Berkeley City Council
May 19, 2026

SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Strongly disagree ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Strongly disagree
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly disagree
Question 2
• I oppose this proposal
Question 3
• I oppose this proposal
Question 4
• I oppose this proposal
Question 5
• I oppose this proposal
Question 6
• I oppose this proposal
Question 7
• I would not support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Likely
Brighter lighting and more visible security presence: Neutral Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Neutral
Lower hourly rates for the first 2 hours compared to nearby street meters: Likely
More Electric Vehicle charging stations or expanded bike valet services:

Likely
Question 10
• Resident
Question 11
• Drive alone
• Take public transit
• Walk
• Ride bicycle
Question 12
94703
Name not available
inside City Council Districts
March 16, 2026, 2:23 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Strongly agree ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Strongly agree
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I oppose this proposal
Question 3
• I support this proposal
Question 4
• I support this proposal
Question 5
• I support this proposal
Question 6
• I support this proposal
434 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

Question 7
• I would support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Likely
Brighter lighting and more visible security presence: Neutral Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Likely
More Electric Vehicle charging stations or expanded bike valet services:

Neutral
Question 10
• Resident
Question 11
• Walk
Question 12
94708
Name not available
March 16, 2026, 3:17 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Neutral
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Agree
Question 2
• I oppose this proposal
Question 3
• I oppose this proposal
Question 4
• I oppose this proposal
Question 5
• I support this proposal
Question 6
• I oppose this proposal
Question 7
• I would support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Very likely Brighter lighting and more visible security presence: Likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Neutral
Lower hourly rates for the first 2 hours compared to nearby street meters: Likely
More Electric Vehicle charging stations or expanded bike valet services:

Unlikely
Question 10
• Resident
• Employee
Question 11
• Drive alone
• Rideshare
• Walk
Question 12
435 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

94703
Name not available
March 16, 2026, 3:40 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Strongly agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.: Agree SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly disagree
Question 2
• I am unsure of this proposal/I need more information
Question 3
• I am unsure of this proposal/I need more information
Question 4
• I support this proposal
Question 5
• I am unsure of this proposal/I need more information
Question 6
• I support this proposal
Question 7
• I am unsure of this/I need more information
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Likely
Brighter lighting and more visible security presence: Likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Very likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Likely
More Electric Vehicle charging stations or expanded bike valet services:

Very unlikely
Question 10
• Visitor
Question 11
• Drive alone
Question 12
94706
Name not available
inside City Council Districts
March 16, 2026, 4:10 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Strongly disagree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Strongly disagree ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Strongly disagree
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly disagree
Question 2
• I oppose this proposal
Question 3
• I oppose this proposal
Question 4
• I oppose this proposal
Question 5
• I oppose this proposal
436 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

Question 6
• I oppose this proposal
Question 7
• I would not support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Very likely Brighter lighting and more visible security presence: Likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Very likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Neutral
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Very unlikely
Question 10
• Resident
Question 11
• Other - drive with spouse
Question 12
94707
Name not available
March 16, 2026, 4:10 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Strongly agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.: Agree SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Agree
Question 2
• I am unsure of this proposal/I need more information
Question 3
• I am unsure of this proposal/I need more information
Question 4
• I am unsure of this proposal/I need more information
Question 5
• I support this proposal
Question 6
• I oppose this proposal
Question 7
• I would not support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Likely
Brighter lighting and more visible security presence: Very likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Very likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Very likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Neutral
Question 10
• Resident
Question 11
• Drive alone
Question 12
No response
437 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

Name not shown
inside City Council Districts
March 16, 2026, 5:29 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Neutral
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Strongly agree ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Strongly agree
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I oppose this proposal
Question 3
• I am unsure of this proposal/I need more information
Question 4
• I oppose this proposal
Question 5
• I support this proposal
Question 6
• I support this proposal
Question 7
• I would support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Neutral
Brighter lighting and more visible security presence: Very likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Very likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Very likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Very likely
Question 10
• Resident
Question 11
• Take public transit
• Walk
Question 12
94703
Name not available
March 16, 2026, 5:43 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Disagree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.: Agree SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Agree
Question 2
• I support this proposal
Question 3
• I support this proposal
Question 4
• I support this proposal
Question 5
• I support this proposal
Question 6
438 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

• I support this proposal
Question 7
• I am unsure of this/I need more information
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Likely
Brighter lighting and more visible security presence: Unlikely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Unlikely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Unlikely
Lower hourly rates for the first 2 hours compared to nearby street meters: Likely
More Electric Vehicle charging stations or expanded bike valet services:

Very unlikely
Question 10
• Resident
Question 11
• Other - Depends - car and scooter mostly, sometimes walk Question 12
94706
Name not shown
inside City Council Districts
March 16, 2026, 6:11 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Strongly agree ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Strongly agree
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I support this proposal
Question 3
• I support this proposal
Question 4
• I am unsure of this proposal/I need more information
Question 5
• I support this proposal
Question 6
• I support this proposal
Question 7
• I would support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Likely
Brighter lighting and more visible security presence: Likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Likely
More Electric Vehicle charging stations or expanded bike valet services:

Very unlikely
Question 10
• Resident
Question 11
• Drive alone
Question 12
94702
439 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

Name not available
inside City Council Districts
March 16, 2026, 6:18 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.: Agree SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I am unsure of this proposal/I need more information
Question 3
• I support this proposal
Question 4
• I support this proposal
Question 5
• I support this proposal
Question 6
• I support this proposal
Question 7
• I would support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Likely
Brighter lighting and more visible security presence: Likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Very likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Very likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Likely
Question 10
• Resident
Question 11
• Walk
Question 12
94705
Name not available
March 16, 2026, 6:35 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Neutral
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.: Agree SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Agree
Question 2
• I support this proposal
Question 3
• I support this proposal
Question 4
• I am unsure of this proposal/I need more information
Question 5
• I oppose this proposal
Question 6
• I am unsure of this proposal/I need more information
440 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

Question 7
• I would not support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Very likely Brighter lighting and more visible security presence: Likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Very likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Very likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Neutral
Question 10
• Resident
Question 11
• Other - walk to Elmwood, otherwise drive usually alone Question 12
94704
Name not available
inside City Council Districts
March 16, 2026, 8:06 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Neutral
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.: Agree SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I am unsure of this proposal/I need more information
Question 3
• I oppose this proposal
Question 4
• I support this proposal
Question 5
• I support this proposal
Question 6
• I support this proposal
Question 7
• I would not support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Neutral
Brighter lighting and more visible security presence: Likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Neutral
Question 10
• Resident
Question 11
• Drive alone
• Take public transit
Question 12
94707
441 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

Name not available
outside City Council Districts
March 16, 2026, 8:30 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Strongly agree ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Neutral
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I support this proposal
Question 3
• I support this proposal
Question 4
• I support this proposal
Question 5
• I support this proposal
Question 6
• I support this proposal
Question 7
• I am unsure of this/I need more information
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Unlikely
Brighter lighting and more visible security presence: Likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Very likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Very likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Neutral
Question 10
• Visitor
Question 11
• Drive alone
• Take public transit
Question 12
94706
Name not available
March 16, 2026, 10:42 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Neutral
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Agree
Question 2
• I oppose this proposal
Question 3
• I oppose this proposal
Question 4
• I oppose this proposal
Question 5
• I support this proposal
442 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

Question 6
• I oppose this proposal
Question 7
• I am unsure of this/I need more information
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Likely
Brighter lighting and more visible security presence: Very likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Neutral
Question 10
• Resident
Question 11
• Walk
Question 12
94705
Name not shown
inside City Council Districts
March 16, 2026, 10:49 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Strongly agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Strongly agree ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.: Agree SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Agree
Question 2
• I am unsure of this proposal/I need more information
Question 3
• I support this proposal
Question 4
• I am unsure of this proposal/I need more information
Question 5
• I support this proposal
Question 6
• I support this proposal
Question 7
• I would support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Likely
Brighter lighting and more visible security presence: Neutral Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Very likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Very likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Very unlikely
Question 10
• Resident
Question 11
• Drive alone
Question 12
443 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

94708
Name not available
inside City Council Districts
March 17, 2026, 12:49 AM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Strongly agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Neutral
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Disagree
Question 2
• I oppose this proposal
Question 3
• I oppose this proposal
Question 4
• I oppose this proposal
Question 5
• I oppose this proposal
Question 6
• I oppose this proposal
Question 7
• I am unsure of this/I need more information
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Likely
Brighter lighting and more visible security presence: Likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Very likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Very likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Likely
Question 10
• Resident
Question 11
• Drive alone
Question 12
94708
Name not shown
inside City Council Districts
March 17, 2026, 1:03 AM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Strongly agree ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Neutral
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I oppose this proposal
Question 3
• I oppose this proposal
Question 4
• I oppose this proposal
Question 5
444 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

• I support this proposal
Question 6
• I am unsure of this proposal/I need more information
Question 7
• I would support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Very likely Brighter lighting and more visible security presence: Neutral Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Neutral
Improved signage at nearby streets and clearer exit paths for pedestrians:

Likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Very unlikely
Question 10
• Resident
Question 11
• Drive alone
Question 12
94710
Name not available
March 17, 2026, 6:05 AM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Strongly disagree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Strongly disagree ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Strongly disagree
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly disagree
Question 2
• I oppose this proposal
Question 3
• I oppose this proposal
Question 4
• I oppose this proposal
Question 5
• I oppose this proposal
Question 6
• I oppose this proposal
Question 7
• I would not support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Likely
Brighter lighting and more visible security presence: Likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Likely
More Electric Vehicle charging stations or expanded bike valet services:

Likely
Question 10
• Resident
Question 11
• Drive alone
445 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

Question 12
94703
Name not available
inside City Council Districts
March 17, 2026, 6:51 AM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Disagree
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Agree
Question 2
• I oppose this proposal
Question 3
• I support this proposal
Question 4
• I support this proposal
Question 5
• I support this proposal
Question 6
• I support this proposal
Question 7
• I would not support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Very likely Brighter lighting and more visible security presence: Likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Very likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Neutral
Question 10
• Resident
Question 11
• Drive alone
Question 12
94707
Name not available
inside City Council Districts
March 17, 2026, 7:57 AM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Neutral
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Neutral
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Neutral
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Agree
Question 2
• I am unsure of this proposal/I need more information
Question 3
• I am unsure of this proposal/I need more information
Question 4
• I am unsure of this proposal/I need more information
446 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

Question 5
• I support this proposal
Question 6
• I support this proposal
Question 7
• I am unsure of this/I need more information
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Very likely Brighter lighting and more visible security presence: Very likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Very likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Very likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Very likely
Question 10
• Resident
Question 11
• Take public transit
Question 12
94704
Name not available
inside City Council Districts
March 17, 2026, 9:52 AM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Disagree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.: Agree SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Agree
Question 2
• I oppose this proposal
Question 3
• I oppose this proposal
Question 4
• I oppose this proposal
Question 5
• I support this proposal
Question 6
• I oppose this proposal
Question 7
• I would not support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Very likely Brighter lighting and more visible security presence: Very likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Unlikely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Very unlikely
Question 10
• Resident
Question 11
447 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

• Drive alone
Question 12
94703
Name not available
inside City Council Districts
March 17, 2026, 10:40 AM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Strongly agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Disagree
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Agree
Question 2
• I oppose this proposal
Question 3
• I support this proposal
Question 4
• I am unsure of this proposal/I need more information
Question 5
• I support this proposal
Question 6
• I oppose this proposal
Question 7
• I would support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Neutral
Brighter lighting and more visible security presence: Neutral Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Neutral
Improved signage at nearby streets and clearer exit paths for pedestrians:

Neutral
Lower hourly rates for the first 2 hours compared to nearby street meters: Likely
More Electric Vehicle charging stations or expanded bike valet services:

Unlikely
Question 10
• Resident
Question 11
• Drive alone
Question 12
94707
Name not available
March 17, 2026, 11:48 AM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Disagree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Neutral
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.: Agree SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I support this proposal
Question 3
• I support this proposal
Question 4
• I support this proposal
448 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

Question 5
• I oppose this proposal
Question 6
• I oppose this proposal
Question 7
• I would support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Very likely Brighter lighting and more visible security presence: Neutral Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Unlikely
Lower hourly rates for the first 2 hours compared to nearby street meters: Likely
More Electric Vehicle charging stations or expanded bike valet services:

Very unlikely
Question 10
• Resident
Question 11
• Drive alone
• Walk
• Ride bicycle
Question 12
94703
Name not available
inside City Council Districts
March 17, 2026, 1:56 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.: Agree SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I oppose this proposal
Question 3
• I oppose this proposal
Question 4
• I oppose this proposal
Question 5
• I support this proposal
Question 6
• I support this proposal
Question 7
• I would support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Very likely Brighter lighting and more visible security presence: Likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Unlikely
Question 10
• Resident
449 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

• Business Owner
Question 11
• Drive alone
• Rideshare
• Walk
• Ride bicycle
Question 12
94703
Name not available
inside City Council Districts
March 17, 2026, 2:23 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Strongly agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Strongly agree ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Strongly agree
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I am unsure of this proposal/I need more information
Question 3
• I support this proposal
Question 4
• I am unsure of this proposal/I need more information
Question 5
• I support this proposal
Question 6
• I support this proposal
Question 7
• I would support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Very likely Brighter lighting and more visible security presence: Very likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Very likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Very likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Likely
Question 10
• Resident
Question 11
• Other - Mix: drive with family, drive by self, bike and take transit.

Question 12
94702
Name not available
March 17, 2026, 2:29 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Neutral
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Disagree
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Agree
Question 2
450 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

• I am unsure of this proposal/I need more information
Question 3
• I oppose this proposal
Question 4
• I oppose this proposal
Question 5
• I oppose this proposal
Question 6
• I oppose this proposal
Question 7
• I am unsure of this/I need more information
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Neutral
Brighter lighting and more visible security presence: Neutral Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Neutral
Improved signage at nearby streets and clearer exit paths for pedestrians:

Neutral
Lower hourly rates for the first 2 hours compared to nearby street meters: Neutral
More Electric Vehicle charging stations or expanded bike valet services:

Neutral
Question 10
• Resident
• Business Owner
Question 11
• Take public transit
• Walk
• Ride bicycle
• Other - Drive with a friend or family member
Question 12
94703
Name not available
inside City Council Districts
March 17, 2026, 2:48 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Neutral
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Agree
Question 2
• I am unsure of this proposal/I need more information
Question 3
• I support this proposal
Question 4
• I am unsure of this proposal/I need more information
Question 5
• I am unsure of this proposal/I need more information
Question 6
• I support this proposal
Question 7
• I am unsure of this/I need more information
Question 8
• No, I would not be willing to pay this amount
Question 9
451 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

Free garage parking for the first 20 minutes: Very likely Brighter lighting and more visible security presence: Very unlikely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Very unlikely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Very unlikely
Lower hourly rates for the first 2 hours compared to nearby street meters: Likely
More Electric Vehicle charging stations or expanded bike valet services:

Very unlikely
Question 10
• Resident
Question 11
• Drive alone
• Ride bicycle
Question 12
94703
Name not available
March 17, 2026, 3:50 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Strongly agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Strongly agree ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.: Agree SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I oppose this proposal
Question 3
• I oppose this proposal
Question 4
• I oppose this proposal
Question 5
• I support this proposal
Question 6
• I oppose this proposal
Question 7
• I would support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Unlikely
Brighter lighting and more visible security presence: Very likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Very likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Very likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very unlikely
More Electric Vehicle charging stations or expanded bike valet services:

Very unlikely
Question 10
• Employee
Question 11
• Drive alone
Question 12
94704
Name not available
March 17, 2026, 6:10 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:
452 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

Disagree
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly disagree
Question 2
• I oppose this proposal
Question 3
• I oppose this proposal
Question 4
• I oppose this proposal
Question 5
• I support this proposal
Question 6
• I am unsure of this proposal/I need more information
Question 7
• I would support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Very likely Brighter lighting and more visible security presence: Likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Very likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Very likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Likely
Question 10
• Resident
Question 11
• Ride bicycle
Question 12
94703
Name not available
March 17, 2026, 8:30 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Strongly agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Strongly agree ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Strongly agree
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I oppose this proposal
Question 3
• I oppose this proposal
Question 4
• I oppose this proposal
Question 5
• I oppose this proposal
Question 6
• I oppose this proposal
Question 7
• I would support this
Question 8
• No, I would not be willing to pay this amount
453 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

Question 9
Free garage parking for the first 20 minutes: Neutral
Brighter lighting and more visible security presence: Neutral Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Neutral
Improved signage at nearby streets and clearer exit paths for pedestrians:

Neutral
Lower hourly rates for the first 2 hours compared to nearby street meters: Neutral
More Electric Vehicle charging stations or expanded bike valet services:

Neutral
Question 10
• Resident
• Employee
Question 11
• Drive alone
Question 12
94702
Name not available
March 17, 2026, 9:49 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Neutral
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Disagree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.: Agree SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I support this proposal
Question 3
• I oppose this proposal
Question 4
• I oppose this proposal
Question 5
• I am unsure of this proposal/I need more information
Question 6
• I am unsure of this proposal/I need more information
Question 7
• I am unsure of this/I need more information
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Very likely Brighter lighting and more visible security presence: Very likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Very likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Very likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Neutral
Question 10
• Resident
Question 11
• Drive alone
Question 12
94710
Name not available
inside City Council Districts
March 18, 2026, 1:05 AM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Neutral
454 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Strongly agree ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Strongly agree
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I support this proposal
Question 3
• I support this proposal
Question 4
• I support this proposal
Question 5
• I support this proposal
Question 6
• I support this proposal
Question 7
• I would not support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Likely
Brighter lighting and more visible security presence: Unlikely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Neutral
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Likely
Question 10
• Resident
Question 11
• Ride bicycle
Question 12
94707
Name not available
outside City Council Districts
March 18, 2026, 4:46 AM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Strongly agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Strongly agree ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Strongly agree
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I oppose this proposal
Question 3
• I oppose this proposal
Question 4
• I support this proposal
Question 5
• I support this proposal
Question 6
• I oppose this proposal
Question 7
• I would not support this
455 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Very likely Brighter lighting and more visible security presence: Very likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Very likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Very likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Very unlikely
Question 10
• Visitor
Question 11
• Drive alone
Question 12
94608
Name not available
March 18, 2026, 8:08 AM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Strongly disagree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Strongly disagree ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.: Agree SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I support this proposal
Question 3
• I support this proposal
Question 4
• I support this proposal
Question 5
• I support this proposal
Question 6
• I support this proposal
Question 7
• I am unsure of this/I need more information
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Neutral
Brighter lighting and more visible security presence: Neutral Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Neutral
Improved signage at nearby streets and clearer exit paths for pedestrians:

Neutral
Lower hourly rates for the first 2 hours compared to nearby street meters: Neutral
More Electric Vehicle charging stations or expanded bike valet services:

Neutral
Question 10
• Resident
Question 11
• Take public transit
Question 12
94705
Name not shown
inside City Council Districts
March 18, 2026, 8:11 AM
Question 1
456 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

AVAILABILITY: Make it easier to find a parking space near your destination.: Agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Disagree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.: Agree SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Neutral
Question 2
• I support this proposal
Question 3
• I oppose this proposal
Question 4
• I support this proposal
Question 5
• I support this proposal
Question 6
• I support this proposal
Question 7
• I would support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Neutral
Brighter lighting and more visible security presence: Likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Likely
More Electric Vehicle charging stations or expanded bike valet services:

Neutral
Question 10
• Resident
Question 11
• Walk
Question 12
94703
Name not available
March 18, 2026, 9:34 AM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Strongly agree ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Strongly agree
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I support this proposal
Question 3
• I support this proposal
Question 4
• I support this proposal
Question 5
• I support this proposal
Question 6
• I am unsure of this proposal/I need more information
Question 7
• I am unsure of this/I need more information
457 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Very likely Brighter lighting and more visible security presence: Neutral Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Neutral
Improved signage at nearby streets and clearer exit paths for pedestrians:

Likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Neutral
Question 10
• Visitor
Question 11
• Take public transit
Question 12
94530
Name not available
outside City Council Districts
March 18, 2026, 9:48 AM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Neutral
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I oppose this proposal
Question 3
• I support this proposal
Question 4
• I am unsure of this proposal/I need more information
Question 5
• I support this proposal
Question 6
• I support this proposal
Question 7
• I would support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Very likely Brighter lighting and more visible security presence: Neutral Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Neutral
Improved signage at nearby streets and clearer exit paths for pedestrians:

Neutral
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Neutral
Question 10
• Other - Current employee, about to become a resident (moving from El Cerrito)
Question 11
• Other - Even split between driving & bike
Question 12
94530
Name not available
March 18, 2026, 9:58 AM
458 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Disagree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Neutral
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Neutral
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I support this proposal
Question 3
• I support this proposal
Question 4
• I support this proposal
Question 5
• I support this proposal
Question 6
• I support this proposal
Question 7
• I am unsure of this/I need more information
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Unlikely
Brighter lighting and more visible security presence: Unlikely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Unlikely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Very unlikely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very unlikely
More Electric Vehicle charging stations or expanded bike valet services:

Very unlikely
Question 10
• Resident
Question 11
• Ride bicycle
Question 12
94703
Name not available
March 18, 2026, 10:24 AM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Neutral
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Strongly agree ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Neutral
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I support this proposal
Question 3
• I support this proposal
Question 4
• I support this proposal
Question 5
• I support this proposal
Question 6
• I support this proposal
Question 7
• I would support this
459 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Likely
Brighter lighting and more visible security presence: Neutral Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Likely
More Electric Vehicle charging stations or expanded bike valet services:

Neutral
Question 10
• Visitor
Question 11
• Rideshare
Question 12
94530
Name not available
March 18, 2026, 11:18 AM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.: Agree SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I support this proposal
Question 3
• I am unsure of this proposal/I need more information
Question 4
• I support this proposal
Question 5
• I support this proposal
Question 6
• I oppose this proposal
Question 7
• I would support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Very likely Brighter lighting and more visible security presence: Neutral Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Very likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Neutral
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Neutral
Question 10
• Resident
Question 11
• Drive alone
• Take public transit
• Walk
Question 12
94708
Name not available
March 18, 2026, 1:45 PM
Question 1
460 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

AVAILABILITY: Make it easier to find a parking space near your destination.: Strongly agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Strongly agree ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Strongly agree
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I oppose this proposal
Question 3
• I oppose this proposal
Question 4
• I oppose this proposal
Question 5
• I support this proposal
Question 6
• I support this proposal
Question 7
• I am unsure of this/I need more information
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Very likely Brighter lighting and more visible security presence: Very likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Very likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Very likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Very likely
Question 10
• Resident
Question 11
• Drive alone
Question 12
94704
Name not available
March 18, 2026, 1:52 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Neutral
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Strongly agree
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I support this proposal
Question 3
• I support this proposal
Question 4
• I support this proposal
Question 5
• I support this proposal
Question 6
• I am unsure of this proposal/I need more information
Question 7
• I am unsure of this/I need more information
461 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Likely
Brighter lighting and more visible security presence: Unlikely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Unlikely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Neutral
Question 10
• Resident
Question 11
• Rideshare
Question 12
94703
Name not available
March 18, 2026, 3:54 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Neutral
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.:

Disagree
SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Strongly agree
Question 2
• I oppose this proposal
Question 3
• I support this proposal
Question 4
• I oppose this proposal
Question 5
• I am unsure of this proposal/I need more information
Question 6
• I support this proposal
Question 7
• I am unsure of this/I need more information
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Neutral
Brighter lighting and more visible security presence: Likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Neutral
Improved signage at nearby streets and clearer exit paths for pedestrians:

Unlikely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Very unlikely
Question 10
• Employee
Question 11
• Drive alone
Question 12
94703
Name not available
March 18, 2026, 4:00 PM
462 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Strongly agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.: Agree SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Neutral
Question 2
• I support this proposal
Question 3
• I oppose this proposal
Question 4
• I am unsure of this proposal/I need more information
Question 5
• I oppose this proposal
Question 6
• I oppose this proposal
Question 7
• I would support this
Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Very unlikely Brighter lighting and more visible security presence: Very likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Very unlikely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Neutral
Question 10
• Resident
Question 11
• Drive alone
Question 12
94707
Name not available
inside City Council Districts
March 18, 2026, 4:11 PM
Question 1
AVAILABILITY: Make it easier to find a parking space near your destination.: Strongly agree
SUSTAINABILITY: Reduce greenhouse gas emissions by decreasing the time drivers spend "circling" for parking.: Agree
ECONOMIC VITALITY: Increase "turnover" of parked cars in high-demand areas so more customers can access local shops and restaurants.: Agree SAFETY: Improve safety for pedestrians and cyclists by reducing distracted driving (drivers looking for parking spaces) and double- parking.: Agree
Question 2
• I oppose this proposal
Question 3
• I support this proposal
Question 4
• I support this proposal
Question 5
• I support this proposal
Question 6
• I support this proposal
Question 7
• I am unsure of this/I need more information
463 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

Question 8
• No, I would not be willing to pay this amount
Question 9
Free garage parking for the first 20 minutes: Likely
Brighter lighting and more visible security presence: Very likely Real-time signs on Shattuck Avenue showing exactly how many spaces remain: Likely
Improved signage at nearby streets and clearer exit paths for pedestrians:

Very likely
Lower hourly rates for the first 2 hours compared to nearby street meters: Very likely
More Electric Vehicle charging stations or expanded bike valet services:

Neutral
Question 10
• Resident
Question 11
• Rideshare
• Take public transit
• Walk
• Ride bicycle
Question 12
94704
464 | communityfeedback.opengov.com/14889 Created with OpenGov | March 18, 2026, 5:06 PM Parking Management Program Potential Adjustments
Weigh in on proposals to improve availability and efficiency of on-street parking in high-demand areas.

NOTICE OF PUBLIC HEARING

BERKELEY CITY COUNCIL

PREFERENTIAL PARKING PROGRAM PERMIT FEES AND PARKING

METER TRANSACTION FEES

The public may participate in this hearing by remote video or in-person.

Notice is hereby given by the City Council of the City of Berkeley that a public hearing will be conducted by said city council of the City of Berkeley at which time and place all persons may attend and be heard upon the following:

The Department of Public Works is proposing to increase the Preferential Parking Program permit fees and charge parking meter transaction fees to reduce the RPP and goBerkeley programs’ operational deficit and recover program costs.

The hearing will be held on May 19, 2026, at 6:00 p.m. in the School District Board Room, located at 1231 Addison Street, Berkeley CA 94702.

For further information, please contact at Elliott Schwimmer, Senior Planner, 510.981.7066.

A copy of the agenda material for this hearing will be available on the City’s website at https://berkeleyca.gov/ as of 5:00 p.m. on May 7, 2026. Once posted, the agenda for this meeting will include a link for public participation using Zoom video technology, as well as any health and safety requirements for in-person attendance.

Written comments should be mailed or delivered directly to the City Clerk, 2180 Milvia Street, Berkeley, CA 94704, or e-mailed to
[email protected] in order to ensure
delivery to all Councilmembers and inclusion in the agenda packet.

Communications to the Berkeley City Council are public record and will become part of the City’s electronic records, which are accessible through the City’s website. Please note: e-mail addresses, names, addresses, and other contact information are not required, but if included in any communication to the City Council, will become part of the public record. If you do not want your e-mail address or any other contact information to be made public, you may deliver communications via U.S. Postal Service or in person to the City Clerk. If you do not want your contact information included in the public record, please do not include that information in your communication. Please contact the City Clerk at (510) 981-6900 or [email protected] for further information.

If you challenge the above in court, you may be limited to raising only those issues you or someone else raised at the public hearing described in this notice, or in written correspondence delivered to the City of Berkeley at, or prior to, the public hearing.

Background information concerning this proposal will be available at the City Clerk

Department and posted on the City of Berkeley webpage at least 12 days prior to the public hearing.

Published: May 1 and May 8, 2026 – The Berkeley Voice
Published pursuant to Government Code Section 6062a
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I hereby certify that the Notice for this Public Hearing of the Berkeley City Council was posted at the display case located near the walkway in front of the Maudelle Shirek Building, 2134 Martin Luther King Jr. Way, as well as on the City’s website, on May 7, 2026.

Mark Numainville, City Clerk

Office of the City Manager
2180 Milvia Street, Berkeley, CA 94704 ● Tel: (510) 981-7000 ● TDD: (510) 981-6903 ● Fax: (510) 981-7099 E-Mail: [email protected] Website: https://berkeleyca.gov/

PUBLIC HEARING
May 19, 2026
To: Honorable Mayor and Members of the City Council
From: Paul Buddenhagen, City Manager
Submitted by: Wahid Amiri, Interim Director, Public Works Subject: Zero Waste Plan Checks and Compliance Inspections Fees

RECOMMENDATION
Conduct a public hearing and upon conclusion, adopt a Resolution establishing new cost recovery fees in the Public Works Department’s Zero Waste Plan Check and Compliance Inspections; authorizing the City Manager, or designee, to collect such fees to recover staffing costs.

SUMMARY
The Public Works Department routinely performs plan checks and inspections for construction and demolition (C&D) recycling compliance. Introducing a cost recovery fee program for Zero Waste will formalize the plan check process by associating a cost for the staff time spent complying with City, County, and State requirements. This $250 cost will be a flat fee for each permit listed below in Table 1. Plan Checks and Compliance Inspections Fees will be collected at the time of permit issuance for C&D, Accela and Events Plan Checks. Services will be invoiced separately for foodware and food recovery compliance inspection at completion. These fees are intended only to recover the reasonable cost of staff time required to perform direct plan check and compliance inspection services and are not intended to generate revenue beyond the cost of providing these services.

FISCAL IMPACTS OF RECOMMENDATION
Staff have monitored time spent on plan check and compliance inspections from the start of Fiscal Year 2023 to the conclusion of Fiscal Year 2025, having completed 1,676 compliance related reviews and inspections and demonstrated the need to recover two hours of staff time per required review and inspection. Staff is proposing a flat fee of $250 per activity listed below (see Table 1 on following page) to cover the associated two hours, which would generate approximately $419,000 annually for the Zero Waste Fund (Fund 601).

Zero Waste Plan Checks and Compliance Inspections Fees PUBLIC HEARING May 19, 2026

Table 1: Zero Waste Compliance Fee Revenue Table
Program Area 2025 Activity
Volume
Fee per
Activity ($)
Projected FY
2027 Revenue
Projected FY
2028 Revenue
C&D
Compliance
Plan Checks
320 $250 $80,000 $80,000
Trash Room /
Space
Allocation Plan
Checks
550 $250 $137,500 $137,500
SB 1383
Events
Compliance
113 $250 $28,250 $28,250
SB 1383 Food
Recovery
Inspections
45 $250 $11,250 $11,250
Foodware
Ordinance
Inspections
648 $250 $162,000 $162,000
TOTAL 1,676 $419,000 $419,000
Note: Each activity requires an average of approximately two hours of staff time.

CURRENT SITUATION AND ITS EFFECTS
The Public Works Department currently performs plan checks and compliance inspections for the C&D permit process, interdepartmental coordination, and ongoing ordinance implementation. Without a dedicated cost-recovery mechanism, these direct compliance services must be absorbed by the Zero Waste Fund, reducing available resources for core Zero Waste operations and other regulatory compliance needs.

Implementation of new fees associated with staff time spent on permit compliance processes will allow Public Works to recover costs for compliance plan checks and inspections. In accordance with California State Proposition 218, the activities associated with the proposed fee cannot be paid for through the solid waste collection rates since the activities are not associated with the cost of providing collection services. Using the Zero Waste Fund to cover plan checks and inspections will continue to draw down the fund balance if not reimbursed through an associated fee.

Due to increased coordination with the Planning and Development Department, and additional capacity needed to support inspections that the Health, Housing and Community Services Department has not been able to perform (as a result of staffing shortages), Public Works is proposing a fee of $250 (Table 1) for each of the following compliance and inspection activities:
 C&D Green Halo Plan Checks

Zero Waste Plan Checks and Compliance Inspections Fees PUBLIC HEARING May 19, 2026

 New Construction Accela Plan Checks
 Zero Waste Events Plan Checks
 Foodware Ordinance Compliance Inspections
 Food Recovery Agreement Inspections
To maintain cost recovery for these direct staff services, staff may return to council to increase fees to accurately reflect real costs for staff time.

Plan Checks and Compliance Inspections Fees will be collected at the time of permit issuance for C&D, Accela and Events Plan Checks. Services will be invoiced separately for foodware and food recovery compliance inspection at completion. Public Works routinely performs plan checks and compliance inspections during its C&D interdepartmental meetings and weekly ordinance outreach. Introducing the fee program for plan checks and compliance inspections will emphasize the importance of complying with City, County, and State requirements and recognize the associated cost.

The associated cost of flat fee of $250, (Table 1), includes the total hourly cost of the planning approval process by tracking the professional staff time spent providing an estimated two hours of direct services, such as reviewing permit applications, permits, and performing field inspections.

The following activities would be covered by the $250 fee:

Construction and Demolition (C&D) Green Halo Plan Checks The C&D Plan Checks ensure projects are compliant with CALGreen, which mandates that at least 65% of non-hazardous C&D waste generated by new construction, demolition, and certain additions/alterations projects be recycled or salvaged for reuse, as detailed in Sections 4.408, 5.408, 301.1.1, and 301.3 of the California Green Building Standards Code. Currently, 17% of contractors are out of compliance with state diversion requirements, according to the City’s Green Halo compliance tracking.

New Construction Accela & Clariti Plan Checks
During inspections conducted from 2024-2026, staff found that architects and contractors of new construction projects were not including plans for complying with City, County, and State requirements to recycle and compost. Consequently, new construction projects struggled to meet diversion requirements as found in the City’s Accela compliance tracking, while creating safety concerns for Zero Waste collections staff due to improperly placed refuse receptacles. Public Works staff worked with Planning and Development staff to become included in the Accela workflow plan check process to address these issues. Public Works staff are now able to discuss space allocation requirements directly with architects and contractors during the design phase to ensure compliance with compliance requirements.

Zero Waste Plan Checks and Compliance Inspections Fees PUBLIC HEARING May 19, 2026

Zero Waste Events Plan Checks
In September 2004, the California Legislature passed AB 2176, which requires operators and organizers of large events and venues to develop and implement waste reduction plans that include recycling strategies and reporting on the results of their efforts to the designated local agency. AB 2176’s requirement is also superseded by SB 1383, which similarly requires post event food donation. To comply with both AB 2176 and SB 1383, Public Works staff require event organizers to submit Zero Waste Event Plans to staff for review. Staff coordinate short-term dumpster rentals for event organizers, manage the City’s Clearstream rental program, and ensure compliance with SB 1383 and Single Use Disposable Ordinance (BMC 11.64). The number of annual City-wide events has increased by 37 percent since the pandemic, according to City events staff, and the increasing number of requests do not currently have a dedicated funding stream to support compliance checks.

Foodware Ordinance Compliance Inspections
In 2019, City Council adopted BMC 11.64, which requires all businesses selling prepared food to have on-site reusable foodware, color-coded recycling and compost bins, BPI-Certified compostable foodware, $0.25 Charge for Disposable Cups, and Disposable Accessory Items Upon Request. This task was originally to be handled by the Health, Housing and Community Services Department, which already inspects food generators through their environmental Health Division, however, due to staffing shortages, these tasks have been re-allocated to Public Works’ staff.

Food Recovery Agreement Inspections
SB1383 is an unfunded state mandate that aims to reduce methane emissions caused by food and other organic materials going into landfills. Edible food generators such as grocery stores, restaurants, and hotels are required to donate food fit for human consumption that was purchased or prepared in excess. As a result, Public Works staff must inspect edible food generators to verify they have a food donation agreement with a food recovery organization. This task was originally to be handled by the Health, Housing and Community Services Department, which already inspects food generators through the Environmental Health Division, however, due to staffing shortages, these tasks have been re-allocated to Public Works.

These Plan Checks and Compliance Inspections Fees are in alignment with the City’s Strategic Plan to provide an efficient and financially-healthy City government.

BACKGROUND
The City has adopted the following ordinances into the Berkeley Municipal Code (BMC) to address State mandates such as the California State Building Code (CALGreen 4.408.2 and 5.408.1.1), as well as, SB-1383, AB-2176, AB-1826, and AB- 341:

Zero Waste Plan Checks and Compliance Inspections Fees PUBLIC HEARING May 19, 2026

• Ordinance No 7,988-N.S., and Ordinance No 7,839-N.S Berkeley Green Code into BMC 19.37 on November 18, 2025 and November 11, 2022, • Ordinance No 7,790-N.S., Organics Reduction and Recycling adopted into BMC 12.35 on July 28, 2021,
• Ordinance No 7, 252-N.S, Curbside Refuse, Organics, and Recycling Collection adopted into BMC 12.34 on June 12, 2012,
• Ordinance No 6319-N.S, Storage Collection and Disposal of Waste adopted into BMC 12.32 on April 30, 1986,
Council has adopted the following ordinances in addition to the aforementioned State requirements to achieve City waste management goals and diversion targets:
• Ordinance No. 7,639-N.S., Single Use Foodware and Litter Reduction Ordinance adopted into BMC 11.64 on January 22, 2019,
• Ordinance No. 5625A‑N.S., Recycling Policy adopted into the BMC 12.38 on January 1, 1984
These City ordinances require staff monitoring for compliance to avoid enforcement action by the State of California and to meet stated City waste diversion goals.

ENVIRONMENTAL SUSTAINABILITY AND CLIMATE IMPACTS
Additional program adherence by permit holders may result in an increase of diversion from the City’s landfill to recycling, composting and edible food redistribution, which may have the positive environmental benefit of reducing landfill methane emissions that exacerbate climate change effects.

RATIONALE FOR RECOMMENDATION
Increased funding through fees would reduce reliance on the Zero Waste Fund.

Compliance with State requirements may increase diversion from landfill to help meet the City’s Zero Waste Goals and mandates.

ALTERNATIVE ACTIONS CONSIDERED
Alternatives include taking no action, which could result in depletion of the Zero Waste Division fund.

CONTACT PERSON
Wahid Amiri, Interim Director of Public Works, 510 981-6396 Leticia Jauregui, Solid Waste and Recycling Division Manager, 510 981-6362 Julia Heath, Recycling Program Manager, 510-981-6357
Attachments:
1: Resolution
2: Public Hearing Notice

RESOLUTION NO. ##,###N.S.

ZERO WASTE PLAN CHECKS AND COMPLIANCE INSPECTIONS FEES
WHEREAS, the City has adopted the following ordinances into the Berkeley Municipal Code (BMC) to address State mandates such as the California State Building Code (CALGreen 4.408.2 and 5.408.1.1), as well as, SB-1383, AB-2176, AB-1826, and AB- 341:
• Ordinance No 7,988-N.S. and Ordinance No 7,839-N.S Berkeley Green Code into BMC 19.37 on November 18, 2025 and November 11, 2022, • Ordinance No 7,790-N.S. Organics Reduction and Recycling adopted into BMC

12.35 on July 28, 2021,
• Ordinance No 7,252-N.S, Curbside Refuse, Organics, and Recycling Collection adopted into BMC 12.34 on June 12, 2012,
• Ordinance No 6319-N.S Storage Collection and Disposal of Waste adopted into (BMC 12.32 on April 30, 1986,
And Council has adopted the following City specific ordinances:
• Ordinance No. 7,639-N.S. Single Use Foodware and Litter Reduction Ordinance adopted into BMC 11.64 on January 22, 2019,
• Ordinance No. 5625A‑N.S. Recycling Policy adopted into the BMC 12.38 on January 1, 1984; and
WHEREAS, these inspections and enforcement requirements are unfunded mandates and place an additional burden on the Zero Waste Fund (601) to cover the cost of plan check and compliance monitoring; and
WHEREAS, required funding to perform these tasks is not included in Zero Waste Fund collections rates, and are not supported by Proposition 218; and WHEREAS, staff have monitored time spent on plan check and compliance inspections from the start of Fiscal Year 2023 to the conclusion of Fiscal Year 2025, having completed 1,676 compliance related reviews and inspections and demonstrated the need to recover two hours of staff time per required review and inspection; and WHEREAS, staff is proposing a flat fee of $250 per activity, which would generate approximately $419,000 annually for the Zero Waste Fund (Fund 601) WHEREAS, the 1,676 compliance related reviews and inspections conducted from the start of Fiscal Year 2023 to the conclusion of Fiscal Year 2025, are associated with the following activities:
 Construction and Demolition Green Halo Plan Checks,

 New Construction Accela & Clariti Plan Checks,
 Zero Waste Events Plan Checks,
 Foodware Ordinance Compliance Inspections, and
 Food Recovery Agreement Inspections; and
WHEREAS, staff have no current cost recovery mechanism for staff time to conduct compliance reviews and inspections associated with permits issued and existing City ordinances; and have calculated a $250 fee that would cover associated staff time; and NOW THEREFORE, BE IT RESOLVED by the Council of the City of Berkeley that the Department of Public Works will implement cost recovery fees for $250 to cover staff time required to perform compliance reviews and inspections.

NOTICE OF PUBLIC HEARING

BERKELEY CITY COUNCIL
Zero Waste Plan Checks and Compliance Inspections Fees
The public may participate in this hearing by remote video or in-person.

Notice is hereby given by the City Council of the City of Berkeley that a public hearing will be conducted by said city council of the City of Berkeley at which time and place all persons may attend and be heard upon the following:

The Department of Public Works is proposing to implement new fees to support Zero Waste Plan Checks and Compliance Inspections.

The hearing will be held on May 19, 2026, at 6:00 p.m. in the School District Board Room, located at 1231 Addison Street, Berkeley CA 94702.

A copy of the agenda material for this hearing will be available on the City’s website at https://berkeleyca.gov/ as of May 7, 2026. Once posted, the agenda for this meeting will include a link for public participation using Zoom video technology, as well as any health and safety requirements for in-person attendance.

Written comments should be mailed or delivered directly to the City Clerk, 2180 Milvia Street, Berkeley, CA 94704, or e-mailed to
[email protected] in order to ensure
delivery to all Councilmembers and inclusion in the agenda packet.

Communications to the Berkeley City Council are public record and will become part of the City’s electronic records, which are accessible through the City’s website. Please note: e-mail addresses, names, addresses, and other contact information are not required, but if included in any communication to the City Council, will become part of the public record. If you do not want your e-mail address or any other contact information to be made public, you may deliver communications via U.S. Postal Service or in person to the City Clerk. If you do not want your contact information included in the public record, please do not include that information in your communication. Please contact the City Clerk at (510) 981-6900 or [email protected] for further information.

If you challenge the above in court, you may be limited to raising only those issues you or someone else raised at the public hearing described in this notice, or in written correspondence delivered to the City of Berkeley at, or prior to, the public hearing.

Background information concerning this proposal will be available at the City Clerk Department and posted on the City of Berkeley webpage at least 12 days prior to the public hearing.

Published: May 8 and May 15, 2026 – The Berkeley Voice Published pursuant to Government Code Section 6062a
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I hereby certify that the Notice for this Public Hearing of the Berkeley City Council was posted at the display case located near the walkway in front of the Maudelle Shirek Building, 2134 Martin Luther King Jr. Way, as well as on the City’s website, on May 7, 2026.

Mark Numainville, City Clerk

Office of the City Manager
2180 Milvia Street, Berkeley, CA 94704 ● Tel: (510) 981-7000 ● TDD: (510) 981-6903 ● Fax: (510) 981-7099 E-Mail: [email protected] Website: http://www.cityofberkeley.info/manager

INFORMATION CALENDAR
MAY 19, 2026
A
To: Honorable Mayor and Members of the City Council
From: Paul Buddenhagen, City Manager
Submitted by: Henry Oyekanmi, Director, Finance Department Subject: FY 2026 Second Quarter Investment Report: Ended December 31, 2025

SUMMARY
The City’s investment policy requires that a quarterly investment report be submitted to the City Council on the status of the investment portfolio. The report includes all investments managed by the City of Berkeley and provides information on the types, values (par, book, and market), term, and yield of each security.  The return on pooled investments for the quarter ended December 31, 2025 was

2.89%, 120 basis points less than the 4.09% earned by the State Local Agency Investment Fund (State LAIF), which is the benchmark for investment performance used by the City. The returns earned on State LAIF’s portfolio are currently higher because it has a much shorter maturity than the city and current rates are much higher than the rates earned on investments that were in the City’s portfolio before the Feds raised rates from 0%-.25%, starting in March 2022.

The return on pooled investments of 2.89% for the quarter ended December 31, 2025 was 18 basis points less than the rate of 3.08% earned in the quarter ended September 30, 2025.
 The average return on all Retiree Medical Trust Fund investments was 4.27% for the quarter ended December 31, 2025.

CURRENT SITUATION AND ITS EFFECTS
Attached is a summary of the quarterly report for fiscal year 2026 Second Quarter ending December 31, 2025, representing the status of the City’s investment portfolio. The report includes all investments managed by the City of Berkeley and provides information on the values (par, book, and market), term, and yield of each security.

Investment Report: FY2026 2nd Qtr INFORMATION CALENDAR Ended December 31, 2025 MAY 19, 2026

Summary information by type of security and detailed information on each security is provided on Exhibit 2-A. An evaluation of portfolio performance for this accounting period compared to the previous three accounting periods is also included in Attachment 1.

A. Portfolio Results

1. Selection and Comparison of Results with Benchmarks
As a result of the differences in the investment policies of different cities, including responsible investing policies, maturity restrictions, investment restrictions, etc., it was difficult for the City of Berkeley to come up with a reasonable performance measure for pooled cash investments. In order to provide some measure of the relative performance of the City’s investment returns, many years ago the City established the State Local Agency Investment Fund (LAIF) as the performance measure to be reported in the quarterly investment reports, since many local governments invested significant portions of their investment portfolios in LAIF and used LAIF as their performance measure.

LAIF was intended to be a reference point to compare the City’s investment performance against, rather than a true performance measure, since most cities typically earn a yield higher than LAIF in normal interest rate environments, and because LAIF’s average maturity of its investments is normally much shorter than that of most cities. As a result, past City Councilmembers requested that information about the rates earned by other California cities be included in the quarterly investment reports for comparison purposes, despite the differences in the investment policies of the various cities.

The most significant difference in investment policies is the maximum period of the investments. The impact of this difference between the various cities has played out in the interest rate environment since the Feds unexpectedly raised short-term interest rates from zero percent to 5.5 percent from March 17, 2022 to July 26, 2023 to combat sharply rising inflation that the Feds thought was “transitory” and under control:
 It is important to summarize the interest rate environment that existed the quarter before the Feds started raising the Federal Funds rate on March 17, 2022: At that time, interest rates were around 1% and the interest rates earned by selected California cities ranged between .23% and 1.62%, with an average of .94%. Furthermore, the city that was at the top of the list at that time is at the bottom of the list in the First Quarter FY 2026 investment report because of a longer average maturity of its investments.

Since the Feds thought the rise in inflation was “transitory”, there was no warning that the Federal Reserve monetary policy would immediately reverse from easing to tightening. As a result, it is reasonable to assume that portfolios were loaded with investments that were yielding between 1-2%. In addition, the

Investment Report: FY2026 2nd Qtr INFORMATION CALENDAR Ended December 31, 2025 MAY 19, 2026

Feds did not give the market any indication how long or how high it would raise rates. It kept indicating that it felt the increase in inflation was “transitory”; Bond prices and interest rates have an inverse relationship. When interest rates rise, bond prices fall and vice versa. As the Federal Reserve started raising rates, the market values of the investments declined. If investments were sold at that time, the city selling would incur large investment losses, so the only reasonable option was to hold the investments to maturity, since the Federal Reserve was not indicating how high it would raise rates;  The investments yielding 1-2% of cities with short average investment maturities matured sooner than cities with longer average investment maturities. As a result, the former cities were able to reinvest at the current higher rates and have higher interest rates earned, while cities with longer average investment maturities had to wait for their low-yielding investments to mature to reinvest. For example, the City of Berkeley’s investment portfolio held $263.3 million (or 40.0% of the City’s portfolio at that time) of such investments that won’t mature until CY 2026-See Exhibit 2-F.

2. Liquidity of Portfolio:

The average investment in the City’s pooled portfolio matures in 525 days as of December 31, 2025. This is 85 days less than the 610 maturity days as of September 30, 2025 See Comparison of Results to Performance Measures – Pooled investments:

Quarter Ended December 31, 2025.

The City’s yield on investments for the quarter ended December 31, 2025 was 2.89%, a decrease of 19 basis points (.19%) from the 3.08% earned during the quarter ended September 30, 2025. The average yield on a 91-day Treasury bill at the end of the quarter ended December 31, 2025 was 3.81%, a decrease of 5 basis points (0.05%) from the 3.86% at the end of the previous quarter. This decrease was primarily due to the reduction in the federal funds rate by .25% on December 10, 2025 and the anticipation of no federal funds rate cut in January 2026.

As summarized in Table 1, staff’s overall results were under the performance measure for the quarter by 120 basis points. Staff’s performance was under the performance measure in October by approximately 125 basis points (-1.25%); under the performance measure in November by approximately 120 basis points (-1.20%); and, was under the performance measure in December by approximately 116 basis points (-1.16%). The performance measure for the return on investments is compared to the rate of return of the State LAIF.

Investment Report: FY2026 2nd Qtr INFORMATION CALENDAR Ended December 31, 2025 MAY 19, 2026

Table 1
For Quarter Ending December 31, 2025
Period City State LAIF Difference
Oct-25 2.90% 4.15% -1.25%
Nov-25 2.90% 4.10% -1.20%
Dec-25 2.87% 4.03% -1.16%
Oct 1-Dec 31

2.89% 4.09% -1.20%

3. Investment Results-Retiree Health Insurance Funds:

Average interest rates earned on the retiree health insurance trust funds for the quarter ended December 31, 2025 compared to the quarter ended September 30 2025, were as follows:

Table 2

EARNED INTEREST RATES
For Quarter Ended 12/31/2025 Compared To 9/30/2025
Trust Fund 1st Qtr
9/30/25
2nd Qtr
12/31/25
Retiree Medical Trust Fund (Misc Employees) 5.13% 4.81% Fire Retiree Medical Trust Fund 4.96% 4.89%
Police Retiree Medical Trust Fund 3.57% 3.32%
The rates earned on these plans are expected to rise slightly, as staff believes overall medium and long-term rates will rise slightly due to higher federal budget deficits, higher inflation and more wars in the near future.

Details related to retiree health trust fund investments are in Attachment 3, Exhibits 3- A, 3-B, and 3-C of this report.

Investment Report: FY2026 2nd Qtr INFORMATION CALENDAR Ended December 31, 2025 MAY 19, 2026

B. Discussion of Interest Rate Environment and Outlook
Yield Trend
Federal Reserve Board December 10, 2025 Statement
Available indicators suggest that economic activity has been expanding at a moderate pace. Job gains have slowed this year, and the unemployment rate has edged up through September. More recent indicators are consistent with these developments.

Inflation has moved up since earlier in the year and remains somewhat elevated.

The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks to employment rose in recent months.

In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 3-1/2 to 3-3/4 percent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective.

In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.

The Committee judges that reserve balances have declined to ample levels and will initiate purchases of shorter-term Treasury securities as needed to maintain an ample supply of reserves on an ongoing basis.

Investment Environment and Change in City’s Investment Strategy a) Investment Environment
At the time of the period covered by this investment report, the investment environment is outlined below:

Investment Report: FY2026 2nd Qtr INFORMATION CALENDAR Ended December 31, 2025 MAY 19, 2026

After the Feds had raised short-term rates from zero percent to 5.50 percent between March 17, 2022 and July 26, 2023, many market participants expected quick moves by the Feds to lower rates and avoid a recession.  However, because the level of inflation was elevated, it was the Feds’ intent to be very cautious in lowering rates, and igniting inflation even more. The Core Personal Consumption Expenditures (PCE) index (the Fed’s favored inflation index) had moved down significantly to 2.8% in September 2025, and in a range of 2.6%-2.9% for over a year and a half. However, the December 2025 report broke out of that range to the upside at 3.0%, versus consensus of 2.9% and the Fed’s goal of 2.0%. Until the index moves to the 2.0% goal and stays there for a period of time, the Feds indicated it will be reluctant to meaningfully further lower short-term rates.
 Ordinarily, this situation would have caused the Feds to stay in a holding pattern and keep short-term interest rates where they were until there was a clearer picture of the impact of the final tariffs imposed on inflation and the economy, as long as the labor market was increasing at a healthy rate. The Feds understand that when the labor market turns, it turns quickly, so they want to make sure they are not stepping on the brakes of the economy at the same time the labor market has already slowed.

However, the job market stopped growing: the US reported small job gains in July through November 2025, and a loss of jobs in June, the first decline since 2020. The economy needed a boost in the form of lower interest rates, despite the increase in inflation the last few months. Although the CORE PCE Index was still high at 2.8% in November 2025, the rise in inflation was now eclipsed by a concern in the labor market. As a result, the Feds lowered the Federal Funds rate by .25% at its December 10, 2025 meeting.
b) Significant Changes in the Investment Environment Since the Period of This Report
Federal Reserve Actions:

The market clearly expected another cut at the Fed’s December meeting until the Federal Reserve Chairman stated at the October 29th. Meeting:
“A further reduction in the policy rate at the December meeting is not a foregone conclusion. Far from it, policy is not on a preset course.” With the high November CORE PCE Index at 2.8%, the odds should have favored the Feds keeping the Federal Funds rate unchanged.

However, the weakening of the labor market in November 2025 prompted the Feds to lower short-term rates by another .25%, to 3.75% on December 10, 2025.

Investment Report: FY2026 2nd Qtr INFORMATION CALENDAR Ended December 31, 2025 MAY 19, 2026

Labor Market Changes:

The labor market continues to weaken: The November 2025 labor report showed U.S. hiring slowed to 64,000 jobs added, down from the 105,000 added in October 2025. The report also showed an increase in the unemployment rate from 4.40% in September to 4.60% in November. What made this shift more consequential is that it came after a long period in which unemployment had been hovering near multi-decades lows, even as growth cooled and interest rates stayed high. The move in the unemployment rate in November suggests that the labor market is no longer absorbing economic headwinds as easily as it did earlier.

The December 2025 labor report also showed continued weakness as the US added 50,000 jobs when economists expected 70,000 jobs to be added. The Unemployment rate was reported at 4.4%, versus an expectation of 4.5%.

The January 2026 labor report showed an increase of 130,000 jobs versus consensus of 65,000, and appeared to show strength. However, major 2025 revisions were reported that showed that 2025 was much weaker, with 898,000 fewer jobs reported than initially thought.

The Federal Reserve had projected that the unemployment rate will be 4.4% in 2026 and drop to 4.2% in 2027.

Inflation Expectations:
 The Core Personal Consumption Expenditures Price Index (PCE) is the less volatile measure of the PCE price index which excludes the more volatile and seasonal food and energy prices. It is the inflation index favored by the Feds in developing monetary policy.
 The November 2025 Core PCE index report was reported on January 22, 2026 at 2.8%, and was in line with the consensus estimate.
 The December 2025 Core PCE index report was reported on January 22, 2026 at 3.0%, versus the 2.9% consensus estimate.

Staff Expectations of Future Federal Reserve Actions:
 Future cuts: At its January 28, 2026 meeting, the Feds held rates unchanged at 3.5%-3.75%. Federal Reserve officials are divided on further interest rate cuts amid persistent inflation concerns. Some officials argue that the labor market is stable, so more rate cuts are unnecessary. Others argue that the Feds risks a recession if it does not move quickly with rate cuts. The Federal Reserve will continue to be cautious about lowering short-term rates if there is weakness in the labor market.

Investment Report: FY2026 2nd Qtr INFORMATION CALENDAR Ended December 31, 2025 MAY 19, 2026

The Feds will continue this caution with lower short-term rates as long as there is weakness in the labor market, even if inflation stays around the current level instead of moving down to the Fed’s 2% target.

Staff had believed that as long as the Core PCE index did not move up and the labor market was still showing signs of weakness, the Federal Reserve would lower the Federal Funds rate 1-2 times in 2026, by .25% each or a total of .50%.

However, on February 28, 2026, The United States commenced military action against Iran which is causing oil prices to skyrocket, inflation and interest rates to rise. Therefore, all bets are off regarding any Federal Funds rate cuts in 2026 until there is clarity that this is a short-term war and the inflationary impacts are expected to be minimal.

 Legality of Tariffs: On February 20, 2026, the U.S. Supreme Court ruled that President Trump’s novel use of emergency powers law to impose worldwide tariffs was unconstitutional. In reaction, the President has started implementing tariffs using other statutes. The February 20, 2026 Supreme Court decision and decisions that follow may have a significant impact on inflation expectations and determine how much more and how quickly the Federal Reserve lowers short-term rates in the near future, and may determine how much medium and long-term rates will be impacted.
 Selection of Chairman of the Federal Reserve Board:

On January 30, 2026, President Trump announced that he is nominating Kevin Warsh to replace Jay Powell as Chairman of the Federal Reserve Board in May 2026. One of the concerns with Warsh is that he will cut interest rates to appease the President, even if lower rates are not warranted, which could result in the need to increase them later. The issue now is that Warsh’s nomination has introduced significant uncertainty in the market because “he was a member of the Feds that increased rates 17 meetings in a row, which precipitated the Great Financial Crisis”.

As of March 12, 2026, GOP Senator and Republican Banking Committee member Thom Tillis is blocking Senate hearings on Trump’s nomination of Kevin Warsh for the Federal Reserve Chairman until the Justice Department resolves the issue relating to Chairman Jerome Powell’s renovation project at the bank’s headquarters.
.
c) Change in City Investment Strategy
After the Feds changed to a looser monetary policy after July 26, 2023, the City’s investment strategy changed to extending the investment maturities of securities purchased beyond three years and locking in rates, as much as practical.

However, as a result of projected future budget deficits, and in order to increase liquidity, Staff have temporarily stopped purchasing longer-term securities until

Investment Report: FY2026 2nd Qtr INFORMATION CALENDAR Ended December 31, 2025 MAY 19, 2026

after May 2026 when a substantial number of securities earning between 1-2% mature.

Rates Earned by Berkeley and Other California Cities
On a short-term basis, the City’s earned rate is expected to be significantly below the City’s benchmark (State LAIF) until FY 2027, after most of the securities earning less than 2 percent mature.

However, the City’s return is expected to be comparable to rates earned by other cities with a similar average maturity and lower than cities with a shorter average maturity in California. A sample of rates earned by Northern and Southern California cities is reflected in table 3 below (previously only Northern California cities were included):

Table 4
Other California Cities
Earned Interest Rates
For the Quarter Ending December 31, 2025
City Rates Earned
Hayward 4.14%
San Diego 4.13%
San Jose 4.02%
San Francisco 3.75%
Oakland 3.68%
Burbank 3.47%
Los Angeles 3.29%
Sacramento 3.22%
Berkeley 2.89%
Palo Alto 1.56%

BACKGROUND
 Pooled Investments
Short-term cash is invested primarily in government sponsored enterprises (referred to as Federal Agency securities) notes, medium-term corporate notes and municipal securities for periods of one to five years. Additional cash is invested in a money market fund or overnight securities to meet the liquidity needs of the City.

In some cases, the city may have investments with a current market value that is greater or less than the recorded cost. These changes in market value are due to fluctuations in the market and have no effect on the city’s yield, as the City does not intend to sell securities prior to maturity.

Investment Report: FY2026 2nd Qtr INFORMATION CALENDAR Ended December 31, 2025 MAY 19, 2026

 Retiree Health Trust Fund Investments
The City agreed to provide retiree Health insurance coverage for fire, police and miscellaneous employees under certain terms and conditions. An actuarial study commissioned by the City many years ago determined that, in addition to City Contributions, an average rate of return of 7% on miscellaneous employees trust fund assets invested must be achieved to fund the retiree health benefit at the desired 70% level. Primarily as a result of the Federal Reserve Board’s decision to keep short-term rates near zero from 2008 to March 2022, the average rate currently earned is significantly below that 7% level. City Finance Department staff manages these investment portfolios.

ENVIRONMENTAL SUSTAINABILITY AND CLIMATE IMPACTS
There are no identifiable environmental effects or opportunities associated with the subject of this report.

CONTACT PERSON
Henry Oyekanmi, Director, Finance Department, 981-7326

ATTACHMENTS

1. Portfolio Evaluation FY 2026 Second Quarter

2. Investment Report Analysis FY 2026 Second Quarter
a. Exhibit 2-A: Pooled Cash and Investments
b. Exhibit 2-B.1 through 2-B.3: Interest Earnings October 1, 2025 – December 31, 2025
c. Exhibit 2-C: Book Value By Investment Type
d. Exhibit 2-D: Current Holdings vs. Policy Limits
e. Exhibit 2-E: Investment Portfolio Trend
f. Exhibit 2-F: Investments Yielding 2 Percent or Less Maturing in 2026 or 2027

3. Summary of Pooled and Cash Investments FY 2026 Second Quarter –Trust Funds a. Exhibit 3-A: Retiree Medical Trust Funds –Misc.
b. Exhibit 3-B: Retiree Medical Trust Funds –Fire
c. Exhibit 3-C: Retiree Medical Trust Funds –Police

4. Portfolio Evaluation FY 2025 VS FY 2024

5. Investment Report Analysis Pooled Investments FY 2025 VS FY 2024

6. Investment Report Analysis Pension and OPEB Investments FY 2025 VS FY 2024

Attachment 1
Total Portfolio
Pooled Cash and Investments (COB) 702,727,415$ 641,740,041$ 693,922,102$ 647,948,111$ Pooled Cash and Investments (Trust) 61,176,170 60,096,426 58,221, 801 58,585,989
Total Cash and Investments 763,903,585$ 701,836,467$ 752,143,903$ 706,534,100$ Average Life of Investment Portfolio
Pooled Investments (CoB) 525 610 729 763
Trust Investments 10.077 years 5.349 years 5.417 years 2.791 years Weighted Yield
Pooled Investments (CoB) 2.890% 3.076% 3.033% 3.007%
Trust Investments 4.267% 4.554% 4.728% 4.639%
Prime Rate 6.750% 7.250% 7.500% 7.500%
91-day Treasury Bill Rate 3.810% 3.860% 4.240% 4.294%
2-year Treasury Note Rate 3.470% 4.830% 3.777% 3.883%
Cash and Investments Maturity
Within one year 614,671,676$ 80.46% 542,779,001$ 77.34% 492,986,029$ 65.54% 255,293,610$ 36.13% Between 1 to 3 years 49,827,635 6.52% 59,601,319 8.49% 140,692,393 18.71% 333,278,343 47.17% Between 3 to 5 years 20,912,210 2.74% 20,856,960 2.97% 20,790,910 2.76% 20,608,600 2.92% Between 5 to 10 years 68,543,624 8.97% 68,605,647 9.78% 87,784,492 11.67% 81,503,566 11.54% Over 10 years 9,948,440 1.30% 9,993,540 1.42% 9,890,080 1.31% 15,849,980 2.24% Total 763,903,585$ 100.00% 701,836,467$ 100.00% 752,143,903$ 100.00% 706,534,100$ 100.00% Portfolio Evaluation
Quarter Ended December 31, 2025
September 2025December 2025

QUARTER ENDING
June 2025 March 2025

Attachment 2
Pension and OPEB
Investments Pooled Investments Trust Investments Total
Portfolio 409,795,079$ 40,048,
504$ 449,843,582$
Unrecognized gain/(loss) (1,756,865) (1,545,264) (3,302,128) Total Investments 408,038,213 38,503,240 446,541,453 Cash Pooled Cash
Pension and OPEB
Trust Cash Total
Cash with Fidelity Money Market 37,846,693 - 37,846,693 Cash with Fiscal Agents 150 - 150 Cash Deposits in Banks 256,842,359 22,672,930 279,515,289 Total Cash 294,689,202 22,672,930 317,362,132 Adjusted Grand Total (All Cash and Investments) 702,727,415$ 61,176,170$ 763,903,585$ Pooled Cash Portfolio Breakdown As of December 31, 2025 Book Value Market Value Investments 409,795,079$ 408,038,213$
NOTE:

1. The pooled cash includes Rent Board cash of $10,006,248.

2. The pooled cash does not include Section 115 cash of $818,123.

3. The pooled cash does not include Fire Admin Training Building $10,500,000 cash in escrow Investment Report Analysis
As of December 31, 2025

Exhibit 2-A
CUSIP Investment # Issuer Book Value Par Value Market Value Current
Rate
YTM/C
365
Maturity
Date
Days To
Maturity Moody's Rating
Medium Term Notes
233851CU6 14571 Daimler Finance 5,011,616.37 5,000,000.00 4,975,050.00 3.450 3.190 01/06/2027 370 A3 233851CU6 14574 Daimler Finance 3,740,107.84 3,725,000.00 3,706,412.25 3.450 3.000 01/06/2027 370 A2 24422EWK1 14663 John Deere Cap 4,992,358.73 5,000,000.00 5,038,650.00 4.150 4.250 09/15/2027 622 A2 375558BF9 14570 Gilead Sciences 5,003,968.07 5,000,000.00 4,997,800.00 3.650 3.118 03/01/2026 59 A1 30303M8G0 14660 Meta Platforms Inc 4,937,759.56 5,000,000.00 4,990,100.00 3.500 4.360 08/15/2027 591 A3 617446HD4 14670 Morgan Stanley 10,589,985.53 10,000,000.00 11,509,200.00 7.250 6.000 04/01/2032 2,282 AA3 747525AU7 14587 Qualcomm Inc 6,024,271.91 5,963,000.00 5,930,024.61 3.250 2.435 05/20/2027 504 A1 07330MAA5 14588 Truist Bank 5,054,730.37 5,000,000.00 4,991,800.00 3.800 2.365 10/30/2026 302 A2 Subtotal and Average 45,354,798.38 44,688,000.00 46,139,036.86 3.874 844 Federal Agency Coupon Securities
3133ENS50 14667 Federal Farm Credit Bank 4,999,723.15 5,000,000.00 5,049,000.00 4.125 4.128 10/14/2027 651 AA1 3133ENN30 14668 Federal Farm Credit Bank 4,738,733.29 5,000, 000.00 4,953,450.00 3.875 4.863 09/20/2032 2,454 AA1 3133ENV72 14669 Federal Farm Credit Bank 4,997,439.47 5,000,000.00 5,023,800.00 4.500 4.600 07/27/2026 207 AA1 3133EPGG4 14686 Federal Farm Credit Bank 4,969,605.84 5,000,000.00 4,976, 400.00 4.000 4.102 04/20/2033 2,666 AA1
3133EPPE9 14689 Federal Farm Credit Bank 4,996,077.31 5,000,000.00 5,018,050.00 4.375 4.540 07/06/2026 186 AA1 3133EPPF6 14690 Federal Farm Credit Bank 4,973,172.91 5,000,000.00 5,082,250.00 4.125 4.300 07/05/2029 1,281 AA1 Subtotal and Average 29,674,751.97 30,000,000.00 30,102,950.00 4.419 1,228 Medium-Term Notes - Callable
857477CD3 14698 State Street Corp. 4,000,000.00 4,000,000.00 4,025,440.00 5.272 5.272 08/03/2026 214 AA3 91159HHM5 14684 US Bancorp 4,967,138.63 5,000,000.00 4,987,250.00 3.100 5.348 04/27/2026 116 A3 91159HHW3 14693 US Bancorp 4,526,903.28 5,000,000.00 4,814,750.00 3.000 6.212 07/30/2029 1,306 A3 Subtotal and Average 13,494,041.91 14,000,000.00 13,827,440.00 5.615 544 Federal Agency Callable
3133EN6K1 14676 Federal Farm Credit Bank 5,000,000.00 5,000,000.00 4,994, 800.00 4.220 4.220 01/23/2030 1,483 AA1
3133EN6K1 14677 Federal Farm Credit Bank 5,000,000.00 5,000,000.00 4,994,800.00 4.220 4.220 01/23/2030 1,483 AA1 3133EPAJ4 14679 Federal Farm Credit Bank 5,000,000.00 5,000,000.00 4,984,850.00 4.000 4.000 02/09/2033 2,596 AA1 15,000,000.00 15,000,000.00 14,974,450.00 4.147 1,854 Federal Agency Continuously Callable
31422XJW3 14638 Farmer Mac 10,000,000.00 10,000,000.00 9,891,000.00 1.500 0.300 07/20/2026 200 N/A 3133ENUV0 14644 Federal Farm Credit Bank 5,000,000.00 5,000,000.00 4,901,450.00 4.000 4.000 04/19/2032 2,300 AA1
3133ENVV9 14647 Federal Farm Credit Bank 5,000,000.00 5,000,000.00 4,995,450.00 3.630 3.630 05/03/2027 487 AA1 3133ENWW6 14653 Federal Farm Credit Bank 4,996,486.37 5,000,000.00 4,972,000.00 4.370 4.384 05/17/2032 2,328 AA1 3130AMAV4 14611 Federal Home Loan Banks 5,600,000.00 5,600,000.00 5,436,648.00 1.250 1.125 04/29/2027 483 AA1 3130ALZA5 14612 Federal Home Loan Banks 9,000,000.00 9,000,000.00 8,978,850.00 3.000 1.450 04/29/2026 118 AA1 3130AMEX6 14613 Federal Home Loan Banks 15,000,000.00 15,000,000.00 14,926,350.00 2.500 1. 300 05/27/2026 146 AA1 3130AMF72 14615 Federal Home Loan Banks 15,000,000.00 15,000,000.00 14,857,350.00 1.300 1.040 05/27/2026 146 AA1 3130AMFQ0 14616 Federal Home Loan Banks 15,000,000.00 15,000,000.00 14,849,550.00 1.150 1.020 05/26/2026 145 AA1 3130AMFT4 14617 Federal Home Loan Banks 10,000,000.00 10,000,000.00 9,902,900.00 1.250 1.000 05/27/2026 146 AA1 3130AMG22 14618 Federal Home Loan Banks 20,000,000.00 20,000, 000.00 19,860, 400.00 2.000 0. 500 05/27/2026 146 AA1 City of Berkeley
Pooled Cash and Investments
As of December 31, 2025

Exhibit 2-A
CUSIP Investment # Issuer Book Value Par Value Market Value Current
Rate
YTM/C
365
Maturity
Date
Days To
Maturity Moody's Rating
City of Berkeley
Pooled Cash and Investments
As of December 31, 2025
3130AMGG1 14619 Feder al Home Loan Banks 10,000,000.00 10,000, 000.00 9,933,000.00 2.000 1.160 05/26/2026 145 AA1 3130AMFN7 14620 Federal Home Loan Banks 10,000,000.00 10,000,000.00 9,933,000.00 2.000 1.175 05/26/2026 145 AA1 3130AMG55 14622 Federal Home Loan Banks 10,000,000.00 10,000,000.00 9,706,300.00 1.375 1.219 05/27/2027 511 AA1 3130AMG22 14624 Federal Home Loan Banks 10,000,000.00 10,000,000.00 9,930,200.00 2.000 0.500 05/27/2026 146 AA1 3130AMLS9 14627 Federal Home Loan Banks 10,000,000.00 10,000,000.00 9,966,100.00 3.000 1.270 06/17/2026 167 AA1 3130AMN24 14628 Federal Home Loan Banks 10,000,000.00 10,000,000.00 9,894,100.00 1.150 1.034 06/03/2026 153 AA1 3130AMN57 14629 Federal Home Loan Banks 20,000,000.00 20,000,000.00 19,783,600.00 1.100 1.013 06/03/2026 153 AA1 3130AMP71 14630 Federal Home Loan Banks 20,000,000.00 20,000,000.00 19,785,000.00 1.200 1.077 06/18/2026 168 AA1 3130AMPL0 14631 Federal Home Loan Banks 15,000,000.00 15,000,000.00 14,844,150.00 1.150 0.375 06/08/2026 158 AA1 3130AMMW9 14632 Federal Home Loan Banks 10,000,000.00 10,000,000.00 9,907,300.00 1.500 0.500 06/10/2026 160 AA1 3130AM
WM0 14634 Federal Home Loan Banks 4,250,000.00 4,250,000.00 4,195,855.00 1.050 0.500 06/30/2026 180 AA1 3130AN5U0 14642 Federal Home Loan Banks 10,000,000.00 10,000,000.00 9,892,700.00 1.750 0.500 07/29/2026 209 AA1 3130ANJY7 14643 Feder
al Home Loan Banks 40,000,000.00 40,000,000.00 39,326,000.00 1.000 0.400 08/26/2026 237 AA1 3130ARTE1 14645 Federal Home Loan Banks 6,425,000.00 6,425,000.00 6,305,623.50 4.100 4.100 04/26/2032 2,307 AA1 3130AS7K9 14654 Federal Home Loan Banks 5,000,000.00 5,000,000.00 4,993,850.00 4.440 4.440 05/26/2032 2,337 AA1 305,271,486.37 305,275,000.00 301,968,726.50 1.116 341 Medium Term Notes Continuous Callable Bonds
06051GLG2 14688 Bank of America Corporation 1,000,000.00 1,000,000.00 1,025,610.00 5.202 5.202 04/25/2029 1,210 A1 Subtotal and Average 1,000,000.00 1,000,000.00 1,025,610.00 5.202 1,210 Total Investments and Average 409,795,078.63 409,963,000.00 408,038,213.36 1.929 525 Total Investments (Book Value) 409,795,078.63
Cash 294,689,202.00
Total Investments (Book Value) and Cash 704,484,280.63
Increase / (Decrease) in Market Value of Securities (1,756,865.27) Total Investments (Market Value) and Cash 702,727,415.36

Pooled Investments Selected Funds
Interest Earnings
Exhibit 2-B.1
Sorted by Fund - Fund
October 1, 2025 - October 31, 2025
Yield on Average Book Value
Maturity
Date
Current
Rate
Ending
Par Value
AverageSecurity
TypeFund Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted InterestAnnualized
YieldCUSIP Investment #
Interest
Earned
Fund: Pooled Investment - Long Term
4,250,000.0014634 4,250,000.00 1.050MC5 06/30/2026 3,718.75 0.00 3,718.751.030010 4,250,000.003130AMWM0 15,000,000.0014631 15,000,000.00 1.150MC5 06/08/2026 14,375.00 0.00 14,375.001.128010 15,000,000.003130AMPL0 20,000,000.0014630 20,000,000.00 1.200MC5 06/18/2026 20,000.00 0.00 20,000.001.177010 20,000,000.003130AMP71 10,000,000.0014632 10,000,000.00 1.500MC5 06/10/2026 12,500.00 0.00 12,500.001.472010 10,000,000.003130AMMW9 10,000,000.0014642 10,000,000.00 1.750MC5 07/29/2026 14,583.33 0.00 14,583.331.717010 10,000,000.003130AN5U0 40,000,000.0014643 40,000,000.00 1.000MC5 08/26/2026 33,333.33 0.00 33,333.330.981010 40,000,000.003130ANJY7 5,000,000.0014651 5,000,000.00 4.000MC5 05/26/2027 16,666.67 0.00 16,666.673.925010 5,000,000.003130ARYA3 6,425,000.0014645 6,425,000.00 4.100MC5 04/26/2032 21,952.08 0.00 21,952.084.023010 6,425,000.003130ARTE1 20,000,000.0014629 20,000,000.00 1.100MC5 06/03/2026 18,333.33 0.00 18,333.331.079010 20,000,000.003130AMN57 10,000,000.0014628 10,000,000.00 1.150MC5 06/03/2026 9,583.34 0.00 9,583.341.128010 10,000,000.003130AMN24 9,000,000.0014612 9,000,000.00 3.000MC5 04/29/2026 22,500.00 0.00 22,500.002.944010 9,000,000.003130ALZA5 5,600,000.0014611 5,600,000.00 1.250MC5 04/29/2027 5,833.33 0.00 5,833.331.226010 5,600,000.003130AMAV4 15,000,000.0014613 15,000,000.00 2.500MC5 05/27/2026 31,250.00 0.00 31,250.002.453010 15,000,000.003130AMEX6 15,000,000.0014616 15,000,000.00 1.150MC5 05/26/2026 14,375.00 0.00 14,375.001.128010 15,000,000.003130AMFQ0 15,000,000.0014615 15,000,000.00 1.300MC5 05/27/2026 16,250.00 0.00 16,250.001.276010 15,000,000.003130AMF72 10,000,000.0014624 10,000,000.00 1.750MC5 05/27/2026 14,583.33 0.00 14,583.331.717010 10,000,000.003130AMG22 10,000,000.0014627 10,000,000.00 2.000MC5 06/17/2026 16,666.66 0.00 16,666.661.962010 10,000,000.003130AMLS9 10,000,000.0014622 10,000,000.00 1.375MC5 05/27/2027 11,458.33 0.00 11,458.331.349010 10,000,000.003130AMG55 10,000,000.0014619 10,000,000.00 2.000MC5 05/26/2026 16,666.67 0.00 16,666.671.962010 10,000,000.003130AMGG1 10,000,000.0014620 10,000,000.00 2.000MC5 05/26/2026 16,666.67 0.00 16,666.671.962010 10,000,000.003130AMFN7 10,000,000.0014617 10,000,000.00 1.250MC5 05/27/2026 10,416.66 0.00 10,416.661.226010 10,000,000.003130AMFT4 20,000,000.0014618 20,000,000.00 1.750MC5 05/27/2026 29,166.66 0.00 29,166.661.717010 20,000,000.003130AMG22 5,000,000.0014654 5,000,000.00 4.440MC5 05/26/2032 18,500.00 0.00 18,500.004.356010 5,000,000.003130AS7K9 4,994,507.5614689 5,000,000.00 4.375FAC 07/06/2026 18,229.16 636.11 18,865.274.447010 4,994,168.983133EPPE9 4,968,749.9414686 5,000,000.00 4.000FAC 04/20/2033 16,666.67 346.83 17,013.504.032010 4,968,565.343133EPGG4 4,971,601.6514690 5,000,000.00 4.125FAC 07/05/2029 17,187.50 636.72 17,824.224.221010 4,971,262.753133EPPF6 4,996,373.0714653 5,000,000.00 4.370MC5 05/17/2032 18,208.33 45.91 18,254.244.302010 4,996,348.643133ENWW6 4,996,519.2714669 5,000,000.00 4.500FAC 07/27/2026 18,750.00 372.90 19,122.904.506010 4,996,320.793133ENV72 4,730,737.3614668 5,000,000.00 3.875FAC 09/20/2032 16,145.83 3,240.18 19,386.014.825010 4,729,012.753133ENN30 5,000,000.0014644 5,000,000.00 4.000MC5 04/19/2032 16,666.67 0.00 16,666.673.925010 5,000,000.003133ENUV0 5,000,000.0014676 5,000,000.00 4.220MC4 01/23/2030 17,583.33 0.00 17,583.334.141010 5,000,000.003133EN6K1 4,999,691.2814667 5,000,000.00 4.125FAC 10/14/2027 17,187.50 12.92 17,200.424.051010 4,999,684.403133ENS50

Maturity
Date
Current
Rate
Ending
Par Value
AverageSecurity
TypeFund
Exhibit 2-B.1
Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
October 1, 2025 - October 31, 2025
Interest Earnings
Pooled Investments Selected Funds
Annualized
YieldCUSIP Investment #
Interest
Earned
Fund: Pooled Investment - Long Term
5,000,000.0014679 5,000,000.00 4.000MC4 02/09/2033 16,666.67 0.00 16,666.673.925010 5,000,000.003133EPAJ4 5,000,000.0014677 5,000,000.00 4.220MC4 01/23/2030 17,583.33 0.00 17,583.334.141010 5,000,000.003133EN6K1 5,000,000.0014647 5,000,000.00 3.630MC5 05/03/2027 15,125.00 0.00 15,125.003.562010 5,000,000.003133ENVV9 10,609,397.9614670 10,000,000.00 7.250MTN 04/01/2032 60,416.67 -7,866.47 52,550.205.832010 10,613,584.95617446HD4 1,000,000.0014688 1,000,000.00 5.202MC6 04/25/2029 4,335.00 0.00 4,335.005.104010 1,000,000.0006051GLG2 10,000,000.0014638 10,000,000.00 1.500MC5 07/20/2026 12,500.00 0.00 12,500.001.472010 10,000,000.0031422XJW3 4,991,437.4014663 5,000,000.00 4.150MTN 09/15/2027 17,291.67 373.35 17,665.024.167010 4,991,238.6824422EWK1 5,003,528.2914562 5,000,000.00 3.950MC3 11/17/2025 16,458.33 -3,524.50 12,933.833.044010 5,005,404.2391159HHU7 4,946,166.2014684 5,000,000.00 3.100MC3 04/27/2026 12,916.66 8,498.63 21,415.295.098010 4,941,642.7491159HHM5 4,499,719.6714693 5,000,000.00 3.000MC3 07/30/2029 12,500.00 11,010.78 23,510.786.152010 4,493,870.9391159HHW3 6,033,362.2914587 5,963,000.00 3.250MTN 05/20/2027 16,149.79 -3,683.68 12,466.112.433010 6,035,322.96747525AU7 5,008,864.1714570 5,000,000.00 3.650MTN 03/01/2026 15,208.34 -1,984.03 13,224.313.109010 5,009,920.18375558BF9 5,013,972.4914571 5,000,000.00 3.450MTN 01/06/2027 14,375.00 -954.77 13,420.233.151010 5,014,480.68233851CU6 3,743,172.1314574 3,725,000.00 3.450MTN 01/06/2027 10,709.37 -1,241.74 9,467.632.978010 3,743,833.06233851CU6 5,068,287.4914588 5,000,000.00 3.800MTN 10/30/2026 15,833.34 -5,491.35 10,341.992.403010 5,071,204.4007330MAA5 4,929,869.4914660 5,000,000.00 3.500MTN 08/15/2027 14,583.33 3,197.28 17,780.614.247010 4,928,167.7130303M8G0 4,000,000.0014698 4,000,000.00 5.272MC3 08/03/2026 17,573.33 0.00 17,573.335.173010 4,000,000.00857477CD3 419,963,000.00Subtotal 419,780,957.71 2.356 839,855.033,625.07836,229.96419,779,034.17 Fund: Wells Fargo MM- Regular
171,036,790.3514701 158,998,088.50RRP 579,373.31 0.00 579,373.313.988025 181,164,648.77SYS14701 158,998,088.50Subtotal 171,036,790.35 3.988 579,373.310.00579,373.31181,164,648.77 Fund: Fidelity MM - Regular
37,481,273.0814265 37,606,278.75 0.003RRP 129,172.53 0.00 129,172.534.058040 37,477,106.22SYS14265 37,606,278.75Subtotal 37,481,273.08 4.058 129,172.530.00129,172.5337,477,106.22 616,567,367.25Total 628,299,021.13 2.902 1,548,400.873,625.071,544,775.80638,420,789.16

Pooled Investments Selected Funds
Interest Earnings
Exhibit 2-B.2
Sorted by Fund - Fund
November 1, 2025 - November 30, 2025
Yield on Average Book Value
Maturity
Date
Current
Rate
Ending
Par Value
AverageSecurity
TypeFund Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted InterestAnnualized
YieldCUSIP Investment #
Interest
Earned
Fund: Pooled Investment - Long Term
4,250,000.0014634 4,250,000.00 1.050MC5 06/30/2026 3,718.75 0.00 3,718.751.065010 4,250,000.003130AMWM0 15,000,000.0014631 15,000,000.00 1.150MC5 06/08/2026 14,375.00 0.00 14,375.001.166010 15,000,000.003130AMPL0 20,000,000.0014630 20,000,000.00 1.200MC5 06/18/2026 20,000.00 0.00 20,000.001.217010 20,000,000.003130AMP71 10,000,000.0014632 10,000,000.00 1.500MC5 06/10/2026 12,500.00 0.00 12,500.001.521010 10,000,000.003130AMMW9 10,000,000.0014642 10,000,000.00 1.750MC5 07/29/2026 14,583.34 0.00 14,583.341.774010 10,000,000.003130AN5U0 40,000,000.0014643 40,000,000.00 1.000MC5 08/26/2026 33,333.34 0.00 33,333.341.014010 40,000,000.003130ANJY7 4,166,666.6714651 0.00 4.000MC5 05/26/2027 13,888.89 0.00 13,888.894.056010 5,000,000.003130ARYA3 6,425,000.0014645 6,425,000.00 4.100MC5 04/26/2032 21,952.08 0.00 21,952.084.157010 6,425,000.003130ARTE1 20,000,000.0014629 20,000,000.00 1.100MC5 06/03/2026 18,333.34 0.00 18,333.341.115010 20,000,000.003130AMN57 10,000,000.0014628 10,000,000.00 1.150MC5 06/03/2026 9,583.33 0.00 9,583.331.166010 10,000,000.003130AMN24 9,000,000.0014612 9,000,000.00 3.000MC5 04/29/2026 22,500.00 0.00 22,500.003.042010 9,000,000.003130ALZA5 5,600,000.0014611 5,600,000.00 1.250MC5 04/29/2027 5,833.33 0.00 5,833.331.267010 5,600,000.003130AMAV4 15,000,000.0014613 15,000,000.00 2.500MC5 05/27/2026 31,250.00 0.00 31,250.002.535010 15,000,000.003130AMEX6 15,000,000.0014616 15,000,000.00 1.150MC5 05/26/2026 14,375.00 0.00 14,375.001.166010 15,000,000.003130AMFQ0 15,000,000.0014615 15,000,000.00 1.300MC5 05/27/2026 16,250.00 0.00 16,250.001.318010 15,000,000.003130AMF72 10,000,000.0014624 10,000,000.00 2.000MC5 05/27/2026 14,861.11 0.00 14,861.111.808010 10,000,000.003130AMG22 10,000,000.0014627 10,000,000.00 2.000MC5 06/17/2026 16,666.67 0.00 16,666.672.028010 10,000,000.003130AMLS9 10,000,000.0014622 10,000,000.00 1.375MC5 05/27/2027 11,458.34 0.00 11,458.341.394010 10,000,000.003130AMG55 10,000,000.0014619 10,000,000.00 2.000MC5 05/26/2026 16,666.67 0.00 16,666.672.028010 10,000,000.003130AMGG1 10,000,000.0014620 10,000,000.00 2.000MC5 05/26/2026 16,666.67 0.00 16,666.672.028010 10,000,000.003130AMFN7 10,000,000.0014617 10,000,000.00 1.250MC5 05/27/2026 10,416.67 0.00 10,416.671.267010 10,000,000.003130AMFT4 20,000,000.0014618 20,000,000.00 2.000MC5 05/27/2026 29,722.22 0.00 29,722.221.808010 20,000,000.003130AMG22 5,000,000.0014654 5,000,000.00 4.440MC5 05/26/2032 18,500.00 0.00 18,500.004.502010 5,000,000.003130AS7K9 4,995,133.7514689 5,000,000.00 4.375FAC 07/06/2026 18,229.17 636.11 18,865.284.595010 4,994,805.093133EPPE9 4,969,091.3714686 5,000,000.00 4.000FAC 04/20/2033 16,666.67 346.84 17,013.514.166010 4,968,912.173133EPGG4 4,972,228.4414690 5,000,000.00 4.125FAC 07/05/2029 17,187.50 636.72 17,824.224.361010 4,971,899.473133EPPF6 4,996,418.2714653 5,000,000.00 4.370MC5 05/17/2032 18,208.33 45.91 18,254.244.445010 4,996,394.553133ENWW6 4,996,886.3514669 5,000,000.00 4.500FAC 07/27/2026 18,750.00 372.89 19,122.894.656010 4,996,693.693133ENV72 4,733,927.0214668 5,000,000.00 3.875FAC 09/20/2032 16,145.84 3,240.18 19,386.024.982010 4,732,252.933133ENN30 5,000,000.0014644 5,000,000.00 4.000MC5 04/19/2032 16,666.66 0.00 16,666.664.056010 5,000,000.003133ENUV0 5,000,000.0014676 5,000,000.00 4.220MC4 01/23/2030 17,583.33 0.00 17,583.334.279010 5,000,000.003133EN6K1 4,999,703.9914667 5,000,000.00 4.125FAC 10/14/2027 17,187.50 12.92 17,200.424.186010 4,999,697.323133ENS50

Maturity
Date
Current
Rate
Ending
Par Value
AverageSecurity
TypeFund
Exhibit 2-B.2
Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
November 1, 2025 - November 30, 2025
Interest Earnings
Pooled Investments Selected Funds
Annualized
YieldCUSIP Investment #
Interest
Earned
Fund: Pooled Investment - Long Term
5,000,000.0014679 5,000,000.00 4.000MC4 02/09/2033 16,666.66 0.00 16,666.664.056010 5,000,000.003133EPAJ4 5,000,000.0014677 5,000,000.00 4.220MC4 01/23/2030 17,583.33 0.00 17,583.334.279010 5,000,000.003133EN6K1 5,000,000.0014647 5,000,000.00 3.630MC5 05/03/2027 15,125.00 0.00 15,125.003.680010 5,000,000.003133ENVV9 10,601,654.1314670 10,000,000.00 7.250MTN 04/01/2032 60,416.66 -7,866.47 52,550.196.031010 10,605,718.48617446HD4 1,000,000.0014688 1,000,000.00 5.202MC6 04/25/2029 4,335.00 0.00 4,335.005.274010 1,000,000.0006051GLG2 10,000,000.0014638 10,000,000.00 1.500MC5 07/20/2026 12,500.00 0.00 12,500.001.521010 10,000,000.0031422XJW3 4,991,804.9314663 5,000,000.00 4.150MTN 09/15/2027 17,291.67 373.35 17,665.024.306010 4,991,612.0324422EWK1 2,667,136.6014562 0.00 3.950MC3 11/17/2025 8,777.78 -1,879.73 6,898.053.147010 5,001,879.7391159HHU7 4,954,532.3314684 5,000,000.00 3.100MC3 04/27/2026 12,916.67 8,498.63 21,415.305.259010 4,950,141.3791159HHM5 4,510,570.6214693 5,000,000.00 3.000MC3 07/30/2029 12,500.00 11,010.79 23,510.796.342010 4,504,881.7191159HHW3 6,029,736.0414587 5,963,000.00 3.250MTN 05/20/2027 16,149.79 -3,683.68 12,466.112.515010 6,031,639.28747525AU7 5,006,911.0614570 5,000,000.00 3.650MTN 03/01/2026 15,208.33 -1,984.04 13,224.293.213010 5,007,936.15375558BF9 5,013,032.6114571 5,000,000.00 3.450MTN 01/06/2027 14,375.00 -954.77 13,420.233.257010 5,013,525.91233851CU6 3,741,949.7514574 3,725,000.00 3.450MTN 01/06/2027 10,709.38 -1,241.74 9,467.643.078010 3,742,591.32233851CU6 5,062,875.8614588 5,000,000.00 3.800MTN 10/30/2026 15,833.33 -5,491.34 10,341.992.485010 5,065,713.0507330MAA5 4,933,016.9214660 5,000,000.00 3.500MTN 08/15/2027 14,583.33 3,197.28 17,780.614.385010 4,931,364.9930303M8G0 4,000,000.0014698 4,000,000.00 5.272MC3 08/03/2026 17,573.34 0.00 17,573.345.345010 4,000,000.00857477CD3 409,963,000.00Subtotal 416,618,276.72 2.429 831,874.875,269.85826,605.02419,782,659.24 Fund: Wells Fargo MM- Regular
145,374,149.3414701 153,700,660.22RRP 477,097.62 0.00 477,097.623.993025 158,998,088.50SYS14701 153,700,660.22Subtotal 145,374,149.34 3.993 477,097.620.00477,097.62158,998,088.50 Fund: Fidelity MM - Regular
37,610,291.2614265 37,726,654.12 0.003RRP 120,375.37 0.00 120,375.373.894040 37,606,278.75SYS14265 37,726,654.12Subtotal 37,610,291.26 3.894 120,375.370.00120,375.3737,606,278.75 601,390,314.34Total 599,602,717.32 2.900 1,429,347.865,269.851,424,078.01616,387,026.49

Pooled Investments Selected Funds
Interest Earnings
Exhibit 2-B.3
Sorted by Fund - Fund
December 1, 2025 - December 31, 2025
Yield on Average Book Value
Maturity
Date
Current
Rate
Ending
Par Value
AverageSecurity
TypeFund Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted InterestAnnualized
YieldCUSIP Investment #
Interest
Earned
Fund: Pooled Investment - Long Term
4,250,000.0014634 4,250,000.00 1.050MC5 06/30/2026 3,718.75 0.00 3,718.751.030010 4,250,000.003130AMWM0 15,000,000.0014631 15,000,000.00 1.150MC5 06/08/2026 14,375.00 0.00 14,375.001.128010 15,000,000.003130AMPL0 20,000,000.0014630 20,000,000.00 1.200MC5 06/18/2026 20,000.00 0.00 20,000.001.177010 20,000,000.003130AMP71 10,000,000.0014632 10,000,000.00 1.500MC5 06/10/2026 12,500.00 0.00 12,500.001.472010 10,000,000.003130AMMW9 10,000,000.0014642 10,000,000.00 1.750MC5 07/29/2026 14,583.33 0.00 14,583.331.717010 10,000,000.003130AN5U0 40,000,000.0014643 40,000,000.00 1.000MC5 08/26/2026 33,333.33 0.00 33,333.330.981010 40,000,000.003130ANJY7 6,425,000.0014645 6,425,000.00 4.100MC5 04/26/2032 21,952.09 0.00 21,952.094.023010 6,425,000.003130ARTE1 20,000,000.0014629 20,000,000.00 1.100MC5 06/03/2026 18,333.33 0.00 18,333.331.079010 20,000,000.003130AMN57 10,000,000.0014628 10,000,000.00 1.150MC5 06/03/2026 9,583.33 0.00 9,583.331.128010 10,000,000.003130AMN24 9,000,000.0014612 9,000,000.00 3.000MC5 04/29/2026 22,500.00 0.00 22,500.002.944010 9,000,000.003130ALZA5 5,600,000.0014611 5,600,000.00 1.250MC5 04/29/2027 5,833.34 0.00 5,833.341.226010 5,600,000.003130AMAV4 15,000,000.0014613 15,000,000.00 2.500MC5 05/27/2026 31,250.00 0.00 31,250.002.453010 15,000,000.003130AMEX6 15,000,000.0014616 15,000,000.00 1.150MC5 05/26/2026 14,375.00 0.00 14,375.001.128010 15,000,000.003130AMFQ0 15,000,000.0014615 15,000,000.00 1.300MC5 05/27/2026 16,250.00 0.00 16,250.001.276010 15,000,000.003130AMF72 10,000,000.0014624 10,000,000.00 2.000MC5 05/27/2026 16,666.67 0.00 16,666.671.962010 10,000,000.003130AMG22 10,000,000.0014627 10,000,000.00 3.000MC5 06/17/2026 20,555.56 0.00 20,555.562.420010 10,000,000.003130AMLS9 10,000,000.0014622 10,000,000.00 1.375MC5 05/27/2027 11,458.33 0.00 11,458.331.349010 10,000,000.003130AMG55 10,000,000.0014619 10,000,000.00 2.000MC5 05/26/2026 16,666.66 0.00 16,666.661.962010 10,000,000.003130AMGG1 10,000,000.0014620 10,000,000.00 2.000MC5 05/26/2026 16,666.66 0.00 16,666.661.962010 10,000,000.003130AMFN7 10,000,000.0014617 10,000,000.00 1.250MC5 05/27/2026 10,416.67 0.00 10,416.671.226010 10,000,000.003130AMFT4 20,000,000.0014618 20,000,000.00 2.000MC5 05/27/2026 33,333.34 0.00 33,333.341.962010 20,000,000.003130AMG22 5,000,000.0014654 5,000,000.00 4.440MC5 05/26/2032 18,500.00 0.00 18,500.004.356010 5,000,000.003130AS7K9 4,995,779.7814689 5,000,000.00 4.375FAC 07/06/2026 18,229.17 636.11 18,865.284.446010 4,995,441.203133EPPE9 4,969,443.6114686 5,000,000.00 4.000FAC 04/20/2033 16,666.66 346.83 17,013.494.031010 4,969,259.013133EPGG4 4,972,875.0914690 5,000,000.00 4.125FAC 07/05/2029 17,187.50 636.72 17,824.224.220010 4,972,536.193133EPPF6 4,996,464.8914653 5,000,000.00 4.370MC5 05/17/2032 18,208.34 45.91 18,254.254.302010 4,996,440.463133ENWW6 4,997,265.0514669 5,000,000.00 4.500FAC 07/27/2026 18,750.00 372.89 19,122.894.506010 4,997,066.583133ENV72 4,737,217.7214668 5,000,000.00 3.875FAC 09/20/2032 16,145.83 3,240.18 19,386.014.818010 4,735,493.113133ENN30 5,000,000.0014644 5,000,000.00 4.000MC5 04/19/2032 16,666.67 0.00 16,666.673.925010 5,000,000.003133ENUV0 5,000,000.0014676 5,000,000.00 4.220MC4 01/23/2030 17,583.34 0.00 17,583.344.141010 5,000,000.003133EN6K1 4,999,717.1114667 5,000,000.00 4.125FAC 10/14/2027 17,187.50 12.91 17,200.414.051010 4,999,710.243133ENS50 5,000,000.0014679 5,000,000.00 4.000MC4 02/09/2033 16,666.67 0.00 16,666.673.925010 5,000,000.003133EPAJ4

Maturity
Date
Current
Rate
Ending
Par Value
AverageSecurity
TypeFund
Exhibit 2-B.3
Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
December 1, 2025 - December 31, 2025
Interest Earnings
Pooled Investments Selected Funds
Annualized
YieldCUSIP Investment #
Interest
Earned
Fund: Pooled Investment - Long Term
5,000,000.0014677 5,000,000.00 4.220MC4 01/23/2030 17,583.34 0.00 17,583.344.141010 5,000,000.003133EN6K1 5,000,000.0014647 5,000,000.00 3.630MC5 05/03/2027 15,125.00 0.00 15,125.003.562010 5,000,000.003133ENVV9 10,593,665.0114670 10,000,000.00 7.250MTN 04/01/2032 60,416.67 -7,866.48 52,550.195.841010 10,597,852.01617446HD4 1,000,000.0014688 1,000,000.00 5.202MC6 04/25/2029 4,335.00 0.00 4,335.005.104010 1,000,000.0006051GLG2 10,000,000.0014638 10,000,000.00 1.500MC5 07/20/2026 12,500.00 0.00 12,500.001.472010 10,000,000.0031422XJW3 4,992,184.1014663 5,000,000.00 4.150MTN 09/15/2027 17,291.66 373.35 17,665.014.166010 4,991,985.3824422EWK1 4,963,163.4614684 5,000,000.00 3.100MC3 04/27/2026 12,916.67 8,498.63 21,415.305.080010 4,958,640.0091159HHM5 4,521,741.2414693 5,000,000.00 3.000MC3 07/30/2029 12,500.00 11,010.78 23,510.786.122010 4,515,892.5091159HHW3 6,025,994.9314587 5,963,000.00 3.250MTN 05/20/2027 16,149.79 -3,683.69 12,466.102.436010 6,027,955.60747525AU7 5,004,896.0914570 5,000,000.00 3.650MTN 03/01/2026 15,208.33 -1,984.04 13,224.293.111010 5,005,952.11375558BF9 5,012,062.9514571 5,000,000.00 3.450MTN 01/06/2027 14,375.00 -954.77 13,420.233.153010 5,012,571.14233851CU6 3,740,688.6514574 3,725,000.00 3.450MTN 01/06/2027 10,709.37 -1,241.74 9,467.632.980010 3,741,349.58233851CU6 5,057,304.8114588 5,000,000.00 3.800MTN 10/30/2026 15,833.33 -5,491.34 10,341.992.408010 5,060,221.7107330MAA5 4,936,264.0514660 5,000,000.00 3.500MTN 08/15/2027 14,583.34 3,197.29 17,780.634.241010 4,934,562.2730303M8G0 4,000,000.0014698 4,000,000.00 5.272MC3 08/03/2026 17,573.33 0.00 17,573.335.173010 4,000,000.00857477CD3 409,963,000.00Subtotal 409,791,728.56 2.357 820,393.447,149.54813,243.90409,787,929.09 Fund: Wells Fargo MM- Regular
223,182,863.7014701 258,066,115.30RRP 693,773.16 0.00 693,773.163.660025 153,700,660.22SYS14701 258,066,115.30Subtotal 223,182,863.70 3.660 693,773.160.00693,773.16153,700,660.22 Fund: Fidelity MM - Regular
37,730,526.3614265 37,846,693.43 0.003RRP 120,039.31 0.00 120,039.313.746040 37,726,654.12SYS14265 37,846,693.43Subtotal 37,730,526.36 3.746 120,039.310.00120,039.3137,726,654.12 705,875,808.73Total 670,705,118.62 2.869 1,634,205.917,149.541,627,056.37601,215,243.43

Exhibit 2-C
Medium Term Notes
$60,992,087 8.68%
Federal Agency
$347,046,
127 49.39%
Bank and Money Market
Account $294,689,202

41.94%
Pooled Cash and Investments
(Market Value)
as of December 31, 2025

Exhibit 2-D
$294,689,201
$60,992,087
$347,046,
127
$702,727,415
$210,818,225
$702,727,415

BANK ACCOUNTS

MEDIUM TERM NOTES

FEDERAL AGENCY BONDS
City of Berkeley
Current Holdings vs. Policy Limits
as of December 31, 2025
Policy Limits
Current Holdings

Exhibit 2-E
-
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Pooled and Trust
Cash and Investment Portfolio Trend
as of December 31, 2025

Exhibit 2-F
Investments Yielding 2 Percent or Less Maturing in 2026 or 2027 Investment Investment Interest Maturity
Number Par Value Rate Date
14619 10,000,000 2.00% 05/26/2026
14620 10,000,000 2.00% 05/26/2026
14618 20,000,000 1.25% 05/27/2026
14622 10,000,000 1.38% 05/27/2026
14632 10,000,000 1.50% 06/10/2026
14630 20,000,000 1.20% 06/18/2026
14629 20,000,000 1.10% 06/02/2026
14627 10,000,000 1.30% 06/17/2026
14628 10,000,000 1.15% 06/03/2026
14643 40,000,000 1.00% 08/26/2026
14642 10,000,000 1.75% 07/29/2026
14631 15,000,000 1.15% 06/08/2026
14634 4,250,000 1.05% 06/30/2026
14616 15,000,000 1.15% 05/26/2026
14611 5,600,000 1.25% 04/29/2027
14624 10,000,000 1.25% 05/27/2026
14613 15,000,000 1.75% 05/27/2026
14612 9,000,000 2.00% 04/29/2026
14615 15,000,000 1.30% 05/27/2026
14638 10,000,000 1.50% 07/20/2026
$268,850,000

Attachment 3
Pooled Cash
Investments Gain/Loss on & Investments
Pooled Cash (Book Value) Investments (Market Value)
Retiree Medical Trust Fund
Fund No.
721 BHA 351,419$ 47 7,623 (13,184) 815,858$ 722 M1=IBEW (233,535) 37,230 (9,130) (205,435) 723 M2=Local 1 5,081,039 10,060,333 (196,667) 14,944,705 724 MUI=Z1 904,177 1,371,784 (19,165) 2,256,796 725 MUI=Z2 to Z6 1,196,537 2,138,363 (44,375) 3,290,525 726 M535= Local 535 4,581,874 8,158,250 (79,211) 12,660,913 727 M3=Local 790 2,501,498 5,402,874 (174,881) 7,729,490 Total Retiree Medical Trust Fund 14,383,009 27,646,458 (536,615) 41,492,852 Fire Medical Trust Fund
736 Fire Medical Trust Fund 5,493,941 10,548,219 (597,531) 15,444,629 Total Fire Medical Trust Fund 5,493,941 10,548,219 (597,531) 15,444,629 Police Medical Trust Fund
731 Police EE Retiree HLT Assistance Plan 1,213,491 785,020 (165,036) 1,833,475 701 Safety Members Pension Fund 256,802 - - 256,802 706 Police Medical Trust Fund 1,325,687 1,068,806 (246,082) 2,148,412 Total Police Medical Trust Fund 2,795,980 1,853,826 (411,118) 4,238,689 Total Trust Funds 22,672,930$ 40,048,504$ (1,545,264)$ 61,176,170$ Summary of Pooled Cash and Investments - Trust Funds
(Market Value)
As of December 31, 2025

Exhibit 3-A
As of December 31, 2025
CUSIP Investment # Issuer Par Value
Beginning Book
Value
Ending Book
Value Market Value Maturity Date
Moody's
Rating
Current
Rate
Annualized
Yield Interest Earned
Amortization/
Accretion
Adjusted Interest
Earnings
Federal Agency Coupon Securities
3133EFQT7 14361 Fed Farm Credit Bank - 2,600,272.86 - - 11/25/2025 AA1 2.700 2.618 10,530.00 (272.86) 10,257.14 Medium Term Notes - Callable
26442UAU8 14705 Duke Energy Progress LLC 2,000,000.00 1,997,774.05 1,997,832.91 2,033,580.00 03/15/2035 AA3 5.050 5.025 25,250.00 58.85 25,308.85 665859AX2 14671 Northern Trust Corp 10,000,000.00 10,012,066.50 10,011,640.79 10,904,700.00 11/02/2032 A2 6.125 6.051 153,125.00 (425.71) 152,699.29 Federal Agency Continuous Callable
3133EPNL5 14692 Misc Federal Farm Credit Bank 3,796,800.00 3,775,321.53 3,776,016.38 3,795,091.44 06/23/2033 AA1 5.180 5.240 49,168.56 694.85 49,863.41 Continous Callable Bonds
797440CD4 14680 San Diego Gas & Electric 2,000,000.00 1,980,750.76 1,980,925.76 1,889,280.00 04/01/2053 A1 5.350 5.421 26,750.00 174.99 26,924.99 Corporate Bonds - Callable
25161FXB9 14706 Deutsche Bank 4,000,000.00 4,000,000.00 4,000,000.00 4,049,160.00 03/29/2040 A1 5.600 5.562 56,000.00 - 56,000.00 Preferred Securities
00206R706 14591 AT&T Inc. 1,680,033.60 1,680,033.60 1,680,033.60 1,268,025.36 N/A N/A 4.596 4.665 19,754.09 - 19,754. 09 00206R706 14596 AT&T Inc. 1,680,008.40 1,680,008.40 1,680,008.40 1,268,006.34 N/A N/A 4.640 4.694 19,875.87 - 19,875.87 00206R706 14597 AT&T Inc. 2,520,000.00 2,520,000.00 2,520,000.00 1,902,000.00 N/A N/A 4.643 4.696 29,826.27 - 29,826.27 Pooled Cash 14,383,008.61 10,410,
253.19 14,383,008.61 14,383,008.61 N/A N/A 3.643 114,103.26 - 114,103.26 Total 42,059,850.61 40,656,480.89 42,029,466.45 41,492,851.75 4.809 504,383.05 230.12 504,613.17 Total Pooled Cash and Investments (Book Value) 42,029,466.45$ Gain/Loss on Investments (536,614.70)
Total Pooled Cash and Investments (Market Value) 41,492,851.75 Adjusted Interest Earnings
Retiree Medical Trust Fund
Fund 721 - 727
Investments Interest Earnings
October 01 to December 31, 2025
October 01 to December 31, 2025
Interest Earnings

Exhibit 3-B
CUSIP Investment # Issuer Par Value
Beginning Book
Value
Ending Book
Value Market Value Maturity Date
Moody's
Rating
Current
Rate
Annualized
Yield Interest Earned
Amortization/
Accretion
Adjusted Interest
Earnings
Medium Term Notes
6174467X1 14318 Morgan Stanley DW DTC#0015 - 2,001,136.51 - - 11/14/2025 BAA1 5.000 4.590 14,722.22 (1,136.51) 13,585.71 Federal Agency Coupon Securities
3133EFQT7 14362 Fed F
arm Credit Bank - 2,300,
241.38 - - 11/25/2025 AA1 2.700 2.618 9,315.00 (241.38) 9,073.62 Federal Agency Continuously Callable
3130B5CR7 14703 Feder
al Home Loan Banks 4,000,000.00 4,000,
000.00 4,000,000.00 4,010,000.00 03/06/2025 AA1 5.890 5.842 58,900.00 - 58,900.00 3133EPNL5 14692 Fire Federal Farm Credit Bank 28,400.00 28,239.34 28,244.54 28,387.22 06/23/2033 AA1 5.180 5.240 367.78 5.20 372.98 3133ER6C0 14704 Federal Farm Credit Bank 4,000,000.00 4,000,000.00 4,000,000.00 4,010,320.00 03/06/2025 AA1 5.740 5.693 57,400.00 - 57,400.00 Preferred Securities
00206R706 14592 AT&
T Inc. 1,679,983.20 1,679,
983.20 1,679,983.20 1,267,987.32 N/A N/A 4.596 4.665 19,753.50 - 19,753.50 00206R706 14594 AT&T Inc. 839,991.60 839,991.60 839,991.60 633,993.66 N/A N/A 4.640 4.694 9,937.79 - 9,937.79 Pooled Cash 5,493,940.67 842,743.87 5,493,940.67 5,493,940.67 N/A N/A 2.839 23,094.34 - 23,094.34 Total 16,042,315.47$ 11,390,958.01$ 16,042,160.01$ 15,444,628.87$ 4.669 193,490.63$ (1,372.69)$ 192,117.94$ Total Pooled Cash and Investments (Book Value) 16,042,160.01$ Gain/Loss on Investments (597,531.14)
Total Pooled Cash and Investments (Market Value) 15,444,628.87 Fire Retiree Medical
Fund 736
Adjusted Interest Earnings
October 01 to December 31, 2025As of December 31, 2025
Investments Interest Earnings
Interest Earnings
October 01 to December 31, 2025

Exhibit 3-C
CUSIP Investment # Issuer Par Value
Beginning Book
Value
Ending Book
Value Market Value Maturity Date
Moody's
Rating
Current
Rate
Annualized
Yield Interest Earned
Amortization/
Accretion
Adjusted Interest
Earnings
Medium Term Notes
6174467X1 14319 Morgan Stanley DW DTC#0015 - 500,284.13 - - 11/24/2025 BAA1 5.000 4.590 3,680.56 (284.13) 3,396.43 Federal Agency Coupon Securities
3133EFQT7 14363 Fed. Farm Credit Banks - 2,300,643.67 - - 11/25/2025 AA1 2.700 2.61 8 9,315.00 (241.38) 9,073.62 Federal Agency Continuously Callable
3133EPNL5 14692 Pol Federal Farm Credit Bank 174,800.00 173,811.16 173,843.15 174,721.34 06/23/2033 AA1 5.180 5.240 2,263.66 31.99 2,295.65 Preferred Securities
00206R706 14593 AT&T
Inc. 1,679,983.20 1,679,983.20 1,6
79,983.20 1,267,987.32 N/A N/A 4.596 4.665 19,753.50 - 19,753.50 Pooled Cash 2,539,178.15 93,035.02 2,539,178.15 2,539,178.15 N/A N/A 1.961 7,243.99 - 7,243.99 Total 4,393,961.35$ 4,747,757.18$ 4,393,004.50$ 3,981,886.81$ 3.322 42,256.71$ (493.52)$ 41,763.19$ Total Pooled Cash and Investments (Book Value) 4,393,004.50$ Gain/Loss on Investments (411,117.69)
Total Pooled Cash and Investments (Market Value) 3,981,886.81 Fund 701 Safety Members Pension Fund Cash 256,802.00
Total Investments (Market Value) and Cash 4,238,688.81
Police Retiree Medical
Fund 731 and 706
Adjusted Interest Earnings
Investments Interest Earnings
As of December 31, 2025 October 01 to December 31, 2025 Interest Earnings
October 01 to December 31, 2025

Attachment 4
Total Portfolio
Pooled Cash and Investments (COB) 693,922,102$ 698,518,749$ (4,596,647)$ Pooled Cash and Investments (Trust) 58,221,801 54,549,828 3,671,973$ Total Cash and Investments 752,143,903$ 753,068,577$ (924,674)$ Average Life of Investment Portfolio
Pooled Investments (CoB) 729 1,017 (288)
Trust Investments 5.417 years 7.204 years -1.787 years
Weighted Yield
Pooled Investments (CoB) 3.033% 3.313% -0.280%
Trust Investments 4.728% 5.057% -0.329%
Prime Rate 7.500% 8.500% -1.000%
91-day Treasury Bill Rate 4.240% 5.220% -0.980%
2-year Treasury Note Rate 3.777% 4.720% -0.943%
Cash and Investments Maturity
Within one year 492,986,029$ 65.54% 224,100,358$ 29.76% 268,885,671$ Between 1 to 3 years 140,692,393 18.71% 376,863,991 50.04% (236,171,599) Between 3 to 5 years 20,790,910 2.76% 37,564,650 4.99% (16,773,740) Between 5 to 10 years 87,784,492 11.67% 104,107,795 13.82% (16,323,304) Over 10 years 9,890,080 1.31% 10,431,783 1.39% (541,703) Total 752,143,903$ 100.00% 753,068,577$ 100.00% (924,674)$ Portfolio Evaluation
FY 2025 VS FY 2024

FISCAL YEAR ENDING
June 2025 June 2024 Increase / (Decrease)

Attachment 5
Investments as of June 30, 2025 as of June 30, 2024 Increase/(decrease) Portfolio 469,765,467$ 557,598,372$ (87,832,905)$ Unrecognized gain/(loss) (6,659,113) (22,800,109) 16,140,997 Total Investments 463,106,354 534,798,263 (71,691,909) Cash
Cash with Fidelity Money Market 37,081,094 35,421,404 1,659,690 Cash with Fiscal Agents 150 220 (70) Cash Deposits in Banks 193,734,505 128,298,862 65,435,643 Total Cash 230,815,748 163,720,486 67,095,262 Adjusted Grand Total (All Cash and Investments) 693,922,102$ 698,518,749$ (4,596,647)$

1. The pooled cash includes Rent Board cash of $10,879,232.62

2. The pooled cash does not include Section 115 cash of $5,807,227.87

3. The pooled cash does not include Fire Admin Training Building $10,500,000 cash in escrow Interest Earnings FY2025 FY2024 Increase/(decrease)
Investments 13,628,885$ 15,382,666$ (1,753,781)$ Annualized Yield 2.64% 2.68% -0.04%
Cash with Wells Fargo Money Market 4,705,660$ 3,296,364$ 1 1,409,296$
Annualized Yield 4.40% 5.15% -0.75%
Cash with Fidelity Money Market 1,659,690$ 2,743,009$ (1,083,319)$ Annualized Yield 4.58% 5.21% -0.63%

1. Wells Fargo Money market account started in December 2023, therefore, FY2024 Cash with Wells Fargo Money Market represents only 7 months earnings from December 2023 to June 30, 2024.

Investment Report Analysis
Pooled Investments
FY 2025 VS FY 2024
Pooled Investments
Pooled Investments

Attachment 6
Investments as of June 30, 2025 as of June 30, 2024 Increase/(decrease) Portfolio 58,565,695$ 54,464,603$ 4,101,092$ Unrecognized gain/(loss) (1,735,524) (2,018,780) 283,257 Total Investments 56,830,171 52,445,823 4,384,348 Cash
Cash Deposits in Banks 1,391,630 2,104,005 (712,374) Total Cash 1,391,630 2,104,005 3,495,635 Adjusted Grand Total (All Cash and Investments) 58,221,801$ 54,549,828$ 7,879,983$ Interest Earnings FY2025 FY2024 Increase/(decrease)
Investments 2,574,127$ 2,844,067$ (269,938) Annualized Yield 5.08% 5.18% -0.10%
Pooled Cash Interest 370,714$ N/A 1 N/A Annualized Yield 4.33% N/A N/A

1. Wells Fargo Money market account started in December 2023, therefore, FY2024 Cash with Wells Fargo Money Market represents only 7 months earnings from December 2023 to June 30, 2024.

Investment Report Analysis
Pension and OPEB Investments
FY 2025 VS FY 2024
Pension and OPEB
Pooled Investments

Office of the City Manager
2180 Milvia Street, Berkeley, CA 94704 ● Tel: (510) 981-7000 ● TDD: (510) 981-6903 ● Fax: (510) 981-7099 E-Mail: [email protected] Website: http://www.cityofberkeley.info/manager

INFORMATION CALENDAR
MAY 19, 2026
To: Honorable Mayor and Members of the City Council
From: Paul Buddenhagen, City Manager
Submitted by: Henry Oyekanmi, Director, Finance Department Subject: Section 115 Trust Investment Report for FY 2025 Ended June 30, 2025

SUMMARY
In June 2018, the City Council approved the establishment of a Section 115 trust to help address the City’s pension obligations. The administration of the trust was delegated to the City Manager or their designee. Since May 2019, Keenan Financial Services have managed and invested the trust fund. This report provides an overview and analysis of the performance and current market situation as it pertains to the City’s Section 115 Trust investment portfolio. The trust consists of two distinct accounts: the Fixed Income Account and the Moderate Growth Account. These accounts encompass various asset classes, including fixed income mutual funds, domestic equities, international equities mutual funds, and alternative investment funds with a focus on real estate.

Account Descriptions
I. Fixed Income Account (7590):

The Fixed Income Account predominantly comprises fixed income mutual funds. As for the latest data available, this portion of the portfolio has been performing steadily, slightly above market expectations for fixed-income investments. It's important to note that fixed income investments are generally considered a lower-risk component of a portfolio, providing stability and consistent income.

II. Moderate Growth Account (7600):

The Moderate Growth Account represents a diversified mix of asset classes, including domestic equities mutual funds, international equities mutual funds, and alternative investment funds that focus on real estate.

Section 115 Investment Report INFORMATION CALENDAR
FY2025 Ended June 30, 2025 MAY 19, 2026
2180 Milvia Street, Berkeley, CA 94704 ● Tel: (510) 981-7000 ● TDD: (510) 981-6903 ● Fax: (510) 981-7099 E-Mail: [email protected] Website: http://www.cityofberkeley.info/manager Section 115 Trust Fund FY 2025 Activities and Balances
As of June 30, 2025, Section 115 Trust Fund activity and balances are summarized in Tables 1 and 2 below on a market value basis.

Before considering the change in the market value of the investments, the City’s Section 115 Trust Fund earned 7.61% in FY 2025 (In addition to the 5.03% in interest earned on Pooled Cash balances in the Treasury): 5.61% for the Fixed Income Account, and 10.46% for the Moderate Growth Account.

Table 1. Investment Fund Activity and Balances from July 1, 2024 to June 30, 2025 Trust Fund Pooled Cash Fixed Income Moderate Growth Total Beginning Value (7.1.2024) $11,043,841 $8,574,213 $6,767,677 $26,385,731 Net Contribution (8,000,000) 5,360,000 2,640,000 -
CalPers Savings 1,763,734 1,763,734
Transfer in from savings of 2021 Refunding
Lease Revenue Bonds 536,325 536,325
Transfer in from General Fund 3,052,000 3,052,000
Payment to CalPers for Pension Costs (3,000,000) (3,000,000) Dividend/Interest 411,328 515,751 389,405 1,316,484
Realized Gain on Investments - 73,207 59,562 132,769
Change in Market Value - 121,651 456,061 577,712
Management Fees - (37,417) (26,584) (64,001)
Ending Value (6.30.2025) 5,807,228 14,607,405 10,286,120 30,700,753

Section 115 Investment Report INFORMATION CALENDAR
FY2025 Ended June 30, 2025 MAY 19, 2026
2180 Milvia Street, Berkeley, CA 94704 ● Tel: (510) 981-7000 ● TDD: (510) 981-6903 ● Fax: (510) 981-7099 E-Mail: [email protected] Website: http://www.cityofberkeley.info/manager Table 2. Investment Fund Activity and Balances by FY
FY 2022 FY 2023 FY 2024 FY 2025
12,454,721$ 16,540,906$ 21,405,174$ 26,385,730$ Contributions:
a. Concil Authorized Transfers from
General Fund 2,151,632 2,645,968 4,190,640 3,052,000
b. Prepayment of CalPERS Unfunded
Liability Discount 1,479,360 1,634,103 1,487,226 1,763,734 536,325
Payment to Calpers for Pension Costs (3,000,000)
490,659 626,281 1,194,713 1,449,252
(35,466) (42,085) (32,715) (64,001)
16,540,906 21,405,174 28,245,038 30,123,041
(2,116,151) (2,271,842) (1,859,307) 577,712
14,424,755$ 19,133,331$ 26,385,730$ 30,700,753$ Ending Balance - Market Value Beginning Book Value
Dividends and Realized Gain/Loss
Management Fees
Subtotal Before Marking Investments to
Market
Change in Market Value
Transfer in from Savings of 2021
Refunding Lease Revenue Bonds
Discussion of Changes in Market Values
Generally accepted accounting principles require that investments be marked-to-market.

This term refers to a method under which the fair values of accounts (i.e., assets and liabilities) that are subject to periodic fluctuations can be measured. The goal is to provide time- to- time appraisals of the current financial position of a company or organization, by incorporating the prevailing market conditions.

In Tables 1 and 2 above, there is a line for changes in market values from FY 2022 to FY 2024, which is negative. That is because the City had investments with a current market value that was less than the recorded cost in those years. In FY 2025, the change in market value was positive, which means that the current market value was greater than the recorded cost as of June 30, 2025. These changes in market value are due to fluctuations in the market and have no effect on yield, as the City does not intend to sell securities prior to maturity. For this reason, Table 2 above shows the Section 115 Trust Fund balance before and after adding the changes in market value, so that management and the City Council can get a more realistic picture of how the Section 115 Trust Fund is performing.

Section 115 Investment Report INFORMATION CALENDAR
FY2025 Ended June 30, 2025 MAY 19, 2026
2180 Milvia Street, Berkeley, CA 94704 ● Tel: (510) 981-7000 ● TDD: (510) 981-6903 ● Fax: (510) 981-7099 E-Mail: [email protected] Website: http://www.cityofberkeley.info/manager Investment Performance
A. FY 2025 Overview
The Trust Fund reported a total balance of $30,700,753 with $5,807,228 in Pooled Cash, $14,607,405 in the Fixed Income Account, and $10,286,120 in the Moderate Growth Account.

B. Rate of Returns by Account

1. Fixed Income Account 7590 (100% Fixed Income):

During FY 2025, the market value of the Fixed Income Account increased 5.61% and outperformed its benchmark of 3.8%-3.9%, as summarized in Table 3. The FY 2025 rate earned also exceeded the FY 2024 rate earned of 3.43% The increase in the Fixed income account resulted primarily from the receipt of $299,114 or 3.47% in dividends (versus dividends of $187,948 received in FY 2024), plus the following increases in mutual fund market prices: Community Capital Tr (CRAN.X) =2.37%; Northern Bond Index (NOBO.X)=1.99%; Target PIGM Core Bond R6 (TPCQ.X)=1.63%, and Wells Fargo Fund Core Bond Fund (WTRI.X)=1.56%.

Investment Type
FY 2025 Rate
Earned
FY 2025
Benchmark
Fixed Income 0.0567 3.8% - 3.9%
Total Account 0.0561 3.8% - 3.9%
Souce: Performance Report - Fixed Income - June 30, 2025 * Benchmark: Bloomberg US Aggregate Bond Index
Table 3. FY 2025 Fixed Income Rate of Return
Compared to Benchmark

2. Moderate Growth Account 7600 (40.8% Equities, 54.8% Fixed Income and 4.4% Alternatives):

During FY 2025, the market value of the Moderate Growth account increased

10.46%. Its fixed income portion outperformed its benchmark 5.68% to 3.8%-

3.9%; The equity portion of the account underperformed the benchmark 17.07% to 18%-25%, as summarized in Table 4, The FY 2025 rates in Table 4 compared

Section 115 Investment Report INFORMATION CALENDAR
FY2025 Ended June 30, 2025 MAY 19, 2026
2180 Milvia Street, Berkeley, CA 94704 ● Tel: (510) 981-7000 ● TDD: (510) 981-6903 ● Fax: (510) 981-7099 E-Mail: [email protected] Website: http://www.cityofberkeley.info/manager to the following FY 2024 rates: Fixed Income=3.39%; Equities=20.29%; Alternatives=7.23%; and total=10.59%.

Table 4. Moderate Growth Account FY 2025 Rate of Return Compared to Benchmark Investment Type FY 2025 FY 2025 Benchmark
Fixed Income 5.68% 3.8% - 3.9%
Equities 17.07% 18% to 25% **
Alternatives 10.81% N/A
Total Account 10.46%
* Benchmark: Bloomberg U.S. Aggregate Bond Index
** Benchmark: S&P 500 Total Return Index
The increase in the Moderate Growth was paced by double-digit increases in the Large CAP funds (State Street GBL ALCP EQ A at 12.99%, and State Street GBL EQ 500 Index A at 13.3%); and double-digit increases in the International Funds: American Funds New World F-2 at 11.0%, American Funds New Perspective F-2 at 12.0%, and Hartford International Value Y at 23.2%

CURRENT SITUATION AND ITS EFFECTS
The City’s principal objective in establishing the Section 115 Pension Trust Fund is to control long-term pension costs and mitigate the annual operating budget’s volatility. The city aims to allocate funding into the trust, including savings generated by prefunding, with an initial goal of $5.5 million annually, although this goal has not been met every year.

During FY 2025, the market value of the fund increased by $3,315,022 or 12.6%, from $26,385,731 to $30, 700, 753, despite using $3 million in FY 2025 for pension payments, as budget-balancing measures. The increase in market value was primarily due to (1) $1,763,734 received for the CalPERS discount for prepayment of the amount of unfunded liability due; (2) receipt of $1,316,484 in dividends/interest payments; and (3) $577,712 increase in the market value of the investments held by the fund. The market value of the fund was approximately $10.6 million at inception of the fund at the start of FY 2021.

The yield earned on the Section 115 Trust Fund for the fiscal year ended June 30, 2025, was 5.67% for the fixed income account and 10.46% for the moderate growth account, compared to 3.51% and 10.59%, respectively, for the fiscal year ended June 30, 2024.

This represents an increase (decrease) of 216 and (.13) basis points, respectively, from the rates earned in FY 2024.

Section 115 Investment Report INFORMATION CALENDAR
FY2025 Ended June 30, 2025 MAY 19, 2026
2180 Milvia Street, Berkeley, CA 94704 ● Tel: (510) 981-7000 ● TDD: (510) 981-6903 ● Fax: (510) 981-7099 E-Mail: [email protected] Website: http://www.cityofberkeley.info/manager Economic Overview and Investment Outlook
Federal Reserve Board (Fed) Actions:

The market clearly expected another cut at the Fed’s December 2025 meeting until the Federal Reserve Chairman stated at the October 29, 2025, meeting that “a further reduction in the policy rate at the December meeting is not a foregone conclusion.

However, the weakening of the labor market in November 2025 prompted the Feds to lower short-term rates another .25%, to 3.75% on December 10, 2025.

Labor Market Changes:

The labor market has shown weakness in the last several months but stabilized a bit in January 2026. The January 2026 labor report showed more strength than expected as the US added 130,000 jobs when economists expected 50,000-69,000 jobs to be added. The Unemployment rate also decreased slightly to 4.34%. However, major 2025 revisions were reported that showed that 2025 was much weaker, with 898,000 fewer jobs reported than initially thought.

The Federal Reserve has projected that the unemployment rate will be 4.4% in 2026 and drop to 4.2% in 2027.

Inflation Expectations:
 The Core Personal Consumption Expenditures Price Index (PCE) is the less volatile measure of the PCE price index which excludes the more volatile and seasonal food and energy prices. It is the inflation index favored by the Feds in developing monetary policy.
 The September 2025 PCE index was reported late on December 5, 2025 (due to the Federal Government shutdown). The September 2025 rate was 2.8% and Core PCE was 2.8%, in line with expectations, but significantly higher than the Fed’s 2% target.
 The Core November 2025 PCE index report was reported at 2.8%, in line with expectations and in line with the 2.8% reported for September 2025. October 2025 PCE was not reported because of the Federal government shutdown.  The Core December 2025 PCE index report was reported at 2.9%, below the 3.0% expected.
 Core PCE inflation is expected to be 2.6% in 2026.

Section 115 Investment Report INFORMATION CALENDAR
FY2025 Ended June 30, 2025 MAY 19, 2026
2180 Milvia Street, Berkeley, CA 94704 ● Tel: (510) 981-7000 ● TDD: (510) 981-6903 ● Fax: (510) 981-7099 E-Mail: [email protected] Website: http://www.cityofberkeley.info/manager Staff Expectations:

Future Federal Reserve cuts:

At its January 28, 2026, meeting, the Federal Reserve held rates unchanged at

3.5%-3.75%. Federal Reserve officials are divided on further interest rate cuts amid persistent inflation concerns. Some officials argue that the labor market is stable, so more rate cuts are unnecessary. Others argue that the Feds risks a recession if it does not move quickly with rate cuts. Staff believe the Federal Reserve will continue to be cautious about lowering short-term rates as long as there is weakness in the labor market, even if inflation stays around the current level instead of moving down to the Fed’s 2% target.

Staff believe that as long as the Core PCE index does not increase and the labor market does not weaken further, the Federal Reserve will lower the Federal Funds rate by 1-2 times in 2026, by 0.25% each or a total of 0.50%. Staff expect the Federal Funds rate to be cut to 3%-3.25% by the end of 2026

Legality of Tariffs:

On February 20, 2026, the U.S. Supreme Court ruled that President Trump’s use of emergency powers law to impose worldwide tariffs was unconstitutional. In reaction, the President has started implementing tariffs using other statutes. The February 20, 2026 Supreme Court decision and decisions that follow, may have a significant impact on inflation expectations and determine how much more and how quickly the Federal Reserve lowers short-term rates in the near future, and may determine how much medium and long-term rates will be impacted.

Selection of Chairman of the Federal Reserve Board:

On January 30, 2026, President Trump announced that he is nominating Kevin Warsh to replace Jay Powell as Chairman of the Federal Reserve Board in May 2026. One of the concerns with Warsh is that he will cut interest rates to appease the president, even if lower rates are not warranted, which could result in the need to increase them later. The issue now is that Warsh’s nomination has introduced significant uncertainty in the market because “he was a member of the Federal Reserve that increased rates 17 meetings in a row, which precipitated the Great Financial Crisis”.

Stock Market Outlook:
 The following 2026 summary of the stock market outlook was provided by Goldman Sachs on January 6, 2026:
“Healthy economic growth and Federal Reserve easing are expected to help propel the US stock market this year.”

Section 115 Investment Report INFORMATION CALENDAR
FY2025 Ended June 30, 2025 MAY 19, 2026
2180 Milvia Street, Berkeley, CA 94704 ● Tel: (510) 981-7000 ● TDD: (510) 981-6903 ● Fax: (510) 981-7099 E-Mail: [email protected] Website: http://www.cityofberkeley.info/manager  While stock valuations are high and stock market capitalization is the most concentrated on record, there are notable differences between the ongoing AI rally and historical investment booms.
 Goldman Sachs Research expects AI investment to increase this year even as the growth in capex decelerates.
 Five key investment themes in 2026 are expected to be: accelerating GDP growth, corporate re-leveraging, AI adoption, a rise in IPOs and dealmaking, and a search for value stocks.
 Goldman Sachs Research forecasts US stocks 1 to post their fourth-straight year of gains in 2026. Earnings growth is likely to drive the rally amid a solid economy and continued easing by the Federal Reserve.
 Our strategists project the S&P 500 to produce a 12% total return in 2026 (as of January 6), compared with 18% last year and 25% in 2024. They expect earnings per share (EPS) to increase 12% in 2026 and 10% the following year.  “Healthy economic and revenue growth, continued profit strength among the largest US stocks, and an emerging productivity boost from artificial intelligence (AI) adoption should lift US stock earnings in the coming years”, Ben Snider, chief US equity strategist, writes in the team’s report. Double-digit earnings growth is “providing the fundamental base for a continued bull market,” he adds.

BACKGROUND
At the November 28, 2017, Council meeting, the City Manager was instructed to present a proposal for establishing an Irrevocable Supplemental Pension Trust, along with other options proposed by staff.

On June 26, 2018, the City Council adopted a Resolution appointing the City Manager as the Plan Administrator. This resolution authorized the City Manager to initiate the necessary steps for negotiating and executing documents to establish a Section 115 Trust Fund, intended to serve as a pension rate stabilizing fund. Additionally, it delegated authority for managing the Section 115 Trust Fund investments.

During the Request for Proposals (RFP) process, the City identified three agencies capable of providing professional trust administrative, trustee/custodial, and investment advisory or management services: Public Agency Retirement Services (PARS), PFM Asset Management LLC (PFM), and Keenan. RFPs were sent out, and the responses 1 https://www.goldmansachs.com/insights/markets

Section 115 Investment Report INFORMATION CALENDAR
FY2025 Ended June 30, 2025 MAY 19, 2026
2180 Milvia Street, Berkeley, CA 94704 ● Tel: (510) 981-7000 ● TDD: (510) 981-6903 ● Fax: (510) 981-7099 E-Mail: [email protected] Website: http://www.cityofberkeley.info/manager were evaluated by a review committee, which included the Director of Finance, Treasury Manager, and an external consultant for the City. Keenan Financial Services received the highest rating from all three reviewers based on the outlined criteria in the RFP.

On May 14, 2019, during the Council meeting, the City Council adopted a Resolution authorizing the City Manager to execute a contract with Keenan Financial Services to establish a pension Section 115 trust. This contract includes Keenan Financial Services providing trust administration, trustee/custodian, and investment advisory services. The structure of the trust includes the following components:
 Trust Administrator: Keenan
 Trustee/Custodian: Benefit Trust Company
 Investment Manager: Morgan Stanley
Benefit Trust Company (BTC) actively manages plan assets. The City's individual trust account is part of a larger Multiple Employer Trust administered by Keenan Financial Services and BTC. BTC also provides the City with monthly and quarterly statements detailing the activity of the City's accounts.

The primary purpose of the Pension Stabilization Trust is to accumulate, hold, and distribute pension plan assets exclusively for the benefit of retiree pensions, as defined by IRS Code Section 115. These plan assets are irrevocable and can only be used for the intended purpose of the Trust.

The City's principal objective in establishing the Pension Trust is to control long-term costs and mitigate the annual operating budget's volatility. The trust offers increased flexibility to the City, allowing for more consistent contributions and reduced year-to-year contribution volatility.

ENVIRONMENTAL SUSTAINABILITY AND CLIMATE IMPACTS
There are no identifiable environmental effects or opportunities associated with the subject of this report.

CONTACT PERSON
Henry Oyekanmi, Director, Finance Department, 981-7326

ATTACHMENTS

1. Portfolio Evaluation from Inception to FY 2025 ended June 30, 2025

2. Investment Report Analysis FY 2025 ended June 30, 2025

Section 115 Investment Report INFORMATION CALENDAR
FY2025 Ended June 30, 2025 MAY 19, 2026
2180 Milvia Street, Berkeley, CA 94704 ● Tel: (510) 981-7000 ● TDD: (510) 981-6903 ● Fax: (510) 981-7099 E-Mail: [email protected] Website: http://www.cityofberkeley.info/manager ATTACHMENT 1
Analysis by Fiscal Year
30-Jun-25 30-Jun-24 30-Jun-23 30-Jun-22 30-Jun-21 9/30/2020 (Inception) Total Portfolio
Pooled Cash 5,807,228$ 11,043,841$ 4,687,819$ 407,748$ 1,432,226$ -$ Fixed Income Account 14,607,405 8,574,213 8,307,805 8,257,710 6,469,347 6,356,407 Moderate Growth Account 10,286,120 6,767,677 6,137,707 5,759,296 4,931,280 4,278,393 Total Cash and Investments 30,700,753$ 26,385,731$ 19,133,331$ 14,424,754$ 12,832,853$ 10,634,800$ Earnings
Fixed Income Account 710,609 291,486 74,673 (984,712) 127,268 385,952 Moderate Growth Account 905,027 648,940 395,917 (1,018,912) 663,245 -25077.6 1,615,636 940,426 470,590 (2,003,624) 790,513 360,875
Yield
Fixed Income Account 5.61% 3.51% 0.90% -15.22% 2.00%
Moderate Growth Account 10.46% 10.59% 6.87% -20.66% 15.50%

7.61% 4.92% 3.26% -15.61% 7.43%
Section 115 Investments Portfolio Evaluation
Fiscal Year Ended June 30

Section 115 Investment Report INFORMATION CALENDAR
FY2025 Ended June 30, 2025 MAY 19, 2026
2180 Milvia Street, Berkeley, CA 94704 ● Tel: (510) 981-7000 ● TDD: (510) 981-6903 ● Fax: (510) 981-7099 E-Mail: [email protected] Website: http://www.cityofberkeley.info/manager ATTACHMENT 2
30-Jun-25 30-Jun-24
Total Investment Portfolio
Portfolio 24,059,771$ 10,634,799$
Unrealized Gain/(Loss) 833,755 4,707,090
Total Portfolio Investments 24,893,525 15,341,889
Cash
Cash Deposits in Bank 5,807,228 11,043,841
Total Cash 5,807,228 11,043,841
Total Cash and Investments 30,700,753$ 26,385,730$ Section 115 Portfolio Breakdown as of June 30, 2025
Book Value Market Value
Fixed Income 20,121,238 20,248,371
Equities 3,486,538.52 4,190,902.06
Alternatives 451,994.16 454,251.84
Total Investments 24,059,771$ 24,893,525$
Portfolio Evaluation
Fiscal Year Ended June 30

Item Removed From
Agenda
This item has been removed from the agenda by the
City Manager.

If you have questions regarding this report, please
contact the person noted on the agenda.

City Clerk Department
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Berkeley, CA 94704
(510) 981-6900
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https://berkeleyca.gov/your-government/city-council

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