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irresponsible" for allocating approximately $1 ,000,000 into a reserve fund for a world class, all abilities skate park. Item # 7 presents a lot of numbers, but what do those values mean to you individually? Have 3 of the 5 council members who have been accused of being fiscally irresponsible placed the city on the precipice of insolvency? To start the conversation, some observations I've made (with questions that need to be asked)- Section sked):Section 115 trust fund PARS a) What fees does Highmark Capital Management charge Pleasanton to manage the $44MM+ in these 2 funds? The PARS report from Fiona Ma states that expenses (paid to whom??) for December 2022 were $13,370.81 . What were the total expenses for a longer period of time? And how are these expenses calculated? b) Page 15/24 shows a table with YTM over 2022 (monthly). The question should be asked, why the YTM varies between 1 .1 to 1 .2%, when the historical Fed Funds yield are significantly higher? Ref. FFR- https://www.hsh.com/indices/federal-funds-rate.htmi c) Was establishing the 115 trust in 2018 the correct decision? Based on the data presented in item #7, the answer is an obvious NO. The total return of the conservative fund since June of 2018 is only 2.47%. The total return of Capital Growth Portfolio since June 2018 is only 4.62% Should the Pleasanton continue to fund the 115 trust? Should the 115 trust be terminated? Should Highmark Capital Management be replaced? What is the stated rate of return of CalPERS over the same time frame as Pleasanton's 115 trust? Lastly, it should be noted that Pleasanton has lost $20MM —10% in the investments it has made (book value vs. market value p.3/24). $20MM loss, below benchmark returns on 115 trust. . . .crickets $1 MM toward an all abilities skate park. . . .major campaign issue and front page headlines in local media. Exactly what are the priorities of this City Council? Staff?, and the community at large? 2