City Council and Successor Agency
to the Brea Redevelopment
Agency Agenda
General Session - 7:00 p.m.
Closed Session - 7:30 p.m.
Tuesday, May 19, 2026, 7:00 PM
COUNCIL CHAMBERS
1 Civic Center Circle
Brea, California 92821
Cecilia Hupp, Mayor Marty Simonoff, Mayor Pro Tem
Christine Marick, Council Member Blair Stewart, Council Member Steven Vargas, Council Member This agenda contains a brief general description of each item Council will consider. The City Clerk has on file copies of written documentation relating to each item of business on this Agenda available for public inspection.
Contact the City Clerk’s Office at (714) 990-7756 or view the Agenda and related materials on the City’s website at www.cityofbrea.gov. Materials related to an item on this agenda submitted to the Council after distribution of the agenda packet are available for public inspection in the City Clerk’s Office at 1 Civic Center Circle, Brea, CA during normal business hours. Such documents may also be available on the City’s website subject to staff’s ability to post documents before the meeting.
Procedures for Addressing the Council
The Council encourages interested people to address this legislative body by making a brief presentation on a public hearing item when the Mayor calls the item or address other items under Matters from the Audience. State law generally prohibits the City Council from responding to or acting upon matters not listed on this agenda.
The Council encourages free expression of all points of view. To allow all persons the opportunity to speak, please keep your remarks brief. If others have already expressed your position, you may simply indicate that you agree with a previous speaker. If appropriate, a spokesperson may present the views of your entire group. Council rules prohibit clapping, booing or shouts of approval or disagreement from the audience. Please silence all cell phones and other electronic equipment while the Council is in session. Thank you.
Written comments may be submitted in advance of the meeting by emailing [email protected].
Written comments received by 3 p.m. on the day of the meeting will be provided to the Council, will be made available to the public at the meeting, and will be included in the official record of the meeting.
Special Accommodations
In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the City Clerk’s Office at (714) 990-7757. Notification 48 hours prior to the meeting will enable City staff to make reasonable arrangements to ensure accessibility. (28 CFR 35.102.35.104 ADA Title II) Important Notice
The City of Brea shows both live broadcasts and replays of City Council Meetings on Brea Cable Channel 3 and over the Internet at www.cityofbrea.gov. Your attendance at this public meeting may result in the recording and broadcast of your image and/or voice as previously described.
1. GENERAL SESSION - COUNCIL CHAMBERS PLAZA LEVEL - 7:00 P.M.
1.A. Call to Order/Roll Call
1.B. Pledge of Allegiance: Girl Scout Troop 2115
1.C. Invocation
1.D. Proclamation: National Public Works Week
1.E. Community Announcements
1.F. Community Development/Public Works Update
1.G. Matters from the Audience
1.H. Response to Public Inquiries
2. CONSENT CALENDAR
The City Council/Successor Agency approves all Consent Calendar matters with one motion unless Council/Agency or Staff requests further discussion of a particular item. Items of concern regarding Consent Calendar matters should be presented during “Matters from the Audience."
2.A. May 5, 2026 Regular City Council Meeting Minutes
— 1. Approve.
2.B. Acceptance of Final Tract Map No. 19315 for Condominium Purposes, Subdivision Monument Bond, and Public Improvements for the site located at 685 South Brea Boulevard — 1. Accept Final Tract Map No. 19315 for Condominium Purposes; — 2. Accept Subdivision Monument Bond and authorize City Clerk to release the Subdivision Monument Bond upon further notification from the Public Works Department; and — 3. Accept Public Improvements associated with the site located at 685 S. Brea Boulevard. There is no fiscal impact to the General Fund.
2.C. Settlement Agreement and Franchise Agreement Amendment with Republic Services (Brea Disposal) — 1. Approve a Settlement Agreement and Mutual Release (Settlement Agreement) with Republic Waste Services of Southern California (Brea Disposal) and Republic Services, Inc. (Republic Services); — 2. Approve Amendment No. 1 to the Second Amended and Restated Franchise Agreement with Brea Disposal; and
— 3. Authorize the Mayor to execute the documents.
2.D. Approval of Amended and Restated NPDES Stormwater Permit Implementation Agreement — 1. Approve the Amended and Restated National Pollutant Discharge Elimination System (NPDES) Stormwater Permit Implementation Agreement ("Agreement") between the County of Orange, Orange County Flood Control District ("District"), and participating Orange County cities (collectively called "Permittees)"; and — 2. Authorize the Mayor to execute the Agreement and any related documents necessary to implement the terms of the Agreement.
2.E. Code of Ethics, Conduct and Policies for Elected and Appointed Officials — 1. Adopt the Code of Ethics, Conduct and Policies for Elected and Appointed Officials.
2.F. Monthly Report of Investments for the City of Brea for Period Ended April 30, 2026 — 1. Receive and file.
2.G. April Outgoing Payment Log and City Disbursement Registers for May 1 and 8, 2026 — 1. Receive and file.
3. CITY/SUCCESSOR AGENCY - CONSENT
3.A. Monthly Report of Investments for the Successor Agency to the Brea Redevelopment Agency for Period Ended April 30, 2026
— 1. Receive and file.
4. PUBLIC HEARINGS
This portion of the meeting is for matters that legally require an opportunity for public input. Audience participation is encouraged and is limited to 5 minutes per speaker.
4.A. Public Hearing to Approve the 2025 Urban Water Management Plan — 1. Conduct a Public Hearing to receive Public Input;
— 2. Approve the 2025 Urban Water Management Plan; and
— 3. Adopt Resolution No. 2026-28, adopting the 2025 Urban Water Management Plan. There is no fiscal impact to the General Fund.
4.B. Public Hearing to Approve the 2025 Water Shortage Contingency Plan — 1. Conduct a Public Hearing to Receive Public Input;
— 2. Approve the 2025 Water Shortage Contingency Plan; and — 3. Adopt Resolution No. 2026-29 adopting the 2025 Water Shortage Contingency Plan. There is no fiscal impact to the General Fund.
5. ADMINISTRATIVE ITEM
This agenda category is for City Council consideration of a wide variety of topics related to the City's operations.
Public comments regarding items in this section should be presented during "Matters from the Audience."
5.A. Continued Review of the Business License Modernization Effort — 1. Proceed with preparations for placing the business license modernization measure on the November 2026 ballot.
6. ADMINISTRATIVE ANNOUNCEMENTS
6.A. City Manager
6.B. City Attorney
6.C. Council Requests
7. COUNCIL ANNOUNCEMENTS
7.A. Council Announcements
8. ADJOURNMENT
8.A. Meeting Adjournment
9. CLOSED SESSION - EXECUTIVE CONFERENCE ROOM 3RD FLOOR - TIME 7:30 P.M.
9.A. Call to Order/Roll Call
9.B. Public Comment
9.C. Conference with City's Labor Negotiator Pursuant to Government Code Section 54957.6 Regarding the Brea Management Association (BMA), Brea City Employees' Association (BCEA), Administrative and Professional Employees' Association (APEA), Brea Police Management Association (BPMA), Brea Fire Association (BFA) and the Brea Fire Management Association (BFMA) - Kristin Griffith, Negotiator, Laura Drottz Kalty, LCW Attorney and Alexander Volberding, LCW Attorney
9.D. Conference with Real Property Negotiator Pursuant to Government Code Section 54956.8. Property: Railroad Corridor Between Palm Street and Berry Channel. City of Brea Negotiators: Public Works Director Michael Ho and Interim Community Services Director Sean Matlock. Negotiating Party: Union Pacific Railroad Company.
Under Negotiation: Price and Terms of Payment.
9.E. Conference with Legal Counsel Pursuant to Government Code Section 54956.9(d)(4) - Anticipated Litigation.
Initiation of Litigation: 1 potential case.
Date Posted: May 14, 2026
CITYofBREA
City Council Regular Meeting
Communication
May 19, 2026
Item No. 2A.
May 5, 2026 Regular City Council Meeting Minutes
TO PREPARED BY
Honorable Mayor and City Council Members Christina Dizol, Deputy City Clerk
DEPARTMENT HEAD APPROVAL CITY MANAGER APPROVAL
Kristin Griffith, City Manager Kristin Griffith, City Manager
RECOMMENDATION
Approve.
Attachments
05-05-2026 - Draft Minutes.pdf
** The following document is a draft of the minutes and the not the official approved minutes **
Minutes for the City Council Regular Meeting
1 Civic Center Circle, Brea, California 92821
May 5, 2026
Roll Call: (The following members were in attendance)
Cecilia Hupp, Mayor
Marty Simonoff, Mayor Pro Tem
Christine Marick, Council Member
Blair Stewart, Council Member
Steven Vargas, Council Member
1. CLOSED SESSION - EXECUTIVE CONFERENCE ROOM 3RD FLOOR - TIME 5:30 P.M.
1.A. Call to Order/Roll Call
Mayor Hupp called the Closed Session to order at 5:30 p.m. All members were present.
1.B. Public Comment
None.
1.C. Conference with City's Labor Negotiator Pursuant to Government Code Section 54957.6 Regarding the Brea Management Association (BMA), Brea City Employees' Association (BCEA), Administrative and Professional Employees' Association (APEA), Brea Police Management Association (BPMA), Brea Fire Association (BFA) and the Brea Fire Management Association (BFMA) - Kristin Griffith, Negotiator, Laura Drottz Kalty, LCW Attorney and Alexander Volberding, LCW Attorney
Mayor Hupp adjourned the Closed Session at 6:27 p.m.
2. STUDY SESSION - EXECUTIVE CONFERENCE ROOM 3RD FLOOR - TIME 6:00 P.M.
2.A. Call to Order/Roll Call
Mayor Hupp called the Study Session to order at 6:29 p.m. All members were present.
2.B. Public Comment
None.
2.C. Clarify Regular Meeting Topics
None.
2.D. Continued Review of Existing General Municipal Tax in the City of Brea Administrative Services Director Lo continued the review of the existing general municipal tax and provided a presentation to the City Council on the Business License Tax modernization effort and requested direction regarding the Transient Occupancy Tax.
Administrative Services Director Lo informed the City Council that staff met with the Brea Chamber of Commerce and its Board of Directors to review the proposed Business License Tax modernization. She noted that while the Chamber does not take formal positions on ballot measures, the proposal was generally viewed as reasonable and no opposition was expressed during the discussion. She also stated that a business owner expressed support for modernization efforts, but preferred an approach that included increasing the cap combined with a 3% annual Consumer Price Index adjustment.
Staff clarified that the meeting with the Brea Chamber of Commerce reflected the perspectives of those present and was not intended to represent the entire business community.
The City Council discussed modernization of the City’s Business License Tax structure, revenue generation considerations, and the timing of potential ballot measures. Council Members discussed rising operational costs, inflationary impacts, and public perception related to tax increases and cost recovery measures. Council expressed concerns regarding placing both a Business License Tax measure and a Transient Occupancy Tax measure before voters at the same time, as well as the importance of additional public outreach and community education regarding the proposed modernization effort.
Council Member Vargas inquired about the City’s budget and financial outlook and requested clarification from staff. City Manager Griffith clarified that the City currently maintains a balanced budget and noted that multiple variables contribute to future budget forecasts.
There was consensus from all members of the City Council directing staff to not proceed with Transient Occupancy Tax modernization at this time and directed staff to return with the Business License Tax as an Administrative Item at the next City Council Meeting for further discussion.
2.E. Council Member Reports/Requests
None.
2.F. Study Session Adjournment
Mayor Hupp adjourned the Study Session at 6:50 p.m.
3. GENERAL SESSION - COUNCIL CHAMBERS PLAZA LEVEL - 7:00 P.M.
3.A. Call to Order/Roll Call
Mayor Hupp called the General Session to order at 7:01 p.m. All members were present.
3.B. Pledge of Allegiance: Boy Scout Troop 707
Boy Scout Troop 707 led the Pledge of Allegiance.
3.C. Invocation
Police Chaplain Mercado led the invocation.
3.D. Presentation: Carbon Incident Update
Fire Chief Mielke and Deputy Fire Chief Flores provided an update on the Carbon Fire incident, including an overview of the incident, emergency response efforts, community protection measures, post-fire operations, and partner agency assistance.
3.E. Report - Prior Study Session
City Manager Griffith provided a report on the prior Study Session.
3.F. Community Announcements
Council Member Marick announced the Plunge Open House event will take place on Friday, May 15, from 4:00 p.m. to 7:00 p.m. She indicated that Brea residents may begin registering online for swim classes beginning Monday, May 18, and that additional information is available on the City’s website.
Council Member Stewart announced the City of Brea will be hosting a free Business Emergency Resiliency Training on Wednesday, May 6, from 3:00 p.m. to 5:00 p.m. He indicated that the training will include information on civilian responses to active threats and emergency disaster relief to assist businesses in preparing for, responding to, and recovering from potential incidents and disasters. He added that additional information is available through the City’s Economic Development Division.
3.G. Matters from the Audience
Lachlan Shon, Brea Chamber of Commerce, spoke about the proposed business license modernization plan and thanked the City Council for their partnership.
Linda Criner spoke about the Costco development and expressed concerns with the quality of life, traffic, and tax sharing agreement.
Mark Strom spoke about a recent meeting with city staff, Economic Development Agreement, Costco development, city financials, and accountability.
Michael Burns spoke in support of the Costco development.
3.H. Response to Public Inquiries
Community Development Director/Assistant City Manager Killebrew responded to public inquiries regarding the Economic Development Agreement and provided clarification regarding the parties involved in negotiations and the timeline of those discussions. He also commented on environmental impacts associated with the proposed Costco development, noting that such impacts will be evaluated and addressed through the environmental review process and that opportunities for community engagement will be provided.
4. CONSENT CALENDAR
A motion was made by Council Member Stewart and seconded by Mayor Pro Tem Simonoff to approve Consent Calendar items 4A - 4E. Motion passed 5-0-0-0. (Ayes: Hupp, Simonoff, Marick, Stewart, Vargas)
4.A. April 21, 2026 Regular City Council Meeting Minutes The City Council approved the April 21, 2026 Regular City Council Meeting Minutes as written.
4.B. Sourcewell Maintenance Agreement with TK Elevator Corporation The City Council approved a Cooperative Purchase Agreement with TK Elevator Corporation for citywide elevator preventative maintenance service for a three (3) year term for $33,600 per year, for a total of $100,800.
4.C. Second Reading and Adoption of Ordinance No. 1273 to Amend Chapter 1.04: “Penalties, Administrative and Civil Remedies, and General Provisions” The City Council adopted Ordinance No. 1273 titled “An Ordinance of the City Council of the City of Brea Revising Penalties and Remedies for Violations of the Brea City Code, and Amending Title 1 (General Provisions) of the Brea City Code”.
4.D. Professional Services Agreement for City's Housing Rehabilitation Program The City Council approved a Professional Services Agreement between the City of Brea and GRC Associates (included as Attachment A) to implement the City’s Housing Rehabilitation Program in an amount not-to exceed $34,000 per year, for up to five years ($170,000 total over five years), authorized the City Manager to execute the Professional Services Agreement with GRC Associates; and authorized the City Manager to approve non-substantive changes, as well as amend and extend the term of the Professional Services Agreement, for up to four additional one-year terms.
4.E. City Disbursement Register for April 24, 2026
The City Council received and filed the City Disbursement Register for April 24, 2026.
5. PUBLIC HEARING
5.A. Annual Public Hearing to Review Full-Time Vacancies and Recruitment and Retention Efforts in Compliance with Assembly Bill 2561
The City Council opened the Public Hearing item. Seeing no members of the public wishing to address the Council, the City Council continued it to the June 16, 2026 meeting.
6. ADMINISTRATIVE ITEM
6.A. Budget Adjustments to the City Operating and Capital Improvement Program Budgets for FY 2025-27
Budget Manager Brenner provided a presentation on the item and reviewed the background of the adopted Fiscal Year 2025–27 budget, the mid-cycle budget overview, General Fund revenue and expenditure adjustments, proposed amendments, and items not currently included in Fiscal Year 2026–27.
Council Member Vargas requested clarification regarding transfers to and from reserve accounts.
In response to Council Member Vargas questions, Budget Manager Brenner provided additional clarification.
A motion was made by Council Member Stewart and seconded by Council Member Vargas to approve Administrative Item 6A. Motion passed 5-0-0-0. (Ayes: Hupp, Simonoff, Marick, Stewart, Vargas)
7. ADMINISTRATIVE ANNOUNCEMENTS
7.A. City Manager
City Manager Griffith recognized Professional Municipal Clerks Week and thanked the City Clerk’s Office for their hard work in supporting meetings, maintaining records and processes, and helping ensure transparency and accountability to the public.
She also recognized Public Service Recognition Week and thanked City employees across all departments for their commitment to serving the community, solving problems, and maintaining a high level of service throughout the City of Brea. She additionally thanked City Council for their continued support.
7.B. City Attorney
None.
7.C. Council Requests
Council Member Vargas discussed an audit he conducted of RWG legal fees and referenced potential reimbursement related to travel time charges. He requested information regarding the process for seeking reimbursement of those funds.
City Attorney Boga responded that a letter regarding the requested reimbursement had previously been provided to the City and noted that RWG could provide the City Council with a copy of the letter.
8. COUNCIL ANNOUNCEMENTS
8.A. Council Announcements
None.
9. ADJOURNMENT
9.A. Meeting Adjournment
Mayor Hupp adjourned the General Session at 7:48 p.m.
CITYofBREA
City Council Regular Meeting
Communication
May 19, 2026
Item No. 2B.
Acceptance of Final Tract Map No. 19315 for Condominium Purposes, Subdivision Monument Bond, and Public Improvements for the site located at 685 South Brea Boulevard
TO PREPARED BY
Honorable Mayor and City Council Members Bryan Hong, Assistant City Engineer
DEPARTMENT HEAD APPROVAL CITY MANAGER APPROVAL
Michael Ho, Public Works Director Kristin Griffith, City Manager
RECOMMENDATION
Staff recommends that the City Council take the following actions:
1. Accept Final Tract Map No. 19315 for Condominium Purposes; and
2. Accept Subdivision Monument Bond and authorize City Clerk to release the Subdivision Monument Bond upon further notification from the Public Works Department; and
3. Accept Public Improvements associated with the site located at 685 S. Brea Boulevard.
BACKGROUND/DISCUSSION
On July 23, 2024, the Planning Commission approved Resolution No. PC 2024-09 to approve Precise Development No. 2023-03, Resolution No. PC 2024-08 to approve Density Bonus No. 2023-01, and Resolution No.
PC 2024-07 to conditionally approve Tentative Tract Map No. 19315 for condominium purposes, to demolish an existing approximately 6,592 square foot commercial building, and to construct a new housing development located at 685 S. Brea Boulevard. Tentative Tract Map No. 19315 proposed subdividing the existing site for condominium purposes to construct a total of 32 residential units. See Attachment A included herein for a project Location Map for reference. Both Resolution No. PC 2024-09 and Resolution No. PC 2024-07 included Conditions of Approval that identified requirements for the Applicant, Brea 1 Inv, LLC, to be completed before the project milestones.
Tentative Tract Map No. 19315 proposed the subdivision for condominium purposes of the existing parcel located at APN 284-282-06, the dedication of separate easements along W. Fir Street and S. Brea Boulevard for public street and utility purposes to the City of Brea, and the dedication of an ingress and egress easement for emergency vehicle purposes to the City of Brea, to facilitate the construction of 32 residential units located in four separate buildings on the project site. Proposed public improvements associated with the proposed development consisted of items such as the closure of existing project driveways for the site; the construction of two new driveway approaches on S. Walnut Avenue and W. Fir Street; the removal and reconstruction of all sidewalk adjacent to the project site along S. Walnut Avenue, W. Fir Street, and S. Brea Boulevard; roadway paving improvements to S.
Walnut Avenue and W. Fir Street; the installation of conduit and communication infrastructure extensions along W.
Fir Street to aid in the expansion development of the Police Department Integrated Crime Center; the removal and replacement of an existing traffic signal pole and safety light located at the intersection of W. Fir Street & S. Brea Boulevard; and all utility service connections required to facilitate the proposed development. All public improvements associated with the proposed development have been constructed and repaired as necessary before any certificate of occupancy release to the satisfaction of the Public Works Department.
According to the Conditions of Approval outlined in Resolution No. PC 2024-09 and Resolution No. PC 2024-07, the Applicant was required to prepare a Final Map that included all easement dedications for the review and tentative approval of City staff, and for the review and tentative approval of the County of Orange Surveyor’s Office. Additionally, the Conditions of Approval required that the Applicant submit a monumentation bond to guarantee the setting of monuments as identified on the Final Map. The County Surveyor’s Office has reviewed and approved the Final Tract Map No. 19315 for technical correctness. City staff has determined that the Final Tract Map conforms with the State Subdivision Map Act, the Tentative Tract Map, and City ordinances. See Attachment B for the Final Tract Map for reference. Additionally, the Applicant has provided a Subdivision Monument Bond for $4,000 to ensure the setting of the property monuments identified on the Final Tract Map. See Attachment C for the Subdivision Monument Bond for reference.
COMMISSION/COMMITTEE RECOMMENDATION
The Finance Committee reviewed this item at their May 12, 2026 meeting and recommended for City Council approval.
FISCAL IMPACT/SUMMARY
There is no fiscal impact to the General Fund. City staff have reviewed the Conditions of Approval outlined in Resolution No. PC 2024-09 and Resolution No. PC 2024-07, and Final Tract Map No. 19315, and has determined that all Conditions of Approval have been satisfied and the Final Tract Map conforms with Tentative Tract Map No. 19315. Furthermore, the County and City Engineer has reviewed and approved the Final Tract Map. Therefore, City staff recommends City Council accept Final Tract Map No. 19315 and the Subdivision Monument Bond to ensure the setting of the property monuments as identified on the Final Tract Map. Additionally, City staff is recommending acceptance of the Public Improvements associated with the site located at 685 S. Brea Boulevard, as all public improvements associated with the proposed development have been constructed and will be repaired as necessary before any certificate of occupancy release, to the satisfaction of the Public Works Department.
Attachments
Attachment A - Location Map.pdf
Attachment B - Final Tract Map.pdf
Attachment C - Subdivision Monument Bond.pdf
Attachment A – Location Map
Not to scale
Tract Map No. 19315
685 S. Brea Boulevard
S. Brea Blvd.
S. Walnut Ave.
W. Fir St.
S. Brea Blvd.
W. Fir St.
E. Fir St.
S. Walnut Ave.
CITYofBREA
City Council Regular Meeting
Communication
May 19, 2026
Item No. 2C.
Settlement Agreement and Franchise Agreement Amendment with Republic Services (Brea Disposal)
TO PREPARED BY
Honorable Mayor and City Council Members Terence Boga, City Attorney
DEPARTMENT HEAD APPROVAL CITY MANAGER APPROVAL
Michael Ho, Public Works Director Kristin Griffith, City Manager
RECOMMENDATION
Staff recommends that the City Council take the following actions:
1. Approve a Settlement Agreement and Mutual Release (Settlement Agreement) with Republic Waste Services of Southern California (Brea Disposal) and Republic Services, Inc. (Republic Services), and;
2. Approve Amendment No. 1 to the Second Amended and Restated Franchise Agreement with Brea Disposal, and;
3. Authorize the Mayor to execute the documents.
BACKGROUND/DISCUSSION
On March 18, 2025, the City Council approved a Second Amended and Restated Franchise Agreement with Brea Disposal. The Franchise Agreement includes requirements that Brea Disposal provide expense reimbursements for the City and credits to customers when service is disrupted due to labor unrest. Additionally, the Franchise Agreement allows the City to assess liquidated damages when performance standards are not met. Republic Services, as parent company of Brea Disposal, filed a Corporate Guaranty to guarantee Brea Disposal’s performance of the Franchise Agreement.
In July 2025, nationwide labor unrest by Republic Services employees resulted in service disruptions in numerous jurisdictions including for Brea Disposal customers. In September 2025, the City issued Brea Disposal an invoice for expense reimbursements, customer credits, and liquidated damages relating to this service disruption. Brea Disposal paid the expense reimbursements and customer credits in full but disputed the liquidated damages assessment. In November 2025, the City filed a demand with Republic Services for payment under the Corporate Guaranty. Republic Services rejected that demand. A Settlement Agreement and Franchise Agreement amendment have been negotiated to resolve this dispute, establish a labor unrest contingency plan, and clarify when the City may assess Brea Disposal for liquidated damages for a service disruption resulting from labor unrest by Republic Services employees.
Settlement Agreement
The Settlement Agreement (Attachment A) will be executed by the City, Brea Disposal, and Republic Services. The key provisions are:
Each party releases claims related to the July 2025 service disruption and the City’s demand on the Corporate Guaranty.
Brea Disposal pays $1,000,000 to the City.
Franchise Agreement Amendment
The Franchise Agreement amendment (Attachment B) will be executed by the City and Brea Disposal. The amendment will revise the labor disputes provision (Section 12.7.B.2) to state that:
Brea Disposal is excused from performance of the services, and is not subject to liquidated damages, if there is a service disruption due to labor unrest by Republic Services employees, and Brea Disposal has timely and fully performed the City-approved labor unrest contingency plan.
Brea Disposal is subject to liquidated damages if there is a service disruption due to labor unrest by Republic Services employees, and Brea Disposal has not strictly performed the City-approved labor unrest contingency plan.
The City may assess liquidated damages even if Brea Disposal has failed to satisfy just one requirement of the City-approved labor unrest contingency plan.
The amendment will also add a new Exhibit P to the Franchise Agreement to set forth a City-approved labor unrest contingency plan that Brea Disposal must perform to avoid a liquidated damages assessment. The plan includes requirements for the following:
Service disruption notifications within two days of the start of the service disruption Daily robocalls to Brea customers
Posting on Brea-dedicated webpage
Contingency drivers
One driver within two days of the start of the service disruption Two drivers are starting on the eighth day of service disruption Three drivers starting on the fifteenth day of service disruption Five drivers starting on the twenty-second day of service disruption Roll-off boxes within two days of the start of the service disruption Five 40-yard roll-off boxes shall be placed at City-designated locations Boxes shall be serviced as necessary
Boxes shall be monitored from 5 p.m. to 8 a.m.
Plastic bag distribution within two days of the start of the service disruption 10,000 30-gallon bags shall be distributed at City-designated locations On-call cleaning to ensure the City remains compliant with the NPDES permit Daily logs of services and missed pick-ups
Service restoration notification within two days of the conclusion of the labor unrest incident Robocalls to Brea customers
Posting on Brea-dedicated webpage
Post-service disruption summary report
FISCAL IMPACT/SUMMARY
Brea Disposal previously reimbursed the City for expense reimbursements totaling $5,811 and customer credits totaling $64,874.72 related to the July 2025 service disruption. Approval of the Settlement Agreement will secure a $1,000,000 settlement payment to the City from Brea Disposal. Approval of the Franchise Agreement amendment will establish a contingency plan for Brea Disposal to implement in order to mitigate the impacts of any future service disruptions resulting from labor unrest by Republic Services employees. The Franchise Agreement will also clarify the circumstances under which the City may, or may not, assess liquidated damages against Brea Disposal for a service disruptions caused by such labor unrest. The settlement proceeds will offset the existing receivable in the Sanitation and Street Sweeping Fund 440-1128 for $672,635.84, with the remaining balance of $327,364.16 deposited into the refunds/recover account 440-00-0000 3729.
Attachments
Attachment A - Settlement Agreement.pdf
Attachment B - Franchise Agreement Amendment.pdf
Attachment C - Redline to Franchise Agreement.pdf
ATTACHMENT A
1 of 7
Settlement Agreement and Mutual Release
3226199.3
SETTLEMENT AGREEMENT
AND MUTUAL RELEASE
This Settlement Agreement and Mutual Release (“Settlement Agreement”) is executed on May 19, 2026 (the “Effective Date”) and entered into among the City of Brea (the “City”), a California municipal corporation, and Republic Waste Services of Southern California, LLC (“Contractor”), a Delaware liability company that does business as Brea Disposal, and Republic Services, Inc. (“Guarantor”), a Delaware corporation. The City, Contractor, and Guarantor may be referred to collectively as “Parties” or singularly as “Party” in this Settlement Agreement. In consideration of their respective promises, representations, warranties, and/or undertakings, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
RECITALS
A. The City and Contractor executed a certain Second Amended and Restated Franchise Agreement, dated March 18, 2025 (the “Second Amended Agreement”). The Second Amended Agreement was guaranteed by Guarantor for the benefit of the City by a certain Corporate Guarantee, dated March 13, 2025 (the “Guaranty”).
B. In July 2025, a labor disruption occurred that affected Contractor’s services and the City’s residents (the “Labor Strike”).
C. On September 23, 2025, the City sent to Contractor an invoice for liquidated damages, expense reimbursements, and customer credits relating to the Labor Strike. Contractor paid in full the invoiced amounts relating to expense reimbursements and customer credits but disputed the City’s liquidated damages assessment.
D. On November 6, 2025, the City delivered a formal notice and demand on the Guaranty to Guarantor, demanding remittance of payment for the City’s liquidated damages assessment (the “Guaranty Demand”). Guarantor disputed and contested the City’s demand for liquidated damages, as well as the City’s allegations regarding the Second Amended Agreement and the Labor Strike.
E. The Parties desire to settle all disputes and claims among them, asserted or not, arising out of and relating to the Labor Strike and the Guaranty Demand (the “Dispute”). To that end, the Parties have entered into this Settlement Agreement in order to fully and finally resolve the Dispute among them according to the terms, conditions, and provisions hereof.
2 of 7
Settlement Agreement and Mutual Release
3226199.3
TERMS AND CONDITIONS
I. RELEASES.
A. In consideration of the promises contained in this Settlement Agreement, the City, and all of its officers, employees, attorneys, principals, owners, partners, agents, representatives, heirs, and assigns (the “Releasing City Parties”) fully release Contractor and Guarantor (and all of their respective officers, directors, agents, representatives, employees, partners, shareholders, members, attorneys, predecessors, successors, parents, subsidiaries, affiliates, and assigns) from any and all liability, including but not limited to claims, demands, damages, obligations, actions, or causes of action of any kind, known or unknown, whether now existing or accruing after the date of this Settlement Agreement, including costs and attorneys’ fees arising out of, relating to, or in connection with the Dispute, and any other claims or matters that could have been alleged in the Dispute (the “Released City Claims”).
B. Contractor and Guarantor, and all of their respective officers, directors, agents, representatives, employees, partners, shareholders, members, attorneys, predecessors, successors, parents, subsidiaries, affiliates, and assigns (the “Releasing Contractor/Guarantor Parties”) fully release the City (and all of its officers, employees, attorneys, principals, owners, partners, agents, representatives, heirs, and assigns) from any and all liability, including but not limited to claims, demands, damages, obligations, actions, or causes of action of any kind, known or unknown, whether now existing or accruing after the date of this Settlement Agreement, including costs and attorneys’ fees arising out of, relating to, or in connection with the Dispute, and any other claims or matters that could have been alleged in the Dispute (the “Released Contractor/Guarantor Claims”).
C. The Released City Claims and the Released Contractor/Guarantor Claims may be referred to collectively as the “Released Claims” in this Settlement Agreement.
D. Nothing in this Section I shall be construed as releasing (a) any claims arising under this Settlement Agreement or (b) any future claims based on conduct occurring after the date of this Settlement Agreement.
E. As of the Effective Date, the Releasing City Parties shall be deemed to have fully, finally, and forever waived, released, and discharged each and every one of the Released City Claims against Contractor and/or Guarantor and shall forever be barred and enjoined from commencing, instituting, prosecuting, or maintaining any and all of the Released City Claims against Contractor and/or Guarantor. As of the Effective Date, the Releasing Contractor/Guarantor Parties shall be deemed to have fully, finally, and forever waived, released, and discharged each and every one of the Released Contractor/Guarantor Claims against the City and shall forever be barred and enjoined 3 of 7
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from commencing, instituting, prosecuting, or maintaining any and all of the Released Contractor/Guarantor Claims against the City. The Releasing City Parties and the Releasing Contractor/Guarantor Parties hereby expressly waive and relinquish any and all claims, rights, or benefits that they may have under laws, including but not limited to California Civil Code section 1542, that purport to exempt unknown claims from a general release as follows:
A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE
CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT
TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING
THE RELEASE AND THAT, IF KNOWN BY HIM OR HER, WOULD
HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH
THE DEBTOR OR RELEASED PARTY.
In connection with such waiver and relinquishment, the Releasing City Parties and the Releasing Contractor/Guarantor Parties hereby acknowledge that they or their attorneys may hereafter discover claims or facts in addition to, or different from, those which they now know or believe to exist, but that the Releasing City Parties and the Releasing Contractor/Guarantor Parties expressly agree to fully, finally, and forever settle and release any and all such claims within the scope of the releases set forth above.
II. PAYMENT TO THE CITY.
For complete settlement of the Dispute, Contractor, will pay a single payment of One Million Dollars and 00/100 Cents ($1,000,000.00), which represents complete settlement of disputed amounts owed to the City for any alleged damages, fees (whether attorneys’ or other fees), or costs. Contractor shall provide this payment within thirty (30) calendar days after the full execution of this Settlement Agreement and after their counsels’ receipt of an IRS Form W-9 from the City. The payment shall be made via wire transfer. Contractor and Guarantor also agree to waive any and all costs and attorneys’ fees in this matter and will not pursue such costs or fees from the City or its attorneys and firms.
III. ACTIONS BY THE PARTIES.
In connection with the full execution of this Settlement Agreement, the City and Contractor will enter into and execute a certain Amendment No. 1 to the Second Amended Agreement (the “Amendment”), attached here to as Exhibit 1.
IV. NO ADMISSION OF LIABILITY
It is expressly understood and agreed that no recital, term, or condition, nor the execution of this Settlement Agreement, shall be construed as any admission of liability 4 of 7
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of any person, firm, or corporation. Rather, the Parties to this Settlement Agreement are settling and compromising disputed claims.
V. NOTICE.
Any notice required under this Settlement Agreement will be delivered in accordance with this Section.
If to Contractor and/or Guarantor, via overnight delivery or email to:
Meridyth M. Andresen
Aileen M. Hunter
Bryan Cave Leighton Paisner LLP
1920 Main Street, Suite 1000
Irvine, California 92614
Email: [email protected], [email protected] and via overnight delivery to:
Republic Services, Inc.
Chief Legal Officer
5353 E. City North Drive
Phoenix, Arizona 85054
If to the City, via overnight delivery or email to:
City of Brea
Attention: City Manager
1 Civic Center Circle
Brea, California 92821
[email protected]
and to:
Richards, Watson & Gershon
1 Civic Center Circle
Post Office Box 1059
Brea, California 92822-1059
Attention: City Attorney
Email: [email protected]
Each Party shall provide the other Parties with written notice, via certified mail or overnight delivery, if the foregoing contact information for notice changes. 5 of 7
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VI. GENERAL TERMS AND PROVISIONS.
a. No Prior Assignment.
Each Party represents and warrants to the other Party that it has not previously assigned or transferred, or purported to transfer, to any person or entity any claim or other matter released by it in this Settlement Agreement.
b. Authority to Execute.
Each person signing this Settlement Agreement represents and warrants that he or she is authorized to sign on behalf of and to bind himself, herself, or the stated entity. If the Party is a corporation, limited liability company, or other business entity, the person signing warrants and represents that he or she has authority to sign this Settlement Agreement on behalf of the entity.
c. Choice of Law and Forum.
This Settlement Agreement shall be governed by and construed in accordance with the laws of the State of California without regard to conflict of law principles. The sole and exclusive jurisdiction and forum for any action to enforce this Settlement Agreement shall be either the Superior Courts of the State of California or the United States District Court for the Central District of California. The Parties consent to jurisdiction in Orange County, California, for the purposes of any such action to enforce this Settlement Agreement and expressly waive the benefits of any statute, rule, or other authority, including those relating to venue, forum non-conveniens, or case transfer that otherwise might give them the ability to argue that any such action should be heard in some court other than those identified in this paragraph.
d. Entire Agreement.
This Settlement Agreement constitutes the entire agreement between the Parties relating to the Dispute. It supersedes all prior oral and written agreements regarding or relating to the allegations in the Dispute, and the negotiation and terms of this Settlement Agreement. No promise or inducement has been offered that is not expressly set forth in this Settlement Agreement. Any amendments to this Settlement Agreement must be in writing, signed by the Parties, and must state that the Parties intend to amend the Settlement Agreement.
e. Partial Invalidity.
The invalidity or unenforceability of any provision of this Settlement Agreement shall have no effect on the validity or enforceability of any other provision of this Settlement Agreement. In the event of the invalidity or unenforceability of any provision of this Settlement Agreement, the Parties shall jointly petition a court of competent jurisdiction to revise this Settlement Agreement so as to render it enforceable while still 6 of 7
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retaining to the greatest extent possible the intent of the Parties, as such intent is determined by such court.
f. Consultation with Counsel.
In executing this Settlement Agreement, each of the Parties acknowledges that it consulted with and received advice from its attorneys to the extent desired. Each Party declares that it has executed this Settlement Agreement freely and voluntarily, with full knowledge of all material facts after independent investigation and without fraud, duress, or undue influence of any kind, and that it has read this Settlement Agreement and fully understands each and every provision of it. The Parties acknowledge and agree that they have not relied upon any promises, representations or the advice of any other Party or that Party’s lawyer. Each Party is solely responsible for seeking independent consultation on all matters relating to this Settlement Agreement, including any tax implications of the settlement.
g. Negotiated Agreement.
This Settlement Agreement was the product of negotiations engaged in by all Parties, and the provisions contained in this Settlement Agreement shall be given their plain and reasonable meaning, and shall not be construed against any drafter. h. Subsequent Execution of Documents and Other Acts.
The Parties agree to execute all documents, including the Amendment, and to take all reasonable actions (directly and through their attorneys) that are necessary or helpful to effectuate the purposes of this Settlement Agreement. i. Execution.
The Parties agree that this Settlement Agreement may be executed in one or more counterparts. The Parties further agree that the signature pages of the various counterparts may be collected with one copy of the balance of the Settlement Agreement, which together with all collected and signed signature pages shall constitute a true and correct copy of this Settlement Agreement. The Parties further agree that photocopies or facsimile copies of this Settlement Agreement (including of signature pages) may be used in place of originals for any and all purposes.
j. Titles and Captions.
Paragraph titles or captions contained in this Settlement Agreement are inserted only as a matter of convenience and for reference. They in no way define, limit, extend, or describe the scope of this Settlement Agreement or any provision within it.
All of the above is agreed and accepted and is effective upon the signing of this Settlement Agreement by all persons or entities for whom signature spaces are provided. 7 of 7
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REPUBLIC WASTE SERVICES OF
SOUTHERN CALIFORNIA, LLC
By: ___________________________
Date: ___________________________
REPUBLIC SERVICES, INC.
By: ___________________________
Date: ___________________________
CITY OF BREA
By: _______________________________
Date: ____________________________
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3226199.3
EXHIBIT 1
Form of Amendment No. 1 to Second Amended and Restated Franchise Agreement (attached)
ATTACHMENT B
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3219700.10
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED FRANCHISE AGREEMENT
This Amendment No. 1 (“First Amendment”) to the March 18, 2025 Second Amended and Restated Franchise Agreement (“Agreement”) executed by the City of Brea (“City”), a California municipal corporation, and Republic Waste Services of Southern California, LLC (“Contractor”), a Delaware limited liability company (which is a wholly owned subsidiary of Republic Services, Inc. and does business as Brea Disposal), is dated May 19, 2026 for reference purposes.
R E C I TA L S
A. The parties executed the Agreement to amend and restate their prior franchise agreement, and to incorporate provisions of a commercial organics recycling program agreement, in order to memorialize their respective rights and obligations in a single document that facilitates implementation of new programs mandated by state law.
B. The parties desire to (i) add a labor unrest contingency plan; and (ii) clarify when City can, and cannot, assess liquidated damages in connection with a service disruption resulting from labor unrest by Contractor’s employees.
NOW, THEREFORE, the parties agree as follows:
1. Amendment of Article 12. Section 12.7.B.2 of Article 12 (Default and Remedies) of the Agreement is amended to read as follows:
“2. Contractor Labor Disruptions.
a. Contractor shall advise City in writing at the time any negotiations are undertaken between Contractor and its employees relating to wages and benefits, and Contractor shall regularly report the status of such negotiations from time to time including any pending strike, lock out, walk out, boycott, or other labor dispute to City. Contractor shall notify City within 24 hours of a notice from a labor union of a possible work stoppage. b. The disruption of Contractor’s services caused by labor unrest conducted by Contractor’s employees or directed at Contractor shall not be grounds for a liquidated damages assessment pursuant to Section 12.6 if Contractor has timely and fully performed the contingency plan set forth in the attached Exhibit P. The parties intend that Contractor shall be excused from liquidated damages for such a service disruption only if Contractor has strictly performed the contingency plan. Contractor acknowledges that substantial compliance is unacceptable and that City may assess liquidated damages for such a service disruption even if Contractor has failed to satisfy just one requirement of the contingency plan. City agrees that if Contractor timely and fully complies with the contingency plan set forth in the attached Exhibit P, Contractor is excused from performance and City shall not assess liquidated damages. In the event Contractor is subject to liquidated damages for such a service disruption, assessments may be made for every category in Section 12.6.C that is applicable to the particular incident or the noncompliance with the contingency plan (or both).
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3219700.10
c. Contractor shall reimburse City for direct third-party costs (including attorney’s fees) incurred by City as a result of the labor unrest. Payment shall be made within 30 days following Contractor’s receipt of an invoice from City for such costs. d. Contractor shall provide rebates to customers in accordance with the attached Exhibit N.”
2. Addition of Exhibit P. The attached Exhibit P is added to the Agreement and incorporated by reference.
3. Counterparts. This First Amendment may be executed in any number of counterparts, each of which shall be deemed an original and all of which taken together shall constitute one and the same document.
4. Preservation of Agreement. Except as expressly modified or supplemented by this First Amendment, all of the provisions of the Agreement shall remain unaltered and in full force and effect. In the event of a conflict between the provisions of this First Amendment and the provisions of the Agreement, the provisions of this First Amendment shall control. [SIGNATURES ON FOLLOWING PAGE]
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3219700.10
TO EXECUTE THIS FIRST AMENDMENT, the parties have caused their authorized representatives to sign below.
CONTRACTOR
Republic Waste Services of Southern California, LLC
____________________________________
Peter Besada, General Manager
Approved as to form:
____________________________________
Aileen Hunter
Bryan Cave Leighton Paisner LLP
CITY
City of Brea
____________________________________
Cecilia Hupp, Mayor
AƩest: Approved as to form:
____________________________________ ____________________________________ Victoria Popescu, City Clerk Terence Boga, City AƩorney
EXHIBIT P
LABOR UNREST CONTINGENCY PLAN
Page P-1
3219700.10
Contractor shall implement the following conƟngency plan for each incident of labor unrest conducted by Contractor’s employees or directed at Contractor. For purposes of this Agreement, labor unrest includes:
economic strikes, sympathy strikes, and unfair pracƟce strikes; pickeƟng; sick-outs; work slowdowns and stoppages; and other concerted job acƟons.
1. Contact List. On the start day of the service disruption Contractor shall provide City with a list of non-union, supervisor and manager staff who may be contacted for specific issues related to the disruption.
2. Service Disruption Notifications.
Within 48 hours of the start of an incident of labor unrest, Contract shall do the following:
A. Contractor shall issue the following notification to all Brea customers via robocall each day of the service disruption:
“Hello, this is Republic Services. We want to inform you that due to a labor stoppage, there will be delays in waste collection services in your area. We are actively working to resolve this situation and resume normal service as quickly as possible. We understand the frustration of the delay in service, and we appreciate your patience. If you have questions, you can reach out directly to Republic Services at 714-238-3300 or 800-700- 8610.”
B. Contractor shall display the following notification on its Brea-dedicated webpage each day of the service disruption:
“Due to a labor stoppage, there will be delays in waste collection services in the City of Brea. We are actively working to resolve this situation and resume normal service as quickly as possible. We understand the frustration of the delay in service, and we appreciate your patience. If you have questions, you can reach out directly to us at 714- 238-3300 or 800-700-8610.”
C. Contractor shall convey the following message to customers who call in with complaints about the service disruption:
“We are actively working to resolve this situation and resume normal service as quickly as possible. We understand the frustration of the delay in service, and we appreciate your patience."
3. Customer Priority List. Within one day of the start of the service disruption Contractor shall provide City with a Brea customer priority list that identifies customer name, address, and service level. Such list shall be consistent with the following priorities:
A. Hospitals, essential services, restaurants, and other six service days per week customers.
B. Commercial customers.
C. Residential customers.
Page P-2
3219700.10
D. City facilities.
4. Contingency Drivers. Within 48 hours of the start of the service disruption Contractor shall deploy 1 contingency driver to serve Brea customers. If the service disruption has not ended within seven days, then starting on the eighth day Contractor shall deploy a minimum of 2 contingency drivers to serve Brea customers. If the service disruption has not ended within 14 days, then starting on the fifteenth day Contractor shall deploy a minimum of 3 contingency drivers to serve Brea customers. If the service disruption has not ended within 21 days, then starting on the twentysecond day Contractor shall deploy a minimum of 5 contingency drivers to serve Brea customers.
Contingency drivers shall serve Brea customers in accordance with the customer priority list and shall prioritize Brea collection services as follows:
A. Solid waste.
B. Organic materials.
C. Recyclable materials.
5. Roll-Off Box Placements. Within two days of the start of the service disruption Contractor shall place a minimum of five 40-yard roll-off boxes, or other containers of equivalent capacity, at Citydesignated locations to serve as collection points for Brea customers. Contractor shall service the roll-off boxes as necessary. Contractor shall provide video surveillance conducted by a third party contractor of each roll-off box from 5pm to 8am during the service disruption unless a particular roll-off box is at a location monitored by City’s Integrated Crime Center.
6. Plastic Bag Distribution. Within two days of the start of the service disruption Contractor shall distribute 10,000 30 gallon plastic bags at City-designated locations and times for complimentary use by Brea customers.
7. On-Call Cleaning. Contractor shall maintain personnel available to respond to service requests from City for cleaning and/or pressure washing of waste enclosures or designated service areas to prevent spills, leaks, or other activity that may result in an NPDES permit violation. Contractor’s qualified representative shall be on-site with necessary equipment and supplies within forty-eight hours of a request from City and shall diligently perform the cleaning and/or pressure washing to completion.
8. Service Logs. Contractor shall maintain a daily service log that identifies: 1) the account, 2) the material services, and 3) the date of missed service. A copy of such logs shall be provided to City within ten business days of the end of the service disruption.
9. Missed Pickups Logs. Contractor shall maintain a daily missed pickup log that identifies: 1) the account, 2) the material services, and 3) the date of missed service. A copy of such logs shall be provided to City within ten business days of the end of the service disruption.
10. Complaint Logs. Contractor shall receive customer complaints on its call center and website without interruption and shall maintain daily customer complaint logs in accordance with Section
5.8.A.3.b. of this Agreement. A copy of such logs shall be provided to City within ten business days of the end of the service disruption.
11. Service Restoration Notifications.
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3219700.10
Within 48 hours of the conclusion of an incident of labor unrest, Contract shall do the following:
A. Contractor shall issue the following notification to all Brea customers via robocall on the end day of the service disruption:
“Hello, this is Republic Services. This message is to inform you that the labor stoppage has ended and we are initiating recovery efforts of waste collection services across the City of Brea. We appreciate your patience as we actively work to resolve the impacts of the labor stoppage. If you have any questions, you can reach out directly to Republic Services at 714-238-3300 or 800-700-8610.”
B. Contractor shall display the following notification on its Brea-dedicated webpage on the end day of the service disruption:
“The labor stoppage has ended and we are initiating recovery efforts of waste collection services across the City of Brea. We appreciate your patience as we actively work to resolve the impacts of the labor stoppage. If you have any questions, you can reach out directly to Republic Services at 714-238-3300 or 800-700-8610.”
12. Summary Report. Contractor shall prepare a summary report that that identifies: 1) the account, 2) the material services, 3) the date of missed service, and 4) date of recovery. Such report shall be provided to City within ten business days of the end of the service disruption.
ATTACHMENT C
12.7 Excuse from Performance
B. Labor Disputes.
2. Contractor Labor Disruptions.
a. Contractor shall advise City in writing at the time any negotiations are undertaken between Contractor and its employees relating to wages and benefits, and Contractor shall regularly report the status of such negotiations from time to time including any pending strike, lock out, walk out, boycott, or other labor dispute to City. Contractor agrees that in the event service is disrupted due to a labor dispute, Contractor shall place a minimum of five 40-yard roll-off boxes or other containers of equivalent capacity at locations designated by City to serve as collection points for customers within two days of such service interruption.
Contractor also shall procure and distribute plastic bags for use by customers. City shall specify distribution locations, and may create the schedule for Contractor distribution. Contractor shall notify City within 24 hours of a notice from a labor union of a possible work stoppage.
Containers shall be collected by Contractor for no additional charge as necessary to accommodate the waste volume disposed in such containers.
b. During labor unrest (including strike, work stoppage or slowdown, sickout, picketing, or other concerted job action) conducted by Contractor's employees or directed at Contractor the following provisions shall apply. i. Contractor shall be excused from performance only to the extent that the following requirements are met:
A. Within 90 days of the Effective Date, Contractor provides City a lawful and commercially reasonable contingency
plan demonstrating how services will be provided during the period of labor unrest. The contingency plan is
subject to City approval and Contractor shall amend the plan until it meets City requirements, including
reasonably demonstrating how City’s basic collection
and sanitary needs will be met to City’s satisfaction.
B. Contractor shall meet all requirements of the approved contingency plan.
iib. The disruption of Contractor’s services caused by labor unrest conducted by Contractor’s employees or directed at Contractor shall not be grounds for a liquidated damages assessment pursuant to Section 12.6 if Contractor has timely and fully performed the contingency plan set forth in the attached Exhibit P. The parties intend that Contractor shall be excused from liquidated damages for such a service disruption only if Contractor has strictly performed the contingency plan. Contractor -2-
acknowledges that substantial compliance is unacceptable and that City may assess liquidated damages for such a service disruption even if Contractor has failed to satisfy just one requirement of the contingency plan. City agrees that if Contractor timely and fully complies with the contingency plan set forth in the attached Exhibit P, Contractor is excused from performance and City shall not assess liquidated damages. In the event Contractor is subject to liquidated damages for such a service disruption, assessments may be made for every category in Section
12.6.C that is applicable to the particular incident or the noncompliance with the contingency plan (or both).
c. Contractor shall reimburse City for direct third-party costs (including attorney’s fees) incurred by City as a result of the labor unrest. Payment shall be made within 30 days following Contractor’s receipt of an invoice from City for such costs.
iiid. Contractor shall provide rebates to customers in accordance with the attached Exhibit N.
CITYofBREA
City Council Regular Meeting
Communication
May 19, 2026
Item No. 2D.
Approval of Amended and Restated NPDES Stormwater Permit Implementation Agreement
TO PREPARED BY
Honorable Mayor and City Council Members Brian Ingallinera, Environmental Services Coordinator
DEPARTMENT HEAD APPROVAL CITY MANAGER APPROVAL
Michael Ho, Public Works Director Kristin Griffith, City Manager
RECOMMENDATION
Staff recommends the City Council take the following actions:
1. Approve the Amended and Restated National Pollutant Discharge Elimination System (NPDES) Stormwater Permit Implementation Agreement ("Agreement") between the County of Orange, Orange County Flood Control District (District), and participating Orange County cities (collectively called Permittees); and
2. Authorize the Mayor to execute the Agreement and any related documents necessary to implement the terms of the Agreement.
BACKGROUND/DISCUSSION
The City is a Permittee under the Municipal Separate Storm Sewer System (MS4) permits issued by the California Regional Water Quality Control Board (Santa Ana Region). The original NPDES Stormwater Permit Implementation Agreement (D90-094), which was executed in 1990 and amended in 1993 and 2002 (D02-048), established a cooperative framework for implementing the Orange County Stormwater Program to meet MS4 permit requirements and improve surface water quality. The Agreement allowed for collaboration, consistency, and cost sharing of regional compliance strategies, municipal staff training, watershed monitoring and reporting efforts, and other MS4 program elements required of each of the Permittees.
While the current Agreement has achieved many significant water quality improvements to local beaches and inland waters, state regulatory requirements issued through the MS4 permits have changed significantly since the Agreement was last updated. Watershed-specific water quality priorities have become increasingly complex requiring targeted solutions including structural treatment projects to meet ongoing and forthcoming compliance requirements. The proposed Agreement restates and updates the original Agreement to reflect current regulatory requirements, administrative practices, and programmatic needs. It continues the collaborative approach among the Permittees to implement regional stormwater management strategies, but it also provides added flexibility in designing and developing watershed-specific strategies, programs, and projects using corresponding shared cost sub-budget scales. As part of the shared cost budget approval process, the amended and restated Agreement also formalizes the consultation process with the Orange County City Managers Association (OCCMA) each year, which updates and improves the existing annual budget collaboration process already implemented with OCCMA.
The shared cost budget that is developed annually for this Agreement maintains the existing cost sharing formula approach based on land area and population for the unincorporated County and 34 Orange County cities, with the District contributing 10% of the overall cost. For sub-budgets allowed under this Agreement that do not apply to all the Permittees, this same cost sharing formula approach would be applied for the participating Permittees.
Examples of the types of geographic areas that a sub-budget could apply include: across an MS4 permit area, watershed level, or sub-watershed scales.
Key provisions of the amended and restated Agreement include:
Continued designation of the County as the administrator of the regional Orange County Stormwater Program.
Clarification of responsibilities for each Permittee, including compliance reporting, monitoring, and implementation of Best Management Practices (BMPs).
Engagement with the OCCMA for strategic input on compliance and funding.
Provides an updated collaborative review process for annual operating budgets, including allowing for new sub-budgets to be established with smaller groups of Permittees to support development of targeted water quality projects and programs.
Continues the existing cost sharing formula between Permittees based on land area and population, with the District contributing 10% and the County and Cities sharing the remaining 90% for the annual operating budget countywide. For new sub-budgets, the same approach will be used to share costs amongst those participating agencies.
COMMISSION/COMMITTEE RECOMMENDATION
The Finance Committee reviewed this item at their May 12, 2026 meeting and recommended for City Council approval.
FISCAL IMPACT/SUMMARY
The City’s financial contribution will be calculated annually based on its proportional share of land area and population as outlined in the Agreement. Costs will be included in the City’s annual budget for stormwater compliance.
Attachments
Stormwater Implementation Agreement.pdf
1 AMENDED AND RESTATED NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM
STORMWATER PERMIT IMPLEMENTATION AGREEMENT
This AMENDED AND RESTATED NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM STORMWATER PERMIT IMPLEMENTATION AGREEMENT (“AGREEMENT”), for purposes of identification numbered [D02-048], and which may be alternatively referred to as the “OC Stormwater Program Implementation Agreement,” is entered into this ____ day of _________, 2026, by the County of Orange, (herein called the COUNTY), the Orange County Flood Control District (herein called DISTRICT) and the cities of Aliso Viejo, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, Lake Forest, La Habra, La Palma, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster, and Yorba Linda (herein called CITIES).
The COUNTY, DISTRICT, and CITIES may be referred to collectively as PERMITTEES or individually as PERMITTEE, COUNTY, DISTRICT, or CITY, respectively, in this AGREEMENT.
RECITALS
WHEREAS, the United States Congress in 1987, through the Water Quality Act, amended Section 402 of the Clean Water Act (33 U.S.C.A. 1342(p)) to require the United States Environmental Protection Agency (“EPA”) to promulgate regulations for permitting stormwater discharges; and
WHEREAS, EPA regulations require National Pollutant Discharge Elimination System (“NPDES”) permits for discharges from a municipal separate storm sewer system (“MS4”)(herein after called MS4 permits), and further require MS4 permits to include requirements to control pollutants from stormwater discharges; and WHEREAS, in 1927, the Orange County Flood Control Act created the DISTRICT 2 to provide for the control of flood and stormwater and protect from damage from those flood or stormwater, the harbors, waterways, public highways, and property within the DISTRICT’s jurisdiction; and
WHEREAS, the powers granted to the DISTRICT include the authority to regulate discharges that threaten to impact its system and carry on technical and other investigations, examinations, or tests of all kinds, making measurements, collecting data, and making analyses, studies, and inspections pertaining to water supply, control of floods, use of water, water quality, nuisance, pollution, waste, and contamination of water, both within and without the DISTRICT; and
WHEREAS, the California State Water Resources Control Board (“SWRCB”), as designee of the EPA, has delegated authority to the California Regional Water Quality Control Boards-Santa Ana Region (“RWQCB-SAR”) and San Diego Region (“RWQCB-SDR”)(collectively, the RWQCBs) for administration of MS4 permits within the boundaries of their regions; and
WHEREAS, the COUNTY, DISTRICT, and CITIES are PERMITTEES under MS4 permits issued by the RWQCBs; and
WHEREAS, the RWQCBs have designated the COUNTY as the Principal PERMITTEE or Principal Watershed Co-permittee, as defined in the MS4 permits; and WHEREAS, the COUNTY, the DISTRICT and the CITIES previously entered into that certain agreement entitled National Pollutant Discharge Elimination System Stormwater Permit Implementation Agreement D90-094, on December 18, 1990, which was subsequently amended on October 26, 1993 by Amendment No. 1 and then on June 25, 2002 (the December 18, 1990 Agreement as Amended by Amendment No. 1 and the June 25, 2002 amendment will be referred to collectively hereinafter as the ORIGINAL AGREEMENT), to cooperatively develop, and did thereunder develop, an integrated stormwater runoff management program with the objective of fulfilling MS4 permit requirements and improving water quality in Orange County (program 3 referred to herein as the “OC Stormwater Program”); and WHEREAS, Section X of the ORIGINAL AGREEMENT provides that the ORIGINAL AGREEMENT may be amended by consent of a majority of the PERMITTEES which represent a majority of the percentage contributions as described in Section IV of the ORIGINAL AGREEMENT; and
WHEREAS, continued cooperation between the CITIES, the COUNTY, and the DISTRICT to jointly implement the OC Stormwater Program to fulfill prior, new, and potential future MS4 permit requirements, to the extent feasible, is in the best interests of the CITIES, the COUNTY, and the DISTRICT; and WHEREAS, the PERMITTEES now desire to restate and amend the ORIGINAL AGREEMENT, as reflected and set forth in this AGREEMENT.
NOW, THEREFORE, the PERMITTEES do mutually agree as follows:
I. FILING STATUS
The COUNTY, the DISTRICT, and each CITY have filed applications for MS4 permits as PERMITTEES. The COUNTY, the DISTRICT and each CITY is a PERMITTEE under each MS4 permit to which they are subject.
II. INCORPORATION OF FEDERAL GUIDELINES
All applicable federal and state water quality regulations and guidelines under the Federal Clean Water Act, as presently written or as changed during the term of this AGREEMENT, are hereby incorporated by reference and made a part of this AGREEMENT and take precedence over any inconsistent terms of this AGREEMENT.
III. DELEGATION OF RESPONSIBILITIES
The responsibilities of each of the parties shall be as follows:
A. The COUNTY shall be the administrator of the OC Stormwater Program and, on a cost-shared basis, perform the following functions:
1. Annual operating budgets.
a. Prepare the annual operating budget (“annual operating budget”), which shall include a work plan and associated financial plan and 4 budget. The annual operating budget is intended to provide for all programmatic functions and associated costs of the OC Stormwater Program, as outlined in this AGREEMENT and as generally described in Section V.A. Annual operating budgets and work plans may be based on RWQCB region (i.e., Santa Ana Region versus San Diego Region). The budget year shall coincide with the COUNTY's fiscal year, July 1 – June 30.
b. Consult with the Stormwater Program Representatives (as defined in Section III.C.8) when preparing annual operating budgets and major program elements therein.
c. A draft of the annual operating budget may be prepared for the PERMITTIES for review by February 15 each year. Annual operating budgets shall be submitted to the PERMITTEES for consideration and approval by May 15 of each year. Individual CITY approval shall be obtained from each CITY’s city manager or designee thereof by July 30 of each year. CITY manager designations for annual operating budget approval shall be provided in writing to the County and shall remain in effect until revoked in writing by the CITY’s city manager. An annual operating budget shall be deemed approved and adopted for the OC Stormwater Program by affirmative responses from PERMITTEES which represent a majority (50% or greater) of both the area and population percentage contribution as calculated in accordance with Section V.A (method for calculating approval percentage referred to as “Majority Approval”). The COUNTY and the DISTRICT shall represent one voting PERMITTEE with their percentage contribution equal to the total of the COUNTY and the DISTRICT as described in Section V.A. d. An approved and adopted annual operating budget shall not be 5 exceeded without prior Majority Approval of the PERMITTEES.
2. Project or watershed-specific sub-budgets.
a. In coordination with the PERMITTEES, prepare project-specific and/or watershed-specific budgets and associated work plans (collectively, “sub-budget(s)”) for the design of water quality projects and/or responding to RWQCB enforcement orders and/or other orders (e.g., California Water Code 13267 or 13383 orders). b. Sub-budgets shall be prepared and proposed on an as-needed basis, at the discretion of the COUNTY, or as requested by interested PERMITTEES, subject to concurrence of the COUNTY.
c. Each PERMITTEE willing to participate in a sub-budget will confirm participation to the COUNTY in writing. A PERMITTEE who confirms participation in a sub-budget shall be referred to herein as “PARTICIPATING PERMITTEE(s).” Sub-budgets will be subject to unanimous approval by all PARTICIPATING PERMITTEES, except that where a Participating Permittee fails to vote to approve a proposed sub-budget, such failure shall be deemed a withdrawal from the sub-budget and the withdrawing PERMITTEE shall no longer be considered a PARTICIPATING PERMITTEE and shall have no obligation to pay for or participate in the sub-budget. d. Project elements that go beyond design (e.g., construction, operation, and maintenance) shall not be provided for in subbudgets and, instead, are subject to separate agreement between the Participating Permittees.
3. Represent the OC Stormwater Program in reviews of documents, comments, and discussions with EPA, SWRCB, and RWQCBs and/or other resource agencies regarding MS4 permit requirements and related policies, programs, and regulations. The COUNTY shall timely notify the 6 PERMITTEES of any decision reached during these discussions that, in the determination of the County, substantially impacts the OC Stormwater Program.
4. Implement approved annual operating budgets and sub-budgets.
5. Working in collaboration with PERMITTEES, prepare and submit regional compliance reports as the Principal PERMITTEE, as required under the MS4 permits, and/or as designated in the approved workplans.
6. Implement the regional monitoring and reporting program elements from approved workplans for the MS4 permits, including, but not limited to, tasks to monitor and measure the effectiveness of Best Management Practices (“BMPs”). This may include monitoring and modeling.
7. Obtain, as may be required by the annual operating budget and/or subbudgets approved pursuant to this AGREEMENT, professional services, including, but not limited to, scientific, engineering, environmental, economic, and/or legal consultants to provide technical assistance for the work associated with the OC Stormwater Program. This work may include, but is not limited to, the preparation of technical or economic studies, legal analysis, watershed management plans, stormwater runoff management plans, water quality improvement plans, modeling, reasonable assurance demonstrations/reasonable assurance analyses, monitoring plans, technical reports, municipal staff training activities, and the design of structural and non-structural BMPs and strategies to prevent and/or reduce pollutants in stormwater runoff. Contracts for professional services to be funded under this AGREEMENT shall be made in conformance with the COUNTY’s procurement policies, and, to the extent there is no conflict, the following:
a. The COUNTY shall make efforts to stagger the date of issuance of new contracts for professional services, so that PERMITTEES may 7 better absorb increases in consultant fee rates.
b. For contracts for professional services that would require approval by the Orange County Board of Supervisors (as determined within the sole discretion of the COUNTY), one Stormwater Program
Representative for every two designees of the COUNTY shall be allowed to participate in any panel formed for the purpose of evaluating responses to Requests for Proposals or similar competitive solicitations submitted by potential consultants. Where any contract subject to this provision is to be extended beyond the initial term, the COUNTY shall request feedback from the Stormwater Program Representatives, regarding the consultant’s performance, prior to executing the extension. This process shall in no way impinge upon or limit the COUNTY’s discretion to enter into, amend, extend, renew, or cancel any contract for professional services for the OC Stormwater Program.
c. The COUNTY shall notify the PERMITTEES of any changes in the COUNTY’s procurement policies that significantly affect the thresholds for competitive procurement, scoring, or selection processes for contract services.
8. Implement a facility inspection program, as required by the MS4 permits, for MS4 facilities within the unincorporated areas of the County, at no cost to the CITIES.
9. Implement a facility inspection program, as required by the MS4 permits, for MS4 facilities on County-owned property used for COUNTY governmental purposes (i.e., property used for governmental functions) and located within a CITY, at no cost to the CITIES. For purposes of this section, the regional facility known as Dana Point Harbor shall be considered a Countyowned property used for governmental purposes. 8 a. To avoid confusion in the implementation of each party’s facility inspection programs, the COUNTY shall provide a list of those facilities, buildings and properties that it owns and are located within other jurisdictions (i.e. non-unincorporated properties) that the COUNTY has decided to monitor and regulate pursuant to this Section III.A.9. The County further agrees to notify the affected PERMITTEE of changes to the status of a facility.
B. The DISTRICT shall, on a cost-shared basis, except as set forth in subparagraph 2 below:
1. Perform or cause to be performed the water quality and hydrographic monitoring for compliance with MS4 permits and/or in accordance with RWQCB-approved monitoring plans and/or in the approved workplans.
2. Implement a facility inspection program, as required by the MS4 permits, for MS4 facilities located on District-owned and controlled property that is used for governmental purposes, at no cost to the CITIES.
3. Undertake or cause to be undertaken all activities required of the CITIES in Section III.C and applicable to the District.
C. The CITIES, at no cost to the Counties and the District, shall:
1. Implement a facility inspection program for its MS4 facilities, as required by the MS4 permit(s) and within the jurisdictional boundaries of that CITY.
2. Submit to the COUNTY storm drain system maps and/or data describing the type and location of its MS4 facilities with periodic revisions that reflect any modifications made as a result of land
development/redevelopment. If possible, information shall be submitted as geographical information system (“GIS”) data.
3. Support the COUNTY in the preparation of watershed characterizations and catchment prioritization efforts, including, but not limited to, by:
9 a. Identifying applicable zoning and land use designations. b. Identifying areas where sources of specific pollutants are known.
4. Upon COUNTY request, review, comment on, consider approval of, and, if approved, implement regional strategies to prevent and reduce pollutants in stormwater runoff.
5. Implement an illegal discharge detection and elimination program as required by the MS4 permit(s) to which the CITY is subject. Demonstrate adequate legal authority to control discharges to its MS4 facilities as may be required by the relevant MS4 permit(s) to which the CITY is subject.
6. Provide, as requested by the COUNTY, copies of the CITY’s jurisdictional reports, data, and any other information (in formats requested by the COUNTY, where such formats are reasonably available) to satisfy requirements in MS4 permits or other orders issued by a Regional Board or the State Board, to which the CITY is subject, provided the CITY has not otherwise challenged such order, and such challenge has not been resolved.
7. Participate in meetings convened by the COUNTY and respond to requests for information from the COUNTY, intended to obtain PERMITTEE input on matters related to this AGREEMENT and the implementation of the OC Stormwater Program.
8. Designate primary and secondary Stormwater Program Representative for matters related to this AGREEMENT and the implementation of the OC Stormwater Program. Designations shall be made by each CITY’s city manager, or designee, in writing to the COUNTY. Each designation shall remain in effect until revoked by the CITY’s city manager or designee.
Stormwater Program Representatives are intended to provide subject matter input and facilitate communication between the COUNTY and each CITY. For purposes of this AGREEMENT, a Stormwater Program 10 Representative will not be deemed to have the authority to approve annual operating budgets on behalf of a CITY, as required in Section III.A.1, unless expressly stated in the written designation provided to the COUNTY.
D. In the unincorporated areas of the COUNTY, the COUNTY shall, at no cost to the CITIES or the DISTRICT, undertake or cause to be undertaken all activities required above of the CITIES in Section III.C that are not responsibilities of the DISTRICT as outlined in Section III.B.
IV. Orange County City Manager Association Engagement
A. In lieu of the activities of the Technical Advisory Committee under the ORIGINAL AGREEMENT, the COUNTY shall endeavor to create a working relationship with the Orange County City Manager Association (“OCCMA”) or a sub-group thereof, to address issues such as MS4 permit requirements, MS4 permit compliance methods, and funding needs and strategies to facilitate regional and/or watershed-based, multi-jurisdictional project efforts.
B. At its discretion, the COUNTY, in coordination with the PERMITTEES as set forth in this AGREEMENT, may implement recommendations (or parts thereof) that OCCMA may give on OC Stormwater Program matters, including, but not limited to, potential strategies for compliance with current and anticipated future MS4 permit requirements; funding strategies and options for MS4 permit compliance efforts; and OC Stormwater Program budgeting.
Recommendations that would result in unbudgeted costs shall be subject to Majority Approval of the PERMITTEES pursuant to III.A.1.d.
C. Under no circumstances shall this Section be interpreted as a replacement or substitute for any other responsibility of CITIES or the COUNTY under this Agreement. At the COUNTY’s discretion, the Director of OC Public Works may enter into a memorandum of understanding with OCCMA to facilitate 11 procedures for OCCMA engagement under this Section. Under no circumstances shall this provision be interpreted to require any written agreement between the COUNTY and OCCMA.
V. PROGRAM COSTS
A. Annual Operating Costs.
Where not otherwise funded, the annual operating budget, including all costs of equipment, goods, COUNTY services (including, but not limited to, applicable COUNTY and COUNTY’S departmental overhead), and all professional services costs incurred by the COUNTY, and any cost of the MS4 permits, as determined by the COUNTY in its role as administrator of the OC Stormwater Program, shall be a shared cost and allocated among the COUNTY, DISTRICT, and CITIES, and paid for as follows:
Participants Percentage Contribution
DISTRICT 10
CITIES + COUNTY 90
The individual percentage contributions from each CITY and the COUNTY shall be functions of their respective dry land areas and population relative to those of the entire County of Orange. Each area shall be calculated as one-half of the sum of the area and population fractions, multiplied by 90%. National forests, state parks, airports, landfills, oceans, harbors, tidal bays, and active military installations shall be excluded from area calculations (Exhibit A-1). The contribution of the COUNTY shall be calculated from unincorporated areas and their respective populations. Should any external or alternative sources of funding become available, those funds may be directly applied to the appropriate budget(s) before the shared cost percentages are applied to the PERMITTTEES or credited to a subsequent budget.
12 Share in percent for jurisdiction #1= {(X1/Xtot) + (Y1/Ytot)}/2 x (90) X = area
Y = population
tot = total population or area
90 = total percentage excluding the DISTRICT’s contribution The percentage share shall be calculated by the COUNTY from population and area data. The population data shall be the most recent annual population estimates produced by the California Department of Finance, and area is based on the most recent OC Public Works survey data available to the COUNTY. Percentage share calculations shall be updated by May of each budget year for the budget year following and shall be included in annual operating budget proposals. Annual operating budget proposals shall be prepared based on the following percentage share computation methods, as applicable, and subject to exclusions in Exhibit A-1:
1. Countywide costs will be calculated as described in the process and formula above and subject to Exhibit A-1 for the entire group of PERMITTEES.
2. Regional costs, specific to only one RWQCB permit (Santa Ana Region and San Diego Region), will be calculated based on the process and formula above for PERMITTEES within the respective permit geographic area. For PERMITTEES that have jurisdiction in both permit regions, the regional costs will be based on the land area and prorated population for that permit geographic area.
3. Sub-budgets shall be based on the PARTICIPATING PERMITTEES and their corresponding area and prorated population total within the geographic area subject to the specific sub-budget.
4. In the event of a regulatory directive issued to PERMITTEES requiring amendment of any approved budget, the COUNTY shall provide immediate 13 notice to the included PERMITTEES and hold discussions with respect to responding to the directive and funding the immediate response. Such budget amendments shall be subject to the Majority Approval referenced in Section III.A.1.d.
5. If at any time during a budget year costs exceed the sum of the deposits for any approved budget, and prior Majority Approval for such exceedance has been obtained, the COUNTY shall submit invoices to the involved PERMITTEES to recover the deficit. The share for each PERMITTEE shall be prorated according to the formula that was initially used to apportion budget costs. Each CITY shall pay the invoice within 45 calendar days of the billing date.
6. If at any time costs exceed the sum of the deposits for any approved budget, the COUNTY may propose a budget increase and request payment by the PERMITTEES, and PERMITTEES shall pay such amount, provided the budget increase is approved in accordance with sections III.A.1.c-d or III.A.2.c of this Agreement, as may be applicable. Until such approval is obtained and sufficient deposits received, the COUNTY may, at its sole discretion, cease carrying out approved budget components so as to limit or not incur costs in excess of deposits. Nothing in this AGREEMENT shall be construed as requiring PERMITTEES to approve budget increases.
7. The COUNTY shall prepare a budget year-end accounting within 120 calendar days of the end of the budget year and present the same to the involved PERMITTEES for review. If the budget year-end accounting results in the sum of the deposits exceeding costs (net of interest earnings), the excess deposits shall carry forward to reduce the obligation of the PERMITTEES for the following budget year and prorated to the CITIES consistent with the cost-sharing population and area data 14 calculation above.
8. The COUNTY shall invoice each CITY for its annual share of each approved budget by November 30 of each budget year. Each CITY shall pay their deposit(s) within 45 calendar days of the billing date or within 45 calendar days of November 30, whichever is later. Each CITY’S deposit(s) shall be based on their prorated share(s) of the approved budget(s), reduced for any carry forward amount identified in the prior budget year-end accounting.
9. The COUNTY shall hold each CITY’s annual share of each approved budget in interest-bearing accounts and credit interest earned on each CITY’s annual share against each CITY’s share of the approved budget costs.
The COUNTY shall maintain records regarding interest earned and credited on each CITY’s annual share and provide the same to the CITIES within 120 calendar days of the end of the budget year.
10.Upon termination of this AGREEMENT, a final accounting shall be performed by the COUNTY and presented to the PERMITTEES for review. If the sum of the deposits exceeds the costs, the COUNTY shall reimburse to each CITY its prorated share of the excess, within 120 calendar days of the final accounting.
VI. LIFE OF THE AGREEMENT
The term of this AGREEMENT shall be indefinite, unless amended or terminated in accordance with this AGREEMENT.
VII. ADDITIONAL PARTIES
Any CITY which becomes incorporated after the effective date of this AGREEMENT, or requests to become a party to this AGREEMENT after previously withdrawing pursuant to Section VIII, shall be eligible to become a party to this AGREEMENT, subject to Majority Approval. In approving adding additional cities to this AGREEMENT, the PERMITTEES may 15 require such conditions of the added cities as they determine necessary or advantageous. The date of initiation, for determining costs for newly incorporated cities, shall be the date of incorporation. The costs for adding additional cities to this AGREEMENT and OC Stormwater Program including, but not limited to, permit and processing fees, as well as administrative costs incurred by the COUNTY and costs to reimburse the existing PERMITTEES for unreimbursed costs related to a previous withdrawal (if applicable), shall be calculated by the COUNTY, approved by Majority Approval of the PERMITTEES and, thereafter, invoiced by the COUNTY and paid by the added city(ies) within 45 calendar days of the billing date. Monies to be reimbursed to the existing PERMITTEES shall carry forward to reduce the billings for the following budget year.
VIII. WITHDRAWAL FROM THE AGREEMENT
A CITY may withdraw from this AGREEMENT by providing at least 60 calendar days written notice to the COUNTY. The COUNTY shall notify the PERMITTEES within 10 business days of receipt of any withdrawal notice. Neither the COUNTY nor any PERMITTEE shall be responsible for advising the withdrawing CITY of the legal, regulatory, or programmatic effects of withdrawing, nor have any continuing responsibility to the withdrawing CITY upon the effective date of the withdrawal. The withdrawing CITY shall be solely responsible for any costs the withdrawing CITY may incur related to its withdrawal, including, but not limited to, penalties assessed by RWQCBs, and or other resource agencies (e.g., EPA, CDFW, etc.) in connection with or related to its withdrawal. In addition, withdrawal shall constitute forfeiture of any deposits on hand from the withdrawing CITY, for the budget year in which the withdrawal is effective. If the effective date of a withdrawal is within 60 calendar days of the beginning of any budget year, the withdrawing CITY shall be responsible for paying its annual 16 share for the upcoming budget year as if it were still a PERMITTEE participating in this AGREEMENT but shall be eligible to receive a credit for any prospective carry forward amount of such annual share as may be contemplated by this AGREEMENT. The cost allocations to the remaining PERMITTEES participating in this AGREEMENT shall be recalculated and collected and/or credited as necessary in the budget year following the effective date of the withdrawal.
IX. NON-COMPLIANCE WITH PERMIT OR ORDER REQUIREMENTS
Each PERMITTEE shall remain solely responsible for its own acts and omissions with respect to compliance with requirements of an MS4 permit or other order of the RWQCBs or SWRCB to which it may be subject, and nothing herein shall be deemed to waive, release, or transfer any such responsibility to any other PERMITTEE. Nothing in this AGREEMENT shall be construed as an assumption by any PERMITTEE of any liability or obligation of another PERMITTEE, whether past, present, or future.
X. LEGAL ACTION/ COSTS/ ATTORNEY FEES
In the event of legal action to enforce any provision of this AGREEMENT, each party shall bear its own attorneys’ fees and costs, and no party shall seek to recover the same from any other party through litigation or other legal proceedings.
XI. AMENDMENTS TO THE AGREEMENT
This AGREEMENT may be amended with Majority Approval. The COUNTY and the DISTRICT shall represent one voting PERMITTEE with their percentage contribution equal to the total of the COUNTY and the DISTRICT as described in Section V. No amendment to this AGREEMENT shall be effective unless it is in writing and signed by the duly authorized representatives of the COUNTY and the required Majority Approval of PERMITTEES.
XII. NOTICES
17 All notices required under Section VIII shall be deemed duly given if delivered by hand (with written confirmation of receipt); via electronic mail (with confirmation of transmission); or three (3) days after deposit in the U.S. Mail, postage prepaid.
XIII. GOVERNING LAW
This AGREEMENT shall be governed and construed in accordance with laws of the State of California. If any provision or provisions of this AGREEMENT is held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not any way be affected or impaired hereby.
XIV. CONSENT TO BREACH NOT WAIVER
No term or provision hereof shall be deemed waived and no breach excused, unless such waiver or consent shall be in writing and signed by the duly authorized representative of the PERMITTEE to have waived or consented.
Any consent by any PERMITTEE to, or waiver of, a breach by the other, whether express or implied, shall not constitute a consent to, waiver of, or excuse for any other different or subsequent breach.
XV. APPLICABILITY OF PRIOR AGREEMENTS
This AGREEMENT restates and amends the provisions in prior agreements and constitutes the entire AGREEMENT between the PERMITTEES with respect to the subject matter. All prior agreements, representations, statements, negotiations, and undertakings are superseded hereby.
XVI. EXECUTION OF THE AGREEMENT
This AGREEMENT may be executed in counterparts, and the signed counterparts shall constitute a single instrument. The parties agree that this AGREEMENT may be executed and delivered by electronic means, including via email or electronic signature platforms (e.g., DocuSign, Adobe Sign), and that such electronic signatures shall be deemed to have the same legal 18 effect as original signatures. Each party agrees that electronically signed documents shall be valid, enforceable, and admissible in any legal proceeding to the same extent as a manually signed original.
XVII. NO WAIVER OF PRIVILEGE AND/OR WORK PRODUCTION PROTECTION Notwithstanding anything in this Agreement to the contrary, nothing in this AGREEMENT shall require a party to release or provide information (including any reports, communications, data, etc.) that has been deemed by that party to be subject to the attorney-client privilege, attorney work product doctrine, or any other relevant privilege and protection, including, but not limited to, any reports or information generated by a party’s consultant that was prepared in consultation with, or at the direction of, such party’s attorney or counsel of record. Nothing in this AGREEMENT shall prohibit the parties hereto from entering into future agreements, including joint defense agreements, common interest agreements, or other similar agreements to share such privileged or protected information subject to the terms and conditions of such an agreement.
19 IN WITNESS WHEREOF, the parties hereto have executed this AGREEMENT on the dates opposite their respective signatures:
ORANGE COUNTY FLOOD CONTROL DISTRICT
A body corporate and politic
By
Chairman of the Board of Supervisors
COUNTY OF ORANGE
A body corporate and politic
Date: By
Chairman of the Board of Supervisors
SIGNED AND CERTIFIED THAT A COPY OF THIS
AGREEMENT HAS BEEN DELIVERED TO THE
CHAIRMAN OF THE BOARD
Date: By
ROBIN STIELER
Clerk of the Board of Supervisors of
Orange County, California
APPROVED AS TO FORM COUNTY COUNSEL
ORANGE COUNTY, CALIFORNIA
By Julia Woo, Senior Deputy
Date:
///
///
///
20 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF ALISO VIEJO
Date: ______
ATTEST:
City Clerk
21 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF ANAHEIM
Date: ______
ATTEST:
City Clerk
22 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF BREA
Date: _________________________
ATTEST:
City Clerk
23 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF BUENA PARK
Date: ______
ATTEST:
City Clerk
24 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF COSTA MESA
Date: _____
ATTEST:
City Clerk
25 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF CYPRESS
Date: ______
ATTEST:
City Clerk
26 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF DANA POINT
Date: ______
ATTEST:
City Clerk
27 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF FOUNTAIN VALLEY
Date: ______
ATTEST:
City Clerk
28 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF FULLERTON
Date: ______
ATTEST:
City Clerk
29 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF GARDEN GROVE
Date: ______
ATTEST:
City Clerk
30 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF HUNTINGTON BEACH
Date: ______
ATTEST:
City Clerk
31 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF IRVINE
Date: ______
ATTEST:
City Clerk
32 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF LA HABRA
Date: ______
ATTEST:
City Clerk
33 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF LA PALMA
Date: ______
ATTEST:
City Clerk
34 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF LAGUNA BEACH
Date: ______
ATTEST:
City Clerk
35 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF LAGUNA HILLS
Date: ______
ATTEST:
City Clerk
36 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF LAGUNA NIGUEL
Date: ______
ATTEST:
City Clerk
37 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF LAGUNA WOODS
Date: ______
ATTEST:
City Clerk
38 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF LAKE FOREST
Date: ______
ATTEST:
City Clerk
39 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF LOS ALAMITOS
Date: ______
ATTEST:
City Clerk
40 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF MISSION VIEJO
Date: ______
ATTEST:
City Clerk
41 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF NEWPORT BEACH
Date: ______
ATTEST:
City Clerk
42 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF ORANGE
Date: ______
ATTEST:
City Clerk
43 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF PLACENTIA
Date: ______
ATTEST:
City Clerk
44 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF RANCHO SANTA MARGARITA
Date: ______
ATTEST:
City Clerk
45 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF SAN CLEMENTE
Date: _____
ATTEST:
City Clerk
46 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF SAN JUAN CAPISTRANO
Date: _____
ATTEST:
City Clerk
47 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF SANTA ANA
Date: ______
ATTEST:
City Clerk
48 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF SEAL BEACH
Date: ____
ATTEST:
City Clerk
49 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF STANTON
Date: ______
ATTEST:
City Clerk
50 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF TUSTIN
Date: ______
ATTEST:
City Clerk
51 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF VILLA PARK
Date: ______
ATTEST:
City Clerk
52 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF WESTMINSTER
Date: ______
ATTEST:
City Clerk
53 By:
Mayor
APPROVED AS TO FORM:
City Attorney
CITY OF YORBA LINDA
Date: ______
ATTEST:
City Clerk
54 EXHIBIT A - 1
DRY LAND AREA DEDUCTED FROM JURISDICTIONS
Landfills Jurisdiction
Olinda County
Santiago County
Prima Deschecha County
Bee Canyon County
Coyote Canyon County
State Parks
Bolsa Chica State Beach* Huntington Beach
Chino Hills State Park County
Corona Del Mar State Beach Newport Beach
Crystal Cove State Park** County
Doheny State Beach Dana Point
Huntington State Beach Huntington Beach
San Clemente State Beach San Clemente
Airports
Fullerton Fullerton
John Wayne County
Military facilities
Joint Forces Training Base - Los Alamitos Los Alamitos
Former MCAS Tustin*** Tustin
Seal Beach Naval Weapons Station**** Seal Beach
National Forests
Cleveland National Forest County
*Includes Bolsa Chica Ecological Preserve
**Includes Laguna Laurel Ecological Preserve
***Active military areas
****Includes Seal Beach National Wildlife Refuge
CITYofBREA
City Council Regular Meeting
Communication
May 19, 2026
Item No. 2E.
Code of Ethics, Conduct and Policies for Elected and Appointed Officials
TO PREPARED BY
Honorable Mayor and City Council Members Victoria Popescu, City Clerk
DEPARTMENT HEAD APPROVAL CITY MANAGER APPROVAL
Kristin Griffith, City Manager Kristin Griffith, City Manager
RECOMMENDATION
Staff recommends that the City Council take the following action:
Adopt the Code of Ethics, Conduct and Policies for Elected and Appointed Officials.
BACKGROUND/DISCUSSION
In October 2002, the Brea City Council adopted the Code of Ethics for Brea City Council, Commissions and Committees and a Model of Excellence Statement. Then, in April 2005, the City Council adopted a Code of Conduct for the Brea City Council. Since 2005, there have been several discussions and revisions to the Code of Conduct, most recently in 2018, 2019, 2021 and 2022. These documents together, provide basic framework in keeping with the City’s commitment to the effective functioning of government and focus on clear standards of integrity, professionalism, and compliance with state and local laws.
Currently, the Code of Conduct, Code of Ethics and Model of Excellence are all separate documents relating to the overall standards of professional conduct for the City’s elected officials and advisory bodies. In an effort to ensure consistency and to maintain one comprehensive guiding document, staff has prepared an update that merges the three (3) documents into one comprehensive Code of Ethics, Conduct and Policies for Elected and Appointed Officials (“Code”).
In addition to merging the documents, revisions to the Code also address updates in language, clean-up of formatting and typographical errors in previous versions, and most notably, the addition of certain provisions as required by Senate Bill 707 ("SB 707"). SB 707 has provided the need to revisit the Code in order to incorporate inclusions such as:
The need to provide for reasonable accommodation of the legislative body, Addressing remote public comments,
Addressing Council’s authority to remove or limit participation by disruptive individuals both for in-person and remote meeting attendees, and
Update social media use requirements.
The updated Code is included as Attachment A to this report.
FISCAL IMPACT/SUMMARY
There is no fiscal impact to the General Fund with the adoption of the Code.
Attachments
Attachment A - Code of Ethics, Conduct and Policies for Elected and Appointed Officials.pdf
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City of Brea
Code of Ethics, Conduct and Policies for
Elected and Appointed Officials
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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Table of Contents
Title Page No.
A. Ethics 3
B. Conduct 6
1. Elected and Appointed Officials’ Conduct with One Another 6
2. Elected and Appointed Officials’ Conduct with City Staff 7
3. Elected and Appointed Officials’ Conduct with the Public 9
4. Elected and Appointed Officials’ Conduct Regarding Exparte Communications 11 5. Council Conduct When Serving on Intergovernmental; Assignments with Other Public Agencies 11
6. Council Conduct with Advisory Boards 12
7. Elected and Appointed Officials’ Conduct with the Media 13 C. Sanctions 13
D. Overview of Roles and Responsibilities 14
E. Policy 17
F. Glossary of Terms 22
H. Implementation 22
APPENDIX A – Model of Excellence Member Statement 26
APPENDIX B – City Council Policy Ceremonial Recognition Items 27 APPENDIX C – Legislative Body Reasonable Accommodation Policy 30 for Remote Participation at Meetings Subject to the
Brown Act
Ethics
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Policy Purpose
The Brea City Council has adopted a Code of Ethics and Conduct for, members of the City Council, the City Treasurer and the City’s Commissions, and Committees (herein referenced as “Advisory Boards”) to assure public confidence in the integrity of local government and its effective and fair operation.
A. ETHICS
The residents and businesses of Brea are entitled to fair, ethical and accountable local government, which will instill public confidence in the fair operation and integrity of Brea’s City government. In keeping with the City of Brea’s commitment to excellence and the City Council’s commitment to ethical values while representing its residents and community, the effective functioning of democratic government requires that:
• public officials, both elected and appointed, comply with both the letter and spirit of the laws and policies affecting the operations of government;
• public officials be independent, impartial and fair in their judgment and actions; • public office be used for the public good, not for personal gain; and • public deliberations and processes be conducted openly, unless legally permitted to be conducted in a closed session under the Ralph M. Brown Act, in an atmosphere of respect and civility.
• Public officials, both elected and appointed, act in a transparent manner to enable the public to obtain information about public official activities and the decision-making process.
To this end, the Brea City Council has adopted a Code of Ethics and Conduct for Elected and Appointed Officials to assure public confidence in the integrity of local government and its effective and fair operation. The ethics section of the City’s Code of Ethics and Conduct provides guidance on ethical issues and questions of right and wrong.
1. Act in the Public Interest. Recognizing that stewardship of the public interest must be their primary concern, members will work for the common good of all the people of Brea and not for any private or personal interest, and they will assure fair and equal treatment of all persons, claims and transactions coming before the Brea City Council, commissions and committees.
2. Comply with both the spirit and the letter of the Law and City Policy. Members shall comply with the laws of the nation, the State of California and the City of Brea in the performance of their public duties. These laws include, but are not limited to: the United States and California constitutions; the Brea City Code; laws pertaining to conflicts of interest, election campaigns, financial disclosures, employer responsibilities, and open processes of government; and City ordinances and policies.
3. Conduct of Members. The professional and personal conduct of members must be above reproach and avoid even the appearance of impropriety. Members shall refrain from abusive conduct, personal charges, or verbal attacks upon the character or motives of other members of Council, advisory boards, staff or the public.
Ethics
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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4. Respect for Process. Members shall perform their duties in accordance with the processes and rules of order established by the City Council and advisory boards governing the deliberation of public policy issues, meaningful involvement of the public, and implementation of policy decisions.
5. Conduct of Public Meetings. Members shall prepare themselves for public issues; listen courteously and attentively to all public discussions before the body; and focus on the business at hand. They shall refrain from interrupting other speakers; making personal comments not germane to the business of the body; or otherwise interfering with the orderly conduct of meetings.
6. Decisions Based on Merit. Members shall base their decisions on the merits and substance of the matter at hand, rather than on unrelated considerations.
7. Communication. Members shall verbally disclose any contact or receipt of substantive information they have received outside of the public decision-making process that is relevant to a matter under consideration by the Council or boards and commissions prior to considering that matter so that all parties have the opportunity to respond to that information.
8. Conflict of Interest. In order to assure their independence and impartiality on behalf of the common good, members shall not use their official positions to influence government decisions in which they have a material financial interest, or where they have an organizational responsibility or personal relationship which may give the appearance of a conflict of interest.
In accordance with the law, members shall disclose investments, interests in real property, sources of income, and gifts; and they shall abstain from participating in deliberations and decision-making where conflicts may exist.
9. Gifts and Favors. Members shall not take any special advantage of their public office to access services or opportunities for personal gain that are not available to the general public. They shall refrain from accepting any gifts, favors or promises of future benefits which might compromise or appear to compromise their independence of judgment or action.
10. Confidential Information. The Brown Act and Brea City Code Section 2.00.010 generally prohibit the disclosure of confidential information acquired in a closed session by any person present (Government Code Section 54963). Members shall respect the confidentiality of information concerning certain negotiations (e.g., labor and real property), personnel matters, claims and litigation in order to avoid prejudicing the legal or negotiating position of the City or compromise the private interest of employees. They shall neither disclose confidential information without proper City Council authorization nor use such information to advance their personal/private, financial, or other interests. Confidential materials distributed in closed session shall be returned at the end of the closed session unless retention is approved by a majority of the City Council.
Ethics
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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11. Use of Public Resources. Members shall not use public resources not available to the general public, such as City staff time, vehicles, equipment, supplies, land or facilities, for private gain or political or personal purposes.
12. Representation of Private Interests. In keeping with their role as stewards of the public interest, members of Council shall not appear on behalf of the private interests of third parties before the Council or advisory board proceeding of the City, nor shall members of an advisory board appear before their own bodies or before the Council on behalf of the private interests of third parties on matters related to the subject matter jurisdiction of their bodies.
13. Advocacy. Members shall represent the official policies or positions of the City Council or advisory board to the best of their ability when authorized to do so. When presenting their individual opinions and positions, members shall explicitly state they do not represent their body or the City of Brea, nor will they allow the inference that they do.
14. Policy Role of Members. Members shall respect and adhere to the council-manager structure of Brea City government as outlined by the Brea City Code section 2.04.060 and 2.04.070(A).
In this structure, the City Council determines the policies of the City with the advice, information and analysis provided by the public, advisory boards, and City staff. Members shall not interfere with the administrative functions of the City or the professional duties of City staff, nor impair the ability of staff to implement Council policy decisions.
15. Independence of Commissions and Committees. Because of the value of the independent advice of advisory boards to the public decision-making process, members of Council shall refrain from using their position to unduly influence the deliberations or actions of advisory board proceedings.
16. Positive Work Place Environment. Members shall support the maintenance of a positive and constructive workplace environment for City employees and for residents and businesses dealing with the City. Members shall direct their requests of staff pertaining to their elected or appointed role to the appropriate staff liaison or in the case of Council Members, to the City Manager.
Conduct
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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B. CONDUCT
This section is designed to describe the manner in which Members should treat one another, City staff, constituents, and others they come into contact with when representing the City of Brea.
The constant and consistent theme through all of the conduct guidelines is "respect." Members experience huge workloads and tremendous stress in making decisions that could impact thousands of lives. Despite these pressures, Members are called upon to exhibit appropriate and respectful behavior at all times.
1. Elected and Appointed Officials’ Conduct with One Another Elected and appointed officials have a wide variety of backgrounds, personalities, values, opinions, and goals. Despite this diversity, all have chosen to serve in public office in order to support the community. In all cases, this common goal should be acknowledged even though individuals may "agree to disagree" on contentious issues.
1(a). In Public Meetings
Practice civility and decorum in discussions and debate Criticism is an essential component of democracy. This does not however, allow public officials to make belligerent, personal, slanderous, threatening, abusive, or disparaging comments. No shouting or physical actions that could be construed as threatening will be tolerated. Disruptive behavior, at the direction of the Council, can result from expulsion from the proceedings.
Honor the role of the chair in maintaining order
It is the responsibility of the Chair to keep members on track during public meetings. Members should honor efforts by the Chair to focus discussions on current agenda items. If there is disagreement about the agenda or the Chair’s actions, members should follow parliamentary procedure adopted by Resolution No. 2014-065 to voice their objections politely. Differences of opinion of what constitutes appropriate versus inappropriate shall be resolved by consensus of the full Council at an appropriate time.
Avoid personal comments that could offend other members If a member is personally offended by the remarks of another member, the offended member should note the actual words used and call for a "point of personal privilege" that challenges the other member to justify or retract their language. The Chair will maintain control of this discussion.
Demonstrate effective problem-solving approaches
Members have a public stage to show how individuals with disparate points of view can find common ground and seek a compromise that benefits the community as a whole.
Conduct
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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1(b). In Private Encounters
Continue respectful behavior in private
The same level of respect and consideration of differing points of view that is deemed appropriate for public discussions should be maintained in private conversations.
Be aware of the insecurity of written notes, voicemail messages, and E-mail Be aware that the insecurity of written notes, messages and email technology allows words written or said without much forethought to be distributed wide and far. It could create unpleasant consequences and cause embarrassment. Written notes, voicemail messages and email should be treated as potentially "public" communication and part of the public record.
Even private conversations can have a public presence
Public officials are always on display – their actions, mannerisms, and language are monitored by people around them that they may not know. Lunch table conversations will be eavesdropped upon, parking lot debates will be watched, and casual comments between individuals before and after public meetings noted. Cellular phones and other technologies allow for recording of these events with the potential for recorded conversations and actions being shared via social media.
2. Elected and Appointed Officials’ Conduct with City Staff Governance of a City relies on the cooperative efforts of elected officials, who set policy; appointed officials who advise the elected; and City staff who implement and administer the Council’s policies.
Therefore, every effort should be made to be cooperative and show mutual respect for the contributions made by each individual for the good of the community. The City Council, with the assistance of its advisory boards, makes policies and fundamental governmental decisions; the City Manager charged with implementing those policies and decisions and administering the day-to-day affairs of the City with the assistance of his/her staff. The City Council has direct authority over the City Manager and the City Attorney; all other employees of the City are under the direct authority of the City Manager. Following this hierarchy is important to the success of the basic structure and to maintaining positive and effective working relationships between the City Council and employees and will prevent any confusion and/ or inefficiency associated with potentially contradictory direction.
Treat all staff as professionals
Treat City staff with respect. Poor behavior towards staff is not acceptable.
Limit contact to specific City staff
Questions of City staff and/ or requests for additional information or services should be directed only to the City Manager. If, in the opinion of the City Manager the request makes sense and requires little staff time and/or resources, the City Manager can direct the appropriate department to fulfill the request.
Do not disrupt City staff from their jobs
Conduct
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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To maintain efficiency, it is important that public officials not disrupt City staff while they are in meetings, on the phone, or engrossed in performing their job functions in order to have their individual needs met. Do not attend City staff meetings unless requested by staff – even if the official does not say anything, his or her presence could intimidate staff and hampers their ability to do their job objectively.
Respect City staff’s time
Given ongoing fiscal constraints and limited staff and Council time, individual Council Members should minimize memos and maximize face-to-face interaction with other Council Members or staff.
Council Members should make time for clarifications by staff prior to City Council Meetings.
Requests for information
All Council Members will receive the same material and information to make legislative and other policy decisions, and all requests for information should be made to the City Manager to ensure consistency.
If a Council Member requests research on an issue, staff shall provide such research if it does not require extensive time to research the issue. The City Manager shall determine if the research is "extensive" or not. If the issue is complex and requires extensive staff time, the request must be approved by the City Council.
If a Council Member needs to review a document maintained in the City's internal system, upon request to the City Manager, staff will retrieve the requested document. The City Manager is legally responsible for the management and retention of City records, and only staff is authorized to retrieve information from the records system.
Because of the associated costs, individual Council Members shall not make direct contact to City consultants or outside legal counsel requesting information, research or service. Any request should be directed to the City Manager for compliance.
Confidential private financial statements are not provided to individual Council Members or the Council as a whole without the concurrence of the City Attorney.
Council Members are discouraged from attending public meetings with City staff unless requested by staff
Council Members correctly feel their presence at public meetings demonstrates an interested in the issue, however, it can also leave the public with an impression of the Council Member's position on the issue that may or may not be correct. Even if the Council Member does not say anything, the Council Member's presence can impact the meeting by implying support, showing partiality, intimidating staff, and hampering staff's ability to do their job objectively. This should be avoided.
When the item does come before the City Council, Council Members' deliberative process may have produced a different outcome, which may be viewed as the Council Member misleading the public.
Staff will always provide the public with an explanation of why the City Council is not present at the meeting.
Conduct
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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Never publicly criticize an individual employee
Public officials should never express concerns about the performance of a City employee in public, to the employee directly, or to the employee’s manager. Comments about staff performance should only be made to the City Manager privately. Comments about staff in the City Attorney’s Office should be made directly to the City Attorney. Appointed officials should make their comments regarding staff to the City Manager or the Mayor.
Do not get involved in administrative functions
Public officials must not attempt to influence City staff on the making of appointments, awarding of contracts, selecting of consultants, processing of development applications, or granting of City licenses and permits. [See Code of Ethics]
Check with City staff on correspondence before taking action To prevent conflicting statements or duplications, before sending correspondence, Council Members shall check with City staff to see if an official City response has already been sent or is in progress.
Typically the Mayor, through consultation with staff, should respond to communications addressed to the entire Council. When it is unclear whether a correspondence is to an individual Council Member or the City Council as a whole, Council Members should consult with the Mayor or staff to determine the appropriate response. Advisory board members shall not send correspondence except as authorized under the City’s policy governing volunteers.
Requests for additional staff support
Requests for additional staff support, even in high priority or emergency situations, should be made to the City Manager or Assistant City Manager, or designated representative who is responsible for allocating City resources in order to maintain a professional, well-run City government.
Do not solicit political support from staff
Public officials should not solicit any type of political support (financial contributions, display of posters or lawn signs, name on support list, etc.) from City staff. City staff may, as private individuals with constitutional rights, support political candidates, but all such activities must be done away from the workplace and outside of the employee’s work hours.
3. Elected and Appointed Officials’ Conduct with the Public 3(a). In Public Meetings
Making the public feel welcome is an important part of the democratic process. No signs of partiality, prejudice or disrespect should be evident on the part of individual members toward an individual participating in a public forum. Every effort should be made to be fair and impartial in listening to public testimony.
Be welcoming to speakers and treat them with respect and professionalism.
While questions of clarification may be asked, the official’s primary role during public testimony is to listen.
Conduct
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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Be fair and equitable in allocating public hearing time to individual speakers.
Actively Listen
Listening is a critically important skill. In the interest of courtesy and decorum, Council Members should listen patiently to various opinions from all quarters. It can be disconcerting to speakers to have Council Members not look at them when they are speaking. It is fine to look down at documents or to make notes, but reading for a long period of time, or gazing around the room gives the appearance of disinterest and may unintentionally offend the speaker. As public official it' s important to be aware of facial expressions, especially those that could be interpreted as " smirking," disbelief, anger or boredom
Maintain an open mind
Members of the public deserve an opportunity to influence the thinking of public officials. To express an opinion prior to the close of a public hearing casts doubt on the body’s fairness. This is particularly important when officials are serving in a quasi-judicial capacity.
Ask for clarification, but avoid debate and argument with the public Only the Chair – not individual members – can interrupt a speaker during a presentation. However, a member can ask the Chair for a point of order if the speaker is off the topic or exhibiting behavior or language the member finds disturbing.
If public speakers become flustered or defensive by questions, it is the responsibility of the Chair to calm and focus the speaker and to maintain order and decorum. Questions by members to the public testifying should seek to clarify or expand information. It is never appropriate to belligerently challenge or belittle the speaker and staff.
No personal attacks of any kind, under any circumstance Members should also be aware of their body language and tone of voice, as well as the words they use, can appear to be intimidating or aggressive.
Follow adopted parliamentary procedure in conducting public meetings The City Attorney serves as advisory parliamentarian for the City and is available to answer questions or interpret situations according to parliamentary procedures. The Mayor or Chair, subject to the appeal of the full City Council or advisory board makes final rulings on parliamentary procedure. 3(b). In Unofficial Settings
Make no promises on behalf of the Council, Advisory Board or City Members will frequently be asked to explain a Council or advisory board action or to give their opinion about an issue as they talk with community members. It is appropriate to give a brief overview of City policy and to refer to City staff for further information. It is inappropriate to overtly or implicitly promise Council or board/commission action, or to promise that City staff will do something specific (fix a pothole, remove a library book, plant new flowers in the median, etc.).
Conduct
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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Make no personal comments about other members
It is acceptable to publicly disagree about an issue, but it is unacceptable to make personal and/or derogatory comments about other members, their opinions and actions.
Remember that Brea is a small town at heart
Members are constantly being observed by the community every day that they serve in office. Their behaviors and comments serve as models for proper deportment in the City of Brea. Honesty and respect for the dignity of each individual should be reflected in every word and action taken by members. This is a serious and continuous responsibility.
4. Elected and Appointed Officials’ Conduct Regarding Ex-parte Communications Members have the responsibility to hear all viewpoints at a public hearing. Members must always keep an open mind, and not rush to pre-judge any matter, until all concerned parties (including but not limited to applicants, members of the public and staff) are heard during the public hearing.
Members must not come to a conclusion on a matter until the public hearing is closed.
One key responsibility involves “ex parte” communications. Ex parte is a Latin phrase that literally means “from one party.” Generally, it is defined as any oral or written communication with a decisionmaker about the subject matter of an upcoming quasi-judicial proceeding, which takes place outside of a noticed hearing that is open to all parties to the matter. An ex parte communication can include sensory information, such as things that are seen or heard during a site visit.
Hearings are “quasi-judicial” when they require the Members to apply general rules and standards to specific factual situations and to reach conclusions that affect the rights or interests of an individual person or entity. Common examples of quasi-judicial matters include decisions to approve or deny specific development projects, permit revocation proceedings, and employee disciplinary matters.
For quasi-judicial agenda matters, a Member must report (disclose) any information that they received outside of the public hearing or staff report, if the information significantly influenced their views of the matter. The disclosure should state the nature of the communication (e.g., whether it was oral, written, or sensory), and should explain the substance of the communication so that other Members, interested parties, and the public will have an opportunity to become apprised of the factors influencing the Member and to attempt to controvert or rebut any such factor during the hearing.
Disclosure alone will not be deemed a sufficient basis for a request to continue the hearing. An ex parte communication is not grounds to disqualify a Member from participation in a quasi-judicial hearing unless the Member feels that they cannot reach an impartial decision.
5. Council Conduct When Serving on Intergovernmental Assignments Be clear about representing the City or personal interests When representing the City, the Council Member must support and advocate the official City position on an issue, not a personal viewpoint. Outside of official committee or commission meetings, advisory board members are not authorized to represent the City or their committee or commission Conduct
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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unless specifically designated by the Council or the board or commission to do so for a particular purpose.
Correspondence also should be equally clear about representation City letterhead may be used when the Council Member is representing the City and the City’s official position. A copy of official correspondence shall be given to the Council’s Executive Assistant to be filed in the Council Office as part of the public record.
City letterhead shall not be used for non-City business nor for correspondence representing a dissenting point of view from an official Council position.
6. Council Conduct with Advisory Boards
The City has established several commissions and committees as a means of gathering more community input. Residents who serve on advisory boards become more involved in government and serve as advisors to the City Council. They are a valuable resource to the City’s leadership and should be treated with appreciation and respect.
If attending an advisory board meeting, be careful to only express personal opinions Council Members may attend any advisory board, which are always open to any member of the public. Council Members are encouraged to attend advisory board meetings in support of their role as council liaison to an advisory board. However, they should be sensitive to the way their participation could be viewed as unfairly affecting the processes, especially if it is on behalf of an individual, business or developer. Any public comments by a Council Member at an advisory board meeting should be clearly made as individual opinion and not a representation of the feelings of the entire City Council. To avoid being disqualified for pre-judging a matter, a Council Member generally should not speak at an advisory board public hearing on a quasi-judicial matter that will or may come before the City Council.
Limit contact to questions of clarification
It is inappropriate for a Council Member to contact an advisory board member to lobby on behalf of an individual, business, or developer, and vice versa. It is acceptable for Council Members to clarify a position taken by the advisory board or City Council.
Remember that advisory boards serve the community, not individual Council Members The City Council appoints individuals to serve on advisory boards, and it is the responsibility of advisory boards to follow policy established by the Council. But advisory board members do not report to individual Council Members, nor should Council Members feel they have the power or right to threaten advisory board members with removal if they disagree about an issue. Appointment and re-appointment to an advisory board should be based on such criteria as expertise, ability to work with staff and the public, and commitment to fulfilling official duties.
Be respectful of diverse opinions
A primary role of advisory boardsis to represent many points of view in the community and to provide the City Council with advice based on a full spectrum of concerns and perspectives. Council Members Conduct
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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may have a close working relationship with some individuals serving on advisory boards, but must be fair and respectful of all individuals serving on boards and commissions.
Keep political support away from public forums
Advisory board members may offer political support to a Council Member, but not in a public forum while conducting official duties. Conversely, Council Members may support advisory board members who are running for elective office, but not in an official forum in their capacity as a Council Member.
7. Elected and Appointed Officials’ Conduct with the Media/Public Inquiries The best advice for dealing with the media is to never go "off the record" Most members of the media follow journalistic ethics and can be trusted to keep their word. But one bad experience can be catastrophic. Words that are not said cannot be quoted.
The Mayor and the City Manager shall determine the official spokesperson for the City’s position on high-profile issues
Council Members are frequently contacted by the media for background and quotes. If an individual Council Member is contacted by the media, the Council Member should refer the media to the Mayor or the City Manager and refrain from making statements that would give the appearance of representing the City’s position. The City Manager or his/her designee shall be the City’s spokesperson on routine media inquiries. Advisory board members are not authorized to represent the City outside of official commission/committee meetings unless specifically authorized to do so.
Choose words carefully and cautiously
Comments taken out of context can cause problems. Be especially cautious about humor, sarcasm, or word play. It is never appropriate to use personal slurs or swear words when talking with the media.
Remember who you are
A Council Member must always be aware of his/her role as a policy maker in the organization, and the deference that is afforded you by the public because of your office. Consequently, it is very important to remember not to speculate or venture outside your area of expertise. The public will rely on what they are told by an elected official.
C. SANCTIONS
Public Disruptions
Members of the public who do not follow proper conduct after a warning in a public hearing may be barred from further testimony at that meeting or removed from the Council Chambers.
Council Members Behavior and Conduct
Council Members who are alleged to be in violation of State or Federal laws should be referred to the appropriate enforcement agencies.
Council Members who intentionally and repeatedly do not follow proper conduct as outlined in the Code of Ethics and Conduct may be reprimanded or formally censured by the Council, lose seniority Conduct
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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or committee assignments (both within the City or with intergovernmental agencies) or have official travel restricted. Serious infractions of the City's Code of Ethics and Conduct could lead to other sanctions as deemed appropriate by the Council.
It is the responsibility of the individual Council Member to initiate action if a Council Member’s behavior may warrant sanction. The alleged violation(s) can be presented to the full Council in a public meeting. If violation of the Code of Ethics and Conduct is outside of the behaviors observed by the Council, then subsequent investigation and potential sanctions should be reviewed and approved by the Council.
Inappropriate Staff Behavior
Council Members should refer to the City Manager for any City staff or to the City Attorney for any City Attorney Office’s staff who do not follow proper conduct in their dealings with members, other City staff, or the public. These employees may be disciplined in accordance with standard City procedures for such actions. (Please refer to the section on Council Conduct with City Staff for more details on interaction with Staff.)
Commissioner Removal
Commissioner removal shall be subject to provisions in Brea City Code Section 2.16.060.
D. OVERVIEW OF ROLES AND RESPONSIBILITIES
Mayor
The Mayor is the Council’s team leader; therefore, the Mayor is elected by the Council based upon the Council’s belief the Council Member elected has demonstrated the skills and trust necessary to effectively fulfill the responsibilities of the office defined below. As a result, the Mayor serves at the Council’s pleasure, so it is not a rotational position.
The Mayor’s authority is the same as any other individual Council member; no more.
Responsibilities:
• To work with the Mayor Pro Tem and City Manager to fully support the Council’s approved policies, protocols, and priorities that are developed via a consensus-based process. • To work with the Mayor Pro Tem and City Manager to manage the Council’s Meeting Agendas to further the Council’s policies and priorities in an effective and productive manner. • To chair the Council’s meetings in a professional manner, fostering positive team relationships, and facilitating constructive debate and discussion to achieve Council consensus.
• To represent the Council in a professional manner at public events that reflects positively upon the City
• Acts as the official head of the City for all ceremonial purposes • Calls for special meetings
• Recognized as spokesperson for the City Council
• Selects substitutes for City representation when the Mayor cannot attend Conduct
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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• Appoints Council Members to applicable standing committees, regional boards and committees. These include committees and regional boards that do not require appointment through external agencies or organizations (such as Orange County City Selection) • Makes judgment calls on which proclamations and commendations to give • Leads the Council into an effective, cohesive working team • Signs documents on behalf of the City of Brea
• Serves as official delegate of the City to the Leagues of California Cities, National League of Cities, and other events and conferences
Note: If the Mayor and Mayor Pro Tem disagree about an issue, the item will be placed on the Council’s Study Session Agenda for the full Council to determine how the item shall be discussed.
The City Manager may request an item be added to the Council’s Study Session if necessary to determine the full Council’s direction for the item.
Mayor Pro Tem
• Serves at the pleasure of the City Council
• Serves in the Mayor’s absence.
• Represents the City at ceremonial functions at the request of the Mayor All Council Members
All members of the City Council, including those serving as Mayor and Mayor Pro Tem, have equal votes. No Council Member has more power than any other Council Member and all should be treated and treat each other with civility and respect.
All Council Members shall:
• Demonstrate honesty, integrity, and civility in every action and statement • Fully participate in City Council meetings and other public forums while demonstrating respect,
• kindness, consideration, and courtesy to others
• Prepare in advance of Council meetings and be familiar with issues on the agenda. Make a • reasonable effort to meet with staff before meetings to receive answers to questions regarding • the agenda
• Represent the City at ceremonial functions at the request of the Mayor • Place activities and events on the Council's weekly activities calendar that invite official • participation of all Council Members
• Be respectful of other people' s time. Stay focused and act efficiently during public meetings • Serve as a model of leadership and civility to the community • Inspire public confidence in Brea City government
• Provide contact information to the City Manager's Executive Assistant in case an emergency or urgent situation arises while the Council Member is out of town • Participate in scheduled activities to increase team effectiveness Conduct
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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Meeting Chair
The Mayor will chair official meetings of the City Council, unless the Mayor Pro Tem or another Council Member is designated as Chair of a specific meeting. The Chair of meetings:
• Maintains order, decorum, and the fair and equitable treatment of all speakers • Keeps discussion and questions focused on the specific agenda Item under consideration • Makes parliamentary rulings with advice, if requested, from the City Attorney who acts as an advisory parliamentarian. Chair rulings may be overturned if a Council Member makes a motion as an individual and the majority of Council votes to overrule the Chair.
Policy
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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E. POLICY
1. PUBLIC INQUIRIES
City staff will prepare official letters in response to public inquires and concerns, as appropriate.
These letters will carry the signature of the Mayor unless the Mayor requests that another Council Member or City staff sign them. If correspondence is addressed only to one Council Member, the Council Member should check with staff on the best way to respond to the sender. In the event a Council Member, as an elected representative, feels compelled to express an opinion a matter, it shall be with the express understanding and stated as such, that it is their personal opinion and does not in many way represent that of the City Council. Nor, under any circumstances, should a Council Member state or attempt to represent the opinion of the City Council or of another Council Member.
Council Members may receive public inquires via email and may choose to respond directly via email. All such correspondence is considered a public record and should be treated as such. As with official letter responses to public inquires, if a Council Member feels compelled to express an opinion on a matter, it shall be with the express understanding, and stated as such, that it is a personal opinion and does not in any way represent that of the City Council.
2. AGENDA ITEMS
The Mayor and Mayor Pro Tem, in consultation with the City Manager, shall determine agenda items for City Council Meetings. However, to ensure all Council Member views are represented, study session agendas contain a section titled "Council Member Reports/ Requests" and general session agendas contain a section titled "Council Requests". These portions of the meeting allow any Council Member to request an agenda item for a future meeting and allow the City Council to have a short discussion on the request (but not on the substance of the item). Any request must include an explanation of the issue and the goal of the proposed Council discussion. If at least one other Council Member indicates support for the request at that time, then the item shall be placed on a future agenda. Upon support of the request, the Council will provide direction to staff on information that is desired to be presented when the item is placed on a future agenda. The Mayor and Mayor Pro Tem shall schedule the item for a City Council meeting, no later than 45 days following the request, unless the Council Member who requested the item consents to the item being placed on the agenda of a later meeting. Additionally, with the advice of the City Manager and City Attorney, the Mayor and Mayor Pro Tem will determine the type of meeting (regular or special) and the type of session (closed, study, or general) at which the item will be considered.
3. MEETING PROTOCOL
The City follows parliamentary procedure for the management of meetings using guidelines adopted by Resolution No. 2014-065 on October 7, 2014.
Public Comment on Agenda and Non-Agenda Items
During a designated period of the agenda, the public may comment on any item of interest that is within the subject matter jurisdiction of the Council by filling out a speaker card prior to the time the item is heard. As a general rule, a speaker will be limited to five (5) minutes, unless otherwise Policy
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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stated by the Mayor/Chair. If many speakers are anticipated, the Mayor/Chair may shorten the time limit and/or ask speakers to limit themselves to new information and points of view not already covered by previous speakers.
No speaker will be turned away unless he or she exhibits disruptive behavior as defined by the Brown Act and in court decisions. Each speaker may only speak once during “matters from the audience” and/or the public hearing unless the Chair requests additional clarification later in the process.
The purpose of the “matters from the audience” section of the meeting is to provide an opportunity for members of the public who attend the meeting in person or remotely to address the members of the body on items within the body’s subject matter jurisdiction that are not on the agenda. In Remote comments (via two-way audiovisual platform or two-way telephonic service) must be allowed at City Council meetings during any public comment period, in accordance with Senate Bill 707 (as applied to Government Code Section 54953.8). All in-person comments for each respective public comment period will be taken before comments from those participating remotely via two-way audiovisual platform or two-way telephonic service.
The City Manager will respond, as deemed appropriate, to comments related to items on the meeting's agenda. In compliance with the Brown Act, the City Council may not act or discuss any item that does not appear on the Council meeting agenda.
Public Comment during Public Hearings
During a public hearing, the public may comment on the specific public hearing item by filling out a speaker card prior to the time the public hearing is closed. The Mayor/Chair will determine and announce limits on speakers at the start of the public hearing process. Questions should not be asked for the express purpose of allowing one speaker to evade the time limit imposed on all others (e.g., “Was there something else you wanted to say?”). Generally, each speaker will be allocated five (5) minutes with applicants and appellants or their designated representatives allowed additional time. If many speakers are anticipated, the Mayor/Chair may shorten the time limit and/or ask speakers to limit themselves to new information and points of view not already covered by previous speakers.
In public hearings, after the close of the hearing, no further public testimony will be accepted unless the Chair reopens the public hearing for a limited and specific purpose.
Established protocol dictates that Council Members do not express opinions during the public hearing portion of the meeting except to ask pertinent questions of the speaker or staff. "I think" and "I feel" comments by Council Members are not appropriate until after the close of the public hearing. To maintain proper public decorum, it is important that Council Members refrain from arguing or debating with the public during a public hearing and always show respect for different points of view.
Policy
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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The Chair has the responsibility to run an efficient public meeting and has the discretion to modify the public hearing process in order to make the meeting run smoothly and/or accommodate extenuating circumstances
Policy
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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Appeals
The applicant or appellant shall have the right to speak first after staff presentation regarding the item being appealed. The Chair will determine the length of time allowed for this presentation.
Speakers representing either pro or con points of view will be allowed to follow. The Chair will determine and announce limits on speakers at the start of the public hearing process. Generally, each speaker will be allocated five (5) minutes with applicants and appellants, or their designed representatives, allowed more time. If many speakers are anticipated, the Chair may shorten the time limit and/or ask speakers to limit themselves to new information and points of view not already covered by previous speakers. No speaker will be turned away unless he/she exhibits inappropriate behavior. Each speaker may only speak once during the public hearing unless the Council requests additional clarification later in the process. After the close of the public hearing, no more public testimony will be accepted unless the Chair reopens the public hearing for a limited and specific purpose.
The applicant or appellant will be allowed to make closing comments.
Motions
Main motions may be followed by amendments, followed by substitute motions. Any Council Member can call for a point of order. Only Council Members who voted on the prevailing side may make motions to reconsider. Council Members who desire to make the first motion on issues that they feel strongly about should discuss their intention with the Chair in advance of the Council meeting.
Disturbance/Disruption Management
The term “disturbance” or “disruption” means any behavior that actually disrupts, disturbs, impedes, or renders infeasible the orderly conduct of the meeting, including, but not limited to, shouting, interrupting speakers, using threatening language, refusing to follow meeting rules, or causing a physical disruption. A “disturbance” or “disruption” also includes the definition under Government Code Section 54957.95(b).
In the event of meeting disturbance or disruption by a member(s) of the public, the Mayor/Chair (or Mayor Pro Tem/Vice Chair, or member serving as Chair of the meeting) should:
a. Demand the disrupting party(ies) stop the disruptive behavior. b. Issue an explicit warning that their behavior is disturbing/disrupting the meeting, and continuance of such behavior may subject the individual to removal from the meeting. c. If the disturbance/disruption continues, call for a recess to restore order. For Council meetings, also call on public safety personnel to restore order, if necessary. d. If disturbance/disruption continues, order the public safety personnel to clear the Council Chamber.
e. The presiding officer’s authority to remove or limit participation for disruptive behavior explicitly extends to participants attending remotely as outlined under Government Code Section 54957.96.
Policy
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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4. TELECONFERENCING AS A REASONABLE ACCOMMODATION FOR A
DISABILITY
Government Code Section 54953(c) allows for members of legislative bodies with disabilities to participate in meetings remotely as a reasonable accommodation. If such an accommodation is granted under this provision, remote participation due to a disability will be treated as in-person attendance at the physical meeting location for all purposes, including reaching a quorum. The traditional teleconference requirements of posting the address of the teleconference location and allowing public participation from the teleconference location will not apply. A member who desires to attend meetings remotely because of a qualified disability shall follow procedures outlined in the Legislative Body Reasonable Accommodation Policy (Appendix C).
5. PROTOCOL FOR INTERNS/VOLUNTEERS
The section below outlines the process and guidelines for Council-requested volunteers and interns:
a) Council requests for an intern or volunteer must be handled through the Human Resources Division. Interns/Volunteers must complete a Volunteer Application, be screened in accordance with Human Resources Division protocol and will be assigned to the appropriate departments based on interest. Interns/volunteers will not have access to confidential items and limited access to the City’s email, including any folders available on the City network. They must be supervised at all times. b) If interns/volunteers are sending information or correspondence on behalf of their supervisor, they must identify themselves as an intern/volunteer only. All communications generated or received by the intern/volunteer during their service must include the supervising Director as a copied recipient. c) Questions of City staff and/or requests for additional information or services should be directed to the City Manager. If the City Manager determines the request is appropriate and requires minimal staff time and/or resources to fulfil, the City Manager may direct the appropriate department to work with the volunteer/intern to fulfill the request.
6. SOCIAL MEDIA
Council Members should always be aware and mindful of their online presence.
California Government Code section 54952.2(b)(3)(A) states that a public official may communicate on social media platforms to answer questions, provide information to the public or solicit information from the public regarding a matter whining the legislative body’s subject matter jurisdiction. These communications are only allowed if members of the same legislative body do not use social media platforms to discuss official business amongst themselves. This means an official cannot “like,” “retweet,” “share,” or otherwise react to a post made by another member of the same legislative body that touches on topics of the agency’s business. The Brown Act prohibits a member of the legislative body from responding directly to any communication on any internet-based social media platform regarding an agency matter if the communication is made, posted, or shared by any other member of the legislative body. As such, members of the legislative body should avoid interaction on social media platforms with other members of the legislative body within the subject matter jurisdiction Policy
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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7. MISCELLANEOUS
Ceremonial Events
City staff will handle requests for a City representative at ceremonial events. The Mayor will serve as the designated City representative. If the Mayor is unavailable, City staff will determine if event organizers would like another representative from the Council to attend. If so, the Mayor Pro Tern will be asked to serve as a substitute; if the Mayor Pro Tem is unavailable, the request will to go another member of the Council. Invitations received by City staff are presumed to be for official City representation. Invitations addressed to individual Council Members at their homes are presumed to be for unofficial, personal consideration, unless otherwise indicated, and the individual is expected to represent the City of Brea in a formal capacity.
Policy
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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Ceremonial Recognition
City Council Ceremonial Recognition Policy (Appendix A), defines the term “Proclamation”, “Commendations”, “Certificate of Recognition”, “Naming Facilities”, “Plaques” and prescribes guidelines for recognition requests and presentation of ceremonial items.
Endorsement of Candidates
Council Members have the right to endorse candidates for all Council seats or other elected offices.
It is inappropriate to mention endorsements during a Council meeting or other official City meetings.
Use of City Seal, Emblems and Logos
Except as otherwise expressly provided by state or federal law, or when done in the course of official city business, it shall be unlawful for any person or entity to use the city seal, emblem or logo without having written permission by the city to do so. Unauthorized use of the City Seal, emblem and/or logos is in violation of Brea City Code § 1.00.095.
Preferential Treatment
City officials shall not accept more favorable treatment than other residents or businesses of the City.
Any transactions should be obtained on terms consistent with those available to the general public.
All citizens and businesses in the City are entitled to fair and equal treatment. City officials and employees shall not give preferential consideration or special advantages to any person or organization beyond those that are available to any other person or organization.
Ad Hoc Committees
Council Members appointed to ad hoc committees shall continue in their assignments. Ad hoc committee assignments are not subject to change unless an assigned Council Member resigns from the committee or is no longer serving on the Council. Ad hoc committees shall be created to support and further Council priorities. When an ad hoc committee is created, the Council will define the committee’s goals and the committee shall provide periodic progress reports to Council. No ad hoc committee will be formed without Council approval.
Policy
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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F. GLOSSARY OF TERMS
attitude The manner in which one shows one’s dispositions, opinions, and feelings behavior External appearance or action; manner of behaving; carriage of oneself civility Politeness, consideration, courtesy
conduct The way one acts; personal behavior
courtesy Politeness connected with kindness
decorum Suitable; proper; good taste in behavior
manners A way of acting; a style, method, or form; the way in which thing are done point of order An interruption of a meeting to question whether rules or bylaws are being broken, such as the speaker has strayed from the motion currently under consideration
point of personal
privilege
A challenge to a speaker to defend or apologize for comments that a fellow member considers offensive
propriety Conforming to acceptable standards of behavior protocol The courtesies that are established as proper and correct respect The act of noticing with attention; holding in esteem; courteous regard G. IMPLEMENTATION
As an expression of the standards of conduct for members expected by the City, the Code of Ethics and Conduct for Elected and Appointed Officialsis intended to be self-enforcing. It therefore becomes most effective when members are thoroughly familiar with it and embrace its provisions. For this reason, this document shall be included in the regular orientations for candidates for City Council, applicants to commissions and committees, and newly elected and appointed officials. Members entering office shall sign a statement affirming they read and understood the City of Brea Code of Ethics and Conduct. In addition, the Code of Ethics and Conduct shall be annually reviewed by the City Council, Commissions and Committees, and the City Council shall consider recommendations from Commissions and Committees and update as necessary.
Appendix
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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Appendix A – Model of Excellence Page 26
Appendix B – City Council Policy Ceremonial Recognition Items Pages 27 - 29 Appendix C – Legislative Body Reasonable Accommodation Policy for Pages 30 - 32 Remote Participation at Meetings Subject to the Brown Act Appendix
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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MODEL OF EXCELLENCE
City of Brea Elected and Appointed Officials
MEMBER STATEMENT
As a member of the Brea City Council, Brea City Treasurer or Commission or Committee, I agree to uphold the Code of Ethics and Conduct for Elected and Appointed Officials adopted by the City and conduct myself by the following model of excellence. I will:
• Recognize the worth of individual members and appreciate their individual talents, perspectives and contributions;
• Help create an atmosphere of respect and civility where individual members, City staff and the public are free to express their ideas and work to their full potential; • Conduct my personal and public affairs with honesty, integrity, fairness and respect for others; • Respect the dignity and privacy of individuals and organizations; • Keep the common good as my highest purpose and focus on achieving constructive solutions for the public benefit;
• Avoid and discourage conduct which is divisive or harmful to the best interests of Brea; • Treat all people with whom I come in contact in the way I wish to be treated; • Be prepared and informed so that I can make worthwhile contributions; I affirm that I have read and understood the City of Brea Code of Ethics and Conduct for Elected and Appointed Officials.
Signature Date
Name Office/Meeting Body
Appendix
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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CITY COUNCIL POLICY
CEREMONIAL RECOGNITION ITEMS
Adopted: June 21, 2022
I. PURPOSE
The purpose of this policy is to identify the authority, criteria, and procedure for the recognition of individuals, groups, organizations, businesses, special periods of observance, or special occasions through the issuance of proclamations, commendations, certificates of recognition, and other recognition items. All proclamations, commendations, and certificates of recognition are ceremonial documents.
II. POLICY
It is the policy of the City of Brea (City) that requests for proclamations, commendations, or certificates of recognition shall be prepared in accordance with the adopted guidelines of this policy.
In accordance with the City Council Code of Conduct, the Mayor shall be the official head of the City for all ceremonial purposes, or the Mayor may select a designee.
A. PROCLAMATIONS
1. Proclamations may be issued to honor or highlight a special period of observance (e.g., days, weeks, months), civic celebration, or recognition of a community, regional, state, or national occasion, and in accordance with the criteria specified below:
a) The primary purpose of a proclamation is to give special recognition to issues, actions, and/or programs of significance to the citizens of Brea. b) Proclamations are issued to honor special periods of observance (e.g., days, weeks, or months), civic celebrations, or community, regional, state, or national occasions to cover issues that have widespread community interest. c) Examples of proclamations include: Women’s History Month, Girl Scout Week, Arbor Day, etc.
B. COMMENDATIONS
1. Commendations are issued to honor individuals, groups, organizations, or businesses with a connection to the City for milestones or major achievements that have significant importance to the Brea community, such as:
a) Local sports teams or individual athletes for winning regional, state, and/or national titles;
b) Local schools or students for winning competitions, exhibitions, or championships at the state, national, and/or international level, or Appendix
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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educators for receiving recognition at the regional, state, national, and/or international levels;
c) Brea businesses or organizations upon the commemoration of a milestone anniversary;
d) Community groups or organizations, upon the commemoration of a milestone anniversary, whose work has benefited the City and/or Brea residents;
e) Recognition of Brea residents on the occasion of their 100th birthday; f) Visitors from Brea’s Sister Cities;
g) Outgoing Mayors, Council Members, Commissioners, and Committee Members;
h) Significant donors to the city;
i) Individuals, community groups, or organizations whose volunteer efforts and/or philanthropic works have benefitted the Brea community and/or Brea residents;
j) Boy Scouts of America - Eagle Scout Award Recipients; k) Girl Scouts of America - Silver or Gold Award Recipients; and l) Community Members who have conducted acts of heroism.
C. CERTIFICATES OF RECOGNITION
1. Certificates of recognition may be issued to individuals, groups, organizations, or businesses with a connection to the City for individual or group achievement, contributions to the Brea community, or commemorative events or occasions.
Certificates of recognition shall be issued in accordance with the criteria specified below:
2. Certificates of recognition are used to acknowledge individual or group achievement, contributions to the community, or to recognize a commemorative event or occasion, such as:
a) Brea students for academic achievement at the local or regional level (e.g., school valedictorian, placement at regional competitions or exhibitions);
b) Local organizations or businesses for commemorative events or occasions in Brea (e.g., ribbon cutting ceremonies, grand opening ceremonies, etc.);
c) Individuals who have passed away that have made a significant contribution to the Brea Community. These are prepared when a City Council Meeting is adjourned in their memory;
d) Brea employees for conducting acts of heroism; or
e) Various community groups visiting the City of Brea.
D. NAMING FACILITIES
Naming facilities or components of facilities in recognition of the contributions of an individual, group or organization shall be the responsibility of the City.
Appendix
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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E. PLAQUES
1. Outgoing Mayors and Commission Chairs receive a plaque upon the end of their term.
III. PROCEDURE
A. RECOGNITION REQUESTS
a. Proclamations and Commendations
i. Citizens may call or petition to have ceremonial documents prepared, or a Council Member may request one from the Mayor or the majority of the City Council.
ii. Requests for recognition from members of the public are received and reviewed by the City Clerk’s Office and City Manager’s Office. The City Clerk’s Office will work with the requester to gather information to produce the ceremonial documents. The City Manager’s Office shall coordinate the distribution and/or presentation of each item of recognition. iii. If a request for recognition does not fit into the aforementioned ceremonial document categories pursuant to this policy, the Mayor and City Manager will determine the appropriate form of recognition it should receive. b. Certificates of Recognition
i. Certificates of recognition can be requested by any member of the City Council.
B. PRESENTATION OF CEREMONIAL ITEMS
a. Proclamations, commendations, and certificates of recognition can be given in person and presented at a pre-arranged City Council Meeting or official Citysponsored event; mailed out; or presented in-person at non- City sponsored community events.
Appendix
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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CITY COUNCIL POLICY
LEGISLATIVE BODY REASONABLE ACCOMMODATION
POLICY FOR REMOTE PARTICIPATION AT MEETINGS
SUBJECT TO THE BROWN ACT
Adopted:
CITY OF BREA
I. Purpose
The Ralph M. Brown Act, commonly known as the “Brown Act,” is California’s “sunshine” law for local government. The Brown Act is found in the California Government Code commencing with Section 54950. In 2025, the California Legislature passed Senate Bill 707 (“SB 707”), which was signed into law on October 3, 2025 and is effective January 1, 2026. SB 707 enacted an extensive modernization of the Brown Act.
SB 707 updates Section 54953 of the Brown Act to allow for members of legislative bodies with disabilities to participate in meetings remotely as a reasonable accommodation. (See, Government Code Section 54953(c)). If such an accommodation is granted under this new provision, remote participation due to a disability will be treated as in-person attendance at the physical meeting location for all purposes, including reaching a quorum. The traditional teleconference requirements of posting the address of the teleconference location and allowing public participation from the teleconference location will not apply.
The purpose of this policy is to ensure compliance with the Brown Act and to provide a written procedure for receiving and swiftly resolving reasonable accommodation requests for members of the City of Brea legislative bodies, consistent with the federal Americans with Disabilities Act of 1990 (42 U.S.C. Sec. 12132), and resolving any doubt in favor of accessibility. The purpose is to enable participation in legislative body meetings through remote participation for a qualifying individual whose disability precludes their in-person attendance at a meeting of their legislative body. As set forth in California Attorney General Opinion No. 23-1002, which addressed the applicability of the Americans with Disabilities Act (“ADA”) to meetings subject to the Brown Act, the opinion stated that not every disability necessitates remote participation, because not every disability precludes inperson attendance; therefore, a fact intensive, individualized, case-by-case inquiry is required when considering remote participation as a reasonable accommodation.
Requests for Reasonable Accommodation:
II. Definitions
Appendix
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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As used in this policy, a member of a legislative body means any individual who is a member of the Brea City Council or a member of any commission, committee or board of the City of Brea, whose meetings are subject to the Brown Act and shall be referred to herein as “Member.” III. Procedure
A Member who desires to attend meetings remotely because of a qualified disability shall make an accommodation request in writing to the City’s Human Resources Manager (“HR Manager”). The request should include a written statement that the Member requires remote participation under this this Policy because of their disability. You are not required to disclose the particular disability and/or medical condition. The request shall be made at least three weeks before the meeting for which the Member first seeks accommodation.
IV. Interactive Process
The HR Manager is authorized to make reasonable inquiries about the Member’s need for accommodation, to conduct the necessary case-by-case inquiry into the request and to accommodate a qualifying disability, consistent with applicable law. The City may require additional information, such as a medical provider’s certification of the existence of a qualifying disability and the need for the accommodation to attend remotely. The City may not ask the Member or their medical provider to disclose a specific diagnosis. The HR Manager will inform the Member, the City Manager and the City Clerk of the decision on the request for reasonable accommodation in writing.
An approved reasonable accommodation for remote access attendance at public meetings shall be in effect for the period of time that the Member’s disabling condition continues, and the decision of the HR Manager shall reflect this determination. The approved reasonable accommodation shall be limited to the terms of Section 54953 of the Brown Act which allow for members of legislative bodies with disabilities to participate in meetings remotely as a reasonable accommodation.
V. Confidentiality
All information regarding a Member’s claimed disability or medical information must be kept confidential and maintained in a separate medical file by the HR Manager. Such information may be disclosed in limited circumstances, such as to first aid and safety personnel, when appropriate, to government officials investigating compliance with the ADA, or to City staff trained on and entrusted with the handling of confidential medical information, if such disclosure is necessary to effectuate the reasonable accommodation.
VI. Member’s Responsibilities Under the Brown Act
If the accommodation for remote participation is granted, the Member is required to comply with the applicable provisions of Government Code Section 54953(c) as follows:
A. The Member shall participate through both audio and visual technology, except that any Member with a disability, as defined by California Government Code Section 12926 and used in Section 12926.1, or by Section 12102 of Title 42 of the United States Code, may participate Appendix
For ease of reference in the Code of Ethics and Conduct, the term “Member” refers to any member of the Brea City Council, City Treasurer or the City’s commissions and committees established by the City Code, City Ordinance or Council policy.
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only through audio technology if a physical condition related to their disability results in a need to participate off camera.
B. The Member shall disclose at the meeting before any action is taken, whether any other individuals 18 years of age or older are present in the room at the remote location with the member, and the general nature of the Member’s relationship with any of those individuals.
CITYofBREA
City Council Regular Meeting
Communication
May 19, 2026
Item No. 2F.
Monthly Report of Investments for the City of Brea for Period Ended April 30, 2026
TO PREPARED BY
Honorable Mayor and City Council Members Faith Madrazo, Financial Services Manager, Revenue
DEPARTMENT HEAD APPROVAL CITY MANAGER APPROVAL
Monica Lo, Administrative Services Director Kristin Griffith, City Manager
RECOMMENDATION
Staff recommends that the City Council take the following action:
1. Receive and file the Monthly Report of Investments.
BACKGROUND/DISCUSSION
The current Monthly Report of Investments is prepared in accordance with Government Code Sections 41004 and 53607 and contains information on the City's investment activities for the month of April. On June 6, 2023, upon the recommendation of the Investment Advisory Committee, the City Council authorized the use of U.S. Treasury Bills and other short-term investments—referred to as the City’s Liquidity Account—as an alternative to the Local Agency Investment Fund (LAIF). The LAIF is used for short-term investments and functions like a savings account.
Whereas cash for day-to-day activities is deposited in Demand and Interest-Bearing checking accounts. This Liquidity Account was closed in July 2025, as LAIF had consistently outperformed it over several months. The remaining cash balance was subsequently transferred to the City’s main investment portfolio. The City’s investment portfolio is for long-term investments and is managed through Chandler Asset Management (Chandler).
Together, the short and long-term investment accounts represent the City’s investment portfolio.
Attachment A includes an Investment Information Summary and a Monthly Account Statement prepared by Chandler. The book value represents the cost of investments, plus or minus amortization/accretion. As of April 30, 2026, the total market value of the managed investment portfolio, including accrued interest, was $91,478,035 as compared to $91,300,404 at March 31, 2026. The weighted average investment yield for March 31, 2026 was
4.04%, which was slightly higher than the prior month. The City’s LAIF had a total market value, including accrued interest, of $16,228,105 at April 30, 2026, which brings the total value of the City’s investment portfolio as of April 30, 2026, to $107,706,140, as compared to the balance of $108,774,800 at March 31, 2026.
The City has restricted cash and investments held in the post-employment benefits trust accounts for both Pension and Other Post Employment Benefits (OPEB), administered by PARS, which are managed by PFM Asset Management (PFM), and the City's various bond reserve accounts, which are managed by Chandler. Attachment A includes monthly statements from US Bank for the PARS accounts, as well as a portfolio report from Chandler for each bond reserve account that is invested. As of April 30, 2026, the market value of the PARS pension account, including short-term cash and accrued interest, was $14,487,263 as compared to $13,667,707 from the prior month. The OPEB account had a market value of $514,884 as compared to $490,091 from the prior month. All other restricted cash investments (bond reserve accounts), including short-term cash and accrued interest, were $681,769 in comparison to $724,886 from the prior month.
Pursuant to the City's investment policy, except for LAIF, direct time certificates of deposit, and money market mutual funds, all City investments are held by third-party custodians. The Bank of New York Mellon Trust Company, N.A. (BNY) holds accounts managed by Chandler, and US Bank holds the PARS accounts managed by PFM, which acts as an agent of the City. All securities are held in the name of the City of Brea. The City of Brea has sufficient cash flow to meet its expected expenditures for the next six months.
FISCAL IMPACT/SUMMARY
In March, the City’s managed investment portfolio experienced a net decrease of $1,068,660, primarily due to a $1.3 million withdrawal from LAIF to fund one-time expenditures. These expenditures included a $1.1 million payment to the Orange County Sanitation District for sewer fees collected largely in connection with the AMLI Apartments development at the Brea Mall, as well as a $200,000 payment to Motorola Solutions related to the Integrated Crime Center Project.
Despite the LAIF withdrawal, the portfolio realized an investment gain of $231,340 as a result of favorable market conditions. Similarly, the PARS investment accounts recorded a gain of $844,349 during the reporting period due to positive market performance. Bond reserve account balances decreased by $43,117, primarily due to payments made to bondholders for the 2021 Lease Revenue Bonds on April 1.
Attachments
Attachmet A - City - April 2026.pdf
City of Brea
Cash and Investment Information
Book Market
Value Value*
Demand and Interest-Bearing Checking Accounts Citizen's Bank $ 10,534,809.62 $ 10,534,809.62 Local Agency Investment Fund LAIF $ 16,176,363.94 $ 16,228,105.41 Managed Investment Portfolio - CHANDLER Chandler/BNY $ 90,846,062.02 $ 91,478,035.21 PARS Post-Employment Benefits Trust - Pension** PFM/US Bank $ 12,706,530.46 $ 14,487,262.56 PARS Post-Employment Benefits Trust - OPEB** PFM/US Bank $ 467,900.04 $ 514,884.37 Fiscal Agent Cash & Investments**
2017 Brea Plaza Public Improvements CFD Bonds (CFD 2008-2) Chandler/BNY $ 673,773.57 $ 680,671.48 2019 Olinda Ranch Public Improvements CFD Bonds (CFD 1997-1) Chandler/BNY $ 30.09 $ 30.09 2019 Water Revenue Bonds Chandler/BNY $ 378.86 $ 378.86 2020 Water Revenue Refunding Bonds Chandler/BNY $ 363.97 $ 363.97 2021 Lease Revenue Refunding Bonds Chandler/BNY $ 324.66 $ 324.66 Sub-total - Fiscal Agent Cash & Investments $ 674,871.15 $ 681,769.06 Report Grand Total $ 131,406,537.23 $ 133,924,866.23
* Includes accrued interest on invested funds
** Reserve Fund
April 30, 2026
ATTACHMENT A Page 1 of 199
City of Brea
Cash and Investment Information
Fiscal Agent Cash & Investments Detail
10600 2017 Brea Plaza Public Improvements CFD Bonds (CFD 2008-2) - CHANDLER $ 660,527.01 $ 667,424.92 Short-Term Treasury Funds - BNY $ 13,246.56 $ 13,246.56 Sub-total $ 673,773.57 $ 680,671.48
2019 Olinda Ranch Public Improvements Bonds (CFD 1997-1) - CHANDLER $ - $ - Short-Term Treasury Funds - BNY $ 30.09 $ 30.09
Sub-total $ 30.09 $ 30.09
2019 Water Revenue Bonds - CHANDLER $ - $ -
Short-Term Treasury Funds - BNY $ 378.86 $ 378.86
Sub-total $ 378.86 $ 378.86
2020 Water Revenue Refunding Bonds - CHANDLER $ - $ -
Short-Term Treasury Funds - BNY $ 363.97 $ 363.97
Sub-total $ 363.97 $ 363.97
Report Grand Total $ 674,871.15 $ 681,769.06
Book
Value
Market
Value
April 30, 2026
ATTACHMENT A Page 2 of 199
MONTHLY ACCOUNT STATEMENT
City of Brea LAIF | Account #10164 | As of April 30, 2026 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.
Chandler Team:
For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:
ATTACHMENT A
City of Brea LAIF | Account #10164 | As of April 30, 2026 Execution Time: 05/06/2026 10:04:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality*
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (03/01/12)
City of Brea LAIF 0.33% 0.95% 1.30% 4.33% 4.48% 4.32% 3.03% 2.23% 1.67% Average Modified Duration 0.00
Average Coupon 3.80%
Average Purchase YTM 3.81%
Average Market YTM 3.81%
Average Credit Quality* AAA
Average Final Maturity 0.00
Average Life 0.00
End Values as of
03/31/2026
End Values as of
04/30/2026
Market Value 17,474,395.33 16,228,105.41
Accrued Interest 0.00 0.00
Total Market Value 17,474,395.33 16,228,105.41
Income Earned 0.00 152,753.76
Cont/WD 1,500,000.00 (1,300,000.00)
Par 17,474,395.33 16,228,105.41
Book Value 17,474,395.33 16,228,105.41
Cost Value 17,474,395.33 16,228,105.41
LAIF 99.68%
**Periods over 1 year are annualized.
Benchmark: NO BENCHMARK REQUIRED
*The average credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.
ATTACHMENT A Page 4 of 199
City of Brea LAIF | Account #10164 | As of April 30, 2026 Execution Time: 05/06/2026 10:04:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Book Value 17,474,395.33 29,381,670.58
Maturities/Calls 0.00 0.00
Principal Paydowns 0.00 0.00
Purchases 152,753.76 18,871,536.20
Sales (1,300,000.00) (31,800,000.00)
Change in Cash, Payables, Receivables (99,043.68) (225,101.37) Amortization/Accretion 0.00 0.00
Realized Gain (Loss) 0.00 0.00
Ending Book Value 16,228,105.41 16,228,105.41
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 17,474,395.33 29,381,670.58
Maturities/Calls 0.00 0.00
Principal Paydowns 0.00 0.00
Purchases 152,753.76 18,871,536.20
Sales (1,300,000.00) (31,800,000.00)
Change in Cash, Payables, Receivables (99,043.68) (225,101.37) Amortization/Accretion 0.00 0.00
Change in Net Unrealized Gain (Loss) 0.00 0.00
Realized Gain (Loss) 0.00 0.00
Ending Market Value 16,228,105.41 16,228,105.41
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date 0.00
Principal Paydowns
Month to Date 0.00
Fiscal Year to Date 0.00
Purchases
Month to Date 152,753.76
Fiscal Year to Date 18,871,536.20
Sales
Month to Date (1,300,000.00)
Fiscal Year to Date (31,800,000.00)
Interest Received
Month to Date 152,753.76
Fiscal Year to Date 571,536.20
Purchased / Sold Interest
Month to Date 0.00
Fiscal Year to Date 0.00
ATTACHMENT A Page 5 of 199
City of Brea LAIF | Account #10164 | As of April 30, 2026 Execution Time: 05/06/2026 10:04:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
CCYUSD Receivable 51,741.47 -- 51,741.47
51,741.47
1.00 51,741.47
0.00 0.32%
0.00 Aaa/AAA
AAA
0.00 0.00
Total Cash 51,741.47
51,741.47
51,741.47
1.00 51,741.47
0.00 0.32%
0.00 0.00
0.00 LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 16,176,363.94 --3.81%
16,176,363.94
16,176,363.94
1.00 3.81%
16,176,363.94
0.00 99.68%
0.00 NA/NA
NA
0.00 0.00
Total LAIF 16,176,363.94 3.81%
16,176,363.94
16,176,363.94
1.00 3.81%
16,176,363.94
0.00 99.68%
0.00 0.00
0.00 Total Portfolio 16,228,105.41 3.81%
16,228,105.41
16,228,105.41
1.00 3.81%
16,228,105.41
0.00 100.00%
0.00 0.00
0.00 Total Market Value
+ Accrued 16,228,105.41
ATTACHMENT A Page 6 of 199
City of Brea LAIF | Account #10164 | As of April 30, 2026 Execution Time: 05/06/2026 10:04:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 04/15/2026 90LAIF$00 152,753.76
Local Agency
Investment Fund State
Pool
1.000 3.81% (152,753.76) 0.00 (152,753.76) 0.00
Total Purchase 152,753.76 (152,753.76) 0.00 (152,753.76) 0.00 TOTAL
ACQUISITIONS 152,753.76 (152,753.76) 0.00 (152,753.76) 0.00
DISPOSITIONS
Sale 04/09/2026 90LAIF$00 (1,300,000.00)
Local Agency
Investment Fund State
Pool
1.000 3.82% 1,300,000.00 0.00 1,300,000.00 0.00
Total Sale (1,300,000.00) 1,300,000.00 0.00 1,300,000.00 0.00 TOTAL
DISPOSITIONS (1,300,000.00) 1,300,000.00 0.00 1,300,000.00 0.00 OTHER
TRANSACTIONS
Cash Transfer 04/09/2026 CCYUSD (1,300,000.00) Cash 0.00% (1,300,000.00) 0.00 (1,300,000.00) 0.00 Total Cash
Transfer (1,300,000.00) (1,300,000.00) 0.00 (1,300,000.00) 0.00 Dividend 04/15/2026 90LAIF$00 0.00
Local Agency
Investment Fund State
Pool
3.81% 1,968.61 0.00 1,968.61 0.00
Total Dividend 0.00 1,968.61 0.00 1,968.61 0.00
TOTAL OTHER
TRANSACTIONS (1,300,000.00) (1,298,031.39) 0.00 (1,298,031.39) 0.00 ATTACHMENT A Page 7 of 199
City of Brea LAIF | Account #10164 | As of April 30, 2026 Execution Time: 05/06/2026 10:04:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
CASH & EQUIVALENTS
CCYUSD Receivable
51,741.47
150,785.15
0.00 0.00
51,741.47
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 Total Cash & Equivalents 51,741.47
150,785.15
0.00 0.00
51,741.47
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00 0.00
LAIF
90LAIF$00 Local Agency Investment
Fund State Pool 16,176,363.94
17,323,610.18
152,753.76
(1,300,000.00)
16,176,363.94
0.00 152,753.76
0.00 152,753.76
0.00 0.00
0.00 152,753.76
152,753.76
Total LAIF 16,176,363.94
17,323,610.18
152,753.76
(1,300,000.00)
16,176,363.94
0.00 152,753.76
0.00 152,753.76
0.00 0.00
0.00 152,753.76 152,753.76
TOTAL PORTFOLIO 16,228,105.41
17,474,395.33
152,753.76
(1,300,000.00)
16,228,105.41
0.00 152,753.76
0.00 152,753.76
0.00 0.00
0.00 152,753.76 152,753.76
ATTACHMENT A Page 8 of 199
City of Brea LAIF | Account #10164 | As of April 30, 2026 Execution Time: 05/06/2026 10:04:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount JULY 2026
07/15/2026 Dividend 90LAIF$00 16,176,363.94 Local Agency Investment Fund State Pool 51,741.47 51,741.47 July 2026 Total 51,741.47 51,741.47
Grand Total 16,176,363.94 51,741.47 51,741.47
ATTACHMENT A Page 9 of 199
City of Brea LAIF | Account #10164 | As of April 30, 2026 Execution Time: 05/06/2026 10:04:57 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
IMPORTANT DISCLOSURES
Chandler Asset Management, Inc. (“Chandler”) is an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV).
To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.
Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.
Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.
Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.
Performance: Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.
Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN “AS IS” BASIS; ICE, ITS AFFILIATES AND
THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM.
NEITHER ICE DATA, ITS AFFILIATES OR THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN “AS IS” BASIS AND LICENSEE’S USE IS AT LICENSEE’S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.
Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.
Ratings: Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.
Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest.
LGIP Yields: Reported yields for local government investment pools may be presented as either the 30-day yield or the monthly distribution yield, as applicable. For certain funds, the 30-day yield is calculated using reported daily yield data. Yield calculations are subject to change and may not be directly comparable across funds.
LAIF Yields: Additional Disclosure for CA Clients - As a result of a reporting lag from the Local Agency Investment Fund (LAIF), reported LAIF yields represent the most recently available Daily Effective Yield and may reflect data from approximately 7–10 days prior to month-end.
ATTACHMENT A Page 10 of 199
MONTHLY ACCOUNT STATEMENT
City of Brea | Account #120 | As of April 30, 2026
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.
Chandler Team:
For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:
Bank of New York Mellon
ATTACHMENT A
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality*
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (05/01/96)
City of Brea 0.19% 0.24% 0.47% 3.58% 5.48% 4.38% 1.84% 2.02% 3.47% Benchmark Return 0.15% 0.18% 0.34% 3.01% 5.15% 3.83% 1.49% 1.71% 3.14% Average Modified Duration 2.58
Average Coupon 3.75%
Average Purchase YTM 4.04%
Average Market YTM 4.08%
Average Credit Quality* AA
Average Final Maturity 3.05
Average Life 2.85
End Values as of
03/31/2026
End Values as of
04/30/2026
Market Value 90,699,904.96 90,834,298.54
Accrued Interest 600,499.28 643,736.67
Total Market Value 91,300,404.25 91,478,035.21
Income Earned 457,630.96 299,461.56
Cont/WD 0.00 0.00
Par 91,368,195.60 91,639,666.58
Book Value 90,591,252.74 90,846,062.02
Cost Value 90,312,112.51 90,547,372.66
United States 45.93%
Federal Home Loan Mortgage Corp 11.28%
International Bank for Recon and Dev 2.20%
American Express Credit Master Trust 1.67%
Berkshire Hathaway Inc. 1.17%
Honda Auto Receivables Owner Trust 1.15%
Florida Power & Light 1.13%
Abbvie Inc. 1.12%
**Periods over 1 year are annualized.
Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index *The average credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.
ATTACHMENT A Page 12 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Book Value 90,591,252.74 96,304,754.95
Maturities/Calls (1,915,000.00) (3,465,000.00)
Principal Paydowns (458,752.03) (1,162,925.25)
Purchases 5,587,166.61 43,301,121.39
Sales (2,975,627.14) (44,524,448.46)
Change in Cash, Payables, Receivables (889.27) 818.83
Amortization/Accretion 18,436.73 170,508.87
Realized Gain (Loss) (525.61) 217,869.91
Ending Book Value 90,846,062.02 90,846,062.02
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 90,699,904.96 96,723,691.95
Maturities/Calls (1,915,000.00) (3,465,000.00)
Principal Paydowns (458,752.03) (1,162,925.25)
Purchases 5,587,166.61 43,301,121.39
Sales (2,975,627.14) (44,524,448.46)
Change in Cash, Payables, Receivables (889.27) 818.83
Amortization/Accretion 18,436.73 170,508.87
Change in Net Unrealized Gain (Loss) (120,415.71) (430,700.49) Realized Gain (Loss) (525.61) 217,869.91
Ending Market Value 90,834,298.54 90,834,298.54
Maturities / Calls
Month to Date (1,915,000.00)
Fiscal Year to Date (3,465,000.00)
Principal Paydowns
Month to Date (458,752.03)
Fiscal Year to Date (1,162,925.25)
Purchases
Month to Date 5,587,166.61
Fiscal Year to Date 43,301,121.39
Sales
Month to Date (2,975,627.14)
Fiscal Year to Date (44,524,448.46)
Interest Received
Month to Date 248,297.39
Fiscal Year to Date 2,707,298.88
Purchased / Sold Interest
Month to Date (10,509.95)
Fiscal Year to Date 141,448.80
ATTACHMENT A Page 13 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
47800BAC2 JDOT 2022-C A3 5.09
06/15/2027 37,944.60 10/12/20223.29%
37,941.66
37,943.96
100.05
4.65%
37,963.42
85.84 0.04%
19.46 Aaa/NA
AAA
1.13 0.08
36269WAD1 GMALT 2024-2 A3 5.39
07/20/2027 126,759.50 05/07/20245.85%
126,752.14
126,756.68
100.24
3.69%
127,064.87
208.77
0.14%
308.19
NA/AAA
AAA
1.22 0.14
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 204,492.99 05/17/20245.73%
204,469.06
204,481.75
100.54
3.78%
205,588.05
483.51
0.23%
1,106.30
Aaa/NA
AAA
1.72 0.34
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 440,000.00 05/20/20254.84%
439,992.70
439,994.96
100.44
4.08%
441,925.88
615.76
0.49%
1,930.92
NA/AAA
AAA
2.06 0.81
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 965,000.00 09/07/2023
5.23%
964,732.50
964,872.91
100.45
3.98%
969,324.17
2,213.07
1.07%
4,451.25
NA/AAA
AAA
2.38 0.36
437930AC4 HAROT 2024-2 A3 5.27
11/20/2028 226,383.08 05/14/20245.27%
226,355.57
226,367.46
100.79
3.98%
228,160.87
430.82
0.25%
1,793.42
NA/AAA
AAA
2.56 0.58
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 300,487.21 06/04/20245.18%
300,441.56
300,459.84
100.79
3.88%
302,846.33
259.42
0.33%
2,386.50
Aaa/AAA
NA
2.83 0.58
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 429,231.03 06/11/2024
5.81%
429,147.12
429,180.18
100.90
4.11%
433,114.29
992.00
0.48%
3,934.11
Aaa/NA
AAA
2.87 0.78
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 515,340.69 08/09/20244.66%
515,259.73
515,289.64
100.37
4.05%
517,269.10
654.20
0.57%
1,979.46
Aaa/NA
AAA
2.89 0.65
02582JKH2 AMXCA 2024-1 A 5.23
04/16/2029 720,000.00 04/16/20245.30%
719,852.40
719,912.28
101.20
3.99%
728,612.64
1,673.60
0.80%
8,700.36
NA/AAA
AAA
2.96 0.91
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029 460,000.00 06/06/20244.93%
459,974.19
459,984.11
100.97
4.01%
464,445.90
1,007.91
0.51%
4,461.79
Aaa/AAA
NA
3.04 0.99
89240JAD3 TAOT 2025-A A3 4.64
08/15/2029 565,000.00 01/22/20254.69%
564,977.34
564,983.58
100.57
4.06%
568,221.63
1,165.16
0.63%
3,238.05
Aaa/NA
AAA
3.29 0.91
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 460,000.00 03/04/2025
5.09%
459,971.07
459,978.36
100.20
4.14%
460,909.42
864.80
0.51%
931.06
Aaa/NA
AAA
3.38 1.56
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 515,000.00 10/17/20244.29%
514,923.47
514,946.80
100.34
4.08%
516,765.42
981.93
0.57%
1,818.62
Aaa/AAA
NA
3.46 1.38
44935CAD3 HART 2025-A A3 4.32
10/15/2029 575,000.00 03/04/20254.84%
574,915.19
574,936.17
100.31
4.07%
576,810.10
1,104.00
0.64%
1,873.93
NA/AAA
AAA
3.46 1.10
437921AD1 HAROT 252 A3 4.15 10/15/2029 300,000.00 04/29/2025
4.15%
299,966.49
299,973.89
100.02
4.17%
300,063.30
553.33
0.33%
89.41 Aaa/NA
AAA
3.46 1.23
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029 375,000.00 01/09/20255.03%
374,972.14
374,979.44
100.55
4.01%
377,049.00
721.88
0.42%
2,069.56
Aaa/NA
AAA
3.63 0.83
ATTACHMENT A Page 14 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
58773DAD6 MBART 2025-1 A3 4.78
12/17/2029 545,000.00 01/14/20254.84%
544,884.08
544,914.08
100.78
3.96%
549,268.99
1,157.82
0.60%
4,354.90
Aaa/NA
AAA
3.63 0.90
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030 790,000.00 05/06/20254.28%
789,985.70
789,988.51
100.26
4.17%
792,085.60
1,502.76
0.87%
2,097.09
NA/AAA
AAA
3.96 1.84
Total ABS 8,550,639.10 4.92%
8,549,514.11
8,549,944.60
100.55
4.04%
8,597,488.96
16,676.56
9.47%
47,544.36
3.06 0.94
AGENCY
3133EPGW9
FEDERAL FARM CREDIT
BANKS FUNDING CORP 3.875
04/25/2028
950,000.00 05/05/2023
3.55%
963,775.00
955,505.44
99.92 3.92%
949,276.10
613.54
1.05%
(6,229.34)
Aa1/AA+
AA+
1.99 1.89
Total Agency 950,000.00 3.55%
963,775.00
955,505.44
99.92 3.92%
949,276.10
613.54
1.05%
(6,229.34)
1.99 1.89
AGENCY CMBS
3137BQYS0 FHMS K-056 A2 2.525
05/25/2026 157,564.30 01/31/20221.67%
162,315.85
157,564.30
99.74 3.70%
157,160.15
331.54
0.17%
(404.15)
Aa1/AA+
AAA
0.07 0.07
3137BXQY1 FHMS K-064 A2 3.224
03/25/2027 1,000,000.00 05/06/20223.23%
997,929.69
999,641.38
99.29 3.95%
992,860.00
2,686.67
1.09%
(6,781.38)
Aa1/AAA
AA+
0.90 0.71
3137FEZU7 FHMS K-076 A2 3.9 04/25/2028 1,200,000.00 04/20/2023
4.12%
1,187,062.50
1,194,969.95
99.38 4.13%
1,192,614.00
3,900.00
1.31%
(2,355.95)
Aa1/AA+
AAA
1.99 1.77
3137FGR31 FHMS K-078 A2 3.854
06/25/2028 1,300,000.00 09/18/20235.02%
1,240,890.63
1,273,736.83
99.23 4.16%
1,289,990.00
4,175.17
1.42%
16,253.17
Aa1/AA+
AAA
2.15 1.90
3137FJKE8 FHMS K-082 A2 3.92 09/25/2028 600,000.00 11/28/2023
4.74%
578,718.75
589,531.00
99.30 4.15%
595,811.40
1,960.00
0.66%
6,280.40
Aa1/AA+
AAA
2.41 2.18
3137H5YC5 FHMS K-748 A2 2.26 01/25/2029 1,500,000.00 03/25/2024
4.61%
1,350,820.31
1,416,322.20
95.13 4.18%
1,426,963.50
2,825.00
1.57%
10,641.30
Aa1/AA+
AAA
2.74 2.52
3137FLMV3 FHMS K-090 A2 3.422
02/25/2029 1,000,000.00 07/29/2024
4.46%
957,070.31
973,752.16
97.98 4.15%
979,834.00
2,851.67
1.08%
6,081.84
Aa1/AAA
AA+
2.82 2.58
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030 1,000,000.00 06/06/20254.37%
905,039.06
923,517.95
92.62 4.22%
926,235.00
1,724.17
1.02%
2,717.05
Aa1/AA+
AAA
3.74 3.49
3137F83Q4 FHMS K-121 A2 1.547
10/25/2030 2,000,000.00 01/07/20263.98%
1,790,000.00
1,803,284.97
89.01 4.27%
1,780,208.00
2,578.33
1.96%
(23,076.97)
Aa1/AA+
AAA
4.49 4.22
3137FXZ35 FHMS K-127 A2 2.108
01/25/2031 1,000,000.00 02/03/20264.11%
910,937.50
915,116.97
90.79 4.28%
907,923.00
1,756.67
1.00%
(7,193.97)
Aa1/AA+
AAA
4.74 4.37
ATTACHMENT A Page 15 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Agency CMBS 10,757,564.30 4.24%
10,080,784.60
10,247,437.69
95.46 4.17%
10,249,599.05
24,789.21
11.28%
2,161.36
2.92 2.67
CASH
CCYUSD Receivable 1,552.80 -- 1,552.80
1,552.80
1.00 1,552.80
0.00 0.00%
0.00 Aaa/AAA
AAA
0.00 0.00
Total Cash 1,552.80
1,552.80
1,552.80
1.00 1,552.80
0.00 0.00%
0.00 0.00
0.00 CORPORATE
26442CAS3 DUKE ENERGY CAROLINAS LLC
2.95 12/01/2026 800,000.00 01/13/20221.82%
840,136.00
802,926.34
99.39 4.02%
795,084.00
9,833.33
0.88%
(7,842.34)
Aa3/A
NA
0.59 0.56
87612EBM7 TARGET CORP 1.95 01/15/2027 535,000.00 01/19/2022
1.99%
534,090.50
534,870.36
98.63 3.93%
527,683.88
3,071.79
0.58%
(7,186.48)
A2/A
A
0.71 0.69
808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027 750,000.00 03/09/20222.73%
740,115.00
748,336.19
98.66 4.09%
739,961.25
2,960.42
0.81%
(8,374.94)
A2/AA0.84
0.82 084664CZ2 BERKSHIRE HATHAWAY FINANCE
CORP 2.3 03/15/2027 1,080,000.00 03/07/20222.30%
1,079,794.80
1,079,964.26
98.55 4.01%
1,064,319.48
3,174.00
1.17%
(15,644.78)
Aa2/AA
A+
0.87 0.85
79466LAQ7 SALESFORCE INC 4.5 03/15/2028 595,000.00 03/12/2026
4.37%
596,441.45
596,341.12
100.09
4.44%
595,558.71
3,570.00
0.66%
(782.42)
A2/A+
NA
1.88 1.69
46647PAM8 JPMORGAN CHASE & CO 3.509
01/23/2029 1,000,000.00 01/19/20245.14%
941,600.00
974,737.30
98.52 4.58%
985,244.00
9,552.28
1.08%
10,506.70
A1/A
AA2.731.64
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 490,000.00 02/21/20244.86%
489,828.50
489,903.13
101.65
4.22%
498,087.45
4,290.90
0.55%
8,184.32
A1/AANA2.83
2.52 89236TMF9 TOYOTA MOTOR CREDIT CORP
5.05 05/16/2029 500,000.00 05/21/20245.00%
501,040.00
500,635.21
102.07
4.31%
510,368.50
11,572.92
0.56%
9,733.29
A1/A+
A+
3.04 2.74
341081GT8 FLORIDA POWER & LIGHT CO
5.15 06/15/2029 1,000,000.00 06/13/20244.82%
1,013,864.64
1,008,493.37
102.49
4.29%
1,024,927.00
19,455.56
1.13%
16,433.63
Aa2/A+
AA3.132.67
437076DC3 HOME DEPOT INC 4.75
06/25/2029 950,000.00 06/17/20244.88%
944,586.45
946,587.63
101.55
4.22%
964,709.80
15,793.75
1.06%
18,122.17
A2/A
A
3.15 2.79
713448FX1 PEPSICO INC 4.5 07/17/2029 830,000.00 07/15/2024
4.53%
828,713.50
829,173.57
100.86
4.21%
837,096.50
10,790.00
0.92%
7,922.93
A1/A+
NA
3.21 2.86
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 505,000.00 08/12/20244.52%
507,853.00
506,861.21
100.90
4.35%
509,557.12
4,957.42
0.56%
2,695.92
A2/A
A
3.29 2.92
69371RT48 PACCAR FINANCIAL CORP 4.0
09/26/2029 600,000.00 --4.02%
599,541.65
599,687.74
99.56 4.14%
597,381.00
2,333.33
0.66%
(2,306.74)
A1/A+
NA
3.41 3.14
ATTACHMENT A Page 16 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
61748UAK8 MORGAN STANLEY 4.133
10/18/2029 695,000.00 10/17/20254.25%
695,087.10
695,071.87
98.97 4.58%
687,819.26
1,037.27
0.76%
(7,252.61)
A1/AA+3.47
2.31 38141GD27 GOLDMAN SACHS GROUP INC
4.153 10/21/2029 735,000.00 --4.29%
735,090.00
735,074.23
98.95 4.58%
727,314.11
847.90
0.80%
(7,760.13)
A2/BBB+
A
3.48 2.32
95000U4D2 WELLS FARGO & CO 4.182
01/23/2030 580,000.00 01/15/20264.24%
580,000.00
580,000.00
99.12 4.49%
574,869.90
6,602.91
0.63%
(5,130.10)
A1/BBB+
A+
3.73 2.52
63743HFX5
NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP
4.95 02/07/2030
1,000,000.00 --
4.88%
1,002,776.40
1,002,304.13
101.74
4.44%
1,017,449.00
11,550.00
1.12%
15,144.87
A2/NA
A
3.77 3.30
00287YDZ9 ABBVIE INC 4.875 03/15/2030 1,000,000.00 --
4.64%
1,009,826.00
1,007,907.33
101.76
4.37%
1,017,594.00
6,229.17
1.12%
9,686.67
A2/ANA3.87
3.41 571748CA8
MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030
1,000,000.00 --
4.59%
1,002,366.00
1,001,912.15
100.50
4.51%
1,005,040.00
5,941.67
1.11%
3,127.85
A3/AA3.87
3.42 743315AW3 PROGRESSIVE CORP 3.2
03/26/2030 1,000,000.00 11/14/20254.16%
962,050.00
965,988.21
95.73 4.40%
957,261.00
3,111.11
1.05%
(8,727.21)
A2/A
A
3.90 3.60
857477DB6 STATE STREET CORP 4.834
04/24/2030 1,000,000.00 --4.64%
1,008,346.00
1,006,784.68
101.49
4.42%
1,014,885.00
939.94
1.12%
8,100.32
Aa3/A
AA3.983.52
828807DK0 SIMON PROPERTY GROUP LP
2.65 07/15/2030 1,000,000.00 08/19/20254.32%
926,690.00
937,092.65
93.00 4.49%
929,995.00
7,802.78
1.02%
(7,097.65)
A3/A
NA
4.21 3.88
24422EYF0 JOHN DEERE CAPITAL CORP
4.375 10/15/2030 1,000,000.00 11/04/20254.21%
1,007,320.00
1,006,602.19
99.84 4.41%
998,429.00
1,944.44
1.10%
(8,173.19)
A1/A
A+
4.46 4.00
30303MAB8 META PLATFORMS INC 4.2
11/15/2030 750,000.00 11/12/20254.11%
753,000.00
752,723.93
98.83 4.49%
741,234.00
15,575.00
0.82%
(11,489.93)
Aa3/AANA4.54
4.00 717081FD0 PFIZER INC 4.2 11/15/2030 900,000.00 12/16/2025
4.10%
903,906.00
903,606.90
99.21 4.39%
892,893.60
16,800.00
0.98%
(10,713.30)
A2/A
NA
4.54 4.01
665859AY0 NORTHERN TRUST CORP 4.15
11/19/2030 850,000.00 11/12/20254.16%
849,583.50
849,620.68
99.18 4.35%
843,030.00
15,873.75
0.93%
(6,590.68)
A2/A+
A+
4.56 4.03
74456QCX2 PUBLIC SERVICE ELECTRIC AND
GAS CO 4.2 01/01/2031 750,000.00 01/06/20264.20%
749,970.00
749,971.88
98.86 4.47%
741,456.75
9,975.00
0.82%
(8,515.13)
A1/A
NA
4.67 4.14
14913UBH2 CATERPILLAR FINANCIAL
SERVICES CORP 4.15 01/08/2031 880,000.00 01/05/20264.16% 879,683.20
879,702.80
99.07 4.37%
871,808.08
11,463.22
0.96%
(7,894.72)
A1/A
A+
4.69 4.16
89236TPH2 TOYOTA MOTOR CREDIT CORP
4.2 01/10/2031 475,000.00 01/07/20264.21%
474,852.75
474,861.55
98.85 4.47%
469,551.75
6,040.42
0.52%
(5,309.80)
A1/A+
A+
4.70 4.16
756109AX2 REALTY INCOME CORP 3.25
01/15/2031 1,000,000.00 01/14/20264.27%
954,510.00
957,150.71
94.12 4.65%
941,212.00
9,569.44
1.04%
(15,938.71)
A3/ANA4.71
4.25 ATTACHMENT A Page 17 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
92826CAZ5 VISA INC 4.1 02/12/2031 590,000.00 02/03/2026
4.13%
589,209.40
589,243.17
99.72 4.16%
588,336.79
5,308.36
0.65%
(906.38)
Aa3/AANA4.79
4.26 02079KBK2 ALPHABET INC 4.1 02/15/2031 1,000,000.00 02/12/2026
4.10%
1,000,058.52
1,000,056.00
98.83 4.37%
988,266.00
8,883.33
1.09%
(11,790.00)
Aa2/AA+
NA
4.80 4.26
Total Corporate 25,840,000.00 4.17%
25,701,930.36
25,714,192.47
99.35 4.36%
25,658,423.92
246,851.42
28.25%
(55,768.56)
3.50 3.03
MONEY MARKET
FUND
316175884 FIDELITY IMM:TRS III 674,910.37 --
3.28%
674,910.37
674,910.37
1.00 3.28%
674,910.37
0.00 0.74%
0.00 Aaa/
AAAm
AAA
0.00 0.00
Total Money
Market Fund 674,910.37 3.28%
674,910.37
674,910.37
1.00 3.28%
674,910.37
0.00 0.74%
0.00 0.00
0.00 MUNICIPAL
BONDS
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029 965,000.00 10/30/20244.38%
970,085.55
968,492.27
101.31
4.06%
977,643.43
10,856.25
1.08%
9,151.16
Aa2/AAAA3.25
2.97 Total Municipal
Bonds 965,000.00 4.38%
970,085.55
968,492.27
101.31
4.06%
977,643.43
10,856.25
1.08%
9,151.16
3.25 2.97
SUPRANATIONAL
459058LN1
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
1,000,000.00 12/12/2024
4.25%
983,720.00
988,360.91
99.69 3.97%
996,871.00
1,610.00
1.10%
8,510.10
Aaa/AAA
NA
3.46 3.20
459058LR2
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
1,000,000.00 03/14/2025
4.20%
996,600.00
997,357.83
100.48
3.99%
1,004,781.00
4,697.92
1.11%
7,423.17
Aaa/AAA
NA
3.89 3.54
Total
Supranational 2,000,000.00 4.23%
1,980,320.00
1,985,718.74
100.08
3.98%
2,001,652.00
6,307.92
2.20%
15,933.26
3.68 3.37
US TREASURY
91282CCW9 UNITED STATES TREASURY 0.75
08/31/2026 480,000.00 09/17/2021
0.86%
477,393.75
479,823.94
99.02 3.73%
475,305.12
606.52
0.52%
(4,518.82)
Aa1/AA+
AA+
0.34 0.33
ATTACHMENT A Page 18 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CCZ2 UNITED STATES TREASURY 0.875
09/30/2026 2,820,000.00 --1.08%
2,791,946.88
2,817,645.49
98.84 3.71%
2,787,304.92
2,089.96
3.07%
(30,340.57)
Aa1/AA+
AA+
0.42 0.41
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 2,250,000.00 --3.12%
2,263,417.97
2,253,152.69
99.36 3.81%
2,235,586.50
24,442.33
2.46%
(17,566.19)
Aa1/AA+
AA+
1.17 1.12
91282CFB2 UNITED STATES TREASURY 2.75
07/31/2027 600,000.00 08/22/20223.12%
589,828.13
597,427.41
98.68 3.84%
592,078.20
4,102.21
0.65%
(5,349.21)
Aa1/AA+
AA+
1.25 1.21
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 700,000.00 03/14/20233.91%
698,878.91
699,610.09
99.98 3.89%
699,836.20
9,066.64
0.77%
226.11
Aa1/AA+
AA+
1.67 1.58
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028 2,500,000.00 02/16/2023
4.05%
2,438,378.91
2,478,199.28
99.35 3.89%
2,483,692.50
21,754.14
2.73%
5,493.22
Aa1/AA+
AA+
1.76 1.67
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 2,500,000.00 --4.07%
2,491,714.85
2,496,984.41
100.20
3.88%
2,504,980.00
16,847.83
2.76%
7,995.59
Aa1/AA+
AA+
1.84 1.74
91282CHE4 UNITED STATES TREASURY 3.625
05/31/2028 2,425,000.00 --4.03%
2,381,062.51
2,406,397.64
99.46 3.89%
2,412,021.40
36,708.10
2.66%
5,623.76
Aa1/AA+
AA+
2.08 1.96
91282CHX2 UNITED STATES TREASURY 4.375
08/31/2028 400,000.00 09/25/20234.62%
395,781.25
398,001.89
101.04
3.90%
404,156.40
2,948.37
0.44%
6,154.51
Aa1/AA+
AA+
2.34 2.18
91282CJF9 UNITED STATES TREASURY 4.875
10/31/2028 600,000.00 10/27/20234.79%
602,273.44
601,137.34
102.28
3.91%
613,663.80
79.48 0.68%
12,526.46
Aa1/AA+
AA+
2.50 2.34
91282CJN2 UNITED STATES TREASURY 4.375
11/30/2028 625,000.00 12/28/20233.83%
640,234.38
632,998.47
101.13
3.91%
632,055.63
11,418.27
0.70%
(942.85)
Aa1/AA+
AA+
2.59 2.38
91282CJR3 UNITED STATES TREASURY 3.75
12/31/2028 2,100,000.00 --3.98%
2,078,330.08
2,088,370.65
99.59 3.91%
2,091,385.80
26,322.51
2.30%
3,015.15
Aa1/AA+
AA+
2.67 2.48
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029 1,500,000.00 02/16/20244.31%
1,479,375.00
1,488,511.21
100.22
3.91%
1,503,340.50
14,917.13
1.66%
14,829.29
Aa1/AA+
AA+
2.76 2.56
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,300,000.00 --4.47%
2,264,699.22
2,279,228.14
100.57
3.92%
2,313,027.20
8,035.86
2.55%
33,799.06
Aa1/AA+
AA+
2.92 2.72
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 2,150,000.00 --4.47%
2,164,254.89
2,158,593.89
101.98
3.92%
2,192,496.90
270.21
2.41%
33,903.01
Aa1/AA+
AA+
3.00 2.78
91282CKX8 UNITED STATES TREASURY 4.25
06/30/2029 1,000,000.00 07/18/20244.09%
1,007,070.31
1,004,523.12
100.95
3.93%
1,009,492.00
14,205.80
1.11%
4,968.88
Aa1/AA+
AA+
3.17 2.90
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 2,000,000.00 09/11/20243.45%
2,015,703.13
2,010,549.59
99.01 3.94%
1,980,234.00
12,214.67
2.18%
(30,315.59)
Aa1/AA+
AA+
3.34 3.09
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 1,000,000.00 10/04/20243.76%
988,125.00
991,852.67
98.59 3.95%
985,859.00
2,964.48
1.09%
(5,993.67)
Aa1/AA+
AA+
3.42 3.18
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 1,500,000.00 12/16/2024
4.25%
1,491,386.72
1,493,767.39
100.56
3.95%
1,508,437.50
25,837.91
1.66%
14,670.11
Aa1/AA+
AA+
3.59 3.25
ATTACHMENT A Page 19 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 1,000,000.00 02/13/20254.41%
992,968.75
994,680.00
100.97
3.97%
1,009,727.00
10,566.30
1.11%
15,047.00
Aa1/AA+
AA+
3.76 3.41
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 1,000,000.00 04/10/20254.00%
1,000,000.00
1,000,000.00
100.11
3.97%
1,001,055.00
6,739.13
1.10%
1,055.00
Aa1/AA+
AA+
3.83 3.50
91282CGS4 UNITED STATES TREASURY 3.625
03/31/2030 1,500,000.00 --3.76%
1,491,250.00
1,492,893.65
98.74 3.98%
1,481,074.50
4,605.53
1.63%
(11,819.15)
Aa1/AA+
AA+
3.92 3.60
91282CNK3 UNITED STATES TREASURY 3.875
06/30/2030 1,200,000.00 07/09/20253.95%
1,195,875.00
1,196,545.09
99.57 3.99%
1,194,843.60
15,542.82
1.32%
(1,701.49)
Aa1/AA+
AA+
4.17 3.76
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 2,250,000.00 --
3.70%
2,242,382.81
2,243,341.33
98.50 4.01%
2,216,162.25
13,741.51
2.44%
(27,179.08)
Aa1/AA+
AA+
4.34 3.94
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030 2,500,000.00 12/16/20253.70%
2,477,050.78
2,478,763.41
97.89 4.01%
2,447,265.00
36,538.46
2.69%
(31,498.41)
Aa1/AA+
AA+
4.59 4.12
91282CQD6 UNITED STATES TREASURY 3.5
02/28/2031 2,000,000.00 04/21/20263.87%
1,967,187.50
1,967,354.06
97.77 4.01%
1,955,312.00
11,793.48
2.15%
(12,042.06)
Aa1/AA+
AA+
4.83 4.37
91282CQG9 UNITED STATES TREASURY 3.875
03/31/2031 1,000,000.00 04/08/20263.92%
997,929.69
997,954.76
99.34 4.02%
993,359.00
3,282.10
1.09%
(4,595.76)
Aa1/AA+
AA+
4.92 4.42
Total US Treasury 41,900,000.00 3.73%
41,624,499.86
41,748,307.64
99.59 3.91%
41,723,751.92
337,641.78
45.93%
(24,555.72)
2.86 2.63
Total Portfolio 91,639,666.58 4.04%
90,547,372.66
90,846,062.02
98.44 4.08%
90,834,298.54
643,736.67
100.00%
(11,763.49)
3.05 2.58
Total Market Value
+ Accrued 91,478,035.21
ATTACHMENT A Page 20 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 04/02/2026 316175884 2,442.07 FIDELITY IMM:TRS III 1.000 3.29% (2,442.07) 0.00 (2,442.07) 0.00 Purchase 04/09/2026 91282CQG9 1,000,000.00
UNITED STATES
TREASURY 3.875
03/31/2031
99.793 3.92% (997,929.69) (952.87) (998,882.56) 0.00
Purchase 04/15/2026 316175884 75,188.38 FIDELITY IMM:TRS III 1.000 3.30% (75,188.38) 0.00 (75,188.38) 0.00 Purchase 04/15/2026 316175884 48,049.43 FIDELITY IMM:TRS III 1.000 3.30% (48,049.43) 0.00 (48,049.43) 0.00 Purchase 04/16/2026 316175884 20,823.75 FIDELITY IMM:TRS III 1.000 3.32% (20,823.75) 0.00 (20,823.75) 0.00 Purchase 04/20/2026 316175884 1,981,584.91 FIDELITY IMM:TRS III 1.000 3.29% (1,981,584.91) 0.00 (1,981,584.91) 0.00 Purchase 04/20/2026 316175884 25,961.26 FIDELITY IMM:TRS III 1.000 3.29% (25,961.26) 0.00 (25,961.26) 0.00 Purchase 04/21/2026 316175884 17,373.49 FIDELITY IMM:TRS III 1.000 3.29% (17,373.49) 0.00 (17,373.49) 0.00 Purchase 04/21/2026 316175884 39,025.26 FIDELITY IMM:TRS III 1.000 3.29% (39,025.26) 0.00 (39,025.26) 0.00 Purchase 04/22/2026 91282CQD6 2,000,000.00
UNITED STATES
TREASURY 3.5
02/28/2031
98.359 3.87% (1,967,187.50) (10,081.52) (1,977,269.02) 0.00 Purchase 04/24/2026 316175884 24,170.00 FIDELITY IMM:TRS III 1.000 3.29% (24,170.00) 0.00 (24,170.00) 0.00 Purchase 04/27/2026 316175884 277,953.48 FIDELITY IMM:TRS III 1.000 3.30% (277,953.48) 0.00 (277,953.48) 0.00 Purchase 04/27/2026 316175884 45,133.64 FIDELITY IMM:TRS III 1.000 3.30% (45,133.64) 0.00 (45,133.64) 0.00 Purchase 04/30/2026 316175884 64,343.75 FIDELITY IMM:TRS III 1.000 3.28% (64,343.75) 0.00 (64,343.75) 0.00 Total Purchase 5,622,049.42 (5,587,166.61) (11,034.39) (5,598,201.00) 0.00 TOTAL
ACQUISITIONS 5,622,049.42 (5,587,166.61) (11,034.39) (5,598,201.00) 0.00
DISPOSITIONS
Maturity 04/20/2026 4581X0DV7 (1,915,000.00)
INTER-AMERICAN
DEVELOPMENT BANK
0.875 04/20/2026
100.000 0.97% 1,915,000.00 0.00 1,915,000.00 0.00
Total Maturity (1,915,000.00) 1,915,000.00 0.00 1,915,000.00 0.00 Sale 04/09/2026 316175884 (600,184.42) FIDELITY IMM:TRS III 1.000 3.27% 600,184.42 0.00 600,184.42 0.00 Sale 04/09/2026 316175884 (348,483.70) FIDELITY IMM:TRS III 1.000 3.27% 348,483.70 0.00 348,483.70 0.00 ATTACHMENT A Page 21 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Sale 04/09/2026 26442CAS3 (50,000.00)
DUKE ENERGY
CAROLINAS LLC 2.95
12/01/2026
99.380 1.82% 49,690.00 (524.44) 50,214.44 (525.61)
Sale 04/22/2026 316175884 (1,977,269.02) FIDELITY IMM:TRS III 1.000 3.29% 1,977,269.02 0.00 1,977,269.02 0.00 Total Sale (2,975,937.14) 2,975,627.14 (524.44) 2,976,151.58 (525.61) TOTAL
DISPOSITIONS (4,890,937.14) 4,890,627.14 (524.44) 4,891,151.58 (525.61) OTHER
TRANSACTIONS
Coupon 04/01/2026 3137FGR31 0.00 FHMS K-078 A2 3.854
06/25/2028 5.02% 4,175.17 0.00 4,175.17 0.00
Coupon 04/01/2026 3137FJKE8 0.00 FHMS K-082 A2 3.92
09/25/2028 4.74% 1,960.00 0.00 1,960.00 0.00
Coupon 04/01/2026 3137H5YC5 0.00 FHMS K-748 A2 2.26
01/25/2029 4.61% 2,825.00 0.00 2,825.00 0.00
Coupon 04/01/2026 3137FLMV3 0.00 FHMS K-090 A2 3.422
02/25/2029 4.46% 2,851.67 0.00 2,851.67 0.00
Coupon 04/01/2026 3137FRUT6 0.00 FHMS K-106 A2 2.069
01/25/2030 4.37% 1,724.17 0.00 1,724.17 0.00
Coupon 04/01/2026 3137FEZU7 0.00 FHMS K-076 A2 3.9
04/25/2028 4.12% 3,900.00 0.00 3,900.00 0.00
Coupon 04/01/2026 3137FXZ35 0.00 FHMS K-127 A2 2.108
01/25/2031 4.11% 1,756.67 0.00 1,756.67 0.00
Coupon 04/01/2026 3137F83Q4 0.00 FHMS K-121 A2 1.547
10/25/2030 3.98% 2,578.33 0.00 2,578.33 0.00
Coupon 04/01/2026 3137BXQY1 0.00 FHMS K-064 A2 3.224
03/25/2027 3.23% 2,686.67 0.00 2,686.67 0.00
Coupon 04/01/2026 3137BQYS0 0.00 FHMS K-056 A2 2.525
05/25/2026 1.67% 862.95 0.00 862.95 0.00
Coupon 04/15/2026 47786WAD2 0.00 JDOT 2024-B A3 5.2
03/15/2029 5.81% 2,007.60 0.00 2,007.60 0.00
ATTACHMENT A Page 22 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 04/15/2026 58770JAD6 0.00 MBALT 2024-A A3 5.32
01/18/2028 5.73% 1,002.18 0.00 1,002.18 0.00
Coupon 04/15/2026 02582JKH2 0.00 AMXCA 2024-1 A 5.23
04/16/2029 5.30% 3,138.00 0.00 3,138.00 0.00
Coupon 04/15/2026 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 4,149.50 0.00 4,149.50 0.00
Coupon 04/15/2026 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 5.09% 1,621.50 0.00 1,621.50 0.00
Coupon 04/15/2026 05522RDJ4 0.00 BACCT 2024-1 A 4.93
05/15/2029 4.93% 1,889.83 0.00 1,889.83 0.00
Coupon 04/15/2026 44935CAD3 0.00 HART 2025-A A3 4.32
10/15/2029 4.84% 2,070.00 0.00 2,070.00 0.00
Coupon 04/15/2026 58773DAD6 0.00 MBART 2025-1 A3 4.78
12/17/2029 4.84% 2,170.92 0.00 2,170.92 0.00
Coupon 04/15/2026 89240JAD3 0.00 TAOT 2025-A A3 4.64
08/15/2029 4.69% 2,184.67 0.00 2,184.67 0.00
Coupon 04/15/2026 92970QAE5 0.00 WFCIT 2024-2 A 4.29
10/15/2029 4.29% 1,841.13 0.00 1,841.13 0.00
Coupon 04/15/2026 02582JKP4 0.00 AMXCA 2025-2 A 4.28
04/15/2030 4.28% 2,817.67 0.00 2,817.67 0.00
Coupon 04/15/2026 24422EYF0 0.00
JOHN DEERE
CAPITAL CORP 4.375
10/15/2030
4.21% 21,875.00 0.00 21,875.00 0.00
Coupon 04/15/2026 437921AD1 0.00 HAROT 252 A3 4.15
10/15/2029 4.15% 1,037.50 0.00 1,037.50 0.00
Coupon 04/15/2026 47800BAC2 0.00 JDOT 2022-C A3 5.09
06/15/2027 3.29% 243.93 0.00 243.93 0.00
Coupon 04/16/2026 362955AD8 0.00 GMCAR 2025-1 A3 4.62
12/17/2029 5.03% 1,443.75 0.00 1,443.75 0.00
Coupon 04/16/2026 459058LN1 0.00
INTERNATIONAL BANK
FOR RECONSTRUCTION
AND DEVELOPM 3.875
10/16/2029
4.25% 19,380.00 0.00 19,380.00 0.00
ATTACHMENT A Page 23 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 04/18/2026 437930AC4 0.00 HAROT 2024-2 A3 5.27
11/20/2028 5.27% 1,075.84 0.00 1,075.84 0.00
Coupon 04/18/2026 61748UAK8 0.00 MORGAN STANLEY
4.133 10/18/2029 4.25% 14,043.02 0.00 14,043.02 0.00
Coupon 04/20/2026 36269WAD1 0.00 GMALT 2024-2 A3 5.39
07/20/2027 5.85% 784.94 0.00 784.94 0.00
Coupon 04/20/2026 362962AD4 0.00 GMALT 2025-2 A3 4.58
05/22/2028 4.84% 1,679.33 0.00 1,679.33 0.00
Coupon 04/20/2026 4581X0DV7 0.00
INTER-AMERICAN
DEVELOPMENT BANK
0.875 04/20/2026
0.97% 8,378.13 0.00 8,378.13 0.00
Coupon 04/21/2026 43813YAC6 0.00 HAROT 2024-3 A3 4.57
03/21/2029 4.66% 2,111.21 0.00 2,111.21 0.00
Coupon 04/21/2026 38141GD27 0.00
GOLDMAN SACHS
GROUP INC 4.153
10/21/2029
4.29% 15,262.28 0.00 15,262.28 0.00
Coupon 04/24/2026 857477DB6 0.00 STATE STREET CORP
4.834 04/24/2030 4.64% 24,170.00 0.00 24,170.00 0.00
Coupon 04/25/2026 096919AD7 0.00 BMWOT 2024-A A3
5.18 02/26/2029 5.18% 1,406.76 0.00 1,406.76 0.00
Coupon 04/25/2026 3133EPGW9 0.00
FEDERAL FARM CREDIT
BANKS FUNDING CORP
3.875 04/25/2028
3.55% 18,406.25 0.00 18,406.25 0.00
Coupon 04/30/2026 91282CJF9 0.00
UNITED STATES
TREASURY 4.875
10/31/2028
4.79% 14,625.00 0.00 14,625.00 0.00
Coupon 04/30/2026 91282CKP5 0.00
UNITED STATES
TREASURY 4.625
04/30/2029
4.47% 49,718.75 0.00 49,718.75 0.00
Total Coupon 0.00 245,855.32 0.00 245,855.32 0.00
Dividend 04/30/2026 316175884 0.00 FIDELITY IMM:TRS III 3.28% 1,552.80 0.00 1,552.80 0.00 Total Dividend 0.00 1,552.80 0.00 1,552.80 0.00
Principal Paydown 04/01/2026 3137BQYS0 252,549.96 FHMS K-056 A2 2.525 05/25/2026 1.67% 252,549.96 -- 252,549.96 (0.00)
ATTACHMENT A Page 24 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Principal Paydown 04/15/2026 47786WAD2 34,062.30 JDOT 2024-B A3 5.2 03/15/2029 5.81% 34,062.30 -- 34,062.30 (0.00)
Principal Paydown 04/15/2026 58770JAD6 21,563.70 MBALT 2024-A A3 5.32 01/18/2028 5.73% 21,563.70 -- 21,563.70 0.00
Principal Paydown 04/15/2026 47800BAC2 19,562.38 JDOT 2022-C A3 5.09 06/15/2027 3.29% 19,562.38 -- 19,562.38 (0.00)
Principal Paydown 04/18/2026 437930AC4 18,589.37 HAROT 2024-2 A3 5.27 11/20/2028 5.27% 18,589.37 -- 18,589.37 (0.00)
Principal Paydown 04/20/2026 36269WAD1 47,995.54 GMALT 2024-2 A3 5.39 07/20/2027 5.85% 47,995.54 -- 47,995.54 (0.00)
Principal Paydown 04/21/2026 43813YAC6 39,025.26 HAROT 2024-3 A3 4.57 03/21/2029 4.66% 39,025.26 -- 39,025.26 0.00
Principal Paydown 04/25/2026 096919AD7 25,403.52 BMWOT 2024-A A3
5.18 02/26/2029 5.18% 25,403.52 -- 25,403.52 (0.00)
Total Principal
Paydown 458,752.03 458,752.03 -- 458,752.03 (0.01)
TOTAL OTHER
TRANSACTIONS 458,752.03 706,160.15 0.00 706,160.15 (0.01) ATTACHMENT A Page 25 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
CASH & EQUIVALENTS
316175884 FIDELITY IMM:TRS III
674,910.37
978,798.09
2,622,049.42
(2,925,937.14)
674,910.37
0.00 2,442.07
0.00 2,442.07
0.00 0.00
0.00 2,442.07
2,442.07
CCYUSD Receivable
1,552.80
2,442.07
0.00 0.00
1,552.80
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 Total Cash & Equivalents 676,463.17
981,240.16
2,622,049.42
(2,925,937.14)
676,463.17
0.00 2,442.07
0.00 2,442.07
0.00 0.00
0.00 2,442.07 2,442.07
FIXED INCOME
00287YDZ9 ABBVIE INC 4.875
03/15/2030 1,000,000.00
1,008,078.48
0.00 0.00
1,007,907.33
2,166.67
0.00 6,229.17
4,062.50
0.00 (171.15)
(171.15)
3,891.35
3,891.35
02079KBK2 ALPHABET INC 4.1
02/15/2031
02/12/2026
02/17/2026
1,000,000.00
1,000,057.03
0.00 0.00
1,000,056.00
5,466.67
0.00 8,883.33
3,416.67
3.32 (4.36)
(1.04)
3,415.63
3,415.63
02582JKH2 AMXCA 2024-1 A 5.23
04/16/2029
04/16/2024
04/23/2024
720,000.00
719,909.85
0.00 0.00
719,912.28
1,673.60
3,138.00
1,673.60
3,138.00
2.43 0.00
2.43 3,140.43
3,140.43
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030
05/06/2025
05/13/2025
790,000.00
789,988.27
0.00 0.00
789,988.51
1,502.76
2,817.67
1,502.76
2,817.67
0.24 0.00
0.24 2,817.91
2,817.91
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029
06/06/2024
06/13/2024
460,000.00
459,983.69
0.00 0.00
459,984.11
1,007.91
1,889.83
1,007.91
1,889.83
0.43 0.00
0.43 1,890.26
1,890.26
ATTACHMENT A Page 26 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
084664CZ2
BERKSHIRE HATHAWAY
FINANCE CORP 2.3
03/15/2027
03/07/2022
03/15/2022
1,080,000.00
1,079,960.89
0.00 0.00
1,079,964.26
1,104.00
0.00 3,174.00
2,070.00
3.37 0.00
3.37 2,073.37
2,073.37
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029
06/04/2024
06/11/2024
300,487.21
325,860.18
0.00 (25,403.52)
300,459.84
281.35
1,406.76
259.42
1,384.83
3.18 0.00
3.18 1,388.01
1,388.01
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029
10/30/2024
11/05/2024
965,000.00
968,580.46
0.00 0.00
968,492.27
7,237.50
0.00 10,856.25
3,618.75
0.00 (88.19)
(88.19)
3,530.56
3,530.56
14913UBH2
CATERPILLAR FINANCIAL
SERVICES CORP 4.15
01/08/2031
01/05/2026
01/08/2026
880,000.00
879,697.60
0.00 0.00
879,702.80
8,419.89
0.00 11,463.22
3,043.33
5.20 0.00
5.20 3,048.54
3,048.54
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
965,000.00
964,868.52
0.00 0.00
964,872.91
2,213.07
4,149.50
2,213.07
4,149.50
4.39 0.00
4.39 4,153.89
4,153.89
171239AL0 CHUBB INA HOLDINGS LLC
4.65 08/15/2029
08/12/2024
08/15/2024
505,000.00
506,908.89
0.00 0.00
506,861.21
3,000.54
0.00 4,957.42
1,956.88
0.00 (47.68)
(47.68)
1,909.19
1,909.19
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029
02/21/2024
02/26/2024
490,000.00
489,900.31
0.00 0.00
489,903.13
2,310.49
0.00 4,290.90
1,980.42
2.82 0.00
2.82 1,983.23
1,983.23
24422EYF0 JOHN DEERE CAPITAL CORP
4.375 10/15/2030
11/04/2025
11/05/2025
1,000,000.00
1,006,723.86
0.00 0.00
1,006,602.19
20,173.61
21,875.00
1,944.44
3,645.83
0.00 (121.66)
(121.66)
3,524.17
3,524.17
26442CAS3 DUKE ENERGY CAROLINAS
LLC 2.95 12/01/2026
01/13/2022
01/18/2022
800,000.00
853,867.58
0.00 (50,215.61)
802,926.34
8,358.33
524.44
9,833.33
1,999.44
0.00 (725.64)
(725.64)
1,273.80
1,273.80
ATTACHMENT A Page 27 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
30303MAB8 META PLATFORMS INC 4.2
11/15/2030
11/12/2025
11/17/2025
750,000.00
752,774.12
0.00 0.00
752,723.93
12,950.00
0.00 15,575.00
2,625.00
0.00 (50.20)
(50.20)
2,574.80
2,574.80
3133EPGW9
FEDERAL FARM CREDIT
BANKS FUNDING CORP 3.875
04/25/2028
05/05/2023
05/08/2023
950,000.00
955,733.26
0.00 0.00
955,505.44
15,952.08
18,406.25
613.54
3,067.71
0.00 (227.81)
(227.81)
2,839.90
2,839.90
3137BQYS0 FHMS K-056 A2 2.525
05/25/2026
01/31/2022
02/03/2022
157,564.30
410,353.95
0.00 (252,549.96)
157,564.30
862.95
862.95
331.54
331.54
0.00 (239.68)
(239.68)
91.86 91.86
3137BXQY1 FHMS K-064 A2 3.224
03/25/2027
05/06/2022
05/11/2022
1,000,000.00
999,605.99
0.00 0.00
999,641.38
2,686.67
2,686.67
2,686.67
2,686.67
35.39 0.00
35.39 2,722.06
2,722.06
3137F83Q4 FHMS K-121 A2 1.547
10/25/2030
01/07/2026
01/12/2026
2,000,000.00
1,799,628.55
0.00 0.00
1,803,284.97
2,578.33
2,578.33
2,578.33
2,578.33
3,656.41
0.00 3,656.41
6,234.74
6,234.74
3137FEZU7 FHMS K-076 A2 3.9
04/25/2028
04/20/2023
04/25/2023
1,200,000.00
1,194,754.68
0.00 0.00
1,194,969.95
3,900.00
3,900.00
3,900.00
3,900.00
215.27
0.00 215.27
4,115.27
4,115.27
3137FGR31 FHMS K-078 A2 3.854
06/25/2028
09/18/2023
09/21/2023
1,300,000.00
1,272,702.84
0.00 0.00
1,273,736.83
4,175.17
4,175.17
4,175.17
4,175.17
1,033.98
0.00 1,033.98
5,209.15
5,209.15
3137FJKE8 FHMS K-082 A2 3.92
09/25/2028
11/28/2023
12/01/2023
600,000.00
589,163.23
0.00 0.00
589,531.00
1,960.00
1,960.00
1,960.00
1,960.00
367.76
0.00 367.76
2,327.76
2,327.76
3137FLMV3 FHMS K-090 A2 3.422
02/25/2029
07/29/2024
07/30/2024
1,000,000.00
972,970.20
0.00 0.00
973,752.16
2,851.67
2,851.67
2,851.67
2,851.67
781.96
0.00 781.96
3,633.63
3,633.63
ATTACHMENT A Page 28 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030
06/06/2025
06/11/2025
1,000,000.00
921,806.94
0.00 0.00
923,517.95
1,724.17
1,724.17
1,724.17
1,724.17
1,711.01
0.00 1,711.01
3,435.18
3,435.18
3137FXZ35 FHMS K-127 A2 2.108
01/25/2031
02/03/2026
02/06/2026
1,000,000.00
913,624.30
0.00 0.00
915,116.97
1,756.67
1,756.67
1,756.67
1,756.67
1,492.67
0.00 1,492.67
3,249.34
3,249.34
3137H5YC5 FHMS K-748 A2 2.26
01/25/2029
03/25/2024
03/28/2024
1,500,000.00
1,413,750.13
0.00 0.00
1,416,322.20
2,825.00
2,825.00
2,825.00
2,825.00
2,572.06
0.00 2,572.06
5,397.06
5,397.06
341081GT8 FLORIDA POWER & LIGHT CO
5.15 06/15/2029
06/13/2024
06/17/2024
1,000,000.00
1,008,729.30
0.00 0.00
1,008,493.37
15,163.89
0.00 19,455.56
4,291.67
0.00 (235.93)
(235.93)
4,055.74
4,055.74
36269WAD1 GMALT 2024-2 A3 5.39
07/20/2027
05/07/2024
05/16/2024
126,759.50
174,750.89
0.00 (47,995.54)
126,756.68
287.81
784.94
208.77
705.89
1.33 0.00
1.33 707.23
707.23
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029
01/09/2025
01/15/2025
375,000.00
374,978.98
0.00 0.00
374,979.44
721.88
1,443.75
721.88
1,443.75
0.47 0.00
0.47 1,444.22
1,444.22
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028
05/20/2025
05/29/2025
440,000.00
439,994.76
0.00 0.00
439,994.96
615.76
1,679.33
615.76
1,679.33
0.20 0.00
0.20 1,679.53
1,679.53
38141GD27 GOLDMAN SACHS GROUP
INC 4.153 10/21/2029 10/21/2025
735,000.00
735,076.70
0.00 0.00
735,074.23
13,566.47
15,262.28
847.90
2,543.72
0.00 (2.46)
(2.46)
2,541.25
2,541.25
437076DC3 HOME DEPOT INC 4.75
06/25/2029
06/17/2024
06/25/2024
950,000.00
946,498.68
0.00 0.00
946,587.63
12,033.33
0.00 15,793.75
3,760.42
88.94 0.00
88.94 3,849.36
3,849.36
ATTACHMENT A Page 29 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
437921AD1 HAROT 252 A3 4.15
10/15/2029
04/29/2025
05/08/2025
300,000.00
299,973.27
0.00 0.00
299,973.89
553.33
1,037.50
553.33
1,037.50
0.62 0.00
0.62 1,038.12
1,038.12
437930AC4 HAROT 2024-2 A3 5.27
11/20/2028
05/14/2024
05/21/2024
226,383.08
244,955.00
0.00 (18,589.37)
226,367.46
466.20
1,075.84
430.82
1,040.46
1.83 0.00
1.83 1,042.29
1,042.29
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029
08/09/2024
08/21/2024
515,340.69
554,309.47
0.00 (39,025.26)
515,289.64
703.74
2,111.21
654.20
2,061.67
5.43 0.00
5.43 2,067.10
2,067.10
44935CAD3 HART 2025-A A3 4.32
10/15/2029
03/04/2025
03/12/2025
575,000.00
574,934.65
0.00 0.00
574,936.17
1,104.00
2,070.00
1,104.00
2,070.00
1.52 0.00
1.52 2,071.52
2,071.52
4581X0DV7
INTER-AMERICAN
DEVELOPMENT BANK 0.875
04/20/2026
04/13/2021
04/20/2021
0.00 1,914,908.74
0.00 (1,915,000.00)
0.00 7,493.77
8,378.13
0.00 884.36
91.26 0.00
91.26 975.62
975.62
459058LN1
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
12/12/2024
12/13/2024
1,000,000.00
988,084.66
0.00 0.00
988,360.91
17,760.00
19,380.00
1,610.00
3,230.00
276.24
0.00 276.24
3,506.24
3,506.24
459058LR2
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
03/14/2025
03/20/2025
1,000,000.00
997,301.97
0.00 0.00
997,357.83
1,260.42
0.00 4,697.92
3,437.50
55.86 0.00
55.86 3,493.36
3,493.36
46647PAM8 JPMORGAN CHASE & CO
3.509 01/23/2029
01/19/2024
01/23/2024
1,000,000.00
973,538.12
0.00 0.00
974,737.30
6,628.11
0.00 9,552.28
2,924.17
1,199.18
0.00 1,199.18
4,123.35
4,123.35
47786WAD2 JDOT 2024-B A3 5.2
03/15/2029
06/11/2024
06/18/2024
429,231.03
463,236.87
0.00 (34,062.30)
429,180.18
1,070.72
2,007.60
992.00
1,928.88
5.61 0.00
5.61 1,934.48
1,934.48
ATTACHMENT A Page 30 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
47800BAC2 JDOT 2022-C A3 5.09
06/15/2027
10/12/2022
10/19/2022
37,944.60
57,505.94
0.00 (19,562.38)
37,943.96
130.09
243.93
85.84 199.68
0.40 0.00
0.40 200.08
200.08
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
460,000.00
459,977.83
0.00 0.00
459,978.36
864.80
1,621.50
864.80
1,621.50
0.53 0.00
0.53 1,622.03
1,622.03
571748CA8
MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030 1,000,000.00
1,001,953.54
0.00 0.00
1,001,912.15
2,066.67
0.00 5,941.67
3,875.00
0.00 (41.39)
(41.39)
3,833.61
3,833.61
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028
05/17/2024
05/23/2024
204,492.99
226,043.67
0.00 (21,563.70)
204,481.75
534.50
1,002.18
483.51
951.19
1.78 0.00
1.78 952.97
952.97
58773DAD6 MBART 2025-1 A3 4.78
12/17/2029
01/14/2025
01/23/2025
545,000.00
544,912.14
0.00 0.00
544,914.08
1,157.82
2,170.92
1,157.82
2,170.92
1.94 0.00
1.94 2,172.86
2,172.86
61748UAK8 MORGAN STANLEY 4.133
10/18/2029
10/17/2025
10/22/2025
695,000.00
695,074.26
0.00 0.00
695,071.87
12,686.59
14,043.02
1,037.27
2,393.70
0.00 (2.39)
(2.39)
2,391.31
2,391.31
63743HFX5
NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP
4.95 02/07/2030 1,000,000.00
1,002,355.86
0.00 0.00
1,002,304.13
7,425.00
0.00 11,550.00
4,125.00
18.10 (69.83)
(51.73)
4,073.27
4,073.27
665859AY0 NORTHERN TRUST CORP 4.15
11/19/2030
11/12/2025
11/19/2025
850,000.00
849,613.84
0.00 0.00
849,620.68
12,934.17
0.00 15,873.75
2,939.58
6.84 0.00
6.84 2,946.43
2,946.43
69371RT48 PACCAR FINANCIAL CORP 4.0
09/26/2029 09/26/2024
600,000.00
599,680.21
0.00 0.00
599,687.74
333.33
0.00 2,333.33
2,000.00
10.52 (2.99)
7.53 2,007.53
2,007.53
ATTACHMENT A Page 31 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
713448FX1 PEPSICO INC 4.5 07/17/2029
07/15/2024
07/17/2024
830,000.00
829,152.43
0.00 0.00
829,173.57
7,677.50
0.00 10,790.00
3,112.50
21.14 0.00
21.14 3,133.64
3,133.64
717081FD0 PFIZER INC 4.2 11/15/2030
12/16/2025
12/17/2025
900,000.00
903,673.37
0.00 0.00
903,606.90
13,650.00
0.00 16,800.00
3,150.00
0.00 (66.47)
(66.47)
3,083.53
3,083.53
743315AW3 PROGRESSIVE CORP 3.2
03/26/2030
11/14/2025
11/17/2025
1,000,000.00
965,272.17
0.00 0.00
965,988.21
444.44
0.00 3,111.11
2,666.67
716.04
0.00 716.04
3,382.70
3,382.70
74456QCX2 PUBLIC SERVICE ELECTRIC
AND GAS CO 4.2 01/01/2031
01/06/2026
01/07/2026
750,000.00
749,971.38
0.00 0.00
749,971.88
7,350.00
0.00 9,975.00
2,625.00
0.49 0.00
0.49 2,625.49
2,625.49
756109AX2 REALTY INCOME CORP 3.25
01/15/2031
01/14/2026
01/15/2026
1,000,000.00
956,403.34
0.00 0.00
957,150.71
6,861.11
0.00 9,569.44
2,708.33
747.37
0.00 747.37
3,455.70
3,455.70
79466LAQ7 SALESFORCE INC 4.5
03/15/2028
03/12/2026
03/13/2026
595,000.00
596,402.55
0.00 0.00
596,341.12
1,338.75
0.00 3,570.00
2,231.25
0.00 (61.43)
(61.43)
2,169.82
2,169.82
808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027
03/09/2022
03/11/2022
750,000.00
748,173.07
0.00 0.00
748,336.19
1,429.17
0.00 2,960.42
1,531.25
163.12
0.00 163.12
1,694.37
1,694.37
828807DK0 SIMON PROPERTY GROUP LP
2.65 07/15/2030
08/19/2025
08/20/2025
1,000,000.00
935,863.99
0.00 0.00
937,092.65
5,594.44
0.00 7,802.78
2,208.33
1,228.66
0.00 1,228.66
3,436.99
3,436.99
857477DB6 STATE STREET CORP 4.834
04/24/2030 1,000,000.00
1,006,927.71
0.00 0.00
1,006,784.68
21,081.61
24,170.00
939.94
4,028.33
0.00 (143.04)
(143.04)
3,885.30
3,885.30
ATTACHMENT A Page 32 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
87612EBM7 TARGET CORP 1.95
01/15/2027
01/19/2022
01/24/2022
535,000.00
534,855.34
0.00 0.00
534,870.36
2,202.42
0.00 3,071.79
869.38
15.02 0.00
15.02 884.39
884.39
89236TMF9 TOYOTA MOTOR CREDIT
CORP 5.05 05/16/2029
05/21/2024
05/23/2024
500,000.00
500,652.36
0.00 0.00
500,635.21
9,468.75
0.00 11,572.92
2,104.17
0.00 (17.15)
(17.15)
2,087.01
2,087.01
89236TPH2 TOYOTA MOTOR CREDIT
CORP 4.2 01/10/2031
01/07/2026
01/12/2026
475,000.00
474,859.13
0.00 0.00
474,861.55
4,377.92
0.00 6,040.42
1,662.50
2.42 0.00
2.42 1,664.92
1,664.92
89240JAD3 TAOT 2025-A A3 4.64
08/15/2029
01/22/2025
01/29/2025
565,000.00
564,983.17
0.00 0.00
564,983.58
1,165.16
2,184.67
1,165.16
2,184.67
0.41 0.00
0.41 2,185.08
2,185.08
91282CCW9 UNITED STATES TREASURY
0.75 08/31/2026
09/17/2021
09/20/2021
480,000.00
479,780.65
0.00 0.00
479,823.94
313.04
0.00 606.52
293.48
43.29 0.00
43.29 336.77
336.77
91282CCZ2 UNITED STATES TREASURY
0.875 09/30/2026 2,820,000.00
2,817,180.79
0.00 0.00
2,817,645.49
67.42 0.00
2,089.96
2,022.54
464.71
0.00 464.71
2,487.25
2,487.25
91282CEW7 UNITED STATES TREASURY
3.25 06/30/2027 2,250,000.00
2,253,375.24
0.00 0.00
2,253,152.69
18,382.25
0.00 24,442.33
6,060.08
0.00 (222.54)
(222.54)
5,837.54
5,837.54
91282CFB2 UNITED STATES TREASURY
2.75 07/31/2027
08/22/2022
08/23/2022
600,000.00
597,258.16
0.00 0.00
597,427.41
2,734.81
0.00 4,102.21
1,367.40
169.25
0.00 169.25
1,536.65
1,536.65
91282CGC9 UNITED STATES TREASURY
3.875 12/31/2027
03/14/2023
03/16/2023
700,000.00
699,590.88
0.00 0.00
699,610.09
6,818.72
0.00 9,066.64
2,247.93
19.21 0.00
19.21 2,267.14
2,267.14
ATTACHMENT A Page 33 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028
02/16/2023
02/17/2023
2,500,000.00
2,477,177.37
0.00 0.00
2,478,199.28
14,502.76
0.00 21,754.14
7,251.38
1,021.91
0.00 1,021.91
8,273.29
8,273.29
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 2,500,000.00
2,496,849.18
0.00 0.00
2,496,984.41
8,695.65
0.00 16,847.83
8,152.17
223.02
(87.79)
135.23
8,287.40
8,287.40
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030
04/10/2025
04/11/2025
1,000,000.00
1,000,000.00
0.00 0.00
1,000,000.00
3,478.26
0.00 6,739.13
3,260.87
0.00 0.00
0.00 3,260.87
3,260.87
91282CGS4 UNITED STATES TREASURY
3.625 03/31/2030 1,500,000.00
1,492,744.57
0.00 0.00
1,492,893.65
148.57
0.00 4,605.53
4,456.97
149.73
(0.64)
149.08
4,606.05
4,606.05
91282CHE4 UNITED STATES TREASURY
3.625 05/31/2028 2,425,000.00
2,405,664.30
0.00 0.00
2,406,397.64
29,463.08
0.00 36,708.10
7,245.02
733.34
0.00 733.34
7,978.36
7,978.36
91282CHX2 UNITED STATES TREASURY
4.375 08/31/2028
09/25/2023
09/26/2023
400,000.00
397,931.62
0.00 0.00
398,001.89
1,521.74
0.00 2,948.37
1,426.63
70.27 0.00
70.27 1,496.90
1,496.90
91282CJF9 UNITED STATES TREASURY
4.875 10/31/2028
10/27/2023
10/31/2023
600,000.00
601,174.67
0.00 0.00
601,137.34
12,281.77
14,625.00
79.48 2,422.72
0.00 (37.33)
(37.33)
2,385.39
2,385.39
91282CJN2 UNITED STATES TREASURY
4.375 11/30/2028
12/28/2023
12/29/2023
625,000.00
633,252.66
0.00 0.00
632,998.47
9,164.66
0.00 11,418.27
2,253.61
0.00 (254.19)
(254.19)
1,999.42
1,999.42
91282CJR3 UNITED STATES TREASURY
3.75 12/31/2028 2,100,000.00
2,088,012.83
0.00 0.00
2,088,370.65
19,796.27
0.00 26,322.51
6,526.24
357.83
0.00 357.83
6,884.07
6,884.07
ATTACHMENT A Page 34 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029
02/16/2024
02/21/2024
1,500,000.00
1,488,168.60
0.00 0.00
1,488,511.21
9,944.75
0.00 14,917.13
4,972.38
342.61
0.00 342.61
5,314.98
5,314.98
91282CKG5 UNITED STATES TREASURY
4.125 03/31/2029 2,300,000.00
2,278,643.01
0.00 0.00
2,279,228.14
259.22
0.00 8,035.86
7,776.64
585.12
0.00 585.12
8,361.76
8,361.76
91282CKP5 UNITED STATES TREASURY
4.625 04/30/2029 2,150,000.00
2,158,829.34
0.00 0.00
2,158,593.89
41,752.76
49,718.75
270.21
8,236.20
0.00 (235.45)
(235.45)
8,000.75
8,000.75
91282CKX8 UNITED STATES TREASURY
4.25 06/30/2029
07/18/2024
07/19/2024
1,000,000.00
1,004,640.50
0.00 0.00
1,004,523.12
10,683.70
0.00 14,205.80
3,522.10
0.00 (117.38)
(117.38)
3,404.72
3,404.72
91282CLK5 UNITED STATES TREASURY
3.625 08/31/2029
09/11/2024
09/13/2024
2,000,000.00
2,010,809.44
0.00 0.00
2,010,549.59
6,304.35
0.00 12,214.67
5,910.33
0.00 (259.84)
(259.84)
5,650.48
5,650.48
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029
10/04/2024
10/07/2024
1,000,000.00
991,656.82
0.00 0.00
991,852.67
95.63 0.00
2,964.48
2,868.85
195.85
0.00 195.85
3,064.70
3,064.70
91282CMA6 UNITED STATES TREASURY
4.125 11/30/2029
12/16/2024
12/17/2024
1,500,000.00
1,493,624.55
0.00 0.00
1,493,767.39
20,738.32
0.00 25,837.91
5,099.59
142.84
0.00 142.84
5,242.43
5,242.43
91282CMG3 UNITED STATES TREASURY
4.25 01/31/2030
02/13/2025
02/14/2025
1,000,000.00
994,563.59
0.00 0.00
994,680.00
7,044.20
0.00 10,566.30
3,522.10
116.41
0.00 116.41
3,638.51
3,638.51
91282CNK3 UNITED STATES TREASURY
3.875 06/30/2030
07/09/2025
07/10/2025
1,200,000.00
1,196,476.94
0.00 0.00
1,196,545.09
11,689.23
0.00 15,542.82
3,853.59
68.14 0.00
68.14 3,921.74
3,921.74
ATTACHMENT A Page 35 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CNX5 UNITED STATES TREASURY
3.625 08/31/2030 2,250,000.00
2,243,215.14
0.00 0.00
2,243,341.33
7,092.39
0.00 13,741.51
6,649.12
126.19
0.00 126.19
6,775.31
6,775.31
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030
12/16/2025
12/17/2025
2,500,000.00
2,478,382.82
0.00 0.00
2,478,763.41
29,326.92
0.00 36,538.46
7,211.54
380.58
0.00 380.58
7,592.12
7,592.12
91282CQD6 UNITED STATES TREASURY 3.5
02/28/2031
04/21/2026
04/22/2026
2,000,000.00
0.00 1,967,187.50
0.00 1,967,354.06
0.00 (10,081.52)
11,793.48
1,711.96
166.56
0.00 166.56
1,878.52
1,878.52
91282CQG9 UNITED STATES TREASURY
3.875 03/31/2031
04/08/2026
04/09/2026
1,000,000.00
0.00 997,929.69
0.00 997,954.76
0.00 (952.87)
3,282.10
2,329.23
25.07 0.00
25.07 2,354.30
2,354.30
92826CAZ5 VISA INC 4.1 02/12/2031
02/03/2026
02/12/2026
590,000.00
589,230.18
0.00 0.00
589,243.17
3,292.53
0.00 5,308.36
2,015.83
12.99 0.00
12.99 2,028.82
2,028.82
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029
10/17/2024
10/24/2024
515,000.00
514,945.54
0.00 0.00
514,946.80
981.93
1,841.13
981.93
1,841.13
1.26 0.00
1.26 1,842.39
1,842.39
95000U4D2 WELLS FARGO & CO 4.182
01/23/2030
01/15/2026
01/23/2026
580,000.00
580,000.00
0.00 0.00
580,000.00
4,581.61
0.00 6,602.91
2,021.30
0.00 0.00
0.00 2,021.30
2,021.30
Total Fixed Income 90,963,203.41
89,610,012.58
2,965,117.19
(2,423,967.64)
90,169,598.85
600,499.28
235,345.37
643,736.67
278,582.76
21,971.35
(3,534.62)
18,436.73
297,019.49 297,019.49
TOTAL PORTFOLIO 91,639,666.58
90,591,252.74
5,587,166.61
(5,349,904.78)
90,846,062.02
600,499.28
237,787.44
643,736.67
281,024.83
21,971.35
(3,534.62)
18,436.73
299,461.56 299,461.56
ATTACHMENT A Page 36 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount MAY 2026
05/15/2026 Coupon 02582JKH2 720,000.00 AMXCA 2024-1 A 5.23 04/16/2029 3,138.00 3,138.00 05/15/2026 Coupon 02582JKP4 790,000.00 AMXCA 2025-2 A 4.28 04/15/2030 2,817.67 2,817.67 05/15/2026 Coupon 05522RDJ4 460,000.00 BACCT 2024-1 A 4.93 05/15/2029 1,889.83 1,889.83 05/15/2026 Coupon 161571HT4 965,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,149.50 4,149.50 05/15/2026 Coupon 30303MAB8 750,000.00 META PLATFORMS INC 4.2 11/15/2030 16,800.00 16,800.00 05/15/2026 Coupon 437921AD1 300,000.00 HAROT 252 A3 4.15 10/15/2029 1,037.50 1,037.50 05/15/2026 Coupon 44935CAD3 575,000.00 HART 2025-A A3 4.32 10/15/2029 2,070.00 2,070.00 05/15/2026 Coupon 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 1,860.00 1,860.00 05/15/2026 Principal Paydown 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 27,791.02 27,791.02 05/15/2026 Coupon 47800BAC2 37,944.60 JDOT 2022-C A3 5.09 06/15/2027 160.95 160.95 05/15/2026 Principal Paydown 47800BAC2 37,944.60 JDOT 2022-C A3 5.09 06/15/2027 17,239.55 17,239.55 05/15/2026 Coupon 47800DAD6 460,000.00 JDOT 2025 A3 4.23 09/17/2029 1,621.50 1,621.50 05/15/2026 Coupon 58770JAD6 204,492.99 MBALT 2024-A A3 5.32 01/18/2028 869.43 869.43 05/15/2026 Principal Paydown 58770JAD6 204,492.99 MBALT 2024-A A3 5.32 01/18/2028 21,688.39 21,688.39 05/15/2026 Coupon 58773DAD6 545,000.00 MBART 2025-1 A3 4.78 12/17/2029 2,170.92 2,170.92 05/15/2026 Coupon 717081FD0 900,000.00 PFIZER INC 4.2 11/15/2030 18,270.00 18,270.00 05/15/2026 Coupon 89240JAD3 565,000.00 TAOT 2025-A A3 4.64 08/15/2029 2,184.67 2,184.67 05/15/2026 Coupon 92970QAE5 515,000.00 WFCIT 2024-2 A 4.29 10/15/2029 1,841.13 1,841.13 05/18/2026 Coupon 362955AD8 375,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 1,443.75 1,443.75 05/18/2026 Coupon 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 1,032.12 1,032.12 05/18/2026 Principal Paydown 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 15,953.41 15,953.41 05/18/2026 Coupon 89236TMF9 500,000.00 TOYOTA MOTOR CREDIT CORP 5.05 05/16/2029 12,625.00 12,625.00 05/19/2026 Coupon 665859AY0 850,000.00 NORTHERN TRUST CORP 4.15 11/19/2030 17,637.50 17,637.50 05/20/2026 Coupon 36269WAD1 126,759.50 GMALT 2024-2 A3 5.39 07/20/2027 560.24 560.24 05/20/2026 Principal Paydown 36269WAD1 126,759.50 GMALT 2024-2 A3 5.39 07/20/2027 42,939.15 42,939.15 05/20/2026 Coupon 362962AD4 440,000.00 GMALT 2025-2 A3 4.58 05/22/2028 1,679.33 1,679.33 05/21/2026 Coupon 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 2,126.23 2,126.23 05/21/2026 Principal Paydown 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 34,246.96 34,246.96 05/25/2026 Coupon 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 1,385.80 1,385.80 05/25/2026 Principal Paydown 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 19,888.84 19,888.84 05/25/2026 Coupon 3137BQYS0 157,564.30 FHMS K-056 A2 2.525 05/25/2026 331.54 331.54 ATTACHMENT A Page 37 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/25/2026 Final Maturity 3137BQYS0 157,564.30 FHMS K-056 A2 2.525 05/25/2026 157,564.30 157,564.30 05/26/2026 Coupon 3137BXQY1 1,000,000.00 FHMS K-064 A2 3.224 03/25/2027 2,686.67 2,686.67 05/26/2026 Coupon 3137F83Q4 2,000,000.00 FHMS K-121 A2 1.547 10/25/2030 2,578.33 2,578.33 05/26/2026 Coupon 3137FEZU7 1,200,000.00 FHMS K-076 A2 3.9 04/25/2028 3,900.00 3,900.00 05/26/2026 Coupon 3137FGR31 1,300,000.00 FHMS K-078 A2 3.854 06/25/2028 4,175.17 4,175.17 05/26/2026 Coupon 3137FJKE8 600,000.00 FHMS K-082 A2 3.92 09/25/2028 1,960.00 1,960.00 05/26/2026 Coupon 3137FLMV3 1,000,000.00 FHMS K-090 A2 3.422 02/25/2029 2,851.67 2,851.67 05/26/2026 Coupon 3137FRUT6 1,000,000.00 FHMS K-106 A2 2.069 01/25/2030 1,724.17 1,724.17 05/26/2026 Coupon 3137FXZ35 1,000,000.00 FHMS K-127 A2 2.108 01/25/2031 1,756.67 1,756.67 05/26/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 May 2026 Total 337,311.62 124,160.26 461,471.88
JUNE 2026
06/01/2026 Coupon 26442CAS3 800,000.00 DUKE ENERGY CAROLINAS LLC 2.95 12/01/2026 11,800.00 11,800.00
06/01/2026 Coupon 91282CHE4 2,425,000.00 UNITED STATES TREASURY 3.625 05/31/2028 43,953.13 43,953.13 06/01/2026 Coupon 91282CJN2 625,000.00 UNITED STATES TREASURY 4.375 11/30/2028 13,671.88 13,671.88 06/01/2026 Coupon 91282CMA6 1,500,000.00 UNITED STATES TREASURY 4.125 11/30/2029 30,937.50 30,937.50 06/01/2026 Coupon 91282CPN5 2,500,000.00 UNITED STATES TREASURY 3.5 11/30/2030 43,750.00 43,750.00 06/15/2026 Coupon 02582JKH2 720,000.00 AMXCA 2024-1 A 5.23 04/16/2029 3,138.00 3,138.00 06/15/2026 Coupon 02582JKP4 790,000.00 AMXCA 2025-2 A 4.28 04/15/2030 2,817.67 2,817.67 06/15/2026 Coupon 05522RDJ4 460,000.00 BACCT 2024-1 A 4.93 05/15/2029 1,889.83 1,889.83 06/15/2026 Coupon 161571HT4 965,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,149.50 4,149.50 06/15/2026 Coupon 341081GT8 1,000,000.00 FLORIDA POWER & LIGHT CO 5.15 06/15/2029 25,750.00 25,750.00 06/15/2026 Coupon 437921AD1 300,000.00 HAROT 252 A3 4.15 10/15/2029 1,037.50 1,037.50 06/15/2026 Coupon 44935CAD3 575,000.00 HART 2025-A A3 4.32 10/15/2029 2,070.00 2,070.00 06/15/2026 Coupon 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 1,739.57 1,739.57 06/15/2026 Principal Paydown 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 18,201.63 18,201.63 06/15/2026 Coupon 47800BAC2 37,944.60 JDOT 2022-C A3 5.09 06/15/2027 87.82 87.82 06/15/2026 Principal Paydown 47800BAC2 37,944.60 JDOT 2022-C A3 5.09 06/15/2027 14,096.04 14,096.04 06/15/2026 Coupon 47800DAD6 460,000.00 JDOT 2025 A3 4.23 09/17/2029 1,621.50 1,621.50 06/15/2026 Coupon 58770JAD6 204,492.99 MBALT 2024-A A3 5.32 01/18/2028 773.27 773.27 06/15/2026 Principal Paydown 58770JAD6 204,492.99 MBALT 2024-A A3 5.32 01/18/2028 25,636.66 25,636.66 ATTACHMENT A Page 38 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/15/2026 Coupon 58773DAD6 545,000.00 MBART 2025-1 A3 4.78 12/17/2029 2,170.92 2,170.92 06/15/2026 Coupon 89240JAD3 565,000.00 TAOT 2025-A A3 4.64 08/15/2029 2,184.67 2,184.67 06/15/2026 Coupon 92970QAE5 515,000.00 WFCIT 2024-2 A 4.29 10/15/2029 1,841.13 1,841.13 06/16/2026 Coupon 362955AD8 375,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 1,443.75 1,443.75 06/18/2026 Coupon 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 962.05 962.05 06/18/2026 Principal Paydown 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 15,678.88 15,678.88 06/22/2026 Coupon 36269WAD1 126,759.50 GMALT 2024-2 A3 5.39 07/20/2027 367.37 367.37 06/22/2026 Principal Paydown 36269WAD1 126,759.50 GMALT 2024-2 A3 5.39 07/20/2027 41,550.86 41,550.86 06/22/2026 Coupon 362962AD4 440,000.00 GMALT 2025-2 A3 4.58 05/22/2028 1,679.33 1,679.33 06/22/2026 Coupon 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 1,995.80 1,995.80 06/22/2026 Principal Paydown 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 33,618.12 33,618.12 06/25/2026 Coupon 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 1,299.95 1,299.95 06/25/2026 Principal Paydown 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 19,547.03 19,547.03 06/25/2026 Coupon 3137BXQY1 1,000,000.00 FHMS K-064 A2 3.224 03/25/2027 2,686.67 2,686.67 06/25/2026 Coupon 3137F83Q4 2,000,000.00 FHMS K-121 A2 1.547 10/25/2030 2,578.33 2,578.33 06/25/2026 Coupon 3137FEZU7 1,200,000.00 FHMS K-076 A2 3.9 04/25/2028 3,900.00 3,900.00 06/25/2026 Coupon 3137FGR31 1,300,000.00 FHMS K-078 A2 3.854 06/25/2028 4,175.17 4,175.17 06/25/2026 Coupon 3137FJKE8 600,000.00 FHMS K-082 A2 3.92 09/25/2028 1,960.00 1,960.00 06/25/2026 Coupon 3137FLMV3 1,000,000.00 FHMS K-090 A2 3.422 02/25/2029 2,851.67 2,851.67 06/25/2026 Coupon 3137FRUT6 1,000,000.00 FHMS K-106 A2 2.069 01/25/2030 1,724.17 1,724.17 06/25/2026 Coupon 3137FXZ35 1,000,000.00 FHMS K-127 A2 2.108 01/25/2031 1,756.67 1,756.67 06/25/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 06/25/2026 Coupon 437076DC3 950,000.00 HOME DEPOT INC 4.75 06/25/2029 22,562.50 22,562.50 06/30/2026 Coupon 91282CEW7 2,250,000.00 UNITED STATES TREASURY 3.25 06/30/2027 36,562.50 36,562.50 06/30/2026 Coupon 91282CGC9 700,000.00 UNITED STATES TREASURY 3.875 12/31/2027 13,562.50 13,562.50 06/30/2026 Coupon 91282CJR3 2,100,000.00 UNITED STATES TREASURY 3.75 12/31/2028 39,375.00 39,375.00 06/30/2026 Coupon 91282CKX8 1,000,000.00 UNITED STATES TREASURY 4.25 06/30/2029 21,250.00 21,250.00 06/30/2026 Coupon 91282CNK3 1,200,000.00 UNITED STATES TREASURY 3.875 06/30/2030 23,250.00 23,250.00 June 2026 Total 168,329.22 384,152.31 552,481.53
JULY 2026
07/01/2026 Coupon 74456QCX2 750,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 4.2 01/01/2031 15,225.00 15,225.00
ATTACHMENT A Page 39 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/08/2026 Coupon 14913UBH2 880,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.15 01/08/2031 18,260.00 18,260.00
07/10/2026 Coupon 89236TPH2 475,000.00 TOYOTA MOTOR CREDIT CORP 4.2 01/10/2031 9,864.17 9,864.17 07/15/2026 Coupon 02582JKH2 720,000.00 AMXCA 2024-1 A 5.23 04/16/2029 3,138.00 3,138.00 07/15/2026 Coupon 02582JKP4 790,000.00 AMXCA 2025-2 A 4.28 04/15/2030 2,817.67 2,817.67 07/15/2026 Coupon 05522RDJ4 460,000.00 BACCT 2024-1 A 4.93 05/15/2029 1,889.83 1,889.83 07/15/2026 Coupon 161571HT4 965,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,149.50 4,149.50 07/15/2026 Coupon 437921AD1 300,000.00 HAROT 252 A3 4.15 10/15/2029 1,037.50 1,037.50 07/15/2026 Coupon 44935CAD3 575,000.00 HART 2025-A A3 4.32 10/15/2029 2,070.00 2,070.00 07/15/2026 Coupon 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 1,660.70 1,660.70 07/15/2026 Principal Paydown 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 20,330.27 20,330.27 07/15/2026 Coupon 47800BAC2 37,944.60 JDOT 2022-C A3 5.09 06/15/2027 28.03 28.03 07/15/2026 Effective Maturity 47800BAC2 37,944.60 JDOT 2022-C A3 5.09 06/15/2027 6,609.01 6,609.01 07/15/2026 Coupon 47800DAD6 460,000.00 JDOT 2025 A3 4.23 09/17/2029 1,621.50 1,621.50 07/15/2026 Coupon 58770JAD6 204,492.99 MBALT 2024-A A3 5.32 01/18/2028 659.62 659.62 07/15/2026 Principal Paydown 58770JAD6 204,492.99 MBALT 2024-A A3 5.32 01/18/2028 23,501.72 23,501.72 07/15/2026 Coupon 58773DAD6 545,000.00 MBART 2025-1 A3 4.78 12/17/2029 2,170.92 2,170.92 07/15/2026 Coupon 756109AX2 1,000,000.00 REALTY INCOME CORP 3.25 01/15/2031 16,250.00 16,250.00 07/15/2026 Coupon 828807DK0 1,000,000.00 SIMON PROPERTY GROUP LP 2.65 07/15/2030 13,250.00 13,250.00 07/15/2026 Coupon 87612EBM7 535,000.00 TARGET CORP 1.95 01/15/2027 5,216.25 5,216.25 07/15/2026 Coupon 89240JAD3 565,000.00 TAOT 2025-A A3 4.64 08/15/2029 2,184.67 2,184.67 07/15/2026 Coupon 92970QAE5 515,000.00 WFCIT 2024-2 A 4.29 10/15/2029 1,841.13 1,841.13 07/16/2026 Coupon 362955AD8 375,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 1,443.75 1,443.75 07/17/2026 Coupon 713448FX1 830,000.00 PEPSICO INC 4.5 07/17/2029 18,675.00 18,675.00 07/20/2026 Coupon 36269WAD1 126,759.50 GMALT 2024-2 A3 5.39 07/20/2027 180.74 180.74 07/20/2026 Principal Paydown 36269WAD1 126,759.50 GMALT 2024-2 A3 5.39 07/20/2027 38,694.30 38,694.30 07/20/2026 Coupon 362962AD4 440,000.00 GMALT 2025-2 A3 4.58 05/22/2028 1,679.33 1,679.33 07/20/2026 Coupon 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 893.20 893.20 07/20/2026 Principal Paydown 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 15,335.88 15,335.88 07/21/2026 Coupon 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 1,867.78 1,867.78 07/21/2026 Principal Paydown 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 32,911.52 32,911.52 07/23/2026 Coupon 46647PAM8 1,000,000.00 JPMORGAN CHASE & CO 3.509 01/23/2029 17,545.00 17,545.00 ATTACHMENT A Page 40 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/23/2026 Coupon 95000U4D2 580,000.00 WELLS FARGO & CO 4.182 01/23/2030 12,127.80 12,127.80 07/27/2026 Coupon 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 1,215.57 1,215.57 07/27/2026 Principal Paydown 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 19,218.62 19,218.62 07/27/2026 Coupon 3137BXQY1 1,000,000.00 FHMS K-064 A2 3.224 03/25/2027 2,686.67 2,686.67 07/27/2026 Coupon 3137F83Q4 2,000,000.00 FHMS K-121 A2 1.547 10/25/2030 2,578.33 2,578.33 07/27/2026 Coupon 3137FEZU7 1,200,000.00 FHMS K-076 A2 3.9 04/25/2028 3,900.00 3,900.00 07/27/2026 Coupon 3137FGR31 1,300,000.00 FHMS K-078 A2 3.854 06/25/2028 4,175.17 4,175.17 07/27/2026 Coupon 3137FJKE8 600,000.00 FHMS K-082 A2 3.92 09/25/2028 1,960.00 1,960.00 07/27/2026 Coupon 3137FLMV3 1,000,000.00 FHMS K-090 A2 3.422 02/25/2029 2,851.67 2,851.67 07/27/2026 Coupon 3137FRUT6 1,000,000.00 FHMS K-106 A2 2.069 01/25/2030 1,724.17 1,724.17 07/27/2026 Coupon 3137FXZ35 1,000,000.00 FHMS K-127 A2 2.108 01/25/2031 1,756.67 1,756.67 07/27/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 07/31/2026 Coupon 91282CFB2 600,000.00 UNITED STATES TREASURY 2.75 07/31/2027 8,250.00 8,250.00 07/31/2026 Coupon 91282CGH8 2,500,000.00 UNITED STATES TREASURY 3.5 01/31/2028 43,750.00 43,750.00 07/31/2026 Coupon 91282CJW2 1,500,000.00 UNITED STATES TREASURY 4.0 01/31/2029 30,000.00 30,000.00 07/31/2026 Coupon 91282CMG3 1,000,000.00 UNITED STATES TREASURY 4.25 01/31/2030 21,250.00 21,250.00 July 2026 Total 156,601.33 286,670.31 443,271.64
AUGUST 2026
08/03/2026 Coupon 13063EGT7 965,000.00 CALIFORNIA STATE 4.5 08/01/2029 21,712.50 21,712.50 08/07/2026 Coupon 63743HFX5 1,000,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.95 02/07/2030 24,750.00 24,750.00
08/12/2026 Coupon 92826CAZ5 590,000.00 VISA INC 4.1 02/12/2031 12,095.00 12,095.00 08/17/2026 Coupon 02079KBK2 1,000,000.00 ALPHABET INC 4.1 02/15/2031 20,727.78 20,727.78 08/17/2026 Coupon 02582JKH2 720,000.00 AMXCA 2024-1 A 5.23 04/16/2029 3,138.00 3,138.00 08/17/2026 Coupon 02582JKP4 790,000.00 AMXCA 2025-2 A 4.28 04/15/2030 2,817.67 2,817.67 08/17/2026 Coupon 05522RDJ4 460,000.00 BACCT 2024-1 A 4.93 05/15/2029 1,889.83 1,889.83 08/17/2026 Coupon 161571HT4 965,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,149.50 4,149.50 08/17/2026 Coupon 171239AL0 505,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 11,741.25 11,741.25 08/17/2026 Coupon 362955AD8 375,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 1,443.75 1,443.75 08/17/2026 Principal Paydown 362955AD8 375,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 17,029.87 17,029.87 08/17/2026 Coupon 437921AD1 300,000.00 HAROT 252 A3 4.15 10/15/2029 1,037.50 1,037.50 08/17/2026 Coupon 44935CAD3 575,000.00 HART 2025-A A3 4.32 10/15/2029 2,070.00 2,070.00 ATTACHMENT A Page 41 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/17/2026 Coupon 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 1,572.60 1,572.60 08/17/2026 Principal Paydown 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 21,446.16 21,446.16 08/17/2026 Coupon 47800DAD6 460,000.00 JDOT 2025 A3 4.23 09/17/2029 1,621.50 1,621.50 08/17/2026 Coupon 58770JAD6 204,492.99 MBALT 2024-A A3 5.32 01/18/2028 555.43 555.43 08/17/2026 Principal Paydown 58770JAD6 204,492.99 MBALT 2024-A A3 5.32 01/18/2028 23,580.68 23,580.68 08/17/2026 Coupon 58773DAD6 545,000.00 MBART 2025-1 A3 4.78 12/17/2029 2,170.92 2,170.92 08/17/2026 Principal Paydown 58773DAD6 545,000.00 MBART 2025-1 A3 4.78 12/17/2029 2,313.27 2,313.27 08/17/2026 Coupon 89240JAD3 565,000.00 TAOT 2025-A A3 4.64 08/15/2029 2,184.67 2,184.67 08/17/2026 Coupon 92970QAE5 515,000.00 WFCIT 2024-2 A 4.29 10/15/2029 1,841.13 1,841.13 08/18/2026 Coupon 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 825.85 825.85 08/18/2026 Principal Paydown 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 14,918.67 14,918.67 08/20/2026 Coupon 36269WAD1 126,759.50 GMALT 2024-2 A3 5.39 07/20/2027 6.94 6.94 08/20/2026 Effective Maturity 36269WAD1 126,759.50 GMALT 2024-2 A3 5.39 07/20/2027 1,545.01 1,545.01 08/20/2026 Coupon 362962AD4 440,000.00 GMALT 2025-2 A3 4.58 05/22/2028 1,679.33 1,679.33 08/21/2026 Coupon 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 1,742.44 1,742.44 08/21/2026 Principal Paydown 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 31,958.05 31,958.05 08/25/2026 Coupon 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 1,132.61 1,132.61 08/25/2026 Principal Paydown 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 18,720.97 18,720.97 08/25/2026 Coupon 3137BXQY1 1,000,000.00 FHMS K-064 A2 3.224 03/25/2027 2,686.67 2,686.67 08/25/2026 Coupon 3137F83Q4 2,000,000.00 FHMS K-121 A2 1.547 10/25/2030 2,578.33 2,578.33 08/25/2026 Coupon 3137FEZU7 1,200,000.00 FHMS K-076 A2 3.9 04/25/2028 3,900.00 3,900.00 08/25/2026 Coupon 3137FGR31 1,300,000.00 FHMS K-078 A2 3.854 06/25/2028 4,175.17 4,175.17 08/25/2026 Coupon 3137FJKE8 600,000.00 FHMS K-082 A2 3.92 09/25/2028 1,960.00 1,960.00 08/25/2026 Coupon 3137FLMV3 1,000,000.00 FHMS K-090 A2 3.422 02/25/2029 2,851.67 2,851.67 08/25/2026 Coupon 3137FRUT6 1,000,000.00 FHMS K-106 A2 2.069 01/25/2030 1,724.17 1,724.17 08/25/2026 Coupon 3137FXZ35 1,000,000.00 FHMS K-127 A2 2.108 01/25/2031 1,756.67 1,756.67 08/25/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 08/26/2026 Coupon 17275RBR2 490,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 11,882.50 11,882.50 08/31/2026 Coupon 91282CCW9 480,000.00 UNITED STATES TREASURY 0.75 08/31/2026 1,800.00 1,800.00 08/31/2026 Final Maturity 91282CCW9 480,000.00 UNITED STATES TREASURY 0.75 08/31/2026 480,000.00 480,000.00 08/31/2026 Coupon 91282CGP0 2,500,000.00 UNITED STATES TREASURY 4.0 02/29/2028 50,000.00 50,000.00 08/31/2026 Coupon 91282CGQ8 1,000,000.00 UNITED STATES TREASURY 4.0 02/28/2030 20,000.00 20,000.00 ATTACHMENT A Page 42 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/31/2026 Coupon 91282CHX2 400,000.00 UNITED STATES TREASURY 4.375 08/31/2028 8,750.00 8,750.00 08/31/2026 Coupon 91282CLK5 2,000,000.00 UNITED STATES TREASURY 3.625 08/31/2029 36,250.00 36,250.00 08/31/2026 Coupon 91282CNX5 2,250,000.00 UNITED STATES TREASURY 3.625 08/31/2030 40,781.25 40,781.25 08/31/2026 Coupon 91282CQD6 2,000,000.00 UNITED STATES TREASURY 3.5 02/28/2031 35,000.00 35,000.00 August 2026 Total 611,512.68 351,827.60 963,340.28
SEPTEMBER 2026
09/03/2026 Coupon 808513BY0 750,000.00 CHARLES SCHWAB CORP 2.45 03/03/2027 9,187.50 9,187.50 09/15/2026 Coupon 00287YDZ9 1,000,000.00 ABBVIE INC 4.875 03/15/2030 24,375.00 24,375.00 09/15/2026 Coupon 02582JKH2 720,000.00 AMXCA 2024-1 A 5.23 04/16/2029 3,138.00 3,138.00 09/15/2026 Coupon 02582JKP4 790,000.00 AMXCA 2025-2 A 4.28 04/15/2030 2,817.67 2,817.67 09/15/2026 Coupon 05522RDJ4 460,000.00 BACCT 2024-1 A 4.93 05/15/2029 1,889.83 1,889.83 09/15/2026 Coupon 084664CZ2 1,080,000.00 BERKSHIRE HATHAWAY FINANCE CORP 2.3 03/15/2027 12,420.00 12,420.00
09/15/2026 Coupon 161571HT4 965,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,149.50 4,149.50 09/15/2026 Effective Maturity 161571HT4 965,000.00 CHAIT 2023-1 A 5.16 09/15/2028 965,000.00 965,000.00 09/15/2026 Coupon 437921AD1 300,000.00 HAROT 252 A3 4.15 10/15/2029 1,037.50 1,037.50 09/15/2026 Coupon 44935CAD3 575,000.00 HART 2025-A A3 4.32 10/15/2029 2,070.00 2,070.00 09/15/2026 Coupon 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 1,479.67 1,479.67 09/15/2026 Principal Paydown 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 23,355.23 23,355.23 09/15/2026 Coupon 47800DAD6 460,000.00 JDOT 2025 A3 4.23 09/17/2029 1,621.50 1,621.50 09/15/2026 Coupon 571748CA8 1,000,000.00 MARSH & MCLENNAN COMPANIES INC 4.65 03/15/2030 23,250.00 23,250.00
09/15/2026 Coupon 58770JAD6 204,492.99 MBALT 2024-A A3 5.32 01/18/2028 450.89 450.89 09/15/2026 Principal Paydown 58770JAD6 204,492.99 MBALT 2024-A A3 5.32 01/18/2028 25,275.69 25,275.69 09/15/2026 Coupon 58773DAD6 545,000.00 MBART 2025-1 A3 4.78 12/17/2029 2,161.70 2,161.70 09/15/2026 Principal Paydown 58773DAD6 545,000.00 MBART 2025-1 A3 4.78 12/17/2029 26,972.11 26,972.11 09/15/2026 Coupon 79466LAQ7 595,000.00 SALESFORCE INC 4.5 03/15/2028 13,536.25 13,536.25 09/15/2026 Coupon 89240JAD3 565,000.00 TAOT 2025-A A3 4.64 08/15/2029 2,184.67 2,184.67 09/15/2026 Principal Paydown 89240JAD3 565,000.00 TAOT 2025-A A3 4.64 08/15/2029 22,036.36 22,036.36 09/15/2026 Coupon 92970QAE5 515,000.00 WFCIT 2024-2 A 4.29 10/15/2029 1,841.13 1,841.13 09/16/2026 Coupon 362955AD8 375,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 1,378.19 1,378.19 09/16/2026 Principal Paydown 362955AD8 375,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 15,638.24 15,638.24 ATTACHMENT A Page 43 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/18/2026 Coupon 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 760.33 760.33 09/18/2026 Principal Paydown 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 14,614.94 14,614.94 09/21/2026 Coupon 362962AD4 440,000.00 GMALT 2025-2 A3 4.58 05/22/2028 1,679.33 1,679.33 09/21/2026 Coupon 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 1,620.73 1,620.73 09/21/2026 Principal Paydown 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 31,276.85 31,276.85 09/21/2026 Coupon 459058LR2 1,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 20,625.00 20,625.00
09/25/2026 Coupon 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 1,051.80 1,051.80 09/25/2026 Principal Paydown 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 18,385.43 18,385.43 09/25/2026 Coupon 3137BXQY1 1,000,000.00 FHMS K-064 A2 3.224 03/25/2027 2,686.67 2,686.67 09/25/2026 Coupon 3137F83Q4 2,000,000.00 FHMS K-121 A2 1.547 10/25/2030 2,578.33 2,578.33 09/25/2026 Coupon 3137FEZU7 1,200,000.00 FHMS K-076 A2 3.9 04/25/2028 3,900.00 3,900.00 09/25/2026 Principal Paydown 3137FEZU7 1,200,000.00 FHMS K-076 A2 3.9 04/25/2028 155.90 155.90 09/25/2026 Coupon 3137FGR31 1,300,000.00 FHMS K-078 A2 3.854 06/25/2028 4,175.17 4,175.17 09/25/2026 Coupon 3137FJKE8 600,000.00 FHMS K-082 A2 3.92 09/25/2028 1,960.00 1,960.00 09/25/2026 Coupon 3137FLMV3 1,000,000.00 FHMS K-090 A2 3.422 02/25/2029 2,851.67 2,851.67 09/25/2026 Coupon 3137FRUT6 1,000,000.00 FHMS K-106 A2 2.069 01/25/2030 1,724.17 1,724.17 09/25/2026 Coupon 3137FXZ35 1,000,000.00 FHMS K-127 A2 2.108 01/25/2031 1,756.67 1,756.67 09/25/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 09/28/2026 Coupon 69371RT48 600,000.00 PACCAR FINANCIAL CORP 4.0 09/26/2029 12,000.00 12,000.00 09/28/2026 Coupon 743315AW3 1,000,000.00 PROGRESSIVE CORP 3.2 03/26/2030 16,000.00 16,000.00 09/30/2026 Coupon 91282CCZ2 2,820,000.00 UNITED STATES TREASURY 0.875 09/30/2026 12,337.50 12,337.50 09/30/2026 Final Maturity 91282CCZ2 2,820,000.00 UNITED STATES TREASURY 0.875 09/30/2026 2,820,000.00 2,820,000.00 09/30/2026 Coupon 91282CGS4 1,500,000.00 UNITED STATES TREASURY 3.625 03/31/2030 27,187.50 27,187.50 09/30/2026 Coupon 91282CKG5 2,300,000.00 UNITED STATES TREASURY 4.125 03/31/2029 47,437.50 47,437.50 09/30/2026 Coupon 91282CLN9 1,000,000.00 UNITED STATES TREASURY 3.5 09/30/2029 17,500.00 17,500.00 09/30/2026 Coupon 91282CQG9 1,000,000.00 UNITED STATES TREASURY 3.875 03/31/2031 19,375.00 19,375.00 September 2026
Total 3,962,710.75 311,021.34 4,273,732.09
OCTOBER 2026
10/15/2026 Coupon 02582JKH2 720,000.00 AMXCA 2024-1 A 5.23 04/16/2029 3,138.00 3,138.00 10/15/2026 Coupon 02582JKP4 790,000.00 AMXCA 2025-2 A 4.28 04/15/2030 2,817.67 2,817.67 ATTACHMENT A Page 44 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/15/2026 Coupon 05522RDJ4 460,000.00 BACCT 2024-1 A 4.93 05/15/2029 1,889.83 1,889.83 10/15/2026 Coupon 24422EYF0 1,000,000.00 JOHN DEERE CAPITAL CORP 4.375 10/15/2030 21,875.00 21,875.00 10/15/2026 Coupon 437921AD1 300,000.00 HAROT 252 A3 4.15 10/15/2029 1,037.50 1,037.50 10/15/2026 Coupon 44935CAD3 575,000.00 HART 2025-A A3 4.32 10/15/2029 2,070.00 2,070.00 10/15/2026 Coupon 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 1,378.46 1,378.46 10/15/2026 Principal Paydown 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 22,157.47 22,157.47 10/15/2026 Coupon 47800DAD6 460,000.00 JDOT 2025 A3 4.23 09/17/2029 1,621.50 1,621.50 10/15/2026 Coupon 58770JAD6 204,492.99 MBALT 2024-A A3 5.32 01/18/2028 338.83 338.83 10/15/2026 Principal Paydown 58770JAD6 204,492.99 MBALT 2024-A A3 5.32 01/18/2028 26,384.03 26,384.03 10/15/2026 Coupon 58773DAD6 545,000.00 MBART 2025-1 A3 4.78 12/17/2029 2,054.26 2,054.26 10/15/2026 Principal Paydown 58773DAD6 545,000.00 MBART 2025-1 A3 4.78 12/17/2029 25,931.10 25,931.10 10/15/2026 Coupon 89240JAD3 565,000.00 TAOT 2025-A A3 4.64 08/15/2029 2,099.46 2,099.46 10/15/2026 Principal Paydown 89240JAD3 565,000.00 TAOT 2025-A A3 4.64 08/15/2029 30,097.31 30,097.31 10/15/2026 Coupon 92970QAE5 515,000.00 WFCIT 2024-2 A 4.29 10/15/2029 1,841.13 1,841.13 10/16/2026 Coupon 362955AD8 375,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 1,317.98 1,317.98 10/16/2026 Principal Paydown 362955AD8 375,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 19,471.76 19,471.76 10/16/2026 Coupon 459058LN1 1,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 19,375.00 19,375.00
10/19/2026 Coupon 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 696.14 696.14 10/19/2026 Principal Paydown 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 14,101.82 14,101.82 10/19/2026 Coupon 61748UAK8 695,000.00 MORGAN STANLEY 4.133 10/18/2029 14,362.18 14,362.18 10/20/2026 Coupon 362962AD4 440,000.00 GMALT 2025-2 A3 4.58 05/22/2028 1,679.33 1,679.33 10/20/2026 Principal Paydown 362962AD4 440,000.00 GMALT 2025-2 A3 4.58 05/22/2028 48,610.38 48,610.38 10/21/2026 Coupon 38141GD27 735,000.00 GOLDMAN SACHS GROUP INC 4.153 10/21/2029 15,262.28 15,262.28
10/21/2026 Coupon 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 1,501.62 1,501.62 10/21/2026 Principal Paydown 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 30,091.97 30,091.97 10/26/2026 Coupon 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 972.44 972.44 10/26/2026 Principal Paydown 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 16,830.02 16,830.02 10/26/2026 Coupon 3133EPGW9 950,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
3.875 04/25/2028 18,406.25 18,406.25
10/26/2026 Coupon 3137BXQY1 1,000,000.00 FHMS K-064 A2 3.224 03/25/2027 2,686.67 2,686.67 ATTACHMENT A Page 45 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/26/2026 Principal Paydown 3137BXQY1 1,000,000.00 FHMS K-064 A2 3.224 03/25/2027 10,414.18 10,414.18 10/26/2026 Coupon 3137F83Q4 2,000,000.00 FHMS K-121 A2 1.547 10/25/2030 2,578.33 2,578.33 10/26/2026 Coupon 3137FEZU7 1,200,000.00 FHMS K-076 A2 3.9 04/25/2028 3,899.49 3,899.49 10/26/2026 Principal Paydown 3137FEZU7 1,200,000.00 FHMS K-076 A2 3.9 04/25/2028 1,797.77 1,797.77 10/26/2026 Coupon 3137FGR31 1,300,000.00 FHMS K-078 A2 3.854 06/25/2028 4,175.17 4,175.17 10/26/2026 Coupon 3137FJKE8 600,000.00 FHMS K-082 A2 3.92 09/25/2028 1,960.00 1,960.00 10/26/2026 Coupon 3137FLMV3 1,000,000.00 FHMS K-090 A2 3.422 02/25/2029 2,851.67 2,851.67 10/26/2026 Coupon 3137FRUT6 1,000,000.00 FHMS K-106 A2 2.069 01/25/2030 1,724.17 1,724.17 10/26/2026 Coupon 3137FXZ35 1,000,000.00 FHMS K-127 A2 2.108 01/25/2031 1,756.67 1,756.67 10/26/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 10/26/2026 Coupon 857477DB6 1,000,000.00 STATE STREET CORP 4.834 04/24/2030 24,170.00 24,170.00 October 2026 Total 245,887.83 164,362.01 410,249.84
NOVEMBER 2026
11/02/2026 Coupon 91282CJF9 600,000.00 UNITED STATES TREASURY 4.875 10/31/2028 14,625.00 14,625.00 11/02/2026 Coupon 91282CKP5 2,150,000.00 UNITED STATES TREASURY 4.625 04/30/2029 49,718.75 49,718.75 11/16/2026 Coupon 02582JKH2 720,000.00 AMXCA 2024-1 A 5.23 04/16/2029 3,138.00 3,138.00 11/16/2026 Coupon 02582JKP4 790,000.00 AMXCA 2025-2 A 4.28 04/15/2030 2,817.67 2,817.67 11/16/2026 Coupon 05522RDJ4 460,000.00 BACCT 2024-1 A 4.93 05/15/2029 1,889.83 1,889.83 11/16/2026 Coupon 30303MAB8 750,000.00 META PLATFORMS INC 4.2 11/15/2030 15,750.00 15,750.00 11/16/2026 Coupon 362955AD8 375,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 1,243.01 1,243.01 11/16/2026 Principal Paydown 362955AD8 375,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 19,107.83 19,107.83 11/16/2026 Coupon 437921AD1 300,000.00 HAROT 252 A3 4.15 10/15/2029 1,037.50 1,037.50 11/16/2026 Coupon 44935CAD3 575,000.00 HART 2025-A A3 4.32 10/15/2029 2,070.00 2,070.00 11/16/2026 Principal Paydown 44935CAD3 575,000.00 HART 2025-A A3 4.32 10/15/2029 14,358.47 14,358.47 11/16/2026 Coupon 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 1,282.45 1,282.45 11/16/2026 Principal Paydown 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 26,265.54 26,265.54 11/16/2026 Coupon 47800DAD6 460,000.00 JDOT 2025 A3 4.23 09/17/2029 1,621.50 1,621.50 11/16/2026 Coupon 58770JAD6 204,492.99 MBALT 2024-A A3 5.32 01/18/2028 221.86 221.86 11/16/2026 Principal Paydown 58770JAD6 204,492.99 MBALT 2024-A A3 5.32 01/18/2028 20,381.74 20,381.74 11/16/2026 Coupon 58773DAD6 545,000.00 MBART 2025-1 A3 4.78 12/17/2029 1,950.97 1,950.97 11/16/2026 Principal Paydown 58773DAD6 545,000.00 MBART 2025-1 A3 4.78 12/17/2029 25,469.21 25,469.21 11/16/2026 Coupon 717081FD0 900,000.00 PFIZER INC 4.2 11/15/2030 18,900.00 18,900.00 ATTACHMENT A Page 46 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/16/2026 Coupon 89236TMF9 500,000.00 TOYOTA MOTOR CREDIT CORP 5.05 05/16/2029 12,625.00 12,625.00 11/16/2026 Coupon 89240JAD3 565,000.00 TAOT 2025-A A3 4.64 08/15/2029 1,983.08 1,983.08 11/16/2026 Principal Paydown 89240JAD3 565,000.00 TAOT 2025-A A3 4.64 08/15/2029 29,518.78 29,518.78 11/16/2026 Coupon 92970QAE5 515,000.00 WFCIT 2024-2 A 4.29 10/15/2029 1,841.13 1,841.13 11/18/2026 Coupon 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 634.21 634.21 11/18/2026 Principal Paydown 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 13,792.03 13,792.03 11/19/2026 Coupon 665859AY0 850,000.00 NORTHERN TRUST CORP 4.15 11/19/2030 17,637.50 17,637.50 11/20/2026 Coupon 362962AD4 440,000.00 GMALT 2025-2 A3 4.58 05/22/2028 1,493.80 1,493.80 11/20/2026 Principal Paydown 362962AD4 440,000.00 GMALT 2025-2 A3 4.58 05/22/2028 47,449.42 47,449.42 11/23/2026 Coupon 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 1,387.02 1,387.02 11/23/2026 Principal Paydown 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 29,362.62 29,362.62 11/25/2026 Coupon 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 899.79 899.79 11/25/2026 Principal Paydown 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 16,505.21 16,505.21 11/25/2026 Coupon 3137BXQY1 1,000,000.00 FHMS K-064 A2 3.224 03/25/2027 2,658.69 2,658.69 11/25/2026 Principal Paydown 3137BXQY1 1,000,000.00 FHMS K-064 A2 3.224 03/25/2027 156,128.67 156,128.67 11/25/2026 Coupon 3137F83Q4 2,000,000.00 FHMS K-121 A2 1.547 10/25/2030 2,578.33 2,578.33 11/25/2026 Coupon 3137FEZU7 1,200,000.00 FHMS K-076 A2 3.9 04/25/2028 3,893.65 3,893.65 11/25/2026 Principal Paydown 3137FEZU7 1,200,000.00 FHMS K-076 A2 3.9 04/25/2028 1,670.78 1,670.78 11/25/2026 Coupon 3137FGR31 1,300,000.00 FHMS K-078 A2 3.854 06/25/2028 4,175.17 4,175.17 11/25/2026 Coupon 3137FJKE8 600,000.00 FHMS K-082 A2 3.92 09/25/2028 1,960.00 1,960.00 11/25/2026 Coupon 3137FLMV3 1,000,000.00 FHMS K-090 A2 3.422 02/25/2029 2,851.67 2,851.67 11/25/2026 Coupon 3137FRUT6 1,000,000.00 FHMS K-106 A2 2.069 01/25/2030 1,724.17 1,724.17 11/25/2026 Coupon 3137FXZ35 1,000,000.00 FHMS K-127 A2 2.108 01/25/2031 1,756.67 1,756.67 11/25/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 11/30/2026 Coupon 91282CHE4 2,425,000.00 UNITED STATES TREASURY 3.625 05/31/2028 43,953.13 43,953.13 11/30/2026 Coupon 91282CJN2 625,000.00 UNITED STATES TREASURY 4.375 11/30/2028 13,671.88 13,671.88 11/30/2026 Coupon 91282CMA6 1,500,000.00 UNITED STATES TREASURY 4.125 11/30/2029 30,937.50 30,937.50 11/30/2026 Coupon 91282CPN5 2,500,000.00 UNITED STATES TREASURY 3.5 11/30/2030 43,750.00 43,750.00 November 2026
Total 400,010.31 311,503.91 711,514.22
DECEMBER 2026
ATTACHMENT A Page 47 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/01/2026 Coupon 26442CAS3 800,000.00 DUKE ENERGY CAROLINAS LLC 2.95 12/01/2026 11,800.00 11,800.00
12/01/2026 Final Maturity 26442CAS3 800,000.00 DUKE ENERGY CAROLINAS LLC 2.95 12/01/2026 800,000.00 800,000.00
12/15/2026 Coupon 02582JKH2 720,000.00 AMXCA 2024-1 A 5.23 04/16/2029 3,138.00 3,138.00 12/15/2026 Coupon 02582JKP4 790,000.00 AMXCA 2025-2 A 4.28 04/15/2030 2,817.67 2,817.67 12/15/2026 Coupon 05522RDJ4 460,000.00 BACCT 2024-1 A 4.93 05/15/2029 1,889.83 1,889.83 12/15/2026 Coupon 341081GT8 1,000,000.00 FLORIDA POWER & LIGHT CO 5.15 06/15/2029 25,750.00 25,750.00 12/15/2026 Coupon 437921AD1 300,000.00 HAROT 252 A3 4.15 10/15/2029 1,037.50 1,037.50 12/15/2026 Coupon 44935CAD3 575,000.00 HART 2025-A A3 4.32 10/15/2029 2,018.31 2,018.31 12/15/2026 Principal Paydown 44935CAD3 575,000.00 HART 2025-A A3 4.32 10/15/2029 32,493.57 32,493.57 12/15/2026 Coupon 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 1,168.63 1,168.63 12/15/2026 Principal Paydown 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 17,364.87 17,364.87 12/15/2026 Coupon 47800DAD6 460,000.00 JDOT 2025 A3 4.23 09/17/2029 1,621.50 1,621.50 12/15/2026 Coupon 58770JAD6 204,492.99 MBALT 2024-A A3 5.32 01/18/2028 131.50 131.50 12/15/2026 Principal Paydown 58770JAD6 204,492.99 MBALT 2024-A A3 5.32 01/18/2028 21,967.39 21,967.39 12/15/2026 Coupon 58773DAD6 545,000.00 MBART 2025-1 A3 4.78 12/17/2029 1,849.52 1,849.52 12/15/2026 Principal Paydown 58773DAD6 545,000.00 MBART 2025-1 A3 4.78 12/17/2029 24,098.94 24,098.94 12/15/2026 Coupon 89240JAD3 565,000.00 TAOT 2025-A A3 4.64 08/15/2029 1,868.94 1,868.94 12/15/2026 Principal Paydown 89240JAD3 565,000.00 TAOT 2025-A A3 4.64 08/15/2029 27,970.68 27,970.68 12/15/2026 Coupon 92970QAE5 515,000.00 WFCIT 2024-2 A 4.29 10/15/2029 1,841.13 1,841.13 12/16/2026 Coupon 362955AD8 375,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 1,169.45 1,169.45 12/16/2026 Principal Paydown 362955AD8 375,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 18,107.30 18,107.30 12/18/2026 Coupon 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 573.64 573.64 12/18/2026 Principal Paydown 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 11,190.51 11,190.51 12/21/2026 Coupon 362962AD4 440,000.00 GMALT 2025-2 A3 4.58 05/22/2028 1,312.71 1,312.71 12/21/2026 Principal Paydown 362962AD4 440,000.00 GMALT 2025-2 A3 4.58 05/22/2028 60,364.95 60,364.95 12/21/2026 Coupon 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 1,275.19 1,275.19 12/21/2026 Principal Paydown 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 28,001.64 28,001.64 12/25/2026 Coupon 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 828.54 828.54 12/25/2026 Principal Paydown 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 15,751.44 15,751.44 12/25/2026 Coupon 3137BXQY1 1,000,000.00 FHMS K-064 A2 3.224 03/25/2027 2,239.22 2,239.22 ATTACHMENT A Page 48 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/25/2026 Principal Paydown 3137BXQY1 1,000,000.00 FHMS K-064 A2 3.224 03/25/2027 156,525.71 156,525.71 12/25/2026 Coupon 3137F83Q4 2,000,000.00 FHMS K-121 A2 1.547 10/25/2030 2,578.33 2,578.33 12/25/2026 Coupon 3137FEZU7 1,200,000.00 FHMS K-076 A2 3.9 04/25/2028 3,888.22 3,888.22 12/25/2026 Principal Paydown 3137FEZU7 1,200,000.00 FHMS K-076 A2 3.9 04/25/2028 1,807.66 1,807.66 12/25/2026 Coupon 3137FGR31 1,300,000.00 FHMS K-078 A2 3.854 06/25/2028 4,175.17 4,175.17 12/25/2026 Coupon 3137FJKE8 600,000.00 FHMS K-082 A2 3.92 09/25/2028 1,960.00 1,960.00 12/25/2026 Coupon 3137FLMV3 1,000,000.00 FHMS K-090 A2 3.422 02/25/2029 2,851.67 2,851.67 12/25/2026 Coupon 3137FRUT6 1,000,000.00 FHMS K-106 A2 2.069 01/25/2030 1,724.17 1,724.17 12/25/2026 Coupon 3137FXZ35 1,000,000.00 FHMS K-127 A2 2.108 01/25/2031 1,756.67 1,756.67 12/25/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 12/28/2026 Coupon 437076DC3 950,000.00 HOME DEPOT INC 4.75 06/25/2029 22,562.50 22,562.50 12/31/2026 Coupon 91282CEW7 2,250,000.00 UNITED STATES TREASURY 3.25 06/30/2027 36,562.50 36,562.50 12/31/2026 Coupon 91282CGC9 700,000.00 UNITED STATES TREASURY 3.875 12/31/2027 13,562.50 13,562.50 12/31/2026 Coupon 91282CJR3 2,100,000.00 UNITED STATES TREASURY 3.75 12/31/2028 39,375.00 39,375.00 12/31/2026 Coupon 91282CKX8 1,000,000.00 UNITED STATES TREASURY 4.25 06/30/2029 21,250.00 21,250.00 12/31/2026 Coupon 91282CNK3 1,200,000.00 UNITED STATES TREASURY 3.875 06/30/2030 23,250.00 23,250.00 December 2026
Total 1,215,644.67 242,653.00 1,458,297.67
JANUARY 2027
01/04/2027 Coupon 74456QCX2 750,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 4.2 01/01/2031 15,750.00 15,750.00
01/08/2027 Coupon 14913UBH2 880,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.15 01/08/2031 18,260.00 18,260.00
01/11/2027 Coupon 89236TPH2 475,000.00 TOYOTA MOTOR CREDIT CORP 4.2 01/10/2031 9,975.00 9,975.00 01/15/2027 Coupon 02582JKH2 720,000.00 AMXCA 2024-1 A 5.23 04/16/2029 3,138.00 3,138.00 01/15/2027 Coupon 02582JKP4 790,000.00 AMXCA 2025-2 A 4.28 04/15/2030 2,817.67 2,817.67 01/15/2027 Coupon 05522RDJ4 460,000.00 BACCT 2024-1 A 4.93 05/15/2029 1,889.83 1,889.83 01/15/2027 Coupon 437921AD1 300,000.00 HAROT 252 A3 4.15 10/15/2029 1,037.50 1,037.50 01/15/2027 Coupon 44935CAD3 575,000.00 HART 2025-A A3 4.32 10/15/2029 1,901.33 1,901.33 01/15/2027 Principal Paydown 44935CAD3 575,000.00 HART 2025-A A3 4.32 10/15/2029 31,824.80 31,824.80 01/15/2027 Coupon 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 1,093.38 1,093.38 01/15/2027 Principal Paydown 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 24,879.23 24,879.23 ATTACHMENT A Page 49 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/15/2027 Coupon 47800DAD6 460,000.00 JDOT 2025 A3 4.23 09/17/2029 1,621.50 1,621.50 01/15/2027 Principal Paydown 47800DAD6 460,000.00 JDOT 2025 A3 4.23 09/17/2029 3,854.24 3,854.24 01/15/2027 Coupon 58770JAD6 204,492.99 MBALT 2024-A A3 5.32 01/18/2028 34.11 34.11 01/15/2027 Effective Maturity 58770JAD6 204,492.99 MBALT 2024-A A3 5.32 01/18/2028 7,694.90 7,694.90 01/15/2027 Coupon 58773DAD6 545,000.00 MBART 2025-1 A3 4.78 12/17/2029 1,753.52 1,753.52 01/15/2027 Principal Paydown 58773DAD6 545,000.00 MBART 2025-1 A3 4.78 12/17/2029 23,734.99 23,734.99 01/15/2027 Coupon 756109AX2 1,000,000.00 REALTY INCOME CORP 3.25 01/15/2031 16,250.00 16,250.00 01/15/2027 Coupon 828807DK0 1,000,000.00 SIMON PROPERTY GROUP LP 2.65 07/15/2030 13,250.00 13,250.00 01/15/2027 Coupon 87612EBM7 535,000.00 TARGET CORP 1.95 01/15/2027 5,216.25 5,216.25 01/15/2027 Final Maturity 87612EBM7 535,000.00 TARGET CORP 1.95 01/15/2027 535,000.00 535,000.00 01/15/2027 Coupon 89240JAD3 565,000.00 TAOT 2025-A A3 4.64 08/15/2029 1,760.79 1,760.79 01/15/2027 Principal Paydown 89240JAD3 565,000.00 TAOT 2025-A A3 4.64 08/15/2029 27,507.26 27,507.26 01/15/2027 Coupon 92970QAE5 515,000.00 WFCIT 2024-2 A 4.29 10/15/2029 1,841.13 1,841.13 01/18/2027 Coupon 362955AD8 375,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 1,099.73 1,099.73 01/18/2027 Principal Paydown 362955AD8 375,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 17,815.13 17,815.13 01/18/2027 Coupon 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 524.50 524.50 01/18/2027 Principal Paydown 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 10,979.96 10,979.96 01/19/2027 Coupon 713448FX1 830,000.00 PEPSICO INC 4.5 07/17/2029 18,675.00 18,675.00 01/20/2027 Coupon 362962AD4 440,000.00 GMALT 2025-2 A3 4.58 05/22/2028 1,082.31 1,082.31 01/20/2027 Principal Paydown 362962AD4 440,000.00 GMALT 2025-2 A3 4.58 05/22/2028 61,847.73 61,847.73 01/21/2027 Coupon 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 1,168.56 1,168.56 01/21/2027 Principal Paydown 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 27,415.44 27,415.44 01/25/2027 Coupon 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 760.54 760.54 01/25/2027 Principal Paydown 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 15,490.37 15,490.37 01/25/2027 Coupon 3137BXQY1 1,000,000.00 FHMS K-064 A2 3.224 03/25/2027 1,818.69 1,818.69 01/25/2027 Principal Paydown 3137BXQY1 1,000,000.00 FHMS K-064 A2 3.224 03/25/2027 257,509.80 257,509.80 01/25/2027 Coupon 3137F83Q4 2,000,000.00 FHMS K-121 A2 1.547 10/25/2030 2,578.33 2,578.33 01/25/2027 Coupon 3137FEZU7 1,200,000.00 FHMS K-076 A2 3.9 04/25/2028 3,882.35 3,882.35 01/25/2027 Principal Paydown 3137FEZU7 1,200,000.00 FHMS K-076 A2 3.9 04/25/2028 1,681.36 1,681.36 01/25/2027 Coupon 3137FGR31 1,300,000.00 FHMS K-078 A2 3.854 06/25/2028 4,175.17 4,175.17 01/25/2027 Coupon 3137FJKE8 600,000.00 FHMS K-082 A2 3.92 09/25/2028 1,960.00 1,960.00 01/25/2027 Coupon 3137FLMV3 1,000,000.00 FHMS K-090 A2 3.422 02/25/2029 2,851.67 2,851.67 ATTACHMENT A Page 50 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/25/2027 Coupon 3137FRUT6 1,000,000.00 FHMS K-106 A2 2.069 01/25/2030 1,724.17 1,724.17 01/25/2027 Coupon 3137FXZ35 1,000,000.00 FHMS K-127 A2 2.108 01/25/2031 1,756.67 1,756.67 01/25/2027 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 01/25/2027 Coupon 46647PAM8 1,000,000.00 JPMORGAN CHASE & CO 3.509 01/23/2029 17,545.00 17,545.00 01/25/2027 Coupon 95000U4D2 580,000.00 WELLS FARGO & CO 4.182 01/23/2030 12,127.80 12,127.80 January 2027 Total 1,047,235.23 174,145.50 1,221,380.72 FEBRUARY 2027
02/01/2027 Coupon 13063EGT7 965,000.00 CALIFORNIA STATE 4.5 08/01/2029 21,712.50 21,712.50 02/01/2027 Coupon 91282CFB2 600,000.00 UNITED STATES TREASURY 2.75 07/31/2027 8,250.00 8,250.00 02/01/2027 Coupon 91282CGH8 2,500,000.00 UNITED STATES TREASURY 3.5 01/31/2028 43,750.00 43,750.00 02/01/2027 Coupon 91282CJW2 1,500,000.00 UNITED STATES TREASURY 4.0 01/31/2029 30,000.00 30,000.00 02/01/2027 Coupon 91282CMG3 1,000,000.00 UNITED STATES TREASURY 4.25 01/31/2030 21,250.00 21,250.00 02/08/2027 Coupon 63743HFX5 1,000,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.95 02/07/2030 24,750.00 24,750.00
02/12/2027 Coupon 92826CAZ5 590,000.00 VISA INC 4.1 02/12/2031 12,095.00 12,095.00 02/15/2027 Coupon 05522RDJ4 460,000.00 BACCT 2024-1 A 4.93 05/15/2029 1,889.83 1,889.83 02/15/2027 Coupon 437921AD1 300,000.00 HAROT 252 A3 4.15 10/15/2029 1,037.50 1,037.50 02/15/2027 Principal Paydown 437921AD1 300,000.00 HAROT 252 A3 4.15 10/15/2029 11,540.56 11,540.56 02/15/2027 Coupon 44935CAD3 575,000.00 HART 2025-A A3 4.32 10/15/2029 1,786.76 1,786.76 02/15/2027 Principal Paydown 44935CAD3 575,000.00 HART 2025-A A3 4.32 10/15/2029 31,519.20 31,519.20 02/15/2027 Coupon 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 985.57 985.57 02/15/2027 Principal Paydown 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 22,546.12 22,546.12 02/15/2027 Coupon 47800DAD6 460,000.00 JDOT 2025 A3 4.23 09/17/2029 1,607.91 1,607.91 02/15/2027 Principal Paydown 47800DAD6 460,000.00 JDOT 2025 A3 4.23 09/17/2029 31,378.84 31,378.84 02/15/2027 Coupon 58773DAD6 545,000.00 MBART 2025-1 A3 4.78 12/17/2029 1,658.98 1,658.98 02/15/2027 Principal Paydown 58773DAD6 545,000.00 MBART 2025-1 A3 4.78 12/17/2029 23,543.55 23,543.55 02/15/2027 Coupon 89240JAD3 565,000.00 TAOT 2025-A A3 4.64 08/15/2029 1,654.43 1,654.43 02/15/2027 Principal Paydown 89240JAD3 565,000.00 TAOT 2025-A A3 4.64 08/15/2029 27,228.97 27,228.97 02/16/2027 Coupon 02079KBK2 1,000,000.00 ALPHABET INC 4.1 02/15/2031 20,500.00 20,500.00 02/16/2027 Coupon 02582JKH2 720,000.00 AMXCA 2024-1 A 5.23 04/16/2029 3,138.00 3,138.00 02/16/2027 Coupon 02582JKP4 790,000.00 AMXCA 2025-2 A 4.28 04/15/2030 2,817.67 2,817.67 02/16/2027 Coupon 171239AL0 505,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 11,741.25 11,741.25 ATTACHMENT A Page 51 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/16/2027 Coupon 362955AD8 375,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 1,031.15 1,031.15 02/16/2027 Principal Paydown 362955AD8 375,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 16,763.97 16,763.97 02/16/2027 Coupon 92970QAE5 515,000.00 WFCIT 2024-2 A 4.29 10/15/2029 1,841.13 1,841.13 02/18/2027 Coupon 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 476.28 476.28 02/18/2027 Principal Paydown 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 10,823.96 10,823.96 02/22/2027 Coupon 362962AD4 440,000.00 GMALT 2025-2 A3 4.58 05/22/2028 846.26 846.26 02/22/2027 Principal Paydown 362962AD4 440,000.00 GMALT 2025-2 A3 4.58 05/22/2028 50,058.48 50,058.48 02/22/2027 Coupon 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 1,064.15 1,064.15 02/22/2027 Principal Paydown 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 26,943.53 26,943.53 02/25/2027 Coupon 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 693.68 693.68 02/25/2027 Principal Paydown 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 15,309.07 15,309.07 02/25/2027 Coupon 3137BXQY1 1,000,000.00 FHMS K-064 A2 3.224 03/25/2027 1,126.85 1,126.85 02/25/2027 Principal Paydown 3137BXQY1 1,000,000.00 FHMS K-064 A2 3.224 03/25/2027 280,739.82 280,739.82 02/25/2027 Coupon 3137F83Q4 2,000,000.00 FHMS K-121 A2 1.547 10/25/2030 2,578.33 2,578.33 02/25/2027 Coupon 3137FEZU7 1,200,000.00 FHMS K-076 A2 3.9 04/25/2028 3,876.88 3,876.88 02/25/2027 Principal Paydown 3137FEZU7 1,200,000.00 FHMS K-076 A2 3.9 04/25/2028 1,686.42 1,686.42 02/25/2027 Coupon 3137FGR31 1,300,000.00 FHMS K-078 A2 3.854 06/25/2028 4,175.17 4,175.17 02/25/2027 Coupon 3137FJKE8 600,000.00 FHMS K-082 A2 3.92 09/25/2028 1,960.00 1,960.00 02/25/2027 Coupon 3137FLMV3 1,000,000.00 FHMS K-090 A2 3.422 02/25/2029 2,851.67 2,851.67 02/25/2027 Coupon 3137FRUT6 1,000,000.00 FHMS K-106 A2 2.069 01/25/2030 1,724.17 1,724.17 02/25/2027 Coupon 3137FXZ35 1,000,000.00 FHMS K-127 A2 2.108 01/25/2031 1,756.67 1,756.67 02/25/2027 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 02/26/2027 Coupon 17275RBR2 490,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 11,882.50 11,882.50 February 2027
Total 550,082.50 251,335.27 801,417.77
MARCH 2027
03/01/2027 Coupon 91282CGP0 2,500,000.00 UNITED STATES TREASURY 4.0 02/29/2028 50,000.00 50,000.00 03/01/2027 Coupon 91282CGQ8 1,000,000.00 UNITED STATES TREASURY 4.0 02/28/2030 20,000.00 20,000.00 03/01/2027 Coupon 91282CHX2 400,000.00 UNITED STATES TREASURY 4.375 08/31/2028 8,750.00 8,750.00 03/01/2027 Coupon 91282CLK5 2,000,000.00 UNITED STATES TREASURY 3.625 08/31/2029 36,250.00 36,250.00 03/01/2027 Coupon 91282CNX5 2,250,000.00 UNITED STATES TREASURY 3.625 08/31/2030 40,781.25 40,781.25 03/01/2027 Coupon 91282CQD6 2,000,000.00 UNITED STATES TREASURY 3.5 02/28/2031 35,000.00 35,000.00 ATTACHMENT A Page 52 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/03/2027 Coupon 808513BY0 750,000.00 CHARLES SCHWAB CORP 2.45 03/03/2027 9,187.50 9,187.50 03/03/2027 Final Maturity 808513BY0 750,000.00 CHARLES SCHWAB CORP 2.45 03/03/2027 750,000.00 750,000.00 03/15/2027 Coupon 00287YDZ9 1,000,000.00 ABBVIE INC 4.875 03/15/2030 24,375.00 24,375.00 03/15/2027 Coupon 02582JKH2 720,000.00 AMXCA 2024-1 A 5.23 04/16/2029 3,138.00 3,138.00 03/15/2027 Coupon 02582JKP4 790,000.00 AMXCA 2025-2 A 4.28 04/15/2030 2,817.67 2,817.67 03/15/2027 Coupon 05522RDJ4 460,000.00 BACCT 2024-1 A 4.93 05/15/2029 1,889.83 1,889.83 03/15/2027 Coupon 084664CZ2 1,080,000.00 BERKSHIRE HATHAWAY FINANCE CORP 2.3 03/15/2027 12,420.00 12,420.00
03/15/2027 Final Maturity 084664CZ2 1,080,000.00 BERKSHIRE HATHAWAY FINANCE CORP 2.3 03/15/2027 1,080,000.00 1,080,000.00
03/15/2027 Coupon 437921AD1 300,000.00 HAROT 252 A3 4.15 10/15/2029 997.59 997.59 03/15/2027 Principal Paydown 437921AD1 300,000.00 HAROT 252 A3 4.15 10/15/2029 17,836.39 17,836.39 03/15/2027 Coupon 44935CAD3 575,000.00 HART 2025-A A3 4.32 10/15/2029 1,673.29 1,673.29 03/15/2027 Principal Paydown 44935CAD3 575,000.00 HART 2025-A A3 4.32 10/15/2029 30,602.48 30,602.48 03/15/2027 Coupon 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 887.87 887.87 03/15/2027 Principal Paydown 47786WAD2 429,231.03 JDOT 2024-B A3 5.2 03/15/2029 22,231.54 22,231.54 03/15/2027 Coupon 47800DAD6 460,000.00 JDOT 2025 A3 4.23 09/17/2029 1,497.30 1,497.30 03/15/2027 Principal Paydown 47800DAD6 460,000.00 JDOT 2025 A3 4.23 09/17/2029 22,839.61 22,839.61 03/15/2027 Coupon 571748CA8 1,000,000.00 MARSH & MCLENNAN COMPANIES INC 4.65 03/15/2030 23,250.00 23,250.00
03/15/2027 Coupon 58773DAD6 545,000.00 MBART 2025-1 A3 4.78 12/17/2029 1,565.20 1,565.20 03/15/2027 Principal Paydown 58773DAD6 545,000.00 MBART 2025-1 A3 4.78 12/17/2029 22,877.91 22,877.91 03/15/2027 Coupon 79466LAQ7 595,000.00 SALESFORCE INC 4.5 03/15/2028 13,387.50 13,387.50 03/15/2027 Coupon 89240JAD3 565,000.00 TAOT 2025-A A3 4.64 08/15/2029 1,549.14 1,549.14 03/15/2027 Principal Paydown 89240JAD3 565,000.00 TAOT 2025-A A3 4.64 08/15/2029 26,449.19 26,449.19 03/15/2027 Coupon 92970QAE5 515,000.00 WFCIT 2024-2 A 4.29 10/15/2029 1,841.13 1,841.13 03/16/2027 Coupon 362955AD8 375,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 966.60 966.60 03/16/2027 Principal Paydown 362955AD8 375,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 16,189.28 16,189.28 03/18/2027 Coupon 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 428.74 428.74 03/18/2027 Principal Paydown 437930AC4 226,383.08 HAROT 2024-2 A3 5.27 11/20/2028 10,521.88 10,521.88 03/22/2027 Coupon 362962AD4 440,000.00 GMALT 2025-2 A3 4.58 05/22/2028 655.20 655.20 03/22/2027 Principal Paydown 362962AD4 440,000.00 GMALT 2025-2 A3 4.58 05/22/2028 44,484.91 44,484.91 ATTACHMENT A Page 53 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/22/2027 Coupon 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 961.54 961.54 03/22/2027 Principal Paydown 43813YAC6 515,340.69 HAROT 2024-3 A3 4.57 03/21/2029 26,164.46 26,164.46 03/22/2027 Coupon 459058LR2 1,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 20,625.00 20,625.00
03/25/2027 Coupon 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 627.59 627.59 03/25/2027 Principal Paydown 096919AD7 300,487.21 BMWOT 2024-A A3 5.18 02/26/2029 13,518.98 13,518.98 03/25/2027 Coupon 3137BXQY1 1,000,000.00 FHMS K-064 A2 3.224 03/25/2027 372.59 372.59 03/25/2027 Final Maturity 3137BXQY1 1,000,000.00 FHMS K-064 A2 3.224 03/25/2027 138,681.82 138,681.82 03/25/2027 Coupon 3137F83Q4 2,000,000.00 FHMS K-121 A2 1.547 10/25/2030 2,578.33 2,578.33 03/25/2027 Coupon 3137FEZU7 1,200,000.00 FHMS K-076 A2 3.9 04/25/2028 3,871.40 3,871.40 03/25/2027 Principal Paydown 3137FEZU7 1,200,000.00 FHMS K-076 A2 3.9 04/25/2028 2,084.01 2,084.01 03/25/2027 Coupon 3137FGR31 1,300,000.00 FHMS K-078 A2 3.854 06/25/2028 4,175.17 4,175.17 03/25/2027 Coupon 3137FJKE8 600,000.00 FHMS K-082 A2 3.92 09/25/2028 1,960.00 1,960.00 03/25/2027 Coupon 3137FLMV3 1,000,000.00 FHMS K-090 A2 3.422 02/25/2029 2,851.67 2,851.67 03/25/2027 Coupon 3137FRUT6 1,000,000.00 FHMS K-106 A2 2.069 01/25/2030 1,724.17 1,724.17 03/25/2027 Coupon 3137FXZ35 1,000,000.00 FHMS K-127 A2 2.108 01/25/2031 1,756.67 1,756.67 03/25/2027 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 03/26/2027 Coupon 69371RT48 600,000.00 PACCAR FINANCIAL CORP 4.0 09/26/2029 12,000.00 12,000.00 03/26/2027 Coupon 743315AW3 1,000,000.00 PROGRESSIVE CORP 3.2 03/26/2030 16,000.00 16,000.00 March 2027 Total 2,224,482.46 365,637.95 2,590,120.41
Grand Total 388,949,470.32 10,919,808.60 2,967,469.46 13,887,278.06 ATTACHMENT A Page 54 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
IMPORTANT DISCLOSURES
Chandler Asset Management, Inc. (“Chandler”) is an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV).
To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.
Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.
Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.
Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.
Performance: Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.
Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN “AS IS” BASIS; ICE, ITS AFFILIATES AND
THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM.
NEITHER ICE DATA, ITS AFFILIATES OR THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN “AS IS” BASIS AND LICENSEE’S USE IS AT LICENSEE’S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.
Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.
Ratings: Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.
Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest.
LGIP Yields: Reported yields for local government investment pools may be presented as either the 30-day yield or the monthly distribution yield, as applicable. For certain funds, the 30-day yield is calculated using reported daily yield data. Yield calculations are subject to change and may not be directly comparable across funds.
LAIF Yields: Additional Disclosure for CA Clients - As a result of a reporting lag from the Local Agency Investment Fund (LAIF), reported LAIF yields represent the most recently available Daily Effective Yield and may reflect data from approximately 7–10 days prior to month-end.
ATTACHMENT A Page 55 of 199
City of Brea | Account #120 | As of April 30, 2026
Execution Time: 05/05/2026 10:23:26 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
BENCHMARK INDEX & DISCLOSURES
Benchmark Disclosure
ICE BofA 1-5 Yr US Treasury & Agency
Index
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.
ATTACHMENT A Page 56 of 199
CITY OF BREA
ATTN.: CITY MANAGER1 CIVIC CENTER CIRCLEBREA, CA 92821-5792 00178501 30- -01-B -62C-126-010102 -11-02877-01Questions?If you have any questions regarding your account or thisstatement, please contact your Account Manager.Account Manager:RODION BUTYRSKI18300 VON KARMANSUITE 500IRVINE CA 92612Phone: 949-224-7211E-mail: [email protected] Number: 6746050899PARS/CITY OF BREA 115P-PENSIONCONSOLIDATEDThis statement is for the period from April 1, 2026 to April 30, 2026 TFFFATFAATTFFFFFDTFDTTATDDFFADTFDATATDAATFATFTADAFAFTFADTATTAAFTD00000001785 000638172297095 P
ATTACHMENT
A