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HomeMy WebLinkAbout2020.10.06 Agenda Packet - Regular Meeting City Council Agenda Tuesday, October 6, 2020 6:30 PM PUBLIC ADVISORY: Consistent with the Governor’s latest Executive Order to Stay at Home, avoid gatherings and maintain social distancing, the regular meeting portion of the agenda will be conducted telephonically and Members of the City Council and staff will be participating via Teleconference. There will be no physical meeting location for the regular meeting. How to Observe the Meeting: To maximize public safety while still maintaining transparency and public access, members of the public can observe the meeting by calling +1 (91 4) 614-3221, Attendee Access Code: 772- 975-827 or by visiting https://attendee.gotowebinar.com/register/4641767967038074896 . How to Submit Public Comment: Members of the public may provide public comment by sending written comments to the City Clerk by email at cityclerk@DiamondBarCA.gov by 5:30 p.m. on the day of the meeting. Please indicate in the Subject Line “FOR PUBLIC COMMENT.” Written comments will be distributed to the Council Members and read into the record at the meeting, up to a maximum of five minutes. Alternatively, public comment may be submitted by logging onto the meeting through this link: https://attendee.gotowebinar.com/register/4641767967038074896. Members of the public will be called upon one at a time during the Public Comment portion of the agend a, and will be asked to state their name and agenda item they wish to comment on. Speakers are limited to five minutes per agenda item, unless the Mayor determines otherwise. American Disability Act Accommodations: Pursuant to the Executive Order, and in compliance with the Americans with Disabilities Act, if you need special assistance to participate in the Council Meeting, please contact the City Clerk’s Office (909) 839-7010 within 72 hours of the meeting. City Council video recordings with transcription will be available upon request the day following the Council Meeting. The City of Diamond Bar thanks you in advance for taking all precautions to prevent spreading the COVID-19 virus. STEVE TYE Mayor NANCY A. LYONS Mayor Pro Tem ANDREW CHOU Council Member RUTH M. LOW Council Member JENNIFER "FRED" MAHLKE Council Member City Manager Dan Fox • City Attorney David DeBerry • City Clerk Kristina Santana DIAMOND BAR CITY COUNCIL MEETING RULES Welcome to the meeting of the Diamond Bar City Council. Meetings are open to the public and are broadcast on Spectrum Cable Channel 3 and Frontier FiOS television Channel 47. You are invited to attend and participate. Copies of staff reports or other written documentation relating to agenda items are on file and available for public inspection by contacting the Office of the City Clerk. If requested, the agenda will be made available in an alternative format to a person with disability as required by Section 202 of the Americans with Disabilities Act of 1990. If you have questions regarding an agenda item, please contact the City Clerk at (909) 839-7010 during regular business hours. PUBLIC INPUT Members of the public may address the Council on any item of business on the agenda during the time the item is taken up by the Council. In addition, members of the public may, during the Public Comment period address the Council on any Consent Calendar item or any matter not on the agenda and within the Council’s subject matter jurisdiction. Any material to be submitted to the City Council at the meeting should be submitted through the City Clerk. Speakers are limited to five minutes per agenda item, unless the Mayor determines otherwise. The Mayor may adjust this time limit depending on the number of people wishing to speak, the complexity of the matter, the length of the agenda, the hour and any other relevant consideration. Speakers may address the Council only once on an agenda item, except during public hearings, when the applicant/appellant may be afforded a rebuttal. Public comments must be directed to the City Council. Behavior that disrupts the orderly conduct of the meeting may result in the speaker being removed from the meeting. INFORMATION RELATING TO AGENDAS AND ACTIONS OF THE COUNCIL Agendas for regular City Council meetings are available 72 hours prior to the meeting and are posted in the City’s regular posting locations, on DBTV Channel 3, Spectrum Cable Channel 3, Frontier FiOS television Channel 47 and on the City’s website at www.diamondbarca.gov. The City Council may take action on any item listed on the agenda. HELPFUL PHONE NUMBERS Copies of agendas, rules of the Council, Video of meetings: (909) 839-7010 Computer access to agendas: www.diamondbarca.gov General information: (909) 839-7000 Written materials distributed to the City Council within 72 hours of the City Council meeting are available for public inspection immediately upon distribution in the City Clerk’s Office at 21810 Copley Dr., Diamond Bar, California, during normal business hours. THIS MEETING IS BEING VIDEO RECORDED AND BY PARTICIPATING VIA TELECONFERENCE, YOU ARE GIVING YOUR PERMISSION TO BE TELEVISED. THIS MEETING WILL BE RE-BROADCAST EVERY SATURDAY AND SUNDAY AT 9:00 A.M. AND ALTERNATE TUESDAYS AT 8:00 P.M. AND IS ALSO AVAILABLE FOR LIVE VIEWING AT HTTPS://ATTENDEE.GOTOWEBINAR.COM/REGISTER/4641767967038074896 and ARCHIVED VIEWING ON THE CITY’S WEB SITE AT WWW.DIAMONDBARCA.GOV. CITY OF DIAMOND BAR CITY COUNCIL AGENDA October 06, 2020 CALL TO ORDER: 6:30 p.m. PLEDGE OF ALLEGIANCE: Mayor ROLL CALL: Chou, Low, Mahlke, Mayor Pro Tem Lyons, Mayor Tye APPROVAL OF AGENDA: Mayor 1. SPECIAL PRESENTATIONS, CERTIFICATES, PROCLAMATIONS: 1.1 Regional Chamber of Commerce – San Gabriel Valley Annual Report 1.2 Diamond Bar Restaurant Week Video 2. CITY MANAGER REPORTS AND RECOMMENDATIONS: 3. PUBLIC COMMENTS: "Public Comments" is the time reserved on each regular meeting agenda to provide an opportunity for members of the public to directly address the Council on Consent Calendar items or other matters of interest not on the agenda that are within the subject matter jurisdiction of the Council. Although the City Council values your comments, pursuant to the Brown Act, members of the City Council or Staff may briefly respond to public comments if necessary, but no extended discussion and no action on such matters may take place. There is a five -minute maximum time limit when addressing the City Council. At this time, the teleconference moderator will ask callers one at a time to give their name and if there is an agenda item number they wish to speak on before providing their comment. If you wish to speak on a public hearing item or council consideration item, you will then be called upon to speak at that point in the agenda. OCTOBER 6, 2020 PAGE 2 4. CONSENT CALENDAR: All items listed on the Consent Calendar are considered by the City Council to be routine and will be acted on by a single motion unless a Council Member or member of the public request otherwise, in which case, the item will be removed for separate consideration. 4.1 CITY COUNCIL MINUTES OF THE SEPTEMBER 15, 2020 MEETING. 4.1.a September 15, 2020 City Council Minutes Recommended Action: Approve the September 15, 2020 Regular City Council meeting minutes. Requested by: City Clerk 4.2 RATIFICATION OF CHECK REGISTER DATED SEPTEMBER 10, 2020 THROUGH SEPTEMBER 29, 2020 TOTALING $1,053,984.66. Recommended Action: Ratify the Check Register. Requested by: Finance Department 4.3 INVESTMENT POLICY FOR FISCAL YEAR 2020/2021. Recommended Action: Adopt Resolution No. 2020-40 approving the Investment Policy for Fiscal Year 2020/2021. Requested by: Finance Department 5. PUBLIC HEARINGS: 5.1 SECOND READING OF ORDINANCE NO. 02(2020) AMENDING TITLE 15 OF THE DIAMOND BAR MUNICIPAL CODE TO ADOPT BY REFERENCE, TITLE 32, FIRE CODE, OF THE LOS ANGELES COUNTY CODE, AS AMENDED WHICH CONSTITUTES AN AMENDED VERSION OF THE CALIFORNIA FIRE CODE, 2019 EDITION. Recommended Action: Open public hearing to receive public testimony, approve for second reading by title only and waive full reading, and adopt Ordinance No. 02(2020). Requested by: Community Development Department OCTOBER 6, 2020 PAGE 3 6. COUNCIL CONSIDERATION: 6.1 ZONE CHANGE AND DEVELOPMENT REVIEW FOR A NEW SINGLE FAMILY RESIDENCE LOCATED AT 1111 N. DIAMOND BAR BOULEVARD [PLANNING CASE NO. PL2015-253]. Recommended Action: A. Approve for Second Reading by title only, waive full reading, and adopt Ordinance No. 01 (2020) approving the Zone Change application; and B. Adopt Resolution No. 2020-41 denying the Development Review application based on the Findings of Fact contained therein. Requested by: Community Development Department 6.2 FISCAL YEAR 2020-21 APPROPRIATION ADJUSTMENTS FOR GENERAL FUND, SPECIAL REVENUE FUNDS AND CAPITAL PROJECT CARRYOVERS, AND FISCAL YEAR 2019 -20 FINAL ADJUSTMENTS. Recommended Action: A. Approve an appropriation from General Fund reserves of $187,030.40 to carry forward appropriations from FY 2019-20 to FY 2020-21 for previously encumbered goods and services; B. Approve an appropriation from various Special Revenue Funds reserves of $805,212.26 to carry forward appropriations from FY 2019-20 to FY 2020-21 for previously encumbered goods and services; C. Approve an appropriation from Capital Improvement Project Fund reserves in the amount of $498,488.78 to carry forward appropriations from FY 2019-20 to FY 2020-21 for previously encumbered goods and services; C. Carry over the related purchase orders encumbered in FY 2019-20 in the amount of $1,131,053.96 to FY 2020-21; E. Approve various final budget adjustments to FY 2019 -20 for additional appropriations in various accounts including $1,586.43 for the General Fund and $235,467.41 in Spec ial Revenue, Capital Improvement and Internal Service Funds; and F. Authorize staff to pursue a Prop A Exchange with Foothill Transit in an amount up to $800,000 for future consideration by the City Council. OCTOBER 6, 2020 PAGE 4 Requested by: Finance Department 7. COUNCIL SUB-COMMITTEE REPORTS AND MEETING ATTENDANCE REPORTS/COUNCIL MEMBER COMMENTS: 8. ADJOURNMENT: Agenda #: 4.1 Meeting Date: October 6, 2020 TO: Honorable Mayor and Members of the City Council FROM: Daniel Fox, City Manager TITLE: CITY COUNCIL MINUTES OF THE SEPTEMBER 15, 2020 MEETING. STRATEGIC GOAL: Open, Engaged & Responsive Government RECOMMENDATION: Approve the September 15, 2020 Regular City Council meeting minutes. FINANCIAL IMPACT: None. BACKGROUND/DISCUSSION: Minutes have been prepared and are being presented for approval. PREPARED BY: REVIEWED BY: Attachments: 1. 4.1.a September 15, 2020 City Council Minutes 4.1 Packet Pg. 7 CITY OF DIAMOND BAR MINUTES OF THE CITY COUNCIL REGULAR MEETING SEPTEMBER 15, 2020 CALL TO ORDER: Mayor Tye called the Regular City Council meeting to order at 6:45 p.m. Mayor Tye stated that consistent with COVID-19 regulations, all Council Members and staff are participating via teleconference and there is no physical location for public attendance. The Public has been invited to join the meeting online or by phone at the numbers printed on the agenda. PLEDGE OF ALLEGIANCE: Mayor Tye led the Pledge of Allegiance. ROLL CALL: Council Members Ruth Low, Jennifer “Fred” Mahlke, Mayor Pro Tem Nancy Lyons, and Mayor Steve Tye Absent: Council Member Andrew Chou Staff participating telephonically: Dan Fox, City Manager; Dave DeBerry, City Manager; Ryan McLean, Assistant City Manager; Anthony Santos, Assistant to the City Manager; Ryan Wright, Parks and Recreation Manager; David Liu, Public Works Director; Hal Ghafari, Public Works Manager/Assistant City Engineer ; Fabian Aoun, Assistant Engineer; Greg Gubman, Community Development Director; Grace Lee, Senior Planner; Dianna Honeywell, Director of Finance, Amy Haug, Human Resources and Risk Manager; Ken Desforges, Director of Information Services; Marsha Roa, Public Information Manager; Cecilia Arellano, Public Information Coordinator; Christy Murphey, Recreation Superintendent; Raymond Tao, Building Official; Robin Crawford, Administrative Assistant; Kristina Santana, City Clerk APPROVAL OF AGENDA: As submitted. 1. SPECIAL PRESENTATIONS, CERTIFICATES, PROCLAMATIONS: 1.1 Regional Chamber of Commerce – San Gabriel Valley Annual Report – Continued to the Council Meeting of October 6, 2020. 2. CITY MANAGER REPORTS AND RECOMMENDATIONS: CM/Fox invited residents to participate in one of two virtual information meetings regarding the November 3, 2020 sales tax Measure DB. 3. PUBLIC COMMENTS: CC/Santana read the following comments submitted via email: Raphael Plunkett thanked those who participated in the anti -hate caravan event. Beth Pelaez commented on and expressed opposition to Proposition 16. 4.1.a Packet Pg. 8 SEPTEMBER 15, 2020 PAGE 2 CITY COUNCIL Public Comments provided during the meeting: Jacob Wolak, Field Representative/Staff Assistant for Congressman Cisne ros, updated Council on the Congressman’s legislative activities. 4. CONSENT CALENDAR: MPT/Lyons moved, C/Low seconded, to approve the Consent Calendar with the exception of Item 4.5 pulled by Mayor Tye. Motion carried by the following Roll Call vote: AYES: COUNCIL MEMBERS: Low, Mahlke, MPT/Lyons, M/Tye NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: Chou 4.1 APPROVED UPDATED REDLINED CITY COUNCIL MINUTES: 3.1a SEPTEMBER 1, 2020 REGULAR MEETING. 4.2 RATIFIED CHECK REGISTER DATED AUGUST 27, 2020 THROUGH SEPTEMBER 9, 2020 TOTALING $507,197.62. 4.3 APPROVED AGREEMENT WITH THE REGIONAL CHAMBER OF COMMERCE-SAN GABRIEL VALLEY FOR BUSINESS SUPPORT SERVICES THROUGH JUNE, 2021. 4.4 ADOPTED RESOLUTION NO. 2020-39 AMENDING THE CITY’S CONFLICT OF INTEREST CODE FOR DESIGNATED CITY PERSONNEL. ITEMS WITHDRAWN FROM CONSENT CALENDAR: 4.5 AUTHORIZED SUPPORT FOR LEAGUE OF CALIFORNIA CITIES RESOLUTION AT THE 2020 ANNUAL CONFERENCE. M/Tye asked what this resolution means. CM/Fox responded that the resolution is asking Congress to make amendments to regulations related to the Communications Decency Act that would require social media companies to remove materials which promote criminal activities. M/Tye moved, C/Low seconded, to authorize support for League of California Cities Resolution at the 2020 annual conference. AYES: COUNCIL MEMBERS: Low, Mahlke, MPT/Lyons, M/Tye NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: Chou 5. PUBLIC HEARING(S): 4.1.a Packet Pg. 9 SEPTEMBER 15, 2020 PAGE 3 CITY COUNCIL 5.1 ZONE CHANGE AND DEVELOPMENT REVIEW FOR NEW SINGLE FAMILY RESIDENCE LOCATED AT 1111 N. DIAMOND BAR BOULEVARD, DIAMOND BAR (PLANNING CASE NO. PL2015-253.) SP/Lee presented staff’s report. M/Tye opened the Public Hearing. Douglas Barcon suggested Council read the public comment he submitted by email and expressed opposition to this project. CC/Santana read email comments from the following: Adrienne Cotterell opposed the project and rezoning of the property. Her concerns included property access, poor air quality, and how the property will be used and maintained. Susan Mullins opposed the project due to adverse impacts to the residents based on a flawed traffic report and disregard for safety, the loss of natural habitat, improper use of the property, and health hazards during construction. Gerardo Ramirez was concerned about delivery and service companies parking on the street or backing out onto Diamond Bar Boulevard if the driveway is blocked. Robin Smith commented on land speculation and expressed opposition to this project. Chieh Hsu opposed the project due to traffic concerns as well as, noise and air pollution, health concerns, and concerns that this property will be developed for uses other than residential purposes such as a party house rental or short term rental property. Ken Lee, property owner’s representative, reiterated that this has been a long journey for the owner and applicant who have been responsive to community concerns by twice redesigning the project. The Planning Commission did its due diligence with regard to traffic and safety and held to its 4-1 approval. Mr. Lee urged the City Council to please support and approve the project tonight. M/Tye closed the Public Hearing. MPT/Lyons asked staff to address comments that the traffic study should have been done at 60 mph and not 50 mph. SP/Lee responded that the Planning Commission requested a traffic access study and the study evaluated the speed at 50 mph for a vehicle traveling southbound on 4.1.a Packet Pg. 10 SEPTEMBER 15, 2020 PAGE 4 CITY COUNCIL Diamond Bar Boulevard in accordance with industry standards. There were comments that the study should consider speeds as high as 65 and 70 mph. In this case, the applicant’s traffic engineer has reviewed the study and stated there will be adequate sight distance for vehicles traveling at 75 mph to react to a vehicle exiting the project driveway. MPT/Lyons commented that according to the Development Review, in every category the application has met the requirements and she agrees that the proposed project is a much better design and idea than a commercial project. C/Low asked staff to comment on the zoning according to the maps. SP/Lee responded that the current adopted General Plan land use designation is RL which is Low Density Residential. The previous designation was multi-family medium density residential and as part of the General Plan update, the intensity was lowered to Low Densit y Residential (RL), the current General Plan use designation. The current zoning designation is Neighborhood Commercial (C-1) and the proposal proposes to change that to match the current RL designation by changing the zoning to RL for consistency between the General Plan and the Zoning Map. C/Low asked if there was a crosswalk or signal at the Soltaire/Diamond Bar Boulevard intersection and SP/Lee responded that the intersection is not signalized and there is no crosswalk. M/Tye stated that Soltaire is an access only into the neighborhood south of Temple Avenue and east of Diamond Bar Boulevard. C/Low suggested that a “no pedestrian traffic” sign be placed at the Soltaire/Diamond Bar Boulevard intersection. PWD/Liu responded to C/Low that if requested, staff would conduct a field investigation to determine an appropriate recommendation specific to a “no pedestrian crossing” at this un-signalized intersection. C/Low asked for confirmation that this project meets all of the development standards and that proper notices were provided. SP/Lee responded that the project met all development standards and that notices were mailed to all property owners within 1,000 feet of the project site. M/Tye said he expressed his concerns prior to returning this to the Planning Commission for further consideration and still believes the project is too close to Diamond Bar Boulevard and that due to its scale and character, does not fit in the neighborhood of smaller residential dwellings and condos. To C/Low’s po int, there is parking on both sides of Soltaire and he can see people parking on Soltaire and jaywalk ing across Diamond Bar Boulevard because there is no parking on Diamond Bar Boulevard. 4.1.a Packet Pg. 11 SEPTEMBER 15, 2020 PAGE 5 CITY COUNCIL MPT/Lyons said she believes in the rights of the property owner who has met all of the development standards. C/Mahlke felt the project was consistent with the land use designation and while certain things are afforded the property owner, to M/Tye’s point, scale and character can and should be considered. CA/DeBerry agreed with C/Mahlke’s comments. Under state law, the City is required to make the General Plan designation and the zoning designation consistent. If there was any thought of not approving the zone change, the Council would need to direct staff to come back with a different General Plan or zoning designation. As SP/Lee mentioned, the General Plan was reviewed on this property in December when the density was lowered to the lower residential density and Council has discretion on the design review based on the findings needed to determine whether or not the project meets those standards. The property meets the objective development standards and while scale and character can be considered, what is not proper for consideration is who will live in the house, whether someone will buy it or whether the property should have been sold or not, or whether the City should buy the property. MPT/Lyons moved, C/Mahlke seconded, to approve for First Reading by title only, waive full reading of Ordinance No. 01 (2020) adopting Zone Change to modify the existing zoning from Neighborhood Commercial (C- 1) to Low Density Residential (RL), and schedule the Second Reading for the October 6, 2020 City Council meeting. Motion carried by the following Roll Call vote: AYES: COUNCIL MEMBERS: Low, Mahlke, MPT/Lyons, M/Tye NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: Chou M/Tye moved to deny the Development Revie w application. Motion died for lack of a second. MPT/Lyons moved, C/Low seconded, to adopt Resolution 2020-40 approving the Development Review application based on the Findings of Fact, and subject to the Conditions of Approval contained therein. Motion failed by the following Roll Call vote: AYES: COUNCIL MEMBERS: Low, MPT/Lyons NOES: COUNCIL MEMBERS: Mahlke, M/Tye ABSENT: COUNCIL MEMBERS: Chou C/Mahlke based her no vote on “scale and character”, and M/Tye based his no vote on “out of character with the neighborhood”. CA/DeBerry stated that if this item did not have a zone change it could 4.1.a Packet Pg. 12 SEPTEMBER 15, 2020 PAGE 6 CITY COUNCIL have been approved by the Planning Commission. However, the zoning code says that when there is an application that seeks a change that must be approved by the City Council, both must be approved by the City Council. In this case, the zone change is approved and with a 2-2 vote, the permit development review is not approved. CA/DeBerry responded to M/Tye that if the applicant wished to submit a design that fits with the neighborhood, they would have to go back and redesign the project and resubmit it to the Planning Commission. Under the code, a project that is substantially similar to the previous project has to wait a year for submission and it would be for staff to determine whether the new project was substantially similar to the old project. Certainly, the City Council could give direction to the applicant accordingly. M/Tye said he would not be in favor of requiring the applicant to wait a year. CDD/Gubman stated that the Development Code gives the Community Development Director the authority to make the determination whether or not a resubmitted project is substantially similar. When reviewing what is resubmitted and hearing tonight’s findings the City Council indicating it based its denial on the project being out of character with the surrounding neighborhood due to scale, meaning a project that is smaller with reduced mass, bulk and scale, he believes that with Council’s deliberations, he has sufficient direction to make that determination. 6. COUNCIL CONSIDERATION: 6.1 FIRST READING OF ORDINANCE NO. 02-(2020) AMENDING TITLE 15 OF THE DIAMOND BAR MUNICIPAL CODE TO ADOPT, BY REFERENCE, TITLE 32 FIRE CODE OF THE LOS ANGELES COUNTY CODE, AS AMENDED, WHICH CONSTITUTES AN AMENDED VERSION OF THE CALIFORNIA FIRE CODE, 2019 EDITION. Contract BO/Tao presented staff’s report. C/Mahlke moved, C/Low seconded to adopt for First Reading Ordinance No. 02-(2020) amending Title 15 of the Diamond Bar Municipal Code to adopt, by reference, Title 32 Fire Code of the Los Angeles County Code, as amended, which constitutes an amended version of the California Fire Code, 2019 Edition. Motion carried by the following Roll Call vote: AYES: COUNCIL MEMBERS: Low, Mahlke, MPT/Lyons, M/Tye NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: Chou 6. COUNCIL SUBCOMMITTEE REPORTS AND MEETING ATTENDANCE REPORTS/COUNCIL MEMBER COMMENTS: 4.1.a Packet Pg. 13 SEPTEMBER 15, 2020 PAGE 7 CITY COUNCIL C/Mahlke was proud to participate in the Anti-Hate caravan and thanked the community for their participation. She invited everyone to Rainbow Donuts in the Albertson’s Center on Saturday morning at 10:00 a.m. to write well-wishes to the deputies who were shot in Compton. C/Low concurred with C/Mahlke’s comments and added that the LA County Board of Supervisors introduced a motion to offer a $100,000 reward for apprehension of the perpetrator(s). She thanked staff for their work on Item 5.1 and reminded everyone that the final Council Women’s class on pro posed propositions would be held on Wednesday, September 30th. MPT/Lyons agreed that all residents were repulsed by the shooting of the LA Deputies and is pleased about the reward being offered. She is also pleased that the recovery grant program is moving forward with staffs’ assistance and that the Parks and Rec staff is working hard to provide fun activities for the community. Restaurant Week 2020 is October 2nd through the 18th and all 100 community restaurants will participate. M/Tye spoke about the LA Deputy shooting, said he was proud of California Contract Cities for reaching out to every City to contribute to the reward for capture of those involved in the assault and hoped Diamond Bar would participate. M/Tye spoke about the life and service of Daniel Holloway. ADJOURNMENT: With no further business to conduct, M/Tye adjourned the Regular City Council Meeting at 8:27 p.m. in memory of La Puente Council Member Daniel Holloway. Respectfully submitted: __________________________ Kristina Santana, City Clerk The foregoing minutes are hereby approved this 6th day of October, 2020. __________________________ Steve Tye, Mayor 4.1.a Packet Pg. 14 Agenda #: 4.2 Meeting Date: October 6, 2020 TO: Honorable Mayor and Members of the City Council FROM: Daniel Fox, City Manager TITLE: RATIFICATION OF CHECK REGISTER DATED SEPTEMBER 10, 2020 THROUGH SEPTEMBER 29, 2020 TOTALING $1,053,984.66. STRATEGIC GOAL: Responsible Stewardship of Public Resources RECOMMENDATION: Ratify the Check Register. FINANCIAL IMPACT: Expenditure of $1,053,984.66. BACKGROUND/DISCUSSION: The City has established the policy of issuing accounts payable checks on a weekly basis with City Council ratification at the next scheduled City Council Meeting. The attached check register containing checks dated September 10, 2020 through September 29, 2020 totaling $1,053,984.66 is being presented for ratification. All payments have been made in compliance with the City’s purchasing policies and procedures, and have been reviewed and approved by the appropriate departmental staff. The attached Affidavit affirms that the check register has been audited and deemed accurate by the Finance Director. PREPARED BY: 4.2 Packet Pg. 15 REVIEWED BY: Attachments: 1. 4.2.a Check Register Affidavit 10-6-2020 2. 4.2.b Check Register 10-6-2020 4.2 Packet Pg. 16 4.2.a Packet Pg. 17 City of Diamond Bar Check Register CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 417 9/14/2020 CALIFORNIA NEWSPAPERS PARTNERSHIP PRINTING AUGUST 2020 NEWSLETTER 100240 52110 $3,180.46 CHECK TOTAL $3,180.46 418 9/14/2020 CARDCONNECT AUGUST 2020 CREDIT CARD MACHINE RENTAL 100520 52255 $125.00 CHECK TOTAL $125.00 419 9/14/2020 DAPEER ROSENBLIT & LITVAK LLP LEGAL SVCS-MAY 2020 100120 54024 $1,500.90 CHECK TOTAL $1,500.90 420 9/14/2020 DS SERVICES OF AMERICA INC COOLER RENTAL - SYCAMORE PARK 100630 51200 $12.00 9/14/2020 DS SERVICES OF AMERICA INC INV. # 11184860 090620 100130 52300 $4.99 9/14/2020 DS SERVICES OF AMERICA INC INV. # 11184860 090620 100630 51200 $140.62 CHECK TOTAL $157.61 421 9/14/2020 GATEWAY WATER MANAGEMENT AUTHORITY LOWER SAN GABRIEL RIVER WATERSHED GROUP - FY 20-21 100610 54200 $82,704.47 9/14/2020 GATEWAY WATER MANAGEMENT AUTHORITY LOWER SAN GABRIEL RIVER WATERSHED GROUP - FY 20-21 201610 54200 $82,704.47 CHECK TOTAL $165,408.94 422 9/14/2020 GEORGINA PEREZ BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 423 9/14/2020 HINAL P MEHTA BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 424 9/14/2020 HUMANE SOCIETY OF POMONA VALLEY INC ANIMAL CONTROL SERVICES FOR SEPT. 2020 100340 55404 $16,690.33 CHECK TOTAL $16,690.33 425 9/14/2020 JENNIE KIM BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 426 9/14/2020 KEVIN MA BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 4.2.b Packet Pg. 18 City of Diamond Bar Check Register CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 427 9/14/2020 KEVIN Y OH BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 428 9/14/2020 LEWIS ENGRAVING INC GAVELS FOR CURRENT AND FUTURE OUTGOING MAYORS 100130 51400 $145.19 CHECK TOTAL $145.19 429 9/14/2020 LOS ANGELES COUNTY PUBLIC WORKS SUMP PUMP MAINT SVCS-JUNE 2020 100630 52320 $946.12 CHECK TOTAL $946.12 430 9/14/2020 LOWE'S BUSINESS ACCOUNT DIAMOND BAR CENTER OPERATING SUPPLIES 100510 52320 $223.77 CHECK TOTAL $223.77 431 9/14/2020 MCE CORPORATION LANDSCAPE MAINTENANCE - DISTRICTS 38, 39, 41 - AUG 241641 55524 $4,922.61 9/14/2020 MCE CORPORATION LANDSCAPE MAINTENANCE - DISTRICTS 38, 39, 41 - AUG 239639 55524 $12,173.54 9/14/2020 MCE CORPORATION LANDSCAPE MAINTENANCE - DISTRICTS 38, 39, 41 - AUG 238638 55524 $14,806.30 9/14/2020 MCE CORPORATION ADDL' LANDSCAPE MAINTENANCE - DISTRICT 38 238638 52320 $841.25 CHECK TOTAL $32,743.70 432 9/14/2020 MI YANG KIM BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 433 9/14/2020 OK HYUNG CHO BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 434 9/14/2020 ONE TIME PAY VENDOR OSVALDO G. CONTRERAS EVENT REFUND 100 20202 $2,535.00 CHECK TOTAL $2,535.00 435 9/14/2020 ONE TIME PAY VENDOR REBECA CERVANTES EVENT REFUND 100 20202 $2,603.45 CHECK TOTAL $2,603.45 436 9/14/2020 ONE TIME PAY VENDOR 101 CAFE INC BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 4.2.b Packet Pg. 19 City of Diamond Bar Check Register CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 437 9/14/2020 ONE TIME PAY VENDOR BLOOMING BAY INC BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 438 9/14/2020 ONE TIME PAY VENDOR DIAMOND BAR INTERNATIONAL DELI BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 439 9/14/2020 ONE TIME PAY VENDOR DIAMOND POINTE DINING SERVICES LLC BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 440 9/14/2020 ONE TIME PAY VENDOR EDDY K LIN BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 441 9/14/2020 ONE TIME PAY VENDOR ERIC CHUNGHOW CHU BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 442 9/14/2020 ONE TIME PAY VENDOR EVELYN V CATUIRA DDS INC BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 443 9/14/2020 ONE TIME PAY VENDOR G & H RAPHA, LLC BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 444 9/14/2020 ONE TIME PAY VENDOR GOLDEN PIN ENTERPRISE INC BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 445 9/14/2020 ONE TIME PAY VENDOR JAGDISH INC BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 446 9/14/2020 ONE TIME PAY VENDOR JENNY WU DEPOSIT REFUND 100 22105 $250.00 CHECK TOTAL $250.00 447 9/14/2020 ONE TIME PAY VENDOR KITCHEN AND FLOORING CENTER INC BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 448 9/14/2020 ONE TIME PAY VENDOR LANANIH T NGUYEN & SON T VU BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 4.2.b Packet Pg. 20 City of Diamond Bar Check Register CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 449 9/14/2020 ONE TIME PAY VENDOR MIKE PARK BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 450 9/14/2020 ONE TIME PAY VENDOR RLME INCORPORATED BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 451 9/14/2020 ONE TIME PAY VENDOR S & J GRAN CARE II BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 452 9/14/2020 ONE TIME PAY VENDOR SOMA LAND INC BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 453 9/14/2020 ONE TIME PAY VENDOR UNIVERSAL REALTY INC BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 454 9/14/2020 ONE TIME PAY VENDOR WING CHESS ACADEMY BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 455 9/14/2020 PROTECTION ONE INC BURGLAR ALARM - DIAMOND BAR CENTER 100510 52320 $156.93 9/14/2020 PROTECTION ONE INC BURGLAR ALARM - HERITAGE COMM CTR. 100630 52320 $142.85 CHECK TOTAL $299.78 456 9/14/2020 SC FUELS FLEET VEHICLE FUEL - AUGUST 502430 52330 $41.57 9/14/2020 SC FUELS FLEET VEHICLE FUEL - AUGUST 502620 52330 $79.92 9/14/2020 SC FUELS FLEET VEHICLE FUEL - AUGUST 502630 52330 $505.66 9/14/2020 SC FUELS FLEET VEHICLE FUEL - AUGUST 502655 52330 $534.98 CHECK TOTAL $1,162.13 457 9/14/2020 SHENGYU PIAO BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 458 9/14/2020 SHEPPARD MULLIN RICHTER & HAMPTON SPECIAL LEGAL SERVICES THRU 7/31/20 100120 54022 $4,257.67 CHECK TOTAL $4,257.67 4.2.b Packet Pg. 21 City of Diamond Bar Check Register CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 459 9/14/2020 SOUTHERN CALIFORNIA EDISON DIST 39 7.29.20 - 8.27.20 239639 52210 $210.74 CHECK TOTAL $210.74 460 9/14/2020 US BANK CALCARD STATEMENT-AUGUST 2020 999 28100 $15,151.66 CHECK TOTAL $15,151.66 461 9/14/2020 XAVIERS FLORIST INC FLORAL DELIVERY FOR RONALD EVERETT 100130 51400 $104.03 CHECK TOTAL $104.03 462 9/18/2020 CALPERS FEES FOR GASB-68 REPORTS & SCHEDULES 100210 54010 $700.00 CHECK TOTAL $700.00 463 9/18/2020 CALPERS PENSION CONTRIBUTION 08/29/20- 09/11/20 100 21110 $53.94 9/18/2020 CALPERS PENSION CONTRIBUTION 08/29/20- 09/11/20 100 21110 $4,801.98 9/18/2020 CALPERS PENSION CONTRIBUTION 08/29/20- 09/11/20 100 21110 $31,279.31 CHECK TOTAL $36,135.23 464 9/18/2020 VANTAGEPOINT TRNSFR AGNTS- 303248 DEF COMP CONTRIBUTION/LOAN PYMT 09/18/20 100 21109 $393.55 9/18/2020 VANTAGEPOINT TRNSFR AGNTS- 303248 DEF COMP CONTRIBUTION/LOAN PYMT 09/18/20 100 21109 $4,130.94 9/18/2020 VANTAGEPOINT TRNSFR AGNTS- 303248 DEF COMP CONTRIBUTION/LOAN PYMT 09/18/20 100 21109 $7,414.48 CHECK TOTAL $11,938.97 465 9/18/2020 TASC FLEX SPENDING MEDICAL & CHILDCARE 09/18/2020 100 21118 $1,641.75 CHECK TOTAL $1,641.75 466 9/18/2020 PAYROLL TRANSFER PAYROLL TRANSFER PP 19/20 09/18/2020 100 10105 $295.12 9/18/2020 PAYROLL TRANSFER PAYROLL TRANSFER PP 19/20 09/18/2020 239 10105 $729.53 9/18/2020 PAYROLL TRANSFER PAYROLL TRANSFER PP 19/20 09/18/2020 241 10105 $729.53 9/18/2020 PAYROLL TRANSFER PAYROLL TRANSFER PP 19/20 09/18/2020 238 10105 $1,253.71 9/18/2020 PAYROLL TRANSFER PAYROLL TRANSFER PP 19/20 09/18/2020 106 10105 $1,667.94 4.2.b Packet Pg. 22 City of Diamond Bar Check Register CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 9/18/2020 PAYROLL TRANSFER PAYROLL TRANSFER PP 19/20 09/18/2020 207 10105 $2,061.36 9/18/2020 PAYROLL TRANSFER PAYROLL TRANSFER PP 19/20 09/18/2020 206 10105 $2,940.45 9/18/2020 PAYROLL TRANSFER PAYROLL TRANSFER PP 19/20 09/18/2020 250 10105 $9,246.18 9/18/2020 PAYROLL TRANSFER PAYROLL TRANSFER PP 19/20 09/18/2020 100 10105 $181,438.27 CHECK TOTAL $200,362.09 467 9/18/2020 CALPERS PENSION CONTRIBUTION 09/01/20- 09/30/20 100 21110 $10.00 9/18/2020 CALPERS PENSION CONTRIBUTION 09/01/20- 09/30/20 100 21110 $260.86 9/18/2020 CALPERS PENSION CONTRIBUTION 09/01/20- 09/30/20 100 21110 $324.12 CHECK TOTAL $594.98 468 9/29/2020 AIRGAS INC RENTAL OF CYLINDER AND ARGON 100630 51200 $8.00 9/29/2020 AIRGAS INC RENTAL OF CYLINDER AND ARGON 100520 51200 $93.00 CHECK TOTAL $101.00 469 9/29/2020 BEST LIGHTING PRODUCTS INC MONTHLY MAINTENANCE - PARKS 100630 55505 $285.00 CHECK TOTAL $285.00 470 9/29/2020 BULLSEYE TELECOM INC ANALOG PHONE LINE ACCT - CH, DBC, PARKS 100230 52200 $1,595.81 CHECK TOTAL $1,595.81 471 9/29/2020 CHEM PRO LABORATORY INC CITY HALL WATER TREATMENT - SEPTEMBER 100620 52320 $155.00 CHECK TOTAL $155.00 472 9/29/2020 COLLEY AUTO CARS INC VEHICLE MAINTENANCE - FORD RANGER 502630 52312 $940.11 9/29/2020 COLLEY AUTO CARS INC VEHICLE MAINTENANCE - POOL CAR 502620 52312 $103.38 9/29/2020 COLLEY AUTO CARS INC FLEET MAINTENANCE - FORD RANGER 1363853 502655 52312 $553.88 CHECK TOTAL $1,597.37 473 9/29/2020 COPP CONTRACTING INC RETENTIONS PAYABLE AREA 7 301 29004 $120,741.29 CHECK TOTAL $120,741.29 4.2.b Packet Pg. 23 City of Diamond Bar Check Register CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 474 9/29/2020 CRAFCO INC ROAD MAINTENANCE SUPPLIES 100655 51250 $436.39 CHECK TOTAL $436.39 475 9/29/2020 CSGPR ABC PUBLIC RELATIONS NEWSPAPER AD FOR HHW 250170 52160 $650.00 CHECK TOTAL $650.00 476 9/29/2020 DUO SECURITY INC DUO SOFTWARE SUBSCRIPTION 100230 52314 $2,075.18 CHECK TOTAL $2,075.18 477 9/29/2020 ECOFERT INC FERTILIZER INJECTION SYSTEM - JULY 100630 52320 $1,150.00 9/29/2020 ECOFERT INC FERTILIZER INJECTION SYSTEM - AUGUST 100630 52320 $1,150.00 CHECK TOTAL $2,300.00 478 9/29/2020 ECS IMAGING INC LASERFICHE - ANNUAL RENEWAL/SOFTWARE, LIC, UPDATES 100230 52314 $15,030.00 CHECK TOTAL $15,030.00 479 9/29/2020 EMERALD LANDSCAPE SERVICES INC LANDSCAPING SERVICES AT CITY HALL - SEPT ADDL' 100620 52320 $86.87 CHECK TOTAL $86.87 480 9/29/2020 FEDERAL EXPRESS CORPORATION EXPRESS MAIL-GENERAL 100130 52170 $19.34 CHECK TOTAL $19.34 481 9/29/2020 FRONTIER COMMUNICATIONS CORP SUMMARY ACCT-ANALOG EMERGENCY PHONE LINES 100230 52200 $775.00 CHECK TOTAL $775.00 482 9/29/2020 HARDY & HARPER INC ROAD MAINTENANCE SERVICES 100655 55512 $927.50 CHECK TOTAL $927.50 483 9/29/2020 JIVE COMMUNICATIONS INC CITY-WIDE PHONE SYSTEM - SEPT. 2020 100230 52200 $2,451.12 CHECK TOTAL $2,451.12 484 9/29/2020 KEVIN D JONES CONTRACT SERVICES - SR-57/60 ADVOCACY - JULY 2020 100615 54400 $4,000.00 9/29/2020 KEVIN D JONES CONTRACT SERVICES - SR57-60 ADVOCACY - AUG 2020 100615 54400 $4,000.00 CHECK TOTAL $8,000.00 485 9/29/2020 LOOMIS COURIER SVCS-CITY HALL/DBC AUG 2020 100210 54900 $314.16 4.2.b Packet Pg. 24 City of Diamond Bar Check Register CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 9/29/2020 LOOMIS COURIER SVCS-CITY HALL/DBC AUG 2020 100510 54900 $314.16 CHECK TOTAL $628.32 486 9/29/2020 LOS ANGELES COUNTY DEVELOPMENT AUTH CDBG LOAN REPAYMENT-688 ARMITOS PL 225 48935 $10,000.00 CHECK TOTAL $10,000.00 487 9/29/2020 LOS ANGELES TIMES A/C # 10088361765 PAY THRU 10/7/2020 100130 52405 $27.72 CHECK TOTAL $27.72 488 9/29/2020 MCE CORPORATION STREET MAINTENANCE & VEGETATION CONTROL - JULY 100655 55530 $2,224.50 9/29/2020 MCE CORPORATION STREET MAINTENANCE & VEGETATION CONTROL - JULY 100655 55528 $10,591.32 9/29/2020 MCE CORPORATION STREET MAINTENANCE & VEGETATION CONTROL - AUGUST 100655 55530 $3,923.92 9/29/2020 MCE CORPORATION STREET MAINTENANCE & VEGETATION CONTROL - AUGUST 100655 55528 $8,198.01 CHECK TOTAL $24,937.75 489 9/29/2020 METROLINK METROLINK PASSES-AUG 2020 206650 55610 $595.00 9/29/2020 METROLINK METROLINK PASSES-AUG 2020 206650 55620 $1,309.00 CHECK TOTAL $1,904.00 490 9/29/2020 MICHAEL BAKER INTERNATIONAL INC CANYON LOOP TRAIL CEQA 301630 56104 $5,757.00 CHECK TOTAL $5,757.00 491 9/29/2020 MOBILE RELAY ASSOCIATES INC REPEATER SERVICE FOR OCT 2020 100350 52300 $78.75 CHECK TOTAL $78.75 492 9/29/2020 NETWORK PARATRANSIT SYSTEMS INC DIAMOND RIDE SERVICES FY2020-21 206650 55560 $10,158.89 CHECK TOTAL $10,158.89 493 9/29/2020 OFFICE SOLUTIONS PAPER TOWELS, COFFEE CUPS, COFFEE 100130 51200 $208.46 9/29/2020 OFFICE SOLUTIONS LABEL HOLDER (RETURNED ITEM) 100130 51200 ($10.76) 9/29/2020 OFFICE SOLUTIONS LABEL HOLDER 100130 51200 $16.06 9/29/2020 OFFICE SOLUTIONS CASES OF BOTTLED WATER 100130 51200 $98.94 4.2.b Packet Pg. 25 City of Diamond Bar Check Register CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 9/29/2020 OFFICE SOLUTIONS KITCHEN SUPPLIES & COPY PAPER 100130 51200 $243.56 9/29/2020 OFFICE SOLUTIONS LABEL HOLDER (RETURNED ITEM) 100130 51200 ($16.06) 9/29/2020 OFFICE SOLUTIONS ELECTRONIC WIPES 100130 51200 $7.79 9/29/2020 OFFICE SOLUTIONS KITCHEN SUPPLIES (UTENSILS, GREEN TEA, SPLENDA) 100130 51200 $36.31 9/29/2020 OFFICE SOLUTIONS A-Z ACCORDION FILE 100130 51200 $19.35 9/29/2020 OFFICE SOLUTIONS OFFICE SUPPIES-COVID-19 106130 51200 $548.07 9/29/2020 OFFICE SOLUTIONS OFFICE SUPPLIES-COVID-19 106130 51200 $579.47 9/29/2020 OFFICE SOLUTIONS OFFICE SUPPLIES-COVID-19 106130 51200 $940.93 9/29/2020 OFFICE SOLUTIONS OFFICE SUPPLIES-COVID-19 106130 51200 $480.92 9/29/2020 OFFICE SOLUTIONS OFFICE SUPPLIES-COVID-19 106130 51200 $386.32 9/29/2020 OFFICE SOLUTIONS OFFICE SUPPLIES-COVID-19 106130 51200 $130.09 9/29/2020 OFFICE SOLUTIONS OFFICE SUPPLIES-COVID-19 106130 51200 $393.94 9/29/2020 OFFICE SOLUTIONS OFFICE SUPPLIES-COVID-19 106130 51200 $105.12 9/29/2020 OFFICE SOLUTIONS OFFICE SUPPLIES-COVID-19 106130 51200 $284.48 9/29/2020 OFFICE SOLUTIONS ENVELOPES 100130 51200 $171.87 9/29/2020 OFFICE SOLUTIONS HANGING FILES 100130 51200 $18.22 9/29/2020 OFFICE SOLUTIONS ADDRESS LABELS 100130 51200 $67.96 9/29/2020 OFFICE SOLUTIONS LABEL HOLDER (RETURNED ITEM) 100130 51200 ($15.40) 9/29/2020 OFFICE SOLUTIONS HANGING FILES 100130 51200 $18.22 9/29/2020 OFFICE SOLUTIONS LABEL HOLDER 100130 51200 $15.40 9/29/2020 OFFICE SOLUTIONS WRIST MOUSEPAD 100130 51200 $16.26 9/29/2020 OFFICE SOLUTIONS LABEL HOLDER 100130 51200 $10.76 9/29/2020 OFFICE SOLUTIONS POST IT NOTES, SCISSORS 100130 51200 $7.76 CHECK TOTAL $4,764.04 494 9/29/2020 ONE TIME PAY VENDOR ALI AKBAR EVENT REFUND 100 20202 $760.00 CHECK TOTAL $760.00 495 9/29/2020 ONE TIME PAY VENDOR ASMA MOHAMEDY EVENT REFUND 100 20202 $385.14 4.2.b Packet Pg. 26 City of Diamond Bar Check Register CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT CHECK TOTAL $385.14 496 9/29/2020 ONE TIME PAY VENDOR DOROTHY WILHELM EVENT REFUND 100 20202 $2,530.00 CHECK TOTAL $2,530.00 497 9/29/2020 ONE TIME PAY VENDOR GATEWAY FRIENDS CHURCH EVENT REFUND 100 20202 $762.22 CHECK TOTAL $762.22 498 9/29/2020 ONE TIME PAY VENDOR INSTITUTE OF KNOWLEDGE EVENT REFUND 100 20202 $2,033.46 CHECK TOTAL $2,033.46 499 9/29/2020 ONE TIME PAY VENDOR PACIFIC CREST YOUTH ARTS ORGANIZATION OUTDOOR USAGE DEPOSIT RETURN 100 20202 $200.00 CHECK TOTAL $200.00 500 9/29/2020 ONE TIME PAY VENDOR PAUL LU SENIOR DANCE REFUND 100 20202 $40.00 CHECK TOTAL $40.00 501 9/29/2020 ONE TIME PAY VENDOR SAN GABRIEL POMONA REGIONAL CENTER EVENT REFUND 100 20202 $641.88 CHECK TOTAL $641.88 502 9/29/2020 ONE TIME PAY VENDOR SAN GABRIEL VALLEY EMPLOYER ADVISORY COUNCIL EVENT REFUND 100 20202 $1,239.50 CHECK TOTAL $1,239.50 503 9/29/2020 ONE TIME PAY VENDOR HECTOR RODRIGUEZ GARCIA DEPOSIT REFUND 100 22105 $250.00 CHECK TOTAL $250.00 504 9/29/2020 ONE TIME PAY VENDOR II SHEA ROOFING DEPOSIT REFUND 100 22105 $250.00 CHECK TOTAL $250.00 505 9/29/2020 ONE TIME PAY VENDOR JAVIER AND RUTH VELASCO DEPOSIT REFUND 100 22105 $250.00 CHECK TOTAL $250.00 506 9/29/2020 ONE TIME PAY VENDOR NANCY'S PET PARLOR BUSINESS RECOVERY GRATN CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 507 9/29/2020 ONE TIME PAY VENDOR REXWAY ROOFING DEPOSIT REFUND 100 22105 $250.00 CHECK TOTAL $250.00 4.2.b Packet Pg. 27 City of Diamond Bar Check Register CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 508 9/29/2020 ONE TIME PAY VENDOR SAIGON NOODLE HOUSE BUSINESS RECOVERY GRANT CARES ACT 106430 54456 $5,000.00 CHECK TOTAL $5,000.00 509 9/29/2020 PROTECTION ONE INC BURGLAR ALARM - HERITAGE 8.28.20 - 10.18.20 100630 52320 $81.40 9/29/2020 PROTECTION ONE INC BURGLAR ALARM - HERITAGE COMM CTR 100630 52320 $184.57 CHECK TOTAL $265.97 510 9/29/2020 PUBLIC STORAGE #23051 STORAGE RENTAL # 2108 10/1 - 10/31 2020 100130 52302 $466.00 CHECK TOTAL $466.00 511 9/29/2020 PYRO COMM SYSTEMS INC FIRE ALARM TESTING - DBC 100510 52310 $585.00 CHECK TOTAL $585.00 512 9/29/2020 QUADIENT FINANCE USA INC FOLDING MACHINE - ANNUAL MAINTENANCE 100230 52310 $2,424.00 CHECK TOTAL $2,424.00 513 9/29/2020 RYAN MCLEAN EMPLOYEE PERSONAL COMP LOAN 100 12410 $1,215.72 CHECK TOTAL $1,215.72 514 9/29/2020 S C SIGNS AND SUPPLIES LLC DELINEATORS - W/B GRAND AVE 100655 51250 $3,164.55 CHECK TOTAL $3,164.55 515 9/29/2020 SAN GABRIEL VALLEY ECONOMIC PARTNER DBRW AD 100130 52160 $300.00 CHECK TOTAL $300.00 516 9/29/2020 SC FUELS FLEET VEHICLE FUEL - SEPTEMBER 502130 52330 $31.90 9/29/2020 SC FUELS FLEET VEHICLE FUEL - SEPTEMBER 502430 52330 $61.93 9/29/2020 SC FUELS FLEET VEHICLE FUEL - SEPTEMBER 502620 52330 $120.52 9/29/2020 SC FUELS FLEET VEHICLE FUEL - SEPTEMBER 502630 52330 $459.12 9/29/2020 SC FUELS FLEET VEHICLE FUEL - SEPTEMBER 502655 52330 $470.09 CHECK TOTAL $1,143.56 517 9/29/2020 SCHORR METALS INC PARKS MAINTENANCE 100630 52320 $1,017.83 CHECK TOTAL $1,017.83 518 9/29/2020 SHEPPARD MULLIN RICHTER & SPECIAL LEGAL SERVICES THRU 100120 54022 $5,283.86 4.2.b Packet Pg. 28 City of Diamond Bar Check Register CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT HAMPTON 8/31/2020 CHECK TOTAL $5,283.86 519 9/29/2020 SHI INTERNATIONAL CORP 1 OF 3 YEAR AGREEMENT -MICROSOFT ENTERPRISE 100230 52314 $12,413.72 CHECK TOTAL $12,413.72 520 9/29/2020 SIEMENS INDUSTRY INC ANNL MAINT-ADAPTIVE TRAFFIC CONTROL SYS 207650 52314 $30,150.00 CHECK TOTAL $30,150.00 521 9/29/2020 SOUTHERN CALIFORNIA EDISON 1025 BREA CYN - SAFETY LIGHTS 100655 52210 $76.02 9/29/2020 SOUTHERN CALIFORNIA EDISON 21615 GATWAY CTR DR - SAFETY LIGHTS 100655 52210 $47.50 9/29/2020 SOUTHERN CALIFORNIA EDISON 3201 DBB - SAFETY LIGHTS 100655 52210 $71.24 9/29/2020 SOUTHERN CALIFORNIA EDISON 21325 PATHFINDER - SAFETY LIGHTS 100655 52210 $130.68 9/29/2020 SOUTHERN CALIFORNIA EDISON 21250 GOLDEN SPRINGS - SAFETY LIGHTS 100655 52210 $47.50 9/29/2020 SOUTHERN CALIFORNIA EDISON 1003 GOLDEN SPRINGS - SAFETY LIGHTS 100655 52210 $62.74 9/29/2020 SOUTHERN CALIFORNIA EDISON 2201 DBB - SAFETY LIGHTS 100655 52210 $47.50 9/29/2020 SOUTHERN CALIFORNIA EDISON 3798 S BREA CYN - SAFETY LIGHTS 100655 52210 $35.63 9/29/2020 SOUTHERN CALIFORNIA EDISON DBB N/W @ TEMPLE - TRAFFIC SIGNAL 100655 52210 $69.11 9/29/2020 SOUTHERN CALIFORNIA EDISON 21010 WASHINGTON ST - SAFETY LIGHTS 100655 52210 $56.98 9/29/2020 SOUTHERN CALIFORNIA EDISON 24230 GOLDEN SPRINGS - SAFETY LIGHTS 100655 52210 $45.13 9/29/2020 SOUTHERN CALIFORNIA EDISON BREA CYN/OAKCREST - SAFETY LIGHTS 100655 52210 $36.23 9/29/2020 SOUTHERN CALIFORNIA EDISON BREA CYN/FALLOWFIELD - SAFETY LIGHTS 100655 52210 $47.48 9/29/2020 SOUTHERN CALIFORNIA EDISON DBB/TEMPLE - SAFETY LIGHTS 100655 52210 $68.44 9/29/2020 SOUTHERN CALIFORNIA EDISON 1450 BRIDGEGATE & VARIOUS - SAFETY LIGHTS 100655 52210 $362.55 9/29/2020 SOUTHERN CALIFORNIA EDISON 1179 DBB & VARIOUS - TRAFFIC SIGNALS 100655 52210 $2,580.96 9/29/2020 SOUTHERN CALIFORNIA EDISON 1798 DBB/22566 GOLDEN SPRINGS - TRAFFIC LIGHTS 100655 52210 $190.62 9/29/2020 SOUTHERN CALIFORNIA EDISON BREA CYN/FALLOWFIELD & VARIOUS - TRAFFIC SIGNALS 100655 52210 $121.78 9/29/2020 SOUTHERN CALIFORNIA EDISON 809 S DBB - TRAFFIC SIGNAL 100655 52210 $87.87 4.2.b Packet Pg. 29 City of Diamond Bar Check Register CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 9/29/2020 SOUTHERN CALIFORNIA EDISON 2201 DBB - PED @ TRAFFIC SIGNAL 100655 52210 $48.79 9/29/2020 SOUTHERN CALIFORNIA EDISON 21010 WASHINGTON ST - TRAFFIC SIGNAL 100655 52210 $61.08 9/29/2020 SOUTHERN CALIFORNIA EDISON 801 S LEMON/VARIOUS - TRAFFIC SIGNALS 100655 52210 $271.59 9/29/2020 SOUTHERN CALIFORNIA EDISON 1798 DBB/22566 GOLDEN SPRINGS - SAFETY LIGHTS 100655 52210 $106.85 9/29/2020 SOUTHERN CALIFORNIA EDISON 1215 S BREA CANTON - TRAFFIC SIGNAL 100655 52210 $88.83 9/29/2020 SOUTHERN CALIFORNIA EDISON 1611 S BREA CYN - TRAFFIC SIGNAL 100655 52210 $52.44 9/29/2020 SOUTHERN CALIFORNIA EDISON 23331 GOLDEN SPRINGS - PED 100655 52210 $71.11 9/29/2020 SOUTHERN CALIFORNIA EDISON 2838S DBB - PED 100655 52210 $88.52 9/29/2020 SOUTHERN CALIFORNIA EDISON 22805 GOLDEN SPRINGS - SAFETY LIGHTS 100655 52210 $59.37 9/29/2020 SOUTHERN CALIFORNIA EDISON 2838 S DBB - TC/SAFETY LIGHTS 100655 52210 $96.74 9/29/2020 SOUTHERN CALIFORNIA EDISON 717 GRAND AVE - TRAFFIC CONTROL 100655 52210 $136.76 9/29/2020 SOUTHERN CALIFORNIA EDISON 23331 GOLDEN SPRINGS PED - TC 100655 52210 $80.14 9/29/2020 SOUTHERN CALIFORNIA EDISON 20781 PATHFINDER - TRAFFIC CONTROL 100655 52210 $99.73 9/29/2020 SOUTHERN CALIFORNIA EDISON 21250 GOLDEN SPRINGS PED - TC 100655 52210 $70.90 9/29/2020 SOUTHERN CALIFORNIA EDISON 3564 BREA CYN BPED - TC 100655 52210 $72.86 9/29/2020 SOUTHERN CALIFORNIA EDISON 2746 BREA CYN BPED - TC 100655 52210 $131.10 9/29/2020 SOUTHERN CALIFORNIA EDISON 1395 DBB/VARIOUS - TRAFFIC SIGNALS 100655 52210 $748.83 9/29/2020 SOUTHERN CALIFORNIA EDISON 20439 GOLDEN SPRINGS PED - TC 100655 52210 $121.00 9/29/2020 SOUTHERN CALIFORNIA EDISON 20791 GOLDEN SPRINGS - TRAFFIC CONTROL 100655 52210 $112.01 9/29/2020 SOUTHERN CALIFORNIA EDISON 1215 S BREA CYN - TRAFFIC CONTROL 100655 52210 $90.22 9/29/2020 SOUTHERN CALIFORNIA EDISON 1611 S BREA CYN - TRAFFIC CONTROL 100655 52210 $53.21 9/29/2020 SOUTHERN CALIFORNIA EDISON 2025 DIAMOND BAR BLVD PED 238638 52210 $12.92 9/29/2020 SOUTHERN CALIFORNIA EDISON 2746 BREA CANYON A PED 238638 52210 $13.09 9/29/2020 SOUTHERN CALIFORNIA EDISON 22745 SUNSET CROSSING ROAD 238638 52210 $13.09 9/29/2020 SOUTHERN CALIFORNIA EDISON 3564 BREA CANYON A PED 238638 52210 $12.92 9/29/2020 SOUTHERN CALIFORNIA EDISON 1000 S LEMON AVE PED 238638 52210 $13.49 4.2.b Packet Pg. 30 City of Diamond Bar Check Register CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 9/29/2020 SOUTHERN CALIFORNIA EDISON CITY HALL 8.14.20 - 9.15.20 100620 52210 $14,520.35 9/29/2020 SOUTHERN CALIFORNIA EDISON 20664 LARKSTONE DR PED 7.13.20 - 8.11.20 100630 52210 $242.83 9/29/2020 SOUTHERN CALIFORNIA EDISON 20671 GOLD SP & 575 S DBB 238638 52210 $24.89 9/29/2020 SOUTHERN CALIFORNIA EDISON DIAMOND BAR CENTER - AUG 100510 52210 $7,182.66 9/29/2020 SOUTHERN CALIFORNIA EDISON DISTRICT 41 - AUG 241641 52210 $117.87 9/29/2020 SOUTHERN CALIFORNIA EDISON PARKS - AUG 100630 52210 $3,039.56 9/29/2020 SOUTHERN CALIFORNIA EDISON DISTRICT 38 - AUG 238638 52210 $268.95 9/29/2020 SOUTHERN CALIFORNIA EDISON 633 GRAND AVE 8.11.20 - 9.10.20 238638 52210 $12.04 9/29/2020 SOUTHERN CALIFORNIA EDISON 20664 LARKSTONE 8.11.20 - 9.10.20 100630 52210 $260.67 9/29/2020 SOUTHERN CALIFORNIA EDISON 20850 HIGH COUNTRY 8.12.20 - 9.11.20 241641 52210 $12.04 9/29/2020 SOUTHERN CALIFORNIA EDISON 21208 WASHINGTON ST PED 8.12.20 - 9.11.20 100630 52210 $19.30 9/29/2020 SOUTHERN CALIFORNIA EDISON 20980 E CANYON RIDGE LN 8.12.20 - 9.11.20 241641 52210 $12.04 CHECK TOTAL $32,626.75 522 9/29/2020 SPECTRUM BUSINESS INTERNET SERVICE - HERITAGE PARK 100230 54030 $794.94 9/29/2020 SPECTRUM BUSINESS INTERNET SERVICES - CITY HALL 100230 54030 $1,711.98 9/29/2020 SPECTRUM BUSINESS TV & CABLE SERVICE - DBC 100230 54030 $361.42 CHECK TOTAL $2,868.34 523 9/29/2020 TASC 100220 52515 $131.04 CHECK TOTAL $131.04 524 9/29/2020 TENNIS ANYONE INC TENNIS INSTRUCTION 100520 55320 $4,968.60 CHECK TOTAL $4,968.60 525 9/29/2020 THE COMDYN GROUP INC PROFESSIONAL SERVICES - GIS SUPPORT 100230 54900 $158.86 9/29/2020 THE COMDYN GROUP INC PROFESSIONAL SERVICES - GIS SUPPORT 100230 54900 $1,906.32 9/29/2020 THE COMDYN GROUP INC PROFESSIONAL SERVICES - GIS SUPPORT 100230 54900 $1,191.45 9/29/2020 THE COMDYN GROUP INC PROFESSIONAL SERVICES - GIS SUPPORT 100230 54900 $1,270.88 CHECK TOTAL $4,527.51 526 9/29/2020 THE GAS COMPANY 2900 BREA CANYON ROAD - HERITAGE 100630 52215 $19.28 4.2.b Packet Pg. 31 City of Diamond Bar Check Register CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT COMM CTR 9/29/2020 THE GAS COMPANY 21810 COPLEY 8.10.20 - 9.9.20 100620 52215 $147.32 CHECK TOTAL $166.60 527 9/29/2020 THE HOME DEPOT-HOME SERVICES CITY HALL - BUILDING SUPPLY 100620 52320 $20.40 CHECK TOTAL $20.40 528 9/29/2020 VERIZON WIRELESS WIRELESS AIRTIME/EQUIP - PW, CD, P&R 100230 52200 $1,983.03 CHECK TOTAL $1,983.03 529 9/29/2020 WW GRAINGER INC CITY HALL - MAINTENANCE 100620 52320 $23.82 CHECK TOTAL $23.82 530 9/29/2020 WALNUT VALLEY WATER DISTRICT CITY HALL - AUG 100620 52220 $815.85 9/29/2020 WALNUT VALLEY WATER DISTRICT DIAMOND BAR CENTER - AUG 100510 52220 $98.77 9/29/2020 WALNUT VALLEY WATER DISTRICT DISTRICT 41 - AUG 241641 52220 $237.80 9/29/2020 WALNUT VALLEY WATER DISTRICT PARKS - AUG 100630 52220 $34,748.21 9/29/2020 WALNUT VALLEY WATER DISTRICT DISTRICT 39 - AUG 239639 52220 $12,059.10 9/29/2020 WALNUT VALLEY WATER DISTRICT DISTRICT 38 - AUG 238638 52220 $14,273.95 9/29/2020 WALNUT VALLEY WATER DISTRICT RECYCLED - AUGUST 238638 52220 $1,154.86 9/29/2020 WALNUT VALLEY WATER DISTRICT PARKS - AUG 100630 52220 $1,657.78 CHECK TOTAL $65,046.32 531 9/29/2020 WEST COAST ARBORISTS INC CITYWIDE WATERING - 8.16.20 - 8.31.20 100645 55522 $1,360.00 9/29/2020 WEST COAST ARBORISTS INC CITYWIDE TREE CARE AND MAINTENANCE - DISTRICT 38 238638 55522 $4,491.00 9/29/2020 WEST COAST ARBORISTS INC CITYWIDE TREE CARE AND MAINTENANCE 100645 55522 $1,808.00 9/29/2020 WEST COAST ARBORISTS INC CITYWIDE WATERING 7.16.20 - 7.31.20 100645 55522 $1,360.00 CHECK TOTAL $9,019.00 532 9/29/2020 WOODRUFF SPRADLIN & SMART PROF. SVCS RENDERED FOR JULY 2020 100 22107 $69.00 9/29/2020 WOODRUFF SPRADLIN & SMART PROF. SVCS RENDERED FOR JULY 2020 100120 54020 $69.00 9/29/2020 WOODRUFF SPRADLIN & SMART PROF. SVCS RENDERED FOR JULY 2020 100120 54020 $92.00 9/29/2020 WOODRUFF SPRADLIN & SMART PROF. SVCS RENDERED FOR JULY 2020 100 22107 $161.00 4.2.b Packet Pg. 32 City of Diamond Bar Check Register CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 9/29/2020 WOODRUFF SPRADLIN & SMART PROF. SVCS RENDERED FOR JULY 2020 106120 54020 $1,173.00 9/29/2020 WOODRUFF SPRADLIN & SMART PROF. SVCS RENDERED FOR JULY 2020 100120 54020 $1,265.00 9/29/2020 WOODRUFF SPRADLIN & SMART PROF. SVCS RENDERED FOR JULY 2020 100120 54020 $1,955.00 9/29/2020 WOODRUFF SPRADLIN & SMART PROF. SVCS RENDERED FOR JULY 2020 100120 54020 $2,139.00 9/29/2020 WOODRUFF SPRADLIN & SMART PROF. SVCS RENDERED FOR JULY 2020 100120 54020 $3,105.00 CHECK TOTAL $10,028.00 GRAND TOTAL $1,053,984.66 4.2.b Packet Pg. 33 Agenda #: 4.3 Meeting Date: October 6, 2020 TO: Honorable Mayor and Members of the City Council FROM: Daniel Fox, City Manager TITLE: INVESTMENT POLICY FOR FISCAL YEAR 2020/2021. STRATEGIC GOAL: Responsible Stewardship of Public Resources RECOMMENDATION: Adopt Resolution No. 2020-40 approving the Investment Policy for Fiscal Year 2020/2021. FINANCIAL IMPACT: No Financial Impact BACKGROUND/ANALYSIS: At the June 16, 2020 City Council meeting, the City’s Investment Policy for Fiscal Year (FY) 2020/2021 was presented for adoption as part of the annual budget package. While discussed in the staff report, the Policy was inadvertently omitted from the attachment to Resolution No. 2020-19. As a result, the Investment Policy for FY 2020/2021 is being presented again for City Council adoption. The Investment Policy states the goals of the City’s investment activities, the types of investments in which the City is allowed to invest its funds, and the reporting requirements. The Investment Policy is to be reviewed annually, and updated as necessary, by the City Council. In January 2018, the City Council adopted an updated Investment Policy which was prepared in accordance with the provisions outlined in the California Municipal Treasurer’s Association (CMTA) Investment Policy Certification Program. CMTA is solely focused on public agency treasury management in the State of California which lends itself more closely to the City’s investment requirements and goals. The Investment Policy was submitted to CMTA and was certified with a score of 95 ou t of 100 points possible. 4.3 Packet Pg. 34 The complete Investment Policy for FY 2020/2021 is included in Attachment 2. There is one minor proposed change since the last revision in June 2019. The proposed change (bottom of page 5) increases the amount allowed in the Local Agency Investment Fund (LAIF) from $65 million to $75 million which is the current amount per account permitted by the State of California. PREPARED BY: REVIEWED BY: Attachments: 1. 4.3.a Resolution No. 2020-40 Investment Policy 2. 4.3.b Investment Policy 20.21 4.3 Packet Pg. 35 RESOLUTION NO. 2020-40 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, ADOPTING THE STATEMENT OF INVESTMENT; AND RESCINDING RESOLUTION N0. 2020-19 IN ITS ENTIRETY. A. RECITALS. WHEREAS, it is the City’s policy to annually adopt the City Investment Policy; and WHEREAS, the Investment Policy is intended to provide guidelines for the prudent investment of the City’s temporarily idle cash and to outline the policies for maximizing the efficiency of the City’s cash management system; and WHEREAS, the Investment Policy (Exhibit A) was inadvertently left off of Resolution No. 2020-19 adopted on June 16, 2020. B. RESOLUTION. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DIAMOND BAR DOES HEREBY RESOLVE AS FOLLOWS: Section 1. That the City Council of the City of Diamond Bar adopts the attached Statement of Investment Policy (Exhibit A). Section 2. City Council Resolution No. 2020-19 is hereby rescinded in its entirety and is replaced by this Resolution. PASSED, APPROVED AND ADOPTED this 6th day of October, 2020. ____________________________ Steve Tye, Mayor I, Kristina Santana, City Clerk of the City of Diamond Bar, do hereby certify that the foregoing Resolution was passed, approved and adopted at a regular meeting of the City Council of the City of Diamond Bar held on the 6th day of October, 2020, by the following vote: AYES: COUNCIL MEMBERS: NOES: COUNCIL MEMBERS: ABSENT: COUNCIL MEMBERS: ABSTAINED: COUNCIL MEMBERS: ____________________________ Kristina Santana, City Clerk 4.3.a Packet Pg. 36 1 CITY OF DIAMOND BAR INVESTMENT POLICY— FY 2020-21 1.0 POLICY: This Statement is intended to provide guidelines for the prudent investment of the City of Diamond Bar’s (“City”) temporarily idle cash and to outline the policies for maximizing the efficiency of the City's cash management system. The ultimate goal is to enhance the economic status of the City while protecting its pooled funds in accordance with the applicable local, state and federal laws. It is the policy of the City Council to review, update and adopt the City's Investment Policy on an annual basis. 2.0 SCOPE: This investment policy applies to all financial assets of the City of Diamond Bar. The Policy applies to the following funds and is accounted for in the City’s annual audited financial statements. A. General Fund B. Special Revenue Funds C. Debt Service Funds D. Capital Improvement Fund E. Internal Service Funds 3.0 STANDARDS OF PRUDENCE: The City Treasurer (or Finance Director) authorized to make investment decisions on behalf of the City of Diamond Bar investing public funds pursuant to this policy are trustees and therefore fiduciaries subject to the prudent investor standard. 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, including but not limited to, the general economic conditions and the anticipated needs of the City, 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 need s of the City. Within the limitations of this section and considering individual investments as part of an overall strategy, the City Treasurer or Finance Director is authorized to acquire investments as authorized by law. 4.0 INVESTMENT OBJECTIVES: The investment of funds of the City of Diamond Bar is directed to the goals of safety, liquidity and yield. The authority governing investments for municipal governments is set forth in the Government Code, Sections 53600, et. seq. 4.3.b Packet Pg. 37 2 1. Safety. Safety of principal is the foremost objective of the investment program. Investments of the City of Diamond Bar shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. To attain this objective, the City of Diamond Bar will diversify its investments by investing funds among a variety of securities with independent returns. . The City will operate only in those investments that are considered very safe. 2. Liquidity. The investment portfolio will remain sufficiently liquid to meet all operating requirements which might be reasonably anticipated. This is accomplished by structuring the portfolio so that securities mature at the same time as cash is needed to meet anticipated demands. Additionally, since all possible cash demands cannot be anticipated, the portfolio will consist largely of securities with active secondary or resale markets or local government investment pools which offer same-day liquidity for short-term funds. 3. Yield. The investment portfolio shall be designed with the objective of achieving a competitive market rate of return or yield, while taking into account the investment risk constraints and liquidity needs. Return on investment is of secondary importance compared to safety and liquidity. The core investments shall be limited to low risk securities to be held to maturity with the following exceptions: A security with declining credit may be sold early to minimize loss of principal A security swap would improve the quality, yield or target duration of the portfolio. The liquidity needs of the portfolio require security to be sold. 5.0 DELEGATION OF AUTHORITY Authority to manage the City of Diamond Bar’s investment program is derived from Section 2.16.210 of the City of Diamond Bar’s Municipal Code which designates the City Manager to perform all duties associated with the legal function of the treasurer position. Management responsibility is hereby delegated to the City Treasurer who shall be responsible for all transactions undertaken and for establishing a system of controls to regulate the activities of subordinate officials, and their procedures in the absence of the Treasurer. 6.0 ETHICS AND CONFLICTS OF INTEREST Officers and employees involved in the investment process shall refrain from personal business activity that could conflict with proper execution of the investment program or which could impair their ability to make impartial investment decisions. Employees and investment officials are required to file annual disclosure statements as required for “public officials who manage public investments” (as defined and required by the Political Reform Act and related regulations, being Government Code Sections 81000 and the Fair Political Practices Commission [FPPC]). 4.3.b Packet Pg. 38 3 7.0 AUTHORIZED FINANCIAL DEALERS AND INSTITUTIONS The Treasurer (or Finance Director) will maintain a list of approved financial institutions authorized to provide investment services to the public agency in the S tate of California. A determination should be made to insure that all approved broker/dealer firms and individuals covering the City of Diamond Bar are reputable and trustworthy. In addition, the broker/dealer firms should have the ability to meet all of their financial obligations in dealing with the City of Diamond Bar. The firms and individuals covering the City of Diamond Bar should be knowledgeable and experienced in Public Agency investing and the investment products involved. No public deposit sh all be made except in a qualified public depository as established by State law. All financial institutions and broker/dealers who desire to conduct investment transactions with the City of Diamond Bar must supply the City Treasurer or the Finance Director with the following: audited financial statements, proof of NASD certification, trading resolution, proof of State of California registration, completed broker/dealer questionnaire, certification of having read the City of Diamond Bar’s investment policy and depository contracts. An annual review of the financial condition and registrations of qualified bidders will be conducted by the Treasurer or the Finance Director. A current audited financial statement is required to be on file for each financial institution and broker/dealer with which the City of Diamond Bar invests. 8.0 AUTHORIZED AND SUITABLE INVESTMENTS The City’s investments are governed by the California Government Code (CGC). Specific types of investments are defined in CGC 53635. Also, CGC 53635.2 permits the use of CGC 53601 investment instruments, therefore, both CGC 53601 et seq. and CGC 53635 et seq. are the governing sections pertaining to legal investments. Investments will only be made in authorized securities with a maturity date of five (5) years or less from the transaction settlement date. For the purpose of these investments, the compliance with the investment percentage(s), in regards to the total investment portfolio, shall be calculated on the date the investment is acquired. If the percentage is legally compliant on the date of purchase, then compliance with the law shall have been met. 4.3.b Packet Pg. 39 4 Investment California Legal Requirements City of Diamond Bar Requirements Government Obligations: U.S. Treasury and Agency Obligations (U.S. Treasury obligations are bills, notes and bonds issued by and direct obligations of the U.S. Government. Agency obligations are notes and bonds of Federal agencies and government sponsored enterprises, although not direct obligations of the Treasury, they involve federal sponsorship or guarantees) Authorized by CGC 53601(b), (f) 1. No limit on amount in the portfolio Bankers Acceptances (A draft or bill of exchange accepted by a bank or trust company and brokered to investors in a secondary market. Its purpose is to facilitate trade and provide liquidity to the import-export markets). Authorized by CGC 53601(g) 1. Not to exceed 180 days 2. Not to exceed 40% of portfolio 3. Not to exceed 30% of portfolio if done with one bank. Commercial Paper (Short term, unsecured, promissory notes issued by firms in the open market. These notes are generally backed by a bank credit facility, guarantee/bond of indemnity or some other support agreement. Authorized by CGC 53601 (h), CGC 53601.2 & CGC 53635 (a) 1. Not to exceed 270 days 2. Not to exceed 25% of portfolio 3. No more than 10% of portfolio may be invested in a single issuer 4. Must be rated P-1 by Moody’s Investors Service or A-1 by Standard and Poor’s Medium Term Notes (Corporate notes, deposit notes and bank notes sold by an agent in the open market on a continually offered basis. These notes are debt obligations generally unsecured, although some issues come to market on a collateralized or securitized basis. Authorized by CGC 53601 (k), CGC 53601.2 1. Must have an minimum “A” rating 2. Not to exceed 30% of portfolio 3. Not to exceed 5% of portfolio with single issuer Negotiable Certificates of Deposit (Issued by commercial banks and thrift institutions against funds deposited for specified periods of time and earn specified or variable rates of interest. NCD’s differ from other CD’s because of their increased liquidity as they are actively traded on the secondary market. These deposits are uninsured and uncollateralized promissory notes. Authorized by CGC 53601 (i), GCC 53638 1. Not to exceed 30% portfolio 2. All purchases must be from institutions rated by a nationally recognized rating organization as designated by the Security and Exchange Commission. 4.3.b Packet Pg. 40 5 Certificates of Deposit (Unsecured, direct obligations of a U.S. bank or savings & loan association. Federal Deposit Insurance Corporation (FDIC) coverage is provided for government deposits, but limited to the first $250,000 on deposit on behalf of a given entity at a single financial institution. California law requires that deposits of public funds shall be collateralized if not insured). Authorized by CGC 53635, 53635.2, 53635.8, 53636, 53637, 53638, 53641 1. Must not exceed 30% of portfolio 2. Deposits in excess of the $250,000 FDIC insured limit shall be collateralized at a level of 110% of market value of principal and accrued interest. Repurchase Agreement (These are agreements between an investor (the pool) who agrees to purchase securities and a seller (broker/dealer) who commits to repurchase these securities at a later date at the same price, plus interest). Authorized by CGC 53601 (j) 1. Market value of the security must be 102% or greater, and adjusted quarterly. 2. The minimal market value of 102% can’t be established by more than the next business day. 3. Requires a signed Master Repurchase Agreement from the participating bank or broker/dealer. Local Agency Obligations (Bonds, notes warrants or other evidences of indebtedness of any local agency or by a department, board or authority of any local agency within the 50 United States). Authorized by CGC 53601(a)(c)(d) 1. Must comply with the financial requirements pertaining to temporary borrowing (TRANS, RANS, GANS) as shown in CGC 53820 – 53858. 2. Minimum credit requirement – Issuers must be at or above the following investment grade from one of these rating firms: Standard & Poors – Sp-1 or A; Fitch – F-1 or A; Moody’s – MIG 1 or A Money Market Funds Shares of beneficial interest issued by management companies. Shares represent ownership of diversified portfolio securities, which are redeemable at their net asset value). Authorized by CGC 53601 (l) 1. The pooled investments that comprise these funds must comply with 53601 and 53630 inclusive. Local Agency Investment Fund (LAIF) Provides high liquidity allowing deposits to be credited to the City’s checking account within twenty-four (24) hours. State Pool funds are operated directly by the Office of the State Treasurer, who commingles state and local funds. Authorized by CGC 16429.1 (b) 1. No more than 60% or $75 million whichever is less shall be invested in LAIF. 4.3.b Packet Pg. 41 6 Supranational United States dollar denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and Development, International Finance Corporation, or Inter-American Development Bank. Authorized by CGC 53601 (q) 1. Maximum maturity of five years or less 2. Eligible for purchase and sale within the United States 3. “AA” rated or better by an NRSRO 4. Not to exceed 30% of the portfolio 9.0 PROHIBITED AND RESTRICTED CATEGORIES OF INVESTMENTS The following investments are either prohibited by law or authorized by law and prohibited by the City Treasurer. Inverse Floaters Prohibited by CGC 53601.6 Range Notes Prohibited by CGC 53601.6 Mortgage Derived, Interest-only Strips Prohibited by CGC 53601.6 Zero (“Strip”) Coupons Prohibited by CGC 53601.6 Futures Market Allowable by CGC 53601.6 Prohibited by City Treasurer Options Market Allowable by CGC 53601.6 Prohibited by City Treasurer Priority Obligations Allowable by CGC 53601 (n) Prohibited by City Treasurer 10.0 REVIEW OF INVESTMENT PORTFOLIO The securities held by the City of Diamond Bar must be in compliance with Section 8.0 Authorized and Suitable Investments at the time of purchase. Because some securities may not comply with Section 8.0 subsequent to the date of purchase the City Treasurer shall at least quarterly review the portfolio to identify those securities that do not comply. The City Treasurer shall establish procedures to report to the City Council major and critical incidences of noncompliance identified through the review of the portfolio. Should any investment listed in Section 8 exceed a percentage -of-portfolio limitation due to an incident such as fluctuation in portfolio size, the affected securities may be held to maturity to avoid losses. When no loss is indicated, the Treasurer shall consider rebalancing the portfolio after evaluating the expected length of time that it will be imbalanced. Portfolio percentage limits are in place in order to ensure diversification of the City investment portfolio; a small temporary imbalance will not significantly impair that strategy. 11.0 COLLATERALIZATION Collateralization will be required on two types of investments: certificates of deposit and repurchase agreements. In order to anticipate market changes and provide a level of security for all funds, the collateralization level will be 110% of market value of principal and accrued interest. The City Treasurer, at his/her discretion may waive the collateral 4.3.b Packet Pg. 42 7 requirement for deposits up to the maximum dollar amount which are covered by the Federal Deposit Insurance Corporation, currently $250,000. 12.0 SAFEKEEPING AND CUSTODY All security transactions, including collateral for repurchase agreements, entered into by the City of Diamond Bar shall be conducted on a delivery versus payment (DVP) basis. Securities will be held by a third party custodian designated by the Treasurer and evidenced by safekeeping receipts. 13.0 MAXIMUM MATURITIES To the extent possible the City of Diamond Bar will attempt to match its investments with anticipated cash flow requirements. The prescribed method of the City of Diamond Bar shall be referred to as “layering” the investments. Monies not needed to cover immediate operating costs may be invested up to a five year maturity. 14.0 INTERNAL CONTROLS The City Treasurer and the Finance Director shall establish procedures that separate the internal responsibility for management and accounting of the investmen t portfolio. An analysis by an independent, external auditor shall be conducted periodically to review internal controls, account activity and compliance with policies and procedures. 15.0 REPORTING As required by California Government Code Section 53607, a monthly report of investments will be provided to the City Council. The required elements of this report are as follows: a) Type of investment b) Issuer c) Date of Maturity d) Amount of deposit or cost of security e) Current market value of securities with maturity in excess of twelve months f) Statement relating the report to the Statement of Investment Policy g) Rate of interest h) Statement that there are sufficient funds to meet the next six months' obligations The basic premise underlying the City of Diamond Bar's investment philosophy is to insure that money is always available when needed. 16.0 Investment Policy Adoption The City of Diamond Bar’s investment policy shall be adopted by resolution of the City Council. The policy shall be reviewed annually by the City Council and any modifications made thereto must be approved by the City Council. 4.3.b Packet Pg. 43 8 Attachments: Appendix A - Broker Dealer Questionnaire Appendix B - Glossary of Cash and Investment Management Terms Appendix C - Local Agency Investment Fund Description 4.3.b Packet Pg. 44 9 APPENDIX A CITY OF DIAMOND BAR BROKER/DEALER QUESTIONNAIRE AND CERTIFICATION 1. Name of Firm: 2. Address: 3. Telephone: ( ) ( ) ______ ___ ______ __ 4. Broker's Representative to the City (attach resume): Name: Title: Telephone: ( ) 5. Manager/Partner-in-Charge (attach resume): Name: Title: Telephone: ( ) 6. List all personnel who will be trading with or quoting securities to City employees (attach resume) Name: Title: Telephone: ( ) ( ) _____ _ ___ ______ __ 7. Which of the above personnel have read the City's investment policy? _________________________________________________________________ _________________________________________________________________ 8. Is your firm a primary dealer in United States Government Securities? Yes____ No____ 4.3.b Packet Pg. 45 10 9. List the total volume of United States Government and Agency Securities for the last calendar year. Firm-wide $_______________ No. of Transactions Your local office $__________ No. of Transactions 10. Which instruments are offered regularly by your local office? ___ Treasury Bills ___ CMO’s ___ Treasury Notes/Bonds ___ Bank CD’s ___ BA’s (domestic) ___ S & L CD’s ___ BA’s (foreign) ___ Repos ___ Commercial Paper ___ Reverse Repos ___ Agencies (specify): ___ Other (specify): 11. References -- Please identify your most directly comparable public sector clients in our geographical area. Entity __________________________ Contact ________________________ Telephone ( ) ___________________ ( ) Client Since 12. Have any of your clients ever sustained a loss on a securities transaction arising from a misunderstanding or misrepresentation of the risk characteristics of the instrument? If so, explain. 13. Has your local office ever subject to a regulatory or state/federal agency investigation for alleged improper, fraudulent, disreputable or unfair activities related to the sale of securities? Have any of your employees been so investigated? If so explain: 14. Has a client ever claimed in writing that your firm was responsible for investment losses? If so, explain. _____________________________________________ 4.3.b Packet Pg. 46 15. Explain your normal custody and delivery process. Who audits these fiduciary systems? Can you meet safekeeping requirements? ___________________ 16. How many and what percentage of your transactions failed Last month? ___________ Last year? ______________ 17. Describe the capital line and trading limits of the office that would conduct business with the City of Diamond Bar. 18. Does your firm participate in the S.I.P.C. insurance program if not, explain. 19. What portfolio information, if any, do you require from your clients? 20. What reports, transactions, confirmations and paper trail will the City receive? 21. Does your firm offer investment training to your clients? ___Yes ___No 22. Please enclose the following: Latest audited financial statements. Samples of reports, transactions, and confirmations the City will receive. Samples of research reports and/or publications that your firm regularly provides to clients. Complete schedule of fees and charges for various transactions. 4.3.b Packet Pg. 47 12 ***CERTIFICATION*** I hereby certify that I have personally read the Statement of Investment Policy of the City of Diamond Bar, and have implemented reasonable procedures and a system of controls designed to preclude imprudent investment activities arising out of transactions conducted between our firm and the City of Diamond Bar. All sales personnel will be routinely informed of the City's investment objectives, horizons, outlooks, strategies and risk constraints whenever we are so advised by the City. We pledge to exercise due diligence in informing the City of Diamond Bar of all foreseeable risks associated with fina ncial transactions conducted with our firm. Under penalties of perjury, the responses to this questionnaire are true and accurate to the best of my knowledge. Signed __________________________ Date Title _____________________________ Countersignature* __________________ Date Title _____________________________ * Company president or person in charge of government securities operations. 4.3.b Packet Pg. 48 13 Appendix B Glossary of Cash and Investment Management Terms Accrued Interest. Interest earned but which has not yet been paid or received. Agency. See "Federal Agency Securities." Ask Price. Price at which a broker/dealer offers to sell a security to an investor. Also known as “offered price.” Asset Backed Securities (ABS). A fixed-income security backed by notes or receivables against assets other than real estate. Generally issued by special purpose companies that “own” the assets and issue the ABS. Examples include securities backed by auto loans, credit card receivables, home equity loans, manufactured housing loans, farm equipment loans and aircraft leases. Average Life. The average length of time that an issue of serial bonds and/or term bonds with a mandatory sinking fund feature is expected to be outstanding. Bankers' Acceptance (BA's). A draft or bill of exchange drawn upon and accepted by a bank. Frequently used to finance shipping of international goods. Used as a short-term credit instrument, bankers' acceptances are traded at a discount from face value as a money market instrument in the secondary market on the basis of the credit quality of the guaranteeing bank. Basis Point. One hundredth of one percent, or 0.01%. Thus 1% equals 100 basis points. Bearer Security. A security whose ownership is determined by the holder of the physical security. Typically, there is no registration on the issuer’s books. Title to bearer securities is transferred by delivery of the physical security or certificate. Also known as “physical securities.” Benchmark Bills: In November 1999, FNMA introduced its Benchmark Bills program, a short- term debt securities issuance program to supplement its existing discount note program. The program includes a schedule of larger, weekly issues in three- and six-month maturities and biweekly issues in one-year for Benchmark Bills. Each issue is brought to market via a Dutch (single price) auction. FNMA conducts a weekly auction for each Benchmark Bill maturity and accepts both competitive and non-competitive bids through a web based auction system. This program is in addition to the variety of other discount note maturities, with rates posted on a daily basis, which FNMA offers. FNMA's Benchmark Bills are unsecured general obligations that are issued in book- entry form through the Federal Reserve Banks. There are no periodic payments of interest on Benchmark Bills, which are sold at a discount from the principal amount and payable at par at maturity. Issues under the Benchmark program constitute the same credit standing as other FNMA discount notes; they simply add organization and liquidity to the short- term Agency discount note market. Benchmark Notes/Bonds: Benchmark Notes and Bonds are a series of FNMA “bullet” maturities (non-callable) issued according to a pre-announced calendar. Under its Benchmark Notes/Bonds program, 2, 3, 5, 10 and 30- year maturities are issued each quarter. Each Benchmark Notes new 4.3.b Packet Pg. 49 14 issue has a minimum size of $4 billion, 30- year new issues having a minimum size of $1 billion, with re-openings based on investor demand to further enhance liquidity. The amount of non-callable issuance has allowed FNMA to build a yield curve in Benchmark Notes and Bonds in maturities ranging from 2 to 30 years. The liquidity emanating from these large size issues has facilitated favorable financing opportunities through the development of a liquid overnight and term repo market. Issues under the Benchmark program constitute the same credit standing as other FNMA issues; they simply add organization and liquidity to the intermediate- and long-term Agency market. Benchmark. A market index used as a comparative basis for measuring the performance of an investment portfolio. A performance benchmark should represent a close correlation to investment guidelines, risk tolerance and duration of the actual portfolio's investments. Bid Price. Price at which a broker/dealer offers to purchase a security from an investor. Bond Market Association (BMA). The bond market trade association representing the largest securities markets in the world. In addition to publishing a Master Repurchase Agreement, widely accepted as the industry standard document for Repurchase Agreements, the BMA also recommends bond market closures and early closes due to holidays. Bond. Financial obligation for which the issuer promises to pay the bondholder (the purchaser or owner of the bond) a specified stream of future cash flows, including periodic interest payments and a principal repayment. Book Entry Securities. Securities that are recorded in a customer’s account electronically through one of the financial markets electronic delivery and custody systems, such as the Fed Securities wire, DTC and PTC (as opposed to bearer or physical securities). The trend is toward a certificate-free society in order to cut down on paperwork and to diminish investors’ concerns about the certificates themselves. The vast majority of securities are now book entry securities. Book Value. The value at which a debt security is reflected on the holder's records at any point in time. Book value is also called “amortized cost” as it represents the original cost of an investment adjusted for amortization of premium or accretion of discount. Also called “carrying value.” Book value can vary over time as an investment approaches maturity and differs from “market value” in that it is not affected by changes in market interest rates. Broker/Dealer. A person or firm transacting securities business with customers. A “broker” acts as an agent between buyers and sellers, and receives a commission for these services. A “dealer” buys and sells financial assets from its own portfolio. A dealer takes risk by owning inventory of securities, whereas a broker merely matches up buyers and sellers. See also "Primary Dealer." Bullet Notes/Bonds. Notes or bonds that have a single maturity date and are non-callable. California Local Agency Bonds: Bonds that are issued by a California county, city, city and county, including a chartered city or county, school district, community college district, public district, county board of education, county superintendent of schools, or any public or municipal corporation. Call Date. Date at which a call option may be or is exercised. 4.3.b Packet Pg. 50 15 Call Option. The right, but not the obligation, of an issuer of a security to redeem a security at a specified value and at a specified date or dates prior to its stated maturity date. Most fixed- income calls are a par, but can be at any previously established price. Securities issued with a call provision typically carry a higher yield than similar securities issued without a call feature. There are three primary types of call options (1) European - one-time calls, (2) Bermudan - periodically on a predetermined schedule (quarterly, semi-annual, annual), and (3) American - continuously callable at any time on or after the call date. There is usually a notice period of at least 5 business days prior to a call date. Callable Bonds/Notes. Securities, which contain an imbedded call option giving the issuer, the right to redeem the securities prior to maturity at a predetermined price and time. Certificate of Deposit (CD). Bank obligation issued by a financial institution generally offering a fixed rate of return (coupon) for a specified period of time (maturity). Can be as long as 10 years to maturity, but most CDs purchased by public agencies are one year and under. Collateral. Investment securities or other property that a borrower pledges to secure repayment of a loan, secure deposits of public monies, or provide security for a repurchase agreement. Collateralization. Process by which a borrower pledges securities, property, or other deposits for securing the repayment of a loan and/or security. Collateralized Mortgage Obligation (CMO). A security that pools together mortgages and separates them into short, medium, and long-term positions (called tranches). Tranches are set up to pay different rates of interest depending upon their maturity. Interest payments are usually paid monthly. In “plain vanilla” CMOs, principal is not paid on a tranche until all shorter tranches have been paid off. This system provides interest and principal in a more predictable manner. A single pool of mortgages can be carved up into numerous tranches each with its own payment and risk characteristics. Commercial Paper. Short term unsecured promissory note issued by a company or financial institution. Issued at a discount and matures for par or face value. Usually a maximum maturity of 270 days, and given a short-term debt rating by one or more NRSROs. Convexity. A measure of a bond's price sensitivity to changing interest rates. A high convexity indicates greater sensitivity of a bond's price to interest rate changes. Corporate Note. A debt instrument issued by a corporation with a maturity of greater than one year and less than ten years. Counterparty. The other party in a two party financial transaction. "Counterparty risk" refers to the risk that the other party, to a transaction, will fail in its related obligations. For example, the bank or broker/dealer in a repurchase agreement. Coupon Rate. Annual rate of interest on a debt security, expressed as a percentage of the bond’s face value. Current Yield. Annual rate of return on a bond based on its price. Calculated as (coupon rate / price), but does not accurately reflect a bond’s true yield level. 4.3.b Packet Pg. 51 16 Custody. Safekeeping services offered by a bank, financial institution or trust company, referred to as the “custodian.” Service normally includes the holding and reporting of the customer's securities, the collection and disbursement of income, securities settlement and market values. Dealer. A dealer, as opposed to a broker, acts as a principal in all transactions, buying and selling for his own account. Delivery Versus Payment (DVP). Settlement procedure in which securities are delivered versus payment of cash, but only after cash has been received. Most security transactions, including those through the Fed Securities Wire system and DTC, are done DVP as a protection for both the buyer and seller of securities. Depository Trust Company (DTC). A firm through which members can use a computer to arrange for securities to be delivered to other members without physical delivery of certificates. A member of the Federal Reserve System and owned mostly by the New York Stock Exchange, the Depository Trust Company uses computerized debit and credit entries. Most corporate securities, commercial paper, CDs and BAs clear through DTC. Derivatives. For hedging purposes, common derivatives are options, futures, swaps and swaptions. All Collateralized Mortgage Obligations (“CMOs”) are derivatives. (1) Financial instruments whose return profile is linked to, or derived from, the movement of one or more underlying index or security, and may include a leveraging factor, or (2) financial contracts based upon notional amounts whose value is derived from an underlying index or security (interest rates, foreign exchange rates, equities or commodities). Derivative Security. Financial instrument created from, or whose value depends upon, one or more underlying assets or indexes of asset values. Designated Bond. FFCB’s regularly issued, liquid, non-callable securities that generally have a 2 or 3 year original maturity. New issues of Designated Bonds are $1 billion or larger. Re- openings of existing Designated Bond issues are generally a minimum of $100 million. Designated Bonds are offered through a syndicate of two to six dealers. Twice each month the Funding Corporation announces its intention to issue a new Designated Bond, reopen an existing issue, or to not issue or reopen a Designated Bond. Issues under the Designated Bond program constitute the same credit standing as other FFCB issues; they simply add organization and liquidity to the intermediate- and long-term Agency market. Discount Notes. Unsecured general obligations issued by Federal Agencies at a discount. Discount notes mature at par and can range in maturity from overnight to one year. Very large primary (new issue) and secondary markets. Discount Rate. Rate charged by the system of Federal Reserve Banks on overnight loans to member banks. Changes to this rate are administered by the Federal Reserve and closely mirror changes to the “fed funds rate.” Discount Securities. Non-interest bearing money market instruments that are issued at discount and redeemed at maturity for full face value. Examples include: U.S. Treasury Bills, Federal Agency Discount Notes, Bankers' Acceptances and Commercial Paper. Discount. The amount by which a bond or other financial instrument sells below its face 4.3.b Packet Pg. 52 17 value. See also "Premium." Diversification. Dividing investment funds among a variety of security types, maturities, industries and issuers offering potentially independent returns. Dollar Price. A bond’s cost expressed as a percentage of its face value. For example, a bond quoted at a dollar price of 95 ½, would have a principal cost of $955 per $1,000 of face value. Duff & Phelps. One of several NRSROs that provide credit ratings on corporate and bank debt issues. Duration. The weighted average maturity of a security’s or portfolio’s cash flows, where the present values of the cash flows serve as the weights. The greater the duration of a security/portfolio, the greater its percentage price volatility with respect to changes in interest rates. Used as a measure of risk and a key tool for managing a portfolio versus a benchmark and for hedging risk. There are also different kinds of duration used for different purposes (e.g. MacAuley Duration, Modified Duration). Fannie Mae. See "Federal National Mortgage Association." Fed Money Wire. A computerized communications system that connects the Federal Reserve System with its member banks, certain U. S. Treasury offices, and the Washington D.C. office of the Commodity Credit Corporation. The Fed Money Wire is the book entry system used to transfer cash balances between banks for themselves and for customer accounts. Fed Securities Wire. A computerized communications system that facilitates book entry transfer of securities between banks, brokers and customer accounts, used primarily for settlement of U.S. Treasury and Federal Agency securities. Fed. See "Federal Reserve System." Federal Agency Security. A debt instrument issued by one of the Federal Agencies. Federal Agencies are considered second in credit quality and liquidity only to U.S. Treasuries. Federal Agency. Government sponsored/owned entity created by the U.S. Congress, generally for the purpose of acting as a financial intermediary by borrowing in the marketplace and directing proceeds to specific areas of the economy considered to otherwise have restricted access to credit markets. The largest Federal Agencies are GNMA, FNMA, FHLMC, FHLB, FFCB, SLMA, and TVA. Federal Deposit Insurance Corporation (FDIC). Federal agency that insures deposits at commercial banks, currently to a limit of $250,000 per depositor per bank. Federal Farm Credit Bank (FFCB). One of the large Federal Agencies. A government sponsored enterprise (GSE) system that is a network of cooperatively-owned lending institutions that provides credit services to farmers, agricultural cooperatives and rural utilities. The FFCBs act as financial intermediaries that borrow money in the capital markets and use the proceeds to make loans and provide other assistance to farmers and farm-affiliated businesses. Consists of the consolidated operations of the Banks for Cooperatives, Federal Intermediate Credit Banks, and Federal Land Banks. Frequent issuer of discount notes, agency notes and callable agency securities. FFCB debt is not an obligation of, nor is it guaranteed by 4.3.b Packet Pg. 53 18 the U.S. government, although it is considered to have minimal credit risk due to its importance to the U.S. financial system and agricultural industry. Also issues notes under its “designated note” program. Federal Funds (Fed Funds). Funds placed in Federal Reserve Banks by depository institutions in excess of current reserve requirements, and frequently loaned or borrowed on an overnight basis between depository institutions. Federal Funds Rate (Fed Funds Rate). The interest rate charged by a depository institution lending Federal Funds to another depository institution. The Federal Reserve influences this rate by establishing a "target" Fed Funds rate associated with the Fed's management of monetary policy. Federal Home Loan Bank System (FHLB). One of the large Federal Agencies. A government sponsored enterprise (GSE) system, consisting of wholesale banks (currently twelve district banks) owned by their member banks, which provides correspondent banking services and credit to various financial institutions, financed by the issuance of securities. The principal purpose of the FHLB is to add liquidity to the mortgage markets. Although FHLB does not directly fund mortgages, it provides a stable supply of credit to thrift institutions that make new mortgage loans. FHLB debt is not an obligation of, nor is it guaranteed by the U.S. government, although it is considered to have minimal credit risk due to its importance to the U.S. financial system and housing market. Frequent issuer of discount notes, agency notes and callable agency securities. Also issues notes under its “global note” and “TAP” programs. Federal Home Loan Mortgage Corporation (FHLMC or "Freddie Mac"). One of the large Federal Agencies. A government sponsored public corporation (GSE) that provides stability and assistance to the secondary market for home mortgages by purchasing first mortgages and participation interests financed by the sale of debt and guaranteed mortgage backed securities. FHLMC debt is not an obligation of, nor is it guaranteed by the U.S. government, although it is considered to have minimal credit risk due to its importance to the U.S. financial system and housing market. Frequent issuer of discount notes, agency notes, callable agency securities and MBS. Also issues notes under its “reference note” program. Federal National Mortgage Association (FNMA or "Fannie Mae"). One of the large Federal Agencies. A government sponsored public corporation (GSE) that provides liquidity to the residential mortgage market by purchasing mortgage loans from lenders, financed by the issuance of debt securities and MBS (pools of mortgages packaged together as a security). FNMA debt is not an obligation of, nor is it guaranteed by the U.S. government, although it is considered to have minimal credit risk due to its importance to the U.S. financial system and housing market. Frequent issuer of discount notes, agency notes, callable agency securities and MBS. Also issues notes under its “benchmark note” program. Federal Reserve Bank. One of the 12 distinct banks of the Federal Reserve System. Federal Reserve System (the Fed). The independent central bank system of the United States that establishes and conducts the nation's monetary policy. This is accomplished in three major ways: (1) raising or lowering bank reserve requirements, (2) raising or lowering the target Fed Funds Rate and Discount Rate, and (3) in open market operations by buying and selling government securities. The Federal Reserve System is made up of twelve Federal Reserve 4.3.b Packet Pg. 54 19 District Banks, their branches, and many national and state banks throughout the nation. It is headed by the seven member Board of Governors known as the “Federal Reserve Board” and headed by its Chairman. Financial Industry Regulatory Authority, Inc (FINRA). A private corporation that acts as a self-regulatory organization (SRO). FINRA is the successor to the National Association of Securities Dealers, Inc. (NASD). Though sometimes mistaken for a government agency, it is a non-governmental organization that performs financial regulation of member brokerage firms and exchange markets. The government also has a regulatory arm for investments, the Securities and Exchange Commission. Fiscal Agent/Paying Agent. A bank or trust company that acts, under a trust agreement with a corporation or municipality, in the capacity of general treasurer. The agent performs such duties as making coupon payments, paying rents, redeeming bonds, and handling taxes relating to the issuance of bonds. Fitch Investors Service, Inc. One of several NRSROs that provide credit ratings on corporate and municipal debt issues. Floating Rate Security (FRN or “floater”). A bond with an interest rate that is adjusted according to changes in an interest rate or index. Differs from variable-rate debt in that the changes to the rate take place immediately when the index changes, rather than on a predetermined schedule. See also “Variable Rate Security.” Freddie Mac. See "Federal Home Loan Mortgage Corporation". Ginnie Mae. See "Government National Mortgage Association". Global Notes: Notes designed to qualify for immediate trading in both the domestic U.S. capital market and in foreign markets around the globe. Usually large issues that are sold to investors worldwide and therefore have excellent liquidity. Despite their global sales, global notes sold in the U.S. are typically denominated in U.S. dollars. Government National Mortgage Association (GNMA or "Ginnie Mae"). One of the large Federal Agencies. Government-owned Federal Agency that acquires, packages, and resells mortgages and mortgage purchase commitments in the form of mortgage-backed securities. Largest issuer of mortgage pass-through securities. GNMA debt is guaranteed by the full faith and credit of the U.S. government (one of the few agencies that is actually full faith and credit of the U.S.). Government Securities. An obligation of the U.S. government, backed by the full faith and credit of the government. These securities are regarded as the highest quality of investment securities available in the U.S. securities market. See "Treasury Bills, Notes, Bonds, and SLGS." Government Sponsored Enterprise (GSE). Privately owned entity subject to federal regulation and supervision, created by the U.S. Congress to reduce the cost of capital for certain borrowing sectors of the economy such as students, farmers, and homeowners. GSEs carry the implicit backing of the U.S. Government, but they are not direct obligations of the U.S. Government. For this reason, these securities will offer a yield premium over U.S. Treasuries. Some consider GSEs to be stealth recipients of corporate welfare. Examples of GSEs include: 4.3.b Packet Pg. 55 20 FHLB, FHLMC, FNMA and SLMA. Government Sponsored Enterprise Security. A security issued by a Government Sponsored Enterprise. Considered Federal Agency Securities. Index. A compilation of statistical data that tracks changes in the economy or in financial markets. Interest-Only (IO) STRIP. A security based solely on the interest payments from the bond. After the principal has been repaid, interest payments stop and the value of the security falls to nothing. Therefore, IOs are considered risky investments. Usually associated with mortgage- backed securities. Internal Controls. An internal control structure ensures that the assets of the entity are protected from loss, theft, or misuse. The internal control structure is designed to provide reasonable assurance that these objectives are met. The concept of reasonable assurance recognizes that 1) the cost of a control should not exceed the benefits likely to be derived and 2) the valuation of costs and benefits requires estimates and judgments by management. Internal controls should address the following points: 1. Control of collusion - Collusion is a situation where two or more employees are working in conjunction to defraud their employer. 2. Separation of transaction authority from accounting and record keeping - By separating the person who authorizes or performs the transaction from the people who record or otherwise account for the transaction, a separation of duties is achieved. 3. Custodial safekeeping - Securities purchased from any bank or dealer including appropriate collateral (as defined by state law) shall be placed with an independent third party for custodial safekeeping. 4. Avoidance of physical delivery securities - Book-entry securities are much easier to transfer and account for since actual delivery of a document never takes place. Delivered securities must be properly safeguarded against loss or destruction. The potential for fraud and loss increases with physically delivered securities. 5. Clear delegation of authority to subordinate staff members - Subordinate staff members must have a clear understanding of their authority and responsibilities to avoid improper actions. Clear delegation of authority also preserves the internal control structure that is contingent on the various staff positions and their respective responsibilities. 6. Written confirmation of transactions for investments and wire transfers - Due to the potential for error and improprieties arising from telephone and electronic transactions, all transactions should be supported by written communications and approved by the appropriate person. Written communications may be via fax if on letterhead and if the safekeeping institution has a list of authorized signatures. 7. Development of a wire transfer agreement with the lead bank and third-party custodian - The designated official should ensure that an agreement will be entered into and will address the following points: controls, security provisions, and responsibilities of each party making and receiving wire transfers. 4.3.b Packet Pg. 56 21 Inverse Floater. A floating rate security structured in such a way that it reacts inversely to the direction of interest rates. Considered risky as their value moves in the opposite direction of normal fixed-income investments and whose interest rate can fall to zero. Investment Advisor. A company that provides professional advice managing portfolios, investment recommendations and/or research in exchange for a management fee. Investment Adviser Act of 1940. Federal legislation that sets the standards by which investment companies, such as mutual funds, are regulated in the areas of advertising, promotion, performance reporting requirements, and securities valuations. Investment Grade. Bonds considered suitable for preservation of invested capital; bonds rated a minimum of Baa3 by Moody’s, BBB- by Standard & Poor’s, or BBB- by Fitch. Although “BBB” rated bonds are considered investment grade, most public agencies cannot invest in securities rated below “A.” Liquidity. Relative ease of converting an asset into cash without significant loss of value. Also, a relative measure of cash and near-cash items in a portfolio of assets. Also, a term describing the marketability of a money market security correlating to the narrowness of the spread between the bid and ask prices. Local Agency Investment Fund (LAIF): A voluntary investment fund open to state and local government entities and certain non-profit organizations in California in which organization pools their funds for investment. LAIF is managed by the State Treasurer’s Office. Long-Term Core Investment Program. Funds that are not needed within a one year period. Market Value. The fair market value of a security or commodity. The price at which a willing buyer and seller would pay for a security. Mark-to-market. Adjusting the value of an asset to its market value, reflecting in the process unrealized gains or losses. Master Repurchase Agreement. A widely accepted standard agreement form published by the Bond Market Association (BMA) that is used to govern and document Repurchase Agreements and protect the interest of parties in a repo transaction. Maturity Date. Date on which principal payment of a financial obligation is to be paid. Medium Term Notes (MTN's). Used frequently to refer to corporate notes of medium maturity (5-years and under). Technically, any debt security issued by a corporate or depository institution with a maturity from 1 to 10 years and issued under an MTN shelf registration. Usually issued in smaller issues with varying coupons and maturities, and underwritten by a variety of broker/dealers (as opposed to large corporate deals issued and underwritten all at once in large size and with a fixed coupon and maturity). Money Market. The market in which short-term debt instruments (bills, commercial paper, bankers’ acceptance, etc.) are issued and traded. Money Market Mutual Fund (MMF). A type of mutual fund that invests solely in money 4.3.b Packet Pg. 57 22 market instruments, such as: U.S. Treasury bills, commercial paper, bankers' acceptances, and repurchase agreements. Money market mutual funds are registered with the SEC under the Investment Company Act of 1940 and are subject “rule 2a-7” which significantly limits average maturity and credit quality of holdings. MMF’s are managed to maintain a stable net asset value (NAV) of $1.00. Many MMFs carry ratings by a NRSRO. Moody's Investors Service. One of several NRSROs that provide credit ratings on corporate and municipal debt issues. Mortgage Backed Securities (MBS). Mortgage-backed securities represent an ownership interest in a pool of mortgage loans made by financial institutions, such as savings and loans, commercial banks, or mortgage companies, to finance the borrower's purchase of a home or other real estate. The majority of MBS are issued and/or guaranteed by GNMA, FNMA and FHLMC. There are a variety of MBS structures, some of which can be very risky and complicated. All MBS have reinvestment risk as actual principal and interest payments are dependent on the payment of the underlying mortgages which can be prepaid by mortgage holders to refinance and lower rates or simply because the underlying property was sold. Mortgage Pass-Through Securities. A pool of residential mortgage loans with the monthly interest and principal distributed to investors on a pro-rata basis. Largest issuer is GNMA. Municipal Note/Bond. A debt instrument issued by a state or local government unit or public agency. The vast majority of municipals are exempt from state and federal income tax, although some non-qualified issues are taxable. Mutual Fund. Portfolio of securities professionally managed by a registered investment company that issues shares to investors. Many different types of mutual funds exist (bond, equity, money fund); all except money market funds operate on a variable net asset value (NAV). Negotiable Certificate of Deposit (Negotiable CD). Large denomination CDs ($100,000 and larger) that are issued in bearer form and can be traded in the secondary market. Net Asset Value. The market value of one share of an investment company, such as a mutual fund. This figure is calculated by totaling a fund's assets which includes securities, cash, and any accrued earnings, subtracting this from the fund's liabilities and dividing this total by the number of shares outstanding. This is calculated once a day based on the closing price for each security in the fund's portfolio. (See below.) [(Total assets) - (Liabilities)]/(Number of shares outstanding) NRSRO. A “Nationally Recognized Statistical Rating Organization.” A designated rating organization that the SEC has deemed a strong national presence in the U.S. NRSROs provide credit ratings on corporate and bank debt issues. Only ratings of a NRSRO may be used for the regulatory purposes of rating. Includes Moody’s, S&P, Fitch and Duff & Phelps. Offered Price. See also "Ask Price." Open Market Operations. Federal Reserve monetary policy tactic entailing the purchase or sale of government securities in the open market by the Federal Reserve System from and to primary dealers in order to influence the money supply, credit conditions, and interest rates. 4.3.b Packet Pg. 58 23 Par Value. Face value, stated value or maturity value of a security. Physical Delivery. Delivery of readily available underlying assets at contract maturity. Portfolio. Collection of securities and investments held by an investor. Premium. The amount by which a bond or other financial instrument sells above its face value. See also "Discount." Primary Dealer. Any of a group of designated government securities dealers designated by to the Federal Reserve Bank of New York. Primary dealers can buy and sell government securities directly with the Fed. Primary dealers also submit daily reports of market activity and security positions held to the Fed and are subject to its informal oversight. Primary dealers are considered the largest players in the U.S. Treasury securities market. Prime Paper. Commercial paper of high quality. Highest rated paper is A-1+/A-1 by S&P and P-1 by Moody’s. Principal. Face value of a financial instrument on which interest accrues. May be less than par value if some principal has been repaid or retired. For a transaction, principal is par value times price and includes any premium or discount. Prudent Investor Standard. Standard that requires that when investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, a trustee shall act with care, skill, prudence, and diligence under the circumstances then prevailing, including, but not limited to, the general economic conditions and the anticipated needs of the agency, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the agency. More stringent than the “prudent person” standard as it implies a level of knowledge commensurate with the responsibility at hand. Range Note. A type of structured note that accrues interest daily at a set coupon rate that is tied to an index. Most range notes have two coupon levels; a higher accrual rate for the period the index is within a designated range, the lower accrual rate for the period that the index falls outside the designated range. This lower rate may be zero and may result in zero earnings. Rate of Return. Amount of income received from an investment, expressed as a percentage of the amount invested. Realized Gains (Losses). The difference between the sale price of an investment and its book value. Gains/losses are “realized” when the security is actually sold, as compared to “unrealized” gains/losses which are based on current market value. See “Unrealized Gains (Losses).” Reference Bills: FHLMC’s short-term debt program created to supplement its existing discount note program by offering issues from one month through one year, auctioned on a weekly or on an alternating four-week basis (depending upon maturity) offered in sizeable volumes ($1 billion and up) on a cycle of regular, standardized issuance. Globally sponsored and distributed, 4.3.b Packet Pg. 59 24 Reference Bill issues are intended to encourage active trading and market-making and facilitate the development of a term repo market. The program was designed to offer predictable supply, pricing transparency and liquidity, thereby providing alternatives to U.S. Treasury bills. FHLMC’s Reference Bills are unsecured general corporate obligations. This program supplements the corporation’s existing discount note program. Issues under the Reference program constitute the same credit standing as other FHLMC discount notes; they simply add organization and liquidity to the short-term Agency discount note market. Reference Notes: FHLMC’s intermediate-term debt program with issuances of 2, 3, 5, 10 and 30- year maturities. Initial issuances range from $2 - $6 billion with re-openings ranging $1 - $4 billion. The notes are high-quality bullet structures securities that pay interest semiannually. Issues under the Reference program constitute the same credit standing as other FHLMC notes; they simply add organization and liquidity to the intermediate- and long-term Agency market. Repurchase Agreement (Repo). A short-term investment vehicle where an investor agrees to buy securities from a counterparty and simultaneously agrees to resell the securities back to the counterparty at an agreed upon time and for an agreed upon price. The difference between the purchase price and the sale price represents interest earned on the agreement. In effect, it represents a collateralized loan to the investor, where the securities are the collateral. Can be DVP, where securities are delivered to the investor’s custodial bank, or “tri-party” where the securities are delivered to a third party intermediary. Any type of security can be used as “collateral,” but only some types provide the investor with special bankruptcy protection under the law. Repos should be undertaken only when an appropriate BMA approved master repurchase agreement is in place. Reverse Repurchase Agreement (Reverse Repo). A repo from the point of view of the original seller of securities. Used by dealers to finance their inventory of securities by essentially borrowing at short-term rates. Can also be used to leverage a portfolio and in this sense, can be considered risky if used improperly. Safekeeping. Service offered for a fee, usually by financial institutions, for the holding of securities and other valuables. Safekeeping is a component of custody services. Secondary Market. Markets for the purchase and sale of any previously issued financial instrument. Securities Lending. An arrangement between and investor and a custody bank that allows the custody bank to “loan” the investors investment holdings, reinvest the proceeds in permitted investments, and shares any profits with the investor. Should be governed by a securities lending agreement. Can increase the risk of a portfolio in that the investor takes on the default risk on the reinvestment at the discretion of the custodian. Sinking Fund. A separate accumulation of cash or investments (including earnings on investments) in a fund in accordance with the terms of a trust agreement or indenture, funded by periodic deposits by the issuer (or other entity responsible for debt service), for the purpose of assuring timely availability of moneys for payment of debt service. Usually used in connection with term bonds. 4.3.b Packet Pg. 60 25 Spread. The difference between the price of a security and similar maturity U.S. Treasury investments, expressed in percentage terms or basis points. A spread can also be the absolute difference in yield between two securities. The securities can be in different markets or within the same securities market between different credits, sectors, or other relevant factors. Standard & Poor's. One of several NRSROs that provide credit ratings on corporate and municipal debt issues. STRIPS (Separate Trading of Registered Interest and Principal of Securities). Acronym applied to U.S. Treasury securities that have had their coupons and principal repayments separated into individual zero-coupon Treasury securities. The same technique and "strips" description can be applied to non-Treasury securities (e.g. FNMA strips). Structured Notes. Notes that have imbedded into their structure options such as step-up coupons or derivative- based returns. Supranational Debt. The debt of an international or multi-lateral financial agency used to finance economic and infrastructure development, environmental protection, poverty reduction and renewable energy around the world. Supranational debt is typically rated AAA by most NRSRO’s as these entities are well-capitalized, have significant capital commitments from a diverse capital base, conservative lending and risk management practices and strong supervision. Swap. Trading one asset for another. TAP Notes: Federal Agency notes issued under the FHLB TAP program. Launched in 6/99 as a refinement to the FHLB bullet bond auction process. In a break from the FHLB’s traditional practice of bringing numerous small issues to market with similar maturities, the TAP Issue Program uses the four most common maturities and reopens them up regularly through a competitive auction. These maturities (2, 3, 5 and 10 year) will remain open for the calendar quarter, after which they will be closed and a new series of TAP issues will be opened to replace them. This reduces the number of separate bullet bonds issued, but generates enhanced awareness and liquidity in the marketplace through increased issue size and secondary market volume. Tennessee Valley Authority (TVA). One of the large Federal Agencies. A wholly owned corporation of the United States government that was established in 1933 to develop the resources of the Tennessee Valley region in order to strengthen the regional and national economy and the national defense. Power operations are separated from non-power operations. TVA securities represent obligations of TVA, payable solely from TVA's net power proceeds, and are neither obligations of nor guaranteed by the United States. TVA is currently authorized to issue debt up to $30 billion. Under this authorization, TVA may also obtain advances from the U.S. Treasury of up to $150 million. Frequent issuer of discount notes, agency notes and callable agency securities. Total Return. Investment performance measured over a period of time that includes coupon interest, interest on interest, and both realized and unrealized gains or losses. Total return includes, therefore, any market value appreciation/depreciation on investments held at period end. Treasuries. Collective term used to describe debt instruments backed by the U.S. Government and issued through the U.S. Department of the Treasury. Includes Treasury bills, 4.3.b Packet Pg. 61 26 Treasury notes, and Treasury bonds. Also a benchmark term used as a basis by which the yields of non-Treasury securities are compared (e.g., "trading at 50 basis points over Treasuries"). Treasury Bills (T-Bills). Short-term direct obligations of the United States Government issued with an original term of one year or less. Treasury bills are sold at a discount from face value and do not pay interest before maturity. The difference between the purchase price of the bill and the maturity value is the interest earned on the bill. Currently, the U.S. Treasury issues 4- week, 13-week and 26-week T-Bills Treasury Bonds. Long-term interest-bearing debt securities backed by the U.S. Government and issued with maturities of ten years and longer by the U.S. Department of the Treasury. The Treasury stopped issuing Treasury Bonds in August 2001. Treasury Notes. Intermediate interest-bearing debt securities backed by the U.S. Government and issued with maturities ranging from one to ten years by the U.S. Department of the Treasury. The Treasury currently issues 2-year, 5-year and 10-year Treasury Notes. Trustee. A bank designated by an issuer of securities as the custodian of funds and official representative of bondholders. Trustees are appointed to insure compliance with the bond documents and to represent bondholders in enforcing their contract with the issuer. Uniform Net Capital Rule. SEC regulation 15C3-1 that outlines the minimum net capital ratio (ratio of indebtedness to net liquid capital) of member firms and non-member broker/dealers. Unrealized Gains (Losses). The difference between the market value of an investment and its book value. Gains/losses are “realized” when the security is actually sold, as compared to “unrealized” gains/losses which are based on current market value. See also “Realized Gains (Losses).” Variable-Rate Security. A bond that bears interest at a rate that varies over time based on a specified schedule of adjustment (e.g., daily, weekly, monthly, semi-annually or annually). See also “Floating Rate Note.” Weighted Average Maturity (or just “Average Maturity”). The average maturity of all securities and investments of a portfolio, determined by multiplying the par or principal value of each security or investment by its maturity (days or years), summing the products, and dividing the sum by the total principal value of the portfolio. A simple measure of risk of a fixed-income portfolio. Weighted Average Maturity to Call. The average maturity of all securities and investments of a portfolio, adjusted to substitute the first call date per security for maturity date for those securities with call provisions. Yield Curve. A graphic depiction of yields on like securities in relation to remaining maturities spread over a time line. The traditional yield curve depicts yields on U.S. Treasuries, although yield curves exist for Federal Agencies and various credit quality corporates as well. Yield curves can be positively sloped (normal) where longer-term investments have higher yields, or “inverted” (uncommon) where longer-term investments have lower yields than shorter ones. 4.3.b Packet Pg. 62 27 Yield to Call (YTC). Same as “Yield to Maturity,” except the return is measured to the first call date rather than the maturity date. Yield to call can be significantly higher or lower than a security’s yield to maturity. Yield to Maturity (YTM). Calculated return on an investment, assuming all cash flows from the security are reinvested at the same original yield. Can be higher or lower than the coupon rate depending on market rates and whether the security was purchased at a premium or discount. There are different conventions for calculating YTM for various types of securities. Yield. There are numerous methods of yield determination. In this glossary, see also "Current Yield,” "Yield Curve," "Yield to Call" and "Yield to Maturity." Appendix C Local Agency Investment Fund Program Description The Local Agency Investment Fund (LAIF) is a voluntary program created by statute in 1977 as an investment alternative for California’s local governments and special districts and it continues today under Treasurer John Chiang’s administration. The enabling legislation for the LAIF is Section 16429.1 et seq. of the California Government Code. This program offers local agencies the opportunity to participate in a major portfolio which invests hundreds of millions of dollars, using the investment expertise of the Treasurer’s Office investment staff at no additional cost to the taxpayer. The LAIF is part of the Pooled Money Investment Account (PIMA). The PMIA began in 1955 and oversight is provided by the Pooled Money Investment Board (PMIB) and an in-house Investment Committee. The PMIB members are the State Treasurer, Director of Finance and State Controller. The Local Investment Advisory Board (LIAB) provides oversight for LAIF. The Board consists of five members as designated by statute. The Chairman is the State Treasurer or his designated representative. Two members qualified by training and experience in the field of investment or finance, and the State Treasurer appoints two members who are treasurers, finance or fiscal officers or business managers employed by any county, city or local district or municipal corporation of this state. The term of each appointment is two years or at the pleasure of the Treasurer. All securities are purchased under the authority of Government Code Section 16430 and 16480.4. The State Treasurer’s Office takes delivery of all securities purchased on a delivery versus payment basis using a third party custodian. All investments are purchased at market and a market valuation is conducted monthly. Additionally, the PMIA has Policies, Goals, and Objectives for the portfolio to make certain that our goals of Safety, Liquidity and Yield are not jeopardized and that prudent 4.3.b Packet Pg. 63 28 management prevails. These policies are formulated by investment staff and reviewed by both the PMIB and the LIAB on an annual basis. The State Treasurer’s Office is audited by the Bureau of State Audits on an annual basis and the resulting opinion is posted to the STO website following its publication. The Bureau of State Audits also has a continuing audit process throughout the year. All investments and LAIF claims are audited on a daily basis by the State Con troller’s Office as well as an in-house audit process involving three separate divisions. Under Federal Law, the State of California cannot declare bankruptcy, thereby allowing the Government Code Section 16429.3 to stand. This Section states that “moneys placed with the Treasurer for deposit in the LAIF by cities, counties, special districts, nonprofit corporations, or qualified quasi-governmental agencies shall not be subject to either of the following: (a) transfer or loan pursuant to Sections 16310, 16312, or 16313, or (b) impoundment or seizure by any state official or state agency.” During the 2002 legislative session, California Government Code Section 16429.4 was added to the LAIF’s enabling legislation. The Section states that “right of a city, co unty, city and county, special district, nonprofit corporation, or qualified quasi-governmental agency to withdraw its deposited moneys from the LAIF, upon demand, may not be altered, impaired, or denied in any way, by any state official or state agency based upon the state’s failure to adopt a State Budget by July 1 of each new fiscal year.” The LAIF has grown from 293 participants and $468 million in 1977 to 2,366 participants and $30.3 billion at the end of April 2020. State Treasurer’s Office Local Agency Investment Fund P.O. Box 942809 Sacramento, CA 94209-0001 (916)653-3001 http://www.treasurer.ca.gov/pmia-laif 4.3.b Packet Pg. 64 Agenda #: 5.1 Meeting Date: October 6, 2020 TO: Honorable Mayor and Members of the City Council FROM: Daniel Fox, City Manager TITLE: SECOND READING OF ORDINANCE NO. 02(2020) AMENDING TITLE 15 OF THE DIAMOND BAR MUNICIPAL CODE TO ADOPT BY REFERENCE, TITLE 32, FIRE CODE, OF THE LOS ANGELES COUNTY CODE, AS AMENDED WHICH CONSTITUTES AN AMENDED VERSION OF THE CALIFORNIA FIRE CODE, 2019 EDITION. STRATEGIC GOAL: Safe, Sustainable & Healthy Community RECOMMENDATION: Open public hearing to receive public testimony, approve for second reading by tit le only and waive full reading, and adopt Ordinance No. 02(2020). BACKGROUND: On September 15, 2020, the City Council considered and introduced the Fire Code Ordinance for first reading and scheduled the public hearing and adoption for the October 6, 2020 meeting. Pursuant to Government Code Sections 50022.3 and 6066, a public notice was advertised in the Inland Valley Daily Bulletin on September 25, 2020. This notice must be published prior to the second reading and public hearing. The base code adopted through the State of California is the California Fire Code. The Los Angeles County Fire Department is the agency having jurisdiction for fire related issues in the City of Diamond Bar. The County amends the California Fire Code to address local climatic, topographical, and geologic conditions as required per the Health and Safety Code Sections 13869.7, 17922, 17958, 17958.5 and 17958.7, and adopts it as part of the Los Angeles County Fire Code. The City Council must adopt these local amendments by ordinance so that the Fire Department and City can enforce the Los Angeles County Fire Code; failure to do so compels the City and Fire Department to enforce only the provisions set forth in the unamended California Fire Code. Further specific information on the Fire Code amendments and adoption background is 5.1 Packet Pg. 65 contained in the September 15, 2020 staff report , included as Attachment 2 for reference. No changes were made by the Council at the September 15, 2020 meeting. COMMENTS FROM OTHER AGENCIES AND ORGANIZATIONS: The Fire Department and City Attorney have received and reviewed the proposed California Building Code amendments, and find them to be acceptable in form and content. NOTICE OF PUBLIC HEARING: Pursuant to the California Government Code 50022.3 and 6066, a public hearing notice was published in the Inland Valley Daily Bulletin on September 25, 2020. LEGAL REVIEW: The City Attorney has reviewed and approved the Ordinance as to form. PREPARED BY: REVIEWED BY: Attachments: 1. 5.1.a Ord. No. 2 (2020) - Fire Code 2. 5.1.b September 15, 2020 City Council Staff Report (without attachments) 5.1 Packet Pg. 66 ORDINANCE NO. 02 (2020) AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR AMENDING TITLE 15 OF THE DIAMOND BAR CITY CODE AND ADOPTING, BY REFERENCE, TITLE 32, FIRE CODE, OF THE LOS ANGELES COUNTY CODE, AS AMENDED WHICH CONSTITUTES AN AMENDED VERSION OF THE CALIFORNIA FIRE CODE, 2019 EDITION. 1. A. RECITALS a. California Government Code Section 50022.1 et seq., authorizes the City of Diamond Bar to adopt by reference the 2016 California Fire Code as set forth in the California Code of Regulations, Title 24, Part 9. b. Pursuant to the California Health and Safety Code Sections 13869.7, 17922, 17958, 17958.5 and 17958.7, the City may make modifications to the Title 24 building standards and requirements that it deems reasonably necessary to protect the health, welfare and safety of the citizens of Diamond Bar because of local climatic, geological, or topographical conditions. c. At least one copy of each of the codes and standards identified in this Ordinance and certified as full, true and correct copies thereof by the City Clerk of the City of Diamond Bar have been filed in the office of the City Clerk in accordance with the provisions of California Government Code Section 50022.6. d. The City introduced for first reading this Ordinance on Se ptember 15, 2020, at which time all interested persons had the opportunity to appear and be heard on the matter of adopting the codes and standards identified in this Ordinance as amended herein. e. Pursuant to California Government Code Section 6066, the Ci ty published notice of the public hearing on September 25, 2020 for the hearings set forth in subsections (iv) above and (vi) below. f. The City held a public hearing on October 6, 2020, at which time all interested persons had the opportunity to appear and be heard on the matter of adopting the codes and standards identified in this Ordinance as amended herein. g. Any and all legal prerequisites relating to the adoption of this Ordinance have occurred. B. ORDINANCE NOW, THEREFORE, the City Council of the City of Diamond Bar does hereby find, determine and ordain as follows: 5.1.a Packet Pg. 67 Ordinance No. 2 (2020) 2 SECTION 1: Findings in Support of Modifications to Title 24 Building Standards. This Council does expressly find and determine that the modifications to the Title 24 building standards set forth herein are reasonably necessary to protect the health, welfare and safety of the citizens of Diamond Bar because of the following local climatic, geological or topographic conditions. (1) The City is located in a seismically active area and is in close proximity to various active faults including the Chino, Sierra Madre, Cucamonga, Whittier, San Jacinto and Raymond Faults It is reasonably foreseeable that an earthquake would render the City particularly vulnerable to devastation. (2) The City has extensive hillside topography, unstable geology, watershed areas, expansive soils, and underground streams. In addition, the regional climate alternates between extended periods of drought and brief periods of rainfall. For these reasons, the City is susceptible to flood conditions. (3) Because of the above-described geological conditions within the City, and the substantial amount of freeway, railroad, and flood control facilities throughout the community, the City, in the event of an earthquake, may be unab le to dispatch an adequate number of fire personnel and apparatus to suppress fires and conduct rescue operations. Moreover, the conditions within Diamond Bar likewise occur in surrounding communities, hereby rendering mutual aid assistance problematic, at best. (4) Due to the City's topography, numerous hillside fire hazard areas are located within its boundaries. (5) Climatic conditions within the community render it extremely likely that, in the event of seasonal high winds and earthquake occurring, the County Fire Department would be unable to suppress numerous fires occurring throughout the community. (6) Located throughout the City, as well as in the surrounding communities, are numerous concentrations of structures which have roofs constructed of thinly cut pieces of wood, otherwise known as untreated shakes, as well as untreated wood shingles. These untreated wood shakes and shingles are extremely combustible in nature. (7) The City is located in an area climatically classified as "arid" and prone to winds of high velocity. Moreover, due to the arid nature of the area, the weather during the windy periods tends to be very warm and dry. The dry weather conditions present a significant threat of wild fire to the City's undeveloped hillsides, wildlands, and nearby homes and highly populated areas. The potential for rapid spread of even small fires create a need for increased levels of fire protection. 5.1.a Packet Pg. 68 Ordinance No. 2 (2020) 3 (8) Additional findings in support of adoption of more restrictive building standards are set forth in Exhibit “A” and incorporated by reference. The Council does hereby further expressly find and determine that the amendments to the Title 24 building standards, set forth herein, are appropriate given the specific local climatic, geological or topographic conditions set forth above. SECTION 2: Chapter 16.00 of the City of Diamond Bar City Code is amended to read, in words and figures, as follows: CHAPTER 16.00 FIRE CODE Sec. 16.00.010. - Adopted. Except as hereinafter provided, Title 32, Fire Code, of the Los Angeles County Code, as amended and in effect on April 10, 2020, which constitutes an amended version of the California Fire Code, 2019 Edition (Part 9 of Title 24 of the California Code of Regulations), Chapters 1 through 80, Appendix O, P, Q, and R, and excluding all other appendices of the 2019 Edition of the California Fire Code with errata, and adopting and incorporating herein by reference into Title 32 of the Los Angeles County Code, the 2018 Edition of the International Fire Code, Chapters 1 through 7, Chapters 9 and 10, Chapter 12, Chapters 20 through 37, Chapters 50 and 51, Chapters 53 through 56, Chapters 59 through 67, Chapter 80, Appendix O, P, Q, and Appendix R is hereby adopted by reference and shall constitute and may be cited as the Fire Code of the City of Diamond Bar. In the event of any conflict between provisions of the California Fire Code, 2019 Edition, International Fire Code 2018 Edition, Title 32 of the Los Angeles County Fire Code, or any amendment to the Fire Code contained in the City of Diamond Bar Municipal Code, the provision contained in the later listed document shall control. A copy of Title 32 of the Los Angeles County Fire Code, along with a copy of the California Fire Code, 2019 Edition, and the International Fire Code 2018 Edition has been deposited in the office of the city clerk and shall be at all times maintained by the city clerk for use and examination by the public. Sec. 16.00.020. - Amendments This section is reserved for future use. Sec. 16.00.030. - Amended. Sec. 16.00.030. - Violations. (a) Every person who violates, or who fails to comply with any of the requirements of, any provision of the fire code, this chapter or chapter 5.1.a Packet Pg. 69 Ordinance No. 2 (2020) 4 16.04, or any provision of any permit or license granted hereunder, or any rule, regulation or policy promulgated pursuant hereto, is guilty of a misdemeanor and shall be punishable as provided in section 1.04.010 of the Municipal Code, unless such violation is otherwise declared to be an infraction by section 16.00.050 of this chapter. Each such violation is a separate offense for each and every day during any portion of which such violation is committed. (b) Every violation determined to be an infraction hereunder is punishable in such manner and to such extent as is provided by section 1.04.010 of the Municipal Code. (c) For the purposes of this section a forfeiture of bail shall be equivalent to a conviction. Sec. 16.00.040. – Responsibility. Any person who personally or through another willfully, negligently, or in violation of law sets a fire, allows a fire to be set, or allows a fire kindled or attended by such person to escape from his or her control, allows any hazardous material to be handled, stored or transported in a manner not in accordance with nationally recognized standards, allows any hazardous material to escape from his or her control, neglects to properly comply with any written notice of the chief, or willfully or negligently allows the continuation of a violation of the fire code and amendments thereto is liable for the expense of fighting the fire or for the expenses incurred during a hazardous materials incident, and such expense shall be a charge against that person. Such charge shall constitute a debt of such person and is collectible by the public agency incurring such expenses in the same manner as in the case of an obligation under a contract, expressed or implied. Sec. 16.00.050. - List of infractions. In accordance with section 16.00.030 of this chapter, the violation of the following sections or subsections of the fire code shall be infractions: 5.1.a Packet Pg. 70 Ordinance No. 2 (2020) 5 Section Offense 303.1 - 303.9 Asphalt kettles 304.1.1 Waste material 304.1.2 Vegetation 304.2 Combustible waste rubbish—storage 305.2 Hot ashes and spontaneous ignition sources 310.4 Removal "No smoking" sign 315.3.2. Stairway-storage under 503.4 Obstructing access roadway 505.1 Address identification 507.5.4 - 507.5.5 Obstruction of fire hydrants 507.5.6 Physical protection-fire hydrants 507.5.7 Firefighting water source markers 507.5.8 Identification-private fire hydrant 507.5.9 Private fire hydrant caps or plugs 604.5 Electrical extension cords 901.7 Failure to notify Fire Department 901.6.4.1 Signs-above ground water control valves 901.6.4.2 Locks-above ground water control valves 901.6.4.3 Identification-above ground water control valves 906.1 - 906.10 Fire extinguishers 912.8 Identification-Fire Department connection 912.9 Breakable caps or plugs-Fire Department connection 1009.9 Exit doors identification 1010.1.9.1 Door-operating devices 1104.3 Sign illumination 2003.2 "No Smoking" signs within aircraft hangers 2108.4 Fire extinguisher-dry cleaning plant 2108.5 No smoking signs-dry cleaning plant 2311.2.2 Waste oil storage 2403.2.7 Welding warning signs 2403.4 Operations and maintenance 2403.4.3 Metal waste cans for rags and waste 5.1.a Packet Pg. 71 Ordinance No. 2 (2020) 6 2404.7.8.5 Filter disposal 2405.3.4 Dip tank covers 2405.4.2 Portable fire protection equipment 2406.5 Maintenance-powder coating 2407.1 Maintenance-electrostatic apparatus 2407.5.2 Signs-"Danger" 2408.5 Sources of ignition (organic peroxides) 2505.1 Housekeeping-fruit ripening room 2803.1 Lumber yards-housekeeping 2803.3.3 Combustible waste 3103.12.6.1 Exit sign illumination 3107.18 Vegetation removal 3603.2 Open flame device-boat or marina 3603.4 Rubbish containers-marina 3604.4 Portable fire extinguishers-marinas 4811.9 Fire Department access-motion picture production locations 4811.12 Blocked or obstructed fire hydrants and appliances 5003.5 Hazardous materials signage 5003.7.1 No smoking signs-hazardous materials 5004.11 Combustible materials clearance-hazardous materials storage 5005.3.8 5005.3.8 Combustible materials clearance- hazardous materials storage 5005.3.8 5005.3.8 Combustible materials clearance- hazardous materials storage 5303.4 Markings-compressed gases 5303.5 Security-compressed gases 5701.6 Maintenance and operating practices-flammable and combustible liquids 5704.2.3.1 "No smoking" sign 5704.3.3.4 Empty containers 6107.2 "No smoking" signs-LPG container 6107.3 Combustible material clearance LPG container 8104 Auto wrecking yards-fire apparatus access 5.1.a Packet Pg. 72 Ordinance No. 2 (2020) 7 SECTION 3: Any inconsistencies between the Fire Code as adopted by this Ordinance, and the 2016 Fire Code as set forth in Part 9, of Title 24 of the California Code of Regulations, are changes, modifications, amendments, additions or deletions thereto authorized by California Health and Safety Sections 17958.5 and 17958.7. SECTION 4: To the extent the provisions of this Ordinance are substantially the same as previous provisions of the Diamond Bar Municipal Code, these provisions shall be construed as continuations of those provisions and not as new enactments. SECTION 5: If any section, subsection, subdivision, paragraph, sentence, clause or phrase of this Ordinance or any part hereof or exhibit hereto is for any reason held to be invalid, such invalidity shall not affect the validity of the remaining portions of this Ordinance or any part thereof or exhibit thereto. The City Council of the City of Diamond Bar hereby declares that it would have passed each section, subsection, subdivision, paragraph, sentence, clause or phrase hereof, irrespective of the fact that any one or more sections, subsections, subdivisions, paragraphs, sentences, clauses or phrases be declared invalid. SECTION 6: This ordinance shall be effective upon adoption and shall become operative on the 5th day of November 2020. PASSED, ADOPTED AND APPROVED this 6th day of October 2020. Steve Tye, Mayor ATTEST: I, Kristina Santana, City Clerk of the City of Diamond Bar, do hereby certify that the foregoing Ordinance was introduced at a regular meeting of the City Council of the City of Diamond Bar held on the 15th day of September, 2020, and was finally passed at a regular meeting of the City Council of the City of Diamond Bar held on the 6th day of October 2020, by the following vote: AYES: COUNCIL MEMBERS: NOES: COUNCIL MEMBERS: ABSTAIN: COUNCIL MEMBERS: ABSENT: COUNCIL MEMBERS: __________________________ Kristina Santana, City Clerk 5.1.a Packet Pg. 73 Ordinance No. 2 (2020) 1 Exhibit "A" FINDINGS IN SUPPORT OF ADOPTION OF MORE RESTRICTIVE LOCAL FIRE CODE STANDARDS The provisions of this ordinance contain various changes, modifications, and additions to the 2019 California Fire Code. Some of those changes are administrative in nature in that they do not constitute changes or modifications to requirements contained in the building standards adopted by the State Fire Marshal and published in the California Building Standards Code. Pursuant to Health and Safety Code Sections 17958.5, 17958.7, and 18941.5, the City Council hereby expressly finds and determines that all of the changes and modifications to requirements contained in the building standards published in the California Building Standards Code, contained in this ordinance, which are not administrative in nature, are reasonably necessary because of local climatic, geological, or topographical conditions in the City of Diamond Bar and in the Consolidated Fire Protection District of Los Angeles County. This expressed finding is supported and based upon the following more specific determinations: CLIMATIC — The City of Diamond Bar is located in an area subject to climatic conditions with long periods of low humidity and hot weather, combined with unpredictable seasonal high winds (Santa Ana wind conditions), resulting in increased exposure to fire risk. This combination of events creates an environment that is conducive to rapidly spreading fires. Control of such fires requires rapid response. With the time that is required to deal with potential obstacles from the wind, such as fallen trees, street lights, and utility poles, in addition to the time required to climb 75 feet vertically up flights of stairs, the ability to respond rapidly is negatively impacted. Additionally, there is a significant increase in the amount of wind at 60 feet above the ground. Use of aerial-type firefighting apparatus above this height would place rescue personnel at increased risk of injury. High winds will also cause burning embers to become airborne resulting in the rapid spread of a fire to nearby structures. Immediate containment of a fire is the only method by which it can be controlled during high wind conditions. In high fire severity zones, a unique combination of low humidity, strong winds, and dry vegetation exists. GEOLOGICAL — The City of Diamond Bar is located in the middle of the seismically active area identified as Seismic Zone 4. The viability of the public water system would be questionable at best after a major seismic event. Tall buildings would become vulnerable to uncontrolled fires due to a lack of available water and a n inability to pump sufficient quantities of any available water to floors above the 55 -foot level. A severe seismic event has the potential to negatively impact any rescue or fire suppression activities because it is likely to create significant physical obstacles and logistical challenges. With the probability of strong aftershocks, there exists a need to provide increased protection for anyone on upper floors. 5.1.a Packet Pg. 74 Ordinance No. 2 (2020) 2 Geological conditions created by the numerous faults will result in increased fire danger to structures, delayed Fire Department response, and unique rescue challenges. Seismic events of sufficient magnitude will cause substantial damage to structures. These damages are likely to be accompanied by a substantial number of fires that may exceed the Fire Department suppression capabilities. Accordingly, built-in fire suppression systems provide the only adequate measure to mitigate the potential hazards from and damage caused by such fires. The City of Diamond Bar is subject to occasional severe rainstorms. The impacts from these rainstorms are exacerbated if hillside areas have been burned by wildland fires because significant mud and debris flows can occur. Mud and debris flows can impair Fire Department access or delay response times if access roads are obstructed by mud or debris. TOPOGRAPHICAL — The topographical conditions of the City of Diamond Bar include many mountains, hills, and canyons which tend to accelerate the periodic high - velocity winds by means of a Venturi effect. These canyon winds and the significant growth of vegetation of a combustible nature increase the fire danger. Additionally, long periods of dry, hot weather, combined with unpredictable seasonal winds (Santa Ana wind conditions) result in increased exposure to fire risk. The hillside areas have access roads that are narrow, steep, and contain many sharp curves, all of which makes timely response by large fire apparatus difficult. The specific sections of this code that constitute more restrictive building standards are identified in the table set forth below. The more restrictive building standards contained in this code and identified in the table below shall be applicable only in those cities served by the District which have ratified the aforesaid sections in accordan ce with California Health and Safety Code Section 13869. Section Local Condition Explanation and Findings 304.1.2 Vegetation. Climatic and Topographical Local amendment requiring brush clearance to maintain defensible space for fire operations that is necessary due to Diamond Bar's unique climate and topography to reduce risk of fire and to minimize the spreading of fire to structures. 5.1.a Packet Pg. 75 Ordinance No. 2 (2020) 3 Section Local Condition Explanation and Findings 316.6.1 Structures. Climatic, Geological, and Topographical Imposes additional requirements for the grounding of construction under high-voltage transmission lines to protect property, the public, and firefighters responding to emergencies. Necessary due to Diamond Bar’s unique climate and topography to reduce risk of fire, to reduce the possibility of fires being causes by downed high-voltage transmission lines, to minimize the spreading of fires that may begin under transmission lines, and to protect firefighters responding to emergencies under transmission lines. Further necessary because risk of fire is increased due to the prevalence of earthquakes in Los Angeles County. 326.7 - Fire protection facilities required. Climatic, Geological, and Topographical Local amendment to require fire safety measures including but not limited to water supply, firebreaks, posting of fire watchers, access roads, restriction of activities during high fire hazard and other conditions to maintain reasonable fire safety. Necessary due to Diamond Bar's unique climate and topography to reduce risk of fire, to reduce the possibility of wildland fires spreading to structures, and to minimize impacts of fire. Further necessary because risk of fire is increased due to the prevalence of earthquakes in Los Angeles County. 326.12.2Chimneys. Climatic and Topographical Local amendment to reduce the threat of fires by requiring spark arrestors on chimneys that is necessary due to Los Angeles County's unique climate and topography to reduce risk of fire and to minimize impacts of fire. Such spark arrestors reduce the likelihood of embers exiting a chimney and igniting a fire. 326.14 — Roadway clearance. Climatic and Topographical Local amendment requiring clearance of roadways to provide adequate access for firefighting apparatus, to create defensible space for fire operations, and to reduce the possibility of wildland fires spreading to structures. Necessary due to Los Angeles County's unique climate and topography. 503.1.2 Additional access. Climatic, Geological, and Topographical Provides for additional access requirements necessary because of terrain, climate, or other factors that limit access. Necessary to ensure adequate response times due to the unique climatic and topographical conditions that increase the risk of fires in fire hazard severity zones. Further necessary because risk of fire is increased due to the prevalence of earthquakes in Los Angeles County. 5.1.a Packet Pg. 76 Ordinance No. 2 (2020) 4 Section Local Condition Explanation and Findings 503.2.1 - Dimensions, 503.2.1 .1 , 503.2.1 .2, 503.2.1 .2.1 503.2.1 .2.2 503.2.1 .2.2.1 503.2.1 .2.2.2 Climatic, Geological, and Topographical Requires unobstructed clearance to sky on fire apparatus access roads with exception for protected tree species. Necessary to prevent obstruction of access roads by tree limbs or other obstructions and thus allow for quick response times to fires and other emergencies. Necessary to ensure adequate response times due to the unique climatic and topographical conditions that increase the risk of fires in fire hazard severity zones. Requires sufficient fire apparatus access road widths and the location of said roads in respect to buildings. Necessary becaus e risk of fire and collapse is increased due to the prevalence of earthquakes in Los Angeles County. 503.2.4 Turning radius, 503.2.5 Dead-ends, 503.2.7 Grade. Climatic, Geological, and Topographical Provides for more stringent width, turning radius, and grade specifications for access roads to ensure access for fire apparatus. Necessary due to unique climatic and topographical conditions that increase the risk of fires. Further necessary because risk of fire is increased due to the prevalence of earthquakes in Los Angeles County. 503.4 — Obstruction of fire apparatus access roads. Climatic, Geological, and Topographical Adds speed bumps and speed humps to list of prohibited obstructions to fire apparatus access roads. Speed bumps and speed humps reduce response times to fires and other emergencies because fire apparatus have to slow down to pass over them or drive around them. Necessary to ensure adequate response times due to the unique climatic and topographical conditions that increase the risk of fires in fire hazard severity zones. Further necessary because risk of fire is increased due to the prevalence of earthquakes in Los Angeles County access roads in mobilehome parks and special occupancy parks. Topographical parks. Necessary to ensure adequate water supply and access to such locations due to the unique climatic and topographical conditions that increase the risk of fires in fire hazard severity zones. Further necessary because risk of fire is increased due to the prevalence of earthquakes in Los Angeles County. 504.5 Rooftop barriers and parapets. Climatic, Geological, and Topographical Provides various design and location requirements for solar photovoltaic systems installed on roofs of buildings for residential and commercial structures. Access and spacing requirements ensure firefighter access to the roof, provide access pathways to specific areas of the roof, provide for venting cut-out areas, and to provide emergency egress from the roof. Necessary because of increased danger of fire in Los Angeles County due to climatic and topographical conditions. 5.1.a Packet Pg. 77 Ordinance No. 2 (2020) 5 Section Local Condition Explanation and Findings 504.5 Rooftop barriers and parapets. Climatic, Geological, and Topographical Provides various design and location requirements for solar photovoltaic systems installed on roofs of buildings for residential and commercial structures. Access and spacing requirements ensure firefighter access to the roof, provide access pathways to specific areas of the roof, provide for venting cut-out areas, and to provide emergency egress from the roof. Necessary because of increased danger of fire in Los Angeles County due to climatic and topo graphical conditions. 507.2.2 Water tanks. Climatic, Geological, and Topographical Requires installation and maintenance standards for water tanks providing water for fire protection. Extends certain requirements to associated support structures and piping. Necessary due to the increased risks of fire and exposure that are consequences of the unique climatic, topographical, and geological conditions of Los Angeles County. These unique conditions also increase emergency response times, thereby increasing the time during which these water tank s stems must remain in functional order. 507.5.1.2 Pool draft system in fire hazard severity zones. Climatic, Geological, and Topographical Requires a draft hydrant for swimming pools and spas located in the fire hazard severity zone to provide a source of water to fight fires. Necessary because of unique climatic and topographical conditions that increase the risk of fires in fire hazard severity zones. Further necessary because risk of fire is increased due to the prevalence of earthquakes in Los Angeles County. 507.5.10 Draft system identification sign. Climatic, Geological, and Topographical Provides posting of sign to notify Fire Department of draft hydrant for swimming pools and spas in fire hazard severity zone. Necessary because of unique climatic and topographical conditions that increase the risk of fires in fire hazard severity zones. Further necessary because risk of fire is increased due to the prevalence of earthquakes in Los Angeles County. 510.4.1 .1 , 510.4.1 .2, 510.4.2, 510.4.2.3, 510.5, 510.5.3, 510.6.2 Emergency responder radio coverage. Climatic, Geological, and Topographical When the circumstances of a structure necessitate emergency responder radio coverage systems, this amendment specifies that this coverage be provided in certain areas of the building at which it is critical that emergency personnel have radio coverage. This list of areas is built upon the list of areas that are required to be served when a wired system is installed in lieu of an emergency responder radio coverage system. Systems are required to be provided with standby power for a duration of time. Necessary due to the increased risks of fire, earthquake damage, and electrical power interruption that are consequences of the unique climatic, topographical, and geological conditions of Los Angeles County. Further necessary due to the artificial topographical physical features of a structure or area that limit and/or interfere with emergency radio communications for first responders. 5.1.a Packet Pg. 78 Ordinance No. 2 (2020) 6 Section Local Condition Explanation and Findings 901 .6.4.1 Aboveground water-control valve signs. Climatic, Geological, and Topographical Provides signage requirements for water-control valves to facilitate firefighter identification and use of said valves in an emergency. Necessary because of unique climatic and topographical conditions that increase the risk of fires in fire hazard severity zones. Further necessary because risk of fire is increased due to the prevalence of earthquakes in Los Angeles County. 510.4.1 .1 , 510.4.1 .2, 510. 4.2, 510.4.2.3, 510.5, 510.5.3, 510.6.2 Emergency responder radio coverage. Climatic, Geological, and Topographical When the circumstances of a structure necessitate emergency responder radio coverage systems, this amendment specifies that this coverage be provided in certain areas of the building at which it is critical that emergency personnel have radio coverage. This list of areas is built upon the list of areas that are required to be served when a wired system is installed in lieu of an emergency responder radio coverage system. Systems are required to be provided with standby power for a duration of time. Necessary due to the increased risks of fire, earthquake damage, and electrical power interruption that are consequences of the unique climatic, topographical, and geological conditions of Los Angeles County. Further necessary due to the artificial topographical physical features of a structure or area that limit and/or interfere with emergency radio communications for first responders. 901 .6.4.4 — Clear space around aboveground water- control valve. Climatic, Geological, and Topographical Provides clearance requirements for water control valves to facilitate firefighter identification and use of said valves in an emergency. Necessary because of unique climatic and topographical conditions that increase the risk of fires in fire hazard severity zones. Further necessary because risk of fire is increased due to the prevalence of earthquakes in Los Angeles County. 903.2.8 Group R. Climatic, Geological, and Topographical Requires that fire sprinklers be installed in mobilehomes and manufactured homes located outside of mobilehome parks. Necessary due to the increased risks of fire and exposure that are consequences of the unique climatic, topographical, and geological conditions of Los Angeles County. 905.6.1 .1 Size. Climatic Size requirements for Class Ill standpipes to ensure adequate fire protection system. Necessary because of increased danger of fire in Los Angeles County due to hot and windy conditions. 905.9 - Riser shutoff valve supervision and drain. Climatic Additional requirements to fire protection system for testing, maintenance, and operation. Necessary because of increased danger of fire in Los Angeles County due to hot and windy conditions. 5.1.a Packet Pg. 79 Ordinance No. 2 (2020) 7 Section Local Condition Explanation and Findings 910.2 Where required. Climatic and geological Requires smoke and heat removal for buildings. Necessary to increase ability of firefighters to respond to, and fight, fires in buildings necessary because of increased danger of fire in Los Angeles County due to hot and windy conditions and the prevalence of earthquakes in Los Angeles County. 910.2.3 Group S-2. Climatic, Geological, and Topographical Requires smoke and heat removal for basement level parking garages. Necessary to increase ability of firefighters to respond to fires in parking garages. Necessary due to the increased risks of fire and earthquake damage that are consequences of the unique climatic, topographical, and geological conditions of Los Angeles County. Further necessary due to the artificial topographical physical features of a structure or area that limit and/or interfere with the ability of emergency responders to protect life, property, and the environment. 910.3 Design and installation. 91 0.3.2, 910.3.2.1 , 910.3.2.2, 910.3.2.2.1 , 910.3.2.2.2, 91 0.3.2.3, 91 0.3.4. Climatic, Geological, and Topographical Requirements for smoke and heat vents in buildings. Necessary due to the increased risks of fire and earthquake damage that are consequences of the unique climatic, topographical, and geological conditions of Los Angeles County. Further necessary due to the artificial topographical physical features of a structure or area that limit and/or interfere with the ability of emergency responders to protect life, property, and the environment. 91 0.4.3, 910.44 Geological Requirements for smoke and heat vents and mechanical smoke removal systems in buildings. Mechanical smoke removal s stems. Necessary because of increased danger of fire in Los Angeles County due to seismic concerns with potential water supply issues. 912.2 Location. Geological and Topographical Requires that more than one fire department connection may be required. Necessary due to natural and artificial local topography, and the effects of seismic activity that could limit and/or interfere with the ability of emergency responders to access certain locations. 912.2.1 Visible location. Climatic, Topographical, Geological Requires fire department connections to be located within 150 feet of a public fire hydrant and at a safe distance from the building. Necessary because of increased danger of fire in Los Angeles County due to hot and windy conditions. Further necessary because the risk of fire is increased due to the prevalence of earthquakes in Los Angeles County. Mechanical smoke removal stems. Necessary because of increased danger of fire in Los Angeles County due to seismic concerns with potential water supply issues. 5.1.a Packet Pg. 80 Ordinance No. 2 (2020) 8 Section Local Condition Explanation and Findings 912.2 Location. Geological and Topographical Requires that more than one fire department connection may be required. Necessary due to natural and artificial local topography, and the effects of seismic activity that could limit and/or interfere with the ability of emergency responders to access certain locations. 912.2.1 Visible location. Climatic, Topographical, Geological Requires fire department connections to be located within 150 feet of a public fire hydrant and at a safe distance from the building. Necessary because of increased danger of fire in Los Angeles County due to hot and windy conditions. Further necessary because the risk of fire is increased due to the prevalence of earthquakes in Los Angeles County. 912.8 Identification. Climatic, Topographical Requires red paint on fire department connections subject to rust or corrosion to identify them to firefighters and protect from the elements. Necessary because of increased danger of fire in Los Angeles County due to hot and windy conditions. 912.9 Breakable caps or plugs. Climatic, Topographical Requires breakable caps or plugs for fire hose couplings to protect them from the elements and to ensure easy access to the fire department connection during fires. Necessary because of increased danger of fire in Los Angeles County due to hot and wind conditions. Spray booths. Climatic Requires spray booths to have automatic fire sprinkler system protection under specified conditions. Necessary because of increased danger of fire in Los Angeles County due to hot and windy conditions. Further necessary because the risk of fire is increased due to the prevalence of earthquakes in Los Angeles County. 1009.9.1 Signage for high-rise buildings. Climatic, Geological, and Topographical Requirements for signage warning against elevator use in an emergency. Necessary to ensure proper notice and evacuation in case of fire or other emergency. Necessary because of increased danger of fire in Los Angeles County due to hot and windy conditions. Further necessary because risk of fire and need for evacuation is increased due to the prevalence of earthquakes in Los Angeles County. 1206.1 Scope, 1206.2 Stationary storage battery systems, 1 206.2.1 1206. 2.3, 1206.2.3.1 , 1206.2.3.2, 1206.2.3.4. Climatic, Geological, and Topographical Require approved signage and permitting for battery energy storage systems (ESS), including criteria regarding hazard mitigation analysis. Necessary due to the increased risks of fire, earthquake damage, and unpredictable power fluctuations that are consequences of the unique climatic, topographical, and geological conditions of Los Angeles County. These factors also complicate response times, water and access. 5.1.a Packet Pg. 81 Ordinance No. 2 (2020) 9 Section Local Condition Explanation and Findings 1206.2.8.1 Location, 1206.2.8.3, 1206.2.8.6 Signage, 1206.2.8.6.1 , 1 206.2.8.7, Table 1206.2.8.7 1206.2.8.7.1 . Climatic, Geological, and Topographical Specifies location, separation, and signage requirements for battery energy storage systems (ESS). Necessary due to the increased risks of fire: earthquake damage, and unpredictable power fluctuations that are consequences of the unique climatic, topographical, and geological conditions of Los Angeles County. These factors also complicate response times, water and access. 1206.2.10, Table 1206. 2.10, 1206.2.10.3, 1206.2.10.3.1 , 1206.2.10.6. Climatic, Geological, and Topographical Specifies design and installation requirements for various battery technologies used in battery energy storage systems (ESS). Necessary due to the increased risks of fire, earthquake damage, and unpredictable power fluctuations that are consequences of the unique climatic, topographical, and geological conditions of Los Angeles County. These factors also complicate response times, water and access. 1206.2.1 1 Fire protection and life safety systems, 1206.2.1 1 .1 , 1206.2.1 1 .1 .1 , 1206.2.1 1 .1 .2, 1206.2.1 1 .1 .3, 1206.2.1 1 .1 .4, 1206.2.11 .3 1206.2.1 1 .3.1 , 1206.2.1 1 .3 3 1206.2.1 1 .3.4 1206.2.1 1 .4, 1206.2.1 1 .5 1206.2.1 1 .5.1 , 1206.2.1 1 .6, 1206.2.1 1 .7 Climatic, Geological, and Topographical Specifies requirements for fire-extinguishing systems, ventilation, standby power, gas detection, explosion control, and the ability to release energy, for battery energy storage systems (ESS). Includes references to the code sections regarding fire department connections and hydrants. Necessary due to the increased risks of fire, earthquake damage, and unpredictable over fluctuations that are consequences of the unique climatic, topographical, and geological conditions of Los Angeles County. These factors also complicate response times, water and access. 1206. 2.12, 1206.2.12.1 , 1206.2.12.2, 1206.2.12.3, 1206.2.12.4, 1206.2.12.5, 1206.2.12.6. Climatic, Geological, and Topographical Specifies signage and other requirements as based upon the battery technology. Necessary due to the increased risks of fire, earthquake damage, and unpredictable power fluctuations that are consequences of the unique climatic, topographical, and geological conditions of Los Angeles County. These factors also complicate response times, water and access. 1206. 2.13, 1206.2.13.1 , 1206.2.13.2, 1206.2.13.3, 1206.2.13.4, 1206.2.13.5, 1206.2.13.6. Climatic, Geological, and Topographical Addresses special installations of battery energy storage systems (ESS), including those on rooftops and in parking garages. Necessary due to the increased risks of fire, earthquake damage, and unpredictable power fluctuations that are consequences of the unique climatic, topographical, and geological conditions of Los Angeles County. These factors also complicate response times, water and access. 5.1.a Packet Pg. 82 Ordinance No. 2 (2020) 10 Section Local Condition Explanation and Findings 1206.4, 1206.4.1 , 1206.4.2, 1206.4.2.1 , 1206.4.3, 1206.4.3.1 , 1206.4.4, 1206.4.5, 1206.4.5.1 . Climatic, Geological, and Topographical Addresses installations of battery energy storage systems in Group R-3 and R-4 occupancies. Necessary due to the increased risks of fire, earthquake damage, and unpredictable power fluctuations that are consequences of the unique climatic, topographical, and geological conditions of Los Angeles County. These factors also complicate response times, water and access. 2007.9 _ Emergency Helicopter Landing Facility (EHLF) for high-rise buildings. Climatic and Topographical Provides for additional public safety evacuation/landing area on high-rise buildings. Necessary due to large number of high-rise buildings in Los Angeles County and difficulty in evacuating high-rise buildings in case of fire or other emergency. 2007.10 - Helistops and heliports in fire hazard severity zones. 2007.10.1 Surface. Climatic and Topographical Provides for requirements for helistops and heliports in fire hazard severity zones to enable helicopters and associated water tenders and support equipment to safely operate to conduct operations to combat fires in those areas. Necessary because of increased danger of fire in Los Angeles County due to hot and windy conditions and topography that hinders the ability for fire apparatus to gain access to remote portions of the County. Requires a hydrant next to helistops in fire hazard severity zones to enable helicopters to fill their tanks to facilitate water drops on wildland fires in those areas. Necessary because of increased danger of fire in Los Angeles County due to hot and windy conditions and topography that hinders the ability for fire apparatus to gain access to remote portions of the County. 2007.10.3 Access. Climatic; Topographical Adopts requirements for fire apparatus access to helistops in fire hazard severity zones to enable support equipment and apparatus associated with helicopter operations to combat fires in those areas. Necessary because of increased danger of fire in the County due to hot and windy conditions and topography that hinders the ability for fire apparatus to gain access to remote portions of the County. 2404.4 — Fire protection. Climatic Provides for spray booths to be equipped with automatic fire sprinklers. Necessary because of increased danger of fire in Los Angeles County due to hot and wind conditions. 2504.6, 2507.2 -FRUIT AND CROP RIPENING Climatic and Geological Provides requirements for fruit and crop ripening operations to prevent ignition of ethylene gas and reduce risk of fire and explosion. Necessary because of increased danger of fire in Los Angeles County due to hot and windy conditions and to reduce risk of fires and explosion from earthquakes. 5.1.a Packet Pg. 83 Ordinance No. 2 (2020) 11 Section Local Condition Explanation and Findings 3107.18 Combustible vegetation. Climatic and Topographic Increased clearance requirements for combustible vegetation near tents and membrane structures. Necessary to increase fire and life safety around such structures and to create defensible space. Necessary because of fire risk due to climate and unique topography of Los Angeles County. TABLE 3206.2 Climatic and Geological Removes an exception for smoke and heat removal in high- piled combustible storage. Necessary because of unique climatic conditions that increase the risk of fires. Further necessary because risk of fire is increased due to the prevalence of earthquakes in Los Angeles County. Section Local Condition Explanation and Findings 3505.9 Flashback prevention. Geological Requires protective devices to be installed on fuel gas and oxygen lines to increase safety and reduce risk of explosion and fire. Necessary because risk of leaks or tank failure is increased due to the prevalence of earthquakes in Los Angeles Count 4907.1 General. Climatic and Topographical Local amendment providing that defensible space requirements shall also comply with Chapter 3 of this code. Necessary due to Los Angeles County's unique climate and topography to reduce risk of fire and to minimize impacts of fire in Fire Hazard Severity Zone. 5003.11.3.8 FIoor. Climatic and Geological Creates requirements for floors in buildings where hazardous materials are used or stored. Necessary to increase fire and life safety and to minimize fire danger from hazardous materials. Necessary because risk of fire and spillage of hazardous materials is increased due to the prevalence of earthquakes in Los Angeles County. Requires secondary containment of flammable and combustible liquids that are necessary to increase fire and life safety and to prevent fires involving flammable and combustible liquids from spreading. Necessary because risk of leaks or tank failure is increased due to the prevalence of earthquakes in Los Angeles County. 5704.2.8.16.1 — System requirements. Climatic and Geological Requires foam deluge system. Necessary because of increased danger of fire in Los Angeles County due to climatic conditions and because risk of leaks or tank failure is increased due to the prevalence of earthquakes in Los Angeles Count 5704.2.9.1 .1 Required foam fire protection systems. Geological and Climatic Requires all existing aboveground tanks exceeding 1,500 square feet of liquid surface area used for the storage of Class I or Class Il flammable liquids to be provided with foam fire protection. Necessary because of increased danger of fire in Los Angeles County due to climatic conditions and because risk of leaks or tank failure is increased due to the prevalence of earthquakes in Los Angeles County. 5.1.a Packet Pg. 84 Ordinance No. 2 (2020) 12 Section Local Condition Explanation and Findings 5704.2.9.6.1 .3 — Location of tanks for boil over liquids. Geological and Climatic Provides for additional spacing between tanks to reduce fire danger and help prevent fire from spreading to adjacent tanks. Necessary because of increased danger of fire in Los Angeles County due to climatic conditions and because risk of leaks or tank failure is increased due to the prevalence of earthquakes in Los Angeles County. Construction and fire access requirements for liquid storage rooms. Necessary because of increased danger of fire in Los Angeles County due to climatic conditions and because risk of explosion or container failure is increased due to the prevalence of earthquakes in Los Angeles County. 5706.5.1 .1 Location. Geological and Climatic Provides increased distances for bulk transfer and process transfer operations so that they are farther away from the public and other buildings. Necessary because of increased danger of fire in Los Angeles County due to climatic conditions and because risk of leaks or tank failure is increased due to the prevalence of earthquakes in Los Angeles County. 5706.5.1.19 Liquid transfer. Geological and Climatic Class l, Il, or Ill liquids shall be transferred from a tank vehicle or tank car only into an approved atmospheric tank or approved portable tank. Necessary because of increased danger of fire in Los Angeles County due to climatic conditions and because risk of leaks or tank failure is increased due to the prevalence of earthquakes in Los Angeles County. 6104.4 Multiple LP gas container installations. Geological and Climatic Requirements for LP gas storage tank distances. Necessary because of increased danger of fire in Los Angeles County due to climatic conditions and because risk of leaks or tank failure is increased due to the prevalence of earthquakes in Los Angeles County. CHAPTER 81 AUTOMOBILE WRECKING YARDS 8104 - Fire apparatus access roads. 8106- Housekeeping. 8108 -Tires. 81 10.4 - Batteries. Climatic, Geological, and Topographical Creates requirements for fire access roads and storage requirements for tire storage in automobile wrecking yards. Necessary to enable fire apparatus and firefighters to gain access to fight fires and respond to emergencies. Necessary due to the increased risks of fire, earthquake damage, and unpredictable power fluctuations that are consequences of the unique climatic, topographical, and geological conditions of Los Angeles County. These factors also complicate response times, water and access. 5.1.a Packet Pg. 85 13 Section Local Condition Explanation and Findings APPENDIX B, Section 8105.1 – One and two- family dwellings, Group R-3 and R-4 buildings and townhouses. Topographical and Climatic Provides for increased fire-flow in fire hazard zones to allow for more water to be available to fight fires. Necessary because of increased danger of fire in Los Angeles County due to climatic and topographical conditions. APPENDIX B, Section 8105.5 - Land subdivision projects. Topographical and Climatic Provides for increased fire-flow for subdivisions of land to allow for more water to be available to fight fires. Necessary because of increased danger of fire in Los Angeles County due to climatic and topographical conditions. APPENDIX C, Section C102.2 Location on street. Topographical and Climatic Provides for hydrant spacing on streets to ensure hydrants are accessible to firefighters. Necessary because of increased danger of fire in Los Angeles County due to climatic and topographical conditions. APPENDIX C, Section C105.2 One- family dwelling Topographical and Climatic Provides for hydrant spacing to ensure that water is available to fight fires. Necessary because of increased danger of fire in Los Angeles County due to climatic and topographical conditions. APPENDIX C, Section C105.3 - Buildings other than one- and two-family dwellings, and Group R-3 buildings. Topographical and Climatic Provides for hydrant spacing for buildings other than One- and Two-family Dwellings, and Group R-3 Buildings to ensure that there is adequate water supply available to fight fires. Necessary because of increased danger of fire in Los Angeles County due to climatic and topographical conditions. APPENDIX C, Section C 105.4 — Cul- de-sac hydrant location. Topographical and Climatic Provides for hydrant spacing for cul-de-sacs to ensure that there is adequate water supply available to fight fires. Necessary because of increased danger of fire in Los Angeles County due to climatic and topographical conditions. APPENDIX C, Section C106 - On-site hydrants. Topographical and Climatic Provides requirements for on-site hydrants to ensure that there is adequate water supply available to fight fires. Necessary because of increased danger of fire in Los Angeles County due to climatic and topographical conditions. APPENDIX O, Section 0103 — General requirements. Topographical, Geographic, and Climatic Provides various design and location requirements for temporary haunted houses, ghost walks, and similar amusement uses where the means of egress are not apparent due to decorative materials, confusing sounds, and/or visual effects. Necessary because of increased danger of fire in Los Angeles County due to climatic and topographical conditions and the prevalence of earthquakes in Los Angeles County 5.1.a Packet Pg. 86 Agenda #: 6.1 Meeting Date: September 15, 2020 TO: Honorable Mayor and Members of the City Council FROM: Daniel Fox, City Manager TITLE: FIRST READING OF ORDINANCE NO. 02 (2020) AMENDING TITLE 15 OF THE DIAMOND BAR MUNICIPAL CODE TO ADOPT, BY REFERENCE, TITLE 32, FIRE CODE OF THE LOS ANGELES COUNTY CODE, AS AMENDED, WHICH CONSTITUTES AN AMENDED VERSION OF THE CALIFORNIA FIRE CODE, 2019 EDITION. STRATEGIC GOAL: Safe, Sustainable & Healthy Community RECOMMENDATION: Introduce for first reading by title only, waive full reading of Ordinance No. 02 (2020), and set for public hearing, second reading and adoption at the October 6, 2020 City Council meeting. BACKGROUND: Every three years, the California Building Standards Commission updates the California Building Standards Codes (“California Codes”), a compendium of construction standards intended to ensure that buildings are constructed and renovated in a manner that is safe, green, and provides a decent quality of life for the buildings’ occupants. The commission published the 2019 updates in July 2019. Included among the California Codes is the California Fire Code. The California Codes serve as the baseline construction standards for all local governments in the state. Cities and counties may adopt amendments to the California Codes to enact more restrictive building standards as needed to protect the public health, welfare and wellbeing due to local climatic, geologic and topographic conditions. The City Council adopted the 2019 California Codes with local amendments on December 3, 2019 [Ordinance No. 04(2019)]. For the reasons discussed below, the ordinance did not include local amendments to the Fire Code. Diamond Bar is one of 58 cities which are members of the Consolidated Fire Protection 5.1.b Packet Pg. 87 District of Los Angeles County (“District”), with fire protection services provided by the Los Angeles County Fire Department. The District prepares the amendments to the California Fire Code on behalf of the Fire Department’s client cities and unincorporated portions of the County. The California Fire Code with the District amendments, is then adopted as Title 32 of the Los Angeles County Code, and becomes the Fire Code for the District (“District Fire Code”). Because of the District’s broad geographic jurisdiction, amendments that address the diverse characteristics of the region commonly require additional time to craft. On March 10, 2020, the Board of Supervisors, acting as the governing board for the District, adopted the 2019 District Fire Code, which then became effective beginning April 10, 2020. The City must now ratify the District Fire Code as the Fire Code for the City in order to delegate enforcement authority to the District Fire Chief. ANALYSIS: The proposed ordinance amends Title 16 of the Diamond Bar Municipal Code incorporating the 2019 District Fire Code. The District Fire Code amendments to the California Fire Code are reasonably necessary because of local climatic, geologic, or topographic conditions. For the most part, the District Fire Code amendments are simply carryovers from prior code updates. This report focuses solely on the seven new amendments. It should also be noted that the codification protocols followed by the California Building Standards Commission routinely lead to extensive renumbering of identical code provisions when comparing code updates to prior versions. This report focuses on the actual changes in content, as detailed more fully in Attachment 2, rather than making any attempt to cross-reference the numbering changes between the current and old codes. The following is a summary of the new amendments: • Public safety plan requirements for mass gatherings have been updated for larger events to directly reference Los Angeles County Public Health and emergency medical services documents and protocols for monitoring and control. • Fire apparatus access roads have been adjusted to allow long private driveways for single family dwellings to be less than 20-feet wide under certain circumstances, and required widths for multistory building access roads have been updated to better correlate with field operations. • Fire flow requirements for water tanks serving single-family dwellings have been reduced because the prior requirements were determined to be excessively conservative. • Fire watch procedures were added to provide clarity on needed procedures and qualifications. 5.1.b Packet Pg. 88 • Smoke and heat roof vents in high-piled combustible storage/warehouse buildings have been adjusted to match with the State code’s requirements. (Roof vents are required in warehouses with storage of combustible materials to prevent accumulation of smoke within the building.) • As a result of the increased use of electrical energy storage/battery systems, new requirements for design, fire protection equipment, and warning signage were added. These requirements were developed following a fire at a facility in the Phoenix, Arizona area that caused firefighter injuries. • Fire sprinkler requirements for manufactured homes have been updated to correlate to recent changes adopted by the California Department of Housing and Community Development (HCD) to require fire sprinklers in structures at mobile home parks regulated by municipalities. Certain provisions of the District Fire Code, including some of the new amendments for 2019, presently have little to no relevance to the City of Diamond Bar. For example, there are currently no locally-regulated mobile home parks in the City. Nonetheless, staff recommends adopting the District Fire Code in its entirety because some of those standards could become applicable in the future. For convenience, the entire text of the District Fire Code is provided under Attachment 3, and has been highlighted with underlining and strikeouts to show where the above changes were made. Footnotes were also added to show consistency with the above discussion, and to allow the reader to more easily see how the above revisions have been incorporated into the language of the ordinance. NOTICE OF PUBLIC HEARING: Pursuant to the California Government Code 50022.3, a public hearing notice will be published in the Inland Valley Daily Bulletin 10-days prior to the public hearing on October 6, 2020. PREPARED BY: 5.1.b Packet Pg. 89 REVIEWED BY: Attachments: 1. Ordinance 02 (2020); 2019 Fire Code 2. County and District Fire Code Summary of Changes 3. County Counsel Summary Analysis of 2019 Fire Code 5.1.b Packet Pg. 90 Agenda #: 6.1 Meeting Date: October 6, 2020 TO: Honorable Mayor and Members of the City Council FROM: Daniel Fox, City Manager TITLE: ZONE CHANGE AND DEVELOPMENT REVIEW FOR A NEW SINGLE FAMILY RESIDENCE LOCATED AT 1111 N. DIAMOND BAR BOULEVARD [PLANNING CASE NO. PL2015-253]. STRATEGIC GOAL: Open, Engaged & Responsive Government RECOMMENDATION: A. Approve for Second Reading by title only, waive full reading, and adopt Ordinance No. 01 (2020) approving the Zone Change application; and B. Adopt Resolution No. 2020-41 denying the Development Review application based on the Findings of Fact contained therein. FINANCIAL IMPACT: None. BACKGROUND/DISCUSSION: On September 15, 2020, the City Council conducted a noticed public hearing and took the following actions: 1. Approved by a 4-0 vote to introduce for first reading Ordinance No. 01 (2020) approving a Zone Change to modify the existing zoning on 1111 North Diamond Bar Boulevard from Neighborhood Commercial (C-1) to Low Density Residential (RL) to be consistent with the underlying Low Density Residential General Plan land use designation. Ordinance No. 01 (2020) included in Attachment 1 is presented for second reading and adoption. 2. Denied (by a 2-2 vote on a motion to approve) the Development Review application to construct a new 4,333 square-foot, two-story, single-family residence on an 6.1 Packet Pg. 91 11,225 square-foot vacant parcel located at 1111 North Diamond Bar Boulevard. The Resolution (Attachment 2) articulates the reasons for denying the Development Review application. LEGAL REVIEW: The City Attorney has reviewed and approved the Ordinance and Resolution as to form. PREPARED BY: REVIEWED BY: Attachments: 1. 6.1.a Ordinance No. 01 (2020) to Change the Zoning Designation from C-1 to RL 2. 6.1.b Resolution No. 2020-41 Denying the Development Review Application 6.1 Packet Pg. 92 ORDINANCE NO. 01 (2020) AN ORDINANCE OF THE CITY OF DIAMOND BAR, CALIFORNIA, APPROVING ZONE CHANGE PLANNING CASE NO. PL2015-253 TO AMEND THE EXISTING ZONING DISTRICT FROM NEIGHBORHOOD COMMERCIAL (C-1) TO LOW DENSITY RESIDENTIAL (RL) FOR THE 0.26-ACRE PROPERTY LOCATED AT 1111 N. DIAMOND BAR BOULEVARD, DIAMOND BAR, CALIFORNIA (ASSESSOR’S PARCEL NO. 8706-008-013). A. RECITALS 1. The property owner, James Chin Chou (Trustee), and applicant, Creative Design Associates, filed an application for the following entitlements: (1) Zone Change to modify the existing zoning district from Commercial (C-1) to Low Density Residential (RL); and (2) Development Review to construct a new 4,333 square-foot, two-story, new single family residence located at 1111 N. Diamond Bar Boulevard, City of Diamond Bar, Los Angeles County, California (“Project Site”). 2. California Government Code Section 65860 requires the City’s ordinance to be consistent with the General Plan. The Zone Change results in the General Plan land use designation and zoning district on the subject property to be in conformance with each other. 3. The subject property is made up of one parcel totaling 11,225 square feet (0.26 acre). It is located in the Neighborhood Commercial (C-1) zone with an underlying General Plan land use designation of Low Density Residential (RL). 4. The proposed Zone Change on the Subject Property is exempt from the California Environmental Quality Act (CEQA), as prescribed under CEQA Guidelines Sections 15303(a) (construction of a new single-family residence) and 15061(b)(3) in that “it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment.” The modification will rectify an existing inconsistency between the General Plan and Zoning Maps, and allow for development of a single family residence. Therefore, no further environmental review is required. 5. On July 10, 2020, notification of the public hearing for this project was published in the San Gabriel Valley Tribune newspaper. Public hearing notices were mailed to property owners within a 1,000-foot radius of the project site and public notices were posted at the City’s four designated community posting sites on July 6, 2020. In addition to the posted and mailed notices, the project site was posted with a display board. 6.1.a Packet Pg. 93 Ordinance No. 01 (2020) 2 6. On March 24, 2020, the Planning Commission hearing was cancelled due to the State and County COVID-19 shelter-in-place orders. On April 28, 2020, the project was postponed to the June 23, 2020 heari ng. The applicant provided written consent to delay the hearing for up to 90 days, which is the maximum extensions allowable under the Permit Streamlining Act (Gov. Code §65957). 7. On June 12, 2020, public hearing notices were mailed to property owners within a 1,000-foot radius of the Project site. On June 12, 2020, notification of the public hearing for this project was published in the San Gabriel Valley Tribune newspaper. A notice display board was posted at the site, and a copy of the notice was posted at the City's four designated community posting sites. 8. On June 23, 2020, the Planning Commission of the City of Diamond Bar conducted a duly noticed public hearing, solicited testimony from all interested individuals, concluded said hearing, and by a 4 -1 vote, recommended that the City Council approve the Project. 9. On July 21, 2020, the City Council of the City of Diamond Bar conducted a duly-noticed public hearing, solicited testimony from all interested individuals, and by a 3-2 vote, remanded the matter back to the Planning Commission for a physical public hearing to enable the public to provide testimony on the proposed project in person. 10. On August 25, 2020, the Planning Commission of the City of Diamond Bar conducted a duly noticed public hearing, solicited testimony from all interested individuals, concluded said hearing, and again recommended, by a 4-1 vote, that the City Council approve the Project. 11. On September 15, 2020, the City Council of the City of Diamond Bar conducted a duly noticed public hearing, solicited testimony from all interested individuals, and concluded said hearing on that date. 12. The City Council has determined that the proposed Zone Change represents a consistent, logical, appropriate and rational land use designation and implementing tool that furthers the goals and objectives of the City of Diamond Bar General Plan. 13. The documents and materials constituting the administrative record of the proceedings upon which the City’s decision is based are located at the City of Diamond Bar, Community Development Department, Planning Division, 21810 Copley Drive, Diamond Bar, CA 91765. 6.1.a Packet Pg. 94 Ordinance No. 01 (2020) 3 NOW, THEREFORE, the City Council of the City of Diamond Bar does hereby ordain as follows: SECTION 1. That all of the facts set forth in the Recitals, Part A, of this Ordinance are true and correct. SECTION 2. The City Council does hereby find, as required by Municipal Code Section 22.70.050 and in conformance with California Government Code Section 65853 and 65860, that the Zone Change for Planning Case No. PL2015 -253 is consistent with the General Plan, as follows: a. The amendment to the Zoning Map is internally consistent with the General Plan and other adopted goals and policies of the City. b. The Zoning Map does not currently reflect the General Plan land use designation for the property. Zone Change Planning Case No. PL2015-253 will place the City’s Zoning Map in conformance with the General Plan land use designation of Low Density Residential (RL). SECTION 3. The Community Development Director shall modify the Official Zoning Map in accordance with this Ordinance to indicate thereon that the real property located at 1111 N. Diamond Bar Boulevard as attached herein as Exhibit A, is designated as Low Density Residential (RL). SECTION 4. The City Clerk shall certify to the passage and adoption of this Ordinance, causing it to be published as required by law, and it shall be effective thirty dates after its adoption. SECTION 5. The City shall forthwith transmit a certified copies of this Ordinance, by certified mail, to: James Chin Chou, 1359 Bentley Court, West Covina, CA 91791. PASSED, APPROVED AND ADOPTED this 6th day of October, 2020, by the City Council of the City of Diamond Bar. __________________________ Steve Tye, Mayor 6.1.a Packet Pg. 95 Ordinance No. 01 (2020) 4 ATTEST: I, Kristina Santana, City Clerk of the City of Diamond Bar, do hereby certify that the foregoing Ordinance was introduced at a regular meeting of the City Council of the City of Diamond Bar held on the 15th day of September, 2020, and was finally passed at a regular meeting of the City Council of the City of Diamond Bar held on the 6th day of October 2020, by the following vote: AYES: COUNCIL MEMBERS: NOES: COUNCIL MEMBERS: ABSTAIN: COUNCIL MEMBERS: ABSENT: COUNCIL MEMBERS: __________________________ Kristina Santana, City Clerk Exhibit A: Amended Zoning Map 6.1.a Packet Pg. 96 Ordinance No. 01 (2020) 5 Exhibit A 6.1.a Packet Pg. 97 RESOLUTION NO. 2020-41 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR, CALIFORNIA (“CITY”) DENYING APPROVAL OF DEVELOPMENT REVIEW NO. PL2015-253 TO CONSTRUCT A NEW 4,333 SQUARE- FOOT, TWO-STORY SINGLE-FAMILY RESIDENCE WITH AN ATTACHED 748 SQAURE-FOOT THREE-CAR GARAGE ON A 0.26 ACRE LOT LOCATED AT 1111 N. DIAMOND BAR BLVD., DIAMOND BAR, CA 91765 (APN 8706-008-013). A. RECITALS 1. The property owner, James Chin Chou (Trustee), and applicant, Creative Design Associates, have filed an application for the following entitlements: (1) Zone Change to modify the existing zoning district from Commercial (C-1) to Low Density Residential (RL); and (2) Development Review to construct a new 4,333 square-foot, two-story single-family residence with an attached 748 square-foot three-car garage located at 1111 N. Diamond Bar Boulevard, Diamond Bar, County of Los Angeles, California (“Project Site”). 2. On March 13, 2020, notification of the public hearing for this project was published in the San Gabriel Valley Tribune newspaper. Public hearing notices were mailed to property owners within a 1,000 -foot radius of the project site and were posted at the City’s four designated community posting sites on March 6, 2020. In addition to the posted and mailed notices, the project site was posted with a display board. 3. On March 24, 2020, the Planning Commission hearing was cancelled due to the State and County COVID-19 shelter-in-place orders. On April 28, 2020, the project was postponed to the June 23, 2020 hearing. The applicant provided written consent to delay the hearing for up to 90 days, which is the maximum extensions allowable under the Permit Streamlining Act (Gov. Code §65957). 4. On June 12, 2020, public hearing notices were mailed to property owners within a 1,000-foot radius of the Project site. On June 12, 2020, notification of the public hearing for this project was published in the San Gabriel Valley Tribune newspaper. A notice display board was posted at the site, and a copy of the notice was posted at the City's four designated community posting sites. 5. On June 23, 2020, the Planning Commission of the City of Diamond Bar conducted a duly noticed public hearing, solicited testimony from all interested individuals, concluded said hearing, and by a 4 -1 vote, recommended that the City Council approve the Project. 6.1.b Packet Pg. 98 Resolution No. 2020-41 2 6. On July 21, 2020, the City Council of the City of Diamond Bar conducted a duly-noticed public hearing, solicited testimony from all interested individuals, and by a 3-2 vote, remanded the matter back to the Planning Commission for a physical public hearing to enable the public to provide testimony on the proposed project in person. 7. On August 25, 2020, the Planning Commission of the City of Diamond Bar conducted a duly noticed public hearing, solicited testimony from all interested individuals, concluded said hearing, and again recommended, by a 4-1 vote, that the City Council approve the Project. 8. On September 15, 2020, the City Council of the City of Diamond Bar conducted a duly noticed public hearing, solicited testimony from all interested individuals, and concluded said hearing on that date. 9. After the close of the public hearing a discussion was had among the members of the City Council as to whether to approve the Development Review. Ultimately a motion was made and seconded to approve the Development Review, but that motion failed on a 2 -2 vote, with Council Member Chou being absent. 10. Pursuant to Diamond Bar Municipal Code § 22.48.030, in those situations in which Development Review for a project also requires the approval of another discretionary permit, the final determination is to be made by the highest level of review authority in compliance with Table 4-1, Review Authority. The Development Review also required the approval of a zone map amendment, which review is vested with the City Council as set forth in Table 4-1. 11. As a result, the decision of the Planning Commission to the City Cou ncil was a recommendation to approve the zone map amendment and Development Review, but final approval of both matters required a vote of a majority of the quorum of the City Council. While the City Council approved the zone map amendment by a 4 -0 vote, approval of the Development Review did not garner the required three votes and thus, failed. 12. The documents and materials constituting the administrative record of the proceedings upon which the City’s decision is based are located at the City of Diamond Bar, Community Development Department, Planning Division, 21810 Copley Drive, Diamond Bar, CA 91765. B. RESOLUTIONS NOW, THEREFORE, it is found, determined and resolved by the City Council of the City of Diamond Bar as follows: 6.1.b Packet Pg. 99 Resolution No. 2020-41 3 1. The City Council hereby specifically finds that all of the facts set forth in the Recitals, Part A, of this Resolution are true and correct. 2. Based on the findings and conclusions set forth below, the proposed Development Review on the Subject Property is denied. 3. Because the Development Review is denied, the Development Review is exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to the provisions of Article 19, Section 15270(a) of the CEQA Guidelines. C. FINDINGS OF FACT AND CONCLUSIONS Based upon the totality of the information provided and substantial evidence in the administrative record, the City Council finds and determines those voting against approval of Development Review did so on the following basis: 1. The architectural design of the proposed development is not compatible with the character of the surrounding neighborhood and will not maintain or enhance the harmonious, orderly and attractive development contemplated by Chapter 22.48 of the Diamond Bar Municipal Code—Development Review Standards, the City’s Design Guidelines, the City’s General Plan, or any applicable specific plan. The City’s General Plan Policy LU-P-56 requires that residential development be compatible with the prevailing character of the surrounding neighborhood in terms of building scale, density, massing, and design. The City’s General Plan Goal CC-G-4 also requires the preservation of the scale and character of existing residential neighborhoods and ensure sensitive transitions between densities and use. The City’s Design Guidelines Architecture (1) requires compatibility with the surrounding character including harmonious building style, form, size, color, material and roofline. For purposes of this Development Review, the surrounding neighborhood consists of single-family homes directly across Diamond Bar Blvd. from the Subject Property and townhomes located directly north of the Subject Property on the same side of Diamond Bar Blvd. The proposed single- family residence is not compatible with the surrounding neighborhood in terms of building, scale, density and massing in that it is twice the size of the single-family homes across Diamond Bar Blvd. and even larger when compared to the townhomes lying to the north. The design is not compatible in that the contemporary architectural style is not utilized by in the single- family neighborhood across Diamond Bar Blvd. or the townhomes just to the north, which architecture can be described as traditional, incorporating gabled and hipped roof forms. 6.1.b Packet Pg. 100 Resolution No. 2020-41 4 Rather than being compatible and harmonious with the massing and building style of the surrounding neighborhood, the proposed single -family residence sets itself apart and distinguishes itself from the surro unding neighborhood in both areas. While its distance from the nearest residence somewhat minimizes its incompatibilities with the surrounding neighborhood, it is nevertheless incompatible and the findings necessary for General Plan compliance and under the City’s Design Guidelines cannot be made by a majority of the City Council. The City Council shall: (a) Certify to the adoption of this Resolution; and (b) Forthwith transmit a certified copy of this Resolution, by certified mail to James Chin Chou, 1359 Bentley Court, West Covina, CA 91791. D. RELIANCE ON RECORD Unless otherwise provided, each and every one of the findings and conclusions in this Resolution are based on the competent and substantial evidence, both oral and written, contained in the entire record relating to the Development Review. The findings and conclusions constitute the independent findings and conclusions of the City Council in all respects and are fully and completely supported by substantial evidence in the record as a whole. Unless otherwise provided, all summaries of information in this Resolution are based on the substantial evidence in the record. The absence of any particular fact from any such summary is not an indication that a particular finding is not based in part on that fact. PASSED, APPROVED AND ADOPTED this 6th day of October, 2020, by the City Council of the City of Diamond Bar. __________________________ Steve Tye, Mayor ATTEST: I, Kristina Santana, City Clerk for the City of Diamond Bar, hereby certify that the foregoing resolution, was duly passed, approved and adopted by the City Council of the City of Diamond Bar at a regular meeting held on the 6th day of October, 2020, by the following vote: AYES: COUNCIL MEMBERS: NOES: COUNCIL MEMBERS: ABSENT: COUNCIL MEMBERS: ABSTAIN: COUNCIL MEMBERS: _____________________________ Kristina Santana, City Clerk 6.1.b Packet Pg. 101 Agenda #: 6.2 Meeting Date: October 6, 2020 TO: Honorable Mayor and Members of the City Council FROM: Daniel Fox, City Manager TITLE: FISCAL YEAR 2020-21 APPROPRIATION ADJUSTMENTS FOR GENERAL FUND, SPECIAL REVENUE FUNDS AND CAPITAL PROJECT CARRYOVERS, AND FISCAL YEAR 2019-20 FINAL ADJUSTMENTS. STRATEGIC GOAL: Responsible Stewardship of Public Resources RECOMMENDATION: A. Approve an appropriation from General Fund reserves of $187,030.40 to carry forward appropriations from FY 2019-20 to FY 2020-21 for previously encumbered goods and services; B. Approve an appropriation from various Special Revenue Funds reserves of $805,212.26 to carry forward appropriations from FY 2019-20 to FY 2020-21 for previously encumbered goods and services; C. Approve an appropriation from Capital Improvement Project Fund reserves in the amount of $498,488.78 to carry forward appropriations from FY 2019-20 to FY 2020-21 for previously encumbered goods and services; D. Carry over the related purchase orders encumbered in FY 2019-20 in the amount of $1,131,053.96 to FY 2020-21; E. Approve various final budget adjustments to FY 2019-20 for additional appropriations in various accounts including $1,586.43 for the General Fund and $235,467.41 in Special Revenue, Capital Improvement and Internal Service Funds; and F. Authorize staff to pursue a Prop A Exchange with Foothill Transit in an amount up to $800,000 for future consideration by the City Council. BACKGROUND: 6.2 Packet Pg. 102 Each fiscal year, the City Council adopts a budget and appropriates the funds included in that budget. The City’s budget policies state that prior year appropriations lapse unless they are approved for carryover into the following fiscal year. Encumbrances for previously ordered goods and services not received by June 30 th must be carried over and re-appropriated in the new fiscal year. After FY 2019-20 was preliminarily closed, staff was able to determine which capital projects were not completed by June 30 th and should be carried over into the next fiscal year for completion. ANALYSIS: Carry Forward of General Fund Operating Appropriations At the end of FY 2019-20 there were various goods and services encumbered but not received or paid for, and therefore the related purchase orders must be carried over into FY 2020-21. The carryover of these appropriations is an appropriation of General Fund reserves because as previously stated, all appropriations lapse at the end of the prior fiscal year. These unexpended funds must be carried over and re -appropriated in order to complete the projects that were in progress at June 30, 2020. Attachment 1 lists operating expenditure purchase order carryovers and the related budget adjustments in the amount of $187,030.40 for the General Fund. Special Revenue and Internal Service Funds Carryover Appropria tions There were also various goods and services funded by special revenue and internal service funds that were encumbered but not paid for by June 30, 20 20. Some of these items include professional services related to the update of the housing element portion of the General Plan, weed abatement services for the LLAD’s, the ongoing implementation of the ERP system, and equipment and vehicles ordered for the City’s fleet. Attachment 2 lists the special funds and internal funds purchase order carryovers and related budget adjustments. Purchase orders required to be carried over total $858,076.26 and the additional appropriation totals $805,212.26. Capital Project Carryover Appropriations The amount of open purchase orders at June 30, 20 20 requiring carry over into FY 2020-21 that are related to the Capital Improvement Project budget total $161,311.30. When the budget for FY 2020-21 was approved by the City Council, it included appropriations for new capital projects, as well as estimated carryovers for existing projects. Often, capital projects require more than one fiscal year for completion. Now that FY 2019-20 has been preliminarily closed, staff is able to compare the estimated carryover appropriations already included in the FY 2020-21 budget and the actual amount of funds still required for each project. Attachment 3 lists capital projects in progress at year-end. The amount already appropriated in the FY 2020-21 budget for carryover projects is $3,044,459. The schedule compares the portion of the project that was estimated to be carried over into 6.2 Packet Pg. 103 FY 2020-21 as stated in the adopted budget and what portion of the project was actually completed by June 30, 2020. The difference between the two is what is what requires a re-appropriation of funds that were not included in the adopted budget. When comparing the estimated carryover included in the FY 2020-21 budget and the amount required to be carried over, the amounts differ by $496,488.78. Therefore, additional appropriations for carryover projects needs to be increased in FY 2020-21 by $496,488.78. Final FY 2019-20 Budget Adjustments There is one department and a couple of funds that require additional appropriations at June 30, 2020 due to unforeseen expenditures being incurred. The department requiring an additional appropriation is Finance in the net amount of $1,586.43. This is due to lower than anticipated transit program volume resulting in less staff time spent on transit pass processing activities. Salary costs were therefore charged directly to the General Fund rather than the Proposition A Fund. Other funds that require additional appropriations at June 30, 20 20 include the General Plan Review Fund ($4,652.23 – transfer in from GF reserves) for supplies and advertising, and the Waste Hauler Fund ($16,485 – appropriation from fund balance) for the transfer to the CIP Fund for the Area 7 street project. Also being requested for FY 2019-20 is an appropriation to the COVID-19 Relief Fund ($147,711.10). This fund was used to identify costs related to the impacts of COVID-19 including personnel costs and supplies. It is requested that this amount be appropriated from General Fund reserves as a placeholder until it is determined if these costs will be eligible for reimbursement from FEMA, CalOES or the CARES Act. The Capital Improvement Project Fund requires additional FY 2019 -20 appropriations for the various projects including the Lemon Ave Interchange Project ($2,897 from the General Fund), Canyon Loop Trail Design ($6,847.08 from Pa rk Development funds) due to the fact that Measure W funds were not available as anticipated, and Sycamore Canyon Park Slope Erosion Repairs ($56,875 from Quimby) to backfill funds from FEMA that have not been received. Preliminary Financial Results of FY 2019-20 During the last quarter of FY 2019 -20, the COVID-19 pandemic began and with it came extreme uncertainty related to its impact on the City’s finances. There was an immediate impact to revenue sources such as sales tax, T ransient Occupancy Tax and facility rental revenue. During the preparation of the FY 2020 -21 operating budget, City staff did its best to identify various revenue sources that would be adversely affected by the stay at home orders that were in place. General Fund revenue estimates were reduced overall by 8.8% for the remainder of FY 2019 -20. Staff also identified where savings would be realized by deferring certain program and maintenance expenditures. There were reductions in both FY 2019-20 and FY 2020-21. When the City Council adopted the FY 2020-21 budget there was no clear indication as to when businesses would be able to open again or when the economy might bounce back. 6.2 Packet Pg. 104 Attachments 4 and 5 highlight the major revenue sources and expenditures, their original adopted budget, the revised COVID-19 impacted budget and the actual results for the fiscal year ended June 30, 2020. As expected, most revenue sources were significantly lower than the original adopted budget and fell short of those projections by over $1.8 million. When compared to the COVID-19 adjusted estimates, the year end results were higher by $536,000. There were offsetting savings due to required programming changes and in some instances the inability to have work performed due to COVID-19 restrictions. The overall expenditure savings was nearly $4.0 million when compared to the original budget and just over $3.0 million compared to the COVID-19 expected results. In the Council report dated June 16, 2020 staff recommended the use of the “rainy day fund” in order to bridge the budget gap brought on by the sudden onset of COVID -19. At that time, it was recommended that Council authorize the use of $1,250,000 for FY 2019-20. Due to better than anticipated revenue results, coupled with the efforts to reduce expenditures resulting in year-end savings, it is anticipated that the use of contingency reserves will not be required to close FY 2019-20. While the future still remains uncertain as to the long-term financial impacts that COVID- 19 will have on City operations, the adopted FY 2020-2021 budget still includes the use of $850,000 in contingency reserve funds cover any budget gaps. Staff will continue to monitor the incoming revenue sources and analyze expenditures and bring back any recommended budget changes as necessary. Prop A Exchange One notable point when looking at the Special Revenue Funds expenditures is the significant reduction in transit pass sales and Dial-A-Cab services. Both of these programs are funded by Proposition A funds. Participation in both of these programs continues to be significantly lower into the first quarter of FY 2020 -21. The result of the lower participation in the programs will be an accumulation of Prop A funds that will eventually lapse. Foothill Transit has sent out communication to its local agency partners that they are interested in exchanging Prop A funds for General Fund funds. The rate they are offering at this time is $0.75 on the dollar. At the end of FY 2019 -20, the City has accumulated nearly $900,0 00 in Prop A funds. A point for discussion would be whether or not the Council has a desire to exchange up to $800,000 of Prop A funds which would result in $600,000 in General Fund funds in order to help with any FY 2020-21 shortfall. The COVID-19 crisis is not over and staff will continue to monitor and report financial results to the City Council throughout FY 2020-21 as warranted. PREPARED BY: 6.2 Packet Pg. 105 REVIEWED BY: Attachments: 1. 6.2.a General Fund Carryovers 2. 6.2.b Special Revenue Funds Carryovers 3. 6.2.c CIP Carryovers 4. 6.2.d FY 19.20 Revenue Estimates 5. 6.2.e FY 19.20 Expenditure Estimates 6.2 Packet Pg. 106 Dept #Department Name Budget Actual Open Encumbrances Encumbrances Already Carried Over (Over)/Under PO Carryover Requested Carryover Already Included In FY 20/21 FY 19/20 Add'l Approp Appropriation Req'd From GF Reserves 4010 City Council 189,231.00 168,608.23 - 20,622.77 - - 4020 City Attorney 397,702.31 296,708.48 48,076.91 52,916.92 48,076.91 - 48,076.91 4030 City Mgr/Clerk 1,640,521.19 1,434,183.28 4,141.50 202,196.41 4,141.50 4,141.50 4050 Finance 841,816.00 843,402.43 (1,586.43) 1,586.43 1,586.43 4060 Human Resources 449,970.01 342,511.95 107,458.06 - - 4065 Safety Program 19,800.00 7,564.92 12,235.08 - 4070 Info Systems 1,313,414.72 1,262,481.03 50,933.69 - 4093 Civic Center 642,527.00 480,069.35 3,281.71 159,175.94 3,281.71 3,281.71 4095 Public Info 692,272.00 581,246.54 111,025.46 - 4096 Economic Dev 273,139.00 235,255.30 37,883.70 - 4411 Law Enforcement 7,409,850.00 7,123,293.30 286,556.70 - 4415 Law Enf Vol Patrol 6,000.00 881.66 5,118.34 - 4421 Fire 12,500.00 7,359.00 5,141.00 - 4431 Animal Control 196,501.00 191,136.22 5,364.78 - 4440 Emergency Prep 70,050.00 22,161.44 47,888.56 - 5210 Community Dev 724,128.00 711,730.63 3,000.00 9,397.37 3,000.00 3,000.00 5220 Building & Safety 1,067,708.00 743,967.26 323,740.74 - 5230 Neighborhood Impr 307,813.00 297,282.86 10,530.14 - 5333 DB Center 1,436,163.38 1,102,370.79 - 333,792.59 - 5350 Recreation 1,992,234.31 1,573,681.83 418,552.48 - - 5510 Public Works 671,205.00 568,971.92 102,233.08 - - 5551 Engineering 1,065,007.06 647,976.38 126,840.13 290,190.55 126,840.13 - 126,840.13 5554 Road Maint 1,576,128.00 1,253,932.33 322,195.67 - 5556 Park & Fac Maint 1,472,043.00 1,251,793.48 1,690.15 218,559.37 1,690.15 1,690.15 5558 Landscape Maint 408,713.00 350,211.94 - 58,501.06 - 9915 Transfer Out 3,090,667.48 2,495,116.98 - - 595,550.50 - - - - 27,967,104.46 23,993,899.53 187,030.40 - 3,786,174.53 187,030.40 - 1,586.43 188,616.83 Open PO's to be carried over 187,030.40 Carryover's already in FY 20/21 budget - FY 20/21 carryover appropriation req'd 187,030.40 Add'l FY 19/20 appropriation 1,586.43 188,616.83 City of Diamond Bar General Fund FY 2019-20 to FY 2020-21 6.2.a Packet Pg. 107 Fund #Fund Name Exp Budget Exp Actual Outstanding Encumbrances (Over)/Under PO Carryover Requested Carryover Appropriation Requested in FY 20-21 Budget Add'l Budget Appropriation Required in FY 20-21 FY 19/20 Add'l Approp - 011 Com Org Supp Fund 20,000.00 13,850.00 - 6,150.00 - - 012 Law Enforce Fund 100,000.00 - 100,000.00 015 General Plan Rev 222,535.56 154,671.33 - 67,864.23 75,364.00 52,864.00 22,500.00 4,652.23 018 Technology Reserve - - - - 020 OPEB Reserve 108,000.00 102,850.00 5,150.00 - 025 COVID-19 Fund - 147,711.10 4,000.00 (147,711.10) 4,000.00 - 4,000.00 147,711.10 107 Measure W 453,000.00 - 453,000.00 108 RMRA 1,856,043.50 376,764.69 - 1,479,278.81 - 109 Measure M 1,212,384.42 558,214.59 654,169.83 - 110 Measure R 719,492.00 689,722.04 29,769.96 - - 111-49001 Gas Tax 1,001,782.00 1,001,782.00 - - 111-49250 Gas Tax 476,039.00 426,039.00 50,000.00 - 1,477,821.00 1,427,821.00 - 50,000.00 - - 112-5350 Prop A 64,550.00 30,379.74 34,170.26 - 112-5553 Prop A 1,588,878.00 955,910.72 632,967.28 - 112-9915 Prop A 287,862.75 152,121.69 - 135,741.06 - 1,941,290.75 1,138,412.15 - 802,878.60 - - 113-5553 Prop C 485,469.00 324,571.83 - 160,897.17 - - 113-9915 Prop C 894,443.16 501,758.54 - 392,684.62 - 1,379,912.16 826,330.37 - 553,581.79 - 115-5515 Int Waste Mgmt 559,770.00 495,537.40 64,232.60 - 115-9915 Int Waste Mgmt 10,000.00 10,000.00 - - - - 569,770.00 505,537.40 - 64,232.60 - - - City of Diamond Bar Special Revenue Funds Carryovers FY 2019-20 to FY 2020-21 6.2.b Packet Pg. 108 Fund #Fund Name Exp Budget Exp Actual Outstanding Encumbrances (Over)/Under PO Carryover Requested Carryover Appropriation Requested in FY 20-21 Budget Add'l Budget Appropriation Required in FY 20-21 FY 19/20 Add'l Approp - City of Diamond Bar Special Revenue Funds Carryovers FY 2019-20 to FY 2020-21 116-5510 Traffic Impr - - - 116-9915 Traffic Impr 110,000.00 - - 110,000.00 110,000.00 - - 110,000.00 117-9915 Sewer Mitigation 64,551.00 64,551.00 - 118-5098 Air Quality Mgmt 51,000.00 30,000.00 - 21,000.00 118-9915 Air Quality Mgmt 24,930.00 - 24,930.00 75,930.00 30,000.00 - 45,930.00 119-9915 Trails & Bikeways 108,706.27 7,919.55 100,786.72 120-9915 MTA Grant 1,228,065.54 595,620.92 632,444.62 121-9915 Waste Hauler 134,469.00 150,954.00 (16,485.00) 16,485.00 122-9915 Quimby 217,901.95 127,642.02 90,259.93 123-9915 Prop A Safe Parks - - - 124-9915 Park Dev Fund 49,114.00 49,114.00 - 125-5215 CDBG 89,464.00 58,862.09 30,601.91 125-5350 CDBG 24,443.00 25,872.91 (1,429.91) 125-9915 CDBG 160,000.00 4,596.00 155,404.00 273,907.00 89,331.00 184,576.00 6.2.b Packet Pg. 109 Fund #Fund Name Exp Budget Exp Actual Outstanding Encumbrances (Over)/Under PO Carryover Requested Carryover Appropriation Requested in FY 20-21 Budget Add'l Budget Appropriation Required in FY 20-21 FY 19/20 Add'l Approp - City of Diamond Bar Special Revenue Funds Carryovers FY 2019-20 to FY 2020-21 126-4411 COPS 10,000.00 10,053.53 (53.53) 126-9915 COPS 118,154.00 87,115.00 31,039.00 128,154.00 97,168.53 30,985.47 128-4411 CLEEP 10,000.00 6,762.81 3,237.19 132-9915 Measure A 185,000.00 (250.01) 185,250.01 134-5556 Tres Hermanos 70,000.00 16,875.20 53,124.80 135-4095 PEG 68,700.00 20,736.71 47,963.29 135-9915 PEG - - - 68,700.00 20,736.71 47,963.29 138-5538 LLAD 38 337,033.76 260,331.19 - 76,702.57 - - 139-5539 LLAD 39 469,835.76 404,822.28 - 65,013.48 - 141-5541 LLAD 41 278,369.90 245,350.70 19,540.00 13,479.20 19,540.00 19,540.00 160-5516 Recycling Grant 15,900.00 6,255.14 9,644.86 161-5516 Beverage Grant 37,000.00 1,164.30 35,835.70 370-4090 Debt Service 860,806.00 860,591.26 214.74 510-4081 Self Insurance 496,451.00 414,333.00 82,118.00 6.2.b Packet Pg. 110 Fund #Fund Name Exp Budget Exp Actual Outstanding Encumbrances (Over)/Under PO Carryover Requested Carryover Appropriation Requested in FY 20-21 Budget Add'l Budget Appropriation Required in FY 20-21 FY 19/20 Add'l Approp - City of Diamond Bar Special Revenue Funds Carryovers FY 2019-20 to FY 2020-21 520-4090 Vehicle Replace 172,000.00 - 95,877.66 76,122.34 95,877.66 95,877.66 520-4030 Vehicle Replace 500.00 822.28 (322.28) 520-4093 Vehicle Replace 10,500.00 9,115.32 1,384.68 520-5230 Vehicle Replace 5,400.00 4,047.54 1,352.46 520-5333 Vehicle Replace 500.00 - 500.00 520-5554 Vehicle Replace 55,500.00 17,798.03 27,955.35 9,746.62 27,955.35 27,955.35 520-5556 Vehicle Replace 39,500.00 29,938.26 - 9,561.74 - - 283,900.00 61,721.43 123,833.01 98,345.56 123,833.01 123,833.01 530-4070 Equip Replace 1,276,924.90 595,843.81 523,539.25 157,541.84 523,539.25 523,539.25 540-4093 Building Maint 10,000.00 - 10,000.00 540-5333 Building Maint 154,228.83 36,016.51 111,800.00 6,412.32 111,800.00 - 111,800.00 540-5556 Building Maint 79,741.17 50,285.46 29,455.71 - 540-9915 Building Maint 67,856.00 64,625.00 - 3,231.00 - - - 311,826.00 150,926.97 111,800.00 49,099.03 111,800.00 - 111,800.00 Total Special Rev 17,152,795.47 10,199,650.48 782,712.26 6,174,432.73 858,076.26 52,864.00 805,212.26 168,848.33 6.2.b Packet Pg. 111 Project #Project Name Total Budget Total Exp Required Carryover Carryover in 2020-21 Budget Total Add'l FY 20/21 Carryover Req'd Add'l Carryover Funding Source Amount of Appropriation by Funding Source Total Add'l FY 19/20 Appropriation Req'd Add'l Appropriation Funding Source Project Status Total Amount of PO's to carryover PO 01419 Residential & Collector Street Rehab Area 7 (Contruction)1,760,000.00 1,730,230.04 - - - N/A - N/A COMPLETE - 23919 Arterial Street Rehab (DBB from Mountain Laurel to Clear Creek Cyn)755,221.00 752,753.19 - - - N/A - N/A COMPLETE - 60206919 CDBG Area 1 ADA Curb Ramp Project 160,000.00 141,997.00 6,491.00 - 6,491.00 CDBG 6,491.00 N/A COMPLETE/A WAITING FUNDING 6,491.00 200155 01420 Residential & Collector Street Rehab Area 1a, 1b, 2 (Design)244,779.00 152,451.25 92,327.75 82,779.00 9,548.75 Measure M 9,548.75 N/A ONGOING 68,438.75 200089 02120 Arterial Street Rehab (DBB from Pathfinder to Mountain Laurel) CONST 1,200,000.00 - 1,200,000.00 1,200,000.00 - N/A - N/A ONGOING - 24616 Adaptive Traffic Control System 1,760,000.00 1,414,977.02 90,716.81 - 90,716.81 MTA Grant 90,716.81 N/A COMPLETE/A WAITING FUNDING - 24819 LED Street Name Signs 400,000.00 - - - - N/A - N/A DEFERRED - 24120 Battery Backup System - Final 11 Locations (Design/Construction)200,000.00 - 200,000.00 107,000.00 - N/A - N/A ONGOING - 23318 Lemon Ave. Quiet Zone 75,000.00 - 75,000.00 60,000.00 15,000.00 Prop C 15,000.00 N/A ONGOING - 23420 Bus Shelter Replacement - GSD/Calbourne 40,000.00 - 40,000.00 40,000.00 - N/A - N/A ONGOING - 23620 Bus Shelter Replacement - DBB/Temple Ave 40,000.00 38,363.46 38,363.46 - 38,363.46 Foothill Grant 38,363.46 N/A COMPLETE/A WAITING FUNDING - 23316 Lemon Ave. Interchange Project - CON 165,000.00 2,897.00 162,103.00 - 162,103.00 Measure M 80,000.00 - 23316 Lemon Ave. Interchange Project - CON Measure R 45,000.00 23316 Lemon Ave. Interchange Project - CON Traffic Mit 37,103.00 23316 Lemon Ave. Interchange Project - CON - - - - - GF - 2,897.00 001 165,000.00 2,897.00 162,103.00 - 162,103.00 162,103.00 2,897.00 ONGOING 26019 Groundwater Drainage Improvements Phase 3 (Flapjack Design)65,000.00 - - - - N/A - N/A DEFERRED - 26019 Groundwater Drainage Improvements Phase 3 (Flapjack Construction)280,000.00 - - - - N/A - N/A DEFERRED - 26116 Sewer System Evaluation & Capacity Assurance Plan 64,551.00 64,551.00 - - - N/A - N/A COMPLETE - 26217 Diamond Bar Blvd. Streetscape (GSD - 60FWY)-Design 300,000.00 295,848.92 - - - N/A - N/A COMPLETE - 22818 Grand/GSD Intersection Enhancement 1,478,040.00 75,066.66 1,402,973.34 1,378,040.00 24,933.34 Prop C (1,758.38) N/A - - - - - TDA 26,691.72 N/A - 12,365.13 180177, 180178 1,478,040.00 75,066.66 1,402,973.34 1,378,040.00 24,933.34 24,933.34 ONGOING 12,365.13 26319 Electric Charging Station at City Hall 63,860.00 - 63,860.00 63,860.00 - N/A N/A ONGOING Total Public Works Projects 9,051,451.00 4,669,135.54 3,371,835.36 2,931,679.00 347,156.36 347,156.36 2,897.00 87,294.88 CITY OF DIAMOND BAR CIP CARRYOVERS FY 2019-20 to FY 2020-21 PUBLIC WORKS PROJECTS 6.2.c Packet Pg. 112 Project #Project Name Total Budget Total Exp Required Carryover Carryover in 2020-21 Budget Total Add'l FY 20/21 Carryover Req'd Add'l Carryover Funding Source Amount of Appropriation by Funding Source Total Add'l FY 19/20 Appropriation Req'd Add'l Appropriation Funding Source Project Status Total Amount of PO's to carryover PO CITY OF DIAMOND BAR CIP CARRYOVERS FY 2019-20 to FY 2020-21 25414 Heritage Park Improvements (Design)170,676.00 90,544.57 - - - N/A - N/A COMPLETE - 25517 Canyon Loop Trail (Design/CEQA)140,436.00 85,110.58 55,325.42 37,780.00 17,545.42 GF 55,325.42 ONGOING 74,016.42 200049, 200159 Park Dev (37,780.00) 6,847.08 Park Dev 25517 Canyon Loop Trail (Construction)485,000.00 - - - - - - DEFERRED - 625,436.00 85,110.58 55,325.42 37,780.00 17,545.42 17,545.42 6,847.08 74,016.42 25917 Sycamore Canyon Park Slope Erosion Repairs 655,667.48 655,667.48 - - - GF - COMPLETE 25917 Sycamore Canyon Park Slope Erosion Repairs 408,609.75 367,748.00 40,861.75 40,861.75 FEMA 40,861.75 AWAITING 25917 Sycamore Canyon Park Slope Erosion Repairs 136,203.25 102,153.00 34,050.25 34,050.25 CalOES 34,050.25 FUNDING 25917 Sycamore Canyon Park Slope Erosion Repairs 122,400.00 179,275.00 56,875.00 - 56,875.00 Quimby 56,875.00 56,875.00 Quimby - - 1,322,880.48 1,304,843.48 131,787.00 - 131,787.00 131,787.00 56,875.00 - - 25819 Sycamore Canyon Creek Repair 80,000.00 - - - N/A N/A DEFERRED - 25919 Sunset Crossing Park (Design)209,564.00 59,880.00 - - - N/A N/A COMPLETE - 25120 DBC Slope Creep Repairs and Enhancements (Design)75,000.00 - 75,000.00 75,000.00 - N/A - - N/A ONGOING Total Parks/Facilities Projects 2,483,556.48 1,540,378.63 262,112.42 112,780.00 149,332.42 149,332.42 63,722.08 74,016.42 Grand Total 11,535,007.48 6,209,514.17 3,633,947.78 3,044,459.00 496,488.78 496,488.78 66,619.08 161,311.30 PARKS/FACILITIES PROJECTS 6.2.c Packet Pg. 113 Major Revenue Categories Original Budget COVID-19 Est. Est. % Change Actual % Change Over COVID-19 Est.Difference Property Tax $5,607,160 $5,602,160 -0.1%$5,590,899 -0.2%-$11,261 Sales Tax $5,020,000 $4,265,000 -15.0%$4,846,330 13.6%$581,330 TOT $1,475,000 $1,106,250 -25.0%$1,128,386 2.0%$22,136 Franchise Tax $1,370,000 $1,370,000 0.0%$1,340,960 -2.1%-$29,040 VLF - Property Tax In Lieu $6,489,465 $6,500,485 0.2%$6,500,485 0.0%$0 Vehicle Code/Parking Fines $375,000 $320,000 -14.7%$365,961 14.4%$45,961 Building Permits $1,735,380 $1,336,927 -23.0%$1,294,516 -3.2%-$42,411 DBC Rentals $675,000 $455,000 -32.6%$258,372 -43.2%-$196,628 Recreation Fees $614,800 $409,050 -33.5%$374,577 -8.4%-$34,473 All Other General Fund Revenue $3,214,036 $2,864,586 -10.9%$3,064,926 7.0%$200,340 Subtotal $26,575,841 $24,229,458 -8.8%$24,765,412 2.2%$535,954 Major Revenue Sources Original Budget COVID-19 Est. Est. % Change Actual % Change Over COVID-19 Est.Difference Measure W $900,000 $880,000 -2.2%$0 -100.0%-$880,000 RMRA - SB-1 Revenue $1,059,000 $847,200 -20.0%$995,806 17.5%$148,606 Measure M $817,913 $817,913 0.0%$718,476 -12.2%-$99,437 Measure R $721,766 $721,766 0.0%$749,606 3.9%$27,840 Gas Tax $1,496,315 $1,105,199 -26.1%$1,303,338 17.9%$198,139 Proposition A $1,160,074 $1,160,074 0.0%$1,111,697 -4.2%-$48,377 Transit Pass Sales $744,000 $744,000 0.0%$432,626 -41.9%-$311,374 Proposition C $962,251 $962,251 0.0%$922,155 -4.2%-$40,096 Subtotal $7,861,319 $7,238,403 -7.9%$6,233,704 -13.9%-$1,004,699 FY 2019/2020 (thru 6/30/2020) - GENERAL FUND FY 2019/2020 (thru 6/30/2020) - SPECIAL REVENUE FUNDS CITY OF DIAMOND BAR BUDGET STATUS REPORT JUNE 30, 2020 6.2.d Packet Pg. 114 Major Expenditure Categories Original Budget COVID-19 Est. Est. % Change Actual % Change Over COVID-19 Est.Difference CS - Sheriff's Department $6,813,384 $6,813,384 0.0%$6,782,858 -0.4%-$30,526 CS - Sheriff/Special Events $247,250 $247,250 0.0%$106,073 -57.1%-$141,177 STAR Deputy Program $110,276 $85,776 -22.2%$73,584 -14.2%-$12,192 Crossing Guards $186,940 $156,940 -16.0%$136,077 -13.3%-$20,863 Building & Safety $1,067,708 $804,828 -24.6%$743,967 -7.6%-$60,861 Diamond Bar Center $1,436,163 $1,385,309 -3.5%$1,102,371 -20.4%-$282,938 Recreation $1,992,234 $1,823,681 -8.5%$1,573,682 -13.7%-$249,999 Engineering $1,065,007 $1,025,508 -3.7%$647,976 -36.8%-$377,532 Road Maintenance $1,576,128 $1,556,328 -1.3%$1,253,932 -19.4%-$302,396 Parks & Facilities Maintenance $1,472,043 $1,412,043 -4.1%$1,251,793 -11.3%-$160,250 All Other General Fund Expenditures $11,999,971 $11,707,126 -2.4%$10,321,587 -11.8%-$1,385,539 Total General Fund $27,967,104 $27,018,173 -3.4%$23,993,900 -11.2%-$3,024,273 Major Expenditure Categories Original Budget COVID-19 Est. Est. % Change Actual % Change Over COVID-19 Est.Difference Measure W $453,000 $257,099 -43.2%$0 -100.0%-$257,099 RMRA - SB-1 $1,856,044 $379,233 -79.6%$376,765 -0.7%-$2,468 Measure M $1,212,384 $571,914 -52.8%$558,215 -2.4%-$13,699 Measure R $719,492 $719,492 0.0%$689,722 -4.1%-$29,770 Gas Tax $1,477,821 $1,077,821 -27.1%$1,427,821 32.5%$350,000 Transit Pass Fares $800,000 $750,000 -6.3%$455,525 -39.3%-$294,475 Transit Pass Subsidies $200,000 $200,000 0.0%$131,911 -34.0%-$68,089 Dial-A-Cab $350,000 $350,000 0.0%$201,772 -42.4%-$148,228 Proposition C $1,379,912 $1,000,469 -27.5%$826,330 -17.4%-$174,139 Subtotal $8,448,653 $5,306,028 -37.2%$4,668,061 -12.0%-$637,967 CITY OF DIAMOND BAR BUDGET STATUS REPORT JUNE 30, 2020 FY 2019/2020 (thru 6/30/2020) - GENERAL FUND FY 2019/2020 (thru 6/30/2020) - SPECIAL REVENUE FUNDS 6.2.e Packet Pg. 115