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Consulting Services Agreement between City of San Leandro and Last revised [06/10/2025] <br />PFM Asset Management (PFMAM) for Investment Management Services Exhibit A – Page 1 of 1 <br />EXHIBIT A <br />SCOPE OF SERVICES <br />A.Provide full-time full-time management of the City’s investment portfolio and <br />effectively invest the City’s portfolio pursuant to the current investment policy <br />and developed cash flow/maturity analysis schedule. All securities and funds <br />under management of the Adviser shall be held in the name of the City, and shall <br />be held by the City’s Safekeeping Agent. <br />B.Develop and implement investment strategies that will enhance portfolio <br />performance under current and future market conditions within the parameters <br />of the City’s Investment Policy, California State law and cash flow needs. <br />C.Provide technical and fundamental market research including yield curve <br />analysis. <br />D.Obtain and document competitive pricing for security transactions. <br />E.Manage and document trade settlements. <br />F.Assist City staff in reviewing and updating at least annually the City’s Investment <br />Policy and Cash Flow Forecast. <br />G.Perform due diligence reviews of all current and proposed broker/dealers. <br />H.Monitor the creditworthiness of the City’s depository and custodian bank and <br />the investments in the portfolio. <br />I.Work with the City in developing and maintaining a cash flow forecasting system <br />to determine investment requirements. <br />J.Provide monthly investment reports for the portfolio detailing securities <br />holdings, daily activity reconciliation, portfolio composition and sector <br />analyses, portfolio return and weighted average maturities. Reports should <br />consolidate funds under control of Adviser and funds held by City in LAIF or <br />similar authorized investment pools. <br />K.Provide separate semi-annual and annual portfolio performance reports. <br />L.Provide electronic access to portfolio information including up-to-date market <br />pricing. <br />M.Provide training to staff on cash, treasury and investment management <br />subjects. <br />N.Meet with City investment and management staff at least quarterly, and as <br />required with City Council Finance Committee. <br />ATTACHMENT 2