,675.00 0.37 FHLB 3.3 6/28/2027-24 3130ASDV8 6/28/2022 3.300 300,000.00 300,000.00 300,000.00 295,143.00 6/28/2027 850 1,650.00 0.11 FHLB 4 10/5/2029-27 31301335F6 10/8/2024 4.000 1,000,000.00 1,000,000.00 1,000,000.00 985,370.00 10/5/2029 1,680 15,555.56 0.37 FHLB 4.125 9/14/2029 3130ATHX8 10/31/2024 4.125 1,000,000.00 1,000,000.00 1,000,000.00 1,001,140.00 9/14/2029 1,659 18,791.67 0.37 FHLB 4.3 10/23/2029-26 3130133ES8 10/30/2024 4.351 1,000,000.00 997,750.00 997,898.08 996,650.00 10/23/2029 1,698 14,930.56 0.37 FHLB 4.45 2/12/2029-27 3130AYXU5 2/15/2024 4.450 2,000,000.00 2,000,000.00 2,000,000.00 2,003,120.00 2/12/2029 1,445 3,955.56 0.73 FHLB 4.5 12/10/2029-26 31301346Y2 12/31/2024 4.500 1,000,000.00 1,000,000.00 1,000,000.00 1,005,030.00 12/10/2029 1,746 8,875.00 0.37 FHLB 4.5 2/18/2028-26 3130134YH8 2/26/2025 4.500 1,000,000.00 1,000,000.00 1,000,000.00 1,000,410.00 2/18/2028 1,085 1,250.00 0.37 FHLB 4.65 1/14/2030-28 3130134LS8 1/14/2025 4.650 1,000,000.00 1,000,000.00 1,000,000.00 1,008,480.00 1/14/2030 1,781 5,683.33 0.37 FHLB 4.75 9/8/2028 3130AXEL8 10/3/2023 4.762 1,000,000.00 999,500.00 999,642.33 1,023,880.00 9/8/2028 1,288 22,430.56 0.37 FHLB 5 2/15/2029-25 3130AYYJ9 2/15/2024 5.000 1,000,000.00 1,000,000.00 1,000,000.00 1,000,780.00 2/15/2029 1,448 1,805.56 0.37 FHLB 5.04 4/23/2029-27 313013141-8 4/25/2024 5.040 900,000.00 900,000.00 900,000.00 905,238.00 4/23/2029 1,515 15,750.00 0.33 FHLB Step 11/24/2026-22 3130APTV7 11/24/2021 1.489 500,000.00 499,500.00 499,826.29 482,665.00 11/24/2026 634 2,611.11 0.18 FHLB Step 3/30/2026 3130ALV92 3/30/2021 0.938 500,000.00 500,000.00 500,000.00 483,815.00 3/30/2026 395 2,158.33 0.18 FHLMC 0.375 7/21/2025 3137EAEU9 12/7/2020 0.434 1,000,000.00 997,300.00 999,769.45 984,850.00 7/21/2025 143 385.42 0.37 FHLMC 0.375 7/21/2025 3137EAEU9 1/5/2022 1.120 500,000.00 487,090.00 498,562.18 492,425.00 7/21/2025 143 192.71 0.18 FHLMC 0.375 9/23/2025 3137EAEX3 2/23/2021 0.552 500,000.00 495,999.50 499,502.97 489,230.00 9/23/2025 207 807.29 0.18 FHLMC 0.375 9/23/2025 3137EAEX3 3/30/2021 0.740 1,000,000.00 983,940.00 997,958.90 978,460.00 9/23/2025 207 1,614.58 0.37 FHLMC 0.55 12/30/2025 3134GXGZ1 12/30/2020 0.550 500,000.00 500,000.00 500,000.00 485,470.00 12/30/2025 305 443.06 0.18 FHLMC 0.625 5/27/2025 3134GVYG7 5/27/2020 0.625 1,000,000.00 1,000,000.00 1,000,000.00 991,420.00 5/27/2025 88 1,579.86 0.37 172 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio FHLMC 0.65 10/27/2025-21 3134GW5R3 1/5/2022 1.232 400,000.00 391,360.00 398,500.13 390,600.00 10/27/2025 241 873.89 0.15 FHLMC 0.7 12/30/2026-21 3134GWUQ7 2/10/2022 1.870 1,000,000.00 945,570.00 979,546.20 940,550.00 12/30/2026 670 2,877.78 0.37 FHLMC 0.8 10/28/2026-21 3134GW6C5 1/5/2022 1.404 500,000.00 486,000.00 495,158.20 473,705.00 10/28/2026 607 1,333.33 0.18 FHLMC 5.6 4/17/2029-25 3134H1D26 4/24/2024 5.611 1,000,000.00 999,500.00 999,584.77 1,001,640.00 4/17/2029 1,509 20,377.78 0.37 FNMA 0.5 11/7/2025 3135G06G3 12/7/2021 1.120 1,000,000.00 976,300.00 995,828.53 975,290.00 11/7/2025 252 1,541.67 0.37 FNMA 0.5 11/7/2025 3135G06G3 8/29/2024 4.170 1,000,000.00 957,850.00 975,478.15 975,290.00 11/7/2025 252 1,541.67 0.37 FNMA 0.5 8/14/2025-23 3135G05S8 8/14/2020 0.500 500,000.00 500,000.00 500,000.00 491,400.00 8/14/2025 167 97.22 0.18 FNMA 0.52 8/18/2025 3136G4M75 8/28/2020 0.530 500,000.00 499,750.00 499,976.38 491,400.00 8/18/2025 171 72.22 0.18 FNMA 0.5611/17/2025-22 3135GA2Z3 11/17/2020 0.591 500,000.00 499,250.00 499,892.44 487,285.00 11/17/2025 262 785.56 0.18 FNMA 0.568/21/2025-23 3136G4N74 8/21/2020 0.560 1,000,000.00 1,000,000.00 1,000,000.00 982,420.00 8/21/2025 174 108.89 0.37 FNMA 0.6 12/23/2025-21 3135GA7D7 12/23/2020 0.600 500,000.00 500,000.00 500,000.00 485,815.00 12/23/2025 298 541.67 0.18 FNMA 0.625 4/22/2025 3135G03U5 1/28/2022 1.400 500,000.00 487,790.00 499,443.57 497,465.00 4/22/2025 53 1,093.75 0.18 FNMA4.755/15/2029-25 3135GAS36 5/15/2024 4.912 1,000,000.00 992,900.00 994,016.28 999,170.00 5/15/2029 1,537 13,590.28 0.37 FNMA 5.053/26/2026-25 3135GAQR5 4/24/2024 5.103 1,000,000.00 999,000.00 999,439.31 999,400.00 3/26/2026 391 21,322.22 0.37 FNMA 5.254/2/2027-25 3135GAQZ7 4/24/2024 5.283 1,000,000.00 999,100.00 999,358.60 1,000,440.00 4/2/2027 763 21,291.67 0.37 FNMA 5.54/22/2027-25 3135GARK9 4/24/2024 5.500 1,000,000.00 1,000,000.00 1,000,000.00 1,000,840.00 4/22/2027 783 19,250.00 0.37 Sub Total / Average US Agency 2.970 59,400,000.00 59,107,009.74 59,275,667.30 58,571,188.00 907 414,684.27 21.71 US Treasury T-Note 0.25 10/31/2025 91282CAT8 3/30/2021 0.750 1,000,000.00 977,500.00 996,722.39 974,220.00 10/31/2025 245 828.73 0.37 T-Note 0.375 1/31/2026 91282CBH3 2/23/2021 0.577 500,000.00 495,100.00 499,086.35 483,085.00 1/31/2026 337 145.03 0.18 T-Note 0.375 11/30/2025 91282CAZ4 4/22/2021 0.720 500,000.00 492,187.50 498,723.45 486,055.00 11/30/2025 275 463.60 0.18 T-Note 0.375 12/31/2025 91282CBC4 1/7/2021 0.431 500,000.00 498,632.81 499,770.63 484,725.00 12/31/2025 306 305.59 0.18 T-Note 0.5 2/28/2026 91282CBQ3 5/28/2021 0.750 500,000.00 494,165.00 498,776.53 482,375.00 2/28/2026 365 0.00 0.18 T-Note 0.5 2/28/2026 91282CBQ3 3/23/2022 2.353 750,000.00 698,025.00 736,834.45 723,562.50 2/28/2026 365 0.00 0.27 T-Note 0.625 7/31/2026 91282CCP4 9/29/2021 0.970 1,000,000.00 983,750.00 995,240.08 953,480.00 7/31/2026 518 483.43 0.37 T-Note 0.75 3/31/2026 91282CBT7 5/28/2021 0.770 500,000.00 499,525.00 499,893.61 482,420.00 3/31/2026 396 1,555.63 0.18 T-Note 0.75 3/31/2026 91282CBT7 6/17/2021 0.816 500,000.00 498,450.00 499,649.54 482,420.00 3/31/2026 396 1,555.63 0.18 T-Note 0.75 5/31/2026 91282CCF6 6/1/2021 0.810 1,000,000.00 997,060.00 999,265.00 960,000.00 5/31/2026 457 1,854.40 0.37 T-Note 0.75 5/31/2026 91282CCF6 6/17/2021 0.870 500,000.00 497,095.00 499,267.32 480,000.00 5/31/2026 457 927.20 0.18 T-Note 0.75 8/31/2026 91282CCW9 9/29/2021 0.990 1,000,000.00 988,500.00 996,491.09 952,700.00 8/31/2026 549 0.00 0.37 T-Note 0.75 8/31/2026 91282CCW9 3/22/2022 2.350 500,000.00 466,454.17 488,666.39 476,350.00 8/31/2026 549 0.00 0.18 T-Note 1.125 10/31/2026 91282CDG3 3/22/2022 2.350 500,000.00 473,396.82 490,373.54 476,895.00 10/31/2026 610 1,864.64 0.18 T-Note 1.5 1/31/2027 912828Z78 2/10/2022 1.781 1,000,000.00 986,700.00 994,863.20 954,300.00 1/31/2027 702 1,160.22 0.37 T-Note 1.875 7/31/2026 912828Y95 8/29/2024 3.876 1,000,000.00 963,281.25 972,866.89 970,430.00 7/31/2026 518 1,450.28 0.37 T-Note 2.25 8/15/2027 9128282RO 11/18/2022 3.950 1,000,000.00 927,110.00 962,186.47 960,040.00 8/15/2027 898 808.01 0.37 T-Note 2.375 4/30/2026 9128286S4 3/23/2022 2.400 1,000,000.00 999,010.00 999,719.13 980,630.00 4/30/2026 426 7,872.93 0.37 T-Note 2.375 5/15/2027 912828X88 6/7/2022 3.041 1,000,000.00 969,687.50 986,458.62 966,090.00 5/15/2027 806 6,888.81 0.37 T-Note 2.5 3/31/2027 91282CEF4 5/3/2022 3.010 1,000,000.00 976,860.00 990,186.16 970,820.00 3/31/2027 761 10,370.88 0.37 173 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio T-Note 2.625 2/15/2029 9128286131 2/15/2024 4.286 1,000,000.00 925,976.56 941,340.68 950,000.00 2/15/2029 1,448 942.68 0.37 T-Note 2.625 5/31/2027 91282CET4 6/8/2022 2.980 500,000.00 491,842.18 496,311.48 485,470.00 5/31/2027 822 3,245.19 0.18 T-Note 2.625 5/31/2027 91282CET4 8/29/2024 3.720 1,000,000.00 971,555.99 976,735.35 970,940.00 5/31/2027 822 6,490.38 0.37 T-Note 2.75 4/30/2027 91282CEN7 6/8/2022 2.971 500,000.00 495,000.00 497,788.35 487,285.00 4/30/2027 791 4,558.01 0.18 T-Note 2.75 7/31/2027 91282CFB2 8/15/2022 2.980 1,000,000.00 989,460.00 994,863.93 971,950.00 7/31/2027 883 2,127.07 0.37 T-Note 2.75 7/31/2027 91282CFB2 8/29/2022 3.200 1,000,000.00 979,645.67 990,004.17 971,950.00 7/31/2027 883 2,127.07 0.37 T-Note 2.875 4/30/2029 91282CEM9 4/30/2024 4.658 1,000,000.00 921,300.00 934,402.30 957,030.00 4/30/2029 1,522 9,530.39 0.37 T-Note 3.125 11/15/2028 9128285M8 12/29/2023 3.880 1,000,000.00 966,718.75 974,693.55 970,310.00 11/15/2028 1,356 9,064.23 0.37 T-Note 3.125 8/31/2027 91282CFH9 1/24/2023 3.640 500,000.00 489,175.00 494,113.62 489,920.00 8/31/2027 914 0.00 0.18 T-Note 3.25 6/30/2027 91282CEW7 2/15/2023 4.075 1,000,000.00 967,220.00 982,510.48 984,260.00 6/30/2027 852 5,296.96 0.37 T-Note 3.5 1/31/2028 91282CGH8 2/2/2023 3.580 1,000,000.00 996,369.14 997,876.85 986,990.00 1/31/2028 1,067 2,707.18 0.37 T-Note 3.5 1/31/2028 91282CGH8 8/29/2024 3.680 1,000,000.00 994,257.81 995,098.47 986,990.00 1/31/2028 1,067 2,707.18 0.37 T-Note 3.5 1/31/2030 91282CGJ4 1/13/2025 4.531 1,000,000.00 953,900.00 955,050.00 976,910.00 1/31/2030 1,798 2,707.18 0.37 T-Note 3.5 4/30/2028 91282CHA2 5/31/2023 3.837 1,000,000.00 985,000.00 990,339.83 985,660.00 4/30/2028 1,157 11,602.21 0.37 T-Note 3.5 4/30/2028 91282CHA2 7/19/2024 4.145 1,000,000.00 977,600.00 981,233.31 985,660.00 4/30/2028 1,157 11,602.21 0.37 T-Note 3.5 9/30/2029 91282CLN9 9/30/2024 3.510 1,000,000.00 999,530.00 999,568.87 978,750.00 9/30/2029 1,675 14,519.23 0.37 T-Note 3.625 3/31/2028 91282CGT2 5/31/2023 3.853 1,000,000.00 990,000.00 993,620.40 989,880.00 3/31/2028 1,127 15,037.77 0.37 T-Note 3.625 3/31/2028 91282CGT2 6/15/2023 3.980 1,000,000.00 984,600.00 990,091.20 989,880.00 3/31/2028 1,127 15,037.77 0.37 T-Note 3.625 3/31/2028 91282CGT2 10/19/2023 4.910 1,000,000.00 949,180.00 964,763.97 989,880.00 3/31/2028 1,127 15,037.77 0.37 T-Note 3.625 8/31/2029 91282CLK5 9/3/2024 3.627 2,000,000.00 1,999,843.75 1,999,859.01 1,969,060.00 8/31/2029 1,645 0.00 0.73 T-Note 3.75 12/31/2028 91282CJR3 1/2/2024 3.815 1,000,000.00 997,067.49 997,747.19 991,060.00 12/31/2028 1,402 6,111.88 0.37 T-Note 3.75 12/31/2028 91282CJR3 6/12/2024 4.480 1,000,000.00 970,230.00 974,902.26 991,060.00 12/31/2028 1,402 6,111.88 0.37 T-Note 3.875 11/30/2029 91282CFY2 11/21/2024 4.271 1,000,000.00 982,265.63 983,222.42 993,910.00 11/30/2029 1,736 9,581.04 0.37 T-Note 3.875 9/30/2029 91282CFLO 10/8/2024 3.875 1,000,000.00 1,000,000.00 1,000,000.00 994,140.00 9/30/2029 1,675 16,074.86 0.37 T-Note 4 1/15/2027 91282CJT9 1/31/2024 4.115 1,000,000.00 996,813.45 997,977.03 999,880.00 1/15/2027 686 4,861.88 0.37 T-Note 4 10/31/2029 91282CFT3 10/31/2024 4.110 1,000,000.00 995,070.00 995,393.99 999,140.00 10/31/2029 1,706 13,259.67 0.37 T-Note 4 2/28/2030 91282CGQ8 2/26/2025 4.140 2,000,000.00 1,987,440.00 1,987,453.74 1,999,680.00 2/28/2030 1,826 0.00 0.73 T-Note 4 7/31/2029 91282CLC3 7/31/2024 4.134 1,000,000.00 994,000.00 994,696.60 999,770.00 7/31/2029 1,614 3,093.92 0.37 T-Note 4.125 10/31/2027 91282CFUO 11/6/2023 4.524 750,000.00 739,200.00 742,765.34 752,812.50 10/31/2027 975 10,255.52 0.27 T-Note 4.125 10/31/2027 91282CFUO 5/31/2024 4.675 1,000,000.00 982,790.00 986,554.69 1,003,750.00 10/31/2027 975 13,674.03 0.37 T-Note 4.125 11/30/2029 91282CMA6 12/2/2024 4.180 1,000,000.00 997,539.06 997,657.79 1,005,160.00 11/30/2029 1,736 10,199.18 0.37 T-Note 4.125 3/31/2029 91282CKG5 4/1/2024 4.210 1,000,000.00 996,200.00 996,893.37 1,004,380.00 3/31/2029 1,492 17,111.95 0.37 T-Note 4.125 6/15/2026 91282CHH7 2/26/2025 4.091 1,000,000.00 1,000,380.00 1,000,378.40 1,000,860.00 6/15/2026 472 8,499.31 0.37 T-Note 4.125 9/30/2027 91282CFM8 7/30/2024 4.150 1,000,000.00 999,210.00 999,355.44 1,003,910.00 9/30/2027 944 17,111.95 0.37 T-Note 4.25 1/31/2026 91282CJV4 1/31/2024 4.330 1,000,000.00 998,482.98 999,301.76 1,000,560.00 1/31/2026 337 3,287.29 0.37 T-Note 4.25 1/31/2030 91282CMG3 1/31/2025 4.330 1,000,000.00 996,437.79 996,492.41 1,010,470.00 1/31/2030 1,798 3,287.29 0.37 T-Note 4.25 6/30/2029 91282CKX8 7/1/2024 4.290 2,000,000.00 1,996,433.38 1,996,906.32 2,018,820.00 6/30/2029 1,583 13,853.59 0.73 T-Note 4.375 12/31/2029 91282CMDO 12/31/2024 4.425 1,500,000.00 1,496,700.00 1,496,806.63 1,523,445.00 12/31/2029 1,767 10,695.79 0.55 T-Note 4.5 5/31/2029 91282CKT7 5/31/2024 4.540 2,000,000.00 1,996,484.38 1,997,009.99 2,038,120.00 5/31/2029 1,553 22,252.75 0.73 174 Settlement YTM @ Face Maturity Days To Accrued % of Description CUSIP/Ticker Date Cost Amount/Shares Cost Value Book Value Market Value Date Maturity Interest Portfolio Sub Total / Average US 3.470 57,000,000.00 56,033,409.06 56,396,822.03 56,110,300.00 1,104 362,199.27 20.84 Treasury Total/Average 3.756 273,549,666.57 272,263,252.87 272,806,306.29 271,655,012.62 572 2,286,771.93 100 175 ta Qa�tra CALIFORNIA City of La Quinta Investment Portfolio Quarterly Investment Report March 31, 2025 COMPLIANCE I I 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. Portfolio Name Face Amount/Shares Market Value Book Value % of Portfolio YTM @ Cost Days To Maturity CAMP 57,897,834.97 57,897,834.97 57,897,834.97 20.94 4.83 38 CERBT OPEB Trust 2,105,421.11 2,105,421.11 2,105,421.11 0.76 -1.83 1 Fiscal Agent - Debt Service 22,688.08 22,688.08 22,688.08 0.01 3.81 1 Fixed Income Investments 162,466,000.00 160,973,400.29 161,721,023.81 58.49 3.35 967 Housing Authority - LQPR 221,760.61 221,760.61 221,760.61 0.08 0.00 1 Housing Authority - DPME 1,227,897.27 1,227,897.27 1,227,897.27 0.44 0.00 1 Housing Authority - LAIF 2,202,965.73 2,204,836.47 2,202,965.73 0.80 4.31 1 LAIF 20,561,645.26 20,579,106.02 20,561,645.26 7.44 4.31 1 Money Market at Custodian 4,606,657.66 4,606,657.66 4,606,657.66 1.67 4.21 1 Operating Funds 20,005,321.03 20,005,321.03 20,005,321.03 7.23 4.21 1 PARS Pension Trust 5,934,739.51 5,934,739.51 5,934,739.51 2.15 -1.33 1 Total / Average 277,252,931.23 275,779,663.02 276,507,955.04 100.00 3.66 574 5/27/2025 Claudia Martinez, Finance Director/City Treasurer Date 176 City of La Quinta I CA Portfolio Holdings Investment Portfolio I by Security Sector Report Format: By Transaction Group By: Security Sector Average By: Face Amount / Shares Portfolio / Report Group: All Portfolios As of 3/31 /2025 Settlement YTM @ Face Maturity Days To Accrued % of Description CUSIP/Ticker Date Cost Amount/Shares Cost Value Book Value Market Value Date Maturity Interest Portfolio Cash BMO Bank I LQ Palms Realty Cash LQPR1935 3/31/2024 0.000 221,760.61 221,760.61 221,760.61 221,760.61 N/A 1 0.08 BMO Suntrust I Dune Palms Cash DPME4741-3599 3/31/2024 0.000 1,227,897.27 1,227,897.27 1,227,897.27 1,227,897.27 N/A 1 0.44 City of La Quinta Cash PETTYCASH 3/31/2024 0.000 3,300.00 3,300.00 3,300.00 3,300.00 N/A 1 0.00 Sub Total / Average Cash 0.000 1,452,957.88 1,452,957.88 1,452,957.88 1,452,957.88 1 0.00 0.52 Certificate Of Deposit Advantage Credit Union IA 00790UAE7 7/31/2024 4.450 249,000.00 249,000.00 249,000.00 251,554.74 7/31/2028 1,218 0.00 0.09 4.45 7/31 /2028 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 3/17/2023 4.900 248,000.00 248,000.00 248,000.00 253,364.24 3/17/2028 1,082 466.10 0.09 Alabama Credit Union 5 01025RAG4 6/20/2023 5.000 248,000.00 248,000.00 248,000.00 250,725.52 6/22/2026 448 373.70 0.09 6/22/2026 All In FCU AL 4.4 12/20/2027 01664MAB2 12/20/2022 4.400 248,000.00 248,000.00 248,000.00 249,825.28 12/20/2027 994 328.85 0.09 12/30/2027 /3 t Credit Union IL 5 12 01882MAC6 12/30/2022 5.000 247,000.00 247,000.00 247,000.00 252,673.59 12/30/2027 1,004 33.84 0.09 Ally Bank UT 2.55 4/21/2025 02007GPX5 4/21/2022 2.550 245,000.00 245,000.00 245,000.00 244,715.80 4/21/2025 21 2,755.75 0.09 Altaone FCU CA4.45 02157RAA5 7/19/2024 4.450 249,000.00 249,000.00 249,000.00 252,219.57 7/19/2029 1,571 910.73 0.09 7/19/2029 Amerant Bank, NA FL 1.6 02357QAQ0 2/14/2022 1.600 245,000.00 245,000.00 245,000.00 234,117.10 2/16/2027 687 483.29 0.09 2/16/2027 American Express Nat'l Bank 3.45 7/27/2027 02589ADH2 8/29/2022 3.450 245,000.00 245,000.00 245,000.00 241,503.85 7/27/2027 848 1,458.92 0.09 Austin Telco FCU TX 3.8 052392BT3 9/21/2022 3.800 248,000.00 248,000.00 248,000.00 246,231.76 9/21/2027 904 774.58 0.09 9/21 /2027 Balboa Thrift & Loan 4.4 05765LBU0 7/19/2023 4.400 248,000.00 248,000.00 248,000.00 256,546.08 7/19/2028 1,206 358.75 0.09 7/19/2028 Ballston Spa Nat'l Bank NY 4.8 11 /24/2026 058723AQ0 5/24/2024 4.800 248,000.00 248,000.00 248,000.00 250,812.32 11/24/2026 603 228.30 0.09 Bank Five Nine WI 4.25 5/12/2028 062119BT8 5/12/2023 4.250 248,000.00 248,000.00 248,000.00 248,912.64 5/12/2028 1,138 548.66 0.09 Bank of America 5.2 12/8/2025 06051XEF5 6/6/2024 5.200 243,000.00 243,000.00 243,000.00 244,683.99 12/8/2025 252 3,981.21 0.09 177 Settlement YTM @ Face Maturity Days To Accrued % of Description CUSIP/Ticker Date Cost Amount/Shares Cost Value Book Value Market Value Date Maturity Interest Portfolio Bank of the Sierra CA 4.6 064860MC0 3/15/2023 4.600 244,000.00 244,000.00 244,000.00 246,247.24 3/15/2027 714 492.01 0.09 3/15/2027 Bankers Bank WI 4.15 5/24/2028 06610RCA5 5/24/2023 4.150 248,000.00 248,000.00 248,000.00 248,190.96 5/24/2028 1,150 197.38 0.09 BankFirst Norfolk NE 4.5 06644QAC5 6/21/2024 4.500 248,000.00 248,000.00 248,000.00 251,618.32 6/21/2029 1,543 305.75 0.09 6/21 /2029 Baxter Credit Union IL 4.35 8/22/2028 07181JBH6 8/22/2024 4.350 248,000.00 248,000.00 248,000.00 249,773.20 8/22/2028 1,240 266.01 0.09 Beal Bank TX 1.9 2/17/2027 07371AYE7 2/23/2022 1.900 245,000.00 245,000.00 245,000.00 235,427.85 2/17/2027 688 459.12 0.09 Beal Bank USA NV 1.9 2/17/2027 073710E88 2/23/2022 1.900 245,000.00 245,000.00 245,000.00 235,427.85 2/17/2027 688 459.12 0.09 Blue Ridge Bank, NA VA 4.2 09582YAF9 2/28/2023 4.200 244,000.00 244,000.00 244,000.00 244,517.28 2/28/2028 1,064 870.38 0.09 2/28/2028 BNY Mellon, NA PA4.5 05584CJJ6 9/7/2023 4.500 244,000.00 244,000.00 244,000.00 246,823.08 9/7/2028 1,256 721.97 0.09 9/7/2028 Bridgewater Bank MN 4.85 3/29/2027 108622NJ6 3/29/2023 4.850 248,000.00 248,000.00 248,000.00 251,623.28 3/29/2027 728 65.91 0.09 California Credit Union CA 130162BL3 12/28/2023 5.100 244,000.00 244,000.00 244,000.00 244,456.28 6/30/2025 91 3,170.66 0.09 5.1 6/30/2025 Capital One NAf/k/a Capital 14042TDD6 4/8/2020 1.600 245,000.00 245,000.00 245,000.00 244,830.95 4/8/2025 8 1,868.71 0.09 One USA 1.6 4/8/2025 Capital One, NA 1.1 11 /17/2026 14042RQB0 11/17/2021 1.100 248,000.00 248,000.00 248,000.00 236,445.68 11/17/2026 596 1,001.51 0.09 Carter Bank & Trust 4.55 146102AS7 7/5/2024 4.550 248,000.00 248,000.00 248,000.00 252,131.68 7/5/2029 1,557 803.79 0.09 7/5/2029 Carter LA 0.75 26 4/27/2026 14622LAA0 4/27/2021 0.750 248,000.00 248,000.00 248,000.00 239,850.72 4/27/2026 392 20.38 0.09 Celtic Bank UT 3.65 9/26/2029 15118RR33 9/26/2024 3.650 248,000.00 248,000.00 248,000.00 243,206.16 9/26/2029 1,640 124.00 0.09 Central Bank AK45/12/2028 152577BN1 5/12/2023 4.000 248,000.00 248,000.00 248,000.00 247,102.24 5/12/2028 1,138 516.38 0.09 cfsbank PA4.7 11/30/2027 12526AAM9 5/30/2024 4.700 244,000.00 244,000.00 244,000.00 247,577.04 11/30/2027 974 3,801.72 0.09 Chartway FCU VA 4.9 16141 BAC5 6/9/2023 4.900 248,000.00 248,000.00 248,000.00 250,328.72 6/9/2026 435 732.45 0.09 6/9/2026 Chippewa Valley Bank WI 169894AS1 6/24/2020 0.600 248,000.00 248,000.00 248,000.00 245,946.56 6/24/2025 85 28.54 0.09 0.6 6/24/2025 CIBC Bank USA IL 4.35 5/16/2028 12547CBJ6 5/16/2023 4.350 244,000.00 244,000.00 244,000.00 245,590.88 5/16/2028 1,142 3,925.73 0.09 Comenity Capital Bank UT 20033A3A2 4/14/2022 2.650 248,000.00 248,000.00 248,000.00 241,048.56 4/14/2027 744 306.09 0.09 2.65 4/14/2027 ConnectOne Bank NJ 0.8 24/20 9/24/2026 20786ADL6 9/24/2021 0.800 248,000.00 248,000.00 248,000.00 236,306.80 9/24/2026 542 38.05 0.09 Connexus Credit Union WI 20825WAR1 12/23/2021 1.250 249,000.00 249,000.00 249,000.00 237,264.63 12/23/2026 632 0.00 0.09 1.25 12/23/2026 Cornerstone Comm. FCU 21923MAB7 9/30/2024 3.700 248,000.00 248,000.00 248,000.00 243,722.00 10/1/2029 1,645 25.14 0.09 NY 3.7 10/1/2029 County Schools FCU CA 4.4 9/30/2027 22258JAB7 9/30/2022 4.400 248,000.00 248,000.00 248,000.00 249,733.52 9/30/2027 913 29.90 0.09 178 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued % of Interest Portfolio Covantage Credit Union WI 22282XAD2 8/6/2024 4.200 247,000.00 247,000.00 247,000.00 247,691.60 8/7/2028 1,225 1,506.36 0.09 4.2 8/7/2028 Cross River Bank NJ 4.5 4/26/2027 227563GC1 4/26/2024 4.500 244,000.00 244,000.00 244,000.00 245,934.92 4/26/2027 756 4,692.82 0.09 Customers Bank PA 4.5 23204HPB8 6/14/2023 4.500 244,000.00 244,000.00 244,000.00 246,686.44 6/14/2028 1,171 3,218.79 0.09 6/14/2028 Cy -Fair FCU TX 4.5 5/12/2028 23248UAB3 5/12/2023 4.500 248,000.00 248,000.00 248,000.00 250,720.56 5/12/2028 1,138 580.93 0.09 Direct FCU MA4.8 11 /8/2027 25460FDW3 11/7/2022 4.800 248,000.00 248,000.00 248,000.00 252,253.20 11/8/2027 952 782.73 0.09 Discover Bank 3.1 5/27/2025 254673E69 5/24/2022 3.100 245,000.00 245,000.00 245,000.00 244,532.05 5/27/2025 57 2,642.64 0.09 Dort Financial Credit Union 25844MAK4 12/16/2022 4.500 247,000.00 247,000.00 247,000.00 249,514.46 12/16/2027 990 2,710.23 0.09 MI 4.5 12/16/2027 Eaglemark Savings Bank NV 27004PCM3 3/2/2022 2.000 245,000.00 245,000.00 245,000.00 235,574.85 3/2/2027 701 389.32 0.09 2 3/2/2027 Empower FCU NY 5.25 11 /15/2028 291916AJ3 11/15/2023 5.250 247,000.00 247,000.00 247,000.00 256,378.59 11/15/2028 1,325 746.08 0.09 Enterprise Bank PA4.6 29367RND4 6/7/2024 4.600 248,000.00 248,000.00 248,000.00 252,538.40 6/7/2029 1,529 750.12 0.09 6/7/2029 FSB 0. 2 2/ f/26 TIAA FSB 0.5 2/12/2026 87270LDL4 2/12/2021 0.500 245,000.00 245,000.00 245,000.00 237,454.00 2/12/2026 318 157.74 0.09 Evergreen Bank Group IL 300185LM5 1/27/2023 3.850 248,000.00 248,000.00 248,000.00 247,238.64 7/27/2026 483 104.64 0.09 3.85 7/27/2026 Fahey Banking Company 4.2 303117DN2 2/28/2025 4.200 248,000.00 248,000.00 248,000.00 248,587.76 8/30/2027 882 85.61 0.09 8/30/2027 Farmers & Merchants Bank of Colby 4.4 7/5/2029 30781JBU3 7/5/2024 4.400 248,000.00 248,000.00 248,000.00 250,680.88 7/5/2029 1,557 777.29 0.09 Farmers & Merchants Bank 307811DF3 1/14/2022 0.900 249,000.00 249,000.00 249,000.00 246,567.27 7/14/2025 105 104.38 0.09 WI0.9 7/14/2025 Farmers Insurance Group FCU 5.4 7/28/2025 30960QAR8 7/26/2023 5.400 248,000.00 248,000.00 248,000.00 248,865.52 7/28/2025 119 183.45 0.09 Fidelity Bank LA 0.7 4/30/2026 31617CAV5 4/30/2021 0.700 248,000.00 248,000.00 248,000.00 239,131.52 4/30/2026 395 0.00 0.09 Fieldpoint Private B&T CT 4 31657FBA4 9/4/2024 4.000 248,000.00 248,000.00 248,000.00 247,697.44 9/4/2026 522 733.81 0.09 9/4/2026 First Bank Elk River MN 4.4 6/30/2028 31911KAK4 6/30/2023 4.400 248,000.00 248,000.00 248,000.00 254,795.20 6/30/2028 1,187 29.90 0.09 First Bank NJ 4.45 12/26/2025 319137CB9 12/28/2023 4.450 244,000.00 244,000.00 244,000.00 244,490.44 12/26/2025 270 2,766.56 0.09 First Federal Savings IN 32021YEV1 2/9/2024 4.250 248,000.00 248,000.00 248,000.00 248,493.52 7/9/2026 465 635.29 0.09 4.25 7/9/2026 First Freedom Bank TN 1.2 4/29/2025 32027BALl 4/29/2020 1.200 249,000.00 249,000.00 249,000.00 248,372.52 4/29/2025 29 16.37 0.09 First Internet Bank of Indiana 32056GDJ6 5/11/2020 1.000 248,000.00 248,000.00 248,000.00 247,042.72 5/12/2025 42 135.89 0.09 1 5/12/2025 First Nat'l Bank of America MI 3.75 10/30/2028 3211OYQ24 10/30/2024 3.750 248,000.00 248,000.00 248,000.00 244,971.92 10/30/2028 1,309 25.48 0.09 First Nat'l Bank of McGregor 1.35 4/28/2025 32112UDR9 4/28/2020 1.350 248,000.00 248,000.00 248,000.00 247,424.64 4/28/2025 28 27.5279 1 0.09 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio First Service CU f/k/a SPCO 20 TX 4.35 1 /20/2028 78472EAB0 1/20/2023 4.350 249,000.00 249,000.00 249,000.00 250,536.33 1/20/2028 1,025 326.43 0.09 Flagstar Bank, NA NY 1.25 33847E3A3 4/30/2020 1.250 248,000.00 248,000.00 248,000.00 247,357.68 4/30/2025 30 1,290.96 0.09 4/30/2025 /30/20 Forbright Bank MD 4.6 34520LAT0 11/2/2022 4.600 248,000.00 248,000.00 248,000.00 250,985.92 11/2/2027 946 906.39 0.09 11 /2/2027 Four Points FCU 4.55 5/11 /2026 35089LAF0 5/10/2023 4.550 248,000.00 248,000.00 248,000.00 249,237.52 5/11/2026 406 649.22 0.09 Genesee Regional Bank NY 37173RAL7 12/27/2023 4.200 244,000.00 244,000.00 244,000.00 244,497.76 12/28/2026 637 2,639.21 0.09 4.2 12/28/2026 Global FCU f/k/a Alaska USA 011852AE0 3/8/2023 4.600 248,000.00 248,000.00 248,000.00 251,273.60 3/8/2028 1,073 718.86 0.09 AK 4.6 3/8/2028 Golden State Bank CA 4.45 6/22/2027 38120MCA2 6/22/2023 4.450 249,000.00 249,000.00 249,000.00 250,879.95 6/22/2027 813 273.22 0.09 Goldman Sachs Bank USA 1 38149MXK4 7/28/2021 1.000 248,000.00 248,000.00 248,000.00 237,968.40 7/28/2026 484 421.26 0.09 7/28/2026 Greenstate Credit Union IA 0.95 4/16/2026 39573LBC1 4/16/2021 0.950 249,000.00 249,000.00 249,000.00 241,036.98 4/16/2026 381 194.42 0.09 Healthcare Systems FCU VA 42228LAN1 10/27/2023 5.100 248,000.00 248,000.00 248,000.00 256,030.24 10/27/2028 1,306 138.61 0.09 5.1 10/27/2028 Ideal Credit Union MN 4.5 45157PAZ3 12/29/2022 4.500 248,000.00 248,000.00 248,000.00 250,502.32 12/29/2027 1,003 917.26 0.09 12/29/2027 Jeep Country FCU OH 4.7 6/29/2027 472312AA5 6/29/2023 4.700 248,000.00 248,000.00 248,000.00 251,211.60 6/29/2027 820 63.87 0.09 Knoxville TVA Employees Credit Union 4.85 8/25/202 499724AP7 8/25/2023 4.850 248,000.00 248,000.00 248,000.00 253,723.84 8/25/2028 1,243 988.60 0.09 Lafayette FCU MD 4.1 50625LCA9 3/28/2025 4.100 248,000.00 248,000.00 248,000.00 247,789.20 3/28/2029 1,458 83.57 0.09 3/28/2029 Latino Community Credit Union NC 4.5 12/21/2027 51828MAC8 12/21/2022 4.500 248,000.00 248,000.00 248,000.00 250,465.12 12/21/2027 995 305.75 0.09 Leader Bank, NA MA 2.55 52168UHY1 4/22/2022 2.550 245,000.00 245,000.00 245,000.00 244,703.55 4/22/2025 22 2,738.63 0.09 4/22/2025 Leaders Credit Union TN 5.1 10/30/2028 52171 MAM7 10/30/2023 5.100 248,000.00 248,000.00 248,000.00 256,107.12 10/30/2028 1,309 34.65 0.09 Legacy Bank &Trust Co. 52470QEC4 9/27/2023 4.500 248,000.00 248,000.00 248,000.00 251,028.08 9/27/2028 1,276 122.30 0.09 MO 4.5 9/27/2028 Legends Bank TN 3.75 52465JKL0 9/11/2024 3.750 248,000.00 248,000.00 248,000.00 245,028.96 9/11/2028 1,260 509.59 0.09 9/11 /2028 Liberty First Credit Union NE 4.5 2/22/2028 530520AH8 2/21/2023 4.500 248,000.00 248,000.00 248,000.00 250,546.96 2/22/2028 1,058 917.26 0.09 Maine Community Bank 3.75 560390DC7 8/30/2024 3.750 248,000.00 248,000.00 248,000.00 245,998.64 8/30/2027 882 25.48 0.09 8/30/2027 Maine Savings FCU 4.8 560507AQ8 7/21/2023 4.800 248,000.00 248,000.00 248,000.00 253,173.28 7/21/2028 1,208 326.14 0.09 7/21 /2028 Marathon Bank WI 1.8 3/16/2027 565819AG4 3/16/2022 1.800 248,000.00 248,000.00 248,000.00 237,348.40 3/16/2027 715 183.45 0.09 Marine FCU NC 4 8/31/2026 56824JBC7 8/30/2024 4.000 248,000.00 248,000.00 248,000.00 247,727.20 8/31/2026 518 27.18 0.09 Medallion Bank UT 4.85 58404DTP6 10/20/2023 4.850 248,000.00 248,000.00 248,000.00 258,205.20 10/20/2028 1,299 362.4�980 0.09 10/20/2028 Settlement YTM @ Face Maturity Days To Accrued % of Description CUSIP/Ticker Date Cost Amount/Shares Cost Value Book Value Market Value Date Maturity Interest Portfolio Merrick Bank UT 1.1 11 /9/2026 59013KPN0 11/9/2021 1.100 249,000.00 249,000.00 249,000.00 237,461.34 11/9/2026 588 165.09 0.09 Metro Credit Union MA 1.7 2/18/2027 59161YAP1 2/18/2022 1.700 249,000.00 249,000.00 249,000.00 238,230.75 2/18/2027 689 347.92 0.09 Mid Carolina Credit Union SC 4.85 3/13/2026 59524LAA4 3/13/2023 4.850 248,000.00 248,000.00 248,000.00 250,028.64 3/13/2026 347 593.16 0.09 Milestone Bk f/k/a LCA UT 1 6/26/2026 501798RP9 12/27/2021 1.000 248,000.00 248,000.00 248,000.00 238,838.88 6/26/2026 452 638.68 0.09 Minnwest Bank MN 4.25 60425SKB4 5/1/2023 4.250 248,000.00 248,000.00 248,000.00 248,798.56 5/3/2027 763 866.30 0.09 5/3/2027 Money One FCU MD 5 60936TAL3 9/14/2023 5.000 248,000.00 248,000.00 248,000.00 254,983.68 9/14/2028 1,263 577.53 0.09 9/14/2028 Morgan Stanley Bank, NA 4.25 3/5/2030 61690DT40 3/5/2025 4.250 244,000.00 244,000.00 244,000.00 245,283.44 3/5/2030 1,800 738.68 0.09 Morgan Stanley Private 61776NMT7 3/5/2025 4.250 244,000.00 244,000.00 244,000.00 245,283.44 3/5/2030 1,800 738.68 0.09 Bank 4.25 3/5/2030 Mountain American FCU 4.7 62384RAT3 4/28/2023 4.700 248,000.00 248,000.00 248,000.00 249,587.20 4/28/2026 393 958.03 0.09 4/28/2026 MVB Bank, Inc. WV 4.05 2/1 /2028 62847NEP7 8/1/2024 4.050 248,000.00 248,000.00 248,000.00 247,551.12 2/1/2028 1,037 825.53 0.09 Nelnet Bank UT 1.8 3/2/2026 64034KAZ4 3/2/2022 1.800 245,000.00 245,000.00 245,000.00 239,830.50 3/2/2026 336 350.38 0.09 Northpointe Bank MI 4.85 666613MK7 10/20/2023 4.850 248,000.00 248,000.00 248,000.00 253,944.56 10/20/2028 1,299 362.49 0.09 10/20/2028 Numerica CU 4.15 11 /26/2029 67054NBT9 11/26/2024 4.150 248,000.00 248,000.00 248,000.00 248,285.20 11/26/2029 1,701 140.99 0.09 Oregon Community Credit Union 4.85 6/7/2027 68584JAT6 6/7/2024 4.850 248,000.00 248,000.00 248,000.00 251,915.92 6/7/2027 798 790.88 0.09 Pacific Crest Savings Bank 69417ADA4 8/16/2024 3.900 248,000.00 248,000.00 248,000.00 245,790.32 8/16/2029 1,599 397.48 0.09 WA 3.9 8/16/2029 Parkside Financial B&T MO 70147AGA6 9/13/2024 3.750 248,000.00 248,000.00 248,000.00 245,026.48 9/13/2028 1,262 458.63 0.09 3.75 9/13/2028 Partners Bank of California 4.15 8/27/2027 70212YBY7 2/27/2025 4.150 244,000.00 244,000.00 244,000.00 244,263.52 8/27/2027 879 887.76 0.09 Pentagon FCU 0.7 9/2/2025 70962LAF9 9/1/2021 0.700 249,000.00 249,000.00 249,000.00 245,324.76 9/2/2025 155 143.26 0.09 Peoples Exchange Bank KY 71104AAS2 8/9/2024 4.150 248,000.00 248,000.00 248,000.00 248,280.24 8/9/2027 861 620.34 0.09 4.15 8/9/2027 Ponce Bank NY 3.5 9/15/2027 732329BD8 9/15/2022 3.500 248,000.00 248,000.00 248,000.00 244,510.64 9/15/2027 898 380.49 0.09 Prevail Bank WI 4.25 1 /24/2028 887171AB2 7/24/2024 4.250 249,000.00 249,000.00 249,000.00 249,878.97 1/24/2028 1,029 202.95 0.09 RiverWood Bank MN 3.85 76951 DBZ2 9/11/2024 3.850 248,000.00 248,000.00 248,000.00 246,906.32 3/11/2027 710 523.18 0.09 3/11 /2027 Rize FCU f/k/a SCE CA4.7 78413RAV9 6/20/2024 4.700 248,000.00 248,000.00 248,000.00 253,532.88 6/20/2029 1,542 351.28 0.09 6/20/2029 Rockland FCU MA4.6 12/22/2026 77357DAD0 12/22/2023 4.600 248,000.00 248,000.00 248,000.00 250,115.44 12/22/2026 631 281.29 0.09 Safra Nat'l Bank NY f/k/a/ 24773RCR4 3/9/2022 2.000 245,000.00 245,000.00 245,000.00 235,650.80 2/25/2027 696 295.34 0.09 Delta Nat'l 2 2 181 Description CUSIP/Ticker Sallie Mae Bank UT 1 795451AF0 7/28/2026 San Francisco FCU CA 4.35 79772FAG1 2/3/2028 Signature FCU VA 4.4 82671 DAB3 1 /31 /2028 Simmons Bank f/k/a Landmark Comm. 0.5 51507LCC6 1 /22/2026 SkyOne FCU CA 3.9 g3088XAR9 10/25/2028 SNB Bank, NA OK 4.1 78470MBS6 8/14/2028 Southern Bank GA 4.25 84229LBA9 1 /28/2026 Southern Bank MO 4.2 843383CS7 5/17/2028 Southern Bank of TN 4.35 84229QAC5 7/12/2029 Southern First Bank SC 4.7 84287PJH6 5/14/2025 Southern States Bank 4.15 g 43879GS0 9/21 /2026 St. Vincent's Medical Center g5279AAC6 FCU 4.6 6/16/2027 Stearns Bank, NA MN 4.2 857894Q51 8/9/2027 Sunwest Bank 3.55 86804DDG0 9/28/2029 Synchrony Bank 0.9 87165ET98 9/3/2026 Technology Credit Union CA 87868YAQ6 5 5/29/2026 Texas Exchange Bank 3.7 88241TSW1 9/6/2029 The Genoa Banking Co. 4.6 372348DJ8 11 /28/2028 The Greenwood's State 397417AQ9 Bank WI 3.05 5/17/2027 The Pitney Bowes Bank, Inc 724468AC7 UT 4.35 4/13/2028 Third Federal Savings & gg413QDN5 Loan 3.3 8/19/2027 Toyota Financial Savings 89235MKY6 Bank NV 0.9 4/22/2026 True Sky FCU 1.6 2/4/2027 89786MAF1 Truliant FCU NC 4.7 89789AAG2 9/10/2027 Tuscon FCU AZ 5 9/8/2028 898812AC6 Settlement YTM @ Face Maturity Days To Accrued % of Date Cost Amount/Shares Cost Value Book Value Market Value Date Maturity Interest Portfolio 7/28/2021 1.000 248,000.00 248,000.00 248,000.00 238,194.08 7/28/2026 484 421.26 0.09 2/3/2023 4.350 248,000.00 248,000.00 248,000.00 249,537.60 2/3/2028 1,039 827.57 0.09 1/31/2023 4.400 248,000.00 248,000.00 248,000.00 249,897.20 1/31/2028 1,036 0.00 0.09 1/22/2021 0.500 248,000.00 248,000.00 248,000.00 240,785.68 1/22/2026 297 30.58 0.09 10/25/2024 3.900 248,000.00 248,000.00 248,000.00 246,164.80 10/25/2028 1,304 158.99 0.09 8/14/2024 4.100 248,000.00 248,000.00 248,000.00 247,816.48 8/14/2028 1,232 473.58 0.09 10/28/2022 4.250 244,000.00 244,000.00 244,000.00 244,183.00 1/28/2026 303 4,375.29 0.09 5/17/2023 4.200 248,000.00 248,000.00 248,000.00 248,553.04 5/17/2028 1,143 399.52 0.09 7/12/2024 4.350 248,000.00 248,000.00 248,000.00 250,207.20 7/12/2029 1,564 561.57 0.09 2/14/2024 4.700 248,000.00 248,000.00 248,000.00 248,086.80 5/14/2025 44 542.88 0.09 3/21/2025 4.150 248,000.00 248,000.00 248,000.00 248,218.24 9/21/2026 539 281.97 0.09 6/16/2023 4.600 248,000.00 248,000.00 248,000.00 250,646.16 6/16/2027 807 468.82 0.09 8/8/2024 4.200 244,000.00 244,000.00 244,000.00 244,563.64 8/9/2027 861 1,431.91 0.09 9/30/2024 3.550 248,000.00 248,000.00 248,000.00 242,204.24 9/28/2029 1,642 24.12 0.09 9/3/2021 0.900 245,000.00 245,000.00 245,000.00 234,256.75 9/3/2026 521 181.23 0.09 5/30/2023 5.000 248,000.00 248,000.00 248,000.00 250,579.20 5/29/2026 424 1,019.18 0.09 9/6/2024 3.700 248,000.00 248,000.00 248,000.00 243,761.68 9/6/2029 1,620 628.49 0.09 11/28/2023 4.600 248,000.00 248,000.00 248,000.00 252,007.68 11/28/2028 1,338 93.76 0.09 5/17/2022 3.050 248,000.00 248,000.00 248,000.00 242,749.84 5/17/2027 777 290.13 0.09 4/14/2023 4.350 244,000.00 244,000.00 244,000.00 245,600.64 4/13/2028 1,109 4,885.35 0.09 8/19/2022 3.300 245,000.00 245,000.00 245,000.00 240,572.85 8/19/2027 871 886.03 0.09 4/22/2021 0.900 245,000.00 245,000.00 245,000.00 236,976.25 4/22/2026 387 966.58 0.09 2/4/2022 1.600 245,000.00 245,000.00 245,000.00 234,264.10 2/4/2027 675 590.68 0.09 3/10/2023 4.700 248,000.00 248,000.00 248,000.00 251,434.80 9/10/2027 893 670.62 0.09 9/8/2023 5.000 248,000.00 248,000.00 248,000.00 254,951.44 9/8/2028 1,257 781.3782 0.09 Settlement YTM @ Face Maturity Days To Accrued % of Description CUSIP/Ticker Date Cost Amount/Shares Cost Value Book Value Market Value Date Maturity Interest Portfolio UBS Bank USA UT 4.9 10/25/2028 90355GHG4 10/25/2023 4.900 248,000.00 248,000.00 248,000.00 254,376.08 10/25/2028 1,304 199.76 0.09 United Fidelity Bank, fsb IN 910286GN7 6/29/2023 4.500 248,000.00 248,000.00 248,000.00 255,477.20 6/29/2028 1,186 61.15 0.09 4.5 6/29/2028 United Roosevelt Savings 91139LAB2 3/11/2022 1.900 248,000.00 248,000.00 248,000.00 237,884.08 3/11/2027 710 258.19 0.09 Bank NJ 1.9 3/11/2027 United Teletech FCU NJ 5.1 11 /8/2027 913065AD0 11/8/2023 5.100 248,000.00 248,000.00 248,000.00 254,056.16 11/8/2027 952 797.00 0.09 University Bank MI 4.2 11 /30/2027 914098DJ4 11/30/2022 4.200 249,000.00 249,000.00 249,000.00 249,557.76 11/30/2027 974 28.65 0.09 University Credit Union Los Angeles 4 9/26/2025 914242AA0 9/26/2022 4.000 248,000.00 248,000.00 248,000.00 247,732.16 9/26/2025 179 135.89 0.09 Bank Trust Co. PA 4.35/ 4.3 5 5/12/2028t 8 91527PBY2 5/12/2023 4.350 248,000.00 248,000.00 248,000.00 249,634.32 5/12/2028 1,138 561.57 0.09 USAlliance Financial FCU 90352RDB8 5/26/2023 4.550 248,000.00 248,000.00 248,000.00 251,119.84 5/26/2028 1,152 154.58 0.09 NY 4.55 5/26/2028 Utah First FCU 5 7/21/2028 91739JAB1 7/21/2023 5.000 245,000.00 245,000.00 245,000.00 251,622.35 7/21/2028 1,208 335.62 0.09 Valley National Bank NJ 4.95 919853LV1 5/29/2024 4.950 244,000.00 244,000.00 244,000.00 246,342.40 5/29/2026 424 4,037.03 0.09 5/29/2026 Valleystar Credit Union VA 5.2 11 /8/2028 92023CAJ2 11/8/2023 5.200 247,000.00 247,000.00 247,000.00 255,887.06 11/8/2028 1,318 809.35 0.09 Vibrant Credit Union IL 0.8 92559TAJ7 7/2/2021 0.851 249,000.00 248,377.50 248,844.63 239,057.43 6/30/2026 456 163.73 0.09 6/30/2026 VisionBank MN 4.05 5/12/2028 92834ABT2 5/12/2023 4.050 248,000.00 248,000.00 248,000.00 247,464.32 5/12/2028 1,138 522.84 0.09 VyStar Credit Union FL4.55 92891CCZ3 3/10/2023 4.550 248,000.00 248,000.00 248,000.00 250,943.76 3/10/2028 1,075 927.45 0.09 3/10/2028 Washington Financial Bank 93883MBA5 5/31/2024 4.500 244,000.00 244,000.00 244,000.00 247,501.40 5/31/2029 1,522 3,639.95 0.09 PA 4.5 5/31 /2029 Western State Bank ND 1 5/13/2025 95960NKD8 5/13/2020 1.000 245,000.00 245,000.00 245,000.00 244,037.15 5/13/2025 43 926.30 0.09 Workers FCU MA 5.2 10/30/2028 98138MCA6 10/30/2023 5.200 248,000.00 248,000.00 248,000.00 256,932.96 10/30/2028 1,309 35.33 0.09 Sub Total / Average Certificate Of Deposit 3.676 38,566,000.00 38,565,377.50 38,565,844.63 38,535,224.29 866 119,124.34 13.91 Corporate Blackrock Funding Inc4.7 3/14/2029-29 09290DAA9 3/28/2024 4.623 1,000,000.00 1,003,380.00 1,002,692.64 1,015,280.00 3/14/2029 1,444 2,219.44 0.36 International Finance Corp 45950VPS9 2/26/2021 0.610 500,000.00 497,300.00 499,512.50 482,905.00 2/26/2026 332 243.06 0.18 0.5 2/26/2026 Walmart Inc 3.7 6/26/2028- 28 931142EE9 6/26/2023 4.303 1,000,000.00 973,110.00 982,601.47 989,610.00 6/26/2028 1,183 9,763.89 0.36 Sub Total / Average Corporate 3.692 2,500,000.00 29473,790.00 2,484,806.61 2,487,795.00 1,117 12,226.39 0.90 Guaranteed Investment Contract CAMP TERM5.16 6/12/2025 CAMPTERM61225 7/2/2024 5.160 30,000,000.00 30,000,000.00 30,000,000.00 30,000,000.00 6/12/2025 73 1,153,578.O183 10.82 Settlement YTM @ Face Maturity Days To Accrued % of Description CUSIP/Ticker Date Cost Amount/Shares Cost Value Book Value Market Value Date Maturity Interest Portfolio Sub Total / Average Guaranteed Investment 5.160 30,000,000.00 30,000,000.00 30,000,000.00 30,000,000.00 73 1,153,578.08 10.82 Contract Local Government Investment Pool CAMP LGIP CAMP7001 3/31/2024 4.470 27,897,834.97 27,897,834.97 27,897,834.97 27,897,834.97 N/A 1 10.06 LAIF City LGIP CITYLAIF3434 2/28/2024 4.313 20,561,645.26 20,561,645.26 20,561,645.26 20,579,106.02 N/A 1 7.42 LAIF Housing LGIP HOUSINGLAIF3005 2/28/2024 4.313 2,202,965.73 2,202,965.73 2,202,965.73 2,204,836.47 N/A 1 0.79 Sub Total / Average Local Government Investment 4.399 50,662,445.96 60,662,446.96 50,662,445.96 50,681,777.46 1 0.00 18.27 Pool Money Market BMO Bank I Operating MM BMO1851OP 3/31/2024 4.210 20,002,021.03 20,002,021.03 20,002,021.03 20,002,021.03 N/A 1 7.21 OPEB Trust MM OPEBTRUST 3/31/2024 -1.830 2,105,421.11 2,105,421.11 2,105,421.11 2,105,421.11 N/A 1 0.76 PARS Pension Trust MM PARSTRUST 3/31/2024 -1.330 5,934,739.51 5,934,739.51 5,934,739.51 5,934,739.51 N/A 1 2.14 US Bank Custodian MM USB3000 3/31/2024 4.210 4,606,657.66 4,606,657.66 4,606,657.66 4,606,657.66 N/A 1 1.66 US Bank Fiscal Agent MM USB4000-6000 3/31/2024 3.805 22,688.08 22,688.08 22,688.08 22,688.08 N/A 1 0.01 Sub Total / Average Money 2.814 32,671,527.39 32,671,527.39 32,671,527.39 329671,527.39 1 0.00 11.78 Market US Agency FFCB 0.5 6/9/2025 3133ELH23 6/9/2020 0.506 500,000.00 499,850.00 499,994.41 496,390.00 6/9/2025 70 777.78 0.18 FFCB 0.68 6/10/2025-22 3133ELH80 6/10/2020 0.680 500,000.00 500,000.00 500,000.00 496,505.00 6/10/2025 71 1,048.33 0.18 FFCB 0.71 8/10/2026-23 3133EM2C5 8/10/2021 0.792 500,000.00 498,000.00 499,457.48 478,060.00 8/10/2026 497 502.92 0.18 FFCB 0.8 9/10/2026 3133EM4X7 9/28/2021 0.985 1,000,000.00 991,080.00 997,402.09 955,230.00 9/10/2026 528 466.67 0.36 FFCB 1.27 11/2/2026 3133ENCQ1 11/2/2021 1.270 1,000,000.00 1,000,000.00 1,000,000.00 957,860.00 11/2/2026 581 5,256.39 0.36 FFCB 3.375 9/15/2027 3133ENL99 9/15/2022 3.430 1,000,000.00 997,492.55 998,769.27 986,930.00 9/15/2027 898 1,500.00 0.36 FFCB 3.5 9/10/2029 3133ERSP7 9/18/2024 3.470 1,000,000.00 1,001,350.00 1,001,204.60 977,730.00 9/10/2029 1,624 2,041.67 0.36 FFCB 3.75 12/7/2027 3133EN3S7 12/7/2022 3.794 1,000,000.00 998,000.00 998,927.18 994,720.00 12/7/2027 981 11,875.00 0.36 FFCB 3.75 8/15/2029 3133ERPS4 8/15/2024 3.800 1,000,000.00 997,742.00 998,025.50 988,140.00 8/15/2029 1,598 4,791.67 0.36 FFCB 3.875 1/18/2029 3133EPW84 1/18/2024 4.051 1,000,000.00 992,100.00 994,000.39 994,960.00 1/18/2029 1,389 7,857.64 0.36 FFCB 3.875 1/18/2029 3133EPW84 1/30/2024 4.000 1,000,000.00 994,400.00 995,715.44 994,960.00 1/18/2029 1,389 7,857.64 0.36 FFCB 3.875 10/15/2027 3133ERXJ5 10/15/2024 3.875 1,000,000.00 1,000,000.00 1,000,000.00 998,050.00 10/15/2027 928 17,868.06 0.36 FFCB 3.875 12/10/2027 3133ER6Q9 3/19/2025 4.020 1,000,000.00 996,331.25 996,376.13 999,170.00 12/10/2027 984 2,260.42 0.36 FFCB 3.875 2/14/2028 3133EPAV7 2/15/2023 3.977 1,000,000.00 995,400.00 997,359.73 997,620.00 2/14/2028 1,050 5,059.03 0.36 FFCB 3.875 6/8/2028 3133EPME2 6/8/2023 3.915 1,000,000.00 998,190.00 998,846.99 997,040.00 6/8/2028 1,165 12,163.19 0.36 FFCB 4 11/29/2027 3133EN31-11 11/29/2022 4.030 1,000,000.00 998,650.00 999,281.85 1,001,010.00 11/29/2027 973 13,555.56 0.36 FFCB 4 3/18/2030 3133ER71-9 3/19/2025 4.080 1,000,000.00 996,415.16 996,439.07 999,880.00 3/18/2030 1,813 1,444.44 0.36 FFCB 4 9/29/2027 3133ENQ29 9/30/2022 4.080 1,000,000.00 996,400.00 998,202.00 1,001,020.00 9/29/2027 912 222.22 0.36 FFCB 4.125 12/17/2029 3133ERL41 12/17/2024 4.140 1,000,000.00 999,320.00 999,359.29 1,005,900.00 12/17/2029 1,722 11,916.67 0.36 FFCB 4.125 2/13/2029 3133EP3139 2/14/2024 4.318 1,000,000.00 991,400.00 993,346.72 1,003,510.00 2/13/2029 1,415 5,500.00 0.36 184 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio FFCB 4.25 7/17/2028 3133EPQDO 7/31/2023 4.280 1,000,000.00 998,655.69 999,107.31 1,008,230.00 7/17/2028 1,204 8,736.11 0.36 FFCB 4.25 8/7/2028 3133EPSK2 8/18/2023 4.467 1,000,000.00 990,400.00 993,530.20 1,008,170.00 8/7/2028 1,225 6,375.00 0.36 FFCB 4.375 4/10/2029 3133ERAK7 4/23/2024 4.701 1,000,000.00 985,690.00 988,396.65 1,015,500.00 4/10/2029 1,471 20,781.25 0.36 FFCB 4.625 11/13/2028 3133EPC45 11/13/2023 4.630 1,000,000.00 999,770.00 999,833.67 1,020,620.00 11/13/2028 1,323 17,729.17 0.36 FHLB 0.375 12/12/2025 3130AKFA9 12/7/2020 0.480 500,000.00 497,400.00 499,639.69 486,990.00 12/12/2025 256 567.71 0.18 FHLB 0.5 6/13/2025 3130AJKW8 6/3/2020 0.506 500,000.00 499,850.00 499,994.11 496,205.00 6/13/2025 74 750.00 0.18 FHLB 0.51 1/14/2026-22 3130AKMZ6 1/14/2021 0.510 500,000.00 500,000.00 500,000.00 485,740.00 1/14/2026 289 545.42 0.18 FHLB 0.55 1/29/2026-21 313OAKN28 1/29/2021 0.550 500,000.00 500,000.00 500,000.00 485,230.00 1/29/2026 304 473.61 0.18 FHLB 0.68 6/30/2025-21 3130AJRP6 6/30/2020 0.680 300,000.00 300,000.00 300,000.00 297,264.00 6/30/2025 91 510.00 0.11 FHLB 0.75 6/12/2026 3130AMFS6 6/17/2021 0.885 1,000,000.00 993,420.00 998,422.85 962,050.00 6/12/2026 438 2,270.83 0.36 FHLB 0.95 10/13/2026-23 3130APB46 10/13/2021 0.986 1,000,000.00 998,250.00 999,464.01 954,480.00 10/13/2026 561 4,433.33 0.36 FHLB 1 9/30/2026-22 3130APBM6 9/30/2021 1.021 1,000,000.00 999,000.00 999,700.39 956,240.00 9/30/2026 548 0.00 0.36 FHLB 1.25 12/21/2026 313OAQF65 12/22/2021 1.255 1,000,000.00 999,750.00 999,913.93 954,300.00 12/21/2026 630 3,472.22 0.36 FHLB 1.5 1/27/2027-23 3130AQJR5 1/27/2022 1.500 1,000,000.00 1,000,000.00 1,000,000.00 955,780.00 1/27/2027 667 2,666.67 0.36 FHLB 1.83 2/10/2027-23 3130AQSA2 2/10/2022 1.830 1,000,000.00 1,000,000.00 1,000,000.00 960,880.00 2/10/2027 681 2,592.50 0.36 FHLB 2.5 10/14/2025-23 3130ARGJ4 4/14/2022 2.500 500,000.00 500,000.00 500,000.00 495,395.00 10/14/2025 197 5,798.61 0.18 FHLB 2.7 4/19/2027-24 3130ARGY1 4/19/2022 2.700 1,000,000.00 1,000,000.00 1,000,000.00 975,800.00 4/19/2027 749 12,150.00 0.36 FHLB 3.3 6/28/2027-24 3130ASDV8 6/28/2022 3.300 300,000.00 300,000.00 300,000.00 295,962.00 6/28/2027 819 2,557.50 0.11 FHLB 4 10/5/2029-27 3130635F6 10/8/2024 4.000 1,000,000.00 1,000,000.00 1,000,000.00 987,920.00 10/5/2029 1,649 19,222.22 0.36 FHLB 4 10/9/2026 313063A29 3/19/2025 4.020 1,000,000.00 999,682.10 999,688.91 1,000,370.00 10/9/2026 557 18,888.89 0.36 FHLB 4.125 9/14/2029 3130ATHX8 10/31/2024 4.125 1,000,000.00 1,000,000.00 1,000,000.00 1,004,260.00 9/14/2029 1,628 1,947.92 0.36 FHLB 4.2 3/27/2030-28 3130B5K80 3/27/2025 4.200 1,000,000.00 1,000,000.00 1,000,000.00 997,840.00 3/27/2030 1,822 466.67 0.36 FHLB 4.3 10/23/2029-26 313063ES8 10/30/2024 4.351 1,000,000.00 997,750.00 997,938.23 998,150.00 10/23/2029 1,667 18,872.22 0.36 FHLB 4.45 2/12/2029-27 3130AYXU5 2/15/2024 4.450 2,000,000.00 2,000,000.00 2,000,000.00 2,006,140.00 2/12/2029 1,414 12,113.89 0.72 FHLB 4.5 12/10/2029-26 31301346Y2 12/31/2024 4.500 1,000,000.00 1,000,000.00 1,000,000.00 1,006,220.00 12/10/2029 1,715 13,000.00 0.36 FHLB 4.5 2/18/2028-26 3130B4YH8 2/26/2025 4.500 1,000,000.00 1,000,000.00 1,000,000.00 998,630.00 2/18/2028 1,054 5,375.00 0.36 FHLB 4.65 1/14/2030-28 313064LS8 1/14/2025 4.650 1,000,000.00 1,000,000.00 1,000,000.00 1,010,410.00 1/14/2030 1,750 9,945.83 0.36 FHLB 4.75 9/8/2028 3130AXEL8 10/3/2023 4.762 1,000,000.00 999,500.00 999,651.63 1,026,290.00 9/8/2028 1,257 3,034.72 0.36 FHLB 5 2/15/2029-25 3130AYYJ9 2/15/2024 5.000 1,000,000.00 1,000,000.00 1,000,000.00 1,000,100.00 2/15/2029 1,417 6,388.89 0.36 FHLB 5.04 4/23/2029-27 3130B14L8 4/25/2024 5.040 900,000.00 900,000.00 900,000.00 906,831.00 4/23/2029 1,484 19,908.00 0.32 FHLB Step 11/24/2026-22 3130APTV7 11/24/2021 1.489 500,000.00 499,500.00 499,835.46 483,965.00 11/24/2026 603 3,527.78 0.18 FHLB Step 3/30/2026 3130ALV92 3/30/2021 0.938 500,000.00 500,000.00 500,000.00 485,220.00 3/30/2026 364 0.00 0.18 FHLMC 0.375 7/21/2025 3137EAEU9 12/7/2020 0.434 1,000,000.00 997,300.00 999,823.03 988,190.00 7/21/2025 112 729.17 0.36 FHLMC 0.375 7/21/2025 3137EAEU9 1/5/2022 1.120 500,000.00 487,090.00 498,896.32 494,095.00 7/21/2025 112 364.58 0.18 FHLMC 0.375 9/23/2025 3137EAEX3 2/23/2021 0.552 500,000.00 495,999.50 499,582.98 490,700.00 9/23/2025 176 41.67 0.18 FHLMC 0.375 9/23/2025 3137EAEX3 3/30/2021 0.740 1,000,000.00 983,940.00 998,277.51 981,400.00 9/23/2025 176 83.33 0.36 FHLMC 0.55 12/30/2025 3134GXGZ1 12/30/2020 0.550 500,000.00 500,000.00 500,000.00 486,820.00 12/30/2025 274 687.50 0.18 FHLMC 0.625 5/27/2025 3134GVYG7 5/27/2020 0.625 1,000,000.00 1,000,000.00 1,000,000.00 994,330.00 5/27/2025 57 2,152.78 0.36 FHLMC 0.65 10/27/2025-21 3134GW5R3 1/5/2022 1.232 400,000.00 391,360.00 398,708.10 391,604.00 10/27/2025 210 1,112.22 0.14 185 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio FHLMC 0.7 12/30/2026-21 3134GWUQ7 2/10/2022 1.870 1,000,000.00 945,570.00 980,567.35 944,670.00 12/30/2026 639 0.00 0.36 FHLMC 0.8 10/28/2026-21 3134GW6C5 1/5/2022 1.404 500,000.00 486,000.00 495,424.94 475,515.00 10/28/2026 576 1,700.00 0.18 FHLMC 5.6 4/17/2029-25 31341-11D26 4/24/2024 5.611 1,000,000.00 999,500.00 999,593.98 1,000,330.00 4/17/2029 1,478 25,511.11 0.36 FNMA 0.5 11/7/2025 3135G06G3 12/7/2021 1.120 1,000,000.00 976,300.00 996,383.61 977,310.00 11/7/2025 221 2,000.00 0.36 FNMA 0.5 11/7/2025 3135G06G3 8/29/2024 4.170 1,000,000.00 957,850.00 978,728.04 977,310.00 11/7/2025 221 2,000.00 0.36 FNMA 0.5 8/14/2025-23 3135G05S8 8/14/2020 0.500 500,000.00 500,000.00 500,000.00 493,120.00 8/14/2025 136 326.39 0.18 FNMA 0.52 8/18/2025 3136G4M75 8/28/2020 0.530 500,000.00 499,750.00 499,980.99 492,865.00 8/18/2025 140 310.56 0.18 FNMA 0.5611/17/2025-22 3135GA2Z3 11/17/2020 0.591 500,000.00 499,250.00 499,906.20 488,735.00 11/17/2025 231 1,042.22 0.18 FNMA 0.568/21/2025-23 3136G4N74 8/21/2020 0.560 1,000,000.00 1,000,000.00 1,000,000.00 985,800.00 8/21/2025 143 622.22 0.36 FNMA 0.6 12/23/2025-21 3135GA7D7 12/23/2020 0.600 500,000.00 500,000.00 500,000.00 487,240.00 12/23/2025 267 816.67 0.18 FNMA 0.625 4/22/2025 3135G03U5 1/28/2022 1.400 500,000.00 487,790.00 499,790.03 498,910.00 4/22/2025 22 1,380.21 0.18 FNMA4.1253/12/2030-26 3136GACD9 3/12/2025 4.375 1,000,000.00 988,880.00 988,997.38 993,930.00 3/12/2030 1,807 2,177.08 0.36 FNMA4.755/15/2029-25 3135GAS36 5/15/2024 4.912 1,000,000.00 992,900.00 994,146.44 998,460.00 5/15/2029 1,506 17,944.44 0.36 FNMA 5.254/2/2027-25 3135GAQZ7 4/24/2024 5.283 1,000,000.00 999,100.00 999,386.67 1,000,020.00 4/2/2027 732 26,104.17 0.36 FNMA 5.54/22/2027-25 3135GARK9 4/24/2024 5.500 1,000,000.00 1,000,000.00 1,000,000.00 999,630.00 4/22/2027 752 24,291.67 0.36 Sub Total /Average US Agency 3.029 63,400,000.00 63,089,318.25 63,266,018.75 62,692,851.00 925 450,465.25 22.87 US Treasury T-Note 0.25 10/31/2025 91282CAT8 3/30/2021 0.750 1,000,000.00 977,500.00 997,138.81 977,560.00 10/31/2025 214 1,042.82 0.36 T-Note 0.375 1/31/2026 91282CBH3 2/23/2021 0.577 500,000.00 495,100.00 499,170.64 484,790.00 1/31/2026 306 305.59 0.18 T-Note 0.375 11/30/2025 91282CAZ4 4/22/2021 0.720 500,000.00 492,187.50 498,867.35 487,675.00 11/30/2025 244 623.28 0.18 T-Note 0.375 12/31/2025 91282CBC4 1/7/2021 0.431 500,000.00 498,632.81 499,793.94 486,325.00 12/31/2025 275 466.16 0.18 T-Note 0.5 2/28/2026 91282CBQ3 5/28/2021 0.750 500,000.00 494,165.00 498,880.73 483,960.00 2/28/2026 334 210.60 0.18 T-Note 0.5 2/28/2026 91282CBQ3 3/23/2022 2.353 750,000.00 698,025.00 737,955.69 725,940.00 2/28/2026 334 315.90 0.27 T-Note 0.625 7/31/2026 91282CCP4 9/29/2021 0.970 1,000,000.00 983,750.00 995,525.50 956,800.00 7/31/2026 487 1,018.65 0.36 T-Note 0.75 3/31/2026 91282CBT7 5/28/2021 0.770 500,000.00 499,525.00 499,901.94 483,995.00 3/31/2026 365 0.00 0.18 T-Note 0.75 3/31/2026 91282CBT7 6/17/2021 0.816 500,000.00 498,450.00 499,677.05 483,995.00 3/31/2026 365 0.00 0.18 T-Note 0.75 5/31/2026 91282CCF6 6/1/2021 0.810 1,000,000.00 997,060.00 999,314.97 962,970.00 5/31/2026 426 2,493.13 0.36 T-Note 0.75 5/31/2026 91282CCF6 6/17/2021 0.870 500,000.00 497,095.00 499,317.13 481,485.00 5/31/2026 426 1,246.57 0.18 T-Note 0.75 8/31/2026 91282CCW9 9/29/2021 0.990 1,000,000.00 988,500.00 996,689.59 956,090.00 8/31/2026 518 631.79 0.36 T-Note 0.75 8/31/2026 91282CCW9 3/22/2022 2.350 500,000.00 466,454.17 489,307.53 478,045.00 8/31/2026 518 315.90 0.18 T-Note 1.125 10/31/2026 91282CDG3 3/22/2022 2.350 500,000.00 473,396.82 490,863.55 478,495.00 10/31/2026 579 2,346.34 0.18 T-Note 1.5 1/31/2027 912828Z78 2/10/2022 1.781 1,000,000.00 986,700.00 995,090.36 957,500.00 1/31/2027 671 2,444.75 0.36 T-Note 1.875 7/31/2026 912828Y95 8/29/2024 3.876 1,000,000.00 963,281.25 974,490.68 972,890.00 7/31/2026 487 3,055.94 0.36 T-Note 2.25 8/15/2027 9128282RO 11/18/2022 3.950 1,000,000.00 927,110.00 963,491.84 963,090.00 8/15/2027 867 2,734.81 0.36 T-Note 2.375 4/30/2026 9128286S4 3/23/2022 2.400 1,000,000.00 999,010.00 999,739.61 982,480.00 4/30/2026 395 9,906.77 0.36 T-Note 2.375 5/15/2027 912828X88 6/7/2022 3.041 1,000,000.00 969,687.50 986,980.09 968,950.00 5/15/2027 775 8,922.65 0.36 T-Note 2.5 3/31/2027 91282CEF4 5/3/2022 3.010 1,000,000.00 976,860.00 990,586.46 973,440.00 3/31/2027 730 0.00 0.36 T-Note 2.625 2/15/2029 912828661 2/15/2024 4.286 1,000,000.00 925,976.56 942,597.38 953,910.00 2/15/2029 1,417 3,190.61 0.36 186 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio T-Note 2.625 5/31/2027 91282CET4 6/8/2022 2.980 500,000.00 491,842.18 496,450.59 486,780.00 5/31/2027 791 4,362.98 0.18 T-Note 2.625 5/31/2027 91282CET4 8/29/2024 3.720 1,000,000.00 971,555.99 977,612.72 973,560.00 5/31/2027 791 8,725.96 0.36 T-Note 2.75 4/30/2027 91282CEN7 6/8/2022 2.971 500,000.00 495,000.00 497,875.14 488,575.00 4/30/2027 760 5,735.50 0.18 T-Note 2.75 7/31/2027 91282CFB2 8/15/2022 2.980 1,000,000.00 989,460.00 995,044.45 974,650.00 7/31/2027 852 4,482.04 0.36 T-Note 2.75 7/31/2027 91282CFB2 8/29/2022 3.200 1,000,000.00 979,645.67 990,355.49 974,650.00 7/31/2027 852 4,482.04 0.36 T-Note 2.875 4/30/2029 91282CEM9 4/30/2024 4.658 1,000,000.00 921,300.00 935,738.39 960,740.00 4/30/2029 1,491 11,992.40 0.36 T-Note 3.125 11/15/2028 9128285M8 12/29/2023 3.880 1,000,000.00 966,718.75 975,272.52 973,590.00 11/15/2028 1,325 11,740.33 0.36 T-Note 3.125 8/31/2027 91282CFH9 1/24/2023 3.640 500,000.00 489,175.00 494,313.49 491,135.00 8/31/2027 883 1,316.24 0.18 T-Note 3.25 6/30/2027 91282CEV 7 2/15/2023 4.075 1,000,000.00 967,220.00 983,147.59 986,560.00 6/30/2027 821 8,080.11 0.36 T-Note 3.5 1/31/2028 91282CGH8 2/2/2023 3.580 1,000,000.00 996,369.14 997,938.60 989,530.00 1/31/2028 1,036 5,704.42 0.36 T-Note 3.5 1/31/2028 91282CGH8 8/29/2024 3.680 1,000,000.00 994,257.81 995,240.87 989,530.00 1/31/2028 1,036 5,704.42 0.36 T-Note 3.5 1/31/2030 91282CGJ4 1/13/2025 4.531 1,000,000.00 953,900.00 955,825.00 980,230.00 1/31/2030 1,767 5,704.42 0.36 T-Note 3.5 4/30/2028 91282CHA2 5/31/2023 3.837 1,000,000.00 985,000.00 990,598.89 988,480.00 4/30/2028 1,126 14,599.45 0.36 T-Note 3.5 4/30/2028 91282CHA2 7/19/2024 4.145 1,000,000.00 977,600.00 981,736.13 988,480.00 4/30/2028 1,126 14,599.45 0.36 T-Note 3.5 9/30/2029 91282CLN9 9/30/2024 3.510 1,000,000.00 999,530.00 999,576.85 981,840.00 9/30/2029 1,644 0.00 0.36 T-Note 3.625 3/31/2028 91282CGT2 5/31/2023 3.853 1,000,000.00 990,000.00 993,796.03 992,730.00 3/31/2028 1,096 0.00 0.36 T-Note 3.625 3/31/2028 91282CGT2 6/15/2023 3.980 1,000,000.00 984,600.00 990,364.00 992,730.00 3/31/2028 1,096 0.00 0.36 T-Note 3.625 3/31/2028 91282CGT2 10/19/2023 4.910 1,000,000.00 949,180.00 965,734.05 992,730.00 3/31/2028 1,096 0.00 0.36 T-Note 3.625 5/31/2028 91282CHE4 3/19/2025 4.013 1,000,000.00 988,400.00 988,519.08 991,800.00 5/31/2028 1,157 12,050.14 0.36 T-Note 3.625 8/31/2029 91282CLK5 9/3/2024 3.627 2,000,000.00 1,999,843.75 1,999,861.66 1,974,920.00 8/31/2029 1,614 6,107.34 0.72 T-Note 3.75 12/31/2028 91282CJR3 1/2/2024 3.815 1,000,000.00 997,067.49 997,797.00 994,100.00 12/31/2028 1,371 9,323.20 0.36 T-Note 3.75 12/31/2028 91282CJR3 6/12/2024 4.480 1,000,000.00 970,230.00 975,457.20 994,100.00 12/31/2028 1,371 9,323.20 0.36 T-Note 3.875 11/30/2029 91282CFY2 11/21/2024 4.271 1,000,000.00 982,265.63 983,522.02 996,950.00 11/30/2029 1,705 12,881.18 0.36 T-Note 3.875 9/30/2029 91282CFLO 10/8/2024 3.875 1,000,000.00 1,000,000.00 1,000,000.00 997,190.00 9/30/2029 1,644 0.00 0.36 T-Note 4 1/15/2027 91282CJT9 1/31/2024 4.115 1,000,000.00 996,813.45 998,068.58 1,001,060.00 1/15/2027 655 8,287.29 0.36 T-Note 4 10/31/2029 91282CFT3 10/31/2024 4.110 1,000,000.00 995,070.00 995,477.68 1,002,230.00 10/31/2029 1,675 16,685.08 0.36 T-Note 4 2/28/2030 91282CGQ8 2/26/2025 4.140 2,000,000.00 1,987,440.00 1,987,666.74 2,004,540.00 2/28/2030 1,795 6,739.13 0.72 T-Note 4 7/31/2029 91282CLC3 7/31/2024 4.134 1,000,000.00 994,000.00 994,798.47 1,002,620.00 7/31/2029 1,583 6,519.34 0.36 T-Note 4.125 10/31/2027 91282CFUO 11/6/2023 4.524 750,000.00 739,200.00 742,995.60 754,245.00 10/31/2027 944 12,904.87 0.27 T-Note 4.125 10/31/2027 91282CFUO 5/31/2024 4.675 1,000,000.00 982,790.00 986,982.18 1,005,660.00 10/31/2027 944 17,206.49 0.36 T-Note 4.125 11/30/2029 91282CMA6 12/2/2024 4.180 1,000,000.00 997,539.06 997,699.61 1,007,730.00 11/30/2029 1,705 13,712.23 0.36 T-Note 4.125 3/31/2029 91282CKG5 4/1/2024 4.210 1,000,000.00 996,200.00 996,957.92 1,007,310.00 3/31/2029 1,461 0.00 0.36 T-Note 4.125 6/15/2026 91282CHH7 2/26/2025 4.091 1,000,000.00 1,000,380.00 1,000,353.54 1,001,520.00 6/15/2026 441 12,012.36 0.36 T-Note 4.125 9/30/2027 91282CFM8 7/30/2024 4.150 1,000,000.00 999,210.00 999,376.60 1,005,820.00 9/30/2027 913 0.00 0.36 T-Note 4.25 1/31/2026 91282CJV4 1/31/2024 4.330 1,000,000.00 998,482.98 999,366.18 1,001,040.00 1/31/2026 306 6,926.80 0.36 T-Note 4.25 1/31/2030 91282CMG3 1/31/2025 4.330 1,000,000.00 996,437.79 996,552.89 1,012,810.00 1/31/2030 1,767 6,926.80 0.36 T-Note 4.25 6/30/2029 91282CKX8 7/1/2024 4.290 2,000,000.00 1,996,433.38 1,996,966.91 2,024,380.00 6/30/2029 1,552 21,132.60 0.72 T-Note 4.37512/31/2029 91282CMDO 12/31/2024 4.425 1,500,000.00 1,496,700.00 1,496,862.65 1,527,240.00 12/31/2029 1,736 16,315.61 0.54 T-Note 4.5 5/31/2029 91282CKT7 5/31/2024 4.540 2,000,000.00 1,996,484.38 1,997,069.67 2,043,360.00 5/31/2029 1,522 29,917.58 0.72 187 Settlement YTM @ Face Maturity Days To Accrued % of Description CUSIP/Ticker Date Cost Amount/Shares Cost Value Book Value Market Value Date Maturity Interest Portfolio Sub Total / Average US 3.479 58,000,000.00 57,021,809.06 57,404,353.82 57,257,530.00 1,074 373,473.26 20.92 Treasury Total/Average 3.659 277,252,931.23 275,937,226.04 276,507,955.04 275,779,663.02 575 2,108,867.32 100 188 City of La Quinta I CA Transactions Summary Transactions Report -Use this Group By: Action Portfolio / Report Group: All Portfolios Begin Date: 12/31/2024, End Date: 03/31/2025 YTM @ Settlement Face Description CUSIP/Ticker Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total Buy Fahey Banking Company 4.2 8/30/2027 303117DN2 4.200 2/25/2025 2/28/2025 8/30/2027 248,000.00 248,000.00 100 0.00 248,000.00 FFCB 3.875 12/10/2027 3133ER6Q9 4.020 3/18/2025 3/19/2025 12/10/2027 1,000,000.00 996,331.25 99.633125 968.75 997,300.00 FFCB 4 3/18/2030 3133ER7L9 4.080 3/18/2025 3/19/2025 3/18/2030 1,000,000.00 996,415.16 99.641516 111.11 996,526.27 FHLB 4 10/9/2026 3130133A29 4.020 3/18/2025 3/19/2025 10/9/2026 1,000,000.00 999,682.10 99.96821 17,555.56 1,017,237.66 FHLB 4.2 3/27/2030-28 313OB5K80 4.200 3/12/2025 3/27/2025 3/27/2030 1,000,000.00 1,000,000.00 100 0.00 1,000,000.00 FHLB 4.5 2/18/2028-26 313OB4YH8 4.500 2/25/2025 2/26/2025 2/18/2028 1,000,000.00 1,000,000.00 100 1,000.00 1,001,000.00 FHLB 4.65 1/14/2030-28 313064LS8 4.650 1/10/2025 1/14/2025 1/14/2030 1,000,000.00 1,000,000.00 100 0.00 1,000,000.00 FNMA4.1253/12/2030-26 3136GACD9 4.375 2/25/2025 3/12/2025 3/12/2030 1,000,000.00 988,880.00 98.888 0.00 988,880.00 Lafayette FCU MD 4.1 3/28/2029 50625LCA9 4.100 3/18/2025 3/28/2025 3/28/2029 248,000.00 248,000.00 100 0.00 248,000.00 Morgan Stanley Bank, NA4.25 6169ODT40 4.250 3/3/2025 3/5/2025 3/5/2030 244,000.00 244,000.00 100 0.00 244,000.00 3/5/2030 Morgan Stanley Private Bank 4.25 61776NMT7 4.250 3/3/2025 3/5/2025 3/5/2030 244,000.00 244,000.00 100 0.00 244,000.00 3/5/2030 Partners Bank of California 4.15 8/27/2027 70212YBY7 4.150 2/25/2025 2/27/2025 8/27/2027 244,000.00 244,000.00 100 0.00 244,000.00 Southern States Bank 4.15 843879GSO 4.150 2/25/2025 3/21/2025 9/21/2026 248,000.00 248,000.00 100 0.00 248,000.00 9/21 /2026 T-Note 3.5 1/31/2030 91282CGJ4 4.531 1/10/2025 1/13/2025 1/31/2030 1,000,000.00 953,900.00 95.39 15,788.04 969,688.04 T-Note 3.625 5/31/2028 91282CHE4 4.013 3/18/2025 3/19/2025 5/31/2028 1,000,000.00 988,400.00 98.84 10,855.08 999,255.08 T-Note 4 2/28/2030 91282CGQ8 4.140 2/25/2025 2/26/2025 2/28/2030 2,000,000.00 1,987,440.00 99.372 39,558.01 2,026,998.01 T-Note 4.125 6/15/2026 91282CHH7 4.091 2/25/2025 2/26/2025 6/15/2026 1,000,000.00 1,000,380.00 100.038 8,272.66 1,008,652.66 T-Note 4.25 1/31/2030 91282CMG3 4.330 1/28/2025 1/31/2025 1/31/2030 1,000,000.00 996,437.79 99.643779 0.00 996,437.79 Sub Total / Average Buy 14,476,000.00 149383,866.30 94,109.21 14,477,975.51 Called FHLMC 5.5 2/26/2029-25 31341-11UX9 0.000 2/26/2025 2/26/2025 2/26/2029 1,000,000.00 1,000,000.00 0 0.00 1,000,000.00 FNMA 5.053/26/2026-25 3135GAQR5 0.000 3/26/2025 3/26/2025 3/26/2026 1,000,000.00 1,000,000.00 0 0.00 1,000,000.00 FNMA 5.152/26/2027-25 3135GAPL9 0.000 2/26/2025 2/26/2025 2/26/2027 1,000,000.00 1,000,000.00 0 0.00 1,000,000.00 Sub Total / Average Called 3,000,000.00 39000,000.00 0.00 3,000,000.00 Interest Access Bank NE 1.6 3/13/2025 00435JBH5 0.000 3/13/2025 3/13/2025 3/13/2025 0.00 0.00 304.39 304.39 Access Bank NE 1.6 3/13/2025 00435JBH5 0.000 2/13/2025 2/13/2025 3/13/2025 0.00 0.00 337.01 337.01 189 Description CUSIP/Ticker Access Bank NE 1.6 3/13/2025 00435JBH5 Advantage Credit Union IA 4.45 00790UAE7 7/31 /2028 Advantage Credit Union IA 4.45 00790UAE7 7/31 /2028 Advantage Credit Union IA 4.45 00790UAE7 7/31 /2028 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 Alabama Credit Union 5 6/22/2026 01025RAG4 Alabama Credit Union 5 6/22/2026 01025RAG4 Alabama Credit Union 5 6/22/2026 01025RAG4 All In FCU AL 4.4 12/20/2027 01664MAB2 All In FCU AL 4.4 12/20/2027 01664MAB2 All In FCU AL 4.4 12/20/2027 01664MAB2 Alliant Credit Union IL 5 12/30/2027 01882MAC6 Alliant Credit Union IL 5 12/30/2027 01882MAC6 Alliant Credit Union IL 5 12/30/2027 01882MAC6 Alma Bank NY 1.4 3/28/2025 020080BX4 Alma Bank NY 1.4 3/28/2025 020080BX4 Alma Bank NY 1.4 3/28/2025 020080BX4 Altaone FCU CA 4.45 7/19/2029 02157RAA5 Altaone FCU CA 4.45 7/19/2029 02157RAA5 Altaone FCU CA 4.45 7/19/2029 02157RAA5 Amerant Bank, NA FL 1.6 2/16/2027 02357QAQO American Express Nat'l Bank 3.45 0 2589ADH2 7/27/2027 American State Bank IA 1.6 029728BC5 2/21 /2025 American State Bank IA 1.6 029728BC5 2/21 /2025 Austin Telco FCU TX 3.8 9/21/2027 052392BT3 Austin Telco FCU TX 3.8 9/21/2027 052392BT3 Austin Telco FCU TX 3.8 9/21/2027 052392BT3 Axos Bank CA 1.65 3/26/2025 05465DAE8 Axos Bank CA 1.65 3/26/2025 05465DAE8 Axos Bank CA 1.65 3/26/2025 05465DAE8 Balboa Thrift & Loan 4.4 7/19/2028 05765LBUO Balboa Thrift & Loan 4.4 7/19/2028 05765LBUO Balboa Thrift & Loan 4.4 7/19/2028 05765LBUO YTM @ Settlement Face Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total 0.000 1/13/2025 1/13/2025 3/13/2025 0.00 0.00 337.01 337.01 0.000 3/31 /2025 3/31 /2025 7/31 /2028 0.00 0.00 941.08 941.08 0.000 2/28/2025 2/28/2025 7/31/2028 0.00 0.00 850.01 850.01 0.000 1 /31 /2025 1 /31 /2025 7/31 /2028 0.00 0.00 941.08 941.08 0.000 3/17/2025 3/17/2025 3/17/2028 0.00 0.00 932.21 932.21 0.000 2/18/2025 2/18/2025 3/17/2028 0.00 0.00 1,032.09 1,032.09 0.000 1/17/2025 1/17/2025 3/17/2028 0.00 0.00 1,032.09 1,032.09 0.000 3/20/2025 3/20/2025 6/22/2026 0.00 0.00 951.23 951.23 0.000 2/20/2025 2/20/2025 6/22/2026 0.00 0.00 1,053.15 1,053.15 0.000 1 /21 /2025 1 /21 /2025 6/22/2026 0.00 0.00 1,053.15 1,053.15 0.000 3/20/2025 3/20/2025 12/20/2027 0.00 0.00 837.08 837.08 0.000 2/20/2025 2/20/2025 12/20/2027 0.00 0.00 926.77 926.77 0.000 1 /21 /2025 1 /21 /2025 12/20/2027 0.00 0.00 926.77 926.77 0.000 3/31 /2025 3/31 /2025 12/30/2027 0.00 0.00 1,015.07 1,015.07 0.000 2/28/2025 2/28/2025 12/30/2027 0.00 0.00 981.23 981.23 0.000 1 /30/2025 1 /30/2025 12/30/2027 0.00 0.00 1,048.90 1,048.90 0.000 3/28/2025 3/28/2025 3/28/2025 0.00 0.00 266.35 266.35 0.000 2/28/2025 2/28/2025 3/28/2025 0.00 0.00 275.86 275.86 0.000 1 /30/2025 1 /30/2025 3/28/2025 0.00 0.00 294.88 294.88 0.000 3/3/2025 3/3/2025 7/19/2029 0.00 0.00 850.01 850.01 0.000 2/3/2025 2/3/2025 7/19/2029 0.00 0.00 941.08 941.08 0.000 1/2/2025 1/2/2025 7/19/2029 0.00 0.00 941.08 941.08 0.000 2/14/2025 2/14/2025 2/16/2027 0.00 0.00 1,976.11 1,976.11 0.000 1/27/2025 1/27/2025 7/27/2027 0.00 0.00 4,260.99 4,260.99 0.000 2/21 /2025 2/21 /2025 2/21 /2025 0.00 0.00 337.01 337.01 0.000 1 /21 /2025 1 /21 /2025 2/21 /2025 0.00 0.00 337.01 337.01 0.000 3/3/2025 3/3/2025 9/21/2027 0.00 0.00 722.94 722.94 0.000 2/3/2025 2/3/2025 9/21/2027 0.00 0.00 800.39 800.39 0.000 1/2/2025 1/2/2025 9/21/2027 0.00 0.00 800.39 800.39 0.000 3/26/2025 3/26/2025 3/26/2025 0.00 0.00 313.91 313.91 0.000 2/26/2025 2/26/2025 3/26/2025 0.00 0.00 347.54 347.54 0.000 1/27/2025 1/27/2025 3/26/2025 0.00 0.00 347.54 347.54 0.000 3/19/2025 3/19/2025 7/19/2028 0.00 0.00 837.08 837.08 0.000 2/19/2025 2/19/2025 7/19/2028 0.00 0.00 926.77 926.77 0.000 1 /21 /2025 1 /21 /2025 7/19/2028 0.00 0.00 926.77 926.77 190 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total Ballston Spa Nat'l Bank NY 4.8 058723AQO 0.000 3/24/2025 3/24/2025 11/24/2026 0.00 0.00 913.18 913.18 11/24/2026 Ballston Spa Nat'l Bank NY 4.8 058723AQO 0.000 2/24/2025 2/24/2025 11/24/2026 0.00 0.00 1,011.02 1,011.02 11/24/2026 Ballston Spa Nat'l Bank NY 4.8 058723AQO 0.000 1/24/2025 1/24/2025 11/24/2026 0.00 0.00 1,011.02 1,011.02 11/24/2026 Bank Five Nine WI 4.25 5/12/2028 062119BT8 0.000 3/12/2025 3/12/2025 5/12/2028 0.00 0.00 808.55 808.55 Bank Five Nine WI 4.25 5/12/2028 062119BT8 0.000 2/12/2025 2/12/2025 5/12/2028 0.00 0.00 895.18 895.18 Bank Five Nine WI 4.25 5/12/2028 062119BT8 0.000 1/13/2025 1/13/2025 5/12/2028 0.00 0.00 895.18 895.18 Bank of New England NH 4.85 1/14/2025 06426KDE5 0.000 1/14/2025 1/14/2025 1/14/2025 0.00 0.00 1,021.56 1,021.56 Bank of the Sierra CA 4.6 3/15/2027 064860MCO 0.000 3/17/2025 3/17/2025 3/15/2027 0.00 0.00 5,565.87 5,565.87 Bank OZKAR 0.4 1/29/2025 06417NZQ9 0.000 1/29/2025 1/29/2025 1/29/2025 0.00 0.00 84.25 84.25 Bankers Bank WI 4.15 5/24/2028 06610RCA5 0.000 3/24/2025 3/24/2025 5/24/2028 0.00 0.00 789.52 789.52 Bankers Bank WI 4.15 5/24/2028 06610RCA5 0.000 2/24/2025 2/24/2025 5/24/2028 0.00 0.00 874.12 874.12 Bankers Bank WI 4.15 5/24/2028 06610RCA5 0.000 1/24/2025 1/24/2025 5/24/2028 0.00 0.00 874.12 874.12 BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 0.000 3/21/2025 3/21/2025 6/21/2029 0.00 0.00 856.11 856.11 BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 0.000 2/21/2025 2/21/2025 6/21/2029 0.00 0.00 947.84 947.84 BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 0.000 1/21/2025 1/21/2025 6/21/2029 0.00 0.00 947.84 947.84 Baxter Credit Union IL 4.35 07181JBH6 0.000 3/24/2025 3/24/2025 8/22/2028 0.00 0.00 827.57 827.57 8/22/2028 Baxter Credit Union IL 4.35 8/22/2028 07181JBH6 0.000 2/24/2025 2/24/2025 8/22/2028 0.00 0.00 916.24 916.24 Baxter Credit Union IL 4.35 07181JBH6 0.000 1/22/2025 1/22/2025 8/22/2028 0.00 0.00 916.24 916.24 8/22/2028 Beal Bank TX 1.9 2/17/2027 07371AYE7 0.000 2/24/2025 2/24/2025 2/17/2027 0.00 0.00 2,346.63 2,346.63 Beal Bank USA NV 1.9 2/17/2027 07371 CE88 0.000 2/24/2025 2/24/2025 2/17/2027 0.00 0.00 2,346.63 2,346.63 Blackrock Funding Inc 4.7 3/14/2 3/14/2029-29 09290DAA9 0.000 3/14/2025 3/14/2025 3/14/2029 0.00 0.00 23,500.00 23,500.00 Blue Ridge Bank, NA VA 4.2 09582YAF9 0.000 2/28/2025 2/28/2025 2/28/2028 0.00 0.00 5,166.12 5,166.12 2/28/2028 BMO Bank Operating MM BM018510P 0.000 3/31/2025 3/31/2025 N/A 0.00 0.00 85,729.25 85,729.25 BMO Bank Operating MM BM018510P 0.000 2/28/2025 2/28/2025 N/A 0.00 0.00 85,431.58 85,431.58 BMO Bank Operating MM BM018510P 0.000 1/31/2025 1/31/2025 N/A 0.00 0.00 62,654.20 62,654.20 BNY Mellon, NA PA 4.5 9/7/2028 05584CJJ6 0.000 3/7/2025 3/7/2025 9/7/2028 0.00 0.00 5,444.88 5,444.88 Bridgewater Bank MN 4.85 3/29/2027 108622NJ6 0.000 3/31/2025 3/31/2025 3/29/2027 0.00 0.00 955.65 955.65 Bridgewater Bank MN 4.85 108622NJ6 0.000 2/28/2025 2/28/2025 3/29/2027 0.00 0.00 988.60 988.60 3/29/2027 Bridgewater Bank MN 4.85 108622NJ6 0.000 1/29/2025 1/29/2025 3/29/2027 0.00 0.00 1,021.56 1,021.56 3/29/2027 CAMP LGIP CAMP7001 0.000 3/31/2025 3/31/2025 N/A 0.00 0.00 71,258.97 71,258.97 CAMP LGIP CAMP7001 0.000 2/28/2025 2/28/2025 N/A 0.00 0.00 45,353.64 45,353.64 CAMP LGIP CAMP7001 0.000 1/31/2025 1/31/2025 N/A 0.00 0.00 47,708.25 47,708.25 191 YTM @ Settlement Face Description CUSIP/Ticker Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total CAMP TERM 5.31 3/28/2025 CAMPTERM32825 0.000 3/28/2025 3/28/2025 3/28/2025 0.00 0.00 391,339.73 391,339.73 Carter Bank & Trust 4.55 7/5/2029 146102AS7 0.000 3/5/2025 3/5/2025 7/5/2029 0.00 0.00 865.62 865.62 Carter Bank & Trust 4.55 7/5/2029 146102AS7 0.000 2/5/2025 2/5/2025 7/5/2029 0.00 0.00 958.37 958.37 Carter Bank & Trust 4.55 7/5/2029 146102AS7 0.000 1/6/2025 1/6/2025 7/5/2029 0.00 0.00 958.37 958.37 Carter FCU LA 0.75 4/27/2026 14622LAA0 0.000 3/27/2025 3/27/2025 4/27/2026 0.00 0.00 142.68 142.68 Carter FCU LA 0.75 4/27/2026 14622LAA0 0.000 2/27/2025 2/27/2025 4/27/2026 0.00 0.00 157.97 157.97 Carter FCU LA 0.75 4/27/2026 14622LAA0 0.000 1/27/2025 1/27/2025 4/27/2026 0.00 0.00 157.97 157.97 Celtic Bank UT 3.65 9/26/2029 15118RR33 0.000 3/26/2025 3/26/2025 9/26/2029 0.00 0.00 694.40 694.40 Celtic Bank UT 3.65 9/26/2029 15118RR33 0.000 2/26/2025 2/26/2025 9/26/2029 0.00 0.00 768.80 768.80 Celtic Bank UT 3.65 9/26/2029 15118RR33 0.000 1/27/2025 1/27/2025 9/26/2029 0.00 0.00 768.80 768.80 Central Bank AK 4 5/12/2028 152577BN1 0.000 3/12/2025 3/12/2025 5/12/2028 0.00 0.00 760.99 760.99 Central Bank AK 4 5/12/2028 152577BN1 0.000 2/12/2025 2/12/2025 5/12/2028 0.00 0.00 842.52 842.52 Central Bank AK45/12/2028 152577BN1 0.000 1/13/2025 1/13/2025 5/12/2028 0.00 0.00 842.52 842.52 Chartway FCU VA 4.9 6/9/2026 16141 BAC5 0.000 3/10/2025 3/10/2025 6/9/2026 0.00 0.00 932.21 932.21 Chartway FCU VA 4.9 6/9/2026 16141 BAC5 0.000 2/10/2025 2/10/2025 6/9/2026 0.00 0.00 1,032.09 1,032.09 Chartway FCU VA 4.9 6/9/2026 16141 BAC5 0.000 1/9/2025 1/9/2025 6/9/2026 0.00 0.00 1,032.09 1,032.09 Chippewa Valley Bank WI 0.6 169894AS1 0.000 3/24/2025 3/24/2025 6/24/2025 0.00 0.00 114.15 114.15 6/24/2025 Chippewa Valley Bank WI 0.6 169894AS1 0.000 2/24/2025 2/24/2025 6/24/2025 0.00 0.00 126.38 126.38 6/24/2025 Chippewa Valley Bank WI 0.6 169894AS1 0.000 1/24/2025 1/24/2025 6/24/2025 0.00 0.00 126.38 126.38 6/24/2025 Citadel FCU PA 1.65 2/27/2025 17286TAG0 0.000 2/27/2025 2/27/2025 2/27/2025 0.00 0.00 347.54 347.54 Citadel FCU PA 1.65 2/27/2025 17286TAG0 0.000 1/27/2025 1/27/2025 2/27/2025 0.00 0.00 347.54 347.54 Comenity Capital Bank UT 2.65 20033A3A2 0.000 3/14/2025 3/14/2025 4/14/2027 0.00 0.00 504.15 504.15 4/14/2027 Comenity Capital Bank UT 2.65 20033A3A2 0.000 2/14/2025 2/14/2025 4/14/2027 0.00 0.00 558.17 558.17 4/14/2027 Comenity Capital Bank UT 2.65 20033A3A2 0.000 1/14/2025 1/14/2025 4/14/2027 0.00 0.00 558.17 558.17 4/14/2027 Commonwealth Business Bank CA 2027506M2 0.000 3/31/2025 3/31/2025 3/31/2025 0.00 0.00 254.79 254.79 1.25 3/31/2025 Commonwealth Business Bank CA 1.25 3/31/2025 2027506M2 0.000 3/3/2025 3/3/2025 3/31/2025 0.00 0.00 237.81 237.81 Commonwealth Business Bank CA 2027506M2 0.000 2/3/2025 2/3/2025 3/31/2025 0.00 0.00 263.29 263.29 1.25 3/31/2025 Commonwealth Business Bank CA 2027506M2 0.000 1/2/2025 1/2/2025 3/31/2025 0.00 0.00 263.29 263.29 1.25 3/31/2025 ConnectOne Bank NJ 0.8 9/24/2026 20786ADL6 0.000 3/24/2025 3/24/2025 9/24/2026 0.00 0.00 152.20 152.20 ConnectOne Bank NJ 0.8 9/24/2026 20786ADL6 0.000 2/24/2025 2/24/2025 9/24/2026 0.00 0.00 168.50 168.50 ConnectOne Bank NJ 0.8 9/24/2026 20786ADL6 0.000 1/24/2025 1/24/2025 9/24/2026 0.00 0.00 168.50 168.50 Connexus Credit Union WI 1.25 20825WAR1 0.000 3/31/2025 3/31/2025 12/23/2026 0.00 0.00 264.35 264.35 12/23/2026 192 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total Connexus Credit Union WI 1.25 20825WAR1 0.000 2/28/2025 2/28/2025 12/23/2026 0.00 0.00 238.77 238.77 12/23/2026 Connexus Credit Union WI 1.25 12/23/2026 20825WAR1 0.000 1/31/2025 1/31/2025 12/23/2026 0.00 0.00 264.35 264.35 Cornerstone Comm. FCU NY 3.7 21923MAB7 0.000 3/31/2025 3/31/2025 10/1/2029 0.00 0.00 754.19 754.19 10/1/2029 Cornerstone Comm. FCU NY 3.7 21923MAB7 0.000 2/28/2025 2/28/2025 10/1/2029 0.00 0.00 729.05 729.05 10/1/2029 Cornerstone Comm. FCU NY 3.7 21923MAB7 0.000 1/30/2025 1/30/2025 10/1/2029 0.00 0.00 779.33 779.33 10/1/2029 County Schools FCU CA 4.4 22258JAB7 0.000 3/31/2025 3/31/2025 9/30/2027 0.00 0.00 896.88 896.88 9/30/2027 County Schools FCU CA 4.4 9/30/2027 22258JAB7 0.000 2/28/2025 2/28/2025 9/30/2027 0.00 0.00 866.98 866.98 County Schools FCU CA 4.4 22258JAB7 0.000 1/30/2025 1/30/2025 9/30/2027 0.00 0.00 926.77 926.77 9/30/2027 Covantage Credit Union WI 4.2 22282XAD2 0.000 2/6/2025 2/6/2025 8/7/2028 0.00 0.00 2,614.82 2,614.82 8/7/2028 Cy -Fair FCU TX 4.5 5/12/2028 23248UAB3 0.000 3/12/2025 3/12/2025 5/12/2028 0.00 0.00 856.11 856.11 Cy -Fair FCU TX 4.5 5/12/2028 23248UAB3 0.000 2/12/2025 2/12/2025 5/12/2028 0.00 0.00 947.84 947.84 Cy -Fair FCU TX 4.5 5/12/2028 23248UAB3 0.000 1/13/2025 1/13/2025 5/12/2028 0.00 0.00 947.84 947.84 Direct FCU MA4.8 11/8/2027 25460FDW3 0.000 3/7/2025 3/7/2025 11/8/2027 0.00 0.00 913.18 913.18 Direct FCU MA4.8 11/8/2027 25460FDW3 0.000 2/7/2025 2/7/2025 11/8/2027 0.00 0.00 1,011.02 1,011.02 Direct FCU MA4.8 11/8/2027 25460FDW3 0.000 1/7/2025 1/7/2025 11/8/2027 0.00 0.00 1,011.02 1,011.02 Dort Financial Credit Union MI 4.5 25844MAK4 0.000 1/2/2025 1/2/2025 12/16/2027 0.00 0.00 2,801.59 2,801.59 12/16/2027 Erk Savings Bank NV 2 27004PCM3 0.000 3/3/2025 3/3/2025 3/2/2027 0.00 0.00 2,429.86 2,429.86 3/2/20272/2027 Empower FCU NY 5.25 11/15/2028 291916AJ3 0.000 3/10/2025 3/10/2025 11/15/2028 0.00 0.00 994.77 994.77 Empower FCU NY 5.25 11/15/2028 291916AJ3 0.000 2/10/2025 2/10/2025 11/15/2028 0.00 0.00 1,101.35 1,101.35 Empower FCU NY 5.25 11/15/2028 291916AJ3 0.000 1/10/2025 1/10/2025 11/15/2028 0.00 0.00 1,101.35 1,101.35 Enterprise Bank PA 4.6 6/7/2029 29367RND4 0.000 3/7/2025 3/7/2025 6/7/2029 0.00 0.00 875.13 875.13 Enterprise Bank PA 4.6 6/7/2029 29367RND4 0.000 2/7/2025 2/7/2025 6/7/2029 0.00 0.00 968.90 968.90 Enterprise Bank PA 4.6 6/7/2029 29367RND4 0.000 1/7/2025 1/7/2025 6/7/2029 0.00 0.00 968.90 968.90 EverBank,26 NA f/k/a TIAA FSB 0.5 87270LDL4 0.000 2/12/2025 2/12/2025 2/12/2026 0.00 0.00 617.53 617.53 2/12/2 2/12/2026 Evergreen Bank Group IL 3.85 300185LM5 0.000 3/27/2025 3/27/2025 7/27/2026 0.00 0.00 732.45 732.45 7/27/2026 Evergreen Bank Group IL 3.85 300185LM5 0.000 2/27/2025 2/27/2025 7/27/2026 0.00 0.00 810.93 810.93 7/27/2026 Evergreen Bank Group IL 3.85 7/27/2026 300185LM5 0.000 1/27/2025 1/27/2025 7/27/2026 0.00 0.00 810.93 810.93 Fahey Banking Company 4.2 303117DN2 0.000 3/28/2025 3/28/2025 8/30/2027 0.00 0.00 799.04 799.04 8/30/2027 Farmers & Merchants Bank of Colby 30781JBU3 0.000 3/5/2025 3/5/2025 7/5/2029 0.00 0.00 837.08 837.08 4.4 7/5/2029 193 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total Farmers & Merchants Bank of Colby 30781 JBU3 0.000 2/5/2025 2/5/2025 7/5/2029 0.00 0.00 926.77 926.77 4.4 7/5/2029 Farmers & Merchants Bank of Colby 30781JBU3 0.000 1/6/2025 1/6/2025 7/5/2029 0.00 0.00 926.77 926.77 4.4 7/5/2029 Farmers & Merchants Bank WI0.9 307811 DF3 0.000 3/14/2025 3/14/2025 7/14/2025 0.00 0.00 171.91 171.91 7/14/2025 Farmers &Merchants Bank WI0.9 307811 DF3 0.000 2/14/2025 2/14/2025 7/14/2025 0.00 0.00 190.33 190.33 7/14/2025 Farmers & Merchants Bank WI0.9 307811DF3 0.000 1/14/2025 1/14/2025 7/14/2025 0.00 0.00 190.33 190.33 7/14/2025 Farmers Insurance Group FCU 5.4 30960QAR8 0.000 3/26/2025 3/26/2025 7/28/2025 0.00 0.00 1,027.33 1,027.33 7/28/2025 Farmers Insurance Group FCU 5.4 30960QAR8 0.000 2/26/2025 2/26/2025 7/28/2025 0.00 0.00 1,137.40 1,137.40 7/28/2025 Farmers Insurance Group FCU 5.4 30960QAR8 0.000 1/27/2025 1/27/2025 7/28/2025 0.00 0.00 1,137.40 1,137.40 7/28/2025 FFCB 0.71 8/10/2026-23 3133EM2C5 0.000 2/10/2025 2/10/2025 8/10/2026 0.00 0.00 1,775.00 1,775.00 FFCB 0.8 9/10/2026 3133EM4X7 0.000 3/10/2025 3/10/2025 9/10/2026 0.00 0.00 4,000.00 4,000.00 FFCB 3.375 9/15/2027 3133ENL99 0.000 3/17/2025 3/17/2025 9/15/2027 0.00 0.00 16,875.00 16,875.00 FFCB 3.5 9/10/2029 3133ERSP7 0.000 3/10/2025 3/10/2025 9/10/2029 0.00 0.00 17,500.00 17,500.00 FFCB 3.75 8/15/2029 3133ERPS4 0.000 2/18/2025 2/18/2025 8/15/2029 0.00 0.00 18,750.00 18,750.00 FFCB 3.875 1/18/2029 3133EPW84 0.000 1/21/2025 1/21/2025 1/18/2029 0.00 0.00 38,750.00 38,750.00 FFCB 3.875 2/14/2028 3133EPAV7 0.000 2/14/2025 2/14/2025 2/14/2028 0.00 0.00 19,375.00 19,375.00 FFCB 4 9/29/2027 3133ENQ29 0.000 3/31/2025 3/31/2025 9/29/2027 0.00 0.00 20,000.00 20,000.00 FFCB 4.125 2/13/2029 3133EP3B9 0.000 2/13/2025 2/13/2025 2/13/2029 0.00 0.00 20,625.00 20,625.00 FFCB 4.25 7/17/2028 3133EPQDO 0.000 1/17/2025 1/17/2025 7/17/2028 0.00 0.00 21,250.00 21,250.00 FFCB 4.25 8/7/2028 3133EPSK2 0.000 2/7/2025 2/7/2025 8/7/2028 0.00 0.00 21,250.00 21,250.00 FHLB 0.51 1/14/2026-22 3130AKMZ6 0.000 1/14/2025 1/14/2025 1/14/2026 0.00 0.00 1,275.00 1,275.00 FHLB 0.55 1/29/2026-21 313OAKN28 0.000 1/29/2025 1/29/2025 1/29/2026 0.00 0.00 1,375.00 1,375.00 FHLB 0.55 1/7/2025-22 3130AP21-18 0.000 1/7/2025 1/7/2025 1/7/2025 0.00 0.00 1,375.00 1,375.00 FHLB 1 9/30/2026-22 3130APBM6 0.000 3/31/2025 3/31/2025 9/30/2026 0.00 0.00 5,000.00 5,000.00 FHLB 1.5 1/27/2027-23 3130AQJR5 0.000 1/27/2025 1/27/2025 1/27/2027 0.00 0.00 7,500.00 7,500.00 FHLB 1.7 2/24/2025-23 3130AQWY5 0.000 2/24/2025 2/24/2025 2/24/2025 0.00 0.00 8,500.00 8,500.00 FHLB 1.83 2/10/2027-23 3130AQSA2 0.000 2/10/2025 2/10/2025 2/10/2027 0.00 0.00 9,150.00 9,150.00 FHLB 4.125 9/14/2029 3130ATHX8 0.000 3/14/2025 3/14/2025 9/14/2029 0.00 0.00 20,625.00 20,625.00 FHLB 4.45 2/12/2029-27 3130AYXU5 0.000 2/12/2025 2/12/2025 2/12/2029 0.00 0.00 44,500.00 44,500.00 FHLB 4.75 9/8/2028 3130AXEL8 0.000 3/10/2025 3/10/2025 9/8/2028 0.00 0.00 23,750.00 23,750.00 FHLB 4.81 1/10/2025 3130AYKN5 0.000 1/10/2025 1/10/2025 1/10/2025 0.00 0.00 24,050.00 24,050.00 FHLB 5 2/15/2029-25 3130AYYJ9 0.000 2/18/2025 2/18/2025 2/15/2029 0.00 0.00 25,000.00 25,000.00 FHLB Step 3/30/2026 3130ALV92 0.000 3/31/2025 3/31/2025 3/30/2026 0.00 0.00 2,625.00 2,625.00 FHLMC 0.375 7/21/2025 3137EAEU9 0.000 1/21/2025 1/21/2025 7/21/2025 0.00 0.00 2,812.50 2,812.50 FHLMC 0.375 9/23/2025 3137EAEX3 0.000 3/24/2025 3/24/2025 9/23/2025 0.00 0.00 2,812.50 2,812.50 194 Description CUSIP/Ticker FHLMC 0.7 12/30/2026-21 3134GWUQ7 FHLMC 5.5 2/26/2029-25 3134H1 UX9 Fidelity Bank LA 0.7 4/30/2026 31617CAV5 Fidelity Bank LA 0.7 4/30/2026 31617CAV5 Fidelity Bank LA 0.7 4/30/2026 31617CAV5 Fieldpoint Private B&T CT 4 31657FBA4 9/4/2026 Fieldpoint Private B&T CT 4 9/4/2026 31657FBA4 Fieldpoint Private B&T CT 4 31657FBA4 9/4/2026 First Bank Elk River MN 4.4 31911 KAK4 6/30/2028 First Bank Elk River MN 4.4 31911 KAK4 6/30/2028 First Bank Elk River MN 4.4 31911 KAK4 6/30/2028 First Federal Savings IN 4.25 32021YEV1 7/9/2026 First Federal Savings IN 4.25 32021YEV1 7/9/2026 First Federal Savings IN 4.25 32021YEV1 7/9/2026 First Freedom Bank TN 1.2 32027BALl 2027BAL1 First Freedom Bank TN 1.2 32027BALl 4/29/2025 First Freedom Bank TN 1.2 32027BALl 4/29/2025 First Internet Bank of Indiana 1 32056GDJ6 5/12/2025 First Internet Bank of Indiana 1 32056GDJ6 5/12/2025 First Internet Bank of Indiana 1 32056GDJ6 5/12/2025 First Nat'l Bank of America MI 3.75 3211 OYQ24 10/30/2028 First Nat'l Bank of America MI 3.75 3211 OYQ24 10/30/2028 First Nat'l Bank of America MI 3.75 3211 OYQ24 10/30/2028 First Nat'l Bank of McGregor 1.35 32112UDR9 4/28/2025 First Nat'l Bank of McGregor 1.35 32112UDR9 4/28/2025 First Nat'l Bank of McGregor 1.35 32112UDR9 2112UDR9 YTM @ Settlement Face Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total 0.000 3/31/2025 3/31/2025 12/30/2026 0.00 0.00 3,500.00 3,500.00 0.000 2/26/2025 2/26/2025 2/26/2029 0.00 0.00 27,500.00 27,500.00 0.000 3/31/2025 3/31/2025 4/30/2026 0.00 0.00 142.68 142.68 0.000 2/28/2025 2/28/2025 4/30/2026 0.00 0.00 137.93 137.93 0.000 1 /30/2025 1 /30/2025 4/30/2026 0.00 0.00 147.44 147.44 0.000 3/4/2025 3/4/2025 9/4/2026 0.00 0.00 760.99 760.99 0.000 2/4/2025 2/4/2025 9/4/2026 0.00 0.00 842.52 842.52 0.000 1/6/2025 1/6/2025 9/4/2026 0.00 0.00 842.52 842.52 0.000 3/31/2025 3/31/2025 6/30/2028 0.00 0.00 896.88 896.88 0.000 2/28/2025 2/28/2025 6/30/2028 0.00 0.00 866.98 866.98 0.000 1 /30/2025 1 /30/2025 6/30/2028 0.00 0.00 926.77 926.77 0.000 3/10/2025 3/10/2025 7/9/2026 0.00 0.00 808.55 808.55 0.000 2/10/2025 2/10/2025 7/9/2026 0.00 0.00 895.18 895.18 0.000 1/9/2025 1/9/2025 7/9/2026 0.00 0.00 895.18 895.18 0.000 3/31/2025 3/31/2025 4/29/2025 0.00 0.00 237.40 237.40 0.000 2/28/2025 2/28/2025 4/29/2025 0.00 0.00 245.59 245.59 0.000 1 /29/2025 1 /29/2025 4/29/2025 0.00 0.00 253.78 253.78 0.000 3/11/2025 3/11/2025 5/12/2025 0.00 0.00 190.25 190.25 0.000 2/11/2025 2/11/2025 5/12/2025 0.00 0.00 210.63 210.63 0.000 1/13/2025 1/13/2025 5/12/2025 0.00 0.00 210.63 210.63 0.000 3/31/2025 3/31/2025 10/30/2028 0.00 0.00 764.38 764.38 0.000 2/28/2025 2/28/2025 10/30/2028 0.00 0.00 738.90 738.90 0.000 1 /30/2025 1 /30/2025 10/30/2028 0.00 0.00 789.86 789.86 0.000 3/28/2025 3/28/2025 4/28/2025 0.00 0.00 256.83 256.83 0.000 2/28/2025 2/28/2025 4/28/2025 0.00 0.00 284.35 284.35 0.000 1 /28/2025 1 /28/2025 4/28/2025 0.00 0.00 284.35 284.35 195 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total First Bank of Michigan 1.65 32114VBT3 0.000 2/14/2025 2/14/2025 2/14/2025 0.00 0.00 347.54 347.54 2/14/2022025 First Nat'l Bank of Michigan 1.65 32114VBT3 0.000 1/14/2025 1/14/2025 2/14/2025 0.00 0.00 347.54 347.54 2/14/2025 First Service CU f/k/a SPCO TX 4.35 78472EAB0 0.000 3/26/2025 3/26/2025 1/20/2028 0.00 0.00 830.91 830.91 1/20/2028 First Service CU f/k/a SPCO TX 4.35 1/20/2028 78472EAB0 0.000 2/20/2025 2/20/2025 1/20/2028 0.00 0.00 919.94 919.94 First Service CU f/k/a SPCO TX 4.35 78472EAB0 0.000 1/21/2025 1/21/2025 1/20/2028 0.00 0.00 919.94 919.94 1/20/2028 FNMA 0.58/14/2025-23 3135G05S8 0.000 2/14/2025 2/14/2025 8/14/2025 0.00 0.00 1,250.00 1,250.00 FNMA 0.52 8/18/2025 3136G4M75 0.000 2/18/2025 2/18/2025 8/18/2025 0.00 0.00 1,300.00 1,300.00 FNMA 0.568/21/2025-23 3136G4N74 0.000 2/21/2025 2/21/2025 8/21/2025 0.00 0.00 2,800.00 2,800.00 FNMA 5.05 3/26/2026-25 3135GAQR5 0.000 3/26/2025 3/26/2025 3/26/2026 0.00 0.00 25,250.00 25,250.00 FNMA 5.15 2/26/2027-25 3135GAPL9 0.000 2/26/2025 2/26/2025 2/26/2027 0.00 0.00 25,750.00 25,750.00 Forbright Bank MD 4.6 11/2/2027 34520LAT0 0.000 3/3/2025 3/3/2025 11/2/2027 0.00 0.00 875.13 875.13 Forbright Bank MD 4.6 11/2/2027 34520LAT0 0.000 2/3/2025 2/3/2025 11/2/2027 0.00 0.00 968.90 968.90 Forbright Bank MD 4.6 11/2/2027 34520LAT0 0.000 1/2/2025 1/2/2025 11/2/2027 0.00 0.00 968.90 968.90 Four Points FCU 4.55 5/11/2026 35089LAF0 0.000 3/10/2025 3/10/2025 5/11/2026 0.00 0.00 865.62 865.62 Four Points FCU 4.55 5/11/2026 35089LAF0 0.000 2/10/2025 2/10/2025 5/11/2026 0.00 0.00 958.37 958.37 Four Points FCU 4.55 5/11/2026 35089LAF0 0.000 1/10/2025 1/10/2025 5/11/2026 0.00 0.00 958.37 958.37 Freedom Financial Bank IA 1.55 35637RDC8 0.000 2/14/2025 2/14/2025 2/14/2025 0.00 0.00 326.48 326.48 2/14/2025 Freedom Financial Bank IA 1.55 35637RDC8 0.000 1/14/2025 1/14/2025 2/14/2025 0.00 0.00 326.48 326.48 2/14/2025 Global FCU f/k/a Alaska USA AK 4.6 011852AE0 0.000 3/10/2025 3/10/2025 3/8/2028 0.00 0.00 875.13 875.13 3/8/2028 Global FCU f/k/a Alaska USA AK 4.6 3/8/2028 011852AE0 0.000 2/10/2025 2/10/2025 3/8/2028 0.00 0.00 968.90 968.90 Global FCU f/k/a Alaska USA AK 4.6 011852AE0 0.000 1/8/2025 1/8/2025 3/8/2028 0.00 0.00 968.90 968.90 3/8/2028 Golden State Bank CA 4.45 38120MCA2 0.000 3/24/2025 3/24/2025 6/22/2027 0.00 0.00 850.01 850.01 6/22/2027 Golden State Bank CA 4.45 38120MCA2 0.000 2/24/2025 2/24/2025 6/22/2027 0.00 0.00 941.08 941.08 6/22/2027 Golden State Bank CA 4.45 38120MCA2 0.000 1/22/2025 1/22/2025 6/22/2027 0.00 0.00 941.08 941.08 6/22/2027 Goldman Sachs Bank USA 1 7/28/2026 38149MXK4 0.000 1/28/2025 1/28/2025 7/28/2026 0.00 0.00 1,250.19 1,250.19 Greenstate Credit Union IA 0.95 39573LBC1 0.000 3/3/2025 3/3/2025 4/16/2026 0.00 0.00 181.46 181.46 4/16/2026 Greenstate Credit Union IA 0.95 39573LBC1 0.000 2/3/2025 2/3/2025 4/16/2026 0.00 0.00 200.91 200.91 4/16/2026 Greenstate Credit Union IA 0.95 39573LBC1 0.000 1/2/2025 1/2/2025 4/16/2026 0.00 0.00 200.91 200.91 4/16/2016/2026 196 Description CUSIP/Ticker Healthcare Systems FCU VA 5.1 42228LAN1 10/27/2028 Healthcare Systems FCU VA 5.1 10/27/2028 42228LAN1 Healthcare Systems FCU VA 5.1 42228LAN1 10/27/2028 Ideal Credit Union MN 4.5 45157PAZ3 12/29/2027 Ideal Credit Union MN 4.5 45157PAZ3 12/29/2027 Ideal Credit Union MN 4.5 45157PAZ3 12/29/2027 International Finance Corp 0.5 4 5950VPS9 2/26/2026 Jeep Country FCU OH 4.7 6/29/2027 472312AA5 Jeep Country FCU OH 4.7 6/29/2027 472312AA5 Jeep Country FCU OH 4.7 6/29/2027 472312AA5 KeyBank NA OH 5 3/17/2025 49306SJ56 Knoxville TVA Employees Credit 499724AP7 Union 4.85 8/25/202 Knoxville TVA Employees Credit 499724AP7 Union 4.85 8/25/202 Knoxville TVA Employees Credit Union 4.85 8/25/202 499724AP7 LAIF City LGIP CITYLAIF3434 LAIF City LGIP CITYLAIF3434 LAIF City LGIP CITYLAIF3434 LAIF Housing LGIP HOUSINGLAIF3005 LAIF Housing LGIP HOUSINGLAIF3005 LAIF Housing LGIP HOUSINGLAIF3005 Latino Community Credit Union NC 51828MAC8 4.5 12/21 /2027 Latino Community Credit Union NC 51828MAC8 4.5 12/21 /2027 Latino Community Credit Union NC 51828MAC8 4.5 12/21 /2027 Leaders Credit Union TN 5.1 10/30/2028 52171 MAM7 Leaders Credit Union TN 5.1 52171 MAM7 10/30/2028 Leaders Credit Union TN 5.1 52171 MAM7 10/30/2028 Legacy Bank & Trust Co. MO 4.5 52470QEC4 9/27/2028 Legacy Bank & Trust Co. MO 4.5 52470QEC4 9/27/2028 YTM @ Settlement Face Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total 0.000 3/27/2025 3/27/2025 10/27/2028 0.00 0.00 970.26 970.26 0.000 2/27/2025 2/27/2025 10/27/2028 0.00 0.00 1,074.21 1,074.21 0.000 1 /27/2025 1 /27/2025 10/27/2028 0.00 0.00 1,074.21 1,074.21 0.000 3/3/2025 3/3/2025 12/29/2027 0.00 0.00 856.11 856.11 0.000 2/3/2025 2/3/2025 12/29/2027 0.00 0.00 947.84 947.84 0.000 1/2/2025 1/2/2025 12/29/2027 0.00 0.00 947.84 947.84 0.000 2/26/2025 2/26/2025 2/26/2026 0.00 0.00 1,250.00 1,250.00 0.000 3/31/2025 3/31/2025 6/29/2027 0.00 0.00 926.09 926.09 0.000 2/28/2025 2/28/2025 6/29/2027 0.00 0.00 958.03 958.03 0.000 1 /29/2025 1 /29/2025 6/29/2027 0.00 0.00 989.96 989.96 0.000 3/17/2025 3/17/2025 3/17/2025 0.00 0.00 6,116.71 6,116.71 0.000 3/3/2025 3/3/2025 8/25/2028 0.00 0.00 922.70 922.70 0.000 2/3/2025 2/3/2025 8/25/2028 0.00 0.00 1,021.56 1,021.56 0.000 1/2/2025 1/2/2025 8/25/2028 0.00 0.00 1,021.56 1,021.56 0.000 3/31/2025 3/31/2025 N/A 0.00 0.00 75,529.02 75,529.02 0.000 2/28/2025 2/28/2025 N/A 0.00 0.00 75,529.02 75,529.02 0.000 1 /31 /2025 1 /31 /2025 N/A 0.00 0.00 75,529.02 75,529.02 0.000 3/31/2025 3/31/2025 N/A 0.00 0.00 8,092.14 8,092.14 0.000 2/28/2025 2/28/2025 N/A 0.00 0.00 8,092.14 8,092.14 0.000 1 /31 /2025 1 /31 /2025 N/A 0.00 0.00 8,092.14 8,092.14 0.000 3/21 /2025 3/21 /2025 12/21 /2027 0.00 0.00 856.11 856.11 0.000 2/21 /2025 2/21 /2025 12/21 /2027 0.00 0.00 947.84 947.84 0.000 1 /21 /2025 1 /21 /2025 12/21 /2027 0.00 0.00 947.84 947.84 0.000 3/31/2025 3/31/2025 10/30/2028 0.00 0.00 1,039.56 1,039.56 0.000 2/28/2025 2/28/2025 10/30/2028 0.00 0.00 1,004.91 1,004.91 0.000 1 /30/2025 1 /30/2025 10/30/2028 0.00 0.00 1,074.21 1,074.21 0.000 3/27/2025 3/27/2025 9/27/2028 0.00 0.00 856.11 856.11 0.000 2/27/2025 2/27/2025 9/27/2028 0.00 0.00 947.84 947.84 197 Description CUSIP/Ticker Legacy Bank & Trust Co. MO 4.5 52470QEC4 9/27/2028 Legends Bank TN 3.75 9/11/2028 52465JKL0 Legends Bank TN 3.75 9/11/2028 52465JKL0 Legends Bank TN 3.75 9/11/2028 52465JKL0 Liberty First Credit Union NE 4.5 30520AH8 5 2/22/2028 Liberty First Credit Union NE 4.5 530520AH8 2/22/2028 Liberty First Credit Union NE 4.5 2/22/2028 30520AH8 5 Maine Community Bank 3.75 60390DC7 5 8/30/2027 Maine Community Bank 3.75 60390DC7 5 8/30/2027 Maine Community Bank 3.75 60390DC7 5 8/30/2027 Maine Savings FCU 4.8 7/21/2028 560507AQ8 Maine Savings FCU 4.8 7/21/2028 560507AQ8 Maine Savings FCU 4.8 7/21/2028 560507AQ8 Marathon Bank WI 1.8 3/16/2027 565819AG4 Marathon Bank WI 1.8 3/16/2027 565819AG4 Marathon Bank WI 1.8 3/16/2027 565819AG4 Marine FCU NC 4 8/31/2026 56824JBC7 Marine FCU NC 4 8/31/2026 56824JBC7 Marine FCU NC 4 8/31/2026 56824JBC7 Medallion Bank UT 4.85 10/20/2028 58404DTP6 Medallion Bank UT 4.85 10/20/2028 58404DTP6 Medallion Bank UT 4.85 10/20/2028 58404DTP6 Merrick Bank UT 1.1 11/9/2026 59013KPN0 Merrick Bank UT 1.1 11/9/2026 59013KPN0 Merrick Bank UT 1.1 11/9/2026 59013KPN0 Metro Credit Union MA 1.7 2/18/2027 59161 YAP1 Metro Credit Union MA 1.7 2/18/2027 59161 YAP1 Metro Credit Union MA 1.7 2/18/2027 59161YAP1 Mid Carolina Credit Union SC 4.85 3/13/2026 5 9524LAA4 Mid Carolina Credit Union SC 4.85 9524LAA4 5 3/13/2026 Mid Carolina Credit Union SC 4.85 5 9524LAA4 3/13/2026 Minnwest Bank MN 4.25 5/3/2027 60425SKB4 Minnwest Bank MN 4.25 5/3/2027 60425SKB4 YTM @ Settlement Face Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total 0.000 1 /27/2025 1 /27/2025 9/27/2028 0.00 0.00 947.84 947.84 0.000 3/11 /2025 3/11 /2025 9/11/2028 0.00 0.00 713.42 713.42 0.000 2/11 /2025 2/11 /2025 9/11/2028 0.00 0.00 789.86 789.86 0.000 1/13/2025 1/13/2025 9/11/2028 0.00 0.00 789.86 789.86 0.000 3/3/2025 3/3/2025 2/22/2028 0.00 0.00 856.11 856.11 0.000 2/3/2025 2/3/2025 2/22/2028 0.00 0.00 947.84 947.84 0.000 1/2/2025 1/2/2025 2/22/2028 0.00 0.00 947.84 947.84 0.000 3/31 /2025 3/31 /2025 8/30/2027 0.00 0.00 764.38 764.38 0.000 2/28/2025 2/28/2025 8/30/2027 0.00 0.00 738.90 738.90 0.000 1 /30/2025 1 /30/2025 8/30/2027 0.00 0.00 789.86 789.86 0.000 3/21 /2025 3/21 /2025 7/21/2028 0.00 0.00 913.18 913.18 0.000 2/21 /2025 2/21 /2025 7/21/2028 0.00 0.00 1,011.02 1,011.02 0.000 1/21/2025 1/21/2025 7/21/2028 0.00 0.00 1,011.02 1,011.02 0.000 3/17/2025 3/17/2025 3/16/2027 0.00 0.00 342.44 342.44 0.000 2/18/2025 2/18/2025 3/16/2027 0.00 0.00 379.13 379.13 0.000 1/16/2025 1/16/2025 3/16/2027 0.00 0.00 379.13 379.13 0.000 3/31 /2025 3/31 /2025 8/31/2026 0.00 0.00 815.34 815.34 0.000 2/28/2025 2/28/2025 8/31/2026 0.00 0.00 788.16 788.16 0.000 1 /30/2025 1 /30/2025 8/31/2026 0.00 0.00 842.52 842.52 0.000 3/20/2025 3/20/2025 10/20/2028 0.00 0.00 922.70 922.70 0.000 2/20/2025 2/20/2025 10/20/2028 0.00 0.00 1,021.56 1,021.56 0.000 1/21/2025 1/21/2025 10/20/2028 0.00 0.00 1,021.56 1,021.56 0.000 3/10/2025 3/10/2025 11/9/2026 0.00 0.00 210.12 210.12 0.000 2/10/2025 2/10/2025 11/9/2026 0.00 0.00 232.63 232.63 0.000 1 /9/2025 1 /9/2025 11/9/2026 0.00 0.00 232.63 232.63 0.000 3/3/2025 3/3/2025 2/18/2027 0.00 0.00 324.72 324.72 0.000 2/3/2025 2/3/2025 2/18/2027 0.00 0.00 359.52 359.52 0.000 1/2/2025 1/2/2025 2/18/2027 0.00 0.00 359.52 359.52 0.000 3/13/2025 3/13/2025 3/13/2026 0.00 0.00 922.70 922.70 0.000 2/13/2025 2/13/2025 3/13/2026 0.00 0.00 1,021.56 1,021.56 0.000 1/13/2025 1/13/2025 3/13/2026 0.00 0.00 1,021.56 1,021.56 0.000 3/3/2025 3/3/2025 5/3/2027 0.00 0.00 808.55 808.55 0.000 2/3/2025 2/3/2025 5/3/2027 0.00 0.00 895.18 895.18 198 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total Minnwest Bank MN 4.25 5/3/2027 60425SKB4 0.000 1/2/2025 1/2/2025 5/3/2027 0.00 0.00 895.18 895.18 Money One FCU MD 5 9/14/2028 60936TAL3 0.000 3/14/2025 3/14/2025 9/14/2028 0.00 0.00 951.23 951.23 Money One FCU MD 5 9/14/2028 60936TAL3 0.000 2/14/2025 2/14/2025 9/14/2028 0.00 0.00 1,053.15 1,053.15 Money One FCU MD 5 9/14/2028 60936TAL3 0.000 1/14/2025 1/14/2025 9/14/2028 0.00 0.00 1,053.15 1,053.15 Mountain American FCU 4.7 62384RAT3 0.000 3/3/2025 3/3/2025 4/28/2026 0.00 0.00 894.16 894.16 4/28/2026 Mountain American FCU 4.7 4/28/2026 62384RAT3 0.000 2/3/2025 2/3/2025 4/28/2026 0.00 0.00 989.96 989.96 Mountain American FCU 4.7 62384RAT3 0.000 1/2/2025 1/2/2025 4/28/2026 0.00 0.00 989.96 989.96 4/28/2026 MVB Bank, Inc. WV 4.05 2/1/2028 62847NEP7 0.000 3/3/2025 3/3/2025 2/1/2028 0.00 0.00 770.50 770.50 MVB Bank, Inc. WV 4.05 2/1/2028 62847NEP7 0.000 2/3/2025 2/3/2025 2/1/2028 0.00 0.00 853.05 853.05 MVB Bank, Inc. WV 4.05 2/1/2028 62847NEP7 0.000 1/2/2025 1/2/2025 2/1/2028 0.00 0.00 853.05 853.05 Nelnet Bank UT 1.8 3/2/2026 64034KAZ4 0.000 3/3/2025 3/3/2025 3/2/2026 0.00 0.00 2,186.88 2,186.88 Nicolet National Bank WI 1.4 654062JZ2 0.000 3/31/2025 3/31/2025 3/31/2025 0.00 0.00 294.88 294.88 3/31/2025 Nicolet National Bank WI 1.4 654062JZ2 0.000 2/28/2025 2/28/2025 3/31/2025 0.00 0.00 266.35 266.35 3/31/2025 Nicolet National Bank WI 1.4 654062JZ2 0.000 1/31/2025 1/31/2025 3/31/2025 0.00 0.00 294.88 294.88 3/31/2025 Northpointe Bank MI 4.85 666613MK7 0.000 3/20/2025 3/20/2025 10/20/2028 0.00 0.00 922.70 922.70 10/20/2028 Northpointe Bank MI 4.85 666613MK7 0.000 2/20/2025 2/20/2025 10/20/2028 0.00 0.00 1,021.56 1,021.56 10/20/2028 Northpointe Bank MI 4.85 666613MK7 0.000 1/21/2025 1/21/2025 10/20/2028 0.00 0.00 1,021.56 1,021.56 10/20/2028 Numerica CU 4.15 11/26/2029 67054NBT9 0.000 3/26/2025 3/26/2025 11/26/2029 0.00 0.00 789.52 789.52 Numerica CU 4.15 11/26/2029 67054NBT9 0.000 2/26/2025 2/26/2025 11/26/2029 0.00 0.00 874.12 874.12 Numerica CU 4.15 11/26/2029 67054NBT9 0.000 1/27/2025 1/27/2025 11/26/2029 0.00 0.00 874.12 874.12 Oregon Community Credit Union 68584JAT6 0.000 3/7/2025 3/7/2025 6/7/2027 0.00 0.00 922.70 922.70 4.85 6/7/2027 Oregon Community Credit Union 68584JAT6 0.000 2/7/2025 2/7/2025 6/7/2027 0.00 0.00 1,021.56 1,021.56 4.85 6/7/2027 Oregon Community Credit Union 4.85 6/7/2027 68584JAT6 0.000 1/7/2025 1/7/2025 6/7/2027 0.00 0.00 1,021.56 1,021.56 Pacific Crest Savings Bank WA 3.9 69417ADA4 0.000 3/17/2025 3/17/2025 8/16/2029 0.00 0.00 741.96 741.96 8/16/2029 Pacific Crest Savings Bank WA 3.9 8/16/2029 69417ADA4 0.000 2/18/2025 2/18/2025 8/16/2029 0.00 0.00 821.46 821.46 Pacific Crest Savings Bank WA 3.9 69417ADA4 0.000 1/16/2025 1/16/2025 8/16/2029 0.00 0.00 821.46 821.46 8/16/2029 Parkside Financial B&T MO 3.75 70147AGA6 0.000 3/13/2025 3/13/2025 9/13/2028 0.00 0.00 713.42 713.42 9/13/2028 Park9/13/202 Financial B&T MO 3.75 70147AGA6 0.000 2/13/2025 2/13/2025 9/13/2028 0.00 0.00 789.86 789.86 9/13/2028 199 YTM @ Settlement Face Description CUSIP/Ticker Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total Parkside Financial B&T MO 3.75 70147AGA6 0.000 1/13/2025 1/13/2025 9/13/2028 0.00 0.00 789.86 789.86 9/13/2028 Pentagon FCU 0.7 9/2/2025 70962LAF9 0.000 3/3/2025 3/3/2025 9/2/2025 0.00 0.00 133.71 133.71 Pentagon FCU 0.7 9/2/2025 70962LAF9 0.000 2/3/2025 2/3/2025 9/2/2025 0.00 0.00 148.04 148.04 Pentagon FCU 0.7 9/2/2025 70962LAF9 0.000 1/2/2025 1/2/2025 9/2/2025 0.00 0.00 148.04 148.04 Peoples Exchange Bank KY 4.15 8/9/2027 71104AAS2 0.000 3/10/2025 3/10/2025 8/9/2027 0.00 0.00 789.52 789.52 Peoples Exchange Bank KY 4.15 71104AAS2 0.000 2/10/2025 2/10/2025 8/9/2027 0.00 0.00 874.12 874.12 8/9/2027 Peoples Exchange Bank KY 4.15 71104AAS2 0.000 1/9/2025 1/9/2025 8/9/2027 0.00 0.00 874.12 874.12 8/9/2027 Ponce Bank NY 3.5 9/15/2027 732329BD8 0.000 3/17/2025 3/17/2025 9/15/2027 0.00 0.00 665.86 665.86 Ponce Bank NY 3.5 9/15/2027 732329BD8 0.000 2/18/2025 2/18/2025 9/15/2027 0.00 0.00 737.21 737.21 Ponce Bank NY 3.5 9/15/2027 732329BD8 0.000 1/15/2025 1/15/2025 9/15/2027 0.00 0.00 737.21 737.21 Prevail Bank WI 4.25 1/24/2028 887171AB2 0.000 3/24/2025 3/24/2025 1/24/2028 0.00 0.00 811.81 811.81 Prevail Bank WI 4.25 1/24/2028 887171AB2 0.000 2/24/2025 2/24/2025 1/24/2028 0.00 0.00 898.79 898.79 Prevail Bank WI 4.25 1/24/2028 887171AB2 0.000 1/24/2025 1/24/2025 1/24/2028 0.00 0.00 898.79 898.79 RiverWood Bank MN 3.85 3/11/2027 76951DBZ2 0.000 3/11/2025 3/11/2025 3/11/2027 0.00 0.00 732.45 732.45 RiverWood Bank MN 3.85 3/11/2027 76951DBZ2 0.000 2/11/2025 2/11/2025 3/11/2027 0.00 0.00 810.93 810.93 RiverWood Bank MN 3.85 3/11/2027 76951DBZ2 0.000 1/13/2025 1/13/2025 3/11/2027 0.00 0.00 810.93 810.93 Rize FCU f/k/a SCE CA 4.7 6/20/2029 78413RAV9 0.000 3/20/2025 3/20/2025 6/20/2029 0.00 0.00 894.16 894.16 Rize FCU f/k/a SCE CA 4.7 6/20/2029 78413RAV9 0.000 2/20/2025 2/20/2025 6/20/2029 0.00 0.00 989.96 989.96 FCU f/k/a SCE CA 4.7 / 6/20 620/2029 78413RAV9 0.000 1/21/2025 1/21/2025 6/20/2029 0.00 0.00 989.96 989.96 Rockland FCU MA4.612/22/2026 77357DADO 0.000 3/24/2025 3/24/2025 12/22/2026 0.00 0.00 875.13 875.13 Rockland FCU MA4.612/22/2026 77357DADO 0.000 2/24/2025 2/24/2025 12/22/2026 0.00 0.00 968.90 968.90 Rockland FCU MA4.612/22/2026 77357DADO 0.000 1/22/2025 1/22/2025 12/22/2026 0.00 0.00 968.90 968.90 Safra Nat'l Bank NY f/k/a/ Delta Nat'l 24773RCR4 0.000 3/10/2025 3/10/2025 2/25/2027 0.00 0.00 2,429.86 2,429.86 22 Sallie Mae Bank UT 1 7/28/2026 795451AFO 0.000 1/28/2025 1/28/2025 7/28/2026 0.00 0.00 1,250.19 1,250.19 San Francisco FCU CA4.35 79772FAG1 0.000 3/3/2025 3/3/2025 2/3/2028 0.00 0.00 827.57 827.57 2/3/2028 San Francisco FCU CA4.35 2/3/2028 79772FAG1 0.000 2/3/2025 2/3/2025 2/3/2028 0.00 0.00 916.24 916.24 San Francisco FCU CA4.35 2/3/2028 79772FAG1 0.000 1/3/2025 1/3/2025 2/3/2028 0.00 0.00 916.24 916.24 Scient FCU CT 4.65 1/13/2025 80865MAB3 0.000 1/13/2025 1/13/2025 1/13/2025 0.00 0.00 379.13 379.13 Scient FCU CT 4.65 1/13/2025 80865MAB3 0.000 1/2/2025 1/2/2025 1/13/2025 0.00 0.00 979.43 979.43 Signature FCU VA4.4 1/31/2028 82671DAB3 0.000 3/31/2025 3/31/2025 1/31/2028 0.00 0.00 926.77 926.77 Signature FCU VA4.4 1/31/2028 82671DAB3 0.000 2/28/2025 2/28/2025 1/31/2028 0.00 0.00 837.08 837.08 Signature FCU VA4.4 1/31/2028 82671DAB3 0.000 1/31/2025 1/31/2025 1/31/2028 0.00 0.00 926.77 926.77 200 Description CUSIP/Ticker Simmons Bank f/k/a Landmark 51507LCC6 Comm. 0.5 1/22/2026 Simmons Bank f/k/a Landmark 51507LCC6 Comm. 0.5 1/22/2026 Simmons Bank f/k/a Landmark 51507LCC6 Comm. 0.5 1/22/2026 SkyOne FCU CA 3.9 10/25/2028 83088XAR9 SkyOne FCU CA 3.9 10/25/2028 83088XAR9 SkyOne FCU CA 3.9 10/25/2028 83088XAR9 SNB Bank, NA OK 4.1 8/14/2028 78470MBS6 SNB Bank, NA OK 4.1 8/14/2028 78470MBS6 SNB Bank, NA OK 4.1 8/14/2028 78470MBS6 Southern Bank MO 4.2 5/17/2028 843383CS7 Southern Bank MO 4.2 5/17/2028 843383CS7 Southern Bank MO 4.2 5/17/2028 843383CS7 Southern Bank of TN 4.35 7/12/2029 84229QAC5 Southern Bank of TN 4.35 7/12/2029 84229QAC5 Southern Bank of TN 4.35 7/12/2029 84229QAC5 Southern First Bank SC 4.7 5/14/2025 84287PJH6 Southern First Bank SC 4.7 84287PJH6 5/14/2025 Southern First Bank SC 4.7 84287PJH6 5/14/2025 Spring Bank NY 1.5 3/20/2025 849430BF9 Spring Bank NY 1.5 3/20/2025 849430BF9 Spring Bank NY 1.5 3/20/2025 849430BF9 St. Vincent's Medical Center FCU 4.6 5279AAC6 8 6/16/2027 St. Vincent's Medical Center FCU 4.6 85279AAC6 6/16/2027 St. Vincent's Medical Center FCU 4.6 8 5279AAC6 6/16/2027 Stearns Bank, NA MN 4.2 8/9/2027 857894Q51 Sunwest Bank 3.55 9/28/2029 86804DDGO Sunwest Bank 3.55 9/28/2029 86804DDGO Sunwest Bank 3.55 9/28/2029 86804DDGO Synchrony Bank 0.9 9/3/2026 87165ET98 Technology Credit Union CA 5 87868YAQ6 5/29/2026 Technology Credit Union CA 5 87868YAQ6 5/29/2026 Technology Credit Union CA 5 87868YAQ6 5/29/2026 YTM @ Settlement Face Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total 0.000 3/24/2025 3/24/2025 1/22/2026 0.00 0.00 95.12 95.12 0.000 2/24/2025 2/24/2025 1/22/2026 0.00 0.00 105.32 105.32 0.000 1 /22/2025 1 /22/2025 1/22/2026 0.00 0.00 105.32 105.32 0.000 3/25/2025 3/25/2025 10/25/2028 0.00 0.00 741.96 741.96 0.000 2/25/2025 2/25/2025 10/25/2028 0.00 0.00 821.46 821.46 0.000 1 /27/2025 1 /27/2025 10/25/2028 0.00 0.00 821.46 821.46 0.000 3/14/2025 3/14/2025 8/14/2028 0.00 0.00 780.01 780.01 0.000 2/14/2025 2/14/2025 8/14/2028 0.00 0.00 863.58 863.58 0.000 1/14/2025 1/14/2025 8/14/2028 0.00 0.00 863.58 863.58 0.000 3/17/2025 3/17/2025 5/17/2028 0.00 0.00 799.04 799.04 0.000 2/18/2025 2/18/2025 5/17/2028 0.00 0.00 884.65 884.65 0.000 1/17/2025 1/17/2025 5/17/2028 0.00 0.00 884.65 884.65 0.000 3/12/2025 3/12/2025 7/12/2029 0.00 0.00 827.57 827.57 0.000 2/12/2025 2/12/2025 7/12/2029 0.00 0.00 916.24 916.24 0.000 1/13/2025 1/13/2025 7/12/2029 0.00 0.00 916.24 916.24 0.000 3/14/2025 3/14/2025 5/14/2025 0.00 0.00 894.16 894.16 0.000 2/14/2025 2/14/2025 5/14/2025 0.00 0.00 989.96 989.96 0.000 1/14/2025 1/14/2025 5/14/2025 0.00 0.00 989.96 989.96 0.000 3/20/2025 3/20/2025 3/20/2025 0.00 0.00 285.37 285.37 0.000 2/20/2025 2/20/2025 3/20/2025 0.00 0.00 315.95 315.95 0.000 1 /21 /2025 1 /21 /2025 3/20/2025 0.00 0.00 315.95 315.95 0.000 3/17/2025 3/17/2025 6/16/2027 0.00 0.00 875.13 875.13 0.000 2/18/2025 2/18/2025 6/16/2027 0.00 0.00 968.90 968.90 0.000 1/16/2025 1/16/2025 6/16/2027 0.00 0.00 968.90 968.90 0.000 2/10/2025 2/10/2025 8/9/2027 0.00 0.00 5,166.12 5,166.12 0.000 3/31 /2025 3/31 /2025 9/28/2029 0.00 0.00 723.62 723.62 0.000 2/28/2025 2/28/2025 9/28/2029 0.00 0.00 699.50 699.50 0.000 1 /30/2025 1 /30/2025 9/28/2029 0.00 0.00 747.74 747.74 0.000 3/3/2025 3/3/2025 9/3/2026 0.00 0.00 1,093.44 1,093.44 0.000 3/3/2025 3/3/2025 5/29/2026 0.00 0.00 951.23 951.23 0.000 2/3/2025 2/3/2025 5/29/2026 0.00 0.00 1,053.15 1,053.15 0.000 1/2/2025 1/2/2025 5/29/2026 0.00 0.00 1,053.15 1,053.15 201 YTM @ Settlement Face Description CUSIP/Ticker Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total Texas Exchange Bank 3.7 9/6/2029 88241TSW1 0.000 3/6/2025 3/6/2025 9/6/2029 0.00 0.00 703.91 703.91 Texas Exchange Bank 3.7 9/6/2029 88241TSW1 0.000 2/6/2025 2/6/2025 9/6/2029 0.00 0.00 779.33 779.33 Texas Exchange Bank 3.7 9/6/2029 88241TSW1 0.000 1/6/2025 1/6/2025 9/6/2029 0.00 0.00 779.33 779.33 The Genoa Banking Co. 4.6 11/28/2028 372348DJ8 0.000 3/28/2025 3/28/2025 11/28/2028 0.00 0.00 875.13 875.13 The Genoa Banking Co. 4.6 372348DJ8 0.000 2/28/2025 2/28/2025 11/28/2028 0.00 0.00 968.90 968.90 11/28/2028 The Genoa Banking Co. 4.6 372348DJ8 0.000 1/28/2025 1/28/2025 11/28/2028 0.00 0.00 968.90 968.90 11/28/2028 The Greenwood's State Bank WI 397417AQ9 0.000 3/17/2025 3/17/2025 5/17/2027 0.00 0.00 580.25 580.25 3.05 5/17/2027 The Greenwood's State Bank WI 397417AQ9 0.000 2/18/2025 2/18/2025 5/17/2027 0.00 0.00 642.42 642.42 3.05 5/17/2027 The Greenwood's State Bank WI 397417AQ9 0.000 1/17/2025 1/17/2025 5/17/2027 0.00 0.00 642.42 642.42 3.05 5/17/20277/2027 Third Federal Savings & Loan 3.3 88413QDN5 0.000 2/19/2025 2/19/2025 8/19/2027 0.00 0.00 4,075.73 4,075.73 8/19/2027 T-Note 0.375 1/31/2026 91282CBH3 0.000 1/31/2025 1/31/2025 1/31/2026 0.00 0.00 937.50 937.50 T-Note 0.5 2/28/2026 91282CBQ3 0.000 2/28/2025 2/28/2025 2/28/2026 0.00 0.00 3,125.00 3,125.00 T-Note 0.625 7/31/2026 91282CCP4 0.000 1/31/2025 1/31/2025 7/31/2026 0.00 0.00 3,125.00 3,125.00 T-Note 0.75 3/31/2026 91282CBT7 0.000 3/31/2025 3/31/2025 3/31/2026 0.00 0.00 3,750.00 3,750.00 T-Note 0.75 8/31/2026 91282CCW9 0.000 2/28/2025 2/28/2025 8/31/2026 0.00 0.00 5,625.00 5,625.00 T-Note 1.5 1 /31 /2027 912828Z78 0.000 1/31/2025 1/31/2025 1 /31 /2027 0.00 0.00 7,500.00 7,500.00 T-Note 1.875 7/31/2026 912828Y95 0.000 1/31/2025 1/31/2025 7/31/2026 0.00 0.00 9,375.00 9,375.00 T-Note 2.25 8/15/2027 9128282RO 0.000 2/18/2025 2/18/2025 8/15/2027 0.00 0.00 11,250.00 11,250.00 T-Note 2.5 3/31/2027 91282CEF4 0.000 3/31/2025 3/31/2025 3/31/2027 0.00 0.00 12,500.00 12,500.00 T-Note 2.625 2/15/2029 9128286B1 0.000 2/18/2025 2/18/2025 2/15/2029 0.00 0.00 13,125.00 13,125.00 T-Note 2.75 7/31/2027 91282CFB2 0.000 1/31/2025 1/31/2025 7/31/2027 0.00 0.00 27,500.00 27,500.00 T-Note 3.125 8/31/2027 91282CFH9 0.000 2/28/2025 2/28/2025 8/31/2027 0.00 0.00 7,812.50 7,812.50 T-Note 3.5 1 /31 /2028 91282CGH8 0.000 1/31/2025 1/31/2025 1 /31 /2028 0.00 0.00 35,000.00 35,000.00 T-Note 3.5 1 /31 /2030 91282CGJ4 0.000 1/31/2025 1/31/2025 1 /31 /2030 0.00 0.00 17,500.00 17,500.00 T-Note 3.5 9/30/2029 91282CLN9 0.000 3/31/2025 3/31/2025 9/30/2029 0.00 0.00 17,500.00 17,500.00 T-Note 3.625 3/31/2028 91282CGT2 0.000 3/31/2025 3/31/2025 3/31/2028 0.00 0.00 54,375.00 54,375.00 T-Note 3.625 8/31/2029 91282CLK5 0.000 2/28/2025 2/28/2025 8/31/2029 0.00 0.00 36,250.00 36,250.00 T-Note 3.875 9/30/2029 91282CFLO 0.000 3/31/2025 3/31/2025 9/30/2029 0.00 0.00 19,375.00 19,375.00 T-Note 4 1/15/2027 91282CJT9 0.000 1/15/2025 1/15/2025 1/15/2027 0.00 0.00 20,000.00 20,000.00 T-Note 4 2/28/2030 91282CGQ8 0.000 2/28/2025 2/28/2025 2/28/2030 0.00 0.00 40,000.00 40,000.00 T-Note 4 7/31/2029 91282CLC3 0.000 1/31/2025 1/31/2025 7/31/2029 0.00 0.00 20,000.00 20,000.00 T-Note 4.125 3/31/2029 91282CKG5 0.000 3/31/2025 3/31/2025 3/31/2029 0.00 0.00 20,625.00 20,625.00 T-Note 4.125 9/30/2027 91282CFM8 0.000 3/31/2025 3/31/2025 9/30/2027 0.00 0.00 20,625.00 20,625.00 T-Note 4.25 1/31/2026 91282CJV4 0.000 1/31/2025 1/31/2025 1/31/2026 0.00 0.00 21,250.00 21,250.00 202 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total Transportation Alliance Bank 0.4 89388CEYO 0.000 1/23/2025 1/23/2025 1/23/2025 0.00 0.00 84.25 84.25 1/23/2025 True Sky FCU 1.6 2/4/2027 89786MAF1 0.000 2/4/2025 2/4/2025 2/4/2027 0.00 0.00 1,976.11 1,976.11 Truliant FCU NC 4.7 9/10/2027 89789AAG2 0.000 3/10/2025 3/10/2025 9/10/2027 0.00 0.00 894.16 894.16 Truliant FCU NC 4.7 9/10/2027 89789AAG2 0.000 2/10/2025 2/10/2025 9/10/2027 0.00 0.00 989.96 989.96 Truliant FCU NC 4.7 9/10/2027 89789AAG2 0.000 1/10/2025 1/10/2025 9/10/2027 0.00 0.00 989.96 989.96 Tuscon FCU AZ 5 9/8/2028 898812AC6 0.000 3/10/2025 3/10/2025 9/8/2028 0.00 0.00 951.23 951.23 Tuscon FCU AZ 5 9/8/2028 898812AC6 0.000 2/10/2025 2/10/2025 9/8/2028 0.00 0.00 1,053.15 1,053.15 Tuscon FCU AZ 5 9/8/2028 898812AC6 0.000 1/8/2025 1/8/2025 9/8/2028 0.00 0.00 1,053.15 1,053.15 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 0.000 3/25/2025 3/25/2025 10/25/2028 0.00 0.00 932.21 932.21 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 0.000 2/25/2025 2/25/2025 10/25/2028 0.00 0.00 1,032.09 1,032.09 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 0.000 1/27/2025 1/27/2025 10/25/2028 0.00 0.00 1,032.09 1,032.09 United Bankers' Bank 5 3/17/2025 909557KQ2 0.000 3/17/2025 3/17/2025 3/17/2025 0.00 0.00 985.21 985.21 United Bankers' Bank 5 3/17/2025 909557KQ2 0.000 2/18/2025 2/18/2025 3/17/2025 0.00 0.00 1,053.15 1,053.15 United Bankers' Bank 5 3/17/2025 909557KQ2 0.000 1/16/2025 1/16/2025 3/17/2025 0.00 0.00 1,053.15 1,053.15 United Community Bank IL 1.65 2/7/2025 90983WBT7 0.000 2/7/2025 2/7/2025 2/7/2025 0.00 0.00 347.54 347.54 United Community Bank IL 1.65 90983WBT7 0.000 1/7/2025 1/7/2025 2/7/2025 0.00 0.00 347.54 347.54 2/7/2025 United Fidelity Bank, fsb IN 4.5 910286GN7 0.000 3/31/2025 3/31/2025 6/29/2028 0.00 0.00 886.68 886.68 6/29/2028 United Fidelity Bank, fsb IN 4.5 910286GN7 0.000 2/28/2025 2/28/2025 6/29/2028 0.00 0.00 917.26 917.26 6/29/2028 United Fidelity Bank, fsb IN 4.5 910286GN7 0.000 1/29/2025 1/29/2025 6/29/2028 0.00 0.00 947.84 947.84 6/29/2028 United Roosevelt Savings Bank NJ 91139LAB2 0.000 3/11/2025 3/11/2025 3/11/2027 0.00 0.00 361.47 361.47 1.9 3/11/2027 United Roosevelt Savings Bank NJ 91139LAB2 0.000 2/11/2025 2/11/2025 3/11/2027 0.00 0.00 400.20 400.20 1.9 3/11/2027 United Roosevelt Savings Bank NJ 91139LAB2 0.000 1/13/2025 1/13/2025 3/11/2027 0.00 0.00 400.20 400.20 1.9 3/11/2027 United Teletech FCU NJ 5.1 11/8/2027 913065ADO 0.000 3/10/2025 3/10/2025 11/8/2027 0.00 0.00 970.26 970.26 United Teletech FCU NJ 5.1 913065ADO 0.000 2/10/2025 2/10/2025 11/8/2027 0.00 0.00 1,074.21 1,074.21 11/8/2027 United Teletech FCU NJ 5.1 913065ADO 0.000 1/8/2025 1/8/2025 11/8/2027 0.00 0.00 1,074.21 1,074.21 11/8/2027 University Bank MI 4.2 11/30/2027 914098DJ4 0.000 3/31/2025 3/31/2025 11/30/2027 0.00 0.00 859.56 859.56 University Bank MI 4.2 11/30/2027 914098DJ4 0.000 2/28/2025 2/28/2025 11/30/2027 0.00 0.00 830.91 830.91 University Bank MI 4.2 11/30/2027 914098DJ4 0.000 1/30/2025 1/30/2025 11/30/2027 0.00 0.00 888.21 888.21 University Credit Union Los Angeles 914242AAO 0.000 3/26/2025 3/26/2025 9/26/2025 0.00 0.00 760.99 760.99 4 9/26/2025 University Credit Union Los Angeles 914242AAO 0.000 2/26/2025 2/26/2025 9/26/2025 0.00 0.00 842.52 842.52 4 9/26/2025 203 Description CUSIP/Ticker University Credit Union Los Angeles 914242AAO 4 9/26/2025 Univest Bank & Trust Co. PA 4.35 5/12/2028 91527PBY2 Univest Bank & Trust Co. PA 4.35 1527PBY2 91527PBY2 Univest Bank & Trust Co. PA 4.35 91527PBY2 5/12/2028 US Bank I Custodian MM USB3000 US Bank I Custodian MM USB3000 US Bank I Custodian MM USB3000 US Bank I Fiscal Agent MM USB4000-6000 US Bank I Fiscal Agent MM USB4000-6000 US Bank I Fiscal Agent MM USB4000-6000 USAlliance Financial FCU NY 4.55 90352RDB8 5/26/2028 USAlliance Financial FCU NY 4.55 5/26/2028 90352RDB8 USAlliance Financial FCU NY 4.55 90352RDB8 5/26/2028 Utah First FCU 5 7/21/2028 91739JAB1 Utah First FCU 5 7/21/2028 91739JAB1 Utah First FCU 5 7/21/2028 91739JAB1 Valleystar Credit Union VA 5.2 g 2023CAJ2 11/8/2028 Valleystar Credit Union VA 5.2 92023CAJ2 11/8/2028 Valleystar Credit Union VA 5.2 g 2023CAJ2 11/8/2028 Vibrant Credit Union IL 0.8 6/30/2026 92559TAJ7 Vibrant Credit Union IL 0.8 6/30/2026 92559TAJ7 Vibrant Credit Union IL 0.8 6/30/2026 92559TAJ7 VisionBank MN 4.05 5/12/2028 92834ABT2 VisionBank MN 4.05 5/12/2028 92834ABT2 VisionBank MN 4.05 5/12/2028 92834ABT2 VyStar Credit Union FL 4.55 92891 CCZ3 3/10/2028 VyStar Credit Union FL 4.55 92891 CCZ3 3/10/2028 VyStar Credit Union FL 4.55 92891 CCZ3 3/10/2028 Workers FCU MA 5.2 10/30/2028 98138MCA6 Workers FCU MA 5.2 10/30/2028 98138MCA6 Workers FCU MA 5.2 10/30/2028 98138MCA6 YTM @ Settlement Face Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total 0.000 1 /27/2025 1 /27/2025 9/26/2025 0.00 0.00 842.52 842.52 0.000 3/12/2025 3/12/2025 5/12/2028 0.00 0.00 827.57 827.57 0.000 2/12/2025 2/12/2025 5/12/2028 0.00 0.00 916.24 916.24 0.000 1/13/2025 1/13/2025 5/12/2028 0.00 0.00 916.24 916.24 0.000 3/3/2025 3/3/2025 N/A 0.00 0.00 6,294.90 6,294.90 0.000 2/3/2025 2/3/2025 N/A 0.00 0.00 5,121.86 5,121.86 0.000 1/2/2025 1/2/2025 N/A 0.00 0.00 4,982.32 4,982.32 0.000 3/31 /2025 3/31 /2025 N/A 0.00 0.00 748.52 748.52 0.000 2/28/2025 2/28/2025 N/A 0.00 0.00 71.69 71.69 0.000 1 /31 /2025 1 /31 /2025 N/A 0.00 0.00 74.42 74.42 0.000 3/26/2025 3/26/2025 5/26/2028 0.00 0.00 865.62 865.62 0.000 2/26/2025 2/26/2025 5/26/2028 0.00 0.00 958.37 958.37 0.000 1 /27/2025 1 /27/2025 5/26/2028 0.00 0.00 958.37 958.37 0.000 3/21 /2025 3/21 /2025 7/21/2028 0.00 0.00 939.73 939.73 0.000 2/21 /2025 2/21 /2025 7/21/2028 0.00 0.00 1,040.41 1,040.41 0.000 1 /21 /2025 1 /21 /2025 7/21/2028 0.00 0.00 1,040.41 1,040.41 0.000 3/10/2025 3/10/2025 11/8/2028 0.00 0.00 985.29 985.29 0.000 2/10/2025 2/10/2025 11/8/2028 0.00 0.00 1,090.86 1,090.86 0.000 1 /8/2025 1 /8/2025 11/8/2028 0.00 0.00 1,090.86 1,090.86 0.000 3/3/2025 3/3/2025 6/30/2026 0.00 0.00 152.81 152.81 0.000 2/3/2025 2/3/2025 6/30/2026 0.00 0.00 169.18 169.18 0.000 1/2/2025 1/2/2025 6/30/2026 0.00 0.00 169.18 169.18 0.000 3/12/2025 3/12/2025 5/12/2028 0.00 0.00 770.50 770.50 0.000 2/12/2025 2/12/2025 5/12/2028 0.00 0.00 853.05 853.05 0.000 1/13/2025 1/13/2025 5/12/2028 0.00 0.00 853.05 853.05 0.000 3/3/2025 3/3/2025 3/10/2028 0.00 0.00 865.62 865.62 0.000 2/3/2025 2/3/2025 3/10/2028 0.00 0.00 958.37 958.37 0.000 1/2/2025 1/2/2025 3/10/2028 0.00 0.00 958.37 958.37 0.000 3/31 /2025 3/31 /2025 10/30/2028 0.00 0.00 1,059.95 1,059.95 0.000 2/28/2025 2/28/2025 10/30/2028 0.00 0.00 1,024.61 1,024.61 0.000 1 /30/2025 1 /30/2025 10/30/2028 0.00 0.00 1,095.28 1,095.28 204 YTM @ Settlement Face Description CUSIP/Ticker Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total Sub Total / Average Interest 0.00 0.00 2,317,289.55 2,317,289.56 Matured Access Bank NE 1.6 3/13/2025 00435JBH5 0.000 3/13/2025 3/13/2025 3/13/2025 248,000.00 248,000.00 0 0.00 248,000.00 Alma Bank NY 1.4 3/28/2025 020080BX4 0.000 3/28/2025 3/28/2025 3/28/2025 248,000.00 248,000.00 0 0.00 248,000.00 American State Bank IA 1.6 029728BC5 0.000 2/21/2025 2/21/2025 2/21/2025 248,000.00 248,000.00 0 0.00 248,000.00 2/21/2025 Axos Bank CA 1.65 3/26/2025 05465DAE8 0.000 3/26/2025 3/26/2025 3/26/2025 248,000.00 248,000.00 0 0.00 248,000.00 Bank of New England NH 4.85 06426KDE5 0.000 1/14/2025 1/14/2025 1/14/2025 248,000.00 248,000.00 0 0.00 248,000.00 1/14/2025 Bank OZKAR 0.4 1/29/2025 06417NZQ9 0.000 1/29/2025 1/29/2025 1/29/2025 248,000.00 248,000.00 0 0.00 248,000.00 CAMP TERM 5.31 3/28/2025 CAMPTERM32825 0.000 3/28/2025 3/28/2025 3/28/2025 10,000,000.00 10,000,000.00 0 0.00 10,000,000.00 Citadel FCU PA 1.65 2/27/2025 17286TAGO 0.000 2/27/2025 2/27/2025 2/27/2025 248,000.00 248,000.00 0 0.00 248,000.00 Commonwealth Business Bank CA 1.25 3/31/2025 2027506M2 0.000 3/31/2025 3/31/2025 3/31/2025 248,000.00 248,000.00 0 0.00 248,000.00 FHLB 0.551/7/2025-22 3130AP2U8 0.000 1/7/2025 1/7/2025 1/7/2025 1,000,000.00 1,000,000.00 0 0.00 1,000,000.00 FHLB 1.7 2/24/2025-23 3130AQWY5 0.000 2/24/2025 2/24/2025 2/24/2025 1,000,000.00 1,000,000.00 0 0.00 1,000,000.00 FHLB 4.81 1/10/2025 3130AYKN5 0.000 1/10/2025 1/10/2025 1/10/2025 1,000,000.00 1,000,000.00 0 0.00 1,000,000.00 First Nat'l Bank of Michigan 1.65 32114VBT3 0.000 2/14/2025 2/14/2025 2/14/2025 248,000.00 248,000.00 0 0.00 248,000.00 2/14/2025 Freedom Financial Bank IA 1.55 2/14/2025 35637RDC8 0.000 2/14/2025 2/14/2025 2/14/2025 248,000.00 248,000.00 0 0.00 248,000.00 KeyBank NA OH 5 3/17/2025 49306SJ56 0.000 3/17/2025 3/17/2025 3/17/2025 244,000.00 244,000.00 0 0.00 244,000.00 Nicolet National Bank WI 1.4 654062JZ2 0.000 3/31/2025 3/31/2025 3/31/2025 248,000.00 248,000.00 0 0.00 248,000.00 3/31/2025 Scient FCU CT 4.65 1/13/2025 80865MAB3 0.000 1/13/2025 1/13/2025 1/13/2025 248,000.00 248,000.00 0 0.00 248,000.00 Spring Bank NY 1.5 3/20/2025 849430BF9 0.000 3/20/2025 3/20/2025 3/20/2025 248,000.00 248,000.00 0 0.00 248,000.00 Transportation Alliance Bank 0.4 1/23/2025 89388CEYO 0.000 1/23/2025 1/23/2025 1/23/2025 248,000.00 248,000.00 0 0.00 248,000.00 United Bankers' Bank 5 3/17/2025 909557KQ2 0.000 3/17/2025 3/17/2025 3/17/2025 248,000.00 248,000.00 0 0.00 248,000.00 United Community Bank IL 1.65 90983WBT7 0.000 2/7/2025 2/7/2025 2/7/2025 248,000.00 248,000.00 0 0.00 248,000.00 2/7/2025 Sub Total / Average Matured 17,212,000.00 179212,000.00 0.00 17,212,000.00 205 ta Qa�cra CALIFORNIA City of La Quinta I CA Portfolio Summary by Month All Portfolios Begin Date: 4/30/2024, End Date: 3/31/2025 Month Market Value Book Value Unrealized Gain/Loss YTM @ Cost YTM @ Market Duration Days To Maturity 4/30/2024 247,181,344.18 252,512,039.34 -5,330,695.16 3.73 4.90 1.33 516 5/31/2024 256,021,436.46 260,800,529.38 -4,779,092.92 3.79 4.86 1.32 512 6/30/2024 275,479,927.76 279,752,764.18 -4,272,836.42 3.91 4.85 1.22 474 7/31/2024 272,353,239.78 274,595,507.76 -2,242,267.98 3.92 4.68 1.41 547 8/31/2024 272,309,681.39 273,424,532.39 -1,114,851.00 3.79 4.37 1.44 557 9/30/2024 255,868,998.59 256,158,037.36 -289,038.77 3.76 4.22 1.58 611 10/31/2024 257,877,279.24 259,715,034.89 -1,837,755.65 3.62 4.27 1.59 617 11/30/2024 254,281,582.80 256,075,207.69 -1,793,624.89 3.75 4.39 1.58 611 12/31/2024 253,774,624.10 255,822,601.46 -2,047,977.36 3.61 4.26 1.60 620 1/31/2025 267,767,859.32 269,717,974.20 -1,950,114.88 3.75 4.36 1.51 586 2/28/2025 271,655,012.62 272,806,306.29 -1,151,293.67 3.76 4.25 1.47 572 3/31/2025 275,779,663.02 276,507,955.04 -728,292.02 3.66 4.10 1.48 575 Total / Average 263,362,554.11 265,657,374.17 -2,294,820.06 3.75 4.46 1.46 566 Market Value Book Value Comparison 03/2025 02/2025 01/2025 12/2024 11/2024 10/2024 09/2024 r. • Market Value 08/2024 Bonk: Value 07/2024 06/2024 05/2024 04/2024 00 50,000 100,000 150,000 200,000 250,000 300,000 In Thousands 206 City of La Quinta I CA ta C(/ Total Rate of Return - Book Value by Month cat tFc�x�1tA All Portfolios Beginning BV + Interest Earned Month Accrued Interest During Period-BV Realized Investment Average Capital Gain/Loss-BV Income-BV Base-BV TRR-BV Begin Date: 4/30/2024, End Date: 3/31/2025 Annualized Treasury 1 TRR-BV Year 4/30/2024 251,436,566.57 815,655.54 0.00 815,655.54 237,261,487.37 0.34 4.20 5.14 5/31 /2024 253,124,748.63 810,115.71 0.00 810,115.71 251,462,286.61 0.32 3.94 5.19 6/30/2024 261,533,693.02 874,929.34 0.00 874,929.34 260,580,667.38 0.34 4.10 5.11 7/31/2024 280,557,939.79 909,886.75 0.00 909,886.75 280,312,356.33 0.32 3.97 4.90 8/31/2024 275,604,902.66 867,757.47 0.00 867,757.47 280,049,122.30 0.31 3.78 4.43 9/30/2024 274,598,699.24 815,528.68 0.00 815,528.68 258,086,795.46 0.32 3.86 4.03 10/31/2024 257,499,849.86 812,096.23 632.31 812,728.54 258,931,204.90 0.31 3.83 4.20 11/30/2024 261,182,138.91 660,073.97 0.00 660,073.97 259,385,704.15 0.25 3.10 4.34 12/31/2024 257,765,796.29 909,988.50 0.00 909,988.50 255,525,269.72 0.36 4.36 4.23 1/31/2025 257,764,605.76 809,155.44 0.00 809,155.44 256,445,091.75 0.32 3.85 4.18 2/28/2025 271,891,669.36 774,343.74 0.00 774,343.74 270,477,396.64 0.29 3.49 4.20 3/31/2025 275,093,078.22 885,527.35 520.23 886,047.58 277,013,375.94 0.32 3.91 4.06 Total/Average 251,436,566.57 9,945,058.72 1,152.54 9,946,211.26 259,728,175.44 3.83 3.83 4.50 207 City of La Quinta I CA Distribution by Asset Category - Market Value t:.a1JFORNIA - All Portfolios Begin Date: 12/31/2024, End Date: 3/31/2025 Asset Category Market Value 12/31/2024 % of Portfolio 12/31/2024 Market Value 3/31/2025 % of Portfolio 3/31/2025 Certificate of Deposits 130 % 41,300,883.18 16.27 38,535,224.29 13.97 Checking I Savings I Sweep Accounts 1,364,030.90 0.54 1,452,957.88 0.53 Corporate Notes 130 % 2,454,800.00 0.97 2,487,795.00 0.90 Investment Pools 74,836,564.11 29.49 80,681,777.46 29.26 Money Market Mutual Funds 120 % 14,187,312.12 5.59 24,631,366.77 8.93 Trusts Not Subject to Policy 7,956,533.79 3.14 8,040,160.62 2.92 US Agency 1100 % 61,109,205.00 24.08 62,692,851.00 22.73 US Treasury 1 100 % 50,565,295.00 19.93 57,257,530.00 20.76 Total / Average 253,774,624.10 100.00 275,779,663.02 100.00 16.27%-Certificate o..• 0.54%-Checl::ing I Say.. 0.97°%-Corporate Hate... 29.49%-Irivestroent. p'o- =5.59%-Money r•1ark:et r-el... 3.14%-Trusts Not Sub... 24.08%-USA-1ency 11... & 19.93%-US Treasury I.,. 13.97%-Certificate 0,53°%-Checking I Sav,. 0.9%-Corporate rotes.., 29.26%-Investment Po..• �[ 8.93%-Moneyr•1.arkctN-1... 2.92%-Tr usts Idot Sufi••. 22.73%-USAgency 11... 20.76%-US Treasury s.. 208 ta Qa�fra CALIFORNIA City of La Quinta I CA Distribution by Maturity Range - Market Value All Portfolios Begin Date: 12/31/2024, End Date: 3/31/2025 RangeMaturity • • Market Value % of Portfolio Market Value %. of Portfolio Maturity Range 12/31/2024 12/31/2024 3/31/2025 3/31/2025 0-1 Month 61,334,659.00 24.17 86,782,577.87 31.47 1-3 Months 14,202,426.76 5.60 33,713,075.28 12.22 3-6 Months 35,646,186.69 14.05 6,456,379.99 2.34 6-9 Months 6,404,746.97 2.52 6,258,993.43 2.27 9-12 Months 7,171,891.47 2.83 7,788,241.82 2.82 1-2 Years 28,295,404.54 11.15 31,685,288.20 11.49 2-3 Years 33,535,446.68 13.21 34,973,791.64 12.68 3-4 Years 28,809,174.84 11.35 30,745,066.98 11.15 4-5 Years 38,374,687.15 15.12 37,376,247.81 13.55 Total / Average 253,774,624.10 100.00 275,779,663.02 100.00 Portfolio Holdings 90,000 80,000 70,000 60,000 c 50,000 0 12/31/2024 40,000c=:3/31/2025 30,000 20,000 Ir I 10,000 I 00 I I , 0-1 M 1-3 M 3-6 M 6-9 M 9-12 M 1-2 Y 2-3 Y 3-4 Y 4-5 Y m City of La Quinta I CA Distribution by Portfolio Name - Market Value (ALIFORNIA - All Portfolios Begin Date: 12/31/2024, End Date: 3/31/2025 Portfolio Name Market Value 12/31/2024 % of Portfolio 12/31/2024 Market Value 3/31/2025 % of Portfolio 3/31/2025 CAMP 52, 342,174.38 20.63 57, 897, 834.97 20.99 CERBT OPEB Trust 2,077,938.52 0.82 2,105,421.11 0.76 Fiscal Agent - Debt Service 21,793.45 0.01 22,688.08 0.01 Fixed Income Investments 155,430,183.18 61.25 160,973,400.29 58.37 Housing Authority - LQPR 206,007.10 0.08 221,760.61 0.08 Housing Authority - DPME 1,154,723.80 0.46 1,227,897.27 0.45 Housing Authority - LAIF 2,176,816.01 0.86 2,204,836.47 0.80 LAW 20, 317,573.72 8.01 20, 579,106.02 7.46 Money Market at Custodian 596,250.92 0.23 4,606,657.66 1.67 Operating Funds 13,572,567.75 5.35 20,005,321.03 7.25 PARS Pension Trust 5,878,595.27 2.32 5,934,739.51 2.15 Total / Average 253,774,624.10 100.00 275,779,663.02 100.00 20.63%-CANIPI 0.82%-CERE,T C,-PEBTnj.., 0.01%-Fiscal Agent 61.25%-Fi„ed Incorne ... t 0.08%-Houcinq Author.,. 0.46%-Housing Author... 0.86%-Housing Author... Q 8.01 %-LAIF 0.23%-N1nnerk:et a... 5.35%-Operating Fund... 2.32%-PARS PensionT.. 20.99%-CAh 1P 0.765 , ERBT CPEE,Tnj,.. 0.01 Fisc.aIAgent -_._ 7 ..-FiXe,JInrorne... t. 0,08 "- Hc.usinq Author,,. 0.45%-H)1ising Author,,, 0,8%-Housinq Authori.., 7,46%-LAIF 1.E.7._-A9-ine P.-Iarl::eta... 7.25 5-0per;ting Fund.., 2.15%-PARS PensionT., 210 Qu�fra City of La Quinta I CA W Economic Indicator CALIFORNIA CPI vs. Unemployment Rate Begin Date: 4/30/2024, End Date: 3/31/2025 Date CPI Economic Indicator Unemployment Rate Spread 4/30/2024 3.60 3.90 0.30 5/31 /2024 3.40 4.00 0.60 6/30/2024 3.30 4.10 0.80 7/31 /2024 3.20 4.30 1.10 8/31 /2024 3.20 4.20 1.00 9/30/2024 3.30 4.10 0.80 10/31 /2024 3.30 4.10 0.80 11 /30/2024 3.30 4.20 0.90 12/31 /2024 3.20 4.10 0.90 1 /31 /2025 3.30 4.00 0.70 2/28/2025 3.10 4.10 1.00 3/31 /2025 2.80 4.20 1.40 4.50 4.00 3.50 3.00 2.50 CPI 2,00 Unemployment Rate 1.50 1.00 0.50 0.00 04/2024 05/2024 06/2024 07/2024 08/2024 09/2024 10/2024 11/2024 12/2024 01/2025 02/2025 03/2025 211 W W CALIFORNIA - City of La Quinta I CA Economic Indicator Treasury 1 Year vs. Treasury 5 Year Begin Date: 4/30/2024, End Date: 3/31/2025 Date Treasury 1 Year Economic Treasury 5 Year Spread 4/30/2024 5.14 4.56 -0.58 5/31 /2024 5.19 4.57 -0.62 6/30/2024 5.11 4.32 -0.79 7/31 /2024 4.90 4.16 -0.74 8/31 /2024 4.43 3.71 -0.72 9/30/2024 4.03 3.50 -0.53 10/31 /2024 4.20 3.91 -0.29 11 /30/2024 4.34 4.24 -0.10 12/31 /2024 4.23 4.25 0.02 1 /31 /2025 4.18 4.43 0.25 2/28/2025 4.20 4.29 0.09 3/31 /2025 4.06 4.04 -0.02 6,00 5.130 4.130 - Treasury 1 130 � Year Treasury 5 2.00 Year 1,00 ii,00 04/21j<4 1-1 F/2 0 24 A6/2 Cr24 il7/2024 i 1 ;' i i'4 i 1'4; ZO_14 10 2024 U/2'024 12I21024 i i1/2025 112/2025 i 133i2025 212 US Treasury Rates httDS://home.treasurv.gov/resource-center/data-chart-center/interest-rates/TextView?tvr)e=dailv treasury vield curve&field tdr date value=2025 Date 1 mo 2 mo 3 mo 6 mo 1 yr 2 yr 3 yr 5 yr 7 yr 10 yr 20 yr 30 yr Annualized Annualized city Total Rate Total Rate Portfolio of Return of Return YTM 1/3112025 4.37 4.37 4.31 4.28 4.17 4.22 4.27 4.36 4.47 4.58 4.88 4.83 3.85 3.83 3.75 2;2812025 4.38 4.38 4.32 4.25 4.08 3.99 3.99 4.03 4.14 4.24 4.55 4.51 3.49 3.83 3.76 3131/2025 4.38 4.35 4.32 4.23 4.03 3.89 3.89 3.96 4.09 4.23 4.62 4.59 3.91 3.83 3.66 5se SAO 4A j- - - 4.50 , 4]5 4im 3.75 35tl - 300 7.y5 ]SO ] 75 7O0 - - 1.75 ISO 1.25 im 0-75 U50 025 ODD �`M1O`ryOM19 y\,\\1O,`�S 0\AO`�pry9 ^\�\ryQ,y^i TREASURY RATES AND PORTFOLIO RETURNS - 1 Yr Treasury -a-5-Y r Treasury -Annualaed Tonal Rate of Retum -*- City PortUio YTM L~ 'LA tiA '1. ti9 I. `ls ti� M1� `L► o `tio ,tio �tipry �rypry \rypry (spry fipti �tiay �tiov �ypr �tiQ'L 213 214 CONSENT CALENDAR ITEM NO. 10 City of La Quinta CITY COUNCIL MEETING' .tune 3, 2025 STAFF REPORT AGENDA TITL-1 APPROVE DEMAND REGISTERS DATED MAY 9 AND 16, 2025 RECOMMENDATION Approve demand registers dated May 9 and 16, 2025. EXECU i ivt suivnviARY — None FISCAL IMPACT Demand of Cash: City Successor Agency of RDA Housing Authority BACKGROUND/ANALYSIS $ 4,677,255.80 $ 16,773.68 $ 4,694,029.48 Routine bills and payroll must be paid between Council meetings. Attachment 1 details the weekly demand registers for May 9 and 16, 2025. Warrants Issued: 216778-216837 EFT 220 216838-216903 EFT 221-222 Voids Wire Transfers Payroll Tax Transfers Payroll Direct Deposit $ 945,077.88 $ 762.93 $ 1,948,563.71 $ 136.10 $ (11,836.50) $ 1,478,261.13 $ 60,831.10 $ 272,233.13 $ 4,694,029.48 Four checks were voided and reissued. The voids were the result of the periodic review of outstanding checks. 215 Vendor Account Name Riverside County Sheriff Department Various Gametime Construction Spruce & Gander, Inc Construction Visit Greater Palms Springs TBID Due to VGPS Hammel, Green, and Abrahamson, Inc Design Amount Purpose $1,189,027.29 Police Service $271,419.29 Purchase Playground Equipment & Shade Structure $197,833.57 Purchase Park Tables, Benches, & Bike Stand $169,984.47 FY24/25 Quarter STVRTBID Collections $123,806.00 Cultural Campus Design Wire Transfers: Fifteen transfers totaled $1,478,261. Of this amount, $699,417 was to Landmark and $ 505,195 was to SilverRock Phase 1 LLC for Debtor -in -Possession (DIP) financing. (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. Settle Coupon Transaction Issuer Type Par Value Date Rate YTM Purchase United States Treasury Treasury Note $ 1,000,000 5/5/2025 3.875% 3.900% Purchase Federal National Mortgage Assoc. Agency $ 1,000,000 5/6/2025 4.000% 4.000% Maturity First Internet Bank CD $ 248,000 5/12/2025 1.000% 1.000% Maturity Western State Bank CD $ 245,000 5/13/2025 1.000% 1.000% Maturity Southern First Bank CD $ 248,000 5/14/2025 4.700% 4.700% Call Federal National Mortgage Assoc. Agency $ 1,000,000 5/15/2025 4.750% 4.910% Purchase United States Treasury Treasury Note $ 1,000,000 5/15/2025 3.750% 4.150% Prepared by: Jesse Batres, Finance Technician Approved by: Rosemary Hallick, Principal Management Analyst Attachments: 1. Demand Registers 2. Wire Transfers 216 ATTACHMENT 1 Zcz,all ixr(' Demand Register Demand City of La Quints Packet: - 05/09/2025 JB Vendor Name Payment Number Description (Item) Account Name Account Number Amount Fund: 101-GENERAL FUND Al AMERICAN 216778 WC GYM WIPES 4 CASES Operating Supplies 101-3002-60420 691.01 AMERICAN FORENSIC NURSE... 216780 BLOOD ALCOHOL ANALYSIS Blood/Alcohol Testing 101-2001-60174 1,416.00 AMERICAN FORENSIC NURSE... 216780 BLOOD ALCOHOL ANALYSIS Blood/Alcohol Testing 101-2001-60174 490.00 AT&T 216781 03/25/25 - INVESTIGATION PHONE PIN... Special Enforcement Funds 101-2001-60175 175.00 CALIFORNIA BUILDING STAN... 216785 01/01-03/31/25 - BSAS SB 1473 FEES BSAS SB 1473 Fees 101-0000-20306 1,481.00 CALIFORNIA BUILDING STAN... 216785 01/01-03/31/25 - BSAS SB 1473 FEES CBSC Administrative Fees 101-0000-42615 -148.10 CHARTER COMMUNICATIONS.. 216786 04/16-05/15/25 - FS #32 CABLE (3201) Cable/Internet - Utilities 101-2002-61400 101.71 CHARTER COMMUNICATIONS.. 216786 04/24-05/23/25 - FS #93 CABLE (4001) Cable/Internet - Utilities 101-2002-61400 120.02 CMRTA 216788 2025 CMRTA ANNUAL DUES HALLICK/L... Membership Dues 101-6006-60351 150.00 COACHELLA VALLEY ASSOC 0... 216789 02/2025 - ARTS AND MUSIC LINE SHARE... Contributions to Other Agenc.. 101-7006-60480 3,252.71 COACHELLA VALLEY WATER D.. 216790 WATER SERVICE Water -Pioneer Park - Utilities 101-3005-61207 797.43 CONVERGINTTECHNOLOGIES-216792 04/2025 - CITYWIDE CAMERA SYSTEM ... Public Safety Camera System... 101-2001-60692 2,123.17 DECKARD TECHNOLOGIES, I... 216794 05/2025 - RENTALSCAPE Professional Services 101-1005-60103 3,950.00 DEPARTMENT OF CONSERVA... 216795 01/01-3/31/25 - SEISMIC HAZARD MAPP... SMIP Fees Payable 101-0000-20308 2,742.16 DEPARTMENT OF CONSERVA... 216795 01/O1-3/31/25 - SEISMIC HAZARD MAPP... SMIP Fees 101-0000-42610 -137.11 DESERT RESORT MANAGEM... 216796 04/2025 - SECURITY PATROL SERVICES Professional Services 101-6004-60103 4,018.43 DESERT TREE SPRAYING 216797 FIREANT TREATMENT COLONEL PAIGE &... Maintenance/Services 101-3005-60691 450.00 FEDEX 216800 LATE FEE Postage 101-1007-60470 2.29 FRANCHISE TAX BOARD 216801 GARNISHMENT Garnishments Payable 101-0000-20985 234.15 FRONTIER COMMUNICATIO... 216802 04/26-05/25/25 - POLICE INTERNET Cable/Internet - Utilities 101-2001-61400 535.68 GRAINGER 216804 ROTARY HAMMER DRILL Tools/Equipment 101-7003-60432 802.19 GRAINGER 216804 CANOPIES Operating Supplies 101-7003-60420 1,519.02 GRAINGER 216804 GLOVES, FOLDING CHAIR, & DISPLAY EA... Operating Supplies 101-7003-60420 1,116.12 GRAINGER 216804 SUPPLIES Operating Supplies 101-7003-60420 1,105.58 HDL COREN & CONE 216806 04/01-06/30/25 - PROPERTY TAX SERVI... Consultants 101-1006-60104 5,511.50 IMPERIAL IRRIGATION DIST 216808 ELECTRICITY SERVICE Electric - Monticello Park - Uti.. 101-3005-61102 19.24 IMPERIAL IRRIGATION DIST 216808 ELECTRICITY SERVICE Electric - Colonel Paige - Utilit.. 101-3005-61108 1,134.90 IMPERIAL IRRIGATION DIST 216808 ELECTRICITY SERVICE Electric - Community Park - U... 101-3005-61109 7,510.87 IMPERIAL IRRIGATION DIST 216808 ELECTRICITY SERVICE Electric - Adams Park - Utiliti... 101-3005-61110 58.12 IMPERIAL IRRIGATION DIST 216808 ELECTRICITY SERVICE Electric - Desert Pride - Utiliti... 101-3005-61114 19.42 KILEY & ASSOCIATES 216812 04/2025 - FEDERAL LOBBYIST SERVICES Contract Services - Administr... 101-1002-60101 3,500.00 LOWE'S HOME IMPROVEME... 216813 ARTIFICIAL GRASS Materials/Supplies 101-3005-60431 25.81 LOWE'S HOME IMPROVEME... 216813 DRILL BIT SET Tools/Equipment 101-3005-60432 27.84 LOWE'S HOME IMPROVEME... 216813 FLAT HOSE & VENT PIPES Materials/Supplies 101-3008-60431 275.55 LOWE'S HOME IMPROVEME... 216813 SHOWER HEAD FOR WC Materials/Supplies 101-3008-60431 108.10 LOWE'S HOME IMPROVEME... 216813 TUBE LIGHT BULBS Materials/Supplies 101-3008-60431 206.58 LOWE'S HOME IMPROVEME... 216813 DRAIN RUBBER BLADDERS Materials/Supplies 101-3008-60431 51.40 LOWE'S HOME IMPROVEME... 216813 SINK DRAIN & PLUMBING PARTS Materials/Supplies 101-3008-60431 118.92 LOWE'S HOME IMPROVEME... 216813 PVC PIPE FITTINGS Materials/Supplies 101-3008-60431 78.15 LOWE'S HOME IMPROVEME... 216813 WOOD OIL Materials/Supplies 101-3008-60431 16.51 LOWE'S HOME IMPROVEME... 216813 DRYWALL & SUPPLIES Materials/Supplies 101-3008-60431 199.49 LOWE'S HOME IMPROVEME... 216813 DRILL BIT SET & ANCHORS Tools/Equipment 101-3008-60432 95.50 LOWE'S HOME IMPROVEME... 216813 RECIPROCATING SAW BLADES Operating Supplies 101-7003-60420 44.38 LOWE'S HOME IMPROVEME... 216813 FLOOD LIGHT Operating Supplies 101-7003-60420 36.64 LOWE'S HOME IMPROVEME... 216813 HARDWARE Operating Supplies 101-7003-60420 9.80 LOWE'S HOME IMPROVEME... 216813 CABLE LOCKS & HARDWARE Operating Supplies 101-7003-60420 53.10 LOWE'S HOME IMPROVEME... 216813 SUPPLIES Operating Supplies 101-7003-60420 105.98 LOWE'S HOME IMPROVEME... 216813 MASONRY DRILL BIT Tools/Equipment 101-7003-60432 17.53 LOWE'S HOME IMPROVEME... 216813 ROTARY HAMMER DRILL Tools/Equipment 101-7003-60432 309.37 MOYA, DANIEL 216814 CORP DRIVE CLEANUP 600-390-024 Lot Cleaning/Gravel Program 101-6004-60120 1,900.00 PALMS TO PINES PRINTING 216816 BUSINESS CARDS Printing 101-3007-60410 992.88 PARTY TIME RENTALS 216817 TABLES, CHAIRS, TABLE LINENS FOR CITY.., Community Engagement 101-3007-60137 3,543.04 PROPER SOLUTIONS INC 216819 04/25/25 - TEMP AGENCY SERVICES G.R... Temporary Agency Services 101-1004-60125 682.72 5/27/2025 12:57:46 PM Page 1 of 5 217 Demand Register Vendor Name Payment Number PROPER SOLUTIONS INC 216819 RASA/ERIC NELSON 216820 SMART & FINAL 216825 SMITH PIPE & SUPPLY CO 216826 STAPLES ADVANTAGE 216827 STAPLES ADVANTAGE 216827 STAPLES ADVANTAGE 216827 STAPLES ADVANTAGE 216827 STAPLES ADVANTAGE 216827 THE PRINTING PLACE 216828 TKE ENGINEERING, INC. 216829 TKE ENGINEERING, INC. 216829 T-MOBILE 216830 TOPS' N BARRICADES INC 216831 UNITED WAY OF THE DESERT 216832 VALLEY LOCK & SAFE 216833 VISIT GREATER PALM SPRINGS 216836 VISIT GREATER PALM SPRINGS 216836 Description (Item) Account Name 05/02/25 - TEMP AGENCY SERVICES G.R... Temporary Agency Services COCO 2025-001 ONCALL MAP CHECKING.. Map/Plan Checking SNACKS FOR HAZWOPER TRAINING Travel & Training IRRIGATION PVC PIPES Materials/Supplies CITYWIDE PRINTING PAPER Forms, Copier Paper CITYWIDE CUPS LIDS Citywide Supplies BREAK ROOM SUPPLIES Citywide Supplies OFFICE SUPPLIES Office Supplies OFFICE SUPPLIES Office Supplies RESIDENT CARD APPLICATIONS Operating Supplies 02/2025 - ONCALL TRAFFIC ENGINEERI... Contract Traffic Engineer 03/2025 - ONCALL TRAFFIC ENGINEERI... Contract Traffic Engineer 04/18-05/16/25 - POLICE GPS LOCATE L... Special Enforcement Funds BARRICADES FOR CITY BDAY EVENT Community Experiences CONTRIBUTION United Way Deductions KEYS FOR PW DEPARTMENT Materials/Supplies Q3 FY 24/25 STVR TBID COLLECTIONS TBID Due to VGPS Q3 FY 24/25 STVR TBID COLLECTIONS VGPS TBID Admin Fee Packet: APPKT04158-05/09/2025JIB Account Number Amount 101-1004-60125 101-7002-60183 101-1004-60320 101-3005-60431 101-1007-60402 101-1007-60403 101-1007-60403 101-7001-60400 101-1004-60400 101-3002-60420 101-7006-60144 101-7006-60144 101-2001-60175 101-3003-60149 101-0000-20981 101-3008-60431 101-0000-20303 101-0000-43635 Fund 101 - GENERAL FUND Total 1,706.80 700.00 11.75 115.70 545.74 10.10 160.53 14.55 122.00 241.43 7,275.70 18,516.92 115.00 400.00 108.00 28.87 178,931.02 -8,946.55 253,699.36 Fund: 201 - GAS TAX FUND PACIFIC PRODUCTS AND SER... 216815 SIGN HARDWARE Traffic Control Signs 201-7003-60429 1,243.27 TOPS' N BARRICADES INC 216831 TRAFFIC CONTROL SIGNS Traffic Control Signs 201-7003-60429 91.02 TOPS' N BARRICADES INC 216831 TRAFFIC CONTROL SIGNS Traffic Control Signs 201-7003-60429 228.38 TOPS' N BARRICADES INC 216831 TRAFFIC CONTROL SIGNS Traffic Control Signs 201-7003-60429 169.65 Fund 201 - GAS TAX FUND Total: 1,732.32 Fund: 202 - LIBRARY & MUSEUM FUND FRONTIER COMMUNICATIO... 216802 02/13-04/12/25 - MUSEUM PHONE Telephone - Utilities 202-3006-61300 191.61 Fund 202 - LIBRARY & MUSEUM FUND Total: 191.61 Fund: 215 - LIGHTING & LANDSCAPING FUND COACHELLA VALLEY WATER D.. 216790 WATER SERVICE Water - Medians - Utilities 215-7004-61211 38.99 EWING IRRIGATION PRODUC... 216799 IRRIGATION PARTS Materials/Supplies 215-7004-60431 1,433.87 FRONTIER COMMUNICATIO... 216802 04/10-05/09/25 - PHONE SERVICE Electric - Utilities 215-7004-61116 72.98 IMPERIAL IRRIGATION DIST 216808 ELECTRICITY SERVICE Electric - Utilities 215-7004-61116 3,243.59 IMPERIAL IRRIGATION DIST 216808 ELECTRICITY SERVICE Electric - Medians - Utilities 215-7004-61117 1,009.44 IMPERIAL IRRIGATION DIST 216808 ELECTRICITY SERVICE Electric - Utilities 215-7004-61116 1,043.36 LOWE'S HOME IMPROVEME... 216813 TRAP Materials/Supplies 215-7004-60431 15.48 LOWE'S HOME IMPROVEME... 216813 POTTING SOIL MIX Materials/Supplies 215-7004-60431 278.55 RED TERRA NURSERY, LLC 216822 PLANTS Materials/Supplies 215-7004-60431 2,055.38 SMITH PIPE & SUPPLY CO 216826 IRRIGATION SUPPLIES Materials/Supplies 215-7004-60431 519.85 VINTAGE E & S INC 216835 AVE 52 MEDIAN LIGHTING UPGRADES Maintenance/Services 215-7004-60691 5,429.57 VINTAGE E & S INC 216835 AVE 52 MEDIAN LIGHTING UPGRADES Maintenance/Services 215-7004-60691 5,578.61 VINTAGE E & S INC 216835 AVE 52/WASHINGTON PEDESTAL CROS... Maintenance/Services 215-7004-60691 416.78 Fund 215 - LIGHTING & LANDSCAPING FUND Total: 21,136.45 Fund: 221 - AB 939 - CALRECYCLE FUND ALPHA MEDIA LLC 216779 04/2025 - RECYCLING DIGITAL ADS AB 939 Recycling Solutions 221-0000-60127 1,500.00 ALPHA MEDIA LLC 216779 04/2025 - RECYCLING RADIO ADS MIX 1... AB 939 Recycling Solutions 221-0000-60127 3,500.00 Fund 221 - AB 939 - CALRECYCLE FUND Total: 5,000.00 Fund: 230 - CASp FUND, AB 1379 DIVISION OF THE STATE ARC... 216798 01/01-03/31/25 - SB 1186 FEES 10% QU... Contributions to State Agency 230-0000-60480 489.60 Fund 230 - CASp FUND, AB 1379 Total: 489.60 Fund: 241 - HOUSING AUTHORITY RIVERSIDE ASSESSOR 216823 03/2025 - RECORDING FEES Professional Services 241-9101-60103 60.00 Fund 241 - HOUSING AUTHORITY Total: 60.00 Fund: 401 - CAPITAL IMPROVEMENT PROGRAMS BENGAL ENGINEERING INC 216783 03/2025 DUNE PALMS BRIDGE LOW WA... Design 401-0000-60185 2,128.42 GAMETIME 216803 PLAYGROUND EQUIPMENT PURCHASE Construction 401-0000-60188 271,419.29 HAMMEL, GREEN, AND ABR... 216805 03/2025 - CULTURAL CAMPUS DESIGN Design 401-0000-60185 123,806.00 HERMANN DESIGN GROUP I... 216807 03/2025 - CITYWIDE IRRIGATION MAST... Design 401-0000-60185 7,311.25 Page 2 of 5 5/27/2025 12:57:46 PM 218 Demand Register Vendor Name JSL ARCHITECTURE, INC. JTB SUPPLY CO., INC. JTB SUPPLY CO., INC. JTB SUPPLY CO., INC. JTB SUPPLY CO., INC. PLANIT REPROGRAPHICS SYS.. ROMTEC INC. ROMTEC INC. ROMTEC INC. VINTAGE ASSOCIATES VINTAGE ASSOCIATES VINTAGE ASSOCIATES WEBB, ALBERT A ASSOCIATES Packet: APPKT04158 - 05/09/2025 JIB Payment Number Description (Item) Account Name Account Number Amount 216810 M&O YARD DESIGN Design 401-0000-60185 216811 TRAFFIC STREET SIGN 8' LED TUBES Construction 401-0000-60188 216811 TRAFFIC STREET SIGN 6' LED TUBES Construction 401-0000-60188 216811 TRAFFIC STREET SIGNS 6' & 8' LED TUBE... Construction 401-0000-60188 216811 TRAFFIC STREET SIGNS 6' & 8' LED TUBE... Construction 401-0000-60188 216818 FY 24/25 PMP SLURRY SEAL IMPROVEM... Construction 401-0000-60188 216824 FB PARK RESTROOM BUILDING PURCHA... Construction 401-0000-60188 216824 FB PARK RESTROOM BUILDING PURCHA... Construction 401-0000-60188 216824 RESTROOM AND POOL BUILDING PURC... Construction 401-0000-60188 216834 DUNE PALMS/CORPORATE CENTER LAN... Construction 401-0000-60188 216834 DUNE PALMS/CORPORATE CENTER LAN... Construction 401-0000-60188 216834 DUNE PALMS LANDSCAPE INSTALLATION Construction 401-0000-60188 216837 03/2025 - WASHINGTON ST CV LINK CO... Design 401-0000-60185 Fund 401 - CAPITAL IMPROVEMENT PROGRAMS Total: Fund: 501 - FACILITY & FLEET REPLACEMENT BMW MOTORCYCLES OF RIV... 216784 MOTORCYCLE REPAIRS A1249 Motorcycle Repair & Mainte... 501-0000-60679 CHEVROLET CADILLAC 216787 2017 CHEVY COLORADO VIN H1266940 ... Vehicle Repair & Maintenan... 501-0000-60676 COMMERCE TRUCK & EQUI... 216791 BUCKET TRUCK REPAIRS Vehicle Repair & Maintenan... 501-0000-60676 DANIEL'S TIRE SERVICE, INC. 216793 19 CHEVY EQUINOX TIRE MAINTENANCE Vehicle Repair & Maintenan... 501-0000-60676 Fund 501 - FACILITY & FLEET REPLACEMENT Total: Fund: 502 - INFORMATION TECHNOLOGY MICROSOFT CORPORATION 220 03/10-04/09/25 - MS AZURE ONLINE SV... Software Licenses 502-0000-60301 AURIGO SOFTWARE TECHNO... 216782 07/1/25-06/30/26 - AURIGO ESSENTIALS.. Prepaid Expense 502-0000-13600 AURIGO SOFTWARE TECHNO... 216782 01/16/25-06/30/25 - AURIGO ESSENTIA... Software Licenses 502-0000-60301 CHARTER COMMUNICATIONS.. 216786 04/15-05/14/25 - WC CABLE (3301) Cable/Internet - Utilities 502-0000-61400 FRONTIER COMMUNICATIO... 216802 04/12-05/11/25 - X-PARK INTERNET Cable/Internet - Utilities 502-0000-61400 INSIGHT PUBLIC SECTOR, INC. 216809 WIRELESS VIDEO/AUDIO EXTENDER FOR... Machinery & Equipment 502-0000-80100 INSIGHT PUBLIC SECTOR, INC. 216809 CONFERENCE ROOMS WIRELESS CONFE... Machinery & Equipment 502-0000-80100 RATEGAIN ADARA INC 216821 7/1/-10/31/25 - ED MEASUREMENT RE... Prepaid Expense 502-0000-13600 RATEGAIN ADARA INC 216821 11/01/24-6/30/25 - ED MEASUREMENT... Software Licenses 502-0000-60301 Fund 502 - INFORMATION TECHNOLOGY Total: Fund: 504 - INSURANCE FUND STAPLES ADVANTAGE 216827 Fund: 601 - SILVERROCK RESORT LOWE'S HOME IMPROVEME... 216813 FIRST AID SUPPLIES LABELS FRONT DOOR FOR SRR Operating Supplies 504-1010-60420 Fund 504 - INSURANCE FUND Total 62,744.25 2,650.00 2,180.00 422.63 50.00 17.64 11,219.24 26,761.28 3,323.30 37,340.00 3,600.00 16,750.00 2,508.86 574,232.16 322.81 5,840.07 2,433.86 326.47 8,923.21 762.93 26,814.12 14,625.88 168.08 1,086.48 938.36 10,724.12 8,333.32 16,666.68 80,119.97 35.81 35.81 Repair & Maintenance 601-0000-60660 220.32 Fund 601 - SILVERROCK RESORT Total: 220.32 Grand Total: 945,840.81 5/27/2025 12:57:46 PM 219 Page 3 of 5 Demand Register Packet: APPKT04158 - 05/09/2025 JB Fund Summary Fund 101-GENERAL FUND 201 - GAS TAX FUND 202 - LIBRARY & MUSEUM FUND 215 - LIGHTING & LANDSCAPING FUND 221 - AB 939 - CALRECYCLE FUND 230 - CASp FUND, AB 1379 241 - HOUSING AUTHORITY 401 - CAPITAL IMPROVEMENT PROGRAMS 501 - FACILITY & FLEET REPLACEMENT 502 - INFORMATION TECHNOLOGY 504-INSURANCE FUND 601 - SILVERROCK RESORT Account Number 101-0000-20303 101-0000-20306 101-0000-20308 101-0000-20981 101-0000-20985 101-0000-42610 101-0000-42615 101-0000-43635 101-1002-60101 101-1004-60125 101-1004-60320 101-1004-60400 101-1005-60103 101-1006-60104 101-1007-60402 101-1007-60403 101-1007-60470 101-2001-60174 101-2001-60175 101-2001-60692 101-2001-61400 101-2002-61400 101-3002-60420 101-3003-60149 101-3005-60431 101-3005-60432 101-3005-60691 101-3005-61102 101-3005-61108 101-3005-61109 101-3005-61110 101-3005-61114 101-3005-61207 101-3007-60137 101-3007-60410 101-3008-60431 101-3008-60432 101-6004-60103 101-6004-60120 101-6006-60351 101-7001-60400 101-7002-60183 101-7003-60420 Grand Total: Account Summary Account Name TBID Due to VGPS BSAS SB 1473 Fees SMIP Fees Payable United Way Deductions Garnishments Payable SMIP Fees CBSC Administrative Fees VGPS TBID Admin Fee Contract Services - Admi... Temporary Agency Servi... Travel & Training Office Supplies Professional Services Consultants Forms, Copier Paper Citywide Supplies Postage Blood/Alcohol Testing Special Enforcement Fu... Public Safety Camera Sys... Cable/Internet - Utilities Cable/Internet - Utilities Operating Supplies Community Experiences Materials/Supplies Tools/Equipment Maintenance/Services Electric - Monticello Park.. Electric - Colonel Paige -... Electric - Community Par... Electric - Adams Park - Ut.. Electric - Desert Pride - U.. Water -Pioneer Park - Uti.. Community Engagement Printing Materials/Supplies Tools/Equipment Professional Services Lot Cleaning/Gravel Prog... Membership Dues Office Supplies Map/Plan Checking Operating Supplies Expense Amount 253,699.36 1,732.32 191.61 21,136.45 5,000.00 489.60 60.00 574,232.16 8,923.21 80,119.97 35.81 220.32 945,840.81 Expense Amount 178,931.02 1,481.00 2,742.16 108.00 234.15 -137.11 -148.10 -8,946.55 3,500.00 2,389.52 11.75 122.00 3,950.00 5,511.50 545.74 170.63 2.29 1,906.00 290.00 2,123.17 535.68 221.73 932.44 400.00 141.51 27.84 450.00 19.24 1,134.90 7,510.87 58.12 19.42 797.43 3,543.04 992.88 1,083.57 95.50 4,018.43 1,900.00 150.00 14.55 700.00 3,990.62 5/27/2025 12:57:46 PM 220 Page 4of5 Demand Register Packet: APPKT04158 - 05/09/2025 JB Account Summary Account Number Account Name Expense Amount 101-7003-60432 Tools/Equipment 1,129.09 101-7006-60144 Contract Traffic Engineer 25,792.62 101-7006-60480 Contributions to Other A... 3,252.71 201-7003-60429 Traffic Control Signs 1,732.32 202-3006-61300 Telephone - Utilities 191.61 215-7004-60431 Materials/Supplies 4,303.13 215-7004-60691 Maintenance/Services 11,424.96 215-7004-61116 Electric - Utilities 4,359.93 215-7004-61117 Electric - Medians - Utilit... 1,009.44 215-7004-61211 Water - Medians - Utiliti... 38.99 221-0000-60127 AB 939 Recycling Solutio... 5,000.00 230-0000-60480 Contributions to State A... 489.60 241-9101-60103 Professional Services 60.00 401-0000-60185 Design 198,498.78 401-0000-60188 Construction 375,733.38 501-0000-60676 Vehicle Repair & Maint... 8,600.40 501-0000-60679 Motorcycle Repair & Ma... 322.81 502-0000-13600 Prepaid Expense 35,147.44 502-0000-60301 Software Licenses 32,055.49 502-0000-61400 Cable/Internet - Utilities 1,254.56 502-0000-80100 Machinery & Equipment 11,662.48 504-1010-60420 Operating Supplies 35.81 601-0000-60660 Repair & Maintenance 220.32 Grand Total: 945,840.81 Project Account Summary Project Account Key Project Account Name Project Name Expense Amount **None** **None** **None** 340,894.71 111205CT Construction Expense Dune Palms Bridge Imp/BRLKS-5z 57,690.00 111205D Design Expense Dune Palms Bridge Imp/BRLKS-5z 2,128.42 201804E Landscape & Lighting Median Islan... Landscape & Lighting Median Isla 15,017.28 201805D Design Expense Corporate Yard Admin Offices & 1 62,744.25 201901D Design Expense Village Art Plaza Promenade & Ct 123,806.00 202008CB Contribution Expense Avenue 48 Art and Music Line Pre 3,252.71 202102CT Construction Expense Fritz Burns Park Improvements 312,723.11 202309D Design Expense Washington Street Connector to 2,508.86 202328E Citywide Landscape Maintenance ... Citywide Landscape Maintenance 416.78 202330E Park Landscape Maintenance Servi... Park Landscape Maintenance Ser 115.70 202403CT Construction Expense Cove Area Slurry Seal Improveme 17.64 202415D Design Expense Citywide Irrigation Upgrade 7,311.25 2425TMICT Construction Expense FY24/25 Traffic Maintenance Imr 5,302.63 BDAYE City Picnic & Birthday Celebration ... City Picnic & Birthday Celebratior 3,943.04 STVRE Short Term Vacation Rental Expen... Short Term Vacation Rental Tracl 7,968.43 Grand Total: 945,840.81 *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. 5/27/2025 12:57:46 PM 221 Page 5 of 5 City of La Quinta 4 Demand Register Packet: APPKT04166 - 05/16/2025 JB Vendor Name Payment Number Description (Item) Account Name Account Number Amount Fund: 101-GENERAL FUND ARVIZU, ERIKA 221 FY 24/25 WELLNESS DOLLARS REIMB E.... Annual Wellness Dollar Reim... 101-1004-50252 77.46 ELIZALDE, MANUEL 222 FY 24/25 WELLNESS DOLLARS REIMB M.... Annual Wellness Dollar Reim... 101-1004-50252 58.64 ALLIANT INSURANCE SERVIC... 216838 07/20/24 - INSURANCE FOR PRIVATE EV... Rental Expense 101-3003-60157 150.00 BLUETRITON BRANDS INC 216840 CITYWIDE DRINKING WATER Citywide Supplies 101-1007-60403 273.35 BMO FINANCIAL GROUP 216841 RECRUITMENT JOB POST MGMTANALY... Recruiting/Pre-Employment 101-1004-60129 375.00 BMO FINANCIAL GROUP 216841 INTERVIEW PANEL LUNCH Recruiting/Pre-Employment 101-1004-60129 104.42 BMO FINANCIAL GROUP 216841 INTERVIEW PANEL LUNCH Recruiting/Pre-Employment 101-1004-60129 129.43 BMO FINANCIAL GROUP 216841 HAZWOPER TRAINING AM SNACK Travel & Training 101-1004-60320 60.97 BMO FINANCIAL GROUP 216841 HAZWOPER TRAINING LUNCH Travel & Training 101-1004-60320 147.11 BMO FINANCIAL GROUP 216841 HAZWOPER TRAINING LUNCH Travel & Training 101-1004-60320 61.42 BMO FINANCIAL GROUP 216841 EGO OFFICE TRAINING SNACKS Travel & Training 101-1004-60320 126.50 BMO FINANCIAL GROUP 216841 EMPLOYEE RECOGNITION DINNER AV 5... Employee Recognition Events 101-1004-60340 332.39 BMO FINANCIAL GROUP 216841 PHOTOBOOTH CUTOUTS FOR EMPLAPP... Employee Recognition Events 101-1004-60340 150.92 BMO FINANCIAL GROUP 216841 05/2025 APWA LUNCHEON Travel & Training 101-7001-60320 99.74 BMO FINANCIAL GROUP 216841 APWA PW WEEK POSTER Operating Supplies 101-7001-60420 21.00 BMO FINANCIAL GROUP 216841 05/2025 APWA LUNCHEON Travel & Training 101-7003-60320 160.27 BMO FINANCIAL GROUP 216841 APWATRAININGU.AYON Travel & Training 101-7006-60320 99.00 BMO FINANCIAL GROUP 216841 05/2025 APWA LUNCHEON Travel & Training 101-7006-60320 49.87 BMO FINANCIAL GROUP 216841 OPERATING SUPPLIES Operating Supplies 101-3002-60420 79.31 BMO FINANCIAL GROUP 216841 FOOD FOR SENIOR LUNCH Operating Supplies 101-3002-60420 800.00 BMO FINANCIAL GROUP 216841 BEVERAGES Operating Supplies 101-3002-60420 48.57 BMO FINANCIAL GROUP 216841 CLEANING SUPPLIES Operating Supplies 101-3002-60420 49.99 BMO FINANCIAL GROUP 216841 BALLOON TOWERS FOR DUNE PALMS BR.. Community Experiences 101-3003-60149 500.00 BMO FINANCIAL GROUP 216841 ENTERTAINMENT FOR CITY BDAY EVENT Community Experiences 101-3003-60149 2,628.90 BMO FINANCIAL GROUP 216841 BEVERAGES FOR CITY BDAY EVENT Community Experiences 101-3003-60149 176.42 BMO FINANCIAL GROUP 216841 CAKE FOR CITY BDAY EVENT Community Experiences 101-3003-60149 97.29 BMO FINANCIAL GROUP 216841 CITY BDAY EVENT SUPPLIES Community Experiences 101-3003-60149 8.69 BMO FINANCIAL GROUP 216841 COOKIES FOR DUNE PALMS BRIDGE RIB... Community Experiences 101-3003-60149 265.20 BMO FINANCIAL GROUP 216841 NOTEPADS, FLASH DRIVES, & PENS Office Supplies 101-1005-60400 122.44 BMO FINANCIAL GROUP 216841 04/02/25 - CSMFO CHAPTER MEETING F... Travel & Training 101-1006-60320 200.00 BMO FINANCIAL GROUP 216841 SIGN HOLDERS FOR CV VENDOR FAIR Office Supplies 101-1006-60400 47.49 BMO FINANCIAL GROUP 216841 KITCHEN SUPPLIES Office Supplies 101-1006-60400 8.08 BMO FINANCIAL GROUP 216841 KITCHEN SUPPLIES Citywide Supplies 101-1007-60403 18.45 BMO FINANCIAL GROUP 216841 RETURN HAND VACCUM Citywide Supplies 101-1007-60403 -22.75 BMO FINANCIAL GROUP 216841 BREAKROOM REFRIGERATOR FILTER Citywide Supplies 101-1007-60403 59.79 BMO FINANCIAL GROUP 216841 OFFICE SUPPLIES FOR PUBLIC SAFETY LQ Police Volunteers 101-2001-60109 82.94 BMO FINANCIAL GROUP 216841 JSU EM TRAINING Travel & Training 101-2002-60320 1,384.68 BMO FINANCIAL GROUP 216841 OUTDOOR DECOR LIGHTING Materials/Supplies 101-3005-60431 103.25 BMO FINANCIAL GROUP 216841 05/2025 APPLE MUSIC/STORAGE SUBSC... Membership Dues 101-3007-60351 25.95 BMO FINANCIAL GROUP 216841 04/2025 - MAILCHIMP Membership Dues 101-3007-60351 240.00 BMO FINANCIAL GROUP 216841 BOCCE BALL COURTS SUPPLIES Operating Supplies 101-3007-60420 167.78 BMO FINANCIAL GROUP 216841 BOCCE BALL SET FOR SRR PARK Operating Supplies 101-3007-60420 85.72 BMO FINANCIAL GROUP 216841 PROMO ITEMS Operating Supplies 101-3007-60420 17.38 BMO FINANCIAL GROUP 216841 OFFICE CHAIR C.WOODS Office Supplies 101-6004-60400 242.49 BMO FINANCIAL GROUP 216841 EAR BUDS FOR PUBLIC SAFETY Supplies- Field 101-6004-60425 59.59 BMO FINANCIAL GROUP 216841 PUBLIC SAFETY TRAINING LUNCH Travel & Training 101-6005-60320 261.62 BMO FINANCIAL GROUP 216841 VACUUM FOR CONCEIRGE Operating Supplies 101-6006-60420 54.36 BMO FINANCIAL GROUP 216841 CLIPBOARDS Office Supplies 101-7001-60400 36.11 BMO FINANCIAL GROUP 216841 RAMBLERS Operating Supplies 101-7003-60420 246.83 BMO FINANCIAL GROUP 216841 RAMBLERS Operating Supplies 101-7003-60420 162.04 BMO FINANCIAL GROUP 216841 05/11-05/14/25 -TYLER CONF M.GONZ... Travel & Training 101-6006-60320 200.00 BMO FINANCIAL GROUP 216841 05/11-05/14/25 - LODGING TYLER CONF... Travel & Training 101-6006-60320 802.48 BMO FINANCIAL GROUP 216841 05/11-05/14/25 - AIR TRAVEL TYLER CO... Travel & Training 101-6006-60320 448.34 5/27/2025 12:57:20 PM Page 1 of 10 222 Demand Register Packet: APPKT04166 - 05/16/2025 JIB Vendor Name Payment Number Description (Item) Account Name Account Number Amount BMO FINANCIAL GROUP 216841 05/11-05/14/25 -TYLER CONF M.GONZ... Travel & Training 101-6006-60320 1,449.00 BMO FINANCIAL GROUP 216841 PAINT MATERIALS SALES TAX Sales Taxes Payable 101-0000-20304 -34.77 BMO FINANCIAL GROUP 216841 APWA TAX CLASS DEFAULT TAX RATE S... Travel & Training 101-7003-60320 125.00 BMO FINANCIAL GROUP 216841 CASQA 2025 CONFERENCE D.EASTLICK Travel & Training 101-7003-60320 885.00 BMO FINANCIAL GROUP 216841 SUPPLIES Operating Supplies 101-7003-60420 205.47 BMO FINANCIAL GROUP 216841 PAINT MATERIALS Operating Supplies 101-7003-60420 491.35 BMO FINANCIAL GROUP 216841 LOBBY COFFEE SUPPLIES Citywide Supplies 101-1007-60403 89.89 BMO FINANCIAL GROUP 216841 JEWELRY MAKING KIT FOR CITY BDAY Community Engagement 101-3007-60137 4.33 BMO FINANCIAL GROUP 216841 PROMO ITEMS FOR CITY BDAY Community Engagement 101-3007-60137 686.21 BMO FINANCIAL GROUP 216841 05/09/25 - WOMEN'S CONFERENCE M.... Travel & Training 101-3007-60320 228.00 BMO FINANCIAL GROUP 216841 FLORAL DECOR Operating Supplies 101-3007-60420 3.25 BMO FINANCIAL GROUP 216841 RIVCO STUDENT OF THE MONTH FITZPA... Travel & Training 101-1001-60320 90.00 BMO FINANCIAL GROUP 216841 04/O1/25 - CITY COUNCIL MEETING DIN... Travel & Training 101-1001-60320 410.70 BMO FINANCIAL GROUP 216841 LEAGUE DINNER S.SANCHEZ Travel & Training 101-1001-60320 60.00 BMO FINANCIAL GROUP 216841 5/13/25 - CAT CITY STATE OF THE CITY 5... Travel & Training 101-1001-60320 89.00 BMO FINANCIAL GROUP 216841 4/30/25 - VGPS GOLF TOURNAMENTS .... Travel & Training 101-1001-60320 51.81 BMO FINANCIAL GROUP 216841 04/15/25 - CITY COUNCIL MEETING DIN... Travel & Training 101-1001-60320 243.05 BMO FINANCIAL GROUP 216841 GCVCC INSTALLATION/BUSINESS AWAR... Sponsorships/Advertising 101-3007-60450 1,250.00 BMO FINANCIAL GROUP 216841 04/14-04/17/25 LASERFICHE CONF MEA... Travel & Training 101-1005-60320 12.51 BMO FINANCIAL GROUP 216841 04/14-04/17/25 - LASERFICHE CONF ME... Travel & Training 101-1005-60320 27.43 BMO FINANCIAL GROUP 216841 04/02/25 - CSMFO CHAPTER MEETING 0.. Travel & Training 101-1005-60320 25.00 BMO FINANCIAL GROUP 216841 04/14-04/17/25 LASERFICHE CONF PARK.. Travel & Training 101-1005-60320 80.00 BMO FINANCIAL GROUP 216841 04/02/25 - CSMFO CHAPTER MEETING ... Travel & Training 101-1005-60320 25.00 BMO FINANCIAL GROUP 216841 CREDIT FOR BROKEN FRAMES Office Supplies 101-1005-60400 -32.27 BMO FINANCIAL GROUP 216841 INK CART FOR POSTAGE MACHINE Postage 101-1007-60470 270.68 BRIGHT EVENT RENTALS, LLC 216845 CITY PICNIC EQUIPMENT Community Experiences 101-3003-60149 2,584.25 BUREAU VERITAS NORTH A... 216846 02/2025 - ONCALL BUILDING PLAN REVI... Plan Checks 101-6003-60118 7,763.09 BUREAU VERITAS NORTH A... 216846 03/2025 - ONCALL BUILDING PLAN REVI... Plan Checks 101-6003-60118 9,358.07 CALIFORNIA MUNICIPAL TIRE... 216847 CCMT RENEWAL R.HALLICK Travel & Training 101-1006-60320 75.00 CENTRAL COMMUNICATIONS 216848 05/2025 - STVR HOTLINE Professional Services 101-6004-60103 997.86 CHANTAL HOULE 216849 REFUND YOGA CLASS Wellness Center Leisure Enri... 101-0000-42214 34.00 COACHELLA VALLEY WATER D.. 216850 WATER SERVICE Water -Fritz Burns Park - Utili... 101-3005-61204 1,762.96 COACHELLA VALLEY WATER D.. 216850 WATER SERVICE Water - Utilities 101-3008-61200 785.56 COUNTY OF RIVERSIDE PUBL... 216852 04/2025 - RADIO MAINTENANCE Operating Supplies 101-2001-60420 253.98 DATA TICKET, INC. 216854 04/2025 - CODE CITATION PROCESSING Administrative Citation Servi... 101-6004-60111 451.50 DATA TICKET, INC. 216854 04/2025 - POLICE CITATION PROCESSING Administrative Citation Servi... 101-6004-60111 150.00 DECKARD TECHNOLOGIES, I... 216855 07/2025 - RENTALSCAPE Professional Services 101-1005-60103 3,950.00 DECKARD TECHNOLOGIES, I... 216855 03/2025 - STVR PUBLIC PORTAL MAP Professional Services 101-1005-60103 833.34 DECKARD TECHNOLOGIES, I... 216855 04/2025 - STVR PUBLIC PORTAL MAP Professional Services 101-1005-60103 833.34 DECKARD TECHNOLOGIES, I... 216855 05/2025 - STVR PUBLIC PORTAL MAP Professional Services 101-1005-60103 833.34 DEPARTMENT OF ANIMAL SE... 216856 02/2025 - ANIMAL SERVICES Animal Shelter Contract Servi... 101-6004-60197 26,310.78 DEPARTMENT OF ANIMAL SE... 216856 03/2025 - ANIMAL SERVICES Animal Shelter Contract Servi... 101-6004-60197 30,472.49 DESERT CONCEPTS CONSTIR 216857 SEASONS DOG PARK GATE REPAIR Maintenance/Services 101-3005-60691 2,950.00 DONALD KAGAN 216858 REFUND FACILITY RENTAL DEPOSIT Operating Supplies 101-3002-60420 500.00 DUNN-EDWARDS CORPORAT... 216859 PAINT AND PAINTING SUPPLIES Materials/Supplies 101-3008-60431 431.82 FOSTER, ROCIO 216860 DUI CHECKPOINT FOOD REIMB R.FOSTER Special Enforcement Funds 101-2001-60175 179.06 FRANCHISE TAX BOARD 216861 GARNISHMENT Garnishments Payable 101-0000-20985 224.39 FRONTIER COMMUNICATIO... 216862 04/28-05/27/25 - SPORTS COMPLEX PH... Telephone - Utilities 101-3005-61300 56.50 GANNETT CALIFORNIA LOCAL.., 216863 B/C RECRUITMENT AD Advertising 101-1005-60450 788.40 GANNETT CALIFORNIA LOCAL.., 216863 FINANCE CHARGE Administration 101-1006-60102 9.28 GANNETT CALIFORNIA LOCAL.., 216863 CC HN LANDMARK DES 2025-0001 Advertising 101-6002-60450 311.75 GRAINGER 216864 DISPLAY EASELS Operating Supplies 101-7003-60420 65.04 HOME DEPOT CREDIT SERVIC... 216865 FS# 70 SUPPLIES Fire Station 101-2002-60670 28.29 HOME DEPOT CREDIT SERVIC... 216865 FS# 70 SUPPLIES Fire Station 101-2002-60670 266.72 HOME DEPOT CREDIT SERVIC... 216865 FS #93 PAINT & CEILING FANS Fire Station 101-2002-60670 630.05 HOME DEPOT CREDIT SERVIC... 216865 LUMBER Materials/Supplies 101-3005-60431 51.57 HOME DEPOT CREDIT SERVIC... 216865 RETURN FUSE KIT Materials/Supplies 101-3005-60431 -43.50 HOME DEPOT CREDIT SERVIC... 216865 CONCRETE SUPPLIES Materials/Supplies 101-3005-60431 201.88 HOME DEPOT CREDIT SERVIC... 216865 FUSE KIT Materials/Supplies 101-3005-60431 43.50 HOME DEPOT CREDIT SERVIC... 216865 MATERIALS Materials/Supplies 101-3005-60431 281.51 5/27/2025 12:57:20 PM Page 2 of 10 223 Demand Register Packet: APPKT04166 - 05/16/2025 JB Vendor Name Payment Number Description (Item) Account Name Account Number Amount HOME DEPOT CREDIT SERVIC... 216865 MATERIALS Materials/Supplies 101-3005-60431 115.74 HOME DEPOT CREDIT SERVIC... 216865 PEST CONTROL SUPPLIES Materials/Supplies 101-3005-60431 59.67 HOME DEPOT CREDIT SERVIC... 216865 CAULK Materials/Supplies 101-3008-60431 94.69 HOME DEPOT CREDIT SERVIC... 216865 MATERIALS Materials/Supplies 101-3008-60431 290.47 HOME DEPOT CREDIT SERVIC... 216865 EMERGENCY LIGHTING BATTERY Materials/Supplies 101-3008-60431 42.38 HOME DEPOT CREDIT SERVIC... 216865 HANGER STRAP Materials/Supplies 101-3008-60431 10.46 HOME DEPOT CREDIT SERVIC... 216865 SMALL PARTS ORGANIZER Tools/Equipment 101-3008-60432 130.40 HOME DEPOT CREDIT SERVIC... 216865 HAND TOOLS Tools/Equipment 101-3008-60432 56.88 HOME DEPOT CREDIT SERVIC... 216865 LOCKS FOR PARKS Supplies - Field 101-6004-60425 70.38 HOME DEPOT CREDIT SERVIC... 216865 CHAINS & LOCKS FOR PARKS Supplies - Field 101-6004-60425 183.21 HOME DEPOT CREDIT SERVIC... 216865 DRILL BITS Operating Supplies 101-7003-60420 21.14 HOME DEPOT CREDIT SERVIC... 216865 CONCRETE SCREWS Operating Supplies 101-7003-60420 53.92 HOME DEPOT CREDIT SERVIC... 216865 STORAGE TOTE & EXHAUST FLUID Operating Supplies 101-7003-60420 39.41 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 143.75 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 201.25 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 270.00 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 143.75 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 603.75 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 202.50 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 643.75 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 115.00 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 540.00 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 316.25 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 337.50 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 115.00 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 201.25 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 230.00 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 287.50 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 202.50 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 270.00 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 115.00 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 115.00 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 115.00 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 460.00 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 405.00 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 86.25 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 202.50 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 135.00 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 270.00 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 135.00 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 270.00 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 472.50 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 135.00 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 488.75 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 472.50 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 945.00 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 86.25 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 135.00 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 337.50 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 135.00 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 172.50 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 135.00 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 316.25 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 405.00 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 337.50 INTERWEST CONSULTING G... 216867 03/2025 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 405.00 INTERWEST CONSULTING G... 216867 09/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 517.50 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 270.00 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 202.50 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 201.25 5/27/2025 12:57:20 PM Page 3 of 10 224 Demand Register Packet: APPKT04166 - 05/16/2025 JB Vendor Name Payment Number Description (Item) Account Name Account Number Amount INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 287.50 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 57.50 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 202.50 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 230.00 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 230.00 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 86.25 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 143.75 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 115.00 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 337.50 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 575.00 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 115.00 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 115.00 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 115.00 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 86.25 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 28.75 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 337.50 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 86.25 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 172.50 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 172.50 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 230.00 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 115.00 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 230.00 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 201.25 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 57.50 INTERWEST CONSULTING G... 216867 10/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 86.25 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 86.25 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 115.00 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 230.00 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 230.00 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 115.00 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 115.00 INTERWEST CONSULTING G... 216867 11/2024 - ONCALL BUILDING & SAFETY ... Plan Checks 101-6003-60118 172.50 KILEY & ASSOCIATES 216871 03/2025 - FEDERAL LOBBYIST SERVICES Contract Services - Administr... 101-1002-60101 3,500.00 MADDEN MEDIA 216873 04/2025 - MEDIA SERVICES Marketing & Tourism Promot... 101-3007-60461 54,695.99 MISSION LINEN SUPPLY 216874 04/24/25 UNIFORM LAUNDRY SERVI... Uniforms 101-3005-60690 39.63 MISSION LINEN SUPPLY 216874 04/24/25 UNIFORM LAUNDRY SERVI... Uniforms 101-3008-60690 23.78 MISSION LINEN SUPPLY 216874 05/01/25 UNIFORM LAUNDRY SERVI... Uniforms 101-3005-60690 39.35 MISSION LINEN SUPPLY 216874 05/01/25 UNIFORM LAUNDRY SERVI... Uniforms 101-3008-60690 23.61 NAI CONSULTING INC 216876 04/2025 CV LINK REVIEW Consultants 101-7006-60104 390.00 NAOKO TSUKEDA 216877 REFUND PICKLEBALL CLASS Leisure Enrichment 101-0000-42200 140.00 NBS 216878 04/2025 - ELECTRIC UTILITY FEASIBILITY ... Contingency for Operations 101-1002-60510 285.00 NI GOVERNMENT SERVICES I... 216879 04/2025 - SATELLITE PHONES Mobile/Cell Phones/Satellites 101-2002-61304 92.90 PACIFIC WEST AIR CONDITIO... 216881 CH HVAC REPAIRS HVAC 101-3008-60667 756.00 PALMS TO PINES PRINTING 216882 FINANCE ENVELOPES Printing 101-3007-60410 2,335.06 PYE BARKER 216884 FB POOL ALARM CAT6 CABLE INSTALLAT... Security & Alarm 101-3008-60123 603.88 RIVERSIDE COUNTY SHERIFF ... 216887 03/06-04/02/25 - BP #10 POLICE SERVICE Sheriff Patrol 101-2001-60161 673,916.24 RIVERSIDE COUNTY SHERIFF ... 216887 03/06-04/02/25 - BP #10 POLICE SERVICE Police Overtime 101-2001-60162 18,266.53 RIVERSIDE COUNTY SHERIFF ... 216887 03/06-04/02/25 - BP #10 POLICE SERVICE Target Team 101-2001-60163 153,622.98 RIVERSIDE COUNTY SHERIFF ... 216887 03/06-04/02/25 - BP #10 POLICE SERVICE Community Services Officer 101-2001-60164 55,004.10 RIVERSIDE COUNTY SHERIFF ... 216887 03/06-04/02/25 - BP #10 POLICE SERVICE Gang Task Force 101-2001-60166 17,000.00 RIVERSIDE COUNTY SHERIFF ... 216887 03/06-04/02/25 - BP #10 POLICE SERVICE Narcotics Task Force 101-2001-60167 17,000.00 RIVERSIDE COUNTY SHERIFF ... 216887 03/06-04/02/25 - BP #10 POLICE SERVICE Motor Officer 101-2001-60169 151,741.70 RIVERSIDE COUNTY SHERIFF ... 216887 03/06-04/02/25 - BP #10 POLICE SERVICE Dedicated Sargeants 101-2001-60170 40,461.60 RIVERSIDE COUNTY SHERIFF ... 216887 03/06-04/02/25 - BP #10 POLICE SERVICE Dedicated Lieutenant 101-2001-60171 26,446.40 RIVERSIDE COUNTY SHERIFF ... 216887 03/06-04/02/25 - BP #10 POLICE SERVICE Sheriff - Mileage 101-2001-60172 35,567.74 SECURITAS SECURITY SERVIC... 216889 04/18-05/O1/25 OVERNIGHT SECURITY ... Community Experiences 101-3003-60149 2,240.00 SHIELDS RESIDENTIAL 216890 REFUND DIRECTOR'S DETERMINATION F... Planning Compliance Review 101-0000-42441 432.00 SUNLINE TRANSIT AGENCY 216892 03/2025 - SUNLINE PASSES Due to SunLine 101-0000-20305 108.00 SUNLINE TRANSIT AGENCY 216892 03/2025 - SUNLINE PASSES Miscellaneous Revenue 101-0000-42301 -7.25 SUNLINE TRANSIT AGENCY 216892 04/2025 - SUNLINE PASSES Due to SunLine 101-0000-20305 170.00 5/27/2025 12:57:20 PM Page 4 of 10 225 Demand Register Packet: APPKT04166 - 05/16/2025 JB Vendor Name Payment Number Description (Item) Account Name Account Number Amount SUNLINE TRANSIT AGENCY 216892 04/2025 - SUNLINE PASSES Miscellaneous Revenue 101-0000-42301 -10.00 TERRA NOVA PLANNING & R... 216893 01/01-03/30/25 - ONCALL PLANNING SE... Professional Services 101-6002-60103 3,202.80 THE LOCK SHOP, INC 216894 LQ PARK LOCK REPAIR Materials/Supplies 101-3008-60431 25.00 THE LOCK SHOP, INC 216894 KEYS FOR WC Materials/Supplies 101-3008-60431 38.39 UNITED WAY OF THE DESERT 216898 CONTRIBUTION United Way Deductions 101-0000-20981 32.00 UNITED WAY OF THE DESERT 216898 CONTRIBUTION United Way Deductions 101-0000-20981 108.00 VERIZON WIRELESS 216899 03/26-04/25/25 - LQPD CELLS (6852) Telephone - Utilities 101-2001-61300 891.63 VINTAGE ASSOCIATES 216900 SRR LANDSCAPE WIRE REPAIR Maintenance/Services 101-3005-60691 3,500.00 XPRESS GRAPHICS 216903 FALSE ALARM POSTCARDS LQ Police Volunteers 101-2001-60109 277.59 Fund 101 - GENERAL FUND Total: 1,396,257.78 Fund: 201 - GAS TAX FUND BMO FINANCIAL GROUP 216841 PAINTSHAKER Machinery & Equipment 201-7003-80100 2,802.44 MISSION LINEN SUPPLY 216874 04/24/25 UNIFORM LAUNDRY SERVI... Uniforms 201-7003-60690 47.55 MISSION LINEN SUPPLY 216874 05/01/25 UNIFORM LAUNDRY SERVI... Uniforms 201-7003-60690 47.23 PACIFIC PRODUCTS AND SER... 216880 STREET SIGNS Traffic Control Signs 201-7003-60429 1,004.85 TOPS' N BARRICADES INC 216895 PAINT CHALK Materials/Supplies 201-7003-60431 98.47 TOPS' N BARRICADES INC 216895 TRAFFIC SUPPLIES Traffic Control Signs 201-7003-60429 1,962.29 TOPS' N BARRICADES INC 216895 TRAFFIC CONTROL SIGNS Traffic Control Signs 201-7003-60429 885.33 Fund 201 - GAS TAX FUND Total: 6,848.16 Fund: 202 - LIBRARY & MUSEUM FUND KLUZ INTERNATIONAL CORP... 216872 MAKERSPACE EQUIPMENT MAINTENAN... Maintenance/Services 202-3009-60691 1,174.06 Fund 202 - LIBRARY & MUSEUM FUND Total: 1,174.06 Fund: 215 - LIGHTING & LANDSCAPING FUND BLUETRITON BRANDS INC 216840 BMO FINANCIAL GROUP 216841 COACHELLA VALLEY WATER D.. 216850 DESERT CONCEPTS CONSTR... 216857 DESERT CONCEPTS CONSTR... 216857 HOME DEPOT CREDIT SERVIC... 216865 IMPERIAL IRRIGATION DIST 216866 IMPERIAL IRRIGATION DIST 216866 MOON VALLEY NURSERY CO... 216875 PWLC II, INC 216883 RED TERRA NURSERY, LLC 216885 TRI-STATE MATERIALS INC 216896 TRI-STATE MATERIALS INC 216896 TRI-STATE MATERIALS INC 216896 TRI-STATE MATERIALS INC 216896 Fund: 221 - AB 939 - CALRECYCLE FUND ALPHA MEDIA LLC 216839 ALPHA MEDIA LLC 216839 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 Fund: 241 - HOUSING AUTHORITY BMO FINANCIAL GROUP 216841 DRINKING WATER Operating Supplies 215-7004-60420 POTTERY Materials/Supplies 215-7004-60431 WATER SERVICE Water - Medians - Utilities 215-7004-61211 04/28-05/02/25 AVE 52 MEDIAN RESTO... Maintenance/Services 215-7004-60691 REPLACE VILLAGE STREETS BENCHES Maintenance/Services 215-7004-60691 GRASS KILLER Materials/Supplies 215-7004-60431 ELECTRICITY SERVICE Electric - Utilities 215-7004-61116 ELECTRICITY SERVICE Electric - Medians - Utilities 215-7004-61117 CITYWIDE TREE PURCHASES Materials/Supplies 215-7004-60431 WEED ABATEMENT DUNE PALMS/WES... Maintenance/Services 215-7004-60691 PLANTS Materials/Supplies 215-7004-60431 HARDSCAPE MATERIALS Materials/Supplies 215-7004-60431 HARDSCAPE MATERIALS Materials/Supplies 215-7004-60431 HARDSCAPE MATERIALS Materials/Supplies 215-7004-60431 HARDSCAPE MATERIALS Materials/Supplies 215-7004-60431 Fund 215 - LIGHTING & LANDSCAPING FUND Total: 03/2025 - RECYCLING DIGITAL ADS AB 939 Recycling Solutions 221-0000-60127 03/2025 - RECYCLING RADIO ADS MIX 1... AB 939 Recycling Solutions 221-0000-60127 RETURN CITY PICNIC GAMES AB 939 Recycling Solutions 221-0000-60127 KEY CHAINS/BRACELETS FOR CITY PICNIC AB 939 Recycling Solutions 221-0000-60127 CITY PICNIC GAMES AB 939 Recycling Solutions 221-0000-60127 CANDY FOR CITY PICNIC AB 939 Recycling Solutions 221-0000-60127 EARTH DAY GAME PRIZE AB 939 Recycling Solutions 221-0000-60127 EARTH DAY GIVEAWAYS AB 939 Recycling Solutions 221-0000-60127 EARTH DAY GAME PRIZE AB 939 Recycling Solutions 221-0000-60127 EARTH DAY GAME PRIZE AB 939 Recycling Solutions 221-0000-60127 EARTH DAY GAME PRIZE AB 939 Recycling Solutions 221-0000-60127 EARTH DAY GAME PRIZE AB 939 Recycling Solutions 221-0000-60127 Fund 221 - AB 939 - CALRECYCLE FUND Total: 04/21/25 - RIVCO RECORDER Fund: 401 - CAPITAL IMPROVEMENT PROGRAMS HOME DEPOT CREDIT SERVIC... 216865 SMALL HAND TOOLS 5/27/2025 12:57:20 PM Professional Services 241-9101-60103 Fund 241 - HOUSING AUTHORITY Total Construction 401-0000-60188 612.58 761.25 7,293.94 7,200.00 4,990.00 467.01 152.44 19.42 3,232.50 3,380.00 2,262.00 5,153.99 5,041.02 2,484.48 4,997.50 48,048.13 1,500.00 3,500.00 -12.77 43.46 57.97 63.40 43.50 20.00 30.00 30.00 40.00 10.88 5,326.44 47.05 47.05 157.83 Page 5of10 226 Demand Register Vendor Name Payment Number Description (Item) JSL ARCHITECTURE, INC. 216870 NAI CONSULTING INC 216876 NAI CONSULTING INC 216876 NAI CONSULTING INC 216876 NAI CONSULTING INC 216876 NAI CONSULTING INC 216876 NAI CONSULTING INC 216876 NAI CONSULTING INC 216876 NAI CONSULTING INC 216876 NAI CONSULTING INC 216876 NAI CONSULTING INC 216876 NAI CONSULTING INC 216876 NAI CONSULTING INC 216876 NAI CONSULTING INC 216876 NAI CONSULTING INC 216876 NAI CONSULTING INC 216876 NAI CONSULTING INC 216876 NAI CONSULTING INC 216876 NAI CONSULTING INC 216876 NAI CONSULTING INC 216876 SPRUCE & GANDER, INC 216891 TERRA NOVA PLANNING & R... 216893 TERRA NOVA PLANNING & R... 216893 TERRA NOVA PLANNING & R... 216893 VINTAGE ASSOCIATES 216900 VORTEX USA INC 216902 Fund: 501 - FACILITY & FLEET REPLACEMENT BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 DANIEL'S TIRE SERVICE, INC. 216853 DANIEL'S TIRE SERVICE, INC. 216853 HOME DEPOT CREDIT SERVIC... 216865 S&D CARWASH MANAGEME... 216888 Fund: 502 - INFORMATION TECHNOLOGY BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 BMO FINANCIAL GROUP 216841 COMPLETE PAPERLESS SOLUT.. 216851 COMPLETE PAPERLESS SOLUT.. 216851 FRONTIER COMMUNICATIO... 216862 FRONTIER COMMUNICATIO... 216862 Packet: APPKT04166 - 05/16/2025 JB Account Name Account Number Amount M&O YARD DESIGN Design 401-0000-60185 04/2025 XPARK BUILDING ADA IMPROV... Professional Services 401-0000-60103 04/2025 AVENUE 50 WIDENING IMPRO... Professional Services 401-0000-60103 04/2025 DUNE PALMS BRIDGE IMPROV... Professional Services 401-0000-60103 04/2025 HIGHWAY 111 CORRIDOR Professional Services 401-0000-60103 04/2025 CITYWIDE MISC CONCRETE IM... Professional Services 401-0000-60103 04/2025 AVE 52 JEFFERSON ST ROUND... Professional Services 401-0000-60103 04/2025 AVE 50 SIDEWALK IMPROV WA... Professional Services 401-0000-60103 04/2025 FRITZ BURNS PARK IMPROVEM... Professional Services 401-0000-60103 04/2025 WASH STREET CONNECTOR AR... Professional Services 401-0000-60103 04/2025 MISC RETENTION BASIN IMPR... Professional Services 401-0000-60103 04/2025 AVE 50 BRIDGE Professional Services 401-0000-60103 04/2025 MAINTENANCE AND OPERATI... Professional Services 401-0000-60103 04/2025 CITY HALL DRAINAGE IMPROV... Professional Services 401-0000-60103 04/2025 HIGHWAY 111 REHAB Professional Services 401-0000-60103 04/2025 CITYWIDE ADA MISC IMPROV... Professional Services 401-0000-60103 04/2025 WASHINGTONST SIDEWALK IM... Professional Services 401-0000-60103 04/2025 VILLAGE ART/CULTURAL PLAZA Professional Services 401-0000-60103 04/2025 COVE AREA SLURRY SEAL IMP... Professional Services 401-0000-60103 04/2025 AVENUE 48 ART AND MUSIC L... Professional Services 401-0000-60103 DEPOSIT FOR SEATS, TABLES, BENCHES, ... Construction 401-0000-60188 03/01-04/30/25 - ONCALL PLANNING SE... Design 401-0000-60185 03/01-04/30/25 - ONCALL PLANNING SE... Design 401-0000-60185 01/01-03/30/25 - ONCALL PLANNING SE... Design 401-0000-60185 DUNE PALMS BRIDGE LANDSCAPE INST... Construction 401-0000-60188 DEPOSIT FOR WATER PLAY STRUCTURE ... Construction 401-0000-60188 Fund 401 - CAPITAL IMPROVEMENT PROGRAMS Total FLEET MUD FLAPS STORAGE CABINET FOR PUBLIC SAFETY CABINET FOR COURTYARD MEETING R... SOUNDPROOF PANELS FLAG BOX STORAGE SPARE KEY FOR WATER TRUCK PRINTING ON SOUNDPROOFING PANELS SOUNDPROOF PANELS SOUND PROOFING PANELS 22 CHEVYTRAVERSE VIN J166478 MAIN... 17 CHEVY COLORADO VIN H1244342 TI... LIGHT BULBS 04/2025 - CAR WASH MEMBERSHIP 05/2025 - EMAIL PROTECTION SOFTWA... 05/2025 - MOBILE SERVICE MANAGEM... KEYBOARD FOR S.LAURENO SUPPLIES FOR IT STOCK ELECTRONICS ORGANIZER & VGA CABLE CLICKSHARE BUTTON FOR IT STOCK IPHONE CASES FOR IT STOCK DOCKING STATION FOR IT STOCK IPAD CASE FOR N.LYNCH 04/2025 - HULU SUBSCRIPTION IPAD CASE FOR IT STOCK IPHONE CASES FOR IT STOCK IPAD FOR IT STOCK FY25/26 - LASERFICHE ANNUAL SERVICE LASERFICHE ANNUAL SOFTWARE ENHA... 04/25-05/24/25 - CH INTERNET 04/27-05/26/25 - CH INTERNET Parts, Accessories, and Upfits 501-0000-60675 Furniture 501-0000-71020 Furniture 501-0000-71020 City Bldg Repl/Repair 501-0000-71103 City Bldg Repl/Repair 501-0000-71103 Parts, Accessories, and Upfits 501-0000-60675 City Bldg Repl/Repair 501-0000-71103 City Bldg Repl/Repair 501-0000-71103 City Bldg Repl/Repair 501-0000-71103 Vehicle Repair & Maintenan... 501-0000-60676 Vehicle Repair & Maintenan... 501-0000-60676 Vehicle Repair & Maintenan... 501-0000-60676 Vehicle Repair & Maintenan... 501-0000-60676 Fund 501 - FACILITY & FLEET REPLACEMENT Total: Software Licenses 502-0000-60301 Software Licenses 502-0000-60301 Operating Supplies 502-0000-60420 Operating Supplies 502-0000-60420 Operating Supplies 502-0000-60420 Operating Supplies 502-0000-60420 Operating Supplies 502-0000-60420 Operating Supplies 502-0000-60420 Operating Supplies 502-0000-60420 Cable/Internet - Utilities 502-0000-61400 Operating Supplies 502-0000-60420 Operating Supplies 502-0000-60420 Computers 502-0000-80103 Prepaid Expense 502-0000-13600 City Clerk, Software Enhanc... 502-0000-71047 Cable/Internet - Utilities 502-0000-61400 Cable/Internet - Utilities 502-0000-61400 9,760.00 195.00 632.50 4,275.00 780.00 3,937.00 580.00 195.00 9,305.50 7,934.50 827.50 2,373.00 1,992.50 1,507.50 2,570.50 1,023.50 322.00 2,820.00 10,247.50 827.50 197,833.57 10,413.95 843.75 438.75 26,145.00 93,387.50 391,326.35 130.46 122.88 304.49 139.40 51.06 31.67 560.30 319.70 159.85 166.79 32.07 32.48 779.61 2,830.76 499.00 324.00 215.31 911.42 219.15 312.09 187.65 58.73 79.08 87.99 68.79 63.60 1,519.13 22,182.50 7,017.00 132.13 116.47 5/27/2025 12:57:20 PM 227 Page 6 of 10 Demand Register Packet: APPKT04166 - 05/16/2025 JB Vendor Name Payment Number Description (Item) Account Name Account Number Amount RINCON CONSULTANTS, INC. 216886 03/2025 PUBLIC WORKS OPENGOV IMP... Software Licenses 502-0000-60301 4,050.00 RINCON CONSULTANTS, INC. 216886 03/2025 GEOGRAPHIC INFORMATION S... Software Licenses 502-0000-60301 4,468.50 TRITON TECHNOLOGY SOLUT... 216897 7/1/25-06/30/26 CABLECAST MAINTEN... Prepaid Expense 502-0000-13600 4,700.00 TRITON TECHNOLOGY SOLUT... 216897 05/16-06/30/25 CABLECAST MAINTENA... Maintenance Agreements 502-0000-60300 948.00 VISUAL EDGE IT, INC. 216901 XMEDIUS XM CLOUD TOOM FOR CLOUD... Copiers 502-0000-60662 6,244.34 VISUAL EDGE IT, INC. 216901 04/2025 - IT SERVICES Consultants 502-0000-60104 33,178.00 VISUAL EDGE IT, INC. 216901 04/2025 CONTINGENCY Consultants 502-0000-60104 8,914.92 VISUAL EDGE IT, INC. 216901 5/12-8/11/25 PRINTERS 2/12-5/11/25 ... Copiers 502-0000-60662 185.10 Fund 502 - INFORMATION TECHNOLOGY Total: 96,682.90 Fund: 504 - INSURANCE FUND BMO FINANCIAL GROUP 216841 PADDED ALUMINUM SPLINT FOR FLEET ... Operating Supplies 504-1010-60420 32.52 BMOFINANCIAL GROUP 216841 SHIPPING LABEL SLEEVES Operating Supplies 504-1010-60420 27.04 Fund 504 - INSURANCE FUND Total: 59.56 Fund: 601 - SILVERROCK RESORT HOME DEPOT CREDIT SERVIC... 216865 MATERIALS Repair & Maintenance 601-0000-60660 72.61 HOME DEPOT CREDIT SERVIC... 216865 SPRAY PAINT Repair & Maintenance 601-0000-60660 26.01 Fund 601 - SILVERROCK RESORT Total: 98.62 Grand Total: 1,948,699.81 5/27/2025 12:57:20 PM 228 Page 7 of 10 Demand Register Packet: APPKT04166 - 05/16/2025 JB Fund Summary Fund Expense Amount 101 - GENERAL FUND 1,396,257.78 201 - GAS TAX FUND 6,848.16 202 - LIBRARY & MUSEUM FUND 1,174.06 215 - LIGHTING & LANDSCAPING FUND 48,048.13 221 - AB 939 - CALRECYCLE FUND 5,326.44 241 - HOUSING AUTHORITY 47.05 401 - CAPITAL IMPROVEMENT PROGRAMS 391,326.35 501 - FACILITY & FLEET REPLACEMENT 2,830.76 502 - INFORMATION TECHNOLOGY 96,682.90 504 - INSURANCE FUND 59.56 601 - SILVERROCK RESORT 98.62 Grand Total: 1,948,699.81 Account Summary Account Number Account Name Expense Amount 101-0000-20304 Sales Taxes Payable -34.77 101-0000-20305 Due to SunLine 278.00 101-0000-20981 United Way Deductions 140.00 101-0000-20985 Garnishments Payable 224.39 101-0000-42200 Leisure Enrichment 140.00 101-0000-42214 Wellness Center Leisure ... 34.00 101-0000-42301 Miscellaneous Revenue -17.25 101-0000-42441 Planning Compliance Rev.. 432.00 101-1001-60320 Travel & Training 944.56 101-1002-60101 Contract Services - Admi... 3,500.00 101-1002-60510 Contingency for Operati... 285.00 101-1004-50252 Annual Wellness Dollar... 136.10 101-1004-60129 Recruiting/Pre-Employm... 608.85 101-1004-60320 Travel & Training 396.00 101-1004-60340 Employee Recognition E... 483.31 101-1005-60103 Professional Services 6,450.02 101-1005-60320 Travel & Training 169.94 101-1005-60400 Office Supplies 90.17 101-1005-60450 Advertising 788.40 101-1006-60102 Administration 9.28 101-1006-60320 Travel & Training 275.00 101-1006-60400 Office Supplies 55.57 101-1007-60403 Citywide Supplies 418.73 101-1007-60470 Postage 270.68 101-2001-60109 LQ Police Volunteers 360.53 101-2001-60161 Sheriff Patrol 673,916.24 101-2001-60162 Police Overtime 18,266.53 101-2001-60163 Target Team 153,622.98 101-2001-60164 Community Services Offi... 55,004.10 101-2001-60166 Gang Task Force 17,000.00 101-2001-60167 Narcotics Task Force 17,000.00 101-2001-60169 Motor Officer 151,741.70 101-2001-60170 Dedicated Sargeants 40,461.60 101-2001-60171 Dedicated Lieutenant 26,446.40 101-2001-60172 Sheriff -Mileage 35,567.74 101-2001-60175 Special Enforcement Fu... 179.06 101-2001-60420 Operating Supplies 253.98 101-2001-61300 Telephone - Utilities 891.63 101-2002-60320 Travel & Training 1,384.68 101-2002-60670 Fire Station 925.06 101-2002-61304 Mobile/Cell Phones/Sate... 92.90 101-3002-60420 Operating Supplies 1,477.87 101-3003-60149 Community Experiences 8,500.75 101-3003-60157 Rental Expense 150.00 5/27/2025 12:57:20 PM 229 Page 8 of 10 Demand Register Packet: APPKT04166 - 05/16/2025 JB Account Summary Account Number Account Name Expense Amount 101-3005-60431 Materials/Supplies 813.62 101-3005-60690 Uniforms 78.98 101-3005-60691 Maintenance/Services 6,450.00 101-3005-61204 Water -Fritz Burns Park-... 1,762.96 101-3005-61300 Telephone - Utilities 56.50 101-3007-60137 Community Engagement 690.54 101-3007-60320 Travel & Training 228.00 101-3007-60351 Membership Dues 265.95 101-3007-60410 Printing 2,335.06 101-3007-60420 Operating Supplies 274.13 101-3007-60450 Sponsorships/Advertising 1,250.00 101-3007-60461 Marketing & Tourism Pr... 54,695.99 101-3008-60123 Security & Alarm 603.88 101-3008-60431 Materials/Supplies 933.21 101-3008-60432 Tools/Equipment 187.28 101-3008-60667 HVAC 756.00 101-3008-60690 Uniforms 47.39 101-3008-61200 Water -Utilities 785.56 101-6002-60103 Professional Services 3,202.80 101-6002-60450 Advertising 311.75 101-6003-60118 Plan Checks 35,901.16 101-6004-60103 Professional Services 997.86 101-6004-60111 Administrative Citation ... 601.50 101-6004-60197 Animal Shelter Contract ... 56,783.27 101-6004-60400 Office Supplies 242.49 101-6004-60425 Supplies - Field 313.18 101-6005-60320 Travel & Training 261.62 101-6006-60320 Travel & Training 2,899.82 101-6006-60420 Operating Supplies 54.36 101-7001-60320 Travel & Training 99.74 101-7001-60400 Office Supplies 36.11 101-7001-60420 Operating Supplies 21.00 101-7003-60320 Travel & Training 1,170.27 101-7003-60420 Operating Supplies 1,285.20 101-7006-60104 Consultants 390.00 101-7006-60320 Travel & Training 148.87 201-7003-60429 Traffic Control Signs 3,852.47 201-7003-60431 Materials/Supplies 98.47 201-7003-60690 Uniforms 94.78 201-7003-80100 Machinery & Equipment 2,802.44 202-3009-60691 Maintenance/Services 1,174.06 215-7004-60420 Operating Supplies 612.58 215-7004-60431 Materials/Supplies 24,399.75 215-7004-60691 Maintenance/Services 15,570.00 215-7004-61116 Electric - Utilities 152.44 215-7004-61117 Electric - Medians - Utilit... 19.42 215-7004-61211 Water - Medians - Utiliti... 7,293.94 221-0000-60127 AB 939 Recycling Solutio... 5,326.44 241-9101-60103 Professional Services 47.05 401-0000-60103 Professional Services 52,346.00 401-0000-60185 Design 21,456.45 401-0000-60188 Construction 317,523.90 501-0000-60675 Parts, Accessories, and ... 162.13 501-0000-60676 Vehicle Repair & Maint... 1,010.95 501-0000-71020 Furniture 427.37 501-0000-71103 City Bldg Repl/Repair 1,230.31 502-0000-13600 Prepaid Expense 26,882.50 502-0000-60104 Consultants 42,092.92 5/27/2025 12:57:20 PM 230 Page 9 of 10 Demand Register Packet: APPKT04166 - 05/16/2025 JB Account Summary Account Number Account Name Expense Amount 502-0000-60300 Maintenance Agreements 948.00 502-0000-60301 Software Licenses 9,341.50 502-0000-60420 Operating Supplies 2,115.82 502-0000-60662 Copiers 6,429.44 502-0000-61400 Cable/Internet - Utilities 336.59 502-0000-71047 City Clerk, Software Enh... 7,017.00 502-0000-80103 Computers 1,519.13 504-1010-60420 Operating Supplies 59.56 601-0000-60660 Repair & Maintenance _ 98.62 Grand Total: 1,948,699.81 Project Account Summary Project Account Key Project Account Name Project Name Expense Amount **None** **None** **None** 1,499,655.94 111205CT Construction Expense Dune Palms Bridge Imp/BRLKS-5z 26,145.00 111205P Professional Expense Dune Palms Bridge Imp/BRLKS-5z 4,275.00 201804E Landscape & Lighting Median Islan... Landscape & Lighting Median Isla 23,171.49 201805D Design Expense Corporate Yard Admin Offices & 1 9,760.00 201805P Professional Expense Corporate Yard Admin Offices & 1 1,992.50 201901D Design Expense Village Art Plaza Promenade & Ct 843.75 201901P Professional Expense Village Art Plaza Promenade & Ce 2,820.00 201902P Professional Expense Avenue 50 Bridge Spanning the E 2,373.00 201905P Professional Expense Highway 111 Corridor Area Plan 1 780.00 202008P Professional Expense Avenue 48 Art and Music Line Pre 827.50 202102CT Construction Expense Fritz Burns Park Improvements 291,221.07 202102D Design Expense Fritz Burns Park Improvements 10,413.95 202102P Professional Expense Fritz Burns Park Improvements 9,305.50 202205D Design Expense Avenue 50 Widening Improveme 438.75 202205P Professional Expense Avenue 50 Widening Improveme 632.50 202215E Landscape Maintenance Refurbis... Landscape Maint Refurbishment- 3,380.00 202216E General PW Maint - Desert Concep.. General PW Maintenance - Desei 7,940.00 202225P Professional Expense Highway 111 Rehabilitation Proje 2,570.50 202303P Professional Expense Washington St Sidewalk Imp (Ave 322.00 202308P Professional Expense X Park Building ADA Improvemen 195.00 202309P Professional Expense Washington Street Connector to 7,934.50 202328E Citywide Landscape Maintenance ... Citywide Landscape Maintenance 7,200.00 202335P Eisenhower Retention Basin Slope... Miscellaneous Retention Basin In 827.50 202401P Professional Expense Avenue 50 Sidewalk Imp (Wash S 195.00 202403P Professional Expense Cove Area Slurry Seal Improveme 10,247.50 202404P Professional Expense City Hall Drainage Improvements 1,507.50 202405P Professional Expense Citywide Miscellaneous ADA Imp 1,023.50 202406P Professional Expense Citywide Miscellaneous Concrete 3,937.00 202410P Professional Expense Aveue 52 at Jefferson Street Roui 580.00 2425TMICT Construction Expense FY24/25 Traffic Maintenance Imr 157.83 BDAYE City Picnic & Birthday Celebration ... City Picnic & Birthday Celebratior 8,578.15 STVRE Short Term Vacation Rental Expen... Short Term Vacation Rental Tracl 7,447.88 Grand Total: 1,948,699.81 *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. 5/27/2025 12:57:20 PM 231 Page 10 of 10 ATTACHMENT 2 City of La Quinta Bank Transactions 05/05/2025-05/16/2025 Wire Transaction Listed below are the wire transfers from 05/05/2025-05/16/2025. Wire Transfers: 05/05/2025 -WIRE TRANSFER - LANDMARK 05/09/2025 - WIRE TRANSFER - CALPERS 05/09/2025 - WIRE TRANSFER - CALPERS 05/09/2025 - WIRE TRANSFER - CALPERS 05/09/2025 - WIRE TRANSFER - LQCEA 05/09/2025 - WIRE TRANSFER - MISSION SQUARE 05/09/2025 - WIRE TRANSFER - MISSION SQUARE 05/09/2025 - WIRE TRANSFER - SILVERROCK PHASE 1 LLC(1) 05/09/2025 - WIRE TRANSFER - LANDMARK 05/12/2025 - WIRE TRANSFER - CALPERS 05/13/2025 - WIRE TRANSFER - STERLING 05/16/2025 -WIRE TRANSFER - AMERITAS 05/16/2025 -WIRE TRANSFER - AMERITAS 05/16/2025 -WIRE TRANSFER - AMERITAS 05/16/2025 - WIRE TRANSFER - MID AMERICA TOTAL WIRE TRANSFERS OUT $174,406.36 $7,629.17 $15,409.21 $36,642.52 $583.00 $4,105.00 $15,823.53 $505,195.29 $525,011.00 $162,330.32 $1,426.45 $48.40 $691.98 $7,958.16 $21,000.74 $1,478,261.13 (1) These funds represent a loan under the Debtor -in -Possession (DIP) financing. This disbursement does not reflect the City financing of construction or development at SilverRock. 232 City of La Quints BUSINESS SESSION ITEM NO. 1 CITY COUNCIL MEETIN( .tune 3, 2025 STAFF REPORT AGENDA TITLE: APPROVE THIRD ROUND OF COMMUNITY SERVICES GRANTS FOR FISCAL YEAR 2024/25 RECOMMENDATION Approve third round of Community Services Grants for fiscal year 2024/25. EXECUTIVE SUMMARY • The City allocates grant funding to non -profits that serve La Quinta residents and the Coachella Valley. • Council considers Community Services Grants and Economic Development/Marketing and Sponsorship funding requests three times per fiscal year (FY). • Ten grant applications were received and reviewed by the Community Services Grant Ad Hoc Committee (Committee) for the third round. FISCAL IMPACT A total of $100,000 is allocated to Community Services Grants (Account No. 101-3001- 60510) for FY 2024/25, of which $31,000 was awarded to 9 organizations in the 1 st round of grants, and $29,000 to 7 organizations during the 2nd round of grants, resulting in an available balance of $40,000. For the 3rd round of grants, 10 organizations submitted a total of $49,363 in grant requests and the Committee recommends funding $40,000 of the requests. BACKGROUND/ANALYSIS Grants are awarded to 501(c)3 non-profit groups and organizations that benefit La Quinta residents and the Coachella Valley and strengthen the business community. Grants are limited to $5,000 per request and consecutive FY funding is not allowed (Attachment 1). A Starter Grant opportunity is for organizations applying for the first time. This allows first- time applicants up to $500 of funding and eligibility to apply again the next FY. 233 Ten grant applications were submitted for the third round for FY 2024/25. The Committee, comprised of Mayor Evans and Councilmember Sanchez, reviewed all applications (Attachment 2), and recommended funding as listed in the table below. Applicant Requested Committee Recommendation Boy Scouts of America Troop 451 $5,000 $5,000 Big Brothers Big Sisters of the Desert $5,000 $5,000 Childrens Discovery Museum of the Desert $5,000 $5,000 Desert Sands Educational Foundation $5,000 $0 La Quinta Youth Sports Association - Desert Shockers $5,000 $5,000 Friends of the Cultural Center — McCallum Theatre $5,000 $4,500 Green Room Theatre Company Coachella Valley $5,000 *$500 Parkinsons Resource Organization $5,000 $5,000 Reynaldo J. Carreon MD Foundation $5,000 $5,000 Tools for Tomorrow $4,363 $5,000 Total $49,363 $40,000 *Starter Grant All applications are available for review and on file with the Community Services Department. ALTERNATIVES Council may modify and/or deny funding for any or all grant applicants. Prepared by: Michael Calderon, Senior Management Analyst Approved by: Christina Calderon, Community Services Deputy Director Attachments: 1. Community Services Grant Overview 2. Recommended Grant Requests 234 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. 8]:iC'/A\01MAN I Lim21lei R 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 same 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, 2023 are now eligible to apply. Organizations that were funded after July 1, 2023 are ineligible for funding and must wait until July 1, 2025 to re -apply. U:u 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 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 ) 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 Services Department at the Wellness Center 760.564-0096 or at 760.777.7183 235 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 same 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 some 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, 2023 are now eligible to apply. Organizations that were funded after July 1, 2023 are ineligible for funding and must wait until July 1, 2025 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 ME). 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 Services Department at the Wellness Center 760.564.0096 or at 760.777.7183 236 ATTACHMENT 2 Fiscal Year 2024/25 Recommended Grant Reauests — Third Round 1. Big Brothers Big Sisters of the Desert (BBBS) is requesting $5,000 in Community Services Grant funding to support one-to-one mentoring programs. Grant funds will be used to recruit, enroll, and match five La Quinta youths with volunteer mentors and each mentor/mentee match will be assigned a BBBS staff to assist with relationship development and mentor training. By matching youth with caring mentors and positive role models, BBBS aims to ignite mentee potential and empower them to achieve success through strong, one-to-one relationships that inspire confidence and support personal growth. BBBS last received grant funding in fiscal year 2022/23 in the amount of $5,000. The Grant Ad Hoc Committee recommends funding $5,000. 2. Boy Scouts of America (BSA) — Troop 451 is requesting $5,000 in Community Services Grant funding to support troop supplies, recruitment, membership fees, and camping fees for La Quinta scouts. BSA Troop 451 is the only girls' troop in the Coachella Valley and serves girls ages 11-17. Troop 451 seeks to help girls grow into leaders and good citizens by encouraging service to others, building friendships, and developing outdoor adventure skills. BSA Troop 451 last received grant funding in fiscal year 2021/22 in the amount of $5,000. The Grant Ad Hoc Committee recommends funding $5,000. 3. Children's Discovery Museum of the Desert (CDMoM) is requesting $5,000 in Community Services Grant funding to support the expansion of the "Full STEAM Ahead" initiative which provides bilingual, hands-on science, technology, engineering, art, and math programs for youth. Funds will be used to purchase program materials (art supplies, science kits, and adaptive tools), support staff time for planning/delivering activities, and outreach to serve low-income families. CDMoM last received funding in fiscal year 2014/15 in the amount of $2,500. The Grant Ad Hoc Committee recommends funding $5,000. 4. La Quinta Youth Sports Association (LQYSA) — Desert Shockers is requesting $5,000 in Community Services Grant funding to help support the team's efforts to participate in a tournament at Cooperstown Dream Park in Cooperstown, New York this summer. The Desert Shockers is a 12u baseball team. Playing in the tournament provides athletes with the opportunity to develop skills, grow as individuals, and experience baseball at a higher level. Grant funds will help support tournament entry fees, uniforms, and travel expenses. LQYSA last received grant funding in fiscal year 2022/23 in the amount of $2,500. The Grant Ad Hoc Committee recommends funding $5,000. 5. Friends of the Cultural Center— McCallum Theatre is requesting $5,000 in Community Services Grant funding to help expand arts education outreach in La Quinta through McCallum's Field Trip Series which provides opportunities for students to experience immersive world -class performances at no cost. Through the Field Trip Series, the 237 McCallum Theatre invites students and teachers to experience first-rate performances in dance, music, and theatre free of charge. Grant funds would help La Quinta students specifically participate in the Field Trip Series. The McCallum Theatre last received grant funding in fiscal year 2018/19 in the amount of $3,000. The Grant Ad Hoc Committee recommends funding $4,500. 6. Green Room Theatre Company Coachella Valley (GRTCCV) is requesting $5,000 in Community Services Grant funding to help GRTCCV organize a bilingual Shakespeare Festival in 2026 which will include 16 performances of two different plays, educational programming, and ballet folklorico performances. Specifically, funds would help support the actors, designers, costumes, makeup, set design, sound, etc. This is the first time GRTCCV has requested grant funding. The Grant Ad Hoc Committee recommends funding a $500 Starter Grant. The organization will be eligible to apply for the Community Services Grant program again during fiscal year 2025-2026. 7. Parkinson's Resource Organization (PRO) is requesting $5,000 in Community Services Grant funding for support groups and exercise classes for La Quinta residents. Support groups and classes include Partners in Care, Grief Support Group, Mindfulness Focused Group, Yoga, and Fitness. The exercise classes help preserve cognitive function, maintain balance, and reduce feelings of isolation. PRO last received grant funding in fiscal year 2022/23 in the amount of a $500 Starter Grant. The Grant Ad Hoc Committee recommends funding $5,000. 8. Reynaldo J. Carreon MD Foundation (RCMF) is requesting $5,000 in Community Services Grant funding to support scholarships for La Quinta youth. As of today, two La Quinta students have been approved for scholarships to help support post high school education including college, universities, and/or trade school. Since its inception, RCMF has awarded approximately $2 million in scholarships to minority students in the Coachella Valley. RCMF last received funding in fiscal year 2022/23 in the amount of $2,500. The Grant Ad Hoc Committee recommends funding $5,000. 9. Tools for Tomorrow (TFT) is requesting $4,363 in Community Services Grant funding to help provide free integrated arts literacy programs that inspire creativity, self- expression, and a love of learning. Grant funds would support 10-week Creative Club sessions at Ben Franklin Elementary School and Harry Truman Elementary School. The funds will also support the art teacher, program oversight, and art supplies. TFT last received grant funding in fiscal year 2013/14 in the amount of a $500 Starter Grant. The Grant Ad Hoc Committee recommends funding $5,000. 238 Grant Requests not recommended for fundinq and/or did not meet the criteria in the Grant Guidelines include: 10. Desert Sands Education Foundation (DSEF) is requesting $5,000 in Community Services Grant funding to support a large-scale mural at Colonel Mitchell Paige Middle School which is part of a school -wide rebranding effort to build a stronger sense of identity, belonging, and pride among students, staff, and families. The mural will serve as a lasting symbol of the school's transformation and will be used to support student - led art, leadership, and school culture projects. DSEF last received grant funding in fiscal year 2021 /22 in the amount of $2,000. The Grant Ad Hoc Committee does not recommend funding for this organization at this time. 239 240 BUSINESS SESSION ITEM NO. 2 City of La Quinta CITY COUNCIL MEETING June 3, 2025 STAFF REPORT AGENDA TITLE: APPROVE USE OF THE CITY SEAL FOR THE HISTORICAL PLAQUE PROGRAM ADMINISTERED BY THE LA QUINTA HISTORICAL SOCIETY KLLA MMENDAI1uN Approve the use of the City seal for the Historical Plaque Program administered by the La Quinta Historical Society. EXECUTIVE SUMMARY • Council has approved two properties as local historic landmark designations in the Cove in the last six months. • The La Quinta Historical Society (Historical Society) has designed plaques to place on the properties that are designated as local landmarks and wishes to use the City seal. FISCAL IMPACT — None. BACKGROUND/ANALYSIS In December 2024 and April 2025, Council designated two properties in the Cove as local historic landmarks, 51407 Avenida Velasco and 51495 Avenida Diaz. These properties are two of the original casitas that were constructed in the 1930s as part of the first subdivision in the City. The Historical Society wishes to implement a Historical Plaque Program that would recognize these and future landmark designated properties on the landmark sites (Attachment 1). The program is entirely administered by the Historical Society. A property owner with a landmark designated property would not be required to have a plaque, but could elect to have one if they wish. ALTERNATIVES Council may choose not to authorize the use of the City seal and logo on the plaques. The Historical Society would then need to redesign the plaques to not include the seal. Prepared by: Danny Castro, Design and Development Director Approved by: Jon McMillen, City Manager Attachment: 1. La Quinta Historical Society Historical Plaque Program 241 ATTACHMENT 1 PLAQUE PROGRAM FOR DESIGNATED HISTORICAL LANDMARKS Dear Historic Property Owner: As an owner of a designated historical resource in the City of La Quinta, you are encouraged to display a plaque identifying your property as an important part of La Quinta's history. If the architecture allows, plaques must be placed by the front door of the historical landmark near eye level so that it can be clearly seen. If there is a perimeter wall or fence obscuring the front door or entry the plaque may also be placed on the exterior of the front wall next to the primary entry gate or opening. It is preferred that the plaque be located and placed so that it can be visible to the public, although it is not required. Plaques identifying historically designated properties must conform to the La Quinta Historical Society specifications (see attached): • Plaque must match the shape in the example. • Size: 17" x 12", 14" x 10" or 12" x 9" • Lettering must be bronze on a brown background. • Plaque Must contain: o City Seal o Landmark Designation No o Name of the historical landmark o Date landmark was built Please confirm the historical name, date and landmark designation number prior to placing an order for a plaque. Franklin Bronze Plaques 4201 US 322 West Franklin, PA 16323 814-346-7205 info@franklinbronzeplaques.com www.franklinbronzepLaques.com 242 Guidelines for Naming Historic Resources 1. Resources maybe named for the HISTORIC PERSON associated with the resource. 2. Resources maybe named after the HISTORICAL NAME as it may have been established by the original owner, subsequent owners, or community. Such name shall be substantiated as the resource's known name since its period of significance or for the past 50 years. 3. If the resource is a commercial resource, it maybe named for its HISTORICAL USE OR TENANT. 4. If the resource is a building, the resource may be named after the FIRST OWNER WHO COMMISSIONED THE BUILDING. If the resource is a house, the commissioning owner has to have lived on the premises in orderforthe house to be named for this owner. The spouse of the first owner may be included in the resource name if they lived on the premises and were absent from any specific information for their inclusion. If both names appear in the Chain of Title, then the names of both spouses would be presented in the order as they appear on the Chain of Title, but listing on the Chain of Title is not required for a spouse who can otherwise be shown to have lived on the premises. 5. If the resource is a commercial building or an income -producing building (apartment house) the resource maybe named after the OWNER WHO HAD IT BUILT. 6. If the resource is associated with a master architect, builder or craftsman, the name of the MASTER ARCHITECT, BUILDER, OR CRAFTSMAN shall be ADDED to the other resource designator. 7. A resource that has been designed by a master architect, builder or craftsman who also resided in and/or owned the resource shall have the single designator of the MASTER ARCHITECT, BUILDER OR CRAFTSMAN. 8. The current owner's name shall not be used in the naming of a resource. 243 P.S. KIENER CASITA 1935 CITY OF LA QUINTA HISTORICAL LANDMARK NO. E.S. KIENER CASITA 1935 CITY OF LA QUINTA HISTORICAL LANDMARK NO. 1 b-v� OF LA Q[j `4 E.S. KIENER CASITA 1935 0 L LANDMN�� � C7Y OF LA Qtjll T ,xd E.S. KIENER CASITA 1935 0:� O�ICA L L A NDNL �? BUSINESS SESSION ITEM NO. 3 City of La Quinta CITY COUNCIL MEETING: .tune 3, 2025 STAFF REPORT AGENDA TITL' : INTRODUCE FOR FIRST READING AN ORDINANCE UPDATING THE FIRE HAZARD SEVERITY ZONES PURSUANT TO GOVERNMENT CODE SECTION 51178 AND THE CALIFORNIA FIRE CODE RECOMMENDATION A) Move to take up Ordinance No. by title and number only and waive further reading. B) Move to introduce at first reading Ordinance No. to adopt the 2025 Fire Hazard Severity Zones Map for City of La Quinta, pursuant to Government Code Section 51178 and the California Fire Code. EXECUTIVE SUMMAKY • The California Department of Forestry and Fire Protection (CAL FIRE) periodically updates Fire Hazard Severity Zone (FHSZ) maps for Local Responsibility Areas (LRAs) throughout the state. • On March 24, 2025, the Office of the State Fire Marshal (OSFM) issued the 2025 Recommended Local Responsibility Area (LRA) FHSZ maps for Riverside County. • State law requires local jurisdictions to adopt these maps by ordinance to ensure proper implementation of associated building standards and fire safety requirements in identified hazard zones. FISCAL IMPACT — None. BACKGROUND/ANALYSIS CAL FIRE periodically updates FHSZ maps for LRAs throughout the state. These maps identify varying levels of fire hazard (moderate, high, and very high) based on factors including vegetation, topography, weather, crown fire potential, and ember production and movement. State law requires local jurisdictions to formally adopt these maps by ordinance to ensure proper implementation of associated building standards and fire safety requirements in identified hazard zones. 245 On November 15, 2022, the City adopted the FHSZ maps via Ordinance No. 604, along with the 2022 California Building Standards Code. CAL FIRE has completed its latest assessment and has provided updated LRA maps that reflect current conditions and risk factors. Per Government Code Section 51179 (b)(3), Local agencies shall not decrease the FHSZ level recommended by the OSFM, but may add to or increase the recommended FHSZ level, however, Riverside County Fire Department is not proposing any additions or increases during this adoption process, thus, if approved, the City of La Quinta would adopt the FHSZ without any modifications. The updated FHSZ maps incorporate the latest scientific methodologies and data, including vegetation mapping, fire history, weather patterns, and terrain analysis. Residents can check their property's FHSZ status online by visiting https://www.rvcfire.org/our-departments/fire-marshal/FHSZ-map. Or they can visit the City of La Quinta's website: https://www.laguintaca.gov/our-city/city-departments/public- safetv/fi re-department/office-of-the-fi re-marshal/office-of-the-fire-marshal. ALTERNATIVES Council may introduce the proposed Ordinance as submitted or revise the proposed regulations and introduce the Ordinance as revised. Prepared by: Lisa Chastain, Management Analyst, Public Safety Approved by: Martha Mendez, Public Safety Deputy Director 246 ORDINANCE NO. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, ADOPTING THE FIRE HAZARD SEVERITY ZONES AS RECOMMENDED BY THE CALIFORNIA DEPARTMENT OF FORESTRY AND FIRE PROTECTION PURSUANT TO GOVERNMENT CODE SECTION 51178 WHEREAS, the California Department of Forestry and Fire Protection (CAL FIRE), pursuant to Government Code Section 51178, has developed updated Fire Hazard Severity Zone (FHSZ) (Exhibit A) maps for areas within Local Responsibility Areas (LRAs); and WHEREAS, Government Code Sections 51175 through 51189 require local jurisdictions to adopt the FHSZ maps by ordinance, and to enforce the building standards for new structures in Very High Fire Hazard Severity Zones as established in the California Building Code and California Fire Code; and WHEREAS, adoption of the FHSZ map will help the City reduce the risk of wildfire through updated planning and building standards and enable better protection of life, property, and natural resources; and WHEREAS, the City of La Quinta desires to adopt the FHSZ map as recommended by CAL FIRE to comply with state law and to ensure the health, safety, and welfare of the community. NOW, THEREFORE, the City Council of the City of La Quinta does ordain as follows: SECTION 1. ADOPTION AND DESIGNATION. The City of La Quinta hereby adopts and designates the Fire Hazard Severity Zones within the City as recommended by the California Department of Forestry and Fire Protection and presented in the enclosed map as Exhibit A, incorporated herewith by this reference, and titled: "City of La Quinta Fire Hazard Severity Zones Map," as maintained and published by the California Department of Forestry and Fire Protection. This map is incorporated by reference and shall serve as the official FHSZ designation within the Local Responsibility Area for the City of La Quinta. SECTION 2. AVAILABILITY OF THE MAP. The official Fire Hazard Severity Zones map is available for public review: • In the Office of the City Clerk, City of La Quinta, located at 78-495 Calle Tampico, La Quinta, CA 92253; and Electronically on the City's official website at: https://www.lagui ntaca.gov/our-city/city-departments/public-safety/fire-department/office-of-the-fire-marshal/office-of-the-fire-marshal 247 Ordinance No. XXX Adopting Fire Hazard Severity Zones Adopted: , 2025 Page 2 of 3 SECTION 3. EFFECTIVE DATE: This Ordinance shall be in full force and effect thirty (30) days after its adoption. SECTION 4. POSTING: The City Clerk shall, within 15 days after passage of this Ordinance, cause it to be posted in at least three public places designated by resolution of the City Council (Resolution No. 2022-027), shall certify to the adoption and posting of this Ordinance, and shall cause this Ordinance and its certification, together with proof of posting to be entered into the permanent record of Ordinances of the City of La Quinta. SECTION 5. RECITALS: The Recitals set forth above are incorporated herein and made an operative part of this Ordinance. SECTION 6. CEQA: The City Council finds that adoption of this Ordinance is exempt from the California Environmental Quality Act, Public Resources Code Section 21000 et seq. ("CEQA") and implementing regulations, California Code of Regulations, Title 14, Section 15000 et seq. ("CEQA Guidelines"), as it is not a "Project" as defined by CEQA. (CEQA Guidelines, § 15060(c)(3).) Pursuant to CEQA Guidelines Section 15378(a), a "Project" means the whole of an action, which has a potential for resulting in either a direct physical change in the environment or a reasonably foreseeable indirect physical change in the environment. The requested action is to update the Fire Hazard Severity Zone (FHSZ) map as required by State law and, and, as there is no direct or indirect physical change to the environment by the adoption of the Ordinance, the proposed action is not a "Project" under CEQA (CEQA Guidelines, § 15060(c)(2)). Even if the requested action were a "Project," it is exempt under CEQA Guidelines Sections 15307 and 15308 [Class 7 and Class 8], as the adoption of the Ordinance is an action taken by the City as required by State law to assure the maintenance, restoration, or enhancement of natural resources, and to assure the maintenance, restoration, enhancement, and protection of the environment, where, as here, the State's regulatory process involves procedures for protection of the natural resources and environment subject to fire hazards. Finally, the requested action is exempt from CEQA under the "common sense" exemption (CEQA Guidelines, § 15061(b)(3)), as it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment. SECTION 8. SEVERABILITY: If any section, subsection, subdivision, sentence, clause, phrase, or portion of this Ordinance is, for any reason, held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance. The City Council hereby declares that it would have adopted this Ordinance and each and every section, subsection, subdivision, sentence, clause, phrase, or portion thereof, irrespective of the fact that any one or more section, subsections, subdivisions, sentences, clauses, phrases, or portions thereof be declared unconstitutional. 248 Ordinance No. XXX Adopting Fire Hazard Severity Zones Adopted: , 2025 Page 3 of 3 PASSED, APPROVED and ADOPTED, at a regular meeting of the La Quinta City Council held this (enter date) day of (enter month), (enter year), 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 249 CITY OF LA QUINTA - RIVERSIDE COUNTY Local Responsibility Area Fire Hazard Severity Zones La Quinta Ordinance No. XXX CP'ESiPr a��=.xalEflj t Adopted: , 2025 EXHIBIT A FIRE As Identified by the State Fire Marshal March 24, 2025 The State of California and the Department of Forestry and Fire Gavin Newsom, Governor, State of California Data Sources: Protection make no representations or warranties regarding the accuracy of data or maps. Neither the State nor the Department shall Wade Crowfoot, Secretary for Natural Resources, CA Natural Resources Agency CAL FIRE Fire Hazard Severity Zones (FHSZSRA23_3, FHSZLRA_25_1) be liable under any circumstances for any direct, special, incidental, Joe Tyler, Director/Fire Chief, CA Department of Forestry and Fire Protection CAL FIRE State Responsibility Areas (SRA25_1) or consequential damages with respect to any claim by any user or third party on account of, or arising from, the use of data or maps. Daniel Berlant, State Fire Marshal, CA Department of Forestry and Fire Protection City and County boundaries as of 10/22/24 (CA Board of Equalization) STUDY SESSION ITEM NO. 1 City of La Quinta CITY COUNCIL MEETING: June 3, 2025 STAFF REPORT AGENDA TITLE DISCUSS FISCAL YEAR 2025/26 PRELIMINARY PROPOSED BUDGET RECOMMENDATION Discuss fiscal year 2025/26 preliminary proposed budget. EXECUTIVE SUMMARY • The May 20, 2025 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 $53,727,338 and total expenditures are $58,737,920. • Final budget adoption is scheduled for the June 17, 2025 Council meeting. FISCAL IMPACT Non -General Fund revenues total $53,727,338 while expenditures total $58,737,920, resulting in a deficit of $5,010,582. Funds with expenses greater than revenues utilize fund balance. BACKGROUND/ANALYSIS The Fiscal Year 2025/26 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 17, 2025. Prepared by: Claudia Martinez, Finance Director Approved by: Jon McMillen, City Manager Attachment: 1. Fiscal Year 2025/26 Proposed Budget Overview 251 ATTACHMENT 1 FISCAL YEAR 2025/26 SECOND BUDGET STUDY SESSION OVERVIEW The second budget study session provides an overview of the 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 2025/26 budget continues to evolve, and all updates will be incorporated into the final adopted budget. The City remains committed to a proactive approach in maintaining infrastructure, addressing community needs, and strengthening La Quinta's long-term fiscal health. 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 $101,000 expense increase GENERALFUND FY 2025/26 ORIGINAL PROPOSED BUDGET A SUMMARY Revenues $ 89,842,254 Less Operating/CIP Expenses (90,386,634) Less Measure G Reserves 600,000 BUDGET SURPLUS $ 55,620 GENERAL FUND AS OF 6/3/2025 Expense- GF Transfer to SRR $ 100,000 Expense- GF Exp for Finance Authority $ 1,000 Total Adjustments 101,000 AMENDED BUDGET DEFICIT $ to the General Fund as detailed below- -Transfers Out in Centralized Services is increasing by $100,000 to cover the anticipated deficit in SilverRock operations, driven by rising operational expenses and the continued impact of on -site construction -An increase of $1,000 is included to cover the required annual State Controller's Report for the Finance Authority, which is funded by the General Fund After adjustments, the updated budget deficit is $45,380. Adjustments to the General Fund noted in this report have been incorporated in the respective fund budget requests. Additional budget adjustments, including recommendations from the May 20 meeting, such as assistance to businesses pursuing Autism certification, a potential General Fund contribution for spay/neuter clinics, and updated salary and benefit amounts will be presented at the June 17 meeting. 2025/26 Second Budget Study Session Page 1 252 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 may be derived from various sources such as 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. A summary of revenues and expenditures by Special Fund is provided on the final page of this report. 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 increase by nearly $50,000 in 2025/26. We anticipate stable year -over -year growth in the coming years. While fuel consumption may decrease with the rise of alternative fuel vehicles, annual cost -of -living adjustments are expected to offset this impact and help sustain revenue levels. The General fund is anticipated to transfer $500,000 into the Gas Tax Fund to supplement operations, this amount will be updated upon completion of salary and benefit projections. Expenditure increases are primarily due to salaries and benefits, reflecting annual step increases and rising health costs, along with higher internal service charges. Capital expenses are reduced, as one- time machinery and equipment purchases occurred in FY 2024/25 and ongoing road improvement projects will carry over from that fiscal year. Transfers out for CIP projects total $1,006,705 for the Cove Area Slurry Seal Improvements Phase 2 project. The Lighting and Landscape District (LLD) Fund is partially funded with $998,000 from property tax assessments. To ensure continued citywide landscaping standards are upheld, the General Fund is projected to contribute $2,750,000 in 2025/26. Expenditure increases are driven by landscape contract costs due to enhanced service levels and rising prices for materials, supplies, labor, and utilities. These increases are partially offset by a reduction in tree maintenance costs, as funding for the ongoing project in FY 2024/25 will carry over into FY 2025/26. Housing Authority Funds will be presented to the Housing Authority in detail on June 3, 2025. A preliminary review of the proposed budget will be presented to the Housing Commission on June 11, 2025 and is scheduled for adoption on June 17, 2025. Finance Authority Fund includes ongoing expenses that are limited to the filing of an annual State Controller's Report anticipated to be about $1,000 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. 2025/26 Second Budget Study Session Page 2 253 Overall expenses are decreasing for the Library and Museum Fund compared to FY 2024/25 primarily due to CIP carryovers from FY 2023/24 to FY 2024/25 for the Village Art Promenade & Cultural Campus project of about $2.3 million. Increases are attributed to contract services, salaries and benefits, and operational expenses, driven by expanded services and rising costs. 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 decrease by $222,000 or 11 % from the prior year based on estimates from RCTC's Measure A Program Allocation projection report. Development Impact Fee (DIF) Funds are restricted to capital improvement program expenses. Funds with no expenses in 2025/26 either have no current project commitments or are saving revenues for future fiscal year capital projects. For 2025/26, 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 art at the SilverRock park, 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 17, 2025. 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, turf renovation project, 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 2025/26 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 1, 2025. The total CIP budget for FY 2025/26 is $25,193,033. Developer reimbursements totaling $400,000 for DIF eligible improvements are budgeted in DIF funds and $500,000 for median landscape improvements is expended out of the LLD fund. 2025/26 Second Budget Study Session Page 3 254 1 •- I . FUND # FUND NAME TOTAL REVENUES TOTAL EXPENSES SURPLUS/ (DEFICIT) 101 GENERAL FUND 89,842,254 90,487,634 (645,380) 105 DISASTER RECOVERY FUND 172,000 4,993,504 (4,821,504) 201 GAS TAX FUND 2,717,705 3,094,085 (376,380) 202 LIBRARY & MUSEUM FUND 4,420,000 3,143,420 1,276,580 203 PUBLIC SAFETY FUND 6,000 - 6,000 210 FEDERAL ASSISTANCE FUND (CDBG) 160,100 160,000 100 212 SLESF (COPS) 121,000 100,000 21,000 215 LIGHTING & LANDSCAPING FUND 3,808,000 3,808,000 - 220 QUIMBY FUND - - - 221 AB 939 - CALRECYCLE 91,000 205,000 (114,000) 223 MEASURE A FUND 1,900,000 1,124,132 775,868 225 INFRASTRUCTURE FUND 1,000 - 1,000 226 EMERGENCY MANAGEMENT PERFORMANCE FUND 10,000 10,000 - 227 STATE HOMELAND SECURITY PROGRAM 5,400 5,000 400 230 CASp FUND, AB 1379 24,000 5,500 18,500 235 SO COAST AIR QUALITY FUND 57,000 40,000 17,000 241 HOUSING AUTHORITY FUND 1,666,000 1,664,780 1,220 243 RDA LOW -MOD HOUSING FUND 130,000 325,000 (195,000) 247 ECONOMIC DEVELOPMENT FUND 109,000 31,500 77,500 249 SA 2011 LOW/MOD BOND 86,000 150,000 (64,000) 250 TRANSPORTATION DIF 579,000 979,109 (400,109) 251 PARKS & RECREATION DIF 203,000 - 203,000 252 CIVIC CENTER DIF 160,000 - 160,000 253* LIBRARY DEVELOPMENT DIF 30,500 15,000 15,500 254 COMMUNITY CENTER DIF 95,000 482,561 (387,561) 255 STREET FACILITY DIF 3,000 - 3,000 256 PARK FACILITY DIF 500 - 500 257 FIRE PROTECTION DIF 51,000 - 51,000 259 MAINTENANCE FACILITIES DIF FUND 47,000 362,526 (315,526) 270 ART IN PUBLIC PLACES FUND 181,000 233,000 (52,000) 275 LQ PUBLIC SAFETY OFFICER FUND 4,000 - 4,000 310 LQ FINANCE AUTHORITY FUND 1,000 1,000 - 401 CAPITAL IMPROVEMENT PROGRAMS 24,293,033 24,293,033 - 405 SA PA1 CAPITAL IMPROVEMENT BOND 500 - 500 501 FACILITY & FLEET REPLACEMENT FUND 1,726,300 1,745,500 (19,200) 502 INFORMATION TECHNOLOGY FUND 3,105,700 4,027,320 (921,620) 503 PARK EQUIP & FACILITY FUND 525,000 935,000 (410,000) 504 INSURANCE FUND 1,407,600 1,242,600 165,000 601 SILVERROCK RESORT FUND 5,470,000 5,517,000 (47,000) 602 SILVERROCK GOLF RESERVE FUND 113,000 - 113,000 760 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 53,727,338 1435569,592 58,737,920 149,225,554 (5,010,582) (5,655,962) GRAND TOTAL * This fund has an outstanding inter -agency loan due to the Successor Agency. 2025/26 Second Budget Study Session Page 4 255 ZOZ5/Z6 - Proposed Budget s«.�`� }� ` ��.. n - �� `7: ^ ✓ � � �n r�/ yam. i 44 _ � 1.L. .: .�+ , � � r.. ,s:� � _ _ n -T 'fi �� '- ?fi F I � psi -i•� Via. � ��'i�' .I ter. --car � -- _ .�. � ' � Y i�� ' •�� ' .�.T �r `` `c { �' � * � � � e' - � r-� 1 I • '� ' - is - _ .ems .. _4I .:i,ii�" � -ems►/ .- THIS PAGE INTENTIONALLY LEFT BLANK 257 CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change in Actuals Original Budaet Current Budget YTD Activity* Proposed Current 24/25 Budget 105 - DISASTER RECOVERY FUND 0000 - Undesignated 360 - Use of Money & Property 105-0000-41900 Allocated Interest 358,375 30,000 30,000 79,149 I 172,000 142,000 473% 105-0000-41910 GASB 31 Interest 133,154 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 491,528 30,000 30,000 79,149 172,000 142,000 473% 0000 - Undesignated Totals: 491,528 30,000 30,000 79,149 172,000 142,000 473% 105 - DISASTER RECOVERY FUND Totals: 491,528 30,000 30,000 79,149 172,000 142,000 473% 201 - GAS TAX FUND 0000 - Undesignated 330 - Intergovernmental 201-0000-42900 Section 2105, Gas Tax 230,398 240,000 240,000 164,089 248,000 8,000 3% 201-0000-42905 Section 2106, Gas Tax 150,618 154,000 154,000 108,814 160,000 6,000 4% 201-0000-42910 Section 2107, Gas Tax 311,864 327,000 327,000 213,125 338,000 11,000 3% 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 345,481 358,000 358,000 263,436 359,000 1,000 0% 201-0000-42922 SIB 1, Road Maint. Rehab 980,088 984,000 984,000 610,247 1 1,006,705 22,705 2% 330 - Intergovernmental Totals: 2,024,448 2,069,000 2,069,000 1,365,712 2,117,705 48,705 2% 360 - Use of Money & Property 201-0000-41900 Allocated Interest 110,180 20,000 20,000 18,717 I 100,000 80,000 400% 201-0000-41910 GASB 31 Interest 27,654 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 137,834 20,000 20,000 18,717 100,000 80,000 400% 390 - Other Financing Sources 201-0000-49500 Transfers In 1,250,000 500,000 500,000 500,000 500,000 0 0% 390 - Other Financing Sources Totals: 1,250,000 500,000 500,000 500,000 500,000 0 00/0 0000 - Undesignated Totals: 3,412,282 2,589,000 2,589,000 1,884,429 2,717,705 128,705 50/0 201 - GAS TAX FUND Totals: 3,412,282 2,589,000 2,589,000 1,884,429 2,717,705 128,705 50/0 202 - LIBRARY & MUSEUM FUND 0000 - Undesignated 330 - Intergovernmental 202-0000-41720 County Government Rev( 3,835,414 3,000,000 3,000,000 1,877,415 4,000,000 1,000,000 33% 330 - Intergovernmental Totals: 3,835,414 3,000,000 3,000,000 1,877,415 4,000,000 1,000,000 33% 340 - Charges for Services 202-0000-42218 MakerSpace Membership 3,634 3,000 3,000 4,731 5,000 2,000 67% 340 - Charges for Services Totals: 3,634 3,000 3,000 4,731 5,000 2,000 67% 258 CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change in Actuals Original Budget Current Budget YTD Activity* Proposed Current 24/25 Budget 360 - Use of Money & Property 202-0000-41900 Allocated Interest 411,126 140,000 140,000 103,385 I 415,000 275,000 196% 202-0000-41910 GASB 31 Interest 118,359 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 529,485 140,000 140,000 103,385 415,000 275,000 196% 0000 - Undesignated Totals: 4,368,533 3,143,000 3,143,000 1,985,530 4,420,000 1,277,000 41% 202 - LIBRARY & MUSEUM FUND Totals: 4,368,533 3,143,000 3,143,000 1,985,530 4,420,000 1,277,000 41% 203 - PUBLIC SAFETY FUND (MEASURE G) 0000 - Undesignated 360 - Use of Money & Property 203-0000-41900 Allocated Interest 6,843 5,000 5,000 1,450 I 6,000 1,000 20% 203-0000-41910 GASB 31 Interest 2,995 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 9,838 5,000 5,000 1,450 6,000 1,000 20% 0000 - Undesignated Totals: 9,838 5,000 5,000 1,450 6,000 1,000 20% UBLIC SAFETY FUND (MEASURE G) Totals: 9,838 5,000 5,000 1,450 6,000 1,000 20% 210 - FEDERAL ASSISTANCE FUND 0000 - Undesignated 330 - Intergovernmental 210-0000-43105 CDBG 371,978 190,000 190,000 0 I 160,000 (30,000) -16% 330 - Intergovernmental Totals: 371,978 190,000 190,000 0 160,000 (30,000) -16% 360 - Use of Money & Property 210-0000-41900 Allocated Interest 78 0 0 17 I 100 100 0% 210-0000-41910 GASB 31 Interest 29 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 107 0 0 17 100 100 00/0 0000 - Undesignated Totals: 372,085 190,000 190,000 17 160,100 (29,900) -16% 210 - FEDERAL ASSISTANCE FUND Totals: 372,085 190,000 190,000 17 160,100 (29,900) -16% 212 - SLESA (COPS) FUND 0000 - Undesignated 330 - Intergovernmental 212-0000-43115 SLESA (COPS) Grant 186,159 100,000 100,000 144,663 100,000 0 0% 330 - Intergovernmental Totals: 186,159 100,000 100,000 144,663 100,000 0 00/0 360 - Use of Money & Property 212-0000-41900 Allocated Interest 19,616 3,000 3,000 4,286 I 21,000 18,000 600% 212-0000-41910 GASB 31 Interest 4,978 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 24,594 3,000 3,000 4,286 21,000 18,000 600% 0000 - Undesignated Totals: 210,753 103,000 103,000 148,949 121,000 18,000 17% 212 - SLESA (COPS) FUND Totals: 210,753 103,000 2 103,000 148,949 121,000 18,000 259 17% CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change in 215 - LIGHTING & LANDSCAPING FUND 0000 - Undesignated 340 - Charges for Services 215-0000-42305 Miscellaneous Reimburse 0 0 0 31,441 0 0 0% 340 - Charges for Services Totals: 0 0 0 31,441 0 0 00/0 350 - Fines, Forfeitures & Abatements 215-0000-43210 LLD Assessments 988,238 997,000 997,000 543,080 998,000 1,000 0% ines, Forfeitures & Abatements Totals: 988,238 997,000 997,000 543,080 998,000 1,000 00/0 360 - Use of Money & Property 215-0000-41900 Allocated Interest 35,154 3,500 3,500 (596) I 60,000 56,500 1,614% 215-0000-41910 GASB 31 Interest 8,971 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 44,125 3,500 3,500 (596) 60,000 56,500 1,614% 390 - Other Financing Sources 215-0000-49500 Transfers In 2,000,000 3,000,000 3,000,000 2,500,000 2,750,000 (250,000) -8% 390 - Other Financing Sources Totals: 2,000,000 3,000,000 3,000,000 2,500,000 2,750,000 (250,000) -80/0 0000 - Undesignated Totals: 3,032,363 4,000,500 4,000,500 3,073,925 3,808,000 (192,500) -50/0 LIGHTING & LANDSCAPING FUND Totals: 3,032,363 4,000,500 4,000,500 3,073,925 3,808,000 (192,500) -50/0 221 - AB 939 - CALRECYCLE FUND 0000 - Undesignated 310 - Tax Revenues 221-0000-41506 Burrtec AB 939 Fee 71,595 70,000 70,000 40,851 70,000 0 0% 310 - Tax Revenues Totals: 71,595 70,000 70,000 40,851 70,000 0 00/0 330 - Intergovernmental 221-0000-43115 SIB 1383 Cal Recycle Gra 106,439 0 0 0 I 0 0 0% 221-0000-43120 Cal Recycle Grant 9,851 0 0 0 0 0 0% 330 - Intergovernmental Totals: 116,290 0 0 0 0 0 00/0 360 - Use of Money & Property 221-0000-41900 Allocated Interest 23,845 10,000 10,000 5,128 I 21,000 11,000 110% 221-0000-41910 GASB 31 Interest 10,867 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 34,712 10,000 10,000 5,128 21,000 11,000 1100/0 0000 - Undesignated Totals: 222,597 80,000 80,000 45,980 91,000 11,000 14% 221 - AB 939 - CALRECYCLE FUND Totals: 222,597 80,000 80,000 45,980 91,000 11,000 14% 223 - MEASURE A FUND 0000 - Undesignated 310 - Tax Revenues 223-0000-41320 County Sales Tax 1,959,770 1,995,000 1,995,000 1,103,101 1,773,000 (222,000) -11% 310 - Tax Revenues Totals: 1,959,770 1,995,000 3 1,995,000 1,103,101 1,773,000 (222,000) 260-11% CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change in 360 - Use of Money & Property 223-0000-41900 Allocated Interest 94,329 30,000 30,000 26,671 I 127,000 97,000 323% 223-0000-41910 GASB 31 Interest 61,185 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 155,514 30,000 30,000 26,671 127,000 97,000 323% 0000 - Undesignated Totals: 2,115,284 2,025,000 2,025,000 1,129,772 1,900,000 (125,000) -6% 223 - MEASURE A FUND Totals: 2,115,284 2,025,000 2,025,000 1,129,772 1,900,000 (125,000) -6% 225 - INFRASTRUCTURE FUND 0000 - Undesignated 360 - Use of Money & Property 225-0000-41900 Allocated Interest 225-0000-41910 GASB 31 Interest 360 - Use of Money & Property Totals: 694 1,000 258 0 1,000 153 I 1,000 0 0% 0 0 0 0 0% 952 1,000 1,000 153 1,000 0 00/0 0000 - Undesignated Totals: 952 153 0 0% 225 - INFRASTRUCTURE FUND Totals: 952 1,000 1,000 153 1,000 0 00/0 226 - EMERGENCY MANAGEMENT PERFOR 0000 - Undesignated 330 - Intergovernmental 226-0000-43120 EMP Grant 36,425 12,000 12,000 0 10,000 (2,000) -17% 330 - Intergovernmental Totals: 36,425 12,000 12,000 0 10,000 (2,000) -17% 360 - Use of Money & Property 226-0000-41900 Allocated Interest 0 1,000 1,000 0 0 (1,000) -100% 360 - Use of Money & Property Totals: 0 1,000 1,000 0 0 (1,000) -1000/0 0000 - Undesignated Totals: 36,425 13,000 13,000 0 10,000 (3,000) -23% :NT PERFORMANCE GRANT (EMPG) Totals: 36,425 13,000 13,000 0 10,000 MOW) -23% 227 - STATE HOMELAND SECURITY PROGI 0000 - Undesignated 330 - Intergovernmental 227-0000-43120 SHSP Grant 4,312 5,500 5,500 0 5,400 (100) -2% 330 - Intergovernmental Totals: 4,312 5,500 5,500 0 5,400 (100) -20/b 0000 - Undesignated Totals: 4,312 5,500 5,500 0 5,400 (100) -2% 4ND SECURITY PROGRAMS (SHSP) Totals: 4,312 5,500 5,500 0 5,400 (100) -2% 261 CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change in Actuals Original Budaet Current Budget YTD Activity* Proposed Current 24/25 Budget 230 - CASp FUND, AB 1379 0000 - Undesignated 360 - Use of Money & Property 230-0000-41900 Allocated Interest 3,446 1,000 1,000 816 I 4,000 3,000 300% 230-0000-41910 GASB 31 Interest 976 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 4,422 1,000 1,000 816 4,000 3,000 300% 380 - Transfers In 230-0000-42130 SIB 1186 Revenue 15,732 20,000 20,000 14,612 20,000 0 0% 380 - Transfers In Totals: 15,732 20,000 20,000 14,612 20,000 0 00/0 0000 - Undesignated Totals: 20,154 21,000 21,000 15,428 24,000 3,000 14% 230 - CASp FUND, AB 1379 Totals: 20,154 21,000 21,000 15,428 24,000 3,000 14% 235 - SO COAST AIR QUALITY FUND 0000 - Undesignated 330 - Intergovernmental 235-0000-43410 SCAQ Contribution 51,086 52,500 52,500 25,197 52,500 0 0% 330 - Intergovernmental Totals: 51,086 52,500 52,500 25,197 52,500 0 00/0 360 - Use of Money & Property 235-0000-41900 Allocated Interest 3,625 2,000 2,000 1,015 I 4,500 2,500 125% 235-0000-41910 GASB 31 Interest 522 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 4,147 2,000 2,000 1,015 4,500 2,500 125% 390 - Other Financing Sources 235-0000-49500 Transfers In 23,049 0 0 0 0 0 0% 390 - Other Financing Sources Totals: 23,049 0 0 0 0 0 00/0 0000 - Undesignated Totals: 78,283 54,500 54,500 26,211 57,000 2,500 50/0 35 - SO COAST AIR QUALITY FUND Totals; 78,283 54,500 54,500 26,211 57,000 2,500 50/0 241 - HOUSING AUTHORITY 9101 - Housing Authority - Admin 340 - Charges for Services 241-9101-42301 Miscellaneous Revenue 526 0 0 0 0 0 0% 340 - Charges for Services Totals: 526 0 0 0 0 0 00/0 360 - Use of Money & Property 241-9101-41900 Allocated Interest 416,365 200,000 200,000 90,244 365,000 165,000 83% 241-9101-41910 GASB 31 Interest 165,958 0 0 0 0 0 0% 241-9101-41915 Non -Allocated Interest 0 1,000 1,000 0 0 (1,000) -100% 241-9101-42706 Loan Repayments 80,124 0 0 0 0 0 0% 241-9101-43504 2nd Trust Deed Repayme 148,869 100,000 100,000 11,300 100,000 0 0% 241-9101-45000 Sale of Other Assets 118,416 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 929,732 301,000 301,000 101,544 465,000 164,000 54% 5 262 CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change in Actuals Original Budget Current Budget YTD Activity* Proposed Current 24/25 Budget 101 - Housing Authority - Admin Totals: 930,258 301,000 301,000 101,544 465,000 164,000 54% 9103 - Housing Authority - LQRP 360 - Use of Money & Property 241-9103-43501 Miscellaneous Revenue/L 200,000 0 0 0 0 0 0% 241-9103-43502 Rent Revenue/LQRP 351,454 350,000 350,000 247,95 350,000 0 0% 360 - Use of Money & Property Totals: 551,454 350,000 350,000 247,958 350,000 0 00/0 9103 - Housing Authority - LQRP Totals: 551,454 350,000 350,000 247,958 350,000 0 00/0 9104 - Dune Palms Mobile Estates 360 - Use of Money & Property 241-9104-42112 Rent Revenue/Tenant/Du 791,622 800,000 800,000 662,797 850,000 50,000 6% 241-9104-42302 Miscellaneous Revenue/C 0 1,000 1,000 0 1,000 0 00/0 360 - Use of Money & Property Totals: 791,622 801,000 801,000 662,797 851,000 50,000 6% 104 - Dune Palms Mobile Estates Totals: 791,622 801,000 801,000 662,797 851,000 50,000 6% 241 - HOUSING AUTHORITY Totals: 2,273,334 1,452,000 1,452,000 1,012,299 1,666,000 214,000 150/0 243 - RDA LOW -MOD HOUSING FUND 0000 - Undesignated 360 - Use of Money & Property 243-0000-41900 Allocated Interest 143,666 60,000 60,000 31,085 130,000 70,000 117% 243-0000-41910 GASB 31 Interest 45,354 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 189,020 60,000 60,000 31,085 130,000 70,000 117% 370 - Miscellaneous 243-0000-48500 Extraordinary Gain 68,161 0 0 0 0 0 0% 370 - Miscellaneous Totals: 68,161 0 0 0 0 0 00/0 0000 - Undesignated Totals: 257,181 60,000 60,000 31,085 130,000 70,000 117% 3 - RDA LOW -MOD HOUSING FUND Totals: 257,181 60,000 60,000 31,085 130,000 70,000 117% 247 - ECONOMIC DEVELOPMENT FUND 0000 - Undesignated 350 - Fines, Forfeitures & Abatements 247-0000-42706 Loan Repayments 61,413 0 0 7,410 0 0 0% ines, Forfeitures & Abatements Totals: 61,413 0 0 7,410 0 0 0% 360 - Use of Money & Property 247-0000-41900 Allocated Interest 119,808 40,000 40,000 26,524 109,000 69,000 173% 247-0000-41910 GASB 31 Interest 43,578 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 163,386 40,000 40,000 26,524 109,000 69,000 173% 0000 - Undesignated Totals: 224,800 40,000 40,000 33,935 109,000 69,000 173% - ECONOMIC DEVELOPMENT FUND Totals: 224,800 40,000 6 40,000 33,935 109,000 69,000 2631.73% CITY OF LA QUINTA 2023/24 SPECIAL FUND REVENUE DETAIL 2024/25 2024/25 2024/25 2025/26 FY 2025/26 PROPOSED BUDGET 25/26 vs. % Change in 249 - SA 2011 LOW/MOD BOND FUND (Re 0000 - Undesignated 340 - Charges for Services 249-0000-42301 Miscellaneous Revenue 0 0 0 4,483 0 0 0% 340 - Charges for Services Totals: 0 0 0 4,483 0 0 00/0 360 - Use of Money & Property 249-0000-41900 Allocated Interest 4,616 3,000 3,000 0 0 (3,000) -100% 249-0000-41910 GASB 31 Interest 23,261 0 0 0 0 0 0% 249-0000-41915 Non -Allocated Interest 86,083 15,000 15,000 75,125 86,000 71,000 473% 360 - Use of Money & Property Totals: 113,960 18,000 18,000 75,125 86,000 68,000 378% 390 - Other Financing Sources 249-0000-49500 Transfers In 1,387,009 0 0 0 0 0 0% 390 - Other Financing Sources Totals: 1,387,009 0 0 0 0 0 00/0 0000 - Undesignated Totals: 1,500,969 18,000 18,000 79,607 86,000 68,000 378% BOND FUND (Refinanced in 2016) Totals: 1,500,969 18,000 18,000 79,607 86,000 68,000 378% 250 - TRANSPORTATION DIF FUND 0000 - Undesignated 360 - Use of Money & Property 250-0000-41900 Allocated Interest 193,646 40,000 40,000 41,891 179,000 139,000 348% 250-0000-41910 GASB 31 Interest 72,934 0 0 0 0 0 0% 250-0000-43200 Developer Fees 495,552 500,000 500,000 393,072 400,000 (100,000) -20% 360 - Use of Money & Property Totals: 762,133 540,000 540,000 434,963 579,000 39,000 7% 0000 - Undesignated Totals: 762,133 540,000 540,000 434,963 579,000 39,000 7% 150 - TRANSPORTATION DIF FUND Totals: 762,133 540,000 540,000 434,963 579,000 39,000 7% 251 - PARKS & REC DIF FUND 0000 - Undesignated 360 - Use of Money & Property 251-0000-41900 Allocated Interest 251-0000-41910 GASB 31 Interest 251-0000-43200 Developer Fees 360 - Use of Money & Property Totals: 59,760 3,000 3,000 12,396 53,000 50,000 1,667% 21,801 0 0 0 0 0 0% 257,597 250,000 250,000 105,300 150,000 (100,000) -40% 339,158 253,000 253,000 117,696 203,000 (50,000) -20% 0000 - Undesignated Totals: 339,158 253,000 253,000 117,696 203,000 (50,000) -20% 251 - PARKS & REC DIF FUND Totals: 339,158 253,000 253,000 117,696 203,000 (50,000) -20% 264 CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change in Actuals Oriqinal Budqet Current Budqet YTD Activitv* Proposed Current 24/25 Budqet 252 - CIVIC CENTER DIF FUND 0000 - Undesignated 360 - Use of Money & Property 252-0000-41900 Allocated Interest 62,382 3,000 3,000 14,333 60,000 57,000 1,900% 252-0000-41910 GASB 31 Interest 20,833 0 0 0 0 0 00/0 252-0000-43200 Developer Fees 114,700 100,000 100,000 74,114 100,000 0 0% 360 - Use of Money & Property Totals: 197,916 103,000 103,000 88,447 160,000 57,000 550/0 0000 - Undesignated Totals: 197,916 103,000 103,000 88,447 160,000 57,000 550/0 252 - CIVIC CENTER DIF FUND Totals: 197,916 103,000 103,000 88,447 160,000 57,000 550/0 253 - LIBRARY DEVELOPMENT DIF 0000 - Undesignated 360 - Use of Money & Property 253-0000-41900 Allocated Interest 0 0 0 0 500 500 0% 253-0000-43200 Developer Fees 32,495 50,000 50,000 19,850 30,000 (20,000) -40% 360 - Use of Money & Property Totals: 32,495 50,000 50,000 19,850 30,500 (19,500) -39% 0000 - Undesignated Totals: 32,495 50,000 50,000 19,850 30,500 (19,500) -39% 253 - LIBRARY DEVELOPMENT DIF Totals: 32,495 50,000 50,000 19,850 30,500 (19,500) -39% 254 - COMMUNITY & CULTURAL CENTERS 0000 - Undesignated 360 - Use of Money & Property 254-0000-41900 Allocated Interest 36,888 5,000 5,000 8,524 35,000 30,000 600% 254-0000-41910 GASB 31 Interest 12,103 0 0 0 0 0 0% 254-0000-43200 Developer Fees 78,250 100,000 100,000 47,800 60,000 (40,000) -40% 360 - Use of Money & Property Totals: 127,241 105,000 105,000 56,324 95,000 (10,000) -100/0 0000 - Undesignated Totals: 127,241 105,000 105,000 56,324 95,000 (10,000) -100/0 1UNITY & CULTURAL CENTERS DIF Totals: 127,241 105,000 105,000 56,324 95,000 (10,000) -100/0 255 - STREET FACILITY DIF FUND 0000 - Undesignated 360 - Use of Money & Property 255-0000-41900 Allocated Interest 2,895 1,000 1,000 639 3,000 2,000 200% 255-0000-41910 GASB 31 Interest 1,075 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 3,970 1,000 1,000 639 3,000 2,000 200% 0000 - Undesignated Totals: 3,970 1,000 1,000 639 3,000 2,000 200% 255 - STREET FACILITY DIF FUND Totals: 3,970 1,000 1,000 639 3,000 2,000 200% 265 CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change in Actuals Original Budaet Current Budget YTD Activity* Proposed Current 24/25 Budget 256 - PARK FACILITY DIF FUND 0000 - Undesignated 360 - Use of Money & Property 256-0000-41900 Allocated Interest 273 100 100 60 I 500 400 400% 256-0000-41910 GASB 31 Interest 101 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 374 100 100 60 500 400 400% 0000 - Undesignated Totals: 374 100 100 60 500 400 400% 256 - PARK FACILITY DIF FUND Totals: 374 100 100 60 500 400 400% 257 - FIRE PROTECTION DIF 0000 - Undesignated 360 - Use of Money & Property 257-0000-41900 Allocated Interest 21,453 3,000 3,000 4,904 21,000 18,000 600% 257-0000-41910 GASB 31 Interest 7,270 0 0 0 0 0 0% 257-0000-43200 Developer Fees 34,257 50,000 50,000 22,099 30,000 (20,000) -40% 360 - Use of Money & Property Totals: 62,980 53,000 53,000 27,003 51,000 (2,000) -4% 0000 - Undesignated Totals: 62,980 53,000 53,000 27,003 51,000 (2,000) -4% 257 - FIRE PROTECTION DIF Totals: 62,980 53,000 53,000 27,003 51,000 (2,000) -4% 259 - MAINTENANCE FACILITIES DIF FUN 0000 - Undesignated 360 - Use of Money & Property 259-0000-41900 Allocated Interest 11,908 2,000 2,000 2,810 12,000 10,000 500% 259-0000-41910 GASB 31 Interest 3,712 0 0 0 0 0 0% 259-0000-43200 Developer Fees 35,224 45,000 45,000 26,705 35,000 (10,000) -22% 360 - Use of Money & Property Totals: 50,843 47,000 47,000 29,514 47,000 0 00/0 0000 - Undesignated Totals: 50,843 47,000 47,000 29,514 47,000 0 00/0 NTENANCE FACILITIES DIF FUND Totals: 50,843 47,000 47,000 29,514 47,000 0 00/0 270 - ART IN PUBLIC PLACES FUND 0000 - Undesignated 360 - Use of Money & Property 270-0000-41900 Allocated Interest 32,504 8,000 8,000 7,297 31,000 23,000 288% 270-0000-41910 GASB 31 Interest 10,868 0 0 0 0 0 0% 270-0000-43201 APP Fees 131,312 100,000 100,000 73,953 100,000 0 0% 360 - Use of Money & Property Totals: 174,684 108,000 108,000 81,250 131,000 23,000 21% 390 - Other Financing Sources 270-0000-49500 Transfers In 50,000 50,000 50,000 50,000 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: 224,684 158,000 158,000 131,250 181,000 23,000 150/0 9 266 CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change in Actuals Original Budaet Current Budget YTD Activity* Proposed Current 24/25 Budget 70 - ART IN PUBLIC PLACES FUND Totals: 224,684 158,000 158,000 131,250 181,000 23,000 15% 275 - LQ PUBLIC SAFETY OFFICER 0000 - Undesignated 360 - Use of Money & Property 275-0000-41900 Allocated Interest 275-0000-41910 GASB 31 Interest 360 - Use of Money & Property Totals: 1,975 1,000 685 0 1,000 439 I 2,000 1,000 100% 0 0 0 0 0% 2,660 1,000 1,000 439 2,000 1,000 1000/0 390 - Other Financing Sources 275-0000-49500 Transfers In 2,000 2,000 2,000 2,000 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: 4,660 3,000 3,000 2,439 4,000 1,000 33% 275 - LQ PUBLIC SAFETY OFFICER Totals: 4,660 3,000 3,000 2,439 4,000 1,000 33% 310 - LQ FINANCE AUTHORITY DEBT SER\ 0000 - Undesignated 360 - Use of Money & Property 310-0000-41900 Allocated Interest 0 0 0 (1) I 0 0 0% 310-0000-42111 Rental Income 907 1,500 1,500 0 1,000 (500) -33% 360 - Use of Money & Property Totals: 907 1,500 1,500 (1) 1,000 (500) -33% 0000 - Undesignated Totals: 907 1,500 1,500 (1) 1,000 (500) -33% NANCE AUTHORITY DEBT SERVICE Totals: 907 1,500 1,500 (1) 1,000 (500) -33% 401 - CAPITAL IMPROVEMENT PROGRAMS 0000 - Undesignated 330 - Intergovernmental 401-0000-41716 Highway Bridge Program 9,580,532 0 19,210,554 5,542,732 0 (19,210,554) -100% 401-0000-41719 Federal Earmark Funding 0 4,000,000 4,000,000 0 0 (4,000,000) -100% 401-0000-41721 CVAG 4,161,114 0 3,557,469 0 0 (3,557,469) -100% 401-0000-43634 CV Water District 336,908 0 156,209 140,046 0 (156,209) -100% 401-0000-43650 Contributions from Other 100,044 0 0 0 0 0 0% 330 - Intergovernmental Totals: 14,178,598 4,000,000 26,924,232 5,682,779 0 (26,924,232) -1000/0 360 - Use of Money & Property 401-0000-43133 Developer Agreement Fu 0 0 905,877 0 0 (905,877) -100% 360 - Use of Money & Property Totals: 0 0 905,877 0 0 (905,877) -1000/0 390 - Other Financing Sources 401-0000-49500 Transfers In 14,366,066 23,218,109 54,872,934 1,186,365 24,293,033 (30,579,901) -56% 390 - Other Financing Sources Totals: 14,366,066 23,218,109 54,872,934 1,186,365 24,293,033 (30,579,901) -56% 0000 - Undesignated Totals: 28,544,664 27,218,109 82,703,042 6,869,144 24,293,033 (58,410,009) -71% kPITAL IMPROVEMENT PROGRAMS Totals: 28,544,664 27,218,109 182,703,042 6,869,144 24,293,033 (58,410,009) 267-71% CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change in 405 - SA PA 1 CAPITAL IMPRV FUND 0000 - Undesignated 360 - Use of Money & Property 405-0000-41900 Allocated Interest 218 500 500 48 I 500 0 0% 405-0000-41910 GASB 31 Interest 81 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 299 500 500 48 500 0 00/0 0000 - Undesignated Totals: 299 500 500 48 500 0 00/0 15 - SA PA 1 CAPITAL IMPRV FUND Totals: 299 500 500 48 500 0 00/0 501 - FACILITY & FLEET REPLACEMENT 0000 - Undesignated 360 - Use of Money & Property 501-0000-41900 Allocated Interest 176,439 40,000 40,000 41,041 155,000 115,000 288% 501-0000-41910 GASB 31 Interest 44,111 0 0 0 0 0 0% 501-0000-42000 Insurance Recoveries 4,272 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 224,821 40,000 40,000 41,041 155,000 115,000 288% 390 - Other Financing Sources 501-0000-42207 Capital Contributions 65,485 0 0 0 0 0 0% 501-0000-43636 FMP Equipment Charges 1,495,000 1,664,000 1,664,000 1,121,250 1,570,300 (93,700) -6% 501-0000-45000 Gain/Loss on Asset Dispc (16,504) 1,000 1,000 0 1,000 0 0% 390 - Other Financing Sources Totals: 1,543,981 1,665,000 1,665,000 1,121,250 1,571,300 (93,700) -6% 0000 - Undesignated Totals: 1,768,802 1,705,000 1,705,000 1,162,291 1,726,300 21,300 10/0 FACILITY & FLEET REPLACEMENT Totals: 1,768,802 1,705,000 1,705,000 1,162,291 1,726,300 21,300 10/0 502 - INFORMATION TECHNOLOGY 0000 - Undesignated 340 - Charges for Services 502-0000-43611 Technology Enhancemeni 35,333 30,000 30,000 88,475 30,000 0 0% 340 - Charges for Services Totals: 35,333 30,000 30,000 88,475 30,000 0 00/0 360 - Use of Money & Property 502-0000-41900 Allocated Interest 129,105 20,000 20,000 27,266 I 12,500 (7,500) -38% 502-0000-41910 GASB 31 Interest 29,572 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 158,677 20,000 20,000 27,266 12,500 (7,500) -38% 390 - Other Financing Sources 502-0000-43610 Technology Support Char 3,051,000 2,226,708 2,226,708 2,288,250 3,063,200 836,492 38% 390 - Other Financing Sources Totals: 3,051,000 2,226,708 2,226,708 2,288,250 3,063,200 836,492 38% 0000 - Undesignated Totals: 3,245,010 2,276,708 2,276,708 2,403,990 3,105,700 828,992 36% W2 - INFORMATION TECHNOLOGY Totals: 3,245,010 2,276,708 2,276,708 2,403,990 3,105,700 828,992 36% 11 268 CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change in Actuals Original Budaet Current Budget YTD Activity* Proposed Current 24/25 Budget 503 - PARK EQUIP & FACILITY FUND 0000 - Undesignated 360 - Use of Money & Property 503-0000-41900 Allocated Interest 125,591 50,000 50,000 17,271 I 50,000 0 0% 503-0000-41910 GASB 31 Interest 52,024 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 177,615 50,000 50,000 17,271 50,000 0 00/0 390 - Other Financing Sources 503-0000-43620 Park Facility Charges 1,000,000 450,000 450,000 750,000 475,000 25,000 6% 390 - Other Financing Sources Totals: 1,000,000 450,000 450,000 750,000 475,000 25,000 6% 0000 - Undesignated Totals: 1,177,615 500,000 500,000 767,271 525,000 25,000 50/0 3 - PARK EQUIP & FACILITY FUND Totals; 1,177,615 500,000 500,000 767,271 525,000 25,000 50/0 504-INSURANCE FUND 0000 - Undesignated 360 - Use of Money & Property 504-0000-41900 Allocated Interest 17,313 2,000 2,000 678 I 17,000 15,000 750% 504-0000-41910 GASB 31 Interest 4,996 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 22,309 2,000 2,000 678 17,000 15,000 750% 390 - Other Financing Sources 504-0000-43637 Insurance Charges 1,361,230 1,361,230 1,361,230 1,022,348 1,390,600 29,370 2% 390 - Other Financing Sources Totals: 1,361,230 1,361,230 1,361,230 1,022,348 1,390r600 29,370 2% 0000 - Undesignated Totals: 1,383,539 1,363,230 1,363,230 1,023,025 1,407,600 44,370 3% 504 - INSURANCE FUND Totals: 1,383,539 1,363,230 1,363,230 1,023,025 1,407,600 44,370 3% 601 - SILVERROCK RESORT 0000 - Undesignated 340 - Charges for Services 601-0000-44000 Green Fees 4,431,243 4,407,000 4,407,000 3,188,196 4,328,000 (79,000) -2% 601-0000-44001 Range Fees 152,112 180,000 180,000 109,559 176,000 (4,000) -2% 601-0000-44002 Merchandise 230,265 247,500 247,500 143,860 216,000 (31,500) -13% 601-0000-44004 Resident Card 151,505 150,000 150,000 119,165 150,000 0 0% 340 - Charges for Services Totals: 4,965,125 4,984,500 4,984,500 3,560,781 4,870,000 (114,500) -2% 390 - Other Financing Sources 601-0000-49500 Transfers In 1,466,000 500,000 500,000 500,000 600,000 100,000 20% 390 - Other Financing Sources Totals: 1,466,000 500,000 500,000 500,000 600,000 100,000 20% 0000 - Undesignated Totals: 6,431,125 5,484,500 5,484,500 4,060,781 5,470,000 (14,500) 00/0 601 - SILVERROCK RESORT Totals: 6,431,125 5,484,500 5,484,500 4,060,781 5,470,000 (14500) 00/0 12 269 CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change in Actuals Oriqinal Budqet Current Budqet YTD Activitv* Proposed Current 24/25 Budqet 602 - SILVERROCK GOLF RESERVE 0000 - Undesignated 360 - Use of Money & Property 602-0000-41900 Allocated Interest 24,960 10,000 10,000 5,616 26,000 16,000 160% 602-0000-41910 GASB 31 Interest 7,291 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 32,251 10,000 10,000 5,616 26,000 16,000 160% 390 - Other Financing Sources 602-0000-49500 Transfers In 82,000 88,000 88,000 88,000 87,000 (1,000) -1% 390 - Other Financing Sources Totals: 82,000 88,000 88,000 88,000 87,000 (1,000) -10/0 0000 - Undesignated Totals: 114,251 98,000 98,000 93,616 113,000 15,000 150/0 602 - SILVERROCK GOLF RESERVE Totals: 114,251 98,000 98,000 93,616 113,000 15,000 150/0 760 - SUPPLEMENTAL PENSION PLAN 0000 - Undesignated 360 - Use of Money & Property 760-0000-41900 Allocated Interest 2,509 2,000 2,000 452 2,000 0 0% 760-0000-41910 GASB 31 Interest 1,155 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 3,664 2,000 2,000 452 2,000 0 00/0 390 - Other Financing Sources 760-0000-49500 Transfers In 5,000 5,000 5,000 5,000 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: 8,664 7,000 7,000 5,452 7,000 0 00/0 - SUPPLEMENTAL PENSION PLAN Totals: 8,664 7,000 7,000 5,452 7,000 0 00/0 761 - CERBT OPEB TRUST 0000 - Undesignated 360 - Use of Money & Property 761-0000-41915 Non -Allocated Interest 152,894 40,000 40,000 100,200 40,000 0 0% 360 - Use of Money & Property Totals: 152,894 40,000 40,000 100,200 40,000 0 00/0 0000 - Undesignated Totals: 152,894 40,000 40,000 100,200 40,000 0 00/0 761 - CERBT OPEB TRUST Totals: 152,894 40,000 40,000 100,200 40,000 0 00/0 13 270 CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change in Actuals Oriqinal Budqet Current Budqet YTD Activitv* Proposed Current 24/25 Budqet 762 - PARS PENSION TRUST 0000 - Undesignated 360 - Use of Money & Property 762-0000-41915 Non -Allocated Interest 380,521 200,000 200,000 293,627 200,000 0 0% 360 - Use of Money & Property Totals: 380,521 200,000 200,000 293,627 200,000 0 00/0 0000 - Undesignated Totals: 380,521 200,000 200,000 293,627 200,000 0 00/0 762 - PARS PENSION TRUST Totals: 380,521 200,000 200,000 293,627 200,000 0 00/0 14 271 CITY OF LA QUINTA SPECIAL FUND REVENUE NOTES FY 2025/26 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. The City elected to use the funding for police services in FY 2024/25 and 2025/26. 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 2%. 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 2025/26. 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. 15 272 CITY OF LA QUINTA SPECIAL FUND REVENUE NOTES FY 2025/26 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. 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 further assist 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 further assist 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. 16 273 CITY OF LA QUINTA SPECIAL FUND REVENUE NOTES FY 2025/26 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 2025/26 former Redevelopment Agency loan repayment is $3,575,934; as required under Redevelopment dissolution 20% or $715,187 will be recognized in reserves within this Housing Fund. 247 Economic Development Fund revenues can be used for future economic development; fiscal year 2025/26 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. 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. 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. 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. 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. 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 17 274 CITY OF LA QUINTA SPECIAL FUND REVENUE NOTES FY 2025/26 PROPOSED BUDGET 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. 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 2025/26 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 $600,000 is derived from the General Fund as a contribution for anticipated operational expenses. 602 SilverRock Golf Reserve Fund transfers in budget of $87,000 is derived from the SilverRock Resort Fund as a 2% annual contribution to the capital reserve as contained the agreement. 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. 18 275 CITY OF LA QUINTA SPECIAL FUND REVENUE NOTES FY 2025/26 PROPOSED BUDGET 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. 19 276 CITY OF LA QUINTA LIBRARY & MUSEUM FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. 0/b Change Actuals Original Budget Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 202 - LIBRARY & MUSEUM FUND 3004 - Library 50 - Salaries and Benefits 202-3004-50101 Permanent Full Time 63,988 49,900 49,900 48,784 54,200 4,300 9% 202-3004-50200 PERS - City Portion 6,650 5,800 5,800 5,474 6,400 600 10% 202-3004-50215 Other - Fringe Benefits 784 520 520 454 520 0 0% 202-3004-50221 Medical Insurance 11,129 11,000 11,000 5,803 11,000 0 0% 202-3004-50222 Vision Insurance 97 0 0 34 0 0 0% 202-3004-50223 Dental Insurance 544 0 0 195 0 0 0% 202-3004-50224 Life Insurance 40 0 0 24 0 0 0% 202-3004-50225 Long Term Disability 388 400 400 318 400 0 0% 202-3004-50230 Workers Comp Insurance 2,000 2,000 2,000 1,500 2,300 300 15% 202-3004-50240 Social Security Medicare 928 800 800 707 800 0 0% 50 - Salaries and Benefits Totals: 86,548 70,420 70,420 63,294 75,620 5,200 7% 60 - Contract Services 202-3004-60112 Landscape Contract 202-3004-60114 County of Riverside - Libi 202-3004-60115 Janitorial 202-3004-60116 Pest Control 202-3004-60123 Security & Alarm 202-3004-61400 Cable/Internet - Utilities 60 - Contract Services Totals: 11,160 33,600 33,600 27,678 35,800 2,200 7% 1,043,321 1,286,800 1,286,800 667,311 1,683,600 396,800 31% 39,172 60,000 60,000 29,379 65,000 5,000 8% 844 1,000 1,000 923 1,000 0 0% 2,087 4,000 4,000 1,298 4,000 0 0% 2,912 0 0 4,901 1,500 1,500 0% 1,099,496 1,385,400 1,385,400 731,489 1,790,900 405,500 29% 62 - Maintenance & Operations 202-3004-60420 Operating Supplies 991 100,000 100,000 1,280 100,000 0 0% 202-3004-60424 Materials- New Exhibits 0 15,000 15,000 0 15,000 0 0% 202-3004-60431 Materials/Supplies 0 5,000 5,000 133 5,000 0 0% 202-3004-60664 Fire Extinguisher Service 172 500 500 0 500 0 0% 202-3004-60665 Maint-Other Equipment 0 1,000 1,000 0 1,000 0 0% 202-3004-60667 HVAC 14,122 95,000 95,000 7,118 95,000 0 0% 202-3004-60691 Maintenance/Services 55,778 165,000 165,000 30,422 165,000 0 0% 62 - Maintenance & Operations Totals: 71,063 381,500 381,500 38,953 381,500 0 00/0 66 - Utilities 202-3004-61100 Gas - Utilities 860 3,000 3,000 3,875 3,000 0 0% 202-3004-61101 Electricity - Utilities 61,201 60,000 60,000 48,672 60,000 0 0% 202-3004-61200 Water - Utilities 0 500 500 0 500 0 0% 66 - Utilities Totals: 62,061 63,500 63,500 52,546 63,500 0 00/0 68 - Capital Expenses 202-3004-71020 Furniture 0 10,000 10,000 1,555 10,000 0 0% 202-3004-72110 Building Improvements 0 0 150,000 119,320 150,000 0 0% 68 - Capital Expenses Totals: 0 10,000 160,000 120,875 160,000 0 00/0 20 277 CITY OF LA QUINTA 2023/24 Actuals LIBRARY & MUSEUM FUND EXPENSE DETAIL 2024/25 2024/25 Original Budget Current Budget 2024/25 YTD Activity* FY 2025/26 PROPOSED BUDGET 2025/26 25/26 vs. 0/b Change Prouosed Budget Current 24/25 in Budaet 69 - Internal Service Charges 202-3004-91842 Liability Insurance & Claii 13,500 13,500 13,500 10,125 13,900 400 3% 202-3004-91843 Property & Crime Insurar 5,600 5,600 5,600 4,200 5,900 300 5% 202-3004-91844 Earthquake Insurance 11,700 11,700 11,700 8,775 12,100 400 3% 202-3004-98110 Information Tech Charge 11,600 11,600 11,600 8,700 11,900 300 3% 69 - Internal Service Charges Totals: 42,400 42,400 42,400 31,800 43,800 1,400 3% 3004 - Library Totals: 1,361,568 1,953,220 2,103,220 1,038,957 2,515,320 412,100 20% 3006 - Museum 60 - Contract Services 202-3006-60105 Museum Operations 220,268 221,450 221,450 8,103 228,100 6,650 3% 202-3006-60112 Landscape Contract 2,328 24,000 24,000 17,300 25,500 1,500 6% 202-3006-60115 Janitorial 11,874 15,000 15,000 9,402 15,750 750 5% 202-3006-60116 Pest Control 843 800 800 1,851 4,000 3,200 400% 202-3006-60123 Security & Alarm 2,238 2,500 2,500 2,519 4,000 1,500 60% 60 - Contract Services Totals: 237,552 263,750 263,750 39,174 277,350 13,600 50/0 62 - Maintenance & Operations 202-3006-60122 Credit Card Fees 0 1,000 1,000 0 0 (1,000) -100% 202-3006-60420 Operating Supplies 210 5,000 5,000 296 5,000 0 0% 202-3006-60431 Materials/Supplies 633 15,000 15,000 1,657 15,000 0 0% 202-3006-60664 Fire Extinguisher Service 150 500 500 0 500 0 0% 202-3006-60667 HVAC 13,354 20,000 20,000 13,479 20,000 0 0% 202-3006-60691 Maintenance/Services 13,155 20,000 20,000 4,693 20,000 0 0% 62 - Maintenance & Operations Totals: 27,502 61,500 61,500 20,125 60,500 (1,000) -2% 66 - Utilities 202-3006-61101 Electricity - Utilities 18,245 17,000 17,000 13,727 17,000 0 0% 202-3006-61200 Water - Utilities 4,174 3,500 3,500 3,605 3,500 0 0% 202-3006-61300 Telephone - Utilities 1,581 1,700 1,700 1,769 1,700 0 0% 66 - Utilities Totals: 24,000 22,200 22,200 19,101 22,200 0 00/0 69 - Internal Service Charges 202-3006-91842 Liability Insurance & Claii 23,350 23,350 23,350 17,512 24,500 1,150 5% 202-3006-91843 Property & Crime Insurar 9,000 9,000 9,000 6,750 9,400 400 4% 202-3006-91844 Earthquake Insurance 15,000 15,000 15,000 11,250 15,450 450 3% 202-3006-98110 Information Tech Charge 10,000 10,000 10,000 7,500 10,500 500 5% 69 - Internal Service Charges Totals: 57,350 57,350 57,350 43,012 59,850 2,500 4% 99 - Transfers Out 202-3006-99900 Transfers Out 389,578 0 2,304,745 14,782 0 (2,304,745) -100% 99 - Transfers Out Totals: 389,578 0 2,304,745 14,782 0 (2,304,745) -1000/0 3006 - Museum Totals: 735,982 404,800 2,709,545 136,195 419,900 (2,289,645) -850/0 3009 - MakerSpace Operations 60 - Contract Services 202-3009-60105 Makerspace Operations 155,460 180,595 21 180,595 0 I 191,200 10,6Q98 6% CITY OF LA QUINTA LIBRARY & MUSEUM FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. 0/b Change Actuals Original Budget Current Budget YTD Activity* Pro osed Budget Current 24 25 in Budaet 202-3009-60122 Credit Card Fees 0 1,000 1,000 0 1,000 0 0% 60 - Contract Services Totals: 155.460 181.595 181.595 0 192.200 10.605 6% 62 - Maintenance & Operations 202-3009-60420 Operating Supplies 98 10,000 10,000 0 I 10,000 0 0% 202-3009-60424 Materials - New Exhibits 0 1,000 1,000 0 0 (1,000) -100% 62 - Maintenance & Operations Totals: 98 11,000 11,000 0 10,000 (1,000) -90/0 65 - Repair & Maintenance 202-3009-60691 Maintenance/Services 1,380 5,000 5,000 2,988 6,000 1,000 20% 65 - Repair & Maintenance Totals: 1,380 5,000 5,000 2,988 6,000 1,000 20% 68 - Capital Expenses 202-3009-80100 Machinery & Equipment 1,770 0 0 0 0 0 0% 68 - Capital Expenses Totals: 1,770 0 0 0 0 0 00/0 3009 - MakerSpace Operations Totals: 158,707 197,595 197,595 2,988 208,200 10,605 50/0 202 - LIBRARY & MUSEUM FUND Totals: 2,256,256 2,555,615 5,010,360 1,178,140 3,143,420 (1,866,940) -37% 22 279 CITY OF LA QUINTA LIBRARY & MUSEUM FUND EXPENSE NOTES FY 2025/26 PROPOSED BUDGET Fund: 202 - LIBRARY & MUSEUM FUND 202-3004-50101 Permanent Full Time 54,200.00 20% - Community Services Deputy Director (40% Community Services Admin, 40% Wellness Center) 20% - Sr. Management Analyst (80% Community Services Admin) 202-3004-60112 Landscape Contract 35,800.00 For Library facility 202-3004-60114 County of Riverside - Library 1,683,600.00 Library services and programs are contracted with the County of Riverside through June 30, 2029 202-3004-72110 Building Improvements 150,000.00 Roof maintenance and repairs 202-3006-60112 Landscape Contract 25,500.00 For Museum facility 23 280 CITY OF LA QUINTA GAS TAX FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 201 - GAS TAX FUND 7003 - Streets- Traffic 50 - Salaries and Benefits 201-7003-50101 Permanent Full Time 337,200 528,500 528,500 297,048 536,300 7,800 1% 201-7003-50105 Salaries - Overtime 1,794 2,500 2,500 14,875 2,500 0 0% 201-7003-50106 Standby 10,977 10,000 10,000 8,948 10,000 0 0% 201-7003-50107 Standby Overtime 20,556 20,000 20,000 12,786 20,000 0 0% 201-7003-50150 Other Compensation 703 0 0 417 480 480 0% 201-7003-50200 PERS-City Portion 32,889 51,500 51,500 32,467 53,800 2,300 4% 201-7003-50215 Other Fringe Benefits 4,190 10,400 10,400 4,433 10,400 0 0% 201-7003-50221 Medical Insurance 127,878 190,500 190,500 100,234 221,200 30,700 16% 201-7003-50222 Vision Insurance 1,509 0 0 1,210 0 0 0% 201-7003-50223 Dental Insurance 7,782 0 0 5,857 0 0 0% 201-7003-50224 Life Insurance 318 0 0 271 0 0 0% 201-7003-50225 Long Term Disability 1,806 3,500 3,500 2,203 3,400 (100) -3% 201-7003-50230 Workers Comp Insurance 38,100 40,000 40,000 30,000 40,300 300 1% 201-7003-50240 Social Security -Medicare 6,361 7,500 7,500 5,529 8,600 1,100 15% 201-7003-50241 Social Security- FICA 1,186 0 0 0 0 0 0% 201-7003-50251 Temporary 63,689 0 0 44,091 50,600 50,600 0% 50 - Salaries and Benefits Totals: 656,937 864,400 864,400 560,369 957,580 93,180 110/0 60 - Contract Services 201-7003-60103 Professional Services 3,300 3,300 3,300 10,020 I 3,300 0 0% 201-7003-60141 Street Striping 0 20,000 20,000 3,200 20,000 0 0% 60 - Contract Services Totals: 3,300 23,300 23,300 13,220 23,300 0 00/0 62 - Maintenance & Operations 201-7003-60320 Travel & Training 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: 0 0 0 59 500 500 0% 6,883 10,000 10,000 4,388 10,000 0 0% 9,268 5,000 5,000 0 5,000 0 0% 81,012 50,000 50,000 99,328 50,000 0 0% 5,251 15,000 15,000 20,140 15,000 0 0% 14,750 40,000 40,000 4,911 40,000 0 0% 3,776 8,500 8,500 2,184 8,500 0 0% 10,325 5,000 5,000 1,958 5,000 0 0% 2,465 10,000 10,000 4,312 10,000 0 0% 133,730 143,500 143,500 137,280 144,000 500 00/0 66 - Utilities 201-7003-61101 Electricity - Utilities 15,302 9,000 9,000 10,002 9,000 0 0% 66 - Utilities Totals: 15,302 9,000 9,000 10,002 9,000 0 00/0 68 - Capital Expenses 201-7003-61701 Equipment Rental 295 5,000 5,000 1,296 5,000 0 0% 201-7003-72111 Road Improvements 542,713 0 200,000 78,087 0 (200,000) -100% 201-7003-80100 Machinery & Equipment 0 200,000 650,000 2,802 200,000 (450,000) -69% 68 - Capital Expenses Totals: 543,008 205,000 855,000 82,186 205,000 (650,000) -76% 24 281 CITY OF LA QUINTA GAS TAX FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 69 - Internal Service Charges 201-7003-98110 Information Tech Charge 231,000 231,000 231,000 173,250 231,500 500 0% 201-7003-98140 Facility & Fleet Maintenar 504,900 504,900 504,900 378,67I 517,000 12,100 2% 69 - Internal Service Charges Totals: 735,900 735,900 735,900 551,925 748,500 12,600 2% 99 - Transfers Out 201-7003-99900 Transfers Out 969,409 1,462,000 3,118,102 772,130 1,006,705 (2,111,397) -68% 99 - Transfers Out Totals: 969,409 1,462,000 3,118,102 772,130 1,006,705 (2,111,397) -68% 7003 - Streets- Traffic Totals: 3,057,585 3,443,100 5,749,202 2,127,112 3,094,085 (2,655,117) -46% 201 - GAS TAX FUND Totals: 3,057,585 3,443,100 5,749,202 2,127,112 3,094,085 (2,655,117) -46% 25 282 CITY OF LA QUINTA GAS TAX FUND EXPENSE NOTES FY 2025/26 PROPOSED BUDGET Fund: 201 - GAS TAX FUND 201-7003-50101 Permanent Full Time 536,300.00 100% - Maintenance & Operations Superintendent 100% - Maintenance & Operations Crew Leader 100% - Sr. Maintenance & Operations Worker (2) 100% - Maintenance Worker I (4) 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 1,006,705.00 Amount CIP - Cove Area Slurry Seal Improvements 1,006,705 26 283 CITY OF LA QUINTA LIGHTING & LANDSCAPING EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 215 - LIGHTING & LANDSCAPING FUND 7004 - Lighting & Landscaping 50 - Salaries and Benefits 215-7004-50101 Permanent Full Time 183,574 231,500 231,500 170,544 214,100 (17,400) -8% 215-7004-50105 Salaries - Overtime 2,161 500 500 14,605 10,000 9,500 1,900% 215-7004-50106 Standby 12,290 10,000 10,000 9,330 10,000 0 0% 215-7004-50107 Standby Overtime 50,759 25,000 25,000 42,773 30,000 5,000 20% 215-7004-50150 Other Compensation 241 0 0 49 0 0 0% 215-7004-50200 PERS-City Portion 14,681 18,100 18,100 13,619 17,000 (1,100) -6% 215-7004-50215 Other Fringe Benefits 3,910 3,900 3,900 2,976 3,900 0 0% 215-7004-50221 Medical Insurance 62,456 83,500 83,500 47,432 81,800 (1,700) -2% 215-7004-50222 Vision Insurance 506 0 0 386 0 0 0% 215-7004-50223 Dental Insurance 2,543 0 0 2,207 0 0 0% 215-7004-50224 Life Insurance 197 0 0 155 0 0 0% 215-7004-50225 Long Term Disability 1,121 1,700 1,700 1,486 1,400 (300) -18% 215-7004-50230 Workers Comp Insurance 14,300 14,300 14,300 10,725 14,700 400 3% 215-7004-50240 Social Security -Medicare 3,921 3,300 3,300 3,520 3,100 (200) -6% 215-7004-50241 Social Security -FICA 1,301 0 0 0 0 0 00/0 215-7004-50251 Temporary 21,070 0 0 4,536 0 0 0% 50 - Salaries and Benefits Totals: 375,032 391,800 391,800 324,343 386,000 (5,800) -10/0 60 - Contract Services 215-7004-60102 Administration 15,231 15,500 15,500 10,717 15,500 0 0% 215-7004-60104 Consultants 77,861 80,000 80,000 59,945 84,000 4,000 5% 215-7004-60112 Landscape Contract 897,576 1,570,000 1,570,000 1,295,406 1,645,500 75,500 5% 215-7004-60143 SilverRock Way Landscar 66,304 82,000 82,000 56,710 87,000 5,000 6% 60 - Contract Services Totals: 1,056,972 1,747,500 1,747,500 1,422,779 1,832,000 84,500 50/0 62 - Maintenance & Operations 215-7004-60320 Travel & Training 215-7004-60420 Operating Supplies 215-7004-60423 Supplies -Graffiti and Van 215-7004-60427 Safety Gear 215-7004-60431 Materials/Supplies 215-7004-60432 Tools/Equipment 215-7004-60673 Tree Maintenance/Palm T 215-7004-60690 Uniforms 215-7004-60691 Maintenance/Services 62 - Maintenance & Operations Totals: 0 4,500 4,500 2,395 4,500 0 0% 3,899 15,000 15,000 2,999 15,000 0 0% 687 10,000 10,000 0 10,000 0 0% 2,724 2,500 2,500 1,278 3,000 500 20% 245,782 500,000 625,000 495,041 550,000 (75,000) -12% 2,223 3,000 3,000 4,705 4,000 1,000 33% 21,670 500,000 950,000 230,091 60,000 (890,000) -94% 2,680 3,500 3,500 1,499 3,500 0 0% 444,910 300,000 300,000 399,672 400,000 100,000 33% 724,577 1,338,500 1,913,500 1,137,680 1,050,000 (863,500) -45% 66 - Utilities 215-7004-61116 Electric - Utilities 98,062 80,000 80,000 83,837 92,000 12,000 15% 215-7004-61117 Electric - Medians - Utiliti 37,403 40,000 40,000 32,475 49,000 9,000 23% 215-7004-61211 Water - Medians - Utilitie 254,338 215,000 215,000 221,945 250,000 35,000 16% 66 - Utilities Totals: 389,803 335,000 335,000 338,257 391,000 56,000 17% 27 284 CITY OF LA QUINTA LIGHTING & LANDSCAPING EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 69 - Internal Service Charges 215-7004-98110 Information Tech Charge 86,600 86,600 86,600 64,950 87,000 400 0% 215-7004-98140 Facility & Fleet Maintenar 58,300 58,300 58,300 43,725 I 62,000 3,700 6% 69 - Internal Service Charges Totals: 144,900 144,900 144,900 108,675 149,000 4,100 3% 7004 - Lighting & Landscaping Totals: 2,691,283 3,957,700 4,532,700 3,331,734 3,808,000 (724,700) -16% LIGHTING & LANDSCAPING FUND Totals; 2,691,283 3,957,700 4,532,700 3,331,734 3,808,000 (724,700) -16% 28 285 CITY OF LA QUINTA LIGHTING & LANDSCAPING FUND EXPENSE NOTES FY 2025kBbBEA BUDGET Fund: 215 - LIGHTING & LANDSCAPING FUND 215-7004-50101 Permanent Full Time 214,100.00 50% - Maintenance & Operations Superintendent (50% Parks Maintenance) 50% - Maintenance & Operations Crew Leader (50% Parks Maintenance) 50% - Sr. 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 84,000.00 Lighting contract 215-7004-60112 Landscape Contract 1,645,500.00 Citywide landscape contract 215-7004-60320 Travel & Training 4,500.00 Safety training 215-7004-60431 Materials/Supplies 550,000.00 Median landscape improvements and turf removal $500,000 approved as part of the 5-year CIP Program 215-7004-60432 Tools/Equipment 4,000.00 Used for all tools and equipment (other than capital expenditures) including small hand tools and/or power tools such as drills, blowers, saws, etc. 29 286 CITY OF LA QUINTA FY 2025/26 PROPOSED BUDGET HOUSING AUTHORITY 2025/26 BUDGET SUMMARY 30 287 CITY OF LA QUINTA HOUSING AUTHORITY REVENUE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change in Actuals Original Budaet Current Budget YTD Activity* Proposed Current 24/25 Budget 241 - HOUSING AUTHORITY 9101 - Housing Authority - Admin 340 - Charges for Services 241-9101-42301 Miscellaneous Revenue 526 0 0 0 0 0 0% 340 - Charges for Services Totals: 526 0 0 0 0 0 00/0 360 - Use of Money & Property 241-9101-41900 Allocated Interest 416,365 200,000 200,000 90,244 365,000 165,000 83% 241-9101-41910 GASB 31 Interest 165,958 0 0 0 0 0 0% 241-9101-41915 Non -Allocated Interest 0 1,000 1,000 0 0 (1,000) -100% 241-9101-42706 Loan Repayments 80,124 0 0 0 0 0 0% 241-9101-43504 2nd Trust Deed Repayme 148,869 100,000 100,000 11,300 100,000 0 0% 241-9101-45000 Sale of Other Assets 118,416 0 0 0 1 0 0 0% 360 - Use of Money & Property Totals: 929,732 301,000 301,000 101,544 465,000 164,000 54% 101 - Housing Authority - Admin Totals: 930,258 301,000 301,000 101,544 465,000 164,000 54% 9103 - Housing Authority - LQRP 360 - Use of Money & Property 241-9103-43501 Miscellaneous Revenue/L 200,000 0 0 0 0 0 0% 241-9103-43502 Rent Revenue/LQRP 351,454 350,000 350,000 247,958 350,000 0 0% 360 - Use of Money & Property Totals: 551,454 350,000 350,000 247,958 350,000 0 00/0 9103 - Housing Authority - LQRP Totals: 551,454 350,000 350,000 247,958 350,000 0 00/0 9104 - Dune Palms Mobile Estates 360 - Use of Money & Property 241-9104-42112 Rent Revenue/Tenant/Du 791,622 800,000 800,000 662,797 I 850,000 50,000 6% 241-9104-42302 Miscellaneous Revenue/C 0 1,000 1,000 0 1,000 0 0% 360 - Use of Money & Property Totals: 791,622 801,000 801,000 662,797 851,000 50,000 6% 104 - Dune Palms Mobile Estates Totals: 791,622 801,000 801,000 662,797 851,000 50,000 6% 241 - HOUSING AUTHORITY Totals: 2,273,334 1,452,000 1,452,000 1,012,299 1,666,000 214,000 150/0 243 - RDA LOW -MOD HOUSING FUND 0000 - Undesignated 360 - Use of Money & Property 243-0000-41900 Allocated Interest 143,666 60,000 60,000 31,085 I 130,000 70,000 117% 243-0000-41910 GASB 31 Interest 45,354 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 189,020 60,000 60,000 31,085 130,000 70,000 117% 370 - Miscellaneous 243-0000-48500 Extraordinary Gain 68,161 0 0 0 0 0 0% 370 - Miscellaneous Totals: 68,161 0 0 0 0 0 00/0 0000 - Undesignated Totals: 257,181 60,000 60,000 31,085 130,000 70,000 117% 243 - RDA LOW -MOD HOUSING FUND Totals: 257,181 60,000 31 60,000 31,085 130,000 70,000 288L170/o CITY OF LA QUINTA HOUSING AUTHORITY REVENUE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change in 249 - SA 2011 LOW/MOD BOND FUND 0000 - Undesignated 340 - Charges for Services 249-0000-42301 Miscellaneous Revenue 0 0 0 4,483 0 0 0% 340 - Charges for Services Totals: 0 0 0 4,483 0 0 00/0 360 - Use of Money & Property 249-0000-41900 Allocated Interest 249-0000-41910 GASB 31 Interest 249-0000-41915 Non -Allocated Interest 360 - Use of Money & Property Totals 4,616 3,000 3,000 23,261 0 0 86,083 15,000 15,000 0 0 (3,000) -100% 0 0 0 0% 125 86,000 71,000 473% 113,960 18,000 18,000 75,125 86,000 68,000 378% 390 - Other Financing Sources 249-0000-49500 Transfers In 1,387,009 0 0 0 0 0 0% 390 - Other Financing Sources Totals: 1,387,009 0 0 0 0 0 00/0 0000 - Undesignated Totals: 1,500,969 18,000 18,000 79,607 86,000 68,000 378% 249 BOND FUND (Refinanced in 2016) Totals: 1,500,969 18,000 18,000 79,607 86,000 68,000 378% 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 2023/24 reflect 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 2025/26 former Redevelopment Agency loan repayment of $715,187 will be recognized in reserves within this Fund. 249 Successor Agency (SA) 2011 Low/Mod Bund Fund: In FY 2023/24, 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. 32 289 CITY OF LA QUINTA HOUSING AUTHORITY EXPENSE DETAILS FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Proposed Budget Current 24/25 in Budget 241 - HOUSING AUTHORITY 9101 - Housing Authority - Admin 50 - Salaries and Benefits 241-9101-50101 Permanent Full Time 308,362 322,000 322,000 299,614 328,800 6,800 2% 241-9101-50105 Salaries - Overtime 58 0 0 ill 0 0 0% 241-9101-50110 Commissions & Boards 500 1,800 1,800 450 1,800 0 0% 241-9101-50150 Other Compensation 145 200 200 125 200 0 0% 241-9101-50200 PERS-City Portion 27,150 31,200 31,200 26,454 30,400 (800) -3% 241-9101-50215 Other Fringe Benefits 4,875 3,640 3,640 8,955 9,380 5,740 158% 241-9101-50221 Medical Insurance 53,229 70,000 70,000 46,186 70,900 900 1% 241-9101-50222 Vision Insurance 455 0 0 399 0 0 0% 241-9101-50223 Dental Insurance 2,747 0 0 2,225 0 0 0% 241-9101-50224 Life Insurance 175 0 0 158 0 0 0% 241-9101-50225 Long Term Disability 1,764 2,000 2,000 1,831 2,100 100 5% 241-9101-50230 Workers Comp Insurance 13,400 13,400 13,400 10,050 13,700 300 2% 241-9101-50240 Social Security -Medicare 4,479 4,800 4,800 4,353 4,800 0 0% 241-9101-50241 Social Security -FICA 56 0 0 59 0 0 0% 50 - Salaries and Benefits Totals: 417,394 449,040 449,040 400,970 462,080 13,040 3% 60 - Contract Services 241-9101-60103 Professional Services 75,228 75,000 75,000 78,397 110,000 35,000 47% 241-9101-60106 Auditors 5,000 5,000 5,000 0 5,000 0 00/0 241-9101-60153 Attorney 33,905 25,000 25,000 26,538 25,000 0 00/0 241-9101-60157 Rental Expenses 200,000 0 0 0 0 0 00/0 60 - Contract Services Totals: 314,133 105,000 105,000 104,935 140,000 35,000 33% 62 - Maintenance & Operations 241-9101-60320 Travel & Training 467 1,000 1,000 0 1,000 0 00/0 241-9101-60420 Operating Supplies 734 2,000 2,000 987 I 2,000 0 00/0 62 - Maintenance & Operations Totals: 1,201 3,000 3,000 987 3,000 0 00/0 69 - Internal Service Charges 241-9101-91843 Property & Crime Insurar 9,300 9,300 9,300 6,975 9,700 400 4% 241-9101-91844 Earthquake Insurance 18,200 18,200 18,200 13,650 18,700 500 3% 241-9101-98110 Information Tech Charge 80,900 80,900 80,900 60,675 81,300 400 00/0 69 - Internal Service Charges Totals: 108,400 108,400 108,400 81,300 109,700 1,300 10/0 101 - Housing Authority - Admin Totals: 841,128 665,440 665,440 588,192 714,780 49,340 7% 9103 - Housing Authority - LQRP 62 - Maintenance & Operations 241-9103-60157 Rental Expenses 379,320 350,000 350,000 210,512 350,000 0 00/0 62 - Maintenance & Operations Totals: 379,320 350,000 350,000 210,512 350,000 0 00/0 9103 - Housing Authority - LQRP Totals: 379,320 350,000 350,000 210,512 350,000 0 00/0 33 290 CITY OF LA QUINTA HOUSING AUTHORITY EXPENSE DETAILS FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Proposed Budget Current 24/25 in Budget 9104 - Dune Palms Mobile Estates 60 - Contract Services 241-9104-60103 Professional Services 116,883 100,000 100,000 84,300 100,000 0 0% 241-9104-60157 Rental Expense 428,068 400,000 400,000 333,370 400,000 0 0% 241-9104-60159 Relocation/Temp Housinc 0 0 0 2,381 0 0 0% 60 - Contract Services Totals: 544,952 500,000 500,000 420,052 500,000 0 00/0 68 - Capital Expenses 241-9104-72110 Building/Site Improveme 99,064 200,000 450,000 10,716 100,000 (350,000) -78% 68 - Capital Expenses Totals: 99,064 200,000 450,000 10,716 100,000 (350,000) -78% 104 - Dune Palms Mobile Estates Totals: 644,015 700,000 950,000 430,768 600,000 (350,000) -37% 241 - HOUSING AUTHORITY Totals: 1,864,463 1,715,440 1,965,440 1,229,471 1,664,780 (300,660) -150/0 241 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. 34 291 CITY OF LA QUINTA HOUSING AUTHORITY EXPENSE NOTES FY 2025/26 PROPOSED BUDGET Fund: 241 - HOUSING AUTHORITY 241-9101-50101 Permanent Full Time 328,800.00 20% - City Manager (80% City Manager) 10% - Finance Director (90% Finance) 10% - City Clerk Director (90% City Clerk) 40% - Director- Business Unit & Housing Development (60% City Manager) 60% - Sr. Management Analyst (40% Information Technology Fund) 60% - Management Specialist (40% City Manager) 80% - Administrative Techniciant (20% City Manager) Housing Authority Member Stipends (5) Housing Commissioner Stipends 241-9101-60103 Professional Services 110,000.00 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 35 292 CITY OF LA QUINTA HOUSING AUTHORITY EXPENSE DETAILS FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Proposed Budget Current 24/25 in Budget 243 - RDA LOW -MOD HOUSING FUND 0000 - Undesignated 64 - Other Expenses 243-0000-60532 Homelessness Assistance 250,000 250,000 350,000 300,800 325,000 (25,000) -7% 64 - Other Expenses Totals: 250,000 250,000 350,000 300,800 325,000 (25,000) -70/o 0000 - Undesignated Totals: 250,000 250,000 350,000 300,800 325,000 (25,000) -70/o 243 - RDA LOW -MOD HOUSING FUND Totals: 250,000 250,000 350,000 300,800 325,000 (25,000) -70/o 243 RDA Low -Mod Housing Fund: The 2025/26 former Redevelopment Agency loan repayment of $715,187 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. 36 293 CITY OF LA QUINTA HOUSING AUTHORITY EXPENSE DETAILS FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Proposed Budget Current 24/25 in Budget 249 - SA 2011 LOW/MOD BOND FUND (Re 0000 - Undesignated 68 - Capital Expenses 249-0000-74010 Land Acquisition 3,587,121 0 0 0 0 0 0% 249-0000-80050 Affordable Housing Proje 900 250,000 657,003 746,407 150,000 (507,003) -77% 68 - Capital Expenses Totals: 3,588,021 250,000 657,003 746,407 150,000 (507,003) -77% 0000 - Undesignated Totals: 3,588,021 250,000 657,003 746,407 150,000 (507,003) -77% 249 BOND FUND (Refinanced in 2016) Totals: 3,588,021 250,000 657,003 746,407 150,000 (507,003) -77% 249 Successor Agency Bond Fund: These funds are restricted per individual bond covenants and were used for the acquisition of the vacant propoerty 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 2025/26, budget will be used for investment in design and development of projects. 37 294 CITY OF LA QUINTA FINANCE AUTHORITY EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 310 - LQ FINANCE AUTHORITY DEBT SER\ 0000 - Undesignated 60 - Contract Services 310-0000-60181 Contract Services Fees 907 1,500 1,500 0 1,000 (500) -33% 60 - Contract Services Totals: 907 1,500 1,500 0 1,000 (500) -33% 0000 - Undesignated Totals: 907 1,500 1,500 0 1,000 (500) -33% NANCE AUTHORITY DEBT SERVICE Totals: 907 1,500 1,500 0 1,000 (500) -33% Contract Services fee: Annual State Controller's report and audit requirement 38 295 CITY OF LA QUINTA SILVERROCK RESORT FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budget Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 601 - SILVERROCK RESORT 0000 - Undesignated 60 - Contract Services 601-0000-60200 Cart Barn/Range 572,143 600,000 600,000 459,646 622,000 22,000 4% 601-0000-60201 Golf Shop 375,030 420,000 420,000 364,690 420,000 0 0% 601-0000-60203 Maintenance 2,387,410 2,410,000 2,410,000 2,221,161 2,540,000 130,000 5% 601-0000-60205 General & Administrative 491,330 520,000 520,000 386,159 563,000 43,000 8% 601-0000-60206 Marketing 122,671 171,000 171,000 113,071 173,000 2,000 1% 601-0000-60207 Temporary Club House 164,902 168,000 168,000 121,074 172,000 4,000 2% 601-0000-60208 Management Fee 141,078 137,000 137,000 102,933 144,000 7,000 5% 601-0000-60209 Insurance 93,311 55,000 55,000 71,772 91,000 36,000 65% 601-0000-60210 Property Tax 5,455 15,000 15,000 5,455 6,000 (9,000) -60% 601-0000-60211 Rental Payment 217,103 421,000 421,000 262,020 354,000 (67,000) -16% 601-0000-60213 Interest Payment 6,188 0 0 0 0 0 0% 601-0000-60217 Food & Beverage 232,947 50,000 50,000 0 40,000 (10,000) -20% 60 - Contract Services Totals: 4,809,569 4,967,000 4,967,000 4,107,981 5,125,000 158,000 3% 62 - Maintenance & Operations 601-0000-60214 Equipment Repairs 0 10,000 10,000 0 5,000 (5,000) -50% 601-0000-60455 Bank Fees 170,912 150,000 150,000 109,604 150,000 0 0% 601-0000-60660 Repair & Maintenance 52,490 150,000 150,000 34,996 150,000 0 0% 62 - Maintenance & Operations Totals: 223,402 310,000 310,000 144,599 305,000 (5,000) -2% 68 - Capital Expenses 601-0000-71030 Vehicles 601-0000-71122 Depreciation Expense - C 601-0000-72011 Depreciation Expense 601-0000-80100 Machinery & Equipment 68 - Capital Expenses Totals: 0 220,522 296,922 80,162 W51 0% 0% 0% 0% 597,606 0 0 65,477 0 0 00/0 99 - Transfers Out 601-0000-99900 Transfers Out 82,000 88,000 88,000 88,000 87,000 (1,000) -1% 99 - Transfers Out Totals: 82,000 88,000 88,000 88,000 87,000 (1,000) -10/0 0000 - Undesignated Totals: 5,712,576 5,365,000 5,365,000 4,406,058 5,517,000 152,000 3% 601 - SILVERROCK RESORT Totals: 5,712,576 5,365,000 5,365,000 4,406,058 5,517,000 152,000 3% 39 296 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budget Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 105 - DISASTER RECOVERY FUND 0000 - Undesignated 99 - Transfers Out 105-0000-99900 Transfers Out 0 0 4,993,504 4,993,504 4,993,504 0 0% 99 - Transfers Out Totals: 0 0 4,993,504 4,993,504 4,993,504 0 00/0 0000 - Undesignated Totals: 0 0 4,993,504 4,993,504 4,993,504 0 00/0 105 - DISASTER RECOVERY FUND Totals: 0 0 4,993,504 4,993,504 4,993,504 0 00/0 40 297 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budget Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 203 - PUBLIC SAFETY FUND (MEASURE G) 0000 - Undesignated 99 - Transfers Out 203-0000-99900 Transfers Out 21,312 0 20,376 0 0 (20,376) -100% 99 - Transfers Out Totals: 21,312 0 20,376 0 0 (20,376) -1000/0 0000 - Undesignated Totals: 21,312 0 20,376 0 0 (20,376) -1000/0 UBLIC SAFETY FUND (MEASURE G) Totals; 21,312 0 20,376 0 0 (20,376) -1000/0 41 298 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 210 - FEDERAL ASSISTANCE FUND 0000 - Undesignated 60 - Contract Services 210-0000-60135 CDBG Public Service Grai 16,419 23,500 23,500 13,915 24,000 500 2% 60 - Contract Services Totals: 16,419 23,500 23,500 13,915 24,000 500 2% 99 - Transfers Out 210-0000-99900 Transfers Out 355,559 175,000 175,000 0 136,000 (39,000) -22% 99 - Transfers Out Totals: 355,559 175,000 175,000 0 136,000 (39,000) -22% 0000 - Undesignated Totals: 371,978 198,500 198,500 13,915 160,000 (38,500) -190/0 210 - FEDERAL ASSISTANCE FUND Totals: 371,978 198,500 198,500 13,915 160,000 (38,500) -190/0 42 299 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 212 - SLESA (COPS) FUND 0000 - Undesignated 60 - Contract Services 212-0000-60178 COPS Robbery Preventioi 51,392 10,000 10,000 8,200 I 10,000 0 0% 212-0000-60179 COPS Burglary/Theft Prey 35,539 90,000 90,000 85,144 90,000 0 0% 60 - Contract Services Totals: 86,931 100,000 100,000 93,344 100,000 0 00/0 0000 - Undesignated Totals: 86,931 100,000 100,000 93,344 100,000 0 00/0 212 - SLESA (COPS) FUND Totals: 86,931 100,000 100,000 93,344 100,000 0 00/0 43 300 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budget Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 220 - QUIMBY FUND 0000 - Undesignated 99 - Transfers Out 220-0000-99900 Transfers Out 0 0 262,685 0 0 (262,685) -100% 99 - Transfers Out Totals: 0 0 262,685 0 0 (262,685) -1000/0 0000 - Undesignated Totals: 0 0 262,685 0 0 (262,685) -1000/0 220 - QUIMBY FUND Totals: 0 0 262,685 0 0 (262,685) -1000/0 44 301 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 221 - AB 939 - CALRECYCLE FUND 0000 - Undesignated 60 - Contract Services 221-0000-60127 AB 939 Recycling Solutio 270,646 200,000 200,000 87,478 205,000 5,000 3% 60 - Contract Services Totals: 270,646 200,000 200,000 87,478 205,000 5,000 3% 0000 - Undesignated Totals: 270,646 200,000 200,000 87,478 205,000 5,000 3% 221 - AB 939 - CALRECYCLE FUND Totals: 270,646 200,000 200,000 87,478 205,000 5,000 3% 45 302 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 223 - MEASURE A FUND 0000 - Undesignated 64 - Other Expenses 223-0000-60510 Signal Knockdowns, Cont 7,806 0 0 0 0 0 0% 64 - Other Expenses Totals: 7,806 0 0 0 0 0 00/0 99 - Transfers Out 223-0000-99900 Transfers Out 2,754,523 2,335,000 4,456,986 149,017 1,124,132 (3,332,854) -75% 99 - Transfers Out Totals: 2,754,523 2,335,000 4,456,986 149,017 1,124,132 (3,332,854) -75% 0000 - Undesignated Totals: 2,762,329 2,335,000 4,456,986 149,017 1,124,132 (3,332,854) -75% 223 - MEASURE A FUND Totals: 2,762,329 2,335,000 4,456,986 149,017 1,124,132 (3,332,854) -75% 46 303 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 226 - EMERGENCY MANAGEMENT PERFOR 0000 - Undesignated 62 - Maintenance & Operations 226-0000-60432 Tools/Equipment 9,950 12,000 12,000 11,373 10,000 (2,000) -17% 62 - Maintenance & Operations Totals: 9,950 12,000 12,000 11,373 10,000 (2,000) -17% 0000 - Undesignated Totals: 9,950 12,000 12,000 11,373 10,000 (2,000) -17% :NT PERFORMANCE GRANT (EMPG) Totals; 9,950 12,000 12,000 11,373 10,000 (2,000) -17% 47 304 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 227 - STATE HOMELAND SECURITY PROGI 0000 - Undesignated 60 - Contract Services 227-0000-60320 Travel & Training 3,936 5,000 5,000 4,204 5,000 0 0% 60 - Contract Services Totals: 3,936 5,000 5,000 4,204 5,000 0 00/0 0000 - Undesignated Totals: 3,936 5,000 5,000 4,204 5,000 0 00/0 4ND SECURITY PROGRAMS (SHSP) Totals; 3,936 5,000 5,000 4,204 5,000 0 00/0 48 305 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 230 - CASp FUND, AB 1379 0000 - Undesignated 60 - Contract Services 230-0000-60320 Travel & Training 0 2,500 2,500 0 2,500 0 0% 60 - Contract Services Totals: 0 2,500 2,500 0 2,500 0 00/0 64 - Other Expenses 230-0000-60480 Contributions to State Ag 1,574 2,000 2,000 1,312 2,000 0 0% 64 - Other Expenses Totals: 1,574 2,000 2,000 1,312 2,000 0 00/0 68 - Capital Expenses 230-0000-90020 Service & Supply 0 1,000 1,000 0 1,000 0 0% 68 - Capital Expenses Totals: 0 1,000 1,000 0 1,000 0 0% 0000 - Undesignated Totals: 1,574 5,500 5,500 1,312 5,500 0 0% 230 - CASp FUND, AB 1379 Totals: 1,574 5,500 5,500 1,312 5,500 0 0% 49 306 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 235 - SO COAST AIR QUALITY FUND 0000 - Undesignated 60 - Contract Services 235-0000-60186 CVAG 38,315 40,000 40,000 9,785 I 40,000 0 0% 60 - Contract Services Totals: 38,315 40,000 40,000 9,785 40,000 0 00/0 66 - Utilities 235-0000-61101 Electricity - Utilities 0 0 0 4,203 0 0 0% 66 - Utilities Totals: 0 0 0 4,203 0 0 0% 0000 - Undesignated Totals: 38,315 40,000 40,000 13,988 40,000 0 0% 35 - SO COAST AIR QUALITY FUND Totals; 38,315 40,000 40,000 13,988 40,000 0 0% 50 307 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 247 - ECONOMIC DEVELOPMENT FUND 0000 - Undesignated 60 - Contract Services 247-0000-60320 Travel & Training 3,861 6,500 6,500 1,110 I 6,500 0 0% 247-0000-60351 Membership Dues 1,850 5,000 5,000 1,650 5,000 0 0% 60 - Contract Services Totals: 5.711 11.500 11.500 2.760 11.500 0 00/0 64 - Other Expenses 247-0000-60461 Marketing & Tourism Proi 16,632 20,000 20,000 2,411 20,000 0 0% 64 - Other Expenses Totals: 16,632 20,000 20,000 2,411 20,000 0 00/0 0000 - Undesignated Totals: 22,343 31,500 31,500 5,171 31,500 0 00/0 - ECONOMIC DEVELOPMENT FUND Totals: 22,343 31,500 31,500 5,171 31,500 0 00/0 51 308 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budget Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 250 - TRANSPORTATION DIF FUND 0000 - Undesignated 68 - Capital Expenses 250-0000-80105 Developer Reimbursemei 400,000 400,000 400,000 400,000 400,000 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 12,267 1,179,109 2,437,567 454 579,109 (1,858,458) -76% 99 - Transfers Out Totals: 12,267 1,179,109 2,437,567 454 579,109 (1,858,458) -76% 0000 - Undesignated Totals: 412,267 1,579,109 2,837,567 400,454 979,109 (1,858,458) -65% 150 - TRANSPORTATION DIF FUND Totals: 412,267 1,579,109 2,837,567 400,454 979,109 (1,858,458) -65% 52 309 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budget Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 251 - PARKS & REC DIF FUND 0000 - Undesignated 99 - Transfers Out 251-0000-99900 Transfers Out 277,670 0 843,615 62,573 0 (843,615) -100% 99 - Transfers Out Totals: 277,670 0 843,615 62,573 0 (843,615) -100% 0000 - Undesignated Totals: 277,670 0 843,615 62,573 0 (843,615) -100% 251 - PARKS & REC DIF FUND Totals: 277,670 0 843,615 62,573 0 (843,615) -100% 53 310 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budget Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 252 - CIVIC CENTER DIF FUND 0000 - Undesignated 99 - Transfers Out 252-0000-99900 Transfers Out 0 0 249,925 0 0 (249,925) -100% 99 - Transfers Out Totals: 0 0 249,925 0 0 (249,925) -100% 0000 - Undesignated Totals: 0 0 249,925 0 0 (249,925) -100% 252 - CIVIC CENTER DIF FUND Totals: 0 0 249,925 0 0 (249,925) -100% 54 311 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 253 - LIBRARY DEVELOPMENT DIF 0000 - Undesignated 68 - Capital Expenses 253-0000-83500 Advance Interest Expens 32,495 15,000 15,000 5,617 15,000 0 0% 68 - Capital Expenses Totals: 32,495 15,000 15,000 5,617 15,000 0 00/0 0000 - Undesignated Totals: 32,495 15,000 15,000 5,617 15,000 0 00/0 253 - LIBRARY DEVELOPMENT DIF Totals: 32,495 15,000 15,000 5,617 15,000 0 00/0 55 312 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budget Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 254 - COMMUNITY & CULTURAL CENTERS 0000 - Undesignated 99 - Transfers Out 254-0000-99900 Transfers Out 0 500,000 625,000 0 482,561 (142,439) -23% 99 - Transfers Out Totals: 0 500,000 625,000 0 482,561 (142,439) -23% 0000 - Undesignated Totals: 0 500,000 625,000 0 482,561 (142,439) -23% 1UNITY & CULTURAL CENTERS DIF Totals; 0 500,000 625,000 0 482,561 (142,439) -23% 56 313 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budget Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 259 - MAINTENANCE FACILITIES DIF FUN 0000 - Undesignated 99 - Transfers Out 259-0000-99900 Transfers Out 0 100,000 280,000 0 362,526 82,526 29% 99 - Transfers Out Totals: 0 100,000 280,000 0 362,526 82,526 29% 0000 - Undesignated Totals: 0 100,000 280,000 0 362,526 82,526 29% NTENANCE FACILITIES DIF FUND Totals: 0 100,000 280,000 0 362,526 82,526 29% 57 314 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 270 - ART IN PUBLIC PLACES FUND 0000 - Undesignated 64 - Other Expenses 270-0000-60482 Operating Supplies 4,947 8,000 8,000 966 8,000 0 0% 64 - Other Expenses Totals: 4,947 8,000 8,000 966 8,000 0 00/0 65 - Repair & Maintenance 270-0000-60683 APP Maintenance & Displi 57,798 75,000 75,000 72,757 75,000 0 0% 65 - Repair & Maintenance Totals: 57,798 75,000 75,000 72,757 75,000 0 00/0 68 - Capital Expenses 270-0000-74800 Art Purchases 57,549 150,000 150,000 43,900 150,000 0 0% 68 - Capital Expenses Totals: 57,549 150,000 150,000 43,900 150,000 0 00/0 99 - Transfers Out 270-0000-99900 Transfers Out 912 0 508,799 2,050 0 (508,799) -100% 99 - Transfers Out Totals: 912 0 508,799 2,050 0 (508,799) -1000/0 0000 - Undesignated Totals: 121,206 233,000 741,799 119,673 233,000 (508,799) -69% 70 - ART IN PUBLIC PLACES FUND Totals; 121,206 233,000 741,799 119,673 233,000 (508,799) -69% 58 315 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budget Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 760 - SUPPLEMENTAL PENSION PLAN 0000 - Undesignated 50 - Salaries and Benefits 760-0000-50199 Annual PARS Contribution 12,833 12,850 12,850 12,833 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 59 316 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 761 - CERBT OPEB TRUST 0000 - Undesignated 60 - Contract Services 761-0000-60102 Administration 1,612 1,500 1,500 1,184 1,500 0 0% 60 - Contract Services Totals: 1,612 1,500 1,500 1,184 1,500 0 00/0 0000 - Undesignated Totals: 1,612 1,500 1,500 1,184 1,500 0 00/0 761 - CERBT OPEB TRUST Totals: 1,612 1,500 1,500 1,184 1,500 0 00/0 60 317 CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 762 - PARS PENSION TRUST 0000 - Undesignated 60 - Contract Services 762-0000-60102 Administration 31,433 30,000 30,000 25,463 30,000 0 0% 60 - Contract Services Totals: 31,433 30,000 30,000 25,463 30,000 0 00/0 0000 - Undesignated Totals: 31,433 30,000 30,000 25,463 30,000 0 00/0 762 - PARS PENSION TRUST Totals: 31,433 30,000 30,000 25,463 30,000 0 00/0 61 318 CITY OF LA QUINTA SPECIAL FUND EXPENSE NOTES FY 2025/26 PROPOSED BUDGET EXPENSE NOTES BY FUND NUMBER — 201 Gas Tax Fund Transfers Out for CIP — Cove Area Slurry Seal Improvements of $1,006,705. 203 Public Safety Fund There are no transfers out for CIP proposed for FY 2025/26. 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 $24,000. 212 Federal Assistance Fund There are no changes for expenditures from FY 2024/25, expenses include COPS robbery and burglary/theft prevention. 220 Quimby Fund does not have Capital Improvement project funding allocated in FY 2025/26. 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; Citywide Striping Refresh of $500,000; Miles Avenue Pavement Rehabilitation of $289,132; and the 5-Year PMP Update of $100,000. 225 Infrastructure Fund is a Development Impact Fee Fund used for capital improvements. No additional projects are anticipated in FY 2025/26. 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 2025/26. 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 the existing developer impact fee reimbursement agreement of $400,000. 251 Parks & Rec DIF Fund is a Development Impact Fee Fund used for capital improvements. No additional projects are anticipated in FY 2025/26. 62 319 CITY OF LA QUINTA SPECIAL FUND EXPENSE NOTES FY 2025/26 PROPOSED BUDGET 252 Civic Center DIF Fund is a Development Impact Fee Fund used for capital improvements. No additional projects are anticipated in FY 2025/26. 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 $482,561. 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 of $362,526. 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. 63 320 CITY OF LA QUINTA CAPITAL IMPROVEMENT PROGRAM EXPENSE DETAIL FY 2025/26 PROPOSED BUDGET 2023/24 2024/25 2024/25 2024/25 2025/26 25/26 vs. 0/b Change Actuals Original Budget Current Budget YTD Activity* Prouosed Budget Current 24/25 in Budaet 401 - CAPITAL IMPROVEMENT PROGRAMS 0000 - Undesignated 60 - Contract Services 401-0000-60103 Professional Services 407,982 1,296,407 4,501,974 448,703 1,443,482 (3,058,492) -68% 401-0000-60108 Technical 168,278 1,426,957 7,694,254 97,346 1,623,917 (6,070,337) -79% 401-0000-60185 Design 1,043,013 2,147,658 5,312,035 1,382,733 1,744,207 (3,567,828) -67% 401-0000-60188 Construction 22,421,088 20,233,076 52,888,576 13,382,953 17,075,623 (35,812,953) -68% 60 - Contract Services Totals: 24,040,361 25,104,098 70,396,839 15,311,735 21,887,229 (48,509,610) -69% 62 - Maintenance & Operations 401-0000-60510 Contingency 0 2,114,011 8,279,252 0 2,405,804 (5,873,448) -71% 62 - Maintenance & Operations Totals: 0 2,114,011 8,279,252 0 2,405,804 (5,873,448) -71% 64 - Other Expenses 401-0000-60480 Contributions to Other Ac 589,842 0 134,164 5,921 0 (134,164) -100% 64 - Other Expenses Totals: 589,842 0 134,164 5,921 0 (134,164) -1000/0 68 - Capital Expenses 401-0000-74010 Land Acquisition 0 0 1,916,311 0 0 (1,916,311) -100% 68 - Capital Expenses Totals: 0 0 1,916,311 0 0 (1,916,311) -1000/0 99 - Transfers Out 401-0000-99900 Transfers Out (700) 0 0 0 0 0 0% 99 - Transfers Out Totals: (700) 0 0 0 0 0 00/0 0000 - Undesignated Totals: 24,629,504 27,218,109 80,726,566 15,317,656 24,293,033 (56,433,533) -70% \PITAL IMPROVEMENT PROGRAMS Totals: 24,629,504 27,218,109 80,726,566 15,317,656 24,293,033 (56,433,533) -70% 64 321 CITY OF LA QUINTA CAPITAL IMPROVEMENT PROGRAM EXPENSE NOTES FY 2025/26 PROPOSED BUDGET Fund: 401 - CAPITAL IMPROVEMENT PROGRAMS 401-0000-49500 Transfers In 24,293,033 CDBG Funds- Citywide Misc. ADA Improvements DIF Community/Cultural Center-- Cultural Campus DIF Maintenance & Facilities- M&O Yard DIF Transportation- Avenue 50 Wideninq Equip Replacement Fund- CPM Plan Improvements General Fund - Washington Street Pavement Rehab General Fund- ADA Accessible Ramps General Fund- Bear Creek Trailhead Restroom General Fund- Citywide Drainaqe Enhancements General Fund- Citywide Stripinq Refresh General Fund- Cultural Campus General Fund- Miles Avenue Pavement Rehab General Fund- PMP Street Improvements General Fund- Sidewalk Improvements Measure A- 5-Year PMP Update Measure A- Citywide Stripinq Refresh Measure A- Citywide Traffic Siqnal Improvements Measure A- Miles Avenue Pavement Rehabilitation Measure G- Cultural Campus Measure G- Highway 111 Corridor Plan Improvemen Measure G- Maintenance & Operations Yard Measure G- Miles Avenue Pavement Rehabilitation Measure G- PMP Street Improvements SB 1- Cove Area Slurry Seal Improvements Phase 2 Amount -136,000 -482,561 -362,526 -579,109 -50,000 -100,000 -20,000 -250,000 -477,000 -500,000 -1,550,000 -1,600,000 -1,000,000 -55,000 -100,000 -500,000 -235,000 -289,132 -1,200,000 -1,000,000 -9,800,000 -1,000,000 -2,000,000 -1,006,705 65 322 CITY OF LA QUINTA FY 2025/26 PROPOSED BUDGET 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. 66 323 CITY OF LA QUINTA FY 2025/26 PROPOSED BUDGET 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 (CaIOES) 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. 67 324 CITY OF LA QUINTA FY 2025/26 PROPOSED BUDGET 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. 68 325 CITY OF LA QUINTA FY 2025/26 PROPOSED BUDGET 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. 69 326 City of La Quinta PUBLIC HEARING ITEM NO. 1 CITY COUNCIL MEETING' June 3, 2025 STAFF REPORT AGENDA TITL- : RECEIVE AND FILE FISCAL YEAR 2024/25 ANNUAL WORKFORCE VACANCIES AND RECRUITMENT / RETENTION REPORT PURSUANT TO GOVERNMENT CODE SECTION 3502.3 RECOMMENDATION Receive and file fiscal year 2024/25 Annual Workforce Vacancies and Recruitment / Retention Report. EXECUTIVE SUMMARY • California State Assembly Bill 2561 (AB 2561) [Stats. 2024, Ch. 409, McKinnor] was enacted on September 22, 2024, by California Governor Newsom, introducing Government Code Section 3502.3. • Government Code Section 3502.3 requires public agencies to present an annual fiscal year report on workforce vacancies and recruitment/retention efforts at a public hearing before the governing board. • Additional reporting is required under Government Code Section 3502.3 when job vacancies within the La Quinta City Employees' Association (LQCEA) meet or exceed 20% of authorized full-time positions. • The City currently has 8 vacant positions, reflecting a 7.49% vacancy rate. Of these, 7 positions are eligible for LQCEA membership, representing a 6.55% vacancy rate, which remains below the 20% threshold required for additional reporting. FISCAL IMPACT — None BACKGROUND/ANALYSIS In September of 2024, the Governor of California signed AB 2561 into law, adding Government Section 3502.3. This statute requires public agencies to present an annual report on workforce vacancies and recruitment/retention efforts at a public hearing before the governing board, with recognized employee organizations allowed to provide input at their discretion. The summary report below outlines the City's legal obligations under the new law, which has been in effect since January 1, 2025. 327 CITY OF LA QUINTA CURRENT VACANT POSITIONS Department City Clerk Community Services Finance Finance Public Works/Facilities Public Works/Traffic Public Works/Admin Vacant Position Status Position Job Title Records Technician* Administrative Technician* Administrative Technician* Accountant* Maintenance & Operations Worker* Maintenance & Operations Superintendent Management Analyst* *Position Eliqible for LQCEA Membersh Number of Positions 2 1 1 1 1 1 1 • City Clerk Records Technician — job posting closed May 28, 2025; applications under review. • Community Services Administrative Technician —staffing assessment completed; fiscal year 2025/26 request to convert position into two (2) part-time Recreation Leader positions based on operational needs. • Finance Administrative Technician — on hold pending staffing assessment to determine necessity based on operations. • Finance Accountant— on hold pending staffing assessment to determine necessity based on operations. • Public Works/Facilities Maintenance and Operations Worker — job posting closes June 5, 2025. • Public Works/Traffic Maintenance and Operations Superintendent — proposed elimination in fiscal year 2025/26 budget following staffing assessment. • Public Works/Admin Management Analyst — job posting closed and interviews to be scheduled for June 2025. These staffing updates reflect the current vacancy levels within the City. The City currently has 8 vacant positions, representing a 7.49% vacancy rate. Of these, 7 positions are eligible for LQCEA membership, accounting for a 6.55% vacancy rate, which remains below the 20% threshold required for additional reporting. 328 Recruitment and Retention Efforts The City continues to evaluate recruitment and retention strategies to improve vacancy rates while ensuring staffing decisions align with operational needs and financial responsibility. Where needed, assessments have been conducted and will continue to be performed to determine if positions remain essential as work tasks evolve, ensuring fiscal responsibility in workforce planning. While additional programming for recruitment and retention will be explored, the City has already implemented several enhancements over the past year. These efforts include improving job bulletins, expanding job postings to reach a broader candidate pool, and shortening the City's salary schedule to remain competitive with other cities in the valley. Additionally, HR seeks to keep the City competitive as an employer by conducting regular surveys of local city salary and benefits packages and comparing positions to similar roles. Prepared by: Alcadia Carla Triplett, Human Resources Deputy Director Approved by: Jon McMillen, City Manager 329 330 c4aQ"(ra - M qW UISIRT - DEPARTMENTAL REPORT ITEM NO. 3 STVR QUARTERLY REPORT THE STVR PROGRAM CONSISTS OF PERMITTING, LICENSING, TAX COLLECTION, AND COMPLIANCE MONITORING AND ENFORCEMENT PERMITTING Number of STVR Permits. 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. March 2025 - Total STVR Permits: 1,256 (Estate Permits: 71) 1 lad 1000 500 0 Homeshares Figure 1 Primary Residence General Permits Active STVR Permits by Area - 2021, 2022, 2023. 2024, & 2025 0-1 JAN-21 JAN-22 JAN-23 JAN-24 MAR-25 North La Quinta 140 115 110 110 112 Mid La Quinta 148 122 92 90 91 The Cove 292 252 236 226 224 South La Quinta (PGA West) 470 354 317 - 301 281 ft Table 1 331 COMPLIANCE Complaints: Q-12024 Q-2 2024 Q-3 2024 Q-4 2024 Q-12025 The Code Compliance Department handles all compliance related matters for the STVR program, which includes managing complaints, conducting investigations, and taking enforcement actions, such as issuing notices of violations, administrative citations, and STVR permit suspensions. 2024 & Q-12025 STVR Complaints Citywide by Area U ZU 4U 6U bu 1UU 1ZU 14U 16U North LQ E Mid LQ Cove 0 South LQ (PGA West) E Exempt Areas Figure 2 3 Complaints: January - March 2025 Permitted vs. Unpermitted 7.5 5 2.5 L 150 100 50 0 Figure 3 JAN-25 FEB-25 MAR-25 Permitted Unpermitted YOY Quarterly Complaints: 2022 - 2024 1 r-Q Q-1 Q-2 Q-3 Q-4 2022 0 2023 2024 0 2025 333 Figure 4 Citations: RIJ 2024 & 2025 Q-1 STVR Citations: Permitted vs. Unpermitted Q-12024 Q-2 2024 Q-3 2024 Q-4 2024 Q-12025 _ Permitted Citations Unpermitted Citations Figure 5 Figure 6 shows the vast majority of citations in 2024 30 and 2025 Q-1 were issued for administrative matters, 20 primarily for operating and/ or advertising without an STVR permit: 10 - 75% in 2025 Q-1 - 70% in 2024 0 Figure 5 shows the majority of citations in 2024 and 2025 Q-1 were issued to unpermitted properties: - 75% in 2025 Q-1 - 69% in 2024 2024 & 2025 Q-1 STVR Citations: Administrative vs. Disturbance Q-12024 Q-2 2024 Q-3 2024 Q-4 2024 Q-12025 Administrative Citations . Disturbance Citations Figure 6 334 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, 2024, and 2025 Q-1. STVR Annual Revenue Summary: 2020 - 2024, & 2025 Q-1 Transient Occupancy Tax Revenue (TOT) $4,513,085 $5,921,344 $6,586,848 $6,179,125 $5,747,595 $1,573,592 'Citation Fine Collections: $327,112 $447,950 $180,750 $242,592 $71,739 $15,833 STVR Permit Fee S30T781 $758,780 S943 1550 $957,750 S924.500 S250.403 STVR Permit Inspection Fee S9 425 $1,950 S1 300 $1,950 S1 950 SO STVR Permit Business License Fee (estimated 2020. 2021, 202Z S55. 000 $50,000 $47,000 S50,786 $51.064 S13 119 Total STVR Permits/Licensing Fees: $372.206 $810.7301 $991,450 $1,010,486 $977.514 $263,522 Table 2 *Citation Fine Collections are current as of April 1, 2025 335 ta GiKra CALIFORNIA FRED WARING DR � Syl1 Z 1 O� z_ x F. 48TH AVE 50TH AVE ;r CALLE Dt/RANGO C) o g s z z L o w z z w w Q CALLE TECATE February 2025 ATTACHMENT 1 STVR AREAS STVR Exempt Areas ip 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 / SilverRock Resort Specific Plan 7 Club at Coral Mountain Development Agreement (Ordinance No. 613) 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 Polo Villas Residences Development Agreement (Ordinance No. 599) 13 Bravo Estates Development Agreement (Ordinance No. 620) 14 Mery Griffin Estate Estates at Griffin Lake Specific Plan 15 ITravertine IDevelopment Agreement (Ordinance No. 617) 16 151555 Madison Street lLarge Lot Qualified & Certified; Resolution No. 2024-011 17 151215 Avenida Obreqon I Large Lot Qualified & Certified; Resolution No. 2024-012 z 52ND AVE to* 58TH AVE 54TH AVE 3 n 0 0 z AIRPORT BLV m City Boundary STVR Exempt Area 0 STVR Exempt Area - Large Lot Qualified & Certified City Areas North La Quinta C, Cove Mid La Quinta South La Quinta N 336 0 1 2 Miles ATTACHMENT 2 Number of Permitted STVR Properties per Development 1,256 Active STVR Permits as of 03/31/2025* North La Quinta Cove Acacia 11 The Cove 223 Bella Vista 9 Large Lot Qualified & Certified 1 Cactus Flower 10 Cove Total STVR Permits 224 Del Rey 3 Desert Pride 11 Mid La Quinta Indian Springs Neighborhood 6 Avenida La Fonda Neighborhood (Desert Club TR Unit 2) 2 La Quinta Del Oro (Not Gated) 7 Calle Fortuna Neighborhood (Desert Club TR Unit 1) 3 La Quinta Highlands 13 Desert Club Estates (Desert Club TR Unit 5) 17 Marbella 5 Enclave 1 Monticello 10 Haciendas at La Quinta 1 Quinterra 2 Highland Palms Neighborhood 15 Rancho Ocotillo 3 Montero Estates (No HOA) 1 Sonrisa 7 Large Lot Qualified & Certified 1 Topaz 10 Renaissance 1 Vista Grande 3 Sagebrush Neighborhood (Desert Club Manor TR 1) 6 Westward Ho/Westward Shadows 1 Santa Rosa Cove 42 Westward Isle 1 Seasons at La Quinta (Residential) 1 North La Quinta Total STVR Permits: 112 Mid La Quinta Total STVR Permits: 91 South La Quinta Estates at La Quinta 1 Exempt Casitas Las Rosas 74 Homewood Suites (La Quinta Desert Villas) 1 Legacy Villas 216 Mery Griffin Estate 1 La Quinta Fairways 4 PGA West -.Signature 156 PGA West: Fairways 88 Polo Villas 18 PGA West: Res 1 126 Puerta Azul 40 PGA West: Res 11 58 Spa Villas at LQ Resort 10 Village at the Palms 4 Tennis Villas 32 South La Quinta Total STVR Permits: 281 Exempt Total STVR Permits 548 *This information is current as of March 31, 2025 and is updated on a quarterly basis 337 24/7 STVR HOTLINE - (760) 777-7157 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* HOTLINE VENDOR ANSWER CALL TO HOTLINE IS D GATHERS COMPLAIN RECEIVED ffROPERTY INFORMATION CALLER CALL TO HOTLINE IS MrOTLINE VENDOR ANSWERS CALL AND RECEIVED ATHERS COMPLAINT AND PROPERTY INFORMATION FROM CALLER TY CODE OFFICER IS DISPATCHED TO ZOPERTY. DEPENDING ON SITUATION, LOCAL CONTACT MAY BE CALLED** CITY CONTRACTED SECURITY PATROL OFFICER IS DISPATCHED TO PROPERTY. DEPENDING ON SITUATION, LOCAL CONTACT MAY BE CALLED** HOTLINE VENDOR CONTACTS LOCAL DNTACT ON FILE FOR STVR PROPERTY ADDRESS COMPLAINT OR SHERIFF'S DEPARTMENTIFNEEDED i 40 REPORTS AND INFORMATIONAL ITEM NO. 33 Palm Springs Airport Commission Report — May 21, 2025, Meeting Discussion and Action Items: Economic Impact Study Development Update — The airport is projected to generate over $2.5 billion in economic activity in FY 2024, 98% of which stays in our region. The complete report will be sent separately with this Executive Summary. Also, this report will be posted on the Airport website. Marketing and Business Development Committee Update —The latest quarterly customer feedback survey resulted in a significant increase in complaints versus the last quarterly report, with the complaints concentrated in the areas of infrastructure needs (terminal crowding; broken elevators / escalators; poor restroom conditions; and limited seating and electric outlets for charging electronics). Marketing Update — April total passengers was 6.3% up from 2024, a fourth monthly record in CY 2025. As part of the two-year process to overhaul PSP concessions program which included five new retail locations and seven new food and beverage sites, Paradies opened Vino Volo on May 81h. Also, the Cactus to Clouds restaurant is now open. Financial Update — Four capital projects grants totaling about $50 million which were previously cancelled, are on track to be reauthorized at the federal level. Projects and Capital Improvement Program Update — For the Bono Concourse escalator project, since it has been determined that reconstruction is not feasible, an engineering firm has been tasked with preparing costs and efforts required for a full replacement. The recent Outbound Airport Baggage Handling System In -Line Screening project had only one bid, and it was over $10 million over the $75 million engineer's estimate. After rejecting the bid and revising the bid documents and design specifications for re -bid, seven companies recently attended the new bid walk, and bids are due on May 28th Executive Director Report — A new project has been launched for a Customs and Border Protection and Federal Inspection Station (FIS) Strategy. The airport's consulting firm InterVISTAS to been directed to formally request Customs and Border Protection (CBP) resources at PSP with the aim of supporting international air service. InterVISTAS work will include the analysis to justify sufficient demand and economic benefit to warrant this expansion. Staff from PSP and Visit Greater Palm Springs are working together on this initiative. A formal request for CBP resources will eventually be made to the CBP Headquarters in Washington, D.C. PSP staff caution that a positive response to PSP's request is highly dependent upon Congressional funding priorities, which may prolong the process. It was verbally mentioned that a temporary Federal Inspection Station (FIS) project is hopefully going to move forward to be set up by this July. However, the federal staffing is short by about 7,000 employees nationwide, so trying to get priority is going to be difficult. Next Commission Meeting: June 18, 2025, at 4:00 PM 2025 Airport Commission Calendar — Future planned meetings on 6/18, 7/16, 9/17, 10/15, 11/19, 12/10. 339 nw alm ss ► ppring INTERNATIONAL Al RPORT AIRPORT COMMISSION MEETING AGENDA Airport Conference Room, Palm Springs International Airport 3400 E. Tahquitz Canyon Way, Palm Springs, CA 92262 Wednesday, May 21, 2025 — 4:00 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, 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 Iocation(s): Commissioner Kevin Wiseman — Palm Desert 71703 Highway 111 Rancho Mirage, CA 92270 Each location is accessible to the public, and members of the public may address the Airport Commission at any of the locations listed above. Any person who wishes to provide public testimony in public comments is requested to register for the Public Comments portion of the meeting. You may submit your public comments to the Airport Commission electronically. Material may be emailed to: Tanya.Perez@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: Kevin J. Corcoran Todd Burke —Chairman —Vice Chairman Margaret Park Christian Samlaska Kevin Wiseman Dave Banks J Craig Fong City of Indian Wells: Robert Berriman City of Coachella: Denise Delgado City of Rancho Mirage: Keith Young Daniel Caldwell Ken Hedrick Bryan Ebensteiner Tracy Martin City of La Quinta: Geoffrey Kiehl City of Desert Hot Springs: Dirk Voss City of Indio: Rick Wise David Feltman Samantha McDermott Palm Springs City Staff Scott C. Stiles, ICMA-CM Harry Barrett Jr., A.A.E. Jeremy Keating, C.M. City Manager Executive Director or Aviation Assistant Airport Director 1. CALL TO ORDER — PLEDGE OF ALLEGIANCE 2. POSTING OF AGENDA 3. ROLL CALL 340 Airport Commission Meeting Agenda May 21, 2025 — Page 2 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 February 19, 2025. 7. INTRODUCTIONS AND PRESENTATIONS: 7.A Jason Hodges - Innovation and Strategic Implementation Administrator 7.13 David Hoffman — General Manager - Marshall Retail Group, LLC (WHSmith) 7.0 Danielle LaClair — General Manager — Paradies Lagardere, Inc. 7.11) Sharon Sarmiento, PH.D. — Senior Vice President Economics & Forecasting — Unison Consulting 8. DISCUSSION AND ACTION ITEMS: 8.A Art Curator Update 8.B Lobby Space Update 8.0 Economic Impact Study Development Update 8.D Marketing and Business Development Committee Update 8.E Boards and Commissions Special Joint Meeting Update 8.F Marketing Update 8.G Future City Council Actions Update 8.H Financial Update 8.1 Employment Update 8.J Projects and Airport Capital Improvement Program Update 9. EXECUTIVE DIRECTOR REPORT 10. COMMISSIONERS REQUESTS AND REPORTS 11. REPORT OF COUNCIL ACTIONS: 11.A Past City Council Actions 12. RECEIVE AND FILE: 12.A Airline Activity Report April 2025 12.13 Airline Activity Report Fiscal Year Comparison 13. COMMITTEES: 13.A Future Committee Meetings 13.13 Committees Roster 341 Airport Commission Meeting Agenda May 21, 2025 — Page 3 14. ADJOURNMENT: The Airport Commission will adjourn to the Regular Meeting on June 18, 2025, at 4:00 P.M. AFFIDAVIT OF POSTING I, Harry Barrett, Jr., Executive Director of Aviation, City of Palm Springs, California, hereby certify this agenda was posted on May 15, 2025, in accordance with established policies and procedures. 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. 342 PALM SPRINGS INTERNATIONAL AIRPORT ECONOMIC IMPACT A new economic impact study confirms the vital role PSP plays as a powerful economic engine for our region — supporting thousands of jobs, generating billions in local economic activity, and delivering hundreds of millions in tax Q2e5B+ revenue to the Coachella Valley and beyond. Total Economic Impact (FY2024) 419p 18F377 JOBS SUPPORTED L $105B VALUE ADDED (GDP) 5 !$864M WAGES PAID $382M TAX REVENUE ao� 0I�l $13B SPENT BY TRAVELERS _.AwI 98% STAYS LOCAL PSP is investing in the future with major improvements that will enhance the travel experience, expand capacity, and support long-term economic growth. In the next 10 years, projects like a new concourse, rental car center, and international facilities will create jobs and deliver lasting benefits to the Coachella Valley. 060 �Ih 9,800 JOBS CREATED OVER 10 YEARS a O $1o8B FUTURE ECONOMIC IMPACT 3 $641M FUTURE WAGES $253M NEW TAX REVENUE 343 WRITTEN PUBLIC COMMENTS CITY COUNCIL MEETING JUNE 392025 CITY COUNCIL MEETING - JUNE 3, 2025 - WRITTEN PUBLIC COMMENTS BY RESIDENT MARY MANN PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA - REGARDING CLUB AT CORAL MOUNTAIN SPECIFIC PLAN 2003-067 La Quinta City Council 3 June 2025-Public Comment Items not on agenda Topic: Recall Specific Plan Specific Plan 03-067 Amendment 5-Halt the building of the proposed barrier fence and plan for public recreation Speaker: Mary Mann La Quinta CA 92253 mobile Coral Mountain should be the Gem of La Quinta and gateway to the Santa Rosa Wilderness area. There is a wonderful opportunity here for the City of La Quinta and its leadership to engage with the surrounding landowners and stakeholders including a new community of residents that now lives in south La Quinta. I want to see my City take a good look at this area south of Avenue 54, how it has grown and changed under the current general plan and what will be needed for the future. The City can lead to encourage development that allows for and embraces the natural environment, allowing for enjoyment and access to the Wilderness on our western boundary that so many of us crave. This is in direct alignment with the City Mission Statement and several of the Goals set forth in the Strategic Plan. The area in question is a local haunt for seeking solace in the desert, hiking, mountain biking, walking dogs, playing, flying, hot air balloon launches! It is accessed by increasing numbers of people, noticeable even in the few years since we moved in. There is character and solidarity we are building in this neighborhood and community, despite being behind walls and being >6 miles from any City amenities. Once the Developer leaves we are in blocks of isolated homes, all responsible for our own maintenance. This may look good on paper at the outset, but it is ultimately damaging to our bottom line, community, and quality of life. The risks associated with water supply, natural disasters, maintenance of infrastructure that will be borne directly bythe City, CVWD, IID, County of Riverside and our neighbors in Indio and the City Sphere of influence as well as the ultimate new homeowners in the community. These are long-term ongoing costs and risks that have not been considered. Take the time and effort to develop plans for how our City will interface with natural open space, providing low impact benefits to citizens and visitors. These efforts in community building and allowing the public, stakeholder agencies and groups to create a plan that could make Coral Mountain the Gem of La Quinta will be rewarded in civic pride and attraction to the area. I point to numerous new events such as the Iron Man, which will attract lovers of sport and the outdoors. How can we provide ways for these events to continue and host these visitors in such a way that they will want to come back or stay? One way is to provide amenities that are accessible and open to the public. Places for people to get out, explore, experience the desert, have a picnic, take a hike, ride a bike. A few other comments I have sent to Recreation District President and Manager: I am writing to get information on the status and plans for the Coral Mountain Regional Park. From what I have been able to glean online whatever plans for this new DRD community resource have been stalled and the BOR agreement it is tied to may be expiring. La Quinta is going forward with building private golf course development under a specific plan amendment that was soundly opposed by the community at the time. Under the plan for the new development, there are several references to the pending DRD park facility as mitigation of the adding of people, infrastructure and cutting off of public access for recreation. Despite this, there did not seem to be any partnership opportunity extended to the DRD to create a facility that will accommodate the needs of this part of the District and City of La Quinta. The one agreement that DRD signed with the developer to build a trail would be negated if the BOR agreement expires. This would mean the loss of the one concession the developer was asked to provide to maintain even minimal access to the public to lands that have been identified as unique in many respects, geologically, ecologically, have historically and currently provided desert recreation opportunities for the whole Valley and beyond. In particular an 8' high fence that received no vetting on its effectiveness for the stated purpose of protecting sheep and its path ignores the unique archaeological and ecological features it would bisect. Damage to this would have a detrimental effect on the planned conservation efforts of DRD that are revealed in the initial planning for the Coral Mountain Park. We have added hundreds of people to this part of the Valley (South La Quinta, Indio) in only a few years with many new private developments but the Cities (La Quinta in particular) have not been compelled to provide any public recreation facilities or even planned for these. There does not seem to be any planning for maintaining access around Coral Mountain for exploration and entering into the Santa Rosa Wilderness. We desperately need to get an integrated plan together. There are many agencies involved, DRD, City of La Quinta, Indio, Riverside County, BLM, BOR, CVWD, IID, Tribes. Riverside County and partners are investing a lot into upgrades to the Lake Cahuilla Park. I have not seen that La Quinta has been proactive at all in planning for new recreational visitors to the area. We truly need a facility that would be the Gateway to the Santa Rosa wilderness and offer a trail head, picnic and staging area, parking, restrooms. This is already a popular area for mountain biking, hiking, horseback riding, exploration of the archaeological and historical artifacts, discovery of desert fauna and flora, off-roading, climbing, dog -walking, horseback riding, prayer and reflection. The use of the area around Coral Mountain has increased dramatically even in the short time I have lived in this particular spot in the Valley. It is now critically important that the District bring this Coral Mountain Regional Park project back to the top of the list. So reaching out to you to see if you may see a way to activate discussions in the District and with other government entities to plan for development of the Coral Mountain Regional park, or find other groups, citizens who can assist in opening a dialogue around planning for saving of our existing desert recreation opportunities at Coral Mountain and Santa Rosa Wilderness and providing facilities required to accommodate increased use in coming years. CITY COUNCIL MEETING - JUNE 3, 2025 - WRITTEN PUBLIC COMMENTS FROM COLONEL PAIGE MIDDLE SCHOOL BUSINESS SESSION ITEM NO. 1 - COMMUNITY SERVICES GRANTS 3RD ROUND FY 2024-25 - MURAL From: Donaldson, Sara <sara.donaldson@desertsands.us> Sent: Tuesday, June 3, 2025 11:01 AM To: City Clerk Mail Subject: Written Public Comment 6/3/25 Regarding item FY 2024-25 Community Service Grants — 3rd Round Dear La Quinta City Council, As a staff member at Colonel Mitchell Paige Middle School, I am requesting the reconsideration of awarding grant funds to the Desert Sands Educational Foundation to assist our school in funding our new mural. We have been through a rigorous process the past two years to not only rebrand, but redesign what our school looks like physically, academically, and culturally. While the mural is not a curricular program or material used within a classroom, it represents buy into their education and be proud of their accomplishments. As a teacher of 13 years, I can confidently say that the hardest part about being in education currently is that student motivation to even come to school has plummeted since COVID. Furthermore, when students are at school, they find it difficult to see how their learning applies to their everyday life. With a mural that is not only designed by a local artist, but also representative of our students' community, we will be representing our new design principles of building positive communities, using collaborative design, and being inclusive. Academically, this is a large project that we can tie into, along with working alongside the artist, our project -based learning initiative next year. We want students to be proud of their school, excited to be here every day, and motivated to learn and contribute back to the community within the city of La Quinta. Thank you, Sara Donaldson Colonel Mitchell Paige Middle School La Quinta, CA CITY COUNCIL MEETING - JUNE 3, 2025 - WRITTEN PUBLIC COMMENTS FROM COLONEL PAIGE MIDDLE SCHOOL BUSINESS SESSION ITEM NO. 1 - COMMUNITY SERVICES GRANTS 3RD ROUND FY 2024-25 - MURAL From: Loaiza, Michael <michael.loaiza@desertsands.us> Sent: Monday, June 2, 2025 2:08 PM To: City Clerk Mail Subject: Written Comments Michael Loaiza, La Quinta, My name is Michael Loaiza, and I serve as the school counselor at Colonel Mitchell Paige Middle School. I'm writing with deep hope and respect to ask you to reconsider our grant application —an opportunity to create something truly special for our students and community. This past year, our school has undergone a transformation —one rooted in identity, purpose, and belonging. Our students have been asked to dream bigger, to lead with heart, and to believe they matter. Now, we want to give them a permanent symbol of that belief. The mural we propose —created by a local artist —will be more than paint on a wall. It will be a daily purpose. It will reflect the spirit of La Quinta and celebrate the legacy of Colonel Paige in a way that resonates with this generation. We ask you to help us bring this vision to life —not just for today's students, but for every child who walks these halls in the years to come. With sincere gratitude, Michael Loaiza School Counselor Colonel Mitchell Paige Middle School CITY COUNCIL MEETING - JUNE 3, 2025 - WRITTEN PUBLIC COMMENTS FROM COLONEL PAIGE MIDDLE SCHOOL BUSINESS SESSION ITEM NO. 1 - COMMUNITY SERVICES GRANTS 3RD ROUND FY 2024-25 - MURAL From: Markson, Robin <robin.markson@desertsands.us> Sent: Tuesday, June 3, 2025 8:49 AM To: City Clerk Mail Subject: Public Comment for 6/3/2025 Dear Mayor Evans and Honorable Councilmembers, Good evening. My name is Mrs. Markson, I live in La Quinta and I have the privilege of serving as the Project Teacher at Colonel Mitchell Paige Middle School. I'm reaching out to respectfully ask that you reconsider our grant application for a mural that we believe will be the heart of our school's transformation. Over the past year, our students have been deeply involved in reimagining what it means to be a Paige Eagle —what it means to belong, to lead, and to look toward the future. They've helped shape our mission, our visual identity, and our culture. But there's energy, hope, and pride that's growing on our campus. This isn't just about beautification. It's about giving our students something permanent and visible that reflects who they are and the potential they carry. A mural is a powerful teaching tool —one that can inspire, spark conversation, and connect students to their school and city in a lasting way. We're proud of how far we've come, and we're excited for where we're going. I hope you'll see this mural notjust as art, but as a symbol of what's possible when young people are empowered to shape their environment and their story. Thank you for considering our request. Robin Markson Project Teacher Colonel Mitchell Paige Middle School 43-495 Palm Royale Drive La Quinta, CA 92253 760-238-9710 Extension 42113 FAX: 760-345-1202 "We cannot change the cards we are dealt, just how we play the hand." --Randy Pausch What lies behind us and what lies before us are tiny matters compared to what lies within us. Emerson CITY COUNCIL MEETING - JUNE 3, 2025 - WRITTEN PUBLIC COMMENTS FROM COLONEL PAIGE MIDDLE SCHOOL BUSINESS SESSION ITEM NO. 1 - COMMUNITY SERVICES GRANTS 3RD ROUND FY 2024-25 - MURAL From: Triplett, Brooke <brooke.triplett@desertsands.us> Sent: Tuesday, June 3, 2025 8:56 AM To: City Clerk Mail Subject: Public Comment for Council Meeting Good Morning, I wanted to take a moment to express my desire to support Colonel Mitchell Paige Middle School and the mural we are requesting funding for. I joined CMPMS in December of 2023. When I first arrived at the school, there were many challenges --but a lack of sense of belonging by both staff and students was something I noticed right away. Under new leadership at the school, we proposed a reimaging/rebranding process. This process has taken many hours, feedback from students, staff, parents, and community members. We have poured over what is best for our students because we want Paige Middle School to be THE middle school of choice in our valley. We have spent the last year pouring our hearts and souls into building a new school for our students --not just in name and appearance, but also from the foundation up --focusing on design centered processes, new mission, guiding principles, and yes, at the end a new mascot and colors. This new mascot is a symbol and representation for our school of all the work and all the change we have made, and will continue to make, for many years to come. It is the finished product and final piece of a long journey and an exciting fresh start and future for our school. I kindly ask you to consider helping to fund the new mural. It will serve for years to come as a reminder to all of us of what we stand for and why we do the hard work every day. It is a point of inspiration and pride for our community and a testament to the values we believe in. Thank you. -Brooke Triplett, Assistant Principal CMPMS Brooke Triplett Assistant Principal of Colonel Mitchell Paige Middle School 43-495 Palm Royale Drive, La Quinta, CA 92253 (760) 238-9710 COLONEL LE SCHOOL PAIGE Colonel Mitchell Paige is a respectful, supportive, and engaginglearnin environme MIDDLE SCHOOL 9 P pp 9 where staff, families, and community prepare students for their next steps. HAND OUTS CITY COUNCIL MEETING JUNE 33 2025 CITY COUNCIL MEETING - JUNE 3, 2025 - HAND-OUT BY STAFF CONSENT CALENDAR ITEM NO. 6 - AGREEMENT WITH VINTAGE ELECTRIC FOR ON -CALL ELECTRICAL SERVICES Compensation for properly authorized Additional Services shall be made in accordance with Section 2.3 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. t►��Z� ►�y_rr[�7� 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 annual amount not to exceed Two Mailmen and QneThree Hundred Thousand Dollars ($ 00,000) ("Contract Sum") per fiscal year, for the life of the Agreement, encompassing the Initial and any Extended Terms, 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 -3- 81 CITY COUNCIL MEETING - JUNE 3, 2025 - HAND-OUT BY GREEN ROOM THEATRE ARTISTIC DIRECTOR DAVID CATANZARITE BUSINESS SESSION ITEM NO. 1 - COMMUNITY SERVICES GRANTS 3RD ROUND FY 2024-25 GREEN ROOM T H EAT R E VALLEY CHELLA SETTING THE STAGE STRATEGIC ioi"s FOR OUR NEXT GREAT ACTS GREEN ROOM L1A T H EAT R E c0"A January,2024 Greetings, theatre and dance enthusiasts and friendaccomplishments The Strategic Plan showcases our many and unique vision: Green Room Theatre Company Coachella Valley is the only theatre company in the region that brings top-quality ballet report reviewedtheatre a repor training from the World professional performances and top-q Y a ement with theatre and dance powers directly to under-resourced neighborhoods. Recently, g take note that for Health Organization showing up brain development for children as early as preschool. Business leaders, plus s occupational well-being in the workplace. adults the lively arts bolster overall health, even demonstrates that lively arts fortify end -of -life caregivers an The comprehensive study stimulate brain activity in seniors with dementia. regardless n their ability to is now entering its fifteenth season. We originally founded the Green Room Theatre Company for Promising young artists, g of company to provide quality training P nonprofit theatre with an annual budget pay. Since then, we have burgeoned into a thriving around $500,000 for the current season. April 2023, we were recognized by Beyond Award for service to Last season yielded several "Angels On Earths with an Above and Ci Hall. Since June 2023, we Angel Light Academy as for two highly innovative theatre projects. We're devising a desert kids. The City of Coachella gave Green Room an office in e city of Palm Springs have received mayor grant funding families from their homes in what is o f a bilingual la focused on the controversial "Section 4" evictions in 1965 when t • on ow the play Latinx and Filipinoroductr forced hundreds of Black, Against Bull ing" project combines a touring prith oduction discussion center of town. Our "Act Y Magalita—winner of the Kennedyo negotiatedt er f our largestman ontract ever to play, Maggie ar groups targeting high -risk teens. Karen Lin a the cultural riches of ballet folklorico to local elementary and middle schools in East Valley. support we have from fellow artists, the governments, and foundations. But our achievements are also Green Room's success stems from the wonderful supp Board of Directors, Advisory nonprofit world, educators, local due in large part to the tireless work of our professional staff, ears will bring. We aPPreciate all Board, and volunteers. the next theatre and We hope you're as excited as we are to see `^'h �i hed and look forward to advancing that our Strategic Planning Team has accomp dance together in the fascinating desert community that we call home. Kind regards, Kave ' fin Executive Artistic Director Founding President WHAT IS THIS STRATEGIC PLAN? This Green Room Theatre Company Coachella Valley (GRTCCV) Strategic Plan de- scribes our mission and our vision and then lays out a road map to fulfill that vision. The "mission" is our unique role to serve the community. The "vision" describes the growth and accomplishments we have yet to achieve as an organization. Goals and objectives follow to guide our route to fulfilling our vision. The Strategic Plan is aimed at several different audiences our accomplishments and direction to potential partner organizations and funders. A more detailed version of this summary document will help current staff and the Board of Directors focus their efforts to achieve maximum impact. It also provides metrics to eval- uate their efforts. It should communicate Touring production of The Gift of the Magi The Strategic Plan is a living document. It can be visited regularly by staff and the Board of Directors to guide policy decisions and evaluate the results of our work. It should be revised every two to three years to respond to changing circumstances. OUR MISSION To bring professional theatre and dance performances and education directly to under-resourced communities, enhancing literacy, job skills, and community connections. F! OUR VISION GRTCCV will be recognized... as a key contributor to the cultural life, well- being, and sense of community of the Coachella Valley. Green Room will be recognized for its accomplishments and innovations, annually reaching hundreds of under -served adults, youth, and children. It will inspire the next generation of theatre -makers and theatre -goers —especially in the East Coachella Valley and Desert Hot Springs —to achieve artistic and personal growth. Leadership, staff, and volunteers will be highly creative and active in addressing diversity, equity, and inclusion. BOUQUETS(with appreciation) BOARD OF DIRECTORS Karen Lin President Chris Manes, Esq. Legal Affairs Specialist Lissette Santiago Public Affairs Specialist Rita Gonzales Vice President Dee Childs, MBA Treasurer Sonia Rodriguez Secretary David Anderson Human Resources Specialist David Catanzarite serves as a non -voting advisor to the Board STRATEGIC PLAN TASK FORCE* Connie Golds Nonprofit Consultant, Past CEO, NPO Centric Susan Francis Past President and CEO, John F. Kennedy Memorial Foundation Gregg Arends Volunteer Advisor, SCORE (Senior Service Corps of Retired Executives) Kathy Lambert Communications Director, Desert Horizons Country Club, former Membership Director, Greater Coachella Valley Chamber of Commerce Rosalin Schiller Board member, Desert Community Foundation and Senior Financial Advisor, Merrill Lynch MAJOR FUNDERS ■ RAP Foundation a California Arts Council STAFF David Catanzarite Executive Artistic Director Karen Lin, Founding President and Ballet Folklorico Director Kennan Vorwaller Administrator Rebecca Rodriguez Education Program Manager Frank Markowitz Grants & Strategic Plan Coordinator Julian Perez Social Media & Graphics Coordinator Leigh Tomasko Support Staff Lissette Santiago Graduate Student in Journalism at Harvard University,- GRTCCV Board Member and Past Public Information Officer, Coachella Valley Unified School District. Sandra Acosta Area Manager, Barrett Business Services Inc., Greater Coachella Valley Professor Kathryn Ervin Professor Emeritus, California State University, San Bernardino, Department of Theatre Arts; Past President Black Theatre Network; Chair, San Bernardino County Arts Council. * Affiliations are just for background information. Members do not represent their employers. ■ Riverside County Nonprofit Assistance Fund ■ Anderson Children's Foundation ■ Inland Empire Community Foundation ■ Western Wind Foundation KEY ACCOMPLISHMENTS Green Room Theatre Co. has supported the artistic growth of hun- dreds of Coachella Valley youth and adults while achieving artistic excellence. Its summer conservatory and other classes annually enhanced the creativity of dozens of young people while providing valuable job skills. GRTCCV has presented numerous innovative plays with thought -provoking approaches, often in non-traditional settings, in a successful effort to bring theatre close to residents. GRTCCV has also mounted 16 Shakespeare productions, includ- ing two fully staged productions. Since 2022, our Ballet Folklorico classes have brought the cultural treasures of this unique art form to local elementary and middle school students. RECENT HIGHLIGHTS ■ Above & Beyond Leadership & Community Service Award to GRTCCV Founders from the Angel Light Academy of La Quinta, April 2023 ■ Several Desert Theatre League Desert Star Awards including Best Production, Best Director, Best Actor and Actress, and others ■ Awarded Coveted Creative Corps Grant for "Section 14" Devised Play • Trained Hundreds of Coachella Valley Youth in Theatre Arts regardless of income • Provided Over $90,000 in Internships and Scholarships to our youth training programs ■ Ballet Folklorico Training for Hundreds of Students in Indio Touring production of Novio Boy PROJECTS AND PRODUCTIONS "Act Against Bullying" Project combines a pro- duction of the award -winning bi- lingual play Maggie Magalita with student discus- sion groups, which focus not just on bullying, but on related issues of immigration, cultural pride, and family relationships. The project is aided by our stellar partners, youth mentoring organizations Boo2Bullying, and the Ophelia Project. "Section 14" Project is devis- ing (developing) a new play through an exciting artistic collaboration, focusing on a controversial 1960s episode when the City of Palm Springs forcibly evicted hundreds of Black, Latinx, and Filipino fam- ilies from their homes in what was to become the downtown area. The playwright, director, actors, and designers will cooperate with an Advisory Committee, including social justice advocates, histor- ical experts, arts administrators, and other stakehold- ers. Ballet Folklorico Training has expanded greatly to bring the cultural riches of this Mexican tradition to elementary and middle school students in un- der-resourced schools. This effort enhances student self-esteem and pride while strengthening family connections. THEATRE/DANCE PROJECT Year 1 As of Fall 2023 2023-24 Act Against Bullying Preliminary development "Section 14" Devised Play Preliminary development Shakespeare and Bilingual Classics Presented As You Like It Ballet Folklorico Training Hiring instructors Theatre Classes Hiring instructors Other Theatre Productions Selecting plays Production & youth discussion groups Partly funded ' Social issues — play development & staged readings Staged reading of As You Like It Classes at 6+ Schools. Start supplemental program outside schools. 2+ Classes Unfunded None PLANNED DELIVERABLES Year 2 Year 3 2024-25 2025-26 Expanded production & youth discussion groups Workshops & full production Staged reading Full Production of 1 Play Classes at 8+ Schools Expand supplemental program beyond school instruction. 4+ Classes Classes at 10+ Schools Expand supplemental program. 6+ Classes Year 4 Year 5 2026-27 2027-28 Full Production of 1 Play Winter and 1 Staged Reading Shakespeare Festival Classes at 12+ Schools. Classes at 12+ Schools. Expand supplemental Expand supplemental program. program. 6+ Classes 6+ Classes 2 other productions 3 other productions 3 other productions 3 other productions KEY STEPS TO Support a dynamic, diverse Board of Directors committed to fundrais- ing and with expertise in areas such as financial management, legal affairs, human resources, publicity, and marketing. OIncrease fundraising: Develop a systematic program to increase business and individual donations, aiming for $500,000 annually within five years. Strengthen the existing successful grants program, aiming for $300,000 annually within five years. Hold or participate in at least four annual fundraising events. © Enhance permanent staff: Hire a full-time Managing Director by Year 3, responsible for overseeing business affairs Convert the mostly volunteer Artistic Director position to a paid, part-time position by Year 3 Hire a part-time Volunteer Coordinator by Year 3 Hire an Education Manager, part-time by Year 3, full-time by Year 5. Hire a Marketing Intern by August 2024. Achieve Small Professional Theatre status with Actors Equity Associa- tion by Year 5. ACHIEVE OUR VISION Lease or purchase performance and rehearsal space that is clearly identified as primarily for GRTCCV, but balance that visible "home" with continued touring productions that reach diverse neighborhoods (by Year 3). Ballet Folklorico actually needs space in Year 1 for training and rehearsals, especially for students who have progressed beyond school -based (basic) instruction. Ideally, this would be a community -friend- ly dual-purpose space (e.g., combined with an art gallery or restaurant/coffee house). Achieve high visibility to the community, potential funders, and possible partner organizations, through mass media, so- cial media campaigns, and special events (starting in Year 1). Partner with organizations that can support plays, help con- nect with new audiences and funders, provide space, and/or help with publicity (starting in Year 1). Partnerships with youth mentoring, health care, and Latinx/immigrant organizations are especially desirable. v� Z RAVE REVIEWS Susan Francis, Past President and CEO of the John F. Kennedy Memorial Foundation: "I've known of the excellent work of GRTCCV for several years, and 1 have watched you grow. I see the great value of your theatre projects as you have brought theatre to many new performers and audiences." Daniel Martinez, Principal of Roosevelt Elementary School, offers this testimonial: "Many parents shared their gratitude to Ballet Folklorico for motivating their children to learn new dance steps, for modeling traditions, and for a culminating activity that filled their hearts. Our students gained an experience they will never forget and cherish throughout their life." Theatre ComPa^Y Green Raom Proudly Celebrates 1%5 A � gEgiTiG , Y Patti Gribow, a television producer and actress active in the Ophelia Project: "GRTCCV are leaders in our community in bringing char- ities together to better the lives of our children in the Valley. I can greatly appreciate the excellence of GRTCCV." ro Announcing.. 2021 SUMMER THEATRE C®HSERVATCRV -- June 21st -July 31s1 Presenting- Romeo �i;! Jiiuct arcs B 12 A Midsummer Night's Dream 3ff, 13.18 Only 5550 for SIv" X R'[f of acting a fine! cc, www.greenroomtheatrecompany org GREEN ROO MTNEATR E COMPANY NOVIO BOY A PLAY BV OARYrs OT0 ca d� S F �6 �i � ✓L „J 6 � ,,6 696 2616 GRTCCV.ORG ENCORE!, ENCORE! Rebecca Luna, Past Executive Director of the Desert Hispanic Cham- ber of Commerce: "7 heartily commend ,. GRTCCV for having such a major impact locally, enhancing literacy, job skills, and community connections." LU77�CNIII Gracie Montano, Grants Man- ager for the Regional Access Project (RAP) Foundation "The impact of their work extends far beyond individuals, contributing to the development of well-rounded, empathetic, and confident young individuals while benefiting the entire community." Jan Pye, Councilmember for the City of Desert Hot Springs and RAP Board member: "i have been quite impressed by Green Room Theatre's performances in Desert Hot Springs. And as a lead worker for the youth mentoring organization, the Ophelia Project, a Green Room partner, I also appreciate how the vision of founders David Catanzarite and Karen Lin responds to critical community needs." CITY COUNCIL MEETING - JUNE 3, 2025 - HAND-OUT BY COLONEL MITCHELL PAIGE MIDDLE SCHOOL BUSINESS. SESSION ITEM NO. 1 - COMMUNITY SERVICES GRANTS 3RD ROUND FY 2024-25 'J3I'VAX" 1'1:0J'1• RECLAIMING OUR IDENTITY: A VISION ROOTED IN BELONGING At Colonel Mitchell Paige Middle School, our transformation is about more than academics —it's about identity, connection, and belonging. For the past year, our students, staff, and families have engaged in a schoolwide reimagination process, grounded in collaboration and purpose. Together, we've answered the question: "Who are we, and who do we want to become?" MISSION Preparing for our future, every day. GUIDING PRINCIPLES • Collaborative Design • Inclusive Learning • Positive Communities • Future -Oriented • Leadership This is our commitment. We are a school where every student feels a sense of ownership, pride, and potential. THE POWER OF A NEW IDENTITY: THE EAGLES In alignment with this vision and in collaboration with our students, staff and community, we transitioned to a new mascot: The Eagles. The eagle represents resilience, leadership, and the courage to rise. It also connects to the legacy of our namesake, Colonel Mitchell Paige, a Medal of Honor recipient and Eagle Scout, whose life reflected the very principles we now instill in our students. Our new identity gives students something to rally behind. It reflects who they are and who they are becoming. It's not just a bol—it's a movement. 1 �l CpL EyL DIDDLE SCHOOL WHY OUR MURAL MATTERS As a centerpiece of our rebranding efforts, we are seeking support to install a professionally designed mural by a local artist that reflects our new identity and community spirit. A mural is a powerful, permanent finished product of our transformation. It will: OUR COMMITMENT b A LASTING LEGACY • Visually honor the values of leadership, equity, and resilience embedded in our design principles. • Foster a daily sense of belonging and pride for students, families, and staff. • Celebrate Colonel Paige's legacy in a way that is modern, meaningful, and relevant to today's students. • Reflect the culture and diversity of the La Quinta community that our school serves. Paige Middle School has invested over $50,000 in our rebranding efforts, including campus banners, flags, signage, spirit wear, and schoolwide events that reflect our new identity. While we've committed substantial resources, we are unable to fund the mural component. We are respectfully asking the City of La Quinta to reconsider our grant application in support of this powerful, one-time investment. The mural —designed by a local artist —will serve as a lasting legacy for our city and a daily reminder to students that they belong, they lead, and they rise with pride and purpose. Commissioned by: /! .Qu tra A111 OKNIA Hydra, 2019 Intersection of Avenida La Fonda and Main St, La Quinta, California VO LTA a- t+. • ie a 1 f �." • a f AAA CITY COUNCIL MEETING - JUNE 3, 2025 - HAND-OUT BY McCALLUM THEATRE VP -EDUCATION KAJSA THURESSON-FRARY BUSINESS SESSION ITEM NO. 1 - COMMUNITY SERVICES GRANTS 3RD ROUND FY 2024-25 McCALLUM THEATRE AND THE CITY OF LA QUINTA KAJSA THURESSON - FRARY VICE PRESIDENT - EDUCATION TILT! A CIRCUS THRILL RIDE BY CIRQUE MECHANICS OCTOBER 9 -10, 2025 • A whimsical theme park, introducing the quirky characters who keep the rides running amid acrobatics, mechanical wonders, and comedic flair • Blends modern circus with American industrial storytelling • Previous show, Zephyr: A Whirlwind of Circus, was a standout hit in McCallum's 2023 Field Trip Series. I GOTTA BE ME! BY 23 SKIDOO & THE SECRET AGENCY OCTOBER 21-23, 2025 • Delivers a high-energy, interactive hip -hop experience blending golden age rap, soul, funk, reggae, and storytelling for audiences of all ages • GRAMMY-winning ensemble • Message celebrates individuality and creativity THE PEKING ACROBATS JANUARY 15, 2026 • Over 30 years with breathtaking stunts, including chair balancing, trick -cycling, juggling, tumbling, and contortion • Performances combine athleticism with traditional Chinese music and modern special effects • Unique display of cultural artistry of Chinese heritage and human agility PIECES OF HOME BY DAN + CLAUDIA ZANES WITH TYREE AUSTIN FEBRUARY 4 -5, 2026 • A social music celebration featuring a lively mix of instruments, harmonies from their Smithsonian Folkways albums • Performances invite audiences of all ages to sing, dance, and connect through music • Hailed as leaders in family music by Time Magazine and NPR JAZZ AT LICOLN CENTER LET FREEDOM SWING FEBRUARY 18, 2026 • Explores the connections between jazz and democracy, inspired by conversations between Justice Sandra Day O'Connor and musician Wynton Marsalis • Introduces key jazz concepts —swing, blues, and improvisation while celebrating early legends like Louis Armstrong, Ma Rainey, and Duke Ellington. THE INVISIBLE BOY BY CHILDREN'S THEATER OF CHARLOTTE APRIL 17, 2026 • Tells the uplifting story of a quiet boy who feels invisible until he discovers friends • Inspire children to explore the world safely and confidently • Based on the book by Trudy Ludwig, illustrated by Patrice Barton GRIMMZ FAIRY TALES BY CHILDREN'S THEATER OF CHARLOTTE MAY 19 • A high-energy hip -hop concert where brothers Jay and Will Grimmz remix classic fairy tales • Hits like Cinderella Remix, Snow White and the Seven Shawties, and Down with Rapunzel bring familiar stories to life with fresh beats and clever twists • An imaginative production delivers a one -of -a -kind concert experience that blends music, storytelling, and humor ESPERANZA (SONGS OF HOPE) BY SONIA DE LOS SANTOS MAY 22 • Shares joyful, bilingual performances inspired by her childhood in Mexico and dream of moving to New York • Songs blend Latin American rhythms like huapango, cumbia, and salsa with North American folk traditions • A Latin Grammy® nominee and Billboard - recognized artist who's performed at major venues including Carnegie Hall, Lincoln Center, and Lol I a pa looza. WCALLU M THEATRE THANKYOU FOR LISTENING! POWER POINTS CITY COUNCIL MEETING JUNE 352025 City Council Regular Meeting June 3, 2025 City Council Regular Meeting June 3, 2025 PUBLIC COMMENT - MATTERS NOT ON THE AGENDA :1 rf City Council Regular Meeting June 3, 2025 CLOSED SESSION IN PROGRESS I, I City Council Regular Meeting June 3, 2025 PUBLIC COMMENT - MATTERS NOT ON THE AGENDA C lei f AAL City Council Meeting June 3, 2025 P1 - SilverRock Development Project Status Update .t,IZ U AL- City Council Meeting June 3, 2025 P2 — La Quinta Art Celebration Summary Presentation November 2024 and March 2025 �. A '•114 ;; . 4 I.A QUINTA ART Ce��,{�ruGov� City Council Meeting June 3, 2025 131 —Approve 3rd Round Community Services Grants 2024-25 Community Services Grant • Grants are awarded to non-profit organizations that serve La Quinta residents and/or the Coachella Valley • Ad -Hoc reviews all grant requests and makes recommendations for grant funding • 1st round -Council awarded $31,000 to nine organizations • 2nd round — Council awarded $29,000 to seven organizations Community Services Grants • Ten organizations submitted grant requests for a total of $49,363 • Organizations applying for the first time are eligible for a Starter Grant which awards up to $500 in funding and if awarded, the organization is eligible to apply again the next fiscal year. • Ad -Hoc recommends funding $40,000 to nine organizations Applicant Requested Committee Recommendation Big Brothers Big Sisters of the Desert $5,000 $5,000 Boy Scouts of America Troop 451 $5,000 $5,000 Children's Discovery Museum of the Desert $5,000 $5,000 Desert Sands Educational Foundation $5,000 $0 La Quinta Youth Sports Association — Desert Shockers $5,000 $5,000 Friends of the Cultural Center — McCallum Theatre $5,000 $4,500 Green Room Theatre Company Coachella Valley $5,000 *$500 Parkinson's Resource Organization $5,000 $5,000 Reynaldo J. Carreon MD Foundation $5,000 $5,000 Tools for Tomorrow $4,363 $5,000 TOTAL $49,363 $40,000 *Starter Grant ace QuiKr(v CALIFORNIA City Council Meeting June 3, 2025 B2 - USE OF CITY SEAL FOR HISTORIC LANDMARK PLAQUE PROGRAM h �,�pp..- 1y Al is c .- �;�__ ( � I • .. !�..— �'�� - _ •y Plaque Program for Designated Historic Landmarks • Two local historic landmark designations in the Cove. • La Quinta Historical Society designed plaques to display on landmark properties and wishes to use the City seal. Plaque Program for Designated Historic Landmarks" • Property owner with a landmark property not required to have a plaque, but could elect to have one if they wish. • Program is entirely administered by the Historical Society. Recommendation Approve the use of the City seal for the Historic Plaque Program administered by the La Quinta Historical Society. F.S. KEENER CASITA 1935 CITY OF LA QUINTA I IL',T'ORICAL LANDMARK NO. I F.S. KIENER CASITA 1935 C I T Y OF LA QUINTA itillORICAI. LANINIARK V, OF LA QLs 1A E.S. KIENER CASITA 1935 Al 1 NNDMn�Y` 77Y pF LA QUINTA E.S. KIENER CASITA f1935 6kLL LANDtAAR� CALIFORNIA City Council Regular Meeting June 3, 2025 133- INTRODUCE AN ORDINANCE UPDATING THE FIRE HAZARD SEVERITY ZONES (FHSZ) PURSUANT TO GOVERNMENT CODE SECTION 51178 AND THE CALIFORNIA FIRE CODE. 1 k;s ; NIA �► t �ldi Purpose of Fire Hazard Severity Zone Updates • State Fire Marshal issued the 2025 recommended FHSZ maps. • These maps identify varying levels of fire hazard. • State law mandates that local jurisdictions adopt FHSZ map. • This process ensures effective implementation. City of La Quinta- Local Responsibility Area Fire Hazard Severity Zone FHSZ Identified by State Marshal Moderate High FHSZ Identified in State Responsibility Area Very High High Moderate Questions • iwa�_ City Council Meeting June 3, 2025 S1 - Discuss Fiscal Year 2025/26 Preliminary Proposed Budget • June 3, 2025 27 28 14 Special Funds • Gas Tax Fund • Lighting and Landscape Fund • Finance Authority Fund • Library & Museum Fund • Measure A Fund • Development Impact Fee (DIF) Funds Capital Improvement Plan ➢ 2025/26 through 2029/30 CIP Plan discussed on April 1, 2025 ➢ Focus on transportation and parks & facilities projects C 4aQa ;4 (r� Discussion & Questions June 4 Financial Advisory Commission Measure G Sales Tax Use June 11 Housing Commission Final Review of Housing Budget June 17 City Council Final Budget Adoption �'�' = CALIFORNIA City Council Meeting June 3, 2025 PH 1 - 2024/25 Annual Workforce Vacancies and Recruitment/Retention Report Discussion Topics �- • Assembly Bill 2561 Key Elements • Current Vacancies & 711 Recruitment StatusH ALL r • 2024/25 Recruitment & Retention Efforts AB 2561 Key Elements • Effective January 1, 2025 • Hold an annual public hearing before budget adoption ➢ Present vacancies and recruitment/retention efforts. ➢ Additional reporting requirements if vacancy rate exceeds 20% • Employee organization may present at the public hearing upon request Current Vacancies Current Vacancy Rate LQCEA Vacancy Rate 2024 Approved Total Current Vacancy Rate 2024 Approved Total LQCEA Vacancy Rate Positions Vacancies I Positions Eligible Vacancies 106.79 8 7.49% 106.79 Recruitment and Retention Efforts • Continuous department and division assessments as needed • Job posting expansion • Updated 2024/25 Salary Schedule • Ongoing evaluation of employee benefits Questions? qmftp",�-� -� i