Agenda packet — Burbank City Council, April 7, 2026 (part 3 of 3)

5. Educational and career advancement counseling regarding attainment of general equivalency diploma (GED) or attendance/financing of education at a technical school, trade school, or college, including successful work ethic and attitude models.

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C. FYI ELIGIBILITY [Notice PIH 2023-04]
The PCWA is responsible for certifying that the youth has prior qua lifying foster care involvement. As determined by the PCWA, eligible youth:

1. Are at least 18 years of age and not more than 24 years of age (have not yet reached their 25th birthday).

2. Have left foster care or will leave foster care within 90 180 days, in accordance with a transition plan described in section 475(5)(H) of the Social Security Act.

3. Are homeless or at risk of becoming homeless at age 16 and older.

Eligibility is not limited to single persons . For example, pregnant and/or parenting youth are eligible to receive assistance assuming they otherwise meet eligibility requirements.

D. WAITING LIST ADMINISTRATION
Once the BHA receives the referral from the PCWA certifying the youth is eligible for the FYI program, the BHA must compare the list of referrals to its HCV waiting list to determine if any of the referrals are already on the BHA’s HCV waiting list. PCWA referrals on the BHA's HCV waiting must be assisted in order of their position on the HCV waiting. Any referrals not on the HCV waiting list must be placed on the BHA’s HCV waiting list. If the BHA has a closed HCV waiting list, it must reopen the waiting list and place the FYI eligible applicants on the waiting list. The BHA may reopen the waiting list to accept an FYI eligible youth without opening the waiting list for other applicants; however, the requirements at 24 CFR 982.206 for giving public notice when opening and closing the waiting list apply.

The BHA selects eligible youths based on t he BHA’s regular HCV waiting list selection policies. However, per federal regulation, the BHA may not apply any residence preference to FYI voucher applicants. See chapters 3 and 4 for HCV waiting list policies.

E. HCV ELIGIBILIT Y DETERMINATION
Once the BHA selects an eligible youth from the HCV waiting list, the BHA must determine that the referral meets HCV program eligibility requirements. Applicants must be eligible under both FYI and HCV eligibility requirement s. See chapter 2 for HCV eligibility requirements.

F. LEASE UP
The youth will be issued an FYI voucher once HCV eligibility has been determined.

The following must be discussed during the FYI voucher briefing:

1. The extension of assistance provisions and requirements.

2. The availability of the FSS program and offer them an FSS slot, if available, or offer to place them on the FSS waiting list.

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3. The supportive services available to them, the existence of any other programs or services, and their eligibility for such programs and services. However, participation in supportive services cannot be required as a condition of receiving FYI assistance.

4. All other required briefing session informa tion described in Chapter 8 Section B.

During the briefing session, the applicant will be issued a Voucher with a term of 120 calendar days. A youth may request an extension of the Voucher for an additional 90 calendar days. The BHA must approve the ext ension request, whether written or oral, if it the request is made on or pr ior to the expiration date of the Voucher. For households with a person with a disability, an extension of 60 calendar days, in addition to the 90 calendar days, will be granted upon request as a reasonable accommodation.

The BHA will issue the applicant a notice, a minimum of 30 calendar days prior to the initial term expiration, to remind them of about the term expiration date and the process for requesting an extension of the initial term, and to inquire if the applicant is in need of assistance with their housing search.

All other processes related to voucher issuance and administration follow HCV program regulations. See chapter 8 for Voucher Issuance information.

The youth may not be 25 before the HAP contract has been executed. Should a youth fail to use the voucher, the BHA may issue the voucher to another eligib le youth if one has been identified.

Turnover Vouchers
When the recipient of the FYI voucher leaves the program, the BHA must continue to use the FYI voucher for eligible youth upon turnover. If another eligible youth is not available, the BHA must notify HUD, and HUD will reduce the BHA’s HCV assistance to account for the removal of the FYI assistance from the BHA’s HCV baseline.

G. LENGTH OF ASSISTANCE [FR Notice 1/24/22]
As required by statute, an FYI voucher ma y only be used to provide housing assistance for youth for a maximum of 36 months. However, youth may receive an extension of the 36-month time limit of assistance for up to an additional 24 months if the youth is:

1. Participating in a Family Self-Sufficiency (FSS) program

2. Engaged in education, workforce devel opment, or employment activities for at least 9 months of the 12-month period preceding the extension, if the youth was unable to enroll in an FSS program.

3. Eligible for one of th ree statutory exceptions

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Extension of Assistance for FSS Enrollment prior to 36 Months To receive the 24-month extension of voucher assistance, a FYI youth must enroll in the FSS program during their first 36 months of assistance (unless the youth meets one of the statutory exceptions described later in this section). If the BHA is unable to offer a FYI youth an FSS slot during their first 36 months of rental assistance, the youth is considered to have been “unable to enroll” in the program and may have their voucher extended by meeting the education, workforce development, or employment requirements, described later in this section.

The BHA must inform the FYI youth of the availability of the FSS program at the time the voucher is issued and offer them an FSS slot, if available, or offer to place them on the FSS waiting list.

Extension of Assistance for FSS Enrollment Between 36 and 48 Months If an FSS slot becomes available between the 36-month and 48-m onth mark the BHA must offer the slot to a FYI voucher participant who had their voucher extended based on other eligible criteria .The BHA must work with the FYI voucher holder to determine whether enrollment in FSS is feasible and in their best interest given any education, workforce development, or employment activities that the FYI voucher holder is engaged in and any statutory exceptions that apply to the FYI voucher holder, as well as the remaining time on their FYI voucher.

If the FYI voucher holder accepts the FSS slot, the BHA must work with them to establish Contract of Participation goals and an Individual Training and Se rvices Plan (ITSP) that can be accomplished within t he period left on their FYI voucher. If the youth does not accept the FSS slot, the youth must meet one of the statutory exceptions or the education, workforce development, or employment require ment to receive an ex tension of rental assistance at the end of the 48 months.

Extension of Assistance for Youth Engaging in Education, Workforce Development, or Employment Activities
If the FYI youth has been unable to enroll in the FSS program during the first 36 months of receiving FYI assistance, the FYI voucher holder is entitled to receive an extension of assistance for up to two successive 12-mont h periods beyond the 36-month time limit.

Extensions will be granted provided that the FYI voucher holder engaged in at least one of the education, workforce development, or employment activities described below for a minimum of nine months of the 12-month period preceding each extension.

To meet the nine months out of the preceding 12 months requirement, the FYI voucher holder may have engaged in one of the educ ation, workforce development, or employment activities described below or a combination of these activities.

The education, workforce development, or employment criteria are as follows:

1. The FYI voucher holder was engaged in obtaining a recognized postsecondary credential or a secondary school diploma or its recognized DRAFT
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equivalent, as defined by the U.S. Department of Labor

2. The FYI voucher holder was enrolled in an institution of higher education, as such term is defined in section 101(a) of the Higher Education Act of 1965 (20 U.S.C. 1001(a)) or an institution that meets the definition of a proprietary institution of higher education or a postsecondary vocational institution under sections 102(b)(1) and (c)(1) of the Higher Education Act of 1965 (20 U.S.C. 1002(b)(1) and (c)(1)), respectively.
 The BHA requires that the FYI vouc her holder must be enrolled on at least a half-time basis, as defined by the institution which they attend.

3. The FYI voucher holder was participat ing in a career pathway, as such term is defined in Section 3 of the Workforce Innovation and Opportunity Act (29 U.S.C. 3102).

4. The FYI voucher holder was employed.
 The BHA requires that the FYI voucher holder must be working at least 20 hours a week.

The BHA will remind the FYI voucher holder at their second regu lar reexam of the education, workforce development, and employment requirements described above if the youth was not provided with the opportunity to enroll in the FSS program during the first 24 months of FYI assistance.

The BHA will send FYI participants a notice on how to demonstrate that they meet one of the conditions described above prior to the 36-month or 48-month recertification period.

Due to the timing of when the BHA veri fies compliance and conducts the annual reexamination, the FYI youth may have not yet met the 9-month requirement but may be able to demonstrate that they will meet the 9-month requirement as of the end of the 36- month or 48-month period. In such cases, th e FYI youth will still be considered to have met the requirements. The BHA will then conduct an annual reexamination. If the annual reexamination determines that the youth is still eligible for the HCV program, the BHA must provide the FYI youth the extension of voucher assistance.

Statutory Exceptions
FYI voucher holders will be entitled to receive an extension of assistance for up to 24 months beyond the 36-month time limit without participating in the BHA’s FSS program or engaging in one of the education, workforce development, or employment activities if they certify that they meet one of the exceptions below:

1. The FYI voucher holder is a parent or other household member responsible for the care of a dependent child under the age of six or for the care of an incapacitated person.
 The BHA defines an incapacitated person as a person under the age of eighteen years, or an adult individual who is unable to provide food, clothing, or shelter.

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2. The FYI voucher holder is a person who is regularly and actively participating in a drug addiction or alcohol treatment and rehabilitation program.

3. The FYI voucher holder is a person w ho is incapable of complying with the requirement to participate in a FSS program as described above or engage in education, workforce development, or employment activities as described below, as applicable, due to a documented medical condition.
 The BHA defines a medical conditi on as a specific health issue or illness that can be diagnosed by healthcare providers based on symptoms, medication use, or diagnostic testing.

The BHA will require a self-certification from the youth prior to the 36 month and 48 moth annual reexamination to verify that the youth meet one of the exceptions.

If the BHA determines that the youth meets one of the st atutory conditions described above, the BHA will then conduct an annual reex amination. If the annual reexamination determines that the youth is still eligible for the HCV program, the BHA must provide the FYI youth the extension of voucher assistance.

H. TERMINATION OF ASSISTANCE
Failure of the FYI voucher holder to meet one of the above conditions will only impact their ability to receive subsequent extensions of assistance. It will not serve as a basis for terminating the FYI assistance prior to the annual reexam.

Termination of a FYI voucher is handled in the same way as with any HCV; therefore, termination of a FYI voucher must be consis tent with HCV regulati ons at 24 CFR Part 982, Subpart L and BHA policies in Chapter 11.

Prior to termination, the BHA must offer the FYI voucher holder the opportunity to request an informal hearing, in accordance with Chapter 11.

Vouchers are limited by statute to a total of between 36 months and 60 months of housing assistance. At the end of t he statutory period, assistance must be terminated. However, any period for which no subsidy (HAP) is being paid on behalf of the youth does not count toward the limitation.

The FYI participant’s rental assistance may not be terminated if t hey decline supportive services.

The BHA may not transfer the assistance of FYI voucher holders to regular HCV assistance upon the expiration of the limit on a ssistance. It is also not permissible to reissue another FYI to the same youth upon expiration of their FYI assistance.

I. PORTABILITY
Portability for an FYI youth is handled in the same way as for a regular HCV family. The BHA may not restrict or deny portability fo r an FYI youth for reas ons other than those specified in the HCV program regulations.

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An FYI youth does not have to port to a jurisdiction that administers FYI vouchers.

If the receiving PHA absorbs the voucher, t he receiving PHA may absorb the youth into its regular HCV program if it has vouchers available to do so. If the receiving PHA absorbs the youth into its regular HCV program, that youth becomes a regular HCV participant with none of the limitations of an FYI voucher.

The BHA and receiving PHA must work together to initiate termination of assistance upon expiration of the time limit on assistance if the receiving PHA does not absorb the youth into its regular HCV program.

J. PROJECT-BASI NG FYI VOUCHERS
The BHA may project-base certain FYI vouc hers without HUD approval in accordance with all applicable PBV regulations and BHA policies in Chapter 18.

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GLOSSARY

ABATEMENT. The suspension of Housing Assistanc e Payments to the owner due to HQS noncompliance, until deficiencies are corrected and the unit passes inspection.

ADMINISTRATIVE PLAN . The HUD required written poli cy of the Housing Authority governing its administration of the Section 8 Program.

ABSORPTION. In portability, the point at which a receiving Housi ng Authority stops billing the initial Housing Authority for assistance on behal f of a household that is exercising portability.

ANNUAL CONTRIBUTIONS CONTRACT (ACC). A grant agreement between HUD and the Housing Authority which establishes t he basic terms and conditions for the Housing Authority’s public housing program.

ADJUSTED INCOME. Annual income minus allowable deductions.

ADMINISTRATIVE FEE. Fee paid by HUD to the Housing Authority for administration of the Section 8 Program.

ADMINISTRATIVE FEE RESERVE. Account established by the Housing Authority from excess administrative fee income. The admin istrative fee reserve must be used for housing purposes.

ADMISSION. The effective date of the first Hous ing Assistance Payments contract on behalf of the very low-income household. This is the point when the applicant becomes a participant in the Program.

ANNUAL BUDGET AUTHORITY. The maximum annual amount of funds that HUD has allocated for each funding increment allocated to an individual Housing Authority.

ANNUAL INCOME AFTER ALLOWANCES. The Annual Income (described above) minus the allowances.

APPLICANT. A person or family that has applied for admission to the Section 8 Program but is not yet a participant in the program.

APPLICANT WAITING LIST. A list of Section 8 Program applicants that is organized by preference categories.

ASSETS. Value of equity in savings accounts, checking accounts, retirement accounts, real property, stocks, bonds, and other forms of capital investment.

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CHILD CARE EXPENSES. Amounts paid by the household for the care of minors under 13 years of age where such care is nece ssary to enable a household member to be employed or to attend school.

CITIZEN. A citizen or national of the United States.

CONSOLIDATED ANNUAL CONT RIBUTIONS CONTRACT. A written contract between HUD and the Housing Authority wher e HUD agrees to provide funding for operation of the Section 8 Pr ogram and the Housing Authority agrees to comply with all Program requirements.

CONTINUOUSLY ASSISTED. An applicant is continuously assisted under the 1937 Housing Act if the household is already receiving assistance under any 1937 Housing Act program when the household is admitted to the Section 8 Program.

DAY LABORER. An individual hired and paid one da y at a time without an agreement that the individual will be hired or work again in the future.

DEPENDENT. A member of the family (which excludes foster children and foster adults) other than the family head or spouse who is under 18 years of age, or is a person with a disability, or is a full-time student.

DISABILITY ASSI STANCE EXPENSE. Anticipated costs for care attendants and auxiliary apparatus for disabled household members which enable a household member, including the disabled member, to work.

DISABLED PERSON. A person who is any of the following:

A person who has a disability as defined in section 223 of the Social Security Act.

A person who has a physical, mental, or emotional impairment that:
a. Is expected to be of long-cont inued and indefinite duration; b. Substantially impedes his or her ability to live independently; and c. Requires more suitable housing for independent living.

A person who has a developmental disability as defined in section 102(7) of the Developmental Disabilities Assistance and Bill of Rights Act (42 U.S.C. 6001(7).

DISABLED FAMILY. A family or household where t he head or spouse meet any of the above criteria for disabled person.

DISPLACED PERSON. A person or household displaced by governmental action or whose dwelling has been extensively damaged or destroyed as a result of a disaster declared or otherwise formally recognized under federal disaster relief laws.

DOMESTIC VIOLENCE. Encompasses felony or misdemeanor crimes committed by a current or former spouse or intimate partner. It includes physical abuse, sexual abuse, or DRAFT
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any pattern of coercive behaviors such as verbal, psychological, economic, or technological abuse, even if these behaviors are not criminal.

DRUG-RELATED CRIMINAL ACTIVITY. The illegal manufacture, sale, distribution, use, or the possession with intent to manufacture, sell distribute or use, of a controlled substance (as defined in Section 102 of the Controlled Substance Act (21 U.S.C. 802).

EARNED INCOME. Income or earnings from wages , tips, salaries, other employee compensation, and net income from self-emp loyment. Earned income does not include any pension or annuity, transfer payments (meaning payments made or income received in which no goods or services are being paid fo r, such as welfare, social security, and governmental subsidies for certain benefits), or any cash or in-kind benefits.

ECONOMIC ABUSE. In the context of domestic viol ence, dating violence, and abuse in later life, refers to controlling or manipulative behaviors that limit a person's access to or control over their economic resources. This includes actions such as:

1. Restricting access to money, asse ts, credit, or financial information.

2. Unfairly using someone else's financial resources for personal gain.

3. Exerting undue influence ov er financial decisions, such as forcing defaults on financial obligations or exploiting legal powers li ke powers of attorney, guardianship, or conservatorship.

ELDERLY FAMILY. A family or household whose head or spouse or whose sole member is at least 62 years of age; may include two or more elderly persons living together or one or more such persons living with another person who is determined to be essential to his/her care and well-being.

EVIDENCE. Evidence of citizenship or eligible immigration status means the documents which must be submitted to evidence citizenship or eligible immigration status.

EXCEPTED UNITS OR HOUSING EXEMPTION. Units in a multifamily building that are specifically made available for qualifying fam ilies who are elderly, disabled, or a family receiving supportive services.

EXCEPTION PAYMENT STANDARD. As a reasonable accommodation, a PHA may approve a payment standard amount up to 120 percent of the published fair market rent (FMR) if its payment standards are set below 110 percent of the FMR. Such higher payment standards must be requested by the family and subsequently approved, as necessary, by the PHA after a family with a disabled person or an individual person with disabilities locates a unit. An exception payment standard exceeding 120 percent of the FMR will require HUD approval.

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EXCESS MEDICAL EXPENSES. Any medical expenses incurred by elderly or disabled households in excess of 3% of Annual Income which are not reimbursable from any other source.

FAIR MARKET RENT. The rent including the cost of utilities (except telephone) that would be required to be paid in the housing market area to obtain privately owned existing decent, safe and sanitary rental housing of a modest, non-luxury nature with suitable amenities. Fair market rents for existing housing are established by HUD according to bedroom size.

FAMILY. A person or group of per sons, regardless of actual or perceived sexual orientation, gender identity or marital status, as defined in 24 CFR 5.403. Family does not include live-in aides or foster children/ adults. Family size is used to calculate subsidies and payments.

FAMILY COMPOSITION. A family may be as single person, or a group of persons as defined in 24 CFR 982.201(c).

FAMILY OBLIGATIONS. Specific requirements that the participant must meet in order to remain eligible for the Section 8 Progr am as described in 24 CFR 982.551. These obligations include providing complete and tr uthful information and abiding by the lease and the lease addendum. The Family Obligations are clearly stated on the Voucher.

FAMILY SELF-SUFFICIENCY PROGRAM (FSS). The component of the Section 8 Program where the participants enter into a Contract of Participation whereby, they agree to meet certain goals to become financially self-sufficient.

FEDERAL PREFERENCE. A preference under federal la w for admission of applicant families that are any of the following:
a. Involuntarily displaced; or
b. Living in substandard housin g (including the homeless); or c. Paying more than 50 percent of household income for rent.

FOSTER ADULT. A member of the household who is 18 years of age or older and meets the definition of a foster adult under State law. In general, a foster adult is a person who is 18 years of age or older, is unable to live independently due to a debilitating physical or mental condition and is placed with the family by an authorized placement agency or by judgment, decree, or other order of any court of competent jurisdiction.

FOSTER CHILD. A member of the househol d who meets the definiti on of a foster child under State law. In general, a foster child is placed with the family by an authorized placement agency ( e.g., public child welfare agency) or by judgment, decree, or other order of any court of competent jurisdiction

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FOSTER CHILD CARE PAYMENT. Payment to eligible househ olds by State, local, or private agencies appointed by t he State, to administer payment s for the care of foster children.

FULL-TIME STUDENT. A person who is carrying a subject load that is considered full- time for day students under the standards and pr actices of the educat ional institution attended. An educational institution includes a vocational school as well as an institution offering a college degree. A person pursuing full-time vocational training is considered a full-time student.

GROSS ANNUAL INCOME. The anticipated total Annual Income of an eligible applicant family and participant household from all sources for the 12-month period following the date of determination of income.

GROSS RENT. The sum of the rent charged and the utility allowance.

HEAD OF HOUSEHOLD. The head of household is the person who assumes legal and financial responsibility for the household and is listed on the application as head.

HEALTH AND MEDICA L CARE EXPENSES. Health and medical care expenses are any costs incurred in the diagnosis, cure, mitigation, treatment, or prevention of disease or payments for treatments affe cting any structure or func tion of the body. Health and medical care expenses include medical insurance premiums and long-term care premiums that ar e paid or anticipated during the period for which annual income is computed.

HOMELESS. As defined under SEC. 103. [42 USC 11302], the term “homeless”, means— (1) an individual or family who la cks a fixed, regular, and adequate nighttime residence; (2) an individual or family with a primary nighttime residence that is a public or private place not designed for or ordinarily used as a regular sleeping accommodation for human beings, including a car, park, abandoned building, bus or train station, airport, or camping ground. These households must be determined and referred to the Section 8 Program by qualified service providers.

HOUSEHOLD. The assisted family and the PHA-approved members who live in the unit including foster children/adults and live-in aides. Household members are used to determine unit size.

HOUSING ASSISTANCE PAYMENT. The monthly Section 8 payment paid directly to the landlord from the Housing Authority.

HOUSING ASSISTANCE PAYMENTS CONTRACT. A written contract between the Housing Authority and an owner in the form prescribed by HUD headquarters, in which the Housing Authority agrees to make monthly housing assistance payments to the owner on behalf of a Program participant.

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HOUSING QUALITY STANDARDS (HQS). The HUD minimum quality standards for housing assisted under the section 8 Program.

HUD. The United States Department of Housing and Urban Development.

HUD REQUIREMENTS. The federal requirements for the Section 8 Program which are issued by HUD headquarters in Washington D.C. and are published in the Code of Federal Regulations, the Federal Register , HUD notices or other binding program directives.

IMPUTED INTEREST INCOME. When an asset does not have an established interest rate, the savings account passbook interest is applied to impute the annual earnings of the asset. This calculation is used when assets exceed $5,000.

INCOME. The amount of money coming into the applicant family or participant household from all sources for each member.

INDEPENDENT CONTRACTOR. An individual who qualif ies as an independent contractor instead of an employee in accordance with the Internal Revenue Code Federal income tax requirements and whose earnings are consequently subject to the Self- Employment Tax. In general, an individual is an independent c ontractor if the payer has the right to control or direct only the result of the work and not what will be done and how it will be done.

INFORMAL HEARING. The appeal procedure for Section 8 participants who have their assistance terminated. The Informal Hearing is conducted by an outside hearing officer from the Los Angeles County Bar Dispute Resolution Board.

INFORMAL REVIEW. The appeal procedure for applicants who are denied participation in the Section 8 Program due to ineligibility or failure to cooperate. The Informal Review is conducted by the Housing Authority Manager or his/her designee.

INITIAL HOUSING AUTHORITY. In portability, the term refers to the Housing Authority that issues the Voucher that is used by the participant exercising portability.

INS. The United States Immigration and Naturalization Service.

INVOLUNTARILY DISPLACED PERSON. Households are considered involuntarily displaced when they must move out of thei r units due to circumstances beyond their control.

The specific causes are listed in 24 CFR 5.420 and include:

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b. Federal, State or local government ac tion related to code enforcement, public improvement or development;
c. Actions by the landlord, except rent increases, which are beyond the applicant’s control;
d. Actual or threat ened physical violence;
e. Participation in the Witness Protection Program;
f. Hate crimes;
g. Non-suitability of unit due to disability;
h. HUD disposition of a multi-family pr oject under Section 203 of the Housing and Community Development Amendments of 1978.

JURISDICTION. The area in which the Housing Authority has authority under State and local law to administer the program.

LANDLORD. This term refers to either the owner of the property or his/her representative or the managing agent or his/her representative, as designated by the owner.

LEASE. A written agreement between an owner and a tenant for the rental of a dwelling unit to the tenant. The lease establishes the conditions for occupancy of the dwelling unit by the tenant.

LEASE ADDENDUM. This is a document written by HUD which specifies certain Section 8 Program requirements.

LIVE-IN AIDE. A person who resides with an elderly or disabled person and who:
a. Is determined to be essential to the care and well-being of the person. b. Is not obligated for t he support of the person.
c. Would not be living in the unit except to provide necessary supportive services.

LOCAL PREFERENCE. A preference used by the Housi ng Authority to select among applicant families without regard to their federal preference status.

LOW-INCOME FAMILY. A family or household whose annual income does not exceed 80 percent of the median income for the ar ea, as determined by HUD, with adjustments for household size.

MEDICAL EXPENSES. Those total medical expenses, including medical insurance premiums, that are anticipat ed during the period for which annual income is computed, and that are not covered by insurance. A deduction for elderly households only. These allowances are given when calculating adjusted income for medical expenses in excess of 3% of annual income.

MINOR. A member of the household (excluding fo ster children) other than the head of household or spouse who is under 18 years of age.

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MIXED FAMILY. A family or household with citizens and eligible immigration status and without citizens and eligible immigration status as defined in 24 CFR 5.504(b)(3).

MONTHLY ADJUSTED INCOME. One-twelfth of annual income minus allowances.

MONTHLY GROSS INCOME. One-twelfth of the gross annual income.

NATIONAL. A person who owes permanent allegiance to the United States, for example, as a result of birth in a United States territory or possession.

NET FAMILY ASSETS . The net cash value of all a ssets owned by the family, after deducting reasonable costs that would be incurred in disposi ng real property, savings, stocks, bonds, and other forms of capital investment.

NON-CITIZEN. A person who is neither a citizen nor a national of the United States.

OCCUPANCY STANDARDS. Standards established by t he Housing Authority to determine the appropriate number of bedrooms for households of different sizes and compositions.

OWNER. Any persons or ent ity having the legal right to lease or sublease a unit to a participant.

PARTICIPANT. A household that has been admitt ed to the Section 8 Program. The applicant becomes a participa nt on the effective date of the Housing Assistance Payments contract.

PASSBOOK RATE. A HUD established minimum interest rate used to calculate income from a household’s savings or assets.

PAYMENT STANDARD. The maximum subsidy payment according to bedroom size shown on the Voucher.

PEER-TO-PEER. A payment application (e.g., Apple Pay, Venmo, Cash App, Pay Pal, Zelle, etc.) can receive funds from anyone, including employers and buyers of goods. The Peer-to-Peer payment app can be used to receive income or hold assets (money).

PERMANENT SUPPORTIVE HOUSING (FORMERLY SHELTER PLUS CARE). Is designed to provide housing an d supportive services on a long-term basis for persons who meet the definition of homelessness as defined under 24 CFR 91.5, and are provided access to support services needed in order to remain housed.

PERSONS WITH DISABILITIES. Individuals with any conditi on or characteristic that renders a person an individual with a disability as defined in 24 CFR 8.2.

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PERSONALLY IDENTIFIABLE INFORMATION (PII). Information which can be used to distinguish or trace an individu al’s identity, such as their name, social security number, biometric records, etc. alone, or when combined with other personal or identifying information which is linked or linkable to a specific individual, such as date and place of birth, mother’s maiden name, etc.

PORTABILITY. Renting a dwelling unit with Section 8 tenant-based assistance outside the jurisdiction of the Housing Authority that issued the Voucher.

PROJECT BASED VOUCHERS (PBV). A component of a public housing agency’s Housing Choice Voucher progr am. The PHA uses its t enant-based voucher funding to allocate project-based units to a project.

REASONABLE RENT. A rent to owner that is not more than rent charged for comparable units in the private unassisted market and for comparable unassisted units in the same building.

RECEIVING HOUSING AUTHORITY. In portability, the Housing Authority that accepts a Voucher that was issued by another Housing Authority.

RECERTIFICATION. The annual process of securing documentation of total household income used to determine the tenant portion of the rent for the next 12 months.

REMAINING MEMBER OF TENANT HOUSEHOLD. Person left in assisted housing after all of the other household members have vacated the unit.

SEASONAL WORKER . An individual who is hired into a short-term position and the employment begins about the same time each year (such as summer or winter). Typically, the individual is hired to address seasonal demands that arise for the particular employer or industry.

SENSITIVE PERSONALLY IDENTIFI ABLE INFORMATION (SPII). Personally Identifiable Information (PII) that when lost, compromised or disclosed without authorization could substantiall y harm an individual. Examples of sensitive PII include social security or driver’s license numbers, medical records, and financial account number such as credit or debit card numbers.

SERVICE PERSON. A person in the active military or naval service (including the active reserve) of the United States.

SINGLE PERSON. A person living alone or intending to live alone.

SPECIAL ADMISSION. Admission of an applicant that is not on the Section 8 waiting list or without considering the applicant’s waiting list position.

DRAFT
ATTACHMENT 2 - 173
390

Glossary Page - 10
February 2026

SPECIAL HOUSING TYPES. See Subpart M of 24 CFR 982, which states the special regulatory requirements for Single Room Occupancy housing, congregate housing, group homes, shared housing, cooperatives (incl uding mutual housing), and manufactured homes (including manufactured home space rental).

SPECIAL PURPOSE VOUCHER. A specific type of HCV pr ogram administered by the BHA that provides rental assistance resour ces to specific populations to support the community’s plan to end homelessness.

SPOUSE. The husband or wife of the head of the household.

SUBSIDY STANDARDS. Standards established by the Housing Authority to determine the appropriate number of bedrooms and amount of subsidy for families of different sizes and compositions.

SUBSTANDARD HOUSING. Unpermitted structures as designated by a government official in the course and scope of their official duties such as a code enforcement officer or building inspector.

SUSPENSIONS. Stopping the clock on the term of a family's voucher, for such period as determined by the PHA, from the time when the family submits a request for PHA approval (RTA) to lease a unit, until the time when t he PHA approves or denies the request. This practice is also called “tolling”.

TECHNOLOGICAL ABUSE . Refers to harmful behaviors within domestic violence, sexual assault, dating violence, or stalking that involve the use of technology. This includes actions like threatening, controlli ng, harassing, exploiting, or monitoring someone through devices like computers, m obile phones, cameras, apps, or location tracking tools, with the intent to cause harm or exert power over the victim.

TENANT. The person or persons (other than a live- in-aide) who executes the lease as lessee of the dwelling unit.

TOTAL TENANT PAYMENT (TTP). The total amount the HUD rent formula requires the tenant to pay toward rent and utilities.

UNEARNED INCOME. Any annual income, as calculated under Chapter 5, that is not earned income.

UNIT. Residential space for the private use of a household.

UTILITIES. Utilities include water, electricity, gas , other heating, refrigeration, cooking fuels, trash collection and sewage services. Telephone service is not included as a utility.

DRAFT
ATTACHMENT 2 - 174
391

Glossary Page - 11
February 2026

VERY LOW-INCOME FAMILY. A family or household with an annual income below 50% of the median income for the area, as determined by HUD, with adjustments for household size.

VETERAN. A person who has served in the active military or naval service of the United States at any time and who shall have bee n discharged or releas ed there from under conditions other than dishonorable.

VETERAN FAMILY. A family or household of a vete ran or service person occurs in situations where:
a. The veteran or service person (a) is ei ther the head of household or is related to the head of the household; or (b) is deceased and was related to the head of the household, and was a household member at the time of death. b. The veteran or service person, unless dec eased, is living in the household or is only temporarily absent unless s/he was (a) formerly the head of the household and is permanently absent because of hospitalization, separation, or desertion, or is divorced; provided, the household contains one or more persons for whose support s/he is legally responsible and the spouse has not remarried; or (b) not the head of the household but is permanently hospitalized; provided, that s/he was a household member at the time of hospitalization.

VIOLENT CRIMINAL ACTIVITY. Any illegal criminal activity that has as one of its elements the use, attempted use, or threatened use of physical force against the person or property of another.

VOUCHER. The document issued to an eligible applicant/participant by the Housing Authority to show that the person is eligible for the Section 8 Program.

DRAFT
ATTACHMENT 2 - 175
392
ATTACHMENT 3 – 1

1 SECTION 8 ADMINISTRATIVE PLAN
PROPOSED 2026 UPDATES

Burbank Housing Authority (BHA) Proposed Updates

Chapter 2 – Eligibility for Admission

• Family Composition – page 2-1
Revised the definition of a single person.

Chapter 4 – Applicant Waiting List

• Risk of Rental Assistance Loss Preference – page 4-2
Added a new preference category : “This preference will be given to households participating in any Burbank Housing Authority Special Purpose Voucher program, who are at risk of losing rental assistance because of funding limitations, program changes, or shifts in eligibility requirements.”

• Burbank Residents – pages 4-3 to 4-4
Added preference points for new preference category: “Burbank Housing Authority Special Purpose Voucher households whose assistance is at risk of termination due to lack of program funding (50 points)”

Chapter 5 – Income, Assets and Allowances

• Income Exclusions – page 5-4
Revised “Loan proceeds, under the terms of a loan agreement, received by the family or a third party.”

Chapter 7- Subsidy Standards

• Changes In Household Subsidy – page 7-5
Revised “If the household size increases or decreases during the HAP contract term, the new family unit size may be used to determine the payment standard amount for the family immediately , but no later than the family's first regular reexamination following the change in family unit size.”

Chapter 8- Voucher Issuance and Briefing Sessions

• Briefing Sessions - pages 8-2 to 8-3
Revised section B. by adding #17-21, which describe documents contained in the briefing packet.

Added “The BHA will also provide information regarding the reasonable accommodation process at this time.”
393
ATTACHMENT 3 – 2

2 Chapter 9 – Request For Tenancy Approval And Contract Execution

• Rent Increases – page 9-5
Added “The Housing Authority will not approve a rent increase for a unit that is in failed HQS status or subject to abatement of Housing Assistance Payments.”

Chapter 10 – Housing Quality Standards And Inspections– pages 10-1 to 10-5

• Added sections E-J on requirements for Housing Quality Standards (HQS) compliance and associated procedures. In summary, o wners are required to maintain assisted units in full compliance with HQS at all times. Life- threatening deficiencies must be corrected within 24 hours, while non- life-threatening deficiencies must be resolved within 30 days or within an extended period approved by the BHA. Families are responsible for HQS violations attributable to their actions, including failure to pay utilities, maintain appliances, or uphold acceptable housekeeping standards. C ontinued noncompliance may lead to termination of assistance for breach of program obligations. A unit is deemed noncompliant when deficiencies are identified, the owner is notified in writing, and corrective action is not completed within the required tim eframe. Housing Assistance Payments (HAP) will be abated until the unit passes reinspection, which must occur within 60 days or an approved extension; no retroactive payments will be issued for the abatement period. If deficiencies remain unresolved after 60 days, the HAP contract will be terminated, and the family will be issued a voucher at least 30 days prior to termination. Families will be granted a minimum of 90 days to secure new housing, with extensions permitted in accordance with the Administrative Plan. Assistance may be terminated if the family fails to lease a unit within the approved search period

• National Standards For The Physical Inspection Of Real Estate (NSPIRE) – page 10-5
Added “ HUD is currently transitioning its HQS inspection requirements to the National Standards for the Physical Inspection of Real Estate (NSPIRE). The BHA shall comply with all NSPIRE requirements upon HUD’s formal implementation mandate. Until such time, the BHA shall continue to administer inspections in accordance with the pre- NSPIRE protocols set forth in this chapter. Program participants and property owners shall be provided advance notice prior to the effective date of BHA’s NSPIRE implementation.”

Chapter 11 – Denial or Termination of Assistance

• Grounds For Termination Of Assistance To Participants – page 11-4 Revised “The Burbank Housing Authority will not deny admission to or terminate assistance under the Section 8 Program for a tenant or an immediate family member if any members of the household are victims or threatened victims of 394
ATTACHMENT 3 – 3

3 domestic violence, dating violence, sexual assault, stalking, economic abuse, or technological abuse.”

Chapter 19 – Special Purpose Voucher Program

• FYI Eligibility – page 19-8
Revised “ Have left foster care or will leave foster care within 180 days, in accordance with a transition plan described in section 475(5)(H) of the Social Security Act.”

• Waiting List Administration – page 19-9
Revised “However, per federal regulation, the BHA may not apply any residence preference to FYI voucher applicants.

• Lease Up – pages 19-9 to 19-10
Added voucher issuance and expiration policies pertaining to Foster Youth to Independence (FYI) applicants.

Glossary
Added “ABATEMENT. The suspension of Housing Assistance Payments to the owner due to HQS noncompliance, until deficiencies are corrected and the unit passes inspection.”
395
ATTACHMENT 4 – 1

RESIDENT ADVISORY BOARD (RAB)

QUESTIONS AND ANSWERS
February 18, 2026

Q: A member of the public asked whether there will be future voucher issuance and whether the waiting list may open in the future.

A: Staff explained that future voucher issuance depends on federal funding, and current funding is not sufficient to pull applicants from the waiting list at this time.

Q: A member of the public asked whether Emergency Housing Vouchers (EHV) can be converted to regular Housing Choice Vouchers (HCV).

A: Staff explained that the Housing Authority is working on a plan/request, but it has not been approved by HUD. No announcement can be made until approval is received.

Q: A member of the public asked whether domestic violence victims and persons with disabilities have special consideration.

A: Staff referenced Violence Against Women Act (VAWA) protections and advised the member to speak with their caseworker for case-specific guidance.

Q: A member of the public asked how the public can help support continuation of voucher assistance.

A: Staff encouraged the public to attend the upcoming public hearing and to contact legislative representatives and HUD to share concerns.

Q: A member of the public asked what will happen to EHV participants if the program ends and whether there is a plan in place.

A: Staff explained that letters were sent to EHV participants advising that the program is expected to end and identifying available services. Staff also explained that the Housing Authority is working on a plan, but it is not yet approved.

Q: A member of the public asked whether EHV participants should apply to other Section 8 waiting lists in other jurisdictions.

A: Staff advised that members of the public may apply for voucher programs in other jurisdictions where there is an opening and they qualify.

Q: A member of the public asked about the likelihood of HUD approving EHV conversion to regular Housing Choice Vouchers.

A: Staff explained that they could not predict what HUD will approve and that the Housing Authority is waiting for HUD’s decision.

Q: A member of the public asked why the Burbank Housing Authority cannot use all vouchers allocated to the City.

A: Staff explained that local rental costs are high, which increases program expenses and limits how many vouchers can be funded with available funding. 396
ATTACHMENT 4 – 2
Q: A member of the public asked whether rent control or state law limits apply to Section 8 rent increases.

A: Staff explained that landlords must comply with applicable California law, including AB 1482 where applicable, and that allowable rent increases are subject to applicable legal limits.

Q: A member of the public asked, in a worst-case scenario, what the transition process would look like if EHV conversion is not approved.

A: Staff explained there is a plan, but details could not be shared at that time. Staff further explained that if conversion is approved, participants would complete an eligibility process, with the goal of a smooth transition. Staff also noted there is a temporary plan if conversion is not approved.

Q: A member of the public asked when any EHV transition process might take place if approved.

A: Staff stated the goal is for the process to occur before October.

Q: A member of the public asked whether a landlord must accept a participant if an EHV is converted to a HCV.

A: Staff advised that HCV participants are a protected class and landlords may not discriminate on that basis. Staff also explained that if a landlord does not renew tenancy, evictions would still require lawful just cause requirements.

Q: A member of the public asked whether landlords may be increasing rents because tenants have Section 8 assistance.

A: Staff explained that the Housing Authority could not speak to a landlord’s intent. Staff also explained that landlords may increase rents if they are in compliance with applicable laws and program requirements. Staff further explained that the rent increase requests are reviewed for compliance and rent reasonableness, and that landlords must provide supporting documentation, including comparable rents.

Q: A member of the public asked how the public is notified when the Section 8 waiting list opens.

A: Staff explained that waiting list opening information is posted publicly, including on the City website, in newspapers, and through social service agencies.

Q: A member of the public asked about payment standards and whether they vary by area.

A: Staff explained that payment standards vary by ZIP code and advised the member to contact their caseworker for specific information.

Q: A member of the public asked whether a participant with a one-bedroom voucher may rent a two-bedroom unit.

A: Staff advised that a participant may rent a two-bedroom unit with a one-bedroom voucher and to follow up with their caseworker for case-specific information. 397
ATTACHMENT 4 – 3
Q: A member of the public asked whether it is allowed for another tenant in the same building to pay lower rent.

A: Staff explained this may occur and may be justified by differences such as unit amenities, or renovations, if supported by documentation.

Q: A member of the public asked whether the Housing Authority has a list of available apartments/landlords.

A: Staff explained that the Housing Authority maintains a property listing for Section 8 participants, depending on landlord submissions, and that participants may request the listing from staff or their caseworker.

398
ZIP code Studio 1-BR 2-BR 3-BR 4-BR
91501 $1,955 $2,207 $2,799 $3,590 $3,960
91502 $1,955 $2,207 $2,799 $3,590 $3,960
91504 $1,955 $2,207 $2,799 $3,590 $3,960
91505 $2,259 $2,529 $3,150 $3,996 $4,446
91506 $1,955 $2,207 $2,799 $3,590 $3,960
SAFMR Payment Standard eff. 10/01/2025
ATTACHMENT 5 - 1
399

Correspondences

Please Note: If Additional
Documents/Correspondences are
submitted for this item, they will be
periodically posted to the City website
for public viewing.
400
Burbank Housing
Authority
Fiscal Year 2026-27
Annual Plan and Proposed
Administrative Plan
Updates
City Council
April 7, 2026

COMMUNITY

DEVELOPMENT
401
Why are we here?
11 • Update on the activities of the Burbank Housing
Authority (BHA)
• Present documents as required by the federal
Department of Housing and Urban Development
(HUD)
• Required for the continued receipt of federal funds
related to voucher programs
• Update on estimated funding and next steps
2 402
Mission of the Program
• Expand the supply of housing
• Maintain the quality of assisted housing
• Promote self-sufficiency of families and individuals
• Increase awareness of housing choices
BHA Mission: Working together for a safe, beautiful, and thriving community. 3 403 Section 8 Program Documents
• ADMINISTRATIVE PLAN
Policies and procedures for the implementation of the
Section 8 Program
• ANNUAL PLAN FOR FISCAL YEAR 2026-2027
Progress Report for the first year of the 2025-2030
Five-Year Plan
4 404
Administrative Plan Proposed Updates
• Applicant Waiting List
• Housing Quality Standard
Inspections
5 405
Foster Youth to Independence (FYI)
Vouchers
• Allocated five FYI vouchers in Fiscal Year
2025-2026
o All five vouchers have been issued; recipients
are actively searching for housing
o Voucher recipients are receiving housing
search support from regional service
providers
6 406
Special Purpose Voucher Updates and
Funding Outlook
• Emergency Housing Vouchers (EHV)
• Projected to sunset October 2026
• All EHV families will be placed on Section 8 waiting
list
• Permanent Supportive Housing Vouchers (PSH)
• Current grant term ends October 31, 2026
• Renewal status pending court proceeding that will
determine future funding availability
7 407
Annual Plan for Fiscal Year 2026-2027
• Provided Rent Subsidies to 838 Eligible Households
• Received allocation of five Foster Youth to
Independence Vouchers
• Continue to Educate Landlords / Program Participants
• Continue Administering Family Self Sufficiency (FSS)
Program
• Continue distributing information on Housing
opportunities and City and State related housing laws
• Continue Policy and Legislative Advocacy
8 408
Resident Advisory Board
• Resident Advisory Board (RAB)
o Current participants on the program
• Public Outreach Included:
o City’s website
o Published in the Burbank Leader
o Mailed 900 postcard invitations to program
participants
9 409
Funding and Next Steps
• Estimated $14 Million for Fiscal Year 2026-27 to fund 820 of 1,047 vouchers allocated
• Continue Monitoring Funding Availability to Assist
Additional Households
• Submit the Annual Plan to HUD by April 17, 2026
10410
Contact:

Odet Ayvazyan
Housing Development Manager
818-238-5160
[email protected]
11411
1 STAFF REPORT
DATE: April 7, 2026
TO: Honorable Mayor and Members of the City Council
FROM: Kimberley Clark, City Clerk
SUBJECT: Introduction of an Ordinance Amending and Restating Title 2, Chapter 1, Article 4 (Boards, Commissions, and Committees) of the Burbank Municipal Code

RECOMMENDATION
Introduce AN ORDINANCE OF THE COUNCIL OF THE CITY OF BURBANK AMENDING AND RESTATING TITLE 2 , CHAPTER 1 , ARTICLE 4 ( BOARDS,

COMMISSIONS, AND COMMITTEES) OF THE BURBANK MUNICIPAL CODE

RELATING TO COMPOSITION AND FUNCTIONS OF BOARDS, COMMISSIONS AND COMMITTEES (Attachment 1).

BACKGROUND
Council established Boards, Commissions, and Committees ( BCCs) to evaluate City programs, projects, and community issues. BCC members (Members) serve in an advisory capacity with limited decision -making authority. Each BCC may provide input and recommendations to the Council; however, none determine or establish City policy or administrative direction except Planning Commission, which conducts public hearings, makes decisions on applications for discretionary projects such as Conditional Use Permits and Variances, and considers appeals of decisions by the Community Development Director on certain project applications.

At the February 4, 2025, City Council Meeting, Council was presented with a first -step report on the composition of the City’s BCCs and the BCC attendance policy, at Council Member Mullins’ request . During th e meeting, Council provided direction to staff on changes to the composition, requirements, attendance, and terms of the City’s 23 BCCs.

CITY CLERK’S
OFFICE
Reports to Council
Item #1
412
2 On July 29, 2025, an Ordinance was introduced and Council discussed changing the Member composition to be more consistent ac ross all BCCs. Council voted to introduce the Ordinance with language to improve the consistency of Member composition, reducing the following six BCCs from seven to five members:
• Senior Citizen Board
• Burbank Water and Power Board
• Infrastructure Oversight Board
• Police Commission
• Board of Library Trustees
• Transportation Commission
On August 26, 2025, Council adopted Ordinance No. 25- 4,032 with changes to the requirements, attendance, and terms of the City’s 23 BCCs. During discussion, Council chose to postpone implementation of the membership reduction and directed staff to return within six months with a report to reconsider member composition.

DISCUSSION
Vacancies and absences continue to be an issue for the City’s BCCs. Since the new term commenced on August 1, 2025, there have been 61 absences, 13 second- absence warnings issued, and 8 unscheduled vacancies . The City Clerk’s Office is currently preparing a Staff Report for Council to consider one BCC Member’s third absence.

Attendance Summary (8/1/25 – 3/25/26)
Total Number of Absences 61
Second Absence Warnings 13
Third Absence Staff Reports 1
Unscheduled Vacancies 8
A comparison of BCCs comprised of five members and those comprised of seven or more members indicates a considerably higher level of absenteeism among the larger BCCs:

Absences for BCCs with Five Members (8/1/25 – 3/25/26)
BCC Name Absences
Art in Public Places Committee 6
Board of Building and Fire Code Appeals 1
Burbank Housing Corporation 0
Civil Service Board 4
Heritage Commission 2
Landlord-Tenant Commission 2
Park, Recreation, and Community Services Board 1
Planning Commission 5
TOTAL 21
413
3 Absences for BCCs with Seven or More Members (8/1/25 – 3/25/26) BCC Name Absences
Board of Library Trustees (7) 4
Burbank Cultural Arts Commission (9) 9
Burbank Water and Power Board (7) 4
Community Development Block Grant (7) 3
Infrastructure Oversight Board (7) 2
Police Commission (7) 1
Senior Citizen Board (7) 7
Sustainable Burbank Commission (9) 6
Transportation Commission (7) 4
TOTAL 40
C
onsistent Board Member Composition
Staff recommends that to achieve Council’s direction with regard to Member composition, a consideration be made to reduce the following three BCCs from seven to five members to bring their membership in line with other BCCs1:
• S
enior Citizen Board
• Board of Library Trustees
• Transportation Commission
A
t a later date, Staff will return to Council to consider the Member composition of the other three seven-member BCCs:
• B
urbank Water and Power Board
• Infrastructure Oversight Board
• Police Commission
If appr
oved, these membership composition changes will be implemented in the 2026 recruitment cycle with the commencement of incoming members’ terms on August 1, 2026. Alternatively, Council may wish to implement these changes during the 2027 recruitment cycle with the commencement of incoming members’ terms on August 1, 2027, to allow the community time to adjust to the changes. No currently serving Members will be removed from any BCC. During the annual recruitment ( July 2026 or July 2027), members would have the opportunity to reapply under the newly established member composition guidelines. Any unscheduled vacancies created by members who leave their position during the year would remain vacant and be eliminated through attrition. 1 The following are each comprised of five members: Art in Public Places Committee; Board of Building and Fire Code Appeals ; Charter Review Committee; Civil Service Board ; Heritage Commission; Landlord- Tenant Commission; Park, Recreation, and Community Services Board; and Planning Commission. 414
4 Administrative Changes to Youth Board
The existing Ordinance indicates that Youth Board members assume their term of office on September 1 (BMC § 2-2-416), but schools typically do not select members to serve until September. The City Clerk’s Office recommends deleting the date of September 1 and replacing it with the following text : “The term of office for each Board member shall commence on the first Wednesday in November and continue for the school year in which they were appointed.”
T
he Parks and Recreation Department has also requested language confirming that all members have voting rights, clarifying the recruitment process for at-large members, and removing the reference to a “Youth Board brochure.”
A
dministrative Changes to Senior Citizen Board
The existing Ordinance indicates that a Council-appointed E valuation Committee will interview applicants to the Senior Citizen Board (BMC § 2-1- 415). As this practice is not being implemented, the City Clerk’s Office recommends removing this reference.

Fut
ure BCC Updates
Proposed changes do not include consolidation of the Art in Public Places Committee with the Burbank Cultural Arts Commission, consideration of changing the name of the Landlord-Tenant Commission, or clarification on how Special Meetings may be called.

These items will be brought to Council separately by the relevant department.

VIRONMENTAL REVIEW
This activity involves internal administrative reorganization and has no potential for resulting in either a direct physical change in the environment or a reasonably foreseeable indirect physical change in the environment. As such, it is not a “project” subject to the requirements of the California Environmental Quality Act (CEQA) Guidelines (14 Cal.

Code Regs § 15378).

ISCAL IMPACT
Funding for updates to the Burbank Municipal Code is provided by the City Clerk’s Office and changes will be implemented by the City’s vendor, General Code. The City’s BCCs require support and resources, and the proposed changes should decrease the staff time required to manage them.

NCLUSION
Staff recommends that to achieve Council’s direction with regard to Member composition, a consideration be made to reduce these seven-member BCCs to five members to bring their membership in line with other BCCs . Proposed amendments will establish more consistent member co mposition and update administrative language with regard to the City’s BCCs.
415
5 ATTACHMENTS
Attachment 1 – BCC Ordinance
Attachment 2 – Redlined BCC Ordinance
416
ATTACHMENT 1
1 ORDINANCE NO.________

AN ORDINANCE OF THE COUNCIL OF THE CITY OF
BURBANK AMENDING TITLE 2, CHAPTER 1, ARTICLE 4
(BOARDS, COMMISSIONS, AND COMMITTEES) OF THE

BURBANK MUNICIPAL CODE RELATING TO

COMPOSITION AND FUNCTIONS OF BOARDS,

COMMISSIONS AND COMMITTEES

City Attorney’s Synopsis

This Ordinance amends certain provisions of the Burbank Municipal Code relating to Boards, Commissions, and Committees including modifying the member composition of certain Boards and Commissions and administrative changes to Youth Board and Senior Citizen Board.

THE COUNCIL OF THE CITY OF BURBANK FINDS:

A. At the February 4, 2025, City Council meeting , Council considered proposed changes to the City ’s Boards, Commissions, and C ommittees (BCCs) and provided direction to staff to enact changes to composition, policies, and member requirements.

B. At the July 29, 2025, City Council meeting, Council introduced an ordinance with language that amended certain BCC member composition to be more consistent.

C. On August 26, 2025, Council adopted Ordinance No. 25- 4,032 with membership amendments postponed and directed staff to return with a report to reconsider member composition.

D. This Ordinance effectuates membership changes to Burbank BCCs and provides additional administrative clean-up to better reflect current practices.

THE COUNCIL OF THE CITY OF BURBANK DOES ORDAIN AS FOLLOWS:

1. Section 2-1-409 of the Burbank Municipal Code is hereby amended and restated as follows:

“2-1-409: BOARD OF LIBRARY TRUSTEES:

A. Composition of Board: The Board of Library Trustees shall consist of five (5) members.

B. Liaison with Council: The Mayor shall designate a member of the Council to meet with the Board of Library Trustees but such Council member shall not be a member of the board.

417
ATTACHMENT 1
2 C. Powers and Duties of the Board: The Board of Library Trustees shall have the following powers and duties:

1. To initiate studies, investigations and surveys in the general field of public libraries and report its findings and recommendations to the Council.

2. To prepare and recommend, for adoption by the Council, rules and regulations for the maintenance and improvement of the public libraries of the City.

3. To recommend to the Council the acquisition of library sites by the City.

4. To act in an advisory capacity to the Council in all matters pertaining to the public libraries of the City.”

2. Section 2-1-415 of the Burbank Municipal Code is hereby amended and restated as follows:

“2-1-415: SENIOR CITIZEN BOARD:

A. Establishment and Composition of Board: There is hereby created a Senior Citizen Board consisting of five (5) members, all of whom shall be senior citizens.

B. Liaison with Council: The Mayor shall designate a member of the Council to meet with the Senior Citizen Board for liaison purposes only.

C. Liaison with City Manager: The City Manager shall designate a representative to serve as administration liaison with the Board. They shall serve as a resource person at all Board meetings, arrange for any necessary contacts between the Board and City departments, facilitate administrative action on Board requests, and keep the City Manager informed of Board proceedings; provided, however, that the Board shall obtain Council approval before requesting administrative assistance requiring any significant amount of research.

D. Applicants: Senior citizens who wish to be considered for appointment to the Senior Citizen Board may apply by filing an application with the City Clerk’s Office online or in person.

E. Powers and Duties: The Senior Citizen Board shall have the following powers and duties:

1. To engage in consultation and study with local groups on the needs of the aged and evaluate all available resources.

2. To collect and study factual information relative to all aspects of aging.

418
ATTACHMENT 1
3 3. To serve as a liaison between local organizations and governmental agencies which work with the aged and have an interest in aging adults.

4. To advise in community planning regarding the expansion of existing facilities and development of new facility services, as required.

5. To become aware of problems as they arise and recommend plans for action.

6. To inform local and state organizations of the needs and resources of older people.

7. To serve as a medium through which organizations may exchange information, coordinate programs and engage in joint endeavors.

8. To become familiar with developments in other communities on County, State and Federal programs.

F. Reports: The Chair of the Board shall provide the Council with minutes of the Board meetings and copies of studies and resolutions to be considered by the Board.”

3. Section 2-1-416 of the Burbank Municipal Code is hereby amended and restated as follows:

“2-1-416: YOUTH BOARD:

A. Establishment and Composition of Board: There is hereby created a Youth Board consisting of fifteen (15) members, eleven (11) of whom shall be selected as follows:
one from Burbank High School, one from John Burroughs High School, one from Providence High School, one from Monterey High School, one from Luther Burbank Middle School, one from Dolores Huerta Middle School, one from John Muir Middle School, one from St. Finbar Parish School, one from St. Francis Xavier School, and one from St. Robert Bellarmine School, and one from Lycée International de Los Angeles. The middle school representatives shall be a member of either the seventh or eighth grade class. Four (4) at -large members shall be appointed by a three- fifths (3/5) vote of all Council members. Should any designated school fail to submit a student representative for the Board, the vacant seat may be filled with an additional at-large member. No member shall be over twenty (20) years of age at the time of appointment to the Youth Board. All members are voting members.

B. Liaison with Council: The Mayor shall designate a member of the Council to meet with the Youth Board for liaison purposes only.

C. Liaison with City Manager: The City Manager shall designate a representative to serve as administration liaison with the Board. They shall serve as a resource person at all Board meetings, arrange for any necessary contacts between the Board and City departments, facilitate administrative action on Board requests, and keep the City Manager informed of Board proceedings; provided, however, that the Board shall 419
ATTACHMENT 1
4 obtain Council approval before requesting administrative assistance requiring any significant amount of research.

E. Term of Office: The term of office for each Board member shall commence on the first Wednesday in November and continue for the school year in which they were appointed.

F. Powers and Duties: The Youth Board shall have the following powers and duties:

1. To represent the interests of local youth in community affairs.

2. To represent the City in matters of interest to youth in the community.

3. To assist in helping other youth in the community to understand and appreciate local government.

4. To obtain interpretations for local youth on City ordinances, rules and regulations which affect them.

5. To encourage local youth to actively participate in community affairs and matters of concern to the City.

6. To conduct studies and investigations in the general field of youth and community interest and to communicate its findings and recommendations to the Council.

7. To encourage coordination of effort among community institutions and organizations that focus on youth problems and needs.

8. To advise and assist the Park and Recreation Board on issues affecting the youth in the community.

4. Section 2-1-419 of the Burbank Municipal Code is hereby amended and restated as follows:

“2-1-419: TRANSPORTATION COMMISSION:

420
ATTACHMENT 1
5 A. Establishment and Composition of the Commission: There is hereby created a Transportation Commission consisting of five (5) members. The Council shall give consideration to appointing persons affiliated with the following groups: small businesses, large businesses, transportation technology research and development organizations, homeowners, the Burbank -Glendale-Pasadena Airport Authority, transportation management organizations or associations, and other special needs groups such as senior citizens, persons with disabilities and bicyclists.

B. Secretary of the Commission: The Community Development Director shall serve as Secretary to the Commission. The Secretary to the Commission shall not be a member of the Commission or vote on any matters coming before it, but such Secretary may be present during the Commission’s deliberations and may participate in all debates and discussions.

C. Powers and Duties of the Commission: The Transportation Commission shall have the following powers and duties:

1. To make recommendations to the City Council on transportation planning issues including, but not limited to, the transportation element of the General Plan and its components.

2. To make recommendations on the expenditure of Proposition A funds, Proposition C funds, air quality funds and bonds, fees, loans and grants for the purpose of funding transportation improvements.

3. To make recommendations on transportation plans, policies and programs, including, but not limited to, pedestrian orientation, telecommuting, intermodal transportation centers, new technologies, traffic programs and parking.

4. To perform such advisory functions as are delegated to it by the provisions of this code or other action of the Council.

D. Meetings: The Transportation Commission shall hold a regular meeting at least once a month at a time and place to be designated by the Commission. Special meetings may be called by the chair or a majority of the Commission. When the time for any regular meeting of the Commission falls on a holiday, such meeting may be held at the discretion of the Commission or chair thereof at the same hour of the next succeeding day not a holiday or a regular meeting day of the Council or any other board or commission established pursuant to this division.

E. Quorum: A majority of the members of the Commission shall constitute a quorum for the transaction of business.”

5. All other sections of Title 2, Section 1, Article 4, not amended by this Ordinance, shall remain in full force and effect.

421
ATTACHMENT 1
6 6. If any provision of this Ordinance or its application is held invalid by a court of competent jurisdiction, such invalidity shall not affect other provisions, sections, or applications of the Ordinance which can be given effect without the invalid provision or application, and to this end each phrase, section, sentence, or word is declared to be severable.

7. The City Manager, City Clerk, or their designee, is authorized to execute any action necessary to codify this Ordinance into the Burbank Municipal Code.

8. The City Clerk will certify to the passage of this Ordinance and cause the City Attorney Synopsis of this Ordinance to be published once in a newspaper of general circulation within 14 days of adoption, that is published and circulated in the City of Burbank, California, or as required by applicable law.

PASSED AND ADOPTED this ____ day of ________, 2026.

__________________________
Tamala Takahashi
Mayor

Attest Approved as to Form
Office of the City Attorney

_____________________________ By: _______________________ Kimberley Clark, City Clerk Jill Vander Borght Chief Assistant City Attorney

422
ATTACHMENT 1
7 STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.

CITY OF BURBANK )

I, Kimberley Clark, City Clerk of the City of Burbank, do hereby certify that the foregoing Ordinance No. __________ was duly and regularly passed and adopted by the Council of the City of Burbank at its regular meeting held on the ____ day of ______, 2025, by the following vote:

AYES:

NOES:

ABSENT:

I further certify that said Synopsis was published as required by law in a newspaper of general circulation in the City of Burbank, California within 14 days following its ___, 2026 adoption.

_____________________________
Kimberley Clark, City Clerk
423
ATTACHMENT 2
1 ORDINANCE NO.________

AN ORDINANCE OF THE COUNCIL OF THE CITY OF
BURBANK AMENDING TITLE 2, CHAPTER 1, ARTICLE 4
(BOARDS, COMMISSIONS, AND COMMITTEES) OF THE

BURBANK MUNICIPAL CO DE RELATING TO

COMPOSITION AND FUNCTIONS OF BOARDS,

COMMISSIONS AND COMMITTEES

City Attorney’s Synopsis

This Ordinance amends certain provisi ons of the Burbank Municipal Code relating to Boards, Commissions, and Committees incl uding modifying the member composition of certain Boards and Commissions and adm inistrative changes to Youth Board and Senior Citizen Board.

THE COUNCIL OF THE CITY OF BURBANK FINDS:

A. At the February 4, 2025, City C ouncil meeting, C ouncil considered proposed changes to the City’s Boards, Commissions, and Committees (BCCs) and provided direction to staff to enact changes to composition, policies, and member requirements.

B. At the July 29, 2025, City Council meeting, Council introduced an ordinance with language that amended certain BCC member composition to be more consistent.

C. On August 26, 2025, Council adopted Ordinance No. 25-4,032 with membership amendments postponed and directed staff to return with a report to reconsider member composition.

D. This Ordinance effectuates member ship changes to Burbank BCCs and provides additional administrative clean-up to better reflect current practices.

THE COUNCIL OF THE CITY OF BURBANK DOES ORDAIN AS FOLLOWS:

1. Section 2-1-409 of the Burbank Municipal Code is hereby amended and restated as follows:

“2-1-409: BOARD OF LIBRARY TRUSTEES:

A. Composition of Board: The Board of Library Trustees shall consist of seven five (57) members.

B. Liaison with Council: The Mayor shall designate a member of the Council to meet with the Board of Library Trustees but such Council member shall not be a member of the board.
424
ATTACHMENT 2
2 C. Powers and Duties of the Board: The Board of Library Trustees shall have the following powers and duties:

1. To initiate studies, invest igations and surveys in the general field of public libraries and report its findings and recommendations to the Council.

2. To prepare and recommend, for adoption by the Council, rules and regulations for the maintenance and improvement of the public libraries of the City.

3. To recommend to the Council the acqui sition of library sites by the City.

4. To act in an advisory capacity to the Counc il in all matters pertaining to the public libraries of the City.”

2. Section 2-1-415 of the Burbank M unicipal Code is hereby amended and restated as follows:

“2-1-415: SENIOR CITIZEN BOARD:

A. Establishment and Composit ion of Board: There is her eby created a Senior Citizen Board consisting of seven five (57) members, all of whom shall be senior citizens.

B. Liaison with Council: The Mayor shall designate a member of the Council to meet with the Senior Citizen Board for liaison purposes only.

C. Liaison with City Manager: The City Manager shall designate a representative to serve as administration liaison with the Board. They shall serve as a resource person at all Board meetings, arrange for any necessa ry contacts between the Board and City departments, facilitate admin istrative action on Board requests, and keep the City Manager informed of Board proceedings; pr ovided, however, that the Board shall obtain Council approval before requesting adm inistrative assistance requiring any significant amount of research.

D. Applicants: Senior citizens who wish to be considered for appointment to the Senior Citizen Board may apply by fili ng an application with the City Clerk’s Office online or in person.

E. Evaluation Committee: An Evaluati on Committee appointed by the Council and consisting of senior or interested citizens familiar with the senior citizen population and its concerns shall interview the applicants and report its findings and recommendations to the Mayor with copies for each member of the Council.

F.E. Powers and Duties: The Senior Citizen Board shall have the following powers and duties:

425
ATTACHMENT 2
3 1. To engage in consultation and study with local groups on the needs of the aged and evaluate all available resources.

2. To collect and study factual informati on relative to all aspects of aging.

3. To serve as a liaison between local organizations and gov ernmental agencies which work with the aged and have an interest in aging adults.

4. To advise in community planning regardi ng the expansion of existing facilities and development of new facility services, as required.

5. To become aware of problems as t hey arise and recommend plans for action.

6. To inform local and state organizations of the needs and resources of older people.

7. To serve as a medium through whic h organizations may exchange information, coordinate programs and engage in joint endeavors.

8. To become familiar with developments in other communities on County, State and Federal programs.

G.F. Reports: The Chair of the Board shall provide the Council with minutes of the Board meetings and copies of studies and resolutions to be considered by the Board.”

3. Section 2-1-416 of the Burbank M unicipal Code is hereby amended and restated as follows:

“2-1-416: YOUTH BOARD:

A. Establishment and Composition of Board: There is hereby created a Youth Board consisting of fifteen (15) members, eleven (11) of whom shall be selected as follows:
one from Burbank High Schoo l, one from John Burroughs High School, one from Providence High School, one from Monterey High School, one from Luther Burbank Middle School, one from Dolores Huerta Mi ddle School, one from John Muir Middle School, one from St. Finbar Pa rish School, one from St. Francis Xavier School, and one from St. Robert Bellarmine School, and one from Lycée International de Los Angeles. The middle school representatives shall be a member of either the seventh or eighth grade class. Four (4) at-large members shall be appointed by a three-fifths (3/5) vote of all Council members. S hould any designated school fail to submit a student representative for the Board, the vacant seat may be filled with an additional at-large member. No member shall be over twenty (20) years of age at the time of appointment to the Youth Board. All members are voting members.

B. Liaison with Council: The Mayor shall designate a member of the Council to meet with the Youth Board for liaison purposes only.

426
ATTACHMENT 2
4 C. Liaison with City Manager: The City Manager shall designate a representative to serve as administration liaison with the Board. They shall serve as a resource person at all Board meetings, arrange for any necessa ry contacts between the Board and City departments, facilitate admin istrative action on Board requests, and keep the City Manager informed of Board proceedings; pr ovided, however, that the Board shall obtain Council approval before requesting adm inistrative assistance requiring any significant amount of research.

D. School Members: Each high school and middle school member may be selected based on interest and qualifications for Youth Board by the school’s administration. At- large members will go through a recrui tment process and will be recommended to Council by staff. All candidates must sign a statement that they have read the Youth Board brochure and fully under stand the function of the Board and their duties and responsibilities as Board members

E. Term of Office: The term of office for each Board member shall commence on the first Wednesday in November and continue for th e school year in which they were appointed. be one (1) year commencing on September 1.

F. Powers and Duties: The Youth Board s hall have the following powers and duties:

1. To represent the interests of local youth in community affairs.

2. To represent the City in matters of interest to youth in the community.

3. To assist in helping ot her youth in the community to understand and appreciate local government.

4. To obtain interpretations for local yout h on City ordinances, rules and regulations which affect them.

5. To encourage local youth to actively par ticipate in community affairs and matters of concern to the City.

6. To conduct studies and investigations in the general field of youth and community interest and to communicate its findings and recommendations to the Council.

7. To encourage coordination of effort among community institutions and organizations that focus on youth problems and needs.

8. To advise and assist the Park and Recreat ion Board on issues affecting the youth in the community.

G. Reports: The chair of the Youth Board shall provide the Council and Park and Recreation Board with minutes of Youth B oard meetings and copies of studies and resolutions to be considered by the Youth Board.”
427
ATTACHMENT 2
5 4. Section 2-1-419 of the Burbank M unicipal Code is hereby amended and restated as follows:

“2-1-419: TRANSPORTATION COMMISSION:

A. Establishment and Composition of the Commission: There is hereby created a Transportation Commission consisting of seven five (75) members. The Council shall give consideration to appointing persons affiliated with the following groups: small businesses, large businesses, transporta tion technology research and development organizations, homeowners, the Burbank-G lendale-Pasadena Airport Authority, transportation management organizations or associations, and other special needs groups such as senior citizens, persons with disabilities and bicyclists.

B. Secretary of the Commission: The Community Develo pment Director shall serve as Secretary to the Commission. The Secretary to the Commission shall not be a member of the Commission or vote on any matters coming before it, but such Secretary may be present during the Commission’s deliberations and may participate in all debates and discussions.

C. Powers and Duties of the Commission: The Transportation Commission shall have the following powers and duties:

1. To make recommendations to the City Council on transportation planning issues including, but not limited to, the transportation element of the General Plan and its components.

2. To make recommendations on the expendit ure of Proposition A funds, Proposition C funds, air quality funds and bonds, fees, loans and grants fo r the purpose of funding transportation improvements.

4. To perform such advisory functions as are delegated to it by the provisions of this code or other action of the Council.

D. Meetings: The Transportation Commission sha ll hold a regular meeting at least once a month at a time and place to be designat ed by the Commission. Special meetings may be called by the chair or four (4) members a majority of the Commission. When the time for any regul ar meeting of the Commission fa lls on a holiday, such meeting may be held at the discretion of the Commission or chair thereof at the same hour of the next succeeding day not a holiday or a regular meeting day of the Council or any other board or commission established pursuant to this division.

428
ATTACHMENT 2
6 E. Quorum: A majority of t he members of the Commission shall constitute a quorum for the transaction of business.”

5. All other sections of Title 2, Sect ion 1, Article 4, not amended by this Ordinance, shall remain in full force and effect.

6. If any provision of this Ordinance or its application is held invalid by a court of competent jurisdiction, such invalidity sh all not affect other provisions, sections, or applications of the Ordinance which can be giv en effect without the invalid provision or application, and to this end each phrase, secti on, sentence, or word is declared to be severable.

7. The City Manager, City Clerk, or thei r designee, is authorized to execute any action necessary to codify this Ordinance into the Burbank Municipal Code.

8. The City Clerk will certif y to the passage of this Ordinance and cause the City Attorney Synopsis of this Ordinance to be published once in a newspaper of general circulation within 14 days of adoption, that is published and circulated in the City of Burbank, California, or as required by applicable law.

PASSED AND ADOPTED this ____ day of ________, 2026.

__________________________
Tamala Takahashi
Mayor

Attest Approved as to Form
Office of the City Attorney

_____________________________ By : _______________________ Kimberley Clark, City Clerk Jill Vander Borght C h i e f A s s i s t a n t C i t y A t t o r n e y

429
ATTACHMENT 2
7 STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.

CITY OF BURBANK )

I, Kimberley Clark, City Cler k of the City of Burbank, do hereby certify that the foregoing Ordinance No. ___________was duly and regularly passed and adopted by the Council of the City of Burbank at its regular meeting held on the ____ day of ______, 2025, by the following vote:

AYES:

NOES:

ABSENT:

I further certify that sa id Synopsis was published as required by law in a newspaper of general circulat ion in the City of Burbank , California within 14 days following its ___, 2026 adoption.

_____________________________
Kimberley Clark, City Clerk
430
1 STAFF REPORT
DATE: April 7, 2026
TO: Honorable Mayor and Council Members
FROM: Krystle Ang Palmer, City Treasurer
SUBJECT: Review of City Treasurer’s Investment Portfolio Report for December 31, 2025

RECOMMENDATION
Note and file.

BACKGROUND
The City Treasurer’s Investment Portfolio Report for the City of Burbank, the Youth Endowment Services Fund, the Parking Authority of the City of Burbank, the Public Financing Authority, the Successor Agency to the Redevelopment Agency of the City of Burbank, and the Housing Authority of the City of Burbank, for the period ending December 31, 2025, is attached (Attachment 1).

DISCUSSION
The City’s total investment portfolio is diversified into various types of assets which are in compliance with the 2025 City of Burbank Investment Policy adopted September 9, 2025, by the City Council, and California Government Code § 53601.

This report was discussed by the Treasurer’s Oversight Review Committee (TORC) and the Fiscal & Treasurer’s Review Group (F&TRG) on April 1, 2026. The TORC members are:
• Darin Guggenheimer, CEO, Gain Federal Credit Union
• Norelyn Kurasz, former CEO, Cedar Sinai Federal Credit Union • Richard Martin, CPA
• Scott Rife, retired Senior Vice President, Boston Private Bank and Trust Reports to Council
Item #2
431
2 The F&TRG members are:
• Konstantine Anthony, Council Member
• Christopher Rizzotti, Council Member
• Justin Hess, City Manager
• Courtney Padgett, Assistant City Manager
• Jennifer Becker, Financial Services Director
• Joseph Lillio, Chief Financial Officer of Burbank Water and Power

ENVIRONMENTAL REVIEW
This activity has no potential for resulting in either a direct physical change in the environment, or a reasonably foreseeable indirect physical change in the environment, and as such, is not a “project” subject to the requirements of the California Environmental Quality Act (CEQA) 14 Cal. Code Regs § 15378.

FISCAL IMPACT
None.

CONCLUSION
The Investment Portfolio, managed by the City Treasurer, is in compliance with the City’s 2025 Investment Policy and California Government Code § 53601. There is sufficient investment liquidity and anticipated revenues available to meet the City’s expenditure requirements for the next six months.

ATTACHMENT
Attachment 1 – City of Burbank Treasurer’s Investment Portfolio Report for December 31, 2025
432
Dear City Council Members
Justin Hess, City Manager
Courtney Padgett, Assistant City Manager
Jennifer Becker, Financial Services Director
Joe Lillio, CFO Burbank Water & Power
This report fulfills City, Youth Endowment Services Fund, Parking Authority, Public Financing Authority, Successor Agency to the Redevelopment Agency and Housing Authority resolutions.

CITY PORTFOLIO OVERVIEW
The City must maintain $127 million in liquidity at all times (maturities within one year plus real estate taxes due from the County in April and December) to meet our projected budgeted expenditures. We currently have $437 million in liquidity, with $141 million in our account at the California Asset Management Program, $91 million in LAIF, $3 million in our account at the Morgan Stanley Institutional Liquidity Fund – Government Portfolio, $143 million in investments maturing within a year and $59 million in real estate taxes due in April and December.

The City Investment Pool ended December at $727 million, up from November’s balance of $698 million. Market value came in at 100.1% in December, slightly up from 100% in November. The weighted average yield of the portfolio at cost at the end of the month is 3.48%.

MARKET OUTLOOK
As widely expected, the Federal Reserve held rates steady during its meeting in January, pausing after three consecutive rate cuts in late 2025. In his press conference, Fed Chair Powell explained the committee’s decision, stating that “available indicators suggest that economic activity has been expanding at a solid pace. Consumer spending has been resilient, and business fixed investment has continued to expand… In the labor market, indicators suggest that conditions may be stabilizing after a period of gradual softening. The unemployment rate was 4.4% in December and has changed little in recent months. Job gains have remained low….Inflation has eased significantly from its highs in mid-2022 but remains somewhat elevated relative to our 2 percent longer-run goal.” While two Fed governors voted in favor of a quarter point cut, most policymakers agreed there is a need to be cautious and wait for more data in the job market or inflation before another rate move. At this point, Fed Chair Powell also has not confirmed whether he will remain on the central bank’s board or choose to depart after his chairmanship ends this year. Chairs have traditionally stepped down after their tenure ends although Fed Chair Powell can technically choose to remain as a governor until 2028. The President has already nominated Kevin Warsh as the next Fed Chair, and if confirmed by the Senate, would succeed Powell in May.

CITY OF BURBANK – OFFICE OF THE CITY TREASURER
275 East Olive Avenue,
PO Box 7145, Burbank, CA 91510-7145
(818)23
8 -5880
City of Burbank Investment Portfolio Report for December 2025 Dated February 3, 2026

Page 1 ends

433
While the unemployment rate remains relatively low, a few large US companies have announced major layoffs in recent weeks, with Amazon shedding 16,000 corporate employees and UPS planning 30,000 job cuts. US-based employers have now announced 1.2 million in headcount reductions in 2025, the highest an
nual figure since 2020. However, 300,000 of those job losses have primarily been in the Federal government, implying that private sector layoffs, while higher than the previous year, have not increased drastically. Companies, however, are expected to continue to trim headcount, with CEOs insisting that their companies are still too bloated from the hiring boom during the pandemic, and also anticipating efficiencies stemming from the use of artificial intelligence.

Meanwhile, even as the average US tariff increased to 17% in the past year, the highest since 1932, the impact of tariffs on prices has still been relatively minimal, as businesses have chosen to absorb most cost increases instead of passing them on to customers. One study has shown, however, that tariffs have certainly contributed to inflation, accounting for around 0.7% in the Consumer Price Index. On a side note, the housing and rental markets have improved for b
uyers and renters in recent months. In the past year, 62% of homebuyers bought a home below the original list price, the highest proportion since 2019, with the average discount at 8%, the largest since 2012. The median rent in the Los Angeles metro area dropped to its lowest since 2022. Some apartments are now sitting on the market for weeks, with landlords offering move-in deals to attract tenants.

Page 2 ends

434
Krystle Ang Palmer
City Treasurer
CC: Konstantine Anthony, Council Member/Liaison to Treasurer’s Office Christopher Rizzotti, Council Member/Liaison to Treasurer’s Office Darin Guggenheimer, Treasurer’s Oversight Review Committee Member Norelyn Kurasz, Treasurer’s Oversight Review Committee Member Richard Martin, Treasurer’s Oversight Review Committee Member Scott Rife, Treasurer’s Oversight Review Committee Member

Page 3 ends

435
Asset Category | Policy Maximum
Face Amount/Shares
Market Value
Book Value
% of Portfolio MV
YTM @ Cost
Days To Maturity
CD | Negotiable | 30 %
30,380,000 30,827,228 30,380,000 4.24

4.19 843
Joint Powers Authority Pool | 25 %
140,507,589 140,507,588 140,507,589 19.33

3.95 1
LAIF CITY - Per Account | 75M
91,000,000 91,175,592 91,000,000

12.54 4.25
1 Medium Term Note | 30 %
171,426,000 168,014,233 166,472,531 23.12 3.99 1,166
Money Market | 20 %
3,209,722 3,209,722 3,209,722

0.44 3.73
1 Municipal Bonds | 30 %
76,170,000 75,650,515 75,237,614 10.41 3.70 641
Supranational Obligations | 15 %
33,000,000 32,941,140 32,831,148 4.53 2.58 672
US Agency | 90 %
162,935,000 160,695,929 162,590,355 22.11 2.03 434
US Treasury | No Limit
24,000,000 23,807,670 23,687,723 3.28 3.74 1,199
Total / Average
732,628,311 726,829,617 725,916,682
100.00

3.48 541

INVESTMENT POLICY COMPLIANCE
I certify that the City's Investment Portfolio is in full compliance with the City's Investment Policy and California Government Code Section 53601, and I believe the Investment Pool contains sufficient cash flow from liquid and maturing securities, bank deposits, and income to meet the City's expenditure requirement for the next six months.

CITY OF BURBANK

OFFICE OF THE CITY TREASURER
Investment Report | December 2025
Date
Krystle Ang Palmer, City Treasurer
LAIF | Successor Agency
LAIF | Housing Authority 600,000
Total
600,000
736,608,311 730,817,297 730,631,682
3,380,000 3,386,522 3,380,000
2/03/26
601,158

Page 4 ends

436
Asset Category Allocation
Asset Category | Policy Maximum
Market Value
11/30/2025
% of Portfolio
11/30/2025
Market Value
12/31/2025
% of Portfolio
12/31/2025
CD | Negotiable | 30 %
31,579,221

4.52 30,827,228

4.24 Joint Powers Authority Pool | 25 %
140,038,288

20.06 140,507,588

19.33 LAIF CITY - Per Account | 75M
85,164,014

12.20 91,175,592

12.54 Medium Term Note | 30 %
153,907,616

22.04 168,014,233

23.12 Money Market | 20 %
3,202,612

0.46 3,209,722

0.44 Municipal Bonds | 30 %
76,317,789

10.93 75,650,515

10.41 Supranational Obligations | 15 %
32,926,140

4.72 32,941,140

4.53 US Agency | 90 %
154,353,476

22.11 160,695,929

22.11 US Treasury | No Limit
20,746,950

2.97 23,807,670

3.28 Total / Average
698,236,106
100.00
726,829,617
100.00
Portfolio Holdings as of 11/30/2025
Portfolio Holdings as of 12/31/2025
Begin Date: 11/30/2025, End Date: 12/31/2025
Monthly Treasurer's Report
Distribution by Asset Category - Market Value
City of Burbank

Page 5 ends

437
Maturity Range Allocation
Maturity Range
Market Value
11/30/2025
% of Portfolio
11/30/2025
Market Value
12/31/2025
% of Portfolio
12/31/2025
0-1 Month
229,630,264

32.89 244,123,388

33.59 1-3 Months
21,359,288

3.06 18,907,093

2.60 3-6 Months
20,580,635

2.95 22,406,797

3.08 6-9 Months
41,395,761

5.93 42,820,931

5.89 9-12 Months
45,954,910

6.58 49,623,696

6.83 1-2 Years
134,103,613

19.21 120,798,321

16.62 2-3 Years
45,690,674

6.54 45,909,801

6.32 3-4 Years
83,047,890

11.89 85,679,711

11.79 4-5 Years
76,473,070

10.95 96,559,879

13.29 Total / Average
698,236,106
100.00
726,829,617
100.00
Portfolio Holdings
Begin Date: 11/30/2025, End Date: 12/31/2025
Monthly Treasurer's Report
Distribution by Maturity Range - Market Value
City of Burbank

Page 6 ends

438
108,848 750,793 1,238,389
358,534 1,926,348 0
Joint Powers Authority Pool | 25 % 469,301 2,970,820 3,041,180 4 46,296 2,249,270 1,595,452
Money Market Fund | 20 % 7
,110 4
9,474 980,502
1 77,130 1,045,101 912,802
66,198 409,555 354,182
267,215 1,572,368 1,956,145
54,121 208,644 192,018
1,954,752
YTM@Cost 3.48% TRR@BV 3.53% TRR@BV 3.51%
Income Summary
Begin Date: 11/30/2025, End Date: 12/31/2025
City of Burbank
Monthly Treasurer's Report
Supranational Obligations | 15 %
Asset Category Allocation
Asset Category | Policy Maximum December 2025 | MTD December 2025 | Fiscal YTD US Agency | 90 %
Medium Term Note | 30 %
Municipal Bonds | 30 %
December 2024 | Fiscal YTD
CD | Negotiable | 30 %
LAIF Per Account | 75M
11,182,374 10,270,669
US Treasury | No Limit
The chart to the left shows relevant rates (Money
Market Fund, CAMP, LAIF, the 12-month
moving average of the 2-year treasury, and
portfolio current yield) as of December 31, 2025,
as well as current treasury yields and those from a
year ago.

Page 7 ends

439
KEY
City of Burbank
Credit Ratings | Medium Term Notes
End Date: 12/31/25 Monthly Treasurer's Report
"Watch" implies an imminent but not inevitable action.
+ | Positive Watch - | Negative Watch
"Outlook" implies entity is being monitored.

Neg | Negative Outlook
Issuer Moody's S & P Face Amount/Shares Maturity Date
3,000,000 07/16/2026 Aa3 AA+
3,000,000 01/15/2026 Aa1 AA+
1,995,000 07/16/2026 A2 A
3,000,000 08/12/2026
Aa3 AA-
1,228,000 09/14/2026 Aa3 AA
-
3,000,000 07
/01/2026 Aaa AAA
A2 A
3,
000,000 01/08/2027 A2 A
3,000,000 09/01/202
6 2,000,000 01/11/2027 Aa1 AA+
3,000,000 01/15/2027 A2 A
2,000,000 01/11/2027 Aa
3 AA-
2,000,000 01/14/2027 Aa3 AA-
3,000,000 0
3/15/2027 Aa2 AA
3,
000,000 06/03/2027 A
1 AA
2,000,000 04/20/2028 A2 A
3,000,000 05/30/2028 Aa1 AA+
3,000,000 05/15/2028 Aa3 AA-
2,000,000 09/08/2028 A1 A+
3,000,000 09/15/2028 A2 A
2,000,000 09/11/2028 A1 A+
3,000
,000 10/02/2028 Aa1 AA+
3,000,000 03/08/2029 Aa2 AA
3,000
,000 04/01/2029 Aa2 AA-
New York Life Global
Mass Institute of Tech
Mars Inc
Massmutual Global Funding
BMW US Capital
Pricoa Global Funding
Met Tower Global Funding
Caterpillar Financial Services
Met Life Global
Northwest Mutual Global
Nestle Holdings
Target Corp
Berkshire Hathaway
Amazon
Mars Inc
Meta Platforms INC

National Securites Clearing
Unilever Capital Corp
Toyota Motor Credit Corp
Home Depot
Guardian Life Global Funding
Toyota
Motor Credit Corp
Roche Holdings INC
Nestle Capital Corp
University of Chicago
John Deere Capital Corp
Kimberly-Clark Corp
2,000,000 03/12/2029 Aa3 AA-
2,
882,000 01/05/2029 A1
A+
3,000,000 04/18/2029
A1
A
3,000,000 04/25/2029
A2 A
Blackrock Funding INC 03/14/2029 AA-3,000,000 Aa3
3,000,000
3,000,000
3,000,000
3,000,000
3,000,000
0 8/1
5/2029
0 9/
01/2029
0 9/01/2029
09/04/2029
09/06/2029

A2 A
A 2 A
A1
A+
Aa3 A
+
Mercedes-Benz Finance
Honeywell International
United Parcel Service
Texas Instruments INC

Coca Cola Co
3,000,000 09/01/2029 A2 AWalt Disney Co
A2 A (-)
(Neg)
(Neg)

Page 8 ends

(Neg) (Neg)
(Neg)

Page 8 ends

440
KEY "Watch" implies an imminent but not inevitable action. + | Positive Watch - | Negative Watch
"Outlook" implies entity is being monitored.

Neg | Negative Outlook
Issuer Moody's S & P Face Amount/Shares Maturity Date
3,000,000 09/11/2029 Aaa AA+
3,000,000 10/04/2029 Aa3 AA-
Apple INC
Novartis Capital Corp
Paccar Financial Corp
Accenture Capital INC
3,000,000
3,000,000
09/18/2029
09/26/2029
Aa3 AA-
A1 A+
City of Burbank
Credit Ratings | Medium Term Notes
Monthly Treasurer's Report End Date: 12/31/25
3,000,000 3/15/2030 Aaa AAA Presidents and Fellows of Harvard Hershey Company 3,000,000 11/15/2029 A1 (Neg) A (Neg) Adobe Inc 3,000,000 2/01/2030 A1 A+
3,000,000 3/19/2030 A1 A+ Pepsico Inc
Alphabet Inc
Costco Wholesale Corp
Walmart Inc
Qualcomm Inc
3,000,000
3,000
,000
3,000,000
3,000,000
5/15/2030
4/20/2030
4/28/2030
5/20/2030
Aa2
AA+
Aa3 AA
Aa2 AA
A2 A
Dartmouth College 3,000,000 6/01/2030 Aa1 AAA
Stanford
University 3,000,000 8/01/2030 Aaa AAA
Netflix 3,000,000 6/15/2030 A3 A
Brown University 3,000,000 9/01/2030 Aa1
Automatic Data Processing 3,000,000 9/01/2030 Aa3 AA- Emory University 1,321,000 9/01/2030 Aa2
AA
3,000,000 4/15/2030 Aaa AAA
AA
+
Trustees Princeton University 3,000,000 7/01/2030 Aaa AAA Yale University
AA
Cornell University 3,000,000 6/15/2030 Aa1 AA
3,000
,000 4/01/2030 A2 APfizer Inc
3,000,000 3/27/2030 A2 A+ Nike
Paypal Holdings INC 3,000,000 6/01 /2030 A3 A-
AACargill 3,000,000 10/23/2030 A2
Merck & Co INC 3,000,000 9/15/2030 Aa3 A+
Procter & Gamble 3,000,000 10/29/2030 Aa3 AA-

Page 9 ends

441
Issuer Face Amount/Shares Moody's S & P
KEY
Maturity Date
"Watch" implies an imminent but not inevitable action.
+ | Positive Watch - | Negative Watch
"Outlook" implies entity is being monitored.

Neg | Negative Outlook Pos | Positive Outlook
1,100,000 05/01/2026 Aa1 AAA
750,000 03/15/2026 NR AA+New York State Dormitory Authority NY Housing Development
NYC Transitional Finance Authority
Univ of California Revenues
Beverly Hills Public Financing Authority
CA State Health Facilities
Maryland State
Burbank Unified School District
Hawaii State
San Francisco Redev Agency
1,800,000 06/01/2026 NR AA+
1,900,000 05/15/2026 Aa2 AA
3,000,000 08/01/2026 NR AA
1,000,000 06/01/2026 Aa3 AA-
3,000,000 06/01/2026 Aa1 AAA
3,000,000 08/01/2026 Aa2 AA+
770,000 05/01/2026 Aa2 AA+
620,000 08/01/2026 Aa2 NR
Santa Monica-Malibu Unified
Massachusetts School Building Authority
Tennessee State School Bond Authority
CA State University Revenue
Utah State Transit Authority
New York State
1,800,000 08/15/2026 Aa1 AA+
810,000 08/01/2026 Aa1 AA+

3,000,000 0
2/15/2027 Aa1 A A+
3,000,000 09/15/2026 Aa 1 AA+
1,855,000 12/15/2026 Aa2 AA+
1,040,000 11/01/2026 Aa2 AA -
2,365,000 03/15/2027 NR AA+
2,000,000 03/15/2027 Aa 1 NR
1,125,000 03/15/2027 Aa1 NR
NY Urban Development
NY Urban Development
NY Dormitory Authority
750,000 04/01/2027 Aa2 AAA
895,000 04/01/202
7 NR AA+
Aa1 AA+ 1,525,000 05/01/2027
815,000 04/27/2027 Aa3 AA
Aa1 AA+ 1,475,000 05/01/202
7 Bay Area Toll Authority
Oregon State Lottery Revenue
West Hollywood CA Lease Revenue
Wisconsin State
Wisconsin State
3,000,000 05/15
/2027 Aa2 AAUniversity of California Revenues
1,255,000 06/01/2027 Aa3 AA-CA State Health Facilities
City of Burbank
Credit Ratings | Municipal Bonds
Monthly Treasurer's Report End Date: 12/31/25

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442
Issuer Face Amount/Shares Moody's S & P
KEY
Maturity Date
"Watch" implies an imminent but not inevitable action.
+ | Positive Watch - | Negative Watch
"Outlook" implies entity is being monitored.

Neg | Negative Outlook Pos | Positive Outlook
2,000,000 07/15/2027 Aa1 NR
2,520,000 08/01/2027 Aa2 NR
4,000,000 05/01/2028 Aa1 AAA
1,000,000 05/15/2028 Aa2 AA-
325,000 06/01/2028 Aa2 AA
3,150,000 06/15/2028 Aa2 AA-
400,000 08/01/2028 Aa1 AA
450,000 05/15/2028 Aa2 AA
900,000 04/01/2029 Aa3 AA+
Massachusetts State Special Obligation
San Diego Public Financing
NYC Transitional Finance Authority Revenue
State of Connecticut
University of California Revenues
State of Maine
State of Connecticut
Santa Barbara USD
CA State Public Works Board
Oregon State Lottery
Colorado State Housing & Finance Authority
State of Oregon
University of California Revenues
Santa Monica Malibu Revenues
State of California
810,000 04/01/2028 Aa2 AAA
1,000,000 05/01/2029 Aa1 AA+
4,330,000 05/15/2029 Aa3 AA-
2,665,000 05/01/2029 Aaa AAA
2,200,000 08/01/2029 Aa1 AA+
3,000,000 09/01/2029 Aa2 AA-
State of California 3,000,000 03/01/2030 Aa2 AA-
California State Public Works Board Lease Review 1,000,000 04/01/2030 Aa3 A+

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443
Description CUSIP/Ticker % of Portfolio Settlement Date Maturity Date Days To Maturity YTM @ Cost Face Amount/Shares Cost Value Market Value Credit Rating 1 Credit Rating 2 CD | Negotiable | 30 %
A+ Federal Credit Union 4.55 4/28/2028 00224TAP1 0.03 4/28/2023 4/28/2028 849 4.550 245,000.00 245,000.00 249,463.90 NCUA Insured NCUA Insured Advia Credit Union 5 9/27/2028 00782JAC6 0.03 9/27/2023 9/27/2028 1,001 5.000 245,000.00 245,000.00 252,871.85 NCUA Insured NCUA Insured Affinity Bank 4.9 3/17/2028 00833JAQ4 0.03 3/17/2023 3/17/2028 807 4.900 245,000.00 245,000.00 251,117.65 FDIC Insured FDIC Insured All In Federal Credit Union 4.6 2/17/2028 01664MAE6 0.03 2/17/2023 2/17/2028 778 4.600 245,000.00 245,000.00 249,427.15 NCUA Insured NCUA Insured Alliant Credit Union 5 1/30/2026 01882MAE2 0.03 1/30/2023 1/30/2026 30 5.000 245,000.00 245,000.00 245,245.00 NCUA Insured NCUA Insured Altaone Federal Credit 4.25 8/15/2029 02157RAB3 0.03 8/15/2024 8/15/2029 1,323 4.250 245,000.00 245,000.00 248,616.20 NCUA Insured NCUA Insured Amerant Bank NA 4.65 9/8/2028 02357QCF2 0.03 9/8/2023 9/8/2028 982 4.650 245,000.00 245,000.00 250,566.40 FDIC Insured FDIC Insured American Express National Bank 2 3/9/2027 02589ABQ4 0.03 3/9/2022 3/9/2027 433 2.000 245,000.00 245,000.00 240,452.80 FDIC Insured FDIC Insured American First Credit Union 4.25 4/27/2028 02616ABY4 0.03 4/27/2023 4/27/2028 848 4.250 245,000.00 245,000.00 247,827.30 NCUA Insured NCUA Insured Asian Bank 4.2 3/14/2029 04518XAH7 0.03 3/14/2024 3/14/2029 1,169 4.200 245,000.00 245,000.00 247,962.05 FDIC Insured FDIC Insured Austin Telco FCU 5.05 11/27/2026 052392CC9 0.03 11/28/2022 11/27/2026 331 5.050 245,000.00 245,000.00 248,187.45 NCUA Insured NCUA Insured Bank Five Nine 4.65 3/20/2028 062119BK7 0.03 3/20/2023 3/20/2028 810 4.650 245,000.00 245,000.00 249,833.85 FDIC Insured FDIC Insured Bank Hapoalim B.M. NY 4.6 5/21/2029 06251A6Z8 0.03 5/21/2024 5/21/2029 1,237 4.600 245,000.00 245,000.00 251,147.05 FDIC Insured FDIC Insured Bank of New York Mellon NA 4.5 9/7/2028 05584CJJ6 0.03 9/7/2023 9/7/2028 981 4.500 245,000.00 245,000.00 249,576.60 FDIC Insured FDIC Insured Bank of Perry County 4.25 5/31/2028 06425KCT4 0.03 5/31/2023 5/31/2028 882 4.250 245,000.00 245,000.00 252,541.10 FDIC Insured FDIC Insured Bank of the Sierra 4.5 8/18/2028 064860MJ5 0.03 8/18/2023 8/18/2028 961 4.500 245,000.00 245,000.00 249,434.50 FDIC Insured FDIC Insured Bankers Bank Madison WI 4.25 11/24/2027 06610RBZ1 0.03 5/24/2023 11/24/2027 693 4.250 245,000.00 245,000.00 247,494.10 FDIC Insured FDIC Insured Barclays Bank 1.95 2/23/2027 06740KNY9 0.03 2/23/2022 2/23/2027 419 1.950 245,000.00 245,000.00 240,433.20 FDIC Insured FDIC Insured Baxter Credit Union 5 11/30/2026 07181JAV6 0.03 11/28/2022 11/30/2026 334 5.000 245,000.00 245,000.00 248,138.45 NCUA Insured NCUA Insured Beal Bank 2.05 2/24/2027 07371CH69 0.03 3/2/2022 2/24/2027 420 2.050 245,000.00 245,000.00 240,749.25 FDIC Insured FDIC Insured Beal Bank 2.05 2/24/2027 07371AYT4 0.03 3/2/2022 2/24/2027 420 2.050 245,000.00 245,000.00 240,749.25 FDIC Insured FDIC Insured BMO Harris Bank NA 4.5 5/16/2028 05600XQE3 0.03 5/16/2023 5/16/2028 867 4.500 245,000.00 245,000.00 249,214.00 FDIC Insured FDIC Insured BMW Bank of North America 2.75 4/22/2026 05580AM92 0.03 4/22/2022 4/22/2026 112 2.750 245,000.00 245,000.00 244,198.85 FDIC Insured FDIC Insured Bridgewater Bank Bloom MN 4.8 3/29/2028 108622NK3 0.03 3/29/2023 3/29/2028 819 4.800 245,000.00 245,000.00 250,666.85 FDIC Insured FDIC Insured Capital One 2.8 4/20/2027 14042RQS3 0.03 4/20/2022 4/20/2027 475 2.800 245,000.00 245,000.00 242,427.50 FDIC Insured FDIC Insured Celtic Bank 4.4 4/19/2028 15118RG50 0.03 4/19/2023 4/19/2028 840 4.400 245,000.00 245,000.00 248,618.65 FDIC Insured FDIC Insured Central Bank 4 5/12/2028 152577BN1 0.03 5/12/2023 5/12/2028 863 4.000 245,000.00 245,000.00 246,472.45 FDIC Insured FDIC Insured Central State Bank Iowa 4.4 6/21/2028 15523RDT0 0.03 6/21/2023 6/21/2028 903 4.400 245,000.00 245,000.00 248,508.40 FDIC Insured FDIC Insured CIBC Bank USA 4.75 3/24/2028 12547CAT5 0.03 3/24/2023 3/24/2028 814 4.750 245,000.00 245,000.00 250,316.50 FDIC Insured FDIC Insured Citizens State Bank of La Crosse 4.7 3/24/2028 176688DA4 0.03 3/24/2023 3/24/2028 814 4.700 245,000.00 245,000.00 250,113.15 FDIC Insured FDIC Insured Comenity Capital Bank 2.65 4/14/2027 20033A3A2 0.03 4/14/2022 4/14/2027 469 2.650 245,000.00 245,000.00 242,011.00 FDIC Insured FDIC Insured Consumers Federal Credit Union 5.1 10/16/2028 21056RAA7 0.03 10/16/2023 10/16/2028 1,020 5.100 245,000.00 245,000.00 253,648.50 NCUA Insured NCUA Insured Customers Bank 4.45 5/31/2028 23204HNZ7 0.03 5/31/2023 5/31/2028 882 4.450 245,000.00 245,000.00 252,418.60 FDIC Insured FDIC Insured CY Fair Federal Credit Union 4.5 5/12/2028 23248UAB3 0.03 5/12/2023 5/12/2028 863 4.500 245,000.00 245,000.00 249,240.95 NCUA Insured NCUA Insured Delta National Bank and Trust NY 2 2/25/2027 24773RCR4 0.03 3/9/2022 2/25/2027 421 2.000 245,000.00 245,000.00 240,599.80 FDIC Insured FDIC Insured Department of Commerce 5 7/26/2028 24951TAZ8 0.03 7/26/2023 7/26/2028 938 5.000 245,000.00 245,000.00 252,492.10 FDIC Insured FDIC Insured Discover Bank 4.45 10/18/2027 254673W51 0.03 10/18/2022 10/18/2027 656 4.450 245,000.00 245,000.00 248,202.15 FDIC Insured FDIC Insured Dort Financial Credit 4.35 5/24/2028 25844MAW8 0.03 5/24/2023 5/24/2028 875 4.350 245,000.00 245,000.00 248,417.75 NCUA Insured NCUA Insured Eaglemark Savings Bank 2 3/9/2027 27004PCN1 0.03 3/9/2022 3/9/2027 433 2.000 245,000.00 245,000.00 240,452.80 FDIC Insured FDIC Insured Empower Federal Credit Union 5.1 9/29/2028 291916AB0 0.03 9/29/2023 9/29/2028 1,003 5.100 245,000.00 245,000.00 253,523.55 NCUA Insured NCUA Insured City of Burbank
Portfolio Position Detail Report
Monthly Treasurer's Report
1 2/31/2025

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Description CUSIP/Ticker % of Portfolio Settlement Date Maturity Date Days To Maturity YTM @ Cost Face Amount/Shares Cost Value Market Value Credit Rating 1 Credit Rating 2 Enterprise Bank PA 4.25 5/19/2028 29367RMN3 0.03 5/19/2023 5/19/2028 870 4.250 245,000.00 245,000.00 247,871.40 FDIC Insured FDIC Insured Farmers & Merchants Bank 4.4 7/5/2029 30781JBU3 0.03 7/5/2024 7/5/2029 1,282 4.400 245,000.00 245,000.00 249,753.00 FDIC Insured FDIC Insured Federal Savings Bank 4.5 6/28/2028 313812EG0 0.03 6/28/2023 6/28/2028 910 4.500 245,000.00 245,000.00 253,244.25 FDIC Insured FDIC Insured First Bank Elk River 4.4 6/30/2028 31911KAK4 0.03 6/30/2023 6/30/2028 912 4.400 245,000.00 245,000.00 252,487.20 FDIC Insured FDIC Insured First Financial 4.45 2/8/2028 32024DAC0 0.03 2/8/2023 2/8/2028 769 4.450 245,000.00 245,000.00 248,643.15 FDIC Insured FDIC Insured First Guaranty Bank 4.5 8/4/2028 320437AD8 0.03 8/4/2023 8/4/2028 947 4.500 245,000.00 245,000.00 249,520.25 FDIC Insured FDIC Insured First National Bank of America 4.5 7/21/2028 32110YC45 0.03 7/21/2023 7/21/2028 933 4.500 245,000.00 245,000.00 254,197.30 FDIC Insured FDIC Insured First National Bank of America Michigan 4.6 9/22/2 32114VCM7 0.03 9/22/2023 9/22/2028 996 4.600 245,000.00 245,000.00 250,306.70 FDIC Insured FDIC Insured First Premier Bank 3.65 9/26/2029 33610RVT7 0.03 9/26/2024 9/26/2029 1,365 3.650 245,000.00 245,000.00 243,552.05 FDIC Insured FDIC Insured FNCB Bank 4 5/8/2028 30257YBT8 0.03 5/8/2023 5/8/2028 859 4.000 245,000.00 245,000.00 246,452.85 FDIC Insured FDIC Insured Genoa Banking Company 4.05 5/19/2028 372348DB5 0.03 5/19/2023 5/19/2028 870 4.050 245,000.00 245,000.00 246,756.65 FDIC Insured FDIC Insured Goldman Sachs Bank USA 4.3 3/4/2030 38150VR27 0.03 3/4/2025 3/4/2030 1,524 4.300 245,000.00 245,000.00 249,280.15 FDIC Insured FDIC Insured Greenstate Credit Union 0.95 7/21/2026 39573LBM9 0.03 7/21/2021 7/21/2026 202 0.950 245,000.00 245,000.00 241,405.85 NCUA Insured NCUA Insured Guardian Credit Union 5.1 9/29/2028 40135GAA6 0.03 9/29/2023 9/29/2028 1,003 5.100 245,000.00 245,000.00 253,523.55 NCUA Insured NCUA Insured Heritage Community Credit Union 5.25 11/15/2028 42728MAC8 0.03 11/15/2023 11/15/2028 1,050 5.250 245,000.00 245,000.00 254,826.95 NCUA Insured NCUA Insured Idaho First Bank 4.2 5/30/2028 451245AT1 0.03 5/30/2023 5/30/2028 881 4.200 245,000.00 245,000.00 252,568.05 FDIC Insured FDIC Insured Jeanne D'Arc Credit Union 4.3 7/31/2029 472207AJ8 0.03 7/31/2024 7/31/2029 1,308 4.300 245,000.00 245,000.00 249,022.90 NCUA Insured NCUA Insured Jovia Financial Credit Union 5.2 11/30/2027 48115LAK0 0.03 11/30/2023 11/30/2027 699 5.200 245,000.00 245,000.00 251,801.20 NCUA Insured NCUA Insured Kodabank 4.5 7/21/2028 50007DAD1 0.03 7/21/2023 7/21/2028 933 4.500 245,000.00 245,000.00 254,013.55 FDIC Insured FDIC Insured Lafayette Federal Credit Union 3.25 5/25/2027 50625LBJ1 0.03 5/25/2022 5/25/2027 510 3.250 245,000.00 245,000.00 243,713.75 NCUA Insured NCUA Insured LCA Bank Corp 4.25 5/26/2028 501798TY8 0.03 5/26/2023 5/26/2028 877 4.250 245,000.00 245,000.00 248,415.30 FDIC Insured FDIC Insured Leaders Credit Union 5 3/30/2028 52171MAG0 0.03 3/30/2023 3/30/2028 820 5.000 245,000.00 245,000.00 251,784.05 NCUA Insured NCUA Insured Liberty First Credit Union 4.35 1/27/2028 530520AD7 0.03 1/27/2023 1/27/2028 757 4.350 245,000.00 245,000.00 248,136.00 NCUA Insured NCUA Insured Lincoln Park Community 5 8/28/2028 534574AC2 0.03 8/28/2023 8/28/2028 971 5.000 245,000.00 245,000.00 252,693.00 FDIC Insured FDIC Insured Mauch Chunk Trust Co 4.2 3/20/2029 577234CX3 0.03 3/20/2024 3/20/2029 1,175 4.200 245,000.00 245,000.00 248,006.15 FDIC Insured FDIC Insured Member's First Credit Union 5.6 4/6/2026 58588NAA5 0.03 10/4/2023 4/6/2026 96 5.600 245,000.00 245,000.00 246,176.00 NCUA Insured NCUA Insured Members Trust of SW FCU 4.15 2/20/2029 585899AH0 0.03 2/20/2024 2/20/2029 1,147 4.150 245,000.00 245,000.00 247,599.45 NCUA Insured NCUA Insured Merrick Bank 3.8 9/20/2029 59013KP42 0.03 9/20/2024 9/20/2029 1,359 3.800 245,000.00 245,000.00 244,835.85 FDIC Insured FDIC Insured Metro Credit Union 1.7 2/18/2027 59161YAP1 0.03 2/18/2022 2/18/2027 414 1.700 245,000.00 245,000.00 239,808.45 FDIC Insured FDIC Insured Morgan Stanley Bank 4.7 6/12/2029 61690DSJ8 0.03 6/12/2024 6/12/2029 1,259 4.700 245,000.00 245,000.00 251,984.95 FDIC Insured FDIC Insured Morgan Stanley Private Bank 4.65 5/22/2029 61768E4B6 0.03 5/22/2024 5/22/2029 1,238 4.650 245,000.00 245,000.00 251,536.60 FDIC Insured FDIC Insured Morgantown Bank & Trust 4.15 3/22/2029 617504AF2 0.03 3/22/2024 3/22/2029 1,177 4.150 245,000.00 245,000.00 247,638.65 FDIC Insured FDIC Insured Morton Lane FCU 5.4 3/16/2026 61934MAD6 0.03 9/15/2023 3/16/2026 75 5.400 245,000.00 245,000.00 245,712.95 NCUA Insured NCUA Insured Mountain America Federal Credit Union 4.7 4/28/202 62384RAT3 0.03 4/28/2023 4/28/2026 118 4.700 245,000.00 245,000.00 245,727.65 NCUA Insured NCUA Insured My Safra Bank FSB 4.4 5/18/2028 55406JBS0 0.03 5/18/2023 5/18/2028 869 4.400 245,000.00 245,000.00 248,670.10 FDIC Insured FDIC Insured Neighbors Federal Credit 4.9 7/26/2028 64017ABA1 0.03 7/26/2023 7/26/2028 938 4.900 245,000.00 245,000.00 252,492.10 NCUA Insured NCUA Insured Numerica Credit Union 3.1 5/13/2027 67054NAW3 0.03 5/13/2022 5/13/2027 498 3.100 245,000.00 245,000.00 243,267.85 NCUA Insured FDIC Insured Old Missouri Bank 4.6 9/27/2028 68002LCV8 0.03 9/27/2023 9/27/2028 1,001 4.600 245,000.00 245,000.00 250,326.30 FDIC Insured FDIC Insured Onpath Federal Credit Union 4.85 7/31/2028 68283MAP1 0.03 7/31/2023 7/31/2028 943 4.850 245,000.00 245,000.00 251,641.95 NCUA Insured NCUA Insured Optum Bank INC 3.7 9/16/2030 68405VEPO 0.03 9/15/2025 9/16/2030 1,720 3.700 245,000.00 245,000.00 243,316.85 FDIC Insured FDIC Insured Park St Bank Duluth 4.45 7/19/2028 70086VAU5 0.03 7/19/2023 7/19/2028 931 4.450 245,000.00 245,000.00 252,969.85 FDIC Insured FDIC Insured Pima Federal Credit 5 8/17/2027 722000AB2 0.03 8/17/2023 8/17/2027 594 5.000 245,000.00 245,000.00 250,171.95 NCUA Insured NCUA Insured Pitney Bowes Bank INC 4.35 4/13/2028 724468AC7 0.03 4/14/2023 4/13/2028 834 4.350 245,000.00 245,000.00 248,349.15 FDIC Insured FDIC Insured Providence Bank 4.4 8/21/2028 743738CV6 0.03 8/21/2023 8/21/2028 964 4.400 245,000.00 245,000.00 248,961.65 FDIC Insured FDIC Insured Railroad Employees Credit Union 5.1 9/29/2028 75076MAA0 0.03 9/29/2023 9/29/2028 1,003 5.100 245,000.00 245,000.00 253,523.55 NCUA Insured NCUA Insured Red Crown Federal Credit Union 5.1 10/13/2028 756558AC6 0.03 10/13/2023 10/13/2028 1,017 5.100 245,000.00 245,000.00 253,616.65 NCUA Insured NCUA Insured Sallie Mae Bank Salt Lake 1 7/14/2026 7954507A7 0.03 7/14/2021 7/14/2026 195 1.000 245,000.00 245,000.00 241,577.35 FDIC Insured FDIC Insured San Francisco Credit Union 4.35 2/3/2028 79772FAG1 0.03 2/3/2023 2/3/2028 764 4.350 245,000.00 245,000.00 248,133.55 NCUA Insured NCUA Insured SCE Federal Credit Union 4.25 3/14/2029 78413RAQ0 0.03 3/14/2024 3/14/2029 1,169 4.250 245,000.00 245,000.00 248,366.30 NCUA Insured NCUA Insured Sec State Bank Warroad MN 4.3 5/31/2028 81501JAE2 0.03 5/31/2023 5/31/2028 882 4.300 245,000.00 245,000.00 252,536.20 FDIC Insured FDIC Insured

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Description CUSIP/Ticker% of PortfolioSettlement DateMaturity DateDays To MaturityYTM @ CostFace Amount/SharesCost Value Market Value Credit Rating 1Credit Rating 2 Self Help FCU 4.1 5/26/2028 81632NBB0 0.03 5/26/2023 5/26/2028 877 4.100 245,000.00 245,000.00 247,018.80NCUA InsuredNCUA Insured Signature Federal Credit Union 4.4 1/31/202882671DAB3 0.03 1/31/2023 1/31/2028 761 4.400 245,000.00 245,000.00 248,400.60NCUA InsuredNCUA Insured Southcoast Federal Credit Union 4.2 12/28/202884130LAB6 0.03 12/28/202312/28/2028 1,093 4.200 245,000.00 245,000.00 247,883.65NCUA InsuredNCUA Insured Southern Bank Poplar Bluff MO 4.2 5/17/2028 843383CS7 0.03 5/17/2023 5/17/2028 868 4.200 245,000.00 245,000.00 247,589.65FDIC InsuredFDIC Insured St Louis Bank MO 4.45 6/30/2028 85231WAW1 0.03 6/30/2023 6/30/2028 912 4.450 245,000.00 245,000.00 253,800.40FDIC InsuredFDIC Insured Star Bank NA Bertha MN 4.6 9/29/2028 85508VAN9 0.03 9/29/2023 9/29/2028 1,003 4.600 245,000.00 245,000.00 250,274.85FDIC InsuredFDIC Insured State Bank Of India 1.65 1/21/2027 856285E31 0.03 1/21/2022 1/21/2027 386 1.650 245,000.00 245,000.00 240,068.15FDIC InsuredFDIC Insured State Exchange Bank Lamont Oklahoma 4.25 4/20/2028856786AQ1 0.03 4/20/2023 4/20/2028 841 4.250 245,000.00 245,000.00 247,812.60FDIC InsuredFDIC Insured Summit National Bank WY 4.5 8/10/2028 86616RAG0 0.03 8/10/2023 8/10/2028 953 4.500 245,000.00 245,000.00 251,389.60FDIC InsuredFDIC Insured Synchrony Bank 3.2 5/20/2027 87165EW45 0.03 5/20/2022 5/20/2027 505 3.200 245,000.00 245,000.00 243,571.65FDIC InsuredFDIC Insured Technology Credit Union 5 4/14/2026 87868YAM5 0.03 4/14/2023 4/14/2026 104 5.000 245,000.00 245,000.00 245,828.10NCUA InsuredNCUA Insured Texas Exchange Bank SSB 3.65 9/20/202988241TSX9 0.03 9/20/2024 9/20/2029 1,359 3.650 245,000.00 245,000.00 243,564.30FDIC InsuredFDIC Insured Texas Trust Credit Union 5 8/9/2027 88283MCB8 0.03 8/9/2023 8/9/2027 586 5.000 245,000.00 245,000.00 250,120.50NCUA InsuredNCUA Insured Third Federal Savings & Loan Cleveland 3.75 9/88413QHX9 0.03 9/19/2025 9/19/2030 1,723 3.750 245,000.00 245,000.00 243,748.05FDIC InsuredFDIC Insured Thread Bank Rogersville 4.4 6/16/202888553LAP4 0.03 6/16/2023 6/16/2028 898 4.400 245,000.00 245,000.00 253,146.25FDIC InsuredFDIC Insured Toyota Financial SGS BK 0.95 7/15/202689235MLC3 0.03 7/15/2021 7/15/2026 196 0.950 245,000.00 245,000.00 241,496.50FDIC InsuredFDIC Insured Triad Bank 4.5 9/12/2028 89579NCM3 0.03 9/12/2023 9/12/2028 986 4.500 245,000.00 245,000.00 249,642.75FDIC InsuredFDIC Insured True Sky Federal Credit Union 4.55 5/17/202989786MAJ3 0.03 5/17/2024 5/17/2029 1,233 4.550 245,000.00 245,000.00 250,799.15NCUA InsuredNCUA Insured Trugrocer Federal CU 4.85 6/20/2028 89788RAA9 0.03 6/20/2023 6/20/2028 902 4.850 245,000.00 245,000.00 251,392.05NCUA InsuredNCUA Insured Trustar Bank 4.75 11/22/2028 89839KAD7 0.03 11/22/202311/22/2028 1,057 4.750 245,000.00 245,000.00 251,529.25FDIC InsuredFDIC Insured TTCU Federal Credit Union 5 7/26/202889854LAD5 0.03 7/26/2023 7/26/2028 938 5.000 245,000.00 245,000.00 252,492.10NCUA InsuredNCUA Insured Tucson Federal Credit 4.95 8/8/2028 898812AB8 0.03 8/8/2023 8/8/2028 951 4.950 245,000.00 245,000.00 252,261.80NCUA InsuredNCUA Insured UBS Bank USA 0.95 8/11/2026 90348JR93 0.03 8/11/2021 8/11/2026 223 0.950 245,000.00 245,000.00 241,055.50FDIC InsuredFDIC Insured United Fidelity BK FSB 4.5 6/29/2028910286GN7 0.03 6/29/2023 6/29/2028 911 4.500 245,000.00 245,000.00 253,011.50FDIC InsuredFDIC Insured United Teletech Finance Credit Union 5 10/16/2028913065AB4 0.03 10/16/202310/16/2028 1,020 5.000 245,000.00 245,000.00 252,989.45NCUA InsuredNCUA Insured University Bank NA 4.85 4/3/2028 914098DQ8 0.03 4/3/2023 4/3/2028 824 4.850 245,000.00 245,000.00 250,951.05FDIC InsuredFDIC Insured Univest Bank & Trust Co 4.35 5/12/2028 91527PBY2 0.03 5/12/2023 5/12/2028 863 4.350 245,000.00 245,000.00 248,410.40FDIC InsuredFDIC Insured US Alliance FCU 4.55 5/26/2028 90352RDB8 0.03 5/26/2023 5/26/2028 877 4.550 245,000.00 245,000.00 249,571.70NCUA InsuredNCUA Insured USF Federal Credit Union 3.8 11/29/2030 90353ECU5 0.03 11/28/202511/29/2030 1,794 3.800 245,000.00 245,000.00 244,171.90FDIC InsuredFDIC Insured Utah First Fed Credit 4.75 7/14/2028 91739JAA3 0.03 7/14/2023 7/14/2028 926 4.750 245,000.00 245,000.00 254,437.40NCUA InsuredNCUA Insured Valleystar Credit Union 4.85 8/30/202892023CAG8 0.03 8/30/2023 8/30/2028 973 4.850 245,000.00 245,000.00 255,074.40NCUA InsuredNCUA Insured Vision Bank 4.05 5/12/2028 92834ABT2 0.03 5/12/2023 5/12/2028 863 4.050 245,000.00 245,000.00 246,749.30FDIC InsuredFDIC Insured Vystar Credit Union 4.45 10/7/2027 92891CCR1 0.03 10/7/2022 10/7/2027 645 4.450 245,000.00 245,000.00 248,234.00FDIC InsuredFDIC Insured Workers Federal Credit Union 5.2 10/30/202898138MCA6 0.03 10/30/202310/30/2028 1,034 5.200 245,000.00 245,000.00 254,444.75NCUA InsuredNCUA Insured Sub Total / Average CD | Negotiable | 30 % 4.15 843 4.185 30,380,000.0030,380,000.0030,827,227.90 Joint Powers Authority Pool | 25 %
California Asset Management Trust LGIP CAMP 19.18 7/5/2023 N/A 1 3.950 140,507,588.52140,507,588.52140,507,588.52NR S&P-AAA Sub Total / Average Joint Powers Authority Pool | 25 % 19.18 1 3.950 140,507,588.52140,507,588.52140,507,588.52 LAIF CITY - Per Account | 75M
LAIF | City of Burbank LGIP-QuarterlyLAIF9113 9.28 6/30/2018 N/A 1 4.251 68,000,000.0068,000,000.0068,131,211.51NR NR LAIF | Parking Authority LGIP-Quarterly LAIF9004 3.14 6/30/2018 N/A 1 4.251 23,000,000.0023,000,000.0023,044,380.36NR NR Sub Total / Average LAIF CITY - Per Account | 75M 12.42 1 4.251 91,000,000.0091,000,000.0091,175,591.87 Medium Term Note | 30 %
Accenture Capital INC 4.05 10/4/2029-2900440KAB9 0.41 10/8/2024 10/4/2029 1,373 4.313 3,000,000.002,964,900.003,010,860.00Moodys-Aa3S&P-AA- Adobe Inc 2.3 2/1/2030-29 00724PAD1 0.41 5/14/2025 2/1/2030 1,493 4.441 3,000,000.002,729,400.002,808,900.00Moodys-A1S&P-A+ Alphabet Inc 4 5/15/2030-30 02079KAK3 0.41 5/27/2025 5/15/2030 1,596 4.412 3,000,000.002,945,250.003,006,330.00Moodys-Aa2S&P-AA+ Amazon 1.2 6/3/2027-27 023135BR6 0.41 6/8/2022 6/3/2027 519 3.530 3,000,000.002,682,967.172,898,720.00Moodys-A1S&P-AA Apple INC 2.2 9/11/2029-29 037833DP2 0.41 10/23/20249/11/2029 1,350 4.212 3,000,000.002,736,000.002,829,720.00Moodys-AaaS&P-AA+ 446
Description CUSIP/Ticker % of Portfolio Settlement Date Maturity Date Days To Maturity YTM @ Cost Face Amount/Shares Cost Value Market Value Credit Rating 1 Credit Rating 2 Automatic Data Processing 1.25 9/1/2030-30 053015AF0 0.41 10/7/2025 9/1/2030 1,705 4.014 3,000,000.00 2,634,432.00 2,653,200.00 Moodys-Aa3 S&P-AA- Berkshire Hathaway 2.3 3/15/2027-27 084664CZ2 0.41 3/15/2022 3/15/2027 439 2.300 3,000,000.00 3,000,000.00 2,952,750.00 Moodys-Aa2 S&P-AA Blackrock Funding INC 4.7 3/14/2029-29 09290DAA9 0.41 4/12/2024 3/14/2029 1,169 5.000 3,000,000.00 2,961,030.00 3,066,660.00 Moodys-Aa3 S&P-AA- BMW US Capital LLC 1.25 8/12/2026-26 05565EBW4 0.41 2/14/2022 8/12/2026 224 2.300 3,000,000.00 2,866,200.00 2,952,240.00 Moodys-A2 S&P-A Brown University 1.914 9/1/2030-30 11575TAB4 0.41 10/3/2025 9/1/2030 1,705 3.980 3,000,000.00 2,725,930.14 2,719,860.00 Moodys-Aa1 S&P-AA+ Cargill INC 4.125 10/23/2030-30 141781CF9 0.41 12/9/2025 10/23/2030 1,757 4.240 3,000,000.00 2,984,820.00 2,987,010.00 Moodys-A2 S&P-A Caterpillar Financial Services 1.7 1/8/2027 14913R2U0 0.41 3/11/2022 1/8/2027 373 2.430 3,000,000.00 2,900,826.00 2,940,390.00 Moodys-A2 S&P-A Coca Cola Co 2.125 9/6/2029-29 191216CM0 0.41 11/13/2024 9/6/2029 1,345 4.468 3,000,000.00 2,698,440.00 2,825,190.00 Moodys-A1 S&P-A+ Cornell University 4.169 6/15/2030-30 219207AD9 0.41 11/25/2025 6/15/2030 1,627 3.946 3,000,000.00 3,027,600.00 3,011,190.00 Moodys-Aa1 S&P-AA Costco Wholesale Corp 1.6 4/20/2030-30 22160KAP0 0.41 5/27/2025 4/20/2030 1,571 4.417 3,000,000.00 2,631,422.34 2,717,370.00 Moodys-Aa3 S&P-AA Dartmouth College 4.273 6/1/2030-30 89837RAE2 0.41 9/26/2025 6/1/2030 1,613 4.085 3,000,000.00 3,023,760.00 3,026,400.00 Moodys-Aa1 S&P-AAA Emory University 2.143 9/1/2030-30 29157TAD8 0.18 10/30/2025 9/1/2030 1,705 4.068 1,321,000.00 1,210,339.83 1,208,450.80 Moodys-Aa2 S&P-AA Guardian Life Global Funding 5.737 10/2/2028 40139LBH5 0.41 10/5/2023 10/2/2028 1,006 5.807 3,000,000.00 2,991,000.00 3,129,990.00 Moodys-Aa1 S&P-AA+ Hershey Company 2.45 11/15/2029-29 427866BD9 0.41 12/23/2024 11/15/2029 1,415 4.650 3,000,000.00 2,713,968.46 2,829,480.00 Moodys-A1 S&P-A Home Depot Inc 1.5 9/15/2028-28 437076CH3 0.41 9/29/2023 9/15/2028 989 5.200 3,000,000.00 2,520,000.00 2,830,170.00 Moodys-A2 S&P-A Honeywell International 4.875 9/1/2029-29 438516CQ7 0.41 10/22/2024 9/1/2029 1,340 4.364 3,000,000.00 3,066,270.00 3,081,900.00 Moodys-A2 S&P-A John Deere Capital Corp 3.35 4/18/2029 24422EWE5 0.41 4/18/2024 4/18/2029 1,204 5.115 3,000,000.00 2,768,970.00 2,942,850.00 Moodys-A1 S&P-A Kimberly-Clark Corp 3.2 4/25/2029-29 494368BZ5 0.41 4/29/2024 4/25/2029 1,211 5.152 3,000,000.00 2,745,210.00 2,926,950.00 Moodys-A2 S&P-A Mars INC 0.875 7/16/2026-26 571676AJ4 0.27 8/11/2021 7/16/2026 197 1.110 1,995,000.00 1,972,516.35 1,963,897.95 Moodys-A2 S&P-A Mars Inc 4.55 4/20/2028-28 571676AT2 0.27 8/21/2023 4/20/2028 841 5.240 2,000,000.00 1,943,400.00 2,024,840.00 Moodys-A2 S&P-A Mass Institute of Tech 3.308 7/1/2026-14 575718AD3 0.41 1/21/2022 7/1/2026 182 1.780 3,000,000.00 3,195,000.00 2,994,750.00 Moodys-Aaa S&P-AAA Massmutual Global Funding 1.2 7/16/2026 57629WDE7 0.41 7/16/2021 7/16/2026 197 1.180 3,000,000.00 3,002,880.00 2,956,290.00 Moodys-Aa3 S&P-AA+ Mercedes-Benz Finance3.1 8/15/2029-29 233851DW1 0.41 10/8/2024 8/15/2029 1,323 4.613 3,000,000.00 2,804,580.00 2,882,880.00 Moodys-A2 S&P-A Merck & Co INC 4.15 9/15/2030-30 58933YBQ7 0.41 12/10/2025 9/15/2030 1,719 4.137 3,000,000.00 3,001,500.00 3,010,680.00 Moodys-Aa3 S&P-A+ Met Life Global 1.875 1/11/2027 59217GER6 0.27 2/8/2022 1/11/2027 376 2.350 2,000,000.00 1,956,047.61 1,959,880.00 Moodys-Aa3 S&P-AA- Met Tower Global Funding 1.25 9/14/2026 58989V2D5 0.17 10/25/2021 9/14/2026 257 1.530 1,228,000.00 1,211,866.41 1,205,699.52 Moodys-Aa3 S&P-AA- Meta Platforms INC 4.6 5/15/2028-28 30303M8L9 0.41 10/4/2023 5/15/2028 866 5.220 3,000,000.00 2,924,400.00 3,055,320.00 Moodys-Aa3 S&P-AA- National Securities Clearing 5 5/30/2028-28 637639AK1 0.41 8/21/2023 5/30/2028 881 5.323 3,000,000.00 2,959,380.00 3,070,890.00 Moodys-Aa1 S&P-AA+ Nestle Capital Corp 4.65 3/12/2029 64105MAA9 0.27 4/15/2024 3/12/2029 1,167 5.091 2,000,000.00 1,962,020.00 2,047,320.00 Moodys-Aa3 S&P-AA- Nestle Holdings Inc 1.15 1/14/2027-26 641062AV6 0.27 2/8/2022 1/14/2027 379 2.230 2,000,000.00 1,899,620.00 1,947,140.00 Moodys-Aa3 S&P-AA- Netflix 4.875 6/15/2030-30 64110LAV8 0.41 9/25/2025 6/15/2030 1,627 4.150 3,000,000.00 3,092,250.00 3,075,690.00 Moodys-A3 S&P-A New York Life Global FDG 0.85 1/15/2026 64952WDW0 0.41 7/1/2021 1/15/2026 15 1.100 3,000,000.00 2,966,880.00 2,996,820.00 Moodys-Aa1 S&P-AA+ Nike INC 2.85 3/27/2030-29 654106AK9 0.41 12/10/2025 3/27/2030 1,547 4.094 3,000,000.00 2,854,200.00 2,861,430.00 Moodys-A2 S&P-A+ Northwest Mutual Global 1.75 1/11/2027 66815L2F5 0.27 2/14/2022 1/11/2027 376 2.300 2,000,000.00 1,949,204.75 1,958,080.00 Moodys-Aa1 S&P-AA+ Novartis Capital Corp 3.8 9/18/2029-29 66989HAT5 0.41 12/23/2024 9/18/2029 1,357 4.642 3,000,000.00 2,893,500.00 2,985,240.00 Moodys-Aa3 S&P-AA- Paccar Financial Corp 4 9/26/2029 69371RT48 0.41 12/23/2024 9/26/2029 1,365 4.716 3,000,000.00 2,909,221.83 3,003,930.00 Moodys-A1 S&P-A+ Paypal Holdings INC 2.3 6/1/2030-30 70450YAH6 0.41 12/5/2025 6/1/2030 1,613 4.111 3,000,000.00 2,779,350.00 2,777,910.00 Moodys-A3 S&P-A- Pepsico Inc 2.75 3/19/2030-29 713448ES3 0.41 4/8/2025 3/19/2030 1,539 4.430 3,000,000.00 2,778,240.00 2,848,110.00 Moodys-A1 S&P-A+ Pfizer Inc 2.625 4/1/2030-30 717081EW9 0.41 11/6/2025 4/1/2030 1,552 4.130 3,000,000.00 2,819,866.92 2,830,710.00 Moodys-A2 S&P-A Presidents and Fellows of Harvard 4.887 3/15/2030- 740816AS2 0.41 4/16/2025 3/15/2030 1,535 4.576 3,000,000.00 3,040,755.70 3,094,050.00 Moodys-Aaa S&P-AAA Pricoa Global Funding 1.2 9/1/2026 74153WCP2 0.27 9/23/2021 9/1/2026 244 1.180 2,000,000.00 2,001,900.00 1,964,520.00 Moodys-Aa3 S&P-AA- Pricoa Global Funding 1.2 9/1/2026 74153WCP2 0.14 10/4/2021 9/1/2026 244 1.300 1,000,000.00 995,256.00 982,260.00 Moodys-Aa3 S&P-AA- Procter & Gamble 1.2 10/29/2030 742718FM6 0.41 12/9/2025 10/29/2030 1,763 3.950 3,000,000.00 2,636,430.00 2,640,960.00 Moodys-Aa3 S&P-AA- Qualcomm Inc 4.5 5/20/2030-30 747525BU6 0.41 5/22/2025 5/20/2030 1,601 4.541 3,000,000.00 2,994,540.00 3,049,530.00 Moodys-A2 S&P-A Roche Holdings INC 4.79 3/8/2029 771196CJ9 0.41 4/17/2024 3/8/2029 1,163 5.133 3,000,000.00 2,955,780.00 3,071,880.00 Moodys-Aa2 S&P-AA Stanford University 4.146 8/1/2030-30 09659DAC0 0.41 8/13/2025 8/1/2030 1,674 4.124 3,000,000.00 3,002,975.75 3,016,260.00 Moodys-Aaa S&P-AAA Target Corp 1.95 1/15/2027-22 87612EBM7 0.41 1/31/2022 1/15/2027 380 1.950 3,000,000.00 3,000,000.00 2,946,060.00 Moodys-A2 S&P-A Texas Instruments INC 2.25 9/4/2029-29 882508BG8 0.41 10/22/2024 9/4/2029 1,343 4.307 3,000,000.00 2,731,590.00 2,826,240.00 Moodys-Aa3 S&P-A+ Toyota Motor Credit Corp 4.65 1/5/2029 89236TLL7 0.39 4/10/2024 1/5/2029 1,101 4.975 2,882,000.00 2,842,689.52 2,934,394.76 Moodys-A1 S&P-A+ Toyota Motor Credit Corp 5.25 9/11/2028-23 89236TLB9 0.27 10/5/2023 9/11/2028 985 5.550 2,000,000.00 1,974,330.00 2,070,200.00 Moodys-A1 S&P-A+

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Description CUSIP/Ticker % of Portfolio Settlement Date Maturity Date Days To Maturity YTM @ Cost Face Amount/Shares Cost Value Market Value Credit Rating 1 Credit Rating 2 Trustees Princeton University 4.647 7/1/2030-30 89837LAJ4 0.41 10/7/2025 7/1/2030 1,643 4.034 3,000,000.00 3,078,090.00 3,069,840.00 Moodys-Aaa S&P-AAA Unilever Capital Corp 4.875 9/8/2028-28 904764BS5 0.27 9/25/2023 9/8/2028 982 5.210 2,000,000.00 1,971,020.00 2,053,340.00 Moodys-A1 S&P-A+ United Parcel Service 2.5 9/1/2029-29 911312BU9 0.41 10/10/2024 9/1/2029 1,340 4.290 3,000,000.00 2,765,220.00 2,846,640.00 Moodys-A2 S&P-A University of Chicago 4.947 4/1/2029-29 91412NBH2 0.41 10/25/2024 4/1/2029 1,187 4.377 3,000,000.00 3,068,100.00 3,075,660.00 Moodys-Aa2 S&P-AA- Walmart INC 4.35 4/28/2030-30 931142FN8 0.41 5/13/2025 4/28/2030 1,579 4.360 3,000,000.00 2,998,620.00 3,047,340.00 Moodys-Aa2 S&P-AA Walt Disney Co 2 9/1/2029-29 254687FL5 0.41 12/23/2024 9/1/2029 1,340 4.644 3,000,000.00 2,669,130.00 2,805,000.00 Moodys-A2 S&P-A Yale University 1.482 4/15/2030-30 98459LAB9 0.41 10/9/2025 4/15/2030 1,566 3.990 3,000,000.00 2,691,817.17 2,705,970.00 Moodys-Aaa S&P-AAA Sub Total / Average Medium Term Note | 30 % 23.40 1,166 3.992 171,426,000.00 164,822,903.95 168,014,233.03 Money Market | 20 %
Morgan Stanley Institutional Liquidity Fund - Gov. 61747C319 0.44 7/29/2022 N/A 1 3.730 3,209,722.07 3,209,722.07 3,209,722.07 Moodys-Aaa S&P-AAA Sub Total / Average Money Market | 20 % 0.44 1 3.730 3,209,722.07 3,209,722.07 3,209,722.07 Municipal Bonds | 30 %
Bay Area Toll Authority 1.433 4/1/2027-21 072024XD9 0.11 6/16/2022 4/1/2027 456 4.200 815,000.00 718,023.15 793,435.10 Moodys-Aa3 S&P-AA
Beverly Hills Public Financing Authority 1.147 6/1 088006KA8 0.25 3/14/2022 6/1/2026 152 2.280 1,800,000.00 1,718,478.00 1,781,514.00 NR S&P-AA+ Burbank CA Unified School District 1.367 8/1/2026 12082SDN1 0.08 11/10/2022 8/1/2026 213 5.050 620,000.00 543,324.60 611,295.20 Moodys-Aa2 None CA St Public Wks Brd Lease Revenue 4.879 4/1/2029 13068XLL1 0.12 4/17/2024 4/1/2029 1,187 5.031 900,000.00 894,078.00 924,039.00 Moodys-Aa3 S&P-A+ Ca State Health Facilities Financing Authority 1.3 13032UXP8 0.17 6/7/2022 6/1/2027 517 3.620 1,255,000.00 1,127,178.25 1,216,258.15 Moodys-Aa3 S&P-AA- Ca State Health Facilities Financing Authority 3.0 13032UC30 0.14 4/7/2022 6/1/2026 152 3.044 1,000,000.00 1,000,000.00 997,440.00 Moodys-Aa3 S&P-AA- CA State University Revenue 1.138 11/1/2026-20 13077DMM1 0.07 6/14/2022 11/1/2026 305 3.900 500,000.00 444,875.00 489,965.00 Moodys-Aa2 S&P-AA- CA State University Revenue 1.142 11/1/2026-21 13077DQE5 0.07 6/16/2022 11/1/2026 305 4.171 540,000.00 475,200.00 529,178.40 Moodys-Aa2 S&P-AA- California State Public Works Board Lease Review 4 13068XNV7 0.14 4/17/2025 4/1/2030 1,552 4.833 1,000,000.00 1,000,000.00 1,028,310.00 Moodys-Aa3 S&P-A+ Colorado State Housing and Finance Authority 4.761 19648GJD5 0.33 6/18/2024 5/1/2029 1,217 4.838 2,435,000.00 2,427,110.60 2,498,991.80 Moodys-Aaa S&P-AAA Hawaii State 1.283 8/1/2026-21 419792G26 0.41 6/15/2022 8/1/2026 213 3.624 3,000,000.00 2,732,940.00 2,958,870.00 Moodys-Aa2 S&P-AA+ Maryland State 3.15 6/1/2026 574193VR6 0.41 6/22/2022 6/1/2026 152 3.351 3,000,000.00 2,977,950.00 2,993,880.00 Moodys-Aa1 S&P-AAA Massachusetts State School Building Authority 1.13 576000ZF3 0.25 4/25/2022 8/15/2026 227 3.300 1,800,000.00 1,644,678.00 1,772,586.00 Moodys-Aa1 S&P-AA+ Massachusetts State Special Obligation Revenue 3.6 576004HD0 0.27 8/30/2022 7/15/2027 561 3.680 2,000,000.00 2,000,000.00 2,000,540.00 Moodys-Aa1 NR New York State 2.36 2/15/2027-19 649791PS3 0.41 5/4/2022 2/15/2027 411 3.309 3,000,000.00 2,874,990.00 2,959,020.00 Moodys-Aa1 S&P-AA+ New York State Dormitory Authority 1.187 3/15/2026 64990FD50 0.10 6/23/2021 3/15/2026 74 1.187 750,000.00 750,000.00 746,040.00 NR S&P-AA+ New York Urban Development 2.35 3/15/2027-19 64985TBB6 0.27 4/22/2022 3/15/2027 439 3.500 2,000,000.00 1,897,260.00 1,969,540.00 Moodys-Aa1 NR New York Urban Development 3.15 3/15/2027-17 6500357E2 0.15 4/6/2022 3/15/2027 439 3.120 1,125,000.00 1,126,518.75 1,119,397.50 Moodys-Aa1 NR NY Dormitory Authority 1.538 3/15/2027-21 64990FD68 0.32 3/18/2022 3/15/2027 439 2.740 2,365,000.00 2,233,198.55 2,306,608.15 NR S&P-AA+ NY Housing Development 1.161 5/1/2026 64972EVX4 0.11 6/9/2022 5/1/2026 121 3.662 770,000.00 700,700.00 763,824.60 Moodys-Aa2 S&P-AA+ NYC Transitional Finance Authority 2.11 5/1/2026 64971XLR7 0.15 6/24/2021 5/1/2026 121 1.100 1,100,000.00 1,152,349.00 1,093,565.00 Moodys-Aa1 S&P-AAA NYC Transitional Finance Authority Revenue 1.55 5/ 64971XSY5 0.55 5/3/2023 5/1/2028 852 4.330 4,000,000.00 3,505,320.00 3,803,880.00 Moodys-Aa1 S&P-AAA Oregon State Lottery 4.982 4/1/2029-24 68607V5P6 0.11 5/1/2024 4/1/2029 1,187 4.982 810,000.00 810,000.00 838,414.80 Moodys-Aa2 S&P-AAA Oregon State Lottery Revenue 3.321 4/1/2027-22 68607V3L7 0.10 5/4/2022 4/1/2027 456 3.321 750,000.00 750,000.00 746,992.50 Moodys-Aa2 S&P-AAA San Diego Public Facilities Financing Authority 2. 79730CJL9 0.34 8/26/2022 8/1/2027 578 3.737 2,520,000.00 2,324,851.20 2,456,647.20 Moodys-Aa2 NR San Francisco Redev Agy Successor Agy 1.861 8/1/20 79770GJC1 0.41 12/17/2021 8/1/2026 213 1.550 3,000,000.00 3,041,430.00 2,969,760.00 NR S&P-AA Santa Barbara Unified School District 1.603 8/1/20 801315LK6 0.05 9/29/2023 8/1/2028 944 5.240 400,000.00 338,512.00 379,364.00 Moodys-Aa1 S&P-AA Santa Monica Malibu Unified 1.404 8/1/2029 802498ZD0 0.30 11/7/2024 8/1/2029 1,309 4.420 2,200,000.00 1,919,346.00 2,019,820.00 Moodys-Aa1 S&P-AA+ Santa Monica-Malibu Unified School District 0.849 802498ZA6 0.11 4/20/2022 8/1/2026 213 3.039 810,000.00 739,287.00 796,797.00 Moodys-Aa1 S&P-AA+ State of California 5.125 9/1/2029 13063EBP0 0.41 10/22/2024 9/1/2029 1,340 4.164 3,000,000.00 3,125,460.00 3,138,390.00 Moodys-Aa2 S&P-AA- State of California 6 3/1/2030-23 13063D3Q9 0.41 4/3/2025 3/1/2030 1,521 4.180 3,000,000.00 3,240,000.00 3,244,830.00 Moodys-Aa2 S&P-AA- State of Connecticut 3.875 6/15/2028-22 20772KQL6 0.43 9/19/2023 6/15/2028 897 4.870 3,150,000.00 3,018,582.00 3,161,875.50 Moodys-Aa2 S&P-AA- State of Connecticut 4.506 5/15/2028-23 20772KTK5 0.14 6/22/2023 5/15/2028 866 4.506 1,000,000.00 1,000,000.00 1,018,040.00 Moodys-Aa2 S&P-AA- State of Maine 4.75 6/1/2028 56052AJ49 0.04 6/22/2023 6/1/2028 883 4.641 325,000.00 326,553.50 332,436.00 Moodys-Aa1 S&P-AA State of Oregon 4.912 5/1/2029-24 68609UJS5 0.14 5/14/2024 5/1/2029 1,217 4.912 1,000,000.00 1,000,000.00 1,038,130.00 Moodys-Aa1 S&P-AA+ Tennessee State School Bond Authority 1.515 9/15/2 8805573E1 0.41 5/9/2022 9/15/2026 258 3.450 3,000,000.00 2,766,420.00 2,953,890.00 Moodys-Aa1 S&P-AA+ Univ of California Revenues 3.309 5/15/2026-21 91412GXC4 0.26 1/28/2022 5/15/2026 135 1.830 1,900,000.00 2,015,577.00 1,897,093.00 Moodys-Aa2 S&P-AA

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Description CUSIP/Ticker % of Portfolio Settlement Date Maturity Date Days To Maturity YTM @ Cost Face Amount/Shares Cost Value Market Value Credit Rating 1 Credit Rating 2 University of California CA Revenues 1.316 5/15/20 91412HGF4 0.41 5/16/2022 5/15/2027 500 3.600 3,000,000.00 2,689,140.00 2,903,550.00 Moodys-Aa2 S&P-AA University of California Revenues 1.372 5/15/2028- 91412HJP9 0.06 10/4/2023 5/15/2028 866 5.200 450,000.00 380,128.50 426,208.50 Moodys-Aa2 S&P-AA University of California Revenues 3.909 5/15/2029- 91412GXU4 0.59 5/17/2024 5/15/2029 1,231 4.618 4,330,000.00 4,194,427.70 4,330,476.30 Moodys-Aa3 S&P-AA- Utah State Transit Authority 1.411 12/15/2026-21 917567GA1 0.12 5/4/2022 12/15/2026 349 3.550 890,000.00 809,624.10 871,986.40 Moodys-Aa2 S&P-AA+ Utah State Transit Authority 1.411 12/15/2026-21 917567GA1 0.13 5/20/2022 12/15/2026 349 3.750 965,000.00 871,009.00 945,468.40 Moodys-Aa2 S&P-AA+ West Hollywood CA Lease Revenue 1.95 4/1/2027-20 95332RDK2 0.12 5/25/2022 4/1/2027 456 3.800 895,000.00 822,263.35 875,301.05 NR S&P-AA+ Wisconsin State 2.141 5/1/2027-27 97705MZM0 0.21 1/30/2023 5/1/2027 486 3.777 1,525,000.00 1,427,814.94 1,498,770.00 Moodys-Aa1 S&P-AA+ Wisconsin State 2.141 5/1/2027-27 97705MZD0 0.20 1/30/2023 5/1/2027 486 3.777 1,475,000.00 1,381,001.33 1,448,096.00 Moodys-Aa1 S&P-AA+ Sub Total / Average Municipal Bonds | 30 % 10.40 641 3.697 76,170,000.00 72,935,599.52 75,650,514.55 Supranational Obligations | 15 %
IBRD Supranational 0.6 2/18/2026-22 45905U5Y6 0.41 2/18/2021 2/18/2026 49 0.600 3,000,000.00 3,000,000.00 2,987,070.00 Moodys-Aaa S&P-AAA IBRD Supranational 0.65 2/10/2026-21 459058JS3 0.41 2/10/2021 2/10/2026 41 0.650 3,000,000.00 3,000,000.00 2,989,890.00 Moodys-Aaa S&P-AAA IBRD Supranational 0.875 4/20/2026 4581X0DV7 0.41 4/20/2021 4/20/2026 110 0.940 3,000,000.00 2,990,490.00 2,974,170.00 Moodys-Aaa S&P-AAA IBRD Supranational 1.5 1/13/2027 4581X0EB0 0.41 1/13/2022 1/13/2027 378 1.530 3,000,000.00 2,995,680.00 2,935,110.00 Moodys-Aaa S&P-AAA IBRD Supranational 4.125 1/29/2029 45818WEZ5 0.41 2/7/2024 1/29/2029 1,125 4.200 3,000,000.00 2,989,950.00 3,013,590.00 Moodys-Aaa S&P-AAA IBRD Supranational 4.125 2/15/2029 4581X0EN4 0.41 2/26/2024 2/15/2029 1,142 4.430 3,000,000.00 2,959,441.67 3,043,770.00 Moodys-Aaa S&P-AAA Intl Bk Recon & Develop 0.875 7/15/2026 459058JX2 0.41 11/16/2021 7/15/2026 196 1.200 3,000,000.00 2,955,888.00 2,955,120.00 Moodys-Aaa S&P-AAA Intl Bk Recon & Development 3.875 10/16/2029 459058LN1 0.41 10/16/2024 10/16/2029 1,385 3.966 3,000,000.00 2,987,760.00 3,021,000.00 Moodys-Aaa S&P-AAA Intl Bk Recon & Development 3.875 2/14/2030 459058KQ5 0.41 2/14/2025 2/14/2030 1,506 4.579 3,000,000.00 2,906,517.00 3,017,220.00 Moodys-Aaa S&P-AAA Intl Finance Corp 0.75 10/8/2026 45950KCX6 0.41 1/12/2022 10/8/2026 281 1.550 3,000,000.00 2,890,732.98 2,933,730.00 Moodys-Aaa S&P-AAA Intl Finance Corp 4.375 3/27/2029 45950VSZ0 0.41 4/12/2024 3/27/2029 1,182 4.683 3,000,000.00 2,959,500.00 3,070,470.00 Moodys-Aaa S&P-AAA Sub Total / Average Supranational Obligations | 15 % 4.50 672 2.575 33,000,000.00 32,635,959.65 32,941,140.00 US Agency | 90 %
FAMC 2.11 1/10/2030 31422BSF8 0.42 1/14/2025 1/10/2030 1,471 4.650 3,060,000.00 2,717,451.36 2,873,523.60 Moodys-Aa1 S&P-AA+ FFCB 1.54 11/30/2026-22 3133ENFN5 0.41 11/30/2021 11/30/2026 334 1.540 3,000,000.00 3,000,000.00 2,945,640.00 Moodys-Aa1 S&P-AA+ FFCB 1.78 1/26/2027-23 3133ENLZ1 0.41 1/26/2022 1/26/2027 391 1.780 3,000,000.00 3,000,000.00 2,943,900.00 Moodys-Aa1 S&P-AA+ FFCB 4.18 2/12/2030-26 3133ETR90 0.41 12/9/2025 2/12/2030 1,504 4.214 3,000,000.00 2,996,250.00 2,995,380.00 Moodys-Aa1 S&P-AA+ FHLB 0.6 1/28/2026-21 3130AKPC4 0.41 1/28/2021 1/28/2026 28 0.600 3,000,000.00 3,000,000.00 2,993,490.00 Moodys-Aa1 S&P-AA+ FHLB 0.625 1/22/2026-21 3130AKQ74 0.41 1/22/2021 1/22/2026 22 0.625 3,000,000.00 3,000,000.00 2,994,930.00 Moodys-Aa1 S&P-AA+ FHLB 0.65 2/26/2026-21 3130AKZ25 0.41 2/26/2021 2/26/2026 57 0.650 3,000,000.00 3,000,000.00 2,986,470.00 Moodys-Aa1 S&P-AA+ FHLB 0.75 2/24/2026-21 3130ALCV4 0.41 2/24/2021 2/24/2026 55 0.750 3,000,000.00 3,000,000.00 2,987,190.00 Moodys-Aa1 S&P-AA+ FHLB 0.8 3/16/2026-21 3130ALDN1 0.41 3/16/2021 3/16/2026 75 0.800 3,000,000.00 3,000,000.00 2,982,720.00 Moodys-Aa1 S&P-AA+ FHLB 0.85 5/27/2026-22 3130AMLF7 0.41 5/27/2021 5/27/2026 147 0.850 3,000,000.00 3,000,000.00 2,966,130.00 Moodys-Aa1 S&P-AA+ FHLB 0.875 3/23/2026-21 3130ALGC2 0.41 3/23/2021 3/23/2026 82 0.875 3,000,000.00 3,000,000.00 2,982,000.00 Moodys-Aa1 S&P-AA+ FHLB 0.9 8/26/2026-22 3130ANLZ1 0.41 8/26/2021 8/26/2026 238 0.900 3,000,000.00 3,000,000.00 2,947,860.00 Moodys-Aa1 S&P-AA+ FHLB 0.92 9/30/2026-22 3130AP2P9 0.41 9/30/2021 9/30/2026 273 0.920 3,000,000.00 3,000,000.00 2,940,960.00 Moodys-Aa1 S&P-AA+ FHLB 1 10/14/2026-22 3130AP6U4 0.41 10/14/2021 10/14/2026 287 1.000 3,000,000.00 3,000,000.00 2,938,380.00 Moodys-Aa1 S&P-AA+ FHLB 1.01 9/23/2026-22 3130ANW71 0.41 9/23/2021 9/23/2026 266 1.010 3,000,000.00 3,000,000.00 2,947,740.00 Moodys-Aa1 S&P-AA+ FHLB 1.05 6/26/2026-21 3130AMWT5 0.41 6/30/2021 6/26/2026 177 1.064 3,000,000.00 2,997,900.00 2,962,800.00 Moodys-Aa1 S&P-AA+ FHLB 1.08 10/14/2026-22 3130AP6Z3 0.41 10/14/2021 10/14/2026 287 1.080 3,000,000.00 3,000,000.00 2,940,450.00 Moodys-Aa1 S&P-AA+ FHLB 1.1 10/13/2026-22 3130APB87 0.41 10/14/2021 10/13/2026 286 1.167 3,000,000.00 2,990,250.00 2,942,550.00 Moodys-Aa1 S&P-AA+ FHLB 1.1 10/21/2026-22 3130APAY1 0.30 10/21/2021 10/21/2026 294 1.121 2,200,000.00 2,197,800.00 2,156,242.00 Moodys-Aa1 S&P-AA+ FHLB 1.125 7/15/2026-21 3130AMYP1 0.41 7/15/2021 7/15/2026 196 1.125 3,000,000.00 3,000,000.00 2,959,710.00 Moodys-Aa1 S&P-AA+ FHLB 1.15 10/26/2026-21 3130AP4H5 0.41 10/26/2021 10/26/2026 299 1.150 3,000,000.00 3,000,000.00 2,940,690.00 Moodys-Aa1 S&P-AA+ FHLB 1.4 11/16/2026-22 3130APL37 0.41 11/16/2021 11/16/2026 320 1.400 3,000,000.00 3,000,000.00 2,943,570.00 Moodys-Aa1 S&P-AA+ FHLB 1.45 11/23/2026-21 3130APPW9 0.41 11/23/2021 11/23/2026 327 1.450 3,000,000.00 3,000,000.00 2,943,870.00 Moodys-Aa1 S&P-AA+ FHLB 1.5 11/23/2026-21 3130APVJ1 0.41 11/23/2021 11/23/2026 327 1.500 3,000,000.00 3,000,000.00 2,946,360.00 Moodys-Aa1 S&P-AA+ FHLB 1.5 11/23/2026-21 3130APQB4 0.41 11/23/2021 11/23/2026 327 1.500 3,000,000.00 3,000,000.00 2,944,710.00 Moodys-Aa1 S&P-AA+ FHLB 1.55 12/22/2026-22 3130AQ5C3 0.41 12/22/2021 12/22/2026 356 1.550 3,000,000.00 3,000,000.00 2,942,310.00 Moodys-Aa1 S&P-AA+

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449
Description CUSIP/Ticker% of PortfolioSettlement DateMaturity DateDays To MaturityYTM @ CostFace Amount/SharesCost Value Market Value Credit Rating 1Credit Rating 2 FHLB 1.6 12/17/2026-22 3130APXT7 0.41 12/17/202112/17/2026 351 1.600 3,000,000.003,000,000.002,946,270.00Moodys-Aa1S&P-AA+ FHLB 1.61 12/30/2026-22 3130AQ5P4 0.41 12/30/202112/30/2026 364 1.610 3,000,000.003,000,000.002,944,170.00Moodys-Aa1S&P-AA+ FHLB 1.625 12/30/2026-22 3130AQAB9 0.41 12/30/202112/30/2026 364 1.625 3,000,000.003,000,000.002,940,870.00Moodys-Aa1S&P-AA+ FHLB 1.8 1/14/2027 3130AQBS1 0.41 1/14/2022 1/14/2027 379 1.800 3,000,000.003,000,000.002,946,390.00Moodys-Aa1S&P-AA+ FHLB 1.85 2/17/2027-22 3130AQNS8 0.41 2/17/2022 2/17/2027 413 1.850 3,000,000.003,000,000.002,943,330.00Moodys-Aa1S&P-AA+ FHLB 1.9 2/17/2027-22 3130AQPE7 0.41 2/17/2022 2/17/2027 413 1.900 3,000,000.003,000,000.002,944,860.00Moodys-Aa1S&P-AA+ FHLB 1.9 2/23/2027-23 3130AQTC7 0.41 2/23/2022 2/23/2027 419 1.900 3,000,000.003,000,000.002,944,110.00Moodys-Aa1S&P-AA+ FHLB 2 2/25/2027-22 3130AQRH8 0.41 2/25/2022 2/25/2027 421 2.000 3,000,000.003,000,000.002,947,740.00Moodys-Aa1S&P-AA+ FHLB 2 2/25/2027-22 3130AQRQ8 0.41 2/25/2022 2/25/2027 421 2.000 3,000,000.003,000,000.002,946,450.00Moodys-Aa1S&P-AA+ FHLB 2.05 2/25/2027-22 3130AQUY7 0.41 2/25/2022 2/25/2027 421 2.050 3,000,000.003,000,000.002,948,820.00Moodys-Aa1S&P-AA+ FHLB 2.14 2/25/2027-22 3130AQW58 0.33 2/25/2022 2/25/2027 421 2.203 2,400,000.002,392,800.002,361,456.00Moodys-Aa1S&P-AA+ FHLB 2.2 3/29/2027-23 3130ARB34 0.41 3/29/2022 3/29/2027 453 2.200 3,000,000.003,000,000.002,950,890.00Moodys-Aa1S&P-AA+ FHLB 2.2 3/4/2027-22 3130AQVH3 0.41 3/4/2022 3/4/2027 428 2.200 3,000,000.003,000,000.002,951,340.00Moodys-Aa1S&P-AA+ FHLB 2.25 3/4/2027-22 3130AQX65 0.41 3/4/2022 3/4/2027 428 2.250 3,000,000.003,000,000.002,955,180.00Moodys-Aa1S&P-AA+ FHLB 2.3 3/29/2027-23 3130ARBF7 0.41 3/29/2022 3/29/2027 453 2.300 3,000,000.003,000,000.002,954,400.00Moodys-Aa1S&P-AA+ FHLB 2.5 2/25/2027-22 3130AQYG2 0.41 2/28/2022 2/25/2027 421 2.500 3,000,000.003,000,000.002,963,310.00Moodys-Aa1S&P-AA+ FHLB 2.5 3/10/2027-22 3130AQYY3 0.41 3/10/2022 3/10/2027 434 2.500 3,000,000.003,000,000.002,962,950.00Moodys-Aa1S&P-AA+ FHLB 2.6 3/25/2027-22 3130AR7E5 0.41 3/25/2022 3/25/2027 449 2.600 3,000,000.003,000,000.002,964,720.00Moodys-Aa1S&P-AA+ FHLB 2.75 3/25/2027-22 3130ARAB7 0.41 3/30/2022 3/25/2027 449 2.750 3,000,000.003,000,000.002,969,520.00Moodys-Aa1S&P-AA+ FHLB 2.75 3/8/2027-22 3130AQZT3 0.41 3/8/2022 3/8/2027 432 2.750 3,000,000.003,000,000.002,967,360.00Moodys-Aa1S&P-AA+ FHLB 3 3/25/2027-22 3130ARDV0 0.41 4/8/2022 3/25/2027 449 3.000 3,000,000.003,000,000.002,979,120.00Moodys-Aa1S&P-AA+ FHLB 3 4/20/2026-22 3130ARGN5 0.41 6/2/2022 4/20/2026 110 3.304 3,000,000.002,967,000.002,994,450.00Moodys-Aa1S&P-AA+ FHLB 3 4/21/2027-22 3130ARGE5 0.41 4/21/2022 4/21/2027 476 3.000 3,000,000.003,000,000.002,979,390.00Moodys-Aa1S&P-AA+ FHLB 3.5 4/28/2027-22 3130ARPB1 0.41 4/28/2022 4/28/2027 483 3.500 3,000,000.003,000,000.002,987,400.00Moodys-Aa1S&P-AA+ FHLB 3.75 5/26/2027-23 3130ARYT2 0.41 5/26/2022 5/26/2027 511 3.750 3,000,000.003,000,000.002,994,360.00Moodys-Aa1S&P-AA+ FHLMC 4 12/12/2030-26 3134HCGB9 0.41 12/12/202512/12/2030 1,807 4.071 3,000,000.002,990,400.002,989,020.00Moodys-Aa1S&P-AA+ FHLMC 4 5/17/2027-22 3134GXSH8 0.41 5/17/2022 5/17/2027 502 4.000 3,000,000.003,000,000.002,992,410.00Moodys-Aa1S&P-AA+ FHLMC 4.375 1/16/2030-26 3134HA2L6 0.41 1/16/2025 1/16/2030 1,477 4.635 3,000,000.002,965,500.003,000,840.00Moodys-Aa1S&P-AA+ FNMA 4.375 1/7/2030-26 3136GA4Z9 0.31 1/8/2025 1/7/2030 1,468 4.631 2,275,000.002,249,292.502,275,227.50Moodys-Aa1S&P-AA+ Sub Total / Average US Agency | 90 % 22.24 434 2.025 162,935,000.00162,464,643.86160,695,929.10 US Treasury | No Limit
T-Bond 3.875 12/31/2029 91282CGB1 0.41 1/13/202512/31/2029 1,461 4.551 3,000,000.002,910,703.133,025,440.00Moodys-Aa1S&P-AA+ T-Bond 4.375 11/30/2030 91282CJM4 0.41 12/11/2025 11/30/2030 1,795 3.787 3,000,000.003,079,200.003,086,370.00Moodys-Aa1S&P-AA+ T-Bond 4.625 9/30/2030 91282CHZ7 0.41 9/30/2025 9/30/2030 1,734 3.712 3,000,000.003,123,984.363,117,420.00Moodys-Aa1S&P-AA+ T-Bond 4.875 10/31/2030 91282CJG7 0.41 10/31/202510/31/2030 1,765 3.722 3,000,000.003,156,480.003,151,410.00Moodys-Aa1S&P-AA+ T-Note 0.5 5/31/2027 912828ZS2 0.41 6/14/2022 5/31/2027 516 3.277 3,000,000.002,621,250.002,877,540.00Moodys-Aa1S&P-AA+ T-Note 0.625 5/15/2030 912828ZQ6 0.41 5/15/2025 5/15/2030 1,596 4.176 3,000,000.002,523,750.002,632,620.00Moodys-Aa1S&P-AA+ T-Note 1.5 8/15/2026 9128282A7 0.41 6/15/2022 8/15/2026 227 3.603 3,000,000.002,757,773.442,962,110.00Moodys-Aa1S&P-AA+ T-Note 2.375 5/15/2027 912828X88 0.41 6/13/2022 5/15/2027 500 3.099 3,000,000.002,901,562.502,954,760.00Moodys-Aa1S&P-AA+ Sub Total / Average US Treasury | No Limit 3.28 1,199 3.741 24,000,000.0023,074,703.4323,807,670.00 Total / Average 100 541 3.483 732,628,310.59721,031,121.00726,829,617.04 450

INVESTMENT

PORTFOLIO

REPORT FOR
DECEMBER 31, 2025
City Council
April 7, 2026
CITY TREASURER’S
OFFICE
451

PRESENTATION SUMMARY
• Portfolio Overview
• Economic Conditions
• Outlook and Strategy
CITY TREASURER’S
OFFICE
452

PORTFOLIO

OVERVIEW
CITY TREASURER’S
OFFICE
453
$400
$450
$500
$550
$600
$650
$700
$750
City Investment Pool Combined Successor Agency and Housing Authority Historical Market Value
$727 M
$4 M
(in millions)
4 454
Portfolio Market Value by Asset Class
Portfolio Market Value
$ 727 M
5 Negotiable Certificates of Deposit, $31M
4%
Joint Powers Authority Pool, $141M
19%
Local Agency Investment Fund, $91M
13%
Corporates - Medium Term Notes, $168M
23%
Money Market, $3M

0.45%
Municipal Bonds, $76M
10%
Supranational Obligations, $33M
5%
US Agencies, $161M
22%
US Treasuries, $24M
3%
455
Compliance – Portfolio Allocation

ASSET CLASS MARKET
VALUE PORTFOLIO % LEGAL MAXIMUM POLICY LIMITS COMPLIANCE Negotiable CDs $ 31 M 4% 30% 0 to 30% 
Joint Powers Authority
Pool $ 141 M 19% No limit 0 to 25% 
Local Agency Investment
Fund (LAIF) $ 91 M 13% $75 M per
account
$225M
($75M per account) 
Corporates –
Medium Term Notes $ 168 M 23% 30% 0 to 30% 
Money Market $ 3 M ~0.5% 20% 0 to 20% 
Municipal Bonds $ 76 M 10% No limit 0 to 30% 
Supranational Obligations $ 33 M 5% 30% 0 to 15% 
US Agency $ 161 M 22% No limit 0 to 90% 
US Treasury $ 24 M 3% No limit 0 to 100% 
6 456
$143
$121
$46
$86 $97
$235
$0
$50
$100
$150
$200
$250
$300
$350
$400
0-1 Year 1-2 Years 2-3 Years 3-4 Years 4-5 Years
Maturity Range
LAIF / Money Market /
Joint Powers Authority Pool
City
Investment
Pool
(in millions)
Portfolio Duration

1.4 years
7 457

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%
Jan-14
Apr-14
Jul-14
Oct-14
Jan-15
Apr-15
Jul-15
Oct-15
Jan-16
Apr-16
Jul-16
Oct-16
Jan-17
Apr-17
Jul-17
Oct-17
Jan-18
Apr-18
Jul-18
Oct-18
Jan-19
Apr-19
Jul-19
Oct-19
Jan-20
Apr-20
Jul-20
Oct-20
Jan-21
Apr-21
Jul-21
Oct-21
Jan-22
Apr-22
Jul-22
Oct-22
Jan-23
Apr-23
Jul-23
Oct-23
Jan-24
Apr-24
Jul-24
Oct-24
Jan-25
Apr-25
Jul-25
Oct-25
Portfolio Yield 2-Year Treasury 12-Month Rolling Average LAIF Average Monthly Yield Yield

4.03%

3.75%

3.48%
With our laddering strategy,
our investment portfolio’s yield has
remained stable despite the volatility
in rates over the past several months
8 458
Income Summary
$1.9 M
in December 2025
Interest Income
9 $0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
$1,800,000
$2,000,000
459
Investment Spotlight
City of Burbank invested $3 M in a 5-year Dartmouth bond yielding 4.08% US colleges issued $34+ billion in debt in 2025, the most since 2014, in light of federal funding uncertainty and threats to their tax benefits Dartmouth College
• $9 billion endowment, rated Aa1 by Moody’s and AAA by S&P’s • Bond proceeds to be used for general purposes including capital expenses.

Plans include renewing and building residence halls, energy transition investments, and Title IX projects
• Commitment to affordability – zero parent contribution and no loans for families with annual income below $125,000
• Deemed as “the Ivy League’s Switzerland” by The New Yorker, citing its institutional neutrality and restraint and commitment to free expression 10 460
CITY TREASURER’S
OFFICE

ECONOMIC

CONDITIONS
461
Job Market
12 There have been fluctuating job gains
and losses in the past few months,
although March job growth has
exceeded expectations
Driven by expanding insurance access
and an aging population, healthcare
has accounted for 77% of new jobs in
the last two years
Unemployment
Rate at 4.3%
462
Inflation
Inflation held steady in February, but
the war in the Middle East may risk
global inflation, as energy, food, and
transportation prices increase
US cattle herd at lowest level in 75
years – 100% ground beef now
~$6.75/lb - up 17% from a year ago
13 Inflation has exceeded
the Fed’s 2% target for
5 years now
463
Oil Prices
14 The “largest supply disruption in the
history of the global oil market” has
resulted in oil prices increasing by
~50% since the war started
However, with the US becoming
more energy efficient and less energy
intensive, the impact on the US, now
also the world’s largest oil and gas
producer, is less noticeable
Average Price in CA
is $5.93 per gallon
464
Income and Wealth
15 While the “core”middle class has
shrunk, the share of Americans in the
upper-middle class increased from
10% in 1979 to 31% in 2024
There are 430,000 US households
worth at least $30M, and 74,000
households worth at least $100M
Share of Families in Each Class – 1979, 2001, 2024
465
Housing Market
16 There are 46% more home sellers
than buyers in the US housing market
in February, up from 30% a year ago
For the first time, the oldest
Americans (70+) held a larger share
of real estate wealth than middle-
aged Americans (40-54)
The average homeowner
tenure is 12 years
nationwide, but 20 years in
the Los Angeles area
466
Asset Prices and Recession Probability
Gold has also dropped from
its highs with expectations
of higher rates
Even with the current turmoil,
economists see only a 32%
chance of a recession in the
next year
17 With the conflict, the
S&P has pulled back
from historic highs
467
CITY TREASURER’S
OFFICE

OUTLOOK AND

STRATEGY
468
5-Year Treasury Yields
US Treasury yields remain volatile,
with uncertainty surrounding the war,
inflation, and interest rates
19 469
Federal Reserve
20 With renewed fears of inflation since
the onset of the war, the probability
of at least one Fed rate cut by the
end of the year has decreased
While most Fed officials still expect
at least one rate cut by the end of
the year, markets are not ruling out a
possible rate hike 470
IMF World Economic Outlook
21 471
Continuing Strategy
• Comprehensive due diligence and credit monitoring
• Diversification of investments across asset classesSafety • Investing operating funds in short-term assets
• Matching maturities with cash flow needsLiquidity
• Strategic allocation to capture yield opportunities
• Locking in long-term rates to generate future incomeYield 22 472
Questions?
Krystle Palmer
City Treasurer
(818) 238-5880
[email protected]

CITY TREASURER’S
OFFICE
473
1 STAFF REPORT
DATE: April 7, 2026
TO: Justin Hess, City Manager
FROM: Patrick Prescott, Community Development Department Director VIA: Maribel Leyland, Ass istant Community Development Director – Housing & Homeless Services
BY: Kasey Lee, Housing Development Manager
SUBJECT: Discussion and Update on Measure A Los Angeles County Affordable Housing Solutions Agency Funding

RECOMMENDATION
Provide direction to staff on possible Measure A projects and programs.

BACKGROUND
In 2017, Los Angeles County voters approved Measure H, which established a quarter - cent sales tax to fund homeless services and programs. U nder Measure H, the City has received an annual allocation of approximately $350,000 for the Local Solutions Funds program, and an annual allocation of approximately $100,000 for the Homeless Incentive Program.

In November 2024, voters approved Measure A, which repeal ed and replaced Measure H, and increased the sales tax from a quarter cent to a half cent. With the implementation of Measure A, Measure H concluded on June 30, 2025, and Measure A began July 1, 2025.

Under Measure A, the City will continue to receive the above-mentioned Local Solutions Funds previously received under Measure H.1 However, the above-mentioned Homeless 1 Local Solutions Funds are used for staffing/case management at the Safe Navigation and Storage Center, hotel/motel vouchers, rental assistance, security deposit assistance, and reunification assistance. Homeless Incentive Program funds are used to as sist housing voucher holders with security deposit assistance, holding fees, credit check and application fees, and essential items such as furniture.

COMMUNITY

DEVELOPMENT
Reports to Council
Item #3
474
2 City will no longer receive funds for this program. In addition to the Local Solutions Funds, the City will receive a new funding source administered through the Los Angeles County Affordable Housing Solutions Agency (LACAHSA). LACAHSA funds will be managed by the Burbank Glendale Pasadena Regional Housing Trust ( Trust). The agreement between LACAHSA and the Trust is via a M emorandum of Understanding (MOU) (Attachment 1).

DISCUSSION
Measure A LACAHSA funding is intended to support affordable housing development and homeless prevention programs. This new source of funds, described further in the next section, cannot be utilized for the construction or operations of shelters or housing for people experiencing homelessness. Additionally, these funds cannot be used to support most of the City’s current homeless services and programs such as case management, motel/hotel vouchers , security deposits, outreach services, etc. The City’s proposed Homeless Solutions Center construction and operation are also ineligible for these funds.

Other ineligible uses of the LACAHSA funds are included in the Measure A LACAHSA Ineligible Uses document (Attachment 2).

Project and Program Funds
The City will continue to receive Local Solutions Funds annually to continue existing programs and services such as case management services, hotel/motel vouchers, security deposit assistance, reunification assistance, etc. The addition of LACAHSA funds provides the City with resources to fund new programs and projects to support affordable housing development and homeless prevention services/programs. T he funds are separated into three main funding categories with eligible use examples in the chart below:

To implement Council goals, and the Council -approved Five-Year Homelessness Plan (adopted November 2022), staff recommends developing a spending plan that includes the eligible uses noted in the chart . Suggested projects and programs may include, but are not limited to:

Production, Preservation, & Ownership Renter Protection & Homeless Prevention Technical Assistance Eligible Uses Include Direct Project
Investments, Rent and Operating
Subsidies, Ownership Products, and
Housing Preservation
Eligible Uses Include Legal Services and
Renter Education, Emergency Rental and
Flexible Financial Assistance, and
Temporary Rental Assistance
Eligible Uses Include Direct Technical
Assistance Programming, Program Design,
Administration, Monitoring and Evaluation
Administrative Funds Totaling $187,600 Admistrative Funds Totaling $268,800 Administrative Funds Totaling $158,900 Incentive Program will conclude at the close of the fiscal year (June 30, 2026), and the 475
3 Based on Council’s direction to explore potential programs within these general funding priorities, staff will develop the parameters of a proposed program and return to Council for program approval. The City’s high-level budget has been approved by LACAHSA, and the City will be eligible to receive the LACAHSA funding allocation upon execution of the subrecipient agreement between the City and the Trust, which is expected to be finalized in May 2026.

As per Council’s prior direction and in alignment with Council’s established goals and priorities, Council may wish to consider continuing and enhancing the efforts of the housing enforcement unit that are highlighted earlier on the page including low- income legal grants, mediation services, and housing clinics.
1) For Production, Preservation & Ownership (PPO) funds: Direct project investments to support the development and preservation of affordable housing including:
• Facilitating projects in the pipeline including gap financing for new rental and homeownership projects
• Offering r ent and operating subsidies for extremely low -income housing with development partners
• Developing ownership assistance programs including downpayment assistance
• Offering housing preservation activities such as rehabilitation and accessibility improvements, including partnerships on City-owned and non- vacant sites
2) For Renter Protection & Homeless Prevention (RPHP) funds: Options for programs include:
• Coordinated set of legal services and tenant education programs such as the efforts already started with the Housing Enforcement Unit • Emergency rental assistance, flexible and temporary financial assistance • Enhanced relocation assistance for qualified households • Programs to stabilize housing for vulnerable households and prevent homelessness delivered through a combination of City -administered programs and subrecipient partnerships
3) For Technical Assistance (TA) funds:
• Technical assistance and administrative support for our service providers , including program design, implementation
• Monitoring and evaluation to strengthen service provider capacity, ensure compliance with Measure A requirements, and support effective delivery and oversight of funded programs
476
4 Administrative Funds
One area to highlight is that LACAHSA funds allow for administrative expenses for staffing and related administrative expenses and that a portion of the administrative budget must also be used for administrative/staffing expenses for Measure A LACAHSA -funded subrecipients or partnering agencies. Staff has identified the need to create two new Administrative Analyst II positions through this new funding source to administer new programs and projects utilizing Measure A funds . The estimated annual cost is $132,923.80 per position, which will be fully funded with LACAHSA funds.

One
of these positions will be responsible for administering the Production, Preservation, and Ownership funds and the other will be responsible for administering the Renter Protection Homeless Prevention funds. Both positions will be responsible for communication, coordination, programming, contract oversight , and budget oversight.

The addition of these two new positions, along with the appropriation of associated Measure A funds, will be included for Council’s consideration as part of the City’s FY 2026-27 budget process.

E
stimated Allocations and Measure A Timeframe
There is no sunset on Measure A funds. Funds are expected to be received indefinitely unless the tax is repealed by voters. However, allocations will vary based on sales tax revenues. The City’s preliminary FY 2025-26 LACAHSA funding allocation is $3,016,686.

Of this, $75,417 is committed to the Trust to administer the funds, bringing the total allocation to the City to approximately $2,941,269. A FY 2025-26 budget was created by the Trust and submitted to LACAHSA (Attachment 3).

L
ACAHSA is in the process of determining the logistical framework for the distribution of Measure A funds , therefore, staff does not expect to receive funds until FY 2026- 27.

Subsequently, FY 2025-26 funds received under Measure H will be rolled into FY 2026- 27 programming. Staff expects the FY 2026-27 LACAHSA appropriation to be approximately the same amoun t for a total of $6,033,372 for two years. Funds may be requested either in advance, subject to LACAHSA’s availability of funds (the receipt of sales tax revenues), or on a reimbursement basis. Advance funding requests are limited to fiscal years for which LACAHSA has already received Measure A sales tax revenues.

S
pecific uses of funds will align with community and Council goals and priorities, and as projects and programs are finalized, they will be presented to the Council for review and consideration. Recruiting for the two new positions now will allow staff to be prepared and proactive once the FY 2026-27 budget is adopted and funds are received. 477
5 ENVIRONMENTAL REVIEW
Providing input on a Measure A preliminary spending plan does not have the potential to cause a significant effect on the environment and do not qualify as a “project” under the California Environmental Quality Act (CEQA) 14 Cal. Code Regs § 15378.

ISCAL IMPACT
While Measure A funds may offset some General Fund expenditures, there is no financial impact on the General Fund. The use of LA CAHSA Measure A funds may result in potential savings to the General Fund by supporting programs and services currently funded with General Fund resources such as the Housing Rights Center contract which consists of guidance and resources for the general Burbank public related to landlord/tenant issues, and workshops and clinics ; and the L ow-Income Legal Grant Assistance program which provides grants for legal representation for low-income tenants and landlords. As projects and programs are developed for Council’s consideration, the fiscal impact of each project or program will be presented to Council.

NCLUSION
This staff report provides an update on Los Angeles County’s transition from Measure H to Measure A, which doubles the sales tax for homeless services and introduces a new funding stream through the Los Angeles County Affordable Housing Solutions Agency (LACAHSA). While the City will continue receiving Local Solutions Funds for existing homeless services, new LACAHSA funds - estimated at roughly $2.9 million annually - are restricted to affordable housing development and homelessness prevention (not direct homeless services or shelters). Staff recommends developing a spending plan focused on three areas: affordable housing production/preservation, renter protection and homelessness prevention, and technical assistance for program delivery. To administer these new programs, staff proposes adding two grant -funded analyst positions.

Programming is expected to begin in FY 2026- 27 and will be ongoing, with flexibility to support Council priorities while potentially offsetting some General Fund costs.

TACHMENTS
Attachment 1 – Memorandum of Understanding Between LACAHSA and the Trust Attachment 2 – Measure A LACAHSA Funds – Ineligible Uses Attachment 3 – Burbank-Glendale-Pasadena Regional Housing Trust Budget 478
ATTACHMENT 1 - 1
479
ATTACHMENT 1 - 2
480
ATTACHMENT 1 - 3
481
ATTACHMENT 1 - 4
482
ATTACHMENT 1 - 5
483
the Burbank-Glendale-Pasdena Regional Housing Trust
Dima Galkin
Trust Manager
Elena Q. Gerli, General Counsel
10/31/2025
ATTACHMENT 1 - 6
484
ATTACHMENT 2 – 1
Attachment 2
Measure A LACAHSA Funds
Ineligible Uses

Measure A Los Angeles County Affordable Housing Solutions Agency (LACAHSA) funds are designated for production and preservation of affordable housing, homeless prevention, and renter protection. LACAHSA funds cannot be used for programs, services or projects that support current homeless. Examples of ineligible uses include but are not limited to:

• Construction or rehabilitation of facilities supporting homeless including homeless shelters, transitional housing, emergency housing, and congregate or non- congregate shelters
• Operations, programming or staffing expenses related to homeless facilities • Programs and services supporting homeless
• Encampment resolution / clean up
• Outreach staffing
• Hotel/motel vouchers
• Case management for homeless

For more information on ineligible uses, please visit:

https://lacahsa.gov/wp-content/uploads/2025/10/LACAHSA-Transitional- Guidelines_September-2025.pdf

485
ATTACHMENT 3 – 1
Attachment 3

Measure A Los Angeles County Affordable Housing Solutions Agency (LACAHSA) Burbank-Glendale-Pasadena Regional Housing Trust Budget – Fiscal Year 2025-26 (Includes Burbank and Pasadena)

486
Overview of Measure A
LACAHSA Fund for
Council Feedback on
Programming
City Council
April 7, 2026

COMMUNITY

DEVELOPMENT
487
Background & Purpose
• Measure A repealed and replaced Measure H
• Increased the sales tax from a quarter cent
to a half cent
• Measure H concluded June 30, 2025
• Measure A began July 1, 2025
• There is no sunset on Measure A funds
• No direct local return
2488
Measure A Programs
3489
Homeless Programming- Local Solutions
Fund & General Fund
• Measure A Local Solutions Fund (not
Measure A LACAHSA funds): Hotel/motel
vouchers, rental and security deposit
assistance, reunification assistance, case
management
• Homeless Outreach and Engagement
(Allied)
• General Fund: Proposed increased services
to include intensive case management
4490
Measure A LACAHSA Ineligible Uses
Construction or
Rehabilitation of
Homeless Facilities
Operations Related to
Homelessness
Programs and
Services Supporting
Homeless
5491
• Direct Project Investments
Affordable Housing Projects Underway
Gap Financing
• Rent and Operating Subsidies for Extremely Low -Income • Ownership Products
Downpayment Assistance
• Housing Preservation
Rehabilitation and Accessibility Improvements
Eligible Uses – Production, Preservation
and Ownership (PPO)
6492
Eligible Uses – Renter Protection &
Homeless Prevention (RPHP)
• Legal Assistance and Renter Education
Lifting People Up (current program)
Housing Rights Center (current program)
Low Income Legal Grants (current program)
• Emergency Rental and Flexible Financial
Assistance
Rental Assistance (current program)
Relocation Expenses
• Temporary Rental Assistance
Rental Assistance & Utility Assistance (up to 6
months)

• Technical Assistance Subcategory
7493
Fiscal Year 2025-26 Allocation
8494
Recommendation and Next Steps
• Provide direction and feedback on
LACAHSA eligible uses
• Based on direction, staff will return
with each proposed project or
program utilizing Measure A funding
for Council consideration
9495
Kasey Lee
Housing Development Manager
Community Development
[email protected]

Contact
10496
1 STAFF REPORT
DATE: April 7, 2026
TO: Justin Hess, City Manager
FROM: Patrick Prescott, Community Development Department Director VIA: Simone McFarland, Assistant Community Development Director BY: Kasey Lee, Housing Development Manager
SUBJECT: Update on Homelessness Programs and the Homeless Solutions Center; Approval to Withdraw the Request for Grant Funding from the Burbank - Glendale-Pasadena Regional Housing Trust Joint Power Authority; and Discussion of Potential Options for Property Previously Slated for Homeless Solutions Center

RECOMMENDATION

1. Direct the City Manager, or his designee to withdraw the grant funding request made to the Burbank-Glendale-Pasadena Regional Housing Trust (BGPRHT) in the amount of $3,450,000.

BACKGROUND
In December 2022, the City’s Five-Year (2022- 2027) Homelessness Plan (Plan) was approved by Council. The Plan included a goal to create interim housing that would include shelters and/or transitional housing including studio suites. Furthermore, the Plan included a strategy to implement a Safe Parking Program.

On April 9, 2024, Council approved moving forward with the development of a Homeless Solution Center located at 211, 323-333 S. Front Street and 10 East Verdugo Avenue. In

COMMUNITY

DEVELOPMENT
Reports to Council
Item #4
497
2 BGPRHT to help fund the develop ment of the Project . On May 1, 2024, the BGPRHT board approved the request.

The proposed Project currently encompasses 211, 323, and 333 S. Front Street , 10 E.

Verdugo Avenue, and a portion of the adjacent downtown Burbank Metrolink Parking Lot. advanced. The project would provide 48 studio home suites (tiny homes) and four ADA units (totaling 52 units) along with 16 SAFE parking spaces. The current SAFE storage is proposed to be incorporated into the Project. To date, the City has expended a little more than $1 million on architectural designs and environmental studies . Approximately $750,000 of these expenditures were paid with Permanent Local Housing Allocation Program (PLHA) funds. If the Project does not move forward, these PLHA funds will need to be repaid unless another housing project is constructed.

The Project is currently entitled with approved plans and completed environmental documents. The next step in the process would be to submit the environmental documents to U.S. Department of Housing and Urban Development.

During the past several years, the City has implemented a robust range of important programs and services aligned with the Five-Year Homelessness Plan. These efforts include the establishment of the Safe Navigation and Storage Center, expansion of the homeless outreach team, and the introduction of rental and relocation assistance programs, to name a few. These programs have been highly successful in reducing the amount of homelessness in Burbank.

Additionally, the City partners with several nonprofit organizations dedicated to serving individuals experiencing homelessness, including the Safe Navigation and Storage Center and the Burbank Temporary Aid Center. The Buena Vista Homeless Access Center, currently under construction, will serve as another facility focused on providing comprehensive support and resources to the homeless population. The City’s efforts focus on outreach and financially supporting our partners so that people can be referred to them for services.

DISCUSSION
Status of the Homeless Solutions Center
During the design process, the preliminary construction budget projection, provided by the architect , estimate d the total costs at $16,978,789. Staff initially identified approximately $10 million in potential funding sources, including $3,450,000 in BGPRHT funds and $1,671,978 in Community Development Block Grant (CDBG) funds , which have strict spending deadlines. To meet these spending deadlines , Council reallocated $1,671,978 of CDBG funds during the FY 2024-25 budget to Burbank’s Home Again Los Angeles (HALA) Access Center, a project that began construction in February 2026. addition, Council authorized staff to request $3,450,000 in grant funding from the 498
3 Despite staff’s efforts to secure additional funds to complete the project, a funding source for the remaining $8 million or more needed to complete construction has not been identified. In addition to these initial development costs, it is estimated that it will cost an additional $1.6 million or more per year to retain a service provider. Current estimates for the completion of the Project remain influx as estimated costs have continued to increase with inflation and construction demand. Staff does not have a current construction cost estimate at this time.

It was anticipated that the new Measure A funding source, Los Angeles County Affordable Housing Solutions Agency (LACAHSA), would help offset both one- time and ongoing funding requirements for the Project. However, this new source of funds cannot be utilized for ongoing operations of homeless serv ices, capital improvements for transitional housing or any other program, service, project, or operation for people experiencing homelessness.1 Eligible uses for Measure A LACAHSA funds include the production of housing, preservation of housing, and homelessness prevention.

I
n the past, LA County helped fund services through a day -rate payment system funded through Measure H. These funds have been depleted and as a result, the County has been forced to reduce or stop providing several homeless housing services. In February 2026, the LA County Board of Supervisors made nearly $200 million in cuts to homeless services and approved the closure of 13 Pathway Home motel sites by the end of Fiscal Year 2027-28.

B
ased on escalating construction and operating costs and the County’s reduction of funding for homeless services, a current lack of funding for the Project , and the expectation that there will be no foreseeable funding from the County through Measure A, staff recommends pivoting and looking for alternative uses for the site while continuing to partner with BTAC, Salvation Army, Allied Universal, and other services agencies to enhance the City’s homelessness services effort . A status update on the Project and included recommendations was provided to the Affordable Housing Committee on March 1 The City of Burbank’s allocation of Measure A LACAHSA funds is managed by BGPRHT . More information on the Trust’s administration of Measure A LACAHSA funds can be found at https://www.bgphousingtrust.org/measure-a. Measure A Local Solutions Funds (LSF) could be used for operations, but staff suspects that requirements will remove this proposed use in the future and if LSF was programmed toward services to the Front Street project, other services would have to be discontinued. See Proposed Program enhancements below.

Development One-Time Cost
• Current Funding** $ 8,625,837
• Project Cost $ 16,978,789
• Deficit $ 8,252,952
Reoccurring Operational Costs are estimated to be $1.6M+ 499
4 16, 2026. The answers to their questions and request for more information are included in this report.
202
6 Point-In-Time Count
The Point-in-Time (PIT) Count is an annual census conducted to estimate the number of people experiencing homelessness on a single night. It provides critical data used by communities and policymakers to understand trends, allocate resources, and evaluate the effectiveness of homelessness programs. The PIT Count is sponsored by LAHSA and coordinated by City staff; volunteers conduct the actual count.

T
he City conducted the 2026 PIT Count on January 20, 2026. Although results will not be published until May or June 2026, the preliminary data suggests an overall decrease in unsheltered homelessness by approximately 29% from the previous year. The number of people living on the streets appears to have increased slightly, while the number of vehicle dwellers declined significantly This shift is largely attributed to continued outreach efforts and enforcement strategies aimed at connecting individuals with services and reducing unsafe living conditions.

T
he Point -in-Time (PIT) Count data indicates that homelessness is stabilizing and, in some areas, beginning to decline. A 29% overall reduction in unsheltered homelessness from 2025 to 2026 suggests that coordinated efforts (outreach, service connections, and enforcement when absolutely necessary) are having a measurable impact. While there was a small increase of five individuals living on the streets (totaling 51), this marginal change is outweighed by the significant decrease of 5 6 vehicle dwellers, pointing to a broader shift away from unsheltered living situations. These trends suggest that, despite minor fluctuations within subgroups, the overall trajectory reflects progress in reducing and stabilizing homelessness.

I
n August 2025, City staff conducted an internal survey to better understand the need for and interest in housing and safe parking among the unsheltered homeless population. All unsheltered individuals were surveyed, including 68 people living on the streets and 83 individuals living in their vehicles.

A
mong those living on the streets, 53% indicated they would accept housing, and of those living in their vehicles, 30% expressed interest in safe parking. Applying these percentages to the current homeless population /Point-In-Time Count results , it is estimated that approximately 27 (53% of 51) individuals living on the streets may accept housing, and 17 (30% of 56) individuals currently living in vehicles may be interested in safe parking.

I
t is important to note that this is a subjective survey, and the results cannot be considered conclusive. A dditionally, both housing and safe parking programs include eligibility 500
5 requirements and program rules, and not all individuals may qualify or want to go through a pre-screening process that requires them to sign a document to adhere to structured rules at the parking or housing facility.

Coor
dinated Homeless Services and Initiatives
The Homeless Services Team continues to partner with the robust network of housing and safe parking providers to provide services to Burbank’s unhoused population. Since the inception of the City’s Five -Year Homelessness Plan, the City has made significant strides to advance the efforts detailed in the plan:
1) B
urbank HALA Access Center : Construction of the project at 2244 N. Buena Vista (Old Fire Station # 13 / former Boys and Girls Club location) began in February 2026. The project includes four transitional housing suites for families and will be completed early 2027 along with wrap- around services that include:
case management, financial literacy courses, employment connections, assistance with rental relief, support in signing up for the County’s general relief program and applying for utility financial assistance.
2) Outreach/Ambassador Services: In October 2024, Council approved hiring Allied Universal to provide homeless outreach services, and ambassador services for the City’s parks and libraries. These programs have been successful and were funded again in FY 2025 -26 and work together on homelessness concerns and have relationships that make each individual unit stronger. a. Homeless Outreach: T he Homeless Outreach staff include s one supervisor and four homeless outreach liaisons who provide coverage seven days a week. They have been working closely with the City’s internal Homelessness Services Team and have been proven to be successful, helping 51 individuals find housing, rehabilitation and/or return to their loved ones since the beginning of their contract.
b. Park Patrol Program: The Park and Recreation Department utilizes three security ambassadors and a roving supervisor to provide patrols seven days a week . As part of their duties, they engage with the unsheltered and complete a warm handoff to the Homeless Outreach Team to provide referrals and services.
c. Library Ambassador Program: The Library Services Department provides uniformed security presence at the libraries. There are two ambassadors stationed at the libraries.
d. Library Social Work Services: The Library Services Department has a dedicated library social worker who provides referrals and resources for those experiencing homelessness.
e. Burbank Police Department Mental Health Evaluation Team (MHET):

The Police Department has a Mental Health Evaluation Team that consists of a police officer, social worker, and administrative analyst. The team is 501
6 dedicated to assisting those with mental health concerns, including the homeless. This team works in close collaboration with the homeless services team and coordinates with community services providers. Over the past year the program has expanded its hours of operation to provide coverage six days per week , enhancing ability to respond proactively, conduct outreach, and provide timely support to individuals in need. f. City Internal Homelessness Services Team: The City implemented a multi-departmental team comprised of representatives from the Community Development, Fire, Library Services, Parks and Recreation, Police, and Public Works Departments, as well as Allied Universal, that meets regularly to discuss the City’s homelessness strategies and review specific cases.

This collaborative effort ensures timely sharing of information, coordination of services, and a holistic approach to maximize efforts and improve outcomes.
3) Burbank Temporary Aid Center – Increased Services: With HALA’s Acquisition of the Burbank Temporary Aid Center (BTAC), the City has increased our funding and HALA has increased homeless services including:
a. Extending the hours of operations from 9:00am to 12:00 pm to 9 :00am to 5:00pm.
b. Adding additional hours to the shower program, from six hours per week to 26 hours per week. The showers are by appointment but, if available, will welcome a walk-in. This is funded by the City via an agreement with HALA. c. L aundry facilities times have been increased to Monday through Friday (five days a week) where they were only available Monday and Friday (two days a week) before. This is also funded by the City via an agreement with HALA. d. An additional grocery store has been brought on as a partner to provide more grocery donations.
e. Increased hours of operation to include the first Saturday of each month to help those Burbank households unable to come Monday through Friday due to work commitments.
4) Case Management System : In July 2025, the City implemented a data management application, that allow s the City to more efficiently track and report homeless data. This system enables staff to coordinate services, monitor individual client needs, and link individuals to appropriate resources.

M
easure A – Local Solutions Fund
In addition to the critical programs and services outlined above, the recent increase in Measure A funding will enable the City to further strengthen and expand its homeless response efforts. Specifically, the Measure A Local Solutions Fund (LSF) allocation will increase from $380,000 in FY 2025- 26 to $460,000 in FY 2026- 27. This allocation of Measure A funds is administered though the Los Angeles County Department of Homeless Services and Housing.
502
7 The addi
tional $80,000 in LSF funding will support the expansion of existing programs including:

1. Hotel and motel voucher assistance;

2. Security deposit assistance to help individuals secure permanent housing;

3. Reunification services to connect individuals with family or support systems; and

4. Enhanced case management services to promote long-term housing stability and self-sufficiency.

Los
Angeles County Affordable Housing Solutions Agency (LACAHSA) Additionally, as presented to the Council earlier, beginning in FY 2025-26, the City started to accrue Measure A funds administered through LACAHSA. The City’s FY 2025- 26 allocation is approximately $3 million, and staff anticipates receiving a comparable allocation in FY 2026- 27. Since program implementation will not commence until FY 2026-27, the FY 2025-26 allocation will roll forward and be combined with the FY 2026- 27 allocation, resulting in an estimated $6 million available for programming in FY 2026-

27. A portion of these funds , particularly those designated for larger-scale development projects, may be carried over into subsequent fiscal years to ensure sufficient resources for project completion. With Council’s direction this evening, staff will finalize a spending plan for Measure A LACAHSA funds.

G
eneral Fund Annual Appropriation for Homeless Programming Through the City’s annual budget process, Council will consider annual general fund appropriations to support key community priorities, including facility improvements to the BTAC facility, and the expansion of intensive case management services. These proposed projects and programs are being carefully evaluated and will be presented to the City Council for consideration and approval as part of the upcoming annual budget process.

Thes
e investments in homeless programming represent a significant and strategic expansion of the City’s efforts to prevent and reduce homelessness while increasing access to stable, affordable housing. By leveraging Measure A resources alongside general fund appropriations, the City is positioning itself to implement both immediate interventions and long- term housing solutions. Staff will continue to refine program recommendations, ensure alignment with community needs and priorities, and present a comprehensive funding and implementation plan to Council during the upcoming budget cycle.

A
lternative Opportunities for Front Street Location
When City Council authorized the purchase of the Front Street building on September 29, 2020, several potential uses proposed for the Property were considered, including transitional housing and/or a homeless shelter, a “re- use store”, additional Metrolink 503
8 parking, and/or affordable housing. These options, along with the possibility of selling the property, could be reconsidered in light of the current needs and priorities.

T
he City continues to face a significant need for affordable housing, including Permanent Supportive Housing and senior housing. A housing project could include project-based vouchers to reserve housing for Section 8 recipients. With the changing homeless environment and lack of funding for a shelter, Council may want to explore a housing solution that still provides a substantial benefit to the community.

VIRONMENTAL REVIEW
The report to Council for consideration of future plans and uses for the site located at 211, 323-333 S outh Front Street and 10 East Verdugo Avenue is statutorily exempt from review under the California Environmental Quality Act (CEQA), because it is a feasibility study for possible future actions that have not yet been adopted or approved by Council (CEQA Guidelines, §15262). In addition, if the Project were to proceed, it would be exempt from CEQA Guidelines, §15269 as it is an emergency project that requires specific actions necessary to prevent or mitigate an emergency. Lastly, Government Code §8698.4(a)(4) specifically states that CEQA shall not apply to actions taken by a city to lease, convey , or encumber land, or provide financial ass istance to, a homeless shelter constructed or allowed Government Code §8698.4. As previously noted, federal CDBG funds were appropriated to the project, therefore, an environmental assessment under the National Environmental Policy Act ( NEPA) was completed because of the anticipated use of those funds. However, those CDBG funds have moved to the HALA Access Center.

ISCAL IMPACT
If Council concurs with staff’s recommendation to explore alternative opportunities for the City’s use of the location, focusing on homelessness services, partnering with non-profits and looking at other alternatives for the Project site, the BGPRHT will be notified that the funds will no longer be used for this project . The approved amount was $3,450,000 and these funds could be used for another housing project.

NCLUSION
Due to a significant funding shortfall (over $8 million in capital costs plus $1.6 million+ annually for operations), the lack of viable supplemental funding sources, and rising construction costs, the previously proposed Homeless Solutions Center project is no longer viable. Therefore, staff recommends that the City pivot from the previously proposed project and explore alternative opportunities for use of the property .

Additionally, staff recommend withdrawing the $3.45 million grant request from the Burbank-Glendale-Pasadena Regional Housing Trust. Although the project is fully entitled and over $1 million has been spent on design and environmental work, ongoing 504
9 funding ( particularly for operations ) has become infeasible given changes to County funding and restrictions under Measure A.

T
he City has strengthened its homelessness response through expansive and targeted outreach services and coordinated case management construction of the HALA Access Center, enhanced services at BTAC, and new data and enforcement tools, with additional proposed program enhancements potentially funded by Measure A and the General Fund. Staff recommends focusing resources on these scalable, service-based strategies and partnerships rather than a single high-cost facility, while returning to Council at a later date with proposed options for reuse or redevelopment of the site.

TACHMENT
None.
505
Update on
Homelessness Programs
and the Homeless
Solutions Center

COMMUNITY

DEVELOPMENT
City Council
April 7, 2026
506
• Front Street
• Burbank’s Homeless Programs
Topics
2507
Project Overview
• Location: 323-333 Front Street
(Hollywood Piano and adjacent office
building); Interstate 5 Freeway to the
north and east, Metrolink Railroad to
the south, and Downtown Metrolink
Station to the west. (10 E. Verdugo)
• Lot Size: 41,500 SF
• Existing Building Size: 13,375 SF
• Proposed Housing: 18 modules, 52
Tiny Homes, and Office Building Tenant
Improvements.
• Proposed Safe Parking: 17 Safe
Parking Area Including Onsite Hygiene
Trailers

3508
Project Costs and Funding*
*As of 2/25/26
**Includes Regional Housing Trust ($7,000,000); Redevelopment Loan Repayment ($910,500) and Permanent Local Housing Allocation ($763,780).

Reoccurring Operational Costs are
estimated to be $1.6 million+
Development One -Time Cost
Current Funding** $ 8,625,837
Project Cost $ 16,978,789
Shortfall $ 8,252,952
4509
Changing Landscape
LA County
• Measure A (LACAHSA): Does not
provide funding for program services,
projects or operational expenses
• Cuts: $200 million in LA County
service dollars
5510
Comprehensive Homeless Services in Burbank
Homeless Outreach
• Homeless Outreach Team
• Park Patrol Program
• Library Ambassador Program
• Library Social Work Services
• Burbank Police Department
Mental Health Evaluation Team
(MHET)
• City Internal Homeless Services
Team
6511
Comprehensive Homeless Services in Burbank
Facilities
• Burbank’s Home Again Los Angeles Access Center
Began Construction
Includes Four Transitional Suites
Homeless Services for Families
• Burbank Temporary Aid Center
Extended Hours and Services
• The Safe Navigation and Storage Center
Shower Program
Storage Program
Case Management
7512
Comprehensive Homeless Services in Burbank
Continued
• Motel Vouchers
• Reunification Funds
• Rental and Utility Assistance
• Data Management: CaseWorthy
Annual Homeless Count
Total Unsheltered Homeless 107 People
Decrease 29%
8513
Transitions Out of Homelessness and Into Housing
9514
Homeless Services Outreach
Identify
Individual/
Location and
Engage
Assess Needs
and Offer
Services
Coordinate
Referrals and
Case
Management
Document
Efforts and
Progress
Continuous
Engagement
10515
Engagements – 2025
705
562
422
0 100
200
300
400
500
600
700
Total Engagements Ongoing Follow-up &
Re-engagement
Unique People Engaged
11516
Services Offered – 2025
Type of Service Number
Assisted
Basic Needs Support - Food, Clothing, Hygiene 304
Case Management 211
Shelter Referrals and Housing Navigation 331
Document and Benefits Assistance 396
Mental Health / Substance Abuse / Medical
Referrals 127
Employment & Workforce Referrals 63
12517
Success Stories
• Chronic street
homelessness for
approximately 20
years
• Now receiving
mental health
treatment and
showing measurable
improvement
• Partnership with
DMH HOME Team,
the Burbank Mental
Health Evaluation
Team (MHET), and
Allied Outreach
• Chronic homeless
veteran, service
resistant for two years
• Came to Burbank to
reunite with daughter
but never found her
and did not want to
leave the area
• Eventually accepted
housing in a veteran
housing program and
continues to live there

EXAMPLE

EXAMPLE
13518
Proposed Program Enhancements
• Measure A Local Solutions Fund:
o Hotel/Motel Vouchers
o Security Vouchers
o Reunification Services
o Case Management
• Measure A - Los Angeles County Affordable
Housing Solutions Agency (LACAHSA):
o $3 million for various programs
• General Fund: Proposed increased services to
include intensive case management
14519
Previously Proposed Alternative
Uses for Project Site
• Transitional Shelter
• Re-use Store
• Additional Metrolink parking
• Affordable Housing/Permanent
Supportive Housing/Senior Housing
• Sell the Property
15520
Affordable Housing
• Affordable housing is one of Burbank’s highest needs
• Often affordable housing requires some type of financial assistance to succeed, especially for lower income levels • If the City was to RFQ/RFP the site for affordable
housing, we could request specific terms
(i.e., Type of housing and affordability levels)
• We have both Measure A funds and Trust funding for
housing
16521
Staff Recommendations

1. Direct the City Manager, or his designee to
withdraw the grant funding request made to
the Burbank-Glendale-Pasadena Regional
Housing Trust (BGPRHT) in the amount of
$3,450,000; and

2. Direct staff to research alternate options for
the City-owned site located at 211, 323, and
333 S. Front Street, 10 E. Verdugo Avenue,
and a portion of the adjacent Downtown
Metrolink Parking Lot in Burbank, previously
proposed for the Homeless Solutions Center
(Project).
17522
Simone McFarland, Assistant Director
Community Development
[email protected]
Kasey Lee, Housing Development
Manager / Homeless Programs and
Services
Community Development
[email protected]

Contacts
18523

Burbank City CouncilApril 7, 2026

Burbank City Council
April 7, 2026