City Council/SA

1. CALL MEETING TO ORDER Note: All City Council memberships are reflected in their City Council titles. 2. ROLL CALL MAYOR BISHOP, MAYOR PRO TEM LOA, COUNCILMEMBERS OHLSEN, BETTENCOURT, ALARCÓN 3. PLEDGE OF ALLEGIANCE AND MOMENT OF SILENCE 4. PRESENTATION 4.1 Certificate of Recognition presented to Jordan Ramirez for walking from Lancaster Sheriff Station to Palmdale Sheriff Station in appreciation of our deputies and honor of Deputy Ryan Clinkunbroomer. PUBLIC COMMENT RULES: “(California Government Code Section 54954.3). (a) Every agenda for regular meetings shall provide an opportunity for members of the public to directly address the legislative body on any item of interest to the public, before or during the legislative body’s consideration of the item, that is within the subject matter jurisdiction of the legislative body, provided that no action shall be taken on any item not appearing on the agenda unless the action is otherwise authorized by subdivision (b) of CITY COUNCIL SUCCESSOR AGENCY CITY COUNCIL CHAMBER 38300 SIERRA HIGHWAY SUITE B PALMDALE, CA 93550 WEDNESDAY, JANUARY 10, 2024 5:00 PM www.cityofpalmdale.org WELCOME City Council Wednesday, January 10, 2024 1

Section 54954.2 [section omitted]. (b) (1) The legislative body of a local agency may adopt reasonable regulations to ensure that the intent of the subdivision (a) is carried out, including, but not limited to, regulations limiting the total amount of time allocated for public testimony on particular issues and for each individual speaker. (2) Notwithstanding paragraph (1), when the legislative body of a local agency limits time for public comment, the legislative body of a local agency shall provide at least twice the allotted time to a member of the public who utilizes a translator to ensure that non- English speakers receive the same opportunity to directly address the legislative body of a local agency.” In furtherance of Section 54954.3 of the Brown Act, the public is allotted to speak a total of two (2) minutes on the entirety of the Consent Calendar, Appointment(s), New Business and Closed Session, with two (2) minutes on each Public Hearing, and, if desired, an additional two (2) minutes on items not on the agenda that are within the subject matter jurisdiction of the City Council. As specified in the Brown Act, a speaker utilizing a translator will receive twice the amount of time specified. 5. PUBLIC COMMENTS: CONSENT CALENDAR, APPOINTMENT(S), NEW BUSINESS, AND CLOSED SESSION: Now is the time for public participation on items listed on the Consent Calendar, Appointment(s), New Business, and Closed Session. Each speaker is allotted two (2) minutes in total for the entirety of the above sections. 6. CONSENT CALENDAR All matters listed under the Consent Calendar will be enacted by one motion unless an item(s) is pulled by Council, in which case the item(s) will be removed from the Calendar and will be considered separately following this portion of the Agenda. 6.1 Waive full reading of the Resolution(s) and/or Ordinance(s) to be considered and voted on at this meeting. (This allows for reading the title only in lieu of reciting the entire text). 6.2 Receive and file the monthly investment activity report for November 2023. SR Investment Report Nov 2023.docx Rpt COP & SA Investment Reports Nov 2023.pdf 6.3 Adopt Resolution No. CC 2024-003, a Resolution of the City Council of the City of Palmdale amending the Human Resources Rules and Regulations. SR Reso No. CC 2024-003 Sick Leave Rules & Regs.docx Reso No. CC 2024-003 Amending Human Resources Rules Regulations.docx City Council Wednesday, January 10, 2024 2

Exh 1 Clean Version - Reso No. CC 2024-003.docx Exh 2 Red-lined Version Reso No. CC 2024-003.pdf 6.4 Adopt Resolution No. CC 2024-004, a Resolution of the City Council of the City of Palmdale designating by title and name those officials who are authorized to sign checks and warrants and repeal Resolution No. CC 2023-074, and Adopt Resolution No. SA 2024-011, a Resolution of the Successor Agency to the Community Redevelopment Agency of the City of Palmdale designating by title and name those officials who are authorized to sign checks and warrants, and repeal Resolution No. SA 2022-003. SR Check Signers City and SA.docx Reso No. CC 2024-004 Check Signers City.docx Reso No. SA 2024-011 Check Signers SA.docx 6.5 Adopt Resolution Nos. SA 2024-009 and SA 2024-010, Resolutions of the Successor Agency of the Community Redevelopment Agency of the City of Palmdale approving the Administrative Budget and the Recognized Obligation Payment Schedule, respectively, for the period of July 1, 2024 through June 30, 2025. SR Successor Agency Admin Budget and ROPS 2024-25.docx Reso No. SA 2024-009 Admin Budget.docx Exh A Administrative Budget 24-25.pdf Reso No. SA 2024-010 ROPS.docx Exh B Palmdale Annual ROPS 24-25.pdf 6.6 Approve Law Enforcement Feasibility Study Agreement with Citygate Associates, LLC in the amount of $178,453 for a term of six (6) months. SR Law Enforcement Feasibility Study.docx Agrmt A-8630 with Citygate Associates.pdf Atch 1 Fee Schedule.pdf Atch 2 RFP 23-001-2500.pdf 6.7 Approve Sub-Recipient Agreement with Antelope Valley Domestic Violence DBA Valley Oasis to administer the HOME Investment Partnerships funded Tenant Based Rental Assistance (TBRA) program in an amount not to exceed $787,500 for a term of four years and six months. SR TBRA 2024.docx A-8658 Valley Oasis TBRA.docx 6.8 Adopt Resolution No. CC 2024-008, a Resolution of the City Council of the City of Palmdale declaring a Shelter Crisis in the City of Palmdale. SR Declaring Shelter Crisis.docx Reso No. CC 2024-008 Declaring Shelter Crisis.docx 6.9 Award Construction Agreement with Ferreira Construction Co. Inc., DBA Ferreira City Council Wednesday, January 10, 2024 3

Coastal Construction Co. for PN 865, Guardrail Maintenance Upgrade, in the amount of $219,898 for a term of 45 working days from the date of the Notice to Proceed. SR Award Agreement with Ferreira Const.docx Agrmt No. A-8186 with Ferreira Const.pdf 6.10 Adopt Resolution No. CC 2024-006, a Resolution of the City Council of the City of Palmdale adopting the joint resolution of the Board of Supervisors of the County of Los Angeles, acting on behalf of the County and other County entities, the Board of Directors of the Antelope Valley Cemetery District, the Board of Trustees of the Antelope Valley Mosquito and Vector Control District, the Board of Directors of the Antelope Valley Resource Conservation District, the City of Palmdale, and the Board of Directors of the Antelope Valley-East Kern Water Agency approving and accepting negotiated exchange of property tax revenue resulting from annexation 40-161 (4-217), local agency formation commission designation 2023-06, to the Los Angeles County Waterworks District No. 40, Antelope Valley. SR Tax Shared Annex. No. 40-161 Reso. No. CC 2024-006.docx Reso No. CC 2024-006.docx LA County Waterworks Transmittal Letter.pdf LA County Joint Reso for Annexation No. 40-161.pdf Exh A & B Property Legal Description.pdf Exh C & D Property Tax Transfer Worksheet.pdf 6.11 Adopt Resolution No. CC 2024-007, a Resolution of the City Council of the City of Palmdale adopting the joint resolution of the Board of Supervisors of the County of Los Angeles, acting on behalf of the County and other County entities, the Board of Directors of the Antelope Valley Cemetery District, the Board of Trustees of the Antelope Valley Mosquito and Vector Control District, the Board of Directors of County Sanitation District No. 20 of Los Angeles County, the Board of Directors of the Antelope Valley Resource Conservation District, the City of Palmdale, and the Board of Directors of the Antelope Valley-East Kern Water Agency approving and accepting negotiated exchange of property tax revenues resulting from annexation 40-156 (34-45), local agency formation commission designation 2022- 06, to the Los Angeles County Waterworks District No. 40, Antelope Valley. SR Tax Shared Annex No. 40-156 Reso No. CC 2024-007.docx Reso. No. CC 2024-007.docx LA County Waterworks Transmittal Letter.pdf LA County Joint Reso. for Annexation No. 40-156.pdf Exh A & B Property Legal Description.pdf Exh C - J Property Tax Transfer Worksheet.pdf 6.12 Approve Memorandum of Understanding by and between the City of Palmdale and the County of Los Angeles to collaborate on water infrastructure projects located within Waterworks District 40. City Council Wednesday, January 10, 2024 4

SR Agrmt No. A-8677 MOU with County of Los Angeles.docx 6.13 Approve the minutes from the previous meetings. CC/SA - December 6, 2023 Minutes CC SA 12 06 2023.pdf 7. APPOINTMENTS 7.1 Nomination and Appointment of Planning Commissioner - District 5. SR PC Dist 5 Appointment.docx Apps PC Dist 5 Appointment.pdf 7.2 Approve Reappointment of Public Member to the Palmdale Recycled Water Authority. SR PRWA Reappointment.docx Agrmt No. A-4113 JPA Creating PRWA.pdf 7.3 Discussion and Possible Action regarding City Council Standing Committee Appointments. SR CC Standing Committee Appointments.docx 8. REPORTS AND ACTION ITEMS FROM MAYOR AND / OR COUNCILMEMBERS 8.1 Council Informational Reports on Committee memberships and meetings attended at public expense. Informational Report 011024 Bishop.docx Informational Report 011024 Loa.docx Informational Report 011024 Bettencourt.docx Informational Report 011024 Ohlsen.docx 8.2 Council Action Items. 9. CITY ATTORNEY DIRECTION TO UNDERTAKE REVIEW 9.1 Direction to City Attorney to review matters of municipal violations relating to conduct of Councilmember Alarcón. 10. CITY MANAGER’S REPORT 11. NON-AGENDA PUBLIC COMMENTS: Now is the time for public participation on items not listed on the agenda. Each speaker is allotted two (2) minutes total. City Council Wednesday, January 10, 2024 5

12. ADJOURN meeting to January 24, 2024, at 5:00 p.m. in the City Hall Council Chamber located at 38300 Sierra Highway, Suite B, Palmdale, California. Americans with Disabilities Act (ADA) Accommodations In accordance with the Americans with Disabilities Act of 1990, if you require a disability- related modification or accommodation to participate in this meeting, please contact the City Clerk’s Office at (661) 267-5151 at least 72 hours prior to the meeting. If you require oral translation, please contact the City Clerk’s Office at (661) 267-5151 at least 72 hours prior to the meeting. City Council Wednesday, January 10, 2024 6

1. CALL MEETING TO ORDER Note: All City Council memberships are reflected in their City Council titles. 2. ROLL CALL MAYOR BISHOP, MAYOR PRO TEM LOA, COUNCILMEMBERS OHLSEN, BETTENCOURT, ALARCÓN 3. PLEDGE OF ALLEGIANCE AND MOMENT OF SILENCE 4. PRESENTATION 4.1 Certificate of Recognition presented to Jordan Ramirez for walking from Lancaster Sheriff Station to Palmdale Sheriff Station in appreciation of our deputies and honor of Deputy Ryan Clinkunbroomer. PUBLIC COMMENT RULES: “(California Government Code Section 54954.3). (a) Every agenda for regular meetings shall provide an opportunity for members of the public to directly address the legislative body on any item of interest to the public, before or during the legislative body’s consideration of the item, that is within the subject matter jurisdiction of the legislative body, provided that no action shall be taken on any item not appearing on the agenda unless the action is otherwise authorized by subdivision (b) of CITY COUNCIL SUCCESSOR AGENCY CITY COUNCIL CHAMBER 38300 SIERRA HIGHWAY SUITE B PALMDALE, CA 93550 WEDNESDAY, JANUARY 10, 2024 5:00 PM www.cityofpalmdale.org WELCOME City Council Wednesday, January 10, 2024

Section 54954.2 [section omitted]. (b) (1) The legislative body of a local agency may adopt reasonable regulations to ensure that the intent of the subdivision (a) is carried out, including, but not limited to, regulations limiting the total amount of time allocated for public testimony on particular issues and for each individual speaker. (2) Notwithstanding paragraph (1), when the legislative body of a local agency limits time for public comment, the legislative body of a local agency shall provide at least twice the allotted time to a member of the public who utilizes a translator to ensure that non- English speakers receive the same opportunity to directly address the legislative body of a local agency.” In furtherance of Section 54954.3 of the Brown Act, the public is allotted to speak a total of two (2) minutes on the entirety of the Consent Calendar, Appointment(s), New Business and Closed Session, with two (2) minutes on each Public Hearing, and, if desired, an additional two (2) minutes on items not on the agenda that are within the subject matter jurisdiction of the City Council. As specified in the Brown Act, a speaker utilizing a translator will receive twice the amount of time specified. 5. PUBLIC COMMENTS: CONSENT CALENDAR, APPOINTMENT(S), NEW BUSINESS, AND CLOSED SESSION: Now is the time for public participation on items listed on the Consent Calendar, Appointment(s), New Business, and Closed Session. Each speaker is allotted two (2) minutes in total for the entirety of the above sections. 6. CONSENT CALENDAR All matters listed under the Consent Calendar will be enacted by one motion unless an item(s) is pulled by Council, in which case the item(s) will be removed from the Calendar and will be considered separately following this portion of the Agenda. 6.1 Waive full reading of the Resolution(s) and/or Ordinance(s) to be considered and voted on at this meeting. (This allows for reading the title only in lieu of reciting the entire text). 6.2 Receive and file the monthly investment activity report for November 2023. SR Investment Report Nov 2023.docx Rpt COP & SA Investment Reports Nov 2023.pdf 6.3 Adopt Resolution No. CC 2024-003, a Resolution of the City Council of the City of Palmdale amending the Human Resources Rules and Regulations. SR Reso No. CC 2024-003 Sick Leave Rules & Regs.docx Reso No. CC 2024-003 Amending Human Resources Rules Regulations.docx City Council Wednesday, January 10, 2024

Exh 1 Clean Version - Reso No. CC 2024-003.docx Exh 2 Red-lined Version Reso No. CC 2024-003.pdf 6.4 Adopt Resolution No. CC 2024-004, a Resolution of the City Council of the City of Palmdale designating by title and name those officials who are authorized to sign checks and warrants and repeal Resolution No. CC 2023-074, and Adopt Resolution No. SA 2024-011, a Resolution of the Successor Agency to the Community Redevelopment Agency of the City of Palmdale designating by title and name those officials who are authorized to sign checks and warrants, and repeal Resolution No. SA 2022-003. SR Check Signers City and SA.docx Reso No. CC 2024-004 Check Signers City.docx Reso No. SA 2024-011 Check Signers SA.docx 6.5 Adopt Resolution Nos. SA 2024-009 and SA 2024-010, Resolutions of the Successor Agency of the Community Redevelopment Agency of the City of Palmdale approving the Administrative Budget and the Recognized Obligation Payment Schedule, respectively, for the period of July 1, 2024 through June 30, 2025. SR Successor Agency Admin Budget and ROPS 2024-25.docx Reso No. SA 2024-009 Admin Budget.docx Exh A Administrative Budget 24-25.pdf Reso No. SA 2024-010 ROPS.docx Exh B Palmdale Annual ROPS 24-25.pdf 6.6 Approve Law Enforcement Feasibility Study Agreement with Citygate Associates, LLC in the amount of $178,453 for a term of six (6) months. SR Law Enforcement Feasibility Study.docx Agrmt A-8630 with Citygate Associates.pdf Atch 1 Fee Schedule.pdf Atch 2 RFP 23-001-2500.pdf 6.7 Approve Sub-Recipient Agreement with Antelope Valley Domestic Violence DBA Valley Oasis to administer the HOME Investment Partnerships funded Tenant Based Rental Assistance (TBRA) program in an amount not to exceed $787,500 for a term of four years and six months. SR TBRA 2024.docx A-8658 Valley Oasis TBRA.docx 6.8 Adopt Resolution No. CC 2024-008, a Resolution of the City Council of the City of Palmdale declaring a Shelter Crisis in the City of Palmdale. SR Declaring Shelter Crisis.docx Reso No. CC 2024-008 Declaring Shelter Crisis.docx 6.9 Award Construction Agreement with Ferreira Construction Co. Inc., DBA Ferreira City Council Wednesday, January 10, 2024

Coastal Construction Co. for PN 865, Guardrail Maintenance Upgrade, in the amount of $219,898 for a term of 45 working days from the date of the Notice to Proceed. SR Award Agreement with Ferreira Const.docx Agrmt No. A-8186 with Ferreira Const.pdf 6.10 Adopt Resolution No. CC 2024-006, a Resolution of the City Council of the City of Palmdale adopting the joint resolution of the Board of Supervisors of the County of Los Angeles, acting on behalf of the County and other County entities, the Board of Directors of the Antelope Valley Cemetery District, the Board of Trustees of the Antelope Valley Mosquito and Vector Control District, the Board of Directors of the Antelope Valley Resource Conservation District, the City of Palmdale, and the Board of Directors of the Antelope Valley-East Kern Water Agency approving and accepting negotiated exchange of property tax revenue resulting from annexation 40-161 (4-217), local agency formation commission designation 2023-06, to the Los Angeles County Waterworks District No. 40, Antelope Valley. SR Tax Shared Annex. No. 40-161 Reso. No. CC 2024-006.docx Reso No. CC 2024-006.docx LA County Waterworks Transmittal Letter.pdf LA County Joint Reso for Annexation No. 40-161.pdf Exh A & B Property Legal Description.pdf Exh C & D Property Tax Transfer Worksheet.pdf 6.11 Adopt Resolution No. CC 2024-007, a Resolution of the City Council of the City of Palmdale adopting the joint resolution of the Board of Supervisors of the County of Los Angeles, acting on behalf of the County and other County entities, the Board of Directors of the Antelope Valley Cemetery District, the Board of Trustees of the Antelope Valley Mosquito and Vector Control District, the Board of Directors of County Sanitation District No. 20 of Los Angeles County, the Board of Directors of the Antelope Valley Resource Conservation District, the City of Palmdale, and the Board of Directors of the Antelope Valley-East Kern Water Agency approving and accepting negotiated exchange of property tax revenues resulting from annexation 40-156 (34-45), local agency formation commission designation 2022- 06, to the Los Angeles County Waterworks District No. 40, Antelope Valley. SR Tax Shared Annex No. 40-156 Reso No. CC 2024-007.docx Reso. No. CC 2024-007.docx LA County Waterworks Transmittal Letter.pdf LA County Joint Reso. for Annexation No. 40-156.pdf Exh A & B Property Legal Description.pdf Exh C - J Property Tax Transfer Worksheet.pdf 6.12 Approve Memorandum of Understanding by and between the City of Palmdale and the County of Los Angeles to collaborate on water infrastructure projects located within Waterworks District 40. City Council Wednesday, January 10, 2024

SR Agrmt No. A-8677 MOU with County of Los Angeles.docx 6.13 Approve the minutes from the previous meetings. CC/SA - December 6, 2023 Minutes CC SA 12 06 2023.pdf 7. APPOINTMENTS 7.1 Nomination and Appointment of Planning Commissioner - District 5. SR PC Dist 5 Appointment.docx Apps PC Dist 5 Appointment.pdf 7.2 Approve Reappointment of Public Member to the Palmdale Recycled Water Authority. SR PRWA Reappointment.docx Agrmt No. A-4113 JPA Creating PRWA.pdf 7.3 Discussion and Possible Action regarding City Council Standing Committee Appointments. SR CC Standing Committee Appointments.docx 8. REPORTS AND ACTION ITEMS FROM MAYOR AND / OR COUNCILMEMBERS 8.1 Council Informational Reports on Committee memberships and meetings attended at public expense. Informational Report 011024 Bishop.docx Informational Report 011024 Loa.docx Informational Report 011024 Bettencourt.docx Informational Report 011024 Ohlsen.docx 8.2 Council Action Items. 9. CITY ATTORNEY DIRECTION TO UNDERTAKE REVIEW 9.1 Direction to City Attorney to review matters of municipal violations relating to conduct of Councilmember Alarcón. 10. CITY MANAGER’S REPORT 11. NON-AGENDA PUBLIC COMMENTS: Now is the time for public participation on items not listed on the agenda. Each speaker is allotted two (2) minutes total. City Council Wednesday, January 10, 2024

12. ADJOURN meeting to January 24, 2024, at 5:00 p.m. in the City Hall Council Chamber located at 38300 Sierra Highway, Suite B, Palmdale, California. Americans with Disabilities Act (ADA) Accommodations In accordance with the Americans with Disabilities Act of 1990, if you require a disability- related modification or accommodation to participate in this meeting, please contact the City Clerk’s Office at (661) 267-5151 at least 72 hours prior to the meeting. If you require oral translation, please contact the City Clerk’s Office at (661) 267-5151 at least 72 hours prior to the meeting. City Council Wednesday, January 10, 2024

City Council Staff Report DATE: JANUARY 10, 2024 TO: HONORABLE MAYOR AND CITY COUNCIL FROM: OPERATIONS DEPARTMENT FINANCE DIVISION DISTRICT: ALL SUBJECT: RECEIVE AND FILE THE MONTHLY INVESTMENT ACTIVITY REPORT FOR NOVEMBER 2023 RECOMMENDATION Staff recommends that the City Council receive and file the monthly investment activity report for the City of Palmdale and Successor Agency for November 2023. BACKGROUND Pursuant to Section 16 of the City of Palmdale and Successor Agency Investment Policy, the City Treasurer shall prepare and present monthly and quarterly reports on investments to the City Manager/Executive Director and the City Council/Directors. The reports shall detail the type of investment, name of the issuer, purchase date, date of maturity, amount of deposit, and rate of interest. This information shall be provided for all City and Successor Agency pooled investments, as well as for Certificates of Participation, Revenue Bonds, Tax Allocation Bonds, Assessment Districts, and Community Facilities District accounts, which are managed by outside Fiscal Agents. The monthly investment reports provide a synopsis of the investment activity for the City of Palmdale and Successor Agency. The reports provide information on assets, allocations, average maturities, yields, and book valuations. The interest rates presented are the most current rates available as of the date of this report. The market values presented for pooled City and Successor Agency investments are based on closing prices for the related investment as of the date of this report. This information was obtained from the Wall Street Journal, Bloomberg Financial Markets, Capital Market Finances, or other reliable sources of market prices. DISCUSSION Compliance with Investment Policy For November, the invested portfolio amount for the City of Palmdale totaled $306,128,068, a decrease of $4,933,057 from the previous month, and an increase of $20,487,809 in comparison to last year. The monthly decrease is primarily the result of a withdrawal from LAIF during the month to cover debt service and operating expenses.

Report to Mayor and City Council Re: Monthly Investment Reports January 10, 2024 Page 2 The par value of Successor Agency’s portfolio as of November was $7,955,102. The balance increased by $6,102 from last month due to earned interest during the month. All investments meet criteria appropriate to Section 8 of the Investment Policy. The portfolios are based on a combination of various investments, including CDs, Corporate Notes, U.S. Treasury Securities, and Government Agency Paper, each adhering to portfolio percentage limitations. The Finance Division is the custodian for the City and Successor Agency’s investment portfolio and follows the three main principles of both entities’ investment policies to 1) Investment in financial instruments that mitigate the risk of monetary losses stemming from market fluctuations; 2) Establish and maintain a portfolio that has sufficient liquidity to allow the City and Successor Agency to meet all anticipated cash requirements; and 3) Seek out investment instruments that provide a competitive market rate of return. Liquidity One core approach the Finance Division focuses on is providing liquidity to measure up to the City and Successor Agency’s operational requirements. Thus, the Finance Division is currently investing in two pooled funds, Local Agency Investment Fund (LAIF) and California Asset Management Program (CAMP). These are intended for daily operational activities and used for economic uncertainties and maintenance needs. The pooled funds provide a higher liquidity ratio to ensure the City and Successor Agency meet cash flow requirements. The total LAIF balance for the City of Palmdale at the end of November is $128,703,931. The decrease of $5,000,000 from the prior month is due to a withdrawal to general fund for the payment of debt service and other operating expenses. Successor Agency LAIF balance at the end of November was $6,215,832. A decrease of $900,000 from the prior month was due to debt service payments made during the month. CAMP’s balance for City of Palmdale at the end of November was $265,347 compared to October balance of $264,136. The slight increase is due to interest earned during the month. The interest rates presented are the most current rates available as of the date of this report. As of November 30, 2023, the interest rates for LAIF and CAMP investments were at 3.843 percent and 5.58 percent, respectively. By comparison, the LAIF and CAMP interest rates at the end of October were at 3.670 percent and 5.56 percent. Both rates have slightly increased within this month. This time last year, LAIF and CAMP rates were at 2.007 percent and 3.90, respectively.

Report to Mayor and City Council Re: Monthly Investment Reports January 10, 2024 Page 3 The chart above shows both the Local Agency Investment Fund and California Asset Management Program’s average monthly yields beginning February 2023 through November 2023. We anticipate that rates will remain consistent, with only minor variations in the upcoming months. The difference between the performance of the two funds is partly due to the varying pool characteristics. CAMP's portfolio composition is much more prone to market volatility, resulting in performance variations. Diversity The Finance Division aims to diversify the investment portfolios to avoid incurring unreasonable and avoidable risks regarding specific security types or individual financial institutions. The City of Palmdale and Successor Agency’s investment portfolios remain strongly diversified. The monthly report includes all investments held by both entities and current book values as of November 30, 2023. It is anticipated that both the City of Palmdale and Successor Agency will have sufficient sums of money to meet their expenditure requirements for the next six months. The Finance Division will continue to monitor current economic conditions and the impact on interest rates. Attached are summaries of the investments in the City of Palmdale and Successor Agency’s books as of November 30, 2023. 2.62% 2.83% 2.87% 2.99% 3.17% 3.30% 3.43% 3.53% 3.67% 3.84% 4.73% 4.80% 4.97% 5.16% 5.24% 5.31% 5.52% 5.55% 5.56% 5.58% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% Feb Q3 Mar Apr May Q4 Jun Jul Aug Q1 Sep Oct Nov Pooled Investments Monthly Yields LAIF CAMP

Report to Mayor and City Council Re: Monthly Investment Reports January 10, 2024 Page 4 FISCAL IMPACT There is no fiscal impact associated with the recommended actions for this report. STRATEGIC PLAN Goal II: Ensure long-term fiscal health of the City and maintain funding for services. B. Manage resources, costs, and liabilities to ensure the City’s long-term fiscal health. C. Involve and expand engagement to enhance public oversight and transparency. Prepared by: Gohar Avetisyan, Senior Financial Analyst Certified as to availability of Funds: Janelle Samson, Director of Operations Approved by: Ronda Perez, City Manager Approved as to form: William P. Curley, III, City Attorney ATTACHMENTS Rpt – COP & SA Investment Reports Nov 2023

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS NOVEMBER 30, 2023 PURCHASE MATURITY ACCOUNT/ FDIC INTEREST PAR PURCHASE INVESTED DATE DATE FUND INSTITUTION Number RATE AMOUNT AMOUNT AMOUNT U.S. TREASURY SECURITIES Yield 05-31-19 04-30-24 CITY 9128286R6 U.S. Treasury Note 2.03 5,000,000.00 5,051,650.00 4,870,312.50 03-19-21 12-31-25 CITY 9128285T3 U.S. Treasury Note 2.63 3,000,000.00 3,260,634.36 2,856,570.00 05-11-21 02-28-26 CITY 9128286F2 U.S. Treasury Note 0.66 3,000,000.00 3,261,331.50 2,843,100.00 05-11-21 12-31-24 CITY 9128283P3 U.S. Treasury Note 0.40 3,000,000.00 3,200,040.56 2,872,020.00 06-04-21 12-31-23 CITY 912828V23 U.S. Treasury Note 0.20 4,000,000.00 4,210,026.50 3,940,320.00 07-12-21 12-31-23 CITY 9128285U0 U.S. Treasury Note 2.63 5,000,000.00 5,289,959.94 4,934,950.00 07-12-21 12-31-25 CITY 9128285T3 U.S. Treasury Note 2.63 5,000,000.00 5,451,958.35 4,760,950.00 07-12-21 12-31-23 CITY 912828V23 U.S. Treasury Note 2.25 5,000,000.00 5,244,161.50 4,925,400.00 12-17-21 12-15-23 CITY 91282CBA8 U.S. Treasury Note 0.56 10,000,000.00 9,913,130.25 9,772,300.00 12-17-21 12-15-24 CITY 91282CDN8 U.S. Treasury Note (UBS) 0.85 10,000,000.00 10,045,505.25 9,410,200.00 12-22-21 12-15-23 CITY 91282CBA8 U.S. Treasury Note 0.56 5,000,000.00 4,957,270.88 4,886,150.00 12-22-21 12-15-24 CITY 91282CDN8 U.S. Treasury Note 0.88 5,000,000.00 5,018,208.38 4,705,100.00 12-20-21 12-15-24 CITY 91282CDN8 U.S. Treasury Note (Stifel) 1.00 5,000,000.00 5,017,187.50 4,705,078.10 03-08-23 03-31-26 CITY 9128286L9 U.S. Treasury Note (UBS) 2.25 3,200,000.00 3,029,330.80 3,010,496.00 TOTAL U.S. TREASURY SECURITIES 71,200,000.00$ 72,950,395.77$ 68,492,946.60$ GOVERNMENT AGENCY PAPER 06-10-20 06-16-25 CITY 3133ELK37 Federal Farm Credit 0.78 5,000,000.00 5,000,000.00 4,604,401.25 08-07-20 05-06-24 CITY 3133EL2X1 Federal Farm Credit 0.42 2,000,000.00 2,000,000.00 1,914,808.08 08-27-20 11-27-24 CITY 3134GWNG7 Freddie Mac Domestic 0.50 2,000,000.00 2,000,000.00 1,867,580.54 04-01-21 04-01-25 CITY 3133EMUP5 Fed Farm Credit 0.71 5,000,000.00 5,000,000.00 4,629,334.75 05-11-21 09-04-25 CITY 3133EJYM5 FFCB Bond 0.59 1,000,000.00 1,103,275.25 963,220.00 05-11-21 09-04-25 CITY 3133EJYM5 FFCB Bond 0.57 0.57 2,000,000.00 2,208,460.00 1,926,440.00 06-04-21 11-07-25 CITY 3135G06G3 Fannie Mae 0.55 3,000,000.00 2,993,675.25 2,718,300.00 06-04-21 08-01-24 CITY 3130AMHH8 FHLB NOTE 0.41 4,000,000.00 4,000,000.00 3,784,890.08 06-07-21 06-07-24 CITY 3130AMQR6 FHLB NOTE 0.35 3,000,000.00 3,000,000.00 2,857,869.93 06-30-21 12-30-25 CITY 3130AMRQ7 FHLB NOTE 0.88 3,000,000.00 3,000,000.00 2,724,400.26 07-29-21 04-29-26 CITY 3130AN5C0 FHLB NOTE 1.05 4,000,000.00 4,010,455.13 3,606,160.00 12-17-21 11-12-25 CITY 3134GXBM5 FHLMC Note 1.15 1,150,000.00 1,125,785.50 1,036,575.50 12-17-21 12-30-24 CITY 3130AQDY6 FHLB 1.00 6,750,000.00 6,750,000.00 6,327,843.39 12-17-21 06-23-25 CITY 3133ENHW3 FFCB 1.17 10,000,000.00 10,000,000.00 9,275,883.70 12-20-21 07-30-25 CITY 3136G4ZP1 FANNIE MAE 0.65 3,500,000.00 3,444,175.00 3,203,308.12 12-20-21 09-24-25 CITY 3134GWUG9 FREDDIE MAC 0.57 10,000,000.00 9,806,600.00 9,088,861.70 12-21-21 12-22-26 CITY 3133ENJC5 FFCB 1.29 5,000,000.00 5,000,000.00 4,487,676.35 01-14-22 01-14-25 CITY 3130AQEA7 FHLB 1.05 7,000,000.00 7,000,000.00 6,561,152.22 06-29-22 08-12-25 CITY 3133EL3P7 Federal Farm Credit Bank 3.34 1,810,000.00 1,660,349.20 1,650,002.84 06-29-22 03-28-25 CITY 3130A5DH9 Federal Home Loan Bank 3.34 1,950,000.00 1,937,715.00 1,873,133.09 06-24-22 02-26-27 CITY 3130AL5A8 Federal Home Loan Bank 3.33 5,000,000.00 4,479,000.00 4,355,784.25 08-17-22 10-27-26 CITY 3134GW4C7 Freddie Mac Global Unsecured 0.80 5,000,000.00 4,539,500.00 4,429,309.65 01-06-23 02-25-27 CITY 3130AQRH8 Federal Home Loan Bank 4.38 5,000,000.00 4,590,638.89 4,571,978.55 01-06-23 04-19-27 CITY 3130ARHJ3 Federal Home Loan Bank 4.38 5,000,000.00 4,801,354.86 4,742,725.40 05-18-23 05-18-27 CITY 3133EPKC8 Federal Farm Credit Bank Unsec 5.39 5,000,000.00 5,000,000.00 4,949,700.35 06-05-23 05-30-28 CITY 3133EPLE3 Federal Farm Credit Bond 4.67 2,815,000.00 2,822,746.50 2,753,942.65 09-21-23 03-21-24 CITY 3130AXAP3 FEDL HOME LOAN BANK BOND 5.75 4,750,000.00 4,746,437.50 4,747,196.18 TOTAL GOVERNMENT AGENCY PAPER 113,725,000.00$ 112,020,168.08$ 105,652,478.83$ CITY OF PALMDALE INVESTMENTS

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS NOVEMBER 30, 2023 CORPORATE NOTES 5/17/2023 3/1/2026 CITY 30231GAT9 EXXON MOBIL CORPORATION 3.04 $1,000,000 $982,084 955,987.20 5/17/2023 3/2/2026 CITY 194162AQ6 COLGATE-PALMOLIVE CO GLOBAL 4.80 $1,000,000 $1,035,553 1,003,302.97 5/17/2023 1/26/2026 CITY 742718FY0 PROCTER & GAMBLE CO/THE GLOGAL 4.10 $1,000,000 $1,018,472 987,613.50 TOTAL CORPORATE BONDS $3,000,000 $3,036,109 2,946,903.67$ STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND 09-01-84 n/a CITY ACCOUNT 98-19-620 0.78 53,703,651.99 53,703,651.99 53,703,651.99 06/23/08 n/a PCA ACCOUNT 40-19-060 0.78 51,770,665.78 51,770,665.78 51,770,665.78 n/a ARPA ACCOUNT 19-19-004 0.78 23,229,613.46 23,229,613.46 23,229,613.46 TOTAL LAIF ACCOUNTS 128,703,931.23$ 128,703,931.23$ 128,703,931.23$ CAMP- CALIFORNIA ASSET MANAGEMENT PROGRAM 6080-01 n/a CITY ACCOUNT 6080-01 0.30 265,347.40 265,347.40 265,347.40 TOTAL CAMP ACCOUNTS 265,347.40$ 265,347.40$ 265,347.40$ UBS FINANCIAL SERVICES n/a n/a CITY ACCOUNT 0.00 66,459.93 66,459.93 66,459.93 TOTAL UBS FINANCIAL SERVICES ACCOUNTS 66,459.93$ 66,459.93$ 66,459.93$ TOTAL CITY INVESTMENTS 316,960,738.56$ 317,042,411.52$ 306,128,067.66$

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS NOVEMBER 30, 2023 PURCHASE MATURITY ACCOUNT INTEREST INVESTED DATE DATE FUND NUMBER RATE AMOUNT STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND 11-20-84 n/a LIBRARY 16-19-012 0.78 12,894.77 TOTAL LIBRARY INVESTMENTS 12,894.77$ PURCHASE MATURITY ACCOUNT INTEREST INVESTED DATE DATE FUND NUMBER RATE AMOUNT BOND PROCEEDS SIERRA GATEWAY COMMUNITY FACILITIES DISTRICT 91-1 Fiscal Agent: U.S. Bank National Association (fka First Trust) 05-10-95 n/a BOND 95421220 0.35 112.24 05-10-95 n/a IMPROVEMENT 95421222 0.10 163,116.71 City Held Cash (Fund 736-114000) ($255,912.67) TOTAL SIERRA GATEWAY COMMUNITY FACILITIES DISTRICT 91-1 163,228.95$ BOND PROCEEDS RITTER RANCH COMMUNITY FACILITIES DISTRICT 93-1 Fiscal Agent: U.S. Bank National Association (fka First Trust) 04-06-95 n/a RESERVE-SEN 95