Agenda packet — Clayton City Council, October 20, 2026

CLAYTON CITY COUNCIL

REGULAR MEETING AGENDA
TUESDAY, OCTOBER 20, 2026
7:00 PM
Hoyer Hall, Clayton Community Library
6125 Clayton Road, Clayton, CA 94517
Members of the public may participate virtually in the Clayton City Council meeting and provide public comment, please join via Zoom.

At the time and date of the meeting, please click this URL to join the webinar:
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Dial 669-900-9128 to join by phone
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Jeff Wan, Mayor
Richard Enea, Vice Mayor
Holly Tillman, Councilmember
Jim Diaz, Councilmember
Kim Trupiano, Councilmember

1. CALL TO ORDER AND ROLL CALL

2. PLEDGE OF ALLEGIANCE

3. PUBLIC COMMENT ON NON-AGENDA ITEMS
Members of the public may address the City Council on non-agendized items within the Council’s jurisdiction. To ensure an orderly meeting and an equal opportunity for everyone, each speaker is limited to three (3) minutes, or the time established by the Mayor. In accordance with State Law, no action may take place on any item not appearing on the posted agenda. The Council may respond to statements made or questions asked or may at its discretion request staff to report back at a future meeting concerning the matter.

Public comment and input on other agenda items will be allowed when each item is considered by the Council.

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(b) Receive and File Investment Reporting Catch-up for Quarters Ending December 31, 2023 through June 30, 2026
Recommendation: 1) Receive and File a Catch-up Report for December 31, 2023 through June 30, 2026, 2) Acknowledge that the portfolio did not fully comply with the Investment Policy for the five quarter ends from December 31, 2023 through December 31, 2024, and that the measurable investment limits were met beginning March 31, 2025, and 3) Direct staff to resume quarterly investment reporting and retain the forecasts, statements and review records required by the Investment Policy. (c) Receive and File Quarterly Investment Report for the Quarter Ended September 30, 2026 Recommendation: Receive and file.

5. RECOGNITIONS AND PRESENTATIONS
(a) Presentation of Checks to the Parent Faculty Clubs for Mt. Diablo Elementary School and Diablo View Middle School
(b) Certificates of Recognition to Public School Students for Exemplifying the Do the Right Thing Character Trait of "Responsibility"
(c) Presentation and Update by Supervisor Ken Carlson

6. REPORTS
(a) City Manager's Report
(b) City Council/Committees Reports

7. PUBLIC HEARINGS

8. ACTION ITEMS

9. CLOSED SESSION
(a) Public Employee Performance Evaluation (Gov. Code 54957) Title: City Manager

10. ADJOURNMENT
The next regularly scheduled meeting will be November 17, 2026. For meeting information and materials, please visit the City’s website.

Meeting Information and Access
• A complete packet of information containing staff reports and exhibits related to each public item is available for public review in City Hall located at 6000 Heritage Trail and on the City’s website. • Agendas are posted at: 1) City Hall, 6000 Heritage Trail; 2) Library, 6125 Clayton Road; 3) Ohm’s Bulletin Board, 1028 Diablo Street, Clayton; and 4) City’s website. • Any writings or documents provided to a majority of the City Council after distribution of the agenda packet and regarding any public item on this agenda will be made available for public inspection in the City Clerk’s office located at 6000 Heritage Trail during normal business hours and is available for review on the City’s website.
• If you have a physical impairment requiring special accommodation to participate, please call the City Clerk’s office at least 72 hours (about 3 days) before the meeting at (925) 673-7300. • E-mail Public Comments: Public comment may also be sent to the City Clerk by 12:00 p.m. on the day of the meeting. All e-mailed public comments will be forwarded to the entire committee

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and made part of the official meeting file.
• The City cannot guarantee that the public's access to teleconferencing technology will be uninterrupted, and technical difficulties may occur time to time. In the event of these difficulties, the City will comply with the Brown Act and its Disruption Policy, which may mean public meetings will continue despite technical difficulties for participants using the teleconferencing option.
• Each person attending the meeting who wishes to speak on an agendized or non-agendized matter (within the council’s jurisdiction), shall have a set amount of time to speak as determined by the Mayor.

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CLAYTON CITY COUNCIL

REGULAR MEETING MINUTES
TUESDAY, OCTOBER 6, 2026
7:00 PM

1. CALL TO ORDER AND ROLL CALL
The meeting was called to order at 7:00 p.m. by Mayor Wan held in-person and broadcast from Hoyer Hall, Clayton Community Library, 6125 Clayton Road, Clayton, California. Councilmembers present: Trupiano, Tillman, Diaz, Vice Mayor Enea and Mayor Wan. Staff present: City Manager Kris Lofthus, Administrative Services Director Dennis Bozanich and City Clerk Melissa Rhodes

2. PLEDGE OF ALLEGIANCE

Public comment and input on other agenda items will be allowed when each item is considered by the Council.

Keith Haydon spoke on the Peacock Creek Townhome Project appeal and questioned the status.

Larry McNeil discussed an unwanted letter from Clayton Watch, criticized its attack on Amy Callaghan’s educational background and questioned the group’s quality control.

City Council candidate Amy Callaghan announced her candidacy, highlighted the Clayton community’s efforts to find her lost dog, discussed city landscape maintenance and expressed support for Measures M and N.

City Council Candidate Charles "Charlie" Schmidt announced his candidacy for the Clayton City Council and spoke about the qualities of leadership.

City Council candidate Kim Trupiano announced her candidacy for reelection and

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addressed facts surrounding criticism of Concerts in the Grove.

4. CONSENT CALENDAR
The Consent Calendar includes routine items that are to be enacted by one motion. There will be no separate discussion of these items. If discussion is requested, the item will be removed from the Consent Calendar and considered separately.
(a) Approve September 15, 2026 Minutes
(b) Adoption of Resolution No. 39-2026 Approving the City's Amended Conflict of Interest Code
Recommendation: Adopt the resolution.
(c) Authorize the City Manager to Execute a Professional Services Agreement with CSG Consultants, Inc. for development review services for the Pine Hollow Estates subdivision
Recommendation: Authorize the City Manager to execute a professional services agreement with CSG Consultants, Inc. for development review services for the Pine Hollow Estates subdivision, in a not-to-exceed amount of $20,000, effective through February 28, 2027.

Councilmember Diaz made a motion to approve the Consent Calendar, with Councilmember Trupiano seconding. The motion carried 5-0.

5. RECOGNITIONS AND PRESENTATIONS
(a) General Update on Save Mt. Diablo
Save Mount Diablo Executive Director Ted Clement presented a PowerPoint presentation.

6. REPORTS
(a) City Manager's Report
City Manager Kris Lofthus announced Town Hall #2 on Wednesday, October 7, 2026, at 6:00 p.m. and the Candidate Briefing on Thursday, October 8, 2026, at 6:00 p.m., both at Hoyer Hall, 6125 Clayton Road, Clayton, CA 94517, noted that Clayton Police Department pink patches are available for sale to support cancer awareness, and thanked Councilmember Tillman for addressing various issues requiring attention throughout the city.
(b) City Council/Committees Reports
Councilmember Diaz provided additional information to his council report:

October 1, 2026: Appointed to a three-year term at the East Bay Regional Communications System Authority (EBRCA)
October 2, 2026: Appointed as Clayton's representative to the Chair of the Operations

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and Scheduling Committee for Contra Costa County Connection Councilmember Trupiano provided additional information to her council report:

October 1, 2026: Attended the Mayors' Conference in Lafayette Councilmember Tillman announced her election as President of the East Bay Division of the California League of Cities

7. PUBLIC HEARINGS
None.

8. ACTION ITEMS
None.

9. ADJOURNMENT
The next regularly scheduled meeting will be October 20, 2026. For meeting information and materials, please visit the City’s website.

Mayor Wan adjourned the meeting at 7:47 p.m.

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Agenda Item: 4.b

STAFF REPORT
TO: HONORABLE MAYOR AND COUNCIL MEMBERS
FROM: Dennis Bozanich, Administrative Services Director DATE: October 20, 2026
SUBJECT: Receive and File Investment Reporting Catch-up for Quarters Ending December 31, 2023 through June 30, 2026
Recommendation: 1) Receive and File a Catch-up Report for December 31, 2023 through June 30, 2026, 2) Acknowledge that the portfolio did not fully comply with the Investment Policy for the five quarter ends from December 31, 2023 through December 31, 2024, and that the measurable investment limits were met beginning March 31, 2025, and 3) Direct staff to resume quarterly investment reporting and retain the forecasts, statements and review records required by the Investment Policy.

BACKGROUND
Section XIII of the City's Investment Policy requires quarterly reports to the City Council. The last completed report covered the quarter ended September 30, 2023. This report brings the reporting current by presenting eleven quarter-end reports from December 31, 2023 through June 30, 2026. A separate item on the October 20, 2026 agenda provides the Investment Report for the quarter ending September 30, 2026. The intent of separating out the latest quarter is to provide the Council and public with an example of how these reports will look going forward. The two items on the agenda bring the Investment Report requirement current.

Each quarterly report must identify the investments held, the institution, maturity date, original cost or deposit amount, market value and interest rate. The report must also address average maturity, current economic conditions, compliance with the Investment Policy and the City's ability to meet six months of anticipated expenditures. The policy also requires review by the Finance Director, City Manager and City Treasurer, followed by a Budget and Audit Committee.

This Investment Report is compliant with the required reviews. Attachment C includes the review acknowledgment.

The City places its cash and reserve funds in four entities:
• Union Bank of Switzerland (UBS) Financial Services, a broker dealer for the City's portfolio of US Treasury securities,
• California Asset Management Program (CAMP), a California Joint Powers Authority (JPA) established in 19189 to provide California public agencies with professional investment services;

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• Local Agency Investment Fund (LAIF), a voluntary program created in 1977 as an investment alternative for California's local governments and special districts managed by the State Treasurers Office, and
• Bank of America, a commercial bank which provides the City's checking account services.

ANALYSIS
As of June 30, 2026, the City held $15,893,594.35 in cash and investments, including $14,108,894.64 in accounts covered by the Investment Policy and $1,784,699.71 in the Bank of America operating account. The policy portfolio's average maturity was approximately 10.4 months, well below the 30-month limit. The table below summarizes the eleven quarters.

Forecast methodology. The forecast column estimates external pooled-cash spending during the six months after each quarter end. The first two forecasts use the prior six months of spending, and later forecasts generally use the same six-month period from the prior year. The June 2026 forecast uses one-half of the FY 2026-27 cash-related budget. These forecasts are compared with liquid resources and anticipated receipts to determine whether the City could meet six months of expenditures. Actual spending is shown separately as a later check and was not used to prepare the forecast.

Investment Earnings
To make the results easier to understand, this report separates investment earnings into four parts. Gross interest and dividends are the amounts earned from UBS, CAMP and LAIF.

Management fees are the amounts charged by UBS. Realized gains or losses occur when investments are sold for more or less than their recorded cost. Net investment earnings equal gross interest and dividends, minus management fees, plus realized gains or losses. Unrealized changes in market value are not included.

Quarter End Gross Interest
and Dividends
Management
Fees
Realized
Gain or (Loss)
Net Investment
Earnings
12/31/2023 $31,840.28* $0.00 $2,355.27 $34,195.55*
03/31/2024 $93,934.74 $0.00 $0.00 $93,934.74
06/30/2024 $109,833.89 $0.00 $3,490.80 $113,324.69
09/30/2024 $96,410.60 $0.00 $1,378.80 $97,789.40
12/31/2024 $99,430.07 $0.00 $1,153.20 $100,583.27

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03/31/2025 $23,491.11 $4,140.83 ($142,222.82) ($122,872.54) 06/30/2025 $163,447.68 $9,245.50 ($3,135.91) $151,066.27 09/30/2025 $141,062.73 $9,468.26 ($1,117.96) $130,476.51 12/31/2025 $143,101.96 $9,580.52 ($721.92) $132,799.52
03/31/2026 $120,451.95 $8,409.22 ($5,316.54) $106,726.19 06/30/2026 $139,505.82 $10,282.77 $13,863.99 $143,087.04 Ten Complete
Quarters
$1,130,670.55 $51,127.10 ($132,628.36) $946,915.09
*December 2023 includes December activity only & is excluded from the ten-complete-quarter total.

Across the ten complete quarters, gross interest and dividends totaled $1,130,670.55, management fees totaled $51,127.10, and net realized losses totaled $132,628.36, resulting in net investment earnings of $946,915.09. The March 2025 quarter produced a net loss because a $142,222.82 realized loss exceeded that quarter's interest earnings.

Staff compared these statement-based calculations with the finance-system interest account.

The account was used as a reconciliation check rather than the sole source, because some journal entries combine interest, realized gains or losses, management fees and manual adjustments. Future quarterly reports will record or map these components separately so the investment statements and general ledger can be reconciled directly.

Weighted—Average Maturity
The Investment Policy limits the portfolio's weighted-average maturity, or WAM, to 30 months.

WAM measures how long, on average, the City's investments will remain invested before repayment. The portfolio ranged from approximately 9 to 17 months during the reporting period and met the policy limit in every quarter. The supporting schedules provide the complete calculation.

Investment Policy Compliance from December 2023 to June 2026 The portfolio did not fully comply with the Investment Policy for the five quarter ends from December 31, 2023 through December 31, 2024. Certificates of deposit and credit-union share certificates represented between 57.6% and 62.1% of the policy portfolio, exceeding the 30% limit. No single certificate issuer exceeded the separate 5% limit.

Two certificates purchased in June 2024 also had original terms longer than the policy's fouryear maximum. Government money-market balances appeared in December 2023 and December 2024, but the available records did not include a policy provision or Council resolution authorizing those balances. Beginning March 31, 2025, the portfolio shown in the available statements consisted of U.S. Treasury securities and cash, and the measurable investment limits were met through June 30, 2026.

Six-Month Cash Availability
For each quarter, the report compares cash, pooled investments, investments maturing within six months and anticipated receipts with forecast spending. Projected resources were sufficient to meet forecast spending in all eleven quarters.

At June 30, 2026, the City was projected to have $7,886,102.03 available during the following

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six months, compared with forecast spending of $7,269,117.00. The resulting projected cushion was $616,985.03. The detailed calculation is included in the attachment.

As a reasonableness check, each reconstructed forecast was compared with the City's actual cash spending during the following six months. Nine comparisons are complete. The March 31, 2026 comparison currently includes April through June 2026, and the June 30, 2026 comparison will require cash transactions from July through December 2026. These later actual expenditures do not change the forecast that could reasonably have been prepared at each quarter end.

Interest Rates and Economic Conditions
Short-term interest rates were relatively high at the beginning of the reporting period. The Federal Reserve maintained its target range at 5.25% to 5.50% through June 2024 and began reducing rates in September 2024. By December 2025, the target range had declined to 3.50% to 3.75%, where it remained through June 2026. Inflation declined unevenly but remained elevated, while employment conditions gradually softened. Attachment A provides a brief description of economic conditions for each quarter.

FISCAL IMPACT
Receiving and filing this report has no direct fiscal impact, and no additional appropriation is requested. Staff time will be required each quarter to prepare the investment report, update the six-month cash forecast and retain the supporting statements and review records.

CONCLUSION
Based on the available records, the City had sufficient projected resources to meet six months of forecast spending in all eleven quarters, and the portfolio met the policy's average-maturity limit in every quarter. The portfolio did not fully comply for five quarters ending from December 31, 2023 through December 31, 2024. The measurable investment limits were met beginning March 31, 2025. Resuming quarterly reporting will provide the City Council and the public with a regular record of investment performance, liquidity and policy compliance.

ATTACHMENTS

1. Attachment - Clayton Investment Report Catch Up Through 2026-06-30

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CITY OF CLAYTON | INVESTMENT REPORTING CATCH-UP

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Attachment A - Detailed Quarterly Investment Schedules
Current market values are the statement amounts. UBS accrued interest is shown separately and allocated pro rata among UBS fixed-income securities only for the WAM calculation.

Quarter Ended December 31, 2023
Quarter result: Policy portfolio $13,749,294.99; WAM 513.1 days (1.41 years); NCD/share certificates 57.9%. Not fully compliant: NCD/sharecertificate concentration 57.9% exceeds the 30% limit; authorization for the UBS government money market fund was not documented.

Six-month liquidity: Liquid resources $4,363,895.18; reconstructed receipts $3,998,084.41; reconstructed expenditures $5,690,727.53; coverage 1.47x. Sufficient based on reconstructed cash flow.

Actual validation: Following-six-month expenditures $5,006,267.33; variance $-684,460.20 (-12.0%) compared with the reconstruction.

Economic climate: Growth had slowed from the strong third quarter. Job gains moderated but remained strong, unemployment stayed low, and inflation eased but remained elevated. The Federal Reserve held the target range at 5.25%–5.50%.

Federal Reserve source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20231213a.htm Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment CAMP
Government investment
pool
California Asset
Management Program
— Daily liquidity $2,069,061.47 $2,069,061.47 Not
available
Authorized—§VII government
investment pool
LAIF State investment pool
California State Treasurer — One-day notice $30,660.35 $30,660.35 3.929% Authorized—§VII.A Operating checking
account
Demand deposit /
operating cash
Bank of America, N.A.
— Demand $422,205.98 $422,205.98 0.000%
Operating cash; excluded from
investment-limit and WAM
denominator
Cash and sweep
balances
Cash / bank sweep
UBS Financial Services Inc. — Demand $21,191.75 $21,191.75 Not available Cash balance

CITY & CNTY CREDIT
MN US
Negotiable CD / share
certificate

CITY & CNTY CREDIT MN
US
177517AB5 02/26/2024 $115,000.00 $114,640.05 3.250% Subject to §VII NCD limits

WELLS FARGO BK NA
SD US
Negotiable CD / share
certificate

WELLS FARGO BK NA SD
US
949763A48 05/03/2024 $197,000.00 $195,349.14 2.750% Subject to §VII NCD limits

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CITY OF CLAYTON | INVESTMENT REPORTING CATCH-UP

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

BMW BANK NORTH

AME UT US
Negotiable CD / share
certificate

BMW BANK NORTH AME
UT US
05580AZW7 06/11/2024 $198,000.00 $193,715.28 0.250% Subject to §VII NCD limits

OKLAHOMA FED CREDI
OK US
Negotiable CD / share
certificate

OKLAHOMA FED CREDI
OK US
67886WAJ6 06/14/2024 $100,000.00 $100,279.00 5.700% Subject to §VII NCD limits

BMO HARRIS BK NA IL
US
Negotiable CD / share
certificate

BMO HARRIS BK NA IL US
05600XAN0 07/29/2024 $250,000.00 $243,367.50 0.550% Subject to §VII NCD limits

UBS BANK UT US
Negotiable CD / share
certificate

UBS BANK UT US
90348JR85 08/12/2024 $250,000.00 $243,085.00 0.550% Subject to §VII NCD limits

TOYOTA FINL SVGS B
NV US
Negotiable CD / share
certificate

TOYOTA FINL SVGS B NV
US
89235MLG4 08/12/2024 $250,000.00 $243,182.50 0.600% Subject to §VII NCD limits

FREEDOM FIRST FED
VA US
Negotiable CD / share
certificate

FREEDOM FIRST FED VA
US
35638CAG4 10/28/2024 $250,000.00 $249,522.50 4.900% Subject to §VII NCD limits

AMERICAN EXP NATL
UT US
Negotiable CD / share
certificate

AMERICAN EXP NATL UT
US
02589AEA6 11/04/2024 $174,000.00 $173,354.46 4.650% Subject to §VII NCD limits

BLUPEAK CREDIT UNI
CA US
Negotiable CD / share
certificate

BLUPEAK CREDIT UNI CA
US
09644EAR3 11/20/2024 $250,000.00 $251,277.50 5.750% Subject to §VII NCD limits

TEXAS EXCHANGE BK
TX US
Negotiable CD / share
certificate

TEXAS EXCHANGE BK TX
US
88241TJG6 12/11/2024 $198,000.00 $189,470.16 0.500% Subject to §VII NCD limits

TECHNOLOGY CREDIT
CA US
Negotiable CD / share
certificate

TECHNOLOGY CREDIT CA
US
87868YAG8 01/21/2025 $248,000.00 $247,680.08 5.000% Subject to §VII NCD limits

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CITY OF CLAYTON | INVESTMENT REPORTING CATCH-UP

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

MOUNTAIN AMERICA C
UT US
Negotiable CD / share
certificate

MOUNTAIN AMERICA C
UT US
62384RAK2 02/28/2025 $250,000.00 $245,290.00 3.450% Subject to §VII NCD limits

CPTL ONE NATL ASSN
VA US
Negotiable CD / share
certificate

CPTL ONE NATL ASSN VA
US
14042RPW5 04/22/2025 $259,817.50 $238,675.00 1.450% Subject to §VII NCD limits

MORGAN STANLEY PRV
NY US
Negotiable CD / share
certificate

MORGAN STANLEY PRV
NY US
61768ESN4 04/28/2025 $236,000.00 $234,973.40 4.700% Subject to §VII NCD limits

FLAGSTAR BANK, FSB
MI US
Negotiable CD / share
certificate

FLAGSTAR BANK, FSB MI
US
33847E3D7 04/29/2025 $250,000.00 $237,585.00 1.150% Subject to §VII NCD limits

DELTA NATL B&T CO
NY US
Negotiable CD / share
certificate

DELTA NATL B&T CO NY
US
24773RBW4 07/21/2025 $250,000.00 $233,672.50 0.550% Subject to §VII NCD limits

CHARTWAY FED CREDI
VA US
Negotiable CD / share
certificate

CHARTWAY FED CREDI VA
US
16141BAJ0 07/31/2025 $250,000.00 $251,960.00 5.450% Subject to §VII NCD limits

LIVE OAK BKG CO NC
US
Negotiable CD / share
certificate

LIVE OAK BKG CO NC US
538036SC9 08/13/2025 $150,000.00 $139,921.50 0.600% Subject to §VII NCD limits

CONNEXUS CREDIT UN
WI US
Negotiable CD / share
certificate

CONNEXUS CREDIT UN WI
US
20825WAZ3 08/15/2025 $250,000.00 $244,085.00 3.400% Subject to §VII NCD limits

USALLIANCE FED CRE
NY US
Negotiable CD / share
certificate

USALLIANCE FED CRE NY
US
90352RBD6 08/28/2025 $149,000.00 $138,651.95 0.550% Subject to §VII NCD limits

STATE BK IL US
Negotiable CD / share
certificate

STATE BK IL US
856283P67 09/22/2025 $200,000.00 $185,630.00 0.500% Subject to §VII NCD limits

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CITY OF CLAYTON | INVESTMENT REPORTING CATCH-UP

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

KEMBA FINL CREDIT
OH US
Negotiable CD / share
certificate

KEMBA FINL CREDIT OH
US
48836LAL6 09/22/2025 $250,000.00 $246,360.00 4.000% Subject to §VII NCD limits

JPMORGAN CHASE BK
DE US
Negotiable CD / share
certificate

JPMORGAN CHASE BK DE
US
48128UPW3 10/30/2025 $250,000.00 $232,660.00 0.400% Subject to §VII NCD limits

BARCLAYS BK DE US
Negotiable CD / share
certificate

BARCLAYS BK DE US
06740KNT0 12/15/2025 $100,000.00 $92,960.00 1.000% Subject to §VII NCD limits

MERRICK BK UT US
Negotiable CD / share
certificate

MERRICK BK UT US
59013KMB9 01/29/2026 $245,000.00 $224,236.25 0.500% Subject to §VII NCD limits

BANKUNITED NA FLOR
FL US
Negotiable CD / share
certificate

BANKUNITED NA FLOR FL
US
066519QK8 03/05/2026 $94,000.00 $85,959.24 0.650% Subject to §VII NCD limits

BANKUNITED NA FLOR
FL US
Negotiable CD / share
certificate

BANKUNITED NA FLOR FL
US
066519QT9 03/31/2026 $135,000.00 $123,897.60 0.950% Subject to §VII NCD limits

COMENITY CAP BK UT
US
Negotiable CD / share
certificate

COMENITY CAP BK UT US
20033A2Z8 04/14/2026 $215,000.00 $204,690.75 2.600% Subject to §VII NCD limits

STATE BANK OF INDI
NY US
Negotiable CD / share
certificate

STATE BANK OF INDI NY
US
856285VR9 05/19/2026 $248,000.00 $226,520.72 0.950% Subject to §VII NCD limits

GESA CREDIT UNION
WA US
Negotiable CD / share
certificate

GESA CREDIT UNION WA
US
37424PAH7 07/31/2026 $250,000.00 $252,412.50 5.250% Subject to §VII NCD limits

GREENSTATE CREDIT IA
US
Negotiable CD / share
certificate

GREENSTATE CREDIT IA
US
39573LBV9 08/18/2026 $250,000.00 $225,887.50 0.950% Subject to §VII NCD limits

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

NUMERICA CREDIT UN
WA US
Negotiable CD / share
certificate

NUMERICA CREDIT UN
WA US
67054NBB8 11/04/2026 $200,000.00 $200,074.00 4.900% Subject to §VII NCD limits

SYNCHRONY BANK UT
US
Negotiable CD / share
certificate

SYNCHRONY BANK UT US
87164XH33 12/10/2026 $150,000.00 $135,112.50 1.250% Subject to §VII NCD limits

MEDALLION BK UT US
Negotiable CD / share
certificate

MEDALLION BK UT US
58404DMU2 12/30/2026 $200,000.00 $179,660.00 1.250% Subject to §VII NCD limits

NELNET BK UT US
Negotiable CD / share
certificate

NELNET BK UT US
64034KAT8 02/16/2027 $80,000.00 $72,798.40 1.750% Subject to §VII NCD limits

SALLIE MAE BANK UT
US
Negotiable CD / share
certificate

SALLIE MAE BANK UT US
795451BE2 02/16/2027 $50,000.00 $45,714.00 1.900% Subject to §VII NCD limits

HARDIN CNTY SVGS B
IA US
Negotiable CD / share
certificate

HARDIN CNTY SVGS B IA
US
412022CZ6 02/18/2027 $250,000.00 $226,227.50 1.600% Subject to §VII NCD limits

USALLIANCE FED CRE
NY US
Negotiable CD / share
certificate

USALLIANCE FED CRE NY
US
90352RCK9 04/27/2027 $100,000.00 $93,899.00 2.850% Subject to §VII NCD limits

MORGAN STANLEY BK
UT US
Negotiable CD / share
certificate

MORGAN STANLEY BK UT
US
61773TDN0 04/29/2027 $247,000.00 $233,121.07 3.000% Subject to §VII NCD limits

A PLUS FED CREDIT TX
US
Negotiable CD / share
certificate

A PLUS FED CREDIT TX US
00224TAP1 04/28/2028 $250,000.00 $249,645.00 4.550% Subject to §VII NCD limits U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CEK3 04/30/2024 $116,509.20 $118,903.20 2.500% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CFN6 09/30/2024 $118,621.20 $119,385.60 4.250% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CFQ9 10/31/2024 $118,846.80 $119,488.80 4.375% Authorized—no percentage limit

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FFCB BOND
Federal agency / GSE
bond
Federal Farm Credit Banks
3133EMHF2 11/24/2025 $150,000.00 $138,945.00 0.600% Authorized—no percentage limit
U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CGA3 12/15/2025 $249,000.00 $248,720.00 4.000% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CBC4 12/31/2025 $536,628.80 $504,282.56 0.375% Authorized—no percentage limit

FHLB NTS
Federal agency / GSE
obligation
Federal Home Loan Banks
3130AKWA0 02/12/2026 $100,000.00 $92,325.00 0.520% Authorized—no percentage limit
U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CCJ8 06/30/2026 $297,300.00 $277,524.00 0.875% Authorized—no percentage limit

FHLB BOND
Federal agency / GSE
obligation
Federal Home Loan Banks
3130ASD22 06/29/2027 $500,000.00 $490,380.00 3.590% Authorized—no percentage limit
U.S. Treasury Bill U.S. Treasury bill
United States Treasury 912797GC5 01/11/2024 $345,752.25 $349,541.50 Not available Yes—§VII U.S. Treasury U.S. Treasury Bill U.S. Treasury bill
United States Treasury 912797LL9 03/21/2024 $487,300.00 $494,305.00 Not available Yes—§VII U.S. Treasury U.S. Treasury Bill U.S. Treasury bill
United States Treasury 912796CX5 04/18/2024 $193,218.00 $196,914.00 Not available Yes—§VII U.S. Treasury UBS Select
Government
Institutional Fund
Government money
market mutual fund
UBS Asset Management
— Daily liquidity Not available $55,503.02 5.250%
Authorization not
documented in §VII or
supplied resolution
Accrued interest UBS accrued interest — — — $23,628.81 — Allocated pro rata for WAM

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Quarter Ended March 31, 2024
Quarter result: Policy portfolio $13,997,355.59; WAM 493.7 days (1.35 years); NCD/share certificates 57.6%. Not fully compliant: NCD/sharecertificate concentration 57.6% exceeds the 30% limit.

Six-month liquidity: Liquid resources $4,386,525.63; reconstructed receipts $5,136,825.75; reconstructed expenditures $5,227,726.60; coverage 1.82x. Sufficient based on reconstructed cash flow.

Actual validation: Following-six-month expenditures $5,804,616.59; variance $576,889.99 (11.0%) compared with the reconstruction.

Economic climate: Economic activity expanded at a solid pace, job gains remained strong, and inflation remained elevated despite easing over the prior year. The Federal Reserve held the target range at 5.25%–5.50%.

Federal Reserve source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20240320a.htm Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment CAMP
Government investment
pool
California Asset
Management Program
— Daily liquidity $2,201,084.73 $2,201,084.73 5.480% Authorized—§VII government investment pool
LAIF State investment pool
California State Treasurer — One-day notice $30,962.42 $30,962.42 4.232% Authorized—§VII.A Operating checking
account
Demand deposit /
operating cash
Bank of America, N.A.
— Demand $313,678.25 $313,678.25 0.000%
Operating cash; excluded from
investment-limit and WAM
denominator
Cash and sweep
balances
Cash / bank sweep
UBS Financial Services Inc. — Demand $21,020.68 $21,020.68 Not available Cash balance

WELLS FARGO BK NA
SD US
Negotiable CD / share
certificate

WELLS FARGO BK NA SD
US
949763A48 05/03/2024 $197,000.00 $196,489.77 2.750% Subject to §VII NCD limits

VALLEY NATL BK NJ US
Negotiable CD / share
certificate

VALLEY NATL BK NJ US
919853KU4 06/05/2024 $145,000.00 $144,991.30 5.300% Subject to §VII NCD limits

BMW BANK NORTH

AME UT US
Negotiable CD / share
certificate

BMW BANK NORTH AME
UT US
05580AZW7 06/11/2024 $198,000.00 $195,940.80 0.250% Subject to §VII NCD limits

OKLAHOMA FED CREDI
OK US
Negotiable CD / share
certificate

OKLAHOMA FED CREDI
OK US
67886WAJ6 06/14/2024 $100,000.00 $100,060.00 5.700% Subject to §VII NCD limits

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

BMO HARRIS BK NA IL
US
Negotiable CD / share
certificate

BMO HARRIS BK NA IL US
05600XAN0 07/29/2024 $250,000.00 $245,925.00 0.550% Subject to §VII NCD limits

UBS BANK UT US
Negotiable CD / share
certificate

UBS BANK UT US
90348JR85 08/12/2024 $250,000.00 $245,580.00 0.550% Subject to §VII NCD limits

TOYOTA FINL SVGS B
NV US
Negotiable CD / share
certificate

TOYOTA FINL SVGS B NV
US
89235MLG4 08/12/2024 $250,000.00 $245,597.50 0.600% Subject to §VII NCD limits

FREEDOM FIRST FED
VA US
Negotiable CD / share
certificate

FREEDOM FIRST FED VA
US
35638CAG4 10/28/2024 $250,000.00 $249,482.50 4.900% Subject to §VII NCD limits

AMERICAN EXP NATL
UT US
Negotiable CD / share
certificate

AMERICAN EXP NATL UT
US
02589AEA6 11/04/2024 $174,000.00 $173,418.84 4.650% Subject to §VII NCD limits

BLUPEAK CREDIT UNI
CA US
Negotiable CD / share
certificate

BLUPEAK CREDIT UNI CA
US
09644EAR3 11/20/2024 $250,000.00 $250,650.00 5.750% Subject to §VII NCD limits

TEXAS EXCHANGE BK
TX US
Negotiable CD / share
certificate

TEXAS EXCHANGE BK TX
US
88241TJG6 12/11/2024 $198,000.00 $191,549.16 0.500% Subject to §VII NCD limits

TECHNOLOGY CREDIT
CA US
Negotiable CD / share
certificate

TECHNOLOGY CREDIT CA
US
87868YAG8 01/21/2025 $248,000.00 $247,680.08 5.000% Subject to §VII NCD limits

MOUNTAIN AMERICA C
UT US
Negotiable CD / share
certificate

MOUNTAIN AMERICA C
UT US
62384RAK2 02/28/2025 $250,000.00 $246,180.00 3.450% Subject to §VII NCD limits

CPTL ONE NATL ASSN
VA US
Negotiable CD / share
certificate

CPTL ONE NATL ASSN VA
US
14042RPW5 04/22/2025 $259,817.50 $240,677.50 1.450% Subject to §VII NCD limits

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

MORGAN STANLEY PRV
NY US
Negotiable CD / share
certificate

MORGAN STANLEY PRV
NY US
61768ESN4 04/28/2025 $236,000.00 $235,070.16 4.700% Subject to §VII NCD limits

FLAGSTAR BANK, FSB
MI US
Negotiable CD / share
certificate

FLAGSTAR BANK, FSB MI
US
33847E3D7 04/29/2025 $250,000.00 $239,745.00 1.150% Subject to §VII NCD limits

DELTA NATL B&T CO
NY US
Negotiable CD / share
certificate

DELTA NATL B&T CO NY
US
24773RBW4 07/21/2025 $250,000.00 $235,942.50 0.550% Subject to §VII NCD limits

CHARTWAY FED CREDI
VA US
Negotiable CD / share
certificate

CHARTWAY FED CREDI VA
US
16141BAJ0 07/31/2025 $250,000.00 $251,425.00 5.450% Subject to §VII NCD limits

LIVE OAK BKG CO NC
US
Negotiable CD / share
certificate

LIVE OAK BKG CO NC US
538036SC9 08/13/2025 $150,000.00 $141,256.50 0.600% Subject to §VII NCD limits

CONNEXUS CREDIT UN
WI US
Negotiable CD / share
certificate

CONNEXUS CREDIT UN WI
US
20825WAZ3 08/15/2025 $250,000.00 $244,697.50 3.400% Subject to §VII NCD limits

USALLIANCE FED CRE
NY US
Negotiable CD / share
certificate

USALLIANCE FED CRE NY
US
90352RBD6 08/28/2025 $149,000.00 $139,989.97 0.550% Subject to §VII NCD limits

STATE BK IL US
Negotiable CD / share
certificate

STATE BK IL US
856283P67 09/22/2025 $200,000.00 $187,284.00 0.500% Subject to §VII NCD limits

KEMBA FINL CREDIT
OH US
Negotiable CD / share
certificate

KEMBA FINL CREDIT OH
US
48836LAL6 09/22/2025 $250,000.00 $246,530.00 4.000% Subject to §VII NCD limits

JPMORGAN CHASE BK
DE US
Negotiable CD / share
certificate

JPMORGAN CHASE BK DE
US
48128UPW3 10/30/2025 $250,000.00 $234,817.50 0.400% Subject to §VII NCD limits

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CITY OF CLAYTON | INVESTMENT REPORTING CATCH-UP

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

BARCLAYS BK DE US
Negotiable CD / share
certificate

BARCLAYS BK DE US
06740KNT0 12/15/2025 $100,000.00 $93,621.00 1.000% Subject to §VII NCD limits

MERRICK BK UT US
Negotiable CD / share
certificate

MERRICK BK UT US
59013KMB9 01/29/2026 $245,000.00 $226,196.25 0.500% Subject to §VII NCD limits

BANKUNITED NA FLOR
FL US
Negotiable CD / share
certificate

BANKUNITED NA FLOR FL
US
066519QK8 03/05/2026 $94,000.00 $86,714.06 0.650% Subject to §VII NCD limits

BANKUNITED NA FLOR
FL US
Negotiable CD / share
certificate

BANKUNITED NA FLOR FL
US
066519QT9 03/31/2026 $135,000.00 $124,969.50 0.950% Subject to §VII NCD limits

COMENITY CAP BK UT
US
Negotiable CD / share
certificate

COMENITY CAP BK UT US
20033A2Z8 04/14/2026 $215,000.00 $205,656.10 2.600% Subject to §VII NCD limits

STATE BANK OF INDI
NY US
Negotiable CD / share
certificate

STATE BANK OF INDI NY
US
856285VR9 05/19/2026 $248,000.00 $228,698.16 0.950% Subject to §VII NCD limits

GESA CREDIT UNION
WA US
Negotiable CD / share
certificate

GESA CREDIT UNION WA
US
37424PAH7 07/31/2026 $250,000.00 $252,627.50 5.250% Subject to §VII NCD limits

GREENSTATE CREDIT IA
US
Negotiable CD / share
certificate

GREENSTATE CREDIT IA
US
39573LBV9 08/18/2026 $250,000.00 $228,530.00 0.950% Subject to §VII NCD limits

NUMERICA CREDIT UN
WA US
Negotiable CD / share
certificate

NUMERICA CREDIT UN
WA US
67054NBB8 11/04/2026 $200,000.00 $200,888.00 4.900% Subject to §VII NCD limits

SYNCHRONY BANK UT
US
Negotiable CD / share
certificate

SYNCHRONY BANK UT US
87164XH33 12/10/2026 $150,000.00 $137,005.50 1.250% Subject to §VII NCD limits

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CITY OF CLAYTON | INVESTMENT REPORTING CATCH-UP

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

MEDALLION BK UT US
Negotiable CD / share
certificate

MEDALLION BK UT US
58404DMU2 12/30/2026 $200,000.00 $182,294.00 1.250% Subject to §VII NCD limits

NELNET BK UT US
Negotiable CD / share
certificate

NELNET BK UT US
64034KAT8 02/16/2027 $80,000.00 $73,774.40 1.750% Subject to §VII NCD limits

SALLIE MAE BANK UT
US
Negotiable CD / share
certificate

SALLIE MAE BANK UT US
795451BE2 02/16/2027 $50,000.00 $46,309.50 1.900% Subject to §VII NCD limits

HARDIN CNTY SVGS B
IA US
Negotiable CD / share
certificate

HARDIN CNTY SVGS B IA
US
412022CZ6 02/18/2027 $250,000.00 $229,382.50 1.600% Subject to §VII NCD limits

USALLIANCE FED CRE
NY US
Negotiable CD / share
certificate

USALLIANCE FED CRE NY
US
90352RCK9 04/27/2027 $100,000.00 $94,953.00 2.850% Subject to §VII NCD limits

MORGAN STANLEY BK
UT US
Negotiable CD / share
certificate

MORGAN STANLEY BK UT
US
61773TDN0 04/29/2027 $247,000.00 $235,640.47 3.000% Subject to §VII NCD limits

A PLUS FED CREDIT TX
US
Negotiable CD / share
certificate

A PLUS FED CREDIT TX US
00224TAP1 04/28/2028 $250,000.00 $251,992.50 4.550% Subject to §VII NCD limits U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CEK3 04/30/2024 $116,509.20 $119,722.80 2.500% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CFN6 09/30/2024 $118,621.20 $119,398.80 4.250% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CFQ9 10/31/2024 $118,846.80 $119,388.00 4.375% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 9128284F4 03/31/2025 $105,374.50 $107,459.00 2.625% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CEQ0 05/15/2025 $95,835.00 $97,594.00 2.750% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CEU1 06/15/2025 $96,075.00 $97,590.00 2.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CFW6 11/15/2025 $147,852.00 $147,357.68 4.500% Authorized—no percentage limit

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

FFCB BOND
Federal agency / GSE
bond
Federal Farm Credit Banks
3133EMHF2 11/24/2025 $150,000.00 $139,954.50 0.600% Authorized—no percentage limit
U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CGA3 12/15/2025 $249,000.00 $246,972.50 4.000% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CBC4 12/31/2025 $536,628.80 $504,668.80 0.375% Authorized—no percentage limit

FHLB NTS
Federal agency / GSE
obligation
Federal Home Loan Banks
3130AKWA0 02/12/2026 $100,000.00 $92,441.00 0.520% Authorized—no percentage limit
U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CCJ8 06/30/2026 $297,300.00 $276,693.00 0.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CCW9 08/31/2026 $499,192.75 $498,353.45 0.750% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CHY0 09/15/2026 $218,805.50 $215,537.50 4.625% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 912828YQ7 10/31/2026 $202,336.50 $200,192.95 1.625% Authorized—no percentage limit

FHLB BOND
Federal agency / GSE
obligation
Federal Home Loan Banks
3130ASD22 06/29/2027 $500,000.00 $484,405.00 3.590% Authorized—no percentage limit
U.S. Treasury Bill U.S. Treasury bill
United States Treasury 912796CX5 04/18/2024 $193,218.00 $199,502.00 Not available Yes—§VII U.S. Treasury Accrued interest UBS accrued interest — — — $46,823.76 — Allocated pro rata for WAM

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Quarter Ended June 30, 2024
Quarter result: Policy portfolio $13,436,247.22; WAM 493.8 days (1.35 years); NCD/share certificates 62.1%. Not fully compliant: NCD/sharecertificate concentration 62.1% exceeds the 30% limit; 2 purchase(s) after May 2, 2023 have original terms over four years.

Six-month liquidity: Liquid resources $6,920,650.43; reconstructed receipts $3,998,084.41; reconstructed expenditures $5,690,727.53; coverage 1.92x. Sufficient based on reconstructed cash flow.

Actual validation: Following-six-month expenditures $6,285,140.33; variance $594,412.80 (10.4%) compared with the reconstruction.

Economic climate: Economic activity continued to expand at a solid pace. Labor conditions remained strong and inflation showed modest further progress. The Federal Reserve held the target range at 5.25%–5.50%.

Federal Reserve source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20240612a.htm Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment CAMP
Government investment
pool
California Asset
Management Program
— Daily liquidity $1,522,797.45 $1,522,797.45 5.430% Authorized—§VII government investment pool
LAIF State investment pool
California State Treasurer — One-day notice $31,293.25 $31,293.25 4.480% Authorized—§VII.A Operating checking
account
Demand deposit /
operating cash
Bank of America, N.A.
— Demand $3,092,557.12 $3,092,557.12 0.000%
Operating cash; excluded from
investment-limit and WAM
denominator
Cash and sweep
balances
Cash / bank sweep
UBS Financial Services Inc. — Demand $166,029.02 $166,029.02 Not available Cash balance

BMO HARRIS BK NA IL
US
Negotiable CD / share
certificate

BMO HARRIS BK NA IL US
05600XAN0 07/29/2024 $250,000.00 $248,950.00 0.550% Subject to §VII NCD limits

UBS BANK UT US
Negotiable CD / share
certificate

UBS BANK UT US
90348JR85 08/12/2024 $250,000.00 $248,542.50 0.550% Subject to §VII NCD limits

TOYOTA FINL SVGS B
NV US
Negotiable CD / share
certificate

TOYOTA FINL SVGS B NV
US
89235MLG4 08/12/2024 $250,000.00 $248,525.00 0.600% Subject to §VII NCD limits

AMERIS BANK GA US
Negotiable CD / share
certificate

AMERIS BANK GA US
03077CDQ5 09/12/2024 $249,000.00 $249,000.00 5.400% Subject to §VII NCD limits

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

FREEDOM FIRST FED
VA US
Negotiable CD / share
certificate

FREEDOM FIRST FED VA
US
35638CAG4 10/28/2024 $250,000.00 $249,602.50 4.900% Subject to §VII NCD limits

AMERICAN EXP NATL
UT US
Negotiable CD / share
certificate

AMERICAN EXP NATL UT
US
02589AEA6 11/04/2024 $174,000.00 $173,542.38 4.650% Subject to §VII NCD limits

BLUPEAK CREDIT UNI
CA US
Negotiable CD / share
certificate

BLUPEAK CREDIT UNI CA
US
09644EAR3 11/20/2024 $250,000.00 $250,190.00 5.750% Subject to §VII NCD limits

TEXAS EXCHANGE BK
TX US
Negotiable CD / share
certificate

TEXAS EXCHANGE BK TX
US
88241TJG6 12/11/2024 $198,000.00 $193,707.36 0.500% Subject to §VII NCD limits

TECHNOLOGY CREDIT
CA US
Negotiable CD / share
certificate

TECHNOLOGY CREDIT CA
US
87868YAG8 01/21/2025 $248,000.00 $247,595.76 5.000% Subject to §VII NCD limits

MOUNTAIN AMERICA C
UT US
Negotiable CD / share
certificate

MOUNTAIN AMERICA C
UT US
62384RAK2 02/28/2025 $250,000.00 $246,945.00 3.450% Subject to §VII NCD limits

CPTL ONE NATL ASSN
VA US
Negotiable CD / share
certificate

CPTL ONE NATL ASSN VA
US
14042RPW5 04/22/2025 $259,817.50 $242,445.00 1.450% Subject to §VII NCD limits

MORGAN STANLEY PRV
NY US
Negotiable CD / share
certificate

MORGAN STANLEY PRV
NY US
61768ESN4 04/28/2025 $236,000.00 $234,933.28 4.700% Subject to §VII NCD limits

FLAGSTAR BANK, FSB
MI US
Negotiable CD / share
certificate

FLAGSTAR BANK, FSB MI
US
33847E3D7 04/29/2025 $250,000.00 $241,675.00 1.150% Subject to §VII NCD limits

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CITY OF CLAYTON | INVESTMENT REPORTING CATCH-UP

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

BANK OF AMERICA NA
NC US
Negotiable CD / share
certificate

BANK OF AMERICA NA NC
US
06051XEL2 06/13/2025 $249,000.00 $249,301.29 5.350% Subject to §VII NCD limits

DELTA NATL B&T CO
NY US
Negotiable CD / share
certificate

DELTA NATL B&T CO NY
US
24773RBW4 07/21/2025 $250,000.00 $238,162.50 0.550% Subject to §VII NCD limits

CHARTWAY FED CREDI
VA US
Negotiable CD / share
certificate

CHARTWAY FED CREDI VA
US
16141BAJ0 07/31/2025 $250,000.00 $250,737.50 5.450% Subject to §VII NCD limits

LIVE OAK BKG CO NC
US
Negotiable CD / share
certificate

LIVE OAK BKG CO NC US
538036SC9 08/13/2025 $150,000.00 $142,549.50 0.600% Subject to §VII NCD limits

CONNEXUS CREDIT UN
WI US
Negotiable CD / share
certificate

CONNEXUS CREDIT UN WI
US
20825WAZ3 08/15/2025 $250,000.00 $245,202.50 3.400% Subject to §VII NCD limits

USALLIANCE FED CRE
NY US
Negotiable CD / share
certificate

USALLIANCE FED CRE NY
US
90352RBD6 08/28/2025 $149,000.00 $141,262.43 0.550% Subject to §VII NCD limits

STATE BK IL US
Negotiable CD / share
certificate

STATE BK IL US
856283P67 09/22/2025 $200,000.00 $189,024.00 0.500% Subject to §VII NCD limits

KEMBA FINL CREDIT
OH US
Negotiable CD / share
certificate

KEMBA FINL CREDIT OH
US
48836LAL6 09/22/2025 $250,000.00 $246,650.00 4.000% Subject to §VII NCD limits

JPMORGAN CHASE BK
DE US
Negotiable CD / share
certificate

JPMORGAN CHASE BK DE
US
48128UPW3 10/30/2025 $250,000.00 $236,950.00 0.400% Subject to §VII NCD limits

BARCLAYS BK DE US
Negotiable CD / share
certificate

BARCLAYS BK DE US
06740KNT0 12/15/2025 $100,000.00 $94,316.00 1.000% Subject to §VII NCD limits

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

MERRICK BK UT US
Negotiable CD / share
certificate

MERRICK BK UT US
59013KMB9 01/29/2026 $245,000.00 $228,219.95 0.500% Subject to §VII NCD limits

BANKUNITED NA FLOR
FL US
Negotiable CD / share
certificate

BANKUNITED NA FLOR FL
US
066519QK8 03/05/2026 $94,000.00 $87,435.98 0.650% Subject to §VII NCD limits

BANKUNITED NA FLOR
FL US
Negotiable CD / share
certificate

BANKUNITED NA FLOR FL
US
066519QT9 03/31/2026 $135,000.00 $125,929.35 0.950% Subject to §VII NCD limits

COMENITY CAP BK UT
US
Negotiable CD / share
certificate

COMENITY CAP BK UT US
20033A2Z8 04/14/2026 $215,000.00 $206,372.05 2.600% Subject to §VII NCD limits

STATE BANK OF INDI
NY US
Negotiable CD / share
certificate

STATE BANK OF INDI NY
US
856285VR9 05/19/2026 $248,000.00 $230,359.76 0.950% Subject to §VII NCD limits

GESA CREDIT UNION
WA US
Negotiable CD / share
certificate

GESA CREDIT UNION WA
US
37424PAH7 07/31/2026 $250,000.00 $251,855.00 5.250% Subject to §VII NCD limits

GREENSTATE CREDIT IA
US
Negotiable CD / share
certificate

GREENSTATE CREDIT IA
US
39573LBV9 08/18/2026 $250,000.00 $230,120.00 0.950% Subject to §VII NCD limits

NUMERICA CREDIT UN
WA US
Negotiable CD / share
certificate

NUMERICA CREDIT UN
WA US
67054NBB8 11/04/2026 $200,000.00 $200,102.00 4.900% Subject to §VII NCD limits

SYNCHRONY BANK UT
US
Negotiable CD / share
certificate

SYNCHRONY BANK UT US
87164XH33 12/10/2026 $150,000.00 $137,521.50 1.250% Subject to §VII NCD limits

MEDALLION BK UT US
Negotiable CD / share
certificate

MEDALLION BK UT US
58404DMU2 12/30/2026 $200,000.00 $182,914.00 1.250% Subject to §VII NCD limits

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

NELNET BK UT US
Negotiable CD / share
certificate

NELNET BK UT US
64034KAT8 02/16/2027 $80,000.00 $73,869.60 1.750% Subject to §VII NCD limits

SALLIE MAE BANK UT
US
Negotiable CD / share
certificate

SALLIE MAE BANK UT US
795451BE2 02/16/2027 $50,000.00 $46,351.50 1.900% Subject to §VII NCD limits

HARDIN CNTY SVGS B
IA US
Negotiable CD / share
certificate

HARDIN CNTY SVGS B IA
US
412022CZ6 02/18/2027 $250,000.00 $229,745.00 1.600% Subject to §VII NCD limits

USALLIANCE FED CRE
NY US
Negotiable CD / share
certificate

USALLIANCE FED CRE NY
US
90352RCK9 04/27/2027 $100,000.00 $94,646.00 2.850% Subject to §VII NCD limits

MORGAN STANLEY BK
UT US
Negotiable CD / share
certificate

MORGAN STANLEY BK UT
US
61773TDN0 04/29/2027 $247,000.00 $234,751.27 3.000% Subject to §VII NCD limits

A PLUS FED CREDIT TX
US
Negotiable CD / share
certificate

A PLUS FED CREDIT TX US
00224TAP1 04/28/2028 $250,000.00 $248,792.50 4.550% Subject to §VII NCD limits

SCE FED CREDIT UNI CA
US
Negotiable CD / share
certificate

SCE FED CREDIT UNI CA
US
78413RAU1 06/20/2028 $249,000.00 $250,765.41 4.850% Subject to §VII NCD limits

EMPOWER FED CREDIT
NY US
Negotiable CD / share
certificate

EMPOWER FED CREDIT
NY US
291916AP9 06/26/2029 $149,000.00 $149,882.08 4.650% Subject to §VII NCD limits U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CFN6 09/30/2024 $118,621.20 $119,670.00 4.250% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CFQ9 10/31/2024 $118,846.80 $119,587.20 4.375% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 9128284F4 03/31/2025 $105,374.50 $107,934.20 2.625% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CEQ0 05/15/2025 $95,835.00 $97,943.00 2.750% Authorized—no percentage limit

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FFCB BOND
Federal agency / GSE
bond
Federal Farm Credit Banks
3133EMHF2 11/24/2025 $150,000.00 $141,093.00 0.600% Authorized—no percentage limit
U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CGA3 12/15/2025 $249,000.00 $246,777.50 4.000% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CBC4 12/31/2025 $536,628.80 $508,748.80 0.375% Authorized—no percentage limit

FHLB NTS
Federal agency / GSE
obligation
Federal Home Loan Banks
3130AKWA0 02/12/2026 $100,000.00 $93,113.00 0.520% Authorized—no percentage limit
U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CCJ8 06/30/2026 $297,300.00 $278,298.00 0.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CCW9 08/31/2026 $499,192.75 $501,252.85 0.750% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CHY0 09/15/2026 $218,805.50 $214,748.45 4.625% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 912828YQ7 10/31/2026 $202,336.50 $200,790.65 1.625% Authorized—no percentage limit

FHLB BOND
Federal agency / GSE
obligation
Federal Home Loan Banks
3130ASD22 06/29/2027 $500,000.00 $484,745.00 3.590% Authorized—no percentage limit
Accrued interest UBS accrued interest — — — $36,997.72 — Allocated pro rata for WAM

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Quarter Ended September 30, 2024
Quarter result: Policy portfolio $13,771,814.78; WAM 495.2 days (1.36 years); NCD/share certificates 61.8%. Not fully compliant: NCD/sharecertificate concentration 61.8% exceeds the 30% limit; 2 purchase(s) after May 2, 2023 have original terms over four years.

Six-month liquidity: Liquid resources $3,727,615.27; reconstructed receipts $5,136,825.75; reconstructed expenditures $5,227,726.60; coverage 1.70x. Sufficient based on reconstructed cash flow.

Actual validation: Following-six-month expenditures $5,536,737.83; variance $309,011.23 (5.9%) compared with the reconstruction.

Economic climate: Activity remained solid while job gains slowed and unemployment moved higher but stayed low. With further inflation progress, the Federal Reserve reduced the target range by 0.50 percentage point to 4.75%–5.00%.

Federal Reserve source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20240918a.htm Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment CAMP
Government investment
pool
California Asset
Management Program
— Daily liquidity $1,543,483.54 $1,543,483.54 5.290% Authorized—§VII government investment pool
LAIF State investment pool
California State Treasurer — One-day notice $31,646.33 $31,646.33 4.575% Authorized—§VII.A Operating checking
account
Demand deposit /
operating cash
Bank of America, N.A.
— Demand $333,533.21 $333,533.21 0.000%
Operating cash; excluded from
investment-limit and WAM
denominator
Cash and sweep
balances
Cash / bank sweep
UBS Financial Services Inc. — Demand $216,072.95 $216,072.95 Not available Cash balance

FREEDOM FIRST FED
VA US
Negotiable CD / share
certificate

FREEDOM FIRST FED VA
US
35638CAG4 10/28/2024 $250,000.00 $250,040.00 4.900% Subject to §VII NCD limits

AMERICAN EXP NATL
UT US
Negotiable CD / share
certificate

AMERICAN EXP NATL UT
US
02589AEA6 11/04/2024 $174,000.00 $173,984.34 4.650% Subject to §VII NCD limits

BLUPEAK CREDIT UNI
CA US
Negotiable CD / share
certificate

BLUPEAK CREDIT UNI CA
US
09644EAR3 11/20/2024 $250,000.00 $250,285.00 5.750% Subject to §VII NCD limits

TEXAS EXCHANGE BK
TX US
Negotiable CD / share
certificate

TEXAS EXCHANGE BK TX
US
88241TJG6 12/11/2024 $198,000.00 $196,362.54 0.500% Subject to §VII NCD limits

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

TECHNOLOGY CREDIT
CA US
Negotiable CD / share
certificate

TECHNOLOGY CREDIT CA
US
87868YAG8 01/21/2025 $248,000.00 $248,282.72 5.000% Subject to §VII NCD limits

MOUNTAIN AMERICA C
UT US
Negotiable CD / share
certificate

MOUNTAIN AMERICA C
UT US
62384RAK2 02/28/2025 $250,000.00 $248,807.50 3.450% Subject to §VII NCD limits

CPTL ONE NATL ASSN
VA US
Negotiable CD / share
certificate

CPTL ONE NATL ASSN VA
US
14042RPW5 04/22/2025 $259,817.50 $245,900.00 1.450% Subject to §VII NCD limits

MORGAN STANLEY PRV
NY US
Negotiable CD / share
certificate

MORGAN STANLEY PRV
NY US
61768ESN4 04/28/2025 $236,000.00 $236,356.36 4.700% Subject to §VII NCD limits

FLAGSTAR BANK, FSB
MI US
Negotiable CD / share
certificate

FLAGSTAR BANK, FSB MI
US
33847E3D7 04/29/2025 $250,000.00 $245,365.00 1.150% Subject to §VII NCD limits

BANK OF AMERICA NA
NC US
Negotiable CD / share
certificate

BANK OF AMERICA NA NC
US
06051XEL2 06/13/2025 $249,000.00 $250,710.63 5.350% Subject to §VII NCD limits

DELTA NATL B&T CO
NY US
Negotiable CD / share
certificate

DELTA NATL B&T CO NY
US
24773RBW4 07/21/2025 $250,000.00 $242,810.00 0.550% Subject to §VII NCD limits

CHARTWAY FED CREDI
VA US
Negotiable CD / share
certificate

CHARTWAY FED CREDI VA
US
16141BAJ0 07/31/2025 $250,000.00 $252,672.50 5.450% Subject to §VII NCD limits

LIVE OAK BKG CO NC
US
Negotiable CD / share
certificate

LIVE OAK BKG CO NC US
538036SC9 08/13/2025 $150,000.00 $145,528.50 0.600% Subject to §VII NCD limits

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

CONNEXUS CREDIT UN
WI US
Negotiable CD / share
certificate

CONNEXUS CREDIT UN WI
US
20825WAZ3 08/15/2025 $250,000.00 $248,522.50 3.400% Subject to §VII NCD limits

USALLIANCE FED CRE
NY US
Negotiable CD / share
certificate

USALLIANCE FED CRE NY
US
90352RBD6 08/28/2025 $149,000.00 $144,337.79 0.550% Subject to §VII NCD limits

STATE BK IL US
Negotiable CD / share
certificate

STATE BK IL US
856283P67 09/22/2025 $200,000.00 $193,378.00 0.500% Subject to §VII NCD limits

KEMBA FINL CREDIT
OH US
Negotiable CD / share
certificate

KEMBA FINL CREDIT OH
US
48836LAL6 09/22/2025 $250,000.00 $249,985.00 4.000% Subject to §VII NCD limits

JPMORGAN CHASE BK
DE US
Negotiable CD / share
certificate

JPMORGAN CHASE BK DE
US
48128UPW3 10/30/2025 $250,000.00 $242,757.50 0.400% Subject to §VII NCD limits

BARCLAYS BK DE US
Negotiable CD / share
certificate

BARCLAYS BK DE US
06740KNT0 12/15/2025 $100,000.00 $96,571.00 1.000% Subject to §VII NCD limits

MERRICK BK UT US
Negotiable CD / share
certificate

MERRICK BK UT US
59013KMB9 01/29/2026 $245,000.00 $234,239.60 0.500% Subject to §VII NCD limits

AMERICAN FIRST CRE
CA US
Negotiable CD / share
certificate

AMERICAN FIRST CRE CA
US
02616ACN7 02/20/2026 $250,000.00 $251,210.00 4.250% Subject to §VII NCD limits

BANKUNITED NA FLOR
FL US
Negotiable CD / share
certificate

BANKUNITED NA FLOR FL
US
066519QK8 03/05/2026 $94,000.00 $89,777.52 0.650% Subject to §VII NCD limits

BANKUNITED NA FLOR
FL US
Negotiable CD / share
certificate

BANKUNITED NA FLOR FL
US
066519QT9 03/31/2026 $135,000.00 $129,254.40 0.950% Subject to §VII NCD limits

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CITY OF CLAYTON | INVESTMENT REPORTING CATCH-UP

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

COMENITY CAP BK UT
US
Negotiable CD / share
certificate

COMENITY CAP BK UT US
20033A2Z8 04/14/2026 $215,000.00 $210,927.90 2.600% Subject to §VII NCD limits

STATE BANK OF INDI
NY US
Negotiable CD / share
certificate

STATE BANK OF INDI NY
US
856285VR9 05/19/2026 $248,000.00 $236,634.16 0.950% Subject to §VII NCD limits

GESA CREDIT UNION
WA US
Negotiable CD / share
certificate

GESA CREDIT UNION WA
US
37424PAH7 07/31/2026 $250,000.00 $256,297.50 5.250% Subject to §VII NCD limits

GREENSTATE CREDIT IA
US
Negotiable CD / share
certificate

GREENSTATE CREDIT IA
US
39573LBV9 08/18/2026 $250,000.00 $237,005.00 0.950% Subject to §VII NCD limits

NUMERICA CREDIT UN
WA US
Negotiable CD / share
certificate

NUMERICA CREDIT UN
WA US
67054NBB8 11/04/2026 $200,000.00 $204,422.00 4.900% Subject to §VII NCD limits

SYNCHRONY BANK UT
US
Negotiable CD / share
certificate

SYNCHRONY BANK UT US
87164XH33 12/10/2026 $150,000.00 $141,991.50 1.250% Subject to §VII NCD limits

MEDALLION BK UT US
Negotiable CD / share
certificate

MEDALLION BK UT US
58404DMU2 12/30/2026 $200,000.00 $189,018.00 1.250% Subject to §VII NCD limits

AUSTIN TELCO FED C
TX US
Negotiable CD / share
certificate

AUSTIN TELCO FED C TX
US
052392DD6 02/08/2027 $250,000.00 $254,207.50 4.550% Subject to §VII NCD limits

NELNET BK UT US
Negotiable CD / share
certificate

NELNET BK UT US
64034KAT8 02/16/2027 $80,000.00 $76,276.00 1.750% Subject to §VII NCD limits

SALLIE MAE BANK UT
US
Negotiable CD / share
certificate

SALLIE MAE BANK UT US
795451BE2 02/16/2027 $50,000.00 $47,841.00 1.900% Subject to §VII NCD limits

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CITY OF CLAYTON | INVESTMENT REPORTING CATCH-UP

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

HARDIN CNTY SVGS B
IA US
Negotiable CD / share
certificate

HARDIN CNTY SVGS B IA
US
412022CZ6 02/18/2027 $250,000.00 $237,487.50 1.600% Subject to §VII NCD limits

USALLIANCE FED CRE
NY US
Negotiable CD / share
certificate

USALLIANCE FED CRE NY
US
90352RCK9 04/27/2027 $100,000.00 $97,673.00 2.850% Subject to §VII NCD limits

MORGAN STANLEY BK
UT US
Negotiable CD / share
certificate

MORGAN STANLEY BK UT
US
61773TDN0 04/29/2027 $247,000.00 $242,119.28 3.000% Subject to §VII NCD limits

FIRST TECHNOLOGY F
CA US
Negotiable CD / share
certificate

FIRST TECHNOLOGY F CA
US
33715LFS4 08/20/2027 $250,000.00 $252,072.50 4.100% Subject to §VII NCD limits

WORKERS CREDIT UNI
MA US
Negotiable CD / share
certificate

WORKERS CREDIT UNI MA
US
98138MCP3 09/20/2027 $249,000.00 $250,396.89 4.000% Subject to §VII NCD limits

A PLUS FED CREDIT TX
US
Negotiable CD / share
certificate

A PLUS FED CREDIT TX US
00224TAP1 04/28/2028 $250,000.00 $257,490.00 4.550% Subject to §VII NCD limits

SCE FED CREDIT UNI CA
US
Negotiable CD / share
certificate

SCE FED CREDIT UNI CA
US
78413RAU1 06/20/2028 $249,000.00 $259,657.20 4.850% Subject to §VII NCD limits

EMPOWER FED CREDIT
NY US
Negotiable CD / share
certificate

EMPOWER FED CREDIT
NY US
291916AP9 06/26/2029 $149,000.00 $155,646.89 4.650% Subject to §VII NCD limits U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CFQ9 10/31/2024 $118,846.80 $119,942.40 4.375% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 9128284F4 03/31/2025 $105,374.50 $109,079.30 2.625% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CEQ0 05/15/2025 $95,835.00 $99,071.00 2.750% Authorized—no percentage limit

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FFCB BOND
Federal agency / GSE
bond
Federal Farm Credit Banks
3133EMHF2 11/24/2025 $150,000.00 $144,705.00 0.600% Authorized—no percentage limit
U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CGA3 12/15/2025 $249,000.00 $250,410.00 4.000% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CBC4 12/31/2025 $536,628.80 $521,179.20 0.375% Authorized—no percentage limit

FHLB NTS
Federal agency / GSE
obligation
Federal Home Loan Banks
3130AKWA0 02/12/2026 $100,000.00 $95,534.00 0.520% Authorized—no percentage limit
U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CCJ8 06/30/2026 $297,300.00 $285,786.00 0.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CCW9 08/31/2026 $499,192.75 $515,793.45 0.750% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CHY0 09/15/2026 $218,805.50 $218,829.15 4.625% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 912828YQ7 10/31/2026 $202,336.50 $206,350.55 1.625% Authorized—no percentage limit

FHLB BOND
Federal agency / GSE
obligation
Federal Home Loan Banks
3130ASD22 06/29/2027 $500,000.00 $496,425.00 3.590% Authorized—no percentage limit
U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CGH8 01/31/2028 $145,327.50 $149,607.00 3.500% Authorized—no percentage limit Accrued interest UBS accrued interest — — — $45,559.93 — Allocated pro rata for WAM

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Quarter Ended December 31, 2024
Quarter result: Policy portfolio $12,300,241.89; WAM 518.4 days (1.42 years); NCD/share certificates 62.0%. Not fully compliant: NCD/sharecertificate concentration 62.0% exceeds the 30% limit; 2 purchase(s) after May 2, 2023 have original terms over four years; authorization for the UBS government money market fund was not documented.

Six-month liquidity: Liquid resources $4,201,551.54; reconstructed receipts $5,543,299.51; reconstructed expenditures $5,006,267.33; coverage 1.95x. Sufficient based on reconstructed cash flow.

Actual validation: Following-six-month expenditures $5,146,076.35; variance $139,809.02 (2.8%) compared with the reconstruction.

Economic climate: Activity continued to expand at a solid pace. Labor conditions eased and inflation remained somewhat elevated. The Federal Reserve reduced the target range by 0.25 percentage point to 4.25%–4.50%.

Federal Reserve source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment CAMP
Government investment
pool
California Asset
Management Program
— Daily liquidity $2,683.75 $2,683.75 4.730% Authorized—§VII government investment pool
LAIF State investment pool
California State Treasurer — One-day notice $32,021.62 $32,021.62 4.434% Authorized—§VII.A Operating checking
account
Demand deposit /
operating cash
Bank of America, N.A.
— Demand $1,863,156.61 $1,863,156.61 0.000%
Operating cash; excluded from
investment-limit and WAM
denominator
Cash and sweep
balances
Cash / bank sweep
UBS Financial Services Inc. — Demand $28,223.47 $28,223.47 Not available Cash balance

TECHNOLOGY CREDIT
CA US
Negotiable CD / share
certificate

TECHNOLOGY CREDIT CA
US
87868YAG8 01/21/2025 $248,000.00 $248,099.20 5.000% Subject to §VII NCD limits

MOUNTAIN AMERICA C
UT US
Negotiable CD / share
certificate

MOUNTAIN AMERICA C
UT US
62384RAK2 02/28/2025 $250,000.00 $249,577.50 3.450% Subject to §VII NCD limits

CPTL ONE NATL ASSN
VA US
Negotiable CD / share
certificate

CPTL ONE NATL ASSN VA
US
14042RPW5 04/22/2025 $259,817.50 $247,820.00 1.450% Subject to §VII NCD limits

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

MORGAN STANLEY PRV
NY US
Negotiable CD / share
certificate

MORGAN STANLEY PRV
NY US
61768ESN4 04/28/2025 $236,000.00 $236,320.96 4.700% Subject to §VII NCD limits

FLAGSTAR BANK, FSB
MI US
Negotiable CD / share
certificate

FLAGSTAR BANK, FSB MI
US
33847E3D7 04/29/2025 $250,000.00 $247,457.50 1.150% Subject to §VII NCD limits

BANK OF AMERICA NA
NC US
Negotiable CD / share
certificate

BANK OF AMERICA NA NC
US
06051XEL2 06/13/2025 $249,000.00 $250,147.89 5.350% Subject to §VII NCD limits

DELTA NATL B&T CO
NY US
Negotiable CD / share
certificate

DELTA NATL B&T CO NY
US
24773RBW4 07/21/2025 $250,000.00 $245,055.00 0.550% Subject to §VII NCD limits

CHARTWAY FED CREDI
VA US
Negotiable CD / share
certificate

CHARTWAY FED CREDI VA
US
16141BAJ0 07/31/2025 $250,000.00 $251,862.50 5.450% Subject to §VII NCD limits

LIVE OAK BKG CO NC
US
Negotiable CD / share
certificate

LIVE OAK BKG CO NC US
538036SC9 08/13/2025 $150,000.00 $146,752.50 0.600% Subject to §VII NCD limits

CONNEXUS CREDIT UN
WI US
Negotiable CD / share
certificate

CONNEXUS CREDIT UN WI
US
20825WAZ3 08/15/2025 $250,000.00 $248,860.00 3.400% Subject to §VII NCD limits

USALLIANCE FED CRE
NY US
Negotiable CD / share
certificate

USALLIANCE FED CRE NY
US
90352RBD6 08/28/2025 $149,000.00 $145,511.91 0.550% Subject to §VII NCD limits

STATE BK IL US
Negotiable CD / share
certificate

STATE BK IL US
856283P67 09/22/2025 $200,000.00 $194,860.00 0.500% Subject to §VII NCD limits

KEMBA FINL CREDIT
OH US
Negotiable CD / share
certificate

KEMBA FINL CREDIT OH
US
48836LAL6 09/22/2025 $250,000.00 $249,735.00 4.000% Subject to §VII NCD limits

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

JPMORGAN CHASE BK
DE US
Negotiable CD / share
certificate

JPMORGAN CHASE BK DE
US
48128UPW3 10/30/2025 $250,000.00 $244,147.50 1.250% Subject to §VII NCD limits

BARCLAYS BK DE US
Negotiable CD / share
certificate

BARCLAYS BK DE US
06740KNT0 12/15/2025 $100,000.00 $97,083.00 1.000% Subject to §VII NCD limits

MERRICK BK UT US
Negotiable CD / share
certificate

MERRICK BK UT US
59013KMB9 01/29/2026 $245,000.00 $235,694.90 0.500% Subject to §VII NCD limits

AMERICAN FIRST CRE
CA US
Negotiable CD / share
certificate

AMERICAN FIRST CRE CA
US
02616ACN7 02/20/2026 $250,000.00 $250,377.50 4.250% Subject to §VII NCD limits

BANKUNITED NA FLOR
FL US
Negotiable CD / share
certificate

BANKUNITED NA FLOR FL
US
066519QK8 03/05/2026 $94,000.00 $90,289.82 0.650% Subject to §VII NCD limits

BANKUNITED NA FLOR
FL US
Negotiable CD / share
certificate

BANKUNITED NA FLOR FL
US
066519QT9 03/31/2026 $135,000.00 $129,840.30 0.950% Subject to §VII NCD limits

COMENITY CAP BK UT
US
Negotiable CD / share
certificate

COMENITY CAP BK UT US
20033A2Z8 04/14/2026 $215,000.00 $210,975.20 2.600% Subject to §VII NCD limits

STATE BANK OF INDI
NY US
Negotiable CD / share
certificate

STATE BANK OF INDI NY
US
856285VR9 05/19/2026 $248,000.00 $237,638.56 0.950% Subject to §VII NCD limits

GESA CREDIT UNION
WA US
Negotiable CD / share
certificate

GESA CREDIT UNION WA
US
37424PAH7 07/31/2026 $250,000.00 $254,567.50 5.250% Subject to §VII NCD limits

GREENSTATE CREDIT IA
US
Negotiable CD / share
certificate

GREENSTATE CREDIT IA
US
39573LBV9 08/18/2026 $250,000.00 $237,772.50 0.950% Subject to §VII NCD limits

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

NUMERICA CREDIT UN
WA US
Negotiable CD / share
certificate

NUMERICA CREDIT UN
WA US
67054NBB8 11/04/2026 $200,000.00 $203,062.00 4.900% Subject to §VII NCD limits

SYNCHRONY BANK UT
US
Negotiable CD / share
certificate

SYNCHRONY BANK UT US
87164XH33 12/10/2026 $150,000.00 $142,284.00 1.250% Subject to §VII NCD limits

MEDALLION BK UT US
Negotiable CD / share
certificate

MEDALLION BK UT US
58404DMU2 12/30/2026 $200,000.00 $189,388.00 1.250% Subject to §VII NCD limits

AUSTIN TELCO FED C
TX US
Negotiable CD / share
certificate

AUSTIN TELCO FED C TX
US
052392DD6 02/08/2027 $250,000.00 $252,670.00 4.550% Subject to §VII NCD limits

NELNET BK UT US
Negotiable CD / share
certificate

NELNET BK UT US
64034KAT8 02/16/2027 $80,000.00 $76,324.00 1.750% Subject to §VII NCD limits

SALLIE MAE BANK UT
US
Negotiable CD / share
certificate

SALLIE MAE BANK UT US
795451BE2 02/16/2027 $50,000.00 $47,853.50 1.900% Subject to §VII NCD limits

HARDIN CNTY SVGS B
IA US
Negotiable CD / share
certificate

HARDIN CNTY SVGS B IA
US
412022CZ6 02/18/2027 $250,000.00 $237,682.50 1.600% Subject to §VII NCD limits

USALLIANCE FED CRE
NY US
Negotiable CD / share
certificate

USALLIANCE FED CRE NY
US
90352RCK9 04/27/2027 $100,000.00 $97,424.00 2.850% Subject to §VII NCD limits

MORGAN STANLEY BK
UT US
Negotiable CD / share
certificate

MORGAN STANLEY BK UT
US
61773TDN0 04/29/2027 $247,000.00 $241,459.79 3.000% Subject to §VII NCD limits

FIRST TECHNOLOGY F
CA US
Negotiable CD / share
certificate

FIRST TECHNOLOGY F CA
US
33715LFS4 08/20/2027 $250,000.00 $250,592.50 4.100% Subject to §VII NCD limits

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment

WORKERS CREDIT UNI
MA US
Negotiable CD / share
certificate

WORKERS CREDIT UNI MA
US
98138MCP3 09/20/2027 $249,000.00 $248,947.71 4.000% Subject to §VII NCD limits

A PLUS FED CREDIT TX
US
Negotiable CD / share
certificate

A PLUS FED CREDIT TX US
00224TAP1 04/28/2028 $250,000.00 $254,245.00 4.550% Subject to §VII NCD limits

SCE FED CREDIT UNI CA
US
Negotiable CD / share
certificate

SCE FED CREDIT UNI CA
US
78413RAU1 06/20/2028 $249,000.00 $255,817.62 4.850% Subject to §VII NCD limits

EMPOWER FED CREDIT
NY US
Negotiable CD / share
certificate

EMPOWER FED CREDIT
NY US
291916AP9 06/26/2029 $149,000.00 $152,954.46 4.650% Subject to §VII NCD limits U S TREASURY NOTE U.S. Treasury note
United States Treasury 9128284F4 03/31/2025 $105,374.50 $109,566.60 2.625% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CEQ0 05/15/2025 $95,835.00 $99,450.00 2.750% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CEU1 06/15/2025 $96,075.00 $99,396.00 2.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CFW6 11/15/2025 $147,852.00 $148,273.80 4.500% Authorized—no percentage limit

FFCB BOND
Federal agency / GSE
bond
Federal Farm Credit Banks
3133EMHF2 11/24/2025 $150,000.00 $145,176.00 0.600% Authorized—no percentage limit
U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CGA3 12/15/2025 $249,000.00 $249,575.00 4.000% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CBC4 12/31/2025 $536,628.80 $523,823.04 0.375% Authorized—no percentage limit

FHLB NTS
Federal agency / GSE
obligation
Federal Home Loan Banks
3130AKWA0 02/12/2026 $100,000.00 $95,915.00 0.520% Authorized—no percentage limit
U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CKH3 03/31/2026 $251,162.50 $250,675.00 4.500% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CCJ8 06/30/2026 $297,300.00 $285,435.00 0.875% Authorized—no percentage limit

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FHLB BOND
Federal agency / GSE
obligation
Federal Home Loan Banks
3130ASD22 06/29/2027 $500,000.00 $489,905.00 3.590% Authorized—no percentage limit
U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CKZ3 07/15/2027 $251,387.50 $250,615.00 4.375% Authorized—no percentage limit

FHLB BOND
Federal agency / GSE
obligation
Federal Home Loan Banks
3130APKG9 10/28/2027 $285,494.50 $284,945.80 1.320% Authorized—no percentage limit
U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CGH8 01/31/2028 $145,327.50 $146,542.50 3.500% Authorized—no percentage limit UBS Select
Government
Institutional Fund
Government money
market mutual fund
UBS Asset Management
— Daily liquidity Not available $481,659.55 4.420%
Authorization not
documented in §VII or
supplied resolution
Accrued interest UBS accrued interest — — — $39,130.04 — Allocated pro rata for WAM

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Quarter Ended March 31, 2025
Quarter result: Policy portfolio $12,396,303.73; WAM 372.0 days (1.02 years); NCD/share certificates 0.0%. Complies based on supplied holdings.

Six-month liquidity: Liquid resources $2,892,128.56; reconstructed receipts $3,941,755.33; reconstructed expenditures $5,804,616.59; coverage 1.18x. Sufficient based on reconstructed cash flow.

Actual validation: Following-six-month expenditures $5,775,046.81; variance $-29,569.78 (-0.5%) compared with the reconstruction.

Economic climate: Activity continued to expand at a solid pace, unemployment remained low and stable, and inflation remained somewhat elevated. Economic uncertainty increased; the Federal Reserve held the target range at 4.25%–4.50%.

Federal Reserve source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20250319a.htm Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment CAMP
Government investment
pool
California Asset
Management Program
— Daily liquidity $2,713.63 $2,713.63 4.470% Authorized—§VII government investment pool
LAIF State investment pool
California State Treasurer — One-day notice $32,394.04 $32,394.04 4.313% Authorized—§VII.A Operating checking
account
Demand deposit /
operating cash
Bank of America, N.A.
— Demand $1,759,677.04 $1,759,677.04 0.000%
Operating cash; excluded from
investment-limit and WAM
denominator
Cash and sweep
balances
Cash / bank sweep
UBS Financial Services Inc. — Demand $57,367.71 $57,367.71 Not available Cash balance U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CJB8 09/30/2025 $1,029,991.14 $1,029,755.16 5.000% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CJE2 10/31/2025 $968,443.44 $968,395.84 5.000% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CJL6 11/30/2025 $972,008.13 $972,307.60 4.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CJS1 12/31/2025 $977,738.09 $978,801.96 4.250% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CJV4 01/31/2026 $980,578.47 $981,981.00 4.250% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CKB6 02/28/2026 $984,172.35 $985,316.40 4.625% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CKH3 03/31/2026 $965,966.76 $966,890.52 4.500% Authorized—no percentage limit

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CKK6 04/30/2026 $968,379.92 $969,158.89 4.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CKS9 05/31/2026 $607,440.94 $608,607.90 4.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CKY6 06/30/2026 $609,967.42 $611,412.89 4.625% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLB5 07/31/2026 $367,387.07 $368,750.59 4.375% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLH2 08/31/2026 $543,504.69 $546,180.64 3.750% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLP4 09/30/2026 $545,207.81 $548,185.68 3.500% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLS8 10/31/2026 $606,171.25 $609,355.84 4.125% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLY5 11/30/2026 $608,825.74 $609,725.43 4.250% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CME8 12/31/2026 $428,046.80 $428,078.88 4.250% Authorized—no percentage limit Accrued interest UBS accrued interest — — — $120,923.13 — Allocated pro rata for WAM

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Quarter Ended June 30, 2025
Quarter result: Policy portfolio $15,020,609.16; WAM 280.8 days (0.77 years); NCD/share certificates 0.0%. Complies based on supplied holdings.

Six-month liquidity: Liquid resources $4,726,071.10; reconstructed receipts $3,939,258.35; reconstructed expenditures $6,285,140.33; coverage 1.38x. Sufficient based on reconstructed cash flow.

Actual validation: Following-six-month expenditures $5,421,731.75; variance $-863,408.58 (-13.7%) compared with the reconstruction.

Economic climate: Activity continued to expand at a solid pace and labor conditions remained solid. Inflation remained somewhat elevated.

The Federal Reserve held the target range at 4.25%–4.50%.

Federal Reserve source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20250618a.htm Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment CAMP
Government investment
pool
California Asset
Management Program
— Daily liquidity $2,512,711.00 $2,512,711.00 4.400% Authorized—§VII government investment pool
LAIF State investment pool
California State Treasurer — One-day notice $32,751.02 $32,751.02 4.269% Authorized—§VII.A Operating checking
account
Demand deposit /
operating cash
Bank of America, N.A.
— Demand $1,006,416.76 $1,006,416.76 0.000%
Operating cash; excluded from
investment-limit and WAM
denominator
Cash and sweep
balances
Cash / bank sweep
UBS Financial Services Inc. — Demand $109,057.69 $109,057.69 Not available Cash balance U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CJL6 11/30/2025 $1,058,253.36 $1,056,202.86 4.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CJS1 12/31/2025 $977,738.09 $977,990.22 4.250% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CJV4 01/31/2026 $980,578.47 $980,931.33 4.250% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CKB6 02/28/2026 $984,172.35 $983,736.99 4.625% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CKH3 03/31/2026 $987,070.94 $986,696.16 4.500% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CKK6 04/30/2026 $991,516.48 $990,179.52 4.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CKS9 05/31/2026 $971,237.82 $969,933.60 4.875% Authorized—no percentage limit

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CKY6 06/30/2026 $976,214.57 $975,655.10 4.625% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLB5 07/31/2026 $734,359.26 $735,917.34 4.375% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLH2 08/31/2026 $543,504.69 $546,673.84 3.750% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLP4 09/30/2026 $545,207.81 $549,151.68 3.500% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLS8 10/31/2026 $606,171.25 $609,659.84 4.125% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLY5 11/30/2026 $608,825.74 $610,083.56 4.250% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CME8 12/31/2026 $428,046.80 $428,445.24 4.250% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CMH1 01/31/2027 $430,147.81 $429,938.84 4.125% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CMP3 02/28/2027 $429,806.52 $431,196.48 4.125% Authorized—no percentage limit Accrued interest UBS accrued interest — — — $103,696.85 — Allocated pro rata for WAM

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Quarter Ended September 30, 2025
Quarter result: Policy portfolio $13,021,262.70; WAM 329.0 days (0.90 years); NCD/share certificates 0.0%. Complies based on supplied holdings.

Six-month liquidity: Liquid resources $2,783,926.48; reconstructed receipts $5,440,425.35; reconstructed expenditures $5,536,737.83; coverage 1.49x. Sufficient based on reconstructed cash flow.

Actual validation: Following-six-month expenditures $4,443,474.55; variance $-1,093,263.28 (-19.7%) compared with the reconstruction.

Economic climate: Growth moderated in the first half, job gains slowed, unemployment edged up but remained low, and inflation moved higher. The Federal Reserve reduced the target range by 0.25 percentage point to 4.00%–4.25%.

Federal Reserve source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20250917a.htm Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment CAMP
Government investment
pool
California Asset
Management Program
— Daily liquidity $376,336.62 $376,336.62 4.360% Authorized—§VII government investment pool
LAIF State investment pool
California State Treasurer — One-day notice $33,109.84 $33,109.84 4.212% Authorized—§VII.A Operating checking
account
Demand deposit /
operating cash
Bank of America, N.A.
— Demand $203,442.07 $203,442.07 0.000%
Operating cash; excluded from
investment-limit and WAM
denominator
Cash and sweep
balances
Cash / bank sweep
UBS Financial Services Inc. — Demand $104,905.43 $104,905.43 Not available Cash balance U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CKB6 02/28/2026 $1,061,443.05 $1,060,930.66 4.625% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CKH3 03/31/2026 $987,070.94 $987,119.28 4.500% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CKK6 04/30/2026 $991,516.48 $989,776.08 4.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CKS9 05/31/2026 $995,413.13 $993,573.42 4.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CKY6 06/30/2026 $998,294.49 $997,971.84 4.625% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLB5 07/31/2026 $999,199.73 $1,001,795.57 4.375% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLH2 08/31/2026 $981,926.61 $988,088.92 3.750% Authorized—no percentage limit

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLP4 09/30/2026 $984,497.18 $991,932.48 3.500% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLS8 10/31/2026 $864,014.53 $868,719.50 4.125% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLY5 11/30/2026 $608,825.74 $610,629.86 4.250% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CME8 12/31/2026 $428,046.80 $428,777.52 4.250% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CMH1 01/31/2027 $430,147.81 $430,358.28 4.125% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CMP3 02/28/2027 $429,806.52 $431,599.74 4.125% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CMV0 03/31/2027 $432,675.00 $433,317.60 3.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CMY4 04/30/2027 $433,995.16 $434,677.04 3.750% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CNE7 05/31/2027 $434,196.56 $435,575.42 3.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CNL1 06/30/2027 $312,426.56 $312,608.40 3.750% Authorized—no percentage limit Accrued interest UBS accrued interest — — — $109,459.20 — Allocated pro rata for WAM

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Quarter Ended December 31, 2025
Quarter result: Policy portfolio $11,944,545.11; WAM 324.0 days (0.89 years); NCD/share certificates 0.0%. Complies based on supplied holdings.

Six-month liquidity: Liquid resources $4,215,024.40; reconstructed receipts $6,133,886.74; reconstructed expenditures $5,146,076.35; coverage 2.01x. Sufficient based on reconstructed cash flow.

Actual validation: Following-six-month expenditures $5,310,977.64; variance $164,901.29 (3.2%) compared with the reconstruction.

Economic climate: Activity expanded at a moderate pace, job gains slowed, unemployment edged higher, and inflation moved up. The Federal Reserve reduced the target range by 0.25 percentage point to 3.50%–3.75%.

Federal Reserve source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20251210a.htm Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment CAMP
Government investment
pool
California Asset
Management Program
— Daily liquidity $179,098.17 $179,098.17 3.950% Authorized—§VII government investment pool
LAIF State investment pool
California State Treasurer — One-day notice $33,471.53 $33,471.53 4.025% Authorized—§VII.A Operating checking
account
Demand deposit /
operating cash
Bank of America, N.A.
— Demand $2,002,502.79 $2,002,502.79 0.000%
Operating cash; excluded from
investment-limit and WAM
denominator
Cash and sweep
balances
Cash / bank sweep
UBS Financial Services Inc. — Demand $150,241.35 $150,241.35 Not available Cash balance U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CKS9 05/31/2026 $919,891.88 $916,733.28 4.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CKY6 06/30/2026 $918,955.04 $917,738.47 4.625% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLB5 07/31/2026 $920,116.41 $922,277.88 4.375% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLH2 08/31/2026 $920,587.78 $927,000.08 3.750% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLP4 09/30/2026 $922,433.63 $930,320.37 3.500% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLS8 10/31/2026 $927,742.73 $931,971.84 4.125% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLY5 11/30/2026 $913,719.37 $915,587.40 4.250% Authorized—no percentage limit

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CME8 12/31/2026 $918,241.64 $919,381.87 4.250% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CMH1 01/31/2027 $921,916.52 $922,731.25 4.125% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CMP3 02/28/2027 $923,111.48 $925,212.44 4.125% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CMV0 03/31/2027 $463,857.11 $465,027.94 3.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CMY4 04/30/2027 $407,003.60 $408,286.12 3.750% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CNE7 05/31/2027 $400,245.70 $402,080.00 3.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CNL1 06/30/2027 $402,661.91 $403,587.90 3.750% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CNP2 07/31/2027 $403,821.57 $404,371.80 3.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CFH9 08/31/2027 $173,530.28 $174,009.50 3.125% Authorized—no percentage limit Accrued interest UBS accrued interest — — — $95,415.92 — Allocated pro rata for WAM

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Quarter Ended March 31, 2026
Quarter result: Policy portfolio $13,520,355.56; WAM 314.2 days (0.86 years); NCD/share certificates 0.0%. Complies based on supplied holdings.

Six-month liquidity: Liquid resources $3,339,320.63; reconstructed receipts $4,608,362.35; reconstructed expenditures $5,775,046.81; coverage 1.38x. Sufficient based on reconstructed cash flow.

Actual validation: Partial through 06/30/2026 (3 of 6 months); expenditures recorded to date $3,308,697.70.

Economic climate: Activity continued to expand at a solid pace, job gains were low, unemployment changed little, and inflation remained elevated. The Federal Reserve held the target range at 3.50%–3.75% amid heightened uncertainty.

Federal Reserve source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20260318a.htm Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment CAMP
Government investment
pool
California Asset
Management Program
— Daily liquidity $685,147.39 $685,147.39 3.800% Authorized—§VII government investment pool
LAIF State investment pool
California State Treasurer — One-day notice $33,825.45 $33,825.45 3.826% Authorized—§VII.A Operating checking
account
Demand deposit /
operating cash
Bank of America, N.A.
— Demand $431,360.32 $431,360.32 0.000%
Operating cash; excluded from
investment-limit and WAM
denominator
Cash and sweep
balances
Cash / bank sweep
UBS Financial Services Inc. — Demand $150,750.45 $150,750.45 Not available Cash balance U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLH2 08/31/2026 $1,007,655.71 $1,012,949.35 3.750% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLP4 09/30/2026 $1,001,378.08 $1,008,636.50 3.500% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLS8 10/31/2026 $1,007,060.58 $1,008,782.39 4.125% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLY5 11/30/2026 $1,013,293.36 $1,012,289.34 4.250% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CME8 12/31/2026 $1,016,892.19 $1,014,558.72 4.250% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CMH1 01/31/2027 $1,020,476.60 $1,018,156.65 4.125% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CMP3 02/28/2027 $1,002,608.32 $1,001,293.40 4.125% Authorized—no percentage limit

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CMV0 03/31/2027 $1,006,998.17 $1,005,114.44 3.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CMY4 04/30/2027 $1,009,602.66 $1,007,727.84 3.750% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CNE7 05/31/2027 $1,011,889.57 $1,009,665.94 3.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CNL1 06/30/2027 $444,791.52 $443,635.92 3.750% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CNP2 07/31/2027 $437,994.23 $436,152.60 3.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CFH9 08/31/2027 $441,008.09 $439,613.28 3.125% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CFM8 09/30/2027 $440,681.79 $437,770.16 4.125% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CFU0 10/31/2027 $441,567.54 $438,809.18 4.125% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CFZ9 11/30/2027 $253,752.19 $252,128.52 3.875% Authorized—no percentage limit Accrued interest UBS accrued interest — — — $103,348.04 — Allocated pro rata for WAM

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Quarter Ended June 30, 2026
Quarter result: Policy portfolio $14,108,894.64; WAM 316.7 days (0.87 years); NCD/share certificates 0.0%. Complies based on supplied holdings.

Six-month liquidity: Liquid resources $4,213,874.24; reconstructed receipts $3,672,227.79; reconstructed expenditures $7,269,117.00; coverage 1.08x. Sufficient based on reconstructed cash flow.

Actual validation: Pending; no following-period data supplied.

Economic climate: Activity continued to expand at a solid pace. Job gains kept pace with labor-force growth and unemployment changed little, while inflation remained elevated amid supply shocks. The Federal Reserve held the target range at 3.50%–3.75%.

Federal Reserve source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20260617a.htm Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment CAMP
Government investment
pool
California Asset
Management Program
— Daily liquidity $1,194,096.78 $1,194,096.78 3.770% Authorized—§VII government investment pool
LAIF State investment pool
California State Treasurer — One-day notice $34,156.93 $34,156.93 3.816% Authorized—§VII.A Operating checking
account
Demand deposit /
operating cash
Bank of America, N.A.
— Demand $1,784,699.71 $1,784,699.71 0.000%
Operating cash; excluded from
investment-limit and WAM
denominator
Cash and sweep
balances
Cash / bank sweep
UBS Financial Services Inc. — Demand $109,155.33 $109,155.33 Not available Cash balance U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CLY5 11/30/2026 $1,086,461.60 $1,083,417.42 4.250% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CME8 12/31/2026 $1,016,892.19 $1,012,374.96 4.250% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CMH1 01/31/2027 $1,020,476.60 $1,015,639.45 4.125% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CMP3 02/28/2027 $1,021,672.15 $1,017,671.22 4.125% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CMV0 03/31/2027 $1,025,017.15 $1,020,947.34 3.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CMY4 04/30/2027 $1,028,577.43 $1,024,360.61 3.750% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CNE7 05/31/2027 $1,011,889.57 $1,007,072.81 3.875% Authorized—no percentage limit

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Investment / Account Type / Institution CUSIP Maturity / Liquidity Cost / Deposit Market Value Rate Policy Treatment U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CNL1 06/30/2027 $1,015,035.31 $1,011,538.85 3.750% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CNP2 07/31/2027 $763,497.59 $759,919.74 3.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CFH9 08/31/2027 $441,008.09 $438,951.72 3.125% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CFM8 09/30/2027 $440,681.79 $435,930.24 4.125% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CFU0 10/31/2027 $441,567.54 $436,812.09 4.125% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CFZ9 11/30/2027 $443,908.05 $440,324.82 3.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CGC9 12/31/2027 $444,433.59 $442,215.12 3.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CGH8 01/31/2028 $445,425.00 $443,502.08 3.500% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CGP0 02/29/2028 $446,510.78 $444,902.84 4.000% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CQH7 03/31/2028 $319,937.50 $318,499.20 3.875% Authorized—no percentage limit U S TREASURY NOTE U.S. Treasury note
United States Treasury 91282CQL8 04/30/2028 $320,025.24 $319,749.22 3.750% Authorized—no percentage limit Accrued interest UBS accrued interest — — — $97,655.87 — Allocated pro rata for WAM

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Attachment B - Compliance and Six-Month Cash Availability Tables Compliance Matrix
Quarter End WAM Days / Test NCD % / Test Largest NCD Issuer / Test Post-Policy >4-Year Purchases Other Authorization Overall 12/31/2023 513.1 / Pass 57.9% / Fail 1.8% / Pass Pass Not documented Not fully compliant 03/31/2024 493.7 / Pass 57.6% / Fail 1.8% / Pass Pass Documented Not fully compliant 06/30/2024 493.8 / Pass 62.1% / Fail 1.9% / Pass Fail (2) Documented Not fully compliant 09/30/2024 495.2 / Pass 61.8% / Fail 1.9% / Pass Fail (2) Documented Not fully compliant 12/31/2024 518.4 / Pass 62.0% / Fail 2.1% / Pass Fail (2) Not documented Not fully compliant 03/31/2025 372.0 / Pass 0.0% / Pass 0.0% / Pass Pass Documented Complies 06/30/2025 280.8 / Pass 0.0% / Pass 0.0% / Pass Pass Documented Complies 09/30/2025 329.0 / Pass 0.0% / Pass 0.0% / Pass Pass Documented Complies 12/31/2025 324.0 / Pass 0.0% / Pass 0.0% / Pass Pass Documented Complies 03/31/2026 314.2 / Pass 0.0% / Pass 0.0% / Pass Pass Documented Complies 06/30/2026 316.7 / Pass 0.0% / Pass 0.0% / Pass Pass Documented Complies WAM limit: 913 days. NCD limit: 30% total and 5% per issuer. Four-year purchase-term test applies to purchases on or after the May 2, 2023 policy date.

Six-Month Liquidity Matrix
Quarter End Liquid Resources Forecast Receipts Expenditure Forecast Coverage Actual Expenditures Actual Variance Validation Status 12/31/2023 $4,363,895.18 $3,998,084.41 $5,690,727.53 1.47x $5,006,267.33 $-684,460.20 -12.0%
Complete
03/31/2024 $4,386,525.63 $5,136,825.75 $5,227,726.60 1.82x $5,804,616.59 $576,889.99

11.0%
Complete
06/30/2024 $6,920,650.43 $3,998,084.41 $5,690,727.53 1.92x $6,285,140.33 $594,412.80

10.4%
Complete
09/30/2024 $3,727,615.27 $5,136,825.75 $5,227,726.60 1.70x $5,536,737.83 $309,011.23

5.9%
Complete
12/31/2024 $4,201,551.54 $5,543,299.51 $5,006,267.33 1.95x $5,146,076.35 $139,809.02

2.8%
Complete
03/31/2025 $2,892,128.56 $3,941,755.33 $5,804,616.59 1.18x $5,775,046.81 $-29,569.78 -0.5%
Complete
06/30/2025 $4,726,071.10 $3,939,258.35 $6,285,140.33 1.38x $5,421,731.75 $-863,408.58 -13.7%
Complete
09/30/2025 $2,783,926.48 $5,440,425.35 $5,536,737.83 1.49x $4,443,474.55 $-1,093,263.28 -19.7%
Complete
12/31/2025 $4,215,024.40 $6,133,886.74 $5,146,076.35 2.01x $5,310,977.64 $164,901.29

3.2%
Complete
03/31/2026 $3,339,320.63 $4,608,362.35 $5,775,046.81 1.38x $3,308,697.70 Not complete Partial through 06/30/2026 (3 of 6 months) 06/30/2026 $4,213,874.24 $3,672,227.79 $7,269,117.00 1.08x Pending Not complete Pending; no following-period data supplied All forecast coverage ratios exceed 1.00x after anticipated receipts are added to liquid resources. Actual validations use only following-period information and do not alter the forecast that could reasonably have been prepared at the quarter end.

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Attachment C - Policy Crosswalk, Review Record, Calculation Methods and Sources
How This Report Meets Section XIII
Policy Requirement Where It Is Addressed
A-F. Investment type, institution,
maturity date, cost or deposit
amount, market value and interest
rate
Attachment A provides this information for each investment at every quarter end.

G. Weighted-average maturity The staff report states the result in months. Attachment A and the supporting workbook provide the detailed WAM calculations.

H. Current economic climate The staff report summarizes the period, and Attachment A provides a quarter-specific economic description and source.

I. Compliance statement The staff report explains the exceptions. Attachment B provides the quarter-by-quarter compliance determination.

J. Ability to meet six months of
expenditures
The staff report states the conclusion. Attachment B provides the quarter-by-quarter resources, receipts and forecast expenditures.

K-L. Management and Budget and
Audit Committee reviews
The review record below provides signature and meeting-date fields. It does not represent that the historical reviews occurred.

Current Review Acknowledgment
These signatures document review of the consolidated catch-up package only. They do not establish that the separate historical quarterly reviews and Budget/Audit Committee meetings required by §XIII(K)–(L) occurred. ________________________________________
Administrative Services Director / Finance Function
________________
Date
________________________________________
City Manager
________________
Date
________________________________________
City Treasurer
________________
Date
________________________________________
Budget/Audit Committee Review
________________
Meeting Date
Methodology
The policy portfolio includes UBS, CAMP and LAIF. Bank of America operating checking cash is reported separately and excluded from WAM and investment-percentage denominators. UBS security current market values exclude accrued interest; a separate accrued-interest row reconciles to the account total, and that interest is allocated pro rata among fixed-income holdings for WAM. CAMP and LAIF use one day based on participant liquidity. Six-month resources include demand/pool balances and securities scheduled to mature within 183 days; no sale of longer investments is assumed.

External cash expenditures equal net pooled-cash credits for Accounts Payable and Payroll plus Cash Management payments.

Fund 999 offset entries, interfund journal entries, deposits and receipt activity are excluded. External receipts consist of Cash Receipts, Accounts Receivable receipts and Cash Management deposits. The GL expense detail is adjusted to remove interfund transfers and identifiable noncash or internal depreciation charges and is used as a reasonableness comparison. Forecasts use only historical information available by the quarter end, except that the June 30, 2026 budget amount is supported by the FY 2026-27 budget-to-actual report produced September 10, 2026 and treated as the adopted-year budget basis.

Sources
• City of Clayton Investment Policy (May 2, 2023), especially §§VI–VII and XIII. • CAMP statements: SKM_C650i26091012180.pdf.
• Bank of America statements: SKM_C650i26091012200.pdf.

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• LAIF statements: SKM_C650i26091012220.pdf; yield cross-check: https://www.treasurer.ca.gov/pmiainvestment/historical/avg_mn_ylds. • UBS full Household Statement w_Summary PDFs for each of the eleven quarter ends from December 2023 through June 2026.
• GL expenses FY24-26.xlsx: expense trends and adjusted GL reasonableness comparison. • Pooled cash detail FY 24-26.xlsx: external cash receipts, disbursements and actual validation through June 30, 2026. • Budget to Actual CY 9-10-26.xlsx: FY 2026-27 budget basis for the June 30, 2026 reconstruction. • Federal Reserve monetary-policy statements linked with each quarterly schedule.

Record Completion Checklist
• ☐ Complete the March 31 and June 30, 2026 retrospective validations when transaction detail through December 31, 2026 is available.
• ☐ Document current review and resume the quarterly Finance Director/City Manager/Treasurer review process. • ☐ Schedule and document the quarterly Budget/Audit Committee meeting with staff and the broker/dealer. • ☐ Retain complete quarter-end holdings statements and contemporaneous cash-flow forecasts with future reports.

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Agenda Item: 4.c

STAFF REPORT
TO: HONORABLE MAYOR AND COUNCIL MEMBERS
FROM: Dennis Bozanich, Administrative Services Director DATE: October 20, 2026
SUBJECT: Receive and File Quarterly Investment Report for the Quarter Ended September 30, 2026
Recommendation: Receive and file.

BACKGROUND
Section XIII of the City’s Investment Policy requires a quarterly report to the City Council. The report must identify each investment, institution, maturity date, original cost or deposit amount, current market value and interest rate; calculate the portfolio’s weighted-average maturity; discuss economic conditions; state whether the portfolio complies with the Policy; and address the City’s ability to meet anticipated expenditures for the following six months.

The attached report covers July 1 through September 30, 2026. The September Bank of America operating-account statement has not yet been received. The operating-account balance is therefore shown as pending, and the total City cash-and-investment balance will be updated before the report is placed on a Council agenda. The missing statement does not affect the policy-portfolio balance or the weighted-average-maturity calculation.

ANALYSIS
As of September 30, 2026, the policy portfolio totaled $12,685,117.50. This amount consisted of $10,748,093.18 at UBS, $1,902,533.96 in the California Asset Management Program (CAMP), and $34,490.36 in the Local Agency Investment Fund (LAIF). The Bank of America operating account is excluded from the policy portfolio and from the weighted-average-maturity calculation.

Policy portfolio $12,685,117.50
Weighted-average maturity 285.9 days (0.78 years / 9.4 months)

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Portfolio and policy compliance
The fixed-income portfolio consisted entirely of U.S. Treasury notes, with maturities ranging from February 28, 2027 through June 30, 2028. U.S. Treasury obligations are authorized investments under the Policy and are not subject to a percentage concentration limit. There were no certificates of deposit or credit-union share certificates. The calculated weightedaverage maturity was 285.9 days, below the 30-month limit, and all securities shown had original terms within the four-year maximum. Based on the supplied statements, the portfolio complied with the measurable limits of the Investment Policy.

Investment earnings
Gross interest and dividends totaled $142,409.09. After $9,769.68 in management fees and $26,916.86 in net realized losses, net investment earnings were $105,722.55. The $75,302.35 difference between Treasury adjusted cost and market value at quarter end is unrealized and is not included in net investment earnings.

Six-month cash availability
For October 1, 2026 through March 31, 2027, staff reconstructed forecast expenditures of $4,443,474.55 and forecast receipts of $4,955,840.96 using the same six-month period from the prior year. Known liquid resources, excluding Bank of America, were $3,745,793.71. Those resources and forecast receipts total $8,701,634.67, or 1.96 times forecast expenditures, Policy WAM limit 30 months (approximately 913 days)
Certificates/share certificates 0.0% of the policy portfolio Compliance conclusion Complies with the measurable limits in the Investment Policy
Quarterly component Amount
Gross interest and dividends — UBS, CAMP and
LAIF
$142,409.09
Less: UBS management fees ($9,769.68)
Add/(less): realized gains/(losses) ($26,916.86)
Net investment earnings $105,722.55

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leaving a projected cushion of $4,258,160.12 before adding any Bank of America balance. The City therefore has sufficient projected resources to meet six months of anticipated expenditures.

The final operating-account balance and reported coverage ratio will be updated when the September statement is received.

Interest rates and economic conditions
Short-term interest rates remained elevated during the quarter. The UBS September market snapshot reported a 3-month U.S. Treasury bill rate of 4.00% and one-month SOFR of 3.75%.

The City’s Treasury ladder remained concentrated in high-quality federal obligations maturing through June 2028, which supports liquidity while limiting credit risk. Market values may fluctuate before maturity; the September statement showed Treasury market value below adjusted cost, but that change was unrealized.

FISCAL IMPACT
Receiving and filing the report has no direct fiscal impact and no additional appropriation is requested. The statements report $105,722.55 in net investment earnings for the quarter after management fees and realized gains or losses.

CONCLUSION
The September 30, 2026 policy portfolio totaled $12,685,117.50, had a weighted-average maturity of 285.9 days, and complied with the measurable limits of the City’s Investment Policy based on the supplied statements. Known resources and anticipated receipts were sufficient to meet the next six months of forecast expenditures even before including the pending Bank of America balance. Staff will insert that balance and finalize total cash and investments before Council consideration.

ATTACHMENTS
None

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Agenda Item: 6.b

STAFF REPORT
TO: HONORABLE MAYOR AND COUNCIL MEMBERS
FROM: Melissa Rhodes, City Clerk
DATE: October 20, 2026
SUBJECT: City Council/Committees Reports
Vice Mayor Enea
• Met with City Manager
• Attended the TRANSPAC meeting
• Attended the Retired Public Employees Association meeting • Talked with residents regarding city issues
• Councilmember Tillman and I met recently to discuss upcoming Ad-Hoc committee meeting regarding Mitchell Canyon Rd. And Mt. Diablo School safety area.

Councilmember Diaz
10-10-2026: Attended County Fire Protection District 2026 Annual “Open House” 10-12-2026: Observed Columbus Day
10-13-2026: Observed 251st Anniversary of the U.S. Navy 10-15-2026: Attended County Connection Board Meeting:
• Received General Manager’s Report on County Connection Reorganization
• Received “Year-Round Youth Ride Free” Funding Request to

TRANSPAC
• Closed Session: Liability Claim (Government Code Sec. 54954.5)

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Councilmember Trupiano
Weekly meeting with City Manager Kris Lofthus
October 6th Attended recap meeting with City Police Department, Public Works Department, and Administrative Services Department, to discuss Concerts in the Grove and Hispanic Heritage Celebration events, at City Hall
October 7th Attended City Town Hall meeting, virtually
October 8th Participated in City sponsored Candidate Briefing event, Hoyer Hall October 17th Volunteered for Clayton Community Library Foundation fall book sale
October 17th Attended Fire Safety Committee Open House, Chaparral Springs October 19th Attended October East Contra Costa Habitat Conservancy Board meeting
October 19th Attended City Sponsored Special Events Committee meeting Councilmember Tillman
September 29 Attended the League of Women Voter’s candidate forum at Hoyer Hall
September 30 Attended our Clayton Pride Board meeting
October 1 Attended the Oktoberfest beer/wine tasting event to learn about the beverages being served during Oktoberfest to
better help explain them to patrons
October 3 and 4 Supported the CBCA Oktoberfest activities October 8 Attended the City of Clayton candidate forum
October 9 Participated in the Cal Cities, East Bay Division President’s Orientation to plan for the year and prepare for upcoming meetings and events.

Also attended a neighborhood meeting to discuss city issues and answer questions for residents.

October 10 Attended the Choice in Aging Bedford Block Party at Beede Manor in Antioch
October 12 Mt. Diablo Ed Foundation Board meeting

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October 13 Held a biweekly check-in regarding East Bay Division President updates.

I also had meetings with the city manager, administrative services director, numerous conversations with residents regarding safety concerns near Mitchell Canyon/Clayton Road, and the new striping on Eagle Peak that is confusing motorists. Also, over the past several weeks I’ve fielded calls from parents and district trustees regarding the MDE PFC Board issues that have caused them to be out of compliance.

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Clayton City CouncilOctober 20, 2026

Clayton City Council
October 20, 2026