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REV: 11-14-24 MI <br />Complete fee schedule <br />The annual fee schedule follows based on the scope of services outlined herein. <br />First $100 million: <br />7 basis points (0.07%) <br />$100 million – $150 million: <br />5 basis points (0.05%) <br />Assets over $150 million: <br />4 basis points (0.04%) <br />Consultant will bill the City monthly in arrears based on the average amortized cost value, <br />accrued interest, and cash or money market fund balances of assets under management <br />for the month. The actual fees accrued each year pursuant to such monthly billing will <br />depend on the average amount of assets under Consultant’s management, provided, <br />however, that, the amount billed for each year (dated from the effective date of the <br />Agreement or its anniversary, as appropriate) shall be no less than $25,000. No fee will <br />be charged for assets invested outside of the Consultant’s management, including those <br />in LAIF and the County Pool. <br />The City will incur the cost of custody and safekeeping with a third-party custodial bank. <br />ATTY/AGR.2024/Amend.No.1/PFM Asset Management (PFM Asset Management_Amendment No.1) (Page 10 of 10)