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04 April 8, 2020 Commission MEETING AGENDA TIME/DATE: 9:30 a.m. / Wednesday, April 8, 2020 Pursuant to Governor Newsom’s Executive Order N-29-20, (March 18, 2020), the Governing Board meeting will only be conducted via video conferencing and by telephone. Please follow the instructions on the following page to join the meeting remotely. COMMISSIONERS Chair – Ben J. Benoit Vice Chair – Jan Harnik Second Vice Chair – V. Manuel Perez Kevin Jeffries, County of Riverside, District 1 Karen Spiegel, County of Riverside, District 2 Chuck Washington, County of Riverside, District 3 V. Manuel Perez, County of Riverside, District 4 Jeff Hewitt, County of Riverside, District 5 Art Welch / Daniela Andrade, City of Banning Lloyd White / Julio Martinez, City of Beaumont Joseph DeConinck / Johnny Rodriguez, City of Blythe Larry Smith / Linda Molina, City of Calimesa Randall Bonner / Jeremy Smith, City of Canyon Lake Raymond Gregory / Mark Carnevale, City of Cathedral City Steven Hernandez / Megan Beaman Jacinto, City of Coachella Wes Speake / Jim Steiner, City of Corona Scott Matas / Russell Betts, City of Desert Hot Springs Clint Lorimore / Todd Rigby, City of Eastvale Linda Krupa / Russ Brown, City of Hemet Dana Reed / Kimberly Muzik, City of Indian Wells Waymond Fermon / Oscar Ortiz, City of Indio Brian Berkson / Chris Barajas, City of Jurupa Valley Kathleen Fitzpatrick / Robert Radi, City of La Quinta Bob Magee / Natasha Johnson, City of Lake Elsinore Bill Zimmerman / Dean Deines, City of Menifee Yxstain Gutierrez / Carla Thornton, City of Moreno Valley Scott Vinton / Christi White, City of Murrieta Berwin Hanna / Ted Hoffman, City of Norco Jan Harnik / Kathleen Kelly, City of Palm Desert Lisa Middleton / Dennis Woods, City of Palm Springs Michael M. Vargas / Rita Rogers, City of Perris Ted Weill / Charles Townsend, City of Rancho Mirage Rusty Bailey / Andy Melendrez, City of Riverside Andrew Kotyuk / Russ Utz, City of San Jacinto Michael S. Naggar / Maryann Edwards, City of Temecula Ben J. Benoit / Joseph Morabito, City of Wildomar Mike Beauchamp, Governor’s Appointee Caltrans District 8 RIVERSIDE COUNTY TRANSPORTATION COMMISSION www.rctc.org MEETING AGENDA* *Actions may be taken on any item listed on the agenda 9:30 a.m. Wednesday, April 8, 2020 Pursuant to Governor Newsom’s Executive Order N-29-20, (March 18, 2020), the Governing Board meeting will only be conducted via video conferencing and by telephone. Please follow the instructions below to join the meeting remotely. INSTRUCTIONS FOR ELECTRONIC PARTICIPATION Join Zoom Meeting - from PC, Laptop or Phone https://us04web.zoom.us/j/432514518 Meeting ID: 432 514 518 (applies to all) Teleconference Dial In +1 669 900 6833 One tap mobile +16699006833, 432514518# US Phone controls for participants: The following commands can be used on your phone’s dial pad while in Zoom meeting: • *6 - Toggle mute/unmute • *9 - Raise hand For members of the public wishing to submit comment in connection with the Commission Meeting please email written comments to the Clerk of the Board at lmobley@rctc.org prior to April 7, 2020 at 5:00 p.m. and your comments will be made part of the official record of the proceedings and read into the record. Members of the public may also make public comments through their telephone or Zoom connection when recognized by the Chair. In compliance with the Brown Act and Government Code Section 54957.5, agenda materials distributed 72 hours prior to the meeting, which are public records relating to open session agenda items, will be available for inspection by members of the public prior to the meeting on the Commission’s website, www.rctc.org. In compliance with the Americans with Disabilities Act, Government Code Section 54954.2, Executive Order N-29-20, and the Federal Transit Administration Title VI, please contact the Clerk of the Board at (951) 787-7141 if special assistance is needed to participate in a Commission meeting, including accessibility and translation services. Assistance is provided free of charge. Notification of at least 48 hours prior to the meeting time will assist staff in assuring reasonable arrangements can be made to provide assistance at the meeting. Riverside County Transportation Commission Meeting Agenda April 8, 2020 Page 2 1. CALL TO ORDER 2. ROLL CALL 3. PLEDGE OF ALLEGIANCE 4. PUBLIC COMMENTS – Under the Brown Act, the Commission should not take action on or discuss matters raised during public comment portion of the agenda that are not listed on the agenda. Commission members may refer such matters to staff for factual information or to be placed on the subsequent agenda for consideration. 5. ADDITIONS / REVISIONS – The Commission may add an item to the Agenda after making a finding that there is a need to take immediate action on the item and that the item came to the attention of the Commission subsequent to the posting of the agenda. An action adding an item to the agenda requires 2/3 vote of the Commission. If there are less than 2/3 of the Commission members present, adding an item to the agenda requires a unanimous vote. Added items will be placed for discussion at the end of the agenda. 6. CONSENT CALENDAR – All matters on the Consent Calendar will be approved in a single motion unless a Commissioner(s) requests separate action on specific item(s). Items pulled from the Consent Calendar will be placed for discussion at the end of the agenda. 6A. APPROVAL OF MINUTES – MARCH 8, 2020 Page 1 6B. QUARTERLY FINANCIAL STATEMENTS Page 14 Overview This item is for the Commission to receive and file the Quarterly Financial Statements for the six months ended December 31, 2019. 6C. QUARTERLY INVESTMENT REPORT Page 24 Overview This item is for the Commission to receive and file the Quarterly Investment Report for the quarter ended December 31, 2019. 6D. STATE AND FEDERAL LEGISLATIVE UPDATE Page 103 Overview This item is for the Commission to receive and file an update on state and federal legislation. Riverside County Transportation Commission Meeting Agenda April 8, 2020 Page 3 6E. AGREEMENTS FOR FREEWAY SERVICE PATROL TOW TRUCK SERVICE Page 112 Overview This item is for the Commission to: 1) Approve Agreement No. 20-45-030-00 to Royal Coaches Auto Body & Towing for Freeway Service Patrol (FSP) tow truck services on Interstate 15 (I-15) Beat No. 25 for a five-year term, in an amount of $1,625,473, plus a contingency amount of $81,274, for a total amount not to exceed $1,706,747; 2) Approve Agreement No. 20-45-031-00 to Pepe’s Towing Service Inc. for FSP tow truck services on I-15 Beat No. 26 for a five-year term, in an amount of $1,674,401, plus a contingency amount of $83,720, for a total amount not to exceed $1,758,121; 3) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreements on behalf of the Commission; and 4) Authorize the Executive Director, or designee, to approve the use of the contingency amount as may be required for these services. 6F. CALIFORNIA TRANSPORTATION COMMISSION STAFF RECOMMENDATIONS FOR 2020 STATE TRANSPORTATION IMPROVEMENT PROGRAM Page 206 Overview This item is for the Commission to receive and file the California Transportation Commission (CTC) staff recommendations for 2020 State Transportation Improvement Program (STIP). 6G. APPROVE AGREEMENT FOR CONSTRUCTION MANAGEMENT SERVICES, MATERIALS TESTING, AND CONSTRUCTION SURVEYING FOR THE STATE ROUTE 91 CORRIDOR OPERATIONS PROJECT IN ORANGE AND RIVERSIDE COUNTIES Page 208 Overview This item is for the Commission to: 1) Award Agreement No. 20-31-033-00 to Falcon Engineering Services, Inc. to perform construction management services, materials testing, and construction surveying for the State Route 91 Corridor Operations Project (91 COP) in Orange and Riverside Counties in the amount of $4,456,957, plus a contingency amount of $445,695 for a total amount not to exceed $4,902,652; 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to finalize and execute the agreement on behalf of the Commission; 3) Authorize the Executive Director, or designee, to approve the use of the contingency amount as may be required for the 91 COP; and Riverside County Transportation Commission Meeting Agenda April 8, 2020 Page 4 4) Authorize the expenditure of 91 Express Lanes toll revenue designated as surplus in accordance with the 2013 Toll Revenue Bonds Indenture to fund the 91 COP construction management services, materials testing, and construction surveying expenditures approved as part of this item in the amount of $4,902,652. 6H. CALIFORNIA ENVIRONMENTAL QUALITY ACT REVALIDATION AND ADDENDUM TO THE ENVIRONMENTAL IMPACT REPORT FOR THE MODIFIED STATE ROUTE 91 CORRIDOR IMPROVEMENT PROJECT FOR THE CORRIDOR OPERATIONS IMPROVEMENTS Page 243 Overview This item is for the Commission to adopt Resolution No. 20-003, “Resolution of the Riverside County Transportation Commission Adopting an Addendum to the Previously Certified Environmental Impact Report (SCH #2008071075) Pursuant to the California Environmental Quality Act for the State Route 91 Corridor Improvement Project and Approving the Proposed Changes to the Project”. 6I. TEMPORARILY DISCONTINUE 91 EXPRESS LANES ACCOUNT FEES Page 364 Overview This item is for the Commission to: 1) Direct staff to temporarily discontinue certain 91 Express Lanes account fees; and 2) Authorize the Executive Director to restore the account fees in conjunction with the Orange County Transportation Authority (OCTA), at the appropriate time, to their prior levels. 7. RESOLUTION APPROVAL: EMERGENCY DECLARATION Page 366 Overview This item is for the Commission to approve Resolution No. 20-005, “Resolution of the Riverside County Transportation Commission Proclaiming a Local Emergency”, in response to the introduction of the novel coronavirus (COVID-19) in Riverside County. Riverside County Transportation Commission Meeting Agenda April 8, 2020 Page 5 8. EMERGENCY PUBLIC TRANSIT FUNDING ALLOCATIONS DUE TO THE COVID-19 PANDEMIC Page 370 Overview This item is for the Commission to: 1) Authorize the Executive Director to allocate up to $15,410,000 in Local Transportation Fund (LTF) fund reserves to the Riverside County transit operators as emergency contingency funds due to a loss of revenues caused by the COVID-19 pandemic; 2) Authorize the Executive Director to approve Short Range Transit Plan (SRTP) amendments related to impacts of COVID-19 not to exceed an increase of $15,410,000; 3) Approve a budget increase to the Fiscal Year 2019/20 budget in the amount of $15,410,000 for LTF transit operating expenditures; 4) Direct staff to work with the transit operators to seek state and federal emergency funding to the maximum extent possible to mitigate the use of LTF fund reserves; and 5) Direct staff to submit amendments to the Federal Transportation Improvement Program (FTIP) as necessary. 9. ACCELERATED ADOPTION OF FINAL TRAFFIC RELIEF PLAN AND DEFERRAL OF ELECTION Page 373 Overview This item is for the Commission to: 1) Direct staff to present the Final Traffic Relief Plan for Commission approval at its May 13, 2020 Commission meeting; and 2) Defer placing a measure on the ballot to fund the Traffic Relief Plan to a future election. 10. ITEM(S) PULLED FROM CONSENT CALENDAR AGENDA 11. COMMISSIONERS / EXECUTIVE DIRECTOR REPORT Overview This item provides the opportunity for the Commissioners and the Executive Director to report on attended meetings/conferences and any other items related to Commission activities. 12. ADJOURNMENT The next meeting of the Commission is scheduled to be held on Wednesday, May 13, 2020, Board Room, First Floor, County Administrative Center, 4080 Lemon Street, Riverside. AGENDA ITEM 6A MINUTES RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEETING MINUTES Wednesday, March 11, 2020 1. CALL TO ORDER The Riverside County Transportation Commission was called to order by Chair Ben J. Benoit at 9:33 a.m. in the Board Room at the County of Riverside Administrative Center, 4080 Lemon Street, First Floor, Riverside, California, 92501. 2. ROLL CALL Commissioners/Alternates Present Commissioners Absent Rusty Bailey* V. Manuel Perez Joseph DeConinck Ben J. Benoit Dana Reed Yxstain Gutierrez Brian Berkson Wes Speake Michael Naggar Karen Spiegel Larry Smith Scott Vinton Randall Bonner Michael M. Vargas Christy Connors Chuck Washington Waymond Fermon Ted Weill Kathleen Fitzpatrick Lloyd White Raymond Gregory Art Welch Berwin Hanna Russ Utz* Jan Harnik Bill Zimmerman Steven Hernandez Jeff Hewitt Kevin Jeffries Linda Krupa Clint Lorimore* Bob Magee Lisa Middleton *Arrived after the meeting was called to order. 3. PLEDGE OF ALLEGIANCE Commissioner Bob Magee led the Commission in a flag salute. 4. PUBLIC COMMENTS Jessica Munoz, Riverside County Executive Director of Voices for Children on behalf of the Court Appointed Special Advocate (CASA) for Riverside County, expressed appreciation to 1 Riverside County Transportation Commission Meeting Minutes March 11, 2020 Page 2 all the individuals and entities that have supported CASA. This is their 5th Anniversary in Riverside County and RCTC had a part in helping make their growth in this County possible with the Measure A funding received with a grant opportunity. She discussed how the volunteers of CASA help the children in this program and how this is a volunteer opportunity available to anyone in the community that is willing to advocate for a child. 5. ADDITIONS / REVISIONS There were no additions or revisions to the agenda. At this time, Commissioners Rusty Bailey, Clint Lorimore, and Russ Utz joined the meeting. 6. APPROVAL OF MINUTES – JANUARY 8 AND 31 AND JANUARY 30-31, 2020 WORKSHOP M/S/C (Vargas/Betts) to approve the January 8 and 31 and January 30-31 Workshop minutes as submitted. Abstain: Magee 7. CONSENT CALENDAR At this time, Commissioner Wes Speake Pulled Agenda item 7J, “Agreement with Selected Consultants for On-Call Traffic and revenue Study services”, for further discussion. M/S/C (Berkson/Zimmerman) to approve the following Consent Calendar items. 7A. QUARTERLY SALES TAX ANALYSIS Receive and file the sales tax analysis for Quarter 2, 2019. 7B. SINGLE SIGNATURE AUTHORITY REPORT Receive and file the Single Signature Authority report for the second quarter ended December 31, 2019. 7C. AGREEMENT WITH EIDE BAILLY FOR AUDIT SERVICES 1) Award Agreement No. 20-19-021-00 to Eide Bailly LLP (Eide Bailly) for audit services for a three-year term, with three one-year options to extend the agreement, for $1,461,198, plus a contingency in the amount of $138,802, for a total amount not to exceed $1.6 million; 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to finalize and execute the agreement, including options years, on behalf of the Commission; and 2 Riverside County Transportation Commission Meeting Minutes March 11, 2020 Page 3 3) Authorize the Executive Director or designee to approve contingency work up to the total not to exceed amount as required for these audit services. 7D. FISCAL YEAR 2019/20 MID-YEAR BUDGET ADJUSTMENTS Approve Fiscal Year 2019/20 mid-year budget adjustments for a net increase of $22,041,000 and $21,506,000 in revenues and expenditures/expenses, respectively. 7E. PROPOSED POLICY GOALS AND OBJECTIVES FOR FISCAL YEAR 2020/21 BUDGET 1) Review and approve the proposed Commission Policy Goals and Objectives for the Fiscal Year 2020/21 Budget; and 2) Review and approve the Fiscal Accountability Policies for the FY 2020/21 Budget. 7F. STATE AND FEDERAL LEGISLATIVE UPDATE Receive and file an update on state and federal legislation. 7G. RIVERSIDE COUNTY 2020 FEDERAL TRANSPORTATION IMPROVEMENT PROGRAM FINANCIAL RESOLUTION Approve Resolution No. 20-002, “Resolution of the Riverside County Transportation Commission Certifying Riverside County Has Resources to Fund Projects in the Federal Fiscal Years 2020/21 Through 2025/26 Transportation Improvement Program and Affirming Commitment to Implement All Projects in the Program”. 7H. 91 EXPRESS LANES MONTHLY STATUS REPORTS Receive and file the 91 Express Lanes Monthly Reports for the six months from July to December 2019. 7I. CALTRANS MAINTENANCE AMENDMENT FOR RCTC 91 EXPRESS LANES AND 15 EXPRESS LANES 1) Approve Agreement No. 17-31-021-03, Amendment to No. 3 to Agreement No. 17-31-021-00, with the California Department of Transportation (Caltrans) for roadway maintenance of the RCTC 91 Express lanes and 15 Express Lanes in an amount not to exceed $400,000 for FY 2020/21; and 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to finalize and execute the agreement on behalf of the Commission. 3 Riverside County Transportation Commission Meeting Minutes March 11, 2020 Page 4 7K. QUARTERLY PUBLIC ENGAGEMENT METRICS REPORT, OCTOBER-DECEMBER 2019 Receive and file the Quarterly Public Engagement Metrics Report for October – December 2019. 7L. AMENDMENT TO AGREEMENT WITH T.Y. LIN INTERNATIONAL FOR FINAL DESIGN SERVICES RELATED TO THE MID COUNTY PARKWAY INTERSTATE 215/PLACENTIA AVENUE INTERCHANGE IMPROVEMENT PROJECT AND AGREEMENT FOR CONSTRUCTION ZONE ENFORCEMENT ENHANCEMENT PROGRAM SERVICES FOR THE PROJECT 1) Approve Agreement No. 16-31-066-04, Amendment No. 4 to Agreement No. 16-31-066-00, with T.Y. Lin International (T.Y. Lin) to complete final design services and prepare the Interstate 215/Placentia Avenue interchange improvement (I-215/Placentia Avenue) project for advertising and award, in the amount of $386,663, plus a contingency amount of $38,666, for an additional amount of $425,329, and a total amount not to exceed $5,171,185; 2) Approve Agreement No. 20-31-051-00 with the California Highway Patrol (CHP) for Construction Zone Enforcement Enhancement Program (COZEEP) services in an amount not to exceed $279,900; 3) Authorize the Chair or Executive Director, pursuant to legal counsel review, to finalize and execute the agreements on behalf of the Commission; and 4) Authorize the Executive Director or designee to approve the use of the contingency amount as may be required for the project. 7M. AMENDMENT TO AGREEMENT FOR CALIFORNIA HIGHWAY PATROL CONSTRUCTION ZONE ENHANCEMENT ENFORCEMENT PROGRAM SERVICES DURING THE CONSTRUCTION OF THE STATE ROUTE 60 TRUCK LANES PROJECT 1) Approve Agreement No. 19-31-038-01, Amendment No. 1 to Agreement No. 19-31-038-00, with the California Highway Patrol (CHP) for Construction Zone Enhanced Enforcement Program (COZEEP) services during the construction of the State Route 60 Truck Lanes project (Project) in the amount of $350,000, plus a contingency amount of $100,000, for an additional amount of $450,000, and a total amount not to exceed $1,490,070; 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreement on behalf of the Commission; and 3) Authorize the Executive Director, or designee, to approve contingency work as may be required for the agreement. 4 Riverside County Transportation Commission Meeting Minutes March 11, 2020 Page 5 8. REFINANCING OF 91 EXPRESS LANES TOLL DEBT Theresia Trevino, Chief Financial Officer, presented the Refinancing of 91 Express Lanes Toll Debt, highlighting the following areas: • Current 91 Express Lanes Toll Debt • Refinancing process • Financing team • Proposed 2020 Refinancing Plan • 2020 Refinancing Toll Bonds sources and uses • Required disclosures • 2020 Refinancing documents and approvals • 2020 Refinancing timeline • Why refinance now – Benefit to RCTC and current market conditions Commissioner Wes Speake expressed appreciation for a great presentation, for updating it from the March Budget and Implementation Committee meeting, and that the bonds would be available to the retail market. He read a statement about definitions and inquired that this does not include changing that these excess toll revenues can be used outside of 91 Corridor. Theresia Trevino concurred and explained it expands the definition since currently the existing indenture provides only for two projects the 15/91 Express Lanes Connector and the 71/91 Interchange. By eliminating reference to just two projects it provides for the Commission to be able to do anything that meets the 91 Corridor definition. Commissioner Speake explained this is a great idea to have more control over the funds as the surpluses are piling up and in favor of paying down the Commission’s debt when it makes sense as well as freeing up Measure A funds to reinvest it in other places including the 91 Project. He requested to have a reassessment of the entire project as there were a lot of deferred projects and about $400 million of projects progressing forward and noted being aware this is not part of this vote. He suggested for staff to bring back an update about the deferred parts of the project primarily east of I-15 that is impacting toll rates and those funds, and to get in a position to accelerate those projects due to the impacts on toll rates. M/S/C (Bailey/Spiegel) to: 1) Receive and file the presentation regarding the refinancing of the Commission’s Toll Revenue Senior Lien Bonds, 2013 Series A (2013A Bonds) and 2013 Transportation Infrastructure Financing and Innovation Act (TIFIA) Loan (2013 TIFIA Loan) related to the State Route 91 Corridor Improvement Project (91 5 Riverside County Transportation Commission Meeting Minutes March 11, 2020 Page 6 Project) with the issuance of taxable and tax-exempt senior lien and second lien toll revenue refunding bonds (2020 Refunding Toll Bonds); 2) Approve the refinancing plan to refund all or a portion of the 2013A Bonds, currently outstanding in the amount of $123.8 million, and prepay all or a portion of the 2013 TIFIA Loan, currently outstanding in the amount of approximately $481 million; 3) Adopt Resolution No. 20-001, “Resolution Authorizing the Issuance and Sale of Not to Exceed $725,000,000 Aggregate Principal Amount of Riverside County Transportation Commission Toll Revenue Refunding Bonds in One or More Series, the Refunding of Outstanding Bonds, the Execution and Delivery of One or More Supplemental Indentures, One or More Purchase Contracts, One or More Official Statements, One or More Continuing Disclosure Agreements and One or More Escrow Agreements, the Adoption of a Restated Debt Management Policy, and the Taking of All Other Actions Necessary in Connection Therewith”; 4) Approve the proposed form of the Preliminary Official Statement for the issuance of not to exceed $725 million in 2020 Refunding Toll Bonds and authorize the Executive Director to approve and execute the printing and distribution of the final form of the Official Statement; 5) Approve the proposed form of the Continuing Disclosure Agreement related to the 2020 Refunding Toll Bonds, by and between the Riverside County Transportation Commission and Digital Assurance Certification, L.L.C., as dissemination agent, and authorize the Executive Director to approve and execute the final form of the Continuing Disclosure Agreement; 6) Approve the proposed forms of the Third Supplemental Indenture and Fourth Supplemental Indenture for the 2020 Refunding Toll Bonds, each by and between the Riverside County Transportation Commission and U.S. Bank National Association (US Bank), as Trustee, and authorize the Executive Director to approve and execute the final forms of the Third Supplemental Indenture and Fourth Supplemental Indenture; 7) Approve the proposed form of the Bond Purchase Agreement(s), also referred to as Purchase Contract(s), between the Riverside County Transportation Commission and Bank of America Securities, Inc. (BofA), as Underwriter Representative acting on behalf of itself and Goldman, Sachs & Co. (Goldman), Wells Fargo Securities (Wells Fargo), J.P. Morgan (JPM), and Siebert Cisneros Shank & Co., LLC (Siebert), (collectively the Underwriters), for the 2020 Refunding Toll Bonds and authorize the Chief Financial Officer to approve and execute the final form of the Bond Purchase Agreement; 8) Approve the proposed form of the Escrow Agreement, by and between the Commission and US Bank, as Escrow Agent, and authorize the Executive Director to approve and execute the final Escrow Agreement; 9) Approve the estimated costs of issuance, including estimated underwriter’s discount, of $3,723,592 to be paid from the proceeds of the 2020 Refunding Toll Bonds; 6 Riverside County Transportation Commission Meeting Minutes March 11, 2020 Page 7 10) Approve Agreement No. 05-19-510-17, Amendment No. 17 to Agreement No. 05-19-510-00, with Orrick, Herrington, & Sutcliffe LLP (Orrick) for bond counsel services related to the issuance of the 2020 Refunding Toll Bonds for an additional amount of $325,000 and a total amount not to exceed $3,330,000; 11) Approve Agreement No. 09-19-072-15, Amendment No. 15 to Agreement No. 09-19-072-00, with Norton Rose Fulbright US LLP (Norton Rose) for disclosure counsel services related to the issuance of the 2020 Refunding Toll Bonds for an additional amount of $155,000 and a total amount not to exceed $1,022,600; and 12) Approve adjustments to the Fiscal Year 2019/20 budget in the amounts of $665,392,399 to increase sources related to the issuance of the 2020 Refunding Toll Bonds and $631,270,196 to increase uses related to the use of the proceeds of the 2020 Refunding Toll Bonds. Abstain: White on staff Recommendation No. 11. 9. AWARD OF INTERSTATE 15/RAILROAD CANYON ROAD INTERCHANGE PROJECT CONSTRUCTION AGREEMENT TO RIVERSIDE CONSTRUCTION COMPANY Bryce Johnston, Capital Projects Manager, presented the award of I-15/Railroad Canyon Road Interchange project, highlighting the following areas: • A map depicting the project location • Features and benefits – Safety, capacity, and traffic flow • I-15 Railroad Canyon Road Interchange map depicting the upgrades • Public outreach • Preliminary schedule • Bid results Commissioner Magee expressed April will mark 20 years since the city of Lake Elsinore first submitted its project study report, which is the first step in the process to change an interchange. He discussed the various documents, engineers, and design alternatives that were needed to get this project approved and expressed appreciation to Commission staff for making this possible, especially to Mark Lancaster. Commissioner Magee expressed appreciation the winning bid is significantly below the engineer’s estimate and requested the Commission consider the savings be directed to Main Street/I-15 Interchange in the city of Lake Elsinore, which is ready to go and he then moved approval of this item. Commissioner Spiegel expressed appreciation for this project and how Commissioner Magee advocated for this project for several years that pushed it through fruition and how the Commissioners need to take heed on their projects. She supported Commissioner Magee’s request to use the cost savings for the Main Street/I-15 Interchange project if that was part of the motion. 7 Riverside County Transportation Commission Meeting Minutes March 11, 2020 Page 8 Commissioner Kevin Jeffries expressed support for this project. In response to Commissioner Spiegel’s clarification, Commissioner Magee replied the city of Lake Elsinore will go through the appropriate process in regards to the Main Street/I- 15 Interchange Project. Anne Mayer stated she was looking forward to receiving the city of Lake Elsinore’s request for the Main Street/I-15 Interchange Project and staff will address it and bring it back to the Commission for consideration. She expressed gratitude to Commissioner Magee for his patience and diligence and thanked and introduced Matt Pim, President and CEO for Riverside Construction Company who was in the audience. M/S/C (Magee/Hanna) to: 1) Award Agreement No. 20-31-034-00 to Riverside Construction Company to construct the Interstate 15/Railroad Canyon Road Interchange Project (Project), in the amount of $27,698,589, plus a contingency amount of $2,769,859, for potential change orders and supplemental work in the amount of $910,000 during construction, for a total amount not to exceed $31,378,448; 2) Approve Agreement No. 20-31-046-00 with the Pechanga Band of Luiseño Indians (Pechanga) for an amount not to exceed $100,000 for Native American monitoring services during construction of the Project; 3) Authorize the Chair or Executive Director, pursuant to legal counsel review, to finalize and execute the agreements on behalf of the Commission; and 4) Authorize the Executive Director, or designee, to approve contingency work as may be required for the Project. 10. AWARD OF: (1) DESIGN-BUILD CONTRACT; AND (2) AMENDMENT TO PROJECT AND CONSTRUCTION MANAGEMENT SERVICES AGREEMENT FOR THE INTERSTATE 15/STATE ROUTE 91 EXPRESS LANES CONNECTOR PROJECT David Thomas, Toll Project Manager, presented the Design-Build Contract and the 15/91 Express Lanes Connector Project and Construction Management Amendment, highlighting the following: • Project overview and background • Design-build (DB) procurement – Approach • DB procurement major milestones • DB procurement – Selection criteria • DB Procurement – Upset limit • Proposal price 8 Riverside County Transportation Commission Meeting Minutes March 11, 2020 Page 9 • Bid analysis • Recommendation: o Commission reserved the right to award to the lowest bid price o SB 132 funds sunset June 30, 2023 o Recommend DB contract award to Myers-Rados, a Joint Venture • Project/construction management services • Overall project cost Commissioner Brian Berkson noted this was discussed at the February Western Riverside County Programs and Projects Committee meeting and wanted to point out a few items. He expressed concern for the $10 million cost for the half-mile extension eastbound from SR-91, which was an addition to the 91 Project including the overpass costing more, and the Commission is doing more. Commissioner Berkson expressed concern the SB 132 funds sunset June 30, 2023, as the Commission loses $180 million if the deadline is not met and as Mr. Thomas mentioned re-procuring this does not guarantee the Commission gets a lower dollar amount coming in from another contractor and it would delay this up to a year. He stated this has his full support and it is the best scenario for the Commission. In response to Commissioner Russ Utz inquiry about the eight month extension was due to the extra work and getting the schedule worked out with Caltrans, David Thomas replied part of the eight month extension was due to back and forth discussion and there was more than one design-builder the Commission was working with and he provided some of those issues, which was not a result of Caltrans it was a result of working with these design-builders and the one on one process. Commissioner Utz concurred with the other Commissioners as this is an important project and it is sensitive and suggested looking at the practice of shortlisting in the future and getting these proposals on PlanetBids and opening that process up as there is capacity in the market place to do the work. Anne Mayer stated this was discussed at the February Western Riverside County Programs and Projects Committee meeting as well in that this is a different type of a procurement as opposed to the low bids and she discussed the I-15/Railroad Canyon Interchange Project as an example as it is simple and not as complex project, which is typical why the Commission would use a design-build approach and work to get the lowest bid possible. She discussed the reasons why the Commission had chosen to do some projects through design-build and its complexity, technical capabilities, and how the Commission evaluates implementing procurements on projects. Anne Mayer expressed the Commission has been and will continue to be careful and selective in choosing when to use design-build, which is ensuring the Commission receives the lowest cost of the taxpayer. At this, time, Anne Mayer welcomed and introduced Myers-Rados, a joint venture and the Parsons teams, which were in the audience. 9 Riverside County Transportation Commission Meeting Minutes March 11, 2020 Page 10 M/S/C (Vargas/Spiegel) to: 1) Award Agreement No. 19-31-074-00 to Myers-Rados, a Joint Venture (Myers-Rados JV) as the design-build contractor to design and construct the Interstate 15/State Route 91 Express Lanes Connector project (15/91 ELC) in the amount of $164,840,000, plus a contingency amount of $10,487,000, for a total amount not to exceed $175,327,000; 2) Approve Agreement No. 15-31-001-07, Amendment No. 7 to Agreement No. 15-31-001-00, with Parsons Transportation Group (Parsons) to provide project and construction management services for the proposed 15/91 ELC in the amount of $14,825,000, plus a contingency amount of $1,482,000, for a total amount not to exceed $16,307,000, and extend the term to June 30, 2024; 3) Authorize the Chair or the Executive Director, pursuant to legal counsel review, to finalize and execute the agreements on behalf of the Commission; and 4) Authorize the Executive Director or designee to approve contingency work up to the total amounts as required for the project. 11. ITEM(S) PULLED FROM CONSENT CALENDAR FOR DISCUSSION 7J. AGREEMENT WITH SELECTED CONSULTANTS FOR ON-CALL TRAFFIC AND REVENUE STUDY SERVICES Commissioner Speake expressed concern for the contract amount of $4 million for on-call traffic and revenue study services specifically the $1 million for peer review for turning the project over to San Bernardino County on I-15 and for the erroneous being put on the Commission. San Bernardino County will be building in Riverside County, impacting the Commission’s toll facility and expressed the Commission is setting money aside for this project that is not at that point yet and pointed this out for discussion. Anne Mayer stated this will be a subject of conversation at an I-15 Corridor Improvement Project Ad Hoc Committee meeting in April and she discussed how Commissioner Bob Magee requested to re-form this ad hoc committee and the primary topic for discussion will be the connection to the project north of Riverside County in San Bernardino County and this can be included for discussion at that ad hoc committee meeting. Commissioner Speake stated with that he moved the motion. M/S/C (Spiegel/Speake) to: 10 Riverside County Transportation Commission Meeting Minutes March 11, 2020 Page 11 1) Award the following agreements to provide on-call traffic and revenue study services for a five-year term in the amount of $3.9 million, plus a contingency amount of $195,000, for a total amount not to exceed $4,095,000: a) Agreement No. 20-31-019-00 to C&M Associates, Inc. (C&M Associates); b) Agreement No. 20-31-051-00 to CDM Smith, Inc. (CDM Smith); and c) Agreement No. 20-31-052-00 to Stantec Consulting Services, Inc. (Stantec); 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to finalize and execute the agreements on behalf of the Commission; 3) Authorize the Executive Director or designee to execute task orders awarded to the consultants under the terms of agreements; and 4) Authorize the Executive Director or designee to approve the use of the contingency amount as may be required for the task order services. At this time, Commissioners Bailey, Hewitt, Jeffries, and Perez left the meeting. 12. COMMISSIONERS/EXECUTIVE DIRECTOR’S REPORT 12A. Anne Mayer updated the Commission on the SR-60 Truck Lanes project and expressed gratitude to the construction team. Commissioner Berkson stated being on SR-60 in the Pass going to and from the desert on Monday and traffic was moving smoothly without delay. He noted the message on the signage leaving Palm Springs needs to remove as it still says one lane closed on SR-60. Commissioner Russell Betts inquired about final video that will wrap up on SR-60 Truck Lanes Project and expressed appreciation for this project when driving through there with the mountain cuts, there is hardly any construction being seen, and how smooth this project is going. Anne Mayer replied there is some exciting drone footage of the SR-60 Truck Lanes Project on the Commission’s website of the construction before and after. She requested Cheryl Donahue to come up and provide more information and noted the contractor on this project is Skanska. Cheryl Donahue expressed appreciation for the footage that Falcon has been able to provide, which is side by side footage of the corridor that began the westbound lane closure in August and what it looks like now and it is on the Commission’s website and YouTube channel. 11 Riverside County Transportation Commission Meeting Minutes March 11, 2020 Page 12 Anne Mayer clarified Falcon is flying the drone every week over the project. Cheryl Donahue concurred and stated the footage is given at the construction meetings on Tuesdays and it is put up on the Commission’s website by Friday. 12B. Commissioner Spiegel congratulated Commissioner Magee as he was elected as Chair of the SR-91 Advisory Committee and stated the meeting was very informational and an update should be brought back to the Commission as well. Updated the Commission on SCAG’s RHNA numbers, which are being contested although the Bailey Riverside methodology has remained and being forwarded to the state. She expressed gratitude for working with all the counties as it was a great experience. 12C. Commissioner Randall Bonner expressed appreciation on behalf of the citizens of Canyon Lake for the Commission approving the I-15 Railroad Canyon Interchange Project as there is only to primary ways to get out of Canyon Lake. He expressed appreciation for the special efforts of Commissioner Bob Magee for his tenacity for this project for 20 years. He expressed gratitude to Anne Mayer for coming to their March 4 City Council meeting to discuss the Traffic Relief Plan to the residents. 12D. Commissioner Middleton expressed gratitude on behalf of the city of Palm Springs to Anne Mayer for the Traffic Relief Plan presentation at the February 27 City Council meeting. 12E. Chair Benoit expressed gratitude to Commissioner Magee for all the hard work on the I-15 Railroad Canyon Interchange Project for 20 years as the city of Wildomar citizens get off that interchange as well and will a big improvement for that area. 12F. Commissioner Kathleen Fitzpatrick expressed appreciation for Anne Mayer and Aaron Hake coming to the March 3 City Council meeting for educating the citizens on the Traffic Relief Plan. Anne Mayer stated if there are any Commissioners that are interested in having her join them at a City Council meeting to discuss the Traffic Relief Plan or any other topic to contact her. 12 Riverside County Transportation Commission Meeting Minutes March 11, 2020 Page 13 13. CLOSED SESSION 13A. CONFERENCE WITH REAL PROPERTY NEGOTIATORS Pursuant to Government Code Section 54956.8 Agency Negotiator: Executive Director or Designee Item APN(s) Property Owner Buyer(s) 1 102-091-006 RCTC Dr. Gulabrai B. Ukani There were no announcements from the Closed Session Items. 13. ADJOURNMENT There being no further business for consideration by the Riverside County Transportation Commission, Chair Benoit adjourned the meeting at 10:59 a.m. The next Commission meeting is scheduled to be held at 9:30 a.m., Wednesday, April 8, 2020, Board Chambers, First Floor, County Administrative Center, 4080 Lemon Street, Riverside. Respectfully submitted, Lisa Mobley Clerk of the Board 13 AGENDA ITEM 6B Agenda Item 6B RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: April 8, 2020 TO: Riverside County Transportation Commission FROM: Michele Cisneros, Deputy Director of Finance THROUGH: Anne Mayer, Executive Director SUBJECT: Quarterly Financial Statements STAFF RECOMMENDATION: This item is for the Commission to receive and file the Quarterly Financial Statements for the six months ended December 31, 2019. BACKGROUND INFORMATION: During the first six months of the fiscal year, staff monitored the revenues and expenditures of the Commission. The attached financial statements present the revenues and expenditures for the first six months of the fiscal year. Period closing accrual adjustments are not included for revenues earned but not billed and expenditures incurred for goods and services received but not yet invoiced, as such adjustments are normally made during the year-end closing process. The operating statement shows the Measure A and Local Transportation Fund (LTF) sales tax revenues for the second quarter at 31 percent of the budget. This is a result of Governmental Accounting Standards Board (GASB) Statement No. 33, Accounting and Financial Reporting for nonexchange Transactions. GASB Statement No. 33 requires sales tax revenues to be accrued for the period in which they are collected at the point of destination or sale, as applicable. The California Department of Tax and Fee Administration (CDTFA) collects the sales tax funds and remits these funds to the Commission after the reporting period for the businesses. This creates a two-month lag in the receipt of revenues by the Commission. Accordingly, these financial statements reflect the revenues related to collections for October 2019. On a cash basis, the Measure A and LTF sales tax receipts are 1.27 and 1.46 percent lower and higher, respectively, than the same period last fiscal year. This is primarily a result of the resolution of processing issues encountered by the CDTFA and its implementation of a new centralized revenue opportunity system in late FY 2017/18 and early FY 2018/19. This had a direct impact on the fluctuation of cash payments received by the Commission from CDTFA. The CDTFA appears to have resolved most of the issues as reflected in this operating statement. Federal, state, and local reimbursements are generally on a reimbursement basis. The Commission will receive these revenues as eligible project costs are incurred and invoiced to the respective agencies. The negative revenue amounts for federal and state reimbursements reflect the reversal of FY 2018/19 accrued revenues at the beginning of FY 2019/20 in excess of 14 Agenda Item 6B amounts billed through the second quarter. Reimbursement invoices for the expenditures for the second quarter will be prepared and submitted in the third quarter. During the FY 2019/20 budget process, the Commission conservatively estimated Transportation Uniform Mitigation Fee (TUMF) revenues of $25 million passed through from the Western Riverside Council of Governments (WRCOG). The Commission received the July through October 2019 TUMF receipts through the second quarter. Staff expects the November through December 2019 TUMF receipts in the third quarter. Toll revenues budgeted at $36.1 million represents conservative projected toll transactions for the RCTC 91 Express Lanes operations based on estimated toll transactions and current traffic and revenue data. The operating statement shows toll revenues at 84 percent of the budget and toll violations and fee revenues at 73 percent of the budget. The RCTC 91 Express Lanes toll transactions have exceeded initial expectations. Staff submitted a mid-year budget adjustment in the third quarter of $25.3 million to increase the estimated toll revenues based on actuals received through December 2019 and the recent Investment Grade Traffic and Revenue Study, Investment Grade Study Refresh 2018. The operating statement shows other revenues at 57 percent of the $553,000 budget and reflects property management lease revenues. The operating statement shows investment income at 48 percent of the $12.8 million budget. During the development of the FY 2019/20 budget, staff estimated investment income rate at 2 percent, as investment income during the first quarter of calendar year 2019 ranged between 2 – 2.5 percent. Since the adoption of the budget in June 2019, the Federal Reserve has cut interest rates four times to a level of 1.00 – 1.25 percent as recently as March 3. Staff believes it should be prudent and lower its expectations of investment income results and reduce the budget. Staff submitted a mid-year budget adjustment in the third quarter of $3.3 million to decrease investment income from $12.8 million to $9.5 million. The expenditures/expenses and other financing sources/uses categories are in line overall with the expectations of the budget with the following exceptions: • Salaries and benefits at 65 percent of the budget reflect the one-time disbursement to fund the Commission’s California Public Employees Retirement System net pension liability of $8.6 million. Staff submitted a mid-year budget adjustment in the third quarter to increase the estimated $8.1 million budget approved by the Commission in June 2019 by $506,000 for the final actuarial determined net pension liability; • Professional services are under budget primarily due to unused budget authority for rail operations and development activities, highway general legal services, toll operations, and public outreach activities; • Support costs are under budget due to unused budget authority for administrative activities, rail operations and development activities, toll operations, and public outreach activities; 15 Agenda Item 6B • Program operations are under budget due to unused budget authority for the toll operations, motorist and commuter assistance program operations, highway and rail program management, and station security; • The status of significant Commission capital projects (engineering, construction, design- build, and right of way/land) with budget amounts exceeding $5 million is discussed in the attachment; • Operating and capital disbursements are made as claims are submitted to the Commission by transit operators; • Special studies unused budget authority is related to feasibilities studies; • Local streets and roads expenditures are related to Measure A sales tax revenues. These financial statements reflect the turnback payments through October 2019; • Regional arterial expenditures primarily represent expenditures for the highways and regional arterial program administered by Coachella Valley Association of Governments (CVAG). CVAG requests reimbursements from the Commission based on available funds and sufficient budget authority; • Debt service principal payments are made annually on June 1, while debt service interest payments are made semiannually on December 1 and June 1. On a quarterly basis in the RCTC 91 Express Lanes Enterprise Fund accounting records, the Commission records accrued interest including compounded interest on the 91 Project Transportation Infrastructure Finance and Innovation Act (TIFIA) loan and accreted interest on the 2013 Toll Revenue Bonds Series B (capital appreciation). However, $10.8 million of the $14.3 million interest cost related to toll revenue debt through the second quarter will not be paid in the current year and therefore is not included in the FY 2019/20 budget; • Capital outlay expenditures is slightly under budget due to unused budget authority for office and property improvements for station rehabilitation, toll operations transponders, and Commission office, network, hardware, and software improvements; • Depreciation is recorded as part of the accrual adjustments in the RCTC 91 Express Lanes Enterprise Fund accounting records, however such depreciation is not paid and therefore is not included in the FY 2019/20 budget; • Loss on sale of land is recorded as part of the RCTC 91 Express Lanes Enterprise Fund accounting records and reflects the loss on sale of excess lane purchased for the 91 Project. Loss on sale of land is not a cash-related item and, therefore, is not included in the FY 2019/20 budget; and • The Commission entered into a loan agreement with the U.S. Department of Transportation for a $152.5 million TIFIA loan to pay eligible I-15 Express Lanes project costs. Proceeds of the TIFIA loan may be drawn upon after certain conditions have been met. Through the second quarter, the Commission drew down $63.5 million for a cumulative inception to date total in TIFIA loan proceeds of $78.5 million. During construction of the I-15 Express Lanes project and for a period of up to five years following substantial completion, interest is compounded and added to the TIFIA loan. TIFIA debt service payments are expected to commence in June 2025, which is 16 Agenda Item 6B approximately five years after substantial completion of the I-15 Express Lanes project, through 2055. Attachments: 1) Quarterly Project Status – December 2019 2) Quarterly Financial Statements – December 2019 17 RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY PROJECT STATUS 2ND QUARTER FOR SIX MONTHS ENDED 12/31/2019 FY 2019/20 2ND QUARTER BUDGET EXPENDITURES THROUGH 2ND QUARTER Project Description Project Status 91 Project (P003028) $6,108,700 $2,552,767 The under run of the FY 2019/20 budget at the second quarter is due to accrual reversals for the Army Corps of Engineers Reach 9 project ($1.7 million) and Caltrans ($0.2 million); and under runs in the project and construction management (PCM) contract ($1.1 million) and general legal services ($0.2 million). The project connects with Orange County Transportation Authority’s tolled express lanes at the Orange County/Riverside County line and continues approximately eight miles to the Interstate (I)-15/State Route (SR)-91 interchange. The project involves widening pavement on the outside of the existing highway to reposition general purpose lanes and repurposing the existing high occupancy vehicle lanes to accommodate two-tolled express lanes in the median in each direction. The 91 Project also involves constructing one new general purpose lane in each direction from SR-71 to I-15, ultimately providing two-tolled express lanes and five general purpose lanes in each direction. 91 Project development activities began in September 2007, construction work related to roadway and structures began in July 2014, and the toll lanes opened in March 2017. The total cost of the 91 Project is estimated at $1.4 billion, including capitalized interest, debt service reserves, contingency, and cost of issuance. The FY 2019/20 budget amount is $26,195,400. I-15 Express Lanes project (P003027) 58,770,000 55,186,96 The under run of the FY 2019/20 budget at the second quarter is due to accrual reversals for COZEEP, flagging, and BNSF ($0.5 million); and under runs in Caltrans extended oversight ($1.7 million) and the PCM ($1.6 million). The project will generally add two tolled express lanes in each direction from SR-60 to Cajalco Road in Corona. Project development activities began in April 2008, and lanes are expected to open to traffic in 2020. The total project cost is estimated at $472 million, which includes $42 million of contingency. The FY 2019/20 budget amount is $102,809,400. ATTACHMENT 1 18 FY 2019/20 2ND QUARTER BUDGET EXPENDITURES THROUGH 2ND QUARTER Project Description Project Status 15/91 Express Lanes Connector (P003039) 12,548,700 5,080,088 The under run of the FY 2019/20 budget at the second quarter is due to under runs in the design and widening of the Hidden Valley Parkway ($6.3 million) and the PCM contract ($1.2 million). The design-build contract is scheduled to be awarded in March 2020. The 15/91 Express Lane Connector (ELC) project constructs an express lanes median direct connector from southbound I-15 to westbound SR-91 and from eastbound SR-91 to northbound I-15 in the city of Corona. The project also adds tolled express lanes in each direction of I-15 from the 15/91 ELC to Hidden Valley Parkway; adds a tolled express lane in each direction of SR-91 from east of Lincoln Avenue to the 15/91 ELC; extends the tolled express lane along eastbound SR-91 from I-15 to west of Promenade Avenue; and extends an eastbound auxiliary lane along SR-91 from west of I-15 to west of Promenade Avenue. The project also includes the addition of a toll collection system infrastructure along I-15 and SR-91. The estimated project cost is $220 million and the project is partially funded by state funds allocated under Senate Bill (SB) 132 legislation. The connector is expected to open to traffic in 2022. The FY 2019/20 budget amount is $46,848,200. I-15 Express Lanes Southern Extension (P003044) 3,761,200 1,030,218 The under run of the FY 2019/20 budget at the second quarter is due to the project approval/environmental documentation contract ($2.2 million) and a budgeted on-call Traffic and Revenue Study that has not occurred ($0.4 million). The project will add express lanes between SR-74 and Cajalco Road. The estimated project cost is $544 million with the Project Approval and Environmental Document (PA/ED) phase of work funded by federal Congestion Mitigation and Air Quality (CMAQ) funds and Measure A. The FY 2019/20 budget amount is $7,522,400. Mid County Parkway (MCP) (P002302, P612302, P002320, & P002317) 14,805,100 6,280,995 The under run of the FY 2019/20 budget at the second quarter is primarily due to the following for each project: • MCP: Lower than expected costs for preliminary engineering and permit fee that did not occur ($0.2 million). Lower than expected costs for right of way (ROW) acquisition and support ($0.3 million). • MCP Placentia: Construction and ROW acquisition support/utility relocation will start in the third quarter (3.5 million). Lower than expected costs for the final design contractor ($2.2 million). • MCP Mitigation: Actual construction and construction support costs lower than projected ($2.1 million). The environmental document for a new corridor from I-215 to SR-79 was approved in April 2015. The first design package is anticipated to be completed in FY 2018/2019. Construction of this new facility will be completed over many years as funding becomes available; the total project cost is estimated at $1.3 to $1.6 billion. The FY 2019/20 budget amount is $44,866,100. 19 FY 2019/20 2ND QUARTER BUDGET EXPENDITURES THROUGH 2ND QUARTER Project Description Project Status Pachappa Underpass project (P003038) 303,700 189,631 The under run of the FY 2019/20 budget at the second quarter is due to construction starting in the third quarter. The project will remove the Pachappa shoofly structure and associated retaining walls and construct a retaining wall, drainage, and track bed for the permanent Pachappa underpass. Track relocation will be performed by Union Pacific Railroad. The project construction cost is estimated at $16 million. The FY 2019/20 budget amount is $16,745,000. SR-60 Truck Lanes (P003029) 14,056,400 16,363,643 The over run of the FY 2019/20 budget at the second quarter is due to construction being ahead of schedule, resulting in more construction, construction management, construction support, and related labor charges than planned. The project will construct eastbound climbing and westbound descending truck lanes from Gilman Springs Road to west of Jack Rabbit trail and upgrade existing shoulders to standard widths. The estimated project cost is $138 million and the project is funded by CMAQ, State Transportation Improvement Program/Regional Improvement Program, State Highway Operation and Protection Program, and 2009 Measure A highway funds. The FY 2019/20 budget amount is $69,680,300. 71/91 Connector Project (P003021) 5,687,900 4,319,912 The under run of the FY 2019/20 budget at the second quarter is due to a combination of lower activity and delayed billing from the final design contractor ($0.7 million), lower actual utility relocation costs, and ROW acquisitions that did not occur ($0.6 million). The project includes ROW acquisition, utility relocation, and environmental revalidation work for improvements to the 71/91 connector. The estimated project cost is $118 million. The FY 2019/20 budget amount is $7,494,200. Riverside Layover Facility (P653822) 1,607,600 108,319 The under run of the FY 2019/20 budget at the second quarter is due to the long lead time to procure a transfer switch, postponing construction into the fourth quarter. The project includes increased capacity and maintenance service improvements to Metrolink’s West Layover Facility, north of the Riverside Downtown station. The improvements include expansion of the facility to accommodate three storage tracks with an overall storage capacity of three 6-train sets. The estimated project cost is $5.3 million. The project is funded by Federal Transit Administration Section 5307. The FY 2019/20 budget amount is $6,624,100. This list discusses the significant capital projects (i.e., total budgeted costs in excess of $5 million) and related status. Capital project expenditures are generally affected by lags in invoices submitted by contractors and consultants, as well as issues encountered during certain phases of the projects. The capital projects budgets tend to be based on aggressive project schedules. 20 Revenues Sales tax 336,050,600$ 104,678,507$ (231,372,093)$ 31% Federal reimbursements 89,718,700 2,387,264 (87,331,436)3% State reimbursements 160,896,100 11,142,522 (149,753,578)7% Local reimbursements 9,957,900 527,322 (9,430,578)5% Transportation Uniform Mitigation Fee 27,240,000 8,447,357 (18,792,643)31% Toll revenues 36,138,300 30,265,707 (5,872,593)84% Toll violations and fee revenues 5,731,100 4,184,268 (1,546,832)73% Other revenues 553,000 315,663 (237,337)57% Investment income 12,790,700 6,180,987 (6,609,713)48% Total revenues 679,076,400 168,129,597 (510,946,803)25% Expenditures/Expenses Salaries and benefits 19,396,500 12,622,849 6,773,651 65% Professional and support Professional services 27,305,700 4,543,118 22,762,582 17% Support costs 14,333,800 4,704,177 9,629,623 33% Total Professional and support costs 41,639,500 9,247,295 32,392,205 22% Projects and operations Program operations 32,887,100 9,647,622 23,239,478 29% Engineering 24,748,800 631,536 24,117,264 3% Construction 154,744,100 31,428,949 123,315,151 20% Design Build 138,341,500 59,179,545 79,161,955 43% Right of way/land 92,713,500 15,370,593 77,342,907 17% Operating and capital disbursements 203,065,400 80,749,716 122,315,684 40% Special studies 1,247,800 172,009 1,075,791 14% Local streets and roads 61,392,300 19,383,229 42,009,071 32% Regional arterials 30,967,000 6,108,592 24,858,408 20% Total projects and operations 740,107,500 222,671,791 517,435,709 30% Debt service Principal 27,245,000 - 27,245,000 N/A Interest 49,412,400 35,552,746 13,859,654 72% Total debt service 76,657,400 35,552,746 41,104,654 46% Capital outlay 6,537,300 2,818,114 3,719,186 43% Depreciation - 5,391,972 (5,391,972) N/A Loss on sale of land - 828,700 (828,700) N/A Total Expenditures/Expenses 884,338,200 289,133,467 595,204,733 33% Excess revenues over (under) expenditures/expenses (205,261,800) (121,003,870) 619,321,997 59% Other financing sources/(uses) Transfer in 166,746,000 67,085,398 (99,660,602) 40% Transfer out (166,746,000) (67,085,398) 99,660,602 40% TIFIA loan proceeds 75,703,000 63,518,108 (12,184,892) 84% Total financing sources/(uses)75,703,000 63,518,108 12,184,892 84% Net change in fund balances (129,558,800) (57,485,762) 631,506,889 44% Fund balance July 1, 2019 792,310,100 515,617,773 (276,692,327) 65% Fund balance December 31, 2019 662,751,300$ 458,132,011$ 354,814,562$ 69% RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY BUDGET TO ACTUAL FY 2019/20 BUDGET 2ND QUARTER ACTUAL PERCENT UTILIZATION REMAINING BALANCE FOR SIX MONTHS ENDED 12/31/2019 2ND QUARTER ATTACHMENT 2 21 STATE OF GOOD REPAIR OTHER AGENCY PROJECTS SB132 Revenues Sales tax -$ -$ 50,267,456$ 13,801,903$ 279,727$ 33,744,493$ 5,023,336$ 1,561,592$ -$ -$ -$ -$ Federal reimbursements 999,860 - (184,454) - - - - - - 168,774 - - State reimbursements 207,243 777,198 (1,808,780) - - - - - - - - 11,966,861 Local reimbursements 413 43,295 170,703 - - - 498 - (1,892) - 315,205 - Transportation Uniform Mitigation Fee - - - - - - - - 8,447,357 - - - Toll revenues - - - - - - - - - - - - Toll violations and fee revenues - - - - - - - - - - - - Other revenues 1,887 - 294,172 - - - - - 19,604 - - - Investment income 90,332 43,450 1,244,935 339,801 1 354,680 631,067 36,199 656,330 17,729 864 - Total revenues 1,299,735 863,943 49,984,032 14,141,704 279,728 34,099,173 5,654,901 1,597,791 9,121,399 186,503 316,069 11,966,861 Expenditures/Expenses Salaries and benefits 6,876,372 206,619 4,526,869 53,514 33 - - - 379,458 14,454 63,282 110,451 Professional and support Professional services 2,008,095 123,231 1,017,216 3,640 - - 7,261 - 45,671 364,942 753 673,725 Support costs 1,012,948 201,426 1,859,040 78 - - - - 903 - 124 106 Total Professional and support costs 3,021,043 324,657 2,876,256 3,718 - - 7,261 - 46,574 364,942 877 673,831 Projects and operations Program operations 10,981 1,501,054 4,372,155 - - - - - 117,401 1,441 87,120 13,497 Engineering - - 2,180,507 - - - - - 472,702 102,759 317,515 (2,441,947) Construction - - 19,621,648 - - - - - - - - 11,807,301 Design Build - - 55,151,980 - - - - - - - - 4,027,565 Right of way/land - - 7,864,050 - - - - - 7,060,303 - 516 445,724 Operating and capital disbursements 17,576,818 - 2,394,686 2,794,318 - 50,695,180 6,581,708 707,006 - - - - Special studies 171,033 - 976 - - - - - - - - - Local streets and roads - - 14,395,936 4,714,966 272,327 - - - - - - - Regional arterials - - - 6,108,592 - - - - - - - - Total projects and operations 17,758,832 1,501,054 105,981,938 13,617,876 272,327 50,695,180 6,581,708 707,006 7,650,406 104,200 405,151 13,852,140 Debt service Principal - - - - - - - - - - - - Interest - - - - - - - - - - - - Total debt service - - - - - - - - - - - - Capital outlay 134,326 - 2,402,494 - - - - - - - - - Depreciation - - - - - - - - - - - - Loss on sale of land - - - - - - - - - - - - Total Expenditures/Expenses 27,790,573 2,032,330 115,787,557 13,675,108 272,360 50,695,180 6,588,969 707,006 8,076,438 483,596 469,310 14,636,422 Excess revenues over (under) expenditures/expenses (26,490,838) (1,168,387) (65,803,525) 466,596 7,368 (16,596,007) (934,068) 890,785 1,044,961 (297,093) (153,241) (2,669,561) Other financing sources/(uses) Transfer in 19,653,610 - 11,925,257 - - - - - 18,002 450,000 19,442 160,511 Transfer out (913,342) (185,100) (34,367,618) (465,600) (15,100) (13,310,710) (603,100) (26,500) (642,400) (36,800) - - TIFIA loan proceeds - - 63,518,108 - - - - - - - - - Total financing sources/(uses)18,740,268 (185,100) 41,075,747 (465,600) (15,100) (13,310,710) (603,100) (26,500) (624,398) 413,200 19,442 160,511 Net change in fund balances (7,750,570) (1,353,487) (24,727,778) 996 (7,732) (29,906,717) (1,537,168) 864,285 420,563 116,107 (133,799) (2,509,050) Fund balance July 1, 2019 29,124,269 10,501,511 253,925,602 56,410,474 562 91,541,353 107,469,411 6,680,556 109,653,332 3,071,729 17,017 (1,272,356) Fund balance December 31, 2019 21,373,699$ 9,148,024$ 229,197,824$ 56,411,470$ (7,170)$ 61,634,636$ 105,932,243$ 7,544,841$ 110,073,895$ 3,187,836$ (116,782)$ (3,781,406)$ TRANSPORTATION UNIFORM MITIGATION FEE (TUMF) MEASURE A SALES TAX TRANSPORTATION DEVELOPMENT ACT RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY BUDGET TO ACTUAL BY FUND 2ND QUARTER FOR SIX MONTHS ENDED 12/31/2019 COACHELLA VALLEY RAILGENERAL FUND FSP/ SAFE WESTERN COUNTY PALO VERDE VALLEY COACHELLA VALLEY STATE TRANSIT ASSISTANCE LOCAL TRANSPORTATION FUND SPECIAL REVENUE FUNDS 22 Revenues Sales tax Federal reimbursements State reimbursements Local reimbursements Transportation Uniform Mitigation Fee Toll revenues Toll violations and fee revenues Other revenues Investment income Total revenues Expenditures/Expenses Salaries and benefits Professional and support Professional services Support costs Total Professional and support costs Projects and operations Program operations Engineering Construction Design Build Right of way/land Operating and capital disbursements Special studies Local streets and roads Regional arterials Total projects and operations Debt service Principal Interest Total debt service Capital outlay Depreciation Loss on sale of land Total Expenditures/Expenses Excess revenues over (under) expenditures/expenses Other financing sources/(uses) Transfer in Transfer out TIFIA loan proceeds Total financing sources/(uses) Net change in fund balances Fund balance July 1, 2019 Fund balance December 31, 2019 ENTERPRISE FUND TOLL OPERATIONS -$ -$ -$ -$ 104,678,507$ - - - 1,403,084 2,387,264 - - - - 11,142,522 (900) - - - 527,322 - - - - 8,447,357 30,265,707 - - - 30,265,707 4,184,268 - - - 4,184,268 - - - - 315,663 1,064,416 598,778 957,734 144,671 6,180,987 35,513,491 598,778 957,734 1,547,755 168,129,597 391,797 - - - 12,622,849 298,584 - - - 4,543,118 1,629,552 - 4,704,177 1,928,136 - - - 9,247,295 3,543,973 - - - 9,647,622 - - - - 631,536 - - - - 31,428,949 - - - - 59,179,545 - - - - 15,370,593 - - - - 80,749,716 - - - - 172,009 - - - - 19,383,229 - - - - 6,108,592 3,543,973 - - - 222,671,791 - - - - - 14,346,502 - 60,000 21,146,244 35,552,746 14,346,502 - 60,000 21,146,244 35,552,746 281,294 - - - 2,818,114 5,391,972 - - - 5,391,972 828,700 - - - 828,700 26,712,374 - 60,000 21,146,244 289,133,467 8,801,117 598,778 897,734 (19,598,489) (121,003,870) - - - 34,858,576 67,085,398 (605,300) (3,538,582) (10,972,162) (1,403,084) (67,085,398) - - - - 63,518,108 (605,300) (3,538,582) (10,972,162) 33,455,492 63,518,108 8,195,817 (2,939,804) (10,074,428) 13,857,003 (57,485,762) (274,596,300) 23,091,659 88,561,805 11,437,149 515,617,773 (266,400,483)$ 20,151,855$ 78,487,377$ 25,294,152$ 458,132,011$ RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY BUDGET TO ACTUAL BY FUND 2ND QUARTER FOR SIX MONTHS ENDED 12/31/2019 SALES TAX BONDS COMBINED TOTALDEBT SERVICECOMMERCIAL PAPER CAPITAL PROJECTS FUNDS 23 AGENDA ITEM 6C Agenda Item 6C RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: April 8, 2020 TO: Riverside County Transportation Commission FROM: Megan Kavand, Senior Financial Analyst Michele Cisneros, Deputy Finance Director THROUGH: Anne Mayer, Executive Director SUBJECT: Quarterly Investment Report STAFF RECOMMENDATION: This item is for the Commission to receive and file the Quarterly Investment Report for the quarter ended December 31, 2019. BACKGROUND INFORMATION: Prior to Fiscal Year 2013/14, the Commission’s quarterly investment reports reflected investments primarily concentrated in the Riverside County Pooled Investment Fund. Other investments included the state Local Agency Investment Fund and mutual funds. As a result of significant project financings such as the State Route 91 Corridor Improvement Project (91 Project or 91 CIP) and the Interstate 15 Express Lanes Project (I-15 ELP), the Commission determined it would be prudent to engage an investment manager for the bond proceeds and other required funds. Additionally, the Commission desired to engage an investment manager to provide investment advisory and management services related to the Commission’s operating funds. In May 2013, following a competitive procurement, the Commission awarded two investment management services agreements to Logan Circle Partners, L.P. (Logan) for the 91 Project’s proceeds generated from the issuance of sales tax revenue bonds and toll revenue bonds and to Payden & Rygel Investment Management (Payden & Rygel) for Commission operating funds. At its April 2017 meeting and based on a competitive procurement, the Commission awarded an investment management services agreement to Logan related to the issuance of the sales tax revenue bonds for the I-15 ELP. Commencing in July 2013, Logan invested the 91 Project debt proceeds and subsequent 91 Project equity contributions in separate accounts of the Short-Term Actively Managed Program (STAMP). Consistent with financing expectations, the Commission expended substantially all of the 91 Project debt proceeds and equity contributions, except for the toll revenue bonds debt service reserve, and subsequent to commencement of operations, established other required accounts. The Commission authorized Payden & Rygel to make specific investments for the Commission’s operating funds beginning with the third quarter of 24 Agenda Item 6C FY 2014/15. In July 2017, the I-15 ELP project and 91 Project completion financing (2017 Financing) was completed and sales tax bond proceeds were in accounts of a separate STAMP portfolio during the first quarter of FY 2017/18. The quarterly investment report for the second quarter of FY 2019/20, as required by state law and Commission policy, reflects the investment activities resulting from the 91 Project, 2017 Financing, and available operating cash. The quarterly investment report includes the following information: • Investment Portfolio Report; • 91 CIP STAMP Portfolio by Investment Category; • 91 CIP STAMP Portfolio by Account; • 91 CIP STAMP Portfolio Transaction Report by Account; • 91 CIP STAMP Portfolio Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 91 CIP STAMP Portfolio Toll Revenue Series A & Series B Reserve Fund Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 91 CIP STAMP Portfolio Residual Fund Required Retained Balance Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 91 CIP STAMP Portfolio TIFIA Reserve Fund Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 2017 Financing STAMP Portfolio by Investment Category; • 2017 Financing STAMP Portfolio by Account; • 2017 Financing STAMP Portfolio Transaction Report by Account; • 2017 Financing STAMP Portfolio Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 2017 Financing STAMP Portfolio I-15 ELP Sales Tax Senior Lien TIFIA Project Fund Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 2017 Financing STAMP Portfolio Ramp Up Fund Summary of investments by credit rating, industry group, asset class, security type, and market sector; • Logan Circle Partners, L.P. Short Duration Fourth Quarter 2019 Review; • Payden & Rygel Operating Portfolio by Investment Category; • Payden & Rygel Operating Portfolio Transaction Report; • Payden & Rygel Operating Portfolio Fourth Quarter 2019 Review; and • County of Riverside Investment Report for the Quarter Ended December 31, 2019. The Commission’s investments were in full compliance with the Commission’s investment policy adopted on March 13, 2019, and investments securities permitted under the indenture for the Commission’s sales tax revenue bonds and the master indentures for the Commission’s toll revenue bonds. Additionally, the Commission has adequate cash flows for the next six months. Attachments: 25 Agenda Item 6C 1) Investment Portfolio Report 2) 91 CIP STAMP Portfolio by Investment Category 3) 91 CIP STAMP Portfolio by Account 4) 91 CIP STAMP Portfolio Transaction Report by Account 5) 91 CIP STAMP Portfolio Summary of Investments 6) 91 CIP STAMP Portfolio Toll Revenue Series A & Series B Reserve Fund Summary of Investments 7) 91 CIP STAMP Portfolio Residual Fund Required Retained Balance Summary of Investments 8) 91 CIP STAMP Portfolio TIFIA Reserve Fund Summary of Investments 9) 2017 Financing STAMP Portfolio by Investment Category 10) 2017 Financing STAMP Portfolio by Account 11) 2017 Financing STAMP Portfolio Transaction Report by Account 12) 2017 Financing STAMP Portfolio Summary of Investments 13) 2017 Financing STAMP Portfolio I-15 ELP Sales Tax Senior Lien TIFIA Project Fund Summary of Investments 14) 2017 Financing STAMP Portfolio Ramp Up Fund Summary of Investments 15) Payden & Rygel Operating Portfolio by Investment Category 16) Payden & Rygel Operating Portfolio Transaction Report 17) Logan Circle Partners, L.P. Short Duration Quarterly Review 18) Payden & Rygel Operating Portfolio Quarterly Review 19) County of Riverside Investment Report 26 Riverside County Transportation Commission Investment Portfolio Report Period Ended: December 31, 2019 FAIR VALUE RATING MOODYS / S&P COUPON RATE PAR VALUE PURCHASE DATE MATURITY DATE YIELD TO MATURITY PURCHASE COST MARKET VALUE UNREALIZED GAIN (LOSS) OPERATING FUNDS City National Bank Deposits 34,218,612 A3/BBB+N/A N/A County Treasurer's Pooled Investment Fund 512,795,177 Aaa-bf/AAA-V1 N/A 1.93% Local Agency Investment Fund (LAIF)3,848,519 N/A N/A N/A Subtotal Operating Funds 550,862,308 FUNDS HELD IN TRUST County Treasurer's Pooled Investment Fund: Local Transportation Fund 61,467,758 Aaa-bf/AAA-V1 N/A 1.93% Subtotal Funds Held in Trust 61,467,758 COMMISSION MANAGED PORTFOLIO US Bank Payden & Rygel Operating 53,710,140 First American Government Obligation Fund 35,993,488 N/A N/A N/A Subtotal Commission Managed Portfolio 89,703,628 STAMP PORTFOLIO for 91 CIP Series A & Series B Reserve Fund 18,495,701 Residual Fund Required Retained Balance 23,842,138 TIFIA Reserve Fund 20,192,424 Subtotal STAMP Portfolio - 91 CIP 62,530,263 STAMP PORTFOLIO for 2017 Financing Sales Tax I15 ELP Project Revenue Fund 57,831,036 Ramp Up Fund 8,295,125 Subtotal STAMP Portfolio - 2017 Financing 66,126,161 TOTAL All Cash and Investments 830,690,117$ See attached report for details See attached report for details See attached report for details See attached report for details See attached report for details See attached report for details 2.23%2.87%2.43% 6.96% 10.80% 7.40% 66.31% $- $100,000,000 $200,000,000 $300,000,000 $400,000,000 $500,000,000 $600,000,000 STAMP Portfolio for 91 CIP Reserve STAMP Portfolio for 91 CIP Residual Fund STAMP Portfolio for 91 CIP TIFIA Reserve Fund STAMP Portfolio for 2017 Financing I15 ELP Project Revenue Fund STAMP Portfolio for 2017 Financing Ramp Up Fund Commission Managed Portfolio Trust Funds Operating Funds Nature of Investments 4.33% Mutual Funds 73.26% County Pool/Cash 0.46% LAIF 21.54% Fixed Income 0.41% Money Market Funds ATTACHMENT 1 27 Page 2 of 42 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 256350023 MIM-Sr Lien Reserve Fund-1 3137EADB2 Agency Freddie Mac 01/13/2022 ---950,000.00 942,921.50 ---964,649.00 14,887.33 2.375 1.601 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137EADR7 Agency Freddie Mac 05/01/2020 05/15/2015 150,000.00 148,903.50 ---149,862.00 (61.91)1.375 1.649 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3135G0D75 Agency Federal National Mortgage Association 06/22/2020 05/06/2015 600,000.00 593,490.00 ---599,580.00 204.80 1.500 1.648 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3130AFFX0 Agency Federal Home Loan Banks 11/16/2028 09/11/2019 185,000.00 205,766.25 ---202,317.85 (2,818.93)3.250 2.089 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137EADB2 Agency Freddie Mac 01/13/2022 06/06/2019 500,000.00 505,766.50 ---507,710.00 3,174.36 2.375 1.601 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137EADR7 Agency Freddie Mac 05/01/2020 06/07/2019 175,000.00 173,909.75 ---174,839.00 246.70 1.375 1.649 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3135G0D75 Agency Federal National Mortgage Association 06/22/2020 06/07/2019 650,000.00 646,269.00 ---649,545.00 1,260.30 1.500 1.648 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136G4TH6 Agency Federal National Mortgage Association 01/30/2020 06/13/2019 300,000.00 300,289.38 ---300,012.00 (24.49)1.700 1.684 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3130AFFX0 Agency Federal Home Loan Banks 11/16/2028 09/11/2019 200,000.00 222,450.00 ---218,722.00 (3,047.49)3.250 2.089 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38374C4J7 Agency CMO Government National Mortgage Association 07/20/2020 10/21/2019 20,577.99 20,745.19 ---20,741.18 28.29 5.500 1.564 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377REV3 Agency CMO Government National Mortgage Association 10/20/2039 07/01/2019 72,783.84 74,228.15 ---74,116.52 (5.86)3.500 2.373 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377RVK8 Agency CMO Government National Mortgage Association 04/20/2039 ---88,900.63 90,674.28 ---90,090.12 225.80 3.000 2.347 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137ABFH9 Agency CMO Freddie Mac 06/25/2021 07/22/2019 100,000.00 102,574.22 ---102,019.00 53.16 3.989 2.161 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137AJMF8 Agency CMO Freddie Mac 10/25/2021 ---51,730.48 53,123.12 ---52,357.45 53.92 2.968 2.086 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38375XCM4 Agency CMO Government National Mortgage Association 11/16/2037 05/14/2019 57,496.83 59,125.16 ---59,256.81 364.91 5.000 2.604 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38376GB33 Agency CMO Government National Mortgage Association 10/16/2044 01/23/2015 13,831.14 14,197.18 ---13,819.66 (17.66)3.474 2.296 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137ATRW4 Agency CMO Freddie Mac 05/25/2022 ---282,110.00 278,085.13 ---284,333.03 4,816.21 2.373 1.948 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137AUPE3 Agency CMO Freddie Mac 06/25/2022 ---150,000.00 151,611.80 ---151,257.00 617.98 2.396 1.968 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377RSZ9 Agency CMO Government National Mortgage Association 06/16/2039 ---17,207.20 17,747.32 ---17,303.05 1.87 4.500 1.707 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136A72D3 Agency CMO Federal National Mortgage Association 04/25/2022 07/03/2013 230,530.58 219,004.05 ---231,872.27 3,801.53 2.482 2.136 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136A5KR6 Agency CMO Federal National Mortgage Association 10/25/2022 01/25/2019 51,683.37 50,972.72 ---51,529.87 350.81 1.750 2.002 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137AXHP1 Agency CMO Freddie Mac 09/25/2022 09/29/2017 140,000.00 142,089.06 ---142,107.00 1,057.62 2.573 1.925 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378B7F0 Agency CMO Government National Mortgage Association 12/16/2042 ---450,000.00 427,324.22 ---443,524.50 5,933.49 2.273 2.591 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378CRT6 Agency CMO Government National Mortgage Association 10/20/2040 05/22/2014 41,241.79 39,824.10 ---41,148.58 974.13 2.000 2.052 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378HXH4 Agency CMO Government National Mortgage Association 09/16/2027 03/08/2019 14,639.70 14,198.05 ---14,384.67 147.31 1.250 2.039 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377JZ89 Agency CMO Government National Mortgage Association 10/20/2039 07/05/2013 38,131.24 39,297.52 ---39,229.42 376.74 3.500 1.940 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378TAF7 Agency CMO Government National Mortgage Association 07/20/2041 07/05/2013 102,191.57 102,206.98 ---103,187.94 1,056.68 2.500 2.041 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137B4HD1 Agency CMO Freddie Mac 12/15/2042 03/20/2019 35,802.91 36,977.69 ---37,376.81 438.00 4.500 2.136 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38376GY53 Agency CMO Government National Mortgage Association 01/16/2040 08/06/2019 61,308.01 61,501.99 ---61,658.08 248.47 3.526 2.332 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378FRB8 Agency CMO Government National Mortgage Association 07/20/2042 12/30/2019 193,287.15 190,448.25 ---189,900.76 (547.49)2.000 2.403 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137BDKF2 Agency CMO Freddie Mac 09/15/2040 11/13/2019 60,845.92 62,248.23 ---62,140.11 (85.42)3.500 2.184 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31398QTP2 Agency CMO Freddie Mac 05/15/2038 06/26/2018 27,590.96 28,130.93 ---27,731.95 31.82 4.500 2.163 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137A5FP4 Agency CMO Freddie Mac 01/15/2021 ---69,033.82 69,041.62 ---69,298.22 298.26 2.500 1.901 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38376T5Z1 Agency CMO Government National Mortgage Association 01/16/2039 01/26/2015 61,955.80 64,728.32 ---63,294.66 (392.04)3.000 2.023 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38376WA62 Agency CMO Government National Mortgage Association 10/20/2039 ---169,462.56 173,725.55 ---174,648.11 171.07 4.000 3.042 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378JZD7 Agency CMO Government National Mortgage Association 12/20/2040 10/16/2019 40,225.94 39,723.11 ---40,371.96 638.48 1.500 1.258 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377QKH9 Agency CMO Government National Mortgage Association 08/20/2040 08/20/2019 47,150.84 48,007.29 ---47,984.94 (17.09)3.000 2.276 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38380AZ34 Agency CMO Government National Mortgage Association 04/20/2046 11/28/2016 125,622.46 129,140.88 ---128,843.42 197.19 3.000 2.495 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378CDK0 Agency CMO Government National Mortgage Association 03/20/2035 03/16/2018 8,507.58 8,547.46 ---8,525.11 13.21 3.000 1.955 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378AWX5 Agency CMO Government National Mortgage Association 01/20/2036 03/28/2018 49,053.24 49,317.67 ---49,337.75 192.81 3.000 1.928 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378DDC6 Agency CMO Government National Mortgage Association 04/20/2038 06/20/2018 47,209.71 47,528.75 ---47,311.69 40.38 3.500 2.327 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38379HLE3 Agency CMO Government National Mortgage Association 05/20/2043 10/18/2018 81,399.11 81,284.65 ---83,256.64 1,977.43 3.500 1.983 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378VC45 Agency CMO Government National Mortgage Association 12/16/2041 11/23/2018 131,096.33 126,364.58 ---130,878.71 4,129.53 2.250 2.285 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377JM59 Agency CMO Government National Mortgage Association 10/20/2039 11/21/2018 67,698.16 66,005.70 ---67,636.55 1,413.11 2.500 2.492 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137B5A60 Agency CMO Freddie Mac 10/15/2028 03/20/2019 22,114.56 21,865.77 ---22,243.93 345.01 2.500 2.181 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136ADFF1 Agency CMO Federal National Mortgage Association 04/25/2023 06/10/2019 116,399.77 114,726.53 ---115,527.93 585.53 1.500 2.026 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38379JM99 Agency CMO Government National Mortgage Association 02/16/2041 08/28/2019 49,617.80 49,937.61 ---50,226.61 308.45 2.500 1.796 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137A1N90 Agency CMO Freddie Mac 06/25/2020 06/26/2018 63,132.20 63,709.27 ---63,254.68 122.91 3.531 2.336 AAA 256350021 MIM-RCTC 2013 Residual Fund 38377REV3 Agency CMO Government National Mortgage Association 10/20/2039 07/01/2019 155,965.38 159,060.31 ---158,821.11 (12.54)3.500 2.373 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137ABFH9 Agency CMO Freddie Mac 06/25/2021 03/15/2019 206,000.00 209,846.41 ---210,159.14 1,685.76 3.989 2.161 AAA 256350021 MIM-RCTC 2013 Residual Fund 31394GUX9 Agency CMO Freddie Mac 08/15/2023 07/02/2019 28,636.53 29,853.59 ---30,021.97 292.64 5.500 1.995 AAA 256350021 MIM-RCTC 2013 Residual Fund 38378BXQ7 Agency CMO Government National Mortgage Association 01/16/2036 06/17/2019 149,311.15 147,818.04 ---148,373.48 (46.06)1.537 2.945 AAA 256350021 MIM-RCTC 2013 Residual Fund 31397LUK3 Agency CMO Federal National Mortgage Association 06/25/2023 10/10/2018 115,743.79 118,076.75 ---118,302.88 1,308.77 4.500 1.926 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137ATRW4 Agency CMO Freddie Mac 05/25/2022 08/19/2019 100,000.00 101,109.38 ---100,788.00 (151.14)2.373 1.948 AAA 256350021 MIM-RCTC 2013 Residual Fund 3136A72D3 Agency CMO Federal National Mortgage Association 04/25/2022 07/26/2019 32,099.18 32,287.05 ---32,286.00 (8.49)2.482 2.136 AAA 256350021 MIM-RCTC 2013 Residual Fund 3136A5KR6 Agency CMO Federal National Mortgage Association 10/25/2022 01/25/2019 79,393.13 78,301.47 ---79,157.33 538.90 1.750 2.002 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137AYCE9 Agency CMO Freddie Mac 10/25/2022 08/13/2019 360,000.00 367,790.63 ---366,048.00 (745.93)2.682 1.984 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137A2PV7 Agency CMO Freddie Mac 09/15/2022 06/03/2019 28,210.18 27,716.49 ---27,986.75 203.22 1.500 1.978 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137GAUY1 Agency CMO Freddie Mac 10/15/2022 08/15/2019 145,807.67 144,304.02 ---145,481.06 1,069.66 1.500 1.620 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137A1LC5 Agency CMO Freddie Mac 08/15/2020 01/17/2018 1,529.70 1,524.68 ---1,527.78 0.15 2.000 2.307 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137A5FP4 Agency CMO Freddie Mac 01/15/2021 01/30/2018 24,678.24 24,739.93 ---24,772.75 78.85 2.500 1.901 AAA 256350021 MIM-RCTC 2013 Residual Fund 38378CDK0 Agency CMO Government National Mortgage Association 03/20/2035 01/30/2018 15,313.65 15,454.82 ---15,345.20 4.63 3.000 1.955 AAA 256350021 MIM-RCTC 2013 Residual Fund 38378AWX5 Agency CMO Government National Mortgage Association 01/20/2036 01/30/2018 16,351.08 16,509.48 ---16,445.92 33.78 3.000 1.928 AAA 256350021 MIM-RCTC 2013 Residual Fund 31358TPC7 Agency CMO Federal National Mortgage Association 02/25/2023 02/11/2019 89,413.94 89,688.65 ---89,668.77 272.52 2.642 2.412 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38374C4J7 Agency CMO Government National Mortgage Association 07/20/2020 06/14/2019 46,660.59 47,214.69 ---47,030.61 95.62 5.500 1.564 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38376PRM4 Agency CMO Government National Mortgage Association 05/20/2038 06/18/2019 22,310.00 22,421.55 ---22,401.92 39.13 4.000 1.884 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38377REV3 Agency CMO Government National Mortgage Association 10/20/2039 07/01/2019 77,982.69 79,530.16 ---79,410.55 (6.27)3.500 2.373 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137A6B27 Agency CMO Freddie Mac 10/25/2020 06/27/2019 246,170.80 251,594.24 ---248,940.22 (482.27)4.333 2.254 AAA 91 CIP STAMP Portfolio by Investment Category for quarter ended December 31, 2019 ATTACHMENT 2 28 Page 3 of 42 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 91 CIP STAMP Portfolio by Investment Category for quarter ended December 31, 2019 256350018 MIM-RCTC 91 TIFIA Reserve 3137A2B26 Agency CMO Freddie Mac 08/25/2020 06/13/2019 217,787.04 220,373.27 ---218,904.29 58.18 3.808 2.138 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137ABFH9 Agency CMO Freddie Mac 06/25/2021 ---149,000.00 152,765.01 ---152,008.31 289.47 3.989 2.161 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AH6C7 Agency CMO Freddie Mac 07/25/2021 06/07/2019 335,572.29 341,510.34 ---339,689.76 (213.35)3.230 2.215 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38376V2E6 Agency CMO Government National Mortgage Association 07/16/2039 08/06/2019 115,570.75 120,265.81 ---121,106.58 1,074.92 4.000 1.664 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AJMF8 Agency CMO Freddie Mac 10/25/2021 06/07/2019 329,193.95 334,389.04 ---333,183.78 208.88 2.968 2.086 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378BSZ3 Agency CMO Government National Mortgage Association 04/16/2040 06/25/2019 248,357.58 246,960.57 ---247,346.77 143.58 2.141 2.365 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378BXQ7 Agency CMO Government National Mortgage Association 01/16/2036 06/17/2019 201,570.05 199,554.35 ---200,304.19 (62.19)1.537 2.945 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137ATRW4 Agency CMO Freddie Mac 05/25/2022 06/28/2019 300,000.00 302,496.09 ---302,364.00 390.82 2.373 1.948 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AUPE3 Agency CMO Freddie Mac 06/25/2022 06/28/2019 200,000.00 201,773.44 ---201,676.00 257.15 2.396 1.968 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136A5KR6 Agency CMO Federal National Mortgage Association 10/25/2022 06/10/2019 155,672.80 154,505.26 ---155,210.45 487.42 1.750 2.002 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AXHP1 Agency CMO Freddie Mac 09/25/2022 06/28/2019 150,000.00 152,232.42 ---152,257.50 408.14 2.573 1.925 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1UG5 Agency CMO Freddie Mac 01/25/2023 06/25/2019 200,000.00 204,101.56 ---203,388.00 (71.41)2.637 1.983 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378TAF7 Agency CMO Government National Mortgage Association 07/20/2041 07/05/2019 110,707.54 110,915.12 ---111,786.94 892.34 2.500 2.041 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136AGFQ0 Agency CMO Federal National Mortgage Association 12/25/2038 06/18/2019 167,002.72 169,109.82 ---169,197.13 273.26 3.500 2.416 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B6DF5 Agency CMO Freddie Mac 11/15/2026 06/18/2019 174,937.85 173,120.13 ---175,593.87 2,355.82 2.000 1.788 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38376GY53 Agency CMO Government National Mortgage Association 01/16/2040 08/06/2019 67,935.91 68,150.86 ---68,323.82 275.32 3.526 2.332 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378FRB8 Agency CMO Government National Mortgage Association 07/20/2042 12/30/2019 204,025.32 201,028.71 ---200,450.80 (577.91)2.000 2.403 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BDKF2 Agency CMO Freddie Mac 09/15/2040 ---70,458.17 71,934.69 ---71,956.82 152.69 3.500 2.184 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38376WA62 Agency CMO Government National Mortgage Association 10/20/2039 12/17/2019 94,233.12 98,856.43 ---97,116.65 (1,773.27)4.000 3.042 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38377YTL4 Agency CMO Government National Mortgage Association 05/20/2040 06/17/2019 200,863.72 198,415.69 ---198,577.89 100.51 2.000 2.458 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378JZD7 Agency CMO Government National Mortgage Association 12/20/2040 10/16/2019 42,740.05 42,205.80 ---42,895.20 678.38 1.500 1.258 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38377QKH9 Agency CMO Government National Mortgage Association 08/20/2040 08/20/2019 50,873.27 51,797.34 ---51,773.22 (18.44)3.000 2.276 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378WUY7 Agency CMO Government National Mortgage Association 06/20/2041 06/12/2019 162,596.97 162,851.03 ---163,494.51 680.97 2.500 2.057 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378CNY9 Agency CMO Government National Mortgage Association 11/20/2038 06/25/2019 200,000.00 202,593.75 ---201,632.00 74.38 3.500 2.424 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31397ALN1 Agency CMO Freddie Mac 04/15/2032 06/18/2019 172,838.22 172,730.20 ---172,874.52 280.54 2.090 2.102 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136ADFF1 Agency CMO Federal National Mortgage Association 04/25/2023 06/10/2019 123,246.81 121,475.14 ---122,323.69 619.98 1.500 2.026 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AS7D0 Agency CMO Freddie Mac 04/15/2039 06/14/2019 172,350.15 171,057.52 ---172,450.11 1,276.71 2.000 1.905 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B3HX9 Agency CMO Freddie Mac 07/15/2038 06/20/2019 92,051.52 91,763.86 ---92,424.33 785.38 2.190 1.994 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136AGZA3 Agency CMO Federal National Mortgage Association 09/25/2030 06/25/2019 28,013.03 28,200.16 ---28,289.24 109.88 3.000 2.258 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38379JM99 Agency CMO Government National Mortgage Association 02/16/2041 08/28/2019 53,434.56 53,778.96 ---54,090.20 332.19 2.500 1.796 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38377RED3 Agency CMO Government National Mortgage Association 12/16/2025 12/11/2019 208,514.42 210,176.02 ---209,930.23 (258.26)2.500 2.105 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381PEB0 Agency MBS Federal National Mortgage Association 11/01/2020 09/26/2014 245,996.30 259,026.42 ---246,896.65 (387.52)3.370 2.587 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138NJAE8 Agency MBS Federal National Mortgage Association 12/01/2020 ---20,571.54 20,802.98 ---20,555.09 (197.24)3.630 3.673 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381SVJ8 Agency MBS Federal National Mortgage Association 11/01/2021 02/22/2019 105,560.77 106,088.59 ---107,506.26 1,663.05 3.330 2.186 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31417YKF3 Agency MBS Federal National Mortgage Association 01/01/2030 ---118,074.58 123,736.66 ---125,875.77 2,811.19 4.500 2.187 AAA 256350023 MIM-Sr Lien Reserve Fund-1 36202F2H8 Agency MBS Government National Mortgage Association 01/20/2027 ---133,423.45 137,521.21 ---137,025.89 396.27 3.000 1.834 AAA 256350023 MIM-Sr Lien Reserve Fund-1 36178NB99 Agency MBS Government National Mortgage Association 08/15/2027 10/11/2019 37,646.16 38,063.80 ---38,163.42 102.55 2.500 1.979 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381R5T7 Agency MBS Federal National Mortgage Association 09/01/2021 08/29/2018 130,000.00 132,747.27 ---133,212.30 1,813.52 3.770 2.161 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136AC7J4 Agency MBS Federal National Mortgage Association 03/25/2023 02/21/2018 42,630.19 41,929.13 ---43,190.35 1,002.88 2.521 2.180 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138L33G8 Agency MBS Federal National Mortgage Association 06/01/2020 11/12/2015 100,000.00 99,875.00 ---99,800.00 (57.78)2.010 2.157 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137B1U75 Agency MBS Freddie Mac 01/25/2023 08/29/2016 367,856.94 382,298.20 ---371,013.15 (2,709.79)2.522 2.077 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378KWU9 Agency MBS Government National Mortgage Association 11/16/2041 ---156,610.74 148,816.07 ---153,191.92 1,738.60 1.400 2.451 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378KXW4 Agency MBS Government National Mortgage Association 02/16/2037 12/11/2014 98,236.04 97,760.21 ---97,345.03 (711.68)1.705 2.434 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137B1BS0 Agency MBS Freddie Mac 11/25/2022 07/31/2019 360,000.00 363,360.94 ---364,986.00 2,112.93 2.510 1.944 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138L1W62 Agency MBS Federal National Mortgage Association 12/01/2022 02/21/2019 163,864.44 162,891.49 ---163,395.78 374.25 2.500 2.564 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138EKXL4 Agency MBS Federal National Mortgage Association 03/01/2023 ---242,235.26 238,792.00 ---243,964.82 3,483.54 2.353 2.106 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136AHAE0 Agency MBS Federal National Mortgage Association 04/25/2023 10/28/2016 60,502.17 61,806.75 ---61,178.59 (181.33)2.651 1.863 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378B6A2 Agency MBS Government National Mortgage Association 11/16/2052 01/22/2015 111,712.49 108,190.92 ---109,568.73 (337.45)1.826 2.458 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136A7MN9 Agency MBS Federal National Mortgage Association 05/25/2022 08/29/2016 269,041.21 276,734.11 ---270,741.55 (1,118.24)2.349 1.996 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378KSL4 Agency MBS Government National Mortgage Association 12/16/2046 ---425,000.00 415,829.11 ---423,351.00 4,348.33 2.820 2.874 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381Q6B7 Agency MBS Federal National Mortgage Association 06/01/2021 07/15/2016 180,224.65 199,880.40 ---185,413.32 (577.70)4.295 2.075 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378KRS0 Agency MBS Government National Mortgage Association 07/16/2043 05/08/2015 450,000.00 434,460.94 ---448,258.50 5,478.81 2.389 2.487 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378XP62 Agency MBS Government National Mortgage Association 05/16/2055 05/14/2015 246,100.19 249,137.99 ---246,373.36 (2,166.65)2.500 2.460 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38379KDN5 Agency MBS Government National Mortgage Association 09/16/2055 08/05/2015 118,578.46 115,549.15 ---117,723.51 142.80 2.158 2.668 AAA 256350023 MIM-Sr Lien Reserve Fund-1 36179M4J6 Agency MBS Government National Mortgage Association 03/20/2028 11/20/2019 46,389.99 46,948.11 ---47,109.50 158.49 2.500 1.919 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381T4E7 Agency MBS Federal National Mortgage Association 03/01/2022 10/25/2016 254,732.81 266,146.05 ---258,189.54 (924.20)2.670 1.922 AAA 256350023 MIM-Sr Lien Reserve Fund-1 36202FA30 Agency MBS Government National Mortgage Association 09/20/2024 10/23/2019 38,393.19 40,000.90 ---40,448.76 483.97 4.500 1.242 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138EJPZ5 Agency MBS Federal National Mortgage Association 07/01/2022 08/29/2016 197,110.40 209,360.50 ---201,391.63 (1,832.54)3.022 1.901 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 06/10/2019 102,578.00 106,312.48 ---106,895.51 910.01 4.000 1.688 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137FBAJ5 Agency MBS Freddie Mac 08/25/2027 06/26/2019 200,000.00 211,593.75 ---210,796.00 (126.26)3.281 2.485 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138LFGP7 Agency MBS Federal National Mortgage Association 10/01/2028 08/07/2019 275,000.00 284,356.45 ---278,437.50 (5,547.62)2.550 2.456 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137F4D41 Agency MBS Freddie Mac 01/25/2028 04/01/2019 35,000.00 36,714.84 ---37,962.40 1,382.36 3.600 2.418 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381QB54 Agency MBS Federal National Mortgage Association 03/01/2021 11/07/2018 128,716.20 131,381.03 ---130,963.58 1,030.75 4.410 2.400 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137FNAD2 Agency MBS Freddie Mac 11/25/2028 08/01/2019 133,372.21 136,034.06 ---135,998.31 128.53 2.631 2.236 AAA 256350021 MIM-RCTC 2013 Residual Fund 31416BVR6 Agency MBS Federal National Mortgage Association 12/01/2020 01/17/2018 0.01 0.01 ---0.01 0.00 5.000 0.131 AAA 256350021 MIM-RCTC 2013 Residual Fund 31381RLL6 Agency MBS Federal National Mortgage Association 07/01/2021 11/02/2018 52,194.61 52,969.39 ---53,249.47 617.82 3.840 2.141 AAA 256350021 MIM-RCTC 2013 Residual Fund 31381SVJ8 Agency MBS Federal National Mortgage Association 11/01/2021 02/22/2019 84,448.62 84,870.86 ---86,005.00 1,330.44 3.330 2.186 AAA 256350021 MIM-RCTC 2013 Residual Fund 36202F2H8 Agency MBS Government National Mortgage Association 01/20/2027 12/12/2019 91,158.88 93,409.37 ---93,620.17 191.65 3.000 1.834 AAA29 Page 4 of 42 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 91 CIP STAMP Portfolio by Investment Category for quarter ended December 31, 2019 256350021 MIM-RCTC 2013 Residual Fund 3128MMPP2 Agency MBS Freddie Mac 03/01/2027 05/10/2019 215,192.05 214,250.59 ---218,178.92 3,909.99 2.500 1.954 AAA 256350021 MIM-RCTC 2013 Residual Fund 36178NB99 Agency MBS Government National Mortgage Association 08/15/2027 10/11/2019 125,487.22 126,879.35 ---127,211.41 341.87 2.500 1.979 AAA 256350021 MIM-RCTC 2013 Residual Fund 3128MMPY3 Agency MBS Freddie Mac 06/01/2027 05/10/2019 198,540.96 197,672.35 ---201,306.64 3,603.19 2.500 1.963 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137B2GW4 Agency MBS Freddie Mac 03/25/2020 06/29/2018 40,880.06 40,614.97 ---40,828.14 32.90 2.313 2.016 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137APP61 Agency MBS Freddie Mac 01/25/2022 09/06/2019 14,949.41 15,193.51 ---15,112.51 (43.47)2.789 2.073 AAA 256350021 MIM-RCTC 2013 Residual Fund 38378KW47 Agency MBS Government National Mortgage Association 08/16/2035 06/13/2019 90,339.64 89,831.48 ---90,262.86 300.69 2.150 2.142 AAA 256350021 MIM-RCTC 2013 Residual Fund 3132G5AV1 Agency MBS Freddie Mac 07/01/2028 10/11/2019 73,063.85 74,433.80 ---74,913.09 505.84 3.000 2.022 AAA 256350021 MIM-RCTC 2013 Residual Fund 3138L1W62 Agency MBS Federal National Mortgage Association 12/01/2022 02/21/2019 125,308.10 124,564.08 ---124,949.72 286.19 2.500 2.564 AAA 256350021 MIM-RCTC 2013 Residual Fund 3138EKXL4 Agency MBS Federal National Mortgage Association 03/01/2023 08/21/2019 52,375.19 52,964.41 ---52,749.15 (175.38)2.353 2.106 AAA 256350021 MIM-RCTC 2013 Residual Fund 31381RZ23 Agency MBS Federal National Mortgage Association 08/01/2021 11/02/2018 60,168.48 61,061.60 ---61,395.92 699.63 3.840 2.256 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137AXHN6 Agency MBS Freddie Mac 02/25/2022 01/25/2018 21,969.17 21,667.10 ---21,932.92 143.00 1.749 1.795 AAA 256350021 MIM-RCTC 2013 Residual Fund 3136AMM48 Agency MBS Federal National Mortgage Association 07/25/2022 08/01/2019 347,057.62 349,009.81 ---349,077.49 337.45 2.509 2.152 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137AWQG3 Agency MBS Freddie Mac 04/25/2022 ---43,883.33 43,067.37 ---43,695.51 354.01 1.583 1.856 AAA 256350021 MIM-RCTC 2013 Residual Fund 31397UPF0 Agency MBS Federal National Mortgage Association 06/25/2021 03/15/2019 122,002.53 123,756.31 ---123,782.54 581.99 3.763 1.965 AAA 256350021 MIM-RCTC 2013 Residual Fund 36179M4J6 Agency MBS Government National Mortgage Association 03/20/2028 11/20/2019 154,633.30 156,493.73 ---157,031.66 528.29 2.500 1.919 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137B1UF7 Agency MBS Freddie Mac 09/25/2022 01/25/2018 13,053.35 12,861.63 ---13,041.34 107.47 1.785 1.767 AAA 256350021 MIM-RCTC 2013 Residual Fund 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 06/10/2019 67,188.59 69,634.67 ---70,016.55 596.06 4.000 1.688 AAA 256350021 MIM-RCTC 2013 Residual Fund 31418CQM9 Agency MBS Federal National Mortgage Association 10/01/2027 09/11/2019 56,035.85 57,463.03 ---57,555.55 115.46 3.000 1.941 AAA 256350021 MIM-RCTC 2013 Residual Fund 3140J6DU8 Agency MBS Federal National Mortgage Association 08/01/2031 07/26/2019 200,982.00 202,332.34 ---203,673.15 1,374.67 2.500 2.004 AAA 256350021 MIM-RCTC 2013 Residual Fund 3138L2GH4 Agency MBS Federal National Mortgage Association 07/01/2021 ---124,468.74 121,833.17 ---124,275.81 1,365.59 1.870 1.949 AAA 256350021 MIM-RCTC 2013 Residual Fund 31381QB54 Agency MBS Federal National Mortgage Association 03/01/2021 11/07/2018 98,682.43 100,725.46 ---100,405.42 790.24 4.410 2.400 AAA 256350021 MIM-RCTC 2013 Residual Fund 3138L8H23 Agency MBS Federal National Mortgage Association 12/01/2021 05/02/2019 67,913.14 67,700.98 ---67,814.67 101.32 2.730 2.725 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3620AFYR2 Agency MBS Government National Mortgage Association 12/15/2024 06/12/2019 95,906.95 99,027.68 ---99,912.02 1,075.45 4.000 1.611 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 36297GCD0 Agency MBS Government National Mortgage Association 02/15/2025 06/12/2019 97,844.12 101,960.47 ---100,871.42 (650.85)4.500 2.757 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3138NJAE8 Agency MBS Federal National Mortgage Association 12/01/2020 10/07/2019 20,571.55 20,793.34 ---20,555.09 (251.40)3.630 3.673 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31381SVJ8 Agency MBS Federal National Mortgage Association 11/01/2021 07/22/2019 84,448.62 85,886.89 ---86,005.01 416.52 3.330 2.186 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 36202F2H8 Agency MBS Government National Mortgage Association 01/20/2027 12/12/2019 207,179.28 212,294.03 ---212,773.12 435.56 3.000 1.834 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 36178NB99 Agency MBS Government National Mortgage Association 08/15/2027 10/11/2019 50,194.88 50,751.74 ---50,884.56 136.75 2.500 1.979 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3138EJRP5 Agency MBS Federal National Mortgage Association 06/01/2021 06/18/2019 150,083.71 154,611.20 ---153,837.30 638.89 4.356 1.998 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31381R5T7 Agency MBS Federal National Mortgage Association 09/01/2021 06/20/2019 101,000.00 103,840.63 ---103,495.71 369.93 3.770 2.161 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1U75 Agency MBS Freddie Mac 01/25/2023 06/27/2019 363,016.71 366,519.25 ---366,131.40 212.31 2.522 2.077 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378KWU9 Agency MBS Government National Mortgage Association 11/16/2041 ---96,102.05 91,887.02 ---94,004.14 1,599.86 1.400 2.451 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378KW47 Agency MBS Government National Mortgage Association 08/16/2035 06/13/2019 233,753.83 232,438.96 ---233,555.14 778.04 2.150 2.142 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1BS0 Agency MBS Freddie Mac 11/25/2022 ---645,000.00 652,086.14 ---653,933.25 2,943.58 2.510 1.944 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3138EKXL4 Agency MBS Federal National Mortgage Association 03/01/2023 08/21/2019 49,101.74 49,654.14 ---49,452.33 (164.42)2.353 2.106 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136AHAE0 Agency MBS Federal National Mortgage Association 04/25/2023 06/28/2019 72,365.34 73,033.27 ---73,174.39 (104.21)2.651 1.863 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136A7MN9 Agency MBS Federal National Mortgage Association 05/25/2022 08/22/2019 147,972.66 149,169.16 ---148,907.84 (151.61)2.349 1.996 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AWQG3 Agency MBS Freddie Mac 04/25/2022 06/07/2019 280,853.29 277,737.57 ---279,651.24 1,417.90 1.583 1.856 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31397UPF0 Agency MBS Federal National Mortgage Association 06/25/2021 06/10/2019 244,005.05 248,008.26 ---247,565.08 499.44 3.763 1.965 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31381Q6B7 Agency MBS Federal National Mortgage Association 06/01/2021 07/01/2019 180,224.65 185,779.23 ---185,413.32 1,131.31 4.295 2.075 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BJQ71 Agency MBS Freddie Mac 05/25/2025 10/30/2019 200,000.00 206,296.88 ---205,686.00 (431.74)2.770 2.184 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BLAC2 Agency MBS Freddie Mac 06/25/2025 ---150,000.00 159,648.05 ---158,194.50 (1,266.86)3.284 2.162 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 36179M4J6 Agency MBS Government National Mortgage Association 03/20/2028 11/20/2019 185,559.95 187,792.48 ---188,437.99 633.95 2.500 1.919 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 36202FA30 Agency MBS Government National Mortgage Association 09/20/2024 10/23/2019 41,731.72 43,479.24 ---43,966.04 526.06 4.500 1.242 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BM6P6 Agency MBS Freddie Mac 08/25/2022 06/28/2019 200,000.00 205,437.50 ---204,216.00 (264.74)3.090 2.127 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3138EJPZ5 Agency MBS Federal National Mortgage Association 07/01/2022 07/22/2019 221,749.20 225,794.39 ---226,565.59 208.62 3.022 1.901 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BSRZ8 Agency MBS Freddie Mac 09/25/2022 06/28/2019 178,589.06 182,112.01 ---181,809.03 (161.20)2.838 1.978 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3138L2QG5 Agency MBS Federal National Mortgage Association 01/01/2028 09/09/2019 262,375.30 278,415.05 ---273,374.07 (4,626.69)3.010 2.513 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 06/10/2019 205,156.00 212,624.96 ---213,791.02 1,820.02 4.000 1.688 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378NWU3 Agency MBS Government National Mortgage Association 06/16/2048 06/27/2019 155,214.82 157,397.53 ---158,922.90 1,118.78 2.552 2.476 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137FBAJ5 Agency MBS Freddie Mac 08/25/2027 06/26/2019 200,000.00 211,593.75 ---210,796.00 (126.26)3.281 2.485 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3138LFGP7 Agency MBS Federal National Mortgage Association 10/01/2028 08/07/2019 300,000.00 310,207.03 ---303,750.00 (6,051.94)2.550 2.456 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3620C4SU5 Agency MBS Government National Mortgage Association 09/15/2025 06/12/2019 93,024.85 96,466.04 ---96,940.27 696.13 4.000 1.875 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137F4D41 Agency MBS Freddie Mac 01/25/2028 06/27/2019 150,000.00 163,248.05 ---162,696.00 166.61 3.600 2.418 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137F4CY6 Agency MBS Freddie Mac 09/25/2024 06/28/2019 190,000.00 195,907.81 ---196,646.20 1,316.42 2.920 2.086 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137FGZN8 Agency MBS Freddie Mac 02/25/2023 06/18/2019 188,843.90 188,755.38 ---188,806.13 174.99 1.985 2.044 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BP4K2 Agency MBS Freddie Mac 03/25/2026 09/09/2019 200,000.00 210,125.00 ---206,340.00 (3,328.08)2.849 2.280 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3620A9T35 Agency MBS Government National Mortgage Association 11/15/2024 06/13/2019 162,264.56 167,550.83 ---169,032.61 1,738.05 4.000 1.580 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137FL6P4 Agency MBS Freddie Mac 01/25/2029 09/09/2019 275,000.00 307,108.40 ---297,973.50 (8,171.57)3.563 2.510 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31419AM53 Agency MBS Federal National Mortgage Association 08/01/2024 06/28/2019 104,694.96 108,555.58 ---108,165.60 220.77 5.500 2.127 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137FNAD2 Agency MBS Freddie Mac 11/25/2028 08/01/2019 148,191.35 151,148.95 ---151,109.24 142.81 2.631 2.236 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3138LFP51 Agency MBS Federal National Mortgage Association 10/01/2028 09/09/2019 199,448.25 207,028.84 ---201,963.29 (4,841.88)2.570 2.472 AAA 256350021 MIM-RCTC 2013 Residual Fund 17305EFM2 Asset Backed Citibank Credit Card Issuance Trust - 2014-A1 01/21/2021 12/11/2019 200,000.00 202,210.16 ---202,046.00 (63.29)2.880 1.891 AAA 256350021 MIM-RCTC 2013 Residual Fund 87165LBB6 Asset Backed Synchrony Credit Card Master Note Trust 2016-2 05/17/2021 08/02/2019 160,000.00 160,387.50 ---160,654.40 353.58 2.210 1.913 AAA 256350021 MIM-RCTC 2013 Residual Fund 02587AAJ3 Asset Backed American Express Credit Account Master Trust 02/18/2020 ---221,000.00 218,887.00 ---220,988.95 212.08 1.930 1.935 AAA 256350021 MIM-RCTC 2013 Residual Fund 43814TAD4 Asset Backed Honda Auto Receivables 2007-1 Owner Trust 06/21/2023 10/11/2018 200,000.00 196,375.00 ---200,092.00 1,946.18 2.050 2.016 AAA 256350021 MIM-RCTC 2013 Residual Fund 05584PAD9 Asset Backed BMW Vehicle Lease Trust 2017-2 02/20/2020 10/11/2018 47,047.34 46,624.65 ---47,047.34 42.15 2.070 2.020 AAA 256350021 MIM-RCTC 2013 Residual Fund 02582JHJ2 Asset Backed American Express Credit Account Master Trust, Series 2017-6 10/15/2020 12/05/2019 200,000.00 200,375.00 ---200,306.00 (36.49)2.040 1.845 AAA30 Page 5 of 42 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 91 CIP STAMP Portfolio by Investment Category for quarter ended December 31, 2019 256350021 MIM-RCTC 2013 Residual Fund 65478HAD0 Asset Backed NAROT_17-C 04/18/2022 09/25/2018 59,597.77 58,668.88 ---59,658.56 411.55 2.120 1.959 AAA 256350021 MIM-RCTC 2013 Residual Fund 17305EGK5 Asset Backed Citibank Credit Card Issuance Trust 01/20/2021 07/19/2019 100,000.00 100,625.00 ---100,689.00 246.39 2.490 1.821 AAA 256350021 MIM-RCTC 2013 Residual Fund 65478DAD9 Asset Backed Nissan Auto Receivables 2018-A Owner Trust 05/16/2022 06/29/2018 83,494.42 83,063.90 ---83,852.61 503.52 2.650 2.029 AAA 256350021 MIM-RCTC 2013 Residual Fund 12596EAC8 Asset Backed CNH Equipment Trust 2018-B 11/15/2023 12/05/2019 190,000.00 193,102.34 ---192,931.70 (27.54)3.190 2.106 AAA 256350021 MIM-RCTC 2013 Residual Fund 38013FAD3 Asset Backed GM Financial Consumer Automobile Receivables Trust 2018-4 10/16/2023 07/24/2019 75,000.00 76,374.02 ---76,278.75 274.92 3.210 1.719 AAA 256350021 MIM-RCTC 2013 Residual Fund 47789JAB2 Asset Backed John Deere Owner Trust 2019 10/15/2021 03/05/2019 88,941.42 88,937.36 ---89,230.48 290.91 2.850 2.232 AAA 256350021 MIM-RCTC 2013 Residual Fund 26208RAD7 Asset Backed Drive Auto Receivables Trust 2019-2 03/15/2023 12/05/2019 150,000.00 150,738.28 ---150,894.00 285.25 3.040 0.998 AAA 256350021 MIM-RCTC 2013 Residual Fund 31680YAB3 Asset Backed Fifth Third Auto Trust 2019-1 05/16/2022 04/30/2019 131,026.18 131,018.96 ---131,438.92 416.30 2.660 2.014 AAA 256350021 MIM-RCTC 2013 Residual Fund 65478LAB5 Asset Backed Nissan Auto Lease Trust 2019-B 10/15/2021 07/16/2019 80,000.00 79,993.00 ---80,146.40 150.38 2.270 1.916 AAA 256350021 MIM-RCTC 2013 Residual Fund 477870AB5 Asset Backed John Deere Owner Trust 2019-B 05/16/2022 07/16/2019 90,000.00 89,999.66 ---90,194.40 195.41 2.280 1.991 AAA 256350021 MIM-RCTC 2013 Residual Fund 14315PAB1 Asset Backed Carmax Auto Owner Trust 2019-3 12/15/2022 07/24/2019 120,000.00 119,994.61 ---120,268.80 272.47 2.210 1.948 AAA 256350021 MIM-RCTC 2013 Residual Fund 26209AAE1 Asset Backed Drive Auto Receivables Trust 2019-4 01/16/2024 09/09/2019 80,000.00 79,989.10 ---80,030.40 39.94 2.230 2.217 AA 256350023 MIM-Sr Lien Reserve Fund-1 62888VAA6 CMO NCUA Guaranteed Notes Trust 2010-R1 10/07/2020 01/22/2019 79,466.76 79,494.70 ---79,613.77 134.51 2.221 2.441 AAA 256350021 MIM-RCTC 2013 Residual Fund 62888VAA6 CMO NCUA Guaranteed Notes Trust 2010-R1 10/07/2020 05/10/2019 0.01 0.01 ---0.01 0.00 2.221 2.441 AAA 256350021 MIM-RCTC 2013 Residual Fund 62888UAB6 CMO NCUA Guaranteed Notes Trust 2010-R2 11/05/2020 03/15/2019 148,323.53 148,543.70 ---148,345.78 (91.71)2.460 2.001 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 62888VAA6 CMO NCUA Guaranteed Notes Trust 2010-R1 10/07/2020 06/24/2019 19,594.54 19,585.36 ---19,630.79 41.74 2.221 2.441 AAA 256350021 MIM-RCTC 2013 Residual Fund 38141EA58 Corporate The Goldman Sachs Group, Inc.03/15/2020 ---200,000.00 208,651.00 ---201,356.00 372.76 5.375 2.031 A 256350021 MIM-RCTC 2013 Residual Fund 06051GEC9 Corporate Bank of America Corporation 07/01/2020 ---200,000.00 207,806.00 ---203,670.00 1,346.32 5.625 1.920 A 256350021 MIM-RCTC 2013 Residual Fund 61747WAF6 Corporate Morgan Stanley 01/25/2021 ---200,000.00 213,237.00 ---207,714.00 1,688.72 5.750 2.074 A 256350021 MIM-RCTC 2013 Residual Fund 084659AB7 Corporate Berkshire Hathaway Energy Company 02/01/2020 04/22/2019 250,000.00 249,475.00 01/31/2020 250,080.00 137.14 2.400 1.937 A 256350021 MIM-RCTC 2013 Residual Fund 06051GFN4 Corporate Bank of America Corporation 04/21/2020 01/25/2018 100,000.00 99,537.00 ---100,094.00 158.13 2.250 1.932 A 256350021 MIM-RCTC 2013 Residual Fund 05531FAU7 Corporate Truist Financial Corporation 06/29/2020 04/15/2019 250,000.00 249,642.50 05/29/2020 250,672.50 818.19 2.625 1.965 A 256350021 MIM-RCTC 2013 Residual Fund 94974BGM6 Corporate Wells Fargo & Company 07/22/2020 04/15/2019 200,000.00 199,590.00 ---200,764.00 944.37 2.600 1.908 A 256350021 MIM-RCTC 2013 Residual Fund 375558BB8 Corporate Gilead Sciences, Inc.09/01/2020 ---135,000.00 133,439.10 ---135,575.10 1,116.26 2.550 1.902 A 256350021 MIM-RCTC 2013 Residual Fund 780082AC7 Corporate Royal Bank of Canada 10/14/2020 ---200,000.00 196,622.00 ---200,232.00 1,460.73 2.100 1.949 AAA 256350021 MIM-RCTC 2013 Residual Fund 06416CAC2 Corporate The Bank of Nova Scotia 04/26/2021 ---200,000.00 194,126.00 ---200,094.00 2,920.72 1.875 1.838 AAA 256350021 MIM-RCTC 2013 Residual Fund 06406FAB9 Corporate The Bank of New York Mellon Corporation 05/03/2021 10/11/2018 200,000.00 193,708.00 04/03/2021 200,636.00 4,000.52 2.050 1.792 A 256350021 MIM-RCTC 2013 Residual Fund 172967LC3 Corporate Citigroup Inc.12/08/2021 ---450,000.00 449,617.50 11/08/2021 457,393.50 7,670.69 2.900 1.992 A 256350021 MIM-RCTC 2013 Residual Fund 69353RFC7 Corporate PNC Bank, National Association 05/19/2020 10/10/2018 250,000.00 245,222.50 04/19/2020 250,037.50 1,195.15 2.000 1.945 A 256350021 MIM-RCTC 2013 Residual Fund 55279HAN0 Corporate Manufacturers & Traders Trust Company 08/17/2020 10/11/2018 250,000.00 244,707.50 07/17/2020 250,090.00 1,928.17 2.050 1.983 A 256350021 MIM-RCTC 2013 Residual Fund 31677QBK4 Corporate Fifth Third Bank 10/30/2020 06/21/2019 200,000.00 199,810.00 09/30/2020 200,342.00 457.72 2.200 1.969 A 256350021 MIM-RCTC 2013 Residual Fund 17401QAN1 Corporate Citizens Bank, National Association 10/30/2020 04/15/2019 250,000.00 247,950.00 ---250,802.50 1,916.43 2.250 1.817 A 256350021 MIM-RCTC 2013 Residual Fund 69353RFH6 Corporate PNC Bank, National Association 01/22/2021 04/22/2019 250,000.00 249,005.00 12/22/2020 251,490.00 2,095.11 2.500 1.880 A 256350021 MIM-RCTC 2013 Residual Fund 90331HNP4 Corporate U.S. Bank National Association 04/26/2021 10/11/2018 250,000.00 249,395.00 03/26/2021 253,990.00 4,309.82 3.150 1.838 AA 256350021 MIM-RCTC 2013 Residual Fund 69371RP34 Corporate PACCAR Financial Corp.05/10/2021 04/30/2019 200,000.00 200,250.00 ---200,248.00 80.54 2.161 2.120 A 256350021 MIM-RCTC 2013 Residual Fund 14913Q2X6 Corporate Caterpillar Financial Services Corporation 05/17/2021 05/14/2019 120,000.00 120,000.00 ---120,354.00 354.00 2.294 2.128 A 256350021 MIM-RCTC 2013 Residual Fund 86787EBD8 Corporate SunTrust Bank 05/17/2022 05/14/2019 50,000.00 50,000.00 04/17/2022 50,239.00 239.00 2.494 2.328 A 256350021 MIM-RCTC 2013 Residual Fund 025816CE7 Corporate American Express Company 05/20/2022 05/15/2019 100,000.00 100,000.00 04/19/2022 100,642.00 642.00 2.519 2.285 A 256350021 MIM-RCTC 2013 Residual Fund 05531FBJ1 Corporate Truist Financial Corporation 03/16/2023 09/09/2019 165,000.00 164,877.90 02/13/2023 166,095.60 1,207.78 2.200 1.979 A 256350021 MIM-RCTC 2013 Residual Fund 17308CC46 Corporate Citigroup Inc.11/04/2022 10/28/2019 195,000.00 195,000.00 11/04/2021 195,606.45 606.45 2.312 2.239 A 256350023 MIM-Sr Lien Reserve Fund-1 CCYUSD Currency UNITED STATES OF AMERICA 12/31/2019 ---0.00 231.68 ---231.68 0.00 0.000 0.000 AAA 256350023 MIM-Sr Lien Reserve Fund-1 CCYUSD Currency UNITED STATES OF AMERICA 12/31/2019 ---0.00 (190,469.73)---(190,469.73)0.00 0.000 0.000 AAA 256350021 MIM-RCTC 2013 Residual Fund CCYUSD Currency UNITED STATES OF AMERICA 12/31/2019 ---0.00 (0.00)---(0.00)0.00 0.000 0.000 AAA 256350018 MIM-RCTC 91 TIFIA Reserve CCYUSD Currency UNITED STATES OF AMERICA 12/31/2019 ---0.00 (201,051.38)---(201,051.38)0.00 0.000 0.000 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31846V401 MM Fund First American Funds, Inc. - Government Obligations Fund 12/31/2019 ---0.00 227,061.65 ---227,061.65 0.00 1.070 1.060 AAA 256350021 MIM-RCTC 2013 Residual Fund 31846V401 MM Fund First American Funds, Inc. - Government Obligations Fund 12/31/2019 ---0.00 30,366.91 ---30,366.91 0.00 1.070 1.060 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31846V401 MM Fund First American Funds, Inc. - Government Obligations Fund 12/31/2019 ---0.00 270,895.91 ---270,895.91 0.00 1.070 1.060 AAA 256350021 MIM-RCTC 2013 Residual Fund 072024WW8 Muni Bay Area Toll Authority 04/01/2022 09/20/2019 95,000.00 95,000.00 ---95,208.05 208.05 2.128 2.027 AA 256350021 MIM-RCTC 2013 Residual Fund 783186TZ2 Muni Rutgers, The State University of New Jersey 05/01/2022 10/18/2019 105,000.00 105,000.00 ---104,992.65 (7.35)2.057 2.060 AA 256350021 MIM-RCTC 2013 Residual Fund 4581X0CZ9 Non-US Gov Inter-American Development Bank 09/14/2022 09/30/2019 650,000.00 652,067.00 ---651,521.00 (375.58)1.750 1.661 AAA 256350021 MIM-RCTC 2013 Residual Fund 459058GK3 Non-US Gov International Bank for Reconstruction and Development 08/21/2020 ---315,000.00 315,116.40 ---315,056.70 13.63 1.760 1.755 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828V49 TIPS United States Department of The Treasury 01/15/2027 ---298,278.40 296,935.55 ---302,803.28 5,508.36 0.375 0.158 AAA 256350023 MIM-Sr Lien Reserve Fund-1 9128285W6 TIPS United States Department of The Treasury 01/15/2029 ---254,777.50 270,036.99 ---270,548.23 1,146.64 0.875 0.184 AAA 256350023 MIM-Sr Lien Reserve Fund-1 9128286N5 TIPS United States Department of The Treasury 04/15/2024 ---270,376.85 274,741.63 ---274,748.84 363.11 0.500 0.122 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828UH1 TIPS United States Department of The Treasury 01/15/2023 ---100,334.70 98,464.38 ---100,324.67 1,223.08 0.125 0.128 AAA 256350021 MIM-RCTC 2013 Residual Fund 9128286N5 TIPS United States Department of The Treasury 04/15/2024 ---418,318.90 425,694.61 ---425,083.12 (25.73)0.500 0.122 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828V49 TIPS United States Department of The Treasury 01/15/2027 06/25/2019 308,931.20 311,326.35 ---313,617.69 2,452.10 0.375 0.158 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 9128285W6 TIPS United States Department of The Treasury 01/15/2029 ---264,968.60 279,831.60 ---281,370.16 2,236.71 0.875 0.184 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 9128286N5 TIPS United States Department of The Treasury 04/15/2024 08/01/2019 295,884.10 300,105.63 ---300,668.55 927.51 0.500 0.122 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828B58 US Gov United States Department of The Treasury 01/31/2021 ---1,375,000.00 1,405,890.24 ---1,382,191.25 487.98 2.125 1.636 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828G38 US Gov United States Department of The Treasury 11/15/2024 04/18/2017 1,350,000.00 1,369,037.11 ---1,385,383.50 22,797.69 2.250 1.687 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828J43 US Gov United States Department of The Treasury 02/28/2022 11/26/2019 150,000.00 150,544.92 ---150,562.50 39.99 1.750 1.573 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828XB1 US Gov United States Department of The Treasury 05/15/2025 ---1,125,000.00 1,143,342.78 ---1,148,208.75 13,005.72 2.125 1.721 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828L57 US Gov United States Department of The Treasury 09/30/2022 ---1,400,000.00 1,386,564.45 ---1,405,628.00 12,712.48 1.750 1.600 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828L99 US Gov United States Department of The Treasury 10/31/2020 ---210,000.00 208,983.98 ---209,517.00 (224.63)1.375 1.654 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828Y53 US Gov United States Department of The Treasury 07/31/2020 09/30/2019 200,000.00 199,805.08 ---199,948.00 83.93 1.569 1.633 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828YK0 US Gov United States Department of The Treasury 10/15/2022 ---670,000.00 664,428.32 ---665,919.70 1,394.38 1.375 1.599 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828VV9 US Gov United States Department of The Treasury 08/31/2020 ---2,010,000.00 2,000,617.58 ---2,016,130.50 7,252.61 2.125 1.660 AAA31 Page 6 of 42 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 91 CIP STAMP Portfolio by Investment Category for quarter ended December 31, 2019 256350021 MIM-RCTC 2013 Residual Fund 912828B58 US Gov United States Department of The Treasury 01/31/2021 ---1,730,000.00 1,727,976.96 ---1,739,047.90 6,967.44 2.125 1.636 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828J43 US Gov United States Department of The Treasury 02/28/2022 12/30/2019 125,000.00 125,463.87 ---125,468.75 5.44 1.750 1.573 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828L57 US Gov United States Department of The Treasury 09/30/2022 ---2,150,000.00 2,158,926.57 ---2,158,643.00 (387.20)1.750 1.600 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828T67 US Gov United States Department of The Treasury 10/31/2021 12/09/2019 480,000.00 476,306.25 ---477,110.40 687.24 1.250 1.584 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828Y53 US Gov United States Department of The Treasury 07/31/2020 ---2,025,000.00 2,024,421.48 ---2,024,473.50 (108.32)1.569 1.633 AAA 256350021 MIM-RCTC 2013 Residual Fund 9128285H9 US Gov United States Department of The Treasury 10/31/2020 ---700,000.00 699,678.39 ---699,664.00 (179.73)1.571 1.653 AAA 256350021 MIM-RCTC 2013 Residual Fund 9128286U9 US Gov United States Department of The Treasury 05/15/2022 12/16/2019 120,000.00 121,303.13 ---121,480.80 199.50 2.125 1.593 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828YK0 US Gov United States Department of The Treasury 10/15/2022 ---1,030,000.00 1,021,835.16 ---1,023,727.30 1,470.78 1.375 1.599 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828B58 US Gov United States Department of The Treasury 01/31/2021 06/26/2019 1,500,000.00 1,506,269.53 ---1,507,845.00 3,564.40 2.125 1.636 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828XB1 US Gov United States Department of The Treasury 05/15/2025 09/11/2019 450,000.00 462,076.17 ---459,283.50 (2,183.98)2.125 1.721 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828L57 US Gov United States Department of The Treasury 09/30/2022 09/10/2019 1,000,000.00 1,006,210.94 ---1,004,020.00 (1,587.85)1.750 1.600 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828L99 US Gov United States Department of The Treasury 10/31/2020 06/25/2019 1,300,000.00 1,292,179.69 ---1,297,010.00 1,857.50 1.375 1.654 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828Y53 US Gov United States Department of The Treasury 07/31/2020 09/30/2019 125,000.00 124,878.17 ---124,967.50 52.46 1.569 1.633 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828YK0 US Gov United States Department of The Treasury 10/15/2022 12/05/2019 225,000.00 223,549.80 ---223,629.75 44.40 1.375 1.599 AAA 256350021 MIM-RCTC 2013 Residual Fund 658886DZ6 VRDN North Dakota Housing Finance Agency 07/01/2038 06/29/2018 100,000.00 100,000.00 ---100,000.00 0.00 1.680 1.680 AA 256350021 MIM-RCTC 2013 Residual Fund 56052FHZ1 VRDN Maine State Housing Authority 11/15/2052 06/29/2018 100,000.00 100,000.00 01/31/2020 100,000.00 0.00 1.650 1.650 AA 61,786,662.74 62,385,571.30 62,530,263.15 202,567.03 32 Page 7 of 42 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 256350018 MIM-RCTC 91 TIFIA Reserve 3137EADB2 Agency Freddie Mac 01/13/2022 06/06/2019 500,000.00 505,766.50 ---507,710.00 3,174.36 2.375 1.601 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137EADR7 Agency Freddie Mac 05/01/2020 06/07/2019 175,000.00 173,909.75 ---174,839.00 246.70 1.375 1.649 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3135G0D75 Agency Federal National Mortgage Association 06/22/2020 06/07/2019 650,000.00 646,269.00 ---649,545.00 1,260.30 1.500 1.648 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136G4TH6 Agency Federal National Mortgage Association 01/30/2020 06/13/2019 300,000.00 300,289.38 ---300,012.00 (24.49)1.700 1.684 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3130AFFX0 Agency Federal Home Loan Banks 11/16/2028 09/11/2019 200,000.00 222,450.00 ---218,722.00 (3,047.49)3.250 2.089 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38374C4J7 Agency CMO Government National Mortgage Association 07/20/2020 06/14/2019 46,660.59 47,214.69 ---47,030.61 95.62 5.500 1.564 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38376PRM4 Agency CMO Government National Mortgage Association 05/20/2038 06/18/2019 22,310.00 22,421.55 ---22,401.92 39.13 4.000 1.884 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38377REV3 Agency CMO Government National Mortgage Association 10/20/2039 07/01/2019 77,982.69 79,530.16 ---79,410.55 (6.27)3.500 2.373 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137A6B27 Agency CMO Freddie Mac 10/25/2020 06/27/2019 246,170.80 251,594.24 ---248,940.22 (482.27)4.333 2.254 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137A2B26 Agency CMO Freddie Mac 08/25/2020 06/13/2019 217,787.04 220,373.27 ---218,904.29 58.18 3.808 2.138 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137ABFH9 Agency CMO Freddie Mac 06/25/2021 ---149,000.00 152,765.01 ---152,008.31 289.47 3.989 2.161 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AH6C7 Agency CMO Freddie Mac 07/25/2021 06/07/2019 335,572.29 341,510.34 ---339,689.76 (213.35)3.230 2.215 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38376V2E6 Agency CMO Government National Mortgage Association 07/16/2039 08/06/2019 115,570.75 120,265.81 ---121,106.58 1,074.92 4.000 1.664 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AJMF8 Agency CMO Freddie Mac 10/25/2021 06/07/2019 329,193.95 334,389.04 ---333,183.78 208.88 2.968 2.086 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378BSZ3 Agency CMO Government National Mortgage Association 04/16/2040 06/25/2019 248,357.58 246,960.57 ---247,346.77 143.58 2.141 2.365 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378BXQ7 Agency CMO Government National Mortgage Association 01/16/2036 06/17/2019 201,570.05 199,554.35 ---200,304.19 (62.19)1.537 2.945 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137ATRW4 Agency CMO Freddie Mac 05/25/2022 06/28/2019 300,000.00 302,496.09 ---302,364.00 390.82 2.373 1.948 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AUPE3 Agency CMO Freddie Mac 06/25/2022 06/28/2019 200,000.00 201,773.44 ---201,676.00 257.15 2.396 1.968 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136A5KR6 Agency CMO Federal National Mortgage Association 10/25/2022 06/10/2019 155,672.80 154,505.26 ---155,210.45 487.42 1.750 2.002 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AXHP1 Agency CMO Freddie Mac 09/25/2022 06/28/2019 150,000.00 152,232.42 ---152,257.50 408.14 2.573 1.925 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1UG5 Agency CMO Freddie Mac 01/25/2023 06/25/2019 200,000.00 204,101.56 ---203,388.00 (71.41)2.637 1.983 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378TAF7 Agency CMO Government National Mortgage Association 07/20/2041 07/05/2019 110,707.54 110,915.12 ---111,786.94 892.34 2.500 2.041 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136AGFQ0 Agency CMO Federal National Mortgage Association 12/25/2038 06/18/2019 167,002.72 169,109.82 ---169,197.13 273.26 3.500 2.416 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B6DF5 Agency CMO Freddie Mac 11/15/2026 06/18/2019 174,937.85 173,120.13 ---175,593.87 2,355.82 2.000 1.788 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38376GY53 Agency CMO Government National Mortgage Association 01/16/2040 08/06/2019 67,935.91 68,150.86 ---68,323.82 275.32 3.526 2.332 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378FRB8 Agency CMO Government National Mortgage Association 07/20/2042 12/30/2019 204,025.32 201,028.71 ---200,450.80 (577.91)2.000 2.403 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BDKF2 Agency CMO Freddie Mac 09/15/2040 ---70,458.17 71,934.69 ---71,956.82 152.69 3.500 2.184 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38376WA62 Agency CMO Government National Mortgage Association 10/20/2039 12/17/2019 94,233.12 98,856.43 ---97,116.65 (1,773.27)4.000 3.042 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38377YTL4 Agency CMO Government National Mortgage Association 05/20/2040 06/17/2019 200,863.72 198,415.69 ---198,577.89 100.51 2.000 2.458 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378JZD7 Agency CMO Government National Mortgage Association 12/20/2040 10/16/2019 42,740.05 42,205.80 ---42,895.20 678.38 1.500 1.258 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38377QKH9 Agency CMO Government National Mortgage Association 08/20/2040 08/20/2019 50,873.27 51,797.34 ---51,773.22 (18.44)3.000 2.276 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378WUY7 Agency CMO Government National Mortgage Association 06/20/2041 06/12/2019 162,596.97 162,851.03 ---163,494.51 680.97 2.500 2.057 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378CNY9 Agency CMO Government National Mortgage Association 11/20/2038 06/25/2019 200,000.00 202,593.75 ---201,632.00 74.38 3.500 2.424 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31397ALN1 Agency CMO Freddie Mac 04/15/2032 06/18/2019 172,838.22 172,730.20 ---172,874.52 280.54 2.090 2.102 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136ADFF1 Agency CMO Federal National Mortgage Association 04/25/2023 06/10/2019 123,246.81 121,475.14 ---122,323.69 619.98 1.500 2.026 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AS7D0 Agency CMO Freddie Mac 04/15/2039 06/14/2019 172,350.15 171,057.52 ---172,450.11 1,276.71 2.000 1.905 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B3HX9 Agency CMO Freddie Mac 07/15/2038 06/20/2019 92,051.52 91,763.86 ---92,424.33 785.38 2.190 1.994 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136AGZA3 Agency CMO Federal National Mortgage Association 09/25/2030 06/25/2019 28,013.03 28,200.16 ---28,289.24 109.88 3.000 2.258 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38379JM99 Agency CMO Government National Mortgage Association 02/16/2041 08/28/2019 53,434.56 53,778.96 ---54,090.20 332.19 2.500 1.796 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38377RED3 Agency CMO Government National Mortgage Association 12/16/2025 12/11/2019 208,514.42 210,176.02 ---209,930.23 (258.26)2.500 2.105 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3620AFYR2 Agency MBS Government National Mortgage Association 12/15/2024 06/12/2019 95,906.95 99,027.68 ---99,912.02 1,075.45 4.000 1.611 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 36297GCD0 Agency MBS Government National Mortgage Association 02/15/2025 06/12/2019 97,844.12 101,960.47 ---100,871.42 (650.85)4.500 2.757 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3138NJAE8 Agency MBS Federal National Mortgage Association 12/01/2020 10/07/2019 20,571.55 20,793.34 ---20,555.09 (251.40)3.630 3.673 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31381SVJ8 Agency MBS Federal National Mortgage Association 11/01/2021 07/22/2019 84,448.62 85,886.89 ---86,005.01 416.52 3.330 2.186 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 36202F2H8 Agency MBS Government National Mortgage Association 01/20/2027 12/12/2019 207,179.28 212,294.03 ---212,773.12 435.56 3.000 1.834 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 36178NB99 Agency MBS Government National Mortgage Association 08/15/2027 10/11/2019 50,194.88 50,751.74 ---50,884.56 136.75 2.500 1.979 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3138EJRP5 Agency MBS Federal National Mortgage Association 06/01/2021 06/18/2019 150,083.71 154,611.20 ---153,837.30 638.89 4.356 1.998 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31381R5T7 Agency MBS Federal National Mortgage Association 09/01/2021 06/20/2019 101,000.00 103,840.63 ---103,495.71 369.93 3.770 2.161 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1U75 Agency MBS Freddie Mac 01/25/2023 06/27/2019 363,016.71 366,519.25 ---366,131.40 212.31 2.522 2.077 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378KWU9 Agency MBS Government National Mortgage Association 11/16/2041 ---96,102.05 91,887.02 ---94,004.14 1,599.86 1.400 2.451 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378KW47 Agency MBS Government National Mortgage Association 08/16/2035 06/13/2019 233,753.83 232,438.96 ---233,555.14 778.04 2.150 2.142 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1BS0 Agency MBS Freddie Mac 11/25/2022 ---645,000.00 652,086.14 ---653,933.25 2,943.58 2.510 1.944 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3138EKXL4 Agency MBS Federal National Mortgage Association 03/01/2023 08/21/2019 49,101.74 49,654.14 ---49,452.33 (164.42)2.353 2.106 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136AHAE0 Agency MBS Federal National Mortgage Association 04/25/2023 06/28/2019 72,365.34 73,033.27 ---73,174.39 (104.21)2.651 1.863 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136A7MN9 Agency MBS Federal National Mortgage Association 05/25/2022 08/22/2019 147,972.66 149,169.16 ---148,907.84 (151.61)2.349 1.996 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AWQG3 Agency MBS Freddie Mac 04/25/2022 06/07/2019 280,853.29 277,737.57 ---279,651.24 1,417.90 1.583 1.856 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31397UPF0 Agency MBS Federal National Mortgage Association 06/25/2021 06/10/2019 244,005.05 248,008.26 ---247,565.08 499.44 3.763 1.965 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31381Q6B7 Agency MBS Federal National Mortgage Association 06/01/2021 07/01/2019 180,224.65 185,779.23 ---185,413.32 1,131.31 4.295 2.075 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BJQ71 Agency MBS Freddie Mac 05/25/2025 10/30/2019 200,000.00 206,296.88 ---205,686.00 (431.74)2.770 2.184 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BLAC2 Agency MBS Freddie Mac 06/25/2025 ---150,000.00 159,648.05 ---158,194.50 (1,266.86)3.284 2.162 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 36179M4J6 Agency MBS Government National Mortgage Association 03/20/2028 11/20/2019 185,559.95 187,792.48 ---188,437.99 633.95 2.500 1.919 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 36202FA30 Agency MBS Government National Mortgage Association 09/20/2024 10/23/2019 41,731.72 43,479.24 ---43,966.04 526.06 4.500 1.242 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BM6P6 Agency MBS Freddie Mac 08/25/2022 06/28/2019 200,000.00 205,437.50 ---204,216.00 (264.74)3.090 2.127 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3138EJPZ5 Agency MBS Federal National Mortgage Association 07/01/2022 07/22/2019 221,749.20 225,794.39 ---226,565.59 208.62 3.022 1.901 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BSRZ8 Agency MBS Freddie Mac 09/25/2022 06/28/2019 178,589.06 182,112.01 ---181,809.03 (161.20)2.838 1.978 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3138L2QG5 Agency MBS Federal National Mortgage Association 01/01/2028 09/09/2019 262,375.30 278,415.05 ---273,374.07 (4,626.69)3.010 2.513 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 06/10/2019 205,156.00 212,624.96 ---213,791.02 1,820.02 4.000 1.688 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378NWU3 Agency MBS Government National Mortgage Association 06/16/2048 06/27/2019 155,214.82 157,397.53 ---158,922.90 1,118.78 2.552 2.476 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137FBAJ5 Agency MBS Freddie Mac 08/25/2027 06/26/2019 200,000.00 211,593.75 ---210,796.00 (126.26)3.281 2.485 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3138LFGP7 Agency MBS Federal National Mortgage Association 10/01/2028 08/07/2019 300,000.00 310,207.03 ---303,750.00 (6,051.94)2.550 2.456 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3620C4SU5 Agency MBS Government National Mortgage Association 09/15/2025 06/12/2019 93,024.85 96,466.04 ---96,940.27 696.13 4.000 1.875 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137F4D41 Agency MBS Freddie Mac 01/25/2028 06/27/2019 150,000.00 163,248.05 ---162,696.00 166.61 3.600 2.418 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137F4CY6 Agency MBS Freddie Mac 09/25/2024 06/28/2019 190,000.00 195,907.81 ---196,646.20 1,316.42 2.920 2.086 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137FGZN8 Agency MBS Freddie Mac 02/25/2023 06/18/2019 188,843.90 188,755.38 ---188,806.13 174.99 1.985 2.044 AAA 91 CIP STAMP Portfolio by Account for quarter ended December 31, 2019 ATTACHMENT 3 33 Page 8 of 42 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 91 CIP STAMP Portfolio by Account for quarter ended December 31, 2019 256350018 MIM-RCTC 91 TIFIA Reserve 3137BP4K2 Agency MBS Freddie Mac 03/25/2026 09/09/2019 200,000.00 210,125.00 ---206,340.00 (3,328.08)2.849 2.280 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3620A9T35 Agency MBS Government National Mortgage Association 11/15/2024 06/13/2019 162,264.56 167,550.83 ---169,032.61 1,738.05 4.000 1.580 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137FL6P4 Agency MBS Freddie Mac 01/25/2029 09/09/2019 275,000.00 307,108.40 ---297,973.50 (8,171.57)3.563 2.510 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31419AM53 Agency MBS Federal National Mortgage Association 08/01/2024 06/28/2019 104,694.96 108,555.58 ---108,165.60 220.77 5.500 2.127 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137FNAD2 Agency MBS Freddie Mac 11/25/2028 08/01/2019 148,191.35 151,148.95 ---151,109.24 142.81 2.631 2.236 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3138LFP51 Agency MBS Federal National Mortgage Association 10/01/2028 09/09/2019 199,448.25 207,028.84 ---201,963.29 (4,841.88)2.570 2.472 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 62888VAA6 CMO NCUA Guaranteed Notes Trust 2010-R1 10/07/2020 06/24/2019 19,594.54 19,585.36 ---19,630.79 41.74 2.221 2.441 AAA 256350018 MIM-RCTC 91 TIFIA Reserve CCYUSD Currency UNITED STATES OF AMERICA 12/31/2019 ---0.00 (201,051.38)---(201,051.38)0.00 0.000 0.000 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31846V401 MM Fund First American Funds, Inc. - Government Obligations Fund 12/31/2019 ---0.00 270,895.91 ---270,895.91 0.00 1.070 1.060 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828V49 TIPS United States Department of The Treasury 01/15/2027 06/25/2019 308,931.20 311,326.35 ---313,617.69 2,452.10 0.375 0.158 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 9128285W6 TIPS United States Department of The Treasury 01/15/2029 ---264,968.60 279,831.60 ---281,370.16 2,236.71 0.875 0.184 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 9128286N5 TIPS United States Department of The Treasury 04/15/2024 08/01/2019 295,884.10 300,105.63 ---300,668.55 927.51 0.500 0.122 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828B58 US Gov United States Department of The Treasury 01/31/2021 06/26/2019 1,500,000.00 1,506,269.53 ---1,507,845.00 3,564.40 2.125 1.636 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828XB1 US Gov United States Department of The Treasury 05/15/2025 09/11/2019 450,000.00 462,076.17 ---459,283.50 (2,183.98)2.125 1.721 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828L57 US Gov United States Department of The Treasury 09/30/2022 09/10/2019 1,000,000.00 1,006,210.94 ---1,004,020.00 (1,587.85)1.750 1.600 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828L99 US Gov United States Department of The Treasury 10/31/2020 06/25/2019 1,300,000.00 1,292,179.69 ---1,297,010.00 1,857.50 1.375 1.654 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828Y53 US Gov United States Department of The Treasury 07/31/2020 09/30/2019 125,000.00 124,878.17 ---124,967.50 52.46 1.569 1.633 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828YK0 US Gov United States Department of The Treasury 10/15/2022 12/05/2019 225,000.00 223,549.80 ---223,629.75 44.40 1.375 1.599 AAA 19,838,518.67 20,208,564.16 20,192,423.87 7,717.94 256350021 MIM-RCTC 2013 Residual Fund 3137A1N90 Agency CMO Freddie Mac 06/25/2020 06/26/2018 63,132.20 63,709.27 ---63,254.68 122.91 3.531 2.336 AAA 256350021 MIM-RCTC 2013 Residual Fund 38377REV3 Agency CMO Government National Mortgage Association 10/20/2039 07/01/2019 155,965.38 159,060.31 ---158,821.11 (12.54)3.500 2.373 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137ABFH9 Agency CMO Freddie Mac 06/25/2021 03/15/2019 206,000.00 209,846.41 ---210,159.14 1,685.76 3.989 2.161 AAA 256350021 MIM-RCTC 2013 Residual Fund 31394GUX9 Agency CMO Freddie Mac 08/15/2023 07/02/2019 28,636.53 29,853.59 ---30,021.97 292.64 5.500 1.995 AAA 256350021 MIM-RCTC 2013 Residual Fund 38378BXQ7 Agency CMO Government National Mortgage Association 01/16/2036 06/17/2019 149,311.15 147,818.04 ---148,373.48 (46.06)1.537 2.945 AAA 256350021 MIM-RCTC 2013 Residual Fund 31397LUK3 Agency CMO Federal National Mortgage Association 06/25/2023 10/10/2018 115,743.79 118,076.75 ---118,302.88 1,308.77 4.500 1.926 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137ATRW4 Agency CMO Freddie Mac 05/25/2022 08/19/2019 100,000.00 101,109.38 ---100,788.00 (151.14)2.373 1.948 AAA 256350021 MIM-RCTC 2013 Residual Fund 3136A72D3 Agency CMO Federal National Mortgage Association 04/25/2022 07/26/2019 32,099.18 32,287.05 ---32,286.00 (8.49)2.482 2.136 AAA 256350021 MIM-RCTC 2013 Residual Fund 3136A5KR6 Agency CMO Federal National Mortgage Association 10/25/2022 01/25/2019 79,393.13 78,301.47 ---79,157.33 538.90 1.750 2.002 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137AYCE9 Agency CMO Freddie Mac 10/25/2022 08/13/2019 360,000.00 367,790.63 ---366,048.00 (745.93)2.682 1.984 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137A2PV7 Agency CMO Freddie Mac 09/15/2022 06/03/2019 28,210.18 27,716.49 ---27,986.75 203.22 1.500 1.978 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137GAUY1 Agency CMO Freddie Mac 10/15/2022 08/15/2019 145,807.67 144,304.02 ---145,481.06 1,069.66 1.500 1.620 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137A1LC5 Agency CMO Freddie Mac 08/15/2020 01/17/2018 1,529.70 1,524.68 ---1,527.78 0.15 2.000 2.307 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137A5FP4 Agency CMO Freddie Mac 01/15/2021 01/30/2018 24,678.24 24,739.93 ---24,772.75 78.85 2.500 1.901 AAA 256350021 MIM-RCTC 2013 Residual Fund 38378CDK0 Agency CMO Government National Mortgage Association 03/20/2035 01/30/2018 15,313.65 15,454.82 ---15,345.20 4.63 3.000 1.955 AAA 256350021 MIM-RCTC 2013 Residual Fund 38378AWX5 Agency CMO Government National Mortgage Association 01/20/2036 01/30/2018 16,351.08 16,509.48 ---16,445.92 33.78 3.000 1.928 AAA 256350021 MIM-RCTC 2013 Residual Fund 31358TPC7 Agency CMO Federal National Mortgage Association 02/25/2023 02/11/2019 89,413.94 89,688.65 ---89,668.77 272.52 2.642 2.412 AAA 256350021 MIM-RCTC 2013 Residual Fund 31416BVR6 Agency MBS Federal National Mortgage Association 12/01/2020 01/17/2018 0.01 0.01 ---0.01 0.00 5.000 0.131 AAA 256350021 MIM-RCTC 2013 Residual Fund 31381RLL6 Agency MBS Federal National Mortgage Association 07/01/2021 11/02/2018 52,194.61 52,969.39 ---53,249.47 617.82 3.840 2.141 AAA 256350021 MIM-RCTC 2013 Residual Fund 31381SVJ8 Agency MBS Federal National Mortgage Association 11/01/2021 02/22/2019 84,448.62 84,870.86 ---86,005.00 1,330.44 3.330 2.186 AAA 256350021 MIM-RCTC 2013 Residual Fund 36202F2H8 Agency MBS Government National Mortgage Association 01/20/2027 12/12/2019 91,158.88 93,409.37 ---93,620.17 191.65 3.000 1.834 AAA 256350021 MIM-RCTC 2013 Residual Fund 3128MMPP2 Agency MBS Freddie Mac 03/01/2027 05/10/2019 215,192.05 214,250.59 ---218,178.92 3,909.99 2.500 1.954 AAA 256350021 MIM-RCTC 2013 Residual Fund 36178NB99 Agency MBS Government National Mortgage Association 08/15/2027 10/11/2019 125,487.22 126,879.35 ---127,211.41 341.87 2.500 1.979 AAA 256350021 MIM-RCTC 2013 Residual Fund 3128MMPY3 Agency MBS Freddie Mac 06/01/2027 05/10/2019 198,540.96 197,672.35 ---201,306.64 3,603.19 2.500 1.963 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137B2GW4 Agency MBS Freddie Mac 03/25/2020 06/29/2018 40,880.06 40,614.97 ---40,828.14 32.90 2.313 2.016 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137APP61 Agency MBS Freddie Mac 01/25/2022 09/06/2019 14,949.41 15,193.51 ---15,112.51 (43.47)2.789 2.073 AAA 256350021 MIM-RCTC 2013 Residual Fund 38378KW47 Agency MBS Government National Mortgage Association 08/16/2035 06/13/2019 90,339.64 89,831.48 ---90,262.86 300.69 2.150 2.142 AAA 256350021 MIM-RCTC 2013 Residual Fund 3132G5AV1 Agency MBS Freddie Mac 07/01/2028 10/11/2019 73,063.85 74,433.80 ---74,913.09 505.84 3.000 2.022 AAA 256350021 MIM-RCTC 2013 Residual Fund 3138L1W62 Agency MBS Federal National Mortgage Association 12/01/2022 02/21/2019 125,308.10 124,564.08 ---124,949.72 286.19 2.500 2.564 AAA 256350021 MIM-RCTC 2013 Residual Fund 3138EKXL4 Agency MBS Federal National Mortgage Association 03/01/2023 08/21/2019 52,375.19 52,964.41 ---52,749.15 (175.38)2.353 2.106 AAA 256350021 MIM-RCTC 2013 Residual Fund 31381RZ23 Agency MBS Federal National Mortgage Association 08/01/2021 11/02/2018 60,168.48 61,061.60 ---61,395.92 699.63 3.840 2.256 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137AXHN6 Agency MBS Freddie Mac 02/25/2022 01/25/2018 21,969.17 21,667.10 ---21,932.92 143.00 1.749 1.795 AAA 256350021 MIM-RCTC 2013 Residual Fund 3136AMM48 Agency MBS Federal National Mortgage Association 07/25/2022 08/01/2019 347,057.62 349,009.81 ---349,077.49 337.45 2.509 2.152 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137AWQG3 Agency MBS Freddie Mac 04/25/2022 ---43,883.33 43,067.37 ---43,695.51 354.01 1.583 1.856 AAA 256350021 MIM-RCTC 2013 Residual Fund 31397UPF0 Agency MBS Federal National Mortgage Association 06/25/2021 03/15/2019 122,002.53 123,756.31 ---123,782.54 581.99 3.763 1.965 AAA 256350021 MIM-RCTC 2013 Residual Fund 36179M4J6 Agency MBS Government National Mortgage Association 03/20/2028 11/20/2019 154,633.30 156,493.73 ---157,031.66 528.29 2.500 1.919 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137B1UF7 Agency MBS Freddie Mac 09/25/2022 01/25/2018 13,053.35 12,861.63 ---13,041.34 107.47 1.785 1.767 AAA 256350021 MIM-RCTC 2013 Residual Fund 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 06/10/2019 67,188.59 69,634.67 ---70,016.55 596.06 4.000 1.688 AAA 256350021 MIM-RCTC 2013 Residual Fund 31418CQM9 Agency MBS Federal National Mortgage Association 10/01/2027 09/11/2019 56,035.85 57,463.03 ---57,555.55 115.46 3.000 1.941 AAA 256350021 MIM-RCTC 2013 Residual Fund 3140J6DU8 Agency MBS Federal National Mortgage Association 08/01/2031 07/26/2019 200,982.00 202,332.34 ---203,673.15 1,374.67 2.500 2.004 AAA 256350021 MIM-RCTC 2013 Residual Fund 3138L2GH4 Agency MBS Federal National Mortgage Association 07/01/2021 ---124,468.74 121,833.17 ---124,275.81 1,365.59 1.870 1.949 AAA 256350021 MIM-RCTC 2013 Residual Fund 31381QB54 Agency MBS Federal National Mortgage Association 03/01/2021 11/07/2018 98,682.43 100,725.46 ---100,405.42 790.24 4.410 2.400 AAA 256350021 MIM-RCTC 2013 Residual Fund 3138L8H23 Agency MBS Federal National Mortgage Association 12/01/2021 05/02/2019 67,913.14 67,700.98 ---67,814.67 101.32 2.730 2.725 AAA 256350021 MIM-RCTC 2013 Residual Fund 17305EFM2 Asset Backed Citibank Credit Card Issuance Trust - 2014-A1 01/21/2021 12/11/2019 200,000.00 202,210.16 ---202,046.00 (63.29)2.880 1.891 AAA 256350021 MIM-RCTC 2013 Residual Fund 87165LBB6 Asset Backed Synchrony Credit Card Master Note Trust 2016-2 05/17/2021 08/02/2019 160,000.00 160,387.50 ---160,654.40 353.58 2.210 1.913 AAA 256350021 MIM-RCTC 2013 Residual Fund 02587AAJ3 Asset Backed American Express Credit Account Master Trust 02/18/2020 ---221,000.00 218,887.00 ---220,988.95 212.08 1.930 1.935 AAA 256350021 MIM-RCTC 2013 Residual Fund 43814TAD4 Asset Backed Honda Auto Receivables 2007-1 Owner Trust 06/21/2023 10/11/2018 200,000.00 196,375.00 ---200,092.00 1,946.18 2.050 2.016 AAA 256350021 MIM-RCTC 2013 Residual Fund 05584PAD9 Asset Backed BMW Vehicle Lease Trust 2017-2 02/20/2020 10/11/2018 47,047.34 46,624.65 ---47,047.34 42.15 2.070 2.020 AAA 256350021 MIM-RCTC 2013 Residual Fund 02582JHJ2 Asset Backed American Express Credit Account Master Trust, Series 2017-6 10/15/2020 12/05/2019 200,000.00 200,375.00 ---200,306.00 (36.49)2.040 1.845 AAA 256350021 MIM-RCTC 2013 Residual Fund 65478HAD0 Asset Backed NAROT_17-C 04/18/2022 09/25/2018 59,597.77 58,668.88 ---59,658.56 411.55 2.120 1.959 AAA 256350021 MIM-RCTC 2013 Residual Fund 17305EGK5 Asset Backed Citibank Credit Card Issuance Trust 01/20/2021 07/19/2019 100,000.00 100,625.00 ---100,689.00 246.39 2.490 1.821 AAA 256350021 MIM-RCTC 2013 Residual Fund 65478DAD9 Asset Backed Nissan Auto Receivables 2018-A Owner Trust 05/16/2022 06/29/2018 83,494.42 83,063.90 ---83,852.61 503.52 2.650 2.029 AAA 256350021 MIM-RCTC 2013 Residual Fund 12596EAC8 Asset Backed CNH Equipment Trust 2018-B 11/15/2023 12/05/2019 190,000.00 193,102.34 ---192,931.70 (27.54)3.190 2.106 AAA 256350021 MIM-RCTC 2013 Residual Fund 38013FAD3 Asset Backed GM Financial Consumer Automobile Receivables Trust 2018-4 10/16/2023 07/24/2019 75,000.00 76,374.02 ---76,278.75 274.92 3.210 1.719 AAA34 Page 9 of 42 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 91 CIP STAMP Portfolio by Account for quarter ended December 31, 2019 256350021 MIM-RCTC 2013 Residual Fund 47789JAB2 Asset Backed John Deere Owner Trust 2019 10/15/2021 03/05/2019 88,941.42 88,937.36 ---89,230.48 290.91 2.850 2.232 AAA 256350021 MIM-RCTC 2013 Residual Fund 26208RAD7 Asset Backed Drive Auto Receivables Trust 2019-2 03/15/2023 12/05/2019 150,000.00 150,738.28 ---150,894.00 285.25 3.040 0.998 AAA 256350021 MIM-RCTC 2013 Residual Fund 31680YAB3 Asset Backed Fifth Third Auto Trust 2019-1 05/16/2022 04/30/2019 131,026.18 131,018.96 ---131,438.92 416.30 2.660 2.014 AAA 256350021 MIM-RCTC 2013 Residual Fund 65478LAB5 Asset Backed Nissan Auto Lease Trust 2019-B 10/15/2021 07/16/2019 80,000.00 79,993.00 ---80,146.40 150.38 2.270 1.916 AAA 256350021 MIM-RCTC 2013 Residual Fund 477870AB5 Asset Backed John Deere Owner Trust 2019-B 05/16/2022 07/16/2019 90,000.00 89,999.66 ---90,194.40 195.41 2.280 1.991 AAA 256350021 MIM-RCTC 2013 Residual Fund 14315PAB1 Asset Backed Carmax Auto Owner Trust 2019-3 12/15/2022 07/24/2019 120,000.00 119,994.61 ---120,268.80 272.47 2.210 1.948 AAA 256350021 MIM-RCTC 2013 Residual Fund 26209AAE1 Asset Backed Drive Auto Receivables Trust 2019-4 01/16/2024 09/09/2019 80,000.00 79,989.10 ---80,030.40 39.94 2.230 2.217 AA 256350021 MIM-RCTC 2013 Residual Fund 62888VAA6 CMO NCUA Guaranteed Notes Trust 2010-R1 10/07/2020 05/10/2019 0.01 0.01 ---0.01 0.00 2.221 2.441 AAA 256350021 MIM-RCTC 2013 Residual Fund 62888UAB6 CMO NCUA Guaranteed Notes Trust 2010-R2 11/05/2020 03/15/2019 148,323.53 148,543.70 ---148,345.78 (91.71)2.460 2.001 AAA 256350021 MIM-RCTC 2013 Residual Fund 38141EA58 Corporate The Goldman Sachs Group, Inc.03/15/2020 ---200,000.00 208,651.00 ---201,356.00 372.76 5.375 2.031 A 256350021 MIM-RCTC 2013 Residual Fund 06051GEC9 Corporate Bank of America Corporation 07/01/2020 ---200,000.00 207,806.00 ---203,670.00 1,346.32 5.625 1.920 A 256350021 MIM-RCTC 2013 Residual Fund 61747WAF6 Corporate Morgan Stanley 01/25/2021 ---200,000.00 213,237.00 ---207,714.00 1,688.72 5.750 2.074 A 256350021 MIM-RCTC 2013 Residual Fund 084659AB7 Corporate Berkshire Hathaway Energy Company 02/01/2020 04/22/2019 250,000.00 249,475.00 01/31/2020 250,080.00 137.14 2.400 1.937 A 256350021 MIM-RCTC 2013 Residual Fund 06051GFN4 Corporate Bank of America Corporation 04/21/2020 01/25/2018 100,000.00 99,537.00 ---100,094.00 158.13 2.250 1.932 A 256350021 MIM-RCTC 2013 Residual Fund 05531FAU7 Corporate Truist Financial Corporation 06/29/2020 04/15/2019 250,000.00 249,642.50 05/29/2020 250,672.50 818.19 2.625 1.965 A 256350021 MIM-RCTC 2013 Residual Fund 94974BGM6 Corporate Wells Fargo & Company 07/22/2020 04/15/2019 200,000.00 199,590.00 ---200,764.00 944.37 2.600 1.908 A 256350021 MIM-RCTC 2013 Residual Fund 375558BB8 Corporate Gilead Sciences, Inc.09/01/2020 ---135,000.00 133,439.10 ---135,575.10 1,116.26 2.550 1.902 A 256350021 MIM-RCTC 2013 Residual Fund 780082AC7 Corporate Royal Bank of Canada 10/14/2020 ---200,000.00 196,622.00 ---200,232.00 1,460.73 2.100 1.949 AAA 256350021 MIM-RCTC 2013 Residual Fund 06416CAC2 Corporate The Bank of Nova Scotia 04/26/2021 ---200,000.00 194,126.00 ---200,094.00 2,920.72 1.875 1.838 AAA 256350021 MIM-RCTC 2013 Residual Fund 06406FAB9 Corporate The Bank of New York Mellon Corporation 05/03/2021 10/11/2018 200,000.00 193,708.00 04/03/2021 200,636.00 4,000.52 2.050 1.792 A 256350021 MIM-RCTC 2013 Residual Fund 172967LC3 Corporate Citigroup Inc.12/08/2021 ---450,000.00 449,617.50 11/08/2021 457,393.50 7,670.69 2.900 1.992 A 256350021 MIM-RCTC 2013 Residual Fund 69353RFC7 Corporate PNC Bank, National Association 05/19/2020 10/10/2018 250,000.00 245,222.50 04/19/2020 250,037.50 1,195.15 2.000 1.945 A 256350021 MIM-RCTC 2013 Residual Fund 55279HAN0 Corporate Manufacturers & Traders Trust Company 08/17/2020 10/11/2018 250,000.00 244,707.50 07/17/2020 250,090.00 1,928.17 2.050 1.983 A 256350021 MIM-RCTC 2013 Residual Fund 31677QBK4 Corporate Fifth Third Bank 10/30/2020 06/21/2019 200,000.00 199,810.00 09/30/2020 200,342.00 457.72 2.200 1.969 A 256350021 MIM-RCTC 2013 Residual Fund 17401QAN1 Corporate Citizens Bank, National Association 10/30/2020 04/15/2019 250,000.00 247,950.00 ---250,802.50 1,916.43 2.250 1.817 A 256350021 MIM-RCTC 2013 Residual Fund 69353RFH6 Corporate PNC Bank, National Association 01/22/2021 04/22/2019 250,000.00 249,005.00 12/22/2020 251,490.00 2,095.11 2.500 1.880 A 256350021 MIM-RCTC 2013 Residual Fund 90331HNP4 Corporate U.S. Bank National Association 04/26/2021 10/11/2018 250,000.00 249,395.00 03/26/2021 253,990.00 4,309.82 3.150 1.838 AA 256350021 MIM-RCTC 2013 Residual Fund 69371RP34 Corporate PACCAR Financial Corp.05/10/2021 04/30/2019 200,000.00 200,250.00 ---200,248.00 80.54 2.161 2.120 A 256350021 MIM-RCTC 2013 Residual Fund 14913Q2X6 Corporate Caterpillar Financial Services Corporation 05/17/2021 05/14/2019 120,000.00 120,000.00 ---120,354.00 354.00 2.294 2.128 A 256350021 MIM-RCTC 2013 Residual Fund 86787EBD8 Corporate SunTrust Bank 05/17/2022 05/14/2019 50,000.00 50,000.00 04/17/2022 50,239.00 239.00 2.494 2.328 A 256350021 MIM-RCTC 2013 Residual Fund 025816CE7 Corporate American Express Company 05/20/2022 05/15/2019 100,000.00 100,000.00 04/19/2022 100,642.00 642.00 2.519 2.285 A 256350021 MIM-RCTC 2013 Residual Fund 05531FBJ1 Corporate Truist Financial Corporation 03/16/2023 09/09/2019 165,000.00 164,877.90 02/13/2023 166,095.60 1,207.78 2.200 1.979 A 256350021 MIM-RCTC 2013 Residual Fund 17308CC46 Corporate Citigroup Inc.11/04/2022 10/28/2019 195,000.00 195,000.00 11/04/2021 195,606.45 606.45 2.312 2.239 A 256350021 MIM-RCTC 2013 Residual Fund CCYUSD Currency UNITED STATES OF AMERICA 12/31/2019 ---0.00 (0.00)---(0.00)0.00 0.000 0.000 AAA 256350021 MIM-RCTC 2013 Residual Fund 31846V401 MM Fund First American Funds, Inc. - Government Obligations Fund 12/31/2019 ---0.00 30,366.91 ---30,366.91 0.00 1.070 1.060 AAA 256350021 MIM-RCTC 2013 Residual Fund 072024WW8 Muni Bay Area Toll Authority 04/01/2022 09/20/2019 95,000.00 95,000.00 ---95,208.05 208.05 2.128 2.027 AA 256350021 MIM-RCTC 2013 Residual Fund 783186TZ2 Muni Rutgers, The State University of New Jersey 05/01/2022 10/18/2019 105,000.00 105,000.00 ---104,992.65 (7.35)2.057 2.060 AA 256350021 MIM-RCTC 2013 Residual Fund 4581X0CZ9 Non-US Gov Inter-American Development Bank 09/14/2022 09/30/2019 650,000.00 652,067.00 ---651,521.00 (375.58)1.750 1.661 AAA 256350021 MIM-RCTC 2013 Residual Fund 459058GK3 Non-US Gov International Bank for Reconstruction and Development 08/21/2020 ---315,000.00 315,116.40 ---315,056.70 13.63 1.760 1.755 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828UH1 TIPS United States Department of The Treasury 01/15/2023 ---100,334.70 98,464.38 ---100,324.67 1,223.08 0.125 0.128 AAA 256350021 MIM-RCTC 2013 Residual Fund 9128286N5 TIPS United States Department of The Treasury 04/15/2024 ---418,318.90 425,694.61 ---425,083.12 (25.73)0.500 0.122 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828VV9 US Gov United States Department of The Treasury 08/31/2020 ---2,010,000.00 2,000,617.58 ---2,016,130.50 7,252.61 2.125 1.660 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828B58 US Gov United States Department of The Treasury 01/31/2021 ---1,730,000.00 1,727,976.96 ---1,739,047.90 6,967.44 2.125 1.636 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828J43 US Gov United States Department of The Treasury 02/28/2022 12/30/2019 125,000.00 125,463.87 ---125,468.75 5.44 1.750 1.573 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828L57 US Gov United States Department of The Treasury 09/30/2022 ---2,150,000.00 2,158,926.57 ---2,158,643.00 (387.20)1.750 1.600 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828T67 US Gov United States Department of The Treasury 10/31/2021 12/09/2019 480,000.00 476,306.25 ---477,110.40 687.24 1.250 1.584 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828Y53 US Gov United States Department of The Treasury 07/31/2020 ---2,025,000.00 2,024,421.48 ---2,024,473.50 (108.32)1.569 1.633 AAA 256350021 MIM-RCTC 2013 Residual Fund 9128285H9 US Gov United States Department of The Treasury 10/31/2020 ---700,000.00 699,678.39 ---699,664.00 (179.73)1.571 1.653 AAA 256350021 MIM-RCTC 2013 Residual Fund 9128286U9 US Gov United States Department of The Treasury 05/15/2022 12/16/2019 120,000.00 121,303.13 ---121,480.80 199.50 2.125 1.593 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828YK0 US Gov United States Department of The Treasury 10/15/2022 ---1,030,000.00 1,021,835.16 ---1,023,727.30 1,470.78 1.375 1.599 AAA 256350021 MIM-RCTC 2013 Residual Fund 658886DZ6 VRDN North Dakota Housing Finance Agency 07/01/2038 06/29/2018 100,000.00 100,000.00 ---100,000.00 0.00 1.680 1.680 AA 256350021 MIM-RCTC 2013 Residual Fund 56052FHZ1 VRDN Maine State Housing Authority 11/15/2052 06/29/2018 100,000.00 100,000.00 01/31/2020 100,000.00 0.00 1.650 1.650 AA 23,696,647.18 23,748,868.18 23,842,138.28 82,677.17 256350023 MIM-Sr Lien Reserve Fund-1 3137EADB2 Agency Freddie Mac 01/13/2022 ---950,000.00 942,921.50 ---964,649.00 14,887.33 2.375 1.601 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137EADR7 Agency Freddie Mac 05/01/2020 05/15/2015 150,000.00 148,903.50 ---149,862.00 (61.91)1.375 1.649 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3135G0D75 Agency Federal National Mortgage Association 06/22/2020 05/06/2015 600,000.00 593,490.00 ---599,580.00 204.80 1.500 1.648 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3130AFFX0 Agency Federal Home Loan Banks 11/16/2028 09/11/2019 185,000.00 205,766.25 ---202,317.85 (2,818.93)3.250 2.089 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38374C4J7 Agency CMO Government National Mortgage Association 07/20/2020 10/21/2019 20,577.99 20,745.19 ---20,741.18 28.29 5.500 1.564 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377REV3 Agency CMO Government National Mortgage Association 10/20/2039 07/01/2019 72,783.84 74,228.15 ---74,116.52 (5.86)3.500 2.373 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377RVK8 Agency CMO Government National Mortgage Association 04/20/2039 ---88,900.63 90,674.28 ---90,090.12 225.80 3.000 2.347 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137ABFH9 Agency CMO Freddie Mac 06/25/2021 07/22/2019 100,000.00 102,574.22 ---102,019.00 53.16 3.989 2.161 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137AJMF8 Agency CMO Freddie Mac 10/25/2021 ---51,730.48 53,123.12 ---52,357.45 53.92 2.968 2.086 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38375XCM4 Agency CMO Government National Mortgage Association 11/16/2037 05/14/2019 57,496.83 59,125.16 ---59,256.81 364.91 5.000 2.604 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38376GB33 Agency CMO Government National Mortgage Association 10/16/2044 01/23/2015 13,831.14 14,197.18 ---13,819.66 (17.66)3.474 2.296 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137ATRW4 Agency CMO Freddie Mac 05/25/2022 ---282,110.00 278,085.13 ---284,333.03 4,816.21 2.373 1.948 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137AUPE3 Agency CMO Freddie Mac 06/25/2022 ---150,000.00 151,611.80 ---151,257.00 617.98 2.396 1.968 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377RSZ9 Agency CMO Government National Mortgage Association 06/16/2039 ---17,207.20 17,747.32 ---17,303.05 1.87 4.500 1.707 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136A72D3 Agency CMO Federal National Mortgage Association 04/25/2022 07/03/2013 230,530.58 219,004.05 ---231,872.27 3,801.53 2.482 2.136 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136A5KR6 Agency CMO Federal National Mortgage Association 10/25/2022 01/25/2019 51,683.37 50,972.72 ---51,529.87 350.81 1.750 2.002 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137AXHP1 Agency CMO Freddie Mac 09/25/2022 09/29/2017 140,000.00 142,089.06 ---142,107.00 1,057.62 2.573 1.925 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378B7F0 Agency CMO Government National Mortgage Association 12/16/2042 ---450,000.00 427,324.22 ---443,524.50 5,933.49 2.273 2.591 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378CRT6 Agency CMO Government National Mortgage Association 10/20/2040 05/22/2014 41,241.79 39,824.10 ---41,148.58 974.13 2.000 2.052 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378HXH4 Agency CMO Government National Mortgage Association 09/16/2027 03/08/2019 14,639.70 14,198.05 ---14,384.67 147.31 1.250 2.039 AAA35 Page 10 of 42 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 91 CIP STAMP Portfolio by Account for quarter ended December 31, 2019 256350023 MIM-Sr Lien Reserve Fund-1 38377JZ89 Agency CMO Government National Mortgage Association 10/20/2039 07/05/2013 38,131.24 39,297.52 ---39,229.42 376.74 3.500 1.940 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378TAF7 Agency CMO Government National Mortgage Association 07/20/2041 07/05/2013 102,191.57 102,206.98 ---103,187.94 1,056.68 2.500 2.041 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137B4HD1 Agency CMO Freddie Mac 12/15/2042 03/20/2019 35,802.91 36,977.69 ---37,376.81 438.00 4.500 2.136 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38376GY53 Agency CMO Government National Mortgage Association 01/16/2040 08/06/2019 61,308.01 61,501.99 ---61,658.08 248.47 3.526 2.332 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378FRB8 Agency CMO Government National Mortgage Association 07/20/2042 12/30/2019 193,287.15 190,448.25 ---189,900.76 (547.49)2.000 2.403 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137BDKF2 Agency CMO Freddie Mac 09/15/2040 11/13/2019 60,845.92 62,248.23 ---62,140.11 (85.42)3.500 2.184 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31398QTP2 Agency CMO Freddie Mac 05/15/2038 06/26/2018 27,590.96 28,130.93 ---27,731.95 31.82 4.500 2.163 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137A5FP4 Agency CMO Freddie Mac 01/15/2021 ---69,033.82 69,041.62 ---69,298.22 298.26 2.500 1.901 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38376T5Z1 Agency CMO Government National Mortgage Association 01/16/2039 01/26/2015 61,955.80 64,728.32 ---63,294.66 (392.04)3.000 2.023 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38376WA62 Agency CMO Government National Mortgage Association 10/20/2039 ---169,462.56 173,725.55 ---174,648.11 171.07 4.000 3.042 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378JZD7 Agency CMO Government National Mortgage Association 12/20/2040 10/16/2019 40,225.94 39,723.11 ---40,371.96 638.48 1.500 1.258 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377QKH9 Agency CMO Government National Mortgage Association 08/20/2040 08/20/2019 47,150.84 48,007.29 ---47,984.94 (17.09)3.000 2.276 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38380AZ34 Agency CMO Government National Mortgage Association 04/20/2046 11/28/2016 125,622.46 129,140.88 ---128,843.42 197.19 3.000 2.495 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378CDK0 Agency CMO Government National Mortgage Association 03/20/2035 03/16/2018 8,507.58 8,547.46 ---8,525.11 13.21 3.000 1.955 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378AWX5 Agency CMO Government National Mortgage Association 01/20/2036 03/28/2018 49,053.24 49,317.67 ---49,337.75 192.81 3.000 1.928 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378DDC6 Agency CMO Government National Mortgage Association 04/20/2038 06/20/2018 47,209.71 47,528.75 ---47,311.69 40.38 3.500 2.327 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38379HLE3 Agency CMO Government National Mortgage Association 05/20/2043 10/18/2018 81,399.11 81,284.65 ---83,256.64 1,977.43 3.500 1.983 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378VC45 Agency CMO Government National Mortgage Association 12/16/2041 11/23/2018 131,096.33 126,364.58 ---130,878.71 4,129.53 2.250 2.285 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377JM59 Agency CMO Government National Mortgage Association 10/20/2039 11/21/2018 67,698.16 66,005.70 ---67,636.55 1,413.11 2.500 2.492 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137B5A60 Agency CMO Freddie Mac 10/15/2028 03/20/2019 22,114.56 21,865.77 ---22,243.93 345.01 2.500 2.181 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136ADFF1 Agency CMO Federal National Mortgage Association 04/25/2023 06/10/2019 116,399.77 114,726.53 ---115,527.93 585.53 1.500 2.026 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38379JM99 Agency CMO Government National Mortgage Association 02/16/2041 08/28/2019 49,617.80 49,937.61 ---50,226.61 308.45 2.500 1.796 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381PEB0 Agency MBS Federal National Mortgage Association 11/01/2020 09/26/2014 245,996.30 259,026.42 ---246,896.65 (387.52)3.370 2.587 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138NJAE8 Agency MBS Federal National Mortgage Association 12/01/2020 ---20,571.54 20,802.98 ---20,555.09 (197.24)3.630 3.673 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381SVJ8 Agency MBS Federal National Mortgage Association 11/01/2021 02/22/2019 105,560.77 106,088.59 ---107,506.26 1,663.05 3.330 2.186 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31417YKF3 Agency MBS Federal National Mortgage Association 01/01/2030 ---118,074.58 123,736.66 ---125,875.77 2,811.19 4.500 2.187 AAA 256350023 MIM-Sr Lien Reserve Fund-1 36202F2H8 Agency MBS Government National Mortgage Association 01/20/2027 ---133,423.45 137,521.21 ---137,025.89 396.27 3.000 1.834 AAA 256350023 MIM-Sr Lien Reserve Fund-1 36178NB99 Agency MBS Government National Mortgage Association 08/15/2027 10/11/2019 37,646.16 38,063.80 ---38,163.42 102.55 2.500 1.979 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381R5T7 Agency MBS Federal National Mortgage Association 09/01/2021 08/29/2018 130,000.00 132,747.27 ---133,212.30 1,813.52 3.770 2.161 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136AC7J4 Agency MBS Federal National Mortgage Association 03/25/2023 02/21/2018 42,630.19 41,929.13 ---43,190.35 1,002.88 2.521 2.180 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138L33G8 Agency MBS Federal National Mortgage Association 06/01/2020 11/12/2015 100,000.00 99,875.00 ---99,800.00 (57.78)2.010 2.157 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137B1U75 Agency MBS Freddie Mac 01/25/2023 08/29/2016 367,856.94 382,298.20 ---371,013.15 (2,709.79)2.522 2.077 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378KWU9 Agency MBS Government National Mortgage Association 11/16/2041 ---156,610.74 148,816.07 ---153,191.92 1,738.60 1.400 2.451 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378KXW4 Agency MBS Government National Mortgage Association 02/16/2037 12/11/2014 98,236.04 97,760.21 ---97,345.03 (711.68)1.705 2.434 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137B1BS0 Agency MBS Freddie Mac 11/25/2022 07/31/2019 360,000.00 363,360.94 ---364,986.00 2,112.93 2.510 1.944 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138L1W62 Agency MBS Federal National Mortgage Association 12/01/2022 02/21/2019 163,864.44 162,891.49 ---163,395.78 374.25 2.500 2.564 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138EKXL4 Agency MBS Federal National Mortgage Association 03/01/2023 ---242,235.26 238,792.00 ---243,964.82 3,483.54 2.353 2.106 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136AHAE0 Agency MBS Federal National Mortgage Association 04/25/2023 10/28/2016 60,502.17 61,806.75 ---61,178.59 (181.33)2.651 1.863 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378B6A2 Agency MBS Government National Mortgage Association 11/16/2052 01/22/2015 111,712.49 108,190.92 ---109,568.73 (337.45)1.826 2.458 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136A7MN9 Agency MBS Federal National Mortgage Association 05/25/2022 08/29/2016 269,041.21 276,734.11 ---270,741.55 (1,118.24)2.349 1.996 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378KSL4 Agency MBS Government National Mortgage Association 12/16/2046 ---425,000.00 415,829.11 ---423,351.00 4,348.33 2.820 2.874 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381Q6B7 Agency MBS Federal National Mortgage Association 06/01/2021 07/15/2016 180,224.65 199,880.40 ---185,413.32 (577.70)4.295 2.075 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378KRS0 Agency MBS Government National Mortgage Association 07/16/2043 05/08/2015 450,000.00 434,460.94 ---448,258.50 5,478.81 2.389 2.487 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378XP62 Agency MBS Government National Mortgage Association 05/16/2055 05/14/2015 246,100.19 249,137.99 ---246,373.36 (2,166.65)2.500 2.460 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38379KDN5 Agency MBS Government National Mortgage Association 09/16/2055 08/05/2015 118,578.46 115,549.15 ---117,723.51 142.80 2.158 2.668 AAA 256350023 MIM-Sr Lien Reserve Fund-1 36179M4J6 Agency MBS Government National Mortgage Association 03/20/2028 11/20/2019 46,389.99 46,948.11 ---47,109.50 158.49 2.500 1.919 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381T4E7 Agency MBS Federal National Mortgage Association 03/01/2022 10/25/2016 254,732.81 266,146.05 ---258,189.54 (924.20)2.670 1.922 AAA 256350023 MIM-Sr Lien Reserve Fund-1 36202FA30 Agency MBS Government National Mortgage Association 09/20/2024 10/23/2019 38,393.19 40,000.90 ---40,448.76 483.97 4.500 1.242 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138EJPZ5 Agency MBS Federal National Mortgage Association 07/01/2022 08/29/2016 197,110.40 209,360.50 ---201,391.63 (1,832.54)3.022 1.901 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 06/10/2019 102,578.00 106,312.48 ---106,895.51 910.01 4.000 1.688 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137FBAJ5 Agency MBS Freddie Mac 08/25/2027 06/26/2019 200,000.00 211,593.75 ---210,796.00 (126.26)3.281 2.485 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138LFGP7 Agency MBS Federal National Mortgage Association 10/01/2028 08/07/2019 275,000.00 284,356.45 ---278,437.50 (5,547.62)2.550 2.456 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137F4D41 Agency MBS Freddie Mac 01/25/2028 04/01/2019 35,000.00 36,714.84 ---37,962.40 1,382.36 3.600 2.418 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381QB54 Agency MBS Federal National Mortgage Association 03/01/2021 11/07/2018 128,716.20 131,381.03 ---130,963.58 1,030.75 4.410 2.400 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137FNAD2 Agency MBS Freddie Mac 11/25/2028 08/01/2019 133,372.21 136,034.06 ---135,998.31 128.53 2.631 2.236 AAA 256350023 MIM-Sr Lien Reserve Fund-1 62888VAA6 CMO NCUA Guaranteed Notes Trust 2010-R1 10/07/2020 01/22/2019 79,466.76 79,494.70 ---79,613.77 134.51 2.221 2.441 AAA 256350023 MIM-Sr Lien Reserve Fund-1 CCYUSD Currency UNITED STATES OF AMERICA 12/31/2019 ---0.00 231.68 ---231.68 0.00 0.000 0.000 AAA 256350023 MIM-Sr Lien Reserve Fund-1 CCYUSD Currency UNITED STATES OF AMERICA 12/31/2019 ---0.00 (190,469.73)---(190,469.73)0.00 0.000 0.000 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31846V401 MM Fund First American Funds, Inc. - Government Obligations Fund 12/31/2019 ---0.00 227,061.65 ---227,061.65 0.00 1.070 1.060 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828V49 TIPS United States Department of The Treasury 01/15/2027 ---298,278.40 296,935.55 ---302,803.28 5,508.36 0.375 0.158 AAA 256350023 MIM-Sr Lien Reserve Fund-1 9128285W6 TIPS United States Department of The Treasury 01/15/2029 ---254,777.50 270,036.99 ---270,548.23 1,146.64 0.875 0.184 AAA 256350023 MIM-Sr Lien Reserve Fund-1 9128286N5 TIPS United States Department of The Treasury 04/15/2024 ---270,376.85 274,741.63 ---274,748.84 363.11 0.500 0.122 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828B58 US Gov United States Department of The Treasury 01/31/2021 ---1,375,000.00 1,405,890.24 ---1,382,191.25 487.98 2.125 1.636 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828G38 US Gov United States Department of The Treasury 11/15/2024 04/18/2017 1,350,000.00 1,369,037.11 ---1,385,383.50 22,797.69 2.250 1.687 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828J43 US Gov United States Department of The Treasury 02/28/2022 11/26/2019 150,000.00 150,544.92 ---150,562.50 39.99 1.750 1.573 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828XB1 US Gov United States Department of The Treasury 05/15/2025 ---1,125,000.00 1,143,342.78 ---1,148,208.75 13,005.72 2.125 1.721 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828L57 US Gov United States Department of The Treasury 09/30/2022 ---1,400,000.00 1,386,564.45 ---1,405,628.00 12,712.48 1.750 1.600 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828L99 US Gov United States Department of The Treasury 10/31/2020 ---210,000.00 208,983.98 ---209,517.00 (224.63)1.375 1.654 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828Y53 US Gov United States Department of The Treasury 07/31/2020 09/30/2019 200,000.00 199,805.08 ---199,948.00 83.93 1.569 1.633 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828YK0 US Gov United States Department of The Treasury 10/15/2022 ---670,000.00 664,428.32 ---665,919.70 1,394.38 1.375 1.599 AAA 18,251,496.89 18,428,138.96 18,495,701.00 112,171.92 61,786,662.74 62,385,571.30 62,530,263.15 202,567.03 36 Page 11 of 42 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance 256350018 MIM-RCTC 91 TIFIA Reserve 3137A6B27 FHMS K010 A2 252,460.37 - - - (1,837.82) (29.70) (1,094.53) (558.10) 248,940.22 888.88 256350018 MIM-RCTC 91 TIFIA Reserve 912828B58 UNITED STATES TREASURY 1,506,855.00 - - - - - (976.87) 1,966.87 1,507,845.00 13,338.99 256350018 MIM-RCTC 91 TIFIA Reserve 3137FL6P4 FHMS K089 A2 305,637.75 - - - - - (796.32) (6,867.93) 297,973.50 816.52 256350018 MIM-RCTC 91 TIFIA Reserve 31381Q6B7 FN 468066 187,477.84 - - - (904.61) (22.95) (761.31) (375.64) 185,413.32 666.56 256350018 MIM-RCTC 91 TIFIA Reserve 3137AH6C7 FHMS K015 A2 342,407.10 - - - (2,107.31) (30.24) (729.93) 150.13 339,689.76 903.25 256350018 MIM-RCTC 91 TIFIA Reserve 3137A2B26 FHMS K009 A2 221,577.48 - - - (1,537.97) (10.86) (721.23) (403.13) 218,904.29 691.11 256350018 MIM-RCTC 91 TIFIA Reserve 3138EJRP5 FN AL2293 155,435.07 - - - (762.62) (17.94) (647.43) (169.77) 153,837.30 562.96 256350018 MIM-RCTC 91 TIFIA Reserve 3137AJMF8 FHMS K016 A2 335,801.52 - - - (1,873.32) (23.96) (646.70) (73.76) 333,183.78 814.10 256350018 MIM-RCTC 91 TIFIA Reserve 3130AFFX0 FEDERAL HOME LOAN BANKS 222,880.00 - - - - - (564.99) (3,593.01) 218,722.00 812.50 256350018 MIM-RCTC 91 TIFIA Reserve 38378CNY9 GNR 127E MD 202,130.00 - - - - - (552.08) 54.08 201,632.00 583.33 256350018 MIM-RCTC 91 TIFIA Reserve 3137EADB2 FREDDIE MAC 507,700.00 - - - - - (544.88) 554.88 507,710.00 5,541.67 256350018 MIM-RCTC 91 TIFIA Reserve 3138EJPZ5 FN AL2239 228,426.59 - - - (1,456.62) (32.41) (518.05) 146.08 226,565.59 577.05 256350018 MIM-RCTC 91 TIFIA Reserve 912828XB1 UNITED STATES TREASURY 462,726.00 - - - - - (510.32) (2,932.18) 459,283.50 1,234.72 256350018 MIM-RCTC 91 TIFIA Reserve 912828L57 UNITED STATES TREASURY 1,004,960.00 - - - - - (502.67) (437.33) 1,004,020.00 4,446.72 256350018 MIM-RCTC 91 TIFIA Reserve 3137BM6P6 FHMS K721 A2 204,542.00 - - - - - (485.26) 159.26 204,216.00 515.00 256350018 MIM-RCTC 91 TIFIA Reserve 3620ARB67 GN 737261 228,547.18 - - - (14,560.76) (504.56) (381.16) 690.31 213,791.02 683.85 256350018 MIM-RCTC 91 TIFIA Reserve 3137BP4K2 FHMS KIR1 A2 209,302.00 - - - - - (377.72) (2,584.28) 206,340.00 474.83 256350018 MIM-RCTC 91 TIFIA Reserve 3137F4D41 FHMS K074 A2 165,709.50 - - - - - (362.22) (2,651.28) 162,696.00 450.00 256350018 MIM-RCTC 91 TIFIA Reserve 3138L2QG5 FN AM2254 280,213.72 - - - (2,226.89) (134.43) (348.00) (4,130.33) 273,374.07 680.06 256350018 MIM-RCTC 91 TIFIA Reserve 31381R5T7 FN 468958 104,005.76 - - - - - (341.61) (168.44) 103,495.71 327.89 256350018 MIM-RCTC 91 TIFIA Reserve 3137FBAJ5 FHMS KIR3 A2 216,298.00 - - - - - (336.56) (5,165.44) 210,796.00 546.83 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1BS0 FHMS K026 A2 400,960.55 - - - - - (330.67) (159.13) 400,470.75 826.21 256350018 MIM-RCTC 91 TIFIA Reserve 31419AM53 FN AE0379 123,449.29 - - - (14,599.30) (482.75) (325.22) 123.59 108,165.60 479.85 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1UG5 FHMS K027 A2 203,880.00 - - - - - (316.87) (175.13) 203,388.00 439.50 256350018 MIM-RCTC 91 TIFIA Reserve 3137F4CY6 FHMS KBX1 A1 198,285.90 - - - - - (293.73) (1,345.97) 196,646.20 462.33 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1BS0 FHMS K026 A2 253,772.50 - - - - - (282.86) (27.14) 253,462.50 522.92 256350018 MIM-RCTC 91 TIFIA Reserve 31397UPF0 FNA 11M1 A3 305,473.39 - - - (56,179.11) (738.20) (276.89) (714.11) 247,565.08 765.16 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1U75 FHMS KS01 A2 379,582.50 - - - (11,983.29) (100.35) (266.16) (1,101.30) 366,131.40 762.94 256350018 MIM-RCTC 91 TIFIA Reserve 3137ATRW4 FHMS K020 A2 302,613.00 - - - - - (265.84) 16.84 302,364.00 593.25 256350018 MIM-RCTC 91 TIFIA Reserve 3137ABFH9 FHMS KAIV A2 83,135.97 - - - - - (265.22) (235.36) 82,635.39 269.26 256350018 MIM-RCTC 91 TIFIA Reserve 3620A9T35 GN 723370 183,207.82 - - - (13,920.52) (447.44) (256.91) 449.67 169,032.61 540.88 256350018 MIM-RCTC 91 TIFIA Reserve 3138LFGP7 FN AN2905 308,832.00 - - - - - (250.10) (4,831.90) 303,750.00 658.75 256350018 MIM-RCTC 91 TIFIA Reserve 3137ABFH9 FHMS KAIV A2 69,793.16 - - - - - (218.60) (201.64) 69,372.92 226.04 256350018 MIM-RCTC 91 TIFIA Reserve 3137AXHP1 FHMS K024 A2 152,436.00 - - - - - (194.20) 15.70 152,257.50 321.63 256350018 MIM-RCTC 91 TIFIA Reserve 36297GCD0 GN 711168 108,351.82 - - - (7,285.48) (283.19) (193.43) 281.70 100,871.42 366.92 256350018 MIM-RCTC 91 TIFIA Reserve 38376V2E6 GNR 1019B UA 130,665.56 - - - (8,902.28) (353.58) (181.84) (121.27) 121,106.58 385.24 256350018 MIM-RCTC 91 TIFIA Reserve 3137AUPE3 FHMS K021 A2 201,920.00 - - - - - (179.82) (64.18) 201,676.00 399.33 256350018 MIM-RCTC 91 TIFIA Reserve 3137BJQ71 FHMS KPLB A - 206,296.88 - - - - (179.14) (431.74) 205,686.00 461.67 256350018 MIM-RCTC 91 TIFIA Reserve 38374C4J7 GNR 0385G TW 72,211.90 - - - (24,728.90) (199.17) (176.70) (76.52) 47,030.61 213.86 256350018 MIM-RCTC 91 TIFIA Reserve 3138LFP51 FN AN3143 205,838.00 - - - (551.75) (20.54) (176.09) (3,126.32) 201,963.29 441.39 256350018 MIM-RCTC 91 TIFIA Reserve 31381SVJ8 FN 469617 86,929.14 - - - (567.66) (8.44) (171.22) (176.82) 86,005.01 242.16 256350018 MIM-RCTC 91 TIFIA Reserve 3137BSRZ8 FHMS KJ09 A2 187,829.97 - - - (5,383.01) (99.86) (151.16) (386.91) 181,809.03 422.36 256350018 MIM-RCTC 91 TIFIA Reserve 3620C4SU5 GN 748531 103,996.06 - - - (6,953.10) (248.11) (138.34) 283.75 96,940.27 310.08 256350018 MIM-RCTC 91 TIFIA Reserve 3620AFYR2 GN 728920 108,691.23 - - - (8,614.90) (271.40) (135.99) 243.08 99,912.02 319.69 256350018 MIM-RCTC 91 TIFIA Reserve 3137FNAD2 FHMS K095 A1 155,708.33 - - - (1,669.41) (31.98) (124.50) (2,773.20) 151,109.24 324.91 256350018 MIM-RCTC 91 TIFIA Reserve 3136G4TH6 FEDERAL NATIONAL MORTGAGE ASSOCIATION 300,159.00 - - - - - (115.75) (31.25) 300,012.00 909.33 256350018 MIM-RCTC 91 TIFIA Reserve 3136AGFQ0 FNR 1392B A 187,040.71 - - - (17,555.68) (207.40) (111.70) 31.21 169,197.13 487.09 256350018 MIM-RCTC 91 TIFIA Reserve 3137BLAC2 FHMS K048 A2 - 63,738.28 - - - - (100.34) (360.15) 63,277.80 164.20 256350018 MIM-RCTC 91 TIFIA Reserve 3137BLAC2 FHMS K048 A2 - 95,909.77 - - - - (86.35) (906.72) 94,916.70 246.30 256350018 MIM-RCTC 91 TIFIA Reserve 38377REV3 GNR 10158C HA 87,756.37 - - - (7,995.65) (151.51) (72.10) (126.55) 79,410.55 227.45 256350018 MIM-RCTC 91 TIFIA Reserve 3137BDKF2 FHR 4384A LA 54,073.43 - - - (3,934.12) (83.67) (69.89) (273.67) 49,712.08 141.97 256350018 MIM-RCTC 91 TIFIA Reserve 38376GY53 GNR 1195 C 70,380.38 - - - (2,081.09) (4.94) (64.95) 94.42 68,323.82 199.62 256350018 MIM-RCTC 91 TIFIA Reserve 3136A7MN9 FNA 12M8 A2 159,464.35 - - - (10,133.56) (78.08) (58.02) (286.84) 148,907.84 289.70 256350018 MIM-RCTC 91 TIFIA Reserve 31397ALN1 FHR 3196C FA 190,603.70 - - - (17,706.41) 16.73 (55.56) 16.06 172,874.52 160.53 256350018 MIM-RCTC 91 TIFIA Reserve 3137B3HX9 FHR 4231C FB 101,596.59 - - - (9,114.10) 34.20 (53.83) (38.53) 92,424.33 89.59 256350018 MIM-RCTC 91 TIFIA Reserve 38376PRM4 GNR 09118C YE 36,787.93 - - - (14,238.90) (53.40) (48.05) (45.66) 22,401.92 74.37 256350018 MIM-RCTC 91 TIFIA Reserve 36202FA30 G2 004526 - 45,426.41 - - (1,868.92) (79.98) (37.53) 526.06 43,966.04 156.49 256350018 MIM-RCTC 91 TIFIA Reserve 3137BDKF2 FHR 4384A LA 24,196.31 - - - (1,760.40) (30.56) (27.35) (133.26) 22,244.73 63.53 256350018 MIM-RCTC 91 TIFIA Reserve 38378WUY7 GNR 13124F CP 182,299.47 - - - (18,678.29) (26.81) (26.82) (73.04) 163,494.51 338.74 256350018 MIM-RCTC 91 TIFIA Reserve 3138EKXL4 FN AL3382 52,470.37 - - - (2,767.46) (28.23) (18.54) (203.82) 49,452.33 99.49 256350018 MIM-RCTC 91 TIFIA Reserve 38379JM99 GNR 1545E AG 59,130.63 - - - (4,916.50) (30.68) (16.59) (76.67) 54,090.20 111.32 256350018 MIM-RCTC 91 TIFIA Reserve 38377QKH9 GNR 1118A PG 56,197.56 - - - (4,168.42) (75.78) (15.72) (164.43) 51,773.22 127.18 256350018 MIM-RCTC 91 TIFIA Reserve 3136AGZA3 FNR 13101E A 31,883.97 - - - (3,521.53) (21.73) (12.41) (39.07) 28,289.24 70.03 256350018 MIM-RCTC 91 TIFIA Reserve 38378TAF7 GNR 1371A GA 120,989.54 - - - (9,137.48) (16.08) (11.10) (37.95) 111,786.94 230.64 256350018 MIM-RCTC 91 TIFIA Reserve 36178NB99 GN AB2764 - 53,012.37 - - (2,235.83) (24.85) (3.88) 136.75 50,884.56 104.57 256350018 MIM-RCTC 91 TIFIA Reserve 3138NJAE8 FN FN0004 - 29,876.11 - - (8,985.90) (81.88) (1.85) (251.40) 20,555.09 64.30 256350018 MIM-RCTC 91 TIFIA Reserve 31846V401 FIRST AMER:GVT OBLG D 281,648.75 1,333,628.43 (1,344,381.27) - - - - - 270,895.91 - 256350018 MIM-RCTC 91 TIFIA Reserve CCYUSD Payable (225,556.81) - - - - - - - (201,051.38) - 256350018 MIM-RCTC 91 TIFIA Reserve 38378FRB8 GNR 135A JE - 201,028.71 - - - - - (577.91) 200,450.80 22.67 256350018 MIM-RCTC 91 TIFIA Reserve 62888VAA6 NGN 10R1 1A 21,855.76 - - - (2,251.83) 0.78 1.87 24.22 19,630.79 31.43 256350018 MIM-RCTC 91 TIFIA Reserve 38378JZD7 GNR 1347A EC - 44,733.05 - - (2,559.24) 32.01 11.00 678.38 42,895.20 53.43 256350018 MIM-RCTC 91 TIFIA Reserve 36179M4J6 G2 MA0825 - 191,154.30 - - (3,321.86) (40.58) 12.18 633.95 188,437.99 386.58 256350018 MIM-RCTC 91 TIFIA Reserve 38377RED3 GNR 10158A EC - 210,176.02 - - - - 12.46 (258.26) 209,930.23 434.41 256350018 MIM-RCTC 91 TIFIA Reserve 38376WA62 GNR 1015C PD - 98,856.43 - - - - 33.49 (1,773.27) 97,116.65 314.11 256350018 MIM-RCTC 91 TIFIA Reserve 38378BCG2 GNR 122 AB 65,602.84 - (64,238.72) - (1,394.37) 306.22 35.20 (311.16) - - 256350018 MIM-RCTC 91 TIFIA Reserve 912828YK0 UNITED STATES TREASURY - 223,549.80 - - - - 35.55 44.40 223,629.75 659.32 256350018 MIM-RCTC 91 TIFIA Reserve 3137FGZN8 FHMS KI02 A 268,985.38 - - - (80,197.98) 100.55 36.03 (117.85) 188,806.13 72.88 256350018 MIM-RCTC 91 TIFIA Reserve 36202F2H8 G2 005276 - 212,294.03 - - - - 43.53 435.56 212,773.12 517.95 256350018 MIM-RCTC 91 TIFIA Reserve 38377YTL4 GNR 11136D GA 216,400.65 - - - (18,096.58) 218.08 59.27 (3.54) 198,577.89 334.77 256350018 MIM-RCTC 91 TIFIA Reserve 912828Y53 UNITED STATES TREASURY 224,772.75 - (99,956.71) - - 25.00 66.04 60.42 124,967.50 344.27 91 CIP STAMP Portfolio Transaction Report by Account Quarter ended December 31, 2019 ATTACHMENT 4 37 Page 12 of 42 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance 91 CIP STAMP Portfolio Transaction Report by Account Quarter ended December 31, 2019 256350018 MIM-RCTC 91 TIFIA Reserve 3137B6DF5 FHR 4272E YG 188,728.54 - - - (13,278.74) 132.38 69.32 (57.63) 175,593.87 291.56 256350018 MIM-RCTC 91 TIFIA Reserve 3137AS7D0 FHR 4084A TC 197,449.28 - - - (25,186.05) 181.69 91.26 (86.07) 172,450.11 287.25 256350018 MIM-RCTC 91 TIFIA Reserve 38378KW47 GNR 13138 A 306,426.26 - - - (73,767.21) 329.06 119.34 447.69 233,555.14 418.81 256350018 MIM-RCTC 91 TIFIA Reserve 38378BSZ3 GNR 1253A A 250,779.30 - - - (3,421.28) 17.25 119.89 (148.39) 247,346.77 443.15 256350018 MIM-RCTC 91 TIFIA Reserve 3136A5KR6 FNR 1231G AD 193,406.59 - - - (38,629.53) 254.90 128.08 50.41 155,210.45 227.02 256350018 MIM-RCTC 91 TIFIA Reserve 38378KWU9 GNR 1396 A 35,183.06 - - - (330.09) 14.28 136.28 (187.18) 34,816.35 41.53 256350018 MIM-RCTC 91 TIFIA Reserve 3136ADFF1 FNR 1336D KC 134,413.71 - - - (12,508.16) 168.90 159.11 90.13 122,323.69 154.06 256350018 MIM-RCTC 91 TIFIA Reserve 9128285W6 UNITED STATES TREASURY 129,308.67 - - - - - 198.04 356.44 129,863.15 494.32 256350018 MIM-RCTC 91 TIFIA Reserve 9128285W6 UNITED STATES TREASURY 150,860.12 - - - - - 208.14 438.75 151,507.01 576.71 256350018 MIM-RCTC 91 TIFIA Reserve 38378KWU9 GNR 1396 A 59,811.21 - - - (561.16) 22.78 211.58 (296.62) 59,187.79 70.59 256350018 MIM-RCTC 91 TIFIA Reserve 3137AWQG3 FHMS K023 A1 307,902.98 - - - (28,752.53) 284.41 245.71 (29.34) 279,651.24 370.49 256350018 MIM-RCTC 91 TIFIA Reserve 38378NWU3 GNR 1417A AM 169,985.91 - - - (10,298.91) (154.00) 271.87 (881.97) 158,922.90 330.09 256350018 MIM-RCTC 91 TIFIA Reserve 3137EADR7 FREDDIE MAC 174,485.50 - - - - - 308.23 45.27 174,839.00 401.04 256350018 MIM-RCTC 91 TIFIA Reserve 3136AHAE0 FNA 13M14 APT 136,113.38 - - - (60,758.08) (470.00) 330.48 (2,041.40) 73,174.39 159.87 256350018 MIM-RCTC 91 TIFIA Reserve 38378BXQ7 GNR 1289 A 241,471.92 - - - (41,836.97) 286.27 354.85 28.11 200,304.19 258.18 256350018 MIM-RCTC 91 TIFIA Reserve 9128286N5 UNITED STATES TREASURY 298,530.75 - - - - - 659.30 1,478.50 300,668.55 315.29 256350018 MIM-RCTC 91 TIFIA Reserve 912828V49 UNITED STATES TREASURY 311,187.80 - - - - - 846.53 1,583.35 313,617.69 535.17 256350018 MIM-RCTC 91 TIFIA Reserve 3135G0D75 FEDERAL NATIONAL MORTGAGE ASSOCIATION 648,186.50 - - - - - 903.88 454.62 649,545.00 243.75 256350018 MIM-RCTC 91 TIFIA Reserve 912828UH1 UNITED STATES TREASURY 661,078.68 - (665,059.92) - - 914.92 976.23 2,090.08 - - 256350018 MIM-RCTC 91 TIFIA Reserve 912828L99 UNITED STATES TREASURY 1,294,007.00 - - - - - 1,461.89 1,541.11 1,297,010.00 3,044.64 20,130,713.76 3,009,680.59 (2,173,636.62)0.00 (746,557.44)(2,411.79)(10,413.08)(39,456.97)20,192,423.87 62,504.97 256350021 MIM-RCTC 2013 Residual Fund 61747WAF6 MORGAN STANLEY 104,638.00 - - - - - (705.91) (75.09) 103,857.00 2,491.67 256350021 MIM-RCTC 2013 Residual Fund 38141EA58 GOLDMAN SACHS GROUP INC 101,438.00 - - - - - (693.93) (66.07) 100,678.00 1,582.64 256350021 MIM-RCTC 2013 Residual Fund 61747WAF6 MORGAN STANLEY 104,638.00 - - - - - (680.18) (100.82) 103,857.00 2,491.67 256350021 MIM-RCTC 2013 Residual Fund 3137AYCE9 FHMS K025 A2 367,196.40 - - - - - (665.76) (482.64) 366,048.00 804.60 256350021 MIM-RCTC 2013 Residual Fund 06051GEC9 BANK OF AMERICA CORP 102,665.00 - - - - - (572.21) (257.79) 101,835.00 2,812.50 256350021 MIM-RCTC 2013 Residual Fund 06051GEC9 BANK OF AMERICA CORP 102,665.00 - - - - - (570.98) (259.02) 101,835.00 2,812.50 256350021 MIM-RCTC 2013 Residual Fund 38141EA58 GOLDMAN SACHS GROUP INC 101,438.00 - - - - - (528.49) (231.51) 100,678.00 1,582.64 256350021 MIM-RCTC 2013 Residual Fund 3137ABFH9 FHMS KAIV A2 211,432.22 - - - - - (440.14) (832.94) 210,159.14 684.78 256350021 MIM-RCTC 2013 Residual Fund 912828L57 UNITED STATES TREASURY 527,604.00 - - - - - (384.13) (109.37) 527,110.50 2,334.53 256350021 MIM-RCTC 2013 Residual Fund 912828B58 UNITED STATES TREASURY - 1,186,222.66 - - - - (374.00) 322.74 1,186,171.40 10,493.34 256350021 MIM-RCTC 2013 Residual Fund 31397LUK3 FNR 0845C DB 141,166.55 - - - (22,309.66) (288.81) (308.19) 43.00 118,302.88 434.04 256350021 MIM-RCTC 2013 Residual Fund 83050PBJ7 Skandinaviska Enskilda Banken AB (publ.)- 500,284.51 - (500,000.00) - - (284.51) - - - 256350021 MIM-RCTC 2013 Residual Fund 912828L57 UNITED STATES TREASURY 422,083.20 - - - - - (245.31) (149.49) 421,688.40 1,867.62 256350021 MIM-RCTC 2013 Residual Fund 31381QB54 FN 467260 101,591.02 - - - (586.69) (6.36) (244.07) (348.48) 100,405.42 374.75 256350021 MIM-RCTC 2013 Residual Fund 38013FAD3 GMCAR 184 A3 76,327.50 - - - - - (242.73) 193.98 76,278.75 100.31 256350021 MIM-RCTC 2013 Residual Fund 912828L57 UNITED STATES TREASURY 276,364.00 - - - - - (203.97) (54.53) 276,105.50 1,222.85 256350021 MIM-RCTC 2013 Residual Fund 3136AMM48 FNA 15M4B AV2 356,669.66 - - - (6,189.08) (31.89) (201.91) (1,169.30) 349,077.49 725.64 256350021 MIM-RCTC 2013 Residual Fund 4581X0CZ9 INTER-AMERICAN DEVELOPMENT BANK 651,917.50 - - - - - (170.42) (226.08) 651,521.00 3,380.90 256350021 MIM-RCTC 2013 Residual Fund 38377REV3 GNR 10158C HA 175,512.73 - - - (15,991.30) (303.02) (144.20) (253.11) 158,821.11 454.90 256350021 MIM-RCTC 2013 Residual Fund 12596EAC8 CNH 18B A3 - 193,102.34 - - - - (143.10) (27.54) 192,931.70 269.38 256350021 MIM-RCTC 2013 Residual Fund 912828L57 UNITED STATES TREASURY - 832,399.22 - - - - (135.10) 1,072.48 833,336.60 3,690.78 256350021 MIM-RCTC 2013 Residual Fund 26208RAD7 DRIVE 192 A3 - 150,738.28 - - - - (129.53) 285.25 150,894.00 202.67 256350021 MIM-RCTC 2013 Residual Fund 3620ARB67 GN 737261 74,849.20 - - - (4,768.66) (165.23) (124.83) 226.08 70,016.55 223.96 256350021 MIM-RCTC 2013 Residual Fund 31397UPF0 FNA 11M1 A3 152,736.70 - - - (28,089.55) (291.09) (122.06) (451.46) 123,782.54 382.58 256350021 MIM-RCTC 2013 Residual Fund 3137ATRW4 FHMS K020 A2 100,871.00 - - - - - (119.20) 36.20 100,788.00 197.75 256350021 MIM-RCTC 2013 Residual Fund 17305EGK5 CCCIT 18A1 A1 100,736.00 - - - - - (103.58) 56.58 100,689.00 1,113.58 256350021 MIM-RCTC 2013 Residual Fund 3137A1N90 FHMS K008 A2 64,262.86 - - - (749.28) (0.91) (96.10) (161.89) 63,254.68 185.77 256350021 MIM-RCTC 2013 Residual Fund 31358TPC7 FNR G935 F 98,813.49 - - - (9,099.09) (7.26) (92.72) 54.35 89,668.77 39.37 256350021 MIM-RCTC 2013 Residual Fund 31381RZ23 FN 468861 62,043.43 - - - (349.29) (3.25) (73.67) (221.30) 61,395.92 198.96 256350021 MIM-RCTC 2013 Residual Fund 31394GUX9 FHR 2666B OD 33,412.64 - - - (3,187.76) (126.33) (70.39) (6.19) 30,021.97 131.25 256350021 MIM-RCTC 2013 Residual Fund 31381RLL6 FN 468431 53,795.60 - - - (281.22) (2.52) (68.79) (193.61) 53,249.47 172.59 256350021 MIM-RCTC 2013 Residual Fund 17305EFM2 CCCIT 14A1 A1 - 111,211.72 - - - - (55.30) (31.12) 111,125.30 1,408.00 256350021 MIM-RCTC 2013 Residual Fund 87165LBB6 SYNCT 162 A 160,531.20 - - - - - (54.03) 177.23 160,654.40 157.16 256350021 MIM-RCTC 2013 Residual Fund 31381SVJ8 FN 469617 86,929.13 - - - (567.66) (1.77) (53.79) (300.92) 86,005.00 242.16 256350021 MIM-RCTC 2013 Residual Fund 17305EFM2 CCCIT 14A1 A1 - 90,998.44 - - - - (45.57) (32.17) 90,920.70 1,152.00 256350021 MIM-RCTC 2013 Residual Fund 86787EAS6 SUNTRUST BANK 100,116.00 - (100,068.00) - - 24.82 (40.42) (32.40) - - 256350021 MIM-RCTC 2013 Residual Fund 3140J6DU8 FN BM1914 214,231.84 - - - (11,143.44) (74.45) (39.65) 698.84 203,673.15 418.71 256350021 MIM-RCTC 2013 Residual Fund 62888UAB6 NGN 10R2 2A 162,263.21 - - - (13,683.71) (12.63) (34.95) (186.15) 148,345.78 263.47 256350021 MIM-RCTC 2013 Residual Fund 02582JHJ2 AMXCA 176 A - 200,375.00 - - - - (32.51) (36.49) 200,306.00 181.33 256350021 MIM-RCTC 2013 Residual Fund 69371RP34 PACCAR FINANCIAL CORP 200,116.00 - - - - - (31.12) 163.12 200,248.00 600.18 256350021 MIM-RCTC 2013 Residual Fund 3137APP61 FHMS K018 A2 15,192.60 - - - (50.59) (0.74) (30.59) 1.82 15,112.51 34.74 256350021 MIM-RCTC 2013 Residual Fund 31418CQM9 FN MA3159 61,484.25 - - - (4,016.16) (101.57) (27.86) 216.88 57,555.55 140.09 256350021 MIM-RCTC 2013 Residual Fund 3132G5AV1 FH U79019 - 76,970.40 - - (2,489.92) (46.81) (26.42) 505.84 74,913.09 182.66 256350021 MIM-RCTC 2013 Residual Fund 38378CDK0 GNR 11169G AK 22,507.65 - - - (7,132.28) (20.45) (24.81) 15.09 15,345.20 38.28 256350021 MIM-RCTC 2013 Residual Fund 38378AWX5 GNR 11157E QA 20,268.43 - - - (3,795.87) (17.96) (22.06) 13.38 16,445.92 40.88 256350021 MIM-RCTC 2013 Residual Fund 9128286U9 UNITED STATES TREASURY - 121,303.13 - - - - (21.83) 199.50 121,480.80 329.26 256350021 MIM-RCTC 2013 Residual Fund 3138EKXL4 FN AL3382 55,968.39 - - - (2,951.96) (30.11) (19.77) (217.40) 52,749.15 106.12 256350021 MIM-RCTC 2013 Residual Fund 31416BVR6 FN 995324 13,948.66 - (9,555.26) - (4,003.66) (40.51) (17.73) (331.50) 0.01 - 256350021 MIM-RCTC 2013 Residual Fund 912828Y53 UNITED STATES TREASURY 344,651.55 - (74,910.53) - - (101.56) (15.72) 306.06 269,929.80 743.62 256350021 MIM-RCTC 2013 Residual Fund 912828VV9 UNITED STATES TREASURY - 953,154.30 - - - - (12.87) (243.93) 952,897.50 6,821.60 256350021 MIM-RCTC 2013 Residual Fund 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 220,114.40 - - - - - (10.73) (64.07) 220,039.60 444.89 256350021 MIM-RCTC 2013 Residual Fund 36178NB99 GN AB2764 - 132,530.93 - - (5,589.58) (62.12) (9.69) 341.87 127,211.41 261.43 256350021 MIM-RCTC 2013 Residual Fund 3137A5FP4 FHR 3791E DA 28,072.90 - - - (3,305.67) (2.64) (6.72) 14.89 24,772.75 51.41 256350021 MIM-RCTC 2013 Residual Fund 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 65,033.80 - - - - - (5.52) (16.58) 65,011.70 131.44 256350021 MIM-RCTC 2013 Residual Fund 912828Y53 UNITED STATES TREASURY 299,697.00 - (299,642.10) - - (375.19) (1.75) 322.05 - - 256350021 MIM-RCTC 2013 Residual Fund 477870AB5 JDOT 19B A2 90,207.00 - - - - - (0.89) (11.71) 90,194.40 85.50 256350021 MIM-RCTC 2013 Residual Fund 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 15,007.80 - - - - - (0.76) (4.34) 15,002.70 30.33 256350021 MIM-RCTC 2013 Residual Fund 3136A72D3 FNA 12M9 A2 29,875.12 - - - (3,285.34) (19.02) (0.73) (154.21) 26,415.82 54.32 38 Page 13 of 42 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance 91 CIP STAMP Portfolio Transaction Report by Account Quarter ended December 31, 2019 256350021 MIM-RCTC 2013 Residual Fund 912828J43 UNITED STATES TREASURY - 125,463.87 - - - - (0.56) 5.44 125,468.75 739.18 256350021 MIM-RCTC 2013 Residual Fund 3136A72D3 FNA 12M9 A2 6,638.91 - - - (730.07) (4.20) (0.15) (34.31) 5,870.18 12.07 256350021 MIM-RCTC 2013 Residual Fund 31846V401 FIRST AMER:GVT OBLG D 712,819.77 7,971,484.34 (8,653,937.20) - - - - - 30,366.91 - 256350021 MIM-RCTC 2013 Residual Fund CCYUSD Cash (0.00) - - - - - - - (0.00) - 256350021 MIM-RCTC 2013 Residual Fund CCYUSD Payable (652,635.75) - - - - - - - - - 256350021 MIM-RCTC 2013 Residual Fund 658886DZ6 NORTH DAKOTA ST HSG FIN AGY MTG REV 100,000.00 - - - - - - - 100,000.00 1,008.80 256350021 MIM-RCTC 2013 Residual Fund 56052FHZ1 MAINE ST HSG AUTH MTG PUR 100,000.00 - - - - - - - 100,000.00 213.29 256350021 MIM-RCTC 2013 Residual Fund 86787EBD8 SUNTRUST BANK 50,125.50 - - - - - - 113.50 50,239.00 152.42 256350021 MIM-RCTC 2013 Residual Fund 14913Q2X6 CATERPILLAR FINANCIAL SERVICES CORP 120,274.80 - - - - - - 79.20 120,354.00 336.47 256350021 MIM-RCTC 2013 Residual Fund 62888VAA6 NGN 10R1 1A 0.01 - - - - (0.00) - - 0.01 - 256350021 MIM-RCTC 2013 Residual Fund 025816CE7 AMERICAN EXPRESS CO 100,320.00 - - - - - - 322.00 100,642.00 293.88 256350021 MIM-RCTC 2013 Residual Fund 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 15,007.80 - - - - - - (5.10) 15,002.70 30.33 256350021 MIM-RCTC 2013 Residual Fund 072024WW8 BAY AREA TOLL AUTH CALIF TOLL BRDG REV 95,186.20 - - - - - - 21.85 95,208.05 533.48 256350021 MIM-RCTC 2013 Residual Fund 783186TZ2 RUTGERS ST UNIV N J - 105,000.00 - - - - - (7.35) 104,992.65 401.97 256350021 MIM-RCTC 2013 Residual Fund 17308CC46 CITIGROUP INC - 195,000.00 - - - - - 606.45 195,606.45 713.83 256350021 MIM-RCTC 2013 Residual Fund 47789JAB2 JDOT 2019 A2 105,484.05 - - - (16,058.58) 0.31 0.37 (195.68) 89,230.48 112.66 256350021 MIM-RCTC 2013 Residual Fund 3137A1LC5 FHR 3710F AB 3,372.78 - - - (1,850.64) 2.69 0.48 2.47 1,527.78 2.55 256350021 MIM-RCTC 2013 Residual Fund 3137APP53 FHMS K018 A1 1,680.57 - - - (1,683.65) 5.36 0.53 (2.81) - - 256350021 MIM-RCTC 2013 Residual Fund 14315PAB1 CARMX 193 A2A 120,254.40 - - - - - 1.08 13.32 120,268.80 117.87 256350021 MIM-RCTC 2013 Residual Fund 31680YAB3 FITAT 191 A2A 155,601.40 - - - (23,973.82) 0.72 1.17 (190.55) 131,438.92 154.90 256350021 MIM-RCTC 2013 Residual Fund 26209AAE1 DRIVE 194 B 79,900.00 - - - - - 1.19 129.21 80,030.40 79.29 256350021 MIM-RCTC 2013 Residual Fund 9128285H9 UNITED STATES TREASURY 399,368.00 - (99,931.49) - - (67.18) 1.37 485.30 299,856.00 827.27 256350021 MIM-RCTC 2013 Residual Fund 65478LAB5 NALT 19B A2A 80,126.40 - - - - - 1.55 18.45 80,146.40 80.71 256350021 MIM-RCTC 2013 Residual Fund 38375CBH2 GNR 1257F LD 25,307.73 - - - (25,348.78) 68.83 1.82 (29.60) - - 256350021 MIM-RCTC 2013 Residual Fund 637432MU6 NATIONAL RURAL UTILITIES COOP FINANCE CORP 200,314.00 - (200,364.00) - - 378.91 5.22 (334.13) - - 256350021 MIM-RCTC 2013 Residual Fund 254010AC5 DIGNITY HEALTH 24,000.48 - - (24,000.00) - - 5.40 (5.88) - - 256350021 MIM-RCTC 2013 Residual Fund 05531FBJ1 BB&T CORP 164,902.65 - - - - - 8.53 1,184.42 166,095.60 1,058.75 256350021 MIM-RCTC 2013 Residual Fund 3138L8H23 FN AM7448 68,195.70 - - - (390.47) 1.17 9.10 (0.83) 67,814.67 159.65 256350021 MIM-RCTC 2013 Residual Fund 3137B1UF7 FHMS K027 A1 14,259.36 - - - (1,230.01) 11.87 10.09 (9.97) 13,041.34 19.42 256350021 MIM-RCTC 2013 Residual Fund 36179M4J6 G2 MA0825 - 159,295.25 - - (2,768.22) (33.82) 10.15 528.29 157,031.66 322.15 256350021 MIM-RCTC 2013 Residual Fund 3128MMPP2 FH G18429 232,843.44 - - - (15,247.90) 65.82 13.01 504.54 218,178.92 448.32 256350021 MIM-RCTC 2013 Residual Fund 3128MMPY3 FH G18438 213,736.12 - - - (12,976.34) 55.23 13.50 478.13 201,306.64 413.63 256350021 MIM-RCTC 2013 Residual Fund 172967LC3 CITIGROUP INC 253,687.50 - - - - - 14.61 405.39 254,107.50 463.19 256350021 MIM-RCTC 2013 Residual Fund 3137AXHN6 FHMS K024 A1 24,345.24 - - - (2,440.75) 21.11 17.10 (9.77) 21,932.92 32.02 256350021 MIM-RCTC 2013 Residual Fund 36202F2H8 G2 005276 - 93,409.37 - - - - 19.15 191.65 93,620.17 227.90 256350021 MIM-RCTC 2013 Residual Fund 172967LC3 CITIGROUP INC 202,950.00 - - - - - 20.23 315.77 203,286.00 370.56 256350021 MIM-RCTC 2013 Residual Fund 3137AWQG3 FHMS K023 A1 19,243.94 - - - (1,797.04) 23.41 20.76 (12.87) 17,478.20 23.16 256350021 MIM-RCTC 2013 Residual Fund 3138L2GH4 FN AM1999 34,541.45 - - - (231.51) 1.14 26.70 (54.80) 34,282.98 55.29 256350021 MIM-RCTC 2013 Residual Fund 3137A2PV7 FHR 3760D BA 30,458.46 - - - (2,148.72) 34.12 29.83 (386.94) 27,986.75 35.26 256350021 MIM-RCTC 2013 Residual Fund 3137B2GW4 FHMS K713 A2 91,822.03 - - - (51,033.89) 116.36 30.24 (106.60) 40,828.14 78.80 256350021 MIM-RCTC 2013 Residual Fund 3137AWQG3 FHMS K023 A1 28,865.90 - - - (2,695.55) 35.51 31.46 (20.02) 26,217.30 34.73 256350021 MIM-RCTC 2013 Residual Fund 912828YK0 UNITED STATES TREASURY - 178,741.41 - - - - 33.13 129.26 178,903.80 527.46 256350021 MIM-RCTC 2013 Residual Fund 31677QBK4 FIFTH THIRD BANK (OHIO)200,374.00 - - - - - 35.40 (67.40) 200,342.00 745.56 256350021 MIM-RCTC 2013 Residual Fund 3138L1W62 FN AM1568 125,542.53 - - - (609.67) 3.29 40.79 (27.23) 124,949.72 269.76 256350021 MIM-RCTC 2013 Residual Fund 50000EX33 Koch Industries, Inc.374,958.75 - - (375,000.00) - - 42.50 (1.25) - - 256350021 MIM-RCTC 2013 Residual Fund 65478DAD9 NAROT 18A A3 85,402.05 - - - (1,505.58) 2.69 44.73 (91.28) 83,852.61 98.34 256350021 MIM-RCTC 2013 Residual Fund 38378KW47 GNR 13138 A 118,425.61 - - - (28,509.06) 127.17 46.12 173.02 90,262.86 161.86 256350021 MIM-RCTC 2013 Residual Fund 9128285H9 UNITED STATES TREASURY 399,368.00 - - - - - 46.18 393.82 399,808.00 1,103.03 256350021 MIM-RCTC 2013 Residual Fund 375558BB8 GILEAD SCIENCES INC 35,168.70 - - - - - 49.47 (69.07) 35,149.10 297.50 256350021 MIM-RCTC 2013 Residual Fund 06051GFN4 BANK OF AMERICA CORP 100,107.00 - - - - - 53.01 (66.01) 100,094.00 437.50 256350021 MIM-RCTC 2013 Residual Fund 912828Y53 UNITED STATES TREASURY 754,237.45 - - - - - 55.53 510.72 754,803.70 2,079.37 256350021 MIM-RCTC 2013 Residual Fund 90331HNP4 US BANK NA 254,082.50 - - - - - 59.67 (152.17) 253,990.00 1,421.88 256350021 MIM-RCTC 2013 Residual Fund 912828UF5 UNITED STATES TREASURY 29,939.10 - - (30,000.00) - - 67.09 (6.19) - - 256350021 MIM-RCTC 2013 Residual Fund 912828Y53 UNITED STATES TREASURY - 999,609.22 - - - - 67.17 63.61 999,740.00 2,754.13 256350021 MIM-RCTC 2013 Residual Fund 65478HAD0 NAROT 17C A3 70,016.80 - - - (10,402.23) 64.76 71.73 (92.50) 59,658.56 56.15 256350021 MIM-RCTC 2013 Residual Fund 05531FAU7 BB&T CORP 250,882.50 - - - - - 73.49 (283.49) 250,672.50 36.46 256350021 MIM-RCTC 2013 Residual Fund 40428HPN6 HSBC USA INC (NEW)100,022.00 - - (100,000.00) - - 74.64 (96.64) - - 256350021 MIM-RCTC 2013 Residual Fund 94974BGM6 WELLS FARGO & CO 200,944.00 - - - - - 79.96 (259.96) 200,764.00 2,296.67 256350021 MIM-RCTC 2013 Residual Fund 05584PAD9 BMWLT 172 A3 99,950.92 - - - (52,911.58) 69.04 80.24 (141.29) 47,047.34 29.76 256350021 MIM-RCTC 2013 Residual Fund 3137GAUY1 FHR 3737J MA 161,965.26 - - - (16,752.58) 165.98 82.70 19.69 145,481.06 182.26 256350021 MIM-RCTC 2013 Residual Fund 21201CX43 Continental Rubber of America, Corp.474,924.00 - - (475,000.00) - - 87.09 (11.09) - - 256350021 MIM-RCTC 2013 Residual Fund 912828VV9 UNITED STATES TREASURY 50,123.00 - - - - - 87.24 (57.74) 50,152.50 359.03 256350021 MIM-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 39,829.60 - (39,917.19) - - 152.39 98.34 (163.14) - - 256350021 MIM-RCTC 2013 Residual Fund 780082AC7 ROYAL BANK OF CANADA 100,065.00 - - - - - 106.88 (55.88) 100,116.00 449.17 256350021 MIM-RCTC 2013 Residual Fund 912828T67 UNITED STATES TREASURY - 476,306.25 - - - - 116.91 687.24 477,110.40 1,021.98 256350021 MIM-RCTC 2013 Residual Fund 912828UH1 UNITED STATES TREASURY 33,053.93 - - - - - 121.82 265.80 33,441.56 19.31 256350021 MIM-RCTC 2013 Residual Fund 69353RFH6 PNC BANK NA 251,562.50 - - - - - 140.38 (212.88) 251,490.00 2,760.42 256350021 MIM-RCTC 2013 Residual Fund 3136A5KR6 FNR 1231G AD 98,637.36 - - - (19,701.06) 215.71 140.94 (135.62) 79,157.33 115.78 256350021 MIM-RCTC 2013 Residual Fund 375558BB8 GILEAD SCIENCES INC 100,482.00 - - - - - 153.84 (209.84) 100,426.00 850.00 256350021 MIM-RCTC 2013 Residual Fund 23337UX79 DTE Gas Company 424,859.75 - - (425,000.00) - - 154.42 (14.17) - - 256350021 MIM-RCTC 2013 Residual Fund 06367TPX2 BANK OF MONTREAL 100,008.00 - - (100,000.00) - - 159.38 (167.38) - - 256350021 MIM-RCTC 2013 Residual Fund 06367TPX2 BANK OF MONTREAL 100,008.00 - - (100,000.00) - - 161.28 (169.28) - - 256350021 MIM-RCTC 2013 Residual Fund 084659AB7 BERKSHIRE HATHAWAY ENERGY CO 250,185.00 - - - - - 169.57 (274.57) 250,080.00 2,500.00 256350021 MIM-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 69,701.80 - (69,855.08) - - 317.35 193.19 (357.26) - - 256350021 MIM-RCTC 2013 Residual Fund 06416CAC2 BANK OF NOVA SCOTIA 99,985.00 - - - - - 194.36 (132.36) 100,047.00 338.54 256350021 MIM-RCTC 2013 Residual Fund 02587AAJ3 AMXCA 171 A 120,904.41 - - - - - 198.15 (108.61) 120,993.95 103.79 256350021 MIM-RCTC 2013 Residual Fund 93884FX98 Washington Gas Light Company 424,813.00 - - (425,000.00) - - 198.33 (11.33) - - 256350021 MIM-RCTC 2013 Residual Fund 912828L57 UNITED STATES TREASURY 100,496.00 - - - - - 222.46 (316.46) 100,402.00 444.67 256350021 MIM-RCTC 2013 Residual Fund 02587AAJ3 AMXCA 171 A 99,921.00 - - - - - 233.18 (159.18) 99,995.00 85.78 256350021 MIM-RCTC 2013 Residual Fund 55749UY49 Madison Gas and Electric Company - 474,755.90 - (475,000.00) - - 244.10 - - - 39 Page 14 of 42 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance 91 CIP STAMP Portfolio Transaction Report by Account Quarter ended December 31, 2019 256350021 MIM-RCTC 2013 Residual Fund 50000EZA5 Koch Industries, Inc.- 399,741.78 - (400,000.00) - - 258.22 - - - 256350021 MIM-RCTC 2013 Residual Fund 38378BXQ7 GNR 1289 A 178,868.09 - - - (30,990.34) 212.05 262.86 20.82 148,373.48 191.24 256350021 MIM-RCTC 2013 Residual Fund 3138L2GH4 FN AM1999 90,671.29 - - - (607.72) 10.86 268.11 (349.71) 89,992.82 145.14 256350021 MIM-RCTC 2013 Residual Fund 912828UH1 UNITED STATES TREASURY 66,107.87 - - - - - 279.25 495.99 66,883.11 38.63 256350021 MIM-RCTC 2013 Residual Fund 780082AC7 ROYAL BANK OF CANADA 100,065.00 - - - - - 282.36 (231.36) 100,116.00 449.17 256350021 MIM-RCTC 2013 Residual Fund 912828B58 UNITED STATES TREASURY 266,211.05 - - - - - 303.98 (129.08) 266,385.95 2,356.56 256350021 MIM-RCTC 2013 Residual Fund 46640QY54 J.P. Morgan Securities LLC - 299,675.00 - (300,000.00) - - 325.00 - - - 256350021 MIM-RCTC 2013 Residual Fund 13668MY50 Canadian Tire Corporation, Limited - 399,673.33 - (400,000.00) - - 326.67 - - - 256350021 MIM-RCTC 2013 Residual Fund 06416CAC2 BANK OF NOVA SCOTIA 99,985.00 - - - - - 333.74 (271.74) 100,047.00 338.54 256350021 MIM-RCTC 2013 Residual Fund 17401QAN1 Citizens Bk PA 250,535.00 - - - - - 333.93 (66.43) 250,802.50 953.13 256350021 MIM-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 134,424.90 - (134,720.51) - - 543.88 344.20 (592.47) - - 256350021 MIM-RCTC 2013 Residual Fund 43814TAD4 HAROT 171 A4 199,990.00 - - - - - 357.54 (255.54) 200,092.00 113.89 256350021 MIM-RCTC 2013 Residual Fund 912828YK0 UNITED STATES TREASURY - 843,093.75 - - - - 388.22 1,341.53 844,823.50 2,490.78 256350021 MIM-RCTC 2013 Residual Fund 9128286N5 UNITED STATES TREASURY 211,030.35 - - - - - 403.56 1,107.65 212,541.56 222.87 256350021 MIM-RCTC 2013 Residual Fund 912828SA9 UNITED STATES TREASURY 201,999.13 - (203,441.35) - - 1,169.40 404.63 (131.81) - - 256350021 MIM-RCTC 2013 Residual Fund 30229BXV4 Exxon Mobil Corporation - 399,588.89 - (400,000.00) - - 411.11 - - - 256350021 MIM-RCTC 2013 Residual Fund 50000EXR0 Koch Industries, Inc.- 474,569.33 - (475,000.00) - - 430.67 - - - 256350021 MIM-RCTC 2013 Residual Fund 9128286N5 UNITED STATES TREASURY 211,030.35 - - - - - 449.80 1,061.41 212,541.56 222.87 256350021 MIM-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 199,148.00 - (199,585.94) - - 707.81 469.12 (738.99) - - 256350021 MIM-RCTC 2013 Residual Fund 21687BXM8 Coöperatieve Rabobank U.A., New York Branch 424,536.75 - - (425,000.00) - - 469.86 (6.61) - - 256350021 MIM-RCTC 2013 Residual Fund 53154MXH2 Liberty Utilities Co.474,582.00 - - (475,000.00) - - 481.33 (63.33) - - 256350021 MIM-RCTC 2013 Residual Fund 912828VV9 UNITED STATES TREASURY 461,131.60 - - - - - 492.78 (221.38) 461,403.00 3,303.09 256350021 MIM-RCTC 2013 Residual Fund 53154MYC2 LIBERTY UTILITIES CO - 424,504.17 - (425,000.00) - - 495.83 - - - 256350021 MIM-RCTC 2013 Residual Fund 23336KXQ0 DTE Electric Company 399,496.00 - - (400,000.00) - - 511.11 (7.11) - - 256350021 MIM-RCTC 2013 Residual Fund 912828B58 UNITED STATES TREASURY 286,302.45 - - - - - 550.31 (362.21) 286,490.55 2,534.41 256350021 MIM-RCTC 2013 Residual Fund 06406FAB9 BANK OF NEW YORK MELLON CORP 200,150.00 - - - - - 617.75 (131.75) 200,636.00 660.56 256350021 MIM-RCTC 2013 Residual Fund 69372BXU9 PACCAR Financial Corp.424,371.00 - - (425,000.00) - - 637.50 (8.50) - - 256350021 MIM-RCTC 2013 Residual Fund 55279HAN0 MANUFACTURERS AND TRADERS TRUST CO 250,152.50 - - - - - 722.75 (785.25) 250,090.00 1,907.64 256350021 MIM-RCTC 2013 Residual Fund 69353RFC7 PNC BANK NA 249,910.00 - - - - - 755.36 (627.86) 250,037.50 583.33 256350021 MIM-RCTC 2013 Residual Fund 26055BY65 The Dow Chemical Company - 374,238.54 - (375,000.00) - - 761.46 - - - 256350021 MIM-RCTC 2013 Residual Fund 912828UF5 UNITED STATES TREASURY 234,522.95 - - (235,000.00) - - 781.99 (304.94) - - 256350021 MIM-RCTC 2013 Residual Fund 912828VV9 UNITED STATES TREASURY 551,353.00 - - - - - 1,030.62 (706.12) 551,677.50 3,949.35 256350021 MIM-RCTC 2013 Residual Fund 912828UF5 UNITED STATES TREASURY 279,431.60 - - (280,000.00) - - 1,118.57 (550.17) - - 256350021 MIM-RCTC 2013 Residual Fund 912828UF5 UNITED STATES TREASURY 424,137.25 - - (425,000.00) - - 1,376.18 (513.43) - - 256350021 MIM-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 477,955.20 - (479,006.25) - - 2,332.69 1,389.92 (2,671.56) - - 23,745,128.34 18,943,441.33 (10,564,934.89)(8,469,000.00)(478,213.18)4,703.06 13,821.73 (5,443.86)23,842,138.28 108,941.23 256350023 MIM-Sr Lien Reserve Fund-1 31381Q6B7 FN 468066 187,477.84 - - - (904.61) (32.59) (1,069.38) (57.94) 185,413.32 666.56 256350023 MIM-Sr Lien Reserve Fund-1 3137B1U75 FHMS KS01 A2 384,643.60 - - - (12,143.07) (208.99) (710.79) (567.60) 371,013.15 773.11 256350023 MIM-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 733,336.10 - - - - - (683.15) 1,164.95 733,817.90 6,491.64 256350023 MIM-Sr Lien Reserve Fund-1 3138EJPZ5 FN AL2239 203,045.86 - - - (1,294.76) (42.86) (653.33) 336.72 201,391.63 512.94 256350023 MIM-Sr Lien Reserve Fund-1 912828XB1 UNITED STATES TREASURY 1,002,573.00 - - - - - (637.38) (6,821.37) 995,114.25 2,675.22 256350023 MIM-Sr Lien Reserve Fund-1 912828G38 UNITED STATES TREASURY 1,394,145.00 - - - - - (616.43) (8,145.07) 1,385,383.50 3,922.05 256350023 MIM-Sr Lien Reserve Fund-1 31381PEB0 FN 466430 249,168.88 - - - (1,268.64) (8.39) (531.26) (463.95) 246,896.65 713.87 256350023 MIM-Sr Lien Reserve Fund-1 3130AFFX0 FEDERAL HOME LOAN BANKS 206,164.00 - - - - - (522.61) (3,323.54) 202,317.85 751.56 256350023 MIM-Sr Lien Reserve Fund-1 31381T4E7 FN 470721 261,126.98 - - - (1,716.53) (31.43) (475.33) (714.15) 258,189.54 585.67 256350023 MIM-Sr Lien Reserve Fund-1 3137EADB2 FREDDIE MAC 203,080.00 - - - - - (352.54) 356.54 203,084.00 2,216.67 256350023 MIM-Sr Lien Reserve Fund-1 3137ABFH9 FHMS KAIV A2 102,637.00 - - - - - (349.82) (268.18) 102,019.00 332.42 256350023 MIM-Sr Lien Reserve Fund-1 3137FBAJ5 FHMS KIR3 A2 216,298.00 - - - - - (336.56) (5,165.44) 210,796.00 546.83 256350023 MIM-Sr Lien Reserve Fund-1 31381QB54 FN 467260 132,510.02 - - - (765.25) (8.29) (318.36) (454.53) 130,963.58 488.80 256350023 MIM-Sr Lien Reserve Fund-1 3137B1BS0 FHMS K026 A2 365,432.40 - - - - - (301.37) (145.03) 364,986.00 753.00 256350023 MIM-Sr Lien Reserve Fund-1 3137EADB2 FREDDIE MAC 203,080.00 - - - - - (269.92) 273.92 203,084.00 2,216.67 256350023 MIM-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 236,073.95 - - - - - (266.06) 421.16 236,229.05 2,089.78 256350023 MIM-Sr Lien Reserve Fund-1 31381R5T7 FN 468958 133,868.80 - - - - - (249.27) (407.23) 133,212.30 422.03 256350023 MIM-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 100,457.00 - - - - - (249.03) 315.03 100,523.00 889.27 256350023 MIM-Sr Lien Reserve Fund-1 3138LFGP7 FN AN2905 283,096.00 - - - - - (229.26) (4,429.24) 278,437.50 603.85 256350023 MIM-Sr Lien Reserve Fund-1 3620ARB67 GN 737261 114,273.59 - - - (7,280.38) (252.28) (190.58) 345.16 106,895.51 341.93 256350023 MIM-Sr Lien Reserve Fund-1 3136A7MN9 FNA 12M8 A2 289,935.19 - - - (18,424.65) (204.84) (184.03) (380.12) 270,741.55 526.74 256350023 MIM-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 145,662.65 - - - - - (179.73) 275.43 145,758.35 1,289.44 256350023 MIM-Sr Lien Reserve Fund-1 38375XCM4 GNR 0847B PC 66,114.42 - - - (6,553.26) (168.51) (123.15) (12.68) 59,256.81 239.57 256350023 MIM-Sr Lien Reserve Fund-1 3137AXHP1 FHMS K024 A2 142,273.60 - - - - - (118.59) (48.01) 142,107.00 300.18 256350023 MIM-Sr Lien Reserve Fund-1 38377JZ89 GNR 10117A GK 43,452.59 - - - (3,944.63) (85.45) (116.91) (76.18) 39,229.42 111.22 256350023 MIM-Sr Lien Reserve Fund-1 3137FNAD2 FHMS K095 A1 140,137.50 - - - (1,502.47) (28.78) (112.05) (2,495.88) 135,998.31 292.42 256350023 MIM-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 115,525.55 - - - - - (110.04) 185.94 115,601.45 1,022.66 256350023 MIM-Sr Lien Reserve Fund-1 3137AUPE3 FHMS K021 A2 145,382.40 - - - - - (102.06) (73.62) 145,206.72 287.52 256350023 MIM-Sr Lien Reserve Fund-1 38377RVK8 GNR 10166F GP 49,577.12 - - - (3,994.99) (58.21) (95.21) 122.48 45,551.19 112.37 256350023 MIM-Sr Lien Reserve Fund-1 38377RSZ9 GNR 10162D PQ 26,441.30 - - - (12,428.27) (118.90) (87.74) (4.35) 13,802.04 51.47 256350023 MIM-Sr Lien Reserve Fund-1 38377RVK8 GNR 10166F GP 29,746.27 - - - (2,397.00) (60.91) (86.16) 128.51 27,330.71 67.42 256350023 MIM-Sr Lien Reserve Fund-1 38378DDC6 GNR 1216E GB 71,692.85 - - - (24,251.61) (58.89) (77.24) 6.58 47,311.69 137.70 256350023 MIM-Sr Lien Reserve Fund-1 38376T5Z1 GNR 104A PD 67,778.00 - - - (4,354.11) (125.19) (77.09) 73.05 63,294.66 154.89 256350023 MIM-Sr Lien Reserve Fund-1 38377REV3 GNR 10158C HA 81,905.94 - - - (7,462.60) (141.41) (67.29) (118.12) 74,116.52 212.29 256350023 MIM-Sr Lien Reserve Fund-1 31381SVJ8 FN 469617 108,661.42 - - - (709.57) (2.21) (67.23) (376.15) 107,506.26 302.70 256350023 MIM-Sr Lien Reserve Fund-1 38376GY53 GNR 1195 C 63,514.00 - - - (1,878.06) (4.45) (58.61) 85.20 61,658.08 180.14 256350023 MIM-Sr Lien Reserve Fund-1 3137AJMF8 FHMS K016 A2 23,985.82 - - - (133.81) (2.08) (55.01) 3.93 23,798.84 58.15 256350023 MIM-Sr Lien Reserve Fund-1 3137B4HD1 FHR 4247A AK 42,109.32 - - - (4,393.09) (142.74) (46.51) (150.19) 37,376.81 134.26 256350023 MIM-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 50,228.50 - - - - - (44.34) 77.34 50,261.50 444.63 256350023 MIM-Sr Lien Reserve Fund-1 3137AJMF8 FHMS K016 A2 28,782.99 - - - (160.58) (1.54) (43.54) (18.72) 28,558.61 69.78 256350023 MIM-Sr Lien Reserve Fund-1 36202F2H8 G2 005276 118,994.72 - - - (8,153.41) (242.42) (43.24) 86.38 110,642.03 269.33 256350023 MIM-Sr Lien Reserve Fund-1 38378AWX5 GNR 11157E QA 60,805.28 - - - (11,387.59) (28.52) (42.21) (9.22) 49,337.75 122.63 256350023 MIM-Sr Lien Reserve Fund-1 3137F4D41 FHMS K074 A2 33,141.90 - - - - - (40.04) (562.66) 32,539.20 90.00 40 Page 15 of 42 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance 91 CIP STAMP Portfolio Transaction Report by Account Quarter ended December 31, 2019 256350023 MIM-Sr Lien Reserve Fund-1 38380AZ34 GNR 16147C DA 133,994.39 - - - (4,215.81) (102.69) (38.12) (794.35) 128,843.42 314.06 256350023 MIM-Sr Lien Reserve Fund-1 38377RSZ9 GNR 10162D PQ 6,707.06 - - - (3,152.54) (52.15) (37.62) 36.25 3,501.01 13.06 256350023 MIM-Sr Lien Reserve Fund-1 36202FA30 G2 004526 - 41,792.30 - - (1,719.40) (73.58) (34.53) 483.97 40,448.76 143.97 256350023 MIM-Sr Lien Reserve Fund-1 31398QTP2 FHR 3747C HW 46,238.91 - - - (18,241.40) (68.71) (33.73) (163.12) 27,731.95 103.47 256350023 MIM-Sr Lien Reserve Fund-1 38374C4J7 GNR 0385G TW - 27,961.21 - - (7,157.86) (59.36) (31.11) 28.29 20,741.18 94.32 256350023 MIM-Sr Lien Reserve Fund-1 38378XP62 GNR 14166 PL 257,218.31 - - - (10,044.88) (101.19) (30.87) (668.01) 246,373.36 512.71 256350023 MIM-Sr Lien Reserve Fund-1 31417YKF3 FN MA0293 69,279.09 - - - (4,106.48) (159.91) (26.66) (477.62) 64,508.43 226.91 256350023 MIM-Sr Lien Reserve Fund-1 3138NJAE8 FN FN0004 17,757.23 - - - (5,430.82) (35.46) (24.42) 66.53 12,333.05 38.58 256350023 MIM-Sr Lien Reserve Fund-1 3137BDKF2 FHR 4384A LA - 63,913.30 - - (1,627.56) (37.72) (22.48) (85.42) 62,140.11 177.47 256350023 MIM-Sr Lien Reserve Fund-1 912828J43 UNITED STATES TREASURY - 150,544.92 - - - - (22.41) 39.99 150,562.50 887.02 256350023 MIM-Sr Lien Reserve Fund-1 38379JM99 GNR 1545E AG 54,907.01 - - - (4,565.33) (28.48) (15.41) (71.19) 50,226.61 103.37 256350023 MIM-Sr Lien Reserve Fund-1 38377QKH9 GNR 1118A PG 52,085.55 - - - (3,863.41) (70.24) (14.57) (152.40) 47,984.94 117.88 256350023 MIM-Sr Lien Reserve Fund-1 38378TAF7 GNR 1371A GA 111,682.66 - - - (8,434.61) 4.00 (12.74) (51.37) 103,187.94 212.90 256350023 MIM-Sr Lien Reserve Fund-1 3137A5FP4 FHR 3791E DA 46,960.09 - - - (5,529.70) (4.42) (11.25) 24.91 41,439.64 86.00 256350023 MIM-Sr Lien Reserve Fund-1 38378CDK0 GNR 11169G AK 12,504.25 - - - (3,962.38) (4.73) (8.56) (3.47) 8,525.11 21.27 256350023 MIM-Sr Lien Reserve Fund-1 3137F4D41 FHMS K074 A2 5,523.65 - - - - - (5.69) (94.76) 5,423.20 15.00 256350023 MIM-Sr Lien Reserve Fund-1 62888VAA6 NGN 10R1 1A 88,637.26 - - - (9,132.40) (1.76) (4.31) 114.98 79,613.77 127.47 256350023 MIM-Sr Lien Reserve Fund-1 38379HLE3 GNR 14184H WK 101,040.40 - - - (16,897.83) 24.38 (3.01) (907.30) 83,256.64 237.41 256350023 MIM-Sr Lien Reserve Fund-1 36178NB99 GN AB2764 - 39,759.28 - - (1,676.87) (18.64) (2.91) 102.55 38,163.42 78.43 256350023 MIM-Sr Lien Reserve Fund-1 38376GB33 GNR 116 BA 18,585.02 - - - (4,766.35) (0.74) (1.82) 3.55 13,819.66 40.04 256350023 MIM-Sr Lien Reserve Fund-1 36202F2H8 G2 005276 28,375.66 - - - (1,944.28) (1.35) (1.11) (45.06) 26,383.86 64.23 256350023 MIM-Sr Lien Reserve Fund-1 3138NJAE8 FN FN0004 - 11,950.44 - - (3,594.35) (32.76) (0.74) (100.56) 8,222.03 25.72 256350023 MIM-Sr Lien Reserve Fund-1 3137ATRW4 FHMS K020 A2 126,088.75 - - - - - (0.12) (103.63) 125,985.00 247.19 256350023 MIM-Sr Lien Reserve Fund-1 31846V401 FIRST AMER:GVT OBLG D 248,845.56 891,161.47 (912,945.38) - - - - - 227,061.65 - 256350023 MIM-Sr Lien Reserve Fund-1 CCYUSD Receivable 150.73 - - - - - - - 231.68 - 256350023 MIM-Sr Lien Reserve Fund-1 CCYUSD Payable (200,494.95) - - - - - - - (190,469.73) - 256350023 MIM-Sr Lien Reserve Fund-1 38377LQT8 GNR 10128D KE 267.32 - - - (267.58) (0.00) - 0.26 - - 256350023 MIM-Sr Lien Reserve Fund-1 38377LQT8 GNR 10128D KE 859.23 - - - (860.06) (0.01) - 0.84 - - 256350023 MIM-Sr Lien Reserve Fund-1 31381N7G2 FN 466295 18,013.04 - - - (17,910.95) (68.67) - (33.42) - - 256350023 MIM-Sr Lien Reserve Fund-1 38378FRB8 GNR 135A JE - 190,448.25 - - - - - (547.49) 189,900.76 21.48 256350023 MIM-Sr Lien Reserve Fund-1 31417YKF3 FN MA0293 65,905.71 - - - (3,906.53) (178.33) 0.23 (453.74) 61,367.34 215.87 256350023 MIM-Sr Lien Reserve Fund-1 38375CBH2 GNR 1257F LD 14,426.16 - - - (14,449.56) 39.24 1.04 (16.88) - - 256350023 MIM-Sr Lien Reserve Fund-1 3137ASNH3 FHMS K019 A1 17,023.93 - - - (17,060.16) 33.05 2.82 0.36 - - 256350023 MIM-Sr Lien Reserve Fund-1 36179M4J6 G2 MA0825 - 47,788.57 - - (830.46) (10.15) 3.05 158.49 47,109.50 96.65 256350023 MIM-Sr Lien Reserve Fund-1 38378KXW4 GNR 13105 A 99,430.02 - - - (2,145.60) 3.93 3.79 52.90 97,345.03 139.58 256350023 MIM-Sr Lien Reserve Fund-1 38378KWU9 GNR 1396 A 14,073.23 - - - (132.04) 1.14 4.65 (20.43) 13,926.54 16.61 256350023 MIM-Sr Lien Reserve Fund-1 3137A5FP4 FHR 3791E DA 31,569.81 - - - (3,717.44) 8.50 5.64 (7.92) 27,858.58 57.82 256350023 MIM-Sr Lien Reserve Fund-1 3136AHAE0 FNA 13M14 APT 113,799.71 - - - (50,797.74) (697.49) 6.69 (1,132.59) 61,178.59 133.66 256350023 MIM-Sr Lien Reserve Fund-1 3138L33G8 FN AM3498 99,707.00 - - - - - 8.85 84.15 99,800.00 173.08 256350023 MIM-Sr Lien Reserve Fund-1 38376WA62 GNR 1015C PD 31,023.62 - - - (2,366.72) (82.55) 10.25 (97.06) 28,487.55 92.14 256350023 MIM-Sr Lien Reserve Fund-1 38378JZD7 GNR 1347A EC - 42,101.70 - - (2,408.70) 30.13 10.35 638.48 40,371.96 50.28 256350023 MIM-Sr Lien Reserve Fund-1 3137AUPE3 FHMS K021 A2 6,057.60 - - - - - 10.96 (18.28) 6,050.28 11.98 256350023 MIM-Sr Lien Reserve Fund-1 38378HXH4 GNR 12119 KB 15,445.22 - - - (1,094.73) 30.76 13.84 (10.42) 14,384.67 15.25 256350023 MIM-Sr Lien Reserve Fund-1 38377RVK8 GNR 10166F GP 18,729.13 - - - (1,509.22) 20.23 14.90 (46.82) 17,208.22 42.45 256350023 MIM-Sr Lien Reserve Fund-1 38378KWU9 GNR 1396 A 52,774.59 - - - (495.14) 5.34 17.66 (77.93) 52,224.52 62.29 256350023 MIM-Sr Lien Reserve Fund-1 38376WA62 GNR 1015C PD 127,443.64 - - - (9,722.39) (171.93) 19.17 (542.92) 117,025.57 378.50 256350023 MIM-Sr Lien Reserve Fund-1 3137B5A60 FHR 4257G EK 23,652.70 - - - (1,401.29) 14.87 21.72 (44.07) 22,243.93 46.07 256350023 MIM-Sr Lien Reserve Fund-1 38376WA62 GNR 1015C PD 31,728.71 - - - (2,420.51) (169.90) 27.44 (30.75) 29,135.00 94.23 256350023 MIM-Sr Lien Reserve Fund-1 3138EKXL4 FN AL3382 13,992.10 - - - (737.99) 19.81 29.67 (116.30) 13,187.29 26.53 256350023 MIM-Sr Lien Reserve Fund-1 3138EKXL4 FN AL3382 17,490.12 - - - (922.49) 20.08 31.28 (134.89) 16,484.11 33.16 256350023 MIM-Sr Lien Reserve Fund-1 912828YK0 UNITED STATES TREASURY - 203,678.71 - - - - 32.39 40.45 203,751.55 600.72 256350023 MIM-Sr Lien Reserve Fund-1 3136AC7J4 FNA 13M6 2A 49,772.70 - - - (6,168.01) 65.86 38.57 (518.76) 43,190.35 89.56 256350023 MIM-Sr Lien Reserve Fund-1 912828L99 UNITED STATES TREASURY 59,723.40 - - - - - 38.86 99.74 59,862.00 140.52 256350023 MIM-Sr Lien Reserve Fund-1 912828L99 UNITED STATES TREASURY 149,308.50 - - - - - 39.00 307.50 149,655.00 351.30 256350023 MIM-Sr Lien Reserve Fund-1 38378B6A2 GNR 1312A AB 110,645.85 - - - (683.37) 11.22 45.57 (450.54) 109,568.73 169.99 256350023 MIM-Sr Lien Reserve Fund-1 3138L1W62 FN AM1568 164,171.01 - - - (797.26) 4.30 53.34 (35.61) 163,395.78 352.76 256350023 MIM-Sr Lien Reserve Fund-1 3137EADR7 FREDDIE MAC 149,559.00 - - - - - 57.50 245.50 149,862.00 343.75 256350023 MIM-Sr Lien Reserve Fund-1 912828Y53 UNITED STATES TREASURY 199,798.00 - - - - - 58.99 91.01 199,948.00 550.83 256350023 MIM-Sr Lien Reserve Fund-1 912828YK0 UNITED STATES TREASURY - 460,749.61 - - - - 64.61 1,353.93 462,168.15 1,362.60 256350023 MIM-Sr Lien Reserve Fund-1 38378KSL4 GNR 1374 AL 228,165.75 - - - - - 66.43 (4,105.18) 224,127.00 528.73 256350023 MIM-Sr Lien Reserve Fund-1 38378B7F0 GNR 1333 B 198,790.00 - - - - - 85.74 (1,753.74) 197,122.00 378.83 256350023 MIM-Sr Lien Reserve Fund-1 38377JM59 GNR 10111F PE 74,563.21 - - - (6,983.80) 159.26 88.59 (190.71) 67,636.55 141.04 256350023 MIM-Sr Lien Reserve Fund-1 3136A5KR6 FNR 1231G AD 64,210.99 - - - (12,825.00) 140.42 91.75 (88.29) 51,529.87 75.37 256350023 MIM-Sr Lien Reserve Fund-1 38378CRT6 GNR 1213E EG 44,069.34 - - - (2,840.33) 79.89 102.84 (263.15) 41,148.58 68.74 256350023 MIM-Sr Lien Reserve Fund-1 38378KSL4 GNR 1374 AL 202,814.00 - - - - - 123.93 (3,713.93) 199,224.00 469.99 256350023 MIM-Sr Lien Reserve Fund-1 9128285W6 UNITED STATES TREASURY 161,635.84 - - - - - 132.51 560.59 162,328.94 617.90 256350023 MIM-Sr Lien Reserve Fund-1 3138EKXL4 FN AL3382 227,371.58 - - - (11,992.34) 65.66 143.86 (1,295.33) 214,293.42 431.12 256350023 MIM-Sr Lien Reserve Fund-1 3136ADFF1 FNR 1336D KC 126,946.28 - - - (11,813.26) 159.52 150.27 85.12 115,527.93 145.50 256350023 MIM-Sr Lien Reserve Fund-1 38378KWU9 GNR 1396 A 35,183.06 - - - (330.10) 18.14 158.60 (213.36) 34,816.35 41.53 256350023 MIM-Sr Lien Reserve Fund-1 912828V49 UNITED STATES TREASURY 59,018.38 - - - - - 161.56 299.28 59,479.22 101.50 256350023 MIM-Sr Lien Reserve Fund-1 912828SA9 UNITED STATES TREASURY 185,165.87 - (186,487.90) - - (1,270.80) 172.48 2,420.35 - - 256350023 MIM-Sr Lien Reserve Fund-1 38378KWU9 GNR 1396 A 52,774.59 - - - (495.14) 25.90 174.07 (254.90) 52,224.52 62.29 256350023 MIM-Sr Lien Reserve Fund-1 9128286N5 UNITED STATES TREASURY 92,647.47 - - - - - 176.06 487.40 93,310.93 97.85 256350023 MIM-Sr Lien Reserve Fund-1 912828XB1 UNITED STATES TREASURY 154,242.00 - - - - - 179.49 (1,326.99) 153,094.50 411.57 256350023 MIM-Sr Lien Reserve Fund-1 38378VC45 GNR 13116D MA 139,136.93 - - - (8,242.65) 282.13 180.02 (477.72) 130,878.71 245.81 256350023 MIM-Sr Lien Reserve Fund-1 38379KDN5 GNR 1529 AD 138,313.69 - - - (19,861.21) 189.80 180.34 (1,099.11) 117,723.51 213.27 256350023 MIM-Sr Lien Reserve Fund-1 912828L57 UNITED STATES TREASURY 552,728.00 - - - - - 211.75 (728.75) 552,211.00 2,445.70 256350023 MIM-Sr Lien Reserve Fund-1 9128285W6 UNITED STATES TREASURY 107,757.23 - - - - - 227.81 234.25 108,219.29 411.94 256350023 MIM-Sr Lien Reserve Fund-1 3137ATRW4 FHMS K020 A2 158,478.43 - - - - - 232.46 (362.86) 158,348.03 310.69 256350023 MIM-Sr Lien Reserve Fund-1 38378B7F0 GNR 1333 B 248,487.50 - - - - - 254.32 (2,339.32) 246,402.50 473.54 41 Page 16 of 42 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance 91 CIP STAMP Portfolio Transaction Report by Account Quarter ended December 31, 2019 256350023 MIM-Sr Lien Reserve Fund-1 912828SA9 UNITED STATES TREASURY 280,554.34 - (282,557.43) - - (1,733.95) 278.07 3,458.97 - - 256350023 MIM-Sr Lien Reserve Fund-1 912828UH1 UNITED STATES TREASURY 192,814.62 - (193,975.81) - - 818.12 316.22 26.85 - - 256350023 MIM-Sr Lien Reserve Fund-1 3135G0D75 FEDERAL NATIONAL MORTGAGE ASSOCIATION 598,326.00 - - - - - 329.74 924.27 599,580.00 225.00 256350023 MIM-Sr Lien Reserve Fund-1 9128286N5 UNITED STATES TREASURY 180,147.86 - - - - - 397.85 892.20 181,437.92 190.26 256350023 MIM-Sr Lien Reserve Fund-1 912828L57 UNITED STATES TREASURY 854,216.00 - - - - - 419.80 (1,218.80) 853,417.00 3,779.71 256350023 MIM-Sr Lien Reserve Fund-1 3136A72D3 FNA 12M9 A2 262,237.19 - - - (28,838.01) 359.92 514.43 (2,401.27) 231,872.27 476.81 256350023 MIM-Sr Lien Reserve Fund-1 38378KRS0 GNR 1378 AG 450,373.50 - - - - - 545.11 (2,660.11) 448,258.50 895.72 256350023 MIM-Sr Lien Reserve Fund-1 3137EADB2 FREDDIE MAC 558,470.00 - - - - - 641.96 (630.96) 558,481.00 6,095.83 256350023 MIM-Sr Lien Reserve Fund-1 912828V49 UNITED STATES TREASURY 241,438.81 - - - - - 765.88 1,119.38 243,324.07 415.22 18,451,893.49 2,171,849.76 (1,575,966.52) - (504,594.99) (4,661.93) (3,197.81) (49,727.17) 18,495,701.00 63,780.95 62,327,735.59 24,124,971.68 (14,314,538.03)(8,469,000.00)(1,729,365.61)(2,370.66)210.84 (94,628.00)62,530,263.15 235,227.14 42 *Negative cash reflects securities in transit at month end 91 CIP STAMP Portfolio Summary of Investments for quarter ended December 31, 2019 Credit Rating Industry Group Asset Class Security Type Market Sector ATTACHMENT 5 43 *Negative cash reflects securities in transit at month end 91 CIP STAMP Portfolio Series A & Series B Reserve Fund Summary of Investments for quarter ended December 31, 2019 Credit Rating Industry Group Asset Class Security Type Market Sector ATTACHMENT 6 44 91 CIP STAMP Portfolio Residual Fund Required Retained Balance Summary of Investments for quarter ended December 31, 2019 Credit Rating Industry Group Asset Class Security Type Market Sector ATTACHMENT 7 45 *Negative cash reflects securities in transit at month end 91 CIP STAMP Portfolio TIFIA Reserve Fund Summary of Investments for quarter ended December 31, 2019 Credit Rating Industry Group Asset Class Security Type Market Sector ATTACHMENT 8 46 Page 21 of 42 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137EADB2 Agency Freddie Mac 01/13/2022 09/30/2019 400,000.00 406,425.20 ---406,168.00 432.79 2.375 1.601 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3130AECJ7 Agency Federal Home Loan Banks 05/28/2020 07/03/2018 350,000.00 350,150.50 ---351,368.50 1,334.21 2.625 1.657 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38377REV3 Agency CMO Government National Mortgage Association 10/20/2039 07/01/2019 33,792.50 34,463.07 ---34,411.24 (2.72)3.500 2.373 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AH6C7 Agency CMO Freddie Mac 07/25/2021 11/29/2018 95,877.80 96,050.08 ---97,054.22 1,076.17 3.230 2.215 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376V2E6 Agency CMO Government National Mortgage Association 07/16/2039 08/06/2019 22,472.09 23,385.02 ---23,548.50 209.01 4.000 1.664 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AJMF8 Agency CMO Freddie Mac 10/25/2021 11/29/2018 94,055.41 93,743.12 ---95,195.36 1,406.11 2.968 2.086 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375XCM4 Agency CMO Government National Mortgage Association 11/16/2037 05/14/2019 25,319.70 26,036.77 ---26,094.74 160.69 5.000 2.604 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 383742C76 Agency CMO Government National Mortgage Association 08/16/2037 01/31/2018 61,232.15 62,762.95 ---62,292.69 (97.57)4.000 3.033 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375JCJ2 Agency CMO Government National Mortgage Association 12/16/2037 01/31/2018 1,858.87 1,864.68 ---1,856.53 (2.34)5.305 2.844 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378BXQ7 Agency CMO Government National Mortgage Association 01/16/2036 06/17/2019 14,931.12 14,781.80 ---14,837.35 (4.61)1.537 2.945 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376YPU9 Agency CMO Government National Mortgage Association 12/20/2038 05/10/2019 20,504.48 20,363.51 ---20,544.87 156.72 2.500 2.061 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ATRW4 Agency CMO Freddie Mac 05/25/2022 09/26/2018 100,000.00 97,238.28 ---100,788.00 2,652.75 2.373 1.948 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ASR97 Agency CMO Freddie Mac 01/25/2022 02/27/2018 16,293.72 15,927.11 ---16,220.73 116.94 1.573 1.989 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136A72D3 Agency CMO Federal National Mortgage Association 04/25/2022 07/26/2019 14,590.54 14,675.92 ---14,675.46 (3.84)2.482 2.136 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AYCE9 Agency CMO Freddie Mac 10/25/2022 08/13/2019 100,000.00 102,164.06 ---101,680.00 (207.20)2.682 1.984 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31397QWZ7 Agency CMO Federal National Mortgage Association 09/25/2029 09/28/2018 27,887.72 28,131.73 ---28,011.82 83.97 4.000 2.115 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378HXH4 Agency CMO Government National Mortgage Association 09/16/2027 03/08/2019 6,654.41 6,308.63 ---6,538.49 199.41 1.250 2.039 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31392J6N4 Agency CMO Federal National Mortgage Association 04/25/2023 12/05/2017 330,683.82 359,744.60 ---342,912.51 (6,466.04)5.500 2.393 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B84S3 Agency CMO Freddie Mac 02/15/2029 01/31/2018 87,349.07 86,257.21 ---87,533.38 974.52 2.000 1.833 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137A5FP4 Agency CMO Freddie Mac 01/15/2021 01/30/2018 42,322.24 42,428.05 ---42,484.33 135.22 2.500 1.901 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31398N2K9 Agency CMO Federal National Mortgage Association 11/25/2025 01/31/2018 11.23 11.27 ---11.22 (0.01)3.500 2.327 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378JZD7 Agency CMO Government National Mortgage Association 12/20/2040 10/16/2019 17,598.85 17,378.87 ---17,662.73 279.33 1.500 1.258 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38377QKH9 Agency CMO Government National Mortgage Association 08/20/2040 08/20/2019 21,093.79 21,476.95 ---21,466.94 (7.66)3.000 2.276 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378CDK0 Agency CMO Government National Mortgage Association 03/20/2035 01/30/2018 35,731.86 36,061.26 ---35,805.46 10.80 3.000 1.955 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378AWX5 Agency CMO Government National Mortgage Association 01/20/2036 01/30/2018 81,755.40 82,547.41 ---82,229.58 168.91 3.000 1.928 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378DDC6 Agency CMO Government National Mortgage Association 04/20/2038 06/20/2018 28,325.83 28,517.25 ---28,387.01 24.22 3.500 2.327 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38379HLE3 Agency CMO Government National Mortgage Association 05/20/2043 10/18/2018 58,142.23 58,060.46 ---59,469.03 1,412.45 3.500 1.983 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378VC45 Agency CMO Government National Mortgage Association 12/16/2041 11/23/2018 58,767.32 56,646.19 ---58,669.77 1,851.18 2.250 2.285 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38377JM59 Agency CMO Government National Mortgage Association 10/20/2039 11/21/2018 30,415.10 29,654.74 ---30,387.43 634.87 2.500 2.492 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ARBX3 Agency CMO Freddie Mac 03/15/2039 03/14/2019 37,148.05 36,619.85 ---37,088.98 532.32 2.090 2.216 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376YFF3 Agency CMO Government National Mortgage Association 03/20/2039 06/03/2019 6,904.85 6,956.63 ---6,976.73 35.46 4.000 2.152 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38379JM99 Agency CMO Government National Mortgage Association 02/16/2041 08/28/2019 21,628.27 21,767.67 ---21,893.65 134.46 2.500 1.796 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 31416BTW8 Agency MBS Federal National Mortgage Association 01/01/2024 09/03/2019 388,287.34 405,032.24 ---405,476.82 1,502.21 5.500 1.768 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3137B2GW4 Agency MBS Freddie Mac 03/25/2020 06/29/2018 245,280.35 243,689.87 ---244,968.85 197.41 2.313 2.016 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3137B7YX1 Agency MBS Freddie Mac 04/25/2023 08/19/2019 519,735.16 526,313.06 ---524,495.94 (1,078.33)2.592 1.883 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3137FJXN4 Agency MBS Freddie Mac 02/25/2023 08/27/2019 67,974.41 67,910.69 ---67,931.59 223.68 2.035 2.157 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31283K5N4 Agency MBS Freddie Mac 08/01/2020 12/05/2017 128,829.31 131,731.06 ---133,143.81 2,741.75 5.000 -9.100 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3620A9WV9 Agency MBS Government National Mortgage Association 12/15/2024 05/23/2018 10,574.70 10,806.03 ---11,006.26 254.16 4.000 1.662 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3138NJAE8 Agency MBS Federal National Mortgage Association 12/01/2020 09/13/2018 21,942.98 22,196.70 ---21,925.43 (171.87)3.630 3.673 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381RLL6 Agency MBS Federal National Mortgage Association 07/01/2021 11/02/2018 44,995.36 45,663.27 ---45,904.71 532.60 3.840 2.141 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381SVJ8 Agency MBS Federal National Mortgage Association 11/01/2021 02/22/2019 42,224.31 42,435.44 ---43,002.51 665.22 3.330 2.186 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 36202F2H8 Agency MBS Government National Mortgage Association 01/20/2027 12/12/2019 33,148.68 33,967.04 ---34,043.69 69.69 3.000 1.834 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 36178NB99 Agency MBS Government National Mortgage Association 08/15/2027 10/11/2019 37,646.16 38,063.80 ---38,163.42 102.55 2.500 1.979 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AC7J4 Agency MBS Federal National Mortgage Association 03/25/2023 02/21/2018 35,525.16 34,940.94 ---35,991.96 835.73 2.521 2.180 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31418AU48 Agency MBS Federal National Mortgage Association 07/01/2023 05/21/2019 0.00 0.00 ---(0.00)(0.00)2.500 1.225 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B1U75 Agency MBS Freddie Mac 01/25/2023 02/27/2018 116,165.35 114,195.99 ---117,162.05 2,233.43 2.522 2.077 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378KWU9 Agency MBS Government National Mortgage Association 11/16/2041 05/03/2019 35,593.35 33,391.01 ---34,816.35 1,043.80 1.400 2.451 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B3NW4 Agency MBS Freddie Mac 09/25/2022 09/26/2018 75,851.83 75,199.98 ---76,640.69 1,291.51 2.778 1.889 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378KW47 Agency MBS Government National Mortgage Association 08/16/2035 06/13/2019 45,169.82 44,915.74 ---45,131.42 150.34 2.150 2.142 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AXHN6 Agency MBS Freddie Mac 02/25/2022 01/25/2018 52,388.03 51,667.70 ---52,301.59 341.00 1.749 1.795 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31418ASD1 Agency MBS Federal National Mortgage Association 04/01/2023 01/31/2018 48,331.56 47,862.17 ---48,353.79 375.62 2.000 1.871 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AMM48 Agency MBS Federal National Mortgage Association 07/25/2022 09/26/2018 82,632.77 81,397.85 ---83,113.69 1,278.78 2.509 2.152 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 36179M4J6 Agency MBS Government National Mortgage Association 03/20/2028 11/20/2019 30,926.66 31,298.75 ---31,406.33 105.66 2.500 1.919 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 36202FA30 Agency MBS Government National Mortgage Association 09/20/2024 10/23/2019 17,249.11 17,971.42 ---18,172.62 217.43 4.500 1.242 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B1UF7 Agency MBS Freddie Mac 09/25/2022 01/25/2018 27,971.47 27,560.63 ---27,945.73 230.30 1.785 1.767 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137BQBY2 Agency MBS Freddie Mac 03/25/2022 08/16/2019 62,165.90 62,566.58 ---62,344.94 (161.87)2.183 1.963 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3138EJPZ5 Agency MBS Federal National Mortgage Association 07/01/2022 07/22/2019 24,638.79 25,088.26 ---25,173.95 23.18 3.022 1.901 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 05/23/2018 22,567.15 23,103.13 ---23,517.01 539.20 4.000 1.688 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31418CQM9 Agency MBS Federal National Mortgage Association 10/01/2027 09/11/2019 21,791.72 22,346.73 ---22,382.72 44.90 3.000 1.941 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3140J6DU8 Agency MBS Federal National Mortgage Association 08/01/2031 07/26/2019 77,799.48 78,322.20 ---78,841.22 532.13 2.500 2.004 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3138L2GH4 Agency MBS Federal National Mortgage Association 07/01/2021 07/26/2019 21,460.13 21,344.45 ---21,426.87 59.45 1.870 1.949 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136A96F0 Agency MBS Federal National Mortgage Association 11/25/2022 02/27/2018 56,053.75 54,330.54 ---56,269.56 1,268.75 2.184 2.003 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137FGZN8 Agency MBS Freddie Mac 02/25/2023 06/18/2019 28,326.59 28,313.31 ---28,320.92 26.25 1.985 2.044 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381QB54 Agency MBS Federal National Mortgage Association 03/01/2021 11/07/2018 55,777.02 56,931.78 ---56,750.89 446.66 4.410 2.400 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 17305EFM2 Asset Backed Citibank Credit Card Issuance Trust - 2014-A1 01/21/2021 12/11/2019 500,000.00 505,531.67 ---505,115.00 (164.20)2.880 1.891 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 87165LBB6 Asset Backed Synchrony Credit Card Master Note Trust 2016-2 05/17/2021 08/02/2019 525,000.00 526,271.48 ---527,147.25 1,160.18 2.210 1.913 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 161571HJ6 Asset Backed Chase Issuance Trust 01/15/2020 03/23/2018 500,000.00 501,347.66 ---500,065.00 119.52 2.040 1.733 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 02587AAJ3 Asset Backed American Express Credit Account Master Trust 02/18/2020 06/29/2018 650,000.00 640,351.56 ---649,967.50 751.72 1.930 1.935 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 05522RCW6 Asset Backed BA Credit Card Trust - Series 2017-1 03/16/2020 09/04/2019 750,000.00 749,677.73 ---750,075.00 198.06 1.950 1.884 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 02005AGP7 Asset Backed Ally Master Owner Trust, Series 2018-1 01/15/2021 11/18/2019 175,000.00 176,374.02 ---176,240.75 8.25 2.700 2.013 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65478DAD9 Asset Backed Nissan Auto Receivables 2018-A Owner Trust 05/16/2022 06/29/2018 589,372.38 586,333.43 ---591,900.79 3,554.29 2.650 2.029 AAA 2017 Financing STAMP Portfolio by Investment Category for quarter ended December 31, 2019 ATTACHMENT 9 47 Page 22 of 42 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 2017 Financing STAMP Portfolio by Investment Category for quarter ended December 31, 2019 240907004 MIM-RCTC Toll Revenue: - I-15 38013FAD3 Asset Backed GM Financial Consumer Automobile Receivables Trust 2018-4 10/16/2023 07/24/2019 350,000.00 356,412.11 ---355,967.50 1,282.93 3.210 1.719 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 47789JAB2 Asset Backed John Deere Owner Trust 2019 10/15/2021 03/05/2019 448,942.41 448,921.93 ---450,401.47 1,468.42 2.850 2.232 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65478LAB5 Asset Backed Nissan Auto Lease Trust 2019-B 10/15/2021 07/16/2019 260,000.00 259,977.25 ---260,475.80 488.75 2.270 1.916 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 477870AB5 Asset Backed John Deere Owner Trust 2019-B 05/16/2022 07/16/2019 290,000.00 289,998.90 ---290,626.40 629.67 2.280 1.991 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 14315PAB1 Asset Backed Carmax Auto Owner Trust 2019-3 12/15/2022 07/24/2019 380,000.00 379,982.94 ---380,851.20 862.80 2.210 1.948 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 26209AAE1 Asset Backed Drive Auto Receivables Trust 2019-4 01/16/2024 09/09/2019 260,000.00 259,964.59 ---260,098.80 129.80 2.230 2.217 AA 240907004 MIM-RCTC Toll Revenue: - I-15 89114MY43 CD Toronto-Dominion Bank, New York Branch 01/08/2020 12/31/2019 1,150,000.00 1,150,109.81 ---1,150,149.50 53.42 2.250 1.646 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 86564FH48 CD Sumitomo Mitsui Trust Bank Ltd. (New York Branch)01/08/2020 12/11/2019 1,500,000.00 1,500,504.74 ---1,500,210.00 83.82 2.250 1.603 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65602VPF7 CD Norinchukin Bank NY Branch 01/10/2020 12/11/2019 1,125,000.00 1,125,346.75 ---1,125,157.50 49.89 2.200 1.678 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 60710ABM3 CD Mizuho Bank - New York Branch 01/13/2020 12/11/2019 1,500,000.00 1,500,511.65 ---1,500,255.00 68.95 2.220 1.730 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 89114NDX0 CD Toronto-Dominion Bank, New York Branch 01/17/2020 12/17/2019 1,700,000.00 1,700,000.00 ---1,700,204.00 204.00 2.000 1.744 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 62888VAA6 CMO NCUA Guaranteed Notes Trust 2010-R1 10/07/2020 01/22/2019 305,892.61 306,000.16 ---306,458.51 517.77 2.221 2.441 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 62888UAB6 CMO NCUA Guaranteed Notes Trust 2010-R2 11/05/2020 03/15/2019 222,485.30 222,815.55 ---222,518.67 (137.56)2.460 2.001 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 62888VAA6 CMO NCUA Guaranteed Notes Trust 2010-R1 10/07/2020 05/10/2019 0.01 0.01 ---0.01 0.00 2.221 2.441 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 38141EA58 Corporate The Goldman Sachs Group, Inc.03/15/2020 07/26/2017 500,000.00 540,800.00 ---503,390.00 127.48 5.375 2.031 A 240907004 MIM-RCTC Toll Revenue: - I-15 61747YDW2 Corporate Morgan Stanley 01/27/2020 07/25/2017 500,000.00 506,130.00 ---500,165.00 (14.33)2.650 2.168 A 240907004 MIM-RCTC Toll Revenue: - I-15 780082AA1 Corporate Royal Bank of Canada 02/05/2020 07/26/2017 1,500,000.00 1,497,390.00 ---1,499,790.00 (108.39)1.875 2.008 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 172967JJ1 Corporate Citigroup Inc.02/18/2020 07/25/2017 500,000.00 503,600.00 ---500,200.00 9.99 2.400 2.074 A 240907004 MIM-RCTC Toll Revenue: - I-15 06051GFN4 Corporate Bank of America Corporation 04/21/2020 12/04/2017 1,000,000.00 997,850.00 ---1,000,940.00 1,218.97 2.250 1.932 A 240907004 MIM-RCTC Toll Revenue: - I-15 31677QBG3 Corporate Fifth Third Bank 06/14/2021 07/23/2019 500,000.00 500,110.00 05/14/2021 502,710.00 2,620.95 2.250 1.848 A 240907004 MIM-RCTC Toll Revenue: - I-15 14912L6Y2 Corporate Caterpillar Financial Services Corporation 01/10/2020 07/26/2017 1,000,000.00 1,008,020.00 ---1,000,030.00 (52.50)2.100 1.960 A 240907004 MIM-RCTC Toll Revenue: - I-15 30229AAH2 CP Exxon Mobil Corporation 01/17/2020 12/04/2019 1,400,000.00 1,397,176.67 ---1,399,062.00 88.67 0.000 1.419 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 50000DAD8 CP Koch Industries, Inc.01/13/2020 12/30/2019 1,000,000.00 999,418.61 ---999,510.00 46.67 0.000 1.357 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 74456CA98 CP Public Service Electric and Gas Company 01/09/2020 12/17/2019 1,500,000.00 1,498,045.00 ---1,499,535.00 215.00 0.000 1.240 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 34108AA72 CP Florida Power & Light Company 01/07/2020 12/11/2019 1,400,000.00 1,398,204.50 ---1,399,692.00 91.00 0.000 1.131 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 69372AAE2 CP PACCAR Financial Corp.01/14/2020 12/10/2019 1,400,000.00 1,397,781.39 ---1,399,244.00 68.06 0.000 1.389 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 29878RAA6 CP European Investment Bank 01/10/2020 12/12/2019 1,500,000.00 1,498,083.33 ---1,499,460.00 150.00 0.000 1.296 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 63743CAE3 CP National Rural Utilities Cooperative Finance Corporation 01/14/2020 12/18/2019 1,500,000.00 1,498,008.75 ---1,499,190.00 148.75 0.000 1.389 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 97665RA85 CP Wisconsin Electric Power Company 01/08/2020 12/19/2019 725,000.00 724,254.86 ---724,804.25 65.05 0.000 1.215 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 63743CAG8 CP National Rural Utilities Cooperative Finance Corporation 01/16/2020 12/30/2019 1,500,000.00 1,498,853.33 ---1,499,055.00 130.00 0.000 1.418 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 64587AA79 CP New Jersey Resources Corporation 01/07/2020 12/30/2019 1,250,000.00 1,249,586.81 ---1,249,725.00 79.16 0.000 1.131 NA 240907004 MIM-RCTC Toll Revenue: - I-15 31846V203 MM Fund First American Funds, Inc. - Government Obligations Fund 12/31/2019 12/31/2019 0.00 336,808.09 ---336,808.09 0.00 1.220 1.210 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31846V203 MM Fund First American Funds, Inc. - Government Obligations Fund 12/31/2019 ---0.00 15,346.68 ---15,346.68 0.00 1.220 1.210 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 048506DN6 Muni Atlantic County Improvement Authority 06/17/2020 07/05/2019 265,000.00 267,210.10 ---266,550.25 470.90 3.250 1.967 NA 240907004 MIM-RCTC Toll Revenue: - I-15 072024WU2 Muni Bay Area Toll Authority 04/01/2020 09/20/2019 425,000.00 425,000.00 ---425,335.75 335.75 2.025 1.699 AA 240907004 MIM-RCTC Toll Revenue: - I-15 59447TXK4 Muni Michigan Finance Authority 12/01/2020 12/05/2019 255,000.00 255,000.00 ---255,147.90 147.90 2.034 1.969 AA 240907004 MIM-RCTC Toll Revenue: - I-15 459058GK3 Non-US Gov International Bank for Reconstruction and Development 08/21/2020 ---1,510,000.00 1,510,367.00 ---1,510,271.80 149.66 1.760 1.755 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 45818WCP9 Non-US Gov Inter-American Development Bank 09/16/2022 09/10/2019 1,500,000.00 1,500,000.00 ---1,499,460.00 (540.00)1.787 1.827 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UH1 TIPS United States Department of The Treasury 01/15/2023 02/05/2018 83,612.25 82,541.64 ---83,603.89 653.00 0.125 0.128 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 9128286N5 TIPS United States Department of The Treasury 04/15/2024 ---163,246.40 166,124.73 ---165,886.09 (10.04)0.500 0.122 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 912828B58 US Gov United States Department of The Treasury 01/31/2021 12/24/2019 3,500,000.00 3,517,636.72 ---3,518,305.00 754.47 2.125 1.636 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 912828Y53 US Gov United States Department of The Treasury 07/31/2020 ---6,000,000.00 6,000,750.60 ---5,998,440.00 (1,621.23)1.569 1.633 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 9128285H9 US Gov United States Department of The Treasury 10/31/2020 12/06/2018 5,300,000.00 5,299,852.27 ---5,297,456.00 (2,479.29)1.571 1.653 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VA5 US Gov United States Department of The Treasury 04/30/2020 ---665,000.00 648,627.54 ---663,856.20 1,925.48 1.125 1.642 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VV9 US Gov United States Department of The Treasury 08/31/2020 ---775,000.00 766,685.54 ---777,363.75 5,095.52 2.125 1.660 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828B58 US Gov United States Department of The Treasury 01/31/2021 ---450,000.00 446,867.58 ---452,353.50 3,345.11 2.125 1.636 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828J43 US Gov United States Department of The Treasury 02/28/2022 12/30/2019 40,000.00 40,148.44 ---40,150.00 1.74 1.750 1.573 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828L57 US Gov United States Department of The Treasury 09/30/2022 ---745,000.00 747,728.13 ---747,994.90 461.54 1.750 1.600 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828T67 US Gov United States Department of The Treasury 10/31/2021 12/09/2019 165,000.00 163,730.27 ---164,006.70 236.24 1.250 1.584 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828Y53 US Gov United States Department of The Treasury 07/31/2020 ---725,000.00 724,879.95 ---724,811.50 (82.80)1.569 1.633 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 9128285H9 US Gov United States Department of The Treasury 10/31/2020 12/06/2018 500,000.00 499,986.06 ---499,760.00 (233.90)1.571 1.653 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828YK0 US Gov United States Department of The Treasury 10/15/2022 ---415,000.00 411,599.22 ---412,472.65 746.51 1.375 1.599 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 97689P2K3 VRDN Wisconsin Housing and Economic Development Authority 09/01/2037 07/18/2019 1,300,000.00 1,300,000.00 01/31/2020 1,300,000.00 0.00 1.650 1.650 AA 240907004 MIM-RCTC Toll Revenue: - I-15 64986U4H7 VRDN New York State Housing Finance Agency 11/01/2048 07/02/2018 1,400,000.00 1,400,000.00 01/16/2020 1,400,000.00 0.00 1.620 1.620 AA 240907004 MIM-RCTC Toll Revenue: - I-15 56052FHZ1 VRDN Maine State Housing Authority 11/15/2052 07/18/2019 1,400,000.00 1,400,000.00 01/31/2020 1,400,000.00 0.00 1.650 1.650 AA 240907004 MIM-RCTC Toll Revenue: - I-15 196479G29 VRDN Colorado Housing and Finance Authority, Inc.04/01/2040 07/18/2019 1,500,000.00 1,500,000.00 01/16/2020 1,500,000.00 0.00 1.650 1.650 AAA 65,660,924.17 66,105,796.96 66,126,161.10 48,723.44 48 Page 23 of 42 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 240907004 MIM-RCTC Toll Revenue: - I-15 31416BTW8 Agency MBS Federal National Mortgage Association 01/01/2024 09/03/2019 388,287.34 405,032.24 ---405,476.82 1,502.21 5.500 1.768 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3137B2GW4 Agency MBS Freddie Mac 03/25/2020 06/29/2018 245,280.35 243,689.87 ---244,968.85 197.41 2.313 2.016 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3137B7YX1 Agency MBS Freddie Mac 04/25/2023 08/19/2019 519,735.16 526,313.06 ---524,495.94 (1,078.33) 2.592 1.883 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3137FJXN4 Agency MBS Freddie Mac 02/25/2023 08/27/2019 67,974.41 67,910.69 ---67,931.59 223.68 2.035 2.157 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 17305EFM2 Asset Backed Citibank Credit Card Issuance Trust - 2014-A1 01/21/2021 12/11/2019 500,000.00 505,531.67 ---505,115.00 (164.20) 2.880 1.891 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 87165LBB6 Asset Backed Synchrony Credit Card Master Note Trust 2016-2 05/17/2021 08/02/2019 525,000.00 526,271.48 ---527,147.25 1,160.18 2.210 1.913 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 161571HJ6 Asset Backed Chase Issuance Trust 01/15/2020 03/23/2018 500,000.00 501,347.66 ---500,065.00 119.52 2.040 1.733 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 02587AAJ3 Asset Backed American Express Credit Account Master Trust 02/18/2020 06/29/2018 650,000.00 640,351.56 ---649,967.50 751.72 1.930 1.935 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 05522RCW6 Asset Backed BA Credit Card Trust - Series 2017-1 03/16/2020 09/04/2019 750,000.00 749,677.73 ---750,075.00 198.06 1.950 1.884 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 02005AGP7 Asset Backed Ally Master Owner Trust, Series 2018-1 01/15/2021 11/18/2019 175,000.00 176,374.02 ---176,240.75 8.25 2.700 2.013 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65478DAD9 Asset Backed Nissan Auto Receivables 2018-A Owner Trust 05/16/2022 06/29/2018 589,372.38 586,333.43 ---591,900.79 3,554.29 2.650 2.029 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 38013FAD3 Asset Backed GM Financial Consumer Automobile Receivables Trust 2018-4 10/16/2023 07/24/2019 350,000.00 356,412.11 ---355,967.50 1,282.93 3.210 1.719 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 47789JAB2 Asset Backed John Deere Owner Trust 2019 10/15/2021 03/05/2019 448,942.41 448,921.93 ---450,401.47 1,468.42 2.850 2.232 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65478LAB5 Asset Backed Nissan Auto Lease Trust 2019-B 10/15/2021 07/16/2019 260,000.00 259,977.25 ---260,475.80 488.75 2.270 1.916 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 477870AB5 Asset Backed John Deere Owner Trust 2019-B 05/16/2022 07/16/2019 290,000.00 289,998.90 ---290,626.40 629.67 2.280 1.991 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 14315PAB1 Asset Backed Carmax Auto Owner Trust 2019-3 12/15/2022 07/24/2019 380,000.00 379,982.94 ---380,851.20 862.80 2.210 1.948 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 26209AAE1 Asset Backed Drive Auto Receivables Trust 2019-4 01/16/2024 09/09/2019 260,000.00 259,964.59 ---260,098.80 129.80 2.230 2.217 AA 240907004 MIM-RCTC Toll Revenue: - I-15 89114MY43 CD Toronto-Dominion Bank, New York Branch 01/08/2020 12/31/2019 1,150,000.00 1,150,109.81 ---1,150,149.50 53.42 2.250 1.646 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 86564FH48 CD Sumitomo Mitsui Trust Bank Ltd. (New York Branch)01/08/2020 12/11/2019 1,500,000.00 1,500,504.74 ---1,500,210.00 83.82 2.250 1.603 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65602VPF7 CD Norinchukin Bank NY Branch 01/10/2020 12/11/2019 1,125,000.00 1,125,346.75 ---1,125,157.50 49.89 2.200 1.678 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 60710ABM3 CD Mizuho Bank - New York Branch 01/13/2020 12/11/2019 1,500,000.00 1,500,511.65 ---1,500,255.00 68.95 2.220 1.730 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 89114NDX0 CD Toronto-Dominion Bank, New York Branch 01/17/2020 12/17/2019 1,700,000.00 1,700,000.00 ---1,700,204.00 204.00 2.000 1.744 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 62888VAA6 CMO NCUA Guaranteed Notes Trust 2010-R1 10/07/2020 01/22/2019 305,892.61 306,000.16 ---306,458.51 517.77 2.221 2.441 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 62888UAB6 CMO NCUA Guaranteed Notes Trust 2010-R2 11/05/2020 03/15/2019 222,485.30 222,815.55 ---222,518.67 (137.56) 2.460 2.001 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 38141EA58 Corporate The Goldman Sachs Group, Inc.03/15/2020 07/26/2017 500,000.00 540,800.00 ---503,390.00 127.48 5.375 2.031 A 240907004 MIM-RCTC Toll Revenue: - I-15 61747YDW2 Corporate Morgan Stanley 01/27/2020 07/25/2017 500,000.00 506,130.00 ---500,165.00 (14.33) 2.650 2.168 A 240907004 MIM-RCTC Toll Revenue: - I-15 780082AA1 Corporate Royal Bank of Canada 02/05/2020 07/26/2017 1,500,000.00 1,497,390.00 ---1,499,790.00 (108.39) 1.875 2.008 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 172967JJ1 Corporate Citigroup Inc.02/18/2020 07/25/2017 500,000.00 503,600.00 ---500,200.00 9.99 2.400 2.074 A 240907004 MIM-RCTC Toll Revenue: - I-15 06051GFN4 Corporate Bank of America Corporation 04/21/2020 12/04/2017 1,000,000.00 997,850.00 ---1,000,940.00 1,218.97 2.250 1.932 A 240907004 MIM-RCTC Toll Revenue: - I-15 31677QBG3 Corporate Fifth Third Bank 06/14/2021 07/23/2019 500,000.00 500,110.00 05/14/2021 502,710.00 2,620.95 2.250 1.848 A 240907004 MIM-RCTC Toll Revenue: - I-15 14912L6Y2 Corporate Caterpillar Financial Services Corporation 01/10/2020 07/26/2017 1,000,000.00 1,008,020.00 ---1,000,030.00 (52.50) 2.100 1.960 A 240907004 MIM-RCTC Toll Revenue: - I-15 30229AAH2 CP Exxon Mobil Corporation 01/17/2020 12/04/2019 1,400,000.00 1,397,176.67 ---1,399,062.00 88.67 0.000 1.419 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 50000DAD8 CP Koch Industries, Inc.01/13/2020 12/30/2019 1,000,000.00 999,418.61 ---999,510.00 46.67 0.000 1.357 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 74456CA98 CP Public Service Electric and Gas Company 01/09/2020 12/17/2019 1,500,000.00 1,498,045.00 ---1,499,535.00 215.00 0.000 1.240 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 34108AA72 CP Florida Power & Light Company 01/07/2020 12/11/2019 1,400,000.00 1,398,204.50 ---1,399,692.00 91.00 0.000 1.131 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 69372AAE2 CP PACCAR Financial Corp.01/14/2020 12/10/2019 1,400,000.00 1,397,781.39 ---1,399,244.00 68.06 0.000 1.389 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 29878RAA6 CP European Investment Bank 01/10/2020 12/12/2019 1,500,000.00 1,498,083.33 ---1,499,460.00 150.00 0.000 1.296 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 63743CAE3 CP National Rural Utilities Cooperative Finance Corporation 01/14/2020 12/18/2019 1,500,000.00 1,498,008.75 ---1,499,190.00 148.75 0.000 1.389 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 97665RA85 CP Wisconsin Electric Power Company 01/08/2020 12/19/2019 725,000.00 724,254.86 ---724,804.25 65.05 0.000 1.215 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 63743CAG8 CP National Rural Utilities Cooperative Finance Corporation 01/16/2020 12/30/2019 1,500,000.00 1,498,853.33 ---1,499,055.00 130.00 0.000 1.418 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 64587AA79 CP New Jersey Resources Corporation 01/07/2020 12/30/2019 1,250,000.00 1,249,586.81 ---1,249,725.00 79.16 0.000 1.131 NA 240907004 MIM-RCTC Toll Revenue: - I-15 31846V203 MM Fund First American Funds, Inc. - Government Obligations Fund 12/31/2019 12/31/2019 - 336,808.09 ---336,808.09 - 1.220 1.210 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 048506DN6 Muni Atlantic County Improvement Authority 06/17/2020 07/05/2019 265,000.00 267,210.10 ---266,550.25 470.90 3.250 1.967 NA 240907004 MIM-RCTC Toll Revenue: - I-15 072024WU2 Muni Bay Area Toll Authority 04/01/2020 09/20/2019 425,000.00 425,000.00 ---425,335.75 335.75 2.025 1.699 AA 240907004 MIM-RCTC Toll Revenue: - I-15 59447TXK4 Muni Michigan Finance Authority 12/01/2020 12/05/2019 255,000.00 255,000.00 ---255,147.90 147.90 2.034 1.969 AA 240907004 MIM-RCTC Toll Revenue: - I-15 459058GK3 Non-US Gov International Bank for Reconstruction and Development 08/21/2020 ---1,510,000.00 1,510,367.00 ---1,510,271.80 149.66 1.760 1.755 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 45818WCP9 Non-US Gov Inter-American Development Bank 09/16/2022 09/10/2019 1,500,000.00 1,500,000.00 ---1,499,460.00 (540.00) 1.787 1.827 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 912828B58 US Gov United States Department of The Treasury 01/31/2021 12/24/2019 3,500,000.00 3,517,636.72 ---3,518,305.00 754.47 2.125 1.636 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 912828Y53 US Gov United States Department of The Treasury 07/31/2020 ---6,000,000.00 6,000,750.60 ---5,998,440.00 (1,621.23) 1.569 1.633 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 9128285H9 US Gov United States Department of The Treasury 10/31/2020 12/06/2018 5,300,000.00 5,299,852.27 ---5,297,456.00 (2,479.29) 1.571 1.653 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 97689P2K3 VRDN Wisconsin Housing and Economic Development Authority 09/01/2037 07/18/2019 1,300,000.00 1,300,000.00 01/31/2020 1,300,000.00 - 1.650 1.650 AA 240907004 MIM-RCTC Toll Revenue: - I-15 64986U4H7 VRDN New York State Housing Finance Agency 11/01/2048 07/02/2018 1,400,000.00 1,400,000.00 01/16/2020 1,400,000.00 - 1.620 1.620 AA 240907004 MIM-RCTC Toll Revenue: - I-15 56052FHZ1 VRDN Maine State Housing Authority 11/15/2052 07/18/2019 1,400,000.00 1,400,000.00 01/31/2020 1,400,000.00 - 1.650 1.650 AA 240907004 MIM-RCTC Toll Revenue: - I-15 196479G29 VRDN Colorado Housing and Finance Authority, Inc.04/01/2040 07/18/2019 1,500,000.00 1,500,000.00 01/16/2020 1,500,000.00 - 1.650 1.650 AAA 57,432,969.96 57,855,317.82 57,831,035.87 14,278.13 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137EADB2 Agency Freddie Mac 01/13/2022 09/30/2019 400,000.00 406,425.20 ---406,168.00 432.79 2.375 1.601 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3130AECJ7 Agency Federal Home Loan Banks 05/28/2020 07/03/2018 350,000.00 350,150.50 ---351,368.50 1,334.21 2.625 1.657 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38377REV3 Agency CMO Government National Mortgage Association 10/20/2039 07/01/2019 33,792.50 34,463.07 ---34,411.24 (2.72) 3.500 2.373 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AH6C7 Agency CMO Freddie Mac 07/25/2021 11/29/2018 95,877.80 96,050.08 ---97,054.22 1,076.17 3.230 2.215 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376V2E6 Agency CMO Government National Mortgage Association 07/16/2039 08/06/2019 22,472.09 23,385.02 ---23,548.50 209.01 4.000 1.664 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AJMF8 Agency CMO Freddie Mac 10/25/2021 11/29/2018 94,055.41 93,743.12 ---95,195.36 1,406.11 2.968 2.086 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375XCM4 Agency CMO Government National Mortgage Association 11/16/2037 05/14/2019 25,319.70 26,036.77 ---26,094.74 160.69 5.000 2.604 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 383742C76 Agency CMO Government National Mortgage Association 08/16/2037 01/31/2018 61,232.15 62,762.95 ---62,292.69 (97.57) 4.000 3.033 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375JCJ2 Agency CMO Government National Mortgage Association 12/16/2037 01/31/2018 1,858.87 1,864.68 ---1,856.53 (2.34) 5.305 2.844 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378BXQ7 Agency CMO Government National Mortgage Association 01/16/2036 06/17/2019 14,931.12 14,781.80 ---14,837.35 (4.61) 1.537 2.945 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376YPU9 Agency CMO Government National Mortgage Association 12/20/2038 05/10/2019 20,504.48 20,363.51 ---20,544.87 156.72 2.500 2.061 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ATRW4 Agency CMO Freddie Mac 05/25/2022 09/26/2018 100,000.00 97,238.28 ---100,788.00 2,652.75 2.373 1.948 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ASR97 Agency CMO Freddie Mac 01/25/2022 02/27/2018 16,293.72 15,927.11 ---16,220.73 116.94 1.573 1.989 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136A72D3 Agency CMO Federal National Mortgage Association 04/25/2022 07/26/2019 14,590.54 14,675.92 ---14,675.46 (3.84) 2.482 2.136 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AYCE9 Agency CMO Freddie Mac 10/25/2022 08/13/2019 100,000.00 102,164.06 ---101,680.00 (207.20) 2.682 1.984 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31397QWZ7 Agency CMO Federal National Mortgage Association 09/25/2029 09/28/2018 27,887.72 28,131.73 ---28,011.82 83.97 4.000 2.115 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378HXH4 Agency CMO Government National Mortgage Association 09/16/2027 03/08/2019 6,654.41 6,308.63 ---6,538.49 199.41 1.250 2.039 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31392J6N4 Agency CMO Federal National Mortgage Association 04/25/2023 12/05/2017 330,683.82 359,744.60 ---342,912.51 (6,466.04) 5.500 2.393 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B84S3 Agency CMO Freddie Mac 02/15/2029 01/31/2018 87,349.07 86,257.21 ---87,533.38 974.52 2.000 1.833 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137A5FP4 Agency CMO Freddie Mac 01/15/2021 01/30/2018 42,322.24 42,428.05 ---42,484.33 135.22 2.500 1.901 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31398N2K9 Agency CMO Federal National Mortgage Association 11/25/2025 01/31/2018 11.23 11.27 ---11.22 (0.01) 3.500 2.327 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378JZD7 Agency CMO Government National Mortgage Association 12/20/2040 10/16/2019 17,598.85 17,378.87 ---17,662.73 279.33 1.500 1.258 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38377QKH9 Agency CMO Government National Mortgage Association 08/20/2040 08/20/2019 21,093.79 21,476.95 ---21,466.94 (7.66) 3.000 2.276 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378CDK0 Agency CMO Government National Mortgage Association 03/20/2035 01/30/2018 35,731.86 36,061.26 ---35,805.46 10.80 3.000 1.955 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378AWX5 Agency CMO Government National Mortgage Association 01/20/2036 01/30/2018 81,755.40 82,547.41 ---82,229.58 168.91 3.000 1.928 AAA 2017 Financing STAMP Portfolio by Account for quarter ended December 31, 2019 ATTACHMENT 10 49 Page 24 of 42 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 2017 Financing STAMP Portfolio by Account for quarter ended December 31, 2019 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378DDC6 Agency CMO Government National Mortgage Association 04/20/2038 06/20/2018 28,325.83 28,517.25 ---28,387.01 24.22 3.500 2.327 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38379HLE3 Agency CMO Government National Mortgage Association 05/20/2043 10/18/2018 58,142.23 58,060.46 ---59,469.03 1,412.45 3.500 1.983 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378VC45 Agency CMO Government National Mortgage Association 12/16/2041 11/23/2018 58,767.32 56,646.19 ---58,669.77 1,851.18 2.250 2.285 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38377JM59 Agency CMO Government National Mortgage Association 10/20/2039 11/21/2018 30,415.10 29,654.74 ---30,387.43 634.87 2.500 2.492 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ARBX3 Agency CMO Freddie Mac 03/15/2039 03/14/2019 37,148.05 36,619.85 ---37,088.98 532.32 2.090 2.216 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376YFF3 Agency CMO Government National Mortgage Association 03/20/2039 06/03/2019 6,904.85 6,956.63 ---6,976.73 35.46 4.000 2.152 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38379JM99 Agency CMO Government National Mortgage Association 02/16/2041 08/28/2019 21,628.27 21,767.67 ---21,893.65 134.46 2.500 1.796 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31283K5N4 Agency MBS Freddie Mac 08/01/2020 12/05/2017 128,829.31 131,731.06 ---133,143.81 2,741.75 5.000 -9.100 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3620A9WV9 Agency MBS Government National Mortgage Association 12/15/2024 05/23/2018 10,574.70 10,806.03 ---11,006.26 254.16 4.000 1.662 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3138NJAE8 Agency MBS Federal National Mortgage Association 12/01/2020 09/13/2018 21,942.98 22,196.70 ---21,925.43 (171.87) 3.630 3.673 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381RLL6 Agency MBS Federal National Mortgage Association 07/01/2021 11/02/2018 44,995.36 45,663.27 ---45,904.71 532.60 3.840 2.141 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381SVJ8 Agency MBS Federal National Mortgage Association 11/01/2021 02/22/2019 42,224.31 42,435.44 ---43,002.51 665.22 3.330 2.186 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 36202F2H8 Agency MBS Government National Mortgage Association 01/20/2027 12/12/2019 33,148.68 33,967.04 ---34,043.69 69.69 3.000 1.834 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 36178NB99 Agency MBS Government National Mortgage Association 08/15/2027 10/11/2019 37,646.16 38,063.80 ---38,163.42 102.55 2.500 1.979 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AC7J4 Agency MBS Federal National Mortgage Association 03/25/2023 02/21/2018 35,525.16 34,940.94 ---35,991.96 835.73 2.521 2.180 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31418AU48 Agency MBS Federal National Mortgage Association 07/01/2023 05/21/2019 0.00 0.00 ---(0.00) (0.00) 2.500 1.225 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B1U75 Agency MBS Freddie Mac 01/25/2023 02/27/2018 116,165.35 114,195.99 ---117,162.05 2,233.43 2.522 2.077 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378KWU9 Agency MBS Government National Mortgage Association 11/16/2041 05/03/2019 35,593.35 33,391.01 ---34,816.35 1,043.80 1.400 2.451 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B3NW4 Agency MBS Freddie Mac 09/25/2022 09/26/2018 75,851.83 75,199.98 ---76,640.69 1,291.51 2.778 1.889 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378KW47 Agency MBS Government National Mortgage Association 08/16/2035 06/13/2019 45,169.82 44,915.74 ---45,131.42 150.34 2.150 2.142 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AXHN6 Agency MBS Freddie Mac 02/25/2022 01/25/2018 52,388.03 51,667.70 ---52,301.59 341.00 1.749 1.795 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31418ASD1 Agency MBS Federal National Mortgage Association 04/01/2023 01/31/2018 48,331.56 47,862.17 ---48,353.79 375.62 2.000 1.871 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AMM48 Agency MBS Federal National Mortgage Association 07/25/2022 09/26/2018 82,632.77 81,397.85 ---83,113.69 1,278.78 2.509 2.152 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 36179M4J6 Agency MBS Government National Mortgage Association 03/20/2028 11/20/2019 30,926.66 31,298.75 ---31,406.33 105.66 2.500 1.919 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 36202FA30 Agency MBS Government National Mortgage Association 09/20/2024 10/23/2019 17,249.11 17,971.42 ---18,172.62 217.43 4.500 1.242 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B1UF7 Agency MBS Freddie Mac 09/25/2022 01/25/2018 27,971.47 27,560.63 ---27,945.73 230.30 1.785 1.767 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137BQBY2 Agency MBS Freddie Mac 03/25/2022 08/16/2019 62,165.90 62,566.58 ---62,344.94 (161.87) 2.183 1.963 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3138EJPZ5 Agency MBS Federal National Mortgage Association 07/01/2022 07/22/2019 24,638.79 25,088.26 ---25,173.95 23.18 3.022 1.901 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 05/23/2018 22,567.15 23,103.13 ---23,517.01 539.20 4.000 1.688 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31418CQM9 Agency MBS Federal National Mortgage Association 10/01/2027 09/11/2019 21,791.72 22,346.73 ---22,382.72 44.90 3.000 1.941 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3140J6DU8 Agency MBS Federal National Mortgage Association 08/01/2031 07/26/2019 77,799.48 78,322.20 ---78,841.22 532.13 2.500 2.004 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3138L2GH4 Agency MBS Federal National Mortgage Association 07/01/2021 07/26/2019 21,460.13 21,344.45 ---21,426.87 59.45 1.870 1.949 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136A96F0 Agency MBS Federal National Mortgage Association 11/25/2022 02/27/2018 56,053.75 54,330.54 ---56,269.56 1,268.75 2.184 2.003 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137FGZN8 Agency MBS Freddie Mac 02/25/2023 06/18/2019 28,326.59 28,313.31 ---28,320.92 26.25 1.985 2.044 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381QB54 Agency MBS Federal National Mortgage Association 03/01/2021 11/07/2018 55,777.02 56,931.78 ---56,750.89 446.66 4.410 2.400 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 62888VAA6 CMO NCUA Guaranteed Notes Trust 2010-R1 10/07/2020 05/10/2019 0.01 0.01 ---0.01 0.00 2.221 2.441 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31846V203 MM Fund First American Funds, Inc. - Government Obligations Fund 12/31/2019 ---- 15,346.68 ---15,346.68 - 1.220 1.210 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UH1 TIPS United States Department of The Treasury 01/15/2023 02/05/2018 83,612.25 82,541.64 ---83,603.89 653.00 0.125 0.128 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 9128286N5 TIPS United States Department of The Treasury 04/15/2024 ---163,246.40 166,124.73 ---165,886.09 (10.04) 0.500 0.122 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VA5 US Gov United States Department of The Treasury 04/30/2020 ---665,000.00 648,627.54 ---663,856.20 1,925.48 1.125 1.642 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VV9 US Gov United States Department of The Treasury 08/31/2020 ---775,000.00 766,685.54 ---777,363.75 5,095.52 2.125 1.660 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828B58 US Gov United States Department of The Treasury 01/31/2021 ---450,000.00 446,867.58 ---452,353.50 3,345.11 2.125 1.636 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828J43 US Gov United States Department of The Treasury 02/28/2022 12/30/2019 40,000.00 40,148.44 ---40,150.00 1.74 1.750 1.573 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828L57 US Gov United States Department of The Treasury 09/30/2022 ---745,000.00 747,728.13 ---747,994.90 461.54 1.750 1.600 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828T67 US Gov United States Department of The Treasury 10/31/2021 12/09/2019 165,000.00 163,730.27 ---164,006.70 236.24 1.250 1.584 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828Y53 US Gov United States Department of The Treasury 07/31/2020 ---725,000.00 724,879.95 ---724,811.50 (82.80) 1.569 1.633 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 9128285H9 US Gov United States Department of The Treasury 10/31/2020 12/06/2018 500,000.00 499,986.06 ---499,760.00 (233.90) 1.571 1.653 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828YK0 US Gov United States Department of The Treasury 10/15/2022 ---415,000.00 411,599.22 ---412,472.65 746.51 1.375 1.599 AAA 8,227,954.21 8,250,479.14 8,295,125.22 34,445.31 Total 65,660,924.17 66,105,796.96 66,126,161.10 48,723.44 127 50 Page 25 of 42 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance 240907004 MIM-RCTC Toll Revenue: - I-15 38141EA58 GOLDMAN SACHS GROUP INC 507,190.00 - - - - - (4,056.10) 256.10 503,390.00 7,913.19 240907004 MIM-RCTC Toll Revenue: - I-15 31416BTW8 FN 995265 435,256.08 - - - (44,820.48) (1,908.34) (1,227.88) 885.43 388,184.80 1,703.76 240907004 MIM-RCTC Toll Revenue: - I-15 38013FAD3 GMCAR 184 A3 356,195.00 - - - - - (1,132.75) 905.25 355,967.50 468.13 240907004 MIM-RCTC Toll Revenue: - I-15 83050PBJ7 Skandinaviska Enskilda Banken AB (publ.)- 1,500,853.53 - (1,500,000.00) - - (853.53) - - - 240907004 MIM-RCTC Toll Revenue: - I-15 14912L6Y2 CATERPILLAR FINANCIAL SERVICES CORP 1,000,150.00 - - - - - (843.35) 723.35 1,000,030.00 9,975.00 240907004 MIM-RCTC Toll Revenue: - I-15 63873NV99 Natixis, New York Branch 1,500,735.00 - - (1,500,000.00) - - (663.66) (71.34) - - 240907004 MIM-RCTC Toll Revenue: - I-15 61747YDW2 MORGAN STANLEY 500,750.00 - - - - - (634.56) 49.56 500,165.00 5,668.06 240907004 MIM-RCTC Toll Revenue: - I-15 3137B7YX1 FHMS K037 A1 562,088.67 - - - (36,964.66) (444.99) (619.42) 436.34 524,495.94 1,122.63 240907004 MIM-RCTC Toll Revenue: - I-15 65602VMU7 Norinchukin Bank NY Branch 1,475,575.25 - - (1,475,000.00) - - (603.35) 28.10 - - 240907004 MIM-RCTC Toll Revenue: - I-15 048506DN6 ATLANTIC CNTY N J IMPT AUTH REV 267,011.35 - - - - - (591.07) 129.97 266,550.25 4,617.26 240907004 MIM-RCTC Toll Revenue: - I-15 40428HPN6 HSBC USA INC (NEW)1,000,220.00 - - (1,000,000.00) - - (563.91) 343.91 - - 240907004 MIM-RCTC Toll Revenue: - I-15 06367TPX2 BANK OF MONTREAL 1,000,080.00 - - (1,000,000.00) - - (441.87) 361.87 - - 240907004 MIM-RCTC Toll Revenue: - I-15 86564FH48 Sumitomo Mitsui Trust Bank Ltd. (New York Branch)- 1,500,504.74 - - - - (378.56) 83.82 1,500,210.00 15,937.50 240907004 MIM-RCTC Toll Revenue: - I-15 55379WC61 MUFG Bank Ltd. (New York Branch)- 1,150,374.84 - (1,150,000.00) - - (374.84) - - - 240907004 MIM-RCTC Toll Revenue: - I-15 172967JJ1 CITIGROUP INC 500,435.00 - - - - - (364.19) 129.19 500,200.00 4,433.33 240907004 MIM-RCTC Toll Revenue: - I-15 65558THW8 Nordea Bank Abp, New York Branch - 1,500,363.67 - (1,500,000.00) - - (363.67) - - - 240907004 MIM-RCTC Toll Revenue: - I-15 17401QAB7 CITIZENS BANK NA 1,000,130.00 - - (1,000,000.00) - - (357.02) 227.02 - - 240907004 MIM-RCTC Toll Revenue: - I-15 60710ABM3 Mizuho Bank - New York Branch - 1,500,511.65 - - - - (325.60) 68.95 1,500,255.00 16,095.00 240907004 MIM-RCTC Toll Revenue: - I-15 65602VPF7 Norinchukin Bank NY Branch - 1,125,346.75 - - - - (239.14) 49.89 1,125,157.50 11,893.75 240907004 MIM-RCTC Toll Revenue: - I-15 912828Y53 UNITED STATES TREASURY 3,696,263.00 - - - - - (228.21) 3,003.21 3,699,038.00 10,190.28 240907004 MIM-RCTC Toll Revenue: - I-15 87165LBB6 SYNCT 162 A 526,743.00 - - - - - (177.29) 581.54 527,147.25 515.67 240907004 MIM-RCTC Toll Revenue: - I-15 3137FJXN4 FHMS KI03 A 362,596.31 - - - (294,915.85) 311.56 (159.00) 98.57 67,931.59 26.90 240907004 MIM-RCTC Toll Revenue: - I-15 17305EFM2 CCCIT 14A1 A1 - 308,383.62 - - - - (154.44) (109.03) 308,120.15 3,904.00 240907004 MIM-RCTC Toll Revenue: - I-15 02005AGP7 AMOT 181 A2 - 176,374.02 - - - - (141.52) 8.25 176,240.75 210.00 240907004 MIM-RCTC Toll Revenue: - I-15 17305EFM2 CCCIT 14A1 A1 - 197,148.05 - - - - (98.03) (55.17) 196,994.85 2,496.00 240907004 MIM-RCTC Toll Revenue: - I-15 60710ABX9 Mizuho Bank - New York Branch - 1,150,089.30 - (1,150,000.00) - - (89.30) - - - 240907004 MIM-RCTC Toll Revenue: - I-15 912828B58 UNITED STATES TREASURY - 3,517,636.72 - - - - (86.19) 754.47 3,518,305.00 31,124.32 240907004 MIM-RCTC Toll Revenue: - I-15 3130AG5X9 FEDERAL HOME LOAN BANKS 1,700,255.00 - - (1,700,000.00) - - (69.74) (185.26) - - 240907004 MIM-RCTC Toll Revenue: - I-15 31416BTW8 FN 995265 19,388.85 - - - (1,996.57) (85.01) (54.70) 39.44 17,292.02 75.90 240907004 MIM-RCTC Toll Revenue: - I-15 62888UAB6 NGN 10R2 2A 243,394.83 - - - (20,525.57) (18.95) (52.42) (279.23) 222,518.67 395.20 240907004 MIM-RCTC Toll Revenue: - I-15 83050PBF5 Skandinaviska Enskilda Banken AB (publ.)850,068.00 - - (850,000.00) - - (40.26) (27.74) - - 240907004 MIM-RCTC Toll Revenue: - I-15 912828Y53 UNITED STATES TREASURY 449,545.50 - - - - - (25.29) 362.79 449,883.00 1,239.36 240907004 MIM-RCTC Toll Revenue: - I-15 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 500,260.00 - - - - - (24.28) (145.72) 500,090.00 1,011.11 240907004 MIM-RCTC Toll Revenue: - I-15 62888VAA6 NGN 10R1 1A 341,192.75 - - - (35,153.49) (6.78) (16.57) 442.60 306,458.51 490.67 240907004 MIM-RCTC Toll Revenue: - I-15 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 300,156.00 - - - - - (14.63) (87.37) 300,054.00 606.67 240907004 MIM-RCTC Toll Revenue: - I-15 89114MY43 Toronto-Dominion Bank, New York Branch - 1,150,109.81 - - - - (13.73) 53.42 1,150,149.50 12,937.50 240907004 MIM-RCTC Toll Revenue: - I-15 31677QBG3 FIFTH THIRD BANK (OHIO)501,600.00 - - - - - (12.36) 1,122.36 502,710.00 531.25 240907004 MIM-RCTC Toll Revenue: - I-15 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 185,096.20 - - - - - (9.31) (53.59) 185,033.30 374.11 240907004 MIM-RCTC Toll Revenue: - I-15 477870AB5 JDOT 19B A2 290,667.00 - - - - - (2.86) (37.74) 290,626.40 275.50 240907004 MIM-RCTC Toll Revenue: - I-15 31846V203 FIRST AMER:GVT OBLG Y 208,396.50 57,851,959.19 (57,723,547.60) - - - - - 336,808.09 - 240907004 MIM-RCTC Toll Revenue: - I-15 392274A89 GREATER ORLANDO AVIATION AUTH ORLANDO FLA ARPT FAC 700,000.00 - - (700,000.00) - - - - - - 240907004 MIM-RCTC Toll Revenue: - I-15 56052FHZ1 MAINE ST HSG AUTH MTG PUR 1,400,000.00 - - - - - - - 1,400,000.00 2,986.03 240907004 MIM-RCTC Toll Revenue: - I-15 65602VTK2 Norinchukin Bank NY Branch - 1,500,000.00 - (1,500,000.00) - - - - - - 240907004 MIM-RCTC Toll Revenue: - I-15 64986U4H7 NEW YORK ST HSG FIN AGY REV 1,400,000.00 - - - - - - - 1,400,000.00 1,822.68 240907004 MIM-RCTC Toll Revenue: - I-15 65479PAA7 NALT 19A A1 162,282.32 - - - (162,233.66) 0.01 - (48.67) - - 240907004 MIM-RCTC Toll Revenue: - I-15 3130AH2K8 FEDERAL HOME LOAN BANKS 2,075,041.50 - - (2,075,000.00) - - - (41.50) - - 240907004 MIM-RCTC Toll Revenue: - I-15 072024WU2 BAY AREA TOLL AUTH CALIF TOLL BRDG REV 425,148.75 - - - - - - 187.00 425,335.75 2,271.09 240907004 MIM-RCTC Toll Revenue: - I-15 59447TXK4 MICHIGAN FIN AUTH REV - 255,000.00 - - - - - 147.90 255,147.90 187.30 240907004 MIM-RCTC Toll Revenue: - I-15 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 525,273.00 - - - - - - (178.50) 525,094.50 1,061.67 240907004 MIM-RCTC Toll Revenue: - I-15 89114NDX0 Toronto-Dominion Bank, New York Branch - 1,700,000.00 - - - - - 204.00 1,700,204.00 1,416.67 240907004 MIM-RCTC Toll Revenue: - I-15 97689P2K3 WISCONSIN HSG & ECONOMIC DEV AUTH HOME OWNERSHIP R 1,300,000.00 - - - - - - - 1,300,000.00 8,106.22 240907004 MIM-RCTC Toll Revenue: - I-15 3135G0U68 FEDERAL NATIONAL MORTGAGE ASSOCIATION 375,026.25 - - (375,000.00) - - - (26.25) - - 240907004 MIM-RCTC Toll Revenue: - I-15 31680YAA5 FITAT 191 A1 84,934.68 - - - (84,920.25) 0.01 - (14.44) - - 240907004 MIM-RCTC Toll Revenue: - I-15 196479G29 COLORADO HSG & FIN AUTH 1,500,000.00 - - - - - - - 1,500,000.00 6,751.64 240907004 MIM-RCTC Toll Revenue: - I-15 3134GT4Q3 FEDERAL HOME LOAN MORTGAGE CORP - 450,000.00 - (450,000.00) - - - - - - 240907004 MIM-RCTC Toll Revenue: - I-15 45818WCP9 INTER-AMERICAN DEVELOPMENT BANK 1,500,435.00 - - - - - - (975.00) 1,499,460.00 1,191.15 240907004 MIM-RCTC Toll Revenue: - I-15 47789JAB2 JDOT 2019 A2 532,443.30 - - - (81,057.59) 1.57 1.88 (987.69) 450,401.47 568.66 240907004 MIM-RCTC Toll Revenue: - I-15 161571HJ6 CHAIT 171 A 500,275.00 - - - - - 1.95 (211.95) 500,065.00 453.28 240907004 MIM-RCTC Toll Revenue: - I-15 14315PAB1 CARMX 193 A2A 380,805.60 - - - - - 3.42 42.18 380,851.20 373.24 240907004 MIM-RCTC Toll Revenue: - I-15 26209AAE1 DRIVE 194 B 259,675.00 - - - - - 3.88 419.93 260,098.80 257.69 240907004 MIM-RCTC Toll Revenue: - I-15 65478LAB5 NALT 19B A2A 260,410.80 - - - - - 5.05 59.95 260,475.80 262.31 240907004 MIM-RCTC Toll Revenue: - I-15 9128285H9 UNITED STATES TREASURY 5,291,626.00 - - - - - 19.58 5,810.42 5,297,456.00 14,615.15 240907004 MIM-RCTC Toll Revenue: - I-15 50000DAD8 Koch Industries, Inc.- 999,418.61 - - - - 44.72 46.67 999,510.00 - 240907004 MIM-RCTC Toll Revenue: - I-15 64587AA79 New Jersey Resources Corporation - 1,249,586.81 - - - - 59.03 79.16 1,249,725.00 - 240907004 MIM-RCTC Toll Revenue: - I-15 63743CAG8 National Rural Utilities Cooperative Finance Corpo - 1,498,853.33 - - - - 71.67 130.00 1,499,055.00 - 240907004 MIM-RCTC Toll Revenue: - I-15 912828Y53 UNITED STATES TREASURY - 449,631.28 - - - - 82.39 169.33 449,883.00 1,239.36 240907004 MIM-RCTC Toll Revenue: - I-15 912828Y53 UNITED STATES TREASURY 1,398,586.00 - - - - - 102.67 947.33 1,399,636.00 3,855.78 240907004 MIM-RCTC Toll Revenue: - I-15 24422ETJ8 JOHN DEERE CAPITAL CORP 1,124,786.25 - - (1,125,000.00) - - 105.81 107.94 - - 240907004 MIM-RCTC Toll Revenue: - I-15 05522RCW6 BACCT 171 A 749,550.00 - - - - - 155.33 369.67 750,075.00 650.00 240907004 MIM-RCTC Toll Revenue: - I-15 50000EX33 Koch Industries, Inc.1,499,835.00 - - (1,500,000.00) - - 170.00 (5.00) - - 240907004 MIM-RCTC Toll Revenue: - I-15 3137B2GW4 FHMS K713 A2 550,932.20 - - - (306,203.33) 698.15 181.43 (639.60) 244,968.85 472.78 240907004 MIM-RCTC Toll Revenue: - I-15 21201CX43 Continental Rubber of America, Corp.999,840.00 - - (1,000,000.00) - - 183.33 (23.33) - - 240907004 MIM-RCTC Toll Revenue: - I-15 06051GFN4 BANK OF AMERICA CORP 1,001,070.00 - - - - - 230.64 (360.64) 1,000,940.00 4,375.00 240907004 MIM-RCTC Toll Revenue: - I-15 780082AA1 ROYAL BANK OF CANADA 1,498,440.00 - - - - - 267.09 1,082.91 1,499,790.00 11,406.25 240907004 MIM-RCTC Toll Revenue: - I-15 65478DAD9 NAROT 18A A3 602,838.00 - - - (10,627.62) 18.98 315.76 (644.32) 591,900.79 694.15 240907004 MIM-RCTC Toll Revenue: - I-15 21687BZG9 Cooperatieve Rabobank U.A., New York Branch - 1,399,640.67 - (1,400,000.00) - - 359.33 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 97665RA85 Wisconsin Electric Power Company - 724,254.86 - - - - 484.34 65.05 724,804.25 - 240907004 MIM-RCTC Toll Revenue: - I-15 64587BZA3 New Jersey Natural Gas Company - 1,399,514.08 - (1,400,000.00) - - 485.92 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 97670SZ30 Wisconsin Gas LLC - 1,499,510.00 - (1,500,000.00) - - 490.00 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 63743DZB0 National Rural Utilities Cooperative Finance Corpo - 1,399,505.33 - (1,400,000.00) - - 494.67 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 13668MZG5 Canadian Tire Corporation, Limited - 1,399,490.94 - (1,400,000.00) - - 509.06 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 23337UX79 DTE Gas Company 1,499,505.00 - - (1,500,000.00) - - 545.00 (50.00) - - 240907004 MIM-RCTC Toll Revenue: - I-15 64587BYC0 New Jersey Natural Gas Company - 1,499,416.67 - (1,500,000.00) - - 583.33 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 21201CXF8 Continental Rubber of America, Corp.- 1,499,276.67 - (1,500,000.00) - - 723.33 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 63743DYK1 National Rural Utilities Cooperative Finance Corpo - 1,499,266.67 - (1,500,000.00) - - 733.33 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 63743DY88 National Rural Utilities Cooperative Finance Corpo - 1,499,258.34 - (1,500,000.00) - - 741.66 - - - 2017 Financing STAMP Portfolio Transaction Report by Account Quarter ended December 31, 2019 ATTACHMENT 11 51 Page 26 of 42 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance 2017 Financing STAMP Portfolio Transaction Report by Account Quarter ended December 31, 2019 240907004 MIM-RCTC Toll Revenue: - I-15 23336KXQ0 DTE Electric Company 599,244.00 - - (600,000.00) - - 766.67 (10.67) - - 240907004 MIM-RCTC Toll Revenue: - I-15 55749UY49 Madison Gas and Electric Company - 1,499,229.17 - (1,500,000.00) - - 770.83 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 02361LXG2 Ameren Illinois Company 1,199,016.00 - (799,660.89) (400,000.00) - 12.45 778.44 (146.00) - - 240907004 MIM-RCTC Toll Revenue: - I-15 5148X1XA6 Landesbank Baden-Württemberg, New York Branch 1,499,265.00 - - (1,500,000.00) - - 810.00 (75.00) - - 240907004 MIM-RCTC Toll Revenue: - I-15 46640QY54 J.P. Morgan Securities LLC - 749,187.50 - (750,000.00) - - 812.50 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 34108BY66 Florida Power & Light Company - 1,399,108.67 - (1,400,000.00) - - 891.33 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 13668MY50 Canadian Tire Corporation, Limited - 1,099,101.67 - (1,100,000.00) - - 898.33 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 50000EZA5 Koch Industries, Inc.- 1,499,031.67 - (1,500,000.00) - - 968.33 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 34108BZJ7 Florida Power & Light Company - 1,399,025.83 - (1,400,000.00) - - 974.17 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 63743CAE3 National Rural Utilities Cooperative Finance Corpo - 1,498,008.75 - - - - 1,032.50 148.75 1,499,190.00 - 240907004 MIM-RCTC Toll Revenue: - I-15 30229BXV4 Exxon Mobil Corporation - 1,148,818.06 - (1,150,000.00) - - 1,181.94 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 912796WK1 UNITED STATES TREASURY - 1,998,816.22 - (2,000,000.00) - - 1,183.78 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 29878RAA6 European Investment Bank - 1,498,083.33 - - - - 1,226.67 150.00 1,499,460.00 - 240907004 MIM-RCTC Toll Revenue: - I-15 50000EYS7 Koch Industries, Inc.- 1,498,761.48 - (1,500,000.00) - - 1,238.52 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 74456CA98 Public Service Electric and Gas Company - 1,498,045.00 - - - - 1,275.00 215.00 1,499,535.00 - 240907004 MIM-RCTC Toll Revenue: - I-15 912796WH8 UNITED STATES TREASURY - 1,198,622.82 - (1,200,000.00) - - 1,377.18 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 69372AAE2 PACCAR Financial Corp.- 1,397,781.39 - - - - 1,394.55 68.06 1,399,244.00 - 240907004 MIM-RCTC Toll Revenue: - I-15 34108AA72 Florida Power & Light Company - 1,398,204.50 - - - - 1,396.50 91.00 1,399,692.00 - 240907004 MIM-RCTC Toll Revenue: - I-15 23336KXR8 DTE Electric Company - 1,398,579.00 - (1,400,000.00) - - 1,421.00 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 66522UZX4 Northern Illinois Gas Company - 1,398,570.83 - (1,400,000.00) - - 1,429.17 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 74005JYS1 Linde plc - 1,498,533.33 - (1,500,000.00) - - 1,466.67 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 02587AAJ3 AMXCA 171 A 649,486.50 - - - - - 1,515.67 (1,034.67) 649,967.50 557.56 240907004 MIM-RCTC Toll Revenue: - I-15 74005JZW1 Linde plc - 1,398,330.50 - (1,400,000.00) - - 1,669.50 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 26055BY65 The Dow Chemical Company - 873,223.26 - (875,000.00) - - 1,776.74 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 912796WH8 UNITED STATES TREASURY - 1,498,209.17 - (1,500,000.00) - - 1,790.83 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 30229AAH2 Exxon Mobil Corporation - 1,397,176.67 - - - - 1,796.66 88.67 1,399,062.00 - 240907004 MIM-RCTC Toll Revenue: - I-15 50000EY81 Koch Industries, Inc.- 1,498,090.00 - (1,500,000.00) - - 1,910.00 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 43357MY46 Hitachi Capital America Corp.- 1,497,026.67 - (1,500,000.00) - - 2,973.33 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 912796WJ4 UNITED STATES TREASURY - 2,896,503.89 - (2,900,000.00) - - 3,496.11 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 912796WG0 UNITED STATES TREASURY - 4,195,172.63 - (4,200,000.00) - - 4,827.37 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 912828UF5 UNITED STATES TREASURY 3,692,489.00 - - (3,700,000.00) - - 12,134.16 (4,623.16) - - 57,519,699.44 134,880,522.16 (58,523,208.49)(75,025,000.00)(1,079,419.07)(1,421.35)49,235.44 10,627.74 57,831,035.87 211,807.68 240907020 RCTC I-15 Prj RAMP UP RESERVE 31392J6N4 FNR 0323B EQ 385,467.21 - - - (40,611.06) (2,443.05) (1,785.52) 2,284.93 342,912.51 1,515.63 240907020 RCTC I-15 Prj RAMP UP RESERVE 31283K5N4 FH G11753 216,650.90 - - - (81,126.11) (1,399.85) (1,141.90) 160.76 133,143.81 536.79 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137EADB2 FREDDIE MAC 406,160.00 - - - - - (689.99) 697.99 406,168.00 4,433.33 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AYCE9 FHMS K025 A2 101,999.00 - - - - - (184.93) (134.07) 101,680.00 223.50 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381QB54 FN 467260 57,421.01 - - - (331.61) (3.59) (137.95) (196.96) 56,750.89 211.81 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378AWX5 GNR 11157E QA 101,342.13 - - - (18,979.31) (89.86) (110.31) 66.92 82,229.58 204.39 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828L57 UNITED STATES TREASURY - 636,835.55 - - - - (103.36) 820.51 637,552.70 2,823.67 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381RLL6 FN 468431 46,375.51 - - - (242.42) (2.18) (59.30) (166.90) 45,904.71 148.78 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378CDK0 GNR 11169G AK 52,517.86 - - - (16,641.98) (47.72) (57.90) 35.20 35,805.46 89.33 240907020 RCTC I-15 Prj RAMP UP RESERVE 3138EJPZ5 FN AL2239 25,380.73 - - - (161.86) (3.59) (57.56) 16.23 25,173.95 64.12 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375XCM4 GNR 0847B PC 29,114.60 - - - (2,885.84) (74.21) (54.23) (5.59) 26,094.74 105.50 240907020 RCTC I-15 Prj RAMP UP RESERVE 383742C76 GNR 0832B PA 66,638.92 - - - (4,333.46) (84.37) (52.01) 123.61 62,292.69 204.11 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378DDC6 GNR 1216E GB 43,015.71 - - - (14,550.96) (35.34) (46.35) 3.95 28,387.01 82.62 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137BQBY2 FHMS K722 A1 63,966.93 - - - (1,593.18) (9.47) (43.83) 24.49 62,344.94 113.09 240907020 RCTC I-15 Prj RAMP UP RESERVE 3138NJAE8 FN FN0004 31,568.41 - - - (9,654.82) (63.00) (43.42) 118.27 21,925.43 68.59 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376V2E6 GNR 1019B UA 25,407.19 - - - (1,730.99) (68.76) (35.36) (23.58) 23,548.50 74.91 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828L57 UNITED STATES TREASURY 60,297.60 - - - - - (35.04) (21.36) 60,241.20 266.80 240907020 RCTC I-15 Prj RAMP UP RESERVE 38377REV3 GNR 10158C HA 38,027.76 - - - (3,464.79) (65.65) (31.24) (54.84) 34,411.24 98.56 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381SVJ8 FN 469617 43,464.57 - - - (283.83) (0.88) (26.89) (150.46) 43,002.51 121.08 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ARBX3 FHR 4061C CF 40,490.96 - - - (3,423.25) 50.98 (26.19) (3.53) 37,088.98 34.50 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828B58 UNITED STATES TREASURY - 130,655.08 - - - - (23.28) 48.10 130,679.90 1,156.05 240907020 RCTC I-15 Prj RAMP UP RESERVE 3130AECJ7 FEDERAL HOME LOAN BANKS 351,704.50 - - - - - (21.00) (315.00) 351,368.50 842.19 240907020 RCTC I-15 Prj RAMP UP RESERVE 3620ARB67 GN 737261 25,140.18 - - - (1,601.69) (30.13) (19.30) 27.94 23,517.01 75.22 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828L57 UNITED STATES TREASURY 25,124.00 - - - - - (18.54) (4.96) 25,100.50 111.17 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828L57 UNITED STATES TREASURY 25,124.00 - - - - - (18.29) (5.21) 25,100.50 111.17 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AH6C7 FHMS K015 A2 97,830.60 - - - (602.09) (0.70) (16.90) (156.70) 97,054.22 258.07 240907020 RCTC I-15 Prj RAMP UP RESERVE 36202FA30 G2 004526 - 18,776.25 - - (772.48) (33.06) (15.51) 217.43 18,172.62 64.68 240907020 RCTC I-15 Prj RAMP UP RESERVE 3140J6DU8 FN BM1914 82,928.46 - - - (4,313.59) (28.82) (15.35) 270.52 78,841.22 162.08 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828Y53 UNITED STATES TREASURY 324,671.75 - (99,880.70) - - (135.41) (13.72) 299.58 224,941.50 619.68 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137A5FP4 FHR 3791E DA 48,143.95 - - - (5,669.11) (4.52) (11.53) 25.54 42,484.33 88.17 240907020 RCTC I-15 Prj RAMP UP RESERVE 31418CQM9 FN MA3159 23,910.54 - - - (1,561.84) (39.50) (10.83) 84.34 22,382.72 54.48 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376YFF3 GNR 1046E CH 8,951.70 - - - (1,936.42) (12.02) (9.57) (16.96) 6,976.73 23.02 240907020 RCTC I-15 Prj RAMP UP RESERVE 3620A9WV9 GN 723460 11,881.68 - - - (819.76) (14.21) (8.57) (32.89) 11,006.26 35.25 240907020 RCTC I-15 Prj RAMP UP RESERVE 31397QWZ7 FNR 1115F VB 41,517.98 - - - (13,356.00) (13.52) (6.92) (129.72) 28,011.82 92.96 240907020 RCTC I-15 Prj RAMP UP RESERVE 38379JM99 GNR 1545E AG 23,933.83 - - - (1,990.02) (12.41) (6.72) (31.03) 21,893.65 45.06 240907020 RCTC I-15 Prj RAMP UP RESERVE 38377QKH9 GNR 1118A PG 23,301.42 - - - (1,728.37) (31.42) (6.52) (68.18) 21,466.94 52.73 240907020 RCTC I-15 Prj RAMP UP RESERVE 36178NB99 GN AB2764 - 39,759.28 - - (1,676.87) (18.64) (2.91) 102.55 38,163.42 78.43 240907020 RCTC I-15 Prj RAMP UP RESERVE 38379HLE3 GNR 14184H WK 72,171.72 - - - (12,069.88) 17.42 (2.15) (648.07) 59,469.03 169.58 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375JCJ2 GNR 0668 D 6,096.71 - - - (4,240.89) (0.22) (0.72) 1.64 1,856.53 8.22 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136A72D3 FNA 12M9 A2 13,277.83 - - - (1,460.16) (8.44) (0.32) (68.54) 11,740.37 24.14 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828J43 UNITED STATES TREASURY - 40,148.44 - - - - (0.18) 1.74 40,150.00 236.54 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136A72D3 FNA 12M9 A2 3,319.46 - - - (365.04) (2.10) (0.07) (17.16) 2,935.09 6.04 240907020 RCTC I-15 Prj RAMP UP RESERVE 31398N2K9 FNR 10123B DL 60.66 - - - (49.48) (0.03) (0.02) 0.09 11.22 0.03 240907020 RCTC I-15 Prj RAMP UP RESERVE 31846V203 FIRST AMER:GVT OBLG Y 427,856.57 804,673.99 (1,217,183.88) - - - - - 15,346.68 - 240907020 RCTC I-15 Prj RAMP UP RESERVE 31418AU48 FN MA1502 - - - - - (0.00) - - (0.00) - 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381N7G2 FN 466295 36,026.08 - - - (35,821.90) (137.33) - (66.85) - - 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376PJ35 GNR 09116C NH 839.46 - - - (840.27) (0.01) - 0.82 - - 240907020 RCTC I-15 Prj RAMP UP RESERVE CCYUSD Payable (408,483.53) - - - - - - - - - 240907020 RCTC I-15 Prj RAMP UP RESERVE 62888VAA6 NGN 10R1 1A 0.01 - - - - (0.00) - - 0.01 - 240907020 RCTC I-15 Prj RAMP UP RESERVE 31418ASD1 FN MA1415 856.18 - - - (101.98) 0.88 0.36 0.09 755.53 1.26 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828Y53 UNITED STATES TREASURY - 374,917.02 - - - - 0.39 (14.91) 374,902.50 1,032.80 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375CBH2 GNR 1257F LD 6,405.84 - - - (6,416.23) 17.42 0.46 (7.49) - - 240907020 RCTC I-15 Prj RAMP UP RESERVE 9128285H9 UNITED STATES TREASURY 499,210.00 - - - - - 1.85 548.15 499,760.00 1,378.79 52 Page 27 of 42 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance 2017 Financing STAMP Portfolio Transaction Report by Account Quarter ended December 31, 2019 240907020 RCTC I-15 Prj RAMP UP RESERVE 36179M4J6 G2 MA0825 - 31,859.05 - - (553.64) (6.77) 2.03 105.66 31,406.33 64.43 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378JZD7 GNR 1347A EC - 18,419.50 - - (1,053.80) 13.18 4.53 279.33 17,662.73 22.00 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137FGZN8 FHMS KI02 A 40,347.81 - - - (12,029.70) 15.09 5.40 (17.68) 28,320.92 10.93 240907020 RCTC I-15 Prj RAMP UP RESERVE 36202F2H8 G2 005276 - 33,967.04 - - - - 6.96 69.69 34,043.69 82.87 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378HXH4 GNR 12119 KB 7,020.56 - - - (497.61) 24.10 10.75 (19.32) 6,538.49 6.93 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AJMF8 FHMS K016 A2 95,943.29 - - - (535.24) 1.57 11.65 (225.90) 95,195.36 232.60 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376YPU9 GNR 1050D EA 25,735.19 - - - (5,205.01) 32.07 14.98 (32.36) 20,544.87 42.72 240907020 RCTC I-15 Prj RAMP UP RESERVE 3138L2GH4 FN AM1999 21,588.40 - - - (144.70) 0.72 16.69 (34.25) 21,426.87 34.56 240907020 RCTC I-15 Prj RAMP UP RESERVE 31418ASD1 FN MA1415 53,939.21 - - - (6,424.93) 48.32 19.05 16.61 47,598.26 79.29 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B1UF7 FHMS K027 A1 30,555.78 - - - (2,635.73) 25.43 21.63 (21.37) 27,945.73 41.61 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828YK0 UNITED STATES TREASURY - 183,467.97 - - - - 21.88 383.50 183,873.35 542.11 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828Y53 UNITED STATES TREASURY 124,873.75 - - - - - 22.11 71.64 124,967.50 344.27 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378KW47 GNR 13138 A 59,212.80 - - - (14,254.53) 63.58 23.06 86.51 45,131.42 80.93 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378BXQ7 GNR 1289 A 17,886.81 - - - (3,099.04) 21.21 26.29 2.08 14,837.35 19.12 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AC7J4 FNA 13M6 2A 41,477.25 - - - (5,140.01) 54.88 32.14 (432.30) 35,991.96 74.63 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B3NW4 FHMS K031 A1 83,356.52 - - - (6,611.62) 45.65 32.67 (182.54) 76,640.69 175.60 240907020 RCTC I-15 Prj RAMP UP RESERVE 38377JM59 GNR 10111F PE 33,499.40 - - - (3,137.65) 71.55 39.80 (85.68) 30,387.43 63.36 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828T67 UNITED STATES TREASURY - 163,730.27 - - - - 40.19 236.24 164,006.70 351.30 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AXHN6 FHMS K024 A1 58,054.03 - - - (5,820.26) 50.35 40.77 (23.30) 52,301.59 76.36 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ASR97 FHMS K020 A1 25,494.96 - - - (9,318.55) 129.22 47.44 (132.35) 16,220.73 21.36 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378VC45 GNR 13116D MA 62,371.73 - - - (3,694.99) 126.48 80.70 (214.15) 58,669.77 110.19 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B1U75 FHMS KS01 A2 121,466.40 - - - (3,834.65) 42.86 99.98 (612.54) 117,162.05 244.14 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828YK0 UNITED STATES TREASURY - 228,131.25 - - - - 105.05 363.00 228,599.30 673.98 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AMM48 FNA 15M4B AV2 84,921.35 - - - (1,473.59) 15.87 121.72 (471.65) 83,113.69 172.77 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828SA9 UNITED STATES TREASURY 78,555.22 - (79,116.08) - - 64.59 124.50 371.78 - - 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828SA9 UNITED STATES TREASURY 78,555.22 - (79,116.08) - - 116.02 128.84 316.00 - - 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B84S3 FHR 4305A CT 96,860.25 - - - (9,441.49) 98.13 131.16 (114.67) 87,533.38 145.58 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136A96F0 FNA 12M17 A2 56,820.25 - - - (323.37) 6.69 140.43 (374.43) 56,269.56 102.02 240907020 RCTC I-15 Prj RAMP UP RESERVE 9128286N5 UNITED STATES TREASURY 82,353.31 - - - - - 157.48 432.25 82,943.05 86.98 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378KWU9 GNR 1396 A 35,183.06 - - - (330.09) 18.13 158.60 (213.36) 34,816.35 41.53 240907020 RCTC I-15 Prj RAMP UP RESERVE 9128286N5 UNITED STATES TREASURY 82,353.31 - - - - - 175.53 414.21 82,943.05 86.98 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ATRW4 FHMS K020 A2 100,871.00 - - - - - 183.92 (266.92) 100,788.00 197.75 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UF5 UNITED STATES TREASURY 89,817.30 - - (90,000.00) - - 216.10 (33.40) - - 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828SA9 UNITED STATES TREASURY 168,332.61 - (169,534.46) - - (261.68) 232.95 1,230.58 - - 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UH1 UNITED STATES TREASURY 82,634.84 - - - - - 304.55 664.50 83,603.89 48.28 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828B58 UNITED STATES TREASURY 321,462.40 - - - - - 368.58 (157.38) 321,673.60 2,845.65 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VV9 UNITED STATES TREASURY 476,168.50 - - - - - 508.85 (228.60) 476,448.75 3,410.80 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VV9 UNITED STATES TREASURY 300,738.00 - - - - - 523.46 (346.46) 300,915.00 2,154.19 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828F62 UNITED STATES TREASURY 699,657.00 - - (700,000.00) - - 577.29 (234.29) - - 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VA5 UNITED STATES TREASURY 164,297.10 - - - - - 616.56 (197.46) 164,716.20 316.17 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UF5 UNITED STATES TREASURY 244,502.65 - - (245,000.00) - - 803.48 (306.13) - - 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VA5 UNITED STATES TREASURY 497,870.00 - - - - - 1,718.68 (448.68) 499,140.00 958.10 8,251,885.85 2,705,340.69 (1,644,831.20) (1,035,000.00) (392,969.74) (4,010.04) 2,969.26 3,256.88 8,295,125.22 32,111.00 65,771,585.29 137,585,862.85 (60,168,039.69) (76,060,000.00) (1,472,388.81) (5,431.39) 52,204.69 13,884.62 66,126,161.10 243,918.68 53 *Negative cash reflects securities in transit at month end 2017 Financing STAMP Portfolio Summary of Investments for quarter ended December 31, 2019 Credit Rating Industry Group Asset Class Security Type Market Sector ATTACHMENT 12 54 *Negative cash reflects securities in transit at month end 2017 Financing STAMP Portfolio Sales Tax I15 ELP Project Revenue Fund Summary of Investments for quarter ended December 31, 2019 Credit Rating Industry Group Asset Class Security Type Market Sector ATTACHMENT 13 55 2017 Financing STAMP Portfolio Ramp Up Fund Summary of Investments for quarter ended December 31, 2019 Credit Rating Industry Group Asset Class Security Type Market Sector ATTACHMENT 14 56 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM CUSIP Security Type Category Issuer Final Maturity Trade Date Next Call Date Original Cost Base Market Value Unrealized Gain/Loss Accrued Income Coupon Yield Credit Rating 010831DN2 Taxable Muni ALAMEDA CNTY CA JT 2.866% 6/01/21 06/01/2021 04/24/2018 255,000.00 258,526.65 3,526.65 609.02 2.870 2.825204053 AA+ 037833DL1 Credit APPLE INC 1.700% 9/11/22 09/11/2022 09/11/2019 524,910.75 524,632.50 (278.25) 2,727.08 1.700 1.694104516 AA+ 053015AD5 Credit AUTOMATIC DATA 2.250% 9/15/20 09/15/2020 09/15/2015 08/15/2020 451,309.53 451,188.00 (121.53) 2,981.25 2.250 2.243382023 AA 05584PAD9 Asset-Backed BMW VEHICLE LEASE 2.070% 10/20/20 10/20/2020 10/25/2017 31,364.87 31,364.89 0.02 19.84 2.070 2.069730935 N/A 05588CAC6 Asset-Backed BMW VEHICLE OWNER 1.920% 1/25/24 01/25/2024 09/18/2019 329,955.65 330,161.70 206.05 105.60 1.920 1.908966176 AAA 06050TMJ8 Credit BANK OF AMERICA MTN 3.335% 1/25/23 01/25/2023 01/25/2019 01/25/2022 520,000.00 534,289.60 14,289.60 7,514.87 3.340 3.237298336 A+ 06406FAA1 Credit BANK OF NY MTN 2.500% 4/15/21 04/15/2021 02/19/2016 03/15/2021 753,571.65 755,190.00 1,618.35 3,958.33 2.500 2.477013316 A 06406RAK3 Credit BANK OF NY MTN 1.950% 8/23/22 08/23/2022 08/23/2019 99,968.00 100,221.00 253.00 693.33 1.950 1.935714428 A 072024WN8 Taxable Muni BAY AREA CA TOLL 2.184% 4/01/23 04/01/2023 09/26/2019 680,000.00 685,576.00 5,576.00 3,919.07 2.180 2.146648319 AA 084670BQ0 Credit BERKSHIRE HATHAWAY 2.200% 3/15/21 03/15/2021 03/15/2016 02/15/2021 466,436.01 472,822.77 6,386.76 3,051.03 2.200 2.185162745 AA 13032UUZ9 Taxable Muni CALIFORNIA ST HLTH 1.893% 6/01/22 06/01/2022 11/25/2019 520,000.00 519,760.80 (239.20) 984.36 1.890 1.881915518 AA- 13063BFS6 Taxable Muni CALIFORNIA ST BUILD 6.650% 3/01/22 03/01/2022 04/01/2010 460,800.60 458,315.75 (2,484.85) 9,420.83 6.650 6.184493197 AA- 13063DGA0 Taxable Muni CALIFORNIA ST 2.800% 4/01/21 04/01/2021 04/25/2018 500,000.00 506,480.00 6,480.00 3,500.00 2.800 2.766197072 AA- 13066YTY5 Taxable Muni CALIFORNIA ST DEPT 1.713% 5/01/21 05/01/2021 09/28/2016 102,868.78 103,873.64 1,004.86 296.68 1.710 1.710570989 AA 13066YTZ2 Taxable Muni CALIFORNIA ST DEPT 2.000% 5/01/22 05/01/2022 09/28/2016 301,155.36 301,635.00 479.64 1,000.00 2.000 1.983300609 AA 144141DC9 Credit PROG ENERGY CAROLINA 2.800% 5/15/22 05/15/2022 05/18/2012 02/15/2022 253,182.85 255,305.00 2,122.15 894.44 2.800 2.741630683 A 156549AA5 Taxable Muni CENTURY HOUSING CORP 3.824% 11/01/20 11/01/2020 02/07/2019 110,000.00 111,400.30 1,400.30 701.07 3.820 3.777275107 AA- 166764AU4 Credit CHEVRON CORP 2.66763% 3/03/22 03/03/2022 03/03/2015 502,767.66 503,930.00 1,162.34 1,074.46 2.440 2.645513606 AA 17325FAQ1 Credit CITIBANK NA 3.400% 7/23/21 07/23/2021 07/23/2018 06/23/2021 253,799.07 255,370.00 1,570.93 3,730.56 3.400 3.323330759 A+ 17325FAY4 Credit CITIBANK NA 2.844% 5/20/22 05/20/2022 05/22/2019 05/20/2021 511,367.99 516,196.50 4,828.51 1,651.89 2.840 2.807973697 A+ 20772JKP6 Taxable Muni CONNECTICUT ST 2.401% 10/15/21 10/15/2021 11/16/2012 120,166.71 120,716.40 549.69 608.25 2.400 2.381826298 A 20772KGM5 Taxable Muni CONNECTICUT ST SER A 2.921% 4/15/23 04/15/2023 04/11/2019 301,458.43 308,508.00 7,049.57 1,849.97 2.920 2.824787730 A 210518CT1 Credit CONSUMERS ENERGY CO 2.850% 5/15/22 05/15/2022 05/08/2012 02/15/2022 379,955.96 383,340.00 3,384.04 1,365.63 2.850 2.785869289 A 212204JC6 Taxable Muni CONTRA COSTA CA 1.652% 8/01/22 08/01/2022 09/12/2019 300,000.00 299,202.00 (798.00) 1,500.57 1.650 1.653885429 AA+ 250847EJ5 Credit DETROIT EDISON CO 2.650% 6/15/22 06/15/2022 06/22/2012 182,506.78 182,817.00 310.22 212.00 2.650 2.606164316 A 30231GAV4 Credit EXXON MOBIL 2.222% 3/01/21 03/01/2021 03/03/2016 02/01/2021 495,685.00 502,950.00 7,265.00 3,703.33 2.220 2.209054938 AA+ 30231GBB7 Credit EXXON MOBIL 1.902% 8/16/22 08/16/2022 08/16/2019 300,000.00 301,656.00 1,656.00 2,139.75 1.900 1.886474316 AA+ 3130AF5B9 Agencies F H L B DEB 3.000% 10/12/21 10/12/2021 10/12/2018 619,597.00 635,165.20 15,568.20 4,081.67 3.000 2.925516354 AA+ 3130AGWK7 Agencies F H L B DEB 1.500% 8/15/24 08/15/2024 08/16/2019 149,647.50 148,840.50 (807.00) 843.75 1.500 1.495304743 AA+ 3130AHJY0 Agencies F H L B DEB 1.625% 11/19/21 11/19/2021 11/08/2019 469,196.30 470,568.70 1,372.40 1,124.41 1.630 1.619606710 AA+ 3135G0W33 Agencies F N M A 1.375% 9/06/22 09/06/2022 09/06/2019 597,912.00 596,052.00 (1,860.00) 2,635.42 1.380 1.376886334 AA+ 3136B1XP4 Mortgage-Backed F N M A GTD REMIC 3.560% 9/25/21 09/25/2021 04/01/2018 143,303.64 143,282.16 (21.48) 420.87 3.560 3.520917812 N/A 3137ATRW4 Mortgage-Backed F H L M C MULTICLASS 2.373% 5/25/22 05/25/2022 09/01/2012 190,888.99 191,497.20 608.21 375.73 2.370 2.340629100 N/A 3137B1U75 Mortgage-Backed F H L M C MLTCL MTG 2.522% 1/25/23 01/25/2023 05/07/2013 155,545.22 156,216.07 670.85 325.52 2.520 2.484949799 N/A 3137B36J2 Mortgage-Backed F H L M C MLTCL MTG 3.320% 2/25/23 02/25/2023 07/01/2013 499,440.36 497,908.80 (1,531.56) 1,328.00 3.320 3.180808232 N/A 3137BQR90 Mortgage-Backed F H L M C MLTCL MTG 2.272% 1/25/23 01/25/2023 07/01/2016 250,721.72 251,300.00 578.28 473.33 2.270 2.242621656 N/A 3137FJYA1 Mortgage-Backed F H L M C MLTCL 6.17141% 5/25/23 05/25/2023 11/01/2018 212,073.37 217,419.26 5,345.89 610.43 3.450 5.983815485 N/A 31846V203 Cash FIRST AM GOVT OB FD CL Y 676,149.81 676,149.81 - 220.27 0.000 1.193294500 365298Y28 Taxable Muni GARDEN GROVE CA 1.875% 8/01/21 08/01/2021 10/16/2019 300,000.00 300,180.00 180.00 1,171.88 1.880 1.870230911 AA- 41284WAC4 Asset-Backed HARLEY DAVIDSON 2.340% 2/15/24 02/15/2024 06/26/2019 589,954.33 591,893.90 1,939.57 613.60 2.340 2.325119237 N/A 419792YL4 Taxable Muni HAWAII ST SER FX 2.770% 1/01/22 01/01/2022 02/21/2019 190,000.00 194,041.30 4,041.30 2,631.50 2.770 2.711034989 AA+ 43814PAC4 Asset-Backed HONDA AUTO 1.790% 9/20/21 09/20/2021 09/29/2017 77,672.73 77,645.42 (27.31) 50.21 1.790 1.789052202 AAA 43815NAC8 Asset-Backed HONDA AUTO 1.780% 8/15/23 08/15/2023 08/27/2019 249,997.93 249,432.50 (565.43) 197.78 1.780 1.775986271 AAA 45750TAG8 Taxable Muni INLAND VLY CA DEV 3.627% 3/01/20 03/01/2020 05/15/2014 230,244.72 230,699.20 454.48 2,780.70 3.630 3.623231839 AA 46647PBB1 Credit JPMORGAN CHASE CO 3.207% 4/01/23 04/01/2023 03/22/2019 04/01/2022 1,050,000.00 1,075,042.50 25,042.50 8,418.38 3.210 3.118588029 A- 47787XAC1 Asset-Backed JOHN DEERE OWNER 1.780% 4/15/21 04/15/2021 03/02/2017 42,444.46 42,438.19 (6.27) 33.58 1.780 1.780160214 N/A 47789JAD8 Asset-Backed JOHN DEERE OWNER 2.910% 7/17/23 07/17/2023 03/13/2019 259,968.05 263,751.80 3,783.75 336.27 2.910 2.862482786 N/A 478160CH5 Credit JOHNSON JOHNSON 1.950% 11/10/20 11/10/2020 11/10/2017 249,732.50 250,445.00 712.50 690.63 1.950 1.946399162 AAA 544290JC4 Taxable Muni LOS ALTOS CA SCH 2.143% 8/01/23 08/01/2023 10/17/2019 08/01/2020 390,000.00 388,908.00 (1,092.00) 1,717.97 2.140 2.141586553 SP-1+ 544445AZ2 Taxable Muni LOS ANGELES CA DEPT 2.092% 5/15/20 05/15/2020 12/06/2016 98,788.00 100,104.00 1,316.00 267.31 2.090 2.090202426 AA 576051VW3 Taxable Muni MASSACHUSETTS ST WTR 1.772% 8/01/23 08/01/2023 11/01/2019 110,000.00 108,520.50 (1,479.50) 324.87 1.770 1.779670379 AA+ 58769TAD7 Asset-Backed MERCEDES BENZ 1.940% 3/15/24 03/15/2024 09/25/2019 269,962.82 269,951.40 (11.42) 232.80 1.940 1.925825921 AAA 65478BAD3 Asset-Backed NISSAN AUTO LEASE 3.250% 9/15/21 09/15/2021 10/24/2018 199,982.52 201,696.00 1,713.48 288.89 3.250 3.221968871 AAA 65478NAD7 Asset-Backed NISSAN AUTO 3.220% 6/15/23 06/15/2023 12/12/2018 449,913.78 458,581.50 8,667.72 644.00 3.220 3.152597466 AAA 65479KAD2 Asset-Backed NISSAN AUTO 2.900% 10/16/23 10/16/2023 02/13/2019 319,951.52 324,995.20 5,043.68 412.44 2.900 2.845508512 N/A 693304AP2 Credit PECO ENERGY CO 2.375% 9/15/22 09/15/2022 09/17/2012 06/15/2022 121,147.60 121,192.80 45.20 839.17 2.380 2.347533854 A 697379UD5 Taxable Muni PALO ALTO CA 2.291% 8/01/20 08/01/2020 08/14/2012 321,873.50 326,114.75 4,241.25 3,102.40 2.290 2.284329757 AAA 717081EM1 Credit PFIZER INC 3.000% 9/15/21 09/15/2021 09/07/2018 249,662.50 255,297.50 5,635.00 2,208.33 3.000 2.935162266 AA- Payden & Rygel Operating Portfolio by Investment Category for Quarter ended December 31, 2019 ATTACHMENT 15 57 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM CUSIP Security Type Category Issuer Final Maturity Trade Date Next Call Date Original Cost Base Market Value Unrealized Gain/Loss Accrued Income Coupon Yield Credit Rating Payden & Rygel Operating Portfolio by Investment Category for Quarter ended December 31, 2019 796720ME7 Taxable Muni SAN BERNARDINO CA 1.883% 8/01/22 08/01/2022 12/12/2019 435,000.00 435,165.30 165.30 432.31 1.880 1.871992683 AA 797299LT9 Taxable Muni SAN DIEGO CA PUBLIC 2.994% 10/15/21 10/15/2021 06/21/2018 200,000.00 204,072.00 4,072.00 1,264.13 2.990 2.930610887 AA- 797669XT0 Taxable Muni SAN FRANCISCO CA 2.169% 7/01/20 07/01/2020 12/28/2017 100,000.00 100,227.00 227.00 1,084.50 2.170 2.165016370 AA+ 79770GGM2 Taxable Muni SAN FRANCISCO CITY 2.000% 8/01/20 08/01/2020 11/30/2017 299,607.00 300,444.00 837.00 2,500.00 2.000 1.997363480 AA- 798170AC0 Taxable Muni SAN JOSE CA REDEV 2.259% 8/01/20 08/01/2020 12/21/2017 190,000.00 190,518.70 518.70 1,788.38 2.260 2.251390301 AA 79876CBQ0 Taxable Muni SAN MARCOS CA REDEV 2.000% 10/01/20 10/01/2020 12/14/2017 109,256.40 110,016.50 760.10 550.00 2.000 1.999220304 AA- 801096AP3 Taxable Muni SANTA ANA CA CMNTY 3.346% 9/01/21 09/01/2021 11/08/2018 240,000.00 245,380.80 5,380.80 2,676.80 3.350 3.256194165 AA 80136PCY7 Taxable Muni SANTA BARBARA CA 3.300% 12/01/21 12/01/2021 11/28/2018 125,000.00 128,126.25 3,126.25 343.75 3.300 3.215183460 AA 80168FMA1 Taxable Muni SANTA CLARA VLY CA 2.387% 6/01/21 06/01/2021 03/30/2016 397,756.00 403,492.00 5,736.00 795.67 2.390 2.364045122 N/A 835569GP3 Taxable Muni SONOMA CNTY CA 1.969% 8/01/22 08/01/2022 11/12/2019 420,000.00 420,117.60 117.60 1,125.61 1.970 1.954400627 AA 857477AS2 Credit STATE STREET CORP 2.550% 8/18/20 08/18/2020 08/18/2015 789,734.62 791,144.12 1,409.50 7,423.62 2.550 2.538904985 A 882723UC1 Taxable Muni TEXAS ST REF WTR 2.036% 8/01/20 08/01/2020 02/05/2015 250,339.55 250,535.00 195.45 2,120.83 2.040 2.032199786 AAA 88579YBF7 Credit 3M COMPANY MTN 2.750% 3/01/22 03/01/2022 02/22/2019 02/01/2022 249,882.50 254,535.00 4,652.50 2,291.67 2.750 2.691855912 AA- 89238MAD0 Asset-Backed TOYOTA AUTO 1.730% 2/16/21 02/16/2021 03/15/2017 65,310.61 65,286.95 (23.66) 50.22 1.730 1.730121108 AAA 89238UAD2 Asset-Backed TOYOTA AUTO 1.910% 9/15/23 09/15/2023 08/14/2019 249,997.95 250,137.50 139.55 212.22 1.910 1.899344676 AAA 89239AAD5 Asset-Backed TOYOTA AUTO 2.910% 7/17/23 07/17/2023 02/13/2019 339,938.05 345,035.40 5,097.35 439.73 2.910 2.855152520 AAA 90290AAC1 Asset-Backed USAA AUTO OWNER 1.700% 5/17/21 05/17/2021 09/20/2017 22,898.43 22,889.85 (8.58) 17.30 1.700 1.700102006 AAA 90331HPA5 Credit US BANK NA MTN 3.000% 2/04/21 02/04/2021 02/04/2019 01/04/2021 269,781.30 273,242.70 3,461.40 3,307.50 3.000 2.964954241 AA- 90331HPF4 Credit US BANK NA MTN 1.950% 1/09/23 01/09/2023 12/09/2019 12/09/2022 549,538.00 549,521.50 (16.50) 655.42 1.950 1.934466236 AA- 91159HHQ6 Credit US BANCORP MTN 2.440% 1/24/22 01/24/2022 01/24/2017 12/23/2021 251,225.26 251,585.00 359.74 1,234.33 2.580 2.420274761 A+ 911759MU9 Agencies U S DEPT HSG & URB 2.570% 8/01/21 08/01/2021 03/28/2019 100,000.00 101,427.00 1,427.00 1,070.83 2.570 2.530648417 N/A 9128284W7 Treasuries U S TREASURY NT 2.750% 8/15/21 08/15/2021 08/15/2018 1,165,885.92 1,186,249.60 20,991.21 12,101.12 2.750 2.698247611 N/A 9128285A4 Treasuries U S TREASURY NT 2.750% 9/15/21 09/15/2021 09/15/2018 507,948.05 519,781.80 11,833.75 4,161.26 2.750 2.695761283 N/A 9128285F3 Treasuries U S TREASURY NT 2.875% 10/15/21 10/15/2021 10/15/2018 1,026,577.07 1,053,092.60 26,515.53 6,310.86 2.880 2.808933875 N/A 9128285L0 Treasuries U S TREASURY NT 2.875% 11/15/21 11/15/2021 11/15/2018 1,035,793.83 1,059,415.65 23,621.82 3,842.15 2.880 2.805507577 N/A 9128287C8 Treasuries U S TREASURY NT 1.750% 7/15/22 07/15/2022 07/15/2019 80,384.66 80,309.60 (75.06) 646.74 1.750 1.735353615 N/A 9128287F1 Treasuries U S TREASURY NT 1.750% 7/31/21 07/31/2021 07/31/2019 2,170,249.74 2,170,239.30 (150.85) 15,855.10 1.750 1.742993167 N/A 912828F96 Treasuries U S TREASURY NT 2.000% 10/31/21 10/31/2021 10/31/2014 3,227,217.17 3,228,909.30 1,692.13 10,918.13 2.000 1.981728464 N/A 912828TY6 Treasuries U S TREASURY NT 1.625% 11/15/22 11/15/2022 11/15/2012 3,769,759.82 3,772,789.80 3,029.98 7,910.27 1.630 1.614650093 N/A 912828YA2 Treasuries U S TREASURY NT 1.500% 8/15/22 08/15/2022 08/15/2019 4,530,660.22 4,515,090.25 (15,569.97) 25,637.57 1.500 1.495960906 N/A 912828YC8 Treasuries U S TREASURY NT 1.500% 8/31/21 08/31/2021 09/03/2019 4,390,359.12 4,388,143.80 (2,858.34) 21,497.28 1.500 1.499295331 N/A 912828YJ3 Treasuries U S TREASURY NT 1.500% 9/30/21 09/30/2021 09/30/2019 3,212,226.65 3,215,105.60 2,878.95 12,272.95 1.500 1.499010653 N/A 912828YT1 Treasuries U S TREASURY NT 1.500% 11/30/21 11/30/2021 12/02/2019 1,071,934.57 1,073,570.25 1,635.68 1,321.72 1.500 1.498306913 N/A 91412G2S3 Taxable Muni UNIV OF CALIFORNIA 2.112% 5/15/21 05/15/2021 09/28/2017 140,000.00 140,382.20 382.20 377.81 2.110 2.101680748 AA- 91412HDJ9 Taxable Muni UNIV OF CA 3.283% 5/15/22 05/15/2022 06/05/2018 285,705.28 293,601.30 7,896.02 1,195.56 3.280 3.171551674 AA- 931142EA7 Credit WALMART STORES INC 1.900% 12/15/20 12/15/2020 10/20/2017 489,760.00 500,685.00 10,925.00 422.22 1.900 1.895658941 AA 931142EJ8 Credit WALMART INC 3.125% 6/23/21 06/23/2021 06/27/2018 129,993.50 132,779.40 2,785.90 90.28 3.130 3.059616006 AA 94988J5T0 Credit WELLS FARGO MTN 3.625% 10/22/21 10/22/2021 10/23/2018 09/21/2021 529,941.70 545,481.30 15,539.60 3,682.40 3.630 3.516481384 A+ 94988J6A0 Credit WELLS FARGO MTN 2.082% 9/09/22 09/09/2022 09/11/2019 09/09/2021 550,000.00 550,852.50 852.50 3,562.53 2.080 2.074242334 A+ 53,413,667.49 53,710,140.08 296,316.69 262,806.09 58 Page 33 of 42 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount 10/01/2019 13063DGA0 INTEREST EARNED ON CALIFORNIA ST 2.800% 4/01/21 $1 PV ON 500000.0000 SHARES DUE 10/1/2019 0.0000 0.000000 - - - 7,000.00 - - - 10/01/2019 10/01/2019 10/01/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 25,778.5900 1.000000 - - - (25,778.59) 25,778.59 - - 10/01/2019 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 9/30/2019 INTEREST FROM 9/1/19 TO 9/30/19 0.0000 0.000000 - - - 1,447.12 - - - 10/01/2019 46647PBB1 INTEREST EARNED ON JPMORGAN CHASE CO 3.207% 4/01/23 $1 PV ON 1050000.0000 SHARES DUE 10/1/2019 0.0000 0.000000 - - - 17,678.59 - - - 10/01/2019 79876CBQ0 INTEREST EARNED ON SAN MARCOS CA REDEV 2.000% 10/01/20 $1 PV ON 110000.0000 SHARES DUE 10/1/2019 0.0000 0.000000 - - - 1,100.00 - - - 10/02/2019 10/02/2019 10/02/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -650,055.0900 1.000000 - - - 650,055.09 (650,055.09) - - 10/02/2019 9128287C8 AMORTIZED PREMIUM ON U S TREASURY NT 1.750% 7/15/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (644.63) - - 10/02/2019 09/30/2019 10/02/2019 9128287C8 SOLD PAR VALUE OF U S TREASURY NT 1.750% 7/15/22 /CITIGROUP GLOBAL MARKETS INC./2,145,000 PAR VALUE AT 100.41406247 %-2,145,000.0000 1.004141 - - - 2,153,881.64 (2,156,284.62) (2,402.98) - 10/02/2019 10/02/2019 9128287C8 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.750% 7/15/22 0.0000 0.000000 - - - 8,058.32 - - - 10/02/2019 09/30/2019 10/02/2019 912828YJ3 PURCHASED PAR VALUE OF U S TREASURY NT 1.625% 9/30/21 /HSBC SECURITIES, INC./2,820,000 PAR VALUE AT 99.75925603 %2,820,000.0000 0.997593 - - - (2,813,211.02) 2,813,211.02 - - 10/02/2019 10/02/2019 912828YJ3 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.625% 9/30/21 0.0000 0.000000 - - - (231.15) - - - 10/04/2019 10/04/2019 10/04/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -35,568.3000 1.000000 - - - 35,568.30 (35,568.30) - - 10/04/2019 09/12/2019 09/16/2019 65479BAD2 SOLD PAR VALUE OF NISSAN AUTO LEASE 2.050% 9/15/20 /BARCLAYS CAPITAL INC. FIXED IN/112,951.39 PAR VALUE AT 99.93749524 %-112,951.3900 0.999375 - - - 112,880.79 (112,931.66) - (50.87) 10/04/2019 09/16/2019 65479BAD2 RECEIVED ACCRUED INTEREST ON SALE OF NISSAN AUTO LEASE 2.050% 9/15/20 0.0000 0.000000 - - - 6.43 - - - 10/04/2019 09/16/2019 65479BAD2 RECEIVED ACCRUED INTEREST ON SALE OF NISSAN AUTO LEASE 2.050% 9/15/20 0.0000 0.000000 - - - (8.46) - - - 10/04/2019 09/12/2019 09/16/2019 65479BAD2 SOLD -REV PAR VALUE OF NISSAN AUTO LEASE 2.050% 9/15/20 /BARCLAYS CAPITAL INC. FIXED IN/112,951.3900 1.314256 - - - (148,447.06) 112,931.66 - (35,515.40) 10/10/2019 10/10/2019 10/10/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 110,457.3400 1.000000 - - - (110,457.34) 110,457.34 - - 10/10/2019 912828YA2 AMORTIZED PREMIUM ON U S TREASURY NT 1.500% 8/15/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (153.03) - - 10/10/2019 10/09/2019 10/10/2019 912828YA2 SOLD PAR VALUE OF U S TREASURY NT 1.500% 8/15/22 /NOMURA SECURITIES/FIX INCOME/110,000 PAR VALUE AT 100.1875 %-110,000.0000 1.001875 - - - 110,206.25 (110,149.16) 57.09 - 10/10/2019 10/10/2019 912828YA2 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.500% 8/15/22 0.0000 0.000000 - - - 251.09 - - - 10/15/2019 06406FAA1 INTEREST EARNED ON BANK OF NY MTN 2.500% 4/15/21 $1 PV ON 750000.0000 SHARES DUE 10/15/2019 0.0000 0.000000 - - - 9,375.00 - - - 10/15/2019 06406FAA1 AMORTIZED PREMIUM ON BANK OF NY MTN 2.500% 4/15/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (1,449.09) - - 10/15/2019 20772JKP6 INTEREST EARNED ON CONNECTICUT ST 2.401% 10/15/21 $1 PV ON 120000.0000 SHARES DUE 10/15/2019 0.0000 0.000000 - - - 1,440.60 - - - 10/15/2019 20772JKP6 AMORTIZED PREMIUM ON CONNECTICUT ST 2.401% 10/15/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (28.04) - - 10/15/2019 20772KGM5 INTEREST EARNED ON CONNECTICUT ST SER A 2.921% 4/15/23 $1 PV ON 300000.0000 SHARES DUE 10/15/2019 0.0000 0.000000 - - - 4,478.87 - - - 10/15/2019 20772KGM5 AMORTIZED PREMIUM ON CONNECTICUT ST SER A 2.921% 4/15/23 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (144.59) - - 10/15/2019 3130AF5B9 INTEREST EARNED ON F H L B DEB 3.000% 10/12/21 $1 PV ON 620000.0000 SHARES DUE 10/12/2019 0.0000 0.000000 - - - 9,300.00 - - - 10/15/2019 10/15/2019 10/15/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 603,860.1000 1.000000 - - - (603,860.10) 603,860.10 - - 10/15/2019 41284WAC4 INTEREST EARNED ON HARLEY DAVIDSON 2.340% 2/15/24 $1 PV ON 1150.5000 SHARES DUE 10/15/2019 $0.00195/PV ON 590,000.00 PV DUE 10/15/19 0.0000 0.000000 - - - 1,150.50 - - - 10/15/2019 43815NAC8 INTEREST EARNED ON HONDA AUTO 1.780% 8/15/23 $1 PV ON 370.8300 SHARES DUE 10/15/2019 $0.00148/PV ON 250,000.00 PV DUE 10/15/19 0.0000 0.000000 - - - 370.83 - - - 10/15/2019 47787XAC1 INTEREST EARNED ON JOHN DEERE OWNER 1.780% 4/15/21 $1 PV ON 142.1500 SHARES DUE 10/15/2019 $0.00148/PV ON 95,834.35 PV DUE 10/15/19 0.0000 0.000000 - - - 142.15 - - - 10/15/2019 10/15/2019 10/15/2019 47787XAC1 PAID DOWN PAR VALUE OF JOHN DEERE OWNER 1.780% 4/15/21 -19,899.7100 20.833076 - - - 19,899.71 (19,896.88) - 2.83 10/15/2019 47789JAD8 INTEREST EARNED ON JOHN DEERE OWNER 2.910% 7/17/23 $1 PV ON 630.5000 SHARES DUE 10/15/2019 $0.00243/PV ON 260,000.00 PV DUE 10/15/19 0.0000 0.000000 - - - 630.50 - - - 10/15/2019 58769TAD7 INTEREST EARNED ON MERCEDES BENZ 1.940% 3/15/24 $1 PV ON 291.0000 SHARES DUE 10/15/2019 $0.00108/PV ON 270,000.00 PV DUE 10/15/19 0.0000 0.000000 - - - 291.00 - - - Payden & Rygel Operating Portfolio Transaction Report Quarter ended December 31, 2019 ATTACHMENT 16 59 Page 34 of 42 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended December 31, 2019 10/15/2019 65478BAD3 INTEREST EARNED ON NISSAN AUTO LEASE 3.250% 9/15/21 $1 PV ON 541.6700 SHARES DUE 10/15/2019 $0.00271/PV ON 200,000.00 PV DUE 10/15/19 0.0000 0.000000 - - - 541.67 - - - 10/15/2019 65478NAD7 INTEREST EARNED ON NISSAN AUTO 3.220% 6/15/23 $1 PV ON 1207.5000 SHARES DUE 10/15/2019 $0.00268/PV ON 450,000.00 PV DUE 10/15/19 0.0000 0.000000 - - - 1,207.50 - - - 10/15/2019 65479KAD2 INTEREST EARNED ON NISSAN AUTO 2.900% 10/16/23 $1 PV ON 773.3300 SHARES DUE 10/15/2019 $0.00242/PV ON 320,000.00 PV DUE 10/15/19 0.0000 0.000000 - - - 773.33 - - - 10/15/2019 797299LR3 INTEREST EARNED ON SAN DIEGO CA PUBLIC 2.698% 10/15/19 $1 PV ON 500000.0000 SHARES DUE 10/15/2019 0.0000 0.000000 - - - 6,745.00 - - - 10/15/2019 10/15/2019 10/15/2019 797299LR3 MATURED PAR VALUE OF SAN DIEGO CA PUBLIC 2.698% 10/15/19 500,000 PAR VALUE AT 100 %-500,000.0000 1.000000 - - - 500,000.00 (500,000.00) - - 10/15/2019 797299LT9 INTEREST EARNED ON SAN DIEGO CA PUBLIC 2.994% 10/15/21 $1 PV ON 200000.0000 SHARES DUE 10/15/2019 0.0000 0.000000 - - - 2,994.00 - - - 10/15/2019 89238MAD0 INTEREST EARNED ON TOYOTA AUTO 1.730% 2/16/21 $1 PV ON 176.4600 SHARES DUE 10/15/2019 $0.00144/PV ON 122,399.04 PV DUE 10/15/19 0.0000 0.000000 - - - 176.46 - - - 10/15/2019 10/15/2019 10/15/2019 89238MAD0 PAID DOWN PAR VALUE OF TOYOTA AUTO 1.730% 2/16/21 -19,258.7500 21.526432 - - - 19,258.75 (19,256.48) - 2.27 10/15/2019 89238UAD2 INTEREST EARNED ON TOYOTA AUTO 1.910% 9/15/23 $1 PV ON 397.9200 SHARES DUE 10/15/2019 $0.00159/PV ON 250,000.00 PV DUE 10/15/19 0.0000 0.000000 - - - 397.92 - - - 10/15/2019 89239AAD5 INTEREST EARNED ON TOYOTA AUTO 2.910% 7/17/23 $1 PV ON 824.5000 SHARES DUE 10/15/2019 $0.00243/PV ON 340,000.00 PV DUE 10/15/19 0.0000 0.000000 - - - 824.50 - - - 10/15/2019 90290AAC1 INTEREST EARNED ON USAA AUTO OWNER 1.700% 5/17/21 $1 PV ON 68.8300 SHARES DUE 10/15/2019 $0.00142/PV ON 48,582.55 PV DUE 10/15/19 0.0000 0.000000 - - - 68.83 - - - 10/15/2019 10/15/2019 10/15/2019 90290AAC1 PAID DOWN PAR VALUE OF USAA AUTO OWNER 1.700% 5/17/21 -8,986.7300 46.131593 - - - 8,986.73 (8,985.78) - 0.95 10/15/2019 9128285F3 INTEREST EARNED ON U S TREASURY NT 2.875% 10/15/21 $1 PV ON 1030000.0000 SHARES DUE 10/15/2019 0.0000 0.000000 - - - 14,806.25 - - - 10/16/2019 10/16/2019 10/16/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -300,000.0000 1.000000 - - - 300,000.00 (300,000.00) - - 10/16/2019 09/25/2019 10/16/2019 365298Y28 PURCHASED PAR VALUE OF GARDEN GROVE CA 1.875% 8/01/21 /RAYMOND JAMES/FI/300,000 PAR VALUE AT 100 %300,000.0000 1.000000 - - - (300,000.00) 300,000.00 - - 10/17/2019 10/17/2019 10/17/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -390,000.0000 1.000000 - - - 390,000.00 (390,000.00) - - 10/17/2019 09/27/2019 10/17/2019 544290JC4 PURCHASED PAR VALUE OF LOS ALTOS CA SCH 2.143% 8/01/23 /RAYMOND JAMES/FI/390,000 PAR VALUE AT 100 %390,000.0000 1.000000 - - - (390,000.00) 390,000.00 - - 10/18/2019 10/15/2019 10/18/2019 3137B36J2 PURCHASED PAR VALUE OF F H L M C MLTCL MTG 3.320% 2/25/23 /BARCLAYS CAPITAL INC. FIXED IN/110,000 PAR VALUE AT 103.87109091 %110,000.0000 1.038711 - - - (114,258.20) 114,258.20 - - 10/18/2019 10/18/2019 3137B36J2 PAID ACCRUED INTEREST ON PURCHASE OF F H L M C MLTCL MTG 3.320% 2/25/23 0.0000 0.000000 - - - (172.46) - - - 10/18/2019 10/18/2019 10/18/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 4,306.1400 1.000000 - - - (4,306.14) 4,306.14 - - 10/18/2019 43814PAC4 INTEREST EARNED ON HONDA AUTO 1.790% 9/20/21 $1 PV ON 153.1700 SHARES DUE 10/18/2019 $0.00149/PV ON 102,680.86 PV DUE 10/18/19 0.0000 0.000000 - - - 153.17 - - - 10/18/2019 10/18/2019 10/18/2019 43814PAC4 PAID DOWN PAR VALUE OF HONDA AUTO 1.790% 9/20/21 -8,614.6400 0.000000 - - - 8,614.64 (8,613.71) - 0.93 10/18/2019 912828YA2 AMORTIZED PREMIUM ON U S TREASURY NT 1.500% 8/15/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (59.06) - - 10/18/2019 10/15/2019 10/18/2019 912828YA2 SOLD PAR VALUE OF U S TREASURY NT 1.500% 8/15/22 /NOMURA SECURITIES/FIX INCOME/110,000 PAR VALUE AT 99.71093636 %-110,000.0000 0.997109 - - - 109,682.03 (110,147.99) (465.96) - 10/18/2019 10/18/2019 912828YA2 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.500% 8/15/22 0.0000 0.000000 - - - 286.96 - - - 10/21/2019 05584PAD9 INTEREST EARNED ON BMW VEHICLE LEASE 2.070% 10/20/20 $1 PV ON 114.9500 SHARES DUE 10/20/2019 $0.00173/PV ON 66,639.28 PV DUE 10/20/19 0.0000 0.000000 - - - 114.95 - - - 10/21/2019 10/20/2019 10/21/2019 05584PAD9 PAID DOWN PAR VALUE OF BMW VEHICLE LEASE 2.070% 10/20/20 -10,710.3300 0.000000 - - - 10,710.33 (10,710.32) - 0.01 10/21/2019 10/17/2019 10/21/2019 13066YTZ2 PURCHASED PAR VALUE OF CALIFORNIA ST DEPT 2.000% 5/01/22 /RAYMOND JAMES/FI/300,000 PAR VALUE AT 100.417 %300,000.0000 1.004170 - - - (301,251.00) 301,251.00 - - 10/21/2019 10/21/2019 13066YTZ2 PAID ACCRUED INTEREST ON PURCHASE OF CALIFORNIA ST DEPT 2.000% 5/01/22 0.0000 0.000000 - - - (2,833.33) - - - 10/21/2019 10/21/2019 10/21/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -26,565.9100 1.000000 - - - 26,565.91 (26,565.91) - - 10/21/2019 9128284T4 AMORTIZED PREMIUM ON U S TREASURY NT 2.625% 6/15/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (8,515.97) - - 10/21/2019 10/18/2019 10/21/2019 9128284T4 SOLD PAR VALUE OF U S TREASURY NT 2.625% 6/15/21 /NATWEST MKTS SECS/FIXED INCOME/260,000 PAR VALUE AT 101.65625 %-260,000.0000 1.016563 - - - 264,306.25 (263,608.02) 698.23 - 10/21/2019 10/21/2019 9128284T4 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.625% 6/15/21 0.0000 0.000000 - - - 2,386.89 - - - 60 Page 35 of 42 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended December 31, 2019 10/22/2019 10/22/2019 10/22/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 9,606.2500 1.000000 - - - (9,606.25) 9,606.25 - - 10/22/2019 94988J5T0 INTEREST EARNED ON WELLS FARGO MTN 3.625% 10/22/21 $1 PV ON 530000.0000 SHARES DUE 10/22/2019 0.0000 0.000000 - - - 9,606.25 - - - 10/23/2019 10/23/2019 10/23/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 45,655.8400 1.000000 - - - (45,655.84) 45,655.84 - - 10/23/2019 90331HNG4 INTEREST EARNED ON US BANK NA MTN 2.050% 10/23/20 $1 PV ON 250000.0000 SHARES DUE 10/23/2019 0.0000 0.000000 - - - 2,562.50 - - - 10/23/2019 9128284T4 AMORTIZED PREMIUM ON U S TREASURY NT 2.625% 6/15/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (241.57) - - 10/23/2019 10/22/2019 10/23/2019 9128284T4 SOLD PAR VALUE OF U S TREASURY NT 2.625% 6/15/21 /GOLDMAN SACHS & CO. LLC/5,360,000 PAR VALUE AT 101.59375 %-5,360,000.0000 1.015938 - - - 5,445,425.00 (5,434,139.06) 11,285.94 - 10/23/2019 10/23/2019 9128284T4 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.625% 6/15/21 0.0000 0.000000 - - - 49,975.41 - - - 10/23/2019 10/22/2019 10/23/2019 912828F96 PURCHASED PAR VALUE OF U S TREASURY NT 2.000% 10/31/21 /GOLDMAN SACHS & CO. LLC/5,360,000 PAR VALUE AT 100.765625 %5,360,000.0000 1.007656 - - - (5,401,037.50) 5,401,037.50 - - 10/23/2019 10/23/2019 912828F96 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.000% 10/31/21 0.0000 0.000000 - - - (51,269.57) - - - 10/24/2019 TRUST FEES COLLECTED CHARGED FOR PERIOD 09/01/2019 THRU 09/30/2019 COLLECTED BY DISBURSEMENT 0.0000 0.000000 - - - (556.89) - - - 10/24/2019 10/24/2019 10/24/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 419,722.7300 1.000000 - - - (419,722.73) 419,722.73 - - 10/24/2019 10/24/2019 10/24/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,867.3100 1.000000 - - - (1,867.31) 1,867.31 - - 10/24/2019 91159HHQ6 INTEREST EARNED ON US BANCORP MTN 2.92275% 1/24/22 $1 PV ON 250000.0000 SHARES DUE 10/24/2019 0.0000 0.000000 - - - 1,867.31 - - - 10/24/2019 91159HHQ6 AMORTIZED PREMIUM ON US BANCORP MTN 2.92275% 1/24/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (148.96) - - 10/24/2019 912828YA2 AMORTIZED PREMIUM ON U S TREASURY NT 1.500% 8/15/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (43.06) - - 10/24/2019 10/23/2019 10/24/2019 912828YA2 SOLD PAR VALUE OF U S TREASURY NT 1.500% 8/15/22 /HSBC SECURITIES, INC./420,000 PAR VALUE AT 99.78125 %-420,000.0000 0.997813 - - - 419,081.25 (420,561.74) (1,480.49) - 10/24/2019 10/24/2019 912828YA2 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.500% 8/15/22 0.0000 0.000000 - - - 1,198.37 - - - 10/25/2019 05582QAD9 INTEREST EARNED ON BMW VEHICLE OWNER 1.160% 11/25/20 $1 PV ON 9.5700 SHARES DUE 10/25/2019 $0.00097/PV ON 9,898.19 PV DUE 10/25/19 0.0000 0.000000 - - - 9.57 - - - 10/25/2019 10/25/2019 10/25/2019 05582QAD9 PAID DOWN PAR VALUE OF BMW VEHICLE OWNER 1.160% 11/25/20 CMO FINAL PAYDOWN -9,898.1900 0.000000 - - - 9,898.19 (9,898.14) - 0.05 10/25/2019 05588CAC6 INTEREST EARNED ON BMW VEHICLE OWNER 1.920% 1/25/24 $1 PV ON 651.2000 SHARES DUE 10/25/2019 $0.00197/PV ON 330,000.00 PV DUE 10/25/19 0.0000 0.000000 - - - 651.20 - - - 10/25/2019 10/23/2019 10/25/2019 250847EJ5 PURCHASED PAR VALUE OF DETROIT EDISON CO 2.650% 6/15/22 /PERSHING LLC/180,000 PAR VALUE AT 101.493 %180,000.0000 1.014930 - - - (182,687.40) 182,687.40 - - 10/25/2019 10/25/2019 250847EJ5 PAID ACCRUED INTEREST ON PURCHASE OF DETROIT EDISON CO 2.650% 6/15/22 0.0000 0.000000 - - - (1,722.50) - - - 10/25/2019 3136B1XP4 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 155261.2000 SHARES DUE 10/25/2019 PENALTY PAYMENT 0.0000 0.000000 - - - 10.03 - - - 10/25/2019 3136B1XP4 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 460.6100 SHARES DUE 10/25/2019 $0.00297/PV ON 155,261.20 PV DUE 10/25/19 0.0000 0.000000 - - - 460.61 - - - 10/25/2019 3136B1XP4 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.560% 9/25/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (74.48) - - 10/25/2019 10/25/2019 10/25/2019 3136B1XP4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.560% 9/25/21 -5,238.5700 0.000000 - - - 5,238.57 (5,297.29) - (58.72) 10/25/2019 3137ATRW4 INTEREST EARNED ON F H L M C MULTICLASS 2.373% 5/25/22 $1 PV ON 375.7300 SHARES DUE 10/25/2019 $0.00198/PV ON 190,000.00 PV DUE 10/25/19 0.0000 0.000000 - - - 375.73 - - - 10/25/2019 3137ATRW4 AMORTIZED PREMIUM ON F H L M C MULTICLASS 2.373% 5/25/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (30.48) - - 10/25/2019 3137B1U75 INTEREST EARNED ON F H L M C MLTCL MTG 2.522% 1/25/23 $1 PV ON 336.2700 SHARES DUE 10/25/2019 $0.00210/PV ON 160,000.00 PV DUE 10/25/19 0.0000 0.000000 - - - 336.27 - - - 10/25/2019 3137B1U75 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.522% 1/25/23 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (18.21) - - 10/25/2019 3137B36J2 INTEREST EARNED ON F H L M C MLTCL MTG 3.320% 2/25/23 $1 PV ON 370000.0000 SHARES DUE 10/25/2019 0.0000 0.000000 - - - 1,023.67 - - - 10/25/2019 3137B36J2 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 3.320% 2/25/23 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (426.81) - - 10/25/2019 3137BQR90 INTEREST EARNED ON F H L M C MLTCL MTG 2.272% 1/25/23 $1 PV ON 473.3300 SHARES DUE 10/25/2019 $0.00189/PV ON 250,000.00 PV DUE 10/25/19 0.0000 0.000000 - - - 473.33 - - - 10/25/2019 3137BQR90 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.272% 1/25/23 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (19.33) - - 61 Page 36 of 42 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended December 31, 2019 10/25/2019 3137FJYA1 INTEREST EARNED ON F H L M C MLTCL MT 9.43859% 5/25/23 $1 PV ON 1945.0700 SHARES DUE 10/25/2019 $0.00787/PV ON 247,291.56 PV DUE 10/25/19 0.0000 0.000000 - - - 1,945.07 - - - 10/25/2019 10/25/2019 10/25/2019 3137FJYA1 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 9.43859% 5/25/23 -29,185.9100 0.000000 - - - 29,185.91 (29,185.12) 0.79 - 10/25/2019 10/25/2019 10/25/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -145,733.6400 1.000000 - - - 145,733.64 (145,733.64) - - 10/25/2019 10/25/2019 10/25/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 10,931.8900 1.000000 - - - (10,931.89) 10,931.89 - - 10/28/2019 10/28/2019 10/28/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -399,474.6500 1.000000 - - - 399,474.65 (399,474.65) - - 10/28/2019 10/25/2019 10/28/2019 912828YJ3 PURCHASED PAR VALUE OF U S TREASURY NT 1.500% 9/30/21 /HSBC SECURITIES, INC./400,000 PAR VALUE AT 99.7539075 %400,000.0000 0.997539 - - - (399,015.63) 399,015.63 - - 10/28/2019 10/28/2019 912828YJ3 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.500% 9/30/21 0.0000 0.000000 - - - (459.02) - - - 10/29/2019 10/29/2019 10/29/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -121,574.7300 1.000000 - - - 121,574.73 (121,574.73) - - 10/29/2019 10/25/2019 10/29/2019 693304AP2 PURCHASED PAR VALUE OF PECO ENERGY CO 2.375% 9/15/22 /PERSHING LLC/120,000 PAR VALUE AT 101.022 %120,000.0000 1.010220 - - - (121,226.40) 121,226.40 - - 10/29/2019 10/29/2019 693304AP2 PAID ACCRUED INTEREST ON PURCHASE OF PECO ENERGY CO 2.375% 9/15/22 0.0000 0.000000 - - - (348.33) - - - 10/31/2019 10/31/2019 10/31/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 53,600.0000 1.000000 - - - (53,600.00) 53,600.00 - - 10/31/2019 912828F96 INTEREST EARNED ON U S TREASURY NT 2.000% 10/31/21 $1 PV ON 5360000.0000 SHARES DUE 10/31/2019 0.0000 0.000000 - - - 53,600.00 - - - 10/31/2019 912828F96 AMORTIZED PREMIUM ON U S TREASURY NT 2.000% 10/31/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (425.34) - - 11/01/2019 13066YTY5 INTEREST EARNED ON CALIFORNIA ST DEPT 1.713% 5/01/21 $1 PV ON 942.1500 SHARES DUE 11/1/2019 $0.00907/PV ON 103,915.21 PV DUE 11/ 1/19 0.0000 0.000000 - - - 942.15 - - - 11/01/2019 13066YTZ2 INTEREST EARNED ON CALIFORNIA ST DEPT 2.000% 5/01/22 $1 PV ON 300000.0000 SHARES DUE 11/1/2019 0.0000 0.000000 - - - 3,000.00 - - - 11/01/2019 13066YTZ2 AMORTIZED PREMIUM ON CALIFORNIA ST DEPT 2.000% 5/01/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (12.46) - - 11/01/2019 13077CT38 AMORTIZED PREMIUM ON CALIFORNIA ST 1.982% 11/01/19 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (110.80) - - 11/01/2019 11/01/2019 11/01/2019 13077CT38 MATURED PAR VALUE OF CALIFORNIA ST 1.982% 11/01/19 130,000 PAR VALUE AT 100 %-130,000.0000 1.000000 - - - 130,000.00 (130,000.00) - - 11/01/2019 13077CT38 INTEREST EARNED ON CALIFORNIA ST 1.982% 11/01/19 $1 PV ON 130000.0000 SHARES DUE 11/1/2019 0.0000 0.000000 - - - 1,288.30 - - - 11/01/2019 156549AA5 INTEREST EARNED ON CENTURY HOUSING CORP 3.824% 11/01/20 $1 PV ON 110000.0000 SHARES DUE 11/1/2019 0.0000 0.000000 - - - 2,103.20 - - - 11/01/2019 11/01/2019 11/01/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 942.1500 1.000000 - - - (942.15) 942.15 - - 11/01/2019 11/01/2019 11/01/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 158,154.3000 1.000000 - - - (158,154.30) 158,154.30 - - 11/01/2019 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 10/31/2019 INTEREST FROM 10/1/19 TO 10/31/19 0.0000 0.000000 - - - 406.11 - - - 11/01/2019 10/10/2019 11/01/2019 576051VW3 PURCHASED PAR VALUE OF MASSACHUSETTS ST WTR 1.772% 8/01/23 /CITIGROUP GLOBAL MARKETS INC./110,000 PAR VALUE AT 100 %110,000.0000 1.000000 - - - (110,000.00) 110,000.00 - - 11/01/2019 78607QAT2 INTEREST EARNED ON SACRAMENTO CA 2.712% 11/01/19 $1 PV ON 130000.0000 SHARES DUE 11/1/2019 0.0000 0.000000 - - - 1,762.80 - - - 11/01/2019 11/01/2019 11/01/2019 78607QAT2 MATURED PAR VALUE OF SACRAMENTO CA 2.712% 11/01/19 130,000 PAR VALUE AT 100 %-130,000.0000 1.000000 - - - 130,000.00 (130,000.00) - - 11/04/2019 11/04/2019 11/04/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 307,975.9200 1.000000 - - - (307,975.92) 307,975.92 - - 11/04/2019 9128284W7 AMORTIZED PREMIUM ON U S TREASURY NT 2.750% 8/15/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (290.80) - - 11/04/2019 10/30/2019 11/04/2019 9128284W7 SOLD PAR VALUE OF U S TREASURY NT 2.750% 8/15/21 /HSBC SECURITIES, INC./300,000 PAR VALUE AT 101.91797 %-300,000.0000 1.019180 - - - 305,753.91 (300,490.91) - 5,263.00 11/04/2019 11/04/2019 9128284W7 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.750% 8/15/21 0.0000 0.000000 - - - 1,815.90 - - - 11/07/2019 13066YTY5 INTEREST EARNED ON CALIFORNIA ST DEPT 1.713% 5/01/21 $1 PV ON 942.1500 SHARES DUE 11/1/2019 RATE REVISION 0.0000 0.000000 - - - (942.15) - - - 11/07/2019 13066YTY5 INTEREST EARNED ON CALIFORNIA ST DEPT 1.713% 5/01/21 $1 PV ON 103915.2100 SHARES DUE 11/1/2019 0.0000 0.000000 - - - 890.03 - - - 11/07/2019 11/07/2019 11/07/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -52.1200 1.000000 - - - 52.12 (52.12) - - 11/08/2019 11/07/2019 11/08/2019 3130AHJY0 PURCHASED PAR VALUE OF F H L B DEB 1.625% 11/19/21 /WELLS FARGO SECURITIES, LLC/470,000 PAR VALUE AT 99.829 %470,000.0000 0.998290 - - - (469,196.30) 469,196.30 - - 11/08/2019 11/08/2019 11/08/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 12,434.7800 1.000000 - - - (12,434.78) 12,434.78 - - 11/08/2019 9128284W7 AMORTIZED PREMIUM ON U S TREASURY NT 2.750% 8/15/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (9.84) - - 11/08/2019 11/07/2019 11/08/2019 9128284W7 SOLD PAR VALUE OF U S TREASURY NT 2.750% 8/15/21 /HSBC SECURITIES, INC./470,000 PAR VALUE AT 101.83950851 %-470,000.0000 1.018395 - - - 478,645.69 (470,764.35) - 7,881.34 11/08/2019 11/08/2019 9128284W7 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.750% 8/15/21 0.0000 0.000000 - - - 2,985.39 - - - 62 Page 37 of 42 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended December 31, 2019 11/12/2019 11/12/2019 11/12/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -417,562.5000 1.000000 - - - 417,562.50 (417,562.50) - - 11/12/2019 478160CH5 INTEREST EARNED ON JOHNSON JOHNSON 1.950% 11/10/20 $1 PV ON 250000.0000 SHARES DUE 11/10/2019 0.0000 0.000000 - - - 2,437.50 - - - 11/12/2019 10/23/2019 11/12/2019 835569GP3 PURCHASED PAR VALUE OF SONOMA CNTY CA 1.969% 8/01/22 /PERSHING LLC/420,000 PAR VALUE AT 100 %420,000.0000 1.000000 - - - (420,000.00) 420,000.00 - - 11/14/2019 11/14/2019 11/14/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -16,535.9300 1.000000 - - - 16,535.93 (16,535.93) - - 11/14/2019 9128287F1 AMORTIZED PREMIUM ON U S TREASURY NT 1.750% 7/31/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (1,151.03) - - 11/14/2019 11/13/2019 11/14/2019 9128287F1 SOLD PAR VALUE OF U S TREASURY NT 1.750% 7/31/21 /GOLDMAN SACHS & CO. LLC/805,000 PAR VALUE AT 100.12075901 %-805,000.0000 1.001208 - - - 805,972.11 (807,859.85) (1,887.74) - 11/14/2019 11/14/2019 9128287F1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.750% 7/31/21 0.0000 0.000000 - - - 4,057.81 - - - 11/14/2019 11/13/2019 11/14/2019 912828TY6 PURCHASED PAR VALUE OF U S TREASURY NT 1.625% 11/15/22 /CITIGROUP GLOBAL MARKETS INC./1,075,000 PAR VALUE AT 99.90234419 %1,075,000.0000 0.999023 - - - (1,073,950.20) 1,073,950.20 - - 11/14/2019 11/14/2019 912828TY6 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.625% 11/15/22 0.0000 0.000000 - - - (8,686.91) - - - 11/14/2019 11/13/2019 11/14/2019 912828Y20 SOLD PAR VALUE OF U S TREASURY NT 2.625% 7/15/21 /HSBC SECURITIES, INC./250,000 PAR VALUE AT 101.55826 %-250,000.0000 1.015583 - - - 253,895.65 (249,619.14) - 4,276.51 11/14/2019 11/14/2019 912828Y20 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.625% 7/15/21 0.0000 0.000000 - - - 2,175.61 - - - 11/15/2019 144141DC9 INTEREST EARNED ON PROG ENERGY CAROLINA 2.800% 5/15/22 $1 PV ON 250000.0000 SHARES DUE 11/15/2019 0.0000 0.000000 - - - 3,500.00 - - - 11/15/2019 144141DC9 AMORTIZED PREMIUM ON PROG ENERGY CAROLINA 2.800% 5/15/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (419.66) - - 11/15/2019 210518CT1 INTEREST EARNED ON CONSUMERS ENERGY CO 2.850% 5/15/22 $1 PV ON 375000.0000 SHARES DUE 11/15/2019 0.0000 0.000000 - - - 5,343.75 - - - 11/15/2019 210518CT1 AMORTIZED PREMIUM ON CONSUMERS ENERGY CO 2.850% 5/15/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (653.73) - - 11/15/2019 11/15/2019 11/15/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 95,428.2700 1.000000 - - - (95,428.27) 95,428.27 - - 11/15/2019 41284WAC4 INTEREST EARNED ON HARLEY DAVIDSON 2.340% 2/15/24 $1 PV ON 1150.5000 SHARES DUE 11/15/2019 $0.00195/PV ON 590,000.00 PV DUE 11/15/19 0.0000 0.000000 - - - 1,150.50 - - - 11/15/2019 43815NAC8 INTEREST EARNED ON HONDA AUTO 1.780% 8/15/23 $1 PV ON 370.8300 SHARES DUE 11/15/2019 $0.00148/PV ON 250,000.00 PV DUE 11/15/19 0.0000 0.000000 - - - 370.83 - - - 11/15/2019 47787XAC1 INTEREST EARNED ON JOHN DEERE OWNER 1.780% 4/15/21 $1 PV ON 112.6400 SHARES DUE 11/15/2019 $0.00148/PV ON 75,934.64 PV DUE 11/15/19 0.0000 0.000000 - - - 112.64 - - - 11/15/2019 11/15/2019 11/15/2019 47787XAC1 PAID DOWN PAR VALUE OF JOHN DEERE OWNER 1.780% 4/15/21 -20,560.8300 20.163202 - - - 20,560.83 (20,557.90) - 2.93 11/15/2019 47789JAD8 INTEREST EARNED ON JOHN DEERE OWNER 2.910% 7/17/23 $1 PV ON 630.5000 SHARES DUE 11/15/2019 $0.00243/PV ON 260,000.00 PV DUE 11/15/19 0.0000 0.000000 - - - 630.50 - - - 11/15/2019 544445AZ2 INTEREST EARNED ON LOS ANGELES CA DEPT 2.092% 5/15/20 $1 PV ON 100000.0000 SHARES DUE 11/15/2019 0.0000 0.000000 - - - 1,046.00 - - - 11/15/2019 58769TAD7 INTEREST EARNED ON MERCEDES BENZ 1.940% 3/15/24 $1 PV ON 436.5000 SHARES DUE 11/15/2019 $0.00162/PV ON 270,000.00 PV DUE 11/15/19 0.0000 0.000000 - - - 436.50 - - - 11/15/2019 65478BAD3 INTEREST EARNED ON NISSAN AUTO LEASE 3.250% 9/15/21 $1 PV ON 541.6700 SHARES DUE 11/15/2019 $0.00271/PV ON 200,000.00 PV DUE 11/15/19 0.0000 0.000000 - - - 541.67 - - - 11/15/2019 65478NAD7 INTEREST EARNED ON NISSAN AUTO 3.220% 6/15/23 $1 PV ON 1207.5000 SHARES DUE 11/15/2019 $0.00268/PV ON 450,000.00 PV DUE 11/15/19 0.0000 0.000000 - - - 1,207.50 - - - 11/15/2019 65479KAD2 INTEREST EARNED ON NISSAN AUTO 2.900% 10/16/23 $1 PV ON 773.3300 SHARES DUE 11/15/2019 $0.00242/PV ON 320,000.00 PV DUE 11/15/19 0.0000 0.000000 - - - 773.33 - - - 11/15/2019 89238MAD0 INTEREST EARNED ON TOYOTA AUTO 1.730% 2/16/21 $1 PV ON 148.6900 SHARES DUE 11/15/2019 $0.00144/PV ON 103,140.29 PV DUE 11/15/19 0.0000 0.000000 - - - 148.69 - - - 11/15/2019 11/15/2019 11/15/2019 89238MAD0 PAID DOWN PAR VALUE OF TOYOTA AUTO 1.730% 2/16/21 -19,738.3900 21.003343 - - - 19,738.39 (19,736.07) - 2.32 11/15/2019 89238UAD2 INTEREST EARNED ON TOYOTA AUTO 1.910% 9/15/23 $1 PV ON 397.9200 SHARES DUE 11/15/2019 $0.00159/PV ON 250,000.00 PV DUE 11/15/19 0.0000 0.000000 - - - 397.92 - - - 11/15/2019 89239AAD5 INTEREST EARNED ON TOYOTA AUTO 2.910% 7/17/23 $1 PV ON 824.5000 SHARES DUE 11/15/2019 $0.00243/PV ON 340,000.00 PV DUE 11/15/19 0.0000 0.000000 - - - 824.50 - - - 11/15/2019 90290AAC1 INTEREST EARNED ON USAA AUTO OWNER 1.700% 5/17/21 $1 PV ON 56.0900 SHARES DUE 11/15/2019 $0.00142/PV ON 39,595.82 PV DUE 11/15/19 0.0000 0.000000 - - - 56.09 - - - 63 Page 38 of 42 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended December 31, 2019 11/15/2019 11/15/2019 11/15/2019 90290AAC1 PAID DOWN PAR VALUE OF USAA AUTO OWNER 1.700% 5/17/21 -8,819.4400 47.006632 - - - 8,819.44 (8,818.51) - 0.93 11/15/2019 9128285L0 INTEREST EARNED ON U S TREASURY NT 2.875% 11/15/21 $1 PV ON 1035000.0000 SHARES DUE 11/15/2019 0.0000 0.000000 - - - 14,878.13 - - - 11/15/2019 9128285L0 AMORTIZED PREMIUM ON U S TREASURY NT 2.875% 11/15/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (209.59) - - 11/15/2019 912828TY6 INTEREST EARNED ON U S TREASURY NT 1.625% 11/15/22 $1 PV ON 1075000.0000 SHARES DUE 11/15/2019 0.0000 0.000000 - - - 8,734.38 - - - 11/15/2019 91412G2S3 INTEREST EARNED ON UNIV OF CALIFORNIA 2.112% 5/15/21 $1 PV ON 140000.0000 SHARES DUE 11/15/2019 0.0000 0.000000 - - - 1,478.40 - - - 11/15/2019 91412HDJ9 INTEREST EARNED ON UNIV OF CA 3.283% 5/15/22 $1 PV ON 285000.0000 SHARES DUE 11/15/2019 0.0000 0.000000 - - - 4,678.28 - - - 11/15/2019 91412HDJ9 AMORTIZED PREMIUM ON UNIV OF CA 3.283% 5/15/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (141.94) - - 11/18/2019 11/18/2019 11/18/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 8,563.9900 1.000000 - - - (8,563.99) 8,563.99 - - 11/18/2019 43814PAC4 INTEREST EARNED ON HONDA AUTO 1.790% 9/20/21 $1 PV ON 140.3200 SHARES DUE 11/18/2019 $0.00149/PV ON 94,066.22 PV DUE 11/18/19 0.0000 0.000000 - - - 140.32 - - - 11/18/2019 11/18/2019 11/18/2019 43814PAC4 PAID DOWN PAR VALUE OF HONDA AUTO 1.790% 9/20/21 -8,423.6700 0.000000 - - - 8,423.67 (8,422.76) - 0.91 11/20/2019 05584PAD9 INTEREST EARNED ON BMW VEHICLE LEASE 2.070% 10/20/20 $1 PV ON 96.4800 SHARES DUE 11/20/2019 $0.00173/PV ON 55,928.95 PV DUE 11/20/19 0.0000 0.000000 - - - 96.48 - - - 11/20/2019 11/20/2019 11/20/2019 05584PAD9 PAID DOWN PAR VALUE OF BMW VEHICLE LEASE 2.070% 10/20/20 -12,678.0300 0.000000 - - - 12,678.03 (12,678.02) - 0.01 11/20/2019 17325FAY4 INTEREST EARNED ON CITIBANK NA 2.844% 5/20/22 $1 PV ON 510000.0000 SHARES DUE 11/20/2019 0.0000 0.000000 - - - 7,171.62 - - - 11/20/2019 17325FAY4 AMORTIZED PREMIUM ON CITIBANK NA 2.844% 5/20/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (290.42) - - 11/20/2019 11/20/2019 11/20/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 19,946.1300 1.000000 - - - (19,946.13) 19,946.13 - - 11/21/2019 11/21/2019 11/21/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 520,838.1100 1.000000 - - - (520,838.11) 520,838.11 - - 11/21/2019 912828YA2 AMORTIZED PREMIUM ON U S TREASURY NT 1.500% 8/15/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (181.80) - - 11/21/2019 11/19/2019 11/21/2019 912828YA2 SOLD PAR VALUE OF U S TREASURY NT 1.500% 8/15/22 /CITADEL SECURITIES LLC/520,000 PAR VALUE AT 99.76171923 %-520,000.0000 0.997617 - - - 518,760.94 (520,676.76) (1,915.82) - 11/21/2019 11/21/2019 912828YA2 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.500% 8/15/22 0.0000 0.000000 - - - 2,077.17 - - - 11/22/2019 11/22/2019 11/22/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 470,127.0000 1.000000 - - - (470,127.00) 470,127.00 - - 11/22/2019 9128287C8 AMORTIZED PREMIUM ON U S TREASURY NT 1.750% 7/15/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (139.28) - - 11/22/2019 11/20/2019 11/22/2019 9128287C8 SOLD PAR VALUE OF U S TREASURY NT 1.750% 7/15/22 /CITIGROUP GLOBAL MARKETS INC./465,000 PAR VALUE AT 100.48437419 %-465,000.0000 1.004844 - - - 467,252.34 (467,327.48) (75.14) - 11/22/2019 11/22/2019 9128287C8 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.750% 7/15/22 0.0000 0.000000 - - - 2,874.66 - - - 11/25/2019 TRUST FEES COLLECTED CHARGED FOR PERIOD 10/01/2019 THRU 10/31/2019 COLLECTED BY DISBURSEMENT 0.0000 0.000000 - - - (558.91) - - - 11/25/2019 05588CAC6 INTEREST EARNED ON BMW VEHICLE OWNER 1.920% 1/25/24 $1 PV ON 528.0000 SHARES DUE 11/25/2019 $0.00160/PV ON 330,000.00 PV DUE 11/25/19 0.0000 0.000000 - - - 528.00 - - - 11/25/2019 11/20/2019 11/25/2019 13032UUZ9 PURCHASED PAR VALUE OF CALIFORNIA ST HLTH 1.893% 6/01/22 /RAYMOND JAMES/FI/520,000 PAR VALUE AT 100 %520,000.0000 1.000000 - - - (520,000.00) 520,000.00 - - 11/25/2019 3136B1XP4 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 445.0700 SHARES DUE 11/25/2019 $0.00297/PV ON 150,022.63 PV DUE 11/25/19 0.0000 0.000000 - - - 445.07 - - - 11/25/2019 3136B1XP4 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.560% 9/25/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (74.36) - - 11/25/2019 11/25/2019 11/25/2019 3136B1XP4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.560% 9/25/21 -3,262.5300 0.000000 - - - 3,262.53 (3,297.48) - (34.95) 11/25/2019 3136B1XP4 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 150022.6300 SHARES DUE 11/25/2019 PENALTY PAYMENT 0.0000 0.000000 - - - 8.29 - - - 11/25/2019 3137ATRW4 INTEREST EARNED ON F H L M C MULTICLASS 2.373% 5/25/22 $1 PV ON 375.7300 SHARES DUE 11/25/2019 $0.00198/PV ON 190,000.00 PV DUE 11/25/19 0.0000 0.000000 - - - 375.73 - - - 11/25/2019 3137ATRW4 AMORTIZED PREMIUM ON F H L M C MULTICLASS 2.373% 5/25/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (31.50) - - 11/25/2019 3137B1U75 INTEREST EARNED ON F H L M C MLTCL MTG 2.522% 1/25/23 $1 PV ON 336.2700 SHARES DUE 11/25/2019 $0.00210/PV ON 160,000.00 PV DUE 11/25/19 0.0000 0.000000 - - - 336.27 - - - 11/25/2019 3137B1U75 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.522% 1/25/23 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (18.82) - - 11/25/2019 11/25/2019 11/25/2019 3137B1U75 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.522% 1/25/23 PRINC DUE -4,671.0800 3.676946 - - - 4,671.08 (4,691.58) (20.50) - 64 Page 39 of 42 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended December 31, 2019 11/25/2019 3137B36J2 INTEREST EARNED ON F H L M C MLTCL MTG 3.320% 2/25/23 $1 PV ON 1328.0000 SHARES DUE 11/25/2019 $0.00277/PV ON 480,000.00 PV DUE 11/25/19 0.0000 0.000000 - - - 1,328.00 - - - 11/25/2019 3137B36J2 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 3.320% 2/25/23 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (523.59) - - 11/25/2019 3137BQR90 INTEREST EARNED ON F H L M C MLTCL MTG 2.272% 1/25/23 $1 PV ON 473.3300 SHARES DUE 11/25/2019 $0.00189/PV ON 250,000.00 PV DUE 11/25/19 0.0000 0.000000 - - - 473.33 - - - 11/25/2019 3137BQR90 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.272% 1/25/23 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (19.98) - - 11/25/2019 3137FJYA1 INTEREST EARNED ON F H L M C MLTCL 3.454% 5/25/23 $1 PV ON 845.3200 SHARES DUE 11/25/2019 $0.00388/PV ON 218,105.65 PV DUE 11/25/19 0.0000 0.000000 - - - 845.32 - - - 11/25/2019 11/25/2019 11/25/2019 3137FJYA1 PAID DOWN PAR VALUE OF F H L M C MLTCL 3.454% 5/25/23 -5,166.3800 0.000000 - - - 5,166.38 (5,166.24) - 0.14 11/25/2019 11/25/2019 11/25/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -1,047,152.2600 1.000000 - - - 1,047,152.26 (1,047,152.26) - - 11/25/2019 11/25/2019 11/25/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 4,679.3700 1.000000 - - - (4,679.37) 4,679.37 - - 11/25/2019 11/22/2019 11/25/2019 912828YP9 PURCHASED PAR VALUE OF U S TREASURY NT 1.500% 10/31/21 /CITADEL SECURITIES LLC/540,000 PAR VALUE AT 99.77734444 %540,000.0000 0.997773 - - - (538,797.66) 538,797.66 - - 11/25/2019 11/25/2019 912828YP9 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.500% 10/31/21 0.0000 0.000000 - - - (556.32) - - - 12/02/2019 010831DN2 INTEREST EARNED ON ALAMEDA CNTY CA JT 2.866% 6/01/21 $1 PV ON 255000.0000 SHARES DUE 12/1/2019 0.0000 0.000000 - - - 3,654.15 - - - 12/02/2019 12/02/2019 12/02/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 24,412.0600 1.000000 - - - (24,412.06) 24,412.06 - - 12/02/2019 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 11/30/2019 INTEREST FROM 11/1/19 TO 11/30/19 0.0000 0.000000 - - - 441.89 - - - 12/02/2019 80136PCY7 INTEREST EARNED ON SANTA BARBARA CA 3.300% 12/01/21 $1 PV ON 125000.0000 SHARES DUE 12/1/2019 0.0000 0.000000 - - - 2,062.50 - - - 12/02/2019 80168FMA1 INTEREST EARNED ON SANTA CLARA VLY CA 2.387% 6/01/21 $1 PV ON 400000.0000 SHARES DUE 12/1/2019 0.0000 0.000000 - - - 4,774.00 - - - 12/02/2019 912828F96 AMORTIZED PREMIUM ON U S TREASURY NT 2.000% 10/31/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (1,789.04) - - 12/02/2019 11/27/2019 12/02/2019 912828F96 SOLD PAR VALUE OF U S TREASURY NT 2.000% 10/31/21 /CITIGROUP GLOBAL MARKETS INC./2,155,000 PAR VALUE AT 100.64062506 %-2,155,000.0000 1.006406 - - - 2,168,805.47 (2,170,608.92) (1,803.45) - 12/02/2019 12/02/2019 912828F96 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.000% 10/31/21 0.0000 0.000000 - - - 3,789.01 - - - 12/02/2019 11/27/2019 12/02/2019 912828TY6 PURCHASED PAR VALUE OF U S TREASURY NT 1.625% 11/15/22 /CITADEL SECURITIES LLC/2,695,000 PAR VALUE AT 100.03125009 %2,695,000.0000 1.000313 - - - (2,695,842.19) 2,695,842.19 - - 12/02/2019 12/02/2019 912828TY6 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.625% 11/15/22 0.0000 0.000000 - - - (2,045.31) - - - 12/02/2019 11/27/2019 12/02/2019 912828YP9 SOLD PAR VALUE OF U S TREASURY NT 1.500% 10/31/21 /CITIGROUP GLOBAL MARKETS INC./540,000 PAR VALUE AT 99.72265556 %-540,000.0000 0.997227 - - - 538,502.34 (538,797.66) (295.32) - 12/02/2019 12/02/2019 912828YP9 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.500% 10/31/21 0.0000 0.000000 - - - 712.09 - - - 12/03/2019 166764AU4 INTEREST EARNED ON CHEVRON CORP 2.66763% 3/03/22 $1 PV ON 500000.0000 SHARES DUE 12/3/2019 0.0000 0.000000 - - - 3,371.59 - - - 12/03/2019 166764AU4 AMORTIZED PREMIUM ON CHEVRON CORP 2.66763% 3/03/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (308.84) - - 12/03/2019 12/03/2019 12/03/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 3,813.4800 1.000000 - - - (3,813.48) 3,813.48 - - 12/09/2019 12/09/2019 12/09/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -549,538.0000 1.000000 - - - 549,538.00 (549,538.00) - - 12/09/2019 12/09/2019 12/09/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 506,556.5300 1.000000 - - - (506,556.53) 506,556.53 - - 12/09/2019 12/05/2019 12/09/2019 90331HNG4 SOLD PAR VALUE OF US BANK NA MTN 2.050% 10/23/20 /TD SECURITIES (USA)/250,000 PAR VALUE AT 100.131 %-250,000.0000 1.001310 - - - 250,327.50 (249,950.00) - 377.50 12/09/2019 12/09/2019 90331HNG4 RECEIVED ACCRUED INTEREST ON SALE OF US BANK NA MTN 2.050% 10/23/20 0.0000 0.000000 - - - 654.86 - - - 12/09/2019 12/05/2019 12/09/2019 90331HPA5 SOLD PAR VALUE OF US BANK NA MTN 3.000% 2/04/21 /TD SECURITIES (USA)/250,000 PAR VALUE AT 101.188 %-250,000.0000 1.011880 - - - 252,970.00 (249,797.50) 3,172.50 - 12/09/2019 12/09/2019 90331HPA5 RECEIVED ACCRUED INTEREST ON SALE OF US BANK NA MTN 3.000% 2/04/21 0.0000 0.000000 - - - 2,604.17 - - - 12/09/2019 12/05/2019 12/09/2019 90331HPF4 PURCHASED PAR VALUE OF US BANK NA MTN 1.950% 1/09/23 /US BANCORP INVESTMENTS INC./550,000 PAR VALUE AT 99.916 %550,000.0000 0.999160 - - - (549,538.00) 549,538.00 - - 12/11/2019 12/11/2019 12/11/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 337,693.2300 1.000000 - - - (337,693.23) 337,693.23 - - 12/11/2019 9128287F1 AMORTIZED PREMIUM ON U S TREASURY NT 1.750% 7/31/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (393.96) - - 12/11/2019 12/10/2019 12/11/2019 9128287F1 SOLD PAR VALUE OF U S TREASURY NT 1.750% 7/31/21 /NOMURA SECURITIES/FIX INCOME/1,400,000 PAR VALUE AT 100.08984357 %-1,400,000.0000 1.000898 - - - 1,401,257.81 (1,403,438.92) (2,181.11) - 65 Page 40 of 42 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended December 31, 2019 12/11/2019 12/11/2019 9128287F1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.750% 7/31/21 0.0000 0.000000 - - - 8,854.62 - - - 12/11/2019 12/10/2019 12/11/2019 912828YT1 PURCHASED PAR VALUE OF U S TREASURY NT 1.500% 11/30/21 /NOMURA SECURITIES/FIX INCOME/1,075,000 PAR VALUE AT 99.71484372 %1,075,000.0000 0.997148 - - - (1,071,934.57) 1,071,934.57 - - 12/11/2019 12/11/2019 912828YT1 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.500% 11/30/21 0.0000 0.000000 - - - (484.63) - - - 12/12/2019 12/12/2019 12/12/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -435,000.0000 1.000000 - - - 435,000.00 (435,000.00) - - 12/12/2019 11/21/2019 12/12/2019 796720ME7 PURCHASED PAR VALUE OF SAN BERNARDINO CA 1.883% 8/01/22 /PERSHING LLC/435,000 PAR VALUE AT 100 %435,000.0000 1.000000 - - - (435,000.00) 435,000.00 - - 12/16/2019 250847EJ5 INTEREST EARNED ON DETROIT EDISON CO 2.650% 6/15/22 $1 PV ON 180000.0000 SHARES DUE 12/15/2019 0.0000 0.000000 - - - 2,385.00 - - - 12/16/2019 250847EJ5 AMORTIZED PREMIUM ON DETROIT EDISON CO 2.650% 6/15/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (135.40) - - 12/16/2019 12/16/2019 12/16/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 52,596.6800 1.000000 - - - (52,596.68) 52,596.68 - - 12/16/2019 41284WAC4 INTEREST EARNED ON HARLEY DAVIDSON 2.340% 2/15/24 $1 PV ON 1150.5000 SHARES DUE 12/15/2019 $0.00195/PV ON 590,000.00 PV DUE 12/15/19 0.0000 0.000000 - - - 1,150.50 - - - 12/16/2019 43815NAC8 INTEREST EARNED ON HONDA AUTO 1.780% 8/15/23 $1 PV ON 370.8300 SHARES DUE 12/15/2019 $0.00148/PV ON 250,000.00 PV DUE 12/15/19 0.0000 0.000000 - - - 370.83 - - - 12/16/2019 47787XAC1 INTEREST EARNED ON JOHN DEERE OWNER 1.780% 4/15/21 $1 PV ON 82.1400 SHARES DUE 12/15/2019 $0.00148/PV ON 55,373.81 PV DUE 12/15/19 0.0000 0.000000 - - - 82.14 - - - 12/16/2019 12/15/2019 12/16/2019 47787XAC1 PAID DOWN PAR VALUE OF JOHN DEERE OWNER 1.780% 4/15/21 -12,923.3100 32.079411 - - - 12,923.31 (12,921.47) - 1.84 12/16/2019 47789JAD8 INTEREST EARNED ON JOHN DEERE OWNER 2.910% 7/17/23 $1 PV ON 630.5000 SHARES DUE 12/15/2019 $0.00243/PV ON 260,000.00 PV DUE 12/15/19 0.0000 0.000000 - - - 630.50 - - - 12/16/2019 58769TAD7 INTEREST EARNED ON MERCEDES BENZ 1.940% 3/15/24 $1 PV ON 436.5000 SHARES DUE 12/15/2019 $0.00162/PV ON 270,000.00 PV DUE 12/15/19 0.0000 0.000000 - - - 436.50 - - - 12/16/2019 65478BAD3 INTEREST EARNED ON NISSAN AUTO LEASE 3.250% 9/15/21 $1 PV ON 541.6700 SHARES DUE 12/15/2019 $0.00271/PV ON 200,000.00 PV DUE 12/15/19 0.0000 0.000000 - - - 541.67 - - - 12/16/2019 65478NAD7 INTEREST EARNED ON NISSAN AUTO 3.220% 6/15/23 $1 PV ON 1207.5000 SHARES DUE 12/15/2019 $0.00268/PV ON 450,000.00 PV DUE 12/15/19 0.0000 0.000000 - - - 1,207.50 - - - 12/16/2019 65479KAD2 INTEREST EARNED ON NISSAN AUTO 2.900% 10/16/23 $1 PV ON 773.3300 SHARES DUE 12/15/2019 $0.00242/PV ON 320,000.00 PV DUE 12/15/19 0.0000 0.000000 - - - 773.33 - - - 12/16/2019 89238MAD0 INTEREST EARNED ON TOYOTA AUTO 1.730% 2/16/21 $1 PV ON 120.2400 SHARES DUE 12/15/2019 $0.00144/PV ON 83,401.90 PV DUE 12/15/19 0.0000 0.000000 - - - 120.24 - - - 12/16/2019 12/15/2019 12/16/2019 89238MAD0 PAID DOWN PAR VALUE OF TOYOTA AUTO 1.730% 2/16/21 -18,083.6000 22.925312 - - - 18,083.60 (18,081.47) - 2.13 12/16/2019 89238UAD2 INTEREST EARNED ON TOYOTA AUTO 1.910% 9/15/23 $1 PV ON 397.9200 SHARES DUE 12/15/2019 $0.00159/PV ON 250,000.00 PV DUE 12/15/19 0.0000 0.000000 - - - 397.92 - - - 12/16/2019 89239AAD5 INTEREST EARNED ON TOYOTA AUTO 2.910% 7/17/23 $1 PV ON 824.5000 SHARES DUE 12/15/2019 $0.00243/PV ON 340,000.00 PV DUE 12/15/19 0.0000 0.000000 - - - 824.50 - - - 12/16/2019 90290AAC1 INTEREST EARNED ON USAA AUTO OWNER 1.700% 5/17/21 $1 PV ON 43.6000 SHARES DUE 12/15/2019 $0.00142/PV ON 30,776.38 PV DUE 12/15/19 0.0000 0.000000 - - - 43.60 - - - 12/16/2019 12/15/2019 12/16/2019 90290AAC1 PAID DOWN PAR VALUE OF USAA AUTO OWNER 1.700% 5/17/21 -7,875.5400 52.640475 - - - 7,875.54 (7,874.71) - 0.83 12/16/2019 931142EA7 INTEREST EARNED ON WALMART STORES INC 1.900% 12/15/20 $1 PV ON 500000.0000 SHARES DUE 12/15/2019 0.0000 0.000000 - - - 4,750.00 - - - 12/18/2019 12/18/2019 12/18/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 8,089.1500 1.000000 - - - (8,089.15) 8,089.15 - - 12/18/2019 43814PAC4 INTEREST EARNED ON HONDA AUTO 1.790% 9/20/21 $1 PV ON 127.7500 SHARES DUE 12/18/2019 $0.00149/PV ON 85,642.55 PV DUE 12/18/19 0.0000 0.000000 - - - 127.75 - - - 12/18/2019 12/18/2019 12/18/2019 43814PAC4 PAID DOWN PAR VALUE OF HONDA AUTO 1.790% 9/20/21 -7,961.4000 0.000000 - - - 7,961.40 (7,960.54) - 0.86 12/20/2019 05584PAD9 INTEREST EARNED ON BMW VEHICLE LEASE 2.070% 10/20/20 $1 PV ON 74.6100 SHARES DUE 12/20/2019 $0.00172/PV ON 43,250.92 PV DUE 12/20/19 0.0000 0.000000 - - - 74.61 - - - 12/20/2019 12/20/2019 12/20/2019 05584PAD9 PAID DOWN PAR VALUE OF BMW VEHICLE LEASE 2.070% 10/20/20 -11,886.0300 0.000000 - - - 11,886.03 (11,886.02) - 0.01 12/20/2019 12/20/2019 12/20/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 11,960.6400 1.000000 - - - (11,960.64) 11,960.64 - - 12/23/2019 TRUST FEES COLLECTED CHARGED FOR PERIOD 11/01/2019 THRU 11/30/2019 COLLECTED BY DISBURSEMENT 0.0000 0.000000 - - - (558.78) - - - 12/23/2019 12/23/2019 12/23/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,472.4700 1.000000 - - - (1,472.47) 1,472.47 - - 66 Page 41 of 42 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended December 31, 2019 12/23/2019 931142EJ8 INTEREST EARNED ON WALMART INC 3.125% 6/23/21 $1 PV ON 130000.0000 SHARES DUE 12/23/2019 0.0000 0.000000 - - - 2,031.25 - - - 12/26/2019 05588CAC6 INTEREST EARNED ON BMW VEHICLE OWNER 1.920% 1/25/24 $1 PV ON 528.0000 SHARES DUE 12/25/2019 $0.00160/PV ON 330,000.00 PV DUE 12/25/19 0.0000 0.000000 - - - 528.00 - - - 12/26/2019 3136B1XP4 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 435.3900 SHARES DUE 12/25/2019 $0.00297/PV ON 146,760.10 PV DUE 12/25/19 0.0000 0.000000 - - - 435.39 - - - 12/26/2019 3136B1XP4 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.560% 9/25/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (70.40) - - 12/26/2019 12/25/2019 12/26/2019 3136B1XP4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.560% 9/25/21 -4,892.3600 0.000000 - - - 4,892.36 (4,942.43) - (50.07) 12/26/2019 3136B1XP4 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 146760.1000 SHARES DUE 12/25/2019 PENALTY PAYMENT 0.0000 0.000000 - - - 6.50 - - - 12/26/2019 3137ATRW4 INTEREST EARNED ON F H L M C MULTICLASS 2.373% 5/25/22 $1 PV ON 375.7300 SHARES DUE 12/25/2019 $0.00198/PV ON 190,000.00 PV DUE 12/25/19 0.0000 0.000000 - - - 375.73 - - - 12/26/2019 3137ATRW4 AMORTIZED PREMIUM ON F H L M C MULTICLASS 2.373% 5/25/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (30.48) - - 12/26/2019 3137B1U75 INTEREST EARNED ON F H L M C MLTCL MTG 2.522% 1/25/23 $1 PV ON 326.4500 SHARES DUE 12/25/2019 $0.00210/PV ON 155,328.92 PV DUE 12/25/19 0.0000 0.000000 - - - 326.45 - - - 12/26/2019 3137B1U75 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.522% 1/25/23 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (17.68) - - 12/26/2019 12/25/2019 12/26/2019 3137B1U75 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.522% 1/25/23 -441.7800 0.000000 - - - 441.78 (443.67) (1.89) - 12/26/2019 3137B36J2 INTEREST EARNED ON F H L M C MLTCL MTG 3.320% 2/25/23 $1 PV ON 480000.0000 SHARES DUE 12/25/2019 0.0000 0.000000 - - - 1,328.00 - - - 12/26/2019 3137B36J2 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 3.320% 2/25/23 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (506.70) - - 12/26/2019 3137BQR90 INTEREST EARNED ON F H L M C MLTCL MTG 2.272% 1/25/23 $1 PV ON 473.3300 SHARES DUE 12/25/2019 $0.00189/PV ON 250,000.00 PV DUE 12/25/19 0.0000 0.000000 - - - 473.33 - - - 12/26/2019 3137BQR90 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.272% 1/25/23 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (19.33) - - 12/26/2019 3137FJYA1 INTEREST EARNED ON F H L M C MLTCL 3.454% 5/25/23 $1 PV ON 612.9100 SHARES DUE 12/25/2019 $0.00288/PV ON 212,939.27 PV DUE 12/25/19 0.0000 0.000000 - - - 612.91 - - - 12/26/2019 12/25/2019 12/26/2019 3137FJYA1 PAID DOWN PAR VALUE OF F H L M C MLTCL 3.454% 5/25/23 -860.1600 1,363.980852 - - - 860.16 (860.14) - 0.02 12/26/2019 12/26/2019 12/26/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 4,424.8600 1.000000 - - - (4,424.86) 4,424.86 - - 12/26/2019 12/26/2019 12/26/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 5,855.7500 1.000000 - - - (5,855.75) 5,855.75 - - 12/30/2019 3134GBTL6 ACCREDITED DISCOUNT ON F H L M C M T N 2.100% 6/29/22 CURRENT YEAR MARKET DISCOUNT 0.0000 0.000000 - - - - 15,280.00 - - 12/30/2019 12/29/2019 12/29/2019 3134GBTL6 FULL CALL PAR VALUE OF F H L M C M T N 2.100% 6/29/22 /CALLS/-500,000.0000 1.000000 - - - 500,000.00 (500,000.00) - - 12/30/2019 3134GBTL6 INTEREST EARNED ON F H L M C M T N 2.100% 6/29/22 $1 PV ON 500000.0000 SHARES DUE 12/29/2019 0.0000 0.000000 - - - 5,250.00 - - - 12/30/2019 12/30/2019 12/30/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 505,250.0000 1.000000 - - - (505,250.00) 505,250.00 - - 12/31/2019 053015AD5 AMORTIZED PREMIUM ON AUTOMATIC DATA 2.250% 9/15/20 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (621.19) - - 12/31/2019 06406FAA1 AMORTIZED PREMIUM ON BANK OF NY MTN 2.500% 4/15/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (628.03) - - 12/31/2019 13063BFS6 AMORTIZED PREMIUM ON CALIFORNIA ST BUILD 6.650% 3/01/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (5,354.10) - - 12/31/2019 13063DGA0 AMORTIZED PREMIUM ON CALIFORNIA ST 2.800% 4/01/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (8.42) - - 12/31/2019 13066YTZ2 AMORTIZED PREMIUM ON CALIFORNIA ST DEPT 2.000% 5/01/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (83.18) - - 12/31/2019 144141DC9 AMORTIZED PREMIUM ON PROG ENERGY CAROLINA 2.800% 5/15/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (189.99) - - 12/31/2019 166764AU4 AMORTIZED PREMIUM ON CHEVRON CORP 2.66763% 3/03/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (101.12) - - 12/31/2019 17325FAQ1 AMORTIZED PREMIUM ON CITIBANK NA 3.400% 7/23/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (1,055.93) - - 12/31/2019 17325FAY4 AMORTIZED PREMIUM ON CITIBANK NA 2.844% 5/20/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (114.09) - - 12/31/2019 20772JKP6 AMORTIZED PREMIUM ON CONNECTICUT ST 2.401% 10/15/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (21.25) - - 12/31/2019 20772KGM5 AMORTIZED PREMIUM ON CONNECTICUT ST SER A 2.921% 4/15/23 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (91.98) - - 12/31/2019 210518CT1 AMORTIZED PREMIUM ON CONSUMERS ENERGY CO 2.850% 5/15/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (296.56) - - 67 Page 42 of 42 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended December 31, 2019 12/31/2019 250847EJ5 AMORTIZED PREMIUM ON DETROIT EDISON CO 2.650% 6/15/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (45.22) - - 12/31/2019 3136B1XP4 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.560% 9/25/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (15.88) - - 12/31/2019 3137ATRW4 AMORTIZED PREMIUM ON F H L M C MULTICLASS 2.373% 5/25/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (7.11) - - 12/31/2019 3137B1U75 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.522% 1/25/23 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (4.11) - - 12/31/2019 3137B36J2 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 3.320% 2/25/23 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (118.22) - - 12/31/2019 3137BQR90 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.272% 1/25/23 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (4.51) - - 12/31/2019 45750TAG8 AMORTIZED PREMIUM ON INLAND VLY CA DEV 3.627% 3/01/20 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (522.63) - - 12/31/2019 693304AP2 AMORTIZED PREMIUM ON PECO ENERGY CO 2.375% 9/15/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (78.80) - - 12/31/2019 857477AS2 AMORTIZED PREMIUM ON STATE STREET CORP 2.550% 8/18/20 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (1,153.28) - - 12/31/2019 882723UC1 AMORTIZED PREMIUM ON TEXAS ST REF WTR 2.036% 8/01/20 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (242.83) - - 12/31/2019 91159HHQ6 AMORTIZED PREMIUM ON US BANCORP MTN 2.576% 1/24/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (112.99) - - 12/31/2019 9128284W7 AMORTIZED PREMIUM ON U S TREASURY NT 2.750% 8/15/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (61.10) - - 12/31/2019 9128285L0 AMORTIZED PREMIUM ON U S TREASURY NT 2.875% 11/15/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (74.61) - - 12/31/2019 9128287C8 AMORTIZED PREMIUM ON U S TREASURY NT 1.750% 7/15/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (15.77) - - 12/31/2019 9128287F1 AMORTIZED PREMIUM ON U S TREASURY NT 1.750% 7/31/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (187.57) - - 12/31/2019 912828F96 AMORTIZED PREMIUM ON U S TREASURY NT 2.000% 10/31/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (997.03) - - 12/31/2019 912828TY6 AMORTIZED PREMIUM ON U S TREASURY NT 1.625% 11/15/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (32.57) - - 12/31/2019 912828YA2 AMORTIZED PREMIUM ON U S TREASURY NT 1.500% 8/15/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (228.85) - - 12/31/2019 91412HDJ9 AMORTIZED PREMIUM ON UNIV OF CA 3.283% 5/15/22 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (43.19) - - Total - - - 0.00 257,523.00 2,684.15 (17,891.69) 68 1 Short & Intermediate Duration Fixed Income 4Q 2019 Themes, Outlook & Strategy MetLife Investment Management One MetLife Way Whippany, NJ 07981 metlife.com/investmentmanagement •GDP - GDP slows to 2% long -term trend growth supported by the consumer and an increase in government spending. Production halt of 737 Max by Boeing will be a significant Q1 growth headwind. Measures of U.S. recession probability have declined as the yield curve steepened and U.S. service sector indicators remain above 50, indicating continued expansion. Signing of phase-one trade agreement coupled with the USMCA should reduce uncertainty and benefit manufacturing and business investment.  If tendency to adopt protectionist or retaliatory trade policies resumes, global growth expectations will be reduced. •Business - Global manufacturing indicators have likely bottomed with gains in China and U.S. driving the World PMI back above 50. The continued strength of the U.S. consumer has sustained revenue growth for U.S.-centric companies while a brightening picture surrounding trade policy and tariffs should boost firms with more international operating profiles. The positively sloped yield curve and consumer balance sheet strength bode well for domestic banks. Corporate leverage metrics remain stretched but manageable with many issuers carrying heavy debt loads, offset by robust operating cash flow and friendly financing markets. Downward earnings guidance, capital expenditure levels and developing margin pressures from higher wages remain a concern.  •Consumer - The U.S. economy continues to depend heavily on the consumer whose spending will remain key to supporting economic growth. Consumer confidence remains elevated driven by steady wage gains, record equity prices and housing market strength.  “Present Situation” component will exceed “Expectations” as the election landscape develops, with the resulting uncertainty weighing on confidence. The household financial obligation ratio (household debt service and financial obligations as percentage of personal income) remains low. Domestic banks continue to readily extend consumer credit and maintain relatively loose lending standards.  •Employment - Continued strength of the U.S. labor market extends the business cycle well into 2020.  The unemployment rate remains near a 50-year low and the prime-age employment to population ratio is at a decade high.  Average hourly earnings and the Employment Cost Index indicate evidence of growth in real wages as Production and Nonsupervisory workers, who make up 80% of labor force, see AHE increases of close to 4%.  JOLTS job openings continue to exceed the number of job seekers while finding qualified workers remains challenging ATTACHMENT 17 69 Views expressed were current as of December 31, 2019, are subject to change, and may not reflect the manager’s current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of December 31, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 2 • Central Banks / International - Central Banks remain accommodative in an effort to support their economies and ignite inflation. Less uncertainty impacts global interest rate term premiums and asset flows with tariff de-escalation a dollar negative. The Conservative Party’s victory solidifies the U.K. withdrawal from the EU and signs of global protectionism continue to grow. U.S. trade focus shifts to Europe, e.g. autos, tax on digital trade and WTO- sanctioned Airbus & Boeing tariffs. China continues to work to rein in debt growth and shadow banking activities via supply side stimulus to offset any slowdown as its economy remains highly levered and vulnerable to increasing private defaults and unemployment. • Residential / Commercial Real Estate - Historically low mortgage rates, tight existing home supply and a strong labor market will continue to support housing. More affordable homes outperform with home price appreciation led by strength in the South and West. Aggregate mortgage prepayments will abate as higher rates push borrowers out of the refinancing window.  With home equity growing, “cash-out” refinancing remains a large portion of mortgage transactions.  Rental vacancy rates remain low, fueling strength in multi -family properties while the healthy economy supports industrial and office property valuations. Retail properties struggle with shifting consumer buying trends, but the lack of new retail construction mitigates large price declines.  The Trump Administration continues to push for the release of the GSEs from conservatorship, although election year politics make meaningful GSE reform challenging. • U.S. Monetary & Fiscal Policy - The Federal Reserve is on hold throughout 2020 with a high bar for rate hikes unless a “persistent, significant” rise in inflation develops. Fed’s December meeting included language focused on “global developments”, a notable shift. In aggregate, the four new Fed voting members lean more dovish. The Fed's aggressive efforts to stabilize short-term money markets met with early success but the pace will inevitably slow down which may increase volatility. New fiscal spending bill will see Outlays continue to exceed Revenues but a significant rise in infrastructure spending is unlikely in an election year. Congress suspends debt ceiling limit until July 2021. • Inflation - While the Fed’s preferred inflation indicators have yet to show a pointed upturn toward its 2% objective, market-based measures such as TIPS breakeven rates have increased. Recent signs of inflation were centered in the Core Goods sector, however, for inflation to move above 2%, Core Services prices, a larger component of the overall indicator, will need to rise. The Fed’s tolerance for higher inflation will steepen the yield curve as the market’s focus shifts to “realized” not “forecast” inflation. The Federal Reserve, Bank of Japan and the European Central Bank have changed their playbooks to allow inflation to run above target.  Treasury/Rates/Curve Treasury yields were mixed during the quarter with front-end yields moving lower and intermediate and long-term yields higher. The decline in Treasury yields two years and in was largely driven by the Fed’s 25 basis point cut at the October meeting along with market expectations for the Fed to remain on hold in the near term. During the December FOMC press conference, Chairman Powell reaffirmed that he would need to see “a significant move up in inflation that is also persistent before raising rates to address inflation concerns.” The front end was further supported by the Fed’s announcement in mid-October of their intent to purchase $60 billion of Treasury bills monthly until the second quarter of 2020. The announcement came sooner than most market participants expected and highlighted that the Fed was looking to swiftly address the reserve scarcity issue that caused overnight repo rates to skyrocket at the end of the third quarter. Intermediate and long -term nominal Treasury yields moved higher, as did inflation expectations. As measured by a 10-year Treasury Inflation Protected (TIP) security, market inflation expectations increased from 152 basis points at the start of the quarter to 179 basis points at year -end. Volatility in general was much lower in the fourth quarter as the 10-year nominal Treasury spent much of the quarter in a 25-basis point trading range between 1.70% and 1.95%. US – China trade headlines were a major driver of price action in Treasuries for much of the quarter. After trading as low as 1.50% early on, the 10-year Treasury started to move higher in yield after the initial talk in October of a “Phase 1” trade deal. The 10-year Treasury ended the quarter near the high end of the yield range after a “Phase 1” deal was agreed to in mid-December. China agreed to boost imports, particularly of agricultural products, and made a commitment to “strengthen intellectual property protection.” 70 Views expressed were current as of December 31, 2019, are subject to change, and may not reflect the manager’s current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of December 31, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 3 The U.S. agreed to cancel the tariff increase scheduled for December 15 and lowered the tariffs imposed on $120B in imports in September to 7.5%. Treasury note yields were mixed, with the two-year Treasury yield finishing at 1.57% (-5 basis points), the five-year Treasury yield 1.69% (+15 basis points) and the 10-year Treasury yield at 1.92% (+25 basis points). The five-year less two-year Treasury interest rate differential ended the quarter at +12 basis points, 20 basis points steeper from the end of the third quarter. The longer dated ten-year less two-year differential moved 20 basis points steeper to +35 basis points. In the very front end, the three-month Treasury bill yield declined 27 basis points to 1.54% while 3-month Libor contracted 18 basis points to 1.91%. With the Fed on the sidelines as far as the policy rate is concerned, we expect rates to rise modestly and the curve to continue to steepen as trade headwinds abate and the economy continues its record expansion. With the move higher in rates we further reduced our duration gap vis-à-vis the benchmarks, although we maintain a short bias given our aforementioned thoug hts on the yield curve. In narrowing the gap, we added to our treasury exposure out the curve (2-year bucket) by selling out of short tenor and floating rate holdings in the spread sectors. On the inflation front, while Core PCE continues to undershoot the Fed’s 2% target, it has become an outlier as far as inflationary indicators are concerned, although we do expect inflation to remain subdued for the foreseeable future. With the significant move higher in TIPS breakevens, we liquidated a portion of our position in the portfolios. Should the rise in breakevens continue, we would likely reduce that positioning further. Performance Attribution: Negative Our slight duration underweight and curve posture detracted from performance in the fourth quarter but was partially offset by our allocation to Treasury Inflation-Protected Securities (TIPS) as break-evens spiked off their lows. Investment Grade Credit In contrast to the shaky market environment experienced in fourth-quarter 2018, this year’s fourth quarter saw credit spreads move significantly tighter, capping a very strong year for investment grade credit in terms of absolute and relative returns. Risk sentiment improved throughout the quarter on the announced trade agreement with China. We also saw U.K. Prime Minister Johnson turn the tide in forging a Brexit agreement acceptable to Parliament and his Conservative Party win an unexpectedly large majority in the House of Commons. Thus, some of the trade-related and Brexit uncertainty that had hung over markets and whipsawed investors over much of the year, went from being headwinds to tailwinds enabling equity and credit markets to rally into year -end. Investment grade credit also benefited from a better than expected third-quarter earnings season, continued strong technicals and another quarter - point Fed rate cut diminishing U.S. recession fears. The unwinding of 2018’s rate hikes provided insurance against the economy slowing while simultaneously reducing the possibility of any spillover effects from economically struggling regions like Europe and Japan. We also believe the Federal Reserve’s rapid balance sheet expansion over the past four months has supported markets and improved liquidity conditions as well. An upturn in data signaled that the slowing pace of global economic growth may have bottomed and is in the process of trending higher with improving global PMIs raising our confidence that the current expansion will extend through 2020. U.S. corporate revenue and earnings growth continue to be supported by the healthy U.S. consumer, who is enjoying the benefits of an historically strong labor market and growing real wages and income. More U.S.-centric companies in terms of revenue and earnings growth, therefore, saw significantly better results last year compared to their more internationally-focused peers and support our current preference for domestic issuers, although sustained U.S. dollar weakness could benefit multinationals in 2020. Our main longer -term concern about credit fundamentals lies in the magnitude of leverage that has been built up post the GFC, of particular concern across Industrials at this advanced stage of the credit cycl e. In the short run we are less worried because the increase in debt and stretched credit metrics are somewhat mitigated by robust operating cash flow (boosted by the reduction in the statutory corporate tax rate) and accommodative 71 Views expressed were current as of December 31, 2019, are subject to change, and may not reflect the manager’s current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of December 31, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 4 financial conditions enabling issuers to readily service debt and term out maturities at nearly record-low all-in yields. Given the decline in front-end interest rates and rise in Treasury yields three-year maturities and longer in the fourth quarter, excess and total returns for the BAML 1-5 Year U.S. Corporate Index were 0.62% and 0.98%, respectively, as the index’s option-adjusted spread (OAS) tightened 12 basis points to 61 basis points. At a subsector level within front-end Credit, all subsectors generated positive excess returns over the quarter. The top-performing subsectors were Finance Companies (small index weight), REITs and Basic Industry. Lagging subsectors included Other Industrials, Electric Utilities and Transportation. The third-quarter earnings season finished with marginally positive EPS growth for the S&P 500 Index companies (+2.1%), mainly driven by strength in Real Estate, Financials and Healthcare, offset in part by weakness across the Communications Services, Materials, Energy, Industrials and Utilities subsectors. There were a handful of notable Industrial bellwether issuers such as 3M and FedEx that reduced forward earnings and revenue guidance, a trend that warrants attention. We are also on the watch for building pressure on operating margins in addition to capital expenditure levels, which we expect to rebound as trade-related uncertainty ebbs. Nonetheless, we maintain our long-held overweight in Banking based on the robust capital levels held by U.S. Money Center and large regional banks coupled with their solid profitability and potential to benefit from a steeper yield curve. Away from Financials, we prefer more U.S.-centric companies as noted above while historically tight spreads justify our defensive positioning in investment grade credit. While we see no signs of recession on the horizon and foresee continued moderate U.S. economic growth, we will remain patient in waiting for better valuations before increasing our risk profile in credit. Our defensive posture finds us continuing to hold issuers with more stable operating profiles in the Communications, Consumer Non-Cyclical, Energy/Midstream Pipelines and Utility sub-sectors. In the fourth quarter we reduced our Credit weightings as well as sector duration contributions across strategies. The lion’s share of our trading activity was geared toward selling floating-rate and short-dated maturity fixed-rate bonds to fund purchases in other sectors. The new issue calendar proved somewhat of a disappointment with modest issuance skewed toward longer maturities given the attractiveness of historically low all-in yields. Our noteworthy new issue purchases included Citigroup fixed and floating-rate 2022’s and AbbVie fixed and floating-rate 2021’s and fixed-rate 2024’s and 2029’s in some of our longer-dated portfolios. In the High Yield space, trade headlines and chatter over weakness seen in the CCC space over 2019 drove discussion and market moves over much of the quarter before December’s strong rally saw spreads gap tighter, erasing all the widening that had occurred over the quarter’s first two months. The ICE BAML 1-5 Year U.S. Cash Pay High Yield Index saw its OAS decline 19 basis points to 397 from 426 over the quarter. In our accounts that allow High Yield, we remain very selective in evaluating opportunities, primarily limiting our focus to shorter tenor issues in the BB space. Performance Attribution: Positive Our positioning in investment grade credit contributed positively to fourth-quarter portfolio performance across our strategies as credit spreads moved steadily lower over the quarter. While the spread tightening was broad-based, our positioning in the Energy, Pharmaceuticals, Technology and Electric Utility subsectors and overweights to Banking and Health Care (including hospital issues traded in the Municipals market but categorized as investment grade corporates) were notable positive contributors to portfolio excess return. 72 Views expressed were current as of December 31, 2019, are subject to change, and may not reflect the manager’s current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of December 31, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 5 Agencies Government-sponsored enterprise (GSE) debt spreads were tighter by 1 to 2 basis points over the fourth quarter while U.S. dollar-denominated Supranational, Sovereign and Agency (SSA) fixed-maturity securities’ spreads were unchanged to one basis point wider relative to comparable Treasuries. In addition, spreads on debt of Canadian provinces such as Ontario and Quebec were 1 to 3 basis points tighter for the quarter. Fannie Mae (FNMA) and Freddie Mac (FHLMC) released third-quarter 2019 earnings, as both GSEs continued to report strong results quarter-over-quarter. Net income for FNMA rose to $4.0 billion from $3.4 billion in the second quarter while net income reported by FHLMC rose to $1.8 billion from $1.5 billion. FNMA reported a net worth of $10.3 billion as of September 30 while FHLMC recorded $6.7 billion. This is the first quarter that the two GSEs were able to retain their earnings as the Treasury and the Federal Housing Finance Agency (FHFA) agreed to increase the amount of capital they can retain from $3 billion to $20 billion for FHLMC and $25 billion for FNMA, suspending the net worth sweep until these levels are reached. This is an important first step towards their exiting conservatorship. FHFA Director Mark Calabria is committed to winding down conservatorship of the two GSEs and is exploring different avenues for building capital outside of retained earnings as he noted it would probably take a decade to collect the necessary capital to exit conservatorship through profit alone. FHFA stated they will work with the Treasury to limit the government's role in housing finance, increase marketplace competition and focus on affordable housing and sustainable homeownership. At current valuations, we remain underweight the Agency sector overall. During the quarter we maintained our allocations to the sector. In terms of our outlook, with bullet agency valuations near historic tights and spreads trading in the single digits over Treasuries, we see Agency spreads trading within a tight range in 2020. We expect to see SSA spreads continue to grind tighter as the spread pickup of major AAA-rated SSA issuers like European Investment Bank (EIB), Kreditanstalt Fuer Wiederaufbau (KFW), and International Bank for Reconstruction and Development (IBRD) vs. GSEs is also expected to compress. Wider spreads can still be found in Canadian provincials and some lower rated issuers although, considering lower rates, hunting for yield in the Agency space without moving down the credit spectrum will prove to be challenging. Seasonal factors may provide some relief and opportunities in the first half of 2020 as the nature of supply technicals in the SSA market tend to see a frontloading of issuance, causing spreads to modestly widen. We will opportuni stically look to add to the Agency sector and expect to use major SSA issuers to target specific duration buckets across the yield curve. Performance Attribution: Positive Our allocations to the various Agency subsectors and security selection generated positive performance over the quarter across our strategies as we saw spreads in the Agency subsectors marginally tighten. ABS Spreads on short-tenor asset-backed securities moved tighter over the course of the fourth quarter as a strong jobs market and healthy consumer balance sheets supported collateral performance. Spreads on two-year AAA-rated credit card, prime auto and subprime auto tranches moved 5 basis points, 4 basis points, and 5 basis points tighter, respectively. Floating -rate Federal Family Education Loan Program (FFELP) student loan tranches continued to struggle with three-year FFELP tranches moving another 5 basis points wider quarter-over-quarter. As we noted in last quarter’s commentary, uncertainty around the future of Libor and associated index transition issues have given rise to investor concerns about potential tail risk in seasoned FFELP tranches. For the year, three-year FFELP tranches are 7 basis points wider, while two-year credit card, prime auto and subprime auto tranches are 10 basis points, 10 basis points and 17 basis points tighter, respectively. Over $53 billion of new issue ABS deals came to market during the quarter and total issuance for the year ended at 73 Views expressed were current as of December 31, 2019, are subject to change, and may not reflect the manager’s current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of December 31, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 6 $228 billion, just shy of last year’s post-crisis record level of $229 billion. As usual, the auto sector was the dominant force with over $24 billion of new deals pricing during the fourth quarter. That brought total new auto ABS deals (including dealer floorplan ABS) in 2019 to $120 billion, roughly 53% of total 2019 ABS issuance. Similar to the fourth quarter last year, the catch-all “miscellaneous” subsector was the second-largest contributor in the quarter with almost $12 billion of new securitizations of various collateral types like aircraft leases, franchise loans, insurance premium payments, mortgage servicing receivables, timeshare receivables and whole-business deals. Equipment securitizations were the third largest contributor with $6 billion of new deals coming to market, well ahead of the $2 billion seen in the fourth quarter of 2018. For the year, only 9% of new issuance came to market as floating-rate securities, reflecting a second consecutive year of declining floating-rate issuance compared to the 15% seen in 2018 and the almost 20% seen in 2017. In our view, the decline in floating-rate issuance likely reflects issuer preference to lock in historically low interest rates combined with uncertainty related to future transition away from Libor as a benchmark index. Credit card ABS performance trends remain firm with charge-offs and delinquencies hovering near historical lows, while monthly payment rates, portfolio yields, and excess spread all remain near record highs. Charge-offs and 60+- day delinquencies on the Wells Fargo Credit Card Index ended the year at 2.22% and 1.10%, respectively, an increase of only 5 basis points on the year for each metric. Commenting on the numbers, Wells stated that some deterioration should be expected in the near term due to normal seasonal weakness as borrowers use their cards for year-end holiday shopping and carry larger balances into the New Year. However, despite larger consumer account balances, outstanding trust receivables continue to decline and now stand at $162.2 billion, a drop of $15.3 billion over the year as new deal issuance failed to keep pace with existing bond maturities. In fact, Wells noted that Bank of America was the only large U.S. money-center bank to issue a new deal in 2019. In our view, this dynamic should persist for the foreseeable future with U.S. commercial banks likely to remain absent from the ABS market due to the availability of more favorable alternative funding sources. The divergent trend between prime and subprime auto performance showed signs of stabilization in the fourth quarter with both sectors posting roughly flat year -over-year metrics. The Fi tch auto ABS indices showed prime annualized net losses at 0.61% in November (up 3 basis points year-over-year) and 60+-day delinquencies at 0.27% (down 3 basis points year-over-year). Subprime annualized net losses and 60+-day delinquencies both improved 5 basis points year-over-year to 9.69% and 5.43%, respectively. We believe the improvement in subprime reflects the better underwriting standards we have seen in more recent vintages and the continued strength of the used car market. New vehicle sales printed at a 16.7 million seasonally-adjusted annual rate (SAAR) in December, a 4.6% decline compared to last year’s 17.5 million SAAR pace but roughly in the middle of the range seen throughout the year (16.4 million – 17.5 million). Used car prices fell 1.0% in November with the Manheim Used Vehicle Index printing at 138.9, a 0.1% decline compared to last year’s November level and the second consecutive November year -over -year decline. Despite the recent weakness, the Manheim gauge is still only modestly below August’s all-time high of 141.3. The Federal Reserve’s latest senior loan officer survey, released in November, showed banks reporting tightening standards on credit card loans and increased demand for most categories of consumer credit. The survey also contained a set of special questions asking banks to compare the current likelihood of approving credit card and auto loan applications by borrower FICO score in comparison with the beginning of the year. Banks reported they were less likely to approve such loans for borrowers with FICO scores of 620 in comparison with the beginning of the year, while they were about as likely to approve loans for borrowers with FICO scores of 720. Banks’ reduced willingness to approve new loans was driven by increased concerns regarding new borrowers’ ability to consistently make payments, a less favorable economic outlook, and a reduced tolerance for risk. We generally maintained our ABS exposure over the course of the fourth quarter and were active in both the prim ary and secondary markets. In the new issue market, we participated in auto deals from CarMax, Credit Acceptance, DriveTime, Tesla and Westlake. We also participated in a fixed-rate private student loan transaction from Navient and the inaugural transportation equipment deal from BMO, which reflected the return to the market of the old GE transportation equipment financing business. 74 Views expressed were current as of December 31, 2019, are subject to change, and may not reflect the manager’s current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of December 31, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 7 As we enter 2020, we believe that ABS performance should remain firm as low rates and the healthy labor market support consumer credit metrics. Accordingly, we anticipate maintaining our current exposure to high-quality securities with a bias towards fixed-rate purchases in more liquid sectors like credit cards and prime autos. While we believe our portfolio of very short-tenor FFELP student loan securitizations are unlikely to suffer material impact from Libor replacement issues, we are unlikely to increase our exposure to floating-rate FFELP student loan tranches. Instead, we favor fixed-rate private student loan transactions structured from refinanced loans to employed, high-FICO prime borrowers similar to the Navient deal we purchased in the fourth quarter. Performance Attribution: Positive In line with tighter benchmark spreads, our asset backed positions generated positive excess returns over the fourth quarter. Our fixed rate holdings were generally the best performers with both our fixed-rate credit card and auto positions posting positive returns. Our floating -rate positions were generally flat or modestly positive although a few floating-rate dealer floorplan and FFELP student loan positions were slight drags on performance. CMBS Short tenor commercial mortgage-backed securities’ spreads widened over the course of the fourth quarter. Compared to like-duration Treasuries, three-year and five-year AAA-rated conduit tranches ended the quarter at spreads of 45 and 66 basis points respectively, both 6 basis points wider. Agency CMBS were also weaker with three- year and five-year Freddie Mac K-bond tranches ending the quarter at spreads of 40 basis points and 57 basis points, 6 and 8 basis points wider, respectively. Despite the quarterly weakness, short tenor CMBS spreads are generally tighter compared to the start of the year with three and five-year conduit tranches 18 basis points and 11 basis points tighter year-over-year and five-year K-bond tranches 4 tighter. Fourth-quarter issuance was the heaviest of the year with over $45 billion of private label and over $42 billion of agency CMBS coming to market. For the year, over $117 billion of non-agency and $156 billion of agency deals priced, a dramatic increase of over 29% for non-agencies and roughly flat for agencies, compared to 2018’s volumes. Growth in non-agencies was driven by the single-issuer, single-borrower (SASB) subsector. 2019 SASB new issuance amounted to almost $47 billion, compared to $35 billion in 2018 and included the largest post-crisis CMBS issue, a $5.6 billion floating-rate deal from Blackstone collateralized by 406 industrial properties. CMBS delinquencies continued their downward migration during the quarter. The Trepp 30+-day delinquency rate ended the year at 2.34%, flat compared to November’s reading but 13 basis points lower for the quarter. Notably, the unchanged month-over-month December print ended a five-month stretch of sequentially lower delinquencies. For the year, delinquencies fell 77 basis points and have trended downward since June 2017 and have fallen in 25 of the past 30 months. Delinquencies began the decade at 5.87% in December 2009 and the all-time high on the delinquency rate was 10.34% seen in July 2012. For the year, office delinquencies fell 147 basis points, industrial delinquencies fell 94 basis points, retail delinquencies fell 79 basis points, and both lodging and multifamily delinquencies inched up 2 basis points. For post-crisis vintages (CMBS 2.0+), the 30+-day delinquency ended the year at 0.97%, up 10 basis points over the quarter and 35 basis points for the year. Commercial property prices continued to rise in the fourth quarter. The most recent release of the RCA CPPI National All Property Composite Index showed the index reaching a record high of 142.3 through November, a 1% increase for the month and an 8.7% increase year-over-year. The gains were driven by strength in secondary and tertiary markets as prices rose 8.8% year-over-year in the Non-Major Metro areas compared to a 7.4% year-over-year gain in the six Major Metros (Boston, Chicago, Los Angeles, New York, San Francisco and Washington DC). Bolstered by the healthy economy, industrial properties showed the greatest gains, with prices rising 1.2% for the month and 13.6% year-over-year, their fastest pace seen on the year. Office properties regained momentum with RCA showing the sector up 1.0% in November and 5.7% year-over-year. Apartment properties posted their largest gain of the year with prices rising 9.3% year-over-year in November, below the double-digit gains seen throughout 2018 but continuing a 75 Views expressed were current as of December 31, 2019, are subject to change, and may not reflect the manager’s current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of December 31, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 8 trend of solid increases. RCA noted that retail properties were the biggest surprise in November, with prices rising 3.4% year-over-year, a high level of growth compared to the 2.0% range typically seen for that subsector over the last two years. Despite this healthy recent pace, retail properties remain the weakest performing subsector. Going forward, we believe that low vacancy rates and relatively high home prices will support continued strength for the apartment subsector. Likewise, a strong economy and low unemployment rate should bode well for both industrial and office properties. However, similar to past commentaries, we maintain our bias against retail properties due to the challenges of e-commerce and shifting consumer buying trends. We anticipate continued bifurcated performance, with higher-end retail properties outperforming lower quality properties. The Federal Reserve’s latest senior loan officer survey showed that banks tightened lending standards on commercial real estate loans while demand for those loans remained relatively unchanged throughout the third quarter of 2019. A minority of 18.9% of respondents said they tightened standards somewhat on construction and land development loans, while 13.3% said they tightened somewhat on loans secured by nonfarm nonresidential properties. Twelve percent said they tightened somewhat—and 1.3% said they tightened considerably—credit standards for loans secured by multifamily residential properties. Our CMBS allocation decreased moderately over the course of the quarter due to a combination of paydowns on existing portfolio holdings and the opportunistic sale of some of our floating-rate positions to fund duration extension trades in other sectors. In notable trading activity, we participated in the new issue floating -rate SASB deal from Blackstone mentioned above. In that deal we purchased the AA-rated tranche at a spread of 108 basis points over one-month Libor. We remain very selective in our SASB purchases and this deal reflects the type of higher quality transaction, both in structure and collateral, that we prefer. Going forward, we anticipate maintaining our CMBS exposure across most portfolios. We prefer agency CMBS over non-agencies in order to maintain a more defensive posture and enhance portfolio liquidity. We will be opportunistic in floating-rate SASB deals. In our view these securitizations provide attractive opportunities to gain exposure to high- quality assets, provided that deal structures remain conservative and limit the number of extension options available to borrowers. Performance Attribution: Positive After adjusting for their duration and yield curve exposure, our CMBS positions added to performance over the fourth quarter. Our short tenor Freddie Mac “K-bond” tranches were generally the best performers. Our fixed-rate conduit tranches also performed well while our floating rate SASB positions were mostly flat or modestly positive with our AA- rated subordinate holdings outperforming our AAA-rated positions due to their greater coupon income. RMBS Generic agency residential mortgage-backed spreads tightened relative to comparable Treasuries in the fourth quarter despite elevated prepayments. At the end of the quarter, bonds backed by 15-year mortgages were 6 basis points tighter to five-year Treasuries at a spread of 60 basis points and bonds backed by 30-year collateral were 12 basis points tighter, ending the quarter at a spread of 76 basis points over Treasuries. For the year, 15-year mortgage spreads have moved 10 basis points wider relative to five-year Treasuries and 30-year spreads have moved 1 basis point tighter relative to ten-year Treasuries. We attribute the better relative performance of 30-year collateral over the quarter to investors’ desire to maintain portfolio durations in the face of heightened prepayments. Short-tenor non- agency spreads were also tighter with prime jumbo front cash flows ending at a spread of 126 basis points over Treasuries, 26 basis points tighter for the quarter and 19 basis points tighter for the year. Home prices continued to rise during the period. December’s release of the S&P CoreLogic Case-Shiller 20-City Home Price Index showed that home price gains in the twenty cities tracked by the index rose for the third consecutive month. With low mortgage rates and a healthy economy supporting home purchases, price growth rebounded in the 76 Views expressed were current as of December 31, 2019, are subject to change, and may not reflect the manager’s current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of December 31, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 9 fourth quarter from the decelerating trend seen since mid-2018. Year-over-year, the index was up 2.23% through October. With the exception of San Francisco, all 20 cities in the index showed year -over-year price gains, led by a 5.8% increase in Phoenix, 4.9% increase in Tampa and 4.8% increase in Charlotte. San Francisco posted a year- over-year loss of 0.4%. However, we note that prices in that city rose 7.9% in 2018, second only to Las Vegas, which had a 12.8% gain that year. For the year, Chicago (+0.5%) and New York (+0.8%) joined San Francisco in the bottom three. On a national level, home prices climbed 3.3% year-over-year through October. Despite the rebound in price growth, existing home sales fell to a 5.35 million annualized rate in November, a five-month low and below economist estimates of a 5.44 million rate, as lean inventories constrained sales. However, led by strength in the Northeast, new home sales increased to a 719,000 annualized pace, below economist estimates of a 732,000 pace but still represented the best three months of demand seen since 2007. Fueled by low mortgage rates, the strong economy and healthy home price growth, homebuilder confidence surged over the quarter with December’s National Association of Home Builders (NAHB) sentiment index rising 5 points to end the year at a 20-year high of 76, up 8 points for the quarter and 20 for the year. Mortgage rates drifted slightly higher for the quarter after nearing three-year lows in the prior quarter and igniting a prepayment wave. The Freddie Mac 30-year commitment rose 7 basis points to end the year at 3.72%, a level which is still 83 basis points lower than at the end of 2018. The primary-secondary mortgage spread tightened 12 basis points over the quarter as with rates trending higher, originators became more competitive to maintain pipeline capacity. Over the course of the quarter, although prepayments remained at relatively high levels, we conducted various secondary market purchases, predominantly in the agency sector, where we continued to favor short-tenor CMO tranches structured from seasoned collateral. We also added opportunistically to our fixed-rate non-agency holdings while selling some floating-rate non-agency positions in order to extend duration in other spread sectors. Going forward, we believe that the combination of a healthy jobs market, low mortgage rates and a generally sound consumer balance sheet, is supportive for home prices and mortgage performance. Overall, we anticipate increasing our RMBS sector exposure. Prep ayments are likely to remain elevated given the nominal level of rates, but we believe our portfolios are well-protected given our preference for seasoned tranches that should exhibit favorable convexity patterns relative to more recently originated vintag es. We continue to find agency tranches generally better value than non-agencies due to their enhanced liquidity profiles, particularly in times of market volatility Performance Attribution: Positive After accounting for duration and yield curve exposur e, our RMBS positions added to portfolio performance. Continuing the trend seen last quarter, our agency CMO positions were our top performers as the favorable convexity profiles of our seasoned tranche holdings mitigated the impact of prepayments. Our non-agency holdings were modestly positive as heightened prepayments reduced the positive carry advantage of our positions. Our specified pool positions were generally positive while our agency ARM holdings were mostly flat. Municipals Municipal issuance closed out the year in strong fashion, as we saw over $140 billion total issuance in the fourth- quarter, up from $105 billion in the third-quarter. The more interesting story was on the taxable side where the $37 billion issued in the fourth-quarter made up over half the $72 billion issued in all of 2019. Demand for municipal bonds remained strong with over $18 billion of inflows to municipal bond mutual funds over the fourth-quarter. Tax-exempt municipal bonds exhibited positive total returns and outperform ed similar duration U.S. Treasuries across the maturity spectrum, according to the ICE BAML indices. Taxable performance was mixed, with the broad market under performing U.S. Treasuries while taxable municipals on the front end of the curve outperformed. Moody’s upgraded the State of California on October 14 from Aa3 to Aa2, following Fitch’s upgrade from AA- to AA in August. The upgrade reflects the continued expansion of the state's massive, diverse and dynamic economy and corresponding growth in revenue, and the state government's disciplined approach to managing revenue growth 77 Views expressed were current as of December 31, 2019, are subject to change, and may not reflect the manager’s current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of December 31, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 10 indicated by its use of surplus funds to build reserves and pay down long -term liabilities, according to the report. Spreads were largely unchanged with this upgrade as the market had already priced it into trading levels. Moody’s also revised the State of Oklahoma’s outlook to positive, citing strong fiscal management and a commitment to increasing reserves in line with the state's goal of strengthening its preparedness for the next economic slowdown. State reserves, as a percentage of operating revenues, increased to 12% of the budget in FY 2018, compared to only 4.4% in 2016. Additionally, Moody’s expects the State's debt and pension burden will remain well below the 50-state m edian. The ratings upgrade and positive outlook changes in these two states are in line with what we have seen across many General Obligation issuers who have prudently built up reserves in preparation for a potential economic slowdown. We favor these types of issuers and are more wary of those with low reserves and large (and growing) underfunded pension and OPEB liabilities. Towards the end of the fourth-quarter, several rating agencies published their thoughts and outlooks on various subsectors, including Transportation. Moody’s, for example, has a positive outlook on Airport bonds, as they expect enplanement growth increase but at a more muted pace than the past few years. As airports modernize their gates and terminals, they will increase their ability to handle larger airplanes and larger traveler volumes. On the surface transportation front, many toll roads and managed lanes have seen strong revenue growth over the past few years, but that growth is also expected to slow over the next year or so. Fitch notes that while many of these systems have performed well in this prolonged U.S. economic expansion, few of them have track records dating back to before the Great Recession of 2008 – 2009. We believe many of these toll roads have become a regular, affordable, value-add for customers but we remain selective on which systems we invest in. Specifically, we favor systems with a favorable track record and located in areas with significant projected population growth. We were active again during the fourth-quarter as the increase in taxable issuance resulted in opportunities to add municipal bonds in both the primary and secondary markets. While the primary market continued to be oversubs cribed, spreads remained attractive on many high-quality issues. We purchased bonds within the power, higher education, airport, toll road, healthcare and water & sewer subsectors, as well as state and local obligations. After a healthy fourth-quarter, we would expect municipal supply to be lighter in the first quarter of 2020. Within the Transportation subsector, we will continue to focus on large hub airports involved with capital improvement projects as well as well-run, and properly levered medium-hub airports in smaller markets but are cautious on airports and toll roads which rely on revenue growth to balance future budgets. We favor hospital systems with strong balance sheets versus those which rely on thin income statement margins, as these margins could deteriorate during times of revenue weakness. We also look with a more discerning eye at issuers in the Higher Education subsector as we perceive certain issuers to have weak revenue forecasts or business models in the current climate. We view municipally owned utility bonds as a defensive subsector during times of economic slowdown, especially issuers which have a mix of both generation assets and distribution networks, as well as those with a retail-heavy customer base. Performance Attribution: Positive Performance of our municipal holdings over the quarter was positive across our strategies. On an excess return basis, some of our better-performing municipal subsectors included Transportation, Power and State Government. 78 Views expressed were current as of December 31, 2019, are subject to change, and may not reflect the manager’s current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of December 31, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 11 Disclaimers This document is being provided to you at your specific request. This document has been prepared by MetLife Investment Management., a U.S. Securities Exchange Commission-registered investment adviser. 1 For investors in the EEA, this document is being distributed by MetLife Investment Management Limited (“MIML”), authorised and regulated by the UK Financial Conduct Authority (FCA reference number 623761), registered address Level 34 1 Canada Square London E14 5AA United Kingdom. This document is approved by MIML as a financial promotion for distribution in the UK. This document is only intended for, and may only be distributed to, investors in the EEA who qualify as a Professional Client as defined under the EEA's Markets in Financial Instruments Directive, as implemented in the relevant EEA jurisdiction. The investment strategy described herein is intended to be structured as an investment management agreement between MIML (or its affiliates, as the case may be) and a client, although alternative structures more suitable for a particular client can be discussed. For i nvestors in Japan, this document is being distributed by MetLife Asset Management Corp. (Japan) (“MAM”), a registered Financial Instruments Business Operator (“FIBO”) conducting Investment Advisory Business, Investment Management Business and Type II Financial Instruments Business under the registration entry “Director General of the Kanto Local Finance Bureau (Financial Instruments Business Operator) No. 2414” pursuant to the Financial Instruments and Exchange Act of Japan (“FIEA”), and a regular member of the Japan Investment Advisers Association and the Type II Financial Instruments Firms Association of Japan. 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No money, securities or other consideration is being solicited. No invitation is made by this document or the information contained herein to enter into, or offer to enter into, any agreement to purchase, acquire, dispose of, subscribe for or underwrite any securities or structured products, and no offer is made of any shares in or debentures of a company for purchase or subscription. Prospective clients are encouraged to seek advice from their legal, tax and financial advisors prior to making any investment. Confidentiality. By accepting receipt or reading any portion of this Presentation, you agree that you will treat the Presentation confidentially. This reminder should not be read to limit, in any way, the terms of any confidentiality agreement you or your organization may have in place with Logan Circle. This document and the information contained herein is strictly confidential (and by receiving such information you agree to keep such information confidential) and are being furnished to you solely for your information and may not be used or relied upon by any other party, or for any other purpose, and may not, directly or indirectly, be forwarded, published, reproduced, disseminated or quoted to any other person for any purpose without the prior written consent of MIM. Any forwarding, publication, distribution or reproduction of this document in whole or in part is unauthorized. Any failure to comply with this restriction may constitute a violation of applicable securities laws. Past performance is not indicative of future results. No representation is being made that any investment will or is likely to achieve profits or losses or that significant losses will be avoided. There can be no assurance that investments similar to those described in this document will be available in the future and no representation is made that future investments managed by MIM will have similar returns to those presented herein. No offer to purchase or sell securities. This Presentation does not constitute an offer to sell or a solicitation of an offer to buy any security and may not be relied upon in connection with the purchase or sale of any security. No reliance, no update and use of information. You may not rely on this Presentation as the basis upon which to make an investment decision. To the extent that you rely on this Presentation in connection with any investment decision, you do so at your own risk. This Presentation is being provided in summary fashion and does not purport to be complete. The information in the Presentation is provided to you as of the dates indicated and MIM does not intend to update the information after its distribution, even in the event that the information becomes materially inaccurate. Certain information contained in this Presentation, includes performance and characteristics of MIM’s by independent third parties, or have been prepared internally and have not been audited or verified. Use of different methods for preparing, calculating or presenting information may lead to different results for the information presented, compared to publicly quoted information, and such differences may be material. Risk of loss. An investment in the strategy described herein is speculative and there can be no assurance that the strategy’s investment objectives will be achieved. Investors must be prepared to bear the risk of a total loss of their investment. No tax, legal or accounting advice. This Presentation is not intended to provide, and should not be relied upon for, accounting, legal or tax advice or investment recommendations. Any statements of U.S. federal tax consequences contained in this Presentation were not intended to be used and cannot be used to avoid penalties under the U.S. Internal Revenue Code or to promote, market or recommend to another party any tax-related matters addressed herein. Forward-Looking Statements. This document may contain or incorporate by reference information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words and terms such as 79 Views expressed were current as of December 31, 2019, are subject to change, and may not reflect the manager’s current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of December 31, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 12 “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “will,” and other words and terms of similar meaning, or are tied to future periods in connection with a discussion of future performance. Forward-looking statements are based on MIM’s assumptions and current expectations, which may be inaccurate, and on the current economic environment which may change. These statements are not guarantees of future performance. They involve a number of risks and uncertainties that are difficult to predict. Results could differ materially from those expressed or implied in the forward-looking statements. Risks, uncertainties and other factors that might cause such differences include, but are not limited to: (1) difficult conditions in the global capital markets; (2) changes in general economic conditions, including changes in interest rates or fiscal policies; (3) changes in the investment environment; (4) changed conditions in the securities or real estate markets; and (5) regulatory, tax and political changes. MIM does not undertake any obligation to publicly correct or update any forward-looking statement if it later becomes aware that such statement is not likely to be achieved. 1. Subsidiaries of MetLife, Inc. that provide investment management services include Metropolitan Life Insurance Company, MetLife Investment Advisors, LLC, MetLife Investment Management Limited, MetLife Investments Limited, MetLife Investments Asia Limited, MetLife Latin America Asesorias e Inversiones Limitada, MetLife Asset Management Corp. (Japan), Logan Circle Partners, L.P. and Logan Circle Partners, I LLC. L0120000552[exp0720][All States] 80 PAYDEN.COM LOS ANGELES | BOSTON | LONDON | MILAN 4th Quarter 2019 QUARTERLY PORTFOLIO REVIEWQUARTERLY PORTFOLIO REVIEW ATTACHMENT 18 81 January 2020 Dear Client, Payden & Rygel celebrated its 36th year of operation in 2019. While the global economy and financial markets have changed dramatically over that time, the culture, governance structure, and focus of Payden & Rygel remain unchanged. These key ingredients are crucial to the stability and protection of client funds and the production of our investment results. As for financial markets in 2019, a wide array of asset classes enjoyed excellent returns, with everything from 1-3-year Treasuries to U.S. high yield corporate bonds to emerging market debt posting solid total returns. The U.S. economy remains resilient despite headwinds from tariffs and continues to defy the odds as the current business cycle clocks in at 126 months. We also think that the global economy is on the mend, after suffering for much of 2019 in the wake of tariffs and the Fed’s 2017-2018 rate hikes. The year ahead will not be without risks, though. The Brexit saga rages on, and the 2020 U.S. Presidential election is fast approaching. Despite all this, we’re optimistic the global economy can continue to grow. As for Payden & Rygel, we continue to offer a wide array of global strategies with an emphasis on fixed- income securities and income-generating equities. The range of strategies we provide reflects the growth and composition of the global financial markets as well as our growing, global client base. Over the past five years assets under management have grown from $95 billion to $120 billion, a testament to the trust placed in us by you, our clients. And for that, we thank you. I wish you much health and happiness in 2020. Joan A. Payden President & CEO LETTER FROM THE CEO 82 Riverside County Transportation Commission 2812 Portfolio Review and Market Update - 4th Quarter 2019 PORTFOLIO CHARACTERISTICS (As of 12/31/2019) $54.0 millionPortfolio Market Value AA+Weighted Average Credit Quality 1.82 yearsWeighted Average Duration 1.74%Weighted Average Yield to Maturity DURATION DISTRIBUTION 0% 10% 20% 30% 40% 50% 60% 0 - 1 1 - 2 2 - 3 3+ Years SECTOR ALLOCATION 0% 10% 20% 30% 40% 50%TreasuriesCreditRevenueGOAsset-BackedAgenciesMortgage-BackedPORTFOLIO RETURNS - Periods Ending 12/31/2019 2019 Since Inception (3/1/15) 4th Quarter RCTC Operating Portfolio 0.57% 3.83% 1.61% ICE BofA 1-3 Year US Treasury Index 0.51% 3.55% 1.38% Periods over one year are annualized Payden & Rygel • 333 South Grand Avenue • Los Angeles, California 90071 • (213) 625-1900 • www.payden.com83 Portfolio Review and Market Update - 4th Quarter 2019 2812 MARKET THEMES The last quarter of the decade ended with positive returns across most asset classes, as investors flocked to risk assets buoyed by improving global data, easy monetary policy, and a Phase One trade deal between the U.S. and China. Global manufacturing PMI bottomed in July and rose four consecutive months through November, climbing back above 50 (signaling expansion) while labor markets remained resilient across the developed world. The Federal Reserve cut rates a third time (25 basis points to 1.50% - 1.75%) in October 2019 and injected cash into the short-term funding markets via repo operations and Treasury bill purchases to keep money market funding rates contained. Twenty-two of the world's top 37 central banks also cut rates in 2019. In the U.K., a strong Conservative Party election victory eased Brexit concerns and calmed markets. With all the encouraging news, stocks moved to all-time highs, interest rates rose, and corporate risk premiums narrowed. Subdued volatility persisted, as investors searched for yield. Looking ahead, geopolitical risks continue to be a prominent driver of market uncertainty. STRATEGY The portfolio continues to hold a diversified mix of non-government sectors for income generation.n We targeted a market neutral duration positioning over the quarter.n We remain constructive on short-dated credit given attractive yields, lack of supply and solid fundamentals.n We continue to diversify our credit exposure through corporates, asset-backed securities (ABS) and mortgage-backed securities (MBS) in order to maintain diversified sources of high-quality income. n INTEREST RATES The Federal Open Market Committee reduced its targeted range for the Fed Funds in October while projecting that rates would be unchanged in 2020. Three-month Treasuries fell 27 basis points (bps) to 1.54% and one-year maturities decreased 18 bps to 1.57% during the quarter. Short U.S. Treasury yields fell, with the two-year falling by 0.05% to 1.57% after trading in a 35-basis point range, while yields three-years and longer moved higher. The slope between two- and five-year maturities is no longer inverted, ending the quarter at +0.12%, having steepened 20 bps. n One-month LIBOR fell 24 bps to 1.78% and three-month LIBOR decreased 18 bps to 1.91%.n SECTORS Corporate securities outperformed Treasuries, driven by both their income advantage and price performance. n High-quality ABS also outperformed Treasuries, though they underperformed corporates.n Payden & Rygel • 333 South Grand Avenue • Los Angeles, California 90071 • (213) 625-1900 • www.payden.com84 MARKET PERSPECTIVE A wide range of asset classes posted strong total returns in calendar year 2019. The S&P 500 Index returned over 30%, while even short U.S. Treasuries tallied almost 4%. Strong returns are usually accompanied by the questions, “Is the best performance behind us?” or, “Is asset class XYZ in a bubble?” A few points are worth considering. First, strong total returns for the year were a bit of an illusion. Stock prices tumbled and credit spreads widened in December 2018 as fears of tighter monetary policy and a U.S. recession spooked markets. At one point in December 2018, the S&P was down 20% from its cycle highs. Fears proved unwarranted though, as the Fed pivoted dramatically in 2019, cutting interest rates three times. The U.S. continued to see moderate economic growth and a strong labor market despite tariff-related headwinds. In the end, a solid economic backdrop, coupled with easy monetary policy, soothed investor fears. The lower starting point for asset prices at the outset of 2019 flattered overall returns to cause them to appear larger. Second, over the longer run, economic fundamentals typically drive earnings and interest rates, determining the fate of equity and credit markets. The 2010s marked the first decade in history in which a U.S. recession did not begin. Looking back at cumulative total returns for the decade as a whole, the S&P 500 total return index nearly tripled, while the high yield corporate index rose 100%. In short, we don’t expect to see a repeat of 2019’s stellar returns in 2020, but we expect positive total returns across a range of asset classes as long as the economic fundamentals remain strong. Cumulative Returns by Asset Class The End of a Year, The End of a Decade – What’s Ahead? Source: Bloomberg, Payden Calculations 0% 50% 100% 150% 200% 250% 300% 256% 147% 28%31% 14% 14% 15%8%9%7%4% 107% 89% 72% 53% Investment Grade Corporates U.S. Equities Global Equities Emerging Market Bonds High Yield U.S. AggregateU.S. Municipals Global Aggregate 1-3 Year Treasuries 201910-Year 44% 28% 13% 85 LOS ANGELES 333 South Grand Avenue Los Angeles, California 90071 213 625-1900 BOSTON 265 Franklin Street Boston, Massachusetts 02110 617 807-1990 LONDON 1 Bartholmew Lane London EC2N 2AX UK +44 (0) 20-7621-3000 MILAN Corso Matteotti, 1 20121 Milan, Italy +39 02 76067111 OUR STRATEGIES Multi-Sector Short Maturity Bonds U.S. Core Bond Absolute Return Fixed Income Strategic Income Global Fixed Income Liability Driven Investing For more information about Payden & Rygel’s strategies, contact us at a location listed below. PAYDEN.COM LOS ANGELES |BOSTON |LONDON |MILAN OVER 35 YEARS OF INSPIRING CONFIDENCE WITH AN UNWAVERING COMMITMENT TO OUR CLIENTS’ NEEDS. Available in: Separate Accounts – Mutual Funds (U.S. and UCITS) Collective Trusts (“CITs”) – Customized Solutions Sector-Specific Emerging Markets Debt Government/Sovereign High Yield Bonds & Loans Inflation-Linked/TIPS Investment Grade Corporate Bonds Municipal Bonds (U.S.) Securitized Bonds Income-Focused Equities Equity Income 86 County of Riverside Treasurer’s Pooled Investment Fund December 2019 ATTACHMENT 19 87 Contents COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 1 2| Treasurer’s Pooled Investment Fund 3| Economy 4| Market Data 6| Portfolio Data 8| Compliance Report 9| Month End Holdings Federal Reserve Chair Jerome Powell during the October 30 FOMC press conference. Digital Image. Federal Reserve Board. https://www.youtube.com/user/FedReserveBoard See the digital copy of our monthly TPIF report at countytreasurer.org to view the video of the Federal Open Market Committee’s December press conference. 88 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 2 The Treasurer’s Pooled Investment Fund is comprised of contributions from the county, schools, special districts, and other discretionary depositors throughout the County of Riverside. The primary objective of the treasurer shall be to safeguard the principal of the funds under the Treasurer's control, meet the liquidity needs of the depositor, and to maximize a return on the funds within the given parameters. The Treasurer-Tax Collector and the Capital Markets team are committed to maintaining the highest credit ratings. The Treasurer’s Pooled Investment Fund is currently rated Aaa-bf by Moody’s Investor Service and AAAf/S1 by Fitch Ratings, two of the nation’s most trusted bond credit rating services. Since its inception, the Treasurer’s Pooled Investment Fund has been in full compliance with the Treasurer’s Statement of Investment Policy, which is more restrictive than California Government Code 53646. Treasurer’s Statement Capital Markets Team Jon Christensen Treasurer-Tax Collector Giovane Pizano Chief Investment Manager Steve Faeth Senior Investment Manager Isela Licea Assistant Investment Manager Jake Nieto Administrative Services Analyst Treasurer’s Pooled Investment Fund 6-Month Pool Performance Santa brought investors calm with the US -China trade truce and a pause in FOMC fed funds rate cuts in December; bringing an end to a year marked by FOMC activity, solid US growth in a sea of slow global growth, trade disputes and social unrest. After cutting rates in the previous three meetings, the FOMC voted to maintain the target range for the federal funds rate at 1.5 – 1.75 percent. Economic data and FOMC commentary signal a prolonged pause in future rates cuts. U.S. yields ended the month slightly lower and TPIF’s yield fell as a result of an increase in balances. The 2 year treasury yield began the month at 1.59 and ended at 1.57 while the 5 year treasury yield began the month at 1.63 and ended at 1.68, bringing the yield differential (spread) between the two yields to +11 basis points. A widening spread between short and long rates is referred to as ‘curve steepening’ and indicates that investors are anticipating stronger econom- ic growth in the near future. This sentiment was also reflected by the stock market, with the Dow Jones Industrial average climbing by 700 points in December. The December 29, 2019 UK parliamen- tary election opened the path for the UK to complete Brexit, as the conservatives gained a majority in parliament. While the civil unrest in Hong Kong and Bolivia contin- ued to grab headlines, overall the geopolit- ical environment remained tense but sta- ble. An agreement between US and Chi- na, dubbed Phase One, to drop tariffs on $120 billion worth of Chinese goods to 7.5%, provided markets a welcomed respite. A strong labor market and consumer activity continue to reflect resiliency in the U.S. economy. With 266k jobs added in November, payrolls grew the most since January. Measures of the consumer/retail sector remained expansionary in Novem- ber, albeit the non-manufacturing index and retail sales fell below expectations. To the upside, the University of Michigan Con- sumer Sentiment index was 99.2 compared to expectations of 97.0. Manufacturing indicators remain mixed as problems from Boeing’s unserviceable 737 MAX airplane and General Motors’ strike activity weigh on the sector. Durable goods orders for November fell 2.0% from the previous month, the sharpest decline in six months. The industrial production index grew 1.1% M/M in November, the strongest M/M gain since October 2017. On a 12- month basis, however, the index is down 0.75%. The U.S. housing sector continues to demonstrate strength. Existing home sales, which make up the vast majority of the domestic housing market, increased 2.7% Y/Y in November. New home sales re- mained near their highest since the 2007- 2010 Subprime Mortgage Crisis. Nationally, home prices grew 2.2% Y/Y in October. In the Inland Empire, job growth in No- vember of 2.1% Y/Y outpaced job growth statewide (1.9% Y/Y) and nationwide (1.5% Y/Y). In Riverside County, the median home price of a single family home was $408k. That’s up from $400k in October, and repre- sents a 5.8% increase from November 2018. On a sad note Paul A. Volker, former Fed Chairmen who campaigned to subdue inflation in the 1970s and ’80s passed away on December 12. As a senior Federal Re- serve official from 1975 to 1987, he battled inflation, sought to limit the easing of finan- cial regulation and warned about the threat of the growing national debt. Jon Christensen Treasurer-Tax Collector Monthly Commentary Merry Consumers Keep Economy, Markets Afloat Month End Market Value ($)* Month End Book Value ($) Paper Gain or Loss ($) Paper Gain or Loss (%) Book Yield (%) WAM (Yrs) Dec-19 8,232,092,850.66 8,214,054,109.29 18,038,741.37 0.22% 1.86 1.01 Nov-19 6,701,954,259.60 6,686,612,679.23 15,341,580.37 0.23% 1.91 1.13 Oct-19 6,439,190,828.38 6,419,496,517.32 19,694,311.06 0.31% 2.03 1.13 Sep-19 6,351,986,977.01 6,333,085,946.48 18,901,030.53 0.30% 2.13 1.10 Aug-19 6,417,639,034.28 6,389,269,000.29 28,370,033.99 0.44% 2.23 1.13 Jul-19 6,570,927,735.30 6,550,099,863.71 20,827,871.59 0.32% 2.29 1.13 *Market values do not include accrued interest. 89 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 3 Key Economic Indicators National Economy Economy California’s record job expansion continued last month, as state payrolls expanded 28,400 jobs on top of October’s revised gain of 32,000. [LA TIMES; 12/20/2019] • The Inland Empire gained 12,300 jobs in November, for a total of 1.57 million. [LA TIMES; 12/20/2019] • Riverside County home prices rose 5% in November, the median selling price was $409,500. [PE; 12/27/2019] State Economy Private Sector Average Hourly Earnings Y/Y Nonfarm Payrolls Total M/M Change SA Industrial Production Index Y/Y US economic activity continued its moderate expansion, increasing 2.1% in Q3, according to the third estimate. The growth was supported by consumer spending, government spending, housing investment, and exports, while business investment and inventory investment decreased. [BEA; 12/20/2019] • Notable job gains occurred in retail trade and health care, while mining lost jobs. Payroll employment rose by 2.1 million, down from a gain of 2.7 million in 2018. [BLS; 01/10/2020] New Home Sales SAAR Release Date Indicator Actual Consensus Prior Year 12/20/2019 Real GDP - Q/Q Change 2.1% 2.1% 3.4% 12/06/2019 Unemployment Rate - Seasonally Adjusted 3.5% 3.6% 3.7% 12/06/2019 Non-Farm Payrolls - M/M Change - Thousands 266 180 155 12/11/2019 CPI - Y/Y Change 2.1% 2.0% 2.2% 12/11/2019 CPI Ex Food and Energy - Y/Y Change 2.3% 2.3% 2.2% 12/04/2019 ISM Non-Manufacturing Index (> 50 indicates growth) 53.9 54.5 60.7 12/23/2019 New Home Sales - SAAR - Thousands 719 732 544 12/05/2019 Factory Orders - M/M Change 0.3% 0.3% -2.1% 12/05/2019 Durable Goods Orders - New Orders - M/M Change 0.5% 0.6% -4.3% *Note: 'Prior Year' displays final estimates of indicator values from the equivalent period of the prior year. 90 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 4 U.S. Treasury Curve The US Treasury Curve and its values are subject to frequent change and will be updated monthly with each issued TPIF report. Market Data Fed Funds Target Rate (Upper Limit) FOMC Meeting 12/11/2019 The FOMC stated that data received since their last meeting in October “indicates that the labor market remains strong and that economic activity has been rising at a moderate rate.” The Federal Open Market Committee maintained the Fed Funds Target Range at 1.50—1.75%. The FOMC stated in their December press release that “sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee’s symmetric 2 percent objective as the most likely outcomes, but uncer- tainties about this outlook remain.” Treasury Curve Differentials 3 Mo 6 Mo 1 Yr 2 Yr 3 Yr 5 Yr 10 Yr 30 Yr 12/31/2019 - 12/02/2019 -0.05 -0.02 -0.01 -0.03 -0.01 0.04 0.09 0.11 12/31/2019 1.55 1.60 1.59 1.58 1.62 1.69 1.92 2.39 12/02/2019 1.60 1.62 1.60 1.61 1.63 1.65 1.83 2.28 91 * Values listed for commodities and stocks are in US dollars and are as of the final business day of each month. COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 5 U.S. Treasuries Market Data cont’d Stocks Commodities 92 The County of Riverside’s Treasurer’s Pooled Investment Fund is currently rated AAA-bf by Moody’s Investor Service and AAAf/S1 by Fitch Ratings. Moody’s Asset Rating (000’s) S&P Asset Rating (000’s) COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 6 Portfolio Data Based on historic and current financial conditions within the County, the Pool is expected to maintain sufficient liquidity of funds to cover County expenses for the next twelve months. * Values listed in Cash Flow Table are in millions of USD. 12-Month Projected Cash Flow Book MKT/Book % Book Yield Aaa 5,611,168.59 100.37% 68.31% 1.92% Aa1 760,418.02 100.22% 9.26% 1.82% Aa2 291,359.93 100.19% 3.55% 1.81% Aa3 270,131.15 100.10% 3.29% 2.18% A1 145,931.71 100.01% 1.78% 1.72% NR 1,135,044.70 100.06% 13.82% 1.83% Totals: 8,214,054.11 100.22% 100.00% 1.86% Book MKT/Book % Book Yield AAA 440,641.31 100.54% 5.36% 1.90% AA+ 5,307,625.28 100.26% 64.62% 1.86% AA 59,405.14 99.99% 0.72% 2.02% AA- 1,203,405.96 100.09% 14.65% 1.84% A+ 67,931.71 100.02% 0.83% 1.78% NR 1,135,044.70 100.06% 13.82% 1.83% Totals: 8,214,054.11 100.22% 100.00% 1.86% 93 Asset Maturity Distribution (Par Value, 000’s) Portfolio Data cont’d TIMMI The Treasurer’s Institutional Money Market Index (TIMMI) is a composite index of four AAA rated prime institutional money market funds. Their average yield is compared to the yield of the Treasurer’s Pooled Investment Fund in the above graph. Asset Allocation (000’s) COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 7 Assets Scheduled Book Scheduled Market Mkt/Book Yield WAL (Yr.) Mat (Yr.) TREAS 639,568.84 639,819.55 100.04% 1.67% 1.53 1.53 AGENCIES 3,892,595.37 3,902,831.84 100.26% 1.90% 0.84 1.72 MMKT 395,000.00 395,000.00 100.00% 1.62% 0.00 0.00 CASH 940,000.00 940,000.00 100.00% 1.78% 0.00 0.00 CALTRUST FND 4,023.98 4,023.98 100.00% 2.00% 0.00 0.00 COMM PAPER 1,501,461.30 1,506,658.66 100.35% 1.80% 0.13 0.13 NCDS 528,000.00 528,000.00 100.00% 1.78% 0.25 0.25 MEDIUM TERM NOTES 152,408.39 154,762.59 101.54% 2.51% 0.53 0.57 MUNI 160,956.23 160,956.23 100.00% 2.63% 1.28 1.28 LOCAL AGCY OBLIG 40.00 40.00 100.00% 2.41% 0.46 0.46 Totals: 8,214,054.11 8,232,092.85 100.22% 1.86% 0.591 1.01 94 Compliance Status: Full Compliance The Treasurer’s Pooled Investment Fund was in full compliance with the County of Riverside’s Treasurer’s State- ment of Investment Policy. The County’s Statement of Investment Policy is more restrictive than California Gov- ernment Code 53646. The County’s Investment Policy is reviewed annually by the County of Riverside’s Over- sight Committee and approved by the Board of Supervisors. 1 Money Market Mutual Funds maturity may be interpreted as a weighted average maturity not exceeding 60 days. 2 Or must have an investment advisor with no fewer than 5 years experience and with assets under management of $500,000,000 USD. THIS COMPLETES THE REPORT REQUIREMENTS OF CALIFORNIA GOVERNMENT CODE 53646. COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 8 Compliance Report GOVERNMENT CODE COUNTY INVESTMENT POLICY Investment Category Maximum Remaining Maturity Authorized % Limit S&P/ Moody's Maximum Remaining Maturity Authorized % Limit S&P/Moody's/ Fitch Actual % MUNICIPAL BONDS (MUNI) 5 YEARS NO LIMIT NA 4 YEARS 15% AA-/Aa3/AA- 1.96% U.S. TREASURIES 5 YEARS NO LIMIT NA 5 YEARS 100% NA 7.79% LOCAL AGENCY OBLIGATIONS (LAO) 5 YEARS NO LIMIT NA 3 YEARS 2.50% INVESTMENT GRADE <0.01% FEDERAL AGENCIES 5 YEARS NO LIMIT AAA 5 YEARS 100% NA 47.39% COMMERCIAL PAPER (CP) 270 DAYS 40% A1/P1 270 DAYS 40% A1/P1/F1 18.28% CERTIFICATE & TIME DEPOSITS (NCD & TCD) 5 YEARS 30% NA 1 YEAR 25% Combined A1/P1/F1 6.43% INT'L BANK FOR RECON- STRUCTION AND DEVEL- OPMENT AND INT'L FI- NANCE CORPORATION NA NA NA 4 YEARS 20% AA/Aa/AA 0.00% REPURCHASE AGREEMENTS (REPO) 1 YEARS NO LIMIT NA 45 DAYS 40% max, 25% in term repo over 7 days A1/P1/F1 0.00% REVERSE REPOS 92 DAYS 20% NA 60 DAYS 10% NA 0.00% MEDIUM TERM NOTES (MTNO) 5 YEARS 30% A 3 YEARS 20% AA/Aa2/AA 1.86% CALTRUST SHORT TERM FUND NA NA NA DAILY LIQUIDITY 1.00% NA 0.05% MONEY MARKET MUTUAL FUNDS (MMF) 60 DAYS(1) 20% AAA/Aaa (2) DAILY LIQUIDITY 20% AAA by 2 Of 3 RATINGS AGC. 4.81% LOCAL AGENCY INVESTMENT FUND (LAIF) NA NA NA DAILY LIQUIDITY Max $50 million NA 0.00% CASH/DEPOSIT ACCOUNT NA NA NA NA NA NA 11.44% 95 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss FIDELITY GOV 01/01/2020 1.545 22,000,000.00 22,000,000.00 100.000000 22,000,000.00 0.00 FEDERATED GOV 01/01/2020 1.528 51,000,000.00 51,000,000.00 100.000000 51,000,000.00 0.00 WELLS FARGO GOV 01/01/2020 1.561 76,000,000.00 76,000,000.00 100.000000 76,000,000.00 0.00 GOLDMAN SACHS GOV 01/01/2020 1.557 96,000,000.00 96,000,000.00 100.000000 96,000,000.00 0.00 JP MORGAN PRIME 01/01/2020 1.730 49,985,004.50 50,000,000.00 100.030000 50,000,000.00 0.00 BLACKROCK PRIME 01/01/2020 1.725 49,970,017.99 50,000,000.00 100.060000 50,000,000.00 0.00 FIDELITY PRIME 01/01/2020 1.718 49,980,008.00 50,000,000.00 100.040000 50,000,000.00 0.00 1.617 394,935,030.49 395,000,000.00 100.016451 395,000,000.00 0.00 CALTRUST SHT TERM FUND 01/01/2020 2.007 4,015,944.14 4,023,976.03 100.200000 4,023,976.03 0.00 2.007 4,015,944.14 4,023,976.03 100.200000 4,023,976.03 0.00 BANK OF THE WEST 01/01/2020 1.851 300,000,000.00 300,000,000.00 100.000000 300,000,000.00 0.00 1.851 300,000,000.00 300,000,000.00 100.000000 300,000,000.00 0.00 PACIFIC PREMIER BANK 01/01/2020 1.705 40,000,000.00 40,000,000.00 100.000000 40,000,000.00 0.00 FIRST REPUBLIC BANK 01/01/2020 1.800 350,000,000.00 350,000,000.00 100.000000 350,000,000.00 0.00 UB MANAGED RATE 01/01/2020 1.690 250,000,000.00 250,000,000.00 100.000000 250,000,000.00 0.00 1.751 640,000,000.00 640,000,000.00 100.000000 640,000,000.00 0.00 US DIST COURTHOUSE 06/15/2020 2.408 40,000.00 40,000.00 100.000000 40,000.00 0.00 2.408 40,000.00 40,000.00 100.000000 40,000.00 0.00 U.S. TREASURY BILL 05/07/2020 1.523 25,000,000.00 24,807,509.72 99.467000 24,866,750.00 59,240.28 1.523 25,000,000.00 24,807,509.72 99.467000 24,866,750.00 59,240.28 U.S. TREASURY BOND 03/15/2020 1.625 15,000,000.00 14,889,257.81 99.992000 14,998,800.00 109,542.19 U.S. TREASURY BOND 07/31/2020 2.625 25,000,000.00 25,179,687.50 100.566000 25,141,500.00 -38,187.50 U.S. TREASURY BOND 09/30/2024 1.500 25,000,000.00 24,801,757.81 99.168000 24,792,000.00 -9,757.81 U.S. TREASURY BOND 10/31/2024 1.500 25,000,000.00 24,878,906.25 99.168000 24,792,000.00 -86,906.25 U.S. TREASURY BOND 08/31/2020 1.375 50,000,000.00 49,898,437.50 99.832000 49,916,000.00 17,562.50 U.S. TREASURY BOND 08/31/2021 1.500 25,000,000.00 24,906,250.00 99.844000 24,961,000.00 54,750.00 U.S. TREASURY BOND 06/30/2021 1.125 25,000,000.00 24,753,906.25 99.301000 24,825,250.00 71,343.75 U.S. TREASURY BOND 08/31/2024 1.250 25,000,000.00 24,479,492.19 98.090000 24,522,500.00 43,007.81 U.S. TREASURY BOND 10/31/2020 1.375 50,000,000.00 49,876,953.13 99.770000 49,885,000.00 8,046.87 U.S. TREASURY BOND 01/15/2021 2.000 50,000,000.00 50,193,359.38 100.371000 50,185,500.00 -7,859.38 U.S. TREASURY BOND 11/15/2020 2.625 50,000,000.00 50,455,078.13 100.840000 50,420,000.00 -35,078.13 U.S. TREASURY BOND 11/30/2020 2.000 50,000,000.00 50,173,828.13 100.324000 50,162,000.00 -11,828.13 U.S. TREASURY BOND 01/15/2021 2.000 50,000,000.00 50,193,359.38 100.371000 50,185,500.00 -7,859.38 U.S. TREASURY BOND 01/15/2021 2.000 25,000,000.00 25,097,656.25 100.371000 25,092,750.00 -4,906.25 U.S. TREASURY BOND 11/30/2024 1.500 25,000,000.00 24,705,078.13 99.191000 24,797,750.00 92,671.87 U.S. TREASURY BOND 01/15/2021 2.000 25,000,000.00 25,097,656.25 100.371000 25,092,750.00 -4,906.25 U.S. TREASURY BOND 01/15/2021 2.000 50,000,000.00 50,185,546.88 100.371000 50,185,500.00 -46.88 U.S. TREASURY BOND 10/15/2020 1.625 25,000,000.00 24,995,117.19 99.988000 24,997,000.00 1,882.81 1.803 615,000,000.00 614,761,328.16 99.992325 614,952,800.00 191,471.84 FHLMC DISC NTE 01/09/2020 1.860 40,000,000.00 39,749,530.00 99.971000 39,988,400.00 238,870.00 1.860 40,000,000.00 39,749,530.00 99.971000 39,988,400.00 238,870.00 FHLMC 1YrNc9MoE 04/08/2020 2.460 25,000,000.00 24,996,250.00 100.018000 25,004,500.00 8,250.00 2.460 25,000,000.00 24,996,250.00 100.018000 25,004,500.00 8,250.00 FHLMC 3.5YrNc1YrE 02/25/2020 1.250 10,000,000.00 10,000,000.00 99.937000 9,993,700.00 -6,300.00 FHLMC 3.5YrNc1YrE 05/08/2020 1.200 15,000,000.00 15,000,000.00 99.849000 14,977,350.00 -22,650.00 FHLMC 4YrNc6MoE 11/25/2020 1.370 25,000,000.00 25,000,000.00 99.792000 24,948,000.00 -52,000.00 FHLMC 4YrNc1YrE 11/30/2020 1.440 10,000,000.00 10,000,000.00 99.853000 9,985,300.00 -14,700.00 FHLMC 2.75Yr 01/17/2020 1.500 25,000,000.00 24,942,750.00 99.990000 24,997,500.00 54,750.00 FHLMC 2.75YrNc2MoB 06/29/2020 1.750 20,000,000.00 19,983,860.00 100.030000 20,006,000.00 22,140.00 FHLMC 2.5YrNc3MoB 08/10/2020 1.450 10,000,000.00 9,769,000.00 99.924000 9,992,400.00 223,400.00 FHLMC 5YrNc3YrE 05/26/2023 3.000 15,000,000.00 15,000,000.00 101.355000 15,203,250.00 203,250.00 FHLMC 5YrNc2YrE 06/29/2023 3.100 5,000,000.00 5,000,000.00 100.591000 5,029,550.00 29,550.00 FHLMC 1.6YrNc1Yr 07/13/2020 1.850 15,000,000.00 14,758,950.00 99.991000 14,998,650.00 239,700.00 FHLMC 2.75YrNc9MoE 01/24/2022 2.500 5,000,000.00 5,000,000.00 100.037000 5,001,850.00 1,850.00 FHLMC 5YrNc1YrE 04/24/2024 2.625 15,000,000.00 15,000,000.00 100.186000 15,027,900.00 27,900.00 FHLMC 5YrNc1YrE 04/24/2024 2.610 15,000,000.00 15,000,000.00 100.173000 15,025,950.00 25,950.00 FHLMC 5YrNc1YrE 04/24/2024 2.610 15,000,000.00 15,000,000.00 100.173000 15,025,950.00 25,950.00 FHLMC 5YrNc2YrB 05/03/2024 2.600 10,000,000.00 10,000,000.00 100.824000 10,082,400.00 82,400.00 FHLMC 3YrNc1YrE 06/10/2022 2.400 5,000,000.00 5,000,000.00 100.303000 5,015,150.00 15,150.00 FHLMC 1YrNc1YrE 07/01/2024 2.125 15,000,000.00 15,000,000.00 100.065000 15,009,750.00 9,750.00 FHLMC 1YrNc1YrE 07/01/2024 2.125 15,000,000.00 15,000,000.00 100.065000 15,009,750.00 9,750.00 FHLMC 3YrNc1YrE 07/01/2022 2.000 15,000,000.00 15,000,000.00 100.103000 15,015,450.00 15,450.00 FHLMC 2.75YrNc9MoE 04/01/2022 2.000 15,000,000.00 15,000,000.00 100.012000 15,001,800.00 1,800.00 FHLMC 5YrNc1YrE 07/01/2024 2.125 15,000,000.00 15,000,000.00 100.065000 15,009,750.00 9,750.00 FHLMC 5YrNc1YrE 07/08/2024 2.190 50,000,000.00 50,000,000.00 100.112000 50,056,000.00 56,000.00 FHLMC 5YrNc1YrE 07/15/2024 2.150 15,000,000.00 15,000,000.00 100.055000 15,008,250.00 8,250.00 FHLMC 5YrNc1YrQ 07/15/2024 2.300 5,000,000.00 5,000,000.00 100.174000 5,008,700.00 8,700.00 FHLMC 5YrNc1YrE 07/15/2024 2.150 5,000,000.00 5,000,000.00 100.055000 5,002,750.00 2,750.00 FHLMC 3.9YrNc5MoQ 07/24/2023 2.300 1,000,000.00 1,000,000.00 100.003000 1,000,030.00 30.00 FHLMC 5YrNc1YrQ 08/07/2024 2.150 5,000,000.00 5,000,000.00 100.105000 5,005,250.00 5,250.00 FHLMC 5YrNc6MoQ 08/07/2024 2.300 5,000,000.00 5,000,000.00 100.031000 5,001,550.00 1,550.00 FHLMC 2YrNc6MoO 09/09/2021 1.880 25,000,000.00 25,000,000.00 99.794000 24,948,500.00 -51,500.00 FHLMC 2YrNc6MoO 09/09/2021 1.860 25,000,000.00 25,000,000.00 100.008000 25,002,000.00 2,000.00 1425: FHLMC-Fxd-S 30/360 9128283Q1 9128282Z2 313396RP0 1420: FHLMC-Fxd-Q 30/360 1170: MGD RATE-A/360 CASH CASH LAO 9128283Q1 3134GT5H2 3134GTHH9 3134GABZ6 3134GBTX0 3134GTGX5 3134GT6P3 3134GTKG7 3134GAVF8 3134GAXZ2 3134GTA37 3134GTA37 FIPXX 1065: CLTR-A/365-6 CLTR 1080: MGD RATE-A/365-6 TMPXX 912828YM6 3134GTXJ7 3134GTGX5 CASH 3134GTYP2 3134GTYT4 3134G9W37 3134GSQL2 3134GTYS6 3134GBXV9 3134GTEB5 1.860 1.646 1.693 2.300 4.302 4.605 1.880 1.646 1.693 4.542 2.300 3.372 3.564 2.150 4.321 4.605 4.228 4.504 2.150 4.260 4.542 2.150 4.260 4.542 2.300 4.242 2.190 4.236 4.523 2.125 4.228 4.504 2.000 2.189 2.252 2.125 2.000 2.405 2.501 2.400 2.355 2.444 2.125 4.228 4.504 2.610 4.036 4.318 2.600 4.062 4.342 2.625 4.035 4.318 2.610 4.036 4.318 2.870 .521 .534 2.500 1.990 2.068 3.000 3.203 3.403 3.100 3.287 3.496 1.780 .491 .496 2.421 .597 .611 1.440 .907 .918 1.602 .046 .047 1.200 .351 .353 1.370 .890 .904 2.475 .266 .271 1.250 .152 .153 2.475 .266 .271 1.875 .024 .025 1.875 .024 .025 1.673 1.521 1.570 1.645 1.016 1.044 1.649 .778 .792 1.751 4.710 4.921 1.626 1.016 1.044 1.643 1.016 1.044 1.637 1.016 1.044 1.638 .859 .877 1.639 .904 .918 1.634 .823 .836 1.647 1.016 1.044 1.735 1.479 1.499 1.702 4.489 4.671 .658 .668 1.711 1.630 1.668 912828L32 912828YC8 1.627 .572 .584 1.668 4.547 4.753 1.601 4.632 4.838 1.662 .345 .351 2.449 .203 .205 1.535 .203 .458 1.535 .345 .351 2.408 .003 .003 2.408 .203 .458 1.751 .003 .003 1.690 .003 .003 1.800 1.705 .003 .003 .003 .003 1.851 .003 .003 1.851 .003 .003 1.996 .003 .003 1.996 .003 .003 1.715 .003 .003 .003 .0031.616 1.722 .003 .003FGTXX 1.729 .003 .003CJPXX .003 WFFXX 1.561 .003 .003 GOFXX CUSIP FRGXX 1.545 .003 .003 Fund: 1 POOL FUND 1060: MMKT ACCTS-A/365-6 Yield To Mat Modified Duration Years To Maturity Month End Portfolio Holdings 1.528 .003 1.557 3134GTW82 3134GTFF5 3134GSMF9 3134GTSF1 3134GTA52 3134GTW74 912828PC8 912828L99 1300: U.S. TREASURY BILL 912828W63 9128283Q1 912828Y46 912828YH7 912796TT6 912828A42 912828YV6 9128283Q1 9128283Q1 3137EAEE5 CASH 912828S27 912828YE4 1175: LAO-SINKING FND-A/360 1310: U.S. TREASURY BOND 1400: FHLMC-DISC NOTE 3134GTYT4 3134GTP23 3134GAYK4 3134GTYT4 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 9 96 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss CUSIP Yield To Mat Modified Duration Years To Maturity Month End Portfolio Holdings FHLMC 5YrNc6MoQ 09/12/2024 2.125 25,000,000.00 25,000,000.00 100.027000 25,006,750.00 6,750.00 FHLMC 3YrNC4MoO 09/13/2022 1.860 50,000,000.00 50,000,000.00 99.417000 49,708,500.00 -291,500.00 FHLMC 5YrNc3MoO 10/07/2024 1.920 45,000,000.00 45,000,000.00 99.997000 44,998,650.00 -1,350.00 FHLMC 2YrNc3MoQ 10/07/2021 2.050 25,000,000.00 25,000,000.00 99.998000 24,999,500.00 -500.00 FHLMC 5YrNc1Q 10/15/2024 1.875 10,000,000.00 10,000,000.00 99.250000 9,925,000.00 -75,000.00 FHLMC 2YrNc3MoQ 10/21/2021 2.000 25,000,000.00 25,000,000.00 100.002000 25,000,500.00 500.00 FHLMC 5YrNc3MoQ 10/30/2024 2.125 5,000,000.00 5,000,000.00 100.012000 5,000,600.00 600.00 FHLMC 4YrNc1YrB 11/27/2023 1.800 15,000,000.00 15,000,000.00 99.600000 14,940,000.00 -60,000.00 FHLMC 3.75YrNc9MoB 08/28/2023 1.670 695,000.00 694,652.50 99.688000 692,831.60 -1,820.90 FHLMC 3YrNc3MoB 12/02/2022 1.900 10,000,000.00 10,000,000.00 100.002000 10,000,200.00 200.00 FHLMC 4YrNc7MoB 12/12/2023 1.900 10,000,000.00 10,000,000.00 99.672000 9,967,200.00 -32,800.00 FHLMC 5YrNc6MoB 06/19/2024 2.000 15,000,000.00 15,000,000.00 100.010000 15,001,500.00 1,500.00 FHLMC 3.5YrNc1YrB 06/23/2023 1.800 15,000,000.00 15,000,000.00 100.049000 15,007,350.00 7,350.00 FHLMC 3.5YrNc1YrB 06/23/2023 1.800 9,000,000.00 8,993,250.00 100.049000 9,004,410.00 11,160.00 FHLMC 5YrNc3MoB 12/30/2024 2.150 15,000,000.00 15,000,000.00 99.838000 14,975,700.00 -24,300.00 FHLMC 4YrNc1YrB 12/28/2023 1.900 20,000,000.00 20,000,000.00 100.027000 20,005,400.00 5,400.00 FHLMC 4YrNc1YrB 12/28/2023 1.900 10,000,000.00 10,000,000.00 99.999000 9,999,900.00 -100.00 1.987 730,695,000.00 730,142,462.50 99.990341 730,624,421.60 481,959.10 FHLMC 5YrNc3MoB 06/09/2021 1.750 15,000,000.00 15,000,000.00 99.872000 14,980,800.00 -19,200.00 FHLMC 5YrNc3MoB 05/25/2021 1.750 20,000,000.00 20,000,000.00 99.897000 19,979,400.00 -20,600.00 FHLMC 5YrNc3MoB 06/30/2021 1.750 15,000,000.00 15,000,000.00 99.911000 14,986,650.00 -13,350.00 FHLMC 4YrNc6MoB 07/27/2020 1.750 15,000,000.00 15,000,000.00 99.993000 14,998,950.00 -1,050.00 FHLMC 5YrNc3MoB 08/10/2021 1.500 15,000,000.00 15,000,000.00 99.732000 14,959,800.00 -40,200.00 FHLMC 4YrNc6MoB 08/10/2020 1.750 15,000,000.00 15,000,000.00 99.980000 14,997,000.00 -3,000.00 FHLMC 5YrNc3MoB 08/10/2021 1.750 10,000,000.00 10,000,000.00 99.973000 9,997,300.00 -2,700.00 FHLMC 5YrNc3MoB 08/25/2021 1.625 15,000,000.00 15,000,000.00 99.869000 14,980,350.00 -19,650.00 FHLMC 5YrNc3MoB 08/25/2021 1.500 10,000,000.00 10,000,000.00 99.886000 9,988,600.00 -11,400.00 FHLMC 5YrNc3MoB 08/25/2021 1.625 15,000,000.00 15,000,000.00 99.801000 14,970,150.00 -29,850.00 FHLMC 4.25YrNc3MoB 12/08/2020 1.750 20,000,000.00 20,000,000.00 99.920000 19,984,000.00 -16,000.00 FHLMC 5YrNc3MoB 09/13/2021 1.625 16,500,000.00 16,500,000.00 99.851000 16,475,415.00 -24,585.00 FHLMC 5YrNc3MoB 09/30/2021 1.625 20,000,000.00 20,000,000.00 99.922000 19,984,400.00 -15,600.00 FHLMC 5YrNc6MoB 09/30/2021 1.750 15,000,000.00 15,000,000.00 99.952000 14,992,800.00 -7,200.00 FHLMC 5YrNc6MoB 09/30/2021 1.750 15,000,000.00 15,000,000.00 99.958000 14,993,700.00 -6,300.00 FHLMC 5YrNc3MoB 10/25/2021 1.750 10,000,000.00 10,000,000.00 99.895000 9,989,500.00 -10,500.00 FHLMC 5YrNc3MoB 10/25/2021 1.750 6,705,000.00 6,705,000.00 99.895000 6,697,959.75 -7,040.25 FHLMC 5YrNc6MoB 10/27/2021 1.625 15,000,000.00 15,000,000.00 99.755000 14,963,250.00 -36,750.00 FHLMC 5YrNc6MoB 10/27/2021 1.625 15,000,000.00 15,000,000.00 99.755000 14,963,250.00 -36,750.00 FHLMC 5YrNc3MoB 10/27/2021 1.625 15,000,000.00 15,000,000.00 99.776000 14,966,400.00 -33,600.00 FHLMC 5YrNc3MoB 10/27/2021 1.625 15,000,000.00 15,000,000.00 99.776000 14,966,400.00 -33,600.00 FHLMC 5YrNc3MoB 10/27/2021 1.625 10,000,000.00 10,000,000.00 99.942000 9,994,200.00 -5,800.00 FHLMC 5YrNc3MoB 11/10/2021 1.625 17,000,000.00 17,000,000.00 99.727000 16,953,590.00 -46,410.00 FHLMC 5YrNc3MoB 10/27/2021 1.625 14,000,000.00 14,000,000.00 99.942000 13,991,880.00 -8,120.00 FHLMC 5YrNc3MoB 11/30/2021 1.625 4,500,000.00 4,500,000.00 99.583000 4,481,235.00 -18,765.00 FHLMC 5YrNc3MoB 11/26/2021 1.625 20,000,000.00 20,000,000.00 99.721000 19,944,200.00 -55,800.00 FHLMC 5YrNc3MoB 07/05/2022 2.000 20,000,000.00 20,000,000.00 100.002000 20,000,400.00 400.00 FHLMC 5YrNc3MoB 08/08/2023 1.500 5,000,000.00 4,790,170.00 99.160000 4,958,000.00 167,830.00 1.684 398,705,000.00 398,495,170.00 99.858186 398,139,579.75 -355,590.25 FNMA 4YrNc6MoE 07/13/2020 1.350 10,000,000.00 10,000,000.00 99.845000 9,984,500.00 -15,500.00 FNMA 3Yr 07/30/2020 1.500 10,000,000.00 9,969,700.00 99.907000 9,990,700.00 21,000.00 FNMA 2.16Yr2MoB 01/27/2020 1.650 5,000,000.00 4,983,850.00 100.002000 5,000,100.00 16,250.00 FNMA 2Yr 01/21/2020 1.625 15,000,000.00 14,910,900.00 100.003000 15,000,450.00 89,550.00 FNMA 2.25Yr 03/06/2020 1.750 11,082,000.00 11,042,326.44 100.025000 11,084,770.50 42,444.06 FNMA 4.83Yr 10/05/2022 2.000 15,000,000.00 14,782,200.00 101.075000 15,161,250.00 379,050.00 FNMA 5Yr 01/19/2023 2.375 10,000,000.00 9,944,100.00 102.258000 10,225,800.00 281,700.00 FNMA 4.41Yr 09/12/2023 2.875 30,000,000.00 30,670,500.00 104.386000 31,315,800.00 645,300.00 FNMA 5YrNc1YrQ 10/28/2024 2.000 10,000,000.00 10,000,000.00 99.317000 9,931,700.00 -68,300.00 2.072 116,082,000.00 116,303,576.44 101.389596 117,695,070.50 1,391,494.06 FNMA 5YrNc6MoB 07/27/2021 1.500 15,000,000.00 15,000,000.00 99.731000 14,959,650.00 -40,350.00 FNMA 5YrNc6MoB 07/27/2021 1.750 20,000,000.00 20,000,000.00 100.001000 20,000,200.00 200.00 1.643 35,000,000.00 35,000,000.00 99.885286 34,959,850.00 -40,150.00 FHLB DISC NTE 01/29/2020 2.028 25,000,000.00 24,743,683.33 99.887000 24,971,750.00 228,066.67 FHLB DISC NTE 01/03/2020 1.905 60,000,000.00 59,679,325.20 99.996000 59,997,600.00 318,274.80 FHLB DISC NTE 01/10/2020 1.875 25,000,000.00 24,861,979.17 99.966000 24,991,500.00 129,520.83 FHLB DISC NTE 02/14/2020 1.625 20,000,000.00 19,897,986.11 99.818000 19,963,600.00 65,613.89 FHLB DISC NTE 01/24/2020 1.648 20,000,000.00 19,916,684.44 99.908000 19,981,600.00 64,915.56 FHLB DISC NTE 01/15/2020 1.640 50,000,000.00 49,813,222.22 99.946000 49,973,000.00 159,777.78 FHLB DISC NTE 01/15/2020 1.640 50,000,000.00 49,813,222.22 99.946000 49,973,000.00 159,777.78 FHLB DISC NTE 02/14/2020 1.610 50,000,000.00 49,749,555.56 99.818000 49,909,000.00 159,444.44 FHLB DISC NTE 01/09/2020 1.650 25,000,000.00 24,916,354.17 99.971000 24,992,750.00 76,395.83 FHLB DISC NTE 02/07/2020 1.630 50,000,000.00 49,771,347.22 99.848000 49,924,000.00 152,652.78 FHLB DISC NTE 01/15/2020 1.630 50,000,000.00 49,823,416.67 99.946000 49,973,000.00 149,583.33 FHLB DISC NTE 02/14/2020 1.580 50,000,000.00 49,765,194.44 99.818000 49,909,000.00 143,805.56 FHLB DISC NTE 05/01/2020 1.530 25,000,000.00 24,809,812.50 99.477000 24,869,250.00 59,437.50 FHLB DISC NTE 05/06/2020 1.569 25,000,000.00 24,801,695.83 99.455000 24,863,750.00 62,054.17 FHLB DISC NTE 02/12/2020 1.560 25,000,000.00 24,901,416.67 99.827000 24,956,750.00 55,333.33 FHLB DISC NTE 02/12/2020 1.572 25,000,000.00 24,900,658.33 99.827000 24,956,750.00 56,091.67 FHLB DISC NTE 06/05/2020 1.550 50,000,000.00 49,608,194.44 99.320000 49,660,000.00 51,805.56 FHLB DISC NTE 05/04/2020 1.570 50,000,000.00 49,686,000.00 99.464000 49,732,000.00 46,000.00 FHLB DISC NOTE 02/25/2020 1.585 50,000,000.00 49,861,312.50 99.772000 49,886,000.00 24,687.50 FHLB DISC NOTE 03/30/2020 1.585 50,000,000.00 49,786,465.28 99.619000 49,809,500.00 23,034.72 1700: FHLB-DISC NOTE 313384WG0 313384WM7 1525: FNMA-Fxd-S 30/360 3135G0T78 3135G0T94 1565: FNMA-STEP%-S 30/360 1465: FHLMC-STEP%-S30/360 3134GATB0 3134GATA2 313384RH4 313384WK1 313384TN9 313384SZ3 313384XT1 313384TB5 3134GT5P4 313384TB5 313384SE0 313384SK6 3134GUYX2 3134GUG38 3134GAPM0 3134GBYK2 3136G3ZW8 313384RV3 3134G95W3 3134GAUA0 3134GUFS4 3134G96A0 3134GAEB6 .342 1.592 .247.243 .334 1.582 .342 .348 1.589 1.578 .151 .153 1.566 .116 .118 .430 .116 .118 1.562 1.580 .337 1.646 .040 .041 1.618 .121 .423 1.637 .102 1.542 .329 .041 .040 .041 1.587 .121 .123 .104 1.636 1.656 .024 .025 1.633 .121 .123 .123 1.646 .040 1.655 .065 .066 1.915 .008 .008 1.885 .027 .027 2.049 .078 .079 1.750 1.540 1.573 1.643 1.541 1.573 1.500 1.542 1.573 2.056 2.021 2.136 2.333 3.466 3.701 2.000 .179 .181 2.322 2.657 2.764 4.562 4.830 2.893 3.0552.495 .074 1.350 .526 1.911 .057 .058 1.913 .534 1.604 .572 .581 1.800 .073 2.399 3.456 3.605 1.695 1.620 1.658 1.879 1.918 1.625 1.865 1.907 2.000 2.414 2.512 1.625 1.625 1.821 1.863 1.625 1.787 1.825 1.625 1.785 1.825 1.625 1.787 1.825 1.625 1.787 1.825 1.625 1.785 1.825 1.750 1.781 1.819 1.625 1.787 1.825 1.750 1.715 1.751 3134GAPM0 1.750 1.781 1.819 3134GANB6 1.625 1.714 1.751 3134GADP6 3134GAET7 1.750 1.713 1.7513134GAKY9 1.750 .925 .940 1.625 1.664 1.704 1.500 1.616 1.652 1.625 1.616 1.652 1.750 1.576 1.611 3134G9U47 1.625 1.615 1.652 3134G9T23 1.500 1.578 1.611 3134G9S57 1.750 .600 .611 3134G9R66 1.750 1.476 1.4993134G9UM7 3134G9S40 1.750 .564 .573 1.750 1.415 1.441 3134G9JW8 1.750 1.377 1.400 3134G9JX6 2.027 2.917 3.073 1.900 3.826 3.995 3134GUM72 1.900 3.826 3.995 3134GUH45 1.822 3.355 3.479 3134GUYT1 2.150 4.717 5.003 3134GUG38 2.000 4.250 4.471 1.800 3.355 3.479 1.900 2.823 2.923 1.900 3.782 3.951 1.800 3.749 3.910 3134GUTX8 1.684 3.529 3.660 2.000 1.758 1.808 2.125 4.555 4.836 2.050 1.719 1.770 1.875 4.542 4.795 1.860 2.607 2.704 1.920 4.515 4.773 2.125 4.420 4.704 3136G4TY9 3136G3XT7 3134GASF2 3134GUFQ8 3134GT6N8 3134GATA2 3134GAQV9 3134GAQV9 3134GASF2 3134G92T3 3134GUWS5 3135G0U43 3135G0A78 3134GUMY3 3134GUWP1 3134GUWR7 313384UY3 313384TB5 313384RV3 3134GUHK9 3134GUKC3 3136G3WC5 3135G0T60 3135G0S46 3135G0UU5 3134GAYF5 313384RQ4 313384SU4 313384RV3 313384RP6 313384SZ3 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 10 97 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss CUSIP Yield To Mat Modified Duration Years To Maturity Month End Portfolio Holdings 1.646 775,000,000.00 771,107,526.30 99.779845 773,293,800.00 2,186,273.70 FHLB 5Yr 04/05/2021 1.375 5,000,000.00 4,996,350.00 99.655000 4,982,750.00 -13,600.00 FHLB 4Yr 04/06/2020 1.200 10,000,000.00 9,996,000.00 99.891000 9,989,100.00 -6,900.00 FHLB 2.75YrNc9MoE 05/22/2020 1.600 5,000,000.00 5,000,000.00 99.990000 4,999,500.00 -500.00 FHLB 3YrNc1YrE 08/28/2020 2.000 10,000,000.00 10,061,000.00 100.247000 10,024,700.00 -36,300.00 FHLB 3YrNc1YrE 08/28/2020 1.650 5,000,000.00 5,000,000.00 100.021000 5,001,050.00 1,050.00 FHLB 2.5Yr 05/29/2020 1.613 10,000,000.00 9,950,500.00 99.980000 9,998,000.00 47,500.00 FHLB 2.58YrNc1MoB 06/29/2020 1.650 5,350,000.00 5,321,270.50 100.047000 5,352,514.50 31,244.00 FHLB 4.5 Yr 06/10/2022 2.125 7,975,000.00 7,955,620.75 101.152000 8,066,872.00 111,251.25 FHLB 3Yr 01/25/2021 2.200 15,000,000.00 14,994,900.00 100.570000 15,085,500.00 90,600.00 FHLB 3Yr 03/12/2021 2.375 10,000,000.00 9,968,000.00 100.861000 10,086,100.00 118,100.00 FHLB 3Yr 03/12/2021 2.375 10,000,000.00 9,966,500.00 100.861000 10,086,100.00 119,600.00 FHLB 4.08Yr 03/11/2022 2.500 10,000,000.00 9,954,700.00 101.877000 10,187,700.00 233,000.00 FHLB 4.9Yr 03/10/2023 2.125 11,750,000.00 11,432,397.50 101.693000 11,948,927.50 516,530.00 FHLB 3Yr 05/07/2021 2.700 7,650,000.00 7,644,492.00 101.464000 7,761,996.00 117,504.00 FHLB 3Yr 05/07/2021 2.700 10,000,000.00 9,999,100.00 101.464000 10,146,400.00 147,300.00 FHLB 4.17Yr 09/29/2022 1.650 15,730,000.00 14,940,354.00 99.521000 15,654,653.30 714,299.30 FHLB 4.9YrNc1Mo 07/28/2023 1.800 3,700,000.00 3,504,196.00 99.756000 3,690,972.00 186,776.00 FHLB 4.5Yr 06/09/2023 2.050 10,000,000.00 9,540,100.00 99.839000 9,983,900.00 443,800.00 FHLB 11Mo 03/30/2020 2.375 47,210,000.00 47,186,395.00 100.191000 47,300,171.10 113,776.10 FHLB 2.91Yr 03/11/2022 2.500 30,000,000.00 30,158,100.00 101.877000 30,563,100.00 405,000.00 FHLB 2YrNc6MoB 09/23/2021 2.050 25,000,000.00 25,000,000.00 100.092000 25,023,000.00 23,000.00 FHLB 2.9YrNc5MoB 08/26/2022 2.000 25,000,000.00 24,985,000.00 100.007000 25,001,750.00 16,750.00 FHLB 1.66YrNc5MoQ 06/23/2021 2.000 25,000,000.00 24,996,250.00 100.082000 25,020,500.00 24,250.00 FHLB 5YrNc1YrQ 10/21/2024 2.000 10,000,000.00 10,000,000.00 100.021000 10,002,100.00 2,100.00 FHLB 5YrNc1YrQ 10/21/2024 2.000 10,000,000.00 10,000,000.00 100.021000 10,002,100.00 2,100.00 FHLB 5YrNc1YrQ 10/28/2024 2.000 10,000,000.00 10,000,000.00 100.021000 10,002,100.00 2,100.00 FHLB 5YrNc3MoQ 10/29/2024 2.125 15,000,000.00 15,000,000.00 100.011000 15,001,650.00 1,650.00 FHLB 5YrNc2YrQ 10/29/2024 1.800 25,000,000.00 25,000,000.00 99.915000 24,978,750.00 -21,250.00 FHLB 3YrNc6MoQ 10/28/2022 2.000 50,000,000.00 50,000,000.00 100.047000 50,023,500.00 23,500.00 FHLB 1.75YrNc9MoB 08/27/2024 1.875 11,200,000.00 11,194,400.00 99.542000 11,148,704.00 -45,696.00 FHLB 5YrNc3MoB 11/27/2024 2.100 10,000,000.00 10,000,000.00 100.004000 10,000,400.00 400.00 FHLB 5YrNc3MoB 11/27/2024 2.100 10,000,000.00 10,000,000.00 100.004000 10,000,400.00 400.00 FHLB 5YrNc2MoB 11/27/2024 2.100 10,000,000.00 10,000,000.00 100.004000 10,000,400.00 400.00 FHLB 1.6 YrNc2MoB 08/25/2021 1.700 25,000,000.00 24,985,000.00 100.007000 25,001,750.00 16,750.00 FHLB 4.5YrNc1YrA 06/11/2024 1.850 15,000,000.00 15,000,000.00 99.710000 14,956,500.00 -43,500.00 FHLB 5YrNc1YrA 12/16/2024 1.940 10,000,000.00 10,000,000.00 100.023000 10,002,300.00 2,300.00 FHLB 5YrNc1YrA 12/23/2024 1.970 5,000,000.00 5,000,000.00 99.958000 4,997,900.00 -2,100.00 FHLB 5YrNc3MoB 12/30/2024 2.125 5,000,000.00 5,000,000.00 99.929000 4,996,450.00 -3,550.00 FHLB 5YrNc3MoB 12/30/2024 2.125 5,000,000.00 5,000,000.00 99.929000 4,996,450.00 -3,550.00 2.050 540,565,000.00 538,730,625.75 100.277804 542,066,710.40 3,336,084.65 FHLB 3.4YrNc2MoB 11/08/2021 1.750 10,000,000.00 9,690,500.00 99.993000 9,999,300.00 308,800.00 1.750 10,000,000.00 9,690,500.00 99.993000 9,999,300.00 308,800.00 FHLB 4Yr 09/22/2020 1.935 10,000,000.00 10,000,000.00 100.139000 10,013,900.00 13,900.00 FHLB 4Yr 09/22/2020 1.935 15,000,000.00 15,000,000.00 100.139000 15,020,850.00 20,850.00 FHLB 4Yr 09/28/2020 1.955 10,000,000.00 10,000,000.00 100.141000 10,014,100.00 14,100.00 FHLB 4Yr 09/28/2020 1.955 15,000,000.00 15,000,000.00 100.141000 15,021,150.00 21,150.00 1.945 50,000,000.00 50,000,000.00 100.140000 50,070,000.00 70,000.00 FHLB 3Yr 07/01/2020 2.224 25,000,000.00 25,000,000.00 100.161000 25,040,250.00 40,250.00 2.224 25,000,000.00 25,000,000.00 100.161000 25,040,250.00 40,250.00 FFCB DISC NTE 01/13/2020 1.850 50,000,000.00 49,676,250.00 99.954000 49,977,000.00 300,750.00 FFCB DISC NTE 06/22/2020 1.530 25,000,000.00 24,755,625.00 99.245000 24,811,250.00 55,625.00 FFCB DISC NTE 06/17/2020 1.570 25,000,000.00 24,768,861.11 99.267000 24,816,750.00 47,888.89 1.700 100,000,000.00 99,200,736.11 99.605000 99,605,000.00 404,263.89 FFCB 4YrNc1YrA 04/27/2020 1.420 7,700,000.00 7,700,000.00 99.954000 7,696,458.00 -3,542.00 FFCB 4YrNc1YrA 08/24/2020 1.320 10,000,000.00 10,000,000.00 99.748000 9,974,800.00 -25,200.00 FFCB 4YrNc1YrA 09/21/2020 1.350 10,000,000.00 10,000,000.00 99.866000 9,986,600.00 -13,400.00 FFCB 4YrNc1YrA 10/13/2020 1.340 15,000,000.00 15,000,000.00 99.867000 14,980,050.00 -19,950.00 FFCB 4YrNc3MoA 11/02/2020 1.380 10,000,000.00 10,000,000.00 99.699000 9,969,900.00 -30,100.00 FFCB 4YrNc1YrA 12/07/2020 1.770 10,000,000.00 10,000,000.00 99.968000 9,996,800.00 -3,200.00 FFCB 2.5Yr 01/17/2020 1.520 10,000,000.00 10,000,000.00 99.996000 9,999,600.00 -400.00 FFCB 3Yr 08/10/2020 1.550 5,000,000.00 5,000,000.00 100.005000 5,000,250.00 250.00 FFCB 3Yr 03/20/2020 1.450 20,000,000.00 19,970,400.00 99.994000 19,998,800.00 28,400.00 FFCB 3Yr 10/26/2020 1.750 20,000,000.00 19,994,000.00 100.087000 20,017,400.00 23,400.00 FFCB 4Yr 01/12/2022 2.200 10,000,000.00 9,938,000.00 101.209000 10,120,900.00 182,900.00 FFCB 3Yr 03/01/2021 2.500 10,000,000.00 9,999,700.00 101.076000 10,107,600.00 107,900.00 FFCB 2.8Yr 02/12/2021 2.350 15,000,000.00 14,948,670.00 100.861000 15,129,150.00 180,480.00 FFCB 5Yr 04/11/2023 2.700 10,000,000.00 9,990,300.00 103.394000 10,339,400.00 349,100.00 FFCB 3Yr 05/10/2021 2.700 10,000,000.00 9,986,600.00 101.526000 10,152,600.00 166,000.00 FFCB 5Yr 10/02/2023 3.050 10,000,000.00 9,979,300.00 105.117000 10,511,700.00 532,400.00 FFCB 2.9Yr 11/15/2021 3.050 10,000,000.00 10,035,700.00 102.629000 10,262,900.00 227,200.00 FFCB 1.5Yr 06/24/2020 2.750 10,000,000.00 9,999,000.00 100.582000 10,058,200.00 59,200.00 FFCB 1Yr 02/27/2020 2.520 10,000,000.00 9,996,600.00 100.180000 10,018,000.00 21,400.00 FFCB 5YrNc2YrA 06/21/2024 2.220 10,000,000.00 10,000,000.00 100.190000 10,019,000.00 19,000.00 FFCB 3Yr 09/06/2022 1.500 14,435,000.00 14,422,874.60 99.720000 14,394,582.00 -28,292.60 FFCB 4YrNc1YrA 09/11/2023 1.900 10,000,000.00 10,000,000.00 100.012000 10,001,200.00 1,200.00 FFCB 5YrNc1YrA 10/15/2024 1.920 10,000,000.00 10,000,000.00 99.310000 9,931,000.00 -69,000.00 FFCB 5YrNc2YrA 10/28/2024 1.820 10,000,000.00 10,000,000.00 99.627000 9,962,700.00 -37,300.00 1725: FHLB-Fxd-S 30/360 3133EHJ95 3133EJEM7 3133EJCE7 3133EGC94 3133EGR49 3133EHUL5 3133EHZN6 3130AC2C7 3130A9FR7 3130A9FR7 3133EGXX8 3133EF5D5 3130AHT78 3130AHT78 1765: FHLB-STEP%-S 30/360 3130ACBD5 313379Q69 3130AE6U9 3130A9M40 3130ABY34 313382AX1 3133EJT74 3133EK2A3 3133EK4B9 3133EKRP3 3133EKM45 3133EKM94 3130AGYJ8 313378WG2 3130AHGS6 3130AHM59 3130AHMR1 3130AHG56 1770: FHLB-Var-Q A/360 3130AHMM2 3130A94N8 3133EKBU9 4.537 4.795 1.820 4.585 4.830 1.920 4.477 1.529 2.605 2.685 1.900 3.532 3.699 2.220 4.233 1.877 2.757 .475 .482 2.555 .157 .159 2.922 1.801 3.279 2.747 1.320 1.359 3.095 3.494 3.756 2.721 3.099 1.954 2.036 2.501 1.134 1.167 2.474 1.083 1.121 2.365 .217 .219 1.760 .808 .822 1.511 .046 .047 1.550 .600 .611 1.520 1.380 .827 .841 1.770 .921 .937 .640 .649 1.350 .714 .726 1.340 .775 .786 1.320 .455 .463 1.545 1.420 .321 .323 1.862 .035 .036 1.714 .248 .252 .477 .501 2.224 .735 .737 .744 .501 2.224 .722 .729 .729 1.955 .747 1.945 1.955 .747 .745 1.935 2.125 4.720 3.363 1.803 1.858 .745 1.935 3.363 1.803 1.858 5.003 2.137 2.467 2.581 4.984 2.125 4.720 5.003 1.970 4.717 4.449 1.940 4.702 4.964 1.850 4.244 4.912 1.735 1.611 1.652 2.100 4.630 1.886 4.430 4.660 4.912 2.100 4.630 4.912 2.100 4.630 1.800 4.590 4.833 2.000 2.725 2.827 2.000 4.562 4.830 2.125 4.549 4.833 2.000 4.543 4.811 2.000 4.543 4.811 2.021 2.555 2.655 2.009 1.453 1.479 2.308 2.109 2.195 2.050 1.680 1.732 3.147 3.280 3.441 2.429 .243 .247 2.929 2.644 2.748 2.965 3.399 3.575 2.725 1.312 1.351 2.703 1.312 1.351 2.619 2.106 2.195 2.716 3.041 3.192 2.212 1.039 1.071 1.165 1.197 2.489 1.165 1.197 2.484 1.813 .407 .411 2.182 2.364 2.444 1.861 .491 .496 1.600 .388 .392 1.790 .656 .660 1.650 .657 .660 1.210 .264 .266 1.654 .145.143 1.390 1.242 1.263 .722 .744 1.585 .469 3130AHE33 3130AE6U9 313312YF1 3130AHG64 3130A9FU0 3130A8NF6 3130A0XD7 3130AH5D1 3130A9FM8 3130AHMR1 3130AHG31 313378WG2 3130AH5N9 3130AHQR7 3130AHN66 3130AHMR1 3130ADUJ9 3130A7PU3 3130ABZE9 3130A7PV1 3130ADFW7 3130A0XD7 3130A8R54 3130A8CK7 3130AHE66 3133EH6X6 3133EJKN8 3130A9TV3 3133EHRK1 3133EJNS4 3133EJD48 3133EJ3L1 3130ABYZ3 1767: FHLB-Var-M A/360 313312RT9 313312YL8 3133EGSA4 3133EGVK8 1900: FFCB-DISC NOTE 1925: FFCB-Fxd-S 30/360 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 11 98 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss CUSIP Yield To Mat Modified Duration Years To Maturity Month End Portfolio Holdings FFCB 4.9Yr 09/17/2024 1.600 6,128,000.00 6,107,471.20 99.250000 6,082,040.00 -25,431.20 FFCB 4YrNc1YrA 10/30/2023 1.930 5,000,000.00 5,000,000.00 99.595000 4,979,750.00 -20,250.00 FFCB 4.9Yr 09/10/2024 2.080 2,064,000.00 2,101,585.44 101.574000 2,096,487.36 -5,098.08 FFCB 1.5YrNc3MoA 05/13/2021 1.670 50,000,000.00 49,947,500.00 99.968000 49,984,000.00 36,500.00 FFCB 1YrNc6MoA 11/19/2020 1.660 50,000,000.00 50,000,000.00 100.020000 50,010,000.00 10,000.00 FFCB 2.25YrNc3MoA 02/14/2022 1.770 50,000,000.00 49,975,000.00 99.920000 49,960,000.00 -15,000.00 FFCB 4.75YrNc3MoA 08/26/2024 1.970 15,000,000.00 14,985,000.00 99.931000 14,989,650.00 4,650.00 FFCB 3YrNc3MoA 12/12/2022 1.770 25,000,000.00 24,957,500.00 99.970000 24,992,500.00 35,000.00 1.869 470,327,000.00 470,035,201.24 100.297031 471,724,017.36 1,688,816.12 FFCB 4Yr 04/01/2020 1.944 25,000,000.00 25,000,000.00 100.041000 25,010,250.00 10,250.00 FFCB 4Yr 04/13/2020 1.986 50,000,000.00 50,000,000.00 100.048000 50,024,000.00 24,000.00 FFCB 5Yr 05/25/2021 2.062 10,000,000.00 10,000,000.00 100.273000 10,027,300.00 27,300.00 FFCB 5Yr 05/25/2021 2.062 10,000,000.00 10,000,000.00 100.273000 10,027,300.00 27,300.00 FFCB 3.9Yr 01/18/2022 1.985 15,000,000.00 15,139,095.00 100.224000 15,033,600.00 -105,495.00 FFCB 5Yr 02/21/2023 1.855 15,000,000.00 15,000,000.00 99.607000 14,941,050.00 -58,950.00 FFCB 3.5Yr 10/04/2021 1.719 15,000,000.00 15,000,000.00 99.880000 14,982,000.00 -18,000.00 1.946 140,000,000.00 140,139,095.00 100.032500 140,045,500.00 -93,595.00 FFCB 2Yr 09/24/2021 1.680 15,000,000.00 15,000,000.00 99.965000 14,994,750.00 -5,250.00 FFCB 3Yr 11/07/2022 1.850 25,000,000.00 25,000,000.00 99.943000 24,985,750.00 -14,250.00 FFCB 3Yr 11/07/2022 1.850 25,000,000.00 25,000,000.00 99.943000 24,985,750.00 -14,250.00 FFCB 3Yr 11/07/2022 1.850 25,000,000.00 25,000,000.00 99.943000 24,985,750.00 -14,250.00 FFCB 3Yr 11/07/2022 1.850 15,000,000.00 15,000,000.00 99.943000 14,991,450.00 -8,550.00 FFCB 3Yr 11/07/2022 1.850 25,000,000.00 25,000,000.00 99.943000 24,985,750.00 -14,250.00 FFCB 3Yr 12/09/2022 1.860 9,000,000.00 9,000,000.00 99.951000 8,995,590.00 -4,410.00 FFCB 3Yr 12/09/2022 1.860 24,000,000.00 24,000,000.00 99.951000 23,988,240.00 -11,760.00 FFCB 3Yr 12/09/2022 1.860 24,000,000.00 24,000,000.00 99.951000 23,988,240.00 -11,760.00 FFCB 3Yr 12/09/2022 1.860 24,000,000.00 24,000,000.00 99.951000 23,988,240.00 -11,760.00 FFCB 3Yr 12/09/2022 1.860 14,000,000.00 14,000,000.00 99.951000 13,993,140.00 -6,860.00 FFCB 3Yr 12/09/2022 1.860 24,000,000.00 24,000,000.00 99.951000 23,988,240.00 -11,760.00 1.845 249,000,000.00 249,000,000.00 99.948149 248,870,890.00 -129,110.00 FAMCA 2.08Yr 02/03/2020 1.970 15,000,000.00 15,000,000.00 100.030000 15,004,500.00 4,500.00 FAMCA 1.58Yr 01/02/2020 2.530 20,000,000.00 20,000,000.00 100.000000 20,000,000.00 0.00 FAMCA 4.9Yr 06/30/2023 2.850 10,000,000.00 9,947,900.00 104.077000 10,407,700.00 459,800.00 FAMCA 2.91Yr 07/23/2021 2.840 10,000,000.00 9,993,300.00 101.902000 10,190,200.00 196,900.00 FAMCA 1.16Yr 03/16/2020 2.640 15,000,000.00 15,000,000.00 100.225000 15,033,750.00 33,750.00 FAMCA 1.08Yr 05/29/2020 2.430 25,000,000.00 25,000,000.00 100.297000 25,074,250.00 74,250.00 FAMCA 1.08YrNc4MoB 01/13/2021 1.700 40,000,000.00 40,000,000.00 100.021000 40,008,400.00 8,400.00 2.262 135,000,000.00 134,941,200.00 100.532444 135,718,800.00 777,600.00 FAMCA 2.5 Yr 06/02/2020 1.849 25,000,000.00 25,063,500.00 100.002000 25,000,500.00 -63,000.00 FAMCA 3Yr 04/23/2021 1.842 25,000,000.00 25,000,000.00 99.971000 24,992,750.00 -7,250.00 FAMCA 3Yr 05/10/2021 1.735 10,000,000.00 10,000,000.00 99.925000 9,992,500.00 -7,500.00 1.827 60,000,000.00 60,063,500.00 99.976250 59,985,750.00 -77,750.00 HAWAII STATE 04/01/2020 1.660 5,055,000.00 5,055,000.00 100.000000 5,055,000.00 0.00 RHODE ISLAND STATE 05/01/2020 1.625 2,660,000.00 2,670,719.80 100.403000 2,670,719.80 0.00 GEORGIA STATE 07/01/2020 3.000 6,825,000.00 7,254,770.25 106.297000 7,254,770.25 0.00 HAWAII STATE 10/01/2020 1.370 2,250,000.00 2,254,320.00 100.192000 2,254,320.00 0.00 STATE OF CALIFORNIA 04/01/2021 2.625 14,400,000.00 14,688,720.00 102.005000 14,688,720.00 0.00 RHODE ISLAND ST & PROV PLANT 04/01/2020 2.750 3,065,000.00 3,082,378.55 100.567000 3,082,378.55 0.00 RHODE ISLAND ST & PROV PLANT 04/01/2021 2.750 3,150,000.00 3,167,766.00 100.564000 3,167,766.00 0.00 STATE OF CALIFORNIA 04/01/2021 2.800 16,000,000.00 16,000,640.00 100.004000 16,000,640.00 0.00 STATE OF CALIFORNIA 04/01/2021 2.625 1,795,000.00 1,784,301.80 99.404000 1,784,301.80 0.00 STATE OF CALIFORNIA 04/01/2022 2.367 1,500,000.00 1,468,800.00 97.920000 1,468,800.00 0.00 CITY OF LOS ANGELES 09/01/2021 4.000 8,915,000.00 9,200,993.20 103.208000 9,200,993.20 0.00 STATE OF CALIFORNIA 04/01/2022 2.367 17,695,000.00 17,256,340.95 97.521000 17,256,340.95 0.00 STATE OF CALIFORNIA 04/01/2022 2.367 25,000,000.00 24,275,250.00 97.101000 24,275,250.00 0.00 STATE OF CALIFORNIA 04/01/2021 2.800 10,825,000.00 10,852,170.75 100.251000 10,852,170.75 0.00 STATE OF HAWAII 01/01/2021 3.250 12,745,000.00 12,864,165.75 100.935000 12,864,165.75 0.00 STATE OF HAWAII 01/01/2022 2.770 3,500,000.00 3,500,000.00 100.000000 3,500,000.00 0.00 STATE OF HAWAII 01/01/2020 2.650 7,500,000.00 7,500,000.00 100.000000 7,500,000.00 0.00 STATE OF CALIFORNIA 04/01/2020 1.800 14,830,000.00 14,729,897.50 99.325000 14,729,897.50 0.00 GAVILAN CMNTY CLG GO 08/01/2020 2.470 1,650,000.00 1,650,000.00 100.000000 1,650,000.00 0.00 GARDEN GROVE USD 08/01/2020 1.875 1,000,000.00 1,000,000.00 100.000000 1,000,000.00 0.00 SONOMA CO JUNIOR GO 08/01/2020 1.837 700,000.00 700,000.00 100.000000 700,000.00 0.00 2.584 161,060,000.00 160,956,234.55 99.935573 160,956,234.55 0.00 APPLE 01/15/2020 2.430 30,000,000.00 29,518,050.00 99.933889 29,980,166.67 462,116.67 NATL SEC CLEARING CORP 01/09/2020 2.100 25,000,000.00 24,721,458.33 99.962222 24,990,555.56 269,097.23 NATL SEC CLEARING CORP 01/13/2020 1.950 50,000,000.00 49,585,625.00 99.943333 49,971,666.67 386,041.67 NATL SEC CLEARING CORP 01/15/2020 1.950 25,000,000.00 24,790,104.17 99.933889 24,983,472.22 193,368.05 APPLE 01/24/2020 1.980 55,000,000.00 54,506,925.00 99.891389 54,940,263.89 433,338.89 NATL SEC CLEARING CORP 01/15/2020 1.950 35,000,000.00 34,709,937.50 99.933889 34,976,861.11 266,923.61 NATL SEC CLEARING CORP 01/24/2020 1.910 15,000,000.00 14,879,829.17 99.891389 14,983,708.33 103,879.16 CHEVRON 01/29/2020 1.950 33,247,000.00 32,982,270.76 99.867778 33,203,040.08 220,769.32 CHEVRON 01/08/2020 1.950 15,000,000.00 14,903,312.50 99.966944 14,995,041.67 91,729.17 EXXON MOBIL 01/13/2020 1.940 25,000,000.00 24,859,888.89 99.943333 24,985,833.33 125,944.44 EXXON MOBIL 01/24/2020 1.940 50,000,000.00 49,690,138.89 99.891389 49,945,694.44 255,555.55 EXXON MOBIL 01/22/2020 1.940 50,000,000.00 49,700,916.67 99.900833 49,950,416.67 249,500.00 APPLE 02/10/2020 1.780 25,000,000.00 24,844,250.00 99.811111 24,952,777.78 108,527.78 APPLE 01/14/2020 1.780 25,000,000.00 24,878,861.11 99.938611 24,984,652.78 105,791.67 76222RUM2 3733845L6 3020: COMMERCIAL PAPER 1930: FFCB-Var-M A/360 3133EGCE3 3133EG4C6 1936: FFCB-Var-SOFR-Q A/360 3133ELCX0 3132X0U90 31422BRH5 3132X02Y6 1965: FMAC-Var-M A/360 2350: MUNIS-S 30/360 16677JA89 63763PA90 63763PAD1 419792YJ9 30229AAQ2 30229AAN9 3133EK7L4 3133EF2Z9 3133EKQA7 3133ELBA1 63763PAF6 3133EK6Y7 3132X0S77 3133EKP75 3133EGCE3 3133EJJE0 3133EK6V3 03785DAE6 3133EK5Y8 1.842 1.998 .40631422BEP1 .005 1.860 .331 .576 .003 1.293 .064 1.837 1.791 .064 1.966 2.650 .038 .079 1.789 .078 .036 1.952 .064 .066 .038 1.952 .060 .112.110 .059 .066 1.951 .035 .066 1.963 .021 .022 1.925 .040 1.966 .041 1.966 2.124 .024 .025 1.967 .040 .041 .035 .036 2.470 .040 .041 .586 2.629 1.222 1.270 2.470 .570 .586 1.875 .575 .586 .003 2.501 .249 .252 1.252 2.733 .970 1.005 2.770 1.916 2.005 2.158 2.252 3.290 2.156 2.252 3.120 1.2132.680 2.252 2.919 1.586 1.671 2.850 1.213 1.252 2.960 2.160 1.252 2.799 1.212 1.252 2.011 1.218 1.252 2.451 2.551 1.214 .334 .249 .252 1.370 .492 .501 1.319 .742 .753 1.520 1.660 .250 .252 1.735 1.338 1.359 1.616 .936 .949 1.312 .411 1.700 1.012 1.038 1.341 .418 .422 2.275 .773 .802 3.499 2.864 1.498 1.562 2.640 .205 .208 .0052.530 1.845 2.738 1.970 .092 .093 2.942 1.860 2.849 2.829 1.860 2.849 2.849 2.942 2.942 1.860 2.849 1.850 2.760 2.855 2.942 1.860 2.849 2.942 1.860 2.849 2.942 1.850 2.760 2.855 1.850 2.760 2.855 1.850 2.760 2.855 1.850 2.760 2.855 3.052 3.145 1.898 1.085 1.092 1.680 1.697 1.734 1.719 1.725 1.762 2.062 1.391 1.400 1.533 2.007 2.052 1.855 1.944 .333 2.062 1.391 1.400 .252 1.986 .283 .285 1.897 1.774 1.842 1.992 4.416 4.658 1.829 2.856 2.951 1.660 .872 .888 1.793 2.079 2.126 1.688 4.431 4.699 1.741 1.343 1.367 1.672 4.498 4.718 1.930 3.667 3.833 2.964 3.307 2.430 3133EFT56 03785DBA3 13063DAC2 3133EJDG1 3133ELCX0 3133ELCX0 3132X03B5 419792NF9 3133ELCX0 13063DGA0 419792YL4 3133EK4A1 3133EK6V3 3133EK6V3 3132X04F5 31422BBR0 3133ELDE1 3133EKT63 3133EK6V3 13063DAD0 419792YK6 13063CSQ4 76222RWT5 13063DAC2 13063DAD0 13063DAD0 365298X94 835569GM0 03785DAF3 63763PAQ2 16677JAV8 30229AAD1 03785DAQ9 63763PAF6 3133EK6V3 3133ELCX0 3132X0C74 3133ELCX0 1950: FMAC-Fxd-S 30/360 3132X0AT8 419792JH0 368079HQ5 13063DGA0 76222RWU2 544351MM8 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 12 99 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss CUSIP Yield To Mat Modified Duration Years To Maturity Month End Portfolio Holdings APPLE 02/10/2020 1.760 25,000,000.00 24,847,222.22 99.811111 24,952,777.78 105,555.56 APPLE 01/09/2020 1.790 11,347,000.00 11,294,529.58 99.962222 11,342,713.36 48,183.78 NATL SEC CLEARING CORP 02/26/2020 1.800 25,000,000.00 24,833,750.00 99.735556 24,933,888.89 100,138.89 APPLE 01/09/2020 1.770 20,000,000.00 19,918,383.33 99.962222 19,992,444.44 74,061.11 APPLE 01/09/2020 1.770 15,000,000.00 14,941,737.49 99.962222 14,994,333.33 52,595.84 NATL SEC CLEARING CORP 01/15/2020 1.780 10,000,000.00 9,958,466.67 99.933889 9,993,388.89 34,922.22 NATL SEC CLEARING CORP 01/15/2020 1.780 10,000,000.00 9,958,466.67 99.933889 9,993,388.89 34,922.22 EXXON MOBIL 02/21/2020 1.810 50,000,000.00 49,698,333.33 99.759167 49,879,583.33 181,250.00 EXXON MOBIL 02/03/2020 1.800 10,000,000.00 9,949,000.00 99.844167 9,984,416.67 35,416.67 APPLE 02/06/2020 1.750 10,000,000.00 9,948,958.33 99.830000 9,983,000.00 34,041.67 EXXON MOBIL 03/05/2020 1.690 22,000,000.00 21,876,066.67 99.687111 21,931,164.44 55,097.77 EXXON MOBIL 03/05/2020 1.690 20,000,000.00 19,888,272.22 99.687111 19,937,422.22 49,150.00 CHEVRON 05/07/2020 1.650 94,000,000.00 93,220,191.67 99.350889 93,389,835.56 169,643.89 APPLE 02/12/2020 1.610 40,000,000.00 39,847,944.44 99.801667 39,920,666.67 72,722.23 CHEVRON 02/14/2020 1.590 34,000,000.00 33,870,856.67 99.792222 33,929,355.56 58,498.89 NATL SEC CLEARING CORP 05/20/2020 1.750 35,000,000.00 34,690,347.22 99.284444 34,749,555.56 59,208.34 TOYOTA MOTOR CORP 05/18/2020 1.830 50,000,000.00 49,545,041.67 99.294667 49,647,333.33 102,291.66 ARMY AIR FORCE EXCHANGE 01/24/2020 1.670 25,000,000.00 24,930,416.75 99.891389 24,972,847.22 42,430.47 NATL SEC CLEARING CORP 02/24/2020 1.750 20,000,000.00 19,912,500.00 99.745000 19,949,000.00 36,500.00 TOYOTA MOTOR CORP 01/22/2020 1.840 50,000,000.00 49,854,333.33 99.900833 49,950,416.67 96,083.34 NATL SEC CLEARING CORP 03/11/2020 1.750 25,000,000.00 24,879,687.50 99.657778 24,914,444.44 34,756.94 TOYOTA MOTOR CORP 05/06/2020 1.860 50,000,000.00 49,599,583.33 99.356000 49,678,000.00 78,416.67 APPLE 03/06/2020 1.620 20,000,000.00 19,916,300.00 99.682222 19,936,444.44 20,144.44 BANK OF NEW YORK MELLON NA 01/06/2020 1.600 100,000,000.00 99,862,222.22 99.976389 99,976,388.89 114,166.67 NATL SEC CLEARING CORP 05/15/2020 1.800 20,000,000.00 19,842,000.00 99.310000 19,862,000.00 20,000.00 APPLE 03/06/2020 1.620 25,000,000.00 24,901,000.00 99.682222 24,920,555.56 19,555.56 BANK OF NEW YORK MELLON 01/10/2020 1.650 50,000,000.00 49,928,958.33 99.957500 49,978,750.00 49,791.67 BANK OF NEW YORK MELLON 01/02/2020 1.650 50,000,000.00 49,947,291.67 99.995278 49,997,638.89 50,347.22 NATL SEC CLEARING CORP 03/30/2020 1.770 19,287,000.00 19,182,689.48 99.564889 19,203,080.12 20,390.64 BANK OF NEW YORK MELLON 01/10/2020 1.650 30,000,000.00 29,960,125.00 99.957500 29,987,250.00 27,125.00 TOYOTA MOTOR CORP 06/12/2020 1.860 20,000,000.00 19,816,066.67 99.166889 19,833,377.78 17,311.11 COCA-COLA CO 01/15/2020 1.610 17,955,000.00 17,931,713.36 99.933889 17,943,129.75 11,416.39 CHEVRON CORP 05/18/2020 1.700 20,000,000.00 19,856,444.44 99.294667 19,858,933.33 2,488.89 ARMY AIR FORCE EXCHANGE 02/18/2020 1.700 25,000,000.00 24,929,166.67 99.773333 24,943,333.33 14,166.66 NATL SEC CLEARING CORP 02/10/2020 1.860 3,360,000.00 3,351,667.20 99.811111 3,353,653.33 1,986.13 1.791 1,510,196,000.00 1,501,461,302.12 99.765770 1,506,658,663.87 5,197,361.75 MICROSOFT CORP 02/06/2020 1.850 6,350,000.00 6,297,739.50 99.996000 6,349,746.00 52,006.50 MICROSOFT CORP 02/06/2020 1.850 6,000,000.00 5,951,100.00 99.996000 5,999,760.00 48,660.00 MICROSOFT CORP 11/03/2020 2.000 25,000,000.00 24,649,750.00 100.212000 25,053,000.00 403,250.00 MICROSOFT CORP 02/06/2020 1.850 3,000,000.00 2,971,440.00 99.996000 2,999,880.00 28,440.00 MICROSOFT CORP 02/06/2020 1.850 4,097,000.00 4,057,013.28 99.996000 4,096,836.12 39,822.84 MICROSOFT CORP 02/06/2020 1.850 8,000,000.00 7,920,160.00 99.996000 7,999,680.00 79,520.00 MICROSOFT CORP 02/06/2020 1.850 16,000,000.00 15,832,480.00 99.996000 15,999,360.00 166,880.00 JOHNSON & JOHNSON 03/01/2021 1.650 12,000,000.00 11,663,160.00 99.961000 11,995,320.00 332,160.00 MICROSOFT CORP 02/06/2020 1.850 10,000,000.00 9,887,000.00 99.996000 9,999,600.00 112,600.00 JOHNSON & JOHNSON 03/01/2021 1.650 12,969,000.00 12,617,410.41 99.961000 12,963,942.09 346,531.68 MICROSOFT CORP 02/12/2020 1.850 16,880,000.00 16,654,820.80 100.001000 16,880,168.80 225,348.00 JOHNSON & JOHNSON 03/01/2021 1.650 10,295,000.00 9,955,059.10 99.961000 10,290,984.95 335,925.85 MICROSOFT CORP 11/03/2020 2.000 10,100,000.00 9,929,411.00 100.212000 10,121,412.00 192,001.00 AUTOMATIC DATA PROCESSING 09/15/2020 2.250 13,976,000.00 14,021,841.28 100.264000 14,012,896.64 -8,944.64 1.875 154,667,000.00 152,408,385.37 100.061802 154,762,586.60 2,354,201.23 BANK OF AMERICA 05/20/2020 1.840 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 US BANK 01/15/2020 1.640 40,000,000.00 40,000,000.00 100.000000 40,000,000.00 0.00 TORONTO DOMINION 01/27/2020 1.820 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 TORONTO DOMINION 02/25/2020 1.830 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 TORONTO DOMINION 01/27/2020 1.820 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 US BANK 05/22/2020 1.760 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 TORONTO DOMINION 05/22/2020 1.820 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 US BANK 06/03/2020 1.750 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 US BANK NA 03/04/2020 1.730 28,000,000.00 28,000,000.00 100.000000 28,000,000.00 0.00 TORONTO DOMINION 03/05/2020 1.840 20,000,000.00 20,000,000.00 100.000000 20,000,000.00 0.00 TORONTO DOMINION 06/12/2020 1.850 20,000,000.00 20,000,000.00 100.000000 20,000,000.00 0.00 US BANK NA 05/14/2020 1.780 20,000,000.00 20,000,000.00 100.000000 20,000,000.00 0.00 1.790 478,000,000.00 478,000,000.00 100.000000 478,000,000.00 0.00 US BANK NA 03/03/2020 1.730 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 1.730 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 1.838 8,233,287,974.63 8,214,054,109.29 99.985484 8,232,092,850.66 18,038,741.37 1.838 8,233,287,974.63 8,214,054,109.29 99.985484 8,232,092,850.66 18,038,741.37 4540: NCD-A A/360 Total Fund 4500: NCD-Mat A/360 89114NBL8 90333VW55 90333VX21 90333VX39 89114NDM4 594918BG8 053015AD5 1.812 .694 .710 19121AAF8 16677JEJ1 3130: CORP-Fxd-S 30/360 478160BS2 594918AY0 63763PEL9 89233GEJ1 03785DC61 04249KBJ6 89233GE69 89114NBH7 63763PBS7 90333VX88 594918BV5 03785DB62 30229AC56 03785DA97 30229ABM0 Grand Total 03785DBA3 63763PAF6 63763PBQ1 16677JE77 594918BV5 594918BV5 89114NBD6 90333VW30 478160BS2 16677JBE5 2.414 .170 478160BS2 2.691 89114NCM5 06406WAA4 594918BV5 1.010 1.010 1.730 .370 1.855 .170 .173 .173 .973 .172 1.855 .973 .175 .249 1.780 1.730 1.840 1.730 .386 .385 1.750 .074 .151 .074 1.640 .041 .392 .101 .175 .178 1.167 .844 1.850 .441 .449 1.790 .254 .570 .363 1.820 .040 1.830 2.646 .118 3.149 2.625 1.167 .116 1.139 1.136 .100 1.675 .024 1.812 2.469 1.771 1.167 1.787 .040 .041 1.777 .024 .025 .025 .024 .025 .156 1.798 .153 .110 .112 1.777 1.759 .100 .091 .040 1.821 .140 1.809 .142 1.787 .041 .093 .116 .118 .351 .178 .101 .178 .065 .066 .381 1.596 1.700 .175 .345 .123.121 1.766 .379 .386 1.847 .374 1.664 1.699 .175 1.616 .348 1.758 .148 .151 1.845 .059 .060 .178 .181 1.602 .016 .016 1.758 .191 .195 1.875 .341 .441 .366 .373 1.626 .178 .181 1.652 .027 .027 .381 .005 .005 1.705 1.780 .242 .247 1.652 .027 .027 2.277 .132 1.865 .101 .449 1.612 .040 .041 1.712 .374 .844 .112 1.802 .100 .132 .134 2.273 .100 .823 .100 .101 .100 .100 .101 .101 .101 .101 2.912 1.877 1.814 .110 2.373 .100 .822 2.354 2.543 2.388 63763PAF6 03785DA97 .417 .3851.760 .153 .392 .073 .425 1.820 1.139 1.652 30229AB32 06406WA63 30229AC56 63763PCW7 06406WAA4 1.627 .129 04249KAQ1 1.820 .073 .556 1.840 .379 2.517 90333VW97 06052TH52 03785DBC9 89114NBE4 89233GFC5 03785DC61 63763PEF2 06406WA22 03785DA97 594918BV5 594918BV5 594918BG8 594918BV5 89233GAN6 63763PCB3 63763PBA6 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 13 100 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR The Mission Inn, Downtown Riverside. Digital Image. The Mission Inn. http://www.missioninn.com/about-en.html. 101 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR CAPITAL MARKETS COUNTY ADMINISTRATIVE CENTER 4080 LEMON STREET, 4TH FLOOR, RIVERSIDE, CA 92502-2205 WWW.COUNTYTREASURER.ORG 102 AGENDA ITEM 6D Agenda Item 6D RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: April 8, 2020 TO: Riverside County Transportation Commission FROM: David Knudsen, Legislative Affairs Manager THROUGH: Anne Mayer, Executive Director SUBJECT: State and Federal Legislative Update STAFF RECOMMENDATION: This item is for the Commission to receive and file an update on state and federal legislation. BACKGROUND INFORMATION: State Update The deadline for new bills to be introduced in the legislature was February 21, 2020. Policy committees have until April 28, 2020 to consider legislation. The Governor’s State of the State Address On February 19, 2020 Governor Gavin Newsom gave his State of the State address to a joint session of the Legislature. While the Governor outlined strong economic indicators such as an average of 3.8 percent GDP growth over the last five years, 118 consecutive months of net job growth and California remaining the fifth-largest economy in the world, his speech focused almost entirely on the topic of homelessness. Governor Newsom asked the Legislature to cut environmental regulations hampering construction of shelters and find more stable funding for homeless aid to help fund organizations that help homeless people. AB 2011 (Holden) – Staff Recommended Position: Oppose SB 1390 (Portantino) – Staff Recommended Position: Oppose In January and February two bills were introduced in the Legislature intended to prescribe a route to connect rail transit to Ontario International Airport in San Bernardino County. AB 2011 authored by Assembly Member Chris Holden of Pasadena and SB 1390 authored by Senator Anthony Portantino of La Cañada Flintridge, establishes the West San Bernardino County Rail Construction Authority and the Montclair to Ontario Airport Construction Authority (Authority) respectively. The purpose of the new Authority is to oversee all design and construction for completion of an extension of the Los Angeles County Metropolitan Transportation Authority (Metro) Gold Line light rail project from the city of Montclair to the Ontario International Airport. 103 Agenda Item 6D Provisions in these bills requires that San Bernardino County Transportation Authority (SBCTA) enter into an agreement with the Authority to hold in trust all real property interests held by SBCTA, that are necessary for the planning, design, and construction of the project at no cost. SB 1390 would also require SBCTA to transfer the unencumbered balance of all local funds programmed for completion of the project, the unencumbered balance of all funds identified by a local transaction and use tax measure, and an unspecified source of funding to the construction authority for completion of the project. Upon project completion, SBCTA is to assume operational responsibility and the Authority is to be dissolved. The Authority identified in both bills will be governed by a board consisting of seven voting members and one nonvoting member. The city councils from the cities of Montclair, Ontario, Rancho Cucamonga, and Upland would each appoint one member to the governing board and Metro, SBCTA, and Ontario International Airport Authority would each appoint one member. The nonvoting member would be appointed by the Governor. While the specific matters at the center of AB 2011 and SB 1390 do not apply to Riverside County, if approved, this bill creates a troublesome precedent for RCTC and all twenty-five “self-help” transportation agencies in California who are entrusted with local governance of voter-approved tax revenues. Creating this new entity to construct a transportation project is duplicative of the responsibilities already designated, by law, to SBCTA’s voter-entrusted Board of Directors SBCTA President, Mayor Darcy McNaboe, sent a letter on March 2, 2020, to Commission Chair Benoit asking RCTC to oppose both AB 2011 and SB 1390. On March 10, 2020 with guidance from Chair Benoit, Executive Director Anne Mayer sent letters opposing these bills to their authors based on three principles outlined the Commission-adopted 2020 State and Federal Legislative Platform: 1. Protect Our Authority and Revenue - Existing statutory authorities for the Commission should be preserved and protected. 2. Protect Our Authority and Revenue - Oppose legislation that restructures or interferes with governance of the Commission or other local and regional transportation agencies without the support and consent of the entity affected. 3. Protect Our Authority and Revenue - Oppose efforts to infringe on the Commission’s discretion in collecting and administering its revenue sources including, but not limited to: Measure A, tolls, and TUMF. Staff will continue to monitor these bills and provide updates to the Commission as needed. 104 Agenda Item 6D Federal Update Appropriations The two-year budget deal (FY20 and FY21) passed by Congress and signed by the President in 2019, should allow the appropriations process to proceed this year. The House is planning to hold full committee markups of their 12 appropriations bills beginning in late April into early May. This schedule would allow the full House to consider all 12 bills sometime in June. However, while budget issues may not cause delay, other policy issues might have a significant influence whether this timeline is achieved. The Senate has not put out a schedule for Committee action on their appropriations bills but it is likely they will begin mark up in May and June – with floor consideration possible in July. While both Houses are working toward passage of their appropriations bills, it is highly unlikely that Congress will conference and resolve any differences for all 12 bills prior to the end of the fiscal year. If this happens, it is expected that a continuing resolution will be signed on or before September 30, 2020. FAST Act Reauthorization House Transportation and Infrastructure Committee Chairman Peter DeFazio recently stated that he would like to release the text of his FAST Act reauthorization bill by the end of April. With roughly 65 days in session before the November election, this is an aggressive timeline. In addition, it has not yet been determined how Congress will pay for the reauthorization package in which case, the bills cannot be considered by the full House or Senate. RCTC staff will continue to monitor reauthorization activity. Attachments: 1) SBCTA letter for RCTC Chair Benoit 2) RCTC Letter – Oppose AB 2011 (Holden) 3) RCTC Letter – Oppose SB 1390 (Portantino) 4) Legislative Matrix – March 2020 105 ATTACHMENT 1106 bb200302-DM107 ATTACHMENT 2 108 ATTACHMENT 3 109 RIVERSIDE COUNTY TRANSPORTATION COMMISSION - POSITIONS ON STATE AND FEDERAL LEGISLATION – MARCH 2019 Legislature reconvened on January 6, 2020 Legislation/ Author Description Bill Status Position Date of Board Adoption AB 252 (Daly, Frazier) Removes the sunset date from the NEPA Reciprocity program. Signed by Governor Newsom. (July 31, 2019) SUPPORT 3/13/19 AB 1402 (Petrie-Norris) Makes substantive changes to the Active Transportation Program administered by the State, allocating 75% of funds to be distributed by large MPOs. Assembly-Died- Transportation. (February 3, 2020) SUPPORT 4/1/19 SB 152 (Beall) Makes substantive changes to the Active Transportation Program administered by the State, allocating 75% of funds to be distributed by large MPOs. Senate-Died- Appropriations. (February 3, 2020) SUPPORT 4/1/19 AB 626 (Quirk-Silva) Seeks to dictate that professionals who provide professional services on one phase of a project be deemed not to have a conflict of interest in subsequent project phases, disregarding the Commission’s adopted Procurement Policy. Ordered to inactive file at request of member. (May 30, 2019) OPPOSE UNLESS AMENDED 4/10/19 AB 456 (Chiu, Bonta, Low) Removes the January 1, 2020 sunset provision on claims resolution processes. Approved by the Governor. (October 3, 2019) OPPOSE 5/8/19 SB 498 (Hurtado) Takes funds dedicated in the Trade Corridors Improvement Fund and repurposes them for a new short-line railroad project grant program. Referred to Assembly Transportation Committee. (June 6, 2019) OPPOSE Staff action based on platform 5/30/19 SB 742 (Allen) Authorizes existing state funds for Amtrak to be used on intercity passenger bus transportation, regardless of whether the passenger is connecting to or from intercity rail service. Approved by the Governor. (October 8, 2019) SUPPORT 6/12/19 AB 1149 (Fong) Eliminates the ability of petitioners to opt to prepare the record of proceedings and would place that responsibility solely on the lead agency. Assembly-Died-Natural Resources. (February 3, 2020) SUPPORT 6/12/19 ATTACHMENT 4 110 Legislation/ Author Description Bill Status Position Date of Board Adoption SB 664 (Allen) Revises existing statute in the Streets and Highways Code and the Vehicle Code to allow for improved operations of toll facilities in California. Re-referred to Committees on Privacy & Consumer Protection and Judiciary. (September 10, 2019) SUPPORT Staff action based on platform 6/17/19 SB 277 (Beall) Changes the SB 1-created Local Partnership Program to be administered at 85% formula, rather than 50% formula as is currently in adopted guidelines. Vetoed by the Governor. In Senate. Consideration of Governor’s veto pending. (August 14, 2019) SUPPORT Staff action based on platform 7/1/19 AB2011 (Holden) Creates West San Bernardino County Rail Construction Authority for purposes of awarding and overseeing all design and construction contracts for completion of an extension of the Metro Gold Line light rail project from the City of Montclair to the Ontario International Airport. The bill would prescribe the powers and duties of the construction authority. Referred to Assembly Transportation Committee. (February 14, 2020) OPPOSE Staff action based on platform 3/10/20 SB 1390 (Portantino) Creates the Montclair to Ontario Airport Construction Authority for purposes of awarding and overseeing all design and construction contracts for completion of an extension of the Metro Gold Line light rail project from the City of Montclair to the Ontario International Airport. The bill would prescribe the powers and duties of the construction authority. Read first time. (February 24, 2020) OPPOSE Staff action based on platform 3/10/20 HR 2939 (Napolitano) Protects state and local general sales tax revenues from being directed to airports. Introduced. (May 23, 2019) SUPPORT 7/10/19 111 AGENDA ITEM 6E Agenda Item 6E RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: April 8, 2020 TO: Riverside County Transportation Commission FROM: Michelle McCamish, Management Analyst Brian Cunanan, Commuter and Motorist Assistance Manager THROUGH: Anne Mayer, Executive Director SUBJECT: Agreements for Freeway Service Patrol Tow Truck Service STAFF RECOMMENDATION: This item is for the Commission to: 1) Approve Agreement No. 20-45-030-00 to Royal Coaches Auto Body & Towing for Freeway Service Patrol (FSP) tow truck services on Interstate 15 (I-15) Beat No. 25 for a five-year term, in an amount of $1,625,473, plus a contingency amount of $81,274, for a total amount not to exceed $1,706,747; 2) Approve Agreement No. 20-45-031-00 to Pepe’s Towing Service Inc. for FSP tow truck services on I-15 Beat No. 26 for a five-year term, in an amount of $1,674,401, plus a contingency amount of $83,720, for a total amount not to exceed $1,758,121; 3) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreements on behalf of the Commission; and 4) Authorize the Executive Director, or designee, to approve the use of the contingency amount as may be required for these services. BACKGROUND INFORMATION: In 1986, the Commission established itself as the Riverside County Service Authority for Freeway Emergencies (RC SAFE) after the enactment of SB 1199 in 1985. The purpose of the formation of SAFEs in California was to provide call box services and, with excess funds, provide additional motorist aid services. Funding for RC SAFE is derived from a one dollar per vehicle registration fee on vehicles registered in Riverside County. Initially, these funds were used only for the call box program. As additional motorist aid services were developed, SAFE funds were also used to provide FSP and the Inland Empire 511 traveler information services as part of a comprehensive motorist aid system in Riverside County. In 1990, Proposition C was passed to fund transportation improvements and to help reduce traffic congestion in California. From this, the FSP program was created by Caltrans, which developed the corresponding Local Funding Allocation Plan to distribute funds to participating jurisdictions. In addition to funding received from Caltrans, agencies are required to contribute 112 Agenda Item 6E a 25 percent local match. For the Commission, SAFE revenues are used to meet this match requirement. The Commission, acting in its capacity as the RC SAFE, is the principal agency in Riverside County, in partnership with Caltrans and the California Highway Patrol (CHP), managing the FSP program. The purpose of the FSP program is to provide a continuously roving tow services patrol along designated freeway segments (referred to as beats) to relieve freeway congestion and facilitate the rapid removal of disabled vehicles and those involved in minor accidents on local freeways. Contracts to provide FSP tow service are competitively bid as needed for each beat. Currently, the Commission contracts with three tow truck operators to provide service on a total of twelve beats Monday through Friday during the peak commute hours, 5:30 a.m. to 8:30 a.m. and 2:30 p.m. (12:30 p.m. on Fridays) to 6:30 p.m. In FY 2018/19, FSP performed 44,607 assists. DISCUSSION: Staff sought a competitive solution to award tow service contracts to qualified firms for two beats on I-15. Beat No. Beat No. Description Number of Tow Trucks 25 I-15 from Hidden Valley Parkway to Jurupa Ave 2 (+1 backup truck) 26 I-15 from Magnolia Ave to Indian Truck Trail 2 (+1 backup truck) Procurement Process Staff determined the weighted factor method of source selection to be the most appropriate for this procurement, as it allows the Commission to identify the most advantageous proposal with price and other factors considered. Non-price factors include elements such as qualifications of firm, personnel, and the ability to respond to the Commission’s needs for FSP tow truck services on I-15 Beat Nos. 25 and 26, as set forth under the terms of the request for proposals (RFP) No. 20-45-030-00. Prior to the release of the RFP, staff conducted outreach that consisted of various components, in an effort to increase the participation of tow operators in the FSP program. Outreach included: • Email Blasts: Four different email blasts were sent to over 80 companies that included an Introduction to FSP, Facts & Myths about FSP, Pricing Facts and Positive Changes in the FSP program. • Face-to-Face Meetings: Met with four tow operators prior to the release of the RFP to discuss any questions they had about the process and provide information about the FSP program. • Booth at the 2019 California Tow Truck Association (CTTA) Tow Show: Hosted a booth with nine other counties in the state to provide information about FSP. 113 Agenda Item 6E Outreach efforts help to spread knowledge and awareness about the FSP program. Although not all tow operators reached may propose, the outreach effort helps the Commission strengthen its ongoing relationship with local tow companies and the CTTA, for any future RFPs that may be released. Attending CTTA also informs us of current topics and issues within the tow industry. Staff’s extensive outreach efforts and conversations with tow companies also led to changes to the FSP contract which included: offering a different hourly rate for each year of the contract to address inflation costs, offering an optional disbursement of a mobilization payment to help the tow company purchase its tow trucks and insurance prior to the start of the contract, and lastly, allowing for a difference in hourly rates when it comes to regular work vs “extra work”. Extra work is work done outside of regular peak FSP service hours and/or coverage areas, typically for supplemental FSP service in support of a construction project. RFP No. 20-45-030-00 was released on December 5, 2019. A public notice was advertised in the Press Enterprise, and the RFP was posted on the Commission’s PlanetBids website, which is accessible through the Commission’s website. Utilizing PlanetBids, emails were sent to 35 firms, 15 of which are located in Riverside County. Additionally, the Commission sent out 100 flyers to firms who have previously expressed interest in tow truck services and/or are on the current California Highway Patrol (CHP) rotational tow list. Of the 100 flyers, 39 were sent to firms located in Riverside County. Through the PlanetBids site, 16 firms downloaded the RFP; 3 of these firms are located in Riverside County. A pre-proposal conference was held on December 12, 2019, and was attended by 5 firms. Staff responded to all questions submitted by potential proposers prior to the December 17, 2019 clarification deadline date. Four firms – Coastal Pride Towing, Inc. (Riverside); Navarro’s Towing (Fontana); Pepe’s Towing Service Inc. (Colton); and Royal Coaches Auto Body & Towing (Azusa) – submitted proposals prior to the 2:00 p.m. submittal deadline on January 16, 2020. Coastal Pride Towing, Inc. and Pepe’s Towing Service Inc. submitted proposals for both Beats No. 25 & 26; whereas Navarro’s Towing and Royal Coaches Auto Body & Towing only submitted a proposal for Beat No. 25. All proposals submitted were responsive and responsible proposals. An evaluation committee comprised of the CHP Inland Division, Orange County Transportation Authority, San Bernardino County Transportation Authority, and Commission staff evaluated each proposal in accordance with the evaluation criteria set forth in the RFP. Based on the evaluation committee’s assessment of the written proposals and pursuant to the terms of the RFP, the evaluation committee shortlisted two firms for each beat: Coastal Pride Towing, Inc. and Royal Coaches Auto Body & Towing for Beat No. 25, and Coastal Pride Towing, Inc. and Pepe’s Towing Service Inc. for Beat No. 26. The evaluation committee visited the shortlisted firms’ tow yard sites and conducted interviews of key personnel on February 5, 2020. Accordingly, the evaluation committee provided final scoring based on a comprehensive evaluation of each written proposal and interview. Based on the evaluation committee’s assessment, the evaluation committee determined Royal Coaches Auto Body & Towing to be the most qualified firm to perform the work outlined in the scope of services for Beat No. 25, and 114 Agenda Item 6E Pepe’s Towing Service Inc. to be the most qualified firm to perform the work outlined in the scope of services for Beat No. 26. As a result of the evaluation committee’s assessment of the written proposals and interviews, the evaluation committee recommends contract award for FSP tow truck services for I-15 Beat No. 25 to Royal Coaches Auto Body & Towing for a five-year term, in the amount of $1,625,473, plus a contingency of $81,274, for a total amount not to exceed $1,706,747. The evaluation committee also recommends contract award for FSP tow truck services for I-15 Beat No. 26 to Pepe’s Towing Service Inc. for a five-year term, in the amount of $1,674,401, plus a contingency of $83,720, for a total amount not to exceed $1,758,121. The proposed five-year contract totals and evaluation rankings for all firms are presented in the following tables: I-15 Beat No. 25 Firm Total Evaluation Ranking Royal Coaches Auto Body & Towing $1,625,473 1 Coastal Pride Towing, Inc. $1,560,543 2 Pepe’s Towing Service Inc. $1,674,401 3 Navarro’s Towing $1,807,254 4 I-15 Beat No. 26 Firm Total Evaluation Ranking Pepe’s Towing Service Inc. $1,674,401 1 Coastal Pride Towing, Inc. $1,560,543 2 The Commission’s standard form FSP services agreement will be entered into with the consultants subject to any changes approved by the Executive Director and pursuant to legal counsel review. Staff also recommends that the Executive Director, or designee, approve the use of the contingency amount as may be required for these services. Financial Information In Fiscal Year Budget: N/A Year: FY 2020/21+ Amount: $3,464,868 Source of Funds: State of California, SAFE funds Budget Adjustment: N/A GL/Project Accounting No.: 002173 81014 00000 0000 201 45 81002 Fiscal Procedures Approved: Date: 03/13/2020 Attachments: 1) Draft FSP Agreement No. 20-45-030-00 with Royal Coaches Auto Body & Towing 2) Draft FSP Agreement No. 20-45-031-00 with Pepe’s Towing Service Inc. 115 17336.0002A\9580036. 343 Agreement No. 20-45-030-00 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, ACTING AS THE RIVERSIDE COUNTY SERVICE AUTHORITY FOR FREEWAY EMERGENCIES, FOR FREEWAY SERVICE PATROL FOR BEAT # 25 WITHIN RIVERSIDE COUNTY WITH ROYAL COACHES & AUTO BODY TOWING 1. PARTIES AND DATE. 1.1 This Agreement is made and entered into as of _____day of _________, 2020, by and between the RIVERSIDE COUNTY TRANSPORTATION COMMISSION (“COMMISSION”) acting as the RIVERSIDE COUNTY SERVICE AUTHORITY FOR FREEWAY EMERGENCIES (“SAFE”) and ROYAL COACHES & AUTO BODY TOWING a CORPORATION (referred to herein as “CONTRACTOR”). SAFE and CONTRACTOR are sometimes individually referred to herein as “Party” and collectively as “Parties”. 1.2 The California Highway Patrol herein referred to as “CHP” and California Department of Transportation, herein referred to as “Caltrans” are hereby expressly designated as third-party beneficiaries of CONTRACTOR’s performance under this Agreement. 2. RECITALS. 2.1 WHEREAS, COMMISSION is a California County Transportation Commission existing under the authority of Section 130050 et seq. of the California Public Utilities Code; 2.2 WHEREAS, COMMISSION is authorized, pursuant to Section 2550 et seq. of the California Streets and Highways Code, to act as SAFE for purposes of providing a motorist aid system, including provision of freeway service patrols; 2.3 WHEREAS, SAFE requires the services of a CONTRACTOR to provide the freeway service patrol professional services as described in the Scope of Services; 2.4 WHEREAS, SAFE has determined that CONTRACTOR is best qualified to perform the required services; 2.5 WHEREAS, the CONTRACTOR is able and willing to perform the required services under the terms and conditions of this Contract; 2.6 WHEREAS, COMMISSION is the short range transportation planning agency for Riverside County, and programs federal, state, and local DRAFTATTACHMENT 1 116 17336.0002A\9580036. 344 funds. COMMISSION has entered into a Memorandum of Understanding with Caltrans and CHP to fund peak period freeway service patrols on selected freeway segments in Riverside County; and 2.7 WHEREAS, Section 21718 (a) of the California Vehicle Code specifically authorized CHP to be responsible for freeway service patrols stopping on freeways for the purpose of rapid removal of impediments to traffic. Article 3, Section 91, of the Streets and Highways Code, states that Caltrans has responsibility to improve and maintain the state highways. Caltrans also has the responsibility for traffic management and removing impediments from the highways. NOW, THEREFORE, for the consideration hereinafter stated, SAFE and CONTRACTOR agree as follows: 3. TERMS. 3.1 General Scope of Services. The purpose of the Freeway Service Patrol (“FSP”) program is to provide for the rapid removal of disabled vehicles and vehicles involved in minor accidents from the freeway. Contractor promises and agrees to furnish to SAFE all labor materials, tools, equipment, services, and incidental and customary work necessary to fully and adequately provide the FSP services ("Services"). The Services are more particularly described in Exhibit "A" attached hereto and incorporated herein by reference. All Services shall be subject to, and performed in accordance with, this Agreement, the exhibits attached hereto and incorporated herein by reference, and all applicable local, state, and federal laws, rules and regulations, and the SOP manual (as defined below). 3.1.1. Contract Oversight. Caltrans and CHP will jointly oversee the Services. Both agencies will have responsibility for overseeing Service performance and ensuring that the CONTRACTOR abides by the terms of this Contract. CHP is responsible for dispatch services to incident locations within the CONTRACTOR’s patrol limits. The dispatching will be done in accordance with this Contract. A Standard Operating Procedures (“SOP”) manual will be given to the CONTRACTOR explaining the types of incidents to which his/her operators may be dispatched. 3.1.2 Beat Descriptions. The FSP will operate on selected freeway segments referred to herein as “beats”. Each beat has specific turnaround locations and designated drop locations identified by the CHP. Exhibit “A” shows the specific limits, number of tow trucks, number of back-up trucks and hours of operation, and holidays for the CONTRACTOR’s specific beat. SAFE reserves the right to add or delete holidays to the work schedule, provided that SAFE provides CONTRACTOR seven (7) days advanced notice of such addition or deletion. Travel time to and from the beat will be at the expense of the CONTRACTOR. 3.1.3 Change Orders. At any time during the term of this Contract, SAFE reserves the right to adjust beat specifications to better accommodate demand for the DRAFT117 17336.0002A\9580036. 345 Services, or availability of funding, at no cost to SAFE. Adjustments may include reduction in the hours of Services. SAFE may direct such adjustments during the course of this Contract through written change orders, signed by SAFE, setting forth any changes to Exhibit “A”. Changes may include a change of the specified beat(s) to other beats that SAFE determines better serve the needs of SAFE, as well as changes to schedules and hours for the beats set forth in Exhibit “A”. If warranted, as determined in SAFE’s sole discretion, and during the hours of operation of the Services, the CONTRACTOR may be requested to temporarily reassign his/her FSP operators/trucks to locations outside the assigned beat. Such reassignments shall be at no cost to SAFE. 3.1.4. The SOP Manual. To promote a safe work environment and for the maintenance of professionalism, the most current version of the SOP manual shall, at all times, be followed by the CONTRACTOR and its vehicle operators. The SOP manual, as such manual may from time to time be amended, is incorporated into this Contract by reference. CONTRACTOR shall be notified and provided with a copy of any changes to the SOP manual. Drivers found not to be in compliance with FSP procedures, as set forth in the SOP manual or this Contract, may be suspended or terminated from the FSP program and the CONTRACTOR may be fined three (3) times the hourly Contract rate in one (1) minute increments until a replacement vehicle is provided (Driver and Truck must return to beat compliant with all FSP requirements), or fined for the entire shift at three (3) times the hourly rate at the discretion of the FSP Field Supervisors. 3.2 Equipment Requirements. CONTRACTOR shall comply with all equipment requirements outlined in the attached Exhibit “A”. 3.3 Commencement of Services. The CONTRACTOR shall commence work upon receipt of a written Notice to Proceed from SAFE. 3.4 Term. The term of this Contract shall be for a period of five (5) years, from 11/1/20 to 10/31/25 unless earlier terminated as provided herein. SAFE shall also have the right to renew this Contract from one month up to a one (1) year term after the initial term by providing notice as provided below. SAFE must provide written notice to CONTRACTOR no less than ninety (90) days prior to the end of the applicable term, indicating its renewal of the Contract. CONTRACTOR shall complete the Services within the term of this Contract, and shall meet any other established schedules and deadlines. All applicable indemnification provisions of this Contract shall remain in effect following the termination of this Contract. The rates shall be as follows: SCHEDULE OF HOURLY RATES Classification Year 1 Year 2 Year 3 Year 4 Year 5 Regular Rate $ 77.10 per hour $ 80.07 per hour $ 83.19 per hour $ 86.48 per hour $ 89.94 per hour CFSP/Extra Rate $ 84.81 per hour $ 88.08 per hour $ 91.51 per hour $ 95.13 per hour $ 98.94 per hour DRAFT118 17336.0002A\9580036. 346 3.5 SAFE's Representative. SAFE hereby designates the SAFE Executive Director or his or her designee, to act as its Representative for the performance of this Contract ("SAFE’s Representative"). SAFE’s Representative shall have the authority to act on behalf of SAFE for all purposes under this Contract. SAFE's Representative shall also review and give approval, as needed, to the details of CONTRACTOR's work as it progresses. CONTRACTOR shall not accept direction or orders from any person other than the SAFE’s Representative or his or her designee. 3.6 CONTRACTOR’S Representative. CONTRACTOR hereby designates William Salazar, to act as its representative for the performance of this Contract ("CONTRACTOR’s Representative"). CONTRACTOR’s Representative shall have full authority to act on behalf of CONTRACTOR for all purposes under this Contract. The CONTRACTOR’s Representative shall supervise and direct the Services, using his best skill and attention, and shall be responsible for all means, methods, techniques, sequences and procedures and for the satisfactory coordination of all portions of the Services under this Contract. CONTRACTOR shall work closely and cooperate fully with SAFE's Representative and any other agencies which may have jurisdiction over or an interest in the Services. CONTRACTOR's Representative shall be available to the SAFE staff at all reasonable times. Any substitution in CONTRACTOR's Representative shall be approved in writing by SAFE's Representative. 3.7 Substitution of Key Personnel. CONTRACTOR has represented to SAFE that certain key personnel will perform and coordinate the Services under this Contract. Should one or more of such personnel become unavailable, CONTRACTOR may substitute other personnel of at least equal competence upon written approval by SAFE’s Representative. In the event that SAFE’s Representative and CONTRACTOR cannot agree as to the substitution of the key personnel, SAFE shall be entitled to terminate this Contract for cause, pursuant to the provisions of Section 3.15. The key personnel for performance of this Contract are: William Salazar, Laura Cordova, Johnny Perez, Carlos Solorzano, Jessie Lara, Danny Fajardo, David Acevedo, Victor Salcido. 3.7.1 Availability of FSP Manager. Except in the case of unpreventable circumstances, the FSP Manager must be available at the CONTRACTOR’s office for at least 50% of each Work Day to address time sensitive issues related to this Contract or the Services, including, but not limited to, FSP administrative responsibilities; SAFE, CHP, and Caltrans requests; driver matters; and truck maintenance issues. CONTRACTOR shall, within 24 hours, notify SAFE of each circumstance causing the FSP Manager not to be available as required herein. As used in this section, the term “Work Day” shall mean and refer to any day that FSP service is provided, during those hours of operation for Construction FSP as identified on the attached Exhibit “A-1”. 3.8 Review of Work and Deliverables. All reports, working papers, and similar work products prepared for submission in the course of providing Services under this Contract may be required to be submitted to SAFE's Representative in draft form, and SAFE’s Representative may require revisions of such drafts prior to formal submission and approval. In the event that SAFE's Representative, in his or her sole discretion, determines the formally DRAFT119 17336.0002A\9580036. 347 submitted work product to be inadequate, SAFE's Representative may require CONTRACTOR to revise and resubmit the work at no cost to SAFE. Upon determination by SAFE that CONTRACTOR has satisfactorily completed the Services required under this Contract and within the term set forth in Section 3.4, SAFE shall give CONTRACTOR a written Notice of Final Completion. Upon receipt of such notice, CONTRACTOR shall incur no further costs hereunder, unless otherwise specified in the Notice of Completion. CONTRACTOR may request issuance of a Notice of Final Completion when, in its opinion, it has satisfactorily completed all Services required under the provisions of this Contract. 3.9 Appearance at Hearings. If and when required by SAFE, CONTRACTOR shall render assistance at public hearings or other meetings related to the performance of the Services. 3.10 Standard of Care: Licenses. CONTRACTOR represents and maintains that it is skilled in the professional calling necessary to perform all Services, duties and obligations required by this Contract. CONTRACTOR shall perform the Services and duties in conformance to and consistent with the standards generally recognized as being employed by professionals in the same discipline in the State of California. CONTRACTOR warrants that all employees and subcontractors shall have sufficient skill and experience to perform the Services assigned to them. CONTRACTOR further represents and warrants to SAFE that its employees and subcontractors have all licenses, permits, qualifications (including medical certification) and approvals of whatever nature that are legally required to perform the Services, and that such licenses and approvals shall be maintained throughout the term of this Contract. CONTRACTOR shall perform, at its own cost and expense and without reimbursement from SAFE, any services necessary to correct errors or omissions which are caused by the CONTRACTOR’s failure to comply with the standard of care provided for herein, and shall be fully responsible to SAFE for all damages and other liabilities provided for in the indemnification provisions of this Contract arising from the CONTRACTOR’s errors and omissions. Any employee of CONTRACTOR or its subcontractors who is determined by SAFE to be uncooperative, incompetent, a threat to the adequate or timely completion of the Services, a threat to the safety of persons or property, or any employee who fails or refuses to perform the Services in a manner acceptable to SAFE, shall be promptly removed from performing the Services by the CONTRACTOR and shall not be re-employed to perform any of the Services. 3.11 Opportunity to Cure. SAFE may provide CONTRACTOR an opportunity to cure, at CONTRACTOR's expense, all errors and omissions which may be disclosed during performance of the Services. Should CONTRACTOR fail to make such correction in a timely manner, such correction may be made by SAFE, and the cost thereof charged to CONTRACTOR. 3.12 Inspection of Work. CONTRACTOR shall allow SAFE's Representative to inspect or review CONTRACTOR's performance of Services in progress at any time. SAFE/Caltrans/CHP also reserves the right to audit all paperwork demonstrating that CONTRACTOR participates in an employee alcohol/drug-testing program and the DMV Pull Notice Program. DRAFT120 17336.0002A\9580036. 348 3.13 Laws and Regulations. CONTRACTOR shall keep itself fully informed of and in compliance with all local, state and federal laws, rules and regulations in any manner affecting the performance of the Services, including all Cal/OSHA requirements, and shall give all notices required by law. CONTRACTOR shall be solely liable for all violations of such laws and regulations in connection with Services. If the CONTRACTOR performs any work knowing it to be contrary to such laws, rules and regulations and without giving written notice to SAFE, CONTRACTOR shall be solely responsible for all costs arising therefrom. CONTRACTOR shall defend, indemnify and hold SAFE, their officials, directors, officers, employees and agents free and harmless, pursuant to the indemnification provisions of this Contract, from any claim or liability arising out of any failure or alleged failure to comply with such laws, rules or regulations. 3.14 Damage Complaints. Upon receiving a damage complaint from a motorist assisted by the CONTRACTOR, that the CONTRACTOR damaged their vehicle while lending assistance, the CONTRACTOR shall notify CHP immediately regarding the nature of the damage complaint and its disposition. The CONTRACTOR shall reply to the motorist by telephone within twenty-four (24) hours of receiving the damage complaint notification. If necessary, the CONTRACTOR shall send either his or her authorized representative or his or her insurance company representative to inspect the vehicle and complete an incident report within forty-eight (48) hours after receiving the damage complaint. If the investigation shows that damage to the vehicle could have been caused by the CONTRACTOR, the CONTRACTOR shall negotiate in good faith to try and resolve the issue and shall report to the CHP the result of the negotiations. All complaints shall be resolved within a reasonable period of time after being received. 3.14.1 Complaint Review Committee. The FSP Technical Advisory Committee (“FSP TAC”) is composed of voting members from CHP, SAFE and Caltrans. Voting members of the FSP TAC are hereby designated as the members of the Damage Complaint Review Committee (“DCRC”). If the DCRC finds that justifiable complaints are not resolved within a reasonable time frame, it can recommend that payment to the CONTRACTOR in the amount of the damage claim may be deducted from the CONTRACTOR’s monthly invoice. 3.15 Termination. 3.15.1 Notice; Reason. SAFE may, by written notice to CONTRACTOR, terminate this Contract, in whole or in part, including, without limitation, the geographical territory covered by this Contract, at any time by giving written notice to CONTRACTOR of such termination, and specifying the effective date thereof (“Notice of Termination”). Such termination may be for SAFE’s convenience, due to lack of available funding for the Services, or because of CONTRACTOR's failure to perform its duties and obligations under this Contract, including, but not limited to, the failure of CONTRACTOR to timely perform Services pursuant to the Scope of Services described in Section 3, entitled “Terms,” as well as Section 7 of the RFP. CONTRACTOR may not terminate this Contract except for cause. DRAFT121 17336.0002A\9580036. 349 3.15.2 Discontinuance of Services. Upon receipt of the written Notice of Termination, CONTRACTOR shall discontinue all affected Services as directed in the Notice of Termination, and deliver to SAFE all Documents and Data, as defined in this Contract, as may have been prepared or accumulated by CONTRACTOR in performance of the Services, whether completed or in progress. 3.15.3 Effect of Termination For Convenience. If the termination is to be for the convenience of SAFE, SAFE shall compensate CONTRACTOR for Services fully and adequately provided through the effective date of termination as provided in the Notice of Termination. Such payment shall include a pro-rated amount of profit, if applicable, up through such effective date, but no amount shall be paid for anticipated profit on unperformed Services past such effective date. CONTRACTOR shall provide documentation deemed adequate by SAFE's Representative to show the Services actually completed by CONTRACTOR prior to the effective date of termination. This Contract shall terminate on the effective date of the Notice of Termination. 3.15.4 Effect of Termination for Cause. If the termination is for cause, CONTRACTOR shall be compensated for those Services which have been fully and adequately completed and accepted by SAFE as of the effective date of termination as provided in the Notice of Termination. In such case, SAFE may take over the work and prosecute the same to completion by contract or otherwise. Further, CONTRACTOR shall be liable to SAFE for any reasonable additional costs or damages incurred to revise work for which SAFE has compensated CONTRACTOR under this Contract, but which SAFE has determined in its sole discretion needs to be revised, in part or whole. Termination of this Contract for cause may be considered by SAFE in determining whether to enter into future contracts with CONTRACTOR. 3.15.5 Cumulative Remedies. The rights and remedies of the Parties provided in this Section are in addition to any other rights and remedies provided by law or under this Contract. 3.15.6 Procurement of Similar Services. In the event this Contract is terminated, in whole or in part, as provided by this Section, SAFE may procure, upon such terms and in such manner as it deems appropriate, services similar to those terminated. 3.15.7 Waivers. CONTRACTOR, in executing this Contract, recognizes that the Services may be terminated, in whole or in part, as provided in this Section. CONTRACTOR shall not be entitled to any damages including, but not limited to, any compensation for costs incurred to procure vehicles, meet the terms for providing the Services, or for any other costs or expenses, and shall be deemed to have waived any and all claims for damages, costs or expenses which may otherwise arise from SAFE's termination of this Contract, for convenience or cause, as provided in this Section. 3.15.8 Authorization to Terminate. The Executive Director of SAFE shall have the full authority and discretion to exercise SAFE’s rights under this Section 3.15, entitled “Termination”. DRAFT122 17336.0002A\9580036. 350 3.16 Trend Meetings. CONTRACTOR shall attend, or send a designated management-level representative, to all trend meetings (i.e. required FSP TAC meeting which meets every other month). These trend meetings will encompass focused and informal discussions concerning, but not limited to: scope, Services, schedule, current progress of Services, relevant cost issues, and future objectives. CONTRACTOR shall be responsible for having a representative attend all meetings (i.e. FSP TAC meetings) that has the ability to make management-level decisions on the behalf of the CONTRACTOR. If the CONTRACTOR cannot have a management-level representative at a meeting, CONTRACTOR shall notify SAFE and CHP prior to the meeting. Management-level attendance at these meetings shall be considered part of the CONTRACTOR’s contractual responsibility. Meetings are scheduled, and CONTRACTOR will be notified of such schedule, no later than three (3) working days prior to the meeting. 3.17 Fees and Payment. 3.17.1 Amount to be Paid. Subject to the provisions set forth below for Services satisfactorily performed hereunder, SAFE shall pay the CONTRACTOR on a fixed unit rate basis a ceiling price NOT TO EXCEED One Million Six Hundred Twenty-Five Four Hundred Seventy-Three DOLLARS ($1,625,473). 3.17.2 Maximum Payment is the Ceiling Price. SAFE shall not be obligated to pay costs which exceed the ceiling price set forth above, except as provided in Sections 3.15 and 3.17.10. CONTRACTOR agrees to use its best efforts to perform the services and all obligations under this Contract within such ceiling price. 3.17.3 Hourly Rate; Break and Meal Periods. For its performance of the Services, the CONTRACTOR shall be paid for labor expended directly in the performance of the Services at the rates specified below. Payments shall be made monthly in arrears based on Services provided and allowable incurred expenses. The CONTRACTOR shall not be entitled to reimbursements for any expenses unless approved in advance in writing. SCHEDULE OF HOURLY RATES Classification Year 1 Year 2 Year 3 Year 4 Year 5 Regular Rate $ 77.10 per hour $ 80.07 per hour $ 83.19 per hour $ 86.48 per hour $ 89.94 per hour CFSP/Extra Rate $ 84.81 per hour $ 88.08 per hour $ 91.51 per hour $ 95.13 per hour $ 98.94 per hour Hourly rates may be adjusted as set forth in Chapter 9, Violations/Penalties, of the FSP Standard Operating Procedures (SOP). A) CONTRACTOR is responsible for compliance with all California labor laws related to break periods and meal periods including, but not limited to, compliance with Labor Code section 512. CONTRACTOR shall be solely responsible for any additional pay to which its drivers may be entitled for CONTRACTOR’s failure to comply with the California labor law requirements. DRAFT123 17336.0002A\9580036. 351 B) During shifts that require drivers to be provided a 30- minute meal period break pursuant to Labor Code section 512, CONTRACTOR shall either make arrangements for another certified driver to provide Services during those breaks or not be compensated for each 30-minute meal period break during which Services are not provided. In no case shall CONTRACTOR be entitled to bill RCTC for time during which a driver is taking a meal period break. 3.17.4 Payment Coverage. The compensation herein above specified will cover and include all applicable labor surcharges such as taxes, insurance and fringe benefits, as well as indirect costs, overhead, general and administrative expense, and profit. 3.17.5 Cost Principles. A) CONTRACTOR agrees to comply with 2 CFR, Part 225, Cost Principles for State and Local Government, and 2 CFR, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. B) CONTRACTOR agrees that 1) Contract Cost Principles and Procedures, 48 CFR, Federal Acquisition Regulations System, Chapter 1, Part 31, et seq., shall be used to determine the allowability of individual cost items, and 2) CONTRACTOR shall comply with Federal administrative procedures in accordance with 2 CFR, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. C) Any costs for which CONTRACTOR has received payment or credit that are determined by subsequent audit to be unallowable under 2 CFR, Part 225, 48 CFR, Chapter 1, Part 31 or 2 CFR, Part 200, are subject to repayment by CONTRACTOR to SAFE. Should CONTRACTOR fail to reimburse moneys due SAFE within 30 days of demand, or within such other period as may be agreed in writing between the Parties hereto, SAFE is authorized to intercept and withhold future payments due CONTRACTOR from SAFE or any third-party source, including, but not limited to, the State Treasurer, the State Controller, and the California Transportation Commission. 3.17.6 Fines. Fines for starting late; leaving early; taking more breaks than authorized; or being ordered out of service by a CHP, SAFE Representative or Caltrans supervisor for Contract infractions shall be deducted from the CONTRACTOR’s monthly invoice at five (5) times the hourly rate, plus the loss of revenue for the down time. Fines may be further described in the attached Exhibit “A” or Exhibit “B”. 3.17.7 Accounting System. CONTRACTOR and its subcontractors shall establish and maintain an accounting system and records that properly accumulate and segregate expenditures by line item for the Services. The accounting system of CONTRACTOR and its subcontractors shall conform to Generally Accepted Accounting Principles (GAAP), enable the determination of incurred costs at interim points of completion, and provide support for reimbursement payment vouchers or invoices. DRAFT124 17336.0002A\9580036. 352 3.17.8 Invoices. Invoices for CONTRACTOR’s Services shall be submitted monthly on forms approved by SAFE. Invoices will be routinely verified by CHP. To ensure prompt payment, most billing disputes may be resolved within ten (10) working days of written notice of dispute. However, at SAFE’s discretion, reconciliation of disputed fines that sum to less than 2% of the months’ Invoice may be corrected on the next month’s Invoice to ensure prompt payment of the major portion of the invoice. Each Invoice shall include a cover sheet bearing a certification as to the accuracy of the statement signed by the CONTRACTOR’s authorized officer. Invoices shall be mailed to SAFE’s Contract Administrator at the following address: Riverside County Service Authority for Freeway Emergencies FSP Program P.O. Box 12008 Riverside, CA 92502-2208 Attn: Brian Cunanan 3.17.8.1 Payment Schedule. Invoice periods shall be based upon a calendar month, beginning with the first day of the month. SAFE shall reimburse CONTRACTOR for Services adequately provided under this Contract within thirty (30) days of receiving the current period invoice with no errors. If the Invoice is completed incorrectly by the CONTRACTOR it will delay payment. If SAFE fails to pay any amount owed to CONTRACTOR under this Contract within thirty (30) days after receipt of the invoice, CONTRACTOR may give SAFE a notice of failure to pay which shall set forth the invoice(s) and amount(s) which CONTRACTOR believes are thirty (30) days overdue. SAFE shall pay any undisputed invoice(s) and amount(s) within thirty (30) days of receipt of a notice of failure to pay. 3.17.9 Right to Audit. For the purpose of determining compliance with this Contract and other matters connected with the performance of CONTRACTOR’s contracts with third parties, CONTRACTOR and its subcontractors shall each maintain and make available for inspection all books, documents, papers, accounting records, and other evidence pertaining to the performance of such contracts, including, but not limited to, the costs of administering those various contracts. All of the above referenced parties shall make such materials available at their respective offices at all reasonable times for three years from the date of final payment of Funds to CONTRACTOR. SAFE, the State of California acting through the Department of Transportation or its duly authorized representative, the California State Auditor, or the United States Department of Transportation shall each have access to any books, records, and documents that are pertinent for audits, examinations, excerpts, and transactions, and CONTRACTOR shall furnish copies thereof if requested. 3.17.10 Taxes. CONTRACTOR shall pay any sales, use, or other taxes, if any, attributable to the provision of the Services. 3.17.11 Travel and Subsistence. Payments to CONTRACTOR for travel and subsistence expenses claimed for reimbursement or applied as local match credit shall not exceed rates authorized to be paid exempt non-represented State employees under DRAFT125 17336.0002A\9580036. 353 current State Department of Personnel Administration (DPA) rules. If the rates invoiced are in excess of those authorized DPA rates, then CONTRACTOR is responsible for the cost difference and any overpayments shall be reimbursed to SAFE on demand. 3.17.12 Employment Adverse to the SAFE. CONTRACTOR shall notify SAFE, and shall obtain SAFE’s written consent, prior to accepting work to assist with or participate in a third-party lawsuit or other legal or administrative proceeding against SAFE during the term of this Contract. 3.17.13 Extra Work. At any time during the term of this Contract, SAFE may request CONTRACTOR to perform Extra Work. “Extra Work” shall mean any work which is determined by SAFE to be necessary for proper completion of the Services, but which the Parties did not reasonably anticipate would be necessary at the time of the execution of this Contract and was not included in the Scope of Services. Extra Work, if any, shall be reimbursed at the same hourly rate as identified in Section 3.17.3. CONTRACTOR shall not perform, nor be compensated for Extra Work without obtaining authorization in the form of a written Extra Work Order issued by SAFE’s Representative. For instance, Construction FSP services as it relates to construction activity can be considered Extra Work. In the event an Extra Work Order is not issued and signed by SAFE’s Representative, CONTRACTOR shall not provide such Extra Work. However, no compensation or reimbursement for Extra Work shall be paid if it is not authorized by SAFE and if the cumulative total of such Extra Work under the Contract exceeds $25,000. All Extra Work in a cumulative total in excess of $25,000 must be approved in advance by amendment to this Contract. 3.17.13.1 Extra Work Cancellation Policy. If a tow operator is scheduled for Extra Work and they are notified of a cancellation with LESS than a 24 hour notice – then the tow operator will be reimbursed for three (3) hours of the agreed upon contract hourly rate. Note: The minimum of the three (3) hours should cover eight hours of the drivers’ hourly wage. Starting with “Less than a 24 hour cancellation notice” up to the time the tow operator is on the assigned Extra Work Beat, the “three contract hour cancellation rate” remains the same. Once the tow operator is on the Extra Work Beat, the cancellation policy changes. If a tow operator begins the Extra Work (the truck is on the Beat) and is then notified that Extra Work has been cancelled, the FSP operator will be paid for the entire shift period up to a maximum of eight (8) hours. A shift period for this policy is defined as: the time period of the actual Extra Work shift assigned or for a maximum of eight (8) contract hours, whichever is less. The supervising FSP CHP Officer for the Extra Work shift will make the final determination as to whether or not the tow operator will continue to work the Extra Work shift. Regardless, the tow operator will be reimbursed for the original shift period or a maximum or eight (8) hours, whichever is less. 3.17.14 Most Favored Customer. CONTRACTOR agrees that, throughout the term of this Contract, it shall not enter into any FSP services agreement with any government agency with whom it has either existing contractual relationship or has no DRAFT126 17336.0002A\9580036. 354 contractual relationship that predates this Contract, pursuant to which CONTRACTOR agrees to charge FSP services fees less than those as indicated in this Contract for substantially the same level of FSP services contemplated by this Contract. Should SAFE establish that such lower fees have been agreed to by CONTRACTOR with another government agency, CONTRACTOR agrees to renegotiate the fees or to refund SAFE an amount equal to the difference between the fees indicated in this Contract and the fees charged to other government agency customer. 3.18 Delay in Performance. 3.18.1 Excusable Delays. Neither Party shall be considered in default in the performance of its obligations to the extent that the performance of any such obligation is prevented or delayed by an Excusable Delay. Should CONTRACTOR be delayed or prevented from the timely performance of any act or Services required by the terms of the Contract by an Excusable Delay, Contractor’s schedule for completion of tasks affected by such delay may be extended as set forth in Section 3.18.2. But in every case, CONTRACTOR’s failure to perform must be reasonably beyond the control, and without the fault or negligence of the CONTRACTOR. Excusable Delays are acts of God or of the public enemy, acts or omissions of SAFE or other governmental agencies in either their sovereign or contractual capacities, fires, floods, epidemics, quarantine restrictions, strikes, freight embargoes or unusually severe weather. 3.18.2 Written Notice. If CONTRACTOR believes it is entitled to an extension of time due to conditions set forth in subsection 3.18.1, CONTRACTOR shall provide written notice to the SAFE within seven (7) working days from the time CONTRACTOR knows, or reasonably should have known, that performance of the Services will be delayed due to such conditions. Failure of CONTRACTOR to provide such timely notice shall constitute a waiver by CONTRACTOR of any right to an excusable delay in time of performance. 3.18.3 Mutual Contract. Performance of any Services under this Contract may be delayed upon mutual agreement of the Parties. Upon such agreement, CONTRACTOR's Schedule of Services (as defined in their Proposal) shall be extended as necessary by SAFE. CONTRACTOR shall take all reasonable steps to minimize delay in completion, and additional costs, resulting from any such extension. 3.19 Status of CONTRACTOR/Subcontractors. 3.19.1 Independent Contractor. The Services shall be performed by CONTRACTOR or under its supervision. CONTRACTOR will determine the means, methods and details of performing the Services subject to the requirements of this Contract. SAFE retains CONTRACTOR on an independent contractor basis and not as an employee, agent or representative of the SAFE. CONTRACTOR retains the right to perform similar or different services for others during the term of this Contract. Any additional personnel performing the Services under this Contract on behalf of CONTRACTOR shall at all times be under CONTRACTOR's exclusive direction and control. CONTRACTOR shall pay all wages, DRAFT127 17336.0002A\9580036. 355 salaries and other amounts due such personnel in connection with their performance of Services and as required by law. CONTRACTOR shall be responsible for all reports and obligations respecting such personnel, including but not limited to, social security taxes, income tax withholdings, unemployment insurance, disability insurance, and workers' compensation insurance. 3.19.2 Assignment or Transfer. CONTRACTOR shall not assign, hypothecate, or transfer, either directly or by operation of law, this Contract or any interest herein, without the prior written consent of SAFE. Any attempt to do so shall be null and void, and any assignees, hypothecates or transferees shall acquire no right or interest by reason of such attempted assignment, hypothecation or transfer. Notwithstanding the foregoing, SAFE may transfer or assign any and all of its rights and obligations under this Contract, including, without limitation the rights to terminate this Contract, as assigned, pursuant to Section 3.15 hereof. 3.19.3 Subcontracting. CONTRACTOR shall not subcontract any portion of the work or Services required by this Contract, except as expressly stated herein, including the Scope of Services, without prior written approval of the SAFE. Subcontracts, if any, shall contain a provision making them subject to all provisions stipulated in this Contract. SAFE shall have no liability to any subconsultant(s) for payment for services under this Contract or other work performed for CONTRACTOR, and any subcontract entered into by CONTRACTOR pursuant to the conduct of services under this Contract shall duly note that the responsibility for payment for the technical services or any other work performed shall be the sole responsibility of CONTRACTOR. 3.20 CONTRACTOR will maintain an inventory of all non-expendable equipment, defined as having a useful life of at least two years and an acquisition cost of $500 or more, paid for with funds provided pursuant to this Contract. 3.21 Ownership of Materials and Confidentiality. 3.21.1 Documents & Data; Licensing of Intellectual Property. All plans, specifications, studies, drawings, estimates, materials, data, and other documents or works of authorship fixed in any tangible medium of expression, including but not limited to, physical drawings, spreadsheets, or data magnetically or otherwise recorded on computer diskettes, prepared by or on behalf of CONTRACTOR under this Contract (“Documents and Data”), shall be made available to SAFE at all times during this Contract and shall become the property of SAFE upon the completion of the term of this Contract, except that CONTRACTOR shall have the right to retain copies of all such Documents and Data for its records. Should CONTRACTOR, either during or following termination of this Contract, desire to use any Documents and Data, it shall first obtain the written approval of SAFE. This Contract creates a no-cost, nonexclusive, and perpetual license for SAFE to copy, use, modify, reuse, or sublicense any and all copyrights, designs, and other intellectual property embodied in the Documents and Data which are prepared or caused to be prepared by CONTRACTOR under this Contract (“Intellectual Property”). CONTRACTOR shall require all subcontractors to agree in writing that SAFE is granted a no-cost, nonexclusive, and DRAFT128 17336.0002A\9580036. 356 perpetual license for any Intellectual Property the subcontractor prepares under this Contract. CONTRACTOR represents and warrants that CONTRACTOR has the legal right to license any and all Intellectual Property prepared or caused to be prepared by CONTRACTOR under this Contract. SAFE shall not be limited in any way in its use of the Intellectual Property at any time, provided that any such use not within the purposes intended by this Contract shall be at SAFE's sole risk. 3.21.2 Confidentiality. All ideas, memoranda, specifications, plans, procedures, drawings, descriptions, computer program data, input record data, written information, and other Documents and Data either created by or provided to CONTRACTOR in connection with the performance of this Contract shall be held confidential by CONTRACTOR to the extent permitted by law, including, without limitation, the California Public Records Act, Government Code section 6250 et seq. Such materials shall not, without the prior written consent of SAFE, be used by CONTRACTOR for any purposes other than the performance of the Services as provided herein. Nor shall such materials be disclosed to any person or entity not connected with the performance of the Services, except as provided herein. Nothing furnished to CONTRACTOR which is otherwise known to CONTRACTOR or is generally known, or becomes known, to the related industry shall be deemed confidential. CONTRACTOR shall not use SAFE's name or insignia, photographs, or any publicity pertaining to the Services in any magazine, trade paper, newspaper, television or radio production, or other similar medium without the prior written consent of SAFE. 3.22 Indemnification. CONTRACTOR shall indemnify and hold SAFE, COMMISSION, CHP, Caltrans and their directors, officials, officers, agents, contractors, consultants, employees, and volunteers free and harmless from any and all claims, demands, causes of action, costs, expenses, liabilities, losses, damages or injuries, in law or in equity, to property or persons, including wrongful death, in any manner arising out of, or incident to, any acts, omissions, or willful misconduct of the CONTRACTOR, its officials, officers, employees, agents, consultants, and contractors arising out of or in connection with the performance of the Services or this Contract, including without limitation, the payment of all consequential damages and other related costs and expenses. CONTRACTOR shall defend, at CONTRACTOR’s own cost, expense and risk, any and all such aforesaid suits, actions, or other legal proceedings of every kind that may be brought or instituted against SAFE, COMMISSION, CHP, Caltrans or their directors, officials, officers, agents, contractors, consultants, employees, and volunteers. CONTRACTOR shall pay and satisfy any judgment, award, or decree that may be rendered against SAFE, COMMISSION, CHP, Caltrans or their directors, officials, officers, agents, consultants, employees, and volunteers, in any such suit, action, or other legal proceeding. CONTRACTOR shall reimburse SAFE, COMMISSION, CHP, Caltrans and their directors, officials, officers, agents, consultants, employees, and volunteers, for any and all legal expenses and costs incurred by each of them in connection therewith or in enforcing the indemnity herein provided. CONTRACTOR’s obligation to indemnify shall not be restricted to insurance proceeds, if any, received by the CONTRACTOR, SAFE, COMMISSION, CHP, Caltrans or their directors, officials, officers, agents, consultants, employees, and volunteers. DRAFT129 17336.0002A\9580036. 357 3.23 Insurance. 3.23.1 Time for Compliance. CONTRACTOR shall not commence work under this Agreement until it has provided evidence satisfactory to SAFE that it has secured all insurance required under this section, in a form and with insurance companies acceptable to SAFE. In addition, CONTRACTOR shall not allow any subcontractor to commence work on any subcontract until it has secured all insurance required under this section. 3.23.2 Minimum Requirements. CONTRACTOR shall, at its expense, procure and maintain for the duration of the Agreement insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the Agreement by the CONTRACTOR, its agents, representatives, employees or subcontractors. CONTRACTOR shall also require all of its subcontractors to procure and maintain the same insurance for the duration of the Agreement. Such insurance shall meet at least the following minimum levels of coverage: (A) Minimum Scope of Insurance. Coverage shall be at least as broad as the latest version of the following: (1) General Liability: Insurance Services Office Commercial General Liability coverage (occurrence form CG 0001 or exact equivalent); (2) Automobile Liability: Insurance Services Office Business Auto Coverage (form CA 0001, code 1 (any auto) or exact equivalent); and (3) Workers’ Compensation and Employer’s Liability: Workers’ Compensation insurance as required by the State of California and Employer’s Liability Insurance. (B) Minimum Limits of Insurance. CONTRACTOR shall maintain limits no less than: (i) General Liability: Per occurrence: $2,000,000 Project Specific Aggregate: $4,000,000 Products/Completed Operations: $1,000,000 Personal Injury Limit: $1,000,000 (ii) Automobile Liability: $1,000,000 per accident for bodily injury and property damage; and (iii) Workers’ Compensation and Employer’s Liability: Workers’ Compensation limits as required by the Labor Code of the State of California. Employer’s Practices Liability limits of $1,000,000 per accident. 3.23.3 On-Hook Insurance. CONTRACTOR shall maintain a policy of On-Hook Towing Insurance to include the care, custody or control exposure present while vehicles are being serviced roadside, on-hook, or in a storage yard for not less than one hundred thousand dollars ($100,000). 3.23.4 Insurance Endorsements. The insurance policies shall contain the DRAFT130 17336.0002A\9580036. 358 following provisions, or CONTRACTOR shall provide endorsements on forms approved by SAFE to add the following provisions to the insurance policies: (A) General Liability. (i) Commercial General Liability Insurance must include coverage for (1) bodily Injury and property damage; (2) personal Injury/advertising Injury; (3) premises/operations liability; (4) products/completed operations liability; (5) aggregate limits that apply per Project; (6) explosion, collapse and underground (UCX) exclusion deleted; (7) contractual liability with respect to this Agreement; (8) broad form property damage; and (9) independent consultants coverage. (ii) The policy shall contain no endorsements or provisions limiting coverage for (1) contractual liability; (2) cross liability exclusion for claims or suits by one insured against another; or (3) contain any other exclusion contrary to this Agreement. (iii) The policy shall give SAFE, COMMISSION, CHP, Caltrans and their directors, officials, officers, employees, and agents insured status using ISO endorsement forms 20 10 10 01 and 20 37 10 01, or endorsements providing the exact same coverage. (iv) The additional insured coverage under the policy shall be “primary and non-contributory” and will not seek contribution from SAFE, COMMISSION, CHP, or Caltrans insurance or self-insurance and shall be at least as broad as CG 20 01 04 13, or endorsements providing the exact same coverage. (B) Automobile Liability. The automobile liability policy shall be endorsed to state that: (1) SAFE, COMMISSION, CHP, Caltrans and their directors, officials, officers, employees and agents shall be covered as additional insureds with respect to the ownership, operation, maintenance, use, loading or unloading of any auto owned, leased, hired or borrowed by the CONTRACTOR or for which the CONTRACTOR is responsible; and (2) the insurance coverage shall be primary insurance as respects SAFE, COMMISSION, CHP, Caltrans and their directors, officials, officers, employees and agents, or if excess, shall stand in an unbroken chain of coverage excess of the CONTRACTOR’s scheduled underlying coverage. Any insurance or self-insurance maintained by SAFE, COMMISSION, CHP, Caltrans or their directors, officials, officers, employees and agents shall be excess of the CONTRACTOR’s insurance and shall not be called upon to contribute with it in any way. (C) Workers’ Compensation and Employers Liability Coverage. (i) CONTRACTOR certifies that he/she is aware of the provisions of Section 3700 of the California Labor Code which requires every employer to be insured against liability for workers’ compensation or to undertake self-insurance in accordance with the provisions of that code, and he/she will comply with such provisions before commencing work under this Agreement. DRAFT131 17336.0002A\9580036. 359 (ii) The insurer shall agree to waive all rights of subrogation against SAFE, its directors, officials, officers, employees and agents for losses paid under the terms of the insurance policy which arise from work performed by the CONTRACTOR. (D) All Coverages. (i) Defense costs shall be payable in addition to the limits set forth hereunder. (ii) Requirements of specific coverage or limits contained in this section are not intended as a limitation on coverage, limits, or other requirement, or a waiver of any coverage normally provided by any insurance. It shall be a requirement under this Agreement that any available insurance proceeds broader than or in excess of the specified minimum insurance coverage requirements and/or limits set forth herein shall be available to SAFE, its directors, officials, officers, employees and agents as additional insureds under said policies. Furthermore, the requirements for coverage and limits shall be (1) the minimum coverage and limits specified in this Agreement; or (2) the broader coverage and maximum limits of coverage of any insurance policy or proceeds available to the named insured; whichever is greater. (iii) The limits of insurance required in this Agreement may be satisfied by a combination of primary and umbrella or excess insurance. Any umbrella or excess insurance shall contain or be endorsed to contain a provision that such coverage shall also apply on a primary and non-contributory basis for the benefit of SAFE, COMMISSION, CHP, and Caltrans (if agreed to in a written contract or agreement) before SAFE, COMMISSION, CHP or Caltrans own insurance or self-insurance shall be called upon to protect it as a named insured. The umbrella/excess policy shall be provided on a “following form” basis with coverage at least as broad as provided on the underlying policy(ies). (iv) CONTRACTOR shall provide SAFE at least thirty (30) days prior written notice of cancellation of any policy required by this Agreement, except that the CONTRACTOR shall provide at least ten (10) days prior written notice of cancellation of any such policy due to non-payment of premium. If any of the required coverage is cancelled or expires during the term of this Agreement, the CONTRACTOR shall deliver renewal certificate(s) including the General Liability Additional Insured Endorsement to SAFE at least ten (10) days prior to the effective date of cancellation or expiration. (v) The retroactive date (if any) of each policy is to be no later than the effective date of this Agreement. CONTRACTOR shall maintain such coverage continuously for a period of at least three years after the completion of the work under this Agreement. CONTRACTOR shall purchase a one (1) year extended reporting period A) if the retroactive date is advanced past the effective date of this Agreement; B) if the policy is cancelled or not renewed; or C) if the policy is replaced by another claims-made policy with a retroactive date subsequent to the effective date of this Agreement. (vi) The foregoing requirements as to the types and limits of insurance DRAFT132 17336.0002A\9580036. 360 coverage to be maintained by CONTRACTOR, and any approval of said insurance by SAFE, is not intended to and shall not in any manner limit or qualify the liabilities and obligations otherwise assumed by the CONTRACTOR pursuant to this Agreement, including but not limited to, the provisions concerning indemnification. (vii) If at any time during the life of the Agreement, any policy of insurance required under this Agreement does not comply with these specifications or is canceled and not replaced, SAFE has the right but not the duty to obtain the insurance it deems necessary and any premium paid by SAFE will be promptly reimbursed by CONTRACTOR or SAFE will withhold amounts sufficient to pay premium from CONTRACTOR payments. In the alternative, SAFE may cancel this Agreement. SAFE may require the CONTRACTOR to provide complete copies of all insurance policies in effect for the duration of the Project. (viii) Neither SAFE, COMMISSION, CHP, Caltrans nor any of their directors, officials, officers, employees or agents shall be personally responsible for any liability arising under or by virtue of this Agreement. Each insurance policy required by this Agreement shall be endorsed to state that: 3.23.5 Deductibles and Self-Insurance Retentions. Any deductibles or self-insured retentions must be declared to and approved by SAFE. If SAFE does not approve the deductibles or self-insured retentions as presented, CONTRACTOR shall guarantee that, at the option of SAFE, either: (1) the insurer shall reduce or eliminate such deductibles or self-insured retentions as respects SAFE, its directors, officials, officers, employees and agents; or, (2) the CONTRACTOR shall procure a bond guaranteeing payment of losses and related investigation costs, claims and administrative and defense expenses. 3.23.6 Acceptability of Insurers. Insurance is to be placed with insurers with a current A.M. Best’s rating no less than A:VIII, licensed to do business in California, and satisfactory to SAFE. 3.23.7 Verification of Coverage. CONTRACTOR shall furnish SAFE with original certificates of insurance and endorsements effecting coverage required by this Agreement on forms satisfactory to SAFE. The certificates and endorsements for each insurance policy shall be signed by a person authorized by that insurer to bind coverage on its behalf. All certificates and endorsements must be received and approved by SAFE before work commences. SAFE reserves the right to require complete, certified copies of all required insurance policies, at any time. 3.23.8 Subcontractor Insurance Requirements. CONTRACTOR shall not allow any subcontractors to commence work on any subcontract until they have provided evidence satisfactory to SAFE that they have secured all insurance required under this section. Policies of commercial general liability insurance provided by such subcontractors or DRAFT133 17336.0002A\9580036. 361 subcontractors shall be endorsed to name SAFE, COMMISSION, CHP and Caltrans as additional insureds using ISO form CG 20 38 04 13 or an endorsement providing the exact same coverage. If requested by CONTRACTOR, SAFE may approve different scopes or minimum limits of insurance for particular subcontractors or subcontractors. 3.23.9 Review of Coverage. SAFE retains the right at any time to review the coverage, form and amount of insurance required herein and may require CONTRACTOR to obtain additional insurance reasonably sufficient in coverage, form, amount to provide adequate protection against the kind and extent of risk which exists at the time of change in insurance required. 3.23.10 Safety. CONTRACTOR shall execute and maintain its work so as to avoid injury or damage to any person or property. In carrying out its Services, the CONTRACTOR shall at all times be in compliance with all applicable local, state and federal laws, rules and regulations, and shall exercise all necessary precautions for the safety of employees appropriate to the nature of the work and the conditions under which the work is to be performed. Safety precautions as applicable shall include, but shall not be limited to: (A) adequate life protection and life saving equipment and procedures; (B) instructions in accident prevention for all employees and subcontractors, such as safe walkways, scaffolds, fall protection ladders, bridges, gang planks, confined space procedures, trenching and shoring, equipment and other safety devices, equipment, and wearing apparel as are necessary or lawfully required to prevent accidents or injuries; and (C) adequate facilities for the proper inspection and maintenance of all safety measures. 3.24 Prohibited Interests. 3.24.1 Solicitation. CONTRACTOR maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for CONTRACTOR, to solicit or secure this Contract. Further, CONTRACTOR warrants that it has not paid nor has it agreed to pay any company or person, other than a bona fide employee working solely for CONTRACTOR, any fee, percentage, brokerage fee, gift, or other consideration contingent upon or resulting from the award or making of this Contract. For breach or violation of this warranty, SAFE shall have the right to rescind this Contract without liability. 3.24.2 Conflict of Interest. For the term of this Contract, no member, officer or employee of SAFE, during the term of his or her service with SAFE, shall have any direct interest in this Contract, or obtain any present or anticipated material benefit arising therefrom. 3.24.3 Conflict of Employment. Employment by the CONTRACTOR of personnel currently on the payroll of SAFE shall not be permitted in the performance of this Contract, even though such employment may occur outside of the employee's regular working hours or on weekends, holidays, or vacation time. Further, the employment by the CONTRACTOR of personnel who have been on SAFE payroll within one year prior to the DRAFT134 17336.0002A\9580036. 362 date of execution of this Contract, where this employment is caused by, and or dependent upon, the CONTRACTOR securing this or related Contracts with SAFE, is prohibited. 3.25 Equal Opportunity Employment. CONTRACTOR represents that it is an equal opportunity employer and it shall not discriminate against any subcontractor, employee, or applicant for employment because of race, religion, color, national origin, ancestry, sex, age, disability (including HIV and AIDS), mental disability, medical condition (cancer), marital status, denial of family and medical care leave, or denial of pregnancy disability leave. Such non-discrimination shall include, but not be limited to, all activities related to initial employment, upgrading, demotion, transfer, recruitment or recruitment advertising, layoff, or termination. Employment and Housing Act (Gov. Code Section 12900 et seq.) and the applicable regulations promulgated thereunder (Cal. Admin. Code, Tit. 2, Section 7285.0 et seq.): The applicable regulations of the Fair Employment and Housing Commission implementing Government Code, Sec 12900, set forth in Chapter 5 of Division 4 of Title 2 of the California Administrative Code, Sec 12900, set forth in Chapter 5 of Division 4 of Title 2 of the California Administrative Code are incorporated into this Contract by reference and made a part hereof as if set forth in full. CONTRACTOR shall include the provisions of this Section in all of CONTRACTOR’s subcontracts with respect to work under this Agreement, unless exempted by the Regulations. CONTRACTOR shall also comply with all relevant provisions of SAFE's Minority Business Enterprise program, Affirmative Action Plan, or other related SAFE programs or guidelines currently in effect or hereinafter enacted. 3.26 Right to Employ Other CONTRACTORs. SAFE reserves the right to employ other CONTRACTORs in connection with the Services. 3.27 Governing Law. The validity of this Contract and of any of its terms or provisions, as well as the rights and duties of the parties hereunder, shall be governed by and construed with the laws of the State of California. 3.28 Venue. The Parties acknowledge and agree that this Contract was entered into and intended to be performed in Riverside County, California. The Parties agree that the venue for any action or claim brought by any Party will be the Central District of Riverside County. Each Party hereby waives any law or rule of court which would allow them to request or demand a change of venue. If any action or claim concerning this Contract is brought by any third party, the Parties agree to use their best efforts to obtain a change of venue to the Central District of Riverside County. 3.29 Time of Essence. Time is of the essence for each and every provision of this Contract. 3.30 Headings. Article and section headings, paragraph captions, or marginal headings contained in this Contract are for convenience only and shall have no effect in the construction or interpretation of any provision herein. 3.31 Notices. All notices hereunder and communications regarding interpretation of the terms of this Contract or changes thereto shall be given to the respective DRAFT135 17336.0002A\9580036. 363 Parties at the following addresses, or at such other addresses as the respective Parties may provide in writing for this purpose: CONTRACTOR: Royal Coaches Auto Body & Towing 14827 Ramona Blvd. Baldwin Park, CA 91706 Attn: William Salazar SAFE: Riverside County Service Authority for Freeway Emergencies FSP Program P.O. Box 12008 Riverside, CA 92502-2208 Attn: Brian Cunanan Such notice shall be deemed made when personally delivered or when mailed, forty-eight (48) hours after deposit in the U.S. mail, first class postage prepaid, and addressed to the Party at its applicable address. Actual notice shall be deemed adequate notice on the date actual notice occurred, regardless of the method of service. 3.32 Electronic Delivery of Agreement. A manually signed copy of this Agreement which is transmitted by facsimile, email or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original executed copy of the Agreement for all purposes. 3.33 Amendment or Modification. No supplement, modification, or amendment of this Agreement shall be binding unless executed in writing and signed by both Parties. 3.34 Entire Contract. This Agreement contains the entire Agreement of the Parties relating to the subject matter hereof and supersedes all prior negotiations, contracts or understandings. 3.35 Invalidity; Severability. If any portion of this Agreement is declared invalid, illegal, or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect. 3.36 No Waiver. Failure of CONTRACTOR to insist on any one occasion upon strict compliance with any of the terms, covenants or conditions hereof shall not be deemed a waiver of such term, covenant or condition, nor shall any waiver or relinquishment of any rights or powers hereunder at any one time or more times be deemed a waiver or relinquishment of such other right or power at any other time or times. 3.37 Eight-Hour Law. Pursuant to the provisions of the California Labor Code, eight hours of labor shall constitute a legal day's work, and the time of service of any worker employed on the work shall be limited and restricted to eight hours during any one calendar day, and forty hours in any one calendar week, except when payment for overtime is made at not less than one and one-half the basic rate for all hours worked in excess of eight hours per DRAFT136 17336.0002A\9580036. 364 day ("Eight-Hour Law"), unless CONTRACTOR or the Services are not subject to the Eight- Hour Law. CONTRACTOR shall forfeit to SAFE as a penalty, $50.00 for each worker employed in the execution of this Agreement by him, or by any sub-consultant under him, for each calendar day during which such workman is required or permitted to work more than eight hours in any calendar day and forty hours in any one calendar week without such compensation for overtime violation of the provisions of the California Labor Code, unless CONTRACTOR or the Services are not subject to the Eight-Hour Law. 3.38 Subpoenas or Court Orders. Should CONTRACTOR receive a subpoena or court order related to this Agreement, the Services or the Project, CONTRACTOR shall immediately provide written notice of the subpoena or court order to the SAFE. CONTRACTOR shall not respond to any such subpoena or court order until notice to the SAFE is provided as required herein, and shall cooperate with the SAFE in responding to the subpoena or court order. 3.39 Survival. All rights and obligations hereunder that by their nature are to continue after any expiration or termination of this Agreement, including, but not limited to, the indemnification and confidentiality obligations, and the obligations related to receipt of subpoenas or court orders, shall survive any such expiration or termination. 3.40 Counterparts. This Agreement may be signed in one or more counterparts, any one of which shall be effective as an original document. 3.41 Incorporation of Recitals. The recitals set forth above are true and correct and are incorporated into this Agreement as though fully set forth herein. 3.42 Conflicting Provisions. In the event that provisions of any attached exhibits conflict in any way with the provisions set forth in this Agreement, the language, terms and conditions contained in this Agreement shall control the actions and obligations of the Parties and the interpretation of the Parties’ understanding concerning the performance of the Services. In the event the standards set forth in this Agreement conflict with the standards set forth in any exhibit hereto, the higher standard shall govern. 3.43 Attorneys' Fees and Costs. If any legal action is instituted to enforce or declare any Party's rights hereunder, each Party, including the prevailing Party, must bear its own costs and attorneys' fees. This paragraph shall not apply to those costs and attorneys' fees directly arising from any third party legal action against a Party hereto and payable under Section 3.21, Indemnification. 3.44 Consent. Whenever consent or approval of any Party is required under this Contract, that Party shall not unreasonably withhold nor delay such consent or approval. 3.45 No Third Party Beneficiaries. There are no intended third party beneficiaries of any right or obligation assumed by the Parties. DRAFT137 17336.0002A\9580036. 365 [Signatures on following page] DRAFT138 17336.0002A\9580036. 366 SIGNATURE PAGE TO AGREEMENT 20-45-030-00 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first herein written above. RIVERSIDE COUNTY TRANSPORTATION COMMISSION ROYAL COACHES AUTO BODY & TOWING ACTING AS THE RIVERSIDE COUNTY SERVICE AUTHORITY FOR FREEWAY EMERGENCIES By: ____________________________ By: _____________________________ Anne Mayer, Executive Director _____________________________ Name _____________________________ Title APPROVED AS TO FORM: Attest: By: ____________________________ By: ____________________________ Best Best & Krieger LLP, Counsel to the Riverside County Its: Secretary Service Authority for Freeway Emergencies DRAFT139 17336.0002A\9580036. 367 EXHIBIT “A” Scope of Services DRAFT140 SCOPE OF SERVICES APPENDIX A - 1 1.0 GENERAL INFORMATION 1.1 Background & Introduction In 1986, the Commission established itself as the Riverside County Service Authority for Freeway Emergencies (RC SAFE) after the enactment of SB 1199 in 1985. The purpose of the formation of SAFEs in California was to provide call box services and, with excess funds, provide additional motorist aid services. Funding for RC SAFE is derived from a one dollar per vehicle registration fee on vehicles registered in Riverside County. Initially, these funds were used only for the call box program. As additional motorist aid services were developed, SAFE funds were also used to provide Freeway Service Patrol (FSP) and the Inland Empire 511 traveler information services as part of a comprehensive motorist aid system in Riverside County. In 1990, Proposition C was passed to fund transportation improvements and to help reduce traffic congestion in California. From this, the FSP program was created by Caltrans, which developed the corresponding Local Funding Allocation Plan to distribute funds to participating jurisdictions. In addition to funding received from Caltrans, agencies are required to contribute a 25 percent local match. For the Commission, SAFE revenues are used to meet this match requirement. The Commission, acting in its capacity as the SAFE, is the principal agency in Riverside County, in partnership with Caltrans and the California Highway Patrol (CHP), managing the FSP program. The purpose of the FSP program is to provide a continuously roving tow services patrol along designated freeway segments (referred to as beats) to relieve freeway congestion and facilitate the rapid removal of disabled vehicles and those involved in minor accidents on local freeways. Contracts to provide FSP tow service are competitively bid as needed for each beat. 1.2 Project Description The purpose of the FSP program is to provide a continuous roving patrol for the rapid removal of disabled vehicles and those involved in minor accidents from the freeway. Where traffic conditions permit, safe removal of small debris will be required. Vehicle operators shall be responsible for clearing the freeway of automobiles, small trucks, and small debris. When and where conditions warrant, service may be executed on the freeway shoulders. Where conditions do not warrant, vehicle operators will remove the vehicles from the freeway to provide service. FSP vehicles shall continuously patrol their assigned beat, respond to CHP calls for Services, use the designated turnaround locations, and use the CHP identified designated drop locations. FSP vehicle operators may be required to perform minor services such as change flat tires, provide "jump" starts, provide one gallon of gasoline or diesel fuel, temporarily tape cooling system hoses, and refill radiators in a safe and efficient manner. Vehicle operators may spend a maximum of ten (10) minutes per disablement in attempting to mobilize a vehicle. DRAFT141 APPENDIX A - 2 If a disabled vehicle cannot be mobilized within the ten-minute (10) time limit, it shall be towed to a designated drop location identified by the CHP. The motorist can request the FSP vehicle operator to call the CHP Communications Center to request a CHP rotational tow or other services. FSP vehicle operators shall not be allowed to tow as an independent contractor from an incident that occurred during the FSP shift unless called as a rotation tow by CHP after the FSP shift has ended. If called as a rotation tow after a FSP shift, the vehicle operator must remove all FSP markings such as vests, uniforms, and magnetic vehicle signage. There may be some instances where FSP operators may be requested to provide assistance to CHP officers. FSP operators shall follow the instructions of the CHP officer at the scene of any incident within the scope of the FSP program. All FSP services shall be provided at no cost to the motorist. FSP vehicle operators shall not accept gratuities, perform secondary towing services, recommend secondary tows, or recommend repair/body shop businesses. Freeway Service Patrol hours of operation are 5:30 a.m. to 8:30 a.m. and 2:30 p.m. to 6:30 p.m., Monday through Thursday; and 5:30 a.m. to 8:30 a.m. and 12:30 p.m. to 6:30 p.m. on Friday. Contractor vehicles shall be exclusively dedicated to the service during FSP service hours. All vehicle maintenance activities shall be conducted during non-service hours. The FSP operates on selected freeway segments referred to as “Beats”. Each Beat has specific turnaround locations and designated drop locations identified by the California Highway Patrol (CHP). The Scope of Services (Section 2.0) hereunder identifies the specific limits, number of tow trucks, number of back-up trucks, hours of operation, and tentative holidays on which the cost of each beat shall be based. RCTC reserves the right to add or delete holidays to the work schedule. Travel time to and from the Beat will be at the expense of the Contractor. To be awarded a contract, a Contractor must have a tow facility within close proximity to the service area, have been in business as a tow service operator for a minimum of five (5) years, and have a minimum of one (1) full year experience working under contract/agreement and in good standing within the last three (3) years with any type of law enforcement agency. A Contractor with no prior FSP experience shall be considered NEW and may only be awarded one FSP beat. A Contractor that has been terminated for cause from any FSP contract within the state shall not be eligible to participate in the Riverside County FSP program. A NEW Contractor, who remains in good standing, as determined by FSP management, may be considered for additional beat awards in future procurements. An existing Contractor that is not in good standing as determined by information received by the FSP management staff at the time of their proposal may, at the discretion of FSP management, be limited to the number of beats the Contractor is awarded, including not being awarded any beats. DRAFT142 APPENDIX A - 3 FSP Management Staff reserves the right to limit the number of beats awarded to one Contractor. At any time during the contract's term, RCTC reserves the right to adjust Beat specifications and Beat hours to better accommodate demand for the service, or the availability of funding. These changes can occur during the course of the contract through written change orders. If warranted during the service hours of operation, the Contractor may be requested to temporarily reassign his/her FSP operators/trucks to locations outside its assigned Beat. Tow Operators may be permitted to do this only upon CHP and/or RCTC approval. FSP vehicle operators shall follow the instructions of the CHP officer at the scene of any incident within the scope of the FSP program. All FSP services shall be provided at no cost to the motorist. FSP vehicle operators shall not accept gratuities, perform secondary towing services, recommend secondary tows, or recommend repair/body shop businesses. If awarded a contract, the Contractor shall have one hundred sixteen (116) calendar days for Beat 26 and two hundred six (206) calendar days for Beat 25, after the notice to proceed (notice to proceed tentatively expected on or around April 9, 2020), in which to acquire the required equipment and hire and train vehicle operators. The Contractor shall have the appropriate number of primary and back-up trucks ready for equipment installation and CHP inspection no later than July 20, 2020 for Beat 26 and October 19, 2020 for Beat 25. Any company that cannot meet the above-mentioned requirements shall not be awarded the contract(s). 2.0 Beat Description/Summary FSP operates on selected freeway segments referred to as “beats”. Each beat has specific turnaround locations and designated drop locations identified by the CHP. The specific limits, number of tow trucks, number of back-up trucks and hours of operation, including the holiday schedule, are detailed below. SAFE reserves the right to add or delete holidays to the work schedule, provided that SAFE provides CONTRACTOR seven (7) days advanced notice of such addition or deletion. Travel time to and from the beat will be at the expense of the CONTRACTOR. At any time, SAFE reserves the right to adjust beat specifications to better accommodate demand for the Services, or availability of funding. These changes can occur during the course of this Contract through written change orders. If warranted and during the hours of operation of the Services, the CONTRACTOR may be requested to temporarily reassign his/her FSP operators/trucks to locations outside the assigned beat. DRAFT143 APPENDIX A - 4 FSP Beat # Beat Description One-Way Length in Miles # Primary FSP Trucks in both AM and PM # Backup FSP Trucks 25 I-15 from Hidden Valley Parkway to Jurupa Ave 10.4 2 1 26 I-15 from Magnolia Ave to Indian Truck Trail 10.1 2 1 2.1 Hours of Operation: Monday through Thursday: 5:30 a.m. to 8:30 a.m., and from 2:30 p.m. to 6:30 p.m. Friday: 5:30 a.m. to 8:30 a.m., and from 12:30 p.m. to 6:30 p.m. Each Beat requires at least one backup truck available at all times. RCTC reserves the right to change Beat hours and operational requirements during the course of the contract. a. Total estimated service hours per vehicle/per year: 1,950 b. In addition to the above service hours, at the discretion of RCTC and CHP, additional service may be requested on certain “high traffic days” on/or following certain holidays (e.g. July 4th, Labor Day, and Memorial Day). Contractor will be notified at least one week prior to when this service is to be provided. During FSP shifts that require a 30-minute meal period break to be provided pursuant to Labor Code section 512, the Contractor shall either make arrangements for another certified FSP driver to provide the contracted FSP coverage during those breaks or not be compensated for each 30-minute meal period break during which FSP service is not provided. In no case shall the Contractor be entitled to compensation from RCTC for time during which its FSP driver is taking a 30-minute meal period break, unless the Contractor has provided another driver to cover this 30-minute meal period break. 2.2 Holiday Schedule Proposer shall submit its cost proposal for provision of the required FSP tow services five days each week, Monday through Friday, of each year during the contract term, except for the following ten (10) holidays: 1. Martin Luther King, Jr. Day (Monday) 2. Presidents’ Day (Monday) 3. Memorial Day (Monday) 4. Independence Day (July 4 - varies) 5. Labor Day (Monday) DRAFT144 APPENDIX A - 5 6. Veterans Day (varies) 7. Thanksgiving Day (Thursday) 8. Day after Thanksgiving (Friday) 9. Christmas Day (December 25 - varies) 10. New Year’s Day (January 1 – varies) 3.0 FSP Management and Representatives RCTC has entered into a Memorandum of Understanding with the California Department of Transportation (Caltrans) and CHP, in order to provide peak hour freeway service patrols on selected freeway segments for traffic mitigation, as well as air quality improvement within Riverside County. RCTC, Caltrans, and CHP will jointly oversee the service. RCTC serves as the contract administrator and funding partner; Caltrans provides oversight; and CHP is responsible for the daily operations and field supervision of the program. Authority for FSP derives from (a) Section 21718 (A) of the California Vehicle Code, which allows FSP trucks supervised by the CHP to stop on freeways for the purpose of rapid removal of impediments to traffic, and (b) Article 3, Section 91, of the Streets and Highways Code, which states that Caltrans is responsible for traffic management and removing impediments from the highways, as well as improving and maintaining the state highways. 3.1 Standard Operating Procedures The guidelines and policies of the FSP program, which promote a safe work environment and maintain a level of professionalism, are contained in the Standard Operating Procedures (SOP) manual developed by the CHP. The SOP and any updates to it are incorporated into the contract with RCTC, therefore, the Contractor and their vehicle operators are responsible to operate and adhere to the most recent version of the SOP at all times. Contractor shall be held responsible for maintaining an updated SOP (latest version issued with the RFP), which is incorporated herein by reference. SOP revisions and updates shall be unilaterally issued by RCTC or CHP, as deemed necessary by CHP or the FSP Technical Advisory Committee, and all changes, revisions and updates to the SOP, if any, shall supersede all previous or existing SOPs. A copy of the SOP is included as part of the original RFP package and additional hard or soft copies can be provided to all interested parties upon request. Vehicle operators or trucks found not to be in compliance with FSP procedures defined in the SOP may be penalized, suspended, and/or terminated from the FSP program and the company may also be assessed liquidated damages amounts for said violations as described herein. Liquidated damages are inclusive of other remedies at law and/or those described under the terms of the contract. Refer to Proposal Pricing Form for further details on violations and penalties. DRAFT145 APPENDIX A - 6 4.0 Vehicles 4.1 Tow Truck Requirements Primary and back-up FSP tow trucks shall be exclusively dedicated to the FSP program during FSP service hours of operation. They are not required to be exclusive during non-FSP hours. All vehicle maintenance activities shall be conducted during non-Service hours. When conducting the Services on a FSP shift, the CONTRACTOR’s vehicle shall display all FSP markings and the vehicle operator shall wear a FSP uniform. The FSP will utilize, at a minimum, Class A tow trucks with a minimum gross vehicle weight rating of 14,000 pounds, dual wheel chassis, and a four (4) ton recovery equipment rating. All trucks proposed for use in the FSP Program must be less than one (1) year old with a maximum of 50,000 miles on the chassis and working parts of the truck at the onset of the contract, free of any mechanical defects or physical damage and have a clear (non salvage) title. Extenuating circumstances dictating departure from this specification should be at the consensus of the local FSP partners. The CHP, in conjunction with Caltrans or the regional transportation agency, should verify the original purchase dates to ensure compliance. Lastly the truck shall have seating capabilities for five (5) adults. All FSP tow trucks must be Department of Transportation (DOT) compliant, as well as California Air Resources Board (CARB) compliant. This includes an engine that has been certified by CARB, as required by law in the State of California. Any tow truck that is utilized for the FSP Program must comply with emission standards set forth by DOT and CARB, as well as all local, state, and federal laws associated with that truck and as outlined in the RFP. Each tow truck shall be equipped in accordance with the CHP’s Freeway Service Patrol Manual and Standard Operating Procedures Manual and, at a minimum, shall include the following: a. Equipment & Supplies (Required) 1. Wheel lift towing equipment, with a minimum lift rating of 3,000 pounds. All tow equipment shall include proper safety straps. 2. Boom with a minimum static rating of 8,000 pounds. 3. Winch Cable - 8,000 pound rating on the first layer of cable. 4. Wire rope – 100ft., 3/8 inch diameter, 6 x19 or OEM specifications. 5. Two (2) Tow chains 3/8" alloy or OEM specs., J/T hook assembly. 6. Rubber faced push bumper. 7. Mounted spotlight capable of directing a beam both front and rear. 8. Amber warning lights with front and rear directional flashing capability, with on/off switch in cab. 9. Public address system. 10. Power outlets ("hot boxes"), front and rear mounted, with outlets compatible to 12-volt booster cables. 11. Heavy duty, 60+ amp battery. DRAFT146 APPENDIX A - 7 12. Radios with the ability to communicate with the Contractor's base office (Verizon). 13. Programmable scanners capable of scanning between the 39 and 48 MHz used by the CHP. Scanners need to be capable of scanning CHP Police frequencies, and must be mounted for safety concerns. 14. Suitable cab lighting. 15. Trailer hitch capable of handling a 1 7/8-inch ball and 2 inch ball. 16. One (1) 1 7/8-inch ball and one (1) 2 inch ball. 17. Rear work lights. (4) 18. Safety chain D-ring or eyelet mounted on rear of truck. 19. Motorcycle straps. (2) 20. Diesel fuel in plastic jerry cans. (5 gallons) 21. Unleaded gasoline in plastic jerry cans. (5 gallons) 22. Safety chains min. 5ft. min. 5/16” Alloy or OEM Spec. (2) 23. First aid kit (small 5" x 9"). (1) 24. Fire extinguisher aggregate rating of at least 4 B-C units. (1) 25. Pry bar - 36" or longer. (1) 26. Radiator water in plastic container. (5 gallons) 27. 4" x 4" x 48" wooden cross beam. (1) 28. 4" x 4" x 60" wooden cross beam. (1) 29. 24" wide street broom. (1) 30. Square point shovel. (1) 31. Highway flares 360 minutes min. 32. Cones 18" height, reflectorized with tape. 33. Hydraulic Floor Jack: 2-ton AND 34. 2-ton jack stand 35. Wheel chock 36. Four way lug wrench (1 std.). (1) 37. Four way lug wrench (1 metric). (1) 38. Rechargeable compressor or refillable air bottle, hoses and fittings to fit tire valve stems, 100 psi capacity. (1) 39. Flashlight and spare batteries. (1) 40. Tail lights/brake lights, portable remote with extension cord. (1 set) 41. Booster cables, 25 ft. long minimum, 3-gauge copper wire with heavy-duty clamps and one end adapted to truck's power outlets. (1 set) 42. Funnel, multi-purpose, flexible spout. (1) 43. Pop-Up dolly (with tow straps), portable for removing otherwise untowable vehicles. (1) 44. 5-gallon can with lid filled with clean absorb-all. (1) 45. Empty trash can with lid (5 gallon). (1) 46. Lock out set. (1) 47. Safety glasses. DRAFT147 APPENDIX A - 8 b. Equipment & Supplies (Recommended) 48. Towing slings rated at 3,000 pounds minimum. RECOMMENDED 49. Sling crossbar spacer blocks. RECOMMENDED (2) c. Tools (Required) Each FSP truck will be required to have a toolbox with the following minimum number of tools/supplies. A tool kit for small equipment items is required. The list may be supplemented at the Contractor's option and expense. 50. Screwdrivers-- i. Standard-1/8", 3/16", 1/4", 5/16" (1 each, min). ii. Phillips head - #1 and #2 (1 each, min). 51. Needle nose pliers (1) 52. Adjustable rib joint pliers, 2" min. capacity (1) 53. Crescent wrench - 8" (1) 54. Crescent wrench - 12" (1) 55. 4 lb. hammer (1) 56. Rubber mallet (1) 57. Electrical tape, roll (1) 58. Duct tape, 20 yard roll (1) 59. Tire pressure gauge (1) 60. Mechanic's wire (roll) (1) 61. Bolt cutters (1) 4.2 Tow Truck Appearance FSP vehicles bearing the FSP title, logo, and vehicle identification number shall be painted white (includes the hood, fenders, doors, boom, and bed area – the entire truck is to be painted white). No trim is allowed. Lettering shall be in a blocked bold style parallel to the ground and shall be no less than 2 inches by 2 inches and no greater than 4 inches in height. Lettering can only be black in color (no other colors will be permitted). Letters shall be placed on the lower body of the truck toward the cab. Contractor’s name on the boom is prohibited. The overall look of the truck must be approved by CHP prior to service implementation; therefore, any questions regarding this policy may be discussed with CHP prior to implementing, as truck compliance with current state FSP standards is required. No other accessory equipment, signage, or advertisements (mud flaps, stickers, employment advertisement, and so forth) shall be mounted or installed without prior CHP approval. This includes, but is not limited to: bras or window tint. It shall be the vehicle operator’s responsibility to place detachable FSP markings on each vehicle during FSP service hours and to remove the detachable markings immediately upon completion of each shift. RCTC will supply each Contractor with the appropriate number of detachable markings for each Beat(s). If a marking is lost or damaged, the Contractor shall be responsible for the cost of the replacement markings. All FSP markings shall be returned DRAFT148 APPENDIX A - 9 at the termination of the contract. The cost of any RCTC and/or Caltrans/CHP supplied item and/or equipment not returned shall be deducted from the Contractor's final payment. FSP markings, as well as vehicle numbers, shall be required on both sides of all trucks. The detachable markings (magnetic FSP signage) provided by RCTC, must be placed on the center of the driver and passenger doors of the vehicle. The vehicle operator shall be required to keep the title and logos clean, straight, and in readable condition throughout the FSP shift. The operator is also required to keep the magnetic signage flat (do not bend in any way), clean, and out of direct sunlight while being stored during non-FSP operational hours. 4.3 Vehicle Inspections Prior to commencement of service, the CHP will inspect each vehicle designated for the FSP to ensure that it meets the vehicle specifications and to ensure that it meets or exceeds safety requirements. These inspections will occur prior to the start of service. Succeeding inspections will occur periodically as determined by the CHP. Documentation of the vehicle identification number and successful completion of the inspection will be kept on file at the CHP office and Contractor's base office. Any unsafe, poorly maintained, or improperly equipped vehicle(s) shall be removed from service, and if discovered to be in such a condition during the shift said vehicle(s) shall be removed from service or repaired as directed by the CHP, and the Contractor shall be fined three (3) times the hourly contract rate in one (1) minute increments for the remainder of that shift, plus the loss of revenue for the down time. Spare vehicles, also known as “back-ups”, will be required to complete the shifts of vehicles removed from service. The Contractor will be required to have a spare FSP vehicle available for service for the duration of each and every FSP shift. The vehicle operator shall be required to complete a pre-operation shift inspection log of the vehicle as well as inventory the required equipment prior to the start of each and every shift. The vehicle operator shall be required to complete a driver log, which is used to track the mileage. A shift inspection/inventory log shall be completed by the vehicle operator prior to the start of each shift and be available for inspection. Any item missing must be replaced prior to the start of the shift. All equipment stored on top of the truck shall be secured to the truck. 4.4 Spare/Back-Up Vehicles The Contractor shall be required to have one FSP Certified Back-Up tow truck available per Beat during FSP service hours that is in full compliance with the agreement, unless otherwise authorized by RCTC and CHP in writing. During FSP service hours, the spare vehicle shall be kept at the Contractor’s yard or staged adjacent to the assigned beat. The FSP Certified Back-Up tow truck should be used when a Certified Primary FSP tow truck is unavailable. The FSP Certified Back-Up tow truck shall meet the same requirements for equipment, set-up, and color as the Certified Primary FSP tow truck. It shall meet all the vehicle equipment specifications. Refer to Attachment H for further details on violations and penalties. DRAFT149 APPENDIX A - 10 4.5 Vehicle Breakdown and Other Missed Service The spare vehicle must be in service on the Beat within 45 minutes of the time a permanently dedicated vehicle is taken out of service for any reason. The Contractor shall not be paid for the time period that the contractually required trucks are not in service. If a vehicle is not made available within the required 45 minute time period, the Contractor shall be fined three (3) times the hourly contract rate in one (1) minute increments for every minute that exceeds the 45 minute replacement period until a certified FSP compliant spare/back-up vehicle is provided. If a truck is not ready due to breakdown at the start of a shift, the fine time will be calculated from the start of the shift until a replacement is placed into service. If the entire shift is missed, Contractor shall be fined for the entire shift at three (3) times the hourly rate times the total minutes for the affected shift. Vehicle maintenance shall be performed during non-FSP service hours. In addition, not having a certified FSP “spare or back-up” vehicle operator available is not an allowable excuse for not having a spare (back-up) vehicle on the beat within the 45 minute time period. If the Contractor does not have a dedicated or spare truck on the Beat because a certified FSP vehicle operator is not available, the Contractor shall be fined three (3) times the hourly contract rate in one (1) minute increments until a certified FSP replacement vehicle operator is provided. If the entire shift is missed because a vehicle operator was not available, the Contractor shall be fined for the entire shift at three (3) times the hourly rate times the total minutes for the affected shift. 5.0 Communications Equipment and Computers 5.1 Communications Equipment Each FSP vehicle shall be equipped with various communication devices that will enable the vehicle operator to communicate with the CHP Communications Center. All vehicles shall be equipped with an Automatic Vehicle Location (AVL) system, radios, and Data Collection Devices (DCD). The AVL system, radio, and DCD equipment shall be purchased, owned, and supplied by RCTC. RCTC shall select the equipment installation vendor. The Contractor shall be responsible for maintaining the security of the vehicle communication equipment provided by RCTC. The Contractor shall be liable for any damage to the RCTC-owned communication equipment. The Contractor shall also be liable for the full replacement value of the communication equipment installed in the trucks while in the care, custody, and control of the equipment. RCTC will deduct repair fees as well as the full replacement cost of any RCTC equipment due to improper use or negligence by the Contractor from any payment due to the Contractor. RCTC-supplied vehicle communications equipment shall be returned in full working condition upon contract termination. The cost of any equipment not returned within a reasonable time period shall be deducted from the Contractor's final payment. DRAFT150 APPENDIX A - 11 Programmable scanners capable of scanning between the 39 and 48 MHz used by CHP shall be supplied by the Contractor and shall be installed (mounted) in all vehicles. The Contractor is also required to use Verizon wireless cell phones with push-to-talk-plus capability, or equivalent, for communications with the CHP Communications Center and the CHP Field Supervisor. Wireless cell phones shall be purchased and maintained by the Contractor. The Contractor will also be responsible for all operating costs as well. In addition, tow operators are not permitted to take pictures, video, or capture any other images while performing FSP duties during FSP operational hours. These actions will not be tolerated and a vehicle operator may be terminated if it is discovered they are doing so. In addition, any input of data into the DCD shall not be allowed while the vehicle is being operated/driven. Use of other devices while driving/operating a vehicle such as cell phones is prohibited by California State Law. The FSP vehicles shall be equipped with a public address system. The public address system shall have the capability for the driver of the disabled vehicle to hear instructions transmitted from the cab of the FSP vehicle when the FSP vehicle is directly to the rear of the disabled vehicle. 5.2 Computer Equipment The Contractor must have and maintain a desktop computer workstation with high speed internet access and email to communicate with RCTC staff. The Contractor must ensure that the DCD equipment is inspected and cleaned on a quarterly basis, or more frequently if needed. All DCD equipment should have the exterior protective case cleaned (protective outside case) and screen protector shall be inspected for functionality and serviceability. Worn items shall be immediately reported to RCTC. All DCD equipment must be kept in a secure location. During non-FSP operational hours, DCD equipment shall not be left in a tow vehicle or go home with a vehicle operator or anyone else. All DCD equipment must be in a designated charging area at the tow operator’s facility during non-FSP operational hours. The DCD equipment shall always have enough charge to complete each shift. In order to reduce instances of technology glitches, the DCD equipment shall be turned off/turned on at least once per week. DCD equipment is to be with the vehicle operator in their FSP truck during FSP operational hours. Any other location shall not be permitted. The Contractor shall immediately report any issues with the work station or the DCD equipment to the RCTC FSP Program Manager or one of the FSP CHP Officers. Contractor is directly responsible to ensure their computer work station is operating and has internet access at all times – this is a contract requirement. The Contractor shall provide access to the DCD equipment for RCTC staff, or their designated designee, at any time during the course of the Contract. In addition, the Contractor shall DRAFT151 APPENDIX A - 12 also make the workstation available to RCTC, or its designee, 30 calendar days prior to the start of the new service. The Contractor shall provide an annual inspection report to RCTC indicating the status of all equipment. RCTC will provide the submittal form. Tow operators should consider the accurate completion and timely return of this form as part of their contract requirements. 5.3 Equipment Tampering Tampering with FSP communication/tracking equipment so that it does not function properly to RCTC’s specifications, and/or is disconnected or moved (without FSP Management authorization) from its original installed location is strictly prohibited. This includes but is not limited to: breaking evidence tape/connection sealer on equipment connections, cutting wires or cables, moving mounted equipment (speakers, microphones, antennas, etc.), rerouting any wiring, disconnecting any connectors, Contractor/subcontractor unintentionally altering equipment or connections to equipment during vehicle maintenance or repair, or interfering with the operations of the equipment. If tampering is suspected, FSP Management may conduct an inspection of the equipment on the Beat or the vehicle may be sent to a designated location determined by FSP Management. 1. If tampering is found while the vehicle is used during FSP operational hours, the vehicle operator and vehicle will be immediately taken out of service and the Contractor shall be fined in one (1) minute increments at three (3) times their hourly rate, until such time that the back-up truck is deployed. Please note that if tampering is discovered, the penalties (three times the hourly rate in one minute increments) shall begin immediately upon the discovery of the tampering. The normal 45-minute back-up truck time allowance will not be considered “non-penalty” time under these circumstances. The penalties shall begin immediately upon the tampering being discovered. 2. If the vehicle is suspected to have equipment that has been tampered with, it may be sent to a designated location determined by FSP Management and CHP for an inspection. If tampering is found, the Contractor will be retroactively fined three (3) times the hourly rate in one (1) minute increments from the time the tampering was first suspected. The penalties will continue until a certified FSP back-up truck is deployed. The normal 45-minute back-up truck time allowance will not be considered “non-penalty” under these circumstances. Tampering Repairs If tampering is discovered during FSP operational hours, the vehicle will be taken out of service and will remain out of service until the repair and the documentation can be completed by the FSP Program designated technician. FSP Management determines the designated technician. The transportation, labor, and repair costs will be the responsibility of the Contractor. Costs incurred to repair and document the equipment will be deducted from the Contractor monthly invoice. DRAFT152 APPENDIX A - 13 Tampering Penalties The Contractor will also be assessed a $250 fine (whether the tampering is discovered while on the Beat, or if it was suspected and later confirmed) per incidence on their monthly invoice. If it is determined that the vehicle operator tampered with the equipment, the vehicle operator will be suspended for a minimum of 30 days for the initial tampering offense and subject to termination from the FSP Program for any subsequent tampering violations. 6.0 Contractor Responsibilities 6.1 Appearance at Hearings If and when required by SAFE, Contractor shall render assistance at public hearings or other meetings related to the performance of the Services. 6.2 Damage Complaints Upon receiving a damage complaint from a motorist assisted by the Contractor, that the Contractor damaged their vehicle while lending assistance, the Contractor shall notify CHP immediately regarding the nature of the damage complaint and its disposition. The Contractor shall reply to the motorist by telephone within twenty-four (24) hours of receiving the damage complaint notification from CHP. If necessary, the Contractor shall send either his or her authorized representative or his or her insurance company representative to inspect the vehicle and complete an incident report within forty-eight (48) hours after receiving the damage complaint. If the investigation shows that damage to the vehicle could have been caused by the Contractor, the Contractor shall negotiate in good faith to try and resolve the issue and shall report to CHP the result of the negotiations. All complaints shall be resolved within a reasonable time period after being received. 6.3 Complaint Review Committee The FSP Technical Advisory Committee (“FSP TAC”) is composed of voting members from CHP, SAFE, and Caltrans. Voting members of the FSP TAC are hereby designated as the members of the Damage Complaint Review Committee (“DCRC”). If the DCRC finds that justifiable complaints are not resolved within a reasonable timeframe, it can recommend that payment to the Contractor in the amount of the damage claim may be deducted from the Contractor monthly invoice. 6.4 Trend Meetings Contractor shall attend, or send a designated management-level representative, to all trend meetings (i.e. required FSP TAC meeting which meets every other month). These trend meetings will encompass focused and informal discussions concerning, but not limited to: scope, Services, schedule, current progress of Services, relevant cost issues, and future objectives. Contractor shall be responsible for having a representative attend all meetings (i.e. FSP TAC meetings) that has the ability to make management-level decisions on the DRAFT153 APPENDIX A - 14 behalf of the Contractor. If the Contractor cannot have a management-level representative at a meeting, Contractor shall notify SAFE and CHP prior to the meeting. Management-level attendance at these meetings shall be considered part of the Contractor’s contractual responsibility. Meetings are scheduled, and Contractor will be notified of such schedule, no later than three (3) working days prior to the meeting. 7.0 Vehicle Operators 7.1 Operator Qualifications and Performance All potential vehicle operators shall be required to have a safe driving record and, at a minimum, a valid Class C driver's license. All vehicle operators shall be 18 years of age or older at the time of background check. Potential vehicle operators shall be subject to driving record and criminal background checks through the California Highway Patrol. Potential vehicle operators shall be sufficiently experienced in the tasks of tow truck operations and proficient with all required Freeway Service Patrol equipment to provide safe and proper service. Any certified vehicle operator from other FSP areas will be evaluated on a case-by-case basis. All potential vehicle operators must be capable of demonstrating their tow operating abilities prior to formal CHP training, also known as proficiency testing. Additionally, the vehicle operators will be required to exercise good, sound judgment in carrying out their duties. Vehicle operators shall be required to inform the CHP Communications Center any time they leave the assigned Beat. This includes breaks and replenishing expendable items, such as: gasoline, fire extinguisher, etc. The vehicle operator shall be required to immediately notify the CHP Communications Center upon a tow truck breakdown. FSP vehicle operators will be responsible for accurately entering the required data into DCD equipment every shift. Each FSP vehicle operator shall complete an inspection worksheet prior to the commencement of driving the tow truck and a mileage log prior to beginning service on the Beat. The FSP vehicle operator shall be required to complete an assist record for each incident. Each assist record should be accurate. Contractors or Operators providing false or misleading information to FSP Management shall be subject to disciplinary action and will be handled on a case-by-case basis. FSP vehicle operators shall always complete the required procedures per the SOP when handling required forms. No duplicate survey numbers should be entered into the DCD equipment at any time. Vehicle operators are required to complete in their entirety the Release of Liability form and Damage Release form when applicable. These completed forms should be handed in to RCTC at a minimum every 60 days. If it is discovered that a vehicle operator has entered duplicate survey numbers, not properly completed the release forms, or not turned the release forms in timely, the Contractor may be subject to penalties as outlined in Proposal Pricing Form. CHP, Caltrans, and RCTC maintain strict drug and alcohol policies. Contractors shall have an alcohol and drug program that includes at a minimum, a drug and alcohol free workplace DRAFT154 APPENDIX A - 15 policy and an employee alcohol/drug-testing program. Any FSP vehicle operator found working under the influence of drugs or alcohol shall be immediately removed from the FSP program by the Contractor. The Contractor shall be responsible for providing a certified replacement vehicle operator for that vehicle. The Contractor shall be an active participant in the DMV Pull Notice Program. If a vehicle operator is convicted of a crime involving a stolen vehicle, stolen property, violence, drugs, or moral turpitude, fraud related to the towing business, or misdemeanor or felony driving while under the influence of alcohol or a drug, the Contractor shall permanently remove that vehicle operator from duties under the FSP program. If a vehicle operator is charged with any of the above crimes, the Contractor shall immediately suspend that vehicle operator from duties under this program pending the outcome of the criminal case. If the vehicle operator is not convicted, or is ultimately convicted of a lesser crime not described above, RCTC retains the right to have the Contractor remove that vehicle operator from the duties under the FSP program. 7.2 Operator Training At the Contractor’s expense, all company owners, FSP vehicle operators, and back-up vehicle operators shall be required to present a certificate of completion of a SHRP 2/TIMS training course and to complete the CHP two-day training program which costs approximately $50.00 per vehicle operator (fee is for the DL64 Tow Truck Driver Certificate and fingerprinting). Contractors shall pay all FSP operators and back-up vehicle operators for attending the training. No vehicle operator will be allowed to begin patrolling without meeting the requirements set forth in the SOP. Any vehicle operator who is found on patrol not meeting the requirements may be prohibited from further FSP service and the Contractor’s contract may be terminated immediately. Mandatory CHP refresher training classes shall be attended. A minimum of four (4) hours refresher training per year shall be required (at Contractor’s expense). Contractors shall pay all FSP vehicle operators and back-up vehicle operators for attending the required training. Vehicle operators will be required to utilize DCD equipment to input information about mileage, inspection, and each assist, which will include: location, vehicle make, model, license number, type of assistance provided, etc. Vehicle operators will be trained on using DCD equipment to enter data. 7.3 Operator Driving Record and Criminal History Check As required by California Vehicle Code Section 2340, all applicants and owners are required to have a driver’s license and criminal history check. Only after a completed CHP 234F is received and accepted by CHP, a driver’s license and preliminary criminal history check will be performed. DRAFT155 APPENDIX A - 16 The driver’s license check will consist of confirming that the applicant has a valid driver’s license and the applicant’s point count is within standards set forth in this SOP (refer to Chapter 11, Annex A). The preliminary criminal history check will consist of a preliminary background check to determine if the applicant meets the criteria for a California Tow Truck Driver Certificate as outlined in California Public Resources Code Section 5164, California Vehicle Code Section 13377 and the FSP Contract. In addition, RCTC or the CHP may, in its sole discretion, require an Employer to replace any vehicle operator or reject a potential vehicle operator who it determines is not suitable to represent the FSP Program with the public. If the applicant passes the preliminary criminal history check, the applicant shall submit to fingerprinting. Driver’s license and preliminary criminal history checks will be completed by CHP within ten (10) working days of the acceptance of a CHP 234F. 7.4 Vehicle Operator Uniform It shall be the responsibility of the Contractor to provide the vehicle operator with specified uniforms, black protective toe boots, nameplate, gloves and other equipment. The equipment includes navy blue coveralls or navy blue shirts and pants. If coveralls are worn, they shall have a collar with a zip front. Optionally, drivers may wear a standard navy blue (long-sleeve only) uniform shirt, with a fluorescent orange (must be only 2.5” wide) trim, with a ½” silver reflective tape down the middle. This allowed reflective tape must be on both sleeves. All uniforms shall be clean, properly maintained, and replaced whenever excessively worn. Sleeves and pant legs shall be moderately tapered to avoid excessive fullness. A safety vest with reflective stripes shall be worn and supplied by RCTC. RCTC will supply vests with the FSP logo patches already sewn on per CHP’s required patch placement locations. A FSP logo patch is not required to be sewn on the navy blue FSP vehicle operator uniform. A detachable brass or gold nameplate shall be worn with the first initial of the first name and full last name. Letters shall not exceed ½” tall. The nameplate shall be worn above the right chest pocket on the safety vest. The Contractor is responsible for obtaining FSP CHP approval of the driver nameplates, and the Contractor is responsible for the purchase and replacement of the FSP vehicle operator nameplate. All FSP vehicle operators shall wear general duty black work boots with protective (steel or composite) toe. During cold weather, a navy blue sweater or sweatshirt may be worn under the uniform shirt/coveralls. As an option, a navy blue jacket may also be worn, if it meets all the uniform specifications and is worn under the safety vest. Rain gear, if worn, shall be waterproofed DRAFT156 APPENDIX A - 17 material and navy blue or yellow in color. Hats, if worn, shall be baseball-type caps and navy blue in color. An "FSP" logo patch may be sewn on the hat above the brim. No other logos/names shall be accepted. A beanie may also be worn which must be navy blue in color and worn only with a jacket or long sleeve shirt under the vest. Contractor should refer to the most current SOP to ensure they are following the most recent requirements. SOP revisions and updates shall be unilaterally issued by RCTC, as deemed necessary by RCTC management, and all changes, revisions and updates to the SOP, if any, shall supersede all previous or existing SOPs. A copy of the SOP is included as part of the original RFP package. 7.5 Local Office The Contractor shall provide a local office for contract administration purposes. This office shall be staffed by either the Contractor or a person who has the authority to conduct business and make decisions on behalf of the Contractor. The office shall have business hours coinciding with Contractor's Beat(s) hours of operation. Through the Proposal document shown in the Contractor Representative Form, the Contractor shall designate representatives who will be available at the office during hours of operation to make decisions on behalf of the Contractor. The office shall be established within close proximity to the Contractor's Beat(s) and the County of Riverside. Also note in the Scope of Services, Section 4.4, a backup vehicle and a certified FSP vehicle operator must be available within a 45 minute request of the Beat area. This requirement may also determine if the local office is close enough to satisfy the requirements under this section. The Contractor shall also provide telephone, fax service, and email through which he/she, or a responsible representative who has the authority to conduct business and make decisions on behalf of the Contractor, can be contacted during the non-service hours of operation for the length of the contract. During non-business hours, an answering machine provided at the Contractor's expense, shall be available to log calls, take complaints, etc. An email address that is monitored daily shall be provided for notification purposes during operational and non-service hours. The Contractor will be responsible for having a company representative monitor and review messages/notices on a daily basis. 7.6 Remedies and Liquidated Damages RCTC has a need to deal contractually with a range of failures by Contractors to meet contractual standards and requirements short of suspension or termination. Failure to meet contractual standards and requirements constitute a default under the contract and is subject to the various remedies provided in the contract, up to and including termination of the contract. DRAFT157 APPENDIX A - 18 It is clear that any default that is related to service or contractor’s readiness for service will either degrade service or lead to the degradation of service. The failure to meet contractual standards and requirements, therefore, causes damages to the FSP program and its participants (RCTC, CHP and Caltrans) and to the public being served by the FSP program. Because of the public service nature of the mission of the FSP, described generally in the Standard Operating Procedures (SOP), to keep traffic and commerce flowing on the regional freeways, the damages arising from contractor’s failure to meet the contractual standards and requirements are impractical or extremely difficult to ascertain on an individual basis. The contract has therefore established a series of remedies to attempt to deal with a range of defaults. The most egregious default will result in suspension or termination. Lesser defaults will result in the assessment of liquidated damages. These lesser remedies have been described in the SOP as fines, violations or penalties. This is not a correct characterization of the intent of the remedies. The remedies arise because the contractor is in default and the FSP and the public it serves is damaged by that default. The remedies are to compensate FSP for its damages and to encourage compliance with performance requirements of the contract. DRAFT158 17336.0002A\9580036. 368 EXHIBIT “B” Compensation and Payment [INSERT FINAL PRICE PROPOSALS FROM CONTRACTOR’S PROPOSAL] And MOBILIZATION COST PAYMENT FORM, IF APPLICABLE DRAFT159 FIRM PROJECT TASKS/ROLE COST Royal Coaches Auto Body & Towing FSP Services for Beat No. 25 1,625,473.00$ 1,625,473.00$ TOTAL COSTS EXHIBIT "B" Prime Consultant: COMPENSATION SUMMARY DRAFT160 17336.0002A\9580036. 343 Agreement No. 20-45-031-00 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, ACTING AS THE RIVERSIDE COUNTY SERVICE AUTHORITY FOR FREEWAY EMERGENCIES, FOR FREEWAY SERVICE PATROL FOR BEAT # 26 WITHIN RIVERSIDE COUNTY WITH PEPE’S TOWING SERVICE INC. 1. PARTIES AND DATE. 1.1 This Agreement is made and entered into as of _____day of _________, 2020, by and between the RIVERSIDE COUNTY TRANSPORTATION COMMISSION (“COMMISSION”) acting as the RIVERSIDE COUNTY SERVICE AUTHORITY FOR FREEWAY EMERGENCIES (“SAFE”) and PEPE’S TOWING SERVICE INC. (referred to herein as “CONTRACTOR”). SAFE and CONTRACTOR are sometimes individually referred to herein as “Party” and collectively as “Parties”. 1.2 The California Highway Patrol herein referred to as “CHP” and California Department of Transportation, herein referred to as “Caltrans” are hereby expressly designated as third-party beneficiaries of CONTRACTOR’s performance under this Agreement. 2. RECITALS. 2.1 WHEREAS, COMMISSION is a California County Transportation Commission existing under the authority of Section 130050 et seq. of the California Public Utilities Code; 2.2 WHEREAS, COMMISSION is authorized, pursuant to Section 2550 et seq. of the California Streets and Highways Code, to act as SAFE for purposes of providing a motorist aid system, including provision of freeway service patrols; 2.3 WHEREAS, SAFE requires the services of a CONTRACTOR to provide the freeway service patrol professional services as described in the Scope of Services; 2.4 WHEREAS, SAFE has determined that CONTRACTOR is best qualified to perform the required services; 2.5 WHEREAS, the CONTRACTOR is able and willing to perform the required services under the terms and conditions of this Contract; 2.6 WHEREAS, COMMISSION is the short range transportation planning agency for Riverside County, and programs federal, state, and local DRAFTATTACHMENT 2 161 17336.0002A\9580036. 344 funds. COMMISSION has entered into a Memorandum of Understanding with Caltrans and CHP to fund peak period freeway service patrols on selected freeway segments in Riverside County; and 2.7 WHEREAS, Section 21718 (a) of the California Vehicle Code specifically authorized CHP to be responsible for freeway service patrols stopping on freeways for the purpose of rapid removal of impediments to traffic. Article 3, Section 91, of the Streets and Highways Code, states that Caltrans has responsibility to improve and maintain the state highways. Caltrans also has the responsibility for traffic management and removing impediments from the highways. NOW, THEREFORE, for the consideration hereinafter stated, SAFE and CONTRACTOR agree as follows: 3. TERMS. 3.1 General Scope of Services. The purpose of the Freeway Service Patrol (“FSP”) program is to provide for the rapid removal of disabled vehicles and vehicles involved in minor accidents from the freeway. Contractor promises and agrees to furnish to SAFE all labor materials, tools, equipment, services, and incidental and customary work necessary to fully and adequately provide the FSP services ("Services"). The Services are more particularly described in Exhibit "A" attached hereto and incorporated herein by reference. All Services shall be subject to, and performed in accordance with, this Agreement, the exhibits attached hereto and incorporated herein by reference, and all applicable local, state, and federal laws, rules and regulations, and the SOP manual (as defined below). 3.1.1. Contract Oversight. Caltrans and CHP will jointly oversee the Services. Both agencies will have responsibility for overseeing Service performance and ensuring that the CONTRACTOR abides by the terms of this Contract. CHP is responsible for dispatch services to incident locations within the CONTRACTOR’s patrol limits. The dispatching will be done in accordance with this Contract. A Standard Operating Procedures (“SOP”) manual will be given to the CONTRACTOR explaining the types of incidents to which his/her operators may be dispatched. 3.1.2 Beat Descriptions. The FSP will operate on selected freeway segments referred to herein as “beats”. Each beat has specific turnaround locations and designated drop locations identified by the CHP. Exhibit “A” shows the specific limits, number of tow trucks, number of back-up trucks and hours of operation, and holidays for the CONTRACTOR’s specific beat. SAFE reserves the right to add or delete holidays to the work schedule, provided that SAFE provides CONTRACTOR seven (7) days advanced notice of such addition or deletion. Travel time to and from the beat will be at the expense of the CONTRACTOR. 3.1.3 Change Orders. At any time during the term of this Contract, SAFE reserves the right to adjust beat specifications to better accommodate demand for the DRAFT162 17336.0002A\9580036. 345 Services, or availability of funding, at no cost to SAFE. Adjustments may include reduction in the hours of Services. SAFE may direct such adjustments during the course of this Contract through written change orders, signed by SAFE, setting forth any changes to Exhibit “A”. Changes may include a change of the specified beat(s) to other beats that SAFE determines better serve the needs of SAFE, as well as changes to schedules and hours for the beats set forth in Exhibit “A”. If warranted, as determined in SAFE’s sole discretion, and during the hours of operation of the Services, the CONTRACTOR may be requested to temporarily reassign his/her FSP operators/trucks to locations outside the assigned beat. Such reassignments shall be at no cost to SAFE. 3.1.4. The SOP Manual. To promote a safe work environment and for the maintenance of professionalism, the most current version of the SOP manual shall, at all times, be followed by the CONTRACTOR and its vehicle operators. The SOP manual, as such manual may from time to time be amended, is incorporated into this Contract by reference. CONTRACTOR shall be notified and provided with a copy of any changes to the SOP manual. Drivers found not to be in compliance with FSP procedures, as set forth in the SOP manual or this Contract, may be suspended or terminated from the FSP program and the CONTRACTOR may be fined three (3) times the hourly Contract rate in one (1) minute increments until a replacement vehicle is provided (Driver and Truck must return to beat compliant with all FSP requirements), or fined for the entire shift at three (3) times the hourly rate at the discretion of the FSP Field Supervisors. 3.2 Equipment Requirements. CONTRACTOR shall comply with all equipment requirements outlined in the attached Exhibit “A”. 3.3 Commencement of Services. The CONTRACTOR shall commence work upon receipt of a written Notice to Proceed from SAFE. 3.4 Term. The term of this Contract shall be for a period of five (5) years, from 8/3/20 to 8/2/25 unless earlier terminated as provided herein. SAFE shall also have the right to renew this Contract from one month up to a one (1) year term after the initial term by providing notice as provided below. SAFE must provide written notice to CONTRACTOR no less than ninety (90) days prior to the end of the applicable term, indicating its renewal of the Contract. CONTRACTOR shall complete the Services within the term of this Contract, and shall meet any other established schedules and deadlines. All applicable indemnification provisions of this Contract shall remain in effect following the termination of this Contract. The rates shall be as follows: SCHEDULE OF HOURLY RATES Classification Year 1 Year 2 Year 3 Year 4 Year 5 Regular Rate $ 82.50 per hour $ 84.15 per hour $ 85.83 per hour $ 87.55 per hour $ 89.30 per hour CFSP/Extra Rate $ 88.47 per hour $ 90.23 per hour $ 92.04 per hour $ 93.88 per hour $ 95.76 per hour DRAFT163 17336.0002A\9580036. 346 3.5 SAFE's Representative. SAFE hereby designates the SAFE Executive Director or his or her designee, to act as its Representative for the performance of this Contract ("SAFE’s Representative"). SAFE’s Representative shall have the authority to act on behalf of SAFE for all purposes under this Contract. SAFE's Representative shall also review and give approval, as needed, to the details of CONTRACTOR's work as it progresses. CONTRACTOR shall not accept direction or orders from any person other than the SAFE’s Representative or his or her designee. 3.6 CONTRACTOR’S Representative. CONTRACTOR hereby designates Lorenzo Navarro, to act as its representative for the performance of this Contract ("CONTRACTOR’s Representative"). CONTRACTOR’s Representative shall have full authority to act on behalf of CONTRACTOR for all purposes under this Contract. The CONTRACTOR’s Representative shall supervise and direct the Services, using his best skill and attention, and shall be responsible for all means, methods, techniques, sequences and procedures and for the satisfactory coordination of all portions of the Services under this Contract. CONTRACTOR shall work closely and cooperate fully with SAFE's Representative and any other agencies which may have jurisdiction over or an interest in the Services. CONTRACTOR's Representative shall be available to the SAFE staff at all reasonable times. Any substitution in CONTRACTOR's Representative shall be approved in writing by SAFE's Representative. 3.7 Substitution of Key Personnel. CONTRACTOR has represented to SAFE that certain key personnel will perform and coordinate the Services under this Contract. Should one or more of such personnel become unavailable, CONTRACTOR may substitute other personnel of at least equal competence upon written approval by SAFE’s Representative. In the event that SAFE’s Representative and CONTRACTOR cannot agree as to the substitution of the key personnel, SAFE shall be entitled to terminate this Contract for cause, pursuant to the provisions of Section 3.15. The key personnel for performance of this Contract are: Lorenzo Navarro, Manuel Acosta, Inosencio Navarro, Josh Tillet, Christopher Navarro, Fernando Soria, Santiago Atilano. 3.7.1 Availability of FSP Manager. Except in the case of unpreventable circumstances, the FSP Manager must be available at the CONTRACTOR’s office for at least 50% of each Work Day to address time sensitive issues related to this Contract or the Services, including, but not limited to, FSP administrative responsibilities; SAFE, CHP, and Caltrans requests; driver matters; and truck maintenance issues. CONTRACTOR shall, within 24 hours, notify SAFE of each circumstance causing the FSP Manager not to be available as required herein. As used in this section, the term “Work Day” shall mean and refer to any day that FSP service is provided, during those hours of operation for Construction FSP as identified on the attached Exhibit “A-1”. 3.8 Review of Work and Deliverables. All reports, working papers, and similar work products prepared for submission in the course of providing Services under this Contract may be required to be submitted to SAFE's Representative in draft form, and SAFE’s Representative may require revisions of such drafts prior to formal submission and approval. In the event that SAFE's Representative, in his or her sole discretion, determines the formally DRAFT164 17336.0002A\9580036. 347 submitted work product to be inadequate, SAFE's Representative may require CONTRACTOR to revise and resubmit the work at no cost to SAFE. Upon determination by SAFE that CONTRACTOR has satisfactorily completed the Services required under this Contract and within the term set forth in Section 3.4, SAFE shall give CONTRACTOR a written Notice of Final Completion. Upon receipt of such notice, CONTRACTOR shall incur no further costs hereunder, unless otherwise specified in the Notice of Completion. CONTRACTOR may request issuance of a Notice of Final Completion when, in its opinion, it has satisfactorily completed all Services required under the provisions of this Contract. 3.9 Appearance at Hearings. If and when required by SAFE, CONTRACTOR shall render assistance at public hearings or other meetings related to the performance of the Services. 3.10 Standard of Care: Licenses. CONTRACTOR represents and maintains that it is skilled in the professional calling necessary to perform all Services, duties and obligations required by this Contract. CONTRACTOR shall perform the Services and duties in conformance to and consistent with the standards generally recognized as being employed by professionals in the same discipline in the State of California. CONTRACTOR warrants that all employees and subcontractors shall have sufficient skill and experience to perform the Services assigned to them. CONTRACTOR further represents and warrants to SAFE that its employees and subcontractors have all licenses, permits, qualifications (including medical certification) and approvals of whatever nature that are legally required to perform the Services, and that such licenses and approvals shall be maintained throughout the term of this Contract. CONTRACTOR shall perform, at its own cost and expense and without reimbursement from SAFE, any services necessary to correct errors or omissions which are caused by the CONTRACTOR’s failure to comply with the standard of care provided for herein, and shall be fully responsible to SAFE for all damages and other liabilities provided for in the indemnification provisions of this Contract arising from the CONTRACTOR’s errors and omissions. Any employee of CONTRACTOR or its subcontractors who is determined by SAFE to be uncooperative, incompetent, a threat to the adequate or timely completion of the Services, a threat to the safety of persons or property, or any employee who fails or refuses to perform the Services in a manner acceptable to SAFE, shall be promptly removed from performing the Services by the CONTRACTOR and shall not be re-employed to perform any of the Services. 3.11 Opportunity to Cure. SAFE may provide CONTRACTOR an opportunity to cure, at CONTRACTOR's expense, all errors and omissions which may be disclosed during performance of the Services. Should CONTRACTOR fail to make such correction in a timely manner, such correction may be made by SAFE, and the cost thereof charged to CONTRACTOR. 3.12 Inspection of Work. CONTRACTOR shall allow SAFE's Representative to inspect or review CONTRACTOR's performance of Services in progress at any time. SAFE/Caltrans/CHP also reserves the right to audit all paperwork demonstrating that CONTRACTOR participates in an employee alcohol/drug-testing program and the DMV Pull Notice Program. DRAFT165 17336.0002A\9580036. 348 3.13 Laws and Regulations. CONTRACTOR shall keep itself fully informed of and in compliance with all local, state and federal laws, rules and regulations in any manner affecting the performance of the Services, including all Cal/OSHA requirements, and shall give all notices required by law. CONTRACTOR shall be solely liable for all violations of such laws and regulations in connection with Services. If the CONTRACTOR performs any work knowing it to be contrary to such laws, rules and regulations and without giving written notice to SAFE, CONTRACTOR shall be solely responsible for all costs arising therefrom. CONTRACTOR shall defend, indemnify and hold SAFE, their officials, directors, officers, employees and agents free and harmless, pursuant to the indemnification provisions of this Contract, from any claim or liability arising out of any failure or alleged failure to comply with such laws, rules or regulations. 3.14 Damage Complaints. Upon receiving a damage complaint from a motorist assisted by the CONTRACTOR, that the CONTRACTOR damaged their vehicle while lending assistance, the CONTRACTOR shall notify CHP immediately regarding the nature of the damage complaint and its disposition. The CONTRACTOR shall reply to the motorist by telephone within twenty-four (24) hours of receiving the damage complaint notification. If necessary, the CONTRACTOR shall send either his or her authorized representative or his or her insurance company representative to inspect the vehicle and complete an incident report within forty-eight (48) hours after receiving the damage complaint. If the investigation shows that damage to the vehicle could have been caused by the CONTRACTOR, the CONTRACTOR shall negotiate in good faith to try and resolve the issue and shall report to the CHP the result of the negotiations. All complaints shall be resolved within a reasonable period of time after being received. 3.14.1 Complaint Review Committee. The FSP Technical Advisory Committee (“FSP TAC”) is composed of voting members from CHP, SAFE and Caltrans. Voting members of the FSP TAC are hereby designated as the members of the Damage Complaint Review Committee (“DCRC”). If the DCRC finds that justifiable complaints are not resolved within a reasonable time frame, it can recommend that payment to the CONTRACTOR in the amount of the damage claim may be deducted from the CONTRACTOR’s monthly invoice. 3.15 Termination. 3.15.1 Notice; Reason. SAFE may, by written notice to CONTRACTOR, terminate this Contract, in whole or in part, including, without limitation, the geographical territory covered by this Contract, at any time by giving written notice to CONTRACTOR of such termination, and specifying the effective date thereof (“Notice of Termination”). Such termination may be for SAFE’s convenience, due to lack of available funding for the Services, or because of CONTRACTOR's failure to perform its duties and obligations under this Contract, including, but not limited to, the failure of CONTRACTOR to timely perform Services pursuant to the Scope of Services described in Section 3, entitled “Terms,” as well as Section 7 of the RFP. CONTRACTOR may not terminate this Contract except for cause. DRAFT166 17336.0002A\9580036. 349 3.15.2 Discontinuance of Services. Upon receipt of the written Notice of Termination, CONTRACTOR shall discontinue all affected Services as directed in the Notice of Termination, and deliver to SAFE all Documents and Data, as defined in this Contract, as may have been prepared or accumulated by CONTRACTOR in performance of the Services, whether completed or in progress. 3.15.3 Effect of Termination For Convenience. If the termination is to be for the convenience of SAFE, SAFE shall compensate CONTRACTOR for Services fully and adequately provided through the effective date of termination as provided in the Notice of Termination. Such payment shall include a pro-rated amount of profit, if applicable, up through such effective date, but no amount shall be paid for anticipated profit on unperformed Services past such effective date. CONTRACTOR shall provide documentation deemed adequate by SAFE's Representative to show the Services actually completed by CONTRACTOR prior to the effective date of termination. This Contract shall terminate on the effective date of the Notice of Termination. 3.15.4 Effect of Termination for Cause. If the termination is for cause, CONTRACTOR shall be compensated for those Services which have been fully and adequately completed and accepted by SAFE as of the effective date of termination as provided in the Notice of Termination. In such case, SAFE may take over the work and prosecute the same to completion by contract or otherwise. Further, CONTRACTOR shall be liable to SAFE for any reasonable additional costs or damages incurred to revise work for which SAFE has compensated CONTRACTOR under this Contract, but which SAFE has determined in its sole discretion needs to be revised, in part or whole. Termination of this Contract for cause may be considered by SAFE in determining whether to enter into future contracts with CONTRACTOR. 3.15.5 Cumulative Remedies. The rights and remedies of the Parties provided in this Section are in addition to any other rights and remedies provided by law or under this Contract. 3.15.6 Procurement of Similar Services. In the event this Contract is terminated, in whole or in part, as provided by this Section, SAFE may procure, upon such terms and in such manner as it deems appropriate, services similar to those terminated. 3.15.7 Waivers. CONTRACTOR, in executing this Contract, recognizes that the Services may be terminated, in whole or in part, as provided in this Section. CONTRACTOR shall not be entitled to any damages including, but not limited to, any compensation for costs incurred to procure vehicles, meet the terms for providing the Services, or for any other costs or expenses, and shall be deemed to have waived any and all claims for damages, costs or expenses which may otherwise arise from SAFE's termination of this Contract, for convenience or cause, as provided in this Section. 3.15.8 Authorization to Terminate. The Executive Director of SAFE shall have the full authority and discretion to exercise SAFE’s rights under this Section 3.15, entitled “Termination”. DRAFT167 17336.0002A\9580036. 350 3.16 Trend Meetings. CONTRACTOR shall attend, or send a designated management-level representative, to all trend meetings (i.e. required FSP TAC meeting which meets every other month). These trend meetings will encompass focused and informal discussions concerning, but not limited to: scope, Services, schedule, current progress of Services, relevant cost issues, and future objectives. CONTRACTOR shall be responsible for having a representative attend all meetings (i.e. FSP TAC meetings) that has the ability to make management-level decisions on the behalf of the CONTRACTOR. If the CONTRACTOR cannot have a management-level representative at a meeting, CONTRACTOR shall notify SAFE and CHP prior to the meeting. Management-level attendance at these meetings shall be considered part of the CONTRACTOR’s contractual responsibility. Meetings are scheduled, and CONTRACTOR will be notified of such schedule, no later than three (3) working days prior to the meeting. 3.17 Fees and Payment. 3.17.1 Amount to be Paid. Subject to the provisions set forth below for Services satisfactorily performed hereunder, SAFE shall pay the CONTRACTOR on a fixed unit rate basis a ceiling price NOT TO EXCEED One Million Six Hundred Seventy-Four Four Hundred DOLLARS ($1,674,400). 3.17.2 Maximum Payment is the Ceiling Price. SAFE shall not be obligated to pay costs which exceed the ceiling price set forth above, except as provided in Sections 3.15 and 3.17.10. CONTRACTOR agrees to use its best efforts to perform the services and all obligations under this Contract within such ceiling price. 3.17.3 Hourly Rate; Break and Meal Periods. For its performance of the Services, the CONTRACTOR shall be paid for labor expended directly in the performance of the Services at the rates specified below. Payments shall be made monthly in arrears based on Services provided and allowable incurred expenses. The CONTRACTOR shall not be entitled to reimbursements for any expenses unless approved in advance in writing. SCHEDULE OF HOURLY RATES Classification Year 1 Year 2 Year 3 Year 4 Year 5 Regular Rate $ 82.50 per hour $ 84.15 per hour $ 85.83 per hour $ 87.55 per hour $ 89.30 per hour CFSP/Extra Rate $ 88.47 per hour $ 90.23 per hour $ 92.04 per hour $ 93.88 per hour $ 95.76 per hour Hourly rates may be adjusted as set forth in Chapter 9, Violations/Penalties, of the FSP Standard Operating Procedures (SOP). A) CONTRACTOR is responsible for compliance with all California labor laws related to break periods and meal periods including, but not limited to, compliance with Labor Code section 512. CONTRACTOR shall be solely responsible for any additional pay to which its drivers may be entitled for CONTRACTOR’s failure to DRAFT168 17336.0002A\9580036. 351 comply with the California labor law requirements. B) During shifts that require drivers to be provided a 30- minute meal period break pursuant to Labor Code section 512, CONTRACTOR shall either make arrangements for another certified driver to provide Services during those breaks or not be compensated for each 30-minute meal period break during which Services are not provided. In no case shall CONTRACTOR be entitled to bill RCTC for time during which a driver is taking a meal period break. 3.17.4 Payment Coverage. The compensation herein above specified will cover and include all applicable labor surcharges such as taxes, insurance and fringe benefits, as well as indirect costs, overhead, general and administrative expense, and profit. 3.17.5 Cost Principles. A) CONTRACTOR agrees to comply with 2 CFR, Part 225, Cost Principles for State and Local Government, and 2 CFR, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. B) CONTRACTOR agrees that 1) Contract Cost Principles and Procedures, 48 CFR, Federal Acquisition Regulations System, Chapter 1, Part 31, et seq., shall be used to determine the allowability of individual cost items, and 2) CONTRACTOR shall comply with Federal administrative procedures in accordance with 2 CFR, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. C) Any costs for which CONTRACTOR has received payment or credit that are determined by subsequent audit to be unallowable under 2 CFR, Part 225, 48 CFR, Chapter 1, Part 31 or 2 CFR, Part 200, are subject to repayment by CONTRACTOR to SAFE. Should CONTRACTOR fail to reimburse moneys due SAFE within 30 days of demand, or within such other period as may be agreed in writing between the Parties hereto, SAFE is authorized to intercept and withhold future payments due CONTRACTOR from SAFE or any third-party source, including, but not limited to, the State Treasurer, the State Controller, and the California Transportation Commission. 3.17.6 Fines. Fines for starting late; leaving early; taking more breaks than authorized; or being ordered out of service by a CHP, SAFE Representative or Caltrans supervisor for Contract infractions shall be deducted from the CONTRACTOR’s monthly invoice at five (5) times the hourly rate, plus the loss of revenue for the down time. Fines may be further described in the attached Exhibit “A” or Exhibit “B”. 3.17.7 Accounting System. CONTRACTOR and its subcontractors shall establish and maintain an accounting system and records that properly accumulate and segregate expenditures by line item for the Services. The accounting system of CONTRACTOR and its subcontractors shall conform to Generally Accepted Accounting DRAFT169 17336.0002A\9580036. 352 Principles (GAAP), enable the determination of incurred costs at interim points of completion, and provide support for reimbursement payment vouchers or invoices. 3.17.8 Invoices. Invoices for CONTRACTOR’s Services shall be submitted monthly on forms approved by SAFE. Invoices will be routinely verified by CHP. To ensure prompt payment, most billing disputes may be resolved within ten (10) working days of written notice of dispute. However, at SAFE’s discretion, reconciliation of disputed fines that sum to less than 2% of the months’ Invoice may be corrected on the next month’s Invoice to ensure prompt payment of the major portion of the invoice. Each Invoice shall include a cover sheet bearing a certification as to the accuracy of the statement signed by the CONTRACTOR’s authorized officer. Invoices shall be mailed to SAFE’s Contract Administrator at the following address: Riverside County Service Authority for Freeway Emergencies FSP Program P.O. Box 12008 Riverside, CA 92502-2208 Attn: Brian Cunanan 3.17.8.1 Payment Schedule. Invoice periods shall be based upon a calendar month, beginning with the first day of the month. SAFE shall reimburse CONTRACTOR for Services adequately provided under this Contract within thirty (30) days of receiving the current period invoice with no errors. If the Invoice is completed incorrectly by the CONTRACTOR it will delay payment. If SAFE fails to pay any amount owed to CONTRACTOR under this Contract within thirty (30) days after receipt of the invoice, CONTRACTOR may give SAFE a notice of failure to pay which shall set forth the invoice(s) and amount(s) which CONTRACTOR believes are thirty (30) days overdue. SAFE shall pay any undisputed invoice(s) and amount(s) within thirty (30) days of receipt of a notice of failure to pay. 3.17.9 Right to Audit. For the purpose of determining compliance with this Contract and other matters connected with the performance of CONTRACTOR’s contracts with third parties, CONTRACTOR and its subcontractors shall each maintain and make available for inspection all books, documents, papers, accounting records, and other evidence pertaining to the performance of such contracts, including, but not limited to, the costs of administering those various contracts. All of the above referenced parties shall make such materials available at their respective offices at all reasonable times for three years from the date of final payment of Funds to CONTRACTOR. SAFE, the State of California acting through the Department of Transportation or its duly authorized representative, the California State Auditor, or the United States Department of Transportation shall each have access to any books, records, and documents that are pertinent for audits, examinations, excerpts, and transactions, and CONTRACTOR shall furnish copies thereof if requested. 3.17.10 Taxes. CONTRACTOR shall pay any sales, use, or other taxes, if any, attributable to the provision of the Services. DRAFT170 17336.0002A\9580036. 353 3.17.11 Travel and Subsistence. Payments to CONTRACTOR for travel and subsistence expenses claimed for reimbursement or applied as local match credit shall not exceed rates authorized to be paid exempt non-represented State employees under current State Department of Personnel Administration (DPA) rules. If the rates invoiced are in excess of those authorized DPA rates, then CONTRACTOR is responsible for the cost difference and any overpayments shall be reimbursed to SAFE on demand. 3.17.12 Employment Adverse to the SAFE. CONTRACTOR shall notify SAFE, and shall obtain SAFE’s written consent, prior to accepting work to assist with or participate in a third-party lawsuit or other legal or administrative proceeding against SAFE during the term of this Contract. 3.17.13 Extra Work. At any time during the term of this Contract, SAFE may request CONTRACTOR to perform Extra Work. “Extra Work” shall mean any work which is determined by SAFE to be necessary for proper completion of the Services, but which the Parties did not reasonably anticipate would be necessary at the time of the execution of this Contract and was not included in the Scope of Services. Extra Work, if any, shall be reimbursed at the same hourly rate as identified in Section 3.17.3. CONTRACTOR shall not perform, nor be compensated for Extra Work without obtaining authorization in the form of a written Extra Work Order issued by SAFE’s Representative. For instance, Construction FSP services as it relates to construction activity can be considered Extra Work. In the event an Extra Work Order is not issued and signed by SAFE’s Representative, CONTRACTOR shall not provide such Extra Work. However, no compensation or reimbursement for Extra Work shall be paid if it is not authorized by SAFE and if the cumulative total of such Extra Work under the Contract exceeds $25,000. All Extra Work in a cumulative total in excess of $25,000 must be approved in advance by amendment to this Contract. 3.17.13.1 Extra Work Cancellation Policy. If a tow operator is scheduled for Extra Work and they are notified of a cancellation with LESS than a 24 hour notice – then the tow operator will be reimbursed for three (3) hours of the agreed upon contract hourly rate. Note: The minimum of the three (3) hours should cover eight hours of the drivers’ hourly wage. Starting with “Less than a 24 hour cancellation notice” up to the time the tow operator is on the assigned Extra Work Beat, the “three contract hour cancellation rate” remains the same. Once the tow operator is on the Extra Work Beat, the cancellation policy changes. If a tow operator begins the Extra Work (the truck is on the Beat) and is then notified that Extra Work has been cancelled, the FSP operator will be paid for the entire shift period up to a maximum of eight (8) hours. A shift period for this policy is defined as: the time period of the actual Extra Work shift assigned or for a maximum of eight (8) contract hours, whichever is less. The supervising FSP CHP Officer for the Extra Work shift will make the final determination as to whether or not the tow operator will continue to work the Extra Work shift. Regardless, the tow operator will be reimbursed for the original shift period or a maximum or eight (8) hours, whichever is less. DRAFT171 17336.0002A\9580036. 354 3.17.14 Most Favored Customer. CONTRACTOR agrees that, throughout the term of this Contract, it shall not enter into any FSP services agreement with any government agency with whom it has either existing contractual relationship or has no contractual relationship that predates this Contract, pursuant to which CONTRACTOR agrees to charge FSP services fees less than those as indicated in this Contract for substantially the same level of FSP services contemplated by this Contract. Should SAFE establish that such lower fees have been agreed to by CONTRACTOR with another government agency, CONTRACTOR agrees to renegotiate the fees or to refund SAFE an amount equal to the difference between the fees indicated in this Contract and the fees charged to other government agency customer. 3.18 Delay in Performance. 3.18.1 Excusable Delays. Neither Party shall be considered in default in the performance of its obligations to the extent that the performance of any such obligation is prevented or delayed by an Excusable Delay. Should CONTRACTOR be delayed or prevented from the timely performance of any act or Services required by the terms of the Contract by an Excusable Delay, Contractor’s schedule for completion of tasks affected by such delay may be extended as set forth in Section 3.18.2. But in every case, CONTRACTOR’s failure to perform must be reasonably beyond the control, and without the fault or negligence of the CONTRACTOR. Excusable Delays are acts of God or of the public enemy, acts or omissions of SAFE or other governmental agencies in either their sovereign or contractual capacities, fires, floods, epidemics, quarantine restrictions, strikes, freight embargoes or unusually severe weather. 3.18.2 Written Notice. If CONTRACTOR believes it is entitled to an extension of time due to conditions set forth in subsection 3.18.1, CONTRACTOR shall provide written notice to the SAFE within seven (7) working days from the time CONTRACTOR knows, or reasonably should have known, that performance of the Services will be delayed due to such conditions. Failure of CONTRACTOR to provide such timely notice shall constitute a waiver by CONTRACTOR of any right to an excusable delay in time of performance. 3.18.3 Mutual Contract. Performance of any Services under this Contract may be delayed upon mutual agreement of the Parties. Upon such agreement, CONTRACTOR's Schedule of Services (as defined in their Proposal) shall be extended as necessary by SAFE. CONTRACTOR shall take all reasonable steps to minimize delay in completion, and additional costs, resulting from any such extension. 3.19 Status of CONTRACTOR/Subcontractors. 3.19.1 Independent Contractor. The Services shall be performed by CONTRACTOR or under its supervision. CONTRACTOR will determine the means, methods and details of performing the Services subject to the requirements of this Contract. SAFE retains CONTRACTOR on an independent contractor basis and not as an employee, agent or representative of the SAFE. CONTRACTOR retains the right to perform similar or different DRAFT172 17336.0002A\9580036. 355 services for others during the term of this Contract. Any additional personnel performing the Services under this Contract on behalf of CONTRACTOR shall at all times be under CONTRACTOR's exclusive direction and control. CONTRACTOR shall pay all wages, salaries and other amounts due such personnel in connection with their performance of Services and as required by law. CONTRACTOR shall be responsible for all reports and obligations respecting such personnel, including but not limited to, social security taxes, income tax withholdings, unemployment insurance, disability insurance, and workers' compensation insurance. 3.19.2 Assignment or Transfer. CONTRACTOR shall not assign, hypothecate, or transfer, either directly or by operation of law, this Contract or any interest herein, without the prior written consent of SAFE. Any attempt to do so shall be null and void, and any assignees, hypothecates or transferees shall acquire no right or interest by reason of such attempted assignment, hypothecation or transfer. Notwithstanding the foregoing, SAFE may transfer or assign any and all of its rights and obligations under this Contract, including, without limitation the rights to terminate this Contract, as assigned, pursuant to Section 3.15 hereof. 3.19.3 Subcontracting. CONTRACTOR shall not subcontract any portion of the work or Services required by this Contract, except as expressly stated herein, including the Scope of Services, without prior written approval of the SAFE. Subcontracts, if any, shall contain a provision making them subject to all provisions stipulated in this Contract. SAFE shall have no liability to any subconsultant(s) for payment for services under this Contract or other work performed for CONTRACTOR, and any subcontract entered into by CONTRACTOR pursuant to the conduct of services under this Contract shall duly note that the responsibility for payment for the technical services or any other work performed shall be the sole responsibility of CONTRACTOR. 3.20 CONTRACTOR will maintain an inventory of all non-expendable equipment, defined as having a useful life of at least two years and an acquisition cost of $500 or more, paid for with funds provided pursuant to this Contract. 3.21 Ownership of Materials and Confidentiality. 3.21.1 Documents & Data; Licensing of Intellectual Property. All plans, specifications, studies, drawings, estimates, materials, data, and other documents or works of authorship fixed in any tangible medium of expression, including but not limited to, physical drawings, spreadsheets, or data magnetically or otherwise recorded on computer diskettes, prepared by or on behalf of CONTRACTOR under this Contract (“Documents and Data”), shall be made available to SAFE at all times during this Contract and shall become the property of SAFE upon the completion of the term of this Contract, except that CONTRACTOR shall have the right to retain copies of all such Documents and Data for its records. Should CONTRACTOR, either during or following termination of this Contract, desire to use any Documents and Data, it shall first obtain the written approval of SAFE. This Contract creates a no-cost, nonexclusive, and perpetual license for SAFE to copy, use, modify, reuse, or sublicense any and all copyrights, designs, and other intellectual property DRAFT173 17336.0002A\9580036. 356 embodied in the Documents and Data which are prepared or caused to be prepared by CONTRACTOR under this Contract (“Intellectual Property”). CONTRACTOR shall require all subcontractors to agree in writing that SAFE is granted a no-cost, nonexclusive, and perpetual license for any Intellectual Property the subcontractor prepares under this Contract. CONTRACTOR represents and warrants that CONTRACTOR has the legal right to license any and all Intellectual Property prepared or caused to be prepared by CONTRACTOR under this Contract. SAFE shall not be limited in any way in its use of the Intellectual Property at any time, provided that any such use not within the purposes intended by this Contract shall be at SAFE's sole risk. 3.21.2 Confidentiality. All ideas, memoranda, specifications, plans, procedures, drawings, descriptions, computer program data, input record data, written information, and other Documents and Data either created by or provided to CONTRACTOR in connection with the performance of this Contract shall be held confidential by CONTRACTOR to the extent permitted by law, including, without limitation, the California Public Records Act, Government Code section 6250 et seq. Such materials shall not, without the prior written consent of SAFE, be used by CONTRACTOR for any purposes other than the performance of the Services as provided herein. Nor shall such materials be disclosed to any person or entity not connected with the performance of the Services, except as provided herein. Nothing furnished to CONTRACTOR which is otherwise known to CONTRACTOR or is generally known, or becomes known, to the related industry shall be deemed confidential. CONTRACTOR shall not use SAFE's name or insignia, photographs, or any publicity pertaining to the Services in any magazine, trade paper, newspaper, television or radio production, or other similar medium without the prior written consent of SAFE. 3.22 Indemnification. CONTRACTOR shall indemnify and hold SAFE, COMMISSION, CHP, Caltrans and their directors, officials, officers, agents, contractors, consultants, employees, and volunteers free and harmless from any and all claims, demands, causes of action, costs, expenses, liabilities, losses, damages or injuries, in law or in equity, to property or persons, including wrongful death, in any manner arising out of, or incident to, any acts, omissions, or willful misconduct of the CONTRACTOR, its officials, officers, employees, agents, consultants, and contractors arising out of or in connection with the performance of the Services or this Contract, including without limitation, the payment of all consequential damages and other related costs and expenses. CONTRACTOR shall defend, at CONTRACTOR’s own cost, expense and risk, any and all such aforesaid suits, actions, or other legal proceedings of every kind that may be brought or instituted against SAFE, COMMISSION, CHP, Caltrans or their directors, officials, officers, agents, contractors, consultants, employees, and volunteers. CONTRACTOR shall pay and satisfy any judgment, award, or decree that may be rendered against SAFE, COMMISSION, CHP, Caltrans or their directors, officials, officers, agents, consultants, employees, and volunteers, in any such suit, action, or other legal proceeding. CONTRACTOR shall reimburse SAFE, COMMISSION, CHP, Caltrans and their directors, officials, officers, agents, consultants, employees, and volunteers, for any and all legal expenses and costs incurred by each of them in connection therewith or in enforcing the indemnity herein provided. CONTRACTOR’s obligation to indemnify shall not be restricted to insurance proceeds, if any, received by the DRAFT174 17336.0002A\9580036. 357 CONTRACTOR, SAFE, COMMISSION, CHP, Caltrans or their directors, officials, officers, agents, consultants, employees, and volunteers. 3.23 Insurance. 3.23.1 Time for Compliance. CONTRACTOR shall not commence work under this Agreement until it has provided evidence satisfactory to SAFE that it has secured all insurance required under this section, in a form and with insurance companies acceptable to SAFE. In addition, CONTRACTOR shall not allow any subcontractor to commence work on any subcontract until it has secured all insurance required under this section. 3.23.2 Minimum Requirements. CONTRACTOR shall, at its expense, procure and maintain for the duration of the Agreement insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the Agreement by the CONTRACTOR, its agents, representatives, employees or subcontractors. CONTRACTOR shall also require all of its subcontractors to procure and maintain the same insurance for the duration of the Agreement. Such insurance shall meet at least the following minimum levels of coverage: (A) Minimum Scope of Insurance. Coverage shall be at least as broad as the latest version of the following: (1) General Liability: Insurance Services Office Commercial General Liability coverage (occurrence form CG 0001 or exact equivalent); (2) Automobile Liability: Insurance Services Office Business Auto Coverage (form CA 0001, code 1 (any auto) or exact equivalent); and (3) Workers’ Compensation and Employer’s Liability: Workers’ Compensation insurance as required by the State of California and Employer’s Liability Insurance. (B) Minimum Limits of Insurance. CONTRACTOR shall maintain limits no less than: (i) General Liability: Per occurrence: $2,000,000 Project Specific Aggregate: $4,000,000 Products/Completed Operations: $1,000,000 Personal Injury Limit: $1,000,000 (ii) Automobile Liability: $1,000,000 per accident for bodily injury and property damage; and (iii) Workers’ Compensation and Employer’s Liability: Workers’ Compensation limits as required by the Labor Code of the State of California. Employer’s Practices Liability limits of $1,000,000 per accident. 3.23.3 On-Hook Insurance. CONTRACTOR shall maintain a policy of On-Hook Towing Insurance to include the care, custody or control exposure present while DRAFT175 17336.0002A\9580036. 358 vehicles are being serviced roadside, on-hook, or in a storage yard for not less than one hundred thousand dollars ($100,000). 3.23.4 Insurance Endorsements. The insurance policies shall contain the following provisions, or CONTRACTOR shall provide endorsements on forms approved by SAFE to add the following provisions to the insurance policies: (A) General Liability. (i) Commercial General Liability Insurance must include coverage for (1) bodily Injury and property damage; (2) personal Injury/advertising Injury; (3) premises/operations liability; (4) products/completed operations liability; (5) aggregate limits that apply per Project; (6) explosion, collapse and underground (UCX) exclusion deleted; (7) contractual liability with respect to this Agreement; (8) broad form property damage; and (9) independent consultants coverage. (ii) The policy shall contain no endorsements or provisions limiting coverage for (1) contractual liability; (2) cross liability exclusion for claims or suits by one insured against another; or (3) contain any other exclusion contrary to this Agreement. (iii) The policy shall give SAFE, COMMISSION, CHP, Caltrans and their directors, officials, officers, employees, and agents insured status using ISO endorsement forms 20 10 10 01 and 20 37 10 01, or endorsements providing the exact same coverage. (iv) The additional insured coverage under the policy shall be “primary and non-contributory” and will not seek contribution from SAFE, COMMISSION, CHP, or Caltrans insurance or self-insurance and shall be at least as broad as CG 20 01 04 13, or endorsements providing the exact same coverage. (B) Automobile Liability. The automobile liability policy shall be endorsed to state that: (1) SAFE, COMMISSION, CHP, Caltrans and their directors, officials, officers, employees and agents shall be covered as additional insureds with respect to the ownership, operation, maintenance, use, loading or unloading of any auto owned, leased, hired or borrowed by the CONTRACTOR or for which the CONTRACTOR is responsible; and (2) the insurance coverage shall be primary insurance as respects SAFE, COMMISSION, CHP, Caltrans and their directors, officials, officers, employees and agents, or if excess, shall stand in an unbroken chain of coverage excess of the CONTRACTOR’s scheduled underlying coverage. Any insurance or self-insurance maintained by SAFE, COMMISSION, CHP, Caltrans or their directors, officials, officers, employees and agents shall be excess of the CONTRACTOR’s insurance and shall not be called upon to contribute with it in any way. (C) Workers’ Compensation and Employers Liability Coverage. (i) CONTRACTOR certifies that he/she is aware of the provisions of Section 3700 of the California Labor Code which requires every employer to be insured against liability for workers’ compensation or to undertake self-insurance in accordance with DRAFT176 17336.0002A\9580036. 359 the provisions of that code, and he/she will comply with such provisions before commencing work under this Agreement. (ii) The insurer shall agree to waive all rights of subrogation against SAFE, its directors, officials, officers, employees and agents for losses paid under the terms of the insurance policy which arise from work performed by the CONTRACTOR. (D) All Coverages. (i) Defense costs shall be payable in addition to the limits set forth hereunder. (ii) Requirements of specific coverage or limits contained in this section are not intended as a limitation on coverage, limits, or other requirement, or a waiver of any coverage normally provided by any insurance. It shall be a requirement under this Agreement that any available insurance proceeds broader than or in excess of the specified minimum insurance coverage requirements and/or limits set forth herein shall be available to SAFE, its directors, officials, officers, employees and agents as additional insureds under said policies. Furthermore, the requirements for coverage and limits shall be (1) the minimum coverage and limits specified in this Agreement; or (2) the broader coverage and maximum limits of coverage of any insurance policy or proceeds available to the named insured; whichever is greater. (iii) The limits of insurance required in this Agreement may be satisfied by a combination of primary and umbrella or excess insurance. Any umbrella or excess insurance shall contain or be endorsed to contain a provision that such coverage shall also apply on a primary and non-contributory basis for the benefit of SAFE, COMMISSION, CHP, and Caltrans (if agreed to in a written contract or agreement) before SAFE, COMMISSION, CHP or Caltrans own insurance or self-insurance shall be called upon to protect it as a named insured. The umbrella/excess policy shall be provided on a “following form” basis with coverage at least as broad as provided on the underlying policy(ies). (iv) CONTRACTOR shall provide SAFE at least thirty (30) days prior written notice of cancellation of any policy required by this Agreement, except that the CONTRACTOR shall provide at least ten (10) days prior written notice of cancellation of any such policy due to non-payment of premium. If any of the required coverage is cancelled or expires during the term of this Agreement, the CONTRACTOR shall deliver renewal certificate(s) including the General Liability Additional Insured Endorsement to SAFE at least ten (10) days prior to the effective date of cancellation or expiration. (v) The retroactive date (if any) of each policy is to be no later than the effective date of this Agreement. CONTRACTOR shall maintain such coverage continuously for a period of at least three years after the completion of the work under this Agreement. CONTRACTOR shall purchase a one (1) year extended reporting period A) if the retroactive date is advanced past the effective date of this Agreement; B) if the policy is DRAFT177 17336.0002A\9580036. 360 cancelled or not renewed; or C) if the policy is replaced by another claims-made policy with a retroactive date subsequent to the effective date of this Agreement. (vi) The foregoing requirements as to the types and limits of insurance coverage to be maintained by CONTRACTOR, and any approval of said insurance by SAFE, is not intended to and shall not in any manner limit or qualify the liabilities and obligations otherwise assumed by the CONTRACTOR pursuant to this Agreement, including but not limited to, the provisions concerning indemnification. (vii) If at any time during the life of the Agreement, any policy of insurance required under this Agreement does not comply with these specifications or is canceled and not replaced, SAFE has the right but not the duty to obtain the insurance it deems necessary and any premium paid by SAFE will be promptly reimbursed by CONTRACTOR or SAFE will withhold amounts sufficient to pay premium from CONTRACTOR payments. In the alternative, SAFE may cancel this Agreement. SAFE may require the CONTRACTOR to provide complete copies of all insurance policies in effect for the duration of the Project. (viii) Neither SAFE, COMMISSION, CHP, Caltrans nor any of their directors, officials, officers, employees or agents shall be personally responsible for any liability arising under or by virtue of this Agreement. Each insurance policy required by this Agreement shall be endorsed to state that: 3.23.5 Deductibles and Self-Insurance Retentions. Any deductibles or self-insured retentions must be declared to and approved by SAFE. If SAFE does not approve the deductibles or self-insured retentions as presented, CONTRACTOR shall guarantee that, at the option of SAFE, either: (1) the insurer shall reduce or eliminate such deductibles or self-insured retentions as respects SAFE, its directors, officials, officers, employees and agents; or, (2) the CONTRACTOR shall procure a bond guaranteeing payment of losses and related investigation costs, claims and administrative and defense expenses. 3.23.6 Acceptability of Insurers. Insurance is to be placed with insurers with a current A.M. Best’s rating no less than A:VIII, licensed to do business in California, and satisfactory to SAFE. 3.23.7 Verification of Coverage. CONTRACTOR shall furnish SAFE with original certificates of insurance and endorsements effecting coverage required by this Agreement on forms satisfactory to SAFE. The certificates and endorsements for each insurance policy shall be signed by a person authorized by that insurer to bind coverage on its behalf. All certificates and endorsements must be received and approved by SAFE before work commences. SAFE reserves the right to require complete, certified copies of all required insurance policies, at any time. DRAFT178 17336.0002A\9580036. 361 3.23.8 Subcontractor Insurance Requirements. CONTRACTOR shall not allow any subcontractors to commence work on any subcontract until they have provided evidence satisfactory to SAFE that they have secured all insurance required under this section. Policies of commercial general liability insurance provided by such subcontractors or subcontractors shall be endorsed to name SAFE, COMMISSION, CHP and Caltrans as additional insureds using ISO form CG 20 38 04 13 or an endorsement providing the exact same coverage. If requested by CONTRACTOR, SAFE may approve different scopes or minimum limits of insurance for particular subcontractors or subcontractors. 3.23.9 Review of Coverage. SAFE retains the right at any time to review the coverage, form and amount of insurance required herein and may require CONTRACTOR to obtain additional insurance reasonably sufficient in coverage, form, amount to provide adequate protection against the kind and extent of risk which exists at the time of change in insurance required. 3.23.10 Safety. CONTRACTOR shall execute and maintain its work so as to avoid injury or damage to any person or property. In carrying out its Services, the CONTRACTOR shall at all times be in compliance with all applicable local, state and federal laws, rules and regulations, and shall exercise all necessary precautions for the safety of employees appropriate to the nature of the work and the conditions under which the work is to be performed. Safety precautions as applicable shall include, but shall not be limited to: (A) adequate life protection and life saving equipment and procedures; (B) instructions in accident prevention for all employees and subcontractors, such as safe walkways, scaffolds, fall protection ladders, bridges, gang planks, confined space procedures, trenching and shoring, equipment and other safety devices, equipment, and wearing apparel as are necessary or lawfully required to prevent accidents or injuries; and (C) adequate facilities for the proper inspection and maintenance of all safety measures. 3.24 Prohibited Interests. 3.24.1 Solicitation. CONTRACTOR maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for CONTRACTOR, to solicit or secure this Contract. Further, CONTRACTOR warrants that it has not paid nor has it agreed to pay any company or person, other than a bona fide employee working solely for CONTRACTOR, any fee, percentage, brokerage fee, gift, or other consideration contingent upon or resulting from the award or making of this Contract. For breach or violation of this warranty, SAFE shall have the right to rescind this Contract without liability. 3.24.2 Conflict of Interest. For the term of this Contract, no member, officer or employee of SAFE, during the term of his or her service with SAFE, shall have any direct interest in this Contract, or obtain any present or anticipated material benefit arising therefrom. 3.24.3 Conflict of Employment. Employment by the CONTRACTOR of personnel currently on the payroll of SAFE shall not be permitted in the performance of this DRAFT179 17336.0002A\9580036. 362 Contract, even though such employment may occur outside of the employee's regular working hours or on weekends, holidays, or vacation time. Further, the employment by the CONTRACTOR of personnel who have been on SAFE payroll within one year prior to the date of execution of this Contract, where this employment is caused by, and or dependent upon, the CONTRACTOR securing this or related Contracts with SAFE, is prohibited. 3.25 Equal Opportunity Employment. CONTRACTOR represents that it is an equal opportunity employer and it shall not discriminate against any subcontractor, employee, or applicant for employment because of race, religion, color, national origin, ancestry, sex, age, disability (including HIV and AIDS), mental disability, medical condition (cancer), marital status, denial of family and medical care leave, or denial of pregnancy disability leave. Such non-discrimination shall include, but not be limited to, all activities related to initial employment, upgrading, demotion, transfer, recruitment or recruitment advertising, layoff, or termination. Employment and Housing Act (Gov. Code Section 12900 et seq.) and the applicable regulations promulgated thereunder (Cal. Admin. Code, Tit. 2, Section 7285.0 et seq.): The applicable regulations of the Fair Employment and Housing Commission implementing Government Code, Sec 12900, set forth in Chapter 5 of Division 4 of Title 2 of the California Administrative Code, Sec 12900, set forth in Chapter 5 of Division 4 of Title 2 of the California Administrative Code are incorporated into this Contract by reference and made a part hereof as if set forth in full. CONTRACTOR shall include the provisions of this Section in all of CONTRACTOR’s subcontracts with respect to work under this Agreement, unless exempted by the Regulations. CONTRACTOR shall also comply with all relevant provisions of SAFE's Minority Business Enterprise program, Affirmative Action Plan, or other related SAFE programs or guidelines currently in effect or hereinafter enacted. 3.26 Right to Employ Other CONTRACTORs. SAFE reserves the right to employ other CONTRACTORs in connection with the Services. 3.27 Governing Law. The validity of this Contract and of any of its terms or provisions, as well as the rights and duties of the parties hereunder, shall be governed by and construed with the laws of the State of California. 3.28 Venue. The Parties acknowledge and agree that this Contract was entered into and intended to be performed in Riverside County, California. The Parties agree that the venue for any action or claim brought by any Party will be the Central District of Riverside County. Each Party hereby waives any law or rule of court which would allow them to request or demand a change of venue. If any action or claim concerning this Contract is brought by any third party, the Parties agree to use their best efforts to obtain a change of venue to the Central District of Riverside County. 3.29 Time of Essence. Time is of the essence for each and every provision of this Contract. 3.30 Headings. Article and section headings, paragraph captions, or marginal headings contained in this Contract are for convenience only and shall have no effect in the construction or interpretation of any provision herein. DRAFT180 17336.0002A\9580036. 363 3.31 Notices. All notices hereunder and communications regarding interpretation of the terms of this Contract or changes thereto shall be given to the respective Parties at the following addresses, or at such other addresses as the respective Parties may provide in writing for this purpose: CONTRACTOR: Pepe’s Towing Service Inc. 2000 W. Key St. Colton, CA 92324 Attn: Lorenzo Navarro SAFE: Riverside County Service Authority for Freeway Emergencies FSP Program P.O. Box 12008 Riverside, CA 92502-2208 Attn: Brian Cunanan Such notice shall be deemed made when personally delivered or when mailed, forty-eight (48) hours after deposit in the U.S. mail, first class postage prepaid, and addressed to the Party at its applicable address. Actual notice shall be deemed adequate notice on the date actual notice occurred, regardless of the method of service. 3.32 Electronic Delivery of Agreement. A manually signed copy of this Agreement which is transmitted by facsimile, email or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original executed copy of the Agreement for all purposes. 3.33 Amendment or Modification. No supplement, modification, or amendment of this Agreement shall be binding unless executed in writing and signed by both Parties. 3.34 Entire Contract. This Agreement contains the entire Agreement of the Parties relating to the subject matter hereof and supersedes all prior negotiations, contracts or understandings. 3.35 Invalidity; Severability. If any portion of this Agreement is declared invalid, illegal, or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect. 3.36 No Waiver. Failure of CONTRACTOR to insist on any one occasion upon strict compliance with any of the terms, covenants or conditions hereof shall not be deemed a waiver of such term, covenant or condition, nor shall any waiver or relinquishment of any rights or powers hereunder at any one time or more times be deemed a waiver or relinquishment of such other right or power at any other time or times. 3.37 Eight-Hour Law. Pursuant to the provisions of the California Labor Code, eight hours of labor shall constitute a legal day's work, and the time of service of any worker DRAFT181 17336.0002A\9580036. 364 employed on the work shall be limited and restricted to eight hours during any one calendar day, and forty hours in any one calendar week, except when payment for overtime is made at not less than one and one-half the basic rate for all hours worked in excess of eight hours per day ("Eight-Hour Law"), unless CONTRACTOR or the Services are not subject to the Eight- Hour Law. CONTRACTOR shall forfeit to SAFE as a penalty, $50.00 for each worker employed in the execution of this Agreement by him, or by any sub-consultant under him, for each calendar day during which such workman is required or permitted to work more than eight hours in any calendar day and forty hours in any one calendar week without such compensation for overtime violation of the provisions of the California Labor Code, unless CONTRACTOR or the Services are not subject to the Eight-Hour Law. 3.38 Subpoenas or Court Orders. Should CONTRACTOR receive a subpoena or court order related to this Agreement, the Services or the Project, CONTRACTOR shall immediately provide written notice of the subpoena or court order to the SAFE. CONTRACTOR shall not respond to any such subpoena or court order until notice to the SAFE is provided as required herein, and shall cooperate with the SAFE in responding to the subpoena or court order. 3.39 Survival. All rights and obligations hereunder that by their nature are to continue after any expiration or termination of this Agreement, including, but not limited to, the indemnification and confidentiality obligations, and the obligations related to receipt of subpoenas or court orders, shall survive any such expiration or termination. 3.40 Counterparts. This Agreement may be signed in one or more counterparts, any one of which shall be effective as an original document. 3.41 Incorporation of Recitals. The recitals set forth above are true and correct and are incorporated into this Agreement as though fully set forth herein. 3.42 Conflicting Provisions. In the event that provisions of any attached exhibits conflict in any way with the provisions set forth in this Agreement, the language, terms and conditions contained in this Agreement shall control the actions and obligations of the Parties and the interpretation of the Parties’ understanding concerning the performance of the Services. In the event the standards set forth in this Agreement conflict with the standards set forth in any exhibit hereto, the higher standard shall govern. 3.43 Attorneys' Fees and Costs. If any legal action is instituted to enforce or declare any Party's rights hereunder, each Party, including the prevailing Party, must bear its own costs and attorneys' fees. This paragraph shall not apply to those costs and attorneys' fees directly arising from any third party legal action against a Party hereto and payable under Section 3.21, Indemnification. 3.44 Consent. Whenever consent or approval of any Party is required under this Contract, that Party shall not unreasonably withhold nor delay such consent or approval. 3.45 No Third Party Beneficiaries. There are no intended third party beneficiaries of any right or obligation assumed by the Parties. DRAFT182 17336.0002A\9580036. 365 [Signatures on following page] DRAFT183 17336.0002A\9580036. 366 SIGNATURE PAGE TO AGREEMENT 20-45-031-00 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first herein written above. RIVERSIDE COUNTY TRANSPORTATION COMMISSION PEPE’S TOWING SERVICE INC. ACTING AS THE RIVERSIDE COUNTY SERVICE AUTHORITY FOR FREEWAY EMERGENCIES By: ____________________________ By: _____________________________ Anne Mayer, Executive Director _____________________________ Name _____________________________ Title APPROVED AS TO FORM: Attest: By: ____________________________ By: ____________________________ Best Best & Krieger LLP, Counsel to the Riverside County Its: Secretary Service Authority for Freeway Emergencies DRAFT184 17336.0002A\9580036. 367 EXHIBIT “A” Scope of Services DRAFT185 SCOPE OF SERVICES APPENDIX A - 1 1.0 GENERAL INFORMATION 1.1 Background & Introduction In 1986, the Commission established itself as the Riverside County Service Authority for Freeway Emergencies (RC SAFE) after the enactment of SB 1199 in 1985. The purpose of the formation of SAFEs in California was to provide call box services and, with excess funds, provide additional motorist aid services. Funding for RC SAFE is derived from a one dollar per vehicle registration fee on vehicles registered in Riverside County. Initially, these funds were used only for the call box program. As additional motorist aid services were developed, SAFE funds were also used to provide Freeway Service Patrol (FSP) and the Inland Empire 511 traveler information services as part of a comprehensive motorist aid system in Riverside County. In 1990, Proposition C was passed to fund transportation improvements and to help reduce traffic congestion in California. From this, the FSP program was created by Caltrans, which developed the corresponding Local Funding Allocation Plan to distribute funds to participating jurisdictions. In addition to funding received from Caltrans, agencies are required to contribute a 25 percent local match. For the Commission, SAFE revenues are used to meet this match requirement. The Commission, acting in its capacity as the SAFE, is the principal agency in Riverside County, in partnership with Caltrans and the California Highway Patrol (CHP), managing the FSP program. The purpose of the FSP program is to provide a continuously roving tow services patrol along designated freeway segments (referred to as beats) to relieve freeway congestion and facilitate the rapid removal of disabled vehicles and those involved in minor accidents on local freeways. Contracts to provide FSP tow service are competitively bid as needed for each beat. 1.2 Project Description The purpose of the FSP program is to provide a continuous roving patrol for the rapid removal of disabled vehicles and those involved in minor accidents from the freeway. Where traffic conditions permit, safe removal of small debris will be required. Vehicle operators shall be responsible for clearing the freeway of automobiles, small trucks, and small debris. When and where conditions warrant, service may be executed on the freeway shoulders. Where conditions do not warrant, vehicle operators will remove the vehicles from the freeway to provide service. FSP vehicles shall continuously patrol their assigned beat, respond to CHP calls for Services, use the designated turnaround locations, and use the CHP identified designated drop locations. FSP vehicle operators may be required to perform minor services such as change flat tires, provide "jump" starts, provide one gallon of gasoline or diesel fuel, temporarily tape cooling system hoses, and refill radiators in a safe and efficient manner. Vehicle operators may spend a maximum of ten (10) minutes per disablement in attempting to mobilize a vehicle. DRAFT186 APPENDIX A - 2 If a disabled vehicle cannot be mobilized within the ten-minute (10) time limit, it shall be towed to a designated drop location identified by the CHP. The motorist can request the FSP vehicle operator to call the CHP Communications Center to request a CHP rotational tow or other services. FSP vehicle operators shall not be allowed to tow as an independent contractor from an incident that occurred during the FSP shift unless called as a rotation tow by CHP after the FSP shift has ended. If called as a rotation tow after a FSP shift, the vehicle operator must remove all FSP markings such as vests, uniforms, and magnetic vehicle signage. There may be some instances where FSP operators may be requested to provide assistance to CHP officers. FSP operators shall follow the instructions of the CHP officer at the scene of any incident within the scope of the FSP program. All FSP services shall be provided at no cost to the motorist. FSP vehicle operators shall not accept gratuities, perform secondary towing services, recommend secondary tows, or recommend repair/body shop businesses. Freeway Service Patrol hours of operation are 5:30 a.m. to 8:30 a.m. and 2:30 p.m. to 6:30 p.m., Monday through Thursday; and 5:30 a.m. to 8:30 a.m. and 12:30 p.m. to 6:30 p.m. on Friday. Contractor vehicles shall be exclusively dedicated to the service during FSP service hours. All vehicle maintenance activities shall be conducted during non-service hours. The FSP operates on selected freeway segments referred to as “Beats”. Each Beat has specific turnaround locations and designated drop locations identified by the California Highway Patrol (CHP). The Scope of Services (Section 2.0) hereunder identifies the specific limits, number of tow trucks, number of back-up trucks, hours of operation, and tentative holidays on which the cost of each beat shall be based. RCTC reserves the right to add or delete holidays to the work schedule. Travel time to and from the Beat will be at the expense of the Contractor. To be awarded a contract, a Contractor must have a tow facility within close proximity to the service area, have been in business as a tow service operator for a minimum of five (5) years, and have a minimum of one (1) full year experience working under contract/agreement and in good standing within the last three (3) years with any type of law enforcement agency. A Contractor with no prior FSP experience shall be considered NEW and may only be awarded one FSP beat. A Contractor that has been terminated for cause from any FSP contract within the state shall not be eligible to participate in the Riverside County FSP program. A NEW Contractor, who remains in good standing, as determined by FSP management, may be considered for additional beat awards in future procurements. An existing Contractor that is not in good standing as determined by information received by the FSP management staff at the time of their proposal may, at the discretion of FSP management, be limited to the number of beats the Contractor is awarded, including not being awarded any beats. DRAFT187 APPENDIX A - 3 FSP Management Staff reserves the right to limit the number of beats awarded to one Contractor. At any time during the contract's term, RCTC reserves the right to adjust Beat specifications and Beat hours to better accommodate demand for the service, or the availability of funding. These changes can occur during the course of the contract through written change orders. If warranted during the service hours of operation, the Contractor may be requested to temporarily reassign his/her FSP operators/trucks to locations outside its assigned Beat. Tow Operators may be permitted to do this only upon CHP and/or RCTC approval. FSP vehicle operators shall follow the instructions of the CHP officer at the scene of any incident within the scope of the FSP program. All FSP services shall be provided at no cost to the motorist. FSP vehicle operators shall not accept gratuities, perform secondary towing services, recommend secondary tows, or recommend repair/body shop businesses. If awarded a contract, the Contractor shall have one hundred sixteen (116) calendar days for Beat 26 and two hundred six (206) calendar days for Beat 25, after the notice to proceed (notice to proceed tentatively expected on or around April 9, 2020), in which to acquire the required equipment and hire and train vehicle operators. The Contractor shall have the appropriate number of primary and back-up trucks ready for equipment installation and CHP inspection no later than July 20, 2020 for Beat 26 and October 19, 2020 for Beat 25. Any company that cannot meet the above-mentioned requirements shall not be awarded the contract(s). 2.0 Beat Description/Summary FSP operates on selected freeway segments referred to as “beats”. Each beat has specific turnaround locations and designated drop locations identified by the CHP. The specific limits, number of tow trucks, number of back-up trucks and hours of operation, including the holiday schedule, are detailed below. SAFE reserves the right to add or delete holidays to the work schedule, provided that SAFE provides CONTRACTOR seven (7) days advanced notice of such addition or deletion. Travel time to and from the beat will be at the expense of the CONTRACTOR. At any time, SAFE reserves the right to adjust beat specifications to better accommodate demand for the Services, or availability of funding. These changes can occur during the course of this Contract through written change orders. If warranted and during the hours of operation of the Services, the CONTRACTOR may be requested to temporarily reassign his/her FSP operators/trucks to locations outside the assigned beat. DRAFT188 APPENDIX A - 4 FSP Beat # Beat Description One-Way Length in Miles # Primary FSP Trucks in both AM and PM # Backup FSP Trucks 25 I-15 from Hidden Valley Parkway to Jurupa Ave 10.4 2 1 26 I-15 from Magnolia Ave to Indian Truck Trail 10.1 2 1 2.1 Hours of Operation: Monday through Thursday: 5:30 a.m. to 8:30 a.m., and from 2:30 p.m. to 6:30 p.m. Friday: 5:30 a.m. to 8:30 a.m., and from 12:30 p.m. to 6:30 p.m. Each Beat requires at least one backup truck available at all times. RCTC reserves the right to change Beat hours and operational requirements during the course of the contract. a. Total estimated service hours per vehicle/per year: 1,950 b. In addition to the above service hours, at the discretion of RCTC and CHP, additional service may be requested on certain “high traffic days” on/or following certain holidays (e.g. July 4th, Labor Day, and Memorial Day). Contractor will be notified at least one week prior to when this service is to be provided. During FSP shifts that require a 30-minute meal period break to be provided pursuant to Labor Code section 512, the Contractor shall either make arrangements for another certified FSP driver to provide the contracted FSP coverage during those breaks or not be compensated for each 30-minute meal period break during which FSP service is not provided. In no case shall the Contractor be entitled to compensation from RCTC for time during which its FSP driver is taking a 30-minute meal period break, unless the Contractor has provided another driver to cover this 30-minute meal period break. 2.2 Holiday Schedule Proposer shall submit its cost proposal for provision of the required FSP tow services five days each week, Monday through Friday, of each year during the contract term, except for the following ten (10) holidays: 1. Martin Luther King, Jr. Day (Monday) 2. Presidents’ Day (Monday) 3. Memorial Day (Monday) 4. Independence Day (July 4 - varies) 5. Labor Day (Monday) DRAFT189 APPENDIX A - 5 6. Veterans Day (varies) 7. Thanksgiving Day (Thursday) 8. Day after Thanksgiving (Friday) 9. Christmas Day (December 25 - varies) 10. New Year’s Day (January 1 – varies) 3.0 FSP Management and Representatives RCTC has entered into a Memorandum of Understanding with the California Department of Transportation (Caltrans) and CHP, in order to provide peak hour freeway service patrols on selected freeway segments for traffic mitigation, as well as air quality improvement within Riverside County. RCTC, Caltrans, and CHP will jointly oversee the service. RCTC serves as the contract administrator and funding partner; Caltrans provides oversight; and CHP is responsible for the daily operations and field supervision of the program. Authority for FSP derives from (a) Section 21718 (A) of the California Vehicle Code, which allows FSP trucks supervised by the CHP to stop on freeways for the purpose of rapid removal of impediments to traffic, and (b) Article 3, Section 91, of the Streets and Highways Code, which states that Caltrans is responsible for traffic management and removing impediments from the highways, as well as improving and maintaining the state highways. 3.1 Standard Operating Procedures The guidelines and policies of the FSP program, which promote a safe work environment and maintain a level of professionalism, are contained in the Standard Operating Procedures (SOP) manual developed by the CHP. The SOP and any updates to it are incorporated into the contract with RCTC, therefore, the Contractor and their vehicle operators are responsible to operate and adhere to the most recent version of the SOP at all times. Contractor shall be held responsible for maintaining an updated SOP (latest version issued with the RFP), which is incorporated herein by reference. SOP revisions and updates shall be unilaterally issued by RCTC or CHP, as deemed necessary by CHP or the FSP Technical Advisory Committee, and all changes, revisions and updates to the SOP, if any, shall supersede all previous or existing SOPs. A copy of the SOP is included as part of the original RFP package and additional hard or soft copies can be provided to all interested parties upon request. Vehicle operators or trucks found not to be in compliance with FSP procedures defined in the SOP may be penalized, suspended, and/or terminated from the FSP program and the company may also be assessed liquidated damages amounts for said violations as described herein. Liquidated damages are inclusive of other remedies at law and/or those described under the terms of the contract. Refer to Proposal Pricing Form for further details on violations and penalties. DRAFT190 APPENDIX A - 6 4.0 Vehicles 4.1 Tow Truck Requirements Primary and back-up FSP tow trucks shall be exclusively dedicated to the FSP program during FSP service hours of operation. They are not required to be exclusive during non-FSP hours. All vehicle maintenance activities shall be conducted during non-Service hours. When conducting the Services on a FSP shift, the CONTRACTOR’s vehicle shall display all FSP markings and the vehicle operator shall wear a FSP uniform. The FSP will utilize, at a minimum, Class A tow trucks with a minimum gross vehicle weight rating of 14,000 pounds, dual wheel chassis, and a four (4) ton recovery equipment rating. All trucks proposed for use in the FSP Program must be less than one (1) year old with a maximum of 50,000 miles on the chassis and working parts of the truck at the onset of the contract, free of any mechanical defects or physical damage and have a clear (non salvage) title. Extenuating circumstances dictating departure from this specification should be at the consensus of the local FSP partners. The CHP, in conjunction with Caltrans or the regional transportation agency, should verify the original purchase dates to ensure compliance. Lastly the truck shall have seating capabilities for five (5) adults. All FSP tow trucks must be Department of Transportation (DOT) compliant, as well as California Air Resources Board (CARB) compliant. This includes an engine that has been certified by CARB, as required by law in the State of California. Any tow truck that is utilized for the FSP Program must comply with emission standards set forth by DOT and CARB, as well as all local, state, and federal laws associated with that truck and as outlined in the RFP. Each tow truck shall be equipped in accordance with the CHP’s Freeway Service Patrol Manual and Standard Operating Procedures Manual and, at a minimum, shall include the following: a. Equipment & Supplies (Required) 1. Wheel lift towing equipment, with a minimum lift rating of 3,000 pounds. All tow equipment shall include proper safety straps. 2. Boom with a minimum static rating of 8,000 pounds. 3. Winch Cable - 8,000 pound rating on the first layer of cable. 4. Wire rope – 100ft., 3/8 inch diameter, 6 x19 or OEM specifications. 5. Two (2) Tow chains 3/8" alloy or OEM specs., J/T hook assembly. 6. Rubber faced push bumper. 7. Mounted spotlight capable of directing a beam both front and rear. 8. Amber warning lights with front and rear directional flashing capability, with on/off switch in cab. 9. Public address system. 10. Power outlets ("hot boxes"), front and rear mounted, with outlets compatible to 12-volt booster cables. 11. Heavy duty, 60+ amp battery. DRAFT191 APPENDIX A - 7 12. Radios with the ability to communicate with the Contractor's base office (Verizon). 13. Programmable scanners capable of scanning between the 39 and 48 MHz used by the CHP. Scanners need to be capable of scanning CHP Police frequencies, and must be mounted for safety concerns. 14. Suitable cab lighting. 15. Trailer hitch capable of handling a 1 7/8-inch ball and 2 inch ball. 16. One (1) 1 7/8-inch ball and one (1) 2 inch ball. 17. Rear work lights. (4) 18. Safety chain D-ring or eyelet mounted on rear of truck. 19. Motorcycle straps. (2) 20. Diesel fuel in plastic jerry cans. (5 gallons) 21. Unleaded gasoline in plastic jerry cans. (5 gallons) 22. Safety chains min. 5ft. min. 5/16” Alloy or OEM Spec. (2) 23. First aid kit (small 5" x 9"). (1) 24. Fire extinguisher aggregate rating of at least 4 B-C units. (1) 25. Pry bar - 36" or longer. (1) 26. Radiator water in plastic container. (5 gallons) 27. 4" x 4" x 48" wooden cross beam. (1) 28. 4" x 4" x 60" wooden cross beam. (1) 29. 24" wide street broom. (1) 30. Square point shovel. (1) 31. Highway flares 360 minutes min. 32. Cones 18" height, reflectorized with tape. 33. Hydraulic Floor Jack: 2-ton AND 34. 2-ton jack stand 35. Wheel chock 36. Four way lug wrench (1 std.). (1) 37. Four way lug wrench (1 metric). (1) 38. Rechargeable compressor or refillable air bottle, hoses and fittings to fit tire valve stems, 100 psi capacity. (1) 39. Flashlight and spare batteries. (1) 40. Tail lights/brake lights, portable remote with extension cord. (1 set) 41. Booster cables, 25 ft. long minimum, 3-gauge copper wire with heavy-duty clamps and one end adapted to truck's power outlets. (1 set) 42. Funnel, multi-purpose, flexible spout. (1) 43. Pop-Up dolly (with tow straps), portable for removing otherwise untowable vehicles. (1) 44. 5-gallon can with lid filled with clean absorb-all. (1) 45. Empty trash can with lid (5 gallon). (1) 46. Lock out set. (1) 47. Safety glasses. DRAFT192 APPENDIX A - 8 b. Equipment & Supplies (Recommended) 48. Towing slings rated at 3,000 pounds minimum. RECOMMENDED 49. Sling crossbar spacer blocks. RECOMMENDED (2) c. Tools (Required) Each FSP truck will be required to have a toolbox with the following minimum number of tools/supplies. A tool kit for small equipment items is required. The list may be supplemented at the Contractor's option and expense. 50. Screwdrivers-- i. Standard-1/8", 3/16", 1/4", 5/16" (1 each, min). ii. Phillips head - #1 and #2 (1 each, min). 51. Needle nose pliers (1) 52. Adjustable rib joint pliers, 2" min. capacity (1) 53. Crescent wrench - 8" (1) 54. Crescent wrench - 12" (1) 55. 4 lb. hammer (1) 56. Rubber mallet (1) 57. Electrical tape, roll (1) 58. Duct tape, 20 yard roll (1) 59. Tire pressure gauge (1) 60. Mechanic's wire (roll) (1) 61. Bolt cutters (1) 4.2 Tow Truck Appearance FSP vehicles bearing the FSP title, logo, and vehicle identification number shall be painted white (includes the hood, fenders, doors, boom, and bed area – the entire truck is to be painted white). No trim is allowed. Lettering shall be in a blocked bold style parallel to the ground and shall be no less than 2 inches by 2 inches and no greater than 4 inches in height. Lettering can only be black in color (no other colors will be permitted). Letters shall be placed on the lower body of the truck toward the cab. Contractor’s name on the boom is prohibited. The overall look of the truck must be approved by CHP prior to service implementation; therefore, any questions regarding this policy may be discussed with CHP prior to implementing, as truck compliance with current state FSP standards is required. No other accessory equipment, signage, or advertisements (mud flaps, stickers, employment advertisement, and so forth) shall be mounted or installed without prior CHP approval. This includes, but is not limited to: bras or window tint. It shall be the vehicle operator’s responsibility to place detachable FSP markings on each vehicle during FSP service hours and to remove the detachable markings immediately upon completion of each shift. RCTC will supply each Contractor with the appropriate number of detachable markings for each Beat(s). If a marking is lost or damaged, the Contractor shall be responsible for the cost of the replacement markings. All FSP markings shall be returned DRAFT193 APPENDIX A - 9 at the termination of the contract. The cost of any RCTC and/or Caltrans/CHP supplied item and/or equipment not returned shall be deducted from the Contractor's final payment. FSP markings, as well as vehicle numbers, shall be required on both sides of all trucks. The detachable markings (magnetic FSP signage) provided by RCTC, must be placed on the center of the driver and passenger doors of the vehicle. The vehicle operator shall be required to keep the title and logos clean, straight, and in readable condition throughout the FSP shift. The operator is also required to keep the magnetic signage flat (do not bend in any way), clean, and out of direct sunlight while being stored during non-FSP operational hours. 4.3 Vehicle Inspections Prior to commencement of service, the CHP will inspect each vehicle designated for the FSP to ensure that it meets the vehicle specifications and to ensure that it meets or exceeds safety requirements. These inspections will occur prior to the start of service. Succeeding inspections will occur periodically as determined by the CHP. Documentation of the vehicle identification number and successful completion of the inspection will be kept on file at the CHP office and Contractor's base office. Any unsafe, poorly maintained, or improperly equipped vehicle(s) shall be removed from service, and if discovered to be in such a condition during the shift said vehicle(s) shall be removed from service or repaired as directed by the CHP, and the Contractor shall be fined three (3) times the hourly contract rate in one (1) minute increments for the remainder of that shift, plus the loss of revenue for the down time. Spare vehicles, also known as “back-ups”, will be required to complete the shifts of vehicles removed from service. The Contractor will be required to have a spare FSP vehicle available for service for the duration of each and every FSP shift. The vehicle operator shall be required to complete a pre-operation shift inspection log of the vehicle as well as inventory the required equipment prior to the start of each and every shift. The vehicle operator shall be required to complete a driver log, which is used to track the mileage. A shift inspection/inventory log shall be completed by the vehicle operator prior to the start of each shift and be available for inspection. Any item missing must be replaced prior to the start of the shift. All equipment stored on top of the truck shall be secured to the truck. 4.4 Spare/Back-Up Vehicles The Contractor shall be required to have one FSP Certified Back-Up tow truck available per Beat during FSP service hours that is in full compliance with the agreement, unless otherwise authorized by RCTC and CHP in writing. During FSP service hours, the spare vehicle shall be kept at the Contractor’s yard or staged adjacent to the assigned beat. The FSP Certified Back-Up tow truck should be used when a Certified Primary FSP tow truck is unavailable. The FSP Certified Back-Up tow truck shall meet the same requirements for equipment, set-up, and color as the Certified Primary FSP tow truck. It shall meet all the vehicle equipment specifications. Refer to Attachment H for further details on violations and penalties. DRAFT194 APPENDIX A - 10 4.5 Vehicle Breakdown and Other Missed Service The spare vehicle must be in service on the Beat within 45 minutes of the time a permanently dedicated vehicle is taken out of service for any reason. The Contractor shall not be paid for the time period that the contractually required trucks are not in service. If a vehicle is not made available within the required 45 minute time period, the Contractor shall be fined three (3) times the hourly contract rate in one (1) minute increments for every minute that exceeds the 45 minute replacement period until a certified FSP compliant spare/back-up vehicle is provided. If a truck is not ready due to breakdown at the start of a shift, the fine time will be calculated from the start of the shift until a replacement is placed into service. If the entire shift is missed, Contractor shall be fined for the entire shift at three (3) times the hourly rate times the total minutes for the affected shift. Vehicle maintenance shall be performed during non-FSP service hours. In addition, not having a certified FSP “spare or back-up” vehicle operator available is not an allowable excuse for not having a spare (back-up) vehicle on the beat within the 45 minute time period. If the Contractor does not have a dedicated or spare truck on the Beat because a certified FSP vehicle operator is not available, the Contractor shall be fined three (3) times the hourly contract rate in one (1) minute increments until a certified FSP replacement vehicle operator is provided. If the entire shift is missed because a vehicle operator was not available, the Contractor shall be fined for the entire shift at three (3) times the hourly rate times the total minutes for the affected shift. 5.0 Communications Equipment and Computers 5.1 Communications Equipment Each FSP vehicle shall be equipped with various communication devices that will enable the vehicle operator to communicate with the CHP Communications Center. All vehicles shall be equipped with an Automatic Vehicle Location (AVL) system, radios, and Data Collection Devices (DCD). The AVL system, radio, and DCD equipment shall be purchased, owned, and supplied by RCTC. RCTC shall select the equipment installation vendor. The Contractor shall be responsible for maintaining the security of the vehicle communication equipment provided by RCTC. The Contractor shall be liable for any damage to the RCTC-owned communication equipment. The Contractor shall also be liable for the full replacement value of the communication equipment installed in the trucks while in the care, custody, and control of the equipment. RCTC will deduct repair fees as well as the full replacement cost of any RCTC equipment due to improper use or negligence by the Contractor from any payment due to the Contractor. RCTC-supplied vehicle communications equipment shall be returned in full working condition upon contract termination. The cost of any equipment not returned within a reasonable time period shall be deducted from the Contractor's final payment. DRAFT195 APPENDIX A - 11 Programmable scanners capable of scanning between the 39 and 48 MHz used by CHP shall be supplied by the Contractor and shall be installed (mounted) in all vehicles. The Contractor is also required to use Verizon wireless cell phones with push-to-talk-plus capability, or equivalent, for communications with the CHP Communications Center and the CHP Field Supervisor. Wireless cell phones shall be purchased and maintained by the Contractor. The Contractor will also be responsible for all operating costs as well. In addition, tow operators are not permitted to take pictures, video, or capture any other images while performing FSP duties during FSP operational hours. These actions will not be tolerated and a vehicle operator may be terminated if it is discovered they are doing so. In addition, any input of data into the DCD shall not be allowed while the vehicle is being operated/driven. Use of other devices while driving/operating a vehicle such as cell phones is prohibited by California State Law. The FSP vehicles shall be equipped with a public address system. The public address system shall have the capability for the driver of the disabled vehicle to hear instructions transmitted from the cab of the FSP vehicle when the FSP vehicle is directly to the rear of the disabled vehicle. 5.2 Computer Equipment The Contractor must have and maintain a desktop computer workstation with high speed internet access and email to communicate with RCTC staff. The Contractor must ensure that the DCD equipment is inspected and cleaned on a quarterly basis, or more frequently if needed. All DCD equipment should have the exterior protective case cleaned (protective outside case) and screen protector shall be inspected for functionality and serviceability. Worn items shall be immediately reported to RCTC. All DCD equipment must be kept in a secure location. During non-FSP operational hours, DCD equipment shall not be left in a tow vehicle or go home with a vehicle operator or anyone else. All DCD equipment must be in a designated charging area at the tow operator’s facility during non-FSP operational hours. The DCD equipment shall always have enough charge to complete each shift. In order to reduce instances of technology glitches, the DCD equipment shall be turned off/turned on at least once per week. DCD equipment is to be with the vehicle operator in their FSP truck during FSP operational hours. Any other location shall not be permitted. The Contractor shall immediately report any issues with the work station or the DCD equipment to the RCTC FSP Program Manager or one of the FSP CHP Officers. Contractor is directly responsible to ensure their computer work station is operating and has internet access at all times – this is a contract requirement. The Contractor shall provide access to the DCD equipment for RCTC staff, or their designated designee, at any time during the course of the Contract. In addition, the Contractor shall DRAFT196 APPENDIX A - 12 also make the workstation available to RCTC, or its designee, 30 calendar days prior to the start of the new service. The Contractor shall provide an annual inspection report to RCTC indicating the status of all equipment. RCTC will provide the submittal form. Tow operators should consider the accurate completion and timely return of this form as part of their contract requirements. 5.3 Equipment Tampering Tampering with FSP communication/tracking equipment so that it does not function properly to RCTC’s specifications, and/or is disconnected or moved (without FSP Management authorization) from its original installed location is strictly prohibited. This includes but is not limited to: breaking evidence tape/connection sealer on equipment connections, cutting wires or cables, moving mounted equipment (speakers, microphones, antennas, etc.), rerouting any wiring, disconnecting any connectors, Contractor/subcontractor unintentionally altering equipment or connections to equipment during vehicle maintenance or repair, or interfering with the operations of the equipment. If tampering is suspected, FSP Management may conduct an inspection of the equipment on the Beat or the vehicle may be sent to a designated location determined by FSP Management. 1. If tampering is found while the vehicle is used during FSP operational hours, the vehicle operator and vehicle will be immediately taken out of service and the Contractor shall be fined in one (1) minute increments at three (3) times their hourly rate, until such time that the back-up truck is deployed. Please note that if tampering is discovered, the penalties (three times the hourly rate in one minute increments) shall begin immediately upon the discovery of the tampering. The normal 45-minute back-up truck time allowance will not be considered “non-penalty” time under these circumstances. The penalties shall begin immediately upon the tampering being discovered. 2. If the vehicle is suspected to have equipment that has been tampered with, it may be sent to a designated location determined by FSP Management and CHP for an inspection. If tampering is found, the Contractor will be retroactively fined three (3) times the hourly rate in one (1) minute increments from the time the tampering was first suspected. The penalties will continue until a certified FSP back-up truck is deployed. The normal 45-minute back-up truck time allowance will not be considered “non-penalty” under these circumstances. Tampering Repairs If tampering is discovered during FSP operational hours, the vehicle will be taken out of service and will remain out of service until the repair and the documentation can be completed by the FSP Program designated technician. FSP Management determines the designated technician. The transportation, labor, and repair costs will be the responsibility of the Contractor. Costs incurred to repair and document the equipment will be deducted from the Contractor monthly invoice. DRAFT197 APPENDIX A - 13 Tampering Penalties The Contractor will also be assessed a $250 fine (whether the tampering is discovered while on the Beat, or if it was suspected and later confirmed) per incidence on their monthly invoice. If it is determined that the vehicle operator tampered with the equipment, the vehicle operator will be suspended for a minimum of 30 days for the initial tampering offense and subject to termination from the FSP Program for any subsequent tampering violations. 6.0 Contractor Responsibilities 6.1 Appearance at Hearings If and when required by SAFE, Contractor shall render assistance at public hearings or other meetings related to the performance of the Services. 6.2 Damage Complaints Upon receiving a damage complaint from a motorist assisted by the Contractor, that the Contractor damaged their vehicle while lending assistance, the Contractor shall notify CHP immediately regarding the nature of the damage complaint and its disposition. The Contractor shall reply to the motorist by telephone within twenty-four (24) hours of receiving the damage complaint notification from CHP. If necessary, the Contractor shall send either his or her authorized representative or his or her insurance company representative to inspect the vehicle and complete an incident report within forty-eight (48) hours after receiving the damage complaint. If the investigation shows that damage to the vehicle could have been caused by the Contractor, the Contractor shall negotiate in good faith to try and resolve the issue and shall report to CHP the result of the negotiations. All complaints shall be resolved within a reasonable time period after being received. 6.3 Complaint Review Committee The FSP Technical Advisory Committee (“FSP TAC”) is composed of voting members from CHP, SAFE, and Caltrans. Voting members of the FSP TAC are hereby designated as the members of the Damage Complaint Review Committee (“DCRC”). If the DCRC finds that justifiable complaints are not resolved within a reasonable timeframe, it can recommend that payment to the Contractor in the amount of the damage claim may be deducted from the Contractor monthly invoice. 6.4 Trend Meetings Contractor shall attend, or send a designated management-level representative, to all trend meetings (i.e. required FSP TAC meeting which meets every other month). These trend meetings will encompass focused and informal discussions concerning, but not limited to: scope, Services, schedule, current progress of Services, relevant cost issues, and future objectives. Contractor shall be responsible for having a representative attend all meetings (i.e. FSP TAC meetings) that has the ability to make management-level decisions on the DRAFT198 APPENDIX A - 14 behalf of the Contractor. If the Contractor cannot have a management-level representative at a meeting, Contractor shall notify SAFE and CHP prior to the meeting. Management-level attendance at these meetings shall be considered part of the Contractor’s contractual responsibility. Meetings are scheduled, and Contractor will be notified of such schedule, no later than three (3) working days prior to the meeting. 7.0 Vehicle Operators 7.1 Operator Qualifications and Performance All potential vehicle operators shall be required to have a safe driving record and, at a minimum, a valid Class C driver's license. All vehicle operators shall be 18 years of age or older at the time of background check. Potential vehicle operators shall be subject to driving record and criminal background checks through the California Highway Patrol. Potential vehicle operators shall be sufficiently experienced in the tasks of tow truck operations and proficient with all required Freeway Service Patrol equipment to provide safe and proper service. Any certified vehicle operator from other FSP areas will be evaluated on a case-by-case basis. All potential vehicle operators must be capable of demonstrating their tow operating abilities prior to formal CHP training, also known as proficiency testing. Additionally, the vehicle operators will be required to exercise good, sound judgment in carrying out their duties. Vehicle operators shall be required to inform the CHP Communications Center any time they leave the assigned Beat. This includes breaks and replenishing expendable items, such as: gasoline, fire extinguisher, etc. The vehicle operator shall be required to immediately notify the CHP Communications Center upon a tow truck breakdown. FSP vehicle operators will be responsible for accurately entering the required data into DCD equipment every shift. Each FSP vehicle operator shall complete an inspection worksheet prior to the commencement of driving the tow truck and a mileage log prior to beginning service on the Beat. The FSP vehicle operator shall be required to complete an assist record for each incident. Each assist record should be accurate. Contractors or Operators providing false or misleading information to FSP Management shall be subject to disciplinary action and will be handled on a case-by-case basis. FSP vehicle operators shall always complete the required procedures per the SOP when handling required forms. No duplicate survey numbers should be entered into the DCD equipment at any time. Vehicle operators are required to complete in their entirety the Release of Liability form and Damage Release form when applicable. These completed forms should be handed in to RCTC at a minimum every 60 days. If it is discovered that a vehicle operator has entered duplicate survey numbers, not properly completed the release forms, or not turned the release forms in timely, the Contractor may be subject to penalties as outlined in Proposal Pricing Form. CHP, Caltrans, and RCTC maintain strict drug and alcohol policies. Contractors shall have an alcohol and drug program that includes at a minimum, a drug and alcohol free workplace DRAFT199 APPENDIX A - 15 policy and an employee alcohol/drug-testing program. Any FSP vehicle operator found working under the influence of drugs or alcohol shall be immediately removed from the FSP program by the Contractor. The Contractor shall be responsible for providing a certified replacement vehicle operator for that vehicle. The Contractor shall be an active participant in the DMV Pull Notice Program. If a vehicle operator is convicted of a crime involving a stolen vehicle, stolen property, violence, drugs, or moral turpitude, fraud related to the towing business, or misdemeanor or felony driving while under the influence of alcohol or a drug, the Contractor shall permanently remove that vehicle operator from duties under the FSP program. If a vehicle operator is charged with any of the above crimes, the Contractor shall immediately suspend that vehicle operator from duties under this program pending the outcome of the criminal case. If the vehicle operator is not convicted, or is ultimately convicted of a lesser crime not described above, RCTC retains the right to have the Contractor remove that vehicle operator from the duties under the FSP program. 7.2 Operator Training At the Contractor’s expense, all company owners, FSP vehicle operators, and back-up vehicle operators shall be required to present a certificate of completion of a SHRP 2/TIMS training course and to complete the CHP two-day training program which costs approximately $50.00 per vehicle operator (fee is for the DL64 Tow Truck Driver Certificate and fingerprinting). Contractors shall pay all FSP operators and back-up vehicle operators for attending the training. No vehicle operator will be allowed to begin patrolling without meeting the requirements set forth in the SOP. Any vehicle operator who is found on patrol not meeting the requirements may be prohibited from further FSP service and the Contractor’s contract may be terminated immediately. Mandatory CHP refresher training classes shall be attended. A minimum of four (4) hours refresher training per year shall be required (at Contractor’s expense). Contractors shall pay all FSP vehicle operators and back-up vehicle operators for attending the required training. Vehicle operators will be required to utilize DCD equipment to input information about mileage, inspection, and each assist, which will include: location, vehicle make, model, license number, type of assistance provided, etc. Vehicle operators will be trained on using DCD equipment to enter data. 7.3 Operator Driving Record and Criminal History Check As required by California Vehicle Code Section 2340, all applicants and owners are required to have a driver’s license and criminal history check. Only after a completed CHP 234F is received and accepted by CHP, a driver’s license and preliminary criminal history check will be performed. DRAFT200 APPENDIX A - 16 The driver’s license check will consist of confirming that the applicant has a valid driver’s license and the applicant’s point count is within standards set forth in this SOP (refer to Chapter 11, Annex A). The preliminary criminal history check will consist of a preliminary background check to determine if the applicant meets the criteria for a California Tow Truck Driver Certificate as outlined in California Public Resources Code Section 5164, California Vehicle Code Section 13377 and the FSP Contract. In addition, RCTC or the CHP may, in its sole discretion, require an Employer to replace any vehicle operator or reject a potential vehicle operator who it determines is not suitable to represent the FSP Program with the public. If the applicant passes the preliminary criminal history check, the applicant shall submit to fingerprinting. Driver’s license and preliminary criminal history checks will be completed by CHP within ten (10) working days of the acceptance of a CHP 234F. 7.4 Vehicle Operator Uniform It shall be the responsibility of the Contractor to provide the vehicle operator with specified uniforms, black protective toe boots, nameplate, gloves and other equipment. The equipment includes navy blue coveralls or navy blue shirts and pants. If coveralls are worn, they shall have a collar with a zip front. Optionally, drivers may wear a standard navy blue (long-sleeve only) uniform shirt, with a fluorescent orange (must be only 2.5” wide) trim, with a ½” silver reflective tape down the middle. This allowed reflective tape must be on both sleeves. All uniforms shall be clean, properly maintained, and replaced whenever excessively worn. Sleeves and pant legs shall be moderately tapered to avoid excessive fullness. A safety vest with reflective stripes shall be worn and supplied by RCTC. RCTC will supply vests with the FSP logo patches already sewn on per CHP’s required patch placement locations. A FSP logo patch is not required to be sewn on the navy blue FSP vehicle operator uniform. A detachable brass or gold nameplate shall be worn with the first initial of the first name and full last name. Letters shall not exceed ½” tall. The nameplate shall be worn above the right chest pocket on the safety vest. The Contractor is responsible for obtaining FSP CHP approval of the driver nameplates, and the Contractor is responsible for the purchase and replacement of the FSP vehicle operator nameplate. All FSP vehicle operators shall wear general duty black work boots with protective (steel or composite) toe. During cold weather, a navy blue sweater or sweatshirt may be worn under the uniform shirt/coveralls. As an option, a navy blue jacket may also be worn, if it meets all the uniform specifications and is worn under the safety vest. Rain gear, if worn, shall be waterproofed DRAFT201 APPENDIX A - 17 material and navy blue or yellow in color. Hats, if worn, shall be baseball-type caps and navy blue in color. An "FSP" logo patch may be sewn on the hat above the brim. No other logos/names shall be accepted. A beanie may also be worn which must be navy blue in color and worn only with a jacket or long sleeve shirt under the vest. Contractor should refer to the most current SOP to ensure they are following the most recent requirements. SOP revisions and updates shall be unilaterally issued by RCTC, as deemed necessary by RCTC management, and all changes, revisions and updates to the SOP, if any, shall supersede all previous or existing SOPs. A copy of the SOP is included as part of the original RFP package. 7.5 Local Office The Contractor shall provide a local office for contract administration purposes. This office shall be staffed by either the Contractor or a person who has the authority to conduct business and make decisions on behalf of the Contractor. The office shall have business hours coinciding with Contractor's Beat(s) hours of operation. Through the Proposal document shown in the Contractor Representative Form, the Contractor shall designate representatives who will be available at the office during hours of operation to make decisions on behalf of the Contractor. The office shall be established within close proximity to the Contractor's Beat(s) and the County of Riverside. Also note in the Scope of Services, Section 4.4, a backup vehicle and a certified FSP vehicle operator must be available within a 45 minute request of the Beat area. This requirement may also determine if the local office is close enough to satisfy the requirements under this section. The Contractor shall also provide telephone, fax service, and email through which he/she, or a responsible representative who has the authority to conduct business and make decisions on behalf of the Contractor, can be contacted during the non-service hours of operation for the length of the contract. During non-business hours, an answering machine provided at the Contractor's expense, shall be available to log calls, take complaints, etc. An email address that is monitored daily shall be provided for notification purposes during operational and non-service hours. The Contractor will be responsible for having a company representative monitor and review messages/notices on a daily basis. 7.6 Remedies and Liquidated Damages RCTC has a need to deal contractually with a range of failures by Contractors to meet contractual standards and requirements short of suspension or termination. Failure to meet contractual standards and requirements constitute a default under the contract and is subject to the various remedies provided in the contract, up to and including termination of the contract. DRAFT202 APPENDIX A - 18 It is clear that any default that is related to service or contractor’s readiness for service will either degrade service or lead to the degradation of service. The failure to meet contractual standards and requirements, therefore, causes damages to the FSP program and its participants (RCTC, CHP and Caltrans) and to the public being served by the FSP program. Because of the public service nature of the mission of the FSP, described generally in the Standard Operating Procedures (SOP), to keep traffic and commerce flowing on the regional freeways, the damages arising from contractor’s failure to meet the contractual standards and requirements are impractical or extremely difficult to ascertain on an individual basis. The contract has therefore established a series of remedies to attempt to deal with a range of defaults. The most egregious default will result in suspension or termination. Lesser defaults will result in the assessment of liquidated damages. These lesser remedies have been described in the SOP as fines, violations or penalties. This is not a correct characterization of the intent of the remedies. The remedies arise because the contractor is in default and the FSP and the public it serves is damaged by that default. The remedies are to compensate FSP for its damages and to encourage compliance with performance requirements of the contract. DRAFT203 17336.0002A\9580036. 368 EXHIBIT “B” Compensation and Payment [INSERT FINAL PRICE PROPOSALS FROM CONTRACTOR’S PROPOSAL] And MOBILIZATION COST PAYMENT FORM, IF APPLICABLE DRAFT204 FIRM PROJECT TASKS/ROLE COST Pepe's Towing Service Inc.FSP Services for Beat No. 26 1,674,400.00$ 1,674,400.00$ TOTAL COSTS EXHIBIT "B" Prime Consultant: COMPENSATION SUMMARY DRAFT205 AGENDA ITEM 6F Agenda Item 6F RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: April 8, 2020 TO: Riverside County Transportation Commission FROM: Jillian Guizado, Planning and Programming Manager THROUGH: Anne Mayer, Executive Director SUBJECT: California Transportation Commission Staff Recommendations for 2020 State Transportation Improvement Program STAFF RECOMMENDATION: This item is for the Commission to receive and file the California Transportation Commission (CTC) staff recommendations for 2020 State Transportation Improvement Program (STIP). BACKGROUND INFORMATION: At the March 25-26, 2020 CTC meeting, the 2020 STIP will be adopted. The Commission approved recommendations for the STIP in October 2019 for submittal to the CTC, and the CTC draft recommendations for the 2020 STIP were released February 28, 2020. The CTC’s proposed recommendations for Riverside County’s STIP proposal differ just slightly from the Commission’s request, which staff anticipated due to CTC staff noting that new programming capacity is mostly available in the last two years of the STIP cycle (Fiscal Years 2023/24 and 2024/25). The CTC is required to adopt a financially constrained STIP per year. Therefore, CTC staff strives to accommodate each county’s programming proposals. However, if every county frontloads its STIP, which occurs most STIP cycles, the CTC must adhere to the STIP guidelines to balance out the proposals in a fair and equitable manner. CTC staff is recommending programming $66.377 million for the SR-71/SR-91 Interchange in FY 2022/23 instead of in FY 2021/22, the year the Commission asked the funds to be programmed in (see Table 1). The reason the Commission was able to secure so much STIP funding in the third year of the STIP instead of in one of the last two as the STIP guidelines require is due to the Commission’s 2018 STIP. In 2018, the Commission approved placing $50 million of STIP funds in FY 2022/23 to begin work on the I-15 Express Lanes Project Southern Extension (I-15 ELPSE). FY 2022/23 was considerably later than desired, but due to the high funding request, there was no other option. In 2018, the Commission advanced the I-15 ELPSE with Congestion Mitigation Air Quality (CMAQ) funds and filed an AB 3090 with CTC to essentially hold the Commission’s place in line for $50 million in FY 2022/23. In the 2020 STIP, the Commission is programming that $50 million of capacity from the 2018 STIP and adding to it $16.377 million of 2020 STIP funds to fund the SR-71/SR-91 Interchange in FY 2022/23. Table 1 depicts the CTC’s staff recommendation versus what the Commission submitted. 206 Agenda Item 6F Table 1. 2020 Riverside County STIP CTC Staff Recommendation STIP $(000’s) Agency Project Description FY 20/21 FY 21/22 FY 22/23 FY 23/24 FY 24/25 Caltrans/ Temecula I-15/French Valley IC $47,600 RCTC SR-71/SR-91 IC $66,377 $66,377 Coachella I-10/Ave 50 IC $2,000 CVAG Coachella Valley Regional Signal Synchronization, Ph 2 $2,472 RCTC PPM $1,000 $900 $900 $396 Total $48,600 $69,749 $3,372 $900 $67,277 $2,396 Additionally, Riverside County was fortunate to receive new 2020 STIP funding in FY 2021/22 for the Coachella Valley Association of Governments’ Coachella Valley Regional Signal Synchronization, Phase 2 project (Signal Synch), which is the year the project is anticipated to go to construction. Staff is grateful to CTC staff for its willingness to program CVAG’s Signal Synch project in the year of construction. Finally, Planning, Programming, and Monitoring (PPM) funds, available for use on regional transportation planning, project planning, program development, and monitoring the implementation of STIP projects, are available and programmed in the first four years of the 2020 STIP. There is no fiscal impact to the Commission related to the STIP funding for the non-RCTC projects, as those STIP funds do not pass through the Commission. STIP funding for the RCTC projects will be included in future budgets upon the CTC’s 2020 STIP adoption. 207 AGENDA ITEM 6G Agenda Item 6G RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: April 8, 2020 TO: Riverside County Transportation Commission FROM: David Thomas, Toll Project Manager THROUGH: Anne Mayer, Executive Director SUBJECT: Approve Agreement for Construction Management Services, Materials Testing, and Construction Surveying for the State Route 91 Corridor Operations Project in Orange and Riverside Counties STAFF RECOMMENDATION: This item is for the Commission to: 1) Award Agreement No. 20-31-033-00 to Falcon Engineering Services, Inc. to perform construction management services, materials testing, and construction surveying for the State Route 91 Corridor Operations Project (91 COP) in Orange and Riverside Counties in the amount of $4,456,957, plus a contingency amount of $445,695 for a total amount not to exceed $4,902,652; 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to finalize and execute the agreement on behalf of the Commission; 3) Authorize the Executive Director, or designee, to approve the use of the contingency amount as may be required for the 91 COP; and 4) Authorize the expenditure of 91 Express Lanes toll revenue designated as surplus in accordance with the 2013 Toll Revenue Bonds Indenture to fund the 91 COP construction management services, materials testing, and construction surveying expenditures approved as part of this item in the amount of $4,902,652. BACKGROUND INFORMATION: At its May 2018 meeting, the Commission authorized all project development activities needed to complete environmental approvals and final design for the 91 COP and to return in fall 2018 with a recommendation regarding the construction. In December 2018, the Commission authorized implementation of the construction phase of the 91 COP after completing environmental and design approvals. The subject of this staff report is the award of the construction management services agreement in anticipation of a construction contract award in the summer of 2020. The 91 COP will add a 2-mile long general purpose lane in the westbound direction on SR-91 from Green River Road westbound on-ramp to SR-241. A detailed vicinity map of the 91 COP is provided as Attachment 1. The 91 COP involves: 208 Agenda Item 6G 1) Adding approximately 9 to 10 feet of outside pavement widening to SR-91 at some locations and restriping in others; 2) Widening the County Line Creek Undercrossing; 3) Constructing new retaining walls approximately 3,200 feet in length and approximately 6 to 28 feet in height on the north side of SR-91; 4) Reconstructing a portion of Green River Road; 5) Replacing overhead signs; and 6) Adding high mast lighting on the north side of the outside barrier. DISCUSSION: Procurement Process Pursuant to Government Code 4525 et seq, selection of architect, engineer, and related services shall be on the basis of demonstrated competence and on professional qualifications necessary for the satisfactory performance of the services required. Therefore, staff used the qualification method of selection for the procurement of construction management services, materials testing, and construction surveying for the 91 COP. Evaluation criteria included elements such as qualifications of firm, staffing and project organization, project understanding and approach, and the ability to respond to the requirements set forth under the terms of a request for qualifications (RFQ). RFQ No. 20-31-033-00 for construction management services, materials testing, and construction surveying for the 91 COP was released by staff on December 12, 2019. A public notice was advertised in the Press Enterprise, and the RFQ was posted on the Commission’s Planet Bids website, which is accessible through the Commission’s website. Through Planet Bids, 70 firms downloaded the RFQ; 15 of these firms are located in Riverside County. A pre-submittal meeting was held on December 19 and attended by 16 firms. Staff responded to all questions submitted by potential proposers prior to the January 9 clarification deadline date. Four firms – Anser Advisory, LLC (San Diego); Falcon Engineering Services, Inc. (Corona); Hill International, Inc. (Ontario); and S2 Engineering, Inc. (Rancho Cucamonga) – submitted responsive and responsible statements of qualifications prior to the 2:00 p.m. submittal deadline on January 23. Based on the evaluation criteria set forth in the RFQ, the firms were evaluated and scored by an evaluation committee comprised of Commission, Bechtel, and Caltrans staff. Based on the evaluation committee’s assessment of the written proposals and pursuant to the terms of the RFQ, the evaluation committee shortlisted and invited three firms (Anser Advisory, LLC; Falcon Engineering Services, Inc.; and Hill International, Inc.) to the interview phase of the evaluation and selection process. Interviews were conducted on February 27. Following the interviews, the evaluation committee conducted a subsequent evaluation of each firm, based on both written and interview components presented to the evaluation committee 209 Agenda Item 6G by each proposer. Accordingly, the evaluation committee recommends contract award to Falcon Engineering Services, Inc. to provide construction management services, materials testing, and construction surveying for the 91 COP, as it earned the highest total evaluation score. Subsequently, staff negotiated the scope of work (including the appropriate level of effort, labor categories/mix, etc.), cost, and schedule proposal received from Falcon Engineering Services, Inc. for the 91 COP services and established a fair and reasonable price. Staff recommends award of Agreement No. 20-31-033-00 with Falcon Engineering Services, Inc. to perform construction management services, materials testing, and construction surveying for the 91 COP, based on the final negotiated project scope and cost of $4,456,957, plus a contingency amount of $445,695, for a total amount not to exceed $4,902,652. Staff also recommends authorizing the Executive Director or designee to approve the use of the contingency amount as may be required for the 91 COP. Surplus Toll Revenue Surplus toll revenue is the RCTC 91 Express Lanes toll revenue remaining after all other financial obligations have been met. These financial obligations include annual operation and maintenance, debt service, reserve funds, and other obligations. The Commission’s authorizing legislation, SB 1316, requires that all surplus revenue be spent for transportation purposes within the SR-91 corridor. Staff projects that sufficient surplus funds are available to fund the construction management services, materials testing, and construction surveying for the 91 COP. Therefore, staff recommends the use of RCTC 91 Express Lanes surplus toll revenue to fund the services that are the subject of this staff report in the amount of $4,902,652. Financial Information In Fiscal Year Budget: Yes N/A Year: FY 2019/20 FY 2020/21+ Amount: $ 300,000 $4,602,652 Source of Funds: 91 Express Lanes Surplus Toll Revenue Budget Adjustment: No N/A GLA No.: 623046 81302 00000 0000 262 31 81301 Fiscal Procedures Approved: Date: 03/12/2020 Attachments: 1) 91 Corridor Operations Project Vicinity Map 2) Draft Agreement No. 20-31-033-00 with Falcon Engineering Services, Inc. 210 91 91 Project Vicinity C O U N T Y RIVE RSIDE C O U N T Y RIVE RSIDE EA: 08-0F544 CORRIDOR OPERATIONS PROJECT SR-91 08-RIV SR-91 PM 0.00 12-ORA SR-91 PM 18.88 241 71 SR-91 PM 17.36 BEGIN CONSTRUCTION SR-91 PM 0.54 END CONSTRUCTION BRIDGE WIDENING COUNTY LINE CREEK C O U N T Y O R A N G E C O U N T Y O R A N G E CANYON COAL CANYONCOAL S AN T A ANA R IV E R S AN T A ANA R IV E R GOLF CLUB GREEN RIVER GOLF CLUB GREEN RIVER LIART REVIR ANA ATNAS LIART REVIR ANA ATNAS GYPSUM CANYON RdGYPSUM CANYON RdGREEN RIVER Rd GREEN RIVER Rd DAM PRADO DAM PRADO WIDENING SR-91 WIDENING SR-91 ATTACHMENT 1 211 AGREEMENT NO. 20-31-033-00 MODEL PROFESSIONAL SERVICES AGREEMENT RIVERSIDE COUNTY TRANSPORTATION COMMISSION AGREEMENT WITH FALCON ENGINEERING SERVICES, INC. FOR CONSTRUCTION MANAGEMENT, MATERIALS TESTING AND CONSTRUCTION SURVEYING SERVICES FOR THE STATE ROUTE 91 CORRIDOR OPERATIONS PROJECT IN ORANGE AND RIVERSIDE COUNTIES FROM 1.5 MILES WEST OF THE ORANGE COUNTY LINE TO 0.6 MILES EAST OF THE ORANGE COUNTY LINE 1. PARTIES AND DATE. This Agreement is made and entered into this ___ day of _______, 2020, by and between the RIVERSIDE COUNTY TRANSPORTATION COMMISSION ("the Commission") and Falcon Engineering Services, Inc. ("Consultant"), a Corporation. 2. RECITALS. 2.1 On November 8, 1988 the Voters of Riverside County approved Measure A authorizing the collection of a one-half percent (1/2 %) retail transactions and use tax (the "tax") to fund transportation programs and improvements within the County of Riverside, and adopting the Riverside County Transportation Improvement Plan (the "Plan"). 2.2 Pursuant to Public Utility Code Sections 240000 et seq., the Commission is authorized to allocate the proceeds of the Tax in furtherance of the Plan. 2.3 On November 5, 2002, the voters of Riverside County approved an extension of the Measure A tax for an additional thirty (30) years for the continued funding of transportation and improvements within the County of Riverside. 2.4 Consultant desires to perform and assume responsibility for the provision of certain professional services required by the Commission on the terms and conditions set forth in this Agreement. Consultant represents that it is experienced in providing construction management, engineering surveying and testing services to public clients, is licensed in the State of California (as necessary), and is familiar with the plans of the Commission. DRAFTATTACHMENT 2 212 2.5 The Commission desires to engage Consultant to render such services for the State Route 91 Corridor Operations Project ("Project"), as set forth in this Agreement. 3. TERMS. 3.1 General Scope of Services. Consultant shall furnish all technical and professional services, including labor, material, equipment, transportation, supervision and expertise, and incidental and customary work necessary to fully and adequately supply the professional construction management, engineering surveying and testing services necessary for the Project ("Services"). The Services are more particularly described in Exhibit "A" attached hereto and incorporated herein by reference. All Services shall be subject to, and performed in accordance with, this Agreement, the exhibits attached hereto and incorporated herein by reference, and all applicable local, state and federal laws, rules and regulations. 3.2 Commencement of Services. The Consultant shall commence work upon receipt of a written "Notice to Proceed" or "Limited Notice to Proceed" from Commission. 3.3 Term. The term of this Agreement shall be from the date of execution of this Agreement or the date of issuance of the Notice to Proceed by the Commission, whichever occurs first, to the issuance by the Commission to Consultant of a Notice of Final Acceptance, as defined in paragraph 3.12 below, or June 30, 2022, unless earlier terminated as provided herein. Consultant shall complete the Services within the term of this Agreement, and shall meet any other established schedules and deadlines. All applicable indemnification provisions of this Agreement shall remain in effect following the termination of this Agreement. 3.4 Commission's Representative. The Commission hereby designates the Commission's Executive Director, or his or her designee, to act as its Representative for the performance of this Agreement ("Commission’s Representative"). Commission’s Representative shall have the authority to act on behalf of the Commission for all purposes under this Agreement. Commission's Representative shall also review and give approval, as needed, to the details of Consultant's work as it progresses. Consultant shall not accept direction or orders from any person other than the Commission’s Representative or his or her designee. 3.5 Consultant's Representative. Consultant hereby designates Wael Faqih to act as its Representative for the performance of this Agreement ("Consultant’s Representative"). Consultant's Representative shall have full authority to act on behalf of Consultant for all purposes under this Agreement. The Consultant’s Representative shall supervise and direct the Services, using his professional skill and attention, and shall be responsible for all means, methods, techniques, sequences and procedures and for the satisfactory coordination of all portions of the Services under this Agreement. Consultant shall work closely and cooperate fully with Commission's DRAFT213 Representative and any other agencies which may have jurisdiction over, or an interest in, the Services. Consultant's Representative shall be available to the Commission staff at all reasonable times. Any substitution in Consultant's Representative shall be approved in writing by Commission's Representative. 3.6 Substitution of Key Personnel. Consultant has represented to the Commission that certain key personnel will perform and coordinate the Services under this Agreement. Should one or more of such personnel become unavailable, Consultant may substitute other personnel of at least equal competence upon written approval by the Commission. In the event that the Commission and Consultant cannot agree as to the substitution of the key personnel, the Commission shall be entitled to terminate this Agreement for cause, pursuant to the provisions of Section 3.14. The key personnel for performance of this Agreement are identified in the attached organization chart. 3.7 Preliminary Review of Work. All reports, working papers, and similar work products prepared for submission in the course of providing Services under this Agreement shall be submitted to the Commission's Representative in draft form, and the Commission may require revisions of such drafts prior to formal submission and approval. In the event plans and designs are to be developed as part of the Project, final detailed plans and designs shall be contingent upon obtaining environmental clearance as may be required in connection with the Project. In the event that Commission's Representative, in his sole discretion, determines the formally submitted work product to be not in accordance with the standard of care established under this agreement, Commission's Representative may require Consultant to revise and resubmit the work at no cost to the Commission. 3.8 Appearance at Hearings. If and when required by the Commission, Consultant shall render assistance at public hearings or other meetings related to the Project or necessary to the performance of the Services. However, Consultant shall not be required to, and will not, render any decision, interpretation or recommendation regarding questions of a legal nature or which may be construed as constituting a legal opinion. 3.9 Standard of Care; Licenses. Consultant represents and maintains that it is skilled in the professional calling necessary to perform all Services, duties and obligations required by this Agreement to fully and adequately complete the Project. Consultant shall perform the Services and duties in conformance to and consistent with the standards generally recognized as being employed by professionals in the same discipline in the State of California. Consultant warrants that all employees and subcontractors shall have sufficient skill and experience to perform the Services assigned to them. Consultant further represents and warrants to the Commission that its employees and subcontractors have all licenses, permits, qualifications and approvals of whatever nature that are legally required to perform the Services, and that such licenses and approvals shall be maintained throughout the term of this Agreement. Consultant shall perform, at its own cost and expense and without reimbursement from DRAFT214 the Commission, any services necessary to correct errors or omissions which are caused by the Consultant’s failure to comply with the standard of care provided for herein, and shall be fully responsible to the Commission for all damages and other liabilities provided for in the indemnification provisions of this Agreement arising from the Consultant’s errors and omissions. Any employee of Consultant or its sub- consultants who is determined by the Commission to be uncooperative, incompetent, a threat to the adequate or timely completion of the Project, a threat to the safety of persons or property, or any employee who fails or refuses to perform the Services in a manner acceptable to the Commission, shall be promptly removed from the Project by the Consultant and shall not be re-employed to perform any of the Services or to work on the Project. 3.10 Opportunity to Cure. Commission may provide Consultant an opportunity to cure, at Consultant's expense, all errors and omissions which may be disclosed during Project implementation. Should Consultant fail to make such correction in a timely manner, such correction may be made by the Commission, and the cost thereof charged to Consultant. 3.11 Inspection of Work. Consultant shall allow the Commission's Representative to inspect or review Consultant's work in progress at any reasonable time. 3.12 Final Acceptance. Upon determination by the Commission that Consultant has satisfactorily completed the Services required under this Agreement and within the term set forth in Section 3.3, the Commission shall give Consultant a written Notice of Final Acceptance. Upon receipt of such notice, Consultant shall incur no further costs hereunder, unless otherwise specified in the Notice of Final Acceptance. Consultant may request issuance of a Notice of Final Acceptance when, in its opinion, it has satisfactorily completed all Services required under the terms of this Agreement. In the event copyrights are permitted under this Agreement, then in connection with Federal funding, it is hereby acknowledged and agreed that the United States Department of Transportation shall have the royalty-free non-exclusive and irrevocable right to reproduce, publish, or otherwise use, and to authorize others to use, the work for governmental purposes. 3.13 Laws and Regulations. Consultant shall keep itself fully informed of and in compliance with all local, state and federal laws, rules and regulations in any manner affecting the performance of the Project or the Services, including all Cal/OSHA requirements, and shall give all notices required by law. For example, and not by way of limitation, Consultant shall keep itself fully informed of and in compliance with all implementing regulations, design standards, specifications, previous commitments that must be incorporated in the design of the Project, and administrative controls including those of the United States Department of Transportation. Compliance with Federal procedures may include completion of the applicable environmental documents and approved by a governmental body. If the Consultant performs any work knowing it to be contrary to the requirements of laws, rules and regulations and without giving written DRAFT215 notice to the Commission, Consultant shall be solely responsible for all costs arising therefrom. Consultant shall defend, indemnify and hold Commission, its officials, directors, officers, employees and agents free and harmless, pursuant to the indemnification provisions of this Agreement, from any claim or liability arising out of any failure or alleged failure to comply with such laws, rules or regulations. 3.14 Termination. 3.14.1 Notice; Reason. Commission may, by written notice to Consultant, terminate this Agreement, in whole or in part, at any time by giving written notice to Consultant of such termination, and specifying the effective date thereof (“Notice of Termination”). Such termination may be for Commission's convenience or because of Consultant's failure to perform its duties and obligations under this Agreement, including, but not limited to, the failure of Consultant to timely perform Services pursuant to the Schedule of Services described in Section 3.15 of this Agreement. Consultant may not terminate this Agreement except for cause. 3.14.2 Discontinuance of Services. Upon receipt of the written Notice of Termination, Consultant shall discontinue all affected Services as directed in the Notice or as otherwise provided herein, and deliver to the Commission all Documents and Data, as defined in this Agreement, as may have been prepared or accumulated by Consultant in performance of the Services, whether completed or in progress. 3.14.3 Effect of Termination For Convenience. If the termination is to be for the convenience of the Commission, the Commission shall compensate Consultant for Services fully and adequately provided through the effective date of termination. Such payment shall include a prorated amount of profit, if applicable, but no amount shall be paid for anticipated profit on unperformed Services. Consultant shall provide documentation deemed adequate by Commission's Representative to show the Services actually completed by Consultant prior to the effective date of termination. This Agreement shall terminate on the effective date of the Notice of Termination. 3.14.4 Effect of Termination for Cause. If the termination is for cause, Consultant shall be compensated for those Services which have been fully and adequately completed and accepted by the Commission as of the date the Commission provides the Notice of Termination. In such case, the Commission may take over the work and prosecute the same to completion by agreement or otherwise. Further, Consultant shall be liable to the Commission for any reasonable additional costs incurred by the Commission to revise work for which the Commission has compensated Consultant under this Agreement, but which the Commission has determined in its sole discretion needs to be revised, in part or whole, to complete the Project because it did not meet the standard of care established in Section 3.9. Termination of this Agreement for cause may be considered by the Commission in determining whether to enter into future agreements with Consultant. DRAFT216 3.14.5 Cumulative Remedies. The rights and remedies of the Parties provided in this Section are in addition to any other rights and remedies provided by law or under this Agreement. 3.14.6 Procurement of Similar Services. In the event this Agreement is terminated, in whole or in part, as provided by this Section, the Commission may procure, upon such terms and in such manner as it deems appropriate, services similar to those terminated. 3.14.7 Waivers. Consultant, in executing this Agreement, shall be deemed to have waived any and all claims for damages which may otherwise arise from the Commission's termination of this Agreement, for convenience or cause, as provided in this Section. 3.15 Schedule and Progress of Services. 3.15.1 Schedule of Services. Consultant shall perform the Services expeditiously, within the term of this Agreement, and in accordance with the Schedule of Services set forth in Exhibit "B" attached hereto and incorporated herein by reference. Consultant represents that it has the professional and technical personnel to perform the Services in conformance with such conditions. In order to facilitate Consultant's conformance with the Schedule, the Commission shall respond to Consultant's submittals in a timely manner. Upon request of Commission's Representative, Consultant shall provide a more detailed schedule of anticipated performance to meet the Schedule of Services. 3.15.2 Modification of the Schedule. Consultant shall regularly report to the Commission, through correspondence or progress reports, its progress in providing required Services within the scheduled time periods. Commission shall be promptly informed of all anticipated delays. In the event that Consultant determines that a schedule modification is necessary, Consultant shall promptly submit a revised Schedule of Services for approval by Commission's Representative. 3.15.3 Trend Meetings. Consultant shall conduct trend meetings with the Commission’s Representative and other interested parties, as requested by the Commission, on a bi-weekly basis or as may be mutually scheduled by the Parties at a standard day and time. These trend meetings will encompass focused and informal discussions concerning scope, schedule, and current progress of Services, relevant cost issues, and future Project objectives. Consultant shall be responsible for the preparation and distribution of meeting agendas to be received by the Commission and other attendees no later than three (3) working days prior to the meeting. 3.15.4 Progress Reports. As part of its monthly invoice, Consultant shall submit a progress report, in a form determined by the Commission, which will indicate the progress achieved during the previous month in relation to the Schedule of Services. Submission of such progress report by Consultant shall be a condition DRAFT217 precedent to receipt of payment from the Commission for each monthly invoice submitted. 3.16 Delay in Performance. 3.16.1 Excusable Delays. Should Consultant be delayed or prevented from the timely performance of any act or Services required by the terms of the Agreement by reason of acts of God or of the public enemy, acts or omissions of the Commission or other governmental agencies in either their sovereign or contractual capacities, fires, floods, epidemics, quarantine restrictions, strikes, freight embargoes or unusually severe weather, performance of such act shall be excused for the period of such delay. 3.16.2 Written Notice. If Consultant believes it is entitled to an extension of time due to conditions set forth in subsection 3.16.1, Consultant shall provide written notice to the Commission within seven (7) working days from the time Consultant knows, or reasonably should have known, that performance of the Services will be delayed due to such conditions. Failure of Consultant to provide such timely notice shall constitute a waiver by Consultant of any right to an excusable delay in time of performance. 3.16.3 Mutual Agreement. Performance of any Services under this Agreement may be delayed upon mutual agreement of the Parties. Upon such agreement, Consultant's Schedule of Services shall be extended as necessary by the Commission. Consultant shall take all reasonable steps to minimize delay in completion, and additional costs, resulting from any such extension. 3.17 Status of Consultant/Subconsultants. 3.17.1 Independent Contractor. The Services shall be performed by Consultant or under its supervision. Consultant will determine the means, methods and details of performing the Services subject to the requirements of this Agreement. Commission retains Consultant on an independent contractor basis and not as an employee, agent or representative of the Commission. Consultant retains the right to perform similar or different services for others during the term of this Agreement. Any additional personnel performing the Services under this Agreement on behalf of Consultant shall at all times be under Consultant's exclusive direction and control. Consultant shall pay all wages, salaries and other amounts due such personnel in connection with their performance of Services and as required by law. Consultant shall be responsible for all reports and obligations respecting such personnel, including but not limited to, social security taxes, income tax withholdings, unemployment insurance, disability insurance, and workers' compensation insurance. 3.17.2 Prevailing Wages. By its execution of this Agreement, Consultant certifies that it is aware of the requirements of California Labor Code DRAFT218 Sections 1720 et seq. and 1770 et seq., as well as California Code of Regulations, Title 8, Section 16000 et seq. (“Prevailing Wage Laws”), which require the payment of prevailing wage rates and the performance of other requirements on certain “public works” and “maintenance” projects. If the Services are being performed as part of an applicable “public works” or “maintenance” project, as defined by the Prevailing Wage Laws, and if the total compensation is $1,000 or more, Consultant agrees to fully comply with such Prevailing Wage Laws. Copies of the prevailing rate of per diem wages are on file at the Commission’s offices. Consultant shall make copies of the prevailing rates of per diem wages for each craft; classification or type of worker needed to execute the Services available to interested parties upon request, and shall post copies at the Consultant’s principal place of business and at the project site. Consultant shall defend, indemnify and hold the Commission, its elected officials, officers, employees and agents free and harmless from any claims, liabilities, costs, penalties or interest arising out of any failure or alleged failure to comply with the Prevailing Wage Laws. Certified Payrolls are to be submitted whenever required by Prevailing Wage laws. 3.17.3 Assignment or Transfer. Consultant shall not assign, hypothecate, or transfer, either directly or by operation of law, this Agreement or any interest herein, without the prior written consent of the Commission. Any attempt to do so shall be null and void, and any assignees, hypothecates or transferees shall acquire no right or interest by reason of such attempted assignment, hypothecation or transfer. 3.17.4 Subcontracting. Consultant shall not subcontract any portion of the work or Services required by this Agreement, except as expressly stated herein, without prior written approval of the Commission. If Consultant wishes to use a firm as a subcontractor which is not specified in the proposal upon which this Agreement was awarded, prior written approval must be obtained from the Commission. The Subcontracts, if any, shall contain a provision making them subject to all provisions stipulated in this Agreement. Consultant has, as part of its proposal, identified certain companies/firms that will be subconsultants utilized by Consultant (“Subconsultants”) for Project delivery. A list of said Subconsultants is attached hereto as Exhibit “C” and made a part hereof. The Commission hereby approves the use by Consultant of the Subconsultants identified in Exhibit “C”. In the event and prior to the replacement of any Subconsultant approved herein, the Consultant shall seek and obtain the Commission's written approval. Exhibit “C” also sets forth the rates at which each Subconsultant shall bill the Consultant for Services and that are subject to reimbursement by the Commission to Consultant. The cost of Addition Direct Costs, as defined in exhibit “C,” shall be the same for both the Consultant and all subconsultants, unless otherwise identified in Exhibit “C”. Consultant acknowledges that approval of Consultant's utilization of the identified Subconsultants together with the incorporation of Subconsultants' rate schedules and cost proposals into this Agreement shall in no way be construed to DRAFT219 create any contractual relationship between any Subconsultant and the Commission. The Subconsultant rate schedules and cost proposals contained herein are for accounting purposes only. In the event that any Subconsultant shall bring any action, claim or proceeding purporting to enforce any right purportedly arising under this Agreement, the Consultant shall be responsible for the Commission's reasonable legal fees without regard to the merits of any such claim. 3.18 Ownership of Materials/Confidentiality. 3.18.1 Documents & Data. This Agreement creates an exclusive and perpetual license for Commission to copy, use, modify, reuse, or sub-license any and all copyrights and designs embodied in plans, specifications, studies, drawings, estimates, materials, data and other documents or works of authorship fixed in any tangible medium of expression, including but not limited to, physical drawings or data magnetically or otherwise recorded on computer diskettes, which are prepared or caused to be prepared by Consultant under this Agreement (“Documents & Data”). Consultant shall require all subcontractors to agree in writing that Commission is granted an exclusive and perpetual license for any Documents & Data the subcontractor prepares under this Agreement. Consultant represents and warrants that Consultant has the legal right to grant the exclusive and perpetual license for all such Documents & Data. Consultant makes no such representation and warranty in regard to Documents & Data which were prepared by design professionals other than Consultant or provided to Consultant by the Commission. Commission shall not be limited in any way in its use of the Documents & Data at any time, provided that any such use not within the purposes intended by this Agreement shall be at Commission’s sole risk. 3.18.2 Intellectual Property. In addition, Commission shall have and retain all right, title and interest (including copyright, patent, trade secret and other proprietary rights) in all plans, specifications, studies, drawings, estimates, materials, data, computer programs or software and source code, enhancements, documents, and any and all works of authorship fixed in any tangible medium or expression, including but not limited to, physical drawings or other data magnetically or otherwise recorded on computer media (“Intellectual Property”) prepared or developed by or on behalf of Consultant under this Agreement as well as any other such Intellectual Property prepared or developed by or on behalf of Consultant under this Agreement. The Commission shall have and retain all right, title and interest in Intellectual Property developed or modified under this Agreement whether or not paid for wholly or in part by Commission, whether or not developed in conjunction with Consultant, and whether or not developed by Consultant. Consultant will execute DRAFT220 separate written assignments of any and all rights to the above referenced Intellectual Property upon request of Commission. Consultant shall also be responsible to obtain in writing separate written assignments from any subcontractors or agents of Consultant of any and all right to the above referenced Intellectual Property. Should Consultant, either during or following termination of this Agreement, desire to use any of the above-referenced Intellectual Property, it shall first obtain the written approval of the Commission. All materials and documents which were developed or prepared by the Consultant for general use prior to the execution of this Agreement and which are not the copyright of any other party or publicly available and any other computer applications, shall continue to be the property of the Consultant. However, unless otherwise identified and stated prior to execution of this Agreement, Consultant represents and warrants that it has the right to grant the exclusive and perpetual license for all such Intellectual Property as provided herein. Commission further is granted by Consultant a non-exclusive and perpetual license to copy, use, modify or sub-license any and all Intellectual Property otherwise owned by Consultant which is the basis or foundation for any derivative, collective, insurrectional, or supplemental work created under this Agreement. 3.18.3 Confidentiality. All ideas, memoranda, specifications, plans, procedures, drawings, descriptions, computer program data, input record data, written information, and other Documents and Data either created by or provided to Consultant in connection with the performance of this Agreement shall be held confidential by Consultant. Such materials shall not, without the prior written consent of Commission, be used by Consultant for any purposes other than the performance of the Services. Nor shall such materials be disclosed to any person or entity not connected with the performance of the Services or the Project. Nothing furnished to Consultant which is otherwise known to Consultant or is generally known, or has become known, to the related industry shall be deemed confidential. Consultant shall not use Commission's name or insignia, photographs of the Project, or any publicity pertaining to the Services or the Project in any magazine, trade paper, newspaper, television or radio production or other similar medium without the prior written consent of Commission. 3.19.1 Indemnification. To the fullest extent permitted by law, Consultant shall defend, indemnify and hold Commission, its directors, officials, officers, employees, consultants, volunteers, and agents free and harmless from any and all claims, demands, causes of action, costs, expenses, liability, loss, damage or injury, in law or equity, to property or persons, including wrongful death, in any manner arising out of or incident to alleged negligent acts, omissions, or willful misconduct of Consultant, its officials, officers, employees, agents, consultants, and contractors arising out of or in connection with the performance of the Services, the Project or this DRAFT221 Agreement, including without limitation the payment of consequential damages, expert witness fees, and attorneys fees and other related costs and expenses. Consultant shall defend, at Consultant's own cost, expense and risk, any and all such aforesaid suits, actions or other legal proceedings of every kind that may be brought or instituted against Commission, its directors, officials, officers, employees, consultants, agents, or volunteers. Consultant shall pay and satisfy any judgment, award or decree that may be rendered against Commission or its directors, officials, officers, employees, consultants, agents, or volunteers, in any such suit, action or other legal proceeding. Consultant shall reimburse Commission and its directors, officials, officers, employees, consultants, agents, and/or volunteers, for any and all legal expenses and costs, including reasonable attorney’s fees, incurred by each of them in connection therewith or in enforcing the indemnity herein provided. Consultant's obligation to indemnify shall not be restricted to insurance proceeds, if any, received by Commission, its directors, officials officers, employees, consultants, agents, or volunteers. Notwithstanding the foregoing, to the extent Consultant’s Services are subject to Civil Code Section 2782.8, the above indemnity shall be limited, to the extent required by Civil Code Section 2782.8, to claims that arise out of, pertain to, or relate to the negligence, recklessness, or willful misconduct of the Consultant. 3.19.2 Indemnification. To the fullest extent permitted by law, Consultant shall defend, indemnify and hold City, its council, officials, officers, employees, consultants, volunteers, and agents free and harmless from any and all claims, demands, causes of action, costs, expenses, liability, loss, damage or injury, in law or equity, to property or persons, including wrongful death, in any manner arising out of or incident to alleged negligent acts, omissions, or willful misconduct of Consultant, its officials, officers, employees, agents, consultants, and contractors arising out of or in connection with the performance of the Services, the Project or this Agreement, including without limitation the payment of consequential damages, expert witness fees, and attorneys fees and other related costs and expenses. Consultant shall defend, at Consultant's own cost, expense and risk, any and all such aforesaid suits, actions or other legal proceedings of every kind that may be brought or instituted against City, its directors, officials, officers, employees, consultants, agents, or volunteers. Consultant shall pay and satisfy any judgment, award or decree that may be rendered against Commission or its directors, officials, officers, employees, consultants, agents, or volunteers, in any such suit, DRAFT222 action or other legal proceeding. Consultant shall reimburse City and its directors, officials, officers, employees, consultants, agents, and/or volunteers, for any and all legal expenses and costs, including reasonable attorney’s fees, incurred by each of them in connection therewith or in enforcing the indemnity herein provided. Consultant's obligation to indemnify shall not be restricted to insurance proceeds, if any, received by City, its council, officials officers, employees, consultants, agents, or volunteers. Notwithstanding the foregoing, to the extent Consultant’s Services are subject to Civil Code Section 2782.8, the above indemnity shall be limited, to the extent required by Civil Code Section 2782.8, to claims that arise out of, pertain to, or relate to the negligence, recklessness, or willful misconduct of the Consultant. 3.20 Insurance. 3.20.1 Time for Compliance. Consultant shall not commence work under this Agreement until it has provided evidence satisfactory to the Commission that it has secured all insurance required under this section. In addition, Consultant shall not allow any subcontractor to commence work on any subcontract until it has secured all insurance required under this section. 3.20.2 Minimum Requirements. Consultant shall, at its expense, procure and maintain for the duration of the Agreement insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the Agreement by the Consultant, its agents, representatives, employees or subcontractors. Consultant shall also require all of its subcontractors to procure and maintain the same types of insurance for the duration of the Agreement. Consultant’s insurance shall meet at least the following minimum levels of coverage: (A) Minimum Scope of Insurance. Coverage shall be at least as broad as the latest version of the following: (1) General Liability: Insurance Services Office Commercial General Liability coverage (occurrence form CG 0001); (2) Automobile Liability: Insurance Services Office Business Auto Coverage form number CA 0001, code 1 (any auto); and (3) if Consultant has employees, Workers’ Compensation and Employer’s Liability: Workers’ Compensation insurance as required and Employer’s Liability Insurance. (B) Minimum Limits of Insurance. Consultant shall maintain limits no less than: (1) General Liability: $2,000,000 per occurrence for bodily injury, personal and advertising injury and property damage. If General Liability Insurance or includes a general aggregate limit, either the general aggregate limit shall apply separately to this Agreement/location or the general aggregate limit shall be twice the required occurrence limit; (2) Automobile Liability: $1,000,000 per accident for bodily injury and property damage; and (3) Workers’ Compensation and Employer’s Liability: Statutory Workers’ Compensation limits as required by the applicable Labor Code and DRAFT223 Employer’s Liability limits of no less than $1,000,000 per accident for bodily injury or disease. 3.20.3 Professional Liability. Consultant shall procure and maintain, and require its sub-consultants to procure and maintain, for a period of five (5) years following completion of the Project, errors and omissions liability insurance appropriate to their profession. Such insurance shall be in an amount not less than $2,000,000 per claim. 3.20.4 Aircraft Liability Insurance. Consultant, prior to the direct or indirect use of any civil aircraft to provide Service under this Agreement, shall procure and maintain, or cause to be procured and maintained, aircraft liability insurance or equivalent form, with a single limit of not less than $5,000,000 per each occurrence. Such insurance shall include coverage for owned, hired and non-owned aircraft and passengers, and shall name, or be endorsed to name, the Commission, its directors, officials, officers, employees, consultants, and agents as additional insureds with respect to the Services or operations performed by or on behalf of the Consultant. 3.20.5 Insurance Endorsements. The insurance policies shall contain the following provisions, or Consultant shall provide endorsements on forms approved by the Commission to add the following provisions to the insurance policies: (A.1) General Liability. The general liability policy shall be endorsed to state that: (1) the Commission, its directors, officials, officers, employees and agents shall be covered as additional insureds with respect to the Services or operations performed by or on behalf of the Consultant, including materials, parts or equipment furnished in connection with such work; and (2) the insurance coverage shall be primary insurance as respects the Commission, its directors, officials, officers, employees and agents, or if excess, shall stand in an unbroken chain of coverage excess of the Consultant’s scheduled underlying coverage. Any insurance or self- insurance maintained by the Commission, its directors, officials, officers, employees and agents shall be excess of the Consultant’s insurance and shall not be called upon to contribute with it in any way. (A.2) General Liability. The general liability policy shall be endorsed to state that: (1) the City, its council, officials, officers, employees and agents shall be covered as additional insureds with respect to the Services or operations performed by or on behalf of the Consultant, including materials, parts or equipment furnished in connection with such work; and (2) the insurance coverage shall be primary insurance as respects the City, its council, officials, officers, employees and agents, or if excess, shall stand in an unbroken chain of coverage excess of the Consultant’s scheduled underlying coverage. Any insurance or self-insurance maintained by the City, its council, officials, officers, employees and agents shall be excess of the Consultant’s insurance and shall not be called upon to contribute with it in any way. DRAFT224 (B.1) Automobile Liability. The automobile liability policy shall be endorsed to state that: (1) the Commission, its directors, officials, officers, employees and agents shall be covered as additional insureds with respect to the ownership, operation, maintenance, use, loading or unloading of any auto owned, leased, hired or borrowed by the Consultant or for which the Consultant is responsible; and (2) the insurance coverage shall be primary insurance as respects the Commission, its directors, officials, officers, employees and agents, or if excess, shall stand in an unbroken chain of coverage excess of the Consultant’s scheduled underlying coverage. Any insurance or self-insurance maintained by the Commission, its directors, officials, officers, employees and agents shall be excess of the Consultant's insurance and shall not be called upon to contribute with it in any way. (B.2) Automobile Liability. The automobile liability policy shall be endorsed to state that: (1) the City, its council, officials, officers, employees and agents shall be covered as additional insureds with respect to the ownership, operation, maintenance, use, loading or unloading of any auto owned, leased, hired or borrowed by the Consultant or for which the Consultant is responsible; and (2) the insurance coverage shall be primary insurance as respects the Commission, its directors, officials, officers, employees and agents, or if excess, shall stand in an unbroken chain of coverage excess of the Consultant’s scheduled underlying coverage. Any insurance or self-insurance maintained by the City, council, officials, officers, employees and agents shall be excess of the Consultant's insurance and shall not be called upon to contribute with it in any way. (C) Workers’ Compensation and Employers Liability Coverage. The insurer shall agree to waive all rights of subrogation against the Commission, its directors, officials, officers, employees and agents for losses paid under the terms of the insurance policy which arise from work performed by the Consultant. (D) All Coverages. Each insurance policy required by this Agreement shall be endorsed to state that: (A) coverage shall not be suspended, voided or canceled except after thirty (30) days prior written notice by certified mail, return receipt requested, has been given to the Commission; and (B) any failure to comply with reporting or other provisions of the policies, including breaches of warranties, shall not affect coverage provided to the Commission, its directors, officials, officers, employees and agents. 3.20.6 Deductibles and Self-Insurance Retentions. Any deductibles or self-insured retentions must be declared to and approved by the Commission. If the Commission does not approve the deductibles or self-insured retentions as presented, Consultant shall guarantee that, at the option of the Commission, either: (1) the insurer shall reduce or eliminate such deductibles or self-insured retentions as respects the Commission, its directors, officials, officers, employees and agents; or (2) the DRAFT225 Consultant shall procure a bond guaranteeing payment of losses and related investigation costs, claims and administrative and defense expenses. 3.20.7 Acceptability of Insurers. Insurance is to be placed with insurers with a current A.M. Best’s rating no less than A: VIII, licensed to do business in California, and satisfactory to the Commission. 3.20.8 Verification of Coverage. Consultant shall furnish Commission with original certificates of insurance and endorsements effecting coverage required by this Agreement on forms satisfactory to the Commission. The certificates and endorsements for each insurance policy shall be signed by a person authorized by that insurer to bind coverage on its behalf. All certificates and endorsements must be received and approved by the Commission before work commences. The Commission reserves the right to require complete, certified copies of all required insurance policies, at any time. 3.20.9 Other Insurance. At its option, the Commission may require such additional coverage(s), limits and/or the reduction of deductibles or retentions it considers reasonable and prudent based upon risk factors that may directly or indirectly impact the Project. In retaining this option Commission does not warrant Consultant’s insurance program to be adequate. Consultant shall have the right to purchase insurance in addition to the insurance required in this Section. 3.21 Safety. Consultant shall execute and maintain its work so as to avoid injury or damage to any person or property. In carrying out its Services, the Consultant shall at all times be in compliance with all applicable local, state and federal laws, rules and regulations, and shall exercise all necessary precautions for the safety of employees appropriate to the nature of the work and the conditions under which the work is to be performed. Safety precautions as applicable shall include, but shall not be limited to: (A) adequate life protection and life saving equipment and procedures; (B) instructions in accident prevention for all employees and subcontractors, such as safe walkways, scaffolds, fall protection ladders, bridges, gang planks, confined space procedures, trenching and shoring, equipment and other safety devices, equipment and wearing apparel as are necessary or lawfully required to prevent accidents or injuries; and (C) adequate facilities for the proper inspection and maintenance of all safety measures. 3.22 Fees and Payment. 3.22.1 Compensation. Consultant shall receive compensation, including authorized reimbursements, for all Services rendered under this Agreement at the rates set forth in Exhibit "C" attached hereto and incorporated herein by reference. The total compensation shall be on the basis of direct costs plus a fixed fee as further set forth in Exhibit “C” and shall not exceed the maximum amount of Four Million Four Hundred Fifty-Six Thousand Nine Hundred Fifty-Seven Dollars ($4,456,957), without written approval of Commission's Executive Director. DRAFT226 3.22.2 Payment of Compensation. Consultant shall submit a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the Statement. Charges specific to each Milestone listed in the Schedule of Services shall be listed separately on an attachment to each statement. Each statement shall be accompanied by a monthly progress report and spreadsheets showing hours expended for each task for each month and the total Project to date. Each statement shall include a cover sheet bearing a certification as to the accuracy of the statement signed by the Consultant's Project Manager or other authorized officer. 3.22.3 Additional Work. Any work or activities that are in addition to, or otherwise outside of, the Services to be performed pursuant to this Agreement shall only be performed pursuant to a separate agreement between the parties. Notwithstanding the foregoing, the Commission’s Executive Director may make a change to the Agreement as permitted by law or authorized by the Commission. . (a) In addition to the changes authorized above, a modification which is signed by Consultant and the Commission’s Executive Director, other than a Cardinal Change, may be made in order to: (1) make a negotiated equitable adjustment to the Agreement price, delivery schedule and other terms resulting from the issuance of a Change Order, (2) reflect definitive letter contracts, and (3) reflect other agreements of the parties modifying the terms of this Agreement (“Bilateral Contract Modification”). (b) Consultant shall not perform, nor be compensated for any change, without written authorization from the Commission’s Executive Director as set forth herein. In the event such a change authorization is not issued and signed by the Commission’s Executive Director, Consultant shall not provide such change. 3.22.4 Reimbursement for Expenses. Consultant shall not be reimbursed for any expenses unless authorized in writing by the Commission's Representative. 3.23 Prohibited Interests. 3.23.1 Solicitation. Consultant maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for Consultant, to solicit or secure this Agreement. Further, Consultant warrants that it has not paid nor has it agreed to pay any company or person, other than a bona fide employee working solely for Consultant, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making of this Agreement. For breach or violation of this warranty, the Commission shall have the right to rescind this Agreement without liability. DRAFT227 3.23.2 Conflict of Interest. For the term of this Agreement, no member, officer or employee of the Commission, during the term of his or her service with the Commission, shall have any direct interest in this Agreement, or obtain any present or anticipated material benefit arising therefrom. 3.23.3 Conflict of Employment. Employment by the Consultant of personnel currently on the payroll of the Commission shall not be permitted in the performance of this Agreement, even though such employment may occur outside of the employee's regular working hours or on weekends, holidays or vacation time. Further, the employment by the Consultant of personnel who have been on the Commission payroll within one year prior to the date of execution of this Agreement, where this employment is caused by and/or dependent upon the Consultant securing this or related Agreements with the Commission, is prohibited. 3.23.4 Covenant Against Contingent Fees. The Consultant represents and warrants that he/she has not employed or retained any company or person, other than a bona fide employee working for the Consultant, to solicit or secure this Agreement, and that he/she has not paid or agreed to pay any company or person, other than a bona fide employee, any fee, commission, percentage, brokerage fee, gift, or any other consideration, contingent upon or resulting from the award or formation of this Agreement. For breach or violation of this warranty, the Commission shall have the right to terminate this Agreement without liability pursuant to Section 3.14, or at its discretion to deduct from the Agreement price or consideration, or otherwise recover, the full amount of such fee, commission, percentage, brokerage fee, gift, or contingent fee. 3.23.5 Covenant Against Expenditure of Local Agency, State or Federal Funds for Lobbying. Omitted Intentionally 3.24 Accounting Records. Consultant shall maintain complete and accurate records with respect to all costs and expenses incurred and fees charged under this Agreement. The Federal Acquisition Regulations in Title 48, CFR 31 shall be the governing factors regarding allowable elements of cost. All such records shall be clearly identifiable. Consultant shall allow a representative of the Commission or any duly authorized representative of the Commission during normal business hours to examine, audit, and make transcripts or copies of any and all ledgers and books of account, invoices, vouchers, canceled checks, and any other records or documents created pursuant to this Agreement. All such information shall be retained by Consultant for at least three (3) years following termination of this Agreement. 3.25 Equal Opportunity Employment. Consultant represents that it is an equal opportunity employer and it shall not discriminate against any subcontractor, employee or applicant for employment because of race, religion, color, national origin, ancestry, sex or age. Such non-discrimination shall include, but not be limited to, all DRAFT228 activities related to initial employment, upgrading, demotion, transfer, recruitment or recruitment advertising, layoff or termination. 3.26 Right to Employ Other Consultants. Commission reserves the right to employ other consultants in connection with the Project. As required, Consultant shall cooperate fully with any other consultant engaged by the Commission on the Project. 3.27 Governing Law. This Agreement shall be governed by and construed with the laws of the State of California. Venue shall be in Riverside County. 3.28 Attorneys' Fees. If either party commences an action against the other party, either legal, administrative or otherwise, arising out of or in connection with this Agreement, the prevailing party in such litigation shall be entitled to have and recover from the losing party reasonable attorneys' fees and, all other costs of such actions. 3.29 Time of Essence. Time is of the essence for each and every provision of this Agreement. 3.30 Headings. Article and Section Headings, paragraph captions or marginal headings contained in this Agreement are for convenience only and shall have no effect in the construction or interpretation of any provision herein. 3.31 Notices. All notices permitted or required under this Agreement shall be given to the respective parties at the following address, or at such other address as the respective parties may provide in writing for this purpose: CONSULTANT: COMMISSION: Falcon Engineering Services, Inc. Riverside County 341 Corporate Terrace Circle Transportation Commission Suite 101 4080 Lemon Street, 3rd Floor Corona, CA 92879 Riverside, CA 92501 Attn: Wael Faqih Attn: Executive Director Such notice shall be deemed made when personally delivered or when mailed, forty- eight (48) hours after deposit in the U.S. mail, first class postage prepaid, and addressed to the party at its applicable address. Actual notice shall be deemed adequate notice on the date actual notice occurred, regardless of the method of service. 3.32 Conflicting Provisions. In the event that provisions of any attached exhibits conflict in any way with the provisions set forth in this Agreement, the language, terms and conditions contained in this Agreement shall control the actions and obligations of the Parties and the interpretation of the Parties' understanding concerning the performance of the Services. DRAFT229 3.33 Amendment or Modification. No supplement, modification, or amendment of this Agreement shall be binding unless executed in writing and signed by both Parties. 3.34 Entire Agreement. This Agreement contains the entire agreement of the Parties relating to the subject matter hereof and supersedes all prior negotiations, agreements or understandings. 3.35 Invalidity; Severability. If any portion of this Agreement is declared invalid, illegal, or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect. 3.36 Provisions Applicable When Federal Department of Transportation Funds Are Involved. Omitted Intentionally 3.37 No Waiver. Failure of Commission to insist on any one occasion upon strict compliance with any of the terms, covenants or conditions hereof shall not be deemed a waiver of such term, covenant or condition, nor shall any waiver or relinquishment of any rights or powers hereunder at any one time or more times be deemed a waiver or relinquishment of such other right or power at any other time or times. [Signatures on following page] DRAFT230 SIGNATURE PAGE TO PROFESSIONAL SERVICES AGREEMENT IN WITNESS WHEREOF, this Agreement was executed on the date first written above. RIVERSIDE COUNTY CONSULTANT TRANSPORTATION COMMISSION By: _________________________ Printed _________________________ __________________________ Anne Mayer Signature Executive Director __________________________ Name __________________________ Title Approved as to Form: By: ____________________________ Best Best & Krieger LLP General Counsel DRAFT231 Exhibit B B-22 RVPUB\HSHANE\758782.1 MODEL AGREEMENT - EXHIBIT "A" SCOPE OF SERVICES [___INSERT___] DRAFT232 RCTC: State Route 91 Corridor Operations Project 1 | P a g e RFQ NO. 20-31-033-00 FALCON will provide following services during various stages of the project. 1.Preconstruction Services: a.Plan Review i.Review construction contract documents prior to construction. ii.Perform detailed constructability review and check for discrepancies, potential conflicts, consistency between plans, specifications and pay items. iii.Review Project reports, RE pending files to verify completeness and consistency. b.Schedule i.Review contractor’s proposed Project schedule to ensure safety, efficiency and expeditious completion of project. ii.Provide contractor’s baseline schedule recommendations to COMMISSION. c.Budget i.Review Project estimate and provide recommendations to COMMISSION for efficient control of project cost. d.Bid Process i.Assist COMMISSION to review bid question, draft responses, draft addenda to bid documents and review bid tabulation. e.Pre-Construction Meetings i.Assist COMMISSION in conducting pre-construction meetings with Contractor, designer, Caltrans, cities, utility companies and other parties as needed. f.Contract Award i.Assist COMMISSION with items related to contract award including review bid for completeness & responsiveness, perform bid analysis, develop contractor payment schedules, check contractor references and coordinate with contractor for award of construction contracts. g.Photo Records/Drone Aerials i.Take photo of the existing conditions prior to construction using drone aerial photography and file in the project records. 2.Construction Services: a.Construction Administration i.Administer project construction contract using Caltrans Construction Manual as a guideline. ii.Conduct regular project coordination meetings with Contractor, COMMISSION, local agencies, and design engineer, as needed. iii.Prepare Contractor progress payments and maintain payment records and supporting documentation shall be reviewed by COMMISSION for approval. iv.Establish and maintain a filing system for the Project using the Caltrans Construction Manual as a guideline. v.Monitor Contractors’ construction schedules on an ongoing basis and alert COMMISSION to conditions that may lead to delays in completion of the Project. vi.Prepare and submit a Monthly Project Report and provide update on the construction activity, accomplishments, and status of Requests for Information (RFIs), submittals, current issues, Contract Change Orders (CCOs) and current project budget and schedule. vii.Review and ensure compliance with environmental requirements.DRAFT233 RCTC: State Route 91 Corridor Operations Project 2 | P a g e RFQ NO. 20-31-033-00 viii. Ensure that the Project meets all provisions of the Caltrans Quality Assurance Program Manual. ix. Review Contractors’ certified payroll records and assist COMMISSION with labor compliance. x. Ensure that the Project meets all provisions of the Storm Water Pollution Prevention Plan (SWPPP). xi. Assure that the Project meets all applicable regulations of the Air Quality Management District (AQMD). b. Construction Administration i. Provide a qualified Resident Engineer and other qualified assistant Resident Engineers, as needed to effectively manage the Project. ii. Maintain regular contact with COMMISSION’s Construction Manager. iii. Review Project plans and special provisions for possible errors and deficiencies prior to construction of any specific element and report such findings to COMMISSION iv. Monitor, coordinate, and track construction progress to ensure the Project proceeds on schedule and according to the order of work required in the plans and special provisions. v. Coordinate review of shop drawings and Requests for Information (RFI) with the Construction Manager. vi. Provide a qualified SWPPP coordinator who shall review contractor-prepared Storm Water Pollution Prevention Plans (SWPPP) and coordinate approval with COMMISSION. FALCON team will cooperate with Caltrans and monitoring agency during inspections and field reviews. vii. Coordinate the implementation of any changes with the Construction Manager and the design engineer. viii. Review and approve Traffic Control Plans and forward to COMMISSION as necessary. ix. Coordinate all Project construction activities with other ongoing projects within and adjacent to the Project limits. c. Construction Inspection i. Coordinate all required inspections necessary for the Project. Ensure that appropriate City, and local agency are notified and present as required throughout the Project. ii. Maintain perform and document daily on-site inspections of the progress and quality of construction iii. FALCON team shall exercise reasonable care and diligence to discover and promptly replace, correct, and/or mitigate all defects or deficiencies in the materials or workmanship used in the Project. Any such deficiencies and their resolution shall be reported to COMMISSION iv. FALCON shall assign qualified personnel to: a. Inspect subgrade, aggregate base and paving, bridge widening, retaining wall construction, signing and striping, and related construction activities. b. Identify actual and potential problems associated with the Project and recommend sound engineering solutions. c. Maintain awareness of safety and health requirements. DRAFT234 RCTC: State Route 91 Corridor Operations Project 3 | P a g e RFQ NO. 20-31-033-00 d. Prepare complete and accurate daily reports, engineering calculations, project records, payment quantity documents, reports, and correspondence related to Project activities. e. Prepare construction sketches, drawings, and cross-sections, as necessary. f. Keep contemporaneous records of all additions or deviations from the approved plans for the preparation of as-built plans. g. Provide inspections for environmental compliance. h. Arrange for lane closures in accordance with Caltrans procedures and coordinate any work with the California Highway Patrol. i. Monitoring Contractors’ compliance with applicable regulations required by AQMD. d. Project Support i. Construction Surveys: FALCON shall perform construction surveying services, field calculations, and home office calculations to support the construction of the project. ii. Materials Testing and Geotechnical Services: FALCON will provide experienced personnel, equipment, and facilities to perform various construction materials sampling and testing. Laboratory and field materials testing will be used to ensure that roadway construction work conforms to the California State Department of Transportation (Caltrans) standards, specifications, and special provisions for material quality and workmanship. iii. Permits: shall review the project for permit compliance and coordinate with COMMISSION and the design engineer to ensure that necessary permits are obtained. e. Cost & Schedule i. FALCON shall monitor and track the contract pay item quantities and payments, contract change orders, supplemental work items, Agency and/or State furnished materials, anticipated extra work balance, contingency balance, Project budget. ii. Review and monitor Contractor’s schedule and inform COMMISSION of any significant changes or deviations in the schedule. iii. Provide and maintain a Project staffing plan of field office personnel. f. Contract Change Order and Claims i. Evaluate requests for changes and/or substitutions by the Contractor. Coordinate proposed changes with the COMMISSION’s Construction Manager, prepare and submit Contract Change Orders to the COMMISSION for approval. ii. Attempt to avoid all unnecessary Contract Change Orders. iii. Assist COMMISSION, as requested, in the identification, resolution, and final disposition of claims filed by the Contractor or third parties against COMMISSION or the Project. g. Safety i. Implement and conduct a comprehensive safety program including regular tail-gate safety meetings. ii. Comply with State of California Construction Safety Orders and provisions of the Caltrans Construction Manual. DRAFT235 RCTC: State Route 91 Corridor Operations Project 4 | P a g e RFQ NO. 20-31-033-00 iii. Provide all necessary safety equipment as required for team personnel. 3. Post Construction Services: a. Project Close Out i. Prepare a list of items to be completed and/or corrected by the Contractor for final completion of the Project. ii. Review and verify completeness of as-built drawings. iii. Conduct a final walk-through with COMMISSION, Caltrans, Contractors, and design engineers. iv. Prepare final construction reports including the Project Completion Report. v. Prepare and deliver to COMMISSION all project files in accordance with COMMISSION’S and Caltrans policies. vi. Assist COMMISSION and Contractor in obtaining final release of all project permits. DRAFT236 Exhibit B B-23 RVPUB\HSHANE\758782.1 MODEL AGREEMENT - EXHIBIT "B" SCHEDULE OF SERVICES [___INSERT___] DRAFT237 Activity IDActivity NameOriginalDurationPredecessorsStartFinish20200110 SR-91WB Widening (Green River to SR-241)20200110 SR-91 WB Widening (Green River to SR-241)34108-Apr-2028-Jul-2120200110.1 Pre-Bid Stage20200110.1 Pre-Bid Stage6008-Apr-2030-Jun-200100NTP CM Contract (RCTC Board & NTP) 4/8/2020008-Apr-20*0200Constructability Review & Final Design 4/1/20 - 5/31/202020010008-Apr-2005-May-200300Bid Advertise/ Open Bids and award 6/1/20 - 8/31/202040020006-May-2030-Jun-2020200110.2 Pre-Construction Stage20200110.2 Pre-Construction Stage1501-Oct-2021-Oct-200090CONTRACT AWARD AND START Construction Stage- NTP 10/1/20 -12/31/20210030001-Oct-20*0500SUBMIT BASE LINE SCHEDULE, & Preconstruction Meeting15009001-Oct-2021-Oct-200600SUBMIT TRAFFIC HANDLING PLAN5009001-Oct-2007-Oct-200700SUBMIT CONCRETE MIX DESIGN FOR BRIDGE& RW STRUCTURES5009001-Oct-2007-Oct-200800SUBMIT CIDH CONCRETE PLAN (SOFT DRY SANDY SOIL16"& 60" CIDH Piles), Concrete MIX DESIGN, & QA/QCMP15009001-Oct-2021-Oct-200900CONSTRUCT SAFETY PLAN (IILP)5009001-Oct-2007-Oct-201000SUBMIT WALL FACIA FORM LINER AND SAMPLE PANEL10009001-Oct-2014-Oct-201100SUBMIT ADL SOIL REMOVAL PLAN & BRIDGE ASBESTOS REMOVAL SAFETY PLAN5009001-Oct-2007-Oct-201200SUBMIT STREET LIGHT POLE FABRICATION SHOP DRAWINGS15009001-Oct-2021-Oct-201300SUBMIT SWPPP FOR REVIEW & APPROVAL10009001-Oct-2014-Oct-201400SUBMIT ENVIRONMENTAL AND REGULATORY PERMITS5009001-Oct-2007-Oct-201500ABANDON VARIOUS UTILITIES (DESIGNATED AS ABANDON) IN STAGE-1 (EAST SIDE)5009001-Oct-2007-Oct-201600Submit Shoring & Falsework Shop drawings10009001-Oct-2014-Oct-201700Submit Shop drawings for MSE Walls PC Panels and Design Plans15009001-Oct-2021-Oct-201800Submite Shop Drawings and Fabrication Plans for Signals, Light Poles, and Traffic Handling Plan15009001-Oct-2021-Oct-201900Submit Shop Drawings & Fabrication Plans for OH sign Structures15009001-Oct-2021-Oct-2020200110.3 Construction Stage 120200110.3 Construction Stage 115522-Oct-2026-May-21Q1Q2Q3Q4Q1Q2Q3Q42020202128-Jul-21, 20200110 SR-91 WB Widening (Green River to SR-241)30-Jun-20, 20200110.1 Pre-Bid StageNTP CM Contract (RCTC Board & NTP) 4/8/2020, 08-Apr-20*Constructability Review & Final Design 4/1/20 - 5/31/2020Bid Advertise/ Open Bids and award 6/1/20 - 8/31/202021-Oct-20, 20200110.2 Pre-Construction StageCONTRACT AWARD AND START Construction Stage- NTP 10/1/20 -12/31/2021, 01-Oct-20*SUBMIT BASE LINE SCHEDULE, & Preconstruction MeetingSUBMIT TRAFFIC HANDLING PLANSUBMIT CONCRETE MIX DESIGN FOR BRIDGE & RW STRUCTURESSUBMIT CIDH CONCRETE PLAN (SOFT DRY SANDY SOIL16"& 60" CIDH Piles), Concrete MIX DESIGN, & QA/QCMPCONSTRUCT SAFETY PLAN (IILP)SUBMIT WALL FACIA FORM LINER AND SAMPLE PANELSUBMIT ADL SOIL REMOVAL PLAN & BRIDGE ASBESTOS REMOVAL SAFETY PLANSUBMIT STREET LIGHT POLE FABRICATION SHOP DRAWINGSSUBMIT SWPPP FOR REVIEW & APPROVALSUBMIT ENVIRONMENTAL AND REGULATORY PERMITSABANDON VARIOUS UTILITIES (DESIGNATED AS ABANDON) IN STAGE-1 (EAST SIDE)Submit Shoring & Falsework Shop drawingsSubmit Shop drawings for MSE Walls PC Panels and Design PlansSubmite Shop Drawings and Fabrication Plans for Signals, Light Poles, and Traffic Handling Plan Submit Shop Drawings & Fabrication Plans for OH sign Structures26-May-21, 20200110.3 Construction Stage 1SR-91 WB Widening (Green River to SR-241)Classic Schedule Layout10-Jan-20 09:13Actual Level of EffortActual WorkRemaining WorkCritical Remaining WorkMilestonesummaryPage 1 of 3TASK filter: All Activities© Oracle CorporationDRAFT238 Activity IDActivity NameOriginalDurationPredecessorsStartFinish2000Set Construction Area Signage, Restripe, and Set Temporary K-Railing (with Traffic Screen)~ 18,800LF100500, 0600, 130022-Oct-2004-Nov-202100Remove Existing Concrete Pavemnet, AC pavement, MBGR, Dike, C&G, Remove Fence10200029-Oct-2011-Nov-202200Install Temporary ESA fence and SWPPP protection Measures21300, 050022-Oct-2023-Oct-202300Construct Concrete Barrier (Type 736SV Mod) Sta. 499+20 to 516+60 (~1,740LFT) supported by 238x16" CIDH Piles (grading and CIDH Pile construction) detail B15-830050022-Oct-2002-Dec-202400Construct Concrete Barrier (Type 736SV Mod) Sta. 499+20 to 516+60 (~1740LFT) Form/Rebar/Pour(He @1-4')h30230005-Nov-2016-Dec-202500Bridge Widening (County Line Creek Bridge #56-0366) Partial demo3200005-Nov-2009-Nov-202600Structural Excavations - Bridge & Set Shoring Systems3230003-Dec-2007-Dec-202700Construct Piling CL-200 Alt X Abut-1 & 2 & Retaining Walls5230003-Dec-2009-Dec-202800Construct Bridge Footings, Floor Slab & Walls & Retaining Walls & Tie to RW#2 & 410270010-Dec-2023-Dec-202900Construct Bridge Deck Slab & 7- day Cure12280024-Dec-2008-Jan-213000Structural Backfilling & Remove Shoring5270010-Dec-2016-Dec-203100Construct RW#4 ~375' x 20' H Max, Type-MSE Wall, with Concrete Gutter & Cable Railing50200005-Nov-2013-Jan-213200Construct RW#4 ~399' x 26' H Max (Type-SWBP Mod) with CL-200 (Alt X Piles)50200005-Nov-2013-Jan-213300Construct RW#4 ~400' x 12' H Max (Type-7B Mod) with Concrete Barrier (Type 836 Mod)40200019-Nov-2013-Jan-213400Construct RW#2 ~347' x 15-H Max MSE Wall, Concrete Gutter, & Cable Railing50310026-Nov-2003-Feb-213500Construct RW#20 ~496' x 20' H Max, (Type 7B Mod) with Concrete Barrier (Type 836 Mod) with Ground Anchors50330017-Dec-2024-Feb-213600Construct RW#20 ~152' x 28' H Max (Type-SWBP Mod) with Steel Piles HP- 14x89 Driven Piles40320026-Nov-2020-Jan-213700Construct RW#540 (536' x 18' H-Max) (Type 7SWBP) Supported on Top of CL-200 Piles (Alt-X) with topping Concrete Barrier (Type 836 Mod)50360017-Dec-2024-Feb-213800Construct RW#540 (224' x 16' H-Max) (Type 7B Mod)with Ground Anchors30230003-Dec-2013-Jan-213900Construct Drainage Systems (18" & 24" RCP, 18",24" and 36" CSP) & Abandon Various Existing Culverts (Various Locations) ~670LFT50360031-Dec-2010-Mar-214000Partial Demolition of various Existing RW's (Used Partially as Temporary Shoring) behind RW#20, 540, & 440360031-Dec-2024-Feb-21Q1Q2Q3Q4Q1Q2Q3Q420202021Set Construction Area Signage, Restripe, and Set Temporary K-Railing (with Traffic Screen)~ 18,800LFRemove Existing Concrete Pavemnet, AC pavement, MBGR, Dike, C&G, Remove FenceInstall Temporary ESA fence and SWPPP protection MeasuresConstruct Concrete Barrier (Type 736SV Mod) Sta. 499+20 to 516+60 (~1,740LFT) supported by 238x16" CIDH Piles (grading and CIDH Pile construction) detail B15-8Construct Concrete Barrier (Type 736SV Mod) Sta. 499+20 to 516+60 (~1740LFT) Form/Rebar/Pour(He @1-4')hBridge Widening (County Line Creek Bridge #56-0366) Partial demoStructural Excavations - Bridge & Set Shoring SystemsConstruct Piling CL-200 Alt X Abut-1 & 2 & Retaining WallsConstruct Bridge Footings, Floor Slab & Walls & Retaining Walls & Tie to RW#2 & 4Construct Bridge Deck Slab & 7- day CureStructural Backfilling & Remove ShoringConstruct RW#4 ~375' x 20' H Max, Type-MSE Wall, with Concrete Gutter & Cable RailingConstruct RW#4 ~399' x 26' H Max (Type-SWBP Mod) with CL-200 (Alt X Piles)Construct RW#4 ~400' x 12' H Max (Type-7B Mod) with Concrete Barrier (Type 836 Mod)Construct RW#2 ~347' x 15-H Max MSE Wall, Concrete Gutter, & Cable RailingConstruct RW#20 ~496' x 20' H Max, (Type 7B Mod) with Concrete Barrier (Type 836 Mod) with Ground AnchorsConstruct RW#20 ~152' x 28' H Max (Type-SWBP Mod) with Steel Piles HP- 14x89 Driven PilesConstruct RW#540 (536' x 18' H-Max) (Type 7SWBP) Supported on Top of CL-200 Piles (Alt-X) with topping Concrete Barrier (Type 836 Mod)Construct RW#540 (224' x 16' H-Max) (Type 7B Mod)with Ground AnchorsConstruct Drainage Systems (18" & 24" RCP, 18", 24" and 36" CSP) & Abandon Various Existing Culverts (Various Locations) ~670LFTPartial Demolition of various Existing RW's (Used Partially as Temporary Shoring) behind RW#20, 540, & 4SR-91 WB Widening (Green River to SR-241)Classic Schedule Layout10-Jan-20 09:13Actual Level of EffortActual WorkRemaining WorkCritical Remaining WorkMilestonesummaryPage 2 of 3TASK filter: All Activities© Oracle CorporationDRAFT239 Activity IDActivity NameOriginalDurationPredecessorsStartFinish4100Complete Backfilling Behind RW # 2, 4, 20, and Concrete Barrier Type736SV15370025-Feb-2117-Mar-214200Grading and Roadway Excavation along Full Length alignmnet & CL-@ AB20410004-Mar-2131-Mar-214300Construct Lean Concreete Base (Various Locations)20420011-Mar-2107-Apr-214400Construct Bond Breakers and JPCP & AC Pavement(Various Locations) WB Alignment40420001-Apr-2126-May-214500Construct Irrigation System (Various Locations)20410018-Mar-2114-Apr-214600Construct Temporary Signal system 15200005-Nov-2025-Nov-204700Construct Traffic Signal System and Traffic Monitoring System30410018-Mar-2128-Apr-214800Install Signs at Various Locations along WB Alignment (behind K-Railing)20410018-Mar-2114-Apr-2120200110.4 Construction Stage 220200110.4 Construction Stage 29518-Mar-2128-Jul-214900Retsripe WB lanes and move Temporary k-Railing (with Screens) 5440027-May-2102-Jun-215000Roadway Excavation and Construct CL-II AB & AC Pavement (Various Locations) 15490003-Jun-2123-Jun-215100Roadway Excavation and Construct CL-AB, LCB & JPCP (Various Locations) 20490003-Jun-2130-Jun-215200Drill 60" CIDH Piles and Rebar/Pour Concrete OH Sign Foundations (WB Signs)10410018-Mar-2131-Mar-215300Complete Joint Sealant & Testing / Coring WB direction JPCP Pavements10510001-Jul-2114-Jul-215400Complete Profiling and Gridning pavement WB direction AC & JPCP Pavements5510001-Jul-2107-Jul-215500Remove Temporary K-Railing and Permanent Striping WB direction (Full Alignmnet)5540008-Jul-2114-Jul-215600Install OH Sign Structure10520001-Apr-2114-Apr-215700Install street lighting system40410018-Mar-2112-May-215800Final Cleanup & Punch List105700, 550015-Jul-2128-Jul-21Q1Q2Q3Q4Q1Q2Q3Q420202021Complete Backfilling Behind RW # 2, 4, 20, and Concrete Barrier Type736SVGrading and Roadway Excavation along Full Length alignmnet & CL-@ ABConstruct Lean Concreete Base (Various Locations)Construct Bond Breakers and JPCP & AC Pavement(Various Locations) WB AlignmentConstruct Irrigation System (Various Locations)Construct Temporary Signal system Construct Traffic Signal System and Traffic Monitoring SystemInstall Signs at Various Locations along WB Alignment (behind K-Railing)28-Jul-21, 20200110.4 Construction Stage 2Retsripe WB lanes and move Temporary k-Railing (with Screens)Roadway Excavation and Construct CL-II AB & AC Pavement (Various Locations)Roadway Excavation and Construct CL-AB, LCB & JPCP (Various Locations)Drill 60" CIDH Piles and Rebar/Pour Concrete OH Sign Foundations (WB Signs)Complete Joint Sealant & Testing / Coring WB direction JPCP PavementsComplete Profiling and Gridning pavement WB directionAC& JPCP PavementsRemove Temporary K-Railing and Permanent Striping WB direction (FullAlignmnet)Install OH Sign StructureInstall street lighting systemFinal Cleanup & Punch ListSR-91 WB Widening (Green River to SR-241)Classic Schedule Layout10-Jan-20 09:13Actual Level of EffortActual WorkRemaining WorkCritical Remaining WorkMilestonesummaryPage 3 of 3TASK filter: All Activities© Oracle CorporationDRAFT240 MODEL AGREEMENT - EXHIBIT "C" COMPENSATION AND PAYMENT [___INSERT___] DRAFT241 FIRM PROJECT TASKS/ROLE COST Falcon Engineering Services Construction Management Services 3,362,106.29$ Z&K Consultants, Inc.Roadway/Structures Inspection 299,974.38 Converse Consultants Materials Testing 358,814.18 ZT Consultants, Inc.SIQMP/Source Inspection 95,372.83 David Evans & Assoc.Construction Surveying 292,663.34 Wood Biologist/Monitoring 48,025.56 4,456,956.58$ TOTAL COSTS 1 Commission authorization pertains to total contract award amount. Compensation adjustments between consultants may occur; however, the maximum total compensation authorized may not be exceeded. EXHIBIT "C" Prime Consultant: Sub Consultants: COMPENSATION SUMMARY1 DRAFT242 AGENDA ITEM 6H Agenda Item 6H RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: April 8, 2020 TO: Riverside County Transportation Commission FROM: David Thomas, Toll Project Manager THROUGH: Anne Mayer, Executive Director SUBJECT: California Environmental Quality Act Revalidation and Addendum to the Environmental Impact Report for the Modified State Route 91 Corridor Improvement Project for the Corridor Operations Improvements STAFF RECOMMENDATION: This item is for the Commission to adopt Resolution No. 20-003, “Resolution of the Riverside County Transportation Commission Adopting an Addendum to the Previously Certified Environmental Impact Report (SCH #2008071075) Pursuant to the California Environmental Quality Act for the State Route 91 Corridor Improvement Project and Approving the Proposed Changes to the Project”. BACKGROUND INFORMATION: In November 2012, the Commission adopted Resolution No. 12-028 related to the State Route 91 (SR-91) Corridor Improvement Project (Project) Environmental Impact Report/Environmental Impact Statement (EIR/EIS) and approved the Project. The Project was proposed to be implemented in phases to maximize the use of available funds: (1) the Initial Phase, and (2) the Ultimate Project. Construction of the Initial Phase was substantially completed in March 2017. The State Route 91 Corridor Operations improvement (91 COP) is a component of the Ultimate Project as identified in the EIR/EIS. The 91 COP will add a 2-mile long general purpose lane in the westbound direction on SR-91 from Green River Road westbound onramp to SR-241. A detailed vicinity map of the 91 COP is provided as Attachment 1. The 91 COP involves: 1) Adding approximately 9 to 10 feet of pavement to SR-91 on the outside at some locations and restriping in others; 2) Widening the County Line Creek Undercrossing; 3) Constructing new retaining walls approximately 3,200 feet in length and approximately 6 to 28 feet in height on the north side of SR-91; 4) Reconstructing a portion of Green River Road; 5) Replacing overhead signs; and 6) Adding high mast lighting on the north side of the outside barrier. 243 Agenda Item 6H At its May 2018 meeting, the Commission authorized staff to implement all development activities needed to complete environmental approvals for the 91 COP. At the same meeting, the Commission also approved amending Agreement No. 09-31-081-00 with Parsons Transportation Group, Inc. for project development services to implement the 91 COP. DISCUSSION: Environmental Process Since the approval of the EIR/EIS, the preliminary engineering and environmental documentation efforts for the 91 COP have identified minor technical changes or additions to the Project. The findings have been documented in an environmental revalidation form for the Project that was completed on March 20, 2020. The environmental revalidation has identified that there are no new or substantive changes to any of the resources, as identified in the EIR/EIS. Hence, no additional avoidance, minimization, and/or mitigation measures have been identified or are warranted. Public circulation of the revalidation document is not required under the California Environmental Quality Act (CEQA) and the National Environmental Policy Act (NEPA). However, a Record of Decision will be filed with the Federal Register to notify the public of the findings of the environmental revalidation documentation. The NEPA/CEQA revalidation form is described as Exhibit A to Resolution No. 20-003 (Attachment 2) and provided as Attachment 3 to this staff report. The Commission’s Role as a Responsible Agency In the environmental process, the Project, and consequently the 91 COP component of the Project, is considered a joint undertaking by Caltrans and the Federal Highway Administration and is subject to state and federal environmental review requirements. Project documentation has been prepared in compliance with both CEQA and NEPA. Caltrans is the lead agency under NEPA and CEQA for the Project. The Commission is considered a responsible agency under CEQA. As a responsible agency, the Commission must comply with CEQA by considering the final environmental revalidation documentation adopted by Caltrans. In reviewing the final environmental revalidation documentation, the Commission must independently reach its conclusion on whether and how to approve the Project modifications. The Commission should approve the Project in its role as a responsible agency. Staff and the Commission’s consultant team led the preparation of the environmental revalidation document in close coordination with Caltrans. Although no additional measures to minimize harm to the resources within the Project area were identified or warranted for the Project modifications, future avoidance, mitigation and/or minimization measures may be imposed as part of permit requirements to further reduce environmental effects. An updated Environmental Commitment Record for the Project is attached to the resolution as part of Exhibit A under the revalidation form (Attachment 3). 244 Agenda Item 6H RECOMMENDATION: Staff recommends adoption of Resolution No. 20-003, “Resolution of the Riverside County Transportation Commission Adopting an Addendum to the Previously Certified Environmental Impact Report (SCH #2008071075) Pursuant to the California Environmental Quality Act for the State Route 91 Corridor Improvement Project and Approving the Proposed Changes to the Project.” There is no financial impact related to the adoption of this resolution. Attachments: 1) 91 Corridor Operations Project Vicinity Map 2) Resolution No. 20-003 – SR-91 CIP CEQA Addendum and Approval of Project Changes 3) Exhibit A to Resolution No. 20-003 SR-91 – NEPA/CEQA Re-Validation Form 245 91 91 Project Vicinity C O U N T Y RIVE RSIDE C O U N T Y RIVE RSIDE EA: 08-0F544 CORRIDOR OPERATIONS PROJECT SR-91 08-RIV SR-91 PM 0.00 12-ORA SR-91 PM 18.88 241 71 SR-91 PM 17.36 BEGIN CONSTRUCTION SR-91 PM 0.54 END CONSTRUCTION BRIDGE WIDENING COUNTY LINE CREEK C O U N T Y O R A N G E C O U N T Y O R A N G E CANYON COAL CANYONCOAL S AN T A ANA R IV E R S AN T A ANA R IV E R GOLF CLUB GREEN RIVER GOLF CLUB GREEN RIVER LIART REVIR ANA ATNAS LIART REVIR ANA ATNAS GYPSUM CANYON RdGYPSUM CANYON RdGREEN RIVER Rd GREEN RIVER Rd DAM PRADO DAM PRADO WIDENING SR-91 WIDENING SR-91 ATTACHMENT 1 246 RESOLUTION NO. 20-003 RESOLUTION OF THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION ADOPTING AN ADDENDUM TO THE PREVIOUSLY CERTIFIED ENVIRONMENTAL IMPACT REPORT (SCH #2008071075) PURSUANT TO THE CALIFORNIA ENVIRONMENTAL QUALITY ACT FOR THE STATE ROUTE 91 CORRIDOR IMPROVEMENT PROJECT AND APPROVING THE PROPOSED CHANGES TO THE PROJECT WHEREAS, the State Route 91 Corridor Improvement Project (Project) is a project to improve mobility in the State Route 91 corridor via capacity, operational, and safety improvements; and WHEREAS, the California Department of Transportation (Caltrans) was the lead agency for the Project under the California Environmental Quality Act (CEQA) and the National Environmental Policy Act (NEPA); and WHEREAS, in coordination with Caltrans, the Riverside County Transportation Commission (Commission) prepared an environmental impact statement and environmental impact report (EIS/EIR) to analyze the Project’s impacts on the environment; and WHEREAS, in August 2012, Caltrans, as lead agency, certified the EIS/EIR, adopted CEQA finding, adopted a mitigation monitoring and reporting program (MMRP), adopted a statement of overriding considerations, and approved the Project; and WHEREAS, in November 2012, the Commission, as a responsible agency under CEQA, considered the EIS/EIR and made similar findings and approvals; and WHEREAS, minor design refinements to the Project have been proposed, namely: adding an approximately 2 mile long general purpose lane in the westbound direction on SR-91 from Green River Road WB on-ramp to SR-241 (this would involve adding approximately 9 to 10 feet of outside pavement widening to SR-91 at some locations and restriping in others); widening the County Line Creek Undercrossing; constructing new retaining walls approximately 3,200 feet in length and approximately 6 to 28 feet in height on the north side of SR-91; reconstructing a portion of Green River Road; replacing overhead signs; and adding high mast lighting on the north side of the outside barrier; (collectively, the Revised Project); and WHEREAS, under CEQA, when taking subsequent discretionary actions in furtherance of a project for which an EIR has been certified, the lead agency is required to review any changed circumstances to determine whether any of the circumstances under Public Resources Code section 21166 and State CEQA Guidelines section 15162 require additional environmental review; and WHEREAS, in accordance with CEQA, Caltrans analyzed all potential environmental ATTACHMENT 2 247 effects associated with the Revised Project and determined that none of the conditions described in State CEQA Guidelines section 15162 or Public Resources Code section 21166 have occurred; rather, consistent with State CEQA Guidelines section 15164, subdivision (a), the Commission determined that an addendum to the EIR should be prepared; and WHEREAS, in collaboration with Caltrans, the Commission prepared an addendum to the EIS/EIR (Addendum); and WHEREAS, on March 20, 2020, Caltrans, as the lead agency, approved and adopted the Addendum to the EIS/EIR and approved the Revised Project; and WHEREAS, in its limited role as responsible agency, this matter came before the Commission at a regularly scheduled public meeting, at which the Commission carefully considered all information pertaining to the Revised Project, including the staff report, the Addendum together with the EIS/EIR, and all of the information, evidence, and testimony presented at its public meeting; and WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred. NOW, THEREFORE, THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION DOES HEREBY RESOLVE AS FOLLOWS: Section 1. Recitals. The recitals above are true and correct and are incorporated into this Resolution by reference as findings of fact. Section 2. Compliance with the Environmental Quality Act. In considering the Revised Project, the Commission has considered the EIS/EIR for the Project (State Clearinghouse Number 2008071075), which was certified by the Commission on November 14, 2012, and the addenda thereto, along with all oral and written comments received and the administrative record (the Record). The Commission hereby finds and determines that the Record contains a complete and accurate reporting of the environmental impacts of the Revised Project and the Project as a whole, the impacts of which were fully addressed and mitigated (to the extent feasible) in the EIS/EIR. The Commission hereby further finds and determines that the Addendum has been completed in compliance with CEQA and the State CEQA Guidelines. The Commission further finds and determines that the Addendum reflects the Commission’s independent judgment. Section 3. Findings on Environmental Impacts. Based on the substantial evidence set forth in the Record, including but not limited to the Addendum, the Commission finds that an addendum to the EIS/EIR is the appropriate document for disclosing the minor changes and additions that are necessary to the EIS/EIR to account for the Revised Project. The Commission finds that none of the conditions under State CEQA Guidelines section 15162 requiring the need for further subsequent environmental review have occurred because: a) No substantial changes are proposed that would require major revisions of the EIS/EIR due to the involvement of new significant environmental effects or a substantial increase in the severity of previously identified significant effects; 248 b) No substantial changes have occurred with respect to the circumstances under which the Project is undertaken that would require major revisions of the EIS/EIR due to the involvement of new significant environmental effects or a substantial increase in the severity of the previously identified significant effects; and c) No new information of substantial importance that was not known and could not have been known with the exercise of reasonable diligence at the time the EIS/EIR was certified shows any of the following: (i) the modifications would have one or more significant effects not discussed in the EIS/EIR; (ii) significant effects previously examined would be substantially more severe than shown in the EIS/EIR; (iii) mitigation measures or alternatives previously found not to be feasible would in fact be feasible and would substantially reduce one or more significant effects, but the Commission declined to adopt such measures; or (iv) mitigation measures or alternatives considerably different from those analyzed in the EIS/EIR would substantially reduce one or more significant effects on the environment, but which the Commission declined to adopt. Section 4. Approval of Addendum. The Commission hereby approves and adopts the Addendum to the EIS/EIR prepared for the Revised Project (attached as Exhibit A). Section 5. Approval of the Revised Project. The Commission hereby approves the Revised Project, subject to any and all applicable mitigation measures that were previously imposed by the Commission as part of the Project. Section 6. Notice of Determination. The Commission directs staff to file a Notice of Determination with the Riverside County Clerk’s Office within five (5) working days of adoption of this Resolution. Section 7. Custodian of Records. The documents and materials that constitute the record of proceedings on which this Resolution and the above findings have been based are located at the Riverside County Transportation Commission, 4080 Lemon Street, 3rd Floor, Riverside, California 92502. APPROVED AND ADOPTED by the Riverside County Transportation Commission this ___ day of April, 2020. ____________________________ Ben Benoit, Chair Riverside County Transportation Commission ATTEST: Lisa Mobley, Clerk of the Board Riverside County Transportation Commission 249 Exhibit A (Addendum to EIR) 250 D.Ciacchella 3/19/20D.Ciacchella 3/19/20ATTACHMENT 3251 NEPA/CEQA RE-VALIDATION FORM Page 2 of 11 Revised September 2016 CONTINUATION SHEET(S) Address only changes or new information since approval of the original document and only those areas that are applicable. Use the list below as section headings as they apply to the project change(s). Use as much or as little space as needed to adequately address the project change(s) and the associated impacts, minimization, avoidance and/or mitigation measures, if any. Changes in project design (e.g., scope change, a new alternative, change in project alignment). A Final Environmental Impact Report/Environmental Impact Statement (EIR/EIS) was adopted in 2012 for the State Route (SR) 91 Corridor Improvement Project (SR-91 CIP). The SR-91 CIP Alternative 2f was proposed in several phases to maximize use of available funds and consisted of an Initial Phase and an Ultimate Project. The SR-91 CIP 2012 Final EIR/EIS analyzed both the Initial Phase and the Ultimate Project phases. The Record of Decision (ROD) was prepared for the Initial Phase. A new ROD will be needed for this project and for future phases. Construction of the SR-91 CIP Initial Phase was completed under Expenditure Authorization (EA) 08-0F540. The Initial Phase included improvements on SR-91 from approximately the Orange/Riverside county line to the Interstate 15 (I-15) interchange and a single-lane direct connector to and from I-15 south, extending from SR-91 to the Ontario Avenue interchange. Construction of the Initial Phase began in June 2014 and was opened to traffic in March 2017. Separate phases/projects are identified below to incorporate the remaining improvements of the Ultimate Project by 2035. See Attachment 1 for the Ultimate Project Study Area. The Ultimate Project would provide the following improvements: Eastbound SR-91 • A sixth general purpose (GP) lane would be provided between SR-241 and SR-71. Between SR-241 and Coal Canyon, widening on eastbound (EB) SR-91 is proposed to accommodate the additional lane. Between Coal Canyon and Green River Road, the centerline of SR -91 is proposed to be shifted northward, and widening of westbound (WB) SR-91 is proposed to accommodate the additional EB lane. The Green River Road EB off- and on-ramps would be widened and realigned to accommodate the Ultimate Project. Between Green River Road and SR-71, restriping EB SR-91 is proposed to accommodate the additional GP lane. • From I-15 to Pierce Street, a fifth GP lane would be added by widening EB SR-91 between I-15 and the Pierce Street off-ramp. The EB tolled Express Lane would be extended from I -15 to the McKinley Street interchange by restriping the inside GP lane. The McKinley Street EB ramps would be modified to accommodate the widening of SR-91, and additional lanes would be added to the ramps. A new collector-distributor road would be constructed, combining the Pierce Street and Magnolia Avenue EB off-ramps into one exit point from SR-91, which is also the termination point of the fifth GP lane addition. Westbound SR-91 • A sixth GP lane would be provided between SR-71 and SR-241. Between Green River Road and SR-241, widening on WB SR-91 is proposed to accommodate the additional lane. The Green River Road WB on-ramp would be widened and realigned to accommodate the Ultimate Project. Between the SR-71 south–west connector to Green River Road, the additional GP lane would be added by restriping. An auxiliary lane would also be added in advance of the Green River Road off-ramp by restriping. • From Pierce Street to I-15, a fourth GP lane would be added by widening WB SR-91 between the Pierce Street WB on-ramp and I-15. The WB high-occupancy vehicle (HOV) lane would become the additional GP lane, and a new tolled Express Lane would be added within these limits. The McKinley Street WB ramps and I-15 connectors exit would be modified to accommodate the widening of SR-91. I-15 • A single-lane tolled Express Lane would be constructed in the median in the northbound (NB) and southbound (SB) directions extending from the Ontario Avenue interchange to the Cajalco Road interchange. 252 NEPA/CEQA RE-VALIDATION FORM Page 3 of 11 Revised September 2016 • A single-lane tolled Express Lane connector would be provided from EB SR-91 to NB I-15 that would extend in the median of I-15 to the Hidden Valley Road interchange. A single-lane tolled Express Lane would be constructed in the median of I-15 that would begin at the Hidden Valley Road interchange and would continue SB as a single-lane Express Lane connector to WB SR-91. SR-91 Corridor Operations Project The Riverside County Transportation Commission (RCTC), in cooperation with California Department of Transportation (Caltrans), is proposing operational and safety improvements by constructing a portion of the SR-91 CIP Ultimate Project on WB SR-91 from Green River Road to SR-241 to alleviate traffic congestion in this area (ORA Post Mile R17.36 to R18.88, RIV Post Mile R0.0 to R0.54). This portion of the Ultimate SR-91 CIP is being described as the SR-91 Corridor Operations Project (COP) (Project). As stated in the 2019 Federal Transportation Improvement Program (FTIP), the total programmed cost for the project is $41,000,000. The SR-91 COP consists of the following project components: • Adding a GP lane approximately 2 miles in length in the WB direction on SR -91 from Green River Road WB on-ramp to SR-241. This lane would terminate at SR-241. This would involve adding approximately 9 to 10 feet of outside widening to SR-91 at some locations and restriping in others • Widening the County Line Creek Undercrossing (UC) • Constructing new retaining walls approximately 3,200 feet in length and approximately 6 to 28 feet in height on the north side of SR-91 • Reconstructing a portion of Green River Road • Replacing overhead signs • Adding high mast lighting on the north side of the outside barrier Environmental impacts associated with the Ultimate Project were analyzed in the SR -91 CIP Final EIR/EIS. Thus, most of the project components of the SR-91 COP have been analyzed under the Ultimate Project analysis. However, updates to several environmental resource areas are required due to passage of time, modification in design due to partial implementation of the Ultima te Project, and changes in the environmental setting and regulations. These changes are being analyzed with a Revalidation of the analysis conducted in the Final EIR/EIS to ensure no new significant environmental impacts would occur as a result of implementation of the SR-91 COP and that there would be no need to prepare a Supplemental EIR/EIS. See Attachment 2 for a vicinity map of the SR-91 COP. The Revalidation and Record of Decision (ROD) will be available online at RCTC’s website. Changes in environmental setting (e.g., new development affecting traffic or air quality). The design changes that occurred during the Initial Phase were addressed in previous revalidations of the Final EIR/EIS and did not result in any substantial impacts to the environment. Three revalidations included changes in the SR-91 COP portion of the SR-91 CIP: • Revalidation 1: A California Highway Patrol turnaround facility within Caltrans right-of-way (ROW) was revised based on SR-91 median geometry near the western limits of the project. Additionally, this revalidation covered a horizontal alignment change that realigned Green River Road to the south to accommodate a retaining wall. • Revalidation 3: The Final EIR/EIS reported that Soundwall E-1 along the edge of shoulder between Green River Road and Green River Golf Club would be built in the Ultimate Project. It was later determined the soundwall was not reasonable or feasible, and Soundwall E-1 was eliminated. • Revalidation 20: A temporary emergency access ramp for WB SR-91 at Green River Road was permanently incorporated into the project. Attachment 3 provides a summary of these previous revalidations for the Initial Phase. Changes in environmental circumstances (e.g., a new law or regulation, change in the status of a listed species). The following are changes in environmental circumstances from what was previously analyzed in the Final EIR/EIS: Hazardous Materials/Waste 253 NEPA/CEQA RE-VALIDATION FORM Page 4 of 11 Revised September 2016 The governing regulatory guidance for conducting initial site assessments/hazardous materials/ hazardous waste assessments at the time the Phase I Initial Site Assessment (ISA) was conducted for the Final EIR/EIS was the American Standards for Testing and Materials (ASTM) E 1527-05, Standard Practice for Environmental Site Assessments: Phase 1 Environmental Site Assessment Process. The regulatory guidance has since been updated to the current ASTM E 1527-13. Major changes in the current version are discussed below: Recognized Environmental Conditions (REC) – The revised Standard simplifies the definition of an REC to be “a release, a likely release, or a material threat of a release of hazardous substances to the environment and property.” A Historical Recognized Environmental Condition (HREC) now refers only to “historic releases which have been remediated to the satisfaction of regulatory authorities for unrestricted use,” therefore limiting an HREC to past releases that do not subject the property to any use restrictions, activity and use limitations (AULs), or other engineering or institutional controls. An HREC is no longer considered an REC. Finally, a new term was introduced: Controlled Recognized Environmental Conditions (CRECs). This term describes “releases that have been addressed to the satisfaction of regulatory authorities, but from which residual contamination has been permitted to remain in place subject to the implementation of use restrictions, AULs, or other institutional or engineering controls on the subject property.” A CREC is an REC and must be identified as such in the conclusions section of the Phase I report. Vapor Migration – The potential for vapor migration, including vapor that migrates in the subsurface, must be considered in the Phase I report. Agency File Reviews – If a relevant property appears on a federal, state, or tribal record, the new Standard requires a review of “pertinent regulatory files and/or records associated with the listing.” The environmental professional can exercise discretion when mandating a review but must document the reasons why a review was not conducted if a document review is deemed unnecessary. An ISA Technical Memorandum was prepared and approved in March 2019 to update the information related to the project site. Air Quality The governing regulatory guidance for conducting project air quality analysis in 2010 was the Clean Air Act Amendments (CAAA) of 1990. The United States Environmental Protection Agency (EPA) reviews the most up-to-date scientific information and the existing ambient standards for each pollutant every 5 years and obtains advice from the Clean Air Scientific Advisory Committee (CASAC) on each review. Based on these, EPA applies consideration to revise the National Ambient Air Quality Standards (NAAQS) accordingly. The changes and adjustments to the NAAQS, especially those that occurred since approval of the project’s 2012 Final EIR/EIS, include the following: 1. The 8-hour ozone (O3) standard of 0.075 parts per million (ppm) was established in 2008. On March 12, 2008, EPA promulgated attainment designations based on the 8-hour O3 standard. On October 1, 2015, EPA strengthened the 8-hour O3 NAAQS based on new scientific evidence regarding the effects of ground-level O3 on public health and the environment. The new 8-hour O3 NAAQS standard (primary and secondary) is 0.070 ppm. The area designation/classification based on the new standard passed Final rule on March 1, 2018, and attainment demonstration plans in the State Implementation Plan (SIP) were submitted in June 2019. EPA revised the air quality standards for particle pollution in 2012. The new revisions became effective on January 15, 2015, and include the following: 1. The annual particulate matter less than 2.5 microns in diameter (PM2.5) standard, for primary and secondary, was strengthened from the 2006 level of 15 micrograms per cubic meter (μg/m 3) to 12.0 μg/m3 (primary) and 15.0 μg/m3 (secondary); the 24-hour standard of 35 μg/m3 was retained. 2. The 24-hour particulate matter less than 10 microns in diameter (PM10) standard of 150 μg/m3 was retained. Since approval of the Final EIR/EIS, the Regional Transportation Plan (RTP)/Sustainable Communities Strategy (SCS) and Federal Transportation Improvement Program (FTIP) have been updated (2016-2040 RTP/SCS and 2019 FTIP). In June 2018, the Federal Highway Administration (FHWA) confirmed that the previously issued Project- Level Conformity Determination for the SR-91 CIP remains valid for obtaining the ROD for the SR-91 COP. Consistent with 40 Code of Federal Regulations (CFR) 93.104d, the SR-91 COP does not prompt 254 NEPA/CEQA RE-VALIDATION FORM Page 5 of 11 Revised September 2016 any of the three triggers that would require a redetermination of conformity: 1. The project design concept and scope have not changed: In 2019, it was determined that the SR-91 COP improvements were consistent with the SR-91 CIP. A Supplemental Traffic Operational Analysis Report (STOAR) was prepared to evaluate the characteristics of the project under proposed conditions to determine the effects on safety, congestion, and highway capacity. The STOAR was approved in June 2019. 2. No 3-year lapse in major steps to advance the project: The SR-91 CIP Initial Phase was opened to traffic in March 2017. The environmental permits are still open, and plant establishment and warranty repair work is ongoing. The project is active. 3. The SR-91 COP is not performing a supplemental environmental document for air quality purposes. The description of the project in the 2012 RTP is as follows: Project ID No. RIV071250; Description: Phase 1: On SR-91/I-15: SR91 – Construct 1 mixed flow lane (SR-71 through I-15)/1 aux lane at various locations (SR-241 through Pierce) (OC PM 14.43-18.91), CD system (2/3/4 lanes from Main Street to I-15), 1 toll express lane (TEL) and convert HOV to TEL in each direction (OC to I-15); I-15 – construct TEL median direct connector NB I-15 to WB SR-91 and EB SR-91 to SB I-15, 1 TEL in each direction (SR-91 direct connector – Ontario Interchange) (I-15 PM 37.56-42.94). Phase 2: on SR-91/ I-15: SR91 – Add 1 mixed flow lane in each direction (SR241 – SR71)(I15 – Pierce); I15 – add toll express lane (TEL) median direct connector (SB15 to WB91 & EB91 to NB15), 1 TEL each direction from Hidden Valley –SR-91 direct connector and from Ontario Interchange to Cajalco Interchange. Therefore, because the approved RTP description matches the current proposed work, no further air quality analysis is required for the SR-91 COP. Noise The base cost allowance for noise abatement reasonableness and feasibility was $55,000 at the time of the Final EIR/EIS (2012). The 2019 base cost analysis is $107,000 per benefited receptor. A Noise Study Workplan (approved March 2019), supplemental Noise Study Report (NSR) (approved January 2020), and Noise Abatement Decision Report (NADR) (approved February 2020) were completed for the SR-91 COP. These analyses used $107,000 per benefited receptor. Biology The California Natural Diversity Database (CNDDB) and Information, Planning and Conservation System (IPaC) databases were accessed to obtain updated species lists to determine whether there were changes to the species listed in the Final EIR/EIS. The updated biological database searches are included in Attachment 4. Since approval of the Final EIR/EIS, one additional special-status species was identified as having potential to occur within the Biological Study Area (BSA): Santa Monica dudleya (Dudleya cymosa ssp. ovatifolia). A Supplemental Biological Technical Memorandum was approved in August 2019. Changes to environmental impacts of the project (e.g., a new type of impact, or a change in the magnitude of an existing impact). There are no new or substantive changes for the following resource areas, as identified in the SR-91 CIP Final EIR/EIS. 3.1 – Land Use Adding a GP lane, widening the County Line Creek UC, constructing new retaining walls, reconstructing a portion of Green River Road, adding high ma