CITY COUNCIL/SUCCESSOR AGENCY TO THE COVINA
REDEVELOPMENT AGENCY/COVINA PUBLIC FINANCING
AUTHORITY/COVINA HOUSING AUTHORITY JOINT MEETING
AGENDA
Tuesday, February 3, 2026, 6:30 p.m.
125 E. College Street, Covina, California
Council Chamber of City Hall
IMPORTANT NOTICE
Members of the public may begin entering the City Council Chamber 15 minutes prior to the scheduled start time of the meeting as listed above. During this time, and the duration of the meeting, members of the public will have access to the City Council Chamber and first floor restrooms only.
Members of the public may view the meeting live on the City’s website at www.covinaca.gov or on local cable television, Spectrum Channel 29 and Frontier Channel 42. To view from the website, click here or scroll down on the home page and click "City Meetings", once on the page, click the highlighted word next to Video Library under the City Council Meeting Agendas and Minutes header.
A live banner will appear at the start of the meeting.
Public Comments: Time is reserved during the Public Comments portion of the meeting for those in the audience who wish to address the City Council on items listed on the agenda (e.g. Consent Calendar, Continued Business, and New Business items) and items not listed in the agenda within the subject matter jurisdiction of the City Council, except for Public Hearing items. Members of the audience will have the opportunity to address the Council/Agency/Authority regarding Public Hearing items at the time the public hearing is held.
All communications are to be addressed directly to the City Council and not to the members of the audience. Each speaker is limited to a total of three (3) minutes, subject to the Mayor/Chairperson's discretion to amend time limits based on anticipated length of the meeting. A speaker's time may not be transferred to another speaker. State Law prohibits the Council/Agency/Authority from taking action on any item not on the agenda.
Meeting Assistance Information: In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the City Clerk’s Office at [email protected] or 626-384-5430. Notification 48 hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to this meeting.
Pages
JOINT MEETING—CLOSED SESSION 6:30 PM
CALL TO ORDER
Council/Agency/Authority Members: Walter Allen, III, Patricia Cortez, John C.
King, Mayor Pro Tem/Vice Chair Hector Delgado, and Mayor/Chair Victor Linares
PUBLIC COMMENTS - CLOSED SESSION
The public is invited to comment on Closed Session items only at this time.
CLOSED SESSION
The City Council/Successor Agency to the Covina Redevelopment Agency/Covina Public Financing Authority/Covina Housing Authority will adjourn to closed session for the following:
A. Government Code § 54956.9(d)(1) – CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION
Case Name: Aquiles Quevado Villanueva v. City of Covina, et al.
LASC Case No.: 24PSCV01579
B. Government Code § 54956.9(d)(1) – CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION
Covina Responsible and Compliant Retail, LLC v. City of Covina, et al.
C. Government Code § 54957.6 – CONFERENCE WITH LABOR
NEGOTIATORS
Agency Designated Representative:
Christopher Marcarello, City Manager; Joanna Espinosa, Human Resources Manager
Update on ongoing negotiations with the various Employee Organizations:
American Federation of State, County and Municipal Employees (AFSCME); Police Association of Covina (PAC); Police Management Group (PMG); and Police Supervisors of Covina (PSC), and discussions with Unrepresented Employees: Mid-Management, Supervisory and Professional, and Confidential and Technical Employees
D. Government Code § 54956.9(d)(4) – CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION
Initiation of Litigation: One (1) potential case.
RECESS
JOINT MEETING—OPEN SESSION 7:30 PM
RECONVENE AND CALL TO ORDER
Council/Agency/Authority Members: Walter Allen, III, Patricia Cortez, John C.
King, Mayor Pro Tem/Vice Chair Hector Delgado, and Mayor/Chair Victor Linares
ROLL CALL
PLEDGE OF ALLEGIANCE
Led by Councilmember King
INVOCATION
Given by Rajan Zed, President, Universal Society of Hinduism
APPROVAL OF AGENDA
PRESENTATIONS
A. Covina Chamber Update
B. Black History Month Proclamation
CLOSED SESSION REPORT
PUBLIC COMMENTS
This is the time and place for the general public to address the City Council/Agency/Authority on any item listed on the agenda (e.g. Consent Calendar, Continued Business, and New Business items) or not listed on the agenda, except for Public Hearing items. Members of the audience will have the opportunity to address the Council/Agency/Authority regarding Public Hearing items at the time the public hearing is held.
Each speaker is limited to a total of three (3) minutes, subject to the Mayor/Chairperson's discretion to amend time limits based on the anticipated length of the meeting.
COUNCIL/AGENCY/AUTHORITY COMMENTS
Council/Agency/Authority Members wishing to make any announcements of public interest or to request that specific items be added to future Council/Agency/Authority agendas may do so at this time.
CITY MANAGER COMMENTS
CONSENT CALENDAR
All matters listed under Consent Calendar are considered routine, and will be enacted by one motion. There will be no separate discussion on these items prior to the time the Council/Agency/Authority votes on them, unless a member of the Council/Agency/Authority requests a specific item be removed from the Consent Calendar for discussion.
CC 1. Minutes 5
Staff Recommendation:
Approve the Minutes of the December 16, 2025, Regular Meeting of the City Council/Successor Agency to the Covina Redevelopment Agency/Covina Public Financing Authority/Housing Authority.
CC 2. Payment of Demands 13
Staff Recommendation:
Approve Payment of Demands in the amount of $2,282,693.10.
CC 3. City of Covina Investment Report for Month Ended December 31, 2025
21 Staff Recommendation:
Receive and File.
ADJOURNMENT
The Covina City Council/Successor Agency to the Covina Redevelopment Agency/Covina Public Financing Authority/Covina Housing Authority will adjourn to its next regular meeting of the Council/Agency/Authority scheduled for Tuesday, February 17, 2026, at 6:30 p.m. for closed session and at 7:30 p.m. for open session inside the Council Chamber at City Hall, located at 125 East College Street, Covina, California, 91723.
1 CITY COUNCIL/SUCCESSOR AGENCY TO THE COVINA REDEVELOPMENT
AGENCY/COVINA PUBLIC FINANCING AUTHORITY/COVINA HOUSING
AUTHORITY JOINT MEETING
MINUTES
December 16, 2025, 6:30 p.m.
125 E. College Street, Covina, California
Council Chamber of City Hall
Councilmembers Present: Councilmember Walter Allen, III Councilmember Patricia Cortez
Councilmember John C. King
Mayor Pro Tem/Vice-Chair Hector Delgado
Councilmembers Absent: Mayor/Chair Victor Linares
Staff Present: City Clerk Drew Aleman (Elected Member)
City Treasurer Neil Polzin (Elected Member)
City Manager Chris Marcarello
City Attorney Kevin G. Ennis
Assistant City Manager Angel Carrillo
Parks & Recreation/Library Services Director Lisa Evans Public Works Director Rafael M. Fajardo
Finance Director Theresa Franke
Chief Deputy City Clerk Fabian Velez
Staff Absent: Community Development Director/Deputy City Manager Brian Lee _____________________________________________________________________
2 JOINT MEETING—CLOSED SESSION 6:30 PM
CALL TO ORDER
Mayor Pro Tem Delgado called the Council/Agency/Authority meeting to order at 6:35 p.m. with Councilmember Allen, Councilmember King, and Mayor Pro Tem Delgado present.
PUBLIC COMMENTS - CLOSED SESSION
Neil Polzin requested that closed session agenda descriptions include additional information to allow further public input on discussions being had.
CLOSED SESSION
The City Council/Successor Agency to the Covina Redevelopment Agency/Covina Public Financing Authority/Covina Housing Authority adjourned to closed session for the following:
A. Government Code § 54956.9(d)(1) - CONFERENCE WITH LEGAL
COUNSEL - EXISTING LITIGATION
WCAB Number ADJ12672874
B. Government Code § 54956.8 - CONFERENCE WITH REAL PROPERTY
NEGOTIATORS
Property: 128 - 140 College St.
Agency Negotiator: Chris Marcarello, City Manager
Negotiating Parties: Dimitri Constantinou
Under Negotiation: Price and Terms of Payment
C. Government Code § 54956.8 - CONFERENCE WITH REAL PROPERTY
NEGOTIATORS
Property: 411 N. Citrus Ave.
Agency Negotiator: Chris Marcarello, City Manager
Negotiating Parties: Bently Real Estate
Under Negotiation: Price and Terms of Payment
RECESS
Mayor Pro Tem Delgado recessed the Council to Closed Session at 6:38 p.m.
JOINT MEETING—OPEN SESSION 7:30 PM
RECONVENE AND CALL TO ORDER
Mayor Pro Tem Delgado called the Council/Agency/Authority meeting to order at 7:38 p.m. with all Councilmembers present except Mayor Linares.
ROLL CALL
3 PLEDGE OF ALLEGIANCE
Led by Councilmember King.
INVOCATION
Given by Covina Police Chaplain Chuck Cannizzaro.
APPROVAL OF AGENDA
Motion made by: Councilmember King
Seconded by: Councilmember Cortez
Approve the agenda as presented.
Approved (4 to 0); Linares absent
PRESENTATIONS
A. Covina Christmas Parade Committee Recognition
Covina Christmas Parade Committee Chair Joelle Peelgren expressed her gratitude to the City Council, City staff, and volunteers and thanked them for their work on the Christmas Parade and shared stories regarding viewers of the parade.
The City Council provided comments and thanks to the Covina Christmas Parade Committee on a successful Christmas Parade.
B. Recognition of Parks & Recreation/Library Services Director Lisa Evans
Each member of the City Council provided kind words to retiring Parks & Recreation/Library Services Director Evans. The City Council also presented retiring Parks & Recreation/Library Services Director Evans with a street sign and City tile.
City Manager Marcarello presented various gifts to retiring Parks & Recreation/Library Services Director Evans on behalf of the City. Wendy Saavedra, representative of the Office of Assemblywoman Blanca Rubio, and Denaee Amaya, President of the Covina Library Board of Trustees and Member of the Parks & Recreation Commission, also provided additional kind words to retiring Parks & Recreation/Library Services Director Evans.
Assistant City Manager Carrillo presented a gift to retiring Parks & Recreation/Library Services Director Evans on behalf of the executive team.
Retiring Parks & Recreation/Library Services Director Evans thanked City Manager Marcarello, the City Council, executive team, Covina Christmas Parade Committee, family, and staff for their support throughout her career.
CLOSED SESSION REPORT
City Attorney Ennis announced that direction was given to staff and no additional reportable action was taken.
4 PUBLIC COMMENTS
Neil Polzin commented on the absence of Mayor Linares, recommended the City Council vote no on Consent Calendar item CC 7, campaign practices, Council policy practices, the City district map, and called for the resignation of Councilmember Cortez, Councilmember Allen, Councilmember King, and Mayor Linares.
Gabie Quintana thanked the City for helping to cover the roof to the Covina Jailhouse Museum and noted issues that arose following a heavy storm.
Dr. Bri Serrano thanked City Manager Marcarello for having the LGBTQ Center of San Gabriel Valley in the Christmas Parade, noted comments made by Mayor Linares in December of 2020 regarding the County of Los Angeles Board of Supervisors, highlighted issues resulting from federal enforcement of immigration, and requested an update to the implementation of Senate Bill SB 627.
COUNCIL/AGENCY/AUTHORITY COMMENTS
Councilmember Cortez thanked the Covina Christmas Parade Committee and volunteers, as well as members of the City's boards and commissions, for their time spent volunteering this year. She also requested that staff examine and return to the City Council with a study regarding a moratorium on personal care services for the Downtown district. Councilmember Cortez wished everyone a Merry Christmas and happy holidays and requested that the City Council adjourn in memory of William "Bill" McIntyre.
Councilmember Allen expressed his appreciation for retiring Parks & Recreation/Library Services Director Evans, Recreation & Library Services Manager Krystal Smith, and the rest of the Parks & Recreation staff. He also thanked the Covina Christmas Parade Committee for their work with the Christmas Parade. Councilmember Allen thanked members of the City's boards and commissions and City staff for another great year and invited negative comments to be discussed personally.
Councilmember King congratulated the Covina Christmas Parade Committee for an outstanding outing and shared a story regarding his experience. He recognized those who help to contribute to the community to continue the City's greatness. Lastly, he wished everyone a Merry Christmas and thanked City Manager Marcarello for his leadership.
Mayor Pro Tem Delgado echoed sentiments for retiring Parks & Recreation/Library Services Director Evans and wished her well in retirement. Mayor Pro Tem Delgado invited to community to the Holiday Concert taking place on Saturday, December 20, 2026, at 5:00 p.m. in Heritage Park.
CITY MANAGER COMMENTS
City Manager Marcarello clarified that the term proposed for Consent Calendar item CC 8 will be for 4 years and is incorrectly stated as 2 or 4. He also informed the community that City Hall and non-critical City facilities will be closed from December 24, 2025, at Noon until January 2, 2026, and will reopen on Monday, January 5, 2026.
5 CONSENT CALENDAR
Mayor Pro Tem Delgado highlighted Consent Calendar items: CC 5, 6, and 9, all relating to Public Works projects; CC 10, updating the City's Building Code to comply with State laws; and CC 11, modernizing outdated computer services.
CC 1. Minutes
Motion made by: Councilmember King
Seconded by: Councilmember Allen
Approve the Minutes of the November 18, 2025, Regular Meeting of the City Council/Successor Agency to the Covina Redevelopment Agency/Covina Public Financing Authority/Housing Authority.
Approved (4 to 0); Linares absent
CC 2. Payment of Demands
Motion made by: Councilmember King
Seconded by: Councilmember Allen
Approve Payment of Demands in the amount of $2,671,219.38 Approved (4 to 0); Linares absent
CC 3. City of Covina Annual Development Impact Fee Report for the Fiscal Year Ending in June 30, 2025
Motion made by: Councilmember King
Seconded by: Councilmember Allen
It is recommended that the City Council adopt Resolution CC 2025-127, approving the City of Covina Annual Development Impact Fee Report for the Fiscal Year ending in June 30, 2025.
Approved (4 to 0); Linares absent
CC 4. Authorizing the Destruction of Certain City Records Motion made by: Councilmember King
Seconded by: Councilmember Allen
Adopt Resolution CC 2025-126 authorizing the destruction of certain City records.
Approved (4 to 0); Linares absent
CC 5. Rule 29 Electric Vehicle Program
Motion made by: Councilmember King
Seconded by: Councilmember Allen
Direct staff to apply for SCE’s Rule 29 Program and authorize the City Manager to execute all necessary documentation with the exception of a grant of an easement.
Approved (4 to 0); Linares absent
6 CC 6. Fence Replacement at the Covina City Yard and Various Locations Along Charter Oak Wash – Final Acceptance and Filing Notice of Completion
Motion made by: Councilmember King
Seconded by: Councilmember Allen
1. Accept the work performed by FS Contractors, Inc.; and
2. Authorize the City Clerk to file a Notice of Completion for the Fence Replacement at the Covina City Yard and various locations along Charter Oak Wash.
Approved (4 to 0); Linares absent
CC 7. Request to Cancel the Regular City Council Meeting of January 6, 2026 Motion made by: Councilmember King
Seconded by: Councilmember Allen
That the City Council consider cancelling the regular scheduled City Council Meeting of January 6, 2026.
Approved (4 to 0); Linares absent
CC 8. Reappointment of Councilmember Cortez to the San Gabriel Valley Mosquito and Vector Control District
Motion made by: Councilmember King
Seconded by: Councilmember Allen
That the City Council approve Resolution CC 2025-125, reappointing Councilmember Cortez to the San Gabriel Valley Mosquito and Vector Control District for a 4 year term.
Approved (4 to 0); Linares absent
CC 9. Professional Services Agreement for Community Outreach Services Motion made by: Councilmember King
Seconded by: Councilmember Allen
That the City Council approve a Professional Services Agreement for an amount not-to-exceed $25,000 for community outreach services relating to upcoming capital improvement projects and grant applications.
Approved (4 to 0); Linares absent
CC 10. A Resolution Setting Forth Required Findings for Amendments to the 2025 California Building Standards and Residential Standards Codes Motion made by: Councilmember King
Seconded by: Councilmember Allen
To approve the adoption the Resolution CC 2025-115 of the 2025 Title 24 California Building Code and California Residential Code with various
7 Appendices and edits as described. and Amending Title 14, Building and Construction, of the Covina Municipal Code.
Approved (4 to 0); Linares absent
CC 11. Enterprise Host Server Replacements and Services – Police Department and City Hall
Motion made by: Councilmember King
Seconded by: Councilmember Allen
Authorize the City Manager to Execute an Agreement with Sidepath and Acorn to Purchase Dell Servers and Services to Install and Maintain.
Approved (4 to 0); Linares absent
PUBLIC HEARINGS
PH 1. Public Hearing of 2026 Annual Report for Downtown Covina Business Area Enhancement District (BAED)
Mayor Pro Tem Delgado opened the public hearing.
The agenda report was provided by Administrative Technician Lisa Lee.
Dr. Bri Serrano noted that pronouns were not included when reading the name of the public speaker, highlighted the inclusion of a Cinco de Mayo Festival and the need to address immigration enforcement, and requested a moment of silence for those impacted.
Mayor Pro Tem Delgado closed the public hearing.
In response to an inquiry from Councilmember Cortez, City Manager Marcarello and Finance Director Franke informed the City Council that the Downtown Covina Business Area Enhancement District collected $7,500 from dues from 60 business with additional business looking to enter the district.
Motion made by: Councilmember Allen
Seconded by: Councilmember Cortez
1. Conduct the public hearing of the 2026 Annual Report for the Covina Downtown Business Area Enhancement District and Proposed Assessment; and
2. Adopt Resolution CC 2025-124, confirming the 2026 Annual Report for the Downtown Covina Business Area Enhancement District, and levying the 2026 assessment described therein.
Approved (4 to 0); Linares absent
ADJOURNMENT
At 8:42 p.m., the Covina City Council/Successor Agency to the Covina Redevelopment Agency/Covina Public Financing Authority/Covina Housing Authority adjourned In memory of William "Bill" McIntyre to its next regular meeting of the
8 Council/Agency/Authority scheduled for Tuesday, January 20, 2026, at 6:30 p.m., for closed session and 7:30 p.m., for open session in the Council Chamber located inside of City Hall, 125 East College Street, Covina, California, 91723. _______________________________
Fabian Velez, Chief Deputy City Clerk
_____________________________
Hector Delgado, Mayor Pro Tem/Vice Chair
CITY OF COVINA AND
SUCCESSOR AGENCY TO THE
COVINA REDEVELOPMENT AGENCY
AGENDA ITEM REPORT
ITEM NO. CC 2
Meeting: February 3, 2026
Title: Payment of Demands
Presented by: Theresa Franke, Director of Finance
Recommendation: Approve Payment of Demands in the amount of $2,282,693.10.
EXECUTIVE SUMMARY:
Attached is a list of warrants and demands which are being presented for approval and are summarized as follows:
Accounts Payable Warrants January 9, 2025 – January 22, 2026 CITY checks/EFTs $ 1,094,991.89
CITY payroll $ 1,141,664.68
CITY voids $ (0.00)
Worker’s Comp $ 46,036.53
$ 2,282,693.10
SACRA checks/EFTs $ 0.00
SACRA payroll $ 0.00
$ 0.00
TOTAL checks/EFTs $ 2,282,693.10
DISCUSSION:
The attached reports have been reviewed by the Director of Finance.
FISCAL IMPACT:
Sufficient funding is available and the related costs are included in the Fiscal Year 25/26 budget.
Respectfully submitted,
CITY OF COVINA
Check Register
Jan 9, 2026 - Jan 22, 2026
Check # Check Date Vendor Name Amount
6071 01/15/2026 4003 MidAmerica 1,554.75
6072 01/06/2026 1364 HOME DEPOT CREDIT SERVICES 5,838.85 21061 01/15/2026 788 COVINA, CITY OF 50,369.54 *
21062 01/15/2026 789 COVINA-FSA, CITY OF 1,920.33
21063 01/15/2026 2033 NATIONWIDE RETIREMENT SOLUTIONS 33,085.84 21064 01/15/2026 788 COVINA, CITY OF 95.71 *
21065 01/15/2026 2033 NATIONWIDE RETIREMENT SOLUTIONS 7,875.00 21066 01/15/2026 788 COVINA, CITY OF (174.25) *
21067 01/15/2026 487 CalPERS 109,161.86
21068 01/15/2026 487 CalPERS 7,001.18
subtotal EFT/wires/direct deposits 216,728.81
Internal transfers - workers comp allocation - no net cash effect (50,291.00) * subtotal EFT/wires/direct deposits less Internal Transfers $166,437.81 129788 01/14/2026 84 AIRGAS-WEST 1,334.45
129789 01/14/2026 113 ALL CITY MANAGEMENT SVC 13,973.67 129790 01/14/2026 219 AT&T 424.31
129791 01/14/2026 221 AT&T MOBILITY 4.64
129792 01/14/2026 411 BRODART CO 136.98
129793 01/14/2026 457 CA PARKS AND REC SOCIETY 655.00
129794 01/14/2026 568 CAT SPECIALTIES INC 81.73
129795 01/14/2026 572 CATHOLIC CHARITIES OF LOS ANGELES 1,011.00 129796 01/14/2026 649 CINTAS CORP #693 440.28
129797 01/14/2026 783 CITY OF COVINA WATER 864.40
129798 01/14/2026 970 EDISON CO 69.19
129799 01/14/2026 970 EDISON CO 75,989.95
129800 01/14/2026 1156 THE GAS COMPANY 1,696.75
129801 01/14/2026 1204 GOLDEN STATE WATER COMPANY 743.39 129802 01/14/2026 1235 GRAINGER 1,649.19
129803 01/14/2026 1241 GRAND PRINTING 173.26
129804 01/14/2026 1505 JOHNNY'S POOL SERVICE 61.88
129805 01/14/2026 1612 LA CNTY DEPT OF PUBLIC WORKS 52,269.00 129806 01/14/2026 1615 REGIONAL TAP SERVICE CENTER 20.00 129807 01/14/2026 1646 LANGUAGE LINE SERVICES INC 8.46
129808 01/14/2026 1933 MISSION LINEN SUPPLY 26.72
129809 01/14/2026 2027 NAPA AUTO PARTS 398.33
129810 01/14/2026 2091 O REILLY AUTO PARTS 209.73
129811 01/14/2026 2101 OCLC 2,182.48
129812 01/14/2026 2270 PLUMBING WHOLESALE OUTLET 206.69 129813 01/14/2026 2407 REGIONAL TAP SERVICE CENTER 261.10 129814 01/14/2026 2415 REPUBLIC MASTER CHEFS 446.88
129815 01/14/2026 2542 SAN GABRIEL VALLEY WATER ASSOCIATION 25.00 129816 01/14/2026 2646 SHOWCASES 69.93
129817 01/14/2026 2711 SOUTHEAST CONSTRUCTION PRODUCTS - COVINA 64.48 129818 01/14/2026 2755 STETSON ENGINEERS INC 1,354.25
129819 01/14/2026 2795 STATE WATER RESOURCES CONTROL BOARD 6,244.00 129820 01/14/2026 2796 SYNTECH 42.00
129821 01/14/2026 2846 THOMAS, TERRI 424.50
129822 01/14/2026 2958 US POSTMASTER 6,374.52
129823 01/14/2026 2966 V & V MANUFACTURING 384.37
129824 01/14/2026 3001 VERIZON WIRELESS 2,059.13
129825 01/14/2026 3052 WATERLINE TECHNOLOGIES INC 411.34 Attachment A Page 1 of 5
CITY OF COVINA
Check Register
Jan 9, 2026 - Jan 22, 2026
Check # Check Date Vendor Name Amount
129826 01/14/2026 3082 WESTERN WATER WORKS SUPPLY 1,344.57 129827 01/14/2026 3108 Wills Automotive 58.00
129828 01/14/2026 3729 SUNBELT RENTALS INC 4,393.81
129829 01/14/2026 3771 BLACK & WHITE EMERGENCY VEHICLES 2,677.39 129830 01/14/2026 3988 LANDSCAPE WAREHOUSE III 403.85
129831 01/14/2026 4065 VERIZON WIRELESS 1,131.47
129832 01/14/2026 4123 RUDY CARDENAS 175.00
129833 01/14/2026 4141 72 HOUR LLC 125,201.73
129834 01/14/2026 4225 CORELOGIC SOLUTIONS, LLC 245.86
129835 01/14/2026 4292 DUDEK 496.98
129836 01/14/2026 4455 FRONTIER 3,962.03
129837 01/14/2026 4537 BEAR COMMUNICATIONS INC. 698.36
129838 01/14/2026 4571 POWER SECURITY GROUP INC 5,670.00 129839 01/14/2026 4662 OverDrive, Inc 5,000.00
129840 01/14/2026 4676 Hill Brothers Chemical Company 1,696.18 129841 01/14/2026 4713 Fisher Integrated, Inc. 1,200.00 129842 01/14/2026 4764 UniFirst Corporation 746.31
129843 01/14/2026 4765 AMC Modern IT 2,760.30
129844 01/14/2026 4766 HASA, INC. 932.89
129845 01/14/2026 4804 Vihulu L. Villagran 196.00
129846 01/14/2026 4817 Weck Analytical Environmental Services, Inc. 898.00 129847 01/14/2026 4829 Alicia A. Flores 166.00
129848 01/14/2026 4833 Michael R. Hillmann 2,320.00
129849 01/14/2026 4871 HARRINGTON INDUSTRIAL PLASTICS, LLC 568.97 129850 01/14/2026 4885 ELIE FARAH 30,569.00
129851 01/14/2026 4925 Humane Society of Pomona Valley, Inc. 31,123.67 129852 01/14/2026 4931 Antonio Castro Jr 1,474.20
129853 01/14/2026 4934 Peter Joseph Bucknam 2,535.00
129854 01/14/2026 4977 Enterprise FM Trust 4,619.66
129855 01/14/2026 5019 GM Sager Construction Co., Inc. 8,020.00 129856 01/14/2026 5099 CliftonLarsonAllen LLP 11,865.00 129857 01/14/2026 5139 Crown Castle Fiber LLC 925.00
129858 01/14/2026 5186 DAYSMART SOFTWARE 172.19
129859 01/14/2026 5214 SESAC RIGHTS MANAGEMENT INC 2,081.00 129860 01/14/2026 5269 CONTROL AIR ENTERPRISES LLC. 4,137.00 129861 01/14/2026 5271 DREAM CATCHERS CARRIAGES 1,500.00 129862 01/14/2026 5291 AMAZON CAPITAL SERVICES, INC 1,828.07 129863 01/14/2026 5354 MALLORY SAFETY & SUPPLY LLC 358.45 129864 01/14/2026 5382 PT RIGGING PRODUCTIONS INC 2,000.00 129865 01/14/2026 5423 SUSAN T SCHOCK 198.80
129866 01/14/2026 5439 PARKWOOD LANDSCAPE MAINTENANCE INC 19,650.73 129867 01/14/2026 5445 MARGARET L SMITH 126.00
129868 01/14/2026 5521 COMPRESSOR DESIGN AND SERVICES INC 1,425.00 129869 01/14/2026 5550 LEAH DAWN OSIER 717.50
129870 01/14/2026 5582 KATHARINE CURTISS 602.00
129871 01/14/2026 5600 ENVIRONMENTAL EQUIPMENT SUPPLY, INC. 2,940.62 129872 01/14/2026 5619 TRADEWAY GLASS COMPANY 250.00
129873 01/14/2026 5626 JENNIFER KOU 645.05
129874 01/14/2026 5629 MINUTEMAN PRESS COVINA 518.25
129875 01/14/2026 5711 SPECIALIZED ELEVATOR SERVICES, LLC 6,750.00 129876 01/14/2026 5722 ANTHONY FILKINS 259.00
Attachment A Page 2 of 5
CITY OF COVINA
Check Register
Jan 9, 2026 - Jan 22, 2026
Check # Check Date Vendor Name Amount
129877 01/14/2026 5751 ADCO ROOFING, INC. 22,060.00
129878 01/14/2026 5762 FLAGSHIP CRUISES & EVENTS 1,760.00 129879 01/14/2026 99999 HAMILTON & ASSOCIATES INC 155.07 129880 01/14/2026 99999 SANTIAGO LAPARRA 926.23
129881 01/15/2026 68 AFLAC ACCT# YQ792 WORLDWIDE HEADQUARTERS 5,331.28 129882 01/15/2026 69 AFSCME District Council 36 762.75
129883 01/15/2026 775 COVINA POLICE ASSOCIATION 2,800.00 129884 01/15/2026 878 DELTA DENTAL OF CALIFORNIA 9,883.62 129885 01/15/2026 3795 PRE-PAID LEGAL SERVICES, INC 151.00 129886 01/15/2026 3846 CLEA 1,072.00
129887 01/15/2026 4255 RELIASTAR LIFE INSURANCE COMPANY 4,884.57 129888 01/15/2026 4710 Fidelity Security Life Insurance Company 1,052.90 129889 01/15/2026 766 COVINA DISPOSAL CO 153.86
129890 01/15/2026 1754 LOWE'S COMPANIES INC 275.21
129891 01/15/2026 4983 Ad Valorem Records,Inc. 6,008.16 129892 01/15/2026 5671 CLIENTFIRST CONSULTING GROUP 675.00 129893 01/15/2026 5761 YUMI 25,000.00
129894 01/21/2026 14 A1 RENTALS 7,103.67
129895 01/21/2026 430 BUILDING ELECTRONIC CONTROLS 213.75 129896 01/21/2026 649 CINTAS CORP #693 880.56
129897 01/21/2026 700 COLLEY FORD 988.17
129898 01/21/2026 735 BOBCAT OF LOS ANGELES INC. 606.01 129899 01/21/2026 749 BOHL PH.D., NANCY K. 3,790.50
129900 01/21/2026 783 CITY OF COVINA WATER 513.65
129901 01/21/2026 849 DAPEER ROSENBLIT & LITVAK LLP 2,380.00 129902 01/21/2026 962 SUPERIOR COURT OF CALIFORNIA, CNTY OF LOS ANGELES 628.00 129903 01/21/2026 962 SUPERIOR COURT OF CALIFORNIA, CNTY OF LOS ANGELES 10,430.00 129904 01/21/2026 962 SUPERIOR COURT OF CALIFORNIA, CNTY OF LOS ANGELES 903.00 129905 01/21/2026 962 SUPERIOR COURT OF CALIFORNIA, CNTY OF LOS ANGELES 13,172.50 129906 01/21/2026 970 EDISON CO 466.80
129907 01/21/2026 1055 FEDEX 51.97
129908 01/21/2026 1075 FLEET SERVICES 12.66
129909 01/21/2026 1075 WEX BANK 666.22
129910 01/21/2026 1156 THE GAS COMPANY 1,696.84
129911 01/21/2026 1235 GRAINGER 164.38
129912 01/21/2026 1352 HINDERLITER DELLAMAS & ASSOC 961.71 129913 01/21/2026 1361 HOLLIDAY ROCK CO INC 293.08
129914 01/21/2026 1505 JOHNNY'S POOL SERVICE 528.08
129915 01/21/2026 1531 JW LOCK CO INC 682.62
129916 01/21/2026 1707 LIEBERT CASSIDY WHITMORE 3,317.00 129917 01/21/2026 1710 LIFELOC TECHNOLOGIES INC 210.35
129918 01/21/2026 1792 MANNING & KASS 3,364.50
129919 01/21/2026 1895 MERRIMAC ENERGY GROUP 30,683.50
129920 01/21/2026 1933 MISSION LINEN SUPPLY 53.44
129921 01/21/2026 2027 NAPA AUTO PARTS 276.27
129922 01/21/2026 2091 O REILLY AUTO PARTS 199.98
129923 01/21/2026 2309 PROFESSIONAL ACCOUNT MANAGEMENT LLC 6,228.53 129924 01/21/2026 2309 PROFESSIONAL ACCOUNT MANAGEMENT LLC 14,076.15 129925 01/21/2026 2345 QUILL 101.03
129926 01/21/2026 2415 REPUBLIC MASTER CHEFS 422.15
129927 01/21/2026 2619 SGV EXAMINER 1,281.50
Attachment A Page 3 of 5
CITY OF COVINA
Check Register
Jan 9, 2026 - Jan 22, 2026
Check # Check Date Vendor Name Amount
129928 01/21/2026 2736 STAPLES BUSINESS ADVANTAGE 186.92 129929 01/21/2026 2852 THREE VALLEY MUN WATER DISTR 13,336.00 129930 01/21/2026 2855 CHARTER COMMUNICATIONS 854.50
129931 01/21/2026 2898 TRIANGLE TRUCK PARTS 631.36
129932 01/21/2026 2954 URBAN GRAFFITI ENTERPRISES INC 7,995.36 129933 01/21/2026 3004 VICTORY EXTERMINATING INC 75.00
129934 01/21/2026 3023 VULCAN MATERIALS COMPANY 1,441.70 129935 01/21/2026 3735 QUADIENT LEASING USA, INC. 852.77 129936 01/21/2026 3749 JCL TRAFFIC SERVICES 461.92
129937 01/21/2026 3964 RED WING BUSINESS ADVANTAGE ACCOUNT 600.00 129938 01/21/2026 3988 LANDSCAPE WAREHOUSE III 573.94
129939 01/21/2026 4077 INTERWEST CONSULTING GROUP INC 18,113.00 129940 01/21/2026 4209 ADLERHORST INTERNATIONAL 6,484.00 129941 01/21/2026 4246 FERGUSON WATERWORKS #1083 16,367.57 129942 01/21/2026 4246 FERGUSON ENTERPRISES 440.14
129943 01/21/2026 4279 BOSS JANITORIAL SERVICES 16,846.63 129944 01/21/2026 4360 MOORE IACOFANO GOLTSMAN, INC. 22,698.75 129945 01/21/2026 4455 FRONTIER 513.79
129946 01/21/2026 4488 WILCOX SUPPLY INC 504.21
129947 01/21/2026 4505 SAN ANTONIO WINERY INC 2,147.95
129948 01/21/2026 4509 Norman A Traub 9,803.50
129949 01/21/2026 4667 Ocean Blue Environmental Services, Inc. 9,115.21 129950 01/21/2026 4704 S & J Supply Company, Inc. 2,734.48 129951 01/21/2026 4719 O.S.T.S. Inc. 990.00
129952 01/21/2026 4764 UniFirst Corporation 537.14
129953 01/21/2026 4766 HASA, INC. 1,737.89
129954 01/21/2026 4784 Apollo Wood Recovery, Inc. 5,650.88 129955 01/21/2026 4824 Occu-Med, Ltd. 2,880.00
129956 01/21/2026 4854 CEJ Engineers, Inc. 22,780.00
129957 01/21/2026 4965 Environment Planning Development Solutions, Inc. 491.25 129958 01/21/2026 4979 GRBCON, Inc. 2,750.00
129959 01/21/2026 5011 Excel Office Services 217.04
129960 01/21/2026 5019 GM Sager Construction Co., Inc. 24,440.00 129961 01/21/2026 5138 Ricoh USA, Inc. 300.31
129962 01/21/2026 5213 TANGLED WEB SOLUTIONS: INVESTIGATIONS 3,600.00 129963 01/21/2026 5225 FITNESS REPAIR SHOP INC 1,621.78 129964 01/21/2026 5251 DANIEL'S TIRE SERVICE 2,697.74
129965 01/21/2026 5291 AMAZON CAPITAL SERVICES, INC 519.94 129966 01/21/2026 5336 ABI DOCUMENT SUPPORT SERVICES LLC 3,735.05 129967 01/21/2026 5404 SAN FERNANDO VALLEY ALARM CO. 91.00 129968 01/21/2026 5531 CU TECHNOLOGY LLC / ACORN TECHNOLOGY SERVICES 4,618.44 129969 01/21/2026 5577 Bear Electrical Solutions, LLC 29,448.00 129970 01/21/2026 5629 MINUTEMAN PRESS COVINA 1,699.51
129971 01/21/2026 5668 MARTIN LEASING CORPORATION 779.86 129972 01/21/2026 5686 RAFTELIS FINANCIAL CONSULTANTS, INC. 2,317.50 129973 01/21/2026 5750 BLUETRITON BRANDS INC 165.58
129974 01/21/2026 5754 CARDIO PARTNERS INC 132.60
129975 01/21/2026 5758 INFRASTRUCTURE ARCHITECTS, INC. 3,720.00 129976 01/21/2026 5763 DK SANDLER BROTHERS, INC. 1,738.17 129977 01/21/2026 99999 ARNETT GHOSTON 241.61
129978 01/21/2026 99999 CHARLIE GARCIA 1,922.00
Attachment A Page 4 of 5
CITY OF COVINA
Check Register
Jan 9, 2026 - Jan 22, 2026
Check # Check Date Vendor Name Amount
129979 01/21/2026 99999 DALE WILMOT 274.00
129980 01/21/2026 4448 FS CONTRACTORS, INC. 10,350.00
subtotal checks 928,554.08
subtotal voids 0.00
payroll (01/15/26) $ 1,141,664.68
workers' compensation $ 46,036.53
TOTAL checks/EFTs $2,282,693.10
Attachment A Page 5 of 5
CC Regular Meeting
AGENDA ITEM REPORT
ITEM NO. CC 3
Meeting: February 3, 2026
Title: City of Covina Investment Report for Month Ended December 31, 2025 Presented by: Theresa Franke, Director of Finance
Charles Russom, Sr. Management Analyst
Recommendation: Receive and File.
EXECUTIVE SUMMARY:
Pursuant to Government Code Section 53600 et seq. and Section 4.0 of the City of Covina’s Investment Policy, a monthly investment report must be provided to the City Council and City Manager, containing detailed information of all securities, investments and monies of the City.
DISCUSSION:
The attached report for the City and Successor Agency reflects the portfolio balances for the month ended December 31, 2025. The report is in conformity with the City’s Investment Policy as well as Government Code 53601. In accordance with the City's Investment Policy, the City Council authorizes staff to continue investing the City's idle funds in similar securities as those presented in these reports attached hereto. There is sufficient investment liquidity to meet the required reserve limits of the City’s operations.
FISCAL IMPACT:
None to receive and file.
Respectfully submitted,
CASH PER BANK AND INVESTMENT BALANCE 11/30/2025 $91,085,801.54 RECEIPTS 12/1/25-12/31/25 24,314,490.05
DISBURSEMENTS 12/1/25-12/31/25 (17,964,893.48)
CASH PER BANK AND INVESTMENT BALANCE 12/31/2025 $97,435,398.11
ANALYSIS OF CASH PER BANK AND INVESTMENT BALANCE - BOOK VALUE INVESTMENT PORTFOLIO Attachment A-2 $54,248,141.06
LOCAL AGENCY INVESTMENT FUND Attachment A-4 31,770,108.97 TOTAL PUBLIC INVESTMENTS 86,018,250.03
CHECKING / PETTY / USBANK CASH BALANCES / MONEY MARKET 11,417,148.08 CASH PER BANK AND INVESTMENT BALANCE 12/31/2025 97,435,398.11 CASH HELD BY TRUSTEES 3,317,675.52
TOTAL CASH PER BANK AND INVESTMENT / TRUSTEE CASH BALANCE 12/31/2025 $100,753,073.63
CITY OF COVINA INVESTMENT REPORT
FOR THE MONTH ENDED DECEMBER 31, 2025
The purpose of this report is to provide readers with the overall cash position of the City. There is sufficient investment liquidity to meet the required reserve limits of the City's operations.
BOOK ACQUISITION MATURITY MARKET
TYPE OF INVESTMENT ISSUER VALUE DATE DATE VALUE
City of Covina:
Drawer & Petty Cash N/A $10,280.12 N/A N/A $10,280.12
General - Checking Account BMO 2,748,184.56 N/A Demand 2,748,184.56 Public Agency Saving - Parking Fines BMO 111,349.26 N/A Demand 111,349.26 Utility Billing Account BMO 256,850.39 N/A Demand 256,850.39 Workers' Compensation - Checking Account BMO 107,164.03 N/A Demand 107,164.03 Payroll - Checking Account BMO 707,766.42 N/A Demand 707,766.42 Money Market BMO 5,647,286.77 N/A Demand 5,647,286.77
AFLAC Flexible Spending Account BMO 18,734.99 N/A Demand 18,734.99 USBank Cash Per GL Various 1,809,531.54 Various Various 1,809,531.54 USBank Investment Portfolio Various 54,248,141.06 Various Various 54,449,613.25 Local Agency Investment Fund State of California 31,770,108.97 N/A Demand 31,770,108.97 Subtotal (A) $97,435,398.11 $97,636,870.30
Cash Held With 3rd Party Administrator:
TRIP 2017A Covina Wilmington Trust $662.49 N/A Demand $662.49 LA County Loan Agreement U.S. Bank 1,500,025.78 N/A Demand 1,500,025.78 Other Post-Employment Benefits Charles Schwab 1,812,069.27 N/A Demand 1,812,069.27 2021 Taxable Pension Obligation Bonds U.S. Bank 4,915.39 N/A Demand 4,915.39 2019 Wastewater Refunding Bonds U.S. Bank 2.59 N/A Demand 2.59 Subtotal (B) $3,317,675.52 $3,317,675.52
TOTAL (A+B) $100,753,073.63 $100,954,545.82
CITY OF COVINA
CASH AND INVESTMENT SUMMARY
FOR THE MONTH ENDED DECEMBER 31, 2025
The purpose of this schedule is to show the total cash and investments held by the City of Covina by account.
Exhibit A-2
CITY OF COVINA
US Bank and Stifel
Investment Portfolio as of
December 2025
Issuer
Purchase
Date
Market Price Per
Share Qty
Total Original Cost
Value Coupon CUSIP Maturity Trustee
US Government Issues:
Federal Farm Credit Bank Bond 6/10/2025 100.7270 1,000,000 $ 1,009,342.56 4.1064 3133EPZY4 7/30/2026 US Bank
(from Stifel)
FEDL Home Loan Bank Bond 04/07/22 99.5560 1,000,000 1,003,611.45 3.0000 3130A2VE3 9/11/2026 US Bank
(from Stifel)
FEDL Agric MTG CorpMedium Term Note 06/30/22 97.8550 1,000,000 915,357.70 0.9700 31422XGQ9 10/26/2026 US Bank (from Stifel)
FEDL Farm Credit Bank Bond 02/02/22 97.9550 1,000,000 996,151.59 1.5000 3133ENKV1 1/13/2027 US Bank
(from Stifel)
Federal Farm Credit Bank Bond 04/07/22 99.5750 1,000,000 1,007,278.29 3.1500 3133EJDV8 3/22/2027 US Bank
(from Stifel)
FEDL Home Loan Bank Bond 11/19/24 99.9930 1,000,000 1,000,000.00 4.6248 3130B3RN5 11/19/2027 US Bank
(from Stifel)
FEDL Home Loan Bank Bond 02/18/25 99.9990 1,000,000 1,000,000.00 4.6000 3130B4YQ8 2/25/2028 US Bank
(from Stifel)
FEDL Home Loan Bank Bond 12./23/2024 100.1820 1,000,000 1,001,962.88 4.6840 3130B0EE5 3/6/2028 US Bank
(from Stifel)
FEDL Home Loan MTG CorpPool #WN2479 12/04/23 100.9990 1,000,000 993,437.50 4.9400 3132XGXH4 5/1/2028 US Bank (from Stifel)
Federal Farm Credit Bks 11/11/2025 99.9900 1,000,000 1,000,000.00 3.9100 3133ETT23 5/12/2028 US Bank FEDL NATL MTG ASSNPool#BSB8718 Balloon 03/05/24 100.1030 1,000,000 986,562.50 4.3800 3140LKVL4 6/1/2028 US Bank (from Stifel)
FEDL Home Loan Bks 8/26/2025 100.0420 1,000,000 1,000,000.00 4.2000 3130B7LS1 8/18/2028 US Bank FEDL Home Loan MTG CorpPool#WN2534 02/16/24 101.3690 1,000,000 997,187.50 4.9000 3132XGY83 12/1/2028 US Bank (from Stifel)
FEDL Home Loan MTG CorpPOOL#WN2537 04/16/24 101.3690 1,000,000 989,687.50 4.9000 3132XGZB5 12/1/2028 US Bank (from Stifel)
FEDL Home Loan MTG CorpPOOL#WN2559 4/10/2024 100.7810 1,000,000 979,062.50 4.6000 3132XGZZ2 1/1/2029 US Bank (from Stifel)
U S Treasury Note 11/13/2025 98.8590 1,000,000 987,500.00 3.2500 91282CEV9 6/30/2029 US Bank FEDL NATL MTG ASSN Note 10/25/24 100.2240 1,000,000 1,000,000.00 4.4000 3135GAXR7 8/3/2029 US Bank
(from Stifel)
FEDL Home Loan Bank Bond 09/04/24 99.9210 980,000 980,000.00 4.2000 3130B2GZ2 8/13/2029 US Bank
(from Stifel)
FEDL Home Loan Bank Bond 09/09/24 99.9450 2,000,000 2,000,000.00 4.0000 3130B2NS0 9/4/2029 US Bank
(from Stifel)
FEDL Home Loan Bank Bond 10/25/24 99.5670 1,000,000 990,500.00 4.0000 3130B32X0 10/2/2029 US Bank
(from Stifel)
FEDL Home Loan Bank Bond 11/05/24 100.5200 1,000,000 1,000,000.00 4.5000 3130B3M67 11/13/2029 US Bank
(from Stifel)
U S Treasury Note 8/18/2025 100.7810 1,000,000 1,002,336.00 3.8750 91282CMZ1 4/30/2030 US Bank FEDL Home Loan Bank Bond 6/16/2025 100.7670 1,000,000 1,000,000.00 4.1251 3130B6SF4 6/14/2030 US Bank
(from Stifel)
Federal Farm Credit Bks 10/20/25 89.2700 1,000,000 896,850.00 1.2300 3133EL2C7 7/29/2030 US Bank F N M A 8/5/2025 99.8520 1,000,000 998,000.00 4.2500 3136GALS6 8/6/2030 US Bank U S Treasury Note 11/4/2025 99.6450 1,000,000 997,335.93 3.7500 91282CNX5 8/31/2030 US Bank Federal Home Loan Bks 10/23/2025 99.2490 2,000,000 1,996,200.00 3.6500 3130B8CC4 10/21/2030 US Bank U S Treasury Note 12/24/2025 98.9920 1,000,000 991,125.00 3.6250 91282CPN5 11/30/2030 US Bank F H L M C M T N 12/11/2025 98.4610 1,000,000 999,750.00 4.0000 3134HCEY1 12/9/2030 US Bank Total US Government Issues: 30,980,000 $ 30,719,238.90
Corporate Issues:
Southwest Heritage CUOdessa TX SHS CTF 06/26/23 100.0110 245,000 $ 245,000.00 5.1000 84503PAF7 1/7/2026 US Bank (from Stifel)
Jovia FINL FEDL CR UN -
Westbury NY CD 7/2/2024 100.0660 245,000 245,000.00 5.0000 48115LAL8 1/20/2026 US Bank
(from Stifel)
Marine FEDL CR UNJacksonvill NC SHS CTF 08/27/24 100.0670 245,000 245,000.00 4.3500 56824JBB9 2/27/2026 US Bank (from Stifel)
Truliant FEDL CR UNWinston Salem NC SHS CTF 03/09/23 100.2670 245,000 245,000.00 5.1500 89789AAH0 3/23/2026 US Bank (from Stifel)
United Fidelity Bank FSBEvansville IN CD 09/16/24 100.1200 245,000 245,000.00 4.3500 910286HZ9 3/27/2026 US Bank (from Stifel)
First Bank of The LakeOsage Beach MO CD 10/31/24 100.0740 245,000 245,000.00 4.0000 31925YBU5 4/30/2026 US Bank (from Stifel)
Ally Bank -
Midvale UT CD 04/27/22 99.6870 245,000 245,000.00 2.8500 02007GQQ9 5/5/2026 US Bank
(from Stifel)
Global FED CR UN -
Anchorage AK SHS CTF 05/14/24 100.5470 245,000 245,000.00 5.0500 37892MAP9 5/29/2026 US Bank
(from Stifel)
Inspire FEDL CR UNBristol PA SHS CTF 06/29/23 100.6640 245,000 245,000.00 5.0000 457731AQ0 6/30/2026 US Bank (from Stifel)
GESA CR UNRichland WA CD 07/19/23 100.9460 245,000 245,000.00 5.2500 37424PAH7 7/31/2026 US Bank (from Stifel)
Pima FEDL CR UNTucson AZ SHS CTF 08/02/23 101.0450 245,000 245,000.00 5.3000 722000AC0 8/17/2026 US Bank (from Stifel)
Signature Federal Cred U 08/16/23 101.1010 245,000 245,000.00 5.3000 82671DAG2 8/28/2026 US Bank
(from Stifel)
KodabankDrayton ND CD 03/09/23 101.0090 245,000 245,000.00 5.0000 50007DAC3 9/22/2026 US Bank (from Stifel)
First NATL BankDamariscotta ME CD 03/09/23 101.0140 245,000 245,000.00 5.0000 32117BFR4 9/23/2026 US Bank (from Stifel)
Austin Telco Fed CR UN- Austin
TX SHS CTF 11/14/22 101.3010 245,000 245,000.00 5.0500 052392CC9 11/27/2026 US Bank
(from Stifel)
Baxter CR UNVernon Hills IL SHS CTF 11/14/22 101.2810 245,000 245,000.00 5.0000 07181JAV6 11/30/2026 US Bank (from Stifel)
First Foundation Bank -
Irvine CA CD 06/05/24 101.3390 245,000 245,000.00 5.0625 32026U5X0 12/14/2026 US Bank
(from Stifel)
All in FED CR UnionDaleville AL SHS CTF 12/07/22 100.8210 245,000 245,000.00 4.4500 01664MAA4 12/21/2026 US Bank (from Stifel)
State Bank of India -
New York NY CD 02/01/22 97.9890 245,000 245,000.00 1.7500 856285G21 2/9/2027 US Bank
(from Stifel)
Pentagon Federal CR UN -
Tysons Corner VA 02/02/22 97.8930 245,000 245,000.00 1.7000 70962LBE1 2/18/2027 US Bank
(from Stifel)
California Cr Un Glendale Cali
CD 8/11/2025 100.4000 245,000 245,000.00 4.0000 130162BQ2 2/22/2027 US Bank Sallie Mae Bank -
Salt Lake City UT CD 02/16/22 98.4130 245,000 245,000.00 2.2000 795451BH5 2/23/2027 US Bank
(from Stifel)
Beal Bank -
Plano TX CD 03/01/22 98.2340 245,000 245,000.00 2.0500 07371AZQ9 3/3/2027 US Bank
(from Stifel)
Beal Bank -
Las Vegas NV CD 03/01/22 98.2340 245,000 245,000.00 2.0500 07371CK81 3/3/2027 US Bank
(from Stifel)
Medallion Bank -
Salt Lake City UT CD 03/01/22 98.1910 245,000 245,000.00 2.0500 58404DNG2 3/8/2027 US Bank
(from Stifel)
United Republic BankElkhorn NE CD 03/05/25 100.5180 245,000 245,000.00 4.0500 909242BZ1 3/19/2027 US Bank (from Stifel)
Cpital One Bank USA NA -
Glen Allen VA CD 04/07/22 98.8440 245,000 245,000.00 2.7000 14042TFJ1 4/13/2027 US Bank
(from Stifel)
Synchrony Bank -
Draper UT CD 04/07/22 98.8410 245,000 245,000.00 2.7000 87165FK45 4/14/2027 US Bank
(from Stifel)
Capital One NA -
Mclean VA CD 04/27/22 99.2460 245,000 245,000.00 3.0500 14042RRA1 5/4/2027 US Bank
(from Stifel)
Pinnace BankNashville TN CD 5/2/2025 100.4220 245,000 245,000.00 3.9500 72345SLQ2 5/7/2027 US Bank (from Stifel)
Goldman Sachs Bank USA -
New York NY CD 04/27/22 99.2330 245,000 245,000.00 3.0500 38149M6Y4 5/11/2027 US Bank
(from Stifel)
Toyota Finl Svgs BankHenderson NV CD 05/09/22 99.4210 245,000 245,000.00 3.2000 89235MNH0 5/17/2027 US Bank (from Stifel)
Morgan Stanley Bank NASalt Lake City UT CD 05/16/22 99.4850 245,000 245,000.00 3.2500 61690UJ68 5/19/2027 US Bank (from Stifel)
Morgan Stanley PVT BK NAPurchase NY CD 05/16/22 99.4850 245,000 245,000.00 3.2500 61768EJR5 5/19/2027 US Bank (from Stifel)
Discover BankGreenwood DE CD 05/20/22 99.4110 245,000 245,000.00 3.2000 254673E36 5/24/2027 US Bank (from Stifel)
All In Fed Cr UnDaleville AI 12/31/2025 100.1610 245,000 245,000.00 3.7500 01664MBC9 6/30/2027 US Bank Optum BankDraper UT CD 6/23/2025 100.7170 245,000 245,000.00 4.1500 68405VDM8 6/30/2027 US Bank (from Stifel)
Mutual First Fed CD 7/23/2025 100.5290 245,000 245,000.00 4.0000 62825MAB0 8/5/2027 US Bank Oklahoma CD 8/26/2025 100.4690 245,000 245,000.00 3.9500 67885MAC4 8/30/2027 US Bank
Workers FEDL Credit UNLittleton MA SHS CTF 08/27/24 100.5390 245,000 $ 245,000.00 4.0000 98138MCK4 8/30/2027 US Bank
(from Stifel)
Vantage West CR UNTucson AZ SHS CTF 09/04/24 100.5420 245,000 245,000.00 4.0000 92213MAB7 9/13/2027 US Bank (from Stifel)
University III Cmnty Cr Un Cha
CD 9/18/2025 99.9600 249,000 249,000.00 3.6500 914359AQ7 9/24/2027 US Bank Ideal Credit UnionWoodbury MN SHS CTF 12/07/22 101.5350 245,000 245,000.00 4.5000 45157PAZ3 12/29/2027 US Bank (from Stifel)
Alliant Credit UnionChicago IL SHS CTF 12/20/22 102.2010 245,000 245,000.00 4.8500 01882MAA0 12/30/2027 US Bank (from Stifel)
Carter FEDL CR UNSpringhill LA SHS CTF 01/14/25 100.9750 245,000 245,000.00 4.2000 14622LAW2 1/28/2028 US Bank (from Stifel)
Telco Plus CR UnLongview TX SHS CTF 02/03/25 101.0930 245,000 245,000.00 4.2500 87921MAA2 2/18/2028 US Bank (from Stifel)
Merrick BankSouth Jordan UT CD 02/18/25 101.1020 245,000 245,000.00 4.2500 59013K4U7 2/28/2028 US Bank (from Stifel)
Valley Natl BankPassaic NJ CD 02/27/25 101.1180 245,000 245,000.00 4.2500 919853QC8 3/6/2028 US Bank (from Stifel)
One Commnity BankOregon WI CD 6/12/2025 100.5900 245,000 245,000.00 4.0000 682325FT7 3/20/2028 US Bank (from Stifel)
Vibrant Cr Un Moline II C D 10/21/2025 99.9390 245,000 245,000.00 3.6500 92559TAT5 4/27/2028 US Bank Milestone BankSalt Lake City UT CD 4/28/2025 100.4990 245,000 245,000.00 3.9500 59934MDC9 4/28/2028 US Bank (from Stifel)
Southpoint BankBirmingham AL CD 04/28/25 100.6090 245,000 245,000.00 4.0000 84464PCC9 4/28/2028 US Bank (from Stifel)
Cornerstone BankFargo ND CD 05/01/23 103.1940 245,000 245,000.00 - 219232CR4 5/10/2028 US Bank (from Stifel)
Sound CR UNTacoma WA SHS CTF 5/19/2025 100.9510 245,000 245,000.00 4.1500 83616HAH7 6/2/2028 US Bank (from Stifel)
Celtic BankSalt Lake City UT CD 6/4/2025 100.6160 245,000 245,000.00 4.0000 15118RW45 6/12/2028 US Bank (from Stifel)
BOM BankNatchitoches LA CD 06/04/25 100.2450 245,000 245,000.00 4.4000 09776DAP9 6/16/2028 US Bank (from Stifel)
Global FED CR UNAnchorage AK SHS CTF 6/16/2025 101.0850 245,000 245,000.00 4.2000 37892MAX2 6/30/2028 US Bank (from Stifel)
Texas Exchange Bank SSBCrowley TX CD 10/28/24 100.7330 245,000 245,000.00 4.0500 88241TUA6 7/12/2028 US Bank (from Stifel)
CY Fair FCUHouston TX SHS CTF 06/26/23 100.4030 245,000 245,000.00 5.3000 23248UAC1 7/14/2028 US Bank (from Stifel)
Numerica Credit Union-Spokane
VLY WA SHS CTF 07/12/23 103.3270 245,000 245,000.00 5.1000 67054NBK8 7/31/2028 US Bank
(from Stifel)
Connexus Credit CD 7/23/2025 100.8700 245,000 245,000.00 4.1000 20825WEB2 8/7/2028 US Bank Tucson FEDL CR UNTucson AZ CD 09/01/23 103.1650 245,000 245,000.00 5.0000 898812AC6 9/8/2028 US Bank (from Stifel)
Money One FCULargo MD SHS CTF 09/01/23 103.1800 245,000 245,000.00 5.0000 60936TAL3 9/14/2028 US Bank (from Stifel)
Dort Finl Cr Un Grand Blanc Mi
CD 9/22/2025 99.5930 247,000 247,000.00 3.6000 25844MCE6 10/10/2028 US Bank Institution For Svgs In Newbur
CD 10/20/2025 99.6800 245,000 245,000.00 3.6500 45780PDH5 10/27/2028 US Bank Select Bk Fst Va CD CII C D 10/21/2025 99.9550 245,000 245,000.00 3.8500 81618LAG2 10/31/2028 US Bank San Francisco FEDL CR UNSan Francisco CA SHS 11/20/24 101.3010 245,000 245,000.00 4.2500 79772FAL0 11/27/2028 US Bank (from Stifel)
SKYLA FEDL CR UNCharlotte NC SHS CTF 5/21/2025 100.8890 245,000 245,000.00 4.1000 83086XAE0 11/30/2028 US Bank (from Stifel)
Civic Fed Cr CD 8/7/2025 100.3320 245,000 245,000.00 3.9000 178808AC5 12/22/2028 US Bank BMW Bank of North AmericaSalt Lake City UT CD 5/2/2025 100.6170 245,000 245,000.00 4.0000 05612LER9 5/9/2029 US Bank (from Stifel)
First Premier BankSioux Falls SD CD 5/13/2025 100.4710 245,000 245,000.00 3.9500 33610RWL3 5/21/2029 US Bank (from Stifel)
Covantage CUAntigo WI SHS CTF 5/14/2025 101.3090 245,000 245,000.00 4.0500 22282XAL4 5/29/2029 US Bank (from Stifel)
ClearPath FED CR UN -
Burbank CA SHS CTF 07/09/24 100.1180 245,000 245,000.00 5.4000 18507MAD3 7/30/2029 US Bank
(from Stifel)
Altaone FED CR UN -
Ridgecrest CA SHS CTF 8/27/2024 100.1090 245,000 245,000.00 3.8500 02157RAC1 9/13/2029 US Bank
(from Stifel)
Freedom Northwest CR UN 12/23/2024 101.1740 245,000 245,000.00 4.1200 356436AV7 12/31/2029 US Bank
(from Stifel)
JP Morgan Chase Bank NAColumbus OH CD 01/24/25 100.7820 245,000 245,000.00 4.7500 46657VWH9 1/31/2030 US Bank (from Stifel)
UBS Bank USASalt Lake City UT CD 03/05/25 100.9960 245,000 245,000.00 4.1000 90355GUL8 3/12/2030 US Bank (from Stifel)
Luana SVGS BankLuana IA CD 03/05/25 100.2150 245,000 245,000.00 3.9000 549104G76 3/13/2030 US Bank (from Stifel)
Western State BankDevils Lake ND CD 03/05/25 100.6070 245,000 245,000.00 4.0000 95960NLA3 3/25/2030 US Bank (from Stifel)
Poppy BankSanta rosa CA CD 4/2/2025 100.1580 245,000 $ 245,000.00 4.1000 73319FDX4 4/8/2030 US Bank
(from Stifel)
EaglebankBethesda MD CD 04/02/25 100.8000 245,000 245,000.00 4.0500 27002YHQ2 4/16/2030 US Bank (from Stifel)
American Express Natl BKSalt Lake City UT CD 4/28/2025 100.9760 245,000 245,000.00 4.1000 02589AHE5 4/30/2030 US Bank (from Stifel)
BNY Mellon NAPittsburgh PA CD 6/12/2025 100.5740 245,000 245,000.00 4.0000 05584CY59 6/18/2030 US Bank (from Stifel)
Farmers & Merchants BKAshland NE CD 6/16/2025 100.1910 245,000 245,000.00 4.4000 308914AC4 6/24/2030 US Bank (from Stifel)
American Bank CommerceWolfforth TX CD 6/16/2025 100.0240 245,000 245,000.00 4.5000 02432LAC1 6/25/2030 US Bank (from Stifel)
Jeanne D Arc FCULowell MA CD 6/23/2025 100.5970 245,000 245,000.00 4.0000 472207AL3 6/28/2030 US Bank (from Stifel)
State Bk India Chicago III 07/30/25 100.7570 245,000 245,000.00 4.0500 85628AAT7 7/29/2030 US Bank Oak View Bankshares CD 8/19/2025 100.0360 245,000 245,000.00 4.2500 67134XBD6 9/5/2030 US Bank Utah First Fed Cr Un Salt Lake
CD 08/28/25 99.9260 249,000 249,000.00 3.8500 91739JAW5 9/10/2030 US Bank Great Midwest Bk Brookfield Wi
CD 9/15/2025 98.9760 245,000 245,000.00 3.7500 39083PDT6 9/19/2030 US Bank Third fed Svgs Ln Assn Of CD 9/15/2025 99.4890 245,000 245,000.00 3.7500 88413QHX9 9/19/2030 US Bank Greenstate Cr Un North Liberty
CD 9/16/2025 99.4840 245,000 245,000.00 3.7500 39573LEU8 9/26/2030 US Bank Ria Fed Cr Un CD 10/20/2025 98.7970 245,000 245,000.00 3.6000 749622BZ8 11/4/2030 US Bank Nelnet Bk Draper Utah 11/3/2025 98.5740 245,000 245,000.00 3.5500 64034KCB5 11/5/2030 US Bank Cfg Cmnty Bk Lutherville Md CD 11/18/25 99.9870 245,000 243,902.16 4.0000 12527CNN8 11/14/2030 US Bank First Gty Bk Damariscotta Me CD 11/6/2025 100.0860 245,000 245,000.00 4.0500 320437BD7 11/14/2030 US Bank Total Corporate Issues: 23,530,000 $ 23,528,902.16
54,510,000.00 $ 54,248,141.06
1,809,531.54
54,755,000.00 $ 56,057,672.60
US Bank Cash
US Bank Securities
US Bank Total Value of Portfolio
Qty Purch Date Maturity
Date of
Disposition
Share Price at
Purchase Date Net Trade Amount Cost Basis Value Market Value Accrued Interest Issuer CUSIP Held by 10,000 12/11/2025 12/9/2030 99.9750 $ 999,750.00 $ 999,750.00 $ 999,750.00 F H L M C M T N 3134HCEY1 US Bank 10,000 12/24/2025 11/30/2030 99.1125 991,125.00 991,125.00 991,125.00 U S Treasury Note 91282CPN5 US Bank 2,450 12/31/2025 6/30/2027 100.0000 245,000.00 245,000.00 245,000.00 All In Fed Cr Un-Daleville AI 01664MBC9 US Bank Total $ 2,235,875.00 $ 2,235,875.00 $ 2,235,875.00 -
Qty Purch Date Maturity
Date of
Disposition
Share Price at
Sale / Maturity
Date Original Cost Value
Par Value at
Sale/Maturity
Gain / (Loss) on Sale
/ Redemption
Interest Earnings
Since Purchase Issuer CUSIP Held by
10,000 02/02/22 12/12/2025 12/12/2025 100.0000 $ 1,000,000.00 $ 1,000,000.00 $ (5,184.93) $ 105,000.00 FEDL Home Loan Bank Bond 3130A6ZQ3 US Bank 10,000 12/10/24 12/23/2027 12/23/2025 100.0000 1,000,000.00 1,000,000.00 45,000.00 FEDL Home Loan Bank Bond 3130B42Y6 US Bank 2,450 06/20/24 6/28/2028 6/28/2028 100.0000 245,000.00 245,000.00 19,495.33 First FEDL S&L ASSN - Lakewood OH CD 32023HBV9 US Bank 10,000 01/16/25 12/30/2027 12/30/2027 100.0000 1,000,000.00 1,000,000.00 46,300.00 FEDL Agric MTG Corp - Medium Term Note 3134HAW66 US Bank 2,450 08/24/23 12/31/2025 12/21/2025 100.0000 245,000.00 245,000.00 30,345.83 Advantage FEDL CR UN- Rochester NY SHS
CTF 00790JAD4 US Bank
$ 3,490,000.00 $ 3,490,000.00 $ (5,184.93) $ 246,141.16 Period Interest Revenue
Previous Month $200,194.03
Previous 12 mos. $2,327,273.60
CITY OF COVINA
INVESTMENT TRANSACTION SUMMARY
FOR THE MONTH ENDED DECEMBER 31, 2025
Purchased Investments
Net Revenue Analysis - for Period Ending December 31, 2025 Sold/Matured Investments
Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
January 06, 2026
LAIF Home
PMIA Average Monthly
Yields
CITY OF COVINA
CITY TREASURER
125 E. COLLEGE STREET
COVINA, CA 91723-2199
Account Number: 98-19-219
December 2025 Statement
Tran Type Definitions
Effective
Date
Transaction
Date
Tran
Type Confirm
Number
Web
Confirm
Number Authorized Caller Amount
12/24/2025 12/23/2025 RD 1788405 1749044 BEI ZOU 5,000,000.00 Account Summary
Total Deposit: 5,000,000.00 Beginning Balance: 26,770,108.97 Total Withdrawal: 0.00 Ending Balance: 31,770,108.97
1/6/26, 11:12 AM LAIF Regular Monthly Statement
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/1
Attachment A-4 City
Statement Total
Balance Percentage
Cash Balances $11,417,148 11.33%
Local Agency Investment Fund 31,770,109 31.53%
Treasury / Agency 30,719,239 30.49%
Certificate of Deposits 23,528,902 23.35%
Funds Held by Bond Trustees 3,317,676 3.29%
Total $100,753,074 100.00%
CITY OF COVINA
Cash & Investment Holdings by Type as of December 31, 2025 *Average Investment coupon rate: 3.91% (based on weighted average of Original Cost Value) Cash Balances, 11.33%
Local Agency Investment
Fund, 31.53%
Treasury / Agency, 30.49%
Certificate of Deposits,
23.35%
Funds Held by Bond
Trustees, 3.29%
HOLDINGS BY TYPE
Attachment A-5 City
CASH PER BANK AND INVESTMENT BALANCE 11/30/2025 $601,214.90 RECEIPTS 12/1/25-12/31/25 -
DISBURSEMENTS 12/1/25-12/31/25 -
CASH PER BANK AND INVESTMENT BALANCE 12/31/2025 $601,214.90
ANALYSIS OF CASH PER BANK AND INVESTMENT BALANCE
CHECKING ACCOUNT $3,817.64
LOCAL AGENCY INVESTMENT FUND Attachment A-6 597,397.26
AVAILABLE CASH PER BANK BALANCES $601,214.90
CASH HELD BY BOND TRUSTEES 0.00
TOTAL CASH PER BANK AND INVESTMENT / TRUSTEE CASH BALANCE 12/31/2025 $601,214.90 FOR THE MONTH ENDED DECEMBER 31, 2025
SUCCESSOR AGENCY TO THE COVINA REDEVELOPMENT AGENCY INVESTMENT REPORT Attachment A- Agency
BANK ACQUISITION MARKET
TYPE OF INVESTMENT ISSUER VALUE DATE DATE VALUE
Successor Agency to the Covina Redevelopment Agency:
Checking Account BMO $3,817.64 N/A Demand $3,817.64
Local Agency Investment Fund State of California 597,397.26 N/A Demand 597,397.26 Subtotal (A) $601,214.90 $601,214.90
Cash Held With 3rd Party Administrator:
(1) 2013 Series A Tax Allocation Bonds U.S. Bank* $0.00 N/A Demand $0.00 Fiscal Agent: U.S. Bank
(2) 2014 Series A Tax Allocation Bonds U.S. Bank* 0.00 N/A Demand 0.00 Fiscal Agent: U.S. Bank
(3) 2004 Series B Tax Allocation Bonds U.S. Bank* 0.00 N/A Demand 0.00 Fiscal Agent: U.S. Bank
Subtotal (B) $0.00 $0.00
TOTAL (A+B) $601,214.90 $601,214.90
* Formerly BNY Mellon
SUCCESSOR AGENCY TO THE COVINA REDEVELOPMENT AGENCY
CASH AND INVESTMENT SUMMARY
FOR THE MONTH ENDED DECEMBER 31, 2025
The purpose of this schedule is to show the total cash and investments held by the Successor Agency to the Covina Redevelopment Agency by account.
Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
January 06, 2026
LAIF Home
PMIA Average Monthly
Yields
S/A CITY OF COVINA FOR COVINA
REDEVELOPMENT AGENCY
FINANCE DIRECTOR
125 EAST COLLEGE STREET
COVINA, CA 91723-2199
Account Number: 65-19-007
December 2025 Statement
Tran Type Definitions
Account Summary
Total Deposit: 0.00 Beginning Balance: 597,397.26
Total Withdrawal: 0.00 Ending Balance: 597,397.26
1/6/26, 11:12 AM LAIF Regular Monthly Statement
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/1
Attachment A-6 Agency
Quarter
Ending City Agency*
12/31/2023 $95,434,647 $901,789
12/31/2024 $94,244,220 $645,337
12/31/2025. $100,753,074 $601,215
CITY OF COVINA AND SUCCESSOR AGENCY TO THE COVINA REDEVELOPMENT AGENCY CASH AND INVESTMENTS THREE YEAR COMPARISON AS OF DECEMBER 31, 2025 The purpose of this schedule is to show, for comparison purposes, the total cash and investment values for the last 3 years. *Successor Agency to Covina Redevelopment Agency
$0
$20,000,000
$40,000,000
$60,000,000
$80,000,000
$100,000,000
$120,000,000
12/31/2023 12/31/2024 12/31/2025.
$95,434,647 $94,244,220
$100,753,074
$901,789 $645,337 $601,215
MONTH ENDING DEC. 31, 2025
City of Covina & Agency* Total Cash & Investments
Three Year Comparison
City Agency*
sdsdad
Attachment A-7 City Agency
Carrying Cost Plus
Description Accrued Interest Purch. Amortized Cost Fair Value Accrued Interest United States Treasury:
Bills $ 48,970,617,951.23 $ 49,338,506,593.25 $ 49,356,440,050.00 NA Notes $ 42,852,981,933.63 $ 42,838,254,758.50 $ 43,106,408,200.00 $ 413,989,011.00 Federal Agency:
SBA $ 272,728,568.94 $ 272,659,522.31 $ 269,920,982.04 $ 1,029,710.08 MBS-REMICs $ 910,223.69 $ 910,223.69 $ 919,160.27 $ 3,970.77 Debentures $ 4,721,257,842.07 $ 4,721,039,439.29 $ 4,740,550,040.00 $ 44,662,554.90 Debentures FR $ - $ - $ - $ -
Debentures CL $ 2,850,000,000.00 $ 2,850,000,000.00 $ 2,862,628,300.00 $ 25,636,928.00 Discount Notes $ 28,745,345,423.63 $ 29,066,588,951.47 $ 29,075,974,500.00 NA Supranational Debentures $ 3,935,666,630.98 $ 3,935,426,630.98 $ 3,957,557,380.00 $ 45,105,985.00 Supranational Debentures FR $ - $ - $ - $ -
CDs and YCDs FR $ - $ - $ - $ -
Bank Notes $ 200,000,000.00 $ 200,000,000.00 $ 200,027,928.43 $ 3,284,861.11 CDs and YCDs $ 14,800,000,000.00 $ 14,800,000,000.00 $ 14,803,815,924.21 $ 160,042,100.00 Commercial Paper $ 8,752,131,958.23 $ 8,834,027,027.73 $ 8,837,032,333.36 NA Corporate:
Bonds FR $ - $ - $ - $ -
Bonds $ 947,357,886.31 $ 947,182,657.15 $ 949,664,822.00 $ 9,580,921.31 Repurchase Agreements $ - $ - $ - $ -
Reverse Repurchase $ - $ - $ - $ -
Time Deposits $ 5,282,000,000.00 $ 5,282,000,000.00 $ 5,282,000,000.00 NA PMIA & GF Loans $ 262,742,740.00 $ 262,742,740.00 $ 262,742,740.00 NA TOTAL $ 162,593,741,158.71 $ 163,349,338,544.37 $ 163,705,682,360.31 $ 703,336,042.17 Fair Value Including Accrued Interest $ 164,409,018,402.48 Repurchase Agreements, Time Deposits, PMIA & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost).
The value of each participating dollar equals the fair value divided by the amortized cost (1.002181483) As an example: if an agency has an account balance of $20,000,000.00, then the agency would report its participation in the LAIF valued at $20,043,629.66 or $20,000,000.00 x1.002181483 State of California
Pooled Money Investment Account
Market Valuation
12/31/2025
Attachment A-8