Agenda packet — Chino City Council, February 3, 2026 (part 1 of 2)

Those persons wishing to speak on any item included on the agenda, or on any matter within the subject matter jurisdiction of the City Council, are invited fill out and submit to the City Clerk a “Request to Speak” form (name and address optional) which is available at the entrance to the Council Chambers. Additionally, members of the public may submit electronic public comments to [email protected] no later than 4:00 p.m. on the day of the meeting. In your email, please include the meeting date, agenda item you are commenting on, and your comment. All comments received by the deadline will be forwarded to the City Council for consideration before action is taken on the matter and will be entered into the record for the meeting specified in email received.

If you require a reasonable accommodation to participate in this meeting per your rights under the Americans with Disabilities Act or for any other reason, please contact the City Clerk ’s Office (909) 334-3306, at least 48 hours prior to the advertised starting time of the meeting.

Any documents produced by the City and distributed to a majority of the City Council regarding any item on this agenda will be made available in the City Clerk ’s Office during normal business hours at City Hall located at 13220 Central Avenue, Chino. In addition, such documents will be posted on the City’s website at www.cityofchino.org.

CHINO CITY COUNCIL

SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY

CITY HALL COUNCIL CHAMBERS
13220 CENTRAL AVENUE
CHINO, CA 91710
TUESDAY, FEBRUARY 3, 2026

REGULAR MEETING
AGENDA
CLOSED SESSION – 5:00 PM
OPEN SESSION – 6:00 PM
_________________________________________________________________________________

ROLL CALL
Mayor Eunice M. Ulloa, Mayor Pro Tem Curtis Burton, Council Member Karen C. Comstock, Council Member Christopher Flores, Council Member Marc Lucio.

CLOSED SESSION PUBLIC COMMENTS
This is the time and place for the general public to address the City Council about the closed session items. Ordinance No. 97-08 (Chino Municipal Code Section 2.04.090) limits speakers to no more than five (5) minutes in which to address the Council, except as provided under Government Code 54954.3(b)(2).

CLOSED SESSION

1. CONFERENCE WITH REAL PROPERTY NEGOTIATOR
Pursuant to Government Code 54956.8
Property: 15180 Euclid Avenue, Chino
Agency Negotiator: Linda Reich, City Manager or her designee Negotiating Parties: State of California
Under Negotiation: Price and Terms of Potential Acquisition 1 CHINO CITY COUNCIL
FEBRUARY 3, 2026 2

FLAG SALUTE

CEREMONIALS
Viper Athletics - Team Electric. - Recognition of Team Electric for earning an invite -only bid to the National All-Star Cheerleading Division II Summit Championship.

REPORT OUT OF CLOSED SESSION

AGENDA ADDITIONS/REVISIONS

PUBLIC ANNOUNCEMENTS
This is the time and place for the Mayor to inform the public of all upcoming events and past occurrences of communitywide interest and concern.

PUBLIC COMMENTS
This is the time and place for the general public to address the City Council about subjects that do not appear elsewhere on the agenda. Due to Council policy and Brown Act requirements, action will not be taken on any issues not on the Agenda. Ordinance No. 97-08 (Chino Municipal Code Section

2.04.090) limits speakers to no more than five (5) minutes in which to address Council, except as provided under Government Code 54954.3(b)(2). If more than three (3) persons seek to address the same agenda item or the same subject matter, the Mayor shall establish a maximum period of time not to exceed thirty (30) minutes.

CONSENT CALENDAR
At this time, members of the public may present testimony as to why an item should be removed from the Consent Calendar for separate discussion. Unless a member of the public or City Council requests that an item be removed from the Consent Calendar, all items will be acted upon as a whole and by one vote. Items placed on the Consent Calendar represent routine expenditures and/or actions that support ongoing City operations.

1. Warrants. Approve expenses as audited and within budget for warrants 7773817 to 7774038, and Electronic Fund Transfers 525687E to 525796E, totaling $7,571,741.65.

2. Minutes. Regular Meeting Minutes for January 20, 2026 (Mayor Ulloa Absent-Excused).

3. Elected City Officials’ Report Regarding Travel, Training, and Meetings. Receive and file the Elected City Officials’ Report reflecting City Council business related expenses incurred by the City.

4. Community Facilities District Annual Reporting for Fiscal Year Ending June 30, 2025. Receive and file the Community Facilities Districts Report pursuant to Senate Bill 165.

5. Annual Adoption of City of Chino and Successor Agency Investment Policy. Adopt City Resolution No. 2026 -010 and Successor Agency Resolution No. SA 2026 -001 containing the City of Chino and Successor Agency Statement of Investment Policy.

6. Development Impact Fees (DIF) Annual Report for Fiscal Year 2024 -25. Receive and file the DIF Annual Report for Fiscal Year 2024 -25, submitted in compliance with the recently enacted state legislation Assembly Bill 516 Mitigation Fee Act, which establishes transparency and reporting requirements for local agencies.

7. Final Map No. 20445 - Beazer Homes Holding, LLC. Approve Final Map No.20445, generally located south of Legacy Park Street, east of Main Street, and north of East Preserve Loop. 2 CHINO CITY COUNCIL
FEBRUARY 3, 2026 3

8. Public Improvement Agreement for sanitary sewer connection for the property located at 11667 Monte Vista Avenue within the City of Chino’s Sphere of Influence. Approve a Public Improvement Agreement for sanitary sewer service to the property located at 11667 Monte Vista Avenue, within the City of Chino’s Sphere of Influence; and authorize the City Manager to execute all necessary documents on behalf of the City.

9. Notice of Completion for Citywide Slurry & Pavement Improvements FY2025 Project (NC251) with Gentry Brothers, Inc. Accept Project NC251 with Gentry Brothers, Inc., Contract No. 2025-289 as complete; authorize the Public Works Director to file the Notice of Completion; and release retention funds following the 35-day lien period.

NEW BUSINESS

10. Administrative Fines for Truck Route Violations. Adopt Resolution No. 2026 -009 amending the City of Chino Administrative Fine schedule related to designated truck routes.

Staff Report By: Fred Galante, City Attorney
RECOMMENDATION: Adoption of Resolution No. 2026 -009 amending the City of Chino Administrative Fine schedule, specifically as it relates to commercial vehicles travelling off designated truck routes per CMC 10.44.025.

11. Funding Reconciliation for the Central Avenue / SR -60 Interchange Project (R7200). Approve a Budget Adjustment and Funding Reconciliation for the Central Avenue / SR-60 Interchange and Project (R7200).

Staff Report By: Sylvia Ramos, Contracts and DIF Administrator RECOMMENDATION: 1) Appropriate $62,942 from the General Fund (Fund 100) to support required landscape maintenance for the Central Avenue / SR -60 Interchange Project (R7200); 2) approve a transfer of $988,803 from the General Fund balance to reimburse the Citywide Circulation DIF (220) for expenditures of the prior fiscal year Police Department masonry block wall; 3) appropriate $988,803 from the Citywide Circulation DIF (Fund 220) to the Central Ave / SR Interchange Project (R7200) for a revised project budget of $19,471,129; and 4) authorize the City Manager to execute all the necessary documents on behalf of the City.

12. Amendment No. 6 - Cooperative Agreement between the City of Chino and San Bernardino County Transportation Authority (SBCTA) for the Central Avenue at State Route 60 Interchange Improvements Project (R7200) Approve Amendment No. 6 for $465,820, for the Cooperative Agreement between the City of Chino and SBCTA to address additional project close out costs.

Staff Report By: Michele Hindersinn, Senior Engineer
RECOMMENDATION: Approve Amendment No. 6 for $465,820, for the Cooperative Agreement between the City of Chino and SBCTA to address additional project close out costs; and authorize the City Manager to execute all necessary documents on behalf of the City.

13. Acceptance of Transportation Development Act (TDA) Article 3 Grant Award and Establishment of a New Capital Improvement Program (CIP) Project. Adopt Resolution No. 2026 -011 to accept the TDA Article 3 Grant Funding Fiscal Year 2025; establish grant number G7264; establish a new CIP project, ST262; appropriate $44,850 to ST262; and authorize Director of Public Works to execute all documents.

Staff Report By: Steven Galindo, Management Analyst
3 CHINO CITY COUNCIL
FEBRUARY 3, 2026 4
RECOMMENDATION: 1) Adopt Resolution No. 2026 -011 to accept the TDA Article 3 Grant Funding in the amount of $44,850 for Fiscal Year 2025 -26; 2) establish a grant number G7264 Safe Route to School Improvements and appropriate $44,850 to the TDA Article 3 Fund (321) grant number G7264, with a corresponding increase to the grant revenue; 3) establish project number ST262 - Benson Avenue Safe Routes to School Improvements and appropriate $20,150 of the available local Measure I Fund 322, for the local match; and 4) authorize the City Manager to execute all necessary documents on behalf of the City.

14. Personnel Recommendations in Response to City Council Direction from the October 22, 2025 Goals Workshop. Authorize the recruitment of 17 positions pending funding, adopt a resolution creating a Deputy Director position, and allocate $422,570 from various funds to fill eight positions for the remainder of FY 2025-26.

Staff Report By: Linda Reich, City Manager and Jackie Melendez, Assistant City Manager RECOMMENDATION: (1) Authorize the Human Resources Department to initiate recruitment for 17 positions, with the understanding that the positions will remain unfunded and unfilled until the City Council allocates funding through subsequent Council action; (2) adopt Resolution No. 2026-012, approving the establishment of the Deputy Director of Technology and Innovation job classification and approving the Amended and Restated Compensation and Benefits for Deputy Director Employees; and (3) appropriate $61,275 from the available FY 2025 -26 General Fund Budget Surplus and $361,275 from various other funds for a total amount of $422,570, to fund eight positions upon completion of recruitment for the remaining two months of FY 2025-26.

MAYOR AND COUNCIL REPORTS
This is the time and place for the Mayor and Council Members to report on prescheduled Council Committee Assignment Meetings that were held since the last Regular Council Meeting, and any other items of interest. Upon request by an individual Council Member, the City Council may choose to take action on any of the subject matters listed below.

Mayor Ulloa

15. Planning Commission Appointments. Approve Appointments to the Planning Commission.

Staff Report By: Mayor Eunice M. Ulloa
RECOMMENDATION: Approve the re -appointment of Kevin Cisneroz, Lissa Fraga, and Lawrence Vieira; and appointment of Annmarie Lemento to the Planning Commission.

Mayor Pro Tem Burton
Council Member Comstock
Council Member Flores
Council Member Lucio
City Manager's Report
City Attorney's Report
Director's Report
Police Chief's Report
Fire Chief's Report
4 CHINO CITY COUNCIL
FEBRUARY 3, 2026 5

ADJOURN
The next Regular Meeting of the City Council will be held on Tuesday, February 17, 2026 at 6:00 p.m. (Closed Session no earlier than 4:00 p.m. if necessary) in these Council Chambers.

I, Natalie Gonzaga, City Clerk of the City of Chino, hereby declare that on Friday, January 30, 2026 this agenda was posted on the south window of Chino City Hall and this agenda together with all of the agenda reports and related documents were posted on the City’s website at www.cityofchino.org by myself or under my direction.
_______________________________________
Natalie Gonzaga, City Clerk.
5 MEMORANDUM

CITY OF CHINO

ADMINISTRATION DEPARTMENT

CITY COUNCIL MEETING DATE: FEBRUARY 3, 2026

TO: MAYOR AND CITY COUNCIL MEMBERS, CITY OF CHINO
FROM: LINDA REICH, CITY MANAGER

SUBJECT
..titl e
Viper Athletics – Team Electric.
..end
..body

6 MEMORANDUM

CITY OF CHINO

FINANCE DEPARTMENT

CITY COUNCIL MEETING DATE: FEBRUARY 3, 2026

TO: LINDA REICH, CITY MANAGER
FROM: KIM SAO, DIRECTOR OF FINANCE

SUBJECT
..titl e
Warrants.
..end

RECOMMENDATION
Approve expenses as audited and within budget for warrants 7773817 to 7774038 , and Electronic Fund Transfers 525687E to 525796E, totaling $7,571,741.65. ..body

FISCAL IMPACT
Sufficient funds have been included in the Fiscal Year 25-26 Adopted Budget.

CITY OF CHINO MISSION / VISION / VALUES / STRATEGIC ISSUES The recommendation detailed above further the City’s values and strategic issues that serve as key pillars on which identified priorities, goals, and action plans are built, by fostering:
 Financial Stability

Revenue:

Expenditure:
7 CITY COUNCIL MEETING DATE: FEBRUARY 3, 2026
TITLE: WARRANTS.

PAGE: 2

BACKGROUND
As prescribed by Government Code Sections 37202 and 37208, the following demand registers are herewith submitted for Council ratification:

NO. WARRANTS CHECK DATE FY AMOUNT

1. 7773817 – 7773818 12/19/25 25-26 $8,153.14

2. 7773819 – 7773898 01/08/26 25-26 $1,201,145.73

3. 7773899 – 7774038 01/15/26 25-26 $597,940.02

4. 525687E – 525735E 01/09/26 25-26 $1,740,748.97

5. 525737E – 525796E 01/16/26 25-26 $4,023,753.79

TOTAL $7,571,741.65

ISSUES/ANALYSIS
See attached exhibit for detailed information on warrants exceeding $50,000.

Attachment

8 CITY OF CHINO
A/P Warrant Register Over $50,000

Check Date Check
Number Vendor Name Description Amount
01/08/2026 7773835 DLJ DEVELOPMENT APOC BATTING CAGES EQUIPMENT $173,908.69 7773886 SO CAL EDISON CO SERVICE PERIOD: 11/18-12/17 $242,424.99 7773897 WASTE MANAGEMENT COLLECTION SERVICES $581,310.15 01/09/2026 525702

CHINO VALLEY INDEPENDENT FIRE
DISTRICT FIRE PROTECTION SERVICES $1,479,549.00
525731 US ARMY CORP OF ENGINEERS ADMINISTRATIVE COSTS FOR EASEMENT $50,000.00 525732

US BANK CORPORATE PAYMENT
SYSTEM P-CARD PAYMENT $63,172.38 01/15/2026 7773917 BIGGS CARDOSA ASSOCIATES, INC. EUCLID BRIDGE DESIGN SERVICES $56,113.00 7773957 ELECTRA-MEDIA, INC MS263 ECONOMIC DEV-CHINO FORD $144,096.00 01/16/2026 525749 CHINO BASIN DESALTER AUTHORITY WATER PURCHASES $1,689,008.00 525769 INLAND EMPIRE UTILITIES AGENCY NON-RECLAIMABLE WASTEWATER $1,754,212.52 525783 SIDEPATH INC

CENTSVCS-SIDEPATH-HARDWARE
MAINTENANCE $193,291.43
525796 YUNEX LLC

STREETLIGHT PREVENTATIVE
MAINTENANCE $112,790.69

TOTAL $6,539,876.85

9 MEMORANDUM

CITY OF CHINO

ADMINISTRATION DEPARTMENT

CITY COUNCIL MEETING DATE: FEBRUARY 3, 2026

TO: LINDA REICH, CITY MANAGER
FROM: NATALIE GONZAGA, CITY CLERK

SUBJECT
..titl e
Minutes.
..end
..body

10 CHINO CITY COUNCIL

SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY

REGULAR MEETING - CITY HALL COUNCIL CHAMBERS
13220 CENTRAL AVENUE
CHINO, CA 91710
TUESDAY, JANUARY 20, 2026

MINUTES
OPEN SESSION – 6:00 PM
_________________________________________________________________________________

CALL TO ORDER
The January 20, 2026, Regular Meeting of the Chino City Council / Successor Agency to the Redevelopment Agency was called to order at 6:01 pm by Mayor Pro Tem Curtis Burton in the Council Chambers.

ROLL CALL
PRESENT: Mayor Pro Tem Curtis Burton, Council Member Karen C. Comstock, Council Member Christopher Flores, and Council Member Marc Lucio ABSENT: Mayor Eunice M. Ulloa

FLAG SALUTE
Girl Scout Troop 5181 led the Pledge of Allegiance.

CEREMONIALS
Business of the Month - Award of Business of the Month for January 2026 to:
- Vertical IT Solutions
- Kenwoods Kitchen & Tap
The Business of the Month for January 2026 was presented to Vertical IT Solutions. The award was accepted by CEO Kody Bakos, and owner Steven Sedory.

The next Business of the Month for January 2026 was presented to Kenwoods Kitchen & Tap.

The award was accepted by General Manager Matt Meraz.

Mayor’s Home Beautification Award - Award of Mayor’s Home Beautification Award for January 2026.

The Mayor's Home Beautification Award was not presented. The recipient was not present.

AGENDA ADDITIONS/REVISIONS
City Manager Linda Reich reported there were no additions or revisions to the agenda. 11 CHINO CITY COUNCIL
JANUARY 20, 2026 2

INFORMATION
External Agency Report for January 20, 2026. Receive and file the External Agency Report for January 20, 2026 (Covering Meetings from November 1 - November 30, 2025).

Mayor Pro Tem Burton announced the External Agency Report was included in the agenda packet.

City Council 2027 Goals Workshop: Meeting Summary. Receive and file the City Council 2027 Goal Setting Workshop: Meeting Summary.

Mayor Pro Tem Burton announced the City Council Goals Workshop Meeting Summary was included in the agenda packet.

PUBLIC ANNOUNCEMENTS
Mayor Pro Tem Burton announced the upcoming Lunar New Year Celebration, Euclid Avenue Bridge Project meetings, and the Run for Russ Memorial 5K.

PUBLIC COMMENTS
Chaplain Ernesto Garcia, Chino Valley Fire District, gave the invocation.

Zeb Welborn, President, Chino Valley Chamber of Commerce, provided an update on activities and events.

Maureen Moe Mendoza, submitted three written requests, which were saved to the meeting record. She spoke regarding an Animal Resource Center of the Inland Empire (ARC) dog biting incident and ARC operations.

Donna Marchesi, spoke regarding ARC volunteering and donation opportunities, requested ARC activity reports, meeting recordings, and spoke regarding trash and recycling concerns.

CONSENT CALENDAR
Maureen Moe Mendoza, spoke regarding Consent Calendar Item 6 to recommend revisions to Ordinance No. 2025-010.

City Manager Reich explained Ordinance No. 2025 -010 proposes minor terminology updates and recommended the ordinance to be approved as presented. She confirmed the Animal Resource Center of the Inland Empire (ARC) member agencies will coordinate a comprehensive uniform update to be presented at a future date.

1. Warrants. Approve expenses as audited and within budget for warrants 7773473 to 7773816, and Electronic Fund Transfers 525507E to 525686E, totaling $9,162,049.03

2. Minutes. Regular Meeting Minutes for December 16, 2025 (Council Member Lucio Absent-Excused).

4. Action Minutes. Adopt Resolution 2026 -008, approving the transition to the use of Action Minutes format for all meetings of the Chino City Council / Successor Agency to the Redevelopment Agency / Chino Public Financing Authority and Commissions. 12 CHINO CITY COUNCIL
JANUARY 20, 2026 3

5. Government Relations Update for January 20, 2026. Receive and file the January 20 2026, Government Relations Update.

6. Adoption of Ordinance No. 2025 -010 (Second Reading ), amending provisions of Chapters

6.04, 6.08, 6.12, 6.16 and 6.20 of the Chino Municipal Code. Approve the adoption of Ordinance No. 2025 -010, amending Chapters 6.04, 6.08, 6.12, 6.16 and 6.20 of the Chino Municipal Code Related to the City's Animal Services Provider.

7. Award of Contract - SC/NAC/CB -Install Transfer Switch Project (IB208). Award a construction contact in the amount of $362,171 to Baker Electric & Renewables LLC, Escondido, CA for the Senior Center, Neighborhood Activity Center, and Community Building SC/NAC/CB -Install Transfer Switch Project (IB208).

8. Adjustments in Compensation for Affected Employees of the City of Chino. Adopt Resolution Nos. 2026 -001, 2026 -003, and 2026 -004, approving Compensation and Benefit Plan for 1) Unrepresented Management; 2) Part -Time Employees; and 3) Amendments to Classification and Compensation Schedules.

9. Memorandum of Understanding Between the City of Chino and the American Federation of State, County and Municipal Employees (AFSCME). Adopt Resolution No. 2026 -005, approving the AFSCME Memorandum of Understanding and Resolution No. 2026 -002, approving Classification Plans and Compensation Schedules for AFSCME.

10. Notice of Completion for the Traffic Signal Installation - Eucalyptus Avenue at Fern Avenue Project (TR240) with Elecnor Belco Electric, Inc. Accept Contract No. 2024-263 to Elecnor Belco Electric as complete for Project TR240; authorize the Director of Public Works to file the Notice of Completion on behalf of the City; authorize the release of retention funds following the 35-day lien period.

11. Final Acceptance of Public Improvements for Administrative Approval PL19 -0101, Pad 6, Located on the south side of Schaefer Avenue Between Fern Avenue and Euclid Avenue, within the Stater Bros. Plaza. Accept Public Improvements as complete for Administrative Approval PL19 -0101 Pad 6, located on the south side of Schaefer Avenue between Fern Avenue and Euclid Avenue, within the Stater Bros. Plaza.

Motion by Council Member Flores, seconded by Council Member Comstock, to approve the Consent Calendar items 1-11 as presented. The motion carried by the following vote:

AYES: BURTON, COMSTOCK, FLORES, AND LUCIO
NOES: NONE.

ABSENT: ULLOA

NEW BUSINESS

12. Business License Tax Study and Recommendation. City Council review of the Business License Tax Study Recommendations.

Staff Report By: Kim Sao, Director of Finance
RECOMMENDATION: Staff recommends that the City Council review the Business License Tax Study and offer direction regarding whether to focus on the Single Gross Receipts Model or the Variable Gross Receipts Model for modernizing the City’s business license tax structure.

Based on Council’s input, staff will explore the feasibility of including the Business License Tax on the November 2026 General Municipal Election ballot.

City Manager Reich provided an introduction. Kim Sao, Director of Finance and Eric Myers, 13 CHINO CITY COUNCIL
JANUARY 20, 2026 4
HdL Companies, provided a presentation.

Stubbie Barr, provided a public comment regarding the business license tax and raised caution regarding raising the tax rate to do business in Chino. He recommended PowerPoint presentations be improved for public viewing.

The City Council held a discussion and agreed with focusing on the variable gross receipts model as recommended by staff.

Motion by Council Member Lucio, seconded by Council Member Flores, to focus on the Variable Gross Receipts Model for modernizing the City's business license tax structure.

Based on Council's input, staff will explore the feasibility of including the Business License Tax on the November 2026 General Municipal Election ballot. The motion carried by the following vote:

AYES: BURTON, COMSTOCK, FLORES, AND LUCIO
NOES: NONE.

ABSENT: ULLOA

13. Declaration of Intention to Establish Community Facilities District 2026 -1 (The Meadows).

Declaration of Intention to Establish Community Facilities District 2026 -1 (The Meadows), and Improvement Area Nos. 1, 2 and 3 therein, and incur Bonded Indebtedness for the Community Facilities District on behalf of each Improvement Area.

Staff Report By: Kim Sao, Director of Finance
RECOMMENDATION: 1) Adopt Resolution No. 2026 -006, declaring the City of Chino’s intention to establish Community Facilities District No. 2026-1 and Improvement Area Nos. 1, 2 and 3 therein; 2) adopt Resolution No. 2026-007 declaring the City of Chino’s Intention to Incur Bonded Indebtedness for the proposed Community Facilities District No. 2026 -1 and Improvement Area Nos. 1, 2 and 3 therein; and 3) authorize the City Manager to execute all necessary documents on behalf of the City.

Kim Sao, Director of Finance, provided an introduction on the item. Bradley Neal, Stradling Yocca Carlson & Rauth LLP, provided a presentation.

Motion by Council Member Lucio, seconded by Council Member Comstock, to 1) Adopt Resolution No. 2026-006, declaring the City of Chino's intention to establish Community Facilities District No. 2026 -1 and Improvement Area Nos. 1, 2 and 3 therein; 2) adopt Resolution No. 2026 -007 declaring the City of Chino's Intention to Incur Bonded Indebtedness for the proposed Community Facilities District No. 2026 -1 and Improvement Area Nos. 1, 2 and 3 therein; and 3) authorize the City Manager to execute all necessary documents on behalf of the City. The motion carried by the following vote:

AYES: BURTON, COMSTOCK, FLORES, AND LUCIO
NOES: NONE.

ABSENT: ULLOA
14 CHINO CITY COUNCIL
JANUARY 20, 2026 5

14. Ordinance No. 2026-001 - Chapter 8.12 Fireworks. Approve the Introduction of Ordinance No. 2026-001, Amending Chapter 8.12 of the Chino Municipal Code Pertaining to Fireworks.

Staff Report By: Silvia Avalos, Director of Community Services, Parks & Recreation and Lisa Conlon, Revenue Manager
RECOMMENDATION: Approve the Introduction of Ordinance No. 2026 -001, to be read by number and title only, waiving further reading of the Ordinance, amending Chapter 8.12 of the Chino Municipal Code (CMC) pertaining to fireworks.

Silvia Avalos, Director of Community Services, Parks & Recreation, and Lisa Conlon, Revenue Manager, provided a presentation.

Troy Stevens, Gavin R. Stevens Foundation, spoke in opposition of the item.

Stubbie Barr, spoke in support of the Gavin R. Stevens Foundation, and addressed the regulatory fee reference.

The City Council held a discussion regarding the item. An amendment to the motion was proposed to allow the Gavin R. Stevens Foundation to operate its fireworks booth for one additional year. This extension is requested because the foundation would otherwise be disqualified under the proposed ordinance update, which removes the Community Services, Parks and Recreation Commissions ability to allow exemptions to organizations that use the funding to directly support programs not benefiting the City of Chino.

City Attorney Galante read the Ordinance by number and title only, waiving further reading of the ordinance:

ORDINANCE 2026 -001 - AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CHINO, CALIFORNIA, AMENDING CHAPTER 8.12 (FIREWORKS) OF THE CHINO

MUNICIPAL CODE
Motion by Council Member Lucio, seconded by Council Member Flores, to Approve the Introduction of Ordinance No. 2026 -001, to be read by number and title only, waiving further reading of the Ordinance, amending Chapter 8.12 of the Chino Municipal Code (CMC) pertaining to fireworks, including providing a 1 year extension to the Gavin Stevens Foundation. The motion carried by the following vote:

AYES: COMSTOCK, FLORES, AND LUCIO
NOES: BURTON
ABSENT: ULLOA

15. Award of Contract -Youth Museum Interior Improvements Project Design (PF261). Award a Professional Services Agreement in the amount of $146,698 to Hammel, Green and Abrahamson, Inc. (HGA), Santa Monica, CA for design services for the Youth Museum Interior Improvements Project (PF261).

Staff Report By: Jeff Benson, Parks and Facilities Manager RECOMMENDATION: 1) Award a Professional Services Agreement in the amount of $146,698 to Hammel, Green and Abrahamson, Inc. (HGA ), Santa Monica, CA for design services for the Youth Museum Interior Improvements Project (PF261); 2) authorize expenditures of up to $14,670 for project contingencies for a not-to-exceed potential contract amount of $161,368; 3) appropriate $61,368 to the Building Management Fund; and 4) authorize the City Manager to execute the necessary documents on behalf of the City.
15 CHINO CITY COUNCIL
JANUARY 20, 2026 6
Jeff Benson, Parks and Facilities Manager, and Silvia Avalos, Director of Community Services, Parks & Recreation provided a presentation.

Motion by Council Member Flores, seconded by Council Member Comstock, to 1) Award a Professional Services Agreement in the amount of $146,698 to Hammel, Green and Abrahamson, Inc. (HGA ), Santa Monica, CA for design services for the Youth Museum Interior Improvements Project (PF261); 2) authorize expenditures of up to $14,670 for project contingencies for a not -to-exceed potential contract amount of $161,368; 3) appropriate $61,368 to the Building Management Fund; and 4) authorize the City Manager to execute the necessary documents on behalf of the City. The motion carried by the following vote:

AYES: BURTON, COMSTOCK, FLORES, AND LUCIO
NOES: NONE.

ABSENT: ULLOA

16. Professional Services Agreements - Raftelis Financial Consultants, Inc. Award Professional Services Agreements with Raftelis Financial Consultants, Inc. for Domestic Water, Recycled Water, Sewer, and Storm Drain Utility Rate Studies.

Staff Report By: Sylvia Ramos, Contracts and DIF Administrator RECOMMENDATION: 1) Approve a Professional Services Agreement with Raftelis Financial Consultants, Inc., a North Carolina corporation, for a Domestic Water, Recycled Water, and Sewer Rate Study in an amount not to exceed $95,755; 2) appropriate $52,347.50 to the Sewer Fund (Fund 530); 3) approve a Professional Services Agreement with Raftelis Financial Consultants, Inc., a North Carolina corporation, for a Storm Drain Utility Rate Study in an amount not to exceed $153,421; 4) appropriate $153,421 to the Storm Drain Fund (Fund 540); and 5) authorize the City Manager to execute all necessary documents on behalf of the City.

Sylvia Ramos, Contracts and DIF Administrator, and Hye Jin Lee, Director of Public Works, provided a presentation.

Motion by Council Member Lucio, seconded by Council Member Comstock, to 1) Approve a Professional Services Agreement with Raftelis Financial Consultants, Inc., a North Carolina corporation, for a Domestic Water, Recycled Water, and Sewer Rate Study in an amount not to exceed $95,755; 2) appropriate $52,347.50 to the Sewer Fund (Fund 530 ); 3) approve a Professional Services Agreement with Raftelis Financial Consultants, Inc., a North Carolina corporation, for a Storm Drain Utility Rate Study in an amount not to exceed $153,421; 4) appropriate $153,421 to the Storm Drain Fund (Fund 540); and 5) authorize the City Manager to execute all necessary documents on behalf of the City. The motion carried by the following vote:

AYES: BURTON, COMSTOCK, FLORES, AND LUCIO
NOES: NONE.

ABSENT: ULLOA
16 CHINO CITY COUNCIL
JANUARY 20, 2026 7

MAYOR AND COUNCIL REPORTS
Mayor Ulloa
Mayor Ulloa had an excused absence.

Mayor Pro Tem Burton

17. Community Support Fund - Mayor Pro Tem Burton. Approve community support fund contribution to the Chino Police Officers Foundation.

Staff Report By: Mayor Pro Tem Burton
RECOMMENDATION: Approve community support fund contribution of $500 Chino Police Officers Foundation ($250 Run for Russ/$250 Baker to Vegas).

Motion by Council Member Flores, seconded by Council Member Comstock, to Approve community support fund contribution of $500 Chino Police Officers Foundation ($250 Run for Russ/$250 Baker to Vegas). The motion carried by the following vote:

AYES: BURTON, COMSTOCK, FLORES, AND LUCIO
NOES: NONE.

ABSENT: ULLOA
Mayor Pro Tem Burton had no report, noting he will provide a written report to the City Clerk.

Council Member Comstock
No report.

Council Member Flores
No report.

Council Member Lucio
No report.

City Manager's Report
City Manager Reich had no report.

City Attorney's Report
City Attorney Galante had no report.

Director's Report
There was no Director's report.

Police Chief's Report
Police Chief Mensen thanked Mayor Pro Tem Burton for his donation to the Chino Police 17 CHINO CITY COUNCIL
JANUARY 20, 2026 8
Officer's Foundation.

Fire Chief's Report
Fire Chief Dave Williams reported the appellate court reversed the ruling on the injunction for ambulances.

ADJOURN
The meeting adjourned at 8:25 p.m. The next Regular Meeting of the City Council will be held on Tuesday, February 3, 2026 at 6:00 p.m. (Closed Session no earlier than 4:00 p.m. if necessary) in these Council Chambers.

APPROVED AND ADOPTED THIS 3RD DAY OF FEBRUARY 2026.
________________________________

CURTIS BURTON, MAYOR PRO TEM
ATTEST:
________________________________

NATALIE GONZAGA, CITY CLERK
**************************************************
(These minutes are not official until signed.)
18 MEMORANDUM

CITY OF CHINO

ADMINISTRATION DEPARTMENT

CITY COUNCIL MEETING DATE: FEBRUARY 3, 2026

TO: LINDA REICH, CITY MANAGER
FROM: NATALIE GONZAGA, CITY CLERK

SUBJECT
..titl e
Elected City Officials’ Report Regarding Travel, Training, and Meetings.

..end

RECOMMENDATION
Receive and file the Elected City Officials’ Report reflecting City Council business related expenses incurred by the City.

..body

FISCAL IMPACT
Sufficient funding is available in the adopted Fiscal Year 2025-26 Operating Budget.

CITY OF CHINO MISSION / VISION / VALUES / STRATEGIC ISSUES The recommendation detailed above furthers the City’s values and strategic issues that serve as key pillars on which identified priorities, goals, and action plans are built, by fostering:

 Superior Customer Service
 Responsible Long-Range Planning
 Exemplary Leadership
 Public Service Excellence through Internal and External Partnerships

Revenue:

Expenditure: 1002000-43320
Transfer In: Transfer Out:
19 CITY COUNCIL MEETING DATE: FEBRUARY 3, 2026
TITLE: ELECTED CITY OFFICIALS’ REPORT REGARDING TRAVEL, TRAINING, AND MEETINGS.

PAGE: 2

BACKGROUND
In accordance with Government Code Sections 53232.2 and 53232.3, implementing Assembly Bill (AB) 1234 on January 1, 2006, the City adopted Resolution No. 2005 -093 establishing a Business-Related Expense Policy. On December 6, 2016, the City approved Resolution No. 2016-075 adopting the latest revisions to this policy. In addition to requiring local agenci es to adopt a business-related expense policy, AB 1234 requires that Elected Officials provide a brief report on meetings attended at the expense of the local agency at the next regular meeting of the legislative body.

ISSUES/ANALYSIS
In response to AB 1234, a report regarding Elected City Officials’ Travel, Training, and Meetings (Exhibit A) was created and is placed on the City Council Agenda Consent Calendar, as needed. The documents that pertain to the items listed on Exhibit A are available for publi c inspection at the City Clerk’s office located in City Hall at 13220 Central Avenue, Chino, CA.

Attachment – Exhibit A

20 2/3/2026 City Council Meeting

Event Date Meeting Purpose
and Subject
Matter
Location City Official
Attendees
January 21-23, 2026 League of California
Cities – Mayor and
Council Member
Academy
Sacramento, CA Mayor Pro Tem
Burton
January 29, 2026 League of California
Cities – Inland
Empire Division
Luncheon
Grand Terrace, CA Mayor Pro Tem
Burton
Council Member
Comstock

21 MEMORANDUM

CITY OF CHINO

FINANCE DEPARTMENT

CITY COUNCIL MEETING DATE: FEBRUARY 3, 2026

TO: LINDA REICH, CITY MANAGER
FROM: KIM SAO, DIRECTOR OF FINANCE

SUBJECT
..titl e
Community Facilities District Annual Reporting for Fiscal Year Ending June 30, 2025. ..end

RECOMMENDATION
Receive and file the Community Facilities Districts Report pursuant to Senate Bill 165. ..body

FISCAL IMPACT
There is no fiscal impact to the City.

Revenue: Click or tap here to enter text.

Expenditure:

Transfer In: Click or tap here to enter text. Transfer Out: Click or tap here to enter text. 22 CITY COUNCIL MEETING DATE: FEBRUARY 3, 2026
TITLE: COMMUNITY FACILITIES DISTRICT ANNUAL REPORTING FOR FISCAL YEAR ENDING JUNE 30, 2025.

PAGE: 2

BACKGROUND
Senate Bill 165 enacted the Local Agency Special Tax and Bond Accountability Act. This Act requires that any local special tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the special tax, requires that the proceeds of the special tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires that an annual report containing specified information concerning the use of the proceeds be prepared. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Section 53410 of the California G overnment Code.

Most of the requirements of the Act are handled at the formation (bond issuance) of the Community Facilities District and some are handled through annual reports.

ISSUES/ANALYSIS
Section 53411 of the California Government Code govern s annual reporting requirements. It provides that the chief fiscal officer of the issuing local agency must file a report with the governing body no later than January 1 and at least once each year thereafter. The annual report must include:
a) The amount of funds collected and expended, and
b) The status of any project required or authorized to be funded as identified in subdivision (a) of Section 53410.

Since January 1, 2001, the City has issued multiple Community Facilities District bonds as outlined in the at tached report. These special tax bond issues are subject to Senate Bill 165 requirements.

To comply with Section 53411, the annual report for the fiscal year ending June 30, 2025, has been prepared by the City’s special district consultant, Webb Municipal Finance, LLC. Additional information regarding CFD boundaries, outstanding balances, or project status is available upon request from the City of Chino Finance Department.

Attachments – Annual Report

23 Senate Bill 165
Report for Calendar Year 2025
City of Chino

Prepared For
December 2025
24 Table of Contents

City of Chino Senate Bill 165 Report for Calendar Year 2025 Sections
Section 1. Community Facilities District No. 2001-1 ________________________________ 2 Section 2. Community Facilities District No. 2003-1 ________________________________ 2 Section 3. Community Facilities District No. 2003-2 ________________________________ 4 Section 4. Community Facilities District No. 2003-3 Improvement Area 1 _______________ 6 Section 5. Community Facilities District No. 2003-3 Improvement Area 2 _______________ 8 Section 6. Community Facilities District No. 2003-3 Improvement Area 5 ______________ 10 Section 7. Community Facilities District No. 2003-3 Improvement Area 6 ______________ 11 Section 8. Community Facilities District No. 2003-3 Improvement Area 7 ______________ 13 Section 9. Community Facilities District No. 2003-3 Improvement Area 8 ______________ 15 Section 10. Community Facilities District No. 2003-3 Improvement Area 9 ______________ 17 Section 11. Community Facilities District No. 2003-3 Improvement Area 10 _____________ 19 Section 11. Community Facilities District No. 2003-4 _______________________________ 21 Section 12. Community Facilities District No. 2005-1 Improvement Area 1 ______________ 23 Section 13. Community Facilities District No. 2005-1 Improvement Area 2 ______________ 25 Section 14. Community Facilities District No. 2005-1 Improvement Area 3 ______________ 27 Section 15. Community Facilities District No. 2005-1 Improvement Area 4 ______________ 29 Section 16. Community Facilities District No. 2005-2 _______________________________ 31 Section 17. Community Facilities District No. 2006-1 _______________________________ 33 Section 18. Community Facilities District No. 2006-2 _______________________________ 35 Section 19. Community Facilities District No. 2006-3 _______________________________ 37 Section 20. Community Facilities District No. 2009-1 _______________________________ 39 Section 21. Community Facilities District No. 2016-1 _______________________________ 41 Section 22. Community Facilities District No. 2016-2 _______________________________ 43 Section 23. Community Facilities District No. 2019-1 _______________________________ 45 Section 24. Community Facilities District No. 2020-1 _______________________________ 47 Section 25. Community Facilities District No. 2021-1 _______________________________ 48 Section 26. Community Facilities District No. 2022-1 _______________________________ 50 Section 27. Community Facilities District No. 2023-1 _______________________________ 51

25 1. Community Facilities District No. 2001-1 ____________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 Community Facilities District No. 2001-1
2021 Special Tax Refunding Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). Th e Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Some of the requirements of the Act are handled at the formation (bond issuance) of the Special Tax District and others are handled through annual reports. This section of the report intends to comply with Sections 50075.3 and 53411 of the California Government Code which states:

The Chief Fiscal Officer of the issuing local agency shall file a report with its governing body no later than January 1, after the bonds have been issued and at least once a year thereafter. The annual report shall contain all of the following:
a. The amount of funds collected and expended.

Fiscal Year 2024-25 Revenues (1)

Special Taxes Levied $184,291
Less: Delinquency as of 6/30/2025 ($1,435)
Total Special Taxes Received $182,856

2025 Expenditures (2)

Bond Interest – 3/1/2025 $14,848
Bond Interest – 9/1/2025 $14,848
Bond Principal – 9/1/2025 $155,000
Administrative Expenses (3) $5,287
Surplus Fund Credit ($5,692)
Total Expenditures $184,291
City Held Fund Balance 6/30/2025 $218,936
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest and Administrative Expenses. (2) Due to available surplus funds, amount enrolled was less than projected expenditures. (3) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 68.9 acres of land, including approximately 65.2 taxable acres, located in the southwestern portion of the City of Chino. The area is located north of Bickmore Avenue, west of Fern Avenue, and south of Kimball Avenue.

The District was formed to construct certain storm drainage, sewer and water lines, streetlights, traffic lights, signage, curbs and gutters, sidewalks, and landscaping along certain avenues.

This District is one of the six Local Obligations of the City of Chino Public Financing Authority (PFA) Refunding Bonds, Series of 2021A. The City of Chino PFA Marks-Roos Revenue Pool is also comprised of Community Facilities District Nos. 2003 -1, 2003 -2, 2003- 3 IA 1, 2003- 4 and 2009 -1; please see separate reports for information regarding these Districts.
26 1. Community Facilities District No. 2001-1 ____________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 1

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount Deposited
to Improvement Fund (1)
Amount
Expended
June 30, 2025
Balance Project Status
CFD No. 2001-1 $2,657,753.59 $2,657,753.59 $0.00 Completed (1) Included Series 2002 initial deposit.

Improvements have been completed in the District. The Improvement fund has been closed.

27 2. Community Facilities District No. 2003-1 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 2

Community Facilities District No. 2003-1
2021 Special Tax Refunding Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). The Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 53.70 acres of land, including approximately 40.20 taxable acres, and is located north of Schaefer Ave, east of Cypress Ave, south of Chino Ave, and west of San Antonio Ave.

This District is one of the six Local Obligations of the City of Chino Public Financing Authority (PFA) Refunding Bonds, Series of 2021A. The City of Chino PFA Marks−Roos Revenue Pool is also comprised of Community Facilities District Nos. 2001−1, 2003−2, 2003−3 IA 1, 2003−4 and 2009−1; please see separate reports for information regarding these Districts.

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $448,330
Less: Delinquency as of 6/30/2025 ($2,019)
Total Special Taxes Received $446,311

2025 Expenditures (2)
Bond Interest – 3/1/2025 $42,432
Bond Interest – 9/1/2025 $42,432
Bond Principal – 9/1/2025 $370,000
Administrative Expenses (3) $10,990
Surplus Fund Credit ($17,524)
Total Expenditures $448,330

City Held Fund Balance 6/30/2025 $568,352
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest, and Administrative Expenses. (2) Due to available surplus funds, amount enrolled was less than projected expenditures. (3) Amount allocated to Administrative Expenses and may not have been expended in its entirety. 28 2. Community Facilities District No. 2003-1 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 3

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount Deposited
to Improvement Fund
Amount
Expended
June 30, 2025
Balance Project Status
CFD No. 2003-1 $6,412,889.00 $6,412,889.00 $0.00 Completed (1) Includes Series 2004 initial deposit.

Improvements have been completed in the District. The Improvement Fund has been closed.

29 3. Community Facilities District No. 2003-2 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 4

Community Facilities District No. 2003-2
2021 Special Tax Refunding Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). The Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $413,052
Less: Delinquency as of 6/30/2025 ($3,871)
Total Special Taxes Received $409,181

2025 Expenditures (2)
Bond Interest – 3/1/2025 $38,699
Bond Interest – 9/1/2025 $38,699
Bond Principal – 9/1/2025 $340,000
Administrative Expenses (3) $11,766
Surplus Fund Credit ($16,113)
Total Expenditures $413,051

City Held Fund Balance 6/30/2025 $524,985
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest, and Administrative Expenses. (2) Due to available surplus funds, amount enrolled was less than projected expenditures. (3) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 38 acres of land located in the City of Chino, immediately south of Chino Avenue, between Fern Avenue on the west and Euclid Avenue on the east.

The District was formed to finance curbs, gutters, sidewalks, streetlights, traffic signal, street signs, grading, adjustment of structural sections, adjustment of manholes, access ramps, fire hydrants, and parkway landscaping, including irrigation.

This District is one of the six Local Obligations of the City of Chino Public Financing Authority (PFA) Refunding Bonds, Series of 2021A. The City of Chino PFA Marks−Roos Revenue Pool is also comprised of Community Facilities District Nos. 2001−1, 2003−1, 2003−3 IA 1, 2003−4 and 2009−1; please see separate reports for information regarding these Districts.
30 3. Community Facilities District No. 2003-2 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 5

The following table shows the Initial Amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount Deposited
to Improvement Fund (1)
Amount
Expended
June 30, 2025
Balance Project Status
CFD No. 2003-2 $6,082,783.00 $6,082,783.00 $0.00 Completed (1) Includes Series 2004 initial deposit.

Improvements have been completed in the District. The Improvement Fund has been closed.

31 4. Community Facilities District No. 2003-3 Improvement Area 1 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 6

Community Facilities District No. 2003-3 Improvement Area 1 2021 Special Tax Refunding Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). The Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Facilities:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $2,191,226
Less: Delinquency as of 6/30/2025 ($15,233)
Total Special Taxes Received $2,175,993

2025 Expenditures
Bond Interest – 3/1/2025 $151,031
Bond Interest – 9/1/2025 $151,031
Bond Principal – 9/1/2025 $1,135,000
Administrative Expenses (2) $24,860
Total Expenditures $1,461,922

City Held Fund Balance 6/30/2025 $2,117,488
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest, Administrative Expenses, and Developer Reimbursement (upon request).
(2) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Services:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $265,785
Less: Delinquency as of 6/30/2025 ($1,846)
Total Special Taxes Received $263,939

2025 Expenditures
Services $265,785
Administration $0
Total Expenditures $265,785
___________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services. 32 4. Community Facilities District No. 2003-3 Improvement Area 1 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 7

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 143.11 acres of land located in the City, along the south side of Kimball Avenue between Euclid Avenue and Hellman Avenue.

The District was formed to construct certain grading, streets and traffic signals, landscaping, reclaimed water facilities, sewer improvements, water facilities, storm drainage, park improvements, dry utilities, community amenities, and fire facilities. The funds allocated from the services portion of the CFD will cover maintenance of parks, parkways and open space, flood and storm protection services the operation of storm drainage systems, and public safety services.

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount Deposited
to Improvement Fund (1) Amount Expended
June 30, 2025
Balance Project Status
CFD No. 2003-3 IA 1 $20,231,459.00 $20,231,459.00 $0.00 Completed (1) Includes Series 2004 initial deposit.

Improvements have been completed in the District. The Improvement Fund has been closed.

33 5. Community Facilities District No. 2003-3 Improvement Area 2 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 8

Community Facilities District No. 2003-3 Improvement Area 2 2015 Special Tax Refunding Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). The Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Facilities:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $1,852,608
Less: Delinquency as of 6/30/2025 ($11,638)
Total Special Taxes Received $1,840,970

2025 Expenditures
Bond Interest – 3/1/2025 $304,625
Bond Interest – 9/1/2025 $304,625
Bond Principal – 9/1/2025 $855,000
Administrative Expenses (2) $18,253
Total Expenditures $1,482,503

City Held Fund Balance 6/30/25 $1,590,771
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest, Administrative Expenses, and Developer Reimbursement (upon request).
(2) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Services:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $223,702
Less: Delinquency as of 6/30/2025 ($1,405)
Total Special Taxes Received $222,297

2025 Expenditures
Services $223,702
Administration $0
Total Expenditures $223,702
___________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services. 34 5. Community Facilities District No. 2003-3 Improvement Area 2 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 9

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The Improvement Area is comprised of approximately 133 acres and is divided into two subareas. Subarea A is comprised of approximately 74 acres of land and is bounded by Rincon Meadows Avenue, Kimball Avenue, Mill Creek Avenue and Bickmore Avenue. Subarea B is comprised of approximately 59 acres of land bounded by Kimball Avenue on the North, an easement owned by Southern California Edison on the South and Subarea D on the east.

The District was formed to construct certain roadway, bridges, sewers, water and reclaimed water facilities, dry utilities, storm drains, street and parkway landscaping, curbs and gutters, medians, median landscaping, traffic signals, entry signage, parks, trails, fire facilities, library facilities, and public community facilities. The funds allocated from the services portion of the CFD will cover maintenance of parks, parkways and open space, flood and storm protection services the operation of storm drainage systems, and public safety services.

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount Deposited
to Improvement Fund (1)
Amount
Expended
June 30, 2025
Balance Project Status
CFD No. 2003-3 IA 2 $22,537,953.51 $22,537,953.51 $0.00 Completed (1) Includes Series 2006 initial deposit.

Improvements have been completed in the District. The Improvement Fund has been closed. 35 6. Community Facilities District No. 2003-3 Improvement Area 5 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 10

Community Facilities District No. 2003-3 Improvement Area 5 Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). This Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, require that the proceeds of the Special Tax be applied to those purposes, require the creation of an account into which the proceeds shall be deposited, and require an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

The chief fiscal officer of the issuing local agency shall file a report with its governing body no later than January 1, after the bonds have been issued and at least once a year thereafter. The annual report shall contain all of the following:
a. The amount of funds collected and expended.

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $698,683
Less: Delinquency as of 6/30/2025 ($379)
Total Special Taxes Received $698,304

2025 Expenditures
Services $695,441
Administrative Expenses (2) $3,243
Total Expenditures $698,684
__________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services and Administrative Expenses. (2) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is separated into two non -contiguous areas; one located north of Pine Avenue and west of Rincon Meadows Avenue, and the second is located west of Hellman Avenue and south of Pine Avenue.

CFD No. 2003-3 IA 5 is a non -bonded service and was formed to finance services such as , maintenance of parks, parkways and open space; flood and storm protection services; the operation of storm drainage systems; and public safety services.

36 7. Community Facilities District No. 2003-3 Improvement Area 6 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 11

Community Facilities District No. 2003-3 Improvement Area 6 2015 Special Tax Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). Th e Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001 in accordance with Sections 50075.1 and 53410 of the California Government Code.

Facilities:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $957,170
Less: Delinquency as of 6/30/2025 ($6,503)
Total Special Taxes Received $950,667

2025 Expenditures
Bond Interest – 3/1/2025 $253,619
Bond Interest – 9/1/2025 $253,619
Bond Principal – 9/1/2025 $330,000
Administrative Expenses (2) $10,930
Total Expenditures $848,168

City Held Fund Balance 6/30/2025 $738,880
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest, Administrative Expenses, and Developer Reimbursement (upon request).
(2) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Services:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $112,294
Less: Delinquency as of 6/30/2025 ($763)
Total Special Taxes Received $111,531
2025 Expenditures
Services $112,294
Administration $0
Total Expenditures $112,294
___________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services. 37 7. Community Facilities District No. 2003-3 Improvement Area 6 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 12

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 30.88 gross acres of land (including approximately 19.59 taxable acres) and is divided into three zones. Zones 1 and 2 are located south of Bickmore Avenue between Rincon Meadows and Mill Creek Avenue. Zone 3 is located south of Kimball Avenue and west of Hellman Avenue.

The District was formed to finance backbone infrastructure, including water and storm drain improvements. The funds allocated from the services portion of the CFD will cover maintenance of parks, parkways and open space, flood and storm protection services the operation of storm drainage systems, and public safety services.

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount Deposited
to Improvement Fund (1)
Amount
Expended
June 30, 2025
Balance Project Status
CFD No. 2003-3 IA 6 $12,488,492.30 $12,488,471.18 $21.12 Completed (1) Includes Series 2015 initial deposit.

Improvements have been completed in the District.

38 8. Community Facilities District No. 2003-3 Improvement Area 7 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 13

Community Facilities District No. 2003-3 Improvement Area 7 2018 and 2020 Special Tax Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). The Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds . The Act only applies to bonds issued on or after January 1, 2001 in accordance with Sections 50075.1 and 53410 of the California Government Code.

Some of the requirements of the Act are handled at the formation (bond issuance) of the Special Tax District and others are handled through annual reports . This section of the report intends to comply with Sections 50075.3 and 53411 of the California Government Code that states:

Facilities:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $2,626,035
Less: Delinquency as of 6/30/2025 ($38,970)
Total Special Taxes Received $2,587,065

2025 Expenditures
Bond Interest – 3/1/2025 $776,100
Bond Interest – 9/1/2025 $776,100
Bond Principal – 9/1/2025 $800,000
Administrative Expenses (2) $22,786
Developer Reimbursement $0
Total Expenditures $2,374,986

City Held Fund Balance 6/30/2025 $1,950,135
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest, Administrative Expenses, and Developer Reimbursement (upon request).
(2) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Services:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $313,887
Less: Delinquency as of 6/30/2025 ($4,643)
Total Special Taxes Received $309,244

2025 Expenditures
Services $313,887
Administration $0
Total Expenditures $313,887
___________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services. 39 8. Community Facilities District No. 2003-3 Improvement Area 7 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 14

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 83.7 gross acres of land (including approximately 56.70 taxable acres) and is divided into three zones. Zones 1 and 2 are located south of Hellman and west of Pine Avenue. Zone 3 is located north of Kimball Avenue and east of Rincon Meadows Avenue.

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount Deposited
to Improvement Fund
Amount
Expended
June 30, 2025
Balance Project Status
CFD No. 2003-3 IA 7 $38,307,155.80 $38,307,155.80 $0.00 Completed

Improvements have been completed in the District.

40 9. Community Facilities District No. 2003-3 Improvement Area 8 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 15

Community Facilities District No. 2003-3 Improvement Area 8 2021 Special Tax Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). This Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, require that the proceeds of the Special Tax be applied to those purposes, require the creation of an account into which the proceeds shall be deposited, and require an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Facilities:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $1,414,850
Less: Delinquency as of 6/30/2025 $0
Total Special Taxes Received $1,414,850

2025 Expenditures
Bond Interest – 3/1/2025 $403,000
Bond Interest – 9/1/2025 $403,000
Bond Principal – 9/1/2025 $430,000
Administrative Expenses (2) $15,827
Developer Reimbursement $0
Total Expenditures $1,251,827

City Held Fund Balance 6/30/2025 $1,075,502
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest, Administrative Expenses, and Developer Reimbursement (upon request).
(2) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Services:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $181,878
Less: Delinquency as of 6/30/2025 $0
Total Special Taxes Received $181,878

2025 Expenditures
Services $181,878
Administration $0
Total Expenditures $181,878
___________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services. 41 9. Community Facilities District No. 2003-3 Improvement Area 8 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 16

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 22.39 gross acres. Zone 1 is located west of East Preserve Loop and south of Forest Park Street in the City of Chino. Zone 2 is located south of Forest Park Street and east of Main Street. Zone 3 is located south of Garden Park Street and east of West Preserve Loop.

The District was formed to finance certain backbone infrastructure required in connection with the previous development of property within the District, including street, landscaping, bridge, storm drain, sewer, water, and dry utilities infrastructure improvements, design and constr uction of monumentation, and traffic signal installation. The funds allocated from the services portion of the CFD will cover maintenance of parks, parkways and open space, flood and storm protection services the operation of storm drainage systems, and public safety services.

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount Deposited
to Improvement Fund Amount Expended
June 30, 2025
Balance Project Status
CFD No. 2003-3 IA 8 $22,016,786.70 $22,016,782.52 $4.18 In Progress

It is anticipated that Improvement Funds will be expended as reimbursement requests are made for approved facilities.

42 10. Community Facilities District No. 2003-3 Improvement Area 9 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 17

Community Facilities District No. 2003-3 Improvement Area 9 2022 Special Tax Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). This Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, require that the proceeds of the Special Tax be applied to those purposes, require the creation of an account into which the proceeds shall be deposited, and require an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Facilities:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $2,448,635
Less: Delinquency as of 6/30/2025 ($31,918)
Total Special Taxes Received $2,416,717

2025 Expenditures
Bond Interest – 3/1/2025 $821,388
Bond Interest – 9/1/2025 $821,388
Bond Principal – 9/1/2025 $550,000
Administrative Expenses (2) $18,585
Total Expenditures $2,211,361

City Held Fund Balance 6/30/2025 $1,637,873
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest, Administrative Expenses, and Developer Reimbursement (upon request).
(2) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Services:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $373,474
Less: Delinquency as of 6/30/2025 ($4,879)
Total Special Taxes Received $368,595

2025 Expenditures
Services $373,474
Administration $0
Total Expenditures $373,474
___________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services. 43 10. Community Facilities District No. 2003-3 Improvement Area 9 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 18

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 56.97 gross acres and three zones. Zone 1 consists of Zone 1A and 1B.

Zone 1A is planned to be developed into 239 residential dwelling units and Zone 1B is planned to be developed into 76 residential dwelling units. Zone 2 is planned to be developed into 128 residential dwelling units. Zone 3 is planned to be developed into 148 residential dwelling units.

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount Deposited
to Improvement Fund
Amount
Expended
June 30, 2025
Balance Project Status
CFD No. 2003-3 IA 9 $28,675,980.09 $28,657,859.82 $18,120.27 In Progress

It is anticipated that Improvement Funds will be expended as reimbursement requests are made for approved facilities.

44 11. Community Facilities District No. 2003-3 Improvement Area 10 _______________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 19

Community Facilities District No. 2003-3 Improvement Area 10 2025 Special Tax Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). The Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Facilities:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $1,207,131
Less: Delinquency as of 6/30/2025 ($21,420)
Total Special Taxes Received $1,185,711

2025 Expenditures
Bond Interest – 3/1/2025 $453,400
Bond Interest – 9/1/2025 $453,400
Bond Principal – 9/1/2025 $290,000
Administrative Expenses (2) $10,331
Total Expenditures $1,207,131

City Held Fund Balance 6/30/2025 $732,405
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest, Administrative Expenses, and Developer Reimbursement (upon request).
(2) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Services:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $121,754
Less: Delinquency as of 6/30/2025 ($2,986)
Total Special Taxes Received $118,768

2025 Expenditures
Services $121,754
Administration $0
Total Expenditures $121,754
___________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services. 45 11. Community Facilities District No. 2003-3 Improvement Area 10 _______________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 20

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 20.90 gross acres and four zones. Zone 1 is planned to be developed into 149 residential dwelling units and is located south of Bickmore Avenue, west of Rincon Meadows Avenue, and north of Pine Avenue in the City of Chino. Zone 2 is designated as “Agricultural Buffer Property” and is currently exempt from taxation. Zone 3 is planned to be developed into 56 residential dwelling units and is located north of Legacy Park Street, east of East Preserve Loop, and west of Hellman Avenue in the City of Chino. Zone 4 is planned to be developed into 56 residential dwelling units and is located north Legacy Park Street, east of East Preserve Loop, and west of Hellman Avenue in the City of Chino.

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount Deposited
to Improvement Fund
Amount
Expended
June 30, 2025
Balance Project Status
CFD No. 2003-3 IA 10 $16,696,302.96 $7,295,465.65 $9,400,837.31 In Progress

46 12. Community Facilities District No. 2003-4 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 21

Community Facilities District No. 2003-4
2021 Special Tax Refunding Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act. This Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $374,126
Less: Delinquency as of 6/30/2025 $0
Total Special Taxes Received $374,126

2025 Expenditures (1)(2)
Bond Interest – 3/1/2025 $34,966
Bond Interest – 9/1/2025 $34,966
Bond Principal – 9/1/2025 $310,000
Administrative Expenses (3) $5,351
Surplus Fund Credit ($11,156)
Total Expenditures $374,127

City Held Fund Balance 6/30/2025 $443,529
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest and Administrative Expenses. (2) Due to available surplus funds, amount enrolled was less than projected expenditures. (3) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 96.20 acres of land, including approximately 94.66 taxable acres, and is located in the City, on the east and west side of Mountain Avenue from Kimball Avenue to Bickmore Avenue.

The District was formed to fund infrastructure needed for new development, roadway, sewer, water, gas, storm drain, streets and parkways, curbs and gutters, bridges, traffic signals, entry signage, appurtenant work, and development impact fees.

This District is one of the six Local Obligations of the City of Chino Public Financing Authority (PFA) Refunding Bonds, Series of 2021A. The City of Chino PFA Marks−Roos Revenue Pool is also comprised of Community Facilities District Nos. 2001−1, 2003−1, 2003−2, 2003−3 IA 1 and 2009−1; please see separate reports for information regarding these Districts.
47 12. Community Facilities District No. 2003-4 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 22

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount
Deposited to
Improvement Fund (1) Amount Expended
June 30, 2025
Balance Project Status
CFD 2003-4 $5,503,141.00 $5,503,141.00 $0.00 Completed
(1) Includes Series 2004 initial deposit.

Improvements have been completed in the District. The Improvement Fund has been closed.

48 13. Community Facilities District No. 2005-1 Improvement Area 1 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 23

Community Facilities District No. 2005-1 Improvement Area 1 2015 Special Tax Refunding Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). The Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Facilities:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $1,537,820
Less: Delinquency as of 6/30/2025 ($20,041)
Total Special Taxes Received $1,517,779

2025 Expenditures
Bond Interest – 3/1/2025 $261,000
Bond Interest – 9/1/2025 $261,000
Bond Principal – 9/1/2025 $735,000
Administrative Expenses (2) $22,444
Total Expenditures $1,279,444

City Held Fund Balance 6/30/2025 $1,859,070
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest, Administrative Expenses, and Developer Reimbursement (upon request).
(2) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Services:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $1,126,480
Less: Delinquency as of 6/30/2025 ($13,719)
Total Special Taxes Received $1,112,761

2025 Expenditures
Services $1,126,480
Administration $0
Total Expenditures $1,126,480
___________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services. 49 13. Community Facilities District No. 2005-1 Improvement Area 1 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 24

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is divided into nine planning areas and is comprised of approximately 94.40 acres of land and is bounded by Cypress Avenue, Euclid Avenue, Clemson Street and the northwest quadrant of San Antonio Avenue and Eucalyptus Avenue.

The Public Facilities within the District are proposed to consist of backbone infrastructure needed for new development such as roadway, sewer, water, storm drain, street and parkway, curbs and gutters, traffic signals, dry utilities, landscaping improvements, appurtenances and appurtenant work, and development impact fees that are used by the City to construct infrastructure. The funds allocated from the services portion of the CFD will cover maintenance of parks, parkways and open space, flood and storm protection services the operation of storm drainage systems, and public safety services.

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount
Deposited to
Improvement Fund (1) Amount Expended
June 30, 2025
Balance Project Status
CFD No. 2005-1 IA 1 $20,799,104.23 $20,799,104.23 $0.00 Completed (1) Includes Series 2007 initial deposit.

Improvements have been completed in the District. The Improvement Fund has been closed.

50 14. Community Facilities District No. 2005-1 Improvement Area 2 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 25

Community Facilities District No. 2005-1 Improvement Area 2 2019 Special Tax Refunding Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). The Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Facilities:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $168,319
Less: Delinquency as of 6/30/2025 ($1,098)
Total Special Taxes Received $167,221

2025 Expenditures
Bond Interest – 3/1/2025 $29,994
Bond Interest – 9/1/2025 $29,994
Bond Principal – 9/1/2025 $60,000
Administrative Expenses (2) $10,017
Total Expenditures $130,005

City Held Fund Balance 6/30/2025 $233,625
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest, Administrative Expenses, and Developer Reimbursement (upon request).
(2) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Services:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $334,579
Less: Delinquency as of 6/30/2025 ($2,939)
Total Special Taxes Received $331,640

2025 Expenditures
Services $334,579
Administration $0
Total Expenditures $334,579
___________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services. 51 14. Community Facilities District No. 2005-1 Improvement Area 2 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 26

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 54.4 net acres and contains three zones. The area is located within the City, and is located north of Cypress Avenue, west of Mountain Avenue, and south of Edison Avenue.

The Public Facilities within the District are proposed to consist of backbone infrastructure needed for new development, such as roadway, sewer, water, dry utilities, storm drain, street and parkway, curb and gutter, traffic signal, entry signage, and appurtenances and appurtenant work. The funds allocated from the services portion of the CFD will cover maintenance of parks, parkways and open space, flood and storm protection services the operation of storm drainage systems, and public safety services.

The District is one of two Local Obligations of the Chino Public Financing Authority (PFA) Local Agency Refunding Bonds, Series 2019A. The City of Chino PFA Marks -Roos Revenue Pool is also comprised of Community Facilities District No. 2006-3; please see separate report for information regarding this District.

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount Deposited
to Improvement Fund (1) Amount Expended
June 30, 2025
Balance Project Status
CFD No. 2005-1 IA 2 $1,695,432.81 $1,693,235.47 $2,197.34 In Progress (1) Includes Series 2014 initial deposit.

The developer is in the process of preparing and submitting payment requests for the remaining balance. The construction of the Facilities and Fees in connection with the development of property within the District continues as additional development occurs.

52 15. Community Facilities District No. 2005-1 Improvement Area 3 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 27

Community Facilities District No. 2005-1 Improvement Area 3 2015 Special Tax Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). The Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Facilities:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $205,032
Less: Delinquency as of 6/30/2025 ($2,436)
Total Special Taxes Received $202,596

2025 Expenditures
Bond Interest – 3/1/2025 $47,019
Bond Interest – 9/1/2025 $47,019
Bond Principal – 9/1/2025 $70,000
Administrative Expenses (2) $12,019
Total Expenditures $176,057

City Held Fund Balance 6/30/2025 $269,980
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest, Administrative Expenses, and Developer Reimbursement (upon request).
(2) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Services:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $312,142
Less: Delinquency as of 6/30/2025 ($3,433)
Total Special Taxes Received $308,709
2025 Expenditures
Services $312,142
Administration $0
Total Expenditures $312,142
___________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services. 53 15. Community Facilities District No. 2005-1 Improvement Area 3 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 28

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 19.81 net taxable acres and is divided into three zones bounded by Cypress Avenue, Edison Avenue, and Marquette Avenue, Satterfield Way, and intersected by Eucalyptus Avenue.

The Public Facilities within the District are proposed to consist of backbone infrastructure needed for new development such as roadway, sewer, water, storm drain, street and parkway, curbs and gutters, traffic signals, dry utilities, landscaping improvements, and appurtenances and appurtenant work. The funds allocated from the services portion of the CFD will cover maintenance of parks, parkways and open space, flood and storm protection services the operation of storm drainage systems, and public safety services.

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount Deposited
to Improvement Fund (1) Amount Expended
June 30, 2025
Balance Project Status
CFD No. 2005-1 IA 3 $2,372,493.97 $2,332,283.21 $40,210.76 In Progress (1) Includes Series 2015 initial deposit.

It is anticipated that Improvement Funds will be expended as Developer Reimbursement requests are made for approved facilities.

54 16. Community Facilities District No. 2005-1 Improvement Area 4 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 29

Community Facilities District No. 2005-1 Improvement Area 4 2016 Special Tax Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). The Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Facilities:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $410,824
Less: Delinquency as of 6/30/2025 ($8,659)
Total Special Taxes Received $402,165

2025 Expenditures
Bond Interest – 3/1/2025 $84,078
Bond Interest – 9/1/2025 $84,078
Bond Principal – 9/1/2025 $185,000
Administrative Expenses (2) $13,346
Total Expenditures $366,502
City Held Fund Balance 6/30/2025 $493,764
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest, Administrative Expenses, and Developer Reimbursement (upon request).
(2) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Services:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $346,418
Less: Delinquency as of 6/30/2025 ($7,303)
Total Special Taxes Received $339,115

2025 Expenditures
Services $346,418
Administration $0
Total Expenditures $346,418
___________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services. 55 16. Community Facilities District No. 2005-1 Improvement Area 4 ________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 30

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District contains approximately 55.91 net taxable acres and is divided into three zones. The District is located south of Edison Avenue, west of Euclid Avenue, north of Cypress Avenue, and lies on both sides of Eucalyptus Avenue.

The Public Facilities within the District are proposed to consist of backbone infrastructure needed for new development such as roadway, sewer, water, storm drain, street and parkway, curbs and gutters, traffic signals, dry utilities, landscaping improvements, and appurtenances and appurtenant work. The funds allocated from the services portion of the CFD will cover maintenance of parks, parkways and open space, flood and storm protection services the operation of storm drainage systems, and public safety services.

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount Deposited
to Improvement Fund (1) Amount Expended
June 30, 2025
Balance Project Status
CFD No. 2005-1 IA 4 $6,011,932.90 $5,990,512.48 $21,420.42 In Progress (1) Includes Series 2016 initial deposit.

It is anticipated that Improvement Funds will be expended as Developer Reimbursement requests are made for approved facilities.

56 17. Community Facilities District No. 2005-2 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 31

Community Facilities District No. 2005-2
2015 Special Tax Refunding Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). Th e Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Facilities:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $489,058
Less: Delinquency as of 6/30/2025 ($0.00)
Total Special Taxes Received $489,058

2025 Expenditures
Bond Interest – 3/1/2025 $72,125
Bond Interest – 9/1/2025 $72,125
Bond Principal – 9/1/2025 $200,000
Administrative Expenses (2) $10,491
Developer Reimbursement $134,317
Total Expenditures $489,058
City Held Fund Balance 6/30/2025 $423,976
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest and Administrative Expenses. (2) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Services:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $53,499
Less: Delinquency as of 6/30/2025 ($0)
Total Special Taxes Received $53,499

2025 Expenditures
Services $53,499
Administration $0
Total Expenditures $53,499
___________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services. 57 17. Community Facilities District No. 2005-2 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 32

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 20 acres of land located in the City, within a master-planned community called The Preserve at Chino. The area is north of Bickmore Avenue, west of Rincon Meadows Avenue, and south of Kimball Avenue.

The District was formed to finance certain infrastructure improvements to support de velopment within the District, including law enforcement, fire facilities, road, bridge, traffic signals, drainage, water storage and distribution, sewage collection and disposal, general public facilities, library, community center, open space, and park improvements. The funds allocated from the services portion of the CFD will cover maintenance of parks, parkways and open space, flood and storm protection services the oper ation of storm drainage systems, and public safety services.

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount Deposited
to Improvement Fund (1) Amount Expended
June 30, 2025
Balance Project Status
CFD No. 2005-2 $5,187,000.00 $5,187,000.00 $0.00 Completed (1) Includes Series 2006 initial deposit.

All improvements have been completed in the District. The Improvement Fund has been closed.

58 18. Community Facilities District No. 2006-1 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 33

Community Facilities District No. 2006-1
2016 Special Tax Refunding Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). Th e Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001 in accordance with Sections 50075.1 and 53410 of the California Government Code.

Facilities:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $242,660
Less: Delinquency as of 6/30/2025 ($4,638)
Total Special Taxes Received $238,022
2025 Expenditures (2)
Bond Interest – 3/1/2025 $59,678
Bond Interest – 9/1/2025 $59,678
Bond Principal – 9/1/2025 $150,000
Administrative Expenses (3) $9,371
Surplus Fund Credit ($36,068)
Total Expenditures $242,659
City Held Fund (441) Balance 6/30/2025 $610,831
City Held Fund (841) Balance 6/30/2025 $239,367
(1) Amount enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest and Administrative Expenses. (2) Due to available surplus funds, amount enrolled was less than projected expenditures. (3) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Services:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $59,478
Less: Delinquency as of 6/30/2025 ($1,207)
Total Special Taxes Received $58,271
2025 Expenditures
Services $59,478
Administration $0
Total Expenditures $59,478
___________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services. 59 18. Community Facilities District No. 2006-1 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 34

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 12.22 net acres of land located in the City and consists of Tract No. 17147. The area is located south of Kimball Avenue, west of W. Preserve Loop, north of Spring Hill Street, and east of Mill Creek Avenue.

The District was formed to fund backbone infrastructure needed for new development such as roadway, bridge, sewer, water, dry utilities, storm drain, street and parkway, curb and gutter, traffic signal, entry signage, appurtenances and appurtenant work, and development impact fees used by the City to construct infrastructure.

The funds allocated from the services portion of the CFD will cover maintenance of parks, parkways and open space, flood and storm protection services, the operation of storm drainage systems, and public safety services.

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount Deposited
to Improvement Fund (1)
Amount
Expended
June 30, 2025
Balance Project Status
CFD No. 2006-1 $3,904,374.96 $3,393,858.80 $510,516.16 Completed (1) Includes Series 2013 initial deposit.

It is anticipated that the remainder of the unclaimed Improvement Funds will be transferred to the City for the benefit of CFD No. 2006-1.

60 19. Community Facilities District No. 2006-2 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 35

Community Facilities District No. 2006-2
2015 Special Tax Refunding Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). Th e Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $549,618
Less: Delinquency as of 6/30/2025 ($1,461)
Total Special Taxes Received $548,157

2025 Expenditures (2)
Bond Interest – 3/1/2025 $115,375
Bond Interest – 9/1/2025 $115,375
Bond Principal – 9/1/2025 $325,000
Administrative Expenses (3) $15,088
Surplus Fund Credit ($21,220)
Total Expenditures $549,618

City Held Fund Balance 6/30/2025 $607,436
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest and Administrative Expenses. (2) Due to available surplus funds, amount enrolled was less than projected expenditures. (3) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 28.87 net acres of land located in the City and consists of Tract No. 16953. The area is located north of Chino Avenue, east of Fern Avenue, south of E. Riverside Drive , and west of Euclid Avenue.

The District was formed to construct roadway, sewer, water, gas, storm drain, street and parkway, curb and gutter, traffic signals, bus shelters, entry signage, bicycle path improvements, and appurtenances and appurtenant work.

The District is one of the four Local Obligations of the Chino Public Financing Authority (PFA) Local Agency Refunding Bonds, Series 2015A. The City of Chino PFA Marks-Roos Revenue Pool is also comprised of Community Facilities District Nos. 2003-3 IA 2, 2005-1 IA 1, and 2005-2; please see separate reports for information regarding these Districts.
61 19. Community Facilities District No. 2006-2 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 36

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount
Deposited to
Improvement Fund (1)
Amount
Expended
June 30, 2025
Balance Project Status
CFD No. 2006-2 $8,088,444.40 $8,088,444.40 $0.00 Completed (1) Includes Series 2006 initial deposit.

All improvements have been completed in the District. The Improvement Fund has been closed.

62 20. Community Facilities District No. 2006-3 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 37

Community Facilities District No. 2006-3
2019 Special Tax Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). The Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, require that the proceeds of the Special Tax be applied to those purposes, require the creation of an account into which the proceeds shall be deposited, and require an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Facilities:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $330,511
Less: Delinquency as of 6/30/2025 ($2,831)
Total Special Taxes Received $327,680
2025 Expenditures (2)
Bond Interest – 3/1/2025 $79,816
Bond Interest – 9/1/2025 $79,816
Bond Principal – 9/1/2025 $165,000
Administrative Expenses (3) $10,551
Surplus Fund Credit ($4,672)
Total Expenditures $330,511
City Held Fund Balance 6/30/2025 $351,097
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest and Administrative Expenses. (2) Due to available surplus funds, amount enrolled was less than projected expenditures. (3) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Services:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $64,143
Less: Delinquency as of 6/30/2025 ($539)
Total Special Taxes Received $63,604
2025 Expenditures
Services $64,143
Administration $0
Total Expenditures $64,143
___________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services. 63 20. Community Facilities District No. 2006-3 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 38

d. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 36.57 gross acres of land located in the City and consists of Tract No. 17055. The area is located north of Pine Avenue, east of Mill Creek Avenue, south of Bickmore Avenue, and west of W. Preserve Loop.

The District was formed to fund backbone infrastructure needed for new development such as: storm drain, sewer, water, street improvements, traffic signals, public park improvements, landscaping, and appurtenances and appurtenant work as well as certain development impact fees used by the City to construct infrastructure.

The funds allocated from the services portion of the CFD will cover maintenance of parks, parkways and open space, flood and storm protection services the operation of storm drainage systems, and public safety services.

The District is one of two Local Obligations of the Chino Public Financing Authority (PFA) Local Agency Refunding Bonds, Series 2019A. The City of Chino PFA Marks -Roos Revenue Pool is also comprised of Community Facilities District No. 2005-1 IA 2; please see separate report for information regarding this District.

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount
Deposited to
Improvement Fund (1) Amount Expended
June 30, 2025
Balance Project Status
CFD No. 2006-3 $4,920,905.05 $4,161,061.37 $759,843.68 In Progress (1) Includes Series 2013 initial deposit.

It is anticipated that Improvement Funds will be expended as Developer Reimbursement requests are made for approved facilities.

64 21. Community Facilities District No. 2009-1 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 39

Community Facilities District No. 2009-1
2021 Special Tax Refunding Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). The Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $824,188
Less: Delinquency as of 6/30/2025 $0
Total Special Taxes Received $824,188

2025 Expenditures (2)
Bond Interest – 3/1/2025 $135,468
Bond Interest – 9/1/2025 $135,468
Bond Principal – 9/1/2025 $565,000
Administrative Expenses (3) $5,265
Surplus Fund Credit ($17,013)
Total Expenditures $824,188

City Held Fund Balance 6/30/2025 $932,129
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest and Administrative Expenses. (2) Due to available surplus funds, amount enrolled was less than projected expenditures. (3) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 59 acres of land, all of which are taxable, and is located in the City south of Kimball Avenue, west of Euclid Avenue, and is intersected by Fern and Bickmore Avenues.

The District was formed to finance backbone infrastructure needed for new development, such as roadway, bridge, sewer, water, reclaimed water, dry utilities, storm drain, street and parkway landscaping, curb and gutter, medians, median landscaping, traffic signals, entry signage, parks, trails, fire facilities, library and public community facilities, appurtenances and appurtenant work, and development impact fees that are used by the City to construct infrastructure.

This District is one of the six Local Obligations of the City of Chino Public Financing Authority (PFA) Refunding Bonds, Series of 2021A. The City of Chino PFA Marks−Roos Revenue Pool is also comprised of Community Facilities 65 21. Community Facilities District No. 2009-1 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 40

District Nos. 2001−1, 2003−1, 2003−2, 2003−3 IA 1, and 2003−4; please see separate reports for information regarding these Districts.

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount
Deposited to
Improvement Fund (1) Amount Expended
June 30, 2025
Balance Project Status
CFD No. 2009-1 $11,034,467.00 $11,034,467.00 $0.00 Completed (1) Includes Series 2010 initial deposit.

All improvements have been completed in the District. The Improvement Fund has been closed.

66 22. Community Facilities District No. 2016-1 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 41

Community Facilities District No. 2016-1
2020 Special Tax Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). The Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Facilities:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $530,764
Less: Delinquency as of 6/30/2025 $0
Total Special Taxes Received $530,764

2025 Expenditures (2)
Bond Interest – 3/1/2025 $163,372
Bond Interest – 9/1/2025 $163,372
Bond Principal – 9/1/2025 $195,000
Administrative Expenses (3) $9,021
Total Expenditures $530,765

City Held Fund Balance 6/30/2025 $498,265
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest and Administrative Expenses. (2) Due to available surplus funds, amount enrolled was less than projected expenditures. (3) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Services:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $83,307
Less: Delinquency as of 6/30/2025 $0
Total Special Taxes Received $83,307
2025 Expenditures
Services $83,307
Administration $0
Total Expenditures $83,307
___________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services. 67 22. Community Facilities District No. 2016-1 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 42

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 18.42 gross acres of land located in the City and consists of Tract No. 18858. The area is located north of Bickmore Avenue and east of Euclid Avenue.

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balance as of June 30, 2025
District Name
Initial Amount
Deposited to
Improvement Fund (1) Amount Expended
June 30, 2025
Balance Project Status
CFD No. 2016-1 $9,600,000.00 $8,827,847.35 $772,152.65 In Progress (1) Includes Series 2017 initial deposit.

It is anticipated that Improvement Funds will be expended as Developer Reimbursement requests are made for approved facilities.

68 23. Community Facilities District No. 2016-2 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 43

Community Facilities District No. 2016-2
2017 Special Tax Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). The Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

a. The amount of funds collected and expended.

Facilities:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $489,081
Less: Delinquency as of 6/30/2025 ($5,356)
Total Special Taxes Received $483,725

2025 Expenditures (2)
Bond Interest – 3/1/2025 $151,213
Bond Interest – 9/1/2025 $151,213
Bond Principal – 9/1/2025 $180,000
Administrative Expenses (3) $10,631
Surplus Fund Credit ($3,974)
Total Expenditures $489,083

City Held Fund Balance 6/30/2025 $475,206
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest and Administrative Expenses. (2) Due to available surplus funds, amount enrolled was less than projected expenditures. (3) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Services:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $115,429
Less: Delinquency as of 6/30/2025 ($1,261)
Total Special Taxes Received $114,168

2025 Expenditures
Services $115,429
Administration $0
Total Expenditures $115,429
___________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services. 69 23. Community Facilities District No. 2016-2 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 44

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 39.10 gross acres of land located in the City and consists of Tract Nos. 18971-1 and 18972. The area is located north of Eucalyptus Avenue, between San Antonio Avenue and Euclid Avenue.

The District was formed to fund backbone infrastructure needed for new development such as roadway, bridge, sewer, water, reclaimed water, dry utilities, storm drain, street and parkway, landscaping, curb and gutter, medians, median landscaping, traffic signals, entry signage, parks, trails, fire facilities, library facilities and public community facilities, and appurtenances and appurtenant work. The funds allocated from the services portion of the CFD will cover maintenance of parks, parkways and open space, flood and storm protection services the operation of storm drainage systems, and public safety services.

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount
Deposited to
Improvement Fund (1) Amount Expended
June 30, 2025
Balance Project Status
CFD No. 2016-2 $7,191,422.32 $6,592,677.61 $598,744.71 In Progress (1) Includes Series 2017 initial deposit

It is anticipated that Improvement Funds will be expended as Developer Reimbursement requests are made for approved facilities.

70 24. Community Facilities District No. 2019-1 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 45

Community Facilities District No. 2019-1
2020 Special Tax Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). The Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $596,329
Less: Delinquency as of 6/30/2025 ($3,283)
Total Special Taxes Received $593,046

2025 Expenditures (2)
Bond Interest – 3/1/2025 $192,000
Bond Interest – 9/1/2025 $192,000
Bond Principal – 9/1/202 $205,000
Administrative Expenses (3) $10,631
Surplus Fund Credit ($3,301)
Total Expenditures $596,330

City Held Fund Balance 6/30/2025 $528,121
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Principal, Interest and Administrative Expenses. (2) Due to available surplus funds, amount enrolled was less than projected expenditures. (3) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 20.48 gross acres of land located north of Bickmore Avenue, between Sultana Avenue and Rincon Meadows Avenue.

The District was formed to finance certain backbone infrastructure required in connection with the previous development of property within the District, including new development, such as roadway, bridge, sewer, water, reclaimed water, dry utilities, storm drain, street and parkway landscaping, curb and gutter, medians, median landscaping, traffic signals, entry signage, parks, trails, fire facilities, library facilities and public community facilities, appurtenances and appurtenant work, and development im pact fees that are used by the City to 71 24. Community Facilities District No. 2019-1 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 46

construct infrastructure. The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount Deposited
to Improvement Fund
Amount
Expended
June 30, 2025
Balance Project Status
CFD No. 2019-1 $9,719,861.89 $9,719,861.61 $0.28 Complete

All improvements have been completed in the District. The Improvement Fund will be closed.

72 25. Community Facilities District No. 2020-1 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 47

Community Facilities District No. 2020-1
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). This Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, require that the proceeds of the Special Tax be applied to those purposes, require the creation of an account into which the proceeds shall be deposited, and require an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $244,738
Less: Delinquency as of 6/30/2025 $0
Total Special Taxes Received $244,738

2025 Expenditures
Services $241,495
Administrative Expenses (2) $3,243
Total Expenditures $244,738
__________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services and Administrative Expenses. (2) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

CFD No. 2020-1 is an annexable District with a potential annexation area encompassing the entire City of Chino.

CFD No. 2020-1 is a non-bonded service and was formed to finance services such as, public safety services; library and recreation program services; the operation and maintenance of future museums and cultural facilities; street and road maintenance; and the lighting of parks, parkways, streets, roads and open space and other authorized services.

73 26. Community Facilities District No. 2021-1 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 48

Community Facilities District No. 2021-1
2023 Special Tax Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). The Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Facilities:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $486,925
Less: Delinquency as of 6/30/2025 ($3,051)
Total Special Taxes Received $483,874

2025 Expenditures
Bond Interest – 3/1/2025 $185,103
Bond Interest – 9/1/2025 $185,103
Bond Principal – 9/1/2025 $110,000
Administrative Expenses (2) $9,946
Surplus Fund Credit ($3,228)
Total Expenditures $486,924

City Held Fund Balance 6/30/2025 $399,391
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Facilities and Administrative Expenses. (2) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Services:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $102,556
Less: Delinquency as of 6/30/2025 ($645)
Total Special Taxes Received $101,911

2025 Expenditures
Services $102,556
Administration $0
Total Expenditures $102,556
___________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services. 74 26. Community Facilities District No. 2021-1 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 49

b. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

The District is comprised of approximately 9.68 net taxable acres and is located north of Bickmore Avenue and east of Sultana Avenue in the City of Chino
The District was formed to fund backbone infrastructure needed for new development such as roadway, bridge, sewer, water, reclaimed water, dry utilities, storm drain, street and parkway, landscaping, curb and gutter, medians, median landscaping, traffic signals, entry signage, parks, trails, fire facilities, library facilities and public community facilities, and appurtenances and appurtenant work. The funds allocated from the services portion of the CFD will cover maintenance of parks, parkways and open space, flood and storm protection services the operation of storm drainage systems, and public safety services.

The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the District’s June 30, 2025, Improvement Fund balance, and the project status:

Improvement Fund Balances as of June 30, 2025
District Name
Initial Amount Deposited
to Improvement Fund
Amount
Expended
June 30, 2025
Balance Project Status
CFD No. 2021-1 $6,113,156.64 $6,104,244.20 $8,912.44 In Progress

It is anticipated that Improvement Funds will be expended as Developer Reimbursement requests are made for approved facilities.

75 27. Community Facilities District No. 2022-1 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 50

Community Facilities District No. 2022-1
2025 Special Tax Bonds
Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). The Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Facilities:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $145,850
Less: Delinquency as of 6/30/2025 ($2,350)
Total Special Taxes Received $143,500

2025 Expenditures
Facilities $141,046
Administrative Expenses (2) $4,804
Total Expenditures $145,850

City Held Fund Balance 6/30/2025 $162,507
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Facilities and Administrative Expenses. (2) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Services:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $23,943
Less: Delinquency as of 6/30/2025 ($388)
Total Special Taxes Received $23,555

2025 Expenditures
Services $23,943
Administration $0
Total Expenditures $23,943
___________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services.

76 28. Community Facilities District No. 2023-1 _________________________________________ City of Chino Senate Bill 165 Report for Calendar Year 2025 51

Community Facilities District No. 2023-1

Senate Bill 165 shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). The Act requires that any local Special Tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the Special Tax, requires that the proceeds of the Special Tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code.

Facilities:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $100,955
Less: Delinquency as of 6/30/2025 $0
Total Special Taxes Received $100,955

2025 Expenditures
Facilities $96,151
Administrative Expenses (2) $4,804
Total Expenditures $100,955

City Held Fund Balance 6/30/2025 $111,861
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Facilities and Administrative Expenses. (2) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Services:

Fiscal Year 2024-25 Revenues (1)
Special Taxes Levied $13,713
Less: Delinquency as of 6/30/2025 $0
Total Special Taxes Received $13,713

2025 Expenditures
Services $13,713
Administration $0
Total Expenditures $13,713
___________
(1) Amount Enrolled for the Fiscal Year 2024-25 to pay for Services.

77 78

MEMORANDUM

CITY OF CHINO

FINANCE DEPARTMENT

CITY COUNCIL MEETING DATE: FEBRUARY 3, 2026

TO: LINDA REICH, CITY MANAGER
FROM: KIM SAO, DIRECTOR OF FINANCE

SUBJECT
..titl e
Annual Adoption of City of Chino and Successor Agency Investment Policy. ..end

RECOMMENDATION
Adopt City Resolution No. 2026 -010 and Successor Agency Resolution No. SA 2026-001 containing the City of Chino and Successor Agency Statement of Investment Policy and delegating authority to the City Treasurer.
..body

FISCAL IMPACT
No fiscal impact.

Revenue: Click or tap here to enter text.

Expenditure:

Transfer In: Click or tap here to enter text. Transfer Out: Click or tap here to enter text. 79 CITY COUNCIL MEETING DATE: FEBRUARY 3, 2026
TITLE: ANNUAL ADOPTION OF CITY OF CHINO AND SUCCESSOR AGENCY INVESTMENT POLICY.

PAGE: 2

BACKGROUND
The City invests its cash balances in conformance with the California Government Code , which establishes three primary investment objectives: safety, liquidity and yield. The City adheres to the prudent investor standard and follows best practices in treasury management. California Government Code Section 53600 et seq. authorizes the inves tment of public funds and sets forth the permissible investment instruments for local agencies.

Chino’s annual Statement of Investment Policy (attached) defines the specific investment parameters applicable to the City . These parameters may be more restrictive than the State Code, but may not be less restrictive. The Investment Policy also serves as a guiding document for achieving the City’s investment objectives and outlines the overall framework for managing the investment portfolio.

City Council last adopted the Investment Policy on February 18, 2025. State Law requires that the City maintain an active investment policy for the entire fiscal year.

ISSUES/ANALYSIS
The policy is reviewed each year to ensure compliance with any changes in State Code and incorporate staff’s recommend ed updates following a comprehensive review conducted in consultation with the Investment Advisory Committee.

A summary of the primary changes is provided below; all proposed revisions are reflected in the redlined draft of the attached policy.

 Bankers’ Acceptance, Commercial Papers, Repurchase Agreements, Reverse Repurchase Agreements and Mortgage Pass-Through and Asset Backed Securities removed as allowable investment instruments.
 The minimum rating required for corporate bonds is increased to AA and the maximum portfolio allocation is reduced from 30% to 5%.
 An update was made to the investment diversification specification language for clarity.  An update was made to the reporting specifications.
 General formatting, spelling and grammar corrections as needed.

The updated Investment Policy was presented to the Investment Advisory Committee on December 3, 2025, and the Committee recommended brining the policy changes to the City Council for consideration.

Attachments: Resolution No. 2026-010
Successor Agency Resolution No. SA 2026-001
Statement of Investment Policy (redlined)
Statement of Investment Policy (final)

80 RESOLUTION NO. 2026-010

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHINO,

CALIFORNIA, ADOPTING A S TATEMENT OF INVESTMENT

POLICY AND DELEGATING AUTHORITY TO THE CITY TREASURER.

WHEREAS, on February 18, 2025, the City Council of the City of Chino last adopted the Statement of Investment Policy; and
WHEREAS, California Government Code Section 53600 et seq. governs the investment of public funds by local governments; and
WHEREAS, pursuant to California Government Code Section 53607, the City Council of the City of Chino has delegated its investment authority under California Government Code Section 53601 to the City Treasurer.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CHINO HEREBY RESOLVES AS FOLLOWS:

Section 1. The City Council does hereby adopt the attached Exhibit A containing the Statement of Investment Policy effective immediately and ending June 30, 2027.

Section 2. Any and all prior resolutions adopting a Statement of Investment Policy for the City of Chino shall be hereby rescinded.

Section 3. The City Council designates the Director of Finance as the City Treasurer.

Section 4. The City Council, of the City of Chino, California pursuant to Government Code Section 53607, hereby delegates to the City Treasurer of the City of Chino the authority of the City Council to invest or to reinvest funds of the City, or to sell or exchange securities so purchased, until such time as the delegated authority is revoked.

Section 5. The City Treasurer shall hereafter assume full responsibility for those transactions relating to the investment or the reinvestment of City funds, and the sale or exchange of securities so purchased until the delegation of this authority is revoked or expires. The authority so delegated shall comply with the provisions of State of California law, including California Government Code Section 53601, and the Investment Policy.

Section 6. The City Treasurer shall render to the City Council and to the Investment Advisory Committee a Statement of Investment Policy each year which shall be considered for adoption by the City Council no later than its second regular meeting in February of each year. Any changes to said policy shall be considered by the City Council at such a public meeting.

Section 7. The City Treasurer shall report to the City Council, City Manager and the City’s Auditors as required by the Statement of Investment Policy and all applicable laws. 81 RESOLUTION NO. 2026-010
PAGE 2

APPROVED AND ADOPTED THIS 3rd day of February 2026.

By:

EUNICE M. ULLOA, MAYOR

ATTEST:

________________________________

NATALIE GONZAGA, CITY CLERK

STATE OF CALIFORNIA

COUNTY OF SAN BERNARDINO

CITY OF CHINO

)
) ss.
)

I, NATALIE GONZAGA, City Clerk of the City of Chino, do hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of Chino at a regular meeting held on the 3rd day of February 2026 by the following votes:

AYES:

NOES:

ABSENT:

COUNCIL MEMBERS:

By:

_______________________________

NATALIE GONZAGA, CITY CLERK

82 SUCCESSOR AGENCY RESOLUTION NO. SA 2026-001

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHINO,

CALIFORNIA, AS SUCCESSOR AGENCY TO THE CHINO

REDEVELOPMENT AGENCY OF THE CITY OF CHINO,

CALIFORNIA, ADOPTING A STATEMENT OF INVESTMENT
POLICY AND DELEGATION OF CITY TREASURER DUTIES.

WHEREAS, on February 18, 2025, the City Council of the City of Chino as Successor Agency to the Chino Redevelopment Agency of the City of Chino (“Successor Agency”) last adopted the Statement of Investment Policy; and
WHEREAS, California Government Code Section 53600 et seq. governs the investment of public funds by local governments; and
WHEREAS, pursuant to California Government Code Section 53607, the City Council of the City of Chino has delegated its investment authority under California Government Code Section 53601 to the City Treasurer.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CHINO AS SUCCESSOR AGENCY HEREBY RESOLVES AS FOLLOWS:

Section 1. The City Council does hereby adopt the attached Exhibit A containing the Statement of Investment Policy effective immediately and ending June 30, 2027.

Section 2. Any and all prior resolutions adopting a Statement of Investment Policy for the City of Chino shall be hereby rescinded.

Section 3. The City Council designates the Director of Finance as the City Treasurer.

Section 4. The City Council pursuant to Government Code Section 53607, hereby delegates to the City Treasurer of the City of Chino the authority of the City Council to invest or to reinvest funds of the Successor Agency, or to sell or exchange securities so purchased, until such time as the delegated authority is revoked.

Section 5. The City Treasurer shall hereafter assume full responsibility for those transactions relating to the investment or the reinvestment of Successor Agency funds, and the sale or exchange of securities so purchased until the delegation of this authority is revoked or expires.

The authority so delegated shall comply with the provisions of State of California law, including California Government Code Section 53601, and the Investment Policy.

Section 7. The City Treasurer shall report to the City Council, the City Manager and the City’s Auditor as required by the Statement of Investment Policy and all applicable laws. 83 SUCCESSOR AGENCY RESOLUTION NO. SA 2026-001
PAGE 2

APPROVED AND ADOPTED THIS 3rd day of February 2026.

By:____________________
EUNICE M. ULLOA, MAYOR

ATTEST:

________________________________

NATALIE GONZAGA, CITY CLERK

STATE OF CALIFORNIA

COUNTY OF SAN BERNARDINO

CITY OF CHINO

)
) ss.
)

I, NATALIE GONZAGA, City Clerk of the City of Chino, do hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of Chino as Successor Agency to the Chino Redevelopment Agency of the City of Chino at a regular meeting held on the 3rd day of February 2026 by the following votes:

AYES:

NOES:

ABSENT:

COUNCIL MEMBERS:

By:

_______________________________

NATALIE GONZAGA, CITY CLERK

84 Exhibit A – City of Chino Investment Policy

Page 1 ends

CITY OF CHINO

STATEMENT OF INVESTMENT POLICY
ADOPTED FEBRUARY 3, 2026

1 POLICY

This statement is intended to provide guidelines for the prudent investment of the temporary idle cash of the City of Chino (City) and outline policies for maximizing the efficiency of the City's cash management system. The goal is to enhance the economic status of the City, while protecting the investment corpus of pooled cash in accordance with applicable local, state, and federal laws.

2.0 SCOPE:

This investment policy applies to all financial assets and investment activities of the City, except for proceeds of debt issuance. Debt proceeds shall be invested in accordance with the "Permitted Investments" and/or investment provisions for each specific bond indenture and/or bond document.

The Policy applies to the following funds and is accounted for in the City's annual audited financial statements.

A. General Fund
B. Special Revenue Funds
C. Debt Service Funds
D. Capital Improvement Funds
E. Enterprise Funds
F. Internal Service Funds
G. Successor Agency Funds
H. Any joint powers authority funds.

3.0 STANDARDS OF PRUDENCE:

The City Treasurer, Deputy City Treasurer, or Designee authorized to make investment decisions on behalf of the City of Chino investing public funds pursuant to this policy are trustees and therefore fiduciaries subject to the prudent investor standard. Wh en investing, reinvesting, purchasing, acquiring, exchanging, selling, and managing public 85 Exhibit A – City of Chino Investment Policy

Page 2 ends

funds, the City Treasurer or Deputy City Treasurer shall act with care, skill, prudence, and diligence under the circumstances then prevailing, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the agency. Within the limitations of this section and co nsidering individual investments as part of an overall strategy, the City Treasurer or a Deputy City Treasurer is authorized to acquire investments as authorized by law.

4.0 INVESTMENT OBJECTIVES

When investing, reinvesting, purchasing, acquiring, exchanging, selling, and managing public funds, the primary objective of the City Treasurer or Deputy City Treasurer shall be to safeguard the principal of the funds under its control. The secondary objective shall be to meet the liquidity needs of the City. The third objective shall be to achieve a market average rate of return consistent with the primary objectives of safety and liquidity, throughout budgetary and economic cycles. At no time should safety or liquidity be compromised in exchange for hig her yields.

1. Safety - The preservation of invested capital (principal) is of primary importance.

The City Treasurer or a Deputy City Treasurer shall only invest in investments that are considered safe. The safety and risk associated with an investment refers to the potential loss of principal, accrued interest, or a combination of these amounts. Each investment decision shall seek to ensure that capital losses are avoided.

2. Liquidity - The City's investment portfolio shall contain investments with a diversified mix of maturities to provide sufficient liquidity to meet projected operating cash requirements of the City.

3. Return on Investments - The City's investment portfolio shall be designed with the objective of obtaining a reasonable and competitive market rate of return throughout budgetary and economic cycles, taking into consideration risk constraints, prudent investment principles, and the cash flow characteristics of t he portfolio.

86 Exhibit A – City of Chino Investment Policy

Page 3 ends

5.0 DELEGATION OF AUTHORITY:

The authority to invest City funds is vested in the City Treasurer as adopted by resolution of the City Council or Agency of the City of Chino. All investment decisions and investment of funds shall be made in full compliance with this policy, the California Government Code Sections 53600 et. seq. and all other relevant state and federal requirements as well as any amendments or additions to such requirements.

Management responsibility for the investment of Cit y funds is vested in the City Treasurer who shall prepare written procedures for the operation of the investment program and safekeeping of investment instruments consistent with this investment policy. The written procedures may provide for the delegation of authority to a designee or Deputy City Treasurer who, upon assuming such office, shall become responsible for investment transactions. No person may engage in an investment decision except as permitted by this policy and by the procedures promulgated by the City Treasurer.

Prior to implementing such procedures, the City Treasurer shall submit them to the City Council for approval.

The Investment Advisory Committee is hereby established , and it is vested with the authority to oversee the implementation of this policy and to recommend amendments of this policy to the City Council. The Committee is composed of two City Council Members, the City Manager, the City Treasurer, the Deputy City Treasurer, and one alternate City Council Member who shall serve only in the absence of the regular City Council Members. The Committee shall meet once every quarter and at such other times as may be called by the City Treasurer or City Council Members. The City Treasurer shall be the chair of the Committee. The Committee may recommend the employment of a qualified investment advisor whose employment shall be determined by the City Council. The investment advisor shall advise the City Treasurer, the Committee and the City Council.

6.0 ETHICS AND CONFLICTS OF INTEREST:

Elected officials and employees of the City involved in the investment process shall refrain from personal business activity that could conflict with proper execution of the investment program, or which could impair their ability to make impartial decisions under the Political Reform Act and Government Code Section 1090 et seq. Elected 87 Exhibit A – City of Chino Investment Policy

Page 4 ends

officials and employees shall disclose to the City Manager any material interest s in financial institutions that conduct business with the City, and they shall further disclose any personal investment position or financial asset that could be related to the performance of the City's investment program. Elected officials and employees shall subordinate their personal investment transactions to those of the City particularly with regard to the time of purchases and sales. Any firm proposing to provide any type of investment service to the City shall acknowledge their familiarity with the provisions of the Political Reform Act, Government Code Section 81000 et seq. and CA Code of Regulations 18110 et seq. and the provisions limiting contractual conflicts of interest under Government Code Section 1090 et seq.

Any firm proposing to provide any type of investment service to the City shall also acknowledge their familiarity with and agree to abide by any Federal or State law, regulation, rule or policy pertaining to or limiting campaign contributions by such firms, their employees, spouses or agents.

All persons, firms, broker/dealers, financial institutions and advisors providing investment services or bond issue assistance shall disclose to the City Manager and the Treasurer all fee sharing, fee-splitting and commission arrangements with other entities or persons prior to the City agreeing to buy an investment or issue bonds.

7.0 AUTHORIZED FINANCIAL DEALERS AND INSTITUTIONS:

The City Treasurer shall select all security dealers and depositories subject to City Council approval. The City shall conduct its investment transactions with several competing, reputable security broker/dealers. These may include “primary” dealers or regional dealers that qualify under Securities & Exchange Commission Rule 15C3 -1 (uniform net capital rule). The selection process shall focus on financial viability, knowledge, experience, and ethics in the fixed -income securities industry. The City Treasurer will maintain a list and a written agreement with financial institutions authorized to provide investment services subject to City Council approval.

All financial institutions and broker/dealers who desire to become qualified bidders for investment transactions must supply the City Treasurer with the following: audited financial statements, proof of Financial Industry Regulatory Authority ( FINRA) or National Association of Securities Dealers ( NASD) certification, proof of state registration, completed broker/dealer questionnaire, and certification of having read the City's investment policy and depository contracts. The City Treasurer will conduct 88 Exhibit A – City of Chino Investment Policy

Page 5 ends

periodic reviews of the financial condition and registrations of qualified bidders.

8.0 AUTHORIZED AND SUITABLE INVESTMENTS:

Authorized and suitable investments shall mean and include only those securities listed in Figure 1, to the extent they are permitted by applicable federal and state law under Government Code Sections 53601 and 53601.6. While the state code authorizes a broader range of investment instruments, the City has further restricted the eligible types of securities and transactions. Accordingly, Figure 1 represents the City’s restricted list of allowable investment s, which may be mor e conservative than those permitted under State statute.

The Table of Notes for Figure 1 provides additional footnotes related to this figure.

(See Figure 1 on following pages)

89 Exhibit A – City of Chino Investment Policy

Page 6 ends

FIGURE 1

ALLOWABLE INVESTMENT INSTRUMENTS PER STATE GOVERNMENT
CODE (AS OF JANUARY 1, 2026)A APPLICABLE TO ALL LOCAL AGENCIESB See “Table of Notes for Figure 1” for footnotes related to this figure.

TYPE MAXIMUM

MATURITYC

MAXIMUM

SPECIFIED
% OF

PORTFOLIOD

MINIMUM

QUALITY

REQUIREMENTS
GOV'T
CODE

Negotiable Certificates of
Deposit
5 years 30%K None 53601(i)
Non-negotiable Certificates
of Deposit
5 years None None 53630 et seq.

90 Exhibit A – City of Chino Investment Policy

Page 7 ends

FIGURE 1 (continued)

ALLOWABLE INVESTMENT INSTRUMENTS (PER STATE GOVERNMENT
CODE AS OF JANUARY 1, 2026)A APPLICABLE TO CITY OF CHINOB See “Table of Notes for Figure 1” for footnotes related to this figure.

TYPE MAXIMUM

MATURITYC

MAXIMUM

SPECIFIED
% OF

PORTFOLIOD

MINIMUM

QUALITY

REQUIREMENTS
GOV'T
CODE

SECTIONS
Placement Service
Deposits 5 years 50%L None 53601.8 and
53635.8
Placement Service
Certificates of Deposit 5 years 50%L None 53601.8 and
53635.8

Medium-Term NotesO
5 years or
less 5%
“AA” rating
category or its
equivalent or
better
53601(k)
Mutual Funds And
Money Market
Mutual Funds
N/A 20%P MultipleQ, R
53601(l) and
53601.6(b)
Collateralized Bank
DepositsS 5 years None None
53630 et
seq. and
53601(n)

County Pooled
Investment
Funds
N/A None None 27133
Joint Powers Authority Pool N/A None MultipleU 53601(p) 91 Exhibit A – City of Chino Investment Policy

Page 8 ends

TABLE OF NOTES FOR FIGURE 1

A Sources: Sections 16340, 16429.1, 27133, 53601,
53601.6, 53601.8, 53630 et seq., 53635, 53635.8,
and 57603.

B Municipal Utilities Districts have the authority under the Public Utilities Code Section 12871 to invest in
certain securities not addressed here.

C Section 53601 provides that the maximum term of
any investment authorized under this section, unless
otherwise stated, is five years from the settlement
date. However, the legislative body may grant express
authority to make investments either specifically or
as a part of an investment program approved by the
legislative body that exceeds this five year remain -
ing maturity limit. Such approval must be issued no
less than three months prior to the purchase of any
security exceeding the five-year maturity limit.

D Percentages apply to all portfolio investments regard- less of source of funds. For instance, cash from a
reverse repurchase agreement would be subject to
the restrictions.

E No more than 30% of the agency’s money may be in
bankers’ acceptances of any one commercial bank.

F Applies to local agencies, other than counties or a
city and county, with less than $100 million of invest - ment assets under management. Includes agencies
defined as a city, a district, or other local agency that do not pool money in deposits or investment with
other local agencies, other than local agencies that
have the same governing body.

G Local agencies, other than counties or a city and
county, may purchase no more than 10% of the out-
standing commercial paper and medium -term notes
of any single issuer.

H Issuing corporation must be organized and operating
within the U.S., have assets in excess of $500 million, and debt other than commercial paper must be in a
rating category of "A" or its equivalent or higher by a na- tionally recognized statistical rating organization, or the issuing corporation must be organized within the U.S.
as a special purpose corporation, trust, or LLC, have
program wide credit enhancements, and have commer-
cial paper that is rated “A-1” or higher, or the equivalent, by a nationally recognized statistical rating organization.

I Applies to counties or a city and county, and the City of Los Angeles that have $100 million or more of
investment assets under management.

J Includes agencies defined as a county, a city and
county, or other local agency that pools money in
deposits or investments with other local agencies,
including local agencies that have the same govern-
ing body. Local agencies that pool exclusively with
other local agencies that have the same governing
body must adhere to the limits set forth in Section
53601(h)(2)(C).

K No more than 30% of the agency’s money may be in
negotiable certificates of deposit that are authorized
under Section 53601(i).

L Effective January 1, 2020, no more than 50% of
the agency’s money may be invested in deposits,
including certificates of deposit, through a place-
ment service as authorized under 53601.8 (excludes
negotiable certificates of deposit authorized under
Section 53601(i)). On January 1, 2026, the maximum
percentage of the portfolio reverts back to 30%. In -
vestments made pursuant to 53635.8 remain subject
to a maximum of 30% of the portfolio.

M Reverse repurchase agreements or securities lending
agreements may exceed the 92-day term if the agree-
ment includes a written codicil guaranteeing a mini-
mum earning or spread for the entire period between
the sale of a security using a reverse repurchase
agreement or securities lending agreement and the
final maturity dates of the same security.

N Reverse repurchase agreements must be made with
primary dealers of the Federal Reserve Bank of New
York or with a nationally or state chartered bank that
has a significant relationship with the local agency.

The local agency must have held the securities used
for the agreements for at least 30 days.

O “Medium-term notes” are defined in Section 53601 as
“all corporate and depository institution debt securities with a maximum remaining maturity of five years or
less, issued by corporations organized and operating
within the United States or by depository institutions
licensed by the United States or any state and operat-
ing within the United States.”
P No more than 10% invested in any one mutual fund.

This limitation does not apply to money market
mutual funds.

Q A mutual fund must receive the highest ranking by not less than two nationally recognized rating agencies
or the fund must retain an investment advisor who is
registered with the SEC (or exempt from registration),
has assets under management in excess of $500 mil-
lion, and has at least five years' experience investing in instruments authorized by Sections 53601 and 53635.

R A money market mutual fund must receive the highest
ranking by not less than two nationally recognized
statistical rating organizations or retain an investment advisor registered with the SEC or exempt from reg -
istration and who has not less than five years' experi- ence investing in money market instruments with
assets under management in excess of $500 million.

S Investments in notes, bonds, or other obligations
under Section 53601(n) require that collateral be
placed into the custody of a trust company or the trust department of a bank that is not affiliated with the
issuer of the secured obligation, among other specific
collateral requirements.

T Security types authorized under Section 53601(o)
that are issued or guaranteed by an issuer identified
in subdivisions (b) or (f), are not subject to the limita- tions placed on privately issued securities authorized
in Section 53601(o)(2)(A)(B).

U A joint powers authority pool must retain an invest-
ment advisor who is registered with the SEC (or
exempt from registration), has assets under manage -
ment in excess of $500 million, and has at least five
years' experience investing in instruments authorized
by Section 53601, subdivisions (a) to (o).

V Local entities can deposit between $200 million and
$10 billion into the Voluntary Investment Program
Fund, upon approval by their governing bodies.

Deposits in the fund will be invested in the Pooled
Money Investment Account.

W Only those obligations issued or unconditionally
guaranteed by the International Bank for Reconstruc -
tion and Development (IBRD), International Finance
Corporation (IFC), and Inter-American Development
Bank (IADB), with a maximum remaining maturity of
five years or less.
92 Exhibit A – City of Chino Investment Policy

Page 9 ends

9.0 REVIEW OF INVESTMENT PORTFOLIO:

The securities held by the City must be in compliance with Section 8.0 Authorized and Suitable Investments at the time of purchase. Because some securities may not comply with Section 8.0 Authorized and Suitable Investments after the date of purchase, the city should at least quarterly review the portfolio to identify those securities that do not comply. The city will report to the council and its committee any major and critical incidences of noncompliance identified as soon as possible for possible action.

10.0 INVESTMENT POOLS/MUTUAL FUNDS:

A thorough investigation of the pool/fund is required prior to investing, and on a continual basis. Best efforts will be made to acquire the following information:

1. A description of eligible investment securities, and a written statement of investment policy and objectives.

2. A description of interest calculations and how it is distributed, and how gains and losses are treated.

3. A description of how the securities are safeguarded (including the settlement processes), and how often the securities are priced and the program audited.

4. A description of who may invest in the program, how often , and what size deposit and withdrawal are allowed.

5. A schedule for receiving statements and portfolio listings.

6. Are reserves, retained earnings, etc. utilized by the pool/funds?

7. A fee schedule, and when and how is it assessed.

8. Is the pool/fund eligible for bond proceeds and/or will it accept such proceeds?

11.0 COLLATERALIZATION:
93 Exhibit A – City of Chino Investment Policy

Page 10 ends

All demand deposits and time deposits are to be fully collateralized with securities authorized by the California Government Code and the City. The eligible collateral for repurchase agreements must be those investments authorized by Section 53651 of the California Government Code. The Treasurer may specify the type of eligible collateral for use in repurchase agreements. Eligible collateral must be in book entry form.

Collateral is valued at current market plus accrued interest through the date of valuation to anticipate market changes and provide a level of security for all funds.

 The cost value (book value) of collateral pledged for demand deposits must always be equal to or greater than the amount on deposit, plus accrued interest, in accordance with the following ratio:

U.S. Treasury Securities 110%

It is the policy of the City to require reports at least on a quarterly basis from institutions with which the Treasurer has pledged security interest. The Treasurer shall monitor the adequacy of collateralization to ensure that balances are collateralized in accordance with the ratios approved herein.

Collateralized investments and deposits often require substitution of collateral. Any broker or financial institution requesting substitution must contact the City through the City Treasurer, for approval in the event the counterparty to the transaction is not authorized under agreement with the City to make substitutions.

12.0 SAFEKEEPING AND CUSTODY:

All security transactions, entered into by the City of Chino should be conducted on a deliveryversuspayment (DVP) basis. Securities will be held by a third -party custodian designated by the Treasurer and evidenced by safekeeping receipts.

13.0 DIVERSIFICATION OF INVESTMENTS:

94 Exhibit A – City of Chino Investment Policy

Page 11 ends

The City shall diversify the investments within the portfolio to avoid incurring unreasonable risks inherent in over -investing in specific instruments, individual financial institutions, or maturities. To promote diversification, no more than 5% of the portfolio may be invested in the securities of any one issuer, regardless of security type, excluding U.S. Treasuries, federal agencies, and pooled investments such as LAIF, the money market funds, or any other local government investment pool authorized under California Government Code.

14.0 MAXIMUM MATURITIES

To the extent possible, the City will attempt to provide sufficient liquidity to meet cash flow needs for the City's expenditure requirements for a minimum of the next six months. The City will not directly invest in securities maturing more than 5 years from the date of settlement. Forward settlement on new issues is 45 days from the time of investment.

15.0 INTERNAL CONTROLS

The Treasurer is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the City of Chino are protected from loss, theft, fraud or misuse. Accordingly, the Treasurer shall establish an annual process of independent review by an external auditor. This review will provide internal control by assuring compliance with policies and procedures.

16.0 PERFORMANCE STANDARDS

The investment portfolio shall be designed with the objective of obtaining a reasonable rate of return throughout budgetary and economic cycles, commensurate with the risk constraints and cash flow needs. The City's investment strategy is a laddered , buy- and-hold strategy approach designed to provide consistent passive income while maintaining safety and liquidity.

The City shall regular ly review and monitor liquid funds, and when appropriate, reallocate them among authorized investment pool option s to ensure continued alignment with the City’s investment objectives.

95 Exhibit A – City of Chino Investment Policy

Page 12 ends

The performance of the portfolio will be measured against the twelve-month moving average of the 2 -year U .S. Treasury rate. This benchmark is intended solely as a performance reference and shall not be used in a manner that encourages or results in the City assuming additional risk or compromising the primary objective of safety.

The City recognizes that appropriate benchmarks may change over time based on market conditions or portfolio characteristics.

17.0 REPORTING

The City Treasurer shall provide the City Council with monthly reports about the City's investments and shall deliver via email to the Mayor and each City Council Member within 45 days after the end of the month..

The City Treasurer’s report shall include at a minimum the following information:
 Investment type (e.g. U.S. Treasury Note, U.S. Government Agency Bond)  Name of the issuer (e.g. Federal Farm Credit Bank, Federal Home Loan Bank)  Maturity date
 Yield to maturity
 Current market value and source of market value
 Par and dollar amount for each security the City has invested in  Par and dollar amount on any money held by the City (e.g. LAIF balance, Cash Balance).

The report shall also include a description of any of the City’s funds, investments, or programs, that are under the management of contracted parties, including lending programs, if applicable.

The report shall state compliance of the portfolio with the investment policy, or manner in which the portfolio is not in compliance.

The report shall include a statement denoting the ability of the City to meet its expenditure requirements for the next six months or provide an explanation as to why sufficient money shall (or may not) be available.

18.0 INVESTMENT POLICY ADOPTION
The City's investment policy shall be adopted annually by resolution by the City Council. The policy shall be reviewed annually by the City Treasurer and the City Council and any modifications made thereto shall be approved by the City Council.

19.0 GLOSSARY

AGENCIES -Agencies of the Federal government set up to supply credit to various classes of institutions (e.g., S&L's, small business firms, students, farmers, housing 96 Exhibit A – City of Chino Investment Policy

Page 13 ends

agencies, etc.) Examples include Federal Home Loan Mortgage Corporation (FHLMC), Federal National Mortgage Association (FNMA), Federal Home Loan Bank (FHLB) and Federal Farm Credit Bank (FFCB).

BANKERS' ACCEPTANCE (BA)-A draft or bill of exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill as well as the issuer.

BENCHMARK - A comparative base for measuring the performance or risk tolerance of the investment portfolio. A benchmark should represent a close correlation to the level of risk and the average duration of the portfolio’s investments.

BOOK VALUE (COST VALUE) - The purchase price of the security as recorded in the City's books.

BROKER/DEALER - An individual or firm acting as principal in a securities transaction.

CALIFORNIA ASSET MANAGEMENT PROGRAM (CAMP) - a California Joint Powers Authority (JPA) established in 1989 to provide California public agencies with professional investment services.

CALLABLES - Securities that the issuer has the right to redeem prior to maturity.

CERTIFICATE OF DEPOSIT (CD) - A time deposit with a specific maturity evidenced by a certificate. Large denomination CD's are typically negotiable.

COLLATERAL - Securities, evidence of deposit or other property which a borrower pledges to secure repayment of a loan. Also refers to securities pledged by a bank to secure deposits of public monies.

CORPORATE MEDIUM TERM NOTE - A security issued by a corporation doing business in the U.S. with a maturity not to exceed five years.

COST VALUE (BOOK VALUE) - The purchase price of the security as recorded in the City's books.

DELIVERY VS. PAYMENT - Delivery of securities with a simultaneous exchange 97 Exhibit A – City of Chino Investment Policy

Page 14 ends

of money.

DIVERSIFICATION - Dividing investment funds among a variety of securities offering independent returns.

FINANCIAL ADVISOR-A firm or bank that acts in a financial advisory capacity with respect to a new issue of municipal securities pursuant to a written contract.

INTERNAL RATE OF RETURN - Rate of return over the life of a security on variables.

LOCAL AGENCY INVESTMENT FUND (LAIF) - The aggregate of all funds from political subdivisions that are placed in the custody of the State Treasurer for investment and reinvestment.

MARKET VALUE-The price at which a security is trading, usually the liquidation value.

MONEY MARKET MUTUAL FUNDS - Open-ended mutual fund that invests in commercial paper, banker's acceptances, repurchase agreements, government securities, certificates of deposit and other highly liquid and safe securities, and pays money market rates of interest. The fund's net asset value remains a constant $1 share, with the interest rate increasing or decreasing.

NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATION
(NRSRO) - A rating organization designated by the SEC as being nationally recognized. Credit ratings shall be based on the highest rating issued by a Nationally Recognized Statistical Rating Organization (NRSRO).

OFFER PRICE - The price at which a broker/dealer will offer securities to an investor.

OPEN MARKET OPERATIONS - Federal Reserve activity. Under the Federal Reserve Act, the Fed uses purchases and sales of Government and Federal Agency securities to add to or subtract from commercial bank reserves. Goals are to sustain economic growth, high employment and reasonable price stability.

PAPER GAIN OR LOSS Term used for unrealized gain or loss on securities being 98 Exhibit A – City of Chino Investment Policy

Page 15 ends

held in a portfolio based on comparison of current market quotes and their original cost. This situation exists as long as the security is held while there is a difference between cost value (book value) and the market value.

PORTFOLIO - Collection of securities held by an investor.

PRIMARY DEALER - A group of government securities dealers that serve as trading counterparties of the New York Fed in its implementation of monetary policy.

This role includes the obligations to: (i) participate consistently in open market operations to carry out U.S. monetary policy pursuant to the direction of the Federal Open Market Committee (FOMC); and, (ii) provide the New York Fed's trading desk with market information and analysis helpful in the formulation and implementation of monetary policy. Primary dealers are also required to participate in all auctions of U.S. government debt and to make reasonable markets for the New York Fed when it transacts on behalf of its foreign official account holders.

RATE OF RETURN - The yield obtainable on a security based, on its purchase price or its current market price. This may be the amortized yield to maturity; on a bond, the current income return.

SAFEKEEPING - The service provided by banks and trust companies for clients when the bank or trust company stores the securities, takes in coupon payments, and redeems issues at maturity.

SECURITIES & EXCHANGE COMMISSION (SEC) - Agency created by Congress to protect investors in securities transactions by administering securities legislation.

SEC RULE 15(C)3 -1- See Uniform Net Capital Rule.
99 Exhibit A – City of Chino Investment Policy

Page 1 ends

CITY OF CHINO

STATEMENT OF INVESTMENT POLICY
ADOPTED FEBRUARY 3, 202 6

1.0 POLICY

2.0 SCOPE

The Policy applies to the following funds and is accounted for in the City's annual audited financial statements.

3.0 STANDARDS OF PRUDENCE

Exhibit A – City of Chino Investment Policy

Page 2 ends

4.0 INVESTMENT OBJECTIVES

When investing, reinvesting, purchasing, acquiring, exchanging, selling, and managing public funds, the primary objective of the City Treasurer or Deputy City Treasurer shall be to safeguard the principal of the funds under its control. The secondary objective shall be to meet the liquidity needs of the Cit y. The third objective shall be to achieve a market average rate of return consistent with the primary objectives of safety and liquidity, throughout budgetary and economic cycles. At no time should safety or liquidity be compromised in exchange for higher yields.

1. Safety - The preservation of invested capital (principal) is of primary importance.

101

Exhibit A – City of Chino Investment Policy

Page 3 ends

5.0 DELEGATION OF AUTHORITY

Management responsibility for the investment of City funds is vested in the City Treasurer who shall prepare written procedures for the operation of the investment program and safekeeping of investment instruments consistent with this investment policy. The written procedures may provide for the delegation of authority to a designee or Deputy City Treasurer who, upon assuming such office, shall become responsible for investment transactions. No person may engage in an investment decision except as permitted by this policy and by the procedures promulgated by the City Treasurer.

Prior to implementing such procedures, the City Treasurer shall submit them to the City Council for approval.

6.0 ETHICS AND CONFLICTS OF INTEREST

Exhibit A – City of Chino Investment Policy

Page 4 ends

officials and employees shall disclose to the City Manager any material interests in financial institutions that conduct business with the City, and they shall further disclose any personal investment position or financial asset that could be related to the performance of the City's investment program. Elected officials and employees shall subordinate their personal investment transactions to those of the City particularly with regard to the time of purchases and sales. Any firm proposing to provide any type of investment service to the City shall acknowledge their familiarity with the provisions of the Political Reform Act, Government Code Section 81000 et seq. and CA Code of Regulations 18110 et seq. and the provisions limiting contractual conflicts of interest under Government Code Section 1090 et seq.

7.0 AUTHORIZED FINANCIAL DEALERS AND INSTITUTIONS

Exhibit A – City of Chino Investment Policy

Page 5 ends

the City's investment policy and depository contracts. The City Treasurer will conduct periodic reviews of the financial condition and registrations of qualified bidders.

8.0 AUTHORIZED AND SUITABLE INVESTMENTS

Authorized and suitable investments shall mean and include only those securities listed in Figure 1, to the extent they are permitted by applicable federal and state law under Government Code Sections 53601 and 53601.6. While the state code authorizes a broader range of investment instruments, t he City has further restricted the eligible types of securities and transactions. Accordingly, Figure 1 represents the City’s restricted list of allowable investments, which may be more conservative than those permitted under State statute.

The Table of Notes for Figure 1 provides additional footnotes related to this figure.

(See Figure 1 on following pages)

104

Exhibit A – City of Chino Investment Policy

Page 6 ends

FIGURE 1

ALLOWABLE INVESTMENT INSTRUMENTS PER STATE GOVERNMENT
CODE (AS OF JANUARY 1, 2026)A APPLICABLE TO CITY OF CHINOB See “Table of Notes for Figure 1” for footnotes related to this figure.

TYPE MAXIMUM

MATURITYC

MAXIMUM

SPECIFIED
% OF

PORTFOLIOD

MINIMUM

QUALITY

REQUIREMENTS
GOV'T
CODE

SECTIONS
Local Agency Bonds 5 years None None 53601(a)
U.S. Treasury Obligations 5 years None None 53601(b)
State
Obligations—
CA And Others
5 years None None
53601(c)
53601(d)
CA Local Agency
Obligations
5 years None None 53601(e)
U.S Agency Obligations 5 years None None 53601(f)
Negotiable Certificates of
Deposit
5 years 30%K None 53601(i)
Non-negotiable Certificates
of Deposit
5 years None None 53630 et seq.

Placement Service
Deposits 5 years 50%L None 53601.8 and
53635.8
Placement Service
Certificates of Deposit 5 years 50%L None 53601.8 and
53635.8
Medium-Term NotesO

5 years or
less
5%
“AA” rating
category or its
equivalent or better
53601(k)
Mutual Funds And
Money Market
Mutual Funds
N/A 20%P MultipleQ, R
53601(l) and
53601.6(b)
Collateralized Bank
DepositsS 5 years None None 53630 et seq.
and 53601(n)
County Pooled
Investment
Funds
N/A None None 27133
Joint Powers Authority Pool N/A None MultipleU 53601(p) 105