Agenda packet, regular meeting — Campbell City Council, October 6, 2026 (part 1 of 2)

City Council Agenda
Campbell Police Department EOC
100 N. First Street, 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.

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 24 (Xfinity) or Channel 88 (Direct TV), the City's website and on YouTube https://www.youtube.com/user/CityofCampbell for those who only wish to view the meeting.

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

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

REGULAR MEETING OF THE CAMPBELL CITY COUNCIL
Tuesday, October 06, 2026 07:00 PM
Campbell Police Department EOC
CALL TO ORDER/ROLL CALL
PLEDGE OF ALLEGIANCE
SPECIAL PRESENTATIONS AND PROCLAMATIONS
Please Note: Items listed under Special Presentations and Proclamations are considered ceremonial. The City Council will not take action on these matters.

Proclamation Recognizing October 2026 as Breast Cancer
Awareness Month

Page 6 ends

1. 2.

3. 3.1
Recommended Action
That the Mayor issue a proclamation recognizing Breast Cancer Awareness Month and and acknowledge El Camino Health for its continued commitment to providing innovative, compassionate, and comprehensive breast cancer care to the community.

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

COUNCIL ANNOUNCEMENTS
CONSENT CALENDAR
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 Regular Meeting of September 15, 2026

Page 11 ends

Recommended Action
Approve the regular meeting minutes of September 15, 2026.

Approving Payment of Bills and Claims Page 22
Recommended Action
Approve the bills and claims in the amount of $5,333,856.86.

Monthly Investment Transactions Report- August 2026 Page 24 Recommended Action
That the City Council review and accept the Monthly Investment Transactions Report for August 2026.

4. 5.

6. 7.

7.1 7.2

7.3 Tuesday, October 06, 2026 2 of 160
Monthly Treasurer’s Report (August 2026) Page 83
Recommended Action
That the City Council review and accept the Monthly Treasurer’s Report for the month ended August 31, 2026.

Accept Donation from the Friends of the Heritage Theatre Page 86 Recommended Action
That the City Council accept a donation of two motorized blackout shades valued at $16,680 from the Friends of the Heritage Theatre for the auditorium at the Heritage Theatre.

Authorization to submit a grant through the Statewide Park Development and Community Revitalization Program.
(Resolution/Roll Call Vote)

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Recommended Action
That the City adopt a resolution authorizing the City of Campbell to submit an application to the California Department of Parks and Recreation, Office of Grants and Local Services (OGALS), for an $8,500,000 grant through the Statewide Park Development and Community Revitalization Program for the Campbell Aquatic Center Renovation Project and authorize the City manager to execute and submit documents necessary to apply for and administer the grant.

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

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

NEW BUSINESS
Approval of Agreement for Consultant Services with Atchison, Barisone and Condotti, LLP (Resolution/Roll Call Vote)

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Recommended Action
That the City Council adopt a resolution (1) dispensing with bidding requirements pursuant to Section 3.20.030 of the Campbell Municipal Code; (2) approving an Agreement for Consultant Services (Agreement) between the City of Campbell and Atchison, Barisone and Condotti , LLP for on-call legal services; and (3) authorizing the City Manager to execute the Agreement.

7.4 7.5

7.6 8.

9. 9.1
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Resolutions Amending the Compensation and Working
Conditions for unrepresented Confidential employees,
Classified Management employees, and Unclassified
Management employees (Resolution/Roll Call Vote)

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Recommended Action
That the City Council (1) adopt a resolution amending the compensation and working conditions for unrepresented Confidential employees; (2) adopt a resolution amending the compensation and working conditions for unrepresented Classified Management employees; and (3) adopt a resolution amending the compensation and working conditions for unrepresented Unclassified Management employees.

Resolution Adjusting City Manager’s Salary (Resolution/Roll Call Vote)

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Recommended Action
That the City Council adopt a resolution adjusting the salary of the City Manager to provide for a market adjustment to the City Manager’s compensation.

UNFINISHED BUSINESS
COUNCIL COMMITTEE REPORTS
Approve Appointments to the Bicycle and Pedestrian
Advisory Committee and the Civic Improvement Commission

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Recommended Action
That the City Council approve the recommendation of the Advisory Commissioner Appointment Interview Subcommittee regarding two appointments to the Bicycle and Pedestrian Advisory Committee and three appointments to the Civic Improvement Commission each to a four-year term expiring August, 2030.

Council Committee Reports Page 159
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

9.2 9.3

10. 11.

11.1 11.2

12. Tuesday, October 06, 2026 4 of 160
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.

Tuesday, October 06, 2026 5 of 160
City Council Report
DATE: October 6, 2026
TITLE: Proclamation Recognizing October 2026 as Breast Cancer Awareness Month
RECOMMENDED ACTION:

That the Mayor issue a proclamation recognizing Breast Cancer Awareness Month and and acknowledge El Camino Health for its continued commitment to providing innovative, compassionate, and comprehensive breast cancer care to the community.

BACKGROUND
October is nationally recognized as Breast Cancer Awareness Month, an annual observance dedicated to increasing awareness of breast cancer, encouraging individuals to understand their risk, promoting appropriate screening and early detection, and supporting those affected by the disease.

Breast cancer remains one of the most commonly diagnosed cancers in the United States. According to the American Cancer Society's 2026 estimates, approximately 321,910 women will be diagnosed with invasive breast cancer, an additional 60,730 cases of ductal carcinoma in situ (DCIS) will be diagnosed, and approximately 42,140 women will die from breast cancer.

The average lifetime risk of developing invasive breast cancer for women in the United States is approximately 13%, or about one in eight women. Breast cancer can occur at any age, and individual risk varies based on factors including age, family history, genetics, and other personal risk factors.

Early detection remains an important component of breast cancer care. The National Cancer Institute reports that breast cancer screening can help detect cancer at an earlier stage, when it may be easier to treat, and that breast cancer screening has been shown to reduce deaths from the disease.

DISCUSSION
Breast Cancer Awareness Month provides an opportunity for the City of Campbell to encourage community members to become informed about breast cancer risk, discuss screening with their healthcare providers, and support individuals and families affected by breast cancer.

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The City is also recognizing El Camino Health for its important role in providing breast cancer services to residents throughout the region. El Camino Health provides multidisciplinary breast cancer care spanning diagnosis, surgery, reconstruction, medical and radiation oncology, rehabilitation, survivorship, and supportive services.

El Camino Health continues to expand access to innovative and comprehensive breast cancer care. Recent initiatives include:
 Advanced minimally invasive breast surgery;
 El Camino Health's functional recovery and supportive oncology services include lymphedema care and prevention, physical therapy, and other services designed to support patients during and after treatment; and
 Oncology rehabilitation and wellness: El Camino Health provides functional recovery, exercise and wellness services, nutrition support, health coaching, mental health services, and survivorship support to help patients address the physical and emotional effects of cancer treatment and transition into life after treatment.

El Camino Health has requested that the City of Campbell recognize Breast Cancer Awareness Month and participate in community awareness efforts. In response to this request, the City will illuminate the Campbell Water Tower in pink during the month of October as a visible symbol of support for breast cancer awareness, those currently undergoing treatment, survivors, and families affected by the disease. The lighting of the Water Tower will provide an opportunity to engage the broader community and reinforce the importance of breast cancer awareness, early detection, and access to care.

FISCAL IMPACT
There is no fiscal impact associated with presenting the proclamation.

PREPARED BY: Andrea Sanders, City Clerk
Item 3.1
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Report Approval Details
Document Title: Breast Cancer Awareness Month.docx
Attachments: Proclamation - Breast Cancer Awareness Month.docx Final Approval Date: September 30, 2026
This document and all of its attachments were approved and signed as outlined below:

No Signature - Task assigned to Will Fuentes was completed by Super Administrator Andrea Sanders
Will Fuentes
Andrea Sanders, City Clerk
Brian Loventhal, City Manager
Item 3.1
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PROCLAMATION OF THE

MAYOR OF THE CITY OF CAMPBELL
WHEREAS, October is recognized nationally as Breast Cancer Awareness Month, a time dedicated to increasing awareness of breast cancer, promoting early detection and screening, supporting patients and survivors, and honoring those whose lives have been affected by this disease; and; and WHEREAS, breast cancer is one of the most commonly diagnosed cancers among women in the United States, with the American Cancer Society estimating that more than 321,000 women will be diagnosed with invasive breast cancer in 2026 and
WHEREAS, approximately one in eight women in the United States will develop invasive breast cancer during her lifetime, making awareness, education, access to care, and early detection important to the health and well-being of our community; and
WHEREAS, the City of Campbell recognizes the patients, survivors, caregivers, families, healthcare professionals, researchers, advocates, and community organizations whose dedication, courage, and compassion continue to advance the fight against breast cancer; and
WHEREAS, El Camino Health has requested the City's participation in Breast Cancer Awareness Month and continues to expand access to innovative, compassionate, and comprehensive breast cancer care, including advanced minimally invasive breast surgery, lymphedema care, rehabilitation, wellness, and survivorship services; and
WHEREAS, in recognition of Breast Cancer Awareness Month and in response to El Camino Health's request, the City of Campbell will illuminate the Campbell Water Tower in pink, providing a visible symbol of support for breast cancer awareness and for individuals and families whose lives have been touched by breast cancer; and
NOW, THEREFORE, I, Daniel E Furtado, Mayor of the City of Campbell, do hereby proclaim the month of October 2026, as National Breast Cancer Awareness Month, and encourages all members of the Campbell community to increase their awareness of breast cancer, pursue appropriate screening and early detection, and support those affected by this disease.

WITNESS MY HAND AND SEAL OF THE CITY OF CAMPBELL this 6th day of October 2026.
______________________________
Daniel E Furtado, Mayor
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City of Campbell, California Item 3.1
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CITY COUNCIL MINUTES
City of Campbell, 70 N. First St., Campbell, California

REGULAR MEETING OF THE CAMPBELL CITY COUNCIL
Tuesday, September 15, 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
Councilmember Scozzola
Vice Mayor Bybee
Mayor Furtado

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 IT Manager Ryan Favila and IT Administrator Andrew Nocera in recognition of IT Professionals Day.

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

IT Manager Favila thanked the City Council for their recognition.

The City Council thanked the IT department for their efforts.

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3. SPECIAL PRESENTATIONS AND PROCLAMATIONS
There are no special presentations and proclamations.

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

5. ORAL REQUESTS
Campbell resident spoke in opposition to SB 1123.

6. COUNCIL ANNOUNCEMENTS
You are invited to the City of Campbell’s Annual State of the City Address. Please join me as I share updates on our community, celebrate the City’s accomplishments over the past year, and look ahead to the opportunities and priorities that will shape our future. The State of the City Address will take place tomorrow evening at Orchard City Banquet Hall. Doors open at 6:00 p.m., with the program beginning promptly at 6:30 p.m. Please RSVP by emailing [email protected].

Are you passionate about making a difference in Campbell? Consider getting involved by serving on one of the City’s Boards or Commissions. This is a great opportunity to share your ideas, contribute your time and expertise, and help shape the future of our community.

To learn more about available opportunities, contact the City Clerk’s Office at [email protected] or 408-866-2117.

Let’s come together to protect and preserve one of Campbell’s most cherished natural resources, Los Gatos Creek! Join Councilmember Terry Hines for a hands-on community cleanup at Campbell Park, located near Gilman and Campbell Avenue, on Saturday, September 19, 2026, from 9:00 a.m. to 12:00 p.m. Together, we can make a visible and lasting impact on our environment while helping keep our community clean and beautiful.

Pre-registration is required. To participate, register at www.cleanacreel.org and be sure to reference Site No. 1. We hope to see you there.

Campbell On Sale. Join the fun for the City of Campbell’s annual citywide garage sale on Saturday, October 3 from 8:00 a.m. to 4:00 p.m. The annual garage sale encourages the sale of reusable items rather than discarding them into the landfill. This event promotes public awareness of solid waste and the importance of recycling. Please visit the City’s website at campbellca.gov to find out more.

Oktoberfest Fun Run will take place this year on Saturday, October 17. Registration is open.

Please visit campbellca.gov/recreation to learn more.

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

The Consent Calendar was considered as follows:

Councilmember Hines commented on Item 7.6 thanked the Council for considering the Water Tower lighting request in recognition of Breast Cancer Awareness Month.

MOVER Hines
SECONDER Bybee
That the City Council approve the Consent Calendar.

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

7.1 Minutes of City Council Special Meeting of September 1, 2026.

MOVER Hines
SECONDER Bybee
Approve the special meeting minutes of September 1, 2026.

RESULT: ADOPTED [UNANIMOUS]
This action approves the special meeting minutes of September 1, 2026.

7.2 Minutes of City Council Regular Meeting of September 1, 2026.

MOVER Hines
SECONDER Bybee
Approve the regular meeting minutes of September 1, 2026.

RESULT: ADOPTED [UNANIMOUS]
This action approves the regular meeting minutes of September 1, 2026.

7.3 Approving Payment of Bills and Claims
MOVER Hines
SECONDER Bybee
Approve the bills and claims in the amount of $1,177,106.86.

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RESULT: ADOPTED [UNANIMOUS]
This action approves the bills and claims in the amount of $1,177,106.86 as follows:
payroll checks dated August 13, 2026, in the amount of $75,881,01; bills and claims checks dated August 14, 2026, in the amount of $192,406,318.12; bills and claims checks dated August 17, 2026; in the amount of $406,318.12; and bills and claims checks dated August 24, 2026 in the amount of $502,850.64.

7.4 Resolution Approving the Revised Agreement with Trio Community Meals, LLC to Provide Catered Meals for the Senior Nutrition Program for Fiscal Year 2026-27 (Resolution/Roll Call Vote)
MOVER Hines
SECONDER Bybee
That the City Council adopt a Resolution approving the revised Seventh Amendment to the Agreement with Trio Community Meals, LLC to correct the meal rate for the Senior Nutrition Program for Fiscal Year 2026-27 and authorize the City Manager to execute the Amendment.

RESULT: ADOPTED [UNANIMOUS]
Resolution 26-13433 approves the revised Seventh Amendment to the Agreement with Trio Community Meals, LLC to correct the meal rate for the Senior Nutrition Program for Fiscal Year 2026-27 and authorize the City Manager to execute the Amendment.

7.5 Approval of Memorandum of Understanding between City of Campbell and Campbell Police Civilian Employees Association (Resolution/Roll Call Vote)
MOVER Hines
SECONDER Bybee
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 Police Civilian Employees Association (CPCEA).

RESULT: ADOPTED [UNANIMOUS]
Resolution 26-13434 adopts ratifying a successor Memorandum of Understanding, effective July 1, 2026 through June 30, 2028, between the City of Campbell and the Campbell Police Civilian Employees Association (CPCEA).

7.6 Water Tower Lighting Request - El Camino Health
Item 7.1
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MOVER Hines
SECONDER Bybee
That the City Council approve El Camino Health’s Water Tower themed lighting request application and direct staff to illuminate the City of Campbell Water Tower pink on October 6, 2026, in recognition of Breast Cancer Awareness Month and to raise awareness of breast cancer.

RESULT: ADOPTED [UNANIMOUS]
This action approves the El Camino Health’s Water Tower themed lighting request application and direct staff to illuminate the City of Campbell Water Tower pink on October 6, 2026, in recognition of Breast Cancer Awareness Month and to raise awareness of breast cancer.

8. PUBLIC HEARINGS AND INTRODUCTIONS OF ORDINANCES

8.1 Public Hearing to Consider Adoption of an Ordinance Extending Interim Ordinance No. 26-2354, which Continues implementation of Senate Bill (SB) 450 (2024), as Modified by Assembly Bill (AB) 1061 (2025) (Ordinance/ 4/5 Roll Call Vote).

It is recommended that the City Council adopt the attached ordinance to extend Interim Ordinance No. 26-2354, for a period for 10 months and 15 days.

Now is the time and place for a public hearing to consider adoption of an ordinance extending Interim Ordinance No. 26-2354 which continues implementation of Senate Bill 450.

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. Councilmember Hines was not able to participate in the discussion and left the dais.

Senior Planner Fama presented a staff report dated September 15, 2026 and recommended the City Council adopt the attached ordinance to extend Interim Ordinance No. 26-2354, for a period for 10 months and 15 days.

Following City Council questions Mayor Furtado opened the public hearing and asked if anyone wished to speak.

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

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

City Clerk Sanders read the full title of Ordinance 26-2355.

MOVER Lopez
SECONDER Bybee
That the City Council adopt ordinance 26-2355 to extend Interim Ordinance No. 26-2354, for a period for 10 months and 15 days.

RESULT: ADOPTED [UNANIMOUS] (4 to 0)
MOVER Bybee
SECONDER Scozzola
That the City Council waive further reading of Ordinance 26-2355.

RESULT: ADOPTED [UNANIMOUS] (4 to 0)
Councilmember Scozzola left the meeting room at 7:19 PM and did not return.

9. NEW BUSINESS

9.1 Annual Investment Policy Update FY (2026-27) (Resolution/Roll Call Vote)
It is recommended that the City Council adopt a Resolution approving the annual update to the City’s Investment Policy for FY 2026-27.

Assistant Finance Director Vong presented a staff report dated September 15, 2026.

Representatives from Chandler Investments provided additional information.

Following City Council questions, Mayor Furtado asked if anyone from the public wished to speak.

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There were no public speakers.

Councilmember Lopez stated the Finance Subcommittee did meet and were supportive of what was presented.

After discussion, the City Council motioned for approval of Item 9.1. The motion was adopted by roll call vote.

MOVER Bybee
SECONDER Hines
That the City Council adopt Resolution 26-13435 approving the annual update to the City’s Investment Policy for FY 2026-27.

RESULT: ADOPTED [UNANIMOUS] (4 to 0)

9.2 Proposed Modifications to Council Policy, Section 14, Theatre Use Policy (Resolution/Roll Call Vote)
That the City Council adopt a resolution approving the proposed modifications to Council Policy, Section 14, Theatre Use Policy, effective September 16, 2026.

Recreation and Community Services Director Bissell presented a staff report dated September 15, 2026.

Following City Council questions, Mayor Furtado asked if anyone from the public wished to speak.

There were no public speakers.

After discussion, the City Council motioned for approval of Item 9.2. The motion was adopted by roll call vote.

MOVER Bybee
SECONDER Lopez
That the City Council adopt Resolution 26-13436 approving the proposed modifications to Council Policy, Section 14, Theatre Use Policy, effective September 16, 2026.

RESULT: ADOPTED [UNANIMOUS] (4 to 0)
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9.3 Budget Adjustment to Fund Replacement Blackout Shades for the Heritage Theatre (Resolution/Roll Call Vote)
That the City Council approve the Council Resolution authorizing a budget adjustment to fund the replacement of the remaining six blackout shades at the Heritage Theatre.

Recreation and Community Services Director Bissell presented a staff report dated September 15, 2026.

Following City Council questions, Mayor Furtado asked if anyone from the public wished to speak.

There were no public speakers.

After discussion, the City Council motioned for approval of Item 9.3. The motion was adopted by roll call vote.

MOVER Bybee
SECONDER Lopez
That the City Council adopt resolution 26-13437 authorizing a budget adjustment to fund the replacement of the remaining six blackout shades at the Heritage Theatre.

RESULT: ADOPTED [UNANIMOUS] (4 to 0)

9.4 Accepting Funds from the Santa Clara County Library District for the Measure O – Campbell Library Renovations Project No. 23-SS (Resolution/Roll Call Vote)
That the City Council adopt a resolution accepting a $268,388.96 reimbursement from the Santa Clara County Library District for Measure O – Campbell Library Renovations Project and authorizing the Finance Director to perform the associated budget adjustment.

Public Works Director Olay presented a staff report dated September 15, 2026.

Following City Council questions, Mayor Furtado asked if anyone from the public wished to speak.

There were no public speakers.

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Vice Mayor Bybee stated that she hoped the excess funding will go to the existing site improvements. The City Council generally agreed.

After discussion, the City Council motioned for approval of Item 9.4 and included in the motion returning to Council to discuss the funding overture. The motion was adopted by roll call vote.

MOVER Bybee
SECONDER Lopez
That the City Council adopt Resolution 26-13438 accepting a $268,388.96 reimbursement from the Santa Clara County Library District for Measure O – Campbell Library Renovations Project and authorizing the Finance Director to perform the associated budget adjustment and to report back to the Council regarding the approximate $87,000 overture.

RESULT: ADOPTED [UNANIMOUS] (4 to 0)

9.5 Approval of Cost Share Agreement with the City of San Jose in the Not to Exceed Amount of $335,000 for the Resurfacing of McCoy Avenue and Olympia Avenue (Resolution/Roll Call Vote)
That the City Council adopt a resolution 1) approving the cost share agreement with the City of San Jose in the not to exceed amount of $335,000 for the resurfacing of McCoy Avenue and Olympia Avenue; 2) authorizing the City Manager to execute said agreement; and 3) authorizing the Finance Director to perform associated budget adjustments.

Public Works Director Olay presented a staff report dated September 15, 2026.

Following City Council questions, Mayor Furtado asked if anyone from the public wished to speak.

There were no public speakers.

After discussion, the City Council motioned for approval of Item 9.5. The motion was adopted by roll call vote.

MOVER Hines
SECONDER Lopez
That the City Council adopt Resolution 26-13439 1) approving the cost share agreement with the City of San Jose in the not to exceed amount of $335,000 Item 7.1
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for the resurfacing of McCoy Avenue and Olympia Avenue; 2) authorizing the City Manager to execute said agreement; and 3) authorizing the Finance Director to perform associated budget adjustments.

RESULT: ADOPTED [UNANIMOUS] (4 to 0)

9.6 Authorization to Execute Vehicle Registration Fee-Intelligent Transportation Systems (VRF-ITS) Fund Agreement for Campbell ITS Mobility and Safety Improvement Project (Resolution/Roll Call Vote) That the City Council adopt a resolution 1) approving the fund agreement with the Santa Clara Valley Transportation Authority (VTA) for the Campbell ITS Mobility & Safety Improvement Project; and 2) authorizing the City Manager to execute the fund agreement and any amendments thereof.

Public Works Director Olay presented a staff report dated September 15, 2026.

Following City Council questions, Mayor Furtado asked if anyone from the public wished to speak.

There were no public speakers.

After discussion, the City Council motioned for approval of Item 9.6. The motion was adopted by roll call vote.

MOVER Lopez
SECONDER Hines
That the City Council adopt Resolution 26-13440 1) approving the fund agreement with the Santa Clara Valley Transportation Authority (VTA) for the Campbell ITS Mobility & Safety Improvement Project; and 2) authorizing the City Manager to execute the fund agreement and any amendments thereof.

RESULT: ADOPTED [UNANIMOUS] (4 to 0)

10. UNFINISHED BUSINESS
There was no unfinished business.

11. COUNCIL COMMITTEE REPORTS
Item 7.1
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11.1 Council Committee Reports
That the City Council report on activities from their committee assignments.

Vice Mayor Bybee attended a meeting of the Santa Clara County Library District JPA, and a meeting of the Cities Association of Santa Clara County.

Councilmember Hines attended meetings of the Downtown Campbell Business Association; West Valley Stormwater Authority; West Valley Solid Waste Management Authority; South Bay AFL CIO Labor Day Barbecue; Silicon Valley Clean Energy; spoke of the upcoming Campbell Village Town Hall; and gave a business shoutout to Signature Custom Framing.

Councilmember Lopez attended meetings of the Santa Clara Valley Transportation Authority.

12. ADJOURN
Mayor Furtado adjourned the meeting at 7:54 p.m.

APPROVED: Daniel E. Furtado, Mayor
ATTEST: Andrea Sanders, City Clerk
Item 7.1
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City Council Report
DATE: October 6, 2026
TITLE: Approving Payment of Bills and Claims
RECOMMENDED ACTION:

Approve the bills and claims in the amount of $5,333,856.86.

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

Type Check Date Amount
Payroll August 27, 2026 $29,279.95
Bills & Claims August 31, 2026 $2,333,328.60
Bills & Claims September 07, 2026 $1,709,213.39
Payroll September 10, 2026 $71,637.84
Bills & Claims September 14, 2026 $1,190,397.08
Total $5,333,856.86

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 10.06.26.docx Attachments: Payroll 08.27.26.pdf
Bills and Claims 08.31.26.pdf
Bills and Claims 09.07.26.pdf
Payroll 09.10.26.pdf
Bills and Claims 09.14.26.pdf
Final Approval Date: September 30, 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
Item 7.2
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City Council Report
DATE: October 6, 2026
TITLE: Monthly Investment Transactions Report- August 2026 RECOMMENDED ACTION:

That the City Council review and accept the Monthly Investment Transactions Report for August 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 withdrew $3.1 million from the City’s primary Local Agency Investment Fund (LAIF) account to cover the City’s ongoing operating expenses and $609,000 was withdrawn from the Measure O 2022 LAIF bond account to cover July’s project expenditures. The monthly LAIF rate rose to 3.863%.

Within the City’s California Asset Management Program (CAMP) pooled account, staff withdrew $1.1 million and deposited $675,000 while $31,000 in monthly dividends were posted. In the Measure K escrow account, $26,000 in August dividends were posted (Note: The August Measure K sales tax remittance from the California Department of Tax and Fee Administration (CDTFA) was deposited and posted on September 2.) The CAMP yield held steady at 3.80%.

Within the City’s BNY Mellon custodial account managed by Chandler Asset Management, a 2.5‑year U.S. Treasury security yielding 4.390% was purchased for $350,000 and the portfolio generated $93,000 in net earnings from interest, dividends, realized losses, and other transfers. The average market Yield to Maturity (YTM) rose slightly to 4.540%.

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 Item 7.3
Tuesday, October 06, 2026 24 of 160

maturities, while selling shorter-term holdings that are set to mature sooner, ahead of potential rate declines. Consistent with the FY 2026–27 Investment Strategy just approved by City Council on September 15, 2026, staff and investment advisors are monitoring moderately long-term opportunities outside of LAIF and CAMP to secure the highest possible returns while maintaining safety and compliance with the City’s Investment Policy. All investment purchases adhere strictly to this policy

FISCAL IMPACT
There is no fiscal impact associated with the review and acceptance of the Monthly Investment Transactions Report
PREPARED BY: John Formale, Accountant
Item 7.3
Tuesday, October 06, 2026 25 of 160

Report Approval Details
Document Title: Monthly Investment Transactions Report- August 2026.docx Attachments: Monthly Investment tranx rpt- Aug'26.pdf
Chandler BNY Investment Statement- 8.31.26.pdf
Final Approval Date: September 30, 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
Item 7.3
Tuesday, October 06, 2026 26 of 160

CITY OF CAMPBELL
Monthly Investment Transactions Report
August 1 to August 31, 2026
Account Trans. Date August'26
LAIF - ******133, Main account
Average Monthly Yield 3.863%
Beginning Balance $ 14,382,940
Transactions
Withdrawal 8/12/2026 (900,000)
Withdrawal 8/17/2026 (400,000)
Withdrawal 8/26/2026 (1,000,000)
Withdrawal 8/31/2026 (800,000)
Net change (3,100,000)
Ending Balance $ 11,282,940
Account Trans. Date August'26
LAIF - ******032, MEAS O, Series 2022
Average Monthly Yield 3.863%
Beginning Balance $ 2,805,134
Transactions
Withdrawal- July project expenditures 8/18/2026 (385,000) Withdrawal- July project expenditures 8/18/2026 (224,000) Net change (609,000)
Ending Balance $ 2,196,134
Account Trans. Date August'26
CAMP - ******001, Regular
Average Monthly Yield 3.80%
Beginning Balance $ 10,118,673
Transactions
Withdrawal 8/10/2026 (1,100,000)
Deposit 8/24/2026 675,000
August Dividends 8/31/2026 30,656
Net change (394,344)
Ending Balance $ 9,724,329

Page 1 of 2 ends

Item 7.3
Tuesday, October 06, 2026 27 of 160

CITY OF CAMPBELL
Monthly Investment Transactions Report
August 1 to August 31, 2026
Account Trans. Date August'26
CAMP - ******002, Meas K Sales Tax escrow
Average Monthly Yield 3.80%
Beginning Balance $ 8,055,657
Transactions
August Dividends 8/31/2026 25,965
Net change 25,965
Ending Balance $ 8,081,622
Account Trans. Date
Bank of New York (BNY) - ******818
Average Monthly Yield/Market YTM 4.540%
Note: Purchases listed at par value, see Chandler Monthly Statement for add'l detail Beginning Balance 21,457,010
Transactions
Purchase - US Treasury 4.390%, 2.51 yrs 8/28/2026 350,000 Interest and dividends 8/31/2026 97,619
Realized Loss 8/31/2026 (271)
MM transfers 8/31/2026 (353,870)
93,479
Net change
Ending Balance 21,550,489
Total of all Investments
Beginning $ 56,819,414

Page 2 of 2 ends

Item 7.3
Tuesday, October 06, 2026 28 of 160

MONTHLY ACCOUNT STATEMENT
City of Campbell | Account #11214 | As of August 31, 2026 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

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

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality*
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (03/01/25)
City of Campbell 0.21% 0.21% 0.79% 2.19% -- -- -- -- 3.53% Benchmark Return 0.20% 0.21% 0.59% 1.95% -- -- -- -- 3.18% Average Modified Duration 2.50
Average Coupon 3.94%
Average Purchase YTM 4.21%
Average Market YTM 4.54%
Average Credit Quality* AA+
Average Final Maturity 2.96
Average Life 2.77
End Values as of
07/31/2026
End Values as of
08/31/2026
Market Value 21,307,417.43 21,375,688.10
Accrued Interest 176,899.81 154,249.05
Total Market Value 21,484,317.25 21,529,937.15
Income Earned 75,227.59 75,328.99
Cont/WD 0.00 0.00
Par 21,691,503.21 21,789,045.83
Book Value 21,496,299.71 21,594,531.58
Cost Value 21,457,212.49 21,550,943.31
United States 43.53%
Federal Home Loan Mortgage Corp 12.75%
Federal Home Loan Banks 2.32%
International Bank for Recon and Dev 2.19%
Toyota Motor Corporation 1.85%
American Express Credit Master Trust 1.73%
Amazon.com, Inc. 1.32%
Bank of America Corporation 1.29%
**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.

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES
Max % (MV; Agencies & Agency CMOs) 75.0 15.0 Compliant
Max % Issuer (MV; Agencies & Agency CMOs) 30.0 12.7 Compliant Max Maturity (Years) 5.0 4.2 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 26.8 Compliant
Max % Issuer (MV) 5.0 1.8 Compliant
Max Maturity (Years) 5.0 4.9 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 15.0 Compliant
Max % Issuer (MV; Agencies & Agency CMOs) 30.0 12.7 Compliant The Statement of Compliance reflects Chandler's assessment of compliance with the applicable investment policy for the assets Chandler directly manages. The report may also present assets reported to Chandler by clients, custodians, or other third parties. Chandler includes those assets in the assessment but has no discretionary authority over them, does not independently verify the information provided, and assumes no responsibility for the accuracy or completeness of that information. Questions regarding this report should be directed to the designated investment professional.

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5.0 1.0 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 0.4 Compliant Max % Issuer (MV) 20.0 0.4 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 2.9 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 0.4 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 11.0 Compliant
Max % Issuer (MV) 20.0 1.7 Compliant
Max Maturity (Years) 5.0 4.5 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

NON-AGENCY MORTGAGE-BACKED SECURITIES, CMOS
Max % (MV; ABS, CMO & MBS) 20.0 11.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
The Statement of Compliance reflects Chandler's assessment of compliance with the applicable investment policy for the assets Chandler directly manages. The report may also present assets reported to Chandler by clients, custodians, or other third parties. Chandler includes those assets in the assessment but has no discretionary authority over them, does not independently verify the information provided, and assumes no responsibility for the accuracy or completeness of that information. Questions regarding this report should be directed to the designated investment professional.

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

REPURCHASE AGREEMENTS
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 1.8 Compliant
Max Maturity (Years) 5.0 3.6 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

US TREASURIES
Max % (MV) 100.0 43.6 Compliant
Max Maturity (Years) 5.0 4.3 Compliant
The Statement of Compliance reflects Chandler's assessment of compliance with the applicable investment policy for the assets Chandler directly manages. The report may also present assets reported to Chandler by clients, custodians, or other third parties. Chandler includes those assets in the assessment but has no discretionary authority over them, does not independently verify the information provided, and assumes no responsibility for the accuracy or completeness of that information. Questions regarding this report should be directed to the designated investment professional.

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2026)
Beginning Book Value 21,496,299.71 21,431,077.59
Maturities/Calls 0.00 0.00
Principal Paydowns (58,296.29) (102,403.33)
Purchases 502,374.50 1,458,107.45
Sales (350,328.72) (1,201,773.14)
Change in Cash, Payables, Receivables 252.11 402.83
Amortization/Accretion 4,230.26 8,442.45
Realized Gain (Loss) 0.01 677.73
Ending Book Value 21,594,531.58 21,594,531.58
Month to Date Fiscal Year to Date
(07/01/2026)
Beginning Market Value 21,307,417.43 21,336,659.25
Maturities/Calls 0.00 0.00
Principal Paydowns (58,296.29) (102,403.33)
Purchases 502,374.50 1,458,107.45
Sales (350,328.72) (1,201,773.14)
Change in Cash, Payables, Receivables 252.11 402.83
Amortization/Accretion 4,230.26 8,442.45
Change in Net Unrealized Gain (Loss) (29,961.20) (124,425.14) Realized Gain (Loss) 0.01 677.73
Ending Market Value 21,375,688.10 21,375,688.10
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date 0.00
Principal Paydowns
Month to Date (58,296.29)
Fiscal Year to Date (102,403.33)
Purchases
Month to Date 502,374.50
Fiscal Year to Date 1,458,107.45
Sales
Month to Date (350,328.72)
Fiscal Year to Date (1,201,773.14)
Interest Received
Month to Date 97,619.23
Fiscal Year to Date 148,631.63
Purchased / Sold Interest
Month to Date (3,869.74)
Fiscal Year to Date 5,299.35
Item 7.3
Tuesday, October 06, 2026 34 of 160
CONFIDENTIAL | 7
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 4,895.47 11/14/20244.63%
4,897.39
4,895.59
100.04

3.80%
4,897.23

10.07 0.02%

1.64 NA/AAA
AAA

1.04 0.04
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 95,000.00 05/20/20254.84%
94,998.42
94,999.09
100.13

4.35%
95,124.74
132.95

0.45%
125.65
NA/AAA
AAA

1.73 0.48
379965AD8 GMALT 2025-3 A3 4.17
08/21/2028 90,000.00 08/05/20254.18%
89,986.32
89,991.08

99.81 4.46%
89,833.32
114.68

0.42%
(157.76)
NA/AAA
AAA

1.97 0.73
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 113,724.37 02/20/2025

4.63%
114,408.50
114,032.69
100.34

4.25%
114,113.42
250.70

0.53%

80.73 Aaa/NA
AAA

2.21 0.45
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 207,246.09 --4.69%
209,399.51
208,293.05
100.43

4.37%
208,138.29
178.92

0.97%
(154.77)
Aaa/AAA
NA

2.49 0.50
36275AAD1 GMALT 2026-2 A3 4.3
03/20/2029 70,000.00 05/05/20264.40%
69,992.43
69,993.23

99.65 4.59%
69,755.42

91.97 0.33%
(237.81)
NA/AAA
AAA

2.55 1.38
89239TAD4 TAOT 2024-D A3 4.4 06/15/2029 49,869.79 10/10/2024

4.51%
49,867.00
49,868.12
100.04

4.38%
49,889.19

97.52 0.23%

21.06 Aaa/AAA
NA

2.79 0.65
02589BAE0 AMXCA 2024-3 A 4.65
07/15/2027 200,000.00 02/20/20254.57%
200,546.88
200,198.35
100.31

4.33%
200,613.00
413.33

0.94%
414.65
NA/AAA
AAA

0.87 0.84
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029 116,005.22 11/19/20244.66%
116,001.50
116,002.90
100.18

4.38%
116,213.22
237.68

0.54%
210.32
Aaa/NA
AAA

2.96 0.66
38014AAD3 GMCAR 2024-4 A3 4.4
08/16/2029 47,182.30 10/08/20244.32%
47,173.21
47,176.74
100.05

4.34%
47,206.60

86.50 0.22%

29.86 Aaa/AAA
NA

2.96 0.51
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 100,000.00 03/04/2025

5.09%
99,993.71
99,995.76

99.68 4.56%
99,680.50
188.00

0.47%
(315.26)
Aaa/NA
AAA

3.05 1.07
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 110,000.00 10/17/20244.29%
109,983.65
109,989.74

99.92 4.40%
109,916.29
209.73

0.51%
(73.45)
Aaa/AAA
NA

3.12 1.07
89231HAD8 TAOT 2025-B A3 4.34
11/15/2029 65,000.00 04/24/20254.82%
64,996.28
64,997.38

99.89 4.49%
64,928.31
125.38

0.30%
(69.07)
NA/AAA
AAA

3.21 0.98
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029 72,923.63 01/09/20255.03%
72,918.22
72,920.01
100.14

4.44%
73,028.57
140.38

0.34%
108.56
Aaa/NA
AAA

3.30 0.64
58773DAD6 MBART 2025-1 A3 4.78
12/17/2029 109,795.80 01/14/20254.84%
109,772.45
109,780.09
100.30

4.42%
110,129.25
233.26

0.52%
349.15
Aaa/NA
AAA

3.30 0.74
44935XAD7 HART 2025-B A3 4.36
12/17/2029 80,000.00 06/03/20254.36%
79,992.78
79,994.74

99.87 4.52%
79,898.80
155.02

0.37%
(95.94)
NA/AAA
AAA

3.30 1.04
58770YAD3 MBALT 2026-A A3 3.93
01/15/2030 60,000.00 01/13/20263.97%
59,988.10
59,989.92

99.05 4.57%
59,427.84
104.80

0.28%
(562.08)
Aaa/NA
AAA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030 170,000.00 05/06/20254.28%
169,996.92
169,997.74

99.70 4.51%
169,493.23
323.38

0.79%
(504.51)
NA/AAA
AAA

3.62 1.53
43814YAD3 HAROT 2026-2 A3 4.3
11/15/2030 160,000.00 05/05/20264.34%
159,995.38
159,995.69

99.38 4.68%
159,015.20
305.78

0.74%
(980.49)
Aaa/AAA
NA

4.21 1.78
44935KAD5 HART 2026-B A3 4.51
02/18/2031 120,000.00 06/09/20264.86%
119,985.52
119,986.16

99.79 4.66%
119,744.52
240.53

0.56%
(241.64)
NA/AAA
AAA

4.47 2.04
89231DAD7 TAOT 2026-C A3 4.51
03/17/2031 105,000.00 07/14/20264.80%
104,984.73
104,985.11

99.73 4.67%
104,718.60
210.47

0.49%
(266.51)
NA/AAA
AAA

4.54 2.23
14041NGJ4 COMET 2026-1 A 4.48
07/16/2029 220,000.00 07/09/20264.53%
219,948.87
219,951.06

99.73 4.62%
219,412.60
1,232.00

1.03%
(538.46)
NA/AAA
AAA

2.87 2.62
Total ABS 2,366,642.68 4.58%
2,369,827.76
2,368,034.25

99.94 4.48%
2,365,178.12
5,083.05

11.06%
(2,856.13)

2.93 1.21
AGENCY
3130B7QM9 FEDERAL HOME LOAN BANKS 3.5
09/09/2027 500,000.00 09/23/20253.63%
498,795.00
499,371.38

99.28 4.23%
496,384.00
8,361.11

2.32%
(2,987.38)
Aa1/AA+
AA+

1.02 0.98
Total Agency 500,000.00 3.63%
498,795.00
499,371.38

99.28 4.23%
496,384.00
8,361.11

2.32%
(2,987.38)

1.02 0.98

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

4.53%
244,335.94
247,049.97

98.52 4.60%
246,309.25
812.50

1.15%
(740.72)
Aa1/AA+
AAA

1.99 1.84
3137FJKE8 FHMS K-082 A2 3.92 09/25/2028 250,000.00 06/10/2025

4.27%
246,992.19
248,130.35

98.53 4.61%
246,317.25
816.67

1.15%
(1,813.10)
Aa1/AA+
AAA

2.07 1.87
3137FKSH0 FHMS K-086 A2 3.859
11/25/2028 150,000.00 09/18/20243.82%
150,005.86
150,003.09

98.26 4.62%
147,387.45
482.38

0.69%
(2,615.64)
Aaa/AA+
AA+

2.24 2.05
3137FLN91 FHMS K-091 A2 3.505
03/25/2029 300,000.00 11/14/20244.62%
287,074.22
292,457.89

97.26 4.63%
291,772.50
876.25

1.36%
(685.39)
Aa1/AAA
AA+

2.56 2.30
3137FMCR1 FHMS K-093 A2 2.982
05/25/2029 146,483.83 10/16/20244.15%
139,571.63
142,415.12

95.93 4.65%
140,519.74
364.01

0.66%
(1,895.38)
Aa1/AA+
AAA

2.73 2.39
3137FNAE0 FHMS K-095 A2 2.785
06/25/2029 250,000.00 03/13/20254.39%
234,707.03
240,003.81

95.18 4.66%
237,957.25
580.21

1.11%
(2,046.56)
Aa1/AA+
AAA

2.82 2.54
3137FPHK4 FHMS K-098 A2 2.425
08/25/2029 300,000.00 10/17/20244.26%
276,445.31
285,615.97

93.91 4.67%
281,732.10
606.25

1.32%
(3,883.87)
Aa1/AA+
AAA

2.98 2.72
3137FRUJ8 FHMS K-105 A2 1.872
01/25/2030 275,000.00 03/17/20254.43%
244,868.16
254,004.24

91.32 4.69%
251,125.05
429.00

1.17%
(2,879.19)
Aa1/AA+
AAA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3137FWG79 FHMS K-115 A2 1.383
06/25/2030 250,000.00 06/17/20264.39%
222,822.27
224,144.33

88.54 4.72%
221,350.25
288.13

1.04%
(2,794.08)
Aa1/AA+
AAA

3.82 3.59
3137FX3Q9 FHMS K-117 A2 1.406
08/25/2030 250,000.00 06/03/20264.46%
221,455.08
223,056.61

88.21 4.73%
220,517.75
292.92

1.03%
(2,538.86)
Aa1/AA+
AAA

3.98 3.72
3137F62M8 FHMS K-118 A2 1.493
09/25/2030 250,000.00 01/29/20264.03%
223,632.81
227,001.51

88.31 4.73%
220,765.25
311.04

1.03%
(6,236.26)
Aa1/AA+
AAA

4.07 3.78
3137F83Q4 FHMS K-121 A2 1.547
10/25/2030 250,000.00 01/08/20264.00%
223,603.52
227,144.51

88.11 4.74%
220,273.25
322.29

1.03%
(6,871.26)
Aa1/AA+
AAA

4.15 3.90
Total Agency CMBS 2,921,483.83 4.31%
2,715,514.02
2,761,027.42

93.49 4.67%
2,726,027.09
6,181.64

12.75%
(35,000.33)

3.07 2.82
CASH
CCYUSD Receivable 912.51 -- 912.51
912.51

1.00 912.51

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 912.51
912.51
912.51

1.00 912.51

0.00 0.00%

0.00 0.00

0.00 CORPORATE
17275RBW1 CISCO SYSTEMS INC 4.55
02/24/2028 250,000.00 03/11/20254.32%
251,557.50
250,757.94
100.16

4.44%
250,391.00
221.18

1.17%
(366.94)
A1/AANA1.48

1.34 00287YDY2 ABBVIE INC. 4.65 03/15/2028 125,000.00 02/18/2025

4.70%
124,833.75
124,916.20
100.09

4.59%
125,109.25
2,680.21

0.59%
193.05
A2/ANA1.54

1.36 79466LAQ7 SALESFORCE, INC. 4.5
03/15/2028 140,000.00 03/12/20264.37%
140,339.50
140,256.55

99.81 4.63%
139,738.48
2,940.00

0.65%
(518.07)
A2/A+
NA

1.54 1.44
06406RBG1 BANK OF NEW YORK MELLON
CORP 3.992 06/13/2028 225,000.00 09/05/20244.31%
223,128.00
224,471.76

99.57 4.71%
224,028.00
1,946.10

1.05%
(443.76)
Aa3/A
AA1.790.76
46647PEU6 JPMORGAN CHASE & CO 4.915
01/24/2029 115,000.00 01/16/20254.92%
115,000.00
115,000.00
100.39

4.56%
115,445.05
580.93

0.54%
445.05
A1/A
AA2.401.33
91159HJK7 US BANCORP 4.653 02/01/2029 200,000.00 09/05/2024

4.47%
201,116.00
200,465.07

99.87 4.81%
199,736.80
775.50

0.93%
(728.27)
A3/A
A+

2.42 1.35
756109CW2 REALTY INCOME CORPORATION

3.95 02/01/2029 250,000.00 01/07/20264.01%
249,577.50
249,666.53

98.15 4.77%
245,384.00
822.92

1.15%
(4,282.53)
A3/ANA2.42

2.27 24422EXT1 JOHN DEERE CAPITAL CORP 4.85
06/11/2029 225,000.00 08/12/20244.40%
229,338.00
227,495.03
100.57

4.63%
226,289.70
2,425.00

1.06%
(1,205.33)
A1/A
A+

2.78 2.55
025816EJ4 AMERICAN EXPRESS COMPANY

4.351 07/20/2029 170,000.00 07/21/20254.35%
170,000.00
170,000.00

99.31 4.65%
168,825.98
842.40

0.79%
(1,174.02)
A2/AA2.88

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
225,333.91

99.49 4.74%
223,847.33
625.63

1.05%
(1,486.59)
A1/A+
A+

2.94 2.71
532457CQ9 ELI LILLY AND COMPANY 4.2
08/14/2029 235,000.00 08/12/20244.22%
234,769.70
234,864.04

98.92 4.59%
232,471.40
466.08

1.09%
(2,392.64)
Aa3/AANA2.95

2.74 26442CAY0 DUKE ENERGY CAROLINAS LLC

2.45 08/15/2029 250,000.00 12/18/20244.72%
226,517.50
235,095.52

93.64 4.78%
234,094.00
272.22

1.10%
(1,001.52)
Aa3/A
NA

2.96 2.80
61748UAK8 MORGAN STANLEY 4.133
10/18/2029 155,000.00 10/17/20254.25%
155,019.50
155,013.89

98.40 4.83%
152,519.38
2,366.72

0.71%
(2,494.51)
A1/AA+3.13

1.98 38141GD27 GOLDMAN SACHS GROUP INC

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

98.41 4.82%
103,329.35
1,574.68

0.48%
(1,670.66)
A2/BBB+
A

3.14 1.99
14913UAU4 CATERPILLAR FINANCIAL
SERVICES CORP 4.7 11/15/2029 250,000.00 11/12/20244.74% 249,592.50
249,738.67

99.98 4.71%
249,946.50
3,459.72

1.17%
207.83
A1/A
A+

3.21 2.91
89236TNA9 TOYOTA MOTOR CREDIT CORP

4.95 01/09/2030 170,000.00 01/06/20255.00%
169,636.20
169,755.74
100.34

4.84%
170,575.28
1,215.50

0.80%
819.54
A1/A+
A+

3.36 3.04
63743HFX5

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

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

4.90%
250,550.00
250,377.99
100.12

4.91%
250,302.75
825.00

1.17%
(75.24)
A2/NA
A

3.44 3.11
571748CA8

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

4.67%
249,755.00
249,825.83

99.23 4.89%
248,064.50
5,360.42

1.16%
(1,761.33)
A3/AA3.54

3.16 931142FN8 WALMART INC 4.35 04/28/2030 185,000.00 04/23/2025

4.39%
184,679.95
184,766.01

99.10 4.62%
183,326.49
2,749.56

0.86%
(1,439.52)
Aa2/AA
AA

3.66 3.29
69371RT71 PACCAR FINANCIAL CORP 4.55
05/08/2030 230,000.00 05/05/20254.59%
229,643.50
229,737.41

99.48 4.70%
228,805.38
3,284.85

1.07%
(932.03)
A1/A+
NA

3.68 3.31
30303MAB8 META PLATFORMS INC 4.2
11/15/2030 250,000.00 11/13/20254.16%
250,482.50
250,405.00

96.92 5.02%
242,308.25
3,091.67

1.13%
(8,096.75)
Aa3/AANA4.21

3.75 74340XCQ2 PROLOGIS LP 4.75 01/15/2031 250,000.00 01/14/2026

4.22%
255,812.50
255,070.96

99.48 4.88%
248,696.75
1,517.36

1.16%
(6,374.21)
A2/A
NA

4.38 3.88
92826CAZ5 VISA INC. 4.1 02/12/2031 140,000.00 02/03/2026

4.13%
139,812.40
139,833.05

97.81 4.65%
136,940.16
302.94

0.64%
(2,892.89)
Aa3/AANA4.45

4.00 02079KBK2 ALPHABET INC. 4.1 02/15/2031 200,000.00 02/12/2026

4.10%
200,011.33
200,010.02

96.64 4.95%
193,285.80
364.44

0.90%
(6,724.22)
Aa2/AA+
NA

4.46 4.00
06051GJB6 BANK OF AMERICA CORP 2.592
04/29/2031 300,000.00 05/20/20265.02%
275,859.00
277,237.34

91.79 5.23%
275,365.20
2,635.20

1.29%
(1,872.14)
A1/AAA4.66

3.39 58933YCK9 MERCK & CO INC 4.65
05/22/2031 85,000.00 05/18/20264.66%
84,947.30
84,950.24

98.99 4.89%
84,142.27
1,086.94

0.39%
(807.98)
Aa3/A+
NA

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 INCORPORATED

4.6 06/08/2031 180,000.00 06/04/20264.62%
179,856.00
179,862.70

98.69 4.91%
177,640.92
1,909.00

0.83%
(2,221.78)
Aa3/A+
NA

4.77 4.19
67066GAR5 NVIDIA CORP 4.5 06/15/2031 110,000.00 06/15/2026

4.54%
109,791.00
109,799.60

97.69 5.05%
107,461.20
1,003.75

0.50%
(2,338.40)
Aa1/AA
NA

4.79 4.21
023135EC6 AMAZON.COM INC 4.8
07/09/2031 285,000.00 07/07/20264.83%
284,638.05
284,648.75

99.08 5.01%
282,391.11
1,976.00

1.32%
(2,257.64)
A1/AA
AA4.854.25
Total Corporate 5,805,000.00 4.50%
5,766,831.18
5,774,355.77

98.59 4.80%
5,720,462.27
49,321.91

26.76%
(53,893.51)

3.34 2.83

MONEY MARKET
FUND
X9USDDGCM BNY DREYFUS GVT CM INST 90,006.82 --

3.58%
90,006.82
90,006.82

1.00 3.58%
90,006.82

0.00 0.42%

0.00 Aaa/
AAAm
NA

0.00 0.00
Total Money
Market Fund 90,006.82 3.58%
90,006.82
90,006.82

1.00 3.58%
90,006.82

0.00 0.42%

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
205,665.07

99.91 4.53%
204,816.12
768.75

0.96%
(848.96)
Aa2/AAAA2.92

2.70 Total Municipal
Bonds 205,000.00 4.38%
206,080.35
205,665.07

99.91 4.53%
204,816.12
768.75

0.96%
(848.96)

2.92 2.70

SUPRANATIONAL
459058LN1

INTERNATIONAL BANK FOR

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

4.29%
343,689.50
345,920.52

98.36 4.44%
344,250.55
5,085.50

1.61%
(1,669.97)
Aaa/AAA
NA

3.13 2.87
459058LR2

INTERNATIONAL BANK FOR

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

4.20%
124,553.75
124,683.27

98.89 4.47%
123,613.38
2,305.99

0.58%
(1,069.90)
Aaa/AAA
NA

3.55 3.21
Total
Supranational 475,000.00 4.27%
468,243.25
470,603.80

98.50 4.45%
467,863.93
7,391.49

2.19%
(2,739.87)

3.24 2.96

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
91282CKV2 UNITED STATES TREASURY 4.625
06/15/2027 300,000.00 05/28/20263.90%
302,214.84
301,664.03
100.36

4.15%
301,072.20
2,956.97

1.41%
(591.83)
Aa1/AA+
AA+

0.79 0.76
91282CKZ3 UNITED STATES TREASURY 4.375
07/15/2027 375,000.00 08/08/20243.91%
379,804.69
376,423.45
100.16

4.18%
375,591.75
2,139.95

1.76%
(831.70)
Aa1/AA+
AA+

0.87 0.84
91282CPS4 UNITED STATES TREASURY 3.375
12/31/2027 300,000.00 05/28/20264.01%
297,105.47
297,578.76

98.81 4.30%
296,437.50
1,733.36

1.39%
(1,141.26)
Aa1/AA+
AA+

1.33 1.28
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 375,000.00 08/08/20243.87%
376,552.73
375,652.65

99.55 4.32%
373,300.88

41.44 1.75%
(2,351.77)
Aa1/AA+
AA+

1.50 1.44
91282CHK0 UNITED STATES TREASURY 4.0
06/30/2028 350,000.00 08/20/20243.76%
353,007.81
351,425.99

99.41 4.34%
347,935.70
2,396.74

1.63%
(3,490.29)
Aa1/AA+
AA+

1.83 1.73
91282CNU1 UNITED STATES TREASURY 3.625
08/15/2028 250,000.00 01/29/20263.60%
250,156.25
250,120.22

98.66 4.35%
246,640.75
418.65

1.15%
(3,479.47)
Aa1/AA+
AA+

1.96 1.86
91282CJF9 UNITED STATES TREASURY 4.875
10/31/2028 375,000.00 08/08/20243.85%
389,765.63
382,564.52
101.04

4.36%
378,896.63
6,159.99

1.77%
(3,667.89)
Aa1/AA+
AA+

2.17 2.00
91282CPP0 UNITED STATES TREASURY 3.5
12/15/2028 250,000.00 01/29/20263.62%
249,169.92
249,339.10

98.11 4.37%
245,283.25
1,864.75

1.15%
(4,055.85)
Aa1/AA+
AA+

2.29 2.15
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 375,000.00 11/26/20244.21%
375,585.94
375,343.50

99.70 4.38%
373,886.63

44.03 1.75%
(1,456.87)
Aa1/AA+
AA+

2.50 2.34
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 350,000.00 11/18/20244.31%
347,498.05
348,520.50

99.37 4.39%
347,785.20
6,074.80

1.63%
(735.30)
Aa1/AA+
AA+

2.58 2.38
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 375,000.00 08/08/20243.84%
387,583.01
382,090.25
100.58

4.39%
377,167.88
5,844.09

1.76%
(4,922.38)
Aa1/AA+
AA+

2.66 2.45
91282CQR5 UNITED STATES TREASURY 3.875
05/15/2029 350,000.00 08/27/20264.27%
346,458.98
346,473.27

98.69 4.39%
345,406.25
4,017.15

1.62%
(1,067.02)
Aa1/AA+
AA+

2.70 2.51
91282CEV9 UNITED STATES TREASURY 3.25
06/30/2029 350,000.00 11/18/20244.31%
334,591.80
340,548.30

96.95 4.41%
339,335.85
1,947.35

1.59%
(1,212.45)
Aa1/AA+
AA+

2.83 2.65
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 350,000.00 08/20/20243.70%
354,634.77
352,732.07

98.88 4.41%
346,089.80
1,217.39

1.62%
(6,642.27)
Aa1/AA+
AA+

2.91 2.71
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 400,000.00 --3.60%
400,687.50
400,331.56

97.80 4.42%
391,187.60

40.06 1.83%
(9,143.96)
Aa1/AA+
AA+

3.00 2.80
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 400,000.00 --4.09%
389,617.18
393,437.79

97.38 4.42%
389,515.60
5,890.71

1.82%
(3,922.19)
Aa1/AA+
AA+

3.08 2.84
91282CLR0 UNITED STATES TREASURY 4.125
10/31/2029 400,000.00 --4.33%
396,388.68
397,668.70

99.11 4.43%
396,422.00
5,559.78

1.85%
(1,246.70)
Aa1/AA+
AA+

3.17 2.89
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 400,000.00 12/11/20244.09%
400,546.88
400,357.55

99.08 4.43%
396,312.40
4,192.62

1.85%
(4,045.15)
Aa1/AA+
AA+

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CMD0 UNITED STATES TREASURY 4.375
12/31/2029 400,000.00 --4.45%
398,679.69
399,112.28

99.82 4.43%
399,281.20
2,995.92

1.87%
168.92
Aa1/AA+
AA+

3.33 3.04
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030 300,000.00 04/07/20253.75%
303,375.00
302,426.36

98.54 4.45%
295,605.60
5,049.18

1.38%
(6,820.76)
Aa1/AA+
AA+

3.58 3.24
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 500,000.00 09/16/20253.57%
506,425.78
505,095.65

98.07 4.45%
490,371.00
6,528.53

2.29%
(14,724.65)
Aa1/AA+
AA+

3.66 3.33
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030 350,000.00 06/09/20254.08%
348,742.19
349,052.49

98.44 4.45%
344,544.90
3,557.38

1.61%
(4,507.59)
Aa1/AA+
AA+

3.75 3.40
91282CNK3 UNITED STATES TREASURY 3.875
06/30/2030 325,000.00 07/29/20253.95%
323,933.59
324,169.91

97.96 4.46%
318,360.25
2,156.00

1.49%
(5,809.66)
Aa1/AA+
AA+

3.83 3.49
91282CNN7 UNITED STATES TREASURY 3.875
07/31/2030 225,000.00 08/26/20253.77%
226,081.05
225,858.71

97.91 4.46%
220,297.95
758.15

1.03%
(5,560.76)
Aa1/AA+
AA+

3.91 3.57
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 500,000.00 09/16/20253.58%
500,937.50
500,756.63

96.93 4.47%
484,668.00

50.07 2.27%
(16,088.63)
Aa1/AA+
AA+

4.00 3.67
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030 150,000.00 12/09/20253.77%
148,154.30
148,423.63

96.24 4.48%
144,357.45
1,334.02

0.68%
(4,066.18)
Aa1/AA+
AA+

4.25 3.85
91282CPR6 UNITED STATES TREASURY 3.625
12/31/2030 350,000.00 01/29/20263.82%
347,033.20
347,386.71

96.65 4.48%
338,283.05
2,172.04

1.58%
(9,103.66)
Aa1/AA+
AA+

4.33 3.93
Total US Treasury 9,425,000.00 3.93%
9,434,732.43
9,424,554.56

98.73 4.39%
9,304,037.25
77,141.10

43.53%
(120,517.31)

2.82 2.60
Total Portfolio 21,789,045.83 4.21%
21,550,943.31
21,594,531.58

97.76 4.54%
21,375,688.10
154,249.05
100.00%
(218,843.48)

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

ACQUISITIONS
Purchase 08/03/2026 X9USDDGCM 14,203.00 BNY DREYFUS GVT CM INST 1.000 3.56% (14,203.00) 0.00 (14,203.00) 0.00
Purchase 08/04/2026 X9USDDGCM 660.40 BNY DREYFUS GVT CM INST 1.000 3.54% (660.40) 0.00 (660.40) 0.00
Purchase 08/07/2026 X9USDDGCM 6,187.50 BNY DREYFUS GVT CM INST 1.000 3.55% (6,187.50) 0.00 (6,187.50) 0.00
Purchase 08/10/2026 X9USDDGCM 5,118.75 BNY DREYFUS GVT CM INST 1.000 3.55% (5,118.75) 0.00 (5,118.75) 0.00
Purchase 08/12/2026 X9USDDGCM 2,870.00 BNY DREYFUS GVT CM INST 1.000 3.55% (2,870.00) 0.00 (2,870.00) 0.00
Purchase 08/14/2026 X9USDDGCM 4,935.00 BNY DREYFUS GVT CM INST 1.000 3.55% (4,935.00) 0.00 (4,935.00) 0.00
Purchase 08/17/2026 X9USDDGCM 18,085.11 BNY DREYFUS GVT CM INST 1.000 3.54% (18,085.11) 0.00 (18,085.11) 0.00
Purchase 08/17/2026 X9USDDGCM 37,765.97 BNY DREYFUS GVT CM INST 1.000 3.54% (37,765.97) 0.00 (37,765.97) 0.00
Purchase 08/20/2026 X9USDDGCM 563.58 BNY DREYFUS GVT CM INST 1.000 3.54% (563.58) 0.00 (563.58) 0.00
Purchase 08/21/2026 X9USDDGCM 362.58 BNY DREYFUS GVT CM INST 1.000 3.55% (362.58) 0.00 (362.58) 0.00
Purchase 08/24/2026 X9USDDGCM 5,687.50 BNY DREYFUS GVT CM INST 1.000 3.55% (5,687.50) 0.00 (5,687.50) 0.00
Purchase 08/25/2026 X9USDDGCM 7,164.56 BNY DREYFUS GVT CM INST 1.000 3.56% (7,164.56) 0.00 (7,164.56) 0.00
Purchase 08/25/2026 X9USDDGCM 20,530.32 BNY DREYFUS GVT CM INST 1.000 3.56% (20,530.32) 0.00 (20,530.32) 0.00
Purchase 08/28/2026 91282CQR5 350,000.00

UNITED STATES
TREASURY 3.875
05/15/2029

98.988 4.27% (346,458.98) (3,869.74) (350,328.72) 0.00
Purchase 08/31/2026 X9USDDGCM 31,781.25 BNY DREYFUS GVT CM INST 1.000 3.58% (31,781.25) 0.00 (31,781.25) 0.00
Total Purchase 505,915.52 (502,374.50) (3,869.74) (506,244.24) 0.00 Item 7.3
Tuesday, October 06, 2026 42 of 160
CONFIDENTIAL | 15
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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
ACQUISITIONS 505,915.52 (502,374.50) (3,869.74) (506,244.24) 0.00

DISPOSITIONS
Sale 08/28/2026 X9USDDGCM (111,770.62) BNY DREYFUS GVT CM INST 1.000 3.56% 111,770.62 0.00 111,770.62 0.00
Sale 08/28/2026 X9USDDGCM (238,558.10) BNY DREYFUS GVT CM INST 1.000 3.56% 238,558.10 0.00 238,558.10 0.00
Total Sale (350,328.72) 350,328.72 0.00 350,328.72 0.00 TOTAL
DISPOSITIONS (350,328.72) 350,328.72 0.00 350,328.72 0.00 OTHER

TRANSACTIONS
Coupon 08/01/2026 3137FLN91 0.00 FHMS K-091 A2 3.505
03/25/2029 4.62% 876.25 0.00 876.25 0.00
Coupon 08/01/2026 3137FJEH8 0.00 FHMS K-081 A2 3.9
08/25/2028 4.53% 812.50 0.00 812.50 0.00
Coupon 08/01/2026 91159HJK7 0.00 US BANCORP 4.653
02/01/2029 4.47% 4,653.00 0.00 4,653.00 0.00
Coupon 08/01/2026 3137FX3Q9 0.00 FHMS K-117 A2 1.406
08/25/2030 4.46% 292.92 0.00 292.92 0.00
Coupon 08/01/2026 3137FRUJ8 0.00 FHMS K-105 A2 1.872
01/25/2030 4.43% 429.00 0.00 429.00 0.00
Coupon 08/01/2026 3137FWG79 0.00 FHMS K-115 A2 1.383
06/25/2030 4.39% 288.13 0.00 288.13 0.00
Coupon 08/01/2026 3137FNAE0 0.00 FHMS K-095 A2 2.785
06/25/2029 4.39% 580.21 0.00 580.21 0.00
Coupon 08/01/2026 13063EGT7 0.00 CALIFORNIA STATE 4.5
08/01/2029 4.38% 4,612.50 0.00 4,612.50 0.00
Coupon 08/01/2026 3137FJKE8 0.00 FHMS K-082 A2 3.92
09/25/2028 4.27% 816.67 0.00 816.67 0.00
Item 7.3
Tuesday, October 06, 2026 43 of 160
CONFIDENTIAL | 16
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 08/01/2026 3137FPHK4 0.00 FHMS K-098 A2 2.425
08/25/2029 4.26% 606.25 0.00 606.25 0.00
Coupon 08/01/2026 3137FMCR1 0.00 FHMS K-093 A2 2.982
05/25/2029 4.15% 364.43 0.00 364.43 0.00
Coupon 08/01/2026 3137F62M8 0.00 FHMS K-118 A2 1.493
09/25/2030 4.03% 311.04 0.00 311.04 0.00
Coupon 08/01/2026 756109CW2 0.00

REALTY INCOME
CORPORATION 3.95
02/01/2029

4.01% 4,937.50 0.00 4,937.50 0.00
Coupon 08/01/2026 3137F83Q4 0.00 FHMS K-121 A2 1.547
10/25/2030 4.00% 322.29 0.00 322.29 0.00
Coupon 08/01/2026 3137FKSH0 0.00 FHMS K-086 A2 3.859
11/25/2028 3.82% 482.37 0.00 482.37 0.00
Coupon 08/07/2026 63743HFX5 0.00

NATIONAL RURAL

UTILITIES COOPERATIVE
FINANCE CORP 4.95
02/07/2030

4.90% 6,187.50 0.00 6,187.50 0.00
Coupon 08/09/2026 89236TMK8 0.00 TOYOTA MOTOR CREDIT
CORP 4.55 08/09/2029 4.49% 5,118.75 0.00 5,118.75 0.00
Coupon 08/12/2026 92826CAZ5 0.00 VISA INC. 4.1
02/12/2031 4.13% 2,870.00 0.00 2,870.00 0.00
Coupon 08/14/2026 532457CQ9 0.00

ELI LILLY AND
COMPANY 4.2
08/14/2029

4.22% 4,935.00 0.00 4,935.00 0.00
Coupon 08/15/2026 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 5.09% 352.50 0.00 352.50 0.00
Coupon 08/15/2026 44935KAD5 0.00 HART 2026-B A3 4.51
02/18/2031 4.86% 451.00 0.00 451.00 0.00
Coupon 08/15/2026 58773DAD6 0.00 MBART 2025-1 A3 4.78
12/17/2029 4.84% 458.08 0.00 458.08 0.00
Coupon 08/15/2026 89231HAD8 0.00 TAOT 2025-B A3 4.34
11/15/2029 4.82% 235.08 0.00 235.08 0.00
Coupon 08/15/2026 89231DAD7 0.00 TAOT 2026-C A3 4.51
03/17/2031 4.80% 315.70 0.00 315.70 0.00
Item 7.3
Tuesday, October 06, 2026 44 of 160
CONFIDENTIAL | 17
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 08/15/2026 26442CAY0 0.00

DUKE ENERGY
CAROLINAS LLC 2.45
08/15/2029

4.72% 3,062.50 0.00 3,062.50 0.00
Coupon 08/15/2026 34535VAD6 0.00 FORDO 2024-D A3 4.61
08/15/2029 4.66% 461.00 0.00 461.00 0.00
Coupon 08/15/2026 47800RAD5 0.00 JDOT 2024 A3 4.96
11/15/2028 4.63% 516.70 0.00 516.70 0.00
Coupon 08/15/2026 891940AC2 0.00 TAOT 2023-A A3 4.63
09/15/2027 4.63% 38.00 0.00 38.00 0.00
Coupon 08/15/2026 02589BAE0 0.00 AMXCA 2024-3 A 4.65
07/15/2027 4.57% 775.00 0.00 775.00 0.00
Coupon 08/15/2026 89239TAD4 0.00 TAOT 2024-D A3 4.4
06/15/2029 4.51% 195.95 0.00 195.95 0.00
Coupon 08/15/2026 44935XAD7 0.00 HART 2025-B A3 4.36
12/17/2029 4.36% 290.67 0.00 290.67 0.00
Coupon 08/15/2026 43814YAD3 0.00 HAROT 2026-2 A3 4.3
11/15/2030 4.34% 573.33 0.00 573.33 0.00
Coupon 08/15/2026 92970QAE5 0.00 WFCIT 2024-2 A 4.29
10/15/2029 4.29% 393.25 0.00 393.25 0.00
Coupon 08/15/2026 02582JKP4 0.00 AMXCA 2025-2 A 4.28
04/15/2030 4.28% 606.33 0.00 606.33 0.00
Coupon 08/15/2026 02079KBK2 0.00 ALPHABET INC. 4.1
02/15/2031 4.10% 4,145.56 0.00 4,145.56 0.00
Coupon 08/15/2026 58770YAD3 0.00 MBALT 2026-A A3 3.93
01/15/2030 3.97% 196.50 0.00 196.50 0.00
Coupon 08/15/2026 91282CNU1 0.00

UNITED STATES
TREASURY 3.625
08/15/2028

3.60% 4,531.25 0.00 4,531.25 0.00
Coupon 08/16/2026 362955AD8 0.00 GMCAR 2025-1 A3 4.62
12/17/2029 5.03% 298.24 0.00 298.24 0.00
Coupon 08/16/2026 38014AAD3 0.00 GMCAR 2024-4 A3 4.4
08/16/2029 4.32% 188.47 0.00 188.47 0.00
Coupon 08/20/2026 362962AD4 0.00 GMALT 2025-2 A3 4.58
05/22/2028 4.84% 362.58 0.00 362.58 0.00
Item 7.3
Tuesday, October 06, 2026 45 of 160
CONFIDENTIAL | 18
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 08/20/2026 36275AAD1 0.00 GMALT 2026-2 A3 4.3
03/20/2029 4.40% 250.83 0.00 250.83 0.00
Coupon 08/20/2026 379965AD8 0.00 GMALT 2025-3 A3 4.17
08/21/2028 4.18% 312.75 0.00 312.75 0.00
Coupon 08/24/2026 17275RBW1 0.00 CISCO SYSTEMS INC

4.55 02/24/2028 4.32% 5,687.50 0.00 5,687.50 0.00
Coupon 08/25/2026 096919AD7 0.00 BMWOT 2024-A A3

5.18 02/26/2029 4.69% 982.50 0.00 982.50 0.00
Coupon 08/31/2026 91282CKD2 0.00

UNITED STATES
TREASURY 4.25
02/28/2029

4.21% 7,968.75 0.00 7,968.75 0.00
Coupon 08/31/2026 91282CGP0 0.00

UNITED STATES
TREASURY 4.0
02/29/2028

3.87% 7,500.00 0.00 7,500.00 0.00
Coupon 08/31/2026 91282CLK5 0.00

UNITED STATES
TREASURY 3.625
08/31/2029

3.60% 7,250.00 0.00 7,250.00 0.00
Coupon 08/31/2026 91282CNX5 0.00

UNITED STATES
TREASURY 3.625
08/31/2030

3.58% 9,062.50 0.00 9,062.50 0.00
Total Coupon 0.00 96,958.83 0.00 96,958.83 0.00
Dividend 08/31/2026 X9USDDGCM 0.00 BNY DREYFUS GVT CM
INST 3.57% 912.51 0.00 912.51 0.00
Total Dividend 0.00 912.51 0.00 912.51 0.00
Principal Paydown 08/01/2026 3137FMCR1 169.76 FHMS K-093 A2 2.982 05/25/2029 4.15% 169.76 -- 169.76 0.00
Principal Paydown 08/15/2026 58773DAD6 5,204.20 MBART 2025-1 A3 4.78 12/17/2029 4.84% 5,204.20 -- 5,204.20 (0.00)
Principal Paydown 08/15/2026 34535VAD6 3,994.78 FORDO 2024-D A3 4.61 08/15/2029 4.66% 3,994.78 -- 3,994.78 0.00
Principal Paydown 08/15/2026 47800RAD5 11,284.85 JDOT 2024 A3 4.96 11/15/2028 4.63% 11,284.85 -- 11,284.85 0.00
Principal Paydown 08/15/2026 891940AC2 4,952.45 TAOT 2023-A A3 4.63 09/15/2027 4.63% 4,952.45 -- 4,952.45 (0.00)
Item 7.3
Tuesday, October 06, 2026 46 of 160
CONFIDENTIAL | 19
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Principal Paydown 08/15/2026 89239TAD4 3,570.68 TAOT 2024-D A3 4.4 06/15/2029 4.51% 3,570.68 -- 3,570.68 0.00
Principal Paydown 08/16/2026 362955AD8 4,540.53 GMCAR 2025-1 A3 4.62 12/17/2029 5.03% 4,540.53 -- 4,540.53 0.00
Principal Paydown 08/16/2026 38014AAD3 4,218.48 GMCAR 2024-4 A3 4.4 08/16/2029 4.32% 4,218.48 -- 4,218.48 (0.00)
Principal Paydown 08/25/2026 096919AD7 20,360.56 BMWOT 2024-A A3

5.18 02/26/2029 4.69% 20,360.56 -- 20,360.56 0.00
Total Principal
Paydown 58,296.29 58,296.29 -- 58,296.29 0.01

TOTAL OTHER
TRANSACTIONS 58,296.29 156,167.63 0.00 156,167.63 0.01
Item 7.3
Tuesday, October 06, 2026 47 of 160
CONFIDENTIAL | 20
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH & EQUIVALENTS
CCYUSD Receivable
912.51
660.40

0.00 0.00
912.51

0.00 0.00

0.00 X9USDDGCM BNY DREYFUS GVT CM INST
90,006.82
284,420.02
155,915.52
(350,328.72)
90,006.82

0.00 660.40

0.00 0.00

0.00 660.40
660.40
Total Cash & Equivalents 90,919.33
285,080.42
155,915.52
(350,328.72)
90,919.33

0.00 660.40

0.00 0.00

0.00 660.40 660.40

FIXED INCOME
00287YDY2 ABBVIE INC. 4.65 03/15/2028
02/18/2025
02/26/2025
125,000.00
124,911.57

0.00 0.00
124,916.20
2,195.83

0.00 2,680.21
484.38

4.63 0.00

4.63 489.01
489.01
02079KBK2 ALPHABET INC. 4.1
02/15/2031
02/12/2026
02/17/2026
200,000.00
200,010.22

0.00 0.00
200,010.02
3,826.67
4,145.56
364.44
683.34

0.69 (0.90)
(0.21)
683.13
683.13
023135EC6 AMAZON.COM INC 4.8
07/09/2031
07/07/2026
07/09/2026
285,000.00
284,642.61

0.00 0.00
284,648.75
836.00

0.00 1,976.00
1,140.00

6.14 0.00

6.14 1,146.14
1,146.14
025816EJ4 AMERICAN EXPRESS
COMPANY 4.351 07/20/2029
07/21/2025
07/25/2025
170,000.00
170,000.00

0.00 0.00
170,000.00
226.01

0.00 842.40
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
169,997.68

0.00 0.00
169,997.74
323.38
606.33
323.38
606.33

0.05 0.00

0.00 0.00
200,198.35
413.33
775.00
413.33
775.00

0.00 (19.40)
(19.40)
755.60
755.60
06051GJB6 BANK OF AMERICA CORP

2.592 04/29/2031
05/20/2026
05/21/2026
300,000.00
276,822.50

0.00 0.00
277,237.34
1,987.20

0.00 2,635.20
648.00
414.84

0.00 414.84
1,062.84
1,062.84
06406RBG1 BANK OF NEW YORK MELLON
CORP 3.992 06/13/2028
09/05/2024
09/06/2024
225,000.00
224,414.31

0.00 0.00
224,471.76
1,197.60

0.00 1,946.10
748.50

57.46 0.00

57.46 805.96
805.96
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 207,246.09
228,818.89

0.00 (20,360.56)
208,293.05
196.50
982.50
178.92
964.92

0.00 (165.28)
(165.28)
799.64
799.64
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029
10/30/2024
11/05/2024
205,000.00
205,684.43

0.00 0.00
205,665.07
4,612.50
4,612.50
768.75
768.75

0.00 (19.36)
(19.36)
749.39
749.39
14041NGJ4 COMET 2026-1 A 4.48
07/16/2029
07/09/2026
07/16/2026
220,000.00
219,949.62

0.00 0.00
219,951.06
410.67

0.00 1,232.00
821.33

1.45 0.00

1.45 822.78
822.78
14913UAU4

CATERPILLAR FINANCIAL
SERVICES CORP 4.7
11/15/2029
11/12/2024
11/15/2024
250,000.00
249,731.76

0.00 0.00
249,738.67
2,480.56

0.00 3,459.72
979.17

6.92 0.00

6.92 986.08
986.08
17275RBW1 CISCO SYSTEMS INC 4.55
02/24/2028
03/11/2025
03/12/2025
250,000.00
250,804.01

0.00 0.00
250,757.94
4,960.76
5,687.50
221.18
947.92

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

4.85 06/11/2029
08/12/2024
08/13/2024
225,000.00
227,571.30

0.00 0.00
227,495.03
1,515.63

0.00 2,425.00
909.38

0.00 0.00
235,095.52
2,824.31
3,062.50
272.22
510.42
428.21

0.00 428.21
938.63
938.63
30303MAB8 META PLATFORMS INC 4.2
11/15/2030
11/13/2025
11/17/2025
250,000.00
250,413.34

0.00 0.00
250,405.00
2,216.67

0.00 3,091.67
875.00

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

3.5 09/09/2027
09/23/2025
09/24/2025
500,000.00
499,319.13

0.00 0.00
499,371.38
6,902.78

0.00 8,361.11
1,458.33

52.24 0.00

52.24 1,510.58
1,510.58
3137F62M8 FHMS K-118 A2 1.493
09/25/2030
01/29/2026
01/30/2026
250,000.00
226,513.52

0.00 0.00
227,001.51
311.04
311.04
311.04
311.04
487.99

0.00 487.99
799.03
799.03
3137F83Q4 FHMS K-121 A2 1.547
10/25/2030
01/08/2026
01/13/2026
250,000.00
226,669.31

0.00 0.00
227,144.51
322.29
322.29
322.29
322.29
475.20

0.00 475.20
797.49
797.49
3137FJEH8 FHMS K-081 A2 3.9
08/25/2028
11/21/2024
11/26/2024
250,000.00
246,919.32

0.00 0.00
247,049.97
812.50
812.50
812.50
812.50
130.64

0.00 130.64
943.14
943.14
3137FJKE8 FHMS K-082 A2 3.92
09/25/2028
06/10/2025
06/13/2025
250,000.00
248,051.06

0.00 0.00
248,130.35
816.67
816.67
816.67
816.67

79.29 0.00

79.29 895.96
895.96
3137FKSH0 FHMS K-086 A2 3.859
11/25/2028
09/18/2024
09/23/2024
150,000.00
150,003.22

0.00 0.00
150,003.09
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
292,201.53

0.00 0.00
292,457.89
876.25
876.25
876.25
876.25
256.37

0.00 (169.76)
142,415.12
364.43
364.43
364.01
364.01
134.50

0.00 134.50
498.50
498.50
3137FNAE0 FHMS K-095 A2 2.785
06/25/2029
03/13/2025
03/18/2025
250,000.00
239,695.17

0.00 0.00
240,003.81
580.21
580.21
580.21
580.21
308.65

0.00 308.65
888.86
888.86
3137FPHK4 FHMS K-098 A2 2.425
08/25/2029
10/17/2024
10/22/2024
300,000.00
285,197.28

0.00 0.00
285,615.97
606.25
606.25
606.25
606.25
418.69

0.00 418.69
1,024.94
1,024.94
3137FRUJ8 FHMS K-105 A2 1.872
01/25/2030
03/17/2025
03/20/2025
275,000.00
253,469.87

0.00 0.00
254,004.24
429.00
429.00
429.00
429.00
534.37

0.00 534.37
963.37
963.37
3137FWG79 FHMS K-115 A2 1.383
06/25/2030
06/17/2026
06/23/2026
250,000.00
223,558.85

0.00 0.00
224,144.33
288.13
288.13
288.13
288.13
585.48

0.00 585.48
873.61
873.61
3137FX3Q9 FHMS K-117 A2 1.406
08/25/2030
06/03/2026
06/08/2026
250,000.00
222,472.52

0.00 0.00
223,056.61
292.92
292.92
292.92
292.92
584.09

0.00 584.09
877.01
877.01
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029
11/19/2024
11/22/2024
116,005.22
119,997.53

0.00 (3,994.78)
116,002.90
245.87
461.00
237.68
452.82

0.15 0.00

0.15 452.96
452.96
36275AAD1 GMALT 2026-2 A3 4.3
03/20/2029
05/05/2026
05/14/2026
70,000.00
69,993.00

0.00 0.00
69,993.23

91.97 250.83

0.23 0.00

0.23 251.06
251.06
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029
01/09/2025
01/15/2025
72,923.63
77,460.21

0.00 (4,540.53)
72,920.01
149.12
298.24
140.38
289.50

0.33 0.00

0.00 0.00
94,999.09
132.95
362.58
132.95
362.58

0.05 0.00

0.05 362.63
362.63
379965AD8 GMALT 2025-3 A3 4.17
08/21/2028
08/05/2025
08/13/2025
90,000.00
89,990.69

0.00 0.00
89,991.08
114.68
312.75
114.68
312.75

0.38 0.00

0.38 313.13
313.13
38014AAD3 GMCAR 2024-4 A3 4.4
08/16/2029
10/08/2024
10/16/2024
47,182.30
51,394.54

0.00 (4,218.48)
47,176.74

94.23 188.47

86.50 180.74

0.67 0.00

0.67 181.41
181.41
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
1,211.29

0.00 1,574.68
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
159,995.60

0.00 0.00
159,995.69
305.78
573.33
305.78
573.33

0.09 0.00

0.09 573.42
573.42
44935KAD5 HART 2026-B A3 4.51
02/18/2031
06/09/2026
06/17/2026
120,000.00
119,985.90

0.00 0.00
119,986.16
240.53
451.00
240.53
451.00

0.26 0.00

0.26 451.26
451.26
44935XAD7 HART 2025-B A3 4.36
12/17/2029
06/03/2025
06/11/2025
80,000.00
79,994.60

0.00 0.00
79,994.74
155.02
290.67
155.02
290.67

0.14 0.00

0.14 290.81
290.81
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
12/13/2024
12/16/2024
350,000.00
345,809.69

0.00 0.00
345,920.52
3,955.00

0.00 5,085.50
1,130.50
110.84

0.00 110.84
1,241.34
1,241.34
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
03/14/2025
03/20/2025
125,000.00
124,675.70

0.00 0.00
124,683.27
1,876.30

0.00 2,305.99
429.69

7.58 0.00

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

0.00 0.00
115,000.00
109.90

0.00 580.93
471.02

0.00 0.00

0.00 471.02
471.02
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
100,000.00
99,995.65

0.00 0.00
99,995.76
188.00
352.50
188.00
352.50

0.12 0.00

0.12 352.62
352.62
47800RAD5 JDOT 2024 A3 4.96
11/15/2028
02/20/2025
02/21/2025
113,724.37
125,370.49

0.00 (11,284.85)
114,032.69
275.58
516.70
250.70
491.82

0.00 (52.95)
(52.95)
438.87
438.87
532457CQ9 ELI LILLY AND COMPANY 4.2
08/14/2029
08/12/2024
08/14/2024
235,000.00
234,860.13

0.00 0.00
234,864.04
4,578.58
4,935.00
466.08
822.50

3.91 0.00

3.91 826.41
826.41
571748CA8

MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030
03/24/2025
03/25/2025
250,000.00
249,821.65

0.00 0.00
249,825.83
4,391.67

0.00 5,360.42
968.75

4.18 0.00

4.18 972.93
972.93
57636QBL7

MASTERCARD
INCORPORATED 4.6
06/08/2031
06/04/2026
06/08/2026
180,000.00
179,860.26

0.00 0.00
179,862.70
1,219.00

0.00 1,909.00
690.00

2.44 0.00

2.44 692.44
692.44
58770YAD3 MBALT 2026-A A3 3.93
01/15/2030
01/13/2026
01/21/2026
60,000.00
59,989.67

0.00 0.00
59,989.92
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
109,795.80
114,983.13

0.00 (5,204.20)
109,780.09
244.31
458.08
233.26
447.02

1.17 0.00

1.17 448.19
448.19
58933YCK9 MERCK & CO INC 4.65
05/22/2031
05/18/2026
05/22/2026
85,000.00
84,949.35

0.00 0.00
84,950.24
757.56

0.00 1,086.94
329.38

0.89 0.00

0.00 0.00
155,013.89
1,832.87

0.00 2,366.72
533.85

0.00 (0.55)
(0.55)
533.29
533.29
63743HFX5

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

4.95 02/07/2030
02/20/2025
02/21/2025
250,000.00
250,387.56

0.00 0.00
250,377.99
5,981.25
6,187.50
825.00
1,031.25

0.00 (9.57)
(9.57)
1,021.68
1,021.68
67066GAR5 NVIDIA CORP 4.5 06/15/2031
06/15/2026
06/18/2026
110,000.00
109,796.04

0.00 0.00
109,799.60
591.25

0.00 1,003.75
412.50

3.55 0.00

3.55 416.05
416.05
69371RT71 PACCAR FINANCIAL CORP

4.55 05/08/2030
05/05/2025
05/08/2025
230,000.00
229,731.36

0.00 0.00
229,737.41
2,412.76

0.00 3,284.85
872.08

6.05 0.00

6.05 878.14
878.14
74340XCQ2 PROLOGIS LP 4.75
01/15/2031
01/14/2026
01/15/2026
250,000.00
255,171.34

0.00 0.00
255,070.96
527.78

0.00 1,517.36
989.58

0.00 (100.38)
(100.38)
889.20
889.20
756109CW2

REALTY INCOME
CORPORATION 3.95
02/01/2029
01/07/2026
01/08/2026
250,000.00
249,654.83

0.00 0.00
249,666.53
4,937.50
4,937.50
822.92
822.92

11.69 0.00

11.69 834.61
834.61
79466LAQ7 SALESFORCE, INC. 4.5
03/15/2028
03/12/2026
03/13/2026
140,000.00
140,271.50

0.00 0.00
140,256.55
2,415.00

0.00 2,940.00
525.00

0.00 (14.95)
(14.95)
510.05
510.05
891940AC2 TAOT 2023-A A3 4.63
09/15/2027
11/14/2024
11/15/2024
4,895.47
9,848.34

0.00 (4,952.45)
4,895.59

20.26 38.00

10.07 27.81

0.00 (0.29)
(0.29)

27.52 27.52
89231DAD7 TAOT 2026-C A3 4.51
03/17/2031
07/14/2026
07/21/2026
105,000.00
104,984.83

0.00 0.00
104,985.11
131.54
315.70
210.47
394.63

0.28 0.00

0.00 0.00
64,997.38
125.38
235.08
125.38
235.08

0.07 0.00

0.07 235.15
235.15
89236TMK8 TOYOTA MOTOR CREDIT
CORP 4.55 08/09/2029
08/12/2024
08/13/2024
225,000.00
225,343.56

0.00 0.00
225,333.91
4,891.25
5,118.75
625.63
853.13

0.00 (9.65)
(9.65)
843.48
843.48
89236TNA9 TOYOTA MOTOR CREDIT
CORP 4.95 01/09/2030
01/06/2025
01/09/2025
170,000.00
169,749.56

0.00 0.00
169,755.74
514.25

0.00 1,215.50
701.25

6.18 0.00

6.18 707.43
707.43
89239TAD4 TAOT 2024-D A3 4.4
06/15/2029
10/10/2024
10/17/2024
49,869.79
53,438.63

0.00 (3,570.68)
49,868.12
104.51
195.95

97.52 188.97

0.17 0.00

0.17 189.14
189.14
91159HJK7 US BANCORP 4.653
02/01/2029
09/05/2024
09/06/2024
200,000.00
200,492.91

0.00 0.00
200,465.07
4,653.00
4,653.00
775.50
775.50

0.00 (27.83)
(27.83)
747.67
747.67
91282CEV9 UNITED STATES TREASURY

3.25 06/30/2029
11/18/2024
11/19/2024
350,000.00
340,264.65

0.00 0.00
340,548.30
989.13

0.00 1,947.35
958.22
283.64

0.00 283.64
1,241.86
1,241.86
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028
08/08/2024
08/09/2024
375,000.00
375,689.70

0.00 0.00
375,652.65
6,277.17
7,500.00

41.44 1,264.26

0.00 (37.06)
(37.06)
1,227.21
1,227.21
91282CHK0 UNITED STATES TREASURY 4.0
06/30/2028
08/20/2024
08/21/2024
350,000.00
351,492.16

0.00 0.00
351,425.99
1,217.39

0.00 2,396.74
1,179.35

0.00 (66.18)
(66.18)
1,113.17
1,113.17
91282CJF9 UNITED STATES TREASURY

4.875 10/31/2028
08/08/2024
08/09/2024
375,000.00
382,860.98

0.00 0.00
382,564.52
4,619.99

0.00 6,159.99
1,540.00

4.25 02/28/2029
11/26/2024
11/27/2024
375,000.00
375,355.18

0.00 0.00
375,343.50
6,669.50
7,968.75

44.03 1,343.28

0.00 (11.69)
(11.69)
1,331.59
1,331.59
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029
11/18/2024
11/19/2024
350,000.00
348,471.82

0.00 0.00
348,520.50
4,851.95

0.00 6,074.80
1,222.85

48.69 0.00

48.69 1,271.54
1,271.54
91282CKP5 UNITED STATES TREASURY

4.625 04/30/2029
08/08/2024
08/09/2024
375,000.00
382,316.38

0.00 0.00
382,090.25
4,383.07

0.00 5,844.09
1,461.02

0.00 (226.13)
(226.13)
1,234.89
1,234.89
91282CKV2 UNITED STATES TREASURY

4.625 06/15/2027
05/28/2026
05/29/2026
300,000.00
301,843.77

0.00 0.00
301,664.03
1,781.76

0.00 2,956.97
1,175.20

0.00 (179.74)
(179.74)
995.47
995.47
91282CKZ3 UNITED STATES TREASURY

4.375 07/15/2027
08/08/2024
08/09/2024
375,000.00
376,562.65

0.00 0.00
376,423.45
757.90

0.00 2,139.95
1,382.05

0.00 (139.20)
(139.20)
1,242.85
1,242.85
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029
08/20/2024
08/21/2024
350,000.00
352,811.67

0.00 0.00
352,732.07

38.04 0.00
1,217.39
1,179.35

0.00 (79.60)
(79.60)
1,099.75
1,099.75
91282CLK5 UNITED STATES TREASURY

3.625 08/31/2029 400,000.00
400,340.94

0.00 0.00
400,331.56
6,067.93
7,250.00

40.06 1,222.12

36.79 (46.18)
(9.39)
1,212.73
1,212.73
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 400,000.00
393,256.97

0.00 0.00
393,437.79
4,704.92

0.00 5,890.71
1,185.79
180.83

0.00 180.83
1,366.62
1,366.62
91282CLR0 UNITED STATES TREASURY

4.125 10/31/2029 400,000.00
397,606.18

0.00 0.00
397,668.70
4,169.84

0.00 5,559.78
1,389.95

62.52 0.00

4.125 11/30/2029
12/11/2024
12/12/2024
400,000.00
400,366.90

0.00 0.00
400,357.55
2,795.08

0.00 4,192.62
1,397.54

0.00 (9.35)
(9.35)
1,388.20
1,388.20
91282CMD0 UNITED STATES TREASURY

4.375 12/31/2029 400,000.00
399,089.67

0.00 0.00
399,112.28
1,521.74

0.00 2,995.92
1,474.18

25.76 (3.15)

22.61 1,496.80
1,496.80
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030
04/07/2025
04/08/2025
300,000.00
302,483.91

0.00 0.00
302,426.36
4,032.79

0.00 5,049.18
1,016.39

0.00 (57.55)
(57.55)
958.84
958.84
91282CMZ1 UNITED STATES TREASURY

3.875 04/30/2030
09/16/2025
09/17/2025
500,000.00
505,213.80

0.00 0.00
505,095.65
4,896.40

0.00 6,528.53
1,632.13

0.00 (118.15)
(118.15)
1,513.98
1,513.98
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030
06/09/2025
06/10/2025
350,000.00
349,031.02

0.00 0.00
349,052.49
2,371.58

0.00 3,557.38
1,185.79

21.47 0.00

21.47 1,207.26
1,207.26
91282CNK3 UNITED STATES TREASURY

3.875 06/30/2030
07/29/2025
07/30/2025
325,000.00
324,151.50

0.00 0.00
324,169.91
1,095.11

0.00 2,156.00
1,060.89

18.41 0.00

18.41 1,079.29
1,079.29
91282CNN7 UNITED STATES TREASURY

3.875 07/31/2030
08/26/2025
08/27/2025
225,000.00
225,877.34

0.00 0.00
225,858.71

23.69 0.00
758.15
734.46

0.00 (18.63)
(18.63)
715.83
715.83
91282CNU1 UNITED STATES TREASURY

3.625 08/15/2028
01/29/2026
01/30/2026
250,000.00
250,125.44

0.00 0.00
250,120.22
4,180.77
4,531.25
418.65
769.13

0.00 (5.22)
(5.22)
763.91
763.91
91282CNX5 UNITED STATES TREASURY

3.625 08/31/2030
09/16/2025
09/17/2025
500,000.00
500,772.70

0.00 0.00
500,756.63
7,584.92
9,062.50

50.07 1,527.65

0.00 0.00
148,423.63
889.34

0.00 1,334.02
444.67

31.51 0.00

31.51 476.18
476.18
91282CPP0 UNITED STATES TREASURY 3.5
12/15/2028
01/29/2026
01/30/2026
250,000.00
249,314.59

0.00 0.00
249,339.10
1,123.63

0.00 1,864.75
741.12

24.51 0.00

24.51 765.63
765.63
91282CPR6 UNITED STATES TREASURY

3.625 12/31/2030
01/29/2026
01/30/2026
350,000.00
347,335.50

0.00 0.00
347,386.71
1,103.26

0.00 2,172.04
1,068.78

51.21 0.00

51.21 1,119.99
1,119.99
91282CPS4 UNITED STATES TREASURY

3.375 12/31/2027
05/28/2026
05/29/2026
300,000.00
297,424.32

0.00 0.00
297,578.76
880.43

0.00 1,733.36
852.92
154.44

0.00 154.44
1,007.36
1,007.36
91282CQR5 UNITED STATES TREASURY

3.875 05/15/2029
08/27/2026
08/28/2026
350,000.00

0.00 346,458.98

0.00 346,473.27

0.00 (3,869.74)
4,017.15
147.41

14.29 0.00

14.29 161.71
161.71
92826CAZ5 VISA INC. 4.1 02/12/2031
02/03/2026
02/12/2026
140,000.00
139,829.87

0.00 0.00
139,833.05
2,694.61
2,870.00
302.94
478.33

3.18 0.00

3.18 481.52
481.52
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029
10/17/2024
10/24/2024
110,000.00
109,989.46

0.00 0.00
109,989.74
209.73
393.25
209.73
393.25

0.28 0.00

0.28 393.53
393.53
931142FN8 WALMART INC 4.35
04/28/2030
04/23/2025
04/28/2025
185,000.00
184,760.58

0.00 0.00
184,766.01
2,078.94

0.00 2,749.56
670.63

5.43 0.00

5.43 676.06
676.06
Total Fixed Income 21,698,126.50
21,211,219.29
346,458.98
(58,296.28)
21,503,612.25
176,899.81
93,089.09
154,249.05
70,438.33
6,092.53
(1,862.27)
4,230.26
74,668.59 74,668.59
Item 7.3
Tuesday, October 06, 2026 58 of 160
CONFIDENTIAL | 31
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 PORTFOLIO 21,789,045.83
21,496,299.71
502,374.50
(408,625.00)
21,594,531.58
176,899.81
93,749.49
154,249.05
71,098.73
6,092.53
(1,862.27)
4,230.26
75,328.99 75,328.99
Item 7.3
Tuesday, October 06, 2026 59 of 160
CONFIDENTIAL | 32
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 SEPTEMBER 2026
09/02/2026 Dividend 262006208 0.00 BNY DREYFUS GVT CM INST 912.51 912.51 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 14041NGJ4 220,000.00 COMET 2026-1 A 4.48 07/16/2029 1,615.29 1,615.29 09/15/2026 Coupon 34535VAD6 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 445.65 445.65 09/15/2026 Principal Paydown 34535VAD6 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 4,713.70 4,713.70 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 2026-B A3 4.51 02/18/2031 451.00 451.00 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 113,724.37 JDOT 2024 A3 4.96 11/15/2028 470.06 470.06 09/15/2026 Principal Paydown 47800RAD5 113,724.37 JDOT 2024 A3 4.96 11/15/2028 10,658.57 10,658.57 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 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 437.35 437.35 09/15/2026 Principal Paydown 58773DAD6 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 5,575.43 5,575.43 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 4,895.47 TAOT 2023-A A3 4.63 09/15/2027 18.89 18.89 09/15/2026 Principal Paydown 891940AC2 4,895.47 TAOT 2023-A A3 4.63 09/15/2027 4,331.78 4,331.78 09/15/2026 Coupon 89231DAD7 105,000.00 TAOT 2026-C A3 4.51 03/17/2031 394.63 394.63 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 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 182.86 182.86 09/15/2026 Principal Paydown 89239TAD4 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 3,220.51 3,220.51 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 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 286.13 286.13 09/16/2026 Principal Paydown 362955AD8 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 4,246.72 4,246.72 09/16/2026 Coupon 38014AAD3 47,182.30 GMCAR 2024-4 A3 4.4 08/16/2029 186.70 186.70 09/16/2026 Principal Paydown 38014AAD3 47,182.30 GMCAR 2024-4 A3 4.4 08/16/2029 3,196.64 3,196.64 Item 7.3
Tuesday, October 06, 2026 60 of 160
CONFIDENTIAL | 33
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 09/21/2026 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 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 894.61 894.61 09/25/2026 Principal Paydown 096919AD7 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 17,102.94 17,102.94 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 146,483.83 FHMS K-093 A2 2.982 05/25/2029 364.01 364.01 09/25/2026 Principal Paydown 3137FMCR1 146,483.83 FHMS K-093 A2 2.982 05/25/2029 170.07 170.07 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 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 54,128.88 59,364.27 113,493.15
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 14041NGJ4 220,000.00 COMET 2026-1 A 4.48 07/16/2029 821.33 821.33 10/15/2026 Coupon 34535VAD6 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 427.54 427.54 10/15/2026 Principal Paydown 34535VAD6 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 6,533.47 6,533.47 10/15/2026 Coupon 43814YAD3 160,000.00 HAROT 2026-2 A3 4.3 11/15/2030 573.33 573.33 Item 7.3
Tuesday, October 06, 2026 61 of 160
CONFIDENTIAL | 34
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/15/2026 Coupon 44935KAD5 120,000.00 HART 2026-B A3 4.51 02/18/2031 451.00 451.00 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 113,724.37 JDOT 2024 A3 4.96 11/15/2028 426.01 426.01 10/15/2026 Principal Paydown 47800RAD5 113,724.37 JDOT 2024 A3 4.96 11/15/2028 9,640.47 9,640.47 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 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 415.14 415.14 10/15/2026 Principal Paydown 58773DAD6 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 5,355.97 5,355.97 10/15/2026 Coupon 891940AC2 4,895.47 TAOT 2023-A A3 4.63 09/15/2027 2.17 2.17 10/15/2026 Effective Maturity 891940AC2 4,895.47 TAOT 2023-A A3 4.63 09/15/2027 563.69 563.69 10/15/2026 Coupon 89231DAD7 105,000.00 TAOT 2026-C A3 4.51 03/17/2031 394.63 394.63 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 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 171.05 171.05 10/15/2026 Principal Paydown 89239TAD4 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 3,090.56 3,090.56 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 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 269.78 269.78 10/16/2026 Principal Paydown 362955AD8 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 4,071.83 4,071.83 10/16/2026 Coupon 38014AAD3 47,182.30 GMCAR 2024-4 A3 4.4 08/16/2029 174.98 174.98 10/16/2026 Principal Paydown 38014AAD3 47,182.30 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 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 5,894.62 5,894.62 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
10/26/2026 Coupon 096919AD7 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 820.78 820.78 10/26/2026 Principal Paydown 096919AD7 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 15,675.91 15,675.91 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 Item 7.3
Tuesday, October 06, 2026 62 of 160
CONFIDENTIAL | 35
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/26/2026 Coupon 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 146,483.83 FHMS K-093 A2 2.982 05/25/2029 363.59 363.59 10/26/2026 Principal Paydown 3137FMCR1 146,483.83 FHMS K-093 A2 2.982 05/25/2029 183.88 183.88 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 54,085.83 34,980.87 89,066.70
NOVEMBER 2026
11/02/2026 Coupon 91282CJF9 375,000.00 UNITED STATES TREASURY 4.875 10/31/2028 9,140.63 9,140.63 11/02/2026 Coupon 91282CKP5 375,000.00 UNITED STATES TREASURY 4.625 04/30/2029 8,671.88 8,671.88 11/02/2026 Coupon 91282CLR0 400,000.00 UNITED STATES TREASURY 4.125 10/31/2029 8,250.00 8,250.00 11/02/2026 Coupon 91282CMZ1 500,000.00 UNITED STATES TREASURY 3.875 04/30/2030 9,687.50 9,687.50 11/09/2026 Coupon 69371RT71 230,000.00 PACCAR FINANCIAL CORP 4.55 05/08/2030 5,232.50 5,232.50 11/16/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 11/16/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 11/16/2026 Coupon 14041NGJ4 220,000.00 COMET 2026-1 A 4.48 07/16/2029 821.33 821.33 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 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 402.45 402.45 11/16/2026 Principal Paydown 34535VAD6 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 6,396.05 6,396.05 11/16/2026 Coupon 362955AD8 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 254.11 254.11 11/16/2026 Principal Paydown 362955AD8 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 3,985.14 3,985.14 11/16/2026 Coupon 38014AAD3 47,182.30 GMCAR 2024-4 A3 4.4 08/16/2029 163.71 163.71 11/16/2026 Principal Paydown 38014AAD3 47,182.30 GMCAR 2024-4 A3 4.4 08/16/2029 3,017.72 3,017.72 Item 7.3
Tuesday, October 06, 2026 63 of 160
CONFIDENTIAL | 36
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 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 2026-B A3 4.51 02/18/2031 451.00 451.00 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 113,724.37 JDOT 2024 A3 4.96 11/15/2028 386.16 386.16 11/16/2026 Principal Paydown 47800RAD5 113,724.37 JDOT 2024 A3 4.96 11/15/2028 11,498.37 11,498.37 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 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 393.81 393.81 11/16/2026 Principal Paydown 58773DAD6 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 5,238.67 5,238.67 11/16/2026 Coupon 89231DAD7 105,000.00 TAOT 2026-C A3 4.51 03/17/2031 394.63 394.63 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 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 159.72 159.72 11/16/2026 Principal Paydown 89239TAD4 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 3,016.26 3,016.26 11/16/2026 Coupon 91282CQR5 350,000.00 UNITED STATES TREASURY 3.875 05/15/2029 6,781.25 6,781.25 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 340.09 340.09 11/20/2026 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 10,590.69 10,590.69 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 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 753.12 753.12 11/25/2026 Principal Paydown 096919AD7 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 15,306.72 15,306.72 11/25/2026 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 11/25/2026 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 11/25/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 11/25/2026 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 11/25/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 11/25/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 11/25/2026 Coupon 3137FMCR1 146,483.83 FHMS K-093 A2 2.982 05/25/2029 363.13 363.13 11/25/2026 Principal Paydown 3137FMCR1 146,483.83 FHMS K-093 A2 2.982 05/25/2029 170.73 170.73 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 Item 7.3
Tuesday, October 06, 2026 64 of 160
CONFIDENTIAL | 37
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 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 59,220.34 93,427.11 152,647.45
DECEMBER 2026
12/08/2026 Coupon 57636QBL7 180,000.00 MASTERCARD INCORPORATED 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 14041NGJ4 220,000.00 COMET 2026-1 A 4.48 07/16/2029 821.33 821.33 12/15/2026 Coupon 34535VAD6 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 377.87 377.87 12/15/2026 Principal Paydown 34535VAD6 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 6,005.93 6,005.93 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 2026-B A3 4.51 02/18/2031 451.00 451.00 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 113,724.37 JDOT 2024 A3 4.96 11/15/2028 338.63 338.63 12/15/2026 Principal Paydown 47800RAD5 113,724.37 JDOT 2024 A3 4.96 11/15/2028 7,758.38 7,758.38 12/15/2026 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 12/15/2026 Coupon 58773DAD6 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 372.94 372.94 12/15/2026 Principal Paydown 58773DAD6 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 4,950.36 4,950.36 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 89231DAD7 105,000.00 TAOT 2026-C A3 4.51 03/17/2031 394.63 394.63 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 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 148.66 148.66 12/15/2026 Principal Paydown 89239TAD4 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 2,865.05 2,865.05 Item 7.3
Tuesday, October 06, 2026 65 of 160
CONFIDENTIAL | 38
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 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 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 238.76 238.76 12/16/2026 Principal Paydown 362955AD8 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 3,764.46 3,764.46 12/16/2026 Coupon 38014AAD3 47,182.30 GMCAR 2024-4 A3 4.4 08/16/2029 152.64 152.64 12/16/2026 Principal Paydown 38014AAD3 47,182.30 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 299.66 299.66 12/21/2026 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 13,419.17 13,419.17 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 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 687.04 687.04 12/25/2026 Principal Paydown 096919AD7 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 14,598.15 14,598.15 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 146,483.83 FHMS K-093 A2 2.982 05/25/2029 362.71 362.71 12/25/2026 Principal Paydown 3137FMCR1 146,483.83 FHMS K-093 A2 2.982 05/25/2029 184.45 184.45 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 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 Item 7.3
Tuesday, October 06, 2026 66 of 160
CONFIDENTIAL | 39
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 December 2026
Total 56,407.49 81,423.88 137,831.37
JANUARY 2027
01/11/2027 Coupon 023135EC6 285,000.00 AMAZON.COM INC 4.8 07/09/2031 6,840.00 6,840.00 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 14041NGJ4 220,000.00 COMET 2026-1 A 4.48 07/16/2029 821.33 821.33 01/15/2027 Coupon 34535VAD6 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 354.80 354.80 01/15/2027 Principal Paydown 34535VAD6 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 5,897.44 5,897.44 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 2026-B A3 4.51 02/18/2031 451.00 451.00 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 385.86 385.86 01/15/2027 Coupon 47800RAD5 113,724.37 JDOT 2024 A3 4.96 11/15/2028 306.56 306.56 01/15/2027 Principal Paydown 47800RAD5 113,724.37 JDOT 2024 A3 4.96 11/15/2028 11,261.54 11,261.54 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 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 353.22 353.22 01/15/2027 Principal Paydown 58773DAD6 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 4,869.96 4,869.96 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 89231DAD7 105,000.00 TAOT 2026-C A3 4.51 03/17/2031 394.63 394.63 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 1,420.80 1,420.80 01/15/2027 Coupon 89239TAD4 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 138.15 138.15 01/15/2027 Principal Paydown 89239TAD4 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 2,810.61 2,810.61 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 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 224.27 224.27 01/18/2027 Principal Paydown 362955AD8 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 3,699.73 3,699.73 01/18/2027 Coupon 38014AAD3 47,182.30 GMCAR 2024-4 A3 4.4 08/16/2029 142.15 142.15 01/18/2027 Principal Paydown 38014AAD3 47,182.30 GMCAR 2024-4 A3 4.4 08/16/2029 2,815.13 2,815.13 Item 7.3
Tuesday, October 06, 2026 67 of 160
CONFIDENTIAL | 40
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 01/20/2027 Coupon 025816EJ4 170,000.00 AMERICAN EXPRESS COMPANY 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 248.45 248.45 01/20/2027 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 13,744.63 13,744.63 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 5,722.04 5,722.04 01/25/2027 Coupon 096919AD7 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 624.03 624.03 01/25/2027 Principal Paydown 096919AD7 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 14,320.96 14,320.96 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 146,483.83 FHMS K-093 A2 2.982 05/25/2029 362.25 362.25 01/25/2027 Principal Paydown 3137FMCR1 146,483.83 FHMS K-093 A2 2.982 05/25/2029 171.39 171.39 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 46647PEU6 115,000.00 JPMORGAN CHASE & CO 4.915 01/24/2029 2,826.13 2,826.13 January 2027 Total 67,120.09 45,937.32 113,057.40
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 CORPORATION 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 02/01/2027 Coupon 91282CNN7 225,000.00 UNITED STATES TREASURY 3.875 07/31/2030 4,359.38 4,359.38 Item 7.3
Tuesday, October 06, 2026 68 of 160
CONFIDENTIAL | 41
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/08/2027 Coupon 63743HFX5 250,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.95 02/07/2030 6,187.50 6,187.50
02/09/2027 Coupon 89236TMK8 225,000.00 TOYOTA MOTOR CREDIT CORP 4.55 08/09/2029 5,118.75 5,118.75 02/12/2027 Coupon 92826CAZ5 140,000.00 VISA INC. 4.1 02/12/2031 2,870.00 2,870.00 02/15/2027 Coupon 34535VAD6 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 332.15 332.15 02/15/2027 Principal Paydown 34535VAD6 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 5,835.15 5,835.15 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 2026-B A3 4.51 02/18/2031 451.00 451.00 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 351.14 351.14 02/15/2027 Principal Paydown 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 6,883.21 6,883.21 02/15/2027 Coupon 47800RAD5 113,724.37 JDOT 2024 A3 4.96 11/15/2028 260.02 260.02 02/15/2027 Principal Paydown 47800RAD5 113,724.37 JDOT 2024 A3 4.96 11/15/2028 7,573.07 7,573.07 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 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 333.82 333.82 02/15/2027 Principal Paydown 58773DAD6 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 4,828.05 4,828.05 02/15/2027 Coupon 89231DAD7 105,000.00 TAOT 2026-C A3 4.51 03/17/2031 394.63 394.63 02/15/2027 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 229.94 229.94 02/15/2027 Principal Paydown 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 3,451.65 3,451.65 02/15/2027 Coupon 89239TAD4 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 127.84 127.84 02/15/2027 Principal Paydown 89239TAD4 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 2,602.38 2,602.38 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 14041NGJ4 220,000.00 COMET 2026-1 A 4.48 07/16/2029 821.33 821.33 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 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 210.03 210.03 02/16/2027 Principal Paydown 362955AD8 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 3,483.50 3,483.50 02/16/2027 Coupon 38014AAD3 47,182.30 GMCAR 2024-4 A3 4.4 08/16/2029 131.83 131.83 02/16/2027 Principal Paydown 38014AAD3 47,182.30 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 COMPANY 4.2 08/14/2029 4,935.00 4,935.00 Item 7.3
Tuesday, October 06, 2026 69 of 160
CONFIDENTIAL | 42
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 91282CNU1 250,000.00 UNITED STATES TREASURY 3.625 08/15/2028 4,531.25 4,531.25 02/16/2027 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 02/22/2027 Coupon 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 195.99 195.99 02/22/2027 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 11,124.55 11,124.55 02/22/2027 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 292.87 292.87 02/22/2027 Principal Paydown 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 9,825.87 9,825.87 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 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 562.21 562.21 02/25/2027 Principal Paydown 096919AD7 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 14,123.36 14,123.36 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 146,483.83 FHMS K-093 A2 2.982 05/25/2029 361.82 361.82 02/25/2027 Principal Paydown 3137FMCR1 146,483.83 FHMS K-093 A2 2.982 05/25/2029 171.69 171.69 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 72,689.83 76,015.03 148,704.86
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 Item 7.3
Tuesday, October 06, 2026 70 of 160
CONFIDENTIAL | 43
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 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 14041NGJ4 220,000.00 COMET 2026-1 A 4.48 07/16/2029 821.33 821.33 03/15/2027 Coupon 34535VAD6 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 309.73 309.73 03/15/2027 Principal Paydown 34535VAD6 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 5,656.20 5,656.20 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 2026-B A3 4.51 02/18/2031 451.00 451.00 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 4,848.48 4,848.48 03/15/2027 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 326.88 326.88 03/15/2027 Principal Paydown 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 5,009.71 5,009.71 03/15/2027 Coupon 47800RAD5 113,724.37 JDOT 2024 A3 4.96 11/15/2028 228.71 228.71 03/15/2027 Principal Paydown 47800RAD5 113,724.37 JDOT 2024 A3 4.96 11/15/2028 4,930.39 4,930.39 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 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 314.59 314.59 03/15/2027 Principal Paydown 58773DAD6 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 4,687.78 4,687.78 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 89231DAD7 105,000.00 TAOT 2026-C A3 4.51 03/17/2031 394.63 394.63 03/15/2027 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 217.46 217.46 03/15/2027 Principal Paydown 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 3,347.30 3,347.30 03/15/2027 Coupon 89239TAD4 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 118.30 118.30 03/15/2027 Principal Paydown 89239TAD4 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 2,518.97 2,518.97 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 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 196.61 196.61 03/16/2027 Principal Paydown 362955AD8 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 3,362.59 3,362.59 03/16/2027 Coupon 38014AAD3 47,182.30 GMCAR 2024-4 A3 4.4 08/16/2029 121.61 121.61 03/16/2027 Principal Paydown 38014AAD3 47,182.30 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 153.53 153.53 03/22/2027 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 9,886.46 9,886.46 Item 7.3
Tuesday, October 06, 2026 71 of 160
CONFIDENTIAL | 44
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 258.72 258.72 03/22/2027 Principal Paydown 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 12,696.88 12,696.88 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 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 501.24 501.24 03/25/2027 Principal Paydown 096919AD7 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 12,563.50 12,563.50 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 146,483.83 FHMS K-093 A2 2.982 05/25/2029 361.40 361.40 03/25/2027 Principal Paydown 3137FMCR1 146,483.83 FHMS K-093 A2 2.982 05/25/2029 211.82 211.82 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 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 72,428.53 88,876.16 161,304.69
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 14041NGJ4 220,000.00 COMET 2026-1 A 4.48 07/16/2029 821.33 821.33 04/15/2027 Coupon 34535VAD6 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 288.00 288.00 04/15/2027 Principal Paydown 34535VAD6 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 5,908.65 5,908.65 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 2026-B A3 4.51 02/18/2031 451.00 451.00 04/15/2027 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 273.05 273.05 Item 7.3
Tuesday, October 06, 2026 72 of 160
CONFIDENTIAL | 45
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 4,921.49 4,921.49 04/15/2027 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 309.22 309.22 04/15/2027 Principal Paydown 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 6,003.15 6,003.15 04/15/2027 Coupon 47800RAD5 113,724.37 JDOT 2024 A3 4.96 11/15/2028 208.33 208.33 04/15/2027 Principal Paydown 47800RAD5 113,724.37 JDOT 2024 A3 4.96 11/15/2028 6,211.73 6,211.73 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 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 295.92 295.92 04/15/2027 Principal Paydown 58773DAD6 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 4,910.23 4,910.23 04/15/2027 Coupon 89231DAD7 105,000.00 TAOT 2026-C A3 4.51 03/17/2031 394.63 394.63 04/15/2027 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 205.36 205.36 04/15/2027 Principal Paydown 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 3,502.99 3,502.99 04/15/2027 Coupon 89239TAD4 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 109.07 109.07 04/15/2027 Principal Paydown 89239TAD4 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 2,604.26 2,604.26 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 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 183.67 183.67 04/16/2027 Principal Paydown 362955AD8 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 3,518.51 3,518.51 04/16/2027 Coupon 38014AAD3 47,182.30 GMCAR 2024-4 A3 4.4 08/16/2029 111.67 111.67 04/16/2027 Principal Paydown 38014AAD3 47,182.30 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 115.80 115.80 04/20/2027 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 9,666.13 9,666.13 04/20/2027 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 214.60 214.60 04/20/2027 Principal Paydown 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 14,289.28 14,289.28 04/21/2027 Coupon 38141GD27 105,000.00 GOLDMAN SACHS GROUP INC 4.153 10/21/2029 2,180.33 2,180.33
04/26/2027 Coupon 096919AD7 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 447.01 447.01 04/26/2027 Principal Paydown 096919AD7 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 12,782.41 12,782.41 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 Item 7.3
Tuesday, October 06, 2026 73 of 160
CONFIDENTIAL | 46
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 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 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 146,483.83 FHMS K-093 A2 2.982 05/25/2029 360.87 360.87 04/26/2027 Principal Paydown 3137FMCR1 146,483.83 FHMS K-093 A2 2.982 05/25/2029 172.45 172.45 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 77,308.53 69,228.80 146,537.33
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 14041NGJ4 220,000.00 COMET 2026-1 A 4.48 07/16/2029 821.33 821.33 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 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 265.30 265.30 05/17/2027 Principal Paydown 34535VAD6 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 5,649.71 5,649.71 05/17/2027 Coupon 362955AD8 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 170.12 170.12 05/17/2027 Principal Paydown 362955AD8 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 3,379.70 3,379.70 05/17/2027 Coupon 38014AAD3 47,182.30 GMCAR 2024-4 A3 4.4 08/16/2029 101.34 101.34 05/17/2027 Principal Paydown 38014AAD3 47,182.30 GMCAR 2024-4 A3 4.4 08/16/2029 2,491.78 2,491.78 Item 7.3
Tuesday, October 06, 2026 74 of 160
CONFIDENTIAL | 47
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 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 2026-B A3 4.51 02/18/2031 451.00 451.00 05/17/2027 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 255.17 255.17 05/17/2027 Principal Paydown 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 4,673.84 4,673.84 05/17/2027 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 288.06 288.06 05/17/2027 Principal Paydown 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 6,280.50 6,280.50 05/17/2027 Coupon 47800RAD5 113,724.37 JDOT 2024 A3 4.96 11/15/2028 182.66 182.66 05/17/2027 Principal Paydown 47800RAD5 113,724.37 JDOT 2024 A3 4.96 11/15/2028 6,264.70 6,264.70 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 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 276.36 276.36 05/17/2027 Principal Paydown 58773DAD6 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 4,717.82 4,717.82 05/17/2027 Coupon 89231DAD7 105,000.00 TAOT 2026-C A3 4.51 03/17/2031 394.63 394.63 05/17/2027 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 192.69 192.69 05/17/2027 Principal Paydown 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 3,361.85 3,361.85 05/17/2027 Coupon 89239TAD4 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 99.52 99.52 05/17/2027 Principal Paydown 89239TAD4 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 2,468.24 2,468.24 05/17/2027 Coupon 91282CQR5 350,000.00 UNITED STATES TREASURY 3.875 05/15/2029 6,781.25 6,781.25 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 78.90 78.90 05/20/2027 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 9,644.22 9,644.22 05/20/2027 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 164.94 164.94 05/20/2027 Principal Paydown 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 12,623.82 12,623.82 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 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 391.83 391.83 05/25/2027 Principal Paydown 096919AD7 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 11,548.57 11,548.57 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 Item 7.3
Tuesday, October 06, 2026 75 of 160
CONFIDENTIAL | 48
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 3137FMCR1 146,483.83 FHMS K-093 A2 2.982 05/25/2029 360.44 360.44 05/25/2027 Principal Paydown 3137FMCR1 146,483.83 FHMS K-093 A2 2.982 05/25/2029 185.93 185.93 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 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 73,290.68 38,222.18 111,512.86
JUNE 2027
06/01/2027 Coupon 91282CMA6 400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 8,250.00 8,250.00 06/01/2027 Coupon 91282CNG2 350,000.00 UNITED STATES TREASURY 4.0 05/31/2030 7,000.00 7,000.00 06/01/2027 Coupon 91282CPN5 150,000.00 UNITED STATES TREASURY 3.5 11/30/2030 2,625.00 2,625.00 06/08/2027 Coupon 57636QBL7 180,000.00 MASTERCARD INCORPORATED 4.6 06/08/2031 4,140.00 4,140.00 06/11/2027 Coupon 24422EXT1 225,000.00 JOHN DEERE CAPITAL CORP 4.85 06/11/2029 5,456.25 5,456.25 06/14/2027 Coupon 06406RBG1 225,000.00 BANK OF NEW YORK MELLON CORP 3.992 06/13/2028 4,491.00 4,491.00
06/14/2027 Effective Maturity 06406RBG1 225,000.00 BANK OF NEW YORK MELLON CORP 3.992 06/13/2028 225,000.00 225,000.00
06/15/2027 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 06/15/2027 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 06/15/2027 Coupon 14041NGJ4 220,000.00 COMET 2026-1 A 4.48 07/16/2029 821.33 821.33 06/15/2027 Coupon 34535VAD6 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 243.60 243.60 06/15/2027 Principal Paydown 34535VAD6 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 5,476.99 5,476.99 06/15/2027 Coupon 43814YAD3 160,000.00 HAROT 2026-2 A3 4.3 11/15/2030 573.33 573.33 06/15/2027 Coupon 44935KAD5 120,000.00 HART 2026-B A3 4.51 02/18/2031 451.00 451.00 06/15/2027 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 238.19 238.19 06/15/2027 Principal Paydown 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 4,607.27 4,607.27 06/15/2027 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 265.92 265.92 06/15/2027 Principal Paydown 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 5,731.40 5,731.40 06/15/2027 Coupon 47800RAD5 113,724.37 JDOT 2024 A3 4.96 11/15/2028 156.77 156.77 06/15/2027 Principal Paydown 47800RAD5 113,724.37 JDOT 2024 A3 4.96 11/15/2028 5,386.36 5,386.36 06/15/2027 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 Item 7.3
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City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/15/2027 Coupon 58773DAD6 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 257.57 257.57 06/15/2027 Principal Paydown 58773DAD6 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 4,651.11 4,651.11 06/15/2027 Coupon 67066GAR5 110,000.00 NVIDIA CORP 4.5 06/15/2031 2,475.00 2,475.00 06/15/2027 Coupon 89231DAD7 105,000.00 TAOT 2026-C A3 4.51 03/17/2031 394.63 394.63 06/15/2027 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 180.53 180.53 06/15/2027 Principal Paydown 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 3,311.09 3,311.09 06/15/2027 Coupon 89239TAD4 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 90.47 90.47 06/15/2027 Principal Paydown 89239TAD4 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 2,232.08 2,232.08 06/15/2027 Coupon 91282CKV2 300,000.00 UNITED STATES TREASURY 4.625 06/15/2027 6,937.50 6,937.50 06/15/2027 Final Maturity 91282CKV2 300,000.00 UNITED STATES TREASURY 4.625 06/15/2027 300,000.00 300,000.00 06/15/2027 Coupon 91282CPP0 250,000.00 UNITED STATES TREASURY 3.5 12/15/2028 4,375.00 4,375.00 06/15/2027 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 06/16/2027 Coupon 362955AD8 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 157.11 157.11 06/16/2027 Principal Paydown 362955AD8 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 3,330.34 3,330.34 06/16/2027 Coupon 38014AAD3 47,182.30 GMCAR 2024-4 A3 4.4 08/16/2029 92.21 92.21 06/16/2027 Principal Paydown 38014AAD3 47,182.30 GMCAR 2024-4 A3 4.4 08/16/2029 2,375.39 2,375.39 06/21/2027 Coupon 36275AAD1 70,000.00 GMALT 2026-2 A3 4.3 03/20/2029 250.83 250.83 06/21/2027 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 42.10 42.10 06/21/2027 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 10,770.48 10,770.48 06/21/2027 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 121.08 121.08 06/21/2027 Principal Paydown 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 9,692.56 9,692.56 06/25/2027 Coupon 096919AD7 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 341.98 341.98 06/25/2027 Principal Paydown 096919AD7 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 11,300.06 11,300.06 06/25/2027 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 06/25/2027 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 06/25/2027 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 06/25/2027 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 06/25/2027 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 06/25/2027 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 06/25/2027 Coupon 3137FMCR1 146,483.83 FHMS K-093 A2 2.982 05/25/2029 359.98 359.98 06/25/2027 Principal Paydown 3137FMCR1 146,483.83 FHMS K-093 A2 2.982 05/25/2029 173.10 173.10 06/25/2027 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 Item 7.3
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CONFIDENTIAL | 50
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/25/2027 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 06/25/2027 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 06/25/2027 Coupon 3137FWG79 250,000.00 FHMS K-115 A2 1.383 06/25/2030 288.13 288.13 06/25/2027 Coupon 3137FX3Q9 250,000.00 FHMS K-117 A2 1.406 08/25/2030 292.92 292.92 06/30/2027 Coupon 91282CEV9 350,000.00 UNITED STATES TREASURY 3.25 06/30/2029 5,687.50 5,687.50 06/30/2027 Coupon 91282CHK0 350,000.00 UNITED STATES TREASURY 4.0 06/30/2028 7,000.00 7,000.00 06/30/2027 Coupon 91282CMD0 400,000.00 UNITED STATES TREASURY 4.375 12/31/2029 8,750.00 8,750.00 06/30/2027 Coupon 91282CNK3 325,000.00 UNITED STATES TREASURY 3.875 06/30/2030 6,296.88 6,296.88 06/30/2027 Coupon 91282CPR6 350,000.00 UNITED STATES TREASURY 3.625 12/31/2030 6,343.75 6,343.75 06/30/2027 Coupon 91282CPS4 300,000.00 UNITED STATES TREASURY 3.375 12/31/2027 5,062.50 5,062.50 June 2027 Total 594,038.22 97,717.69 691,755.91
JULY 2027
07/09/2027 Coupon 023135EC6 285,000.00 AMAZON.COM INC 4.8 07/09/2031 6,840.00 6,840.00 07/09/2027 Coupon 89236TNA9 170,000.00 TOYOTA MOTOR CREDIT CORP 4.95 01/09/2030 4,207.50 4,207.50 07/15/2027 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 07/15/2027 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 07/15/2027 Final Maturity 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 200,000.00 200,000.00 07/15/2027 Coupon 14041NGJ4 220,000.00 COMET 2026-1 A 4.48 07/16/2029 821.33 821.33 07/15/2027 Coupon 34535VAD6 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 222.56 222.56 07/15/2027 Principal Paydown 34535VAD6 116,005.22 FORDO 2024-D A3 4.61 08/15/2029 5,362.68 5,362.68 07/15/2027 Coupon 43814YAD3 160,000.00 HAROT 2026-2 A3 4.3 11/15/2030 573.33 573.33 07/15/2027 Coupon 44935KAD5 120,000.00 HART 2026-B A3 4.51 02/18/2031 451.00 451.00 07/15/2027 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 221.45 221.45 07/15/2027 Principal Paydown 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 4,515.70 4,515.70 07/15/2027 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 245.71 245.71 07/15/2027 Principal Paydown 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 4,948.34 4,948.34 07/15/2027 Coupon 47800RAD5 113,724.37 JDOT 2024 A3 4.96 11/15/2028 134.50 134.50 07/15/2027 Principal Paydown 47800RAD5 113,724.37 JDOT 2024 A3 4.96 11/15/2028 5,350.29 5,350.29 07/15/2027 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 07/15/2027 Coupon 58773DAD6 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 239.04 239.04 07/15/2027 Principal Paydown 58773DAD6 109,795.80 MBART 2025-1 A3 4.78 12/17/2029 4,202.22 4,202.22 07/15/2027 Coupon 74340XCQ2 250,000.00 PROLOGIS LP 4.75 01/15/2031 5,937.50 5,937.50 Item 7.3
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City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 07/15/2027 Coupon 89231DAD7 105,000.00 TAOT 2026-C A3 4.51 03/17/2031 394.63 394.63 07/15/2027 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 168.55 168.55 07/15/2027 Principal Paydown 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 3,243.99 3,243.99 07/15/2027 Coupon 89239TAD4 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 82.28 82.28 07/15/2027 Principal Paydown 89239TAD4 49,869.79 TAOT 2024-D A3 4.4 06/15/2029 2,187.14 2,187.14 07/15/2027 Coupon 91282CKZ3 375,000.00 UNITED STATES TREASURY 4.375 07/15/2027 8,203.13 8,203.13 07/15/2027 Final Maturity 91282CKZ3 375,000.00 UNITED STATES TREASURY 4.375 07/15/2027 375,000.00 375,000.00 07/15/2027 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 07/16/2027 Coupon 362955AD8 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 144.29 144.29 07/16/2027 Principal Paydown 362955AD8 72,923.63 GMCAR 2025-1 A3 4.62 12/17/2029 3,264.49 3,264.49 07/16/2027 Coupon 38014AAD3 47,182.30 GMCAR 2024-4 A3 4.4 08/16/2029 83.50 83.50 07/16/2027 Principal Paydown 38014AAD3 47,182.30 GMCAR 2024-4 A3 4.4 08/16/2029 2,331.19 2,331.19 07/20/2027 Coupon 025816EJ4 170,000.00 AMERICAN EXPRESS COMPANY 4.351 07/20/2029 3,698.35 3,698.35
07/20/2027 Coupon 36275AAD1 70,000.00 GMALT 2026-2 A3 4.3 03/20/2029 250.83 250.83 07/20/2027 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 0.99 0.99 07/20/2027 Effective Maturity 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 259.04 259.04 07/20/2027 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 87.39 87.39 07/20/2027 Principal Paydown 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 9,451.41 9,451.41 07/26/2027 Coupon 096919AD7 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 293.20 293.20 07/26/2027 Principal Paydown 096919AD7 207,246.09 BMWOT 2024-A A3 5.18 02/26/2029 11,068.27 11,068.27 07/26/2027 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 07/26/2027 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 07/26/2027 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 07/26/2027 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 07/26/2027 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 07/26/2027 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 07/26/2027 Coupon 3137FMCR1 146,483.83 FHMS K-093 A2 2.982 05/25/2029 359.55 359.55 07/26/2027 Principal Paydown 3137FMCR1 146,483.83 FHMS K-093 A2 2.982 05/25/2029 186.48 186.48 07/26/2027 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 07/26/2027 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 07/26/2027 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 Item 7.3
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CONFIDENTIAL | 52
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM 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 07/26/2027 Coupon 3137FWG79 250,000.00 FHMS K-115 A2 1.383 06/25/2030 288.13 288.13 07/26/2027 Coupon 3137FX3Q9 250,000.00 FHMS K-117 A2 1.406 08/25/2030 292.92 292.92 07/26/2027 Coupon 46647PEU6 115,000.00 JPMORGAN CHASE & CO 4.915 01/24/2029 2,826.13 2,826.13 July 2027 Total 631,371.23 44,275.45 675,646.69
Grand Total 100,005,664.58 1,812,089.65 729,468.76 2,541,558.41 Item 7.3
Tuesday, October 06, 2026 80 of 160
CONFIDENTIAL | 53
City of Campbell | Account #11214 | As of August 31, 2026 Execution Time: 09/03/2026 01:53:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Item 7.3
Tuesday, October 06, 2026 82 of 160
City Council Report
DATE: October 6, 2026
TITLE: Monthly Treasurer’s Report (August 2026)
RECOMMENDED ACTION:

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

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

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

DISCUSSION
This Monthly Treasurer’s Report details and summarizes receipts, disbursements, and fund balances for the month ended August 31, 2026. As shown in Attachment 1, the City recognized $2.5 million in revenues and incurred $10 million in expenditures in total, for all City funds along with nearly $1.6 million of positive prior period adjustments. The City’s overall ending fund balance for August 2026 is $62.8 million, a decrease of $5.9 million from the July 2026 total of $68.7 million. Also in the General Fund, the City recognized $2.1 million in revenues and incurred $7.4 million in expenditures in total, along with nearly $1.7 million of positive prior period adjustments. The General Fund’s overall ending fund balance for August 2026 is $28.1 million, a decrease of nearly $ 3.6 million from the July 2026 total for $31.7 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 August 2026.docx Attachments: 2026.08 Fund Balance report.pdf
Final Approval Date: September 30, 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
Item 7.4
Tuesday, October 06, 2026 84 of 160
City of Campbell
Changes in Total Fund Balance
For the month ended August 31, 2026
Fund Balance
as of
07/31/2026
Prior Month
Adjustment
Current
Revenue
Current
Expenditure
Fund Balance
as of
08/31/2026
General Fund
Nonspendable Fund Balance
Prepaid $ 5,118.00 - - - $ 5,118.00
Leases 180,567.00 - - - 180,567.00
Restricted
Measure K 1,655,697.00 - - - 1,655,697.00
Committed Fund Balance
General Plan Update - - - - -
Compensated Absences 1,028,002.00 - - - 1,028,002.00
Liability insurance 144,800.00 - - - 144,800.00
Available Capital Improvement Reserve 237,583.00 - - - 237,583.00 Committed Capital Improvement Reserve 1,963,405.00 - - - 1,963,405.00 Community Center Facility 159,210.00 - - - 159,210.00
Heritage Theater 81,783.00 - - - 81,783.00
Historic Preservation 5,000.00 - - - 5,000.00
Assigned Fund Balance
Capital Projects (Construction Tax) 117,314.00 - - - 117,314.00 Unemployment insurance 90,000.00 - - - 90,000.00
PERS 1,000,000.00 - - - 1,000,000.00
OPEB 393,154.00 - - - 393,154.00
Encumbrances 1,278,920.00 - - - 1,278,920.00
Unassigned Fund Balance
Unassigned 10,304,283.28 1,709,240.75 2,087,670.12 (7,398,403.79) 6,702,790.36 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 31,700,803.28 1,709,240.75 2,087,670.12 (7,398,403.79) 28,099,310.36 Special Revenue
Vehicle Impact 3,627,954.12 (0.00) 30,014.01 - 3,657,968.13 Gas Tax 3,137,897.66 98,390.75 113,252.36 (168,880.97) 3,180,659.80 Asset Forfeiture 216,598.75 (13,359.45) - - 203,239.30
Lighting & Landscape District 1,678,588.80 (110,484.88) 9,017.17 (512,968.73) 1,064,152.36 Housing & Community Development 329.54 - - - 329.54
Environmental Services 1,912,154.49 (2,332.69) 37,247.47 (2,332.63) 1,944,736.64 Supplemental Law Enforcement 29,428.10 (1,766.35) - (1,766.32) 25,895.43 State & Other Grants (499,122.69) (10,080.20) - - (509,202.89) TDA Grant 301,774.01 - - - 301,774.01
Federal Grants 660,588.54 - - - 660,588.54
Housing Assistance 8,765,715.17 (5,134.66) - (41,034.98) 8,719,545.53 Community Restitution Fund 269,637.31 - 3,157.00 - 272,794.31 Community Facilities District #1 (8,908.55) - - - (8,908.55) Community Facilities District #2 144,130.21 0.00 - (338.98) 143,791.23 Parkland Dedication 8,786,877.51 0.00 67,277.32 - 8,854,154.83 Recreation - Private Grants 6,804.38 - - - 6,804.38
Adult Center 18,849.43 - - - 18,849.43
Special Revenue Fund Total 29,049,296.78 (44,767.48) 259,965.33 (727,322.61) 28,537,172.02 Debt Service
Measure O 2,024,258.79 (348.86) 5,028.11 - 2,028,938.04 LID #30 36,531.14 - - - 36,531.14
2016 Refunding Lease Revenue Bond 60,412.64 6.00 - - 60,418.64 Debt Service Fund Total 2,121,202.57 (342.86) 5,028.11 - 2,125,887.82 Internal Service Fund
Motor Vehicle Pool 900,338.73 (5,962.80) 91,755.67 (85,237.50) 900,894.10 Information Technology Pool (1,128,535.13) (11,530.06) - (166,871.43) (1,306,936.62) Worker's Compensation 1,729,614.98 - 24,871.93 (188,941.09) 1,565,545.82 Internal Service Fund Total 1,501,418.58 (17,492.86) 116,627.60 (441,050.02) 1,159,503.30 Trust/Agency
Successor Agency 5,120,192.73 1.80 - - 5,120,194.53
West Valley Solid Waste JPA 1,176,750.43 (841.39) 11,675.00 (112,205.37) 1,075,378.67 SCC Specialized Enforcement Team - - - - -
Trust/Agency Fund Total 6,296,943.16 (839.59) 11,675.00 (112,205.37) 6,195,573.20 Capital Project
Capital Projects Fund (3,884,561.82) (58,311.52) - (1,194,636.59) (5,137,509.93) Measure O CIP Fund 1,930,769.30 (15,899.08) - (129,065.90) 1,785,804.32 Capital Project Fund Total (1,953,792.52) (74,210.60) - (1,323,702.49) (3,351,705.61) Total City $ 68,715,871.85 1,571,587.36 $ 2,480,966.16 $ (10,002,684.28) $ 62,765,741.09 *Fund balances are unaudited, and may not include all necessary adjustments. These figures will be updated in future reports once the FY 2025/26 independent audit is completed.

Fund Description
Item 7.4
Tuesday, October 06, 2026 85 of 160
City Council Report
DATE: October 6, 2026
TITLE: Accept Donation from the Friends of the Heritage Theatre RECOMMENDED ACTION:

That the City Council accept a donation of two motorized blackout shades valued at $16,680 from the Friends of the Heritage Theatre for the auditorium at the Heritage Theatre.

BACKGROUND
In the early 2000s, a group of community leaders formed a non-profit, public benefit corporation (the Friends of the Heritage Theatre) to raise awareness and funds to restore the Campbell Heritage Theatre as a performing arts venue. The group, working together with City staff, raised approximately $3 million and the Theatre re-opened in February 2004.

Since the reopening, the Friends of the Heritage Theatre have remained committed to fundraising and have generously provided financial support for multiple preservation projects, supported community cultural events and provided assistance to the Theatre during periods of economic uncertainty.

DISCUSSION
Last fiscal year, staff identified the need to replace two of the ten motorized blackout shades in the main auditorium due to mechanical malfunctions. Initially, the project called for replacing only the two affected shades with a zippered side-channel design, which was expected to resolve the existing malfunctions without requiring replacement of the entire system.

However, after further investigation and consultation with the selected vendor, it was determined that the mechanical housing would also need to be replaced. Given that the existing shades are more than 20 years old, staff determined that replacing the affected shades in their entirety was the most appropriate and cost-effective long-term solution.

During the replacement process, staff also explored the possibility of matching the new shade fabric to the eight remaining shades. The vendor confirmed that an exact color match was not possible. Although the proposed replacement fabric is similar in color to the existing shades, the difference will be noticeable to patrons entering the auditorium.

Item 7.5
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To address the need for a consistent appearance throughout the auditorium, staff recommended replacing all eight remaining shades. The Friends of the Heritage Theatre have generously committed to funding the purchase and installation of two replacement shades. The Friends have already approved and ordered the two shades at a total cost of $16,680.

The installation of the two replacement blackout shades will improve the appearance and functionality of the main auditorium while providing updated equipment that supports the Theatre’s technical needs.

The Friends of the Heritage Theatre's contribution demonstrates their continued commitment to preserving and enhancing the Heritage Theatre. The Friends’ contribution reduces the amount the City is required to fund through the Heritage Theatre Preservation and Enhancement Fund to complete the project. The City approved the purchase of the remaining six shades on September 15, 2026.

FISCAL IMPACT
The Friends of the Heritage Theatre will purchase and arrange for installation of two motorized blackout shades at a total value of $16,680. The Friends will cover the entire cost and no additional City funding is required for these two shades. Acceptance of the donation will reduce the amount that would otherwise be required from the Heritage Theatre Preservation and Enhancement Fund to complete the overall replacement project.

PREPARED BY: Natasha Bissell, Recreation & Community Services Director Item 7.5
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RESOLUTION NO. _____

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL

ACCEPTING A DONATION OF TWO MOTORIZED BLACKOUT SHADES VALUED AT $16,680 FROM THE FRIENDS OF THE HERITAGE THEATRE FOR THE

HERITAGE THEATRE MAIN AUDITORIUM
WHEREAS, the Friends of the Heritage Theatre is a nonprofit public benefit corporation established to support the restoration, preservation, and enhancement of the Campbell Heritage Theatre; and
WHEREAS, since the Theatre's reopening in February 2004, the Friends of the Heritage Theatre have continued to provide financial support for preservation projects, community cultural events, and other Theatre needs; and
WHEREAS, the City of Campbell has identified the need to replace aging motorized blackout shades in the Heritage Theatre main auditorium to improve functionality, appearance, and long-term reliability; and
WHEREAS, the Friends of the Heritage Theatre have generously committed to funding the purchase and installation of two replacement motorized blackout shades at a total value of $16,680; and
WHEREAS, the Friends of the Heritage Theatre have approved and ordered the two shades and will cover the entire cost of purchase and installation, with no additional City funding required; and
WHEREAS, acceptance of this donation will reduce the amount required from the Heritage Theatre Preservation and Enhancement Fund to complete the overall shade replacement project.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Campbell hereby accepts the donation of two motorized blackout shades, valued at $16,680, from the Friends of the Heritage Theatre for the Heritage Theatre main auditorium.

PASSED AND ADOPTED this 6th day of October, 2026 by the following roll call vote:

AYES: Councilmembers
NOES: Councilmembers
ABSENT: Councilmembers

APPROVED:
__________________________
Daniel E. Furtado, Mayor
ATTEST:
_______________________
Andrea Sanders, City Clerk
Item 7.5
Tuesday, October 06, 2026 88 of 160
City Council Report
DATE: October 6, 2026
TITLE: Authorization to submit a grant through the Statewide Park Development and Community Revitalization Program. (Resolution/Roll Call Vote)
RECOMMENDED ACTION:

That the City adopt a resolution authorizing the City of Campbell to submit an application to the California Department of Parks and Recreation, Office of Grants and Local Services (OGALS), for an $8,500,000 grant through the Statewide Park Development and Community Revitalization Program for the Campbell Aquatic Center Renovation Project and authorize the City manager to execute and submit documents necessary to apply for and administer the grant.

BACKGROUND
The City of Campbell is pursuing the renovation and modernization of the Campbell Aquatic Center to restore and expand recreational aquatic opportunities for the community. The existing pool was closed on July 14, 2026, and is no longer operational.

The proposed project would replace the existing pool facilities with a larger main pool and a smaller programming pool, along with improvements to the surrounding aquatic facility.

The project is intended to provide expanded opportunities for lap swimming, recreation swimming, swim lessons, aquatic fitness, competitive swimming, and other community programming. Improvements would also address accessibility, safety, supervision, changing facilities, building systems, and overall functionality of the facility.

The California Department of Parks and Recreation’s Statewide Park Development and Community Revitalization Program provides competitive grant funding for projects that create new parks and recreation opportunities and improve existing recreational facilities.

The current Round 5 funding cycle provides $188.5 million statewide, with individual grants ranging from $200,000 to $8.5 million and no required local match.

DISCUSSION
Staff is seeking authorization to submit a grant application for the Campbell Aquatic Center Renovation Project. Adoption of the required Authorizing Resolution is a condition of submitting the application. The State’s current DPR860 form requires the governing body to approve the grant application and certify that the City will have sufficient funds available to complete the project and, if awarded, to operate and maintain the completed Item 7.6
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improvements for the next 30 years. The resolution also authorizes the City Manager to conduct negotiations and execute documents necessary to complete the grant scope.

Grant funding would provide an important potential source of financial support for the renovation of the City’s aquatic facility and would help the City deliver improved and expanded recreational opportunities to Campbell residents and surrounding community.

If awarded, staff would return to the City Council as necessary for approval of the grant agreement, project appropriations, and other actions required to implement the project.

FISCAL IMPACT
There is no immediate fiscal impact associated with submitting the grant application. The Statewide Park Development and Community Revitalization Program does not require a local match.

If the City is awarded grant funding, the grant proceeds would be incorporated into the overall financial plan for the Campbell Aquatic Center Renovation Project. The City would be responsible for ensuring sufficient funding is available to complete the project and for the ongoing operation and maintenance of the facility, consistent with the requirements of the Authorizing Resolution. Any necessary appropriations or additional funding commitments would be brought forward to the City Council for consideration at the appropriate time.

PREPARED BY: Natasha Bissell, Recreation and Community Services Director Item 7.6
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Report Approval Details
Document Title: Authorization to apply for State Grant.docx Attachments: Resolution_Apply to State Grant.docx
Final Approval Date: September 30, 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
Brian Loventhal, City Manager
Item 7.6
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RESOLUTION NO. _____

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL

APPROVING THE APPLICATION FOR STATEWIDE PARK DEVELOPMENT AND

COMMUNITY REVITALIZATION GRANT PROGRAM
WHEREAS, the State Department of Parks and Recreation has been delegated the responsibility by the Legislature of the State of California for the administration of the Statewide Park Development and Community Revitalization Grant Program, setting up necessary procedures governing the application; and
WHEREAS, said procedures established by the State Department of Parks and Recreation require the Applicant to certify by resolution the approval of the application before submission of said application to the State; and WHEREAS, successful Applicants will enter into a contract with the State of California to complete the Grant Scope project;
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Campbell hereby: Approves the filing of an application for the Statewide Park Development and Community Revitalization Grant Program; and

1. Certifies that said Applicant has or will have available, prior to commencement of any work on the project included in this application, the sufficient funds to complete the project; and

2. Certifies that if the project is awarded, the Applicant has or will have sufficient funds to operate and maintain the project; and

3. Certifies that the Applicant has reviewed, understands, and agrees to the General Provisions contained in the contract shown in the Grant Administration Guide; and

4. Delegates the authority to the City Manager to conduct all negotiations, sign and submit all documents, including, but not limited to applications, agreements, amendments, and payment requests, which may be necessary for the completion of the Grant Scope; and

5. Agrees to comply with all applicable federal, state and local laws, ordinances, rules, regulations and guidelines.

APPROVED AND ADOPTED this 6th day of October, 2026 by the following roll call vote:

AYES: Councilmembers
NOES: Councilmembers
ABSENT: Councilmembers
APPROVED:
__________________________
Daniel E. Furtado, Mayor
ATTEST:
_______________________
Andrea Sanders, City Clerk
Item 7.6
Tuesday, October 06, 2026 92 of 160
City Council Report
DATE: October 6, 2026
TITLE: Approval of Agreement for Consultant Services with Atchison, Barisone and Condotti, LLP (Resolution/Roll Call Vote)
RECOMMENDED ACTION:

That the City Council adopt a resolution (1) dispensing with bidding requirements pursuant to Section 3.20.030 of the Campbell Municipal Code; (2) approving an Agreement for Consultant Services (Agreement) between the City of Campbell and Atchison, Barisone and Condotti , LLP for on-call legal services; and (3) authorizing the City Manager to execute the Agreement.

BACKGROUND
The City of Campbell’s City Attorney will be retiring at the end of this calendar year and the City Council is in the midst of interviewing candidates to fill this position. To ensure the City of Campbell (City) has the legal representation it requires during the transition to its new city attorney, staff is recommending the City Council approve a short-term, temporary contract for on-call legal services with an outside law firm.

DISCUSSION
William R. Seligmann was appointed as Campbell’s City Attorney on January 1, 1987.

During his tenure with the City, Mr. Seligmann’s firm, the Law Offices of William R.

Seligmann, has provided legal services to the City in an “Of Counsel” relationship with the Atchison, Barisone & Condotti (ABC) law firm. In turn, ABC provides supplemental legal support to Mr. Seligmann on an as-needed and contractual basis. Under this arrangement, and as of February 17, 2026, per City Council Resolution No. 26-13370, Mr. Seligmann charges the City, by the hour, at the following rates:
 City Attorney $350/hr
 ABC Partner $366/hr
 ABC Legal Associate $366/hr
 ABC Paralegal $184/hr
 ABC Law Clerk $184/hr
To ensure a smooth transition between the current City Attorney and the new attorney who will be assuming this position, staff is recommending the City enter into a contract directly with ABC for on-call legal services on a temporary and short-term basis.

Item 9.1
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To retain consultant services, the City would normally be required to follow the bidding procedures specified in Section 3.20.050 of the Campbell Municipal Code. However, per Section 3.20.030, these bidding procedure may be dispensed with if the following circumstance exists:
“(4) The city seeks the special services, consultation or advice in financial, economic, accounting, engineering, legal, administrative or other matters from persons specially trained, experienced and competent to perform the special services required;”
For the better part of thirty years, through its relationship with the current City Attorney, ABC has provided supplemental legal services to the City. In this role, the firm has gained a unique experience with the City’s priorities, needs, and history, as well as a unique experience working within the confines of the City’s local ordinances and policies and procedures. Bringing in another firm could potentially cost the City time and resources typically incurred in bringing a new firm up to speed — time and cost that would not be needed if the City were to continue a relationship with ABC.

For these reasons, staff is recommending that the City Council adopt a resolution dispensing with the bidding requirements of Section 3.20.050 and find that the City may enter into an agreement for consultant services pursuant to Section 3.20.030(4).

Specifically, staff is recommending the City Council approve the “Agreement for Consultant Services” (Agreement) between the City and ABC, attached hereto. Among other things, the Agreement provides as follows:
• The Agreement will be effective on January 1, 2027 and will remain in effect until terminated by either party or amended in writing by the parties. • The parties may terminate the Agreement with or without cause upon ninety (90) days’ written notice.
• The rates for consultant services will be as follows:
o Partners/Senior Associates $350/hr
o Junior Associates $325/hr
o Law Fellows $300/hr
o Paralegal $250/hr
o Law Clerk $250/hr
o Legal Administrative Staff $175/hr
*Annual CPI increases will apply to all rates effective on July 1st of every year • ABC is authorized to incur all reasonable costs, with the City specifically agreeing to reimburse ABC for all usual and customary costs and expenses incurred relating to the legal services, including but not limited to fees fixed by law or assessed by courts or other public agencies, long distance telephone calls, messenger and other delivery fees, postage, in-office photocopying, scans, fax services, Item 9.1
Tuesday, October 06, 2026 94 of 160

investigation expenses, third-party consultant fees, parking, mileage, and other similar items.
• The services to be performed under the Agreement are unique and personal to ABC and no portion of the services shall be assigned or subcontracted without the City’s written consent.

Staff believes the terms of the Agreement are appropriate given the needs of the City during this transition period.

FISCAL IMPACT
Interim services being rendered will be on an ad hoc basis to allow the current City Attorney to transition to the new City Attorney; with the full fiscal impact being unknown at this time. Nevertheless, monthly expenditures and usage will be monitored and adjusted as needed to ensure that costs remain under control. Furthermore, the FY 2027 Adopted Budget is based on the current City Attorney structure and will need to be revised at midyear to account for the City Attorney moving in house, staffing and other needs identified by the new City Attorney, and the use of ABC during the interim period noted in this report. Further details will follow in the midyear financial report.

ALTERNATIVES

1. Adopt the resolution with amendments.

2. Not adopt the resolution and provide other direction to staff.

PREPARED BY: Angelique Gaeta, Assistant City Manager
Item 9.1
Tuesday, October 06, 2026 95 of 160

Report Approval Details
Document Title: Approval of Consultant Services Agreement with Atchison, Barisone and Condotti, LLP .docx
Attachments: Resolution Approving Agreement with ABC Law Firm_09.22.2026_v2.docx
2026-09-08 Agmt for Consultant Services-City of Campbell and ABC LAW.docx
Final Approval
Date:

September 30, 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
Item 9.1
Tuesday, October 06, 2026 96 of 160
RESOLUTION NO. _____

A RESOLUTION OF THE CITY OF CAMPBELL CITY COUNCIL DISPENSING WITH

BIDDING REQUIREMENTS, APPROVING AN AGREEMENT FOR CONSULTANT

SERVICES WITH ATCHISON, BARISONE AND CONDOTTI FOR ON-CALL LEGAL

SERVICES AND AUTHORIZING THE CITY MANAGER TO

EXECUTE THE AGREEMENT
WHEREAS, the City of Campbell’s City Attorney will be retiring at the end of this calendar year and the City Council is in the midst of interviewing candidates to fill this position; and WHEREAS, since 1987 the law firm of Atchison, Barisone & Condotti, LLC (ABC) has provided supplemental legal support to the current City Attorney on an as-needed and contractual basis; and
WHEREAS, to ensure a smooth transition between the current City Attorney and the new attorney who will be assuming this position, staff is recommending the City enter into a contract directly with ABC for on-call legal services on a temporary and short-term basis; and
WHEREAS, through its relationship with the current City Attorney, ABC has gained a unique experience with the City’s priorities, needs, and history, as well as a unique experience working within the confines of the City’s local ordinances and policies and procedures; and
WHEREAS, bringing in another firm could potentially cost the City time and resources typically incurred in bringing a new firm up to speed, time and cost that would not be needed if the City were to continue a relationship with ABC; and WHEREAS, the City Council desires to enter into an agreement for consultant services with ABC to provide on-call legal services on a short-term and temporary basis; NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Campbell does hereby (1) dispense with the bidding requirements of Section 3.20.050 of the Campbell Municipal Code and find that the City may enter into an agreement for consultant services pursuant to Section 3.20.030(4); (2) approve the Agreement for Consultant Services (Agreement) with Atchison, Barrisone and Condotti, LLC; and (3) authorize the City Manager to execute the Agreement.

BE IT FURTHER RESOLVED, that said Agreement shall include the following provisions:
• The Agreement will be effective on January 1, 2027 and will remain in effect until terminated by either party or amended in writing by the parties. • The parties may terminate the Agreement with or without cause upon ninety (90) days’ written notice.
• The rates for consultant services will be as follows:

Item 9.1
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o Partners/Senior Associates $350/hr
o Junior Associates $325/hr
o Law Fellows $300/hr
o Paralegal $250/hr
o Law Clerk $250/hr
o Legal Administrative Staff $175/hr
*Annual CPI increases will apply to all rates effective on July 1st of every year • ABC is authorized to incur all reasonable costs, with the City specifically agreeing to reimburse ABC for all usual and customary costs and expenses incurred relating to the legal services, including but not limited to fees fixed by law or assessed by courts or other public agencies, long distance telephone calls, messenger and other delivery fees, postage, in-office photocopying, scans, fax services, investigation expenses, third-party consultant fees, parking, mileage, and other similar items. • The services to be performed under the Agreement are unique and personal to ABC and no portion of the services shall be assigned or subcontracted without the City’s written consent.

PASSED AND ADOPTED this 6th day of October, 2026, by the following roll call vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

APPROVED:

Daniel E. Furtado, Mayor
ATTEST:

Andrea Sanders, City Clerk
Item 9.1
Tuesday, October 06, 2026 98 of 160
Atchison, Barisone and Condotti LLP - On-Call Municipal Law Services Agreement Page 1 of 7

AGREEMENT FOR CONSULTANT SERVICES
THIS AGREEMENT is made and entered into on ______________, 2026 by and between the CITY OF CAMPBELL, a California municipal corporation, (“City”) and the law firm,

ATCHISON, BARISONE AND CONDOTTI , LLP (“Consultant”). City and Consultant may each be referred to as a “party” or collectively, as the “parties.” I. RECITALS

1.1 The City desires to engage Consultant to provide services to be performed for on-call municipal law services.

1.2 The Consultant agrees to perform the legal services pursuant to the terms of this Agreement.

II. AGREEMENTS

2.1 Scope of Services. Consultant shall provide the services described as on-call municipal law services. All direction and approval of Consultant’s work for City shall be by the Office of the City Attorney.

2.2 Term and Time of Performance. This Agreement will be effective on January 1, 2027 and will remain in effect until terminated by either party or amended in writing by the parties, consistent with the other terms of this agreement.

2.3 Compliance with Laws. Consultant represents to City that it has the professional licenses, and qualifications which are legally required for Consultant to practice its profession

2.4 Sole Responsibility. Consultant shall be responsible for employing or engaging all persons necessary to perform the services under this Agreement.

2.5 Information/Report Handling. All documents furnished to Consultant by the City and all reports and supportive data prepared by the Consultant under this Agreement are the City’s property and shall be delivered to the City upon the completion of Consultant's services or at the City's written request. All reports, information, data, and exhibits prepared or assembled by Consultant in connection with the performance of its services pursuant to this Agreement are confidential attorney-client privileged, until released by the City to the public, and the Consultant shall not make any of the documents or information available to any individual or organization not employed by the Consultant or the City without the City’s written consent before such release.

2.6 Compensation.
a. Compensation for Consultant's professional services be at the rates set forth in Exhibit A, attached hereto and incorporated herein.

Item 9.1
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Atchison, Barisone and Condotti LLP - On-Call Municipal Law Services Agreement Page 2 of 7 b. Legal services shall be charged in increments of 1/10 of an hour (i.e., six-minute units).
c. On or after July 1 of each year commencing in 2027, Consultant may adjust the rates and fees specified herein in accordance with the change in the San Francisco Bay Area Consumer Price Index for All Urban Consumers (CPI-U) for the prior twelve month period provided, however, that Consultant shall provide City with no less than thirty (30) days advance written notice prior to the effective date of such adjustment. Rates are otherwise subject to change by mutual agreement in writing. d. In addition to paying legal fees, City shall reimburse Consultant for all usual and customary costs and expenses incurred relating to the legal services, including but not limited to fees fixed by law or assessed by courts or other public agencies, long distance telephone calls, messenger and other delivery fees, postage, in-office photocopying (noncolor at $0.50 per page; color at $1.00 per page), scans at $0.50 per page, fax services at $2.00 per page, investigation expenses, third-party consultant fees, parking, mileage (IRS rates), and other similar items. City authorizes Consultant to incur all reasonable costs. Consultant may hire any investigators or third-party consultants, reasonably necessary in Consultant’s judgment, except that Consultant shall obtain City’s consent before doing so, which will not be unreasonably withheld.

2.7 Billing. Billing shall be monthly by invoice within thirty (30) days of the rendering of the service and shall be accompanied by a detailed explanation of the work performed by whom at what rate and on what date. Payment shall be made within thirty (30) days of the invoice.

All invoices and statements to the City shall be addressed to the City Attorney.

2.8 Availability of Records. Consultant shall maintain the records supporting this billing for not less than three years following completion of the work under this Agreement.

Consultant shall make these records available to authorized personnel of the City during business hours upon written request of the City.

2.9 Assignability and Subcontracting. The services to be performed under this Agreement are unique and personal to the Consultant. No portion of these services shall be assigned or subcontracted without the written consent of the City.

2.10 Independent Contractor. It is understood that the Consultant, in the performance of the work and services agreed to be performed, shall act as and be an independent contractor and not an employee of the City. As an independent contractor he/she shall not obtain any rights to retirement benefits or other benefits which accrue to City employee(s). With prior written consent, the Consultant may perform some obligations under this Agreement by subcontracting, but may not delegate ultimate responsibility for performance or assign or transfer interests under this Agreement. Consultant agrees to testify in any litigation brought regarding the subject of the work to be performed under this Agreement. Consultant shall be compensated for its costs and expenses in preparing for, traveling to, and testifying in such matters at its then current hourly rates of compensation, unless such litigation is Item 9.1
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Atchison, Barisone and Condotti LLP - On-Call Municipal Law Services Agreement Page 3 of 7 brought by Consultant or is based on allegations of Consultant's negligent performance or wrongdoing.

2.11 Conflict of Interest.

Consultant has no business holdings or agreements with any individual member of the staff or management of the City or its representatives nor shall it enter into any such holdings or agreements which may create conflicts of interest between Consultant and the City. Should any such conflict develop, despite efforts to avoid conflicts between City and any of Consultant’s other clients, then Consultant and its attorneys will immediately notify the City and appropriate measures will be agreed upon, consistent with Consultant’s attorneys’ professional ethical obligations. The City acknowledges that in the event of a conflict of interest, the City will agree to allow Consultant to withdraw from representing the City in the matter which poses a conflict of interest, such that Consultant may continue its legal representation of Consultant’s other clients, in accordance with applicable code of ethics rules.

2.12 Equal Employment Opportunity. Consultant warrants that it is an equal opportunity employer and shall comply with applicable regulations governing equal employment opportunity. Neither Consultant nor its subcontractors do and neither shall discriminate against persons employed or seeking employment with them on the basis of age, sex, color, race, marital status, sexual orientation, ancestry, physical or mental disability, national origin, religion, or medical condition, unless based upon a bona fide occupational qualification pursuant to the California Fair Employment & Housing Act.

III. INSURANCE AND INDEMNIFICATION

3.1 Scope of Insurance:
i. Consultant agrees to have and maintain, for the duration of the Agreement, General Liability insurance policies insuring Consultant to an amount not less than: one million dollars ($1,000,000) combined single limit per occurrence for bodily injury, personal injury and property damage. ii. Consultant agrees to have and maintain for the duration of the Agreement, an Automobile Liability insurance policy ensuring him/her and his/her staff to an amount not less than one million dollars ($1,000,000) combined single limit per accident for bodily injury and property damage. iii. Consultant shall provide to the City all certificates of insurance, with original endorsements affecting coverage. Consultant agrees that all certificates and endorsements are to be received and approved by the City before work commences.

Item 9.1
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Atchison, Barisone and Condotti LLP - On-Call Municipal Law Services Agreement Page 4 of 7 iv. Consultant agrees to have and maintain, for the duration of the Agreement, professional liability insurance in amounts not less than $2,000,000 which is sufficient to insure Consultant for professional errors or omissions in the performance of the particular scope of work under this Agreement.

General Liability:
i. The City, its officers, officials, employees and volunteers are to be covered as insured as respects: liability arising out of activities performed by or on behalf of the Consultant; products and completed operations of Consultant, premises owned or used by the Consultant. This requirement does not apply to the professional liability insurance required for professional errors and omissions.
ii. The Consultant's insurance coverage shall be primary insurance as respects the City, its officers, officials, employees and volunteers. Any insurance or self-insurance maintained by the City, its officers, officials, employees or volunteers shall be excess of the Consultant's insurance and shall not contribute with it.
iii. Any failure to comply with reporting provisions of the policies shall not affect coverage provided to the City, its officers, officials, employees or volunteers.
iv. The Consultant's insurance shall apply separately to each insured against whom a claim is made or suit is brought, except with respect to the limits of the insurer's liability.

3.2 Workers’ Compensation. In addition to these policies, Consultant shall have and maintain Workers' Compensation insurance as required by California law and shall provide evidence of such policy to the City before beginning services under this Agreement. Further, Consultant shall ensure that all subcontractors employed by Consultant provide the required Workers' Compensation insurance for their respective employees.

3.3 Indemnification. The Consultant shall hold harmless, indemnify, and defend the City, its officers, agents, employees and volunteers from all damages, liabilities, penalties, costs, or expenses that may arise in the course of performing work under this Agreement which may be caused by a willful or negligent act or omissions of the Consultant, or any of the Consultant's officers, employees, or agents or any subconsultant.

IV. GENERAL TERMS

4.1 Waiver. No failure on the part of either party to exercise any right or remedy hereunder shall operate as a waiver of any other right or remedy that party may have hereunder, nor does waiver of a breach or default under this Agreement constitute a continuing waiver of a subsequent breach of the same or any other provision of this Agreement.

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Atchison, Barisone and Condotti LLP - On-Call Municipal Law Services Agreement Page 5 of 7

4.2 Governing Law. This Agreement, regardless of where executed, shall be governed by and construed to the laws of the State of California. Venue for any action regarding this Agreement shall be in the Superior Court of the County of Santa Clara.

4.3 Termination of Agreement. The City and the Consultant shall have the right to terminate this Agreement with or without cause by giving not less than ninety days (90) written notice of termination. In the event of termination, the Consultant shall deliver to the City all files, documents, reports, performed to date by the Consultant. In the event of such termination, City shall pay Consultant for legal services rendered by Consultant prior to the effective date of termination and for those legal services rendered by Consultant which are necessarily incurred in transferring the files after notice of termination.

4.4 Amendment. No modification, waiver, mutual termination, or amendment of this Agreement is effective unless made in writing and signed by the City and the Consultant.

4.5 Severability. The unenforceability, invalidity or illegality of any provision(s) of this Agreement shall not render the other provisions unenforceable, invalid or illegal.

4.6 Notices. Any notice required to be given shall be deemed to be duly and properly given if emailed or mailed postage prepaid, and addressed to:

City of Campbell Atchison, Barisone and Condotti, LLP
Attn: City Attorney Attn: Jennifer Quek, Office Manager 70 N. First Street, Upper Level P.O. Box 481
Campbell, CA 95008 Santa Cruz, CA 95061
Email: [email protected]
or personally delivered to such address or such other address as either party designates in writing.

4.8 Entire Agreement. This Agreement, including all Exhibits, constitutes the complete and exclusive statement of the Agreement between the City and Consultant. No terms, conditions, understandings or agreements purporting to modify or vary this Agreement, unless hereafter made in writing and signed by the party to be bound, shall be binding on either party.

4.9 Contract Interpretation. Each party acknowledges that it has reviewed this Agreement and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement.

4.10 Counterparts. The parties may execute this Agreement in counterparts, which, together, shall constitute one and the same instrument. Electronic, scanned pdf, and facsimile signatures shall be accepted as an original. A copy of this Agreement is valid as the original.

Item 9.1
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Atchison, Barisone and Condotti LLP - On-Call Municipal Law Services Agreement Page 6 of 7 IN WITNESS WHEREOF, the City and Consultant have executed this Agreement, effective as of the date first written above.

CITY OF CAMPBELL
By: ___________________________ Date: _________________________ Brian Loventhal, City Manager
CONSULTANT – ATCHISON, BARISONE & CONDOTTI, LLP
By: __________________________ Date: ______________________ Cassie Bronson, Partner
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Atchison, Barisone and Condotti LLP - On-Call Municipal Law Services Agreement Page 7 of 7 Exhibit A
ABC LAW Rate Schedule*
Partners/Senior Associates $350/hr
Junior Associates $325/hr
Law Fellows $300/hr
Paralegal/Law Clerk $250/hr
Legal Administrative Staff $175/hr
*Annual CPI increases apply to all rates
effective on July 1st of every year.

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City Council Report
DATE: October 6, 2026
TITLE: Resolutions Amending the Compensation and Working Conditions for unrepresented Confidential employees, Classified Management employees, and Unclassified Management employees (Resolution/Roll Call Vote)
RECOMMENDED ACTION:

That the City Council (1) adopt a resolution amending the compensation and working conditions for unrepresented Confidential employees; (2) adopt a resolution amending the compensation and working conditions for unrepresented Classified Management employees; and (3) adopt a resolution amending the compensation and working conditions for unrepresented Unclassified Management employees.

BACKGROUND
On July 7, 2026, the City Council approved a Memorandum of Understanding (MOU) with the Campbell Municipal Employees Association (CMEA). On August 18, 2026, the City Council approved MOUs with both the Campbell Peace Officers Association (CPOA) and the North Coast States Regional Council of Carpenters and Its Affiliated Local Unions (CARP). On September 15, 2026, the City Council approved an MOU with the Campbell Police Civilian Employees Association (CPCEA). Among other things, each of these MOUs provided for a retroactive Cost of Living Adjustment (COLA) back to the expiration of their prior respective MOUs; a 2-year agreement from July 1, 2026 through June 30, 2028 that included a COLA for Fiscal Year (FY) 2027 and a COLA for FY 2028; and, a commitment by the City to cover up to an annual 8% increase in the City’s payment towards their health care premium for Health Plan Years (calendar years) 2027 and 2028.

As negotiations neared a tentative agreement with the last group of represented employees to enter into an MOU with the City, the City Manager began his review of salaries and benefits for unrepresented employees, including: Confidential employees, Classified Management employees, and Unclassified Management employees. To assist in his review, the City Manager retained Bryce Consulting, Inc. (Bryce) and requested that they conduct a total compensation analysis for all positions within these unrepresented groups back to 2025. At the conclusion of the analysis process, Bryce determined that the total compensation package for all but four positions within the unrepresented groups were at or above the labor market mean when compared to the same positions from the eleven agencies the City compares with: Cupertino, Gilroy, Los Altos, Los Gatos, Milpitas, Morgan Hill, Mountain View, Palo Alto, Santa Clara, Saratoga, Item 9.2
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and Sunnyvale. For the four positions that were below the market mean (Executive Assistant to the City Manager, Director of Recreation and Community Services, Chief of Police, and Assistant City Manager), the total compensation analyses indicated that these positions fell anywhere between 2.65% and 7.1% below the market mean.

DISCUSSION
After taking into consideration Bryce’s analyses, and consistent with how the City has historically approached compensation and benefits for members within the unrepresented employee groups, the City Manager recommends the City Council approve COLAs and benefit adjustments consistent with the compensation and benefits recently approved for CMEA. Specifically, the City Manager is recommending that the City Council approve, for each member of Confidential, Classified Management and Unclassified Management a 3% COLA retroactive to the first pay period in July 2025; a 3% COLA retroactive to the first pay period in July 2026; and a 3% COLA beginning the first pay period in July 2027.

The City Manager is also recommending that, like the members of CMEA, all members of these unrepresented groups also receive the same commitment from the City for health care coverage, as well as an additional ½ day holiday on Christmas Eve day.

With regard to the four positions that fall below the market mean, the City Manager is recommending the following retroactive market adjustments, effective the first pay period of July 2025:
• Executive Administrative Assistant to the City Manager = 7.0% • Director of Recreation & Community Services = 2.65%
• Chief of Police = 6.42%
• Assistant City Manager = 7.1%
The City Manager believes these market adjustments are appropriate given the disparity in the total compensation package for these positions when measured against Cupertino, Gilroy, Los Altos, Los Gatos, Milpitas, Morgan Hill, Mountain View, Palo Alto, Santa Clara, Saratoga, and Sunnyvale.

Moving forward, staff will continue to monitor and evaluate the City’s compensation practices to ensure the City remains competitive and aligned with market trends. This ongoing monitoring will help demonstrate the City's dedication to its employees and its mission of fostering a motivated and thriving workforce.

FISCAL IMPACT
The table below represents the total annual breakdown cost to the City for salary and benefits for each year for unrepresented Confidential employees, Classified Management employees, and Unclassified Management employees for FY 2026 and FY 2027. Costs impacts for FY 2027 are currently not budgeted, but will be added to mid-year adjustments scheduled to be presented to City Council Spring 2027:

Table 1 – Fiscal Impact by Group per Fiscal Year
Group FY 2026 FY 2027
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Confidential $22,000 $41,600
Classified Management $137,700 $285,000
Unclassified Management $148,100 $200,100
Total All Groups $297,800 $526,700

ALTERNATIVES

1. Do not approve one or all of the attached resolutions.

2. Provide other direction to staff.

PREPARED BY: Angelique Gaeta, Assistant City Manager
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Report Approval Details
Document
Title:

Resolutions Amending Compensation and Working Conditions for Unrepresented Confidential Employees, Classified Management Employees, and Unclassified Management Employees.docx
Attachments: 2026 Confidential Resolution_10.06.2026_Final Draft.docx 2026 Classified MGMT Resolution_10.06.2026_Final.docx
2026 Unclassified MGMT Resolution_10.06.2026_Final Draft.docx Final Approval
Date:

September 30, 2026
This document and all of its attachments were approved and signed as outlined below:

Will Fuentes, Finance Director
Brian Loventhal, City Manager
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CONF Resolution
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RESOLUTION NO. ___________

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL AMENDING

THE COMPENSATION AND WORKING CONDITIONS FOR UNREPRESENTED CONFIDENTIAL EMPLOYEES AS DEFINED IN RESOLUTION 10016 AND AS DESIGNATED IN RESOLUTION 8553
WHEREAS, the City Council of the City of Campbell desires to establish certain salaries and benefits for unrepresented Confidential personnel not covered by a Memorandum of Understanding; and
WHEREAS, the provisions of Title 4, Section 36506 of the Government Code of the State of California provide that the salaries of employees of General Law cities may be fixed or increased by resolution; and
WHEREAS, Title 2, Section 2.16.020 of the Campbell Municipal Code provides that the City Council may, from time to time, by resolution, change the compensation of employees of said City, and may, by resolution, adopt salary and wage scales; and WHEREAS, the City Council of the City of Campbell desires to establish certain salaries and benefits for unrepresented Confidential personnel not covered by a Memorandum of Understanding consistent with Resolution No. 8553;
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Campbell does hereby amend the compensation and working conditions for unrepresented Confidential employees to provide that effective the first pay period in July 2026 (unless a different effective date is provided for herein), the salaries, hours, employee benefits, definitions and other terms and conditions of employment for the City’s unrepresented Confidential employees shall be as follows:

SECTION 1. GENERAL CONDITIONS
A. Personnel Rules and Regulations
Additional terms and conditions of employment are set forth in the City of Campbell Personnel Rules and Regulations, hereinafter referred to as, “Rules and Regulations.” For convenience, the Rules and Regulations can be found at:
https://www.campbellca.gov/DocumentCenter/View/19738/City-of-Campbell-Rulesand-Regulations. Unless otherwise set forth herein, this resolution does not modify or change the provisions of the Rules and Regulations.

B. Confidential Employees
The City’s Confidential employee group includes the following positions:
• Accounting Technician
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• Executive Assistant to the City Manager
• Human Resources Analyst
• Human Resources Representative

C. Definitions

1. Confidential employee: An employee who, in the course of his or her duties, has access to confidential information relating to the City’s administration of employer-employee relations.

2. Appointing Authority/Power: The City Manager and/or Department Head who has the authority to make appointment for the position to be filled.

3. CalPERS/PERS: California Public Employees’ Retirement System.

SECTION 2. COMPENSATION
A. Fiscal Year 2025-2026 Market Adjustment
Effective the first pay period in July 2025, the Executive Assistant to the City Manager classification will receive a market adjustment of seven percent (7%) to bring the classification to the labor market mean in total compensation as surveyed by the City in 2025.

This classification shall also receive a one-time lump sum payment reflecting the above market adjustment for the period covering the first pay period in July 2025 through the last pay period in June 2026.

The market adjustment shall be applied prior to any cost of living adjustment or salary increase set forth below.

B. Fiscal Year 2025-2026 Retroactive Cost of Living Adjustment (COLA) Effective retroactive to the first pay period in July 2025, the base salaries of all Confidential employees shall be increased by three percent (3%). All Confidential employees shall also receive a one-time lump sum payment reflecting a retroactive three percent (3%) COLA for the period covering the first pay period in July 2025 through the last pay period in June 2026.

C. Salary

1. Effective the first pay period in July 2026, the salaries of all Confidential employees shall be increased by three percent (3%). All Confidential employees shall also receive a one-time lump sum payment reflecting a retroactive three percent (3%) COLA for the period covering the first pay period in July 2026 through the date of implementation of this three percent (3%) COLA.

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2. Effective the first pay period in July 2027, the salaries of all Confidential employees shall be increased by three percent (3%).

SECTION 3. HEALTH & WELFARE BENEFIT PROGRAMS
A. Medical Insurance / Cafeteria Plan Allowance

1. Medical Insurance Benefit Program
The City’s maximum monthly contribution for each Confidential employee for the purchase of medical insurance will be equal to the minimum monthly employer contribution required under the Public Employees Medical and Hospital Care Act (PEMHCA). The City’s contribution will come out of the amount the City currently contributes to employees as part of the Cafeteria Plan Allowance, provided below. The cost of the City’s participation in CalPERS will not require the City to expend additional funds toward health insurance beyond what is already provided through the Cafeteria Plan Allowance. Any cost increase to the minimum monthly employer contribution required under PEMCHA will be borne by employees.

2. Cafeteria Plan Allowance
Confidential employees electing medical coverage in the City’s plans will receive a health flex allowance and shall purchase such coverage through the City’s Cafeteria Plan.

Effective January 1, 2026, the monthly Cafeteria Plan Allowance is based on selected level of coverage as follows:
• Employee Only Coverage: $1,151.05
• Employee Plus One Coverage: $2,302.10
• Employee Plus Family Coverage: $2,992.72
Effective January 1, 2027, the monthly Cafeteria Plan Allowance will be set at the Kaiser Permanente Region 1 rates for 2027 at the employee’s selected level of coverage, unless the 2027 rates are more than eight percent (8%) higher than the City’s 2026 contribution. If the year-over-year rate increase exceeds 8% of the City’s 2026 contribution, the City’s Cafeteria Plan Allowance shall be capped at eight percent (8%) higher than the City’s 2026 contribution.

Employees who select a plan with rates higher than the City’s Allowance will be required to make up the difference through salary redirection.

Effective January 1, 2028, the monthly Cafeteria Plan Allowance will be set at the Kaiser Permanente Region 1 rates for 2028 at the employee’s selected level of coverage, unless the 2028 rates are more than eight percent (8%) higher than the City’s 2027 contribution. If the year-over-year rate increase Item 9.2
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exceeds 8% of the City’s 2027 contribution, the City’s Cafeteria Plan Allowance shall be capped at eight percent (8%) higher than the City’s 2027 contribution.

Employees who select a plan with rates higher than the City’s Allowance will be required to make up the difference through salary redirection.

Employees who elect a medical insurance plan with a lower monthly premium than the amount of the City’s medical contribution may apply their unused contribution amount toward other benefit options that are available under the Cafeteria Plan, such as flexible spending accounts for out-of-pocket medical expenses and dependent care, accident insurance, cancer insurance, heart and stroke insurance, long term care insurance and life insurance benefits.

Employees who do not spend all their Cafeteria Plan Allowance on Cafeteria Plan benefits will not receive any cash benefit.

3. Conditional Opt-Out
Employees who, at initial enrollment or during the annual open enrollment period, complete an affidavit and provide proof of other minimum essential coverage for themselves under an exchange/marketplace or an individual plan, will be allowed to waive medical coverage for themselves and their qualified dependents (tax family). The monthly conditional opt-out incentive is $750.

The conditional opt-out incentive shall be paid in cash (taxable income) to the employee. The employee must notify the City within 30 days of the loss of other minimum essential coverage. The conditional opt-out payment shall no longer be payable if the employee and family members cease to be enrolled in other minimum essential coverage.

4. Flexible Spending Account
The City will contribute to each employee’s Flexible Spending Account (FSA) a total of $80.76 per pay period.

B. Benefit Cost Adjustments

1. Dental Insurance
The City shall cover the premium for dental coverage. The annual maximum per patient benefit, not including orthodontia, shall be equal to $2,500. The maximum lifetime per patient benefit for orthodontia coverage shall be equal to two thousand and five hundred dollars ($2,500).

2. Vision Care
The City shall cover the premium for vision coverage for employees and their eligible dependents.

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3. Life Insurance
The City shall provide fifty thousand dollars ($50,000) in life insurance coverage per employee and shall cover the premium. Employees, depending on prequalification, may purchase supplemental life insurance in multiples of ten thousand dollars ($10,000) for up to a maximum of three hundred thousand dollars ($300,000).

4. Accidental Death and Dismemberment Insurance
The City shall pay the premium for fifty thousand dollars ($50,000) of accidental death and dismemberment insurance coverage.

5. Long Term Disability Insurance
The City shall pay the premium for Long Term Disability Insurance. Employees shall receive two-thirds of their monthly base salary, up to a salary maximum of four thousand and five hundred dollars ($4,500) per month, with a maximum benefit of three thousand dollars ($3,000) per month.

6. Deferred Compensation Plan
The City shall contribute fifty-five dollars ($55) per pay period towards a 457(b) Deferred Compensation Plan (Section 457(b)) account for each employee who maintains a Section 457(b) account.

7. Voluntary Employees Beneficiary Association Plan (VEBA) Confidential employees shall participate in the City’s established VEBA program. During an employee’s active employment with the City, the City will contribute sixty-nine dollars and twenty-four cents ($69.24) per pay period to each employee’s California Government VEBA account.

C. Miscellaneous Benefits

1. Tuition Reimbursement
The City will continue the tuition reimbursement program as specified in the Rules and Regulations, with a maximum reimbursement of $3,000 per year.

2. Bilingual Pay
Confidential employees who are certified to have a working level of competence in languages other than English and are required to regularly converse with members of the Campbell community, will receive one-hundred dollars ($100) per pay period as Bilingual Pay.

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SECTION 4. RETIREMENT BENEFITS AND FORMULAS
Upon submission of enrollment information, the California Public Employees’ Retirement System (CalPERS) shall determine whether a new employee is a “classic member” or “new member” in accordance with the Public Employees’ Pension Reform Act (PEPRA).

A. Miscellaneous Retirement Benefit Formulas / Benefits

1. Employees Hired prior to March 7, 2011
For Classic Miscellaneous Members hired prior to March 7, 2011, the City contracts the following PERS options: 2.5% at age 55, highest 36-month salary, military service buy back option, 1959 survivor benefit (Level 3, One-half continuance), Credit for unused sick leave (Credit for Peace Corps, AmeriCorps VISTA, AmeriCorps Service). Employee contribution 8%.

2. Employees Hired after March 6, 2011
For Classic Miscellaneous Members hired after March 6, 2011, the City contracts the following PERS options: 2% at age 60, highest 36-month salary, military service buy back option, 1959 survivor benefit (Level 3, One-half continuance), Credit for unused sick leave (Credit for Peace Corps, AmeriCorps VISTA, AmeriCorps Service). Employee contribution 7%.

3. Employees Hired after December 31, 2012
For New Miscellaneous Members hired after December 31, 2012 (Classic Miscellaneous Members hired after December 31, 2012, are under the Classic Miscellaneous Members hired after March 6, 2011 plan.), the City contracts the following PERS options: 2% at age 62, highest 36-month salary, military service buy back option, 1959 survivor benefit (Level 3, One-half continuance), Credit for unused sick leave (Credit for Peace Corps, AmeriCorps VISTA, AmeriCorps Service). Employee contribution

7.75%.

B. Retiree Award Program
For retirees from the City of Campbell who were hired prior to July 1, 2017, have at least 17 years of service, and have reached a minimum age of 50, the City will continue the existing Retiree Award Program as follows:

1. The City will award out-of-pocket costs for retirees to cover medical and dental premiums on a reimbursement basis, as follows:
• A maximum of $325 per month.

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• Retiree dependents are not eligible for the Retiree Award Program. • Employees hired on or after July 1, 2017 will not be eligible for the Retiree Award Program.

SECTION 5. OTHER PROVISIONS APPLICABLE TO ALL CONFIDENTIAL

EMPLOYEES
A. Public Employees’ Retirement System (PERS)
The City will be responsible for any increase to the PERS employer contribution rate for the PERS plan.

B. Vacation
Confidential employees shall be entitled to vacation with pay in accordance with the following schedule. Vacation accrual shall be as follows:

1. Start of year 1 through completion of year 4, vacation will be accrued at the rate of 3.38 hours per biweekly pay period worked. (11 eight-hour days per year) Retainable Hours: 192 hours

2. Start of year 5 through completion of year 10, vacation will be accrued at the rate of 4.92 hours per biweekly pay period worked. (16 eight-hour days per year)
Retainable Hours: 232 hours

3. Start of year 11 through completion of year 15, vacation will be accrued at the rate of 5.85 hours per biweekly pay period worked. (19 eight-hour days per year)
Retainable Hours: 272 hours

4. Start of year 16 and thereafter, vacation will be accrued at the rate of 6.46 hours per biweekly pay period worked. (21 eight-hour days per year) Retainable Hours: 304 hours
C. Holidays
Confidential employees shall be entitled to take all authorized holidays at full pay, not to exceed eight (8) hours for any one (1) day.

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• Fourth Thursday in November and day after: Thanksgiving Day and Day After • December 24: Christmas Eve Day
• December 25: Christmas Day
D. Sick Leave
Confidential employees accrue 3.69 hours of sick leave per pay period.

Accumulation is unlimited.

E. Floating Holidays
Five and a half (5.5) Floating Holidays (44 hours) shall be incorporated into the Confidential employee’s Leave Bank. Employees receive the appropriate prorated portion of this entitlement upon hire and termination. Floating Holidays must be used during the calendar year in which they are granted. Unused Floating Holiday time may not be carried over to the next calendar year. Floating Holiday time shall have no monetary value upon termination of employment.

F. Probationary Period
The Probationary Period for Confidential employees will be administered in accordance with the Rules and Regulations.

BE IT FURTHER RESOLVED that the City Council of the City of Campbell does hereby rescind City Council Resolutions 12880 and 13314, and replaces them with this resolution establishing the above compensation, benefits, and working conditions for unrepresented Confidential employees not covered by a Memorandum of Understanding agreement; and
BE IT FUTHER RESOLVED that it is not the intent of this City Council in approving the resolution to change, modify, or repeal in any way any of the existing provisions of the Rules and Regulations; and
FINALLY, BE IT FURTHER RESOLVED that the City Appointing Power and the Human Resources Manager have the authority to take any necessary administrative actions to implement the provisions of this resolution.

PASSED AND ADOPTED this 6th day of October 2026 by the following roll call vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

APPROVED:

Daniel E. Furtado, Mayor
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ATTEST:

Andrea Sanders, City Clerk
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RESOLUTION NO. ___________

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL AMENDING

THE COMPENSATION AND WORKING CONDITIONS FOR UNREPRESENTED CLASSIFIED MANAGEMENT EMPLOYEES AS DEFINED IN RESOLUTION 10016 AND AS DESIGNATED IN RESOLUTION 8553
WHEREAS, the City Council of the City of Campbell desires to establish certain salaries and benefits for unrepresented Classified Management personnel not covered by a Memorandum of Understanding, and
WHEREAS, the provisions of Title 4, Section 36506 of the Government Code of the State of California provide that the salaries of employees of General Law cities may be fixed or increased by resolution; and
WHEREAS, Title 2, Section 2.16.020 of the Campbell Municipal Code provides that the City Council may, from time to time, by resolution, change the compensation of employees of said City, and may, by resolution, adopt salary and wage scales; and WHEREAS, the City Council of the City of Campbell desires to establish certain salaries and benefits for unrepresented Classified Management personnel not covered by a Memorandum of Understanding consistent with City Council Resolution No. 8553; NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Campbell does hereby amend the compensation and working conditions for unrepresented Classified Management employees to provide that effective the first pay period in July 2026 (unless a different effective date is stated herein), the salaries, hours, employee benefits, definitions and other terms and conditions of employment for unrepresented Classified Management employees shall be as follows:

B. Classified Management Employees
The City’s Classified Management employees include the following positions:
• Administrative Analyst II
• Assistant Finance Director
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• Building Official
• Building Maintenance Supervisor
• City Clerk
• Assistant Public Works Director - City Engineer
• Community Center Manager
• Finance Manager
• Human Resources Manager
• Information Technology Manager
• Parks Maintenance Supervisor
• Planning Manager
• Police Captain
• Police Lieutenant
• Public Works Superintendent
• Recreation Services Manager
• Senior Civil Engineer
• Senior Public Works Project Manager
• Street and Fleet Maintenance Supervisor
• Support Services Manager
• Traffic Engineer
C. Definitions

1. Management Employee: An employee having responsibility for formulating, administering, or managing the implementation of City policies and programs consistent with City Council Resolution 10016.

2. Appointing Authority/Power: The City Manager and/or Department Head who has the authority to make appointment to the position to be filled.

3. CalPERS/PERS: California Public Employees’ Retirement System.

SECTION 2. COMPENSATION
A. Fiscal Year 2025-2026 Retroactive Cost of Living Adjustment (COLA) Effective retroactive to the first pay period in July 2025, the base salaries of all Classified Management employees shall be increased by three percent (3%). All Classified Management employees shall also receive a one-time lump sum payment reflecting a retroactive three percent (3%) COLA for the period covering the first pay period in July 2025 through the last pay period in June 2026.

B. Salary

1. Effective the first pay period in July 2026, the salaries of all Classified Management employees shall be increased by three percent (3%). All Classified Management employees shall also receive a one-time lump sum payment reflecting a retroactive three percent (3%) COLA for the period covering the first Item 9.2
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pay period in July 2026 through the date of implementation of this three percent (3%) COLA.

2. Effective the first pay period in July 2027, the salaries of all Classified Management employees shall be increased by three percent (3%).

SECTION 3. HEALTH & WELFARE BENEFIT PROGRAMS
A. Medical Insurance / Cafeteria Plan Allowance

1. Medical Insurance Benefit Program
The City’s maximum monthly contribution for each Classified Management employee for the purchase of medical insurance will be equal to the minimum monthly employer contribution required under the Public Employees Medical and Hospital Care Act (PEMHCA). The City’s contribution will come out of the amount the City currently contributes to employees as part of the Cafeteria Plan Allowance, provided below. The cost of the City’s participation in CalPERS will not require the City to expend additional funds toward health insurance beyond what is already provided through the Cafeteria Plan Allowance. Any cost increase to the minimum monthly employer contribution required under PEMCHA will be borne by employees.

2. Cafeteria Plan Allowance
Classified Management employees electing medical coverage in the City’s plans will receive a health flex allowance and shall purchase such coverage through the City’s Cafeteria Plan.

Effective January 1, 2028, the monthly Cafeteria Plan Allowance will be set at the Kaiser Permanente Region 1 rates for 2028 at the employee’s selected level Item 9.2
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of coverage, unless the 2028 rates are more than eight percent (8%) higher than the City’s 2027 contribution. If the year-over-year rate increase exceeds 8% of the City’s 2027 contribution, the City’s Cafeteria Plan Allowance shall be capped at eight percent (8%) higher than the City’s 2027 contribution. Employees who select a plan with rates higher than the City’s Allowance will be required to make up the difference through salary redirection.

Employees who do not spend all their Cafeteria Plan Allowance on Cafeteria Plan benefits will not receive any cash benefit.

3. Conditional Opt-Out
Employees who at initial enrollment or during the annual open enrollment period, complete an affidavit and provide proof of other minimum essential coverage for themselves under an exchange/marketplace or an individual plan, will be allowed to waive medical coverage for themselves and their qualified dependents (tax family).

The monthly conditional opt-out incentive is $750.

4. Flexible Spending Account
The City will contribute to each employee’s Flexible Spending Account (FSA) a total of $80.76 per pay period.

B. Benefit Cost Adjustments

2. Vision Care
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The City shall cover the premium for vision coverage for employees and their eligible dependents.

4. Accidental Death and Dismemberment Insurance
The City shall pay the premium for fifty thousand dollars ($50,000) accidental death and dismemberment insurance coverage.

5. Long Term Disability Insurance
The City shall pay the premium for Long Term Disability Insurance. Employees shall receive two-thirds of their monthly base salary, up to a salary maximum of six thousand dollars ($6,000) per month, with a maximum benefit of four thousand dollars ($4,000) per month.

6. Voluntary Employees Beneficiary Association Plan (VEBA) Classified Management employees will participate in the City’s established VEBA program. During an employee’s active employment with the City, the City will contribute eighty-six dollars and sixteen cents ($86.16) per pay period to that employee’s California Government VEBA account.

Consistent with City Council Resolution No. 13147, upon termination, retirement, or death, employees in the following subgroups will have the value of their unused sick leave automatically deposited into their respective individual VEBA accounts:
• Classified Management employees who have completed 0 – 4 years of service;
• Classified Management employees who have completed 5 – 10 years of service; and
• Classified Management employees who have completed at least 21 years of service.

Employees in these subgroups have voted to waive any option they currently have to designate the use of their unused sick leave upon termination, retirement, or death, including opting to cash out their unused sick leave or opting to use the value of their unused sick leave towards the purchase of years of service.

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The automatic transfer of unused sick leave shall follow the formula below:

YEARS OF SERVICE NET % OF UNUSED SICK

LEAVE TO VEBA
Under 5 Years of Service 0%
5 years completed through 10 years
completed service
20% at terminal pay rate
Start of year 11 through completion
of year 15
30% at terminal pay rate
Start of year 16 though completion
of year 20
40% at terminal pay rate
Start of year 21 and thereafter 50% at terminal pay rate C. Miscellaneous Benefits

1. Tuition Reimbursement
The City will continue the tuition reimbursement program as specified in the Rules and Regulations, Section 18.3.A, with a maximum reimbursement of $3,000 per year per employee.

2. Auto Allowance
The City will provide an auto allowance for the following employees:

Job Classification Auto Allowance Amount
Assistant Finance Director $160/month
Assistant Public Works Director - City
Engineer
$160/month
Building Official $160/month
City Clerk $160/month
Finance Manager $160/month
Human Resources Manager $160/month
IT Manager $160/month
Planning Manager $160/month
Recreation Services Manager $160/month
Senior Civil Engineer $160/month
Senior Public Works Project Manager $160/month
Support Services Manager $160/month
Traffic Engineer $160/month

3. Uniform Allowance
The City will provide a uniform allowance of One Thousand One Hundred Dollars ($1,100.00) to Sworn Safety Management classifications.

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SECTION 4. RETIREMENT BENEFITS AND FORMULAS
This section applies to Classified Management employees in both miscellaneous and safety retirement systems. Upon submission of enrollment information, the California Public Employees’ Retirement System (CalPERS) shall determine whether a new employee is a “classic member” or “new member” in accordance with the Public Employees’ Pension Reform Act (PEPRA).

A. Miscellaneous Retirement Benefit Formulas / Benefits

B. Safety Members’ Retirement Benefit Formulas/Benefits

1. Safety Members Hired prior to October 18, 2010
For Classic Safety Members hired prior to October 18, 2010, the City contracts the following PERS options: 3% at age 50, highest 12-month salary, 1959 Survivor Benefit (Level 4, one-half continuance), Credit for unused sick leave.

Employee contribution 9%.

2. Safety Members hired after October 17, 2010
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For Classic Safety Members hired after October 17, 2010, the City contracts the following PERS options: 2% at age 50, highest 36-month salary, 1959 Survivor Benefit (Level 4, one-half continuance), Credit for unused sick leave. Employee contribution 9%.

3. Safety Members hired after December 31, 2012
For New Safety Members hired after December 31, 2012, (Classic Safety Members hired after December 31, 2012, are under the Classic Safety Members hired after October 17, 2010 plan. To be eligible for service retirement, the employee must be least age 50 and have five years of PERS credited service), the City contracts the following PERS options: 2.7% at age 57, highest 36-month salary, 1959 Survivor Benefit (Level 4, one-half continuance), Credit for unused sick leave. Employee contribution 13%.

C. Retiree Award Program
For retirees from the City of Campbell who were hired prior to July 1, 2017, have at least 17 years of service, and have reached a minimum age of 50, the City will continue the existing Retiree Award Program as follows:

1. The City will award out-of-pocket costs for retirees to cover medical and dental premiums on a reimbursement basis, as follows:
• A maximum of $325 per month.
• Retiree dependents are not eligible for the Retiree Award Program. • Employees hired on or after July 1, 2017 will not be eligible for the Retiree Award Program.

SECTION 5. OTHER PROVISIONS APPLICABLE TO ALL CLASSIFIED

MANAGEMENT EMPLOYEES
A. Public Employees’ Retirement System (PERS)
The City will be responsible for any increase to the PERS employer contribution rate for the PERS plan.

B. Vacation
Classified Management employees shall be entitled to vacation with pay in accordance with the following schedule. Vacation accrual shall be as follows:

1. Start of year 1 through completion of year 4, vacation will be accrued at the rate of 3.38 hours per biweekly pay period worked. (11 eight-hour days per year)

2. Start of year 5 through completion of year 10, vacation will be accrued at the rate of 4.92 hours per biweekly pay period worked. (16 eight-hour days per year) Item 9.2
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3. Start of year 11 through completion of year 15, vacation will be accrued at the rate of 5.85 hours per biweekly pay period worked. (19 eight-hour days per year)

4. Start of year 16 and thereafter, vacation will be accrued at the rate of 6.46 hours per biweekly pay period worked. (21 eight-hour days per year) Classified Management employees may accumulate and retain their vacation leave to a maximum of 520 hours as of December 31 of each calendar year. This limitation may be temporarily waived by approval of the City Manager when special circumstances exist. Use of continuous vacation leave beyond 240 hours shall require approval of the Appointing Authority.

In the case of employees who work a 40-hour week, when one or more holidays fall within an annual vacation leave, such holidays shall not be charged as vacation leave and the vacation leave shall be extended accordingly.

C. Holidays
Classified Management employees shall be entitled to take all authorized holidays at full pay, not to exceed eight (8) hours for any one (1) day.

1. Classified Management employees shall be entitled to sixty (60) hours of administrative leave per calendar year and will receive the appropriate prorated portion of this entitlement upon hire and termination.

At the end of the calendar year, a maximum of sixty (60) hours of administrative leave may be carried over to the next calendar year.

2. Classified Management employee classifications listed below who are also members of the Executive Team will receive eighty (80) hours of administrative leave pay per calendar year and will receive the appropriate prorated portion of this entitlement upon hire and termination.

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• City Clerk
• Human Resources Manager
• Information Technology Manager
At the end of the calendar year, a maximum of eighty (80) hours of administrative leave may be carried over to the next calendar year.

E. Sick Leave
Classified Management employees accrue 3.69 hours of sick leave per pay period.

Accumulation is unlimited. Upon an employee’s termination, retirement, or death, the City shall automatically transfer the value of the employee’s unused sick leave to the employee’s California Government VEBA account, in accordance with Section

3.B.6 of this resolution.

F. Floating Holidays
Five (5) Floating Holidays (40 hours) shall be incorporated into the Employee Leave Bank. Employees receive the appropriate prorated portion of this entitlement upon hire and termination. Floating Holidays must be used during the calendar year in which they are granted. Unused Floating Holiday time may not be carried over to the next calendar year. Floating Holiday time shall have no monetary value upon termination of employment.

BE IT FURTHER RESOLVED that the City Council of the City of Campbell hereby rescinds City Council Resolution Nos. 12881, 13147, and 13312 and replaces them with this resolution establishing the above compensation, benefits and working conditions for unrepresented Classified Management employees not covered by a Memorandum of Understanding agreement.

BE IT FUTHER RESOLVED that it is not the intent of this City Council in approving this resolution to change, modify, or repeal in any way any of the existing provisions of the Rules and Regulations; and
FINALLY, BE IT FURTHER RESOLVED that the City Appointing Power and the Human Resources Manager have the authority to take any necessary administrative actions to implement the provisions of this resolution.

PASSED AND ADOPTED this 6th day of October 2026 by the following roll call vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

APPROVED:

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Daniel E. Furtado, Mayor
ATTEST:

Andrea Sanders, City Clerk
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RESOLUTION NO. ___________

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL AMENDING

THE COMPENSATION AND WORKING CONDITIONS FOR

UNREPRESENTED UNCLASSIFIED MANAGEMENT EMPLOYEES
AS DEFINED IN RESOLUTION 10016 AND DESIGNATED IN RESOLUTION 8553 WHEREAS, the City Council of the City of Campbell desires to establish certain salaries and benefits for unrepresented Unclassified Management personnel not covered by a Memorandum of Understanding, and
WHEREAS, the provisions of Title 4, Section 36506 of the Government Code of the State of California provide that the salaries of employees of General Law cities may be fixed or increased by resolution; and
WHEREAS, Title 2, Section 2.16.020 of the Campbell Municipal Code provides that the City Council may, from time to time, by resolution, change the compensation of employees of said City, and may, by resolution, adopt salary and wage scales; and WHEREAS, the City Council of the City of Campbell desires to establish certain salaries and benefits for unrepresented Unclassified Management personnel not covered by a Memorandum of Understanding, consistent with Resolution No. 8553:

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Campbell does hereby amend the compensation and working conditions for unrepresented Unclassified Management employees to provide that effective the first pay period in July 2026 (unless a different effective date is provided for herein), the salaries, hours, employee benefits, definitions and other terms and conditions of employment for the City’s unrepresented Unclassified Management employees shall be as follows:

B. Unclassified Management Employees
The City’s Unclassified Management employees include the following positions:
• Assistant City Manager
• Community Development Director
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• Finance Director
• Police Chief
• Public Works Director
• Recreation and Community Services Director
C. Definitions

1. Management Employee: An employee having responsibility for formulating, administering, or managing the implementation of City policies and programs consistent with Resolution 10016.

2. Appointing Authority/Power: The City Manager and/or Department Head who has the authority to make appointment for the position to be filled.

3. CalPERS/PERS: California Public Employees’ Retirement System.

SECTION 2. COMPENSATION
A. Fiscal Year 2025-2026 Market Adjustment
Effective retroactive to the first pay period in July 2025, the following classifications shall receive the market adjustments provided below to bring the listed classification to the labor market mean in total compensation as surveyed by the City in 2025:
• Recreation and Community Services Director = 2.65%
• Chief of Police = 6.42%
• Assistant City Manager = 7.1%
These classifications shall also receive a one-time lump sum payment reflecting the above market adjustment for the period covering the first pay period in July 2025 through the last pay period in June 2026.

These market adjustments shall be applied prior to any cost of living adjustment or salary increase set forth below.

B. Fiscal Year 2025-2026 Retroactive Cost of Living Adjustment (COLA) Effective retroactive to the first pay period in July 2025, the base salaries of all Unclassified Management employees shall be increased by three percent (3%).

All Unclassified Management employees shall also receive a one-time lump sum payment reflecting a retroactive three percent (3%) COLA for the period covering the first pay period in July 2025 through the last pay period in June 2026.

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C. Salary

1. Effective the first pay period in July 2026, the salaries of all Unclassified Management employees shall be increased by three percent (3%). All Unclassified Management employees shall also receive a one-time lump sum payment reflecting a retroactive three percent (3%) COLA for the period covering the first pay period in July 2026 through the date of implementation of this three percent (3%) COLA.

2. Effective the first pay period in July 2027, the salaries of all Unclassified Management employees shall be increased by three percent (3%).

SECTION 3. HEALTH & WELFARE BENEFIT PROGRAMS
A. Medical Insurance / Cafeteria Plan Allowance

1. Medical Insurance Benefit Program
The City’s maximum monthly contribution for each Unclassified Management employee for the purchase of medical insurance will be equal to the minimum monthly employer contribution required under the Public Employees Medical and Hospital Care Act (PEMHCA). The City’s contribution will come out of the amount the City currently contributes to employees as part of the Cafeteria Plan Allowance, provided below. The cost of the City’s participation in CalPERS will not require the City to expend additional funds toward health insurance beyond what is already provided through the Cafeteria Plan Allowance. Any cost increase to the minimum monthly employer contribution required under PEMCHA will be borne by employees.

2. Cafeteria Plan Allowance
Unclassified Management employees electing medical coverage in the City’s plans will receive a health flex allowance and shall purchase such coverage through the City’s Cafeteria Plan.

Effective January 1, 2026, the monthly Cafeteria Plan Allowance is based on selected level of coverage as follows:
• Employee Only Coverage: $1,151.05
• Employee Plus One Coverage: $2,302.10
• Employee Plus Family Coverage: $2,992.72
Effective January 1, 2027, the monthly Cafeteria Plan Allowance will be set at the Kaiser Permanente Region 1 rates for 2027 at the employee’s selected level of coverage, unless the 2027 rates are more than eight percent (8%) higher than the City’s 2026 contribution. If the year-over-year rate increase exceeds 8% of the City’s 2026 contribution, the City’s Cafeteria Plan Allowance Item 9.2
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shall be capped at eight percent (8%) higher than the City’s 2026 contribution.

Employees who select a plan with rates higher than the City’s Allowance will be required to make up the difference through salary redirection.

Effective January 1, 2028, the monthly Cafeteria Plan Allowance will be set at the Kaiser Permanente Region 1 rates for 2028 at the employee’s selected level of coverage, unless the 2028 rates are more than eight percent (8%) higher than the City’s 2027 contribution. If the year-over-year rate increase exceeds 8% of the City’s 2027 contribution, the City’s Cafeteria Plan Allowance shall be capped at eight percent (8%) higher than the City’s 2027 contribution.

Employees who select a plan with rates higher than the City’s Allowance will be required to make up the difference through salary redirection.

Employees who do not spend all their Cafeteria Plan Allowance on Cafeteria Plan benefits will not receive any cash benefit.

3. Conditional Opt-Out
Employees who at initial enrollment or during the annual open enrollment period complete an affidavit and provide proof of other minimum essential coverage for themselves under an exchange/marketplace or an individual plan, will be allowed to waive medical coverage for themselves and their qualified dependents (tax family). The monthly conditional opt-out incentive is $750.

4. Flexible Spending Account
The City will contribute to each employee’s Flexible Spending Account (FSA) a total of $80.76 per pay period.

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B. Benefit Cost Adjustments

2. Vision Care
The City shall cover the premium for vision coverage for employees and their eligible dependents.

4. Accidental Death and Dismemberment Insurance
The City shall pay the premium for fifty thousand dollars ($50,000) accidental death and dismemberment insurance coverage.

5. Long Term Disability Insurance
The City shall pay the premium for Long Term Disability Insurance. Employees shall receive two-thirds of their monthly base salary, up to a salary maximum of six thousand dollars ($6,000) per month, with a maximum benefit of four thousand dollars ($4,000) per month.

6. Voluntary Employees Beneficiary Association Plan (VEBA) Unclassified Management employees will participate in the City’s established VEBA program. During an employee’s active employment with the City, the City will contribute eighty-six dollars and sixteen cents ($86.16) per pay period to that employee’s California Government VEBA account.

Further, Unclassified Management employees have voted to waive any option they currently have to designate the use of their unused sick leave upon termination, retirement, or death, including opting to cash out their unused sick leave or opting to use the value of their unused sick leave towards the purchase of years of service. Accordingly, and consistent with City Council Resolution No. 13146, upon termination, retirement, or death, the City shall automatically transfer the value of the employee’s unused sick leave to his or Item 9.2
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her respective individual California Government VEBA account according to the following formula:

YEARS OF SERVICE NET % OF UNUSED SICK

1. Tuition Reimbursement
The City will continue the tuition reimbursement program as specified in the Rules and Regulations with a maximum reimbursement of $3,000 per year.

2. Auto Allowance
The City will provide an auto allowance for the following Unclassified Management employees:

Job Classification Auto Allowance
Amount
Assistant City Manager $220/month
Community Development Director $220/month
Finance Director $220/month
Public Works Director $220/month
Recreation & Community Services Director $220/month

3. Uniform Allowance
The City will provide a uniform allowance of One Thousand, One Hundred Dollars ($1,100.00) to Unclassified Sworn Safety Management employees.

SECTION 4. RETIREMENT BENEFITS AND FORMULAS
This section applies to Unclassified Management employees in both miscellaneous and safety retirement systems. Upon submission of enrollment information, the California Public Employees’ Retirement System (CalPERS) shall determine whether a new employee is a “classic member” or “new member” in accordance with the Public Item 9.2
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Employees’ Pension Reform Act (PEPRA).

A. Miscellaneous Retirement Benefit Formulas / Benefits

7.75%.

B. Safety Members’ Retirement Benefit Formulas/Benefits

2. Safety Members hired after October 17, 2010
For Classic Safety Members hired after October 17, 2010, the City contracts the following PERS options: 2% at age 50, highest 36-month salary, 1959 Survivor Benefit (Level 4, one-half continuance), Credit for unused sick leave. Employee contribution 9%.

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2.7% at age 57, highest 36-month salary, 1959 Survivor Benefit (Level 4, one-half continuance), Credit for unused sick leave. Employee contribution 13%.

SECTION 5. OTHER PROVISIONS APPLICABLE TO ALL UNCLASSIFIED

MANAGEMENT EMPLOYEES
A. Public Employees’ Retirement System (PERS)
The City will be responsible for any increase to the PERS employer contribution rate for the PERS plan.

B. Vacation
Unclassified Management employees shall be entitled to vacation with pay in accordance with the following schedule. Vacation accrual shall be as follows:

1. Start of year 1 through completion of year 4, vacation will be accrued at the rate of 3.38 hours per biweekly pay period worked. (11 eight-hour days per year)

2. Start of year 5 through completion of year 10, vacation will be accrued at the rate of 4.92 hours per biweekly pay period worked. (16 eight-hour days per year)
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3. Start of year 11 through completion of year 15, vacation will be accrued at the rate of 5.85 hours per biweekly pay period worked. (19 eight-hour days per year)

4. Start of year 16 and thereafter, vacation will be accrued at the rate of 6.46 hours per biweekly pay period worked. (21 eight-hour days per year) Unclassified Management employees may accumulate and retain their vacation leave to a maximum of 520 hours as of December 31 of each calendar year. This limitation may be temporarily waived by approval of the City Manager when special circumstances exist. Use of continuous vacation leave beyond 240 hours shall require approval of the Appointing Authority.

In the case of employees who work a 40-hour week, when one or more holidays falls within an annual vacation leave, such holidays shall not be charged as vacation leave and the vacation leave shall be extended accordingly.

C. Holidays
Unclassified Management employees shall be entitled to take all authorized holidays at full pay, not to exceed eight (8) hours for any one (1) day.

The holidays for the City are:
• January 1: New Year’s Day
• Third Monday in January: Martin Luther King, Jr. Day
• Third Monday in February: President’s Day
• Last Monday in May: Memorial Day
• July 4: Independence Day
• First Monday in September: Labor Day
• Fourth Thursday in November and day after: Thanksgiving Day and Day After • December 24: Christmas Eve Day
• December 25: Christmas Day
D. Administrative/Management Leave Time
Unclassified Management employee classifications will receive eighty (80) hours of administrative leave pay per calendar year and will receive the appropriate prorated portion of this entitlement upon hire and termination. At the end of the calendar year, a maximum of eighty (80) hours of administrative leave may be carried over to the next calendar year.

E. Sick Leave
Unclassified Management employees accrue 3.69 hours of sick leave per pay period. Accumulation is unlimited. Upon an employee’s termination, retirement, or death, the City shall automatically transfer the value of the employee’s unused sick Item 9.2
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leave to the employee’s California Government VEBA account, in accordance with Section 3.B.6 of this resolution.

F. Floating Holidays
Five (5) Floating Holidays (40 hours) shall be incorporated into the employee’s Leave Bank. Employees receive the appropriate prorated portion of this entitlement upon hire and termination. Floating Holidays must be used during the calendar year in which they are granted. Unused Floating Holiday time may not be carried over to the next calendar year. Floating Holiday time shall have no monetary value upon termination of employment.

BE IT FURTHER RESOLVED that the City Council of the City of Campbell hereby rescinds City Council Resolutions 12882, 13146, and 13313, and replaces them with this resolution establishing the above compensation, benefits and working conditions for unrepresented Unclassified Management employees not covered by a Memorandum of Understanding agreement.

PASSED AND ADOPTED this 6th day of October 2026 by the following roll call vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

APPROVED:

Daniel E. Furtado, Mayor
ATTEST:

Andrea Sanders, City Clerk
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City Council Report
DATE: October 6, 2026
TITLE: Resolution Adjusting City Manager’s Salary (Resolution/Roll Call Vote) RECOMMENDED ACTION:

That the City Council adopt a resolution adjusting the salary of the City Manager to provide for a market adjustment to the City Manager’s compensation.

BACKGROUND
The City of Campbell (“City”) first entered into an Agreement for City Manager Services with Brian Loventhal on December 5, 2016 (“Agreement”). The parties have since amended the Agreement three times and the current terms between the parties are reflected in the Third Amended Agreement for City Manager Services (“Third Amended Agreement”), which the City Council approved on September 5, 2023, by City Council Resolution 13044. Per the terms of the Third Amended Agreement, the City Council is authorized to adjust the City Manager’s salary at any time by way of a resolution.

On August 18, 2026, the City Council concluded the City Manager’s yearly performance evaluation and considered a salary adjustment to the City Manager’s compensation.

Following their discussion, the City Council voted to bring to open session an item adjusting the City Manager’s salary, as more fully outlined below.

DISCUSSION
Following the City Manager’s recent annual performance evaluation, the City Council voted to bring to open session an item adjusting the City Manager’s salary by five percent (5%) to account for a market adjustment, effective the first pay period in July 2026. This adjustment would bring the City Manager’s salary into alignment with the compensation of city managers in the other comparable agencies the City considers when evaluating employee compensation packages, including: Cupertino, Gilroy, Los Altos, Los Gatos, Milpitas, Morgan Hill, Mountain View, Palo Alto, Santa Clara, Saratoga, and Sunnyvale.

Accordingly, the attached proposed resolution reflects a salary adjustment of 5%, retroactive to the first pay period in July 2026; thereby, increasing the City Manager’s annual salary from $358,883.20 to $399,776.15 (inclusive of any automatically applied COLA adjustments per Section 2(a) of the Third Amended Agreement for FY 26 and FY 27).

FISCAL IMPACT
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The recommended action is not funded within the Fiscal Year 2027 adopted budget and will require a budget adjustment of approximately $18,000 during the mid-year update in February 2027 plus estimated costs costs of $21,000 associated with automatic COLA adjustments applied per Section 2(a) of the Third Amended Agreement for City Manager Services for FY 26 and FY 27.

ALTERNATIVES

1. Do not adopt the attached resolution.

PREPARED BY: Angelique Gaeta, Assistant City Manager
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Report Approval Details
Document Title: Resolution Amending Agreement for City Manager Services.docx Attachments: Resolution - Approving Market Adjustment to City Manager Salary_10.06.2026.docx
Resolution 13044 and Third Amended Agreement_

09.05.2023.pdf
Final Approval
Date:

September 30, 2026
This document and all of its attachments were approved and signed as outlined below:

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

A RESOLUTION OF THE CITY OF CAMPBELL CITY COUNCIL ADJUSTING THE CITY

MANAGER SALARY TO PROVIDE FOR A MARKET ADJUSTMENT
WHEREAS, the City of Campbell first entered into an agreement with Brian Loventhal for City Manager Services (" Agreement"), on December 5, 2016; and WHEREAS, the Agreement has since been amended and the current terms between the parties are reflected in a Third Amended Agreement for City Manager Services (“Third Amended Agreement”), approved by the City Council on September 5, 2026 by way of City Council Resolution 13044; and
WHEREAS, the Third Amended Agreement specifically authorizes the City Council to adjust the salary of the City Manager by way of a City Council resolution; and WHEREAS, on August 18, 2026, the City Council concluded its yearly performance evaluation of the City Manager; and
WHEREAS, based on that evaluation, the City Council desires to adjust the City Manager’s salary by five percent (5%) to reflect a market adjustment, effective the first pay period of July 2026; and
WHEREAS, this adjustment is consistent with the compensation of city managers in other comparable agencies;
NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Campbell does hereby approve a five percent (5%) market adjustment to the City Manager’s salary, effective the first pay period in July 2026.

PASSED AND ADOPTED this 6th day of October, 2026, by the following roll call:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

APPROVED:

Daniel E. Furtado, Mayor
ATTEST:

Andrea Sanders, City Clerk
Item 9.3
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RESOLUTION NO. 13044

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL

AUTHORIZING THE AMENDMENT OF THE AGREEMENT FOR CITY MANAGER

SERVICES TO ADJUST THE SALARY FOR THE CITY MANAGER AND PROVIDE FOR COST-OF- LIVING ADJUSTMENTS; AND, AUTHORIZING AN AMENDMENT TO

THE CITY' S ANNUAL SALARY SCHEDULE FOR THE CITY MANAGER

CLASSIFICATION
WHEREAS, the City Council entered into an agreement with Brian Loventhal for City Manager Services (" Agreement"), effective December 5, 2016; and WHEREAS, Section' 2. 16. 020 of the Campbell Municipal Code provides that compensation for all appointed officers and employees of the City shall be fixed by Resolution; and
WHEREAS, California Public Employees' Retirement System (" CaIPERS") issued Circular Letter 200-050- 16 dated November 4, 2016, as a reminder to employers of the requirements for compensation earnable and publicly available salary schedules; and WHEREAS, all employers must comply with the compensation earnable and publicly available salary schedules provisions contained within California Government Code Section 20636( d) and California Code of Regulations 570. 5; and WHEREAS, it is necessary for the City Council to review and duly approve and adopt in accordance with requirements of applicable public meetings laws a publicly available salary schedule; and
WHEREAS, on June 20, 2023, the City Council concluded its yearly performance evaluation of Brian Loventhal (" City Manager"); and
WHEREAS, based on that evaluation, the City Council desires to approve an amendment to the Agreement that would provide for a four percent ( 4%) salary increase, retroactively applied to the first full pay period of July 2023; and WHEREAS, this increase is consistent with the negotiated cost-of-living adjustment given to all represented and unrepresented labor groups for Fiscal Year 2024, and maintains alignment with the compensation of city managers in other comparable agencies and with prevailing market trends; and
WHEREAS, the City Council further desires to amend the Agreement to provide for annual cost- of-living adjustments without the need for additional City Council approval; and
WHEREAS, California Government Code Section 3511. 2 sets forth regulations regarding executive compensation; and
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WHEREAS, it is within the City Council' s purview to approve language in an executive contract that allows for an automatic adjustment to the City Manager's compensation provided it does not exceed a cost-of-living adjustment; and WHEREAS, the City Council desires to amend the Agreement to provide for an annual cost-of-living adjustment pursuant to Government Code Section 3511. 2 and consistent with those provided to all unclassified management employees, as long as the adjustment does not exceed the California Consumer Price Index for Urban Wage Earners and Clerical Workers, as calculated by the Department of Industrial Relations; NOW, THEREFORE BE IT RESOLVED that the City Council hereby approves an amendment to the Agreement to adjust the salary of the City Manager to $ 348, 420. 80 per year to reflect a four percent (4%) salary increase, retroactively applied to the first full pay period of July 2023; and
BE IT FURTHER RESOLVED that the City Council hereby approves an amendment to the Agreement to provide for an annual cost-of-living adjustment consistent with that provided to unclassified management employees, so long as said adjustment does not exceed the California Consumer Price Index for Urban Wage Earners and Clerical Workers, as calculated by the Department of Industrial Relations; and BE IT FURTHER RESOLVED that the City Council hereby approves an amendment to the City's Annual Salary Schedule, as reflected in Exhibit A for the City Manager Classification.

PASSED AND ADOPTED this 5th day of September, 2023, by the following roll call vote:

AYES: Councilmembers: Lopez, Scozzola, Furtado, Landry, Bybee NOES: • Councilmembers: None
ABSENT: Councilmembers: None
APP VED:

Anne Bybee, Mayor
ATTEST:
l!
Andrea Sanders, t Clerk
Item 9.3
Tuesday, October 06, 2026 145 of 160

THIRD AMENDED AGREEMENT FOR CITY MANAGER SERVICES
WHEREAS, on or about November 2, 2016, the CITY OF CAMPBELL ( hereinafter referred to as " City") and BRIAN LOVENTHAL ( hereinafter referred to as " City Manager") entered into an agreement appointing him as City Manager effective December 5, 2016; and WHEREAS, City desires to continue to employ the services of City Manager; and WHEREAS, City Manager desires to accept continued employment as city manager for the City; and
WHEREAS, the City desires to provide certain benefits, establish certain conditions of employment, and to set working conditions of the City Manager; NOW, THEREFORE, for and in consideration of each other' s mutual promises, the undersigned parties agree as follows:

1. City Manager agrees to continue to perform the functions and duties of the City Manager of City as set forth in applicable State or local laws, ordinances, resolutions and policies, as well as such instructions and assignments as may be given to him by the Campbell City Council, until terminated, as provided by this Third Amend Agreement for City Manager Services ( hereinafter referred to as Third Amended Agreement").

2. During his employment, City Manager shall receive the following salary and benefits:
a. The City Manager shall earn an annual salary of $ 348, 420. 80 per year beginning the first full pay period in July 2023. This salary may be adjusted at any time by Resolution of the City Council. The City Council shall review the City Manager' s Compensation annually, at such time as the City Council reviews the City Manager' s performance pursuant to section 3 of this Third Amended Agreement. In addition, the City Manager shall receive an annual cost- of-living adjustment in an amount equal to that provided to City unclassified management employees by Resolution of the City Council, or equal to the California Consumer Price Index for Urban Wage Earners and Clerical Workers, as calculated by the Department of Industrial Relations, whichever is less;
b. In addition to the foregoing salary, the City Manager shall receive an automobile allowance of $ 225 per month to compensate him for the use of his personal vehicle for City business. In addition, the City Manager shall accrue vacation at the rate of 5. 85 hours per pay period; shall accrue sick leave in accordance with the sick leave accrual schedule for executive employees; and shall receive all other benefits normally and usually provided to City unclassified management employees as of June 28, 2021, unless specified herein or modified by Resolution of the City Council; provided, however that the City shall pay the full premium for any medical insurance coverage afforded for the City Manager and his family members;
c. In addition to the foregoing salary, the City will make, in equal proportionate amounts each pay period, an annual contribution of$ 5, 000 into an

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Campbell City CouncilOctober 6, 2026

Campbell City Council
October 6, 2026