2025 12 02 CouncilCITY COUNCIL AGENDA Page 1 of 8 DECEMBER 2, 2025
CITY COUNCIL
AGENDA
CITY HALL COUNCIL CHAMBER
78495 Calle Tampico, La Quinta
REGULAR MEETING ON TUESDAY, DECEMBER 2, 2025
3:00 P.M. CLOSED SESSION | 4:00 P.M. OPEN SESSION
Members of the public may listen to this meeting by tuning-in live via
www.laquintaca.gov/livemeetings.
CALL TO ORDER
ROLL CALL: Councilmembers: Fitzpatrick, McGarrey, Peña, Sanchez, and Mayor Evans
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA
At this time, members of the public may address the City Council on any matter not listed
on the agenda pursuant to the “Public Comments – Instructions” listed at the end of the
agenda. The City Council values your comments; however, in accordance with State law,
no action shall be taken on any item not appearing on the agenda unless it is an emergency
item authorized by the Brown Act [Government Code § 54954.2(b)].
CONFIRMATION OF AGENDA
CLOSED SESSION
1. CONFERENCE WITH LEGAL COUNSEL – 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
City Council agendas and staff reports
are available on the City’s
web page: www.LaQuintaCA.gov
CITY COUNCIL AGENDA Page 2 of 8 DECEMBER 2, 2025
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)
RECESS TO CLOSED SESSION
RECONVENE AT 4:00 P.M.
REPORT ON ACTION(S) TAKEN IN CLOSED SESSION
PLEDGE OF ALLEGIANCE
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA
At this time, members of the public may address the City Council on any matter not listed
on the agenda pursuant to the “Public Comments – Instructions” listed at the end of the
agenda. The City Council values your comments; however, in accordance with State law,
no action shall be taken on any item not appearing on the agenda unless it is an emergency
item authorized by the Brown Act [Government Code § 54954.2(b)].
ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS
1. SILVERROCK (FORMERLY TALUS) DEVELOPMENT PROJECT – STATUS UPDATE
2. INTRODUCE NEW AND PROMOTED CITY STAFF MEMBERS
CONSENT CALENDAR
NOTE: Consent Calendar items are routine in nature and can be approved by one motion.
PAGE
1. APPROVE COUNCIL MEETING MINUTES DATED NOVEMBER 18, 2025
9
2. AUTHORIZE PUBLIC WORKS DEPARTMENT TO UTILIZE TRI-STATE
MATERIALS TO PURCHASE UP TO $200,000 OF MATERIALS FOR FISCAL
YEAR 2025/26
21
3. APPROVE QUITCLAIM DEED OF AN EASEMENT FOR ACCESS ON PARCEL
1 OF PARCEL MAP NO. 37729
23
4. DECLARE 1930 FIRE TRUCK AS SURPLUS AND APPROVE DISPOSAL
METHOD
31
5. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
SEPTEMBER 30, 2025
49
CITY COUNCIL AGENDA Page 3 of 8 DECEMBER 2, 2025
6. RECEIVE AND FILE FIRST QUARTER FISCAL YEAR 2025/26 TREASURY
REPORTS FOR JULY, AUGUST, AND SEPTEMBER 2025
55
BUSINESS SESSION
PAGE
1. APPROVE CANCELLATION OF REGULAR CITY COUNCIL MEETING OF
JANUARY 6, 2026
129
2. INTRODUCE AN ORDINANCE AT FIRST READING TO AMEND TITLE 8 OF
THE LA QUINTA MUNICIPAL CODE AND ADOPT THE 2025 CALIFORNIA
BUILDING STANDARDS CODE WITH LOCAL AMENDMENTS
[ORDINANCE NO. 627]
131
CITY HALL ANNUAL OPEN HOUSE
APPROXIMATELY 5:30 P.M.
RECESS MEETING TO CITY HALL’S ANNUAL OPEN HOUSE MEET
AND GREET
APPROXIMATELY 7:00 P.M.
MAYOR EVANS RECONVENES THE CITY COUNCIL MEETING
STUDY SESSION
PAGE
1.DISCUSS 2025-26 LEGISLATIVE UPDATES 191
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. ADOPT RESOLUTION TO VACATE A PORTION OF THE NORTHWEST
CORNER OF AVENIDA VILLA AND THE ADJACENT ALLEY PUBLIC RIGHT-
OF-WAY IN THE SANTA CARMELITA AT VALE LA QUINTA SUBDIVISION,
UNIT NO. 14 [RESOLUTION NO. 2025-027]
209
DEPARTMENTAL REPORTS
CITY COUNCIL AGENDA Page 4 of 8 DECEMBER 2, 2025
PAGE
1.CITY MANAGER
2.CITY ATTORNEY
3. CITY CLERK
4.COMMUNITY SERVICES
5. DESIGN AND DEVELOPMENT QUARTERLY REPORT – JULY-SEPTEMBER
2025
221
225
227
231
6.FINANCE
7.PUBLIC SAFETY
A.PUBLIC SAFETY REPORT – JULY-SEPTEMBER 2025
B.SHERIFF’S STATION QUARTERLY REPORT – JULY-SEPTEMBER 2025
C.FIRE DEPARTMENT QUARTERLY REPORT – JULY-SEPTEMBER 2025
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 & Peña)
12.RIVERSIDE COUNTY TRANSPORTATION COMMISSION (Fitzpatrick)
13.CVAG TRANSPORTATION COMMITTEE (Fitzpatrick)
14.COMMUNITY SERVICE GRANT REVIEW COMMITTEE (McGarrey & Peña)
15.COACHELLA VALLEY MOUNTAINS CONSERVANCY (McGarrey)
16. GREATER CV CHAMBER OF COMMERCE INFORMATION EXCHANGE COMMITTEE
(Fitzpatrick)
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 (Peña & Sanchez)
20.CVAG PUBLIC SAFETY COMMITTEE (Peña)
21.CVAG HOMELESSNESS COMMITTEE (Peña)
22.COACHELLA VALLEY MOSQUITO AND VECTOR CONTROL DISTRICT (Peña)
23.SUNLINE TRANSIT AGENCY (Peña)
24.ART PURCHASE COMMITTEE (Evans & Fitzpatrick)
25.CALIFORNIA JOINT POWERS INSURANCE AUTHORITY (Sanchez)
CITY COUNCIL AGENDA Page 5 of 8 DECEMBER 2, 2025
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
NOVEMBER 19, 2025
233
ADJOURNMENT
*********************************
The next regular meeting of the City Council will be held on December 16, 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 published on the City’s website in the
“Calendar / Public Meetings” direct link from the City’s home page, and posted at the
following freely accessible bulletin boards to members of the public, located near the
entrance to the Council Chamber at 78495 Calle Tampico and the La Quinta Cove Post
Office at 51321 Avenida Bermudas, on November 26, 2025.
DATED: November 26, 2025
MONIKA RADEVA, City Clerk
City of La Quinta, California
Public Notices
Agenda packet materials are available for public inspection: 1) at the Clerk’s Office at La
Quinta City Hall, located at 78495 Calle Tampico, La Quinta, California 92253; and 2) on
the City’s website at www.laquintaca.gov/councilagendas, in accordance with the Brown
Act [Government Code § 54957.5; AB 2647 (Stats. 2022, Ch. 971)].
Closed captions in English and Spanish are available through the City’s video streaming
services for live public meetings at www.laquintaca.gov/livemeetings and for the video
archive at www.laquintaca.gov/pastmeetings.
CITY COUNCIL AGENDA Page 6 of 8 DECEMBER 2, 2025
The La Quinta City Council Chamber is wheelchair accessible. If hearing assistance
equipment is needed, please call the City Clerk’s office at (760) 777-7147, 24-hours in
advance of the meeting and accommodation 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@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.
Members of the public who utilize a translator shall be provided at least twice of the allotted
time to ensure non-English speakers receive the same opportunity to directly address the
Council.
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.
CITY COUNCIL AGENDA Page 7 of 8 DECEMBER 2, 2025
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 § 54953], 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 WHEN 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.us/j/86171130130
Meeting ID: 861 7113 0130
Or join by phone: (253) 215 – 8782
Written public comments – can be provided in person during the meeting or emailed to
the City Clerk’s Office at CityClerkMail@LaQuintaCA.gov any time prior to the adjournment
of the meeting, and will be distributed to the City Council, made public, incorporated into the
CITY COUNCIL AGENDA Page 8 of 8 DECEMBER 2, 2025
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.
Closed Caption and Translation – are accessible through the Zoom Webinar audiovisual
platform and accessible in real-time to all teleconference participants.
CITY COUNCIL MINUTES Page 1 of 11 NOVEMBER 18, 2025
CITY COUNCIL
MINUTES
TUESDAY, NOVEMBER 18, 2025
CALL TO ORDER
A regular meeting of the La Quinta City Council was called to order at 3:01 p.m. by Mayor
Evans.
PRESENT: Councilmembers Fitzpatrick, McGarrey, Peña, Sanchez, and Mayor Evans
ABSENT: None
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None
CONFIRMATION OF AGENDA
Councilmember Peña said he will recuse himself from participating in the discussion and
vote on Closed Session Item No. 2 related to the conference with real property negotiators
for property located at the northeast corner of Washington Street and Avenue 50 (APN:
600-070-016) due to a potential conflict of interest stemming from a reasonable probability
of future income and/or investment income from an electric power company (Secure
Energy Source).
Councilmember Peña said he will recuse himself from participating in the discussion and
vote on Business Session Item No. 1 related to the consideration of an agreement for
contract services with Walker Consulting to prepare the 2025 Village Build-Out Plan
Parking Study Project No. 2025-13 due to proximity of real property interest to the project
location.
Councilmember Sanchez said he will recuse himself from participating in the discussion
and vote on Closed Session Item No. 2 due to a potential conflict of interest stemming
from a reasonable probability of future income from The Pacific Companies that is
potentially affiliated with the negotiating party identified for this project in the agenda title.
Councilmember Fitzpatrick said she will comment on the Consent Calendar.
Council concurred.
CLOSED SESSION
1. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION;
PURSUANT TO PARAGRAPH (1) OF SUBDIVISION (d) OF GOVERNMENT
CODE SECTION 54956.9;
NAME OF CASE: GURGENYAN V. CITY OF LA QUINTA COMMUNITY SAFETY
MANAGER (RIVERSIDE COUNTY SUP. CT. CASE NO. CVPS2505395)
CONSENT CALENDAR ITEM NO. 1
9
CITY COUNCIL MINUTES Page 2 of 11 NOVEMBER 18, 2025
2. CONFERENCE WITH REAL PROPERTY NEGOTIATORS PURSUANT TO
GOVERNMENT CODE SECTION 54956.8 FOR PROPERTY LOCATED AT THE
NORTHEAST CORNER OF WASHINGTON STREET AND AVENUE 50 (APN:
600-070-016)
CITY NEGOTIATOR: JON MCMILLEN, CITY MANAGER
NEGOTIATING PARTY: TROUTDALE VILLAGE LLC
UNDER NEGOTIATION: PRICE AND TERMS OF PAYMENT
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
4. 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)
COUNCIL RECESSED THE OPEN SESSION PORTION OF THE MEETING AND
MOVED INTO CLOSED SESSION AT 3:07 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:
Mayor Evans and City Attorney Ihrke reported the following pursuant to Government
Code section 54957.1 (Brown Act):
CLOSED SESSION ITEM NO. 1
MOTION – A motion was made and seconded by Mayor Pro Tem McGarrey /
Councilmember Fitzpatrick to authorize the City Attorney’s Office to seek appellate review
and relief of the Riverside County Superior Court Minute Order and Decision in the
Gurgenyan v. City of La Quinta Community Safety Manager (Riverside County Sup. Ct.
Case No. CVP2505395). Motion passed unanimously.
10
CITY COUNCIL MINUTES Page 3 of 11 NOVEMBER 18, 2025
City Attorney Ihrke said the adverse party is identified in the agenda title; and the litigation
may be summarized as involving a challenge to citations issued to a residential property
owner for violations of the City’s short-term vacation rental program codified in Chapter
3.25 of the La Quinta Municipal Code.
CLOSED SESSION ITEM NO. 2 – Council will recess back to Closed Session to
continue discussion of this item.
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.
Mr. Ihrke noted that a summary of the bankruptcy proceedings status for SilverRock
Development Company and its affiliates will be provided under the Announcements,
Presentations, and Written Communications section of the agenda, as Presentation Item
No. 1.
CLOSED SESSION ITEM NO. 4 – no reportable action.
PLEDGE OF ALLEGIANCE
Mayor Pro Tem McGarrey led the audience in the Pledge of Allegiance.
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA
PUBLIC SPEAKER: Philip Bettencourt, La Quinta – said he attended the Imperial
Irrigation District (IID) Board of Directors meeting earlier in the day; reported the IID Board
approved agreements for 2 major substation upgrades in the Coachella Valley; and
commended all involved for securing a path forward for these major electrical
infrastructure improvements.
For context, the 2 electrical infrastructure improvements agreements approved by the IID
Board on November 18, 2025, can be summarized as follows:
1) Cook Street substation project, located west of Cook St., north of Interstate 10, is
an agreement between the County of Riverside, the Cities of Rancho Mirage and
Palm Desert, the Berger Foundation, and 2 private developers to fund a new
electrical substation, estimated at $39.6 million, with each entity’s share being
proportionate to its capacity requirements and includes an initial payment of $11.8
million to procure equipment and resources to start the project; and
11
CITY COUNCIL MINUTES Page 4 of 11 NOVEMBER 18, 2025
2) Avenue 58 substation project, located north of Avenue 58 and west of Monroe St.
in La Quinta, is an agreement between 12 private developers to provide the
complete funding to expand a major electrical substation, increasing services to
about 4,000 more customers, with the City of La Quinta and the County of
Riverside participating financially in the event of any funding shortfall by a private
developer, with developers having 3 years to pay their proportional shares, and
construction anticipated to begin in the first quarter of 2027, with initial service
connections expected to be ready by summer 2028.
Council commended the time and efforts of many that helped these agreements come to
fruition; and briefly discussed the history and circumstances that led to this point.
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.laquintaca.gov/talus.
Mr. Ihrke said tonight’s update was related to a motion granted in its entirety by the
Bankruptcy Court, and was previously announced, specifically the debtors motion
requesting the Court approve the sale of the debtors’ assets, free and clear of all monetary
liens (“Debtors’ Sale Motion”). As previously summarized, the debtors assets are almost
entirely comprised of the approximately 130+/- acres of raw and partially improved land,
where the former Talus project was located, and the authorized sale is to TBE RE
ACQUISITION CO II LLC, an affiliate of Turnbridge Equities.
Mr. Ihrke said he would not repeat the entire summary of the ruling and decision of the
Debtors’ Sale Motion, and only wished to reiterate that Bankruptcy Court found:
(1) The Sale Process was fair and was conducted in a manner to try and obtain the
most qualified bidders and highest sale price for the debtors’ assets, and
(2) The City “went out of its way to ensure an open process” to allow for potential
qualified bidders, as well as work with them to have project approvals in place by
the time a sale would occur.
The Bankruptcy Court’s Order approving the Sale Motion was entered in late October
(10/23/2025).
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CITY COUNCIL MINUTES Page 5 of 11 NOVEMBER 18, 2025
Pursuant to federal Bankruptcy Law and Procedures, one creditor, Construction Loan
Services II, LLC d/b/a Builders Capital (Builders) timely noticed an appeal of the Sale
Order. Builders has deeds of trust recorded over some of the former Montage luxury
residential lots, which comprises approximately 10 acres of the total 130+/- acres held by
the debtors.
Subsequently to noticing an appeal of the Sale Order, on November 7, 2025, Builders
filed a Motion for Stay Order (“Builders Stay Motion”) seeking to “stay” (or “freeze”) the
Debtors bankruptcy case pending Builders’ appeal.
Debtors, the City, and Turnbridge Equities all filed oppositions to Builders Stay Motion.
Substantively, Builders Stay Motion re-hashed the same arguments raised during closing
arguments for the Debtors’ Sale Motion, and argued before the same Bankruptcy Court
judge who heard and decided the Debtors’ Sale Motion.
Builders’ Stay Motion hearing was held on November 11, 2025, and the Bankruptcy Court
denied the motion in its entirety. In general, the bankruptcy court ruled based on the
same reasons previously provided during its ruling on the Stay Motion, as well as finding
that the “public interest” strongly favored moving forward with the sale of the Debtors’
property to Turnbridge Equities given the extensive time and investment already spent by
the parties on the case.
Under federal bankruptcy procedures, Builders could appeal the Bankruptcy Court’s
decision denying the Stay Motion. But, as always, the City Attorney’s Office, Special
Council, and the City Manager will keep the Council informed as to the status of the case.
In the meantime, the process continues with the City working with the debtors and
Turnbridge Equities as part of the escrow for the sale of the debtors’ assets pursuant to
the Bankruptcy Court Order.
2. NEW FIRE ENGINE – LA QUINTA FIRE STATION NO. 70 – PRESENTATION
BY CALFIRE CAPTAIN COREY WHITAKER
Riverside County Fire Department Battalion Chief Karp presented the specifications,
improved design, and technological advantages of the new fire engine for Fire Station No.
70, and noted fire engines are now being built uniformly across all fire departments, after
which the Council and audience went out to City Hall’s parking lot to view the new engine
and get more information on its features from the fire engine’s crew.
CONSENT CALENDAR
Council expressed general support to pull Consent Calendar Item No. 3 for a separate
vote due to Commissioner Hernandez’ multiple prior absences from Planning
Commission meetings.
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CITY COUNCIL MINUTES Page 6 of 11 NOVEMBER 18, 2025
1. APPROVE COUNCIL MEETING MINUTES DATED NOVEMBER 4, 2025
2. AWARD CONTRACT TO ROMERO GENERAL CONSTRUCTION CORP. FOR
FISCAL YEAR 2025/26 PAVEMENT MANAGEMENT PLAN SLURRY SEAL
IMPROVEMENTS PROJECT NO. 2025-02 LOCATED AT VARIOUS
LOCATIONS
3. >>> Pulled for a separate vote by Council
EXCUSE ABSENCE OF COMMISSIONER HERNANDEZ FROM THE
OCTOBER 28, 2025, PLANNING COMMISSION MEETING
4. APPROVE DEMAND REGISTERS DATED NOVEMBER 7. 2025
CONSENT CALENDAR – COMMENTS
ITEM NO. 2: Councilmember Fitzpatrick said the City continues to invest in roadway
infrastructure throughout the city; and noted the City has expended over $18.5 million on
paving projects since fiscal year 2021/22.
MOTION – A motion was made and seconded by Councilmembers Fitzpatrick/McGarrey
to approve the Consent Calendar as presented. The motion was amended to pull Consent
Calendar Item No. 3 for a separate vote.
MOTION AMENDED – A motion was made and seconded by Councilmembers
Fitzpatrick/McGarrey to approve Consent Calendar Item Nos. 1, 2, and 4, as presented.
Motion passed unanimously.
CONSENT CALENDAR ITEM NO. 2 – pulled for a separate vote
Council briefly noted that Commissioner Hernandez’ has had many absences from
attending Planning Commission meetings during his tenure, and on June 17, 2025, when
Council considered his last request to excuse his absence from the June 10, 2025,
Planning Commission meeting, Council noted that further absences would not be
excused.
MOTION – A motion was made and seconded by Councilmembers Fitzpatrick/McGarrey
to deny Consent Calendar Item No. 3, and not to excuse the absence of Commissioner
Hernandez from the October 28, 2025, Planning Commission meeting. Motion passed
unanimously.
BUSINESS SESSION
COUNCILMEMBER PEÑA 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
14
CITY COUNCIL MINUTES Page 7 of 11 NOVEMBER 18, 2025
POWER COMPANY (SECURE ENERGY SOURCE), AS NOTED DURING
CONFIRMATION OF AGENDA ABOVE, AND LEFT THE DAIS AT 4:38 P.M.
1. APPROVE AGREEMENT FOR CONTRACT SERVICES WITH WALKER
CONSULTING TO PREPARE THE 2025 VILLAGE BUILD-OUT PLAN PARKING
STUDY, PROJECT NO. 2025-13
Interim Design and Development Director Flores presented the staff report, which is on
file in the Clerk’s Office.
Council discussed whether metering or parking time limits will be included in the study;
control over use of a smaller number of spaces than required by the municipal code so it
does not impede business; the plans for community engagement; study to be done during
in-season months; include La Quinta Resort and other businesses off-site employee
parking arrangements; a parking structure will be considered as well as alternative off-
site parking and wayfinding signs; City is doing the Village parking study, as it did in 2016,
so that each individual developer interested in a Village property is not required to do a
study; study to include neighborhood electric vehicle (NEV) and bicycle parking
accommodations; surveying residents surrounding the Village area regarding use of
golfcarts-scooters-bicycles; pedestrian traffic also to be considered; study to be based on
capacity of the Village at full build-out; and employee parking decals should be
considered.
MOTION – A motion was made and seconded by Councilmembers Fitzpatrick/Sanchez
to approve agreement for contract services with Walker Consulting to prepare the 2025
Village Build-Out Plan Parking Study, Project No. 2025-13 as presented; and authorize
the City Manager to execute the agreement. Motion passed: ayes – 4, noes – 0,
abstain – 0, absent – 1 (Peña).
COUNCILMEMBER PEÑA RE-JOINED THE COUNCIL MEETING AT 4:53 P.M.
FOR THE REMAINDER OF THE MEETING
MAYOR EVANS RECESSED THE COUNCIL MEETING AT 4:53 P.M. TO THE
HOUSING AUTHORITY SPECIAL MEETING FOLLOWED BY A BRIEF RECESS
FROM 4:54 P.M. UNTIL 5:00 P.M.
MAYOR EVANS RECONVENED THE COUNCIL MEETING AT 5:00 P.M. WITH
ALL MEMBERS PRESENT
STUDY SESSION – None
PUBLIC HEARINGS
1. ADOPT RESOLUTIONS TO (1) ADOPT A MITIGATED NEGATIVE
DECLARATION (ENVIRONMENTAL ASSESSMENT 2024-0002, SCH #
2025050964) AND (2) APPROVE SPECIFIC PLAN 2022-0002; AND
15
CITY COUNCIL MINUTES Page 8 of 11 NOVEMBER 18, 2025
INTRODUCE FOR FIRST READING AN ORDINANCE TO APPROVE ZONE
CHANGE 2024-0002, AND ZONING ORDINANCE AMENDMENT 2024-0002
FOR THE HIGHWAY 111 SPECIFIC PLAN AND DEVELOPMENT CODE
PROJECT; CEQA: A MITIGATED NEGATIVE DECLARATION
(ENVIRONMENTAL ASSESSMENT 2024-0002, SCH# 2025050964) HAS BEEN
PREPARED FOR THE PROPOSED PROJECT; LOCATION: GENERALLY
NORTH OF AVENUE 48, SOUTH OF THE COACHELLA VALLEY
STORMWATER CHANNEL, EAST OF WASHINGTON STREET AND WEST OF
JEFFERSON STREET [RESOLUTION NOS. 2025-027 AND 2025-028; ORDINANCE NO. 627]
The following staff and consultants presented the staff report, which is on file in the Clerk’s
Office:
Jonathan Linkus, Technical Service Leader, with GHD, Inc.
Kathryn Slama, Director, Lisa Wise Consulting, Inc. (LWC)
Interim Design and Development Director Cheri Flores, City of La Quinta
WRITTEN PUBLIC COMMENTS were received from the entities listed below, in
alphabetical order, on Public Hearing Item No. 1, which were distributed to Council, made
public, published on the City’s website, and included in the public record of this meeting:
Jackson Tidus, a Law Corporation – comments submitted by Michael Tidus,
Executive Vice President, on behalf of Washington III, LTD, the operator and
developer of the Washington Park shopping center – requesting a continuance of
the public hearing for this project.
Sunridge Properties, Inc. – comments submitted by Brandon Welker, Director of
Development – noting the entity has an active proposal for an AC Hotel by Marriott
for a vacant parcel located along Highway 111 in La Quinta; and requesting not
approving any zoning changes or amendments that might adversely impact, limit,
or materially change ongoing active proposals.
Council discussed the elimination of the 11 specific plans to be replaced with 1
Highway 111 specific plan and how that would affect undeveloped portions of existing
specific plans, site development permits, or development agreements; existing CC&Rs
would prevail as well as vested rights over the new regulations if adopted; flexibility of
building orientations; integrating existing developments with new plans; affordable
housing component being critical to the City; no applications currently in the pipeline for
new projects; projects in pipeline near the time of implementing a new specific plan should
be considered when determining the date to adopt the new specific plan; clarification of
what would be subject to the new versus old specific plans; CV-Link access and safety;
need to examine walls, fences, other barriers between CV Link and Highway 111
establishments; landscape design and maintenance needs more study, more clarity;
possibility of cultural trail development plan becoming a City capital improvement project
implemented over time; open space requirements; provisions for bicycle storage and
electric bike plug-ins; moving in the direction to make it easier for owners and developers;
16
CITY COUNCIL MINUTES Page 9 of 11 NOVEMBER 18, 2025
safety and flow of traffic around schools and parks, consider a pedestrian bridge; and
reluctance for more car washes along Highway 111.
MAYOR EVANS DECLARED THE PUBLIC HEARING OPEN AT 6:13 P.M.
PUBLIC SPEAKER: Michael (Mike) Tidus, Executive Vice President with Jackson Tidus,
a Law Corporation – spoke on behalf of his client, Washington III, LTD (Jack Tarr), the
operator and developer of the Washington Park shopping center, a 50-acre parcel – said
client involved since 2018; explained some investments and mitigations already done by
his client, including open spaces, and requested that credit for such be given when new
requirements are enacted; highlighted some issues that the new specific plan would raise
and suggested a continuation so his team could meet with staff, and possibly a Council
representative to explain potential consequences and perhaps consider an
implementation policy to resolve; and flexibility of auto-oriented uses.
PUBLIC SPEAKER: Robert Martinez, Architect, AIA, CASp, CASI, with Martinez +
Okamoto Architects, Inc. – spoke on behalf Washington III, LTD as Jack Tarr’s Associate
– said he would appreciate a meeting with staff, and possibly a Council representative, to
discuss details; complication of having 10 stakeholders within his client’s 50-acres as well
as undeveloped areas; and allowance/zoning sites for affordable or senior housing
development within the Washington Park center.
Council discussed the flexibility of the new specific plan; need for area developers to
provide additional feedback; extent of outreach done with existing developers,
stakeholders and realtors, and comments received; and connectivity for pedestrians.
THE PUBLIC HEARING REMAINED OPEN
MOTION – A motion was made and seconded by Councilmembers Fitzpatrick/McGarrey
to continue the public hearing for this item to a date specific of January 20, 2026. Motion
passed unanimously.
DEPARTMENTAL REPORTS – All reports are on file in the City Clerk’s Office.
MAYOR’S AND COUNCIL MEMBERS’ ITEMS
Mayor Evans reported on her, and other Councilmembers’ attendance at La Quinta Arts
Celebration; La Quinta’s Veterans Recognition Ceremony at City Hall; CV Link opening
– La Quinta’s portion; reopening of Trilogy golf course; Kitchen 1011; Partners Against
Violence; Go Girl luncheon for scholarships; Chamber of Commerce legislative breakfast;
Rotary Club meeting; Friends of the Desert Mountains; and Desert Hot Springs State-of-
the-City.
Councilmember Fitzpatrick reported on her attendance at Cub Scout Troop 1701 meeting.
17
CITY COUNCIL MINUTES Page 10 of 11 NOVEMBER 18, 2025
Mayor Pro Tem McGarrey reported on her attendance at the Desert Valley Builders’
Association; dust summit; Coachella Valley Desert and Mountains Conservation
Authority; Integrity Agency’s ribbon cutting; Coffee with Dr. Kelly May; and the AFP
luncheon.
Councilmember Sanchez reported on his, and other Councilmembers’ attendance at the
La Quinta Youth Collective; Performance Lab ribbon cutting; Volunteers in Medicine
event; Día de los Muertos event; Lake Cahuilla ribbon cutting; California Women in
Agriculture 50th anniversary; Veterans Day celebration at the McCallum Theater; and
Leadership Coachella Valley mixer.
REPORTS AND INFORMATIONAL ITEMS
La Quinta’s representative for 2025, Mayor Evans reported on her participation in the
following organizations’ meetings:
ART PURCHASE COMMITTEE (Evans & Fitzpatrick)
CVAG COACHELLA VALLEY CONSERVATION COMMISSION
CVAG ENERGY AND SUSTAINABILITY COMMITTEE
La Quinta’s representative for 2025, Councilmember Fitzpatrick reported on her
participation in the following organizations’ meetings:
ART PURCHASE COMMITTEE (Evans & Fitzpatrick)
RIVERSIDE COUNTY TRANSPORTATION COMMISSION (RCTC)
La Quinta’s representative for 2025, Mayor Pro Tem McGarrey reported on her
participation in the following organizations’ meetings:
COACHELLA VALLEY MOUNTAINS CONSERVANCY
LEAGUE OF CALIFORNIA CITIES – ENVIRONMENTAL QUALITY POLICY
COMMITTEE
LEAGUE OF CALIFORNIA CITIES – EXECUTIVE COMMITTEE, RIVERSIDE
COUNTY DIVISION
La Quinta’s representative for 2025, Councilmember Sanchez reported on his
participation in the following organization’s meeting:
SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS
Councilmember Peña asked for a moment of silence in memory of former Cathedral City
Councilmember Mark Carnevale.
CLOSED SESSION – Continued
2. CONFERENCE WITH REAL PROPERTY NEGOTIATORS PURSUANT TO
GOVERNMENT CODE SECTION 54956.8 FOR PROPERTY LOCATED AT THE
NORTHEAST CORNER OF WASHINGTON STREET AND AVENUE 50 (APN:
600-070-016)
CITY NEGOTIATOR: JON MCMILLEN, CITY MANAGER
18
CITY COUNCIL MINUTES Page 11 of 11 NOVEMBER 18, 2025
NEGOTIATING PARTY: TROUTDALE VILLAGE LLC
UNDER NEGOTIATION: PRICE AND TERMS OF PAYMENT
COUNCIL RECESSED THE OPEN SESSION PORTION OF THE MEETING AND
MOVED INTO CLOSED SESSION AT 6:54 P.M.
COUNCILMEMBERS PEÑA AND SANCHEZ RECUSED THEMSELVES FROM
THIS CLOSED SESSION ITEM, LEFT THE MEETING AND DID NOT ATTEND
THE CLOSED SESSION
MAYOR EVANS RECONVENED THE OPEN SESSION PORTION OF THE CITY
COUNCIL MEETING AT 7:38 P.M. WITH COUNCILMEMBERS FITZPATRICK
AND McGARREY PRESENT
REPORT ON ACTION(S) TAKEN IN CLOSED SESSION:
City Attorney Ihrke reported no actions were taken on Closed Session Item No. 2 that
require reporting pursuant to Government Code section 54957.1 (Brown Act).
ADJOURNMENT
There being no further business, a motion was made and seconded by Councilmembers
Fitzpatrick/McGarrey to adjourn at 7:39 p.m. Motion passed unanimously.
Respectfully submitted,
MONIKA RADEVA, City Clerk
City of La Quinta, California
19
20
City of La Quinta
CITY COUNCIL MEETING: December 2, 2025
STAFF REPORT
AGENDA TITLE: AUTHORIZE PUBLIC WORKS DEPARTMENT TO UTILIZE
TRI-STATE MATERIALS TO PURCHASE UP TO $200,000 OF MATERIALS FOR FISCAL
YEAR 2025/26
RECOMMENDATION
Authorize the Public Works Department to utilize Tri-State Materials to purchase up to
$200,000 of materials in fiscal year 2025/26.
EXECUTIVE SUMMARY
•Per the City’s Purchasing and Contracting policy (Policy), amounts paid to
vendors/contractors over $50,000 must be approved by Council.
•Staff requests authority to utilize Tri-State Materials (Tri-State) to purchase up to
$200,000 of materials during fiscal year (FY) 2025/26.
FISCAL IMPACT
The $200,000 would be charged in increments, as needed, to the appropriate account(s)
should Council approve the request. Funds for purchases are budgeted in the Landscape
and Lighting Account No. 215-7004-60431 and Parks Account No. 101-3005-60431
materials/supplies accounts.
BACKGROUND/ANALYSIS
The Policy requires Council approval for purchases and/or contracts over $50,000. In FY
2025/26, the City has purchased materials in excess of $48,000 from Tri-State.
The City frequently purchases boulders, decomposed granite (DG), gravel, and crushed
stone from Tri-State. Staff will continue to compare prices and material selections to obtain
the best value and quality materials. The City utilizes Tri-State as a select source for Desert
Gold DG, which is consistent in color with DG used in many City landscape projects.
Hardscape materials are used in landscape renovations in center medians, parkways and
parks. Currently, renovations are ongoing at the Washington Street parkway.
Future renovations may include the center medians on Washington Street, Avenue 50
between Eisenhower Street and Jefferson Street, Adams Street between Highway 111 and
CONSENT CALENDAR ITEM NO. 2
21
Avenue 48, the parkways on Washington Street north of Avenue 52, and the perimeter
landscape around La Quinta Park and Pioneer Park.
This spending authority would allow maintenance projects in City medians, parkways, and
parks to continue without interruptions to scheduled work.
ALTERNATIVES
Council may direct staff to seek separate approvals from Council for any future purchases
from Tri-State on a per project basis. However, this approach would delay work.
Prepared by: Dianne Hansen, Maintenance and Operation Superintendent
Approved by: Tony Ulloa, Public Works Deputy Director
22
City of La Quinta
CITY COUNCIL MEETING: December 2, 2025
STAFF REPORT
AGENDA TITLE: APPROVE QUITCLAIM DEED OF AN EASEMENT FOR ACCESS ON
PARCEL 1 OF PARCEL MAP NO. 37729
RECOMMENDATION
Approve the quitclaim deed of an easement for access on Parcel 1 of Parcel Map
No. 37729; and authorize the City Manager to execute the quitclaim deed.
EXECUTIVE SUMMARY
•Parcel 1 of Parcel Map No. 37729, owned by Golden Heights, LLC, is located south
of Highway 111 on the west side of Dune Palms Road (Attachment 1). The existing
access easement is located at the former Sam’s Club gas station site and was
granted to the La Quinta Redevelopment Agency in 2005 when the land was
vacant.
•The existing access easement is no longer needed since this commercial site has
since been developed and easements are in place in their Covenants, Conditions,
Restrictions and Reciprocal Easements (CC&Rs) for ingress, egress, right to use
driveways, roadways, walkways, parking spaces, and other common area
facilities.
FISCAL IMPACT – None.
BACKGROUND/ANALYSIS
The owner is proposing a hotel on the site. The quitclaim deed (Attachment 2) would
vacate the existing access easement allowing the owner to maximize the building space.
ALTERNATIVES
Since this access easement is no longer needed, staff does not recommend an alternative
action.
Prepared by: Amy Yu, Associate Engineer
Approved by: Bryan McKinney, P.E., Public Works Director/City Engineer
Attachments: 1. Vicinity Map
2.Quitclaim Deed
CONSENT CALENDAR ITEM NO. 3
23
V I C I N I T Y M A P
NOT TO SCALE
ATTACHMENT 1
24
RECORDING REQUESTED BY
AND RETURN TO:
City of La Quinta
78-495 Calle Tampico
La Quinta, CA 92253
Attn: City Clerk
APN: 600-340-055 (Space Above For Recorder’s Use)
Exempt recording fee pursuant to Govt. Code § 6103.
QUITCLAIM DEED
THE UNDERSIGNED GRANTOR(S) DECLARE(S): DOCUMENTARY TRANSFER TAX IS $____0.00______________________
_____ Computed on full value of property conveyed, or
_____ Computed on full value less liens and encumbrances remaining at time of sale.
_____ Unincorporated area __X___ City of _La Quinta______________________
FOR VALUABLE CONSIDERATION, receipt of which is hereby acknowledged,
The City of La Quinta, a California municipal corporation and charter city, in its capacity as the Successor Agency to the former La Quinta Redevelopment Agency by operation of law pursuant to Health and Safety Code section 34173 (“Grantor” and “City”)
do(es) hereby REMISES, RELEASES, AND FOREVER QUITCLAIMS TO
Golden Heights, LLC, a Utah limited liability company (“Grantee”)
all of Grantor’s rights, title and interest in that certain easement received from SAM'S REAL
ESTATE BUSINESS TRUST, a Delaware statutory trust, by that certain document entitled “GRANT
OF EASEMENT”, recorded August 30, 2005, as Document No. 2005-0714042 of Official Records,
in the office of the County Recorder of Riverside County, State of California, including a NON-
EXCLUSIVE EASEMENT FOR ACCESS over, upon, and across that certain strip of real property
more particularly described and depicted in Exhibit "A", attached hereto and incorporated by
reference, which was appurtenant to that certain real property described on Exhibit "B", attached
hereto and incorporated by reference ("Appurtenant Property").
[signatures on next page]
ATTACHMENT 2
25
Executed this __________ day of ____________, 20___, at La Quinta, California.
“GRANTOR” and “CITY”
CITY OF LA QUINTA, a California municipal
corporation and charter city, in its capacity as
the Successor Agency to the former La Quinta
Redevelopment Agency by operation of law
pursuant to Health and Safety Code section
34173
By:
Jon McMillen
City Manager, City of La Quinta
ATTEST:
By:
Monika Radeva
City Clerk, City of La Quinta
APPROVED AS TO FORM:
RUTAN & TUCKER, LLP
By:
William H. Ihrke
City Attorney, City of La Quinta
26
A notary public or other officer completing this certificate verifies only the identity of the
individual who signed the document, to which this certificate is attached, and not the
truthfulness, accuracy, or validity of that document
State of California )
County of Riverside )
On _________________________, before me, ,
(insert name and title of the officer)
Notary Public, personally appeared ,
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are
subscribed to the within instrument and acknowledged to me that he/she/they executed the same
in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument
the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that
the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature (Seal)
A notary public or other officer completing this certificate verifies only the identity of the
individual who signed the document, to which this certificate is attached, and not the
truthfulness, accuracy, or validity of that document
State of California )
County of Riverside )
On _________________________, before me, ,
(insert name and title of the officer)
Notary Public, personally appeared ,
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are
subscribed to the within instrument and acknowledged to me that he/she/they executed the same
in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument
the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that
the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature (Seal)
27
EXHIBIT “A”
CITY OF LA QUINTA
ACCESS EASEMENT QUITCLAIM
Page 1 of 1
APN: 600-340-055
That certain variable width easement for access purposes more particularly described in a
document recorded on August 30, 2005 as Document No. 2005-0714042 of Official Records, in
the office of the County Recorder of Riverside County, State of California, more particularly
described as follows:
All that portion of said thirty (30) and thirty-six (36) foot wide easement located within Parcel 1 of
Parcel Map No. 37729 filed in Book 248, Pages 65 through 67, inclusive, of Parcel Maps in the
office of the County Recorder of Riverside County, State of California.
This description was prepared
by me or under my direction.
_____________________________
Christopher L. Alberts, P.L.S. 8508
___________________________
Date
11/24/2025
28
1CC1 1 n n ri
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104 TP GfiWAY
m ILY
PROLONGATION OF IE
OF LAND WITHIN 30420.
BOOK 202/40-44 PARCELI
OPOSEDESS
PRAFORPARR' LOT
LINE I
PARCEL
2 sa
o• V ,
I I
O
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LINE I
z j, I W UPARCEL
3 PARCEL
1 ACCESS EASEMENT EXHIBIT LEGEND
01/
PROPOSED ACCESS EASEMENT P.
O.B. "POINT OF BEGINNING- N.
E. JOB: 304-018.1 DUNE 17, 2005 TP.
O.B. "TRUE POINT OF BEGINNING" 50
0 50 100 150 200 NASLAND ENGINEERING CIVIL
ENGINEERING . SURVEYING LAND PLANNING SCALE1" = 100' 4740 Ruffner Street. San Diego. California. 92111 " 888-292-7770
29
EXHIBIT “B” LEGAL DESCRIPTION OF APPURTENANT PROPERTY
All of that certain real property in the County of Riverside, State of California, described as follows: PARCEL 1 OF PARCEL MAP NO. 37729 FILED IN BOOK 248, PAGES 65 THROUGH 67, INCLUSIVE, OF PARCEL MAPS IN THE OFFICE OF THE COUNTY RECORDER OF RIVERSIDE COUNTY, STATE OF CALIFORNIA.
30
City of La Quinta
CITY COUNCIL MEETING: December 2, 2025
STAFF REPORT
AGENDA TITLE: DECLARE 1930 FIRE TRUCK AS SURPLUS AND APPROVE
DISPOSAL METHOD
RECOMMENDATION
Declare 1930 Fire Truck as surplus and approve disposal method.
EXECUTIVE SUMMARY
•On April 5, 2022, Council accepted a 1930 Ford Model fire truck (Truck) donated to
the City by Mr. John Zar for historical display and event use.
•The Truck has been stored and displayed at La Quinta Fire Station 32, located at
78111 Avenue 52, La Quinta, CA 92253.
•The Call to Adventure at the California Fire Museum, previously known as the
California Fire Museum and Safety Learning Center, a non-profit organization
located in Lake Forest, California has requested that the City consider donating the
Truck to ensure it is preserved to museum-quality standards.
FISCAL IMPACT
There is no fiscal impact associated with the disposal of the Truck, as it is proposed to be
donated to a nonprofit organization. The estimated value is between $28,500 and $32,000
based on an appraisal conducted on January 26, 2022.
BACKGROUND/ANALYSIS
The Truck was donated to the City by Mr. John Zar for historical display and special
events. It has been housed in a bay at La Quinta Fire Station 32 on Avenue 52 and has
been showcased during community activities, including school field trips and the City
Picnic.
Due to the vehicle’s age and manual engine configuration, transporting it to events is
difficult and presents potential safety concerns. Additionally, the Tuck occupies a bay that
is needed for daily fire department operations, making the current storage arrangement
impractical.
CONSENT CALENDAR ITEM NO. 4
31
Because of its historical significance and age, the Truck requires climate-controlled
storage to ensure long-term preservation. Staff explored alternative storage locations
within the community; however, no local organization or museum was able to
accommodate the vehicle.
In contrast, the Call to Adventure at the California Fire Museum, a nonprofit organization
(Federal Tax ID 43-1976878), expressed strong interest in the Truck. The organization is
dedicated to preserving historical firefighting artifacts, including a wide collection of
antique fire engines. After inspecting the Truck, museum staff confirmed that it would be
an important addition to their collection, which highlights California’s firefighting heritage.
According to the museum, this model was utilized by the United States Forest Service,
the California Division of Forestry, and several local fire departments nationwide.
Because the Call to Adventure at the California Fire Museum is equipped to maintain and
preserve the Truck, staff recommend declaring it as surplus, and donating it to the
museum to ensure its proper preservation and to allow Fire Station 32 to utilize its bay
space more efficiently for operational needs.
ALTERNATIVES – Staff does not recommend an alternative.
Prepared by: Martha Mendez, Public Safety Deputy Director
Approved by: Jon McMillen, City Manager
Attachments: 1.April 5, 2022, Staff Report and Vehicle Appraisal
2.California Fire Museum’s Letter of Interest
3.Tax Exempt Status Verification
32
City of La Quinta
CITY COUNCIL MEETING: April 5, 2022
STAFF REPORT
AGENDA TITLE: ACCEPT DONATION OF A FIRE TRUCK FOR HISTORICAL
DISPLAY FROM JOHN ZAR
RECOMMENDATION
Accept donation of a fire truck for historical display from John Zar.
EXECUTIVE SUMMARY
•A donation of a 1930 Ford Model fire truck has been offered by John Zar
for City historical display and event use.
•Pursuant to State of California Government Code, Section 37354, the
legislative body may accept or reject any gift, bequest, or devise made to
or for the City, or to or for any of its officers in their official capacity or in
trust for any public purpose.
•Upon Council approval, the City Manager will provide an acceptance letter
to the donor and will work with City staff on potential locations for display
and incorporation into events.
FISCAL IMPACT
The estimated value of the Fire truck is $28,500 to $32,000. Due to the
condition and potential event use of the truck, the estimated maintenance costs
are approximately $1,000 annually.
BACKGROUND/ANALYSIS
The 1930 Ford Model fire truck is in excellent condition and comprised of original
parts. It is fully functional and would be added to the City’s fleet inventory. The
La Quinta Fire Department was consulted about the vehicle and determined it
could be used at community events, parades, and as an educational opportunity
on the history of fire services while showcasing this antique vehicle. The vehicle
would be stored at the City’s Corporate Yard or Fire Station. Mr. Zar requested
that it be showcased to the community and incorporated into events/programs.
The City plans to include it in various upcoming opportunities at events,
museum, and the library.
CONSENT CALENDAR ITEM NO. 2
ATTACHMENT 1
33
ALTERNATIVES
Council may accept/not accept this donation.
Prepared by: Claudia Martinez, Finance Director
Approved by: Jon McMillen, City Manager
Attachment: 1. Vehicle Appraisal and photos
34
ATTACHMENT 1
35
36
37
38
39
40
41
42
43
44
November 18, 2025
California Fire Museum and Safety Learning Center
22365 El Toro Road Ste. 241
Lake Forest, CA 92630
www.calltoadventurecfm.org
To the City of La Quinta,
The California Fire Museum would be deeply honored to display the city of La Quinta’s donation of the 1929 Ford
Model A, Fire Engine at our annex museum. Located at the old City of Orange Fire Station 1, 400 S. Orange Street,
Orange, CA 92866, until our permanent 30,000+ square foot museum and Safety Learning Center are completed at
the Great Park in Irvine, California.
Our restoration team will transport the fire engine to our restoration hangar for a full restoration of both interior
and exterior components, ensuring it is preserved to museum-quality standards. As one of very few remaining
examples of this type of engine, the 1929 Ford Model A, Chemical Fire Engine would be a wonderful addition
to our growing collection. Beyond its use as a “Quick Attack” apparatus, this model was also utilized by the
United States Forest Service, the California Division of Forestry, and several local fire departments nationwide
making it an especially fitting representation of California’s firefighting heritage.
By having this historic fire engine displayed with honor from the city of La Quint it would also serve as an
educational and emotional bridge for younger generations—sparking their curiosity and appreciation for the fire
service. Just as Disney’s “Planes: Fire & Rescue” inspired children and families to value the bravery and
dedication of firefighters, this real-life piece of history would help bring that same spirit to life in a tangible and
lasting way.
With sincere appreciation,
Bruce Bailey
Fire Apparatus and Facilities Management
California Fire Museum and Safety Learning Center
Cell: (949) 412-3207
bruce.bailey1836@yahoo.com
ATTACHMENT 2
45
California Fire Museum
EIN: 43-1976878 | Lake Forest, California, United States
Other Names
ORANGE COUNTY FIRE HISTORICAL SOCIETY
Publication 78 Data
Organizations eligible to receive tax-deductible charitable contributions. Users
may rely on this list in determining deductibility of their contributions.
On Publication 78 Data List: Yes
Deductibility Code: PC
Form 990-N (e-Postcard)
Organizations who have filed a 990-N (e-Postcard) annual electronic notice.
Most small organizations that receive less than $50,000 fall into this category.
Copies of Returns (990, 990-EZ, 990-PF, 990-
T)
Electronic copies (images) of Forms 990, 990-EZ, 990-PF or 990-T returns filed
with the IRS by charities and non-profits.
Tax Year 2009 Form 990-N (e-Postcard)
Tax Year 2008 Form 990-N (e-Postcard)
Tax Year 2007 Form 990-N (e-Postcard)
11/20/25, 8:20 AM Tax Exempt Organization Search Details | Internal Revenue Service
https://apps.irs.gov/app/eos/details/1/2
ATTACHMENT 3
46
Tax Year 2023 Form 990
Tax Year 2022 Form 990
Tax Year 2021 Form 990EZ
Tax Year 2020 Form 990EZ
Tax Year 2019 Form 990EZ
Tax Year 2018 Form 990EZ
Tax Year 2017 Form 990EZ
Tax Year 2016 Form 990EZ
11/20/25, 8:20 AM Tax Exempt Organization Search Details | Internal Revenue Service
https://apps.irs.gov/app/eos/details/2/2
47
48
City of La Quinta
CITY COUNCIL MEETING: December 2, 2025
STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
SEPTEMBER 30, 2025
RECOMMENDATION
Receive and file revenue and expenditure report dated September 30, 2025.
EXECUTIVE SUMMARY
•The report summarizes the City’s year-to-date (YTD) and month-to-date (MTD)
revenues and expenditures for September 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 2025 for fiscal year 2025/26.
Current Total Budget – represents original adopted budgets plus any Council
approved budget amendments from throughout the year. The 2024/25 operating and
Capital Improvement Project carryovers to 2025/26 will be processed after the year-
end audit is completed.
Period Activity – represents actual revenues received and expenditures outlaid in the
reporting month.
Fiscal Activity – represents actual revenues received and expenditures outlaid YTD.
Variance Favorable/(Unfavorable) - represents the dollar difference between YTD
collections/expenditures and the current budgeted amount.
Percent Used – represents the percentage activity as compared to budget YTD.
CONSENT CALENDAR ITEM NO. 5
49
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/City Treasurer
Attachment: 1. Revenue and Expenditure Report for September 30, 2025
MTD YTD
Percent of
Budget YTD
Percent of
Budget
General Fund (GF)3,104,490$ 4,604,769$ 4.99%4,330,089$ 5.23%
All Funds 10,135,743$ 13,722,063$ 8.15%9,731,696$ 6.20%
MTD YTD
Percent of
Budget YTD
Percent of
Budget
General Fund 5,332,940$ 9,652,000$ 10.40%6,553,744$ 7.86%
Payroll (GF)1,026,268$ 2,705,704$ 17.76%2,486,330$ 17.60%
All Funds 24,092,918$ 33,611,760$ 21.51% 30,129,814$ 20.66%
September 2025 Revenues Comparison to 2024
September 2025 Expenditures Comparison to 2024
General Fund Non-General Fund
Measure G Sales Tax 1,128,639$ Federal Highway Bridge Program - Dune Palms Bridge 1,441,499$
Sales Tax 842,524$ Allocated Interest 1,145,444$
Transient Occupancy (Hotel) Tax 310,553$ Federal Earmark Funding - Hwy 111 pavement rehabilitati 768,579$
Zoning Change Mitigation Fees 232,362$ Coachella Valley Assoc. of Gov'ts - Dune Palms Bridge 661,956$
STVR Registration Fees 67,850$ SilverRock Green Fees 184,108$
General Fund Non-General Fund
Sheriff Contract (July)1,045,261$ Debt Service Payments- Successor Agency Bonds(1)15,115,645$
Parks Landscape Maintenance Contract 95,819$ Capital Improvement Program (CIP) - Construction(2)1,667,491$
Streets Maintenance/Services 91,050$ SilverRock Maintenance 217,236$
Parks Maintenance/Services 83,431$ Capital Improvement Program (CIP) - Design(3)187,334$
Fritz Burns Pool Programming 76,352$ Lighting & Landscape Maintenance Contract 133,083$
Top Five Revenue/Income Sources for September
Top Five Expenditures/Outlays for September
(1)Interest and principal payments for former redevelopment agency bonds, funded by dedicated Redevelopment Property Tax Trust Fund (RPTTF) revenue received from the
County.
(2)CIP Construction: Hwy 111 pavement rehabilitation; Fritz Burns Park.
(3)CIP Design: Cultural campus; CV Link connector; maintenance & operations yard; retention basins.
50
Page 1 of 3
City Council Month Revenue Report
Group Summary
For Fiscal: 2025/26 Period Ending: 09/30/2025
Fiscal
Activity
Variance
Favorable
(Unfavorable)
Period
ActivityFun…
Current
Total Budget
Original
Total Budget
Percent
Used
101 - GENERAL FUND 4,604,768.753,104,490.4592,242,254.00 92,242,254.00 -87,637,485.25 4.99%
105 - DISASTER RECOVERY FUND -5,164.700.00172,000.00 172,000.00 -177,164.70 3.00%
201 - GAS TAX FUND 273,639.09180,240.173,217,705.00 3,217,705.00 -2,944,065.91 8.50%
202 - LIBRARY & MUSEUM FUND -11,073.29624.254,420,000.00 4,420,000.00 -4,431,073.29 0.25%
203 - PUBLIC SAFETY FUND (MEASURE G)-178.200.006,000.00 6,000.00 -6,178.20 2.97%
210 - FEDERAL ASSISTANCE FUND 0.000.00160,100.00 160,100.00 -160,100.00 0.00%
212 - SLESA (COPS) FUND -656.770.00121,000.00 121,000.00 -121,656.77 0.54%
215 - LIGHTING & LANDSCAPING FUND 18,487.690.003,862,100.00 3,862,100.00 -3,843,612.31 0.48%
221 - AB 939 - CALRECYCLE FUND 6,560.623,677.3391,000.00 91,000.00 -84,439.38 7.21%
223 - MEASURE A FUND 139,429.48143,700.881,900,000.00 1,900,000.00 -1,760,570.52 7.34%
226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)0.000.0010,000.00 10,000.00 -10,000.00 0.00%
227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)0.000.005,400.00 5,400.00 -5,400.00 0.00%
230 - CASp FUND, AB 1379 4,433.451,608.0024,000.00 24,000.00 -19,566.55 18.47%
231 - SUCCESSOR AGCY PA 1 RORF 11,127.8710,981.5120,333,000.00 20,333,000.00 -20,321,872.13 0.05%
235 - SO COAST AIR QUALITY FUND -139.450.0057,000.00 57,000.00 -57,139.45 0.24%
237 - SUCCESSOR AGCY PA 1 ADMIN -184.150.0012,320.00 12,320.00 -12,504.15 1.49%
241 - HOUSING AUTHORITY 305,503.9680,426.651,666,000.00 1,666,000.00 -1,360,496.04 18.34%
243 - RDA LOW-MOD HOUSING FUND -4,495.490.00130,000.00 130,000.00 -134,495.49 3.46%
247 - ECONOMIC DEVELOPMENT FUND 7,547.741,305.65109,000.00 109,000.00 -101,452.26 6.92%
249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)24,596.5624,596.5686,000.00 86,000.00 -61,403.44 28.60%
250 - TRANSPORTATION DIF FUND 119,416.1245,148.18579,000.00 579,000.00 -459,583.88 20.62%
251 - PARKS & REC DIF FUND 51,466.7521,372.00203,000.00 203,000.00 -151,533.25 25.35%
252 - CIVIC CENTER DIF FUND 30,583.6712,682.26160,000.00 160,000.00 -129,416.33 19.11%
253 - LIBRARY DEVELOPMENT DIF 9,984.004,029.0030,500.00 30,500.00 -20,516.00 32.73%
254 - COMMUNITY & CULTURAL CENTERS DIF 23,240.579,702.0095,000.00 95,000.00 -71,759.43 24.46%
257 - FIRE PROTECTION DIF 9,083.973,801.3151,000.00 51,000.00 -41,916.03 17.81%
259 - MAINTENANCE FACILITIES DIF FUND 9,135.083,432.0347,000.00 47,000.00 -37,864.92 19.44%
270 - ART IN PUBLIC PLACES FUND 20,235.565,272.76181,000.00 181,000.00 -160,764.44 11.18%
299 - INTEREST ALLOCATION FUND 2,449,319.261,145,443.660.00 0.00 2,449,319.26 0.00%
310 - LQ FINANCE AUTHORITY DEBT SERVICE 0.000.001,000.00 1,000.00 -1,000.00 0.00%
401 - CAPITAL IMPROVEMENT PROGRAMS 2,881,934.622,872,034.6224,293,033.00 24,293,033.00 -21,411,098.38 11.86%
501 - FACILITY & FLEET REPLACEMENT 392,490.82397,375.001,745,500.00 1,745,500.00 -1,353,009.18 22.49%
502 - INFORMATION TECHNOLOGY 1,080,927.141,053,717.554,195,000.00 4,195,000.00 -3,114,072.86 25.77%
503 - PARK EQUIP & FACILITY FUND 242,594.86246,250.001,035,000.00 1,035,000.00 -792,405.14 23.44%
504 - INSURANCE FUND 343,625.43344,735.251,395,941.00 1,395,941.00 -1,052,315.57 24.62%
601 - SILVERROCK RESORT 353,925.49203,012.575,470,000.00 5,470,000.00 -5,116,074.51 6.47%
760 - SUPPLEMENTAL PENSION PLAN -61.890.007,000.00 7,000.00 -7,061.89 0.88%
761 - CERBT OPEB TRUST 108,680.12108,680.1240,000.00 40,000.00 68,680.12 271.70%
762 - PARS PENSION TRUST 221,277.84107,403.43200,000.00 200,000.00 21,277.84 110.64%
Report Total:10,135,743.19 13,722,062.57168,353,853.00 168,353,853.00 -154,631,790.43 8.15%
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.
ATTACHMENT 1
51
Page 2 of 3
City Council Month Expense Report
Group Summary
For Fiscal: 2025/26 Period Ending: 09/30/2025
Fiscal
Activity
Variance
Favorable
(Unfavorable)
Period
ActivityFun…
Current
Total Budget
Original
Total Budget
Percent
Used
101 - GENERAL FUND 9,652,000.485,332,940.2492,822,188.00 92,822,188.00 83,170,187.52 10.40%
105 - DISASTER RECOVERY FUND 0.000.004,993,504.00 4,993,504.00 4,993,504.00 0.00%
201 - GAS TAX FUND 437,688.00301,250.293,224,885.00 3,224,885.00 2,787,197.00 13.57%
202 - LIBRARY & MUSEUM FUND 92,231.4151,596.253,149,391.00 3,149,391.00 3,057,159.59 2.93%
210 - FEDERAL ASSISTANCE FUND 0.000.00160,000.00 160,000.00 160,000.00 0.00%
212 - SLESA (COPS) FUND 0.000.00100,000.00 100,000.00 100,000.00 0.00%
215 - LIGHTING & LANDSCAPING FUND 722,067.64314,472.113,854,500.00 3,854,500.00 3,132,432.36 18.73%
221 - AB 939 - CALRECYCLE FUND 17,664.508,664.50205,000.00 205,000.00 187,335.50 8.62%
223 - MEASURE A FUND 0.000.001,124,132.00 1,124,132.00 1,124,132.00 0.00%
226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)10,335.000.0010,000.00 10,000.00 -335.00 103.35%
227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)0.000.005,000.00 5,000.00 5,000.00 0.00%
230 - CASp FUND, AB 1379 0.000.005,500.00 5,500.00 5,500.00 0.00%
231 - SUCCESSOR AGCY PA 1 RORF 15,115,644.8215,115,644.824,271,147.00 4,271,147.00 -10,844,497.82 353.90%
235 - SO COAST AIR QUALITY FUND 0.000.0040,000.00 40,000.00 40,000.00 0.00%
237 - SUCCESSOR AGCY PA 1 ADMIN 1,800.000.0011,000.00 11,000.00 9,200.00 16.36%
241 - HOUSING AUTHORITY 392,922.93131,686.901,709,533.00 1,709,533.00 1,316,610.07 22.98%
243 - RDA LOW-MOD HOUSING FUND 375,000.000.00325,000.00 325,000.00 -50,000.00 115.38%
247 - ECONOMIC DEVELOPMENT FUND 681.67681.6731,500.00 31,500.00 30,818.33 2.16%
249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)0.000.00150,000.00 150,000.00 150,000.00 0.00%
250 - TRANSPORTATION DIF FUND 400,000.000.00979,109.00 979,109.00 579,109.00 40.85%
253 - LIBRARY DEVELOPMENT DIF 0.000.0015,000.00 15,000.00 15,000.00 0.00%
254 - COMMUNITY & CULTURAL CENTERS DIF 0.000.00482,561.00 482,561.00 482,561.00 0.00%
259 - MAINTENANCE FACILITIES DIF FUND 0.000.00362,526.00 362,526.00 362,526.00 0.00%
270 - ART IN PUBLIC PLACES FUND 36,495.7813,936.14233,000.00 233,000.00 196,504.22 15.66%
310 - LQ FINANCE AUTHORITY DEBT SERVICE 0.000.001,000.00 1,000.00 1,000.00 0.00%
401 - CAPITAL IMPROVEMENT PROGRAMS 2,856,603.791,946,975.1924,293,033.00 24,293,033.00 21,436,429.21 11.76%
501 - FACILITY & FLEET REPLACEMENT 141,648.9237,254.721,745,913.00 1,745,913.00 1,604,264.08 8.11%
502 - INFORMATION TECHNOLOGY 865,790.00196,279.114,195,820.00 4,195,820.00 3,330,030.00 20.63%
503 - PARK EQUIP & FACILITY FUND 446,872.21430,281.40935,000.00 935,000.00 488,127.79 47.79%
504 - INSURANCE FUND 1,179,506.36303.301,242,600.00 1,242,600.00 63,093.64 94.92%
601 - SILVERROCK RESORT 844,659.52207,548.675,517,000.00 5,517,000.00 4,672,340.48 15.31%
760 - SUPPLEMENTAL PENSION PLAN 12,832.860.0012,850.00 12,850.00 17.14 99.87%
761 - CERBT OPEB TRUST 399.13399.131,500.00 1,500.00 1,100.87 26.61%
762 - PARS PENSION TRUST 8,914.513,003.8730,000.00 30,000.00 21,085.49 29.72%
Report Total:24,092,918.31 33,611,759.53156,239,192.00 156,239,192.00 122,627,432.47 21.51%
Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report, published annually, is the best resource for all final audited numbers.
52
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% 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)Supplemental pension savings plan for excess retiree benefits to general employees of the City.
761 Other Post Benefit Obligation Trust (OPEB)For retiree medical benefits and unfunded liabilities.
762 Pension Trust Benefit (PARS Account)For all pension-related benefits and unfunded liabilities.
Fund Descriptions
Page 3 of 3
53
54
City of La Quinta
CITY COUNCIL MEETING: December 2, 2025
STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE FIRST QUARTER FISCAL YEAR 2025/26
TREASURY REPORTS FOR JULY, AUGUST, AND SEPTEMBER 2025
RECOMMENDATION
Receive and file the first quarter fiscal year 2025/26 Treasury Reports for July, August, and
September 2025.
BACKGROUND/ANALYSIS
Commentary and Summary of Significant Activity
The total book value of the portfolio decreased approximately $20.7 million from $301.4
million at the end of June to $280.7 million at the end of September. In addition to normal
operations, the decrease was due to the payment of Successor Agency debt service
obligations, as well as capital improvement project expenditures such as the Hwy 111
pavement rehabilitation project. The portfolio is within policy limits for 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.
The total market value of the portfolio decreased $19.9 million from $301.5 million in June
to $281.5 million in September. This variance differs from the book value decrease due to
market valuation fluctuations in response to interest rates. Utilizing short-term funds for
liquidity needs eliminates circumstances which might require the sale of longer-term
investments at unfavorable prices, and therefore the City remains unaffected by these
market fluctuations.
CONSENT CALENDAR ITEM NO. 6
55
Treasury Rates
The annualized total rate of return averaged 3.73% for the quarter and the portfolio yield to
maturity was 3.69%. Total interest received for the quarter was $2.21 million.
City staff routinely evaluates liquidity needs while also monitoring market trends. We are
closely watching the treasury market, which continues to experience yield fluctuations as
the market tries to predict the Fed movements. We are continuing to utilize the CAMP pool,
but may transfer more assets to the Local Agency Investment Fund (LAIF) as yields
continue to drop. 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.
Throughout the quarter, seven federal agency bonds and four CDs matured, and one
agency bond was called. Five federal agency bonds, five treasuries, two CDs and one
CAMP TERM were purchased. Maturities and purchases are listed in detail in the attached
reports.
Other Notes
Money market funds with the fiscal agent are bond proceeds subject to bond indentures,
not the City’s investment policy. Successor Agency (SA) funds cannot be invested long-
term; therefore, SA funds are only invested in LAIF.
Looking Ahead
The Treasurer follows a “buy and hold” Investment Policy, unless it is fiscally advantageous
to actively trade outside of maturity dates. In the short term, the Treasurer will invest in
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.
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
7/31/2025 4.49 4.46 4.41 4.31 4.10 3.94 3.89 3.96 4.14 4.37 4.89 4.89
8/29/2025 4.41 4.30 4.23 4.01 3.83 3.59 3.58 3.68 3.92 4.23 4.86 4.92
9/30/2025 4.20 4.15 4.02 3.83 3.68 3.60 3.61 3.74 3.93 4.16 4.71 4.73
Total Interest
Received
Average Days
to Maturity
Yield To
Maturity
Annualized
Total Rate of
R eturn
July 701,855$ 602 3.67% 3.70%
August 715,356$ 583 3.71% 3.70%
September 799,088$ 629 3.70% 3.78%
Quarter 1 2,216,299$ 605 3.69% 3.73%
56
ALTERNATIVES - None
Prepared by: Rosemary Hallick, Principal Management Analyst
Approved by: Claudia Martinez, Finance Director/City Treasurer
Attachment: 1. Treasurer’s Report for July 1, 2025 to September 30, 2025
57
Portfolio Name Face Amount/Shares Market Value Book Value % of Portfolio YTM @ Cost Days To Maturity
CAMP 60,879,268.48 60,879,268.48 60,879,268.48 20.43 4.24 163
CERBT OPEB Trust 2,217,819.48 2,217,819.48 2,217,819.48 0.74 0.35 1
Fiscal Agent - Debt Service 23,321.94 23,321.94 23,321.94 0.01 3.76 1
Fixed Income Investments 172,444,000.00 171,329,882.27 171,782,716.52 57.64 3.49 986
Housing Authority - LQPR 246,049.69 246,049.69 246,049.69 0.08 0.00 1
Housing Authority - DPME 1,317,521.27 1,317,521.27 1,317,521.27 0.44 0.00 1
Housing Authority - LAIF 2,251,643.93 2,255,988.66 2,251,643.93 0.76 4.26 1
LAIF 40,025,154.52 40,102,386.30 40,025,154.52 13.43 4.26 1
Money Market at Custodian 2,327,228.39 2,327,228.39 2,327,228.39 0.78 4.17 1
Operating Funds 10,777,023.86 10,777,023.86 10,777,023.86 3.62 4.17 1
PARS Pension Trust 6,180,464.21 6,180,464.21 6,180,464.21 2.07 0.18 1
Total / Average 298,689,495.77 297,656,954.55 298,028,212.29 100.00 3.67 602
DateClaudia Martinez, Finance Director/City Treasurer
COMPLIANCE | 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.
City of La Quinta
Investment Portfolio
Quarterly Investment Report
July 31, 2025
ATTACHMENT 1
58
City of La Quinta | CA
Portfolio Holdings
Compliance Report | Investment Policy - by Issuer
Report Format: By Transaction
Group By: Security Type
Average By: Face Amount / Shares
Portfolio / Report Group: All Portfolios
As of 7/31/2025
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
Cash
BMO Bank | LQ Palms
Realty Cash LQPR1935
Checking |
Savings |
Sweep
Accounts
0.08 15.70 3/31/2024 0.000 246,049.69 246,049.69 246,049.69 N/A 1
BMO Suntrust | Dune
Palms Cash DPME4741-3599
Checking |
Savings |
Sweep
Accounts
0.44 84.09 3/31/2024 0.000 1,317,521.27 1,317,521.27 1,317,521.27 N/A 1
City of La Quinta Cash PETTYCASH
Checking |
Savings |
Sweep
Accounts
0.00 0.21 3/31/2024 0.000 3,300.00 3,300.00 3,300.00 N/A 1
Sub Total / Average
Cash 0.52 100.00 0.000 1,566,870.96 1,566,870.96 1,566,870.96 1 0.00
Corporate Bond
Blackrock Funding Inc4.7 3/14/2029-29 09290DAA9 CorporateNotes | 30 %0.33 40.00 3/28/2024 4.623 1,000,000.00 1,003,380.00 1,016,610.00 3/14/2029 1,322 17,886.11
International Finance
Corp 0.5 2/26/2026 45950VPS9 Corporate
Notes | 30 %0.17 20.00 2/26/2021 0.610 500,000.00 497,300.00 488,625.00 2/26/2026 210 1,076.39
Walmart Inc 3.7
6/26/2028-28 931142EE9 Corporate
Notes | 30 %0.33 40.00 6/26/2023 4.303 1,000,000.00 973,110.00 991,160.00 6/26/2028 1,061 3,597.22
Sub Total / AverageCorporate Bond 0.84 100.00 3.692 2,500,000.00 2,473,790.00 2,496,395.00 995 22,559.72
FFCB Bond
FFCB 0.71 8/10/2026-
23 3133EM2C5 US Agency |
100 %0.17 1.96 8/10/2021 0.792 500,000.00 498,000.00 482,585.00 8/10/2026 375 1,686.25
FFCB 0.8 9/10/2026 3133EM4X7
US Agency |
100 %0.33 3.92 9/28/2021 0.985 1,000,000.00 991,080.00 963,330.00 9/10/2026 406 3,133.33
FFCB 1.27 11/2/2026 3133ENCQ1
US Agency |
100 %0.33 3.92 11/2/2021 1.270 1,000,000.00 1,000,000.00 964,710.00 11/2/2026 459 3,139.72
FFCB 3.375 9/15/2027 3133ENL99
US Agency |100 %0.33 3.92 9/15/2022 3.430 1,000,000.00 997,492.55 989,800.00 9/15/2027 776 12,750.00
FFCB 3.5 9/10/2029 3133ERSP7
US Agency |
100 %0.33 3.92 9/18/2024 3.470 1,000,000.00 1,001,350.00 978,100.00 9/10/2029 1,502 13,708.33
FFCB 3.75 12/7/2027 3133EN3S7
US Agency |
100 %0.33 3.92 12/7/2022 3.794 1,000,000.00 998,000.00 993,430.00 12/7/2027 859 5,625.00
59
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
FFCB 3.75 8/15/2029 3133ERPS4
US Agency |
100 %0.33 3.92 8/15/2024 3.800 1,000,000.00 997,742.00 987,910.00 8/15/2029 1,476 17,291.67
FFCB 3.875 1/18/2029 3133EPW84
US Agency |
100 %0.33 3.92 1/18/2024 4.051 1,000,000.00 992,100.00 994,550.00 1/18/2029 1,267 1,399.31
FFCB 3.875 1/18/2029 3133EPW84
US Agency |100 %0.33 3.92 1/30/2024 4.000 1,000,000.00 994,400.00 994,550.00 1/18/2029 1,267 1,399.31
FFCB 3.875 10/15/2027 3133ERXJ5
US Agency |
100 %0.33 3.92 10/15/2024 3.875 1,000,000.00 1,000,000.00 996,290.00 10/15/2027 806 11,409.72
FFCB 3.875 12/10/2027 3133ER6Q9
US Agency |
100 %0.33 3.92 3/19/2025 4.020 1,000,000.00 996,331.25 996,200.00 12/10/2027 862 5,489.58
FFCB 3.875 2/14/2028 3133EPAV7
US Agency |
100 %0.33 3.92 2/15/2023 3.977 1,000,000.00 995,400.00 996,990.00 2/14/2028 928 17,975.69
FFCB 3.875 6/8/2028 3133EPME2
US Agency |
100 %0.33 3.92 6/8/2023 3.915 1,000,000.00 998,190.00 996,050.00 6/8/2028 1,043 5,704.86
FFCB 4 11/29/2027 3133EN3H1
US Agency |
100 %0.33 3.92 11/29/2022 4.030 1,000,000.00 998,650.00 998,950.00 11/29/2027 851 6,888.89
FFCB 4 3/18/2030 3133ER7L9
US Agency |
100 %0.33 3.92 3/19/2025 4.080 1,000,000.00 996,415.16 995,100.00 3/18/2030 1,691 14,777.78
FFCB 4 4/1/2030 3133ETBF3
US Agency |
100 %0.33 3.92 4/9/2025 3.900 1,000,000.00 1,004,470.00 1,000,200.00 4/1/2030 1,705 13,333.33
FFCB 4 5/1/2030 3133ETFA0
US Agency |100 %0.33 3.92 5/1/2025 4.000 1,000,000.00 1,000,000.00 994,570.00 5/1/2030 1,735 10,000.00
FFCB 4 6/17/2030 3133ETLM7
US Agency |
100 %0.33 3.92 6/17/2025 4.045 1,000,000.00 997,981.30 1,001,470.00 6/17/2030 1,782 4,888.89
FFCB 4 9/29/2027 3133ENQ29
US Agency |
100 %0.33 3.92 9/30/2022 4.080 1,000,000.00 996,400.00 1,000,380.00 9/29/2027 790 13,555.56
FFCB 4.125 12/17/2029 3133ERL41
US Agency |
100 %0.33 3.92 12/17/2024 4.140 1,000,000.00 999,320.00 1,000,890.00 12/17/2029 1,600 5,041.67
FFCB 4.125 2/13/2029 3133EP3B9
US Agency |
100 %0.33 3.92 2/14/2024 4.318 1,000,000.00 991,400.00 1,002,390.00 2/13/2029 1,293 19,250.00
FFCB 4.25 7/17/2028 3133EPQD0
US Agency |
100 %0.33 3.92 7/31/2023 4.280 1,000,000.00 998,655.69 1,006,490.00 7/17/2028 1,082 1,652.78
FFCB 4.25 8/7/2028 3133EPSK2
US Agency |
100 %0.33 3.92 8/18/2023 4.467 1,000,000.00 990,400.00 1,006,560.00 8/7/2028 1,103 20,541.67
FFCB 4.33 3/18/2030-
27 3133ER7E5 US Agency |
100 %0.33 3.92 4/23/2025 4.330 1,000,000.00 1,000,000.00 997,850.00 3/18/2030 1,691 15,996.94
FFCB 4.375 4/10/2029 3133ERAK7
US Agency |100 %0.33 3.92 4/23/2024 4.701 1,000,000.00 985,690.00 1,012,730.00 4/10/2029 1,349 13,489.58
FFCB 4.625 11/13/2028 3133EPC45
US Agency |
100 %0.33 3.92 11/13/2023 4.630 1,000,000.00 999,770.00 1,017,910.00 11/13/2028 1,201 10,020.83
Sub Total / AverageFFCB Bond 8.54 100.00 3.764 25,500,000.00 25,419,237.95 25,369,985.00 1,165 250,150.69
FHLB Bond
FHLB 0.375 12/12/2025 3130AKFA9
US Agency |
100 %0.17 1.91 12/7/2020 0.480 500,000.00 497,400.00 492,990.00 12/12/2025 134 255.21
FHLB 0.51 1/14/2026-
22 3130AKMZ6 US Agency |
100 %0.17 1.91 1/14/2021 0.510 500,000.00 500,000.00 491,250.00 1/14/2026 167 120.42
60
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
FHLB 0.55 1/29/2026-
21 3130AKN28 US Agency |
100 %0.17 1.91 1/29/2021 0.550 500,000.00 500,000.00 490,675.00 1/29/2026 182 15.28
FHLB 0.75 6/12/2026 3130AMFS6
US Agency |
100 %0.33 3.82 6/17/2021 0.885 1,000,000.00 993,420.00 971,140.00 6/12/2026 316 1,020.83
FHLB 0.95 10/13/2026-
23 3130APB46 US Agency |
100 %0.33 3.82 10/13/2021 0.986 1,000,000.00 998,250.00 962,510.00 10/13/2026 439 2,850.00
FHLB 1 9/30/2026-22 3130APBM6
US Agency |
100 %0.33 3.82 9/30/2021 1.021 1,000,000.00 999,000.00 963,810.00 9/30/2026 426 3,333.33
FHLB 1.25 12/21/2026 3130AQF65
US Agency |
100 %0.33 3.82 12/22/2021 1.255 1,000,000.00 999,750.00 962,340.00 12/21/2026 508 1,388.89
FHLB 1.5 1/27/2027-23 3130AQJR5
US Agency |100 %0.33 3.82 1/27/2022 1.500 1,000,000.00 1,000,000.00 962,680.00 1/27/2027 545 166.67
FHLB 1.83 2/10/2027-
23 3130AQSA2 US Agency |
100 %0.33 3.82 2/10/2022 1.830 1,000,000.00 1,000,000.00 965,850.00 2/10/2027 559 8,692.50
FHLB 2.5 10/14/2025-
23 3130ARGJ4 US Agency |
100 %0.17 1.91 4/14/2022 2.500 500,000.00 500,000.00 498,000.00 10/14/2025 75 3,715.28
FHLB 2.7 4/19/2027-24 3130ARGY1
US Agency |
100 %0.33 3.82 4/19/2022 2.700 1,000,000.00 1,000,000.00 976,990.00 4/19/2027 627 7,650.00
FHLB 3.3 6/28/2027-24 3130ASDV8
US Agency |
100 %0.10 1.15 6/28/2022 3.300 300,000.00 300,000.00 295,887.00 6/28/2027 697 907.50
FHLB 4 10/5/2029-27 3130B35F6
US Agency |100 %0.33 3.82 10/8/2024 4.000 1,000,000.00 1,000,000.00 987,350.00 10/5/2029 1,527 12,888.89
FHLB 4 10/9/2026 3130B3A29
US Agency |
100 %0.33 3.82 3/19/2025 4.020 1,000,000.00 999,682.10 998,910.00 10/9/2026 435 12,444.44
FHLB 4 7/30/2029-27 3130B7BU7
US Agency |
100 %0.33 3.82 7/31/2025 4.000 1,000,000.00 1,000,000.00 999,830.00 7/30/2029 1,460 0.00
FHLB 4.125 4/4/2030-
27 3130B5SX7 US Agency |
100 %0.33 3.82 4/4/2025 4.125 1,000,000.00 1,000,000.00 987,890.00 4/4/2030 1,708 13,406.25
FHLB 4.125 9/14/2029 3130ATHX8
US Agency |
100 %0.33 3.82 10/31/2024 4.125 1,000,000.00 1,000,000.00 1,007,600.00 9/14/2029 1,506 15,697.92
FHLB 4.2 3/27/2030-28 3130B5K80
US Agency |
100 %0.33 3.82 3/27/2025 4.200 1,000,000.00 1,000,000.00 992,200.00 3/27/2030 1,700 14,466.67
FHLB 4.3 10/23/2029-
26 3130B3ES8 US Agency |
100 %0.33 3.82 10/30/2024 4.351 1,000,000.00 997,750.00 993,230.00 10/23/2029 1,545 11,705.56
FHLB 4.3 6/17/2030-27 3130B6PN0
US Agency |
100 %0.33 3.82 6/17/2025 4.300 1,000,000.00 1,000,000.00 997,050.00 6/17/2030 1,782 5,255.56
FHLB 4.45 2/12/2029-27 3130AYXU5 US Agency |100 %0.67 7.63 2/15/2024 4.450 2,000,000.00 2,000,000.00 1,997,080.00 2/12/2029 1,292 41,780.56
FHLB 4.5 12/10/2029-
26 3130B46Y2 US Agency |
100 %0.33 3.82 12/31/2024 4.500 1,000,000.00 1,000,000.00 996,300.00 12/10/2029 1,593 6,375.00
FHLB 4.5 2/18/2028-26 3130B4YH8
US Agency |
100 %0.33 3.82 2/26/2025 4.500 1,000,000.00 1,000,000.00 997,300.00 2/18/2028 932 20,375.00
FHLB 4.65 1/14/2030-
28 3130B4LS8 US Agency |
100 %0.33 3.82 1/14/2025 4.650 1,000,000.00 1,000,000.00 1,007,550.00 1/14/2030 1,628 2,195.83
FHLB 4.75 9/8/2028 3130AXEL8
US Agency |
100 %0.33 3.82 10/3/2023 4.762 1,000,000.00 999,500.00 1,024,130.00 9/8/2028 1,135 18,868.06
FHLB 5 2/15/2029-25 3130AYYJ9
US Agency |
100 %0.33 3.82 2/15/2024 5.000 1,000,000.00 1,000,000.00 1,000,230.00 2/15/2029 1,295 23,055.56
61
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
FHLB 5.04 4/23/2029-
27 3130B14L8 US Agency |
100 %0.30 3.44 4/25/2024 5.040 900,000.00 900,000.00 905,616.00 4/23/2029 1,362 12,348.00
FHLB Step 11/24/2026-
22 3130APTV7 US Agency |
100 %0.17 1.91 11/24/2021 1.489 500,000.00 499,500.00 486,500.00 11/24/2026 481 1,861.11
FHLB Step 3/30/2026 3130ALV92
US Agency |100 %0.17 1.91 3/30/2021 0.938 500,000.00 500,000.00 489,305.00 3/30/2026 242 1,750.00
Sub Total / Average
FHLB Bond 8.77 100.00 3.220 26,200,000.00 26,184,252.10 25,902,193.00 1,005 244,590.32
FHLMC Bond
FHLMC 0.375
9/23/2025 3137EAEX3 US Agency |
100 %0.17 12.82 2/23/2021 0.552 500,000.00 495,999.50 497,050.00 9/23/2025 54 666.67
FHLMC 0.375
9/23/2025 3137EAEX3 US Agency |
100 %0.33 25.64 3/30/2021 0.740 1,000,000.00 983,940.00 994,100.00 9/23/2025 54 1,333.33
FHLMC 0.55
12/30/2025 3134GXGZ1 US Agency |
100 %0.17 12.82 12/30/2020 0.550 500,000.00 500,000.00 492,160.00 12/30/2025 152 229.17
FHLMC 0.65
10/27/2025-21 3134GW5R3 US Agency |
100 %0.13 10.26 1/5/2022 1.232 400,000.00 391,360.00 396,448.00 10/27/2025 88 678.89
FHLMC 0.7 12/30/2026-
21 3134GWUQ7 US Agency |
100 %0.33 25.64 2/10/2022 1.870 1,000,000.00 945,570.00 952,590.00 12/30/2026 517 2,333.33
FHLMC 0.8 10/28/2026-21 3134GW6C5 US Agency |100 %0.17 12.82 1/5/2022 1.404 500,000.00 486,000.00 480,130.00 10/28/2026 454 1,033.33
Sub Total / Average
FHLMC Bond 1.31 100.00 1.117 3,900,000.00 3,802,869.50 3,812,478.00 240 6,274.72
FNMA Bond
FNMA 0.5 11/7/2025 3135G06G3
US Agency |
100 %0.33 9.09 12/7/2021 1.120 1,000,000.00 976,300.00 989,700.00 11/7/2025 99 1,166.67
FNMA 0.5 11/7/2025 3135G06G3
US Agency |
100 %0.33 9.09 8/29/2024 4.170 1,000,000.00 957,850.00 989,700.00 11/7/2025 99 1,166.67
FNMA 0.5 8/14/2025-23 3135G05S8
US Agency |
100 %0.17 4.55 8/14/2020 0.500 500,000.00 500,000.00 499,295.00 8/14/2025 14 1,159.72
FNMA 0.52 8/18/2025 3136G4M75
US Agency |
100 %0.17 4.55 8/28/2020 0.530 500,000.00 499,750.00 499,095.00 8/18/2025 18 1,177.22
FNMA 0.56 11/17/2025-
22 3135GA2Z3 US Agency |
100 %0.17 4.55 11/17/2020 0.591 500,000.00 499,250.00 494,400.00 11/17/2025 109 575.56
FNMA 0.56 8/21/2025-23 3136G4N74 US Agency |100 %0.33 9.09 8/21/2020 0.560 1,000,000.00 1,000,000.00 997,900.00 8/21/2025 21 2,488.89
FNMA 0.6 12/23/2025-
21 3135GA7D7 US Agency |
100 %0.17 4.55 12/23/2020 0.600 500,000.00 500,000.00 492,610.00 12/23/2025 145 316.67
FNMA 4 5/6/2030-27 3136GAGH6
US Agency |
100 %0.33 9.09 5/6/2025 4.000 1,000,000.00 1,000,000.00 991,840.00 5/6/2030 1,740 9,444.44
FNMA 4.125 3/12/2030-
26 3136GACD9 US Agency |
100 %0.33 9.09 3/12/2025 4.375 1,000,000.00 988,880.00 992,000.00 3/12/2030 1,685 15,927.08
FNMA 4.125 7/16/2030-
27 3136GAKH1 US Agency |
100 %0.33 9.09 7/25/2025 4.126 1,000,000.00 999,950.00 997,920.00 7/16/2030 1,811 1,489.58
FNMA 4.15 7/28/2028-
26 3136GAKZ1 US Agency |
100 %0.33 9.09 7/31/2025 4.150 1,000,000.00 1,000,000.00 998,780.00 7/28/2028 1,093 0.00
62
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
FNMA 4.25 4/8/2030-27 3136GAF20
US Agency |
100 %0.33 9.09 4/9/2025 4.250 1,000,000.00 1,000,000.00 998,750.00 4/8/2030 1,712 13,340.28
FNMA 4.5 5/20/2030-26 3136GAHF9
US Agency |
100 %0.33 9.09 5/28/2025 4.500 1,000,000.00 1,000,000.00 1,001,170.00 5/20/2030 1,754 7,875.00
Sub Total / AverageFNMA Bond 3.68 100.00 2.942 11,000,000.00 10,921,980.00 10,943,160.00 923 56,127.78
Guaranteed Investment Contract
CAMP TERM 4.07
6/25/2026 CAMPTERM62526 Investment
Pools 10.04 100.00 7/3/2025 4.070 30,000,000.00 30,000,000.00 30,000,000.00 6/25/2026 329 93,665.75
Sub Total / AverageGuaranteedInvestment Contract 10.04 100.00 4.070 30,000,000.00 30,000,000.00 30,000,000.00 329 93,665.75
Local Government Investment Pool
CAMP LGIP CAMP7001 Investment
Pools 10.34 42.21 3/31/2024 4.410 30,879,268.48 30,879,268.48 30,879,268.48 N/A 1
LAIF | City LGIP CITYLAIF3434
Investment
Pools 13.40 54.71 2/28/2024 4.258 40,025,154.52 40,025,154.52 40,102,386.30 N/A 1
LAIF | Housing LGIP HOUSINGLAIF3005
Investment
Pools 0.75 3.08 2/28/2024 4.258 2,251,643.93 2,251,643.93 2,255,988.66 N/A 1
Sub Total / AverageLocal Government
Investment Pool
24.49 100.00 4.322 73,156,066.93 73,156,066.93 73,237,643.44 1 0.00
Money Market
BMO Bank | Operating
MM BMO1851OP Money MarketMutual Funds |
20 %
3.61 50.06 3/31/2024 4.170 10,773,723.86 10,773,723.86 10,773,723.86 N/A 1
OPEB Trust MM OPEBTRUST
Trusts NotSubject to
Policy
0.74 10.30 3/31/2024 0.350 2,217,819.48 2,217,819.48 2,217,819.48 N/A 1
PARS Pension Trust
MM PARSTRUST Trusts NotSubject to
Policy
2.07 28.72 3/31/2024 0.180 6,180,464.21 6,180,464.21 6,180,464.21 N/A 1
US Bank | Custodian
MM USB3000 Money MarketMutual Funds |
20 %
0.78 10.81 3/31/2024 4.170 2,327,228.39 2,327,228.39 2,327,228.39 N/A 1
US Bank | Fiscal Agent
MM USB4000-6000 Money MarketMutual Funds |
20 %
0.01 0.11 3/31/2024 3.760 23,321.94 23,321.94 23,321.94 N/A 1
Sub Total / AverageMoney Market 7.21 100.00 2.630 21,522,557.88 21,522,557.88 21,522,557.88 1 0.00
Negotiable Certificate Of Deposit
Advantage Credit Union
IA 4.45 7/31/2028 00790UAE7 Certificate of
Deposits | 30 %0.08 0.69 7/31/2024 4.450 249,000.00 249,000.00 252,251.94 7/31/2028 1,096 0.00
Affinity Bank, NA GA
4.9 3/17/2028 00833JAQ4 Certificate of
Deposits | 30 %0.08 0.68 3/17/2023 4.900 248,000.00 248,000.00 253,694.08 3/17/2028 960 466.10
Alabama Credit Union 5
6/22/2026 01025RAG4 Certificate of
Deposits | 30 %0.08 0.68 6/20/2023 5.000 248,000.00 248,000.00 249,646.72 6/22/2026 326 373.7063
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
All In FCU AL 4.4
12/20/2027 01664MAB2 Certificate of
Deposits | 30 %0.08 0.68 12/20/2022 4.400 248,000.00 248,000.00 250,427.92 12/20/2027 872 328.85
Alliant Credit Union IL 5
12/30/2027 01882MAC6 Certificate of
Deposits | 30 %0.08 0.68 12/30/2022 5.000 247,000.00 247,000.00 252,844.02 12/30/2027 882 33.84
Altaone FCU CA 4.457/19/2029 02157RAA5 Certificate ofDeposits | 30 %0.08 0.69 7/19/2024 4.450 249,000.00 249,000.00 253,093.56 7/19/2029 1,449 910.73
Amerant Bank, NA FL
1.6 2/16/2027 02357QAQ0 Certificate of
Deposits | 30 %0.08 0.67 2/14/2022 1.600 245,000.00 245,000.00 236,082.00 2/16/2027 565 1,793.53
American Express Nat'l
Bank 3.45 7/27/2027 02589ADH2 Certificate of
Deposits | 30 %0.08 0.67 8/29/2022 3.450 245,000.00 245,000.00 242,559.80 7/27/2027 726 92.63
Austin Telco FCU TX
3.8 9/21/2027 052392BT3 Certificate of
Deposits | 30 %0.08 0.68 9/21/2022 3.800 248,000.00 248,000.00 247,184.08 9/21/2027 782 774.58
Balboa Thrift & Loan
4.4 7/19/2028 05765LBU0 Certificate of
Deposits | 30 %0.08 0.68 7/19/2023 4.400 248,000.00 248,000.00 256,675.04 7/19/2028 1,084 358.75
Ballston Spa Nat'l Bank
NY 4.8 11/24/2026 058723AQ0 Certificate of
Deposits | 30 %0.08 0.68 5/24/2024 4.800 248,000.00 248,000.00 250,122.88 11/24/2026 481 228.30
Bank Five Nine WI 4.25
5/12/2028 062119BT8 Certificate of
Deposits | 30 %0.08 0.68 5/12/2023 4.250 248,000.00 248,000.00 249,736.00 5/12/2028 1,016 548.66
Bank of America 5.2
12/8/2025 06051XEF5 Certificate of
Deposits | 30 %0.08 0.67 6/6/2024 5.200 243,000.00 243,000.00 243,743.58 12/8/2025 130 1,904.05
Bank of the Sierra CA4.6 3/15/2027 064860MC0 Certificate ofDeposits | 30 %0.08 0.67 3/15/2023 4.600 244,000.00 244,000.00 245,978.84 3/15/2027 592 4,243.59
Bankers Bank WI 4.15
5/24/2028 06610RCA5 Certificate of
Deposits | 30 %0.08 0.68 5/24/2023 4.150 248,000.00 248,000.00 249,088.72 5/24/2028 1,028 197.38
BankFirst Norfolk NE
4.5 6/21/2029 06644QAC5 Certificate of
Deposits | 30 %0.08 0.68 6/21/2024 4.500 248,000.00 248,000.00 252,441.68 6/21/2029 1,421 305.75
Baxter Credit Union IL
4.35 8/22/2028 07181JBH6 Certificate of
Deposits | 30 %0.08 0.68 8/22/2024 4.350 248,000.00 248,000.00 250,551.92 8/22/2028 1,118 266.01
Beal Bank TX 1.9
2/17/2027 07371AYE7 Certificate of
Deposits | 30 %0.08 0.67 2/23/2022 1.900 245,000.00 245,000.00 237,162.45 2/17/2027 566 2,015.04
Beal Bank USA NV 1.9
2/17/2027 07371CE88 Certificate of
Deposits | 30 %0.08 0.67 2/23/2022 1.900 245,000.00 245,000.00 237,162.45 2/17/2027 566 2,015.04
Blue Ridge Bank, NA
VA 4.2 2/28/2028 09582YAF9 Certificate of
Deposits | 30 %0.08 0.67 2/28/2023 4.200 244,000.00 244,000.00 245,317.60 2/28/2028 942 4,295.74
BMW Bank North
America 4 11/23/2027 05612LFA5 Certificate of
Deposits | 30 %0.08 0.67 5/23/2025 4.000 244,000.00 244,000.00 244,085.40 11/23/2027 845 1,845.04
BNY Mellon, NA PA 4.59/7/2028 05584CJJ6 Certificate ofDeposits | 30 %0.08 0.67 9/7/2023 4.500 244,000.00 244,000.00 247,479.44 9/7/2028 1,134 4,392.00
BOM Bank LA 4.1
6/24/2030 09776DAV6 Certificate of
Deposits | 30 %0.08 0.68 6/24/2025 4.100 248,000.00 248,000.00 249,073.84 6/24/2030 1,789 195.00
Bridgewater Bank MN
4.85 3/29/2027 108622NJ6 Certificate of
Deposits | 30 %0.08 0.68 3/29/2023 4.850 248,000.00 248,000.00 251,214.08 3/29/2027 606 65.91
Capital One, NA 1.1
11/17/2026 14042RQB0 Certificate of
Deposits | 30 %0.08 0.68 11/17/2021 1.100 248,000.00 248,000.00 238,543.76 11/17/2026 474 560.55
Carter Bank & Trust
4.55 7/5/2029 146102AS7 Certificate of
Deposits | 30 %0.08 0.68 7/5/2024 4.550 248,000.00 248,000.00 252,930.24 7/5/2029 1,435 803.79
Carter FCU LA 0.75
4/27/2026 14622LAA0 Certificate of
Deposits | 30 %0.08 0.68 4/27/2021 0.750 248,000.00 248,000.00 241,946.32 4/27/2026 270 20.38
64
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
Celtic Bank UT 3.65
9/26/2029 15118RR33 Certificate of
Deposits | 30 %0.08 0.68 9/26/2024 3.650 248,000.00 248,000.00 244,656.96 9/26/2029 1,518 124.00
Central Bank AK 4
5/12/2028 152577BN1 Certificate of
Deposits | 30 %0.08 0.68 5/12/2023 4.000 248,000.00 248,000.00 248,106.64 5/12/2028 1,016 516.38
cfsbank PA 4.7
11/30/2027 12526AAM9 Certificate of
Deposits | 30 %0.08 0.67 5/30/2024 4.700 244,000.00 244,000.00 247,843.00 11/30/2027 852 1,916.57
Chartway FCU VA 4.9
6/9/2026 16141BAC5 Certificate of
Deposits | 30 %0.08 0.68 6/9/2023 4.900 248,000.00 248,000.00 249,311.92 6/9/2026 313 732.45
CIBC Bank USA IL 4.35
5/16/2028 12547CBJ6 Certificate of
Deposits | 30 %0.08 0.67 5/16/2023 4.350 244,000.00 244,000.00 246,239.92 5/16/2028 1,020 2,210.04
Comenity Capital BankUT 2.65 4/14/2027 20033A3A2 Certificate ofDeposits | 30 %0.08 0.68 4/14/2022 2.650 248,000.00 248,000.00 242,372.88 4/14/2027 622 306.09
ConnectOne Bank NJ
0.8 9/24/2026 20786ADL6 Certificate of
Deposits | 30 %0.08 0.68 9/24/2021 0.800 248,000.00 248,000.00 238,647.92 9/24/2026 420 38.05
Connexus Credit Union
WI 1.25 12/23/2026 20825WAR1 Certificate of
Deposits | 30 %0.08 0.69 12/23/2021 1.250 249,000.00 249,000.00 239,396.07 12/23/2026 510 0.00
Cornerstone Comm.
FCU NY 3.7 10/1/2029 21923MAB7 Certificate of
Deposits | 30 %0.08 0.68 9/30/2024 3.700 248,000.00 248,000.00 245,143.04 10/1/2029 1,523 25.14
County Schools FCU
CA 4.4 9/30/2027 22258JAB7 Certificate of
Deposits | 30 %0.08 0.68 9/30/2022 4.400 248,000.00 248,000.00 250,251.84 9/30/2027 791 29.90
Covantage Credit UnionWI 4.2 8/7/2028 22282XAD2 Certificate ofDeposits | 30 %0.08 0.68 8/6/2024 4.200 247,000.00 247,000.00 248,477.06 8/7/2028 1,103 2,444.28
Cross River Bank NJ
4.5 4/26/2027 227563GC1 Certificate of
Deposits | 30 %0.08 0.67 4/26/2024 4.500 244,000.00 244,000.00 245,864.16 4/26/2027 634 2,887.89
Customers Bank PA 4.5
6/14/2028 23204HPB8 Certificate of
Deposits | 30 %0.08 0.67 6/14/2023 4.500 244,000.00 244,000.00 247,298.88 6/14/2028 1,049 1,413.86
Cy-Fair FCU TX 4.5
5/12/2028 23248UAB3 Certificate of
Deposits | 30 %0.08 0.68 5/12/2023 4.500 248,000.00 248,000.00 251,365.36 5/12/2028 1,016 580.93
Direct FCU MA 4.8
11/8/2027 25460FDW3 Certificate of
Deposits | 30 %0.08 0.68 11/7/2022 4.800 248,000.00 248,000.00 252,516.08 11/8/2027 830 782.73
Dort Financial Credit
Union MI 4.5
12/16/2027
25844MAK4 Certificate of
Deposits | 30 %0.08 0.68 12/16/2022 4.500 247,000.00 247,000.00 249,973.88 12/16/2027 868 913.56
EagleBank MD 4.05
4/16/2030 27002YHQ2 Certificate of
Deposits | 30 %0.08 0.68 4/16/2025 4.050 248,000.00 248,000.00 248,503.44 4/16/2030 1,720 412.77
Eaglemark Savings
Bank NV 2 3/2/2027 27004PCM3 Certificate of
Deposits | 30 %0.08 0.67 3/2/2022 2.000 245,000.00 245,000.00 237,262.90 3/2/2027 579 2,027.12
Empower FCU NY 5.25
11/15/2028 291916AJ3 Certificate of
Deposits | 30 %0.08 0.68 11/15/2023 5.250 247,000.00 247,000.00 256,571.25 11/15/2028 1,203 746.08
Enterprise Bank PA 4.66/7/2029 29367RND4 Certificate ofDeposits | 30 %0.08 0.68 6/7/2024 4.600 248,000.00 248,000.00 253,289.84 6/7/2029 1,407 750.12
EverBank, NA f/k/a
TIAA FSB 0.52/12/2026 87270LDL4 Certificate of
Deposits | 30 %0.08 0.67 2/12/2021 0.500 245,000.00 245,000.00 240,158.80 2/12/2026 196 567.19
Evergreen Bank Group
IL 3.85 7/27/2026 300185LM5 Certificate of
Deposits | 30 %0.08 0.68 1/27/2023 3.850 248,000.00 248,000.00 247,122.08 7/27/2026 361 104.64
Fahey Banking
Company 4.2 8/30/2027 303117DN2 Certificate of
Deposits | 30 %0.08 0.68 2/28/2025 4.200 248,000.00 248,000.00 249,222.64 8/30/2027 760 85.61
65
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
Farmers & Merchants
Bank of Colby 4.4
7/5/2029
30781JBU3 Certificate of
Deposits | 30 %0.08 0.68 7/5/2024 4.400 248,000.00 248,000.00 251,581.12 7/5/2029 1,435 777.29
Fidelity Bank LA 0.7
4/30/2026 31617CAV5 Certificate of
Deposits | 30 %0.08 0.68 4/30/2021 0.700 248,000.00 248,000.00 241,428.00 4/30/2026 273 0.00
Fieldpoint Private B&T
CT 4 9/4/2026 31657FBA4 Certificate of
Deposits | 30 %0.08 0.68 9/4/2024 4.000 248,000.00 248,000.00 247,506.48 9/4/2026 400 733.81
First Bank Elk River MN
4.4 6/30/2028 31911KAK4 Certificate of
Deposits | 30 %0.08 0.68 6/30/2023 4.400 248,000.00 248,000.00 255,075.44 6/30/2028 1,065 29.90
First Bank NJ 4.45
12/26/2025 319137CB9 Certificate of
Deposits | 30 %0.08 0.67 12/28/2023 4.450 244,000.00 244,000.00 244,134.20 12/26/2025 148 981.68
First Federal Savings IN
4.25 7/9/2026 32021YEV1 Certificate of
Deposits | 30 %0.08 0.68 2/9/2024 4.250 248,000.00 248,000.00 248,032.24 7/9/2026 343 635.29
First Nat'l Bank ofAmerica MI 3.75
10/30/2028
32110YQ24 Certificate of
Deposits | 30 %0.08 0.68 10/30/2024 3.750 248,000.00 248,000.00 246,206.96 10/30/2028 1,187 25.48
First Service CU f/k/aSPCO TX 4.35
1/20/2028
78472EAB0 Certificate of
Deposits | 30 %0.08 0.69 1/20/2023 4.350 249,000.00 249,000.00 251,208.63 1/20/2028 903 326.43
Forbright Bank MD 4.611/2/2027 34520LAT0 Certificate ofDeposits | 30 %0.08 0.68 11/2/2022 4.600 248,000.00 248,000.00 251,390.16 11/2/2027 824 906.39
Four Points FCU 4.55
5/11/2026 35089LAF0 Certificate of
Deposits | 30 %0.08 0.68 5/10/2023 4.550 248,000.00 248,000.00 248,471.20 5/11/2026 284 649.22
Genesee Regional
Bank NY 4.2
12/28/2026
37173RAL7 Certificate ofDeposits | 30 %0.08 0.67 12/27/2023 4.200 244,000.00 244,000.00 244,329.40 12/28/2026 515 954.61
Global FCU f/k/a Alaska
USA AK 4.6 3/8/2028 011852AE0 Certificate of
Deposits | 30 %0.08 0.68 3/8/2023 4.600 248,000.00 248,000.00 251,811.76 3/8/2028 951 718.86
Golden State Bank CA
4.45 6/22/2027 38120MCA2 Certificate of
Deposits | 30 %0.08 0.69 6/22/2023 4.450 249,000.00 249,000.00 251,116.50 6/22/2027 691 273.22
Goldman Sachs Bank
USA 1 7/28/2026 38149MXK4 Certificate of
Deposits | 30 %0.08 0.68 7/28/2021 1.000 248,000.00 248,000.00 240,078.88 7/28/2026 362 20.38
Greenstate Credit
Union IA 0.95 4/16/2026 39573LBC1 Certificate of
Deposits | 30 %0.08 0.69 4/16/2021 0.950 249,000.00 249,000.00 243,165.93 4/16/2026 259 194.42
Healthcare Systems
FCU VA 5.1 10/27/2028 42228LAN1 Certificate of
Deposits | 30 %0.08 0.68 10/27/2023 5.100 248,000.00 248,000.00 256,317.92 10/27/2028 1,184 138.61
Ideal Credit Union MN
4.5 12/29/2027 45157PAZ3 Certificate of
Deposits | 30 %0.08 0.68 12/29/2022 4.500 248,000.00 248,000.00 251,038.00 12/29/2027 881 917.26
Jeep Country FCU OH4.7 6/29/2027 472312AA5 Certificate ofDeposits | 30 %0.08 0.68 6/29/2023 4.700 248,000.00 248,000.00 251,290.96 6/29/2027 698 63.87
Knoxville TVA
Employees CreditUnion 4.85 8/25/202 499724AP7 Certificate of
Deposits | 30 %0.08 0.68 8/25/2023 4.850 248,000.00 248,000.00 254,150.40 8/25/2028 1,121 988.60
Lafayette FCU MD 4.1
3/28/2029 50625LCA9 Certificate of
Deposits | 30 %0.08 0.68 3/28/2025 4.100 248,000.00 248,000.00 248,850.64 3/28/2029 1,336 83.57
Latino Community
Credit Union NC 4.5
12/21/2027
51828MAC8 Certificate ofDeposits | 30 %0.08 0.68 12/21/2022 4.500 248,000.00 248,000.00 250,993.36 12/21/2027 873 305.75
Leaders Credit Union
TN 5.1 10/30/2028 52171MAM7 Certificate of
Deposits | 30 %0.08 0.68 10/30/2023 5.100 248,000.00 248,000.00 256,397.28 10/30/2028 1,187 34.65
66
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
Legacy Bank & Trust
Co. MO 4.5 9/27/2028 52470QEC4 Certificate of
Deposits | 30 %0.08 0.68 9/27/2023 4.500 248,000.00 248,000.00 251,720.00 9/27/2028 1,154 122.30
Legends Bank TN 3.75
9/11/2028 52465JKL0 Certificate of
Deposits | 30 %0.08 0.68 9/11/2024 3.750 248,000.00 248,000.00 246,241.68 9/11/2028 1,138 509.59
Liberty First CreditUnion NE 4.5 2/22/2028 530520AH8 Certificate ofDeposits | 30 %0.08 0.68 2/21/2023 4.500 248,000.00 248,000.00 251,139.68 2/22/2028 936 917.26
Maine Community Bank
3.75 8/30/2027 560390DC7 Certificate of
Deposits | 30 %0.08 0.68 8/30/2024 3.750 248,000.00 248,000.00 246,968.32 8/30/2027 760 25.48
Maine Savings FCU 4.8
7/21/2028 560507AQ8 Certificate of
Deposits | 30 %0.08 0.68 7/21/2023 4.800 248,000.00 248,000.00 253,617.20 7/21/2028 1,086 326.14
Marathon Bank WI 1.8
3/16/2027 565819AG4 Certificate of
Deposits | 30 %0.08 0.68 3/16/2022 1.800 248,000.00 248,000.00 239,235.68 3/16/2027 593 183.45
Marine FCU NC 4
8/31/2026 56824JBC7 Certificate of
Deposits | 30 %0.08 0.68 8/30/2024 4.000 248,000.00 248,000.00 247,531.28 8/31/2026 396 27.18
Medallion Bank UT 4.85
10/20/2028 58404DTP6 Certificate of
Deposits | 30 %0.08 0.68 10/20/2023 4.850 248,000.00 248,000.00 258,299.44 10/20/2028 1,177 362.49
Merrick Bank UT 1.1
11/9/2026 59013KPN0 Certificate of
Deposits | 30 %0.08 0.69 11/9/2021 1.100 249,000.00 249,000.00 239,635.11 11/9/2026 466 165.09
Metro Credit Union MA
1.7 2/18/2027 59161YAP1 Certificate of
Deposits | 30 %0.08 0.69 2/18/2022 1.700 249,000.00 249,000.00 240,138.09 2/18/2027 567 347.92
Mid Carolina CreditUnion SC 4.85
3/13/2026
59524LAA4 Certificate of
Deposits | 30 %0.08 0.68 3/13/2023 4.850 248,000.00 248,000.00 249,026.72 3/13/2026 225 593.16
Milestone Bk f/k/a LCAUT 1 6/26/2026 501798RP9 Certificate ofDeposits | 30 %0.08 0.68 12/27/2021 1.000 248,000.00 248,000.00 240,889.84 6/26/2026 330 231.01
Minnwest Bank MN
4.25 5/3/2027 60425SKB4 Certificate of
Deposits | 30 %0.08 0.68 5/1/2023 4.250 248,000.00 248,000.00 248,977.12 5/3/2027 641 866.30
Money One FCU MD 5
9/14/2028 60936TAL3 Certificate of
Deposits | 30 %0.08 0.68 9/14/2023 5.000 248,000.00 248,000.00 255,313.52 9/14/2028 1,141 577.53
Morgan Stanley Bank,
NA 4.25 3/5/2030 61690DT40 Certificate of
Deposits | 30 %0.08 0.67 3/5/2025 4.250 244,000.00 244,000.00 246,415.60 3/5/2030 1,678 4,204.82
Morgan Stanley Private
Bank 4.25 3/5/2030 61776NMT7 Certificate of
Deposits | 30 %0.08 0.67 3/5/2025 4.250 244,000.00 244,000.00 246,415.60 3/5/2030 1,678 4,204.82
Mountain American
FCU 4.7 4/28/2026 62384RAT3 Certificate of
Deposits | 30 %0.08 0.68 4/28/2023 4.700 248,000.00 248,000.00 248,694.40 4/28/2026 271 958.03
MVB Bank, Inc. WV
4.05 2/1/2028 62847NEP7 Certificate of
Deposits | 30 %0.08 0.68 8/1/2024 4.050 248,000.00 248,000.00 248,448.88 2/1/2028 915 825.53
Nelnet Bank UT 1.8
3/2/2026 64034KAZ4 Certificate of
Deposits | 30 %0.08 0.67 3/2/2022 1.800 245,000.00 245,000.00 241,423.00 3/2/2026 214 1,824.41
Northpointe Bank MI4.85 10/20/2028 666613MK7 Certificate ofDeposits | 30 %0.08 0.68 10/20/2023 4.850 248,000.00 248,000.00 254,403.36 10/20/2028 1,177 362.49
Numerica CU 4.15
11/26/2029 67054NBT9 Certificate of
Deposits | 30 %0.08 0.68 11/26/2024 4.150 248,000.00 248,000.00 249,445.84 11/26/2029 1,579 140.99
Optum Bank, Inc UT 4
4/29/2030 68405VDD8 Certificate of
Deposits | 30 %0.08 0.67 4/28/2025 4.000 245,000.00 245,000.00 244,951.00 4/29/2030 1,733 2,523.84
Oregon Community
Credit Union 4.85
6/7/2027
68584JAT6 Certificate of
Deposits | 30 %0.08 0.68 6/7/2024 4.850 248,000.00 248,000.00 251,782.00 6/7/2027 676 790.88
67
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
Pacific Crest Savings
Bank WA 3.9 8/16/2029 69417ADA4 Certificate of
Deposits | 30 %0.08 0.68 8/16/2024 3.900 248,000.00 248,000.00 247,047.68 8/16/2029 1,477 397.48
Parkside Financial B&T
MO 3.75 9/13/2028 70147AGA6 Certificate of
Deposits | 30 %0.08 0.68 9/13/2024 3.750 248,000.00 248,000.00 246,236.72 9/13/2028 1,140 458.63
Partners Bank ofCalifornia 4.15
8/27/2027
70212YBY7 Certificate of
Deposits | 30 %0.08 0.67 2/27/2025 4.150 244,000.00 244,000.00 244,915.00 8/27/2027 757 4,272.34
Pentagon FCU 0.79/2/2025 70962LAF9 Certificate ofDeposits | 30 %0.08 0.69 9/1/2021 0.700 249,000.00 249,000.00 248,195.73 9/2/2025 33 143.26
Peoples Exchange
Bank KY 4.15 8/9/2027 71104AAS2 Certificate of
Deposits | 30 %0.08 0.68 8/9/2024 4.150 248,000.00 248,000.00 248,930.00 8/9/2027 739 620.34
Ponce Bank NY 3.5
9/15/2027 732329BD8 Certificate of
Deposits | 30 %0.08 0.68 9/15/2022 3.500 248,000.00 248,000.00 245,681.20 9/15/2027 776 380.49
Prevail Bank WI 4.25
1/24/2028 887171AB2 Certificate of
Deposits | 30 %0.08 0.69 7/24/2024 4.250 249,000.00 249,000.00 250,628.46 1/24/2028 907 202.95
RiverWood Bank MN
3.85 3/11/2027 76951DBZ2 Certificate of
Deposits | 30 %0.08 0.68 9/11/2024 3.850 248,000.00 248,000.00 247,211.36 3/11/2027 588 523.18
Rize FCU f/k/a SCE CA
4.7 6/20/2029 78413RAV9 Certificate of
Deposits | 30 %0.08 0.68 6/20/2024 4.700 248,000.00 248,000.00 254,222.32 6/20/2029 1,420 351.28
Rockland FCU MA 4.6
12/22/2026 77357DAD0 Certificate of
Deposits | 30 %0.08 0.68 12/22/2023 4.600 248,000.00 248,000.00 249,641.76 12/22/2026 509 281.29
Safra Nat'l Bank NY
f/k/a/ Delta Nat'l 2 2 24773RCR4 Certificate of
Deposits | 30 %0.08 0.67 3/9/2022 2.000 245,000.00 245,000.00 237,326.60 2/25/2027 574 1,933.15
Sallie Mae Bank UT 17/28/2026 795451AF0 Certificate ofDeposits | 30 %0.08 0.68 7/28/2021 1.000 248,000.00 248,000.00 240,252.48 7/28/2026 362 20.38
San Francisco FCU CA
4.35 2/3/2028 79772FAG1 Certificate of
Deposits | 30 %0.08 0.68 2/3/2023 4.350 248,000.00 248,000.00 250,222.08 2/3/2028 917 827.57
Signature FCU VA 4.4
1/31/2028 82671DAB3 Certificate of
Deposits | 30 %0.08 0.68 1/31/2023 4.400 248,000.00 248,000.00 250,539.52 1/31/2028 914 0.00
Simmons Bank f/k/a
Landmark Comm. 0.5
1/22/2026
51507LCC6 Certificate of
Deposits | 30 %0.08 0.68 1/22/2021 0.500 248,000.00 248,000.00 243,565.76 1/22/2026 175 30.58
SkyOne FCU CA 3.9
10/25/2028 83088XAR9 Certificate of
Deposits | 30 %0.08 0.68 10/25/2024 3.900 248,000.00 248,000.00 247,293.20 10/25/2028 1,182 158.99
SNB Bank, NA OK 4.1
8/14/2028 78470MBS6 Certificate of
Deposits | 30 %0.08 0.68 8/14/2024 4.100 248,000.00 248,000.00 248,766.32 8/14/2028 1,110 473.58
Sound Credit Union WA
4.15 6/2/2028 83616HAH7 Certificate of
Deposits | 30 %0.08 0.68 6/2/2025 4.150 248,000.00 248,000.00 249,091.20 6/2/2028 1,037 817.72
Southern Bank GA 4.25
1/28/2026 84229LBA9 Certificate of
Deposits | 30 %0.08 0.67 10/28/2022 4.250 244,000.00 244,000.00 243,904.84 1/28/2026 181 2,670.63
Southern Bank MO 4.2
5/17/2028 843383CS7 Certificate of
Deposits | 30 %0.08 0.68 5/17/2023 4.200 248,000.00 248,000.00 249,413.60 5/17/2028 1,021 399.52
Southern Bank of TN4.35 7/12/2029 84229QAC5 Certificate ofDeposits | 30 %0.08 0.68 7/12/2024 4.350 248,000.00 248,000.00 251,142.16 7/12/2029 1,442 561.57
Southern States Bank
4.15 9/21/2026 843879GS0 Certificate of
Deposits | 30 %0.08 0.68 3/21/2025 4.150 248,000.00 248,000.00 247,930.56 9/21/2026 417 281.97
St. Vincent's Medical
Center FCU 4.6
6/16/2027
85279AAC6 Certificate ofDeposits | 30 %0.08 0.68 6/16/2023 4.600 248,000.00 248,000.00 250,742.88 6/16/2027 685 468.82
68
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
Stearns Bank, NA MN
4.2 8/9/2027 857894Q51 Certificate of
Deposits | 30 %0.08 0.67 8/8/2024 4.200 244,000.00 244,000.00 245,168.76 8/9/2027 739 4,857.27
Sunwest Bank 3.55
9/28/2029 86804DDG0 Certificate of
Deposits | 30 %0.08 0.68 9/30/2024 3.550 248,000.00 248,000.00 243,724.48 9/28/2029 1,520 24.12
Synchrony Bank 0.9
9/3/2026 87165ET98 Certificate of
Deposits | 30 %0.08 0.67 9/3/2021 0.900 245,000.00 245,000.00 236,496.05 9/3/2026 399 918.25
Technology Credit
Union CA 5 5/29/2026 87868YAQ6 Certificate of
Deposits | 30 %0.08 0.68 5/30/2023 5.000 248,000.00 248,000.00 249,473.12 5/29/2026 302 1,019.18
Texas Exchange Bank
3.7 9/6/2029 88241TSW1 Certificate of
Deposits | 30 %0.08 0.68 9/6/2024 3.700 248,000.00 248,000.00 245,165.36 9/6/2029 1,498 628.49
The Genoa Banking Co.4.6 11/28/2028 372348DJ8 Certificate ofDeposits | 30 %0.08 0.68 11/28/2023 4.600 248,000.00 248,000.00 252,662.40 11/28/2028 1,216 93.76
The Greenwood's State
Bank WI 3.05 5/17/2027 397417AQ9 Certificate of
Deposits | 30 %0.08 0.68 5/17/2022 3.050 248,000.00 248,000.00 243,893.12 5/17/2027 655 290.13
The Pitney Bowes
Bank, Inc UT 4.35
4/13/2028
724468AC7 Certificate ofDeposits | 30 %0.08 0.67 4/14/2023 4.350 244,000.00 244,000.00 246,296.04 4/13/2028 987 3,140.58
Third Federal Savings &
Loan 3.3 8/19/2027 88413QDN5 Certificate of
Deposits | 30 %0.08 0.67 8/19/2022 3.300 245,000.00 245,000.00 241,854.20 8/19/2027 749 3,588.41
Toyota Financial
Savings Bank NV 0.9
4/22/2026
89235MKY6 Certificate of
Deposits | 30 %0.08 0.67 4/22/2021 0.900 245,000.00 245,000.00 239,051.40 4/22/2026 265 604.11
True Sky FCU 1.6
2/4/2027 89786MAF1 Certificate of
Deposits | 30 %0.08 0.67 2/4/2022 1.600 245,000.00 245,000.00 236,202.05 2/4/2027 553 1,900.93
Truliant FCU NC 4.7
9/10/2027 89789AAG2 Certificate of
Deposits | 30 %0.08 0.68 3/10/2023 4.700 248,000.00 248,000.00 251,707.60 9/10/2027 771 670.62
Tuscon FCU AZ 59/8/2028 898812AC6 Certificate ofDeposits | 30 %0.08 0.68 9/8/2023 5.000 248,000.00 248,000.00 255,278.80 9/8/2028 1,135 781.37
UBS Bank USA UT 4.9
10/25/2028 90355GHG4 Certificate of
Deposits | 30 %0.08 0.68 10/25/2023 4.900 248,000.00 248,000.00 254,802.64 10/25/2028 1,182 199.76
United Fidelity Bank,
fsb IN 4.5 6/29/2028 910286GN7 Certificate of
Deposits | 30 %0.08 0.68 6/29/2023 4.500 248,000.00 248,000.00 255,690.48 6/29/2028 1,064 61.15
United Roosevelt
Savings Bank NJ 1.9
3/11/2027
91139LAB2 Certificate of
Deposits | 30 %0.08 0.68 3/11/2022 1.900 248,000.00 248,000.00 239,679.60 3/11/2027 588 258.19
United Teletech FCU NJ
5.1 11/8/2027 913065AD0 Certificate of
Deposits | 30 %0.08 0.68 11/8/2023 5.100 248,000.00 248,000.00 254,095.84 11/8/2027 830 797.00
University Bank MI 4.2
11/30/2027 914098DJ4 Certificate of
Deposits | 30 %0.08 0.69 11/30/2022 4.200 249,000.00 249,000.00 250,287.33 11/30/2027 852 28.65
University Credit Union
Los Angeles 4
9/26/2025
914242AA0 Certificate of
Deposits | 30 %0.08 0.68 9/26/2022 4.000 248,000.00 248,000.00 247,838.80 9/26/2025 57 135.89
Univest Bank & Trust
Co. PA 4.35 5/12/2028 91527PBY2 Certificate of
Deposits | 30 %0.08 0.68 5/12/2023 4.350 248,000.00 248,000.00 250,388.24 5/12/2028 1,016 561.57
USAlliance Financial
FCU NY 4.55 5/26/2028 90352RDB8 Certificate of
Deposits | 30 %0.08 0.68 5/26/2023 4.550 248,000.00 248,000.00 251,729.92 5/26/2028 1,030 154.58
Utah First FCU 5
7/21/2028 91739JAB1 Certificate of
Deposits | 30 %0.08 0.67 7/21/2023 5.000 245,000.00 245,000.00 251,921.25 7/21/2028 1,086 335.62
Valley National Bank NJ4.95 5/29/2026 919853LV1 Certificate ofDeposits | 30 %0.08 0.67 5/29/2024 4.950 244,000.00 244,000.00 245,207.80 5/29/2026 302 2,084.7069
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
Valleystar Credit Union
VA 5.2 11/8/2028 92023CAJ2 Certificate of
Deposits | 30 %0.08 0.68 11/8/2023 5.200 247,000.00 247,000.00 256,111.83 11/8/2028 1,196 809.35
Vibrant Credit Union IL
0.8 6/30/2026 92559TAJ7 Certificate of
Deposits | 30 %0.08 0.69 7/2/2021 0.851 249,000.00 248,377.50 241,323.33 6/30/2026 334 163.73
VisionBank MN 4.05
5/12/2028 92834ABT2 Certificate of
Deposits | 30 %0.08 0.68 5/12/2023 4.050 248,000.00 248,000.00 248,431.52 5/12/2028 1,016 522.84
VyStar Credit Union FL
4.55 3/10/2028 92891CCZ3 Certificate of
Deposits | 30 %0.08 0.68 3/10/2023 4.550 248,000.00 248,000.00 251,519.12 3/10/2028 953 927.45
Washington Financial
Bank PA 4.5 5/31/2029 93883MBA5 Certificate of
Deposits | 30 %0.08 0.67 5/31/2024 4.500 244,000.00 244,000.00 248,216.32 5/31/2029 1,400 1,835.01
Workers FCU MA 5.210/30/2028 98138MCA6 Certificate ofDeposits | 30 %0.08 0.68 10/30/2023 5.200 248,000.00 248,000.00 257,151.20 10/30/2028 1,187 35.33
Sub Total / Average
Negotiable CertificateOf Deposit 12.17 100.00 3.819 36,344,000.00 36,343,377.50 36,430,193.77 845 123,204.10
Treasury Note
T-Note 0.25 10/31/2025 91282CAT8
US Treasury |
100 %0.33 1.49 3/30/2021 0.750 1,000,000.00 977,500.00 989,950.00 10/31/2025 92 625.00
T-Note 0.375 1/31/2026 91282CBH3
US Treasury |
100 %0.17 0.75 2/23/2021 0.577 500,000.00 495,100.00 490,260.00 1/31/2026 184 0.00
T-Note 0.375
11/30/2025 91282CAZ4 US Treasury |
100 %0.17 0.75 4/22/2021 0.720 500,000.00 492,187.50 493,435.00 11/30/2025 122 312.50
T-Note 0.375
12/31/2025 91282CBC4 US Treasury |
100 %0.17 0.75 1/7/2021 0.431 500,000.00 498,632.81 491,875.00 12/31/2025 153 157.95
T-Note 0.5 2/28/2026 91282CBQ3
US Treasury |
100 %0.17 0.75 5/28/2021 0.750 500,000.00 494,165.00 489,065.00 2/28/2026 212 1,039.40
T-Note 0.5 2/28/2026 91282CBQ3
US Treasury |
100 %0.25 1.12 3/23/2022 2.353 750,000.00 698,025.00 733,597.50 2/28/2026 212 1,559.10
T-Note 0.625 7/31/2026 91282CCP4
US Treasury |100 %0.33 1.49 9/29/2021 0.970 1,000,000.00 983,750.00 965,380.00 7/31/2026 365 0.00
T-Note 0.75 3/31/2026 91282CBT7
US Treasury |
100 %0.17 0.75 5/28/2021 0.770 500,000.00 499,525.00 488,565.00 3/31/2026 243 1,250.00
T-Note 0.75 3/31/2026 91282CBT7
US Treasury |
100 %0.17 0.75 6/17/2021 0.816 500,000.00 498,450.00 488,565.00 3/31/2026 243 1,250.00
T-Note 0.75 5/31/2026 91282CCF6
US Treasury |
100 %0.33 1.49 6/1/2021 0.810 1,000,000.00 997,060.00 971,740.00 5/31/2026 304 1,250.00
T-Note 0.75 5/31/2026 91282CCF6
US Treasury |
100 %0.17 0.75 6/17/2021 0.870 500,000.00 497,095.00 485,870.00 5/31/2026 304 625.00
T-Note 0.75 8/31/2026 91282CCW9
US Treasury |
100 %0.33 1.49 9/29/2021 0.990 1,000,000.00 988,500.00 964,220.00 8/31/2026 396 3,118.21
T-Note 0.75 8/31/2026 91282CCW9
US Treasury |
100 %0.17 0.75 3/22/2022 2.350 500,000.00 466,454.17 482,110.00 8/31/2026 396 1,559.10
T-Note 1.125
10/31/2026 91282CDG3 US Treasury |
100 %0.17 0.75 3/22/2022 2.350 500,000.00 473,396.82 481,955.00 10/31/2026 457 1,406.25
T-Note 1.5 1/31/2027 912828Z78
US Treasury |100 %0.33 1.49 2/10/2022 1.781 1,000,000.00 986,700.00 963,320.00 1/31/2027 549 0.00
T-Note 1.875 7/31/2026 912828Y95
US Treasury |
100 %0.33 1.49 8/29/2024 3.876 1,000,000.00 963,281.25 977,620.00 7/31/2026 365 0.00
70
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
T-Note 2.25 8/15/2027 9128282R0
US Treasury |
100 %0.33 1.49 11/18/2022 3.950 1,000,000.00 927,110.00 967,110.00 8/15/2027 745 10,317.68
T-Note 2.375 4/30/2026 9128286S4
US Treasury |
100 %0.33 1.49 3/23/2022 2.400 1,000,000.00 999,010.00 986,200.00 4/30/2026 273 5,937.50
T-Note 2.375 5/15/2027 912828X88
US Treasury |100 %0.33 1.49 6/7/2022 3.041 1,000,000.00 969,687.50 972,500.00 5/15/2027 653 4,969.43
T-Note 2.5 3/31/2027 91282CEF4
US Treasury |
100 %0.33 1.49 5/3/2022 3.010 1,000,000.00 976,860.00 976,020.00 3/31/2027 608 8,333.33
T-Note 2.625 2/15/2029 9128286B1
US Treasury |
100 %0.33 1.49 2/15/2024 4.286 1,000,000.00 925,976.56 958,360.00 2/15/2029 1,295 12,037.29
T-Note 2.625 5/31/2027 91282CET4
US Treasury |
100 %0.17 0.75 6/8/2022 2.980 500,000.00 491,842.18 488,165.00 5/31/2027 669 2,187.50
T-Note 2.625 5/31/2027 91282CET4
US Treasury |
100 %0.33 1.49 8/29/2024 3.720 1,000,000.00 971,555.99 976,330.00 5/31/2027 669 4,375.00
T-Note 2.75 4/30/2027 91282CEN7
US Treasury |
100 %0.17 0.75 6/8/2022 2.971 500,000.00 495,000.00 489,670.00 4/30/2027 638 3,437.50
T-Note 2.75 7/31/2027 91282CFB2
US Treasury |
100 %0.33 1.49 8/15/2022 2.980 1,000,000.00 989,460.00 977,150.00 7/31/2027 730 0.00
T-Note 2.75 7/31/2027 91282CFB2
US Treasury |
100 %0.33 1.49 8/29/2022 3.200 1,000,000.00 979,645.67 977,150.00 7/31/2027 730 0.00
T-Note 2.875 4/30/2029 91282CEM9
US Treasury |100 %0.33 1.49 4/30/2024 4.658 1,000,000.00 921,300.00 964,340.00 4/30/2029 1,369 7,187.50
T-Note 3.125
11/15/2028 9128285M8 US Treasury |
100 %0.33 1.49 12/29/2023 3.880 1,000,000.00 966,718.75 976,370.00 11/15/2028 1,203 6,538.72
T-Note 3.125 8/31/2027 91282CFH9
US Treasury |
100 %0.17 0.75 1/24/2023 3.640 500,000.00 489,175.00 492,010.00 8/31/2027 761 6,496.26
T-Note 3.25 6/30/2027 91282CEW7
US Treasury |
100 %0.33 1.49 2/15/2023 4.075 1,000,000.00 967,220.00 987,230.00 6/30/2027 699 2,737.77
T-Note 3.5 1/31/2028 91282CGH8
US Treasury |
100 %0.33 1.49 2/2/2023 3.580 1,000,000.00 996,369.14 990,590.00 1/31/2028 914 0.00
T-Note 3.5 1/31/2028 91282CGH8
US Treasury |
100 %0.33 1.49 8/29/2024 3.680 1,000,000.00 994,257.81 990,590.00 1/31/2028 914 0.00
T-Note 3.5 1/31/2030 91282CGJ4
US Treasury |
100 %0.33 1.49 1/13/2025 4.531 1,000,000.00 953,900.00 981,990.00 1/31/2030 1,645 0.00
T-Note 3.5 4/30/2028 91282CHA2
US Treasury |
100 %0.33 1.49 5/31/2023 3.837 1,000,000.00 985,000.00 989,770.00 4/30/2028 1,004 8,750.00
T-Note 3.5 4/30/2028 91282CHA2
US Treasury |100 %0.33 1.49 7/19/2024 4.145 1,000,000.00 977,600.00 989,770.00 4/30/2028 1,004 8,750.00
T-Note 3.5 9/30/2029 91282CLN9
US Treasury |
100 %0.33 1.49 9/30/2024 3.510 1,000,000.00 999,530.00 983,670.00 9/30/2029 1,522 11,666.67
T-Note 3.625 3/31/2028 91282CGT2
US Treasury |
100 %0.33 1.49 5/31/2023 3.853 1,000,000.00 990,000.00 993,400.00 3/31/2028 974 12,083.33
T-Note 3.625 3/31/2028 91282CGT2
US Treasury |
100 %0.33 1.49 6/15/2023 3.980 1,000,000.00 984,600.00 993,400.00 3/31/2028 974 12,083.33
T-Note 3.625 3/31/2028 91282CGT2
US Treasury |
100 %0.33 1.49 10/19/2023 4.910 1,000,000.00 949,180.00 993,400.00 3/31/2028 974 12,083.33
T-Note 3.625 5/31/2028 91282CHE4
US Treasury |
100 %0.33 1.49 3/19/2025 4.013 1,000,000.00 988,400.00 992,930.00 5/31/2028 1,035 6,041.67
71
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
T-Note 3.625 8/31/2029 91282CLK5
US Treasury |
100 %0.67 2.99 9/3/2024 3.627 2,000,000.00 1,999,843.75 1,977,580.00 8/31/2029 1,492 30,142.66
T-Note 3.75 12/31/2028 91282CJR3
US Treasury |
100 %0.33 1.49 1/2/2024 3.815 1,000,000.00 997,067.49 995,120.00 12/31/2028 1,249 3,158.97
T-Note 3.75 12/31/2028 91282CJR3
US Treasury |100 %0.33 1.49 6/12/2024 4.480 1,000,000.00 970,230.00 995,120.00 12/31/2028 1,249 3,158.97
T-Note 3.75 4/15/2028 91282CMW8
US Treasury |
100 %0.33 1.49 4/15/2025 3.760 1,000,000.00 999,726.56 996,250.00 4/15/2028 989 10,963.11
T-Note 3.75 5/31/2030 91282CHF1
US Treasury |
100 %0.33 1.49 5/15/2025 4.150 1,000,000.00 981,940.00 990,940.00 5/31/2030 1,765 6,250.00
T-Note 3.75 6/30/2030 91282CHJ3
US Treasury |
100 %0.33 1.49 6/17/2025 4.040 1,000,000.00 986,890.00 990,470.00 6/30/2030 1,795 3,158.97
T-Note 3.875
11/30/2029 91282CFY2 US Treasury |
100 %0.33 1.49 11/21/2024 4.271 1,000,000.00 982,265.63 997,770.00 11/30/2029 1,583 6,458.33
T-Note 3.875 4/30/2030 91282CMZ1
US Treasury |
100 %0.33 1.49 5/5/2025 3.900 1,000,000.00 998,867.19 996,950.00 4/30/2030 1,734 9,687.50
T-Note 3.875 7/15/2028 91282CNM9 None 0.33 1.49 7/31/2025 3.835 1,000,000.00 1,001,090.00 999,690.00 7/15/2028 1,080 1,684.78
T-Note 3.875 7/31/2030 91282CNN7
US Treasury |100 %0.33 1.49 7/31/2025 3.960 1,000,000.00 996,170.01 996,410.00 7/31/2030 1,826 0.00
T-Note 3.875 9/30/2029 91282CFL0
US Treasury |
100 %0.33 1.49 10/8/2024 3.875 1,000,000.00 1,000,000.00 998,160.00 9/30/2029 1,522 12,916.67
T-Note 4 1/15/2027 91282CJT9
US Treasury |
100 %0.33 1.49 1/31/2024 4.115 1,000,000.00 996,813.45 999,220.00 1/15/2027 533 1,739.13
T-Note 4 10/31/2029 91282CFT3
US Treasury |
100 %0.33 1.49 10/31/2024 4.110 1,000,000.00 995,070.00 1,002,770.00 10/31/2029 1,553 10,000.00
T-Note 4 2/28/2030 91282CGQ8
US Treasury |
100 %0.67 2.99 2/26/2025 4.140 2,000,000.00 1,987,440.00 2,005,400.00 2/28/2030 1,673 33,260.87
T-Note 4 3/31/2030 91282CMU2
US Treasury |
100 %0.33 1.49 4/1/2025 3.950 1,000,000.00 1,002,265.63 1,002,310.00 3/31/2030 1,704 13,333.33
T-Note 4 5/31/2030 91282CNG2
US Treasury |
100 %0.33 1.49 6/2/2025 4.060 1,000,000.00 997,304.69 1,002,420.00 5/31/2030 1,765 6,519.34
T-Note 4 7/31/2029 91282CLC3
US Treasury |
100 %0.33 1.49 7/31/2024 4.134 1,000,000.00 994,000.00 1,002,890.00 7/31/2029 1,461 0.00
T-Note 4 7/31/2030 91282CHR5
US Treasury |100 %0.33 1.49 7/8/2025 3.965 1,000,000.00 1,001,560.00 1,001,480.00 7/31/2030 1,826 0.00
T-Note 4.125
10/31/2027 91282CFU0 US Treasury |
100 %0.25 1.12 11/6/2023 4.524 750,000.00 739,200.00 753,195.00 10/31/2027 822 7,734.38
T-Note 4.125
10/31/2027 91282CFU0 US Treasury |
100 %0.33 1.49 5/31/2024 4.675 1,000,000.00 982,790.00 1,004,260.00 10/31/2027 822 10,312.50
T-Note 4.125
11/30/2029 91282CMA6 US Treasury |
100 %0.33 1.49 12/2/2024 4.180 1,000,000.00 997,539.06 1,007,580.00 11/30/2029 1,583 6,875.00
T-Note 4.125 3/31/2029 91282CKG5
US Treasury |
100 %0.33 1.49 4/1/2024 4.210 1,000,000.00 996,200.00 1,007,230.00 3/31/2029 1,339 13,750.00
T-Note 4.125 6/15/2026 91282CHH7
US Treasury |
100 %0.33 1.49 2/26/2025 4.091 1,000,000.00 1,000,380.00 999,290.00 6/15/2026 319 5,184.43
T-Note 4.125 9/30/2027 91282CFM8
US Treasury |
100 %0.33 1.49 7/30/2024 4.150 1,000,000.00 999,210.00 1,004,260.00 9/30/2027 791 13,750.00
T-Note 4.25 1/31/2026 91282CJV4
US Treasury |
100 %0.33 1.49 1/31/2024 4.330 1,000,000.00 998,482.98 999,400.00 1/31/2026 184 0.0072
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
T-Note 4.25 1/31/2030 91282CMG3
US Treasury |
100 %0.33 1.49 1/31/2025 4.330 1,000,000.00 996,437.79 1,012,580.00 1/31/2030 1,645 0.00
T-Note 4.25 6/30/2029 91282CKX8
US Treasury |
100 %0.67 2.99 7/1/2024 4.290 2,000,000.00 1,996,433.38 2,023,760.00 6/30/2029 1,430 7,160.33
T-Note 4.375
12/31/2029 91282CMD0 US Treasury |
100 %0.50 2.24 12/31/2024 4.425 1,500,000.00 1,496,700.00 1,526,310.00 12/31/2029 1,614 5,528.19
T-Note 4.5 5/31/2029 91282CKT7
US Treasury |
100 %0.67 2.99 5/31/2024 4.540 2,000,000.00 1,996,484.38 2,041,020.00 5/31/2029 1,400 15,000.00
Sub Total / AverageTreasury Note 22.43 100.00 3.543 67,000,000.00 65,987,623.14 66,375,477.50 1,040 397,893.78
Total / Average 100 3.674 298,689,495.77 297,378,625.96 297,656,954.55 603 1,194,466.86
73
Portfolio Name Face Amount/Shares Market Value Book Value % of Portfolio YTM @ Cost Days To Maturity
CAMP 60,994,761.63 60,994,761.63 60,994,761.63 20.58 4.24 147
CERBT OPEB Trust 2,217,819.48 2,217,819.48 2,217,819.48 0.75 2.27 1
Fiscal Agent - Debt Service 15,139,041.29 15,139,041.29 15,139,041.29 5.11 3.76 1
Fixed Income Investments 170,444,000.00 170,468,954.19 169,810,916.36 57.28 3.52 965
Housing Authority - LQPR 210,713.85 210,713.85 210,713.85 0.07 0.00 1
Housing Authority - DPME 1,346,454.54 1,346,454.54 1,346,454.54 0.45 0.00 1
Housing Authority - LAIF 2,251,643.93 2,255,988.66 2,251,643.93 0.76 4.25 1
LAIF 25,025,154.52 25,073,442.58 25,025,154.52 8.44 4.25 1
Money Market at Custodian 4,657,174.30 4,657,174.30 4,657,174.30 1.57 4.16 1
Operating Funds 8,499,722.38 8,499,722.38 8,499,722.38 2.87 4.15 1
PARS Pension Trust 6,280,268.01 6,280,268.01 6,280,268.01 2.12 1.66 1
Total / Average 297,066,753.93 297,144,340.91 296,433,670.29 100.00 3.71 583
DateClaudia Martinez, Finance Director/City Treasurer
COMPLIANCE | 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.
City of La Quinta
Investment Portfolio
Quarterly Investment Report
August 31, 2025
74
City of La Quinta | CA
Portfolio Holdings
Compliance Report | Investment Policy - by Issuer
Report Format: By Transaction
Group By: Security Type
Average By: Face Amount / Shares
Portfolio / Report Group: All Portfolios
As of 8/31/2025
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
Cash
BMO Bank | LQ Palms
Realty Cash LQPR1935
Checking |
Savings |
Sweep
Accounts
0.07 13.50 3/31/2024 0.000 210,713.85 210,713.85 210,713.85 N/A 1
BMO Suntrust | Dune
Palms Cash DPME4741-3599
Checking |
Savings |
Sweep
Accounts
0.45 86.29 3/31/2024 0.000 1,346,454.54 1,346,454.54 1,346,454.54 N/A 1
City of La Quinta Cash PETTYCASH
Checking |
Savings |
Sweep
Accounts
0.00 0.21 3/31/2024 0.000 3,300.00 3,300.00 3,300.00 N/A 1
Sub Total / Average
Cash 0.53 100.00 0.000 1,560,468.39 1,560,468.39 1,560,468.39 1 0.00
Corporate Bond
Blackrock Funding Inc4.7 3/14/2029-29 09290DAA9 CorporateNotes | 30 %0.34 40.00 3/28/2024 4.623 1,000,000.00 1,003,380.00 1,024,790.00 3/14/2029 1,291 21,802.78
International Finance
Corp 0.5 2/26/2026 45950VPS9 Corporate
Notes | 30 %0.17 20.00 2/26/2021 0.610 500,000.00 497,300.00 490,695.00 2/26/2026 179 34.72
Walmart Inc 3.7
6/26/2028-28 931142EE9 Corporate
Notes | 30 %0.34 40.00 6/26/2023 4.303 1,000,000.00 973,110.00 998,730.00 6/26/2028 1,030 6,680.56
Sub Total / AverageCorporate Bond 0.84 100.00 3.692 2,500,000.00 2,473,790.00 2,514,215.00 964 28,518.06
FFCB Bond
FFCB 0.71 8/10/2026-
23 3133EM2C5 US Agency |
100 %0.17 1.89 8/10/2021 0.792 500,000.00 498,000.00 485,160.00 8/10/2026 344 207.08
FFCB 0.8 9/10/2026 3133EM4X7
US Agency |
100 %0.34 3.77 9/28/2021 0.985 1,000,000.00 991,080.00 969,310.00 9/10/2026 375 3,800.00
FFCB 1.27 11/2/2026 3133ENCQ1
US Agency |
100 %0.34 3.77 11/2/2021 1.270 1,000,000.00 1,000,000.00 970,220.00 11/2/2026 428 4,198.06
FFCB 3.375 9/15/2027 3133ENL99
US Agency |100 %0.34 3.77 9/15/2022 3.430 1,000,000.00 997,492.55 994,350.00 9/15/2027 745 15,562.50
FFCB 3.5 9/10/2029 3133ERSP7
US Agency |
100 %0.34 3.77 9/18/2024 3.470 1,000,000.00 1,001,350.00 990,640.00 9/10/2029 1,471 16,625.00
FFCB 3.75 12/7/2027 3133EN3S7
US Agency |
100 %0.34 3.77 12/7/2022 3.794 1,000,000.00 998,000.00 1,001,080.00 12/7/2027 828 8,750.00
75
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
FFCB 3.75 8/14/2028 3133ETTJ6
US Agency |
100 %0.34 3.77 8/14/2025 3.721 1,000,000.00 1,000,810.00 1,003,930.00 8/14/2028 1,079 1,770.83
FFCB 3.75 8/15/2029 3133ERPS4
US Agency |
100 %0.34 3.77 8/15/2024 3.800 1,000,000.00 997,742.00 1,003,560.00 8/15/2029 1,445 1,666.67
FFCB 3.875 1/18/2029 3133EPW84
US Agency |100 %0.34 3.77 1/18/2024 4.051 1,000,000.00 992,100.00 1,008,920.00 1/18/2029 1,236 4,628.47
FFCB 3.875 1/18/2029 3133EPW84
US Agency |
100 %0.34 3.77 1/30/2024 4.000 1,000,000.00 994,400.00 1,008,920.00 1/18/2029 1,236 4,628.47
FFCB 3.875 10/15/2027 3133ERXJ5
US Agency |
100 %0.34 3.77 10/15/2024 3.875 1,000,000.00 1,000,000.00 1,003,460.00 10/15/2027 775 14,638.89
FFCB 3.875 12/10/2027 3133ER6Q9
US Agency |
100 %0.34 3.77 3/19/2025 4.020 1,000,000.00 996,331.25 1,003,790.00 12/10/2027 831 8,718.75
FFCB 3.875 2/14/2028 3133EPAV7
US Agency |
100 %0.34 3.77 2/15/2023 3.977 1,000,000.00 995,400.00 1,004,160.00 2/14/2028 897 1,829.86
FFCB 3.875 6/8/2028 3133EPME2
US Agency |
100 %0.34 3.77 6/8/2023 3.915 1,000,000.00 998,190.00 1,005,030.00 6/8/2028 1,012 8,934.03
FFCB 4 11/29/2027 3133EN3H1
US Agency |
100 %0.34 3.77 11/29/2022 4.030 1,000,000.00 998,650.00 1,008,020.00 11/29/2027 820 10,222.22
FFCB 4 3/18/2030 3133ER7L9
US Agency |
100 %0.34 3.77 3/19/2025 4.080 1,000,000.00 996,415.16 1,008,310.00 3/18/2030 1,660 18,111.11
FFCB 4 4/1/2030 3133ETBF3
US Agency |100 %0.34 3.77 4/9/2025 3.900 1,000,000.00 1,004,470.00 1,011,220.00 4/1/2030 1,674 16,666.67
FFCB 4 5/1/2030 3133ETFA0
US Agency |
100 %0.34 3.77 5/1/2025 4.000 1,000,000.00 1,000,000.00 1,007,940.00 5/1/2030 1,704 13,333.33
FFCB 4 6/17/2030 3133ETLM7
US Agency |
100 %0.34 3.77 6/17/2025 4.045 1,000,000.00 997,981.30 1,012,690.00 6/17/2030 1,751 8,222.22
FFCB 4 9/29/2027 3133ENQ29
US Agency |
100 %0.34 3.77 9/30/2022 4.080 1,000,000.00 996,400.00 1,005,720.00 9/29/2027 759 16,888.89
FFCB 4.125 12/17/2029 3133ERL41
US Agency |
100 %0.34 3.77 12/17/2024 4.140 1,000,000.00 999,320.00 1,013,580.00 12/17/2029 1,569 8,479.17
FFCB 4.125 2/13/2029 3133EP3B9
US Agency |
100 %0.34 3.77 2/14/2024 4.318 1,000,000.00 991,400.00 1,013,250.00 2/13/2029 1,262 2,062.50
FFCB 4.25 7/17/2028 3133EPQD0
US Agency |
100 %0.34 3.77 7/31/2023 4.280 1,000,000.00 998,655.69 1,015,520.00 7/17/2028 1,051 5,194.44
FFCB 4.25 8/7/2028 3133EPSK2
US Agency |
100 %0.34 3.77 8/18/2023 4.467 1,000,000.00 990,400.00 1,015,810.00 8/7/2028 1,072 2,833.33
FFCB 4.33 3/18/2030-27 3133ER7E5 US Agency |100 %0.34 3.77 4/23/2025 4.330 1,000,000.00 1,000,000.00 1,005,510.00 3/18/2030 1,660 19,605.28
FFCB 4.375 4/10/2029 3133ERAK7
US Agency |
100 %0.34 3.77 4/23/2024 4.701 1,000,000.00 985,690.00 1,024,900.00 4/10/2029 1,318 17,135.42
FFCB 4.625 11/13/2028 3133EPC45
US Agency |
100 %0.34 3.77 11/13/2023 4.630 1,000,000.00 999,770.00 1,027,860.00 11/13/2028 1,170 13,875.00
Sub Total / AverageFFCB Bond 8.92 100.00 3.763 26,500,000.00 26,420,047.95 26,622,860.00 1,132 248,588.19
FHLB Bond
FHLB 0.375 12/12/2025 3130AKFA9
US Agency |
100 %0.17 1.98 12/7/2020 0.480 500,000.00 497,400.00 494,755.00 12/12/2025 103 411.46
76
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
FHLB 0.51 1/14/2026-
22 3130AKMZ6 US Agency |
100 %0.17 1.98 1/14/2021 0.510 500,000.00 500,000.00 493,205.00 1/14/2026 136 332.92
FHLB 0.55 1/29/2026-
21 3130AKN28 US Agency |
100 %0.17 1.98 1/29/2021 0.550 500,000.00 500,000.00 492,585.00 1/29/2026 151 244.44
FHLB 0.75 6/12/2026 3130AMFS6
US Agency |
100 %0.34 3.97 6/17/2021 0.885 1,000,000.00 993,420.00 975,710.00 6/12/2026 285 1,645.83
FHLB 0.95 10/13/2026-
23 3130APB46 US Agency |
100 %0.34 3.97 10/13/2021 0.986 1,000,000.00 998,250.00 967,540.00 10/13/2026 408 3,641.67
FHLB 1 9/30/2026-22 3130APBM6
US Agency |
100 %0.34 3.97 9/30/2021 1.021 1,000,000.00 999,000.00 969,380.00 9/30/2026 395 4,166.67
FHLB 1.25 12/21/2026 3130AQF65
US Agency |100 %0.34 3.97 12/22/2021 1.255 1,000,000.00 999,750.00 968,050.00 12/21/2026 477 2,430.56
FHLB 1.5 1/27/2027-23 3130AQJR5
US Agency |
100 %0.34 3.97 1/27/2022 1.500 1,000,000.00 1,000,000.00 968,120.00 1/27/2027 514 1,416.67
FHLB 1.83 2/10/2027-
23 3130AQSA2 US Agency |
100 %0.34 3.97 2/10/2022 1.830 1,000,000.00 1,000,000.00 972,020.00 2/10/2027 528 1,067.50
FHLB 2.5 10/14/2025-
23 3130ARGJ4 US Agency |
100 %0.17 1.98 4/14/2022 2.500 500,000.00 500,000.00 498,945.00 10/14/2025 44 4,756.94
FHLB 2.7 4/19/2027-24 3130ARGY1
US Agency |
100 %0.34 3.97 4/19/2022 2.700 1,000,000.00 1,000,000.00 983,140.00 4/19/2027 596 9,900.00
FHLB 3.3 6/28/2027-24 3130ASDV8
US Agency |100 %0.10 1.19 6/28/2022 3.300 300,000.00 300,000.00 297,699.00 6/28/2027 666 1,732.50
FHLB 4 10/5/2029-27 3130B35F6
US Agency |
100 %0.34 3.97 10/8/2024 4.000 1,000,000.00 1,000,000.00 997,380.00 10/5/2029 1,496 16,222.22
FHLB 4 10/9/2026 3130B3A29
US Agency |
100 %0.34 3.97 3/19/2025 4.020 1,000,000.00 999,682.10 1,001,800.00 10/9/2026 404 15,777.78
FHLB 4 7/30/2029-27 3130B7BU7
US Agency |
100 %0.34 3.97 7/31/2025 4.000 1,000,000.00 1,000,000.00 1,002,640.00 7/30/2029 1,429 3,333.33
FHLB 4.125 4/4/2030-
27 3130B5SX7 US Agency |
100 %0.34 3.97 4/4/2025 4.125 1,000,000.00 1,000,000.00 998,190.00 4/4/2030 1,677 16,843.75
FHLB 4.125 9/14/2029 3130ATHX8
US Agency |
100 %0.34 3.97 10/31/2024 4.125 1,000,000.00 1,000,000.00 1,016,770.00 9/14/2029 1,475 19,135.42
FHLB 4.2 3/27/2030-28 3130B5K80
US Agency |
100 %0.34 3.97 3/27/2025 4.200 1,000,000.00 1,000,000.00 1,005,470.00 3/27/2030 1,669 17,966.67
FHLB 4.3 10/23/2029-
26 3130B3ES8 US Agency |
100 %0.34 3.97 10/30/2024 4.351 1,000,000.00 997,750.00 998,780.00 10/23/2029 1,514 15,288.89
FHLB 4.3 6/17/2030-27 3130B6PN0
US Agency |100 %0.34 3.97 6/17/2025 4.300 1,000,000.00 1,000,000.00 1,004,130.00 6/17/2030 1,751 8,838.89
FHLB 4.45 2/12/2029-
27 3130AYXU5 US Agency |
100 %0.67 7.94 2/15/2024 4.450 2,000,000.00 2,000,000.00 2,010,520.00 2/12/2029 1,261 4,697.22
FHLB 4.5 12/10/2029-
26 3130B46Y2 US Agency |
100 %0.34 3.97 12/31/2024 4.500 1,000,000.00 1,000,000.00 1,003,810.00 12/10/2029 1,562 10,125.00
FHLB 4.5 2/18/2028-26 3130B4YH8
US Agency |
100 %0.34 3.97 2/26/2025 4.500 1,000,000.00 1,000,000.00 1,001,410.00 2/18/2028 901 1,625.00
FHLB 4.65 1/14/2030-
28 3130B4LS8 US Agency |
100 %0.34 3.97 1/14/2025 4.650 1,000,000.00 1,000,000.00 1,010,120.00 1/14/2030 1,597 6,070.83
FHLB 4.75 9/8/2028 3130AXEL8
US Agency |
100 %0.34 3.97 10/3/2023 4.762 1,000,000.00 999,500.00 1,032,030.00 9/8/2028 1,104 22,826.39
77
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
FHLB 5.04 4/23/2029-
27 3130B14L8 US Agency |
100 %0.30 3.57 4/25/2024 5.040 900,000.00 900,000.00 910,260.00 4/23/2029 1,331 16,128.00
FHLB Step 11/24/2026-
22 3130APTV7 US Agency |
100 %0.17 1.98 11/24/2021 1.489 500,000.00 499,500.00 488,930.00 11/24/2026 450 2,694.44
FHLB Step 3/30/2026 3130ALV92
US Agency |100 %0.17 1.98 3/30/2021 0.938 500,000.00 500,000.00 491,620.00 3/30/2026 211 2,187.50
Sub Total / Average
FHLB Bond 8.48 100.00 3.150 25,200,000.00 25,184,252.10 25,055,009.00 962 211,508.49
FHLMC Bond
FHLMC 0.375
9/23/2025 3137EAEX3 US Agency |
100 %0.17 12.82 2/23/2021 0.552 500,000.00 495,999.50 498,860.00 9/23/2025 23 822.92
FHLMC 0.375
9/23/2025 3137EAEX3 US Agency |
100 %0.34 25.64 3/30/2021 0.740 1,000,000.00 983,940.00 997,720.00 9/23/2025 23 1,645.83
FHLMC 0.55
12/30/2025 3134GXGZ1 US Agency |
100 %0.17 12.82 12/30/2020 0.550 500,000.00 500,000.00 494,225.00 12/30/2025 121 458.33
FHLMC 0.65
10/27/2025-21 3134GW5R3 US Agency |
100 %0.13 10.26 1/5/2022 1.232 400,000.00 391,360.00 397,796.00 10/27/2025 57 895.56
FHLMC 0.7 12/30/2026-
21 3134GWUQ7 US Agency |
100 %0.34 25.64 2/10/2022 1.870 1,000,000.00 945,570.00 959,770.00 12/30/2026 486 2,916.67
FHLMC 0.8 10/28/2026-21 3134GW6C5 US Agency |100 %0.17 12.82 1/5/2022 1.404 500,000.00 486,000.00 482,930.00 10/28/2026 423 1,366.67
Sub Total / Average
FHLMC Bond 1.31 100.00 1.117 3,900,000.00 3,802,869.50 3,831,301.00 209 8,105.98
FNMA Bond
FNMA 0.5 11/7/2025 3135G06G3
US Agency |
100 %0.34 11.11 12/7/2021 1.120 1,000,000.00 976,300.00 993,270.00 11/7/2025 68 1,583.33
FNMA 0.5 11/7/2025 3135G06G3
US Agency |
100 %0.34 11.11 8/29/2024 4.170 1,000,000.00 957,850.00 993,270.00 11/7/2025 68 1,583.33
FNMA 0.56 11/17/2025-
22 3135GA2Z3 US Agency |
100 %0.17 5.56 11/17/2020 0.591 500,000.00 499,250.00 496,110.00 11/17/2025 78 808.89
FNMA 0.6 12/23/2025-
21 3135GA7D7 US Agency |
100 %0.17 5.56 12/23/2020 0.600 500,000.00 500,000.00 494,615.00 12/23/2025 114 566.67
FNMA 4 5/6/2030-27 3136GAGH6
US Agency |
100 %0.34 11.11 5/6/2025 4.000 1,000,000.00 1,000,000.00 999,590.00 5/6/2030 1,709 12,777.78
FNMA 4.125 3/12/2030-26 3136GACD9 US Agency |100 %0.34 11.11 3/12/2025 4.375 1,000,000.00 988,880.00 997,150.00 3/12/2030 1,654 19,364.58
FNMA 4.125 7/16/2030-
27 3136GAKH1 US Agency |
100 %0.34 11.11 7/25/2025 4.126 1,000,000.00 999,950.00 1,004,130.00 7/16/2030 1,780 4,927.08
FNMA 4.15 7/28/2028-
26 3136GAKZ1 US Agency |
100 %0.34 11.11 7/31/2025 4.150 1,000,000.00 1,000,000.00 1,001,420.00 7/28/2028 1,062 3,458.33
FNMA 4.25 4/8/2030-27 3136GAF20
US Agency |
100 %0.34 11.11 4/9/2025 4.250 1,000,000.00 1,000,000.00 1,005,160.00 4/8/2030 1,681 16,881.94
FNMA 4.5 5/20/2030-26 3136GAHF9
US Agency |
100 %0.34 11.11 5/28/2025 4.500 1,000,000.00 1,000,000.00 1,003,650.00 5/20/2030 1,723 11,625.00
Sub Total / AverageFNMA Bond 3.03 100.00 3.476 9,000,000.00 8,922,230.00 8,988,365.00 1,093 73,576.93
78
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
Guaranteed Investment Contract
CAMP TERM 4.07
6/25/2026 CAMPTERM62526 Investment
Pools 10.10 100.00 7/3/2025 4.070 30,000,000.00 30,000,000.00 30,000,000.00 6/25/2026 298 197,367.12
Sub Total / AverageGuaranteedInvestment Contract 10.10 100.00 4.070 30,000,000.00 30,000,000.00 30,000,000.00 298 197,367.12
Local Government Investment Pool
CAMP LGIP CAMP7001 Investment
Pools 10.43 53.19 3/31/2024 4.400 30,994,761.63 30,994,761.63 30,994,761.63 N/A 1
LAIF | City LGIP CITYLAIF3434
Investment
Pools 8.42 42.95 2/28/2024 4.251 25,025,154.52 25,025,154.52 25,073,442.58 N/A 1
LAIF | Housing LGIP HOUSINGLAIF3005
Investment
Pools 0.76 3.86 2/28/2024 4.251 2,251,643.93 2,251,643.93 2,255,988.66 N/A 1
Sub Total / AverageLocal Government
Investment Pool
19.62 100.00 4.330 58,271,560.08 58,271,560.08 58,324,192.87 1 0.00
Money Market
BMO Bank | Operating
MM BMO1851OP
Money Market
Mutual Funds |
20 %
2.86 23.09 3/31/2024 4.150 8,496,422.38 8,496,422.38 8,496,422.38 N/A 1
OPEB Trust MM OPEBTRUST
Trusts Not
Subject to
Policy
0.75 6.03 3/31/2024 2.270 2,217,819.48 2,217,819.48 2,217,819.48 N/A 1
PARS Pension Trust
MM PARSTRUST
Trusts Not
Subject to
Policy
2.11 17.07 3/31/2024 1.660 6,280,268.01 6,280,268.01 6,280,268.01 N/A 1
US Bank | Custodian
MM USB3000
Money Market
Mutual Funds |
20 %
1.57 12.66 3/31/2024 4.160 4,657,174.30 4,657,174.30 4,657,174.30 N/A 1
US Bank | Fiscal Agent
MM USB4000-6000
Money Market
Mutual Funds |
20 %
5.10 41.15 3/31/2024 3.755 15,139,041.29 15,139,041.29 15,139,041.29 N/A 1
Sub Total / AverageMoney Market 12.38 100.00 3.450 36,790,725.46 36,790,725.46 36,790,725.46 1 0.00
Negotiable Certificate Of Deposit
Advantage Credit Union
IA 4.45 7/31/2028 00790UAE7 Certificate of
Deposits | 30 %0.08 0.69 7/31/2024 4.450 249,000.00 249,000.00 253,220.55 7/31/2028 1,065 0.00
Affinity Bank, NA GA
4.9 3/17/2028 00833JAQ4 Certificate of
Deposits | 30 %0.08 0.68 3/17/2023 4.900 248,000.00 248,000.00 254,353.76 3/17/2028 929 466.10
Alabama Credit Union 5
6/22/2026 01025RAG4 Certificate of
Deposits | 30 %0.08 0.68 6/20/2023 5.000 248,000.00 248,000.00 250,142.72 6/22/2026 295 373.70
All In FCU AL 4.412/20/2027 01664MAB2 Certificate ofDeposits | 30 %0.08 0.68 12/20/2022 4.400 248,000.00 248,000.00 251,015.68 12/20/2027 841 328.85
Alliant Credit Union IL 5
12/30/2027 01882MAC6 Certificate of
Deposits | 30 %0.08 0.68 12/30/2022 5.000 247,000.00 247,000.00 253,340.49 12/30/2027 851 33.84
Altaone FCU CA 4.45
7/19/2029 02157RAA5 Certificate of
Deposits | 30 %0.08 0.69 7/19/2024 4.450 249,000.00 249,000.00 254,151.81 7/19/2029 1,418 910.73
79
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
Amerant Bank, NA FL
1.6 2/16/2027 02357QAQ0 Certificate of
Deposits | 30 %0.08 0.67 2/14/2022 1.600 245,000.00 245,000.00 237,020.35 2/16/2027 534 182.58
American Express Nat'l
Bank 3.45 7/27/2027 02589ADH2 Certificate of
Deposits | 30 %0.08 0.67 8/29/2022 3.450 245,000.00 245,000.00 243,071.85 7/27/2027 695 810.51
Austin Telco FCU TX3.8 9/21/2027 052392BT3 Certificate ofDeposits | 30 %0.08 0.68 9/21/2022 3.800 248,000.00 248,000.00 247,734.64 9/21/2027 751 774.58
Balboa Thrift & Loan
4.4 7/19/2028 05765LBU0 Certificate of
Deposits | 30 %0.08 0.68 7/19/2023 4.400 248,000.00 248,000.00 257,535.60 7/19/2028 1,053 358.75
Ballston Spa Nat'l Bank
NY 4.8 11/24/2026 058723AQ0 Certificate of
Deposits | 30 %0.08 0.68 5/24/2024 4.800 248,000.00 248,000.00 250,628.80 11/24/2026 450 228.30
Bank Five Nine WI 4.25
5/12/2028 062119BT8 Certificate of
Deposits | 30 %0.08 0.68 5/12/2023 4.250 248,000.00 248,000.00 250,606.48 5/12/2028 985 548.66
Bank of America 5.2
12/8/2025 06051XEF5 Certificate of
Deposits | 30 %0.08 0.67 6/6/2024 5.200 243,000.00 243,000.00 243,639.09 12/8/2025 99 2,977.25
Bank of the Sierra CA
4.6 3/15/2027 064860MC0 Certificate of
Deposits | 30 %0.08 0.67 3/15/2023 4.600 244,000.00 244,000.00 246,459.52 3/15/2027 561 5,196.87
Bankers Bank WI 4.15
5/24/2028 06610RCA5 Certificate of
Deposits | 30 %0.08 0.68 5/24/2023 4.150 248,000.00 248,000.00 249,998.88 5/24/2028 997 197.38
BankFirst Norfolk NE
4.5 6/21/2029 06644QAC5 Certificate of
Deposits | 30 %0.08 0.68 6/21/2024 4.500 248,000.00 248,000.00 253,495.68 6/21/2029 1,390 305.75
Baxter Credit Union IL4.35 8/22/2028 07181JBH6 Certificate ofDeposits | 30 %0.08 0.68 8/22/2024 4.350 248,000.00 248,000.00 251,598.48 8/22/2028 1,087 266.01
Beal Bank TX 1.9
2/17/2027 07371AYE7 Certificate of
Deposits | 30 %0.08 0.67 2/23/2022 1.900 245,000.00 245,000.00 238,049.35 2/17/2027 535 102.03
Beal Bank USA NV 1.9
2/17/2027 07371CE88 Certificate of
Deposits | 30 %0.08 0.67 2/23/2022 1.900 245,000.00 245,000.00 238,049.35 2/17/2027 535 102.03
Blue Ridge Bank, NA
VA 4.2 2/28/2028 09582YAF9 Certificate of
Deposits | 30 %0.08 0.67 2/28/2023 4.200 244,000.00 244,000.00 245,969.08 2/28/2028 911 84.23
BMW Bank North
America 4 11/23/2027 05612LFA5 Certificate of
Deposits | 30 %0.08 0.67 5/23/2025 4.000 244,000.00 244,000.00 244,683.20 11/23/2027 814 2,673.97
BNY Mellon, NA PA 4.5
9/7/2028 05584CJJ6 Certificate of
Deposits | 30 %0.08 0.67 9/7/2023 4.500 244,000.00 244,000.00 248,494.48 9/7/2028 1,103 5,324.55
BOM Bank LA 4.1
6/24/2030 09776DAV6 Certificate of
Deposits | 30 %0.08 0.68 6/24/2025 4.100 248,000.00 248,000.00 249,738.48 6/24/2030 1,758 195.00
Bridgewater Bank MN
4.85 3/29/2027 108622NJ6 Certificate of
Deposits | 30 %0.08 0.68 3/29/2023 4.850 248,000.00 248,000.00 251,675.36 3/29/2027 575 65.91
Capital One, NA 1.111/17/2026 14042RQB0 Certificate ofDeposits | 30 %0.08 0.68 11/17/2021 1.100 248,000.00 248,000.00 239,721.76 11/17/2026 443 792.24
Carter Bank & Trust
4.55 7/5/2029 146102AS7 Certificate of
Deposits | 30 %0.08 0.68 7/5/2024 4.550 248,000.00 248,000.00 253,971.84 7/5/2029 1,404 803.79
Carter FCU LA 0.75
4/27/2026 14622LAA0 Certificate of
Deposits | 30 %0.08 0.68 4/27/2021 0.750 248,000.00 248,000.00 243,141.68 4/27/2026 239 20.38
Celtic Bank UT 3.65
9/26/2029 15118RR33 Certificate of
Deposits | 30 %0.08 0.68 9/26/2024 3.650 248,000.00 248,000.00 245,775.44 9/26/2029 1,487 124.00
Central Bank AK 4
5/12/2028 152577BN1 Certificate of
Deposits | 30 %0.08 0.68 5/12/2023 4.000 248,000.00 248,000.00 249,016.80 5/12/2028 985 516.38
cfsbank PA 4.7
11/30/2027 12526AAM9 Certificate of
Deposits | 30 %0.08 0.67 5/30/2024 4.700 244,000.00 244,000.00 248,331.00 11/30/2027 821 2,890.56
80
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
Chartway FCU VA 4.9
6/9/2026 16141BAC5 Certificate of
Deposits | 30 %0.08 0.68 6/9/2023 4.900 248,000.00 248,000.00 249,827.76 6/9/2026 282 732.45
CIBC Bank USA IL 4.35
5/16/2028 12547CBJ6 Certificate of
Deposits | 30 %0.08 0.67 5/16/2023 4.350 244,000.00 244,000.00 247,081.72 5/16/2028 989 3,111.50
Comenity Capital Bank
UT 2.65 4/14/2027 20033A3A2 Certificate of
Deposits | 30 %0.08 0.68 4/14/2022 2.650 248,000.00 248,000.00 243,176.40 4/14/2027 591 306.09
ConnectOne Bank NJ
0.8 9/24/2026 20786ADL6 Certificate of
Deposits | 30 %0.08 0.68 9/24/2021 0.800 248,000.00 248,000.00 239,873.04 9/24/2026 389 38.05
Connexus Credit Union
WI 1.25 12/23/2026 20825WAR1 Certificate of
Deposits | 30 %0.08 0.69 12/23/2021 1.250 249,000.00 249,000.00 240,524.04 12/23/2026 479 0.00
Cornerstone Comm.FCU NY 3.7 10/1/2029 21923MAB7 Certificate ofDeposits | 30 %0.08 0.68 9/30/2024 3.700 248,000.00 248,000.00 246,249.12 10/1/2029 1,492 25.14
County Schools FCU
CA 4.4 9/30/2027 22258JAB7 Certificate of
Deposits | 30 %0.08 0.68 9/30/2022 4.400 248,000.00 248,000.00 250,708.16 9/30/2027 760 29.90
Covantage Credit Union
WI 4.2 8/7/2028 22282XAD2 Certificate of
Deposits | 30 %0.08 0.68 8/6/2024 4.200 247,000.00 247,000.00 249,516.93 8/7/2028 1,072 710.55
Cross River Bank NJ
4.5 4/26/2027 227563GC1 Certificate of
Deposits | 30 %0.08 0.67 4/26/2024 4.500 244,000.00 244,000.00 246,318.00 4/26/2027 603 3,820.44
Customers Bank PA 4.5
6/14/2028 23204HPB8 Certificate of
Deposits | 30 %0.08 0.67 6/14/2023 4.500 244,000.00 244,000.00 248,167.52 6/14/2028 1,018 2,346.41
Cy-Fair FCU TX 4.55/12/2028 23248UAB3 Certificate ofDeposits | 30 %0.08 0.68 5/12/2023 4.500 248,000.00 248,000.00 252,193.68 5/12/2028 985 580.93
Direct FCU MA 4.8
11/8/2027 25460FDW3 Certificate of
Deposits | 30 %0.08 0.68 11/7/2022 4.800 248,000.00 248,000.00 252,967.44 11/8/2027 799 782.73
Dort Financial Credit
Union MI 4.5
12/16/2027
25844MAK4 Certificate ofDeposits | 30 %0.08 0.68 12/16/2022 4.500 247,000.00 247,000.00 250,532.10 12/16/2027 837 1,857.58
EagleBank MD 4.05
4/16/2030 27002YHQ2 Certificate of
Deposits | 30 %0.08 0.68 4/16/2025 4.050 248,000.00 248,000.00 249,289.60 4/16/2030 1,689 412.77
Eaglemark Savings
Bank NV 2 3/2/2027 27004PCM3 Certificate of
Deposits | 30 %0.08 0.67 3/2/2022 2.000 245,000.00 245,000.00 238,215.95 3/2/2027 548 2,443.29
Empower FCU NY 5.25
11/15/2028 291916AJ3 Certificate of
Deposits | 30 %0.08 0.68 11/15/2023 5.250 247,000.00 247,000.00 257,502.44 11/15/2028 1,172 746.08
Enterprise Bank PA 4.6
6/7/2029 29367RND4 Certificate of
Deposits | 30 %0.08 0.68 6/7/2024 4.600 248,000.00 248,000.00 254,328.96 6/7/2029 1,376 750.12
EverBank, NA f/k/a
TIAA FSB 0.5
2/12/2026
87270LDL4 Certificate of
Deposits | 30 %0.08 0.67 2/12/2021 0.500 245,000.00 245,000.00 241,043.25 2/12/2026 165 63.77
Evergreen Bank Group
IL 3.85 7/27/2026 300185LM5 Certificate of
Deposits | 30 %0.08 0.68 1/27/2023 3.850 248,000.00 248,000.00 247,804.08 7/27/2026 330 104.64
Fahey Banking
Company 4.2 8/30/2027 303117DN2 Certificate of
Deposits | 30 %0.08 0.68 2/28/2025 4.200 248,000.00 248,000.00 249,671.52 8/30/2027 729 85.61
Farmers & MerchantsBank of Colby 4.4
7/5/2029
30781JBU3 Certificate of
Deposits | 30 %0.08 0.68 7/5/2024 4.400 248,000.00 248,000.00 252,645.04 7/5/2029 1,404 777.29
Fidelity Bank LA 0.74/30/2026 31617CAV5 Certificate ofDeposits | 30 %0.08 0.68 4/30/2021 0.700 248,000.00 248,000.00 242,668.00 4/30/2026 242 0.00
Fieldpoint Private B&T
CT 4 9/4/2026 31657FBA4 Certificate of
Deposits | 30 %0.08 0.68 9/4/2024 4.000 248,000.00 248,000.00 248,148.80 9/4/2026 369 733.81
81
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
First Bank Elk River MN
4.4 6/30/2028 31911KAK4 Certificate of
Deposits | 30 %0.08 0.68 6/30/2023 4.400 248,000.00 248,000.00 255,918.64 6/30/2028 1,034 29.90
First Bank NJ 4.45
12/26/2025 319137CB9 Certificate of
Deposits | 30 %0.08 0.67 12/28/2023 4.450 244,000.00 244,000.00 244,209.84 12/26/2025 117 1,903.87
First Federal Savings IN
4.25 7/9/2026 32021YEV1 Certificate of
Deposits | 30 %0.08 0.68 2/9/2024 4.250 248,000.00 248,000.00 248,654.72 7/9/2026 312 635.29
First Nat'l Bank of
America MI 3.75
10/30/2028
32110YQ24 Certificate of
Deposits | 30 %0.08 0.68 10/30/2024 3.750 248,000.00 248,000.00 247,340.32 10/30/2028 1,156 25.48
First Service CU f/k/a
SPCO TX 4.35
1/20/2028
78472EAB0 Certificate of
Deposits | 30 %0.08 0.69 1/20/2023 4.350 249,000.00 249,000.00 251,858.52 1/20/2028 872 326.43
Forbright Bank MD 4.6
11/2/2027 34520LAT0 Certificate of
Deposits | 30 %0.08 0.68 11/2/2022 4.600 248,000.00 248,000.00 251,866.32 11/2/2027 793 906.39
Four Points FCU 4.55
5/11/2026 35089LAF0 Certificate of
Deposits | 30 %0.08 0.68 5/10/2023 4.550 248,000.00 248,000.00 249,026.72 5/11/2026 253 649.22
Genesee RegionalBank NY 4.2
12/28/2026
37173RAL7 Certificate of
Deposits | 30 %0.08 0.67 12/27/2023 4.200 244,000.00 244,000.00 244,917.44 12/28/2026 484 1,824.99
Global FCU f/k/a AlaskaUSA AK 4.6 3/8/2028 011852AE0 Certificate ofDeposits | 30 %0.08 0.68 3/8/2023 4.600 248,000.00 248,000.00 252,503.68 3/8/2028 920 718.86
Golden State Bank CA
4.45 6/22/2027 38120MCA2 Certificate of
Deposits | 30 %0.08 0.69 6/22/2023 4.450 249,000.00 249,000.00 251,519.88 6/22/2027 660 273.22
Goldman Sachs Bank
USA 1 7/28/2026 38149MXK4 Certificate of
Deposits | 30 %0.08 0.68 7/28/2021 1.000 248,000.00 248,000.00 241,301.52 7/28/2026 331 231.01
Greenstate Credit
Union IA 0.95 4/16/2026 39573LBC1 Certificate of
Deposits | 30 %0.08 0.69 4/16/2021 0.950 249,000.00 249,000.00 244,321.29 4/16/2026 228 194.42
Healthcare Systems
FCU VA 5.1 10/27/2028 42228LAN1 Certificate of
Deposits | 30 %0.08 0.68 10/27/2023 5.100 248,000.00 248,000.00 257,272.72 10/27/2028 1,153 138.61
Ideal Credit Union MN
4.5 12/29/2027 45157PAZ3 Certificate of
Deposits | 30 %0.08 0.68 12/29/2022 4.500 248,000.00 248,000.00 251,623.28 12/29/2027 850 917.26
Jeep Country FCU OH
4.7 6/29/2027 472312AA5 Certificate of
Deposits | 30 %0.08 0.68 6/29/2023 4.700 248,000.00 248,000.00 251,667.92 6/29/2027 667 63.87
Knoxville TVA
Employees Credit
Union 4.85 8/25/202
499724AP7 Certificate of
Deposits | 30 %0.08 0.68 8/25/2023 4.850 248,000.00 248,000.00 255,122.56 8/25/2028 1,090 988.60
Lafayette FCU MD 4.1
3/28/2029 50625LCA9 Certificate of
Deposits | 30 %0.08 0.68 3/28/2025 4.100 248,000.00 248,000.00 249,969.12 3/28/2029 1,305 83.57
Latino CommunityCredit Union NC 4.5
12/21/2027
51828MAC8 Certificate of
Deposits | 30 %0.08 0.68 12/21/2022 4.500 248,000.00 248,000.00 251,566.24 12/21/2027 842 305.75
Leaders Credit UnionTN 5.1 10/30/2028 52171MAM7 Certificate ofDeposits | 30 %0.08 0.68 10/30/2023 5.100 248,000.00 248,000.00 257,317.36 10/30/2028 1,156 34.65
Legacy Bank & Trust
Co. MO 4.5 9/27/2028 52470QEC4 Certificate of
Deposits | 30 %0.08 0.68 9/27/2023 4.500 248,000.00 248,000.00 252,759.12 9/27/2028 1,123 122.30
Legends Bank TN 3.75
9/11/2028 52465JKL0 Certificate of
Deposits | 30 %0.08 0.68 9/11/2024 3.750 248,000.00 248,000.00 247,392.40 9/11/2028 1,107 509.59
Liberty First Credit
Union NE 4.5 2/22/2028 530520AH8 Certificate of
Deposits | 30 %0.08 0.68 2/21/2023 4.500 248,000.00 248,000.00 251,821.68 2/22/2028 905 917.26
82
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
Maine Community Bank
3.75 8/30/2027 560390DC7 Certificate of
Deposits | 30 %0.08 0.68 8/30/2024 3.750 248,000.00 248,000.00 247,496.56 8/30/2027 729 25.48
Maine Savings FCU 4.8
7/21/2028 560507AQ8 Certificate of
Deposits | 30 %0.08 0.68 7/21/2023 4.800 248,000.00 248,000.00 254,539.76 7/21/2028 1,055 326.14
Marathon Bank WI 1.83/16/2027 565819AG4 Certificate ofDeposits | 30 %0.08 0.68 3/16/2022 1.800 248,000.00 248,000.00 240,217.76 3/16/2027 562 183.45
Marine FCU NC 4
8/31/2026 56824JBC7 Certificate of
Deposits | 30 %0.08 0.68 8/30/2024 4.000 248,000.00 248,000.00 248,143.84 8/31/2026 365 27.18
Medallion Bank UT 4.85
10/20/2028 58404DTP6 Certificate of
Deposits | 30 %0.08 0.68 10/20/2023 4.850 248,000.00 248,000.00 259,219.52 10/20/2028 1,146 362.49
Merrick Bank UT 1.1
11/9/2026 59013KPN0 Certificate of
Deposits | 30 %0.08 0.69 11/9/2021 1.100 249,000.00 249,000.00 240,810.39 11/9/2026 435 165.09
Metro Credit Union MA
1.7 2/18/2027 59161YAP1 Certificate of
Deposits | 30 %0.08 0.69 2/18/2022 1.700 249,000.00 249,000.00 241,158.99 2/18/2027 536 347.92
Mid Carolina Credit
Union SC 4.85
3/13/2026
59524LAA4 Certificate of
Deposits | 30 %0.08 0.68 3/13/2023 4.850 248,000.00 248,000.00 249,299.52 3/13/2026 194 593.16
Milestone Bk f/k/a LCA
UT 1 6/26/2026 501798RP9 Certificate of
Deposits | 30 %0.08 0.68 12/27/2021 1.000 248,000.00 248,000.00 242,122.40 6/26/2026 299 441.64
Minnwest Bank MN
4.25 5/3/2027 60425SKB4 Certificate of
Deposits | 30 %0.08 0.68 5/1/2023 4.250 248,000.00 248,000.00 249,480.56 5/3/2027 610 866.30
Money One FCU MD 5
9/14/2028 60936TAL3 Certificate of
Deposits | 30 %0.08 0.68 9/14/2023 5.000 248,000.00 248,000.00 256,273.28 9/14/2028 1,110 577.53
Morgan Stanley Bank,NA 4.25 3/5/2030 61690DT40 Certificate ofDeposits | 30 %0.08 0.67 3/5/2025 4.250 244,000.00 244,000.00 247,225.68 3/5/2030 1,647 5,085.56
Morgan Stanley Private
Bank 4.25 3/5/2030 61776NMT7 Certificate of
Deposits | 30 %0.08 0.67 3/5/2025 4.250 244,000.00 244,000.00 247,225.68 3/5/2030 1,647 5,085.56
Mountain American
FCU 4.7 4/28/2026 62384RAT3 Certificate of
Deposits | 30 %0.08 0.68 4/28/2023 4.700 248,000.00 248,000.00 249,197.84 4/28/2026 240 958.03
MVB Bank, Inc. WV
4.05 2/1/2028 62847NEP7 Certificate of
Deposits | 30 %0.08 0.68 8/1/2024 4.050 248,000.00 248,000.00 249,168.08 2/1/2028 884 825.53
Nelnet Bank UT 1.8
3/2/2026 64034KAZ4 Certificate of
Deposits | 30 %0.08 0.67 3/2/2022 1.800 245,000.00 245,000.00 242,256.00 3/2/2026 183 2,198.96
Northpointe Bank MI
4.85 10/20/2028 666613MK7 Certificate of
Deposits | 30 %0.08 0.68 10/20/2023 4.850 248,000.00 248,000.00 255,395.36 10/20/2028 1,146 362.49
Numerica CU 4.15
11/26/2029 67054NBT9 Certificate of
Deposits | 30 %0.08 0.68 11/26/2024 4.150 248,000.00 248,000.00 250,420.48 11/26/2029 1,548 140.99
Optum Bank, Inc UT 4
4/29/2030 68405VDD8 Certificate of
Deposits | 30 %0.08 0.67 4/28/2025 4.000 245,000.00 245,000.00 245,712.95 4/29/2030 1,702 3,356.16
Oregon CommunityCredit Union 4.85
6/7/2027
68584JAT6 Certificate of
Deposits | 30 %0.08 0.68 6/7/2024 4.850 248,000.00 248,000.00 252,136.64 6/7/2027 645 790.88
Pacific Crest SavingsBank WA 3.9 8/16/2029 69417ADA4 Certificate ofDeposits | 30 %0.08 0.68 8/16/2024 3.900 248,000.00 248,000.00 248,171.12 8/16/2029 1,446 397.48
Parkside Financial B&T
MO 3.75 9/13/2028 70147AGA6 Certificate of
Deposits | 30 %0.08 0.68 9/13/2024 3.750 248,000.00 248,000.00 247,389.92 9/13/2028 1,109 458.63
Partners Bank of
California 4.15
8/27/2027
70212YBY7 Certificate ofDeposits | 30 %0.08 0.67 2/27/2025 4.150 244,000.00 244,000.00 245,285.88 8/27/2027 726 110.97
83
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
Pentagon FCU 0.7
9/2/2025 70962LAF9 Certificate of
Deposits | 30 %0.08 0.69 9/1/2021 0.700 249,000.00 249,000.00 248,900.40 9/2/2025 2 143.26
Peoples Exchange
Bank KY 4.15 8/9/2027 71104AAS2 Certificate of
Deposits | 30 %0.08 0.68 8/9/2024 4.150 248,000.00 248,000.00 249,344.16 8/9/2027 708 620.34
Ponce Bank NY 3.59/15/2027 732329BD8 Certificate ofDeposits | 30 %0.08 0.68 9/15/2022 3.500 248,000.00 248,000.00 246,273.92 9/15/2027 745 380.49
Prevail Bank WI 4.25
1/24/2028 887171AB2 Certificate of
Deposits | 30 %0.08 0.69 7/24/2024 4.250 249,000.00 249,000.00 251,300.76 1/24/2028 876 202.95
RiverWood Bank MN
3.85 3/11/2027 76951DBZ2 Certificate of
Deposits | 30 %0.08 0.68 9/11/2024 3.850 248,000.00 248,000.00 247,833.84 3/11/2027 557 523.18
Rize FCU f/k/a SCE CA
4.7 6/20/2029 78413RAV9 Certificate of
Deposits | 30 %0.08 0.68 6/20/2024 4.700 248,000.00 248,000.00 255,246.56 6/20/2029 1,389 351.28
Rockland FCU MA 4.6
12/22/2026 77357DAD0 Certificate of
Deposits | 30 %0.08 0.68 12/22/2023 4.600 248,000.00 248,000.00 250,177.44 12/22/2026 478 281.29
Safra Nat'l Bank NY
f/k/a/ Delta Nat'l 2 2 24773RCR4 Certificate of
Deposits | 30 %0.08 0.67 3/9/2022 2.000 245,000.00 245,000.00 238,282.10 2/25/2027 543 2,349.32
Sallie Mae Bank UT 1
7/28/2026 795451AF0 Certificate of
Deposits | 30 %0.08 0.68 7/28/2021 1.000 248,000.00 248,000.00 241,460.24 7/28/2026 331 231.01
San Francisco FCU CA
4.35 2/3/2028 79772FAG1 Certificate of
Deposits | 30 %0.08 0.68 2/3/2023 4.350 248,000.00 248,000.00 250,891.68 2/3/2028 886 827.57
Signature FCU VA 4.41/31/2028 82671DAB3 Certificate ofDeposits | 30 %0.08 0.68 1/31/2023 4.400 248,000.00 248,000.00 251,169.44 1/31/2028 883 0.00
Simmons Bank f/k/a
Landmark Comm. 0.51/22/2026 51507LCC6 Certificate of
Deposits | 30 %0.08 0.68 1/22/2021 0.500 248,000.00 248,000.00 244,466.00 1/22/2026 144 30.58
SkyOne FCU CA 3.9
10/25/2028 83088XAR9 Certificate of
Deposits | 30 %0.08 0.68 10/25/2024 3.900 248,000.00 248,000.00 248,429.04 10/25/2028 1,151 158.99
SNB Bank, NA OK 4.1
8/14/2028 78470MBS6 Certificate of
Deposits | 30 %0.08 0.68 8/14/2024 4.100 248,000.00 248,000.00 249,837.68 8/14/2028 1,079 473.58
Sound Credit Union WA
4.15 6/2/2028 83616HAH7 Certificate of
Deposits | 30 %0.08 0.68 6/2/2025 4.150 248,000.00 248,000.00 250,016.24 6/2/2028 1,006 817.72
Southern Bank GA 4.25
1/28/2026 84229LBA9 Certificate of
Deposits | 30 %0.08 0.67 10/28/2022 4.250 244,000.00 244,000.00 244,117.12 1/28/2026 150 3,551.37
Southern Bank MO 4.2
5/17/2028 843383CS7 Certificate of
Deposits | 30 %0.08 0.68 5/17/2023 4.200 248,000.00 248,000.00 250,301.44 5/17/2028 990 399.52
Southern Bank of TN
4.35 7/12/2029 84229QAC5 Certificate of
Deposits | 30 %0.08 0.68 7/12/2024 4.350 248,000.00 248,000.00 252,211.04 7/12/2029 1,411 561.57
Southern States Bank
4.15 9/21/2026 843879GS0 Certificate of
Deposits | 30 %0.08 0.68 3/21/2025 4.150 248,000.00 248,000.00 248,553.04 9/21/2026 386 281.97
St. Vincent's MedicalCenter FCU 4.6
6/16/2027
85279AAC6 Certificate of
Deposits | 30 %0.08 0.68 6/16/2023 4.600 248,000.00 248,000.00 251,127.28 6/16/2027 654 468.82
Stearns Bank, NA MN4.2 8/9/2027 857894Q51 Certificate ofDeposits | 30 %0.08 0.67 8/8/2024 4.200 244,000.00 244,000.00 245,483.52 8/9/2027 708 645.76
Sunwest Bank 3.55
9/28/2029 86804DDG0 Certificate of
Deposits | 30 %0.08 0.68 9/30/2024 3.550 248,000.00 248,000.00 244,855.36 9/28/2029 1,489 24.12
Synchrony Bank 0.9
9/3/2026 87165ET98 Certificate of
Deposits | 30 %0.08 0.67 9/3/2021 0.900 245,000.00 245,000.00 237,694.10 9/3/2026 368 1,105.52
84
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
Technology Credit
Union CA 5 5/29/2026 87868YAQ6 Certificate of
Deposits | 30 %0.08 0.68 5/30/2023 5.000 248,000.00 248,000.00 249,971.60 5/29/2026 271 1,019.18
Texas Exchange Bank
3.7 9/6/2029 88241TSW1 Certificate of
Deposits | 30 %0.08 0.68 9/6/2024 3.700 248,000.00 248,000.00 246,298.72 9/6/2029 1,467 628.49
The Genoa Banking Co.
4.6 11/28/2028 372348DJ8 Certificate of
Deposits | 30 %0.08 0.68 11/28/2023 4.600 248,000.00 248,000.00 253,699.04 11/28/2028 1,185 93.76
The Greenwood's State
Bank WI 3.05 5/17/2027 397417AQ9 Certificate of
Deposits | 30 %0.08 0.68 5/17/2022 3.050 248,000.00 248,000.00 244,590.00 5/17/2027 624 290.13
The Pitney Bowes
Bank, Inc UT 4.35
4/13/2028
724468AC7 Certificate of
Deposits | 30 %0.08 0.67 4/14/2023 4.350 244,000.00 244,000.00 247,076.84 4/13/2028 956 4,042.04
Third Federal Savings &
Loan 3.3 8/19/2027 88413QDN5 Certificate of
Deposits | 30 %0.08 0.67 8/19/2022 3.300 245,000.00 245,000.00 242,349.10 8/19/2027 718 265.81
Toyota FinancialSavings Bank NV 0.9
4/22/2026
89235MKY6 Certificate of
Deposits | 30 %0.08 0.67 4/22/2021 0.900 245,000.00 245,000.00 240,229.85 4/22/2026 234 791.38
True Sky FCU 1.62/4/2027 89786MAF1 Certificate ofDeposits | 30 %0.08 0.67 2/4/2022 1.600 245,000.00 245,000.00 237,145.30 2/4/2027 522 289.97
Truliant FCU NC 4.7
9/10/2027 89789AAG2 Certificate of
Deposits | 30 %0.08 0.68 3/10/2023 4.700 248,000.00 248,000.00 252,087.04 9/10/2027 740 670.62
Tuscon FCU AZ 5
9/8/2028 898812AC6 Certificate of
Deposits | 30 %0.08 0.68 9/8/2023 5.000 248,000.00 248,000.00 256,236.08 9/8/2028 1,104 781.37
UBS Bank USA UT 4.9
10/25/2028 90355GHG4 Certificate of
Deposits | 30 %0.08 0.68 10/25/2023 4.900 248,000.00 248,000.00 255,789.68 10/25/2028 1,151 199.76
United Fidelity Bank,
fsb IN 4.5 6/29/2028 910286GN7 Certificate of
Deposits | 30 %0.08 0.68 6/29/2023 4.500 248,000.00 248,000.00 256,546.08 6/29/2028 1,033 61.15
United RooseveltSavings Bank NJ 1.9
3/11/2027
91139LAB2 Certificate of
Deposits | 30 %0.08 0.68 3/11/2022 1.900 248,000.00 248,000.00 240,649.28 3/11/2027 557 258.19
United Teletech FCU NJ5.1 11/8/2027 913065AD0 Certificate ofDeposits | 30 %0.08 0.68 11/8/2023 5.100 248,000.00 248,000.00 254,497.60 11/8/2027 799 797.00
University Bank MI 4.2
11/30/2027 914098DJ4 Certificate of
Deposits | 30 %0.08 0.69 11/30/2022 4.200 249,000.00 249,000.00 250,874.97 11/30/2027 821 28.65
University Credit Union
Los Angeles 4
9/26/2025
914242AA0 Certificate ofDeposits | 30 %0.08 0.68 9/26/2022 4.000 248,000.00 248,000.00 247,918.16 9/26/2025 26 135.89
Univest Bank & Trust
Co. PA 4.35 5/12/2028 91527PBY2 Certificate of
Deposits | 30 %0.08 0.68 5/12/2023 4.350 248,000.00 248,000.00 251,241.36 5/12/2028 985 561.57
USAlliance Financial
FCU NY 4.55 5/26/2028 90352RDB8 Certificate of
Deposits | 30 %0.08 0.68 5/26/2023 4.550 248,000.00 248,000.00 252,580.56 5/26/2028 999 154.58
Utah First FCU 5
7/21/2028 91739JAB1 Certificate of
Deposits | 30 %0.08 0.67 7/21/2023 5.000 245,000.00 245,000.00 252,800.80 7/21/2028 1,055 335.62
Valley National Bank NJ
4.95 5/29/2026 919853LV1 Certificate of
Deposits | 30 %0.08 0.67 5/29/2024 4.950 244,000.00 244,000.00 245,703.12 5/29/2026 271 3,110.50
Valleystar Credit Union
VA 5.2 11/8/2028 92023CAJ2 Certificate of
Deposits | 30 %0.08 0.68 11/8/2023 5.200 247,000.00 247,000.00 257,047.96 11/8/2028 1,165 809.35
Vibrant Credit Union IL
0.8 6/30/2026 92559TAJ7 Certificate of
Deposits | 30 %0.08 0.69 7/2/2021 0.851 249,000.00 248,377.50 242,585.76 6/30/2026 303 163.73
VisionBank MN 4.055/12/2028 92834ABT2 Certificate ofDeposits | 30 %0.08 0.68 5/12/2023 4.050 248,000.00 248,000.00 249,334.24 5/12/2028 985 522.8485
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
VyStar Credit Union FL
4.55 3/10/2028 92891CCZ3 Certificate of
Deposits | 30 %0.08 0.68 3/10/2023 4.550 248,000.00 248,000.00 252,223.44 3/10/2028 922 927.45
Washington Financial
Bank PA 4.5 5/31/2029 93883MBA5 Certificate of
Deposits | 30 %0.08 0.67 5/31/2024 4.500 244,000.00 244,000.00 249,243.56 5/31/2029 1,369 2,767.56
Workers FCU MA 5.2
10/30/2028 98138MCA6 Certificate of
Deposits | 30 %0.08 0.68 10/30/2023 5.200 248,000.00 248,000.00 258,056.40 10/30/2028 1,156 35.33
Sub Total / Average
Negotiable CertificateOf Deposit 12.23 100.00 3.819 36,344,000.00 36,343,377.50 36,546,134.19 814 117,774.37
Treasury Note
T-Note 0.25 10/31/2025 91282CAT8
US Treasury |
100 %0.34 1.49 3/30/2021 0.750 1,000,000.00 977,500.00 993,540.00 10/31/2025 61 835.60
T-Note 0.375 1/31/2026 91282CBH3
US Treasury |100 %0.17 0.75 2/23/2021 0.577 500,000.00 495,100.00 492,365.00 1/31/2026 153 157.95
T-Note 0.375
11/30/2025 91282CAZ4 US Treasury |
100 %0.17 0.75 4/22/2021 0.720 500,000.00 492,187.50 495,375.00 11/30/2025 91 471.31
T-Note 0.375
12/31/2025 91282CBC4 US Treasury |
100 %0.17 0.75 1/7/2021 0.431 500,000.00 498,632.81 493,915.00 12/31/2025 122 315.90
T-Note 0.5 2/28/2026 91282CBQ3
US Treasury |
100 %0.17 0.75 5/28/2021 0.750 500,000.00 494,165.00 491,405.00 2/28/2026 181 0.00
T-Note 0.5 2/28/2026 91282CBQ3
US Treasury |
100 %0.25 1.12 3/23/2022 2.353 750,000.00 698,025.00 737,107.50 2/28/2026 181 0.00
T-Note 0.625 7/31/2026 91282CCP4
US Treasury |
100 %0.34 1.49 9/29/2021 0.970 1,000,000.00 983,750.00 970,950.00 7/31/2026 334 526.49
T-Note 0.75 3/31/2026 91282CBT7
US Treasury |
100 %0.17 0.75 5/28/2021 0.770 500,000.00 499,525.00 490,865.00 3/31/2026 212 1,567.62
T-Note 0.75 3/31/2026 91282CBT7
US Treasury |
100 %0.17 0.75 6/17/2021 0.816 500,000.00 498,450.00 490,865.00 3/31/2026 212 1,567.62
T-Note 0.75 5/31/2026 91282CCF6
US Treasury |100 %0.34 1.49 6/1/2021 0.810 1,000,000.00 997,060.00 976,550.00 5/31/2026 273 1,885.25
T-Note 0.75 5/31/2026 91282CCF6
US Treasury |
100 %0.17 0.75 6/17/2021 0.870 500,000.00 497,095.00 488,275.00 5/31/2026 273 942.62
T-Note 0.75 8/31/2026 91282CCW9
US Treasury |
100 %0.34 1.49 9/29/2021 0.990 1,000,000.00 988,500.00 969,810.00 8/31/2026 365 0.00
T-Note 0.75 8/31/2026 91282CCW9
US Treasury |
100 %0.17 0.75 3/22/2022 2.350 500,000.00 466,454.17 484,905.00 8/31/2026 365 0.00
T-Note 1.125
10/31/2026 91282CDG3 US Treasury |
100 %0.17 0.75 3/22/2022 2.350 500,000.00 473,396.82 484,765.00 10/31/2026 426 1,880.10
T-Note 1.5 1/31/2027 912828Z78
US Treasury |
100 %0.34 1.49 2/10/2022 1.781 1,000,000.00 986,700.00 969,260.00 1/31/2027 518 1,263.59
T-Note 1.875 7/31/2026 912828Y95
US Treasury |
100 %0.34 1.49 8/29/2024 3.876 1,000,000.00 963,281.25 982,050.00 7/31/2026 334 1,579.48
T-Note 2.25 8/15/2027 9128282R0
US Treasury |
100 %0.34 1.49 11/18/2022 3.950 1,000,000.00 927,110.00 973,980.00 8/15/2027 714 978.26
T-Note 2.375 4/30/2026 9128286S4
US Treasury |100 %0.34 1.49 3/23/2022 2.400 1,000,000.00 999,010.00 989,480.00 4/30/2026 242 7,938.18
T-Note 2.375 5/15/2027 912828X88
US Treasury |
100 %0.34 1.49 6/7/2022 3.041 1,000,000.00 969,687.50 978,750.00 5/15/2027 622 6,970.11
86
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
T-Note 2.5 3/31/2027 91282CEF4
US Treasury |
100 %0.34 1.49 5/3/2022 3.010 1,000,000.00 976,860.00 981,720.00 3/31/2027 577 10,450.82
T-Note 2.625 2/15/2029 9128286B1
US Treasury |
100 %0.34 1.49 2/15/2024 4.286 1,000,000.00 925,976.56 968,360.00 2/15/2029 1,264 1,141.30
T-Note 2.625 5/31/2027 91282CET4
US Treasury |100 %0.17 0.75 6/8/2022 2.980 500,000.00 491,842.18 491,170.00 5/31/2027 638 3,299.18
T-Note 2.625 5/31/2027 91282CET4
US Treasury |
100 %0.34 1.49 8/29/2024 3.720 1,000,000.00 971,555.99 982,340.00 5/31/2027 638 6,598.36
T-Note 2.75 4/30/2027 91282CEN7
US Treasury |
100 %0.17 0.75 6/8/2022 2.971 500,000.00 495,000.00 492,540.00 4/30/2027 607 4,595.79
T-Note 2.75 7/31/2027 91282CFB2
US Treasury |
100 %0.34 1.49 8/15/2022 2.980 1,000,000.00 989,460.00 983,480.00 7/31/2027 699 2,316.58
T-Note 2.75 7/31/2027 91282CFB2
US Treasury |
100 %0.34 1.49 8/29/2022 3.200 1,000,000.00 979,645.67 983,480.00 7/31/2027 699 2,316.58
T-Note 2.875 4/30/2029 91282CEM9
US Treasury |
100 %0.34 1.49 4/30/2024 4.658 1,000,000.00 921,300.00 974,690.00 4/30/2029 1,338 9,609.38
T-Note 3.125
11/15/2028 9128285M8 US Treasury |
100 %0.34 1.49 12/29/2023 3.880 1,000,000.00 966,718.75 985,740.00 11/15/2028 1,172 9,171.20
T-Note 3.125 8/31/2027 91282CFH9
US Treasury |
100 %0.17 0.75 1/24/2023 3.640 500,000.00 489,175.00 495,215.00 8/31/2027 730 0.00
T-Note 3.25 6/30/2027 91282CEW7
US Treasury |100 %0.34 1.49 2/15/2023 4.075 1,000,000.00 967,220.00 993,010.00 6/30/2027 668 5,475.54
T-Note 3.5 1/31/2028 91282CGH8
US Treasury |
100 %0.34 1.49 2/2/2023 3.580 1,000,000.00 996,369.14 997,700.00 1/31/2028 883 2,948.37
T-Note 3.5 1/31/2028 91282CGH8
US Treasury |
100 %0.34 1.49 8/29/2024 3.680 1,000,000.00 994,257.81 997,700.00 1/31/2028 883 2,948.37
T-Note 3.5 1/31/2030 91282CGJ4
US Treasury |
100 %0.34 1.49 1/13/2025 4.531 1,000,000.00 953,900.00 993,320.00 1/31/2030 1,614 2,948.37
T-Note 3.5 4/30/2028 91282CHA2
US Treasury |
100 %0.34 1.49 5/31/2023 3.837 1,000,000.00 985,000.00 997,540.00 4/30/2028 973 11,698.37
T-Note 3.5 4/30/2028 91282CHA2
US Treasury |
100 %0.34 1.49 7/19/2024 4.145 1,000,000.00 977,600.00 997,540.00 4/30/2028 973 11,698.37
T-Note 3.5 9/30/2029 91282CLN9
US Treasury |
100 %0.34 1.49 9/30/2024 3.510 1,000,000.00 999,530.00 994,650.00 9/30/2029 1,491 14,631.15
T-Note 3.625 3/31/2028 91282CGT2
US Treasury |
100 %0.34 1.49 5/31/2023 3.853 1,000,000.00 990,000.00 1,000,860.00 3/31/2028 943 15,153.69
T-Note 3.625 3/31/2028 91282CGT2
US Treasury |100 %0.34 1.49 6/15/2023 3.980 1,000,000.00 984,600.00 1,000,860.00 3/31/2028 943 15,153.69
T-Note 3.625 3/31/2028 91282CGT2
US Treasury |
100 %0.34 1.49 10/19/2023 4.910 1,000,000.00 949,180.00 1,000,860.00 3/31/2028 943 15,153.69
T-Note 3.625 5/31/2028 91282CHE4
US Treasury |
100 %0.34 1.49 3/19/2025 4.013 1,000,000.00 988,400.00 1,000,820.00 5/31/2028 1,004 9,112.02
T-Note 3.625 8/31/2029 91282CLK5
US Treasury |
100 %0.67 2.99 9/3/2024 3.627 2,000,000.00 1,999,843.75 1,999,060.00 8/31/2029 1,461 0.00
T-Note 3.75 12/31/2028 91282CJR3
US Treasury |
100 %0.34 1.49 1/2/2024 3.815 1,000,000.00 997,067.49 1,004,490.00 12/31/2028 1,218 6,317.93
T-Note 3.75 12/31/2028 91282CJR3
US Treasury |
100 %0.34 1.49 6/12/2024 4.480 1,000,000.00 970,230.00 1,004,490.00 12/31/2028 1,218 6,317.93
87
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
T-Note 3.75 4/15/2028 91282CMW8
US Treasury |
100 %0.34 1.49 4/15/2025 3.760 1,000,000.00 999,726.56 1,003,830.00 4/15/2028 958 14,139.34
T-Note 3.75 5/31/2030 91282CHF1
US Treasury |
100 %0.34 1.49 5/15/2025 4.150 1,000,000.00 981,940.00 1,002,660.00 5/31/2030 1,734 9,426.23
T-Note 3.75 6/30/2030 91282CHJ3
US Treasury |100 %0.34 1.49 6/17/2025 4.040 1,000,000.00 986,890.00 1,002,700.00 6/30/2030 1,764 6,317.93
T-Note 3.875
11/30/2029 91282CFY2 US Treasury |
100 %0.34 1.49 11/21/2024 4.271 1,000,000.00 982,265.63 1,008,520.00 11/30/2029 1,552 9,740.44
T-Note 3.875 4/30/2030 91282CMZ1
US Treasury |
100 %0.34 1.49 5/5/2025 3.900 1,000,000.00 998,867.19 1,008,480.00 4/30/2030 1,703 12,951.77
T-Note 3.875 7/15/2028 91282CNM9 None 0.34 1.49 7/31/2025 3.835 1,000,000.00 1,001,090.00 1,007,730.00 7/15/2028 1,049 4,949.05
T-Note 3.875 7/31/2030 91282CNN7
US Treasury |
100 %0.34 1.49 7/31/2025 3.960 1,000,000.00 996,170.01 1,008,050.00 7/31/2030 1,795 3,264.27
T-Note 3.875 9/30/2029 91282CFL0
US Treasury |
100 %0.34 1.49 10/8/2024 3.875 1,000,000.00 1,000,000.00 1,008,870.00 9/30/2029 1,491 16,198.77
T-Note 4 1/15/2027 91282CJT9
US Treasury |
100 %0.34 1.49 1/31/2024 4.115 1,000,000.00 996,813.45 1,003,090.00 1/15/2027 502 5,108.70
T-Note 4 10/31/2029 91282CFT3
US Treasury |100 %0.34 1.49 10/31/2024 4.110 1,000,000.00 995,070.00 1,013,520.00 10/31/2029 1,522 13,369.57
T-Note 4 2/28/2030 91282CGQ8
US Treasury |
100 %0.67 2.99 2/26/2025 4.140 2,000,000.00 1,987,440.00 2,028,040.00 2/28/2030 1,642 0.00
T-Note 4 3/31/2030 91282CMU2
US Treasury |
100 %0.34 1.49 4/1/2025 3.950 1,000,000.00 1,002,265.63 1,013,710.00 3/31/2030 1,673 16,721.31
T-Note 4 5/31/2030 91282CNG2
US Treasury |
100 %0.34 1.49 6/2/2025 4.060 1,000,000.00 997,304.69 1,013,870.00 5/31/2030 1,734 9,944.75
T-Note 4 7/31/2029 91282CLC3
US Treasury |
100 %0.34 1.49 7/31/2024 4.134 1,000,000.00 994,000.00 1,013,200.00 7/31/2029 1,430 3,369.57
T-Note 4 7/31/2030 91282CHR5
US Treasury |
100 %0.34 1.49 7/8/2025 3.965 1,000,000.00 1,001,560.00 1,013,160.00 7/31/2030 1,795 3,369.57
T-Note 4.125
10/31/2027 91282CFU0 US Treasury |
100 %0.25 1.12 11/6/2023 4.524 750,000.00 739,200.00 757,822.50 10/31/2027 791 10,340.52
T-Note 4.125
10/31/2027 91282CFU0 US Treasury |
100 %0.34 1.49 5/31/2024 4.675 1,000,000.00 982,790.00 1,010,430.00 10/31/2027 791 13,787.36
T-Note 4.12511/30/2029 91282CMA6 US Treasury |100 %0.34 1.49 12/2/2024 4.180 1,000,000.00 997,539.06 1,018,320.00 11/30/2029 1,552 10,368.85
T-Note 4.125 3/31/2029 91282CKG5
US Treasury |
100 %0.34 1.49 4/1/2024 4.210 1,000,000.00 996,200.00 1,016,990.00 3/31/2029 1,308 17,243.85
T-Note 4.125 6/15/2026 91282CHH7
US Treasury |
100 %0.34 1.49 2/26/2025 4.091 1,000,000.00 1,000,380.00 1,001,420.00 6/15/2026 288 8,678.28
T-Note 4.125 9/30/2027 91282CFM8
US Treasury |
100 %0.34 1.49 7/30/2024 4.150 1,000,000.00 999,210.00 1,010,080.00 9/30/2027 760 17,243.85
T-Note 4.25 1/31/2026 91282CJV4
US Treasury |
100 %0.34 1.49 1/31/2024 4.330 1,000,000.00 998,482.98 1,000,410.00 1/31/2026 153 3,580.16
T-Note 4.25 1/31/2030 91282CMG3
US Treasury |
100 %0.34 1.49 1/31/2025 4.330 1,000,000.00 996,437.79 1,023,560.00 1/31/2030 1,614 3,580.16
T-Note 4.25 6/30/2029 91282CKX8
US Treasury |
100 %0.67 2.99 7/1/2024 4.290 2,000,000.00 1,996,433.38 2,043,820.00 6/30/2029 1,399 14,320.65
T-Note 4.375
12/31/2029 91282CMD0 US Treasury |
100 %0.50 2.24 12/31/2024 4.425 1,500,000.00 1,496,700.00 1,542,480.00 12/31/2029 1,583 11,056.3988
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
T-Note 4.5 5/31/2029 91282CKT7
US Treasury |
100 %0.67 2.99 5/31/2024 4.540 2,000,000.00 1,996,484.38 2,060,460.00 5/31/2029 1,369 22,622.95
Sub Total / Average
Treasury Note 22.55 100.00 3.543 67,000,000.00 65,987,623.14 66,911,070.00 1,009 459,631.05
Total / Average 100 3.708 297,066,753.93 295,756,944.12 297,144,340.91 584 1,345,070.19
89
Portfolio Name Face Amount/Shares Market Value Book Value % of Portfolio YTM @ Cost Days To Maturity
CAMP 61,105,856.65 61,105,856.65 61,105,856.65 21.77 4.22 132
CERBT OPEB Trust 2,326,100.47 2,326,100.47 2,326,100.47 0.83 2.20 1
Fiscal Agent - Debt Service 34,377.98 34,377.98 34,377.98 0.01 3.68 1
Fixed Income Investments 173,943,000.00 174,100,916.36 173,330,053.30 61.75 3.55 971
Housing Authority - LQPR 220,133.08 220,133.08 220,133.08 0.08 0.00 1
Housing Authority - DPME 1,374,300.75 1,374,300.75 1,374,300.75 0.49 0.00 1
Housing Authority - LAIF 2,251,643.93 2,255,988.66 2,251,643.93 0.80 4.21 1
LAIF 25,025,154.52 25,073,442.58 25,025,154.52 8.92 4.21 1
Money Market at Custodian 1,794,454.51 1,794,454.51 1,794,454.51 0.64 4.07 1
Operating Funds 6,827,741.16 6,827,741.16 6,827,741.16 2.43 4.04 1
PARS Pension Trust 6,384,667.57 6,384,667.57 6,384,667.57 2.27 1.71 1
Total / Average 281,287,430.62 281,497,979.77 280,674,483.92 100.00 3.70 629
DateClaudia Martinez, Finance Director/City Treasurer
COMPLIANCE | 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.
City of La Quinta
Investment Portfolio
Quarterly Investment Report
September 30, 2025
90
City of La Quinta | CA
Portfolio Holdings
Compliance Report | Investment Policy - by Issuer
Report Format: By Transaction
Group By: Security Type
Average By: Face Amount / Shares
Portfolio / Report Group: All Portfolios
As of 9/30/2025
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
Cash
BMO Bank | LQ Palms
Realty Cash LQPR1935
Checking |
Savings |
Sweep
Accounts
0.08 13.78 3/31/2024 0.000 220,133.08 220,133.08 220,133.08 N/A 1
BMO Suntrust | Dune
Palms Cash DPME4741-3599
Checking |
Savings |
Sweep
Accounts
0.49 86.02 3/31/2024 0.000 1,374,300.75 1,374,300.75 1,374,300.75 N/A 1
City of La Quinta Cash PETTYCASH
Checking |
Savings |
Sweep
Accounts
0.00 0.21 3/31/2024 0.000 3,300.00 3,300.00 3,300.00 N/A 1
Sub Total / Average
Cash 0.57 100.00 0.000 1,597,733.83 1,597,733.83 1,597,733.83 1 0.00
Corporate Bond
Blackrock Funding Inc4.7 3/14/2029-29 09290DAA9 CorporateNotes | 30 %0.36 40.00 3/28/2024 4.623 1,000,000.00 1,003,380.00 1,022,890.00 3/14/2029 1,261 2,088.89
International Finance
Corp 0.5 2/26/2026 45950VPS9 Corporate
Notes | 30 %0.18 20.00 2/26/2021 0.610 500,000.00 497,300.00 492,425.00 2/26/2026 149 236.11
Walmart Inc 3.7
6/26/2028-28 931142EE9 Corporate
Notes | 30 %0.36 40.00 6/26/2023 4.303 1,000,000.00 973,110.00 999,830.00 6/26/2028 1,000 9,661.11
Sub Total / AverageCorporate Bond 0.89 100.00 3.692 2,500,000.00 2,473,790.00 2,515,145.00 934 11,986.11
FFCB Bond
FFCB 0.71 8/10/2026-
23 3133EM2C5 US Agency |
100 %0.18 1.89 8/10/2021 0.792 500,000.00 498,000.00 487,285.00 8/10/2026 314 493.06
FFCB 0.8 9/10/2026 3133EM4X7
US Agency |
100 %0.36 3.77 9/28/2021 0.985 1,000,000.00 991,080.00 973,380.00 9/10/2026 345 444.44
FFCB 1.27 11/2/2026 3133ENCQ1
US Agency |
100 %0.36 3.77 11/2/2021 1.270 1,000,000.00 1,000,000.00 973,690.00 11/2/2026 398 5,221.11
FFCB 3.375 9/15/2027 3133ENL99
US Agency |100 %0.36 3.77 9/15/2022 3.430 1,000,000.00 997,492.55 993,960.00 9/15/2027 715 1,406.25
FFCB 3.5 9/10/2029 3133ERSP7
US Agency |
100 %0.36 3.77 9/18/2024 3.470 1,000,000.00 1,001,350.00 992,600.00 9/10/2029 1,441 1,944.44
FFCB 3.75 12/7/2027 3133EN3S7
US Agency |
100 %0.36 3.77 12/7/2022 3.794 1,000,000.00 998,000.00 1,002,700.00 12/7/2027 798 11,770.83
91
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
FFCB 3.75 8/14/2028 3133ETTJ6
US Agency |
100 %0.36 3.77 8/14/2025 3.721 1,000,000.00 1,000,810.00 1,003,680.00 8/14/2028 1,049 4,791.67
FFCB 3.75 8/15/2029 3133ERPS4
US Agency |
100 %0.36 3.77 8/15/2024 3.800 1,000,000.00 997,742.00 1,001,950.00 8/15/2029 1,415 4,687.50
FFCB 3.875 1/18/2029 3133EPW84
US Agency |100 %0.36 3.77 1/18/2024 4.051 1,000,000.00 992,100.00 1,007,850.00 1/18/2029 1,206 7,750.00
FFCB 3.875 1/18/2029 3133EPW84
US Agency |
100 %0.36 3.77 1/30/2024 4.000 1,000,000.00 994,400.00 1,007,850.00 1/18/2029 1,206 7,750.00
FFCB 3.875 10/15/2027 3133ERXJ5
US Agency |
100 %0.36 3.77 10/15/2024 3.875 1,000,000.00 1,000,000.00 1,003,440.00 10/15/2027 745 17,760.42
FFCB 3.875 12/10/2027 3133ER6Q9
US Agency |
100 %0.36 3.77 3/19/2025 4.020 1,000,000.00 996,331.25 1,001,710.00 12/10/2027 801 11,840.28
FFCB 3.875 2/14/2028 3133EPAV7
US Agency |
100 %0.36 3.77 2/15/2023 3.977 1,000,000.00 995,400.00 1,002,550.00 2/14/2028 867 4,951.39
FFCB 3.875 6/8/2028 3133EPME2
US Agency |
100 %0.36 3.77 6/8/2023 3.915 1,000,000.00 998,190.00 1,004,320.00 6/8/2028 982 12,055.56
FFCB 4 11/29/2027 3133EN3H1
US Agency |
100 %0.36 3.77 11/29/2022 4.030 1,000,000.00 998,650.00 1,005,760.00 11/29/2027 790 13,444.44
FFCB 4 3/18/2030 3133ER7L9
US Agency |
100 %0.36 3.77 3/19/2025 4.080 1,000,000.00 996,415.16 1,006,450.00 3/18/2030 1,630 1,333.33
FFCB 4 4/1/2030 3133ETBF3
US Agency |100 %0.36 3.77 4/9/2025 3.900 1,000,000.00 1,004,470.00 1,009,340.00 4/1/2030 1,644 19,888.89
FFCB 4 5/1/2030 3133ETFA0
US Agency |
100 %0.36 3.77 5/1/2025 4.000 1,000,000.00 1,000,000.00 1,006,070.00 5/1/2030 1,674 16,555.56
FFCB 4 6/17/2030 3133ETLM7
US Agency |
100 %0.36 3.77 6/17/2025 4.045 1,000,000.00 997,981.30 1,010,720.00 6/17/2030 1,721 11,444.44
FFCB 4 9/29/2027 3133ENQ29
US Agency |
100 %0.36 3.77 9/30/2022 4.080 1,000,000.00 996,400.00 1,007,340.00 9/29/2027 729 111.11
FFCB 4.125 12/17/2029 3133ERL41
US Agency |
100 %0.36 3.77 12/17/2024 4.140 1,000,000.00 999,320.00 1,011,680.00 12/17/2029 1,539 11,802.08
FFCB 4.125 2/13/2029 3133EP3B9
US Agency |
100 %0.36 3.77 2/14/2024 4.318 1,000,000.00 991,400.00 1,014,220.00 2/13/2029 1,232 5,385.42
FFCB 4.25 7/17/2028 3133EPQD0
US Agency |
100 %0.36 3.77 7/31/2023 4.280 1,000,000.00 998,655.69 1,014,410.00 7/17/2028 1,021 8,618.06
FFCB 4.25 8/7/2028 3133EPSK2
US Agency |
100 %0.36 3.77 8/18/2023 4.467 1,000,000.00 990,400.00 1,014,620.00 8/7/2028 1,042 6,256.94
FFCB 4.33 3/18/2030-27 3133ER7E5 US Agency |100 %0.36 3.77 4/23/2025 4.330 1,000,000.00 1,000,000.00 1,005,980.00 3/18/2030 1,630 1,443.33
FFCB 4.375 4/10/2029 3133ERAK7
US Agency |
100 %0.36 3.77 4/23/2024 4.701 1,000,000.00 985,690.00 1,026,550.00 4/10/2029 1,288 20,659.72
FFCB 4.625 11/13/2028 3133EPC45
US Agency |
100 %0.36 3.77 11/13/2023 4.630 1,000,000.00 999,770.00 1,026,520.00 11/13/2028 1,140 17,600.69
Sub Total / AverageFFCB Bond 9.42 100.00 3.763 26,500,000.00 26,420,047.95 26,616,625.00 1,102 227,410.96
FHLB Bond
FHLB 0.375 12/12/2025 3130AKFA9
US Agency |
100 %0.18 1.91 12/7/2020 0.480 500,000.00 497,400.00 496,405.00 12/12/2025 73 562.50
92
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
FHLB 0.51 1/14/2026-
22 3130AKMZ6 US Agency |
100 %0.18 1.91 1/14/2021 0.510 500,000.00 500,000.00 494,970.00 1/14/2026 106 538.33
FHLB 0.55 1/29/2026-
21 3130AKN28 US Agency |
100 %0.18 1.91 1/29/2021 0.550 500,000.00 500,000.00 494,365.00 1/29/2026 121 465.97
FHLB 0.75 6/12/2026 3130AMFS6
US Agency |
100 %0.36 3.82 6/17/2021 0.885 1,000,000.00 993,420.00 979,820.00 6/12/2026 255 2,250.00
FHLB 0.95 10/13/2026-
23 3130APB46 US Agency |
100 %0.36 3.82 10/13/2021 0.986 1,000,000.00 998,250.00 971,540.00 10/13/2026 378 4,406.94
FHLB 1 9/30/2026-22 3130APBM6
US Agency |
100 %0.36 3.82 9/30/2021 1.021 1,000,000.00 999,000.00 973,890.00 9/30/2026 365 0.00
FHLB 1.25 12/21/2026 3130AQF65
US Agency |100 %0.36 3.82 12/22/2021 1.255 1,000,000.00 999,750.00 971,240.00 12/21/2026 447 3,437.50
FHLB 1.5 1/27/2027-23 3130AQJR5
US Agency |
100 %0.36 3.82 1/27/2022 1.500 1,000,000.00 1,000,000.00 971,720.00 1/27/2027 484 2,625.00
FHLB 1.83 2/10/2027-
23 3130AQSA2 US Agency |
100 %0.36 3.82 2/10/2022 1.830 1,000,000.00 1,000,000.00 975,150.00 2/10/2027 498 2,541.67
FHLB 2.5 10/14/2025-
23 3130ARGJ4 US Agency |
100 %0.18 1.91 4/14/2022 2.500 500,000.00 500,000.00 499,705.00 10/14/2025 14 5,763.89
FHLB 2.7 4/19/2027-24 3130ARGY1
US Agency |
100 %0.36 3.82 4/19/2022 2.700 1,000,000.00 1,000,000.00 984,840.00 4/19/2027 566 12,075.00
FHLB 3.3 6/28/2027-24 3130ASDV8
US Agency |100 %0.11 1.15 6/28/2022 3.300 300,000.00 300,000.00 297,999.00 6/28/2027 636 2,530.00
FHLB 3.5 9/13/2030 3130AF2S5
US Agency |
100 %0.36 3.82 9/15/2025 3.580 1,000,000.00 996,370.00 988,670.00 9/13/2030 1,809 1,652.78
FHLB 4 10/5/2029-27 3130B35F6
US Agency |
100 %0.36 3.82 10/8/2024 4.000 1,000,000.00 1,000,000.00 997,400.00 10/5/2029 1,466 19,444.44
FHLB 4 10/9/2026 3130B3A29
US Agency |
100 %0.36 3.82 3/19/2025 4.020 1,000,000.00 999,682.10 1,003,620.00 10/9/2026 374 19,000.00
FHLB 4 7/30/2029-27 3130B7BU7
US Agency |
100 %0.36 3.82 7/31/2025 4.000 1,000,000.00 1,000,000.00 1,002,700.00 7/30/2029 1,399 6,666.67
FHLB 4.125 4/4/2030-
27 3130B5SX7 US Agency |
100 %0.36 3.82 4/4/2025 4.125 1,000,000.00 1,000,000.00 998,250.00 4/4/2030 1,647 20,166.67
FHLB 4.125 9/14/2029 3130ATHX8
US Agency |
100 %0.36 3.82 10/31/2024 4.125 1,000,000.00 1,000,000.00 1,015,060.00 9/14/2029 1,445 1,833.33
FHLB 4.2 3/27/2030-28 3130B5K80
US Agency |
100 %0.36 3.82 3/27/2025 4.200 1,000,000.00 1,000,000.00 1,003,750.00 3/27/2030 1,639 350.00
FHLB 4.3 10/23/2029-26 3130B3ES8 US Agency |100 %0.36 3.82 10/30/2024 4.351 1,000,000.00 997,750.00 1,002,240.00 10/23/2029 1,484 18,752.78
FHLB 4.3 6/17/2030-27 3130B6PN0
US Agency |
100 %0.36 3.82 6/17/2025 4.300 1,000,000.00 1,000,000.00 1,002,550.00 6/17/2030 1,721 12,302.78
FHLB 4.45 2/12/2029-
27 3130AYXU5 US Agency |
100 %0.71 7.63 2/15/2024 4.450 2,000,000.00 2,000,000.00 2,008,780.00 2/12/2029 1,231 11,866.67
FHLB 4.5 12/10/2029-
26 3130B46Y2 US Agency |
100 %0.36 3.82 12/31/2024 4.500 1,000,000.00 1,000,000.00 1,004,640.00 12/10/2029 1,532 13,750.00
FHLB 4.5 2/18/2028-26 3130B4YH8
US Agency |
100 %0.36 3.82 2/26/2025 4.500 1,000,000.00 1,000,000.00 1,001,680.00 2/18/2028 871 5,250.00
FHLB 4.65 1/14/2030-
28 3130B4LS8 US Agency |
100 %0.36 3.82 1/14/2025 4.650 1,000,000.00 1,000,000.00 1,009,570.00 1/14/2030 1,567 9,816.67
93
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
FHLB 4.75 9/8/2028 3130AXEL8
US Agency |
100 %0.36 3.82 10/3/2023 4.762 1,000,000.00 999,500.00 1,030,110.00 9/8/2028 1,074 2,902.78
FHLB 5.04 4/23/2029-
27 3130B14L8 US Agency |
100 %0.32 3.44 4/25/2024 5.040 900,000.00 900,000.00 909,270.00 4/23/2029 1,301 19,782.00
FHLB Step 11/24/2026-22 3130APTV7 US Agency |100 %0.18 1.91 11/24/2021 1.489 500,000.00 499,500.00 490,390.00 11/24/2026 420 3,500.00
FHLB Step 3/30/2026 3130ALV92
US Agency |
100 %0.18 1.91 3/30/2021 0.938 500,000.00 500,000.00 493,065.00 3/30/2026 181 0.00
Sub Total / AverageFHLB Bond 9.31 100.00 3.166 26,200,000.00 26,180,622.10 26,073,389.00 966 204,234.37
FHLMC Bond
FHLMC 0.55
12/30/2025 3134GXGZ1 US Agency |
100 %0.18 20.83 12/30/2020 0.550 500,000.00 500,000.00 495,765.00 12/30/2025 91 687.50
FHLMC 0.65
10/27/2025-21 3134GW5R3 US Agency |
100 %0.14 16.67 1/5/2022 1.232 400,000.00 391,360.00 398,980.00 10/27/2025 27 1,105.00
FHLMC 0.7 12/30/2026-
21 3134GWUQ7 US Agency |
100 %0.36 41.67 2/10/2022 1.870 1,000,000.00 945,570.00 964,280.00 12/30/2026 456 0.00
FHLMC 0.8 10/28/2026-
21 3134GW6C5 US Agency |
100 %0.18 20.83 1/5/2022 1.404 500,000.00 486,000.00 484,730.00 10/28/2026 393 1,688.89
Sub Total / AverageFHLMC Bond 0.85 100.00 1.391 2,400,000.00 2,322,930.00 2,343,755.00 295 3,481.39
FNMA Bond
FNMA 0.5 11/7/2025 3135G06G3
US Agency |
100 %0.36 11.11 12/7/2021 1.120 1,000,000.00 976,300.00 996,290.00 11/7/2025 38 1,986.11
FNMA 0.5 11/7/2025 3135G06G3
US Agency |
100 %0.36 11.11 8/29/2024 4.170 1,000,000.00 957,850.00 996,290.00 11/7/2025 38 1,986.11
FNMA 0.56 11/17/2025-
22 3135GA2Z3 US Agency |
100 %0.18 5.56 11/17/2020 0.591 500,000.00 499,250.00 497,740.00 11/17/2025 48 1,034.44
FNMA 0.6 12/23/2025-
21 3135GA7D7 US Agency |
100 %0.18 5.56 12/23/2020 0.600 500,000.00 500,000.00 496,115.00 12/23/2025 84 808.33
FNMA 4 5/6/2030-27 3136GAGH6
US Agency |
100 %0.36 11.11 5/6/2025 4.000 1,000,000.00 1,000,000.00 999,920.00 5/6/2030 1,679 16,000.00
FNMA 4.125 3/12/2030-
26 3136GACD9 US Agency |
100 %0.36 11.11 3/12/2025 4.375 1,000,000.00 988,880.00 997,920.00 3/12/2030 1,624 2,062.50
FNMA 4.125 7/16/2030-27 3136GAKH1 US Agency |100 %0.36 11.11 7/25/2025 4.126 1,000,000.00 999,950.00 1,004,090.00 7/16/2030 1,750 8,250.00
FNMA 4.15 7/28/2028-
26 3136GAKZ1 US Agency |
100 %0.36 11.11 7/31/2025 4.150 1,000,000.00 1,000,000.00 1,004,600.00 7/28/2028 1,032 6,916.67
FNMA 4.25 4/8/2030-27 3136GAF20
US Agency |
100 %0.36 11.11 4/9/2025 4.250 1,000,000.00 1,000,000.00 1,005,790.00 4/8/2030 1,651 20,305.56
FNMA 4.5 5/20/2030-26 3136GAHF9
US Agency |
100 %0.36 11.11 5/28/2025 4.500 1,000,000.00 1,000,000.00 1,004,290.00 5/20/2030 1,693 15,250.00
Sub Total / Average
FNMA Bond 3.20 100.00 3.476 9,000,000.00 8,922,230.00 9,003,045.00 1,063 74,599.72
Guaranteed Investment Contract
94
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
CAMP TERM 4.07
6/25/2026 CAMPTERM62526 Investment
Pools 10.67 100.00 7/3/2025 4.070 30,000,000.00 30,000,000.00 30,000,000.00 6/25/2026 268 297,723.29
Sub Total / Average
GuaranteedInvestment Contract 10.67 100.00 4.070 30,000,000.00 30,000,000.00 30,000,000.00 268 297,723.29
Local Government Investment Pool
CAMP LGIP CAMP7001 Investment
Pools 11.06 53.28 3/31/2024 4.360 31,105,856.65 31,105,856.65 31,105,856.65 N/A 1
LAIF | City LGIP CITYLAIF3434
Investment
Pools 8.90 42.86 2/28/2024 4.212 25,025,154.52 25,025,154.52 25,073,442.58 N/A 1
LAIF | Housing LGIP HOUSINGLAIF3005
Investment
Pools 0.80 3.86 2/28/2024 4.212 2,251,643.93 2,251,643.93 2,255,988.66 N/A 1
Sub Total / AverageLocal GovernmentInvestment Pool 20.76 100.00 4.291 58,382,655.10 58,382,655.10 58,435,287.89 1 0.00
Money Market
BMO Bank | Operating
MM BMO1851OP
Money Market
Mutual Funds |
20 %
2.43 39.30 3/31/2024 4.040 6,824,441.16 6,824,441.16 6,824,441.16 N/A 1
OPEB Trust MM OPEBTRUST
Trusts Not
Subject to
Policy
0.83 13.40 3/31/2024 2.200 2,326,100.47 2,326,100.47 2,326,100.47 N/A 1
PARS Pension Trust
MM PARSTRUST
Trusts Not
Subject to
Policy
2.27 36.77 3/31/2024 1.710 6,384,667.57 6,384,667.57 6,384,667.57 N/A 1
US Bank | Custodian
MM USB3000
Money Market
Mutual Funds |
20 %
0.64 10.33 3/31/2024 4.070 1,794,454.51 1,794,454.51 1,794,454.51 N/A 1
US Bank | Fiscal Agent
MM USB4000-6000
Money Market
Mutual Funds |
20 %
0.01 0.20 3/31/2024 3.680 34,377.98 34,377.98 34,377.98 N/A 1
Sub Total / Average
Money Market 6.17 100.00 2.939 17,364,041.69 17,364,041.69 17,364,041.69 1 0.00
Negotiable Certificate Of Deposit
Advantage Credit Union
IA 4.45 7/31/2028 00790UAE7 Certificate of
Deposits | 30 %0.09 0.69 7/31/2024 4.450 249,000.00 249,000.00 254,353.50 7/31/2028 1,035 0.00
Affinity Bank, NA GA
4.9 3/17/2028 00833JAQ4 Certificate of
Deposits | 30 %0.09 0.68 3/17/2023 4.900 248,000.00 248,000.00 255,293.68 3/17/2028 899 432.81
Alabama Credit Union 56/22/2026 01025RAG4 Certificate ofDeposits | 30 %0.09 0.68 6/20/2023 5.000 248,000.00 248,000.00 250,108.00 6/22/2026 265 339.73
All In FCU AL 4.4
12/20/2027 01664MAB2 Certificate of
Deposits | 30 %0.09 0.68 12/20/2022 4.400 248,000.00 248,000.00 251,963.04 12/20/2027 811 298.96
Alliant Credit Union IL 5
12/30/2027 01882MAC6 Certificate of
Deposits | 30 %0.09 0.68 12/30/2022 5.000 247,000.00 247,000.00 254,192.64 12/30/2027 821 0.00
Altaone FCU CA 4.45
7/19/2029 02157RAA5 Certificate of
Deposits | 30 %0.09 0.69 7/19/2024 4.450 249,000.00 249,000.00 255,356.97 7/19/2029 1,388 880.37
Amerant Bank, NA FL
1.6 2/16/2027 02357QAQ0 Certificate of
Deposits | 30 %0.09 0.67 2/14/2022 1.600 245,000.00 245,000.00 238,007.70 2/16/2027 504 504.7795
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
American Express Nat'l
Bank 3.45 7/27/2027 02589ADH2 Certificate of
Deposits | 30 %0.09 0.67 8/29/2022 3.450 245,000.00 245,000.00 243,939.15 7/27/2027 665 1,505.24
Austin Telco FCU TX
3.8 9/21/2027 052392BT3 Certificate of
Deposits | 30 %0.09 0.68 9/21/2022 3.800 248,000.00 248,000.00 248,691.92 9/21/2027 721 748.76
Balboa Thrift & Loan4.4 7/19/2028 05765LBU0 Certificate ofDeposits | 30 %0.09 0.68 7/19/2023 4.400 248,000.00 248,000.00 258,522.64 7/19/2028 1,023 328.85
Ballston Spa Nat'l Bank
NY 4.8 11/24/2026 058723AQ0 Certificate of
Deposits | 30 %0.09 0.68 5/24/2024 4.800 248,000.00 248,000.00 250,896.64 11/24/2026 420 195.68
Bank Five Nine WI 4.25
5/12/2028 062119BT8 Certificate of
Deposits | 30 %0.09 0.68 5/12/2023 4.250 248,000.00 248,000.00 251,707.60 5/12/2028 955 519.78
Bank of America 5.2
12/8/2025 06051XEF5 Certificate of
Deposits | 30 %0.09 0.67 6/6/2024 5.200 243,000.00 243,000.00 243,471.42 12/8/2025 69 4,015.82
Bank of the Sierra CA
4.6 3/15/2027 064860MC0 Certificate of
Deposits | 30 %0.09 0.67 3/15/2023 4.600 244,000.00 244,000.00 246,989.00 3/15/2027 531 461.26
Bankers Bank WI 4.15
5/24/2028 06610RCA5 Certificate of
Deposits | 30 %0.09 0.68 5/24/2023 4.150 248,000.00 248,000.00 251,127.28 5/24/2028 967 169.18
BankFirst Norfolk NE
4.5 6/21/2029 06644QAC5 Certificate of
Deposits | 30 %0.09 0.68 6/21/2024 4.500 248,000.00 248,000.00 254,696.00 6/21/2029 1,360 275.18
Baxter Credit Union IL
4.35 8/22/2028 07181JBH6 Certificate of
Deposits | 30 %0.09 0.68 8/22/2024 4.350 248,000.00 248,000.00 252,761.60 8/22/2028 1,057 236.45
Beal Bank TX 1.92/17/2027 07371AYE7 Certificate ofDeposits | 30 %0.09 0.67 2/23/2022 1.900 245,000.00 245,000.00 238,977.90 2/17/2027 505 484.63
Beal Bank USA NV 1.9
2/17/2027 07371CE88 Certificate of
Deposits | 30 %0.09 0.67 2/23/2022 1.900 245,000.00 245,000.00 238,977.90 2/17/2027 505 484.63
Blue Ridge Bank, NA
VA 4.2 2/28/2028 09582YAF9 Certificate of
Deposits | 30 %0.09 0.67 2/28/2023 4.200 244,000.00 244,000.00 246,959.72 2/28/2028 881 926.53
BMW Bank North
America 4 11/23/2027 05612LFA5 Certificate of
Deposits | 30 %0.09 0.67 5/23/2025 4.000 244,000.00 244,000.00 245,632.36 11/23/2027 784 3,476.16
BNY Mellon, NA PA 4.5
9/7/2028 05584CJJ6 Certificate of
Deposits | 30 %0.09 0.67 9/7/2023 4.500 244,000.00 244,000.00 249,694.96 9/7/2028 1,073 691.89
BOM Bank LA 4.1
6/24/2030 09776DAV6 Certificate of
Deposits | 30 %0.09 0.68 6/24/2025 4.100 248,000.00 248,000.00 251,759.68 6/24/2030 1,728 167.15
Bridgewater Bank MN
4.85 3/29/2027 108622NJ6 Certificate of
Deposits | 30 %0.09 0.68 3/29/2023 4.850 248,000.00 248,000.00 252,089.52 3/29/2027 545 32.95
Capital One, NA 1.1
11/17/2026 14042RQB0 Certificate of
Deposits | 30 %0.09 0.68 11/17/2021 1.100 248,000.00 248,000.00 240,706.32 11/17/2026 413 1,016.46
Carter Bank & Trust4.55 7/5/2029 146102AS7 Certificate ofDeposits | 30 %0.09 0.68 7/5/2024 4.550 248,000.00 248,000.00 255,162.24 7/5/2029 1,374 772.88
Carter FCU LA 0.75
4/27/2026 14622LAA0 Certificate of
Deposits | 30 %0.09 0.68 4/27/2021 0.750 248,000.00 248,000.00 243,903.04 4/27/2026 209 15.29
Celtic Bank UT 3.65
9/26/2029 15118RR33 Certificate of
Deposits | 30 %0.09 0.68 9/26/2024 3.650 248,000.00 248,000.00 247,089.84 9/26/2029 1,457 99.20
Central Bank AK 4
5/12/2028 152577BN1 Certificate of
Deposits | 30 %0.09 0.68 5/12/2023 4.000 248,000.00 248,000.00 250,162.56 5/12/2028 955 489.21
cfsbank PA 4.7
11/30/2027 12526AAM9 Certificate of
Deposits | 30 %0.09 0.67 5/30/2024 4.700 244,000.00 244,000.00 249,158.16 11/30/2027 791 3,833.14
Chartway FCU VA 4.9
6/9/2026 16141BAC5 Certificate of
Deposits | 30 %0.09 0.68 6/9/2023 4.900 248,000.00 248,000.00 249,790.56 6/9/2026 252 699.16
96
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
CIBC Bank USA IL 4.35
5/16/2028 12547CBJ6 Certificate of
Deposits | 30 %0.09 0.67 5/16/2023 4.350 244,000.00 244,000.00 248,121.16 5/16/2028 959 3,983.88
Civic FCU 3.65
9/26/2028 178808AF8 Certificate of
Deposits | 30 %0.09 0.68 9/26/2025 3.650 248,000.00 248,000.00 248,000.00 9/26/2028 1,092 99.20
Comenity Capital Bank
UT 2.65 4/14/2027 20033A3A2 Certificate of
Deposits | 30 %0.09 0.68 4/14/2022 2.650 248,000.00 248,000.00 244,074.16 4/14/2027 561 288.09
ConnectOne Bank NJ
0.8 9/24/2026 20786ADL6 Certificate of
Deposits | 30 %0.09 0.68 9/24/2021 0.800 248,000.00 248,000.00 240,870.00 9/24/2026 359 32.61
Connexus Credit Union
WI 1.25 12/23/2026 20825WAR1 Certificate of
Deposits | 30 %0.09 0.69 12/23/2021 1.250 249,000.00 249,000.00 241,542.45 12/23/2026 449 0.00
Cornerstone Comm.FCU NY 3.7 10/1/2029 21923MAB7 Certificate ofDeposits | 30 %0.09 0.68 9/30/2024 3.700 248,000.00 248,000.00 247,561.04 10/1/2029 1,462 0.00
County Schools FCU
CA 4.4 9/30/2027 22258JAB7 Certificate of
Deposits | 30 %0.09 0.68 9/30/2022 4.400 248,000.00 248,000.00 251,581.12 9/30/2027 730 0.00
Covantage Credit Union
WI 4.2 8/7/2028 22282XAD2 Certificate of
Deposits | 30 %0.09 0.68 8/6/2024 4.200 247,000.00 247,000.00 250,660.54 8/7/2028 1,042 1,563.21
Credit Human FCU 3.6
9/29/2028 22537MAH0 Certificate of
Deposits | 30 %0.09 0.68 9/29/2025 3.600 248,000.00 248,000.00 247,647.84 9/29/2028 1,095 24.46
Cross River Bank NJ
4.5 4/26/2027 227563GC1 Certificate of
Deposits | 30 %0.09 0.67 4/26/2024 4.500 244,000.00 244,000.00 246,835.28 4/26/2027 573 4,722.90
Customers Bank PA 4.56/14/2028 23204HPB8 Certificate ofDeposits | 30 %0.09 0.67 6/14/2023 4.500 244,000.00 244,000.00 249,199.64 6/14/2028 988 3,248.88
Cy-Fair FCU TX 4.5
5/12/2028 23248UAB3 Certificate of
Deposits | 30 %0.09 0.68 5/12/2023 4.500 248,000.00 248,000.00 253,252.64 5/12/2028 955 550.36
Direct FCU MA 4.8
11/8/2027 25460FDW3 Certificate of
Deposits | 30 %0.09 0.68 11/7/2022 4.800 248,000.00 248,000.00 253,803.20 11/8/2027 769 750.12
Dort Financial Credit
Union MI 4.5
12/16/2027
25844MAK4 Certificate of
Deposits | 30 %0.09 0.68 12/16/2022 4.500 247,000.00 247,000.00 251,423.77 12/16/2027 807 2,771.14
EagleBank MD 4.05
4/16/2030 27002YHQ2 Certificate of
Deposits | 30 %0.09 0.68 4/16/2025 4.050 248,000.00 248,000.00 251,104.96 4/16/2030 1,659 385.25
Eaglemark Savings
Bank NV 2 3/2/2027 27004PCM3 Certificate of
Deposits | 30 %0.09 0.67 3/2/2022 2.000 245,000.00 245,000.00 239,169.00 3/2/2027 518 375.89
Empower FCU NY 5.25
11/15/2028 291916AJ3 Certificate of
Deposits | 30 %0.09 0.68 11/15/2023 5.250 247,000.00 247,000.00 258,589.24 11/15/2028 1,142 710.55
Enterprise Bank PA 4.6
6/7/2029 29367RND4 Certificate of
Deposits | 30 %0.09 0.68 6/7/2024 4.600 248,000.00 248,000.00 255,516.88 6/7/2029 1,346 718.86
EverBank, NA f/k/a
TIAA FSB 0.5
2/12/2026
87270LDL4 Certificate of
Deposits | 30 %0.09 0.67 2/12/2021 0.500 245,000.00 245,000.00 241,834.60 2/12/2026 135 164.45
Evergreen Bank Group
IL 3.85 7/27/2026 300185LM5 Certificate of
Deposits | 30 %0.09 0.68 1/27/2023 3.850 248,000.00 248,000.00 248,071.92 7/27/2026 300 78.48
Fahey BankingCompany 4.2 8/30/2027 303117DN2 Certificate ofDeposits | 30 %0.09 0.68 2/28/2025 4.200 248,000.00 248,000.00 250,499.84 8/30/2027 699 57.07
Farmers & Merchants
Bank of Colby 4.47/5/2029 30781JBU3 Certificate of
Deposits | 30 %0.09 0.68 7/5/2024 4.400 248,000.00 248,000.00 253,857.76 7/5/2029 1,374 747.40
Fidelity Bank LA 0.7
4/30/2026 31617CAV5 Certificate of
Deposits | 30 %0.09 0.68 4/30/2021 0.700 248,000.00 248,000.00 243,483.92 4/30/2026 212 0.00
97
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
Fieldpoint Private B&T
CT 4 9/4/2026 31657FBA4 Certificate of
Deposits | 30 %0.09 0.68 9/4/2024 4.000 248,000.00 248,000.00 248,466.24 9/4/2026 339 706.63
First Bank Elk River MN
4.4 6/30/2028 31911KAK4 Certificate of
Deposits | 30 %0.09 0.68 6/30/2023 4.400 248,000.00 248,000.00 256,935.44 6/30/2028 1,004 0.00
First Bank NJ 4.45
12/26/2025 319137CB9 Certificate of
Deposits | 30 %0.09 0.67 12/28/2023 4.450 244,000.00 244,000.00 244,185.44 12/26/2025 87 2,796.31
First Federal Savings IN
4.25 7/9/2026 32021YEV1 Certificate of
Deposits | 30 %0.09 0.68 2/9/2024 4.250 248,000.00 248,000.00 248,806.00 7/9/2026 282 606.41
First Nat'l Bank of
America MI 3.75
10/30/2028
32110YQ24 Certificate of
Deposits | 30 %0.09 0.68 10/30/2024 3.750 248,000.00 248,000.00 248,682.00 10/30/2028 1,126 0.00
First Service CU f/k/a
SPCO TX 4.35
1/20/2028
78472EAB0 Certificate of
Deposits | 30 %0.09 0.69 1/20/2023 4.350 249,000.00 249,000.00 252,849.54 1/20/2028 842 296.75
Forbright Bank MD 4.6
11/2/2027 34520LAT0 Certificate of
Deposits | 30 %0.09 0.68 11/2/2022 4.600 248,000.00 248,000.00 252,731.84 11/2/2027 763 875.13
Four Points FCU 4.555/11/2026 35089LAF0 Certificate ofDeposits | 30 %0.09 0.68 5/10/2023 4.550 248,000.00 248,000.00 249,044.08 5/11/2026 223 618.30
Genesee Regional
Bank NY 4.212/28/2026 37173RAL7 Certificate of
Deposits | 30 %0.09 0.67 12/27/2023 4.200 244,000.00 244,000.00 245,315.16 12/28/2026 454 2,667.29
Global FCU f/k/a Alaska
USA AK 4.6 3/8/2028 011852AE0 Certificate of
Deposits | 30 %0.09 0.68 3/8/2023 4.600 248,000.00 248,000.00 253,490.72 3/8/2028 890 687.61
Golden State Bank CA
4.45 6/22/2027 38120MCA2 Certificate of
Deposits | 30 %0.09 0.69 6/22/2023 4.450 249,000.00 249,000.00 252,182.22 6/22/2027 630 242.86
Goldman Sachs Bank
USA 1 7/28/2026 38149MXK4 Certificate of
Deposits | 30 %0.09 0.68 7/28/2021 1.000 248,000.00 248,000.00 242,154.64 7/28/2026 301 434.85
Greenstate Credit
Union IA 0.95 4/16/2026 39573LBC1 Certificate of
Deposits | 30 %0.09 0.69 4/16/2021 0.950 249,000.00 249,000.00 245,088.21 4/16/2026 198 187.94
Healthcare Systems
FCU VA 5.1 10/27/2028 42228LAN1 Certificate of
Deposits | 30 %0.09 0.68 10/27/2023 5.100 248,000.00 248,000.00 258,388.72 10/27/2028 1,123 103.96
Ideal Credit Union MN
4.5 12/29/2027 45157PAZ3 Certificate of
Deposits | 30 %0.09 0.68 12/29/2022 4.500 248,000.00 248,000.00 252,563.20 12/29/2027 820 886.68
Jeep Country FCU OH
4.7 6/29/2027 472312AA5 Certificate of
Deposits | 30 %0.09 0.68 6/29/2023 4.700 248,000.00 248,000.00 252,260.64 6/29/2027 637 31.93
Knoxville TVAEmployees Credit
Union 4.85 8/25/202
499724AP7 Certificate of
Deposits | 30 %0.09 0.68 8/25/2023 4.850 248,000.00 248,000.00 256,203.84 8/25/2028 1,060 955.65
Lafayette FCU MD 4.13/28/2029 50625LCA9 Certificate ofDeposits | 30 %0.09 0.68 3/28/2025 4.100 248,000.00 248,000.00 251,253.76 3/28/2029 1,275 55.72
Latino Community
Credit Union NC 4.512/21/2027 51828MAC8 Certificate of
Deposits | 30 %0.09 0.68 12/21/2022 4.500 248,000.00 248,000.00 252,498.72 12/21/2027 812 275.18
Leaders Credit Union
TN 5.1 10/30/2028 52171MAM7 Certificate of
Deposits | 30 %0.09 0.68 10/30/2023 5.100 248,000.00 248,000.00 258,430.88 10/30/2028 1,126 0.00
Legacy Bank & Trust
Co. MO 4.5 9/27/2028 52470QEC4 Certificate of
Deposits | 30 %0.09 0.68 9/27/2023 4.500 248,000.00 248,000.00 253,966.88 9/27/2028 1,093 91.73
Legends Bank TN 3.75
9/11/2028 52465JKL0 Certificate of
Deposits | 30 %0.09 0.68 9/11/2024 3.750 248,000.00 248,000.00 248,691.92 9/11/2028 1,077 484.11
98
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
Liberty First Credit
Union NE 4.5 2/22/2028 530520AH8 Certificate of
Deposits | 30 %0.09 0.68 2/21/2023 4.500 248,000.00 248,000.00 252,808.72 2/22/2028 875 886.68
Maine Community Bank
3.75 8/30/2027 560390DC7 Certificate of
Deposits | 30 %0.09 0.68 8/30/2024 3.750 248,000.00 248,000.00 248,406.72 8/30/2027 699 0.00
Maine Savings FCU 4.87/21/2028 560507AQ8 Certificate ofDeposits | 30 %0.09 0.68 7/21/2023 4.800 248,000.00 248,000.00 255,601.20 7/21/2028 1,025 293.52
Marathon Bank WI 1.8
3/16/2027 565819AG4 Certificate of
Deposits | 30 %0.09 0.68 3/16/2022 1.800 248,000.00 248,000.00 241,237.04 3/16/2027 532 171.22
Marine FCU NC 4
8/31/2026 56824JBC7 Certificate of
Deposits | 30 %0.09 0.68 8/30/2024 4.000 248,000.00 248,000.00 248,456.32 8/31/2026 335 0.00
Medallion Bank UT 4.85
10/20/2028 58404DTP6 Certificate of
Deposits | 30 %0.09 0.68 10/20/2023 4.850 248,000.00 248,000.00 260,290.88 10/20/2028 1,116 329.53
Merrick Bank UT 1.1
11/9/2026 59013KPN0 Certificate of
Deposits | 30 %0.09 0.69 11/9/2021 1.100 249,000.00 249,000.00 241,806.39 11/9/2026 405 157.59
Metro Credit Union MA
1.7 2/18/2027 59161YAP1 Certificate of
Deposits | 30 %0.09 0.69 2/18/2022 1.700 249,000.00 249,000.00 242,167.44 2/18/2027 506 336.32
Mid Carolina Credit
Union SC 4.85
3/13/2026
59524LAA4 Certificate of
Deposits | 30 %0.09 0.68 3/13/2023 4.850 248,000.00 248,000.00 249,190.40 3/13/2026 164 560.21
Milestone Bk f/k/a LCA
UT 1 6/26/2026 501798RP9 Certificate of
Deposits | 30 %0.09 0.68 12/27/2021 1.000 248,000.00 248,000.00 242,903.60 6/26/2026 269 645.48
Minnwest Bank MN
4.25 5/3/2027 60425SKB4 Certificate of
Deposits | 30 %0.09 0.68 5/1/2023 4.250 248,000.00 248,000.00 250,093.12 5/3/2027 580 837.42
Money One FCU MD 59/14/2028 60936TAL3 Certificate ofDeposits | 30 %0.09 0.68 9/14/2023 5.000 248,000.00 248,000.00 257,366.96 9/14/2028 1,080 543.56
Morgan Stanley Bank,
NA 4.25 3/5/2030 61690DT40 Certificate of
Deposits | 30 %0.09 0.67 3/5/2025 4.250 244,000.00 244,000.00 248,906.84 3/5/2030 1,617 710.27
Morgan Stanley Private
Bank 4.25 3/5/2030 61776NMT7 Certificate of
Deposits | 30 %0.09 0.67 3/5/2025 4.250 244,000.00 244,000.00 248,906.84 3/5/2030 1,617 710.27
Mountain American
FCU 4.7 4/28/2026 62384RAT3 Certificate of
Deposits | 30 %0.09 0.68 4/28/2023 4.700 248,000.00 248,000.00 249,182.96 4/28/2026 210 926.09
MVB Bank, Inc. WV
4.05 2/1/2028 62847NEP7 Certificate of
Deposits | 30 %0.09 0.68 8/1/2024 4.050 248,000.00 248,000.00 250,217.12 2/1/2028 854 798.02
Nelnet Bank UT 1.8
3/2/2026 64034KAZ4 Certificate of
Deposits | 30 %0.09 0.67 3/2/2022 1.800 245,000.00 245,000.00 242,790.10 3/2/2026 153 338.30
Northpointe Bank MI
4.85 10/20/2028 666613MK7 Certificate of
Deposits | 30 %0.09 0.68 10/20/2023 4.850 248,000.00 248,000.00 256,551.04 10/20/2028 1,116 329.53
Numerica CU 4.15
11/26/2029 67054NBT9 Certificate of
Deposits | 30 %0.09 0.68 11/26/2024 4.150 248,000.00 248,000.00 251,811.76 11/26/2029 1,518 112.79
Optum Bank, Inc UT 44/29/2030 68405VDD8 Certificate ofDeposits | 30 %0.09 0.67 4/28/2025 4.000 245,000.00 245,000.00 247,513.70 4/29/2030 1,672 4,161.64
Oregon Community
Credit Union 4.856/7/2027 68584JAT6 Certificate of
Deposits | 30 %0.09 0.68 6/7/2024 4.850 248,000.00 248,000.00 252,692.16 6/7/2027 615 757.93
Pacific Crest Savings
Bank WA 3.9 8/16/2029 69417ADA4 Certificate of
Deposits | 30 %0.09 0.68 8/16/2024 3.900 248,000.00 248,000.00 249,448.32 8/16/2029 1,416 370.98
Parkside Financial B&T
MO 3.75 9/13/2028 70147AGA6 Certificate of
Deposits | 30 %0.09 0.68 9/13/2024 3.750 248,000.00 248,000.00 248,691.92 9/13/2028 1,079 433.15
99
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
Partners Bank of
California 4.15
8/27/2027
70212YBY7 Certificate of
Deposits | 30 %0.09 0.67 2/27/2025 4.150 244,000.00 244,000.00 246,066.68 8/27/2027 696 943.24
Peoples Exchange
Bank KY 4.15 8/9/2027 71104AAS2 Certificate of
Deposits | 30 %0.09 0.68 8/9/2024 4.150 248,000.00 248,000.00 250,142.72 8/9/2027 678 592.14
Ponce Bank NY 3.5
9/15/2027 732329BD8 Certificate of
Deposits | 30 %0.09 0.68 9/15/2022 3.500 248,000.00 248,000.00 247,273.36 9/15/2027 715 356.71
Prevail Bank WI 4.251/24/2028 887171AB2 Certificate ofDeposits | 30 %0.09 0.69 7/24/2024 4.250 249,000.00 249,000.00 252,314.19 1/24/2028 846 173.96
RiverWood Bank MN
3.85 3/11/2027 76951DBZ2 Certificate of
Deposits | 30 %0.09 0.68 9/11/2024 3.850 248,000.00 248,000.00 248,446.40 3/11/2027 527 497.02
Rize FCU f/k/a SCE CA
4.7 6/20/2029 78413RAV9 Certificate of
Deposits | 30 %0.09 0.68 6/20/2024 4.700 248,000.00 248,000.00 256,414.64 6/20/2029 1,359 319.34
Rockland FCU MA 4.6
12/22/2026 77357DAD0 Certificate of
Deposits | 30 %0.09 0.68 12/22/2023 4.600 248,000.00 248,000.00 250,524.64 12/22/2026 448 250.04
Safra Nat'l Bank NY
f/k/a/ Delta Nat'l 2 2 24773RCR4 Certificate of
Deposits | 30 %0.09 0.67 3/9/2022 2.000 245,000.00 245,000.00 239,232.70 2/25/2027 513 281.92
Sallie Mae Bank UT 1
7/28/2026 795451AF0 Certificate of
Deposits | 30 %0.09 0.68 7/28/2021 1.000 248,000.00 248,000.00 242,298.48 7/28/2026 301 434.85
San Francisco FCU CA
4.35 2/3/2028 79772FAG1 Certificate of
Deposits | 30 %0.09 0.68 2/3/2023 4.350 248,000.00 248,000.00 251,891.12 2/3/2028 856 798.02
Signature FCU VA 4.4
1/31/2028 82671DAB3 Certificate of
Deposits | 30 %0.09 0.68 1/31/2023 4.400 248,000.00 248,000.00 252,154.00 1/31/2028 853 0.00
Simmons Bank f/k/aLandmark Comm. 0.5
1/22/2026
51507LCC6 Certificate of
Deposits | 30 %0.09 0.68 1/22/2021 0.500 248,000.00 248,000.00 245,289.36 1/22/2026 114 27.18
SkyOne FCU CA 3.910/25/2028 83088XAR9 Certificate ofDeposits | 30 %0.09 0.68 10/25/2024 3.900 248,000.00 248,000.00 249,745.92 10/25/2028 1,121 132.49
SNB Bank, NA OK 4.1
8/14/2028 78470MBS6 Certificate of
Deposits | 30 %0.09 0.68 8/14/2024 4.100 248,000.00 248,000.00 251,038.00 8/14/2028 1,049 445.72
Sound Credit Union WA
4.15 6/2/2028 83616HAH7 Certificate of
Deposits | 30 %0.09 0.68 6/2/2025 4.150 248,000.00 248,000.00 251,152.08 6/2/2028 976 789.52
Southern Bank GA 4.25
1/28/2026 84229LBA9 Certificate of
Deposits | 30 %0.09 0.67 10/28/2022 4.250 244,000.00 244,000.00 244,124.44 1/28/2026 120 4,403.70
Southern Bank MO 4.2
5/17/2028 843383CS7 Certificate of
Deposits | 30 %0.09 0.68 5/17/2023 4.200 248,000.00 248,000.00 251,414.96 5/17/2028 960 370.98
Southern Bank of TN
4.35 7/12/2029 84229QAC5 Certificate of
Deposits | 30 %0.09 0.68 7/12/2024 4.350 248,000.00 248,000.00 253,431.20 7/12/2029 1,381 532.01
Southern States Bank
4.15 9/21/2026 843879GS0 Certificate of
Deposits | 30 %0.09 0.68 3/21/2025 4.150 248,000.00 248,000.00 248,865.52 9/21/2026 356 253.78
St. Vincent's Medical
Center FCU 4.6
6/16/2027
85279AAC6 Certificate of
Deposits | 30 %0.09 0.68 6/16/2023 4.600 248,000.00 248,000.00 251,744.80 6/16/2027 624 437.57
Stearns Bank, NA MN
4.2 8/9/2027 857894Q51 Certificate of
Deposits | 30 %0.09 0.67 8/8/2024 4.200 244,000.00 244,000.00 246,222.84 8/9/2027 678 1,488.07
Sunwest Bank 3.559/28/2029 86804DDG0 Certificate ofDeposits | 30 %0.09 0.68 9/30/2024 3.550 248,000.00 248,000.00 246,184.64 9/28/2029 1,459 0.00
Synchrony Bank 0.9
9/3/2026 87165ET98 Certificate of
Deposits | 30 %0.09 0.67 9/3/2021 0.900 245,000.00 245,000.00 238,612.85 9/3/2026 338 175.19
100
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
Technology Credit
Union CA 5 5/29/2026 87868YAQ6 Certificate of
Deposits | 30 %0.09 0.68 5/30/2023 5.000 248,000.00 248,000.00 249,897.20 5/29/2026 241 985.21
Texas Exchange Bank
3.7 9/6/2029 88241TSW1 Certificate of
Deposits | 30 %0.09 0.68 9/6/2024 3.700 248,000.00 248,000.00 247,603.20 9/6/2029 1,437 603.35
The Genoa Banking Co.
4.6 11/28/2028 372348DJ8 Certificate of
Deposits | 30 %0.09 0.68 11/28/2023 4.600 248,000.00 248,000.00 254,901.84 11/28/2028 1,155 62.51
The Greenwood's State
Bank WI 3.05 5/17/2027 397417AQ9 Certificate of
Deposits | 30 %0.09 0.68 5/17/2022 3.050 248,000.00 248,000.00 245,458.00 5/17/2027 594 269.40
The Pitney Bowes
Bank, Inc UT 4.35
4/13/2028
724468AC7 Certificate of
Deposits | 30 %0.09 0.67 4/14/2023 4.350 244,000.00 244,000.00 248,089.44 4/13/2028 926 4,914.43
Third Federal Savings &
Loan 3.3 8/19/2027 88413QDN5 Certificate of
Deposits | 30 %0.09 0.67 8/19/2022 3.300 245,000.00 245,000.00 243,282.55 8/19/2027 688 930.33
Toyota FinancialSavings Bank NV 0.9
4/22/2026
89235MKY6 Certificate of
Deposits | 30 %0.09 0.67 4/22/2021 0.900 245,000.00 245,000.00 240,984.45 4/22/2026 204 972.62
True Sky FCU 1.62/4/2027 89786MAF1 Certificate ofDeposits | 30 %0.09 0.67 2/4/2022 1.600 245,000.00 245,000.00 238,115.50 2/4/2027 492 612.16
Truliant FCU NC 4.7
9/10/2027 89789AAG2 Certificate of
Deposits | 30 %0.09 0.68 3/10/2023 4.700 248,000.00 248,000.00 252,845.92 9/10/2027 710 638.68
Tuscon FCU AZ 5
9/8/2028 898812AC6 Certificate of
Deposits | 30 %0.09 0.68 9/8/2023 5.000 248,000.00 248,000.00 257,317.36 9/8/2028 1,074 747.40
UBS Bank USA UT 4.9
10/25/2028 90355GHG4 Certificate of
Deposits | 30 %0.09 0.68 10/25/2023 4.900 248,000.00 248,000.00 256,935.44 10/25/2028 1,121 166.47
United Fidelity Bank,
fsb IN 4.5 6/29/2028 910286GN7 Certificate of
Deposits | 30 %0.09 0.68 6/29/2023 4.500 248,000.00 248,000.00 257,515.76 6/29/2028 1,003 30.58
United RooseveltSavings Bank NJ 1.9
3/11/2027
91139LAB2 Certificate of
Deposits | 30 %0.09 0.68 3/11/2022 1.900 248,000.00 248,000.00 241,641.28 3/11/2027 527 245.28
United Teletech FCU NJ5.1 11/8/2027 913065AD0 Certificate ofDeposits | 30 %0.09 0.68 11/8/2023 5.100 248,000.00 248,000.00 255,276.32 11/8/2027 769 762.35
University Bank MI 4.2
11/30/2027 914098DJ4 Certificate of
Deposits | 30 %0.09 0.69 11/30/2022 4.200 249,000.00 249,000.00 251,848.56 11/30/2027 791 0.00
Univest Bank & Trust
Co. PA 4.35 5/12/2028 91527PBY2 Certificate of
Deposits | 30 %0.09 0.68 5/12/2023 4.350 248,000.00 248,000.00 252,325.12 5/12/2028 955 532.01
USAlliance Financial
FCU NY 4.55 5/26/2028 90352RDB8 Certificate of
Deposits | 30 %0.09 0.68 5/26/2023 4.550 248,000.00 248,000.00 253,642.00 5/26/2028 969 123.66
Utah First FCU 5
7/21/2028 91739JAB1 Certificate of
Deposits | 30 %0.09 0.67 7/21/2023 5.000 245,000.00 245,000.00 253,815.10 7/21/2028 1,025 302.05
Valley National Bank NJ
4.95 5/29/2026 919853LV1 Certificate of
Deposits | 30 %0.09 0.67 5/29/2024 4.950 244,000.00 244,000.00 245,610.40 5/29/2026 241 4,103.21
Valleystar Credit Union
VA 5.2 11/8/2028 92023CAJ2 Certificate of
Deposits | 30 %0.09 0.68 11/8/2023 5.200 247,000.00 247,000.00 258,142.17 11/8/2028 1,135 774.16
Vibrant Credit Union IL
0.8 6/30/2026 92559TAJ7 Certificate of
Deposits | 30 %0.09 0.69 7/2/2021 0.851 249,000.00 248,377.50 243,434.85 6/30/2026 273 158.27
VisionBank MN 4.055/12/2028 92834ABT2 Certificate ofDeposits | 30 %0.09 0.68 5/12/2023 4.050 248,000.00 248,000.00 250,472.56 5/12/2028 955 495.32
VyStar Credit Union FL
4.55 3/10/2028 92891CCZ3 Certificate of
Deposits | 30 %0.09 0.68 3/10/2023 4.550 248,000.00 248,000.00 253,217.92 3/10/2028 892 896.54
101
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
Washington Financial
Bank PA 4.5 5/31/2029 93883MBA5 Certificate of
Deposits | 30 %0.09 0.67 5/31/2024 4.500 244,000.00 244,000.00 250,397.68 5/31/2029 1,339 3,670.03
Workers FCU MA 5.2
10/30/2028 98138MCA6 Certificate of
Deposits | 30 %0.09 0.68 10/30/2023 5.200 248,000.00 248,000.00 259,152.56 10/30/2028 1,126 0.00
Sub Total / AverageNegotiable Certificate
Of Deposit
12.92 100.00 3.837 36,343,000.00 36,342,377.50 36,676,584.86 799 109,489.93
Treasury Note
T-Note 0.25 10/31/2025 91282CAT8
US Treasury |
100 %0.36 1.41 3/30/2021 0.750 1,000,000.00 977,500.00 996,840.00 10/31/2025 31 1,039.40
T-Note 0.375 1/31/2026 91282CBH3
US Treasury |
100 %0.18 0.70 2/23/2021 0.577 500,000.00 495,100.00 494,050.00 1/31/2026 123 310.80
T-Note 0.37511/30/2025 91282CAZ4 US Treasury |100 %0.18 0.70 4/22/2021 0.720 500,000.00 492,187.50 496,955.00 11/30/2025 61 625.00
T-Note 0.375
12/31/2025 91282CBC4 US Treasury |
100 %0.18 0.70 1/7/2021 0.431 500,000.00 498,632.81 495,495.00 12/31/2025 92 468.75
T-Note 0.5 2/28/2026 91282CBQ3
US Treasury |
100 %0.18 0.70 5/28/2021 0.750 500,000.00 494,165.00 493,065.00 2/28/2026 151 207.18
T-Note 0.5 2/28/2026 91282CBQ3
US Treasury |
100 %0.27 1.06 3/23/2022 2.353 750,000.00 698,025.00 739,597.50 2/28/2026 151 310.77
T-Note 0.625 7/31/2026 91282CCP4
US Treasury |
100 %0.36 1.41 9/29/2021 0.970 1,000,000.00 983,750.00 974,390.00 7/31/2026 304 1,036.01
T-Note 0.75 3/31/2026 91282CBT7
US Treasury |
100 %0.18 0.70 5/28/2021 0.770 500,000.00 499,525.00 492,410.00 3/31/2026 182 0.00
T-Note 0.75 3/31/2026 91282CBT7
US Treasury |
100 %0.18 0.70 6/17/2021 0.816 500,000.00 498,450.00 492,410.00 3/31/2026 182 0.00
T-Note 0.75 5/31/2026 91282CCF6
US Treasury |
100 %0.36 1.41 6/1/2021 0.810 1,000,000.00 997,060.00 979,940.00 5/31/2026 243 2,500.00
T-Note 0.75 5/31/2026 91282CCF6
US Treasury |100 %0.18 0.70 6/17/2021 0.870 500,000.00 497,095.00 489,970.00 5/31/2026 243 1,250.00
T-Note 0.75 8/31/2026 91282CCW9
US Treasury |
100 %0.36 1.41 9/29/2021 0.990 1,000,000.00 988,500.00 973,230.00 8/31/2026 335 621.55
T-Note 0.75 8/31/2026 91282CCW9
US Treasury |
100 %0.18 0.70 3/22/2022 2.350 500,000.00 466,454.17 486,615.00 8/31/2026 335 310.77
T-Note 1.125
10/31/2026 91282CDG3 US Treasury |
100 %0.18 0.70 3/22/2022 2.350 500,000.00 473,396.82 486,350.00 10/31/2026 396 2,338.65
T-Note 1.5 1/31/2027 912828Z78
US Treasury |
100 %0.36 1.41 2/10/2022 1.781 1,000,000.00 986,700.00 971,720.00 1/31/2027 488 2,486.41
T-Note 1.875 7/31/2026 912828Y95
US Treasury |
100 %0.36 1.41 8/29/2024 3.876 1,000,000.00 963,281.25 984,620.00 7/31/2026 304 3,108.02
T-Note 2.25 8/15/2027 9128282R0
US Treasury |
100 %0.36 1.41 11/18/2022 3.950 1,000,000.00 927,110.00 975,200.00 8/15/2027 684 2,812.50
T-Note 2.375 4/30/2026 9128286S4
US Treasury |
100 %0.36 1.41 3/23/2022 2.400 1,000,000.00 999,010.00 991,750.00 4/30/2026 212 9,874.32
T-Note 2.375 5/15/2027 912828X88
US Treasury |100 %0.36 1.41 6/7/2022 3.041 1,000,000.00 969,687.50 979,920.00 5/15/2027 592 8,906.25
T-Note 2.5 3/31/2027 91282CEF4
US Treasury |
100 %0.36 1.41 5/3/2022 3.010 1,000,000.00 976,860.00 983,130.00 3/31/2027 547 0.00
102
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
T-Note 2.625 2/15/2029 9128286B1
US Treasury |
100 %0.36 1.41 2/15/2024 4.286 1,000,000.00 925,976.56 967,580.00 2/15/2029 1,234 3,281.25
T-Note 2.625 5/31/2027 91282CET4
US Treasury |
100 %0.18 0.70 6/8/2022 2.980 500,000.00 491,842.18 491,720.00 5/31/2027 608 4,375.00
T-Note 2.625 5/31/2027 91282CET4
US Treasury |100 %0.36 1.41 8/29/2024 3.720 1,000,000.00 971,555.99 983,440.00 5/31/2027 608 8,750.00
T-Note 2.75 4/30/2027 91282CEN7
US Treasury |
100 %0.18 0.70 6/8/2022 2.971 500,000.00 495,000.00 493,105.00 4/30/2027 577 5,716.71
T-Note 2.75 7/31/2027 91282CFB2
US Treasury |
100 %0.36 1.41 8/15/2022 2.980 1,000,000.00 989,460.00 984,380.00 7/31/2027 669 4,558.42
T-Note 2.75 7/31/2027 91282CFB2
US Treasury |
100 %0.36 1.41 8/29/2022 3.200 1,000,000.00 979,645.67 984,380.00 7/31/2027 669 4,558.42
T-Note 2.875 4/30/2029 91282CEM9
US Treasury |
100 %0.36 1.41 4/30/2024 4.658 1,000,000.00 921,300.00 973,520.00 4/30/2029 1,308 11,953.12
T-Note 3.125
11/15/2028 9128285M8 US Treasury |
100 %0.36 1.41 12/29/2023 3.880 1,000,000.00 966,718.75 984,770.00 11/15/2028 1,142 11,718.75
T-Note 3.125 8/31/2027 91282CFH9
US Treasury |
100 %0.18 0.70 1/24/2023 3.640 500,000.00 489,175.00 495,370.00 8/31/2027 700 1,294.89
T-Note 3.25 6/30/2027 91282CEW7
US Treasury |
100 %0.36 1.41 2/15/2023 4.075 1,000,000.00 967,220.00 993,520.00 6/30/2027 638 8,125.00
T-Note 3.5 1/31/2028 91282CGH8
US Treasury |100 %0.36 1.41 2/2/2023 3.580 1,000,000.00 996,369.14 997,340.00 1/31/2028 853 5,801.63
T-Note 3.5 1/31/2028 91282CGH8
US Treasury |
100 %0.36 1.41 8/29/2024 3.680 1,000,000.00 994,257.81 997,340.00 1/31/2028 853 5,801.63
T-Note 3.5 1/31/2030 91282CGJ4
US Treasury |
100 %0.36 1.41 1/13/2025 4.531 1,000,000.00 953,900.00 991,520.00 1/31/2030 1,584 5,801.63
T-Note 3.5 4/30/2028 91282CHA2
US Treasury |
100 %0.36 1.41 5/31/2023 3.837 1,000,000.00 985,000.00 997,110.00 4/30/2028 943 14,551.63
T-Note 3.5 4/30/2028 91282CHA2
US Treasury |
100 %0.36 1.41 7/19/2024 4.145 1,000,000.00 977,600.00 997,110.00 4/30/2028 943 14,551.63
T-Note 3.5 9/30/2029 91282CLN9
US Treasury |
100 %0.36 1.41 9/30/2024 3.510 1,000,000.00 999,530.00 992,930.00 9/30/2029 1,461 0.00
T-Note 3.625 3/31/2028 91282CGT2
US Treasury |
100 %0.36 1.41 5/31/2023 3.853 1,000,000.00 990,000.00 1,000,270.00 3/31/2028 913 0.00
T-Note 3.625 3/31/2028 91282CGT2
US Treasury |
100 %0.36 1.41 6/15/2023 3.980 1,000,000.00 984,600.00 1,000,270.00 3/31/2028 913 0.00
T-Note 3.625 3/31/2028 91282CGT2
US Treasury |100 %0.36 1.41 10/19/2023 4.910 1,000,000.00 949,180.00 1,000,270.00 3/31/2028 913 0.00
T-Note 3.625 5/31/2028 91282CHE4
US Treasury |
100 %0.36 1.41 3/19/2025 4.013 1,000,000.00 988,400.00 1,000,160.00 5/31/2028 974 12,083.33
T-Note 3.625 8/31/2029 91282CLK5
US Treasury |
100 %0.71 2.82 9/3/2024 3.627 2,000,000.00 1,999,843.75 1,995,160.00 8/31/2029 1,431 6,008.29
T-Note 3.625 8/31/2030 91282CNX5
US Treasury |
100 %0.71 2.82 9/10/2025 3.584 2,000,000.00 2,003,687.70 1,989,680.00 8/31/2030 1,796 6,008.29
T-Note 3.625 9/30/2030 91282CPA3
US Treasury |
100 %0.71 2.82 9/30/2025 3.695 2,000,000.00 1,993,671.88 1,989,840.00 9/30/2030 1,826 0.00
T-Note 3.75 12/31/2028 91282CJR3
US Treasury |
100 %0.36 1.41 1/2/2024 3.815 1,000,000.00 997,067.49 1,003,160.00 12/31/2028 1,188 9,375.00
103
Description CUSIP/Ticker
Asset
Category
% of
Portfolio
Group
Percent
Settlement
Date
YTM @
Cost
Face
Amount/Shares Cost Value Market Value
Maturity
Date
Days To
Maturity
Accrued
Interest
T-Note 3.75 12/31/2028 91282CJR3
US Treasury |
100 %0.36 1.41 6/12/2024 4.480 1,000,000.00 970,230.00 1,003,160.00 12/31/2028 1,188 9,375.00
T-Note 3.75 4/15/2028 91282CMW8
US Treasury |
100 %0.36 1.41 4/15/2025 3.760 1,000,000.00 999,726.56 1,003,050.00 4/15/2028 928 17,213.11
T-Note 3.75 5/31/2030 91282CHF1
US Treasury |100 %0.36 1.41 5/15/2025 4.150 1,000,000.00 981,940.00 1,000,700.00 5/31/2030 1,704 12,500.00
T-Note 3.75 6/30/2030 91282CHJ3
US Treasury |
100 %0.36 1.41 6/17/2025 4.040 1,000,000.00 986,890.00 1,000,430.00 6/30/2030 1,734 9,375.00
T-Note 3.875
11/30/2029 91282CFY2 US Treasury |
100 %0.36 1.41 11/21/2024 4.271 1,000,000.00 982,265.63 1,006,450.00 11/30/2029 1,522 12,916.67
T-Note 3.875 4/30/2030 91282CMZ1
US Treasury |
100 %0.36 1.41 5/5/2025 3.900 1,000,000.00 998,867.19 1,006,330.00 4/30/2030 1,673 16,110.73
T-Note 3.875 7/15/2028 91282CNM9
US Treasury |
100 %0.36 1.41 7/31/2025 3.835 1,000,000.00 1,001,090.00 1,006,480.00 7/15/2028 1,019 8,108.02
T-Note 3.875 7/31/2030 91282CNN7
US Treasury |
100 %0.36 1.41 7/31/2025 3.960 1,000,000.00 996,170.01 1,006,020.00 7/31/2030 1,765 6,423.23
T-Note 3.875 9/30/2029 91282CFL0
US Treasury |
100 %0.36 1.41 10/8/2024 3.875 1,000,000.00 1,000,000.00 1,006,840.00 9/30/2029 1,461 0.00
T-Note 4 1/15/2027 91282CJT9
US Treasury |
100 %0.36 1.41 1/31/2024 4.115 1,000,000.00 996,813.45 1,003,750.00 1/15/2027 472 8,369.57
T-Note 4 10/31/2029 91282CFT3
US Treasury |100 %0.36 1.41 10/31/2024 4.110 1,000,000.00 995,070.00 1,011,250.00 10/31/2029 1,492 16,630.43
T-Note 4 2/28/2030 91282CGQ8
US Treasury |
100 %0.71 2.82 2/26/2025 4.140 2,000,000.00 1,987,440.00 2,023,200.00 2/28/2030 1,612 6,629.83
T-Note 4 3/31/2030 91282CMU2
US Treasury |
100 %0.36 1.41 4/1/2025 3.950 1,000,000.00 1,002,265.63 1,011,450.00 3/31/2030 1,643 0.00
T-Note 4 5/31/2030 91282CNG2
US Treasury |
100 %0.36 1.41 6/2/2025 4.060 1,000,000.00 997,304.69 1,011,720.00 5/31/2030 1,704 13,259.67
T-Note 4 7/31/2029 91282CLC3
US Treasury |
100 %0.36 1.41 7/31/2024 4.134 1,000,000.00 994,000.00 1,011,060.00 7/31/2029 1,400 6,630.43
T-Note 4 7/31/2030 91282CHR5
US Treasury |
100 %0.36 1.41 7/8/2025 3.965 1,000,000.00 1,001,560.00 1,011,290.00 7/31/2030 1,765 6,630.43
T-Note 4.125
10/31/2027 91282CFU0 US Treasury |
100 %0.27 1.06 11/6/2023 4.524 750,000.00 739,200.00 757,620.00 10/31/2027 761 12,862.60
T-Note 4.125
10/31/2027 91282CFU0 US Treasury |
100 %0.36 1.41 5/31/2024 4.675 1,000,000.00 982,790.00 1,010,160.00 10/31/2027 761 17,150.14
T-Note 4.12511/30/2029 91282CMA6 US Treasury |100 %0.36 1.41 12/2/2024 4.180 1,000,000.00 997,539.06 1,016,090.00 11/30/2029 1,522 13,750.00
T-Note 4.125 3/31/2029 91282CKG5
US Treasury |
100 %0.36 1.41 4/1/2024 4.210 1,000,000.00 996,200.00 1,015,230.00 3/31/2029 1,278 0.00
T-Note 4.125 6/15/2026 91282CHH7
US Treasury |
100 %0.36 1.41 2/26/2025 4.091 1,000,000.00 1,000,380.00 1,002,320.00 6/15/2026 258 12,059.43
T-Note 4.125 9/30/2027 91282CFM8
US Treasury |
100 %0.36 1.41 7/30/2024 4.150 1,000,000.00 999,210.00 1,009,650.00 9/30/2027 730 0.00
T-Note 4.25 1/31/2026 91282CJV4
US Treasury |
100 %0.36 1.41 1/31/2024 4.330 1,000,000.00 998,482.98 1,000,700.00 1/31/2026 123 7,044.84
T-Note 4.25 1/31/2030 91282CMG3
US Treasury |
100 %0.36 1.41 1/31/2025 4.330 1,000,000.00 996,437.79 1,021,170.00 1/31/2030 1,584 7,044.84
104
Description CUSIP/Ticker
AssetCategory % ofPortfolio GroupPercent SettlementDate YTM @Cost FaceAmount/Shares Cost Value Market Value
MaturityDate Days ToMaturity AccruedInterest
T-Note 4.25 6/30/2029 91282CKX8
US Treasury |
100 %0.71 2.82 7/1/2024 4.290 2,000,000.00 1,996,433.38 2,039,760.00 6/30/2029 1,369 21,250.00
T-Note 4.375
12/31/2029 91282CMD0 US Treasury |
100 %0.53 2.11 12/31/2024 4.425 1,500,000.00 1,496,700.00 1,538,790.00 12/31/2029 1,553 16,406.25
T-Note 4.5 5/31/2029 91282CKT7
US Treasury |
100 %0.71 2.82 5/31/2024 4.540 2,000,000.00 1,996,484.38 2,056,100.00 5/31/2029 1,339 30,000.00
Sub Total / Average
Treasury Note 25.24 100.00 3.549 71,000,000.00 69,984,982.72 70,872,372.50 1,026 470,261.22
Total / Average 100 3.703 281,287,430.62 279,991,410.89 281,497,979.77 630 1,399,186.99
105
City of La Quinta | CA
Transactions Summary
Transactions Report -Use this
Group By: Action
Portfolio / Report Group: All Portfolios
Begin Date: 07/01/2025, End Date: 09/30/2025
Description CUSIP/Ticker
YTM @
Cost Trade Date
Settlement
Date Maturity Date
Face
Amount/Shares Principal Price Interest/Dividends Total
Buy
CAMP TERM 4.07 6/25/2026 CAMPTERM62526 4.070 7/2/2025 7/3/2025 6/25/2026 30,000,000.00 30,000,000.00 100 0.00 30,000,000.00
Civic FCU 3.65 9/26/2028 178808AF8 3.650 9/23/2025 9/26/2025 9/26/2028 248,000.00 248,000.00 100 0.00 248,000.00
Credit Human FCU 3.6 9/29/2028 22537MAH0 3.600 9/23/2025 9/29/2025 9/29/2028 248,000.00 248,000.00 100 0.00 248,000.00
FFCB 3.75 8/14/2028 3133ETTJ6 3.721 8/12/2025 8/14/2025 8/14/2028 1,000,000.00 1,000,810.00 100.081 0.00 1,000,810.00
FHLB 3.5 9/13/2030 3130AF2S5 3.580 9/11/2025 9/15/2025 9/13/2030 1,000,000.00 996,370.00 99.637 194.44 996,564.44
FHLB 4 7/30/2029-27 3130B7BU7 4.000 7/30/2025 7/31/2025 7/30/2029 1,000,000.00 1,000,000.00 100 0.00 1,000,000.00
FNMA 4.125 7/16/2030-27 3136GAKH1 4.126 7/24/2025 7/25/2025 7/16/2030 1,000,000.00 999,950.00 99.995 802.08 1,000,752.08
FNMA 4.15 7/28/2028-26 3136GAKZ1 4.150 7/30/2025 7/31/2025 7/28/2028 1,000,000.00 1,000,000.00 100 0.00 1,000,000.00
T-Note 3.625 8/31/2030 91282CNX5 3.584 9/9/2025 9/10/2025 8/31/2030 2,000,000.00 2,003,687.70 100.184385 2,002.76 2,005,690.46
T-Note 3.625 9/30/2030 91282CPA3 3.695 9/24/2025 9/30/2025 9/30/2030 2,000,000.00 1,993,671.88 99.683594 0.00 1,993,671.88
T-Note 3.875 7/15/2028 91282CNM9 3.835 7/30/2025 7/31/2025 7/15/2028 1,000,000.00 1,001,090.00 100.109 1,684.78 1,002,774.78
T-Note 3.875 7/31/2030 91282CNN7 3.960 7/28/2025 7/31/2025 7/31/2030 1,000,000.00 996,170.01 99.617001 0.00 996,170.01
T-Note 4 7/31/2030 91282CHR5 3.965 7/7/2025 7/8/2025 7/31/2030 1,000,000.00 1,001,560.00 100.156 17,458.56 1,019,018.56
Sub Total / Average Buy 42,496,000.00 42,489,309.59 22,142.62 42,511,452.21
Called
FHLB 5 2/15/2029-25 3130AYYJ9 0.000 8/15/2025 8/15/2025 2/15/2029 1,000,000.00 1,000,000.00 0 0.00 1,000,000.00
Sub Total / Average Called 1,000,000.00 1,000,000.00 0.00 1,000,000.00
Interest
Advantage Credit Union IA 4.45
7/31/2028 00790UAE7 0.000 9/30/2025 9/30/2025 7/31/2028 0.00 0.00 910.73 910.73
Advantage Credit Union IA 4.45
7/31/2028 00790UAE7 0.000 8/31/2025 8/31/2025 7/31/2028 0.00 0.00 941.08 941.08
Advantage Credit Union IA 4.45
7/31/2028 00790UAE7 0.000 7/31/2025 7/31/2025 7/31/2028 0.00 0.00 941.08 941.08
Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 0.000 9/17/2025 9/17/2025 3/17/2028 0.00 0.00 1,032.09 1,032.09
Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 0.000 8/18/2025 8/18/2025 3/17/2028 0.00 0.00 1,032.09 1,032.09
Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 0.000 7/17/2025 7/17/2025 3/17/2028 0.00 0.00 998.79 998.79
Alabama Credit Union 5 6/22/2026 01025RAG4 0.000 9/22/2025 9/22/2025 6/22/2026 0.00 0.00 1,053.15 1,053.15
Alabama Credit Union 5 6/22/2026 01025RAG4 0.000 8/20/2025 8/20/2025 6/22/2026 0.00 0.00 1,053.15 1,053.15
Alabama Credit Union 5 6/22/2026 01025RAG4 0.000 7/21/2025 7/21/2025 6/22/2026 0.00 0.00 1,019.18 1,019.18
All In FCU AL 4.4 12/20/2027 01664MAB2 0.000 9/22/2025 9/22/2025 12/20/2027 0.00 0.00 926.77 926.77
106
Description CUSIP/Ticker
YTM @
Cost Trade Date
Settlement
Date Maturity Date
Face
Amount/Shares Principal Price Interest/Dividends Total
All In FCU AL 4.4 12/20/2027 01664MAB2 0.000 8/20/2025 8/20/2025 12/20/2027 0.00 0.00 926.77 926.77
All In FCU AL 4.4 12/20/2027 01664MAB2 0.000 7/21/2025 7/21/2025 12/20/2027 0.00 0.00 896.88 896.88
Alliant Credit Union IL 5 12/30/2027 01882MAC6 0.000 9/30/2025 9/30/2025 12/30/2027 0.00 0.00 1,048.90 1,048.90
Alliant Credit Union IL 5 12/30/2027 01882MAC6 0.000 8/31/2025 8/31/2025 12/30/2027 0.00 0.00 1,048.90 1,048.90
Alliant Credit Union IL 5 12/30/2027 01882MAC6 0.000 7/30/2025 7/30/2025 12/30/2027 0.00 0.00 1,015.07 1,015.07
Altaone FCU CA 4.45 7/19/2029 02157RAA5 0.000 9/2/2025 9/2/2025 7/19/2029 0.00 0.00 941.08 941.08
Altaone FCU CA 4.45 7/19/2029 02157RAA5 0.000 8/1/2025 8/1/2025 7/19/2029 0.00 0.00 941.08 941.08
Amerant Bank, NA FL 1.6
2/16/2027 02357QAQ0 0.000 8/14/2025 8/14/2025 2/16/2027 0.00 0.00 1,943.89 1,943.89
American Express Nat'l Bank 3.45
7/27/2027 02589ADH2 0.000 7/28/2025 7/28/2025 7/27/2027 0.00 0.00 4,191.51 4,191.51
Austin Telco FCU TX 3.8 9/21/2027 052392BT3 0.000 9/2/2025 9/2/2025 9/21/2027 0.00 0.00 800.39 800.39
Austin Telco FCU TX 3.8 9/21/2027 052392BT3 0.000 8/1/2025 8/1/2025 9/21/2027 0.00 0.00 800.39 800.39
Balboa Thrift & Loan 4.4 7/19/2028 05765LBU0 0.000 9/19/2025 9/19/2025 7/19/2028 0.00 0.00 926.77 926.77
Balboa Thrift & Loan 4.4 7/19/2028 05765LBU0 0.000 8/19/2025 8/19/2025 7/19/2028 0.00 0.00 926.77 926.77
Balboa Thrift & Loan 4.4 7/19/2028 05765LBU0 0.000 7/21/2025 7/21/2025 7/19/2028 0.00 0.00 896.88 896.88
Ballston Spa Nat'l Bank NY 4.811/24/2026 058723AQ0 0.000 9/24/2025 9/24/2025 11/24/2026 0.00 0.00 1,011.02 1,011.02
Ballston Spa Nat'l Bank NY 4.8
11/24/2026 058723AQ0 0.000 8/25/2025 8/25/2025 11/24/2026 0.00 0.00 1,011.02 1,011.02
Ballston Spa Nat'l Bank NY 4.8
11/24/2026 058723AQ0 0.000 7/24/2025 7/24/2025 11/24/2026 0.00 0.00 978.41 978.41
Bank Five Nine WI 4.25 5/12/2028 062119BT8 0.000 9/12/2025 9/12/2025 5/12/2028 0.00 0.00 895.18 895.18
Bank Five Nine WI 4.25 5/12/2028 062119BT8 0.000 8/12/2025 8/12/2025 5/12/2028 0.00 0.00 895.18 895.18
Bank Five Nine WI 4.25 5/12/2028 062119BT8 0.000 7/14/2025 7/14/2025 5/12/2028 0.00 0.00 866.30 866.30
Bank of the Sierra CA 4.6
3/15/2027 064860MC0 0.000 9/15/2025 9/15/2025 3/15/2027 0.00 0.00 5,658.13 5,658.13
Bankers Bank WI 4.15 5/24/2028 06610RCA5 0.000 9/24/2025 9/24/2025 5/24/2028 0.00 0.00 874.12 874.12
Bankers Bank WI 4.15 5/24/2028 06610RCA5 0.000 8/25/2025 8/25/2025 5/24/2028 0.00 0.00 874.12 874.12
Bankers Bank WI 4.15 5/24/2028 06610RCA5 0.000 7/24/2025 7/24/2025 5/24/2028 0.00 0.00 845.92 845.92
BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 0.000 9/22/2025 9/22/2025 6/21/2029 0.00 0.00 947.84 947.84
BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 0.000 8/21/2025 8/21/2025 6/21/2029 0.00 0.00 947.84 947.84
BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 0.000 7/21/2025 7/21/2025 6/21/2029 0.00 0.00 917.26 917.26
Baxter Credit Union IL 4.35
8/22/2028 07181JBH6 0.000 9/22/2025 9/22/2025 8/22/2028 0.00 0.00 916.24 916.24
Baxter Credit Union IL 4.35
8/22/2028 07181JBH6 0.000 8/22/2025 8/22/2025 8/22/2028 0.00 0.00 916.24 916.24
Baxter Credit Union IL 4.358/22/2028 07181JBH6 0.000 7/22/2025 7/22/2025 8/22/2028 0.00 0.00 886.68 886.68
Beal Bank TX 1.9 2/17/2027 07371AYE7 0.000 8/25/2025 8/25/2025 2/17/2027 0.00 0.00 2,308.37 2,308.37
Beal Bank USA NV 1.9 2/17/2027 07371CE88 0.000 8/25/2025 8/25/2025 2/17/2027 0.00 0.00 2,308.37 2,308.37
Blackrock Funding Inc 4.7
3/14/2029-29 09290DAA9 0.000 9/15/2025 9/15/2025 3/14/2029 0.00 0.00 23,500.00 23,500.00
107
Description CUSIP/Ticker YTM @Cost Trade Date
SettlementDate Maturity Date
FaceAmount/Shares Principal Price Interest/Dividends Total
Blue Ridge Bank, NA VA 4.2
2/28/2028 09582YAF9 0.000 8/28/2025 8/28/2025 2/28/2028 0.00 0.00 5,081.89 5,081.89
BMO Bank | Operating MM BMO1851OP 0.000 9/30/2025 9/30/2025 N/A 0.00 0.00 21,650.97 21,650.97
BMO Bank | Operating MM BMO1851OP 0.000 8/29/2025 8/29/2025 N/A 0.00 0.00 34,035.87 34,035.87
BMO Bank | Operating MM BMO1851OP 0.000 7/31/2025 7/31/2025 N/A 0.00 0.00 48,978.06 48,978.06
BNY Mellon, NA PA 4.5 9/7/2028 05584CJJ6 0.000 9/8/2025 9/8/2025 9/7/2028 0.00 0.00 5,535.12 5,535.12
BOM Bank LA 4.1 6/24/2030 09776DAV6 0.000 9/24/2025 9/24/2025 6/24/2030 0.00 0.00 863.58 863.58
BOM Bank LA 4.1 6/24/2030 09776DAV6 0.000 8/25/2025 8/25/2025 6/24/2030 0.00 0.00 863.58 863.58
BOM Bank LA 4.1 6/24/2030 09776DAV6 0.000 7/24/2025 7/24/2025 6/24/2030 0.00 0.00 835.73 835.73
Bridgewater Bank MN 4.85
3/29/2027 108622NJ6 0.000 9/29/2025 9/29/2025 3/29/2027 0.00 0.00 1,021.56 1,021.56
Bridgewater Bank MN 4.85
3/29/2027 108622NJ6 0.000 8/29/2025 8/29/2025 3/29/2027 0.00 0.00 1,021.56 1,021.56
Bridgewater Bank MN 4.85
3/29/2027 108622NJ6 0.000 7/29/2025 7/29/2025 3/29/2027 0.00 0.00 988.60 988.60
CAMP LGIP CAMP7001 0.000 9/30/2025 9/30/2025 N/A 0.00 0.00 111,095.02 111,095.02
CAMP LGIP CAMP7001 0.000 8/29/2025 8/29/2025 N/A 0.00 0.00 115,493.15 115,493.15
CAMP LGIP CAMP7001 0.000 7/31/2025 7/31/2025 N/A 0.00 0.00 136,523.20 136,523.20
Carter Bank & Trust 4.55 7/5/2029 146102AS7 0.000 9/5/2025 9/5/2025 7/5/2029 0.00 0.00 958.37 958.37
Carter Bank & Trust 4.55 7/5/2029 146102AS7 0.000 8/5/2025 8/5/2025 7/5/2029 0.00 0.00 958.37 958.37
Carter Bank & Trust 4.55 7/5/2029 146102AS7 0.000 7/7/2025 7/7/2025 7/5/2029 0.00 0.00 927.45 927.45
Carter FCU LA 0.75 4/27/2026 14622LAA0 0.000 9/29/2025 9/29/2025 4/27/2026 0.00 0.00 157.97 157.97
Carter FCU LA 0.75 4/27/2026 14622LAA0 0.000 8/27/2025 8/27/2025 4/27/2026 0.00 0.00 157.97 157.97
Carter FCU LA 0.75 4/27/2026 14622LAA0 0.000 7/28/2025 7/28/2025 4/27/2026 0.00 0.00 152.88 152.88
Celtic Bank UT 3.65 9/26/2029 15118RR33 0.000 9/26/2025 9/26/2025 9/26/2029 0.00 0.00 768.80 768.80
Celtic Bank UT 3.65 9/26/2029 15118RR33 0.000 8/26/2025 8/26/2025 9/26/2029 0.00 0.00 768.80 768.80
Celtic Bank UT 3.65 9/26/2029 15118RR33 0.000 7/28/2025 7/28/2025 9/26/2029 0.00 0.00 744.00 744.00
Central Bank AK 4 5/12/2028 152577BN1 0.000 9/12/2025 9/12/2025 5/12/2028 0.00 0.00 842.52 842.52
Central Bank AK 4 5/12/2028 152577BN1 0.000 8/12/2025 8/12/2025 5/12/2028 0.00 0.00 842.52 842.52
Central Bank AK 4 5/12/2028 152577BN1 0.000 7/14/2025 7/14/2025 5/12/2028 0.00 0.00 815.34 815.34
Chartway FCU VA 4.9 6/9/2026 16141BAC5 0.000 9/9/2025 9/9/2025 6/9/2026 0.00 0.00 1,032.09 1,032.09
Chartway FCU VA 4.9 6/9/2026 16141BAC5 0.000 8/11/2025 8/11/2025 6/9/2026 0.00 0.00 1,032.09 1,032.09
Chartway FCU VA 4.9 6/9/2026 16141BAC5 0.000 7/9/2025 7/9/2025 6/9/2026 0.00 0.00 998.79 998.79
Comenity Capital Bank UT 2.65
4/14/2027 20033A3A2 0.000 9/15/2025 9/15/2025 4/14/2027 0.00 0.00 558.17 558.17
Comenity Capital Bank UT 2.65
4/14/2027 20033A3A2 0.000 8/14/2025 8/14/2025 4/14/2027 0.00 0.00 558.17 558.17
Comenity Capital Bank UT 2.65
4/14/2027 20033A3A2 0.000 7/14/2025 7/14/2025 4/14/2027 0.00 0.00 540.16 540.16
ConnectOne Bank NJ 0.8
9/24/2026 20786ADL6 0.000 9/24/2025 9/24/2025 9/24/2026 0.00 0.00 168.50 168.50
ConnectOne Bank NJ 0.89/24/2026 20786ADL6 0.000 8/25/2025 8/25/2025 9/24/2026 0.00 0.00 168.50 168.50108
Description CUSIP/Ticker
YTM @
Cost Trade Date
Settlement
Date Maturity Date
Face
Amount/Shares Principal Price Interest/Dividends Total
ConnectOne Bank NJ 0.8
9/24/2026 20786ADL6 0.000 7/24/2025 7/24/2025 9/24/2026 0.00 0.00 163.07 163.07
Connexus Credit Union WI 1.25
12/23/2026 20825WAR1 0.000 9/30/2025 9/30/2025 12/23/2026 0.00 0.00 255.82 255.82
Connexus Credit Union WI 1.2512/23/2026 20825WAR1 0.000 8/31/2025 8/31/2025 12/23/2026 0.00 0.00 264.35 264.35
Connexus Credit Union WI 1.25
12/23/2026 20825WAR1 0.000 7/31/2025 7/31/2025 12/23/2026 0.00 0.00 264.35 264.35
Cornerstone Comm. FCU NY 3.7
10/1/2029 21923MAB7 0.000 9/30/2025 9/30/2025 10/1/2029 0.00 0.00 779.33 779.33
Cornerstone Comm. FCU NY 3.7
10/1/2029 21923MAB7 0.000 8/31/2025 8/31/2025 10/1/2029 0.00 0.00 779.33 779.33
Cornerstone Comm. FCU NY 3.7
10/1/2029 21923MAB7 0.000 7/30/2025 7/30/2025 10/1/2029 0.00 0.00 754.19 754.19
County Schools FCU CA 4.4
9/30/2027 22258JAB7 0.000 9/30/2025 9/30/2025 9/30/2027 0.00 0.00 926.77 926.77
County Schools FCU CA 4.4
9/30/2027 22258JAB7 0.000 8/31/2025 8/31/2025 9/30/2027 0.00 0.00 926.77 926.77
County Schools FCU CA 4.4
9/30/2027 22258JAB7 0.000 7/30/2025 7/30/2025 9/30/2027 0.00 0.00 896.88 896.88
Covantage Credit Union WI 4.28/7/2028 22282XAD2 0.000 8/6/2025 8/6/2025 8/7/2028 0.00 0.00 2,614.82 2,614.82
Cy-Fair FCU TX 4.5 5/12/2028 23248UAB3 0.000 9/12/2025 9/12/2025 5/12/2028 0.00 0.00 947.84 947.84
Cy-Fair FCU TX 4.5 5/12/2028 23248UAB3 0.000 8/12/2025 8/12/2025 5/12/2028 0.00 0.00 947.84 947.84
Cy-Fair FCU TX 4.5 5/12/2028 23248UAB3 0.000 7/14/2025 7/14/2025 5/12/2028 0.00 0.00 917.26 917.26
Direct FCU MA 4.8 11/8/2027 25460FDW3 0.000 9/8/2025 9/8/2025 11/8/2027 0.00 0.00 1,011.02 1,011.02
Direct FCU MA 4.8 11/8/2027 25460FDW3 0.000 8/7/2025 8/7/2025 11/8/2027 0.00 0.00 1,011.02 1,011.02
Direct FCU MA 4.8 11/8/2027 25460FDW3 0.000 7/7/2025 7/7/2025 11/8/2027 0.00 0.00 978.41 978.41
EagleBank MD 4.05 4/16/2030 27002YHQ2 0.000 9/16/2025 9/16/2025 4/16/2030 0.00 0.00 853.05 853.05
EagleBank MD 4.05 4/16/2030 27002YHQ2 0.000 8/18/2025 8/18/2025 4/16/2030 0.00 0.00 853.05 853.05
EagleBank MD 4.05 4/16/2030 27002YHQ2 0.000 7/16/2025 7/16/2025 4/16/2030 0.00 0.00 825.53 825.53
Eaglemark Savings Bank NV 2
3/2/2027 27004PCM3 0.000 9/2/2025 9/2/2025 3/2/2027 0.00 0.00 2,470.14 2,470.14
Empower FCU NY 5.25 11/15/2028 291916AJ3 0.000 9/10/2025 9/10/2025 11/15/2028 0.00 0.00 1,101.35 1,101.35
Empower FCU NY 5.25 11/15/2028 291916AJ3 0.000 8/11/2025 8/11/2025 11/15/2028 0.00 0.00 1,101.35 1,101.35
Empower FCU NY 5.25 11/15/2028 291916AJ3 0.000 7/10/2025 7/10/2025 11/15/2028 0.00 0.00 1,065.82 1,065.82
Enterprise Bank PA 4.6 6/7/2029 29367RND4 0.000 9/8/2025 9/8/2025 6/7/2029 0.00 0.00 968.90 968.90
Enterprise Bank PA 4.6 6/7/2029 29367RND4 0.000 8/7/2025 8/7/2025 6/7/2029 0.00 0.00 968.90 968.90
Enterprise Bank PA 4.6 6/7/2029 29367RND4 0.000 7/7/2025 7/7/2025 6/7/2029 0.00 0.00 937.64 937.64
EverBank, NA f/k/a TIAA FSB 0.52/12/2026 87270LDL4 0.000 8/12/2025 8/12/2025 2/12/2026 0.00 0.00 607.47 607.47
Evergreen Bank Group IL 3.85
7/27/2026 300185LM5 0.000 9/29/2025 9/29/2025 7/27/2026 0.00 0.00 810.93 810.93
Evergreen Bank Group IL 3.85
7/27/2026 300185LM5 0.000 8/27/2025 8/27/2025 7/27/2026 0.00 0.00 810.93 810.93
109
Description CUSIP/Ticker YTM @Cost Trade Date
SettlementDate Maturity Date
FaceAmount/Shares Principal Price Interest/Dividends Total
Evergreen Bank Group IL 3.85
7/27/2026 300185LM5 0.000 7/28/2025 7/28/2025 7/27/2026 0.00 0.00 784.77 784.77
Fahey Banking Company 4.2
8/30/2027 303117DN2 0.000 9/29/2025 9/29/2025 8/30/2027 0.00 0.00 884.65 884.65
Fahey Banking Company 4.2
8/30/2027 303117DN2 0.000 8/28/2025 8/28/2025 8/30/2027 0.00 0.00 884.65 884.65
Fahey Banking Company 4.2
8/30/2027 303117DN2 0.000 7/28/2025 7/28/2025 8/30/2027 0.00 0.00 856.11 856.11
Farmers & Merchants Bank of
Colby 4.4 7/5/2029 30781JBU3 0.000 9/5/2025 9/5/2025 7/5/2029 0.00 0.00 926.77 926.77
Farmers & Merchants Bank ofColby 4.4 7/5/2029 30781JBU3 0.000 8/5/2025 8/5/2025 7/5/2029 0.00 0.00 926.77 926.77
Farmers & Merchants Bank of
Colby 4.4 7/5/2029 30781JBU3 0.000 7/7/2025 7/7/2025 7/5/2029 0.00 0.00 896.88 896.88
Farmers & Merchants Bank WI0.9
7/14/2025 307811DF3 0.000 7/14/2025 7/14/2025 7/14/2025 0.00 0.00 184.19 184.19
Farmers Insurance Group FCU 5.4
7/28/2025 30960QAR8 0.000 7/28/2025 7/28/2025 7/28/2025 0.00 0.00 1,174.09 1,174.09
FFCB 0.71 8/10/2026-23 3133EM2C5 0.000 8/11/2025 8/11/2025 8/10/2026 0.00 0.00 1,775.00 1,775.00
FFCB 0.8 9/10/2026 3133EM4X7 0.000 9/10/2025 9/10/2025 9/10/2026 0.00 0.00 4,000.00 4,000.00
FFCB 3.375 9/15/2027 3133ENL99 0.000 9/15/2025 9/15/2025 9/15/2027 0.00 0.00 16,875.00 16,875.00
FFCB 3.5 9/10/2029 3133ERSP7 0.000 9/10/2025 9/10/2025 9/10/2029 0.00 0.00 17,500.00 17,500.00
FFCB 3.75 8/15/2029 3133ERPS4 0.000 8/15/2025 8/15/2025 8/15/2029 0.00 0.00 18,750.00 18,750.00
FFCB 3.875 1/18/2029 3133EPW84 0.000 7/18/2025 7/18/2025 1/18/2029 0.00 0.00 38,750.00 38,750.00
FFCB 3.875 2/14/2028 3133EPAV7 0.000 8/14/2025 8/14/2025 2/14/2028 0.00 0.00 19,375.00 19,375.00
FFCB 4 3/18/2030 3133ER7L9 0.000 9/18/2025 9/18/2025 3/18/2030 0.00 0.00 20,000.00 20,000.00
FFCB 4 9/29/2027 3133ENQ29 0.000 9/29/2025 9/29/2025 9/29/2027 0.00 0.00 20,000.00 20,000.00
FFCB 4.125 2/13/2029 3133EP3B9 0.000 8/13/2025 8/13/2025 2/13/2029 0.00 0.00 20,625.00 20,625.00
FFCB 4.25 7/17/2028 3133EPQD0 0.000 7/17/2025 7/17/2025 7/17/2028 0.00 0.00 21,250.00 21,250.00
FFCB 4.25 8/7/2028 3133EPSK2 0.000 8/7/2025 8/7/2025 8/7/2028 0.00 0.00 21,250.00 21,250.00
FFCB 4.33 3/18/2030-27 3133ER7E5 0.000 9/18/2025 9/18/2025 3/18/2030 0.00 0.00 21,650.00 21,650.00
FHLB 0.51 1/14/2026-22 3130AKMZ6 0.000 7/14/2025 7/14/2025 1/14/2026 0.00 0.00 1,275.00 1,275.00
FHLB 0.55 1/29/2026-21 3130AKN28 0.000 7/29/2025 7/29/2025 1/29/2026 0.00 0.00 1,375.00 1,375.00
FHLB 1 9/30/2026-22 3130APBM6 0.000 9/30/2025 9/30/2025 9/30/2026 0.00 0.00 5,000.00 5,000.00
FHLB 1.5 1/27/2027-23 3130AQJR5 0.000 7/28/2025 7/28/2025 1/27/2027 0.00 0.00 7,500.00 7,500.00
FHLB 1.83 2/10/2027-23 3130AQSA2 0.000 8/11/2025 8/11/2025 2/10/2027 0.00 0.00 9,150.00 9,150.00
FHLB 4.125 9/14/2029 3130ATHX8 0.000 9/15/2025 9/15/2025 9/14/2029 0.00 0.00 20,625.00 20,625.00
FHLB 4.2 3/27/2030-28 3130B5K80 0.000 9/29/2025 9/29/2025 3/27/2030 0.00 0.00 21,000.00 21,000.00
FHLB 4.45 2/12/2029-27 3130AYXU5 0.000 8/12/2025 8/12/2025 2/12/2029 0.00 0.00 44,500.00 44,500.00
FHLB 4.5 2/18/2028-26 3130B4YH8 0.000 8/18/2025 8/18/2025 2/18/2028 0.00 0.00 22,500.00 22,500.00
FHLB 4.65 1/14/2030-28 3130B4LS8 0.000 7/14/2025 7/14/2025 1/14/2030 0.00 0.00 23,250.00 23,250.00
FHLB 4.75 9/8/2028 3130AXEL8 0.000 9/8/2025 9/8/2025 9/8/2028 0.00 0.00 23,750.00 23,750.00
FHLB 5 2/15/2029-25 3130AYYJ9 0.000 8/15/2025 8/15/2025 2/15/2029 0.00 0.00 25,000.00 25,000.00110
Description CUSIP/Ticker
YTM @
Cost Trade Date
Settlement
Date Maturity Date
Face
Amount/Shares Principal Price Interest/Dividends Total
FHLB Step 3/30/2026 3130ALV92 0.000 9/30/2025 9/30/2025 3/30/2026 0.00 0.00 2,625.00 2,625.00
FHLMC 0.375 7/21/2025 3137EAEU9 0.000 7/21/2025 7/21/2025 7/21/2025 0.00 0.00 2,812.50 2,812.50
FHLMC 0.375 9/23/2025 3137EAEX3 0.000 9/23/2025 9/23/2025 9/23/2025 0.00 0.00 2,812.50 2,812.50
FHLMC 0.7 12/30/2026-21 3134GWUQ7 0.000 9/30/2025 9/30/2025 12/30/2026 0.00 0.00 3,500.00 3,500.00
Fidelity Bank LA 0.7 4/30/2026 31617CAV5 0.000 9/30/2025 9/30/2025 4/30/2026 0.00 0.00 147.44 147.44
Fidelity Bank LA 0.7 4/30/2026 31617CAV5 0.000 8/31/2025 8/31/2025 4/30/2026 0.00 0.00 147.44 147.44
Fidelity Bank LA 0.7 4/30/2026 31617CAV5 0.000 7/30/2025 7/30/2025 4/30/2026 0.00 0.00 142.68 142.68
Fieldpoint Private B&T CT 4
9/4/2026 31657FBA4 0.000 9/4/2025 9/4/2025 9/4/2026 0.00 0.00 842.52 842.52
Fieldpoint Private B&T CT 4
9/4/2026 31657FBA4 0.000 8/4/2025 8/4/2025 9/4/2026 0.00 0.00 842.52 842.52
Fieldpoint Private B&T CT 4
9/4/2026 31657FBA4 0.000 7/7/2025 7/7/2025 9/4/2026 0.00 0.00 815.34 815.34
First Bank Elk River MN 4.4
6/30/2028 31911KAK4 0.000 9/30/2025 9/30/2025 6/30/2028 0.00 0.00 926.77 926.77
First Bank Elk River MN 4.46/30/2028 31911KAK4 0.000 8/31/2025 8/31/2025 6/30/2028 0.00 0.00 926.77 926.77
First Bank Elk River MN 4.4
6/30/2028 31911KAK4 0.000 7/30/2025 7/30/2025 6/30/2028 0.00 0.00 896.88 896.88
First Federal Savings IN 4.25
7/9/2026 32021YEV1 0.000 9/9/2025 9/9/2025 7/9/2026 0.00 0.00 895.18 895.18
First Federal Savings IN 4.25
7/9/2026 32021YEV1 0.000 8/11/2025 8/11/2025 7/9/2026 0.00 0.00 895.18 895.18
First Federal Savings IN 4.25
7/9/2026 32021YEV1 0.000 7/9/2025 7/9/2025 7/9/2026 0.00 0.00 866.30 866.30
First Nat'l Bank of America MI 3.75
10/30/2028 32110YQ24 0.000 9/30/2025 9/30/2025 10/30/2028 0.00 0.00 789.86 789.86
First Nat'l Bank of America MI 3.75
10/30/2028 32110YQ24 0.000 8/31/2025 8/31/2025 10/30/2028 0.00 0.00 789.86 789.86
First Nat'l Bank of America MI 3.75
10/30/2028 32110YQ24 0.000 7/30/2025 7/30/2025 10/30/2028 0.00 0.00 764.38 764.38
First Service CU f/k/a SPCO TX4.35 1/20/2028 78472EAB0 0.000 9/30/2025 9/30/2025 1/20/2028 0.00 0.00 890.26 890.26
First Service CU f/k/a SPCO TX
4.35 1/20/2028 78472EAB0 0.000 8/31/2025 8/31/2025 1/20/2028 0.00 0.00 919.94 919.94
First Service CU f/k/a SPCO TX
4.35 1/20/2028 78472EAB0 0.000 7/31/2025 7/31/2025 1/20/2028 0.00 0.00 919.94 919.94
FNMA 0.5 8/14/2025-23 3135G05S8 0.000 8/14/2025 8/14/2025 8/14/2025 0.00 0.00 1,250.00 1,250.00
FNMA 0.52 8/18/2025 3136G4M75 0.000 8/18/2025 8/18/2025 8/18/2025 0.00 0.00 1,300.00 1,300.00
FNMA 0.56 8/21/2025-23 3136G4N74 0.000 8/21/2025 8/21/2025 8/21/2025 0.00 0.00 2,800.00 2,800.00
FNMA 4.125 3/12/2030-26 3136GACD9 0.000 9/12/2025 9/12/2025 3/12/2030 0.00 0.00 20,625.00 20,625.00
Forbright Bank MD 4.6 11/2/2027 34520LAT0 0.000 9/2/2025 9/2/2025 11/2/2027 0.00 0.00 968.90 968.90
Forbright Bank MD 4.6 11/2/2027 34520LAT0 0.000 8/4/2025 8/4/2025 11/2/2027 0.00 0.00 968.90 968.90
Forbright Bank MD 4.6 11/2/2027 34520LAT0 0.000 7/2/2025 7/2/2025 11/2/2027 0.00 0.00 937.64 937.64
Four Points FCU 4.55 5/11/2026 35089LAF0 0.000 9/10/2025 9/10/2025 5/11/2026 0.00 0.00 958.37 958.37111
Description CUSIP/Ticker YTM @Cost Trade Date
SettlementDate Maturity Date
FaceAmount/Shares Principal Price Interest/Dividends Total
Four Points FCU 4.55 5/11/2026 35089LAF0 0.000 8/11/2025 8/11/2025 5/11/2026 0.00 0.00 958.37 958.37
Four Points FCU 4.55 5/11/2026 35089LAF0 0.000 7/10/2025 7/10/2025 5/11/2026 0.00 0.00 927.45 927.45
Global FCU f/k/a Alaska USA AK
4.6 3/8/2028 011852AE0 0.000 9/8/2025 9/8/2025 3/8/2028 0.00 0.00 968.90 968.90
Global FCU f/k/a Alaska USA AK4.6 3/8/2028 011852AE0 0.000 8/8/2025 8/8/2025 3/8/2028 0.00 0.00 968.90 968.90
Global FCU f/k/a Alaska USA AK
4.6 3/8/2028 011852AE0 0.000 7/8/2025 7/8/2025 3/8/2028 0.00 0.00 937.64 937.64
Golden State Bank CA 4.45
6/22/2027 38120MCA2 0.000 9/22/2025 9/22/2025 6/22/2027 0.00 0.00 941.08 941.08
Golden State Bank CA 4.45
6/22/2027 38120MCA2 0.000 8/22/2025 8/22/2025 6/22/2027 0.00 0.00 941.08 941.08
Golden State Bank CA 4.45
6/22/2027 38120MCA2 0.000 7/22/2025 7/22/2025 6/22/2027 0.00 0.00 910.73 910.73
Goldman Sachs Bank USA 1
7/28/2026 38149MXK4 0.000 7/28/2025 7/28/2025 7/28/2026 0.00 0.00 1,229.81 1,229.81
Greenstate Credit Union IA 0.95
4/16/2026 39573LBC1 0.000 9/2/2025 9/2/2025 4/16/2026 0.00 0.00 200.91 200.91
Greenstate Credit Union IA 0.95
4/16/2026 39573LBC1 0.000 8/1/2025 8/1/2025 4/16/2026 0.00 0.00 200.91 200.91
Healthcare Systems FCU VA 5.1
10/27/2028 42228LAN1 0.000 9/29/2025 9/29/2025 10/27/2028 0.00 0.00 1,074.21 1,074.21
Healthcare Systems FCU VA 5.1
10/27/2028 42228LAN1 0.000 8/27/2025 8/27/2025 10/27/2028 0.00 0.00 1,074.21 1,074.21
Healthcare Systems FCU VA 5.1
10/27/2028 42228LAN1 0.000 7/28/2025 7/28/2025 10/27/2028 0.00 0.00 1,039.56 1,039.56
Ideal Credit Union MN 4.5
12/29/2027 45157PAZ3 0.000 9/2/2025 9/2/2025 12/29/2027 0.00 0.00 947.84 947.84
Ideal Credit Union MN 4.5
12/29/2027 45157PAZ3 0.000 8/1/2025 8/1/2025 12/29/2027 0.00 0.00 947.84 947.84
International Finance Corp 0.52/26/2026 45950VPS9 0.000 8/26/2025 8/26/2025 2/26/2026 0.00 0.00 1,250.00 1,250.00
Jeep Country FCU OH 4.7
6/29/2027 472312AA5 0.000 9/29/2025 9/29/2025 6/29/2027 0.00 0.00 989.96 989.96
Jeep Country FCU OH 4.7
6/29/2027 472312AA5 0.000 8/29/2025 8/29/2025 6/29/2027 0.00 0.00 989.96 989.96
Jeep Country FCU OH 4.7
6/29/2027 472312AA5 0.000 7/29/2025 7/29/2025 6/29/2027 0.00 0.00 958.03 958.03
Knoxville TVA Employees Credit
Union 4.85 8/25/202 499724AP7 0.000 9/2/2025 9/2/2025 8/25/2028 0.00 0.00 1,021.56 1,021.56
Knoxville TVA Employees Credit
Union 4.85 8/25/202 499724AP7 0.000 8/1/2025 8/1/2025 8/25/2028 0.00 0.00 1,021.56 1,021.56
Lafayette FCU MD 4.1 3/28/2029 50625LCA9 0.000 9/29/2025 9/29/2025 3/28/2029 0.00 0.00 863.58 863.58
Lafayette FCU MD 4.1 3/28/2029 50625LCA9 0.000 8/28/2025 8/28/2025 3/28/2029 0.00 0.00 863.58 863.58
Lafayette FCU MD 4.1 3/28/2029 50625LCA9 0.000 7/28/2025 7/28/2025 3/28/2029 0.00 0.00 835.73 835.73
LAIF | City LGIP CITYLAIF3434 0.000 9/30/2025 9/30/2025 N/A 0.00 0.00 120,875.81 120,875.81
LAIF | City LGIP CITYLAIF3434 0.000 8/31/2025 8/31/2025 N/A 0.00 0.00 120,875.80 120,875.80112
Description CUSIP/Ticker YTM @Cost Trade Date
SettlementDate Maturity Date
FaceAmount/Shares Principal Price Interest/Dividends Total
LAIF | City LGIP CITYLAIF3434 0.000 7/31/2025 7/31/2025 N/A 0.00 0.00 120,875.80 120,875.80
LAIF | Housing LGIP HOUSINGLAIF3005 0.000 9/30/2025 9/30/2025 N/A 0.00 0.00 8,198.86 8,198.86
LAIF | Housing LGIP HOUSINGLAIF3005 0.000 8/31/2025 8/31/2025 N/A 0.00 0.00 8,198.85 8,198.85
LAIF | Housing LGIP HOUSINGLAIF3005 0.000 7/31/2025 7/31/2025 N/A 0.00 0.00 8,198.85 8,198.85
Latino Community Credit Union NC
4.5 12/21/2027 51828MAC8 0.000 9/22/2025 9/22/2025 12/21/2027 0.00 0.00 947.84 947.84
Latino Community Credit Union NC
4.5 12/21/2027 51828MAC8 0.000 8/21/2025 8/21/2025 12/21/2027 0.00 0.00 947.84 947.84
Latino Community Credit Union NC
4.5 12/21/2027 51828MAC8 0.000 7/21/2025 7/21/2025 12/21/2027 0.00 0.00 917.26 917.26
Leaders Credit Union TN 5.1
10/30/2028 52171MAM7 0.000 9/30/2025 9/30/2025 10/30/2028 0.00 0.00 1,074.21 1,074.21
Leaders Credit Union TN 5.1
10/30/2028 52171MAM7 0.000 8/31/2025 8/31/2025 10/30/2028 0.00 0.00 1,074.21 1,074.21
Leaders Credit Union TN 5.110/30/2028 52171MAM7 0.000 7/30/2025 7/30/2025 10/30/2028 0.00 0.00 1,039.56 1,039.56
Legacy Bank & Trust Co. MO 4.5
9/27/2028 52470QEC4 0.000 9/29/2025 9/29/2025 9/27/2028 0.00 0.00 947.84 947.84
Legacy Bank & Trust Co. MO 4.5
9/27/2028 52470QEC4 0.000 8/27/2025 8/27/2025 9/27/2028 0.00 0.00 947.84 947.84
Legacy Bank & Trust Co. MO 4.5
9/27/2028 52470QEC4 0.000 7/28/2025 7/28/2025 9/27/2028 0.00 0.00 917.26 917.26
Legends Bank TN 3.75 9/11/2028 52465JKL0 0.000 9/11/2025 9/11/2025 9/11/2028 0.00 0.00 789.86 789.86
Legends Bank TN 3.75 9/11/2028 52465JKL0 0.000 8/11/2025 8/11/2025 9/11/2028 0.00 0.00 789.86 789.86
Legends Bank TN 3.75 9/11/2028 52465JKL0 0.000 7/11/2025 7/11/2025 9/11/2028 0.00 0.00 764.38 764.38
Liberty First Credit Union NE 4.5
2/22/2028 530520AH8 0.000 9/2/2025 9/2/2025 2/22/2028 0.00 0.00 947.84 947.84
Liberty First Credit Union NE 4.5
2/22/2028 530520AH8 0.000 8/1/2025 8/1/2025 2/22/2028 0.00 0.00 947.84 947.84
Maine Community Bank 3.75
8/30/2027 560390DC7 0.000 9/30/2025 9/30/2025 8/30/2027 0.00 0.00 789.86 789.86
Maine Community Bank 3.75
8/30/2027 560390DC7 0.000 8/31/2025 8/31/2025 8/30/2027 0.00 0.00 789.86 789.86
Maine Community Bank 3.75
8/30/2027 560390DC7 0.000 7/30/2025 7/30/2025 8/30/2027 0.00 0.00 764.38 764.38
Maine Savings FCU 4.8 7/21/2028 560507AQ8 0.000 9/22/2025 9/22/2025 7/21/2028 0.00 0.00 1,011.02 1,011.02
Maine Savings FCU 4.8 7/21/2028 560507AQ8 0.000 8/21/2025 8/21/2025 7/21/2028 0.00 0.00 1,011.02 1,011.02
Maine Savings FCU 4.8 7/21/2028 560507AQ8 0.000 7/21/2025 7/21/2025 7/21/2028 0.00 0.00 978.41 978.41
Marathon Bank WI 1.8 3/16/2027 565819AG4 0.000 9/16/2025 9/16/2025 3/16/2027 0.00 0.00 379.13 379.13
Marathon Bank WI 1.8 3/16/2027 565819AG4 0.000 8/18/2025 8/18/2025 3/16/2027 0.00 0.00 379.13 379.13
Marathon Bank WI 1.8 3/16/2027 565819AG4 0.000 7/16/2025 7/16/2025 3/16/2027 0.00 0.00 366.90 366.90
Marine FCU NC 4 8/31/2026 56824JBC7 0.000 9/30/2025 9/30/2025 8/31/2026 0.00 0.00 842.52 842.52
Marine FCU NC 4 8/31/2026 56824JBC7 0.000 8/31/2025 8/31/2025 8/31/2026 0.00 0.00 842.52 842.52
Marine FCU NC 4 8/31/2026 56824JBC7 0.000 7/30/2025 7/30/2025 8/31/2026 0.00 0.00 815.34 815.34
113
Description CUSIP/Ticker
YTM @
Cost Trade Date
Settlement
Date Maturity Date
Face
Amount/Shares Principal Price Interest/Dividends Total
Medallion Bank UT 4.85
10/20/2028 58404DTP6 0.000 9/22/2025 9/22/2025 10/20/2028 0.00 0.00 1,021.56 1,021.56
Medallion Bank UT 4.85
10/20/2028 58404DTP6 0.000 8/20/2025 8/20/2025 10/20/2028 0.00 0.00 1,021.56 1,021.56
Medallion Bank UT 4.8510/20/2028 58404DTP6 0.000 7/21/2025 7/21/2025 10/20/2028 0.00 0.00 988.60 988.60
Merrick Bank UT 1.1 11/9/2026 59013KPN0 0.000 9/9/2025 9/9/2025 11/9/2026 0.00 0.00 232.63 232.63
Merrick Bank UT 1.1 11/9/2026 59013KPN0 0.000 8/11/2025 8/11/2025 11/9/2026 0.00 0.00 232.63 232.63
Merrick Bank UT 1.1 11/9/2026 59013KPN0 0.000 7/9/2025 7/9/2025 11/9/2026 0.00 0.00 225.12 225.12
Metro Credit Union MA 1.7
2/18/2027 59161YAP1 0.000 9/2/2025 9/2/2025 2/18/2027 0.00 0.00 359.52 359.52
Metro Credit Union MA 1.72/18/2027 59161YAP1 0.000 8/1/2025 8/1/2025 2/18/2027 0.00 0.00 359.52 359.52
Mid Carolina Credit Union SC 4.85
3/13/2026 59524LAA4 0.000 9/15/2025 9/15/2025 3/13/2026 0.00 0.00 1,021.56 1,021.56
Mid Carolina Credit Union SC 4.85
3/13/2026 59524LAA4 0.000 8/13/2025 8/13/2025 3/13/2026 0.00 0.00 1,021.56 1,021.56
Mid Carolina Credit Union SC 4.85
3/13/2026 59524LAA4 0.000 7/14/2025 7/14/2025 3/13/2026 0.00 0.00 988.60 988.60
Minnwest Bank MN 4.25 5/3/2027 60425SKB4 0.000 9/2/2025 9/2/2025 5/3/2027 0.00 0.00 895.18 895.18
Minnwest Bank MN 4.25 5/3/2027 60425SKB4 0.000 8/1/2025 8/1/2025 5/3/2027 0.00 0.00 895.18 895.18
Money One FCU MD 5 9/14/2028 60936TAL3 0.000 9/15/2025 9/15/2025 9/14/2028 0.00 0.00 1,053.15 1,053.15
Money One FCU MD 5 9/14/2028 60936TAL3 0.000 8/14/2025 8/14/2025 9/14/2028 0.00 0.00 1,053.15 1,053.15
Money One FCU MD 5 9/14/2028 60936TAL3 0.000 7/14/2025 7/14/2025 9/14/2028 0.00 0.00 1,019.18 1,019.18
Morgan Stanley Bank, NA 4.25
3/5/2030 61690DT40 0.000 9/5/2025 9/5/2025 3/5/2030 0.00 0.00 5,227.62 5,227.62
Morgan Stanley Private Bank 4.25
3/5/2030 61776NMT7 0.000 9/5/2025 9/5/2025 3/5/2030 0.00 0.00 5,227.62 5,227.62
Mountain American FCU 4.74/28/2026 62384RAT3 0.000 9/2/2025 9/2/2025 4/28/2026 0.00 0.00 989.96 989.96
Mountain American FCU 4.7
4/28/2026 62384RAT3 0.000 8/1/2025 8/1/2025 4/28/2026 0.00 0.00 989.96 989.96
MVB Bank, Inc. WV 4.05 2/1/2028 62847NEP7 0.000 9/2/2025 9/2/2025 2/1/2028 0.00 0.00 853.05 853.05
MVB Bank, Inc. WV 4.05 2/1/2028 62847NEP7 0.000 8/1/2025 8/1/2025 2/1/2028 0.00 0.00 853.05 853.05
Nelnet Bank UT 1.8 3/2/2026 64034KAZ4 0.000 9/2/2025 9/2/2025 3/2/2026 0.00 0.00 2,223.12 2,223.12
Northpointe Bank MI 4.8510/20/2028 666613MK7 0.000 9/22/2025 9/22/2025 10/20/2028 0.00 0.00 1,021.56 1,021.56
Northpointe Bank MI 4.85
10/20/2028 666613MK7 0.000 8/20/2025 8/20/2025 10/20/2028 0.00 0.00 1,021.56 1,021.56
Northpointe Bank MI 4.85
10/20/2028 666613MK7 0.000 7/21/2025 7/21/2025 10/20/2028 0.00 0.00 988.60 988.60
Numerica CU 4.15 11/26/2029 67054NBT9 0.000 9/26/2025 9/26/2025 11/26/2029 0.00 0.00 874.12 874.12
Numerica CU 4.15 11/26/2029 67054NBT9 0.000 8/26/2025 8/26/2025 11/26/2029 0.00 0.00 874.12 874.12
Numerica CU 4.15 11/26/2029 67054NBT9 0.000 7/28/2025 7/28/2025 11/26/2029 0.00 0.00 845.92 845.92
114
Description CUSIP/Ticker
YTM @
Cost Trade Date
Settlement
Date Maturity Date
Face
Amount/Shares Principal Price Interest/Dividends Total
Oregon Community Credit Union
4.85 6/7/2027 68584JAT6 0.000 9/8/2025 9/8/2025 6/7/2027 0.00 0.00 1,021.56 1,021.56
Oregon Community Credit Union
4.85 6/7/2027 68584JAT6 0.000 8/7/2025 8/7/2025 6/7/2027 0.00 0.00 1,021.56 1,021.56
Oregon Community Credit Union4.85 6/7/2027 68584JAT6 0.000 7/7/2025 7/7/2025 6/7/2027 0.00 0.00 988.60 988.60
Pacific Crest Savings Bank WA 3.9
8/16/2029 69417ADA4 0.000 9/16/2025 9/16/2025 8/16/2029 0.00 0.00 821.46 821.46
Pacific Crest Savings Bank WA 3.9
8/16/2029 69417ADA4 0.000 8/18/2025 8/18/2025 8/16/2029 0.00 0.00 821.46 821.46
Pacific Crest Savings Bank WA 3.9
8/16/2029 69417ADA4 0.000 7/16/2025 7/16/2025 8/16/2029 0.00 0.00 794.96 794.96
Parkside Financial B&T MO 3.75
9/13/2028 70147AGA6 0.000 9/15/2025 9/15/2025 9/13/2028 0.00 0.00 789.86 789.86
Parkside Financial B&T MO 3.75
9/13/2028 70147AGA6 0.000 8/13/2025 8/13/2025 9/13/2028 0.00 0.00 789.86 789.86
Parkside Financial B&T MO 3.75
9/13/2028 70147AGA6 0.000 7/14/2025 7/14/2025 9/13/2028 0.00 0.00 764.38 764.38
Partners Bank of California 4.15
8/27/2027 70212YBY7 0.000 8/27/2025 8/27/2025 8/27/2027 0.00 0.00 5,021.39 5,021.39
Pentagon FCU 0.7 9/2/2025 70962LAF9 0.000 9/2/2025 9/2/2025 9/2/2025 0.00 0.00 152.81 152.81
Pentagon FCU 0.7 9/2/2025 70962LAF9 0.000 8/1/2025 8/1/2025 9/2/2025 0.00 0.00 148.04 148.04
Peoples Exchange Bank KY 4.15
8/9/2027 71104AAS2 0.000 9/9/2025 9/9/2025 8/9/2027 0.00 0.00 874.12 874.12
Peoples Exchange Bank KY 4.15
8/9/2027 71104AAS2 0.000 8/11/2025 8/11/2025 8/9/2027 0.00 0.00 874.12 874.12
Peoples Exchange Bank KY 4.15
8/9/2027 71104AAS2 0.000 7/9/2025 7/9/2025 8/9/2027 0.00 0.00 845.92 845.92
Ponce Bank NY 3.5 9/15/2027 732329BD8 0.000 9/15/2025 9/15/2025 9/15/2027 0.00 0.00 737.21 737.21
Ponce Bank NY 3.5 9/15/2027 732329BD8 0.000 8/15/2025 8/15/2025 9/15/2027 0.00 0.00 737.21 737.21
Ponce Bank NY 3.5 9/15/2027 732329BD8 0.000 7/15/2025 7/15/2025 9/15/2027 0.00 0.00 713.42 713.42
Prevail Bank WI 4.25 1/24/2028 887171AB2 0.000 9/24/2025 9/24/2025 1/24/2028 0.00 0.00 898.79 898.79
Prevail Bank WI 4.25 1/24/2028 887171AB2 0.000 8/25/2025 8/25/2025 1/24/2028 0.00 0.00 898.79 898.79
Prevail Bank WI 4.25 1/24/2028 887171AB2 0.000 7/24/2025 7/24/2025 1/24/2028 0.00 0.00 869.79 869.79
RiverWood Bank MN 3.85
3/11/2027 76951DBZ2 0.000 9/11/2025 9/11/2025 3/11/2027 0.00 0.00 810.93 810.93
RiverWood Bank MN 3.85
3/11/2027 76951DBZ2 0.000 8/11/2025 8/11/2025 3/11/2027 0.00 0.00 810.93 810.93
RiverWood Bank MN 3.85
3/11/2027 76951DBZ2 0.000 7/11/2025 7/11/2025 3/11/2027 0.00 0.00 784.77 784.77
Rize FCU f/k/a SCE CA 4.7
6/20/2029 78413RAV9 0.000 9/22/2025 9/22/2025 6/20/2029 0.00 0.00 989.96 989.96
Rize FCU f/k/a SCE CA 4.7
6/20/2029 78413RAV9 0.000 8/20/2025 8/20/2025 6/20/2029 0.00 0.00 989.96 989.96
Rize FCU f/k/a SCE CA 4.76/20/2029 78413RAV9 0.000 7/21/2025 7/21/2025 6/20/2029 0.00 0.00 958.03 958.03
Rockland FCU MA 4.6 12/22/2026 77357DAD0 0.000 9/22/2025 9/22/2025 12/22/2026 0.00 0.00 968.90 968.90115
Description CUSIP/Ticker YTM @Cost Trade Date
SettlementDate Maturity Date
FaceAmount/Shares Principal Price Interest/Dividends Total
Rockland FCU MA 4.6 12/22/2026 77357DAD0 0.000 8/22/2025 8/22/2025 12/22/2026 0.00 0.00 968.90 968.90
Rockland FCU MA 4.6 12/22/2026 77357DAD0 0.000 7/22/2025 7/22/2025 12/22/2026 0.00 0.00 937.64 937.64
Safra Nat'l Bank NY f/k/a/ Delta
Nat'l 2 2 24773RCR4 0.000 9/9/2025 9/9/2025 2/25/2027 0.00 0.00 2,470.14 2,470.14
Sallie Mae Bank UT 1 7/28/2026 795451AF0 0.000 7/28/2025 7/28/2025 7/28/2026 0.00 0.00 1,229.81 1,229.81
San Francisco FCU CA 4.35
2/3/2028 79772FAG1 0.000 9/3/2025 9/3/2025 2/3/2028 0.00 0.00 916.24 916.24
San Francisco FCU CA 4.35
2/3/2028 79772FAG1 0.000 8/4/2025 8/4/2025 2/3/2028 0.00 0.00 916.24 916.24
San Francisco FCU CA 4.35
2/3/2028 79772FAG1 0.000 7/3/2025 7/3/2025 2/3/2028 0.00 0.00 886.68 886.68
Signature FCU VA 4.4 1/31/2028 82671DAB3 0.000 9/30/2025 9/30/2025 1/31/2028 0.00 0.00 896.88 896.88
Signature FCU VA 4.4 1/31/2028 82671DAB3 0.000 8/31/2025 8/31/2025 1/31/2028 0.00 0.00 926.77 926.77
Signature FCU VA 4.4 1/31/2028 82671DAB3 0.000 7/31/2025 7/31/2025 1/31/2028 0.00 0.00 926.77 926.77
Simmons Bank f/k/a Landmark
Comm. 0.5 1/22/2026 51507LCC6 0.000 9/22/2025 9/22/2025 1/22/2026 0.00 0.00 105.32 105.32
Simmons Bank f/k/a Landmark
Comm. 0.5 1/22/2026 51507LCC6 0.000 8/22/2025 8/22/2025 1/22/2026 0.00 0.00 105.32 105.32
Simmons Bank f/k/a LandmarkComm. 0.5 1/22/2026 51507LCC6 0.000 7/22/2025 7/22/2025 1/22/2026 0.00 0.00 101.92 101.92
SkyOne FCU CA 3.9 10/25/2028 83088XAR9 0.000 9/25/2025 9/25/2025 10/25/2028 0.00 0.00 821.46 821.46
SkyOne FCU CA 3.9 10/25/2028 83088XAR9 0.000 8/25/2025 8/25/2025 10/25/2028 0.00 0.00 821.46 821.46
SkyOne FCU CA 3.9 10/25/2028 83088XAR9 0.000 7/25/2025 7/25/2025 10/25/2028 0.00 0.00 794.96 794.96
SNB Bank, NA OK 4.1 8/14/2028 78470MBS6 0.000 9/15/2025 9/15/2025 8/14/2028 0.00 0.00 863.58 863.58
SNB Bank, NA OK 4.1 8/14/2028 78470MBS6 0.000 8/14/2025 8/14/2025 8/14/2028 0.00 0.00 863.58 863.58
SNB Bank, NA OK 4.1 8/14/2028 78470MBS6 0.000 7/14/2025 7/14/2025 8/14/2028 0.00 0.00 835.73 835.73
Sound Credit Union WA 4.15
6/2/2028 83616HAH7 0.000 9/2/2025 9/2/2025 6/2/2028 0.00 0.00 874.12 874.12
Sound Credit Union WA 4.15
6/2/2028 83616HAH7 0.000 8/4/2025 8/4/2025 6/2/2028 0.00 0.00 874.12 874.12
Sound Credit Union WA 4.15
6/2/2028 83616HAH7 0.000 7/2/2025 7/2/2025 6/2/2028 0.00 0.00 845.92 845.92
Southern Bank MO 4.2 5/17/2028 843383CS7 0.000 9/17/2025 9/17/2025 5/17/2028 0.00 0.00 884.65 884.65
Southern Bank MO 4.2 5/17/2028 843383CS7 0.000 8/18/2025 8/18/2025 5/17/2028 0.00 0.00 884.65 884.65
Southern Bank MO 4.2 5/17/2028 843383CS7 0.000 7/17/2025 7/17/2025 5/17/2028 0.00 0.00 856.11 856.11
Southern Bank of TN 4.35
7/12/2029 84229QAC5 0.000 9/12/2025 9/12/2025 7/12/2029 0.00 0.00 916.24 916.24
Southern Bank of TN 4.35
7/12/2029 84229QAC5 0.000 8/12/2025 8/12/2025 7/12/2029 0.00 0.00 916.24 916.24
Southern Bank of TN 4.357/12/2029 84229QAC5 0.000 7/14/2025 7/14/2025 7/12/2029 0.00 0.00 886.68 886.68
Southern States Bank 4.15
9/21/2026 843879GS0 0.000 9/22/2025 9/22/2025 9/21/2026 0.00 0.00 874.12 874.12
Southern States Bank 4.15
9/21/2026 843879GS0 0.000 8/21/2025 8/21/2025 9/21/2026 0.00 0.00 874.12 874.12
116
Description CUSIP/Ticker YTM @Cost Trade Date
SettlementDate Maturity Date
FaceAmount/Shares Principal Price Interest/Dividends Total
Southern States Bank 4.15
9/21/2026 843879GS0 0.000 7/21/2025 7/21/2025 9/21/2026 0.00 0.00 845.92 845.92
St. Vincent's Medical Center FCU
4.6 6/16/2027 85279AAC6 0.000 9/16/2025 9/16/2025 6/16/2027 0.00 0.00 968.90 968.90
St. Vincent's Medical Center FCU
4.6 6/16/2027 85279AAC6 0.000 8/18/2025 8/18/2025 6/16/2027 0.00 0.00 968.90 968.90
St. Vincent's Medical Center FCU
4.6 6/16/2027 85279AAC6 0.000 7/16/2025 7/16/2025 6/16/2027 0.00 0.00 937.64 937.64
Stearns Bank, NA MN 4.2 8/9/2027 857894Q51 0.000 8/8/2025 8/8/2025 8/9/2027 0.00 0.00 5,081.88 5,081.88
Sunwest Bank 3.55 9/28/2029 86804DDG0 0.000 9/30/2025 9/30/2025 9/28/2029 0.00 0.00 747.74 747.74
Sunwest Bank 3.55 9/28/2029 86804DDG0 0.000 8/31/2025 8/31/2025 9/28/2029 0.00 0.00 747.74 747.74
Sunwest Bank 3.55 9/28/2029 86804DDG0 0.000 7/30/2025 7/30/2025 9/28/2029 0.00 0.00 723.62 723.62
Synchrony Bank 0.9 9/3/2026 87165ET98 0.000 9/3/2025 9/3/2025 9/3/2026 0.00 0.00 1,111.56 1,111.56
Technology Credit Union CA 5
5/29/2026 87868YAQ6 0.000 9/2/2025 9/2/2025 5/29/2026 0.00 0.00 1,053.15 1,053.15
Technology Credit Union CA 5
5/29/2026 87868YAQ6 0.000 8/1/2025 8/1/2025 5/29/2026 0.00 0.00 1,053.15 1,053.15
Texas Exchange Bank 3.7 9/6/2029 88241TSW1 0.000 9/8/2025 9/8/2025 9/6/2029 0.00 0.00 779.33 779.33
Texas Exchange Bank 3.7 9/6/2029 88241TSW1 0.000 8/6/2025 8/6/2025 9/6/2029 0.00 0.00 779.33 779.33
Texas Exchange Bank 3.7 9/6/2029 88241TSW1 0.000 7/7/2025 7/7/2025 9/6/2029 0.00 0.00 754.19 754.19
The Genoa Banking Co. 4.6
11/28/2028 372348DJ8 0.000 9/29/2025 9/29/2025 11/28/2028 0.00 0.00 968.90 968.90
The Genoa Banking Co. 4.6
11/28/2028 372348DJ8 0.000 8/28/2025 8/28/2025 11/28/2028 0.00 0.00 968.90 968.90
The Genoa Banking Co. 4.6
11/28/2028 372348DJ8 0.000 7/28/2025 7/28/2025 11/28/2028 0.00 0.00 937.64 937.64
The Greenwood's State Bank WI
3.05 5/17/2027 397417AQ9 0.000 9/17/2025 9/17/2025 5/17/2027 0.00 0.00 642.42 642.42
The Greenwood's State Bank WI
3.05 5/17/2027 397417AQ9 0.000 8/18/2025 8/18/2025 5/17/2027 0.00 0.00 642.42 642.42
The Greenwood's State Bank WI
3.05 5/17/2027 397417AQ9 0.000 7/17/2025 7/17/2025 5/17/2027 0.00 0.00 621.70 621.70
Third Federal Savings & Loan 3.3
8/19/2027 88413QDN5 0.000 8/19/2025 8/19/2025 8/19/2027 0.00 0.00 4,009.27 4,009.27
T-Note 0.375 1/31/2026 91282CBH3 0.000 7/31/2025 7/31/2025 1/31/2026 0.00 0.00 937.50 937.50
T-Note 0.5 2/28/2026 91282CBQ3 0.000 8/31/2025 8/31/2025 2/28/2026 0.00 0.00 3,125.00 3,125.00
T-Note 0.625 7/31/2026 91282CCP4 0.000 7/31/2025 7/31/2025 7/31/2026 0.00 0.00 3,125.00 3,125.00
T-Note 0.75 3/31/2026 91282CBT7 0.000 9/30/2025 9/30/2025 3/31/2026 0.00 0.00 3,750.00 3,750.00
T-Note 0.75 8/31/2026 91282CCW9 0.000 8/31/2025 8/31/2025 8/31/2026 0.00 0.00 5,625.00 5,625.00
T-Note 1.5 1/31/2027 912828Z78 0.000 7/31/2025 7/31/2025 1/31/2027 0.00 0.00 7,500.00 7,500.00
T-Note 1.875 7/31/2026 912828Y95 0.000 7/31/2025 7/31/2025 7/31/2026 0.00 0.00 9,375.00 9,375.00
T-Note 2.25 8/15/2027 9128282R0 0.000 8/15/2025 8/15/2025 8/15/2027 0.00 0.00 11,250.00 11,250.00
T-Note 2.5 3/31/2027 91282CEF4 0.000 9/30/2025 9/30/2025 3/31/2027 0.00 0.00 12,500.00 12,500.00
T-Note 2.625 2/15/2029 9128286B1 0.000 8/15/2025 8/15/2025 2/15/2029 0.00 0.00 13,125.00 13,125.00
117
Description CUSIP/Ticker
YTM @
Cost Trade Date
Settlement
Date Maturity Date
Face
Amount/Shares Principal Price Interest/Dividends Total
T-Note 2.75 7/31/2027 91282CFB2 0.000 7/31/2025 7/31/2025 7/31/2027 0.00 0.00 27,500.00 27,500.00
T-Note 3.125 8/31/2027 91282CFH9 0.000 8/31/2025 8/31/2025 8/31/2027 0.00 0.00 7,812.50 7,812.50
T-Note 3.5 1/31/2028 91282CGH8 0.000 7/31/2025 7/31/2025 1/31/2028 0.00 0.00 35,000.00 35,000.00
T-Note 3.5 1/31/2030 91282CGJ4 0.000 7/31/2025 7/31/2025 1/31/2030 0.00 0.00 17,500.00 17,500.00
T-Note 3.5 9/30/2029 91282CLN9 0.000 9/30/2025 9/30/2025 9/30/2029 0.00 0.00 17,500.00 17,500.00
T-Note 3.625 3/31/2028 91282CGT2 0.000 9/30/2025 9/30/2025 3/31/2028 0.00 0.00 54,375.00 54,375.00
T-Note 3.625 8/31/2029 91282CLK5 0.000 8/31/2025 8/31/2025 8/31/2029 0.00 0.00 36,250.00 36,250.00
T-Note 3.875 9/30/2029 91282CFL0 0.000 9/30/2025 9/30/2025 9/30/2029 0.00 0.00 19,375.00 19,375.00
T-Note 4 1/15/2027 91282CJT9 0.000 7/15/2025 7/15/2025 1/15/2027 0.00 0.00 20,000.00 20,000.00
T-Note 4 2/28/2030 91282CGQ8 0.000 8/31/2025 8/31/2025 2/28/2030 0.00 0.00 40,000.00 40,000.00
T-Note 4 3/31/2030 91282CMU2 0.000 9/30/2025 9/30/2025 3/31/2030 0.00 0.00 20,000.00 20,000.00
T-Note 4 7/31/2029 91282CLC3 0.000 7/31/2025 7/31/2025 7/31/2029 0.00 0.00 20,000.00 20,000.00
T-Note 4 7/31/2030 91282CHR5 0.000 7/31/2025 7/31/2025 7/31/2030 0.00 0.00 20,000.00 20,000.00
T-Note 4.125 3/31/2029 91282CKG5 0.000 9/30/2025 9/30/2025 3/31/2029 0.00 0.00 20,625.00 20,625.00
T-Note 4.125 9/30/2027 91282CFM8 0.000 9/30/2025 9/30/2025 9/30/2027 0.00 0.00 20,625.00 20,625.00
T-Note 4.25 1/31/2026 91282CJV4 0.000 7/31/2025 7/31/2025 1/31/2026 0.00 0.00 21,250.00 21,250.00
T-Note 4.25 1/31/2030 91282CMG3 0.000 7/31/2025 7/31/2025 1/31/2030 0.00 0.00 21,250.00 21,250.00
True Sky FCU 1.6 2/4/2027 89786MAF1 0.000 8/4/2025 8/4/2025 2/4/2027 0.00 0.00 1,943.89 1,943.89
Truliant FCU NC 4.7 9/10/2027 89789AAG2 0.000 9/10/2025 9/10/2025 9/10/2027 0.00 0.00 989.96 989.96
Truliant FCU NC 4.7 9/10/2027 89789AAG2 0.000 8/11/2025 8/11/2025 9/10/2027 0.00 0.00 989.96 989.96
Truliant FCU NC 4.7 9/10/2027 89789AAG2 0.000 7/10/2025 7/10/2025 9/10/2027 0.00 0.00 958.03 958.03
Tuscon FCU AZ 5 9/8/2028 898812AC6 0.000 9/8/2025 9/8/2025 9/8/2028 0.00 0.00 1,053.15 1,053.15
Tuscon FCU AZ 5 9/8/2028 898812AC6 0.000 8/8/2025 8/8/2025 9/8/2028 0.00 0.00 1,053.15 1,053.15
Tuscon FCU AZ 5 9/8/2028 898812AC6 0.000 7/8/2025 7/8/2025 9/8/2028 0.00 0.00 1,019.18 1,019.18
UBS Bank USA UT 4.9 10/25/2028 90355GHG4 0.000 9/25/2025 9/25/2025 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 8/25/2025 8/25/2025 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 7/25/2025 7/25/2025 10/25/2028 0.00 0.00 998.79 998.79
United Fidelity Bank, fsb IN 4.5
6/29/2028 910286GN7 0.000 9/29/2025 9/29/2025 6/29/2028 0.00 0.00 947.84 947.84
United Fidelity Bank, fsb IN 4.5
6/29/2028 910286GN7 0.000 8/29/2025 8/29/2025 6/29/2028 0.00 0.00 947.84 947.84
United Fidelity Bank, fsb IN 4.5
6/29/2028 910286GN7 0.000 7/29/2025 7/29/2025 6/29/2028 0.00 0.00 917.26 917.26
United Roosevelt Savings Bank NJ
1.9 3/11/2027 91139LAB2 0.000 9/11/2025 9/11/2025 3/11/2027 0.00 0.00 400.20 400.20
United Roosevelt Savings Bank NJ1.9 3/11/2027 91139LAB2 0.000 8/11/2025 8/11/2025 3/11/2027 0.00 0.00 400.20 400.20
United Roosevelt Savings Bank NJ
1.9 3/11/2027 91139LAB2 0.000 7/11/2025 7/11/2025 3/11/2027 0.00 0.00 387.29 387.29
United Teletech FCU NJ 5.1
11/8/2027 913065AD0 0.000 9/8/2025 9/8/2025 11/8/2027 0.00 0.00 1,074.21 1,074.21
118
Description CUSIP/Ticker
YTM @
Cost Trade Date
Settlement
Date Maturity Date
Face
Amount/Shares Principal Price Interest/Dividends Total
United Teletech FCU NJ 5.1
11/8/2027 913065AD0 0.000 8/8/2025 8/8/2025 11/8/2027 0.00 0.00 1,074.21 1,074.21
United Teletech FCU NJ 5.1
11/8/2027 913065AD0 0.000 7/8/2025 7/8/2025 11/8/2027 0.00 0.00 1,039.56 1,039.56
University Bank MI 4.2 11/30/2027 914098DJ4 0.000 9/30/2025 9/30/2025 11/30/2027 0.00 0.00 888.21 888.21
University Bank MI 4.2 11/30/2027 914098DJ4 0.000 8/31/2025 8/31/2025 11/30/2027 0.00 0.00 888.21 888.21
University Bank MI 4.2 11/30/2027 914098DJ4 0.000 7/30/2025 7/30/2025 11/30/2027 0.00 0.00 859.56 859.56
University Credit Union Los
Angeles 4 9/26/2025 914242AA0 0.000 9/26/2025 9/26/2025 9/26/2025 0.00 0.00 842.52 842.52
University Credit Union Los
Angeles 4 9/26/2025 914242AA0 0.000 8/26/2025 8/26/2025 9/26/2025 0.00 0.00 842.52 842.52
University Credit Union LosAngeles 4 9/26/2025 914242AA0 0.000 7/28/2025 7/28/2025 9/26/2025 0.00 0.00 815.34 815.34
Univest Bank & Trust Co. PA 4.35
5/12/2028 91527PBY2 0.000 9/12/2025 9/12/2025 5/12/2028 0.00 0.00 916.24 916.24
Univest Bank & Trust Co. PA 4.35
5/12/2028 91527PBY2 0.000 8/12/2025 8/12/2025 5/12/2028 0.00 0.00 916.24 916.24
Univest Bank & Trust Co. PA 4.35
5/12/2028 91527PBY2 0.000 7/14/2025 7/14/2025 5/12/2028 0.00 0.00 886.68 886.68
US Bank | Custodian MM USB3000 0.000 9/1/2025 9/1/2025 N/A 0.00 0.00 11,858.87 11,858.87
US Bank | Custodian MM USB3000 0.000 8/1/2025 8/1/2025 N/A 0.00 0.00 6,659.41 6,659.41
US Bank | Fiscal Agent MM USB4000-6000 0.000 9/30/2025 9/30/2025 N/A 0.00 0.00 10,981.51 10,981.51
US Bank | Fiscal Agent MM USB4000-6000 0.000 8/31/2025 8/31/2025 N/A 0.00 0.00 74.53 74.53
US Bank | Fiscal Agent MM USB4000-6000 0.000 7/31/2025 7/31/2025 N/A 0.00 0.00 71.83 71.83
USAlliance Financial FCU NY 4.55
5/26/2028 90352RDB8 0.000 9/26/2025 9/26/2025 5/26/2028 0.00 0.00 958.37 958.37
USAlliance Financial FCU NY 4.55
5/26/2028 90352RDB8 0.000 8/26/2025 8/26/2025 5/26/2028 0.00 0.00 958.37 958.37
USAlliance Financial FCU NY 4.555/26/2028 90352RDB8 0.000 7/28/2025 7/28/2025 5/26/2028 0.00 0.00 927.45 927.45
Utah First FCU 5 7/21/2028 91739JAB1 0.000 9/22/2025 9/22/2025 7/21/2028 0.00 0.00 1,040.41 1,040.41
Utah First FCU 5 7/21/2028 91739JAB1 0.000 8/21/2025 8/21/2025 7/21/2028 0.00 0.00 1,040.41 1,040.41
Utah First FCU 5 7/21/2028 91739JAB1 0.000 7/21/2025 7/21/2025 7/21/2028 0.00 0.00 1,006.85 1,006.85
Valleystar Credit Union VA 5.2
11/8/2028 92023CAJ2 0.000 9/8/2025 9/8/2025 11/8/2028 0.00 0.00 1,090.86 1,090.86
Valleystar Credit Union VA 5.211/8/2028 92023CAJ2 0.000 8/8/2025 8/8/2025 11/8/2028 0.00 0.00 1,090.86 1,090.86
Valleystar Credit Union VA 5.2
11/8/2028 92023CAJ2 0.000 7/8/2025 7/8/2025 11/8/2028 0.00 0.00 1,055.67 1,055.67
Vibrant Credit Union IL 0.8
6/30/2026 92559TAJ7 0.000 9/2/2025 9/2/2025 6/30/2026 0.00 0.00 169.18 169.18
Vibrant Credit Union IL 0.8
6/30/2026 92559TAJ7 0.000 8/1/2025 8/1/2025 6/30/2026 0.00 0.00 169.18 169.18
VisionBank MN 4.05 5/12/2028 92834ABT2 0.000 9/12/2025 9/12/2025 5/12/2028 0.00 0.00 853.05 853.05
VisionBank MN 4.05 5/12/2028 92834ABT2 0.000 8/12/2025 8/12/2025 5/12/2028 0.00 0.00 853.05 853.05
119
Description CUSIP/Ticker YTM @Cost Trade Date
SettlementDate Maturity Date
FaceAmount/Shares Principal Price Interest/Dividends Total
VisionBank MN 4.05 5/12/2028 92834ABT2 0.000 7/14/2025 7/14/2025 5/12/2028 0.00 0.00 825.53 825.53
VyStar Credit Union FL 4.55
3/10/2028 92891CCZ3 0.000 9/2/2025 9/2/2025 3/10/2028 0.00 0.00 958.37 958.37
VyStar Credit Union FL 4.55
3/10/2028 92891CCZ3 0.000 8/1/2025 8/1/2025 3/10/2028 0.00 0.00 958.37 958.37
Workers FCU MA 5.2 10/30/2028 98138MCA6 0.000 9/30/2025 9/30/2025 10/30/2028 0.00 0.00 1,095.28 1,095.28
Workers FCU MA 5.2 10/30/2028 98138MCA6 0.000 8/31/2025 8/31/2025 10/30/2028 0.00 0.00 1,095.28 1,095.28
Workers FCU MA 5.2 10/30/2028 98138MCA6 0.000 7/30/2025 7/30/2025 10/30/2028 0.00 0.00 1,059.95 1,059.95
Sub Total / Average Interest 0.00 0.00 2,216,298.64 2,216,298.64
Matured
Farmers & Merchants Bank WI0.97/14/2025 307811DF3 0.000 7/14/2025 7/14/2025 7/14/2025 249,000.00 249,000.00 0 0.00 249,000.00
Farmers Insurance Group FCU 5.4
7/28/2025 30960QAR8 0.000 7/28/2025 7/28/2025 7/28/2025 248,000.00 248,000.00 0 0.00 248,000.00
FHLMC 0.375 7/21/2025 3137EAEU9 0.000 7/21/2025 7/21/2025 7/21/2025 500,000.00 500,000.00 0 0.00 500,000.00
FHLMC 0.375 7/21/2025 3137EAEU9 0.000 7/21/2025 7/21/2025 7/21/2025 1,000,000.00 1,000,000.00 0 0.00 1,000,000.00
FHLMC 0.375 9/23/2025 3137EAEX3 0.000 9/23/2025 9/23/2025 9/23/2025 500,000.00 500,000.00 0 0.00 500,000.00
FHLMC 0.375 9/23/2025 3137EAEX3 0.000 9/23/2025 9/23/2025 9/23/2025 1,000,000.00 1,000,000.00 0 0.00 1,000,000.00
FNMA 0.5 8/14/2025-23 3135G05S8 0.000 8/14/2025 8/14/2025 8/14/2025 500,000.00 500,000.00 0 0.00 500,000.00
FNMA 0.52 8/18/2025 3136G4M75 0.000 8/18/2025 8/18/2025 8/18/2025 500,000.00 500,000.00 0 0.00 500,000.00
FNMA 0.56 8/21/2025-23 3136G4N74 0.000 8/21/2025 8/21/2025 8/21/2025 1,000,000.00 1,000,000.00 0 0.00 1,000,000.00
Pentagon FCU 0.7 9/2/2025 70962LAF9 0.000 9/2/2025 9/2/2025 9/2/2025 249,000.00 249,000.00 0 0.00 249,000.00
University Credit Union Los
Angeles 4 9/26/2025 914242AA0 0.000 9/26/2025 9/26/2025 9/26/2025 248,000.00 248,000.00 0 0.00 248,000.00
Sub Total / Average Matured 5,994,000.00 5,994,000.00 0.00 5,994,000.00
120
Month Market Value Book Value Unrealized Gain/Loss YTM @ Cost YTM @ Market Duration Days To Maturity
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
4/30/2025 277,380,575.68 277,339,792.50 40,783.18 3.77 4.10 1.49 582
5/31/2025 280,060,147.77 280,757,904.57 -697,756.80 3.76 4.18 1.49 581
6/30/2025 301,461,949.02 301,406,768.70 55,180.32 3.76 4.05 1.41 550
7/31/2025 297,656,954.55 298,028,212.29 -371,257.74 3.67 4.02 1.55 603
8/31/2025 297,144,340.91 296,433,670.29 710,670.62 3.71 3.89 1.50 584
9/30/2025 281,497,979.77 280,674,483.92 823,495.85 3.70 3.84 1.62 630
Total / Average 276,361,497.40 277,107,159.32 -745,661.92 3.71 4.13 1.52 592
Market Value / Book Value Comparison
Begin Date: 10/31/2024, End Date: 9/30/2025All Portfolios
Portfolio Summary by Month
City of La Quinta | CA
121
Month
Beginning BV +
Accrued Interest
Interest Earned
During Period-BV
Realized
Gain/Loss-BV
Investment
Income-BV
Average Capital
Base-BV TRR-BV
Annualized
TRR-BV
Treasury 1
Year
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
4/30/2025 278,616,822.36 845,212.70 1,014.04 846,226.74 279,414,568.58 0.30 3.70 3.95
5/31/2025 279,516,839.23 876,727.11 5,680.00 882,407.11 280,086,218.94 0.32 3.85 4.08
6/30/2025 283,148,352.10 910,946.04 0.00 910,946.04 288,553,883.87 0.32 3.85 4.06
7/31/2025 302,419,111.27 909,923.72 0.00 909,923.72 300,361,848.07 0.30 3.70 4.08
8/31/2025 299,222,679.15 893,348.81 0.00 893,348.81 294,909,330.40 0.30 3.70 3.89
9/30/2025 297,778,740.48 877,414.56 0.00 877,414.56 282,986,111.90 0.31 3.78 3.66
Total/Average 257,499,849.86 10,164,758.17 7,846.58 10,172,604.75 273,966,485.75 3.71 3.71 4.08
Begin Date: 10/31/2024, End Date: 9/30/2025All Portfolios
Total Rate of Return - Book Value by Month
City of La Quinta | CA
122
Asset Category Allocation
Asset Category Market Value
6/30/2025
% of Portfolio
6/30/2025
Market Value
9/30/2025
% of Portfolio
9/30/2025
Certificate of Deposits | 30 %36,920,592.78 12.25 36,676,584.86 13.03
Checking | Savings | Sweep Accounts 1,542,859.95 0.51 1,597,733.83 0.57
Corporate Notes | 30 %2,505,100.00 0.83 2,515,145.00 0.89
Investment Pools 106,808,567.34 35.43 88,435,287.89 31.42
Money Market Mutual Funds | 20 %16,962,463.23 5.63 8,653,273.65 3.07
Trusts Not Subject to Policy 8,390,123.72 2.78 8,710,768.04 3.09
US Agency | 100 %64,693,952.00 21.46 64,036,814.00 22.75
US Treasury | 100 %63,638,290.00 21.11 70,872,372.50 25.18
Total / Average 301,461,949.02 100.00 281,497,979.77 100.00
Portfolio Holdings as of 6/30/2025 Portfolio Holdings as of 9/30/2025
Begin Date: 6/30/2025, End Date: 9/30/2025All Portfolios
Distribution by Asset Category - Market Value
City of La Quinta | CA
123
Maturity Range Allocation
Maturity Range Market Value
6/30/2025
% of Portfolio
6/30/2025
Market Value
9/30/2025
% of Portfolio
9/30/2025
0-1 Month 135,697,604.01 45.01 78,295,748.41 27.81
1-3 Months 3,971,283.19 1.32 5,464,291.86 1.94
3-6 Months 6,309,154.92 2.09 6,423,661.40 2.28
6-9 Months 6,374,270.10 2.11 38,631,681.42 13.72
9-12 Months 8,817,737.90 2.92 8,303,446.82 2.95
1-2 Years 30,698,606.98 10.18 32,026,270.18 11.38
2-3 Years 36,641,234.32 12.15 37,718,331.04 13.40
3-4 Years 30,624,898.43 10.16 34,429,294.86 12.23
4-5 Years 42,327,159.17 14.04 40,205,253.78 14.28
Total / Average 301,461,949.02 100.00 281,497,979.77 100.00
Portfolio Holdings
Begin Date: 6/30/2025, End Date: 9/30/2025All Portfolios
Distribution by Maturity Range - Market Value
City of La Quinta | CA
124
Portfolio Name Allocation
Portfolio Name Market Value
6/30/2025
% of Portfolio
6/30/2025
Market Value
9/30/2025
% of Portfolio
9/30/2025
CAMP 64,742,745.28 21.48 61,105,856.65 21.71
CERBT OPEB Trust 2,217,819.48 0.74 2,326,100.47 0.83
Fiscal Agent - Debt Service 23,250.11 0.01 34,377.98 0.01
Fixed Income Investments 167,757,934.78 55.65 174,100,916.36 61.85
Housing Authority - LQPR 236,374.41 0.08 220,133.08 0.08
Housing Authority - DPME 1,303,185.54 0.43 1,374,300.75 0.49
Housing Authority - LAIF 2,229,911.10 0.74 2,255,988.66 0.80
LAIF 39,835,910.96 13.21 25,073,442.58 8.91
Money Market at Custodian 1,943,691.19 0.64 1,794,454.51 0.64
Operating Funds 14,998,821.93 4.98 6,827,741.16 2.43
PARS Pension Trust 6,172,304.24 2.05 6,384,667.57 2.27
Total / Average 301,461,949.02 100.00 281,497,979.77 100.00
Portfolio Holdings as of 6/30/2025 Portfolio Holdings as of 9/30/2025
Begin Date: 6/30/2025, End Date: 9/30/2025All Portfolios
Distribution by Portfolio Name - Market Value
City of La Quinta | CA
125
Economic Indicator
Date Treasury 1 Year Treasury 5 Year Spread
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
4/30/2025 3.95 3.91 -0.04
5/31/2025 4.08 4.03 -0.05
6/30/2025 4.06 3.96 -0.10
7/31/2025 4.08 3.95 -0.13
8/31/2025 3.89 3.79 -0.10
9/30/2025 3.66 3.66 0.00
Economic Indicator
Begin Date: 10/31/2024, End Date: 9/30/2025Treasury 1 Year vs. Treasury 5 Year
Economic Indicator
City of La Quinta | CA
126
Economic Indicator
Date CPI Unemployment Rate Spread
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
4/30/2025 2.80 4.20 1.40
5/31/2025 2.80 4.20 1.40
6/30/2025 2.90 4.10 1.20
7/31/2025 3.10 4.20 1.10
8/31/2025 3.10 4.30 1.20
Economic Indicator
Begin Date: 9/30/2024, End Date: 8/31/2025CPI vs. Unemployment Rate
Economic Indicator
City of La Quinta | CA
127
US Treasury Rates
https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2025
128
City of La Quinta
CITY COUNCIL MEETING: December 2, 2025
STAFF REPORT
AGENDA TITLE: APPROVE CANCELLATION OF REGULAR CITY COUNCIL
MEETING OF JANUARY 6, 2026
RECOMMENDATION
Approve cancellation of the regular City Council meeting of January 6, 2026.
EXECUTIVE SUMMARY
The City Manager and Executive Team have reviewed pending items and
determined that there is no need to hold the January 6, 2026, City Council meeting.
Advance notice of cancelled meetings allows the Council, staff, and the public to
properly plan for deadlines and workflow.
FISCAL IMPACT
There would be cost savings consisting of the time and materials associated with
production and delivery of one agenda packet.
BACKGROUND/ANALYSIS
The City Manager and Executive Team have reviewed the items requiring Council
consideration, and all matters that require Council review have been scheduled for the
two Council meetings in December 2025 and the second Council meeting in January
2026. Thus, there is no need to hold a Council meeting on January 6, 2026.
The recommended December 2025 / January 2026 meeting schedule is:
December 16 regular meeting
January 6 CANCELLED
January 20 regular meeting
Should a pressing situation or matter require Council direction or action before the next
regular meeting, a special meeting will be called.
ALTERNATIVES
Council may select an alternate date to cancel a meeting or cancel no meetings.
Prepared by: Olivia Rodriguez, Deputy City Clerk
Approved by: Monika Radeva, City Clerk
BUSINESS SESSION ITEM NO. 1
129
130
City of La Quinta
CITY COUNCIL MEETING: December 2, 2025
STAFF REPORT
AGENDA TITLE: INTRODUCE AN ORDINANCE AT FIRST READING TO AMEND
TITLE 8 OF THE LA QUINTA MUNICIPAL CODE AND ADOPT THE 2025 CALIFORNIA
BUILDING STANDARDS CODE WITH LOCAL AMENDMENTS
RECOMMENDATION
Move to take up Ordinance No. ___ by title and number only and waive further
reading.
Move to introduce at first reading, Ordinance No. ___, revising Municipal Code
Title 8 relating to the adoption of the 2025 California Building Standards Code with
local amendments.
EXECUTIVE SUMMARY
The California Building Standards Commission (CBSC) recently adopted the 2025
California Building Standards Code (Attachment 1).
Coinciding with the Commission’s Triennial Adoption Schedule, staff has
recommended local amendments to be implemented into these building codes,
regarding various fire and electrical related items.
This Ordinance would adopt the updated code with recommended local
amendments.
FISCAL IMPACT – None.
BACKGROUND/ANALYSIS
The CBSC is responsible for overseeing the adoption, approval and publication of the
California Building Standards Code, Title 24 of the California Code of Regulations. Title
24 is published by CBSC and contains building standards divided into 13 “parts” that apply
to all building occupancies throughout the state. Title 24 is published in its entirety every
three years and applies automatically on January 1st of the coinciding triennial code
adoption cycle.
New to the building standards is the California Wildland-Urban Interface Code, which
integrates wild-fire related construction standards to reduce risk to life and structures.
BUSINESS SESSION ITEM NO. 2
131
The regulations include requirements for building materials, construction, fire resistant
landscaping, water supply, and emergency vehicle access.
Local governments may adopt more restrictive requirements as reasonably necessary
because of local climatic, geological, or topographical conditions. The City of La Quinta
Building Official and the Riverside County Fire Marshal have recommended changes and
modifications be made to the 2025 California Building Standards Code and have advised
that certain of said changes are reasonably necessary due to local conditions. A summary
of the recommended amendments is attached (Attachment 2).
If approved, this Ordinance will adopt the State-Mandated Code with the City’s local
amendments encompassing, but not limited to, the following:
• Reduction in size of non-sprinklered buildings and requiring sprinkler retrofitting in
building additions;
• Requirement for increased fire classification of roofing assemblies;
• Limitation in the use of aluminum wiring in electrical installations;
• Permitting only underground electrical service installations in New Construction;
• Make Home Hardening and Defensible Space also applicable in the “Moderate”
Fire Hazard Severity Zone.
ALTERNATIVES
If no action is taken, the 2025 California Building Standards Code will take effect on
January 1, 2026, without the local amendments as recommended by the City Building
Official and the Riverside County Fire Marshal. Therefore, staff do not recommend an
alternative.
Prepared by: AJ Ortega, Building Official
Approved by: Cheri Flores, Interim Design and Development Director
Attachments: 1. Summary of 2025 CBSC updates
2. Summary of proposed local amendments
132
ORDINANCE NO. _____
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY
OF LA QUINTA, CALIFORNIA, AMENDING TITLE 8 OF
THE LA QUINTA MUNICIPAL CODE BY ADOPTING BY
REFERENCE THE 2025 CALIFORNIA BUILDING
STANDARDS CODE AND CERTAIN SPECIFIED
APPENDICES THEREOF AND MAKING FINDINGS OF
LOCAL CONDITIONS WITHIN THE CITY OF LA QUINTA
WHICH MAKE CERTAIN AMENDMENTS TO THE
CALIFORNIA BUILDINGS STANDARDS CODE
REASONABLY NECESSARY
WHEREAS, California Health & Safety Code Section 17958 and 18941.5
mandates that the City of La Quinta adopt ordinances or regulations imposing the
requirements of certain uniform industry codes adopted by the State pursuant to Health
& Safety Code Section 17922; and
WHEREAS, the State of California has adopted the 2025 editions of the
California Administrative Code, California Building Code, the California Residential
Code, the California Electrical Code, the California Mechanical Code, the California
Plumbing Code, the California Energy Code, the California Wildland-Urban Interface
Code, the California Historical Building Code, the California Fire Code, the California
Existing Building Code, the California Green Building Standards Code, and the
California Referenced Standards Code, known collectively as the California Building
Standards Code, and comprising Title 24 of the California Code of Regulations; and
WHEREAS, the California Building Standards Code establishes minimum
standards to regulate the construction of buildings throughout the State; and
WHEREAS, California Health & Safety Code Section 17958.5 permits the City of
La Quinta to make such changes and modifications to the California Building Standards
Code as are reasonably necessary because of local conditions; and
WHEREAS, the Building Official, the Design and Development Director, and the
Riverside County Fire Marshal have recommended that changes and modifications be
made to the California Building Standards Code and have advised that certain of said
changes are reasonably necessary due to local conditions in the City of La Quinta and
have further advised that the remainder of said changes and modifications are of an
administrative or procedural nature, or concern themselves with subjects not covered by
the California Building Standards Code or are reasonably necessary to safeguard life
and property within the City of La Quinta.
WHEREAS, the changes or modifications are substantially equivalent to changes
or modifications that were previously filed by the governing body of the City and were in
effect as of September 30, 2025, and otherwise relate to home hardening as regulated
by the California Wildland-Urban Interface Code, which are specific exemptions within
Assembly Bill 130 (AB 130, Chapter 22, Statutes of 2025).
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WHEREAS, this ordinance aligns with the adopted greenhouse gas reduction
strategy and general plan approved on or before June 10, 2025, and incentivizes all-
electric construction and complies with federal law in permitting mixed-fuel residential
construction.
NOW, THEREFORE, the City Council of the City of La Quinta finds and
determines, pursuant to the requirements of Health & Safety Code Section 17958.7 and
18941.5, that there is a need to adopt the changes or modifications to the California
Building Standards Code because of local climatic, topographical, and geological
conditions, and does ordain as follows:
SECTION 1. Changes and modifications to the California Building Standards Code
adopted by the City of La Quinta, as recommended by the Building Official, the Design
and Development Director, and the Riverside County Fire Marshal are hereby found to
be reasonably necessary due to the following general findings of local conditions:
I. Climatic Conditions:
A. La Quinta has an arid desert climate with rainfall averaging just over three
inches annually, reducing the moisture content of combustible materials.
Frequent periods of drought and low humidity contribute to the probability of a
year-round fire season.
B. For nearly four months each year, average daily high temperatures in La
Quinta reach 100 degrees or higher, reducing the amount of added heat
required to bring combustible materials to their ignition point.
C. La Quinta is subject to hot, dry winds that further dry combustible materials,
adding to the intensity of fires and their potential to spread rapidly. During the
summer months the dry winds and existing vegetation mix to create a
hazardous fuel condition which has resulted in large loss in vegetation and
structure fires. Severe “Santa Ana” winds frequently occur and can move a
fire quickly throughout areas of the City. Multiple shifting wind patterns
throughout the canyon areas add to the difficulty in suppressing fires.
D. High winds cause failures of electrical supply and telephone communication,
reducing the reliability of water supply pumps and timely emergency
notification.
E. Because of weather patterns, water is a scarce commodity in desert
environments, and La Quinta and its neighboring areas draw more water from
the underground aquifer than is replenished naturally. As a result, the area is
dependent upon imported water to reduce the effects of overdrafting from the
aquifer. Limited storage capacities, high consumption, and droughts reduce
the dependability of future water allocations. Scarcity of water necessitates
reducing the need for large volumes of water for firefighting efforts by early
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suppression through the installation of fire sprinklers in buildings that would
otherwise be exempt from sprinkler requirements.
F. Under desert conditions, aluminum wiring is more likely than copper to fail
mechanically. Aluminum is more reactive than copper to ambient
temperature changes as well as normal heating produced from the flow of
electricity. It expands and contracts when subjected to heating and cooling,
respectively, more so than does copper. Compared to copper, its lower
electrical conductivity generates more heat. Aluminum is also more brittle
than copper and is more likely to break or crimp. Arcing can occur if a wire
breaks or crimps, causing very high temperatures inside concealed building
spaces. Aluminum is more likely to corrode (i.e., oxidize) than copper. When
excessive corrosion occurs, it increases the resistance in the circuit and
causes overheating. All of these mechanisms of failure increase the risks of
fire associated with the use of aluminum wire.
G. The Coachella Valley’s desert climate, marked by extreme heat, low humidity,
and contrastingly cold winters with frequent frost warnings, places
considerable strain on the region’s power infrastructure. Delays in expanding
electrical capacity have not only hindered the area’s ability to accommodate
ongoing residential growth but have also challenged the utility’s capacity to
meet the increasing energy demands of existing customers. Cold weather
further complicates this issue by reducing the efficiency of heat pumps, which
rely on extracting ambient heat from the outdoor air. As temperatures drop,
less heat is available for transfer, forcing the system to work harder to
maintain temperatures, resulting in higher energy consumption and reduced
performance. These combined challenges, limited infrastructure and the
seasonal inefficiency of electric-only systems, support the case for allowing
mixed-fuel residential construction as a more resilient and adaptable solution.
II. Topographical Conditions:
A. La Quinta is separated from Los Angeles to the west and Phoenix to the east
by mountainous terrain, isolating it from media broadcasts of news and
emergency information originating from major metropolitan areas.
B. Much of La Quinta, particularly the southern portion, is situated in alluvial
fans, surrounded by mountains, isolating it from media broadcasts of news
and emergency information originating from within the Coachella Valley.
C. Major roadways, highways, and flood control channels create barriers that
increase Fire Department response times. Undulating terrain incorporated
into large country clubs also increases these response times.
D. Streets designed for limited residential traffic and streets designed as storm
drains impede emergency vehicle access and evacuation routes.
III. Geological Conditions:
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A. La Quinta is situated near several significant sources capable of producing
moderate to large earthquakes, including the San Andreas, Garnet Hill,
Banning, Eureka Peak, Burnt Mountain, Pinto Mountain, San Gorgonio Pass,
and San Jacinto Faults.
B. Faults near La Quinta are capable of producing earthquakes of Magnitude 7.8
or greater, accompanied by intense shaking, liquefaction, and permanent
ground displacement, increasing the risk of property damage, or personal
injury or death, caused by the failure of structures, necessitating the
permitting and inspection of structures that would otherwise be exempt from
permit requirements.
C. Seismic activity within the area occurs yearly. As a result, existing structures
and planned new development are subject to serious risks, including fire and
collapse, disruption of the water supply for firefighting purposes, and isolation
from emergency response as a result of bridge, overpass, and road damage
and debris.
D. Severe ground shaking during a seismic event increases the probability that
above-ground structures will fail. The inherent danger to the public is
increased when power lines are installed above ground because of the
danger from falling or fallen power poles and the possibility of contacting live
power lines.
IV. Other Conditions:
A. Additional amendments are found to be either administrative or procedural in
nature or concern themselves with subjects not covered in the California
Building Standards Code. These changes include provisions making the
California Building Standards Code compatible with other codes enforced by
the City.
SECTION 2. As recommended by the Building Official, Design and Development
Director, and the Riverside County Fire Marshal, the following local amendments to the
2025 California Building Standards Code are hereby found to be reasonably necessary
as identified in the table below and referenced to the express findings noted in Section
1, above.
Local Code Amendments and Express Findings of Necessity
Code Legend:
CBC = California Building Code; CRC = California Residential Code;
CEC = California Electrical Code; CFC = California Fire Code; CWUIC = California
Wildland-Urban Interface Code; CEnC = California Energy Code;
LQMC = La Quinta Municipal Code
Code Amended Section Express Finding
LQMC 8.01.020 IV.A
LQMC 8.01.030 IV.A
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LQMC 8.02.050 IV.A
CBC 105.2 III.A, III.B, IV.A
CBC 903.2 I.A, I.B, I.C, II.D
CBC 1505.1.5 I.A, I.B, I.C, II.D
CEC 120 III.D
CEC 310.1 I.F
CRC R105.2 III.A, III.B, IV.A
CRC R902.1.3 I.A, I.B, I.C, II.D
CFC 101.1 IV.A
CFC 101.4 IV.A
CFC 102.5 I, II & III
CFC 102.13.1 IV.A
CFC 104.1.1 IV.A
CFC 104.2 IV.A
CFC 104.8 and 104.8.1 IV.A
CFC 104.12 IV.A
CFC 108.2 IV.A
CFC 108.4 IV.A
CFC 108.7 IV.A
CFC 112.1 IV.A
CFC 113.4 IV.A
CFC 202 IV.A
CFC 308.1.7 I, II & III
CFC 503.1.2.1 I, II, & III
CFC 503.2.1 IV.A
CFC 503.2.2 IV.A
CFC 503.6.1 IV.A
CFC 503.7 IV.A
CFC 507.5.7 I & III
CFC 507.5.8 I, II & III
CFC 508.1 I, II & III
CFC 508.1.1 I, II & III
CFC 508.1.3 I, II & III
CFC 509.2.1 I & III
CFC 608.11.1.2 II & III
CFC 903.2 I, II & III
CFC 903.3.5.3 I & II
CFC 904.2.2.1 I, II & III
CFC 3206.4.2 IV.A
CFC 4107 I, II & III
CFC 4107.1 I, II & III
CFC 4107.2 I, II & III
CFC 4107.2.1 I, II & III
CFC 4107.2.2 I, II & III
CFC 4107.2.3 I, II & III
CFC 5608.1.2 IV.A
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CFC 5608.2 I, II & III
CFC B103.2.1 I, II & III
CFC Table B105.2 I, II & III
CFC C103.1 I, II & III
CEnC 110.4(c) I.G & IV.A
CWUIC 102.4.1.1 IV.A
CWUIC 104.1.1 IV.A
CWUIC 104.2 IV.A
CWUIC 104.8 and 104.8.1 IV.A
CWUIC 105.2 IV.A
CWUIC 108.2 IV.A
CWUIC 108.7 IV.A
CWUIC 109.3.7 IV.A
CWUIC 202 IV.A
CWUIC 302.1.1 IV.A
CWUIC 501.1 I, II, & III
CWUIC 602.1 I, II, & III
CWUIC 602.3.2 I, II, & III
CWUIC 603.1 I, II, & III
CWUIC 603.3 I, II, & III
CWUIC 603.3.1 I, II, & III
CWUIC 604.1 I, II, & III
CWUIC 604.3 I, II, & III
CWUIC 604.3.1 I, II, & III
CWUIC 604.6 I, II, & III
CWUIC 604.7 I, II, & III
CWUIC 604.7.1 I, II, & III
CWUIC 604.7.2 I, II, & III
CWUIC 604.7.3 I, II, & III
CWUIC 604.8 I, II, & III
CWUIC 604.8.1 I, II, & III
CWUIC 604.8.2 I, II, & III
CWUIC 604.8.2.1 I, II, & III
CWUIC 604.8.2.2 I, II, & III
CWUIC 604.8.2.3 I, II, & III
CWUIC 604.8.2.3.1 I, II, & III
CWUIC 604.8.3 I, II, & III
CWUIC 604.8.3.1 I, II, & III
CWUIC 604.8.4 I, II, & III
CWUIC 604.8.4.1 I, II, & III
CWUIC 604.8.4.2 I, II, & III
CWUIC 604.8.5 I, II, & III
CWUIC 604.8.5.1 I, II, & III
CWUIC 604.8.5.2 I, II, & III
CWUIC 604.8.5.3 I, II, & III
CWUIC 604.8.5.4 I, II, & III
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CWUIC 604.8.5.5 I, II, & III
CWUIC 604.8.5.5.1 I, II, & III
CWUIC 604.8.5.5.2 I, II, & III
CWUIC 604.8.5.5.3 I, II, & III
CWUIC 604.8.5.6 I, II, & III
CWUIC 604.8.5.6.1 I, II, & III
CWUIC 604.8.5.6.2 I, II, & III
CWUIC 604.8.5.7 I, II, & III
CWUIC 604.9 I, II, & III
CWUIC 604.1 I, II, & III
CWUIC 604.11 I, II, & III
CWUIC 604.11.3 I, II, & III
CWUIC 607.1 I, II, & III
CWUIC 607.1.1 I, II, & III
CWUIC 607.2 I, II, & III
CWUIC 608.1.1 I, II, & III
CWUIC 608.2 I, II, & III
CWUIC 608.2.1 I, II, & III
CWUIC 609.2.7.1 I, II, & III
CWUIC 609.2.7.2 I, II, & III
CWUIC A102.1 I, II, & III
CWUIC A105.1 I, II, & III
CWUIC A105.4 I, II, & III
SECTION 3. A copy of this Ordinance adopting the 2025 California Administrative
Code, the 2025 California Building Code, the 2025 California Residential Code, the
2025 California Electrical Code, the 2025 California Mechanical Code, the 2025
California Plumbing Code, the 2025 California Energy Code, the 2025 California
Wildland-Urban Interface Code, the 2025 California Historical Building Code, the 2025
California Fire Code, the 2025 California Existing Building Code, the 2025 California
Green Building Standards Code, and the 2025 California Referenced Standards Code,
along with the findings, amendments, additions, and deletions, shall be filed with the
California Building Standards Commission at 2525 Natomas Park Drive, Suite 130,
Sacramento, CA 95833 by the City Clerk of the City of La Quinta.
SECTION 4. ADOPTION OF BUILDING AND CONSTRUCTION REGULATIONS.
There is hereby adopted an amendment, attached hereto as Exhibit A, to Title 8 of the
La Quinta Municipal Code, entitled “Buildings and Construction,” which is incorporated
as fully as if set out in full herein, for the purpose of prescribing regulations governing
conditions related to building and construction and activities including those certain
documents specifically described in said Exhibit A, save and except certain specified
portions which are hereinafter deleted, modified, or amended within various Chapters of
said Title 8, of which documents being adopted by reference copies are on file with the
Building Official and the same are also hereby adopted and incorporated as fully as if
set out at length herein.
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SECTION 5. 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.
SECTION 6. EFFECTIVE DATE: This Ordinance shall be in full force and effect thirty
(30) days after its adoption, but no sooner than January 1, 2026.
SECTION 7. 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 8. 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.
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
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ATTEST:
_________________________
MONIKA RADEVA, City Clerk
City of La Quinta, California
APPROVED AS TO FORM:
___________________________
WILLIAM H. IHRKE, City Attorney
City of La Quinta, California
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EXHIBIT A
Note: In this Exhibit, Code text is differentiated as follows:
Existing language to remain unchanged is displayed in standard font.
Existing language to be deleted is displayed in strikethrough font.
New or revised language is displayed in shaded text.
Code Amendment language is displayed in underlined, italic font.
Title 8 of the La Quinta Municipal Code, entitled “Buildings and Construction” shall be
amended as follows:
1. Section 8.01.010, entitled “Adoption of the California Administrative Code” shall be
amended to read as follows:
Certain documents marked and designated as the “2022 2025 California Administrative
Code,” published by the California Building Standards Commission, are adopted for
establishing administrative, organizational and enforcement rules and regulations for
technical codes which regulate site preparation and construction, alteration, moving,
demolition, repair, use and occupancy of buildings, structures and building service
equipment.
Each and all of the regulations, provisions, conditions and terms therein, on file with the
building official, are referenced and made a part hereof as if fully set out in this chapter,
except as otherwise provided in this chapter.
2. Section 8.02.010, entitled “Adoption of the California Building Code” shall be
amended to read as follows:
Certain documents marked and designated as the “2022 2025 California Building
Code”, Specifically Chapters 1 through 35, Appendix Chapter C (Group U—Agricultural
Buildings), Appendix Chapter H (Signs), Appendix Chapter J (Grading), Appendix
Chapter N (Replicable Buildings), Appendix Chapter P (Sleeping Lofts), and Appendix
Chapter PQ (Emergency Housing Facilities) within Volumes 1 and 2, published by the
California Building Standards Commission are adopted for regulating the construction,
alteration, movement, enlargement, replacement, repair, equipment, use and
occupancy, location, maintenance, removal and demolition of every building or structure
or any appurtenances connected or attached to such buildings or structures.
Each and all of the regulations, provisions, conditions and terms therein, on file with the
building official, are referenced and made a part hereof as if fully set out in this chapter,
except as otherwise provided in this chapter.
3. Section 8.02.020, entitled “Work exempt from permit” shall be readopted under the
“2025” code, incorporating revised, new, and amended language to read as follows:
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Subsection 105.2 of Section 105 of the California Building Code is amended by deleting
the subheading “Building” and its listed items 1 through 13 and replacing them with the
following:
Building:
1. One-story detached accessory structures used as tool and storage sheds,
playhouses and similar uses, provided that the floor area does not exceed
120 square feet (11 m 2). It is permissible that these structures still be
regulated by Section 710A Part 7 California Wildland-Urban Interface Code,
despite exemption from permit.
2. Fences, other than swimming pool barriers, not over seven (7) feet (2134
mm) high. in height measured from finished grade and non-retaining masonry
walls not over three (3) feet (914 mm) in height measured from top of footing,
other than when used as a swimming pool drowning prevention safety
feature.
3. Oil derricks.
4. Retaining walls that are not over 2 feet (609 mm) 4 feet (1219 mm) in height
measured from top of footing to the top of the wall the bottom of the footing,
unless supporting a surcharge or impounding Class I, II or IIIA liquids.
5. Water tanks supported directly on grade if the capacity is not greater than
5,000 gallons (18,925 L) and the ratio of height to diameter or width is not
greater than 2:1.
6. Sidewalks and driveways not more than 30 inches (762 mm) above adjacent
grade, and not over any basement or story below and are not part of an
accessible route.
7. Painting, papering, tiling, carpeting, cabinets, counter tops and similar finish
work.
8. Temporary motion picture, television and theater stage sets and scenery.
9. Prefabricated swimming pools accessory to a Group R-3 occupancy that are
less than 24 inches (610 mm) deep, are not greater than 5,000 gallons
(18,925 L), and are installed entirely above ground.
10. Shade cloth structures constructed for nursery or agricultural purposes, not
including service systems.
11. Swings and other playground equipment accessory to detached one- and
two-family dwellings.
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12. Window awnings in Group R-3 and U occupancies, supported by an exterior
wall that do not project more than 54 inches (1,372 mm) from the exterior wall
and do not require additional support.
13. Non-fixed and movable fixtures, cases, racks, counters and partitions not over
5 feet 9 inches (1,753 mm) in height.
4. Section 8.02.030, entitled “Automatic fire-extinguishing systems” shall be readopted
under the “2025” code, incorporating revised, new, and amended language to read as
follows:
Section 903.2 of the 2022 2025 California Building Code is amended to read as follows:
903.2 Where required. Approved automatic sprinkler systems in new buildings
and structures shall be provided as follows: in the locations described in Sections
903.2.1 through 903.2.12 and Sections 903.2.14 through 903.2.21. Those
requirements notwithstanding, an approved automatic sprinkler system shall be
installed throughout any new building or structure where the fire area is 3,600
square feet or greater.
1. In all new buildings and structures which are 3,600 square feet or greater, an
approved automatic sprinkler system shall be provided regardless of
occupancy classification. Where the Sections 903.2.1 – 903.2.21 of the
California Building Code require more restrictive requirements than those
listed below, the more restrictive requirement shall take precedence.
2. All existing buildings, except for one- and two-family dwellings, shall be
retrofitted with automatic fire sprinklers when a structure exceeds 3,600
square feet and changes are made to the building including any of the
following: change of use/occupancy, removal of an existing fire wall as
defined by the California Building Code, or additions of 50% or more are
made to the original building area and the resulting square footage exceeds
5,000 square feet .
3. One- and two-family dwellings shall have an automatic fire sprinkler system
regardless of square footage in accordance with this Code or the California
Residential Code, as applicable. Fire sprinkler systems shall be installed in
mobile homes, manufactured homes and multifamily manufactured homes
with two dwelling units in accordance with Title 25 of the California Code of
Regulations.
Exception: Unless required elsewhere in this code or the California Fire Code,
automatic fire sprinkler systems shall not be required for the following:
1. Spaces or areas in telecommunications buildings used exclusively for
telecommunications equipment, associated electrical power distribution
equipment, batteries not required to have an automatic sprinkler system
by California Fire Code Section 1207 for energy storage systems and standby
engines, provided that those spaces or areas are equipped throughout with
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an automatic smoke detection system in accordance with Section 907.2 and
are separated from the remainder of the building by not less than 1-hour fire
barriers constructed in accordance with Section 707 of the California Building
Code or not less than 2-hour horizontal assemblies constructed in accordance
with Section 711 of the California Building Code, or both.
2. Detached Group U occupancies used for agricultural purposes.
3. Detached non-combustible equestrian arena shade canopies that are open
on all sides and used for riding only - no commercial, assembly or storage
uses.
4. Non-combustible fueling station canopies not exceeding 10,000 square feet
when separated from other buildings by a distance of not less than 50 feet.
5. Detached fabric or non-combustible shade structures that are open on all
sides and used to shade playground equipment, temporary storage of
vehicles and dining areas with no cooking.
6. Where determined by the Fire Chief that no major life safety hazard exists,
and the fuel load does not pose a significant threat to firefighter safety or to
other structures or property, automatic fire sprinklers may be exempted.
The following exceptions in the California Building Code shall not be allowed:
Exception to Section 903.2.3.
Exception to Section 903.2.11.3.
5. Section 8.02.040, entitled “Fire-retardant roofing materials required” shall be
readopted under the “2025” code, with existing code amendment section deleted in its
entirety and is replaced with updated numbering and new section naming to read as
follows:
Section 8.02.040 – Roof covering materials.
Section 1505.1.3 is added to the 2025 California Building Code to read as follows:
1505.1.4 Roof coverings within the City of La Quinta. With the exception of patio
covers and similar structures, roof coverings shall be of a Class A rating and
shall otherwise comply with the requirements of this code.
Exception: When the existing roof covering is not a Class A rating and all of the
following conditions exist:
1. The scope of work is an addition or roof repair, and;
2. The newly roofed area consists of less than 25 percent of the existing
roof area.
6. Section 8.03.010, entitled “Adoption of the California Electrical Code” shall be
amended read as follows:
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Certain documents marked and designated as the “2022 2025 California Electrical
Code,” published by the California Building Standards Commission, are adopted for
safeguarding persons and property from hazards arising from the use of electricity.
Each and all of the regulations, provisions, conditions and terms therein, on file with the
building official, are referenced and made a part hereof as if fully set out in this chapter,
except as otherwise provided in this chapter.
7. Section 8.03.020, entitled “Underground wiring required” shall be readopted under
the “2025” code, with existing amended language revised to read as follows:
Article 120 of the 2022 2025 California Electrical Code is added to read as follows:
ARTICLE 120
Underground Wiring Required
120.1 Scope. This article covers the general requirements for restricting the
installation of above-ground electrical and other utility components in new
construction, and phasing out their use in existing installations.
120.2 Definitions. See Article 100. For the purposes of this article, the following
additional definitions apply.
Community Antenna Television System (or CATV). A system of antennas,
coaxial cables, wires, wave guides, or other conductors, equipment, or facilities
designed, constructed, or used for the purpose of providing television or FM radio
service by cable or through its facilities.
Cost of Replacing. Those costs as computed by the Building Official or his or her
designee. In making said computation, said City Official shall use those tables
and figures provided in that publication entitled “Building Standards,” as
published by International Code Council, Whittier, California, and which is current
at the time of such computations. Said tables and figures shall apply to a building
which would conform to all City and State Regulations, including the City’s
Building, Plumbing, Wiring, Mechanical, Fire Codes and Zoning Regulations,
which are effective at the time of the computation.
Poles, Wires, and Associated Structures. Poles, towers, supports, wires,
crossarms, braces, transformers, insulators, cutouts, switches, communication
circuits, appliances, attachments, and appurtenances used in whole or in part for
supplying, distributing or transmitting electric energy, radio signals, television
signals, telegraphic signals, CATV services, or any similar associated services to
a building or structure and the occupants thereof, if any. Also referred to
collectively in this article as “utility facilities.”
Utility. All persons or entities supplying, transmitting, or distributing electrical
energy and service, radio signals, television signals, telegraphic signals, and
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providing telephone, electrical, light, radio, television, telegraphic, and CATV
services or any similar associated services by means of poles, wires, and
associated structures.
120.3 Prohibition. Except as provided in Article 120.4, no person shall construct,
install, or place above the surface of the ground any poles, wires, and associated
structures, regardless of the use or proposed use of the structure or building to
be served thereby.
120.4 Exceptions. The provisions of this article shall not apply to the following
poles, wires, and associated structures under the circumstances described
herein:
(A) Termination Point for Overhead Utility Facilities. Utility facilities constructed,
placed, or installed (referred to herein collectively as “constructed”), or proposed
to be constructed within six feet of the lot line of any real property for which
service is being or intended to be provided by said utility facilities, if the sole
purpose of the construction of utility facilities is to terminate overhead utility
facilities. Such utility facilities may be placed at a distance further than six feet
from said lot line to enable a maximum underground run of two hundred feet.
(B) Ground-mounted Equipment. Ground-mounted transformers, pedestal-
mounted terminal boxes, meter cabinets, concealed ducts, and other
appurtenances and associated equipment, which are part of and necessary for
the operation of an underground electrical, communication, CATV, radio, or
telegraphic system.
(C) Temporary Facilities. Utility facilities installed by a utility for temporary
purposes, including, but not limited to, servicing building construction projects for
which valid building permits have been issued by the City, and which uses are
being or proposed to be conducted in compliance with all requirements of this
code, the remainder of the California Building Standards Code, and the La
Quinta Municipal Code.
(D) High Voltage Installations. Utility facilities distributing, supplying, and
transmitting electrical energy at 34,000 Volts or greater.
120.5 Initial Obligation. The owner, lessee, tenant, or occupant of a building or
structure or the owner of property proposed to be developed by a building or
structure has the initial obligation to comply with all the requirements of this
article, and in performance of said obligation shall make the necessary
arrangements with the appropriate utility for the installation and construction of
utility facilities so that they will be in compliance with the provisions of this article.
This section is not intended to eliminate or limit the obligation of any person,
including a utility, to comply at all times with all provisions of this article, but
expresses the intent of the La Quinta City Council as to who has the primary
obligation of compliance.
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120.6 Waiver. If any person believes that the application of any provision of this
article is impractical and will cause practical difficulties and unnecessary hardship
to him or her or the public in general due to certain topographical conditions,
street configurations, underground obstacle, soil, water or other natural
conditions which would make the underground installation of utility facilities
unreasonable, said person may apply in writing to the Design & Development
Department for a waiver of such provision of this article. Said application shall be
filed with the Design & Development Department and the City Council shall
consider said application no later than thirty (30) days thereafter, at which time it
shall hear the Applicant’s evidence in support of the application, the comments
and recommendations of the City’s employees and officials thereon. It may hear
other parties. The City Council may grant a waiver from all or any provisions of
this article after considering a specific application therefor and after making a
finding that the application of the specific provision in question would be
unreasonable, impractical and cause undue hardship to the Applicant or the
general public. If the City Council does grant a waiver, it may impose reasonable
conditions on said grant in the interest of protecting and preserving the public
health, safety and general welfare. The City Council shall make its decision on
the application no later than thirty (30) days after it has concluded its
consideration thereof. The decision of the City Council shall be final.
120.7 Nonconformance: Continuance and Termination.
(A) Nonconformance. Any legally established utility facility not in conformity with
the provision of this article as of the effective date of this ordinance shall be
considered nonconforming.
(B) Nonconforming Utility Facilities Not Relocated. Any nonconforming utility
facility may continue to be used and may be renewed, altered, enlarged, or have
additions thereto in its existing location without any provisions of this article being
applicable thereto. However, when any building or structure to which any
nonconforming utility facility provides any service is enlarged or an addition is
made thereto where the cost of replacing said building or structure including its
addition or enlargement exceeds by 50 percent the cost of replacing said building
or structure prior to its enlargement or the addition thereto, all utility facilities that
provide service to such building or structure, as described in the aforesaid
clause, shall be caused to comply with all provisions of this article.
(C) Nonconforming Utility Facilities Relocated. Whenever an existing service is
relocated on nonconforming property, or a new service is established on
nonconforming property, any such relocated or new service shall be caused to
comply with all the provisions of this article.
8. Section 8.03.030, entitled “Copper wire required” shall be readopted under the
“2025” code, with existing amended language revised to read as follows:
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Section 310.10 of the 2022 2025 California Electrical Code is amended to read as
follows:
310.10 Uses Permitted.
The conductors described in 310.104 shall be permitted for use in any of the
wiring methods covered in Chapter 3 and as specified in their respective tables
or as permitted elsewhere in this Code. However, aluminum conductors shall
only be permitted for use to feed main electrical panels or sub-panels. Such
aluminum conductors shall not be smaller than size 1/0 AWG.
9. Section 8.04.010, entitled “Adoption of the California Plumbing Code” shall be
amended to read as follows:
Certain documents marked and designated as the “2022 2025 California Plumbing
Code,” Specifically Chapters 1 through 17, including Table 4-1 (Occupant Load Factor)
and Appendix Chapter A (Recommended Rules for Sizing the Water Supply System),
Appendix Chapter B (Explanatory Notes in Combination Waste and Vent Systems),
Appendix Chapter D (Sizing Storm Water Drainage Systems), Appendix Chapter H
(Private Sewage Disposal Systems), and Appendix Chapter I (Installation Standards),
Append Chapter R (Tiny Houses), and Appendix S (Onsite Stormwater Treatment
Systems), published by the California Building Standards Commission, are adopted for
regulating the erection, installation, alteration, addition, repair, relocation, replacement,
maintenance, or use of any plumbing system.
Each and all of the regulations, provisions, conditions and terms therein, on file with the
building official, are referenced and made a part hereof as if fully set out in this chapter,
except as otherwise provided in this chapter.
10. Section 8.04.020, entitled “Amendments to the California Plumbing Code” shall be
added and read as follows:
Section 8.04.020 – Amendments to the California Plumbing Code.
Section 422.1 of the 2025 California Plumbing Code is amended to read as follows:
422.1 Fixture Count. Plumbing fixtures shall be provided for the type of building
occupancy and in the minimum number shown in Table 422.1. The total occupant load
and occupancy classification shall be determined in accordance with the California
Building Code, or with the Occupant Load Factors in Table 4-1. Occupancy
classification not shown in Table 422.1 shall be considered separately by the Authority
Having Jurisdiction.
11. Section 8.05.010, entitled “Adoption of the California Mechanical Code” shall be
amended to read as follows:
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Certain documents marked and designated as the “2022 2025 California Mechanical
Code,” Specifically Chapters 1 through 17 18 and Appendix Chapter B (Procedures to
be followed to place gas equipment in operation) and Appendix Chapter C (Installation
and testing of oil (liquid) fuel-fired equipment), published by the California Building
Standards Commission, are adopted for regulating and controlling the design,
construction, installation, quality of materials, location, operation, and maintenance or
use of heating, ventilating, cooling, refrigeration systems, incinerators, and other
miscellaneous heat-producing appliances.
Each and all of the regulations, provisions, conditions and terms therein, on file with the
building official, are referenced and made a part hereof as if fully set out in this chapter,
except as otherwise provided in this chapter.
12. Section 8.06.010, entitled “Adoption of the California Residential Code” shall be
amended to read as follows:
Certain documents marked and designated as the “2022 2025 California Residential
Code”, Specifically Chapters 1 through 10, Chapter 44, Appendix Chapter AH (Patio
Covers), Appendix Chapter AQ (Tiny Houses), Appendix Chapter AS (Strawbale
Construction), Appendix Chapter AX (Swimming Pool Safety Act) and Appendix
Chapter AZ (Emergency Housing) Appendix Chapter BB (Tiny Houses), Appendix
Chapter BF (Patio Covers), Appendix Chapter BI (Light Straw-clay Construction),
Appendix Chapter BJ (Strawbale Construction), Appendix Chapter BM (3D-Printed
Building Construction), Appendix Chapter CI (Swimming Pool Safety Act) and Appendix
Chapter CJ (Emergency Housing), published by the California Building Standards
Commission, are adopted for regulating the construction, alteration, movement,
enlargement, replacement, repair, equipment, use and occupancy, location,
maintenance, removal and demolition of every detached one- and two-family dwelling,
townhouse not more than three stories above grade plane in height with a separate
means of egress and structures accessory thereto.
Each and all of the regulations, provisions, conditions and terms therein, on file with the
building official, are referenced and made a part hereof as if fully set out in this chapter,
except as otherwise provided in this chapter.
13. Section 8.06.020, entitled “Work exempt from permit” shall be readopted under the
“2025” code, incorporating revised, new, and amended language to read as follows:
Subsection R105.2 of Section 105 of the California Residential Code is amended by
deleting the subheading “Building” and its listed items 1 through 10 and replacing them
with the following:
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Building:
1. Other than storm shelters, one-story detached accessory structures, provided
the floor area does not exceed 120 square feet (11.15 m²). It is permissible that
these structures still be regulated by Section 710A Part 7 California Wildland-
Urban Interface Code, despite exemption from permit.
2. Fences, other than swimming pool barriers, not over seven (7) feet (2134 mm)
high. in height measured from finished grade and non-retaining masonry walls
not over three (3) feet (914 mm) in height measured from top of footing, other
than when used as a swimming pool drowning prevention safety feature.
3. Retaining walls that are not over 2 feet (609 mm) 4 feet (1219 mm) in height
measured from top of footing to the top of the wall the bottom of the footing,
unless supporting a surcharge.
4. Water tanks supported directly upon grade if the capacity does not exceed
5,000 gallons (18,927 L) and the ratio of height to diameter or width does not
exceed 2 to 1.
5. Sidewalks and driveways.
6. Painting, papering, tiling, carpeting, cabinets, counter tops and similar finish
work.
7. Prefabricated swimming pools accessory to a Group R-3 occupancy that are
less than 24 inches (610 mm) deep, are not greater than 5,000 gallons (18,925
L), and are installed entirely above ground.
8. Swings and other playground equipment.
9. Window awnings supported by an exterior wall which do not project more than
54 inches (1,372 mm) from the exterior wall and do not require additional
support.
10. Decks not exceeding 200 square feet (18.58 m2) in area, that are not more
than 30 inches (762 mm) above grade at any point, are not attached to a
dwelling, and do not serve the exit door required by Section R311.4 R318.4.
All such structures must comply with the setback and height requirements of the La
Quinta Municipal Code, as applicable. Unless otherwise exempted, separate plumbing,
electrical, and mechanical permits are required for the above-exempted items.
14. Section 8.06.030, entitled “Fire-retardant roofing materials required” shall be
readopted under the “2025” code, with existing code amendment section deleted in its
entirety and is replaced with updated numbering and new section naming to read as
follows:
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Section 8.06.030 – Roof covering materials.
Section R902.1.3 of the 2025 California Residential Code is added to read as follows:
R902.1.3 Roof coverings within the City of La Quinta. With the exception of patio
covers and similar structures, roof coverings shall be of a Class A rating and
shall otherwise comply with the requirements of this code.
Exception: When the existing roof covering is not a Class A rating and all of the
following conditions exist:
1. The scope of work is an addition or roof repair, and;
2. The newly roofed area consists of less than 25 percent of the existing
roof area.
15. Section 8.07.010, entitled “Adoption of the California Green Building Standards
Code.” shall be amended to read as follows:
Certain documents marked and designated as the “2022 2025 California Green Building
Standards Code” Specifically Chapters 1 through 8, published by the California Building
Standards Commission are adopted to improve public health, safety and general
welfare by enhancing the design and construction of buildings through the use of
building concepts having a reduced negative impact or positive environmental impact
and encouraging sustainable construction practices.
Each and all of the regulations, provisions, conditions and terms therein, on file with the
building official, are referenced and made a part hereof as if fully set out in this chapter,
except as otherwise provided in this chapter.
16. Section 8.08.010, entitled “Adoption of the California Fire Code” shall be amended
to read as follows:
Except as stated in this section or as amended below in Section 8.08.020 of this
chapter; all of the provisions and appendices of the 2022 2025 California Fire Code,
inclusive of all of the inclusions and exclusions set for in each chapter's matrix, are
hereby adopted and shall apply to the city of La Quinta. In addition, the following
provisions that are excluded in the 2022 2025 California Fire Code are hereby adopted:
Chapter 1, Division II of the California Fire Code is hereby adopted, (except that
Sections 103.2 and 111.3112.3 are not adopted); and Chapters 3, 25, and Sections
403.11, 503, 510.2, 1103.2 and 5707, published by the California Building Standards
Commission are adopted for the purpose of establishing the minimum requirements
consistent with nationally recognized good practice for providing a reasonable level of
life safety and property protection from the hazards of fire, explosion, or dangerous
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conditions in new and existing buildings, structures, and premises, and to provide safety
to firefighters and emergency responders during emergency operations within the city.
Each and all of the regulations, provisions, conditions and terms therein, on file with the
building official, are referenced and made a part hereof as if fully set out in this chapter,
except as otherwise provided in this chapter
17. Section 8.08.020, entitled “Amendments to the California Fire Code” is deleted in its
entirety and replaced with the following:
8.08.020 - Amendments to the California Fire Code.
A. Scope and Administration.
1) Section 101.1 of the California Fire Code is amended as follows:
101.1 Title. These regulations shall be known as the La Quinta Fire Code,
hereinafter referred to as "this code."
2) Section 101.4 of the California Fire Code is deleted in its entirety and replaced
with the following:
101.4 Severability. If any provision, clause, sentence or paragraph of this
code or the application thereof to any person or circumstances shall be held
invalid, such invalidity shall not affect the other provisions of this code which
can be given effect without the invalid provision or application, and to this
end, the provisions of this code are hereby declared to be severable.
B. Applicability.
1) Section 102.5 of the California Fire Code is amended as follows:
102.5 Application of Residential Code. Where structures are designed and
constructed in accordance with the California Residential Code, the
provisions of this code shall apply as follows:
1. Construction and design provisions of this code pertaining to the exterior
of the structure shall apply including, but not limited to, premises
identification, fire apparatus access and water supplies. Where interior or
exterior systems or devices are installed, construction permits required by
Section 105.6 of this code shall apply.
2. Administrative, operational and maintenance provisions of this code shall
apply.
3. Automatic fire sprinkler system requirements of this code shall apply to
detached accessory buildings 3,600 square feet or greater in accordance
with Section 903.2. The provisions contained in Section 903.2.18 of the
California Fire Code or Section R317.5.1 of the California Residential
Code may be used for the design of the automatic fire sprinkler system
for detached private garages.
2) A new Section 102.13.1 is added to Section 102.13 of the California Fire Code to
read as follows:
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102.13.1 Application of the California Wildland-Urban Interface Code.
Where a conflict exists between the adopted provisions of the California Fire
Code and the California Wildland-Urban Interface Code, the more restrictive
provisions shall apply.
C. Duties and Powers of the Fire Code Official
1) A new Section 104.1.1 is added to Section 104.1 of the California Fire Code to
read as follows:
104.1.1 Authority of the Fire Chief and Fire Department.
1. The Fire Chief, Chief Deputy, or their designee, is authorized and directed
to enforce all applicable State fire laws and provisions of this code and to
perform such duties as directed by the City Council.
2. The Fire Chief, Chief Deputy, or their designee, is authorized to
administer, interpret and enforce this code. Under the Fire Chief, Chief
Deputy, or their designee’s, direction, the Riverside County Fire
Department is authorized to enforce ordinances of City of La Quinta
pertaining to the following:
2.1. The prevention of fires.
2.2. The suppression or extinguishment of dangerous or hazardous
fires.
2.3. The storage, use and handling of hazardous materials.
2.4. The installation and maintenance of automatic, manual and other
private fire alarm systems and fire extinguishing equipment.
2.5. The maintenance and regulation of fire escapes.
2.6. The maintenance of fire protection and the elimination of fire
hazards on land, in buildings, structures and other property,
including those under construction.
2.7. The maintenance of means of egress.
2.8. The investigation of the cause, origin and circumstances of fire and
unauthorized releases of hazardous materials.
3. The following persons are hereby authorized to interpret and enforce the
provisions of this code and to make arrests and issue citations as
authorized by law:
3.1. The Unit Chief, Peace Officers and Public Officers of the California
Department of Forestry and Fire Protection.
3.2. The Fire Chief, Peace Officers and Public Officers of the Riverside
County Fire Department.
3.3. The Riverside County Sheriff and any deputy sheriff.
3.4. The Police Chief and any police officer of any city served by the
Riverside County Fire Department.
3.5. Officers of the California Highway Patrol.
3.6. Code Officers of the City of La Quinta.
3.7. Peace Officers of the California Department of Parks and
Recreation.
3.8. The law enforcement officer of the Federal Bureau of Land
Management.
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2) Section 104.2 of the California Fire Code is deleted and replaced with the
following:
104.2 Determination of compliance. The fire code official shall have the
authority to determine compliance with this code, to render interpretations of
this code and to develop policies, procedures, guidelines, standards, and
information bulletins in order to clarify the application of its provisions. Such
interpretations, policies, procedures:
1. Shall be in compliance with the intent and purpose of this code.
2. Shall not have the effect of waiving requirements specifically provided
for in this code.
3. Shall be enforceable as part of this code.
3) Sections 104.8 and 104.8.1 of the California Fire Code are deleted in their
entirety and replaced with the following:
104.8 Liability. Any liability against Riverside County and City of La Quinta or
any officer or employee for damages resulting from the discharge of their
duties shall be as provided by law.
4) A new Section 104.13 is added to Section 104 of the California Fire Code to read
as follows:
104.12 Authority of the Fire Chief to Close Hazardous Fire Areas. Except
upon National Forest Land, the Fire Chief is authorized to determine and
announce the closure of any hazardous fire area or portion thereof. Any
closure by the Fire Chief for a period of more than fifteen (15) calendar days
must be approved by the Riverside County Board of Supervisors and/or the
City Council within fifteen (15) calendar days of the Fire Chief's original order
of closure. Upon such closure, no person shall go in or be upon any
hazardous fire area, except upon the public roadways and inhabited areas.
During such closure, the Fire Chief shall erect and maintain at all entrances to
the closed area sufficient signs giving notice of closure. This section shall not
prohibit residents or owners of private property within any closed area, or their
invitees, from going in or being upon their lands. This section shall not apply
to any entry, in the course of duty, by a peace officer, duly authorized public
officer or fire department personnel. For the purpose of this section,
"hazardous fire area" shall mean public or private land that is covered with
grass, grain, brush or forest and situated in a location that makes suppression
difficult resulting in great damage. Such areas are designated on Hazardous
Fire Area maps filed with the office of the Fire Chief.
D. Fees.
1) Section 108.2 of the California Fire Code is deleted in its entirety and replaced
with the following:
108.2 Schedule of Permit Fees. Fees for services and permits shall be as
set forth in the City of La Quinta Fee Schedule.
2) Section 108.4 of the California Fire Code is deleted in its entirety and replaced
with the following:
108.4 Work Commencing Before Permit Issuance. A person who
commences any work, activity or operation regulated by this code before
obtaining the necessary permits shall be subject to a double (200%) permit
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fee, without provisions for refund, at the rate established for the specific
permit type in the adopted fee schedule.
3)A new Section 108.7 is added to Section 108 of the California Fire Code to read
as follows:
108.7 Cost Recovery. Pursuant to California Health and Safety Code
sections 11374.5(b)(1 ), 13009 et seq., 25259.4, 25515(a), 25540(a), 25541
(a), California Government Code sections 53150 et seq, and all other
provisions of law, all costs incurred by the Riverside County Fire Department
for the inspection and enforcement of any provision of these Codes, the
investigation of any fire, explosion or other hazardous condition, the
suppression of fire, the response to a traffic collision or accident, the
containment and/or mitigation of a hazardous materials release, and any
rescue or rendering of medical or physical aid or assistance, may be charged
to any responsible party, any person who violates these Codes or any person
who, due to a negligent or unlawful act or omission, is responsible for or
requires or causes the emergency response of Riverside County Fire
Department. Any expense incurred by the Riverside County Fire Department
for such an emergency response shall constitute a debt of such person and
shall be collectible by the County and City of La Quinta in the same manner
as in the case of an obligation under contract, express or implied. These
provisions shall be applied uniformly against all such persons in violation of a
Penal Code, Vehicle Code, Health and Safety Code or other state law
statutory violation; only a county or city official (as applicable) shall have
authority to reduce or cancel the debt obligation arising from the incident.
E.Means of Appeals.
1)Section 112.1 of the California Fire Code is deleted in its entirety and replaced
with the following:
112.1 Board of Appeals Established. The Board of Appeals shall be the
City of La Quinta Construction Board of Appeals as designated in La Quinta
Municipal Code Chapter 2.40. The Fire Chief shall be notified of any appeal
and the Fire Chief or designee shall be in attendance at the appeal hearing.
Depending on the subject of the appeal, specialized expertise may be
solicited, at the expense of the applicant, for the purpose of providing input to
the Construction Board of Appeals. The Fire Chief and Chief Deputy shall be
notified of any appeal and the Fire Chief, Chief Deputy or their designee(s)
shall be in attendance at the appeal hearing. Depending on the subject of the
appeal, specialized expertise may be solicited, at the expense of the
applicant, for the purpose of providing input to the Appeals Board.
F.Violations.
1)Section 113.4 of the California Fire Code is deleted in its entirety and replaced
with the following:
113.4 Violations and Penalties. It shall be unlawful for any person, firm,
corporation or association of persons to violate any provision of this
ordinance, or to violate the provisions of any permit granted pursuant to this
code or ordinance. Punishments and penalties for violations shall be in
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accordance with the City of La Quinta ordinances, fee schedule and California
Health and Safety Code Sections 17995 through 17995.5.
G. Definitions.
1) Section 202, definition of "Fire Chief" in the California Fire Code is deleted in its
entirety and replaced with the following:
FIRE CHIEF. The Fire Chief of Riverside County or the Fire Chief's designee.
H. Open Flames.
1) Section 308.1.7 of the California Fire Code is deleted in its entirety and replaced
with the following:
308.1.7 Sky Lanterns or Similar Devices. A person shall not release or
cause to be released a sky lantern or similar device.
I. Fire Apparatus Access Roads.
1) A new Section 503.1.2.1 is added to Section 503.1.2 of the California Fire Code
to read as follows:
503.1.2.1 Remoteness. Unless otherwise approved, where two fire
apparatus access roads are required, they shall be placed a distance apart
equal to not less than one-half of the length of the maximum overall diagonal
dimension of the property or area to be served, measured in a straight line
between accesses.
2) Section 503.2.1 of the California Fire Code is deleted in its entirety and replaced
with the following:
503.2.1 Dimensions. Fire apparatus access roads shall have an
unobstructed width of not less than 24 feet (7,315 mm), exclusive of
shoulders, except for approved security gates in accordance with Section
503.6, and an unobstructed vertical clearance of not less than 13 feet 6
inches (4,115 mm). For additional requirements or alternatives see Riverside
County Fire Department Standards and Policies, as may be amended from
time to time.
3) Section 503.2.2 of the California Fire Code is deleted in its entirety and replaced
with the following:
503.2.2 Authority. The fire code official shall be the only authority authorized
to designate fire apparatus access roads and fire lanes and to modify the
minimum fire lane access widths for fire or rescue operations.
4) A new Section 503.6.1 is added to Section 503.6 of the California Fire Code to
read as follows:
503.6.1 Automatic Opener. New motorized gates shall be provided with
means to be automatically opened remotely by emergency vehicle in
accordance with Riverside County Fire Department standards and Policies,
as may be amended from time to time.
Exception: Gates serving individual one- and two-family dwelling parcels.
5) A new Section 503.7 is added to Section 503 of the California Fire Code to read
as follows:
503.7 Loading Areas and Passenger Drop-Off Areas. On private
properties, where fire apparatus access roads are utilized for loading or
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unloading or utilized for passenger drop-off or pick-up, an additional eight (8)
feet of width shall be added to the minimum required width for the fire
apparatus access road.
J. Fire Protection Water Supplies.
1) A new Section 507.5.7 is added to Section 507 of the California Fire Code to
read as follows:
507.5.7 Fire Hydrant Size and Outlets. As determined by the fire code
official, fire hydrant sizes and outlets shall be based on the following:
1. Residential Standard – one (1) four (4) inch outlet and one (1) two and
one-half (2 ½) inch outlet.
2. Super Hydrant Standard – one (1) four (4) inch outlet and two (2) two and
one-half (2 ½) inch outlet.
3. Super Hydrant Enhanced – two (2) four (4) inch outlet and one (1) two and
one-half (2 ½) inch outlet.
2) A new Section 507.5.8 is added to Section 507 of the California Fire Code to
read as follows:
507.5.8 Fire Hydrant Street Marker. Fire hydrant locations shall be visually
indicated in accordance with Riverside County Fire Department Guidelines,
as may be amended from time to time. Any hydrant marker damaged or
removed during the course of street construction or repair shall be
immediately replaced by the contractor, developer or person responsible for
removal or damage.
K. Fire Command Center.
1) Section 508.1 of the California Fire Code is deleted in its entirety and replaced
with the following:
508.1 General. Where required by other sections of this code and in all
buildings classified as high-rise buildings by the California Building Code, in
buildings greater than 300,000 square feet in area and in Group I-2
occupancies having occupied floors located more than 75 feet above the
lowest level of fire department vehicle access, a fire command center for fire
department operations shall be provided and comply with Sections 508.1.1
through 508.1.8.
2) Section 508.1.1 of the California Fire Code is deleted in its entirety and replaced
with the following:
508.1.1 Location and Access. The fire command center shall be located
adjacent to the main lobby and shall be accessible from fire department
vehicular access or as approved by the fire code official. The room shall have
direct access from the building exterior at the lowest level of fire department
access.
3) Section 508.1.3 of the California Fire Code is deleted in its entirety and replaced
with the following:
508.1.3 Size. The fire command center shall be not less than 0.015 percent of
the total building area of the facility served or 200 square feet (19 m2) in area,
whichever is greater. The room shall have a minimum dimension of 0.7 times
the square root of the room area or 10 feet (3048 mm), whichever is greater.
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Where a fire command center is solely required because a building is greater
than 300,000 square feet (27 870 m2), the fire command center shall have a
minimum size of 96 square feet (9 m2) with a minimum dimension of 8 feet
(2438 mm) where approved by the fire code official.
L. Fire Protection and Utility Equipment Identification and Location.
1) A new Section 509.2.1 is added to section 509.2 of the California Fire Code is
added to read as follows:
509.2.1 Minimum Clearances. A 3-foot (914 mm) clear space shall be
maintained around the circumference of exterior fire protection system control
valves, or any other exterior fire protection system component that may
require immediate access, except as otherwise required or approved.
M. Mechanical Refrigeration.
1) Section 608.11.1.2 of the California Fire Code is deleted in its entirety and
replaced with the following:
608.11.1.2 Manual Operation. When required by the fire code official,
automatic crossover valves shall be capable of manual operation. The
manual valves shall be located in an approved location immediately outside of
the machinery room in a secure metal box or equivalent and marked as
Emergency Controls.
N. Automatic Sprinkler Systems.
1) Section 903.2 of the California Fire Code is deleted in its entirety and replaced
with the following:
903.2 Where Required.
1. In all new buildings and structures which are 3,600 square feet or greater,
an approved automatic sprinkler system shall be provided regardless of
occupancy classification. Where the Sections 903.2.1 – 903.2.21 of the
California Fire Code require more restrictive requirements than those
listed below, the more restrictive requirement shall take precedence.
2. All existing buildings, except for one- and two-family dwellings, shall be
retrofitted with automatic fire sprinklers when a structure exceeds 3,600
square feet and changes are made to the building including any of the
following: change of use/occupancy, removal of an existing fire wall as
defined by the California Building Code, or additions of 50% or more are
made to the original building area and the resulting square footage
exceeds 5,000 square feet.
3. One- and two-family dwellings shall have an automatic fire sprinkler
system regardless of square footage in accordance with the California
Residential Code. Fire sprinkler systems shall be installed in mobile
homes, manufactured homes and multifamily manufactured homes with
two dwelling units in accordance with Title 25 of the California Code of
Regulations.
Exception: Unless required elsewhere in this code or the California Building
Code, automatic fire sprinkler systems shall not be required for the following:
1. Spaces or areas in telecommunications buildings used exclusively for
telecommunications equipment, associated electrical power distribution
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equipment, batteries not required to have an automatic sprinkler
system by Section 1207 for energy storage systems and standby
engines, provided that those spaces or areas are equipped throughout
with an automatic smoke detection system in accordance with Section
907.2 and are separated from the remainder of the building by not less
than 1-hour fire barriers constructed in accordance with Section 707 of
the California Building Code or not less than 2-hour horizontal
assemblies constructed in accordance with Section 711 of
the California Building Code, or both.
2. Detached Group U occupancies used for agricultural purposes.
3. Detached non-combustible equestrian arena shade canopies that are
open on all sides and used for riding only - no commercial, assembly
or storage uses.
4. Non-combustible fueling station canopies not exceeding 10,000 square
feet when separated from other buildings by a distance of not less than
50 feet.
5. Detached fabric or non-combustible shade structures that are open on
all sides and used to shade playground equipment, temporary storage
of vehicles and dining areas with no cooking.
6. Where determined by the Fire Chief that no major life safety hazard
exists, and the fuel load does not pose a significant threat to firefighter
safety or to other structures or property, automatic fire sprinklers may
be exempted.
The following exceptions in the California Fire Code shall not be allowed:
1.1. Exceptions in Section 903.2.3.
1.2. Exception 2 in Section 903.2.11.3.
2) A new Section 903.3.5.3 is added to Section 903 of the California Fire Code to
read as follows:
903.3.5.3 Hydraulically Calculated Systems. The design of hydraulically
calculated fire sprinkler systems shall not exceed 90% of the water supply
capacity.
O. COMMERCIAL HOOD AND DUCT SYSTEMS.
1) A new Section 904.2.2.1 is added to Section 904.2.2 of the California Fire Code
to read as follows:
904.2.2.1 Activation of the Fire Alarm System. Where a fire alarm signaling
system, or a Dedicated Function Fire Alarm System is serving the occupancy
where the extinguishing system is located, the actuation of the automatic fire-
extinguishing system shall actuate the fire alarm signaling system in
accordance with the requirements of NFPA 72. If a fire alarm signaling
system, or a Dedicated Function Fire Alarm System is not present, one will be
required to be installed to provide monitoring for the automatic fire -
extinguishing system.
P. HIGH-PILED STORAGE - GENERAL FIRE PROTECTION AND LIFE SAFETY
FEATURES
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1) A new Section 3206.4.2 is added to Section 3206.4 of the California Fire Code to
read as follows:
3206.4.2 Minimum Requirements for Client Leased or Occupant Owned
Warehouses. Designs of an automatic sprinkler system for client leased or
occupant owned buildings containing high pile storage shall be based on the
requirements of NFPA 13. Unless otherwise approved, a Professional
Engineer, Licensed in the State of California, shall perform a survey of the
building to determine commodity classification, storage configuration, building
height and other information related to the development of an appropriate
sprinkler system design. The fire protection engineer shall also make
reasonable efforts to meet with the building owner or operator to understand
seasonal or customer related fluctuations to the stored commodities, storage
height, and configuration. The sprinkler design shall be based on the most
demanding requirements determined through the onsite survey and
discussions with the building owner or operator. The technical report shall
describe the basis for determining the commodity and sprinkler design
selection, how the commodities will be isolated or separated, and include
references to the design document(s). If a specific fire test is used as the
basis of design, a copy of the fire test report shall be provided at the time of
plan review.
Q. MOBILE FOOD PREPARATION VEHICLES.
1) A new Section 4107 is added to Chapter 41 of the California Fire Code to read as
follows:
4107 MOBILE FOOD PREPARATION VEHICLES.
2) New Sections 4107.1 through 4107.2.3 are added to Section 4107 of the
California Fire Code to read as follows:
4107.1 General. Mobile food preparation vehicles that are equipped with
appliances that produce smoke or grease-laden vapors shall comply with this
section.
4107.2 Maintenance. Maintenance of systems on mobile food preparation
vehicles shall be in accordance with Sections 4107.2.1 through 4107.2.3.
4107.2.1 Exhaust system. The exhaust system, including hood,
grease-removal devices, fans, ducts and other appurtenances, shall
be inspected and cleaned in accordance with Section 606.3.
4107.2.2 Fire protection systems and devices. Fire protection
systems and devices shall be maintained in accordance with Section
901.6.
4107.2.3 Fuel gas systems. LP-gas containers installed on the
vehicle and fuel-gas piping systems shall be inspected annually by an
approved inspection agency or a company that is registered with the
U.S. Department of Transportation to requalify LP-gas cylinders, to
ensure that system components are free from damage, suitable for
the intended service and not subject to leaking. CNG containers shall
be inspected every 3 years in a qualified service facility. CNG
containers shall not be used past their expiration date as listed on the
manufacturer’s container label. Upon satisfactory inspection, the
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approved inspection agency shall affix a tag on the fuel gas system or
within the vehicle indicating the name of the inspection agency and
the date of satisfactory inspection.
R.FIREWORKS DISPLAY.
1) Section 5608.1.2 is added to Section 5608 of the California Fire Code to read as
follows:
5608.1.2 Application for Permit. State Fire Marshal Licensed Operators
shall make application for Outdoor Public Fireworks Display to the City of La
Quinta at least 21 days prior to the proposed event so as to provide adequate
time for the City to make reasonable arrangements for community notification
of the tentative event and impacts thereof.
2)A new Section 5608.2 is added to Section 5608 of the California Fire Code to
read as follows:
5608.2 Fallout Area. For aerial shells, the minimum required radius of the
fallout area shall be 100 ft/in. (22 m/25 mm) of the internal mortar diameter of
the largest aerial shell to be fired, unless otherwise approved.
S.Appendix B.
1)A new Section B103.2.1 is added to Section B103.2 of the California Fire Code to
read as follows:
B103.2.1 Wildland-Urban Interface Area Subdivisions. The minimum fire
flow for any new subdivision or tract constructed within a Wildland-Urban
Interface Area shall be 1,500 gallons per minute.
2)Table B105.2 of the California Fire Code is amended as follows:
TABLE B105.2
REQUIRED FIRE-FLOW FOR BUILDINGS OTHER THAN ONE- AND TWO-FAMILY
DWELLINGS, GROUP R-3 AND R-4 BUILDINGS AND TOWNHOUSES
AUTOMATIC SPRINKLER
SYSTEM
(Design Standard)
MINIMUM FIRE-FLOW
(gallons per minute)
FLOW DURATION
(hours)
No automatic sprinkler
system
Value in Table B105.1(2) Duration in Table B105.1(2)
Section 903.3.1.1 of the
California Fire Code
50% of the value in Table
B105.1(2)a
Duration in Table B105.1(2)
at the reduced flow rate
Section 903.3.1.2 of the
California Fire Code
50% of the value in Table
B105.1(2)b
Duration in Table B105.1(2)
at the reduced flow rate
For SI: 1 gallon per minute = 3.785 L/m.
a The reduced fire-flow shall be not less than 1,000 gallons per minute.
b The reduced fire-flow shall be not less than 1,500 gallons per minute.
T.Appendix C.
1)Section C103.1 of the California Fire Code is deleted in its entirety and replaced
with the following:
C103.1 Hydrant Spacing. Fire apparatus access roads and public streets
providing required access to buildings in accordance with Section 503 of the
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International Fire Code shall be provided with one or more fire hydrants, as
determined by Section C102.1. Where more than one fire hydrant is required,
the distance between required fire hydrants shall be in accordance with
Sections C103.2 and C103.3. Fire hydrants shall be provided at street
intersections.
18. Section 8.14.010, entitled “Adoption of the California Energy Code” shall be
amended to read as follows:
Certain documents marked and designated as the “2022 2025 California Energy Code,”
published by the California Building Standards Commission, are adopted to make
businesses, homes, and appliances more energy efficient through the development and
implementation of energy efficiency building practices.
Each and all of the regulations, provisions, conditions and terms therein, on file with the
building official, are referenced and made a part hereof as if fully set out in this chapter,
except as otherwise provided in this chapter.
19. Section 8.14.020, entitled “Amendments to the California Energy Code” shall be
added and read as follows:
Section 8.14.020 – Amendments to the California Energy Code.
Section 110.4(c) of the 2025 California Energy Code is amended to read as follows:
(c) Heating source sizing. Heating systems or equipment for pools and/or spas
shall meet one of the sizing requirements 1 through 5 below:
1. A solar pool heating system with a solar collector surface area that is equivalent
to the following:
A. For nonresidential and multifamily buildings, 65 percent or greater of the pool
and/or spa surface area.
B. For single-family buildings, 60 percent or greater of the pool and/or spa
surface area.
2. A heat pump pool heater as the primary heating system that meets the sizing
requirements of Reference Joint Appendix JA16.3. The supplementary heater
can be of any energy source; or
3. A heating system that derives at least 60 percent of the annual heating energy
from on-site renewable energy or on-site recovered energy.
4. A combination of a solar pool heating system and heat pump pool heater
without any additional supplementary heater; or
5. A pool heating system determined by the Executive Director to use no more
energy than the systems specified in Items 1, 2, 3, or 4 above.
Exception 1 to Section 110.4(c): Portable electric spas compliant with 20 CCR
§1605.3(g)(7) of the Appliance Efficiency Regulations.
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Exception 2 to Section 110.4(c): Alterations to existing pools and/or spas with
existing heating systems or equipment.
Exception 3 to Section 110.4(c): A pool and/or spa that is heated solely by a
solar pool heating system without any backup heater.
Exception 4 to Section 110.4(c): Heating systems that are used exclusively for
permanent spa applications in existing buildings with gas availability.
Exception 5 to Section 110.4(c): Heating systems that are used exclusively for
permanent spa applications where there is an inadequate Solar Access Roof
Area (SARA) as specified in Section 150.l(c)l4 for a solar pool heating system
to be installed.
Exception 6 to Section 110.4(c): Gas-fueled heating equipment compliant with
federal appliance efficiency standards in areas with existing gas availability.
20. Section 8.15.010, entitled “Adoption of the California Historical Code” shall be
amended to read as follows:
Certain documents marked and designated as the “2022 2025 California Historical
Building Code,” published by the California Building Standards Commission, are
adopted to facilitate the preservation and continuing use of qualified historical buildings
or properties while providing reasonable safety for the building occupants and access
for persons with disabilities
Each and all of the regulations, provisions, conditions and terms therein, on file with the
building official, are referenced and made a part hereof as if fully set out in this chapter,
except as otherwise provided in this chapter.
21. Section 8.16.010, entitled “Adoption of the California Existing Building Code” shall
be amended to read as follows:
Certain documents marked and designated as the “2022 2025 California Existing
Building Code,” published by the California Building Standards Commission, are
adopted to promote public safety and welfare by reducing the risk or injury that may
result from the effects of earthquakes on existing unreinforced masonry bearing wall
buildings
Each and all of the regulations, provisions, conditions and terms therein, on file with the
building official, are referenced and made a part hereof as if fully set out in this chapter,
except as otherwise provided in this chapter.
22. Section 8.17.010, entitled “Adoption of the California Referenced Standards Code”
shall be amended to read as follows:
Certain documents marked and designated as the “2022 2025 California Referenced
Standards Code,” published by the California Building Standards Commission, are
hereby adopted
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Each and all of the regulations, provisions, conditions and terms therein, on file with the
building official, are referenced and made a part hereof as if fully set out in this chapter,
except as otherwise provided in this chapter.
23. Chapter 8.18, entitled “Wildland Urban Interface Code”, Section 8.18.010, entitled
“Adoption of the California Wildland-Urban Interface Code” and Section 8.18.020,
entitled “Amendments and Additions to the California Wildland-Urban Interface Code”
shall be added and read as follows:
Section 8.18.010 - Adoption of the California Wildland-Urban Interface Code
Certain documents marked and designated as the “2025 California Wildland-Urban
Interface Code”, including both provisions adopted by the State Fire Marshal (as
indicated by a “X”) and provisions not adopted by the State Fire Marshal (as indicated
by a “✝”) as set forth in the matrix of each chapter, and specifically Chapter 1, Division II
(except that Sections 103.2 and 112.3 are not adopted), and only sections A101
through A102.2, A102.4, A104, A105.1, A105.4 through A105.4.2, A106 through A106.2
and A107 through A107.5 of Appendix A, published by the California Building Standards
Commission are adopted to mitigate the risk to life and structures from intrusion of fire
from wild land fire exposures and fire exposures from adjacent structures and to
mitigate structure fires from spreading to wildland fuels.
Each and all of the regulations, provisions, conditions and terms therein, on file with the
building official, are referenced and made a part hereof as if fully set out in this chapter,
except as otherwise provided in this chapter.
Section 8.18.020 - Amendments and Additions to the California Wildland-Urban
Interface Code
A. APPLICABILITY,
1) A new Section 102.4.1.1 is added to Section 102.4.1 of the California
Wildland-Urban Interface Code to read as follows:
102.4.1.1 Application of the California Wildland-Urban Interface Code.
Where a conflict exists between the provisions of the California Fire Code and
the California Wildland-Urban Interface Code, the more restrictive provisions
shall apply.
B. DUTIES AND POWERS OF THE CODE OFFICIAL.
1) A new Section 104.l.l is added to Section 104.1 of the California Wildland-
Urban Interface Code to read as follows:
104.1.1 Authority of the Fire Chief, Chief Deputy, and Fire Department.
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1. The Fire Chief, Chief Deputy, or their designee is authorized and directed
to enforce all applicable State fire laws and provisions of this code and to
perform such duties as directed by the La Quinta City Council.
2. The Fire Chief, Chief Deputy, or their designee is authorized to administer,
interpret and enforce this code. Under the Fire Chief, Chief Deputy, or
their designee’s direction, the Riverside County Fire Department is
authorized to enforce City of La Quinta ordinances pertaining to the
following:
2.1. The prevention of fires.
2.2. The suppression or extinguishment of dangerous or hazardous fires.
2.3. The storage, use and handling of hazardous materials.
2.4. The installation and maintenance of automatic, manual and other
private fire alarm systems and fire extinguishing equipment.
2.5. The maintenance and regulation of fire escapes.
2.6. The maintenance of fire protection and the elimination of fire hazards
on land, in buildings, structures and other property, including those
under construction.
2.7. The maintenance of means of egress.
2.8. The investigation of the cause, origin and circumstances of fire and
unauthorized releases of hazardous materials.
3. The following persons are hereby authorized to interpret and enforce the
provisions of this code and to make arrests and issue citations as
authorized by law:
3.1. The Unit Chief, Peace Officers and Public Officers of the California
Department of Forestry and Fire Protection.
3.2. The Fire Chief, Peace Officers and Public Officers of the Riverside
County Fire Department.
3.3. The Riverside County Sheriff and any deputy sheriff.
3.4. The Police Chief and any police officer of any city served by the
Riverside County Fire Department.
3.5. Officers of the California Highway Patrol.
3.6. Code Compliance Officers of the City of La Quinta.
3.7. Peace Officers of the California Department of Parks and Recreation.
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3.8. The law enforcement officer of the Federal Bureau of Land
Management.
2) Section 104.2 of the California Wildland-Urban Interface Code is deleted and
replaced with the following:
104.2 Determination of compliance. The fire code official shall have the
authority to determine compliance with this code, to render interpretations of
this code and to develop policies, procedures, guidelines, standards, and
information bulletins in order to clarify the application of its provisions. Such
interpretations, policies, procedures:
1. Shall be in compliance with the intent and purpose of this code.
2. Shall not have the effect of waiving requirements specifically provided for
in this code.
3. Shall be enforceable as part of this code.
3) Sections 104.8 and 104.8.1 of the California Wildland-Urban Interface Code
are deleted in their entirety and replaced with the following:
104.8 Liability. Any liability against Riverside County and City of La
Quinta or any officer or employee for damages resulting from the
discharge of their duties shall be as provided by law.
C. PERMITS.
1) Section 105.2 of the California Wildland-Urban Interface Code is deleted in
it’s entirety and replaced with the following:
105.2 Permits Required. Unless otherwise exempted, buildings or structures
regulated by this code shall not be erected, constructed, altered, repaired,
moved, removed, converted, demolished or changed in use or occupancy
unless a separate permit for each building or structure has first been obtained
from the code official.
For buildings or structures erected for temporary uses, see Section A108.3.
Where required by the code official, a permit shall be obtained for the
following activities, operations, practices or functions within a wildland-urban
interface area:
1. Automobile wrecking yard.
2. Candles and open flames in assembly areas.
3. Explosives or blasting agents.
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4. Fireworks.
5. Flammable or combustible liquids.
6. Hazardous materials.
7. Liquefied petroleum gases.
8. Landscape and fuel modification zones.
9. Lumberyards.
10. Motor vehicle fuel-dispensing stations.
11. Open burning.
12. Pallet Yards.
13. Pyrotechnical special effects material.
14. Tents, canopies and temporary membrane structures.
15. Tire storage.
16. Welding and cutting operations.
D. FEES.
1) Section 108.2 of the California Wildland-Urban Interface Code is deleted in its
entirety and replaced with the following:
108.2 Schedule of permit fees. Fees for services and permits shall be as set
forth by fee resolution of the City Council.
2) A new Section 108.7 is added to Section 108 of the California Wildland-Urban
Interface Code to read as follows:
108.7 Cost recovery. Pursuant to California Health and Safety Code sections
11374.5(b)(1 ), 13009 et seq., 25259.4, 25515(a), 25540(a), 25541 (a),
California Government Code sections 53150 et seq, and all other provisions
of law, all costs incurred by the Riverside County Fire Department for the
inspection and enforcement of any provision of these Codes, the investigation
of any fire, explosion or other hazardous condition, the suppression of fire, the
response to a traffic collision or accident, the containment and/or mitigation of
a hazardous materials release, and any rescue or rendering of medical or
physical aid or assistance, may be charged to any responsible party, any
person who violates these Codes or any person who, due to a negligent or
unlawful act or omission, is responsible for or requires or causes the
emergency response of Riverside County Fire Department. Any expense
incurred by the Riverside County Fire Department for such an emergency
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response shall constitute a debt of such person and shall be collectible by the
County and City of La Quinta in the same manner as in the case of an
obligation under contract, express or implied. These provisions shall be
applied uniformly against all such persons in violation of a Penal Code,
Vehicle Code, Health and Safety Code or other state law statutory violation;
only a county and/or city official shall have authority to reduce or cancel the
debt obligation arising from the incident.
E. INSPECTION AND ENFORCEMENT
1) Section 109.3.7 of the California Wildland-Urban Interface Code is deleted in
its entirety and replaced with the following:
109.3.7 Violation and penalties. It shall be unlawful for any person, firm,
corporation or association of persons to violate any provision of this code, or
to violate the provisions of any permit granted pursuant to this code.
Punishments and penalties for violations shall be in accordance with
California Health and Safety Code Sections 17995 through 17995.5 and
Government Code Section 51185.
F. DEFINITIONS.
1) Section 202, definition of "Fire Chief” in the California Wildland-Urban
Interface Code is deleted in its entirety and replaced with the following:
FIRE CHIEF. The Fire Chief of Riverside County or the Fire Chief’s designee.
G. WILDLAND-URBAN INTERFACE AREA DESIGNATIONS.
1) Section 302.1.1 is added to Section 302.1 of the California Wildland-Urban
Interface Code to read as follows:
302.1.1 Designation of Fire Hazard Severity Zones. The La City Council
has adopted the recommendations of the State Fire Marshal made pursuant
to Government Code section 51178 and designated those areas within the
City as moderate, high, and very high fire hazard severity zones as shown on
the Local Responsibility Area Fire Hazard Severity Zones Maps published by
the Office of the State Fire Marshal.
H. SPECIAL BUILDING CONSTRUCTION REGULATIONS.
1) Section 501.1 of the California Wildland-Urban Interface shall be amended as
follows:
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501.1 Scope. Buildings and structures in a wildland-urban interface area shall
be constructed in accordance with the California Building Code and this code.
For the purpose of this Chapter, a wildland-urban interface area shall be
defined as a geographical area identified by the state as a “Fire Hazard
Severity Zone” in accordance with the Public Resources Code Sections 4201
through 4204 and Government Code Sections 51175 through 51189, and
other areas designated by the enforcing agency to be at a significant risk from
wildfires, and shall include those areas designated as moderate, high, and
very high fire hazard severity zones based on recommendations from the
State Fire Marshal pursuant to Government Code Section 51178.
Exceptions:
1. Group U accessory structures not exceeding 120 square feet (11 m2) in
floor area where located not less than 50 feet (15 240 mm)
from applicable buildings.
2. Group U agricultural buildings not less than 50 feet (15 240 mm)
from applicable buildings.
I. FIRE PROTECTION PLANS.
1) Section 602.1 of the California Wildland-Urban Interface Code is amended as
follows:
602.1 General. A fire protection plan shall be submitted to the Fire Code
Official for any proposed subdivision of land or building project. The fire
protection plan shall be prepared to determine the acceptability of fire
protection and life safety measures designed to mitigate wildfire hazards
presented for the property under consideration.
The fire protection plan shall be prepared by a registered design professional,
qualified landscape architect, qualified fire safety specialist or similar
specialist acceptable to the code official and shall analyze the wildfire risk of
the building, project, premises or region to recommend necessary changes.
Submittal of a preliminary fire protection plan shall be required prior to the
submission of a final fire protection plan.
Exception: A single-family dwelling (Group R-3 Occupancy) when located on
an existing legal parcel.
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2) Section 602.3.2 of the California Wildland-Urban Interface Code is amended
as follows:
602.3.2 Final Fire Protection Plan. Final fire protection plan shall include
items listed in Section 602.3.1 and the following:
1. A map identifying all proposed plants in the fuel modification zones with a
legend that includes a symbol for each proposed plant species. The plan
shall include specific information on each species proposed, including but
not limited to:
1.1. The plant life-form;
1.2. The scientific and common name; and
1.3. The expected height and width for mature growth.
2. Identification of irrigated and non-irrigated zones.
3. Requirements for vegetation reduction around emergency access and
evacuation routes.
4. Identification of existing vegetation proposed to remain.
5. Identification of points of access for equipment and personnel to maintain
vegetation in common areas.
6. Methods and timetables for controlling, changing, or modifying areas on
the property.
7. Legally binding statements regarding community responsibility for
maintenance of fuel modification zones.
8. Legally binding statements to be included in covenants, conditions and
restrictions regarding property owner responsibilities for vegetation
maintenance.
J. VEGETATION PLAN.
1) Section 603.1 of the California Wildland-Urban Interface Code is amended as
follows:
603.1 General. Planting of vegetation for new and replacement landscaping
shall be selected to reduce vegetation in proximity to a structure and to
maintain vegetation as it matures.
2) Section 603.3 of the California Wildland-Urban Interface Code is amended as
follows:
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603.3 Landscape and Fuel Modification plans. Landscape and Fuel
Modification plans shall be submitted for any project located in a WUI area.
The landscape and Fuel Modification plan shall include development and
maintenance requirements for the vegetation management zone adjacent to
structures and roadways, and to provide significant fire hazard reduction
benefits for public and firefighting safety.
3) Section 603.3.1 of the California Wildland-Urban Interface Code is amended
as follows:
603.3.1 Contents. Landscape plans shall contain the following:
1. Delineation of the 5-foot (1524 mm) (Zone 0), 30-foot (9144 mm) (Zone 1)
and 100-foot (30 480 mm) (Zone 2) fuel management zones from all
structures.
2. Identification of existing vegetation to remain and proposed new
vegetation.
3. Identification of irrigated areas.
4. A plant legend with both botanical and common names, and identification
of all plant material symbols.
5. Identification of ground coverings within the 30-foot (9144 mm) zone.
K. MAINTENANCE OF DEFENSIBLE SPACE.
1) Section 604.1 of the California Wildland-Urban Interface Code is amended as
follows:
604.1 General. Vegetation and fuels shall be managed to reduce the severity
of potential exterior wildfire exposure to buildings and to reduce the risk of fire
spreading to buildings as required by applicable laws and regulations.
2) Section 604.3 of the California Wildland-Urban Interface Code is amended as
follows:
604.3 Requirements. Vegetation and fuels around all buildings and
structures shall be maintained in accordance with the following laws and
regulations:
1. Public Resources Code, Section 4291.
2. California Code of Regulations, Title 14, Division 1.5, Chapter 7,
Subchapter 3, Article 3, Section 1299.03.
3. California Government Code, Section 51182.
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4. California Code of Regulations, Title 19, Division 1, Chapter 1, Subchapter
1, Article 3, Section 3.07.
5. The requirements of the California Wildland-Urban Interface Code and
Riverside County Fire Department Guidelines.
3) Section 604.3.1 is added to Section 604.3 of the California Wildland-Urban
Interface Code to read as follows:
604.3.1 Retroactivity. When required by the Fire Code Official, or State Law,
existing Defensible Space/Fuel Modification Zones (FMZ) shall require
retrofitting, including thinning and/or removal of plants, trees, and vegetation,
to meet this code or State Law. Upon notification by the Fire Code Official,
and when approved, work to bring an existing Defensible Space and FMZ into
compliance with this code, may be done over a two to four (2-4) year period
as determined by the Fire Code Official. A compliance plan prepared by the
property owner may be requested for review and approval by the Fire Code
Official.
4) Section 604.6 is added to the California Wildland-Urban Interface Code to
read as follows:
604.6 Clearance of brush, vegetative growth, and combustible material
from improved parcels. All improved parcels declared a Public Nuisance
shall be cleared entirely of combustible material. If the Fire Code Official
determines this impractical, the provisions of Section 604.7 may be used.
5) Section 604.7 is added to the California Wildland-Urban Interface Code to
read as follows:
604.7 Clearance of fuels or vegetative growth from structures. Clearance
of fuels and vegetative growth from structures shall be per sections 604.7.1
through 604.7.4 of this code.
6) Section 604.7.1 is added to the California Wildland-Urban Interface Code to
read as follows:
604.7.1 Structures. Any person owning, leasing, controlling, operating, or
maintaining any building or structure in, upon, or adjoining any FHSZ,
governed by this section, and any person owning, leasing, or controlling any
land adjacent to such buildings, shall at all times maintain around and
adjacent to such building, an effective firebreak made by removing and
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clearing away, all combustible material on their property for a distance not
less than 100 feet from all portions of the building.
Distances may be increased by the Fire Code Official due to a site-specific
analysis based on local conditions and when required, based on a Fire
Protection Plan. This section shall not apply to single specimens or stands of
protected species of trees, Ornamental Landscape or similar plants used in
landscaping and ground covers, that are well-pruned, maintained, and
spaced, and do not form a means of rapidly transmitting fire from other
nearby vegetation to a structure or from a structure to other nearby vegetation
or to interrupt the advance of embers toward a structure.
7) Section 604.7.2 is added to the California Wildland-Urban Interface Code to
read as follows:
604.7.2 Timing for new buildings and additions to existing buildings.
The provisions of Section 604.7 shall be completed prior to vertical
construction of any New Building or addition to an Existing Building.
8) Section 604.7.3 is added to the California Wildland-Urban Interface Code to
read as follows:
604.7.3 Photovoltaic Systems. The clearance requirements around
freestanding photovoltaic systems and equipment shall comply with the
following:
1. A minimum 10-foot clearance for clusters of panels not exceeding 1,500
square feet of combined panel area.
2. A minimum of 30-foot clearance for clusters of panels greater than 1,500
square feet of combined panel area.
3. Clusters shall be separated by a minimum of 20 feet.
4. Panels and clusters shall be not located within 30 feet of any Building
subject to clearance requirements of Section 604 unless the clearance
requirements of Section 604 are provided as measured from the perimeter
of the panel or cluster.
9) Section 604.8 is added to the California Wildland-Urban Interface Code to
read as follows:
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604.8 Defensible Space clearance zones and requirements. The required
100-foot Defensible Space clearance is identified in three (3) distinct zones:
Zone 0, 1, and 2.
10) Section 604.8.1 is added to the California Wildland-Urban Interface Code to
read as follows:
604.8.1 Requirements. Defensible Space shall be in accordance with the
requirements of Appendix A of this code, Riverside County Fire Department
Guidelines and the specific requirements for each zone listed in Sections
604.8.2 through 604.8.5.
11) Section 604.8.2 is added to the California Wildland-Urban Interface Code to
read as follows:
604.8.2 Zone 0 purpose and location. Zone 0 reduces the likelihood of
structure ignition by reducing the potential for direct ignition of the structure
from flame contact, by embers that accumulate at the base of a wall, and/or
indirect ignitions when embers ignite vegetation, vegetative debris, or other
combustible materials located close to the structure that result in either a
radiant heat and/or a direct flame contact exposure to the structure.
Zone 0 is the horizontal area within the first five (5) feet around the structure,
including stairs, balconies, attached or adjacent decks, and outbuildings.
Zone 0 is measured from the edge of a structure, attached or adjacent decks,
patio covers, balconies, and floor projections above-grade. Zone 0 also
includes the area on the roof of a building, and underneath and on top of
attached decks, patio covers, balconies, and stair landings.
Advisory Notice: Riverside County Fire Department has local Zone 0
requirements currently in effect for new Buildings and additions to
existing Buildings. New State regulations for Zone 0 are currently under
development by the State Board of Forestry and Fire Protection. Any
State regulation more restrictive than this code shall apply. This may
require thinning and/or removal of plants, trees, and vegetation to meet
State Law and regulations.
12) Section 604.8.2.1 is added to the California Wildland-Urban Interface Code to
read as follows:
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604.8.2.1 Non-Combustible Zone 0 for New Buildings, additions to
Existing Buildings, and new or replacement landscape. Fuels, including
Combustible Materials and vegetation, are prohibited in Zone 0 for all New
Buildings, additions to Existing Buildings, installation of new landscape, and
refurbishment of existing landscape areas.
The application date of Section 604.8.2.1 shall be the later application date
when any of the following occur:
1. Fire Department Clearance for a New Building or addition to an Existing
Building.
2. Building permit for a New Building or addition to an Existing Building.
3. Landscape plans submitted for Riverside County Fire Department review.
4. Replacement of landscape when landscape plans are not required.
13) Section 604.8.2.2 is added to the California Wildland-Urban Interface Code to
read as follows:
604.8.2.2 Additional requirements in Zone 0.
1. New and existing tree canopies are prohibited within 10 feet
of New Buildings, including the addition portion to Existing Buildings.
Exception: Existing protected oak trees shall be trimmed to provide a
minimum 5-foot clearance above the roof and 5 feet to the side of any
New Building, or the addition portion to an Existing Building.
2. Landscaped roofs are prohibited.
3. Vegetation underneath decks is prohibited.
4. Other Combustible Materials underneath any deck, not part of the deck
structure itself, shall be removed.
5. Artificial or synthetic grass is prohibited within Zone 0.
6. Vines and climbing plants are not allowed on structures, including decks,
patio/shade structures, and any fences within 5 feet of a Building.
7. Combustible mulch and wood chips are prohibited.
8. Firewood is prohibited.
9. All fencing and gates shall be non-combustible. See Section 604.11.
14) Section 604.8.2.3 is added to the California Wildland-Urban Interface Code to
read as follows:
604.8.2.3 Zone 0 requirements for Existing Buildings.
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15) Section 604.8.2.3.1 is added to the California Wildland-Urban Interface Code
to read as follows:
604.8.2.3.1 Zone 0 restrictions. The following requirements apply within
Zone 0 for all Existing Buildings with landscape installed prior to January 1,
2026:
1. No combustible landscape mulch or wood chips.
2. No firewood.
3. No vegetation underneath decks.
4. Other Combustible Materials underneath any deck, not part of the deck
structure itself, shall be removed.
5. Roofs and gutters on Buildings shall be maintained free of any leaves,
needles, or other vegetative Combustible Materials.
6. The vertical clearance distance for trees and vegetation above any roof
shall be not less than 3 feet.
7. A minimum 3-foot clearance of trees and vegetation shall be provided to
the side and above any eave or roof projection from the exterior wall of a
Building. A minimum 3-foot clearance of trees and vegetation shall be
provided below any eave or roof projection. This requirement also applies
to any patio cover or other Building projections.
8. New trees are not allowed.
9. New or replacement landscaping shall comply with Sections 604.8.1,
604.8.2.1, and 604.8.2.2.
16) Section 604.8.3 is added to the California Wildland-Urban Interface Code to
read as follows:
604.8.3 Zone 1 purpose and location. Zone 1 reduces the likelihood of fire
burning directly to the structure. This is accomplished by modifying Fuels and
creating a discontinuity between planting groups that limits the pathways for
fire to burn to the structure and reduces the potential for near-to-building
ember generation and radiant heat exposures. An additional purpose of this
zone is to provide a defendable area for fire personnel to stage and take
direct action.
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Zone 1 is the area within 5-30 feet of structures and decks, with slopes not
greater than 20 percent; 5-50 feet from Buildings and decks, when slopes are
greater than 20 percent.
17) Section 604.8.3.1 is added to the California Wildland-Urban Interface Code to
read as follows:
604.8.3.1 Requirements and allowable items. This is a minimal planting
zone which includes very limited trees of a fire-smart type with additional
spacing provided. Plants and other vegetation shall be in accordance with
Appendix A of this code and Riverside County Fire Department Guidelines.
18) Section 604.8.4 is added to the California Wildland-Urban Interface Code to
read as follows:
604.8.4 Zone 2 purpose and location. Zone 2 is designed to reduce the
potential behavior of an oncoming fire in such a way as to drop an
approaching fire from the crown of trees to the ground, reducing the flame
heights, and the potential for ember generation and radiant heat exposure to
structures. Additional benefits of the Zone 2 include facilitating direct defense
actions and improving the function of Zones 0 and 1.
Zone 2 is the area from the outer edge of Zone 1 to 100 feet from structures
and decks.
19) Section 604.8.4.1 is added to the California Wildland-Urban Interface Code to
read as follows:
604.8.4.1 Requirements and allowable items. Plants and other vegetation
shall be in accordance with Appendix A of this code and Riverside County
Fire Department Guidelines.
20) Section 604.8.4.2 is added to the California Wildland-Urban Interface Code to
read as follows:
604.8.4.2 Spacing. Spacing of vegetation and trees at the outer edge of Zone
2 shall be based upon the height of the vegetation within Zone 2 or the
adjacent area beyond the 100-foot zone, whichever provides for the greater
spacing. This may require clearance outside the 100-foot zone or setting back
vegetation and trees within Zone 2 away from the 100-foot line.
21) Section 604.8.5 is added to the California Wildland-Urban Interface Code to
read as follows:
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604.8.5 General requirements for Zone 0, 1, and 2.
22) Section 604.8.5.1 is added to the California Wildland-Urban Interface Code to
read as follows:
604.8.5.1 Dead and dying vegetation. All dead or dying grass, plants,
shrubs, trees, branches, leaves, weeds, and tree needles shall be removed.
23) Section 604.8.5.2 is added to the California Wildland-Urban Interface Code to
read as follows:
604.8.5.2 Mulch and wood chips within Zones 1 and 2. Use of combustible
Mulch and wood chips shall be in accordance with the requirements Riverside
County Fire Department Guidelines.
24) Section 604.8.5.3 is added to the California Wildland-Urban Interface Code to
read as follows:
604.8.5.3 Firewood. See Section 607.
25) Section 604.8.5.4 is added to the California Wildland-Urban Interface Code to
read as follows:
604.8.5.4 Clearance from chimney, stovepipe. Any portion of a tree or
shrub that extends within 10 feet horizontally or vertically of a chimney outlet
or stovepipe outlet shall be removed.
26) Section 604.8.5.5 is added to the California Wildland-Urban Interface Code to
read as follows:
604.8.5.5 Trees. New trees shall be planted and maintained so that the tree’s
drip line at maturity is a minimum of 10 feet from any combustible structure.
27) Section 604.8.5.5.1 is added to the California Wildland-Urban Interface Code
to read as follows:
604.8.5.5.1 Tree spacing. The horizontal distance between crowns of new
trees and crowns of adjacent trees shall not be less than 20 feet in Zone 1
and not less than 10 feet in Zone 2. Separation distance may be increased for
slopes exceeding 20 percent. Required spacing is measured between trees at
maturity.
28) Section 604.8.5.5.2 is added to the California Wildland-Urban Interface Code
to read as follows:
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29) 604.8.5.5.2 Ground clearance of trees. Trees exceeding 6 feet in height
shall be limbed up from the ground 6 feet or 1/3 the height of the tree,
whichever is less.
Exception: Fruit trees when approved by the Fire Code Official.
30) Section 604.8.5.5.3 is added to the California Wildland-Urban Interface Code
to read as follows:
604.8.5.5.3 Ground cover under tree canopy. When approved ground
cover and shrubs are located underneath trees, the vertical clearance to the
lowest branch of the tree canopy shall not be less than three times the height
of the ground cover or shrub under or adjacent to the tree. The horizontal
clearance shall be 3 feet from the trunk of the tree.
31) Section 604.8.5.6 is added to the California Wildland-Urban Interface Code to
read as follows:
604.8.5.6 Continuous tree canopies.
32) Section 604.8.5.6.1 is added to the California Wildland-Urban Interface Code
to read as follows:
604.8.5.6.1 New Structures. Continuous tree canopies are not allowed. Tree
spacing shall be in accordance with Riverside County Fire Department
Guidelines.
33) Section 604.8.5.6.2 is added to the California Wildland-Urban Interface Code
to read as follows:
604.8.5.6.2 Existing Structures. Continuous tree canopies may be allowed
as determined by the Fire Code Official but will require the complete removal
of any understory and smaller trees to meet requirements for a shaded fuel
zone. Any remaining trees shall be limbed up a minimum of 12 feet from the
ground or 1/3 the tree height, whichever is less. The intent is to not allow a
crown (canopy) fire to spread unchecked to a structure and to bring any
crown fire down to the ground level prior to Zone 1.
34) Section 604.8.5.7 is added to the California Wildland-Urban Interface Code to
read as follows:
604.8.5.7 Grasses. Natural or annual grasses shall be mowed to a maximum
height of 4-inch stubble with clippings removed.
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35) Section 604.9 is added to the California Wildland-Urban Interface Code to
read as follows:
604.9 Fire protection equipment and utilities. The clearance requirements
of Sections 604.7 and 604.8 shall apply to communication site towers and
their support Buildings; required fire protection water supplies, including water
tanks, water supply pumps, and pump houses; and any other utility Structure
as required by the Fire Code Official. The Fire Code Official may consider a
reduced distance, not less than 30 feet, for communication site towers, water
tanks, and Structures with no interior space, based upon a site risk
assessment. Also see Appendix A.
36) Section 604.10 is added to the California Wildland-Urban Interface Code to
read as follows:
604.10 Planting vegetation under or adjacent to energized electrical
lines. No vegetation shall be planted under or adjacent to energized power
lines that, at maturity, will grow within 10 feet of the energized conductors.
37) Section 604.11 is added to the California Wildland-Urban Interface Code to
read as follows:
604.11 Fencing.
38) Section 604.11.1 is added to the California Wildland-Urban Interface Code to
read as follows:
604.11.1 Scope. This section only applies to fences, including gates within
the fencing, within 5 feet of Building(s), including Decks, (Zone 0) that are in
an applicable Fire Hazard Severity Zone req by Chapter 6 of this code.
39) Section 604.11.2 is added to the California Wildland-Urban Interface Code to
read as follows:
604.11.2 New fencing. New fencing and gates shall be constructed of a non-
combustible material.
40) Section 604.11.3 is added to the California Wildland-Urban Interface Code to
read as follows:
604.11.3 Existing fencing. Fencing installed prior to January 1, 2026, may
remain.
Exception: The entire fencing not parallel and within 5 feet of the Building,
including gates within the fencing, shall be constructed of a non-combustible
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material when any portion of the existing fencing within 5 feet is being
replaced. Fencing beyond 5 feet from the Building is not required to be
replaced with non-combustible material.
L. STORAGE OF FIREWOOD AND COMBUSTIBLE MATERIALS.
1) Section 607.1 of the California Wildland-Urban Interface Code is amended to
read as follows:
607.1 General. Firewood and combustible materials shall not be stored in
unenclosed spaces beneath Buildings or Structures, or on Decks or under
eaves, canopies, or other projections or overhangs. Firewood piles shall be
located 30 feet (9144 mm) or more from structures unless completely covered
by a fire-resistant material. Exposed wood piles located within the defensible
space shall have a minimum clearance of 10 feet (3048 mm) down to bare
mineral soil in all directions. Firewood shall not be stored within Zone 0.
2) Section 607.1.1 of the California Wildland-Urban Interface Code is amended
to read as follows:
607.1.1 Combustible Materials. Combustible Materials, other than
vegetation, stored within Zones 1 and 2 shall not be stored so as to pose a
hazard to any Building. Piles shall not exceed 100 square feet of area and a
maximum height of 10 feet. Piles shall be separated by a minimum of 20-foot
clear area.
3) Section 607.2 of the California Wildland-Urban Interface Code is amended to
read as follows:
607.2 Storage for off-site use. Firewood and Combustible Materials not for
consumption on the premises shall not be stored within Zones 0, 1, and 2.
See Appendix A for storage requirements.
M. BUILDING SITING AND SETBACKS
1) Section 608.1.1 is added to the California Wildland-Urban Interface
Code to read as follows:
608.1.1 Restricted development setbacks. New Structures and
additions to existing Structures shall not be constructed less than
100 feet from any protected habitat, whether on the same or
adjacent Parcels, where the 100-foot Defensible Space required
under Section 604.7 cannot be provided, unless an alternate
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method of construction and protection is provided that can ensure
the safety of the Structure and emergency responders as approved
by the Fire Code Official. Protected habitat includes lands restricted
from brush clearance or modification due to Federal or State listed
endangered species. Protected habitat does not include sensitive
habitat areas.
2) Section 608.2 of the California Wildland-Urban Interface Code is
amended to read as follows:
608.2 General. All parcels shall provide a minimum 30-foot (9144
mm) setback for all buildings from property lines and the center of a
road, except as provided for in Section 608.2.1. [CCR T14
§1276.00(a)] This section applies to new Tract and Parcel maps,
new Buildings, and additions to Existing Buildings.
3. Section 608.2.1 of the California Wildland-Urban Interface Code is
amended to read as follows:
608.2.1 Setback reduction. A reduction in the minimum setback
shall be based upon practical reasons, which may include but are
not limited to, parcel dimensions or size; topographic limitations;
Development density requirements or other Development patterns
that promote low-carbon emission outcomes; sensitive habitat or
other site constraints, and shall provide for an alternative method to
reduce structure-to-structure ignition by incorporating a combination
of features such as, but not limited to:
1. Non-combustible block walls or fences; or
2. Non-combustible material extending 5 feet (1524 mm)
horizontally from the furthest extent of the building; or
3. Hardscape landscaping; or
4. A reduction of exposed windows on the side of the
structure with setback less than 30 feet (9144 mm). [CCR
T14 §1276.01]
N. RIDGELINES, FUEL BREAKS, AND GREENBELTS.
1. Section 609.2.7.1 is added to the California Wildland-Urban
Interface Code to read as follows:
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609.2.7.1 Greenbelts. Subdivisions and other developments, which
propose Greenbelts as a part of the development plan, shall locate
the Greenbelts strategically, as a separation between wildland fuels
and Structures. The locations shall be approved by the inspection
authority.
2. Section 609.2.7.2 is added to the California Wildland-Urban
Interface Code to read as follows:
609.2.7.2 Access to Greenbelts. A minimum of one (1) access
point shall be provided to new Greenbelts at an approved location
to allow for on-going maintenance and firefighter access. Additional
access points shall be provided when required by the Fire Code
Official.
O. APPENDIX A
1) Section A102.1 of the California Wildland-Urban Interface Code is amended
to read as follows:
A102.1 General. Vegetation control shall comply with Sections
A102.2 through A102.4 and with Chapter 6.
2) Section A105.1 of the California Wildland-Urban Interface Code is amended
to read as follows:
A105.1 General. In addition to the requirements of the California
Fire Code, California Wildland-Urban Interface Code Chapter 6,
and the La Quinta Municipal code - storage and use of the
materials shall be in accordance with Sections A105.2 through
A105.4.2.
3) Section A105.4 of the California Wildland-Urban Interface Code is amended
to read as follows:
A105.4 Combustible Materials. Outside storage of Combustible Materials such as, but
not limited to, wood, rubber tires, building materials, or paper products shall comply with
the other applicable sections of this code and this section. Storage of pallets shall be in
accordance with California Fire Code, Section 2810. Storage and processing of wood
chips, hogged materials, fines, Compost, Compostable Material, Mulch, solid biomass,
raw product, and combustible yard waste and recycle material shall be in accordance
with California Fire Code, Section 2808. 184
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No changes to the remainder of Title 8.
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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. (enter number) which was
introduced at a regular meeting on the (date) day of (month), (year), and was adopted at
a regular meeting held on the (date) day of (month), (year), 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. 2022-027.
________________________
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 day of , 2024, pursuant to
Council Resolution.
________________________
MONIKA RADEVA, City Clerk
City of La Quinta, California
186
ATTACHMENT 1
Summary of 2025 California Building Standards Code Updates
Items below are a summary of 2025 California Building Standards Code Updates that
will take effect on January 1, 2026.
Building Code:
Format modernization: The 2025 International Model Codes feature a more user-
friendly layout, including single-column text, modernized fonts, and QR codes
that link to details on technical changes.
Residential Group R-2 and Group R-3 in relation to non-transient hotels and
motels specifying that all non-transient hotels and motels, regardless of number
of guest rooms, shall be classified as Occupancy Group R-2.
Updates to egress requirements in high-occupancy spaces, including wider
corridors and stairwell lighting.
New requirements for third-party inspections on certain materials and systems.
Clearer protocols for reporting, documentation, and engineer-of-record
coordination.
Removed Chapter 7A, relocated to Part 7 – California Wildland-Urban Interface
Code.
Residential Code:
Definitions: Amended multiple definitions to eliminate references to chapters of
the International Residential Code (IRC) that are not adopted and not printed in
the California Residential Code (CRC). Repealed multiple existing California
definitions and adopted new model code definitions that contain the same
language.
Section R102.8 Added as a pointer to the new California Wildland-Urban
Interface Code.
Energy Code:
Updates prescriptive requirements for air-source heat pump water heaters
(HPWH); gas only if using performance (requires trade-offs).
Updates prescriptive requirements for space heating to heat pump equipment in
all climate zones; gas space heating only if using performance (requires trade-
offs).
187
Removes incandescent lamps and fluorescent lamps from JA8 (no longer
allowed for sale in California)
Updates mandatory requirements for ventilation and indoor air quality.
Updates PV sizing and adds additional building types to the mandatory PV and
Battery requirements for Nonresidential buildings.
Multifamily buildings get add electric-ready requirements such as receptacle,
condensate drain, designated space, and ventilation.
Electrical/Mechanical/Plumbing Codes:
GFCI protection is required in Kitchens regardless of whether the outlet serves
the countertop.
GFCI applies to receptacles new listed items include Electric ranges, wall
mounted ovens, clothes dryers and Microwave ovens.
EV charging system guidelines now include bi-directional power flow and safety
interlocks.
New refrigerant safety group classifications based on flammability and toxicity.
New design requirements for geothermal district ambient temperature loop (ATL)
systems.
New Part 7 – California Wildland-Urban Interface Code:
Uses the Fire Hazard Severity Zones that Council Adopted June 17 th, 2025, to
require “Very High”, “High” and “Moderate” Zones to do the following:
o Provide access, water supply, and a fire protection plan.
o Use special building construction, including the requirements for location
and design of the buildings and structures within the zones.
o Follow fire protection requirements, such as but not limited to, defensible
space, planted vegetation, location of LP-gas containers, storage of
firewood, and location and setback of buildings.
[END]
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ATTACHMENT 2
Summary of the 2025 California Building Standards Code Local Amendments
Item numbers below refer to the numbered items as noted in Exhibit “A” of the
Ordinance adopting the 2025 California Building Standards Code and amending Title 8
of the La Quinta Municipal Code (LQMC). No changes to policy or enforcement from
previous triennial code adoption unless otherwise noted.
1. Updates edition of adopted California Administrative Code.
2. Updates edition of adopted California Building Code, including Chapters and
Appendices to be adopted without any additional voluntary measures.
3. Readopts previous Code Amendment for wall and fence criteria that is exempt from
permit requirements per historic City practices (identified for local amendment filing
only).
4. Readopts previous Code Amendment for fire-sprinkler installation per Riverside
County Fire Authority (identified for local amendment filing only).
5. Readopts previous Code Amendment for Class A Rated Roof Covering Materials
per historic City practices (identified for local amendment filing only) and renaming
of section to align with “2025” code language.
6. Updates edition of adopted California Electrical Code only.
7. Readopts previous Code Amendment for Underground wiring per historic City
practices (identified for local amendment filing only).
8. Readopts previous Code Amendment for Copper wiring per historic City practices
(identified for local amendment filing only).
9. Updates edition of adopted California Plumbing Code only.
10. Adds Section 8.04.020, entitled “Amendments to the California Plumbing Code”, to
amend the Plumbing Code to permit the use of an occupant load table commonly
referenced by design professional that is not applicable to non-DSA / OSPHD
related occupancies.
11. Updates edition of adopted California Mechanical Code only.
12. Updates edition of adopted California Residential Code, including Chapters and
Appendices to be adopted without any additional voluntary measures.
13. Readopts previous Code Amendment for wall and fence criteria that is exempt from
permit requirements per historic City practices (identified for local amendment filing
only).
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14.Readopts previous Code Amendment for Class A Rated Roof Covering Materials
per historic City practices (identified for local amendment filing only) and renaming
of section to align with “2025” code language.
15. Updates edition of adopted California Green Building Standards Code only.
16. Updates edition of adopted California Fire Code with minor changes to adopted
sections as recommended by Fire Marshal.
17. Updates local amendments to the California Fire Code as recommended by Fire
Marshal.
18. Updates edition of adopted California Energy Code only.
19. Adds Section 8.14.020, entitled “Amendments to the California Energy Code”, to
amend the Energy Code to continue to permit the use of gas-fueled heating
equipment for pools and spas in areas with existing gas availability.
20. Updates edition of adopted California Historical Building Code only.
21. Updates edition of adopted California Existing Building Code only.
22. Updates edition of adopted California Referenced Standards Code only.
23. Adds Chapter 8.18, entitled “Wildland-Urban Interface Code”, Section 8.18.010,
entitled “Adoption of the California Wildland-Urban Interface Code” and Section
8.18.020, entitled “Amendments and Additions to the California Wildland-Urban
Interface Code” to adopt the California Wildland-Urban Interface Code with
amendments as recommended by Fire Marshal.
[END]
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City of La Quinta
CITY COUNCIL MEETING: December 2, 2025
STAFF REPORT
AGENDA TITLE: DISCUSS 2025-26 LEGISLATIVE UPDATES
RECOMMENDATION
Discuss 2025-26 legislative updates.
EXECUTIVE SUMMARY
Provided is a summary of certain 2025-26 legislative updates related to the Fair
Political Practices Commission and the Ralph M. Brown Act [Gov. Code § 54950 et
seq.] (Brown Act) affecting the City.
Staff seeks Council direction on the implementation of Senate Bill 707 (SB 707)
[Stats. 2025, Ch. 327, Durazo] related to conducting public meetings pursuant to the
Brown Act.
FISCAL IMPACT – None.
BACKGROUND/ANALYSIS
Fair Political Practices Commission (FPPC)
Government Code §§ 53234 and 53238 [SB 827, Stats. 2025, Ch. 661, Gonzalez] –
operative January 1, 2026 – fiscal and financial training and department heads
This bill expands the list of local agency officials required to complete 2 hours of ethics and
harassment prevention training every 2 years to include “department heads, or other similar
administrative officers,” as defined; and adds a requirement to also complete 2 hours of
fiscal and financial training every 2 years, as defined.
The City already requires all elected and appointed officials, as well as all department heads
and other similar administrative officers to complete 2 hours of ethics and harassment
prevention trainings every 2 years.
The City’s Human Resources Department has confirmed with the California Joint Powers
Authority (CJPIA) that updates are underway to incorporate this newly required 2-hour fiscal
and financial training to their existing ethics training program, which must be completed by
all designated positions before January 1, 2028, and within 6 months from the 1 st day of
service for officials commencing service after January 1, 2026.
STUDY SESSION ITEM NO. 1
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1)Include “digital financial assets,” as defined in Financial Code § 3102,
2) Requires public officials to specifically disclose interests in such investment, and
3) Requires the agency’s conflict of interest code to specify this as well, among other
minor revisions.
The next annual update of the City’s Conflict of Interest Code, Chapter 2.60 of the La Quinta
Municipal Code, anticipated to be completed in the 3 rd quarter of 2026 will include the
additional reference to “digital financial assets.”
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Once finalized, Human Resources will coordinate with the City Clerk’s Office to ensure the
fiscal and financial training requirement is satisfied. CJPIA continues to serve as a valuable
resource to the City, and the updated training will be provided at no cost to member
agencies, representing the most cost-effective solution for the City.
This bill initially required that all certificates for the above noted trainings be made available
electronically via the agency’s website, which was removed from the final text of the bill and
was instead replaced with only requiring agencies to add a statement on the agency’s
website that such training certificates can be obtained via a request for public records.
However, as similar requirements have been included in legislative amendments in the past,
and the trend to make records available digitally on agency’s websites continues to become
more predominant, the Clerk’s Office is working on making this available through the City’s
public digital archive, Laserfiche, which can be easily accommodated, and staff anticipates
completing this effort by June 2026.
Government Code § 87500 [SB 852, Stats. 2025, Ch. 331, Committee of Elections and
Constitutional Amendments] – operative January 1, 2026 – public officials managing
public investments
Related to Statements of Economic Interest (Form 700), this bill adds public officials who
manage public investments to the list of individuals for whom the FPPC is the filing officer
for Forms 700, which must be filed electronically using the FPPC electronic filing system.
Public officials who manage public investments are defined in FPPC § 18700.3(b), and staff
has identified that in addition to the Finance Director / Treasurer and City Manager who
already file Form 700 electronically with the FPPC, the Finance Manager and Principal
Management Analyst in the Finance Department, as well as the members of the Financial
Advisory Commission would also qualify under the new regulations, and effective January
1, 2026, those officials will file their Form 700 via the FPPC electronic filing system. Staff
has issued notices to the relevant officials.
Government Code (GC) §§ 82034, 87206, and 87302 [AB 1029, Stats. 2025, Ch. 85,
Valencia] – operative January 1, 2027 – digital financial investment
Related to Statements of Economic Interest (Form 700), this bill expands the definition of
“investment” for purposes of the Political Reform Act of 1974 to:
Government Code §§ 82004.2 and 87207.5 [AB 1286, Stats. 2025, Ch. 186, Boerner] –
operative January 1, 2026 – prospective employment
Related to Statements of Economic Interest (Form 700), this bill requires specified public
officials, as defined under GC § 87200, to disclose arrangements for prospective
employment according to specified deadlines. An “arrangement for prospective
employment” is defined as an agreement pursuant to which a prospective employer’s offer
of employment has been accepted by the prospective employee.
The FPPC has indicated that a new Form 700-P may be implemented for this new reporting
requirement. Staff is monitoring how this is progressing and will provide an update once the
FPPC has made a decision.
Ralph M. Brown Act (Brown Act)
Government Code § 54950 et seq. [SB 707, Stats. 2025, Ch. 327, Durazo] – provisions
operative January 1 and July 1, 2026 – public meetings teleconferencing, eligible
legislative bodies, policy, language translation and interpretation, outreach, social
media, etc.
I. Teleconferencing – effective July 1, 2026, through January 1, 2030
Teleconferencing – Legislative Body – Traditional Teleconference – GC § 54953(b)(3)
Traditional teleconferencing procedures remain unchanged.
Teleconferencing – Legislative Body – Reasonable Accommodation – GC § 54953(b)(4)
Teleconference may be used for all purposes in connection with any meeting within the
subject matter jurisdiction of the legislative body.
1) All votes shall be by roll-call.
2) “Reasonable accommodation” – allows remote participation as a reasonable
accommodation pursuant to any applicable law (i.e. disability, etc.).
a. Requires both audio and visual participation, except for physical condition
related to a disability resulting in a need to participate off camera.
b. Disclose before any action is taken, whether any other individuals are present in
the room at the remote location, that are 18-years of age or older and the general
nature of the member’s relationship to those individuals.
c. Remote participation for “reasonable accommodation” shall be treated as in-
person attendance at the physical meeting location for all purposes, including
requiring a quorum of the legislative body.
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3) Report-out shall be announced orally of any action taken and the vote or abstention of
each member present.
4) Salaries and fringe benefits report-out [GC § 54953(d)(3)] – adds “department head or
other similar administrative officer of the local agency” – La Quinta has included such
positions in its verbal announcements pursuant to this section since this statutory
requirement was implemented in 2017 [formerly GC § 54953(c)(3)].
5) Teleconference does not include watching or listening to a meeting via webcasting
or other similar medium that does not permit members to interactively speak, discuss,
or deliberate on matters.
Teleconferencing – Eligible Legislative Body, Public Participation, Policy – GC § 54953.4
1) Eligible Legislative Body – GC § 54953.4(e)(2)(A)
The statute includes several definitions for an “eligible legislative body,” and the one
applicable to La Quinta is “A city council of a city with population of 30,000 or more.”
2) Two-way telephonic service or two-way audiovisual platform – subdivision (b),
subparagraph (1) (A) (i) (I) (ia)
All open and public meetings shall include an opportunity for members of the public to
attend via a two-way telephonic service or a two-way audiovisual platform , except if
adequate telephonic or internet service is not operational at the meeting location.
3) Closed Caption for two-way audiovisual platform – subdivision (b), subparagraph (1)
(A) (i) (II) (ii)
The statute requires that if an eligible legislative body elects to provide a two-way audiovisual
platform to publicly post and provide a call-in option, and to activate any automatic captioning
function during the meeting, if one is available.
Staff will implement the use of Zoom Webinar audiovisual platform to accommodate the new
requirements under (2) and (3) above and allow for real-time audio public participation
during open session for public meetings of the eligible legislative body, as similarly used
during the COVID-19 pandemic, and currently available to use if triggered pursuant to
GC § 54953(f) [AB 2449, Stats. 2022, Ch. 285, Rubio] which was set to sunset January 1,
2026, but was made permanent via SB 707.
Further, the automatic closed caption and translation features will be enabled and
made available to all teleconference participants.
4) Adopt Teleconference Policy – subdivision (b), subparagraph (1) (A) (i) (ib)
The statute requires an eligible legislative body to adopt a policy, before July 1, 2026, in
open session but not on the Consent Calendar, regarding disruption of telephonic or
internet services during public meetings to recess the open session for at least 1
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hour, or until service is restored, whichever is earlier, to make good faith attempts to
restore the services.
Upon reconvening the open session, if the telephonic or internet service has not been
restored, the legislative body shall adopt a finding by roll-call vote that good faith
efforts to restore service were made in accordance with the teleconference policy and
that the public interest in continuing the meeting outweighs the public interest in remote
public access.
Staff is updating the City’s Rules of Procedure for Public Meetings to include language for
this new requirement, which will be brought for Council consideration in quarter-1 of 2026.
5) Translation – subdivision (b), subparagraph (2) (A)
The legislative body shall reasonably assist members of the public who request
translation or interpretation during its public meeting, and shall publicize instructions
on how to request assistance.
The statute provides that the legislative body is not responsible for the content or
accuracy of any interpretation facilitated, assisted with, or provided under this
subdivision.
The “Translation, Closed Caption, Interpretation, and Disability Accessibility” section of the
City’s “Public Meetings’ webpage (https://www.laquintaca.gov/business/city-clerk/meetings) already
includes information to this effect, as well as the published agenda under the “Public Notices”
and “Teleconference” sections.
Of note, the City’s video streaming service (Cablecast) for live public meetings as well as its
video archive has for years included closed caption in English and Spanish. The City will
also activate the automatic translation available through the Zoom Webinar audiovisual
platform which will be available and accessible in real-time to all teleconference participants.
In-person interpretation services require a 72-hour advance notice in order to secure a
licensed professional interpreter; a 24-hour advance notice is recommended for hearing
assistance special equipment.
Teleconferencing – Legislative Body and Just Cause – GC §§ 54953.8 and 54953.8.3
Teleconference meetings shall include all of the following:
1) Two-way audiovisual platform, or a two-way telephonic service and a live webcasting
of the meeting.
2) Agenda shall include notice of the means the public may access the meeting.
3) Agenda shall include the ability for the public to attend via a call-in or an internet-
based service option.
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4) In the event of a disruption that prevents the legislative body from broadcasting the
meeting to the public using the call-in or internet-based service option, no further
action shall be taken on agenda items until public access is restored.
5) Public comments shall not be required to be submitted in advance, and an opportunity
for real-time participation must be provided.
6) The agency may require the public to register to attend via teleconference if the online
platform, not under the control of the legislative body, requires registration.
7) Timed public comment period shall be provided for teleconference attendees in the
same manner as for in-person attendees.
8) Disclose before any action is taken, whether any other individuals are present in the
room at the remote location, that are 18-years of age or older and the general nature
of the member’s relationship to those individuals.
9) A quorum of the members of the legislative body must participate in-person from a
singular physical location clearly identified on the agenda, which location shall be
open to the public and within the territorial boundaries of the agency.
10) A member of the legislative body notifies the legislative body at the earliest
opportunity possible, including at the start of a regular meeting, of their need to
participate remotely for just cause, including a general description of the
circumstances relating to their need to appear remotely.
11) Remote participation for just cause is limited to 5 meetings per year, if the legislative
body regularly meets twice per month, with multiple meetings held concurrently on
the same day counting as an individual meeting each towards the total number of
remote participations allowed.
12) The member shall participate via both audio and visual technology.
13) All votes shall be by roll-call.
14) Report-out shall be announced orally of any action taken and the vote or abstention
of each member present.
15) The minutes shall note any member of the legislative body attending via
teleconference.
16) The minutes shall note the specific provision each member relied upon to participate
remotely for just cause, without the need to disclose medical diagnosis or disability,
or any personal medical information.
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17) Just cause is expanded to include the following:
a. Childcare or caregiving need of a child, parent, grandparent, grandchild,
sibling, spouse, or domestic partner.
b. Contagious illness that prevents the member from attending in-person.
c. Need related to physical or mental condition.
d. Travel while on official business of the legislative body or another state or local
agency.
e. Immunosuppressed child, parent, grandparent, grandchild, sibling, spouse, or
domestic partner of the member.
f. Physical or family medical emergency that prevents the member from
attending in-person.
g. Military service obligations resulting in a member being unable to attend in-
person because they are serving under official written orders for active duty,
drill, annual training, or any other duty required.
Teleconferencing – Eligible Subsidiary Body – GC § 54953.8.6
The legislative body may authorize an “eligible subsidiary body” to conduct public meetings
via teleconference as detailed below.
“Eligible subsidiary body” is defined as a legislative body that meets all of the following:
1) Commission, committee, board, or other body of a local agency, whether permanent
or temporary, decision-making or advisory, created by charter, ordinance, resolution,
or formal action of the legislative body [GC § 54952(b)].
2) Serves exclusively in an advisory capacity.
3) Is not authorized to take final action on legislation, regulations, contracts, licenses,
permits, or any other entitlements, grants, or allocation of funds.
4) Does not have primary subject matter jurisdiction, as defined by the charter, an
ordinance, a resolution, or any formal action of the legislative body that created the
subsidiary body, that focuses on elections, budgets, police oversight, privacy,
removing from, or restricting access to, materials available in public libraries, or taxes
or related spending proposals.
Meetings:
1) One physical location shall be designated within the boundaries of the legislative
body.
2) The member shall participate via both audio and visual technology, except if the
member
a) has a physical or mental condition that results in a need to participate off camera,
or
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b) when video appearance would be technologically infeasible, including, but not
limited to, when the member experiences a lack of reliable broadband or internet
connectivity; and if the latter, the member shall announce the reason for their
non-appearance prior to turning off their camera.
3) The legislative body shall by charter, ordinance, resolution, or other formal action
make certain findings by majority vote before the eligible subsidiary body may use
teleconferencing for the 1st time, and every 6 months thereafter.
4) After the legislative body makes the findings described in (3) immediately above, the
eligible subsidiary body shall approve the use of teleconferencing by majority vote
before using teleconferencing pursuant to this section.
5) The legislative body may elect to prohibit the eligible subsidiary body from using
teleconferencing.
Enumerated below are the City commissions that qualify under the definition of an “eligible
subsidiary body” for which Council and the Housing Authority may elect to authorize to
conduct public meetings via teleconference:
Arts and Community Services Commission – advisory to Council
Financial Advisory Commission – advisory to Council
Housing Commission – advisory to the Housing Authority
Staff seeks direction on the manner public meetings should be conducted for its “eligible
subsidiary bodies.”
Of note, the City’s Planning Commission (PC) and the Construction Board of Appeals (CBA),
do not meet the definitions of an “eligible legislative body” or an “eligible subsidiary
body” as they are not the “city council” of a local agency nor serving “exclusively in advisory
capacity,” as they both are quasi-judicial bodies, have some of the characteristics of a court
and their decisions are legally binding on individual projects based on established laws and
criteria, pursuant to the powers and authority prescribed by GC § 65100 et seq. and Health
& Safety Code (HSC) § 17920 et seq., respectively.
As such, the Brown Act does not include specific regulations on the manner in which public
meetings should be conducted, including not imposing specific teleconference
requirements.
Staff seeks direction on the manner public meetings should be conducted for the PC and
CBA, and whether to include the additional teleconference, closed caption, translation, etc.
requirements imposed by SB 707 on “eligible legislative bodies,” pursuant to Council’s
authority under GC § 54953.7 which prescribes that an elected legislative body of a local
agency may impose requirements on its appointed legislative bodies.
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II. Public Participation – GC § 54953.4, subdivision (b), subparagraph (3) – (A) and (B)
To encourage public participation, the legislative body shall provide for the following:
A system for accepting and fulfilling requests for meeting agendas and documents
through email or other electronic platforms – the City already has such a system in
place and accommodates all requests electronically via email at
CityClerkMail@LaQuintaCA.gov.
Internet webpage dedicated to public meetings and accessible through a prominent
direct link posted on the agency’s website home page – the City already has a
webpage dedicated to public meetings accessible directly from the City’s internet
homepage at www.laquintaca.gov via a dedicated button widget, as well as under
“Our City” contextual menu from the top ribbon of the home page.
Subdivision (c), subparagraph (1)(B) requires that this webpage be translated into all
applicable languages; however, as detailed below under Section IV. Translation,
Interpretation, and Posting Requirements of this staff report, the City does not
meet the established statutory threshold for translation.
General explanation of the public meeting process – the City’s “Public Meetings”
webpage already includes a summary of the public meeting process.
Procedures for verbal and written public comments, both for in-person and remote
participation – the City’s “Public Meetings” webpage already includes language
regarding the process for providing verbal and written public comments, as well as its
published agendas.
Calendar of all public meeting dates, to include the date, time, and location of each
public meeting – the City’s already maintains a calendar of all public meetings and
events citywide, a link to which is also included in the “Public Meetings” webpage.
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The Calendar is accessible directly from the City’s website home page at
www.laquintaca.gov via a dedicated button widget and from its top ribbon menu.
Agenda posted online pursuant to Brown Act requirements – the City already posts
all agendas and related agenda packet materials for all public meetings on its internet
website – (1) on the “Calendar” as well as on the individual dedicated webpages for
Council, Boards, Commissions, and Committees, (2) it is also accessible through the
“Public Meetings” webpage, as shown in the images below, and (3) it is accessible
through a contextual menu under “Our City.”
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III. Outreach – GC § 54953.4, subdivision (b), subparagraph (3) (C)
The statute provides for agencies to make reasonable efforts, as determined by the
legislative body, to invite groups that do not traditionally participate in public meetings.
The statute further notes that ”Legislative bodies shall have broad discretion in the choice of
reasonable effort they make under this subparagraph. No action shall be commenced or
maintained against an eligible legislative body arising from failing to provide public meeting
information to any specific group pursuant to this subparagraph.”
The City currently posts all public meetings information on the City’s calendar and internet
website which includes automatic electronic email and text notifications via its Quail Mail
service to those subscribed, the weekly newsletter, The Gem, and social media which
includes Facebook and NextDoor. The City is already proactively utilizing all effective
communication channels to keep its residents and general public informed of all scheduled
public meetings and to encourage participation.
IV. Translation, Interpretation, and Posting Requirements
Translation During Public Meetings – GC § 54953.4, subdivision (b), subparagraph (2) (A)
As previously mentioned under Section I. Teleconference, Teleconference – Public
Participation, of this staff report above, the legislative body shall reasonably assist
members of the public who request translation or interpretation during its public
meeting, and shall publicize instructions on how to request assistance .
The statute provides that the legislative body is not responsible for the content or
accuracy of any interpretation facilitated, assisted with, or provided under this
subdivision.
The City’s “Public Meetings” dedicated webpage already includes instructions on how to
request and access closed caption, translation, interpretation, and disability assistance for
public meetings, as well as the “Public Notices” and “Teleconference” sections of the
published agendas.
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Of note, the City’s video streaming service (Cablecast) for live public meetings and its video
archive has for years included closed caption in both English and Spanish. The City will also
activate the automatic closed caption and translation available through the Zoom Webinar
audiovisual platform which will be available and accessible in real-time to all teleconference
participants, whenever teleconferencing is implemented in accordance with the Brown Act.
Translation of Agendas – GC § 54953.4, subdivision (c), subparagraph (1)(A)
The statute requires to (a) translate the agenda only into all applicable languages and to
post it at the same time with the English agenda and packet materials, and (b) Include
teleconference instructions in the applicable language(s).
Subparagraph (5) of the statute specifically states “For the purposes of this section, the
agenda does not include the entire agenda packet.”
Translation of Internet Webpage – GC § 54953.4, subdivision (c), subparagraph (1)(B)
The statute requires the agency’s internet webpage dedicated to public meetings and
accessible through a prominent direct link posted on the agency’s website home page to
include the same information translated in all applicable languages; and provides that the
translations made using a digital translation service shall be satisfactory .
Applicable Languages – GC § 54953.4, subdivision (e), subparagraph (1)
The statute defines “applicable languages” as “… languages, according to date from the
most recent American Community Survey, spoken jointly by 20% or more of the applicable
population, provided that 20% or more of the population that speaks that language in that
city or county speaks English less than ‘very well.’”
The 2020 Census reported La Quinta’s total population at 37,558.
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The 2015 Census reported La Quinta’s total population at 36,746 (Attachment 1). The
population that speaks English less than “very well” is reported at 1,601 with a margin of
error ± 391 = maximum total of 1,992, which if considered cumulatively calculates to a 5.4%
and does not meet the 20% threshold required by the Brown Act. The 2015 Census data is
the most current one available for this specific category.
Posting Requirements – GC § 54953.4, subdivision (c), subparagraph (3)
The legislative body shall make available a physical location that is freely accessible to the
public in reasonable proximity to the physical location in which the agenda and translations
are posted, and shall allow members of the public to post additional translations of the
agenda in that location.
The statute provides that the legislative body is not responsible for the content or accuracy
of any translation provided pursuant to this requirement.
The City generally posts, and has historically posted, printed copies of the agenda in bulletin
boards located at the designated physical places pursuant to the City’s Rules of Procedure
for Public Meetings. An additional bulletin board, freely accessible to the public will be
installed at City Hall to comply with this new posting requirement and shall be available for
public postings for translations of the agenda, if any member of the public wishes to do so.
Provided below are images of the bulletin boards at City Hall and the Wellness Center, as
well as a mockup of the additional cork board currently on order, that will be installed near
City Hall to comply with this new freely accessible to the public physical location posting
requirement.
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City Hall bulletin board and proposed public accessible board:
Wellness Center bulletin board:
Other Changes
Mandatory Brown Act Distribution – GC § 54952.7
SB 707 amends the statute to require a local agency to provide a copy of the Brown Act to
any person who is elected or appointed to serve as a member of the legislative body.
Previously, distribution of the Brown Act was permissive under this section but not required
unless directed to do so by the legislative body.
Authority to Remove Disruptive Participants - GC § 54957.95(a)(1)
SB 707 amends the statute to authorize the presiding officer of the legislative body to remove
or cause the removal of an individual for disrupting the meeting, including for
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teleconferencing via two-way audiovisual platform or telephonic services, as defined
in GC § 54957.96.
The City will add this reference to the Rules of Procedure, which will be brought for Council
consideration in quarter-1 of 2026.
Public Recording Rights – GC § 54953.5
The statute provides that any person attending an open and public meeting of a legislative
body shall have the right to record the proceedings, and it was revised to remove reference
to outdated “audio or video recorder or a still motion picture camera;” and the provision that
recordings by the agency are subject to inspection pursuant to the California Public Records
Act (GC § 7920.000 et seq.) remains unchanged.
The City implemented video recordings of Council meetings in August 2015, and for its
Boards, Commissions, and Committees in May 2020 due the COVID-19 pandemic, which
are freely accessible 24/7 via the City’s internet website at
www.laquintaca.gov/pastmeetings, streaming of live meetings is also freely accessible at
www.laquintaca.gov/livemeetings.
Special and Emergency Meeting Requirements – GC §§ 54956 and 54956.5
The statute is amended to remove requirements that only specified legislative bodies must
comply with the internet website posting and notice requirements for special and emergency
meetings, and thus imposes the same posting and notice requirements on all legislative
bodies.
Further, the statute expands the prohibition on calling special meetings to consider local
agency salaries or compensation for local agency executives to also include those for
legislative bodies themselves.
The City is already compliant with these new regulations.
Social Media Exception – GC § 54952.2(b)(3)
SB 707 amends the statute to remove the sunset date for social media-related provisions,
originally effective on January 1, 2021, via Assembly Bill 992 (Stats. 2020, Ch. 89, Mullin),
which allow officials to communicate with members of the public on social media while
prohibiting them from directly responding to anything another member of the same legislative
body posts regarding agency business.
Prepared by: Monika Radeva, City Clerk
Approved by: Jon McMillen, City Manager
Attachment: 1. Census 2015 La Quinta – Table B160001
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ATTACHMENT 1
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City of La Quinta
CITY COUNCIL MEETING: December 2, 2025
STAFF REPORT
AGENDA TITLE: ADOPT RESOLUTION TO VACATE A PORTION OF THE
NORTHWEST CORNER OF AVENIDA VILLA AND THE ADJACENT ALLEY PUBLIC
RIGHT-OF-WAY IN THE SANTA CARMELITA AT VALE LA QUINTA SUBDIVISION, UNIT
NO. 14
RECOMMENDATION
Adopt a resolution to vacate a portion of the northwest corner of Avenida Villa and the
adjacent alley public right-of-way in the Santa Carmelita at Vale La Quinta Subdivision, Unit
No. 14.
EXECUTIVE SUMMARY
•Staff on behalf of the City (Owner) has filed a street vacation application to vacate a
386-square-foot portion at the northwest corner of Avenida Villa and the adjacent
alley right-of-way. The Owner intends the construction of a museum archive building
which will encroach into the vacated area.
•The right-of-way proposed to be vacated is not needed for street purposes. No utility
agency has objected to the street vacation proposal. Coachella Valley Water District
(CVWD), Imperial Irrigation District (IID), and Frontier have requested easements
over the proposed street vacation area.
•On October 14, 2025, the Planning Commission adopted Planning Resolution
No. 2025-009 making a finding that this proposed street vacation is consistent with
the La Quinta General Plan.
•On November 4, 2025, Council adopted Resolution No. 2025-026 declaring its intent
to vacate the right-of-way and schedule a Public Hearing. The Public Hearing was
noticed in accordance with the California Streets and Highways Code.
FISCAL IMPACT – None.
BACKGROUND/ANALYSIS
The proposed street vacation area (Attachment 1) at the northwest corner of Avenida Villa
and the alley was dedicated for public use on the subdivision map for Santa Carmelita at
Vale La Quinta, Unit No. 14 in 1935. The area is currently vacant. The street configuration
PUBLIC HEARING ITEM NO. 1
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was changed when the City constructed Avenida Villa under Assessment District 2000-01,
creating an area that is not needed for street purposes and can be conveyed to the
underlying property owner without compromising the operational capacity of the roadway
as it has been operating without problems.
No utility agency has objected to the street vacation proposal. CVWD, IID, and Frontier
have requested easements over the proposed street vacation area.
Publishing and posting requirements for this public hearing were given in the time and
manner pursuant to Sections 8322 and 8323 of the California Streets and Highways Code.
AGENCY AND PUBLIC REVIEW
On October 14, 2025, the Planning Commission adopted Planning Resolution No. 2025-
009 making a finding that this proposed street vacation is consistent with the La Quinta
General Plan.
On November 4, 2025, Council adopted Resolution No. 2025-026 declaring its intent to
vacate the right-of-way and schedule a Public Hearing.
Public Notice
This vacation proceeding is conducted under Chapter 3, Part 3, Division 9 of the California
Streets and Highways Code. Three notices regarding the public hearing for the street
vacation were posted conspicuously along the line of the street proposed to be vacated on
December 2, 2025 (Attachment 2). The public hearing notice was also advertised in The
Desert Sun newspaper for two successive weeks on November 16 and 23, 2025
(Attachment 3). To date, no comments have been received from the public.
Environmental Review
The Design and Development Department has determined the proposed action is
categorically exempt under the California Environmental Quality Act (CEQA), Section
15301(c) – Class 1, pertaining to existing highways and streets, in that the vacation of the
subject right-of-way will not result in a direct or reasonably foreseeable indirect physical
change in the environment. No further environmental review is required under CEQA.
ALTERNATIVES
Council may choose not to approve the street vacation, or incorporate any adjustments
deemed appropriate in order to approve the street vacation.
Prepared by: Bryan McKinney, P.E., Public Works Director /City Engineer
Approved by: Jon McMillen, City Manager
Attachments: 1.Street Vacation Site Plan
2. Photos of Public Notice Posting Onsite
3. Public Hearing Notice in The Desert Sun
210
RESOLUTION NO. 2025 – XXX
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA
QUINTA, CALIFORNIA, VACATING A 386-SQUARE-FOOT
PORTION OF PUBLIC RIGHT-OF-WAY AT THE NORTHWEST
CORNER OF AVENIDA VILLA AND THE ADJACENT ALLEY IN
THE SANTA CARMELITA AT VALE LA QUINTA SUBDIVISION,
UNIT NO. 14
WHEREAS, this action is exempt under Section 15301 (c) – Class 1 of the California
Environment Quality Act (CEQA) Guidelines, in that the vacation of the subject right-of-way
will not result in a direct or reasonably foreseeable indirect physical change in the
environment; and
WHEREAS, pursuant to Sections 8322 and 8323 of the California Streets and
Highways Code, due notice of the Public Hearing was given by public posting in the time and
manner prescribed by law; and
WHEREAS, the City Council of the City of La Quinta has conducted this vacation
proceedings under Chapter 3, Part 3, Division 9 of the California Streets and Highways Code
and, upon hearing and considering all testimony of all interested parties, make the following
findings:
1.Vacation of the subject 386-square-foot portion of Avenida Villa and the adjacent alley
will not adversely affect the City of La Quinta or adversely impact the Circulation
Element of the City of La Quinta General Plan.
2.The affected 386-square-foot portion of the northwest corner of Avenida Villa and the
adjacent alley is unnecessary for either present or prospective public use or purposes,
including use as a non-motorized transportation facility.
3.No local agency has submitted objections to the street vacation proposal. However,
Coachella Valley Water District (CVWD), Imperial Irrigation District (IID), and Frontier
have requested the reservation of easements over the entire proposed vacation area.
4.Approval and adoption of the proposed public street vacation will not cause a
significant negative impact upon the environment; and
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta,
California, as follows:
SECTION 1. The City Council, having elected to proceed under the provisions of
Chapter 3, Part 3, Division 9 of the Streets and Highways Code of the State of California, and
having held a public hearing upon due notice as provided therein, hereby finds from all
evidence submitted that the 386-square-foot portion of the northwest corner of Avenida Villa
and adjacent alley, specifically described in Exhibits A and B, is unnecessary for either
present or prospective public use or purposes, including use as non-motorized transportation
facilities.
211
Resolution No. 2025 – XXX
Street Vacation Avenida Villa and Adjacent Alley
Adopted: December 2, 2025
Page 2 of 3
SECTION 2. The City Council hereby orders the vacation of the 386-square-foot
portion of the northwest corner of Avenida Villa and the adjacent alley as shown in the
attached Exhibits A and B, reserving, and excepting from the entire vacation area an
easement as described in SECTION 3.
SECTION 3. Reserving and excepting from the entire vacation area a public utility
easement and rights in favor of Coachella Valley Water District (CVWD), Imperial Irrigation
District (IID), and Frontier for its existing facility in accordance with Section 8340 (c) of the
California Streets and Highway Code.
SECTION 4. The City Council hereby determines that adoption of the vacation will
cause no significant negative environmental impact. In addition to the Recitals, which the City
Council adopts as part of its findings and expressly incorporates into the approval of this
Resolution, the street vacation is categorically exempt under the California Environmental
Quality Act (CEQA) as a Class 1 exemption pursuant to CEQA Guidelines Section 15301(c)
(14 Cal. Code Regs. §15301(c).) Class 1 consists of, among other items, minor alterations of
existing public or private facilities or topographical features, involving negligible or no
expansion of existing or former use. The types of “existing facilities” itemized in Section 15301
are not intended to be all-inclusive of the types of projects which might fall within Class 1, but
Subdivision (c) expressly includes existing highways, streets, bicycle and pedestrian trails,
and similar facilities. The street vacation here is small in the amount of square footage, and
that square footage is situated in a manner unnecessary for circulation of traffic or for any
other present or prospective public use or purposes. The street vacation does not authorize
any other use. Therefore, the street vacation involves no or negligible expansion of use and is
categorically exempt pursuant to CEQA Guidelines Section 15301(c).
SECTION 4. The City Council hereby orders that the vacation shall not be effective
until the City Clerk record a certified copy of this Resolution with attached Exhibits A and B
with the Riverside County Recorder.
SECTION 5. The City Council hereby determines and orders that the City Clerk is
hereby authorized and directed to record a certified copy of this Resolution in the Office of the
County Recorder of Riverside County, California.
PASSED, APPROVED AND ADOPTED at a regular meeting of the La Quinta City
Council held on this 2nd day of December 2025, by the following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
212
Resolution No. 2025 – XXX
Street Vacation Avenida Villa and Adjacent Alley
Adopted: December 2, 2025
Page 3 of 3
_______________________
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
213
EXHIBIT "A"
RIGHT-OF-WAY VACATION
LEGAL DESCRIPTION
1 OF 2
IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA,
BEING A PORTION OF LOT R OF UNIT NO. 14 SANTA CARMELITA AT VALE LA
QUINTA, AS SHOWN BY MAP ON FILE IN BOOK 18, AT PAGES 82 AND 83, OF MAPS,
RECORDS OF SAID COUNTY, LOCATED IN THE SOUTHEAST QUARTER OF
SECTION 1, TOWNSHIP 6 SOUTH, RANGE 6 EAST, SAN BERNARDINO MERIDIAN,
MORE PARTICULARLY DESCRIBED AS FOLLOWS:
COMMENCING AT THE SOUTHWEST CORNER OF PARCEL B OF LOT LINE
ADJUSTMENT 2000-328 RECORDED NOVEMBER 26, 2007 AS DOCUMENT NO.
2007-0711677, OFFICIAL RECORDS OF SAID COUNTY;
THENCE SOUTH 89°58'53" EAST, A DISTANCE OF 46.93 FEET ALONG THE
NORTHERLY LINE OF SAID LOT R AND THE SOUTHERLY LINE OF SAID PARCEL B
TO THE TRUE POINT OF BEGINNING;
THENCE CONTINUING ALONG THE NORTHERLY LINE OF SAID LOT R AND THE
SOUTHERLY LINE OF SAID PARCEL B NORTH 60°01'07" EAST, A DISTANCE OF
42.25 FEET TO THE NORTHEAST CORNER OF SAID LOT R;
THENCE LEAVING SAID NORTHERLY LINE SOUTH 00°05'23" WEST ALONG THE
EASTERLY LINE OF SAID LOT R, A DISTANCE OF 21.13 FEET;
THENCE NORTH 89°58'53" WEST, A DISTANCE OF 36.57 FEET, TO THE TRUE
POINT OF BEGINNING;
SUBJECT TO EXISTING EASEMENTS, COVENANTS, RIGHTS AND RIGHTS-OF-
WAY OF RECORD.
CONTAINING 386 SQUARE FEET OR 0.009 ACRES MORE OR LESS.
214
EXHIBIT "A"
RIGHT-OF-WAY VACATION
LEGAL DESCRIPTION
2 OF 2
AS DEPICTED ON EXHIBIT "B" ATTACHED HERETO AND MADE A PART HEREOF.
PREPARED BY OR UNDER THE DIRECTION OF:
_________________________________________
LUKE R. BEVERLY P.L.S. 8223
DATED: ______________07/01/2025
215
07/01/2025
216
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SITE PLAN EXHIBIT
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ADDITION
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J.N. 2219. 106 SHEET 1 OF 1
ATTACHMENT 1
217
ATTACHMENT 2
218
CITY OF LA QUINTA
CITY COUNCIL
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that the City of La Quinta City Council will hold a PUBLIC HEARING on
DECEMBER 2, 2025, at 5:00 p.m. in the La Quinta City Hall Council Chamber, 78495 Calle Tampico, La
Quinta, California, on the following item:
APPLICATION: STREET VACATION LAD2025-0002
APPLICANT: CITY OF LA QUINTA
LOCATION: NORTHWEST CORNER OF
AVENIDA VILLA AND THE
ADJACENT ALLEY
REQUEST: ADOPT A RESOLUTION TO
VACATE A PORTION AT THE
NORTHWEST CORNER OF
AVENIDA VILLA AND THE
ADJACENT ALLEY RIGHT-
OF-WAY
LEGAL: PUBLIC RIGHT-OF-WAY
CEQA: THE LA QUINTA DESIGN AND DEVELOPMENT DEPARTMENT HAS DETERMINED THE
PROPOSED ACTION IS CATEGORICALLY EXEMPT UNDER THE CALIFORNIA
ENVIRONMENTAL QUALITY ACT GUIDELINES, SECTION 15301 (C) – CLASS 1,
EXISTING FACILITIES
This general vacation proceeding is conducted under Chapter 3 (commencing with § 8320 et seq.),
Part 3, Division 9 of the California Streets and Highways Code.
Members of the public wanting to listen to this meeting may do so by tuning-in live via
https://laquintaca.gov/livemeetings.
Any person may submit written comments on any of the contemplated actions listed above to the Public
Works Department at BMcKinney@LaQuintaCA.gov prior to the Public Hearings and/or may appear and
be heard in support of, or opposition to, the project at the time of the Public Hearings. If you challenge
the decision of any of the actions listed above in court, you may be limited to raising only those issues that
you or someone else raised either at the Public Hearings or in written correspondence delivered to the
Public Works Department at, or prior to the Public Hearing. For additional information, please contact
Bryan McKinney, Public Works Director / City Engineer at BMcKinney@LaQuintaCA.gov.
In the City's efforts to comply with the requirements of Title II of the Americans with Disabilities Act Of
1990, the Public Works Department requires that any person in need of any type of special equipment,
assistance or accommodation(s) in order to communicate at a City public meeting, inform the City Clerk’s
Department at CityClerkMail@LaQuintaCA.gov or (760) 777 – 7123 at least 72 hours prior to the
scheduled meeting.
PUBLISH TWICE ON NOVEMBER 16 & 23, 2025
ATTACHMENT 3
219
220
3rd Quarter (July - September 2025)
DESIGN & DEVELOPMENT
QUARTERLY REPORT
The Design and Development Department consists of three divisions:
The Hub, Building, and Planning
Business Licenses Issued
L I C E N S E S A N D P E R M I T S
The Hub serves as a one-stop permit center. It is the central location
for obtaining permits for planning, building, engineering, business
licenses, and special events. The Hub also issues permits for garage
sales, home occupations, pool drains, re-roofs, and HVAC, window,
water heater, and utility changeouts.
232232 232 250250 250
205205 205
262262 262
240240 240
311311 311
2024 2025
July August September
632 761 636 583 686 813
Q3 2020 Q3 2021 Q3 2022 Q3 2023 Q3 2024 Q3 2025
Online (94.24%)In-Person (5.76%)
Permits Processed
Online/In-Person
Welcome New Businesses
25 New Local Businesses
Other Permits Issued
137137 137
9797 97
147147 147
164164 164
126126 126 115115 115
2024 2025
JUL AUG SEP
294
397 456 392 381 405
Q3 2020 Q3 2021 Q3 2022 Q3 2023 Q3 2024 Q3 2025
Spine & Sport Physical Therapy
G-Force Gymnastics & Parkour * Village Records
Synergy One Lending * Foulds Insurance Agency
Striker Craft * Coachella Valley Engineers
Holt Architects * Still Waters Hospice
Marktavia Esthetics * VYP Real Estate & Assoc
ML Mortgage Corp * DAISO * Sports Warehouse
BB Legacy Protection * BNS Insurance Solutions
Big Juice Company * Desert Oasis Healthcare
Desert Glow Beauty Bar * Chick-fil-A
Quick Quack Car Wash * CN Nails * The Golf Bar
Corazo Credit Union
This list is not exhaustive of all new businesses.
DEPARTMENTAL REPORT ITEM NO. 5
221
$187k
$401k $390k
$178k $197k $254k
Q3 2020 Q3 2021 Q3 2022 Q3 2023 Q3 2024 Q3 2025
6262 62
7878 78 6969 69
4242 42 4747 47 4949 49
2024 2025
JUL AUG SEP
250250 250 270270 270
182182 182
260260 260
224224 224 231231 231
2024 2025
JUL AUG SEP
240240 240
187187 187
232232 232
264264 264
215215 215 204204 204
2024 2025
JUL AUG SEP
Building Division
Plan Check Submittals
574 895 1,049 776 702 715
Q3 2020 Q3 2021 Q3 2022 Q3 2023 Q3 2024 Q3 2025
Building Permits Issued
447 709 799 675 659 683
Q3 2020 Q3 2021 Q3 2022 Q3 2023 Q3 2024 Q3 2025
PLAN CHECK AND BUILDING PERMITS
The Building Division administers and issues all residential and commercial building permit applications,
reviews plans (plan checks), and conducts on-site building inspections for compliance with the La Quinta
Municipal Code and California Building Standards Code.
Building Inspections
1,3711,371 1,371
1,7071,707 1,707
1,3701,370 1,370
867867 867 925925 925 992992 992
2024 2025
JUL AUG SEP
Average Building Inspections Per Day
$77k$77k $77k
$51k$51k $51k
$68k$68k $68k
$108k$108k $108k
$64k$64k $64k
$82k$82k $82k
2024 2025
JUL AUG SEP
$56k$56k $56k
$46k$46k $46k $47k$47k $47k
$75k$75k $75k
$50k$50k $50k $51k$51k $51k
2024 2025
JUL AUG SEP
Plan Check Fees Collected: $175,255 Building Permit Fees Collected: $253,889
$110k
$263k $201k $132k $149k $175k
Q3 2020 Q3 2021 Q3 2022 Q3 2023 Q3 2024 Q3 2025
2,441 3,043
6,106 4,896 4,448 2,949
Q3 2020 Q3 2021 Q3 2022 Q3 2023 Q3 2024 Q3 2025
38 48
96 78 69 46
Q3 2020 Q3 2021 Q3 2022 Q3 2023 Q3 2024 Q3 2025
FINANCIAL DATA
INSPECTION DATA
222
40
20
33
24 22
37
Q3 2020 Q3 2021 Q3 2022 Q3 2023 Q3 2024 Q3 2025
PLANNING
The Planning Division administers the zoning and development standards and works with residential and
commercial developers, architects, builders, and businesses to ensure that development is consistent with
the City's Zoning Code and General Plan. Planning staff coordinates with the Planning Commission, whose
primary function is to develop and maintain the City’s General Plan, consider development applications, and
serves as an advisory body to the City Council.
Planning Staff Approvals
Modification by Applicant for Savers Thrift Store, including the addition of a new compactor, side entrance
double door, and related site changes.
Minor Use Permit for a temporary sales office for Griffin Ranch.
Minor Adjustment for a 10% height adjustment to the rear yard patio cover at 51680 Avenida Vallejo.
Director's Determination to allow for pool equipment installation within the side yard setback at 43960 Genoa Dr.
Minor Use Permit and Site Development Permit for a temporary power facility at Andalusia Country Club.
Minor Use Permit for an indoor commercial recreation center to include four golf simulators (Golf Social) at
79710 Hwy 111.
Minor Use Permit Amendment to include the sale of prepackaged food and alcoholic and non-alcoholic
beverages at Golf Social located at 79710 Hwy 111.
Minor Adjustment for a 10% height increase for an RV garage addition to a residence at 54620 Eisenhower Dr.
Minor Adjustment to allow a building height increase at a residence at 81437 Peary Place.
Director's Determination for minor revisions to the plant palette at Andalusia at Coral Mountain (West Tract).
Modification by Applicant for color changes to the exterior of the existing Taco Bell at 78932 Hwy 111.
Minor Adjustment for a 10% reduction to a side yard setback at 52091 Avenida Bermudas.
Modification by Applicant for a remodel of the Rancho La Quinta Racquet Club building at 79355 Cascades Cr.
Special Event Permit for the La Quinta High School Homecoming Parade on October 1, 2025, at 78100 Main St.
Modification by Applicant for minor exterior modifications to Keke's Breakfast Cafe in the Jefferson Plaza at
79892 Hwy 111.
Director's Determination to approve a second guesthouse at 47330 Via Ravenna.
Minor Adjustment allowing reduction in a side yard setback to allow for a patio cover at 81824 Via Encinitas.
Special Event Permit for the Adaptive Halloween & Safety Fair at the La Quinta Community Park on Saturday,
October 18, 2025.
PLANNING APPLICATIONS RECEIVED
88 8 66 6 88 81111 11 99 9
1717 17
2024 2025
JUL AUG SEP
Planning Commission Actions
Recommended City Council approval of a reinstated and amended Development Agreement to facilitate
development of the SilverRock Specific Plan Area. 223
La Quinta Development in Action
ANGRY CHICKZ BIG JUICE BAR
G-FORCEGYMNASTI
C
S
&
P
A
R
K
O
U
R
ST. FRANCIS EXPANSION
BRAVO ESTATES
PERIMETER LANDSCAPING
St. Francis of Assissi, located on Washington Street near Avenue 47, has started construction on a 22,500 sq. ft. Parish Hall expansion and a new 27,334 sq. ft. Administrative Building.
A 14-unit development of one-story, single-family homes, for year-round short-term vacation rentals, has begun installing the perimeter landscape improvements. Located at the northwest corner of Madison Street and Avenue 52.
MADISON CLUB GOLF COURSE COMFORT STATION
OASIS BY CRESTWOOD COMMUNITIES
Northwest corner ofAvenue 60 and Madison Street
VILLAGE
RECORDS 1/2SIES
224
DEPARTMENTAL REPORT ITEM NO. 7A
PUBLIC SAFETYQUARTERLY REPORT
Code Compliance / Animal Control
July 1 – September 30, 2025
436 398
319
518
325
433
Jul Aug Sep
Site Inspections*
2024 2025
*Site inspections are required to confirm violations and include STVR inspections and regular code
complaints (e.g., trash containers, landscaping, property maintenance issues, etc.).
Building Code
15%
Business
License
6%
Misc.
3%
STVRs
3%
Animal Control
30%
Vehicle Issues
3%
Property
Maintenance
40%
Administrative Citations Number of Administrative Hearings 3:
2 Short-Term Vacation Rental Permit Required
1 Short-Term Vacation Rental Audible Sound
Quarter Highlight: Before and After
Landscaping Case
225
False Alarms
•$307,560 in fees collected to
date.
•City Staff continues outreach to
businesses with multiple false
alarms.
Animal Control Update for July and August 2025*
31
16
3 3
8
3
0 0
Impounds
13
10
21
1 0
3
0 0 0
Outcomes
Riverside County Department of Animal Services (RCDAS) hosted several free and discounted pet adoption events to
manage severe overcrowding at its shelters. In September, they launched the “DIBS” for Dogs program, a new way to
pre-adopt dogs that are still on their legally required stray hold period, ensuring that when hold ends, if their family
hasn’t reclaimed them, the dog goes with an adopter the very same day. Shelter is operating at overcapacity, potential
adopters, fosters, or resources can send an email to shelterinfo@rivco.org or visit their website at:
https://www.rcdas.org/.
In the event of a pet emergency, animal control question, or if interested in adopting, fostering or rescuing, please call
951-358-7387.
RCDAS– Coachella Campus shelter hours :
Tuesdays – Fridays 11 am to 6 pm
Saturdays & Sundays 10 am to 4 pm
Closed Mondays
For information call 760-343-3644
A false alarm means the activation of a security alarm system necessitating response by peace officers
when an emergency does not exist. A service fee is due to the city after an excessive number of false
alarms (defined as three or more false alarms) within a one-year period have been received from a
particular business, residence, or property.
189
153 141
161 158 157
July August September
2024 2025
*September information missing due to a technical issue with RCDAS data system.
226
LA QUINTA SHERIFF’S STATION
QUARTERLY REPORT
July 1, 2025 – September 30, 2025
Statistics
Priority 1 – Involve circumstances that pose a clearly defined threat to human life or property;
Priority 2 – Involve circumstances of an urgent but not life-threatening nature (e.g. minor assaults and
batteries);
Priority 3 – Involve circumstances which are neither urgent nor life threatening (e.g. disturbances of the
peace);
Priority 4 – Incidents occurring in the past or “cold” calls.
DEPARTMENTAL REPORT ITEM NO. 7B
Average Response Time
Number of Calls for Service
5.14
12.69
21.08 22.9
4.5
12.96
17.12
23.98
Priority 1Priority 2Priority 3Priority 4
Jul -24 Jul-25
10.34
13.58
23.32
26.56
6.98
10.4
17.58
20.21
Priority 1Priority 2Priority 3Priority 4
Aug-24 Aug-25
7.95
13.63
22.97
32.26
4.48
13.25 16.93
19.92
Priority 1Priority 2Priority 3Priority 4
Sep-24 Sep-25
17
423
269
131
17
414
296
111
Priority 1Priority 2Priority 3Priority 4
Jul -24 Jul-25
28
432
331
130
8
399
300
144
Priority 1Priority 2Priority 3Priority 4
Aug-24 Aug-25
21
416
343
167
7
388
301
134
Priority 1Priority 2Priority 3Priority 4
Sep-24 Sep-25
227
Special Enforcement Team &
Business District
• Actions: 695
•Property Recovered: $9,887.00
•Recovered Firearms: 3
•Narcotics Seized: Meth 46 g
Traffic Team
• Actions: 1,355
School Resource Officers
• Actions: 74
Community Service Officers &
Crime Prevention Specialists
• Actions: 912
•Community Meetings/Presentations: 2
Excessive Speed
Citations, 498
Seat Belt
Citations, 12
Other Non-Hazard
Citations, 362
Other Hazard
Citations, 901
Citations
DUI Collisions, 17
Traffic Injury
Collision, 26
DUI Arrests, 10
Non Injury and
Private
Property
Collision, 66
DUI Injury
Collision, 4
Collisions
Narcotics Task Force
•Actions in La Quinta: 12
•Narcotics Seized: Fentanyl Powder 5 g
•Fentanyl Pills 41 g/Sedatives 1 g
Gang Task Force
•Actions in La Quinta: 51
•Narcotics Seized: Other 90 g
Citizens on Patrol
• Actions: 1
•Hours Donated: 42.25
Actions by Teams:
1 0 3
42
0 7 6
16
0 0 2
59
1 6 5
23
1 0 3
45
1 4 1
20
Rape Homicide Aggravated
Assault
Larceny Robbery Burglary Vehicle
Theft
Simple
Assault
Crime Statistics
July August September
228
Public Safety Camera System (PSCS) Statistics
System Statistics for July to September 2025:
Processed 26 public records requests from citizens and insurance companies.
417 videos related to police investigations have been queried.
Of those queried, 49 videos related to police investigations have been exported.
No businesses have opted out of the PSCS.
Significant Incidents Involving the PSCS and FLOCK:
On July 8, 2025, La Quinta SET Deputies followed up on a series of potential thefts at Target and Lowe’s
in La Quinta. With the assistance of FLOCK, the vehicle of the suspect was found parked in front of 72811
Highway 111 in Palm Desert. The SET Deputies initiated a traffic stop and approached the driver, who fit
the description of the suspect. During the detention of the suspect, an employee from Staples reported
that the same individual had just stolen items from their store. The suspect, a 34-year-old male from Los
Angeles, was arrested for theft, prior convictions, and for violation of probation. He was booked into
JBDC.
On July 10, 2025, a La Quinta Motor Deputy conducted a traffic stop on a 32-year-old male from La
Quinta driving a 2021 Chevrolet Malibu for a speeding violation at Adams Street and Fred Waring Drive. A
records check revealed the subject was on felony probation for Possession of Narcotics for Sale. While
the Deputy attempted further contact, the subject fled the scene in the vehicle. A pursuit was initiated and
authorized by the patrol supervisor. The pursuit continued through La Quinta and into Indio, where the
suspect briefly stopped in front of a residence in the 80800 block of Columbia Avenue. A 31-year-old male
exited the residence and approached the vehicle. The driver handed the male a large backpack before
fleeing again. The second male was detained without incident. A search of the backpack revealed a large
quantity of marijuana, Xanax, Hydrocodone, suspected methamphetamine, cocaine, mushrooms, and
various items consistent with narcotics sales, including scales and packaging materials. Approximately
ten minutes later, the suspect vehicle was located near Palm Royale Drive and Washington Street with
the assistance of a CHP airship and the FLOCK camera system. A Patrol Lieutenant attempted an
enforcement stop, but the vehicle fled a second time. The suspect ultimately yielded at Dune Palms Road
and Highway 111 where he was taken into custody without further incident. The vehicle was towed to the
Thermal Station for evidence processing. Both suspects were transported and booked into the JBDC for
felony evading, possession of narcotics, and probation violations.
On August 6, 2025, Deputies were alerted to a "Flock-Hit" regarding a stolen 2020 silver Subaru from a
repo yard in Desert Hot Springs. The vehicle was located southbound on Washington Street, at Coachella
Drive, in La Quinta, where a felony stop was initiated. The suspect, a 30-year-old man from La Quinta,
was apprehended and booked at JBDC.
On August 27, 2025, La Quinta SET/BDT and Deputies were dispatched to the Grocery Outlet located at
50928 Washington Street in La Quinta, in response to a reported theft from the establishment. Before the
authorities arrived, two suspects had already escaped in a vehicle. A third suspect, a 34-year-old male
resident of Columbia, who had fled the scene with the stolen goods, was apprehended near the business.
The male was arrested and booked at JBCD for theft and for resisting a peace officer. By utilizing La
Quinta City cameras and FLOCK technology, the suspect vehicle was identified as a white Tesla. A
Sheriff’s K-9 unit located the vehicle at the Morongo gas station. The two individuals inside the vehicle
were confirmed to be the suspects who had fled the scene. Additionally, a 26-year-old male and a 30-
year-old male residents of Columbia were also arrested. Both individuals were booked into JBCD.229
On September 11, 2025, Deputies from La Quinta SET/BDT were dispatched to Famous Footwear,
located at 79150 Highway 111 in La Quinta regarding a theft. The suspects, a 22-year-old and a 20-year-
old females, residents of Indio, were apprehended in the vicinity with the aid of FLOCK technology and
arrested. Both individuals were processed at JBDC.
On September 13, 2025, La Quinta patrol Deputies received a report regarding a rape that took place in
the 52000 block of Avenida Obregon. Thermal investigations conducted a follow-up, establishing
probable cause for the arrest of the suspect, a 26-year-old male resident of La Quinta. On September 24,
2024, with the assistance of La Quinta SET Deputies, and via FLOCK, the male was arrested near his
residence. Investigators conducted an interview in accordance with Miranda rights, during which they
secured a complete confession and a written apology from him. The male was booked into JBDC for
Forcible Rape.
On September 23, 2025, FLOCK La Quinta units received notification of a stolen vehicle in the vicinity
through FLOCK. La Quinta SET Deputies, along with Deputies from the East County Rural Crimes Team,
successfully located the vehicle as it made a turn onto Highway 111 from Monroe Street. The individuals
inside the vehicle, (driver) a 37-year-old male transient from Palm Desert, (front passenger) a 30-year-old
female resident of Bermuda Dunes, and (rear passenger) a 37-year-old male resident of Rancho Mirage,
were apprehended without any incidents. The driver was taken into custody for possession of the stolen
vehicle. The female passenger had an outstanding warrant related to narcotics and was arrested. The
rear passenger was discovered to be on Post-Community Supervised Release (PCSR). A PRCS
Violation hold was enacted for him. All three individuals were processed at JBDC.
On September 24, 2025, Deputies from La Quinta BDT carried out a follow-up investigation regarding two
incidents of liquor theft from Vons in La Quinta. The suspect, a 47-year-old woman residing in Los
Angeles, was captured on video surveillance employing magnets to detach anti-theft caps from alcohol
bottles during both thefts. Utilizing FLOCK technology, La Quinta SET/BDT deputies identified the rental
vehicle of the female suspect at Albertsons in Palm Desert, where she was subsequently apprehended.
On September 26, 2025, La Quinta patrol Deputies were notified of vandalism taking place in the parking
lot of La Quinta City Hall on September 25, 2025, where a vehicle was keyed. A Community Service
Officer (CSO) from the patrol examined the La Quinta Public Safety Cameras, which recorded the
incident and showed the suspect departing in a vehicle. On September 26, 2025, the La Quinta BDT
found the vehicle on Avenue 52 and SilverRock and apprehended the driver, a 66-year-old male resident
of La Quinta, for vandalism.
On September 29, 2025, La Quinta BDT responded to a theft incident at Walmart, situated at 79295
Highway 111, involving two stolen vacuums. Deputies reviewed video surveillance footage and observed
the suspect exiting Walmart and entering a Range Rover, which had previously been linked to another
theft at Famous Footwear. The deputy subsequently located the vehicle on Indio Boulevard and initiated
a traffic stop. Inside the Range Rover, the suspect, a 34-year-old male resident of Coachella, was found
in the back seat alongside the two vacuums he had stolen from Walmart. The individual was arrested,
and both vacuums were retrieved and returned to Walmart.
230
FIRE DEPARTMENT
QUARTERLY REPORT
July 1, 2025 – September 30, 2025
Incident Response Activity
Incident Type 1st Qtr.
2024
1st Qtr.
2025
Medical 945 951
False Alarm 124 146
Public Service
Assistance
71 65
Traffic Collision 57 47
Standby 19 12
Other Fire 6 7
Residential Fire 2 5
Vehicle Fire 9 2
Rescue 6 0
Ringing Alarm 12 9
Other
Miscellaneous
0 14
Hazardous
Materials
1 2
Commercial Fire 0 1
Multi-Family
Dwelling Fire
0 1
Wildland Fire 6 3
Total 1,258 1,265
DEPARTMENTAL REPORT ITEM NO. 7C
Average Enroute to
On-Scene Time
604
276
37 2 4.69
60.77
527
274
43 1 4.95 61.93
<5
Minutes
+5
Minutes
+10
Minutes
+20
Minutes
Average
Min
% 0 to 5
Min
1st QTR 2024 1st QTR 2025
Enroute Time: When a unit has been acknowledged as
responding.
On-scene Time: When a unit has been acknowledged
as being on-scene.
Automatic Aid 1st
Qtr.
2024
1st
Qtr.
2025
LQ Resources Responding
in LQ
1,193 1,115
LQ Resources Aiding Other
Jurisdictions
687 797
Resources Aiding LQ 390 375
231
Truck Report
During this quarter, Truck 33 recorded 3 responses while Truck 86 recorded 18 responses in the City of
La Quinta.
Fire Inspection Report
•Construction Plan Reviews – 200
•Planning Case Reviews – 11
•Construction inspections – 267
•Business/Facility Inspections – 153
•Review and Inspection Service – In this quarter, the standard turnaround time for plan reviews was maintained at
10 days, while inspections were completed within 2 days.
Significant Incident Report
25CARRU114574
25CARRU120546
25CARRU130890
25CARRU154703
On July 20, 2025, at 10:35 pm, CALFIRE responded to a fire located at 81574 Ricochet Way. The first fire
engine on the scene reported a two-story single-family home with the garage heavily engulfed in flames.
Firefighters successfully contained the fire to the garage, with only minimal spread into the living areas.
During their search of the residence to ensure all occupants had evacuated, crews discovered two dogs,
which they safely rescued and returned to their owner. Communication was established with officials from
the City of La Quinta, to initiate the red-tagging process for the structure. The homeowner stated they had
family to stay with and declined any assistance for displacement. Fortunately, there were no injuries reported
among civilians or firefighters.
On August 1, 2025, at 9:01 am, CALFIRE responded to multiple reports of a structure fire located at 50320
Spyglass Hill Dr in La Quinta. The initial Fire Department unit on the scene observed significant smoke and
flames emanating from the front of the residence. Firefighters successfully managed to control the blaze
without causing damage to adjacent buildings. There were no reported injuries to civilians or firefighters.
On August 1, 2025, at 12:56 pm, CALFIRE responded to reports of a structure fire located at 52525 Avenida
Carranza in La Quinta. The first arriving Fire Department unit reported light smoke and fire coming from the
side of the structure. Crews launched a vigorous assault on the fire, successfully containing it to the structure
where it originated. Unfortunately, one family pet was discovered deceased due to the fire. There were no
reported injuries to either civilians or firefighters. La Quinta's building and safety department was asked to
red tag the residence, while the American Red Cross was requested to assist the family.
On September 30, 2025, at 6:38 pm, CALFIRE was dispatched to a traffic accident located at the corner of
Washington St and Avenue 48 in La Quinta. The initial fire department unit on the scene reported a
passenger bus and a pick-up truck involved in a head-on collision. A total of four patients were reported, with
injuries varying from mild to critical. The driver of the pick-up truck was extricated using specialized hydraulic
rescue tools and was airlifted to the trauma center. The Riverside County Sheriff's Department remained on
scene to carry out an investigation.
474 508 478 603 576 475 538 508
859
1217 1022
1660
3009 3131
1708
1124
0
500
1000
1500
2000
2500
3000
3500
2018 2019 2020 2021 2022 2023 2024 2025
through
September
Annual Review and Inspection Trends - La Quinta
Total reviews conducted Total inspections/actions completed
232
Palm Springs Airport Commission Report – November 19, 2025, Meeting Discussion and Action Items:
MarkeƟng Update – Airline passengers down 0.2% versus same month last year. Canadian flights down
just one flight per day. December passenger bookings for the next three months are all higher than the
same months last year. For coming months, several new routes have been added: AusƟn by Delta
(November, 2025), EWR by United (December, 2025), CLT by American (December, 2025), and AusƟn by
Southwest (March, 2026). The Quiet Airport program is now fully launched, with very few airport-wide
announcements, and music has been turned down or off in most place. A new “charging staƟon bar”
has been installed on the Bono Concourse.
2026 Airport Commission Calendar – Calendar year 2026 dates shown below.
OperaƟons, ProperƟes, and FaciliƟes CommiƩee Update – A lengthy update was given on the New
Restroom AspiraƟons which are at the 60% of Design stage, $5 million cost esƟmate overall. A significant
discussion ensued regarding the new All Gender Restroom facility, and the need for proper signage and
maps / wayfinding to the various restroom-type alternaƟves.
Escalators Update – In the short-term, they are currently working. The down escalator will be out-of-
service for some Ɵme in December for servicing. In the long-term replacement, the Council’s
accelerated procurement process led to directly working with four vendors to bid, and two ulƟmately
bid. Both provider costs to build and provide 5-years of maintenance. The lower bidder’s cost was
$1,357,000 in total. The bid schedule is Project NoƟce to Proceed, December 2025; InstallaƟon begins,
May 2026; if both escalators completed at the same Ɵme, then compleƟon September, 2026; if both
escalators done separately, then compleƟon December 2026. Next steps: NegoƟaƟons in-progress with
Schindler (low bidder), with an early-compleƟon incenƟve; raƟficaƟon at City Council, December 10,
2025, and the NoƟce to Proceed will not wait for the City Council’s raƟficaƟon. There will be a Not-To-
Exceed clause in the contract. The Commission unanimously approved the recommendaƟon to proceed,
with the plan of doing both escalators at the same Ɵme.
Paradies Lagardere Hours Update – As much as the airport staff would like to get the hours expanded to
an earlier start Ɵme with all of the vendors, everyone is sƟll limited and constrained by the start of
TransportaƟon Security Authority (TSA) screening. Nobody has control over that except the TSA. The
TSA’s schedule is affected by their own staffing limitaƟons.
ExecuƟve Director Report – Sixt Rent A Car is being added as a new entrant to the rental car businesses.
Next Commission MeeƟng: Was December 10, 2025, at 4:00 PM; now December 16, 2025, at 9:00 AM.
2025 Airport Commission Calendar – Future planned meeƟngs on 1/21/2026; 2/18; 3/18; 4/15; 5/20;
6/17; 7/15; 9/16;10/21; 11/18; 12/9.
REPORTS AND INFORMATIONAL ITEM NO. 33
233
9
AIRPORT COMMISSION MEETING AGENDA
Multi-Purpose Conference Room, Demuth Community Center
3601 E. Mesquite Ave., Palm Springs, CA 92264
Wednesday, November 19, 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 location(s):
Commissioner Denise Delgado - Coachella
1515 6th Street
Coachella, CA 92236
Commissioner Phil Valdez - Indian Wells
77075 Delgado Dr.
Indian Wells, CA 92210
Commissioner Kevin Wiseman - Palm Desert
71-703 Highway 111, Suite 2E
Rancho Mirage, CA 92270
Commissioner Keith Young - Rancho
Mirage
6 Kai Ala Drive
Departure Lounge, Level B
Lahaina, HI 96761
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:
Margaret Park
City of Cathedral City:
Christian Samlaska
City of Palm Desert:
Kevin Wiseman Kevin J. Corcoran
–Chairman
Todd Burke
–Vice Chairman
Dave Banks Ken Hedrick City of Indian Wells:
Phil Valdez
City of Coachella:
Denise Delgado
City of Rancho Mirage:
Keith Young Daniel Caldwell Tracy Martin
Bryan Ebensteiner Samantha McDermott City of La Quinta:
Geoffrey Kiehl
City of Desert Hot Springs:
Dirk Voss
City of Indio:
Rick Wise
J Craig Fong Timothy Schoeffler
Palm Springs City Staff
Scott C. Stiles, ICMA-CM Harry Barrett Jr., A.A.E. Jeremy Keating, C.M. Victoria Carpenter, C.M.
City Manager Executive Director or Aviation Assistant Airport Director Assistant Airport Director
234
Airport Commission Meeting Agenda
November 19, 2025 – Page 2
_______________________________________________________________________________________
1. CALL TO ORDER – PLEDGE OF ALLEGIANCE
2. POSTING OF AGENDA
3. ROLL CALL
4. ACCEPTANCE OF AGENDA
5. PUBLIC COMMENTS:
Limited to three minutes on any subject within the purview of the Commission.
6. APPROVAL OF MINUTES:
6.A Minutes of the Airport Commission Regular Meeting of October 15, 2025.
7. DISCUSSION AND ACTION ITEMS:
7.A Marketing Update
7.B Financial Update
7.C 2026 Airport Commission Calendar
7.D Operations, Properties and Facilities Committee Update
7.E Escalators Update
7.F Paradies Lagardere Hours Update
7.G Projects and Airport Capital Improvement Program Update
7.H Future City Council Update
8. EXECUTIVE DIRECTOR REPORT
9. COMMISSIONERS REQUESTS AND REPORTS
10. REPORT OF COUNCIL ACTIONS:
10.A Past City Council Actions
11. RECEIVE AND FILE:
11.A Airline Activity Report October 2025
11.B Airline Activity Report Fiscal Year Comparison
11.C Request for Proposal (RFP) and Invitation for Bid (IFB) Update
12. COMMITTEES:
12.A Future Committee Meetings
12.B Committees Roster
13. ADJOURNMENT:
The Airport Commission will adjourn to the Regular Meeting on December 10,
2025 at 4:00 P.M. 235
Airport Commission Meeting Agenda
November 19, 2025 – Page 3
_______________________________________________________________________________________
AFFIDAVIT OF POSTING
I, Harry Barrett, Jr., Executive Director of Aviation, City of Palm Springs, California, hereby certify
this agenda was posted on November 13, 2025, in accordance with established policies and
procedures.
PUBLIC NOTICES
Pursuant to G.C. Section 54957.5(b)(2) the designated office for inspection of records in connection
with the meeting is the Office of the City Clerk, City Hall, 3200 E. Tahquitz Canyon Way. Complete
Agenda Packets are available for public inspection at: City Hall Office of the City Clerk. Agenda and
staff reports are available on the City’s website www.palmspringsca.gov. If you would like additional
information on any item appearing on this agenda, please contact the Office of the City Clerk at
(760) 323-8204.
It is the intention of the City of Palm Springs to comply with the Americans with Disabilities Act (ADA)
in all respects. If, as an attendee or a participant at this meeting, or in meetings on a regular basis,
you will need special assistance beyond what is normally provided, the City will attempt to
accommodate you in every reasonable manner. Please contact the Department of Aviation, (760)
318-3800, at least 48 hours prior to the meeting to inform us of your particular needs and to
determine if accommodation is feasible.
236
WRITTEN
PUBLIC
COMMENTS
CITY COUNCIL
MEETING
DECEMBER 2, 2025
1
From:Mary Mann <maryhpmann@gmail.com>
Sent:Tuesday, December 2, 2025 3:12 PM
To:Olivia Rodriguez; City Clerk Mail
Subject:CC 12/2/2025 Public Comments not on the Agenda
Dear you,
See below for written public comments for this evening's meeting. I missed the noon deadline
for distribution this eve, but hope they can be included in meeting record. I plan to be there to read at
open comment period. Thanks, Mary
City Council 2 December Public Comment items not on agenda
Subject: Save Coral Mountain: APPL2025-0001: APPEAL OF CORAL MOUNTAIN CLUB TENTATIVE TRACT
MAP 2025-0001, SITE DEVELOPMENT PERMIT 2025-0001 AND SITE DEVELOPMENT PERMIT 2025-0001
Following my plea to you November 4 to appeal the Planning commission decision of October 28
concerning the Club at Coral Mountain TTM and development plans, and receiving no positive feedback,
I filed an administrative appeal as allowed under Municipal Code, which triggered a Public Hearing to be
held December 16 at your next meeting. As I understand this hearing is for the City Council review the
Planning Commission decision from October 28, that is approval of CCM Tentative Tract Map, Golf
Course Development Plan (that includes Perimeter Wall/Fence) and Sales Center Development Plan for
the ~387 acre proposed development. Too few questions were asked, too few satisfactory answers were
demanded by City Staff and by the Planning Commission for the Commission to have approved those
items as is.
Since May, well prior to the release of the maps/plans for consideration by the Planning Commission I
have come to you and the PC asking questions and bringing evidence that one of La Quinta's
prominent landmarks and an active recreation area were threatened by this development as it sits on
paper right now. I have received little to no traction regarding my claims or suggestions for improvement.
Now I was forced to file an appeal of this decision and the matter has been assigned to a Contract City
Planner. She indicated that at the December 16 hearing she will give a presentation, I will have 15
minutes to present, and then the applicant Meriwether (presumably Garrett Simon) will have 15 minutes
to present. The Mayor controls if rebuttal is allowed and when public comments will be heard. I have
requested more time to present, as I have many complex points to address to substantiate the appeal. I
have also requested that a site visit be made with relevant parties City Staff, Council, Planning
Commission. I was told in email by Contract City Planner that this was a violation of the Brown Act. I
suggest that this could be made a part of the Public Hearing by announcing the time and place for the
visit. Barring that, I would like to submit video evidence at the hearing to illustrate some of my claims,
CITY COUNCIL MEETING - DECEMBER 2, 2025 - WRITTEN PUBLIC COMMENTS BY RESIDENT MARY MANN
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA - REGARDING CLUB AT CORAL MOUNTAIN PROJECT
(TTM 2025-0001, SDPs 2025-0001 & 2025-0002
2
particularly regarding the proposed fence and trail alignment. I would be willing to meet with any
member of Council at the site to observe my areas of concern.
The Developer Representative has a desire to do good here. I have had the chance to speak with him and
I hope it will be more prior to the appeal. He indicated that measures and mandates imposed by City
restricted them from proposing the project how they would have liked. I hope he would be open to a site
visit, or an open discussion of ways that the TTM and Development Plans can be improved prior to going
forward.
This is a heartfelt plea to take the time to review and consider the comments I have made over these
months. Please review the past approvals for this project and understand if and how they are reflected in
the Current TTM and Plans presented at the October 28 Planning Commission Hearing on this matter.
Items in the appeal other than the fence are also serious matters-financial viability, proposed schedule
and unlimited extensions, limited access points, water, dust, loss of open space, closing off and
disruption of unique natural features and opportunities for partnership that cannot be retrieved. You are
considering the Quality of life of hundreds of new residents in the direct area since the project was
originally presented in 2021. It has been heart wrenching to go back through the comments that were
received during the circulation of the EIR in 2022. Over 100 comments, detailed, researched comments
from La Quinta residents and impacted Agencies. To have all this blown off as insubstantial and not
requiring a second look after the project totally changed less than 1 year later. It’s not that we don't care.
It’s that we are tired. I have spent countless hours researching this. We are looking at removing many
acres of natural open space in the prime area for natural open space left in the City.
Thanks,
Mary Mann
La Quinta Resident
maryhpmann@gmail.com
POWER POINTS
CITY COUNCIL
MEETING
DECEMBER 2, 2025
December 2, 2025
1
City Council Regular Meeting
December 2, 2025
City Council Regular Meeting
December 2, 2025
PUBLIC COMMENT – MATTERS
NOT ON THE AGENDA
12/3/2025
1
2
December 2, 2025
2
City Council Regular Meeting
December 2, 2025
CLOSED SESSION IN PROGRESS
3
4
December 2, 2025
3
City Council Regular Meeting
December 2, 2025
PUBLIC COMMENT – MATTERS
NOT ON THE AGENDA
12/3/2025
5
6
December 2, 2025
4
City Council Regular Meeting
December 2, 2025
P1 – SilverRock Development Project
Status Update
City Council Regular Meeting
December 2, 2025
P2 – Introduce New and Promoted City
Staff Members
7
8
December 2, 2025
5
City Council Regular Meeting
December 2, 2025
B1 – Approve Cancellation of Regular City
Council Meeting of January 6, 2026
9
10
December 2, 2025
6
City Council Meeting
December 2, 2025
B2 – 2025 California Building Code Adoption
11
12
December 2, 2025
7
Background
• California Building Standards Commission
• Title 24 of the California Code of Regulations
• Triennial Code Adoption Cycle
• Building
• Residential
• Energy
• Mechanical / Electrical / Plumbing
• Wildland Urban Interface (WUI)
Code Update Summary
13
14
December 2, 2025
8
Purpose
• An Ordinance is required to adopt more restrictive
requirements
• Local Amendments
• 2025 Building Code effective January 1, 2026
15
16
December 2, 2025
9
City Council Meeting
December 2, 2025
S1 – Discuss Legislative Updates 2025-26
Fair Political Practices Commission
• SB 827, Stats. 2025, Ch. 661, Gonzalez
– Gov Code §§ 53234 and 53238
– Adds “dept heads, or similar administrative officers”
– Adds a 2-hr. fiscal and financial training every 2 years
• SB 852, Stats. 2025, Ch. 331, Committee of Elections
and Constitutional Amendments
– Gov Code § 87500
– Makes the FPPC the filing officer for public officials who
manage public investments, & Forms 700 must be filed
electronically with the FPPC
17
18
December 2, 2025
10
Fair Political Practices Commission
• AB 1029, Stats. 2025, Ch. 85, Valencia
– Gov Code §§ 82034, 87206, and 87302
– Expands the definition of investments to include “digital
financial assets” & requires reporting of such
– Conflict of Interest Code must specify this as well
• AB 1286, Stats. 2025, Ch. 186, Boerner
– Gov Code §§ 82004.2 and 87207.5
– Requires disclosure of an “arrangement for prospective
employment”
Ralph M. Brown Act (Brown Act)
SB 707, Stats. 2025, Ch. 327, Durazo
• Teleconferencing – effective July 1, 2026
– Traditional teleconferencing remains unchanged.
– Reasonable Accommodation
– Just Cause
– “Eligible Legislative Body” – City Council, ^30K population
– Two-way telephonic or audio-visual real-time public
participation
– Requires audio & visual participation for Council
– Disclose before any action is taken, whether any other
individuals are present
19
20
December 2, 2025
11
Ralph M. Brown Act (Brown Act)
SB 707, Stats. 2025, Ch. 327, Durazo
• Teleconferencing – effective July 1, 2026
– Teleconference Policy for service disruption, 1-hr recess,
or until service is restored
– Closed Caption & Translation
– All votes shall be by roll-call
– Report out orally any action taken
– Minutes shall note if any member of the legislative body is
attending via teleconference
– Minutes shall note the reason for teleconference
participation
Ralph M. Brown Act (Brown Act)
SB 707, Stats. 2025, Ch. 327, Durazo
• Teleconferencing – effective July 1, 2026
– “Eligible Subsidiary Body” = ACSC, FAC, & HC
– Planning Commission & Construction Board of Appeals
– Public Participation Outreach
– Agenda requests via email system
– “Public Meetings” and “Calendar” webpages from City’s
internet home page
– Translation & Interpretation – 5.4% “less than very well”
– Posting Requirements – bulletin board at City Hall
21
22
December 2, 2025
12
Ralph M. Brown Act (Brown Act)
SB 707, Stats. 2025, Ch. 327, Durazo
• Teleconferencing – effective January 1, 2026
– Mandatory Brown Act distribution to new members
– Authority to remove disruption participants, including via
teleconference
– Public recording right
– Special & Emergency Meeting Requirements
– Social Media Exception
23
24
December 2, 2025
13
City Council Meeting
December 2, 2025
PH1 – Adopt a Resolution to Vacate a Portion of the
Northwest corner of Avenida Villa and the
Adjacent alley Public right-of-Way
Proposed Street Vacation
• Area was dedicated on a subdivision map in 1935
• Street configuration changed when Avenida Villa was constructed under Assessment
District 2000-01. Area not needed for street purposes
• Planning Commission found it consistent with La Quinta General Plan on October 14, 2025
• City Council adopted Resolution 2025-026 on November 4, 2025 declaring its intent to
vacate this right-of-way and scheduled Public Hearing
• Publishing and posting requirements for this public hearing were given in the time and
manner pursuant to Sections 8322 and 8323 of the California Streets and Highways Code
• Exempt under CEQA Guidelines, Section 15301(c) – Class 1
• No objections from utility agencies. IID, Frontier, and CVWD requested easements
25
26
December 2, 2025
14
Street Vacation Exhibit
• Vacation area is 386 SF
• Allows for future construction on the Lumberyard Property
Legal Description and Plat
27
28
December 2, 2025
15
OPEN HOUSE IN PROGRESS
29
31
December 2, 2025
16
32