City Council Agenda
Campbell Community Center Room C-35
1 W. Campbell Ave., Campbell, California
ATTENTION: This meeting is being held at an alternate location and will not be conducted in the City Hall Council Chambers. Please see meeting location above. Location map will be provided on the City's website Agenda Center with the posting of this agenda.
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
Monday, August 03, 2026 07:00 PM
Campbell Community Center - Room C-35
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.
COMMUNICATIONS AND PETITIONS
1. 2.
3. 4.
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
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 Executive Session Meeting of July 7, 2026
Recommended Action
Approve the executive session meeting minutes of July 7, 2026.
Minutes of City Council Regular Meeting of July 7, 2026. Page 8 Recommended Action
Approve the regular meeting minutes of July 7, 2026.
Approving Payment of Bills and Claims Page 27
Recommended Action
Approve the bills and claims in the amount of $3,327,650.88.
Monthly Treasurer’s Report (June 2026) Page 29
Recommended Action
That the City Council review and accept the Monthly Treasurer’s Report for the month ended June 30, 2026.
Monthly Investment Transactions Report- June 2026 Page 32 Recommended Action
That the City Council review and accept the Monthly Investment Transactions
5. 6.
7. 7.1
7.2 7.3
7.4 7.5
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Report for June 2026.
Investment Report - Quarter Ending June 2026 Page 90
Recommended Action
That the City Council approve the Investment Report for the quarter ending June 2026 and the report be noted and filed.
Resolution Approving Agreement with Trio Community Meals, LLC to Provide Catered Meals for the Senior Nutrition Program for Fiscal Year 2026-27 (Resolution/Roll Call Vote)
Recommended Action
That the City Council adopt a Resolution approving the Seventh Amendment to the Agreement with Trio Community Meals, LLC to provide catered meals for the Senior Nutrition Program for Fiscal Year 2026-27 and authorize the City Manager to execute the Amendment.
Accepting Improvements for the Campbell Community Center Skate Park Renovation Project No. 25-OO, File Notice of Completion, and Other Associated Actions
Recommended Action
That the City Council adopt a resolution for: 1) accepting the improvements for the Campbell Community Center Skate Park Renovation Project No. 25-OO; 2) directing the City Engineer to file the Notice of Completion; and 3) authorizing the Finance Director to return associated budget surplus back to the Park Dedication Fund.
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.
Continued Public Hearing to Consider Adoption of an Interim Ordinance Superseding a Prior Interim Ordinance
Implementing Senate Bill (SB) 450 (2024), as Modified by Assembly Bill (AB) 1061 (2025). (Ordinance; 4/5 Roll Call Vote)
Recommended Action
7.6 7.7
7.8 8.
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It is recommended that the City Council adopt an interim ordinance superseding Interim Ordinance No. 2321 and revising regulations applicable to single-family residential development and urban lot splits, including updated objective design standards consistent with the direction provided by the Council.
NEW BUSINESS
Approval of Plans and Specifications, Authorization to Solicit Bids, Award and Approve Contract, and Other Associated
Actions for the Campbell Adult Center Relocation and
Renovation Project No. 25-LL (Resolution/Roll Call Vote)
Recommended Action
That the City Council adopt a resolution 1) approving the plans and specifications for the Campbell Adult Center Relocation and Renovation Project (No. 25-LL); 2) authorizing the solicitation of bids; 3) awarding and approving the subsequent construction contract to the lowest, responsive bidder in an amount not to exceed $2,260,000, plus a 10% contingency of $226,000; 4) authorizing the City Manager to execute said contract as specified in Campbell Municipal Code Section 3.20.100; 5) authorizing the Finance Director to perform associated budget adjustment; 6) authorizing the Public Works Director to negotiate and execute contract change orders up to and within the allocated construction contingency; and 7) authorizing the Public Works Director to reject bids and rebid the project, should bids received have unamenable irregularities.
Approval of the East Campbell Avenue Plan Line
(Resolution/Roll Call Vote)
Recommended Action
That the City Council adopt a resolution approving the East Campbell Avenue Plan Line.
UNFINISHED BUSINESS
Campbell Climate Action and Adaptation Plan (Resolution/Roll Call Vote)
Recommended Action
That the City Council adopt a resolution adopting the Climate Action and Adaptation Plan.
COUNCIL COMMITTEE REPORTS
9. 9.1
9.2 10.
10.1 11.
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Council Committee Reports Page 773
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.
11.1 12.
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CITY COUNCIL MINUTES
City of Campbell, 70 N. First St., Campbell, California
EXECUTIVE SESSION MEETING OF THE CAMPBELL CITY COUNCIL
Tuesday, July 07, 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
Vice Mayor Bybee
Councilmember Hines
Councilmember Scozzola
Councilmember Lopez
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.
2. PUBLIC COMMENT
There was no public comment.
3. MOVE INTO CLOSED EXECUTIVE SESSION
A. Personnel - Pursuant to G.C. Section 54957: Public Employee Performance Evaluation – City Manager
Pursuant to G.C. Section 54957: Public Employee Performance Evaluation - City Clerk B. Litigation
C. Real Property
D. Labor Negotiations - Pursuant to G.C. Section 54957.6: Conference with Labor Item 7.1
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Negotiator - Agency Designated Representatives: City Council and City Manager Performance/ Compensation Subcommittee Members Dan Furtado and Anne Bybee Unrepresented Employee: City Manager
Pursuant to G.C. Section 54957.6: Conference with Labor Negotiator - Agency Designated Representatives: City Council and City Clerk Performance/ Compensation Subcommittee Members Dan Furtado and Anne Bybee
Unrepresented Employee: City Clerk
Pursuant to G.C. Section 54957.6: Conference with Labor Negotiator - Agency Designated Representatives: City Council; and City Manager, Brian Loventhal Employee Organizations: Campbell Municipal Employees Association (CMEA); Campbell Police Civilian Employees Association (CPCEA); Campbell Peace Officers' Association (CPOA); and North Coast States Regional Council of Carpenters and their Affiliated Local Unions (CARP)
City Clerk Sanders was in attendance for Item A and D on the agenda related to the City Clerk Performance Evaluation. City Manager Loventhal was in attendance for Item A and D on the agenda related to the City Manager Performance Evaluation. Assistant City Manager Gaeta and City Manager Loventhal were in attendance for Item D on the agenda related to Conference with Labor Negotiator.
4. ADJOURN
Mayor Furtado adjourned the meeting at 6:57p.m.
APPROVED: Daniel E. Furtado, Mayor
ATTEST: Andrea Sanders, City Clerk
Item 7.1
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CITY COUNCIL MINUTES
City of Campbell, 70 N. First St., Campbell, California
REGULAR MEETING OF THE CAMPBELL CITY COUNCIL
Tuesday, July 07, 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.
2. PLEDGE OF ALLEGIANCE
The Pledge of Allegiance was led by members of the Recreation and Community Services Department in recognition of Park and Recreation Month.
Mayor Furtado presented the team a Certificate of Appreciation for leading the Pledge.
3. SPECIAL PRESENTATIONS AND PROCLAMATIONS
3.1 Proclamation Declaring July 2026 as Park and Recreation Month Item 7.2
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Recommended Action: That the Mayor issue a proclamation declaring the month of July 2026 as National Park and Recreation Month for the City of Campbell.
Mayor Furtado issued a proclamation proclaiming July 2026 as Park and Recreation Month in the City of Campbell.
Recreation and Community Services Director Bissell accepted the proclamation on behalf of her staff and thanked the City Council for the recognition and their continued support of Park and Recreation Month.
Councilmembers thanked Ms. Bissell for her leadership and the Recreation staff for their outstanding recreation services they provide to the community.
4. COMMUNICATIONS AND PETITIONS
There were no communications and petitions.
5. ORAL REQUESTS
Susan M. Landry, Campbell resident, spoke on the difficultly of complying with home occupation business requirements and requested these outdated rules be added to staff's workplans.
6. COUNCIL ANNOUNCEMENTS
The City of Campbell invites you to the Ribbon Cutting ceremony for our new police building located at 100 N. First Street on Friday, July 10, from 9:00 a.m. to 11:00 a.m. Funded by voters through Measure O, this facility is a direct result of our community’s investment in public safety. The event will feature brief remarks followed by the official ribbon cutting.
Movie Nights. Join us under the stars at John D. Morgan Park. Bring your lawn chairs, blankets, jackets and snacks. It’s free! On Friday, July 10 “The Incredibles” will be the featured film. The film featured can be seen on the Pony Baseball Diamond.
Join us Thursday nights for the 34th Annual Summer Concert Series from 6:30 p.m. to 8:00 p.m. through August 27 at the Orchard City Green located between City Hall and the Campbell Library. Thursday, July 9, will feature “Sonic Addiction” and on July 16, “The Floorshakers.”
The Chamber of Commerce is seeking volunteers to help staff with its Relay for Life Hospitality Tent from Saturday, July 11 at 10:00 a.m. through Sunday, July 12. The tent offers snacks, refreshments and a welcoming place to Relay participants to rest and Item 7.2
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recharge throughout the event. If you are interested in volunteering for a shift, please contact [email protected] to sign up.
History Happy Hour. Come sip snack and socialize and learn a little history. History Happy Hour is a lecture series at the Ainsley House where you can learn about interesting topics, meet new people and tour the Ainsley House. The line up for these meetings will be on Friday, July 31, August 28 and September 18 from 5:30 p.m. to 7:30 p.m., admission is $25 per person. Registration is required please visit www.campbellmuseums.com.for event information and registration.
Attention Pool Users, The Campbell Community Center Pool will close September 1, 2026.
The last day for regular programming will be Monday, August 31, 2026.
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 including the desk item for Item
7.3. AYES (5): Lopez, Furtado, Scozzola, Bybee, and Hines RESULT: ADOPTED BY ROLL CALL VOTE: (5 to 0)
7.1 Minutes of City Council Executive Session Meeting of June 16, 2026 MOVER Hines
SECONDER Bybee
Recommended Action: Approve the executive session meeting minutes of June 16, 2026.
RESULT: ADOPTED BY ROLL CALL VOTE:
This action approves the executive session meeting minutes of June 16, 2026.
7.2 Minutes of City Council Regular Meeting of June 16, 2026 Item 7.2
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MOVER Hines
SECONDER Bybee
Recommended Action: Approve the regular meeting minutes of June 16, 2026.
RESULT: ADOPTED BY ROLL CALL VOTE:
This action approves the regular meeting minutes of June 16, 2026.
7.3 Approving Payment of Bills and Claims
MOVER Hines
SECONDER Bybee
Recommended Action: Approve the bills and claims in the amount of $3,439,308.69.
RESULT: ADOPTED BY ROLL CALL VOTE:
As adopted in the desk item, this action approves the bills and claims in the amount of $3,439,308.69 as follows: bills and claims checks dated June 1, 2026, in the amount of $1,576,227.39; payroll checks dated June 4, 2026, in the amount of $74,575.11; bills and claims checks dated June 8, 2026 in the amount of $350,863.43; bills and claims checks dated June 15, 2026, in the amount of $1,404,862.38; and payroll checks dated June 18, 2026, in the amount of $32,780.38.
7.4 Monthly Investment Transactions Report- May 2026
MOVER Hines
SECONDER Bybee
Recommended Action: That the City Council review and accept the Monthly Investment Transactions Report for May 2026.
RESULT: ADOPTED BY ROLL CALL VOTE:
This action reviews and accepts the Monthly Investment Transactions Report for May 2026.
7.5 Monthly Treasurer’s Report (May 2026)
MOVER Hines
SECONDER Bybee
Recommended Action: That the City Council review and accept the Monthly Treasurer’s Report for the month ended May 31, 2026.
RESULT: ADOPTED BY ROLL CALL VOTE:
Item 7.2
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This action reviews and accepts the Monthly Treasurer's Report for the month ended May 31, 2026.
7.6 Adoption of Ordinance 26-2353 Adjusting City Council Compensation MOVER Hines
SECONDER Bybee
Recommended Action: That the City Council take second reading of Ordinance 26- 2353 adjusting City Council Compensation effective January 2027.
RESULT: ADOPTED BY ROLL CALL VOTE:
Ordinance 26-2353 approves adjusting the City Council Compensation effective January, 2027.
7.7 Approve an agreement with HdL Companies for sales or transaction and use tax services, authorize the City Manager to execute the agreement, and dispense with bidding procedures (Resolution/Roll Call Vote) MOVER Hines
SECONDER Bybee
Recommended Action: That the City Council adopt a resolution approving an agreement, authorizing the City Manager to execute a five-year Agreement with Hinderliter, De Llamas & Associates (HdL Companies) to provide Sales or Transaction and Use Tax Audit Services and Sales or Transaction and Use Tax Management Services, and dispensing with the bidding procedures specified in Campbell Municipal Code (CMC) Section 3.20.050.
RESULT: ADOPTED BY ROLL CALL VOTE:
Resolution 26-13407 approves an agreement, authorizing the City Manager to execute a five-year Agreement with Hinderliter, De Llamas & Associates (HdL Companies) to provide Sales or Transaction and Use Tax Audit Services and Sales or Transaction and Use Tax Management Services, and dispensing with the bidding procedures specified in Campbell Municipal Code (CMC) Section 3.20.050.
7.8 Resolution Approving the Revision of the Recreation Coordinator, Community Services Officer, and Street and Fleet Maintenance Supervisor Classification Specifications, and the Addition of a New Classification Specification for Lead Mechanic (Resolution/Roll Call Vote)
MOVER Hines
SECONDER Bybee
Item 7.2
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Recommended Action: Adopt a resolution approving the revised classification specifications for Recreation Coordinator, Community Services Officer, and Street and Fleet Maintenance Supervisor, and a new classification specification for Lead Mechanic.
RESULT: ADOPTED BY ROLL CALL VOTE:
Resolution 26-13408 approves the revised classification specifications for Recreation Coordinator, Community Services Officer, and Street and Fleet Maintenance Supervisor, and a new classification specification for Lead Mechanic.
7.9 Approval of Memorandum of Understanding between City of Campbell and Campbell Municipal Employees Association (CMEA)
(Resolution/Roll Call Vote)
MOVER Hines
SECONDER Bybee
Recommended Action: That the City Council adopt a resolution ratifying a successor Memorandum of Understanding, effective July 1, 2026 through June 30, 2028, between the City of Campbell and the Campbell Municipal Employees Association (CMEA).
RESULT: ADOPTED BY ROLL CALL VOTE:
Resolution 26-13409 approves ratifying a successor Memorandum of Understanding, effective July 1, 2026 through June 30, 2028, between the City of Campbell and the Campbell Municipal Employees Association (CMEA).
8. PUBLIC HEARINGS AND INTRODUCTIONS OF ORDINANCES
8.1 Lighting and Landscaping District LLA-1, Fiscal Year 2026-27 – Confirming Assessments (Resolution/Roll Call Vote)
This is the time and place set for hearing public comments on the Engineer's Report for the City of Campbell’s Lighting and Landscaping Assessment District and on the levy and collection of the proposed assessment for Fiscal Year 2026-2027. These proceedings are conducted pursuant to the Landscaping and Lighting Act of 1972.
Mayor Furtado gave opening statements, declared the public hearing open and asked if there was anyone in the audience wishing to be heard.
City Clerk Sanders read the Clerk’s statement verifying public hearing notification and stated that no protests were received.
Item 7.2
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Senior Civil Engineer Roger Storz provided a statement regarding the nature of the lighting and landscape district.
There being no one wishing to speak, Mayor Furtado closed the public hearing.
The City Council motioned for approval of the item.
MOVER Bybee
SECONDER Hines
That the City Council adopt Resolution 26-13410 overruling protests, if any, approving the Engineer’s Report, ordering the improvements, and confirming the diagram and assessments.
AYES (5): Lopez, Furtado, Scozzola, Bybee, and Hines
RESULT: ADOPTED [UNANIMOUS] (5 to 0)
8.2 Public Hearing to consider adoption of an interim ordinance superseding prior interim ordinance implementing Senate Bill (SB) 450 (2024), as modified by Assembly Bill (AB) 1061 (2025), to revise historic resource eligibility provisions applicable to two-unit developments and urban lot splits, simplify subdivision regulations, and eliminate design standards for certain Single-Family Residential Zoning Districts (Ordinance/ 4/5 roll call vote).
Now is the time and place for a public hearing to consider an interim ordinance superseding Interim Ordinance No. 2321 and revising regulations applicable to single-family residential development and urban lot splits.
Councilmember Hines recused himself from this item stating a conflict of interest in owning property within the Campbell Village.
Mayor Furtado recused himself from this item stating a conflict of interest by having property in a historical district.
The Rule of Necessity was invoked and straws were drawn. Mayor Furtado was not able to participate in the discussion, passed the gavel to Vice Mayor Bybee, and left the dais.
Item 7.2
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Senior Planner Fama presented a staff report dated July 7, 2026, and recommended adopting an interim ordinance superseding Interim Ordinance No. 2321 and revising regulations applicable to single-family residential development and urban lot splits.
Following City Council questions Vice Mayor Bybee opened the public hearing and asked if anyone wished to speak.
Daraius Sorabji, Campbell resident, spoke about inequities between Planned Development homeowners and Single Family homes and the Floor Area Ratio (FAR) in the San Tomas Area.
Richard Ward, Campbell resident, requested a change in driveway standards.
Lauren Jean Rice, Campbell resident, stated support of objective design standards in the San Tomas Area and Campbell Village and did not wish for them to be eliminated.
Seeing no one else wishing to speak, Vice Mayor Bybee closed the public hearing.
Councilmembers asked follow up questions related to the public speaker comments.
The City Council discussed continuing the item in order to address public concerns and to refine standards as applicable to home additions.
Staff recommended that the Council also consider an Objective Standard related to a higher FAR.
Vice Mayor Bybee reopened the public hearing for Item 8.2.
The City Council motioned to return with a revised Ordinance for discussion.
MOVER Hines
SECONDER Lopez
It is recommended that the City Council continue this item to August 3, 2026, to include objective standards and revisions to driveway standards, with Floor Area Ratio requirements to be discussed at a later date.
AYES (4): Lopez, Scozzola, Bybee, and Hines
RECUSAL (1): Furtado
Item 7.2
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RESULT: ADOPTED [UNANIMOUS] (4 to 0)
8.3 Public Hearing to Consider Adoption of a Resolution revoking the Business License and Tobacco Retailer Permit for California Cigar and More #3 located at 2145 South Winchester Blvd, Campbell. (Resolution/Roll Call Vote)
Now is the time and place for a public hearing to consider adopting a Resolution revoking the Business License and Tobacco Retailer Permit for California Cigar and More #3, located at 2145 South Winchester Boulevard, Campbell, CA.
City Clerk Sanders swore in all testifying parties.
Community Development Director Eastwood presented a staff report dated July 7, 2026.
Following City Council questions, Mayor Furtado opened the public hearing and invited the appellant or their representative to speak.
Appellant Amran Mohamed spoke of the business and requested the City Council approve the appeal and not revoke the business license.
Mayor Furtado asked if anyone of the public wished to speak on this matter. There were no public comments.
Mayor Furtado asked the appellant if they wished to provide closing comments. No closing comments were provided and Mayor Furtado closed the public hearing.
Officer Palmer provided information on the sale of the illegal substances and details of the business inspection.
After discussion, the City Council motioned for approval of the item to deny the appeal.
MOVER Hines
SECONDER Furtado
That the City Council adopt Resolution 26-13411 revoking the Business License and Tobacco Retailer Permit for California Cigar and More #3, located at 2145 South Winchester Boulevard, Campbell, CA; and deny the appeal.
Item 7.2
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AYES (4): Lopez, Furtado, Bybee, and Hines
ABSTAINED (1): Scozzola
RESULT: ADOPTED BY ROLL CALL VOTE: (4 to 0)
8.4 Public Hearing to Consider Adoption of a Resolution revoking the Business License and Tobacco Retailer Permit for Haze Downtown Smoke Shop, located at 469 East Campbell, Campbell. (Resolution/Roll Call Vote)
Now is the time and place for a public hearing to consider adopting a Resolution revoking the Business License and Tobacco Retailer Permit for California Cigar and More #3, located at 2145 South Winchester Boulevard, Campbell, CA.
City Clerk Sanders swore in all testifying parties.
Community Development Director Eastwood presented a staff report dated July 7, 2026.
Officer Palmer provided information to Councilmember questions related to the sale of flavored tobacco products.
Following City Council questions, Mayor Furtado opened the public hearing and invited the appellant or their representative to speak.
Thaer Sunnaa requested that Items 8.4 and 8.5 be continued to a later date to allow more time to prepare for the case; additionally he noted that this was his first offense and requested the appeal be granted and that is business license not be revoked.
Mayor Furtado asked if anyone of the public wished to speak on this matter.
M. Champ spoke in support of Mr. Sunnaa, she asked the City Council to continue this hearing to a future date and expressed concerns with the public noticing.
Seeing no one else from the public wishing to speak, Mayor Furtado asked the appellant if they wished to provide closing comments.
The appelant stated their business has not had any other violations in the six years they have been open.
Item 7.2
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City Attorney Selgimann swore in City Clerk Sanders.
City Clerk Sanders provided testimony on the notices that were sent to the appellants and property owners, confirming that notices were sent in accordance with requirements stated in the Campbell Municipal Code.
Councilmembers discussed the appeal and the potential to suspend the business license.
After discussion, the City Council motioned to suspend the business license. The motion failed.
The City Council motioned for approval of the item as recommended and it was adopted.
MOVER Hines
SECONDER Bybee
That the City Council suspend the Tobacco Retailer Permit and Business License for Haze Downtown Smoke Shop, located at 469 East Campbell, CA, for a period of 30 days.
AYES (2): Scozzola, and Hines
NAYS (3): Lopez, Furtado, and Bybee
RESULT: FAILED (2 to 3)
MOVER Furtado
SECONDER Lopez
That the City Council adopt Resolution 26-13412 revoking the Tobacco Retailer Permit and Business License for Haze Downtown Smoke Shop, located at 469 East Campbell, CA; and deny the appeal.
AYES (3): Lopez, Furtado, and Bybee
NAYS (2): Scozzola, and Hines
RESULT: ADOPTED BY ROLL CALL VOTE: (3 to 2)
Item 7.2
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8.5 Public Hearing to Consider Adoption of a Resolution revoking the Business License and Tobacco Retailer Permit for Haze Smoke Shop, located at 2050 South Bascom, Campbell (Resolution/Roll Call Vote) Now is the time and place for a public hearing to consider adopting a Resolution revoking the Tobacco Retailer Permit and Business License for Haze Smoke Shop, located at 2050 South Bascom, Campbell and deny the appeal.
City Clerk Sanders swore in all testifying parties.
Community Development Director Eastwood presented a staff report dated July 7, 2026.
Following City Council questions, Mayor Furtado opened the public hearing and invited the appellant or their representative to speak.
Thaer Sunnaa spoke on how this revocation would effect his livelihood and requested a suspension and not a revocation.
Mayor Furtado asked if anyone of the public wished to speak on this matter.
M. Champ spoke in support of Mr. Sunnaa, and asked the City Council to to grant the appeal and not authorize the revocation.
Seeing no one else from the public wishing to speak, Mayor Furtado asked the appellant if they wished to provide closing comments.
The appellant noted that he has not had any prior violations and that he is currently paying fines imposed by the State.
Seeing no one else wishing to speak, Mayor Furtado closed the public hearing.
The City Council discussed a 30-day suspension.
Officer Palmer provided information on flavored tobacco.
After discussion, the City Council motioned to suspend the Business License and Tobacco Retailer Permit.
MOVER Hines
SECONDER Scozzola
That the City Council adopt Resolution 26-13413, revise the header of Item 7.2
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Resolution 26-13413 to Haze Smoke shop and revise the last line of the resolution to state "...suspend the Business License and Tobacco Retailer Permit for Haze Smoke Shop located at 2050 S. Bascom Avenue for a period of 30 days.
AYES (3): Furtado, Scozzola, and Hines
NAYS (2): Lopez, and Bybee
RESULT: ADOPTED BY ROLL CALL VOTE: (3 to 2)
8.6 Public Hearing to Consider Adoption of a Resolution revoking the Business License for Sage Smoke Shop, located at 484 West Hamilton Avenue, Campbell (Resolution/Roll Call Vote)
Now is the time and place for a public hearing to consider adoption a Resolution revoking the Business License for Sage Smoke Shop, located at 484 West Hamilton Avenue, Campbell.
City Clerk Sanders swore in all testifying parties.
Community Development Director Eastwood presented a staff report dated July 7, 2026.
Officer Palmer provided a report on the business inspections performed by the Campbell Police.
Following City Council questions, Mayor Furtado opened the public hearing and invited the appellant or their representative to speak.
No comments were provided by the appellants.
Mayor Furtado asked if anyone of the public wished to speak on this matter. There were no public comments.
Seeing no one else wishing to speak, Mayor Furtado closed the public hearing.
After discussion, the City Council motioned for approval of the Item.
MOVER Bybee
SECONDER Lopez
Item 7.2
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That the City Council adopt Resolution 26-13414 revoking the Business License for Sage Smoke Shop, located at 484 West Hamilton Avenue, Campbell.
AYES (3): Lopez, Furtado, and Bybee
NAYS (1): Hines
ABSTAINED (1): Scozzola
RESULT: ADOPTED BY ROLL CALL VOTE: (3 to 1)
8.7 Public Hearing to Consider Adoption of a Resolution revoking the Business License for Dreamy Exotics located at 835 Union Avenue, Campbell. (Resolution/Roll Call Vote)
Now is the time and place for a public hearing to consider adopting a resolution revoking the Business License for Dreamy Exotics located at 835 Union Avenue, Campbell.
City Clerk Sanders swore in all testifying parties.
Community Development Director Eastwood presented a staff report dated July 7, 2026.
Officer Palmer provided additional information on the business inspections performed.
Following City Council questions, Mayor Furtado opened the public hearing and invited the appellant or their representative to speak.
The owner of Dreamy Exotics stated he had recently taken over the business and they were not aware of what had happened during previous Police Department business inspections.
Mayor Furtado asked if anyone of the public wished to speak on this matter.
Robert Brumley, property owner, verified the business owners statement; and was unaware of the violations.
Seeing no one else from the public wishing to speak, Mayor Furtado asked the appellant if they wished to provide closing comments.
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The appellant did not wish to provide closing comments, and Mayor Furtado closed the public hearing.
Police Chief Berg provided testimony related to this item.
The City Council discussed the business license and pending business license application for this address.
Staff clarified if this action is tied to the previous owner, any new owners could apply for a new business license not related to tobacco sales.
After discussion, the City Council motioned for approval of the item.
Following the item, the City Council took a recess at 10:05pm.
MOVER Hines
SECONDER Bybee
That the City Council adopt Resolution 26-13415 revoking the Business License for Dreamy Exotics located at 835 Union Avenue, Campbell.
AYES (5): Lopez, Furtado, Scozzola, Bybee, and Hines
RESULT: ADOPTED BY ROLL CALL VOTE: (5 to 0)
9. NEW BUSINESS
9.1 Placing the Cost of Abating Hazardous Vegetation on the Property Tax Assessment Roll (Resolution/Roll Call Vote)
The City Council reconvened at 10:15pm.
This item was heard under Public Hearings and Introduction of Ordinances and not New Business.
Now is the time and place for a public hearing to consider placing the cost of abating hazardous vegetation on the property tax assessment roll.
Community Development Director Eastwood presented a staff report dated July 7, 2026.
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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.
The City Council motioned for approval of the item.
MOVER Furtado
SECONDER Bybee
That the City Council adopt resolution 26-13416 placing the cost of abating hazardous vegetation on the property tax assessment roll.
AYES (5): Lopez, Furtado, Scozzola, Bybee, and Hines
RESULT: ADOPTED [UNANIMOUS] (5 to 0)
9.2 Authorization to Submit One Bay Area Grant (OBAG) Application (Resolution/Roll Call Vote)
Traffic Engineer Jue presented a staff report dated July 7, 2026.
Following City Council questions, Mayor Furtado asked if anyone wished to speak.
There were no public speakers.
After discussion, the City Council motioned for approval of the item.
MOVER Furtado
SECONDER Bybee
That the City Council adopt resolution 26-13417 authorizing the Public Works Director to submit One Bay Area Grant Cycle 4 (OBAG 4) Program grant application for the Campbell Priority Development Area (PDA) Enhancements Phase 3 Project (PDA Enhancements Phase 3 Project).
AYES (5): Lopez, Furtado, Scozzola, Bybee, and Hines
RESULT: ADOPTED [UNANIMOUS] (5 to 0)
9.3 Authorization of FY 2026-27 Measure O Tax Rate (Resolution/Roll Call Vote)
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Finance Director Fuentes presented a staff report dated July 7, 2026.
Following City Council questions, Mayor Furtado asked if anyone wished to speak.
Steve Saunders, Campbell resident, request the City Council adopt an ordinance to limit the reduction in the tax rate to no more than 2% every year for the Measure O bond.
After discussion, the City Council motioned for approval of Item 9.3.
MOVER Hines
SECONDER Bybee
That the City Council adopt Resolution 26-13418 authorizing an ad valorem tax levy based on a debt service estimate to be provided to Santa Clara County regarding general obligation bonds for Fiscal Year 2026-27.
AYES (5): Lopez, Furtado, Scozzola, Bybee, and Hines
RESULT: ADOPTED [UNANIMOUS] (5 to 0)
9.4 Third Party Building Plan Check and Inspection – Approval & Award Community Development Director Eastwood presented a staff report dated July 7, 2026.
Following City Council questions Mayor Furtado asked if anyone from the public would like to speak. There were no public comments.
The City Council motioned for approval of Item 9.4.
MOVER Bybee
SECONDER Lopez
That the City Council adopt Resolution 26-13419 approving Consultant Service Agreements with True North, West Coast Code Consultants, O‘Brien Code Consulting, Shums Coda Associates, Urban 37, and NV5 for Building Plan Check and Inspection services; with a not to exceed contract amount of $500,000 for each service agreement for a maximum contract term of three (3) years; and authorizing the City Manager to amend, negotiate, and execute a service contract with the six firms.
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AYES (5): Lopez, Furtado, Scozzola, Bybee, and Hines
RESULT: ADOPTED [UNANIMOUS] (5 to 0)
9.5 Resolution Approving the New Classification Specification for City Attorney (Resolution/Roll Call Vote)
Human Resources Manager Chang presented a staff report dated July 7, 2026.
Following City Council questions Mayor Furtado asked if anyone wished to speak.
Seeing no one wishing to speak, the City Council motioned for approval of Item 9.5.
MOVER Bybee
SECONDER Hines
Adopt Resolution 26-13420 approving the new classification specification of City Attorney.
AYES (5): Lopez, Furtado, Scozzola, Bybee, and Hines
RESULT: ADOPTED [UNANIMOUS] (5 to 0)
10. UNFINISHED BUSINESS
There was no unfinished business.
11. COUNCIL COMMITTEE REPORTS
11.1 Council Committee Reports
That the City Council report on activities from their committee assignments.
Councilmember Lopez attended a meeting of the Santa Clara Valley Transportation Authority.
Councilmember Hines raised concerns with a Councilmember interaction at a Police meeting and made a motion to agendize the review of this incident.
MOVER Hines
SECONDER Lopez
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That the City Council agendize the review of the Councilmember actions on June 10, 2026.
AYES (3): Lopez, Bybee, and Hines
NAYS (2): Furtado, and Scozzola
RESULT: ADOPTED [UNANIMOUS] (3 to 2)
12. ADJOURN
Mayor Furtado adjourned the meeting at 10:48 p.m.
APPROVED: Daniel E. Furtado, Mayor
ATTEST: Andrea Sanders, City Clerk
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City Council Report
DATE: August 3, 2026
TITLE: Approving Payment of Bills and Claims
RECOMMENDED ACTION:
Approve the bills and claims in the amount of $3,327,650.88.
DISCUSSION
The bills and claims that have been audited and approved by staff for payments made as noted below:
Type Check Date Amount
Bills & Claims June 22, 2026 $409,773.77
Bills & Claims June 29, 2026 $1,755,042.26
Payroll July 02, 2026 $76,178.55
Bills & Claims July 03, 2026 $526,593.52
Bills & Claims July 06, 2026 $29,599.88
Bills & Claims July 10, 2026 $394,794.65
Bills & Claims July 13 ,2026 $135,668.25
Total $3,327,650.88
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
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Report Approval Details
Document Title: Report Approving Bills and Claims 08.03.26.docx Attachments: Bills and Claims 06.22.26.pdf
Bills and Claims 06.29.26.pdf
Payroll 07.02.26.pdf
Bills and Claims 07.03.26.pdf
Bills and Claims 07.06.26.pdf
Bills and Claims 07.10.26.pdf
Bills and Claims 07.13.26.pdf
Final Approval Date: July 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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City Council Report
DATE: August 3, 2026
TITLE: Monthly Treasurer’s Report (June 2026)
RECOMMENDED ACTION:
That the City Council review and accept the Monthly Treasurer’s Report for the month ended June 30, 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 ended June 30, 2026. As shown in Attachment 1, the City recognized $13.9 million in revenues and incurred $10.8 million in expenditures in total, for all City funds along with over $12,500 of negative prior period adjustments. The City’s overall ending fund balance for June 2026 is $70.7 million, an increase of $3.1 million from the May 2026 total of $67.6 million. Also in the General Fund, the City recognized $8.8 million in revenues and incurred $7.4 million in expenditures in total, along with over $12,000 negative prior period adjustments. The General Fund’s overall ending fund balance for June 2026 is $32 million, an increase of nearly $1.5 million from the May 2026 total for $30.5 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 7.4
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Report Approval Details
Document Title: Report - Monthly Treasurer's Report June 2026.docx Attachments: 2026.06 Fund Balance Report.pdf
Final Approval Date: July 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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City of Campbell
Changes in Total Fund Balance
For the month ended June 30, 2026
Fund Balance
as of
05/31/2026
Prior Month
Adjustment
Current
Revenue
Current
Expenditure
Fund Balance
as of
06/30/2026
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 9,124,266.19 (12,272.71) 8,842,490.17 (7,389,551.05) 10,564,932.60 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 30,520,786.19 (12,272.71) 8,842,490.17 (7,389,551.05) 31,961,452.60 Special Revenue
Vehicle Impact 3,409,881.64 - 97,964.66 - 3,507,846.30
Gas Tax 3,163,114.62 - 220,094.02 (268,907.76) 3,114,300.88 Asset Forfeiture 216,570.15 - - - 216,570.15
Lighting & Landscape District 1,054,878.69 - 1,331,246.24 (449,580.31) 1,936,544.62 Housing & Community Development 329.54 - - - 329.54
Environmental Services 1,650,157.15 - 246,075.15 (27,385.52) 1,868,846.78 Supplemental Law Enforcement 31,078.97 - - (1,650.87) 29,428.10 State & Other Grants (473,956.32) - 168,272.14 (193,438.51) (499,122.69) TDA Grant 301,774.01 - - - 301,774.01
Federal Grants 649,902.91 - 16,112.36 - 666,015.27
Housing Assistance 8,946,954.19 - 20,230.00 (152,048.73) 8,815,135.46 Community Restitution Fund 258,972.31 - 6,465.00 - 265,437.31 Community Facilities District #1 (30,284.81) - 58,412.50 (37,084.00) (8,956.31) Community Facilities District #2 162,497.17 (300.00) 20,364.52 (39,256.15) 143,305.54 Parkland Dedication 8,571,761.51 - 9,129.00 - 8,580,890.51 Recreation - Private Grants 6,804.38 - - 6,804.38
Adult Center 18,849.43 - - - 18,849.43
Special Revenue Fund Total 27,939,285.54 (300.00) 2,194,365.59 (1,169,351.85) 28,963,999.28 Debt Service
Measure O 830,492.02 - 1,184,486.83 - 2,014,978.85
LID #30 36,531.14 - - - 36,531.14
2016 Refunding Lease Revenue Bond (131,193.45) - 191,600.00 - 60,406.55 Debt Service Fund Total 735,829.71 - 1,376,086.83 - 2,111,916.54 Internal Service Fund
Motor Vehicle Pool 978,025.20 - 93,151.85 (190,655.93) 880,521.12 Information Technology Pool (927,441.63) - 237,082.65 (159,356.58) (849,715.56) Worker's Compensation 1,686,702.44 - 50,879.75 (79,394.64) 1,658,187.55 Internal Service Fund Total 1,737,286.01 - 381,114.25 (429,407.15) 1,688,993.11 Trust/Agency
Successor Agency 4,161,180.87 - 959,010.00 - 5,120,190.87 West Valley Solid Waste JPA 1,218,606.44 - 82,268.83 (146,035.57) 1,154,839.70 SCC Specialized Enforcement Team - - - - -
Trust/Agency Fund Total 5,379,787.31 - 1,041,278.83 (146,035.57) 6,275,030.57 Capital Project
Capital Projects Fund (1,867,405.70) - - (949,695.93) (2,817,101.63) Measure O CIP Fund 3,125,811.38 - 53,819.28 (681,903.06) 2,497,727.60 Capital Project Fund Total 1,258,405.68 - 53,819.28 (1,631,598.99) (319,374.03) Total City $ 67,571,380.44 (12,572.71) $ 13,889,154.95 $ (10,765,944.61) $ 70,682,018.07 Fund Description
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City Council Report
DATE: August 3, 2026
TITLE: Monthly Investment Transactions Report- June 2026 RECOMMENDED ACTION:
That the City Council review and accept the Monthly Investment Transactions Report for June 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 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 $1.9 million excess cash into the City’s primary Local Agency Investment Fund (LAIF) account and withdrew $826,000 from the Measure O 2022 LAIF bond account to cover project expenditures. The monthly LAIF rate remained flat at 3.816%.
Within the City’s California Asset Management Program (CAMP) pooled account, staff deposited $3.8 million and withdrew $1.4 million to manage operating expenses, while $48,000 in monthly dividends were posted. In the Measure K escrow account, $616,000— representing the June’s Measure K sales tax remittance from the California Department of Tax and Fee Administration (CDTFA)—was deposited, along with $21,000 in dividends earnings. The CAMP yield remained steady at 3.78%.
Within the City’s BNY Mellon custodial account managed by Chandler Asset Management, purchases totaled $910,000, while two US Treasure bonds totaling $725,000 were sold. The portfolio earned $92,000 net in interest, dividends, realized loss & other transfers for the month, and the average market Yield to Maturity (YTM) was
4.33%.
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Chandler’s strategy remains focused on diversification and taking advantage and locking in favorable long‑term rates by purchasing new, high‑yielding bonds with longer maturities, while selling shorter‑term holdings that are set to mature sooner, ahead of potential rate declines. 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
ALTERNATIVES
PREPARED BY: John Formale, Accountant
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Report Approval Details
Document Title: Report Monthly Investment Transactions Report- June 2026.docx
Attachments: Monthly Investment tranx rpt- Jun'26.pdf
Chandler BNY Investment Statement- 6.30.26.pdf
Final Approval
Date:
July 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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CITY OF CAMPBELL
Monthly Investment Transactions Report
June 1 to June 30, 2026
Account Trans. Date June26
LAIF - ******133, Main account
Average Monthly Yield 3.816%
Beginning Balance $ 15,536,685
Transactions
Deposit 6/26/2026 1,900,000
Net change 1,900,000
Ending Balance $ 17,436,685
Account Trans. Date June26
LAIF - ******032, MEAS O, Series 2022
Average Monthly Yield 3.816%
Beginning Balance $ 3,998,524
Transactions
Withdrawal- May project expenditures 6/26/2026 (826,000) Net change (826,000)
Ending Balance $ 3,172,524
Account Trans. Date June26
CAMP - ******001, Regular
Average Monthly Yield 3.78%
Beginning Balance $ 16,067,776
Transactions
Withdrawal 6/3/2026 (300,000)
Withdrawal 6/10/2026 (400,000)
Withdrawal 6/17/2026 (700,000)
Deposit 6/25/2026 2,100,000
Deposit 6/30/2026 1,700,000
June Dividends 6/30/2026 48,490
Net change 2,448,490
Ending Balance $ 18,516,267
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CITY OF CAMPBELL
Monthly Investment Transactions Report
June 1 to June 30, 2026
Account Trans. Date June26
CAMP - ******002, Meas K Sales Tax escrow
Average Monthly Yield 3.78%
Beginning Balance $ 6,812,786
Transactions
Deposit 6/29/2025 616,455
June Dividends 6/30/2026 21,225
Net change 637,680
Ending Balance $ 7,450,466
Account Trans. Date
Bank of New York (BNY) - ******818
Average Monthly Yield/Market YTM 4.33%
Note: Purchases listed at par value, see Chandler Monthly Statement for add'l detail Beginning Balance 21,304,242
Transactions
Purchase - Agency; FHMS - 4.450.%, 3.75yrs 6/23/2026 250,000 Purchase - Agency; FHMS - 4.450%, 3.75 yrs 6/8/2026 250,000 Purchase - ABS; HART (Hyundai Auto Receiv Trust) 26B A30- 4.440%, 2.2 yrs 6/17/2026 120,000 Purchase - Corporate; Mastercard- 4.630%, 5 yrs 6/8/2026 180,000 Purchase - Corporate; NVIDIA- 4.458%, 5 yrs 6/18/2026 110,000 Sale- US Treasury 3.740%, 10/15/2026 6/4/2026 (375,000) Sale- US Treasury 4.000% 3/15/2027 6/18/2026 (350,000)
Interest 6/30/2026 91,819
Dividends 6/30/2026 1,097
Realized loss 6/30/2026 (6,935)
Other- Principle paydown, purchased/sold interest 6/30/2026 5,930 MM transfers (185,000)
Net change 91,910
Ending Balance- 6/30/26 21,396,152
Total of all Investments
Beginning $ 63,720,014
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MONTHLY ACCOUNT STATEMENT
City of Campbell | Account #11214 | As of June 30, 2026 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.
Chandler Team:
For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:
Bank of New York Mellon
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CONFIDENTIAL | 2
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality*
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (03/01/25)
City of Campbell 0.08% 0.38% 0.66% 3.11% -- -- -- -- 3.89% Benchmark Return 0.06% 0.24% 0.43% 2.71% -- -- -- -- 3.47% Average Modified Duration 2.57
Average Coupon 3.94%
Average Purchase YTM 4.19%
Average Market YTM 4.33%
Average Credit Quality* AA+
Average Final Maturity 3.05
Average Life 2.83
End Values as of
05/31/2026
End Values as of
06/30/2026
Market Value 21,309,286.42 21,336,659.25
Accrued Interest 176,085.68 166,065.91
Total Market Value 21,485,372.10 21,502,725.16
Income Earned 55,967.02 92,253.09
Cont/WD 0.00 0.00
Par 21,491,751.57 21,630,382.00
Book Value 21,347,011.70 21,431,077.59
Cost Value 21,322,754.83 21,396,203.33
United States 43.88%
Federal Home Loan Mortgage Corp 12.83%
Federal Home Loan Banks 2.33%
International Bank for Recon and Dev 2.21%
Toyota Motor Corporation 1.86%
American Express Credit Master Trust 1.74%
Bank of America Corporation 1.30%
JPMorgan Chase & Co. 1.25%
**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.
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CONFIDENTIAL | 3
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
AGENCY MORTGAGE SECURITIES
Max % (MV; Agencies & Agency CMOs) 75.0 2.3 Compliant
Max % Issuer (MV; Agencies & Agency CMOs) 30.0 12.8 Compliant Max Maturity (Years) 5.0 4.3 Compliant
BANKERS' ACCEPTANCES
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180.0 0.0 Compliant
CERTIFICATE OF DEPOSIT PLACEMENT SERVICE (CDARS)
Max % (MV) 30.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV; FDIC & Collateralized CD/TD) 20.0 0.0 Compliant Max Issuer Amount (MV) 1.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
COMMERCIAL PAPER
Max % (MV) 25.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270.0 0.0 Compliant
Min Rating(A-1 by 1 or A issuer by 1) 0.0 0.0 Compliant
CORPORATE MEDUIM TERM NOTES
Max % (MV) 30.0 27.3 Compliant
Max % Issuer (MV) 5.0 1.9 Compliant
Max Maturity (Years) 5.0 5.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant
FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE CD/
TD)
Max % (MV; FDIC & Collateralized CD/TD) 20.0 0.0 Compliant Max Maturity (Years) 5.0 0.0 Compliant
FEDERAL AGENCIES
Max % (MV; Agencies & Agency CMOs) 75.0 2.3 Compliant
Max % Issuer (MV; Agencies & Agency CMOs) 30.0 12.8 Compliant Max Callables (MV) 20.0 0.0 Compliant
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CONFIDENTIAL | 4
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max Maturity (Years) 5.0 1.2 Compliant
JOINT POWERS AUTHORITY
Min Rating (AAA by 1) 0.0 0.0 Compliant
LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 0.0 Compliant
MONEY MARKET MUTUAL FUNDS
Max % (MV; Money Market Fund & Mutual Fund) 20.0 0.5 Compliant Max % Issuer (MV) 20.0 0.5 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant
MUNICIPAL SECURITIES
Max % (MV) 30.0 1.0 Compliant
Max % Issuer (MV) 5.0 1.0 Compliant
Max Maturity (Years) 5.0 3.1 Compliant
Min Rating (A by 1 or A-1 by S&P) 0.0 0.0 Compliant
MUTUAL FUNDS
Max % (MV; Money Market Fund & Mutual Fund) 20.0 0.5 Compliant Max % Issuer (MV) 10.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant
NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant
NON- AGENCY ASSET-BACKED SECURITIES (ABS)
Max % (MV; ABS, CMO & MBS) 20.0 10.0 Compliant
Max % Issuer (MV) 20.0 1.7 Compliant
Max Maturity (Years) 5.0 4.6 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
NON-AGENCY MORTGAGE-BACKED SECURITIES, CMOS
Max % (MV; ABS, CMO & MBS) 20.0 10.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
REPURCHASE AGREEMENTS
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Monday, August 03, 2026 40 of 776
CONFIDENTIAL | 5
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max % (MV) 10.0 0.0 Compliant
Max Maturity (Years) 1.0 0.0 Compliant
Min Rating (A by 1 or A-1 by 1) 0.0 0.0 Compliant
SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 2.2 Compliant
Max % Issuer (MV) 10.0 1.9 Compliant
Max Maturity (Years) 5.0 3.7 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
US TREASURIES
Max % (MV) 100.0 43.9 Compliant
Max Maturity (Years) 5.0 4.5 Compliant
Item 7.5
Monday, August 03, 2026 41 of 776
CONFIDENTIAL | 6
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Book Value 21,347,011.70 20,540,867.11
Maturities/Calls 0.00 (3,600,000.00)
Principal Paydowns (41,213.04) (321,262.74)
Purchases 1,611,613.71 13,687,191.14
Sales (1,471,555.73) (8,916,055.00)
Change in Cash, Payables, Receivables (18,461.86) 131.89 Amortization/Accretion 3,427.93 30,506.38
Realized Gain (Loss) 254.88 9,698.81
Ending Book Value 21,431,077.59 21,431,077.59
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 21,309,286.42 20,681,866.80
Maturities/Calls 0.00 (3,600,000.00)
Principal Paydowns (41,213.04) (321,262.74)
Purchases 1,611,613.71 13,687,191.14
Sales (1,471,555.73) (8,916,055.00)
Change in Cash, Payables, Receivables (18,461.86) 131.89 Amortization/Accretion 3,427.93 30,506.38
Change in Net Unrealized Gain (Loss) (56,693.06) (235,418.03) Realized Gain (Loss) 254.88 9,698.81
Ending Market Value 21,336,659.25 21,336,659.25
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date (3,600,000.00)
Principal Paydowns
Month to Date (41,213.04)
Fiscal Year to Date (321,262.74)
Purchases
Month to Date 1,611,613.71
Fiscal Year to Date 13,687,191.14
Sales
Month to Date (1,471,555.73)
Fiscal Year to Date (8,916,055.00)
Interest Received
Month to Date 92,915.21
Fiscal Year to Date 854,994.30
Purchased / Sold Interest
Month to Date 5,929.73
Fiscal Year to Date (5,120.90)
Item 7.5
Monday, August 03, 2026 42 of 776
CONFIDENTIAL | 7
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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 15,125.80 11/14/20244.63%
15,131.70
15,126.69
100.08
3.97%
15,138.26
31.13 0.07%
11.57 NA/AAA
AAA
1.21 0.12
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 95,000.00 05/20/20254.84%
94,998.42
94,999.00
100.23
4.29%
95,215.75
132.95
0.45%
216.75
NA/AAA
AAA
1.90 0.68
379965AD8 GMALT 2025-3 A3 4.17
08/21/2028 90,000.00 08/05/20254.18%
89,986.32
89,990.31
99.89 4.33%
89,896.68
114.68
0.42%
(93.63)
NA/AAA
AAA
2.14 0.94
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 132,532.42 02/20/2025
4.63%
133,329.69
132,939.13
100.37
4.44%
133,026.37
292.16
0.62%
87.24 Aaa/NA
AAA
2.38 0.65
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 248,342.43 --4.69%
250,922.87
249,733.23
100.51
4.33%
249,599.54
214.40
1.17%
(133.69)
Aaa/AAA
NA
2.66 0.56
36275AAD1 GMALT 2026-2 A3 4.3
03/20/2029 70,000.00 05/05/20264.40%
69,992.43
69,992.78
99.86 4.43%
69,898.92
75.25 0.33%
(93.86)
NA/AAA
AAA
2.72 1.57
89239TAD4 TAOT 2024-D A3 4.4 06/15/2029 57,127.36 10/10/2024
4.51%
57,124.17
57,125.34
100.05
4.37%
57,158.15
111.72
0.27%
32.82 Aaa/AAA
NA
2.96 0.72
02589BAE0 AMXCA 2024-3 A 4.65
07/15/2027 200,000.00 02/20/20254.57%
200,546.88
200,237.15
100.45
4.24%
200,908.20
413.33
0.94%
671.05
NA/AAA
AAA
1.04 0.99
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029 120,000.00 11/19/20244.66%
119,996.15
119,997.46
100.30
4.32%
120,361.44
245.87
0.56%
363.98
Aaa/NA
AAA
3.13 0.90
38014AAD3 GMCAR 2024-4 A3 4.4
08/16/2029 55,565.55 10/08/20244.32%
55,554.84
55,558.62
100.08
4.31%
55,612.61
101.87
0.26%
53.99 Aaa/AAA
NA
3.13 0.62
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 100,000.00 03/04/2025
5.09%
99,993.71
99,995.53
99.88 4.35%
99,876.10
188.00
0.47%
(119.43)
Aaa/NA
AAA
3.22 1.47
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 110,000.00 10/17/20244.29%
109,983.65
109,989.18
100.06
4.28%
110,066.22
209.73
0.52%
77.04 Aaa/AAA
NA
3.29 1.23
89231HAD8 TAOT 2025-B A3 4.34
11/15/2029 65,000.00 04/24/20254.82%
64,996.28
64,997.24
100.04
4.35%
65,023.40
125.38
0.30%
26.16 NA/AAA
AAA
3.38 1.20
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029 80,000.00 01/09/20255.03%
79,994.06
79,995.82
100.26
4.32%
80,206.08
154.00
0.38%
210.26
Aaa/NA
AAA
3.47 0.73
58773DAD6 MBART 2025-1 A3 4.78
12/17/2029 115,000.00 01/14/20254.84%
114,975.54
114,982.70
100.44
4.32%
115,503.93
244.31
0.54%
521.23
Aaa/NA
AAA
3.47 0.86
44935XAD7 HART 2025-B A3 4.36
12/17/2029 80,000.00 06/03/20254.36%
79,992.78
79,994.46
100.03
4.37%
80,024.56
155.02
0.38%
30.10 NA/AAA
AAA
3.47 1.20
58770YAD3 MBALT 2026-A A3 3.93
01/15/2030 60,000.00 01/13/20263.97%
59,988.10
59,989.42
99.21 4.40%
59,527.98
104.80
0.28%
(461.44)
Aaa/NA
AAA
3.54 1.78
Item 7.5
Monday, August 03, 2026 43 of 776
CONFIDENTIAL | 8
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030 170,000.00 05/06/20254.28%
169,996.92
169,997.63
99.90 4.38%
169,828.64
323.38
0.80%
(168.99)
NA/AAA
AAA
3.79 1.69
43814YAD3 HAROT 2026-2 A3 4.3
11/15/2030 160,000.00 05/05/20263.02%
159,995.38
159,995.52
99.74 4.46%
159,590.88
305.78
0.75%
(404.64)
Aaa/AAA
NA
4.38 2.14
44935KAD5 HART 26B A3 4.81 02/18/2031 120,000.00 06/09/2026
4.86%
119,985.52
119,985.64
100.24
4.44%
120,288.48
224.47
0.56%
302.84
NA/AAA
AAA
4.64 2.20
Total ABS 2,143,693.55 4.48%
2,147,485.41
2,145,622.83
100.14
4.35%
2,146,752.19
3,768.21
10.06%
1,129.35
3.01 1.16
AGENCY
3130B7QM9 FEDERAL HOME LOAN BANKS 3.5
09/09/2027 500,000.00 09/23/20253.63%
498,795.00
499,266.89
99.27 4.13%
496,338.50
5,444.44
2.33%
(2,928.39)
Aa1/AA+
AA+
1.19 1.14
Total Agency 500,000.00 3.63%
498,795.00
499,266.89
99.27 4.13%
496,338.50
5,444.44
2.33%
(2,928.39)
1.19 1.14
AGENCY CMBS
3137FJEH8 FHMS K-081 A2 3.9 08/25/2028 250,000.00 11/21/2024
4.53%
244,335.94
246,788.68
98.79 4.41%
246,968.00
812.50
1.16%
179.32
Aa1/AA+
AAA
2.15 1.99
3137FJKE8 FHMS K-082 A2 3.92 09/25/2028 250,000.00 06/10/2025
4.27%
246,992.19
247,971.77
98.81 4.41%
247,029.00
816.67
1.16%
(942.77)
Aa1/AA+
AAA
2.24 2.02
3137FKSH0 FHMS K-086 A2 3.859
11/25/2028 150,000.00 09/18/20243.82%
150,005.86
150,003.34
98.57 4.43%
147,858.60
482.38
0.69%
(2,144.74)
Aaa/AA+
AA+
2.41 2.20
3137FLN91 FHMS K-091 A2 3.505
03/25/2029 300,000.00 11/14/20244.62%
287,074.22
291,945.16
97.59 4.43%
292,779.00
876.25
1.37%
833.84
Aa1/AAA
AA+
2.73 2.45
3137FMCR1 FHMS K-093 A2 2.982
05/25/2029 146,836.27 10/16/20244.15%
139,907.44
142,497.89
96.24 4.43%
141,313.61
364.89
0.66%
(1,184.28)
Aa1/AA+
AAA
2.90 2.54
3137FNAE0 FHMS K-095 A2 2.785
06/25/2029 250,000.00 03/13/20254.39%
234,707.03
239,386.52
95.51 4.43%
238,767.75
580.21
1.12%
(618.77)
Aa1/AA+
AAA
2.99 2.70
3137FPHK4 FHMS K-098 A2 2.425
08/25/2029 300,000.00 10/17/20244.26%
276,445.31
284,778.59
94.24 4.43%
282,714.90
606.25
1.33%
(2,063.69)
Aa1/AA+
AAA
3.15 2.88
3137FRUJ8 FHMS K-105 A2 1.872
01/25/2030 275,000.00 03/17/20254.43%
244,868.16
252,935.49
91.68 4.44%
252,131.00
429.00
1.18%
(804.49)
Aa1/AA+
AAA
3.57 3.32
3137FWG79 FHMS K-115 A2 1.383
06/25/2030 250,000.00 06/17/20264.39%
222,822.27
222,973.36
88.98 4.45%
222,452.50
288.13
1.04%
(520.86)
Aa1/AA+
AAA
3.99 3.75
3137FX3Q9 FHMS K-117 A2 1.406
08/25/2030 250,000.00 06/03/20264.46%
221,455.08
221,888.44
88.69 4.46%
221,732.25
292.92
1.04%
(156.19)
Aa1/AA+
AAA
4.15 3.88
Item 7.5
Monday, August 03, 2026 44 of 776
CONFIDENTIAL | 9
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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
3137F62M8 FHMS K-118 A2 1.493
09/25/2030 250,000.00 01/29/20264.03%
223,632.81
226,025.53
88.83 4.46%
222,068.25
311.04
1.04%
(3,957.28)
Aa1/AA+
AAA
4.24 3.94
3137F83Q4 FHMS K-121 A2 1.547
10/25/2030 250,000.00 01/08/20264.00%
223,603.52
226,194.12
88.68 4.46%
221,701.50
322.29
1.04%
(4,492.62)
Aa1/AA+
AAA
4.32 4.06
Total Agency CMBS 2,921,836.27 4.31%
2,715,849.83
2,753,388.90
93.87 4.44%
2,737,516.36
6,182.51
12.83%
(15,872.54)
3.24 2.98
CASH
CCYUSD Receivable 509.68 -- 509.68
509.68
1.00 509.68
0.00 0.00%
0.00 Aaa/AAA
AAA
0.00 0.00
Total Cash 509.68
509.68
509.68
1.00 509.68
0.00 0.00%
0.00 0.00
0.00 CORPORATE
857477CP6 STATE STREET CORP 4.33
10/22/2027 175,000.00 11/07/20244.54%
173,976.25
174,546.06
100.02
4.31%
175,043.40
1,452.35
0.82%
497.34
Aa3/A
AA1.311.25
17275RBW1 CISCO SYSTEMS INC 4.55
02/24/2028 250,000.00 03/11/20254.32%
251,557.50
250,850.09
100.37
4.31%
250,916.25
4,012.85
1.18%
66.16 A1/AANA1.65
1.47 00287YDY2 ABBVIE INC 4.65 03/15/2028 125,000.00 02/18/2025
4.70%
124,833.75
124,906.94
100.43
4.38%
125,537.63
1,711.46
0.59%
630.68
A2/ANA1.71
1.53 79466LAQ7 SALESFORCE INC 4.5 03/15/2028 140,000.00 03/12/2026
4.37%
140,339.50
140,286.45
99.87 4.57%
139,823.32
1,890.00
0.66%
(463.13)
A2/A+
NA
1.71 1.60
06406RBG1 BANK OF NEW YORK MELLON
CORP 3.992 06/13/2028 225,000.00 09/05/20244.31%
223,128.00
224,356.85
99.61 4.61%
224,118.00
449.10
1.05%
(238.85)
Aa3/A
AA1.960.92
46647PDG8 JPMORGAN CHASE & CO 4.851
07/25/2028 150,000.00 08/12/20244.62%
150,933.00
150,337.30
100.29
5.07%
150,435.60
3,153.15
0.71%
98.30 A1/A
AA2.071.01
46647PEU6 JPMORGAN CHASE & CO 4.915
01/24/2029 115,000.00 01/16/20254.92%
115,000.00
115,000.00
100.49
4.53%
115,557.98
2,465.01
0.54%
557.98
A1/A
AA2.571.46
91159HJK7 US BANCORP 4.653 02/01/2029 200,000.00 09/05/2024
4.47%
201,116.00
200,520.74
100.07
4.71%
200,140.00
3,877.50
0.94%
(380.74)
A3/A
A+
2.59 1.48
756109CW2 REALTY INCOME CORP 3.95
02/01/2029 250,000.00 01/07/20264.01%
249,577.50
249,643.14
98.51 4.57%
246,277.50
4,114.58
1.15%
(3,365.64)
A3/ANA2.59
2.39 24422EXT1 JOHN DEERE CAPITAL CORP 4.85
06/11/2029 225,000.00 08/12/20244.40%
229,338.00
227,647.58
101.25
4.39%
227,817.68
606.25
1.07%
170.09
A1/A
A+
2.95 2.71
025816EJ4 AMERICAN EXPRESS CO 4.351
07/20/2029 170,000.00 07/21/20254.35%
170,000.00
170,000.00
99.49 4.56%
169,130.62
3,307.97
0.79%
(869.38)
A2/AA3.05
1.90 Item 7.5
Monday, August 03, 2026 45 of 776
CONFIDENTIAL | 10
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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
89236TMK8 TOYOTA MOTOR CREDIT CORP
4.55 08/09/2029 225,000.00 08/12/20244.49%
225,567.00
225,353.21
99.96 4.56%
224,912.93
4,038.13
1.05%
(440.28)
A1/A+
A+
3.11 2.82
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 235,000.00 08/12/2024
4.22%
234,769.70
234,856.22
99.48 4.38%
233,770.72
3,756.08
1.10%
(1,085.51)
Aa3/AANA3.12
2.85 26442CAY0 DUKE ENERGY CAROLINAS LLC
2.45 08/15/2029 250,000.00 12/18/20244.72%
226,517.50
234,239.10
93.99 4.54%
234,969.75
2,313.89
1.10%
730.65
Aa3/A
NA
3.13 2.93
61748UAK8 MORGAN STANLEY 4.133
10/18/2029 155,000.00 10/17/20254.25%
155,019.50
155,015.00
98.64 4.70%
152,884.25
1,299.02
0.72%
(2,130.75)
A1/AA+3.30
2.15 38141GD27 GOLDMAN SACHS GROUP INC
4.153 10/21/2029 105,000.00 10/14/20254.37%
105,000.00
105,000.00
98.59 4.72%
103,519.50
847.90
0.49%
(1,480.50)
A2/BBB+
A
3.31 2.15
14913UAU4 CATERPILLAR FINANCIAL
SERVICES CORP 4.7 11/15/2029 250,000.00 11/12/20244.74% 249,592.50
249,724.84
100.77
4.45%
251,930.50
1,501.39
1.18%
2,205.66
A1/A
A+
3.38 3.07
89236TNA9 TOYOTA MOTOR CREDIT CORP
4.95 01/09/2030 170,000.00 01/06/20255.00%
169,636.20
169,743.39
101.15
4.59%
171,951.26
4,020.50
0.81%
2,207.87
A1/A+
A+
3.53 3.13
63743HFX5
NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP
4.95 02/07/2030
250,000.00 02/20/2025
4.90%
250,550.00
250,397.14
101.05
4.63%
252,634.50
4,950.00
1.18%
2,237.36
A2/NA
A
3.61 3.14
571748CA8
MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030
250,000.00 03/24/2025
4.67%
249,755.00
249,817.46
99.90 4.68%
249,747.25
3,422.92
1.17%
(70.21)
A3/AA3.71
3.32 931142FN8 WALMART INC 4.35 04/28/2030 185,000.00 04/23/2025
4.39%
184,679.95
184,755.14
100.19
4.29%
185,355.94
1,408.31
0.87%
600.80
Aa2/AA
AA
3.83 3.40
69371RT71 PACCAR FINANCIAL CORP 4.55
05/08/2030 230,000.00 05/05/20254.59%
229,643.50
229,725.30
100.63
4.37%
231,458.66
1,540.68
1.08%
1,733.36
A1/A+
NA
3.85 3.48
30303MAB8 META PLATFORMS INC 4.2
11/15/2030 250,000.00 11/13/20254.16%
250,482.50
250,421.68
98.43 4.60%
246,078.25
1,341.67
1.15%
(4,343.43)
Aa3/AANA4.38
3.93 74340XCQ2 PROLOGIS LP 4.75 01/15/2031 250,000.00 01/14/2026
4.22%
255,812.50
255,271.73
100.51
4.62%
251,286.50
5,475.69
1.18%
(3,985.23)
A2/A
NA
4.54 3.89
92826CAZ5 VISA INC 4.1 02/12/2031 140,000.00 02/03/2026
4.13%
139,812.40
139,826.68
98.91 4.36%
138,474.98
2,216.28
0.65%
(1,351.70)
Aa3/AANA4.62
4.09 02079KBK2 ALPHABET INC 4.1 02/15/2031 200,000.00 02/12/2026
4.10%
200,011.33
200,010.43
98.26 4.52%
196,516.00
3,143.33
0.92%
(3,494.43)
Aa2/AA+
NA
4.63 4.10
06051GJB6 BANK OF AMERICA CORP 2.592
04/29/2031 300,000.00 05/20/20265.02%
275,859.00
276,407.66
92.28 5.02%
276,825.30
1,339.20
1.30%
417.64
A1/AAA4.83
3.56 58933YCK9 MERCK & CO INC 4.65
05/22/2031 85,000.00 05/18/20264.66%
84,947.30
84,948.45
100.16
4.61%
85,138.98
428.19
0.40%
190.52
Aa3/A+
NA
4.89 4.31
Item 7.5
Monday, August 03, 2026 46 of 776
CONFIDENTIAL | 11
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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
57636QBL7 MASTERCARD INC 4.6
06/08/2031 180,000.00 06/04/20264.62%
179,856.00
179,857.81
99.85 4.63%
179,723.34
529.00
0.84%
(134.47)
Aa3/A+
NA
4.94 4.36
67066GAR5 NVIDIA CORP 4.5 06/15/2031 110,000.00 06/15/2026
4.54%
109,791.00
109,792.49
99.65 4.58%
109,610.60
178.75
0.51%
(181.89)
Aa1/AA
NA
4.96 4.39
Total Corporate 5,845,000.00 4.49%
5,807,102.38
5,813,258.88
99.30 4.56%
5,801,587.17
70,791.16
27.19%
(11,671.72)
3.34 2.79
MONEY MARKET
FUND
X9USDDGCM BNY DREYFUS GVT CM INST 114,342.50 --
3.55%
114,342.50
114,342.50
1.00 3.55%
114,342.50
0.00 0.54%
0.00 Aaa/
AAAm
NA
0.00 0.00
Total Money
Market Fund 114,342.50 3.55%
114,342.50
114,342.50
1.00 3.55%
114,342.50
0.00 0.54%
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
205,703.79
100.46
4.34%
205,941.36
3,843.75
0.97%
237.57
Aa2/AAAA3.09
2.80 Total Municipal
Bonds 205,000.00 4.38%
206,080.35
205,703.79
100.46
4.34%
205,941.36
3,843.75
0.97%
237.57
3.09 2.80
SUPRANATIONAL
459058LN1
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
350,000.00 12/13/2024
4.29%
343,689.50
345,698.85
99.00 4.20%
346,511.55
2,824.50
1.62%
812.70
Aaa/AAA
NA
3.30 3.03
459058LR2
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
125,000.00 03/14/2025
4.20%
124,553.75
124,668.12
99.70 4.21%
124,623.50
1,446.61
0.58%
(44.62)
Aaa/AAA
NA
3.72 3.38
Total
Supranational 475,000.00 4.27%
468,243.25
470,366.97
99.19 4.20%
471,135.05
4,271.11
2.21%
768.08
3.41 3.12
US TREASURY
91282CKV2 UNITED STATES TREASURY 4.625
06/15/2027 300,000.00 05/28/20263.90%
302,214.84
302,023.51
100.48
4.10%
301,443.90
606.56
1.41%
(579.61)
Aa1/AA+
AA+
0.96 0.93
Item 7.5
Monday, August 03, 2026 47 of 776
CONFIDENTIAL | 12
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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
91282CKZ3 UNITED STATES TREASURY 4.375
07/15/2027 375,000.00 08/08/20243.91%
379,804.69
376,701.85
100.25
4.13%
375,937.13
7,568.63
1.76%
(764.72)
Aa1/AA+
AA+
1.04 0.99
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 350,000.00 10/31/20244.17%
349,521.48
349,794.73
99.97 4.14%
349,904.45
3,629.10
1.64%
109.72
Aa1/AA+
AA+
1.25 1.19
91282CPS4 UNITED STATES TREASURY 3.375
12/31/2027 300,000.00 05/28/20264.01%
297,105.47
297,269.88
98.86 4.17%
296,566.50
27.51 1.39%
(703.38)
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
375,726.76
99.73 4.16%
374,004.00
5,013.59
1.75%
(1,722.76)
Aa1/AA+
AA+
1.67 1.57
91282CHK0 UNITED STATES TREASURY 4.0
06/30/2028 350,000.00 08/20/20243.76%
353,007.81
351,558.34
99.69 4.16%
348,919.90
38.04 1.64%
(2,638.44)
Aa1/AA+
AA+
2.00 1.90
91282CNU1 UNITED STATES TREASURY 3.625
08/15/2028 250,000.00 01/29/20263.60%
250,156.25
250,130.66
98.91 4.17%
247,265.75
3,404.70
1.16%
(2,864.91)
Aa1/AA+
AA+
2.13 1.99
91282CJF9 UNITED STATES TREASURY 4.875
10/31/2028 375,000.00 08/08/20243.85%
389,765.63
383,157.44
101.54
4.17%
380,771.63
3,079.99
1.78%
(2,385.81)
Aa1/AA+
AA+
2.34 2.17
91282CPP0 UNITED STATES TREASURY 3.5
12/15/2028 250,000.00 01/29/20263.62%
249,169.92
249,290.08
98.45 4.17%
246,132.75
382.51
1.15%
(3,157.33)
Aa1/AA+
AA+
2.46 2.32
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 375,000.00 11/26/20244.21%
375,585.94
375,366.87
100.21
4.17%
375,776.25
5,326.94
1.76%
409.38
Aa1/AA+
AA+
2.67 2.46
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 350,000.00 11/18/20244.31%
347,498.05
348,423.13
99.88 4.17%
349,589.80
3,629.10
1.64%
1,166.67
Aa1/AA+
AA+
2.75 2.55
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 375,000.00 08/08/20243.84%
387,583.01
382,542.51
101.20
4.17%
379,482.38
2,922.04
1.78%
(3,060.14)
Aa1/AA+
AA+
2.83 2.61
91282CEV9 UNITED STATES TREASURY 3.25
06/30/2029 350,000.00 11/18/20244.31%
334,591.80
339,981.01
97.43 4.17%
341,017.60
30.91 1.60%
1,036.59
Aa1/AA+
AA+
3.00 2.82
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 350,000.00 08/20/20243.70%
354,634.77
352,891.27
99.52 4.17%
348,331.90
5,839.78
1.63%
(4,559.37)
Aa1/AA+
AA+
3.08 2.82
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 400,000.00 --3.60%
400,687.50
400,350.33
98.40 4.17%
393,593.60
4,846.47
1.84%
(6,756.73)
Aa1/AA+
AA+
3.17 2.92
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 400,000.00 --4.09%
389,617.18
393,076.14
97.97 4.17%
391,875.20
3,519.13
1.84%
(1,200.94)
Aa1/AA+
AA+
3.25 3.01
91282CLR0 UNITED STATES TREASURY 4.125
10/31/2029 400,000.00 --4.33%
396,388.68
397,543.66
99.84 4.18%
399,359.20
2,779.89
1.87%
1,815.54
Aa1/AA+
AA+
3.34 3.06
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 400,000.00 12/11/20244.09%
400,546.88
400,376.24
99.84 4.17%
399,375.20
1,397.54
1.87%
(1,001.04)
Aa1/AA+
AA+
3.42 3.14
91282CMD0 UNITED STATES TREASURY 4.375
12/31/2029 400,000.00 --4.45%
398,679.69
399,067.06
100.64
4.17%
402,578.00
47.55 1.89%
3,510.94
Aa1/AA+
AA+
3.50 3.21
Item 7.5
Monday, August 03, 2026 48 of 776
CONFIDENTIAL | 13
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030 300,000.00 04/07/20253.75%
303,375.00
302,541.46
99.36 4.18%
298,089.90
3,016.39
1.40%
(4,451.56)
Aa1/AA+
AA+
3.75 3.41
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 500,000.00 09/16/20253.57%
506,425.78
505,331.95
98.92 4.18%
494,590.00
3,264.27
2.32%
(10,741.95)
Aa1/AA+
AA+
3.83 3.50
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030 350,000.00 06/09/20254.08%
348,742.19
349,009.54
99.32 4.19%
347,634.70
1,185.79
1.63%
(1,374.84)
Aa1/AA+
AA+
3.92 3.58
91282CNK3 UNITED STATES TREASURY 3.875
06/30/2030 325,000.00 07/29/20253.95%
323,933.59
324,133.10
98.84 4.19%
321,242.35
34.22 1.51%
(2,890.75)
Aa1/AA+
AA+
4.00 3.66
91282CNN7 UNITED STATES TREASURY 3.875
07/31/2030 225,000.00 08/26/20253.77%
226,081.05
225,895.97
98.82 4.19%
222,345.68
3,636.83
1.04%
(3,550.29)
Aa1/AA+
AA+
4.08 3.68
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 500,000.00 09/16/20253.58%
500,937.50
500,788.76
97.83 4.20%
489,160.00
6,058.08
2.29%
(11,628.76)
Aa1/AA+
AA+
4.17 3.77
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030 150,000.00 12/09/20253.77%
148,154.30
148,360.62
97.20 4.20%
145,792.95
444.67
0.68%
(2,567.67)
Aa1/AA+
AA+
4.42 4.03
91282CPR6 UNITED STATES TREASURY 3.625
12/31/2030 350,000.00 01/29/20263.82%
347,033.20
347,284.29
97.64 4.21%
341,755.75
34.48 1.60%
(5,528.54)
Aa1/AA+
AA+
4.50 4.10
Total US Treasury 9,425,000.00 3.93%
9,437,794.93
9,428,617.15
99.35 4.17%
9,362,536.45
71,764.71
43.88%
(66,080.70)
2.93 2.70
Total Portfolio 21,630,382.00 4.19%
21,396,203.33
21,431,077.59
98.19 4.33%
21,336,659.25
166,065.91
100.00%
(94,418.34)
3.05 2.57
Total Market Value
+ Accrued 21,502,725.16
Item 7.5
Monday, August 03, 2026 49 of 776
CONFIDENTIAL | 14
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 06/01/2026 X9USDDGCM 17,875.00 BNY DREYFUS GVT CM INST 1.000 3.52% (17,875.00) 0.00 (17,875.00) 0.00
Purchase 06/02/2026 X9USDDGCM 1,096.54 BNY DREYFUS GVT CM INST 1.000 3.52% (1,096.54) 0.00 (1,096.54) 0.00
Purchase 06/04/2026 X9USDDGCM 378,555.88 BNY DREYFUS GVT CM INST 1.000 3.52% (378,555.88) 0.00 (378,555.88) 0.00
Purchase 06/08/2026 57636QBL7 180,000.00 MASTERCARD INC 4.6 06/08/2031 99.920 4.62% (179,856.00) 0.00 (179,856.00) 0.00 Purchase 06/08/2026 3137FX3Q9 250,000.00 FHMS K-117 A2 1.406 08/25/2030 88.582 4.46% (221,455.08) (68.35) (221,523.43) 0.00 Purchase 06/11/2026 X9USDDGCM 5,456.25 BNY DREYFUS GVT CM INST 1.000 3.51% (5,456.25) 0.00 (5,456.25) 0.00
Purchase 06/15/2026 X9USDDGCM 21,060.83 BNY DREYFUS GVT CM INST 1.000 3.55% (21,060.83) 0.00 (21,060.83) 0.00
Purchase 06/15/2026 X9USDDGCM 15,619.81 BNY DREYFUS GVT CM INST 1.000 3.55% (15,619.81) 0.00 (15,619.81) 0.00
Purchase 06/16/2026 X9USDDGCM 3,826.25 BNY DREYFUS GVT CM INST 1.000 3.55% (3,826.25) 0.00 (3,826.25) 0.00
Purchase 06/16/2026 X9USDDGCM 525.77 BNY DREYFUS GVT CM INST 1.000 3.55% (525.77) 0.00 (525.77) 0.00
Purchase 06/17/2026 44935KAD5 120,000.00 HART 26B A3 4.81 02/18/2031 99.988 4.86% (119,985.52) 0.00 (119,985.52) 0.00 Purchase 06/18/2026 67066GAR5 110,000.00 NVIDIA CORP 4.5 06/15/2031 99.810 4.54% (109,791.00) 0.00 (109,791.00) 0.00 Purchase 06/18/2026 X9USDDGCM 245,019.71 BNY DREYFUS GVT CM INST 1.000 3.53% (245,019.71) 0.00 (245,019.71) 0.00
Purchase 06/22/2026 X9USDDGCM 993.05 BNY DREYFUS GVT CM INST 1.000 3.50% (993.05) 0.00 (993.05) 0.00
Purchase 06/23/2026 3137FWG79 250,000.00 FHMS K-115 A2 1.383 06/25/2030 89.129 4.39% (222,822.27) (211.29) (223,033.56) 0.00 Purchase 06/25/2026 X9USDDGCM 21,766.98 BNY DREYFUS GVT CM INST 1.000 3.54% (21,766.98) 0.00 (21,766.98) 0.00
Item 7.5
Monday, August 03, 2026 50 of 776
CONFIDENTIAL | 15
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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
Purchase 06/25/2026 X9USDDGCM 6,767.14 BNY DREYFUS GVT CM INST 1.000 3.54% (6,767.14) 0.00 (6,767.14) 0.00
Purchase 06/30/2026 X9USDDGCM 39,140.63 BNY DREYFUS GVT CM INST 1.000 3.55% (39,140.63) 0.00 (39,140.63) 0.00
Total Purchase 1,667,703.84 (1,611,613.71) (279.64) (1,611,893.35) 0.00 TOTAL
ACQUISITIONS 1,667,703.84 (1,611,613.71) (279.64) (1,611,893.35) 0.00
DISPOSITIONS
Sale 06/04/2026 91282CJC6 (375,000.00)
UNITED STATES
TREASURY 4.625
10/15/2026
100.316 3.90% 376,186.52 (2,369.36) 378,555.88 242.53
Sale 06/08/2026 X9USDDGCM (378,555.88) BNY DREYFUS GVT CM INST 1.000 3.51% 378,555.88 0.00 378,555.88 0.00
Sale 06/08/2026 X9USDDGCM (22,823.55) BNY DREYFUS GVT CM INST 1.000 3.51% 22,823.55 0.00 22,823.55 0.00
Sale 06/17/2026 X9USDDGCM (100,539.46) BNY DREYFUS GVT CM INST 1.000 3.53% 100,539.46 0.00 100,539.46 0.00
Sale 06/17/2026 X9USDDGCM (19,446.06) BNY DREYFUS GVT CM INST 1.000 3.53% 19,446.06 0.00 19,446.06 0.00
Sale 06/18/2026 91282CKE0 (350,000.00)
UNITED STATES
TREASURY 4.25
03/15/2027
100.277 3.86% 350,970.70 (3,840.01) 354,810.71 12.35
Sale 06/23/2026 X9USDDGCM (223,033.56) BNY DREYFUS GVT CM INST 1.000 3.51% 223,033.56 0.00 223,033.56 0.00
Total Sale (1,469,398.51) 1,471,555.73 (6,209.37) 1,477,765.10 254.88 TOTAL
DISPOSITIONS (1,469,398.51) 1,471,555.73 (6,209.37) 1,477,765.10 254.88 OTHER
TRANSACTIONS
Coupon 06/01/2026 3137FLN91 0.00 FHMS K-091 A2 3.505
03/25/2029 4.62% 876.25 0.00 876.25 0.00
Item 7.5
Monday, August 03, 2026 51 of 776
CONFIDENTIAL | 16
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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 06/01/2026 3137FJEH8 0.00 FHMS K-081 A2 3.9
08/25/2028 4.53% 812.50 0.00 812.50 0.00
Coupon 06/01/2026 3137FRUJ8 0.00 FHMS K-105 A2 1.872
01/25/2030 4.43% 429.00 0.00 429.00 0.00
Coupon 06/01/2026 3137FNAE0 0.00 FHMS K-095 A2 2.785
06/25/2029 4.39% 580.21 0.00 580.21 0.00
Coupon 06/01/2026 3137FJKE8 0.00 FHMS K-082 A2 3.92
09/25/2028 4.27% 816.67 0.00 816.67 0.00
Coupon 06/01/2026 3137FPHK4 0.00 FHMS K-098 A2 2.425
08/25/2029 4.26% 606.25 0.00 606.25 0.00
Coupon 06/01/2026 3137FMCR1 0.00 FHMS K-093 A2 2.982
05/25/2029 4.15% 365.31 0.00 365.31 0.00
Coupon 06/01/2026 3137F62M8 0.00 FHMS K-118 A2 1.493
09/25/2030 4.03% 311.04 0.00 311.04 0.00
Coupon 06/01/2026 3137F83Q4 0.00 FHMS K-121 A2 1.547
10/25/2030 4.00% 322.29 0.00 322.29 0.00
Coupon 06/01/2026 3137FKSH0 0.00 FHMS K-086 A2 3.859
11/25/2028 3.82% 482.37 0.00 482.37 0.00
Coupon 06/11/2026 24422EXT1 0.00 JOHN DEERE CAPITAL
CORP 4.85 06/11/2029 4.40% 5,456.25 0.00 5,456.25 0.00
Coupon 06/13/2026 06406RBG1 0.00
BANK OF NEW YORK
MELLON CORP 3.992
06/13/2028
4.31% 4,491.00 0.00 4,491.00 0.00
Coupon 06/15/2026 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 5.09% 352.50 0.00 352.50 0.00
Coupon 06/15/2026 58773DAD6 0.00 MBART 2025-1 A3 4.78
12/17/2029 4.84% 458.08 0.00 458.08 0.00
Coupon 06/15/2026 89231HAD8 0.00 TAOT 2025-B A3 4.34
11/15/2029 4.82% 235.08 0.00 235.08 0.00
Coupon 06/15/2026 34535VAD6 0.00 FORDO 2024-D A3 4.61
08/15/2029 4.66% 461.00 0.00 461.00 0.00
Coupon 06/15/2026 47800RAD5 0.00 JDOT 2024 A3 4.96
11/15/2028 4.63% 578.05 0.00 578.05 0.00
Item 7.5
Monday, August 03, 2026 52 of 776
CONFIDENTIAL | 17
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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 06/15/2026 891940AC2 0.00 TAOT 2023-A A3 4.63
09/15/2027 4.63% 79.31 0.00 79.31 0.00
Coupon 06/15/2026 02589BAE0 0.00 AMXCA 2024-3 A 4.65
07/15/2027 4.57% 775.00 0.00 775.00 0.00
Coupon 06/15/2026 89239TAD4 0.00 TAOT 2024-D A3 4.4
06/15/2029 4.51% 220.00 0.00 220.00 0.00
Coupon 06/15/2026 44935XAD7 0.00 HART 2025-B A3 4.36
12/17/2029 4.36% 290.67 0.00 290.67 0.00
Coupon 06/15/2026 92970QAE5 0.00 WFCIT 2024-2 A 4.29
10/15/2029 4.29% 393.25 0.00 393.25 0.00
Coupon 06/15/2026 02582JKP4 0.00 AMXCA 2025-2 A 4.28
04/15/2030 4.28% 606.33 0.00 606.33 0.00
Coupon 06/15/2026 58770YAD3 0.00 MBALT 2026-A A3 3.93
01/15/2030 3.97% 196.50 0.00 196.50 0.00
Coupon 06/15/2026 91282CKV2 0.00
UNITED STATES
TREASURY 4.625
06/15/2027
3.90% 6,937.50 0.00 6,937.50 0.00
Coupon 06/15/2026 91282CPP0 0.00
UNITED STATES
TREASURY 3.5
12/15/2028
3.62% 4,375.00 0.00 4,375.00 0.00
Coupon 06/15/2026 43814YAD3 0.00 HAROT 2026-2 A3 4.3
11/15/2030 3.02% 611.56 0.00 611.56 0.00
Coupon 06/16/2026 362955AD8 0.00 GMCAR 2025-1 A3 4.62
12/17/2029 5.03% 308.00 0.00 308.00 0.00
Coupon 06/16/2026 38014AAD3 0.00 GMCAR 2024-4 A3 4.4
08/16/2029 4.32% 217.77 0.00 217.77 0.00
Coupon 06/20/2026 362962AD4 0.00 GMALT 2025-2 A3 4.58
05/22/2028 4.84% 362.58 0.00 362.58 0.00
Coupon 06/20/2026 36275AAD1 0.00 GMALT 2026-2 A3 4.3
03/20/2029 4.40% 317.72 0.00 317.72 0.00
Coupon 06/20/2026 379965AD8 0.00 GMALT 2025-3 A3 4.17
08/21/2028 4.18% 312.75 0.00 312.75 0.00
Coupon 06/25/2026 096919AD7 0.00 BMWOT 2024-A A3
5.18 02/26/2029 4.69% 1,165.25 0.00 1,165.25 0.00
Item 7.5
Monday, August 03, 2026 53 of 776
CONFIDENTIAL | 18
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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 06/30/2026 91282CMD0 0.00
UNITED STATES
TREASURY 4.375
12/31/2029
4.45% 8,750.00 0.00 8,750.00 0.00
Coupon 06/30/2026 91282CEV9 0.00
UNITED STATES
TREASURY 3.25
06/30/2029
4.31% 5,687.50 0.00 5,687.50 0.00
Coupon 06/30/2026 91282CPS4 0.00
UNITED STATES
TREASURY 3.375
12/31/2027
4.01% 5,062.50 0.00 5,062.50 0.00
Coupon 06/30/2026 91282CNK3 0.00
UNITED STATES
TREASURY 3.875
06/30/2030
3.95% 6,296.88 0.00 6,296.88 0.00
Coupon 06/30/2026 91282CPR6 0.00
UNITED STATES
TREASURY 3.625
12/31/2030
3.82% 6,343.75 0.00 6,343.75 0.00
Coupon 06/30/2026 91282CHK0 0.00
UNITED STATES
TREASURY 4.0
06/30/2028
3.76% 7,000.00 0.00 7,000.00 0.00
Total Coupon 0.00 73,943.67 0.00 73,943.67 0.00
Dividend 06/30/2026 X9USDDGCM 0.00 BNY DREYFUS GVT CM
INST 3.53% 509.68 0.00 509.68 0.00
Total Dividend 0.00 509.68 0.00 509.68 0.00
Principal Paydown 06/01/2026 3137FMCR1 168.43 FHMS K-093 A2 2.982 05/25/2029 4.15% 168.43 -- 168.43 (0.00)
Principal Paydown 06/15/2026 47800RAD5 7,318.16 JDOT 2024 A3 4.96 11/15/2028 4.63% 7,318.16 -- 7,318.16 0.00
Principal Paydown 06/15/2026 891940AC2 5,429.01 TAOT 2023-A A3 4.63 09/15/2027 4.63% 5,429.01 -- 5,429.01 0.00
Principal Paydown 06/15/2026 89239TAD4 2,872.64 TAOT 2024-D A3 4.4 06/15/2029 4.51% 2,872.64 -- 2,872.64 (0.00)
Principal Paydown 06/16/2026 38014AAD3 3,826.25 GMCAR 2024-4 A3 4.4 08/16/2029 4.32% 3,826.25 -- 3,826.25 (0.00)
Principal Paydown 06/25/2026 096919AD7 21,598.55 BMWOT 2024-A A3
5.18 02/26/2029 4.69% 21,598.55 -- 21,598.55 0.00
Item 7.5
Monday, August 03, 2026 54 of 776
CONFIDENTIAL | 19
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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
Total Principal
Paydown 41,213.04 41,213.04 -- 41,213.04 0.00
TOTAL OTHER
TRANSACTIONS 41,213.04 115,666.39 0.00 115,666.39 0.00
Item 7.5
Monday, August 03, 2026 55 of 776
CONFIDENTIAL | 20
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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
509.68
18,971.54
0.00 0.00
509.68
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 X9USDDGCM BNY DREYFUS GVT CM INST
114,342.50
101,037.17
757,703.84
(744,398.51)
114,342.50
0.00 1,096.54
0.00 1,096.54
0.00 0.00
0.00 1,096.54
1,096.54
Total Cash & Equivalents 114,852.18
120,008.71
757,703.84
(744,398.51)
114,852.18
0.00 1,096.54
0.00 1,096.54
0.00 0.00
0.00 1,096.54 1,096.54
FIXED INCOME
00287YDY2 ABBVIE INC 4.65 03/15/2028
02/18/2025
02/26/2025
125,000.00
124,902.46
0.00 0.00
124,906.94
1,227.08
0.00 1,711.46
484.38
4.48 0.00
4.48 488.86
488.86
02079KBK2 ALPHABET INC 4.1
02/15/2031
02/12/2026
02/17/2026
200,000.00
200,010.63
0.00 0.00
200,010.43
2,460.00
0.00 3,143.33
683.33
0.67 (0.87)
(0.20)
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
2,691.58
0.00 3,307.97
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
169,997.58
0.00 0.00
169,997.63
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
200,255.92
0.00 0.00
200,237.15
413.33
775.00
413.33
775.00
0.00 (18.77)
(18.77)
756.23
756.23
Item 7.5
Monday, August 03, 2026 56 of 776
CONFIDENTIAL | 21
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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
06051GJB6 BANK OF AMERICA CORP
2.592 04/29/2031
05/20/2026
05/21/2026
300,000.00
276,006.20
0.00 0.00
276,407.66
691.20
0.00 1,339.20
648.00
401.46
0.00 401.46
1,049.46
1,049.46
06406RBG1 BANK OF NEW YORK MELLON
CORP 3.992 06/13/2028
09/05/2024
09/06/2024
225,000.00
224,301.24
0.00 0.00
224,356.85
4,191.60
4,491.00
449.10
748.50
55.60 0.00
55.60 804.10
804.10
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 248,342.43
271,524.38
0.00 (21,598.55)
249,733.23
233.05
1,165.25
214.40
1,146.60
0.00 (192.61)
(192.61)
954.00
954.00
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029
10/30/2024
11/05/2024
205,000.00
205,722.52
0.00 0.00
205,703.79
3,075.00
0.00 3,843.75
768.75
0.00 (18.73)
(18.73)
750.02
750.02
14913UAU4
CATERPILLAR FINANCIAL
SERVICES CORP 4.7
11/15/2029
11/12/2024
11/15/2024
250,000.00
249,718.14
0.00 0.00
249,724.84
522.22
0.00 1,501.39
979.17
6.70 0.00
6.70 985.86
985.86
17275RBW1 CISCO SYSTEMS INC 4.55
02/24/2028
03/11/2025
03/12/2025
250,000.00
250,894.67
0.00 0.00
250,850.09
3,064.93
0.00 4,012.85
947.92
0.00 (44.58)
(44.58)
903.33
903.33
24422EXT1 JOHN DEERE CAPITAL CORP
4.85 06/11/2029
08/12/2024
08/13/2024
225,000.00
227,721.40
0.00 0.00
227,647.58
5,153.13
5,456.25
606.25
909.38
0.00 (73.82)
(73.82)
835.56
835.56
26442CAY0 DUKE ENERGY CAROLINAS
LLC 2.45 08/15/2029
12/18/2024
12/19/2024
250,000.00
233,824.70
0.00 0.00
234,239.10
1,803.47
0.00 2,313.89
510.42
414.40
0.00 414.40
924.81
924.81
30303MAB8 META PLATFORMS INC 4.2
11/15/2030
11/13/2025
11/17/2025
250,000.00
250,429.76
0.00 0.00
250,421.68
466.67
0.00 1,341.67
875.00
0.00 (8.07)
(8.07)
866.93
866.93
Item 7.5
Monday, August 03, 2026 57 of 776
CONFIDENTIAL | 22
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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
3130B7QM9 FEDERAL HOME LOAN BANKS
3.5 09/09/2027
09/23/2025
09/24/2025
500,000.00
499,216.33
0.00 0.00
499,266.89
3,986.11
0.00 5,444.44
1,458.33
50.56 0.00
50.56 1,508.89
1,508.89
3137F62M8 FHMS K-118 A2 1.493
09/25/2030
01/29/2026
01/30/2026
250,000.00
225,553.29
0.00 0.00
226,025.53
311.04
311.04
311.04
311.04
472.25
0.00 472.25
783.29
783.29
3137F83Q4 FHMS K-121 A2 1.547
10/25/2030
01/08/2026
01/13/2026
250,000.00
225,734.25
0.00 0.00
226,194.12
322.29
322.29
322.29
322.29
459.87
0.00 459.87
782.16
782.16
3137FJEH8 FHMS K-081 A2 3.9
08/25/2028
11/21/2024
11/26/2024
250,000.00
246,662.25
0.00 0.00
246,788.68
812.50
812.50
812.50
812.50
126.43
0.00 126.43
938.93
938.93
3137FJKE8 FHMS K-082 A2 3.92
09/25/2028
06/10/2025
06/13/2025
250,000.00
247,895.04
0.00 0.00
247,971.77
816.67
816.67
816.67
816.67
76.73 0.00
76.73 893.40
893.40
3137FKSH0 FHMS K-086 A2 3.859
11/25/2028
09/18/2024
09/23/2024
150,000.00
150,003.45
0.00 0.00
150,003.34
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
291,697.07
0.00 0.00
291,945.16
876.25
876.25
876.25
876.25
248.10
0.00 248.10
1,124.35
1,124.35
3137FMCR1 FHMS K-093 A2 2.982
05/25/2029
10/16/2024
10/21/2024
146,836.27
142,535.45
0.00 (168.43)
142,497.89
365.31
365.31
364.89
364.89
130.87
0.00 130.87
495.76
495.76
3137FNAE0 FHMS K-095 A2 2.785
06/25/2029
03/13/2025
03/18/2025
250,000.00
239,087.83
0.00 0.00
239,386.52
580.21
580.21
580.21
580.21
298.69
0.00 298.69
878.90
878.90
Item 7.5
Monday, August 03, 2026 58 of 776
CONFIDENTIAL | 23
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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
3137FPHK4 FHMS K-098 A2 2.425
08/25/2029
10/17/2024
10/22/2024
300,000.00
284,373.41
0.00 0.00
284,778.59
606.25
606.25
606.25
606.25
405.18
0.00 405.18
1,011.43
1,011.43
3137FRUJ8 FHMS K-105 A2 1.872
01/25/2030
03/17/2025
03/20/2025
275,000.00
252,418.36
0.00 0.00
252,935.49
429.00
429.00
429.00
429.00
517.14
0.00 517.14
946.14
946.14
3137FWG79 FHMS K-115 A2 1.383
06/25/2030
06/17/2026
06/23/2026
250,000.00
0.00 222,822.27
0.00 222,973.36
0.00 (211.29)
288.13
76.84 151.09
0.00 151.09
227.93
227.93
3137FX3Q9 FHMS K-117 A2 1.406
08/25/2030
06/03/2026
06/08/2026
250,000.00
0.00 221,455.08
0.00 221,888.44
0.00 (68.35)
292.92
224.57
433.36
0.00 433.36
657.92
657.92
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029
11/19/2024
11/22/2024
120,000.00
119,997.39
0.00 0.00
119,997.46
245.87
461.00
245.87
461.00
0.07 0.00
0.07 461.07
461.07
36275AAD1 GMALT 2026-2 A3 4.3
03/20/2029
05/05/2026
05/14/2026
70,000.00
69,992.56
0.00 0.00
69,992.78
142.14
317.72
75.25 250.83
0.22 0.00
0.22 251.05
251.05
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029
01/09/2025
01/15/2025
80,000.00
79,995.72
0.00 0.00
79,995.82
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
94,998.95
0.00 0.00
94,999.00
132.95
362.58
132.95
362.58
0.04 0.00
0.04 362.62
362.62
379965AD8 GMALT 2025-3 A3 4.17
08/21/2028
08/05/2025
08/13/2025
90,000.00
89,989.94
0.00 0.00
89,990.31
114.68
312.75
114.68
312.75
0.37 0.00
0.37 313.12
313.12
Item 7.5
Monday, August 03, 2026 59 of 776
CONFIDENTIAL | 24
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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
38014AAD3 GMCAR 2024-4 A3 4.4
08/16/2029
10/08/2024
10/16/2024
55,565.55
59,384.20
0.00 (3,826.25)
55,558.62
108.89
217.77
101.87
210.76
0.67 0.00
0.67 211.43
211.43
38141GD27 GOLDMAN SACHS GROUP
INC 4.153 10/21/2029
10/14/2025
10/21/2025
105,000.00
105,000.00
0.00 0.00
105,000.00
484.52
0.00 847.90
363.39
0.00 0.00
0.00 363.39
363.39
43814YAD3 HAROT 2026-2 A3 4.3
11/15/2030
05/05/2026
05/13/2026
160,000.00
159,995.43
0.00 0.00
159,995.52
344.00
611.56
305.78
573.34
0.08 0.00
0.08 573.42
573.42
44935KAD5 HART 26B A3 4.81
02/18/2031
06/09/2026
06/17/2026
120,000.00
0.00 119,985.52
0.00 119,985.64
0.00 0.00
224.47
224.47
0.12 0.00
0.12 224.59
224.59
44935XAD7 HART 2025-B A3 4.36
12/17/2029
06/03/2025
06/11/2025
80,000.00
79,994.33
0.00 0.00
79,994.46
155.02
290.67
155.02
290.67
0.13 0.00
0.13 290.80
290.80
459058LN1
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
12/13/2024
12/16/2024
350,000.00
345,591.59
0.00 0.00
345,698.85
1,694.00
0.00 2,824.50
1,130.50
107.26
0.00 107.26
1,237.76
1,237.76
459058LR2
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
03/14/2025
03/20/2025
125,000.00
124,660.79
0.00 0.00
124,668.12
1,016.93
0.00 1,446.61
429.69
7.33 0.00
7.33 437.02
437.02
46647PDG8 JPMORGAN CHASE & CO
4.851 07/25/2028
08/12/2024
08/13/2024
150,000.00
150,363.32
0.00 0.00
150,337.30
2,546.78
0.00 3,153.15
606.38
0.00 (26.01)
(26.01)
580.36
580.36
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
1,993.99
0.00 2,465.01
471.02
0.00 0.00
0.00 471.02
471.02
Item 7.5
Monday, August 03, 2026 60 of 776
CONFIDENTIAL | 25
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
100,000.00
99,995.41
0.00 0.00
99,995.53
188.00
352.50
188.00
352.50
0.11 0.00
0.11 352.61
352.61
47800RAD5 JDOT 2024 A3 4.96
11/15/2028
02/20/2025
02/21/2025
132,532.42
140,303.94
0.00 (7,318.16)
132,939.13
308.29
578.05
292.16
561.92
0.00 (46.66)
(46.66)
515.26
515.26
532457CQ9 ELI LILLY AND CO 4.2
08/14/2029
08/12/2024
08/14/2024
235,000.00
234,852.44
0.00 0.00
234,856.22
2,933.58
0.00 3,756.08
822.50
3.78 0.00
3.78 826.28
826.28
571748CA8
MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030
03/24/2025
03/25/2025
250,000.00
249,813.42
0.00 0.00
249,817.46
2,454.17
0.00 3,422.92
968.75
4.05 0.00
4.05 972.80
972.80
57636QBL7 MASTERCARD INC 4.6
06/08/2031
06/04/2026
06/08/2026
180,000.00
0.00 179,856.00
0.00 179,857.81
0.00 0.00
529.00
529.00
1.81 0.00
1.81 530.81
530.81
58770YAD3 MBALT 2026-A A3 3.93
01/15/2030
01/13/2026
01/21/2026
60,000.00
59,989.17
0.00 0.00
59,989.42
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
114,982.29
0.00 0.00
114,982.70
244.31
458.08
244.31
458.08
0.41 0.00
0.41 458.49
458.49
58933YCK9 MERCK & CO INC 4.65
05/22/2031
05/18/2026
05/22/2026
85,000.00
84,947.59
0.00 0.00
84,948.45
98.81 0.00
428.19
329.38
0.87 0.00
0.87 330.24
330.24
61748UAK8 MORGAN STANLEY 4.133
10/18/2029
10/17/2025
10/22/2025
155,000.00
155,015.54
0.00 0.00
155,015.00
765.18
0.00 1,299.02
533.85
0.00 (0.54)
(0.54)
533.31
533.31
Item 7.5
Monday, August 03, 2026 61 of 776
CONFIDENTIAL | 26
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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
63743HFX5
NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP
4.95 02/07/2030
02/20/2025
02/21/2025
250,000.00
250,406.40
0.00 0.00
250,397.14
3,918.75
0.00 4,950.00
1,031.25
0.00 (9.26)
(9.26)
1,021.99
1,021.99
67066GAR5 NVIDIA CORP 4.5 06/15/2031
06/15/2026
06/18/2026
110,000.00
0.00 109,791.00
0.00 109,792.49
0.00 0.00
178.75
178.75
1.49 0.00
1.49 180.24
180.24
69371RT71 PACCAR FINANCIAL CORP
4.55 05/08/2030
05/05/2025
05/08/2025
230,000.00
229,719.45
0.00 0.00
229,725.30
668.60
0.00 1,540.68
872.08
5.86 0.00
5.86 877.94
877.94
74340XCQ2 PROLOGIS LP 4.75
01/15/2031
01/14/2026
01/15/2026
250,000.00
255,368.87
0.00 0.00
255,271.73
4,486.11
0.00 5,475.69
989.58
0.00 (97.14)
(97.14)
892.44
892.44
756109CW2 REALTY INCOME CORP 3.95
02/01/2029
01/07/2026
01/08/2026
250,000.00
249,631.82
0.00 0.00
249,643.14
3,291.67
0.00 4,114.58
822.92
11.32 0.00
11.32 834.23
834.23
79466LAQ7 SALESFORCE INC 4.5
03/15/2028
03/12/2026
03/13/2026
140,000.00
140,300.92
0.00 0.00
140,286.45
1,365.00
0.00 1,890.00
525.00
0.00 (14.47)
(14.47)
510.53
510.53
857477CP6 STATE STREET CORP 4.33
10/22/2027
11/07/2024
11/08/2024
175,000.00
174,517.56
0.00 0.00
174,546.06
820.90
0.00 1,452.35
631.46
28.49 0.00
28.49 659.95
659.95
891940AC2 TAOT 2023-A A3 4.63
09/15/2027
11/14/2024
11/15/2024
15,125.80
20,556.37
0.00 (5,429.01)
15,126.69
42.30 79.31
31.13 68.14
0.00 (0.67)
(0.67)
67.47 67.47
89231HAD8 TAOT 2025-B A3 4.34
11/15/2029
04/24/2025
04/30/2025
65,000.00
64,997.17
0.00 0.00
64,997.24
125.38
235.08
125.38
235.08
0.07 0.00
0.07 235.15
235.15
Item 7.5
Monday, August 03, 2026 62 of 776
CONFIDENTIAL | 27
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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
89236TMK8 TOYOTA MOTOR CREDIT
CORP 4.55 08/09/2029
08/12/2024
08/13/2024
225,000.00
225,362.54
0.00 0.00
225,353.21
3,185.00
0.00 4,038.13
853.13
0.00 (9.34)
(9.34)
843.79
843.79
89236TNA9 TOYOTA MOTOR CREDIT
CORP 4.95 01/09/2030
01/06/2025
01/09/2025
170,000.00
169,737.41
0.00 0.00
169,743.39
3,319.25
0.00 4,020.50
701.25
5.98 0.00
5.98 707.23
707.23
89239TAD4 TAOT 2024-D A3 4.4
06/15/2029
10/10/2024
10/17/2024
57,127.36
59,997.82
0.00 (2,872.64)
57,125.34
117.33
220.00
111.72
214.38
0.16 0.00
0.16 214.54
214.54
91159HJK7 US BANCORP 4.653
02/01/2029
09/05/2024
09/06/2024
200,000.00
200,547.68
0.00 0.00
200,520.74
3,102.00
0.00 3,877.50
775.50
0.00 (26.93)
(26.93)
748.57
748.57
91282CEV9 UNITED STATES TREASURY
3.25 06/30/2029
11/18/2024
11/19/2024
350,000.00
339,706.52
0.00 0.00
339,981.01
4,776.24
5,687.50
30.91 942.17
274.49
0.00 274.49
1,216.66
1,216.66
91282CFM8 UNITED STATES TREASURY
4.125 09/30/2027
10/31/2024
11/01/2024
350,000.00
349,781.22
0.00 0.00
349,794.73
2,445.70
0.00 3,629.10
1,183.40
13.50 0.00
13.50 1,196.91
1,196.91
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028
08/08/2024
08/09/2024
375,000.00
375,762.62
0.00 0.00
375,726.76
3,790.76
0.00 5,013.59
1,222.83
0.00 (35.86)
(35.86)
1,186.97
1,186.97
91282CHK0 UNITED STATES TREASURY 4.0
06/30/2028
08/20/2024
08/21/2024
350,000.00
351,622.38
0.00 0.00
351,558.34
5,878.45
7,000.00
38.04 1,159.59
0.00 (64.04)
(64.04)
1,095.55
1,095.55
91282CJC6 UNITED STATES TREASURY
4.625 10/15/2026
08/30/2024
08/30/2024
0.00 375,965.29
0.00 (375,943.99)
0.00 2,227.20
2,369.36
0.00 142.16
0.00 (21.29)
(21.29)
120.86
120.86
Item 7.5
Monday, August 03, 2026 63 of 776
CONFIDENTIAL | 28
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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
91282CJF9 UNITED STATES TREASURY
4.875 10/31/2028
08/08/2024
08/09/2024
375,000.00
383,444.33
0.00 0.00
383,157.44
1,589.67
0.00 3,079.99
1,490.32
0.00 (286.90)
(286.90)
1,203.42
1,203.42
91282CKD2 UNITED STATES TREASURY
4.25 02/28/2029
11/26/2024
11/27/2024
375,000.00
375,378.18
0.00 0.00
375,366.87
4,027.68
0.00 5,326.94
1,299.25
0.00 (11.31)
(11.31)
1,287.94
1,287.94
91282CKE0 UNITED STATES TREASURY
4.25 03/15/2027
08/20/2024
08/21/2024
0.00 351,018.69
0.00 (350,958.35)
0.00 3,152.85
3,840.01
0.00 687.16
0.00 (60.34)
(60.34)
626.82
626.82
91282CKG5 UNITED STATES TREASURY
4.125 03/31/2029
11/18/2024
11/19/2024
350,000.00
348,376.01
0.00 0.00
348,423.13
2,445.70
0.00 3,629.10
1,183.40
47.12 0.00
47.12 1,230.52
1,230.52
91282CKP5 UNITED STATES TREASURY
4.625 04/30/2029
08/08/2024
08/09/2024
375,000.00
382,761.35
0.00 0.00
382,542.51
1,508.15
0.00 2,922.04
1,413.89
0.00 (218.84)
(218.84)
1,195.06
1,195.06
91282CKV2 UNITED STATES TREASURY
4.625 06/15/2027
05/28/2026
05/29/2026
300,000.00
302,197.45
0.00 0.00
302,023.51
6,403.85
6,937.50
606.56
1,140.21
0.00 (173.94)
(173.94)
966.27
966.27
91282CKZ3 UNITED STATES TREASURY
4.375 07/15/2027
08/08/2024
08/09/2024
375,000.00
376,836.56
0.00 0.00
376,701.85
6,209.00
0.00 7,568.63
1,359.63
0.00 (134.71)
(134.71)
1,224.92
1,224.92
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029
08/20/2024
08/21/2024
350,000.00
352,968.31
0.00 0.00
352,891.27
4,679.56
0.00 5,839.78
1,160.22
0.00 (77.03)
(77.03)
1,083.19
1,083.19
91282CLK5 UNITED STATES TREASURY
3.625 08/31/2029 400,000.00
400,359.41
0.00 0.00
400,350.33
3,664.40
0.00 4,846.47
1,182.07
35.61 (44.69)
(9.08)
1,172.98
1,172.98
Item 7.5
Monday, August 03, 2026 64 of 776
CONFIDENTIAL | 29
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 400,000.00
392,901.15
0.00 0.00
393,076.14
2,371.58
0.00 3,519.13
1,147.54
174.99
0.00 174.99
1,322.53
1,322.53
91282CLR0 UNITED STATES TREASURY
4.125 10/31/2029 400,000.00
397,483.16
0.00 0.00
397,543.66
1,434.78
0.00 2,779.89
1,345.11
60.50 0.00
60.50 1,405.61
1,405.61
91282CMA6 UNITED STATES TREASURY
4.125 11/30/2029
12/11/2024
12/12/2024
400,000.00
400,385.29
0.00 0.00
400,376.24
45.08 8,250.00
1,397.54
9,602.46
0.00 (9.04)
(9.04)
9,593.41
9,593.41
91282CMD0 UNITED STATES TREASURY
4.375 12/31/2029 400,000.00
399,045.17
0.00 0.00
399,067.06
7,348.07
8,750.00
47.55 1,449.49
24.93 (3.05)
21.88 1,471.37
1,471.37
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030
04/07/2025
04/08/2025
300,000.00
302,597.15
0.00 0.00
302,541.46
2,032.79
0.00 3,016.39
983.61
0.00 (55.69)
(55.69)
927.91
927.91
91282CMZ1 UNITED STATES TREASURY
3.875 04/30/2030
09/16/2025
09/17/2025
500,000.00
505,446.29
0.00 0.00
505,331.95
1,684.78
0.00 3,264.27
1,579.48
0.00 (114.34)
(114.34)
1,465.15
1,465.15
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030
06/09/2025
06/10/2025
350,000.00
348,988.77
0.00 0.00
349,009.54
38.25 7,000.00
1,185.79
8,147.54
20.78 0.00
20.78 8,168.32
8,168.32
91282CNK3 UNITED STATES TREASURY
3.875 06/30/2030
07/29/2025
07/30/2025
325,000.00
324,115.28
0.00 0.00
324,133.10
5,287.98
6,296.88
34.22 1,043.12
17.81 0.00
17.81 1,060.93
1,060.93
91282CNN7 UNITED STATES TREASURY
3.875 07/31/2030
08/26/2025
08/27/2025
225,000.00
225,914.00
0.00 0.00
225,895.97
2,914.28
0.00 3,636.83
722.55
0.00 (18.03)
(18.03)
704.52
704.52
Item 7.5
Monday, August 03, 2026 65 of 776
CONFIDENTIAL | 30
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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
91282CNU1 UNITED STATES TREASURY
3.625 08/15/2028
01/29/2026
01/30/2026
250,000.00
250,135.71
0.00 0.00
250,130.66
2,653.66
0.00 3,404.70
751.04
0.00 (5.05)
(5.05)
745.98
745.98
91282CNX5 UNITED STATES TREASURY
3.625 08/31/2030
09/16/2025
09/17/2025
500,000.00
500,804.31
0.00 0.00
500,788.76
4,580.50
0.00 6,058.08
1,477.58
0.00 (15.55)
(15.55)
1,462.03
1,462.03
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030
12/09/2025
12/10/2025
150,000.00
148,330.13
0.00 0.00
148,360.62
14.34 2,625.00
444.67
3,055.33
30.49 0.00
30.49 3,085.82
3,085.82
91282CPP0 UNITED STATES TREASURY 3.5
12/15/2028
01/29/2026
01/30/2026
250,000.00
249,266.37
0.00 0.00
249,290.08
4,038.46
4,375.00
382.51
719.05
23.72 0.00
23.72 742.77
742.77
91282CPR6 UNITED STATES TREASURY
3.625 12/31/2030
01/29/2026
01/30/2026
350,000.00
347,234.73
0.00 0.00
347,284.29
5,327.35
6,343.75
34.48 1,050.88
49.56 0.00
49.56 1,100.44
1,100.44
91282CPS4 UNITED STATES TREASURY
3.375 12/31/2027
05/28/2026
05/29/2026
300,000.00
297,120.42
0.00 0.00
297,269.88
4,251.38
5,062.50
27.51 838.63
149.46
0.00 149.46
988.09
988.09
92826CAZ5 VISA INC 4.1 02/12/2031
02/03/2026
02/12/2026
140,000.00
139,823.60
0.00 0.00
139,826.68
1,737.94
0.00 2,216.28
478.33
3.08 0.00
3.08 481.42
481.42
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029
10/17/2024
10/24/2024
110,000.00
109,988.91
0.00 0.00
109,989.18
209.73
393.25
209.73
393.25
0.27 0.00
0.27 393.52
393.52
931142FN8 WALMART INC 4.35
04/28/2030
04/23/2025
04/28/2025
185,000.00
184,749.88
0.00 0.00
184,755.14
737.69
0.00 1,408.31
670.63
5.26 0.00
5.26 675.88
675.88
Item 7.5
Monday, August 03, 2026 66 of 776
CONFIDENTIAL | 31
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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
Total Fixed Income 21,515,529.82
21,227,002.99
853,909.87
(768,115.38)
21,316,225.41
176,085.68
97,748.40
166,065.91
87,728.62
5,366.23
(1,938.30)
3,427.93
91,156.55 91,156.55
TOTAL PORTFOLIO 21,630,382.00
21,347,011.70
1,611,613.71
(1,512,513.89)
21,431,077.59
176,085.68
98,844.94
166,065.91
88,825.16
5,366.23
(1,938.30)
3,427.93
92,253.09 92,253.09
Item 7.5
Monday, August 03, 2026 67 of 776
CONFIDENTIAL | 32
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount JULY 2026
07/02/2026 Dividend 262006208 0.00 BNY DREYFUS GVT CM INST 509.68 509.68 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 43814YAD3 160,000.00 HAROT 2026-2 A3 4.3 11/15/2030 573.33 573.33 07/15/2026 Coupon 44935KAD5 120,000.00 HART 26B A3 4.81 02/18/2031 448.93 448.93 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 132,532.42 JDOT 2024 A3 4.96 11/15/2028 547.80 547.80 07/15/2026 Principal Paydown 47800RAD5 132,532.42 JDOT 2024 A3 4.96 11/15/2028 8,706.99 8,706.99 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 15,125.80 TAOT 2023-A A3 4.63 09/15/2027 58.46 58.46 07/15/2026 Principal Paydown 891940AC2 15,125.80 TAOT 2023-A A3 4.63 09/15/2027 5,398.59 5,398.59 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 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 209.47 209.47 07/15/2026 Principal Paydown 89239TAD4 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 3,435.08 3,435.08 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 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 1,883.66 1,883.66 07/16/2026 Coupon 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 209.55 209.55 07/16/2026 Principal Paydown 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 2,981.57 2,981.57 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 36275AAD1 70,000.00 GMALT 2026-2 A3 4.3 03/20/2029 250.83 250.83 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 46647PEU6 115,000.00 JPMORGAN CHASE & CO 4.915 01/24/2029 2,826.13 2,826.13 07/27/2026 Coupon 096919AD7 248,342.43 BMWOT 2024-A A3 5.18 02/26/2029 1,185.92 1,185.92 Item 7.5
Monday, August 03, 2026 68 of 776
CONFIDENTIAL | 33
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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 248,342.43 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 146,836.27 FHMS K-093 A2 2.982 05/25/2029 364.89 364.89 07/27/2026 Principal Paydown 3137FMCR1 146,836.27 FHMS K-093 A2 2.982 05/25/2029 182.32 182.32 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 3137FWG79 250,000.00 FHMS K-115 A2 1.383 06/25/2030 288.13 288.13 07/27/2026 Coupon 3137FX3Q9 250,000.00 FHMS K-117 A2 1.406 08/25/2030 292.92 292.92 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 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 41,847.76 54,288.79 96,136.56
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
Item 7.5
Monday, August 03, 2026 69 of 776
CONFIDENTIAL | 34
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 08/17/2026 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 1,422.80 1,422.80 08/17/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 300.75 300.75 08/17/2026 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 3,796.14 3,796.14 08/17/2026 Coupon 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 198.62 198.62 08/17/2026 Principal Paydown 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 3,249.23 3,249.23 08/17/2026 Coupon 43814YAD3 160,000.00 HAROT 2026-2 A3 4.3 11/15/2030 573.33 573.33 08/17/2026 Coupon 44935KAD5 120,000.00 HART 26B A3 4.81 02/18/2031 481.00 481.00 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 132,532.42 JDOT 2024 A3 4.96 11/15/2028 511.81 511.81 08/17/2026 Principal Paydown 47800RAD5 132,532.42 JDOT 2024 A3 4.96 11/15/2028 8,903.81 8,903.81 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 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 488.12 488.12 08/17/2026 Coupon 891940AC2 15,125.80 TAOT 2023-A A3 4.63 09/15/2027 37.63 37.63 08/17/2026 Principal Paydown 891940AC2 15,125.80 TAOT 2023-A A3 4.63 09/15/2027 4,617.25 4,617.25 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 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 196.87 196.87 08/17/2026 Principal Paydown 89239TAD4 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 3,335.54 3,335.54 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 36275AAD1 70,000.00 GMALT 2026-2 A3 4.3 03/20/2029 250.83 250.83 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 248,342.43 BMWOT 2024-A A3 5.18 02/26/2029 1,104.99 1,104.99 08/25/2026 Principal Paydown 096919AD7 248,342.43 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 Item 7.5
Monday, August 03, 2026 70 of 776
CONFIDENTIAL | 35
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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 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 146,836.27 FHMS K-093 A2 2.982 05/25/2029 364.44 364.44 08/25/2026 Principal Paydown 3137FMCR1 146,836.27 FHMS K-093 A2 2.982 05/25/2029 169.08 169.08 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 08/25/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 08/25/2026 Coupon 3137FWG79 250,000.00 FHMS K-115 A2 1.383 06/25/2030 288.13 288.13 08/25/2026 Coupon 3137FX3Q9 250,000.00 FHMS K-117 A2 1.406 08/25/2030 292.92 292.92 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 44,246.33 96,803.95 141,050.28
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 455.53 455.53 09/15/2026 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 4,718.90 4,718.90 09/15/2026 Coupon 43814YAD3 160,000.00 HAROT 2026-2 A3 4.3 11/15/2030 573.33 573.33 09/15/2026 Coupon 44935KAD5 120,000.00 HART 26B A3 4.81 02/18/2031 481.00 481.00 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 132,532.42 JDOT 2024 A3 4.96 11/15/2028 475.01 475.01 09/15/2026 Principal Paydown 47800RAD5 132,532.42 JDOT 2024 A3 4.96 11/15/2028 10,529.95 10,529.95 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 456.14 456.14 09/15/2026 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 5,691.36 5,691.36 Item 7.5
Monday, August 03, 2026 71 of 776
CONFIDENTIAL | 36
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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 09/15/2026 Coupon 79466LAQ7 140,000.00 SALESFORCE INC 4.5 03/15/2028 3,185.00 3,185.00 09/15/2026 Coupon 891940AC2 15,125.80 TAOT 2023-A A3 4.63 09/15/2027 19.82 19.82 09/15/2026 Principal Paydown 891940AC2 15,125.80 TAOT 2023-A A3 4.63 09/15/2027 4,404.13 4,404.13 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 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 184.64 184.64 09/15/2026 Principal Paydown 89239TAD4 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 3,268.61 3,268.61 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 286.13 286.13 09/16/2026 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 4,246.72 4,246.72 09/16/2026 Coupon 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 186.70 186.70 09/16/2026 Principal Paydown 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 3,196.64 3,196.64 09/21/2026 Coupon 36275AAD1 70,000.00 GMALT 2026-2 A3 4.3 03/20/2029 250.83 250.83 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 248,342.43 BMWOT 2024-A A3 5.18 02/26/2029 1,026.15 1,026.15 09/25/2026 Principal Paydown 096919AD7 248,342.43 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 146,836.27 FHMS K-093 A2 2.982 05/25/2029 364.01 364.01 09/25/2026 Principal Paydown 3137FMCR1 146,836.27 FHMS K-093 A2 2.982 05/25/2029 169.38 169.38 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 09/25/2026 Coupon 3137FWG79 250,000.00 FHMS K-115 A2 1.383 06/25/2030 288.13 288.13 09/25/2026 Coupon 3137FX3Q9 250,000.00 FHMS K-117 A2 1.406 08/25/2030 292.92 292.92 09/30/2026 Coupon 91282CFM8 350,000.00 UNITED STATES TREASURY 4.125 09/30/2027 7,218.75 7,218.75 Item 7.5
Monday, August 03, 2026 72 of 776
CONFIDENTIAL | 37
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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 09/30/2026 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 54,162.71 64,770.97 118,933.68
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 437.41 437.41 10/15/2026 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 6,577.28 6,577.28 10/15/2026 Coupon 43814YAD3 160,000.00 HAROT 2026-2 A3 4.3 11/15/2030 573.33 573.33 10/15/2026 Coupon 44935KAD5 120,000.00 HART 26B A3 4.81 02/18/2031 481.00 481.00 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 10/15/2026 Coupon 47800RAD5 132,532.42 JDOT 2024 A3 4.96 11/15/2028 431.49 431.49 10/15/2026 Principal Paydown 47800RAD5 132,532.42 JDOT 2024 A3 4.96 11/15/2028 9,672.39 9,672.39 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 433.47 433.47 10/15/2026 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 5,471.70 5,471.70 10/15/2026 Coupon 891940AC2 15,125.80 TAOT 2023-A A3 4.63 09/15/2027 2.83 2.83 10/15/2026 Effective Maturity 891940AC2 15,125.80 TAOT 2023-A A3 4.63 09/15/2027 732.75 732.75 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 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 172.66 172.66 10/15/2026 Principal Paydown 89239TAD4 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 3,137.97 3,137.97 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 269.78 269.78 10/16/2026 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 4,071.83 4,071.83 10/16/2026 Coupon 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 174.98 174.98 10/16/2026 Principal Paydown 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 3,075.42 3,075.42 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 Item 7.5
Monday, August 03, 2026 73 of 776
CONFIDENTIAL | 38
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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 10/20/2026 Coupon 36275AAD1 70,000.00 GMALT 2026-2 A3 4.3 03/20/2029 250.83 250.83 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 8,729.94 8,729.94 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 096919AD7 248,342.43 BMWOT 2024-A A3 5.18 02/26/2029 948.72 948.72 10/26/2026 Principal Paydown 096919AD7 248,342.43 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 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 146,836.27 FHMS K-093 A2 2.982 05/25/2029 363.59 363.59 10/26/2026 Principal Paydown 3137FMCR1 146,836.27 FHMS K-093 A2 2.982 05/25/2029 183.13 183.13 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 10/26/2026 Coupon 3137FWG79 250,000.00 FHMS K-115 A2 1.383 06/25/2030 288.13 288.13 10/26/2026 Coupon 3137FX3Q9 250,000.00 FHMS K-117 A2 1.406 08/25/2030 292.92 292.92 10/28/2026 Coupon 931142FN8 185,000.00 WALMART INC 4.35 04/28/2030 4,023.75 4,023.75 10/29/2026 Coupon 06051GJB6 300,000.00 BANK OF AMERICA CORP 2.592 04/29/2031 3,888.00 3,888.00 October 2026 Total 58,071.95 37,747.53 95,819.48
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 Item 7.5
Monday, August 03, 2026 74 of 776
CONFIDENTIAL | 39
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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 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 412.14 412.14 11/16/2026 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 6,448.53 6,448.53 11/16/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 254.11 254.11 11/16/2026 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 3,985.14 3,985.14 11/16/2026 Coupon 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 163.71 163.71 11/16/2026 Principal Paydown 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 3,017.72 3,017.72 11/16/2026 Coupon 43814YAD3 160,000.00 HAROT 2026-2 A3 4.3 11/15/2030 573.33 573.33 11/16/2026 Coupon 44935KAD5 120,000.00 HART 26B A3 4.81 02/18/2031 481.00 481.00 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 132,532.42 JDOT 2024 A3 4.96 11/15/2028 391.51 391.51 11/16/2026 Principal Paydown 47800RAD5 132,532.42 JDOT 2024 A3 4.96 11/15/2028 11,534.57 11,534.57 11/16/2026 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 11/16/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 411.67 411.67 11/16/2026 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 5,374.24 5,374.24 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 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 161.15 161.15 11/16/2026 Principal Paydown 89239TAD4 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 3,026.70 3,026.70 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 36275AAD1 70,000.00 GMALT 2026-2 A3 4.3 03/20/2029 250.83 250.83 11/20/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 329.26 329.26 11/20/2026 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 10,377.80 10,377.80 11/20/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 11/23/2026 Coupon 58933YCK9 85,000.00 MERCK & CO INC 4.65 05/22/2031 1,976.25 1,976.25 11/25/2026 Coupon 096919AD7 248,342.43 BMWOT 2024-A A3 5.18 02/26/2029 877.84 877.84 11/25/2026 Principal Paydown 096919AD7 248,342.43 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 Item 7.5
Monday, August 03, 2026 75 of 776
CONFIDENTIAL | 40
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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 11/25/2026 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 146,836.27 FHMS K-093 A2 2.982 05/25/2029 363.14 363.14 11/25/2026 Principal Paydown 3137FMCR1 146,836.27 FHMS K-093 A2 2.982 05/25/2029 170.02 170.02 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 11/25/2026 Coupon 3137FWG79 250,000.00 FHMS K-115 A2 1.383 06/25/2030 288.13 288.13 11/25/2026 Coupon 3137FX3Q9 250,000.00 FHMS K-117 A2 1.406 08/25/2030 292.92 292.92 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 60,037.35 85,608.15 145,645.50
DECEMBER 2026
12/08/2026 Coupon 57636QBL7 180,000.00 MASTERCARD INC 4.6 06/08/2031 4,140.00 4,140.00 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 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 387.36 387.36 12/15/2026 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 6,067.26 6,067.26 12/15/2026 Coupon 43814YAD3 160,000.00 HAROT 2026-2 A3 4.3 11/15/2030 573.33 573.33 12/15/2026 Coupon 44935KAD5 120,000.00 HART 26B A3 4.81 02/18/2031 481.00 481.00 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 132,532.42 JDOT 2024 A3 4.96 11/15/2028 343.83 343.83 12/15/2026 Principal Paydown 47800RAD5 132,532.42 JDOT 2024 A3 4.96 11/15/2028 7,815.04 7,815.04 12/15/2026 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 Item 7.5
Monday, August 03, 2026 76 of 776
CONFIDENTIAL | 41
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 390.27 390.27 12/15/2026 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 5,085.10 5,085.10 12/15/2026 Coupon 67066GAR5 110,000.00 NVIDIA CORP 4.5 06/15/2031 2,433.75 2,433.75 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 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 150.05 150.05 12/15/2026 Principal Paydown 89239TAD4 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 2,712.58 2,712.58 12/15/2026 Coupon 91282CKV2 300,000.00 UNITED STATES TREASURY 4.625 06/15/2027 6,937.50 6,937.50 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 238.76 238.76 12/16/2026 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 3,764.46 3,764.46 12/16/2026 Coupon 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 152.64 152.64 12/16/2026 Principal Paydown 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 2,861.53 2,861.53 12/21/2026 Coupon 36275AAD1 70,000.00 GMALT 2026-2 A3 4.3 03/20/2029 250.83 250.83 12/21/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 289.66 289.66 12/21/2026 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 13,181.21 13,181.21 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 248,342.43 BMWOT 2024-A A3 5.18 02/26/2029 808.33 808.33 12/25/2026 Principal Paydown 096919AD7 248,342.43 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 146,836.27 FHMS K-093 A2 2.982 05/25/2029 362.72 362.72 12/25/2026 Principal Paydown 3137FMCR1 146,836.27 FHMS K-093 A2 2.982 05/25/2029 183.68 183.68 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 12/25/2026 Coupon 3137FWG79 250,000.00 FHMS K-115 A2 1.383 06/25/2030 288.13 288.13 12/25/2026 Coupon 3137FX3Q9 250,000.00 FHMS K-117 A2 1.406 08/25/2030 292.92 292.92 Item 7.5
Monday, August 03, 2026 77 of 776
CONFIDENTIAL | 42
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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 12/31/2026 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 12/31/2026 Coupon 91282CPS4 300,000.00 UNITED STATES TREASURY 3.375 12/31/2027 5,062.50 5,062.50 December 2026
Total 57,038.12 80,382.62 137,420.74
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 364.06 364.06 01/15/2027 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 5,964.54 5,964.54 01/15/2027 Coupon 43814YAD3 160,000.00 HAROT 2026-2 A3 4.3 11/15/2030 573.33 573.33 01/15/2027 Coupon 44935KAD5 120,000.00 HART 26B A3 4.81 02/18/2031 481.00 481.00 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 964.81 964.81 01/15/2027 Coupon 47800RAD5 132,532.42 JDOT 2024 A3 4.96 11/15/2028 311.53 311.53 01/15/2027 Principal Paydown 47800RAD5 132,532.42 JDOT 2024 A3 4.96 11/15/2028 11,341.31 11,341.31 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 370.01 370.01 01/15/2027 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 5,008.30 5,008.30 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 Principal Paydown 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 467.37 467.37 01/15/2027 Coupon 89239TAD4 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 140.11 140.11 01/15/2027 Principal Paydown 89239TAD4 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 2,664.81 2,664.81 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 224.27 224.27 Item 7.5
Monday, August 03, 2026 78 of 776
CONFIDENTIAL | 43
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 3,699.73 3,699.73 01/18/2027 Coupon 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 142.15 142.15 01/18/2027 Principal Paydown 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 2,815.13 2,815.13 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 36275AAD1 70,000.00 GMALT 2026-2 A3 4.3 03/20/2029 250.83 250.83 01/20/2027 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 239.35 239.35 01/20/2027 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 13,504.98 13,504.98 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 8,109.16 8,109.16 01/25/2027 Coupon 096919AD7 248,342.43 BMWOT 2024-A A3 5.18 02/26/2029 741.99 741.99 01/25/2027 Principal Paydown 096919AD7 248,342.43 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 146,836.27 FHMS K-093 A2 2.982 05/25/2029 362.26 362.26 01/25/2027 Principal Paydown 3137FMCR1 146,836.27 FHMS K-093 A2 2.982 05/25/2029 170.66 170.66 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 3137FWG79 250,000.00 FHMS K-115 A2 1.383 06/25/2030 288.13 288.13 01/25/2027 Coupon 3137FX3Q9 250,000.00 FHMS K-117 A2 1.406 08/25/2030 292.92 292.92 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 January 2027 Total 69,823.38 41,691.45 111,514.82
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 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 Item 7.5
Monday, August 03, 2026 79 of 776
CONFIDENTIAL | 44
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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 02/01/2027 Coupon 91282CNN7 225,000.00 UNITED STATES TREASURY 3.875 07/31/2030 4,359.38 4,359.38 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 341.14 341.14 02/15/2027 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 5,904.76 5,904.76 02/15/2027 Coupon 43814YAD3 160,000.00 HAROT 2026-2 A3 4.3 11/15/2030 573.33 573.33 02/15/2027 Coupon 44935KAD5 120,000.00 HART 26B A3 4.81 02/18/2031 481.00 481.00 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 349.10 349.10 02/15/2027 Principal Paydown 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 6,849.01 6,849.01 02/15/2027 Coupon 47800RAD5 132,532.42 JDOT 2024 A3 4.96 11/15/2028 264.65 264.65 02/15/2027 Principal Paydown 47800RAD5 132,532.42 JDOT 2024 A3 4.96 11/15/2028 7,627.82 7,627.82 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 350.06 350.06 02/15/2027 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 4,967.91 4,967.91 02/15/2027 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 233.39 233.39 02/15/2027 Principal Paydown 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 3,491.87 3,491.87 02/15/2027 Coupon 89239TAD4 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 130.34 130.34 02/15/2027 Principal Paydown 89239TAD4 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 2,634.55 2,634.55 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 210.03 210.03 02/16/2027 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 3,483.50 3,483.50 02/16/2027 Coupon 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 131.83 131.83 02/16/2027 Principal Paydown 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 2,787.34 2,787.34 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 Item 7.5
Monday, August 03, 2026 80 of 776
CONFIDENTIAL | 45
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/16/2027 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 02/22/2027 Coupon 36275AAD1 70,000.00 GMALT 2026-2 A3 4.3 03/20/2029 250.83 250.83 02/22/2027 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 187.80 187.80 02/22/2027 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 10,930.70 10,930.70 02/22/2027 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 284.57 284.57 02/22/2027 Principal Paydown 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 9,658.52 9,658.52 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 248,342.43 BMWOT 2024-A A3 5.18 02/26/2029 676.76 676.76 02/25/2027 Principal Paydown 096919AD7 248,342.43 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 146,836.27 FHMS K-093 A2 2.982 05/25/2029 361.84 361.84 02/25/2027 Principal Paydown 3137FMCR1 146,836.27 FHMS K-093 A2 2.982 05/25/2029 170.96 170.96 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 02/25/2027 Coupon 3137FWG79 250,000.00 FHMS K-115 A2 1.383 06/25/2030 288.13 288.13 02/25/2027 Coupon 3137FX3Q9 250,000.00 FHMS K-117 A2 1.406 08/25/2030 292.92 292.92 February 2027
Total 73,442.61 74,960.92 148,403.52
MARCH 2027
03/01/2027 Coupon 91282CGP0 375,000.00 UNITED STATES TREASURY 4.0 02/29/2028 7,500.00 7,500.00 03/01/2027 Coupon 91282CKD2 375,000.00 UNITED STATES TREASURY 4.25 02/28/2029 7,968.75 7,968.75 03/01/2027 Coupon 91282CLK5 400,000.00 UNITED STATES TREASURY 3.625 08/31/2029 7,250.00 7,250.00 03/01/2027 Coupon 91282CNX5 500,000.00 UNITED STATES TREASURY 3.625 08/31/2030 9,062.50 9,062.50 03/09/2027 Coupon 3130B7QM9 500,000.00 FEDERAL HOME LOAN BANKS 3.5 09/09/2027 8,750.00 8,750.00 03/15/2027 Coupon 00287YDY2 125,000.00 ABBVIE INC 4.65 03/15/2028 2,906.25 2,906.25 03/15/2027 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 Item 7.5
Monday, August 03, 2026 81 of 776
CONFIDENTIAL | 46
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/15/2027 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 03/15/2027 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 318.46 318.46 03/15/2027 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 5,728.35 5,728.35 03/15/2027 Coupon 43814YAD3 160,000.00 HAROT 2026-2 A3 4.3 11/15/2030 573.33 573.33 03/15/2027 Coupon 44935KAD5 120,000.00 HART 26B A3 4.81 02/18/2031 481.00 481.00 03/15/2027 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 03/15/2027 Principal Paydown 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 2,405.47 2,405.47 03/15/2027 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 324.96 324.96 03/15/2027 Principal Paydown 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 4,985.35 4,985.35 03/15/2027 Coupon 47800RAD5 132,532.42 JDOT 2024 A3 4.96 11/15/2028 233.12 233.12 03/15/2027 Principal Paydown 47800RAD5 132,532.42 JDOT 2024 A3 4.96 11/15/2028 4,967.23 4,967.23 03/15/2027 Coupon 571748CA8 250,000.00 MARSH & MCLENNAN COMPANIES INC 4.65 03/15/2030 5,812.50 5,812.50
03/15/2027 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 03/15/2027 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 330.27 330.27 03/15/2027 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 4,827.45 4,827.45 03/15/2027 Coupon 79466LAQ7 140,000.00 SALESFORCE INC 4.5 03/15/2028 3,150.00 3,150.00 03/15/2027 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 220.76 220.76 03/15/2027 Principal Paydown 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 3,386.31 3,386.31 03/15/2027 Coupon 89239TAD4 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 120.68 120.68 03/15/2027 Principal Paydown 89239TAD4 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 2,560.35 2,560.35 03/15/2027 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 03/16/2027 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 196.61 196.61 03/16/2027 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 3,362.59 3,362.59 03/16/2027 Coupon 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 121.61 121.61 03/16/2027 Principal Paydown 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 2,708.45 2,708.45 03/22/2027 Coupon 36275AAD1 70,000.00 GMALT 2026-2 A3 4.3 03/20/2029 250.83 250.83 03/22/2027 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 146.08 146.08 03/22/2027 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 9,713.66 9,713.66 03/22/2027 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 251.01 251.01 03/22/2027 Principal Paydown 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 12,506.30 12,506.30 Item 7.5
Monday, August 03, 2026 82 of 776
CONFIDENTIAL | 47
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/22/2027 Coupon 459058LR2 125,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 2,578.13 2,578.13
03/25/2027 Coupon 096919AD7 248,342.43 BMWOT 2024-A A3 5.18 02/26/2029 612.29 612.29 03/25/2027 Principal Paydown 096919AD7 248,342.43 BMWOT 2024-A A3 5.18 02/26/2029 13,189.25 13,189.25 03/25/2027 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 03/25/2027 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 03/25/2027 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 03/25/2027 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 03/25/2027 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 03/25/2027 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 03/25/2027 Coupon 3137FMCR1 146,836.27 FHMS K-093 A2 2.982 05/25/2029 361.41 361.41 03/25/2027 Principal Paydown 3137FMCR1 146,836.27 FHMS K-093 A2 2.982 05/25/2029 210.91 210.91 03/25/2027 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 03/25/2027 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 03/25/2027 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 03/25/2027 Coupon 3137FWG79 250,000.00 FHMS K-115 A2 1.383 06/25/2030 288.13 288.13 03/25/2027 Coupon 3137FX3Q9 250,000.00 FHMS K-117 A2 1.406 08/25/2030 292.92 292.92 03/31/2027 Coupon 91282CFM8 350,000.00 UNITED STATES TREASURY 4.125 09/30/2027 7,218.75 7,218.75 03/31/2027 Coupon 91282CKG5 350,000.00 UNITED STATES TREASURY 4.125 03/31/2029 7,218.75 7,218.75 03/31/2027 Coupon 91282CLN9 400,000.00 UNITED STATES TREASURY 3.5 09/30/2029 7,000.00 7,000.00 03/31/2027 Coupon 91282CMU2 300,000.00 UNITED STATES TREASURY 4.0 03/31/2030 6,000.00 6,000.00 March 2027 Total 70,551.67 95,037.42 165,589.09
APRIL 2027
04/15/2027 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 04/15/2027 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 04/15/2027 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 296.45 296.45 04/15/2027 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 5,983.56 5,983.56 04/15/2027 Coupon 43814YAD3 160,000.00 HAROT 2026-2 A3 4.3 11/15/2030 573.33 573.33 04/15/2027 Coupon 44935KAD5 120,000.00 HART 26B A3 4.81 02/18/2031 481.00 481.00 04/15/2027 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 281.93 281.93 04/15/2027 Principal Paydown 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 4,997.67 4,997.67 04/15/2027 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 307.38 307.38 Item 7.5
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CONFIDENTIAL | 48
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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 04/15/2027 Principal Paydown 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 5,973.40 5,973.40 04/15/2027 Coupon 47800RAD5 132,532.42 JDOT 2024 A3 4.96 11/15/2028 212.59 212.59 04/15/2027 Principal Paydown 47800RAD5 132,532.42 JDOT 2024 A3 4.96 11/15/2028 6,256.94 6,256.94 04/15/2027 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 04/15/2027 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 311.04 311.04 04/15/2027 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 5,056.36 5,056.36 04/15/2027 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 208.52 208.52 04/15/2027 Principal Paydown 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 3,543.74 3,543.74 04/15/2027 Coupon 89239TAD4 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 111.29 111.29 04/15/2027 Principal Paydown 89239TAD4 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 2,646.46 2,646.46 04/15/2027 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 04/16/2027 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 183.67 183.67 04/16/2027 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 3,518.51 3,518.51 04/16/2027 Coupon 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 111.67 111.67 04/16/2027 Principal Paydown 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 2,817.26 2,817.26 04/16/2027 Coupon 459058LN1 350,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 6,781.25 6,781.25
04/19/2027 Coupon 61748UAK8 155,000.00 MORGAN STANLEY 4.133 10/18/2029 3,203.08 3,203.08 04/20/2027 Coupon 36275AAD1 70,000.00 GMALT 2026-2 A3 4.3 03/20/2029 250.83 250.83 04/20/2027 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 109.01 109.01 04/20/2027 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 9,499.28 9,499.28 04/20/2027 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 207.55 207.55 04/20/2027 Principal Paydown 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 14,076.92 14,076.92 04/21/2027 Coupon 38141GD27 105,000.00 GOLDMAN SACHS GROUP INC 4.153 10/21/2029 2,180.33 2,180.33
04/22/2027 Coupon 857477CP6 175,000.00 STATE STREET CORP 4.33 10/22/2027 3,788.75 3,788.75 04/26/2027 Coupon 096919AD7 248,342.43 BMWOT 2024-A A3 5.18 02/26/2029 555.35 555.35 04/26/2027 Principal Paydown 096919AD7 248,342.43 BMWOT 2024-A A3 5.18 02/26/2029 13,450.19 13,450.19 04/26/2027 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 04/26/2027 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 04/26/2027 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 04/26/2027 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 Item 7.5
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City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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 04/26/2027 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 04/26/2027 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 04/26/2027 Coupon 3137FMCR1 146,836.27 FHMS K-093 A2 2.982 05/25/2029 360.89 360.89 04/26/2027 Principal Paydown 3137FMCR1 146,836.27 FHMS K-093 A2 2.982 05/25/2029 171.69 171.69 04/26/2027 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 04/26/2027 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 04/26/2027 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 04/26/2027 Coupon 3137FWG79 250,000.00 FHMS K-115 A2 1.383 06/25/2030 288.13 288.13 04/26/2027 Coupon 3137FX3Q9 250,000.00 FHMS K-117 A2 1.406 08/25/2030 292.92 292.92 04/28/2027 Coupon 931142FN8 185,000.00 WALMART INC 4.35 04/28/2030 4,023.75 4,023.75 04/29/2027 Coupon 06051GJB6 300,000.00 BANK OF AMERICA CORP 2.592 04/29/2031 3,888.00 3,888.00 04/30/2027 Coupon 91282CJF9 375,000.00 UNITED STATES TREASURY 4.875 10/31/2028 9,140.63 9,140.63 04/30/2027 Coupon 91282CKP5 375,000.00 UNITED STATES TREASURY 4.625 04/30/2029 8,671.88 8,671.88 04/30/2027 Coupon 91282CLR0 400,000.00 UNITED STATES TREASURY 4.125 10/31/2029 8,250.00 8,250.00 04/30/2027 Coupon 91282CMZ1 500,000.00 UNITED STATES TREASURY 3.875 04/30/2030 9,687.50 9,687.50 April 2027 Total 77,991.97 71,966.37 149,958.34
MAY 2027
05/10/2027 Coupon 69371RT71 230,000.00 PACCAR FINANCIAL CORP 4.55 05/08/2030 5,232.50 5,232.50 05/17/2027 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 05/17/2027 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 05/17/2027 Coupon 14913UAU4 250,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.7 11/15/2029 5,875.00 5,875.00
05/17/2027 Coupon 30303MAB8 250,000.00 META PLATFORMS INC 4.2 11/15/2030 5,250.00 5,250.00 05/17/2027 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 273.47 273.47 05/17/2027 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 5,729.02 5,729.02 05/17/2027 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 170.12 170.12 05/17/2027 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 3,379.70 3,379.70 05/17/2027 Coupon 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 101.34 101.34 05/17/2027 Principal Paydown 38014AAD3 55,565.55 GMCAR 2024-4 A3 4.4 08/16/2029 2,491.78 2,491.78 05/17/2027 Coupon 43814YAD3 160,000.00 HAROT 2026-2 A3 4.3 11/15/2030 573.33 573.33 05/17/2027 Coupon 44935KAD5 120,000.00 HART 26B A3 4.81 02/18/2031 481.00 481.00 05/17/2027 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 263.77 263.77 Item 7.5
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City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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 05/17/2027 Principal Paydown 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 4,752.10 4,752.10 05/17/2027 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 286.33 286.33 05/17/2027 Principal Paydown 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 6,249.16 6,249.16 05/17/2027 Coupon 47800RAD5 132,532.42 JDOT 2024 A3 4.96 11/15/2028 186.73 186.73 05/17/2027 Principal Paydown 47800RAD5 132,532.42 JDOT 2024 A3 4.96 11/15/2028 6,310.04 6,310.04 05/17/2027 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 05/17/2027 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 290.90 290.90 05/17/2027 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 4,864.75 4,864.75 05/17/2027 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 195.70 195.70 05/17/2027 Principal Paydown 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 3,400.97 3,400.97 05/17/2027 Coupon 89239TAD4 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 101.58 101.58 05/17/2027 Principal Paydown 89239TAD4 57,127.36 TAOT 2024-D A3 4.4 06/15/2029 2,507.99 2,507.99 05/17/2027 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 05/20/2027 Coupon 36275AAD1 70,000.00 GMALT 2026-2 A3 4.3 03/20/2029 250.83 250.83 05/20/2027 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 72.75 72.75 05/20/2027 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 9,476.38 9,476.38 05/20/2027 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 158.63 158.63 05/20/2027 Principal Paydown 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 12,435.24 12,435.24 05/24/2027 Coupon 58933YCK9 85,000.00 MERCK & CO INC 4.65 05/22/2031 1,976.25 1,976.25 05/25/2027 Coupon 096919AD7 248,342.43 BMWOT 2024-A A3 5.18 02/26/2029 497.29 497.29 05/25/2027 Principal Paydown 096919AD7 248,342.43 BMWOT 2024-A A3 5.18 02/26/2029 12,981.52 12,981.52 05/25/2027 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 05/25/2027 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 05/25/2027 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 05/25/2027 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 05/25/2027 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 05/25/2027 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 05/25/2027 Coupon 3137FMCR1 146,836.27 FHMS K-093 A2 2.982 05/25/2029 360.46 360.46 05/25/2027 Principal Paydown 3137FMCR1 146,836.27 FHMS K-093 A2 2.982 05/25/2029 185.10 185.10 05/25/2027 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 05/25/2027 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 05/25/2027 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 Item 7.5
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City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/25/2027 Coupon 3137FWG79 250,000.00 FHMS K-115 A2 1.383 06/25/2030 288.13 288.13 05/25/2027 Coupon 3137FX3Q9 250,000.00 FHMS K-117 A2 1.406 08/25/2030 292.92 292.92 May 2027 Total 74,763.76 30,386.71 105,150.47
Grand Total 96,859,894.97 681,977.61 733,644.87 1,415,622.48 Item 7.5
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CONFIDENTIAL | 52
City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 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.
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City of Campbell | Account #11214 | As of June 30, 2026 Execution Time: 07/06/2026 11:29:39 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
BENCHMARK INDEX & DISCLOSURES
Benchmark Disclosure
ICE BofA 1-5 Yr US Treasury & Agency
Index
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.
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City Council Report
DATE: August 3, 2026
TITLE: Investment Report - Quarter Ending June 2026
RECOMMENDED ACTION:
That the City Council approve the Investment Report for the quarter ending June 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 June 30, 2026, the City’s pooled investment portfolio increased by $11.3 million, reaching a total balance of $68.0 million, as shown in Table 1. This growth was primarily driven by significant personal property tax receipts resulting from the county’s distribution calendar, which typically yields higher revenues in the fourth quarter.
The City earned $758,000 in interest during the quarter from its LAIF, CAMP, and BNY/Chandler investment accounts. Year-to-date interest earnings total $2.5 million for the fiscal year, exceeding the budgeted amount of $916,000 by 270 percent.
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. 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 June 2026 (Table 2) List of investments by institution- Qtr. ending June 2026 (Table 3) Reconciliation of pooled cash- Qtr. ending June 2026 (Table 4) Summary of Total Cash Invested- Qtr. ending June 2026 (Table 5) BNY Qtrly statement (Chandler)- Qtr. ending June 2026 (Attachment A) Cash flow projections for July 2026 through December 2026 (Attachment B) Actual Receipts & Disbursements -Qtr. ending June 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 July through December 2026 (see Attachment B).
As of June 30, 2026, the City held $49.9 million in liquid assets, including $3.3 million in cash on deposit and $46.6 million in highly liquid LAIF and CAMP funds. Of this total, $10.6 million was restricted within the Measure K sales tax escrow CAMP and the Measure O project bond LAIF accounts.
Over the next six months, staff projects a net operational cash outflow of $22.4 million, reducing total managed liquidity to $27.5 million by the end of June 2026. Of this amount, $16.4 million will be unrestricted funds across the City’s cash, LAIF, and CAMP money market accounts, while $11.1 million will be restricted solely in the Measure K escrow account, as the remaining Measure O bond project funds should be fully spent down. The large cash and money market decreases 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 large seasonal increase 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 June 2026.docx Attachments: Chandler QTRLY BNY Investment Statement- 6.30.26.pdf Cashflow projections.pdf
Actual Results.pdf
Final Approval Date: July 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 June 30, 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
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ECONOMIC UPDATE
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▪
▪
Energy prices and inflation remained the primary drivers of the macro backdrop as the U.S.-Israel-Iran conflict entered its third month, disrupting global oil supply. Headline CPI accelerated at the fastest pace in more than three years, reflecting volatility in the energy component. Crude oil, however, retraced roughly 20% from its May–early June peak as diplomatic progress between the United States and Iran pointed to a potential framework for de-escalation. The labor market remained resilient, with continued payroll growth and subdued jobless claims. Risk assets held firm, as equities hovered near record highs and credit spreads remained historically tight amid broadly better-than-expected corporate earnings. Taken together, the current market environment has further constrained the case for near-term monetary policy easing, leading the Chandler team to push out its expected timing for rate cuts beyond the six-month investment horizon.
The Federal Reserve’s June FOMC meeting ended with policymakers unanimously holding the target range at 3.50%–3.75%, a notable shift from the 8–4 split at April’s meeting, which marked Jerome Powell’s final session as Chair. Under new Chair Kevin Warsh, sworn in on May 22, the Committee released an unusually concise statement that referenced Middle East tensions and energy supply disruptions while removing prior forward guidance that had suggested a bias toward rate cuts. Updated projections leaned more hawkish, with 9 of 18 officials expecting at least one rate hike this year and 6 anticipating multiple increases. The shift signals that restoring price stability has reemerged as the central focus of monetary policy deliberations.
The Treasury yield curve flattened modestly in June as short-term yields responded to a more hawkish shift in Federal Reserve guidance.
The 2-year yield rose to 4.15% from 3.98% the prior month, while the 10-year yield edged down slightly to 4.44% from 4.45%. As a result, the 2s/10s spread narrowed to 29 basis points, down from roughly 47 basis points a month earlier and significantly below the 69 basis point spread at the start of the year. Meanwhile, the 3-month/10-year spread remained positive at 64 basis points. Front-end rates absorbed the bulk of the Fed’s updated rate outlook, while longer maturities were partly anchored by a late-month decline in oil prices.
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 (%)
Nonfarm payrolls increased by just 57,000 in June, well below the 113,000 consensus and marking a sharp slowdown from May’s pace. The unemployment rate edged down to 4.2%, though the decline was driven by a drop in labor force participation to 61.5%, its lowest level since March 2021. Revisions further weakened the report’s signal. April payrolls were revised down by 31,000 to 148,000, while May was lowered by 43,000 to 129,000, resulting in a combined two-month downward revision of 74,000.
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 were essentially unchanged at 7.6 million in May, remaining elevated by historical standards even as hiring momentum moderates. Gains in wholesale trade and accommodation and food services were offset by declines in health care and social assistance, as well as finance and insurance. April openings were revised down by 33,000 to 7.6 million, while hires were revised up by 99,000, highlighting ongoing churn but a broadly stable labor market backdrop.
Source: US Department of Labor
JOB OPENINGS & LABOR TURNOVER SURVEY
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Source: Bloomberg Indices Source: Bloomberg Indices
ENERGY MARKETS
Crude oil prices declined sharply in June as supply disruptions tied to the Middle East conflict began to ease. Tanker traffic through the Strait of Hormuz normalized, and signs of progress in U.S.–Iran negotiations helped unwind the geopolitical risk premium that had driven prices higher earlier in the year. West Texas Intermediate settled near $69.37 per barrel on June 30, while Brent crude closed around $72.96, both well below their recent peaks. Brent’s 21% monthly decline marked its steepest drop since March 2020, while WTI fell more than 20%, its largest monthly loss since late 2021. Beyond crude, broader energy markets also softened. Refined product cracks narrowed as gasoline and diesel demand showed signs of seasonal moderation, while U.S. natural gas prices remained range-bound amid ample storage and steady production. Taken together, the retracement in oil and broader energy prices reflects a rapid compression in geopolitical risk premia and improved near-term supply visibility, even as underlying structural risks in the region remain unresolved.
2.00 2.50
3.00 3.50
4.00 4.50
5.00 5.50
6.00 6.50
US Fuel Prices
Average Retail Price US Diesel
Average Retail Price US Gas
($) Per Gallon
40 60
80 100
120
140
160
Oil Prices
West Texas Intermediate (WTI Spot Cushing)
Dated Brent (Global Spot)
Price Per Barrel (WTI Spot)
6 Item 7.6
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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
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
Inflation firmed in May, with the Personal Consumption Expenditures (PCE) price index rising 0.4% on the month and 4.1% year over year, up from 3.8% in April and marking the highest annual rate of the current cycle. Core PCE, which excludes food and energy, increased 0.3% in May and 3.4% over the year. Energy prices remained the primary driver of the headline acceleration, reflecting supply disruptions tied to the Iranian conflict. A similar pattern was evident in the headline Consumer Price Index (CPI), which rose 0.5% on the month and 4.2% year over year, the fastest annual pace since 2023. Energy prices climbed 3.9% in May and 23.5% from a year earlier, largely due to crude oil reaching a four-year high. In contrast, core CPI rose a more modest 0.2% on the month and 2.9% year over year, indicating that inflation pressures remain concentrated in energy rather than broad-based.
Source: US Department of Labor Source: US Department of Commerce
INFLATION
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0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
Retail Sales YOY % Change
YOY (%) Change Retail sales rose a robust 0.9% in May to $763.7 billion, nearly double the pace economists had penciled in and an acceleration from April's downwardly revised 0.4% gain. The closely watched control group, which feeds directly into gross domestic product calculations, advanced
0.7%, pointing to durable underlying demand. Gasoline station receipts rose as energy prices stayed high, while auto sales rebounded after an April pullback. The Conference Board's Consumer Confidence Index ticked up 0.6 points to 91.2 in June, though the improvement masked a further deterioration in how households view the job market, with the share calling jobs ‘hard-to-get’ climbing to a five year high.
Spending has proven more resilient than sentiment across recent months. 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 Conference Board’s Leading Economic Index (LEI) edged up 0.1% in May to 99.3, following a revised 0.2% increase in April. Despite the monthly gains, the LEI’s six- and twelve-month growth rates remained negative at -0.6% and -1.5%, respectively. The advance was driven primarily by financial components, including equity prices and the interest rate spread, while consumer expectations continued to weigh on the index. The Chicago Fed National Activity Index fell to -0.10 in May from an upwardly revised 0.19 in April. Production-related and employment-related indicators each subtracted from the index, while the sales, orders, and inventories category made a small positive contribution.
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 declined sharply in May to a seasonally adjusted annual rate of 1,177,000, a 15.4% drop from a downwardly revised 1,392,000 in April. The pullback was driven primarily by multifamily construction, while single-family starts edged down a more modest
1.9% to 882,000; total multifamily starts came in at 295,000 units. The S&P CoreLogic Case-Shiller 20-City Composite rose 1.1% year over year in April, marking its first pickup since November 2025, following an upwardly revised 0.9% gain in March. Freddie Mac’s average 30- year fixed mortgage rate increased to 6.44% in May from 6.33% in April, reinforcing ongoing affordability constraints for prospective buyers.
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
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40 45
50 55
60 65
70 Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services
EXPANDING
CONTRACTING
Manufacturing activity cooled slightly in June, with the Institute for Supply Management's Manufacturing Index easing to 53.3%, down 0.7 percentage point from May but still marking a sixth consecutive month of expansion. Services activity also moderated, as the ISM Services Index eased to 54.0% from 54.5%, a twenty-fourth consecutive month in expansion territory. Business activity and new orders both slowed, though the employment component jumped to 51.2% from 47.9%, its strongest reading since late 2021 and the first expansion in services hiring in four months.
Source: Institute for Supply Management
PURCHASING MANAGERS INDEX (PMI)
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Components of GDP 6/25 9/25 12/25 3/26
1.7% 2.3% 1.3% 0.4%
-2.7% 0.0% 0.4% 1.4%
4.8% 1.6% -0.2% -0.4%
-0.4% 0.2% -1.2% 0.6%
0.3% 0.2% 0.2% 0.2%
3.8% 4.4% 0.5% 2.1%
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
State and Local (Consumption and Gross
Investment) -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 Real gross domestic product increased at an annualized rate of 2.1% in the first quarter of 2026, according to the Bureau of Economic Analysis’ third estimate, up from 1.6% in the prior estimate and an acceleration from 0.5% in the fourth quarter of 2025. The 0.5 percentage point upward revision was driven primarily by a downward revision to imports—which subtract from GDP—partly offset by a downward revision to consumer spending.
GROSS DOMESTIC PRODUCT (GDP)
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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 Open Market Committee (FOMC) held the target range for the federal funds rate at 3.50% to 3.75% at its June 16–17 meeting, with a unanimous 12–0 vote. This marked a notable shift from the April meeting—Jerome Powell’s last as chair—which saw four dissents in an 8–4 decision. The return to consensus under Chair Kevin Warsh signals a clear change in tone. Minutes from the June meeting are scheduled for release in early July. The June Summary of Economic Projections reflected a more hawkish outlook. The median projection for the federal funds rate at year-end 2026 rose to 3.8%, up from 3.4% in March, before easing to 3.6% in 2027 and 3.4% in 2028. Officials also revised their inflation forecasts, with headline PCE projected at 3.6% in 2026 (from 2.7%) and core PCE at 3.3%. By contrast, median projections for real GDP growth and the unemployment rate—2.2% and 4.3%, respectively—were little changed.
FEDERAL RESERVE
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
Effective Federal Funds Rate
Recession
Yield (%)
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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
Jun-26
Mar-26
Jun-25
Yield (%)
Treasury yields ended June mixed, with a modest flattening across the curve as markets digested a more hawkish Federal Reserve signal.
The 2-year yield rose to 4.15% from 3.98% at the end of May, while the 10-year yield edged down to 4.44% from 4.45%. The 2s/10s spread narrowed to 29 basis points, down from 47 basis points a month earlier. The 3-month/10-year spread remained positive at roughly 64 basis points at month-end. Relative to the 69 basis point spread at the start of 2026, the curve has flattened materially year to date, reflecting a repricing higher in front-end rates as expectations shift toward the possibility of further Fed tightening rather than easing.
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. 16 Item 7.6
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PORTFOLIO CHARACTERISTICS
City of Campbell | Account #11214 | As of June 30, 2026 Benchmark* 6/30/2026
Portfolio
3/31/2026
Portfolio
Average Maturity (yrs) 2.64 3.05 3.08
Average Modified Duration 2.46 2.57 2.61
Average Purchase Yield 4.19% 4.18%
Average Market Yield 4.16% 4.33% 4.05%
Average Quality** AA+ AA+ AA
Total Market Value 21,502,725 21,422,002
*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. 17 Item 7.6
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SECTOR DISTRIBUTION
City of Campbell | Account #11214 | As of June 30, 2026 Sector as a Percentage of Market Value
Sector 06/30/2026 03/31/2026
US Treasury 43.88% 45.01%
Corporate 27.19% 27.31%
Agency CMBS 12.83% 10.85%
ABS 10.06% 9.07%
Agency 2.33% 2.34%
Supras 2.21% 2.24%
Muni Bonds 0.97% 0.98%
Money Mkt Fd 0.54% 0.56%
Comm Paper -- 1.64%
18 Item 7.6
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ISSUERS
City of Campbell | Account #11214 | As of June 30, 2026 Issuer Investment Type % Portfolio
United States US Treasury 43.88%
Federal Home Loan Mortgage Corp Agency CMBS 12.83%
Federal Home Loan Banks Agency 2.33%
International Bank for Recon and Dev Supras 2.21%
Toyota Motor Corporation Corporate 1.86%
American Express Credit Master Trust ABS 1.74%
Bank of America Corporation Corporate 1.30%
JPMorgan Chase & Co. Corporate 1.25%
GM Financial Auto Leasing Trust ABS 1.20%
Nat Rural Util Coop Fin Corp Corporate 1.18%
Caterpillar Inc. Corporate 1.18%
Prologis, Inc. Corporate 1.18%
Cisco Systems, Inc. Corporate 1.18%
Marsh & McLennan Companies, Inc. Corporate 1.17%
BMW Vehicle Owner Trust ABS 1.17%
Realty Income Corporation Corporate 1.15%
Meta Platforms, Inc. Corporate 1.15%
Duke Energy Corporation Corporate 1.10%
Eli Lilly and Company Corporate 1.10%
John Deere Owner Trust ABS 1.09%
PACCAR Inc Corporate 1.08%
Deere & Company Corporate 1.07%
BNY Mellon Corp Corporate 1.05%
State of California Muni Bonds 0.97%
U.S. Bancorp Corporate 0.94%
Alphabet Inc. Corporate 0.92%
Walmart Inc. Corporate 0.87%
Mastercard Incorporated Corporate 0.84%
State Street Corporation Corporate 0.82%
American Express Company Corporate 0.79%
19 Item 7.6
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ISSUERS
City of Campbell | Account #11214 | As of June 30, 2026 Issuer Investment Type % Portfolio
Honda Auto Receivables Owner Trust ABS 0.75%
Morgan Stanley Corporate 0.72%
Salesforce, Inc. Corporate 0.66%
Visa Inc. Corporate 0.65%
Toyota Auto Receivables Owner Trust ABS 0.64%
GM Financial Securitized Term ABS 0.64%
Abbvie Inc. Corporate 0.59%
Ford Credit Auto Owner Trust ABS 0.56%
Hyundai Motor Company ABS 0.56%
Mercedes-Benz Auto Receivables Trust ABS 0.54%
Money Market Fund Money Mkt Fd 0.54%
WF Card Issuance Trust ABS 0.52%
NVIDIA Corporation Corporate 0.51%
The Goldman Sachs Group, Inc. Corporate 0.49%
Merck & Co., Inc. Corporate 0.40%
Hyundai Auto Receivables Trust ABS 0.38%
Mercedes-Benz Auto Lease Trust ABS 0.28%
Cash Cash 0.00%
TOTAL 100.00%
20 Item 7.6
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QUALITY DISTRIBUTION
City of Campbell | Account #11214 | As of June 30, 2026 S&P Rating Moody’s Rating Fitch Rating
Rating 06/30/2026 03/31/2026
AAA 11.28% 10.20%
AA 64.98% 62.63%
A 19.22% 20.85%
BBB 0.49% 0.49%
A-1 -- 1.62%
NA 4.03% 4.19%
Rating 06/30/2026 03/31/2026
Aaa 9.21% 9.08%
Aa 68.68% 66.23%
A 17.89% 19.63%
P-1 -- 1.62%
NA 4.22% 3.44%
Rating 06/30/2026 03/31/2026
AAA 17.76% 15.16%
AA 54.53% 57.47%
A 9.45% 9.51%
NA 18.25% 17.86%
21 Item 7.6
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DURATION DISTRIBUTION
City of Campbell | Account #11214 | As of June 30, 2026 Date 0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
06/30/2026 0.6% 0.0% 9.8% 20.4% 28.5% 34.1% 6.6% 0.0% 0.0% 03/31/2026 2.4% 0.0% 6.7% 22.6% 21.5% 36.1% 10.7% 0.0% 0.0% 22 Item 7.6
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INVESTMENT PERFORMANCE
City of Campbell | Account #11214 | As of June 30, 2026 Total Rate of Return: Inception | 03/01/2025
TOTAL RATE OF RETURN* 3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception City of Campbell 0.38% 3.11% 3.89%
Benchmark 0.24% 2.71% 3.47%
*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 23 Item 7.6
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PORTFOLIO HOLDINGS
24 Item 7.6
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HOLDINGS REPORT
City of Campbell | Account #11214 | As of June 30, 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 15,125.80 11/14/2024
4.63%
15,131.70
15,126.69
100.08
3.97%
15,138.26
31.13 0.07%
11.57 NA/AAA
AAA
1.21 0.12
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 95,000.00 05/20/20254.84%
94,998.42
94,999.00
100.23
4.29%
95,215.75
132.95
0.45%
216.75
NA/AAA
AAA
1.90 0.68
379965AD8 GMALT 2025-3 A3 4.17
08/21/2028 90,000.00 08/05/20254.18%
89,986.32
89,990.31
99.89 4.33%
89,896.68
114.68
0.42%
(93.63)
NA/AAA
AAA
2.14 0.94
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 132,532.42 02/20/2025
4.63%
133,329.69
132,939.13
100.37
4.44%
133,026.37
292.16
0.62%
87.24 Aaa/NA
AAA
2.38 0.65
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 248,342.43 --4.69%
250,922.87
249,733.23
100.51
4.33%
249,599.54
214.40
1.17%
(133.69)
Aaa/AAA
NA
2.66 0.56
36275AAD1 GMALT 2026-2 A3 4.3 03/20/2029 70,000.00 05/05/2026
4.40%
69,992.43
69,992.78
99.86 4.43%
69,898.92
75.25 0.33%
(93.86)
NA/AAA
AAA
2.72 1.57
89239TAD4 TAOT 2024-D A3 4.4 06/15/2029 57,127.36 10/10/2024
4.51%
57,124.17
57,125.34
100.05
4.37%
57,158.15
111.72
0.27%
32.82 Aaa/AAA
NA
2.96 0.72
02589BAE0 AMXCA 2024-3 A 4.65 07/15/2027 200,000.00 02/20/2025
4.57%
200,546.88
200,237.15
100.45
4.24%
200,908.20
413.33
0.94%
671.05
NA/AAA
AAA
1.04 0.99
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029 120,000.00 11/19/20244.66%
119,996.15
119,997.46
100.30
4.32%
120,361.44
245.87
0.56%
363.98
Aaa/NA
AAA
3.13 0.90
38014AAD3 GMCAR 2024-4 A3 4.4
08/16/2029 55,565.55 10/08/20244.32%
55,554.84
55,558.62
100.08
4.31%
55,612.61
101.87
0.26%
53.99 Aaa/AAA
NA
3.13 0.62
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 100,000.00 03/04/2025
5.09%
99,993.71
99,995.53
99.88 4.35%
99,876.10
188.00
0.47%
(119.43)
Aaa/NA
AAA
3.22 1.47
92970QAE5 WFCIT 2024-2 A 4.29 10/15/2029 110,000.00 10/17/2024
4.29%
109,983.65
109,989.18
100.06
4.28%
110,066.22
209.73
0.52%
77.04 Aaa/AAA
NA
3.29 1.23
89231HAD8 TAOT 2025-B A3 4.34 11/15/2029 65,000.00 04/24/2025
4.82%
64,996.28
64,997.24
100.04
4.35%
65,023.40
125.38
0.30%
26.16 NA/AAA
AAA
3.38 1.20
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029 80,000.00 01/09/20255.03%
79,994.06
79,995.82
100.26
4.32%
80,206.08
154.00
0.38%
210.26
Aaa/NA
AAA
3.47 0.73
58773DAD6 MBART 2025-1 A3 4.78
12/17/2029 115,000.00 01/14/20254.84%
114,975.54
114,982.70
100.44
4.32%
115,503.93
244.31
0.54%
521.23
Aaa/NA
AAA
3.47 0.86
44935XAD7 HART 2025-B A3 4.36 12/17/2029 80,000.00 06/03/2025
4.36%
79,992.78
79,994.46
100.03
4.37%
80,024.56
155.02
0.38%
30.10 NA/AAA
AAA
3.47 1.20
25 Item 7.6
Monday, August 03, 2026 121 of 776
HOLDINGS REPORT
City of Campbell | Account #11214 | As of June 30, 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
58770YAD3 MBALT 2026-A A3 3.93
01/15/2030 60,000.00 01/13/20263.97%
59,988.10
59,989.42
99.21 4.40%
59,527.98
104.80
0.28%
(461.44)
Aaa/NA
AAA
3.54 1.78
02582JKP4 AMXCA 2025-2 A 4.28 04/15/2030 170,000.00 05/06/2025
4.28%
169,996.92
169,997.63
99.90 4.38%
169,828.64
323.38
0.80%
(168.99)
NA/AAA
AAA
3.79 1.69
43814YAD3 HAROT 2026-2 A3 4.3 11/15/2030 160,000.00 05/05/2026
3.02%
159,995.38
159,995.52
99.74 4.46%
159,590.88
305.78
0.75%
(404.64)
Aaa/AAA
NA
4.38 2.14
44935KAD5 HART 26B A3 4.81 02/18/2031 120,000.00 06/09/2026
4.86%
119,985.52
119,985.64
100.24
4.44%
120,288.48
224.47
0.56%
302.84
NA/AAA
AAA
4.64 2.20
2,147,485.41 100.14 2,146,752.19 10.06% 3.01
Total ABS 2,143,693.55 4.48% 2,145,622.83 4.35% 3,768.21 1,129.35 1.16 AGENCY
3130B7QM9 FEDERAL HOME LOAN BANKS 3.5
09/09/2027 500,000.00 09/23/20253.63%
498,795.00
499,266.89
99.27 4.13%
496,338.50
5,444.44
2.33%
(2,928.39)
Aa1/AA+
AA+
1.19 1.14
498,795.00 99.27 496,338.50 2.33% 1.19
Total Agency 500,000.00 3.63% 499,266.89 4.13% 5,444.44 (2,928.39) 1.14
AGENCY CMBS
3137FJEH8 FHMS K-081 A2 3.9 08/25/2028 250,000.00 11/21/2024
4.53%
244,335.94
246,788.68
98.79 4.41%
246,968.00
812.50
1.16%
179.32
Aa1/AA+
AAA
2.15 1.99
3137FJKE8 FHMS K-082 A2 3.92 09/25/2028 250,000.00 06/10/2025
4.27%
246,992.19
247,971.77
98.81 4.41%
247,029.00
816.67
1.16%
(942.77)
Aa1/AA+
AAA
2.24 2.02
3137FKSH0 FHMS K-086 A2 3.859 11/25/2028 150,000.00 09/18/2024
3.82%
150,005.86
150,003.34
98.57 4.43%
147,858.60
482.38
0.69%
(2,144.74)
Aaa/AA+
AA+
2.41 2.20
3137FLN91 FHMS K-091 A2 3.505 03/25/2029 300,000.00 11/14/2024
4.62%
287,074.22
291,945.16
97.59 4.43%
292,779.00
876.25
1.37%
833.84
Aa1/AAA
AA+
2.73 2.45
3137FMCR1 FHMS K-093 A2 2.982 05/25/2029 146,836.27 10/16/2024
4.15%
139,907.44
142,497.89
96.24 4.43%
141,313.61
364.89
0.66%
(1,184.28)
Aa1/AA+
AAA
2.90 2.54
3137FNAE0 FHMS K-095 A2 2.785 06/25/2029 250,000.00 03/13/2025
4.39%
234,707.03
239,386.52
95.51 4.43%
238,767.75
580.21
1.12%
(618.77)
Aa1/AA+
AAA
2.99 2.70
3137FPHK4 FHMS K-098 A2 2.425 08/25/2029 300,000.00 10/17/2024
4.26%
276,445.31
284,778.59
94.24 4.43%
282,714.90
606.25
1.33%
(2,063.69)
Aa1/AA+
AAA
3.15 2.88
26 Item 7.6
Monday, August 03, 2026 122 of 776
HOLDINGS REPORT
City of Campbell | Account #11214 | As of June 30, 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
3137FRUJ8 FHMS K-105 A2 1.872 01/25/2030 275,000.00 03/17/2025
4.43%
244,868.16
252,935.49
91.68 4.44%
252,131.00
429.00
1.18%
(804.49)
Aa1/AA+
AAA
3.57 3.32
3137FWG79 FHMS K-115 A2 1.383 06/25/2030 250,000.00 06/17/2026
4.39%
222,822.27
222,973.36
88.98 4.45%
222,452.50
288.13
1.04%
(520.86)
Aa1/AA+
AAA
3.99 3.75
3137FX3Q9 FHMS K-117 A2 1.406 08/25/2030 250,000.00 06/03/2026
4.46%
221,455.08
221,888.44
88.69 4.46%
221,732.25
292.92
1.04%
(156.19)
Aa1/AA+
AAA
4.15 3.88
3137F62M8 FHMS K-118 A2 1.493 09/25/2030 250,000.00 01/29/2026
4.03%
223,632.81
226,025.53
88.83 4.46%
222,068.25
311.04
1.04%
(3,957.28)
Aa1/AA+
AAA
4.24 3.94
3137F83Q4 FHMS K-121 A2 1.547 10/25/2030 250,000.00 01/08/2026
4.00%
223,603.52
226,194.12
88.68 4.46%
221,701.50
322.29
1.04%
(4,492.62)
Aa1/AA+
AAA
4.32 4.06
2,715,849.83 93.87 2,737,516.36 12.83% 3.24
Total Agency CMBS 2,921,836.27 4.31% 2,753,388.90 4.44% 6,182.51 (15,872.54) 2.98 CASH
CCYUSD Receivable 509.68 -- 509.68
509.68
1.00 509.68
0.00 0.00%
0.00 Aaa/AAA
AAA
0.00 0.00
509.68 1.00 509.68 0.00% 0.00
Total Cash 509.68 509.68 0.00 0.00 0.00
CORPORATE
857477CP6 STATE STREET CORP 4.33
10/22/2027 175,000.00 11/07/20244.54%
173,976.25
174,546.06
100.02
4.31%
175,043.40
1,452.35
0.82%
497.34
Aa3/A
AA1.311.25
17275RBW1 CISCO SYSTEMS INC 4.55
02/24/2028 250,000.00 03/11/20254.32%
251,557.50
250,850.09
100.37
4.31%
250,916.25
4,012.85
1.18%
66.16 A1/AANA1.65
1.47 00287YDY2 ABBVIE INC 4.65 03/15/2028 125,000.00 02/18/2025
4.70%
124,833.75
124,906.94
100.43
4.38%
125,537.63
1,711.46
0.59%
630.68
A2/ANA1.71
1.53 79466LAQ7 SALESFORCE INC 4.5 03/15/2028 140,000.00 03/12/2026
4.37%
140,339.50
140,286.45
99.87 4.57%
139,823.32
1,890.00
0.66%
(463.13)
A2/A+
NA
1.71 1.60
06406RBG1 BANK OF NEW YORK MELLON
CORP 3.992 06/13/2028 225,000.00 09/05/20244.31%
223,128.00
224,356.85
99.61 4.61%
224,118.00
449.10
1.05%
(238.85)
Aa3/A
AA1.960.92
46647PDG8 JPMORGAN CHASE & CO 4.851
07/25/2028 150,000.00 08/12/20244.62%
150,933.00
150,337.30
100.29
5.07%
150,435.60
3,153.15
0.71%
98.30 A1/A
AA2.071.01
27 Item 7.6
Monday, August 03, 2026 123 of 776
HOLDINGS REPORT
City of Campbell | Account #11214 | As of June 30, 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
46647PEU6 JPMORGAN CHASE & CO 4.915
01/24/2029 115,000.00 01/16/20254.92%
115,000.00
115,000.00
100.49
4.53%
115,557.98
2,465.01
0.54%
557.98
A1/A
AA2.571.46
91159HJK7 US BANCORP 4.653 02/01/2029 200,000.00 09/05/2024
4.47%
201,116.00
200,520.74
100.07
4.71%
200,140.00
3,877.50
0.94%
(380.74)
A3/A
A+
2.59 1.48
756109CW2 REALTY INCOME CORP 3.95
02/01/2029 250,000.00 01/07/20264.01%
249,577.50
249,643.14
98.51 4.57%
246,277.50
4,114.58
1.15%
(3,365.64)
A3/ANA2.59
2.39 24422EXT1 JOHN DEERE CAPITAL CORP 4.85
06/11/2029 225,000.00 08/12/20244.40%
229,338.00
227,647.58
101.25
4.39%
227,817.68
606.25
1.07%
170.09
A1/A
A+
2.95 2.71
025816EJ4 AMERICAN EXPRESS CO 4.351
07/20/2029 170,000.00 07/21/20254.35%
170,000.00
170,000.00
99.49 4.56%
169,130.62
3,307.97
0.79%
(869.38)
A2/AA3.05
1.90 89236TMK8 TOYOTA MOTOR CREDIT CORP
4.55 08/09/2029 225,000.00 08/12/20244.49%
225,567.00
225,353.21
99.96 4.56%
224,912.93
4,038.13
1.05%
(440.28)
A1/A+
A+
3.11 2.82
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 235,000.00 08/12/2024
4.22%
234,769.70
234,856.22
99.48 4.38%
233,770.72
3,756.08
1.10%
(1,085.51)
Aa3/AANA3.12
2.85 26442CAY0 DUKE ENERGY CAROLINAS LLC
2.45 08/15/2029 250,000.00 12/18/20244.72%
226,517.50
234,239.10
93.99 4.54%
234,969.75
2,313.89
1.10%
730.65
Aa3/A
NA
3.13 2.93
61748UAK8 MORGAN STANLEY 4.133
10/18/2029 155,000.00 10/17/20254.25%
155,019.50
155,015.00
98.64 4.70%
152,884.25
1,299.02
0.72%
(2,130.75)
A1/AA+3.30
2.15 38141GD27 GOLDMAN SACHS GROUP INC
4.153 10/21/2029 105,000.00 10/14/20254.37%
105,000.00
105,000.00
98.59 4.72%
103,519.50
847.90
0.49%
(1,480.50)
A2/BBB+
A
3.31 2.15
14913UAU4 CATERPILLAR FINANCIAL SERVICES
CORP 4.7 11/15/2029 250,000.00 11/12/20244.74%
249,592.50
249,724.84
100.77
4.45%
251,930.50
1,501.39
1.18%
2,205.66
A1/A
A+
3.38 3.07
89236TNA9 TOYOTA MOTOR CREDIT CORP
4.95 01/09/2030 170,000.00 01/06/20255.00%
169,636.20
169,743.39
101.15
4.59%
171,951.26
4,020.50
0.81%
2,207.87
A1/A+
A+
3.53 3.13
63743HFX5
NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP 4.95
02/07/2030
250,000.00
02/20/2025
4.90%
250,550.00
250,397.14
101.05
4.63%
252,634.50
4,950.00
1.18%
2,237.36
A2/NA
A
3.61 3.14
571748CA8 MARSH & MCLENNAN
COMPANIES INC 4.65 03/15/2030 250,000.00 03/24/20254.67% 249,755.00
249,817.46
99.90 4.68%
249,747.25
3,422.92
1.17%
(70.21)
A3/AA3.71
3.32 931142FN8 WALMART INC 4.35 04/28/2030 185,000.00 04/23/2025
4.39%
184,679.95
184,755.14
100.19
4.29%
185,355.94
1,408.31
0.87%
600.80
Aa2/AA
AA
3.83 3.40
69371RT71 PACCAR FINANCIAL CORP 4.55
05/08/2030 230,000.00 05/05/20254.59%
229,643.50
229,725.30
100.63
4.37%
231,458.66
1,540.68
1.08%
1,733.36
A1/A+
NA
3.85 3.48
28 Item 7.6
Monday, August 03, 2026 124 of 776
HOLDINGS REPORT
City of Campbell | Account #11214 | As of June 30, 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
30303MAB8 META PLATFORMS INC 4.2
11/15/2030 250,000.00 11/13/20254.16%
250,482.50
250,421.68
98.43 4.60%
246,078.25
1,341.67
1.15%
(4,343.43)
Aa3/AANA4.38
3.93 74340XCQ2 PROLOGIS LP 4.75 01/15/2031 250,000.00 01/14/2026
4.22%
255,812.50
255,271.73
100.51
4.62%
251,286.50
5,475.69
1.18%
(3,985.23)
A2/A
NA
4.54 3.89
92826CAZ5 VISA INC 4.1 02/12/2031 140,000.00 02/03/2026
4.13%
139,812.40
139,826.68
98.91 4.36%
138,474.98
2,216.28
0.65%
(1,351.70)
Aa3/AANA4.62
4.09 02079KBK2 ALPHABET INC 4.1 02/15/2031 200,000.00 02/12/2026
4.10%
200,011.33
200,010.43
98.26 4.52%
196,516.00
3,143.33
0.92%
(3,494.43)
Aa2/AA+
NA
4.63 4.10
06051GJB6 BANK OF AMERICA CORP 2.592
04/29/2031 300,000.00 05/20/20265.02%
275,859.00
276,407.66
92.28 5.02%
276,825.30
1,339.20
1.30%
417.64
A1/AAA4.83
3.56 58933YCK9 MERCK & CO INC 4.65 05/22/2031 85,000.00 05/18/2026
4.66%
84,947.30
84,948.45
100.16
4.61%
85,138.98
428.19
0.40%
190.52
Aa3/A+
NA
4.89 4.31
57636QBL7 MASTERCARD INC 4.6 06/08/2031 180,000.00 06/04/2026
4.62%
179,856.00
179,857.81
99.85 4.63%
179,723.34
529.00
0.84%
(134.47)
Aa3/A+
NA
4.94 4.36
67066GAR5 NVIDIA CORP 4.5 06/15/2031 110,000.00 06/15/2026
4.54%
109,791.00
109,792.49
99.65 4.58%
109,610.60
178.75
0.51%
(181.89)
Aa1/AA
NA
4.96 4.39
Total Corporate 5,845,000.00 4.49%
5,807,102.38
5,813,258.88
99.30 4.56%
5,801,587.17
70,791.16
27.19%
(11,671.72)
3.34 2.79
MONEY MARKET
FUND
X9USDDGCM BNY DREYFUS GVT CM INST 114,342.50 --
3.55%
114,342.50
114,342.50
1.00 3.55%
114,342.50
0.00 0.54%
0.00 Aaa/AAAm
NA
0.00 0.00
Total Money Market
Fund 114,342.50 3.55%
114,342.50
114,342.50
1.00 3.55%
114,342.50
0.00 0.54%
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
205,703.79
100.46
4.34%
205,941.36
3,843.75
0.97%
237.57
Aa2/AAAA3.09
2.80 Total Municipal
Bonds 205,000.00 4.38%
206,080.35
205,703.79
100.46
4.34%
205,941.36
3,843.75
0.97%
237.57
3.09 2.80
SUPRANATIONAL
29 Item 7.6
Monday, August 03, 2026 125 of 776
HOLDINGS REPORT
City of Campbell | Account #11214 | As of June 30, 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
459058LN1
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
350,000.00
12/13/2024
4.29%
343,689.50
345,698.85
99.00 4.20%
346,511.55
2,824.50
1.62%
812.70
Aaa/AAA
NA
3.30 3.03
459058LR2
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
125,000.00
03/14/2025
4.20%
124,553.75
124,668.12
99.70 4.21%
124,623.50
1,446.61
0.58%
(44.62)
Aaa/AAA
NA
3.72 3.38
Total Supranational 475,000.00 4.27%
468,243.25
470,366.97
99.19 4.20%
471,135.05
4,271.11
2.21%
768.08
3.41 3.12
US TREASURY
91282CKV2 UNITED STATES TREASURY 4.625
06/15/2027 300,000.00 05/28/20263.90%
302,214.84
302,023.51
100.48
4.10%
301,443.90
606.56
1.41%
(579.61)
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
376,701.85
100.25
4.13%
375,937.13
7,568.63
1.76%
(764.72)
Aa1/AA+
AA+
1.04 0.99
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 350,000.00 10/31/20244.17%
349,521.48
349,794.73
99.97 4.14%
349,904.45
3,629.10
1.64%
109.72
Aa1/AA+
AA+
1.25 1.19
91282CPS4 UNITED STATES TREASURY 3.375
12/31/2027 300,000.00 05/28/20264.01%
297,105.47
297,269.88
98.86 4.17%
296,566.50
27.51 1.39%
(703.38)
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
375,726.76
99.73 4.16%
374,004.00
5,013.59
1.75%
(1,722.76)
Aa1/AA+
AA+
1.67 1.57
91282CHK0 UNITED STATES TREASURY 4.0
06/30/2028 350,000.00 08/20/20243.76%
353,007.81
351,558.34
99.69 4.16%
348,919.90
38.04 1.64%
(2,638.44)
Aa1/AA+
AA+
2.00 1.90
91282CNU1 UNITED STATES TREASURY 3.625
08/15/2028 250,000.00 01/29/20263.60%
250,156.25
250,130.66
98.91 4.17%
247,265.75
3,404.70
1.16%
(2,864.91)
Aa1/AA+
AA+
2.13 1.99
91282CJF9 UNITED STATES TREASURY 4.875
10/31/2028 375,000.00 08/08/20243.85%
389,765.63
383,157.44
101.54
4.17%
380,771.63
3,079.99
1.78%
(2,385.81)
Aa1/AA+
AA+
2.34 2.17
91282CPP0 UNITED STATES TREASURY 3.5
12/15/2028 250,000.00 01/29/20263.62%
249,169.92
249,290.08
98.45 4.17%
246,132.75
382.51
1.15%
(3,157.33)
Aa1/AA+
AA+
2.46 2.32
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 375,000.00 11/26/20244.21%
375,585.94
375,366.87
100.21
4.17%
375,776.25
5,326.94
1.76%
409.38
Aa1/AA+
AA+
2.67 2.46
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 350,000.00 11/18/20244.31%
347,498.05
348,423.13
99.88 4.17%
349,589.80
3,629.10
1.64%
1,166.67
Aa1/AA+
AA+
2.75 2.55
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 375,000.00 08/08/20243.84%
387,583.01
382,542.51
101.20
4.17%
379,482.38
2,922.04
1.78%
(3,060.14)
Aa1/AA+
AA+
2.83 2.61
30 Item 7.6
Monday, August 03, 2026 126 of 776
HOLDINGS REPORT
City of Campbell | Account #11214 | As of June 30, 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
91282CEV9 UNITED STATES TREASURY 3.25
06/30/2029 350,000.00 11/18/20244.31%
334,591.80
339,981.01
97.43 4.17%
341,017.60
30.91 1.60%
1,036.59
Aa1/AA+
AA+
3.00 2.82
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 350,000.00 08/20/20243.70%
354,634.77
352,891.27
99.52 4.17%
348,331.90
5,839.78
1.63%
(4,559.37)
Aa1/AA+
AA+
3.08 2.82
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 400,000.00 --3.60%
400,687.50
400,350.33
98.40 4.17%
393,593.60
4,846.47
1.84%
(6,756.73)
Aa1/AA+
AA+
3.17 2.92
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 400,000.00 --4.09%
389,617.18
393,076.14
97.97 4.17%
391,875.20
3,519.13
1.84%
(1,200.94)
Aa1/AA+
AA+
3.25 3.01
91282CLR0 UNITED STATES TREASURY 4.125
10/31/2029 400,000.00 --4.33%
396,388.68
397,543.66
99.84 4.18%
399,359.20
2,779.89
1.87%
1,815.54
Aa1/AA+
AA+
3.34 3.06
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 400,000.00 12/11/20244.09%
400,546.88
400,376.24
99.84 4.17%
399,375.20
1,397.54
1.87%
(1,001.04)
Aa1/AA+
AA+
3.42 3.14
91282CMD0 UNITED STATES TREASURY 4.375
12/31/2029 400,000.00 --4.45%
398,679.69
399,067.06
100.64
4.17%
402,578.00
47.55 1.89%
3,510.94
Aa1/AA+
AA+
3.50 3.21
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030 300,000.00 04/07/20253.75%
303,375.00
302,541.46
99.36 4.18%
298,089.90
3,016.39
1.40%
(4,451.56)
Aa1/AA+
AA+
3.75 3.41
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 500,000.00 09/16/20253.57%
506,425.78
505,331.95
98.92 4.18%
494,590.00
3,264.27
2.32%
(10,741.95)
Aa1/AA+
AA+
3.83 3.50
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030 350,000.00 06/09/20254.08%
348,742.19
349,009.54
99.32 4.19%
347,634.70
1,185.79
1.63%
(1,374.84)
Aa1/AA+
AA+
3.92 3.58
91282CNK3 UNITED STATES TREASURY 3.875
06/30/2030 325,000.00 07/29/20253.95%
323,933.59
324,133.10
98.84 4.19%
321,242.35
34.22 1.51%
(2,890.75)
Aa1/AA+
AA+
4.00 3.66
91282CNN7 UNITED STATES TREASURY 3.875
07/31/2030 225,000.00 08/26/20253.77%
226,081.05
225,895.97
98.82 4.19%
222,345.68
3,636.83
1.04%
(3,550.29)
Aa1/AA+
AA+
4.08 3.68
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 500,000.00 09/16/20253.58%
500,937.50
500,788.76
97.83 4.20%
489,160.00
6,058.08
2.29%
(11,628.76)
Aa1/AA+
AA+
4.17 3.77
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030 150,000.00 12/09/20253.77%
148,154.30
148,360.62
97.20 4.20%
145,792.95
444.67
0.68%
(2,567.67)
Aa1/AA+
AA+
4.42 4.03
91282CPR6 UNITED STATES TREASURY 3.625
12/31/2030 350,000.00 01/29/20263.82%
347,033.20
347,284.29
97.64 4.21%
341,755.75
34.48 1.60%
(5,528.54)
Aa1/AA+
AA+
4.50 4.10
Total US Treasury 9,425,000.00 3.93%
9,437,794.93
9,428,617.15
99.35 4.17%
9,362,536.45
71,764.71
43.88%
(66,080.70)
2.93 2.70
31 Item 7.6
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HOLDINGS REPORT
City of Campbell | Account #11214 | As of June 30, 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
Total Portfolio 21,630,382.00 4.19%
21,396,203.33
21,431,077.59
98.19 4.33%
21,336,659.25
166,065.91
100.00%
(94,418.34)
3.05 2.57
Total Market Value +
Accrued 21,502,725.16
32 Item 7.6
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TRANSACTIONS
33 Item 7.6
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TRANSACTION LEDGER
City of Campbell | Account #11214|04/01/2026 Through 06/30/2026| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 05/13/2026 43814YAD3 160,000.00 HAROT 2026-2 A3 4.3 11/15/2030 99.997 3.02% (159,995.38) 0.00 (159,995.38) 0.00 Purchase 05/14/2026 36275AAD1 70,000.00 GMALT 2026-2 A3 4.3 03/20/2029 99.989 4.40% (69,992.43) 0.00 (69,992.43) 0.00 Purchase 05/21/2026 06051GJB6 300,000.00
BANK OF AMERICA
CORP 2.592
04/29/2031
91.953 5.02% (275,859.00) (475.20) (276,334.20) 0.00
Purchase 05/22/2026 58933YCK9 85,000.00 MERCK & CO INC 4.65 05/22/2031 99.938 4.66% (84,947.30) 0.00 (84,947.30) 0.00 Purchase 05/29/2026 91282CKV2 300,000.00
UNITED STATES
TREASURY 4.625
06/15/2027
100.738 3.90% (302,214.84) (6,289.49) (308,504.33) 0.00 Purchase 05/29/2026 91282CPS4 300,000.00
UNITED STATES
TREASURY 3.375
12/31/2027
99.035 4.01% (297,105.47) (4,167.47) (301,272.94) 0.00
Purchase 06/08/2026 3137FX3Q9 250,000.00 FHMS K-117 A2 1.406 08/25/2030 88.582 4.46% (221,455.08) (68.35) (221,523.43) 0.00 Purchase 06/08/2026 57636QBL7 180,000.00 MASTERCARD INC 4.6 06/08/2031 99.920 4.62% (179,856.00) 0.00 (179,856.00) 0.00 Purchase 06/17/2026 44935KAD5 120,000.00 HART 26B A3 4.81 02/18/2031 99.988 4.86% (119,985.52) 0.00 (119,985.52) 0.00 Purchase 06/18/2026 67066GAR5 110,000.00 NVIDIA CORP 4.5 06/15/2031 99.810 4.54% (109,791.00) 0.00 (109,791.00) 0.00 Purchase 06/23/2026 3137FWG79 250,000.00 FHMS K-115 A2 1.383 06/25/2030 89.129 4.39% (222,822.27) (211.29) (223,033.56) 0.00 Total Purchase 2,125,000.00 (2,044,024.29) (11,211.80) (2,055,236.09) 0.00 TOTAL
ACQUISITIONS 2,125,000.00 (2,044,024.29) (11,211.80) (2,055,236.09) 0.00
DISPOSITIONS
Maturity 05/26/2026 62479MES8 (350,000.00)
MUFG Bank, Ltd.,
New York Branch
05/26/2026
100.000 3.99% 350,000.00 0.00 350,000.00 0.00
Total Maturity (350,000.00) 350,000.00 0.00 350,000.00 0.00 34 Item 7.6
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TRANSACTION LEDGER
City of Campbell | Account #11214|04/01/2026 Through 06/30/2026| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Sale 05/08/2026 89115A3E0 (225,000.00)
TORONTO-DOMINION
BANK 4.861
01/31/2028
100.853 4.86% 226,919.25 2,977.36 229,896.61 1,919.25
Sale 05/12/2026 06368MJG0 (100,000.00) BANK OF MONTREAL
5.004 01/27/2029 100.851 5.01% 100,851.00 1,459.50 102,310.50 851.00 Sale 05/21/2026 06051GMK2 (150,000.00)
BANK OF AMERICA
CORP 4.979
01/24/2029
100.649 4.98% 150,973.50 2,427.26 153,400.76 973.50
Sale 05/21/2026 06051GLG2 (150,000.00)
BANK OF AMERICA
CORP 5.202
04/25/2029
101.137 4.69% 151,705.50 563.55 152,269.05 374.82
Sale 06/04/2026 91282CJC6 (375,000.00)
UNITED STATES
TREASURY 4.625
10/15/2026
100.316 3.90% 376,186.52 2,369.36 378,555.88 242.53
Sale 06/18/2026 91282CKE0 (350,000.00)
UNITED STATES
TREASURY 4.25
03/15/2027
100.277 3.86% 350,970.70 3,840.01 354,810.71 12.35
Total Sale (1,350,000.00) 1,357,606.47 13,637.04 1,371,243.51 4,373.45 TOTAL
DISPOSITIONS (1,700,000.00) 1,707,606.47 13,637.04 1,721,243.51 4,373.45 35 Item 7.6
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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.
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.
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.
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 yieldsrepresent the most recently available Daily Effective Yield and may reflect data from approximately 7–10 days prior to month-end. 36 Item 7.6
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BENCHMARK DISCLOSURES
Benchmark Disclosure
ICE BofA 1-5 Yr US Unsubordinated
Treasury & Agency Index
The ICE BofA 1-5 Year US Unsubordinated 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. 37 Item 7.6
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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 Outstanding checks 1,791,363 Environmental Services Fees 15,000 Bills & Claims 3,400,000 Franchise Fees 15,000 Bills & Claims- Meas O 400,000
Other Taxes 60,000 Wire payments- Lathrop retention escr 20,000 Licenses and Permits 775,000 Payroll 1,800,000
Fines/Forfeitures/Penalties 15,000 CalPERS- health & retirement pmts 700,000 Intergovernmental--Gas Taxes 340,000 Mission Square retirement payments 150,000 Intergovernmental--Other incl RPTTF 45,000 Other charges & bank fees 19,000 Investment earnings & interest 254,000 Meas K sales tax escrow deposit 580,000 Charges for Current Services 530,000 Plan JPA Insurance (annual premium) 2,027,049 Sales & Use Tax 1,415,000 Annual prepaid CalPERS pension liabi 7,467,293 Sales & Use Tax- MEAS K 580,000 Annual Cambrian Annexation 199,577 Transient Occupancy Tax (monthly) 400,000
Miscellaneous Receipts 170,000
Misc Rec- JPA/798 65,000
Sub-total (Receipts) 4,949,000 Sub-total (Expenditure) 18,554,282 Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. 13,605,282 Available for investment. - Total $ 18,554,282 Total $ 18,554,282
Item 7.6
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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 Wire payments- Lathrop retention escrow 10,000 Licenses and Permits 555,000 MEAS O debt service wire pmts 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 70,000 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) 5,234,000 Sub-total (Expenditure) 7,451,725 Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. 2,217,725 Available for investment. - Total $ 7,451,725 Total $ 7,451,725
Item 7.6
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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 Wire payments- Lathrop retention escr 3,788 Licenses and Permits 640,000 Payroll 1,800,000
Fines/Forfeitures/Penalties 15,000 LRB & TARB debt service payments 1,670,376 Intergovernmental--Gas Taxes 175,000 CalPERS 875,000
Intergovernmental--Other incl RPTTF 585,000 Mission Square retirement contribution 75,000 Investment earnings & interest 70,000 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
4,685,000 Sub-total (Expenditure) 8,999,921
Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. 4,314,921 Available for investment. - Total $ 8,999,921 Total $ 8,999,921
Item 7.6
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Cashflow Projections for the Month of October 2026
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Ren 265,000 Bills & Claims 2,400,000 Environmental Services Fees 44,000 Bills & Claims- Meas O 800,000 Franchise Fees 10,000 Payroll 1,800,000
Property Taxes 865,000 CalPERS- Health & Retirement pmts 750,000 Other Taxes 62,000 Mission Square Retirement payments 75,000 Licenses and Permits 661,000 Sales & Use Tax- MEAS K escrow depos 580,000 Fines/Forfeitures/Penalties 16,000 Other charges & bank fees 28,000 Intergovernmental--Gas Taxes 119,000
Intergovernmental--Other incl RPT 536,000
Investment earnings & interest 246,000
Charges for Current Services 451,000
Sales & Use Tax 1,174,000
Sales & Use Tax- MEAS K 580,000
Transient Occupancy Tax (monthly) 363,000
Miscellaneous Receipts 71,000
Misc Rec- JPA/798 143,000
Sub-total (Receipts) 5,606,000 Sub-total (Expenditure) 6,433,000 Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. 827,000 Available for investment. - Total $ 6,433,000 Total $ 6,433,000
Item 7.6
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Cashflow Projections for the Month of November 2026
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Rentals 210,000 Bills & Claims 4,000,000 Environmental Services Fees 31,000 Bills & Claims- Meas O 800,000 Franchise Fees 92,000 Payroll 1,800,000
Property Taxes 3,027,000 CalPERS 750,000
Other Taxes 54,000 Mission Square retirement contribut 75,000 Licenses and Permits 429,000 Lathrop retention withheld Escrow d 2,000 Fines/Forfeitures/Penalties 87,000 Meas K sales tax escrow deposit 580,000 Intergovernmental--Gas Taxes 96,000 Other charges & bank fees 28,000 Intergovernmental--Other incl RPTTF 242,000
Investment earnings & interest 70,000
Charges for Current Services 341,000
Sales & Use Tax 1,521,000
Sales & Use Tax- MEAS K 580,000
Transient Occupancy Tax (monthly) 395,000
Parkland Dedication fee 429,000
Miscellaneous Receipts 466,000
Misc Rec- JPA/798 85,000
Sub-total (Receipts) 8,155,000 Sub-total (Expenditure) 8,035,000 Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. Available for investment. 120,000 Total $ 8,155,000 Total $ 8,155,000
Item 7.6
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Cashflow Projections for the Month of December 2026
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Rentals 226,000 Bills & Claims 3,900,000 Environmental Services Fees 43,000 Bills & Claims- Meas O 924,243 Property Taxes 3,084,000 Payroll 2,700,000
Other Taxes 76,000 CalPERS 800,000
Licenses and Permits 456,000 Mission Square retirement contrib 75,000 Fines/Forfeitures/Penalties 11,000 Meas K sales tax escrow deposit 580,000 Intergovernmental--Gas Taxes 108,000 Other charges & bank fees 25,000 Intergovernmental--Other incl RPTTF 155,000
Investment earnings & interest 70,000
Charges for Current Services 580,000
Sales & Use Tax 1,590,000
Sales & Use Tax- MEAS K 580,000
Transient Occupancy Tax 243,000
Miscellaneous Receipts 61,000
Misc Rec- JPA/798 164,000
7,447,000 Sub-total (Expenditure) 9,004,243
Amount withdrew from Investments 1,557,243 Amount of expected revenue to cover this month's expenditures. Available for investment. - Total $ 9,004,243 Total $ 9,004,243
Item 7.6
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Actual Results for the Month of April 2026
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Rentals 252,375 Outstanding Checks 706,226 Environmental Services Fees 44,592 Bills & Claims 1,981,292 Franchise Fees 813,264 Bills & Claims- Meas O 475,000
Property Taxes 3,615,266 Payroll 1,682,122
Other Taxes 75,899 CalPERS- Health & Retirement pmts 846,790 Licenses and Permits 567,489 Mission Square Retirement payments 149,283 Fines/Forfeitures/Penalties 4,185 Sales & Use Tax- MEAS K escrow deposit 420,475 Intergovernmental--Gas Taxes 87,494 Other charges & bank fees 2,044 Intergovernmental--Other incl RPTTF 678,567
Investment earnings & interest 233,390
Charges for Current Services 640,151
Sales & Use Tax 1,132,747
Sales & Use Tax- MEAS K 420,475
Transient Occupancy Tax (monthly) 461,987
Misc Receipts- Library Grant & Park fees 441,123
Misc Rec- JPA/798 4,514
Sub-total (Receipts) 9,473,517 Sub-total (Expenditure) 6,263,232 Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. - Available for investment. 3,210,285 Total $ 9,473,517 Total $ 9,473,517
Item 7.6
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Actual Results for the Month of May 2026
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Rentals 325,543 Bills & Claims 2,889,457 Environmental Services Fees 30,792 Bills & Claims- Meas O 734,152 Franchise Fees 92,229 Payroll 1,745,588
Property Taxes 3,611,712 CalPERS- Health & Retirement pmts 683,511 Other Taxes 69,014 Mission Square retirement contributions 148,406 Licenses and Permits 549,858 Meas K sales tax escrow deposit 615,892 Fines/Forfeitures/Penalties 10,126 Other charges & bank fees 11,095 Intergovernmental--Gas Taxes 91,997
Intergovernmental--Other incl RPTTF 197,450
Investment earnings & interest 66,888
Charges for Current Services 855,442
Sales & Use Tax 1,491,327
Sales & Use Tax- MEAS K 615,892
Transient Occupancy Tax (monthly) 397,282
Miscellaneous Receipts 67,218
Misc Rec- JPA/798 83,944
Sub-total (Receipts) 8,556,714 Sub-total (Expenditure) 6,828,101 Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. - Available for investment. 1,728,613 Total $ 8,556,714 Total $ 8,556,714
Item 7.6
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Actual Results for the Month of June 2026
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Rentals 333,896 Bills & Claims 4,913,898 Environmental Services Fees 246,075 Bills & Claims- Meas O 669,000 Property Taxes 6,333,026 Payroll 1,982,646
Other Taxes 43,090 CalPERS 659,853
Licenses and Permits 813,769 Mission Square retirement contributions 140,461 Fines/Forfeitures/Penalties 10,184 Meas K sales tax escrow deposit 616,455 Intergovernmental--Gas Taxes 119,010 Other charges & bank fees 23,778 Intergovernmental--Other incl RPTTF 1,854,956
Investment earnings & interest 66,000
Charges for Current Services 448,619
Sales & Use Tax 1,521,650
Sales & Use Tax- MEAS K 616,455
Transient Occupancy Tax 176,329
Miscellaneous Receipts 486,718
Misc Rec- JPA/798 82,269
Spec Assessment 587,876
Sub-total (Receipts) 13,739,920 Sub-total (Expenditure) 9,006,091 Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. - Available for investment. 4,733,829 Total $ 13,739,920 Total $ 13,739,920
Item 7.6
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City Council Report
DATE: August 3, 2026
TITLE: Resolution Approving Agreement with Trio Community Meals, LLC to Provide Catered Meals for the Senior Nutrition Program for Fiscal Year 2026-27 (Resolution/Roll Call Vote)
RECOMMENDED ACTION:
That the City Council adopt a Resolution approving the Seventh Amendment to the Agreement with Trio Community Meals, LLC to provide catered meals for the Senior Nutrition Program for Fiscal Year 2026-27 and authorize the City Manager to execute the Amendment.
BACKGROUND
The City of Campbell (City) has a long-standing partnership with Trio Community Meals, LLC (formerly Bateman Community Living, LLC) to provide catered meals for the City’s Senior Nutrition Program. In addition, Trio Community Meals, LLC is designated as an approved caterer by the County of Santa Clara (County), through the County’s competitive bid process, for the provision of food services for both the City’s and the County’s Senior Nutrition Programs.
The City first entered into an agreement (Agreement) with Trio Community Meals, LLC to provide catered meals for the City’s program on July 1, 2019. The Agreement provided that Trio Community Meals, LLC would provide catered meals, at a rate of $5.28 per meal and that staff would direct the total number of meals delivered based on actual need. Each year since then the Agreement was amended to reflect the updated costs to provide service. The most recent Sixth Amendment was approved on July 1, 2025 to increase the meal rate charged per meal to $6.34 and extend the term through June 30, 2026.
DISCUSSION
The City would like to continue using Trio Community Meals, LLC to provide catered meals for the City’s Senior Nutrition Program through Fiscal Year (FY) 2026-27.
Therefore, staff is recommending the approval of the Seventh Amendment to the Agreement to continue providing meals two days per week, with rate charge at $6.58 per meal (increase of $.24 per meal), a total compensation amount of $44,218.00, and to extend the term of the Agreement from July 1, 2026 through June 30, 2027.
Item 7.7
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FISCAL IMPACT
The City shares the cost for the Senior Nutrition Program’s catered meals with the County of Santa Clara. The total FY 2026-27 meal quantities from Trio Community Meals, LLC will be directed by staff based on need and are estimated to cost up to approximately $44,218.00 in the upcoming fiscal year. Funds have been included in the FY 2026-27 Adopted Budget and are included in the Recreation & Community Services Department, Senior Nutrition Division (Acct. No. 101.525.7432).
ALTERNATIVES
1. Do not authorize the City Manager to execute the Seventh Amendment to the Agreement with Trio Community Meals, LLC and not be able to provide meals to seniors in need.
2. Do not authorize the City Manager to execute the Seventh Amendment to the Agreement and provide alternative direction to staff.
PREPARED BY:
Kevin Marts, Recreation Coordinator
Tina Wong-Erling, Recreation Supervisor
Item 7.7
Monday, August 03, 2026 144 of 776
Report Approval Details
Document Title: FY 2026-27 Trio Council Report.docx
Attachments: Council Resolution Trio Community Meals FY 2026-2027.docx FY 2026-2027 Budget Justification (2).pdf
Campbell Adult Center - Amendment #7 - 2026-07-01 (1).pdf Final Approval Date: July 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 7.7
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RESOLUTION NO. ________
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL
AUTHORIZING THE CITY MANAGER TO EXECUTE SEVENTH AMENDMENT
WITH TRIO COMMUNITY MEALS, LLC TO PROVIDE CATERED MEALS FOR THE SENIOR NUTRITION PROGRAM FOR FISCAL YEAR 2026-2027
WHEREAS, the City of Campbell recognizes the need for a nutritious meal program for senior citizens in Campbell; and
WHEREAS, Trio Community Living, LLC is designated by the County as an approved caterer of meals for the City/County Senior Nutrition Program for Fiscal Year 2026-27; and
WHEREAS, the Amendment with Trio Community Living, LLC is required to clarify the obligations of each party and to continue meal service two days per week; an increase in the rate charged per meal from $6.34 to $6.58 per meal; and, an extension of the term of the Agreement from July 1, 2026 through June 30, 2027.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Campbell does hereby authorize the City Manager to execute the Amendment with Trio Community Living, LLC to continue to provide meals for the Senior Nutrition Program for FY 26-27.
PASSED AND ADOPTED this 3rd day of August 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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Additional Information for SNP FY 2026-2027 Budget Justification Agency Name:
Site Location:
#REF! #REF! 17,430
# of Daily Meals Serving Days Annual Meals
A B C D
Fee for Service Budget Justification*
Personnel Costs Total Program Cost Agency Amount** SCC Contract Amount Salaries $ 90,800.00 $ 90,800.00 $ -
Volunteer Hours (in-kind) $ 45,286.00 $ 45,286.00 $ -
Payroll Taxes $ 1,316.00 $ 1,316.00 $ -
Retirement Contribution $ 7,873.00 $ 7,873.00 $ -
Health Insurance $ 24,773.00 $ 24,773.00 $ -
Other Fringe Benefits $ 5,921.00 $ 5,921.00 $ -
Subtotal Personnel Costs $ 175,969.00 $ 175,969.00 $ -
Operating Expenses
Food Costs @ $6.89/meal $ 120,147.30 $ 27,370.90 $ 92,776.40 Non-Food Costs @ $0.294/meal $ 5,121.20 $ 2,560.60 $ 2,560.60 In-Kind Donations (Food, non-food, rent, etc.) $ - $ -
Rent $ -
Facility Usage Costs (Utilities, property insurance, etc.) $ 7,200.00 $ 7,200.00 Office Supplies (paper, printing postage, software) $ - Staff Mileage/Transporation $ 236.00 $ 118.00 $ 118.00
Equipment & Repairs
(Required to notify RD prior to purchase or repair) $ - Fiscal (bookeeping, audit, banking, permits fees) $ -
Other $ 3,850.00 $ 1,925.00 $ 1,925.00
Subtotal Operating Expenses $ 136,554.50 $ 31,974.50 $ 104,580.00 INDIRECT COSTS (maximum 15% of SCC Contract Amount or federally approved indirect rate) Administrative Overhead (Indirect Costs) $ -
Grand Total $ 312,523.50 $ 207,943.50 $ 104,580.00
Unit cost (approximate)*: $ 17.93 $ 11.93 $ 6.00
Food Cost per Meal: $ 6.89 $ 1.57 $ 5.32
Food Cost as Percent of Unit Cost (Minimum of 25% less $.25 for SCC funding)**: 38% 13% 89% City of Campbell
SNP Congregate Meals
*Actual expenses must be reconciled to the amount of the County per meal reimbursement quarterly and at year end.
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AMENDMENT #7 TO THE FOOD SERVICE AGREEMENT
This Amendment is made and entered into by and between Campbell Adult Center (“Client”), and TRIO Community Meals, LLC (“Company”) (collectively “the Parties”).
WHEREAS, the Parties have entered into a certain Food Service Agreement (the “Agreement”), effective July 1, 2019;
WHEREAS, the Parties have agreed to extend the Agreement with a pricing adjustment; and WHEREAS, the Parties now desire to amend said Agreement upon the terms and conditions stated herein.
NOW, THEREFORE, the Parties, intending to be legally bound hereby, mutually agree as follows:
1. Term. This Agreement shall be extended for an additional year beginning July 1, 2026.
2. Payment Arrangement. In consideration for services provided to the Client, Company will charge the Client $6.58 per bulk meal, plus applicable sales tax.
3. Change in Conditions. The financial terms set forth in this Agreement, and all other obligations assumed by Company hereunder, are based on conditions in existence on the date Company commences operations including, without limitation, population; labor costs; tariffs; applicable Governmental Rules; food and supply costs; provision of equipment and utilities; state of the Premises; and federal, state and local sales, use and excise taxes (the “Conditions”). Further, Client acknowledges that in connection with the negotiation and execution of this Agreement, Company has relied upon Client’s representations regarding existing and future conditions (the “Representations”). In the event of change in the Conditions, inaccuracy of the Representations, or if Client requests any significant change in the Food Services as provided under this Agreement, the financial terms and other obligations assumed by Company shall be renegotiated to reflect a proportionate increase in Company’s charges to the Client. Company will provide a thirty (30) day notice of such increased charges.
4. All capitalized terms not defined herein shall have the meanings given to such terms in the Agreement.
5. To the extent there is any inconsistency between the Agreement and this Amendment, the provisions of this Amendment shall prevail with respect to matters expressly set forth in this Amendment, and the Agreement shall prevail with respect to all other matters. No representations, inducements, or agreements, oral or in writing, between the parties with respect to such matters, unless contained in the Agreement or this Amendment, shall be of any force or effect.
6. Except as expressly amended herein, all other terms of the Agreement are hereby ratified and confirmed and will continue in full force and effect, and the parties hereby ratify and confirm the terms of the Agreement, as modified by this Amendment.
7. Counterparts; Electronic Delivery. This Amendment may be signed in one or more counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same document with the same effect as if such signatures were upon the same instrument.
Counterparts may be delivered via facsimile, electronic mail (including PDF or any electronic Item 7.7
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signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com), or other transmission method, and any counterpart so delivered will be deemed to have been duly and validly delivered and be valid and effective for all purposes. This Amendment may be executed electronically.
This Amendment is effective as of July 1, 2026.
CLIENT: Campbell Adult Center COMPANY: TRIO Community Meals, LLC Signature: Signature:
Name: Name: John Kirk
Title: Title: President
Date: Date:
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City Council Report
DATE: August 3, 2026
TITLE: Accepting Improvements for the Campbell Community Center Skate Park Renovation Project No. 25-OO, File Notice of Completion, and Other Associated Actions
RECOMMENDED ACTION:
That the City Council adopt a resolution for: 1) accepting the improvements for the Campbell Community Center Skate Park Renovation Project No. 25-OO; 2) directing the City Engineer to file the Notice of Completion; and 3) authorizing the Finance Director to return associated budget surplus back to the Park Dedication Fund.
BACKGROUND
On November 2024, the City entered into a formal agreement with American Ramp Company (ARC), a nationally recognized firm specializing in skate park planning and construction, to lead the design and related preliminary work for the renovation of the Community Center Skate Park Renovation project. ARC worked with the staff, providing design iterations that were presented to the community.
On December 16, 2025, the City executed a construction agreement with ARC to provide prefabricated skate park features based on the designs presented to the community.
Construction activities for the Community Center Skate Park began on March 9 and were completed on March 30, 2026.
DISCUSSION
The Project replaced the existing aged skate park infrastructure with new prefabricated features that offered a safe and exciting user experience by removing the open framed features and providing lower ramps and a refreshed layout with new obstacles.
On March 30, 2026, staff performed the final inspection. On April 10, 2026, the Skate Park was officially re-opened to the community. The project was completed in accordance with the approved plans and specifications.
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FISCAL IMPACT
The Project was completed under budget as outlined below:
SOURCE OF FUNDS
Adopted
Budget
American Rescue Plan Act $100,000
Park Dedication Fund $320,000
TOTAL $420,000
USE OF FUNDS
Budget Actual
Design and Site Preparation $49,943 $25,811
Construction Contract $370,057 $371,560
TOTAL $420,000 $397,371
Total Project Savings: $22,629
The total adopted budget of $420,000 was approved by the adopted Resolution #13343 on November 4, 2025. The actual total cost after project completion resulted in a project savings of $22,629.
The saving is due to a lower actual expenditure on the site preparation of the project. Site preparation was completed by existing City maintenance staff. Staff recommends returning the budget surplus of $22,629 back to the Park Dedication Fund.
RETENTION
In accordance with the City’s General Provisions Section 9-2.06B ‘Retention’, the City is withholding $17,311 in retention as security for fulfillment of the contract by the contractor.
This amount is 5% of the total estimated value of work.
Retention balances are released 35 days following the filing of the Notice of Completion with the Santa Clara County Recorder’s Office.
The proposed Resolution has been prepared for: 1) accepting the improvements for the Campbel Community Center Skate Park Renovation Project No. 25-OO; 2) directing the City Engineer to file the Notice of Completion; and 3) authorizing the Finance Director to return the associated budget surplus back to the Park Dedication Fund.
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ALTERNATIVES
Do not accept improvements and budget adjustments and direct staff accordingly.
PREPARED BY: Francisco Castellanos, Senior Project Manager Item 7.8
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Report Approval Details
Document Title: Report - Accepting Accepting Improvements for the Campbell Community Center Skate Park Renovation Project .docx
Attachments: Resolution - 260803_25OO_Project Acceptance .docx 25-OO - Notice of Completion.docx
Final Approval
Date:
July 29, 2026
This document and all of its attachments were approved and signed as outlined below:
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RESOLUTION NO. ________
ACCEPT THE IMPROVEMENTS FOR THE CAMPBELL COMMUNITY CENTER SKATE PARK RENOVATION PROJECT 25-OO; DIRECT THE CITY ENGINEER TO FILE THE NOTICE OF COMPLETION; AND AUTHORIZE THE FINANCE DIRECTOR
TO RETURN ASSOCIATED BUDGET SURPLUS BACK TO THE PARK DEDICATION FUND
WHEREAS, as a heavily used amenity, the skate park has long exceeded its intended lifespan and its existing ramps no longer meet ASTM Safety Standards; and WHEREAS, at the July 2, 2024 meeting, City Council expressed desire to advance the schedule of the Community Center Skate Park Renovation project which was previously approved under the Parkland Fund and to be started in FY 2026 in the amount of $320,000; and
WHEREAS, at the November 19, 2024 City Council meeting, the City Council approved a budget adjustment to allocate $100,000 of the remaining American Rescue Plan Act (ARPA) funds to the Community Center Skate Park Renovation project; and WHEREAS, in November 2024, the City entered into a formal agreement with American Ramp Company (ARC), to lead the design and related preliminary work for the renovation of the Community Center Skate Park Renovation project; and WHEREAS, with the approval of the FY 2026 CIP on June 17, 2025, Project No. 25-OO was fully funded ($420,000) and ARC provided a quote for equipment and installation services in the amount of $370,057; and
WHEREAS, on December 16, 2025, the City entered into a construction agreement with ARC in amount of $370,057; and
WHEREAS, Construction of the project started on March 9, 2026, and was completed on March 30, 2026; and
WHEREAS, the site preparation for the project was completed by existing City maintenance staff lowering the actual expenditure on the site preparation leading to savings of $22,629; and
WHEREAS, staff recommends returning the associated budget surplus of $22,629 back to the Park Dedication Fund.
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NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Campbell hereby 1) accept the improvements for the Campbell Community Center Skate Park Renovation Project No. 25-OO; 2) direct the City Engineer to file the Notice of Completion; and 3) authorize the Finance Director to return associated budget surplus back to the Park Dedication Fund.
PASSED AND ADOPTED this day of August 2026, by the following roll call vote:
AYES: Councilmembers:
NOES: Councilmembers:
ABSENT: Councilmembers:
APPROVED:
Dan E. Furtado, Mayor
ATTEST:
___________________________
Andrea Sanders, City Clerk
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Revised 1/23/17
Recording Requested by
and when recorded, mail to:
City of Campbell
City Clerk’s Office
70 North First Street, City Hall – Upper Level
Campbell, CA 95008
(408) 866-2150
CITY OF CAMPBELL
NOTICE OF COMPLETION AND ACCEPTANCE
OF PUBLIC WORKS CONTRACT
(C.C.C. 3093)
This document is for the benefit of the City of Campbell. Request for the Recordation without fee is made in accordance with Section 6103 of the Government Code of the State of California.
Contractor’s Name: American Ramp Company Contract Date: 12/16/2025 Surety: Western Surety Company Final Contract
Amount: $371,559.82
Job Title: Campbell Community Center Skatepark Renovation Project No. 25-OO Location: Campbell Community Center
1 W Campbell Ave, Campbell, CA 95008
Scope of Work: Skatepark renovation to include installation of prefabricated skatepark obstacles including half pipes, bank ramps, wedges, grind rails, pyramid section, quarter pipes, bowled corners, pyramid corners, Julia’s curb, grindboxes, spines, and skate benches.
Owner: City of Campbell, City Hall, 70 North Street, Campbell, CA 95008 This work was accepted by me on 7/16/2026, on behalf of the City of Campbell. I certify under penalty of perjury that the foregoing is true and correct. (C.C.P. 2015.5)
Executed on 8/4/2026,
at Campbell, California
Amy Olay, Director
Department of Public Works
City of Campbell
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City Council Report
DATE: August 3, 2026
TITLE: Continued Public Hearing to Consider Adoption of an Interim Ordinance Superseding a Prior Interim Ordinance Implementing Senate Bill (SB) 450 (2024), as Modified by Assembly Bill (AB) 1061 (2025). (Ordinance; 4/5 Roll Call Vote)
RECOMMENDED ACTION:
It is recommended that the City Council adopt an interim ordinance superseding Interim Ordinance No. 2321 and revising regulations applicable to single-family residential development and urban lot splits, including updated objective design standards consistent with the direction provided by the Council.
ENVIRONMENTAL DETERMINATION
The proposed interim ordinance is not a project under the California Environmental Quality Act (CEQA) pursuant to Government Code Sections 65852.21(k) and 66411.7(n).
BACKGROUND
On July 7, 2026, the City Council considered an interim ordinance that would supersede Interim Ordinance No. 2321 and revise the City’s regulations governing single-family residential development and urban lot splits. The proposed ordinance responded to recent changes in State housing law, including Senate Bill 450 and Assembly Bill 1061, and included revisions to the applicability of the law to certain historic properties, subdivision standards, accessory-structure regulations, legacy Planned Development permits, urban lot split procedures, and related definitions. The prior staff report provides the legislative and procedural background for those amendments and is included as Attachment 2.
As presented at the prior hearing, staff recommended eliminating the objective architectural design standards applicable to single-family residential development within the San Tomas Area and Campbell Village neighborhoods. Staff’s recommendation reflected concerns that the standards were prescriptive, difficult to administer consistently, and created an inequity because certain higher-density housing projects may proceed under State housing laws with fewer architectural constraints than conventional single-family residential development.
However, the Council provided staff feedback requesting Item 8.1
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• That the City maintain objective design standards in the two neighborhoods historically subject to design review, and
• The ordinance revises the driveway setback standards applicable to single-family residential properties.
The public hearing was continued to allow staff to modify the interim ordinance as requested and return for further Council review.
DISCUSSION
Consistent with the City Council’s direction, staff revised the draft interim ordinance to retain the objective single-family residential design standards applicable within the San Tomas Area and Campbell Village neighborhoods. However, rather than simply restoring the existing provisions without modification, staff used the continuance to reorganize the standards into a table format and add clarification notes addressing definitions, measurement methods, applicability, and administration, to support easier implementation. The revised section also distinguishes how the standards apply to new dwellings, additions, exterior alterations, reconstruction, and ordinary maintenance and repair. Although the standards have been restructured and refined, they remain materially similar to the current requirements and are intended to achieve the same general design outcomes.
Collectively, the standards are intended to encourage traditional residential forms, materials, and proportions and to discourage highly contemporary designs that would be inconsistent with the established character of the San Tomas Area and Campbell Village neighborhoods.
The revised table organizes the standards into three general categories:
1. Materials and Colors. The standards govern exterior wall colors, wall materials, and roofing materials.
2. Building Form. These standards govern roof form and pitch, plate height, finished-floor height, and columns and pillars.
3. Architectural Features. These standards govern front entryways, front doors, porches, patio covers, upper-story windows, balconies and decks, and garages.
The following excerpt illustrates the revised table format:
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As described below under Alternative, the Council may also consider adoption of an ordinance that only applies the objective design standards in San Tomas and Campbell Village to new dwellings, but not additions and remodels. This represents an approach of only applying the objective standards when a new house is built or “rebuilt”, similar to when other regulations apply to new residences (electrification, fire sprinklers), but not enforcing the standards on simple home additions.
Lastly, pursuant to Council direction, the proposed ordinance includes a limited revision to the driveway setback requirement applicable to single-family residential properties. The Municipal Code generally requires driveways to be set back five feet from a side property line. As directed by the Council, the revised ordinance allows a driveway serving a singlefamily residential property to extend to the side property line where surface runoff is prevented from flowing onto the adjoining property by sloping the driveway away from the property line, installing a drainage system, or using pervious pavers designed to infiltrate runoff.
FISCAL IMPACT
The proposed revisions are not expected to result in any additional fiscal impacts beyond those identified in the prior staff report. The revised subdivision standards may facilitate urban lot split applications that might not otherwise satisfy the City’s current standards, potentially resulting in additional application, permit, development impact, and park in-lieu fee revenue.
PUBLIC COMMENT
Staff sent an email to individuals who had expressed interest in the pending ordinance update advising them of the meeting and potential changes. Correspondence received is included as Attachment 3.
ALTERNATIVE
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Instead of adopting the proposed interim ordinance as presented, the City Council may adopt the alternative ordinance included as Attachment 4, under which the objective design standards would apply only to the construction of new single-family dwellings within the San Tomas Area Neighborhood Plan and Campbell Village Neighborhood Plan areas. Additions to and exterior alterations of existing single-family dwellings within those areas would be entirely exempt from those standards.
PREPARED BY: Daniel Fama, Senior Planner
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Report Approval Details
Document
Title:
Report - Continued Public Hearing to Consider Adoption of an Interim Ordinance Superseding a Prior Interim Ordinance Implementing Senate Bill (SB) 450 (2024), as Modified by Assembly Bill (AB) 1061 (2025).docx.docx
Attachments: Attachment 1 - Draft SB-450 Interim Ordinance (With Design Standards).docx
Attachment 2 - City Council Staff Report, dated July 7, 2026.pdf Attachment 3 - Public Comment_Redacted.pdf
Attachment 4 - Alternative Draft SB-450 Interim Ordinance (Design Standards for New Homes Only).docx
Final Approval
Date:
July 29, 2026
This document and all of its attachments were approved and signed as outlined below:
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Ordinance No. _____
BEING AN INTERIM ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CAMPBELL ADOPTING URGENCY MEASURES IMPLEMENTING SENATE BILL NO. 450, AS FURTHER MODIFIED BY ASSEMBLY BILL NO. 1061 (2025), SUPERSEDING
AND REPLACING PRIOR INTERIM REGULATIONS AND INCORPORATING REVISED
UNIFORM OBJECTIVE ZONING, SUBDIVISION, AND DESIGN STANDARDS FOR THE SINGLE-FAMILY RESIDENTIAL ZONING DISTRICT. (FILE NO. PLN-2026-41) WHEREAS, on September 16, 2021, the Governor of the State of California signed into law Senate Bill No. 9, "An act to amend Section 66452.6 of, and to add Sections 65852.21 and 66411.7 to, the California Government Code, relating to land use," which requires ministerial approval of a housing development of no more than two units in a single-family zone (proposed housing development), the subdivision of a parcel zoned for residential use into two parcels (urban lot split), or both.
WHEREAS, on September 19, 2024, the Governor of the State of California signed into law Senate Bill No. 450, "An act to amend Sections 65852.21 and 66411.7 of the California Government Code, relating to land use," which prohibits the imposition of nonuniform objective zoning, design, and subdivision standards on proposed housing developments and urban lot splits in single-family residential zones, establishes a 60-day timeline for local agency review and action, and updates requirements for demolition and environmental findings.
WHEREAS, Senate Bill No. 450 further specifies that objective zoning, design, and subdivision standards must relate to parcel design and improvements and allows local agencies to impose more permissive standards than the underlying zoning.
WHEREAS, Senate Bill No. 450 deems urban lot split and two-unit housing development applications approved if not acted upon within the 60-day period and requires agencies to provide detailed feedback for any denied applications to ensure applicants can address deficiencies.
WHEREAS, on October 10, 2025, the Governor of the State of California signed into law Assembly Bill No. 1061, "An act to amend Sections 65852.21 and 66411.7 of the California Government Code, relating to land use," which further modifies the statutory framework governing ministerial review and objective standards for certain housing developments and urban lot splits in single-family residential zones, including clarifications regarding historic resource exceptions and related procedural and applicability requirements.
WHEREAS, certain zoning and subdivision standards of the City of Campbell Zoning and Subdivision Codes, respectively, and their permitting procedures are inconsistent with Sections 65852.21 and 66411.7 of the California Government Code, as amended by Senate Bill No. 450.
WHEREAS, the provisions of Senate Bill No. 450 and Assembly Bill No. 1061 went into effect on January 1, 2025 and January 1, 2026, respectively, and without locally codified objective design standards and implementation procedures consistent with these statutes, the law presents a current and immediate threat to the public peace, health, safety, and Item 8.1
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welfare, in that certain existing zoning and subdivision standards are in conflict with Senate Bill No. 450, as amended by Assembly Bill No. 1061, and could create uncertainty for applicants, potential legal conflicts, and delays in implementing state-mandated housing solutions.
WHEREAS, Government Code Sections 65852.21(a)(5)(A) and 66411.7(a)(3)(F)(i), as amended by Assembly Bill No. 1061, refer to a “contributing structure” located within a historic district included on the California Register of Historical Resources or within a historic district listed or designated pursuant to a city or county ordinance; and although Chapter 21.33 (Historic Preservation) does not separately define the term “contributing structure,” the City Council finds that the principal structures located within the Alice Avenue Historic District that are not designated as landmarks fall within this category because the District was designated based on a shared historic context, reflected in its architectural character, integrity, and development pattern dating from 1917 to 1940, and such structures therefore contribute to the historic character and integrity for which the District was designated.
WHEREAS, on January 13, 2025, the City Council adopted Ordinance No. 2321 as an interim urgency ordinance, which has since been extended and remains in effect through January 1, 2027.
WHEREAS, the City Council now desires to adopt updated urgency measures to reflect subsequent changes in state law and implementation requirements, and this ordinance is intended to supersede and replace Ordinance No. 2321, as extended, in its entirety.
WHEREAS, pursuant to Section 65852.21(j) and Section 66411.7(n) of the California Government Code, a local agency may adopt an ordinance to implement the law.
WHEREAS, pursuant to Section 65858 of the California Government Code and Section 21.60.090 of the Campbell Municipal Code, the City Council may take appropriate action to adopt urgency measures as an interim ordinance.
WHEREAS, this interim ordinance establishes urgency measures to eliminate the imposition of non-uniform objective zoning, design, and subdivision standards, establish a 60- day timeline for local agency action, and modify requirements for demolition and environmental findings.
WHEREAS, it is not the intent of this interim ordinance to deny approvals needed for the development of projects with a significant component of multifamily housing.
WHEREAS, in light of the foregoing findings, the City Council further finds that there is a current and immediate threat to the public health, safety, or welfare, and that the approval of additional subdivisions, use permits, variances, building permits, or any other applicable entitlement for use which is in conflict with this ordinance would result in that threat to public health, safety, or welfare.
WHEREAS, adoption of this interim ordinance is exempt from the California Environmental Quality Act (CEQA) pursuant to California Government Code Section 65852.21(k), as it pertains to the implementation of Senate Bill No. 450.
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