Agenda packet, regular meeting — Campbell City Council, May 5, 2026

City Council Agenda
City of Campbell, 70 N. First St., Campbell, California NOTE: This City Council Regular meeting will be conducted in person as well as telecommunication and is compliant with provisions of the Brown Act.

The City Council meeting will be live-streamed on Channel 26 (Xfinity) or Channel 88 (Direct TV), the City's website and on YouTube https://www.youtube.com/user/CityofCampbell for those who only wish to view the meeting.

Those members of the public wishing to provide public comment virtually are asked to register in advance at: https://www.campbellca.gov/signup. After registering, you will receive a confirmation email containing information about joining the meeting. Members of the public may attend the meeting in person at Campbell City Hall - Council Chambers.

Public comment will also be accepted via email at [email protected] until 12:00 p.m. prior to the start of the meeting. Written comments will be posted on the website and distributed to the Council. If you choose to email your comments, please indicate in the subject line “FOR PUBLIC COMMENT” and indicate the item number.

REGULAR MEETING OF THE CAMPBELL CITY COUNCIL
Tuesday, May 05, 2026 07:00 PM
City Hall Council Chamber
CALL TO ORDER/ROLL CALL
PLEDGE OF ALLEGIANCE
SPECIAL PRESENTATIONS AND PROCLAMATIONS
Please Note: Items listed under Special Presentations and Proclamations are considered ceremonial. The City Council will not take action on these matters.

Proclamation Recognizing Peace Officers Memorial Day and Declaring the Week of May 10 – 16, 2026 as National Police Week

Page 6 ends

Recommended Action
That the Mayor proclaim May 15, 2026, as ”Peace Officers Memorial Day,” and May 10 – 16, 2026 as ”National Police Week” to honor those law enforcement officers

1. 2.

3. 3.1
who have lost their lives in the line of duty for the safety and protection of others.

Proclamation for May as Water Safety Month Page 9
Recommended Action
That the Mayor proclaim the month of May 2026 as Water Safety Month for the City of Campbell.

Proclamation for Municipal Clerk's Week Page 13
Recommended Action
That the Mayor proclaim the week of May 3-9, 2026, as Municipal Clerk’s Week in the City of Campbell.

Presentation from Santa Clara Valley Transportation Authority (VTA) - Local Investment Plan Update

Page 17 ends

Recommended Action
That the City Council receive an update from the Santa Clara Valley Transportation Authority (VTA) on the Local Investment Plan relating to Senate Bill (SB) 63.

Campbell Youth Commission 2025-2026 Work Plan Review
and Accomplishments

Page 19 ends

Recommended Action
That the City Council receive a year end update from the Youth Commission on their 2025-2026 work plan and accomplishments, with a focus on outcomes from their three ad hoc groups.

COMMUNICATIONS AND PETITIONS
ORAL REQUESTS
NOTE: This portion of the meeting is reserved for persons wishing to address the City Council on any matter not on the agenda. Persons wishing to address the Council are requested, but not required to complete a Speaker’s Card. Speakers are limited to two (2) minutes. The law generally prohibits the Council from discussion or taking action on such items. However, the Council may instruct staff accordingly regarding Oral Requests.

COUNCIL ANNOUNCEMENTS
CONSENT CALENDAR

3.2 3.3

3.4 3.5

4. 5.

6. 7.

Tuesday, May 05, 2026 2 of 177
NOTE: All matters listed under consent calendar are considered by the City Council to be routine and will be enacted by one motion. There will be no separate discussion of these items unless a request is made by a member of City Council, City staff, or a member of the public. Any person wishing to speak on any item on the consent calendar should ask to have the item removed from the consent calendar prior to the time the Council votes to approve. If removed, the item will be discussed in the order in which it appears.

Minutes of City Council Special Meeting of March 31, 2026. Page 21 Recommended Action
Approve the special meeting minutes of March 31, 2026.

Minutes of City Council Executive Session Meeting of April 21, 2026.

Page 23 ends

Recommended Action
Approve the executive session meeting minutes of April 21, 2026.

Minutes of City Council Special Meeting of April 21, 2026. Page 25 Recommended Action
Approve the special meeting minutes of April 21, 2026.

Minutes of City Council Regular Meeting of April 21, 2026. Page 28 Recommended Action
Approve the regular meeting minutes of April 21, 2026.

Approving Payment of Bills and Claims Page 38
Recommended Action
Approve the bills and claims in the amount of $1,070,028.44.

Monthly Treasurer’s Report (March 2026) Page 40
Recommended Action
That the City Council review and accept the Monthly Treasurer’s Report for the month ending March 31, 2026.

Monthly Investment Transactions Report- March 2026 Page 43 Recommended Action
That the City Council review and accept the Monthly Investment Transactions Report for March 2026.

7.1 7.2

7.3 7.4

7.5 7.6

7.7 Tuesday, May 05, 2026 3 of 177
Investment Report - Quarter Ending March 31, 2026 Page 91 Recommended Action
That the City Council approve the Investment Report for the quarter ending March 31, 2026, and the report be noted and filed.

Second Reading of Ordinance 26-2346 - FY 2027 Business
License Tax Rates

Page 143 ends

Recommended Action
That the City Council take a second reading to adopt Ordinance 26-2346 amending provisions of the Campbell Municipal Code to revise the business license tax rates, effective in Fiscal Year (FY) 2027.

Approval of Tract Map No. 10689 including Acceptance of Street Dedication and Public Service Easements Shown on Said Map – 1236 West Hacienda Avenue (Resolution/Roll Call Vote)

Page 150 ends

Recommended Action
That the City Council adopt a resolution approving the Tract Map for Tract No. 10689 and accept the street dedication and public service easements offered for dedication as shown on the map for the property located at 1236 West Hacienda Avenue.

Unhoused Specialist Job Specification Update Page 157
Recommended Action
Adopt a resolution approving the revised classification specification for Unhoused Specialist.

PUBLIC HEARINGS AND INTRODUCTIONS OF ORDINANCES
NOTE: Members of the public may be allotted up to two (2) minutes to comment on any public hearing item.

Applicants/Appellants and their representatives may be allotted up to a total of five (5) minutes for opening statements and up to a total of three (3) minutes maximum for closing statements. Items requested/recommended for continuance are subject to Council’s consent at the meeting.

NEW BUSINESS
UNFINISHED BUSINESS
Prohibition on Use of City Property for Federal Civil Page 167

7.8 7.9

7.10 7.11

8. 9.

10. 10.1
Tuesday, May 05, 2026 4 of 177
Immigration Enforcement Activities
Recommended Action
Adopt a resolution adopting a City Council policy prohibiting the use of City-owned and City-operated property for federal civil immigration enforcement activities.

COUNCIL COMMITTEE REPORTS
Council Committee Reports Page 175
Recommended Action
That the City Council report on activities from their committee assignments.

ADJOURN
IMPORTANT NOTICE: Materials related to an item on this agenda submitted to the City Council after distribution of the agenda packet are available for public inspection with the agenda packet in the lobby of City Clerk’s Office, 70 N. First Street, Campbell, CA 95008, during normal business hours. These materials will also be available on the City website at https://pub-campbell.escribemeetings.com with the agenda packet following the last item of the agenda, subject to staff’s ability to post the documents prior to the meeting. All documents not posted prior to the meeting will be posted the next business day.

In compliance with the Americans with Disabilities Act, listening assistive devices are available for all meetings held in the City Council Chambers. If you require accommodation, please contact the City Clerk’s Office, (408) 866-2117, at least one week in advance of the meeting.

11. 11.1

12. Tuesday, May 05, 2026 5 of 177
City Council Report
DATE: May 5, 2026
TITLE: Proclamation Recognizing Peace Officers Memorial Day and Declaring the Week of May 10 – 16, 2026 as National Police Week
RECOMMENDED ACTION:

That the Mayor proclaim May 15, 2026, as ”Peace Officers Memorial Day,” and May 10 – 16, 2026 as ”National Police Week” to honor those law enforcement officers who have lost their lives in the line of duty for the safety and protection of others.

BACKGROUND
In 1962, President John F. Kennedy proclaimed May 15 as National Police Officer Memorial Day and the week in which May 15 falls, as National Police Week. Established by a joint resolution of Congress in 1962, National Police Week pays special recognition to those law enforcement officers who have lost their lives in the line of duty for the safety and protection of others. In 2026, National Police Week will be observed from May 10 through May 16.

DISCUSSION
In his Proclamation, President Kennedy stated, in part, “from the beginning of this Nation, law enforcement officers have played an important role in safeguarding the rights and freedoms which are guaranteed by the Constitution and in protecting the lives and property of our citizens…I invite State and local government, patriotic, civic, and educational organizations, and the people of the United States generally, to observe Peace Officers Memorial Day and National Police Week.”
By recognizing Peace Officers Memorial Day and National Police Week, the City of Campbell will be showing its gratitude towards the officers of the Campbell Police Department who strive every day to safeguard the freedoms and protect the lives and property of the Campbell community. The City will also be recognizing all those who put on a law enforcement uniform to serve their communities throughout this nation; and, more importantly, will be honoring those who died in that service.

FISCAL IMPACT
There is no fiscal impact associated with approving this proclamation.

PREPARED BY: Captain Brad Rice
Item 3.1
Tuesday, May 05, 2026 6 of 177

Report Approval Details
Document Title: Report - Proclamation of Law Enforcement Memorial Day - National Police Week.docx
Attachments: Police Week Proclamation 2026.docx
Final Approval
Date:

April 28, 2026
This document and all of its attachments were approved and signed as outlined below:

Gary Berg, Police Chief
Will Fuentes, Finance Director
Andrea Sanders, City Clerk
Angelique Gaeta, Assistant City Manager
Item 3.1
Tuesday, May 05, 2026 7 of 177

PROCLAMATION
OF THE

MAYOR OF THE CITY OF CAMPBELL

WHEREAS, the United States Congress and President of the United States have designated May 10-16, 2026, as “National Police Week” and May 15, 2026 as “Peace Officers Memorial Day”; and
WHEREAS, members of the Campbell Police Department strive every day to safeguard the freedoms and protect the lives and property of the citizens of Campbell; and WHEREAS, the Campbell Police Department provides outstanding police services to the community; and
WHEREAS, 26 law enforcement officers throughout the nation have lost their lives in the service to their communities in 2026; and
WHEREAS, the City of Campbell asks all community members to join in honoring the police officers, past and present, who have played an important role in safeguarding the rights and freedoms which are guaranteed by the constitution and in protecting the lives and property of the Campbell community.

NOW, THEREFORE, I, Daniel Furtado, Mayor, of the City of Campbell, do hereby recognize the week of May 10-16, 2026, as “National Police Week” and observe May 15, 2026, as “National Peace Officer Memorial Day” in honor of those who have lost their lives in service to their communities.”
WITNESS MY HAND AND SEAL OF THE CITY OF CAMPBELL this 5th day of May, 2026. ___________________________________
Daniel E. Furtado
Mayor of the City of Campbell
Item 3.1
Tuesday, May 05, 2026 8 of 177
City Council Report
DATE: May 5, 2026
TITLE: Proclamation for May as Water Safety Month
RECOMMENDED ACTION:

That the Mayor proclaim the month of May 2026 as Water Safety Month for the City of Campbell.

BACKGROUND
In 2007, the National Recreation and Park Association created a month-long water safety initiative for the month of May due to increased swimming and water activity leading up to the summertime. The month-long initiative became known as National Water Safety Month. This year National Water Safety Month brings awareness to the fact that drowning is preventable.

The California Department of Public Health reports that between 2016-2023, nearly 4,300 Californians, including City of Campbell residents, died from drowning, and thousands more were rescued. Additionally, between 2016-2021, there were 10,081 total drowning incidents in the State of California made up of both fatal and non-fatal incidents. In the case of a non-fatal drowning event there are often serious and long-term impacts on a person’s life including their physical, emotional, and mental health. Drowning events, whether they are fatal or non-fatal, have serious impacts on those directly involved as well as their family, friends, First Responders, hospitals, and more.

Because of the above statistics, today there are many organizations that work toward bringing awareness to drowning prevention, including the National Drowning Prevention Alliance, California Water Safety Coalition, and the World Health Organization.

DISCUSSION
To bring awareness to drowning prevention in Campbell, the Aquatics section of the Campbell Recreation and Community Services Department would like the Mayor to proclaim May as Water Safety Month for the City of Campbell. During the month of May, staff plans to post regularly on social media about Pool Safety tips, information about youth and adult swim lessons, and ways to prevent drowning for all ages.

The above items are designed to increase awareness for drowning prevention and safety tips for all in the City of Campbell, County of Santa Clara, and State of California.

Item 3.2
Tuesday, May 05, 2026 9 of 177

FISCAL IMPACT
There is no fiscal impact associated with issuing this proclamation.

PREPARED BY: Elisabeth Simonovich, Recreation Specialist - Aquatics Item 3.2
Tuesday, May 05, 2026 10 of 177

Report Approval Details
Document Title: Water Safety Month 2026 Proclamation.docx Attachments: WSM PROCLAMATION 2026.pdf
Final Approval Date: April 29, 2026
This document and all of its attachments were approved and signed as outlined below:

Natasha Bissell , Recreation & Community Services Director Will Fuentes, Finance Director
Andrea Sanders, City Clerk
Angelique Gaeta, Assistant City Manager
Item 3.2
Tuesday, May 05, 2026 11 of 177

PROCLAMATION
OF THE

MAYOR OF THE CITY OF CAMPBELL
WHEREAS, May as Water Safety Month was established through a collaborative effort across the country to recognize the critical need to promote water safety and drowning prevention; and
WHEREAS, swimming and aquatic related recreation are essential to physical, mental, and emotional well-being and enhances the quality of life across our community and beyond; and WHEREAS, the California Department of Public Health reports that between 2016-2023, nearly 4,300 Californians, including City of Campbell residents, died from drowning, and thousands more were rescued and treated in hospitals and emergency departments, many with life-altering and permanent disabilities; and
WHEREAS, every drowning severely impacts families, friends, first responders and the community; and drowning is preventable; and
WHEREAS, everyone in the City of Campbell should know how to be safer around all types of water, including preventing unsupervised access to any body of water, learning swimming and water competency skills, and knowing what to do in a water emergency; and WHEREAS, the City of Campbell has its own considerations and context for drowning prevention, including swim lessons offered to ages 6 months through adult and lifeguards trained and employed at the Campbell Community Center Pool.

NOW THEREFORE, I, Daniel E. Furtado, Mayor of the City of Campbell, do hereby proclaim the month of May 2026, as Water Safety Month within the City of Campbell, calling upon all residents and civic organizations to acquaint themselves with the swim lesson programs and services offered through the Recreation and Community Services Department to increase awareness around drowning prevention and water safety.

WITNESS MY HAND AND SEAL OF THE CITY OF CAMPBELL this 5 th day of May 2026.
_______________________
Daniel E. Furtado, Mayor
City of Campbell, California
Item 3.2
Tuesday, May 05, 2026 12 of 177
City Council Report
DATE: May 5, 2026
TITLE: Proclamation Declaring the Week of May 3-9, 2026 as Municipal Clerk’s Week
RECOMMENDED ACTION:

That the Mayor proclaim the week of May 3-9, 2026, as Municipal Clerk’s Week in the City of Campbell.

BACKGROUND
May 3 through May 9, 2026, will mark the 57th Annual Professional Municipal Clerks Week, a time dedicated to recognizing the vital role Municipal Clerks play in local government. Established in 1969 by the International Institute of Municipal Clerks (IIMC), this observance is recognized by IIMC members throughout the United States, Canada, and 15 other countries. The week was officially acknowledged in 1984 when President Ronald Reagan signed a proclamation designating the first full week of May as Municipal Clerks Week. President Bill Clinton followed suit in 1994 and 1996 with similar proclamations affirming the importance of this observance.

Municipal Clerks are essential to the democratic process at the local level, serving as a bridge between citizens and their elected officials. Their responsibilities include preparing meeting agendas, recording and preserving council minutes, maintaining municipal ordinances and resolutions, and ensuring transparency and accessibility of public records. Clerks also oversee local elections, serve as compliance officers for open meeting laws, and in many communities, take on roles such as financial officer or communication liaison.

Despite being one of the oldest positions in local government, the breadth and importance of the Municipal Clerk’s duties often go unrecognized by the general public. This week provides a meaningful opportunity to celebrate their dedication, professionalism, and continued commitment to public service.

DISCUSSION
To honor the 2026 Municipal Clerks Week, the Campbell City Clerk’s Office will participate in a week-long celebration highlighting the services and impact of Clerks in municipal operations. New initiatives this year will include:

Item 3.3
Tuesday, May 05, 2026 13 of 177

"Day in the Life" Series: A behind-the-scenes look at the work of the City Clerk’s Office, shared through trivia, stories and photos.

Public Education Campaign: Infographics and quick facts will be shared to increase understanding of the Clerk's responsibilities, from records management to election oversight.

Cupcakes with the Clerks: Midweek, the City will host an internal appreciation event to recognize the dedication of the City Clerk and Deputy City Clerk.

These activities are designed to foster greater awareness of the essential functions performed by Municipal Clerks and to celebrate their contributions to good governance and community engagement.

FISCAL IMPACT
There are no fiscal impacts associated with this action.

PREPARED BY: Kristen Epolite, Deputy City Clerk
Item 3.3
Tuesday, May 05, 2026 14 of 177

Report Approval Details
Document Title: Report - Municipal Clerk's Week 2026.docx Attachments: Proclamation - Municipal Clerks Week 2026.docx Final Approval Date: April 28, 2026
This document and all of its attachments were approved and signed as outlined below:

Will Fuentes, Finance Director
Andrea Sanders, City Clerk
Angelique Gaeta, Assistant City Manager
Item 3.3
Tuesday, May 05, 2026 15 of 177

PROCLAMATION OF THE

MAYOR OF THE CITY OF CAMPBELL

57th ANNUAL PROFESSIONAL MUNICIPAL CLERKS WEEK
May 3 - 9, 2026
Whereas, the Office of the Municipal Clerk, a time-honored and essential part of local government exists throughout the world; and
Whereas, the Office of the Municipal Clerk holds the distinction of being one of the oldest public servant roles in government; and
Whereas, the Office of the Municipal Clerk provides the professional link between the citizens, the local governing bodies and agencies of government ensuring transparency, communication and public trust; and
Whereas, Municipal Clerks are committed to maintaining the highest ethical standards while demonstrating impartiality and professionalism, rendering equal service to all; and Whereas, through their dedication to professional development and active participation in state and international associations, Municipal Clerks consistently strive for excellence in serving their communities; and
Whereas, while their behind-the-scenes efforts may go unnoticed, the Municipal Clerk’s contributions are essential to the efficient and effective operation of local government; and Whereas, Municipal Clerks continually strive to improve the administration of the affairs of the Office of the Municipal Clerk through participation in education programs, seminars, workshops and the annual meetings of their state, county and international professional organizations.

Whereas, it is appropriate that we recognize the accomplishments of the Office of the Municipal Clerk.

NOW, THEREFORE, I, Daniel E. Furtado, Mayor of the City of Campbell, do hereby recognize the week of May 3 through May 9, 2026, as Professional Municipal Clerks Week, and further extend appreciation to our City Clerk, and Deputy City Clerk for the vital services they perform and their exemplary dedication to the communities they represent.

WITNESS MY HAND AND SEAL OF THE CITY OF CAMPBELL this 5th day of May, 2026.
___________________________________
Daniel E. Furtado, Mayor
City of Campbell
Item 3.3
Tuesday, May 05, 2026 16 of 177
City Council Report
DATE: May 5, 2026
TITLE: Presentation from Santa Clara Valley Transportation Authority (VTA) - Local Investment Plan Update
RECOMMENDED ACTION:

That the City Council receive an update from the Santa Clara Valley Transportation Authority (VTA) on the Local Investment Plan relating to Senate Bill (SB) 63.

BACKGROUND
VTA is responsible for regional transportation planning, funding, and program implementation within Santa Clara County. VTA periodically updates local jurisdictions on transportation initiatives, funding programs, and long-range planning efforts.

SB 63 authorizes a 5-County Regional Transportation Revenue Measure, to be considered by voters in November 2026, to fund public transit operations, capital improvements, and transit supportive roadway investments across the Bay Area counties.

The VTA Local Investment Plan is a framework for how Santa Clara County will use its share of the revenue to fund transit improvements.

DISCUSSION
Representatives from VTA will provide an update and facilitate a discussion regarding the Local Investment Plan in relation to SB 63 and the future of transportation within the region. The presentation is expected to include an overview of funding priorities, project planning considerations, and anticipated impacts to local jurisdictions.

This item is informational in nature and provides an opportunity for the City Council to receive updates, ask questions, and offer feedback on regional transportation priorities and planning efforts.

FISCAL IMPACT
There is no fiscal impact associated with the City Council receiving this presentation.

PREPARED BY: Kristen Epolite, Deputy City Clerk
Item 3.4
Tuesday, May 05, 2026 17 of 177

Report Approval Details
Document Title: Report - Presentation from VTA - Local Investment Plan Update.docx
Attachments:

Final Approval
Date:

April 29, 2026
This document and all of its attachments were approved and signed as outlined below:

Will Fuentes, Finance Director
Andrea Sanders, City Clerk
Angelique Gaeta, Assistant City Manager
Item 3.4
Tuesday, May 05, 2026 18 of 177
City Council Report
DATE: May 5, 2026
TITLE: Campbell Youth Commission 2025-2026 Work Plan Review and Accomplishments
RECOMMENDED ACTION:

That the City Council receive a year end update from the Youth Commission on their 2025-2026 work plan and accomplishments, with a focus on outcomes from their three ad hoc groups.

BACKGROUND
Members of the Campbell Youth Commission will present a summary of their work plan, highlighting key initiatives, projects, and accomplishments completed during their term through three ad hoc groups:
• Wellness, Fitness, and Recreation
• Life Skills, Civic Engagement, and Career Building
• Community and Leadership
Through these focus areas, commissioners represented the thoughts and concerns of teens throughout Campbell and worked collaboratively to implement projects addressing youth wellness, recreation opportunities, skill-building, civic engagement, and community involvement. The groups also partnered with local organizations to support and enhance their efforts.

The Campbell Youth Commission began formal meetings on September 8, 2025. During their term, commissioners gained valuable experience in local government processes and followed formal meeting procedures similar to those of City Council and other advisory commissions. The Campbell Youth Commission held their final formal meeting on Monday, May 4, 2026.

PREPARED BY: Lauren Council, Recreation Supervisor
Item 3.5
Tuesday, May 05, 2026 19 of 177

Report Approval Details
Document Title: Campbell Youth Commission 2025-2026 Work Plan Review and Accomplishments.docx
Attachments:

Final Approval
Date:

April 28, 2026
This document and all of its attachments were approved and signed as outlined below:

Natasha Bissell, Recreation & Community Services Director Will Fuentes, Finance Director
Andrea Sanders, City Clerk
Angelique Gaeta, Assistant City Manager
Item 3.5
Tuesday, May 05, 2026 20 of 177

CITY COUNCIL MINUTES
City of Campbell, 70 N. First St., Campbell, California

SPECIAL MEETING OF THE CAMPBELL CITY COUNCIL
Tuesday, March 31, 2026 10:30 AM
City Hall Council Chamber
This City Council meeting was duly noticed pursuant to open meeting requirements of the Ralph M. Brown Act (G.C. Section 54956).

PRESENT:

Mayor Furtado
Councilmember Lopez
Councilmember Hines
Councilmember Bybee
ABSENT:

Vice Mayor Scozzola

1. CALL TO ORDER/ROLL CALL
The City Council of the City of Campbell convened this day in the special meeting place, the Council Chambers, 70 N. First Street, Campbell, California.

2. PUBLIC COMMENT
There was no public comment.

3. NEW BUSINESS

3.1 City Attorney Structure
Recommended Action: Receive staff report on City Attorney Structure options and provide feedback to staff.

City Manager Loventhal presented a staff report dated March 31, 2026. Two Models were presented, a contract for legal services and in-house counsel. Information on comparable cities was presented. A comparison table on the two types of models was presented.

Item 7.1
Tuesday, May 05, 2026 21 of 177
Councilmembers discussed the two models: (1) in-house counsel working directly as a full-time and fully benefited employee for the city, or (2) contract attorney providing services at a specified hourly rate for a designated number of hours per month, with limited costs for specified materials.

Council noted the data presented is a good baseline but requested additional data and budgetary information.

The City Council asked Police Chief Berg to opine. He noted that having someone available to give the support to PD in light of the increased work load would be appreciated.

Council stated support for having the attorney be a member of the Executive Team.

There was general City Council consensus on looking at an in-house attorney model.

Staff is to return with a schedule and an overview of what the recruitment process would look like. A transitory contract with City Attorney Seligmann's firm to help assist with the transition will be brought back for Council consideration.

City Manager Loventhal offered a potential ad-hoc committee to help with the recruitment process.

Vice Mayor Bybee requested including some members of the Executive Team to get their feedback during the recruitment process.

4. ADJOURN
Mayor Furtado adjourned the meeting at 11:28a.m.

APPROVED: Daniel E. Furtado, Mayor
ATTEST: Andrea Sanders, City Clerk
Item 7.1
Tuesday, May 05, 2026 22 of 177

CITY COUNCIL MINUTES
City of Campbell, 70 N. First St., Campbell, California

EXECUTIVE SESSION MEETING OF THE CAMPBELL CITY COUNCIL
Tuesday, April 21, 2026 05:00 PM
Doetsch Conference Room
This City Council meeting was duly noticed pursuant to open meeting requirements of the Ralph M. Brown Act (G.C. Section 54956).

PRESENT:

Mayor Furtado
Councilmember Scozzola
Councilmember Lopez
Councilmember Hines
Vice Mayor Bybee
ABSENT:

1. CALL TO ORDER/ROLL CALL
The City Council of the City of Campbell convened this day in the special meeting place, the Doetsch Conference Room, 70 N. First Street, Campbell, California. Councilmember Scozzola participated remotely from Playa de Deportes San Josecito, Calle Twin Rivers, Osa, Costa Rica. Councilmember Lopez participated virtually from The Citizen Hotel, Autograph Collection 926 J. Street, Sacramento, CA 95814. A quorum of the City Council were in attendance at special meeting place.

2. PUBLIC COMMENT
There was no public comment.

3. MOVE INTO CLOSED EXECUTIVE SESSION
A. Personnel
B. Litigation - Conference with Legal Counsel – Anticipated Litigation (Government Code Section 54956.9(d)(2)) – significant exposure to litigation (one potential case to be discussed)
Item 7.2
Tuesday, May 05, 2026 23 of 177
C. Real Property
D. Labor Negotiations
The City Council met in Executive Session to discuss Item B on the agenda. City Attorney Thomson; City Manager Loventhal; Community Development Director Eastwood; and Senior Planner Fama were in attendance.

4. ADJOURN
Mayor Furtado adjourned the meeting at 5:30p.m.

APPROVED: Daniel E. Furtado, Mayor
ATTEST: Andrea Sanders, City Clerk
Item 7.2
Tuesday, May 05, 2026 24 of 177

CITY COUNCIL MINUTES
City of Campbell, 70 N. First St., Campbell, California

SPECIAL MEETING OF THE CAMPBELL CITY COUNCIL
Tuesday, April 21, 2026 05:30 PM
City Hall Council Chamber
This City Council meeting was duly noticed pursuant to open meeting requirements of the Ralph M. Brown Act (G.C. Section 54956).

PRESENT:

Mayor Furtado
Councilmember Scozzola
Councilmember Lopez
Councilmember Hines
Vice Mayor Bybee
ABSENT:

1. CALL TO ORDER/ROLL CALL
The City Council of the City of Campbell convened this day in the special meeting place, the City Hall Council Chamber, 70 N. First St., Campbell, California.

Roll call was taken and quorum was confirmed. Councilmember Lopez participated remotely from the Citizen Hotel, Autograph Collection 926 J. Street, Sacramento, CA 95814.

Councilmember Scozzola participated remotely from Playa de Deportes San Josecito, Calle Twin Rivers, Osa, Costa Rica. A quorum of the City Council was in attendance at City Hall, Council Chamber.

2. PUBLIC COMMENT
Public Comment was taken following the staff report presentation.

3. NEW BUSINESS

3.1 Potential Use of City Facilities for Immigration Enforcement Activities Recommended Action: Receive report on other law enforcement agencies’ potential use of the City of Campbell (City) owned and/or operated facilities for immigration Item 7.3
Tuesday, May 05, 2026 25 of 177
enforcement activities; and, provide feedback to staff.

Assistant City Manager Gaeta presented a staff report dated April 21, 2026.

Councilmember Scozzola asked about a No Secret Police policy. Assistant City Manager Gaeta provided clarification noting that the City of Santa Clara does have a no masking ban for all law enforcement agents.

Mayor Furtado asked if anyone from the public wished to speak.

The following individuals spoke in support of an immigration enforcement policy:

Eugene Hill, Campbell United Methodist Church
Linda Babcock, Campbell resident
Matt Hammer, Campbell resident
Akemi Flynn
Stephanie Snow, Campbell resident
Grace, Campbell resident
Elisabeth Halliday Campbell resident
Denise Witte, Campbell resident
Abigail Brennerman-Azibuke, Campbell resident
Raja Pallela, Campbell resident
Jenni Martin
Councilmember Hines, expressed support for bringing a policy that prohibits the use of city facilities for ICE activity similar to that adopted by the City of Santa Clara policy; while not impeding judicial warrants.

Councilmember Scozzola spoke in support of strong immigration enforcement policies and a strong ordinance prohibiting masks for all law enforcement agents.

Vice Mayor Bybee supported current procedures and looking at the City of Santa Clara policy to model prohibiting the use of city facilities for ICE activity; and was not supportive of adding additional signage or fencing on City properties.

Councilmember Lopez spoke in support of immigration enforcement policies and moving forward in a prompt time frame.

Mayor Furtado spoke in support prohibiting the use of city facilities for ICE activity; and was not supportive of adding additional fencing or signage on City facilities.

Item 7.3
Tuesday, May 05, 2026 26 of 177
There was general Council consensus to return with an Ordinance addressing masking of all law enforcement officers.

In response to Council concerns, City Manager Loventhal confirmed that staff could return quickly with a resolution prohibiting enforcement activities on City properties, but a masking Ordinance will take additional time and will be brought back at a future meeting.

4. ADJOURN
Mayor Furtado adjourned the meeting at 6:39p.m.

APPROVED: Daniel E. Furtado, Mayor
ATTEST: Andrea Sanders, City Clerk
Item 7.3
Tuesday, May 05, 2026 27 of 177

CITY COUNCIL MINUTES
City of Campbell, 70 N. First St., Campbell, California

REGULAR MEETING OF THE CAMPBELL CITY COUNCIL
Tuesday, April 21, 2026 07:00 PM
City Hall Council Chamber
This City Council meeting was duly noticed pursuant to open meeting requirements of the Ralph M. Brown Act (G.C. Section 54956).

This meeting was recorded and can be viewed in its entirety at: https://pubcampbell.escribemeetings.com PRESENT:

Councilmember Hines
Councilmember Lopez
Mayor Furtado
Councilmember Scozzola
Vice Mayor Bybee
ABSENT:

1. CALL TO ORDER/ROLL CALL
The City Council of the City of Campbell convened this day in the regular meeting place, the City Hall Council Chamber, 70 N. First St., Campbell, California.

Roll call was taken and quorum was confirmed. Councilmember Lopez participated remotely from the Citizen Hotel, Autograph Collection 926 J. Street, Sacramento, CA 95814.

Councilmember Scozzola participated remotely from Playa de Deportes San Josecito, Calle Twin Rivers, Osa, Costa Rica. A quorum of the City Council was in attendance at City Hall, Council Chamber.

2. PLEDGE OF ALLEGIANCE
The Pledge of Allegiance was led by City Arborist Abel Zaragoza in recognition of Arbor Day.

Mayor Furtado presented Mr. Zaragoza a Certificate of Appreciation for leading the Pledge.

Item 7.4
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3. SPECIAL PRESENTATIONS AND PROCLAMATIONS

3.1 Proclamation Declaring April 30, 2026, as "Arbor Day" in the City of Campbell
Recommended Action: It is recommended that the City Council proclaim April 30, 2026, as “Arbor Day” in the City of Campbell.

Mayor Furtado recognized City Arborist Abel Zaragoza and Public Works staff for being declared a "Tree City USA" by the National Arbor Day Foundation for the past 43 years. Mayor Furtado proclaimed April 30, 2026, as “Arbor Day” in the City of Campbell and presented City Arborist Zaragoza a proclamation.

Mr. Zaragoza thanked the City Council for the recognition and spoke of the upcoming Arbor Day tree planting event on April 30, 2026, at John D. Morgan Park.

4. COMMUNICATIONS AND PETITIONS
There were no communications and petitions.

5. ORAL REQUESTS
Monica Faria with PG&E introduced herself as the City's new Government Affairs representative and stated she is looking forward to working with the City.

Susan M, Landry, Campbell resident, thanked Mayor Furtado for writing to State legislators requesting a pause on any new housing legislation and encouraged the City to request implementation of SB 79 be extended until a comprehensive review of recent significant housing laws is completed by HCD.

Audrey Kiehtreiber, Campbell resident, stated concerns with out of country developers establishing LLC's, buying properties and then selling the developments to offshore individuals.

Raja Pallela, Campbell resident spoke on inclusion for first-time homebuyers.

6. COUNCIL ANNOUNCEMENTS
For the forty-fourth consecutive year, the National Arbor Day Foundation has proclaimed the City of Campbell “Tree City USA.” In celebration of this award, the community is invited to participate in an Arbor Day celebration at 10:00am on Thursday, April 30 on the Rincon Avenue side of John D. Morgan Park.

We want your feedback on the Campbell Multimodal Transportation Plan. Join us at the Item 7.4
Tuesday, May 05, 2026 29 of 177
Campbell Community Center on Wednesday, May 6 from 6:00pm-7:30pm. For more information about the plan and upcoming events, please visit campbellca.gov/multimodal.

The Boogie Music Fest is two days of live music, great food, beer, wine and artesian booths.

This year’s event will take place on Saturday, May 16 from 10:00am to 6:00pm and Sunday, May 17 from 10:00am to 5:00pm. To find out more, please visit the Campbell Chamber of Commerce website at [email protected] .

The City of Campbell will be hosting its Keep America Beautiful on Saturday, June 13, 2026, from 9:00am to 12:00pm. Registration will start at 8:30am and the event will kick off at 9:00am and run until 12:00pm at the south side of the Campbell Community Center track/field. To register, please visit the city’s website at campbellca.gov.

Looking for a great opportunity to gain work experience in a fast-paced team-oriented environment? Being a Lifeguard might be for you. To learn more, please visit cambpellca.gov/aquatics.

7. CONSENT CALENDAR
Mayor Furtado asked if anyone wished to remove an item off the Consent Calendar.

The Consent Calendar was considered as follows:

MOVER Hines
SECONDER Bybee
That the City Council approve the Consent Calendar Items 7.1 - 7.4. The motion was adopted unanimously by roll call vote.

RESULT: ADOPTED BY ROLL CALL VOTE:

7.1 Minutes of City Council Executive Session Meeting of April 7, 2026.

MOVER Hines
SECONDER Bybee
Recommended Action: Approve the executive session meeting minutes of April 7, 2026.

RESULT: ADOPTED BY ROLL CALL VOTE:

This action approves the executive session meeting minutes of April 7, 2026.

Item 7.4
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7.2 Minutes of City Council Regular Meeting of April 7, 2026.

MOVER Hines
SECONDER Bybee
Recommended Action: Approve the regular meeting minutes of April 7, 2026.

RESULT: ADOPTED BY ROLL CALL VOTE:

This action approves the regular meeting minutes of April 7, 2026.

7.3 Approving the Bills and Claims
MOVER Hines
SECONDER Bybee
Recommended Action: Approve the bills and claims in the amount of $3,218,731.12.

RESULT: ADOPTED BY ROLL CALL VOTE:

This action approves the bills and Claims in the amount of $3,218,731.12, as follows:
bills and claims checks dated March 9, 2026, in the amount of $876,509.13; payroll checks dated March 12, 2026, in the amount of $33,813.37; and bills and claims checks dated March 16, 2026, in the amount of $2,308,408.62.

7.4 Audit Services Contract Award (Resolution/Roll Call Vote) MOVER Hines
SECONDER Bybee
Recommended Action: That the City Council adopt a resolution approving a contract and authorizing the City Manager to execute a three-year agreement with an option to extend for two additional years with LSL, LLP, Inc. for financial audit services in an aggregate amount not to exceed $398,000 for the five-year period.

RESULT: ADOPTED BY ROLL CALL VOTE:

Resolution 26-13379 approves a contract and authorizes the City Manager to execute a three-year agreement with an option to extend for two additional years with LSL, LLP, Inc. for financial audit services in an aggregate amount not to exceed $398,000 for the five-year period.

8. PUBLIC HEARINGS AND INTRODUCTIONS OF ORDINANCES

8.1 FY 2027 Business License Public Hearing and Introduction of an Ordinance Amending Provisions of the Campbell Municipal Code to Revise the Business License Tax Rates Effective in Fiscal Year 2027 Item 7.4
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(Ordinance/Roll Call Vote)
Now is the time and place for a public hearing to consider introducing an Ordinance amending provisions of the Campbell Municipal Code to revise the business license tax rates, effective in Fiscal year (FY) 2027.

Accounting Clerk Nakamura presented a staff report dated April 21, 2026.

Mayor Furtado opened the public hearing and asked if anyone wished to speak.

Seeing no one wishing to speak, Mayor Furtado closed the public hearing.

After discussion, the City Council motioned for approval of Item 8.1. The motion was adopted unanimously by roll call vote.

City Clerk Sanders read the full title of Ordinance 26-2346.

Council motioned to waive further reading of Ordinance 26-2346. The motion was adopted unanimously by roll call vote.

MOVER Hines
SECONDER Bybee
That the City Council introduce and take first reading of Ordinance 26-2346 amending provisions of the Campbell Municipal Code to revise the business license tax rates, effective in Fiscal year (FY) 2027.

AYES (5): Lopez, Furtado, Scozzola, Bybee, and Hines
RESULT: ADOPTED [UNANIMOUS] (5 to 0)
MOVER Hines
SECONDER Bybee
That the City Council waive further reading of Ordinance 26-2346.

AYES (5): Lopez, Furtado, Scozzola, Bybee, and Hines
RESULT: ADOPTED [UNANIMOUS] (5 to 0)

8.2 Public Hearing to Consider Options for Continued Implementation of the Starter Home Revitalization Act: (1) Adoption of an Interim Ordinance Item 7.4
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Reestablishing the Urgency Measures of Interim Ordinance No. 2334, with an Amendment Revising the Method of Applying Vacancy Requirements to Single-Family Residential Properties; or (2) Direction to Return at a Subsequent Meeting with an Ordinance Extending Interim Ordinance No. 2334 Without Revision (Ordinance/ 4/5 Roll Call Vote) Now is the time and place for a public hearing to consider an interim ordinance reestablishing the urgency measures of Interim Ordinance No. 2334, with an amendment revising the method of applying vacancy requirements to single-family residential properties, and consider whether to direct staff to pursue development of a potential demolition-control ordinance for future Council consideration; or (2) direct staff to return at a subsequent meeting with an ordinance extending Interim Ordinance No. 2334 without revision.

Community Development Director Eastwood presented a staff report dated April 21, 2026.

Senior Planner Fama was available for City Council questions.

Following City Council questions Mayor Furtado opened the public hearing.

The following individuals spoke on options for continued implementation of the Starter Home Revitalization Act: (1) Adoption of SB 1123 Interim Ordinance reestablishing the urgency measures of Interim Ordinance No. 2334, with an amendment revising the method of applying vacancy requirements to single-family residential properties:

Richard Drury of Lozeau Drury LLP
Julie Krolczyk, Campbell resident
Alan Crownover, Campbell resident
Jung Park, Campbell resident
Anne Krolczyk
Garrett Anderson, Campbell resident
Javier Ruano, Campbell resident
Travis Galdieri, Campbell resident
Roy Divittorio, Campbell resident
Rudy Ruano, Campbell resident
Qing Zan, Campbell resident
Graciela Marques-Hahn, Campbell resident
Mitch Stermer, Campbell resident
Micael Tehranian, Campbell resident
Elizabeth Gibbons, Campbell resident
Item 7.4
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Audrey Kiehtreiber, Campbell resident
Chris Lindsey, Campbell resident
Katie Gallagher, Campbell resident
Alan Zisser, Campbell resident
Theresa Doe
Dale Luck, Campbell resident
Anne Paulson
Campbell resident
Michelle Smith, Campbell resident
Jim Sullivan, Campbell resident
Campbell resident
Mr. Bandale, Campbell resident
Ken Campbell, Campbell resident
Seeing no one else wishing to speak, Mayor Furtado closed the public hearing.

In response to Councilmember inquiries, City Attorney Thompson noted that the City could seek their own advice from the California Department of Housing & Community Development (HCD).

Councilmember Hines stated support for staff report Option 2.

Mayor Furtado stated support for Option 2 and a Demolition Ordinance.

Councilmember Scozzola stated support of option 2 and a strong Demolition Control Ordinance.

Vice Mayor Bybee stated support of option 2.

Councilmember Lopez stated support for staff report option 1.

After discussion, the City Council motioned for approval of interim ordinance 26-2348.

The motion was adopted by roll call vote.

City Clerk Sanders read the full title of Ordinance 26-2348. The motion was approved by roll call vote.

The City Council then made a motion to pursue a demolition-control ordinance. The motion was adopted by roll call vote.

MOVER Hines
Item 7.4
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SECONDER Bybee
It is recommended that the City Council adopt interim ordinance 26-2348 reestablishing the urgency measures of Interim Ordinance No. 2334, with an amendment revising the method of applying vacancy requirements to singlefamily residential properties.

AYES (4): Furtado, Scozzola, Bybee, and Hines
NAYS (1): Lopez
RESULT: ADOPTED BY ROLL CALL VOTE: (4 to 1)
MOVER Furtado
SECONDER Bybee
That the City Council waive further reading of Ordinance 26-2348.

AYES (5): Lopez, Furtado, Scozzola, Bybee, and Hines
RESULT: ADOPTED [UNANIMOUS] (5 to 0)
MOVER Hines
SECONDER Bybee
That the City Council direct staff to pursue development of a potential demolition-control ordinance for future Council consideration with feedback from HCD.

AYES (5): Lopez, Furtado, Scozzola, Bybee, and Hines
RESULT: ADOPTED [UNANIMOUS] (5 to 0)

8.3 Public Hearing to Consider Adoption of an Ordinance to Extend Interim Ordinance No. 26-2345 Which Established Urgency Measures in Response to SB 79, the Abundant and Affordable Homes Near Transit Act of 2025 (File No. PLN-2025-50) (Ordinance / Roll Call Vote) Recommended Action: That the City Council adopt an Ordinance, extending Interim Ordinance No. 26-2345, which established urgency measures in response to SB 79, the Abundant and Affordable Homes Near Transit Act of 2025.

Item 8.3 was not heard and will be brought to the Council at a future date.

Item 7.4
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8.4 Approval of Fiscal Year 2027 Schedule of Fees and Charges (Resolution/Roll Call Vote)
Item 8.4 was taken out of order following Item 8.1.

Now is the time and place for a public hearing to consider adopting a Resolution approving the Fiscal Year (FY) 2027 Schedule of Fees and Charges, effective July 1, 2026.

Administrative Analyst Brangan presented a staff report dated April 21, 2026.

Mayor Furtado opened the public hearing and asked if anyone wished to speak.

Seeing no one wishing to speak, Mayor Furtado closed the public hearing.

After discussion, the City Council motioned for approval of Item 8.4. The motion was adopted unanimously by roll call vote.

MOVER Hines
SECONDER Bybee
That the City Council adopt Resolution 26-13380 approving the Fiscal Year (FY) 2027 Schedule of Fees and Charges, effective July 1, 2026.

AYES (5): Lopez, Furtado, Scozzola, Bybee, and Hines
RESULT: ADOPTED [UNANIMOUS] (5 to 0)

9. NEW BUSINESS

9.1 Review of Draft Climate Action and Adaptation Plan (CAAP) and Direction on Final Revisions
Recommended Action: That the City Council receive and review the Draft CAAP; receive and consider public comments provided during the review period; and provide direction to staff on modifications to be incorporated into the final CAAP to be returned for adoption.

Item 9.1 was not heard and will be brought back to the City Council at their meeting of May 19, 2026.

10. UNFINISHED BUSINESS
There was no unfinished business.

Item 7.4
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11. COUNCIL COMMITTEE REPORTS

11.1 Council Committee Reports
Recommended That the City Council report on activities from their committee assignments.

Councilmember Hines attended the Santa Clara Valley Water District County Water Commission meeting, Silicon Valley Clean Energy board meeting; Campbell Skate Park ribbon cutting; a tour of El Camino hospital on Pollard; and the Emerald Art ribbon cutting.

Vice Mayor Bybee attended the Cities Association of Santa Clara County meeting.

Mayor Furtado attended the U.S. Conference of Mayors Water Council conference.

12. ADJOURN
Mayor Furtado adjourned the meeting at 9:31p.m.

APPROVED: Daniel E. Furtado, Mayor
ATTEST: Andrea Sanders, City Clerk
Item 7.4
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City Council Report
DATE: May 5, 2026
TITLE: Approving Payment of Bills and Claims
RECOMMENDED ACTION:

Approve the bills and claims in the amount of $1,070,028.44.

DISCUSSION
The bills and claims that have been audited and approved by staff for payments made are noted below:

Type Check Date Amount
Bills & Claims April 06, 2026 $697,666.83
Payroll April 09, 2026 $73,078.72
Bills & Claims April 13, 2026 $299,282.89
Total $1,070,028.44

FISCAL IMPACT
Requested action does not require a budget adjustment. Adequate funding was available to cover all expenses as listed.

PREPARED BY: Celia Cruz Deniz, Accounting Clerk II
Item 7.5
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Report Approval Details
Document Title: Approving Bills and Claims 05.05.26.docx Attachments: Bills and Claims 04.06.26.pdf
Payroll 04.09.26.pdf
Bills and Claims 04.13.26.pdf
Final Approval Date: April 28, 2026
This document and all of its attachments were approved and signed as outlined below:

Will Fuentes, Finance Director
Andrea Sanders, City Clerk
Angelique Gaeta, Assistant City Manager
Item 7.5
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City Council Report
DATE: May 5, 2026
TITLE: Monthly Treasurer’s Report (March 2026)
RECOMMENDED ACTION:

That the City Council review and accept the Monthly Treasurer’s Report for the month ending March 31, 2026.

BACKGROUND
California Government Code Section 41004 requires that the City Treasurer submits to the City Clerk and the legislative body a written report and accounting of all receipts, disbursements, and fund balances. The City of Campbell’s Finance Director has the responsibility of City Treasurer. This report has been prepared to fulfill this requirement.

This report provides financial transaction data for the City of Campbell’s Funds collectively, including the City’s General (Operating) Fund.

DISCUSSION
This Monthly Treasurer’s Report details and summarizes receipts, disbursements, and fund balances for the month ending March 31, 2026. As shown in Attachment 1, the City recognized $8.4 million in revenues and incurred $10.7 million in expenditures in total for all City funds, along with $360,000 of positive prior period adjustments. The City’s overall ending fund balance for March 2026 is $62.5 million, a decrease of $1.9 million from the February 2026 total of $64.4 million. Also in the General Fund, the City recognized $6.7 million in revenues and incurred $6.5 million in expenditures in total, along with $383,000 of positive prior period adjustments. The General Fund’s overall ending fund balance for March 2026 is $24.4 million, an increase of $622,000 from the February 2026 total for $23.8 million.

FISCAL IMPACT
There is no fiscal impact associated with the review and acceptance of the Monthly Treasurer’s Report.

PREPARED BY: Carolina Vargas, Accountant
Item 7.6
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Report Approval Details
Document Title: Report - Monthly Treasurer's Report March 2026.docx Attachments: 2026.03 Fund Balance Report.pdf
Final Approval Date: April 29, 2026
This document and all of its attachments were approved and signed as outlined below:

Will Fuentes, Finance Director
Andrea Sanders, City Clerk
Angelique Gaeta, Assistant City Manager
Item 7.6
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City of Campbell
Changes in Total Fund Balance
For the month ended March 31, 2026
Fund Balance
as of
02/28/2026
Prior Month
Adjustment
Current
Revenue
Current
Expenditure
Fund Balance
as of
03/31/2026
General Fund
Nonspendable Fund Balance
Prepaid $ 5,118.00 - - - $ 5,118.00
Leases 180,567.00 - - - 180,567.00
Restricted
Measure K 1,655,697.00 - - - 1,655,697.00
Committed Fund Balance
General Plan Update - - - - -
Compensated Absences 1,028,002.00 - - - 1,028,002.00
Liability insurance 144,800.00 - - - 144,800.00
Available Capital Improvement Reserve 237,583.00 - - - 237,583.00 Committed Capital Improvement Reserve 1,963,405.00 - - - 1,963,405.00 Community Center Facility 159,210.00 - - - 159,210.00
Heritage Theater 81,783.00 - - - 81,783.00
Historic Preservation 5,000.00 - - - 5,000.00
Assigned Fund Balance
Capital Projects (Construction Tax) 117,314.00 - - - 117,314.00 Unemployment insurance 90,000.00 - - - 90,000.00
PERS 1,000,000.00 - - - 1,000,000.00
OPEB 393,154.00 - - - 393,154.00
Encumbrances 1,278,920.00 - - - 1,278,920.00
Unassigned Fund Balance
Unassigned 2,384,134.74 383,173.75 6,700,982.68 (6,461,870.92) 3,006,420.25 City Council Reserve 362,624.00 - - - 362,624.00
Economic fluctuations 9,485,889.00 - - - 9,485,889.00
Emergency 3,207,454.00 - - - 3,207,454.00
General Fund Total 23,780,654.74 383,173.75 6,700,982.68 (6,461,870.92) 24,402,940.25 Special Revenue
Vehicle Impact 3,099,638.50 (140.42) 115,095.92 - 3,214,594.00 Gas Tax 2,967,682.70 - 187,858.92 (122,155.67) 3,033,385.95 Asset Forfeiture 170,413.74 - 1,959.02 - 172,372.76
Lighting & Landscape District 1,296,134.64 - 509,170.01 (428,401.59) 1,376,903.06 Housing & Community Development 329.54 - - - 329.54
Environmental Services 1,549,080.55 - 31,469.71 (1,742.52) 1,578,807.74 Supplemental Law Enforcement 72,517.64 - 12,499.98 (30,504.42) 54,513.20 State & Other Grants (451,075.24) - - (36,944.75) (488,019.99) TDA Grant 299,056.29 - - - 299,056.29
Federal Grants 644,050.01 - - - 644,050.01
Housing Assistance 9,071,079.81 - - (58,827.81) 9,012,252.00 Community Restitution Fund 247,242.77 - 5,093.00 - 252,335.77 Community Facilities District #1 7,804.03 - - (37,084.00) (29,279.97) Community Facilities District #2 201,508.84 - - (39,304.39) 162,204.45 Parkland Dedication 8,305,957.54 - 65,806.00 - 8,371,763.54 Recreation - Private Grants 6,743.10 - - - 6,743.10
Adult Center 18,679.68 - - - 18,679.68
Special Revenue Fund Total 27,506,844.14 (140.42) 928,952.56 (754,965.15) 27,680,691.13 Debt Service
Measure O 1,639,970.94 1,153.03 4,047.24 (856,725.00) 788,446.21 LID #30 107,897.06 (71,694.91) - - 36,202.15
2016 Refunding Lease Revenue Bond (280,252.15) 12.50 191,600.00 - (88,639.65) Debt Service Fund Total 1,467,615.85 (70,529.38) 195,647.24 (856,725.00) 736,008.71 Internal Service Fund
Motor Vehicle Pool 1,163,270.98 - 109,228.40 (334,576.46) 937,922.92 Information Technology Pool (909,212.25) - 237,082.65 (105,532.42) (777,662.02) Worker's Compensation 1,588,669.56 - 48,119.46 (7,757.50) 1,629,031.52 Internal Service Fund Total 1,842,728.29 - 394,430.51 (447,866.38) 1,789,292.42 Trust/Agency
Successor Agency 4,265,700.04 3.19 - - 4,265,703.23
West Valley Solid Waste JPA 1,222,696.24 - 144,788.83 (199,172.88) 1,168,312.19 SCC Specialized Enforcement Team - - - - -
Trust/Agency Fund Total 5,488,396.28 3.19 144,788.83 (199,172.88) 5,434,015.42 Capital Project
Capital Projects Fund (822,511.61) (35,967.40) - (187,060.22) (1,045,539.23) Measure O CIP Fund 5,151,132.78 83,684.04 1,164.79 (1,743,242.60) 3,492,739.01 Capital Project Fund Total 4,328,621.17 47,716.64 1,164.79 (1,930,302.82) 2,447,199.78 Total City $ 64,414,860.47 360,223.78 $ 8,365,966.61 $ (10,650,903.15) $ 62,490,147.71 Fund Description
Item 7.6
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City Council Report
DATE: May 5, 2026
TITLE: Monthly Investment Transactions Report- March 2026 RECOMMENDED ACTION:

That the City Council review and accept the Monthly Investment Transactions Report for March 2026.

BACKGROUND
As required by California Government Code (GC) Section 53607, staff will submit to the City Council Monthly Investment Transaction Reports within 45 days of the prior month’s end that show a listing of investments purchased, sold, called, or reached maturity, along with any Local Agency Investment Fund (LAIF) or California Asset Management Program (CAMP) transfers. This is in addition to the Quarterly Investment Report, which shows several other items listed under Section VII.A of the City’s Investment Policy and is also submitted to the City Council within 45 days from the end of the prior quarter.

DISCUSSION
As detailed in Attachment 1, staff deposited $2.0 million into the City’s primary Local Agency Investment Fund (LAIF) account and withdrew $800,000 to support general operating expenditures. There were no withdrawals from the Measure O 2022 LAIF bond account. The monthly LAIF rate remained relatively steady at 3.826%.

Within the City’s California Asset Management Program (CAMP) pooled account, staff withdrew $2.7 million for operating expenses, and $39,000 in dividends were posted. For the Measure K escrow account, $540,000—representing the March Measure K sales tax remittance from the California Department of Tax and Fee Administration (CDTFA)—was deposited, along with $17,000 in dividends. The CAMP yield remained relatively steady at 3.83%
Within the City’s BNY Mellon custodial account managed by Chandler Asset Management, two 2‑year corporate securities (Salesforce, Inc.; 4.5%) were purchased at $70,000 each, and a $75,000 State Street Corp. corporate bond (4.33%) was sold. The portfolio earned $102,000 in net interest, dividends, and realized loss for the month, and the average market Yield to Maturity (YTM) increased to 4.05%.

Item 7.7
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Chandler’s strategy continues to emphasize diversification, locking in longer-term rates as short-term LAIF and CAMP rates continue to slowly decline. Consistent with the FY 2025–26 Investment Strategy approved by City Council on September 16, 2025, staff and investment advisors are monitoring moderately long-term opportunities outside of LAIF and CAMP to secure the highest possible returns while maintaining safety and compliance with the City’s Investment Policy. All investment purchases adhere strictly to this policy.

FISCAL IMPACT
There is no fiscal impact associated with the review and acceptance of the Monthly Investment Transactions Report
PREPARED BY: John Formale, Accountant
Item 7.7
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Report Approval Details
Document Title: Report Monthly Investment Transactions Report- March 2026.docx
Attachments: Monthly Investment tranx rpt- Mar'26.pdf
Chandler BNY Investment Statement- 3.31.26.pdf
Final Approval
Date:

April 29, 2026
This document and all of its attachments were approved and signed as outlined below:

Will Fuentes, Finance Director
Andrea Sanders, City Clerk
Angelique Gaeta, Assistant City Manager
Item 7.7
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CITY OF CAMPBELL
Monthly Investment Transactions Report
March 1 to March 31, 2026
Account Trans. Date March'26
LAIF - ******133, Main account
Average Monthly Yield 3.826%
Beginning Balance $ 13,102,747
Transactions
Deposit 3/2/2026 900,000
Withdrawal 3/11/2026 (800,000)
Deposit 3/17/2026 1,100,000
Net change 1,200,000
Ending Balance $ 14,302,747
Account Trans. Date March'26
LAIF - ******032, MEAS O, Series 2022
Average Monthly Yield 3.826%
Beginning Balance $ 3,957,782
Transactions
Net change -
Ending Balance $ 3,957,782
Account Trans. Date March'26
CAMP - ******001, Regular
Average Monthly Yield 3.80%
Beginning Balance $ 13,140,761
Transactions
Withdrawal 3/9/2026 (700,000)
Withdrawal 3/17/2026 (500,000)
Withdrawal 3/23/2026 (1,500,000)
Dividends 3/31/2026 38,503
Net change (2,661,497)
Ending Balance $ 10,479,264
Account Trans. Date March'26
CAMP - ******002, Meas K Sales Tax escrow
Average Monthly Yield 3.80%
Beginning Balance $ 5,181,775
Transactions
Deposit- March sales tax receipts 3/26/2026 539,560
Dividends 3/31/2026 17,039
Net change 556,599
Ending Balance $ 5,738,374
March'26
Bank of New York (BNY) - ******818
Average Monthly Yield/Market YTM 4.05%
Beginning Balance 21,083,112
Note: Purchases listed at par value, see Chandler Monthly Statement for add'l detail Trans. Date
3/13/2026 70,000
3/13/2026 70,000
3/13/2026 (75,000)
3/31/2026 99,733
3/31/2026 321
3/31/2026 (455)
3/31/2026 2,182
Transactions
Purchase - Corporate; Salesforce Inc 4.5%, 2 yrs
Purchase - Corporate; Salesforce Inc 4.5%, 2 yrs
Sale- Corporate; State Street Corp 4.33%, 10/22/2027
Interest
Dividends
Realized Loss
Other
MM transfers- Principle paydown, purchased/sold interest 3/31/2026 (65,000) Net change 101,781
Ending Balance 21,184,892
Total of all Investments
Beginning $ 56,466,177
Ending $ 55,663,060
Item 7.7
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MONTHLY ACCOUNT STATEMENT
City of Campbell | Account #11214 | As of March 31, 2026 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality*
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (03/01/25)
City of Campbell (0.81%) 0.28% 0.28% 4.31% -- -- -- -- 4.44% Benchmark Return (0.75%) 0.20% 0.20% 3.87% -- -- -- -- 4.06% Average Modified Duration 2.61
Average Coupon 3.98%
Average Purchase YTM 4.18%
Average Market YTM 4.05%
Average Credit Quality* AA
Average Final Maturity 3.08
Average Life 2.86
End Values as of
02/28/2026
End Values as of
03/31/2026
Market Value 21,437,498.22 21,260,668.14
Accrued Interest 159,681.86 161,333.84
Total Market Value 21,597,180.08 21,422,001.98
Income Earned 57,210.43 106,343.14
Cont/WD (10,441.77) 0.00
Par 21,265,426.96 21,334,821.53
Book Value 21,136,411.21 21,209,750.17
Cost Value 21,114,755.64 21,184,645.46
United States 45.01%
Federal Home Loan Mortgage Corp 10.85%
Federal Home Loan Banks 2.34%
International Bank for Recon and Dev 2.24%
Toyota Motor Corporation 1.88%
American Express Credit Master Trust 1.75%
Mitsubishi UFJ Financial Group, Inc. 1.64%
BMW Vehicle Owner Trust 1.51%
**Periods over 1 year are annualized.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index *The average credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Book Value 21,136,411.21 20,540,867.11
Maturities/Calls 0.00 (3,250,000.00)
Principal Paydowns (37,838.31) (195,614.24)
Purchases 278,231.45 9,978,145.25
Sales (139,067.56) (5,889,337.64)
Change in Cash, Payables, Receivables (31,890.77) (166.39) Amortization/Accretion 3,365.58 20,530.71
Realized Gain (Loss) 538.57 5,325.37
Ending Book Value 21,209,750.17 21,209,750.17
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 21,437,498.22 20,681,866.80
Maturities/Calls 0.00 (3,250,000.00)
Principal Paydowns (37,838.31) (195,614.24)
Purchases 278,231.45 9,978,145.25
Sales (139,067.56) (5,889,337.64)
Change in Cash, Payables, Receivables (31,890.77) (166.39) Amortization/Accretion 3,365.58 20,530.71
Change in Net Unrealized Gain (Loss) (250,169.04) (90,081.71) Realized Gain (Loss) 538.57 5,325.37
Ending Market Value 21,260,668.14 21,260,668.14
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date (3,250,000.00)
Principal Paydowns
Month to Date (37,838.31)
Fiscal Year to Date (195,614.24)
Purchases
Month to Date 278,231.45
Fiscal Year to Date 9,978,145.25
Sales
Month to Date (139,067.56)
Fiscal Year to Date (5,889,337.64)
Interest Received
Month to Date 100,053.64
Fiscal Year to Date 650,739.51
Purchased / Sold Interest
Month to Date 1,271.94
Fiscal Year to Date (7,546.14)
Item 7.7
Tuesday, May 05, 2026 49 of 177
CONFIDENTIAL | 4
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
891940AC2 TAOT 2023-A A3 4.63
09/15/2027 32,747.51 11/14/20244.63%
32,760.30
32,751.11
100.14

4.08%
32,791.88

67.39 0.15%

40.77 NA/AAA
AAA

1.46 0.23
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 95,000.00 05/20/20254.84%
94,998.42
94,998.87
100.47

4.11%
95,450.87
132.95

0.45%
452.00
NA/AAA
AAA

2.14 0.92
379965AD8 GMALT 2025-3 A3 4.17
08/21/2028 90,000.00 08/05/20254.18%
89,986.32
89,989.18
100.05

4.16%
90,045.36
114.68

0.42%

56.18 NA/AAA
AAA

2.39 1.15
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 163,135.44 02/20/2025

4.63%
164,116.81
163,721.70
100.58

4.15%
164,086.85
359.62

0.77%
365.15
Aaa/NA
AAA

2.63 0.67
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 317,942.17 --4.69%
321,245.79
319,978.72
100.66

4.30%
320,036.78
274.49

1.51%

58.05 Aaa/AAA
NA

2.91 0.70
89239TAD4 TAOT 2024-D A3 4.4 06/15/2029 60,000.00 10/10/2024

4.51%
59,996.65
59,997.70
100.36

4.05%
60,218.76
117.33

0.28%
221.06
Aaa/AAA
NA

3.21 0.93
02589BAE0 AMXCA 2024-3 A 4.65
07/15/2027 200,000.00 02/20/20254.57%
200,546.88
200,294.09
100.75

4.09%
201,495.60
413.33

0.95%
1,201.51
NA/AAA
AAA

1.29 1.23
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029 120,000.00 11/19/20244.66%
119,996.15
119,997.25
100.61

4.14%
120,737.28
245.87

0.57%
740.03
Aaa/NA
AAA

3.38 1.19
38014AAD3 GMCAR 2024-4 A3 4.4
08/16/2029 60,000.00 10/08/20244.32%
59,988.44
59,991.92
100.23

4.15%
60,140.58
110.00

0.28%
148.66
Aaa/AAA
NA

3.38 0.81
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 100,000.00 03/04/2025

5.09%
99,993.71
99,995.18
100.28

4.08%
100,279.40
188.00

0.47%
284.22
Aaa/NA
AAA

3.47 1.49
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 110,000.00 10/17/20244.29%
109,983.65
109,988.37
100.41

4.05%
110,450.23
209.73

0.52%
461.86
Aaa/AAA
NA

3.54 1.46
89231HAD8 TAOT 2025-B A3 4.34
11/15/2029 65,000.00 04/24/20254.82%
64,996.28
64,997.03
100.37

4.12%
65,243.17
125.38

0.31%
246.13
NA/AAA
AAA

3.63 1.42
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029 80,000.00 01/09/20255.03%
79,994.06
79,995.52
100.55

4.09%
80,442.32
154.00

0.38%
446.80
Aaa/NA
AAA

3.71 0.97
58773DAD6 MBART 2025-1 A3 4.78
12/17/2029 115,000.00 01/14/20254.84%
114,975.54
114,981.46
100.78

4.16%
115,895.51
244.31

0.55%
914.04
Aaa/NA
AAA

3.71 1.17
44935XAD7 HART 2025-B A3 4.36
12/17/2029 80,000.00 06/03/20254.36%
79,992.78
79,994.07
100.38

4.15%
80,301.84
155.02

0.38%
307.77
NA/AAA
AAA

3.71 1.49
58770YAD3 MBALT 2026-A A3 3.93
01/15/2030 60,000.00 01/13/20263.97%
59,988.10
59,988.67

99.43 4.24%
59,656.74
104.80

0.28%
(331.93)
Aaa/NA
AAA

3.79 2.04
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030 170,000.00 05/06/20254.28%
169,996.92
169,997.47
100.35

4.14%
170,588.54
323.38

0.80%
591.07
NA/AAA
AAA

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total ABS 1,918,825.12 4.59%
1,923,556.80
1,921,658.31
100.47

4.15%
1,927,861.70
3,340.28

9.07%
6,203.38

3.01 1.15
AGENCY
3130B7QM9 FEDERAL HOME LOAN BANKS 3.5
09/09/2027 500,000.00 09/23/20253.63%
498,795.00
499,113.52

99.65 3.75%
498,262.50
1,069.44

2.34%
(851.02)
Aa1/AA+
AA+

1.44 1.39
Total Agency 500,000.00 3.63%
498,795.00
499,113.52

99.65 3.75%
498,262.50
1,069.44

2.34%
(851.02)

1.44 1.39

AGENCY CMBS
3137FJEH8 FHMS K-081 A2 3.9 08/25/2028 250,000.00 11/21/2024

4.53%
244,335.94
246,405.18

99.41 4.08%
248,530.75
812.50

1.17%
2,125.57
Aa1/AA+
AAA

2.40 2.22
3137FJKE8 FHMS K-082 A2 3.92 09/25/2028 250,000.00 06/10/2025

4.27%
246,992.19
247,739.03

99.45 4.08%
248,626.25
816.67

1.17%
887.22
Aa1/AA+
AAA

2.49 2.25
3137FKSH0 FHMS K-086 A2 3.859
11/25/2028 150,000.00 09/18/20243.82%
150,005.86
150,003.69

99.27 4.09%
148,908.00
482.38

0.70%
(1,095.69)
Aaa/AA+
AA+

2.65 2.43
3137FLN91 FHMS K-091 A2 3.505
03/25/2029 300,000.00 11/14/20244.62%
287,074.22
291,192.61

98.28 4.09%
294,841.50
876.25

1.39%
3,648.89
Aa1/AAA
AA+

2.98 2.68
3137FMCR1 FHMS K-093 A2 2.982
05/25/2029 147,353.21 10/16/20244.15%
140,399.99
142,616.78

96.84 4.09%
142,690.07
366.17

0.67%

73.30 Aa1/AA+
AAA

3.15 2.76
3137FNAE0 FHMS K-095 A2 2.785
06/25/2029 250,000.00 03/13/20254.39%
234,707.03
238,480.49

96.08 4.10%
240,192.75
580.21

1.13%
1,712.26
Aa1/AA+
AAA

3.24 2.93
3137FPHK4 FHMS K-098 A2 2.425
08/25/2029 300,000.00 10/17/20244.26%
276,445.31
283,549.53

94.75 4.11%
284,247.30
606.25

1.34%
697.77
Aa1/AA+
AAA

3.40 3.11
3137FRUJ8 FHMS K-105 A2 1.872
01/25/2030 275,000.00 03/17/20254.43%
244,868.16
251,366.85

92.13 4.14%
253,347.60
429.00

1.19%
1,980.75
Aa1/AA+
AAA

3.82 3.55
3137F62M8 FHMS K-118 A2 1.493
09/25/2030 250,000.00 01/29/20264.03%
223,632.81
224,593.05

89.20 4.19%
223,012.25
311.04

1.05%
(1,580.80)
Aa1/AA+
AAA

4.49 4.17
3137F83Q4 FHMS K-121 A2 1.547
10/25/2030 250,000.00 01/08/20264.00%
223,603.52
224,799.18

89.04 4.21%
222,599.00
322.29

1.05%
(2,200.18)
Aa1/AA+
AAA

4.57 4.29
Total Agency CMBS 2,422,353.21 4.29%
2,272,065.03
2,300,746.38

95.39 4.12%
2,306,995.47
5,602.76

10.85%
6,249.10

3.32 3.05
CASH
CCYUSD Receivable 211.40 -- 211.40
211.40

1.00 211.40

0.00 0.00%

0.00 Aaa/AAA
AAA

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Cash 211.40
211.40
211.40

1.00 211.40

0.00 0.00%

0.00 0.00

0.00 COMMERCIAL
PAPER
62479MES8 MUFG Bank, Ltd., New York
Branch 05/26/2026 350,000.00 09/23/20253.99%
340,758.06
347,925.28

99.41 3.86%
347,948.65

0.00 1.64%

23.37 P-1/A-1
NA

0.15 0.24
Total Commercial
Paper 350,000.00 3.99%
340,758.06
347,925.28

99.41 3.86%
347,948.65

0.00 1.64%

23.37 0.15

0.24 CORPORATE
857477CP6 STATE STREET CORP 4.33
10/22/2027 175,000.00 11/07/20244.54%
173,976.25
174,459.63
100.19

4.20%
175,324.98
3,346.73

0.82%
865.34
Aa3/A
AA1.561.39
89115A3E0 TORONTO-DOMINION BANK

4.861 01/31/2028 225,000.00 01/28/20254.86%
225,000.00
225,000.00
100.80

4.40%
226,810.58
1,853.26

1.07%
1,810.58
A2/AAA1.84

1.72 17275RBW1 CISCO SYSTEMS INC 4.55
02/24/2028 250,000.00 03/11/20254.32%
251,557.50
250,985.33
101.01

3.99%
252,529.00
1,169.10

1.19%
1,543.67
A1/AANA1.90

1.72 00287YDY2 ABBVIE INC 4.65 03/15/2028 125,000.00 02/18/2025

4.70%
124,833.75
124,893.35
100.91

4.16%
126,137.88
258.33

0.59%
1,244.53
A2/ANA1.96

1.77 79466LAQ7 SALESFORCE INC 4.5 03/15/2028 140,000.00 03/12/2026

4.37%
140,339.50
140,330.34
100.03

4.48%
140,036.12
315.00

0.66%
(294.22)
A2/A+
NA

1.96 1.85
06406RBG1 BANK OF NEW YORK MELLON
CORP 3.992 06/13/2028 225,000.00 09/05/20244.31%
223,128.00
224,188.18

99.56 4.57%
224,005.50
2,694.60

1.05%
(182.68)
Aa3/A
AA2.201.15
46647PDG8 JPMORGAN CHASE & CO 4.851
07/25/2028 150,000.00 08/12/20244.62%
150,933.00
150,416.21
100.49

4.95%
150,738.30
1,334.03

0.71%
322.09
A1/A
AA2.321.25
46647PEU6 JPMORGAN CHASE & CO 4.915
01/24/2029 115,000.00 01/16/20254.92%
115,000.00
115,000.00
100.85

4.43%
115,979.46
1,051.95

0.55%
979.46
A1/A
AA2.821.71
06051GMK2 BANK OF AMERICA CORP 4.979
01/24/2029 150,000.00 01/17/20254.98%
150,000.00
150,000.00
100.78

4.51%
151,168.65
1,389.97

0.71%
1,168.65
A1/AAA2.82

1.70 06368MJG0 BANK OF MONTREAL 5.004
01/27/2029 100,000.00 01/22/20255.01%
100,000.00
100,000.00
100.90

4.43%
100,896.80
889.60

0.47%
896.80
A2/AAA2.83

1.71 91159HJK7 US BANCORP 4.653 02/01/2029 200,000.00 09/05/2024

4.47%
201,116.00
200,602.44
100.46

4.56%
200,914.80
1,551.00

0.95%
312.36
A3/A
A

2.84 1.73
756109CW2 REALTY INCOME CORP 3.95
02/01/2029 250,000.00 01/07/20264.01%
249,577.50
249,608.81

98.84 4.39%
247,102.50
1,645.83

1.16%
(2,506.31)
A3/ANA2.84

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
06051GLG2 BANK OF AMERICA CORP 5.202
04/25/2029 150,000.00 08/12/20244.69%
152,550.00
151,425.06
101.42

4.73%
152,135.85
3,381.30

0.72%
710.79
A1/AAA3.07

1.90 24422EXT1 JOHN DEERE CAPITAL CORP 4.85
06/11/2029 225,000.00 08/12/20244.40%
229,338.00
227,871.50
101.84

4.23%
229,129.43
3,334.38

1.08%
1,257.93
A1/A
A+

3.20 2.90
025816EJ4 AMERICAN EXPRESS CO 4.351
07/20/2029 170,000.00 07/21/20254.35%
170,000.00
170,000.00

99.93 4.41%
169,878.62
1,458.79

0.80%
(121.38)
A2/AA3.30

2.15 89236TMK8 TOYOTA MOTOR CREDIT CORP

4.55 08/09/2029 225,000.00 08/12/20244.49%
225,567.00
225,381.53
100.59

4.36%
226,336.73
1,478.75

1.06%
955.20
A1/A+
A+

3.36 3.06
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 235,000.00 08/12/2024

4.22%
234,769.70
234,844.74
100.09

4.17%
235,222.55
1,288.58

1.11%
377.80
Aa3/A+
NA

3.37 3.10
26442CAY0 DUKE ENERGY CAROLINAS LLC

2.45 08/15/2029 250,000.00 12/18/20244.72%
226,517.50
232,982.09

94.12 4.34%
235,288.25
782.64

1.11%
2,306.16
Aa3/A
NA

3.38 3.17
61748UAK8 MORGAN STANLEY 4.133
10/18/2029 155,000.00 10/17/20254.25%
155,019.50
155,016.63

98.84 4.61%
153,201.69
2,829.38

0.72%
(1,814.94)
A1/AA+3.55

2.35 38141GD27 GOLDMAN SACHS GROUP INC

4.153 10/21/2029 105,000.00 10/14/20254.37%
105,000.00
105,000.00

99.07 4.54%
104,020.25
1,938.07

0.49%
(979.76)
A2/BBB+
A

3.56 2.35
14913UAU4 CATERPILLAR FINANCIAL
SERVICES CORP 4.7 11/15/2029 250,000.00 11/12/20244.74% 249,592.50
249,704.53
101.37

4.28%
253,437.25
4,438.89

1.19%
3,732.72
A2/A
A+

3.63 3.25
89236TNA9 TOYOTA MOTOR CREDIT CORP

4.95 01/09/2030 170,000.00 01/06/20255.00%
169,636.20
169,725.26
101.62

4.48%
172,756.89
1,916.75

0.81%
3,031.63
A1/A+
A+

3.78 3.38
63743HFX5

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

4.95 02/07/2030
250,000.00 02/20/2025

4.90%
250,550.00
250,425.24
101.74

4.45%
254,339.00
1,856.25

1.20%
3,913.76
A2/NA
A

3.86 3.39
571748CA8

MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030
250,000.00 03/24/2025

4.67%
249,755.00
249,805.19
100.71

4.45%
251,783.00
516.67

1.18%
1,977.81
A3/AA3.96

3.50 931142FN8 WALMART INC 4.35 04/28/2030 185,000.00 04/23/2025

4.39%
184,679.95
184,739.19
100.96

4.09%
186,775.63
3,420.19

0.88%
2,036.44
Aa2/AA
AA

4.08 3.57
69371RT71 PACCAR FINANCIAL CORP 4.55
05/08/2030 230,000.00 05/05/20254.59%
229,643.50
229,707.54
100.67

4.37%
231,542.84
4,156.93

1.09%
1,835.30
A1/A+
NA

4.10 3.64
30303MAB8 META PLATFORMS INC 4.2
11/15/2030 250,000.00 11/13/20254.16%
250,482.50
250,446.17

99.03 4.43%
247,574.25
4,316.67

1.16%
(2,871.92)
Aa3/AANA4.63

4.09 74340XCQ2 PROLOGIS LP 4.75 01/15/2031 250,000.00 01/14/2026

4.22%
255,812.50
255,566.40
101.03

4.51%
252,575.25
2,506.94

1.19%
(2,991.15)
A2/A
NA

4.79 4.14
92826CAZ5 VISA INC 4.1 02/12/2031 140,000.00 02/03/2026

4.13%
139,812.40
139,817.33

99.90 4.12%
139,861.54
781.28

0.66%

44.21 Aa3/AANA4.87

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
02079KBK2 ALPHABET INC 4.1 02/15/2031 200,000.00 02/12/2026

4.10%
200,011.33
200,011.04

99.31 4.26%
198,610.20
1,093.33

0.93%
(1,400.84)
Aa2/AA+
NA

4.88 4.35
Total Corporate 5,795,000.00 4.50%
5,784,199.08
5,787,953.72
100.22

4.38%
5,806,113.75
58,995.18

27.31%
18,160.03

3.30 2.74

MONEY MARKET
FUND
X9USDDGCM DREYFUS GVT CM INST 118,431.79 --

3.54%
118,431.79
118,431.79

1.00 3.54%
118,431.79

0.00 0.56%

0.00 Aaa/
AAAm
NA

0.00 0.00
Total Money
Market Fund 118,431.79 3.54%
118,431.79
118,431.79

1.00 3.54%
118,431.79

0.00 0.56%

0.00 0.00

0.00 MUNICIPAL
BONDS
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029 205,000.00 10/30/20244.38%
206,080.35
205,760.62
101.76

3.93%
208,613.54
1,537.50

0.98%
2,852.92
Aa2/AAAA3.34

3.05 Total Municipal
Bonds 205,000.00 4.38%
206,080.35
205,760.62
101.76

3.93%
208,613.54
1,537.50

0.98%
2,852.92

3.34 3.05

SUPRANATIONAL
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
350,000.00 12/13/2024

4.29%
343,689.50
345,373.49
100.04

3.86%
350,126.00
6,216.00

1.65%
4,752.51
Aaa/AAA
NA

3.54 3.22
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
125,000.00 03/14/2025

4.20%
124,553.75
124,645.88
100.81

3.90%
126,012.13
157.55

0.59%
1,366.24
Aaa/AAA
NA

3.97 3.63
Total
Supranational 475,000.00 4.27%
468,243.25
470,019.38
100.24

3.87%
476,138.13
6,373.55

2.24%
6,118.75

3.66 3.33

US TREASURY
91282CJC6 UNITED STATES TREASURY 4.625
10/15/2026 375,000.00 08/30/20243.90%
380,507.81
376,398.25
100.45

3.77%
376,695.75
8,004.81

1.77%
297.50
Aa1/AA+
AA+

0.54 0.52
91282CKE0 UNITED STATES TREASURY 4.25
03/15/2027 350,000.00 08/20/20243.86%
353,322.27
351,235.20
100.48

3.73%
351,689.80
687.16

1.65%
454.60
Aa1/AA+
AA+

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CKZ3 UNITED STATES TREASURY 4.375
07/15/2027 375,000.00 08/08/20243.91%
379,804.69
377,110.47
100.68

3.83%
377,548.88
3,444.41

1.78%
438.40
Aa1/AA+
AA+

1.29 1.23
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 350,000.00 10/31/20244.17%
349,521.48
349,753.76
100.41

3.84%
351,435.70

39.45 1.65%
1,681.94
Aa1/AA+
AA+

1.50 1.44
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 375,000.00 08/08/20243.87%
376,552.73
375,835.53
100.33

3.82%
376,230.38
1,304.35

1.77%
394.84
Aa1/AA+
AA+

1.92 1.82
91282CHK0 UNITED STATES TREASURY 4.0
06/30/2028 350,000.00 08/20/20243.76%
353,007.81
351,752.60
100.42

3.80%
351,463.00
3,519.34

1.65%
(289.60)
Aa1/AA+
AA+

2.25 2.11
91282CNU1 UNITED STATES TREASURY 3.625
08/15/2028 250,000.00 01/29/20263.60%
250,156.25
250,145.98

99.57 3.81%
248,935.50
1,126.55

1.17%
(1,210.48)
Aa1/AA+
AA+

2.38 2.25
91282CJF9 UNITED STATES TREASURY 4.875
10/31/2028 375,000.00 08/08/20243.85%
389,765.63
384,027.69
102.55

3.83%
384,565.50
7,676.11

1.81%
537.81
Aa1/AA+
AA+

2.59 2.36
91282CPP0 UNITED STATES TREASURY 3.5
12/15/2028 250,000.00 01/29/20263.62%
249,169.92
249,218.14

99.17 3.82%
247,929.75
2,572.12

1.17%
(1,288.39)
Aa1/AA+
AA+

2.71 2.53
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 375,000.00 11/26/20244.21%
375,585.94
375,401.18
101.15

3.83%
379,306.50
1,385.87

1.78%
3,905.32
Aa1/AA+
AA+

2.91 2.71
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 350,000.00 11/18/20244.31%
347,498.05
348,280.20
100.83

3.83%
352,912.00

39.45 1.66%
4,631.80
Aa1/AA+
AA+

3.00 2.80
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 375,000.00 08/08/20243.84%
387,583.01
383,206.31
102.27

3.84%
383,496.00
7,282.46

1.80%
289.69
Aa1/AA+
AA+

3.08 2.80
91282CEV9 UNITED STATES TREASURY 3.25
06/30/2029 350,000.00 11/18/20244.31%
334,591.80
339,148.38

98.18 3.85%
343,642.60
2,859.46

1.62%
4,494.22
Aa1/AA+
AA+

3.25 3.03
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 350,000.00 08/20/20243.70%
354,634.77
353,124.94
100.45

3.86%
351,558.55
2,320.44

1.65%
(1,566.39)
Aa1/AA+
AA+

3.33 3.08
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 400,000.00 --3.60%
400,687.50
400,377.88

99.23 3.87%
396,937.60
1,260.87

1.87%
(3,440.28)
Aa1/AA+
AA+

3.42 3.17
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 400,000.00 --4.09%
389,617.18
392,545.33

98.80 3.87%
395,187.60

38.25 1.86%
2,642.27
Aa1/AA+
AA+

3.50 3.26
91282CLR0 UNITED STATES TREASURY 4.125
10/31/2029 400,000.00 --4.33%
396,388.68
397,360.14
100.82

3.88%
403,281.20
6,928.18

1.90%
5,921.06
Aa1/AA+
AA+

3.59 3.25
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 400,000.00 12/11/20244.09%
400,546.88
400,403.68
100.83

3.88%
403,312.40
5,530.22

1.90%
2,908.72
Aa1/AA+
AA+

3.67 3.33
91282CMD0 UNITED STATES TREASURY 4.375
12/31/2029 400,000.00 --4.45%
398,679.69
399,000.68
101.69

3.88%
406,765.60
4,399.17

1.91%
7,764.92
Aa1/AA+
AA+

3.75 3.40
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030 300,000.00 04/07/20253.75%
303,375.00
302,710.40
100.36

3.90%
301,078.20

32.79 1.42%
(1,632.20)
Aa1/AA+
AA+

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 500,000.00 09/16/20253.57%
506,425.78
505,678.77

99.89 3.90%
499,453.00
8,135.36

2.35%
(6,225.77)
Aa1/AA+
AA+

4.08 3.68
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030 350,000.00 06/09/20254.08%
348,742.19
348,946.51
100.34

3.91%
351,189.30
4,692.31

1.65%
2,242.79
Aa1/AA+
AA+

4.17 3.75
91282CNK3 UNITED STATES TREASURY 3.875
06/30/2030 325,000.00 07/29/20253.95%
323,933.59
324,079.06

99.85 3.91%
324,505.03
3,165.83

1.53%
425.96
Aa1/AA+
AA+

4.25 3.85
91282CNN7 UNITED STATES TREASURY 3.875
07/31/2030 225,000.00 08/26/20253.77%
226,081.05
225,950.65

99.83 3.92%
224,622.00
1,445.10

1.06%
(1,328.65)
Aa1/AA+
AA+

4.33 3.93
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 500,000.00 09/16/20253.58%
500,937.50
500,835.92

98.77 3.93%
493,867.00
1,576.09

2.32%
(6,968.92)
Aa1/AA+
AA+

4.42 4.02
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030 150,000.00 12/09/20253.77%
148,154.30
148,268.13

98.16 3.93%
147,240.30
1,759.62

0.69%
(1,027.83)
Aa1/AA+
AA+

4.67 4.21
91282CPR6 UNITED STATES TREASURY 3.625
12/31/2030 350,000.00 01/29/20263.82%
347,033.20
347,133.97

98.64 3.94%
345,242.10
3,189.40

1.62%
(1,891.87)
Aa1/AA+
AA+

4.75 4.28
Total US Treasury 9,550,000.00 3.92%
9,572,304.70
9,557,929.78
100.22

3.86%
9,570,091.23
84,415.13

45.01%
12,161.45

3.11 2.85
Total Portfolio 21,334,821.53 4.18%
21,184,645.46
21,209,750.17

99.15 4.05%
21,260,668.14
161,333.84
100.00%
50,917.97

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 03/02/2026 X9USDDGCM 31,781.25 DREYFUS GVT CM INST 1.000 3.56% (31,781.25) 0.00 (31,781.25) 0.00 Purchase 03/03/2026 X9USDDGCM 320.92 DREYFUS GVT CM INST 1.000 3.56% (320.92) 0.00 (320.92) 0.00 Purchase 03/09/2026 X9USDDGCM 8,652.78 DREYFUS GVT CM INST 1.000 3.54% (8,652.78) 0.00 (8,652.78) 0.00 Purchase 03/13/2026 79466LAQ7 70,000.00 SALESFORCE INC 4.5 03/15/2028 100.214 4.38% (70,149.80) 0.00 (70,149.80) 0.00 Purchase 03/13/2026 79466LAQ7 70,000.00 SALESFORCE INC 4.5 03/15/2028 100.271 4.35% (70,189.70) 0.00 (70,189.70) 0.00 Purchase 03/16/2026 X9USDDGCM 14,783.55 DREYFUS GVT CM INST 1.000 3.53% (14,783.55) 0.00 (14,783.55) 0.00 Purchase 03/16/2026 X9USDDGCM 21,532.77 DREYFUS GVT CM INST 1.000 3.53% (21,532.77) 0.00 (21,532.77) 0.00 Purchase 03/20/2026 X9USDDGCM 3,254.08 DREYFUS GVT CM INST 1.000 3.52% (3,254.08) 0.00 (3,254.08) 0.00 Purchase 03/25/2026 X9USDDGCM 7,074.34 DREYFUS GVT CM INST 1.000 3.52% (7,074.34) 0.00 (7,074.34) 0.00 Purchase 03/25/2026 X9USDDGCM 23,054.76 DREYFUS GVT CM INST 1.000 3.52% (23,054.76) 0.00 (23,054.76) 0.00 Purchase 03/31/2026 X9USDDGCM 27,437.50 DREYFUS GVT CM INST 1.000 3.54% (27,437.50) 0.00 (27,437.50) 0.00 Total Purchase 277,891.95 (278,231.45) 0.00 (278,231.45) 0.00 TOTAL
ACQUISITIONS 277,891.95 (278,231.45) 0.00 (278,231.45) 0.00

DISPOSITIONS
Sale 03/13/2026 857477CP6 (75,000.00) STATE STREET CORP

4.33 10/22/2027 100.399 4.54% 75,299.25 (1,271.94) 76,571.19 538.57 Sale 03/13/2026 X9USDDGCM (59,837.21) DREYFUS GVT CM INST 1.000 3.54% 59,837.21 0.00 59,837.21 0.00 Sale 03/13/2026 X9USDDGCM (3,931.10) DREYFUS GVT CM INST 1.000 3.54% 3,931.10 0.00 3,931.10 0.00 Total Sale (138,768.31) 139,067.56 (1,271.94) 140,339.50 538.57 TOTAL
DISPOSITIONS (138,768.31) 139,067.56 (1,271.94) 140,339.50 538.57 OTHER

TRANSACTIONS
Coupon 03/01/2026 3137FLN91 0.00 FHMS K-091 A2 3.505
03/25/2029 4.62% 876.25 0.00 876.25 0.00
Item 7.7
Tuesday, May 05, 2026 57 of 177
CONFIDENTIAL | 12
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 03/01/2026 3137FJEH8 0.00 FHMS K-081 A2 3.9
08/25/2028 4.53% 812.50 0.00 812.50 0.00
Coupon 03/01/2026 3137FRUJ8 0.00 FHMS K-105 A2 1.872
01/25/2030 4.43% 429.00 0.00 429.00 0.00
Coupon 03/01/2026 3137FNAE0 0.00 FHMS K-095 A2 2.785
06/25/2029 4.39% 580.21 0.00 580.21 0.00
Coupon 03/01/2026 3137FJKE8 0.00 FHMS K-082 A2 3.92
09/25/2028 4.27% 816.67 0.00 816.67 0.00
Coupon 03/01/2026 3137FPHK4 0.00 FHMS K-098 A2 2.425
08/25/2029 4.26% 606.25 0.00 606.25 0.00
Coupon 03/01/2026 3137FMCR1 0.00 FHMS K-093 A2 2.982
05/25/2029 4.15% 366.69 0.00 366.69 0.00
Coupon 03/01/2026 3137F62M8 0.00 FHMS K-118 A2 1.493
09/25/2030 4.03% 311.04 0.00 311.04 0.00
Coupon 03/01/2026 3137F83Q4 0.00 FHMS K-121 A2 1.547
10/25/2030 4.00% 322.29 0.00 322.29 0.00
Coupon 03/01/2026 3137FKSH0 0.00 FHMS K-086 A2 3.859
11/25/2028 3.82% 482.37 0.00 482.37 0.00
Coupon 03/09/2026 3130B7QM9 0.00 FEDERAL HOME LOAN
BANKS 3.5 09/09/2027 3.63% 8,652.78 0.00 8,652.78 0.00
Coupon 03/15/2026 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 5.09% 352.50 0.00 352.50 0.00
Coupon 03/15/2026 58773DAD6 0.00 MBART 2025-1 A3 4.78
12/17/2029 4.84% 458.08 0.00 458.08 0.00
Coupon 03/15/2026 89231HAD8 0.00 TAOT 2025-B A3 4.34
11/15/2029 4.82% 235.08 0.00 235.08 0.00
Coupon 03/15/2026 00287YDY2 0.00 ABBVIE INC 4.65
03/15/2028 4.70% 2,906.25 0.00 2,906.25 0.00
Coupon 03/15/2026 571748CA8 0.00

MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030

4.67% 5,812.50 0.00 5,812.50 0.00
Coupon 03/15/2026 34535VAD6 0.00 FORDO 2024-D A3 4.61
08/15/2029 4.66% 461.00 0.00 461.00 0.00
Item 7.7
Tuesday, May 05, 2026 58 of 177
CONFIDENTIAL | 13
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 03/15/2026 47800RAD5 0.00 JDOT 2024 A3 4.96
11/15/2028 4.63% 710.75 0.00 710.75 0.00
Coupon 03/15/2026 891940AC2 0.00 TAOT 2023-A A3 4.63
09/15/2027 4.63% 149.36 0.00 149.36 0.00
Coupon 03/15/2026 02589BAE0 0.00 AMXCA 2024-3 A 4.65
07/15/2027 4.57% 775.00 0.00 775.00 0.00
Coupon 03/15/2026 89239TAD4 0.00 TAOT 2024-D A3 4.4
06/15/2029 4.51% 220.00 0.00 220.00 0.00
Coupon 03/15/2026 44935XAD7 0.00 HART 2025-B A3 4.36
12/17/2029 4.36% 290.67 0.00 290.67 0.00
Coupon 03/15/2026 92970QAE5 0.00 WFCIT 2024-2 A 4.29
10/15/2029 4.29% 393.25 0.00 393.25 0.00
Coupon 03/15/2026 02582JKP4 0.00 AMXCA 2025-2 A 4.28
04/15/2030 4.28% 606.33 0.00 606.33 0.00
Coupon 03/15/2026 58770YAD3 0.00 MBALT 2026-A A3 3.93
01/15/2030 3.97% 196.50 0.00 196.50 0.00
Coupon 03/15/2026 91282CKE0 0.00

UNITED STATES
TREASURY 4.25
03/15/2027

3.86% 7,437.50 0.00 7,437.50 0.00
Coupon 03/16/2026 362955AD8 0.00 GMCAR 2025-1 A3 4.62
12/17/2029 5.03% 308.00 0.00 308.00 0.00
Coupon 03/16/2026 38014AAD3 0.00 GMCAR 2024-4 A3 4.4
08/16/2029 4.32% 220.00 0.00 220.00 0.00
Coupon 03/20/2026 362962AD4 0.00 GMALT 2025-2 A3 4.58
05/22/2028 4.84% 362.58 0.00 362.58 0.00
Coupon 03/20/2026 459058LR2 0.00

INTERNATIONAL BANK

FOR RECONSTRUCTION
AND DEVELOPM 4.125
03/20/2030

4.20% 2,578.75 0.00 2,578.75 0.00
Coupon 03/20/2026 379965AD8 0.00 GMALT 2025-3 A3 4.17
08/21/2028 4.18% 312.75 0.00 312.75 0.00
Coupon 03/25/2026 096919AD7 0.00 BMWOT 2024-A A3

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 03/31/2026 91282CKG5 0.00

UNITED STATES
TREASURY 4.125
03/31/2029

4.31% 7,218.75 0.00 7,218.75 0.00
Coupon 03/31/2026 91282CFM8 0.00

UNITED STATES
TREASURY 4.125
09/30/2027

4.17% 7,218.75 0.00 7,218.75 0.00
Coupon 03/31/2026 91282CLN9 0.00

UNITED STATES
TREASURY 3.5
09/30/2029

4.09% 7,000.00 0.00 7,000.00 0.00
Coupon 03/31/2026 91282CMU2 0.00

UNITED STATES
TREASURY 4.0
03/31/2030

3.75% 6,000.00 0.00 6,000.00 0.00
Total Coupon 0.00 67,951.47 0.00 67,951.47 0.00
Dividend 03/31/2026 X9USDDGCM 0.00 DREYFUS GVT CM INST 3.54% 211.42 0.00 211.42 0.00 Total Dividend 0.00 211.42 0.00 211.42 0.00
Principal Paydown 03/01/2026 3137FMCR1 207.44 FHMS K-093 A2 2.982 05/25/2029 4.15% 207.44 -- 207.44 (0.00)
Principal Paydown 03/15/2026 47800RAD5 8,820.34 JDOT 2024 A3 4.96 11/15/2028 4.63% 8,820.34 -- 8,820.34 0.00
Principal Paydown 03/15/2026 891940AC2 5,963.21 TAOT 2023-A A3 4.63 09/15/2027 4.63% 5,963.21 -- 5,963.21 0.00
Principal Paydown 03/25/2026 096919AD7 22,847.32 BMWOT 2024-A A3

5.18 02/26/2029 4.69% 22,847.32 -- 22,847.32 0.00
Total Principal
Paydown 37,838.31 37,838.31 -- 37,838.31 0.00

TOTAL OTHER
TRANSACTIONS 37,838.31 106,001.20 0.00 106,001.20 0.00
Item 7.7
Tuesday, May 05, 2026 60 of 177
CONFIDENTIAL | 15
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

CASH & EQUIVALENTS
CCYUSD Receivable
211.40
32,102.17

0.00 0.00
211.40

0.00 0.00

0.00 X9USDDGCM DREYFUS GVT CM INST
118,431.79
44,308.15
137,891.95
(63,768.31)
118,431.79

0.00 320.92

0.00 0.00

0.00 320.92
320.92
Total Cash & Equivalents 118,643.19
76,410.32
137,891.95
(63,768.31)
118,643.19

0.00 320.92

0.00 0.00

0.00 320.92 320.92

FIXED INCOME
00287YDY2 ABBVIE INC 4.65 03/15/2028
02/18/2025
02/26/2025
125,000.00
124,888.72

0.00 0.00
124,893.35
2,680.21
2,906.25
258.33
484.38

4.63 0.00

4.63 489.01
489.01
02079KBK2 ALPHABET INC 4.1
02/15/2031
02/12/2026
02/17/2026
200,000.00
200,011.25

0.00 0.00
200,011.04
410.00

0.00 1,093.33
683.33

0.69 (0.90)
(0.21)
683.13
683.13
025816EJ4 AMERICAN EXPRESS CO 4.351
07/20/2029
07/21/2025
07/25/2025
170,000.00
170,000.00

0.00 0.00
170,000.00
842.40

0.00 1,458.79
616.39

0.00 0.00

0.00 616.39
616.39
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030
05/06/2025
05/13/2025
170,000.00
169,997.42

0.00 0.00
169,997.47
323.38
606.33
323.38
606.33

0.05 0.00

0.05 606.38
606.38
02589BAE0 AMXCA 2024-3 A 4.65
07/15/2027
02/20/2025
02/21/2025
200,000.00
200,313.49

0.00 0.00
200,294.09
413.33
775.00
413.33
775.00

5.202 04/25/2029
08/12/2024
08/13/2024
150,000.00
151,483.57

0.00 0.00
151,425.06
2,731.05

0.00 3,381.30
650.25

0.00 (58.51)
(58.51)
591.74
591.74
06051GMK2 BANK OF AMERICA CORP

4.979 01/24/2029
01/17/2025
01/24/2025
150,000.00
150,000.00

0.00 0.00
150,000.00
767.60

0.00 1,389.97
622.38

0.00 0.00

0.00 622.38
622.38
06368MJG0 BANK OF MONTREAL 5.004
01/27/2029
01/22/2025
01/27/2025
100,000.00
100,000.00

0.00 0.00
100,000.00
472.60

0.00 889.60
417.00

0.00 0.00

0.00 417.00
417.00
06406RBG1 BANK OF NEW YORK MELLON
CORP 3.992 06/13/2028
09/05/2024
09/06/2024
225,000.00
224,130.72

0.00 0.00
224,188.18
1,946.10

0.00 2,694.60
748.50

57.46 0.00

57.46 805.96
805.96
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 317,942.17
343,065.86

0.00 (22,847.32)
319,978.72
294.22
1,471.07
274.49
1,451.35

0.00 (239.81)
(239.81)
1,211.53
1,211.53
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029
10/30/2024
11/05/2024
205,000.00
205,779.98

0.00 0.00
205,760.62
768.75

0.00 1,537.50
768.75

0.00 (19.36)
(19.36)
749.39
749.39
14913UAU4

CATERPILLAR FINANCIAL
SERVICES CORP 4.7
11/15/2029
11/12/2024
11/15/2024
250,000.00
249,697.61

0.00 0.00
249,704.53
3,459.72

0.00 4,438.89
979.17

6.92 0.00

6.92 986.08
986.08
17275RBW1 CISCO SYSTEMS INC 4.55
02/24/2028
03/11/2025
03/12/2025
250,000.00
251,031.40

0.00 0.00
250,985.33
221.18

0.00 1,169.10
947.92

0.00 (46.07)
(46.07)
901.85
901.85
24422EXT1 JOHN DEERE CAPITAL CORP

4.85 06/11/2029
08/12/2024
08/13/2024
225,000.00
227,947.77

0.00 0.00
227,871.50
2,425.00

0.00 3,334.38
909.38

0.00 0.00
232,982.09
272.22

0.00 782.64
510.42
428.21

0.00 428.21
938.63
938.63
30303MAB8 META PLATFORMS INC 4.2
11/15/2030
11/13/2025
11/17/2025
250,000.00
250,454.51

0.00 0.00
250,446.17
3,441.67

0.00 4,316.67
875.00

0.00 (8.34)
(8.34)
866.66
866.66
3130B7QM9 FEDERAL HOME LOAN BANKS

3.5 09/09/2027
09/23/2025
09/24/2025
500,000.00
499,061.28

0.00 0.00
499,113.52
8,263.89
8,652.78
1,069.44
1,458.34

52.24 0.00

52.24 1,510.58
1,510.58
3137F62M8 FHMS K-118 A2 1.493
09/25/2030
01/29/2026
01/30/2026
250,000.00
224,105.06

0.00 0.00
224,593.05
311.04
311.04
311.04
311.04
487.99

0.00 487.99
799.03
799.03
3137F83Q4 FHMS K-121 A2 1.547
10/25/2030
01/08/2026
01/13/2026
250,000.00
224,323.98

0.00 0.00
224,799.18
322.29
322.29
322.29
322.29
475.20

0.00 475.20
797.49
797.49
3137FJEH8 FHMS K-081 A2 3.9
08/25/2028
11/21/2024
11/26/2024
250,000.00
246,274.53

0.00 0.00
246,405.18
812.50
812.50
812.50
812.50
130.64

0.00 130.64
943.14
943.14
3137FJKE8 FHMS K-082 A2 3.92
09/25/2028
06/10/2025
06/13/2025
250,000.00
247,659.74

0.00 0.00
247,739.03
816.67
816.67
816.67
816.67

79.29 0.00

79.29 895.96
895.96
3137FKSH0 FHMS K-086 A2 3.859
11/25/2028
09/18/2024
09/23/2024
150,000.00
150,003.81

0.00 0.00
150,003.69
482.38
482.37
482.38
482.37

0.00 (0.12)
(0.12)
482.25
482.25
3137FLN91 FHMS K-091 A2 3.505
03/25/2029
11/14/2024
11/19/2024
300,000.00
290,936.24

0.00 0.00
291,192.61
876.25
876.25
876.25
876.25
256.37

0.00 (207.44)
142,616.78
366.69
366.69
366.17
366.17
137.25

0.00 137.25
503.43
503.43
3137FNAE0 FHMS K-095 A2 2.785
06/25/2029
03/13/2025
03/18/2025
250,000.00
238,171.84

0.00 0.00
238,480.49
580.21
580.21
580.21
580.21
308.65

0.00 308.65
888.86
888.86
3137FPHK4 FHMS K-098 A2 2.425
08/25/2029
10/17/2024
10/22/2024
300,000.00
283,130.84

0.00 0.00
283,549.53
606.25
606.25
606.25
606.25
418.69

0.00 418.69
1,024.94
1,024.94
3137FRUJ8 FHMS K-105 A2 1.872
01/25/2030
03/17/2025
03/20/2025
275,000.00
250,832.47

0.00 0.00
251,366.85
429.00
429.00
429.00
429.00
534.37

0.00 534.37
963.37
963.37
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029
11/19/2024
11/22/2024
120,000.00
119,997.18

0.00 0.00
119,997.25
245.87
461.00
245.87
461.00

0.07 0.00

0.07 461.07
461.07
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029
01/09/2025
01/15/2025
80,000.00
79,995.42

0.00 0.00
79,995.52
154.00
308.00
154.00
308.00

0.10 0.00

0.10 308.10
308.10
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028
05/20/2025
05/29/2025
95,000.00
94,998.82

0.00 0.00
94,998.87
132.95
362.58
132.95
362.58

0.05 0.00

0.05 362.63
362.63
379965AD8 GMALT 2025-3 A3 4.17
08/21/2028
08/05/2025
08/13/2025
90,000.00
89,988.80

0.00 0.00
89,989.18
114.68
312.75
114.68
312.75

0.38 0.00

0.38 313.13
313.13
38014AAD3 GMCAR 2024-4 A3 4.4
08/16/2029
10/08/2024
10/16/2024
60,000.00
59,991.72

0.00 0.00
59,991.92
110.00
220.00
110.00
220.00

0.20 0.00

0.00 0.00
105,000.00
1,574.68

0.00 1,938.07
363.39

0.00 0.00

0.00 363.39
363.39
44935XAD7 HART 2025-B A3 4.36
12/17/2029
06/03/2025
06/11/2025
80,000.00
79,993.93

0.00 0.00
79,994.07
155.02
290.67
155.02
290.67

0.14 0.00

0.14 290.81
290.81
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
12/13/2024
12/16/2024
350,000.00
345,262.66

0.00 0.00
345,373.49
5,085.50

0.00 6,216.00
1,130.50
110.84

0.00 110.84
1,241.34
1,241.34
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
03/14/2025
03/20/2025
125,000.00
124,638.31

0.00 0.00
124,645.88
2,305.99
2,578.75
157.55
430.31

7.58 0.00

7.58 437.89
437.89
46647PDG8 JPMORGAN CHASE & CO

4.851 07/25/2028
08/12/2024
08/13/2024
150,000.00
150,443.09

0.00 0.00
150,416.21
727.65

0.00 1,334.03
606.38

0.00 (26.88)
(26.88)
579.49
579.49
46647PEU6 JPMORGAN CHASE & CO

4.915 01/24/2029
01/16/2025
01/24/2025
115,000.00
115,000.00

0.00 0.00
115,000.00
580.93

0.00 1,051.95
471.02

0.00 0.00

0.00 471.02
471.02
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
100,000.00
99,995.06

0.00 0.00
99,995.18
188.00
352.50
188.00
352.50

0.12 0.00

0.12 352.62
352.62
47800RAD5 JDOT 2024 A3 4.96
11/15/2028
02/20/2025
02/21/2025
163,135.44
172,604.48

0.00 (8,820.34)
163,721.70
379.07
710.75
359.62
691.31

0.00 (62.45)
(62.45)
628.86
628.86
532457CQ9 ELI LILLY AND CO 4.2
08/14/2029
08/12/2024
08/14/2024
235,000.00
234,840.83

0.00 0.00
234,844.74
466.08

0.00 1,288.58
822.50

3.91 0.00

MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030
03/24/2025
03/25/2025
250,000.00
249,801.01

0.00 0.00
249,805.19
5,360.42
5,812.50
516.67
968.75

4.18 0.00

4.18 972.93
972.93
58770YAD3 MBALT 2026-A A3 3.93
01/15/2030
01/13/2026
01/21/2026
60,000.00
59,988.42

0.00 0.00
59,988.67
104.80
196.50
104.80
196.50

0.25 0.00

0.25 196.75
196.75
58773DAD6 MBART 2025-1 A3 4.78
12/17/2029
01/14/2025
01/23/2025
115,000.00
114,981.04

0.00 0.00
114,981.46
244.31
458.08
244.31
458.08

0.42 0.00

0.42 458.50
458.50
61748UAK8 MORGAN STANLEY 4.133
10/18/2029
10/17/2025
10/22/2025
155,000.00
155,017.18

0.00 0.00
155,016.63
2,295.54

0.00 2,829.38
533.85

0.00 (0.55)
(0.55)
533.29
533.29
62479MES8 MUFG Bank, Ltd., New York
Branch 05/26/2026
09/23/2025
09/23/2025
350,000.00
346,755.89

0.00 0.00
347,925.28

0.00 0.00

0.00 0.00
1,169.39

0.00 1,169.39
1,169.39
1,169.39
63743HFX5

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

4.95 02/07/2030
02/20/2025
02/21/2025
250,000.00
250,434.81

0.00 0.00
250,425.24
825.00

0.00 1,856.25
1,031.25

0.00 (9.57)
(9.57)
1,021.68
1,021.68
69371RT71 PACCAR FINANCIAL CORP

4.55 05/08/2030
05/05/2025
05/08/2025
230,000.00
229,701.48

0.00 0.00
229,707.54
3,284.85

0.00 4,156.93
872.08

6.05 0.00

6.05 878.14
878.14
74340XCQ2 PROLOGIS LP 4.75
01/15/2031
01/14/2026
01/15/2026
250,000.00
255,666.78

0.00 0.00
255,566.40
1,517.36

0.00 2,506.94
989.58

0.00 (100.38)
(100.38)
889.20
889.20
756109CW2 REALTY INCOME CORP 3.95
02/01/2029
01/07/2026
01/08/2026
250,000.00
249,597.12

0.00 0.00
249,608.81
822.92

0.00 1,645.83
822.92

11.69 0.00

0.00 140,339.50

0.00 140,330.34

0.00 0.00
315.00
315.00

0.00 (9.16)
(9.16)
305.84
305.84
857477CP6 STATE STREET CORP 4.33
10/22/2027
11/07/2024
11/08/2024
175,000.00
249,185.99

0.00 (74,760.68)
174,459.63
3,878.96
1,271.94
3,346.73
739.71

34.32 0.00

34.32 774.03
774.03
89115A3E0 TORONTO-DOMINION BANK

4.861 01/31/2028
01/28/2025
01/31/2025
225,000.00
225,000.00

0.00 0.00
225,000.00
941.82

0.00 1,853.26
911.44

0.00 0.00

0.00 911.44
911.44
891940AC2 TAOT 2023-A A3 4.63
09/15/2027
11/14/2024
11/15/2024
32,747.51
38,715.65

0.00 (5,963.21)
32,751.11

79.66 149.36

67.39 137.09

0.00 (1.33)
(1.33)
135.76
135.76
89231HAD8 TAOT 2025-B A3 4.34
11/15/2029
04/24/2025
04/30/2025
65,000.00
64,996.96

0.00 0.00
64,997.03
125.38
235.08
125.38
235.08

0.07 0.00

0.07 235.15
235.15
89236TMK8 TOYOTA MOTOR CREDIT
CORP 4.55 08/09/2029
08/12/2024
08/13/2024
225,000.00
225,391.17

0.00 0.00
225,381.53
625.63

0.00 1,478.75
853.13

0.00 (9.65)
(9.65)
843.48
843.48
89236TNA9 TOYOTA MOTOR CREDIT
CORP 4.95 01/09/2030
01/06/2025
01/09/2025
170,000.00
169,719.08

0.00 0.00
169,725.26
1,215.50

0.00 1,916.75
701.25

6.18 0.00

6.18 707.43
707.43
89239TAD4 TAOT 2024-D A3 4.4
06/15/2029
10/10/2024
10/17/2024
60,000.00
59,997.63

0.00 0.00
59,997.70
117.33
220.00
117.33
220.00

0.06 0.00

0.06 220.06
220.06
91159HJK7 US BANCORP 4.653
02/01/2029
09/05/2024
09/06/2024
200,000.00
200,630.28

0.00 0.00
200,602.44
775.50

0.00 1,551.00
775.50

3.25 06/30/2029
11/18/2024
11/19/2024
350,000.00
338,864.74

0.00 0.00
339,148.38
1,885.36

0.00 2,859.46
974.10
283.64

0.00 283.64
1,257.74
1,257.74
91282CFM8 UNITED STATES TREASURY

4.125 09/30/2027
10/31/2024
11/01/2024
350,000.00
349,739.81

0.00 0.00
349,753.76
6,028.85
7,218.75

39.45 1,229.35

13.95 0.00

13.95 1,243.31
1,243.31
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028
08/08/2024
08/09/2024
375,000.00
375,872.59

0.00 0.00
375,835.53

40.76 7,500.00
1,304.35
8,763.59

0.00 (37.06)
(37.06)
8,726.53
8,726.53
91282CHK0 UNITED STATES TREASURY 4.0
06/30/2028
08/20/2024
08/21/2024
350,000.00
351,818.78

0.00 0.00
351,752.60
2,320.44

0.00 3,519.34
1,198.90

0.00 (66.18)
(66.18)
1,132.72
1,132.72
91282CJC6 UNITED STATES TREASURY

4.625 10/15/2026
08/30/2024
08/30/2024
375,000.00
376,618.27

0.00 0.00
376,398.25
6,527.73

0.00 8,004.81
1,477.08

0.00 (220.03)
(220.03)
1,257.05
1,257.05
91282CJF9 UNITED STATES TREASURY

4.875 10/31/2028
08/08/2024
08/09/2024
375,000.00
384,324.15

0.00 0.00
384,027.69
6,110.58

0.00 7,676.11
1,565.52

0.00 (296.46)
(296.46)
1,269.06
1,269.06
91282CKD2 UNITED STATES TREASURY

4.25 02/28/2029
11/26/2024
11/27/2024
375,000.00
375,412.87

0.00 0.00
375,401.18

43.31 7,968.75
1,385.87
9,311.31

0.00 (11.69)
(11.69)
9,299.62
9,299.62
91282CKE0 UNITED STATES TREASURY

4.25 03/15/2027
08/20/2024
08/21/2024
350,000.00
351,345.24

0.00 0.00
351,235.20
6,862.22
7,437.50
687.16
1,262.44

0.00 (110.03)
(110.03)
1,152.40
1,152.40
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029
11/18/2024
11/19/2024
350,000.00
348,231.52

0.00 0.00
348,280.20
6,028.85
7,218.75

39.45 1,229.35

48.69 0.00

4.625 04/30/2029
08/08/2024
08/09/2024
375,000.00
383,432.44

0.00 0.00
383,206.31
5,797.22

0.00 7,282.46
1,485.24

0.00 (226.13)
(226.13)
1,259.11
1,259.11
91282CKZ3 UNITED STATES TREASURY

4.375 07/15/2027
08/08/2024
08/09/2024
375,000.00
377,249.67

0.00 0.00
377,110.47
2,039.45

0.00 3,444.41
1,404.96

0.00 (139.20)
(139.20)
1,265.75
1,265.75
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029
08/20/2024
08/21/2024
350,000.00
353,204.54

0.00 0.00
353,124.94
1,121.55

0.00 2,320.44
1,198.90

0.00 (79.60)
(79.60)
1,119.30
1,119.30
91282CLK5 UNITED STATES TREASURY

3.625 08/31/2029 400,000.00
400,387.27

0.00 0.00
400,377.88

39.40 7,250.00
1,260.87
8,471.47

36.79 (46.18)
(9.39)
8,462.08
8,462.08
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 400,000.00
392,364.51

0.00 0.00
392,545.33
5,846.15
7,000.00

38.25 1,192.10
180.83

0.00 180.83
1,372.92
1,372.92
91282CLR0 UNITED STATES TREASURY

4.125 10/31/2029 400,000.00
397,297.62

0.00 0.00
397,360.14
5,515.19

0.00 6,928.18
1,412.98

62.52 0.00

62.52 1,475.50
1,475.50
91282CMA6 UNITED STATES TREASURY

4.125 11/30/2029
12/11/2024
12/12/2024
400,000.00
400,413.02

0.00 0.00
400,403.68
4,125.00

0.00 5,530.22
1,405.22

0.00 (9.35)
(9.35)
1,395.87
1,395.87
91282CMD0 UNITED STATES TREASURY

4.375 12/31/2029 400,000.00
398,978.06

0.00 0.00
399,000.68
2,900.55

0.00 4,399.17
1,498.62

25.76 (3.15)

22.61 1,521.23
1,521.23
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030
04/07/2025
04/08/2025
300,000.00
302,767.95

0.00 0.00
302,710.40
5,010.99
6,000.00

32.79 1,021.80

3.875 04/30/2030
09/16/2025
09/17/2025
500,000.00
505,796.92

0.00 0.00
505,678.77
6,476.17

0.00 8,135.36
1,659.19

0.00 (118.15)
(118.15)
1,541.04
1,541.04
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030
06/09/2025
06/10/2025
350,000.00
348,925.04

0.00 0.00
348,946.51
3,500.00

0.00 4,692.31
1,192.31

21.47 0.00

21.47 1,213.78
1,213.78
91282CNK3 UNITED STATES TREASURY

3.875 06/30/2030
07/29/2025
07/30/2025
325,000.00
324,060.66

0.00 0.00
324,079.06
2,087.36

0.00 3,165.83
1,078.47

18.41 0.00

18.41 1,096.88
1,096.88
91282CNN7 UNITED STATES TREASURY

3.875 07/31/2030
08/26/2025
08/27/2025
225,000.00
225,969.28

0.00 0.00
225,950.65
698.46

0.00 1,445.10
746.63

0.00 (18.63)
(18.63)
728.00
728.00
91282CNU1 UNITED STATES TREASURY

3.625 08/15/2028
01/29/2026
01/30/2026
250,000.00
250,151.20

0.00 0.00
250,145.98
350.48

0.00 1,126.55
776.07

0.00 (5.22)
(5.22)
770.85
770.85
91282CNX5 UNITED STATES TREASURY

3.625 08/31/2030
09/16/2025
09/17/2025
500,000.00
500,851.99

0.00 0.00
500,835.92

49.25 9,062.50
1,576.09
10,589.33

0.00 (16.07)
(16.07)
10,573.27
10,573.27
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030
12/09/2025
12/10/2025
150,000.00
148,236.62

0.00 0.00
148,268.13
1,312.50

0.00 1,759.62
447.12

31.51 0.00

31.51 478.62
478.62
91282CPP0 UNITED STATES TREASURY 3.5
12/15/2028
01/29/2026
01/30/2026
250,000.00
249,193.64

0.00 0.00
249,218.14
1,826.92

0.00 2,572.12
745.19

24.51 0.00

24.51 769.70
769.70
91282CPR6 UNITED STATES TREASURY

3.625 12/31/2030
01/29/2026
01/30/2026
350,000.00
347,082.76

0.00 0.00
347,133.97
2,102.90

0.00 3,189.40
1,086.50

51.21 0.00

0.00 0.00
139,817.33
302.94

0.00 781.28
478.33

3.18 0.00

3.18 481.52
481.52
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029
10/17/2024
10/24/2024
110,000.00
109,988.09

0.00 0.00
109,988.37
209.73
393.25
209.73
393.25

0.28 0.00

0.28 393.53
393.53
931142FN8 WALMART INC 4.35
04/28/2030
04/23/2025
04/28/2025
185,000.00
184,733.76

0.00 0.00
184,739.19
2,749.56

0.00 3,420.19
670.63

5.43 0.00

5.43 676.06
676.06
Total Fixed Income 21,216,178.34
21,060,000.89
140,339.50
(112,598.99)
21,091,106.98
159,681.86
101,004.66
161,333.84
102,656.64
5,542.84
(2,177.26)
3,365.58
106,022.22 106,022.22
TOTAL PORTFOLIO 21,334,821.53
21,136,411.21
278,231.45
(176,367.30)
21,209,750.17
159,681.86
101,325.58
161,333.84
102,977.56
5,542.84
(2,177.26)
3,365.58
106,343.14 106,343.14
Item 7.7
Tuesday, May 05, 2026 71 of 177
CONFIDENTIAL | 26
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount APRIL 2026
04/15/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 04/15/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 04/15/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 04/15/2026 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 04/15/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 04/15/2026 Coupon 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 674.29 674.29 04/15/2026 Principal Paydown 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 9,731.19 9,731.19 04/15/2026 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 04/15/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 04/15/2026 Coupon 891940AC2 32,747.51 TAOT 2023-A A3 4.63 09/15/2027 127.49 127.49 04/15/2026 Principal Paydown 891940AC2 32,747.51 TAOT 2023-A A3 4.63 09/15/2027 5,984.37 5,984.37 04/15/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 04/15/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 220.00 220.00 04/15/2026 Coupon 91282CJC6 375,000.00 UNITED STATES TREASURY 4.625 10/15/2026 8,671.88 8,671.88 04/15/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 04/16/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00 04/16/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 220.00 220.00 04/16/2026 Coupon 459058LN1 350,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 6,781.25 6,781.25
04/20/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 362.58 362.58 04/20/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 04/20/2026 Coupon 61748UAK8 155,000.00 MORGAN STANLEY 4.133 10/18/2029 3,131.90 3,131.90 04/21/2026 Coupon 38141GD27 105,000.00 GOLDMAN SACHS GROUP INC 4.153 10/21/2029 2,180.33 2,180.33
04/22/2026 Coupon 857477CP6 175,000.00 STATE STREET CORP 4.33 10/22/2027 3,788.75 3,788.75 04/27/2026 Coupon 06051GLG2 150,000.00 BANK OF AMERICA CORP 5.202 04/25/2029 3,901.50 3,901.50 04/27/2026 Coupon 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 1,372.45 1,372.45 04/27/2026 Principal Paydown 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 4,736.90 4,736.90 04/27/2026 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 04/27/2026 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 04/27/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 Item 7.7
Tuesday, May 05, 2026 72 of 177
CONFIDENTIAL | 27
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/27/2026 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 04/27/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 04/27/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 04/27/2026 Coupon 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 366.17 366.17 04/27/2026 Principal Paydown 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 166.67 166.67 04/27/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 04/27/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 04/27/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 04/28/2026 Coupon 931142FN8 185,000.00 WALMART INC 4.35 04/28/2030 4,023.75 4,023.75 04/30/2026 Coupon 91282CJF9 375,000.00 UNITED STATES TREASURY 4.875 10/31/2028 9,140.63 9,140.63 04/30/2026 Coupon 91282CKP5 375,000.00 UNITED STATES TREASURY 4.625 04/30/2029 8,671.88 8,671.88 04/30/2026 Coupon 91282CLR0 400,000.00 UNITED STATES TREASURY 4.125 10/31/2029 8,250.00 8,250.00 04/30/2026 Coupon 91282CMZ1 500,000.00 UNITED STATES TREASURY 3.875 04/30/2030 9,687.50 9,687.50 April 2026 Total 20,619.12 81,198.08 101,817.20
MAY 2026
05/08/2026 Coupon 69371RT71 230,000.00 PACCAR FINANCIAL CORP 4.55 05/08/2030 5,232.50 5,232.50 05/15/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 05/15/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 05/15/2026 Coupon 14913UAU4 250,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.7 11/15/2029 5,875.00 5,875.00
05/15/2026 Coupon 30303MAB8 250,000.00 META PLATFORMS INC 4.2 11/15/2030 5,600.00 5,600.00 05/15/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 05/15/2026 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 05/15/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 05/15/2026 Coupon 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 634.07 634.07 05/15/2026 Principal Paydown 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 9,314.39 9,314.39 05/15/2026 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 05/15/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 05/15/2026 Coupon 891940AC2 32,747.51 TAOT 2023-A A3 4.63 09/15/2027 104.40 104.40 05/15/2026 Principal Paydown 891940AC2 32,747.51 TAOT 2023-A A3 4.63 09/15/2027 5,783.55 5,783.55 05/15/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 05/15/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 220.00 220.00 Item 7.7
Tuesday, May 05, 2026 73 of 177
CONFIDENTIAL | 28
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/15/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 05/18/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00 05/18/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 220.00 220.00 05/20/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 362.58 362.58 05/20/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 05/25/2026 Coupon 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 1,352.00 1,352.00 05/25/2026 Principal Paydown 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 19,403.75 19,403.75 05/25/2026 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 05/25/2026 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 05/25/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 05/25/2026 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 05/25/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 05/25/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 05/25/2026 Coupon 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 365.76 365.76 05/25/2026 Principal Paydown 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 180.46 180.46 05/25/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 05/25/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 05/25/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 05/26/2026 Final Maturity 62479MES8 350,000.00 MUFG Bank, Ltd., New York Branch 05/26/2026 350,000.00 350,000.00 May 2026 Total 384,682.15 29,592.06 414,274.21
JUNE 2026
06/01/2026 Coupon 91282CMA6 400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 8,250.00 8,250.00 06/01/2026 Coupon 91282CNG2 350,000.00 UNITED STATES TREASURY 4.0 05/31/2030 7,000.00 7,000.00 06/01/2026 Coupon 91282CPN5 150,000.00 UNITED STATES TREASURY 3.5 11/30/2030 2,625.00 2,625.00 06/11/2026 Coupon 24422EXT1 225,000.00 JOHN DEERE CAPITAL CORP 4.85 06/11/2029 5,456.25 5,456.25 06/15/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 06/15/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 06/15/2026 Coupon 06406RBG1 225,000.00 BANK OF NEW YORK MELLON CORP 3.992 06/13/2028 4,491.00 4,491.00
06/15/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 06/15/2026 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 06/15/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 Item 7.7
Tuesday, May 05, 2026 74 of 177
CONFIDENTIAL | 29
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/15/2026 Coupon 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 595.57 595.57 06/15/2026 Principal Paydown 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 8,386.04 8,386.04 06/15/2026 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 06/15/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 06/15/2026 Coupon 891940AC2 32,747.51 TAOT 2023-A A3 4.63 09/15/2027 82.08 82.08 06/15/2026 Principal Paydown 891940AC2 32,747.51 TAOT 2023-A A3 4.63 09/15/2027 5,676.45 5,676.45 06/15/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 06/15/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 220.00 220.00 06/15/2026 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 1,571.89 1,571.89 06/15/2026 Coupon 91282CPP0 250,000.00 UNITED STATES TREASURY 3.5 12/15/2028 4,375.00 4,375.00 06/15/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 06/16/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00 06/16/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 220.00 220.00 06/16/2026 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 258.43 258.43 06/22/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 362.58 362.58 06/22/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 06/25/2026 Coupon 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 1,268.24 1,268.24 06/25/2026 Principal Paydown 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 19,070.27 19,070.27 06/25/2026 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 06/25/2026 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 06/25/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 06/25/2026 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 06/25/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 06/25/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 06/25/2026 Coupon 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 365.31 365.31 06/25/2026 Principal Paydown 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 167.10 167.10 06/25/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 06/25/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 06/25/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 06/30/2026 Coupon 91282CEV9 350,000.00 UNITED STATES TREASURY 3.25 06/30/2029 5,687.50 5,687.50 06/30/2026 Coupon 91282CHK0 350,000.00 UNITED STATES TREASURY 4.0 06/30/2028 7,000.00 7,000.00 06/30/2026 Coupon 91282CMD0 400,000.00 UNITED STATES TREASURY 4.375 12/31/2029 8,750.00 8,750.00 Item 7.7
Tuesday, May 05, 2026 75 of 177
CONFIDENTIAL | 30
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/30/2026 Coupon 91282CNK3 325,000.00 UNITED STATES TREASURY 3.875 06/30/2030 6,296.88 6,296.88 06/30/2026 Coupon 91282CPR6 350,000.00 UNITED STATES TREASURY 3.625 12/31/2030 6,343.75 6,343.75 June 2026 Total 35,130.19 79,014.91 114,145.10
JULY 2026
07/09/2026 Coupon 89236TNA9 170,000.00 TOYOTA MOTOR CREDIT CORP 4.95 01/09/2030 4,207.50 4,207.50 07/15/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 07/15/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 07/15/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 07/15/2026 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 07/15/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 07/15/2026 Coupon 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 560.91 560.91 07/15/2026 Principal Paydown 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 8,599.44 8,599.44 07/15/2026 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 07/15/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 07/15/2026 Coupon 74340XCQ2 250,000.00 PROLOGIS LP 4.75 01/15/2031 5,937.50 5,937.50 07/15/2026 Coupon 891940AC2 32,747.51 TAOT 2023-A A3 4.63 09/15/2027 60.18 60.18 07/15/2026 Principal Paydown 891940AC2 32,747.51 TAOT 2023-A A3 4.63 09/15/2027 5,547.20 5,547.20 07/15/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 07/15/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 214.24 214.24 07/15/2026 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 3,478.30 3,478.30 07/15/2026 Coupon 91282CKZ3 375,000.00 UNITED STATES TREASURY 4.375 07/15/2027 8,203.13 8,203.13 07/15/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 07/16/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00 07/16/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 219.05 219.05 07/16/2026 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 3,100.17 3,100.17 07/20/2026 Coupon 025816EJ4 170,000.00 AMERICAN EXPRESS CO 4.351 07/20/2029 3,698.35 3,698.35 07/20/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 362.58 362.58 07/20/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 07/24/2026 Coupon 06051GMK2 150,000.00 BANK OF AMERICA CORP 4.979 01/24/2029 3,734.25 3,734.25 07/24/2026 Coupon 46647PEU6 115,000.00 JPMORGAN CHASE & CO 4.915 01/24/2029 2,826.13 2,826.13 07/27/2026 Coupon 06368MJG0 100,000.00 BANK OF MONTREAL 5.004 01/27/2029 2,502.00 2,502.00 07/27/2026 Coupon 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 1,185.92 1,185.92 Item 7.7
Tuesday, May 05, 2026 76 of 177
CONFIDENTIAL | 31
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/27/2026 Principal Paydown 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 18,749.88 18,749.88 07/27/2026 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 07/27/2026 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 07/27/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 07/27/2026 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 07/27/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 07/27/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 07/27/2026 Coupon 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 364.89 364.89 07/27/2026 Principal Paydown 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 180.77 180.77 07/27/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 07/27/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 07/27/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 07/27/2026 Coupon 46647PDG8 150,000.00 JPMORGAN CHASE & CO 4.851 07/25/2028 3,638.25 3,638.25 07/31/2026 Coupon 89115A3E0 225,000.00 TORONTO-DOMINION BANK 4.861 01/31/2028 5,468.63 5,468.63 07/31/2026 Coupon 91282CLC3 350,000.00 UNITED STATES TREASURY 4.0 07/31/2029 7,000.00 7,000.00 07/31/2026 Coupon 91282CNN7 225,000.00 UNITED STATES TREASURY 3.875 07/31/2030 4,359.38 4,359.38 July 2026 Total 39,655.75 64,168.63 103,824.38
AUGUST 2026
08/03/2026 Coupon 13063EGT7 205,000.00 CALIFORNIA STATE 4.5 08/01/2029 4,612.50 4,612.50 08/03/2026 Coupon 756109CW2 250,000.00 REALTY INCOME CORP 3.95 02/01/2029 4,937.50 4,937.50 08/03/2026 Coupon 91159HJK7 200,000.00 US BANCORP 4.653 02/01/2029 4,653.00 4,653.00 08/07/2026 Coupon 63743HFX5 250,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.95 02/07/2030 6,187.50 6,187.50
08/10/2026 Coupon 89236TMK8 225,000.00 TOYOTA MOTOR CREDIT CORP 4.55 08/09/2029 5,118.75 5,118.75 08/12/2026 Coupon 92826CAZ5 140,000.00 VISA INC 4.1 02/12/2031 2,870.00 2,870.00 08/14/2026 Coupon 532457CQ9 235,000.00 ELI LILLY AND CO 4.2 08/14/2029 4,935.00 4,935.00 08/17/2026 Coupon 02079KBK2 200,000.00 ALPHABET INC 4.1 02/15/2031 4,145.56 4,145.56 08/17/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 08/17/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 08/17/2026 Coupon 26442CAY0 250,000.00 DUKE ENERGY CAROLINAS LLC 2.45 08/15/2029 3,062.50 3,062.50
08/17/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 Item 7.7
Tuesday, May 05, 2026 77 of 177
CONFIDENTIAL | 32
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/17/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00 08/17/2026 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 2,766.18 2,766.18 08/17/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 207.69 207.69 08/17/2026 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 3,360.02 3,360.02 08/17/2026 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 08/17/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 08/17/2026 Coupon 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 525.36 525.36 08/17/2026 Principal Paydown 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 8,949.39 8,949.39 08/17/2026 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 08/17/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 08/17/2026 Coupon 891940AC2 32,747.51 TAOT 2023-A A3 4.63 09/15/2027 38.78 38.78 08/17/2026 Principal Paydown 891940AC2 32,747.51 TAOT 2023-A A3 4.63 09/15/2027 4,467.50 4,467.50 08/17/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 08/17/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 201.48 201.48 08/17/2026 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 3,201.56 3,201.56 08/17/2026 Coupon 91282CNU1 250,000.00 UNITED STATES TREASURY 3.625 08/15/2028 4,531.25 4,531.25 08/17/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 08/20/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 362.58 362.58 08/20/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 08/24/2026 Coupon 17275RBW1 250,000.00 CISCO SYSTEMS INC 4.55 02/24/2028 5,687.50 5,687.50 08/25/2026 Coupon 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 1,104.99 1,104.99 08/25/2026 Principal Paydown 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 18,264.36 18,264.36 08/25/2026 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 08/25/2026 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 08/25/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 08/25/2026 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 08/25/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 08/25/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 08/25/2026 Coupon 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 364.45 364.45 08/25/2026 Principal Paydown 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 167.53 167.53 08/25/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 08/25/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 Item 7.7
Tuesday, May 05, 2026 78 of 177
CONFIDENTIAL | 33
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/25/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 08/31/2026 Coupon 91282CGP0 375,000.00 UNITED STATES TREASURY 4.0 02/29/2028 7,500.00 7,500.00 08/31/2026 Coupon 91282CKD2 375,000.00 UNITED STATES TREASURY 4.25 02/28/2029 7,968.75 7,968.75 08/31/2026 Coupon 91282CLK5 400,000.00 UNITED STATES TREASURY 3.625 08/31/2029 7,250.00 7,250.00 08/31/2026 Coupon 91282CNX5 500,000.00 UNITED STATES TREASURY 3.625 08/31/2030 9,062.50 9,062.50 August 2026 Total 41,176.54 94,953.38 136,129.92
SEPTEMBER 2026
09/09/2026 Coupon 3130B7QM9 500,000.00 FEDERAL HOME LOAN BANKS 3.5 09/09/2027 8,750.00 8,750.00 09/15/2026 Coupon 00287YDY2 125,000.00 ABBVIE INC 4.65 03/15/2028 2,906.25 2,906.25 09/15/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 09/15/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 09/15/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 09/15/2026 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 6,290.00 6,290.00 09/15/2026 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 09/15/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 09/15/2026 Coupon 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 488.37 488.37 09/15/2026 Principal Paydown 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 10,619.62 10,619.62 09/15/2026 Coupon 571748CA8 250,000.00 MARSH & MCLENNAN COMPANIES INC 4.65 03/15/2030 5,812.50 5,812.50
09/15/2026 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 09/15/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 09/15/2026 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 2,738.22 2,738.22 09/15/2026 Coupon 79466LAQ7 140,000.00 SALESFORCE INC 4.5 03/15/2028 3,185.00 3,185.00 09/15/2026 Coupon 891940AC2 32,747.51 TAOT 2023-A A3 4.63 09/15/2027 21.54 21.54 09/15/2026 Principal Paydown 891940AC2 32,747.51 TAOT 2023-A A3 4.63 09/15/2027 4,088.44 4,088.44 09/15/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 09/15/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 189.74 189.74 09/15/2026 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 3,099.05 3,099.05 09/15/2026 Coupon 91282CKE0 350,000.00 UNITED STATES TREASURY 4.25 03/15/2027 7,437.50 7,437.50 09/15/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 09/16/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 297.35 297.35 09/16/2026 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 3,382.17 3,382.17 Item 7.7
Tuesday, May 05, 2026 79 of 177
CONFIDENTIAL | 34
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/16/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 195.37 195.37 09/16/2026 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 3,305.45 3,305.45 09/21/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 362.58 362.58 09/21/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 09/21/2026 Coupon 459058LR2 125,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 2,578.13 2,578.13
09/25/2026 Coupon 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 1,026.15 1,026.15 09/25/2026 Principal Paydown 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 17,937.01 17,937.01 09/25/2026 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 09/25/2026 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 09/25/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 09/25/2026 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 09/25/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 09/25/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 09/25/2026 Coupon 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 364.03 364.03 09/25/2026 Principal Paydown 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 167.72 167.72 09/25/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 09/25/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 09/25/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 09/30/2026 Coupon 91282CFM8 350,000.00 UNITED STATES TREASURY 4.125 09/30/2027 7,218.75 7,218.75 09/30/2026 Coupon 91282CKG5 350,000.00 UNITED STATES TREASURY 4.125 03/31/2029 7,218.75 7,218.75 09/30/2026 Coupon 91282CLN9 400,000.00 UNITED STATES TREASURY 3.5 09/30/2029 7,000.00 7,000.00 09/30/2026 Coupon 91282CMU2 300,000.00 UNITED STATES TREASURY 4.0 03/31/2030 6,000.00 6,000.00 September 2026
Total 51,627.67 70,369.76 121,997.43
OCTOBER 2026
10/15/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 10/15/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 10/15/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 436.84 436.84 10/15/2026 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 4,359.86 4,359.86 10/15/2026 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 10/15/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 Item 7.7
Tuesday, May 05, 2026 80 of 177
CONFIDENTIAL | 35
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/15/2026 Coupon 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 444.48 444.48 10/15/2026 Principal Paydown 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 9,812.11 9,812.11 10/15/2026 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 10/15/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 447.18 447.18 10/15/2026 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 5,637.88 5,637.88 10/15/2026 Coupon 891940AC2 32,747.51 TAOT 2023-A A3 4.63 09/15/2027 5.77 5.77 10/15/2026 Effective Maturity 891940AC2 32,747.51 TAOT 2023-A A3 4.63 09/15/2027 1,494.34 1,494.34 10/15/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 10/15/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 178.38 178.38 10/15/2026 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 2,983.91 2,983.91 10/15/2026 Coupon 91282CJC6 375,000.00 UNITED STATES TREASURY 4.625 10/15/2026 8,671.88 8,671.88 10/15/2026 Final Maturity 91282CJC6 375,000.00 UNITED STATES TREASURY 4.625 10/15/2026 375,000.00 375,000.00 10/15/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 10/16/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 284.33 284.33 10/16/2026 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 4,198.37 4,198.37 10/16/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 183.25 183.25 10/16/2026 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 3,180.19 3,180.19 10/16/2026 Coupon 459058LN1 350,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 6,781.25 6,781.25
10/19/2026 Coupon 61748UAK8 155,000.00 MORGAN STANLEY 4.133 10/18/2029 3,203.08 3,203.08 10/20/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 362.58 362.58 10/20/2026 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 10,495.42 10,495.42 10/20/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 10/21/2026 Coupon 38141GD27 105,000.00 GOLDMAN SACHS GROUP INC 4.153 10/21/2029 2,180.33 2,180.33
10/22/2026 Coupon 857477CP6 175,000.00 STATE STREET CORP 4.33 10/22/2027 3,788.75 3,788.75 10/26/2026 Coupon 06051GLG2 150,000.00 BANK OF AMERICA CORP 5.202 04/25/2029 3,901.50 3,901.50 10/26/2026 Coupon 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 948.72 948.72 10/26/2026 Principal Paydown 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 16,419.54 16,419.54 10/26/2026 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 10/26/2026 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 10/26/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 Item 7.7
Tuesday, May 05, 2026 81 of 177
CONFIDENTIAL | 36
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/26/2026 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 10/26/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 10/26/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 10/26/2026 Coupon 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 363.61 363.61 10/26/2026 Principal Paydown 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 181.21 181.21 10/26/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 10/26/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 10/26/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 10/28/2026 Coupon 931142FN8 185,000.00 WALMART INC 4.35 04/28/2030 4,023.75 4,023.75 October 2026 Total 433,762.83 44,604.32 478,367.15
NOVEMBER 2026
11/02/2026 Coupon 91282CJF9 375,000.00 UNITED STATES TREASURY 4.875 10/31/2028 9,140.63 9,140.63 11/02/2026 Coupon 91282CKP5 375,000.00 UNITED STATES TREASURY 4.625 04/30/2029 8,671.88 8,671.88 11/02/2026 Coupon 91282CLR0 400,000.00 UNITED STATES TREASURY 4.125 10/31/2029 8,250.00 8,250.00 11/02/2026 Coupon 91282CMZ1 500,000.00 UNITED STATES TREASURY 3.875 04/30/2030 9,687.50 9,687.50 11/09/2026 Coupon 69371RT71 230,000.00 PACCAR FINANCIAL CORP 4.55 05/08/2030 5,232.50 5,232.50 11/16/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 11/16/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 11/16/2026 Coupon 14913UAU4 250,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.7 11/15/2029 5,875.00 5,875.00
11/16/2026 Coupon 30303MAB8 250,000.00 META PLATFORMS INC 4.2 11/15/2030 5,250.00 5,250.00 11/16/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 420.09 420.09 11/16/2026 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 6,582.95 6,582.95 11/16/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 268.17 268.17 11/16/2026 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 4,119.82 4,119.82 11/16/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 171.58 171.58 11/16/2026 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 3,120.37 3,120.37 11/16/2026 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 11/16/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 11/16/2026 Coupon 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 403.92 403.92 11/16/2026 Principal Paydown 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 11,705.72 11,705.72 11/16/2026 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 Item 7.7
Tuesday, May 05, 2026 82 of 177
CONFIDENTIAL | 37
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/16/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 424.72 424.72 11/16/2026 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 5,537.21 5,537.21 11/16/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 11/16/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 167.44 167.44 11/16/2026 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 2,926.39 2,926.39 11/16/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 11/20/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 322.53 322.53 11/20/2026 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 10,244.76 10,244.76 11/20/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 11/25/2026 Coupon 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 877.84 877.84 11/25/2026 Principal Paydown 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 16,102.64 16,102.64 11/25/2026 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 11/25/2026 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 11/25/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 11/25/2026 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 11/25/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 11/25/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 11/25/2026 Coupon 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 363.16 363.16 11/25/2026 Principal Paydown 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 168.13 168.13 11/25/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 11/25/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 11/25/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 11/30/2026 Coupon 91282CMA6 400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 8,250.00 8,250.00 11/30/2026 Coupon 91282CNG2 350,000.00 UNITED STATES TREASURY 4.0 05/31/2030 7,000.00 7,000.00 11/30/2026 Coupon 91282CPN5 150,000.00 UNITED STATES TREASURY 3.5 11/30/2030 2,625.00 2,625.00 November 2026
Total 60,507.98 81,800.61 142,308.59
DECEMBER 2026
12/11/2026 Coupon 24422EXT1 225,000.00 JOHN DEERE CAPITAL CORP 4.85 06/11/2029 5,456.25 5,456.25 12/14/2026 Coupon 06406RBG1 225,000.00 BANK OF NEW YORK MELLON CORP 3.992 06/13/2028 4,491.00 4,491.00
12/15/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 Item 7.7
Tuesday, May 05, 2026 83 of 177
CONFIDENTIAL | 38
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/15/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 12/15/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 394.80 394.80 12/15/2026 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 6,194.56 6,194.56 12/15/2026 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 12/15/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 12/15/2026 Coupon 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 355.54 355.54 12/15/2026 Principal Paydown 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 7,930.53 7,930.53 12/15/2026 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 12/15/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 402.66 402.66 12/15/2026 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 5,240.41 5,240.41 12/15/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 12/15/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 156.71 156.71 12/15/2026 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 2,781.78 2,781.78 12/15/2026 Coupon 91282CPP0 250,000.00 UNITED STATES TREASURY 3.5 12/15/2028 4,375.00 4,375.00 12/15/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 12/16/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 252.30 252.30 12/16/2026 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 3,904.43 3,904.43 12/16/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 160.14 160.14 12/16/2026 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 2,959.14 2,959.14 12/21/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 283.43 283.43 12/21/2026 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 13,033.34 13,033.34 12/21/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 12/25/2026 Coupon 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 808.33 808.33 12/25/2026 Principal Paydown 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 15,367.26 15,367.26 12/25/2026 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 12/25/2026 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 12/25/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 12/25/2026 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 12/25/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 12/25/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 12/25/2026 Coupon 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 362.74 362.74 12/25/2026 Principal Paydown 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 181.51 181.51 Item 7.7
Tuesday, May 05, 2026 84 of 177
CONFIDENTIAL | 39
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/25/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 12/25/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 12/25/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 12/31/2026 Coupon 91282CEV9 350,000.00 UNITED STATES TREASURY 3.25 06/30/2029 5,687.50 5,687.50 12/31/2026 Coupon 91282CHK0 350,000.00 UNITED STATES TREASURY 4.0 06/30/2028 7,000.00 7,000.00 12/31/2026 Coupon 91282CMD0 400,000.00 UNITED STATES TREASURY 4.375 12/31/2029 8,750.00 8,750.00 12/31/2026 Coupon 91282CNK3 325,000.00 UNITED STATES TREASURY 3.875 06/30/2030 6,296.88 6,296.88 12/31/2026 Coupon 91282CPR6 350,000.00 UNITED STATES TREASURY 3.625 12/31/2030 6,343.75 6,343.75 December 2026
Total 57,592.95 59,975.70 117,568.65
JANUARY 2027
01/11/2027 Coupon 89236TNA9 170,000.00 TOYOTA MOTOR CREDIT CORP 4.95 01/09/2030 4,207.50 4,207.50 01/15/2027 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 01/15/2027 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 01/15/2027 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 371.00 371.00 01/15/2027 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 6,089.38 6,089.38 01/15/2027 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 01/15/2027 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 01/15/2027 Principal Paydown 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 837.88 837.88 01/15/2027 Coupon 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 322.76 322.76 01/15/2027 Principal Paydown 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 11,514.11 11,514.11 01/15/2027 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 01/15/2027 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 381.79 381.79 01/15/2027 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 5,160.99 5,160.99 01/15/2027 Coupon 74340XCQ2 250,000.00 PROLOGIS LP 4.75 01/15/2031 5,937.50 5,937.50 01/15/2027 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 01/15/2027 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 146.51 146.51 01/15/2027 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 2,735.68 2,735.68 01/15/2027 Coupon 91282CKZ3 375,000.00 UNITED STATES TREASURY 4.375 07/15/2027 8,203.13 8,203.13 01/15/2027 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 01/18/2027 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 237.27 237.27 01/18/2027 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 3,841.34 3,841.34 Item 7.7
Tuesday, May 05, 2026 85 of 177
CONFIDENTIAL | 40
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/18/2027 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 149.29 149.29 01/18/2027 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 2,911.00 2,911.00 01/20/2027 Coupon 025816EJ4 170,000.00 AMERICAN EXPRESS CO 4.351 07/20/2029 3,698.35 3,698.35 01/20/2027 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 233.68 233.68 01/20/2027 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 13,353.49 13,353.49 01/20/2027 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 01/20/2027 Principal Paydown 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 9,452.05 9,452.05 01/25/2027 Coupon 06051GMK2 150,000.00 BANK OF AMERICA CORP 4.979 01/24/2029 3,734.25 3,734.25 01/25/2027 Coupon 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 741.99 741.99 01/25/2027 Principal Paydown 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 15,112.56 15,112.56 01/25/2027 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 01/25/2027 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 01/25/2027 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 01/25/2027 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 01/25/2027 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 01/25/2027 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 01/25/2027 Coupon 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 362.29 362.29 01/25/2027 Principal Paydown 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 168.54 168.54 01/25/2027 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 01/25/2027 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 01/25/2027 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 01/25/2027 Coupon 46647PDG8 150,000.00 JPMORGAN CHASE & CO 4.851 07/25/2028 3,638.25 3,638.25 01/25/2027 Coupon 46647PEU6 115,000.00 JPMORGAN CHASE & CO 4.915 01/24/2029 2,826.13 2,826.13 01/27/2027 Coupon 06368MJG0 100,000.00 BANK OF MONTREAL 5.004 01/27/2029 2,502.00 2,502.00 January 2027 Total 71,177.01 46,092.36 117,269.36
FEBRUARY 2027
02/01/2027 Coupon 13063EGT7 205,000.00 CALIFORNIA STATE 4.5 08/01/2029 4,612.50 4,612.50 02/01/2027 Coupon 756109CW2 250,000.00 REALTY INCOME CORP 3.95 02/01/2029 4,937.50 4,937.50 02/01/2027 Coupon 89115A3E0 225,000.00 TORONTO-DOMINION BANK 4.861 01/31/2028 5,468.63 5,468.63 02/01/2027 Coupon 91159HJK7 200,000.00 US BANCORP 4.653 02/01/2029 4,653.00 4,653.00 02/01/2027 Coupon 91282CLC3 350,000.00 UNITED STATES TREASURY 4.0 07/31/2029 7,000.00 7,000.00 02/01/2027 Coupon 91282CNN7 225,000.00 UNITED STATES TREASURY 3.875 07/31/2030 4,359.38 4,359.38 Item 7.7
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CONFIDENTIAL | 41
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/08/2027 Coupon 63743HFX5 250,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.95 02/07/2030 6,187.50 6,187.50
02/09/2027 Coupon 89236TMK8 225,000.00 TOYOTA MOTOR CREDIT CORP 4.55 08/09/2029 5,118.75 5,118.75 02/12/2027 Coupon 92826CAZ5 140,000.00 VISA INC 4.1 02/12/2031 2,870.00 2,870.00 02/15/2027 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 347.61 347.61 02/15/2027 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 6,027.64 6,027.64 02/15/2027 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 02/15/2027 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 349.55 349.55 02/15/2027 Principal Paydown 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 6,821.49 6,821.49 02/15/2027 Coupon 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 275.17 275.17 02/15/2027 Principal Paydown 47800RAD5 163,135.44 JDOT 2024 A3 4.96 11/15/2028 7,744.62 7,744.62 02/15/2027 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 02/15/2027 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 361.23 361.23 02/15/2027 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 5,118.80 5,118.80 02/15/2027 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 02/15/2027 Principal Paydown 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 1,119.09 1,119.09 02/15/2027 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 136.48 136.48 02/15/2027 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 2,706.06 2,706.06 02/16/2027 Coupon 02079KBK2 200,000.00 ALPHABET INC 4.1 02/15/2031 4,100.00 4,100.00 02/16/2027 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 02/16/2027 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 02/16/2027 Coupon 26442CAY0 250,000.00 DUKE ENERGY CAROLINAS LLC 2.45 08/15/2029 3,062.50 3,062.50
02/16/2027 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 222.48 222.48 02/16/2027 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 3,612.82 3,612.82 02/16/2027 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 138.62 138.62 02/16/2027 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 2,882.03 2,882.03 02/16/2027 Coupon 532457CQ9 235,000.00 ELI LILLY AND CO 4.2 08/14/2029 4,935.00 4,935.00 02/16/2027 Coupon 91282CNU1 250,000.00 UNITED STATES TREASURY 3.625 08/15/2028 4,531.25 4,531.25 02/16/2027 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 02/22/2027 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 182.72 182.72 02/22/2027 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 10,808.08 10,808.08 Item 7.7
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CONFIDENTIAL | 42
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/22/2027 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 279.90 279.90 02/22/2027 Principal Paydown 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 9,561.97 9,561.97 02/24/2027 Coupon 17275RBW1 250,000.00 CISCO SYSTEMS INC 4.55 02/24/2028 5,687.50 5,687.50 02/25/2027 Coupon 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 676.76 676.76 02/25/2027 Principal Paydown 096919AD7 317,942.17 BMWOT 2024-A A3 5.18 02/26/2029 14,935.68 14,935.68 02/25/2027 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 02/25/2027 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 02/25/2027 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 02/25/2027 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 02/25/2027 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 02/25/2027 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 02/25/2027 Coupon 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 361.87 361.87 02/25/2027 Principal Paydown 3137FMCR1 147,353.21 FHMS K-093 A2 2.982 05/25/2029 168.71 168.71 02/25/2027 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 02/25/2027 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 02/25/2027 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 February 2027
Total 71,506.98 78,589.30 150,096.28
Grand Total 87,968,943.34 1,267,439.18 730,359.10 1,997,798.29 Item 7.7
Tuesday, May 05, 2026 88 of 177
CONFIDENTIAL | 43
City of Campbell | Account #11214 | As of March 31, 2026 Execution Time: 04/03/2026 08:40:53 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

IMPORTANT DISCLOSURES
Chandler Asset Management, Inc. (“Chandler”) is an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV).

To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.

Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.

Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.

Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance: Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN “AS IS” BASIS; ICE, ITS AFFILIATES AND

THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM.

NEITHER ICE DATA, ITS AFFILIATES OR THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN “AS IS” BASIS AND LICENSEE’S USE IS AT LICENSEE’S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.

Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.

Ratings: Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest.

LGIP Yields: Reported yields for local government investment pools may be presented as either the 30-day yield or the monthly distribution yield, as applicable. For certain funds, the 30-day yield is calculated using reported daily yield data. Yield calculations are subject to change and may not be directly comparable across funds.

LAIF Yields: Additional Disclosure for CA Clients - As a result of a reporting lag from the Local Agency Investment Fund (LAIF), reported LAIF yields represent the most recently available Daily Effective Yield and may reflect data from approximately 7–10 days prior to month-end.

BENCHMARK INDEX & DISCLOSURES
Benchmark Disclosure
ICE BofA 1-5 Yr US Treasury & Agency
Index
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.

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City Council Report
DATE: May 5, 2026
TITLE: Investment Report - Quarter Ending March 31, 2026 RECOMMENDED ACTION:

That the City Council approve the Investment Report for the quarter ending March 31, 2026, and the report be noted and filed.

DISCUSSION
The City invests in fixed income securities of varying maturities providing sufficient liquidity to meet the City’s operational needs as well as safety and return objectives as specified in the City’s FY 2025-26 Investment Strategy discussed with the City Council on September 16, 2025.

During the quarter ending March 31, 2026, the City’s pooled investment portfolio increased by $6.3 million to a total of $56.7 million (see Table 1). This growth was primarily driven by $9.6 million in property tax receipts and other anticipated revenues, partially offset by normal operational spending.

The City earned $581,000 in interest during the quarter from its LAIF, CAMP, and BNY/Chandler investment accounts.

Table 1
The City pools all cash for investment purposes, but accounts, reports, and tracks investment income, other revenue, and expenditures separately for each fund to properly meet the purpose and restrictions of each funding source. This is common and appropriate practice used in public agencies to gain the benefit of economies of scale when investing.

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The following are the yields for all 3 accounts.

Table 1a
All investments are also made in accordance with the City's FY 2025-26 Investment Policy (Approved by Resolution No. 13334 on September 16, 2025) or as authorized pursuant to bond covenants. Presented within this report are the following. Staff and Chandler can assist with questions as needed on the new reporting statement. As Chandler is fully integrated and onboard, reports may also be refined over time to ensure maximum benefit and transparency:
 Summary of investments by type- Qtr. ending March 2026 (Table 2)  List of investments by institution- Qtr. ending March 2026 (Table 3)  Reconciliation of pooled cash- Qtr. ending March 2026 (Table 4)  Summary of Total Cash Invested- Qtr. ending March 2026 (Table 5)  BNY Qtrly statement (Chandler)- Qtr. ending March 2026 (Attachment A)  Cash flow projections for April 2026 through September 2026 (Attachment B)  Actual Receipts & Disbursements -Qtr. ending March 2026 (Attachment C) Table 2
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Cash Flow
The cash flow projection indicates that the City of Campbell will have sufficient funds to meet anticipated expenditures from April through September 2026 (see Attachment B).

As of March 31, 2026, the City held $38.2 million in liquid assets, including $3.7 million in cash on deposit and $34.5 million in highly liquid LAIF and CAMP funds. Of this total, $9.7 million was restricted within the Measure K sales tax escrow CAMP account and the Measure O project bond LAIF accounts.

Over the next six months, staff projects a net operational cash outflow of $13.0 million, reducing total managed liquidity to $25.2 million by the end of September 2026. Of this amount, $15.7 million will be unrestricted funds across the City’s cash, LAIF, and CAMP money market accounts, while $9.5 million will be restricted solely in the Measure K escrow account, as the remaining Measure O bond project funds should be fully spent. The projected sharp decrease will be primarily driven by the annual FY2027 prepayments for the CalPERS unfunded pension liability and JPA insurance premiums, scheduled bond debt service payments and seasonal upticks in accounts payable activity.

Table 3
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* The City intends to hold treasury/agency securities to maturity or until they are called, as a result this is a paper gain and/or loss that will not be realized. In a decreasing interest rate environment, as we are experiencing, unrealized gains are expected. ** Cash with fiscal agent held for debt service payments. *** Staff prioritizes safety, liquidity, and maximizing return in that order.

Table 4
Table 5
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FISCAL IMPACT
There are no fiscal impacts for accepting this informational report PREPARED BY: John Formale, Accountant
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Report Approval Details
Document Title: Investment Report - Quarter Ending March 2026.docx Attachments: Chandler QTRLY BNY Investment Report- 3.31.26.pdf Cashflow projections.pdf
Actual Results.pdf
Final Approval Date: April 29, 2026
This document and all of its attachments were approved and signed as outlined below:

Will Fuentes, Finance Director
Andrea Sanders, City Clerk
Brian Loventhal, City Manager
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INVESTMENT REPORT
City of Campbell | As of March 31, 2026
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

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TABLE OF CONTENTS

ECONOMIC UPDATE

ACCOUNT PROFILE

PORTFOLIO HOLDINGS

TRANSACTIONS
1 Item 7.8
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ECONOMIC UPDATE
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▪
▪
▪
March payrolls rebounded by 178,000 after February’s revised 133,000 decline, but the war in Iran and its disruption of the Strait of Hormuz have pushed crude oil above $112, injecting a potential inflationary shock into an economy contending with sticky core prices above 3%.

The Federal Reserve has held the funds rate at 3.50–3.75% and is signaling a cautionary stance, keeping open the option of delaying cuts if oil‑related inflation proves persistent rather than transitory. As the data flow normalizes, the Chandler team anticipates additional yield curve steepening as the Federal Reserve gradually guides the policy rate toward a more neutral range. The Federal Reserve’s March dot plot still projects one cut this year, yet the Iran-driven energy shock has narrowed the path toward easing.

The Federal Reserve’s March 2026 FOMC meeting ended with policymakers again holding the target range at 3.50%–3.75%, as the Committee maintained its pause following three late‑2025 rate cuts. Governor Stephen Miran dissented in favor of an additional quarter‑point reduction, while Christopher Waller joined the majority, tipping the vote 11–1 to leave the benchmark rate unchanged.

Meanwhile, President Trump’s nomination of Kevin Warsh to succeed Jerome Powell as chair has hit a roadblock after a Republican senator vowed to block Warsh’s confirmation amid the Justice Department’s ongoing probe of the central bank.

Treasury yields exhibited considerable first-quarter volatility as the Iran conflict injected energy-driven inflation fears into a market grappling with sticky core prices. At March month-end, the 2-year yield stood at 3.79%, up 32 basis points year-to-date, the 10-year at

4.32%, and the 30-year at 4.86%. The 2-year to 10-year spread narrowed to 52 basis points, reflecting pronounced flattening as short rates rose faster than longer maturities. One year ago, that spread stood near 32 basis points, providing context on normalization since the 2022 through 2024 yield curve inversion. The 3-month to 10-year spread was approximately 64 basis points at March month-end.

ECONOMIC UPDATE
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-400
-200
0 200
400
600
800
1,000
MOM Change In Thousands (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3-month average (000's)

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
March nonfarm payrolls rose by 178,000, a decisive reversal from February’s revised 133,000 decline that had been distorted by a Kaiser Permanente strike affecting over 30,000 healthcare workers and severe winter weather. Healthcare contributed 76,000 positions as striking nurses returned, while construction and leisure rebounded from weather-induced troughs. The unemployment rate edged lower to

4.3%, though partly from a labor force reduction rather than a hiring acceleration. Meanwhile, the underemployment rate edged up to

8.0% from 7.9% in February. Average hourly earnings rose 0.2% over the month and 3.5% year over year—the slowest annual pace since May 2021.

Source: US Department of Labor Source: US Department of Labor

EMPLOYMENT
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0 2,000
4,000
6,000
8,000
10,000
12,000
14,000
Job Openings
Recession
Historical Average In Thousands (000's) Job openings fell to 6.9 million in February from a revised 7.2 million in January, according to the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. The ratio of openings to unemployed workers slipped to 0.9, reinforcing the gradual rebalancing of demand and supply. Hires decreased to 4.8 million, the lowest since April 2020, suggesting employers have grown selective about adding headcount. Quits were little changed at 3 million. The data reflects a labor market consistent with the Federal Reserve’s characterization of a no-hire, no-fire environment.

Source: US Department of Labor

JOB OPENINGS & LABOR TURNOVER SURVEY
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0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY (%) Change

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator
YOY % Change
PCE Core Deflator
YOY % Change
Fed Target
YOY (%) Change
Consumer Price Index (CPI) for March surged 0.9%, the highest monthly rate since June 2022, and was up 3.3% on an annual basis primarily due to spikes in energy and airfare prices. Notably, Core CPI was little changed with a monthly increase of 0.2% and an annual rise of 2.6% as costs for services and other goods remained subdued. Personal Consumption Expenditures (PCE) were little changed in February, with the headline PCE Price Index up 0.4% month-over-month and 2.8% year-over-year. The Fed’s preferred metric, Core PCE, which excludes food and energy, rose 0.4% during the month and 3.0% from February of 2025.

Source: US Department of Labor Source: US Department of Commerce

INFLATION
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0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%
Retail Sales YOY % Change
YOY (%) Change
The Conference Board’s Consumer Confidence Index edged up to 91.8 in March from 91.0 in February, a second consecutive gain that nonetheless sits well below the all-time peak of 144.7 from early 2000. The Present Situation component rose 4.6 points to 123.3 on favorable assessments of business and labor conditions, while the Expectations Index slipped 1.7 points to 70.9. Inflation expectations climbed to their highest since August 2025, reflecting tariff passthrough and elevated gasoline prices. February retail sales rebounded

0.6% from January, with stronger auto and broad-based discretionary spending offsetting January’s weather- and vehicle-related weakness; the control group also advanced 0.5%, signaling firmer underlying consumer demand. 0 20
40 60
80 100
120
140
160
Index Level
Consumer Confidence
Recession
Source: US Department of Commerce Source: The Conference Board All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09)

CONSUMER
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-25.0%
-20.0%
-15.0%
-10.0%
-5.0%

0.0%

5.0%

10.0%

15.0%
Leading Economic Indicators (LEI)
Recession
YOY (%) Change
-1.00
-0.75
-0.50
-0.25

0.00 0.25

0.50 0.75

1.00 Chicago Fed National Activity Index (CFNAI)
Recession
3 Month Average
The Chicago Fed National Activity Index (CFNAI) fell to ‑0.11 in February, following a positive revision to 0.20 in January. The index’s three‑month moving average edged up to ‑0.01 from ‑0.02 the prior month. Production and employment related indicators turned negative in February, while sales, orders, and inventories also remained in negative territory. The personal consumption and housing categories slipped modestly but stayed in positive territory. The Conference Board’s Leading Economic Index (LEI) declined 0.1% in January, an improvement from ‑0.2% in December, with consumer expectations and building permits the largest drags on the index. On a year‑over‑year basis, the LEI fell 3.8%, continuing to signal slower economic growth heading into 2026. Notably, the latest LEI data do not yet reflect the impact of the war in Iran.

Source: The Conference Board Source: Federal Reserve Bank of Chicago

LEADING INDICATORS OF ECONOMIC ACTIVITY
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0 200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing starts rose 7.2% in January to an annualized pace of 1.487 million units, including 935,000 single-family and 552,000 multifamily starts. The January S&P Cotality Case-Shiller 20-City Composite posted a 1.18% year-over-year gain, continuing deceleration from December’s revised 1.43% annual increase. Inflation again outpaced home price appreciation, extending the erosion of real housing returns that began in the second half of 2025. The Freddie Mac 30-year fixed mortgage rate climbed to 6.46% as of April 2, its fifth consecutive weekly rise, reversing progress made when rates dipped below 6% in February. Higher borrowing costs and elevated prices continue to constrain affordability.

Source: US Department of Commerce Source: S&P
-20.0%
-16.0%
-12.0%
-8.0%
-4.0%

0.0%

4.0%

8.0%

12.0%

16.0%

20.0%

24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
Recession
YOY (%) Change

HOUSING
9 Item 7.8
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40 45
50 55
60 65
70 Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services

EXPANDING

CONTRACTING
The Institute for Supply Management’s Manufacturing Index rose to 52.7 in March from 52.4, the fastest factory expansion since August 2022 and a third consecutive month above 50. Production accelerated to 55.1 from 53.5, though new orders decelerated to 53.5 from 55.8.

The prices subindex leaped to 78.3 from 70.5, reflecting elevated energy costs, metals tariffs, and Iran-related supply disruptions.

Employment remained in contraction at 48.7. The Services Index eased to 54.0 in March from 56.1 in February but still posted its 21st consecutive month of expansion. The expansion was mainly from an increase in prices, amid higher oil and fuel costs. With both measures above the 50 threshold, ISM data point toward a resilient if cost-pressured economy.

Source: Institute for Supply Management

SURVEY BASED MEASURES
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Components of GDP 3/25 6/25 9/25 12/25

0.4% 1.7% 2.3% 1.3%

3.8% -2.7% 0.0% 0.4%
-4.7% 4.8% 1.6% -0.2%
-0.4% -0.4% 0.2% -1.2%

0.2% 0.3% 0.2% 0.2%
-0.6% 3.8% 4.4% 0.5%
State and Local (Consumption and Gross
Investment)
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Source: US Department of Commerce Source: US Department of Commerce The third and final estimate of real gross domestic product (GDP) showed fourth-quarter growth revised down to 0.5% from the initial

1.4% estimate. The slowdown from 4.4% in the third quarter primarily reflected a sharp pullback in government spending, as the federal government shutdown weighed on activity. The Bureau of Labor Statistics expects statistical distortions will persist into the spring due to data collection disruptions. Personal Consumption Expenditures also declined across both goods and services.

GROSS DOMESTIC PRODUCT (GDP)
11 Item 7.8
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Source: Federal Reserve Source: Bloomberg
0 1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
Recession
In $ millions
The Federal Reserve left its benchmark interest rate unchanged in March, keeping the target range at 3.50% to 3.75% following three late‑2025 rate cuts that were justified by signs of softening in the labor market. The Federal Open Market Committee minutes showed some participants supported two-sided language on future rate direction given the upside risks to inflation and downside risks to employment being elevated. However, policymakers have grown wary of potential inflationary pressures stemming from tariffs, the war in Iran, and the ensuing spike in commodity prices. The Federal Reserve now projects just one rate cut in 2026, even as inflation expectations rise. The Committee also reaffirmed its December decision to halt balance sheet runoff and to reinvest principal and interest payments from its securities holdings, signaling a continued emphasis on maintaining ample reserves and supporting orderly market functioning.

FEDERAL RESERVE

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
Effective Federal Funds Rate
Recession
Yield (%)
12 Item 7.8
Tuesday, May 05, 2026 109 of 177
Source: Bloomberg Source: Bloomberg

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%

5.5%
US Treasury Yield Curve
Mar-26
Dec-25
Mar-25
Yield (%)
At March month-end, the 2-year Treasury yield stood at 3.79%, down approximately 9 basis points from one year ago, while the 10-year finished at 4.32%, roughly 11 basis points higher year-over-year. The spread between the two narrowed to 52 basis points, wider by 20 basis points year-over-year. The prior 2-year to 10-year inversion from July 2022 through August 2024 was historically long. The average spread since 2005 is approximately 95 basis points, suggesting the current slope sits well below its long-run norm. The 3-month to 10- year spread stood near 64 basis points at March month-end.

BOND YIELDS
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ACCOUNT PROFILE
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OBJECTIVES
Investment Objectives
Safety of principal is the foremost objective of the investment program. The investment portfolio shall remain sufficiently liquid to meet all requirements that may be reasonably anticipated. The investment portfolio shall be designed with the objective of attaining a market rate of return throughout budgetary and economic cycles, taking into account the investment risk constraints and liquidity needs.

Chandler Asset Management Performance Objective
The performance objective for the portfolio is to earn a total rate of return through a market cycle that is equal to or above the return on the benchmark index.

Strategy
In order to achieve this objective, the portfolio invests in high-quality fixed income securities that comply with the investment policy and all regulations governing the funds. 15 Item 7.8
Tuesday, May 05, 2026 112 of 177

PORTFOLIO CHARACTERISTICS
City of Campbell | Account #11214 | As of March 31, 2026 Benchmark* 3/31/2026
Portfolio
12/31/2025
Portfolio
Average Maturity (yrs) 2.65 3.08 3.06
Average Modified Duration 2.47 2.61 2.57
Average Purchase Yield 4.18% 4.20%
Average Market Yield 3.84% 4.05% 3.81%
Average Quality** AA+ AA AA
Total Market Value 21,422,002 21,361,145
*Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index **The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 16 Item 7.8
Tuesday, May 05, 2026 113 of 177

SECTOR DISTRIBUTION
City of Campbell | Account #11214 | As of March 31, 2026 Sector as a Percentage of Market Value
Sector 03/31/2026 12/31/2025
US Treasury 45.01% 41.55%
Corporate 27.31% 26.56%
Agency CMBS 10.85% 10.00%
ABS 9.07% 9.49%
Agency 2.34% 7.07%
Supras 2.24% 2.26%
Comm Paper 1.64% 1.63%
Muni Bonds 0.98% 0.99%
Money Mkt Fd 0.56% 0.44%
17 Item 7.8
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ISSUERS
City of Campbell | Account #11214 | As of March 31, 2026 Issuer Investment Type % Portfolio
United States US Treasury 45.01%
Federal Home Loan Mortgage Corp Agency CMBS 10.85%
Federal Home Loan Banks Agency 2.34%
International Bank for Recon and Dev Supras 2.24%
Toyota Motor Corporation Corporate 1.88%
American Express Credit Master Trust ABS 1.75%
Mitsubishi UFJ Financial Group, Inc. Comm Paper 1.64%
BMW Vehicle Owner Trust ABS 1.51%
Bank of America Corporation Corporate 1.43%
JPMorgan Chase & Co. Corporate 1.25%
John Deere Owner Trust ABS 1.24%
National Rural Utilities Cooperative Corporate 1.20%
Caterpillar Inc. Corporate 1.19%
Prologis, Inc. Corporate 1.19%
Cisco Systems, Inc. Corporate 1.19%
Marsh & McLennan Companies, Inc. Corporate 1.18%
Meta Platforms, Inc. Corporate 1.16%
Realty Income Corporation Corporate 1.16%
Duke Energy Corporation Corporate 1.11%
Eli Lilly and Company Corporate 1.11%
PACCAR Inc Corporate 1.09%
Deere & Company Corporate 1.08%
The Toronto-Dominion Bank Corporate 1.07%
BNY Mellon Corp Corporate 1.05%
State of California Muni Bonds 0.98%
U.S. Bancorp Corporate 0.95%
Alphabet Inc. Corporate 0.93%
Walmart Inc. Corporate 0.88%
GM Financial Auto Leasing Trust ABS 0.87%
State Street Corporation Corporate 0.82%
18 Item 7.8
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ISSUERS
City of Campbell | Account #11214 | As of March 31, 2026 Issuer Investment Type % Portfolio
American Express Company Corporate 0.80%
Toyota Auto Receivables Owner Trust ABS 0.74%
Morgan Stanley Corporate 0.72%
GM Financial Securitized Term ABS 0.66%
Salesforce, Inc. Corporate 0.66%
Visa Inc. Corporate 0.66%
Abbvie Inc. Corporate 0.59%
Ford Credit Auto Owner Trust ABS 0.57%
Money Market Fund Money Mkt Fd 0.56%
Mercedes-Benz Auto Receivables Trust ABS 0.55%
WF Card Issuance Trust ABS 0.52%
The Goldman Sachs Group, Inc. Corporate 0.49%
Bank of Montreal Corporate 0.47%
Hyundai Auto Receivables Trust ABS 0.38%
Mercedes-Benz Auto Lease Trust ABS 0.28%
Cash Cash 0.00%
TOTAL 100.00%
19 Item 7.8
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QUALITY DISTRIBUTION
Rating 03/31/2026 12/31/2025
AAA 10.20% 11.76%
AA 62.63% 60.34%
A 20.85% 21.66%
BBB 0.49% 0.50%
A-1 1.62% 1.61%
NA 4.19% 4.14%
Rating 03/31/2026 12/31/2025
Aaa 9.08% 9.28%
Aa 66.23% 65.46%
A 19.63% 20.09%
P-1 1.62% 1.61%
NA 3.44% 3.56%
Rating 03/31/2026 12/31/2025
AAA 15.16% 14.31%
AA 57.47% 59.22%
A 9.51% 11.88%
NA 17.86% 14.58%
City of Campbell | Account #11214 | As of March 31, 2026 S&P Rating Moody’s Rating Fitch Rating
20 Item 7.8
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DURATION DISTRIBUTION
City of Campbell | Account #11214 | As of March 31, 2026 Date 0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
03/31/2026 2.3% 0.0% 7.1% 22.0% 21.8% 36.1% 10.7% 0.0% 0.0% 12/31/2025 0.5% 1.9% 5.7% 29.7% 17.5% 36.3% 8.5% 0.0% 0.0% 21 Item 7.8
Tuesday, May 05, 2026 118 of 177
TOTAL RATE OF RETURN* 3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception City of Campbell 0.28% 4.31% 4.44%
Benchmark 0.20% 3.87% 4.06%
*Periods over 1 year are annualized.

Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realized and unrealized gains and losses in the portfolio.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index

INVESTMENT PERFORMANCE
City of Campbell | Account #11214 | As of March 31, 2026 Total Rate of Return : Inception | 03/01/2025
22 Item 7.8
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PORTFOLIO HOLDINGS
23 Item 7.8
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HOLDINGS REPORT
City of Campbell | Account #11214 | As of March 31, 2026 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
891940AC2 TAOT 2023-A A3 4.63 09/15/2027 32,747.51 11/14/2024

4.63%
32,760.30
32,751.11
100.14

4.08%
32,791.88

67.39 0.15%

40.77 NA/AAA
AAA

1.46 0.23
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 95,000.00 05/20/20254.84%
94,998.42
94,998.87
100.47

4.11%
95,450.87
132.95

0.45%
452.00
NA/AAA
AAA

2.14 0.92
379965AD8 GMALT 2025-3 A3 4.17
08/21/2028 90,000.00 08/05/20254.18%
89,986.32
89,989.18
100.05

4.16%
90,045.36
114.68

0.42%

56.18 NA/AAA
AAA

2.39 1.15
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 163,135.44 02/20/2025

4.63%
164,116.81
163,721.70
100.58

4.15%
164,086.85
359.62

0.77%
365.15
Aaa/NA
AAA

2.63 0.67
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 317,942.17 --4.69%
321,245.79
319,978.72
100.66

4.30%
320,036.78
274.49

1.51%

58.05 Aaa/AAA
NA

2.91 0.70
89239TAD4 TAOT 2024-D A3 4.4 06/15/2029 60,000.00 10/10/2024

4.51%
59,996.65
59,997.70
100.36

4.05%
60,218.76
117.33

0.28%
221.06
Aaa/AAA
NA

3.21 0.93
02589BAE0 AMXCA 2024-3 A 4.65 07/15/2027 200,000.00 02/20/2025

4.57%
200,546.88
200,294.09
100.75

4.09%
201,495.60
413.33

0.95%
1,201.51
NA/AAA
AAA

1.29 1.23
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029 120,000.00 11/19/20244.66%
119,996.15
119,997.25
100.61

4.14%
120,737.28
245.87

0.57%
740.03
Aaa/NA
AAA

3.38 1.19
38014AAD3 GMCAR 2024-4 A3 4.4
08/16/2029 60,000.00 10/08/20244.32%
59,988.44
59,991.92
100.23

4.15%
60,140.58
110.00

0.28%
148.66
Aaa/AAA
NA

3.38 0.81
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 100,000.00 03/04/2025

5.09%
99,993.71
99,995.18
100.28

4.08%
100,279.40
188.00

0.47%
284.22
Aaa/NA
AAA

3.47 1.49
92970QAE5 WFCIT 2024-2 A 4.29 10/15/2029 110,000.00 10/17/2024

4.29%
109,983.65
109,988.37
100.41

4.05%
110,450.23
209.73

0.52%
461.86
Aaa/AAA
NA

3.54 1.46
89231HAD8 TAOT 2025-B A3 4.34 11/15/2029 65,000.00 04/24/2025

4.82%
64,996.28
64,997.03
100.37

4.12%
65,243.17
125.38

0.31%
246.13
NA/AAA
AAA

3.63 1.42
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029 80,000.00 01/09/20255.03%
79,994.06
79,995.52
100.55

4.09%
80,442.32
154.00

0.38%
446.80
Aaa/NA
AAA

3.71 0.97
58773DAD6 MBART 2025-1 A3 4.78
12/17/2029 115,000.00 01/14/20254.84%
114,975.54
114,981.46
100.78

4.16%
115,895.51
244.31

0.55%
914.04
Aaa/NA
AAA

3.71 1.17
44935XAD7 HART 2025-B A3 4.36 12/17/2029 80,000.00 06/03/2025

4.36%
79,992.78
79,994.07
100.38

4.15%
80,301.84
155.02

0.38%
307.77
NA/AAA
AAA

3.71 1.49
58770YAD3 MBALT 2026-A A3 3.93
01/15/2030 60,000.00 01/13/20263.97%
59,988.10
59,988.67

99.43 4.24%
59,656.74
104.80

0.28%
(331.93)
Aaa/NA
AAA

3.79 2.04
24 Item 7.8
Tuesday, May 05, 2026 121 of 177

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
02582JKP4 AMXCA 2025-2 A 4.28 04/15/2030 170,000.00 05/06/2025

4.28%
169,996.92
169,997.47
100.35

4.14%
170,588.54
323.38

0.80%
591.07
NA/AAA
AAA

4.04 1.91
1,923,556.80 100.47 1,927,861.70 9.07% 3.01
Total ABS 1,918,825.12 4.59% 1,921,658.31 4.15% 3,340.28 6,203.38 1.15 AGENCY
3130B7QM9 FEDERAL HOME LOAN BANKS 3.5
09/09/2027 500,000.00 09/23/20253.63%
498,795.00
499,113.52

99.65 3.75%
498,262.50
1,069.44

2.34%
(851.02)
Aa1/AA+
AA+

1.44 1.39
498,795.00 99.65 498,262.50 2.34% 1.44
Total Agency 500,000.00 3.63% 499,113.52 3.75% 1,069.44 (851.02) 1.39

AGENCY CMBS
3137FJEH8 FHMS K-081 A2 3.9 08/25/2028 250,000.00 11/21/2024

4.53%
244,335.94
246,405.18

99.41 4.08%
248,530.75
812.50

1.17%
2,125.57
Aa1/AA+
AAA

2.40 2.22
3137FJKE8 FHMS K-082 A2 3.92 09/25/2028 250,000.00 06/10/2025

4.27%
246,992.19
247,739.03

99.45 4.08%
248,626.25
816.67

1.17%
887.22
Aa1/AA+
AAA

2.49 2.25
3137FKSH0 FHMS K-086 A2 3.859 11/25/2028 150,000.00 09/18/2024

3.82%
150,005.86
150,003.69

99.27 4.09%
148,908.00
482.38

0.70%
(1,095.69)
Aaa/AA+
AA+

2.65 2.43
3137FLN91 FHMS K-091 A2 3.505 03/25/2029 300,000.00 11/14/2024

4.62%
287,074.22
291,192.61

98.28 4.09%
294,841.50
876.25

1.39%
3,648.89
Aa1/AAA
AA+

2.98 2.68
3137FMCR1 FHMS K-093 A2 2.982 05/25/2029 147,353.21 10/16/2024

4.15%
140,399.99
142,616.78

96.84 4.09%
142,690.07
366.17

0.67%

73.30 Aa1/AA+
AAA

3.15 2.76
3137FNAE0 FHMS K-095 A2 2.785 06/25/2029 250,000.00 03/13/2025

4.39%
234,707.03
238,480.49

96.08 4.10%
240,192.75
580.21

1.13%
1,712.26
Aa1/AA+
AAA

3.24 2.93
3137FPHK4 FHMS K-098 A2 2.425 08/25/2029 300,000.00 10/17/2024

4.26%
276,445.31
283,549.53

94.75 4.11%
284,247.30
606.25

1.34%
697.77
Aa1/AA+
AAA

3.40 3.11
3137FRUJ8 FHMS K-105 A2 1.872 01/25/2030 275,000.00 03/17/2025

4.43%
244,868.16
251,366.85

92.13 4.14%
253,347.60
429.00

1.19%
1,980.75
Aa1/AA+
AAA

3.82 3.55
3137F62M8 FHMS K-118 A2 1.493 09/25/2030 250,000.00 01/29/2026

4.03%
223,632.81
224,593.05

89.20 4.19%
223,012.25
311.04

1.05%
(1,580.80)
Aa1/AA+
AAA

4.49 4.17
3137F83Q4 FHMS K-121 A2 1.547 10/25/2030 250,000.00 01/08/2026

4.00%
223,603.52
224,799.18

89.04 4.21%
222,599.00
322.29

1.05%
(2,200.18)
Aa1/AA+
AAA

4.57 4.29
25 Item 7.8
Tuesday, May 05, 2026 122 of 177

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Agency CMBS 2,422,353.21 4.29%
2,272,065.03
2,300,746.38

95.39 4.12%
2,306,995.47
5,602.76

10.85%
6,249.10

3.32 3.05
CASH
CCYUSD Receivable 211.40 -- 211.40
211.40

1.00 211.40

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 211.40
211.40
211.40

1.00 211.40

0.00 0.00%

0.00 0.00

0.00 COMMERCIAL
PAPER
62479MES8 MUFG Bank, Ltd., New York
Branch 05/26/2026 350,000.00 09/23/20253.99%
340,758.06
347,925.28

99.41 3.86%
347,948.65

0.00 1.64%

23.37 P-1/A-1
NA

0.15 0.24
Total Commercial
Paper 350,000.00 3.99%
340,758.06
347,925.28

99.41 3.86%
347,948.65

0.00 1.64%

23.37 0.15

0.24 CORPORATE
857477CP6 STATE STREET CORP 4.33
10/22/2027 175,000.00 11/07/20244.54%
173,976.25
174,459.63
100.19

4.20%
175,324.98
3,346.73

0.82%
865.34
Aa3/A
AA1.561.39
89115A3E0 TORONTO-DOMINION BANK 4.861
01/31/2028 225,000.00 01/28/20254.86%
225,000.00
225,000.00
100.80

4.40%
226,810.58
1,853.26

1.07%
1,810.58
A2/AAA1.84

1.72 17275RBW1 CISCO SYSTEMS INC 4.55
02/24/2028 250,000.00 03/11/20254.32%
251,557.50
250,985.33
101.01

3.99%
252,529.00
1,169.10

1.19%
1,543.67
A1/AANA1.90

1.72 00287YDY2 ABBVIE INC 4.65 03/15/2028 125,000.00 02/18/2025

4.70%
124,833.75
124,893.35
100.91

4.16%
126,137.88
258.33

0.59%
1,244.53
A2/ANA1.96

1.77 79466LAQ7 SALESFORCE INC 4.5 03/15/2028 140,000.00 03/12/2026

4.37%
140,339.50
140,330.34
100.03

4.48%
140,036.12
315.00

0.66%
(294.22)
A2/A+
NA

1.96 1.85
06406RBG1 BANK OF NEW YORK MELLON
CORP 3.992 06/13/2028 225,000.00 09/05/20244.31%
223,128.00
224,188.18

99.56 4.57%
224,005.50
2,694.60

1.05%
(182.68)
Aa3/A
AA2.201.15
46647PDG8 JPMORGAN CHASE & CO 4.851
07/25/2028 150,000.00 08/12/20244.62%
150,933.00
150,416.21
100.49

4.95%
150,738.30
1,334.03

0.71%
322.09
A1/A
AA2.321.25
46647PEU6 JPMORGAN CHASE & CO 4.915
01/24/2029 115,000.00 01/16/20254.92%
115,000.00
115,000.00
100.85

4.43%
115,979.46
1,051.95

0.55%
979.46
A1/A
AA2.821.71
26 Item 7.8
Tuesday, May 05, 2026 123 of 177

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
06051GMK2 BANK OF AMERICA CORP 4.979
01/24/2029 150,000.00 01/17/20254.98%
150,000.00
150,000.00
100.78

4.51%
151,168.65
1,389.97

0.71%
1,168.65
A1/AAA2.82

1.70 06368MJG0 BANK OF MONTREAL 5.004
01/27/2029 100,000.00 01/22/20255.01%
100,000.00
100,000.00
100.90

4.43%
100,896.80
889.60

0.47%
896.80
A2/AAA2.83

1.71 91159HJK7 US BANCORP 4.653 02/01/2029 200,000.00 09/05/2024

4.47%
201,116.00
200,602.44
100.46

4.56%
200,914.80
1,551.00

0.95%
312.36
A3/A
A

2.84 1.73
756109CW2 REALTY INCOME CORP 3.95
02/01/2029 250,000.00 01/07/20264.01%
249,577.50
249,608.81

98.84 4.39%
247,102.50
1,645.83

1.16%
(2,506.31)
A3/ANA2.84

2.63 06051GLG2 BANK OF AMERICA CORP 5.202
04/25/2029 150,000.00 08/12/20244.69%
152,550.00
151,425.06
101.42

4.73%
152,135.85
3,381.30

0.72%
710.79
A1/AAA3.07

1.90 24422EXT1 JOHN DEERE CAPITAL CORP 4.85
06/11/2029 225,000.00 08/12/20244.40%
229,338.00
227,871.50
101.84

4.23%
229,129.43
3,334.38

1.08%
1,257.93
A1/A
A+

3.20 2.90
025816EJ4 AMERICAN EXPRESS CO 4.351
07/20/2029 170,000.00 07/21/20254.35%
170,000.00
170,000.00

99.93 4.41%
169,878.62
1,458.79

0.80%
(121.38)
A2/AA3.30

2.15 89236TMK8 TOYOTA MOTOR CREDIT CORP

4.55 08/09/2029 225,000.00 08/12/20244.49%
225,567.00
225,381.53
100.59

4.36%
226,336.73
1,478.75

1.06%
955.20
A1/A+
A+

3.36 3.06
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 235,000.00 08/12/2024

4.22%
234,769.70
234,844.74
100.09

4.17%
235,222.55
1,288.58

1.11%
377.80
Aa3/A+
NA

3.37 3.10
26442CAY0 DUKE ENERGY CAROLINAS LLC

2.45 08/15/2029 250,000.00 12/18/20244.72%
226,517.50
232,982.09

94.12 4.34%
235,288.25
782.64

1.11%
2,306.16
Aa3/A
NA

3.38 3.17
61748UAK8 MORGAN STANLEY 4.133
10/18/2029 155,000.00 10/17/20254.25%
155,019.50
155,016.63

98.84 4.61%
153,201.69
2,829.38

0.72%
(1,814.94)
A1/AA+3.55

2.35 38141GD27 GOLDMAN SACHS GROUP INC

4.153 10/21/2029 105,000.00 10/14/20254.37%
105,000.00
105,000.00

99.07 4.54%
104,020.25
1,938.07

0.49%
(979.76)
A2/BBB+
A

3.56 2.35
14913UAU4 CATERPILLAR FINANCIAL SERVICES
CORP 4.7 11/15/2029 250,000.00 11/12/20244.74%
249,592.50
249,704.53
101.37

4.28%
253,437.25
4,438.89

1.19%
3,732.72
A2/A
A+

3.63 3.25
89236TNA9 TOYOTA MOTOR CREDIT CORP

4.95 01/09/2030 170,000.00 01/06/20255.00%
169,636.20
169,725.26
101.62

4.48%
172,756.89
1,916.75

0.81%
3,031.63
A1/A+
A+

3.78 3.38
63743HFX5

NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP 4.95
02/07/2030
250,000.00
02/20/2025

4.90%
250,550.00
250,425.24
101.74

4.45%
254,339.00
1,856.25

1.20%
3,913.76
A2/NA
A

3.86 3.39
571748CA8 MARSH & MCLENNAN
COMPANIES INC 4.65 03/15/2030 250,000.00 03/24/20254.67% 249,755.00
249,805.19
100.71

4.45%
251,783.00
516.67

1.18%
1,977.81
A3/AA3.96

3.50 27
Item 7.8
Tuesday, May 05, 2026 124 of 177

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
931142FN8 WALMART INC 4.35 04/28/2030 185,000.00 04/23/2025

4.39%
184,679.95
184,739.19
100.96

4.09%
186,775.63
3,420.19

0.88%
2,036.44
Aa2/AA
AA

4.08 3.57
69371RT71 PACCAR FINANCIAL CORP 4.55
05/08/2030 230,000.00 05/05/20254.59%
229,643.50
229,707.54
100.67

4.37%
231,542.84
4,156.93

1.09%
1,835.30
A1/A+
NA

4.10 3.64
30303MAB8 META PLATFORMS INC 4.2
11/15/2030 250,000.00 11/13/20254.16%
250,482.50
250,446.17

99.03 4.43%
247,574.25
4,316.67

1.16%
(2,871.92)
Aa3/AANA4.63

4.09 74340XCQ2 PROLOGIS LP 4.75 01/15/2031 250,000.00 01/14/2026

4.22%
255,812.50
255,566.40
101.03

4.51%
252,575.25
2,506.94

1.19%
(2,991.15)
A2/A
NA

4.79 4.14
92826CAZ5 VISA INC 4.1 02/12/2031 140,000.00 02/03/2026

4.13%
139,812.40
139,817.33

99.90 4.12%
139,861.54
781.28

0.66%

44.21 Aa3/AANA4.87

4.35 02079KBK2 ALPHABET INC 4.1 02/15/2031 200,000.00 02/12/2026

4.10%
200,011.33
200,011.04

99.31 4.26%
198,610.20
1,093.33

0.93%
(1,400.84)
Aa2/AA+
NA

4.88 4.35
Total Corporate 5,795,000.00 4.50%
5,784,199.08
5,787,953.72
100.22

4.38%
5,806,113.75
58,995.18

27.31%
18,160.03

3.30 2.74

MONEY MARKET
FUND
X9USDDGCM DREYFUS GVT CM INST 118,431.79 --

3.54%
118,431.79
118,431.79

1.00 3.54%
118,431.79

0.00 0.56%

0.00 Aaa/AAAm
NA

0.00 0.00
Total Money Market
Fund 118,431.79 3.54%
118,431.79
118,431.79

1.00 3.54%
118,431.79

0.00 0.56%

0.00 0.00

0.00 MUNICIPAL BONDS
13063EGT7 CALIFORNIA STATE 4.5 08/01/2029 205,000.00 10/30/2024

4.38%
206,080.35
205,760.62
101.76

3.93%
208,613.54
1,537.50

0.98%
2,852.92
Aa2/AAAA3.34

3.05 Total Municipal
Bonds 205,000.00 4.38%
206,080.35
205,760.62
101.76

3.93%
208,613.54
1,537.50

0.98%
2,852.92

3.34 3.05

SUPRANATIONAL
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
350,000.00
12/13/2024

4.29%
343,689.50
345,373.49
100.04

3.86%
350,126.00
6,216.00

1.65%
4,752.51
Aaa/AAA
NA

3.54 3.22
28 Item 7.8
Tuesday, May 05, 2026 125 of 177

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
125,000.00
03/14/2025

4.20%
124,553.75
124,645.88
100.81

3.90%
126,012.13
157.55

0.59%
1,366.24
Aaa/AAA
NA

3.97 3.63
Total Supranational 475,000.00 4.27%
468,243.25
470,019.38
100.24

3.87%
476,138.13
6,373.55

2.24%
6,118.75

3.66 3.33

US TREASURY
91282CJC6 UNITED STATES TREASURY 4.625
10/15/2026 375,000.00 08/30/20243.90%
380,507.81
376,398.25
100.45

3.77%
376,695.75
8,004.81

1.77%
297.50
Aa1/AA+
AA+

0.54 0.52
91282CKE0 UNITED STATES TREASURY 4.25
03/15/2027 350,000.00 08/20/20243.86%
353,322.27
351,235.20
100.48

3.73%
351,689.80
687.16

1.65%
454.60
Aa1/AA+
AA+

0.96 0.93
91282CKZ3 UNITED STATES TREASURY 4.375
07/15/2027 375,000.00 08/08/20243.91%
379,804.69
377,110.47
100.68

3.83%
377,548.88
3,444.41

1.78%
438.40
Aa1/AA+
AA+

1.29 1.23
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 350,000.00 10/31/20244.17%
349,521.48
349,753.76
100.41

3.84%
351,435.70

39.45 1.65%
1,681.94
Aa1/AA+
AA+

1.50 1.44
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 375,000.00 08/08/20243.87%
376,552.73
375,835.53
100.33

3.82%
376,230.38
1,304.35

1.77%
394.84
Aa1/AA+
AA+

1.92 1.82
91282CHK0 UNITED STATES TREASURY 4.0
06/30/2028 350,000.00 08/20/20243.76%
353,007.81
351,752.60
100.42

3.80%
351,463.00
3,519.34

1.65%
(289.60)
Aa1/AA+
AA+

2.25 2.11
91282CNU1 UNITED STATES TREASURY 3.625
08/15/2028 250,000.00 01/29/20263.60%
250,156.25
250,145.98

99.57 3.81%
248,935.50
1,126.55

1.17%
(1,210.48)
Aa1/AA+
AA+

2.38 2.25
91282CJF9 UNITED STATES TREASURY 4.875
10/31/2028 375,000.00 08/08/20243.85%
389,765.63
384,027.69
102.55

3.83%
384,565.50
7,676.11

1.81%
537.81
Aa1/AA+
AA+

2.59 2.36
91282CPP0 UNITED STATES TREASURY 3.5
12/15/2028 250,000.00 01/29/20263.62%
249,169.92
249,218.14

99.17 3.82%
247,929.75
2,572.12

1.17%
(1,288.39)
Aa1/AA+
AA+

2.71 2.53
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 375,000.00 11/26/20244.21%
375,585.94
375,401.18
101.15

3.83%
379,306.50
1,385.87

1.78%
3,905.32
Aa1/AA+
AA+

2.91 2.71
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 350,000.00 11/18/20244.31%
347,498.05
348,280.20
100.83

3.83%
352,912.00

39.45 1.66%
4,631.80
Aa1/AA+
AA+

3.00 2.80
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 375,000.00 08/08/20243.84%
387,583.01
383,206.31
102.27

3.84%
383,496.00
7,282.46

1.80%
289.69
Aa1/AA+
AA+

3.08 2.80
91282CEV9 UNITED STATES TREASURY 3.25
06/30/2029 350,000.00 11/18/20244.31%
334,591.80
339,148.38

98.18 3.85%
343,642.60
2,859.46

1.62%
4,494.22
Aa1/AA+
AA+

3.25 3.03
29 Item 7.8
Tuesday, May 05, 2026 126 of 177

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 350,000.00 08/20/20243.70%
354,634.77
353,124.94
100.45

3.86%
351,558.55
2,320.44

1.65%
(1,566.39)
Aa1/AA+
AA+

3.33 3.08
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 400,000.00 --3.60%
400,687.50
400,377.88

99.23 3.87%
396,937.60
1,260.87

1.87%
(3,440.28)
Aa1/AA+
AA+

3.42 3.17
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 400,000.00 --4.09%
389,617.18
392,545.33

98.80 3.87%
395,187.60

38.25 1.86%
2,642.27
Aa1/AA+
AA+

3.50 3.26
91282CLR0 UNITED STATES TREASURY 4.125
10/31/2029 400,000.00 --4.33%
396,388.68
397,360.14
100.82

3.88%
403,281.20
6,928.18

1.90%
5,921.06
Aa1/AA+
AA+

3.59 3.25
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 400,000.00 12/11/20244.09%
400,546.88
400,403.68
100.83

3.88%
403,312.40
5,530.22

1.90%
2,908.72
Aa1/AA+
AA+

3.67 3.33
91282CMD0 UNITED STATES TREASURY 4.375
12/31/2029 400,000.00 --4.45%
398,679.69
399,000.68
101.69

3.88%
406,765.60
4,399.17

1.91%
7,764.92
Aa1/AA+
AA+

3.75 3.40
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030 300,000.00 04/07/20253.75%
303,375.00
302,710.40
100.36

3.90%
301,078.20

32.79 1.42%
(1,632.20)
Aa1/AA+
AA+

4.00 3.66
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 500,000.00 09/16/20253.57%
506,425.78
505,678.77

99.89 3.90%
499,453.00
8,135.36

2.35%
(6,225.77)
Aa1/AA+
AA+

4.08 3.68
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030 350,000.00 06/09/20254.08%
348,742.19
348,946.51
100.34

3.91%
351,189.30
4,692.31

1.65%
2,242.79
Aa1/AA+
AA+

4.17 3.75
91282CNK3 UNITED STATES TREASURY 3.875
06/30/2030 325,000.00 07/29/20253.95%
323,933.59
324,079.06

99.85 3.91%
324,505.03
3,165.83

1.53%
425.96
Aa1/AA+
AA+

4.25 3.85
91282CNN7 UNITED STATES TREASURY 3.875
07/31/2030 225,000.00 08/26/20253.77%
226,081.05
225,950.65

99.83 3.92%
224,622.00
1,445.10

1.06%
(1,328.65)
Aa1/AA+
AA+

4.33 3.93
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 500,000.00 09/16/20253.58%
500,937.50
500,835.92

98.77 3.93%
493,867.00
1,576.09

2.32%
(6,968.92)
Aa1/AA+
AA+

4.42 4.02
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030 150,000.00 12/09/20253.77%
148,154.30
148,268.13

98.16 3.93%
147,240.30
1,759.62

0.69%
(1,027.83)
Aa1/AA+
AA+

4.67 4.21
91282CPR6 UNITED STATES TREASURY 3.625
12/31/2030 350,000.00 01/29/20263.82%
347,033.20
347,133.97

98.64 3.94%
345,242.10
3,189.40

1.62%
(1,891.87)
Aa1/AA+
AA+

4.75 4.28
9,572,304.70 100.22 9,570,091.23 45.01% 3.11
Total US Treasury 9,550,000.00 3.92% 9,557,929.78 3.86% 84,415.13 12,161.45 2.85 21,184,645.46 99.15 21,260,668.14 100.00% 3.08
Total Portfolio 21,334,821.53 4.18% 21,209,750.17 4.05% 161,333.84 50,917.97 2.61 30 Item 7.8
Tuesday, May 05, 2026 127 of 177

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Market Value +
Accrued 21,422,001.98
31 Item 7.8
Tuesday, May 05, 2026 128 of 177

TRANSACTIONS
32 Item 7.8
Tuesday, May 05, 2026 129 of 177

TRANSACTION LEDGER
City of Campbell | Account #11214|01/01/2026 Through 03/31/2026| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 01/08/2026 756109CW2 250,000.00 REALTY INCOME CORP

3.95 02/01/2029 99.831 4.01% (249,577.50) (2,523.61) (252,101.11) 0.00 Purchase 01/13/2026 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 89.441 4.00% (223,603.52) (128.92) (223,732.44) 0.00 Purchase 01/15/2026 74340XCQ2 250,000.00 PROLOGIS LP 4.75 01/15/2031 102.325 4.22% (255,812.50) 0.00 (255,812.50) 0.00 Purchase 01/21/2026 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 99.980 3.97% (59,988.10) 0.00 (59,988.10) 0.00 Purchase 01/30/2026 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 89.453 4.03% (223,632.81) (300.67) (223,933.48) 0.00 Purchase 01/30/2026 91282CNU1 250,000.00

UNITED STATES
TREASURY 3.625
08/15/2028
100.063 3.60% (250,156.25) (4,137.23) (254,293.48) 0.00 Purchase 01/30/2026 91282CPP0 250,000.00

UNITED STATES
TREASURY 3.5
12/15/2028

99.668 3.62% (249,169.92) (1,105.77) (250,275.69) 0.00
Purchase 01/30/2026 91282CPR6 350,000.00

UNITED STATES
TREASURY 3.625
12/31/2030

99.152 3.82% (347,033.20) (1,051.45) (348,084.65) 0.00
Purchase 02/12/2026 92826CAZ5 140,000.00 VISA INC 4.1
02/12/2031 99.866 4.13% (139,812.40) 0.00 (139,812.40) 0.00 Purchase 02/17/2026 02079KBK2 118,000.00 ALPHABET INC 4.1 02/15/2031 100.044 4.09% (118,051.92) (53.76) (118,105.68) 0.00 Purchase 02/17/2026 02079KBK2 82,000.00 ALPHABET INC 4.1 02/15/2031 99.951 4.11% (81,959.41) (37.36) (81,996.77) 0.00 Purchase 03/13/2026 79466LAQ7 70,000.00 SALESFORCE INC 4.5 03/15/2028 100.214 4.38% (70,149.80) 0.00 (70,149.80) 0.00 Purchase 03/13/2026 79466LAQ7 70,000.00 SALESFORCE INC 4.5 03/15/2028 100.271 4.35% (70,189.70) 0.00 (70,189.70) 0.00 Total Purchase 2,390,000.00 (2,339,137.03) (9,338.77) (2,348,475.80) 0.00 TOTAL
ACQUISITIONS 2,390,000.00 (2,339,137.03) (9,338.77) (2,348,475.80) 0.00

DISPOSITIONS
33 Item 7.8
Tuesday, May 05, 2026 130 of 177

FEDERAL FARM CREDIT

BANKS FUNDING CORP

3.96 07/12/2027
100.000 3.96% 1,000,000.00 0.00 1,000,000.00 0.00
Total Call
Redemption (1,000,000.00) 1,000,000.00 0.00 1,000,000.00 0.00 Sale 01/08/2026 437076DB5 (225,000.00) HOME DEPOT INC

4.875 06/25/2027 101.681 4.25% 228,782.25 396.09 229,178.34 1,970.60 Sale 01/12/2026 3137BSRE5 (250,000.00) FHMS K-059 A2 3.12 09/25/2026 99.391 4.55% 234,785.04 225.20 235,010.24 707.94 Sale 01/29/2026 91324PEY4 (240,000.00) UNITEDHEALTH GROUP INC 4.6 04/15/2027 100.712 3.83% 241,708.80 3,189.33 244,898.13 (255.95) Sale 02/06/2026 02665WFK2 (200,000.00)

AMERICAN HONDA
FINANCE CORP 4.9
07/09/2027
101.428 4.03% 202,856.00 735.00 203,591.00 537.91
Sale 03/13/2026 857477CP6 (75,000.00) STATE STREET CORP

4.33 10/22/2027 100.399 4.54% 75,299.25 1,271.94 76,571.19 538.57 Total Sale (990,000.00) 983,431.34 5,817.56 989,248.90 3,499.08 TOTAL
DISPOSITIONS (1,990,000.00) 1,983,431.34 5,817.56 1,989,248.90 3,499.08 34 Item 7.8
Tuesday, May 05, 2026 131 of 177

IMPORTANT DISCLOSURES
2026 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.

Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE permits use of the ICE indices and related data on an “asis” basis; ICE, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and licensee’s use it at licensee’s own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.

This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.

Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.

Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

LAIF Yields: Additional Disclosure for CA Clients - As a result of a reporting lag from the Local Agency Investment Fund (LAIF), reported LAIF yieldsrepresent the most recently available Daily Effective Yield and may reflect data from approximately 7–10 days prior to month-end. 35 Item 7.8
Tuesday, May 05, 2026 132 of 177

BENCHMARK DISCLOSURES
Benchmark Disclosure
ICE BofA 1-5 Yr Unsubordinated US
Treasury & Agency Index
The ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies. 36 Item 7.8
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Cashflow Projections for the Month of April 2026
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Rentals 275,000 Outstanding checks 1,838,330 Environmental Services Fees 45,000 Bills & Claims 2,300,000 Franchise Fees 840,000 Bills & Claims- Meas O 700,000
Property Taxes 3,300,000 Lathrop retention witheld escrow deposit 21,000 Other Taxes 85,000 Payroll 1,800,000
Licenses and Permits 250,000 CalPERS- health & retirement pmts 850,000 Fines/Forfeitures/Penalties 13,000 Mission Square retirement payments 150,000 Intergovernmental--Gas Taxes 115,000 Other charges & bank fees 30,000 Intergovernmental--Other incl RPTTF 260,000 Meas K sales tax escrow deposit 580,000 Investment earnings & interest 235,000
Charges for Current Services 475,000
Sales & Use Tax 1,200,000
Sales & Use Tax- MEAS K 580,000
Transient Occupancy Tax (monthly) 350,000
Miscellaneous Receipts 120,000
Misc Rec- JPA/798 125,000
Sub-total (Receipts) 8,268,000 Sub-total (Expenditures) 8,269,330 Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. 1,330 Available for investment. - Total $ 8,269,330 Total $ 8,269,330
Item 7.8
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Cashflow Projections for the Month of May 2026
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Rentals 260,000 Bills & Claims 3,600,000 Environmental Services Fees 33,677 Bills & Claims- Meas O 600,000 Franchise Fees 115,333 Lathrop retention witheld escrow deposit 30,000 Property Taxes 3,500,000 Payroll 1,800,000
Other Taxes 60,000 CalPERS 700,000
Licenses and Permits 555,000 Mission Square retirement contributions 150,000 Fines/Forfeitures/Penalties 10,000 Other charges & bank fees 30,000 Intergovernmental--Gas Taxes 60,000 Meas K sales tax escrow deposit 580,000 Intergovernmental--Other incl RPTTF 400,000
Investment earnings & interest 50,000
Charges for Current Services 500,000
Sales & Use Tax 1,440,000
Sales & Use Tax- MEAS K 580,000
Transient Occupancy Tax (monthly) 330,000
Miscellaneous Receipts 200,000
Misc Rec- JPA/798 130,000
Sub-total (Receipts) 8,224,010 Sub-total (Expenditures) 7,490,000 Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. - Available for investment. 734,010 Total $ 8,224,010 Total $ 8,224,010
Item 7.8
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Cashflow Projections for the Month of June 2026
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Rentals 275,000 Bills & Claims 4,000,000 Environmental Services Fees 21,000 Bills & Claims- Meas O 400,000 Franchise Fees 350,000 Lathrop retention witheld escrow deposit 20,000 Property Taxes 5,900,000 Payroll 1,800,000
Other Taxes 35,000 CalPERS 700,000
Licenses and Permits 435,000 Mission Square retirement contributions 150,000 Fines/Forfeitures/Penalties 10,000 Other charges & bank fees 30,000 Intergovernmental--Gas Taxes 120,000 Meas K sales tax escrow deposit 580,000 Intergovernmental--Other incl RPTTF 2,000,000
Investment earnings & interest 50,000
Charges for Current Services 550,000
Sales & Use Tax 1,440,000
Sales & Use Tax- MEAS K 580,000
Transient Occupancy Tax (monthly) 375,000
Miscellaneous Receipts 60,000
Misc Rec- JPA/798 45,000
12,246,000 Sub-total (Expenditures) 7,680,000
Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. - Available for investment. 4,566,000 Total $ 12,246,000 Total $ 12,246,000
Item 7.8
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Cashflow Projections for the Month of July 2026
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Rentals 270,000 Bills & Claims 3,400,000 Environmental Services Fees 15,000 Bills & Claims- Meas O 400,000 Franchise Fees 15,000 Lathrop retention witheld escrow deposit 20,000 Other Taxes 60,000 Payroll 1,800,000
Licenses and Permits 775,000 CalPERS- health & retirement pmts 700,000 Fines/Forfeitures/Penalties 15,000 Mission Square retirement payments 150,000 Intergovernmental--Gas Taxes 340,000 Other charges & bank fees 19,000 Intergovernmental--Other incl RPTTF 45,000 Meas K sales tax escrow deposit 580,000 Investment earnings & interest 214,000 Plan JPA Insurance (annual premium) 2,027,049 Charges for Current Services 530,000 Annual prepaid CalPERS pension liability 7,335,686 Sales & Use Tax 1,415,000 Annual Cambrian Annexation 199,577 Sales & Use Tax- MEAS K 580,000
Transient Occupancy Tax (monthly) 400,000
Miscellaneous Receipts 170,000
Misc Rec- JPA/798 65,000
Sub-total (Receipts) 4,909,000 Sub-total (Expenditures) 16,631,312 Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. 11,722,312 Available for investment. - Total $ 16,631,312 Total $ 16,631,312
Item 7.8
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Cashflow Projections for the Month of August 2026
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Rentals 270,000 Bills & Claims 2,200,000 Environmental Services Fees 31,000 Bills & Claims- Meas O 200,000 Property Taxes 65,000 Payroll 1,800,000
Other Taxes 65,000 Lathrop retention witheld escrow deposit 10,000 Licenses and Permits 555,000 MEAS O semi-annual debt service 1,751,725 Fines/Forfeitures/Penalties 8,000 CalPERS 740,000
Intergovernmental--Gas Taxes 220,000 Meas K sales tax escrow deposit 580,000 Intergovernmental--Other incl RPTTF 500,000 Mission Square retirement contributions 150,000 Investment earnings & interest 33,000 Other charges & bank fees 20,000 Charges for Current Services 815,000
Sales & Use Tax 1,500,000
Sales & Use Tax- MEAS K 580,000
Transient Occupancy Tax (monthly) 350,000
Miscellaneous Receipts 120,000
Misc Rec- JPA/798 85,000
Sub-total (Receipts) 5,197,000 Sub-total (Expenditures) 7,451,725 Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. 2,254,725 Available for investment. - Total $ 7,451,725 Total $ 7,451,725
Item 7.8
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Cashflow Projections for the Month of September 2026
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Rentals 275,000 Bills & Claims 3,900,000 Environmental Services Fees 35,000 Bills & Claims- Meas O 75,757 Property Taxes 65,000 Lathrop retention escrow 3,788
Licenses and Permits 640,000 Payroll 1,800,000
Fines/Forfeitures/Penalties 15,000 LRB & TARB semi-annual debt service 1,670,376 Intergovernmental--Gas Taxes 175,000 CalPERS 875,000
Intergovernmental--Other incl RPTTF 585,000 Mission Square retirement contributions 75,000 Investment earnings & interest 30,000 Meas K sales tax escrow deposit 580,000 Charges for Current Services 320,000 Other charges & bank fees 20,000 Sales & Use Tax 1,410,000
Sales & Use Tax- MEAS K 580,000
Transient Occupancy Tax (monthly) 330,000
Miscellaneous Receipts 100,000
Misc Rec- JPA/798 85,000
Sub-total (Receipts) 4,645,000 Sub-total (Expenditures) 8,999,921 Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. 4,354,921 Available for investment. - Total $ 8,999,921 Total $ 8,999,921
Item 7.8
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Actual Results for the Month of January 2026
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Rentals 287,129 Outstanding Checks 706,226 Environmental Services Fees 30,979 Bills & Claims 1,410,998 Franchise Fees 10,195 Bills & Claims- Meas O 66,318
Property Taxes 7,793,248 Payroll 1,591,641
Other Taxes 83,556 CalPERS- Health & Retirement pmts 715,132 Licenses and Permits 646,067 Mission Square Retirement payments 198,050 Fines/Forfeitures/Penalties 10,958 Sales & Use Tax- MEAS K escrow deposit 501,512 Intergovernmental--Gas Taxes 85,938 Other charges & bank fees 45,379 Intergovernmental--Other incl RPTTF 1,682,158
Investment earnings & interest 308,982
Charges for Current Services 517,053
Sales & Use Tax 1,243,787
Sales & Use Tax- MEAS K 501,512
Transient Occupancy Tax (monthly) 286,586
Housing Loan payoff/Equity share 1,182,188
Miscellaneous Receipts 273,154
Misc Rec- JPA/798 82,719
Spec Assessment 800,605
Sub-total (Receipts) 15,826,812 Sub-total (Expenditure) 5,235,256 Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. - Available for investment. 10,591,556 Total $ 15,826,812 Total $ 15,826,812
Item 7.8
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Actual Results for the Month of February 2026
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Ren 262,543 Bills & Claims 3,645,294 Environmental Services Fees 37,966 Bills & Claims- Meas O 1,399,097 Franchise Fees 88,619 Payroll 1,933,624
Property Taxes 52,572 MEAS O debt service wires 856,725 Other Taxes 61,695 CalPERS- Health & Retirement pmts 672,417 Licenses and Permits 756,627 Mission Square retirement contributions 156,237 Fines/Forfeitures/Penalties 18,691 Lathrop retention withheld Escrow depo 52,818 Intergovernmental--Gas Taxes 91,032 Meas K sales tax escrow deposit 673,270 Intergovernmental--Other incl RPTT 390,576 Other charges & bank fees 15,129 Investment earnings & interest 117,979
Charges for Current Services 556,943
Sales & Use Tax 1,662,362
Sales & Use Tax- MEAS K 673,270
Transient Occupancy Tax (monthly) 363,521
Miscellaneous Receipts 36,892
Misc Rec- JPA/798 80,269
Spec Assessment 1,465
Sub-total (Receipts) 5,253,023 Sub-total (Expenditure) 9,404,611 Amount of expected revenue
Amount withdrew from Investments
to cover this month's expenditures. 4,151,588 Available for investment. - Total $ 9,404,611 Total $ 9,404,611
Item 7.8
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Actual Results for the Month of March 2026
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Rentals 246,710 Bills & Claims 3,330,332 Environmental Services Fees 31,470 Bills & Claims- Meas O 1,743,243 Property Taxes 1,754,034 Lathrop retention withheld Escrow deposit 20,996 Other Taxes 103,112 Payroll 1,642,542
Licenses and Permits 623,066 CalPERS 666,136
Fines/Forfeitures/Penalties 9,069 LRB/TARB debt service wires 988,717 Intergovernmental--Gas Taxes 95,903 Mission Square retirement contributions 151,565 Intergovernmental--Other incl RPTTF 281,441 Meas K sales tax escrow deposit 539,560 Investment earnings & interest 157,323 Other charges & bank fees 32,307 Charges for Current Services 1,171,681
Sales & Use Tax 1,411,604
Sales & Use Tax- MEAS K 539,560
Transient Occupancy Tax 276,607
Miscellaneous Receipts 95,810
Misc Rec- JPA/798 144,789
Sub-total (Receipts) 7,329,165 Sub-total (Expenditure) 9,115,398 Amount of expected revenue
Amount withdrew from Investments
to cover this month's expenditures. 1,786,233 Available for investment. - Total $ 9,115,398 Total $ 9,115,398
Item 7.8
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City Council Report
DATE: May 5, 2026
TITLE: Second Reading of Ordinance 26-2346 - FY 2027 Business License Tax Rates
RECOMMENDED ACTION:

That the City Council take a second reading to adopt Ordinance 26-2346 amending provisions of the Campbell Municipal Code to revise the business license tax rates, effective in Fiscal Year (FY) 2027.

BACKGROUND
As part of Measure M, approved by the voters in November 2010, Campbell Municipal Code (CMC) Section 5.01.170 (Council Authority To Increase License Taxes) was amended by Ordinance 2132 to provide that, “The City Council may by ordinance increase the amount of any tax set forth in this title by no more than two percent per year to account for inflation.”

DISCUSSION
At the regular meeting of April 21, 2026, the City Council held a public hearing to consider an ordinance (attached) amending provisions of the CMC to revise the business license tax rates, effective in Fiscal Year (FY) 2027. Pursuant to Government Code Section 54954.6, the public hearing notice for this item was published on April 8, 15, and 22, 2026.

The item was then approved by unanimous vote, and the City Council took its first reading of the ordinance (Ordinance 26-2346). Following a second reading and adoption, on May 13, 2026, the full version of Ordinance 26-2346 will be published in the Metro Silicon Valley, a newspaper of general circulation for the City of Campbell, County of Santa Clara.

Ordinance 26-2346 will become effective 30 days following the City Council’s second reading.

FISCAL IMPACT
Nominal publication costs are associated with the second reading of Ordinance 26-2346 to meet the requirement of Government Code Section 36933; however, these costs can be absorbed within the current FY 2026 Operating Budget. Costs for codification of Ordinance 26-2346 in the CMC are also included in the current FY 2026 Operating Budget. Other fiscal impacts were included in the April 21, 2026 staff report introducing Ordinance 26-2346.

Item 7.9
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PREPARED BY: Kristen Epolite, Deputy City Clerk
Item 7.9
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Report Approval Details
Document Title: Report - Ordinance 26-2346 - FY 2027 Business License Tax Rates.docx
Attachments: 26-2346 Business_License_Tax_Ordinance_FY2027.docx Comparative_Business_License_Tax_Schedule_FY2027.docx
Final Approval
Date:

April 29, 2026
This document and all of its attachments were approved and signed as outlined below:

Will Fuentes, Finance Director
Andrea Sanders, City Clerk
Angelique Gaeta, Assistant City Manager
Item 7.9
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ORDINANCE NO. 26-2346

BEING AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CAMPBELL

AMENDING PROVISIONS OF THE CAMPBELL MUNICIPAL CODE TO REVISE

BUSINESS LICENSE TAX RATES
WHEREAS, pursuant to section 5.01.170 of the Campbell Municipal Code, as approved by the voters as part of Measure M, the City Council may by ordinance increase the amount of any tax set forth in this title by no more than two percent per year to account for inflation.

The City Council of the City of Campbell does ordain as follows:

SECTION ONE: Section 5.04.010 of the Campbell Municipal Code is amended to read as follows:

5.04.010 - Designated.

Every person conducting businesses, professions and activities in the city, the primary nature of which is indicated in the following schedule, shall annually pay the license tax set opposite the same, based upon the average number of employees in such business, according to the following schedules, unless such business is otherwise specifically taxed by other provisions of this chapter:

Commercial:
(Schedule I) 1 to 5 employees $133.00
6 to 15 employees $214.00
16 to 50 employees $308.00
51+ employees $618.00
Industrial and manufacturing:
(Schedule II) 1 to 5 employees $133.00
6 to 50 employees $214.00
51+ employees $370.00
Professional:
(Schedule III) 1 to 3 employees $133.00
4 to 10 employees $246.00
11 to 50 employees $432.00
51+ employees $618.00
Hotels: $183.00 per year plus $3.00/room
Live commercial entertainment: $370.00
Marijuana Businesses: 7% of gross receipts per Chapter 5.12 Massage Establishment: 1 to 3 employees $133.00
4 or more employees $246.00
Massage Therapist: $133.00
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Mobile home parks and trailer courts: $246.00 per year plus $2/unit Out-of-town business: $107.00
Rental or income producing residences located
on single or contiguous parcels of land:
$71.00 per year for the first unit plus
$3.00 for each additional unit.
(Owners occupying one unit of a 3 or more unit building are entitled to a $3.00 exemption if said owner files an affidavit with the City claiming the exemption.) Taxicab or limousine service: $133.00 per year plus $21.00 per vehicle Theaters: $493.00
Tow Services: $61.00
Solicitors: $370.00 per year
SECTION TWO: Section 5.08.010 of the Campbell Municipal Code is hereby amended to read:

5.08.010 - Activities designated—Fees.

No person shall conduct any of the following businesses and activities in the City without first securing a permit therefor from the City Council on written application filed therefor with the City Clerk, approved by the Chief of Police, the Chief of the Fire Department, and the Community Development Director. The application shall comply with the requirements of Section 5.08.020. The following are the activities regulated by this chapter and the license fee therefor:
(1) Fire and/or bankruptcy and/or wreck sale, first day $54.00 Each additional day, per day $26.00
(2) Grinding and/or sharpening knives, scissors, cutlery, lawn mowers, etc., when the person conducting such business travels from place to place by vehicle or on foot, per year ....._$26.00
(3) Itinerant medicine vendor, street vendor, temporary vendor and/or peddler, per day $31.00
(4) Pawnbroker, per year $363.00
(5) Dancehall, public dances, per year $108.00
SECTION FOUR: This Ordinance shall become effective July 1, 2026, following its passage and adoption and shall be published once within fifteen (15) days upon passage and adoption in the City’s designated newspaper of general circulation.

PASSED AND ADOPTED this day of 2026 by the following roll call vote:

Item 7.9
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AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

ABSTAIN: Councilmembers:

APPROVED:
________________________
Daniel E. Furtado, Mayor
ATTEST:
________________________
Andrea Sanders, City Clerk
Item 7.9
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City of Campbell ~ Business License Taxes
Fee Category Current FY 2026** Proposed FY 2027**
BUSINESS CLASSIFICATION*/**
Out of Town $ 105.00 $ 107.00
Industrial 1 to 5 Employees $ 131.00 $ 133.00
6 to 50 Employees $ 210.00 $ 214.00
51 or more Employees $ 363.00 $ 370.00
Commercial 1 to 5 Employees $ 131.00 $ 133.00
6 to 15 Employees $ 210.00 $ 214.00
16 to 50 Employees $ 302.00 $ 308.00
51 or more Employees $ 606.00 $ 618.00
Professional 1 to 3 Employees $ 131.00 $ 133.00
4 to 10 Employees $ 242.00 $ 246.00
11 to 50 Employees $ 424.00 $ 432.00
51 or more Employees $ 606.00 $ 618.00
Apartments (First Unit) $ 70.00 $ 71.00
(Each additional Unit) $ 3.00 $ 3.00
Rental Dispute Fee (Each Unit) $ 11.00 $ 11.00
Hotels $ 180.00 $ 183.00
(Each Room) $ 3.00 $ 3.00
Kennels-Animal Hospitals- Groomers Same as Professional Same as Professional Marijuana Business 7% of gross receipts
per Chapter 5.12
7% of gross receipts
per Chapter 5.12
Massage Establishment 1 to 3 Employees $ 131.00 $ 133.00 4 or more Employees $ 242.00 $ 246.00
Massage Therapist $ 131.00 $ 133.00
Mobile Home Parks $ 242.00 $ 246.00
(Each additional Unit) $ 2.00 $ 2.00
Non-profit Organizations Exempt from Fee Exempt from Fee Scavenger Companies Same as Professional Same as Professional Solicitors -Pawnbrokers -Private Patrol -
Live Commercial Entertainment
$ 363.00 $ 370.00
Taxicabs - Limousines $ 131.00 $ 133.00
(Each Cab/ Limo) $ 21.00 $ 21.00
Theaters $ 484.00 $ 493.00
Tow Service $ 60.00 $ 61.00
Trailer Courts (First Unit) $ 242.00 $ 246.00
(Each additional Unit) $ 2.00 $ 2.00
Veterinarians Same as Professional Same as Professional Tobacco Retailer Permit *** $ 60.00 $ 61.00
* If your business classification is not listed, please contact the Finance Department at 866-2174 for the appropriate fee. ** A mandatory $4.00 State ADA Fee will be added to each business license tax. *** Per Ordinance 2165.

Business License Taxes FY 27
Item 7.9
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City Council Report
DATE: May 5, 2026
TITLE: Approval of Tract Map No. 10689 including Acceptance of Street Dedication and Public Service Easements Shown on Said Map – 1236 West Hacienda Avenue (Resolution/Roll Call Vote)
RECOMMENDED ACTION:

That the City Council adopt a resolution approving the Tract Map for Tract No. 10689 and accept the street dedication and public service easements offered for dedication as shown on the map for the property located at 1236 West Hacienda Avenue.

BACKGROUND
On September 23, 2025, the Community Development Director conditionally approved a Tentative Subdivision Map (PLN-2025-57) creating a one-lot condominium subdivision, to allow the construction of eight (8) townhome style condominium units on the property located at 1236 West Hacienda Avenue.

DISCUSSION
The Tract Map incorporates additional public street dedication along the West Hacienda Avenue frontage to provide the required right‑of‑way for improvements consistent with the Hacienda Avenue Green Street Public Street Improvement Standard, as adopted by the City Council on November 20, 2012. The map also includes the dedication of public service easements for utilities and emergency access within the proposed private street necessary to accommodate the approved use of the property. Staff has reviewed the map and found it in compliance with the approved Vesting Tentative Subdivision Map, the Subdivision Map Act, and Title 20 of the Campbell Municipal Code. The attached resolution has been prepared for Council’s consideration for approval of the Tract Map, and acceptance of the street dedication and public service easements offered on said map.

FISCAL IMPACT
The fiscal impacts associated with this subdivision include the project generating the following revenue: Parkland Dedication Fees of $146,524 and estimated annual Property Tax Increase of $12,000. These revenues will be accounted for in the City’s budget once the timing of their payment is known. However, it is also noted that replacing single-family Item 7.10
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housing with multi-family housing will also increase service demands placed on the City at an underdetermined future cost.

ALTERNATIVES
Determine that the Tract Map is not consistent with the Tentative Map or applicable codes, and do not approve the Tract Map with the proposed dedications.

PREPARED BY: Roger Storz, Senior Civil Engineer
Item 7.10
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Report Approval Details
Document Title: Report - Tract Map Approval for 1236 West Hacienda Avenue.docx
Attachments: Resolution.docx
Hacienda Ave Tract Map 10689.pdf
Final Approval
Date:

April 29, 2026
This document and all of its attachments were approved and signed as outlined below:

Item 7.10
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RESOLUTION NO. ______________

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL APPROVING THE TRACT MAP FOR TRACT NO. 10689 AND ACCEPTING THE

PUBLIC STREET AND PUBLIC SERVICE EASEMENTS OFFERED FOR

DEDICATION FOR THE PROPERTY LOCATED AT
1236 WEST HACIENDA AVENUE
WHEREAS, on September 23, 2025 the Community Development Director conditionally approved a Tentative Subdivision Map (PLN-2025-57) creating a one-lot condominium subdivision, to allow the construction of eight (8) townhome style condominium units on the property located at 1236 West Hacienda Avenue; and
WHEREAS, public street dedication and public service easements are necessary to accommodate the approved use of the property and have been offered for dedication on the Tract Map; and
WHEREAS, the Tract Map has been prepared, reviewed by staff, and found to be in compliance with the Tentative Map, the Subdivision Map Act and Title 20 of the Campbell Municipal Code.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Campbell that Tract Map 10689 is hereby approved, and the public streets and public service easements offered for dedication as shown on said map are hereby accepted in conformity with the terms for which they are offered.

PASSED AND ADOPTED this _______ day of _______, 2026 by the following roll call vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

APPROVED:
____________________________
Daniel E. Furtado, Mayor
ATTEST:
_______________________________
Andrea Sanders, City Clerk
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3 Item 7.10
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City Council Report
DATE: May 5, 2026
TITLE: Unhoused Specialist Job Specification Update (Resolution/Roll Call Vote)
RECOMMENDED ACTION:

Adopt a resolution approving the revised classification specification for Unhoused Specialist.

BACKGROUND
The Unhoused Specialist position has been vacant since June 2025, and the Community Development Department is preparing to open this position up for recruitment. This position was originally established in August 2023, and is a grant-funded position from Destination: Home.

DISCUSSION
After the Unhoused Specialist position became vacant, the Community Development Department and Human Resources reviewed the job specification to ensure it addressed the needs of the department and community, as well as reviewed the minimum qualifications to ensure they were appropriate for the level of work being performed.

Through this evaluation, it was recognized that the educational requirement of a Bachelor’s degree could be an application barrier to those who have the experience needed to be successful in this position. Staff is proposing that the Bachelor’s degree requirement be changed to an Associate’s degree requirement, with an increase in required experience to three years. There is also an added substitution that allows for a Bachelor’s degree to substitute for two years of the required experience.

There are also other adjustments proposed for the classification specification, which include:
• Removal of a duty that is no longer relevant or being performed. • Minor grammatical corrections and added clarifying language. • Combining redundant qualifications.
• Language regarding the requirement to possess a California driver’s license was changed to the revised standard language in City job descriptions, in compliance with the California Fair Employment and Housing Act.

There is no recommendation to change the current salary range.

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Attachments 2 and 3 to this report contain the proposed revised classification specification for Unhoused Specialist in redline and final versions.

FISCAL IMPACT
This position of Unhoused Specialist was already budgeted in the Fiscal Year 2026 Budget and funded by a grant from Destination: Home. Approval of the revised job specification will not have an additional fiscal impact since there is no recommendation to change the current salary range.

ALTERNATIVES

1. Do not approve the attached resolution updating the Unhoused Specialist job specification.

2. Direct staff to take other action.

PREPARED BY: Ada Chang, Human Resources Manager
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Report Approval Details
Document Title: 2026.05.05 Unhoused Specialist Job Specification Update.docx Attachments: Resolution - Job Specification Revision for Unhoused Specialist.docx
Unhoused Specialist Rev 05.2026 DRAFT.pdf
Unhoused Specialist Rev 05.2026 CLEAN.pdf
Final Approval
Date:

April 28, 2026
This document and all of its attachments were approved and signed as outlined below:

Will Fuentes, Finance Director
Andrea Sanders, City Clerk
Brian Loventhal, City Manager
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RESOLUTION NO. __________

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL

APPROVING THE REVISED CLASSIFICATION SPECIFICATION FOR UNHOUSED

SPECIALIST
WHEREAS, the City of Campbell intends to revise the classification specification for Unhoused Specialist to update the minimum requirements and knowledge, skills, and abilities; and
WHEREAS, the language regarding the driver’s license requirement needs to be updated in compliance with the California Fair Employment and Housing Act; and WHEREAS, The City Manager is required by Section 2.12.030 of the Campbell Municipal code to prepare and submit to the City Council recommendations for the reorganization of offices, departments, and positions which are considered to be in the best interest of efficient, effective and economical conduct of the municipal services provided by the City; and
WHEREAS, Section 3.0 of the Personnel Rules and Regulations requires the Personnel Officer to maintain a classification plan including classification specifications; and NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Campbell does hereby approve the revised classification specification for Unhoused Specialist.

PASSED AND ADOPTED this 5th day of May 2026, by the following roll call vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

APPROVED:

Daniel E. Furtado, Mayor
ATTEST:

Andrea Sanders, City Clerk
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CITY OF CAMPBELL

UNHOUSED SPECIALIST

DEFINITION
Under general supervision, plans and organizes homeless services and activities on behalf of the City’s Housing Division including providing intensive, one-on-one case management for the City’s residents experiencing homelessness and assisting unhoused residents gain access to needed services to locate and secure affordable housing opportunities, including temporary, transitional, and permanent solutions.

TYPICAL DUTIES
Typical duties will include, but are not limited to:
• Conducts street outreach, intake interviews, assessments, and develops case plans inclusive of all needs, including but not limited to, housing, employment, benefits, substance abuse and/or mental health treatment, and meets with clients as needed; • Engages in system-wide case conferencing and coordination efforts with team members; • Meets participants, both in the office and in the field, for community-based service delivery; • Maintains consistent contact with clients to remain informed on clients’ progress and needs, and provides direct and indirect assistance with financial management, crisis resolution, employment and benefits, advocacy, and other services as needed; • Provides community engagement, and on-call and after-hours services as needed; • Assists participants with securing appropriate permanent housing through housing search, application assistance, and other supportive services;
• Complies with Health Insurance Portability and Accountability Act (HIPAA) standards and confidentiality;
• Gathers information regarding available services within the community; • Collaborates with the County departments, Community Based Organizations, Faith Based Community, and others to connect participants to community resources; • Works with individual landlords/site managers to address client tenancy and provide mediation, educates participants in tenant rights resources, and their responsibilities in tandem with the City’s rent dispute mediation administrator; • Coordinates encampment and safe parking engagement and service response on private and public property and conducts related follow up and evaluation of program outcomes; maintains a safe and secure environment for all participants; • Collects and maintains thorough and accurate records; • Maintains a caseload of program participants, including both short- and longer-term enrollments;
• Reports any suspected cases of abuse and neglect in accordance with state-mandated reporting laws;
• Communicates messages, strategies, and resources for hygienic practices to unsheltered individuals for improved quality of life and cleaner creek corridors; • Collects information on barriers to healthy living in the unsheltered community and identifies and executes projects to eliminate identified barriers; • Participates in ongoing analysis of and program alignment with industry best practices, and proactively improves the quality of program services; • Coordinates with Police Department and other City department staff; and Item 7.11
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• Performs other related duties as required.

EMPLOYMENT STANDARDS
Experience Education and Experience:
• Equivalent to an Bachelor's Associate's degree from an accredited college or university, with major course work in social work, psychology, or a closely related field. • Two Three (3) years of experience providing homeless services to individuals experiencing homelessness, that includinged direct contact and engagement with unhoused community members.
•o A Bachelor’s degree in social work, psychology, or a closely related field may substitute for two (2) years of the required experience.

Knowledge of:
• Basic knowledge of Housing and social services available to unhoused individuals; • Applicable Federal, State and local laws concerning homelessness; • Regulatory codes, ordinances, procedures relevant to social services programs, such as those designed to improve/provide housing, education, employment, or socio-economic status;
• Techniques for engaging with people with diverse socio-economic backgrounds and implementing conflict resolution;
• Working knowledge of sSocial, economic, and political issues relevant to unhoused individuals; trends in the field of homelessness and social services; • Principles and practices of performing needs assessments; • Principles and practices of Pprogram development, implementation, management and evaluation;
• Principles and practices of Cconflict resolution and problem-solving techniques; • Principles and practices of Ccommunity outreach, advocacy and public education; • Resources and requirements to acquire private and governmental funding.

Ability to:
• Work with people of diverse socio-economic backgrounds; • Communicate effectively and develop and maintain effective working relationships with unhoused community members;
• Provide hands-on instruction in basic living and financial skills; • Develop relationships with community partners and outside agencies; • Travel to various sites in the City to complete work activities and work outdoors in a variety of weather and atmospheric conditions, including visiting encampments, creeks, homeless safe park, and other locations frequented by unhoused residents; • Visit remote areas that are may be hidden by brush and trees. • On occasion work irregular hours, shifts or weekends as required; • Assess community needs, and evaluate programs effectiveness, using outcome data to determine effectiveness of program components and recommend program modifications as necessary;
• Establish and coordinate program services, policies, and procedures to ensure compliance with federal, state, and local regulations, and best practices; Item 7.11
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• Exercise sound judgement and political astuteness in complex situations; • Develop creative and effective solutions to challenging problems and issues; • Coordinate activities across multiple City departments and other agencies; • Communicate clearly and concisely, both orally and in writing; and • Establish and maintain effective working relationships with members of the unhoused community, community partners, external agencies, and those contacted in the course of work; and
• Occasionally lift and move up to 30 pounds.

Possession of:
• Valid California Driver’s License or the ability to obtain alternate transportation as approved by the appointing authority.

Est. 8/23, Rev 05/26
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CITY OF CAMPBELL

UNHOUSED SPECIALIST

TYPICAL DUTIES
Typical duties will include, but are not limited to:
• Conducts street outreach, intake interviews, assessments, and develops case plans inclusive of all needs, including but not limited to, housing, employment, benefits, substance abuse and/or mental health treatment, and meets with clients as needed; • Engages in system-wide case conferencing and coordination efforts with team members; • Meets participants, both in the office and in the field, for community-based service delivery; • Maintains consistent contact with clients to remain informed on clients’ progress and needs, and provides direct and indirect assistance with financial management, crisis resolution, employment and benefits, advocacy, and other services as needed; • Provides community engagement, and on-call and after-hours services as needed; • Assists participants with securing appropriate permanent housing through housing search, application assistance, and other supportive services;
• Complies with Health Insurance Portability and Accountability Act (HIPAA) standards and confidentiality;
• Gathers information regarding available services within the community; • Collaborates with the County departments, Community Based Organizations, Faith Based Community, and others to connect participants to community resources; • Coordinates encampment and safe parking engagement and service response on private and public property and conducts related follow up and evaluation of program outcomes; maintains a safe and secure environment for all participants; • Collects and maintains thorough and accurate records; • Maintains a caseload of program participants, including both short- and longer-term enrollments;
• Reports any suspected cases of abuse and neglect in accordance with state-mandated reporting laws;
• Communicates messages, strategies, and resources for hygienic practices to unsheltered individuals for improved quality of life and cleaner creek corridors; • Collects information on barriers to healthy living in the unsheltered community and identifies and executes projects to eliminate identified barriers; • Participates in ongoing analysis of program alignment with industry best practices, and proactively improves the quality of program services;
• Coordinates with Police Department and other City department staff; and • Performs other related duties as required.

EMPLOYMENT STANDARDS
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Education and Experience:
• Equivalent to an Associate's degree from an accredited college or university, with major course work in social work, psychology, or a closely related field. • Three (3) years of experience providing services to individuals experiencing homelessness, including direct contact and engagement with unhoused community members.
o A Bachelor’s degree in social work, psychology, or a closely related field may substitute for two (2) years of the required experience.

Knowledge of:
• Housing and social services available to unhoused individuals; • Applicable Federal, State and local laws concerning homelessness; • Regulatory codes, ordinances, procedures relevant to social services programs, such as those designed to improve/provide housing, education, employment, or socio-economic status;
• Techniques for engaging with people with diverse socio-economic backgrounds and implementing conflict resolution;
• Social, economic, and political issues relevant to unhoused individuals; trends in the field of homelessness and social services;
• Principles and practices of performing needs assessments; • Principles and practices of program development, implementation, management and evaluation;
• Principles and practices of conflict resolution and problem-solving techniques; • Principles and practices of community outreach, advocacy and public education; • Resources and requirements to acquire private and governmental funding.

Ability to:
• Work with people of diverse socio-economic backgrounds; • Provide hands-on instruction in basic living and financial skills; • Travel to various sites in the City to complete work activities and work outdoors in a variety of weather and atmospheric conditions, including visiting encampments, creeks, homeless safe park, and other locations frequented by unhoused residents; • Visit remote areas that may be hidden by brush and trees. • On occasion work irregular hours, shifts or weekends as required; • Assess community needs, evaluate program effectiveness, and recommend program modifications as necessary;
• Establish and coordinate program services, policies, and procedures to ensure compliance with federal, state, and local regulations, and best practices; • Exercise sound judgement and political astuteness in complex situations; • Develop creative and effective solutions to challenging problems and issues; • Coordinate activities across multiple City departments and other agencies; • Communicate clearly and concisely, both orally and in writing; • Establish and maintain effective working relationships with members of the unhoused community, community partners, external agencies, and those contacted in the course of work; and
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• Occasionally lift and move up to 30 pounds.

Possession of:
• Valid California Driver’s License or the ability to obtain alternate transportation as approved by the appointing authority.

Est. 8/23, Rev 05/26
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City Council Report
DATE: May 5, 2026
TITLE: Prohibition on Use of City Property for Federal Civil Immigration Enforcement Activities (Resolution/Roll Call Vote)
RECOMMENDED ACTION:

Adopt a resolution adopting a City Council policy prohibiting the use of City-owned and City-operated property for federal civil immigration enforcement activities.

BACKGROUND
On April 21, 2026, in response to a nationwide increase in federal civil immigration enforcement actions, continued increases in community fear related to these actions, and great concern over the loss of life connected to these actions, the City Council (Council) directed staff to return to the Council with a policy prohibiting the use of City of Campbell (City) property for federal civil immigration enforcement activities.

This memorandum and the attached resolution and draft policy respond to that direction.

DISCUSSION
In its April 21, 2026 meeting, the Council received a presentation from City staff regarding options for a policy that would prohibit or limit the use of City property by federal agents for civil immigration enforcement activities. The presentation included a summary of similar policies from nearby cities, including San Jose, Santa Clara, and Sunnyvale; and highlighted the components that were common among them. After hearing staff’s presentation, asking questions to seek clarification, and discussing the possible components of a policy for Campbell, the Council directed staff to return to the Council on May 5, 2026, with a policy similar to that of Santa Clara. Specifically, the Council requested staff return with a policy that would include the following:
• A prohibition on the use of all City-owned and City-controlled property for federal civil immigration enforcement activities;
• An exemption to allow for the use of City-owned or controlled property for the execution of lawful judicial warrants;
• An exemption for the use of City-owned or controlled property for the enforcement of criminal law by enforcement agencies; and
• An exemption from the policy for property that is the subject of an existing lease or other type of contractual agreement, with the exception of the Campbell Library operated by the Santa Clara County Library Joint Powers Authority (Library JPA); Item 10.1
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and, with the exception of City-owned property being operated and controlled by the Santa Clara County Fire Department (County Fire) for its Fire Stations.

In its discussion of how to implement such a policy, the Council recognized that there would be a significant amount of work associated with staff identifying all City-owned and City-controlled property covered by the policy. The Council also agreed that posting the identified properties or installing physical barriers to limit access to said properties was not necessary. With regard to any staff training needed to enforce the policy, the Council left it to the discretion of the City Manager’s Office, which had already provided and would continue to provide information and training to staff around engaging with federal immigration enforcement officers.

THE POLICY
As directed, staff has drafted a policy (attached hereto) that clearly prohibits federal agents from using City-owned and City-controlled property for civil immigration efforts. In addition, the policy exempts:
• Property that is being used for the lawful execution of a judicial warrant; • Property that is being used for criminal enforcement activities; and • Property that is the subject of an existing lease, license, or other agreement with the City.

With regard to the Library JPA’s operation of the Campbell Library, the City and the Library JPA have agreed to include language in a new lease agreement that provides as follows:

Compliance with Government Regulations. Tenant shall, at its sole cost and expense, comply with all laws, ordinances, statutes, codes, regulations, or other requirements of all local, state and federal authorities now in force, or which may hereafter be in force, pertaining to the Premises. This section shall include, but is not limited to, any policies and procedures adopted by the Campbell City Council. With regard to the use of the Premises, Tenant shall faithfully observe all local ordinances and state and federal statutes now in force or which may hereafter be in force.
(Emphasis added.)
Staff will be bringing the above lease agreement to the Council for approval on May 19, 2026, and the Library JPA will be taking it to its Board on June 4, 2026. Additionally, the proposed policy includes language that it will not apply to property that is subject to an existing lease or other contractual restriction, unless otherwise agreed to by the parties.

For the City-owned property operated and under the control of County Fire, on December 9, 2025, the County of Santa Clara (County) passed a resolution adopting a policy which similarly prohibits the use of County-owned or controlled property for federal civil immigration enforcement efforts. Accordingly, the City-owned property being used by County Fire is already subject to a prohibition on its use for federal civil immigration enforcement.

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If the Council adopts the attached resolution that includes the draft policy, staff will work to identify properties that would be subject to the policy, and advise employees on how to follow up when federal agents are seeking to or have engaged in the unlawful use of said property for civil immigration enforcement efforts.

FISCAL IMPACT
There is no fiscal impact to the Council adopting the attached resolution.

ALTERNATIVES

1. Adopt the resolution with amendments to the draft policy.

2. Do not adopt the attached resolution, including the draft policy.

PREPARED BY: Angelique Gaeta, Assistant City Manager
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Report Approval Details
Document Title: Prohibition on Use of City Facilities for Immigration Enforcement Activities.docx
Attachments: Resolution Approving Policy Prohibiting Use of City Property for Civil Immigration Enforcement_04.27.2026.docx
Campbell Proposed Policy Prohibiting Use of City Facilities for Immigration Enforcement_Final Draft_04.24.2026.docx
Final Approval
Date:

April 29, 2026
This document and all of its attachments were approved and signed as outlined below:

Andrea Sanders, City Clerk
Brian Loventhal, City Manager
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RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL

ADOPTING A COUNCIL POLICY PROHIBITING THE USE OF CITY

PROPERTY FOR CIVIL IMMIGRATION ENFORCEMENT ACTIVITIES
WHEREAS, on April 21, 2026, in response to a nationwide increase in federal civil immigration enforcement actions, continued increases in community fear related to these actions, and great concern over the loss of life connected to these actions, the City Council (Council) directed staff to return to the Council with a policy prohibiting the use of City of Campbell (City) property for federal civil immigration enforcement activities; and
WHEREAS, on April 21, 2026, the Council specifically requested staff return with a policy that would include the following:
• A prohibition on the use of all City-owned and City-controlled property for civil immigration enforcement activities;
• An exemption to allow for the use of City-owned or controlled property for the execution of lawful judicial warrants;
• An exemption for the use of City-owned or controlled property for the enforcement of criminal law by enforcement agencies;
• An exemption for property that is the subject of an existing lease or other type of contractual agreement, with the exception of the Campbell Library that will be operated by the Santa Clara County Library Joint Powers Authority (Library JPA); and, with the exception of City-owned property operated and controlled by the Santa Clara County Fire Department (County Fire) for its Fire Stations; and
WHEREAS, staff has drafted a policy (attached hereto) that clearly prohibits federal agents from using City-owned and City-controlled property for civil immigration efforts, exempting:
• Property that is being used for the lawful execution of a judicial warrant; • Property that is being used for criminal enforcement activities; and • Property that is the subject of an existing lease, license, or other agreement with the City; and
WHEREAS, to address the Council’s concerns regarding its lease with the Library JPA to operate the Campbell Library, the City has included in its lease with the Library JPA language that requires them to comply with all City policies and procedures; and
WHEREAS, to address the Council’s concerns regarding City property controlled by County Fire for its Fire Stations, County Fire is already subject to an existing Santa Clara County (County) policy prohibiting the use of County Fire-controlled property for civil immigration enforcement activities; and WHEREAS, in light of the above lease condition and the above County policy, the proposed Campbell Council policy need not include language specifically regarding these particular City-owned properties;
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NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Campbell does hereby adopt the proposed Council Policy prohibiting the use of City-owned and City-controlled property for federal civil immigration enforcement activities, as more fully spelled out in the attached proposed Council Policy 10.7.

PASSED AND ADOPTED this 5th day of May, 2026 by the following roll call vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

APPROVED:

Daniel E. Furtado, Mayor
ATTEST:

Andrea Sanders, City Clerk
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PROPOSED SECTION 10.7

PROHIBITION ON THE USE OF CITY PROPERTY FOR

CIVIL IMMIGRATION ENFORCEMENT ACTIVITIES
I. Purpose.

This Prohibition on the Use of City Property for Civil Immigration Enforcement Activities (Policy) responds to a nationwide increase in federal civil immigration enforcement actions, a continued increase in community fear related to these actions, and great concern over the loss of life connected to these actions.

II. Definitions.
a. “Operation Base” shall mean an area that is used to plan, coordinate and execute civil immigration enforcement activities.
b. “Processing Location” shall mean an area that is used for activities such as the identification, intake, processing of documentation, detention, arrest, or temporary holding of individuals in connection with civil immigration enforcement operations.
c. “Property” shall include but not be limited to any City-owned or City-controlled lot, vacant lot, parking lot, parking garage, park, open space, or other facility, building, or structure.
d. “Staging Area” shall mean an area that is used to assemble, mobilize, and deploy vehicles, equipment, or materials, and related personnel, for the purpose of carrying out civil immigration enforcement operations.

III. Prohibition on Use of City Property for Civil Immigration Enforcement Activities.

No City-owned or City-controlled Property shall be used as a Staging Area, Processing Location, or Operations Base for civil immigration enforcement purposes.

IV. Limitations on Scope.
a. Existing Agreements. This Policy does not apply to Property that is subject to an existing lease, license, operator agreement, or other contractual restriction entered into with the City, unless otherwise agreed to by the parties to that existing agreement.
b. Criminal Law Enforcement. Nothing in this Policy shall be construed as restricting or interfering with the execution of lawful judicial warrants or the Item 10.1
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enforcement of criminal law by any federal, state or local law enforcement agency.
c. Other Rights Under State or Federal Law. Nothing in this Policy shall be construed as limiting the rights of any person or entity under state or federal law. d. Other Lawful Uses. This Policy does not prohibit the lawful use of City-owned and City-controlled Property for purposes other than the civil immigration enforcement activities expressly prohibited hereunder, nor does it restrict any person or entity, including, without limitation, federal law enforcement agencies, from carrying out functions unrelated to those purposes on such Property.

V. Future Agreements.

Wherever possible, and allowed by law, the City Manager shall direct that the use limitations set forth in this Policy be included in all future leases, licenses, operator agreements, or other contractual restrictions relating to City-owned or City-controlled Properties.

VI. Severability.

If any section, subsection, sentence, clause, phrase, or word of this Policy or its application is for any reason held to be invalid or unconstitutional by a decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Policy. To this end, the provisions of this Policy, and each of them, are severable.

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City Council Report
DATE: May 5, 2026
TITLE: Council Committee Reports
RECOMMENDED ACTION:

That the City Council report on activities from their committee assignments.

MAYOR FURTADO
City Attorney Performance/Compensation Subcommittee
City Clerk Performance/Compensation Subcommittee
City Manager Performance/Compensation Subcommittee
Economic Development Subcommittee
Finance Subcommittee
Legislative Subcommittee
Association of Bay Area Governments (ABAG)
Cities Association of Santa Clara County - City Selection Committee Silicon Valley Regional Interoperability Authority**
West Valley Mayors and Managers
West Valley Sanitation District
US Mayor’s Water Council**
Valley Transportation Authority Policy Advisory Committee Campbell Historical Museum & Ainsley House Foundation (Alt.) Cities Association of Santa Clara County Board Representative (Alt.) Santa Clara County Emergency Operational Council (EOAC)** (Alt.) Silicon Valley Animal Control Authority Board (SVACA) (Alt.)

VICE MAYOR BYBEE
Education Subcommittee
Friends of the Heritage Theater Liaison
Legislative Subcommittee
City Attorney Performance/Compensation Subcommittee
City Clerk Performance/Compensation Subcommittee
City Manager Performance/Compensation Subcommittee
Campbell Historical Museum & Ainsley House Foundation Liaison Cities Association of Santa Clara County: Board Representative Santa Clara County Library District JPA Board of Directors Silicon Valley Animal Control Authority Board (SVACA)
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Cities Association of Santa Clara Legislative Action Committee Cities Association of Santa Clara County City Selection Committee (Alt.) Silicon Valley Clean Energy JPA Board of Directors (Alt.) West Valley Mayors and Managers (Alt.)

COUNCILMEMBER SCOZZOLA
Advisory Commissioner Appointment Interview Subcommittee

COUNCILMEMBER HINES
Advisory Commissioner Appointment Interview Subcommittee DCBA Liaison
Economic Development Subcommittee
League of California Cities Peninsula Division Housing, Community & Economic Development Committee**
San Jose Bristol Hotel Transitional Housing Community Advisory Committee Santa Clara Valley Water District County Water Commission West Valley Solid Waste Management Authority JPA
West Valley Stormwater Authority
Silicon Valley Clean Energy JPA Board of Directors
Santa Clara County Housing and Community Development Advisory Committee (Alt.) West Valley Sanitation District (Alt.)
Valley Transportation Authority Policy Advisory Committee (Alt.)

COUNCILMEMBER LOPEZ
Campbell Ministerial Interfaith Group
Finance Subcommittee
Education Subcommittee
League of California Peninsula Division Executive Committee** Santa Clara County Housing and Community Development Advisory Committee Valley Transportation Authority Board of Directors**
Association of Bay Area Governments (Alt.)
DCBA Liaison (Alt.)
Friends of the Heritage Theater Liaison (Alt.)
Santa Clara County Library District JPA Board of Directors (Alt.) Santa Clara Valley Water District County Water Commission (Alt) West Valley Solid Waste Management Authority JPA (Alt.) West Valley Stormwater Authority (Alt.)
**appointed by other agencies
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PREPARED BY: Kristen Epolite, Deputy City Clerk Item 11.1 Tuesday, May 05, 2026 177 of 177

Campbell City CouncilMay 5, 2026

Campbell City Council
May 5, 2026