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Home My Public Portal AboutResolution 08-4568 CC Warrant1 1 1 RESOLUTION NO. 08 -4568 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TEMPLE CITY ALLOWING CLAIMS AND DEMANDS IN THE SUM OF $141,680.69 DEMAND NOS. 24830, 24832 - 24833, 24844 - 24845, 24846 -24866 ($20,369.38 — FY 2007- 2008) AND DEMAND NOS. 24831,24834- 24843, 24867- 24966, 24943, 24947, 24953 ($121,311.31 — FY 2008 -2009) THE CITY COUNCIL OF THE CITY OF TEMPLE CITY DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS: SECTION 1. That in accordance with Section 37202 of the Government Code, the City Manager hereby certifies to the accuracy of the following demands and to the availability of fun for payment. City Manager SECTION 2. That the attached claims and demands have been audited as required by law and that the same hereby allowed in the amounts as hereinafter set forth. SECTION 3. The City Clerk shall certify to the passage and adoption of this resolution. APPROVED AND ADOPTED on this 19th day of August 2008. MAYOR ATTEST: I hereby certify that the foregoing resolution, Resolution No. 08 -4568, was adopted by the City Council of the City of Temple City at a regular meeting held on the 19th day of August, 2008 by the following vote: AYES: Councilmember - Gillanders, Vizcarra, Wong, Capra, Wilson NOES: Councilmember -None ABSENT: Councilmember -None ABSTAIN: Councilmember -None niio.Avz,. /2„,„/LA,1 City Clerk City of Temple City Date: 08/14/08 WARRANT REGISTER 08/19/08 FY 2007 -2008 FY 2008 -2009 Specials Ck# 24830, 24832 - 24833, 24844 -24845 Regulars Ck# 24846 -24866 $12,205.44 8,163.94 $20,369.38 Specials Ck# 24831, 24834 -24843 $16,852.11 Regulars Ck# 24867 -24966 104,459.20 Voided Ck# 24943, 24947, 24953 $121,311.31 TOTAL WARRANT $141,680.69 Page 1 City of Temple City Date:07 /31/08 08/19/08 Check Number Check Date Vendor Name 24830 7/31/2008 BANK OF AMERICA 7/31/2008 BANK OF AMERICA 7/31/2008 BANK OF AMERICA 7/31/2008 BANK OF AMERICA 7/31/2008 BANK OF AMERICA 7/31/2008 BANK OF AMERICA 7/31/2008 BANK OF AMERICA 7/31/2008 BANK OF AMERICA 7/31/2008 BANK OF AMERICA 7/31/2008 BANK OF AMERICA 7/31/2008 BANK OF AMERICA 7/31/2008 BANK OF AMERICA 7/31/2008 BANK OF AMERICA 7/31/2008 BANK OF AMERICA 7/31/2008 BANK OF AMERICA 7/31/2008 BANK OF AMERICA 7/31/2008 BANK OF AMERICA 7/31/2008 BANK OF AMERICA 7/31/2008 BANK OF AMERICA 24831 7/31/2008 COUNTY OF L.A. REGISTER RECORDER 24832 8/4/2008 SOUTHERN CALIFORNIA EDISON CO. 8/4/2008 SOUTHERN CALIFORNIA EDISON CO. Transaction Description 8/19 CRED - SUPL /IND DAY 8/19 3 LASER PRINTERS 8/19 RFND- CASE /CNCL BADGE 8/19 SUPL - DINING /STARS 8/19 4 SHELTERS 8/19 SUPL -IND DAY CELEB 8/19 SUPL- SUMMER CONCERTS 8/19 SUPL- SUMMER CONCERTS 8/19 SUPL -IND DAY /CONCERT 8/19 SUPL -IND DAY CELEB 8/19 SUPL- SUMMER CONCERTS 8/19 SUPL- SUMMER CONCERTS 8/19 SUPL -STARS CLUB 8/19 SUPL -DAY CAMP 8/19 SUPL -STARS CLUB 8/19 SUPL -TEEN ZONE 8/19 HOUSING REHAB BOOKS 8/19 SUPL -PLNG COMM DNR 8/19 SUPL -PLNG COMM DNR 8/19 REC FEE -CUP 08 -1711 8/19 ELECT USG /GS1 -JUN 8/19 ELECT/TC1,PA2 -JUL Transaction Amount - 13.64 2114.97 - 42.61 40.93 1231.40 63.00 117.00 270.78 200.70 79.58 158.75 68.99 235.43 235.43 118.49 450.66 394.57 39.99 12.03 Ck No 24830 5776.45 50.00 Ck No 24831 50.00 444.13 286.65 Page 1 City of Temple City Date:07 /31/08 08/19/08 Check Number Check Date Vendor Name Transaction Description Transaction Amount 24833 8/4/2008 8/4/2008 8/4/2008 8/4/2008 8/4/2008 8/4/2008 8/4/2008 8/4/2008 8/4/2008 8/4/2008 8/4/2008 8/4/2008 8/4/2008 8/4/2008 8/4/2008 8/4/2008 VERIZON WIRELESS VERIZON WIRELESS VERIZON WIRELESS VERIZON WIRELESS VERIZON WIRELESS VERIZON WIRELESS VERIZON WIRELESS VERIZON WIRELESS VERIZON WIRELESS VERIZON WIRELESS VERIZON WIRELESS VERIZON WIRELESS VERIZON WIRELESS VERIZON WIRELESS VERIZON WIRELESS VERIZON WIRELESS 24834 8/4/2008 SOUTHERN CALIFORNIA EDISON CO. 24835 8/5/2008 CATALINA CHANNEL EXPRESS 8/19 CELL PHONE - JUN /JUL 8/19 CELL PHONE - JUN /JUL 8/19 CELL PHONE - JUN /JUL 8/19 CELL PHONE - JUN /JUL 8/19 CELL PHONE - JUN /JUL 8/19 CELL PHONE - JUN /JUL 8/19 CELL PHONE - JUN /JUL 8/19 CELL PHONE - JUN /JUL 8/19 CELL PHONE - JUN /JUL 8/19 CELL PHONE- JUN /JUL 8/19 CELL PHONE - JUN /JUL 8/19 CELL PHONE - JUN /JUL 8/19 CELL PHONE - JUN /JUL 8/19 CELL PHONE - JUN /JUL 8/19 CELL PHONE - JUN /JUL 8/19 CELL PHONE - JUN /JUL 8/19 ELECT USG /GS1 -JUL 8/19 CATALINA TRIP Ck No 24832 Ck No 24833 Ck No 24834 Ck No 24835 730.78 31.55 27.36 90.46 36.80 226.11 126.20 278.68 31.55 112.39 31.55 27.36 67.30 31.55 37.54 112.62 33.35 1302.37 410.40 410.40 5037.00 5037.00 Page 2 City of Temple City Date:07 /31/08 08/19/08 Check Number Check Date Vendor Name Transaction Description Transaction Amount 24836 8/5/2008 ASSURANT EMPLOYEE BENEFITS 8/19 VOL LIFE INS -AUG 309.40 Ck No 24836 309.40 24837 8/7/2008 F & A FEDERAL CREDIT UNION 8/19 CONTR- 08/01/08 2506.00 Ck No 24837 2506.00 24838 8/7/2008 VANTAGEPOINT TRANSFER AGENTS -#457 8/19 CONTR- 08/01/08 888.00 Ck No 24838 888.00 24839 8/7/2008 UNION BANK OF CALIFORNIA 8/19 PT CONTR- 08/01/08 2150.03 Ck No 24839 2150.03 24840 8/7/2008 STATE STREET BANK & TRUST CO 8/19 FT CONTR- 08/01/08 2745.00 Ck No 24840 2745.00 24841 8/7/2008 PMI 8/19 DENTAL PREM -AUG 207.74 8/7/2008 PMI 8/19 DENTAL PREM -AUG 135.64 Ck No 24841 343.38 24842 8/7/2008 DELTA DENTAL 8/19 DENTAL PREM -AUG 1248.48 8/7/2008 DELTA DENTAL 8/19 DNTURETIREES -AUG 132.75 8/7/2008 DELTA DENTAL 8/19 DENTAL PREM -AUG 746.40 Ck No 24842 2127.63 24843 8/7/2008 STACY TUCKER 8/19 DECOR - DINING /STARS 285.27 Page 3 City of Temple City Date:07 /31/08 08/19/08 Check Number Check Date Vendor Name Transaction Description Transaction Amount 24844 8/7/2008 SGV WEEKLY/TEMPLE CITY WEEKLY 8/7/2008 SGV WEEKLY/TEMPLE CITY WEEKLY 24845 8/12/2008 VEN TEK INTERNATIONAL 8/12/2008 VEN TEK INTERNATIONAL 24846 8/19/2008 8/19/2008 8/19/2008 8/19/2008 ARROWHEAD MOUNTAIN SPRING WATER ARROWHEAD MOUNTAIN SPRING WATER ARROWHEAD MOUNTAIN SPRING WATER ARROWHEAD MOUNTAIN SPRING WATER 24847 8/19/2008 BINTARA F. TANDJUNG 24848 8/19/2008 CPRS DISTRICT XIII 8/19/2008 CPRS DISTRICT XIII 8/19/2008 CPRS DISTRICT XIII 24849 8/19/2008 D.H. MAINTENANCE SERVICES 8/19/2008 D.H. MAINTENANCE SERVICES 8/19 MISC ADS - APR /JUN 8/19 MISC ADS -JUN 8/19 UPGR- PERMIT MACHINE 8/19 TEMP PRKG HOST -JUN CUPS WATER -INDEP DAY CELEB WTR BTLS- CH /CC /EOC CUPS RFND- SECURITY DPST CPRS HOLIDAY CHEER CPRS AWARDS /INSTALL. TRAINING -REC LEADERS CRA MEDIAN MTNC -APR MEDIAN MTNC -APR Ck No 24843 285.27 2920.00 870.00 Ck No 24844 3790.00 535.84 70.00 Ck No 24845 605.84 3.24 70.32 105.48 5.59 Ck No 24846 184.63 200.00 Ck No 24847 200.00 60.00 105.00 90.00 Ck No 24848 255.00 2090.00 1575.00 Page 4 City of Temple City Date:07 /31/08 08/19/08 Check Number Check Date Vendor Name Transaction Description Transaction Amount 24849... 8/19/2008 D.H. MAINTENANCE SERVICES 24850 8/19/2008 DEPARTMENT OF TRANSPORTATION 8/19/2008 EFRAIN ESTRADA 8/19/2008 ENTENMANN -ROVIN CO. 8/19/2008 EVA SUNG 24851 24852 24853 24854 8/19/2008 8/19/2008 8/19/2008 8/19/2008 GOLDEN STATE WATER CO. GOLDEN STATE WATER CO. GOLDEN STATE WATER CO. GOLDEN STATE WATER CO. 24855 8/19/2008 GRACE BUILDING MAINTENANCE CO 8/19/2008 GRACE BUILDING MAINTENANCE CO 8/19/2008 GRACE BUILDING MAINTENANCE CO MEDIAN MTNC -LWR AZUSA TRF SGNL MTNC -JUN OVRPYMT -PRKG CITATION CASE - COUNCIL BADGE RFN D /CAM P -A- PALOOZA WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL JANITORIAL SRVC -JUN CLEAN- KITCHEN APPL. CLEAN -CHILD ROOM APPL 325.00 Ck No 24849 3990.00 212.68 Ck No 24850 212.68 38.00 Ck No 24851 '38.00 42.61 Ck No 24852 42.61 40.00 Ck No 24853 Ck No 24854 Ck No 24855 40.00 349.67 316.95 394.64 40.80 1102.06 1265.00 55.00 18.33 1338.33 Page 5 City of Temple City Date:07 /31/08 08/19/08 Check Number Check Date Vendor Name Transaction Description Transaction Amount 24856 8/19/2008 HNDZ PROJECT MANAGEMENT CONSULT - 06/30/08 31.00 24857 8/19/2008 HUIHIN ZHAN 24858 8/19/2008 KERRIE HUANG 8/19/2008 KERRIE HUANG 8/19/2008 KERRIE HUANG REIMB -PRKG CITATION RFND- CREDIT BALANCE RFND- CREDIT BALANCE RFND -STARS CLUB Ck No 24856 31.00 64.00 Ck No 24857 64.00 50.00 30.00 100.00 Ck No 24858 180.00 24859 8/19/2008 LAN CHEN RFND- SECURITY DPST 200.00 Ck No 24859 200.00 24860 8/19/2008 MICHAEL MERINO ARCHITECTS MISC -LOP FACILITY 19.09 Ck No 24860 19.09 24861 8/19/2008 MITCH CULLIN RFND -TAI CHI CHUAN 65.00 Ck No 24861 65.00 24862 8/19/2008 PASADENA CITY COLLEGE FNGRPRNTS -REC LDR /MTN 104.00 Ck No 24862 104.00 24863 8/19/2008 PATRICIA NANEZ -RIVAS RFND -SWIM LESSON 15.00 8/19/2008 PATRICIA NANEZ -RIVAS RFND -SWIM LESSON 10.00 Page 6 City of Temple City Date:07 /31/08 08/19/08 Check Number Check Date Vendor Name Transaction Description Transaction Amount Ck No 24863 25.00 24864 8/19/2008 PRINTMASTERS #96 BUSINESS CARDS -FL 27.06 Ck No 24864 27.06 24865 8/19/2008 SAM'S CLUB DIRECT SUPL- SPIRIT DAY 20.48 Ck No 24865 20.48 24866 8/19/2008 YONG KIM RFND -SWIM LESSON 25.00 Ck No 24866 25.00 24867 8/19/2008 A A EQUIPMENT RENTALS CO., INC TOW TYPE SPREADER -LOP 4546.50 Ck No 24867 4546.50 24868 8/19/2008 A B CHAMPION TROPHY CO BASKETBALL TROPHIES 2395.50 Ck No 24868 2395.50 24869 8/19/2008 AFLAC INSURANCE -AUG 646.26 Ck No 24869 646.26 24870 8/19/2008 AGI ACADEMY INSTR- COMPUTERS 448.00 Ck No 24870 448.00 24871 8/19/2008 ALTEC INDUSTRIES MTNC- CHIPPER #106 177.64 Page 7 City of Temple City Date:07 /31/08 08/19/08 Check Number Check Date Vendor Name Transaction Description Transaction Amount 24872 8/19/2008 AMERICAN PROMOTIONAL EVENTS, INC. RFND- FIREWORKS DPST 24873 8/19/2008 AMERICAN WEST GLASS 24874 24875 24876 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 ARROWHEAD MOUNTAIN SPRING WATER ARROWHEAD MOUNTAIN SPRING WATER ARROWHEAD MOUNTAIN SPRING WATER ARROWHEAD MOUNTAIN SPRING WATER ARROWHEAD MOUNTAIN SPRING WATER ARROWHEAD MOUNTAIN SPRING WATER 8/19/2008 AT & T 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 AT & T /MCI AT & T /MCI AT & T /MCI AT & T /MCI AT & T /MCI AT & T /MCI AT & T /MCI RPR /BROKEN WINDOW -LOP CUPS BTLD WTRS -PLNG COMM WATER BOTTLES -CH BTLD WTRS -COU MTGS WATER BOTTLES- CC /EOC WTR DISP- CH /CC /EOC PAY PHONE USG -AUG PHONE USG - JUN /JUL PHONE USG - JUN /JUL PHONE USG - JUN /JUL PHONE USG - JUN /JUL PHONE USG - JUN /JUL PHONE USG - JUN /JUL PHONE USG - JUN /JUL Ck No 24871 177.64 100.00 Ck No 24872 100.00 119.83 Ck No 24873 119.83 5.59 9.19 38.04 9.19 61.53 38.57 Ck No 24874 162.11 77.07 Ck No 24875 77.07 32.20 15.52 14.23 16.91 44.14 431.07 15.76 Page 8 City of Temple City Date:07 /31/08 08/19/08 Check Number Check Date Vendor Name Transaction Description Transaction Amount 24876... 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 AT & T /MCI AT & T /MCI AT & T /MCI AT & T /MCI AT & T /MCI AT & T /MCI AT & T /MCI AT & T /MCI AT & T /MCI AT & T /MCI 24877 8/19/2008 BARRICADE & FLASHER RENTAL, INC. 24878 8/19/2008 BELL BUILDING MAINTENANCE CO. 8/19/2008 BELL BUILDING MAINTENANCE CO. 8/19/2008 BELL BUILDING MAINTENANCE CO. PHONE USG - JUN /JUL PHONE USG - JUN /JUL PHONE USG - JUN /JUL PHONE USG - JUN /JUL PHONE USG - JUN /JUL PHONE USG - JUN /JUL PHONE USG - JUN /JUL T1 LINE - JUN /JUL PHONE USG - JUN /JUL PHONE USG - JUN /JUL MUSEUM & PRKG SIGNS ADDT'L CLEANING -JUL RSTRM CLEANING -JUL JANITORIAL SRVC -JUL 24879 8/19/2008 BETTER CONSTRUCTION & DESIGN, INC CHAN /HRP,HWP -203 8/19/2008 BETTER CONSTRUCTION & DESIGN, INC 10% RET /HRP -503 24880 8/19/2008 BISHOP COMPANY, INC. 8/19/2008 BISHOP COMPANY, INC. TEMP NO PRKG SIGNS PRUNING SAW Ck No 24876 Ck No 24877 Ck No 24878 Ck No 24879 15.90 42.67 85.26 29.23 30.88 20.52 81.22 273.87 71.14 28.45 1248.97 416.03 416.03 20.00 150.00 1101.25 1271.25 7263.00 2495.00 9758.00 80.11 141.44 Page 9 City of Temple City Date:07 /31/08 08/19/08 Check Number Check Date Vendor Name Transaction Description Transaction Amount 24880... 8/19/2008 BISHOP COMPANY, INC. MESH /MISC SUPPLIES 71.59 8/19/2008 BISHOP COMPANY, INC. GLOVES 57.11 Ck No 24880 350.25 24881 8/19/2008 BOOMERS TICKETS -DAY CAMP 575.45 8/19/2008 BOOMERS TICKETS -TEEN ZONE 535.48 8/19/2008 BOOMERS TICKETS -STARS CLUB 675.40 24882 8/19/2008 BSN /PASSON'S /GSC /COLIN SPORTS MINI BASKETBALL GOALS 24883 8/19/2008 CALIFORNIA CONTRACT CITIES ASSOC. ANNUAL DUES FY08 -09 24884 8/19/2008 CAROL LOPEZ RFND- BOOMERS 24885 8/19/2008 CHARLES R. MARTIN CITY MANAGER -AUG 24886 8/19/2008 CHEF'S CATERING FOOD -LAW ENF MTG /AUG 24887 8/19/2008 CITY OF TEMPLE CITY CONTR- 08/01/08 Ck No 24881 1786.33 1000.36 Ck No 24882 1000.36 2912.00 Ck No 24883 2912.00 30.00 Ck No 24884 30.00 4029.00 Ck No 24885 4029.00 160.75 Ck No 24886 160.75 374.45 Page 10 City of Temple City Date:07 /31/08 08/19/08 Check Number Check Date Vendor Name 24888 8/19/2008 CITY OF TEMPLE CITY -PETTY CASH 24889 8/19/2008 COOK EQUIPMENT CO. Transaction Description REPL -PETTY CASH /CC TRACTOR SERVICING 24890 8/19/2008 D & J FOOTHILL ELECTRIC CONTRACTORS RPR LIGHTING -TCP 24891 8/19/2008 DATA TICKET, INC. 24892 8/19/2008 DELTA DISTRIBUTING 24893 8/19/2008 8/19/2008 8/19/2008 8/19/2008 DISNEYLAND RESORT DISNEYLAND RESORT DISNEYLAND RESORT DISNEYLAND RESORT 24894 8/19/2008 DO MAR DATA PROC -JUL JANITORIAL SUPPLIES 40 TICKETS -DAY CAMP 2 TICKETS -STARS STAFF 60 TICKETS/TEEN,STARS 2 TICK -DAY CAMP STAFF INSTR - KARATE Transaction Amount Ck No 24887 374.45 226.73 Ck No 24888 226.73 667.07 Ck No 24889 667.07 1135.86 Ck No 24890 1135.86 42.70 Ck No 24891 42.70 666.61 Ck No 24892 666.61 2080.00 104.00 3120.00 104.00 Ck No 24893 5408.00 463.05 Ck No 24894 463.05 Page 11 City of Temple City 08/19/08 Date:07 /31 /08 Check Number Check Date Vendor Name 24895 8/19/2008 ELITE SCHOOL SERVICES 8/19/2008 ELITE SCHOOL SERVICES 8/19/2008 ELITE SCHOOL SERVICES 24896 8/19/2008 FANG LIU 24897 8/19/2008 FANNY HUANG 24898 8/19/2008 GAIL YUKAWA 24899 8/19/2008 GENERAL ELECTRIC CAPITAL 24900 8/19/2008 HASSINA PANTAZIS 8/19/2008 HASSINA PANTAZIS 24901 8/19/2008 HILDA AL -HAKIM 8/19/2008 HILDA AL -HAKIM 8/19/2008 HILDA AL -HAKIM 8/19/2008 HILDA AL -HAKIM Transaction Description BUS -L.A. ZOO /SMR CAMP BUSSES - CORONA DEL MAR BUSSES - RAGING WATERS F &S -CCAPA CONF /HOLLYW RFND -SWIM LESSON INSTR- ENGLISH CONV. SHARP /CH- AUG /SEP INSTR -BELLY DANCE INSTR -KIDS FITNESS INSTR- DESSERT COOKING INSTR - ARABIC INSTR- CROCHET /NEEDLEP INSTR- VEGETARIAN COOK Transaction Amount 800.00 900.00 850.00 Ck No 24895 2550.00 238.37 Ck No 24896 238.37 25.00 Ck No 24897 25.00 323.40 Ck No 24898 323.40 540.17 Ck No 24899 540.17 127.40 73.50 Ck No 24900 200.90 70.00 47.60 90.30 227.50 Page 12 City of Temple City Date:07 /31/08 08/19/08 Check Number Check Date Vendor Name Transaction Description Transaction Amount 24902 8/19/2008 HNDZ PROJECT MANAGEMENT 24903 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 HOME DEPOT /GECF HOME DEPOT /GECF HOME DEPOT /GECF HOME DEPOT /GECF HOME DEPOT /GECF HOME DEPOT /GECF 24904 8/19/2008 HSIAO -TUNG CHANG . 24905 8/19/2008 INLAND EMPIRE STAGES LIMITED 8/19/2008 INLAND EMPIRE STAGES LIMITED 24906 8/19/2008 J. HAROLD MITCHELL CO. INC. 8/19/2008 J. HAROLD MITCHELL CO. INC. 24907 8/19/2008 JENNIFER WONG 8/19/2008 JENNIFER WONG CONSULT 07/1 -07/31 MISC SUPPLIES MISC SUPPLIES ELECTRICAL SUPPLIES STAPLE GUN/TAPE /HMR ELECTRICAL SUPPLIES MISC SUPPLIES INSTR- LINE /FOLK DANCE BUS - VENTURA LUNCH /CRUISE - VENTURA MISC SUPPLIES IRRIGATION SUPPLIES INSTR - KINDERGYM I N STR- GYMNASTICS Ck No 24901 435.40 1397.53 Ck No 24902 1397.53. 63.87 5.92 43.80 149.27 44.91 22.66 Ck No 24903 330.43 717.50 Ck No 24904 717.50 1034.00 2024.00 Ck No 24905 3058.00 93.11 164.86 Ck No 24906 257.97 784.00 1752.80 Page 13 City of Temple City Date:07 /31/08 08/19/08 Check Number Check Date Vendor Name 24907... 8/19/2008 JENNIFER WONG 8/19/2008 JENNIFER WONG 8/19/2008 JENNIFER WONG 24908 24909 8/19/2008 JIAPING CHE 8/19/2008 JIM SEARING 24910 8/19/2008 JIM'S PLANT TAJA 8/19/2008 JIM'S PLANT TAJA 8/19/2008 JIM'S PLANT TAJA 24911 8/19/2008 JOSEPH LAMBERT 24912 8/19/2008 KENDRA KERTSON 8/19/2008 KENDRA KERTSON Transaction Description INSTR -KIDS KITCHEN INSTR- COOKING INSTR -JU JITSU /KARATE INSTR- VIOLIN CONCERT - 09/03/08 PLANT MTNC /LOP -JUL PLANT MTNC /CC -JUL PLANT MTNC /CH -JUL F &S -CCAPA CONF /HOLLYW INSTR - BALLET/TAP INSTR -HIP HOP /JAZZ 24913 8/19/2008 L.A. COUNTY METROPOLITAN AUTHORITY BUS TOKENS 8/19/2008 L.A. COUNTY METROPOLITAN AUTHORITY BUS PASSES -AUG 8/19/2008 L.A. COUNTY METROPOLITAN AUTHORITY BUS PASSES -AUG Transaction Amount 541.80 120.40 483.00 Ck No 24907 3682.00 332.50 Ck No 24908 332.50 1200.00 Ck No 24909 1200.00 65.00 32.00 80.00 Ck No 24910 177.00 238.37 Ck No 24911 238.37 959.00 197.40 Ck No 24912 1156.40 6250.00 11896.00 144.00 Page 14 City of Temple City Date:07 /31/08 08/19/08 Check Number Check Date Vendor Name Transaction Description Transaction Amount 18290.00 24914 8/19/2008 LEWIS SAW & LAWNMOWER INC. 8/19/2008 LEWIS SAW & LAWNMOWER INC. 8/19/2008 LEWIS SAW & LAWNMOWER INC. 8/19/2008 LEWIS SAW & LAWNMOWER INC. 24915 8/19/2008 LOU'S T & K 8/19/2008 LOU'S T & K 24916 8/19/2008 LOUISA MOLINA 24917 8/19/2008 LUCILLE T. DE THOMAS 24918 8/19/2008 MARIA PARTIDA 24919 8/19/2008 MARY WU 24920 8/19/2008 MAYER HOFFMAN MCCANN P C LAWNMOWER MTNC LAWNMOWER MTNC 24" STEEL CHAINSAW LAWNMOWER/BLADE OIL DUPLICATE KEYS -LOP DUPLIC KEYS - STORAGE I N STR -YOGA INSTR -OIL PAINTING RFND- SECURITY DPST RFND -SELF DEFENSE SNGL AUDIT /GPFS PREP Ck No 24913 64.72 134.12 660.27 60.51 Ck No 24914 919.62 7.04 7.04 Ck No 24915 14.08 189.00 Ck No 24916 189.00 220.50 Ck No 24917 220.50 100.00 Ck No 24918 100.00 71.00 Ck No 24919 71.00 1000.00 Page 15 City of Temple City Date:07 /31/08 08/19/08 Check Number Check Date Vendor Name Transaction Description Transaction Amount Ck. No 24920 1000.00 24921 8/19/2008 MERCURY MAILING PARKING CITATIONS 1596.68 Ck No 24921 1596.68 24922 8/19/2008 MICHAEL B. APPLEBY INSTR -YOGA 656.25 Ck No 24922 656.25 24923 8/19/2008 MISSION LINEN & UNIFORM PS MANAGER - 07/24/08 9.10 8/19/2008 MISSION LINEN & UNIFORM TREE CREW- 07/24/08 17.66 8/19/2008 MISSION LINEN & UNIFORM MTNC CREW- 07/24/08 17.65 8/19/2008 MISSION LINEN & UNIFORM RUGS - 07/31/08 19.29 8/19/2008 MISSION LINEN & UNIFORM PANTS REPLACEMENT -RC 4.85 8/19/2008 MISSION LINEN & UNIFORM PS MANAGER - 07/31/08 9.09 8/19/2008 MISSION LINEN & UNIFORM RUGS - 07/31/08 12.31 8/19/2008 MISSION LINEN & UNIFORM TREE CREW- 07/31/08 17.66 8/19/2008 MISSION LINEN & UNIFORM MTNC CREW- 07/31/08 17.65 8/19/2008 MISSION LINEN & UNIFORM RUGS - 07/31/08 12.31 24924 8/19/2008 MO CHI SASIAN YAU INSTR -TAI CHI /QI KUNG Ck No 24923 137.57 357.00 Ck No 24924 357.00 24925 8/19/2008 NANCY HELLMAN RFND DEP- MONTEREY BAY 75.00 Ck No 24925 75.00 Page 16 City of Temple City Date:07 /31/08 08/19/08 Check Number Check Date Vendor Name 24926 8/19/2008 OFFICE DEPOT CARD PLAN 8/19/2008 OFFICE DEPOT CARD PLAN 24927 8/19/2008 OFFICEMAX CONTRACT INC 8/19/2008 OFFICEMAX CONTRACT INC 24928 8/19/2008 ONTARIO REFRIGERATION 8/19/2008 ONTARIO REFRIGERATION 24929 8/19/2008 PLUMBING WHOLESALE OUTLET INC 24930 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 POST ALARM SYSTEMS POST ALARM SYSTEMS POST ALARM SYSTEMS POST ALARM SYSTEMS POST ALARM SYSTEMS POST ALARM SYSTEMS POST ALARM SYSTEMS POST ALARM SYSTEMS POST ALARM SYSTEMS POST ALARM SYSTEMS Transaction Description CALCULATOR /OFF SUPL STAMP CALCULATOR REPORT COVERS HVAC REPAIR -EOC HVAC REPAIR -FIN DEPT MISC SUPPLIES RPR /ALARM SYSTEM -LOP ALARM MONITOR /CH -SEP ALARM MONITOR /CY -SEP ALARM MONITOR /CC -SEP ALARM SRVC /LOP -SEP ALARM MONITOR /LOP -SEP LATE FEE- INV #S27358 VIDEO SURV /LOP -SEP FIRE MONITOR /LOP -SEP FIRE SRVC /LOP -SEP Transaction Amount 72.48 6.48 Ck No 24926 78.96 11.20 21.75 Ck No 24927 Ck No 24928 Ck No 24929 32.95 674.00 388.00 1062.00 51.07 51.07 95.00 57.00 57.00 57.00 25.00 32.00 5.00 110.00 61.95 25.00 Page 17 City of Temple City Date:07 /31/08 08/19/08 Check Number Check Date Vendor Name Transaction Description Transaction Amount Ck No 24930 524.95 24931 8/19/2008 POTE PIGULSAWAS REFUND -SWIM LESSON 25.00 Ck No 24931 25.00 24932 8/19/2008 PURCHASE POWER METER RENTAL- AUG /NOV 259.80 Ck No 24932 259.80 24933 8/19/2008 QUILL PAPER TRIMMER 64.29 8/19/2008 QUILL SELF -STICK NOTES 26.27 Ck No 24933 90.56 24934 8/19/2008 RELIABLE ENVIRONMENTAL SERVICES INC PUMP GREASE TRAP -LOP 575.00 24935 8/19/2008 RICHARD WYGAND 24936 8/19/2008 ROBERT WONG INSTR - WRITING 7 -9 GRD I NSTR /J U -J ITSU 8/19/2008 ROBERT WONG INSTR- JAPANESE SWORD 24937 8/19/2008 ROCCO SANELLO 24938 8/19/2008 SAM'S CLUB DIRECT RFND -ANNL PRKG PERMIT SHAPE UP /DAY CAMP Ck No 24934 575.00 350.00 Ck No 24935 350.00 48.30 50.40 Ck No 24936 98.70 46.00 Ck No 24937 46.00 227.24 Page 18 City of Temple City Date:07 /31/08. 08/19/08 Check Number Check Date Vendor Name Transaction Description Transaction Amount 24938... 8/19/2008 SAM'S CLUB DIRECT SUPUCAMP- A- PALOOZA 374.82 Ck No 24938 602.06 24939 8/19/2008 SAN GABRIEL VALLEY NEWSPAPER GROUP SEALED BID -LOP SNK BR 387.26 Ck No 24939 387.26 24940 8/19/2008 SARAH NICHOLS INSTR -TOT'S REC 1575.00 Ck No 24940 1575.00 24941 8/19/2008 SCOTTY'S BRAKE & MUFFLER TIRE REPAIR - #107 20.00 Ck No 24941 20.00 24942 8/19/2008 SEE -M01 RANGSIPAT INSTR- AEROBICS 955.50 Ck No 24942 955.50 24943 8/19/2008 SELECT OFFICE SOLUTIONS SHIPPING - TONERS 10.00 8/19/2008 SELECT OFFICE SOLUTIONS SHIPPING - TONERS 10.00 8/19/2008 SELECT OFFICE SOLUTIONS SHARP /LOP -SEP 178.39 8/19/2008 SELECT OFFICE SOLUTIONS SHIPPING- TONERS -10.00 8/19/2008 SELECT OFFICE SOLUTIONS SHIPPING- TONERS -10.00 8/19/2008 SELECT OFFICE SOLUTIONS SHARP /LOP -SEP - 178.39 24944 8/19/2008 SERVICEPRO PEST MANAGEMENT CO. PEST CONTROUCC -JUL 8/19/2008 SERVICEPRO PEST MANAGEMENT CO. PEST CONTROULOP -JUL 8/19/2008 SERVICEPRO PEST MANAGEMENT CO. PEST CONTROUCC -AUG Ck No 24943 0.00 175.00 86.00 175.00 Page 19 City of Temple City Date:07 /31/08 08/19/08 Check Number Check Date Vendor Name Transaction Description Transaction Amount Ck No 24944 436.00 24945 8/19/2008 SHILPA SHAH RFND -SWIM LESSON 25.00 Ck No 24945 25.00 24946 8/19/2008 SIRRIS ABATEMENT LEAD ABTMNT /HWP -120 375.00 Ck No 24946 375.00 24948 8/19/2008 SMART & FINAL SUPL- MOVIES IN PARK 7.58 8/19/2008 SMART & FINAL SUPL- MOVIES IN PARK 205.85 8/19/2008 SMART & FINAL SUPL -TEEN ZONE 80.00 8/19/2008 SMART & FINAL SHAPE UP /CONCERTS 9.19 8/19/2008 SMART & FINAL SHAPE UP /STARS CLUB 69.19 8/19/2008 SMART & FINAL SUPL -DRILL TEAM 54.76 8/19/2008 SMART & FINAL CREDIT /CAMP -A- PALOOZA - 139.90 8/19/2008 SMART & FINAL SUPL /CAMP -A- PALOOZA 135.01 8/19/2008 SMART & FINAL SUPUCAMP -A- PALOOZA 314.85 8/19/2008 SMART & FINAL SUPUCAMP -A- PALOOZA 32.38 8/19/2008 SMART & FINAL SUPL -STARS CLUB 104.01 8/19/2008 SMART & FINAL SUPL -TEEN ZONE 104.00 8/19/2008 SMART & FINAL SUPL -DAY CAMP 104.01 8/19/2008 SMART & FINAL SUPL -TEEN ZONE 63.82 8/19/2008 SMART & FINAL SHAPE UP /CONCERTS 30.30 8/19/2008 SMART & FINAL SUPUCAMP -A- PALOOZA 208.55 8/19/2008 SMART & FINAL SUPL -DAY CAMP 80.19 8/19/2008 SMART & FINAL SUPL -STARS CLUB 80.10 Page 20 City of Temple City Date :07 /31/08 08/19/08 Check Number Check Date 24948... 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 24949 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 Vendor Name SMART & FINAL SMART & FINAL SMART & FINAL SMART & FINAL SMART & FINAL SMART & FINAL SMART & FINAL SOUTHERN CALIFORNIA GAS CO. SOUTHERN CALIFORNIA GAS CO. SOUTHERN CALIFORNIA GAS CO. SOUTHERN CALIFORNIA GAS CO. SOUTHERN CALIFORNIA GAS CO. SOUTHERN CALIFORNIA GAS CO. SOUTHERN CALIFORNIA GAS CO. 24950 8/19/2008 STAR MAINTENANCE SUPPLY CO. 8/19/2008 STAR MAINTENANCE SUPPLY CO. 24951 8/19/2008 STEFANIE AGUILAR 24952 8/19/2008 STEVEN WONG Transaction Description SUPL -TEEN ZONE SUPL -STARS CLUB SHAPE UP/TEEN ZONE SHAPE UP /STARS CLUB SHAPE UP /DAY CAMP SHAPE UP /DAY CAMP SUPUCAMP -A- PALOOZA CNG USG -JUL CNG USG -JUL CNG USG -JUL CNG USG -JUL CNG USG -JUL CNG USG -JUL CNG USG -JUL SOAP DISP -LOP JANITORIAL SUPPLIES REIM B /CAM P -A- PALOOZA INSTR- LITTLE KICKERS Transaction Amount 82.76 113.40 95.90 122.97 53.55 136.83 464.98 Ck No 24948 Ck No 24949 Ck No 24950 Ck No 24951 2614.28 111.81 223.62 223.63 111.81 111.81 335.43 111.82 1229.93 43.19 207.30 250.49 61.00 61.00 182.00 Page 21 City of Temple City Date:07 /31/08 08/19/08 Check Number Check Date Vendor. Name Transaction Description Transaction Amount 24954 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY SUNNYSLOPE WATER COMPANY WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL WATER USG - JUN /JUL Ck No 24952 182.00 135.22 115.98 115.98 61.32 87.23 62.00 154.54 54.81 82.72 159.06 1548.62 133.04 47.37 330.58 139.04 21.56 247.94 91.68 142.52 79.84 87.24 168.64 110.92 119.80 Page 22 City of Temple City Date:07 /31/08 08/19/08 Check Number Check Date Vendor Name 24954... 8/19/2008 SUNNYSLOPE WATER COMPANY 8/19/2008 SUNNYSLOPE WATER COMPANY 24955 8/19/2008 TEMPLE CITY AUTO PARTS 24956 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 8/19/2008 THE SAUCE CREATIVE SERVICES THE SAUCE CREATIVE SERVICES THE SAUCE CREATIVE SERVICES THE SAUCE CREATIVE SERVICES THE SAUCE CREATIVE SERVICES THE SAUCE CREATIVE SERVICES 24957 8/19/2008 TIM PAWLEY 24958 8/19/2008 TRINA DOMINO 24959 8/19/2008 U.S. POSTAL SERVICE /MASTER 24960 8/19/2008 UNDERGROUND SERVICE ALERT Transaction Description WATER USG - JUN /JUL WATER USG - JUN /JUL BRAKE /PWR STEER FLUID FLYER - SWIMMING PRGM LOGO /FLYER -SMR CAMP FLYER -STARS CLUB FLYER -TEEN ZONE FLYER - MOVIES IN PARK LOGO /FLYER -CAM P -A -PAL INSTR- TENNIS REF - KNOTTS BERRY FARM FALL NEWSLETTER SRVC ALERT PRGM -JUL2 Transaction Amount 133.12 122.76 Ck No 24954 4553.53 13.63 Ck No 24955 13.63 100.00 325.00 100.00 100.00 100.00 325.00 Ck No 24956 1050.00 2609.25 Ck No 24957 2609.25 30.00 Ck No 24958 30.00 1950.00 Ck No 24959 1950.00 91.50 Page 23 City of Temple City 08/19/08 Date:07 /31 /08 Check. Number Check Date Vendor Name Transaction Description 24961 8/19/2008 UNITED WAY CAMPAIGN CONTR- 08/01/08 24962 8/19/2008 VEN TEK INTERNATIONAL TEMP PRKG HOSTING -AUG 24963 8/19/2008 VIRGINIA MORROW INSTR- BALLROOM DANCE 24964 8/19/2008 WEST PAYMENT CENTER CA CODE BOOKS 24965 8/19/2008 SELECT OFFICE SOLUTIONS RPL CK #24943 - TONERS 8/19/2008 SELECT OFFICE SOLUTIONS RPL CK #24943 - TONERS 24966 8/19/2008 SHARP ELECTRONICS CAPITAL SHARP /LOP -SEP Transaction Amount Ck No 24960 91.50 34.25 Ck No 24961 34.25 70.00 Ck No 24962 70.00 699.30 Ck No 24963 699.30 142.88 Ck No 24964 142.88 10.00 10.00 Ck No 24965 20.00 178.39 Ck No 24966 178.39 $141,680.69 Page 24 1 CITY OF TEMPLE CITY STATEMENT OF INVESTMENT POLICY (AMENDED) 1 ATTACHMENT A CITY OF TEMPLE CITY STATEMENT OF INVESTMENT POLICY I. PURPOSE II. OBJECTIVE III. SCOPE IV. STANDARDS OF CARE 1. PRUDENCE 2. DELEGATION OF AUTHORITY V. INTERNAL CONTROLS VI. SUITABLE AND AUTHORIZED INVESTMENTS VII. REPORTING METHODS VIII. POLICY CONSTRAINTS 1. CITY CONSTRAINTS 2. LEGAL CONSTRAINTS IX. POLICY REVIEW 1 1 1 1 1 CITY OF TEMPLE CITY STATEMENT OF INVESTMENT POLICY PURPOSE This statement is intended to provide a guideline for the prudent investment of temporary idle cash, trust funds and restricted monies and to outline a policy for maximizing the efficiency of the cash management system. Ultimate investment goal is the protection of cash investments. IL OBJECTIVE The cash management system of the City of Temple City is designed to accurately monitor and forecast expenditures and revenues, thus insuring the investment of monies to the fullest extent possible. Attempts to obtain highest interest yields possible are a statement of fact as long as investments meet the criteria required for safety and liquidity. III. SCOPE This investment policy applies to activities of the City with regard to investing the financial assets of all funds, including the following: General Fund, Special Revenue Funds, Assessment Funds, Internal Service Funds, Capital Projects Funds, Debt Service Funds, Reserve Funds, Trust and Agency Funds, and any other Funds that may be created from time to time. IV. STANDARDS OF CARE 1. PRUDENCE The standard of prudence to be used by investment officials shall be the "prudent investor" standard as set forth in Section 53600.3 of the California Government Code, which states in part that, "When investing, reinvesting, purchasing, acquiring, exchanging, selling, and managing public funds, a trustee shall act with care, skill, prudence, and diligence under the circumstances then prevailing, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the Agency ". The prudent investor standard shall be applied in the context of managing the overall portfolio. 2. DELEGATION OF AUTHORITY The authority to manage and operate the investment program is granted to the Treasurer pursuant to Section 53607 of the California Government Code. Individuals who may execute investment transactions are those positions who are authorized signatures for warrants and checks or those persons designated as a Deputy City Treasurer by the City Treasurer. No other persons are authorized to execute an investment transaction. STATEMENT OF INVESTMENT POLICY PAGE 2 V. INTERNAL CONTROLS The Treasurer is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the entity are protected from Toss, theft or misuse. The Treasurer shall establish the investment functions so that specific responsibility for the performance of duties and segregation of duties are assigned with a clear line. The functions of authorizing, recording transactions, and performing reconciliations are handled by separate persons to reduce the risk that a person is in a position to conceal errors or fraud in the normal course of duty. The current segregation of duties are as follows: Function Responsibility Develop formal investment policy Treasurer Review formal investment policy City's Auditing Firm Adopt formal investment policy City Council Execute investment transactions Treasurer (the above signer as well as one of signers listed below) Deputy City Treasurer, City Manager, City Attorney Investment verification and recordation Financial Services Manager Reconcile investment records to bank statements Accountant While no internal control system, however elaborate, can guarantee absolute assurance that the City's assets are safeguarded, it is the intent of the City's internal control system to provide reasonable assurance that management of the investment function meets the City's objectives. These internal controls shall be reviewed annually by the independent auditor. STATEMENT OF INVESTMENT POLICY 1 1 1 PAGE 3 VI. SUITABLE AND AUTHORIZED INVESTMENTS The California Government Code (Section 53601 and 53635) allows the City to invest in the following instruments: CGC Section Investment Type Maximum Maturity Authorized Limit ( %) Required Rating 53601(a) Local Agency Bonds 5 years None None 53601(b) U.S. Treasury Obligations 5 years None None 53601(c) State of California Obligations 5 years None None 53601(d) CA Local Agency Obligations 5 years None None 53601(e) U.S. Agencies 5 years None None 53601(0 Bankers Acceptances* 180 days 40% Fed Reserve Eligible 53601(g) Commercial Paper ** 270 days 25% A1/P1 Rating 53601(h) Negotiable Certificates of Deposit 5 years 30% None 53601(i) Repurchase Agreements 1 year None None 53601(i) Reverse Repurchase Agreements * ** 92 days 20% of base None 536010) Medium Term Notes 5 years 30% A rating 53601(k) Mutual Funds * * ** N/A 20% Multiple 53601(k) Money Market Funds N/A 20% Multiple 53601(m) Collateralized Bank Deposits 5 years None None 53601(n) Mortgage Pass - Through Securities 5 years 20% AA Rating 53601(d) Local Agency Investment Fund (LAIF) N/A None None 53601(d) County Pooled Investment Funds N/A None None 53635 Time Deposits 5 years None None * * * ** No more than 30% of surplus funds may be invested in Bankers Acceptances of any one commercial bank. Commercial paper issuers must be U.S. Corporations with $500 million plus in assets. Purchases may not represent more than 10% of outstanding paper of an issuing corporation. Reverse Repurchase Agreements must be made with primary dealers of the Federal Reserve Bank of New York and the securities used for the agreement must have been held by the issuer for at least 30 days. No more than 10% of an agency's surplus funds may be invested in any one mutual fund. STATEMENT OF INVESTMENT POLICY PAGE 4 For Fiscal Year 2008 -2009, the City of Temple City is limiting its purchase of investments to the following vehicles: • LAIF (Local Agency Investment Fund) - a special fund in the State Treasury which local agencies may use to deposit funds for investment. There is no minimum investment period and the minimum transaction is $5,000, in multiples of $1,000 above that, with a maximum balance of $40,000,000 as of January 1, 2002 for any agency. However, any investment with LAIF must comply with other self- imposed restrictions as specified in this Investment Policy. The City is restricted to a maximum of fifteen transactions per month. It offers high liquidity because deposits can be converted to cash in twenty -four hours and no interest is lost. All interest is distributed to those agencies participating on a proportionate share basis determined by the amounts deposited and the length of time they are deposited. Interest is paid quarterly. The State retains an amount for reasonable costs of making the investments, not to exceed one -half of one percent of the earnings. The interest rates are fairly high because of pooling the State's surplus cash with the surplus cash deposited. This creates a multi - billion dollar money pool and allows diversified investments. In a high interest rate market, the City does better than LAIF, but in times of low interest rates, LAIF yields are higher. The City continually invests in the Local Agency Investment Fund. • Certificates of Deposit - time deposits of a bank or savings and loan. They are purchased in various denominations with maturities ranging from 30 days to 360 -days 24 months. The interest is calculated on a 360 -day basis and is payable monthly, semi - annually, or at maturity in case of short term CD's. • Passbook Savings Account - a certificate of deposit issued in any amount for a non specified amount of time. Interest rate, is much lower than CD's but the savings account allows flexibility. Funds can be deposited and withdrawn according to daily needs. • Interest Bearing Checking Accounts - a checking account which receives revenues and pays disbursements. Interest earned can be paid to the local jurisdictions on a regular basis or left in the account to offset the fees for monthly services. • Money Market Mutual Funds referred to in the California Government Code Section 53601 (k) as shares of beneficial interest issued by diversified management companies investing in securities authorized by Section 53601 (a) to (I) inclusive. Money Market Mutual Funds must have an average maturity of 90 days or Tess, per SEC regulations. 1 1 1 STATEMENT OF INVESTMENT POLICY PAGE5 • U.S. Treasuries — Debt instruments issued directly by the United States Government. These instruments are of highest credit quality and payment of principal and interest are backed by the full faith and credit of the United States Government. • U.S Agencies — Debt instruments issued by the various federally chartered agencies. These instruments are also of the highest credit quality. VII. REPORTING METHODS The Treasurer shall prepare a quarterly investment report as required by Section 53646 of the California Government Code which provides a clear picture of the status of the current investment portfolio. The report should be provided to the City Manager and legislative body. The report should include the following: a) Type of investment b) Institution or issuer c) Date of Maturity d) Amount of deposit or cost of security e) Current market value of securities and source of market value f) State that there are sufficient funds to meet the next 6 months' obligations or provide an explanation as to why sufficient monies shall or may not be available. g) State that investments are in compliance with the City's investment policy or manner in which the portfolio is not in compliance Effective January 1, 2001 the City shall submit copies of its second and fourth quarter reports to the California Debt and Investment Advisory Commission within 60 days after the close of the second and fourth quarters of each calendar year. If the City has maintained 100 percent of its investments portfolio during the entire reporting period with the Local Agency Investment Fund, it will be required to file with the commission a certification within 60 days of the end of the second and fourth quarters of the calendars year stating the distribution and amount of its investment portfolio instead of submitting copies of its second and fourth quarter reports. STATEMENT OF INVESTMENT POLICY PAGE 6 VIII. POLICY CONSTRAINTS 1. CITY CONSTRAINTS The City of Temple City operates its pooled idle cash investments under the Prudent Investor Standard. The Treasurer will evaluate local banks and savings institutions and may invest idle cash funds with such institutions when the criteria for prudent investment previously stated are met. The City operates its investment pool according to State and self- imposed constraints. It does not buy stocks; it does not speculate; it does not deal in futures or options. It does not purchase or sell securities on margins or invest in derivative type investments such as inverse floaters, range notes or interest only strips derived from a pool of mortgage as prohibited under Section 53601.6 of the California Government Code. Any investment extending beyond a five -year period requires prior City Council approval. 2. LEGAL CONSTRAINTS Surplus funds must be deposited in State or national banks, State or Federal savings association or State or Federal credit unions within the State of California. The deposits cannot exceed the amount of the bank's or savings and loan's paid -up capital and surplus. The bank or savings and loan must secure public funds deposits with eligible securities having a market value of 110% of the total amount of the deposits. State law also allows as an eligible security, first trust deeds having a value of 150% of the total amount of the deposits. IX. POLICY REVIEW As required by Section 53646 of the California Government Code, this Statement of Investment Policy shall be reviewed at least annually as a public meeting of .the City Council to ensure its consistency with the overall objectives of preservation of principal, liquidity and return, and its relevance to current law, financial and economic trends. 1