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$23,497, and are deducted from the total interest earnings. Net earnings amount to <br />$675,714. <br /> <br />ENVIRONMENTAL REVIEW <br />This activity is not a project under CEQA as defined in CEQA Guidelines, section <br />15378, because it has no potential for resulting in either a direct or foreseeable physical <br />change in the environment. <br /> <br /> <br />SYLVIA BRAVO PETERS <br />DEPUTY TREASURER <br /> <br /> <br />KIMBRA MCCARTHY <br />TREASURER / ASSISTANT CITY MANAGER – ADMINISTRATIVE SERVICES <br /> <br /> <br /> <br />MELISSA STEVENSON DIAZ <br />CITY MANAGER <br /> <br />ATTACHMENTS <br />1. PFM Asset Management Investment Performance Review <br /> <br />6.1.C. - Page 3