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2025-11-04 CC Agenda Packet
AGENDA EL SEGUNDO CITY COUNCIL REGULAR MEETING TUESDAY, NOVEMBER 4, 2025 5:00 PM CLOSED SESSION 6:00 PM OPEN SESSION CITY COUNCIL CHAMBER 350 MAIN STREET, EL SEGUNDO, CA 90245 Chris Pimentel, Mayor Ryan W. Baldino, Mayor Pro Tern Drew Boyles, Council Member Lance Giroux, Council Member Michelle Keldorf, Council Member Susan Truax, City Clerk Executive Team Darrell George, City Manager Mark Hensley, City Attorney Barbara Voss, Deputy City Manager Paul Chung, CFO/ Clty Treasurer Saul Rodriguez, Police Chief George Avery, Fire Chief Michael Allen, Community Development Dir. Rebecca Redyk, HR Director Paul Silverstein, Interim IT Director Elias Sassoon, Public Works Dir. Aly Mancini, Recreation, Parks & Library Dir MISSION STATEMENT: "Provide a great place to live, work, and visit." VISION STATEMENT: "Be a global innovation leader where big ideas take off while maintaining our unique small-town character." 1 Page 1 of 99 The City Council, with certain statutory exceptions, can only act upon properly posted and listed agenda items. Any writings or documents given to a majority of City Council regarding any matter on this agenda that the City received after issuing the agenda packet are available for public inspection in the City Clerk's Office during normal business hours. Such documents may also be posted on the City's website at www.elsegundo.org and additional copies will be available at the City Council meeting. Unless otherwise noted in the agenda, the public can only comment on City -related business that is within the jurisdiction of the City Council and/or items listed on the agenda during the Public Communications portions of the Meeting. Additionally, members of the public can comment on any Public Hearing item on the agenda during the Public Hearing portion of such item. The time limit for comments is five (5) minutes per person. Those wishing to address the City Council are requested to complete and submit to the City Clerk a "Speaker Card" located at the Council Chamber entrance. You are not required to provide personal information in order to speak, except to the extent necessary for the City Clerk to call upon you, properly record your name in meeting minutes and to provide contact information for later staff follow-up, if appropriate. REASONABLE ACCOMMODATIONS: In compliance with the Americans with Disabilities Act and Government Code Section 54953(g), the City Council has adopted a reasonable accommodation policy to swiftly resolve accommodation requests. The policy can also be found on the City's website at https.11www.eisepundo.or_g4govemmentldepartments/city-clerk. Please contact the City Clerk's Office at (310) 524-2308 to make an accommodation request or to obtain a copy of the policy. 2 Page 2 of 99 5:00 PM CLOSED SESSION — CALL TO ORDER / ROLL CALL PUBLIC COMMUNICATION — (RELATED TO CITY BUSINESS ONLY — UP TO 5- MINUTE LIMIT PER PERSON, 30-MINUTE LIMIT TOTAL) Individuals who have received value of $50 or more to communicate to the City Council on behalf of another, and employees speaking on behalf of their employer, must so identify themselves prior to addressing City Council. Failure to do so shall be a misdemeanor and punishable by a fine of $250. While all comments are welcome, the Brown Act does not allow City Council to take action on any item not on the agenda. City Council and/or City Manager will respond to comments after Public Communications is closed. SPECIAL ORDERS OF BUSINESS RECESS INTO CLOSED SESSION: City Council may move into a closed session pursuant to applicable law, including the Brown Act (Government Code Section §54960, et seq.) for purposes of conferring with City's Real Property Negotiator; and/or conferring with City Attorney on potential and/or existing litigation; and/or discussing matters covered under Government Code Section §54957 (Personnel); and/or conferring with City's Labor Negotiators. CONFERENCE WITH LEGAL COUNSEL — ANTICIPATED LITIGATION Threats to Significant exposure/- to litigation pursuant to (Government Code §54956.9(d)(2) or (d)(3)): -1- matter(s). CONFERENCE WITH CITY'S LABOR NEGOTIATOR (GOV'T CODE §54957.6): -2- MATTER(S) Employee Organizations: Police Officers' Association (POA), City Employees Association (CEA) Agency Designated Representative: Laura Drottz Kalty, City Manager, Darrell George, and Human Resources Director, Rebecca Redyk 6:00 PM — CONVENE OPEN SESSION — CALL TO ORDER / ROLL CALL INVOCATION — Pastor Jimmy Chaney, Church of the Beach Cities PLEDGE OF ALLEGIANCE — Council Member Boyles SPECIAL PRESENTATIONS 1. Spark of Love Proclamation 2. American Indian Heritage Month PUBLIC COMMUNICATIONS — (RELATED TO CITY BUSINESS ONLY — UP TO 5 MINUTE LIMIT PER PERSON, 30 MINUTE LIMIT TOTAL) Individuals who have received value of $50 or more to communicate to the City Council on behalf of another, and employees speaking on behalf of their employer, must so identify themselves prior to addressing the City Council. Failure to do so shall be a misdemeanor and 3 Page 3 of 99 punishable by a fine of $250. While all comments are welcome, the Brown Act does not allow Council to take action on any item not on the agenda. The Council will respond to comments after Public Communications is closed. CITY MANAGER FOLLOW-UP COMMENTS — A. PROCEDURAL MOTIONS Read All Ordinances and Resolutions on the Recommendation - Approval B. CONSENT 3. City Council Meeting Minutes Recommendation - ated to Public Communications enda by Title On 1. Approve Special and Regular City Council Meeting minutes of October 21, 2025. 2. Alternatively, discuss and take other action related to this item. 4. Warrant Demand Register for September 29, 2025 through October 19, 2025 Recommendation - 1. Ratify payroll and employee benefit checks; checks released early due to contracts or agreements; emergency disbursements and/or adjustments; and, wire transfers. 2. Approve Warrant Demand Register numbers 7B, 8A Payroll Warrant, 8A, and 8B: warrant numbers 3057628 through 3057633, 3070001 through 3070079, 9003425, and 9100001. There was no check run between September 29-October 5, 2025 due to the transition from the City's previous ERP to its new EERP. There is an intentional gap in warrant numbers beginning after 3057633 and after 9003425 due to the transition from the City's previous ERP to its new EERP to allow for payroll -related checks run through Accounts Payable until the City has fully migrated its payroll module. 3. Alternatively, discuss and take other action related to this item. 5. Award of Construction Contract with CJ Concrete Construction, Inc. for $99,612 for the Concrete Improvements Project, Project No. PW 25-10. Recommendation - Authorize the City Manager to execute a standard Public Works Construction Contract with CJ Concrete Construction, Inc. for $99,612 0 Page 4 of 99 for the Concrete Improvements Project, Project No. PW 25-10, and authorize an additional $30,000 as contingency funds for potential unforeseen conditions. 2. Alternatively, discuss and take other action related to this item. 6. Notice of Completion for El Segundo Library Elevator Upgrades Project No. PW 24-03 Recommendation - 1. Accept the Library Elevator Modernization Project No. PW 24-03 completion by Excelsior Elevator Corporation as complete. 2. Authorize the City Clerk to file a Notice of Completion with the County Recorder's Office. 3. Alternatively, discuss and take other action related to this item. 7. Resolution Rejecting Construction Bid for the 27-Inch Water Main Repair Project, Project No. PW 25-09. Recommendation - 1. Adopt a resolution to reject the construction bid received and opened for the 27-Inch Water Main Repair Project, Project No. PW 25-09. 2. Alternatively, discuss and take other action related to this item. C. PUBLIC HEARINGS D. STAFF PRESENTATIONS 8. Investment Portfolio Report for September 2025 and Investment Policy Statement Update Recommendation - 1. Receive and file the Investment Portfolio Report dated September 2025 and Investment Policy. 2. Alternatively, discuss and take other action related to these items. E. COMMITTEES, COMMISSIONS AND BOARDS PRESENTATIONS F. REPORTS - CITY CLERK G. REPORTS - COUNCIL MEMBERS Council Member Keldorf Council Member Giroux Page 5 of 99 Council Member Boyles Mayor Pro Tern Baldino Mayor Pimentel H. REPORTS - CITY ATTORNEY I. REPORTS/FOLLOW-UP - CITY MANAGER CLOSED SESSION The City Council may move into a closed session pursuant to applicable law, including the Brown Act (Government Code Section §54960, et seq.) for the purposes of conferring with the City's Real Property Negotiator; and/or conferring with the City Attorney on potential and/or existing litigation; and/or discussing matters covered under Government Code Section §54957 (Personnel); and/or conferring with the City's Labor Negotiators. REPORT OF ACTION TAKEN IN CLOSED SESSION (if required) ►yi 14 iyi IC N F_'VRI ADJOURNMENT POSTED: DATE: October 30, 2025 TIME: 1:30 PM BY: Susan Truax, City Clerk 0 Page 6 of 99 rortamatt"On Citp of (fC *Cgunbu, California WHEREAS, In an effort to provide for children who otherwise might not experience the joy of the holiday season, the City of El Segundo Fire Department along with other Southland fire agencies, has participated in the Spark of Love program for the past thirty years and has collected toys and food items donated during the holidays; and WHEREAS, The ever upward spiraling cost of living burdens disadvantaged and displaced families who may not be able to give gifts during the holiday season without help from the Spark of Love program; and WHEREAS, The true holiday spirit is reflected in unselfish giving and our thoughts and hearts go out to those less fortunate than ourselves; and WHEREAS, In the past, with the help of civic -minded citizens who live and work in our community, hundreds of toys plus food items have been collected and distributed to children and families in El Segundo and other South Bay cities. NOW, THEREFORE, on this 4th day of November, 2025, the Mayor and Members of the City Council of the City of El Segundo, California, do hereby proclaim November 17, 2025 through December 19, 2025 as the Spark of Love Toy Drive. SPARKOF .. LOVE TOY DRIVE '® 8UBARU The community is encouraged to support this holiday program by contributing toys to the El Segundo Fire Department, Fire Station No. 1 at 314 Main Street, during the period of November 17 through December 19, 2025. Ryan Baldino Mayor Pro Tern C Lance Giroux Chris Pimentel Mayor Drew Boyles Councilmember CC•� , Michelle Keldorf Councilmember Councilmember Page 7 of 99 rortamatt"On Citp of (fY *egunbo, (California WHEREAS, The City of El Segundo encourages and promotes strong, diverse, and inclusive communities that recognize and celebrate efforts to bring people together for a greater good; and WHEREAS, The City of El Segundo honors the Tongva people, the original inhabitants of El Segundo who have been recognized by the State of California, the California General Assembly, and by Los Angeles County with the depiction of a Tongva women on the Los Angeles County seal; and WHEREAS, The City of El Segundo recognizes that as part of Los Angeles County, we occupy land originally and still cared for by the Tongva, Tataviam, Serrano, Kizh, and Chumash People. We honor and pay respect to their elders and descendants, past, present, and future as they continue their stewardship of these lands and waters; and WHEREAS, National Native American or American Indian Heritage Month was first celebrated in 1976, when Congress proclaimed "Native American Awareness Week". In November of 1986 President Reagan designated American Indian Week, in November of 1990 President Bush designated National American Indian Heritage Month; and WHEREAS, The celebration of American Indian Heritage Month honors the culture, resilience, history, and legacy of indigenous peoples. The City of El Segundo is committed to cultural preservation, learning and education, and values and uplifts all people. NOW, THEREFORE, on this 4th day of November, 2025, the Mayor and Members of the City Council of the City of El Segundo, California, hereby proclaim the month of November 2025 "American Indian Heritage Month" in recognition of diverse native and indigenous communities, and in support of our collective efforts towards truth, equity, and accountability for all. Ryan Baldino Mayor Pro Tern C Lance Giroux 00 Chris Pimentel Mayor Drew Boyles Councilmember Michelle Keldorf Councilmember Councilmember Page 8 of 99 SPECIAL MEETING MINUTES OF THE EL SEGUNDO CITY COUNCIL GENERAL PLAN LAND USE STUDY SESSION TUESDAY, OCTOBER 21, 2025 OPEN SESSION — Mayor Pimentel called the meeting to order at 4:02 PM ROLL CALL Mayor Pimentel - Present Mayor Pro Tern Baldino - Present Council Member Boyles - Present Council Member Giroux - Present Council Member Keldorf - Present PUBLIC COMMUNICATION — (Related to City Business Only — 5-minute limit per person, 30-minute limit total) Anya Goldstein, resident, spoke about the General Plan Land Use Element CITY MANAGER FOLLOW UP COMMENTS: SPECIAL ORDER OF BUSINESS: A. STAFF PRESENTATIONS: 1. Study Session Regarding El Segundo I Vision 2050, the City's Effort to Update the General Plan Land Use Element: Receive and file a presentation including a progress update, a summary of public outreach efforts, and preliminary guiding principles for El Segundo I Vision 2050 (the City's General Plan Land Use Element Update); take public testimony; and discuss and provide direction on the preliminary guiding principles for El Segundo I Vision 2050. (Fiscal Impact: None.) Michael Allen, Community Development Director, and Laura Stetson, Principal from Moore, lacofano, Goltsman (MIG), along with Community Development staff, presented the item. Council Discussion Council consensus to receive and file the presentation and progress update and to provide direction to staff. Adjourned at 5:30 PM Susan Truax, City Clerk Page 9 of 99 MEETING MINUTES OF THE EL SEGUNDO CITY COUNCIL TUESDAY, OCTOBER 21, 2025 CLOSED SESSION - Mayor Pimentel called the meeting to order at 5:30 PM WO] IWei-Al II Mayor Pimentel - Present Mayor Pro Tern Baldino - Present Council Member Boyles - Present Council Member Giroux - Present Council Member Keldorf - Present PUBLIC COMMUNICATION - (Related to City Business Only - 5-minute limit per person, 30-minute limit total) SPECIAL ORDER OF BUSINESS: Mayor Pimentel announced that Council would be meeting in closed session pursuant to the items listed on the agenda. CONFERENCE WITH CITY'S LABOR NEGOTIATOR (GOV'T CODE §54957.6): -2- MATTER(S) Employee Organizations: Police Officers' Association (POA), City Employees Association (CEA) Agency Designated Representative: Laura Drottz Kalty, City Manager, Darrell George, and Human Resources Director, Rebecca Redyk Adjourned at 6.00 PM Minutes are prepared and ordered to correspond to the agenda. OPEN SESSION - Mayor Pimentel called the meeting to order at 6:06 PM ROLL CALL Mayor Pimentel - Present Mayor Pro Tern Baldino - Present Council Member Boyles - Present Council Member Giroux - Present Council Member Keldorf - Present INVOCATION - Father Alexi Smith, St. Andrews Russian Greek Catholic Church PLEDGE OF ALLEGIANCE - Mayor Pro Tern Baldino SPECIAL PRESENTATIONS: EL SEGUNDO CITY COUNCIL MEETING MINUTES OCTOBER 21, 2025 PAGE 1 Page 10 of 99 1. Donation to the Worker Family and the El Segundo Unified School District PTA Council from the El Segundo Firefighters' Association 5K Rock n' Run Event — presented by ESFA members Khalid Abdelshife and Geoff Gerny 2. Chevron Fire Incident Update — Director Brian Stock PUBLIC COMMUNICATIONS — (Related to City Business Only — 5-minute limit per person, 30-minute limit total) John Pickhaver, resident, spoke on the Hispanic Heritage Month Proclamation. Mitra Engineer, resident, spoke on the Aquatics Business Plan discussion from the last meeting. David Tong, Resident, spoke on the Aquatics Business Plan discussion from the last meeting. Anya Goldstein, resident, spoke in support for the Latino community. Nancy Johns, resident, read a letter on behalf of resident Kelly Stuart regarding racial profiling. Phelan Archuleta, resident, spoke about the recent fire at the Chevron refinery. Jan Zoochie, resident, spoke about the Aquatics Business Plan discussion from the last meeting. Is] Iva075 e10MTela1:911111aIAIX61TITQIINrole] JI►VA121►1�"i MOTION by Council Member Giroux, SECONDED by Mayor Pro Tern Baldino to read all ordinances and resolutions on the agenda by title only. MOTION PASSED 5/0 AYES: Pimentel, Baldino, Boyles, Giroux, and Keldorf NOES: None ABSTAIN: None ABSENT: None B. CONSENT: 3. Approve the City Council Meeting Minutes of October 7, 2025: (Fiscal Impact: None.) 4. Warrant Demand Register for September 8, 2025 through September 28, 2025: Ratify payroll and employee benefit checks; checks released early due to contracts or agreements; emergency disbursements and/or adjustments; and wire transfers. Approve Warrant Demand Register numbers 6A, 613 and 7A: warrant numbers 3057256 through 3057627, and 9003412 through 9003424. (Fiscal Impact: The warrants presented were drawn in payment of demands included within the FY 2025-2026 Adopted Budget. The total of $8,348,642.88 ($3,491,399.70 in check warrants and $4,857,243.18 in wire warrants) are for demands drawn on the FY 2025-2026 Budget.) Item 5 Pulled by Mayor Pimentel 6. Resolution Rejecting All Bids and Authorizing Readvertisement of the Project EL SEGUNDO CITY COUNCIL MEETING MINUTES OCTOBER 21, 2025 PAGE 2 Page 11 of 99 for the George E. Gordon Clubhouse HVAC Replacement Project at Recreation Park, Project No. PW 25-14: Adopt Resolution No. 5569 rejecting all bids for engineering plans and specifications for the George E. Gordon Clubhouse HVAC Replacement Project at Recreation Park. Project No. PW 25-14. Authorize staff to re -advertise the project for bids. (Fiscal Impact: Amount Budgeted: $150,000 Additional Appropriation: None Account Number(s): 301-511-4101-1-88400 (Citywide HVAC CIP account).) MOTION by Council Member Keldorf, SECONDED by Council Member Giroux to approve Consent items 3, 4, and 6. MOTION PASSED 5/0 AYES: Pimentel, Baldino, Boyles, Giroux, and Keldorf NOES: None ABSTAIN: None ABSENT: None Pulled Item: 5. Award of Construction Contract to CJ Concrete Construction, Inc. for $129,900 for the Community Development Block Grant American Disability Act Curb Ramp Improvements Project No. 602744-24/PW 24-13: Waive minor irregularities in the bid from CJ Concrete Construction, Inc. Award a standard Public Works Construction Contract No. 7442 to CJ Concrete Construction, Inc. for $129,900 for the Community Development Block Grant American Disability Act Curb Ramp Improvements Project No. 602744-24/PW 24-13. Authorize an additional $15,000 as contingency funds for potential unforeseen conditions. Authorize the City Manager to execute the contract. (Fiscal Impact: Included in the adopted FY 2025-26 Budget. Amount Budgeted: $155,823 Additional Appropriation: No. Account Number: 111-508-2404-3-88499 (CDBG Fund Capital Improvement Project)) MOTION by Council Mayor Pimentel, SECONDED by Mayor Pro Tern Baldino to approve Consent item 5. I►VAWIIto] ►1WT_V&9210will AYES: Pimentel, Baldino, Boyles, Giroux, and Keldorf NOES: None ABSTAIN: None ABSENT: None C. PUBLIC HEARING: None EL SEGUNDO CITY COUNCIL MEETING MINUTES OCTOBER 21, 2025 PAGE 3 Page 12 of 99 D. STAFF PRESENTATIONS: 7. Resolution Authorizing the Public Works Director to Approve Plans and Specifications for the Teen Center, Plaza, and Skatepark Renovation Project at Recreation Park, Project No. PW 25-13: Adopt Resolution No. 5570 authorizing the Public Works Director, or designee, to approve engineering plans and construction specifications for the Renovations of the Teen Center, Plaza, and Skatepark at Recreation Park. Project No. PW 25-13 to avail the City of immunities pursuant to Government Code § 830.6. Authorize staff to advertise the project for construction bidding, as required. (Fiscal Impact: Included in Adopted FY 2025-26 Budget Amount Budgeted: $10,414,269.72 Additional Appropriation: None Account Number(s): 301-511-4101-1-88421 The estimated total project construction cost for the renovations to the Teen Center and Teen Plaza (including Basketball Court & Skate Park) is $4,950,000. This estimated cost does not include soft costs such as Construction Management and Construction Administration costs.) Aly Mancini, Recreation, Parks, and Library Director introduced Jennifer Zell, a consultant from MIG, Inc. to present the item. Elias Sassoon Director of Public Works answered follow-up questions. Council Discussion Mark Hensley, City Attorney, read by title only: RESOLUTION NO. 5570 A RESOLUTION AUTHORIZING THE PUBLIC WORKS DIRECTOR, OR DESIGNEE, TO APPROVE THE PLANS AND SPECIFICATIONS FOR RENOVATION OF TEEN CENTER, PLAZA, AND SKATEPARK AT RECREATION PARK, PROJECT (NO. PW 25-13), PURSUANT TO GOVERNMENT CODE § 830.6 AND EL SEGUNDO MUNICIPAL CODE SECTION 1-7C-11 AND ESTABLISHING A PROJECT PAYMENT ACCOUNT. MOTION by Mayor Pro Tern Baldino, SECONDED by Council Member Giroux to adopt Resolution No. 5570 and authorize staff to advertise the project for construction bidding. MOTION PASSED 5/0 AYES: Pimentel, Baldino, Boyles, Giroux, and Keldorf NOES: None ABSTAIN: None EL SEGUNDO CITY COUNCIL MEETING MINUTES OCTOBER 21, 2025 PAGE 4 Page 13 of 99 ABSENT: None 8. Recreation and Parks Divisions Organization Assessment Report: Receive and file the Baker Tilly Recreation and Parks Divisions Organization Assessment report. (Fiscal Impact: There is no fiscal impact associated with the review of the assessment. If various recommendations are implemented, there could be future budget implications.) Aly Mancini, Recreation, Parks, and Library Director presented the item. Council Discussion Council consensus to receive and file the Recreation and Parks Divisions Organization Assessment report. 9. Agreement with Matrix Consulting Group, Ltd. for a Citywide Staffing Assessment: Authorize the City Manager to execute a Professional Services Agreement with Matrix Consulting Group, Ltd. in an amount not -to -exceed $112,560 for a citywide staffing assessment. Michael Allen, Community Development Director, and Paul Chung, CFO and City Treasurer, presented the item. Council Discussion MOTION by Mayor Pimentel, SECONDED by Council Member Keldorf to authorize the City Manager to execute a Professional Services Agreement No. 7443 with Matrix Consulting Group, Ltd. in an amount not -to -exceed $134,800, including a city fleet profile, utilization review, and report; and replacement plan and outsourcing analysis if determined necessary by the City Manager. MOTION PASSED 5/0 AYES: Pimentel, Baldino, Boyles, Giroux, and Keldorf NOES: None ABSTAIN: None ABSENT: None E. COMMITTEES, COMMISSIONS, AND BOARDS PRESENTATION: 10. Update on Major Events Committee Activities, El Segundo Wiseburn Aquatics Center Facility Use Agreements, and Proposed Initiatives in Preparation for FIFA World Cup 2028 and LA28 Olympic and Paralympic Games: Receive and File Update on Major Events Committee Activities ("Major Events" meaning the FIFA World Cup 2026, Super Bowl LXI 2027, and the LA28 Olympic and Paralympic Games). Authorize the City Manager to execute Facility Use Agreements with interested professional teams for the use of the El Segundo Wiseburn Aquatics Center for training camps leading up to and during the LA28 Olympics or other professional competitions, EL SEGUNDO CITY COUNCIL MEETING MINUTES OCTOBER 21, 2025 PAGE 5 Page 14 of 99 at a rate of $80 per lane per hour, to off -set equipment procurement costs, operational costs, and resident displacement cost; including exclusive use of the 10-lane competition pool, and access to services and equipment to be provided by or procured by the City as part of the agreement. Provide direction regarding the scope of research and planning for event activation and community engagement. Provide direction regarding the research and development of a temporary off -site signage policy. Provide direction regarding the research and development of a policy regarding short-term rentals during major events. Provide direction regarding the research and proposal development for a temporary residential parking protection strategy. (Fiscal Impact: The potential fiscal impact of the subject initiatives includes both direct revenue generation and indirect economic benefits. • El Segundo Wiseburn Aquatics Center Agreement: The proposed Facility Use Agreement with interested teams for the El Segundo Wiseburn Aquatics Center represents a direct revenue stream for the City. The facility use agreement for use of the 10-lane competition pool is $80/hour per lane, which includes 100% cost recovery for staff time, equipment procurement and use, and resident displacement from regular programming and use of the aquatics center. • Short -Term Rentals: Should the City Council eventually approve an ordinance allowing temporary short-term rentals, it could lead to a temporary increase in Transient Occupancy Tax (TOT) revenue. This would also generate additional business license fees from property owners. The revenue generated would be dependent on the number of participating properties and the duration of the major events. As a point of reference, since adoption of the current short-term home share program, approximately 20 homes have participated, generating approximately $84,000 in permitting and TOT fees annually. However, the City has incurred significant Code Enforcement costs enforcing the ordinance. • Event Activation: While these initiatives may require an initial investment of City funds, they are expected to generate economic benefits for local businesses. Event activations, such as fan zones and community events, can drive consumer spending on retail, dining, and other services. Further research will be required to project costs and potential positive economic benefits, including off -setting costs by collaborating and partnering with the local business community to sponsor, support, and assist in the planning and execution of any event activations. Costs to provide audio/visual equipment, movie screens, porta potties, and trash services, as well as staffing costs for public safety and City employees will depend on the scope and duration of the event(s), which will be reported back to City Council prior to advancing any community activations. • Temporary Off -Site Signage: The temporary off -site signage program presents an opportunity for direct revenue generation for the City and substantial indirect economic growth for local businesses through a revenue -sharing model. The proposed partnership would allow the City to capitalize on the high demand for EL SEGUNDO CITY COUNCIL MEETING MINUTES OCTOBER 21, 2025 PAGE 6 Page 15 of 99 large -format branding opportunities during major events. Rather than simply issuing permits, the City could establish a revenue -sharing agreement with a media partner and private property owners. This model would grant the City a percentage of the revenue generated from the lease of temporary advertising space on commercially attractive properties. However, as noted below and in the attached December 3, 2024 staff report, there are significant legal issues that should be considered when modifying the City's current sign ordinance.) Michael Allen, Community Development Director and Aquatics Manager Joe Lormans presented the item. Council Discussion MOTION by Mayor Pro Tern Baldino, SECONDED by Mayor Pimentel to receive and file the Major Events Committee Activities update. MOTION PASSED 5/0 AYES: Pimentel, Baldino, Boyles, Giroux, and Keldorf NOES: None ABSTAIN: None ABSENT: None MOTION by Mayor Pro Tern Baldino, SECONDED by Mayor Pimentel authorize the City Manager to execute Facility Use Agreements for the use of the Ell Segundo Wiseburn Aquatics Center. MOTION PASSED 5/0 AYES: Pimentel, Baldino, Boyles, Giroux, and Keldorf NOES: None ABSTAIN: None ABSENT: None MOTION by Council Member Giroux, SECONDED by Mayor Pimentel to provide direction regarding the scope of research and planning for event activation and community engagement. MOTION PASSED 5/0 AYES: Pimentel, Baldino, Boyles, Giroux, and Keldorf NOES: None ABSTAIN: None ABSENT: None Council consensus to ask the City Attorney to review regulations that may impact the research and development of a temporary off -site signage policy for The World Cup and Olympics only. MOTION by Mayor Pimentel, SECONDED by Council Member Giroux to provide direction regarding the research and proposal development for a temporary residential parking protection strategy. EL SEGUNDO CITY COUNCIL MEETING MINUTES OCTOBER 21, 2025 PAGE 7 Page 16 of 99 MOTION PASSED 5/0 AYES: Pimentel, Baldino, Boyles, Giroux, and Keldorf NOES: None ABSTAIN: None ABSENT: None Council consensus to provide no further direction regarding the research and development of a policy regarding short-term rentals during major events. F. REPORTS — CITY CLERK — Reminded registered voters to submit ballots for the state's November 4, 2025 Special Election. Had the pleasure of joining Mayor Pro Tern Baldino to give a tour to Richmond Street Elementary School student Rae Murphy and her parents. Ce�:3g1�]:i���Z�1�L[yl�►�I�►�1:3�:� Council Member Keldorf — Tomorrow is the United Against Hate vigil at 5:30 PM in City Hall Plaza. Council Member Giroux — No Report Council Member Boyles — It was recently reported in the Space Dirt publication that El Segundo has more than 25 Frontier Technology Companies per square mile, far surpassing any other city in the entire United States. Mayor Pro Tern Baldino — The Aquatics Sub -committee gave an update on Plunge construction, the completion date of which has been delayed until February 2026. The deadline is fast approaching for contributors to have a plaque placed on the Donor Wall at the Plunge. A "Dive -in Movie" will be held at The Aquatics Center on November 21. An Aquatics Camp will be held Monday through Wednesday of Thanksgiving Week. He thanked Aquatics Manager Joe Lormans and the Aquatics Sub -Committee for all the work they do. He thanked the Clerk for giving a City Hall tour to a local student and her family. Mayor Pimentel — It was announced at last week's Sanitation meeting that rates will go up next year for those customers east of PCH. Work is not able to continue at this time on the Tunnel collapse near the Port of Los Angeles. The French Consular delegation recently visited. The Council of Governments (COG) Transportation Committee met on Monday regarding the potential Green Line extension. The Los Angeles Economic Development Corporation (LAEDC) hosted a Defense Roundtable regarding the concerns for the future of the Los Angeles Air Force Base. Thanked Deputy City Manager Barbara Voss for doing a fantastic job during LA Tech Week. Recently attended E Tech Week in San Francisco. The West Basin Municipal Water District will celebrate its 30tn Anniversary and hold its annual Water Harvest Festival this Saturday, October 25 at the Edward C. Little Water Recycling Facility. EL SEGUNDO CITY COUNCIL MEETING MINUTES OCTOBER 21, 2025 PAGE 8 Page 17 of 99 REPORTS — CITY ATTORNEY — No report J. REPORTS/FOLLOW-UP — CITY MANAGER —Reported the AQMD received 54 odor complaints and 2 notices of violation were issued since October 7. Held the Community Forum and Tour last Saturday. The City of Los Angeles in partnership with Heal the Bay will host a Harmful Algae Bloom Summit this Thursday. MEMORIAL: None Adjourned at 8.06 PM Susan Truax, City Clerk EL SEGUNDO CITY COUNCIL MEETING MINUTES OCTOBER 21, 2025 PAGE 9 Page 18 of 99 City Council Agenda Statement F I, F �' t 1) 0Meeting Date: November 4, 2025 Agenda Heading: Consent Item Number: B.4 TITLE: Warrant Demand Register for September 29, 2025 through October 19, 2025 RECOMMENDATION: Ratify payroll and employee benefit checks; checks released early due to contracts or agreements; emergency disbursements and/or adjustments; and, wire transfers. 2. Approve Warrant Demand Register numbers 7B, 8A Payroll Warrant, 8A, and 8B: warrant numbers 3057628 through 3057633, 3070001 through 3070079, 9003425, and 9100001. There was no check run between September 29- October 5, 2025 due to the transition from the City's previous ERP to its new EERP. There is an intentional gap in warrant numbers beginning after 3057633 and after 9003425 due to the transition from the City's previous ERP to its new EERP to allow for payroll -related checks run through Accounts Payable until the City has fully migrated its payroll module. 3. Alternatively, discuss and take other action related to this item. FISCAL IMPACT: The warrants presented were drawn in payment of demands included within the FY 2025-2026 Adopted Budget. The total of $5,781,533.98 ($639,250.98 in check warrants and $5,142,283.00 in wire warrants) are for demands drawn on the FY 2025-2026 Budget. BACKGROUND: California Government Code Section 37208 provides General Law cities flexibility in how budgeted warrants, demands, and payroll are audited and ratified by their legislative body. Pursuant to Section 37208 of the California Government Code, warrants drawn in payments of demands are certified by the City's Chief Financial Officer and City Manager as conforming to the authorized expenditures set forth in the Page 19 of 99 Warrant Demand Register November 4, 2025 Page 2 of 2 City Council adopted budget need not be audited by the City Council prior to payment, but may be presented to the City Council at the first meeting after delivery. In government finance, a warrant is a written order to pay that instructs a federal, state, county, or city government treasurer to pay the warrant holder on demand or after a specific date. Such warrants look like checks and clear through the banking system like checks. Warrants are issued for payroll to individual employees, accounts payable to vendors, to local governments, and to companies or individual taxpayers receiving a refund. DISCUSSION: The attached Warrants Listing delineates the warrants that have been paid for the period identified above. The Chief Financial Officer certifies that the listed warrants were drawn in payment of demands conforming to the adopted budget and that these demands are being presented to the City Council at its first meeting after the delivery of the warrants. CITY STRATEGIC PLAN COMPLIANCE: Goal 5: Champion Economic Development and Fiscal Sustainability Strategy A: Identify opportunities for new revenues, enhancement of existing revenues, and exploration of potential funding options to support programs and projects. PREPARED BY: Liz Lydic, Management Analyst REVIEWED BY: Wei Cao, CPA, CPFO, Finance Manager APPROVED BY: Barbara Voss, Deputy City Manager ATTACHED SUPPORTING DOCUMENTS: 1. Register 7b - summary 2. Register 8a Payroll Warrant - summary 3. Register 8a - summary 4. Register 8b - summary Page 20 of 99 -- ( 13 CITY OF EL SEGUNDO PAYMENTS BY WIRE TRANSFER 09/29/25 THROUGH 10/05/25 Date Pavee Description 10/1/2025 Cal Pers Cal Pers Admin Late Reporting Fee 10/1/2025 Cal Pers 33,460.95 misc classic 2nd tier 27 10/1/2025 Cal Pers 56,007.61 safety police classic 1st tier 28 10/1/2025 Cal Pers 34,509.69 safety fire PEPRA New 25020 10/1/2025 Cal Pers 49,578.75 safety police PEPRA New 25021 10/1/2025 Cal Pers 69,257.68 misc PEPRA New 26013 10/1/2025 Cal Pers 58,249.25 safety fire classic 30168 10/1/2025 Cal Pers 28,169.29 safety police classic 30169 10/1/2025 Unum 149.80 Long Term Care Premium 10/3/2025 Cal Pers 33,756.31 misc classic 2nd tier 27 10/3/2025 Cal Pers 52,676.31 safety police classic 1 st tier 28 10/3/2025 Cal Pers 31,974.75 safety fire PEPRA New 25020 10/3/2025 Cal Pers 49,588.13 safety police PEPRA New 25021 10/3/2025 Cal Pers 68,293.29 misc PEPRA New 26013 10/3/2025 Cal Pers 56,193.91 safety fire classic 30168 10/3/2025 Cal Pers 20,752.44 safety police classic 30169 09/22/25-09/28/25 Workers Comp Activity 152,160.83 Corvel checks issued/(voided) 09/22/25-09/28125 Liability Trust - Claims 2,245.33 Claim checks issued/(voided) 09/22/25-09/28/25 Retiree Health Insurance 10,346.83 Health Reimbursment checks issued 807,371.15 DATE OF RATIFICATION: 10/03/25 TOTAL PAYMENTS BY WIRE: Certified as to the accuracy of the wire transfers by: l lal3 a5 u Deputy City Treasurer II Date t v f 131vS Chie Financial Officer jK1 Date 10 -1)-zs City Manager Date 807,371.15 Information on actual expenditures is available in the City Treasurer's Office of the City of El Segundo. PACity Treasurer\Wire Transfers\Wire Transfers 07-01-25 to 6-30-26 10/3/2025 1/1 Page 21 of 99 CITY OF EL SEGUNDO WARRANTS TOTALS BY FUND 3057628 9003425 3057633 9003425 001 GENERAL FUND 14,271.68 003 EXPENDABLE TRUST FUND - OTHER 104 TRAFFIC SAFETY FUND 106 STATE GAS TAX FUND 108 ASSOCIATED RECREATION ACTIVITIES 109 ASSET FORFEITURE FUND 110 MEASURER" 111 COMM. DEVEL. BLOCK GRANT 112 PROP "A" TRANSPORTATION 114 PROP "C' TRANSPORTATION 115 AIR QUALITY INVESTMENT PROGRAM 116 HOME SOUND INSTALLATION FUND 117 HYPERION MITIGATION FUND 118 TDA ARTICLE 3 - SB 821 BIKEWAY FUNC 119 MTA GRANT 121 FEMA 120 C.O.P.S FUND 122 L.A.W.A. FUND 123 PSAF PROPERTY TAX PUBLIC SAFETY 124 FEDERAL GRANTS 125 STATE GRANT 126 A1P CUPA PROGRAM OVERSIGHT SURC 127 MEAURE"M" 128 SB-1 129 CERTIFIED ACCESS SPECIALIST PROGF 130 AFFORDABLE HOUSING 131 COUNTY STORM WATER PROGRAM 132 MEASURE "B" 202 ASSESSMENT DISTRICT #73 301 CAPITAL IMPROVEMENT FUND 302 INFRASTRUCTURE REPLACEMENT FUN 311 DEVELOPER IMPACT FEES - GENERAL ( 312 DEVELOPER IMPACT FEES - LAW ENFO 313 DEVELOPER IMPACT FEES - FIRE PROT 314 DEVELOPER IMPACT FEES - STORM DR 315 DEVELOPER IMPACT FEES - WATER DIE 316 DEVELOPER IMPACT FEES - WASTEWA' 317 DEVELOPER IMPACT FEES - LIBRARY 318 DEVELOPER IMPACT FEES -PUBLIC ME 319 DEVELOPER IMPACT FEES -AQUATICS 320 DEVELOPER IMPACT FEES - PARKLAND 405 FACILITIES MAINTENANCE 501 WATER UTILITY FUND 502 WASTEWATER FUND 503 GOLF COURSE FUND 504 SENIORHOUSING CITY ATTORNEY 505 SOLID WASTE FUND 601 EQUIPMENT REPLACEMENT 602 LIABILITY INSURANCE 603 WORKERS COMP. RESERVE/INSURANC 701 RETIRED EMP. INSURANCE 702 EXPENDABLE TRUST FUND - DEVELOPE 703 EXPENDABLE TRUST FUND - OTHER 704 EXPENDABLE TRUST FUND - OTHER 708 OUTSIDE SERVICES TRUST TOTAL WARRANTS 14 271.68 NOTES: Check# 3057632 made payable to Leo Web DATE OF APPROVAL: AS OF 10121/25 REGISTER # 8a Page 22 of 99 City of El Segundo, CA 90245 PRELIMINARY ACCOUNTS PAYABLE WARRANT REPORT DATE: 10/10/2025 WARRANT: 101025 AMOUNT: 171,721.53 3070001-3070041 9100001-9100001 STATE OF CALIFORNIA COUNTY OF LOS ANGELES Information on actual expenditures is available in the Chief Financial Officer's office in the City of El Segundo. I certify as to the accuracy of the Demands and the availability of fund for payment thereof. For Approval: Regular checks held for City council authorization to release. CODES: R = Computer generated checks for all non-emergency/urgency payments for materials, supplies and services in support of City Operations For Ratification: A = Payroll and Employee Benefit checks B - F = Computer generated Early Release disbursements and/or adjustments approved by the City Manager. Such as: payments for utility services, petty cash and employee travel expense reimbursements, various refunds, contract employee services consistent with current contractual agreements, instances where prompt payment discounts can be obtained or late payment penalties can be avoided or when a situation arises that the City Manager approves. H = Handwritten Early Release disbursements and/or adjustments approved by the City Manager. CHIEF FINANCIAL OFFICER: DATE: Report generated: 10/10/2025 08:21:45 User: Heather Harding (131 hharding) Program to: apwarmt 'V NA DATE: Warrant 8a Page Page 23 of 99 CITY OF EL SEGUNDO PAYMENTS BY WIRE TRANSFER 10/06/25 THROUGH 10/12/25 Date Payee Description 10/10/2025 West Basin 3,002,913.30 H2O payment 10/10/2025 Cal Pers 5,229.96 Health PA Billing Non-Pers 10/10/2025 Cal Pers 760,129.09 Health PA Billing Pers 10/10/2025 IRS 301,290.96 Federal941 Deposit 10/10/2025 Employment Development 5,902.99 State SDI payment 10/10/2025 Employment Development 71,151.41 State PIT Withholding 10/10/2025 Mission Square 76,967.12 457 payment Vantagepoint 10/10/2025 Mission Square 1,162.51 401(a) payment Vantagepoint 10/10/2025 Mission Square 2,613.30 401(a) payment Vantagepoint 10/10/2025 Mission Square 701.49 IRA payment Vantagepoint 10/10/2025 ExpertPay 1,615.30 EFT Child support payment 09129/25-10/05/25 Workers Comp Activity 75,695.31 Corvel checks issued/(voided) 09/29/25-10/05/25 Liability Trust - Claims 1,131.65 Claim checks issued/(voided) 09/29125-10/05/25 Retiree Health Insurance 3,528.79 Health Reimbursment checks issued 4,310,033.18 DATE OF RATIFICATION: 10/10/25 TOTAL PAYMENTS BY WIRE: Certified as to the accuracy of the wire transfers by: i" ) ►n 35 Deputy City Treasurer I I Date M ancial Offic r Date /0 -13 City Manager Date Information on actual expenditures is available in the City Treasurer's Office of the City of El Segundo. 4,310,033.18 P:1City TreasurerlWire TransferslWire Transfers 07-01-25 to 6-30-26 10/10/2025 1 /1 Page 24 of 99 City of El Segundo, CA 90245 w. PRELIMINARY ACCOUNTS PAYABLE WARRANT REPORT Preliminary Warrant Summary WARRANT: 101025 10/ 10/2025 DUE DATE: 10/1012025 ACCOUNTFUND 001 General Fund 001-501-1301-1-55205- Operating Supplies AMOUNT 13.18 "LB BUDGET -34.99 001 General Fund 001-503-2101-1-55205- Operating Supplies 336.87 4,697.51 001 General Fund 001-503-2102-1-56254- Telephone 183.01 -2,486,83 001 General Fund 001-505-0000-0-10801- Inventory - Gasoline 41,481.46 001 General Fund 001-505-0000-1-56254- Telephone 70.77 1,578.83 001 General Fund 001-505-2501-1-55205- Operating Supplies 168.12 54,344.26 001 General Fund 001-505-2501-1-56254- Telephone 160.00 1,278.56 001 General Fund 001-506-0000-1-55205- Operating Supplies 72.78 1,140.32 001 General Fund 001-506-0000-1-55206- Computer Supplies 1,974.40 2,895.59 001 General Fund 001-506-0000-1-56217- Software Maintenance 3,520.00 143,257.21 001 General Fund 001-506-0000-1-56254- Telephone 2,563.74 1,716.53 001 General Fund 001-507-0000-1-55205- Operating Supplies 35.62 878.34 001 General Fund 001-507-0000-1-56214- Professional & Techni 5,459.10 196,704.09 001 General Fund 001-507-0000-1-56262- Testing/Recruitment 1,890.00 84,400.79 001 General Fund 001-508-2404-3-55205- Operating Supplies 57.97 3,788.70 001 General Fund 001-509-3101-2-55205- Operating Supplies 39.54 -2,339.54 001 General Fund 001-509-3101-2-56226- Repairs & Maintenance 745.22 43.04 001 General Fund 001-509-3101-2-56254- Telephone 622.43 -54,396.19 001 General Fund 001-509-3101-2-56274- Investigations Expens 85.00 1,585.72 001 General Fund 001-510-3201-2-55205- Operating Supplies 74.52 15,018.11 001 General Fund 001-510-3201-2-56209- Meetings & Travel 301.68 4,528.00 001 General Fund 001-510-3201-2-56254- Telephone 462.33 12,572.25 001 General Fund 001-510-3202-2-54215- Uniform Replacement 1,432.00 4,584.79 001 General Fund 001-510-3202-2-55205- Operating Supplies 575.39 4,343.15 001 General Fund 001-510-3203-2-54215- Uniform Replacement 740.00 7,649.05 001 General Fund 001-510-3203-2-55205- Operating Supplies 1,145.67 1,972.00 001 General Fund 001-510-3203-2-56208- Dues & Subscriptions 250.00 789.00 001 General Fund 001-510-3204-2-54215- Uniform Replacement 185.00 538.00 001 General Fund 001-510-3204-2-56254- Telephone 297.46 1,114.56 001 General Fund 001-510-3255-2-56254- Telephone 44.87 4,600.74 001 General Fund 001-511-4101-7-55205- Operating Supplies 28.56 0.00 001 General Fund 001-511-4202-7-56102- Electricity Utility 2,319.27 -5,843.19 001 General Fund 001-511-4205-7-56102- Electricity Utility 30,534.04 -109,743.29 001 General Fund 001-511-4302-7-56102- Electricity Utility 976.71 -787.82 001 General Fund 001-511-4601-1-56102- Electricity Utility 1,294.43 -2,784.60 001 General Fund 001-512-5102-8-55205- Operating Supplies 51.93 -75.08 001 General Fund 001-512-5102-8-56102- Electricity Utility 1,294.43 3,667.94 001 General Fund 001-512-5102-8-56254- Telephone 133.11 2,585.90 001 General Fund 001-512-5201-8-55205- Operating Supplies 84.27 2,268.40 001 General Fund 001-512-5205-8-56254- Telephone 169.09 220.40 Report generated: 10/10/2025 08:21:45 Page 12 User: Heather Harding (131hharding) Program ID: apwarrnt Page 25 of 99 City of El Segundo, CA 90245 PRELIMINARY ACCOUNTS PAYABLE WARRANT REPORT 001 General Fund 001-512-5213-8-55205- 001 General Fund 001-512-6101-8-55205- 001 General Fund 001-512-6102-8-56214- 001 PUBLIC WORKS 001-511-2601-1-55205- 001 PUBLIC WORKS 001-511-2601-1-56102- 001 PUBLIC WORKS 001-511-2601-1-56254- CASH ACCOUNT 999-000-0000-0-10003- BALANCE .00 120 C.O.P.S. Fund 120-509-3101-2-56214- CASH ACCOUNT 999-000-0000-0-10003- BALANCE .00 126 CU PA 126-510-3205-2-56254- CASH ACCOUNT 999-000-0000-0-10003- BALANCE .00 501 Water Utility Fund 501-000-7102-5-56102- 501 Water Utility Fund 501-000-7102-5-56254- CASH ACCOUNT 999-000-0000-0-10003- BALANCE .00 502 Sewer Fund 502-000-4301-5-56102- 502 Sewer Fund 502-000-4301-5-56254- CASH ACCOUNT 999-000-0000-0-10003- BALANCE .00 Report generated: 10/1012025 08:21:45 User: Heather Harding (131hharding) Program ID: apwarrnt Operating Supplies Operating Supplies Professional & Techni Operating Supplies Electricity Utility Telephone FUND TOTAL Professional & Techni FUND TOTAL Telephone FUND TOTAL Electricity Utility Telephone FUND TOTAL Electricity Utility Telephone FUND TOTAL 22.73 49.64 73.97 447.82 43,474.53 2,400.58 3,571.48 2,127.33 2,006.89 619.10 53,582.00 -70,284.54 -1,026.17 40,038.89 298.17 437.47 10,671.25 -3,169.22 2,084.25 Page 13 Page 26 of 99 Warrm t 1? 1b City of El Segundo, CA 90245 ACCOUNTS PAYABLE WARRANT REPORT DATE: 10/16/2025 WARRANT: 101625 AMOUNT: 453,257.77 3070042-3070079 STATE OF CALIFORNIA COUNTY OF LOS ANGELES Information on actual expenditures is available in the Chief Financial Officer's office in the City of El Segundo. I certify as to the accuracy of the Demands and the availability of fund for payment thereof. For Approval: Regular checks held for City council authorization to release. CODES: R = Computer generated checks for all non-emergency/urgency payments for materials, supplies and services in support of City Operations For Ratification: A = Payroll and Employee Benefit checks B - F = Computer generated Early Release disbursements and/or adjustments approved by the City Manager. Such as: payments for utility services, petty cash and employee travel expense reimbursements, various refunds, contract employee services consistent with current contractual agreements, instances where prompt payment discounts can be obtained or late payment penalties can be avoided or when a situation arises that the City Manager approves. H = Handwritten Early Release disbursements and/or adjustments approved by the City Manager. CHIEF FINANCIAL OFFICER: ATE: Report generated: 10/16/2025 11:13:47 User: Heather Harding (131 hharding) Program ID: apwarrnt rTT`7'yANAGER: it o zo ?S DATE: Page Page 27 of 99 CITY OF EL SEGUNDO PAYMENTS BY WIRE TRANSFER 10/13/25 THROUGH 10/19/25 Date Payee 10/06/25-10/12/25 Workers Comp Activity 10/06/25-10/12/25 Liability Trust - Claims 10/06/25-10/12/25 Retiree Health Insurance DATE OF RATIFICATION: 10/17/25 TOTAL PAYMENTS BY WIRE: Certified as to the accuracy of the wire transfers by: - D, -,ell 91 1' - D_ Deputy City Treasurer II Ch inancialOfficer Qlaor-," City Manager Description 24,878.67 Corvel checks issued/(voided) - Claim checks issued/(voided) - Health Reimbursment checks issued 24,878.67 ►o 1 1 q as Date Date to o Z r Date Information on actual expenditures is available in the City Treasurer's Office of the City of El Segundo. 24,878.67 P:\City Treasurer\Wire Transfers\Wire Transfers 07-01-25 to 6-30-26 10/17/2025 1/1 Page 28 of 99 City of El Segundo, CA 90245 ACCOUNTS PAYABLE WARRANT REPORT Warrant Summary WARRANT: 101625 10/16/2025 DUE DATE: 10/16/2025 FUND -ACCOUNT AMOUNT - BUDGET 001 General Fund 001-501-1301-1-56201- Advertising/Publishin 168.00 1,172.00 001 General Fund 001-505-0000-0-10803- Inventory - Garage Pa 3,013.42 001 General Fund 001-505-2501-1-55205- Operating Supplies 85.01 54,344.26 001 General Fund 001-506-0000-1-56217- Software Maintenance 78,531.75 143,257.21 001 General Fund 001-507-0000-1-55205- Operating Supplies 138.88 878.34 001 General Fund 001-507-0000-1-56214- Professional & Techni 2,470.60 196,704.09 001 General Fund 001-507-0000-1-56262- Testing/Recruitment 1,164.52 84,400.79 001 General Fund 001-509-3101-2-54215- Uniform Replacement 837.52 2,858.32 001 General Fund 001-509-3101-2-55205- Operating Supplies 166.78 -2,339.54 001 General Fund 001-509-3101-2-56204- Contractual Services 2,789.43 5,768.23 001 General Fund 001-509-3101-2-56212- Laundry & Cleaning 176.34 0.00 001 General Fund 001-509-3101-2-56274- Investigations Expens 2,058.00 1,585.72 001 General Fund 001-509-3101-2-56288- S.W.A.T.Program 3,201.17 491.74 001 General Fund 001-509-3108-2-56204- Contractual Services 4,165.00 0.00 001 General Fund 001-510-3201-2-55205- Operating Supplies 70.26 15,018.11 001 General Fund 001-510-3201-2-56101- Gas Utility 173.56 2,598.14 001 General Fund 001-510-3201-2-56226- Repairs & Maintenance 15.75 2,988.30 001 General Fund - 001-510-3202-2-54215- Uniform Replacement 2,946.19 4,584.79 001 General Fund 001-510-3202-2-55203- Repair & Maintenance 52.25 3,860.29 001 General Fund 001-510-3202-2-55205- Operating Supplies 1,583.84 4,343.15 001 General Fund 001-510-3203-2-55205- Operating Supplies 1,970.08 1,972.00 001 General Fund 001-510-3203-2-56214- Professional & Techni 4,765.00 4,663.77 001 General Fund - 001-511-4202-7-56101- Gas Utility 7.32 1,495.74 001 General Fund 001-511-4205-7-56102- Electricity Utility 2,413.07 -109,743.29 001 General Fund 001-511-4601-1-55207- - Small Tools & Equipme 239.77 6,180.32 001 General Fund 001-511-4601-1-56101- Gas Utility 5.23 1,211.24 001 General Fund 001-511-4601-1-56224- Vehicle Operating Chat 430.35 71,907.93 001 General Fund 001-512-5102-8-56101- Gas Utility 19.52 12,484.71 001 General Fund 001-512-5210-8-55205- Operating Supplies 378.66 3,247.26 001 General Fund 001-512-6104-8-55205- Operating Supplies 60.88 3,991.42 001 General Fund 001-512-6104-8-55501- Books/Other Printed M 30.31 3,219.43 001 PUBLIC WORKS 001-511-2601-1-56105- Aquatics Gas Utilitie 4,168.66 92,895.18 CASH ACCOUNT 999-000-0000-0-10003- 118 TDA Article 3-SB 821 CASH ACCOUNT 999-000-0000-0-10003- Report generated: 10/16/2025 11:13:47 User: Heather Harding (131hharding) Program to: apwarrnt BALANCE .00 118-511-4101-7-88925- BALANCE .00 FUND TOTAL 118,297.12 BICYCLE/PEDESTRN IMPR 4,291.61 FUND TOTAL 4,291.61 8,695.84 Page 11 Page 29 of 99 City of El Segundo, CA 90245 ACCOUNTS PAYABLE WARRANT REPORT 501 Water Utility Fund 501-000-7102-5-55205- 501 Water Utility Fund 501-000-7102-5-55207- CASH ACCOUNT 999-000-0000-0-10003- BALANCE .00 502 Sewer Fund 502-000-4301-5-56101 - Operating Supplies 575.58 25,153.74 Small Tools & Equipme 1.22 91,914.10 FUND TOTAL 576.80 Gas Utility 3.14 1,926.74 FUND TOTAL 3.14 CASH ACCOUNT 999-000-0000-0-10003- BALANCE .00 601 Equipment Replacement 601-500-2901-1-88108- Capital/Computer Hard 280,702.00 660,949.58 601 Equipment Replacement 601-500-3101-2-88105- Capital/Automotive 49,387.10 292,116.57 FUND TOTAL 330,089.10 CASH ACCOUNT 999-000-0000-0-10003- BALANCE .00 TOTALWARRANT SUMMARY TOTALGRAND Report generated: 10/16/2025 11:13:47 User: Heather Harding (131hharding) Program ID: apwarrnt Page 12 Page 30 of 99 City Council Agenda Statement F I, F, (i t I) O Meeting Date: November 4, 2025 Agenda Heading: Consent Item Number: 13.5 TITLE: Award of Construction Contract with CJ Concrete Construction, Inc. for $99,612 for the Concrete Improvements Project, Project No. PW 25-10. RECOMMENDATION: 1. Authorize the City Manager to execute a standard Public Works Construction Contract with CJ Concrete Construction, Inc. for $99,612 for the Concrete Improvements Project, Project No. PW 25-10, and authorize an additional $30,000 as contingency funds for potential unforeseen conditions. 2. Alternatively, discuss and take other action related to this item. FISCAL IMPACT: Included in the Adopted FY 2025-26 Budget. Amount Budgeted: $200,000 Additional Appropriation: No. Account Number(s): 106-511-4101-7-88606 (Sidewalk Repair - Gas Tax Fund) BACKGROUND: On September 2, 2025, the City Council adopted the plans and specifications for the Concrete Improvements Project, Project No. PW 25-10 (Project) to repair defective sidewalks, curbs, and gutters throughout the City. The project will eliminate potential trip hazards, ensure public safety, restore proper drainage flows, and also install new ADA- compliant curb ramps. 11 &*4 01*1 IC 0 F On September 24, 2025, the City Clerk received and opened six bids as follows: Page 31 of 99 Concrete Improvements Project November 4, 2025 Page 2 of 3 COMPANY NAME BASE BID AMOUNT 1 CJ Concrete Construction, Inc. $99,612 2 Gentry General Engineering $146,861 3 Addison- $162,776 4 FS Contractors, Inc. $164,657 5 Nesbou Homes $189,545 6 Carter Enterprises Group $233.890 City staff noted CJ Concrete Construction, Inc. (CJ Concrete) did not write the company's Form of Legal Entity on the Bidder Information bid page. However, the "Inc." in their company name states they are a corporation. Also, CJ Concrete did write the response, "California" to the "If corporation, State of Incorporation (i.e., California)" question on the same page. No letter of protest was received regarding this missing minor irregularity. City staff respectfully recommend the City Council waive this minor irregularity. CJ Concrete Construction, Inc. is found to be the apparent lowest responsive and responsible bidder. Their state license and DIR registration are in good standing, and they have satisfactorily completed similar concrete projects for the cities of Rialto, Montebello, Santa Ana, Lakewood, and Riverside. They also satisfactorily completed El Segundo's FY 2024-25 Concrete Improvement project. CJ Concrete's base bid is $99,612. A contingency amount of $30,000 is requested for potential unforeseen conditions. Staff respectfully recommend that City Council approve the actions as noted. With the City Council's authorization, the anticipated project schedule is as follows: November 2025: Award Contract January 2026: Begin Construction March 2026: Complete Project CITY STRATEGIC PLAN COMPLIANCE: Page 32 of 99 Concrete Improvements Project November 4, 2025 Page 3 of 3 Goal 1: Develop and Maintain Quality Infrastructure and Technology Strategy A: Seek opportunities to implement and expedite the projects in the Capital Improvement Program and ensure that City -owned infrastructure is well maintained, including streets, entryways, and facilities. Strategy D: Improve mobility and transportation throughout the City. PREPARED BY: Floriza Rivera, Principal Civil Engineer REVIEWED BY: Elias Sassoon, Public Works Director APPROVED BY: Barbara Voss, Deputy City Manager ATTACHED SUPPORTING DOCUMENTS: 1. Vicinity Map PW 25-10 2. Location Map PW 25-10 Page 33 of 99 E'LSEGUNDO Vicinity Map PW 25-10: FY 2025-26 Concrete Improvements Project _,yr;.lan}3eual Fes.. —..— I. I L� I I I I W 111th St t Im erialAve� � re1•f'�ftr �.._..� - - 't�fr+�pbrta��tiap.•Ce�t4ry. �.- EWaInutAve �. hv��LkWaY vl - E SycamoreAve A c e.1 -1 a A- 1 � a' _N 0 sAngeles � m- Force Base gelAire r -Vd El Segt{rttty Stud f 1 0A6e8rd/t®s4 N O O is 35th St N r3 y r r O c E a m o 27th St V IL eA"e JkIlage Marine G, Avenw 3 PdarineAve Park Lennox MKid lee School 6,018.7 1 1 0 3,009.33 6,018.7 Feet DISCLAIMER: The information shown on this map was compiled from different GIS EOsources. The land base and facility information on this map is for display purposes only and should not be relied upon without independent verification as to its accuracy. The City of El Segundo will not be held responsible for any claims, losses or damages resulting WGS_1984_Web _Mercator _Auxiliary_Sphere from the use of this map. Location Map ��Ecu.i�o PW 25-10: FY 2025-26 Concrete Improvements Project r.dbM LLW------..._.._..._.._.._:: .P�il�_......._. — F Imperial Ave ��..-----.._..�..__.„ •�n.�r.,;l. E Maple Ave El Seg u nclo cr High Sc hurl c * • j El Segundo jW GranAve - - • Recreation Park c a E Wal nut Ave I .�i A�oodWay E Sy camore Ave ,! `I U) i E Mariposa Ave • Cn W N E Grand Ave c * M =--- - z E Franklin Ave u3 E EI Segundo Blvd Chevron Raytheon Space Employee Park and A it but ne SySte ms T he Lake golf Courses c: 0 .W Lo A L v� N ra No Scale DISCLAIMER: The information shown on this map was compiled from different GIS sources. The land base and facility information on this map is for display purposes only and should not be relied upon without independent verification as to its accuracy. The City of El Segundo will not be held responsible for any claims, losses or damages resulting WGS_1984_Web—Mercator _Auxiliary_Sphere from the use of this map. vspqundo 4- Manhattan Legend — City boundary Concrete repair locations Notes City Council Agenda Statement F I, F, G t I) O Meeting Date: November 4, 2025 Agenda Heading: Consent Item Number: B.6 TITLE: Notice of Completion for El Segundo Library Elevator Upgrades Project No. PW 24-03 RECOMMENDATION: 1. Accept the Library Elevator Modernization Project No. PW 24-03 completion by Excelsior Elevator Corporation as complete. 2. Authorize the City Clerk to file a Notice of Completion with the County Recorder's Office. 3. Alternatively, discuss and take other action related to this item. FISCAL IMPACT: Included in Adopted FY 2024-25 Budget Amount Budgeted: $270,000 Additional Appropriation: None Account Number(s): 301-511-4101-1-88712 :1_T61201:tell] Z 113 The El Segundo Library elevator was reaching the end of its life cycle and was due for upgrades. In 2022, the California State Libraries Building Forward awarded the City $179,590 in grant funds for library infrastructure projects, including the El Segundo Library Elevator Upgrades Project ("Project"). On December 3, 2024, City Council awarded a standard Public Works Contract to Excelsior Elevator Corporation in the amount of $235,920 and authorized an additional $34,080 as contingency funds for potential unforeseen conditions. Page 36 of 99 Library Elevator Upgrades Project November 4, 2025 Page 2 of 2 DISCUSSION: Construction began on July 25, 2025 and was completed by Excelsior on October 16, 2025. There were no change orders on the project. The total project cost was $235,920. Staff respectfully recommends that City Council accept the work performed by Excelsior for the El Segundo Library Elevator Project, and authorize the City Clerk to file a Notice of Completion with the County Recorder's office. The unspent budgeted funds will return to the source account. CITY STRATEGIC PLAN COMPLIANCE: Goal 1: Develop and Maintain Quality Infrastructure and Technology Strategy A: Seek opportunities to implement and expedite the projects in the Capital Improvement Program and ensure that City -owned infrastructure is well maintained, including streets, entryways, and facilities. PREPARED BY: Eric Brown, Associate Engineer REVIEWED BY: Elias Sassoon, Public Works Director APPROVED BY: Barbara Voss, Deputy City Manager ATTACHED SUPPORTING DOCUMENTS: 1. Vicinity Map 2. Location Map 3. Notice of Completion Page 37 of 99 PW 24-03: Upgrade of the Library Elevator Project EL�EGUNDO Vicinity Map W 104th St World WO W SCLJntPtttdlttrUt.—...OPl-----••—• Century f-f•hnPIN ................... I' ...----•--. r�f-+fury..—..t j I •I E Maple Ave I El SW ndc _ to y A Hgh $th l N ' I E y E Mar iposaAve � Z !—..1 C, > I 2 li( r*Qtion V — 0 �e, N N Z `---, N ` El Stl+guntio E Grand Ave ' z Los Angs6. ;W Grand Ave Ate Fora I v E Franklin Ave Y < t3330 k•i a,je a a CL 0 ......... E El Segundo Qlvd----+ iibythwn SPACa art! 1 S, Airborne SilsMms j t M Lakes •�. 1 I � � 'R o � I ti .�,.•. i b= E1 O � 0 �••i 6"undo d5s�1 N 43c � ►1S�s�'� r7 V ..—..—..—..—..—..— ..... _........ —.. ----..—..—..—......j n 7 "'th Ct 6,018.7 0 3,009.33 6,018.7 Feet DISCLAIMER: The information shown on this map was compiled from different GIS sources. The land base and facility information on this map is for display purposes only and should not be relied upon without independent verification as to its accuracy. The City of El Segundo will not be held responsible for any claims, losses or damages resulting WGS_1984_Web—Mercator _Auxiliary_Sphere from the use of this map. PW 24-03: Upgrade of the Library Elevator Project Location Map Li W Palm Ague FL-� Ri El( I W Maripo�s�a Ave St n ,f11G k C thatho is Church 0 ❑ ° I—1 9/18/2023 Ln c 0 E s u x Public Parking n L■ E Mariposa Ave E l U) °7 1:1,943 0 0.01 0.03 0.05 mi 0 0.02 0.04 0.08 km Esri Community Maps Contributors, City of El Segundo, County of Los Angeles, California State Parks, © OpenStreetMap, Microsoft, Esri, HERE, Page 39 of 99 Recording Requested by and When Recorded Mail To: City Clerk, City Hall 350 Main Street El Segundo, CA 90245 NOTICE OF COMPLETION OF CONSTRUCTION PROJECT Project Name: Library Elevator Upgrades Project Project No.: PW 24-03 Contract No. 7162 Notice is hereby given pursuant to State of California Civil Code Section 8180 et seq that: 1. The undersigned is an officer of the owner of the interest stated below in the property hereinafter described. 2. The full name of the owner is: City of El Segundo 3. The full address of the owner is: City Hall, 350 Main Street, El Segundo, CA, 90245 4. The nature of the interest of the owner is: Public Facilities 5. A work of improvement on the property hereinafter described was field reviewed by the City Engineer on October 16, 2025. The work completed was upgrades to the El Segundo Library elevator. 6. On November 4, 2025, City Council of the City of El Segundo accepted the work of this contract as being complete and directed the recording of this Notice of Completion in the Office of the County Recorder. 7. The name of the Contractor for such work of improvement was Excelsior Elevator Corporation. 8. The property on which said work of improvement was completed is in the City of El Segundo, County of Los Angeles, State of California, and is described as follows: Library Elevator Upgrades Project. 9. The street address of said property is 111 W Mariposa Ave, El Segundo, CA, 90245. Dated: City of El Segundo Elias Sassoon Public Works Director VERIFICATION I, the undersigned, say: I am the Director of Public Works/City Engineer of the City El Segundo, the declarant of the foregoing Notice of Completion; I have read said Notice of Completion and know the contents thereof; the same is true of my own knowledge. I declare under penalty of perjury the foregoing is true and correct. Executed on , 2025 at El Segundo, California. City of El Segundo Elias Sassoon Public Works Director Page 40 of 99 City Council Agenda Statement F 1 F �' t 1) O Meeting Date: November 4, 2025 Agenda Heading: Consent Item Number: B.7 TITLE: Resolution Rejecting Construction Bid for the 27-Inch Water Main Repair Project, Project No. PW 25-09. RECOMMENDATION: 1. Adopt a resolution to reject the construction bid received and opened for the 27- Inch Water Main Repair Project, Project No. PW 25-09. 2. Alternatively, discuss and take other action related to this item. FISCAL IMPACT: Included in Adopted FY 2025-26 Budget: Amount Budgeted: $380,000 Additional Appropriation: No. Account Number: 501-000-7102-5-56626 (Water Facilities Repair and Maintenance) BACKGROUND: On March 1, 2022, City Water Division staff was informed of a slow leak in the 27-inch- diameter water main located under Los Angeles Metro Property just north of Chapman Way. This small leak was found by a private construction crew member working on the railroad tracks on LA Metro property. The exact origin of the leak is not known. The affected water main extends from private property at 401 Coral Circle to private property at 525 S. Douglas St., and is within a utility easement as shown in the attached location map. On May 20, 2025, City Council adopted plans and specifications for a scope of work that includes repairing the leak using a trench -less pipe -lining method rather than an open -trench repair method. Page 41 of 99 27-Inch Water Main Repair Project November 4, 2025 Page 2 of 3 DISCUSSION: During the bidding phase, significant physical project challenges were encountered. Those challenges included accessibility to work that would impact private properties, active railroad operations, and construction issues related to pipe accessibility. On September 17, 2025, the City Clerk received and opened one bid as follows: Ramona, Inc. $1,270,500 The received bid is significantly higher than the original $380,000 project estimate due to the project challenges. The Water Division has been monitoring the original area for any increase in the amount of water leakage. They have noted the leak subsided after the railroad construction work ended, and no significant change has been noticed over the few years since then. Pursuant to California Public Contracts Code § 22038 and El Segundo Municipal Code § 1-7-9C, the City retains the discretion to reject all bids on a given project. Staff therefore respectfully recommend the City Council reject the sole Ramona, Inc. bid, and instead have staff concentrate its efforts on designing a new water main primarily along the S. Douglas St. and Coral Circle. Some new easements may have to be obtained for the installation of the new water main. When the design of this new water main is completed, staff will bring this project before the City Council prior to advertising for construction. Staff estimates the following timeline for the new project: November 2025: Reject sole bid November 2025 to June 2026: Procure new easements and prepare construction plans July 2026: Obtaining city council approval for adoption of the plans and authorizing staff to advertise July 2026: Begin advertising the project for construction September 2026 : Award the construction of the project November 2026: Begin construction March 2027: End of construction CITY STRATEGIC PLAN COMPLIANCE: Goal 1: Develop and Maintain Quality Infrastructure and Technology Strategy A: Seek opportunities to implement and expedite the projects in the Capital Improvement Program and ensure that City -owned infrastructure is well maintained, including streets, entryways, and facilities. PREPARED BY: Floriza Rivera, Principal Civil Engineer Page 42 of 99 27-Inch Water Main Repair Project November 4, 2025 Page 3 of 3 REVIEWED BY: Elias Sassoon, Public Works Director APPROVED BY: Barbara Voss, Deputy City Manager ATTACHED SUPPORTING DOCUMENTS: 1. Vicinity Map PW 25-09 2. Location Map PW 25-09 3. Resolution Reject Bid PW 25-09 Page 43 of 99 ELLSEGUNDO Vicinity Map PW 25-09: 27-Inch Water Main Repair Project r� Q ( Lennox W 111th 5t IhtddN iJ School I•• .� Imperial Ave ..�.--..-�� —.�-"�'fntp�Phat?1v09'"C�� I( hl ►vfyyy, EWalnut Ave o 1 E Sycamore Ave �, At`�'oet,W�Y `i E Maple Ave i El Segun L- n Hgh n 1 c E Mariposa Ave a rn c a' .�..� 3 Z y Recreation j El Segundo Park � z ` •� E Grand Ave � — — Lq�rForce e s n •• 1W Grand -Ave o j u E Franklin Ave Y Bxe 91 AII? LEXII ryn Raytheon Space El segtyrttu 81Vti and Airborne k ' SV Stems 1 rn j j TtN o7 La�F_. c cc -C -- a l v^ rs y cc d V — 6. Q� Ili °a S 27th St V t1 9� P" e •e Plaza E I Saguna- jJlage Marine C% Avent>e v Marine Ave Park_ �11 c IV Cr O WKow hl3rine A 6,018.7 1 1 0 3,009.33 6,018.7 Feet DISCLAIMER: The information shown on this map was compiled from different GIS sources. The land base and facility information on this map is for display purposes only and should not be relied upon without independent verification as to its accuracy. The City of El Segundo will not be held responsible for any claims, losses or damages resulting WGS_1984_Web _Mercator _Auxiliary_Sphere from the use of this map. Location Map t LEGUNDO PW 25-09: 27-Inch Water Main Repair Project U r p ark Ply iK 0 n c V c > � G Q rt1' t 1 r-, b z w L Utah Ave — i �L �I Alaska Ave Lk t, ry Metro-Doughs i Vtstamar CO 1 I.," -•felt, l/lili ��,4,_�•t : to -El Segundo 'I' oel nll R%nery` I t J_ Tree Swton Legend --- City boundary Project, PW 25-09 Bid Recommended for Reiection Existing underground water main in utility easement Proposed access pits Proposed Water Main, to be Designed and Constructed — 27-inch water main ----� ' a -' Notes No Scale DISCLAIMER: The information shown on this map was compiled from different GIS sources. The land base and facility information on this map is for display purposes only and should not be relied upon without independent verification as to its accuracy. The City of El Segundo will not be held responsible for any claims, losses or damages resulting WGS_1984_Web—Mercator _Auxiliary_Sphere from the use of this map. RESOLUTION NO. A RESOLUTION REJECTING ALL BIDS RECEIVED FOR THE 27-INCH WATER MAIN REPAIR PROJECT, PROJECT NO. PW 25-09. The City Council of the City of El Segundo does resolve as follows: SECTION 1: The City Council finds and declares as follows: A. On March 1, 2022, City Water Division staff was informed of a slow leak in the 27-inch-diameter water main located under Los Angeles Metro Property just north of Chapman Way; B. On May 20, 2025, City Council adopted plans and specifications for a scope of work that included repairing the leak using a trench -less pipe - lining method rather than an open -trench repair method; C. During the bidding phase, significant physical project challenges were encountered, including accessibility to work that would impact private properties, active railroad operations, and construction issues related to pipe accessibility; D. On September 17, 2025, the City Clerk received and opened one bid from Ramona, Inc. The received bid is significantly higher than the original $380,000 project estimate due to the project challenges; E. The Water Division has been monitoring the original area for any increase in the amount of water leakage; the Division has noted the leak subsided after the railroad construction work ended, and no significant change has been noticed over the few years since then; F. Pursuant to California Public Contracts Code § 22038 and El Segundo Municipal Code § 1-7-9C, the City retains the discretion to reject all bids on a given project; and G. For the foregoing reasons, staff recommends, and the City Council desires to exercise its discretion and reject the sole bid submitted for the project. SECTION 2: The City Council hereby rejects all bids received and opened for the previously approved 27-inch Water Main Repair Project. SECTION 3: The City Clerk is directed to certify the adoption of this Resolution. SECTION 4: This Resolution will become effective immediately upon adoption. Resolution No. Page 1 of 2 Page 46 of 99 PASSED AND ADOPTED this 4th day of November, 2025. Susan Truax, City Clerk APPROVED AS TO FORM: Mark D. Hensley City Attorney Chris Pimentel, Mayor Resolution No. Page 2 of 2 Page 47 of 99 City Council Agenda Statement F I, F, G t I) O Meeting Date: November 4, 2025 Agenda Heading: Staff Presentations Item Number: D.8 TITLE: Investment Portfolio Report for September 2025 and Investment Policy Statement Update RECOMMENDATION: 1. Receive and file the Investment Portfolio Report dated September 2025 and Investment Policy. 2. Alternatively, discuss and take other action related to these items. FISCAL IMPACT: None BACKGROUND: The Treasury Department provides an Investment Portfolio Report presented to City Council on a quarterly basis. This current report includes the status of Treasury investment activities and related economic indicators as of September 2025. There are also minor changes to the City's Investment Policy related to the CFO becoming the appointed City Treasurer. DISCUSSION: See attached Investment Portfolio Report. CITY STRATEGIC PLAN COMPLIANCE: Goal 5: Champion Economic Development and Fiscal Sustainability Strategy A: Identify opportunities for new revenues, enhancement of existing revenues, and exploration of potential funding options to support programs and projects. Strategy B: Utilize the City's long-term financial plan to make financial decisions that Page 48 of 99 Presentation of Investment Portfolio Report for September 2025 along with the updated Investment Policy for Council approval. November 4, 2025 Page 2 of 2 support the goals of the strategic plan. PREPARED BY: Dino Marsocci, Treasury & Customer Services Manager REVIEWED BY: Paul Chung, Chief Financial Officer APPROVED BY: Barbara Voss, Deputy City Manager ATTACHED SUPPORTING DOCUMENTS: 1. September 2025 Portfolio Report 2. Investment Policy 2022 - 2025 Revisions V2 Page 49 of 99 CITY OF ELSEGUNDO City of El Segundo Investment Portfolio Report September 2025 Certified By: Chief Financial Officer / City Treasurer CITY OF ELSEGUNDO Table of Contents 1. Portfolio 2. Transactions 3. Compliance 4. LA I F 5. City Cash Flows 6. Economic Environment 7. Annex t:LSEGUNDO CITY OF ELSEGUNDO 1. Portfolio m m PORT0110 Book V- - $156,429,751 Investment by Security Type - September 2025 Cash Sweep Cash LLAI $46,017 $5,269,258 $1,910% 7,672 3% 1 not ■ Medium Term Note Certificate of Deposit ■ US Treasury CaITRUST ■ CAMP ■ LAIF ■ Cash Sweep ■ Cash Page 53 of 99 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $27,851,830 $27,948,225 $20,000,000 $10,000,000 Government Medium Term Municipal Agency Note Bond Portfolio Summary As of September 2025 $59,476,800 $57,022,651 $29, 613,104 $29,115, 616 Certificate of US Treasury Deposit ,540,930 $20,540,930 $14,665,779 CaITRUST CAMF Book Value ■ Market Value $14,665,779 $5,269,258 $5,269,258 $1,917,672 E $1,917,672 $46,017 $46,017 - LAIF Cash Sweep Cash Page 54 of 99 5.00% 4.50% 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% 3.00 2.50 Rn 4.01 % N/A Portfolio Weighted Average Yield 4.54% 3.97% 4.36% Portfolio Weighted Average Maturity 2.73 2.04 2.00 1.56 1.50 1.00 0.50 N/A N/A 0.00 0.00 Government Medium Term Municipal Bond Certificate of US Treasury CalTRUST Agency Note Deposit 0.00 CAMP 4.21 % 0.00 LAIF 3.71 % 0.45% 0.00 0.00 Cash Sweep Cash Page 55 of 99 Total Portfolio as of September 2025 200,000,000 180,000,000 160,000,000 140,000,000 120.000.000 100.000.000 80,000,000 60,000,000 $156,429,754 40,000,000 Sep-20 Sep-21 Sep-22 Sep-23 Sep-25 Page 56 of 99 Portfolio Through Time $140,000,000 $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $0 Sep-20 Jan-21 May-21 Sep-21 Jan-22 May-22 Sep-22 Jan-23 May-23 Sep-23 Jan-24 May-24 Sep-24 Jan-25 May-25 Sep-25 -Reserve -Liquidity Page 57 of 99 Portfolio Through Time 100% 90% — 80% 73% 70% 60% 50% 40% 30% 27% 20% 10% 0% Sep-20 Jan-21 May-21 Sep-21 Jan-22 May-22 Sep-22 Jan-23 May-23 Sep-23 Jan-24 May-24 Sep-24 Jan-25 May-25 Sep-25 Portfolio Through Time $140,000,000 $120,000,000 $113,990,097 $100,000,000 — $80,000,000 $60,000,000 $40,000,000 $ $20,000,000 42,439,656 $0 Sep-20 Jan-21 May-21 Sep-21 Jan-22 May-22 Sep-22 Jan-23 May-23 Sep-23 Jan-24 May-24 Sep-24 Jan-25 May-25 Sep-25 3.00 2.50 2.00 _ 1.50 1.00 0.50 0.00 Sep-20 Jan-21 Weighted Average Maturity 0 May-21 Sep-21 Jan-22 May-22 Sep-22 Jan-23 May-23 Sep-23 Jan-24 May-24 Sep-24 Jan-25 May-25 Sep-25 —Reserve —Liquidity Page 58 of 99 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $2100 $0 2025-4Q Total $15,721,000 ,000 $2,987,000 $745,( 2026-1 Q 2026-2Q 2026-3Q 2026-4Q Total Reserve Portfolio Ladder by Quarter As of September 2025 7,219,000 $2,746,000 $2,449,000 2027-1 Q 2027-2Q 2027-3Q 2027-4Q Total $26,1 4,489,000 $1,984,000 2028-1 Q 2028-2Q 2028-3Q $13,720,000 $3,500,000 1,50Q000 $' ■ Total 2029-1Q 2029-2Q 2029-3Q 2029-4Q Total 2030-2Q Total 10 Page 59 of 99 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 $448,000 E Ladder Diversification As of September 2025 Certificate of Deposit ■ Government Agency ■ Medium Term Note Municipal Bond ■ US Treasury $12,049,000 $4,000,0( $2,500,000 $12, '000,000 2025 2026 2027 $12,000,000 2028 2029 2030 Page 60 of 99 $30,000,000 $25,000,000 $20,540,930 $20,000,000 $15,000,000 $10,000,000 $5,000,000 Ei $- CaITRUST - $46,017 CAMP LAIF Liquidity Investments by Maturity Date As of September 2025 Ml $1,917,672 � Cash Sweep Cash $2,497,780 $248,141 <30 Days 31 to 90 Days 91 to 180 days 181 to 365 Days 1 to 2 Years 2 to 3 Years 3 to 4 Years 4 to 5 Years Reserve $8,331,485 $25,313,949 $29,363,756 $18,825,551 $13,516,870 Page 61 of 99 CITY OF ELSEGUNDO 2. Transactions 2,000,000 0 -2,000,000 -4,000,000 -6,000,000 -8,000,000 -10,000,000 -12,000,000 -14,000,000 Transaction Summary Prior 3 Months ■ Interest Earned ■ Maturities ■ Purchases $747,000 $498,000 $428,383 $0 $249,052 $0 $358,248 $0 Jul-25 -$11,950,547 Aug-25 Sep-25 Page 63 of 99 Interest Received As of September 2025 Interest Earned ■ Maturities F Purchases 20,000,000 15,000,000 10,000,000 5,000,000 $13,748,000 $2,975,000 $990,000 $1,961,000 $248,000 $490,000 $830,407 $741,000 $992,000 $ggg 591 $747,000 $498,000 $242,048 $355,589 $385,71 $371,62 $428,383 0 — — $2�� _ - $238,278 $262,660 - $249,052_ $358,24 L -5,000,000 - -6,658,937 -10,000,000 -11,950,547 -15,000,000 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-2. Page 64 of 99 Investment Purchases & Liquidity Investments In Past 24 Months ■ Purchases ■ Liquidity Investments 16,000,000 14,000,000 12,017,250 $11,950,547 12,000,000 1 10,000,000 , 9,405,589 8,000,000 $6,658,937 6,000,000 4,000,000 2,000,000 0 11111 11111 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Page 65 of 99 CITY OF ELSEGUNDO 3. Compliance Asset Class Compliance As of September 2025 Security Type In Compliance? CalTRUST CAMP y y Max Weight 100% 100% Weight 12.88% 9.20% :oo $20,540,930 $14,665,779 $20,540,930 $14,665,779 $20,540,930 $14,665,779 LAIF y 100% 0.03% $46,017 $46,017 $46,017 Cash Sweep y 100% 3.30% $5,269,258 $5,269,258 $5,269,258 Cash y 100% 1.20% $1,917,672 $1,917,672 $1,917,672 Government Agency y 100% 0.00% $0 $0 $0 Medium Term Note y 30•5/0 17.52% $27,851,830 $27,948,225 $28,000,000 Municipal Bond y 100% 0.00% $0 $0 $0 Certificate of Deposit y 30% 18.57% $29,115,616 $29,613,104 $29,199,000 US Treasury y 100% 37.29% $57,022,651 $59,476,800 $60,000,000 Totals 100.00% $156,429,754 $159,477,786 $159,638,656� Page 67 of 99 Rating Compliance As of September 2025 SecurityType CaITRUST Issue CaITRUST CUSIP CaITRUST S&P Rating AA-F Moody's Rating NSA In Compliance? Y MarketValue 20,540,930 Weight Maximum 12.88% 91. of •100.00% CAMP ICAMP CAMP AAAm N/A Y 14,665,779 9.20% 100.00% Cash Sweep Chase Cash Sweep N/A NSA Y 5,269,258 3.30% 100.00% Medium Term Note JALTRIA GROUP INC 02209SBD4 BBB+ A3 Y 1 507,750.00 0.32% 1.001/. Medium Term Note AMAZON COM INC 023135CP9 AA Al Y 1,015,010.00 0.64% 1.00% Medium Term Note IAMERICAN HONDA FIN CORP 02665WED9 A- A3 Y 1,012,390.00 0.63% 1.00% Medium Term Note APPLE INC 037933ECO AA+ AAA Y 471,385.00 0.30% 1.00% Medium Term Note ASTRAZENECA FINANCE LLC L P 04636NAA1 A+ Al ly 491,035.00 0.31% 1.00% Medium Term Note BANK OF AMERICA CORP 06051GFX2 A- Al Y 498,435.00 0.31% 1.00% Medium Term Note BANK OF NY MELLON CORP 06406YAAO A- A2 Y 483,815.00 0.30% 1.00% Medium Term Note BANK NOVA SCOTIA B C 06418BAE8 A- A2 Y 994,760.00 0.62% 1.00% Medium Term Note BLACKROCK FUNDING 09290DAA9 AA- AA3 Y 511,445.00 0.32% 1.00% Medium Term Note CIGNA CORP 125523AG5 A- BAA1 Y 499,715.00 0.31% 1.00% Medium Term Note CANADIAN IMP BK COMM 13607HR61 A- A2 Y 992,300.00 0.62% 1.00% Medium Term Note CITIGROUP INC 172967KNO BBB+ A3 Y 498,035.00 0.31% 1.00% Medium Term Note ICOMCASTCORP 20030N BWO A- A3 Y 980,060.00 0.61% 1.00% Medium Term Note DEEREJOHN CAPITAL 24422EWR6 A Al Y 1,019,170.00 0.64% 1.00% Medium Term Note DEUTSCHE BK AG N Y 25160PAM9 A Al Y 1,024,930.00 0.64% 1.00% Medium Term Note HON EYWELL INTERNATIONAL 43851681.19 A A2 Y 476,275.00 0.30% 1.00% Medium Term Note JINTELCORP 458140CD0 BBB BAA2 Y 1,002,020.00 0.63% 1.00% Medium Term Note INTERCONTINENTAL EXCHANGE 45866FAD6 A- A3 Y 499,490.00 0.31% 1.00% Medium Term Note JIBMCORP 459200ASO A- A3 Y 1,053,280.00 0.66% 1.001% Medium Term Note MEADJOHNSON NUTRITION C 582839AH9 A- A3 Y 499,675.00 0.31% 1.00% Medium Term Note MERCKCOINC 58933YAX3 A+ AA3 Y 489,855.00 0.31% 1.00% Medium Term Note MITSUBISHI UFJ FIN GRP 606822A13 A- Al Y 988,010.00 0.62% 1.00% Medium Term Note MORGAN STANLEY 61746BDZ6 A- Al ly 499,155.00 0.31% 1.00% Medium Term Note PNC BANK NA 69349LAS7 A- A2 Y 470,420.00 0.29% 1.00% Medium Term Note PEPSICO INC 713448EL8 A+ Al Y 475,855.00 0.30% 1.009/ Medium Term Note PHILIP MORRIS INTL INC 718172DN6 A- A2 Y 507,410.00 0.32% 1.00% Medium Term Note REGENCY CENTERS LP 75884RAZ6 A- A3 Y 477,400.00 0.30%1 1.00% Medium Term Note ROYAL BK CDA 78016EZD2 A Al Y 995,730.00 0.62% 1.00% Medium Term Note SCHWAB CHARLES CORP 80851302 A- A2 Y 530,640.00 0.33%1 1.00% Medium Term Note SIMON PROPERTYGROUP LP 828807DF1 A A3 Y 469,400.00 0.29% 1.00% Medium Term Note ISTRYKERCORP 863667AH4 BBB+ A3 Y 499,425.00 0.31%1 1.00% Medium Term Note SUMITOMO MITSUI FINLGRP 86562MAY6 A- Al Y 989,330.00 0.62% 1.00% Medium Term Note ITARGETCORP 87612EBH8 A A2 IY 489,760.00 0.31% 1.00% Medium Term Note 3MCOMPANY 88579YB19 BBB+ A3 Y 468,255.00 0.29% 1.00% Medium Term Note ITORONTO DOMINION BANK 89115A2M3 IA- A2 Y 1,023,780.00 0.64% 1.00% Medium Term Note TOSCO CORP 891490AR5 A- A2 Y 1,040,810.00 0.65% 1.00% Medium Term Note TOYOTA MTR CR CORP FR 89236TKLB A+ Al Y 1,030,530.00 0.65% 1.00% Medium Term Note US BANCORP 91159HHW3 A- A3 Y 478,490.00 0.30% 1.00% Medium Term Note UNITEDHEALTH GROUP INC 91324PDN9 A+ A2 Y 499,475.00 0.31% 1.00% Medium Term Note WELLS FARGO COMPANY 94974BGL8 BBB A3 Y 1,003,520.00 0.63% 1.00% US Treasury USTREASURY NOTE 912828ZV5 AAl Y 11,367,720.00 7.13% 100.00% US Treasury USTREASURY NOTE 91282CC18 N/A AA1 Y 11,744,400.00 7.36% 100.00% US Treasury USTREASURY NOTE 91282CHF1 N/A AAl Y 12,008,400.00 7.53%1 100.00% US Treasury USTREASURY NOTE 91282CHKO N/A AAl Y 12,117,720.00 7.60% 100.00% US Treasury USTREASURY NOTE 191282CKX8 N/A AAl Y 12,238,560.00 7.67%1 100.00% Page 68 of 99 Analysis of B-Rated Medium Term Notes 3M COMPANY 08/26/2029 BBB+ A3 Upgraded to BBB+ in March; Short -Term debt rating is A-2; upgrade due to reduced leverage exposure ALTRIA GROUP INC 02/14/2029 BBB+ A3 Upgraded to BBB+ since investment in term note (S&P rating was BBB at time of investment) CITIGROUP INC 05/01/2026 BBB+ A3 Moody's (A3) and Fitch (A rating) provide counterweight to S&P BBB+, which is still listed as "Stable" INTEL CORP 02/10/2026 BBB BAA1 Government investment makes possible distress unlikely STRYKER CORP 11/01/2025 BBB+ A3 Maturing in November. No indication of short-term liquidity crunch WELLS FARGO 07/22/2027 BBB A3 Upgraded to BBB+, not reflected in US Bank September report; Short -Term debt rating is A-2 Page 69 of 99 CITY OF ELSEGUNDO 4. LAIF LAIF Apportionment Rates As of September 2025 14 12 10 8 6 4 2 0 1977 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 2016 2019 2022 2025 Page 71 of 99 5 4.5 4 3.5 3 2.5 2 1.5 1 0.5 0 Sep-20 Mar-21 Sep-21 400 350 300 250 200 150 100 50 LAIF Diagnostics Mar-22 Sep-22 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Sep-25 -Daily -Quarter to Date LAIF Average Maturity 0 Sep-20 Mar-21 Sep-21 Mar-22 Sep-22 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Sep-25 Page 72 of 99 CITY OF ELSEGUNDO 5. City Cash Flows Rolling 13-Month Cash Flow Analysis As of September 2025 -Credits -Debits 22,000,000 20,000,000 18,000,000 $17,787,069 16,000,000 $15,287,054 $15,355,152 15,970,436 $14,714,896 14,000,000 13,261,203 $11,633,382 $12,495,987 12,000,000 $12,198,412 $12,174,653 $11,805,18 1 418,127 11,646,025 $11,291,533 10,000,000 10,151,439 $9,631,811 $9,996,508 8,000,000 $7,784,453 6,000,000 4,000,000 2,000,000 0 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 8,625,756 \ $17,391,034 $12,840,35 10,946,536 $11,701,805 136,174 $9,590,586 $6,321,459 Jul-25 Aug-25 Sep-25 Page 74 of 99 15,000,000 10,000,000 5,000,000 (5,000,000) (10,000,000) (15,000,000) Net Change Cash by Year As of September 2025 -This Year -Last Year -Two Years Ago October November December January February March April May June July August September Page 75 of 99 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 (5,000,000) (10,000,000) (15,000,000) (20,000,000) 2013 Historic Drawdowns As of September 2025 —Delta Cash — Rolling 12-Month Cumulative Drawdown 2014 2015 2016 2017 2017 2018 2019 2020 2021 2022 2022 2023 2024 2025 Page 76 of 99 CITY OF ELSEGUNDO 6. Economic Environment 5.5 5 4.93 4.75 4.5 4.38 4.2 4.87 4.15 US Treasury Yield Curve 4.73 4.65 4.51 1 4.43 4.32 Aqil 4.17 4.11 4.02 398 4.03 3.89 3.89 3.83 3.9 J.J 3 2.5 2 1.5 1 1 Mo 2 Mo 3 Mo 4 Mo 6 Mo 1 Yr 3.66 3.6 2 Yr 3.61 C 3.58 4.08 3.96 - 3.74 3.58 -September-24 -December-24 -March-25 -September-25 3Yr 5Yr Page 78 of 99 US Treasury Maturity Through Time As of September 2025 7 6 4 3 2 Aug-13 Aug-14 Aug-15 Aug-16 Aug-17 Aug-18 Aug-19 Aug-20 Aug-21 Aug-22 Aug-23 -1 Mo -3 Mo -4 Mo -6 Mo -1 Yr -2 Yr -3 Yr -5 Yr Page 79 of 99 Unemployment vs. Inflation As of August * (No official data for September) —Unemployment % —Inflation % 16 14 12 10 8 6 4 2 0 -2 -4 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Page 80 of 99 10-Year Minus 3-Month Treasury Yield Spread As of September 2025 6.00 5.00 4.00 3.00 2.00 1.00 0.00 -1.00 -2.00 -3.00 1982 1983 1984 1986 1987 1989 1990 1991 1993 1994 1996 1997 1998 2000 2001 2002 2004 2005 2007 2008 2009 2011 2012 2014 2015 2016 2018 2019 2021 2022 2023 2025 Page 81 of 99 5-Year Breakeven Inflation Prediction As of September 2025 4.00 3.00 2.00 1.00 0.00 -1.00 -2.00 -3.00 2003 2004 2005 2007 2008 2009 2011 2012 2014 2015 2016 2018 2019 2020 2022 2023 2025 Page 82 of 99 CITY OF ELSEGUNDO 7. Annex m m Portfolio As of September 2025 Security Type Issuer Days to Maturity Coupon BookValue Market Value ParValue Unrealized P/L CaITRUST CAMP CaITRUST CAMP 1 '1 4.00% 4.41% 20,540,930 14,665,779 20,540,930 14,665,779 20,540,930 14,665,779 0 0 LAIF LAIF 1 4.26% 46,017 46,017 46,017 0 Cash Sweep Cash Sweep 11 3.80% 5,269,258 5,269,258 5,269,258 0 Cash Cash 1 0.45% 1,917,672 1,917,672 1,917,672 0 Certificate of Deposit ACHIEVE FINLCR UN BERLIN 140 4.64% 249,000 249,630 249,000 630 Certificate of Deposit ADVIA CR UN KALAMAZ0O MICH 1093 4.82% 248,000 257,476 248,000 9,476 Certificate of Deposit AFFINITY BK COVINGTON GA 350 4.52% 249,000 250,783 249,000 1,783 Certificate of Deposit ALASKA USA FED CR UN ANCHORA 890 4.50% 249,000 254,513 249,000 5,513 Certificate of Deposit ALL IN FED CR UN DALEVILLE AL 870 4.50% 249,000 254,386 249,000 5,386 Certificate of Deposit ALLIANTCR UN CHICAGO ILL5.1000% 91 5.09% 199,900 200,498 200,000 598 Certificate of Deposit ALLY BK SANDY UTAH 1 174 5.02% 243,000 244,295 243,000 1,295 Certificate of Deposit AMERICAN FIRST CR UN BREA 574 4.35% 249,000 251,642 249,000 2,642 Certificate of Deposit AUSTIN TELCO FED CR UN TEX 442 4.88% 248,000 251,524 248,000 3,524 Certificate of Deposit BMW BK NORTH AMER SALT LAKE 899 4.63% 244,000 250,242 244,000 6,242 Certificate of Deposit BANK FIVE NINE OCONOMOWOC WIS 902 4.54% 249,000 254,876 249,000 5,876 Certificate of Deposit BANK OF PERRY CNTY LOBELVILLE 974 4.109/6 249,000 257,969 249,000 8,969 Certificate of Deposit BANK PONTIAC ILL 575 4.22% 244,000 245,928 244,000 1,928 Certificate of Deposit BANK SIERRA PORTERVILLE CALIF 531 4.549/o 244,000 246,989 244,000 2,989 Certificate of Deposit BANK UTAH OGDEN UTAH 953 4.19% 249,000 252,715 249,000 3,715 Certificate of Deposit BANKERS BK MADISON WIS 785 4.20% 249,000 252,085 249,000 3,085 Certificate of Deposit BAXTER CR UN VERNON HILLS ILC D 1057 4.74% 248,000 256,501 248,000 8,501 Certificate of Deposit BEALBK PLANOTEX 1345 4.55% 244,000 25ZI25 244,000 8,125 Certificate of Deposit BEAL BK USA LAS VEGAS NEV 1345 4.55% 244,000 252,125 244,000 8,125 Certificate of Deposit BELLCO FEDERAL CR UN GREENWOOD 147 4.83% 248,000 248,873 248,000 873 Certificate of Deposit BLUE RIDGE BK MARTINSVILLE VA 167 4.98% 230,000 231,104 230,000 1,104 Certificate of Deposit BRENTWOOD BK BETHEL PK PA 168 4.73% 235,000 235,907 235,000 907 Certificate of Deposit BRIDGEWATER BK BLOOMINGTON MN 911 4.67% 249,000 255,825 249,000 6,825 Certificate of Deposit CIBC BK USA CHICAGO IL 175 4.979/6 243,000 244,249 243,000 1,249 Certificate of Deposit CALIFORNIA CR UN GLENDALE 146 4.49% 244,000 244,393 244,000 393 Certificate of Deposit CAPITALONE NATLASSN VA 730 4.25% 199,800 202,486 200,000 2,686 Certificate of Deposit CATTLEMENS BKALTUS OKLA 167 4.73% 249,000 250,223 249,000 1,223 Certificate of Deposit CELTIC BK SALT LAKE CITY UTAH 533 4.64% 249,000 252,471 249,000 3,471 Certificate of Deposit CFBANK FAIRLAWN OHIO 350 4.71% 248,000 250,242 248,000 2,242 Certificate of Deposit CHARTWAY FED CR UN VA BEACH VA 252 4.869/6 248,000 249,791 248,000 1,791 Certificate of Deposit CHEROKEE ST BK IOWA 157 4.54% 239,922 242,632 242,000 2,710 Certificate of Deposit CITIZENS BK INC ROBERTSDALE 167 4.87% 248,000 249,493 248,000 1,493 Certificate of Deposit CITIZENS ST BK LACROSSE WIS 906 4.59% 249,000 255,198 249,000 6,198 Certificate of Deposit CITY NATL BK LOS ANGELES 913 4.86% 243,000 250,186 243,000 7,186 Certificate of Deposit COASTLIFE CR UN CORPUS CHRISTI 136 4.64% 249,000 249,603 249,000 603 Certificate of Deposit CONNECTONE BK ENGLEWOOD 174 0.719/6 213,854 236,347 240,000 22,493 Certificate of Deposit COUNTY SCHS FED CR UN VENTURA 168 4.78% 248,000 249,014 248,000 1,014 Certificate of Deposit CROSS RIV BKTEANECK N J 231 4.63% 244,000 245,081 244,000 1,081 Certificate of Deposit CUSTOMERS BK PHOENIXVILLE PA 1821 4.97%j 243,000 244,3371 243,0001 1,337 Page 84 of 99 Portfolio As of Seotember 2025 .Security Type Issuer Days to Maturity Coupon BookValue Market Value ParValue Unrealized P/L Certificate of Deposit CY FAIR FCU HOUSTON TEX 596 4.31% 249,000 251,575 249,000 2,575 Certificate of Deposit DEPARTMENT OF COMM FED CR UN 791 4.86% 246,669 254,964 248,000 8,295 Certificate of Deposit DISCOVER BK GREENWOOD 888 4.37% 241,897 248,531 244,000 6,634 Certificate of Deposit DORT FINLCR UN GRAND BLANC MI 8631 4.19%1 247,000 250,332 247,000 3,332 Certificate of Deposit EAGLEBANK BETHESDA MD 147 4.25916 238,205 244,161 244,000 5,956 Certificate of Deposit EMPOWER CU SYRACUSE N Y 1095 4.90% 248,000 258,195 248,0001 10,195 Certificate of Deposit ESSENTIAL FED CR UN BATON ROUG 1086 4.82% 248,000 257,417 248,000 9,417 Certificate of Deposit FNCB BK DUNMORE PA 584 4.26% 244,000 246,157 244,000 2,157 Certificate of Deposit FEDERAL SVGS BK CHICAGO IL 147 4.20% 244,829 249,237 249,000 4,407 Certificate of Deposit FIDELITY BK NEW ORLEANS LA 167 4.83% 249,000 250,001 249,000 1,001 Certificate of Deposit FIRST FED CR UN CEDAR RAPIDS 870 4.33% 249,000 253,250 249,000 4,250 Certificate of Deposit FIRST FNDTN BK IRVINECA 13301 4.47%1 244,000 251,1711 244,000 7,171 Certificate of Deposit FIRST NATL BK OF MICH 897 4.50% 249,000 254,553 249,000 5,553 Certificate of Deposit FIRST NATL BK DAMARISCOTTA ME 358 4.94% 248,000 250,899 248,000 2,899 Certificate of Deposit FIRSTST BK NEW LONDON WIS 528 4.59% 244,000 247,170 244,000 3,170 Certificate of Deposit FIRST UTD BK TR CO 496 3.99%1 195,0501 200,704 200,000 5,654 Certificate of Deposit FLAGSTAR BK NATL ASSN HICKSVIL 153 4.43% 241,365 244,903 244,000 3,538 Certificate of Deposit FORBRIGHT BK POTOMAC MD 1 6221 4.76%1 244,0001 248,5381 244,0001 4,538 Certificate of Deposit FREEDOM NORTHWEST CR UN KAMIAH 244 4.82% 249,000 249,679 248,000 1,679 Certificate of Deposit FREESTAR FINLCR UN CLINTON 8751 4.24% 249,000 252,690 249,000 3,690 Certificate of Deposit GEORGIA BKG CO 178 4.9396 243,000 244,222 243,000 1,222 Certificate of Deposit GOLD COAST BK CHICAGO ILL 722 4.61% 249,000 253,968 249,000 4,968 Certificate of Deposit GREAT NORTH BK FLORENCE WI 167 4.83% 244,000 245,037 244,000 1,037 Certificate of Deposit IGREENSTATE CR UN NORTH LIBERTY 28 4.75% 248,OOO, 248,1411 248,0001 141 Certificate of Deposit GREENWOOD MUN FED CR UN SOUTHH 609 4.40% 249,000 254,742 249,000 5,742 Certificate of Deposit GUARDIAN CREDIT UNION AL 1095 4.90% 248,000 258,195 248,000 10,195 Certificate of Deposit HONOLULU FIRE DEPT FED CR UN H 321 4.38% 249,000 250,297 249,000 1,297 Certificate of Deposit JOHN MARSHALL BK RESTON 3371 4.42% 248,502 250,477 249,000 1,975 Certificate of Deposit LEADERS CR UN JACKSON TENN 912 4.8496 248,000 256,010 248,000 8,010 Certificate of Deposit LIBERTY FIRST CR UN LINCOLN NE 856 4.28% 249,000 252,932 249,0001 3,932 Certificate of Deposit LUANA SVGS BK IOWA 168 4.39% 244,000 244,515 244,000 515 Certificate of Deposit LYONS NATL BK N Y 167 4.83% 244,000 245,037 244,000 1,037 Certificate of Deposit MAINE SVGS FCU HAMPDEN ME 1060 4.70% 248,000 256,184 248,000 8,184 Certificate of Deposit MANUFACTURERS TRADERS TR CO 533 4.77% 244,000 247,863 244,000 3,863 Certificate of Deposit MEDALLION BK UTAH 990 4.32% 249,000 253,813 249,000 4,813 Certificate of Deposit iCOMMUNITY HERITAGE FINL INC 5871 4.35%I 249,000 251,719 249,OOO1 2,719 Certificate of Deposit MIDWEST BK WESTN ILL MONMOUTH 174 4.98% 248,000 249,238 248,000 1,238 Certificate of Deposit MIN NWESTBK REDWOOD FALLS 580 4.21% 249,000 251,102 249,000 2,102 Certificate of Deposit MORGAN STANLEY PRIVATE BK NATL 1351 4.55% 244,000 252,091 244,000 8,091 Certificate of Deposit MOUNTAIN AMER FED CR UN WEST 210 4.68%1 249,000 250,1881 249,0001 1,188 Page 85 of 99 Portfolio As of Seotember 2025 .Security Type Issuer Days to Maturity Coupon BookValue Market Value ParValue Unrealized P/L Certificate of Deposit NORTHWEST BK BOISE IDAHO 168 4.98% 248,000 249,240 248,000 1,240 Certificate of Deposit NUMERICA CR UN SPOKANE VY WA 244 4.72% 248,000 249,513 248,000 1,513 Certificate of Deposit ONE CMNTY BK ORE WIS 371 4.75% 248,000 250,525 248,000 2,525 Certificate of Deposit OREGON CMNTY CR UN EUGENE ORE 615 4.76% 248,000 252,692 248,000 4,692 Certificate of Deposit PEOPLES BK CO COLDWATER OHIO 533 4.64% 249,000 252,471 249,000 3,471 Certificate of Deposit PEOPLES SVGS BK WELLSBURG IOWA 524 4.36% 240,906 246,291 244,000 5,385 Certificate of Deposit PINNACLE BK NASHVILLETENN 220 4.58% 244,000 244,944 244,000 944 Certificate of Deposit POINT WEST CREDIT UNION 195 4.97% 243,000 244,402 243,000 1,402 Certificate of Deposit POPULAR BK NEW YORK BRH IN 170 4.73% 247,000 247,939 247,000 939 Certificate of Deposit PORTAGE BK BELLEVUE WASH 540 4.68% 249,000 252,705 249,000 3,705 Certificate of Deposit SANDYSPRING BK OLNEY MD 167 4.88% 244,000 245,093 244,000 1,093 Certificate of Deposit SAVANNAH BK NATLASSN N Y 9461 4.05%1 249,OOO1 251,766 249,000 2,766 Certificate of Deposit SAWYER SVGS BK SAUGERTIES 161 4.54% 243,177 245,671 245,000 2,494 Certificate of Deposit SECURITY ST BK WARROAD MINN 974 4.15% 249,000 257,962 249,000 8,962 Certificate of Deposit SIGNATURE FED CR UN ALEXANDRIA 251 4.77% 248,000 249,647 248,000 1,647 Certificate of Deposit SOUTHERN FIRST BK N A GREENVILLE S C 423 4.56% 249,000 251,400 249,0001 2,400 Certificate of Deposit SOUTHERN MICH BK TR 769 4.06% 249,000 251,268 249,000 2,268 Certificate of Deposit 'SOUTHERN BK POPLAR BLUFF MO 1 960 4.14%1 249,000 252,429 249,0001 3,429 Certificate of Deposit ST VINCENTS MED CTR CR UN BRDI 624 4.53% 249,000 252,760 249,000 3,760 Certificate of Deposit STATE BK INDIA NEW YORK N Y 8811 4.42% 244,000 248,634 244,000 4,634 Certificate of Deposit STATE EMPLOYEES CR UN SANTA FE 601 4.72916 248,000 252,377 248,000 4,377 Certificate of Deposit SYNCHRONY BK RETAILCTF DEP 324 0.92% 219,540 241,909 248,000 22,370 Certificate of Deposit TOYOTA FINLSVGS BK HEND NV 1332 4.4791. 244,000 251,178 244,000 7,178 Certificate of Deposit TRISTATE CAP BK PITTSBURGH PA 181 4.97%1 243,OOO, 244,344, 243,0001 1,344 Certificate of Deposit TRULIANT FED CR UN WINSTON SAL 514 4.45% 249,000 251,659 249,000 2,659 Certificate of Deposit TUCSON FED CR UN ARIZ 1 10741 4.82% 248,000 257,317 248,0001 9,317 Certificate of Deposit USALLIANCE FCU RYE NEW YORK 969 4.45% 249,000 254,665 249,000 5,665 Certificate of Deposit UBS BK USA SALT LAKE CITY UT 9751 4.29%1 249,000 258,240 249,000 9,240 Certificate of Deposit UNITED FID BK FSB EVANSVILE 546 4.82916 248,000 252,280 248,000 4,280 Certificate of Deposit UNITED ROOSEVELT SVGS BK 596 4.35% 249,000 251,771' 249,0001 2,771 Certificate of Deposit UNIVERSITY BK ANN ARBOR MICH 916 4.71% 248,000 255,123 248,000 7,123 Certificate of Deposit UNIVEST NATL BK TR SOUDERTON PA 948 4.05% 249,000 251,771 249,000 2,771 Certificate of Deposit UTAH CMNTY CR UN PROVO UTAH 209 4.58% 249,000 250,071 249,000 1,071 Certificate of Deposit UTAH FIRST FED CREDIT 1018 4.55% 248,000 259,118 248,000 11,118 Certificate of Deposit VALLEYSTAR CR UN MARTINSVILLE 902 4.63% 248,000 254,441 248,000 6,441 Certificate of Deposit VIBRANT CREDIT UNION 3631 5.32%I 248,000 251,9131 248,OOO1 3,913 Certificate of Deposit VIKING BK NATLASSN ALEXANDRIA 164 4.649,6 249,000 249,757 249,000 757 Certificate of Deposit VISIONS FED CR UN ENDWELL NY 364 5.41% 248,000 252,166 248,000 4,166 Certificate of Deposit WELLS FARGO BANK NATLASSN CD 605 4.76% 248,000 252,610 248,000 4,610 Certificate of Deposit SAN FRANCISCO FED CR UN CA 8561 4.28% 216,0001 219,3891 216,0001 3,389 Page 86 of 99 Portfolio As of September 2025 Security Type Medium Term Note Medium Term Note Issuer Days to ALTRIA GROUP INC IAMAZON COM INC Maturity Coupon 1233 792 BookValue 4.73% 4.48% MarketValue 498,875 997,630 Par Value 507,750 1,015,0101 Unrealized 500,000 1,000,000 P/L 8,875 17,380 Medium Term Note AMERICAN HONDA FIN CORP 834 4.64% 997,794 1,012,390 11000,000 14,596 Medium Term Note APPLE INC 861 1.27% 427,219 471,3857 500,000 44,166 Medium Term Note ASTRAZENECA FINANCE LLC LP 240 1.22% 501,040 491,035 500,000 -10,005 Medium Term Note BANK OF AMERICA CORP 201 3.51% 554,155 498,435 500,000 -55,720 Medium Term Note BANK OF NY MELLON CORP 1423 3.41% 470,619 483,815 500,000 13,196 Medium Term Note BANK NOVA SCOTIABC 527 3.00% 926,343 994,760 11000,000 58,417 Medium Term Note BLACKROCK FUNDING 1261 4.59•9 504,750 511,445 500,000 6,695 Medium Term Note CIGNA CORP 46 4.13% 564,210 499,715 500,000 -64,495 Medium Term Note CANADIAN IMP BK COMM 554 3.48% 948,186 992,300 11000,000 44,114 Medium Term Note ICITIGROUP INC 1 2131 3.41% 550,715 498,035 500,000 -52,680 Medium Term Note COMCASTCORP 472 2.40'9 917,335 980,060 11000,000 62,725 Medium Term Note DEERE JO H N CAPITAL 1 8421 4.669/o 1,004,330 1,019,170 1,000,000 14,840 Medium Term Note DEUTSCHE BK AG N Y 709 5.24% 1,005,611 1,024,930 11000,000 19,319 Medium Term Note HONEYWELL INTERNATIONAL 1415 2.83% 463,350 476,275 500,000 12,925 Medium Term Note INTELCORP 133 4.87% 998,520 1,002,020 11000,000 3,500 Medium Term Note I NTERCONTI N ENTAL EXCHAN GE 1 62 3.75% 557,000 499,490 500,000 -57,510 Medium Term Note IBMCORP 837 6.17% 1,076,510 1,053,280 11000,000 -23,230 Medium Term Note MEAD JOHNSON NUTRITION C 1 46 4.13% 565,170 499,675 500,000 -65,495 Medium Term Note MERCKCOINC 1254 3.47% 478,950 489,855 500,000 10,905 Medium Term Note MITSUBISHI UFJ FIN GRP 348 2.79% 924,800 988,010 11000,000 63,210 Medium Term Note MORGAN STANLEY 119 3.88% 561,240 499,155 500,000 -62,085 Medium Term Note PNCBANKNA 1483 2.87% 451,836 470,420 500,000 18,584 Medium Term Note PEPSICO INC 1398 2.76% 461,174 475,855 500,000 14,682 Medium Term Note IPHILIP MORRIS INTL INC 1 1493 4.56% 497,070 507,410 500,000 10,340 Medium Term Note REGENCY CENTERS LP 1446 3.09% 460,790 477,400 500,000 16,610 Medium Term Note ROYAL BKCDA 581 3.64% 951,709 995,730 11000,000 44,021 Medium Term Note SCHWAB CHARLES CORP 1509 5.84% 527,175 530,640 500,000 3,465 Medium Term Note SIMON PROPERTY GROUP LP 1444 2.61% 451,535 469,400 500,000 17,865 Medium Term Note STRYKER CORP 32 3.38% 548,175 499,425 500,000 -48,750 Medium Term Note SUMITOMO MITSUI FINLGRP 839 3.58% 934,451 989,330 1,000,000 54,879 Medium Term Note TARGETCORP 1293 3.45% 479,200 489,760 500,000 10,560 Medium Term Note 3MCOMPANY 1 1426 2.54% 450,960 468,255 500,000 17,295 Medium Term Note TORONTO DOMINION BANK 832 5.04% 1,005,769 1,023,780 11000,000 18,011 Medium Term Note TOSCO CORP 4581 7.49% 1,107,960 1,040,810 1,000,000 -67,150 Medium Term Note TOYOTA MTR CR CORP FR 771 5.29% 1,030,896 1,030,530 11000,000 -366 Medium Term Note JUSBANCORP 1 13991 3.13% 462,653 478,4907 500,000 15,837 Medium Term Note UNITEDHEALTH GROUP INC 76 3.70•9 560,625 499,475 500,000 -61,150 Medium Term Note WELLS FARGO COMPANY 1 6601 4.2851. 975,500 1,003,5201 1,000,000 28,020 US Treasury U S TREASURY NOTE 638 0.53% 10,359,844 11,367,720 12,000,000 1,007,876 US Treasury U S TREASURY NOTE 273 0.89% 10,811,885 11,744,400 12,000,000 932,515 US Treasury U S TREASURY NOTE 1704 3.75% 11,950,547 12,008,400 12,000,000 57,853 US Treasury U S TREASURY NOTE 1004 3.96% 11,883,125 12,117,720 12,000,000 234,595 US Treasury U S TREASURY NOTE 1369 4.17% 12,017,250 12,238,560 12,000,000 221,310 Total 156,429,754 159,477,786 159,638,656 3,048,032 Page 87 of 99 CITY OF ELSEGUNDO I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approved by the City Council on 10/1/22. A copy of this policy is available in the office of the City Clerk. The investment program herein shown provides sufficient cash flow liquidity to meet the next six months estimated expenditures. Sources for the valuations are as follows: Federal Agency Issues, Treasury Securities and Miscellaneous Securities: U.S. Bank, the custodial agent for the City of ElSegundo. Detailed information on all purchase and sale transactions follows the Investment Portfolio Details section. As of July 2025, reported Book Value and Cost Basis for CalTRUST holdings now includes realized gains. Paul Chung, CFO/City Treasurer Date Exhibit A CITY OF EL SEGUNDO STATEMENT OF INVESTMENT POLICY EFFECTIVE [date TBDJOctober lst, 2022- City Treasurer Page 89 of 99 CITY OF EL SEGUNDO INVESTMENT POLICY TABLE OF CONTENTS 1.0 Policy Page 3 2.0 Scope Page 3 3.0 Prudence Page 4 4.0 Ethics and Conflict of Interest Page 4 5.0 Investment Objectives Page 4 6.0 Delegation of Authority Page 5 7.0 Authorized Investments Page 7 8.0 Investment Pools/Mutual Funds Page 8 9.0 Diversification Guidelines Page 8 10.0 Maximum Maturities Page 8 11.0 Benchmarks Page 8 12.0 Investment Advisory Committee Page 9 13.0 Collateralization Page 9 14.0 Safekeeping and Custody Page 9 15.0 Reporting Page 10 16.0 Internal Controls Page 10 17.0 Authorized Financial Dealers and Institutions Page 10 18.0 Continuing Education Page 11 Attachments Glossary of Investment Terms Questionnaire —Financial Dealers 2 Page 90 of 99 City of El Segundo Investment Policy described below, shall henceforth in the following provisions of the Statement of Investment Policy, denote an individual appointed by the City Council to fulfill the responsibilities of the City Treasurer and all subsequent references to "City Treasurer" shall apply to the appointed individual. As of November 2024, the Chief Financial Officer has been appointed as City Treasurer, by the City of El Segundo City Council. 1.0 Policy The City of El Segundo Investment Policy (Policy) establishes the cash management and investment guidelines for the City Treasurer. The City of El Segundo invests public funds in a prudent manner with the primary objective of, in priority order, safety of principal, adequate liquidity and investment return, in conformance with state law, including California Government Code Sections 53600 and 53635 et seq., and local statutes governing the investment of public funds. Government Code Section 53646(a)(2) does not mandate that investment policies be updated annually. However, on an annual basis, the City Treasurer must report to the City Council any material changes to the policy as reviewed and approved by the City's Investment Advisory Committee (IAC). The IAC will be required to review and approve the policy annually. The City Treasurer will prepare a quarterly report to the City council, City Manager and Chief Financial Officer listing investment transactions made during the reporting period pursuant to Government Code Section 53607. Government Code Section 53607 authorizes the City Council to delegate investment authority to the City Treasurer on an annual basis. 2.0 Scope This investment policy applies to all investment activities and financial assets of the City under management by the City Treasurer. This policy pertains to the City funds which are pooled for investment purposes and funds held in depository agencies. It is the City's policy to pool funds for investment purposes to maximize efficiencies, reduce transaction costs, streamline cash flow forecasting, and provide greater access to the market. The pooled funds include: Commented [PRl]: Suggested language as a preamble to TPS ,'hich denotesCity Treasurer is now an appointed role and clarifies that all "City Treasurer" references contained in IPS apply to current City Treasurer (and current CFO). To be reviewed by City Attorney. Page 91 of 99 • General Fund • Special Revenue Funds • Capital Project Funds • Enterprise Funds • Trust and Agency Funds • Debt Service Funds Assets not under management of the City Treasurer are investments in the City's defined benefit plans, health savings plans, and pension plans. 3.0 Prudence Government Code Section 53600.3 states that "...all governing bodies of local agencies or persons authorized to make investment decisions on behalf of those local agencies investing in public funds pursuant to this chapter are trustees and therefore fiduciaries subject to the prudent investor standard. When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, a trustee shall act with care, skill, prudence, and diligence under the circumstances then prevailing, including, but not limited to, the general economic conditions and the anticipated needs of the agency, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the agency. Within the limitations of this section and considering individual investments as part of an overall strategy, investments may be acquired as authorized by law." The City Treasurer and persons that the City Treasurer delegates to manage City investments, shall use the "Prudent Investor" standard. Investment officers acting in accordance with this Policy, written portfolio guidelines and procedures, and exercising due diligence shall be relieved of personal responsibility for individual security's credit risk or market price changes, provided deviations from expectations are reported in the quarterly investment reports to the City Council, and appropriate action is taken to control adverse developments. When investing and managing City funds, the City Treasurer and employees shall act with care, skill, prudence and diligence to meet the aims of the investment objectives listed in order in Section 5.0, Investment Objectives. 4.0 Ethics and Conflict of Interest The City Treasurer, employees involved in the investment process, and the members of IAC shall refrain from all personal business activity that could conflict with the 4 Page 92 of 99 management of the investment program. All individuals involved with the investment of City funds, or review of investment transactions, will be required to file a Form 700 — Statement of Economic Interests on an annual basis in accordance with California state law. 5.0 Investment Objectives Safety: Safety of principal is the foremost objective of the investment program. Investments of the City of El Segundo shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. To attain this objective, the City shall only invest in high quality securities and it shall diversify its investments in order that potential losses on individual securities do not exceed the income generated from the remainder of the portfolio so as not to harm the City's cash flow and principal. The City shall also structure its portfolio so as to prevent the need to sell securities prior to maturity and it shall not take short positions, that is, selling securities that the City does not own. Two risks are monitored to help ensure safety of the investments. They are credit risk and market or interest rate risk. Credit Risk: Credit risk is defined as the risk of loss due to the failure of an issuer to redeem the outstanding debt at the stated maturity date. Within this concept, credit risk also applies to the overall market perception of the financial strength and capacity of the issuer. Diversification of the investment portfolio by issuer, maturity date and amount invested will ensure that in the event of a failure of any one issuer, the event will not unduly harm or compromise the City's cash flow. Market or Interest Rate Risk: Market or Interest Rate risk is the risk that the market value of investment securities in the portfolio may decline due to changes in general interest rates. Market rate risk can be mitigated by diversifying the investment of funds by maturity date and by investing funds to a specific cash requirement that would reduce the need to sell the security prior to maturity to meet immediate City cash flow needs. Liquidity: The City of El Segundo's investment portfolio will remain sufficiently liquid to meet all operating requirements that might be reasonably anticipated. Return on Investments: The City of El Segundo shall manage funds to optimize the return on investments consistent with the two primary objectives of safety and liquidity. The rate of return on investment should be designed to attain a market rate of return through budgetary and economic cycles consistent with the risk limitations, prudent investment principles and cash flow requirements identified by the City's Investment Policy. Page 93 of 99 6.0 Delegation of Authority Pursuant to Government Code Section 53607, the City Council hereby authorizes the City Treasurer to invest and reinvest the City's funds, to sell or exchange securities so purchased, and to deposit securities for safekeeping in accordance with established procedures. No person may engage in an investment transaction except as provided under the terms of this policy and the procedures established by the City Treasurer. The City Treasurer may delegate all, or a portion of the investment authority to subordinates pursuant to Government Code Section 41006. Such delegation by the City Treasurer shall not remove or abridge the Treasurer's investment responsibility. The City Treasurer shall establish written procedures for the operation and management of the City's investment program consistent with this investment policy, including appropriate written agreements with financial institutions. Page 94 of 99 I Iowa ble Investment Instruments CITY OF ELSEGUN DO IAUTHORIZED per State Government Code Applicable to All Local AgenciAesn MAXIMUM .MAXIM SPECIFIED CITY OF ELSEGUNDO MIN 'MUM OV'T PORTFOLIO' FIEIATI. Local Agency Bonds 5years None None (No more than 1% None 53601(a) per issuer) U.S. Treasury Obligations 5 years None None None 53601(b) State Obligations— None (No more than 1% 53601(c) CA And Others 5years None None er issuer 53.1. d CA Local Agency Obligations 5years None None (No more than 1% None per issuer 53601(e) U.S Agency Obli ations 5 years None None None 53601f Bankers'Acceptances 180 days 40%E Not Permitted* None 53601(g) Commercial Paper —Non -Pooled Highest letter and Funds' 25% of the (under $100,000,000 of 270 days orless agency's money Not Permitted* number rating by an NRSRO" 53601(h)(2)(c) investments Commercial Paper —Non -Pooled 40%of the Highest letter and Funds (min. $100,000,000 of 270 days or less a Not Permitted* number rating by an 53601(h)(2)(c) investments) agency's money NRSRO" Commercial Paper —Pooled 40% of the Highest letter and 270 days or less Not Permitted* number rating by an 53635(a)(1) Funds agency's money, NRSRO" Negotiable Certificates of No more than $250,000 Deposit Syears 30%' per FDIC Cent# None 53601(i) Non-negotiable Certificates of No more than $250,000 Deposit Syears None per FDIC Cent# None 53630 et seq. Placement Service 5years 50%K Not Permitted* None 53601.8 and 53635.8 Deposits Placement Service 5years 50%" Not Permitted* None 53601.E and 53635.8 Certificates of De osit Repurchase Agreements 1year None Not Permitted* None 53601(j) Reverse Repurchase Agreements 20% of the base and Securities Lending 92days` value of the Not Permitted* None" 53601(j) Agreements portfolio Medium -Term Notes" Syears or less 30% 30%(Nomore than 1% per "A" rating category or 53601(k) issuer) its equivalent or better Mutual Funds And Money N/A 20% 20% (No more than 30% ro Multiple' 53601(I) and Market Mutual Funds perfund) 53601.6(b) Collateralized Bank Deposits" 5years None Not Permitted* None 53630 et seq. and 53601 n Mortgage Pass —Through and 5years or less 20% Not Permitted* AA rating category or 53601(0) Asset —Backed Securities itse uivaIentorbetter County Pooled N/A None None (No more than 50% None 27133 Investment Funds erfund) Joint Powers Authority Pool N/A None No more than 50% None (erfund Multiples 53601(p) Local Agency Investment Fund N/A None None None 16429.1 (LAIF) Voluntary Investment Program Fund N/A None None None 16340 U Supranational Obligations Syears or less 30% 30%(Nomore than 1% per "AA" rating category or 53601(q) issuer) its equivalent or better Public Bank Obligations 5years None Not Permitted* None 53601(r), 53635(c) and 57603 Page 95 of 99 *Not permitted outside a diversified fund or pooled investment vehicle For notes on the table above, see p. 13 of the guide available at https://bit.ly/3cZxogn 8.0 Investment Pools/Mutual Funds The City of El Segundo will be required to conduct a thorough investigationreview of any government sponsored pool and/or mutual fund prior to investing and on a continual basis. There .-hall be a questionnaire completed ..wL.i..h will provide the F..I evi. ftBest efforts will be made to acquire the following information: 1. A description of eligible investment securities, and a written statement of investment policy and objectives. 2. A description of interest calculations and how it is distributed, and how gains and losses are treated. 3. A description of how the securities are safeguarded (including the settlement process), and how often the securities are priced and the program audited. 4. A description of who may invest in the program, how often, what size deposits and withdrawals are allowed. 5. A schedule for receiving statements and portfolio listings. 6. A description of how the pool/fund utilizes reserves, retained earnings, etc. 7. A fee schedule, including when and how fees are assessed. 8. The eligibility of the pool/fund to invest in bond proceeds and a description of its practices. anorH s.s do ftft d1—aM mu-1 Funa: 9.0 Diversification Guidelines The City of El Segundo will diversify its investments by security type, issuer and maturity dates. Concentration limits are indicated in the Authorized Investments Section 7.0 for all investment categories. 10.0 Maximum Maturities To the extent possible, the City of El Segundo will attempt to match its investments with anticipated cash flow requirements. Pursuant to Government Code Section 53601, the City will not directly invest in securities maturing more than five (5) years from the date of purchase however, beginning three months from this Policy's effective date, the City may indirectly invest in such securities if such investment is from an approved Page 96 of 99 investment pool/mutual fund from Policy Section 8.0 and the WAM (weighted average maturity) of the pool/fund must be under (5) five years at time of purchase. 11.0 Benchmarks The City of El Segundo Quarterly Investment Report will include benchmark reporting. The benchmark reporting will be used as a reference tool only to communicate investment performance against established benchmarks. The use of benchmarks will not imply that the City Treasurer will assume more risk to the portfolio as safety of principal and liquidity of funds are the first two primary objectives of the City's portfolio. The City will use the following benchmark to compare and evaluate portfolio performance. Interpolated Yield: The market yield of US Treasury securities as compared to the portfolio's weighted average maturity (WAM) for the long-term and short-term investments in the portfolio. 12.0 Investment Advisory Committee The City of El Segundo has established an Investment Advisory Committee (IAC) to provide advice and assistance of persons with experience in the investment field on the investment of City funds to ensure that City funds are invested in a safe and prudent manner. The City of El Segundo Investment Advisory Committee (IAC) was established by City Council resolution 3764 on June 12, 1992. The IAC shall have up to four (4) members appointed by the City Council to serve at their discretion. The committee members shall include the City Treasurer,,Tithe Chief Financial Officerl, one member who shall be a resident of the City of El Segundo and one member who may be a non-resident of the City. Desirable qualifications of IAC members include, but are not limited to, work experience or educational background in banking, investments or finance. The IAC shall review and make recommendations on City investment policy and guidelines, list of banking institutions working with the City, list of brokers and dealers working with the City, and investments in the City portfolio. IAC members shall review and vote on recommendations of any new type of i...,.,.-F.. entas requested. The IAC shall meet on a quarterly basis to discuss the City's investments and investment objectives. The City Treasurer will prepare a quarterly report to the City council and, City Manager and Chief Financial OffiEer listing investment transactions made during the reporting 9 Page 97 of 99 period pursuant to Government Code Section 53607. 13.0 Collateralization California Government Code, Sections 53652, et seq., requires depository institutions to post certain types and levels of collateral for public funds above the FDIC insurance amounts. The collateral requirements apply to bank deposits, both active (checking and savings accounts) and inactive (non-negotiable time certificates of deposit). 14.0 Safekeeping and Custody The City of El Segundo shall require that all investment transactions be conducted through the delivery -versus -payment (DVP) process pursuant to Government Code Section 53601. Securities shall be held by a third party custodian designated by the City Treasurer and evidenced by safekeeping receipts pursuant to Government Code Section 53608. 15.0 Reporting The City Treasurer will prepare a quarterly report to the City council and, City Manager and Chief Financial Officer listing investment transactions made during the reporting period pursuant to Government Code Section 53607. At a minimum, the quarterly report must include type of investment, issuer name, dollar amount of each security, date of maturity, par value, book value and current market value of securities, rate of interest, funds managed by contracted parties, percentage of the portfolio in each investment category, weighted average maturity, statement of ability to meet expenditure requirements for the next six months, and Treasurer indication of compliance with the City's Investment Policy. In addition to the quarterly report, the City Treasurer will prepare a monthly statement of investments and transactions as part of ongoing portfolio monitoring W the C,,Chie Financial Officer. 16.0 Internal Controls The City Treasurer shall establish a system of written internal controls, which shall ensure compliance with this Investment Policy and state law. The controls shall be designed to prevent loss of public funds due to fraud, employee error, and misrepresentation by third parties, or imprudent actions of employees. The City Treasurer shall evaluate any audit reports in a timely manner with the Chief Financial Officer. Investment transactions and holdings shall be verified by the Chief Financial Officer on a monthly basis and reviewed annually by the City's external auditor. 10 Page 98 of 99 17.0 Authorized Financial Dealers and Institutions The City Treasurer shall transact business only with banks, savings and loans, state and federal credit unions, and securities dealers. The Treasurer shall select and maintain a current list of broker/dealers, as defined by Corporations Code Section 25004, authorized to provide the City investment services. This list of broker/dealers shall be included in the Treasurer's quarterly investment report to the City Council. The broker/dealers shall meet the requirements of Government Code Section 53635.5 and Securities & Exchange Commission Rule 240.15c3-1 (uniform net capital rule). The Treasurer shall keep on file with the City an audited financial statement for each authorized broker/dealer's last complete fiscal year. Each authorized broker/dealer shall execute an acknowledgement that it has read the City's current Investment Policy and that it will abide by the terms and conditions of the Policy. Additionally, each such broker/dealer shall complete the questionnaire attached hereto. City funds shall only be placed in and invested with depositories that meet the requirements of Government Code Sections 53630 et seq. 18.0 Continuing Education The City of El Segundo recognizes that employees engaged in investment and management of public funds should be provided with continuing education on all aspects of public fund management. At a minimum, the City Treasurer, Deputy Treasurer I and Deputy Treasurer 11, should complete, at a minimum, five hours of continuing education in investment management on an annual basis through qualified institutions. Staff engaged in the management and investment process are encouraged to complete more than the minimum amount of continuing education as required in this policy. The Treasurer will include in the quarterly investment report the continuing education hours for the employees listed in this section. m Page 99 of 99