CC 10-21-2025 Searchable Packet.pdf — Cupertino City Council, October 21, 2025 (part 2 of 3)

construed as continuations of those provisions a nd not as an amendment to or readoption of the earlier provisions.

SECTION 3: California Environmental Quality Act.

This Ordinance is not a project under the requirements of the California Environmental Quality Act, together with related State CEQA Guidelines (collectively, “CEQA”) because it has no potential for resulting in physical change in the environment and is adopted to implement provisions of California Government Code Sections 65852.21 and 66411.7 . In the event that this Ordinance is found to be a project under CEQA, it is subject to the CEQA exemption contained in CEQA Guidelines section 15061(b)(3) because it can be seen with certainty to have no possibility that the action approved may have a significant effect on the environment. CEQA applies only to actions which have the potential for causing a significant effect on the environment. Where it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on t he environment, the activity is not subject to CEQA. In this circumstance, the amendments to the City Code would have no or only a de minimis impact on the environment . The foregoing determination is made by the City Council in its independent judgment.

SECTION 4: Effective Date.

This Ordinance shall take effect thirty days after adoption as provided by Government Code Section 36937.

SECTION 5: Publication.

The City Clerk shall give notice of adoption of this Ordinance as required by law.

Pursuant to Government Code Section 36933, a summary of this Ordinance may be prepared by the City Clerk and published in lieu of publication of the entire text. The City Clerk shall post in the office of the City Clerk a certified copy of the full text of the Ordinance listing the names of the City Council members voting for and against the ordinance.

INTRODUCED at a regular meeting of the Cupertino City Council on October 7, 2025 and ENACTED at a regular meeting of the Cupertino City Council on October 21, 2025 by the following vote:

Members of the City Council
AYES:

NOES:
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ABSENT:

ABSTAINED:

SIGNED:

Liang Chao, Mayor
City of Cupertino

Date
ATTEST:

Kirsten Squarcia, City Clerk

Date
APPROVED AS TO FORM:

_______________________
Floy Andrews, Interim City Attorney
Aleshire & Wynder, LLP

________________________
Date
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EXHIBIT A

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CUPERTINO TO

AMEND MULTIPLE CHAPTERS OF THE MUNICIPAL CODE FOR CONSISTENCY WITH SENATE BILL 450 AND MINOR TEXT EDITS

The sections of the Cupertino Municipal Code set forth below are amended or adopted as follows:

Chapter 14.15

1. Update to Section 14.15.020 (A) (1) – Table 14.15.020:

Type of Permit Total
Landscape
Area
Requirement
Building Permits
New home in R1, RHS, A1 or
R2 Zones
< 500 s.f.

Prescriptive Compliance Application
(Appendix A) - Informational only

500 s.f. -
2,499 s.f.

Prescriptive Compliance Application
(Appendix A) or Landscape
Documentation Package (Sec.

14.15.050)
≥ 2,500 s.f. Landscape Documentation Package
(Sec. 14.15.050)
Planning Permit or Grading Permit
New home in R1, RHS, A1 or
R2 Zones
<500 s.f. Prescriptive Compliance Application
(Appendix A) - Informational only
500 s.f. -
2,499 s.f.

Prescriptive Compliance Application
(Appendix A) or Landscape
Documentation Package (Sec.

14.15.050)
≥ 2,500 s.f. Landscape Documentation Package
(Sec. 14.15.050)
Commercial, industrial, office,
multiple-family residential,
townhome, public and
institutional projects
< 2,500 s.f.

Prescriptive Compliance Application
(Appendix A) or Landscape
Documentation Package (Sec.

14.15.050)
≥ 2,500 s.f. Landscape Documentation Package
(Sec. 14.15.050)
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Any landscape installation or
rehabilitation project
< 2,500 s.f. Prescriptive Compliance Application
(Appendix A) - Informational only
≥ 2,500 s.f. Landscape Documentation Package
(Sec. 14.15.050)
New and rehabilitated
cemeteries >0 s.f.

Water Budget Worksheet (Appendix
B)
Landscape and Irrigation
Maintenance Schedule (Sec.

14.15.120)
Landscape Installation Report (Sec.

14.15.130)
Existing and established
landscapes, including
cemeteries
>1 acre
Water Budget Worksheet (Appendix
B)
Audit of Established Landscapes
(Sec. 14.15.150)

Chapter 14.18

2. Update Section 14.18.160.

Diameter of Trunk Size of Removed Tree (Measured
4½ feet above grade) Replacement Trees
Up to 12 inches* One 24" box tree
Over 12 inches and up to 36 inches Two 24" box trees or One 36" box tree
Over 36 inches One 36" box tree
Heritage tree One 48" box tree
* Does not apply to R1, A1, A, RHS, and R2 zones except to approved development trees, and approved privacy protection plantings.

Chapter 18.20

3. Add Section 18.20.180:

18.20.180 Subdivision Standards for Two-Lot Subdivisions in Single-Family Residential Zones.

A. Lot Configuration

1. Single-
Family
Residential
Zones (R1)
a. No more than two new, non-curved property lines may be added to create a new lot.
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b. Existing interior lots or pie shaped lots with either (i) 60 feet or more street frontage, or (ii) more than 75 feet of street frontage and a lot depth of up to 145 feet, shall result in a street frontage that is between 40-60% of the existing street frontage of the lot being subdivided. Resulting lots shall have a side-by-side orientation and shall not create a landlocked parcel.
c. Existing interior lots or pie shaped lots with more than 75 feet of street frontage and a lot depth of more than 145 feet, may be subdivided in one of the following ways:
i. Resulting lots shall have a street frontage that is at least 40% of the existing street frontage of the lot being subdivided. Lots shall have a side-by-side orientation
and shall not create a landlocked parcel; or
ii. One of the resulting lots shall be a flag lot with access to the street. The buildable area of the flag lot shall span the entire distance between the two side property
lines that intersect with the front property line of the lot being subdivided.
d. Existing interior lots or pie shaped lots with less than 60 feet of street frontage shall result in one flag lot with access to the street. The buildable area of the flag lot shall span the entire distance between the two side property lines that intersect with the front property line of the lot being subdivided.
e. Existing flag lot subdivision shall result in lots in the same orientation as the existing lot (i.e., the existing front lot line must be the front lot line of the future lots and the existing rear lot line shall be the rear lot line of the future lots) and that are between 40-60% of the lot width of the lot being subdivided.
f. Corner lots shall be subdivided in a manner that splits the existing street side property line to create at least one front lot line on that frontage.

2. Residential
Hillside
Zones (RHS)
a. Up to two new property lines may be added to create a new lot and shall follow the contours of the property.
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b. Each resulting lot shall share one common driveway. If an existing driveway or curb cut exists, a new driveway or curb cut location shall not be approved.
c. If in an area where direct sanitary sewer connection is unavailable, a percolation test completed within the last five years, or if the percolation test has been recertified, within the last 10 years, must be provided.
d. Building pads shall be identified on the flattest portion of a lot, closest to an existing driveway. Where no driveway exists, building pads shall be identified on the flattest portion of the lot, closest to the access road unless doing so would result in a combined grading total greater than that required for siting elsewhere on the lot.
e. No new or expanded structures shall encroach upon any existing public or private utility easements.
f. A cumulative total of 1,250 cubic yards, cut plus fill (including grading for building pad, yard areas, driveway, all other areas requiring grading, and basements), except if the original lot that was subdivided has already performed prior grading, then the amount of grading that has
previously occurred shall be reduced from the maximum
grading quantity allowed cumulatively on the two
resulting lots.

4. Modify Section 18.20.170 (H):

H. Objective Subdivision Standards for Ministerially Approved Lot Splits. In addition to any applicable objective subdivision standards in this Title or the Subdivision Map Act and the requirements of Government Code Section 66411.7, a lot split approved pursuant to this Section must, to the maximum extent permissible under Government Code Section 66411.7, comply with the objective standards including but not limited to objective standards for urban lot splits set forth in Sections 18.20.180, 19.28.060, and 19.40.050.

Chapter 18.52

5. Add Section 18.52.030 (B) (4):

B. Lot Configuration.
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4. In addition to the requirements of this Chapter, Hillside Subdivisions for two-lot subdivisions shall also apply the standards of Section 18.20.180.

Chapter 19.08

6. Update Section 19.08.030, “Bay Window” definition:
"Bay window" means a projecting window element that is not an extension of the floor area and does not incorporate any usable space for seating or other purposes.

Additionally, a bay or projecting window shall:
a. Be a projection of windows, not walls;
b. Be cantilevered no more than twenty-four inches, horizontally, from an exterior wall;
c. Be a minimum of twenty-four inches from the finished floor; d. Not create a projection of the floor;
e. Not occupy more than 50% of an interior wall face.

These limitations do not apply to bay windows which have been counted towards floor area and meet required setbacks.

7. Update Section 19.08.030, to add “Front Entry Porch” definition:
“Front Entry Porch” means outdoor steps, stairs, and/or a raised platform less than 50 square feet in area, located immediately adjacent to the primary entry of a building for the purpose of providing pedestrian access from the outdoor ground elevation to a building interior. If the platform portion of a front entry porch (not including steps) is more than 50 square feet or has a proportionately greater width than its height, the structure is considered a porch.

8. Update Section 19.08.030, “Lot” definition:
"Lot" means a parcel or portion of land separated from other parcels or portions by description, as on a subdivision or record of survey map, or by metes and bounds, for purpose of sale, lease or separate use.

1. "Corner lot" means a lot situated at the intersection of two or more streets, or bounded on two or more adjacent sides by street lines.

2. “Flag lot” means a lot with a long, narrow portion of the lot, or parcel of land not otherwise meeting the requirement of this title for lot width that consists entirely 158
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of and provides the sole means of vehicular connection between the buildable area of the lot and an abutting street.

3. “Interior lot” means a lot other than a corner lot or a flag lot.

4. “Key lot” means the first lot to the rear of a corner lot, the front line of which is a continuation of the side lot line of the corner lot, and fronting on th e street which intersects or intercepts the street on which the corner lot fronts.

5. "Pie-shaped lot" means an interior lot, that is not a flag lot, where the front lot line abuts a cul-de-sac, and a) is at least 20% shorter than the rear lot line or b) has five or more lot lines.

9. Update Section 19.08.030 to add “Porch” definition:
“Porch” means outdoor steps, stairs, and/or a raised platform, located immediately adjacent to an entrance to a residential structure for the purposes of providing pedestrian access from the outdoor ground elevation to a building interior and/or private, recreational open space. A porch differs from a front entry porch or a front entry feature, which has a proportionately greater height than its width and is less than 50 square feet in area.

10. Update Section 19.08.030, “Useable Rear Yard” definition:
"Usable rear yard" means that area bounded by the rear lot line(s) and the rear building line extended to the side lot lines. The side yard adjacent to a proposed minor addition (e.g., addition equaling ten percent or less of the principal structure) may be included in calculation of usable rear yard area.

11. Revise Appendix C of Chapter 19.08:

Appendix C: Cupertino Standard Detail 7-6 Sidewalk Sight Triangle (Sidewalk Clearance at Driveways).

Chapter 19.12

12. Update Section 19.12.020 (A):

A. In the A, A1, R-1 and RHS Zones, the following activities:

1. Conditional uses in accord with Chapter 19.20, Chapter 19.24, Chapter 19.28, and Chapter 19.40;

2. Removal of protected trees identified in Chapter 14.18;

3. Projects in R-1 zones identified in Section 19.28.040; 159
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4. Height Exceptions identified in Section 19.24.050(B)(3);

5. Hillside Exceptions identified in Section 19.40.070, Section 19.40.050, and Chapter 19.48;

6. Parking Exceptions identified in Chapter 19.124;

7. Fence Exceptions identified in Chapter 19.48;

8. Variance to all other zoning regulations.
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13. Update portions of Table 19.12.030:

Type of Permit or
DecisionA, B
Administr
ative
ReviewA,B
Arts and
Culture
Commissi
on
Planning
Commissi
on
City
Council
Public
Hearing/
Public
Meeting/
Comment
PeriodC
Noticing RadiusD Posted Site
Notice
Expir
ation
DateE
Chapter/
Findings
Development
Agreements - - R F PH CA. Govt. Code
65867 Yes - 19.144.110
Development Permits
Major F, H - - F/R A1/F PM 19.12.110/
300’
Yes 2 Years 19.156.040 Minor G F - A1 A2 PM Yes 2 Years Conditional Use Permits
MajorF, H, I F - A1/F/R A1/ A2/F PH CA. Govt. Code
65905 Yes 2 years 19.156.040
Hillside Exception/
Height Exception/
Heart of the City
Exception I
- - F A1 PH 19.12.110/300' Yes 2 years

19.40.080,

19.24.050,

19.136.090
Variance F - A1 A2 PH CA. Govt. Code
65905 Yes 2 years 19.156.050
Parking
Exceptions I F - FA1 A1/A2 Varies M

19.12.110/
Adjacent/
300' N
Yes 1 year 19.124.060
Protected Trees
Tree Removal F - A1 A2 CP Adjacent, unless
exempt
Yes, unless
exempt 1 year 14.18.110
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14. Update footnote K of Table 19.12.030:

Minor Architectural and Site Approval application - single family home in a planned development zoning district; minor building architectural modifications; landscaping, signs or lighting for new development; permanent supportive housing with up to 6 units subject to by-right processing as required by Government Code Section 65650 et seq.; redevelopment or modification in such zones where review is required; and minor modifications of duplex and multi-family buildings.

15. Update Section 19.12.110 (D) (1):

D. Notice of Comment Period: For projects requiring notice of a comment period, notice shall be mailed in accordance with 19.12.110A(2) and A(3), fourteen calendar days prior to the date of action on the application.

1. For permits issued pursuant to Chapter 19.28, Single Family Residential, the mailed notice shall include a copy of the site plan and elevation plans of the proposed project, unless plans contain protected information, as defined by California Government Code Section 65103.5.

Chapter 19.16

16. Update Section 19.16.060:

Whenever it is found that a lot or site is divided by a boundary between districts, the provisions of the zoning regulations applicable within each district shall apply only to the portion of this site situated in each separate district.

Chapter 19.28

17. Update Section 19.28.060:

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R1-5 R1-6, 7.5, 8, 10, 20, etc., and R1-6e R1-a
A. Minimum net lot area1
i. 5,000 square feet ii. the number multiplied by 1,000 square feet iii.10,000 square feet
iv. For lots created under the provisions of Government Code Section 64411.7, each of the resulting lots shall have a lot area of at least 40% of the original lot being subdivided, with no lots less than 1,200 square feet.

B. Minimum lot width (at
the front setback line) i. 50 feet ii. 60 feet iii. 75 feet C. Landscaping
i. See Chapter 14.15, Landscape Ordinance
ii. At least 50% of the front yard of any project
approved pursuant to Chapter 19.28.150 shall be
occupied by non-hardscape landscaping
iii. Landscaping plans are required for all
additions or new homes. The purpose of
the landscaping is to beautify the
property and to achieve partial screening
of building forms from the street and
adjacent properties. Generally, the
landscaping may include shrubbery,
hedges, trees, or lattice with vines on
fences
iv. At least 50% of the front yard of any
project approved pursuant to Chapter

19.28.150 shall be occupied by non-
hardscape landscaping
D. Development proposed on building pads/graded area with slopes equal to or greater than 20%

1. Total site grading (cut
plus fill)2,3
i. 2,500 cubic yards maximum.
ii. Projects that exceed the maximum quantity shall require Architectural and Site Approval per Section 19.28.040(G).
iii. Total site grading shall be limited to 2,500 cubic yards for the entire site as calculated prior to subdivision.
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R1-5 R1-6, 7.5, 8, 10, 20, etc., and R1-6e R1-a
Flat yard area created by grading areas that are sloped more than 10% shall be limited to 2,500 square feet, not including the driveway, as calculated prior to any subdivision.

2. Fences See Chapter 19.48, Fence Ordinance
E. Development on properties with an average slope greater than 10% shall comply with Sections 19.40.050 (F), (G), and (I) and Sections 19.40.060(E), (H), (I) and (J).

F. Development (structures, improvements, or grading)

1. On actual slopes ≥ 30%
i. Limited to 500 square feet and subject to the requirements of Sections 19.40.050 (F), (G), and (I) and Sections 19.40.060 (E), (H), (I) and (J).
ii. Development greater than 500 square feet shall be subject to a Hillside Exception by the Planning Commission in accordance with section 19.40.080 of the RHS Ordinance. iii. In all cases, the following shall apply:
a. Change in grade elevation shall be limited to the minimum extent necessary to ensure adequate drainage and access as demonstrated by a grading and drainage plan prepared by a registered civil engineer.
b. Split level designs shall be used to avoid additional change in grade elevation. c. Unless otherwise required by the City Engineer, spoils shall be balanced on site and shall match the existing grading and drainage pattern of the site. d. Unless required by the City Engineer, development shall not result in a finished floor more than 36 inches above finished grade.

G. On-site improvements

All properties shall provide a 4.5 foot wide pathway, a 4.5 foot wide planting strip, curb and gutter, curb cut, AC pavement, and underground utilities at the street as follows:

1. Detached pathway when a property on either side of the subject property has a detached pathway;

2. Monolithic pathway when a property on either side of the subject property has a monolithic pathway

3. When properties on either side of the subject property do not have a pathway, a pathway that matches the pre-dominant pattern of pathways on the street, as determined by the City 164
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R1-5 R1-6, 7.5, 8, 10, 20, etc., and R1-6e R1-a
Engineer, shall be provided, unless the subject property has a “semi-rural” designation adopted by City Council resolution.

4. The City Engineer shall adopt any objective standard necessary to implement the requirements of this paragraph.

H. Curb Cuts

1. For interior lots with a street frontage of 35 feet or less, no more than a one-car-wide curb cut shall be permitted. A distance of at least 22 feet shall be provided between two, one-car-wide curb cuts, else, a shared driveway with no more than a two-car curb cut, may be provided.

2. Unless subject to subsection (3) below, for interior or pie shaped lots with a street frontage of more than 35 feet: a maximum of a two-car curb cut is permitted provided a distance of at least 22 feet is provided between existing and proposed driveway flares, else the curb cut shall be limited to a one-car curb cut.

3. When a subdivision results in a flag lot, the two resulting lots shall share vehicular access off of the access area of the resulting flag lot, unless one of the lots is an interior lot with at least 50 feet of street frontage. A maximum two-car curb cut is permitted at the right-of way. No other curb cuts shall be permitted.

4. Where a shared driveway (not through a flag lot) is proposed:
i. No additional curb cuts shall be permitted.
ii. 50% of the width of the shared driveway curb cut shall be on each property. iii. A maximum two-car curb cut shall be permitted.

5. On lots where an existing residence is retained on the site of a subdivision, an existing curb cut of not more than 18 feet in width may remain when providing exclusive access to the existing residence.

6. A maximum 18’ wide car curb cut is allowed when a two-car curb cut is permitted.

7. A maximum 12’ wide curb cut is allowed when a one-car curb cut is permitted.

I. Driveways

1. When a subdivision results in a flag lot, the access area shall be a minimum of 20 feet and a maximum of 25 feet in width, comprising a minimum 16-foot drive aisle and a minimum 2-foot- wide landscaping planter on either side.
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R1-5 R1-6, 7.5, 8, 10, 20, etc., and R1-6e R1-a

2. Where shared driveway access through a flag lot is required and would provide access to new development, the driveway access for the front lot shall be located in the rear 50% of the property.

3. A one-car driveway shall be a minimum of 10 feet in width and a maximum of 12 feet in width.

4. A two-car driveway shall be a maximum of 20 feet in width. Any third or more driveway spaces shall be in tandem.

5. Subparagraphs 3 and 4 do not apply to the flag lot access area.

6. When shared access is proposed, a covenant, necessary for appropriate ingress and egress easements, shall be recorded prior to final parcel map recordation.

7. A maintenance agreement shall be recorded to ensure shared maintenance of any shared access easements, stormwater treatment, landscaping, and private utilities, prior to final parcel map recordation.

J. Easement and Covenants

1. Utility easements shall be recorded prior to final parcel map recordation.

2. A covenant necessary for maintenance of stormwater treatment facilities shall be recorded prior to final map recordation.

K. Public Improvements
If no dedication was required for the creation of a lot, any future development project shall include a dedication to accommodate the predominant public right-of-way, as determined by the City Engineer, abutting the corresponding lot line and frontage improvements, including curb, gutter and sidewalk, which shall be installed by the applicant at his or her expense.

L. Private Open Space
Each unit must provide at least 15% of the unit floor area as private open space on the first floor, with no dimension less than 10 feet. Private open space shall not be located in the required front yard setback area.

Notes:

1. Lots, which contain less area than required by its zoning designation, but not less than 5,000 square feet, may nevertheless be used as building sites, provided that all other applicable requirements of this title are fulfilled.

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R1-5 R1-6, 7.5, 8, 10, 20, etc., and R1-6e R1-a
possible. Grading quantities for multiple driveways are divided equally among the participating lots, e.g. two lots sharing a driveway will divide the driveway grading quantity in half. The divided share will be charged against the grading quantity allowed for that lot development.

3. All cut and fill areas shall be rounded to follow the natural contours and planted with landscaping that meets the following requirements:
i. A landscape plan shall be prepared that addresses measures to prevent soil erosion and to screen cut and fill slopes. ii. A tree planting plan shall be prepared for the site which will screen grading areas, and residential structures, to the greatest possible extent, as well as to reintroduce trees on barren slopes which were denuded by prior agricultural activities. iii. Landscape improvements shall meet the requirements as established in the Landscape Ordinance, Chapter 14.15. iv. Landscape improvements shall be installed prior to final occupancy unless such installation is impracticable, in which case, the applicant shall post a bond, cash, or other security to ensure installation within an 18-month period from occupancy. All such landscape areas shall be properly maintained.

(Continued on next page)

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18. Update Section 19.28.070 (B), 19.28.070 (I), and 19.28.070 (J) (3) and add Section

19.28.070 (L) and 19.28.070 (M):

B. Maximum Floor
Area Ratio

1. 45% of the net lot area, however, a housing development project on a lot having a slope 30% or greater shall not exceed the floor area allowed under Chapter 19.40.
--- --- ---
I. Basements

1. Number,
size, and
volume of
lightwells
a. Shall be the minimum required by the California Residential Building Code for egress, light, and ventilation, unless the basement area is counted towards floor area, except that in the case of a single-story house with a basement, one lightwell may be up to 10 feet wide and 10 feet long.

2. Minimum setback for lightwell retaining walls and basements a. a. Front Yard Same as underlying zoning district
b. Side yard 5 feet
c. Rear yard 10 feet

3. Lightwell
railings
Maximum height of three feet, six inches. The railing shall be located immediately adjacent to the lightwell.

4. Lightwell
screening
Lightwells that are visible from a public street shall be screened by landscaping.

5. Root barrier
measures
The perimeter of all basements and lightwells shall be treated and/or reinforced with the most effective root barrier measures as determined by an ISA certified Arborist in conjunction with recommendations from a certified Structural Engineer.
--- --- ---

3. First Floor and
Second Floor
Building
Envelopes
a. The maximum exterior wall height and building height on single-story structures and single-story sections of two-story structures must fit into the building envelope defined by:
i. A 10-foot-high vertical line from natural grade measured at the property line; and
ii. A 25-degree roof line angle projected inward at the 10-foot- high line referenced above.
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b. Notwithstanding the building envelope, a gable end of a roof enclosing an attic space may have a maximum wall height of 17 feet to the peak of the roof as measured from natural grade, or up to 20 feet with a Minor Residential permit subject to Chapter 19.12.
c. Second-story building envelope: All the maximum exterior wall height and building height on two-story sections of two- story structures must fit into the building envelope defined by:
i. A 16-foot-high vertical line from natural grade measured at the property line; and
ii. A 25-degree roof line angle projected inward at the 16-foot- high line referenced above.
--- --- ---
L. Refuse,
recycling, and
other containers

1. A minimum 8-foot by 3-foot space per unit, not visible from the street, shall be provided in an interior yard behind a fence.

2. This area shall not be concurrent with any emergency access pathway required by the Fire Department.

M. Outdoor
Lighting 1. Shall comply with the requirements of Chapter 19.102.

19. Update Section 19.28.070 (C):

C. Maximum
second to first
floor ratio

1. No limit, see Section 19.28.040(D)(1) for permitting requirements. Homes subject to design review shall comply with the design review principles in Section 19.28.110(C).

20. Update Section 19.28.070 (E) (3) (a) (i):

i. May be reduced to 10 feet, with a Minor Residential Permit, subject to Chapter

19.12, if, after the reduction, the usable rear yard area is not less than 20 times the lot width as measured from the front setback line.

21. Update Section 19.28.070 (F) (2) (a) (i) and 19.28.070 (F) (2) (b) (i):

2. Side yard
a. Interior
Lot 25 feet combined (no side yard setback shall be less than 10 feet) 169
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i. See Section 19.28.040(D)(2) for permitting requirements. Homes subject to design review shall comply with the design review principles in Section 19.28.110(C).
b. Corner lot 25 feet combined side yard setback (no side yard setback shall be less than 10 feet)

i. Interior
Side
10 feet but not less than 20 feet from the rear property line of an adjacent single-family dwelling
A. See Section 19.28.040(D)(2) for permitting requirements. Homes subject to design review shall comply with the design review principles in Section 19.28.110(C).

22. Revise language in Table 19.28.090 (C):

C. Maximum second to
first floor area ratio

1. 40% of the existing or proposed first floor area or 750 square feet, whichever is greater, except as follows:
a. In no case shall a second floor be more than 1,100
square feet in area.

23. Update Table 19.28.090 (J) (3):

3. Entry feature
height
See Single-Family Residential Design Guidelines, Section

19.28.110(A)(7)

24. Add Section 19.28.090 (M) and (N):

M. Refuse,
recycling, and
other containers

1. A minimum of an 8-foot by 3-foot space per unit, not visible from the street, shall be provided in an interior yard, behind a fence.

2. This area shall not be concurrent with any emergency access pathway required by the Fire Department.

N. Outdoor
Lighting 1. Shall comply with the requirements of Chapter 19.102.

25. Update Section 19.28.110 (A):

Any new single-family residential house or addition to an existing house shall be consistent with the adopted single-family residential guidelines in Sections

19.28.110(A) and (B).

A. Single-Family Residential Design Standards for all projects.1, 2 170
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1. There shall not be a three-car wide driveway curb cut.

2. No more than fifty percent of the front elevation of a house shall consist of garage area, unless doing so would result in an area that could not accommodate the minimum required setbacks and enclosed parking area. a. The maximum width of a garage on the front elevation shall be twenty-five feet, which will accommodate a two-car garage. Additional garage spaces shall be provided through the use of a tandem garage or a detached accessory structure at the rear of the property.2

3. Usable living area, not including any architectural feature, porch, or patio, shall be a minimum of two feet closer to the street than the garage, unless a side entering garage with curved driveway is provided or the lot is not wide enough to accommodate living area adjacent to the garage.

4. All roofs shall have at least a one-foot overhang.

5. Air conditioning units and similar mechanical equipment such as generators, sump pumps, heating, and ventilation equipment should be ground-mounted and screened from public view, or underground, and shall meet accessory structure setbacks and adhere to the requirements of Chapter 10.48 of the Municipal Code. Mechanical, heating, or cooling equipment or associated piping installed on the roof shall be screened from the public right away, except in R1-e zones where roof top equipment is not allowed.

6. Porches are encouraged.
a. In the R1-a zone, the following porch design guidelines apply2:
i. When viewed from the street, a porch shall appear proportionately greater in width than in height. A porch differs from an entry element, which has a proportionately greater height than its width. ii. Structural supports shall be designed such that the appearance is not obtrusive or massive.
iii. The use of large columns or pillars is discouraged. iv. The eave height for a front porch shall not be significantly taller than the eave height of typical single-story elements in the neighborhood. v. Porch elements shall have detailing that emphasizes the base and caps for posts and fence elements.
b. In R1-6e and R1-a zones, entry features shall not be higher than fourteen feet from natural grade to plate.2

7. All garage doors shall be recessed a minimum of six (6) inches from the surrounding building wall and shall include trim of at least one and a half (1.5) inches in depth.
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8. Where the garage faces the side yard, but is visible from the street, the garage shall incorporate a window on the street front facade so that it appears to be a habitable portion of the house. The window style must be the same as the windows on the habitable dwelling unit(s).

9. Exterior and/or uncovered stair access shall not be allowed to the second floor.

10. Except in R1-e zones, the elevation facing a street shall incorporate at least four architectural features, such as bay windows or an entry feature, and/or elements of architectural interest, such as wall insets or offsets, planters, railings, trellises, a combination of roofing elements (e.g., hip and gable roofs), dormers, change in architectural materials, quoins, accent tiles, or a prominent accent window inset greater than six inches. Windowsills, door or window trim, and roofing materials do not count as one of the features.

11. Gable ends and Dutch gable ends taller than thirty inches shall include at least one element of architectural interest such as:
 a wall offset with corbels, brackets, or change in materials;  louvered wood or metal vents;
 clay of terracotta tile vents;
 accent tile decoration;
 medallion decoration;
 metal grille;
 a change in architectural materials;
 incorporation of corbels;
 decorative gable pediments;
 eyebrow trellises or pergola structurally attached to the building; or  windows/glazing.

12. Stone veneer or accent materials used as a wainscot on a street facing façade shall be wrapped around to the side façade and end at a logical terminus, such as a fence line or a chimney or at an interior corner. Stone veneer or any other siding material wrapped on columns shall terminate at the floor or ground, as applicable.

26. Update Section 19.28.120:

To mitigate privacy impacts and the visual mass and bulk of new two-story homes and additions, tree and/or shrub planting is required. The intent of this section is to provide substantial screening of views into neighboring residential side or rear 172
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yards within three years of planting, in order to protect the privacy of adjoining properties.

27. Update Section 19.28.120 (A):

A. Applicability. These requirements shall apply to new two-story homes, second- story decks, two-story additions, modifications to the existing second-story decks and/or new windows on existing two-story homes that increase privacy impacts on neighboring residents.

1. These requirements shall not apply to:
a. Skylights;
b. Windows with sills more than five feet above the finished second floor; c. Obscured, non-openable windows;
d. Windows with permanent exterior louvers to a height of five feet above the second floor;
e. Non-operable windows with obscure glass to a height of five feet above the second floor;
f. Windows which do not have views into a neighboring side or rear yard or that face a street or a non-residential zoning district; and g. When waivers have been obtained from all affected property owners.

28. Update Section 19.28.120 (C) (1) and (2):

1. Front Yard Tree Planting.
a. The tree shall be twenty-four-inch box or larger low to moderate water using tree that typically grows to a mature height of more than 30 feet, planted at a minimum height of six feet, as measured from adjacent grade. California native trees are preferred.
b. The tree shall be planted in front of new second stories in the center 50% of the front yard setback area.
i. In the R1-a zone, the tree shall be placed to where views from second story windows across the street are partially mitigated. c. The Director of Community Development may waive the front yard tree or allow the tree to be planted outside of the center 50% of the front yard setback area based on a report from an internationally-certified arborist citing unavoidable conflict with existing mature tree canopies onsite or in the public right-of-way.
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d. An existing mature tree in the front yard that is or can typically grow to a height of 30 feet or more and is located in the center 50% of the front yard can be used as the front yard tree, subject to an ISA certified arborist certifying that the tree is in good health.
e. A covenant shall be recorded to identify the front yard tree as a Protected Tree and notifying current and future property owners to retain and maintain the tree in good health.

2. Privacy Planting.
a. New trees and/or shrubs are required on the applicant's property in an area bounded by a thirty-degree angle on each side window jamb and a 180- degree angle from each corner of a balcony or second story deck, modified by the angle created between the furthest corner of the balcony or deck and the corresponding corner of the second story portion of the structure, as shown in the City’s Privacy Protection Requirements Handout.
b. The following is required for all side and rear yard-facing second story windows in the R1-6e zone:
i. Cover windows with exterior louvers to a height of five feet above the second floor; or
ii. Obscure glass to a height of five feet above the second floor; or iii. Have a windowsill height of five feet minimum above the finished second floor.
c. The Planning Division shall maintain a list of allowed privacy planting trees and shrubs. The list includes allowed plant species, minimum size of trees and shrubs, expected canopy or spread size, and planting distance between trees.
i. In the R1-a zone, the minimum height of privacy trees at the time of planting shall be twelve feet.
ii. In the R1-a zone, privacy planting shall have a minimum setback from the property line equivalent to one-quarter of the spread noted on the City list.
d. The trees and/or shrubs shall be planted prior to issuance of a final occupancy permit.
e. Windows or other openings in the wall with a side yard setback less than 10 feet or a rear yard setback of less than 25 feet shall have a minimum windowsill height of more than five feet or shall have obscure glass and be inoperable with a fixed pane(s).
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f. The minimum planter width required for privacy planting shall be three feet.

Emergency access paths shall not be concurrent with areas designated as privacy planting planters.
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29. Update Section 19.28.150:

E. Objective Zoning and Design Standards for Ministerially Approved Housing Development Projects in the R-1 District. In addition to any applicable objective zoning standards, objective subdivision standards, and objective design review standards in the Municipal Code, a housing development project approved pursuant to this Section must comply with all applicable objective zoning and design standards to the maximum extent permissible under Government Code Section 65852.21, including but not limited to the following standards for ministerial development projects:

1. Development Standards (Gov.

Code, § 65852.21)
a. Units shall not exceed 800 square feet per unit and shall comply with Paragraph B, above.; or b. Units exceeding 800 square feet may be permissible if compliant with the following:
i. Cumulative Floor Area Ratio and Lot Coverage of the applicable zoning district (i.e. R1, R1-a, R1-e, or R1-i); and
ii. The requirements of Paragraph B; and
iii. Subparagraphs 2 through 16 of this Paragraph.
c. If the site has been occupied by a tenant in the last three years, no alteration or demolition of an existing unit shall occur.

2. Second to First Floor Area
Ratio:
a. The ratio of the second story to first story floor area shall not exceed 66% in all R1 zoning districts except the R1-a district.
b. In the R1-a zoning district: See Section 19.28.090 (C).

3. Interior Areas a. See Section 19.28.070 (D)

4. Setbacks:
a. Minimum first-story front setback is 20 feet, unless otherwise required in a tract map or zoning map except that:
i. In the R1-a zoning district, the required minimum setback is 30 feet. b. Minimum second-story front setback is 25 feet except that:
i. In the R1-a zoning district, the required minimum setback is 30 feet. c. Minimum first- and second-story side and rear setbacks shall be four feet each; provided, however, that:
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i. No setbacks shall be required for an existing structure or for a structure constructed in the same location and to the same dimensions as an existing structure. ii. No new or expanded structures shall encroach upon any existing public or private utility easements.
iii. No setback shall be required from a shared new side lot line between the two new lots created pursuant to an Urban Lot Split under Government Code Section 66411.7 when:

1. More than one new primary dwelling unit is approved concurrently with an Urban Lot Split; and

2. Units with a zero-foot setback are developed concurrently; and

3. All other side yard setbacks are a minimum of five feet on the first story and 10 feet on the second story; and

4. The entirety of wall faces along the shared property line are structurally attached; and

5. Structures along the new shared property line are no more than zero feet or less than four feet.
iv. The required building envelope shall not apply to the portions of structures with a zero- foot setback.
d. Corner Triangle: No portion of a structure shall be located within a corner triangle, provided that in no case shall a side yard setback of more than four feet be required. e. Detached structures: Detached structures located on the same lot shall have a setback of five feet as measured between the eaves of the two structures.

5. Maximum height:
a. Principal Dwelling units are limited to 28 feet in height and no more than two stories except that:
i. In R-1 Zoning Districts with “i" suffix, buildings shall be limited to one story (not to exceed 18 feet).
b. First-story building envelope: See Section 19.28.070 (J) (3). i. Second-story building envelope: See Section 19.28.070 (J) (3). 177
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c. Notwithstanding subsections (b) and (c) above, portions of the structures developed utilizing the provisions of subsection (4)(c) above, do not have to meet the first story or second story building envelope requirements.

6. Basements: Allowed, subject to the requirements outlined in Section 19.28.070 (I).

7. Landscaping and Privacy
Protection:
a. Landscaping: All proposed landscaping shall meet the requirements of Chapter 14.15 of the Municipal Code.
b. Front Yard Tree Required: Shall be provided in the same manner as required pursuant to Section 19.28.120.
c. Privacy Protection Planting: shall be provided in the same manner as required pursuant to Section 19.28.120.

8. Private open space: See Section 19.28.110 (A) (12).

9. Permitted yard encroachments:
a. Front entry features may encroach into a required front yard setback up to three feet. b. Architectural features may extend into a required yard a distance not exceeding three feet. c. No architectural feature, or combination thereof, whether a portion of a principal or accessory structure, may extend closer than three feet to any property line.

10. Second story decks, balconies,
or similar features Minor Residential Permit required consistent with Section 19.28.070 G.

11. Design Standards: a. See Sections 19.28.060, 19.28.070, and 19.28.110 (A).

12. Accessory buildings/structure:
a. Allowed pursuant to the requirements of Chapter 19.100, except that Accessory Dwelling units or Junior Accessory Dwelling units shall not be permitted on any lot in the R-1 zoning district if a lot split has been approved pursuant to Section 18.12.170 and one or more unit(s) has been approved for construction pursuant to this Section on each resulting lot.

13. Refuse, recycling, and other
containers
See Section 19.28.070 (L) and 19.28.090 (M).

14. Parking a. Units shall have at least one off-street parking space, except that parking requirements shall not be imposed in either of the following instances:
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i. The parcel is located within one-half mile walking distance of either a high-quality transit corridor, as defined in Public Resources Code Section 21155(b) Code, or of a major transit stop, as defined in Public Resources Code Section 21064.3. ii. There is a car share vehicle located within one block of the parcel. b. Each parking space shall be provided in an enclosed garage encompassing a 10’ by 20’ space, unobstructed (i.e., by walls, appliances, etc.) between six inches from finished floor up to six feet from finished floor.
c. When additional enclosed parking space(s) is/are provided, the space(s) shall meet the requirements of Chapter 19.124.

15. Driveway and curb cuts: Subject to the requirements of Sections 19.28.070 (G) and 19.28.070 (H).

16. Short Term Rentals Prohibited: No residential unit created pursuant to this Section may be rented for a term of 30 days or less. 179
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Chapter 19.36

30. Update Table 19.36.070 (C) (3):

Projects with up to four units Projects with five or more units

3. Rear-
yard
20 feet or 20% of
the lot depth,
whichever is
greater. Main
building may
encroach as close
as 10 feet to rear
lot line if
a usable rear-yard
setback area of
not less than
twenty times the
width of the lot is
maintained.
20 feet or 20% of
the lot depth,
whichever is
greater.
20 feet or 20% of
the lot depth,
whichever is
greater. Main
building may
encroach as close
as 10 feet to rear
lot line if
a usable rear-yard
setback area of not
less than twenty
times the width of
the lot is
maintained.
20 feet or 20% of
the lot depth,
whichever is
greater.

Additional 10 feet
for floors more
than one story
higher than any
adjacent primary
residential
structures.

31. Edit Table 19.36.070 (G):

G. Corner Triangle and Sidewalk
Sight Triangle
Shall remain free and clear of all buildings or
portions thereof
Chapter 19.38

32. Edit Table 19.38.070 (F):

Chapter 19.40

33. Update Section 19.40.040 (A):

A. Site Plans that show topographical information at contour intervals not to exceed ten feet and a horizontal map scale of one inch = two hundred feet or larger and identify all areas with slopes of thirty percent or more.

34. Update Section 19.40.050 (B) (5), 19.40.050 (E) (1), 19.40.050 (F) (1) and (2), and

19.40.050 (I) through (K):

F. Corner Triangle and Sidewalk Sight
Triangle
Shall remain free and clear of all buildings or
portions thereof.
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B. Minimum Lot Area

5. Lots created and/or
developed pursuant to
Government Code
Section 64411.7 and
65852.21
a. Each resulting lot shall be at least 40% of the size of the original lot being split.
b. No side or rear setbacks shall be required for an existing structure or for a structure constructed in the same
location and to the same dimensions as an existing
structure.
--- --- ---
E. Site Grading

1. Maximum Grading
Quantity
a. Cumulative total of 2,500 cubic yards, cut plus fill.

Includes: grading for building pad, yard areas, driveway and all other areas requiring grading.

Excludes: basements
b. All cut and fill shall be rounded to contour with natural contours and planted with landscaping which meets the
requirements in Section 19.40.050 F.
c. In all cases, the following shall apply:
i. Changes in grade elevation shall be limited to the
minimum extent necessary to ensure adequate drainage
and access as demonstrated by a grading and drainage
plan prepared by a registered civil engineer.
ii. Split level designs shall be used to avoid additional changes in grade elevation.
iii. Unless otherwise required by the City Engineer, spoils shall be balanced on site and shall match the existing
grading and drainage pattern of the site.
iv. Unless required by the City Engineer, development shall not result in a finished floor more than 36 inches above finished grade.

3. Common
Driveways
Grading quantities shall be divided equally among the
participating lots.
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E.g., two lots sharing a driveway shall divide the driveway grading quantity in half. The divided share will be charged against the grading quantity allowed for that lot development.

4. Flat Yard Area
a. Limited to a maximum of 2,500 square feet, excluding driveways.
b. For a two-lot subdivision, limited to a maximum of 1,250 square feet per lot, excluding driveways, except as further limited by subsection (I).

5. Soil Erosion and
Screening of Cut and
Fill Slopes Plan
A licensed landscape architect shall review grading plans and shall, in consultation with the applicant and the City Engineer, submit a plan to prevent soil erosion and to screen cut and fill slopes.

F. Landscaping

1. Tree Planting Plan
Shall be prepared by a licensed landscape architect to:
a. Screen the residential structures to the greatest possible extent from the following prominent intersections.

No more than 50% of the visible wall face surface area shall be visible from the following prominent intersections:
i. Foothill Boulevard and Cristo Rey Drive
ii. Foothill Boulevard and Alpine Way
iii. Bellevue and Carmen Road
iv. Linda Vista Drive and Hyannisport Ave
v. Hyannisport Ave and Bubb Road
vi. Rainbow Ave and Weymoth Drive.

A visual simulation from each of the intersections above shall be provided to indicate compliance.

2. Landscape
Requirements
a. Reintroduce trees on barren slopes which were denuded by prior agricultural activities.
b. Must comply with Chapter 14.15, Landscaping Ordinance and Wildland Urban Interface Fire Area (WUIFA) requirements. c. At least 50% of the front yard area shall be landscaped (i.e., not hardscaped)
--- --- ---
I. Development on
Slopes of ≥ 30%
a. Hillside Exception required for all grading, structures, and other development > 500 square feet.
b. If the lots developed or created pursuant to Government Code Sections 64411.7 and 65852.21 have no areas with
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slopes less than 30% that can accommodate up to two units of 800 square feet each, grading for building pads for
structures is limited to 800 square feet.

J. Trail Linkages and
Lots Adjoining Public
Open Spaces Site Plan
a. Site plan must identify trail linkages as shown in the General Plan Trail Plan, on and adjacent to the site.
b. If a trail linkage is identified across a property being developed, development shall not take place within that area unless approved through the exception process.
c. For lots adjoining Public Open Spaces, driveways and buildings shall be located as far as feasible from the Public Open Space and designed in a manner to minimize impacts on the Public Open Space.

K. Views and Privacy
It is not the responsibility of City Government to ensure the privacy protection of the building permit applicant or owners of surrounding properties that may be affected by the structure under construction. However, the Director of Community
Development may confer with the building permit applicant to discuss alternate means of preventing privacy intrusion and preserving views.

35. Update Table 19.40.060 (A):

A. Floor Area Ratio (FAR)

1. Maximum
Allowable
Development
a. Except as otherwise provided herein, a ministerially approved housing development project approved pursuant to this
Section shall not exceed 800 square feet per unit.
b. Notwithstanding Paragraph (a), a ministerially approved housing development approved pursuant to this Section may have a floor area as calculated in subsection (c) below, if it complies with the requirements of this Section; provided, however, that if the housing development is on a parcel created by a ministerial lot split under Chapter 18.20.170, the maximum allowable floor area for the original lot shall be allocated to each resulting lot equal to the proportionate size of each resulting lot to the original lot.
c. For projects not subject to ministerial approval under Paragraph (a) or (b), maximum allowable development shall be the lesser of:
i. 6,500 square feet; or
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ii. For lots with a net lot area of less than 10,000 square feet, 45% of the net lot area times the slope adjustment factor pursuant to Section 19.40.060(A)(2)*; or
*Formula = (0.45 x Net lot area) x (Slope adjustment
factor)
iii. For lots with a net lot area of greater than or equal to 10,000 square feet, 4,500 square feet plus 59.59 square feet for every 1,000 square feet over 10,000 square of net lot area, times the slope adjustment factor pursuant to Section 19.40.060(A)(2)**
**Formula = ((4,500 + ((Net Lot Area - 10000)/1000))
(59.59)) x (Slope Adjustment Factor)

36. Update Table 19.40.060 (A) (2) (c):
c. Average slope >
30%
Allowable floor area shall be reduced by a constant
30%
Slope adjustment factor=(1- 0.3) = 0.7
>30% 30.00%

37. Update Sections 19.40.060 (D), 19.40.060 (F) (1), 19.40.060 (H), and 19.40.060 (L):

D. Second and Third Story Decks and Balconies Minimum Setbacks

1. Front Yard - 17 feet 17 feet

2. Side Yard - 15 feet 15 feet

3. Rear Yard - 20 feet 20 feet
--- --- ---
F. Permitted Yard Encroachments

1. Extension of a
Legal Non-
conforming Wall
Plane for
structures not
located within a
prominent
ridgeline site
line
a. Where a building legally constructed according to existing first floor yard and setback regulations at the time of construction encroaches upon present required first floor setbacks, one encroaching side of the existing structure may be extended along existing building lines.
b. Only one such extension shall be permitted for the life of the building.
c. Encroachments into a required yard which are the result of the granting of a variance may not be further extended.
d. Further encroachment into a required setback is not allowed; i.e., a non-conforming setback may not be further reduced.
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e. In no case shall any wall plane of a first-story addition be placed closer than three feet to any property line.
--- --- ---
H. Design Standards

1. Building and
Roof Forms
a. Natural Contours
Building shall follow as closely as
possible the primary natural contour
of the lot.
b. Building Mass and Roof
Pitches
The main building mass shall be on
the upslope side of the building and
the roof pitches shall trend
downslope.
c. Second Story Dormers
Permitted within the second story
setbacks as long as they are minor in
shape and size.
d. Downhill Elevation of main
structure
Shall have a minimum of four offset
building and roof elements to
provide varied building forms to
produce shadow patterns which
reduce the impact of visual mass.
e. High Wall Planes
Wall planes exceeding one story or
20 feet in height, whichever is more
restrictive, shall contain
architectural elements in order to
provide relief and to break up
expansive wall planes.
f. Roof Overhangs
Roof overhangs or building eaves
shall be a minimum of 12 inches in
width

2. Colors a. Natural Earth Tones
All structures on the lot shall use
natural earth tone and/or vegetation
colors which complement the
natural surroundings. Natural earth-
tone and vegetation colors include
natural hues of brown, green and
shades of gray.
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3. Outdoor
Lighting All outdoor lighting shall meet the requirements in Chapter 19.102.

4. Garages
All projects shall strive to attain, except that ministerially approved projects shall attain, the following standards:
a. No more than 50% of the façade visible from the right of way shall comprise the garage.
b. A two car garage face shall not exceed 24 feet in width and a one car garage face shall not exceed 12 feet in width.
c. Garages visible from the right of way shall be setback a minimum of two feet from the livable areas of the home except if only the garage and/or the entrance to the home, and no other livable portions of the home, are accessible from the street level.
d. Third car spaces shall be provided in tandem or shall be provided in a detached accessory structure.
e. All garage doors shall be recessed a minimum of six (6) inches from the surrounding building wall and shall include trim of at least one and a half (1.5) inches in depth.
f. Where the garage door faces the side yard, but the garage itself is visible from the street, the garage shall incorporate a window on the street front facade so that it appears to be a habitable portion of the house. The window style must be the same as the windows on the habitable dwelling unit(s).
g. Garage doors for no more than two car spaces shall be visible from the public right of way.

5. Entry Features
All projects shall strive to attain, except that ministerially approved projects shall attain, the following standards:
a. Only one entry feature shall be permitted per structure and only one entry feature shall be visible from the public street. b. Duplexes shall have entrances to each unit on different building frontages.
c. Entry features shall be limited to 14 feet in height from the natural grade to the top of wall plate.

6. Uncovered/
exterior
staircases
Not allowed.
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7. Basements Allowed, subject to the requirements outlined in Section 19.28.070 (I).

8. Architectural
Features
The elevation facing a street shall incorporate at least four architectural features, such as bay windows or an entry feature, and/or elements of architectural interest, such as wall insets or offsets, planters, railings, trellises, a combination of roofing elements (e.g. hip and gable roofs), dormers, change in architectural materials, quoins, accent tiles, or an accent window inset greater than six inches.

Windowsills, door or window trim, and roofing materials do not count as one of the features.

9. Gable and
Dutch Gable
Ends
Gable ends and Dutch gable ends taller than thirty inches shall include at least one element of architectural interest such as:
 a wall offset with corbels, brackets or change in materials;  louvered wood or metal vents;
 clay or terracotta tile vents;
 accent tile decoration;
 medallion decoration;
 metal grille;
 a change in architectural materials;
 incorporations of corbels;
 decorative gable pediments;
 eyebrow trellises or pergola structurally attached to the building or
 windows/glazing.

10. Accent
Materials
a. Stone veneer or accent materials used as a wainscot on a street facing façade shall be wrapped around to the side façade and end at a logical terminus, such as a fence line or a chimney.
b. Stone veneer or any other siding material wrapped on columns shall terminate at the floor or ground, as applicable.

12. Private
Open Space
Each unit must provide at least 15% of the unit floor area as private open space on the first floor, with no dimension less than 10 feet.

Page 40 of 45 ends

L. Off-street
Improvements
Upon development of any newly subdivided lot, appropriate public right of way dedications shall be made to accommodate the predominant width of the street and street improvements shall be installed to the Public Works Departments standards.

38. Update Section 19.40.090:

Objective Zoning and Design Standards for Ministerially Approved Housing Development Projects. In addition to any applicable objective zoning standards, objective subdivision standards, and objective design review standards in the Municipal Code, a housing development project approved pursuant to this Section must comply with all applicable objective zoning and design standards to the maximum extent permissible under Government Code Section 65852.21, including but not limited to the standards for ministerial development projects in Section

19.40.050 and 19.40.060 and the following:

1. Basements Allowed, subject to the requirements outlined in Section

19.28.070 (I).

2. Balconies, decks, or
other similar
structures
Allowed, subject to the setback requirements outlined in Section 19.40.060 (D).

3. Design Standards a. See Section 19.40.060.

4. Setbacks
a. See Section 19.40.060.
b. Detached structures: Detached structures located on the same lot shall have a setback of five feet as measured
between the eaves of the two structures.

5. Parking
a. Units shall have at least one off-street parking space, except that parking requirements shall not be imposed in either of the following instances:
i. The parcel is located within one-half mile walking
distance of either a high-quality transit corridor, as
defined in Public Resources Code Section 21155(b)
Code, or of a major transit stop, as defined in Public
Resources Code Section 21064.3.
ii. There is a car-share vehicle located within one
block of the parcel.
b. Parking space(s) shall be provided in an enclosed garage encompassing 10’ by 20’ space for each space,
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unobstructed (i.e., by walls, appliances, etc.) between six inches from the finished floor up to six feet from the
finished floor.
c. When additional enclosed parking space(s) is/are
provided, the space(s) shall meet the requirements of
Chapter 19.124.

Chapter 19.44

39. Update Section 19.44.020 (A):

A. The requirements of this chapter, unless waived or modified in accord with Section 19.44.080, must be met with respect to all real properties intended to be developed as, or converted to, a single-family residential cluster development as described in this chapter, including the conversion of existing apartment houses to condominiums.

Chapter 19.46

40. Edit Table 19.46.070 (G):

Chapter 19.60

41. Update Section 19.60.050:

A. Land Use Criteria. Unless otherwise provided by a conditional use permit, the following regulations shall apply to all users governed by this chapter.

3. The activity must be conducted entirely within a building or enclosed patio or atrium except for:
b. Vehicular parking including the parking of business related vehicles that comply with the sign, off-street parking, and noise regulations; c. Outdoor seating for restaurants in accordance with the requirements of Section 19.60.030.
d. Special promotional events undertaken by permitted businesses; e. The display of merchandise in front of stores must be displayed under a roof overhang or canopy and must be displayed in an organized, neat, and safe fashion, in accordance with the requirements of Section 19.60.030.

G. Corner Triangle and Sidewalk
Sight Triangle
Shall remain free and clear of all buildings
or portions thereof.
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Chapter 19.100

42. Update Section 19.100.030 (B) (1) (b):
b. Attached accessory
buildings/structures
Must meet all site development regulations, including
setbacks, height and lot coverage regulations
applicable to principal dwellings in the applicable
zone, unless a separate setback standard is provided in subsection (d) through (g) below.

43. Update Section 19.100.030 (D) (2) (b) to make consistent use of the spelling of usable:

Chapter 19.102

44. Edit Section 19.102.020 (D):

D. New or replacement glass windows, doors, or
features
Section 19.102.030(A), (B), and
(D)
Chapter 19.104

45. Update Section 19.104.100 (L):

L. Window Signs. Window signs subject to the limitations in Sections 19.104.150 and

19.104.280. One "OPEN" sign not exceeding two square feet and of any material may be placed in a window without penalty towards window coverage limitations;

46. Update Section 19.104.140:

Commercial
& Industrial
• One sign per
business with
exterior frontage

• One
additional for:
- Businesses
with no ground
sign and
adjacent to more
than one street
or shopping
• 1 s.f. per
linear ft of
store
frontage on
which sign
is located.

• 70% of
store
frontage
maximum

200
s.f.
• No more than one
wall sign per frontage

• Shall not project above
the roof or top of
parapet, unless it is an
integral part of the face
of an architectural
projection.

• No projecting wall
sign shall extend into a
CDD
Meets
Design
Criteria in
Section

19.104.220
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center driveway;
or

- Sign directed
to interior of
project and not
visible from any
public right- of-
way; or

- Single tenant
building pad
with more than
5,000 s.f.
• Length =
total
combined
length of
each row of
sign copy

• Minimum
area = 20
s.f.
public right-of-way
more than twelve
inches. Any projecting
sign shall have a vertical
clearance of at least
fifteen feet above a
private or public
vehicular roadway,
alley, driveway, or
parking area, and at
least eight feet above a
sidewalk, pedestrian
mall, or landscaped
area.

Office &
Institutional
• One sign per
business with
exterior frontage

• One
additional for:
- Businesses
with no ground
sign and
adjacent to more
than one street
or major
shopping center
driveway; or
- Sign directed
to interior of
project and not
visible from any
public right- of-
way.
• 1 s.f. per
linear ft. of
business
frontage on
which sign
is located.

• 70% of
business
frontage
maximum

• Length =
total
combined
length of
each row of
copy
40 s.f. Same as above CDD Same as
above

47. Update Section 19.104.150 (C):
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C. Logos,
Symbols,
or Insignia
All except
residential
districts
Same as
Sec.

19.104.140
9 s.f.

Same as
Sec.

19.104.140
•Illuminated -
CDD

•Not
illuminated -
exempt
Shall meet Design
Review Criteria in
Sec. 19.104.220 and
restrictions in Sec.

19.104.190

48. Edit Table 19.104.160:

Use/
Zoning Number
Size
Allowed Area &
Length
Location
Maximum
Height
Review Authority Review
Criteria

• Double faced
signs: Area of
larger face of
sign = Total Sign
Area

• No portion of any sign over
three feet in height shall be
located within a
corner triangle or sidewalk
sight triangle.

Chapter 19.124

49. Update Section 19.124.030 (I):

I. Tandem, Valet, and Other
Special Parking Arrangements
Tandem, Valet, and other special forms of
parking may be approved per Section 19.124.050.

50. Revise language in Section 19.124.040:

N. Landscape
Requirements
Applicable to all new centers and centers with a twenty-five percent or greater increase or decrease in floor area resulting from a use permit or architectural and site approval within twelve months shall be required to meet the following
minimum landscape requirements. However, the Planning
Commission and/or City Council may recommend additional landscaping.

Chapter 19.132

51. Update Section 19.132.050:

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with Chapter 19.156 and shall be based on substantial evidence in light of the entire administrative record.
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ORDINANCE NO. 25-XXXX

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
CUPERTINO AMENDING CITY CODE CHAPTERS 14.15, 14.18, 18.20,

18.52, 19.08, 19.12, 19.16, 19.28, 19.36, 19.38, 19.40, 19.44, 19.46, 19.60, 19.100,

19.102, 19.104, 19.124, AND 19.132 OF THE MUNICIPAL CODE FOR CONSISTENCY WITH SENATE BILL 450 AND MINOR TEXT EDITS

The City Council of the City of Cupertino finds that:

WHEREAS, on September 16, 2021, the Governor of the State of California signed into law Senate Bill No. 9, “An act to amend Section 66452.6 of, and to add Section 65852.21 and 66411.7 to, the California Government Code,” which required ministerial approval of housing developments of up to two units in a single-family zoning district, the subdivision of parcels zoned for single-family use into two parcels, or both.

WHEREAS, on September 19, 2024, the Governor of the State of California signed into law Senate Bill No. 450, “An act to amend Sections 65585, 65852.21, and 66411.7 of the California Government Code, relating to land use.”
WHEREAS, Senate Bill No. 450 established a 60-day timeline for local agency review and action and updated requirements for demolition and environmental findings.

WHEREAS, Senate Bill No. 450 further prohibited the imposition of non-uniform objective zoning, design, and subdivision standards on projects proposed under Sections 65852.21 and 66411.7 of the California Government Code, unless more permissive than applicable standards within the underlying zone and specified that objective zoning, design, and subdivision standards must relate to parcel design and improvements.

WHEREAS, on November 15, 2022, the City Council voted to adopt Ordinance 22-2246 to incorporate standards for ministerial approval of duplexes and lot splits in single-family residential districts, in response to Senate Bill No. 9.

WHEREAS, certain zoning, design, and subdivision standards introduced through Ordinance 22-2246 are inconsistent with Sections 65852.21 and 66411.7 of the California Government Code, as amended by Senate Bill No. 450.

WHEREAS, the City Council desires to have objective standards that are clear and understandable to ensure orderly development and are consistent with State law; and WHEREAS, the Ordinance amends the City's Municipal Code as set forth in Exhibit A to clarify the development standards to be applied to two-lot subdivisions and duplex 194
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development, and include minor clean up items including typographical and reference fixes; and
WHEREAS, the Ordinance is consistent with the City's General Plan and the public health, safety, convenience, and general welfare; and
WHEREAS, following necessary public notices given as required by the procedural ordinances of the City of Cupertino and the Government Code, the Planning Commission held a public hearing on September 9, 2025 to consider the Ordinance; and WHEREAS, on September 9, 2025, by Resolution 2025-15, the Planning Commission recommended on a unanimous (5-0-0) vote that the City Council adopt the proposed Municipal Code Amendment to clarify development standards; and WHEREAS, on October 7, 2025, upon due notice, the City Council has held at least one public hearing to consider the Municipal Code Amendment; and WHEREAS, the City Council of the City of Cupertino is the decision-making body for this Ordinance.

WHEREAS, the City Council finds the following:

1. That the proposed amendments are in accord with the Municipal Code and the City's Comprehensive General Plan.

The proposed amendments are in conformance with the General Plan since the General Plan indicates that design regulations and guidelines for single -family development should be maintained and updated to address neighborhood compatibility and visual and privacy impacts (Strategy LU-27.1.1) and that zoning and subdivision standards should consider the need to preserve neighborhood lot patterns (Policy LU-27.7). The proposed amendments make changes to design and subdivision standards to allow for a consistent application of standards throughout single-family residential neighborhoods.

2. The proposed amendments are in compliance with the provisions of the California Environmental Quality Act ( CEQA).

Pursuant to California Government Code Sections 65852.21 and 66411.7, an ordinance adopted to implement Sections 65852.21 and 66411.7 shall not be considered a project under Division 13 (commencing with Section 21000) of the Public Resources Code.

3. The site is physically suitable (including, but not limited to, access, provision of utilities, compatibility with adjoining land uses, and absence of physical constraints) for the proposed zoning designation and anticipated land use development.

The proposed amendments will apply to all single -family zoned properties within the city. The proposed amendments will not result in standards that would limit site access or provisions of 195
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utilities. Furthermore, the proposed amendments would ensure the compatibility of new development within single -family residential zones by ensuring that all development within these zoning districts adheres to the same standards, where not otherwise prohibited by State law.

4. The proposed amendments will promote orderly development of the City.

The proposed amendments align zoning , design, and subdivision standards with the City’s General Plan land use goals and policies related to orderly development within single- family residential districts. The proposed amendments would ensure compatibility of new development within single -family residential zones by ensuring that all development within these zoning districts adheres to the same standards, where not otherwise prohibited by State law.

5. That the proposed amendments are not detrimental to the health, safety, peace, morals and general welfare of persons residing or working in the neighborhood of subject parcels.

The proposed are not detrimental to the health, safety, peace, morals, and general welfare since the proposed amendments further apply existing standards of the Municipal Code to promote orderly development.

6. The proposed amendments are internally consistent with this title.

The proposed ordinance is internally consistent with the Cupertino Municipal Code and incorporates minor amendments where needed to ensure continued consistency.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CUPERTINO DOES ORDAIN AS FOLLOWS:

SECTION 1: Adoption.

The Cupertino Municipal Code is further amended as set forth in Exhibit A.

SECTION 2: Severability and Continuity.

The City Council declares that each section, sub -section, paragraph, sub -paragraph, sentence, clause and phrase of this ordinance is severable and independent of every other section, sub -section, paragraph, sub -paragraph, sentence, clause and phrase of thi s ordinance. If any section, sub-section, paragraph, sub-paragraph, sentence, clause or phrase of this ordinance is held invalid, or its application to any person or circumstance, be determined by a court of competent jurisdiction to be unlawful, unenforceable or otherwise void, the City Council declares that it would have adopted the remaining provisions of this ordinance irrespective of such portion, and further declares its express intent that the remaining portions of this ordinance should remain in effect after the invalid portion has been eliminated. To the extent the provisions of this Ordinance are substantially the same as previous provisions of the Cupertino Municipal Code, these provisions shall be 196
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construed as continuations of those provisions and not as an amendment to or readoption of the earlier provisions.

SECTION 3: California Environmental Quality Act.

This Ordinance is not a project under the requirements of the California Environmental Quality Act, together with related State CEQA Guidelines (collectively, “CEQA”) because it has no potential for resulting in physical change in the environment and is adopted to implement provisions of California Government Code Sections 65852.21 and 66411.7. In the event that this Ordinance is found to be a project under CEQA, it is subject to the CEQA exemption contained in CEQA Guidelines section 15061(b)(3) because it can be seen with certainty to have no possibility that the action approved may have a significant effect on the environment. CEQA applies only to actions which have the potential for causing a significant effect on the environment. Where it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment, the activity is not subject to CEQA. In this circumstance, the amendments to the City Code would have no or only a de minimis impact on the environment . The foregoing determination is made by the City Council in its independent judgment.

SECTION 4: Eﬀective Date.

This Ordinance shall take effect thirty days after adoption as provided by Government Code Section 36937.

SECTION 5: Publication.

The City Clerk shall give notice of adoption of this Ordinance as required by law.

INTRODUCED at a regular meeting of the Cupertino City Council on October 7 , 2025 and ENACTED at a regular meeting of the Cupertino City Council on October 21, 2025 by the following vote:

Members of the City Council
AYES:

NOES:
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ABSENT:

ABSTAINED:

SIGNED:

Liang Chao, Mayor
City of Cupertino

Date
ATTEST:

Kirsten Squarcia, City Clerk

Date
APPROVED AS TO FORM:

_______________________
Floy Andrews, Interim City Attorney
Aleshire & Wynder, LLP

________________________
Date
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EXHIBIT A

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CUPERTINO TO

AMEND MULTIPLE CHAPTERS OF THE MUNICIPAL CODE FOR CONSISTENCY WITH SENATE BILL 450 AND MINOR TEXT EDITS

The sections of the Cupertino Municipal Code set forth below are amended or adopted as follows:

Text added to existing provisions is shown in red, bold double-underlined text (example), text to be deleted in shown in red strikethrough (example), and moved text is shown in green, bold double-underlined or strikethrough text (example, example). Text in existing provisions is not amended or readopted by this Ordinance.

T
ext in italics is explanatory and is not an amendment to the Code. This ordinance amends several portions of the Municipal Code. There is a separate heading in bold italics for each chapter of the Code being amended.

Chapter 14.15

1. Update to Section 14.15.020 (A) (1) – Table 14.15.020 to reﬂect that a Landscape Documentation Package is required for projects with a landscape area of equal to or greater than 2,500 square feet, consistent with CCR Title 23, § 490.1:

Type of Permit Total
Landscape
Area
Requirement
Building Permits
New home in R1, RHS, A1 or
R2 Zones
< 500 s.f.

Prescriptive Compliance Application
(Appendix A) - Informational only

500 s.f. -
2,500 499 s.f.

Prescriptive Compliance Application
(Appendix A) or Landscape
Documentation Package (Sec.

14.15.050)
> ≥ 2,500 s.f. Landscape Documentation Package
(Sec. 14.15.050)
Planning Permit or Grading Permit
New home in R1, RHS, A1 or
R2 Zones <500 s.f. Prescriptive Compliance Application
(Appendix A) - Informational only
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500 s.f. -
2,500 499 s.f.

Prescriptive Compliance Application
(Appendix A) or Landscape
Documentation Package (Sec.

14.15.050)
> ≥ 2,500 s.f. Landscape Documentation Package
(Sec. 14.15.050)
Commercial, industrial, office,
multiple-family residential,
townhome, public and
institutional projects
≤ < 2,500 s.f.

Prescriptive Compliance Application
(Appendix A) or Landscape
Documentation Package (Sec.

14.15.050)
> ≥ 2,500 s.f. Landscape Documentation Package
(Sec. 14.15.050)
Any landscape installation or
rehabilitation project
< 2,500 s.f. Prescriptive Compliance Application
(Appendix A) - Informational only
> ≥ 2,500 s.f. Landscape Documentation Package
(Sec. 14.15.050)
New and rehabilitated
cemeteries >0 s.f.

Water Budget Worksheet (Appendix
B)
Landscape and Irrigation
Maintenance Schedule (Sec.

14.15.120)
Landscape Installation Report (Sec.

14.15.130)
Existing and established
landscapes, including
cemeteries
>1 acre
Water Budget Worksheet (Appendix
B)
Audit of Established Landscapes
(Sec. 14.15.150)

Chapter 14.18

2. Update Section 14.18.160 - Replacement Tree Guidelines for consistency with Section

14.18.030.

Diameter of Trunk Size of Removed Tree (Measured
4½ feet above grade) Replacement Trees
Up to 12 inches* One 24" box tree
Over 12 inches and up to 36 18 inches Two 24" box trees or One 36" box tree Over 18 inches and up to 36 inches
Over 36 inches One 36" box tree
Heritage tree One 48" box tree
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* Does not apply to R1, A1, A, RHS, and R2 zones except to approved development trees, and approved required privacy protection plantings trees in R-1 zones.

Chapter 18.20

3. Add Section 18.20.180 to incorporate relocated standards for Ministerial Approval of Urban Lot Splits from the Zoning Ordinance:

18.20.180 Subdivision Standards for Two-Lot Subdivisions in Single-Family Residential Zones.

A. Lot Conﬁguration

1. Single-
Family
Residential
Zones (R1)
a. No more than two new, non-curved property lines may
be added to create a new lot.
b. Existing interior lots or pie shaped lots with either (i) 60 feet or more street frontage, or (ii) more than 75 feet of street frontage and a lot depth of up to 145 feet, shall result in a street frontage that is between 40-60% of the existing street frontage of the lot being subdivided.

Resulting lots shall have a side-by-side orientation and shall not create a landlocked parcel.
c. Existing interior lots or pie shaped lots with more than 75 feet of street frontage and a lot depth of more than 145 feet, may be subdivided in one of the following ways:
i. Resulting lots shall have a street frontage that is at least 40% of the existing street frontage of the lot
being subdivided. Lots shall have a side-by-side
orientation and shall not create a landlocked parcel;
or
ii. One of the resulting lots shall be a ﬂag lot with
access to the street. The buildable area of the ﬂag lot shall span the entire distance between the two side
property lines that intersect with the front property
line of the lot being subdivided.
d. Existing interior lots or pie shaped lots with less than 60 feet of street frontage shall result in one ﬂag lot with access to the street. The buildable area of the ﬂag lot shall span the entire distance between the two side
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property lines that intersect with the front property line of the lot being subdivided.
e. Existing ﬂag lot subdivision shall result in lots in the same orientation as the existing lot (i.e., the existing front lot line must be the front lot line of the future lots and the existing rear lot line shall be the rear lot line of the future lots) and that are between 40-60% of the lot width of the lot being subdivided.
f. Corner lots shall be subdivided in a manner that splits the existing street side property line to create at least one front lot line on that frontage.

2. Residential
Hillside
Zones (RHS)

a. Up to two new property lines may be added to create a new lot and shall follow the contours of the property.
b. Each resulting lot shall share one common driveway. If an existing driveway or curb cut exists, a new driveway or curb cut location shall not be approved.
c. If in an area where direct sanitary sewer connection is unavailable, a percolation test completed within the last ﬁve years, or if the percolation test has been recertiﬁed, within the last 10 years, must be provided.
d. Building pads shall be identiﬁed on the ﬂattest portion of a lot, closest to an existing driveway. Where no driveway exists, building pads shall be identiﬁed on the ﬂattest portion of the lot, closest to the access road unless doing so would result in a combined grading total greater than that required for siting elsewhere on the lot.
e. No new or expanded structures shall encroach upon any existing public or private utility easements.
f. A cumulative total of 1,250 cubic yards, cut plus ﬁll (including grading for building pad, yard areas,
driveway, all other areas requiring grading, and
basements), except if the original lot that was subdivided has already performed prior grading, then the amount of grading that has previously occurred shall be reduced
from the maximum grading quantity allowed
cumulatively on the two resulting lots.
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4. Modify Section 18.20.170 (H) to reference proposed Section 18.20.180:

Chapter 18.52

5. Add Section 18.52.030 (B) (4) to reference proposed Section 18.20.180:

B. Lot Conﬁguration.

4. In addition to the requirements of this Chapter, Hillside Subdivisions for two- lot subdivisions shall also apply the standards of Section 18.20.180.

Chapter 19.08

6. Update Section 19.08.030, “Bay Window” deﬁnition to ﬁx a typo and clerical error:
"Bay window" means a projecting window element that is not an extension of the ﬂ
oor area and does not incorporate any useable space for seating or other purposes.

Additionally, a bay or projecting window shall:
a. Be a projection of windows, not walls;
b. Be cantilevered no more than twenty-four inches, horizontally, from an exterior wall;
c. Be a minimum of twenty-four inches from the ﬁnished ﬂoor; d. Not create a projection of the ﬂoor;
e. Not occupy more than 50% of an interior exterior wall face.

These limitations do not apply to bay windows which have been counted towards ﬂoor area and meet required setbacks.

7. Update Section 19.08.030, to add “Front Entry Porch” deﬁnition:
“Front Entry Porch” means outdoor steps, stairs, and/or a raised platform less than 50 square feet in area, located immediately adjacent to the primary entry of a building for the purpose of providing pedestrian access from the outdoor ground elevation to a building interior. If the platform portion of a front entry porch (not 203
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including steps) is more than 50 square feet or has a proportionately greater width than its height, the structure is considered a porch.

8. Update Section 19.08.030, “Lot” deﬁnition to correct a clerical error:
"Lot" means a parcel or portion of land separated from other parcels or portions by description, as on a subdivision or record of survey map, or by metes and bounds, for purpose of sale, lease or separate use.

1. "Corner lot" means a lot situated at the intersection of two or more streets, or bounded on two or more adjacent sides by street lines.

2. “F lag lot” means an interior lot with a long, narrow portion of the lot, or parcel of land not otherwise meeting the requirement of this title for lot width that consists entirely of and provides the sole means of vehicular connection between the buildable area of the lot and an abutting street.

3. “I
nterior lot” means a lot other than a corner lot or a ﬂag lot.

4. “Key lot” means the ﬁrst lot to the rear of a corner lot, the front line of which is a continuation of the side lot line of the corner lot, and fronting on the street which intersects or intercepts the street on which the corner lot fronts.

5. "Pie-shaped lot" means an interior lot, that is not a ﬂag lot, where the front lot line abuts a cul-de-sac, and a) is at least 20% shorter than the rear lot line or b) has ﬁve or more lot lines.

9. Update Section 19.08.030 to add “Porch” deﬁnition:
“Porch” means outdoor steps, stairs, and/or a raised platform, located immediately adjacent to an entrance to a residential structure for the purposes of providing pedestrian access from the outdoor ground elevation to a building interior and/or private, recreational open space. A porch diﬀers from a front entry porch or a front entry feature, which has a proportionately greater height than its width and is less than 50 square feet in area.

10. Update Section 19.08.030, “Useable Rear Yard” deﬁnition to make spelling of usable consistent:
"Use able rear yard" means that area bounded by the rear lot line(s) and the rear building line extended to the side lot lines. The side yard adjacent to a proposed minor addition (e.g., addition equaling ten percent or less of the principal structure) may be included in calculation of usable rear yard area. 204
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11. Revise Appendix C of Chapter 19.08 to correct spelling of sight:

Appendix C: Cupertino Standard Detail 7-6 Sidewalk Sighte Triangle (Sidewalk Clearance at Driveways).

Chapter 19.12

12. Update Section 19.12.020 (A) to reference correct sections:

A. In the A, A1, R-1 and RHS Zones, the following activities:

1. Conditional uses in accord with Chapter 19.20, Chapter 19.24, Chapter 19.28, and Chapter 19.40;

2. Removal of protected trees identiﬁed in Chapter 14.18;

3. Projects in R-1 zones identiﬁed in Section 19.28.040;

4. Height Exceptions identiﬁed in Section 19.24.0750(B)(3);

5. Hillside Exceptions identiﬁed in Section 19.440.070, Section 19.40.050, and Chapter 19.48;

6. P arking Exceptions identiﬁed in Chapter 19.124;

7. Fence Exceptions identiﬁed in Chapter 19.48;

8. Variance to all other zoning regulations.
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13. Update portions of Table 19.12.030 to reference correct sections:

Type of Permit or
DecisionA, B
Administr
ative
ReviewA,B
Arts and
Culture
Commissi
on
Planning
Commissi
on
City
Council
Public
Hearing/
Public
Meeting/
Comment
PeriodC
Noticing RadiusD Posted Site
Notice
Expir
ation
DateE
Chapter/
Findings
Development
Agreements - - R F PH CA. Govt. Code
65867 Yes - 19.144.1210
Development Permits
Major F, H - - F/R A1/F PM 19.12.110/
300’
Yes 2 Years 19.156.0540 Minor G F - A1 A2 PM Yes 2 Years Conditional Use Permits
MajorF, H, I F - A1/F/R A1/ A2/F PH CA. Govt. Code
65905 Yes 2 years 19.156.0540
Hillside Exception/
Height Exception/
Heart of the City
Exception I
- - F A1 PH 19.12.110/300' Yes 2 years

19.40.080,

19.24.0750,

19.136.090
Variance F - A1 A2 PH CA. Govt. Code
65905 Yes 2 years 19.156.0650
Parking
Exceptions I F - FA1 A1/A2 Varies M

19.12.110/
Adjacent/
300' N
Yes 1 year 19.124.0560
Protected Trees
Tree Removal F - A1 A2 CP Adjacent, unless
exempt
Yes, unless
exempt 1 year 14.18.1810
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14. Clarify language of footnote K of Table 19.12.030:

Minor Architectural and Site Approval application - single family home in a planned development zoning district, ; minor building architectural modiﬁcations, ; landscaping, signs and or lighting for new development, ; permanent supportive housing with up to 6 units subject to by-right processing as required by Government Code Section 65650 et seq., ; redevelopment or modiﬁcation in such zones where review is required, ; and minor modiﬁcations of duplex and multi-family buildings.

15. Update Section 19.12.110 (D) (1) in accordance with SB1214 (CCG Section 65103.5):

D. Notice of Comment Period: For projects requiring notice of a comment period, notice shall be mailed in accordance with 19.12.110A(2) and A(53), fourteen calendar days prior to the date of action on the application.

1. F or permits issued pursuant to Chapter 19.28, Single Family Residential, the mailed notice shall include a copy of the site plan and elevation plans of the proposed project, unless plans contain protected information, as deﬁned by California Government Code Section 65103.5.

Chapter 19.16

16. Update Section 19.16.060 to remove reference to the incorrect section:

Whenever it is found, pursuant to Section 19.28.050, that a lot or site is divided by a boundary between districts, the provisions of the zoning regulations applicable within each district shall apply only to the portion of this site situated in each separate district.

C
hapter 19.28

17. Update Section 19.28.060 to clarify objective language and update standards for single- family residential design to reﬂect changes to State law made through SB450:

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B. Minimum lot width (at
the front setback line)
i. 50 feet ii. 60 feet iii. 75 feet
iv. For lots created pursuant to provisions Government Code Section 64411.7:
a. No more than two new, non-curved property lines may be added to create a new lot. b. Existing interior lots or pie shaped lots with either (i) 60 feet to 75 feet of or more street frontage, or (ii) more than 75 feet of street frontage a lot depth of up to 145 feet shall result in lots width. Resulting lots shall have a street frontage that is between 40-60% of the lot width existing street frontage of the lot being subdivided. Resulting lots shall have a side-by-side orientation and shall not create a landlocked parcel.
c. Existing interior lots or pie shaped lots with more than 75 feet of street frontage and a lot depth of more than 145 feet, may be subdivided in one of the following ways:
i. Resulting lots shall have a street frontage that is at least 40% of the existing street frontage of the lot being subdivided. Lots shall have a side-by-side orientation and shall not create a landlocked parcel; or
ii. One of the resulting lots shall be a ﬂag lot with access to the street. The buildable area of the ﬂag lot shall span the entire distance between the two side property lines that intersect with the front property line of the lot being subdivided.
d. Existing interior lots or pie shaped lots with less than 60 feet of street frontage shall result in one ﬂag lot with access to the street. The buildable area of the ﬂag lot shall span the entire distance between the two side property lines that intersect with the front property line of the lot being subdivided.
e. Existing ﬂag lot subdivision shall result in lots in the same orientation as the existing lot (i.e., the existing front lot line must be the front lot line of the future lots and the existing rear lot 208
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R1-5 R1-6, 7.5, 8, 10, 20, etc., and R1-6e R1-a
line shall be the rear lot line of the future lots) and that are between 40-60% of the lot width of the lot being subdivided.
f. Corner lots shall be subdivided in a manner that splits the existing street side property line to create at least one front lot line on that frontage.

C. Landscaping
i. See Chapter 14.15, Landscape Ordinance
ii. At least 50% of the front yard of any project
approved pursuant to Chapter 19.28.150 shall be
occupied by non-hardscape landscaping
iii. Landscaping plans are required for all
additions or new homes. The purpose of
the landscaping is to beautify the
property and to achieve partial screening
of building forms from the street and
adjacent properties. Generally, the
landscaping may include shrubbery,
hedges, trees, or lattice with vines on
fences
iv. At least 50% of the front yard of any
project approved pursuant to Chapter

19.28.150 shall be occupied by non-
hardscape landscaping
D. Development proposed on building pads/graded area with slopes equal to or greater than 20%

1. Total site grading (cut
plus ﬁll)2,3
i. 2,500 cubic yards maximum.
ii. Projects that exceed the maximum quantity shall require Architectural and Site Approval per Section 19.28.040(HG).
iii. For projects proposed pursuant to Government Code Sections 64411.7 and/or 65852.21, tTotal site grading shall be limited to 2,500 cubic yards for the entire site as calculated prior to subdivision.

For projects proposed pursuant to Government Code Sections 64411.7 and/or 65852.21, fFlat yard area created by grading areas that are sloped more than 10% shall be limited to 2,500 square feet, not including the driveway, as calculated prior to any subdivision. 209
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R1-5 R1-6, 7.5, 8, 10, 20, etc., and R1-6e R1-a

FE. Development (structures, improvements, or grading)

1. On actual slopes ≥ 30%
i. Limited to 500 square feet and subject to the requirements of Sections 19.40.050 (F), (G), and (I) and Sections 19.40.060 (E), (H), (I) and (J).
ii. Development greater than 500 square feet shall be subject to a Hillside Exception by the Planning Commission in accordance with section 19.40.080 of the RHS Ordinance. No Hillside Exception is permitted on lots developed pursuant to Section 19.28.150. iii. In all cases, the following shall apply:
a. Change in grade elevation shall be limited to the minimum extent necessary to ensure adequate drainage and access as demonstrated by a grading and drainage plan prepared by a registered civil engineer.
b. Split level designs shall be used to avoid additional change in grade elevation. c. Unless otherwise required by the City Engineer, spoils shall be balanced on site and shall match the existing grading and drainage pattern of the site. d. Unless required by the City Engineer, development shall not result in a ﬁnished ﬂoor more than 36 inches above ﬁnished grade.

2. For projects proposed
pursuant to Government
Code Sections 64411.7
and/or 65852.21
i. Unless required by the City Engineer or to meet Fire Code requirements, grading activity on lots with an average slope of:
a. Less than ﬁve percent shall not result in a change in grade elevation by more than 12 inches from existing natural grade.
b. Between ﬁve and ten percent shall not result in a change in grade elevation by more than 24 inches from existing natural grade.
c. Ten percent or more shall not result in a change in grade elevation by more than three feet from existing natural grade.
ii. In all cases, the following shall apply:
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R1-5 R1-6, 7.5, 8, 10, 20, etc., and R1-6e R1-a
a. Change in grade elevation shall be limited to the minimum extent necessary to ensure adequate drainage and access as demonstrated by a grading and drainage plan prepared by a registered civil engineer.
b. Split level designs shall be used to avoid additional change in grade elevation. c. Unless otherwise required by the City Engineer, spoils shall be balanced on site and shall match the existing grading and drainage pattern of the site. d. Unless required by the City Engineer, development shall not result in a ﬁnished ﬂoor more than 36 inches above ﬁnished grade.

GF. On-site improvements
All properties shall provide a 4.5 foot wide pathway, a 4.5 foot wide planting strip, curb and gutter, curb cut, AC pavement, and underground utilities at the street as follows:

1. i. Detached pathway when a property on either side of the subject property has a detached pathway;

2. ii. Monolithic pathway when a property on either side of the subject property has a monolithic pathway

3. iii. When properties on either side of the subject property do not have a pathway, a pathway that matches the pre-dominant pattern of pathways on the street, as determined by the City Engineer, shall be provided, unless the subject property has a “semi-rural” designation adopted by City Council resolution.

4. iv. The City Engineer shall adopt any objective standard necessary to implement the requirements of this paragraph.

HG. Curb Cuts
Driveways for
developments pursuant to
Government Code
Section 64411.7 or
65852.21

1. For interior lots with a street frontage of 35 feet or less, no more than a one-car-wide driveway curb cut shall be permitted. A distance of at least 22 feet shall be provided between two, one-car- wide curb cuts, else, a shared driveway with curb cut, no more than a two-car curb cut, may be provided.

2. Unless subject to subsection (3) below, for interior or pie shaped lots with a street frontage of more than 35 feet: a maximum of a two-car driveway curb cut is permitted provided a distance of 211
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R1-5 R1-6, 7.5, 8, 10, 20, etc., and R1-6e R1-a
at least 22 feet is provided between existing and proposed driveway ﬂares, else the driveway curb cut shall be limited to a one-car driveway curb cut.

3. When an Urban Lot Split subdivision results in a ﬂag lot, the two resulting lots shall share vehicular access oﬀ of the access area of the resulting ﬂag lot, unless one of the lots is an new interior lot with at least 50 feet of minimum street frontage of 50 feet. The access area shall be a minimum of 20 feet and a maximum of 25 feet in width, comprising a minimum 16-foot drive aisle and a minimum 2-foot-wide landscaping planter on either side. A maximum two-car driveway curb cut is permitted at the right-of way. No other curb cuts shall be permitted.

4. Where a shared driveway (not through a ﬂag lot) is proposed:
i. No additional curb cuts shall be permitted.
ii. 50% of the width of the shared driveway curb cut shall be on each property. iii. A maximum two-car curb cut shall be permitted.

5. Where shared driveway access through a ﬂag lot is required and would provide access to new development, the driveway access for front lot shall be located in the rear 50% of the property.

6. On lots where an existing residence is retained on the site of an urban lot split or development pursuant to Government Code Section 65852.21 subdivision, an existing curb cut of not more than 18 feet in width may remain when providing exclusive access to the existing residence.

7. A maximum 18’ wide car curb cut is allowed when a two-car curb cut is permitted.

8. A maximum 12’ wide curb cut is allowed when a one-car curb cut is permitted.

9. When shared access is proposed, a covenant, necessary for appropriate ingress and egress easements, shall be recorded prior to ﬁnal parcel map recordation.

10. A maintenance agreement shall be recorded to ensure shared maintenance of any shared access easements, stormwater treatment, landscaping, and private utilities, prior to ﬁnal parcel map recordation.

I. Driveways

1. When a subdivision results in a ﬂag lot, the access area shall be a minimum of 20 feet and a maximum of 25 feet in width, comprising a minimum 16-foot drive aisle and a minimum 2- foot-wide landscaping planter on either side.
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R1-5 R1-6, 7.5, 8, 10, 20, etc., and R1-6e R1-a

2. Where shared driveway access through a ﬂag lot is required and would provide access to new development, the driveway access for the front lot shall be located in the rear 50% of the property.

3. A one-car driveway shall be a minimum of 10 feet in width and a maximum of 12 feet in width.

4. A two-car driveway shall be a maximum of 20 feet in width. Any third or more driveway spaces shall be in tandem.

5. Subparagraphs 3 and 4 do not apply to the ﬂag lot access area.

6. When shared access is proposed, a covenant, necessary for appropriate ingress and egress easements, shall be recorded prior to ﬁnal parcel map recordation.

7. A maintenance agreement shall be recorded to ensure shared maintenance of any shared access easements, stormwater treatment, landscaping, and private utilities, prior to ﬁnal parcel map recordation.

HJ. Easement and
Covenants required for
subdivisions pursuant to
Government Code Section
64411.7

1. Utility easements shall be recorded prior to ﬁnal parcel map recordation.

2. A covenant necessary for maintenance of stormwater treatment facilities shall be recorded prior to ﬁnal map recordation.

L. Private Open Space
Each unit must provide at least 15% of the unit ﬂoor area as private open space on the ﬁrst ﬂoor, with no dimension less than 10 feet. Private open space shall not be located in the required front yard setback area.

Notes:
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R1-5 R1-6, 7.5, 8, 10, 20, etc., and R1-6e R1-a

2. Maximum grading quantity includes grading for the building pad, yard areas, driveway, and all other areas requiring grading, but does not include basements. The graded area shall be limited to the building pad area to the greatest extent possible. Grading quantities for multiple driveways are divided equally among the participating lots, e.g. two lots sharing a driveway will divide the driveway grading quantity in half. The divided share will be charged against the grading quantity allowed for that lot development.

3. All cut and ﬁll areas shall be rounded to follow the natural contours and planted with landscaping that meets the following requirements:
i. A landscape plan shall be prepared that addresses measures to prevent soil erosion and to screen cut and ﬁll slopes. ii. A tree planting plan shall be prepared for the site which will screen grading areas, and residential structures, to the greatest possible extent, as well as to reintroduce trees on barren slopes which were denuded by prior agricultural activities. iii. Landscape improvements shall meet the requirements as established in the Landscape Ordinance, Chapter 14.15. iv. Landscape improvements shall be installed prior to ﬁnal occupancy unless such installation is impracticable, in which case, the applicant shall post a bond, cash, or other security to ensure installation within an 18-month period from occupancy. All such landscape areas shall be properly maintained.

(Continued on next page)

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18. Update Section 19.28.070 (B), 19.28.070 (I), and 19.28.070 (J) (3) and add Section

19.28.070 (L) and 19.28.070 (M) to clarify objective language and update standards for single-family residential design to reﬂect changes to State law made through SB450:

B. Maximum Floor
Area Ratio

1. 45% of the net lot area, however, a housing development project on a lot having a slope 30% or greater shall not exceed the ﬂoor area allowed under Chapter 19.40.
--- --- ---
I. Basements

1. Number,
size, and
volume of
lightwells
a. Shall be the minimum required by the California Residential Building Code for egress, light, and ventilation, unless the basement area is counted towards ﬂoor area, except that in the case of a single-story house with a basement, one lightwell may be up to 10 feet wide and 10 feet long.

2. Minimum setback for lightwell retaining walls and basements a. Front Yard Same as underlying zoning district
ab. Side yard 5 feet
bc. Rear yard 10 feet

3. Lightwell
railings
Maximum height of 3three feet, six inches. The fencerailing shall be located immediately adjacent to the lightwell.

4. Lightwell
screening
Lightwells that are visible from a public street shall be screened by landscaping.

5. Root barrier
measures
The perimeter of theall basements and all lightwells retaining walls shall be treated and/or reinforced with the most eﬀective root barrier measures as determined by an ISA certiﬁed Arborist in conjunction with recommendations from a certiﬁed Structural Engineerby the Director of Community Development.
--- --- ---

3. First Floor and
Second Floor
Building
Envelopes
a. The maximum exterior wall height and building height on single-story structures and single-story sections of two-story structures must ﬁt into the building envelope deﬁned by:
i. A 10-foot-high vertical line from natural grade measured at the property line; and
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ii. A 25-degree roof line angle projected inward at the 10-foot- high line referenced above;.
b. Notwithstanding the building envelope, a gable end of a roof enclosing an attic space may have a maximum wall height of 17 feet to the peak of the roof as measured from natural grade, or up to 20 feet with a Minor Residential permit subject to Chapter 19.12.
c. Second-story building envelope: All the maximum exterior wall height and building height on two-story sections of two-story structures must ﬁt into the building envelope deﬁned by:
i. A 16-foot-high vertical line from natural grade measured at the property line; and
ii. A 25-degree roof line angle projected inward at the 16- foot-high line referenced above.
--- --- ---
L. Refuse,
recycling, and
other containers

1. A minimum 8-foot by 3-foot space per unit, not visible from the street, shall be provided in an interior yard behind a fence.

2. This area shall not be concurrent with any emergency access pathway required by the Fire Department.

M. Outdoor
Lighting 1. Shall comply with the requirements of Chapter 19.102.

19. Update Section 19.28.070 (C) to remove a reference altered by the adoption of Ordinance 23- 2254:

C. Maximum
second to ﬁrst
ﬂoor ratio

1. No limit,
a. Ssee Sections 19.28.040(D) and (E)(1) for permitting requirements. Homes subject to design review shall comply with the design review principles in Section 19.28.110(C).

20. Update Section 19.28.070 (E) (3) (a) (i) to make consistent use of the spelling of usable:

i
. May be reduced to 10 feet, with a Minor Residential Permit, subject to Chapter

19.12, if, after the reduction, the useable rear yard area is not less than 20 times the lot width as measured from the front setback line.

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21. Update Section 19.28.070 (F) (2) (a) (i) and 19.28.070 (F) (2) (b) (i) to revise a reference altered by the adoption of Ordinance 23-2254:

2. Side yard
a. Interior
Lot
25 feet combined (no side yard setback shall be less than 10 feet) i. See Section 19.28.040(ED)(2) for permitting requirements. Homes subject to design review shall comply with the design review principles in Section 19.28.110(C).
b. Corner
lot
25 feet combined side yard setback (no side yard setback shall be less than 10 feet)

i. Interior
Side
10 feet but not less than 20 feet from the rear property line of an adjacent single-family dwelling
iA. See Section 19.28.040(ED)(2) for permitting requirements. Homes subject to design review shall comply with the design review principles in Section 19.28.110(C).

22. Revise language in Table 19.28.090 (C) to clarify standards:

C. Maximum second to
ﬁrst ﬂoor area ratio

1. 40% of the existing or proposed ﬁrst ﬂoor area or 750 square feet, whichever is greater, except as follows:
a. A second ﬂoor may be at least 750 square feet in
area
ba. In no case shall a second ﬂoor be more than 1,100
square feet in area.

23. Update Table 19.28.090 (J) (3) to revise a reference altered by the adoption of Ordinance 23- 2254:

3. Entry feature
height
See Single-Family Residential Design Guidelines, Section

19.28.110(A)(67)

24. Add Section 19.28.090 (M) and (N) to update standards for single-family residential design to reﬂect changes to State law made through SB450:

M. Refuse,
recycling, and
other containers

1. A minimum of an 8-foot by 3-foot space per unit, not visible from the street, shall be provided in an interior yard, behind a fence.

2. This area shall not be concurrent with any emergency access pathway required by the Fire Department.
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N. Outdoor
Lighting 1. Shall comply with the requirements of Chapter 19.102.

25. Update Section 19.28.110 (A) to clarify objective language and update standards for single- family residential design to reﬂect changes to State law made through SB450:

Any new single-f amily residential house or addition to an existing house shall be generally consistent with the adopted single-family residential guidelines in Sections 19.28.110(A) and (B).

A. S ingle -Family Residential Design GuidelinesStandards for all projects.1, 2

1. There shall not be a three-car wide driveway curb cut.

2. No more than ﬁfty percent of the front elevation of a house shall consist of garage area, unless doing so would result in an area that could not accommodate the minimum required setbacks and enclosed parking area. the lot is not wide enough to accommodate.
a. a. In the R1-a zone, tThe maximum width of a garage on the front elevation shall be twenty-ﬁve feet, which will accommodate a two-car garage. Additional garage spaces shall be provided through the use of a tandem garage or a detached accessory structure at the rear of the property.
2 3. U sable living area , not including any architectural feature, porch, or patio, shall be a minimum of two feet closer to the street than the garage, unless a side entering garage with curved driveway is provided or the lot is not wide enough to accommodate living area adjacent to the garage, while garages should be set back more.

4. All roofs shall have at least a one-foot overhang.

6. Porches are encouraged.
a. In the R1-a zone, the following porch design guidelines apply2:
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i. When viewed from the street, a porch shall appear proportionately greater in width than in height. A porch diﬀers from an entry element, which has a proportionately greater height than its width. ii. Structural supports shall be designed such that the appearance is not obtrusive or massive.
iii. The use of large columns or pillars is discouraged. iv. The eave height for a front porch shall not be signiﬁcantly taller than the eave height of typical single-story elements in the neighborhood. v. Porch elements shall have detailing that emphasizes the base and caps for posts and fence elements.
b. In R1-6e and R1-a zones, entry features shall not be higher than fourteen feet from natural grade to plate.
2 7. All garage doors shall be recessed a minimum of six (6) inches from the surrounding building wall and shall include trim of at least one and a half (1.5) inches in depth.

9. Exterior and/or uncovered stair access shall not be allowed to the second ﬂoor.

10. Except in R1-e zones, the elevation facing a street shall incorporate at least four architectural features, such as bay windows or an entry feature, and/or elements of architectural interest, such as wall insets or oﬀsets, planters, railings, trellises, a combination of rooﬁng elements (e.g., hip and gable roofs), dormers, change in architectural materials, quoins, accent tiles, or a prominent accent window inset greater than six inches. Windowsills, door or window trim, and rooﬁng materials do not count as one of the features.

11. Gable ends and Dutch gable ends taller than thirty inches shall include at least one element of architectural interest such as:
• a wall oﬀset with corbels, brackets, or change in materials; • louvered wood or metal vents;
• clay of terracotta tile vents;
• accent tile decoration;
• medallion decoration;
• metal grille;
• a change in architectural materials;
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• incorporation of corbels;
• decorative gable pediments;
• eyebrow trellises or pergola structurally attached to the building; or • windows/glazing.

26. Update Section 19.28.120 to make intent language consistent with Section 19.28.070 (G):

27. Update Section 19.28.120 (A) to make applicability language consistent with Section

19.28.070 (G):

A. Applicability. These requirements shall apply to new two-story homes, second- story decks, two-story additions, modiﬁcations to the existing second-story decks and/or new windows on existing two-story homes that increase privacy impacts on neighboring residents.

1. These requirements shall not apply to:
a. Skylights;
b. Windows with sills more than ﬁve feet above the ﬁnished second ﬂoor; c. Obscured, non-openable windows;
d. Windows with permanent exterior louvers to a height of ﬁve feet above the second ﬂoor;
e. Non-operable windows with obscure glass to a height of ﬁve feet above the second ﬂoor;
f. Windows which do not have views into a neighboring side or rear yard or that face a street or a non-residential zoning district; and g. When waivers have been obtained fromby all aﬀected property owners. 220
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28. Update Section 19.28.120 (C) (1) and (2) to clarify objective language, to make language consistent with the requirements for landscaping outlined in Chapter 14.18, and update standards for single-family residences in response to the changes to State law made through SB450:

California native trees are preferred.
b. The tree shall be planted in front of new second stories in the center 50% of the front yard setback area.
i. In the R1-a zone, the tree shall be placed to where views from second story windows across the street are partially mitigated. c. The Director of Community Development may waive the front yard tree or allow the tree to be planted outside of the center 50% of the front yard setback area based on a report from an internationally-certiﬁed arborist citing unavoidable conﬂict with existing mature tree canopies onsite or in the public right-of-way.
d. An existing mature tree in the front yard that is or can typically grow to a height of 30 feet or more and is located in the center 50% of the front yard can be used as the front yard tree, subject to an ISA certiﬁed arborist certifying that the tree is in good health.
e. A covenant shall be recorded to identify the front yard tree as a Protected Tree and notifying current and future property owners to retain and maintain the tree in good health.

2. Privacy Planting.
a. New trees and/or shrubs are required on the applicant's property in an area bounded by a thirty-degree angle on each side window jamb. and a 180- degree angle from each corner of a balcony or second story deck, modiﬁed by the angle created between the furthest corner of the balcony or deck and the corresponding corner of the second story portion of the structure, as shown in the City’s Privacy Protection Requirements Handout. b. The following is required for all side and rear yard-facing second story windows in the R1-6e zone:
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i. Cover windows with exterior louvers to a height of ﬁve feet above the second ﬂoor; or
ii. Obscure glass to a height of ﬁve feet above the second ﬂoor; or iii. Have a windowsill height of ﬁve feet minimum above the ﬁnished second ﬂoor.
c. The Planning Division shall maintain a list of allowed privacy planting trees and shrubs. The list includes allowed plant species, minimum size of trees and shrubs, expected canopy or spread size, and planting distance between trees.
i. In the R1-a zone, the minimum height of privacy trees at the time of planting shall be twelve feet.
ii. In the R1-a zone, privacy planting shall have a minimum setback from the property line equivalent to one-quarter of the spread noted on the City list.
d. The trees and/or shrubs shall be planted prior to issuance of a ﬁnal occupancy permit.
e. Windows or other openings in the wall with a side yard setback less than 10 feet or a rear yard setback of less than 25 feet shall have a minimum windowsill height of more than ﬁve feet or shall have obscure glass and be inoperable with a ﬁxed pane(s).
f. The minimum planter width required for privacy planting shall be three feet. Emergency access paths shall not be concurrent with areas designated as privacy planting planters.
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29. Update Section 19.28.150 to clarify objective language and update standards for ministerial approval of up to two units to reﬂect changes to State law made through SB450:

1. Development Standards (Gov.

Code, § 65852.21)
a. Except as otherwise provided herein, uUnits shall not exceed 800 square feet per unit and shall comply with Paragraph B, above.; or
b. The ﬂoor area of the larger unit in a duplex development proposed pursuant to this Section shall be no more than 200 square feet greater than the smaller unit of the duplex development.
c. Notwithstanding subparagraph (a), development pursuant to this Section may have a maximum Floor Area Ratio of up to 45% of the net lot area, and a maximum Lot Coverage of 45% of the net lot area plus an additional 5% for roof overhangs, patios, porches, and other similar features not Substantially Enclosed, if it complies with the requirements of Paragraph B and subparagraphs 2 through 16 of this Paragraph; provided, however, that a housing development project on a lot having a slope 30% or greater shall not exceed the ﬂoor area allowed under Chapter 19.40. However, under no circumstances shall the size of any ministerially approved unit exceed 2,000 square feet of living space. b. Units exceeding 800 square feet may be permissible if compliant with the following:
i. Cumulative Floor Area Ratio and Lot Coverage of the applicable zoning district (i.e. R1, R1-a, R1-e, or R1-i); and
ii. The requirements of Paragraph B; and
iii. Subparagraphs 2 through 16 of this Paragraph.
cd. If the site has been occupied by a tenant in the last three years, no more than 25% of the exterior walls alteration or demolition of an existing unit shall occurbe demolished. 223
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e. If no dedication was required for creation of the lot, the project shall include a dedication to accommodate the predominant public right of way, as determined by the City Engineer, abutting the corresponding lot line and frontage improvements, including curb, gutter and sidewalk shall be installed by the applicant.

2. Second to First Floor Area
Ratio:
a. The ratio of the second story to ﬁrst story ﬂoor area shall not exceed 5066% in all R1 zoning districts except the R1-a district. except that:
i. In all R1 zoning districts except the R1-a district:

1. The ratio of the second story to ﬁrst story ﬂoor area may exceed 50%, up to a maximum of 66%, if a combined ﬁrst-story side setback of 15 feet (with no ﬁrst-story side setback less than ﬁve feet), second- story side setbacks of at least 15 feet each, a rear setback of 20 feet on the ﬁrst story and a rear setback of 25 feet on the second story are provided.
b. ii. In the R1-a zoning district: See Section 19.28.090 (C).

1. The maximum ratio of the second story to ﬁrst story ﬂoor area is 40% but no larger than 500 square feet, except where allowed below;

2. A second ﬂoor may exceed 500 square feet, but shall not in any case exceed 1,100 square feet, if ﬁrst-story side setbacks of at least 10 feet each , a combined second-story side setback of 35 feet (with no second story side setback less than 15 feet), and a rear setback of 20 feet for the ﬁrst story and 40 feet for the second story are provided. b. Interior areas (measured from the ﬁnished ﬂoor to the top of the roof rafters) with heights greater than 16 feet shall be double counted as ﬂoor area as follows:
i. For one story homes, the ﬂoor area shall be double counted as ﬁrst ﬂoor area. ii. For two story homes, the ﬂoor area shall be counted once each for ﬁrst and second ﬂoor area.

3. Interior Areas a. See Section 19.28.070 (D)

3. 4. Setbacks:
a. Minimum ﬁrst-story front setback is 20 feet, unless otherwise required in a tract map or zoning map except that:
i. In the R1-a zoning district, the required minimum setback is 30 feet. 224
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ii. Garages with up to two parking spaces shall be set back two additional feet from the face of the living area of the unit, not including a front entry feature or porch. iii. Third car garage spaces:

1. On lots when the garage is visible from the street: parking shall be provided in tandem or in a detached accessory structure at the rear of the property.

2. On ﬂag lots or on side-oriented garages located at the rear of the principal unit: a third parking space may be on the same wall plane as the other two parking spaces. b. Minimum second-story front setback is 25 feet except that:
i. In the R1-a zoning district, the required minimum setback is 30 feet. c. Minimum ﬁrst- and second-story side and rear setbacks shall be four feet each; provided, however, that:
i. No setbacks shall be required for an existing structure or for a structure constructed in the same location and to the same dimensions as an existing structure. ii. No new or expanded structures shall encroach upon any existing public or private utility easements.
iii. No setback shall be required from a shared new side lot line between the two new lots created pursuant to an Urban Lot Split under Government Code Section 66411.7 when:

1. More than one new primary dwelling unit is approved concurrently with an Urban Lot Split; and

2. Units with a zero-foot setback are developed concurrently; and

3. All other side yard setbacks are a minimum of ﬁve feet on the ﬁrst story and 10 feet on the second story; and

4. The entirety of wall faces along the shared property line are structurally attached; and

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e. Detached primary residential structures: Detached structures located on the same lot shall have a setback of ﬁve feet as measured between the eaves of the two structures.

54. Maximum height:
a. Principal Dwelling units are limited to 28 feet in height and no more than two stories except that:
i. In R-1 Zoning Districts with “i" suﬃx, buildings shall be limited to one story (not to exceed 18 feet).
b. First-story building envelope: See Section 19.28.070 (J) (3) All the maximum exterior wall height and building height of single-story structures and single story sections of two-story structures must ﬁt into the building envelope deﬁned by:
i. A 9-foot-high vertical line from natural grade measured at the property line; and ii. A 25-degree roof line angle projected inward at the 9-foot-high line referenced above; Notwithstanding the ﬁrst story building envelope, a gable end of a roof enclosing an unﬁnished attic space may have a maximum wall height of 13 feet to the peak of the roof as measured from natural grade.
c. Second-story building envelope: See Section 19.28.070 (J) (3) All the maximum exterior wall height and building height on two-story sections of two-story structures must ﬁt into the building envelope deﬁned by:
i. A 15-foot-high vertical line from natural A 25-degree roof line angle projected inward at the 15-foot-high line referenced above.grade measured at the property line; and ii. A 25-degree roof line angle projected inward at the 15-foot-high line referenced above. d. Notwithstanding subsections (b) and (c) above, portions of the structures developed utilizing the provisions of subsection (43)(c) above, do not have to meet the ﬁrst story or second story building envelope requirements.

65. Basements: Not allowed. Allowed, subject to the requirements outlined in Section 19.28.070 (I).

76. Landscaping and Privacy
Protection:
a. Landscaping: All proposed landscaping shall meet the requirements of Chapter 14.15 of the Municipal Code.
b. Front Yard Tree Required: Shall be provided in the same manner as required pursuant to Section 19.28.120.
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i. A 24-inch box California native tree that typically grows to a mature height of more than 30 feet is required for all two-story homes and must be placed in the center 50% of the front yard.
ii. An existing mature tree in the front yard that is or can typically grow to a height of 30 feet of more and is located in the center 50% of the front yard can be used as the front yard tree, subject to an ISA certiﬁed arborist certifying that the tree is in good health. iii. A covenant shall be recorded to identify the front yard tree as a Protected Tree and notifying current and future property owners to retain and maintain the tree in good health.
c. Privacy Protection Planting: for windows from second story windows shall be providedrequired in the same manner as required pursuant to Section 19.28.120., except as provided below:
i. Windows or other openings in the wall with a side yard setback less than 10 feet shall have a minimum windowsill height of ﬁve feet one inch or shall have obscure glass and be inoperable with a ﬁxed pane(s).
ii. Windows or other openings in the wall with a rear yard setback less than 25 feet shall have a minimum windowsill height of ﬁve feet one inch, or shall have obscure glass and be inoperable with a ﬁxed pane(s).
iii. Subsections (a) and (b) do not apply to skylights or windows which do not have views into an adjacent side or rear yard or that face a street or a non-residential zoning district. iv. Minimum planter width required for privacy planting shall be three feet. Emergency access paths shall not be concurrent with areas designated as privacy planting planters.

87. Private open space:

Each unit must provide at least 15% of the unit ﬂoor area as private open space on the ﬁrst ﬂoor, with no dimension less than 10 feet. Private open space shall not be located in the required front yard setback area. See Section 19.28.110 (A) (12).

98. Permitted yard encroachments:
a. Front entry features, but not porches, may encroach into a required front yard setback up to three feet.
b. Architectural features Mmay extend into a required yard a distance not exceeding three feet. 227
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c. No architectural feature, or combination thereof, whether a portion of a principal or accessory structure, may extend closer than three feet to any property line. d. Architectural features may not exceed 50% of the wall they are on, as measured from the interior wall surfaces.
109. Second story decks, balconies,
or similar features Not Allowed Minor Residential Permit required consistent with Section 19.28.070 G. 1110. Design Standards:
a. See Sections 19.28.060, 19.28.070, and 19.28.110 (A). a. Entry features:
i. A maximum of one entry feature per unit is allowed and no more than one entry feature per structure shall be allowed.
ii. The entry feature shall be oriented to face the street and shall include a front entry door also oriented to face the street.
iii. Maximum entry feature height is 14 feet as measured from natural grade to the top of the plate.
iv. If a duplex with attached units is proposed, a proposed entry feature may incorporate two entrance doors for the two units. One of the entrance doors or a common opening into a shared entry portal shall be oriented to face the street. v. If duplexes are proposed on corner lots, the entrances to the two units shall be on diﬀerent street frontages, except that if the corner lot fronts a major collector, both the entrances may be located on the minor collector or neighborhood street. b. If a front porch (not a front entry feature) is proposed, the porch shall be proportionately greater in width than in height.
i. Porch elements shall have detailing that emphasizes the base and have caps for posts and fence elements of the porch.
c. Exterior and/or uncovered stair access shall not be allowed to the second ﬂoor. d. All new structures proposed in the R1-e zoning district shall meet the building design requirements in Section 19.28.080 and shall meet the Eichler design guidelines. e. In the R1-a zoning district, the second story shall not cantilever over a ﬁrst story wall plane. 228
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f. In addition to standards outlined in subsections (1) – (9) above, development on properties with an average slope greater than 10% shall comply with Section 19.40.050 (F), (G), and (I) and Section 19.40.060(E), (H), (I) and (J).
g. Windows and doors shall either:
i. Have a minimum three-and-one half inch in width by three-quarter inch in depth trim when protruding from the wall or
ii. Be inset a minimum of three inches from the exterior ﬁnish of the structure. If recessed, the primary siding material shall cover the recessed edge faces and wrap toward the interior face of the window glazing or door by not less than two-inch depth.
h. All garage doors shall be recessed a minimum of six (6) inches from the surrounding building wall and shall include trim of at least one and a half (1.5) inches in depth. i. Roof overhangs or building eaves shall be a minimum of 12 inches in width. j. Detached structures on a lot must use the same architectural style and materials. k. Where the garage faces the side yard, but is visible from the street, the garage shall incorporate a window on the street front facade so that it appears to be a habitable portion of the house. The window style must be the same as the windows on the habitable dwelling unit(s).
l. Enclosed living area shall be closer to the street than garage space. Garages shall be set back as identiﬁed in subparagraph (3) above.
m. No more than ﬁfty percent of the front elevation of a house shall consist of garage space. n. The maximum width of a garage on the front elevation shall be 24 feet for a two-car garage. o. Garage doors for no more than two car spaces shall be visible from the public right of way. p. Outdoor lighting shall comply with the requirements of Chapter 19.102. q. The elevation facing a street shall incorporate at least four architectural features, such as bay windows or an entry feature, and/or elements of architectural interest, such as wall insets or oﬀsets, planters, railings, trellises, a combination of rooﬁng elements (e.g., hip and gable roofs), dormers, change in architectural materials, quoins, accent tiles, or an accent window 229
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inset greater than six inches. Windowsills, door or window trim, and rooﬁng materials do not count as one of the features.
r. Gable ends and dutch gable ends taller than thirty inches shall include at least one element of architectural interest such as:
• a wall oﬀset with corbels, brackets or change in materials; • louvered wood or metal vents;
• clay of terracotta tile vents;
• accent tile decoration;
• medallion decoration;
• metal grille;
• a change in architectural materials;
• incorporation of corbels;
• decorative gable pediments;
• eyebrow trellises or pergola structurally attached to the building or • windows/glazing.
s. Stone veneer or accent materials used as a wainscot on a street facing façade shall be wrapped around to the side façade and end at a logical terminus, such as a fence line or a chimney or at an interior corner.
t. Stone veneer or any other siding material wrapped on columns shall terminate at the ﬂoor. 1211. Accessory
buildings/structure:
a. Allowed pursuant to the requirements of Chapter 19.100, except that Accessory Dwelling units or Junior Accessory Dwelling units shall not be permitted on any lot in the R-1 zoning district if a lot split has been approved pursuant to Section 18.12.170 and one or more unit(s) hasve been approved for construction pursuant to this Section 19.28.150 on each resulting lot. b. Limited to one story (not exceed 15 feet).
c. Accessory Dwelling Units shall meet subsections (1) and (2) above and shall additionally be in compliance with the regulations of Chapter 19.112.
d. Air conditioning units and similar mechanical equipment such as generators, sump pumps, heating, and ventilation equipment shall be ground-mounted and screened from public view 230
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or underground and shall meet accessory structure setbacks and adhere to the requirements of Chapter 10.48 of the Municipal Code.

12. Fences: Shall comply with the requirements of the Chapter 19.48 of the Municipal Code.

13. Refuse, recycling, and other
containers
a. See Section 19.28.070 (L) and 19.28.090 (M). A minimum 8-foot by 3-foot space per unit, not visible from the street, shall be provided in an interior yard behind a fence. b. This area shall not be concurrent with any emergency access pathway required by the Fire Department.

14. Parking
a. Units shall have at least one oﬀ-street parking space, except that parking requirements shall not be imposed in either of the following instances:
i. The parcel is located within one-half mile walking distance of either a high-quality transit corridor, as deﬁned in Public Resources Code Section 21155(b) Code, or of a major transit stop, as deﬁned in Public Resources Code Section 21064.3. ii. There is a car share vehicle located within one block of the parcel. b. Each pParking space(s) shall be provided in an enclosed garage encompassing a 10’ by 20’ space for each space, unobstructed (i.e., by walls, appliances, etc.) between six inches from ﬁnished ﬂoor up to six feet from ﬁnished ﬂoor.
c. When additional enclosed parking space(s) is/are provided, the space(s) shall meet the requirements of Chapter 19.124.

15. Driveway and curb cuts:
a. A one car driveway shall be a minimum of 10 feet in width and a maximum of 12 feet in width.
b. A two-car driveway shall be a maximum of 20 feet in width. Any third or more driveway spaces shall be in tandem.
c. Subparagraphs a and b do not apply to the ﬂag lot access area. d. When a two-car curb cut is permitted, a maximum 18’ foot wide curb cut shall be allowed. e. When a one-car curb cut is permitted, a maximum 12’ foot wide curb cut shall be allowed.

Subject to the requirements of Sections 19.28.070 (G) and 19.28.070 (H).

16. Short Term Rentals Prohibited: No residential unit created pursuant to this Section may be rented for a term of 30 days or less. 231
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Chapter 19.36

30. Update Table 19.36.070 (C) (3) to make consistent use of the spelling of usable:

Projects with up to four units Projects with ﬁve or more units

3. Rear-
yard
20 feet or 20% of
the lot depth,
whichever is
greater. Main
building may
encroach as close
as 10 feet to rear
lot line if
a useable rear-
yard setback area
of not less than
twenty times the
width of the lot is
maintained.
20 feet or 20% of
the lot depth,
whichever is
greater.
20 feet or 20% of
the lot depth,
whichever is
greater. Main
building may
encroach as close
as 10 feet to rear
lot line if
a useable rear-yard
setback area of not
less than twenty
times the width of
the lot is
maintained.
20 feet or 20% of
the lot depth,
whichever is
greater.

Additional 10 feet
for ﬂoors more
than one story
higher than any
adjacent primary
residential
structures.

31. Edit Table 19.36.070 (G) to use correct spelling of sight:

G. Corner Triangle and Sidewalk
Sighte Triangle
Shall remain free and clear of all buildings
or portions thereof
Chapter 19.38

32. Edit Table 19.38.070 (F) to use correct spelling of sight:

Chapter 19.40

33. Update Section 19.40.040 (A) to make requirement for information clearer:

34. Update Section 19.40.050 (B) (5), 19.40.050 (E) (1), 19.40.050 (F) (1) and (2), and

19.40.050 (I) through (K) to clarify objective language and update standards for residential F. Corner Triangle and Sidewalk Sighte
Triangle
Shall remain free and clear of all buildings
or portions thereof.
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hillside projects to reﬂect changes to State law made through SB450 and to correct landscaping standards reference:

B. Minimum Lot Area

5. Lots created and/or
developed pursuant to
Government Code
Section 64411.7 and
65852.21
a. a. Each resulting lot shall be at least 40% of the size of the original lot being split.
b. Each resulting lot shall share one common driveway. If an existing driveway or curb cut exists, a new driveway or curb cut location shall not be approved.
c. Up to two new property lines may be added to create a new lot and shall follow the contours of the property.
d. If in an area where direct sanitary sewer connection is unavailable, a percolation test completed within the last ﬁve years, or if the percolation test has been recertiﬁed, within the last 10 years, must be provided.
e. Building pads shall be identiﬁed on the ﬂattest portion of a lot, closest to an existing driveway. Where no
driveway exists, building pads shall be identiﬁed on
the ﬂattest portion of the lot, closest to the access road unless doing so would result in a combined grading
total greater than that required for siting elsewhere on the lot. In those cases, building pads shall be sited so as to result in the minimum required grading to develop
two units of up to 800 square feet each.
f. b. No side or rear setbacks shall be required for an existing structure or for a structure constructed in the same location and to the same dimensions as an existing structure.
g. No new or expanded structures shall encroach upon any existing public or private utility easements.
--- --- ---
E. Site Grading

1. Maximum
Grading Quantity
a. Cumulative total of 2,500 cubic yards, cut plus ﬁll.

Includes: grading for building pad, yard areas, driveway and all other areas requiring grading.

Excludes: basements
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b. All cut and ﬁll shall be rounded to contour with natural contours and planted with landscaping which meets the
requirements in Section 19.40.050 GF.
c. For each of the lots developed or created pursuant to Government Code Sections 64411.7 and 65852.21, a
cumulative total of 1,250 cubic yards, cut plus ﬁll (including grading for building pad, yard areas, driveway, all other areas requiring grading, and basements), except if the
original lot that was subdivided has already performed prior grading, then the amount of grading that has previously occurred shall be reduced from the maximum grading
quantity allowed cumulatively on the two resulting lots. i. Unless required by the City Engineer or to meet Fire Code requirements, grading activity on lots with an average slope of:

A. Less than ﬁve percent shall not result in a change in grade elevation by more than 12 inches from existing
natural grade.

B. Between ﬁve and ten percent shall not result in a
change in grade elevation by more than 24 inches
from existing natural grade.

C. Ten percent or more shall not result in a change in
grade elevation by more than three feet from
existing natural grade.
c. In all cases, the following shall apply:
i. Changes in grade elevation shall be limited to the minimum extent necessary to ensure adequate drainage and access as demonstrated by a grading and drainage plan
prepared by a registered civil engineer.
ii. Split level designs shall be used to avoid additional changes in grade elevation.
iii. Unless otherwise required by the City Engineer, spoils shall be balanced on site and shall match the existing
grading and drainage pattern of the site.
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iv. Unless required by the City Engineer, development shall not result in a ﬁnished ﬂoor more than 36 inches above
ﬁnished grade.

Shall be limited to the building pad area to the greatest extent possible.

2. Graded Area
a. Shall be limited to within 50 feet of the building pad area, unless additional grading is required for emergency access, as determined by the Fire Department, or for utilities, as determined by the applicable service provider or the City Engineer to the greatest extent possible.
b. For lots developed or created pursuant to Government Code Sections 64411.7 and 65852.21, graded areas are limited to within 50 feet of the building pad area.

3. Common
Driveways
Grading quantities shall be divided equally among the
participating lots.

E.g., two lots sharing a driveway shall divide the driveway grading quantity in half. The divided share will be charged against the grading quantity allowed for that lot development.

4. Flat Yard Area
a. Limited to a maximum of 2,500 square feet, excluding driveways.
b. For a two-lot subdivision, lots developed or created pursuant to Government Code Section 64411.7, limited to a maximum of 1,250 square feet per lot, excluding driveways, except as further limited by subsection (I).

5. Soil Erosion and
Screening of Cut
and Fill Slopes Plan
A licensed landscape architect shall review grading plans and shall, in consultation with the applicant and the City Engineer, submit a plan to prevent soil erosion and to screen cut and ﬁll slopes.

F. Landscaping
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1. Tree Planting
Plan
Shall be prepared by a licensed landscape architect to:
a. Screen the residential structures to the greatest possible extent from the following prominent intersections.

For projects pursuant to Government Code Section 65852.21, nNo more than 50% of the visible wall face surface area shall be visible from the following prominent intersections:
i. Foothill Boulevard and Cristo Rey Drive
ii. Foothill Boulevard and Alpine Way
iii. Bellevue and Carmen Road
iv. Linda Vista Drive and Hyannisport Ave
v. Hyannisport Ave and Bubb Road
vi. Rainbow Ave and Weymoth Drive.

A visual simulation from each of the intersections above shall be provided to indicate compliance.

2. Landscape
Requirements
a. Reintroduce trees on barren slopes which were denuded by prior agricultural activities.
b. Must comply with the Chapter 14.15, Landscaping Ordinance and Wildland Urban Interface Fire Area (WUIFA) requirements. c. At least 50% of the front yard area shall be landscaped (i.e., not hardscaped)
--- --- ---
I. Development on
Slopes of ≥ 30%
a. Hillside Exception required for all grading, structures, and other development > 500 square feet, except that on lots developed or created pursuant to Government Code
Sections 64411.7 and 65852.21, grading, building pads for structures and other development is limited to a
maximum of 500 square feet for each lot.
b. If the lots developed or created pursuant to Government Code Sections 64411.7 and 65852.21 have no areas with
slopes less than 30% that can accommodate up to two units of 800 square feet each, grading for building pads for
structures is limited to 800 square feet. No other
development shall be permitted on such lots (e.g.,
development for flat yard area), unless required by the City Engineer.

J. Trail Linkages and
Lots Adjoining Public
Open Spaces Site Plan
a. Site plan must identify trail linkages as shown in the General Plan Trail Plan, on and adjacent to the site.
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b. If a trail linkage is identified across a property being developed, development shall not take place within that area unless approved through the exception process, except that on lots developed or created pursuant to Government Code Sections 64411.7 and 65852.21, no development may
occur in an area where a trail linkage is identified on the property.
c. For lots adjoining Public Open Spaces, driveways and buildings shall be located as far as feasible from the Public Open Space and designed in a manner to minimize impacts on the Public Open Space, except that on lots developed or created pursuant to Government Code Sections 64411.7
and 65852.21, no development may occur within 50 feet of a Public Open Space unless doing so would preclude the
development of up to two units of 800 square feet each.

19.28.120, is required for views from the second story into adjoining side or rear yards. Windows or other openings in the wall with a side yard setback less than 15 feet or a rear yard setback less than 25 feet shall have a minimum
windowsill height of five feet one inch or shall have obscure glass and be inoperable with a fixed pane(s).

35. Update Table 19.40.060 (A) to address inadvertent changes to standards for lots less than 10,000 square feet in size and to reﬂect changes to State law made through SB450:

A. Floor Area Ratio (FAR)

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have a ﬂoor area as calculated in subsection (c) below, if it complies with the requirements of this Section; provided, however, that if the housing development is on a parcel created by a ministerial lot split under Chapter 18.20.170, the maximum allowable ﬂoor area for the original lot shall be allocated to each resulting lot equal to the proportionate size of each resulting lot to the original lot. However, under no circumstances shall the size of ministerially approved units exceed 2,000 square feet of living space.
c. For projects not subject to ministerial approval under Paragraph (a) or (b), maximum allowable development shall be the lesser of:
i. 6,500 square feet; or
ii. For lots with a net lot area of less than 10,000 square feet, 45% of the net lot area times the slope adjustment factor pursuant to Section 19.40.060(A)(2)*; or
*Formula = (0.45 x Net lot area) x (Slope adjustment
factor)
iii. For lots with a net lot area of greater than or equal to 10,000 square feet, 4,500 square feet plus 59.59 square feet for every 1,000 square feet over 10,000 square of net lot area, times the slope adjustment factor pursuant to Section 19.40.060(A)(2)**
**Formula = ((4,500 + ((Net Lot Area - 10000)/1000))
(59.59)) x (Slope Adjustment Factor)

36. Update Table 19.40.060 (A) (2) (c) to clarify slope adjustment factor for slopes exceeding 30%:
c. Average slope >
30%
Allowable ﬂoor area shall be reduced by a constant
30%
Slope adjustment factor=(1- 0.3) = 0.7
>30% 30.00%

37. Update Sections 19.40.060 (D), 19.40.060 (F) (1), 19.40.060 (H), and 19.40.060 (L) to clarify objective language and update standards for ministerial approval of up to two units to reﬂect changes to State law made through SB450:

D. Second and Third Story Decks and Patios Balconies Minimum Setbacks

1. Front Yard - 17 feet 17 feet
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2. Side Yard - 15 feet 15 feet

3. Rear Yard - 20 feet 20 feet

4. Lots
developed
pursuant to
Government
Code Section
65852.21
Not allowed.
--- --- ---
F. Permitted Yard Encroachments

1. Extension of a
Legal Non-
conforming Wall
Plane for
structures not
located within a
prominent
ridgeline site
line
a. Where a building legally constructed according to existing ﬁrst ﬂoor yard and setback regulations at the time of construction encroaches upon present required ﬁrst ﬂoor setbacks, one encroaching side of the existing structure may be extended along existing building lines.
b. Only one such extension shall be permitted for the life of the building.
c. Encroachments into a required yard which are the result of the granting of a variance may not be further extended.
d. Further encroachment into a required setback is not allowed; i.e., a non-conforming setback may not be further reduced.
e. In no case shall any wall plane of a ﬁrst-story addition be placed closer than three feet to any property line.
f. Shall not apply to properties developed or created pursuant to Government Code Section 65852.21 and 64411.7.
--- --- ---
H. Design Standards

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c. Second Story Dormers
Permitted within the second story
setbacks as long as they are minor in
shape and size.
d. Downhill Elevation of main
structure
Shall have a minimum of four oﬀset
building and roof elements to
provide varied building forms to
produce shadow patterns which
reduce the impact of visual mass.
e. High Wall Planes
Wall planes exceeding one story or
20 feet in height, whichever is more
restrictive, shall contain
architectural elements in order to
provide relief and to break up
expansive wall planes.
f. Roof Overhangs
Roof overhangs or building eaves
shall be a minimum of 12 inches in
width

2. Colors a. Natural Earth Tones
All structures on the lot shall use
natural earth tone and/or vegetation
colors which complement the
natural surroundings. Natural earth-
tone and vegetation colors include
natural hues of brown, green and
shades of gray.
b. Reﬂectivity Value Shall not exceed 60 on a ﬂat surface

3. Outdoor
Lighting All outdoor lighting shall meet the requirements in Chapter 19.102.

4. Garages
All projects shall strive to attain, except that ministerially approved projects pursuant to Government Code Section 65852.21 shall attain, the following standards:
a. No more than 50% of the façade visible from the right of way shall comprise the garage.
b. A two car garage face shall not exceed 24 feet in width and a one car garage face shall not exceed 12 feet in width.
c. Garages visible from the right of way shall be setback a minimum of two feet from the livable areas of the home except 240
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if only the garage and/or the entrance to the home, and no other livable portions of the home, are accessible from the street level.
d. Third car spaces shall be provided in tandem or shall be provided in a detached accessory structure.
e. All garage doors shall be recessed a minimum of six (6) inches from the surrounding building wall and shall include trim of at least one and a half (1.5) inches in depth.
f. Where the garage door faces the side yard, but the garage itself is visible from the street, the garage shall incorporate a window on the street front facade so that it appears to be a habitable portion of the house. The window style must be the same as the windows on the habitable dwelling unit(s). g. Garage doors for no more than two car spaces shall be visible from the public right of way.

5. Entry Features
All projects shall strive to attain, except that ministerially approved projects pursuant to Government Code Section 65852.21 shall attain, the following standards:
a. Only one entry feature shall be permitted per structure and only one entry feature shall be visible from the public street. b. Duplexes shall have entrances to each unit on diﬀerent building frontages.
c. Entry features shall be limited to 14 feet in height from the natural grade to the top of wall plate.

6. Uncovered/
exterior
staircases
Not allowed.

7. Basements Allowed, subject to the requirements outlined in Section 19.28.070 (I).

8. Architectural
Features
The elevation facing a street shall incorporate at least four architectural features, such as bay windows or an entry feature, and/or elements of architectural interest, such as wall insets or oﬀsets, planters, railings, trellises, a combination of rooﬁng elements (e.g. hip and gable roofs), dormers, change in architectural materials, quoins, accent tiles, or an accent window inset greater 241
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than six inches. Windowsills, door or window trim, and rooﬁng materials do not count as one of the features.

9. Gable and
Dutch Gable
Ends
Gable ends and Dutch gable ends taller than thirty inches shall include at least one element of architectural interest such as:
• a wall oﬀset with corbels, brackets or change in materials; • louvered wood or metal vents;
• clay or terracotta tile vents;
• accent tile decoration;
• medallion decoration;
• metal grille;
• a change in architectural materials;
• incorporations of corbels;
• decorative gable pediments;
• eyebrow trellises or pergola structurally attached to the building or
• windows/glazing.

12. Private
Open Space
Each unit must provide at least 15% of the unit ﬂoor area as private open space on the ﬁrst ﬂoor, with no dimension less than 10 feet.

13. Refuse,
recycling,
and other
containers
a. A minimum of an 8 foot by 3 foot space per unit, not visible from the street, shall be provided in an interior yard, behind a fence.
b. This area shall not be concurrent with any emergency access pathway required by the Fire Department.
--- --- ---
L. Oﬀ-street
Improvements
For lots developed pursuant to Government Code Section 65852.21, uUpon development of any newly subdivided the lot, appropriate public right of way dedications shall be made to accommodate the predominant width of the street and street improvements shall be installed to the Public Works Departments standards.
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38. Update Section 19.40.090 to clarify objective language and update standards for ministerial approval of up to two units to reﬂect changes to State law made through SB450:

19.40.050 and 19.40.060 and the following:

1. Basements Not aAllowed, subject to the requirements outlined in Section 19.28.070 (I).

2. Balconies, decks, or
other similar
structures
Not aAllowed, subject to the setback requirements outlined in Section 19.40.060 (D).

3. Design Standards
a. See Section 19.40.060.
a. Windows and Doors shall either:
i. Have a minimum three-and-one half inch in
width by three-quarter inch in depth trim when
protruding from the wall or
ii. Be inset a minimum of three inches from the
exterior ﬁnish of the structure. If recessed, the
primary siding material shall cover the recessed
edge faces and wrap toward the interior face of
the window glazing or door by not less than two-
inch depth.
b. All garage doors shall be recessed a minimum of six (6) inches from the surrounding building wall and shall
include trim of at least one and a half (1.5) inches in depth.
c. Roof overhangs or building eaves shall be a minimum of 12 inches in width.
d. Detached structures on a lot must use the same
architectural style and materials.
e. Where the garage faces the side yard, but is visible from the street, the garage shall incorporate a window on the street front facade so that it appears to be a habitable 243
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portion of the house. The window style must be the
same as the windows on the habitable dwelling unit(s).
f. Garage doors for no more than two car spaces shall be visible from the public right of way.
g. The elevation facing a street shall incorporate at least four architectural features, such as bay windows or an
entry feature, and/or elements of architectural interest, such as wall insets or oﬀsets, planters, railings, trellises, a combination of rooﬁng elements (e.g. hip and gable
roofs), dormers, change in architectural materials,
quoins, accent tiles, or an accent window inset greater than six inches. Windowsills, door or window trim, and
rooﬁng materials do not count as one of the features.
h. Gable ends and dutch gable ends taller than thirty
inches shall include at least one element of architectural interest such as:
o a wall oﬀset with corbels, brackets or change in
materials;
o louvered wood or metal vents;
o clay or terracotta tile vents;
o accent tile decoration;
o medallion decoration;
o metal grille;
o a change in architectural materials;
o incorporations of corbels;
o decorative gable pediments;
o eyebrow trellises or pergola structurally attached to the building or
o windows/glazing.
i. Stone veneer or accent materials used as a wainscot on a street facing façade shall be wrapped around to the side façade and end at a logical terminus, such as a fence line or a chimney.
j. Stone veneer or any other siding material wrapped on columns shall terminate at the ﬂoor.

4. Private Open
Space
Each unit must provide at least 15% of the unit ﬂoor area as private open space on the ﬁrst ﬂoor, with no dimension less than 10 feet.
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5. Refuse, recycling,
and other containers
a. A minimum 8 foot by 3 foot space per unit, not visible from the street, shall be provided in an interior yard
behind a fence.
b. This area shall not concurrent with any emergency
access pathway required by the Fire Department.

4. Setbacks
a. See Section 19.40.060.
b. Detached structures: Detached structures located on the same lot shall have a setback of ﬁve feet as measured
between the eaves of the two structures.

56. Parking
a. Units shall have at least one oﬀ-street parking space, except that parking requirements shall not be imposed in either of the following instances:
i. The parcel is located within one-half mile walking
distance of either a high-quality transit corridor, as
deﬁned in Public Resources Code Section 21155(b)
Code, or of a major transit stop, as deﬁned in Public
Resources Code Section 21064.3.
ii. There is a car-share vehicle located within one
block of the parcel.
b. Parking space(s) shall be provided in an enclosed garage encompassing 10’ by 20’ space for each space,
unobstructed (i.e., by walls, appliances, etc.) between six inches from the ﬁnished ﬂoor up to six feet from the
ﬁnished ﬂoor.
c. When additional enclosed parking space(s) is/are
provided, the space(s) shall meet the requirements of
Chapter 19.124.

Chapter 19.44

39. Update Section 19.44.020 (A) to correct reference:

A. The requirements of this chapter, unless waived or modiﬁed in accord with Section 19.44.0980, must be met with respect to all real properties intended to be developed as, or converted to, a single-family residential cluster development as described in this chapter, including the conversion of existing apartment houses to condominiums.
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Chapter 19.46

40. Edit Table 19.46.070 (G) to use correct spelling of sight:

Chapter 19.60

41. Update Section 19.60.050 to correct references:

A. Land Use Criteria. Unless otherwise provided by a conditional use permit, the following regulations shall apply to all users governed by this chapter.

3. The activity must be conducted entirely within a building or enclosed patio or atrium except for:
b. Vehicular parking including the parking of business related vehicles that comply with the sign, oﬀ-street parking, and noise regulations; c. Outdoor seating for restaurants in accordance with the requirements of Section 19.60.0430.
d. Special promotional events undertaken by permitted businesses; e. The display of merchandise in front of stores must be displayed under a roof overhang or canopy and must be displayed in an organized, neat, and safe fashion, in accordance with the requirements of Section 19.60.0430.

Chapter 19.100

42. Update Section 19.100.030 (B) (1) (b) to clarify the applicability of the attached accessory structure setbacks:
b. Attached accessory
buildings/structures
Must meet all site development regulations, including
setbacks, height and lot coverage regulations
applicable to principal dwellings in the applicable
zone, unless a separate setback standard is provided
in subsection (d) through (g) below.

43. Update Section 19.100.030 (D) (2) (b) to make consistent use of the spelling of usable:

Chapter 19.102

44. Edit Section 19.102.020 (D) to clarify applicability of standards:

G. Corner Triangle and Sidewalk
Sighte Triangle
Shall remain free and clear of all buildings
or portions thereof.
b. Maximum lot coverage 30% of the useable rear yard area 246
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D. New or replacement glass
windows, doors, or features
Section 19.102.030(A), (B), and (D), apply only to the
new exterior glass windows, doors, or features
Chapter 19.104

45. Update Section 19.104.100 (L) to correct an internal reference:

L. Window Signs. Window signs subject to the limitations in Sections 19.104.150 and

19.104.2980. One "OPEN" sign not exceeding two square feet and of any material may be placed in a window without penalty towards window coverage limitations;

46. U pdate Section 19.104.140 to clarify standards:

Commercial
& Industrial
• One sign per
business with
exterior frontage

• One
additional for:
- Businesses
with no ground
sign and
adjacent to more
than one street
or shopping
center
driveway.; or

- Sign directed
to interior of
project and not
visible from any
public right- of-
way.; or

- Single tenant
building pad
with more than
5,000 s.f.
• 1 s.f. per
linerar ft of
store
frontage on
which sign
is located.

• 70% of
store
frontage
maximum

• Length =
total
combined
length of
each row of
sign copy

• Minimum
area = 20
s.f.
200
s.f.
• No more than one
wall sign per frontage

• Shall not project above
the roof or top of
parapet, unless it is an
integral part of the face
of an architectural
projection.

• No projecting wall
sign shall extend into a
public right-of-way
more than twelve
inches. Any projecting
sign shall have a vertical
clearance of at least
ﬁfteen feet above a
private or public
vehicular roadway,
alley, driveway, or
parking area, and at
least eight feet above a
sidewalk, pedestrian
mall, or landscaped
area.

CDD
Meets
Design
Criteria in
Section

19.104.220
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Oﬃce &
Institutional
• One sign per
business with
exterior frontage

• One
additional for:
- Businesses
with no ground
sign and
adjacent to more
than one street
or major
shopping center
driveway.; or
- Sign directed
to interior of
project and not
visible from any
public right- of-
way.
• 1 s.f. per
linear ft. of
business
frontage on
which sign
is located.

• 70% of
business
frontage
maximum

• Length =
total
combined
length of
each row of
copy
40 s.f. Same as above CDD Same as
above

47. Update Section 19.104.150 (C) to correct an internal reference:

C. Logos,
Symbols,
or Insignia
All except
residential
districts
Same as Sec.

14.24.050

19.104.140
9 s.f.

Same as
Sec.

19.104.140
•Illuminated -
CDD

•Not
illuminated -
exempt
Shall meet Design
Review Criteria in
Sec. 19.104.220 and
restrictions in Sec.

19.104.190

48. Edit Table 19.104.160 to use correct spelling of sight:

Use/
Zoning Number
Size
Allowed Area
& Length
Location
Maximum
Height
Review Authority Review
Criteria

• Double faced
signs: Area of
larger face of

• No portion of any sign over
three feet in height shall be
located within a

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Use/
Zoning Number
Size
Allowed Area
& Length
Location
Maximum
Height
Review Authority Review
Criteria
sign = Total Sign
Area
corner triangle or sidewalk
sighte triangle.

Chapter 19.124

49. Update reference in Section 19.124.030 (I) to parking exception approval authority:

I. Tandem, Valet, and Other
Special Parking Arrangements
Tandem, Valet, and other special forms of
parking may be approved per Section

19.124.0650C.

50. Revise language in Section 19.124.040 to clarify intent and applicability of standard:

N. Landscape
Requirements
Applicable to all new centers and centers with a twenty-ﬁve percent or greater increase or decrease in ﬂoor area or a twenty-ﬁve percent or greater change in ﬂoor area resulting from a use permit or architectural and site approval within twelve months shall be required to meet the following
minimum landscape requirements. However, the Planning
Commission and/or City Council may recommend additional landscaping.

Chapter 19.132

51. Update Section 19.132.050 to refer to Conditional Use Permit ﬁndings:

Written ﬁndings regarding the granting or denial of any conditional use permit subject to this chapter shall be made by the Planning Commission in accordance with Chapter 19.156 and shall be based on substantial evidence in light of the entire administrative record.
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CITY OF CUPERTINO
Agenda Item
25-14394 Agenda Date:
10/21/2025 Agenda #:

10. Subject: Receive the Monthly Treasurer's Report for September 2025 Receive the Monthly Treasurer's Report for September 2025 CITY OF CUPERTINO Printed on 10/15/2025Page 1 of 1
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1 CITY COUNCIL STAFF REPORT
Date: October 21, 2025

Subject
Receive the Monthly Treasurer's Report for September 2025

Recommended Action
Receive the Monthly Treasurer's Report for September 2025

Reasons for Recommendation
Background
California Government Code Section 41004 states:

Regularly, at least once each month, the city treasurer shall submit to the city clerk a written report and accounting of all receipts, disbursements, and fund balances.

The city treasurer shall file a copy with the legislative body.

The City's Municipal Code Section 2.24.030 Monthly Reports states:

The Treasurer shall make monthly reports which con form to the requirements of Government Code Section 41004. Said reports shall be delivered to the City Council, the City Manager and made available for review by such other persons who may so request.

The Treasurer's Report (unaudited report and accounting of all receipts, disbursements, and fund balances) is made available to City Council in compliance with the aforementioned requirements . Additionally, the report will be made available to City Council between 21 to 45 days after the reported month.

Cash vs. Accrual Basis Accounting
Cash basis accounting and accrual basis accounting differ in the way revenues and expenses are recognized and recorded, primarily with regard to their timing.

Under cash basis accounting, revenues are recorded when payment is received, and expenses are recorded when payment is made. This method of accounting recognizes 251
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2 transactions only when cash changes hands. In contrast, accrual basis accounting recognizes revenues when they are earned (but not necessarily received) and exp enses when they are incurred (but not necessarily paid). This method of accounting recognizes transactions as they occur, regardless of whether cash has been exchanged.

Receipts, disbursements, and cash balance are measured on a cash basis. The cash balance shows the total cash and investments in the City 's accounts. The ending balance is the beginning balance plus receipts minus disbursements . Journal adjustments generally include transactions recorded in other systems and imported into New World , Council- approved budget adjustments, quarterly Cost Allocation Plan (CAP) charges, and quarterly interest earnings.

Revenues, expenditures, and fund balance are measured on an accrual basis. As a result, the amount in fund balance does not mean the City has that much cash on hand. Instead, fund balance is the difference between assets and liabilities. The ending balance is the beginning balance plus revenues minus expenditures.

Treasurer's Report
The report provides an update on the City's cash and fund balances for September 2025.

The report is as of October 13, 2025.

Note: Beginning balances have been updated to account for any final adjustments made as part of the month -end close that could not be completed before the prior report’s preparation. These adjustments were necessary due to time constraints associated with completing the month-end close process and generating the report.

Receipts, Disbursements, and Cash Balance
The City's General Fund unaudited ending cash and investment balance was $ 186.5 million, decreasing by $8.6 million from the prior month. Receipts were $2.3 million, disbursements were $(11.0) million, and journal adjustments were $84,080 for the month.

The City 's total unaudited ending cash and investment balance was $ 296.8 million, decreasing by $9.8 million from the prior month . Receipts were $ 2.9 million, disbursements were $(12.9) million, and journal adjustments were $314,755 million for the month.

Journal adjustments included the following:
 Parks and Recreation transactions imported from Active Network into New World
 Position Allocation journal correction
 CAP journal
 Worker’s Compensation journals

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3 Unaudited Fund Balance/Net Position
The City's General Fund unaudited ending fund balance was $ 128.2 million, decreasing by $6.3 million from the prior month due to revenues of $2.4 million and expenditures of $8.6 million.

The City's total unaudited ending fund balance was $ 226.7 million, decreasing by $6.0 million from the prior month due to revenues of $ 4.8 million and expenditures of $ 10.7 million.

Sustainability Impact
No sustainability impact.

Fiscal Impact
No fiscal impact.

California Environmental Quality Act
Not applicable.
_____________________________________

Prepared by: __________________
Jonathan Orozco
Finance Manager

Reviewed by: __________________
Kristina Alfaro
Director of Administrative Services

Approved for Submission by: __________________
Tina Kapoor
Interim City Manager

Attachments:

A – Report of City-wide Receipts, Disbursements, and Cash Balances September 2025 B – Report of City‐wide Fund Balances/Net Position September 2025

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September 2025 Report of City‐wide Receipts, Disbursements, and Cash Balances Cash and Investments
Beginning Balance Ending Balance
Fund Type Fund Number/Name as of August 31, 2025 Receipts Disbursements Journal Adjustments as of September 30, 2025 General Fund 100 General Fund 195,059,927 2,346,205 (11,032,733) 84,080 186,457,480 General Fund 130 Investment Fund 0 ‐ ‐ ‐ 0 Special Revenue Funds 210 Storm Drain Improvement 149,393 ‐ ‐ ‐ 149,393 Special Revenue Funds 215 Storm Drain AB1600 2,263,383 7,734 ‐ ‐ 2,271,117 Special Revenue Funds 230 Env Mgmt Cln Crk Strm Drain 921,167 34,633 (97,452) 26,307 884,656 Special Revenue Funds 260 CDBG 578,214 662 (2,552) (468) 575,856 Special Revenue Funds 261 HCD Loan Rehab 231,291 ‐ ‐ ‐ 231,291 Special Revenue Funds 265 BMR Housing 5,032,278 ‐ (18,557) (669) 5,013,052 Special Revenue Funds 270 Transportation Fund 14,816,216 327,927 (436,157) 52,430 14,760,416 Special Revenue Funds 271 Traffic Impact 912,359 ‐ ‐ ‐ 912,359 Special Revenue Funds 280 Park Dedication 20,899,350 ‐ (42,607) ‐ 20,856,743 Special Revenue Funds 281 Tree Fund 71,261 994 ‐ ‐ 72,255 Debt Service Funds 365 Public Facilities Corp 2,676,600 ‐ ‐ ‐ 2,676,600 Capital Project Funds 420 Capital Improvement Fund 35,703,574 3,842 (430,752) ‐ 35,276,664 Capital Project Funds 427 Stevens Creek Corridor Park 157,966 ‐ ‐ ‐ 157,966 Capital Project Funds 429 Capital Reserve* 7,025,482 ‐ ‐ ‐ 7,025,482 Enterprise Funds 520 Resource Recovery 5,215,535 140,397 (154,026) (1,162) 5,200,743 Enterprise Funds 560 Blackberry Farm 988,988 ‐ (51,131) 66,579 1,004,436 Enterprise Funds 570 Sports Center 1,936,005 ‐ (142,301) 92,748 1,886,452 Enterprise Funds 580 Recreation Program 3,291,777 4,996 (72,301) 88,506 3,312,978 Internal Service Funds 610 Innovation & Technology 2,772,141 1,770 (245,084) 4,289 2,533,115 Internal Service Funds 620 Workersʹ Compensation 3,732,012 ‐ (5,511) 141,198 3,867,700 Internal Service Funds 630 Vehicle/Equip Replacement 1,105,792 ‐ (57,623) (2,006) 1,046,164 Internal Service Funds 641 Compensated Absence/LTD 713,265 ‐ 266 (237,078) 476,453 Internal Service Funds 642 Retiree Medical 253,044 ‐ (146,296) ‐ 106,748 Total 306,507,021$ 2,869,159$ (12,934,817)$ 314,755$ 296,756,118$ * For reporting purposes, this fund rolls up/combines with Fund 420 Printed October 13, 2025
For more information on funds, please see cupertino.org/fund‐structure 254
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September 2025 Report of City‐wide Fund Balances/Net Position Beginning Fund Balance Ending Fund Balance
Fund Type Fund Number/Name as of August 31, 2025 Revenues Expenditures as of September 30, 2025 General Fund 100 General Fund 134,428,322 2,359,580 8,636,353 128,151,548 General Fund 130 Investment Fund 229,425 ‐ ‐ 229,425 Special Revenue Funds 210 Storm Drain Improvement 2,123,147 ‐ ‐ 2,123,147 Special Revenue Funds 215 Storm Drain AB1600 1,880,853 7,734 ‐ 1,888,587 Special Revenue Funds 230 Env Mgmt Cln Crk Strm Drain 1,047,658 37 71,181 976,513 Special Revenue Funds 260 CDBG 1,691,614 125 3,020 1,688,719 Special Revenue Funds 261 HCD Loan Rehab 222,016 ‐ ‐ 222,016 Special Revenue Funds 265 BMR Housing 9,564,020 ‐ 19,226 9,544,795 Special Revenue Funds 270 Transportation Fund 10,651,468 1,828,263 399,660 12,080,072 Special Revenue Funds 271 Traffic Impact 770,191 ‐ ‐ 770,191 Special Revenue Funds 280 Park Dedication 18,732,378 ‐ 42,607 18,689,771 Special Revenue Funds 281 Tree Fund 79,400 994 ‐ 80,394 Debt Service Funds 365 Public Facilities Corp 1,750 ‐ ‐ 1,750 Capital Project Funds 420 Capital Improvement Fund 20,588,622 3,842 452,284 20,140,180 Capital Project Funds 427 Stevens Creek Corridor Park 157,343 ‐ ‐ 157,343 Capital Project Funds 429 Capital Reserve* 13,744,638 ‐ ‐ 13,744,638 Enterprise Funds 520 Resource Recovery 4,791,184 140,397 155,189 4,776,392 Enterprise Funds 560 Blackberry Farm 783,097 78,672 52,200 809,569 Enterprise Funds 570 Sports Center 1,886,138 88,753 144,318 1,830,573 Enterprise Funds 580 Recreation Program 2,883,667 128,602 71,111 2,941,158 Internal Service Funds 610 Innovation & Technology 1,527,720 1,770 240,795 1,288,695 Internal Service Funds 620 Workersʹ Compensation 1,984,574 138,382 2,695 2,120,261 Internal Service Funds 630 Vehicle/Equip Replacement 2,296,460 ‐ 59,628 2,236,832 Internal Service Funds 641 Compensated Absence/LTD 696,627 8,421 245,233 459,815 Internal Service Funds 642 Retiree Medical (149,268) ‐ 146,296 (295,564) Total 232,613,044$ 4,785,572$ 10,741,796$ 226,656,821$ * For reporting purposes, this fund rolls up/combines with Fund 420 Printed October 13, 2025
For more information on funds, please see cupertino.org/fund‐structure 255
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CITY OF CUPERTINO
Agenda Item
25-14395 Agenda Date:
10/21/2025 Agenda #:

11. Subject: Receive the Monthly Treasurer's Investment Report for September 2025 Receive the Monthly Treasurer's Investment Report for September 2025 CITY OF CUPERTINO Printed on 10/15/2025Page 1 of 1
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MONTHLY ACCOUNT STATEMENT
City of Cupertino | Account #10659 | As of September 30, 2025 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

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

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality*
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (02/01/19)
City of Cupertino 0.30% 1.30% 4.93% 4.41% 5.88% 4.92% 1.53% -- 2.33% Benchmark Return 0.24% 1.14% 4.57% 3.77% 5.24% 4.46% 1.15% -- 2.06% Average Modified Duration 2.21
Average Coupon 3.10%
Average Purchase YTM 3.32%
Average Market YTM 3.38%
Average Credit Quality* AA+
Average Final Maturity 2.56
Average Life 2.27
End Values as of
08/31/2025
End Values as of
09/30/2025
Market Value 175,642,179.87 204,001,801.31
Accrued Interest 1,135,597.20 1,106,379.00
Total Market Value 176,777,777.07 205,108,180.31
Income Earned 249,961.59 850,946.46
Cont/WD 0.00 27,800,000.00
Par 175,823,549.12 204,299,921.15
Book Value 174,338,413.10 202,688,318.55
Cost Value 173,840,645.62 202,164,869.60
United States 37.43%
FHLMC 10.76%
Farm Credit System 2.59%
International Bank for Recon and Dev 2.39%
UnitedHealth Group Incorporated 1.43%
Toyota Motor Corporation 1.39%
Guardian Life Global Funding 1.33%
The Home Depot, Inc. 1.29%
**Periods over 1 year are annualized.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index *The average credit quality is a weighted average calculation of the highest of S&P , Moody’s and Fitch. 258
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CONFIDENTIAL | 3
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 100.0 10.8 Compliant
Max % Issuer (MV; Agencies & Agency CMOs) 25.0 2.6 Compliant Max Maturity (Years) 5.0 4.6 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV; Non Agency ABS & MBS) 20.0 6.4 Compliant
Max % Issuer (MV) 5.0 0.8 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

BANKERS' ACCEPTANCES
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CERTIFICATE OF DEPOSIT PLACEMENT SERVICE (CDARS)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV; FDIC & Collateralized CD) 30.0 0.0 Compliant Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 25.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 24.3 Compliant
Max % Issuer (MV) 5.0 1.4 Compliant
Max Maturity (Years) 5 5 Not
Compliant Complies on Settlement Date
Min Rating (A- by 1) 0.0 0.0 Compliant
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CONFIDENTIAL | 4
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE CD/
TD)
Max % (MV; FDIC & Collateralized CD) 30.0 0.0 Compliant Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 3.5 Compliant
Max % Issuer (MV; Agencies & Agency CMOs) 25.0 2.6 Compliant Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 2 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.2 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MORTGAGE-BACKED SECURITIES (NON-AGENCY)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 30.0 0.9 Compliant
Max % Issuer (MV) 5.0 0.9 Compliant
Max Maturity (Years) 5 3 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, OTHER STATES)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
260
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CONFIDENTIAL | 5
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant

REPURCHASE AGREEMENTS
Max % (MV) 10.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 1.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 3.6 Compliant
Max % Issuer (MV) 10.0 2.4 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 37.4 Compliant
Max Maturity (Years) 5 4 Compliant
261
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CONFIDENTIAL | 6
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Book Value 174,338,413.10 173,154,444.93
Maturities/Calls 0.00 0.00
Principal Paydowns (277,760.70) (960,045.63)
Purchases 7,947,196.24 13,838,036.45
Sales (5,335,987.07) (9,709,091.41)
Change in Cash, Payables, Receivables 26,001,723.58 26,301,804.11 Amortization/Accretion 36,255.78 102,974.27
Realized Gain (Loss) (21,522.38) (39,804.16)
Ending Book Value 202,688,318.55 202,688,318.55
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 175,642,179.87 173,784,957.99
Maturities/Calls 0.00 0.00
Principal Paydowns (277,760.70) (960,045.63)
Purchases 7,947,196.24 13,838,036.45
Sales (5,335,987.07) (9,709,091.41)
Change in Cash, Payables, Receivables 26,001,723.58 26,301,804.11 Amortization/Accretion 36,255.78 102,974.27
Change in Net Unrealized Gain (Loss) 9,715.99 682,969.70 Realized Gain (Loss) (21,522.38) (39,804.16)
Ending Market Value 204,001,801.31 204,001,801.31
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date 0.00
Principal Paydowns
Month to Date (277,760.70)
Fiscal Year to Date (960,045.63)
Purchases
Month to Date 7,947,196.24
Fiscal Year to Date 13,838,036.45
Sales
Month to Date (5,335,987.07)
Fiscal Year to Date (9,709,091.41)
Interest Received
Month to Date 840,980.56
Fiscal Year to Date 1,708,356.75
Purchased / Sold Interest
Month to Date 2,928.33
Fiscal Year to Date (2,979.86)
262
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CONFIDENTIAL | 7
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
47787JAC2 JDOT 2022 A3 2.32 09/15/2026 11,321.44 03/10/2022

2.34%
11,318.93
11,320.94

99.92 4.46%
11,312.23

11.67 0.01%
(8.71)
Aaa/NA
AAA

0.96 0.04
47800AAC4 JDOT 2022-B A3 3.74
02/16/2027 138,229.02 07/12/2022

3.77%
138,215.82
138,225.17

99.86 4.30%
138,040.49
229.77

0.07%
(184.68)
Aaa/NA
AAA

1.38 0.26
362585AC5 GMCAR 2022-2 A3 3.1
02/16/2027 34,070.08 04/05/2022

3.13%
34,062.96
34,068.20

99.88 4.30%
34,027.96

44.01 0.02%
(40.24)
Aaa/AAA
NA

1.38 0.10
44934FAD7 HALST 2024-B A3 5.41
05/17/2027 610,000.00 05/14/2024

5.41%
609,983.04
609,990.77
100.71

4.26%
614,338.81
1,466.71

0.30%
4,348.04
NA/AAA
AAA

1.63 0.59
47800BAC2 JDOT 2022-C A3 5.09
06/15/2027 335,295.97 10/12/2022

5.15%
335,269.95
335,286.57
100.33

4.32%
336,408.01
758.51

0.16%
1,121.44
Aaa/NA
AAA

1.71 0.40
89231FAD2 TAOT 2023-C A3 5.16
04/17/2028 1,033,485.85 11/21/2023

5.65%
1,029,287.31
1,031,057.18
100.64

4.18%
1,040,049.73
2,370.13

0.51%
8,992.54
NA/AAA
AAA

2.55 0.61
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 704,600.12 --

5.64%
706,344.26
705,486.61
101.18

4.06%
712,936.59
1,109.75

0.35%
7,449.98
Aaa/NA
AAA

2.73 0.69
58769FAC9 MBART 2023-2 A3 5.95
11/15/2028 915,551.72 11/29/2023

3.88%
934,935.67
926,018.94
101.50

3.93%
929,293.51
2,421.13

0.46%
3,274.57
NA/AAA
AAA

3.13 0.72
05522RDH8 BACCT 2023-2 A 4.98
11/16/2026 850,000.00 01/24/2024

4.58%
858,798.83
853,527.89
101.23

3.89%
860,430.18
1,881.33

0.42%
6,902.29
Aaa/NA
AAA

1.13 1.07
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 500,000.00 03/25/2024

5.13%
499,765.63
499,842.14
101.09

4.09%
505,436.15
1,102.22

0.25%
5,594.01
Aaa/NA
AAA

3.13 1.17
437930AC4 HAROT 2024-2 A3 5.27
11/20/2028 535,000.00 05/14/2024

5.27%
534,935.00
534,954.69
101.36

3.89%
542,272.47
1,018.13

0.27%
7,317.78
NA/AAA
AAA

3.14 0.94
36268GAD7 GMCAR 2024-1 A3 4.85
12/18/2028 1,310,000.00 --

4.97%
1,307,922.66
1,308,566.19
100.63

4.04%
1,318,267.28
2,647.29

0.65%
9,701.09
Aaa/NA
AAA

3.22 0.73
161571HV9 CHAIT 241 A 4.6 01/16/2029 1,690,000.00 01/24/2024

4.61%
1,689,742.61
1,689,829.12
100.95

3.88%
1,706,001.09
3,455.11

0.84%
16,171.97
NA/AAA
AAA

3.30 1.23
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 695,000.00 06/04/2024

5.18%
694,894.43
694,923.69
101.18

3.92%
703,192.66
600.02

0.34%
8,268.97
Aaa/AAA
NA

3.41 0.89
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029 785,000.00 06/06/2024

4.93%
784,955.96
784,967.72
101.69

3.88%
798,305.67
1,720.02

0.39%
13,337.95
Aaa/AAA
NA

3.62 1.53
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030 1,420,000.00 05/06/2025

4.28%
1,419,974.30
1,419,976.32
100.96

3.92%
1,433,565.26
2,701.16

0.70%
13,588.94
NA/AAA
AAA

4.54 2.36
92970QAJ4 WFCIT 2025-1 A 4.34
05/15/2030 1,365,000.00 06/03/2025

4.33%
1,364,977.34
1,364,978.76
101.07

3.94%
1,379,588.30
2,632.93

0.68%
14,609.54
NA/AAA
AAA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total ABS 12,932,554.19 4.80%
12,955,384.70
12,943,020.90
101.01

3.99%
13,063,466.38
26,169.89

6.40%
120,445.49

3.18 1.22
AGENCY
3130B0TY5 FEDERAL HOME LOAN BANKS

4.75 04/09/2027 1,875,000.00 04/10/2024

4.85%
1,870,050.00
1,872,486.51
101.62

3.65%
1,905,355.59
42,552.08

0.93%
32,869.09
Aa1/AA+
AA+

1.52 1.43
3133ERDS7 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 05/06/2027 2,400,000.00 06/20/2024

4.55%
2,412,552.00
2,406,964.03
101.64

3.68%
2,439,262.13
45,916.67

1.20%
32,298.10
Aa1/AA+
AA+

1.60 1.50
3133EPC60

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.625
11/15/2027
2,800,000.00 11/09/2023

4.73%
2,789,612.00
2,794,489.60
101.87

3.70%
2,852,380.27
48,922.22

1.40%
57,890.68
Aa1/AA+
AA+

2.13 1.98
Total Agency 7,075,000.00 4.70%
7,072,214.00
7,073,940.13
101.72

3.68%
7,196,997.99
137,390.97

3.53%
123,057.87

1.79 1.67

AGENCY CMBS
3137BSP72 FHMS K-058 A2 2.653
08/25/2026 650,000.00 11/12/2021

1.36%
687,451.17
656,626.98

98.82 3.87%
642,340.27
1,437.04

0.31%
(14,286.71)
Aa1/AA+
AAA

0.90 0.84
3137FBBX3 FHMS K-068 A2 3.244
08/25/2027 1,000,000.00 09/28/2022

4.36%
950,664.06
981,278.65

98.83 3.82%
988,277.20
2,703.33

0.48%
6,998.55
Aaa/AA+
AA+

1.90 1.75
3137FKUP9 FHMS K-087 A2 3.771
12/25/2028 2,000,000.00 07/01/2024

4.86%
1,913,359.38
1,937,737.14

99.53 3.88%
1,990,610.80
6,285.00

0.98%
52,873.66
Aa1/AAA
AA+

3.24 2.83
3137FL6P4 FHMS K-089 A2 3.563
01/25/2029 1,288,000.00 07/03/2024

4.70%
1,228,178.44
1,244,586.43

98.84 3.90%
1,273,028.29
3,824.29

0.62%
28,441.86
Aa1/AA+
AA+

3.32 3.04
3137H5YC5 FHMS K-748 A2 2.26 01/25/2029 2,000,000.00 07/03/2024

4.74%
1,801,718.75
1,856,103.77

94.85 3.94%
1,896,993.00
3,766.67

0.93%
40,889.23
Aa1/AA+
AAA

3.32 3.06
3137FKZZ2 FHMS K-088 A2 3.69 01/25/2029 2,550,000.00 07/17/2024

4.50%
2,465,830.08
2,488,427.42

99.29 3.87%
2,531,946.26
7,841.25

1.24%
43,518.83
Aaa/AA+
AA+

3.32 3.00
3137FLN91 FHMS K-091 A2 3.505
03/25/2029 2,500,000.00 03/20/2025

4.25%
2,431,738.28
2,440,763.84

98.62 3.90%
2,465,436.25
7,302.08

1.21%
24,672.41
Aa1/AAA
AA+

3.48 3.12
3137FMCR1 FHMS K-093 A2 2.982
05/25/2029 1,978,803.56 09/19/2024

3.82%
1,909,081.65
1,924,520.08

96.96 3.90%
1,918,668.51
4,917.33

0.94%
(5,851.56)
Aa1/AA+
AAA

3.65 3.19
3137FNAE0 FHMS K-095 A2 2.785
06/25/2029 2,200,000.00 07/17/2024

4.47%
2,039,382.82
2,079,108.26

96.08 3.93%
2,113,763.52
5,105.83

1.04%
34,655.26
Aa1/AA+
AAA

3.73 3.38
3137FPHK4 FHMS K-098 A2 2.425
08/25/2029 1,600,000.00 09/03/2024

4.00%
1,488,375.00
1,512,695.53

94.65 3.93%
1,514,448.48
3,233.33

0.74%
1,752.95
Aa1/AA+
AAA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3137FPJG1 FHMS K-099 A2 2.595
09/25/2029 1,500,000.00 06/05/2025

4.21%
1,407,011.72
1,413,817.21

95.07 3.95%
1,426,036.35
3,243.75

0.70%
12,219.14
Aa1/AA+
AAA

3.99 3.62
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030 2,000,000.00 06/06/2025

4.37%
1,810,078.13
1,822,853.66

92.45 3.99%
1,849,057.40
3,448.33

0.91%
26,203.74
Aa1/AA+
AAA

4.32 4.02
3137FTZQ3 FHMS K-110 A2 1.477
04/25/2030 1,500,000.00 09/03/2025

3.96%
1,348,652.34
1,350,741.77

89.88 3.99%
1,348,220.40
1,846.25

0.66%
(2,521.37)
Aa1/AA+
AAA

4.57 4.18
Total Agency CMBS 22,766,803.56 4.28%
21,481,521.82
21,709,260.74

96.53 3.92%
21,958,826.72
54,954.49

10.76%
249,565.98

3.51 3.18
CASH
CCYUSD Cash 27,800,000.00 --

0.00%
27,800,000.00
27,800,000.00

1.00 0.00%
27,800,000.00

0.00 13.63%

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Payable (1,500,000.00) -- (1,500,000.00)
(1,500,000.00)

1.00 0.00%
(1,500,000.00)

0.00 (0.74%)

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 1,934.43 -- 1,934.43
1,934.43

1.00 0.00%
1,934.43

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 26,301,934.43 0.00%
26,301,934.43
26,301,934.43

1.00 0.00%
26,301,934.43

0.00 12.89%

0.00 0.00

0.00 CORPORATE
023135BX3 AMAZON.COM INC 1.0
05/12/2026 1,875,000.00 05/10/2021

1.09%
1,866,900.00
1,874,010.79

98.24 3.93%
1,841,971.03
7,239.58

0.90%
(32,039.76)
A1/AA
AA-

0.61 0.60
91324PEC2 UNITEDHEALTH GROUP INC 1.15
05/15/2026 1,035,000.00 --

1.37%
1,025,051.35
1,033,587.04

98.20 4.11%
1,016,375.40
4,496.50

0.50%
(17,211.64)
A2/A+
A

0.62 0.61
89236TJK2 TOYOTA MOTOR CREDIT CORP

1.125 06/18/2026 1,385,000.00 06/15/2021

1.13%
1,384,390.60
1,384,913.23

97.99 4.01%
1,357,121.97
4,457.97

0.67%
(27,791.26)
A1/A+
A+

0.71 0.70
57629WDE7 MASSMUTUAL GLOBAL
FUNDING II 1.2 07/16/2026 1,000,000.00 08/19/2021

1.15%
1,002,230.00
1,000,359.20

97.78 4.07%
977,846.15
2,500.00

0.48%
(22,513.05)
Aa3/AA+
AA+

0.79 0.77
58989V2D5 MET TOWER GLOBAL FUNDING

1.25 09/14/2026 770,000.00 09/07/2021

1.27%
769,291.60
769,864.99

97.50 3.95%
750,737.36
454.51

0.37%
(19,127.63)
Aa3/AA-
AA-

0.96 0.93
931142ER0 WALMART INC 1.05 09/17/2026 350,000.00 09/08/2021

1.09%
349,338.50
349,872.84

97.46 3.76%
341,116.15
142.92

0.17%
(8,756.69)
Aa2/AA
AA

0.96 0.94
59217GER6 METROPOLITAN LIFE GLOBAL
FUNDING I 1.875 01/11/2027 1,115,000.00 01/03/2022

1.90%
1,113,728.90
1,114,674.92

97.37 4.01%
1,085,643.68
4,645.83

0.53%
(29,031.24)
Aa3/AA-
AA-

1.28 1.24
808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027 960,000.00 03/01/2022

2.46%
959,729.90
959,919.77

97.84 4.03%
939,235.16
1,829.33

0.46%
(20,684.60)
A2/A-
A

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
084664CZ2 BERKSHIRE HATHAWAY FINANCE
CORP 2.3 03/15/2027 1,615,000.00 03/07/2022

2.30%
1,614,693.15
1,614,910.94

97.92 3.78%
1,581,386.91
1,650.89

0.78%
(33,524.03)
Aa2/AA
A+

1.45 1.41
14913UAL4 CATERPILLAR FINANCIAL
SERVICES CORP 5.0 05/14/2027 1,000,000.00 05/10/2024

5.04%
998,930.00
999,422.94
101.74

3.88%
1,017,352.43
19,027.78

0.50%
17,929.49
A2/A
A+

1.62 1.52
24422EXZ7 JOHN DEERE CAPITAL CORP 4.65
01/07/2028 1,430,000.00 01/06/2025

4.66%
1,429,571.00
1,429,675.01
101.63

3.89%
1,453,368.49
15,515.50

0.71%
23,693.48
A1/A
A+

2.27 2.12
57636QAW4 MASTERCARD INC 4.875
03/09/2028 945,000.00 03/06/2023

4.90%
944,083.35
944,553.47
102.31

3.87%
966,788.09
2,815.31

0.47%
22,234.62
Aa3/A+
NA

2.44 2.21
61690U8E3 MORGAN STANLEY BANK NA

4.968 07/14/2028 1,950,000.00 07/17/2024

4.97%
1,950,000.00
1,950,000.00
101.48

4.44%
1,978,827.47
20,720.70

0.97%
28,827.47
Aa3/A+
AA-

2.79 1.68
74340XBL4 PROLOGIS LP 4.375 02/01/2029 1,500,000.00 07/18/2024

4.68%
1,481,235.00
1,486,203.54
101.01

4.05%
1,515,215.97
10,937.50

0.74%
29,012.43
A2/A
NA

3.34 2.84
78016HZV5 ROYAL BANK OF CANADA 4.95
02/01/2029 2,000,000.00 10/31/2024

4.69%
2,019,920.00
2,015,635.85
102.77

4.05%
2,055,363.44
16,500.00

1.01%
39,727.59
A1/A
AA-

3.34 3.03
743315AV5 PROGRESSIVE CORP 4.0
03/01/2029 1,500,000.00 07/16/2024

4.72%
1,455,495.00
1,467,122.19
100.01

4.00%
1,500,192.24
5,000.00

0.74%
33,070.05
A2/A
A

3.42 3.15
64952WFG3 NEW YORK LIFE GLOBAL
FUNDING 5.0 06/06/2029 1,000,000.00 07/01/2024

5.12%
994,880.00
996,177.07
102.84

4.16%
1,028,377.03
15,972.22

0.50%
32,199.96
Aa1/AA+
AAA

3.68 3.29
437076BY7 HOME DEPOT INC 2.95
06/15/2029 1,663,000.00 09/17/2024

3.93%
1,593,203.89
1,608,445.33

96.46 3.99%
1,604,108.53
14,445.00

0.79%
(4,336.80)
A2/A
A

3.71 3.43
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,000,000.00 07/01/2024

4.93%
992,260.00
994,200.32
102.41

4.05%
1,024,063.81
12,666.67

0.50%
29,863.49
A2/A
A

3.73 3.29
756109CB8 REALTY INCOME CORP 4.0
07/15/2029 1,463,000.00 08/08/2024

4.69%
1,419,212.41
1,429,375.22

99.37 4.18%
1,453,754.59
12,354.22

0.71%
24,379.37
A3/A-
NA

3.79 3.45
713448FX1 PEPSICO INC 4.5 07/17/2029 1,500,000.00 07/15/2024

4.53%
1,497,675.00
1,498,236.51
101.78

3.99%
1,526,659.29
13,875.00

0.75%
28,422.78
A1/A+
NA

3.79 3.36
46647PAV8 JPMORGAN CHASE & CO 4.203
07/23/2029 1,500,000.00 09/17/2024

4.27%
1,496,610.00
1,497,522.69
100.19

4.47%
1,502,901.09
11,908.50

0.74%
5,378.40
A1/A
AA-

3.81 2.61
06051GHM4 BANK OF AMERICA CORP 4.271
07/23/2029 1,500,000.00 09/17/2024

4.29%
1,498,710.00
1,499,057.31
100.35

4.49%
1,505,190.86
12,101.17

0.74%
6,133.55
A1/A-
AA-

3.81 2.61
30303M8S4 META PLATFORMS INC 4.3
08/15/2029 912,000.00 08/12/2024

4.33%
910,584.09
910,903.56
101.27

3.94%
923,598.01
5,010.93

0.45%
12,694.45
Aa3/AA-
NA

3.87 3.45
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 1,750,000.00 --

4.44%
1,765,746.34
1,762,426.46
101.97

4.09%
1,784,421.36
10,397.92

0.87%
21,994.90
A2/A
A

3.87 3.43
91324PDS8 UNITEDHEALTH GROUP INC

2.875 08/15/2029 2,000,000.00 09/17/2024

3.94%
1,906,080.00
1,925,891.25

95.41 4.17%
1,908,253.10
7,347.22

0.94%
(17,638.15)
A2/A+
A

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
02665WFQ9 AMERICAN HONDA FINANCE
CORP 4.4 09/05/2029 1,750,000.00 10/02/2024

4.29%
1,758,102.50
1,756,466.68
100.52

4.25%
1,759,181.67
5,561.11

0.86%
2,714.99
A3/A-
NA

3.93 3.56
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029 1,205,000.00 09/23/2024

4.18%
1,205,000.00
1,205,000.00

99.95 4.19%
1,204,411.91
699.40

0.59%
(588.09)
Aa1/AA+
NA

3.99 3.63
14913UAU4 CATERPILLAR FINANCIAL
SERVICES CORP 4.7 11/15/2029 1,200,000.00 11/14/2024

4.74%
1,198,092.00
1,198,426.37
102.43

4.05%
1,229,120.40
21,306.67

0.60%
30,694.03
A2/A
A+

4.13 3.66
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029 1,365,000.00 12/02/2024

4.61%
1,364,221.95
1,364,349.78
101.57

4.19%
1,386,376.24
20,232.33

0.68%
22,026.46
Aa1/AA+
AAA

4.18 3.72
89236TNA9 TOYOTA MOTOR CREDIT CORP

4.95 01/09/2030 1,445,000.00 01/06/2025

5.00%
1,441,907.70
1,442,356.47
103.01

4.17%
1,488,490.73
16,292.38

0.73%
46,134.26
A1/A+
A+

4.28 3.79
63743HFX5

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

4.95 02/07/2030
1,000,000.00 02/05/2025

4.88%
1,002,873.61
1,002,495.80
103.01

4.19%
1,030,082.76
7,425.00

0.50%
27,586.96
A2/NA
A

4.36 3.80
571748CA8

MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030
1,400,000.00 03/11/2025

4.69%
1,397,340.00
1,397,628.75
101.62

4.25%
1,422,736.50
2,893.33

0.70%
25,107.75
A3/A-
A-

4.45 3.92
57629TBX4 MASSMUTUAL GLOBAL
FUNDING II 4.55 05/07/2030 1,000,000.00 05/01/2025

4.58%
998,670.00
998,777.07
100.97

4.31%
1,009,734.11
18,200.00

0.49%
10,957.04
Aa3/AA+
AA+

4.60 4.04
66815L2W8

NORTHWESTERN MUTUAL
GLOBAL FUNDING 4.6
06/03/2030
1,000,000.00 06/12/2025

4.51%
1,004,040.00
1,003,795.29
101.53

4.23%
1,015,312.75
15,077.78

0.50%
11,517.46
Aa1/AA+
AAA

4.67 4.11
828807DK0 SIMON PROPERTY GROUP LP

2.65 07/15/2030 2,000,000.00 08/19/2025

4.32%
1,853,380.00
1,856,820.25

93.13 4.25%
1,862,533.72
11,188.89

0.91%
5,713.47
A3/A
NA

4.79 4.40
40139LBN2 GUARDIAN LIFE GLOBAL
FUNDING 4.327 10/06/2030 1,500,000.00 09/30/2025

4.33%
1,500,000.00
1,500,000.00
100.00

4.33%
1,500,000.00

0.00 0.74%

0.00 NA/NA
NA

5.02 4.45
Total Corporate 49,583,000.00 3.96%
49,163,177.84
49,243,078.88

99.99 4.12%
49,547,850.42
352,890.07

24.29%
304,771.53

3.21 2.82

MONEY MARKET
FUND
992995944 WC MMF SWEEP 52,499.43 --

2.10%
52,499.43
52,499.43

1.00 2.10%
52,499.43

0.00 0.03%

0.00 NA/NA
NA

0.00 0.00
VP4520004 WF ADV 100% TREAS MM FD-
SVC CL #008 438,129.54 --

3.69%
438,129.54
438,129.54

1.00 3.69%
438,129.54

0.00 0.21%

0.00 Aaa/
AAAm
NA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Money
Market Fund 490,628.97 3.52%
490,628.97
490,628.97

1.00 3.52%
490,628.97

0.00 0.24%

0.00 0.00

0.00 MUNICIPAL
BONDS
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029 1,740,000.00 10/30/2024

4.38%
1,749,169.80
1,747,420.65
102.61

3.76%
1,785,448.80
13,050.00

0.88%
38,028.15
Aa2/AA-
AA

3.84 3.48
Total Municipal
Bonds 1,740,000.00 4.38%
1,749,169.80
1,747,420.65
102.61

3.76%
1,785,448.80
13,050.00

0.88%
38,028.15

3.84 3.48

SUPRANATIONAL
459058JL8

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 0.5 10/28/2025
1,400,000.00 --

0.60%
1,393,501.23
1,399,897.80

99.72 4.24%
1,396,079.68
2,975.00

0.68%
(3,818.12)
Aaa/AAA
NA

0.08 0.07
4581X0DV7

INTER-AMERICAN
DEVELOPMENT BANK 0.875
04/20/2026
2,460,000.00 04/13/2021

0.97%
2,448,733.20
2,458,759.79

98.33 3.95%
2,419,007.13
9,626.46

1.19%
(39,752.66)
Aaa/AAA
NA

0.55 0.54
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
1,750,000.00 12/12/2024

4.25%
1,721,510.00
1,726,215.36
100.53

3.73%
1,759,210.15
31,080.00

0.86%
32,994.78
Aaa/AAA
NA

4.04 3.65
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
1,700,000.00 03/14/2025

4.20%
1,694,220.00
1,694,837.25
101.48

3.76%
1,725,172.09
2,142.71

0.85%
30,334.84
Aaa/AAA
NA

4.47 4.05
Total
Supranational 7,310,000.00 2.45%
7,257,964.43
7,279,710.20

99.87 3.91%
7,299,469.04
45,824.17

3.58%
19,758.84

2.23 2.03

US TREASURY
91282CAT8 UNITED STATES TREASURY 0.25
10/31/2025 1,950,000.00 --

0.49%
1,928,106.03
1,949,623.51

99.68 4.14%
1,943,837.12
2,040.08

0.95%
(5,786.39)
Aa1/AA+
AA+

0.08 0.08
91282CAZ4 UNITED STATES TREASURY 0.375
11/30/2025 2,250,000.00 03/26/2021

0.76%
2,209,658.20
2,248,582.01

99.39 4.11%
2,236,289.06
2,835.55

1.10%
(12,292.95)
Aa1/AA+
AA+

0.17 0.16
91282CBH3 UNITED STATES TREASURY 0.375
01/31/2026 2,500,000.00 05/27/2021

0.75%
2,456,445.31
2,496,890.77

98.81 4.01%
2,470,244.15
1,579.48

1.21%
(26,646.62)
Aa1/AA+
AA+

0.34 0.33
91282CBW0 UNITED STATES TREASURY 0.75
04/30/2026 2,500,000.00 05/27/2021

0.80%
2,493,652.34
2,499,255.08

98.25 3.82%
2,456,210.93
7,846.47

1.20%
(43,044.16)
Aa1/AA+
AA+

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CCZ2 UNITED STATES TREASURY 0.875
09/30/2026 1,400,000.00 10/18/2021

1.19%
1,379,054.68
1,395,780.80

97.24 3.72%
1,361,314.07

33.65 0.67%
(34,466.73)
Aa1/AA+
AA+

1.00 0.98
91282CDG3 UNITED STATES TREASURY 1.125
10/31/2026 1,400,000.00 11/15/2021

1.25%
1,391,468.75
1,398,137.18

97.27 3.72%
1,361,773.43
6,591.03

0.67%
(36,363.74)
Aa1/AA+
AA+

1.08 1.05
91282CJP7 UNITED STATES TREASURY 4.375
12/15/2026 2,500,000.00 12/28/2023

4.01%
2,525,097.66
2,510,206.07
100.78

3.70%
2,519,531.25
32,274.59

1.24%
9,325.18
Aa1/AA+
AA+

1.21 1.15
91282CKJ9 UNITED STATES TREASURY 4.5
04/15/2027 2,300,000.00 04/17/2024

4.77%
2,283,109.38
2,291,322.68
101.23

3.67%
2,328,390.63
47,790.98

1.14%
37,067.95
Aa1/AA+
AA+

1.54 1.45
91282CKR1 UNITED STATES TREASURY 4.5
05/15/2027 3,200,000.00 05/08/2024

4.65%
3,186,500.00
3,192,713.70
101.30

3.66%
3,241,750.02
54,391.30

1.59%
49,036.32
Aa1/AA+
AA+

1.62 1.53
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 3,250,000.00 --

3.18%
3,260,312.50
3,253,505.79

99.35 3.63%
3,228,925.77
26,693.27

1.58%
(24,580.03)
Aa1/AA+
AA+

1.75 1.67
91282CFB2 UNITED STATES TREASURY 2.75
07/31/2027 400,000.00 08/22/2022

3.12%
393,218.75
397,487.59

98.44 3.64%
393,750.00
1,853.26

0.19%
(3,737.59)
Aa1/AA+
AA+

1.83 1.76
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 4,500,000.00 --

3.28%
4,468,902.34
4,488,032.34

99.07 3.63%
4,458,339.86
12,042.47

2.19%
(29,692.49)
Aa1/AA+
AA+

1.92 1.84
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 3,450,000.00 --

4.31%
3,421,152.34
3,438,295.45
100.96

3.62%
3,483,287.12
390.97

1.71%
44,991.67
Aa1/AA+
AA+

2.00 1.90
91282CFZ9 UNITED STATES TREASURY 3.875
11/30/2027 850,000.00 12/05/2022

3.81%
852,656.25
851,152.99
100.53

3.62%
854,482.42
11,069.16

0.42%
3,329.44
Aa1/AA+
AA+

2.17 2.03
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 2,750,000.00 --

3.67%
2,775,107.42
2,761,464.55
100.55

3.62%
2,765,146.48
26,930.20

1.36%
3,681.93
Aa1/AA+
AA+

2.25 2.12
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028 3,000,000.00 02/07/2023

3.81%
2,957,929.69
2,980,283.88

99.73 3.62%
2,992,031.25
17,690.22

1.47%
11,747.37
Aa1/AA+
AA+

2.34 2.21
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 3,700,000.00 --

4.01%
3,699,113.28
3,699,636.39
100.88

3.61%
3,732,664.04
12,674.03

1.83%
33,027.66
Aa1/AA+
AA+

2.42 2.28
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,300,000.00 04/17/2024

4.62%
2,249,867.19
2,264,590.93
101.52

3.66%
2,335,039.07
260.65

1.14%
70,448.14
Aa1/AA+
AA+

3.50 3.23
91282CKX8 UNITED STATES TREASURY 4.25
06/30/2029 2,000,000.00 07/01/2024

4.41%
1,985,546.88
1,989,160.16
101.99

3.68%
2,039,765.62
21,480.98

1.00%
50,605.46
Aa1/AA+
AA+

3.75 3.41
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 3,500,000.00 09/11/2024

3.45%
3,527,480.47
3,521,675.16

99.76 3.69%
3,491,523.42
10,864.99

1.71%
(30,151.74)
Aa1/AA+
AA+

3.92 3.61
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 5,000,000.00 --

3.83%
4,925,039.06
4,939,651.87

99.29 3.69%
4,964,648.45
480.77

2.43%
24,996.58
Aa1/AA+
AA+

4.00 3.70
91282CLR0 UNITED STATES TREASURY 4.125
10/31/2029 3,000,000.00 10/31/2024

4.17%
2,993,789.06
2,994,925.75
101.59

3.70%
3,047,695.32
51,786.68

1.49%
52,769.57
Aa1/AA+
AA+

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CMD0 UNITED STATES TREASURY 4.375
12/31/2029 4,400,000.00 --

4.53%
4,369,171.88
4,373,575.74
102.59

3.71%
4,513,781.27
48,648.10

2.21%
140,205.53
Aa1/AA+
AA+

4.25 3.82
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 4,000,000.00 02/07/2025

4.34%
3,983,906.25
3,985,971.14
102.12

3.72%
4,084,687.52
28,641.30

2.00%
98,716.38
Aa1/AA+
AA+

4.34 3.91
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 4,500,000.00 --

4.01%
4,496,958.99
4,497,249.54
101.16

3.71%
4,552,207.02
15,414.36

2.23%
54,957.48
Aa1/AA+
AA+

4.41 4.01
91282CNK3 UNITED STATES TREASURY 3.875
06/30/2030 2,500,000.00 07/09/2025

3.95%
2,491,406.25
2,491,799.03
100.61

3.73%
2,515,332.03
24,482.00

1.23%
23,533.00
Aa1/AA+
AA+

4.75 4.26
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 3,000,000.00 --

3.71%
2,988,222.66
2,988,353.55

99.48 3.74%
2,984,531.25
9,312.85

1.46%
(3,822.30)
Aa1/AA+
AA+

4.92 4.45
Total US Treasury 76,100,000.00 3.51%
75,692,873.61
75,899,323.65
100.35

3.72%
76,357,178.56
476,099.41

37.43%
457,854.91

2.74 2.52
Total Portfolio 204,299,921.15 3.32%
202,164,869.60
202,688,318.55

86.90 3.38%
204,001,801.31
1,106,379.00
100.00%
1,313,482.76

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

ACQUISITIONS
Purchase 09/02/2025 VP4520004 330,210.85 WF ADV 100% TREAS MM FD-SVC CL #008 1.000 0.01% (330,210.85) 0.00 (330,210.85) 0.00 Purchase 09/03/2025 VP4520004 11,760.00 WF ADV 100% TREAS MM FD-SVC CL #008 1.000 0.01% (11,760.00) 0.00 (11,760.00) 0.00 Purchase 09/04/2025 91282CNX5 2,500,000.00 UNITED STATES TREASURY

3.625 08/31/2030 99.656 3.70% (2,491,406.25) (1,001.38) (2,492,407.63) 0.00 Purchase 09/04/2025 VP4520004 991,479.87 WF ADV 100% TREAS MM FD-SVC CL #008 1.000 0.01% (991,479.87) 0.00 (991,479.87) 0.00 Purchase 09/05/2025 VP4520004 38,500.00 WF ADV 100% TREAS MM FD-SVC CL #008 1.000 0.01% (38,500.00) 0.00 (38,500.00) 0.00 Purchase 09/08/2025 3137FTZQ3 1,500,000.00 FHMS K-110 A2 1.477 04/25/2030 89.910 3.96% (1,348,652.34) (430.79) (1,349,083.13) 0.00 Purchase 09/09/2025 992995944 100.11 WC MMF SWEEP 1.000 2.85% (100.11) 0.00 (100.11) 0.00 Purchase 09/09/2025 VP4520004 23,034.38 WF ADV 100% TREAS MM FD-SVC CL #008 1.000 0.01% (23,034.38) 0.00 (23,034.38) 0.00 Purchase 09/15/2025 VP4520004 76,297.21 WF ADV 100% TREAS MM FD-SVC CL #008 1.000 0.01% (76,297.21) 0.00 (76,297.21) 0.00 Purchase 09/15/2025 VP4520004 62,928.70 WF ADV 100% TREAS MM FD-SVC CL #008 1.000 0.01% (62,928.70) 0.00 (62,928.70)

0.00 Purchase 09/16/2025 VP4520004 176,274.87 WF ADV 100% TREAS MM FD-SVC CL #008 1.000 0.01% (176,274.87) 0.00 (176,274.87) 0.00 Purchase 09/17/2025 VP4520004 1,837.50 WF ADV 100% TREAS MM FD-SVC CL #008 1.000 0.01% (1,837.50) 0.00 (1,837.50) 0.00 Purchase 09/18/2025 VP4520004 2,349.54 WF ADV 100% TREAS MM FD-SVC CL #008 1.000 0.01% (2,349.54) 0.00 (2,349.54) 0.00 Purchase 09/22/2025 VP4520004 88,448.38 WF ADV 100% TREAS MM FD-SVC CL #008 1.000 0.01% (88,448.38) 0.00 (88,448.38) 0.00 Purchase 09/23/2025 VP4520004 8.50 WF ADV 100% TREAS MM FD-SVC CL #008 1.000 0.01% (8.50) 0.00 (8.50) 0.00
Purchase 09/25/2025 VP4520004 69,694.10 WF ADV 100% TREAS MM FD-SVC CL #008 1.000 0.01% (69,694.10) 0.00 (69,694.10) 0.00 271
CC 10-21-2025
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CONFIDENTIAL | 16
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Purchase 09/26/2025 VP4520004 25,178.48 WF ADV 100% TREAS MM FD-SVC CL #008 1.000 0.01% (25,178.48) 0.00 (25,178.48) 0.00 Purchase 09/29/2025 91282CNX5 500,000.00 UNITED STATES TREASURY

3.625 08/31/2030 99.363 3.77% (496,816.41) (1,452.00) (498,268.41) 0.00 Purchase 09/30/2025 VP4520004 212,218.75 WF ADV 100% TREAS MM FD-SVC CL #008 1.000 3.69% (212,218.75) 0.00 (212,218.75) 0.00 Total Purchase 6,610,321.24 (6,447,196.24) (2,884.17) (6,450,080.41) 0.00 TOTAL
ACQUISITIONS 6,610,321.24 (6,447,196.24) (2,884.17) (6,450,080.41) 0.00

DISPOSITIONS
Sale 09/04/2025 459058JL8 (1,000,000.00)

INTERNATIONAL BANK

FOR RECONSTRUCTION
AND DEVELOPM 0.5
10/28/2025

99.445 0.60% 994,450.00 (1,750.00) 996,200.00 (5,403.99) Sale 09/04/2025 3135G06G3 (2,000,000.00)

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.5 11/07/2025

99.345 0.56% 1,986,900.00 (3,250.00) 1,990,150.00 (12,894.69) Sale 09/04/2025 3135G06G3 (500,000.00)

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.5 11/07/2025

99.345 0.56% 496,725.00 (812.50) 497,537.50 (3,223.67)
Sale 09/08/2025 VP4520004 (1,349,083.13) WF ADV 100% TREAS MM FD-SVC CL #008 1.000 0.01% 1,349,083.13 0.00 1,349,083.13 0.00 Sale 09/08/2025 VP4520004 (10,460.42) WF ADV 100% TREAS MM FD-SVC CL #008 1.000 0.01% 10,460.42 0.00 10,460.42 0.00 Sale 09/09/2025 VP4520004 (100.11) WF ADV 100% TREAS MM FD-SVC CL #008 1.000 0.01% 100.11 0.00 100.11 0.00
Sale 09/29/2025 VP4520004 (498,268.41) WF ADV 100% TREAS MM FD-SVC CL #008 1.000 0.01% 498,268.41 0.00 498,268.41 0.00 Total Sale (5,357,912.07) 5,335,987.07 (5,812.50) 5,341,799.57 (21,522.36) TOTAL
DISPOSITIONS (5,357,912.07) 5,335,987.07 (5,812.50) 5,341,799.57 (21,522.36) 272
CC 10-21-2025
272 of 454
CONFIDENTIAL | 17
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

TRANSACTIONS
Cash Transfer 09/30/2025 CCYUSD 27,800,000.00 Cash 0.00% 27,800,000.00 0.00 27,800,000.00 0.00 Total Cash
Transfer 27,800,000.00 27,800,000.00 0.00 27,800,000.00 0.00 Coupon 09/01/2025 3137FKUP9 0.00 FHMS K-087 A2 3.771
12/25/2028 4.86% 6,285.00 0.00 6,285.00 0.00
Coupon 09/01/2025 3137H5YC5 0.00 FHMS K-748 A2 2.26
01/25/2029 4.74% 3,766.67 0.00 3,766.67 0.00
Coupon 09/01/2025 743315AV5 0.00 PROGRESSIVE CORP 4.0
03/01/2029 4.72% 30,000.00 0.00 30,000.00 0.00
Coupon 09/01/2025 3137FL6P4 0.00 FHMS K-089 A2 3.563
01/25/2029 4.70% 3,824.29 0.00 3,824.29 0.00
Coupon 09/01/2025 3137FKZZ2 0.00 FHMS K-088 A2 3.69
01/25/2029 4.50% 7,841.25 0.00 7,841.25 0.00
Coupon 09/01/2025 3137FNAE0 0.00 FHMS K-095 A2 2.785
06/25/2029 4.47% 5,105.83 0.00 5,105.83 0.00
Coupon 09/01/2025 3137FRUT6 0.00 FHMS K-106 A2 2.069
01/25/2030 4.37% 3,448.33 0.00 3,448.33 0.00
Coupon 09/01/2025 3137FBBX3 0.00 FHMS K-068 A2 3.244
08/25/2027 4.36% 2,703.33 0.00 2,703.33 0.00
Coupon 09/01/2025 3137FLN91 0.00 FHMS K-091 A2 3.505
03/25/2029 4.25% 7,302.08 0.00 7,302.08 0.00
Coupon
09/01/2025 3137FPJG1 0.00 FHMS K-099 A2 2.595
09/25/2029 4.21% 3,243.75 0.00 3,243.75 0.00
Coupon 09/01/2025 3137FPHK4 0.00 FHMS K-098 A2 2.425
08/25/2029 4.00% 3,233.33 0.00 3,233.33 0.00
Coupon 09/01/2025 3137FMCR1 0.00 FHMS K-093 A2 2.982
05/25/2029 3.82% 4,922.71 0.00 4,922.71 0.00
Coupon 09/01/2025 3137BSP72 0.00 FHMS K-058 A2 2.653
08/25/2026 1.36% 1,437.04 0.00 1,437.04 0.00
Coupon 09/03/2025 808513BY0 0.00 CHARLES SCHWAB CORP

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 09/05/2025 02665WFQ9 0.00

AMERICAN HONDA
FINANCE CORP 4.4
09/05/2029

4.29% 38,500.00 0.00 38,500.00 0.00
Coupon 09/09/2025 57636QAW4 0.00 MASTERCARD INC 4.875
03/09/2028 4.90% 23,034.38 0.00 23,034.38 0.00
Coupon 09/14/2025 58989V2D5 0.00

MET TOWER GLOBAL
FUNDING 1.25
09/14/2026

1.27% 4,812.50 0.00 4,812.50 0.00
Coupon 09/15/2025 89231FAD2 0.00 TAOT 2023-C A3 5.16
04/17/2028 5.65% 4,762.92 0.00 4,762.92 0.00
Coupon 09/15/2025 44934FAD7 0.00 HALST 2024-B A3 5.41
05/17/2027 5.41% 2,750.08 0.00 2,750.08 0.00
Coupon 09/15/2025 47800BAC2 0.00 JDOT 2022-C A3 5.09
06/15/2027 5.15% 1,587.61 0.00 1,587.61 0.00
Coupon 09/15/2025 47800RAD5 0.00 JDOT 2024 A3 4.96
11/15/2028 5.13% 2,066.67 0.00 2,066.67 0.00
Coupon 09/15/2025 05522RDJ4 0.00 BACCT 2024-1 A 4.93
05/15/2029 4.93% 3,225.04 0.00 3,225.04 0.00
Coupon 09/15/2025 571748CA8 0.00

MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030

4.69% 32,550.00 0.00 32,550.00 0.00
Coupon 09/15/2025 161571HV9 0.00 CHAIT 241 A 4.6
01/16/2029 4.61% 6,478.33 0.00 6,478.33 0.00
Coupon 09/15/2025 05522RDH8 0.00 BACCT 2023-2 A 4.98
11/16/2026

4.58% 3,527.50 0.00 3,527.50 0.00
Coupon 09/15/2025 92970QAJ4 0.00 WFCIT 2025-1 A 4.34
05/15/2030 4.33% 4,936.75 0.00 4,936.75 0.00
Coupon 09/15/2025 02582JKP4 0.00 AMXCA 2025-2 A 4.28
04/15/2030 4.28% 5,064.67 0.00 5,064.67 0.00
Coupon 09/15/2025 58769FAC9 0.00 MBART 2023-2 A3 5.95
11/15/2028 3.88% 4,827.69 0.00 4,827.69 0.00
Coupon 09/15/2025 47800AAC4 0.00 JDOT 2022-B A3 3.74
02/16/2027 3.77% 486.29 0.00 486.29 0.00
274
CC 10-21-2025
274 of 454
CONFIDENTIAL | 19
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 09/15/2025 47787JAC2 0.00 JDOT 2022 A3 2.32
09/15/2026 2.34% 43.23 0.00 43.23 0.00
Coupon 09/15/2025 084664CZ2 0.00

BERKSHIRE HATHAWAY
FINANCE CORP 2.3
03/15/2027

2.30% 18,572.50 0.00 18,572.50 0.00
Coupon 09/16/2025 36268GAD7 0.00 GMCAR 2024-1 A3 4.85
12/18/2028 4.97% 5,294.58 0.00 5,294.58 0.00
Coupon 09/16/2025 362585AC5 0.00 GMCAR 2022-2 A3 3.1
02/16/2027 3.13% 124.92 0.00 124.92 0.00
Coupon 09/17/2025 931142ER0 0.00 WALMART INC 1.05
09/17/2026 1.09% 1,837.50 0.00 1,837.50 0.00
Coupon 09/18/2025 437930AC4 0.00 HAROT 2024-2 A3 5.27
11/20/2028 5.27% 2,349.54 0.00 2,349.54 0.00
Coupon 09/20/2025 459058LR2 0.00

INTERNATIONAL BANK

FOR RECONSTRUCTION
AND DEVELOPM 4.125
03/20/2030

4.20% 35,071.00 0.00 35,071.00 0.00
Coupon 09/21/2025 438123AC5 0.00 HAROT 2023-4 A3 5.67
06/21/2028 5.64% 3,564.64 0.00 3,564.64 0.00
Coupon 09/25/2025 096919AD7 0.00 BMWOT 2024-A A3 5.18
02/26/2029 5.18% 3,000.08 0.00 3,000.08 0.00
Coupon 09/25/2025 05602RAD3 0.00 BMWOT 2022-A A3 3.21
08/25/2026 3.23% 30.45 0.00 30.45 0.00
Coupon 09/26/2025 40139LBJ1 0.00

GUARDIAN LIFE GLOBAL
FUNDING 4.179
09/26/2029

4.18% 25,178.48 0.00 25,178.48 0.00
Coupon 09/30/2025 91282CKG5 0.00 UNITED STATES TREASURY

4.125 03/31/2029 4.62% 47,437.50 0.00 47,437.50 0.00
Coupon 09/30/2025 91282CFM8 0.00 UNITED STATES TREASURY

4.125 09/30/2027 4.31% 71,156.25 0.00 71,156.25 0.00
Coupon 09/30/2025 91282CLN9 0.00 UNITED STATES TREASURY

3.5 09/30/2029 3.83% 87,500.00 0.00 87,500.00 0.00
Coupon 09/30/2025 91282CCZ2 0.00 UNITED STATES TREASURY

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Total Coupon 0.00 540,769.71 0.00 540,769.71 0.00
Dividend 09/30/2025 VP4520004 0.00 WF ADV 100% TREAS MM FD-SVC CL #008 0.01% 1,839.12 0.00 1,839.12 0.00
Dividend 09/30/2025 992995944 0.00 WC MMF SWEEP 2.85% 95.31 0.00 95.31 0.00 Total Dividend 0.00 1,934.43 0.00 1,934.43 0.00
Management Fee 09/08/2025 CCYUSD (10,460.42) Cash 0.00% (10,460.42) 0.00 (10,460.42) 0.00 Total
Management Fee (10,460.42) (10,460.42) 0.00 (10,460.42) 0.00 Principal Paydown 09/01/2025 3137FMCR1 2,166.50 FHMS K-093 A2 2.982 05/25/2029 3.82% 2,166.50 -- 2,166.50 0.00
Principal Paydown 09/15/2025 89231FAD2 74,170.71 TAOT 2023-C A3 5.16 04/17/2028 5.65% 74,170.71 -- 74,170.71 (0.00)
Principal Paydown 09/15/2025 47800BAC2 38,993.66 JDOT 2022-C A3 5.09 06/15/2027 5.15% 38,993.66 -- 38,993.66 (0.00)
Principal Paydown 09/15/2025 58769FAC9 58,101.01 MBART 2023-2 A3 5.95 11/15/2028 3.88% 58,101.01 -- 58,101.01 (0.00)
Principal Paydown 09/15/2025 47800AAC4 17,799.12 JDOT 2022-B A3 3.74 02/16/2027 3.77% 17,799.12 -- 17,799.12 0.00
Principal Paydown 09/15/2025 47787JAC2 11,037.71 JDOT 2022 A3 2.32 09/15/2026 2.34% 11,037.71 -- 11,037.71 (0.00)
Principal Paydown 09/16/2025 362585AC5
14,287.29 GMCAR 2022-2 A3 3.1
02/16/2027 3.13% 14,287.29 -- 14,287.29 (0.00)
Principal Paydown 09/21/2025 438123AC5 49,821.24 HAROT 2023-4 A3 5.67 06/21/2028 5.64% 49,821.24 -- 49,821.24 (0.01)
Principal Paydown 09/25/2025 05602RAD3 11,383.46 BMWOT 2022-A A3 3.21 08/25/2026 3.23% 11,383.46 -- 11,383.46 (0.00)
Total Principal
Paydown 277,760.70 277,760.70 -- 277,760.70 (0.02)

TOTAL OTHER
TRANSACTIONS 28,067,300.28 28,610,004.42 0.00 28,610,004.42 (0.02) 276
CC 10-21-2025
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CONFIDENTIAL | 21
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

CASH & EQUIVALENTS
992995944 WC MMF SWEEP
52,499.43
52,399.32
100.11

0.00 52,499.43

0.00 100.11

0.00 0.00

0.00 100.11
100.11
CCYUSD Cash
27,800,000.00

0.00 0.00

0.00 27,800,000.00

0.00 0.00

0.00 CCYUSD Payable
(1,500,000.00)

0.00 0.00

0.00 (1,500,000.00)

0.00 0.00

0.00 CCYUSD Receivable
1,934.43
300,210.85

0.00 0.00
1,934.43

0.00 0.00

0.00 VP4520004 WF ADV 100% TREAS MM
FD-SVC CL #008 438,129.54
185,820.48
2,110,221.13
(1,857,912.07)
438,129.54

0.00 2,360.74

0.00 0.00

0.00 2,360.74
2,360.74
Total Cash & Equivalents 26,792,563.40
538,430.65
2,110,321.24
(1,857,912.07)
26,792,563.40

0.00 2,460.85

0.00 0.00

0.00 2,460.85 2,460.85

FIXED INCOME
023135BX3 AMAZON.COM INC 1.0
05/12/2026
05/10/2021
05/12/2021
1,875,000.00
1,873,877.71

0.00 0.00
1,874,010.79
5,677.08

0.00 7,239.58
1,562.50
133.08

0.00 133.08
1,695.58
1,695.58
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030
05/06/2025
05/13/2025
1,420,000.00
1,419,975.89

0.00 0.00
1,419,976.32
2,701.16
5,064.67
2,701.16
5,064.67

0.43 0.00

0.00 0.00
1,756,466.68
37,644.44
38,500.00
5,561.11
6,416.67

0.00 (135.19)
(135.19)
6,281.47
6,281.47
05522RDH8 BACCT 2023-2 A 4.98
11/16/2026
01/24/2024
01/26/2024
850,000.00
853,785.40

0.00 0.00
853,527.89
1,881.33
3,527.50
1,881.33
3,527.50

0.00 (257.51)
(257.51)
3,269.99
3,269.99
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029
06/06/2024
06/13/2024
785,000.00
784,966.99

0.00 0.00
784,967.72
1,720.02
3,225.04
1,720.02
3,225.04

0.73 0.00

0.73 3,225.77
3,225.77
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026
05/10/2022
05/18/2022

0.00 11,383.34

0.00 (11,383.46)

0.00 6.09

30.45 0.00

24.36 0.13

0.00 0.13

24.49 24.49
06051GHM4 BANK OF AMERICA CORP

4.271 07/23/2029
09/17/2024
09/18/2024
1,500,000.00
1,499,029.74

0.00 0.00
1,499,057.31
6,762.42

0.00 12,101.17
5,338.75

27.56 0.00

27.56 5,366.31
5,366.31
084664CZ2

BERKSHIRE HATHAWAY
FINANCE CORP 2.3
03/15/2027
03/07/2022
03/15/2022
1,615,000.00
1,614,905.90

0.00 0.00
1,614,910.94
17,127.97
18,572.50
1,650.89
3,095.42

5.04 0.00

5.04 3,100.46
3,100.46
096919AD7
BMWOT 2024-A A3 5.18
02/26/2029
06/04/2024
06/11/2024
695,000.00
694,921.85

0.00 0.00
694,923.69
600.02
3,000.08
600.02
3,000.08

1.84 0.00

1.84 3,001.92
3,001.92
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029
10/30/2024
11/05/2024
1,740,000.00
1,747,579.66

0.00 0.00
1,747,420.65
6,525.00

0.00 13,050.00
6,525.00

0.00 (159.01)
(159.01)
6,365.99
6,365.99
14913UAL4

CATERPILLAR FINANCIAL
SERVICES CORP 5.0
05/14/2027
05/10/2024
05/15/2024
1,000,000.00
999,393.60

0.00 0.00
999,422.94
14,861.11

0.00 19,027.78
4,166.67

29.34 0.00

CATERPILLAR FINANCIAL
SERVICES CORP 4.7
11/15/2029
11/14/2024
11/15/2024
1,200,000.00
1,198,395.02

0.00 0.00
1,198,426.37
16,606.67

0.00 21,306.67
4,700.00

31.35 0.00

31.35 4,731.35
4,731.35
161571HV9 CHAIT 241 A 4.6 01/16/2029
01/24/2024
01/31/2024
1,690,000.00
1,689,824.85

0.00 0.00
1,689,829.12
3,455.11
6,478.33
3,455.11
6,478.33

4.26 0.00

4.26 6,482.59
6,482.59
171239AL0 CHUBB INA HOLDINGS LLC

4.65 08/15/2029 1,750,000.00
1,762,696.02

0.00 0.00
1,762,426.46
3,616.67

0.00 10,397.92
6,781.25

0.00 (269.55)
(269.55)
6,511.70
6,511.70
24422EXZ7 JOHN DEERE CAPITAL CORP

4.65 01/07/2028
01/06/2025
01/09/2025
1,430,000.00
1,429,663.24

0.00 0.00
1,429,675.01
9,974.25

0.00 15,515.50
5,541.25

11.77 0.00

11.77 5,553.02
5,553.02
30303M8S4 META PLATFORMS INC 4.3
08/15/2029
08/12/2024
08/15/2024
912,000.00
910,880.30

0.00 0.00
910,903.56
1,742.93

0.00 5,010.93
3,268.00

23.26 0.00

23.26 3,291.26
3,291.26
3130B0TY5 FEDERAL HOME LOAN BANKS

4.75 04/09/2027
04/10/2024
04/11/2024
1,875,000.00
1,872,350.64

0.00 0.00
1,872,486.51
35,130.21

0.00 42,552.08
7,421.88
135.86

0.00 135.86
7,557.74
7,557.74
3133EPC60

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.625
11/15/2027
11/09/2023
11/15/2023
2,800,000.00
2,794,276.29

0.00 0.00
2,794,489.60
38,130.56

0.00 48,922.22
10,791.67
213.31

0.00 213.31
11,004.97
11,004.97
3133ERDS7

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.75
05/06/2027
06/20/2024
06/21/2024
2,400,000.00
2,407,323.00

0.00 0.00
2,406,964.03
36,416.67

0.00 45,916.67
9,500.00

0.00 (358.97)
(358.97)
9,141.03
9,141.03
3135G06G3

FEDERAL NATIONAL
MORTGAGE ASSOCIATION 0.5
11/07/2025 0.00
2,499,731.33

0.00 (2,499,743.36)

0.00 3,958.33
4,062.50

0.00 104.17

12.03 0.00

0.00 0.00
656,626.98
1,437.04
1,437.04
1,437.04
1,437.04

0.00 (653.98)
(653.98)
783.06
783.06
3137FBBX3 FHMS K-068 A2 3.244
08/25/2027
09/28/2022
10/03/2022
1,000,000.00
980,439.13

0.00 0.00
981,278.65
2,703.33
2,703.33
2,703.33
2,703.33
839.52

0.00 839.52
3,542.85
3,542.85
3137FKUP9 FHMS K-087 A2 3.771
12/25/2028
07/01/2024
07/05/2024
2,000,000.00
1,936,122.72

0.00 0.00
1,937,737.14
6,285.00
6,285.00
6,285.00
6,285.00
1,614.42

0.00 1,614.42
7,899.42
7,899.42
3137FKZZ2 FHMS K-088 A2 3.69
01/25/2029
07/17/2024
07/22/2024
2,550,000.00
2,486,872.56

0.00 0.00
2,488,427.42
7,841.25
7,841.25
7,841.25
7,841.25
1,554.86

0.00 1,554.86
9,396.11
9,396.11
3137FL6P4 FHMS K-089 A2 3.563
01/25/2029
07/03/2024
07/09/2024
1,288,000.00
1,243,490.13

0.00 0.00
1,244,586.43
3,824.29
3,824.29
3,824.29
3,824.29
1,096.30

0.00 1,096.30
4,920.59
4,920.59
3137FLN91 FHMS K-091 A2 3.505
03/25/2029
03/20/2025
03/25/2025
2,500,000.00
2,439,338.75

0.00 0.00
2,440,763.84
7,302.08
7,302.08
7,302.08
7,302.08
1,425.09

0.00 1,425.09
8,727.17
8,727.17
3137FMCR1 FHMS K-093 A2 2.982
05/25/2029
09/19/2024
09/24/2024
1,978,803.56
1,925,380.75

0.00 (2,166.50)
1,924,520.08
4,922.71
4,922.71
4,917.33
4,917.33
1,305.83

0.00 1,305.83
6,223.16
6,223.16
3137FNAE0 FHMS K-095 A2 2.785
06/25/2029
07/17/2024
07/18/2024
2,200,000.00
2,076,399.71

0.00 0.00
2,079,108.26
5,105.83
5,105.83
5,105.83
5,105.83
2,708.55

0.00 2,708.55
7,814.38
7,814.38
3137FPHK4 FHMS K-098 A2 2.425
08/25/2029
09/03/2024
09/06/2024
1,600,000.00
1,510,824.72

0.00 0.00
1,512,695.53
3,233.33
3,233.33
3,233.33
3,233.33
1,870.81

0.00 0.00
1,413,817.21
3,243.75
3,243.75
3,243.75
3,243.75
1,806.77

0.00 1,806.77
5,050.52
5,050.52
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030
06/06/2025
06/11/2025
2,000,000.00
1,819,431.64

0.00 0.00
1,822,853.66
3,448.33
3,448.33
3,448.33
3,448.33
3,422.02

0.00 3,422.02
6,870.35
6,870.35
3137FTZQ3 FHMS K-110 A2 1.477
04/25/2030
09/03/2025
09/08/2025
1,500,000.00

0.00 1,348,652.34

0.00 1,350,741.77

0.00 (430.79)
1,846.25
1,415.46
2,089.43

0.00 2,089.43
3,504.89
3,504.89
3137H5YC5 FHMS K-748 A2 2.26
01/25/2029
07/03/2024
07/09/2024
2,000,000.00
1,852,470.03

0.00 0.00
1,856,103.77
3,766.67
3,766.67
3,766.67
3,766.67
3,633.74

0.00 3,633.74
7,400.41
7,400.41
362585AC5 GMCAR 2022-2 A3 3.1
02/16/2027
04/05/2022
04/13/2022
34,070.08
48,354.54

0.00 (14,287.29)
34,068.20

62.46 124.92

44.01 106.47

0.95 0.00

0.95 107.41
107.41
36268GAD7 GMCAR 2024-1 A3 4.85
12/18/2028 1,310,000.00
1,308,530.09

0.00 0.00
1,308,566.19
2,647.29
5,294.58
2,647.29
5,294.58

37.70 (1.61)

36.09 5,330.67
5,330.67
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029
09/23/2024
09/26/2024
1,205,000.00
1,205,000.00

0.00 0.00
1,205,000.00
21,681.46
25,178.48
699.40
4,196.42

0.00 0.00

0.00 4,196.42
4,196.42
40139LBN2 GUARDIAN LIFE GLOBAL
FUNDING 4.327 10/06/2030
09/30/2025
10/06/2025
1,500,000.00

0.00 1,500,000.00

0.00 0.00

0.00 437076BY7 HOME DEPOT INC 2.95
06/15/2029
09/17/2024
09/18/2024
1,663,000.00
1,607,235.69

0.00 0.00
1,608,445.33
10,356.79

0.00 14,445.00
4,088.21
1,209.64

0.00 0.00
994,200.32
8,708.33

0.00 12,666.67
3,958.33
127.65

0.00 127.65
4,085.99
4,085.99
437930AC4 HAROT 2024-2 A3 5.27
11/20/2028
05/14/2024
05/21/2024
535,000.00
534,953.50

0.00 0.00
534,954.69
1,018.13
2,349.54
1,018.13
2,349.54

1.19 0.00

1.19 2,350.73
2,350.73
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 11/08/2023
704,600.12
755,410.47

0.00 (49,821.25)
705,486.61
1,188.21
3,564.64
1,109.75
3,486.17

3.18 (105.79)
(102.61)
3,383.56
3,383.56
44934FAD7 HALST 2024-B A3 5.41
05/17/2027
05/14/2024
05/22/2024
610,000.00
609,990.31

0.00 0.00
609,990.77
1,466.71
2,750.08
1,466.71
2,750.08

0.47 0.00

0.47 2,750.55
2,750.55
4581X0DV7

INTER-AMERICAN
DEVELOPMENT BANK 0.875
04/20/2026
04/13/2021
04/20/2021
2,460,000.00
2,458,574.68

0.00 0.00
2,458,759.79
7,832.71

0.00 9,626.46
1,793.75
185.11

0.00 185.11
1,978.86
1,978.86
459058JL8

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 0.5 10/28/2025 1,400,000.00
2,399,630.12

0.00 (999,853.99)
1,399,897.80
4,100.00
1,750.00
2,975.00
625.00
121.67

0.00 121.67
746.67
746.67
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
12/12/2024
12/13/2024
1,750,000.00
1,725,731.93

0.00 0.00
1,726,215.36
25,427.50

0.00 31,080.00
5,652.50
483.43

0.00 483.43
6,135.93
6,135.93
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
03/14/2025
03/20/2025
1,700,000.00
1,694,742.29

0.00 0.00
1,694,837.25
31,361.46
35,071.00
2,142.71
5,852.25

94.96 0.00

94.96 5,947.21
5,947.21
46647PAV8 JPMORGAN CHASE & CO

4.203 07/23/2029
09/17/2024
09/18/2024
1,500,000.00
1,497,450.26

0.00 0.00
1,497,522.69
6,654.75

0.00 11,908.50
5,253.75

72.44 0.00

0.00 (11,037.71)
11,320.94

23.05 43.23

11.67 31.85

0.57 0.00

0.57 32.42

32.42 47800AAC4 JDOT 2022-B A3 3.74
02/16/2027
07/12/2022
07/20/2022
138,229.02
156,023.53

0.00 (17,799.12)
138,225.17
259.35
486.29
229.77
456.70

0.75 0.00

0.75 457.46
457.46
47800BAC2 JDOT 2022-C A3 5.09
06/15/2027
10/12/2022
10/19/2022
335,295.97
374,278.63

0.00 (38,993.66)
335,286.57
846.73
1,587.61
758.51
1,499.40

1.60 0.00

1.60 1,501.00
1,501.00
47800RAD5 JDOT 2024 A3 4.96
11/15/2028
03/25/2024
03/27/2024
500,000.00
499,837.99

0.00 0.00
499,842.14
1,102.22
2,066.67
1,102.22
2,066.67

4.15 0.00

4.15 2,070.82
2,070.82
571748CA8

MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030
03/11/2025
03/17/2025
1,400,000.00
1,397,585.00

0.00 0.00
1,397,628.75
30,018.33
32,550.00
2,893.33
5,425.00

43.75 0.00

43.75 5,468.75
5,468.75
57629TBX4 MASSMUTUAL GLOBAL
FUNDING II 4.55 05/07/2030
05/01/2025
05/07/2025
1,000,000.00
998,755.22

0.00 0.00
998,777.07
14,408.33

0.00 18,200.00
3,791.67

21.85 0.00

21.85 3,813.52
3,813.52
57629WDE7

MASSMUTUAL GLOBAL
FUNDING II 1.2 07/16/2026
08/19/2021
08/23/2021
1,000,000.00
1,000,396.61

0.00 0.00
1,000,359.20
1,500.00

0.00 2,500.00
1,000.00

0.00 (37.42)
(37.42)
962.58
962.58
57636QAW4 MASTERCARD INC 4.875
03/09/2028
03/06/2023
03/09/2023
945,000.00
944,538.41

0.00 0.00
944,553.47
22,010.63
23,034.38
2,815.31
3,839.07

15.05 0.00

15.05 3,854.12
3,854.12
58769FAC9 MBART 2023-2 A3 5.95
11/15/2028
11/29/2023
12/04/2023
915,551.72
985,215.11

0.00 (58,101.01)
926,018.94
2,574.77
4,827.69
2,421.13
4,674.05

0.00 0.00
769,864.99
4,464.93
4,812.50
454.51
802.08

11.64 0.00

11.64 813.72
813.72
59217GER6 METROPOLITAN LIFE GLOBAL
FUNDING I 1.875 01/11/2027
01/03/2022
01/11/2022
1,115,000.00
1,114,654.03

0.00 0.00
1,114,674.92
2,903.65

0.00 4,645.83
1,742.19

20.88 0.00

20.88 1,763.07
1,763.07
61690U8E3 MORGAN STANLEY BANK NA

4.968 07/14/2028
07/17/2024
07/19/2024
1,950,000.00
1,950,000.00

0.00 0.00
1,950,000.00
12,647.70

0.00 20,720.70
8,073.00

0.00 0.00

0.00 8,073.00
8,073.00
63743HFX5

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

4.95 02/07/2030
02/05/2025
02/07/2025
1,000,000.00
1,002,543.83

0.00 0.00
1,002,495.80
3,300.00

0.00 7,425.00
4,125.00

0.00 (48.03)
(48.03)
4,076.97
4,076.97
64952WFG3 NEW YORK LIFE GLOBAL
FUNDING 5.0 06/06/2029
07/01/2024
07/02/2024
1,000,000.00
996,091.73

0.00 0.00
996,177.07
11,805.56

0.00 15,972.22
4,166.67

85.33 0.00

85.33 4,252.00
4,252.00
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029
12/02/2024
12/05/2024
1,365,000.00
1,364,337.00

0.00 0.00
1,364,349.78
14,999.83

0.00 20,232.33
5,232.50

12.78 0.00

12.78 5,245.28
5,245.28
66815L2W8

NORTHWESTERN MUTUAL
GLOBAL FUNDING 4.6
06/03/2030
06/12/2025
06/13/2025
1,000,000.00
1,003,862.03

0.00 0.00
1,003,795.29
11,244.44

0.00 15,077.78
3,833.33

0.00 (66.74)
(66.74)
3,766.59
3,766.59
713448FX1 PEPSICO INC 4.5 07/17/2029
07/15/2024
07/17/2024
1,500,000.00
1,498,198.32

0.00 0.00
1,498,236.51
8,250.00

0.00 13,875.00
5,625.00

38.20 0.00

38.20 5,663.20
5,663.20
743315AV5 PROGRESSIVE CORP 4.0
03/01/2029
07/16/2024
07/17/2024
1,500,000.00
1,466,331.23

0.00 0.00
1,467,122.19
30,000.00
30,000.00
5,000.00
5,000.00
790.97

0.00 0.00
1,486,203.54
5,468.75

0.00 10,937.50
5,468.75
339.54

0.00 339.54
5,808.29
5,808.29
756109CB8 REALTY INCOME CORP 4.0
07/15/2029
08/08/2024
08/09/2024
1,463,000.00
1,428,645.83

0.00 0.00
1,429,375.22
7,477.56

0.00 12,354.22
4,876.67
729.39

0.00 729.39
5,606.05
5,606.05
78016HZV5 ROYAL BANK OF CANADA

4.95 02/01/2029
10/31/2024
11/01/2024
2,000,000.00
2,016,020.66

0.00 0.00
2,015,635.85
8,250.00

0.00 16,500.00
8,250.00

0.00 (384.80)
(384.80)
7,865.20
7,865.20
808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027
03/01/2022
03/03/2022
960,000.00
959,915.41

0.00 0.00
959,919.77
11,629.33
11,760.00
1,829.33
1,960.00

9.76 (5.40)

4.35 1,964.35
1,964.35
828807DK0 SIMON PROPERTY GROUP LP

2.65 07/15/2030
08/19/2025
08/20/2025
2,000,000.00
1,854,362.93

0.00 0.00
1,856,820.25
6,772.22

0.00 11,188.89
4,416.67
2,457.32

0.00 2,457.32
6,873.99
6,873.99
89231FAD2 TAOT 2023-C A3 5.16
04/17/2028
11/21/2023
11/24/2023
1,033,485.85
1,104,969.54

0.00 (74,170.71)
1,031,057.18
2,540.23
4,762.92
2,370.13
4,592.82
258.36

0.00 258.36
4,851.18
4,851.18
89236TJK2 TOYOTA MOTOR CREDIT
CORP 1.125 06/18/2026
06/15/2021
06/18/2021
1,385,000.00
1,384,903.22

0.00 0.00
1,384,913.23
3,159.53

0.00 4,457.97
1,298.44

10.01 0.00

10.01 1,308.45
1,308.45
89236TNA9 TOYOTA MOTOR CREDIT
CORP 4.95 01/09/2030
01/06/2025
01/09/2025
1,445,000.00
1,442,305.67

0.00 0.00
1,442,356.47
10,331.75

0.00 16,292.38
5,960.63

50.80 0.00

50.80 6,011.43
6,011.43
91282CAT8 UNITED STATES TREASURY

0.25 10/31/2025 1,950,000.00
1,949,247.02

0.00 0.00
1,949,623.51
1,642.66

0.00 2,040.08
397.42
376.49

0.375 11/30/2025
03/26/2021
03/29/2021
2,250,000.00
2,247,873.02

0.00 0.00
2,248,582.01
2,143.95

0.00 2,835.55
691.60
708.99

0.00 708.99
1,400.59
1,400.59
91282CBH3 UNITED STATES TREASURY

0.375 01/31/2026
05/27/2021
05/28/2021
2,500,000.00
2,496,126.21

0.00 0.00
2,496,890.77
815.22

0.00 1,579.48
764.27
764.56

0.00 764.56
1,528.83
1,528.83
91282CBW0 UNITED STATES TREASURY

0.75 04/30/2026
05/27/2021
05/28/2021
2,500,000.00
2,499,149.17

0.00 0.00
2,499,255.08
6,317.93

0.00 7,846.47
1,528.53
105.91

0.00 105.91
1,634.44
1,634.44
91282CCZ2 UNITED STATES TREASURY

0.875 09/30/2026
10/18/2021
10/19/2021
1,400,000.00
1,395,433.06

0.00 0.00
1,395,780.80
5,154.37
6,125.00

33.65 1,004.28
347.74

0.00 347.74
1,352.02
1,352.02
91282CDG3 UNITED STATES TREASURY

1.125 10/31/2026
11/15/2021
11/17/2021
1,400,000.00
1,397,995.70

0.00 0.00
1,398,137.18
5,307.07

0.00 6,591.03
1,283.97
141.48

0.00 141.48
1,425.45
1,425.45
91282CEW7 UNITED STATES TREASURY

3.25 06/30/2027 3,250,000.00
3,253,670.90

0.00 0.00
3,253,505.79
18,082.54

0.00 26,693.27
8,610.73
137.09
(302.20)
(165.11)
8,445.63
8,445.63
91282CFB2 UNITED STATES TREASURY

2.75 07/31/2027
08/22/2022
08/23/2022
400,000.00
397,374.76

0.00 0.00
397,487.59
956.52

0.00 1,853.26
896.74
112.83

0.00 112.83
1,009.57
1,009.57
91282CFH9 UNITED STATES TREASURY

3.125 08/31/2027 4,500,000.00
4,487,518.71

0.00 0.00
4,488,032.34
388.47
70,312.50
12,042.47
81,966.51
513.63

0.00 513.63
82,480.14
82,480.14
91282CFM8 UNITED STATES TREASURY

4.125 09/30/2027 3,450,000.00
3,437,813.78

0.00 0.00
3,438,295.45
59,880.12
71,156.25
390.97
11,667.10
589.84
(108.17)
481.67
12,148.76
12,148.76
286
CC 10-21-2025
286 of 454
CONFIDENTIAL | 31
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

3.875 11/30/2027
12/05/2022
12/06/2022
850,000.00
851,196.77

0.00 0.00
851,152.99
8,369.36

0.00 11,069.16
2,699.80

0.00 (43.78)
(43.78)
2,656.01
2,656.01
91282CGC9 UNITED STATES TREASURY

3.875 12/31/2027 2,750,000.00
2,761,883.47

0.00 0.00
2,761,464.55
18,243.04

0.00 26,930.20
8,687.16

42.01 (460.94)
(418.92)
8,268.24
8,268.24
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028
02/07/2023
02/08/2023
3,000,000.00
2,979,589.65

0.00 0.00
2,980,283.88
9,130.43

0.00 17,690.22
8,559.78
694.23

0.00 694.23
9,254.01
9,254.01
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 3,700,000.00
3,699,624.00

0.00 0.00
3,699,636.39
408.84
74,000.00
12,674.03
86,265.19
246.50
(234.12)

12.38 86,277.58
86,277.58
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 4,500,000.00
4,497,198.32

0.00 0.00
4,497,249.54
497.24
90,000.00
15,414.36
104,917.13

51.22 0.00

51.22 104,968.35
104,968.35
91282CJP7 UNITED STATES TREASURY

4.375 12/15/2026
12/28/2023
12/29/2023
2,500,000.00
2,510,901.94

0.00 0.00
2,510,206.07
23,309.43

0.00 32,274.59
8,965.16

0.00 (695.87)
(695.87)
8,269.30
8,269.30
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029
04/17/2024
04/18/2024
2,300,000.00
2,263,759.08

0.00 0.00
2,264,590.93
39,920.08
47,437.50
260.65
7,778.06
831.85

0.00 831.85
8,609.91
8,609.91
91282CKJ9 UNITED STATES TREASURY 4.5
04/15/2027
04/17/2024
04/18/2024
2,300,000.00
2,290,858.65

0.00 0.00
2,291,322.68
39,307.38

0.00 47,790.98
8,483.61
464.03

0.00 464.03
8,947.63
8,947.63
91282CKR1 UNITED STATES TREASURY 4.5
05/15/2027
05/08/2024
05/15/2024
3,200,000.00
3,192,343.84

0.00 0.00
3,192,713.70
42,652.17

0.00 54,391.30
11,739.13
369.86

4.25 06/30/2029
07/01/2024
07/02/2024
2,000,000.00
1,988,922.44

0.00 0.00
1,989,160.16
14,551.63

0.00 21,480.98
6,929.35
237.72

0.00 237.72
7,167.06
7,167.06
91282CLK5 UNITED STATES TREASURY

3.625 08/31/2029
09/11/2024
09/13/2024
3,500,000.00
3,522,129.89

0.00 0.00
3,521,675.16
350.48
63,437.50
10,864.99
73,952.00

0.00 (454.72)
(454.72)
73,497.28
73,497.28
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 5,000,000.00
4,938,411.84

0.00 0.00
4,939,651.87
73,633.88
87,500.00
480.77
14,346.89
1,240.03

0.00 1,240.03
15,586.92
15,586.92
91282CLR0 UNITED STATES TREASURY

4.125 10/31/2029
10/31/2024
11/01/2024
3,000,000.00
2,994,823.65

0.00 0.00
2,994,925.75
41,698.37

0.00 51,786.68
10,088.32
102.10

0.00 102.10
10,190.41
10,190.41
91282CMD0 UNITED STATES TREASURY

4.375 12/31/2029 4,400,000.00
4,373,064.97

0.00 0.00
4,373,575.74
32,955.16

0.00 48,648.10
15,692.93
510.78

0.00 510.78
16,203.71
16,203.71
91282CMG3 UNITED STATES TREASURY

4.25 01/31/2030
02/07/2025
02/10/2025
4,000,000.00
3,985,705.28

0.00 0.00
3,985,971.14
14,782.61

0.00 28,641.30
13,858.70
265.87

0.00 265.87
14,124.56
14,124.56
91282CNK3 UNITED STATES TREASURY

3.875 06/30/2030
07/09/2025
07/10/2025
2,500,000.00
2,491,657.06

0.00 0.00
2,491,799.03
16,584.58

0.00 24,482.00
7,897.42
141.97

0.00 141.97
8,039.39
8,039.39
91282CNX5 UNITED STATES TREASURY

3.625 08/31/2030 3,000,000.00

0.00 2,988,222.66

0.00 2,988,353.55

0.00 (2,453.38)
9,312.85
6,859.47
130.89

0.00 130.89
6,990.36
6,990.36
91324PDS8 UNITEDHEALTH GROUP INC

2.875 08/15/2029
09/17/2024
09/18/2024
2,000,000.00
1,924,318.93

0.00 0.00
1,925,891.25
2,555.56

0.00 7,347.22
4,791.67
1,572.32

1.15 05/15/2026 1,035,000.00
1,033,401.93

0.00 0.00
1,033,587.04
3,504.63

0.00 4,496.50
991.88
203.54
(18.43)
185.11
1,176.99
1,176.99
92970QAJ4 WFCIT 2025-1 A 4.34
05/15/2030
06/03/2025
06/10/2025
1,365,000.00
1,364,978.38

0.00 0.00
1,364,978.76
2,632.93
4,936.75
2,632.93
4,936.75

0.38 0.00

0.38 4,937.13
4,937.13
931142ER0 WALMART INC 1.05
09/17/2026
09/08/2021
09/17/2021
350,000.00
349,861.98

0.00 0.00
349,872.84
1,674.17
1,837.50
142.92
306.25

10.87 0.00

10.87 317.12
317.12
Total Fixed Income 177,507,357.75
173,799,982.45
5,836,875.00
(3,777,358.08)
175,895,755.15
1,135,597.20
841,448.04
1,106,379.00
812,229.83
42,153.17
(5,897.39)
36,255.78
848,485.61 848,485.61
TOTAL PORTFOLIO 204,299,921.15
174,338,413.10
7,947,196.24
(5,635,270.15)
202,688,318.55
1,135,597.20
843,908.89
1,106,379.00
814,690.68
42,153.17
(5,897.39)
36,255.78
850,946.46 850,946.46
289
CC 10-21-2025
289 of 454
CONFIDENTIAL | 34
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount OCTOBER 2025
10/01/2025 Dividend 0.00 1,839.12 1,839.12
10/01/2025 Dividend 992995944 0.00 95.31 95.31
10/09/2025 Coupon 3130B0TY5 1,875,000.00 FEDERAL HOME LOAN BANKS 4.75 04/09/2027 44,531.25 44,531.25 10/15/2025 Coupon 02582JKP4 1,420,000.00 AMXCA 2025-2 A 4.28 04/15/2030 5,064.67 5,064.67 10/15/2025 Coupon 05522RDH8 850,000.00 BACCT 2023-2 A 4.98 11/16/2026 3,527.50 3,527.50 10/15/2025 Coupon 05522RDJ4 785,000.00 BACCT 2024-1 A 4.93 05/15/2029 3,225.04 3,225.04 10/15/2025 Coupon 161571HV9 1,690,000.00 CHAIT 241 A 4.6 01/16/2029 6,478.33 6,478.33 10/15/2025 Coupon 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 2,750.08 2,750.08 10/15/2025 Coupon 47787JAC2 11,321.44 JDOT 2022 A3 2.32 09/15/2026 17.26 17.26 10/15/2025 Effective Maturity 47787JAC2 11,321.44 JDOT 2022 A3 2.32 09/15/2026 8,926.57 8,926.57 10/15/2025 Coupon 47800AAC4 138,229.02 JDOT 2022-B A3 3.74 02/16/2027 430.81 430.81 10/15/2025 Principal Paydown 47800AAC4 138,229.02 JDOT 2022-B A3 3.74 02/16/2027 20,795.94 20,795.94 10/15/2025 Coupon 47800BAC2 335,295.97 JDOT 2022-C A3 5.09 06/15/2027 1,422.21 1,422.21 10/15/2025 Principal Paydown 47800BAC2 335,295.97 JDOT 2022-C A3 5.09 06/15/2027 28,791.22 28,791.22 10/15/2025 Coupon 47800RAD5 500,000.00 JDOT 2024 A3 4.96 11/15/2028 2,066.67 2,066.67 10/15/2025 Coupon 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 4,563.77 4,563.77 10/15/2025 Principal Paydown 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 50,876.04 50,876.04 10/15/2025 Coupon 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 4,443.99 4,443.99 10/15/2025 Principal Paydown 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 76,982.56 76,982.56 10/15/2025 Coupon 91282CKJ9 2,300,000.00 UNITED STATES TREASURY 4.5 04/15/2027 51,750.00 51,750.00 10/15/2025 Coupon 92970QAJ4 1,365,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,936.75 4,936.75 10/16/2025 Coupon 362585AC5 34,070.08 GMCAR 2022-2 A3 3.1 02/16/2027 104.45 104.45 10/16/2025 Principal Paydown 362585AC5 34,070.08 GMCAR 2022-2 A3 3.1 02/16/2027 12,869.13 12,869.13 10/16/2025 Coupon 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 5,294.58 5,294.58 10/16/2025 Principal Paydown 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 68,051.20 68,051.20 10/16/2025 Coupon 459058LN1 1,750,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 33,906.25 33,906.25
10/20/2025 Coupon 437930AC4 535,000.00 HAROT 2024-2 A3 5.27 11/20/2028 2,349.54 2,349.54 10/20/2025 Coupon 4581X0DV7 2,460,000.00 INTER-AMERICAN DEVELOPMENT BANK 0.875 04/20/2026 10,762.50 10,762.50
10/21/2025 Coupon 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 3,376.18 3,376.18 290
CC 10-21-2025
290 of 454
CONFIDENTIAL | 35
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/21/2025 Principal Paydown 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 44,205.22 44,205.22 10/27/2025 Coupon 096919AD7 695,000.00 BMWOT 2024-A A3 5.18 02/26/2029 3,000.08 3,000.08 10/27/2025 Coupon 3137BSP72 650,000.00 FHMS K-058 A2 2.653 08/25/2026 1,437.04 1,437.04 10/27/2025 Coupon 3137FBBX3 1,000,000.00 FHMS K-068 A2 3.244 08/25/2027 2,703.33 2,703.33 10/27/2025 Coupon 3137FKUP9 2,000,000.00 FHMS K-087 A2 3.771 12/25/2028 6,285.00 6,285.00 10/27/2025 Coupon 3137FKZZ2 2,550,000.00 FHMS K-088 A2 3.69 01/25/2029 7,841.25 7,841.25 10/27/2025 Coupon 3137FL6P4 1,288,000.00 FHMS K-089 A2 3.563 01/25/2029 3,824.29 3,824.29 10/27/2025 Coupon 3137FLN91 2,500,000.00 FHMS K-091 A2 3.505 03/25/2029 7,302.08 7,302.08 10/27/2025 Coupon 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 4,917.33 4,917.33 10/27/2025 Principal Paydown 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 2,354.30 2,354.30 10/27/2025 Coupon 3137FNAE0 2,200,000.00 FHMS K-095 A2 2.785 06/25/2029 5,105.83 5,105.83 10/27/2025 Coupon 3137FPHK4 1,600,000.00 FHMS K-098 A2 2.425 08/25/2029 3,233.33 3,233.33 10/27/2025 Coupon 3137FPJG1 1,500,000.00 FHMS K-099 A2 2.595 09/25/2029 3,243.75 3,243.75 10/27/2025 Coupon 3137FRUT6 2,000,000.00 FHMS K-106 A2 2.069 01/25/2030 3,448.33 3,448.33 10/27/2025 Coupon 3137FTZQ3 1,500,000.00 FHMS K-110 A2 1.477 04/25/2030 1,846.25 1,846.25 10/27/2025 Coupon 3137H5YC5 2,000,000.00 FHMS K-748 A2 2.26 01/25/2029 3,766.67 3,766.67 10/28/2025 Coupon 459058JL8 1,400,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 0.5 10/28/2025 3,500.00 3,500.00
10/28/2025 Final Maturity 459058JL8 1,400,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 0.5 10/28/2025
1,400,000.00 1,400,000.00
10/31/2025 Coupon 91282CAT8 1,950,000.00 UNITED STATES TREASURY 0.25 10/31/2025 2,437.50 2,437.50 10/31/2025 Final Maturity 91282CAT8 1,950,000.00 UNITED STATES TREASURY 0.25 10/31/2025 1,950,000.00 1,950,000.00 10/31/2025 Coupon 91282CBW0 2,500,000.00 UNITED STATES TREASURY 0.75 04/30/2026 9,375.00 9,375.00 10/31/2025 Coupon 91282CDG3 1,400,000.00 UNITED STATES TREASURY 1.125 10/31/2026 7,875.00 7,875.00 10/31/2025 Coupon 91282CLR0 3,000,000.00 UNITED STATES TREASURY 4.125 10/31/2029 61,875.00 61,875.00 October 2025 Total 3,665,786.61 334,018.92 3,999,805.53 NOVEMBER 2025
11/06/2025 Coupon 3133ERDS7 2,400,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 05/06/2027 57,000.00 57,000.00
11/07/2025 Coupon 57629TBX4 1,000,000.00 MASSMUTUAL GLOBAL FUNDING II 4.55 05/07/2030 22,750.00 22,750.00
11/12/2025 Coupon 023135BX3 1,875,000.00 AMAZON.COM INC 1.0 05/12/2026 9,375.00 9,375.00 291
CC 10-21-2025
291 of 454
CONFIDENTIAL | 36
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/14/2025 Coupon 14913UAL4 1,000,000.00 CATERPILLAR FINANCIAL SERVICES CORP 5.0 05/14/2027 25,000.00 25,000.00
11/17/2025 Coupon 02582JKP4 1,420,000.00 AMXCA 2025-2 A 4.28 04/15/2030 5,064.67 5,064.67 11/17/2025 Coupon 05522RDH8 850,000.00 BACCT 2023-2 A 4.98 11/16/2026 3,527.50 3,527.50 11/17/2025 Coupon 05522RDJ4 785,000.00 BACCT 2024-1 A 4.93 05/15/2029 3,225.04 3,225.04 11/17/2025 Coupon 14913UAU4 1,200,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.7 11/15/2029 28,200.00 28,200.00
11/17/2025 Coupon 161571HV9 1,690,000.00 CHAIT 241 A 4.6 01/16/2029 6,478.33 6,478.33 11/17/2025 Coupon 3133EPC60 2,800,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.625 11/15/2027 64,750.00 64,750.00
11/17/2025 Coupon 362585AC5 34,070.08 GMCAR 2022-2 A3 3.1 02/16/2027 71.21 71.21 11/17/2025 Principal Paydown 362585AC5 34,070.08 GMCAR 2022-2 A3 3.1 02/16/2027 12,145.26 12,145.26 11/17/2025 Coupon 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 5,019.54 5,019.54 11/17/2025 Principal Paydown 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 72,388.88 72,388.88 11/17/2025 Coupon 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 2,750.08 2,750.08 11/17/2025 Principal Paydown 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 32,735.44 32,735.44 11/17/2025 Coupon 47800AAC4 138,229.02 JDOT 2022-B A3 3.74 02/16/2027 366.00 366.00 11/17/2025 Principal Paydown 47800AAC4 138,229.02 JDOT 2022-B A3 3.74 02/16/2027 22,645.38 22,645.38 11/17/2025 Coupon 47800BAC2 335,295.97 JDOT 2022-C A3 5.09 06/15/2027 1,300.09 1,300.09 11/17/2025 Principal Paydown 47800BAC2 335,295.97 JDOT 2022-C A3 5.09 06/15/2027 32,624.68 32,624.68 11/17/2025 Coupon 47800RAD5 500,000.00
JDOT 2024 A3 4.96 11/15/2028 2,066.67 2,066.67
11/17/2025 Coupon 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 4,311.51 4,311.51 11/17/2025 Principal Paydown 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 49,525.56 49,525.56 11/17/2025 Coupon 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 4,112.96 4,112.96 11/17/2025 Principal Paydown 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 70,093.13 70,093.13 11/17/2025 Coupon 91282CKR1 3,200,000.00 UNITED STATES TREASURY 4.5 05/15/2027 72,000.00 72,000.00 11/17/2025 Coupon 91324PEC2 1,035,000.00 UNITEDHEALTH GROUP INC 1.15 05/15/2026 5,951.25 5,951.25 11/17/2025 Coupon 92970QAJ4 1,365,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,936.75 4,936.75 11/18/2025 Coupon 437930AC4 535,000.00 HAROT 2024-2 A3 5.27 11/20/2028 2,349.54 2,349.54 11/21/2025 Coupon 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 3,167.31 3,167.31 11/21/2025 Principal Paydown 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 43,053.58 43,053.58 11/25/2025 Coupon 096919AD7 695,000.00 BMWOT 2024-A A3 5.18 02/26/2029 3,000.08 3,000.08 292
CC 10-21-2025
292 of 454
CONFIDENTIAL | 37
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/25/2025 Coupon 3137BSP72 650,000.00 FHMS K-058 A2 2.653 08/25/2026 1,437.04 1,437.04 11/25/2025 Coupon 3137FBBX3 1,000,000.00 FHMS K-068 A2 3.244 08/25/2027 2,703.33 2,703.33 11/25/2025 Coupon 3137FKUP9 2,000,000.00 FHMS K-087 A2 3.771 12/25/2028 6,285.00 6,285.00 11/25/2025 Coupon 3137FKZZ2 2,550,000.00 FHMS K-088 A2 3.69 01/25/2029 7,841.25 7,841.25 11/25/2025 Coupon 3137FL6P4 1,288,000.00 FHMS K-089 A2 3.563 01/25/2029 3,824.29 3,824.29 11/25/2025 Coupon 3137FLN91 2,500,000.00 FHMS K-091 A2 3.505 03/25/2029 7,302.08 7,302.08 11/25/2025 Coupon 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 4,911.48 4,911.48 11/25/2025 Principal Paydown 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 2,177.35 2,177.35 11/25/2025 Coupon 3137FNAE0 2,200,000.00 FHMS K-095 A2 2.785 06/25/2029 5,105.83 5,105.83 11/25/2025 Coupon 3137FPHK4 1,600,000.00 FHMS K-098 A2 2.425 08/25/2029 3,233.33 3,233.33 11/25/2025 Coupon 3137FPJG1 1,500,000.00 FHMS K-099 A2 2.595 09/25/2029 3,243.75 3,243.75 11/25/2025 Coupon 3137FRUT6 2,000,000.00 FHMS K-106 A2 2.069 01/25/2030 3,448.33 3,448.33 11/25/2025 Coupon 3137FTZQ3 1,500,000.00 FHMS K-110 A2 1.477 04/25/2030 1,846.25 1,846.25 11/25/2025 Coupon 3137H5YC5 2,000,000.00 FHMS K-748 A2 2.26 01/25/2029 3,766.67 3,766.67 November 2025
Total 337,389.27 391,722.19 729,111.46
DECEMBER 2025
12/01/2025 Coupon 91282CAZ4 2,250,000.00 UNITED STATES TREASURY 0.375 11/30/2025 4,218.75 4,218.75 12/01/2025 Final Maturity 91282CAZ4 2,250,000.00 UNITED STATES TREASURY 0.375 11/30/2025 2,250,000.00 2,250,000.00 12/01/2025 Coupon 91282CFZ9 850,000.00 UNITED STATES TREASURY 3.875 11/30/2027 16,468.75 16,468.75 12/03/2025 Coupon 66815L2W8 1,000,000.00 NORTHWESTERN MUTUAL GLOBAL FUNDING

4.6 06/03/2030 23,000.00 23,000.00
12/05/2025 Coupon 64952WFK4 1,365,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 31,395.00 31,395.00
12/08/2025 Coupon 64952WFG3 1,000,000.00 NEW YORK LIFE GLOBAL FUNDING 5.0 06/06/2029 25,000.00 25,000.00
12/15/2025 Coupon 02582JKP4 1,420,000.00 AMXCA 2025-2 A 4.28 04/15/2030 5,064.67 5,064.67 12/15/2025 Coupon 05522RDH8 850,000.00 BACCT 2023-2 A 4.98 11/16/2026 3,527.50 3,527.50 12/15/2025 Coupon 05522RDJ4 785,000.00 BACCT 2024-1 A 4.93 05/15/2029 3,225.04 3,225.04 12/15/2025 Coupon 161571HV9 1,690,000.00 CHAIT 241 A 4.6 01/16/2029 6,478.33 6,478.33 12/15/2025 Coupon 437076BY7 1,663,000.00 HOME DEPOT INC 2.95 06/15/2029 24,529.25 24,529.25 12/15/2025 Coupon 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 2,602.50 2,602.50 293
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CONFIDENTIAL | 38
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/15/2025 Principal Paydown 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 67,407.93 67,407.93 12/15/2025 Coupon 47800AAC4 138,229.02 JDOT 2022-B A3 3.74 02/16/2027 295.42 295.42 12/15/2025 Principal Paydown 47800AAC4 138,229.02 JDOT 2022-B A3 3.74 02/16/2027 16,962.44 16,962.44 12/15/2025 Coupon 47800BAC2 335,295.97 JDOT 2022-C A3 5.09 06/15/2027 1,161.71 1,161.71 12/15/2025 Principal Paydown 47800BAC2 335,295.97 JDOT 2022-C A3 5.09 06/15/2027 26,502.01 26,502.01 12/15/2025 Coupon 47800RAD5 500,000.00 JDOT 2024 A3 4.96 11/15/2028 2,066.67 2,066.67 12/15/2025 Coupon 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 4,065.94 4,065.94 12/15/2025 Principal Paydown 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 46,693.09 46,693.09 12/15/2025 Coupon 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 3,811.56 3,811.56 12/15/2025 Principal Paydown 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 68,764.13 68,764.13 12/15/2025 Coupon 91282CJP7 2,500,000.00 UNITED STATES TREASURY 4.375 12/15/2026 54,687.50 54,687.50 12/15/2025 Coupon 92970QAJ4 1,365,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,936.75 4,936.75 12/16/2025 Coupon 362585AC5 34,070.08 GMCAR 2022-2 A3 3.1 02/16/2027 39.83 39.83 12/16/2025 Principal Paydown 362585AC5 34,070.08 GMCAR 2022-2 A3 3.1 02/16/2027 11,427.83 11,427.83 12/16/2025 Coupon 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 4,726.97 4,726.97 12/16/2025 Principal Paydown 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 66,342.72 66,342.72 12/18/2025 Coupon 437930AC4 535,000.00 HAROT 2024-2 A3 5.27 11/20/2028 2,349.54 2,349.54 12/18/2025 Principal Paydown 437930AC4 535,000.00 HAROT 2024-2 A3 5.27 11/20/2028 8,713.62 8,713.62 12/18/2025 Coupon 89236TJK2 1,385,000.00 TOYOTA MOTOR CREDIT CORP 1.125 06/18/2026 7,790.63 7,790.63
12/22/2025 Coupon 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 2,963.89 2,963.89 12/22/2025 Principal Paydown 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 40,831.69 40,831.69 12/25/2025 Coupon 096919AD7 695,000.00 BMWOT 2024-A A3 5.18 02/26/2029 3,000.08 3,000.08 12/25/2025 Coupon 3137BSP72 650,000.00 FHMS K-058 A2 2.653 08/25/2026 1,437.04 1,437.04 12/25/2025 Coupon 3137FBBX3 1,000,000.00 FHMS K-068 A2 3.244 08/25/2027 2,703.33 2,703.33 12/25/2025 Coupon 3137FKUP9 2,000,000.00 FHMS K-087 A2 3.771 12/25/2028 6,285.00 6,285.00 12/25/2025 Coupon 3137FKZZ2 2,550,000.00 FHMS K-088 A2 3.69 01/25/2029 7,841.25 7,841.25 12/25/2025 Coupon 3137FL6P4 1,288,000.00 FHMS K-089 A2 3.563 01/25/2029 3,824.29 3,824.29 12/25/2025 Coupon 3137FLN91 2,500,000.00 FHMS K-091 A2 3.505 03/25/2029 7,302.08 7,302.08 12/25/2025 Coupon 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 4,906.07 4,906.07 12/25/2025 Principal Paydown 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 2,366.34 2,366.34 12/25/2025 Coupon 3137FNAE0 2,200,000.00 FHMS K-095 A2 2.785 06/25/2029 5,105.83 5,105.83 294
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CONFIDENTIAL | 39
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/25/2025 Coupon 3137FPHK4 1,600,000.00 FHMS K-098 A2 2.425 08/25/2029 3,233.33 3,233.33 12/25/2025 Coupon 3137FPJG1 1,500,000.00 FHMS K-099 A2 2.595 09/25/2029 3,243.75 3,243.75 12/25/2025 Coupon 3137FRUT6 2,000,000.00 FHMS K-106 A2 2.069 01/25/2030 3,448.33 3,448.33 12/25/2025 Coupon 3137FTZQ3 1,500,000.00 FHMS K-110 A2 1.477 04/25/2030 1,846.25 1,846.25 12/25/2025 Coupon 3137H5YC5 2,000,000.00 FHMS K-748 A2 2.26 01/25/2029 3,766.67 3,766.67 12/26/2025 Coupon 437076DC3 1,000,000.00 HOME DEPOT INC 4.75 06/25/2029 23,750.00 23,750.00 12/31/2025 Coupon 91282CEW7 3,250,000.00 UNITED STATES TREASURY 3.25 06/30/2027 52,812.50 52,812.50 12/31/2025 Coupon 91282CGC9 2,750,000.00 UNITED STATES TREASURY 3.875 12/31/2027 53,281.25 53,281.25 12/31/2025 Coupon 91282CKX8 2,000,000.00 UNITED STATES TREASURY 4.25 06/30/2029 42,500.00 42,500.00 12/31/2025 Coupon 91282CMD0 4,400,000.00 UNITED STATES TREASURY 4.375 12/31/2029 96,250.00 96,250.00 12/31/2025 Coupon 91282CNK3 2,500,000.00 UNITED STATES TREASURY 3.875 06/30/2030 48,437.50 48,437.50 December 2025
Total 2,606,011.81 609,380.77 3,215,392.58
JANUARY 2026
01/07/2026 Coupon 24422EXZ7 1,430,000.00 JOHN DEERE CAPITAL CORP 4.65 01/07/2028 33,247.50 33,247.50 01/09/2026 Coupon 89236TNA9 1,445,000.00 TOYOTA MOTOR CREDIT CORP 4.95 01/09/2030 35,763.75 35,763.75 01/12/2026 Coupon 59217GER6 1,115,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 1.875 01/11/2027 10,453.13 10,453.13
01/14/2026 Coupon 61690U8E3 1,950,000.00 MORGAN STANLEY BANK NA 4.968 07/14/2028 48,438.00 48,438.00 01/15/2026 Coupon 02582JKP4 1,420,000.00 AMXCA 2025-2 A 4.28 04/15/2030 5,064.67 5,064.67 01/15/2026 Coupon 05522RDH8 850,000.00 BACCT 2023-2 A 4.98 11/16/2026 3,527.50 3,527.50 01/15/2026 Coupon 05522RDJ4 785,000.00 BACCT 2024-1 A 4.93 05/15/2029 3,225.04 3,225.04 01/15/2026 Coupon 161571HV9 1,690,000.00 CHAIT 241 A 4.6 01/16/2029 6,478.33 6,478.33 01/15/2026 Coupon 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 2,298.60 2,298.60 01/15/2026 Principal Paydown 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 67,352.08 67,352.08 01/15/2026 Coupon 47800AAC4 138,229.02 JDOT 2022-B A3 3.74 02/16/2027 242.56 242.56 01/15/2026 Principal Paydown 47800AAC4 138,229.02 JDOT 2022-B A3 3.74 02/16/2027 27,853.98 27,853.98 01/15/2026 Coupon 47800BAC2 335,295.97 JDOT 2022-C A3 5.09 06/15/2027 1,049.30 1,049.30 01/15/2026 Principal Paydown 47800BAC2 335,295.97 JDOT 2022-C A3 5.09 06/15/2027 42,687.66 42,687.66 01/15/2026 Coupon 47800RAD5 500,000.00 JDOT 2024 A3 4.96 11/15/2028 2,066.67 2,066.67 01/15/2026 Principal Paydown 47800RAD5 500,000.00 JDOT 2024 A3 4.96 11/15/2028 37,771.86 37,771.86 01/15/2026 Coupon 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 3,834.42 3,834.42 295
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CONFIDENTIAL | 40
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/15/2026 Principal Paydown 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 45,914.24 45,914.24 01/15/2026 Coupon 756109CB8 1,463,000.00 REALTY INCOME CORP 4.0 07/15/2029 29,260.00 29,260.00 01/15/2026 Coupon 828807DK0 2,000,000.00 SIMON PROPERTY GROUP LP 2.65 07/15/2030 26,500.00 26,500.00 01/15/2026 Coupon 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 3,515.88 3,515.88 01/15/2026 Principal Paydown 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 67,457.98 67,457.98 01/15/2026 Coupon 92970QAJ4 1,365,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,936.75 4,936.75 01/16/2026 Coupon 362585AC5 34,070.08 GMCAR 2022-2 A3 3.1 02/16/2027 10.31 10.31 01/16/2026 Effective Maturity 362585AC5 34,070.08 GMCAR 2022-2 A3 3.1 02/16/2027 3,991.00 3,991.00 01/16/2026 Coupon 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 4,458.84 4,458.84 01/16/2026 Principal Paydown 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 63,058.10 63,058.10 01/16/2026 Coupon 57629WDE7 1,000,000.00 MASSMUTUAL GLOBAL FUNDING II 1.2 07/16/2026 6,000.00 6,000.00
01/19/2026 Coupon 437930AC4 535,000.00 HAROT 2024-2 A3 5.27 11/20/2028 2,311.27 2,311.27 01/19/2026 Principal Paydown 437930AC4 535,000.00 HAROT 2024-2 A3 5.27 11/20/2028 29,529.73 29,529.73 01/20/2026 Coupon 713448FX1 1,500,000.00 PEPSICO INC 4.5 07/17/2029 33,750.00 33,750.00 01/21/2026 Coupon 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 2,770.96 2,770.96 01/21/2026 Principal Paydown 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 40,007.77 40,007.77 01/23/2026 Coupon 06051GHM4 1,500,000.00 BANK OF AMERICA CORP 4.271 07/23/2029 32,032.50 32,032.50 01/23/2026 Coupon 46647PAV8 1,500,000.00 JPMORGAN CHASE & CO 4.203 07/23/2029 31,522.50 31,522.50 01/26/2026 Coupon 096919AD7 695,000.00 BMWOT 2024-A A3 5.18 02/26/2029 3,000.08 3,000.08 01/26/2026 Principal Paydown 096919AD7 695,000.00 BMWOT 2024-A A3 5.18 02/26/2029 24,876.78 24,876.78 01/26/2026 Coupon 3137BSP72 650,000.00 FHMS K-058 A2 2.653 08/25/2026 1,437.04 1,437.04 01/26/2026 Coupon 3137FBBX3 1,000,000.00 FHMS K-068 A2 3.244 08/25/2027 2,703.33 2,703.33 01/26/2026 Coupon 3137FKUP9 2,000,000.00 FHMS K-087 A2 3.771 12/25/2028 6,285.00 6,285.00 01/26/2026 Coupon 3137FKZZ2 2,550,000.00 FHMS K-088 A2 3.69 01/25/2029 7,841.25 7,841.25 01/26/2026 Coupon 3137FL6P4 1,288,000.00 FHMS K-089 A2 3.563 01/25/2029 3,824.29 3,824.29 01/26/2026 Coupon 3137FLN91 2,500,000.00 FHMS K-091 A2 3.505 03/25/2029 7,302.08 7,302.08 01/26/2026 Coupon 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 4,900.19 4,900.19 01/26/2026 Principal Paydown 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 2,190.33 2,190.33 01/26/2026 Coupon 3137FNAE0 2,200,000.00 FHMS K-095 A2 2.785 06/25/2029 5,105.83 5,105.83 01/26/2026 Coupon 3137FPHK4 1,600,000.00 FHMS K-098 A2 2.425 08/25/2029 3,233.33 3,233.33 01/26/2026 Coupon 3137FPJG1 1,500,000.00 FHMS K-099 A2 2.595 09/25/2029 3,243.75 3,243.75 296
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CONFIDENTIAL | 41
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/26/2026 Coupon 3137FRUT6 2,000,000.00 FHMS K-106 A2 2.069 01/25/2030 3,448.33 3,448.33 01/26/2026 Coupon 3137FTZQ3 1,500,000.00 FHMS K-110 A2 1.477 04/25/2030 1,846.25 1,846.25 01/26/2026 Coupon 3137H5YC5 2,000,000.00 FHMS K-748 A2 2.26 01/25/2029 3,766.67 3,766.67 January 2026 Total 452,691.50 390,695.90 843,387.40
FEBRUARY 2026
02/02/2026 Coupon 13063EGT7 1,740,000.00 CALIFORNIA STATE 4.5 08/01/2029 39,150.00 39,150.00 02/02/2026 Coupon 74340XBL4 1,500,000.00 PROLOGIS LP 4.375 02/01/2029 32,812.50 32,812.50 02/02/2026 Coupon 78016HZV5 2,000,000.00 ROYAL BANK OF CANADA 4.95 02/01/2029 49,500.00 49,500.00 02/02/2026 Coupon 91282CBH3 2,500,000.00 UNITED STATES TREASURY 0.375 01/31/2026 4,687.50 4,687.50 02/02/2026 Final Maturity 91282CBH3 2,500,000.00 UNITED STATES TREASURY 0.375 01/31/2026 2,500,000.00 2,500,000.00 02/02/2026 Coupon 91282CFB2 400,000.00 UNITED STATES TREASURY 2.75 07/31/2027 5,500.00 5,500.00 02/02/2026 Coupon 91282CGH8 3,000,000.00 UNITED STATES TREASURY 3.5 01/31/2028 52,500.00 52,500.00 02/02/2026 Coupon 91282CMG3 4,000,000.00 UNITED STATES TREASURY 4.25 01/31/2030 85,000.00 85,000.00 02/09/2026 Coupon 63743HFX5 1,000,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.95 02/07/2030 24,750.00 24,750.00
02/16/2026 Coupon 05522RDJ4 785,000.00 BACCT 2024-1 A 4.93 05/15/2029 3,225.04 3,225.04 02/16/2026 Coupon 161571HV9 1,690,000.00 CHAIT 241 A 4.6 01/16/2029 6,478.33 6,478.33 02/16/2026 Coupon 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 4,203.98 4,203.98 02/16/2026 Principal Paydown 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 62,380.30 62,380.30 02/16/2026 Coupon 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 1,994.96 1,994.96 02/16/2026 Principal Paydown 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 45,734.82 45,734.82 02/16/2026 Coupon 47800AAC4 138,229.02 JDOT 2022-B A3 3.74 02/16/2027 155.74 155.74 02/16/2026 Principal Paydown 47800AAC4 138,229.02 JDOT 2022-B A3 3.74 02/16/2027 23,276.42 23,276.42 02/16/2026 Coupon 47800BAC2 335,295.97 JDOT 2022-C A3 5.09 06/15/2027 868.23 868.23 02/16/2026 Principal Paydown 47800BAC2 335,295.97 JDOT 2022-C A3 5.09 06/15/2027 38,526.17 38,526.17 02/16/2026 Coupon 47800RAD5 500,000.00 JDOT 2024 A3 4.96 11/15/2028 1,910.54 1,910.54 02/16/2026 Principal Paydown 47800RAD5 500,000.00 JDOT 2024 A3 4.96 11/15/2028 30,278.68 30,278.68 02/16/2026 Coupon 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 3,606.77 3,606.77 02/16/2026 Principal Paydown 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 45,423.38 45,423.38 02/16/2026 Coupon 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 3,225.81 3,225.81 02/16/2026 Principal Paydown 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 66,536.04 66,536.04 02/17/2026 Coupon 02582JKP4 1,420,000.00 AMXCA 2025-2 A 4.28 04/15/2030 5,064.67 5,064.67 297
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CONFIDENTIAL | 42
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/17/2026 Coupon 05522RDH8 850,000.00 BACCT 2023-2 A 4.98 11/16/2026 3,527.50 3,527.50 02/17/2026 Coupon 171239AL0 1,750,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 40,687.50 40,687.50 02/17/2026 Coupon 30303M8S4 912,000.00 META PLATFORMS INC 4.3 08/15/2029 19,608.00 19,608.00 02/17/2026 Coupon 91324PDS8 2,000,000.00 UNITEDHEALTH GROUP INC 2.875 08/15/2029 28,750.00 28,750.00 02/17/2026 Coupon 92970QAJ4 1,365,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,936.75 4,936.75 02/18/2026 Coupon 437930AC4 535,000.00 HAROT 2024-2 A3 5.27 11/20/2028 2,181.59 2,181.59 02/18/2026 Principal Paydown 437930AC4 535,000.00 HAROT 2024-2 A3 5.27 11/20/2028 29,121.83 29,121.83 02/23/2026 Coupon 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 2,581.92 2,581.92 02/23/2026 Principal Paydown 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 39,377.19 39,377.19 02/25/2026 Coupon 096919AD7 695,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,892.70 2,892.70 02/25/2026 Principal Paydown 096919AD7 695,000.00 BMWOT 2024-A A3 5.18 02/26/2029 39,432.45 39,432.45 02/25/2026 Coupon 3137BSP72 650,000.00 FHMS K-058 A2 2.653 08/25/2026 1,437.04 1,437.04 02/25/2026 Coupon 3137FBBX3 1,000,000.00 FHMS K-068 A2 3.244 08/25/2027 2,703.33 2,703.33 02/25/2026 Coupon 3137FKUP9 2,000,000.00 FHMS K-087 A2 3.771 12/25/2028 6,285.00 6,285.00 02/25/2026 Coupon 3137FKZZ2 2,550,000.00 FHMS K-088 A2 3.69 01/25/2029 7,841.25 7,841.25 02/25/2026 Coupon 3137FL6P4 1,288,000.00 FHMS K-089 A2 3.563 01/25/2029 3,824.29 3,824.29 02/25/2026 Coupon 3137FLN91 2,500,000.00 FHMS K-091 A2 3.505 03/25/2029 7,302.08 7,302.08 02/25/2026 Coupon 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 4,894.75 4,894.75 02/25/2026 Principal Paydown 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 2,196.49 2,196.49 02/25/2026 Coupon 3137FNAE0 2,200,000.00 FHMS K-095 A2 2.785 06/25/2029 5,105.83 5,105.83 02/25/2026 Coupon 3137FPHK4 1,600,000.00 FHMS K-098 A2 2.425 08/25/2029 3,233.33 3,233.33 02/25/2026 Coupon 3137FPJG1 1,500,000.00 FHMS K-099 A2 2.595 09/25/2029 3,243.75 3,243.75 02/25/2026 Coupon 3137FRUT6 2,000,000.00 FHMS K-106 A2 2.069 01/25/2030 3,448.33 3,448.33 02/25/2026 Coupon 3137FTZQ3 1,500,000.00 FHMS K-110 A2 1.477 04/25/2030 1,846.25 1,846.25 02/25/2026 Coupon 3137H5YC5 2,000,000.00 FHMS K-748 A2 2.26 01/25/2029 3,766.67 3,766.67 February 2026
Total 2,922,283.77 484,731.93 3,407,015.70
MARCH 2026
03/02/2026 Coupon 743315AV5 1,500,000.00 PROGRESSIVE CORP 4.0 03/01/2029 30,000.00 30,000.00 03/02/2026 Coupon 91282CFH9 4,500,000.00 UNITED STATES TREASURY 3.125 08/31/2027 70,312.50 70,312.50 03/02/2026 Coupon 91282CGP0 3,700,000.00 UNITED STATES TREASURY 4.0 02/29/2028 74,000.00 74,000.00 03/02/2026 Coupon 91282CGQ8 4,500,000.00 UNITED STATES TREASURY 4.0 02/28/2030 90,000.00 90,000.00 298
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CONFIDENTIAL | 43
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/02/2026 Coupon 91282CLK5 3,500,000.00 UNITED STATES TREASURY 3.625 08/31/2029 63,437.50 63,437.50 03/02/2026 Coupon 91282CNX5 3,000,000.00 UNITED STATES TREASURY 3.625 08/31/2030 54,375.00 54,375.00 03/03/2026 Coupon 808513BY0 960,000.00 CHARLES SCHWAB CORP 2.45 03/03/2027 11,760.00 11,760.00 03/05/2026 Coupon 02665WFQ9 1,750,000.00 AMERICAN HONDA FINANCE CORP 4.4 09/05/2029 38,500.00 38,500.00
03/09/2026 Coupon 57636QAW4 945,000.00 MASTERCARD INC 4.875 03/09/2028 23,034.38 23,034.38 03/16/2026 Coupon 02582JKP4 1,420,000.00 AMXCA 2025-2 A 4.28 04/15/2030 5,064.67 5,064.67 03/16/2026 Coupon 05522RDH8 850,000.00 BACCT 2023-2 A 4.98 11/16/2026 3,527.50 3,527.50 03/16/2026 Coupon 05522RDJ4 785,000.00 BACCT 2024-1 A 4.93 05/15/2029 3,225.04 3,225.04 03/16/2026 Coupon 084664CZ2 1,615,000.00 BERKSHIRE HATHAWAY FINANCE CORP 2.3 03/15/2027 18,572.50 18,572.50
03/16/2026 Coupon 161571HV9 1,690,000.00 CHAIT 241 A 4.6 01/16/2029 6,478.33 6,478.33 03/16/2026 Coupon 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 3,951.86 3,951.86 03/16/2026 Principal Paydown 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 60,446.04 60,446.04 03/16/2026 Coupon 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 1,788.77 1,788.77 03/16/2026 Principal Paydown 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 51,707.81 51,707.81 03/16/2026 Coupon 47800AAC4 138,229.02 JDOT 2022-B A3 3.74 02/16/2027 83.20 83.20 03/16/2026 Principal Paydown 47800AAC4 138,229.02 JDOT 2022-B A3 3.74 02/16/2027 19,565.94 19,565.94 03/16/2026 Coupon 47800BAC2 335,295.97 JDOT 2022-C A3 5.09 06/15/2027 704.81 704.81 03/16/2026 Principal Paydown 47800BAC2 335,295.97 JDOT 2022-C A3 5.09 06/15/2027 33,521.82 33,521.82
03/16/2026 Coupon 47800RAD5 500,000.00 JDOT 2024 A3 4.96 11/15/2028 1,785.39 1,785.39 03/16/2026 Principal Paydown 47800RAD5 500,000.00 JDOT 2024 A3 4.96 11/15/2028 21,137.27 21,137.27 03/16/2026 Coupon 571748CA8 1,400,000.00 MARSH & MCLENNAN COMPANIES INC 4.65 03/15/2030 32,550.00 32,550.00
03/16/2026 Coupon 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 3,381.54 3,381.54 03/16/2026 Principal Paydown 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 44,092.77 44,092.77 03/16/2026 Coupon 58989V2D5 770,000.00 MET TOWER GLOBAL FUNDING 1.25 09/14/2026 4,812.50 4,812.50
03/16/2026 Coupon 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 2,939.70 2,939.70 03/16/2026 Principal Paydown 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 64,736.34 64,736.34 03/16/2026 Coupon 92970QAJ4 1,365,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,936.75 4,936.75 03/17/2026 Coupon 931142ER0 350,000.00 WALMART INC 1.05 09/17/2026 1,837.50 1,837.50 299
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CONFIDENTIAL | 44
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/18/2026 Coupon 437930AC4 535,000.00 HAROT 2024-2 A3 5.27 11/20/2028 2,053.70 2,053.70 03/18/2026 Principal Paydown 437930AC4 535,000.00 HAROT 2024-2 A3 5.27 11/20/2028 28,217.42 28,217.42 03/20/2026 Coupon 459058LR2 1,700,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 35,062.50 35,062.50
03/23/2026 Coupon 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 2,395.86 2,395.86 03/23/2026 Principal Paydown 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 38,201.28 38,201.28 03/25/2026 Coupon 096919AD7 695,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,722.48 2,722.48 03/25/2026 Principal Paydown 096919AD7 695,000.00 BMWOT 2024-A A3 5.18 02/26/2029 37,244.10 37,244.10 03/25/2026 Coupon 3137BSP72 650,000.00 FHMS K-058 A2 2.653 08/25/2026 1,437.04 1,437.04 03/25/2026 Coupon 3137FBBX3 1,000,000.00 FHMS K-068 A2 3.244 08/25/2027 2,703.33 2,703.33 03/25/2026 Coupon 3137FKUP9 2,000,000.00 FHMS K-087 A2 3.771 12/25/2028 6,285.00 6,285.00 03/25/2026 Coupon 3137FKZZ2 2,550,000.00 FHMS K-088 A2 3.69 01/25/2029 7,841.25 7,841.25 03/25/2026 Coupon 3137FL6P4 1,288,000.00 FHMS K-089 A2 3.563 01/25/2029 3,824.29 3,824.29 03/25/2026 Coupon 3137FLN91 2,500,000.00 FHMS K-091 A2 3.505 03/25/2029 7,302.08 7,302.08 03/25/2026 Coupon 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 4,889.29 4,889.29 03/25/2026 Principal Paydown 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 2,747.08 2,747.08 03/25/2026 Coupon 3137FNAE0 2,200,000.00 FHMS K-095 A2 2.785 06/25/2029 5,105.83 5,105.83 03/25/2026 Coupon 3137FPHK4 1,600,000.00 FHMS K-098 A2 2.425 08/25/2029 3,233.33 3,233.33 03/25/2026 Coupon 3137FPJG1 1,500,000.00 FHMS K-099 A2 2.595 09/25/2029 3,243.75 3,243.75 03/25/2026 Coupon 3137FRUT6 2,000,000.00 FHMS K-106 A2 2.069 01/25/2030 3,448.33 3,448.33 03/25/2026 Coupon 3137FTZQ3 1,500,000.00 FHMS K-110 A2 1.477 04/25/2030 1,846.25 1,846.25 03/25/2026 Coupon 3137H5YC5 2,000,000.00 FHMS K-748 A2 2.26 01/25/2029 3,766.67 3,766.67 03/26/2026 Coupon 40139LBJ1 1,205,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 25,178.48 25,178.48
03/31/2026 Coupon 91282CCZ2 1,400,000.00 UNITED STATES TREASURY 0.875 09/30/2026 6,125.00 6,125.00 03/31/2026 Coupon 91282CFM8 3,450,000.00 UNITED STATES TREASURY 4.125 09/30/2027 71,156.25 71,156.25 03/31/2026 Coupon 91282CKG5 2,300,000.00 UNITED STATES TREASURY 4.125 03/31/2029 47,437.50 47,437.50 03/31/2026 Coupon 91282CLN9 5,000,000.00 UNITED STATES TREASURY 3.5 09/30/2029 87,500.00 87,500.00 March 2026 Total 401,617.87 885,617.66 1,287,235.52
APRIL 2026
04/06/2026 Coupon 40139LBN2 1,500,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.327 10/06/2030 32,452.50 32,452.50
300
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CONFIDENTIAL | 45
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/09/2026 Coupon 3130B0TY5 1,875,000.00 FEDERAL HOME LOAN BANKS 4.75 04/09/2027 44,531.25 44,531.25 04/15/2026 Coupon 02582JKP4 1,420,000.00 AMXCA 2025-2 A 4.28 04/15/2030 5,064.67 5,064.67 04/15/2026 Coupon 05522RDH8 850,000.00 BACCT 2023-2 A 4.98 11/16/2026 3,527.50 3,527.50 04/15/2026 Coupon 05522RDJ4 785,000.00 BACCT 2024-1 A 4.93 05/15/2029 3,225.04 3,225.04 04/15/2026 Coupon 161571HV9 1,690,000.00 CHAIT 241 A 4.6 01/16/2029 6,478.33 6,478.33 04/15/2026 Coupon 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 1,555.65 1,555.65 04/15/2026 Principal Paydown 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 90,862.60 90,862.60 04/15/2026 Coupon 47800AAC4 138,229.02 JDOT 2022-B A3 3.74 02/16/2027 22.22 22.22 04/15/2026 Effective Maturity 47800AAC4 138,229.02 JDOT 2022-B A3 3.74 02/16/2027 7,128.91 7,128.91 04/15/2026 Coupon 47800BAC2 335,295.97 JDOT 2022-C A3 5.09 06/15/2027 562.62 562.62 04/15/2026 Principal Paydown 47800BAC2 335,295.97 JDOT 2022-C A3 5.09 06/15/2027 41,995.80 41,995.80 04/15/2026 Coupon 47800RAD5 500,000.00 JDOT 2024 A3 4.96 11/15/2028 1,698.02 1,698.02 04/15/2026 Principal Paydown 47800RAD5 500,000.00 JDOT 2024 A3 4.96 11/15/2028 26,189.24 26,189.24 04/15/2026 Coupon 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 3,162.92 3,162.92 04/15/2026 Principal Paydown 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 46,034.96 46,034.96 04/15/2026 Coupon 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 2,661.34 2,661.34 04/15/2026 Principal Paydown 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 63,394.22 63,394.22 04/15/2026 Coupon 91282CKJ9 2,300,000.00 UNITED STATES TREASURY 4.5 04/15/2027 51,750.00 51,750.00 04/15/2026 Coupon 92970QAJ4 1,365,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,936.75 4,936.75 04/16/2026 Coupon 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 3,707.55 3,707.55 04/16/2026 Principal Paydown 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 63,462.26 63,462.26 04/16/2026 Coupon 459058LN1 1,750,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 33,906.25 33,906.25
04/20/2026 Coupon 437930AC4 535,000.00 HAROT 2024-2 A3 5.27 11/20/2028 1,929.77 1,929.77 04/20/2026 Principal Paydown 437930AC4 535,000.00 HAROT 2024-2 A3 5.27 11/20/2028 29,258.52 29,258.52 04/20/2026 Coupon 4581X0DV7 2,460,000.00 INTER-AMERICAN DEVELOPMENT BANK 0.875 04/20/2026 10,762.50 10,762.50
04/20/2026 Final Maturity 4581X0DV7 2,460,000.00 INTER-AMERICAN DEVELOPMENT BANK 0.875 04/20/2026 2,460,000.00 2,460,000.00
04/21/2026 Coupon 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 2,215.36 2,215.36 04/21/2026 Principal Paydown 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 39,136.20 39,136.20 04/27/2026 Coupon 096919AD7 695,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,561.71 2,561.71 301
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CONFIDENTIAL | 46
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/27/2026 Principal Paydown 096919AD7 695,000.00 BMWOT 2024-A A3 5.18 02/26/2029 36,336.68 36,336.68 04/27/2026 Coupon 3137BSP72 650,000.00 FHMS K-058 A2 2.653 08/25/2026 1,437.04 1,437.04 04/27/2026 Coupon 3137FBBX3 1,000,000.00 FHMS K-068 A2 3.244 08/25/2027 2,703.33 2,703.33 04/27/2026 Coupon 3137FKUP9 2,000,000.00 FHMS K-087 A2 3.771 12/25/2028 6,285.00 6,285.00 04/27/2026 Coupon 3137FKZZ2 2,550,000.00 FHMS K-088 A2 3.69 01/25/2029 7,841.25 7,841.25 04/27/2026 Coupon 3137FL6P4 1,288,000.00 FHMS K-089 A2 3.563 01/25/2029 3,824.29 3,824.29 04/27/2026 Coupon 3137FLN91 2,500,000.00 FHMS K-091 A2 3.505 03/25/2029 7,302.08 7,302.08 04/27/2026 Coupon 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 4,882.46 4,882.46 04/27/2026 Principal Paydown 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 2,210.91 2,210.91 04/27/2026 Coupon 3137FNAE0 2,200,000.00 FHMS K-095 A2 2.785 06/25/2029 5,105.83 5,105.83 04/27/2026 Coupon 3137FPHK4 1,600,000.00 FHMS K-098 A2 2.425 08/25/2029 3,233.33 3,233.33 04/27/2026 Coupon 3137FPJG1 1,500,000.00 FHMS K-099 A2 2.595 09/25/2029 3,243.75 3,243.75 04/27/2026 Coupon 3137FRUT6 2,000,000.00 FHMS K-106 A2 2.069 01/25/2030 3,448.33 3,448.33 04/27/2026 Coupon 3137FTZQ3 1,500,000.00 FHMS K-110 A2 1.477 04/25/2030 1,846.25 1,846.25 04/27/2026 Coupon 3137H5YC5 2,000,000.00 FHMS K-748 A2 2.26 01/25/2029 3,766.67 3,766.67 04/30/2026 Coupon 91282CBW0 2,500,000.00 UNITED STATES TREASURY 0.75 04/30/2026 9,375.00 9,375.00 04/30/2026 Final Maturity 91282CBW0 2,500,000.00 UNITED STATES TREASURY 0.75 04/30/2026 2,500,000.00 2,500,000.00 04/30/2026 Coupon 91282CDG3 1,400,000.00 UNITED STATES TREASURY 1.125 10/31/2026 7,875.00 7,875.00 04/30/2026 Coupon 91282CLR0 3,000,000.00 UNITED STATES TREASURY 4.125 10/31/2029 61,875.00 61,875.00 April 2026 Total 5,406,010.31 350,756.59 5,756,766.90
MAY 2026
05/06/2026 Coupon 3133ERDS7 2,400,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 05/06/2027 57,000.00 57,000.00
05/07/2026 Coupon 57629TBX4 1,000,000.00 MASSMUTUAL GLOBAL FUNDING II 4.55 05/07/2030 22,750.00 22,750.00
05/12/2026 Coupon 023135BX3 1,875,000.00 AMAZON.COM INC 1.0 05/12/2026 9,375.00 9,375.00 05/12/2026 Final Maturity 023135BX3 1,875,000.00 AMAZON.COM INC 1.0 05/12/2026 1,875,000.00 1,875,000.00 05/14/2026 Coupon 14913UAL4 1,000,000.00 CATERPILLAR FINANCIAL SERVICES CORP 5.0 05/14/2027 25,000.00 25,000.00
05/15/2026 Coupon 02582JKP4 1,420,000.00 AMXCA 2025-2 A 4.28 04/15/2030 5,064.67 5,064.67 05/15/2026 Coupon 05522RDH8 850,000.00 BACCT 2023-2 A 4.98 11/16/2026 3,527.50 3,527.50 05/15/2026 Coupon 05522RDJ4 785,000.00 BACCT 2024-1 A 4.93 05/15/2029 3,225.04 3,225.04 302
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CONFIDENTIAL | 47
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/15/2026 Coupon 14913UAU4 1,200,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.7 11/15/2029 28,200.00 28,200.00
05/15/2026 Coupon 161571HV9 1,690,000.00 CHAIT 241 A 4.6 01/16/2029 6,478.33 6,478.33 05/15/2026 Coupon 3133EPC60 2,800,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.625 11/15/2027 64,750.00 64,750.00
05/15/2026 Coupon 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 1,146.02 1,146.02 05/15/2026 Principal Paydown 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 81,587.51 81,587.51 05/15/2026 Coupon 47800BAC2 335,295.97 JDOT 2022-C A3 5.09 06/15/2027 384.49 384.49 05/15/2026 Principal Paydown 47800BAC2 335,295.97 JDOT 2022-C A3 5.09 06/15/2027 35,836.42 35,836.42 05/15/2026 Coupon 47800RAD5 500,000.00 JDOT 2024 A3 4.96 11/15/2028 1,589.77 1,589.77 05/15/2026 Principal Paydown 47800RAD5 500,000.00 JDOT 2024 A3 4.96 11/15/2028 25,250.71 25,250.71 05/15/2026 Coupon 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 2,934.66 2,934.66 05/15/2026 Principal Paydown 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 39,956.80 39,956.80 05/15/2026 Coupon 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 2,388.74 2,388.74 05/15/2026 Principal Paydown 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 55,879.53 55,879.53 05/15/2026 Coupon 91282CKR1 3,200,000.00 UNITED STATES TREASURY 4.5 05/15/2027 72,000.00 72,000.00 05/15/2026 Coupon 91324PEC2 1,035,000.00 UNITEDHEALTH GROUP INC 1.15 05/15/2026 5,951.25 5,951.25 05/15/2026 Final Maturity 91324PEC2 1,035,000.00 UNITEDHEALTH GROUP INC 1.15 05/15/2026 1,035,000.00 1,035,000.00 05/15/2026 Coupon 92970QAJ4 1,365,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,936.75 4,936.75 05/18/2026 Coupon 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 3,451.06 3,451.06
05/18/2026 Principal Paydown 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 60,899.48 60,899.48 05/18/2026 Coupon 437930AC4 535,000.00 HAROT 2024-2 A3 5.27 11/20/2028 1,801.28 1,801.28 05/18/2026 Principal Paydown 437930AC4 535,000.00 HAROT 2024-2 A3 5.27 11/20/2028 28,100.40 28,100.40 05/21/2026 Coupon 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 2,030.44 2,030.44 05/21/2026 Principal Paydown 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 37,667.63 37,667.63 05/25/2026 Coupon 096919AD7 695,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,404.86 2,404.86 05/25/2026 Principal Paydown 096919AD7 695,000.00 BMWOT 2024-A A3 5.18 02/26/2029 34,877.59 34,877.59 05/25/2026 Coupon 3137BSP72 650,000.00 FHMS K-058 A2 2.653 08/25/2026 1,437.04 1,437.04 05/25/2026 Coupon 3137FBBX3 1,000,000.00 FHMS K-068 A2 3.244 08/25/2027 2,703.33 2,703.33 05/25/2026 Coupon 3137FKUP9 2,000,000.00 FHMS K-087 A2 3.771 12/25/2028 6,285.00 6,285.00 05/25/2026 Coupon 3137FKZZ2 2,550,000.00 FHMS K-088 A2 3.69 01/25/2029 7,841.25 7,841.25 05/25/2026 Coupon 3137FL6P4 1,288,000.00 FHMS K-089 A2 3.563 01/25/2029 3,824.29 3,824.29 303
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CONFIDENTIAL | 48
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/25/2026 Coupon 3137FLN91 2,500,000.00 FHMS K-091 A2 3.505 03/25/2029 7,302.08 7,302.08 05/25/2026 Coupon 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 4,876.97 4,876.97 05/25/2026 Principal Paydown 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 2,397.61 2,397.61 05/25/2026 Coupon 3137FNAE0 2,200,000.00 FHMS K-095 A2 2.785 06/25/2029 5,105.83 5,105.83 05/25/2026 Coupon 3137FPHK4 1,600,000.00 FHMS K-098 A2 2.425 08/25/2029 3,233.33 3,233.33 05/25/2026 Coupon 3137FPJG1 1,500,000.00 FHMS K-099 A2 2.595 09/25/2029 3,243.75 3,243.75 05/25/2026 Coupon 3137FRUT6 2,000,000.00 FHMS K-106 A2 2.069 01/25/2030 3,448.33 3,448.33 05/25/2026 Coupon 3137FTZQ3 1,500,000.00 FHMS K-110 A2 1.477 04/25/2030 1,846.25 1,846.25 05/25/2026 Coupon 3137H5YC5 2,000,000.00 FHMS K-748 A2 2.26 01/25/2029 3,766.67 3,766.67 May 2026 Total 3,312,453.68 381,304.00 3,693,757.68
JUNE 2026
06/01/2026 Coupon 91282CFZ9 850,000.00 UNITED STATES TREASURY 3.875 11/30/2027 16,468.75 16,468.75 06/03/2026 Coupon 66815L2W8 1,000,000.00 NORTHWESTERN MUTUAL GLOBAL FUNDING

4.6 06/03/2030 23,000.00 23,000.00
06/05/2026 Coupon 64952WFK4 1,365,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 31,395.00 31,395.00
06/08/2026 Coupon 64952WFG3 1,000,000.00 NEW YORK LIFE GLOBAL FUNDING 5.0 06/06/2029 25,000.00 25,000.00
06/15/2026 Coupon 02582JKP4 1,420,000.00 AMXCA 2025-2 A 4.28 04/15/2030 5,064.67 5,064.67 06/15/2026 Coupon 05522RDH8 850,000.00 BACCT 2023-2 A 4.98 11/16/2026 3,527.50 3,527.50 06/15/2026 Coupon 05522RDJ4 785,000.00 BACCT 2024-1 A 4.93 05/15/2029 3,225.04 3,225.04 06/15/2026 Coupon 161571HV9 1,690,000.00 CHAIT 241 A 4.6 01/16/2029 6,478.33 6,478.33
06/15/2026 Coupon 437076BY7 1,663,000.00 HOME DEPOT INC 2.95 06/15/2029 24,529.25 24,529.25 06/15/2026 Coupon 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 778.19 778.19 06/15/2026 Principal Paydown 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 78,486.61 78,486.61 06/15/2026 Coupon 47800BAC2 335,295.97 JDOT 2022-C A3 5.09 06/15/2027 232.49 232.49 06/15/2026 Principal Paydown 47800BAC2 335,295.97 JDOT 2022-C A3 5.09 06/15/2027 29,090.46 29,090.46 06/15/2026 Coupon 47800RAD5 500,000.00 JDOT 2024 A3 4.96 11/15/2028 1,485.41 1,485.41 06/15/2026 Principal Paydown 47800RAD5 500,000.00 JDOT 2024 A3 4.96 11/15/2028 22,793.08 22,793.08 06/15/2026 Coupon 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 2,736.54 2,736.54 06/15/2026 Principal Paydown 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 39,390.34 39,390.34 06/15/2026 Coupon 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 2,148.46 2,148.46 304
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City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/15/2026 Principal Paydown 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 54,977.60 54,977.60 06/15/2026 Coupon 91282CJP7 2,500,000.00 UNITED STATES TREASURY 4.375 12/15/2026 54,687.50 54,687.50 06/15/2026 Coupon 92970QAJ4 1,365,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,936.75 4,936.75 06/16/2026 Coupon 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 3,204.92 3,204.92 06/16/2026 Principal Paydown 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 59,962.56 59,962.56 06/18/2026 Coupon 437930AC4 535,000.00 HAROT 2024-2 A3 5.27 11/20/2028 1,677.87 1,677.87 06/18/2026 Principal Paydown 437930AC4 535,000.00 HAROT 2024-2 A3 5.27 11/20/2028 27,582.63 27,582.63 06/18/2026 Coupon 89236TJK2 1,385,000.00 TOYOTA MOTOR CREDIT CORP 1.125 06/18/2026 7,790.63 7,790.63
06/18/2026 Final Maturity 89236TJK2 1,385,000.00 TOYOTA MOTOR CREDIT CORP 1.125 06/18/2026 1,385,000.00 1,385,000.00
06/22/2026 Coupon 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 1,852.46 1,852.46 06/22/2026 Principal Paydown 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 31,324.03 31,324.03 06/25/2026 Coupon 096919AD7 695,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,254.30 2,254.30 06/25/2026 Principal Paydown 096919AD7 695,000.00 BMWOT 2024-A A3 5.18 02/26/2029 34,320.70 34,320.70 06/25/2026 Coupon 3137BSP72 650,000.00 FHMS K-058 A2 2.653 08/25/2026 1,437.04 1,437.04 06/25/2026 Coupon 3137FBBX3 1,000,000.00 FHMS K-068 A2 3.244 08/25/2027 2,703.33 2,703.33 06/25/2026 Coupon 3137FKUP9 2,000,000.00 FHMS K-087 A2 3.771 12/25/2028 6,285.00 6,285.00 06/25/2026 Coupon 3137FKZZ2 2,550,000.00 FHMS K-088 A2 3.69 01/25/2029 7,841.25 7,841.25 06/25/2026 Coupon 3137FL6P4 1,288,000.00 FHMS K-089 A2 3.563 01/25/2029 3,824.29 3,824.29
06/25/2026 Coupon 3137FLN91 2,500,000.00 FHMS K-091 A2 3.505 03/25/2029 7,302.08 7,302.08 06/25/2026 Coupon 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 4,871.01 4,871.01 06/25/2026 Principal Paydown 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 2,224.01 2,224.01 06/25/2026 Coupon 3137FNAE0 2,200,000.00 FHMS K-095 A2 2.785 06/25/2029 5,105.83 5,105.83 06/25/2026 Coupon 3137FPHK4 1,600,000.00 FHMS K-098 A2 2.425 08/25/2029 3,233.33 3,233.33 06/25/2026 Coupon 3137FPJG1 1,500,000.00 FHMS K-099 A2 2.595 09/25/2029 3,243.75 3,243.75 06/25/2026 Coupon 3137FRUT6 2,000,000.00 FHMS K-106 A2 2.069 01/25/2030 3,448.33 3,448.33 06/25/2026 Coupon 3137FTZQ3 1,500,000.00 FHMS K-110 A2 1.477 04/25/2030 1,846.25 1,846.25 06/25/2026 Coupon 3137H5YC5 2,000,000.00 FHMS K-748 A2 2.26 01/25/2029 3,766.67 3,766.67 06/25/2026 Coupon 437076DC3 1,000,000.00 HOME DEPOT INC 4.75 06/25/2029 23,750.00 23,750.00 06/30/2026 Coupon 91282CEW7 3,250,000.00 UNITED STATES TREASURY 3.25 06/30/2027 52,812.50 52,812.50 06/30/2026 Coupon 91282CGC9 2,750,000.00 UNITED STATES TREASURY 3.875 12/31/2027 53,281.25 53,281.25 305
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City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/30/2026 Coupon 91282CKX8 2,000,000.00 UNITED STATES TREASURY 4.25 06/30/2029 42,500.00 42,500.00 06/30/2026 Coupon 91282CMD0 4,400,000.00 UNITED STATES TREASURY 4.375 12/31/2029 96,250.00 96,250.00 06/30/2026 Coupon 91282CNK3 2,500,000.00 UNITED STATES TREASURY 3.875 06/30/2030 48,437.50 48,437.50 June 2026 Total 1,765,152.01 594,413.49 2,359,565.50
JULY 2026
07/07/2026 Coupon 24422EXZ7 1,430,000.00 JOHN DEERE CAPITAL CORP 4.65 01/07/2028 33,247.50 33,247.50 07/09/2026 Coupon 89236TNA9 1,445,000.00 TOYOTA MOTOR CREDIT CORP 4.95 01/09/2030 35,763.75 35,763.75 07/13/2026 Coupon 59217GER6 1,115,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 1.875 01/11/2027 10,453.13 10,453.13
07/14/2026 Coupon 61690U8E3 1,950,000.00 MORGAN STANLEY BANK NA 4.968 07/14/2028 48,438.00 48,438.00 07/15/2026 Coupon 02582JKP4 1,420,000.00 AMXCA 2025-2 A 4.28 04/15/2030 5,064.67 5,064.67 07/15/2026 Coupon 05522RDH8 850,000.00 BACCT 2023-2 A 4.98 11/16/2026 3,527.50 3,527.50 07/15/2026 Coupon 05522RDJ4 785,000.00 BACCT 2024-1 A 4.93 05/15/2029 3,225.04 3,225.04 07/15/2026 Coupon 161571HV9 1,690,000.00 CHAIT 241 A 4.6 01/16/2029 6,478.33 6,478.33 07/15/2026 Coupon 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 424.35 424.35 07/15/2026 Principal Paydown 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 76,174.25 76,174.25 07/15/2026 Coupon 47800BAC2 335,295.97 JDOT 2022-C A3 5.09 06/15/2027 109.09 109.09 07/15/2026 Effective Maturity 47800BAC2 335,295.97 JDOT 2022-C A3 5.09 06/15/2027 25,719.72 25,719.72 07/15/2026 Coupon 47800RAD5 500,000.00 JDOT 2024 A3 4.96 11/15/2028 1,391.19 1,391.19 07/15/2026 Principal Paydown 47800RAD5 500,000.00 JDOT 2024 A3 4.96 11/15/2028 23,322.52 23,322.52 07/15/2026 Coupon 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 2,541.23 2,541.23 07/15/2026 Principal Paydown 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 38,716.87 38,716.87 07/15/2026 Coupon 756109CB8 1,463,000.00 REALTY INCOME CORP 4.0 07/15/2029 29,260.00 29,260.00 07/15/2026 Coupon 828807DK0 2,000,000.00 SIMON PROPERTY GROUP LP 2.65 07/15/2030 26,500.00 26,500.00 07/15/2026 Coupon 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 1,912.06 1,912.06 07/15/2026 Principal Paydown 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 53,952.41 53,952.41 07/15/2026 Coupon 92970QAJ4 1,365,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,936.75 4,936.75 07/16/2026 Coupon 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 2,962.58 2,962.58 07/16/2026 Principal Paydown 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 58,867.26 58,867.26 07/16/2026 Coupon 57629WDE7 1,000,000.00 MASSMUTUAL GLOBAL FUNDING II 1.2 07/16/2026 6,000.00 6,000.00
306
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CONFIDENTIAL | 51
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/16/2026 Final Maturity 57629WDE7 1,000,000.00 MASSMUTUAL GLOBAL FUNDING II 1.2 07/16/2026 1,000,000.00 1,000,000.00
07/17/2026 Coupon 713448FX1 1,500,000.00 PEPSICO INC 4.5 07/17/2029 33,750.00 33,750.00 07/20/2026 Coupon 437930AC4 535,000.00 HAROT 2024-2 A3 5.27 11/20/2028 1,556.74 1,556.74 07/20/2026 Principal Paydown 437930AC4 535,000.00 HAROT 2024-2 A3 5.27 11/20/2028 27,004.15 27,004.15 07/21/2026 Coupon 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 1,704.46 1,704.46 07/21/2026 Principal Paydown 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 30,652.66 30,652.66 07/23/2026 Coupon 06051GHM4 1,500,000.00 BANK OF AMERICA CORP 4.271 07/23/2029 32,032.50 32,032.50 07/23/2026 Coupon 46647PAV8 1,500,000.00 JPMORGAN CHASE & CO 4.203 07/23/2029 31,522.50 31,522.50 07/27/2026 Coupon 096919AD7 695,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,106.15 2,106.15 07/27/2026 Principal Paydown 096919AD7 695,000.00 BMWOT 2024-A A3 5.18 02/26/2029 33,676.85 33,676.85 07/27/2026 Coupon 3137BSP72 650,000.00 FHMS K-058 A2 2.653 08/25/2026 1,437.04 1,437.04 07/27/2026 Principal Paydown 3137BSP72 650,000.00 FHMS K-058 A2 2.653 08/25/2026 316,373.38 316,373.38 07/27/2026 Coupon 3137FBBX3 1,000,000.00 FHMS K-068 A2 3.244 08/25/2027 2,703.33 2,703.33 07/27/2026 Coupon 3137FKUP9 2,000,000.00 FHMS K-087 A2 3.771 12/25/2028 6,285.00 6,285.00 07/27/2026 Coupon 3137FKZZ2 2,550,000.00 FHMS K-088 A2 3.69 01/25/2029 7,841.25 7,841.25 07/27/2026 Coupon 3137FL6P4 1,288,000.00 FHMS K-089 A2 3.563 01/25/2029 3,824.29 3,824.29 07/27/2026 Coupon 3137FLN91 2,500,000.00 FHMS K-091 A2 3.505 03/25/2029 7,302.08 7,302.08 07/27/2026 Coupon 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 4,865.48 4,865.48 07/27/2026 Principal Paydown 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 2,409.80 2,409.80 07/27/2026 Coupon 3137FNAE0 2,200,000.00 FHMS K-095 A2 2.785 06/25/2029 5,105.83 5,105.83 07/27/2026 Coupon 3137FPHK4 1,600,000.00 FHMS K-098 A2 2.425 08/25/2029 3,233.33 3,233.33 07/27/2026 Coupon 3137FPJG1 1,500,000.00 FHMS K-099 A2 2.595 09/25/2029 3,243.75 3,243.75 07/27/2026 Coupon 3137FRUT6 2,000,000.00 FHMS K-106 A2 2.069 01/25/2030 3,448.33 3,448.33 07/27/2026 Coupon 3137FTZQ3 1,500,000.00 FHMS K-110 A2 1.477 04/25/2030 1,846.25 1,846.25 07/27/2026 Coupon 3137H5YC5 2,000,000.00 FHMS K-748 A2 2.26 01/25/2029 3,766.67 3,766.67 07/31/2026 Coupon 91282CFB2 400,000.00 UNITED STATES TREASURY 2.75 07/31/2027 5,500.00 5,500.00 07/31/2026 Coupon 91282CGH8 3,000,000.00 UNITED STATES TREASURY 3.5 01/31/2028 52,500.00 52,500.00 07/31/2026 Coupon 91282CMG3 4,000,000.00 UNITED STATES TREASURY 4.25 01/31/2030 85,000.00 85,000.00 July 2026 Total 1,686,869.88 522,810.16 2,209,680.04
AUGUST 2026
08/03/2026 Coupon 13063EGT7 1,740,000.00 CALIFORNIA STATE 4.5 08/01/2029 39,150.00 39,150.00 307
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City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/03/2026 Coupon 74340XBL4 1,500,000.00 PROLOGIS LP 4.375 02/01/2029 32,812.50 32,812.50 08/03/2026 Coupon 78016HZV5 2,000,000.00 ROYAL BANK OF CANADA 4.95 02/01/2029 49,500.00 49,500.00 08/07/2026 Coupon 63743HFX5 1,000,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.95 02/07/2030 24,750.00 24,750.00
08/17/2026 Coupon 02582JKP4 1,420,000.00 AMXCA 2025-2 A 4.28 04/15/2030 5,064.67 5,064.67 08/17/2026 Coupon 05522RDH8 850,000.00 BACCT 2023-2 A 4.98 11/16/2026 3,527.50 3,527.50 08/17/2026 Coupon 05522RDJ4 785,000.00 BACCT 2024-1 A 4.93 05/15/2029 3,225.04 3,225.04 08/17/2026 Coupon 161571HV9 1,690,000.00 CHAIT 241 A 4.6 01/16/2029 6,478.33 6,478.33 08/17/2026 Coupon 171239AL0 1,750,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 40,687.50 40,687.50 08/17/2026 Coupon 30303M8S4 912,000.00 META PLATFORMS INC 4.3 08/15/2029 19,608.00 19,608.00 08/17/2026 Coupon 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 2,724.65 2,724.65 08/17/2026 Principal Paydown 36268GAD7 1,310,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 57,256.95 57,256.95 08/17/2026 Coupon 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 80.93 80.93 08/17/2026 Effective Maturity 44934FAD7 610,000.00 HALST 2024-B A3 5.41 05/17/2027 17,950.95 17,950.95 08/17/2026 Coupon 47800RAD5 500,000.00 JDOT 2024 A3 4.96 11/15/2028 1,294.79 1,294.79 08/17/2026 Principal Paydown 47800RAD5 500,000.00 JDOT 2024 A3 4.96 11/15/2028 24,000.50 24,000.50 08/17/2026 Coupon 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 2,349.26 2,349.26 08/17/2026 Principal Paydown 58769FAC9 915,551.72 MBART 2023-2 A3 5.95 11/15/2028 37,702.08 37,702.08 08/17/2026 Coupon 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 1,680.06 1,680.06 08/17/2026 Principal Paydown 89231FAD2 1,033,485.85 TAOT 2023-C A3 5.16 04/17/2028 52,537.18 52,537.18 08/17/2026 Coupon 91324PDS8 2,000,000.00 UNITEDHEALTH GROUP INC 2.875 08/15/2029 28,750.00 28,750.00 08/17/2026 Coupon 92970QAJ4 1,365,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,936.75 4,936.75 08/18/2026 Coupon 437930AC4 535,000.00 HAROT 2024-2 A3 5.27 11/20/2028 1,438.15 1,438.15 08/18/2026 Principal Paydown 437930AC4 535,000.00 HAROT 2024-2 A3 5.27 11/20/2028 26,230.92 26,230.92 08/21/2026 Coupon 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 1,559.62 1,559.62 08/21/2026 Principal Paydown 438123AC5 704,600.12 HAROT 2023-4 A3 5.67 06/21/2028 29,776.98 29,776.98 08/25/2026 Coupon 096919AD7 695,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,960.78 1,960.78 08/25/2026 Principal Paydown 096919AD7 695,000.00 BMWOT 2024-A A3 5.18 02/26/2029 32,752.32 32,752.32 08/25/2026 Coupon 3137BSP72 650,000.00 FHMS K-058 A2 2.653 08/25/2026 737.59 737.59 08/25/2026 Final Maturity 3137BSP72 650,000.00 FHMS K-058 A2 2.653 08/25/2026 333,626.62 333,626.62 08/25/2026 Coupon 3137FBBX3 1,000,000.00 FHMS K-068 A2 3.244 08/25/2027 2,703.33 2,703.33 08/25/2026 Coupon 3137FKUP9 2,000,000.00 FHMS K-087 A2 3.771 12/25/2028 6,285.00 6,285.00 308
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CONFIDENTIAL | 53
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/25/2026 Coupon 3137FKZZ2 2,550,000.00 FHMS K-088 A2 3.69 01/25/2029 7,841.25 7,841.25 08/25/2026 Coupon 3137FL6P4 1,288,000.00 FHMS K-089 A2 3.563 01/25/2029 3,824.29 3,824.29 08/25/2026 Coupon 3137FLN91 2,500,000.00 FHMS K-091 A2 3.505 03/25/2029 7,302.08 7,302.08 08/25/2026 Coupon 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 4,859.50 4,859.50 08/25/2026 Principal Paydown 3137FMCR1 1,978,803.56 FHMS K-093 A2 2.982 05/25/2029 2,237.15 2,237.15 08/25/2026 Coupon 3137FNAE0 2,200,000.00 FHMS K-095 A2 2.785 06/25/2029 5,105.83 5,105.83 08/25/2026 Coupon 3137FPHK4 1,600,000.00 FHMS K-098 A2 2.425 08/25/2029 3,233.33 3,233.33 08/25/2026 Coupon 3137FPJG1 1,500,000.00 FHMS K-099 A2 2.595 09/25/2029 3,243.75 3,243.75 08/25/2026 Coupon 3137FRUT6 2,000,000.00 FHMS K-106 A2 2.069 01/25/2030 3,448.33 3,448.33 08/25/2026 Coupon 3137FTZQ3 1,500,000.00 FHMS K-110 A2 1.477 04/25/2030 1,846.25 1,846.25 08/25/2026 Coupon 3137H5YC5 2,000,000.00 FHMS K-748 A2 2.26 01/25/2029 3,766.67 3,766.67 August 2026 Total 614,071.66 325,775.75 939,847.40
Grand Total 731,889,036.57 23,170,338.35 5,271,227.35 28,441,565.70 309
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CONFIDENTIAL | 54
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

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

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

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

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

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

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

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

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

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

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest. 310
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CONFIDENTIAL | 55
City of Cupertino | Account #10659 | As of September 30, 2025 Execution Time: 10/02/2025 02:55:32 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

BENCHMARK INDEX & DISCLOSURES
Benchmark Disclosure
ICE BofA 1-5 Yr US Treasury & Agency
Index
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies. 311
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CITY OF CUPERTINO
Agenda Item
25-14396 Agenda Date:
10/21/2025 Agenda #:

12. Subject: Approve the July 1, 2025, through June 30, 2028, Memorandum of Understanding setting the salary and terms and conditions of employment for the Cupertino City Employees’ Association (CEA)/IFPTE Local 21.

1. Adopt Resolution 25-088 amending the Memorandum of Understanding (MOU) for the Cupertino City Employees’ Association (CEA)/IFPTE Local 21 based on the attached tentative agreements; and

2. Approve the corresponding Salary Schedule for CEA employees effective July 12, 2025; and

3. Adopt Resolution 25-089 to approve budget modification 2526-413 increasing appropriations by $605,061 ensuring that there are sufficient budget appropriations to cover the costs associated with the negotiated contracts.

CITY OF CUPERTINO Printed on 10/15/2025Page 1 of 1
powered by Legistar™
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ADMINISTRATIVE SERVICES DEPARTMENT

CITY HALL
10300 TORRE AVENUE • CUPERTINO, CA 95014-3255
TELEPHONE: (408) 777-3220 • FAX: (408) 777-3109
CUPERTINO.GOV

CITY COUNCIL STAFF REPORT
Date: October 21, 2025
Subject
Approve the July 1, 2025, through June 30, 2028, Memorandum of Understanding setting the salary and terms and conditions of employment for the Cupertino City Employees’ Association (CEA)/IFPTE Local 21.

Recommended Action

1. Adopt the Draft Resolution 25-XXX amending the Memorandum of Understanding (MOU) for the Cupertino City Employees ’ Association (CEA)/IFPTE Local 21 based on the attached tentative agreements; and

2. Approve the corresponding Salary Schedule for CEA employees effective July 12, 2025; and

3. Adopt the Draft Resolution 25 -XXX to approve budget modification 25 26-413 increasing appropriations by $ 605,061 ensuring that there are sufficient budget appropriations to cover the costs associated with the negotiated contracts.

Background
The City has reached a tentative agreement with the Cupertino City Employees’ Association (CEA)/IFPTE Local 21 . The negotiated package is within City Council parameters for the Fiscal Years (FY) 202 5 - 2028. Key provisions of the tentative labor agreements are summarized below:

 Term – 3 years, July 1, 2025 through June 30, 2028
 Cost of Living adjustments (COLAs): retroactive to the first full pay period after July 1, 2025, a 5.0% salary increase. Effective the first full pay period after July 1, 2026, a

3.0% salary increase. Effective the first full pay period after July 1, 2027, a 3.0% salary increase; and
 A one-time $1,000 non-pensionable lump sum payment; and  Effective July 1, 2025, for each participating employee, the City shall contribute toward premium cost the following amount per month du ring the term of this agreement.
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July 1, 2025 City Max Health
Contribution
City Max Dental
Contribution
City Total Max
Contribution
Employee $1,112.90 $114.30 $1,227.20
Employee + 1 $2,225.80 $114.30 $2,340.10
Employee + 2 $2,893.54 $114.30 $3,007.84

 With regards to any change in the monthly medical plan premium charged by CalPERS in the plan years subsequent to 2025 (specifically, the CalPERS healthcare rate increases effective January 1, 2026, January 1, 2027 and January 1, 2028), the City’s maximum contributions shall be tied to the CalPERS Kaiser Permanente plan increases and shall be capped at no more than 20% of any such total increase in aggregate during the course of this 2025 – 2028 MOU. Any required contribution amounts exceeding the premium contribution of the City are the responsibility of the employee.

Title 2 of the California Code of Regulations, section 570.5, requires that the pay schedule of every CalPERS agency be approved and adopted by the agency's governing body pursuant to publi c meeting law. The City's Salary Schedule s for CEA employees is attached for the Council's review and approval, effective July 12, 2025.

Reasons for Recommendation and Available Options
Based on the findings outlined above, staff recommends Council approve the July 1, 2025, through June 30, 2028, Memorandum of Understanding setting the salary and terms and conditions of employment for the Cupertino City Employees’ Association (CEA)/IFPTE Local 21.

Sustainability Impact
No sustainability impact.

Fiscal Impact
For CEA, the City will incur an additional cost of $605,061 in the first year (FY2025 -26), an additional cost of $896,239 in the second year (FY 2026 -27) and an additional cost of $1,469,897 in the third year for a total of $2,971,197 in ongoing costs (starting FY 2027-28).

A budget adjustment (recommended action #3) for increased costs in the first year is recommended for your consideration at tonight’s meeting . At the time of the adopted budget, costs related to the labor contracts w ere unknown and not included in the adopted budget.

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Costs for these changes to the compensation programs are summarized in the table below:

City Work Program (CWP) Item/Description
None
Council Goal:

None
California Environmental Quality Act
No California Environmental Quality Act impact.
_____________________________________
Prepared by: Vanessa Guerra, Human Resources Manager
Reviewed by: Kristina Alfaro, Director of Administrative Services Floy Andrews, Interim City Attorney
Approved for Submission by: Tina Kapoor, Interim City Manager Attachments:

A – September 18, 2025 CEA Signed Tentative Agreement
B – CEA – MOU (Clean)
C – CEA – MOU (Redline)
D – Section 14 Safety Footwear Agreement Signed
E – Draft Resolution CEA Local 21 MOU
F – Draft Resolution for Budget Modification

Year 1 Costs Year 2 Costs Year 3 Costs Total Costs
GENERAL FUND 489,995$ 712,489$ 1,165,568$ 2,368,052$ ALL OTHER FUNDS 115,066$ 183,750$ 304,329$ 603,145$ Total Costs 605,061$ 896,239$ 1,469,897$ 2,971,197$ 315
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MEMORANDUM OF UNDERSTANDING

City of Cupertino

And

IFPTE Local 21,
Cupertino Employees’ Association (CEA)

July 1, 2025 – June 30, 2028

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Table of Contents

Category Section Page Number

No Discrimination 1

Association Rights 2

Management Rights 3

Salary Schedule 4

Out of Classification & Acting Pay 5

Bilingual Pay Differential 6

Hours of Work – Overtime 7

Call Back Pay

Stretch Assignments

8 9

Contracting Out

Facilities Closure
10 11

PERS Contribution 12

Insurance Coverage 13

Safety Footwear

Holidays
14 15

Workers Compensation Benefits 16

Vacation 17

Sick Leave 18

Sick Leave Verification 19

Bereavement Leave 20

Military Leave 21

Pregnancy Disability Leave 22

Adoption Leave 23

Catastrophic Leave 24

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Absence Notification 25

Family Medical Leave Act 26

Education Reimbursement Program 27

City Sponsored Recreation Programs 28

Due Process

Grievance Procedure
29 30

Layoff Procedure 31

Reinstatement 32

Continuation of Benefits 33

Telecommuting / Remote Work 34

Separability 35

Ratification 36

Reopener 37

Term 38

Total Compensation Surveys 39

Salary Schedule

Exhibit A

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MEMORANDUM OF UNDERSTANDING

BETWEEN

CITY OF CUPERTINO
AND
IFPTE LOCAL 21, CUPERTINO CITY EMPLOYEES’ ASSOCIATION

This is a three (3) year agreement, entered into the first full pay period after Association ratification and adoption by the City Council of this successor MOU and ending on June 30, 2028 between the City of Cupertino, hereinafter referred to as "City", and representatives of IFPTE Local 21 Cupertino City Employees’ Association, hereinafter referred to as "Association", pursuant to California Government Code 3500 et seq., and the City Employer - Employee Relations Policy (Cupertino Municipal Code 2.52.280 et seq.). The Association is the recognized sole and exclusive representative. This agreement represents the full and integrated agreement reached between the parties.

The Association may select not more than five (5) employees of which no more than two (2) may be from the same City department to be members of the CEA bargaining team for the purpose of negotiating a successor memorandum of understanding (MOU). The Association shall provide the City with the names of the selected successor MOU bargaining team within thirty (30) days of the first day of negotiations.

Classifications in the Association:

Account Clerk I
Account Clerk II
Assistant Engineer
Assistant Housing Coordinator
Assistant Planner
Associate Civil Engineer
Associate Planner
Building Inspector
Case Manager
Code Enforcement Officer
Community Outreach Specialist
Engineering Technician
Environmental Compliance Technician
Environmental Programs Assistant
Environmental Programs Specialist
Facility Attendant
GIS Technician
Multimedia Communication Specialist
Office Assistant
Permit Technician
Plan Check Engineer
Public Works Inspector
Receptionist/Clerk
Recreation Assistant
Recreation Coordinator
Senior Building Inspector
Senior Code Enforcement Officer
Senior Engineering Technician
Senior Office Assistant
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Senior Planner
Senior Traffic Technician
Special Programs Coordinator
Traffic Signal Tech-Apprentice
Traffic Signal Technician
Traffic Technician

SECTION 1: NO DISCRIMINATION

In accordance with the City of Cupertino Equal Employment Opportunity policy, the City will afford equal opportunity to all qualified employees, applicants and unpaid interns as to all terms and conditions of employment, including compensation, hiring, training, promotion, transfer, discipline, and termination, without regard to race, color, religion, political affiliation, national origin, sex (including gender, gender identity, gender expression, transgender, pregnancy and breastfeeding) , disability, sexual orientation (including heterosexuality, homosexuality and bisexuality) , age, ancestry, citizenship status, uniformed service member status, marital status, medical condition, genetic information or characteristics, or for Association activity or any other basis protected by law.

SECTION 2: ASSOCIATION RIGHTS

The City and the CEA recognize the right of employees to form, join, and participate in lawful activities of employee organizations and the equal, alternative right of employees to refuse to form, join, and participate in employee organizations. Neither party shall discriminate against an employee in the exercise of these alternative rights. Accordingly, membership in the CEA shall not be compulsory.

2.1 Automatic Payroll Deduction and Remittance
Upon certification by CEA that an employee has signed a deduction authorization, the City will deduct the appropriate dues from the employee's pay, as established and as may be changed from time to time by CEA, and remit such dues to CEA. Employee requests to cancel or change deductions must be directed to CEA rather than to the City. An employee wishing to cancel or change deductions must mail a written revocation to CEA in accordance with the terms of the authorization form, or absent any such terms, by mailing a written revocation to CEA that is postmarked during the thirty {30) day period immediately prior to the annual anniversary date on which the employee signed the original authorization form. Deductions will continue unless and until the City is notified by CEA of any requested changes.

2.2 Access to New Employees

The Employer shall provide CEA written notice of, and access to, new employee orientation as set forth below.

A. Notice: The Employer shall provide at least 10 days’ written notice by email, to addresses that CEA shall provide, of any new employee orientation for positions in a CEA-represented classification, where information regarding employment status, rights, benefits, duties, responsibilities, or any other employment-related matter is provided. Less than ten (10) days’ written notice may be provided where there is an urgent need critical to the City’s operations that was not reasonably foreseeable. 323
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B. Access: CEA shall notify the new employee and labor relations of a proposed thirty minute time slot, during normal working hours, for a maximum of two representatives, which may be either CEA members or IFPTE Local 21 affiliate representatives, to meet privately with the new employee. The purpose of the meeting shall be to provide information and communicate to its member the rights and obligations created by the contract and the role of the representative, and to answer questions, without management personnel or any other persons present. One representative may be a bargaining unit member, and any such bargaining unit member shall be on without- loss-of-pay status provided the member gives his/her supervisor sufficient advance notice.

1. For reasons of operational necessity only, the Employer may notify CEA that the proposed time is unworkable and that CEA must propose an alternate time.

C. Information Exchange: Within thirty (30) days of hiring a new employee, or by the first pay period of the month following hire, the employer will provide IFPTE Local 21 with the below listed information in a digital or other usable data format:
1) Name
2) Job Title
3) Department
4) Work Location
5) Telephone number(s) [work, home and personal cellular] 6) Personal email address on file with employer
7) Home address of the new hire
Similarly, the City of Cupertino will also provide CEA with the above detailed information for all employees within the bargaining unit at least every ninety (90) calendar days in a digital or other usable data format.

The above information shall not be provided to CEA if the new hire or current employee within the bargaining unit makes a written request to opt out of such disclosure. Upon written request of the employee, the City will not disclose the employee’s home address, home telephone number, personal cellular telephone number, or personal email address to CEA, in accordance with Cal. Gov. Code Section 6254.3(c).

D. The ability to have a CEA representative present as part of orientation/onboarding shall not result in a delay of an employee’s start date.

E. Resolution of the above language satisfies the City’s bargaining obligations under AB 119, Government Code Section 3555-3559.

2.3 Hold Harmless
CEA shall indemnify and hold the City harmless from any and all claims, demands, suits, or any other action arising from the maintenance of dues deductions or from complying with any demand for termination hereunder, provided that the City promptly provide notice to CEA of any claim, demand, suit, or other action for which it is seeking indemnification. 324
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CEA shall certify to the City of Cupertino that the Association has received and will maintain an authorization, signed by each individual employee from whose salary or wages a deduction or reduction is to be made. CEA will maintain individual employee authorizations, and shall not be required to provide a copy of an individual authorization to the City unless a dispute arises about the existence or terms of the authorization. CEA shall indemnify the City for any claims made by an employee for deductions made in reliance on that certification.

2.4 Administrative Processing of CEA Dues

CEA shall provide the City with a thirty day advance written notice of any changes in the annual dues deduction amounts. CEA, which has affiliated with IFPTE Local 21, AFL -CIO shall provide the City with instructions regarding dues deductions to be remitted to IFPTE Local 21.

2.5 Reasonable Time Off to Meet and Confer

As a representative of a recognized employee organization, CEA Board members may be selected to attend scheduled meetings with City representatives on subjects within the scope of representation during regular work hours without loss of compensation. For contract negotiations, CEA may select not more than six employee members to attend bargaining sessions. Where circumstances warrant, Human Resources may approve the attendance of additional employee representatives without loss of compensation, at either labor negotiations or Labor Management Committee, or other meet and confer meetings.

2.6 Stewards

CEA may designate a reasonable number of employees to represent other employees in disciplinary or grievance matters and to investigate matters within the scope of representation. CEA shall provide written notice to the City of the designated stewards and shall notify the City of any changes to the list. Stewards shall conduct their representation activities on their own time and on the employee’s own time unless it is an emergency situation, which would still require approval from the appropriate supervisor or manager in order to leave the job site. Time off without loss of compensation shall be allowed for management approved meetings. Unless authorized, only one steward shall be released on work time to attend such meetings for any one grievance, discipline, or representation matter.

2.7 Activities on City premises

Representatives of CEA shall be granted reasonable access to employee work locations to investigate matters relating to employer-employee relations, unless such access to given work locations would constitute a safety hazard or would interfere with the operations of the City. CEA/IFPTE Local 21 field representatives shall not enter a work location without first advising the department head or Human Resources office.

SECTION 3: MANAGEMENT RIGHTS

Consistent with the MMBA, it is the exclusive right of the City of Cupertino to direct its employees; take disciplinary action for proper cause; relieve its employees from duty because of lack of work or for other legitimate reason; classify and reclassify positions; and determine the methods, means, and personnel by which the City’s operations are to be conducted. Any of the rights, powers and authority the City had prior to entering into this Agreement are 325
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retained by the City except as expressly provided in this section.

While exercising its rights pursuant to the section, the City agrees to meet and confer with CEA representatives over matters within the statutory scope of bargaining.

SECTION 4: SALARY SCHEDULE

For all bargaining unit members, employed with the City as of July 2, 2025, and retroactive to the first full pay period after July 1, 2025, a 5.0% salary increase will be added to the salary range of each classification in this bargaining unit. Employees must be an active employee at the time of the retroactive payout in order to receive said retroactive pay to the first full pay period after July 1, 2025.

Effective the first full pay period after July 1, 2026, a 3.0% salary increase will be added to the salary range of each classification in this bargaining unit.

Effective the first full pay period after July 1, 2027, a 3.0% salary increase will be added to the salary range of each classification in this bargaining unit.

The City will pay all bargaining unit members, employed with the City as of July 2, 2025, a one-time, non-pensionable lump sum of $1,000, which shall be subject to all applicable payroll tax and withholding. The parties agree that this one -time payment shall not be PERSable (i.e. counted towards base salary or final compensation for CalPERS retirement calculation).

Payment shall be made through payroll following the City Council’s approval of a successor MOU. Employees must be an active employee at the time of the retroactive payout in order to receive said $1,000 lump-sum payment.

SECTION 5: OUT-OF-CLASSIFICATION AND ACTING PAY

Temporary assignment, approved in advance by the department head, to a classification in a higher pay grade shall be compensated at the Step 1 rate of the higher classification, or at a rate five percent greater than that of the regular position, but not more than the maximum step of the higher class, whichever is greater, for the number of hours so assigned . In order to
qualify for Out-Of-Classification pay, an employee shall work a minimum of 4 hours per day in the temporary assignment. An employee may be assigned to work out of class in a higher classification when there is a vacant position for which a recruitment is being, or will be, conducted. Out of class assignments may not exceed 960 hours in a fiscal year.

Compensation for work performed in an out-of-class capacity is included for purposes of calculating CalPERS compensation, however, this is at the discretion of CalPERS and future changes to CalPERS regulations would supersede the language of this section.

An employee may receive acting pay for working in a higher classification where a vacancy does not exist, in the case of an incumbent being on vacation or leave of absence, or due to the employee being asked to perform higher level work on any other temporary basis. Acting pay is not included for purposes of calculating CalPERS compensation.

The higher rate of pay shall be used in computing overtime when authorized overtime is worked in a non-exempt, out of class or acting work assignment. When a non-exempt employee is working out of class or acting in an exempt position for 20 hours or more in a work week, the employee will be ineligible to receive overtime pay for any and all hours worked in the exempt classification during that work week. 326
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All requests for out of class pay or acting pay must be approved by the Director of Administrative Services or his/her designee.

SECTION 6: BILINGUAL PAY DIFFERENTIAL

An employee must have taken and passed the required language proficiency test(s) prior to being asked to use bilingual skills for City work. An employee who performs bilingual work as approved by their supervisor is eligible to receive a 7.5% bilingual pay differential only for the work time during which the employee uses bilingual skills. For payroll reporting purposes, the 7.5% bilingual pay differential will be recorded with a 15 minute minimum. Bilingual pay is not available retroactively to passing the exam.

SECTION 7: HOURS OF WORK: OVERTIME

7.1 Hours of Work Defined

Hours worked shall include all time assigned by employer whether such hours are worked in the City’s work place, or in some other place where the employee is carrying out the duties of the City.

The normal work week shall be 40 hours in seven days with two consecutive days off .

Alternate Work Schedules (AWS) may be considered, including 9/80 and 4/10, but must be approved in advance by the Department Head. The City reserves the right to re-evaluate such approvals if the Alternate Work Schedule results in an undue burden to the City.

7.2 Overtime

Overtime shall be defined as any work in excess of 40 hours in a seven day work period.

Holidays and paid time off shall count toward the accumulation of the work week.

Overtime work for the City by an employee shall be authorized in advance by the department head or their designee. In the event of unforeseen circumstances, overtime shall be approved after the work is completed.

7.3 Schedules

It will be a management responsibility to schedule the hours of work for each employee covered by this agreement. Except in unforeseen circumstances, changes in employee’s hours of work will be made after ten days prior notice.

7.4 Rest Periods and Meal Breaks

Each employee shall be granted a rest period of fifteen minutes during each work period of more than three hours duration. No wage deduction shall be made nor time off charged against employees taking authorized rest periods, nor shall any rights or overti me be accrued for rest periods not taken.

All employees shall be required to take an uninterrupted, unpaid meal period of a minimum of 30 minutes and a maximum of 60 minutes at or about the midpoint of their work day. The length of the meal period and the time the meal period is taken shall be agreed to between the employee and their supervisor or department head, based on operational necessities.

Employees are entirely relieved of responsibilities and restrictions during their meal period, 327
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unless they are assigned, in writing, to work an on-duty meal period, which will be treated as paid time. Employees may not use the meal break to reduce their regular daily work schedule, unless previously approved by their supervisor.

7.5 Payment of Overtime

All approved overtime work performed by employees shall be paid at the rate of one and one-half (1 1/2) times the normal rate of pay. Work performed on regularly scheduled days off, City Holidays or during an employee’s scheduled vacation shall be considered to be overtime and paid accordingly.

7.6 Compensatory Time Off (CTO)

At the employee ’s discretion, compensatory time off may be granted for overtime worked at the rate of time and one -half for each hour worked in lieu of compensation in cash.

Employees, who have previously earned compensatory time, shall be allowed to schedule compensatory time off at dates of the employee’s selection provided that prior supervisory approval has been obtained.

CTO time may be accrued for up to 80 hours per calendar year.

Any CTO earned
exceeding 80 hours will be paid at the rate of time and one-half. An employee may carry over the unused balance into the next calendar year . Any unused carryover balance will be automatically paid out at the end of the calendar year.

An employee may exercise his/her option two times each calendar year to convert any/or all accumulated compensatory time to cash.

7.7 Leave Accruals

An employee shall not accrue leave credits (vacation, sick leave) during a pay period if off without pay for more than 40 hours during said pay period.

SECTION 8: CALL BACK PAY

If an employee is required to report for emergency or other duties during the employee’s off - duty hours, the employee will be compensated at a rate of time and one half their base hourly rate for all hours worked, including necessary travel time.

SECTION 9: STRETCH ASSIGNMENTS

As part of the City’s Succession Development program, association members may be eligible for voluntary “stretch assignments”. Stretch Assignments differ from work out of class or acting assignments, and serve to prepare employees for future promotional opportunities within the City. Examples of stretch assignments include shadowing management staff; assisting with special projects or tasks; and cross-departmental training opportunities. Stretch assignments are voluntary and receive no additional compensation. Stretch assignments may be requested by employees, or offered by department management staff; however, such assignments should not impact the employee’s regular workload or position and should not result in overtime hours. Stretch assignments are offered solely at the discretion of management and are not grievable. Stretch assignments shall not be utilized to cover the 328
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work of an unfilled position or to cover work assignments of an employee on leave.

SECTION 10: CONTRACTING OUT

If contracting out bargaining unit work to outside contractors would result in layoff of bargaining unit members, the elimination of a bargaining unit position, or a permanent reduction in the hours worked by current bargaining unit employees, then the City shall meet the following requirements:
1) The City will give CEA notice of at least sixty (60) days before the effective date of the outside contract.
2) Within such sixty (60) day period, CEA will have the opportunity to meet and confer on the impact of the contracting out on bargaining unit employees, and an opportunity to propose alternative ways in which such services could continue to be provided by the City workforce or alternate possibilities for cost savings. Nothing in this section shall be construed to limit the rights of the City to contract out work under the terms and conditions of this section.

Nothing in this section shall be construed to limit the rights of the City to enter into temporary contracts (less than one year) or contracts to fill an immediate need (such as a vacant position).

SECTION 11: FACILITIES CLOSURE

City facilities* will be closed from December 24 through January 1, of each year during the term of the contract only.

Employees may use vacation, CTO, floating holiday, administrative leave, or leave without pay for work time missed during the closure week. With Supervisor and Department Head prior approval, an employee may opt to work during the facility closure.

*The Sports Center and Blackberry Farm Golf Course may remain open on facilities closure days staffed by part-time employees

SECTION 12: PUBLIC EMPLOYEES RETIREMENT (PERS) CONTRIBUTION

Effective in the first full pay period in July 2017, each employee in the 2.7% at 55 Classic formula shall pay the full eight percent (8.0%) of applicable PERSable salary towards the full employee share of CalPERS pension contribution.

B. For employees hired by the City of Cupertino on December 30, 2012 or on December 31, 2012 or a current CalPERS employee who qualifies as a classic member under CalPERS Regulations Only.

For employees hired by the City of Cupertino on December 30, 2012 or on December 31, 2012 or a current CalPERS employee who qualifies as a classic member under CalPERS Regulations only the City has contracted with CalPERS for a 2.0% @ 60 retirement formula based on a three year average compensation.

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Effective October, 2016, the City shall not pay the employee’s contribution share to the California Public Employees Retirement System (CalPERS) and each employee shall pay the full seven percent (7.0%) of applicable PERSable salary towards the employee’s contribution share of CalPERS pension under this formula.

C. For employees hired by the City of Cupertino on of after January 1, 2013, or former CalPERS employees that do not qualify as Classic employees hired by the City of Cupertino on or after January 1, 2013 Only

For employees hired by the City of Cupertino on or after January 1, 2013 , CalPERS has by statute implemented a 2% @ 62 formula based on a three year average compensation.

Employees in this category shall pay 50% of the normal cost rate as determined by CalPERS.

SECTION 13: INSURANCE COVERAGE

13.1. Health - Medical and Dental Insurance

City agrees to pay an amount as set forth herein for medical coverage for employee and dependents through the Meyers-Geddes State Employees Medical and Hospital Care Act. For each participating employee, the City shall contribute the maximum toward premium cost per month for health and dental during the term of this agreement as follows:

Effective July 1, 2025, for each participating employee, the City shall contribute toward premium cost the following amount per month during the term of this agreement.

With regards to any change in the monthly medical plan premium charged by CalPERS in the plan years subsequent to 2025 (specifically, the CalPERS healthcare rate increases effective January 1, 2026, January 1, 2027 and January 1, 2028), the City’s maximum contributions shall be tied to the CalPERS Kaiser Permanente plan increases and shall be capped at no more than 20% of any such total increase in aggregate during the course of this 2025 – 2028 MOU. Any required contribution amounts exceeding the premium contribution of the City are the responsibility of the employee.

Effective July 1, 2010, employees that retire or resign from service with the City of Cupertino and who are not eligible for retiree medical benefits as defined in the Summary of Benefits can continue on the Cupertino medical and dental plans provided that they pay the premiums in full.

The City reserves the right of selection and administration as to deferred compensation plan(s).

If during the term of this agreement, modifications are made to the Federal tax code which would result in any of the medical insurance provided be subject to taxation, the contract 330
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will be re-opened for the purposes of adjusting the salary and medical benefits so long as it does not result in an increase or decrease in the total compensation.

If during the term of this agreement, new medical plans are identified that will be beneficial to the City and CEA, the contract will be reopened to discuss these plan options.

Health deductions for employee payments towards PEMHCA premiums shall occur on a bi-monthly basis consistent with CalPERS required PEMHCA payment schedule.

13.2 Health In-Lieu Payments

City agrees to pay a monthly amount of three hundred seventy- five ($375.00) per month to bargaining unit employee who can demonstrate that they have equivalent health coverage through their spouse, parent, or other group coverage and who request this cash payment in lieu of health insurance coverage.

13.3 Life Insurance
City shall provide life insurance and accidental death and dismemberment coverage for each employee in the amount of two and one half times annual salary to a maximum benefit of $250,000. Employees may be eligible to purchase additional life insurance subj ect to the provisions of the insurance policy.

13.4 Short Term and Long Term Disability Insurance

CEA employees will participate in California State Disability Insurance (SDI) . SDI weekly benefits are determined by the State of California and information is available on the State of California Employment Development Department website. Employees may use leave banks to supplement lost salary during the 7 day elimination period. Bargaining unit members shall pay the cost of CA SDI, which will be deducted from their biweekly paychecks. Until full enrollment in CA SDI becomes effective, bargaining unit members will co ntinue to be covered by the current Short Term Disability plan during the transition. Integration of SDI with the City’s current Short Term Disability plan will be in accordance with SDI rules and regulations.

The City shall provide Long Term Disability (LTD) insurance for employees. LTD income protection coverage shall be up to $7,000 of covered monthly salary. Employees may use sick leave and/or vacation leave to supplement lost salary during the 90 day elimination period.

13.5 Vision Care Insurance

The City shall provide Vision Care Insurance for employees and their dependents at a cost of $14.94 monthly.

SECTION 14: SAFETY FOOTWEAR

The City shall provide safety footwear at a cost not to exceed $400 annually, for the bargaining unit classifications of Building Inspector , Public Works Inspector , Traffic Signal Technician, Code Enforcement Officer, and Senior Code Enforcement Officer . The City will 331
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provide employees with a list of approved vendors and footwear, and will be billed directly by the vendor for payment. Any cost exceeding $400 will be borne by the employee.

SECTION 15: HOLIDAYS

15.1 Fixed Holidays

The City shall provide the following fixed paid (8 Hour) holidays for eligible employees covered by this agreement:

1. New Year’s Day 10. Veteran’s Day

2. Martin Luther King Day 11. Thanksgiving Day

3. President’s Day

4. Lunar New Year

5. Cesar Chavez Day

12. Day following Thanksgiving

13. Christmas Eve

14. Christmas Day

6. Memorial Day

7. Juneteenth

15. New Year’s Eve

8. Independence Day

9. Labor Day

When a holiday falls on a Saturday, the preceding Friday shall be observed as the non- work day. When a holiday falls on a Sunday, the following Monday shall be observed as the non-work day.

Nothing contained herein shall preclude the right of the department head with the approval of the Appointing Authority to reschedule work assignments or hours of work to meet emergency situations and other administrative necessities caused by the observance of a holiday or non- work day or period; provided, however, that all such affected employees are duly compensated for said rescheduled work assignments.

15.2 Floating Holidays

In addition to the foregoing paid holidays, eligible employees shall earn 20 hours of holiday leave per year that may be used in increments of no less than one quarter of an hour.

Floating holiday leave shall be earned at a rate of .77 hours per pay period. Floating holiday leave may be accumulated up to 40 hours. Floating holiday leave shall be taken at the discretion of the employee subject to prior supervisory approval.

15.3 Holiday Pay

In order for an employee to receive his/her regular pay for a holiday or designated non- work day, work must be performed on the regular scheduled day before and the regular scheduled day after the holiday or designated non- work day. Employees on vacation, injury leave, approved short term leave of absence, with or without pay, or who submit satisfactory evidence of personal illness shall be considered as working their regular schedule for pay purposes.

SECTION 16: WORKERS COMPENSATION BENEFITS

Any employee sustaining an injury arising out of or in the course of the performance of his/her job and who cannot work at the duties and responsibilities normally assigned to that job is entitled to receive Workers’ Compensation as prescribed by State law. 332
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16.1 Use of Sick Leave to Supplement Workers’ Compensation Payments

Any employee entitled to receive Workers’ Compensation payments may elect to supplement such payments with an amount not to exceed that which is the employee’s weekly earnings or weekly earning capacity by use of sick leave payments to the extent that such sick leave has been accrued to the employee’s account.

16.2 Use of Sick Leave for Industrial Injury Medical Appointments

An employee who is required to see a physician regarding a work-related injury during regularly scheduled work hours may use sick leave credits for appointment(s). If the medical appointment is scheduled during the last hour of the regularly scheduled work day an employee will not be required to use sick leave credits for said appointment. The last hour provision shall be limited to one time during any Monday through Friday work period.

SECTION 17: VACATION

All bargaining unit employees shall accrue vacation credit. Accrued vacation credits may be taken with prior supervisory approval.

Benefited full -time employees accrue vacation in accordance with the following schedule. Benefited employees who work less than a full-time work schedule accrue vacation in accordance with the following schedule on a pro-rated basis.

Service Time Annual Accruals Maximum Accrual
0 - 3 Years 80 Hours 160 Hours
4 - 9 Years 120 Hours 240 Hours
10 – 14 Years 160Hours 272 Hours
15 – 19 Years 176Hours 320 Hours
20 + Years 192Hours 352 Hours
An employee may accrue no more vacation credit than what is listed above.

Upon termination of employment, unused vacation may not be used to extend the final employment date beyond the annual accrual rate being earned. Any request to use accrued vacation hours beyond the last day of work must be submitted in writing, approved by the employee’s supervisor like all other vacation requests, and is irrevocable.

Represented employees may convert, up to two times per calendar year, unused vacation time for payment subject to the following conditions:

1. The employee must have a minimum of 120 hours of accrued vacation immediately prior to a conversion.

2. Any payment for accrued vacation hours will be subject to taxes as determined by law.

3. Minimum exchange will be one day. Maximum exchange will be ten days.

4. All exchanges are irrevocable.

5. A maximum of 80 hours of accrued vacation may be converted for pay during a calendar year.

SECTION 18: SICK LEAVE

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All full time employees hired before October 17, 2012 ( other than those holding temporary status ), shall earn eight (8) hours per month sick leave time without limit on accumulation. All employees hired on or after October 17, 2012 shall earn eight (8) hours per month of sick leave time, but may accrue no more than 240 hours of sick leave time.

Those regular employees working less than full time (at least 20 hours per week) shall earn a pro -rated amount of sick leave based on their regular hours worked in relation to 40 hours. Sick leave may be utilized due to the employee’s personal illness, injury, pregnancy disability or sickness or injury to the immediate family.

The employee’s immediate family consists of the following: children, stepchildren, spouse/domestic partner, parents, mother -in-law, father -in-law, siblings, grandchildren and grandparents who because of illness cannot care for themselves, and for medical emergencies .

Employees shall, whenever possible, make appointments for medical, dental and similar purposes during non- work hours. If this is not possible, sick leave may be used for these purposes.

With proper notification, sick leave shall be taken in periods of no less than one -half hour increments.

18.1 Sick Leave Conversion. Any employee hired before October 17, 2012, who is retiring, will have the option of applying any remaining sick leave to service credit. If an employee is resigning, he/she will not have the option of applying sick leave hours to service credit.

18.2 Sick leave is not vested under California statutory law.

18.3 Employees hired before October 17, 2012 shall have the option of cashing out sick leave in accordance with Section 18.4 and 18.5.

18.4 If upon retirement the qualifying employee has a minimum of 320 non- vested hours, payment shall be made for up to eighty-five percent (85%) of the value of the bank at the employee’s discretion.

18.5 If upon resignation the qualifying employee has a minimum of 320 non- vested hours, payment shall be made for up to seventy percent (70%) of the value of the bank at the employee’s discretion.

18.6 Represented employees will have the option, subject to approval of the department head, of converting sick leave to vacation leave on a two- to-one basis only if the employee’s remaining sick leave balance is 40 hours or more. The maximum allowable exchang e will be 96 hours of sick time for 48 hours of vacation leave per calendar year. The minimum exchange will be 8 hours sick leave for 4 hours of vacation.

An employee may convert sick leave in excess of 320 hours to vacation leave on a one- to-one basis with a maximum of 48 hours and a minimum of 4 hours and may convert up to an additional 32 hours on the basis of one hour of sick leave to 0.7 hour of vacation leave. The conversion of sick leave in excess of 320 hours to vacation leave as described herein is limited to no more than a total of 80 hours per calendar year.

As a condition of converting sick leave to vacation, all employees will be required to use at least one-half of the vacation accrued during the previous twelve months. 334
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Such conversion either to exchange sick leave for vacation or vice versa shall be subject to the following conditions:

a. All requests to exchange sick leave for vacation time shall be submitted in writing to the department head at least fourteen (14) calendar days in advance of intended vacation utilization.

b. If twelve (12) months have elapsed since approval of the exchange of sick leave for vacation, and the employee has not been permitted the use of the converted vacation time, (after submitting at least one written request for utilization) the employee will have the right to re -convert the vacation time to sick leave in reverse ratio to the original exchange. This exchange will be allowed only for previously converted sick time to vacation and will not be permitted for regularly accrued vacation time.

NOTE: As used in this document, "reverse ratio" is intended to mean that the ratio of sick leave to vacation will revert to the original ratio at the time the initial exchange was implemented.

SECTION 19: SICK LEAVE VERIFICATION

A Department Head or supervisor may at their discretion require employees to furnish reasonable acceptable evidence, including a doctor’s certificate, to substantiate a request for sick leave if the sick leave exceeds three (3) consecutive workdays. A sup ervisor may also require a doctor’s certificate or other form of verification where leave abuse is suspected. If it appears that an employee is abusing sick leave or is using sick leave excessively, the employee will be counseled that the continued use of sick leave may result in a requirement to furnish a medical certificate for each such subsequent absence for sick leave regardless of duration.

Continued abuse of leave or excessive use of sick leave may constitute grounds for discipline up to and including dismissal.

SECTION 20: BEREAVEMENT LEAVE

Employees shall be granted paid bereavement leave of up to 24 hours upon the death of a close relative. Close relatives are defined as mother, father, sister, brother, wife, husband, domestic partner, child, step- child, grandparent, grandchildren, mother -in-law and father -in- law. Additional bereavement leave of up to 16 hours will be granted for travel out of state or over 200 miles. An employee may request bereavement leave for the death of an individual not listed above and whom they have a close and significant relation with and/or hours greater than 24, but not more than 40, which Human Resources can grant at their discretion. A denial under this section shall not be subject to the grievance procedure.

SECTION 21: MILITARY LEAVE

Military leave shall be granted in accordance with the provision of State and Federal law. All employees entitled to military leave shall give their supervisor an opportunity within the limits of military requirements, to determine when such leave shall be taken.

SECTION 22: PREGNANCY DISABILITY LEAVE

An employee disabled by pregnancy is eligible for up to four months of unpaid pregnancy 335
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disability leave (PDL) as defined by law. This leave is to be used when the employee is disabled due to pregnancy or child birth or related medical condition, including but not limited to, morning sickness, pregnancy complications and prenatal appointment s. Accrued sick leave may be used during the leave, and the employee has the option to use accrued vacation, floating holidays and/or compensatory time in order to receive pay during the leave. If the employee is also eligible for leave under the Federal Family Medical Leave Act (FMLA), (employee must be employed by the City for at least one year and have worked at least 1250 hours during the year preceding the leave) the leave the employee takes for pregnancy disability will be run concurrently with the employee’s entitlement to up to 12 weeks of FMLA leave. Employees otherwise eligible for health insurance benefits (medical, dental and vision) will continue to receive such benefits during the period of the PDL leave up to four months as defined by law per 12 month period.

After PDL and FMLA leave, if applicable, expires and if the employee is on unpaid status or the employee has less than 20 hours per week on their timesheet, the employee may elect to continue and enroll in COBRA benefits at employee’s expense.

The employee will be accruing sick leave, floating holiday and vacation leave during the period of time, if any, the employee is in paid status. Any time the employee’s hours adjust to less than 40 hours per week, however of paid status, the employee’s ac crual rates (sick leave, vacation leave, floating holiday) will be prorated and be adjusted accordingly. Sick leave,
floating holiday and vacation leave do not continue to accrue during any period the employee is on unpaid status.

Under the California Family rights Act (CFRA) eligible employees are entitled up to 12 additional weeks of leave to bond with the baby. To be eligible for the CFRA bonding leave, employee must be employed by the City for at least one year and have worked at least 1250 hours during the year preceding the leave. The leave is unpaid, but the employee may use floating holiday, compensatory time and vacation leave in order to receive pay during the leave.

The employee may use sick leave for a baby’s illness or doctor’s appointment when applicable to receive pay during the leave. Bonding leave must be used within one year of the birth of the baby.

An employee who plans to take PDL must give reasonable notice (not less than 4 weeks if anticipated or as soon as possible if the leave is unforeseen) before the date employee expects to take the leave. As with all other employees returning from medical l eave, employees returning from PDL leave of at least 3 days are required to provide a doctor’s note clearing them to return to work. If an employee requires reasonable accommodations as a result of pregnancy, employee should consult with Human Resources. Employees disabled by pregnancy and employees on leave to bond with a baby may be eligible for benefits under State Disability Insurance. Additional information is available at www.edd.ca.gov/Disabililty and from Human Resources.

SECTION 23: ADOPTION LEAVE

Upon request, a leave of absence without pay for up to four (4) work weeks will be granted to adoptive parents. Such leave must be used within one year of the adoption. The city will pay health and welfare benefits for the duration of the leave as the same rate as prior to the leave consistent with the contributions as provided for under the existing MOU.

If the employee is eligible for FMLA/CFRA (employed by the city for at least one year and worked at least 1250 hours during the year preceding the leave), employee may be eligible for 336
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up to 12 work weeks total (the above four (4) work weeks plus an additional eight (8) work weeks) for bonding with the adopted child during the first year after adoption. The employee may be eligible for health benefits during the twelve (12) work week period at the same rate as prior to the leave as provided for under the existing MOU.

During adoption leave, accrued vacation may be used by the employee at his or her option in order to receive pay during the leave. Sick leave may only be used during the leave in the event of illness or medical appointments of the adoptive child during the leave.

SECTION 24: CATASTROPHIC LEAVE

a. The City’s Catastrophic Leave Committee will evaluate each individual case when it is submitted to qualify to receive funds. The only limitation is that the employee must be the one facing the illness . The committee has the right to establish standards for the granting of leave hours, and ask the applicant to submit further documentation from the treating physician, and to determine the applicant’s eligibility for catastrophic leave hours.
b. All benefited employees will be eligible to receive assistance. An employee does not have to be a contributor to be eligible.
c. A recipient must have used all of their available leave hours before he/she is eligible. d. The maximum amount is seven (7) days (State Disability Insurance becomes available at this time).
e. Vacation hours and compensating time off (CTO) hours are the only leave of absence credits which may be donated. An employee may not donate leave of absence credits which would reduce his/her total accrued leave balances to less than 120 hours. Leave credits may be donated in any pay period. All leave donations are irrevocable. f. A leave of absence transfer drive will be held whenever necessary to provide for a minimum catastrophic leave bank balance which is the equivalent of 40 hours. g. Active employees wishing to donate sick leave hours to the Catastrophic Leave bank will need to convert sick leave hours (maintaining a minimum of 320 hours after donation) to vacation leave hours.
h. Upon retirement or resignation, an employee can contribute up to 10 hours of sick leave provided that the employee has a minimum of 320 hours of sick leave, which has previously become vested.

Transfers may be in increments of one hour or more. All donations will be confidential. There will be no selling or coercion of employees to donate.

Donated leave hours will be converted to cash and deposited in a time -bank where it will be available for distribution. Checks will be issued to the recipient with the regular payroll, which will keep them in an active employment mode with the City. This p rocedure prevents overpayments or corrections since it comes after the actual leave has been taken. (Conversion allows for adjustments for different rates of pay.) No employee shall receive payment for more than 100% of his or her regular pay.

An employee or their representative must complete a prescribed application form together with supporting medical documentation to the Human Resources Division when applying for funds.

SECTION 25: ABSENCE NOTIFICATION

An employee is expected not to be absent from work for any reason other than personal illness without making prior arrangements with their supervisor. Unless prior arrangements 337
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are made, an employee who, for any reason, fails to report for work must notify their supervisor of the reason for being absent by no later than 15 minutes prior to their scheduled start time. If the absence, whether for personal illness or otherwise, is to continue beyond the first day, the employee must notify the supervisor on a daily basis unless otherwise arranged with his/her supervisor. In proper cases, exceptions will be made.

Any unauthorized absence of an employee from duty shall be deemed to be an absence without pay and will be grounds for disciplinary action up to and including dismissal by the department head. In the absence of such disciplinary action any employee who absents himself/herself for three days or more without authorized leave shall be deemed to have resigned. Such absence may be covered, however, by the department head by a following grant of leave with or without pay when extenuating circumstances are found to have existed.

SECTION 26: FAMILY MEDICAL LEAVE /CALIFORNIA FAMILY RIGHTS ACTS

The City of Cupertino shall comply with the leave provisions of the Family Medical Leave Act and the California Family Rights Act for employees who qualify for leave under these laws.

SECTION 27: EDUCATION REIMBURSEMENT PROGRAM

It is the intent of the City to recognize the value of continuing education and professional development of its employees; and to adopt an Education Reimbursement Program which will encourage employees to avail themselves of City job related educational opportunities that will advance their knowledge and interests in the direction of their career path. Courses should either: a) maintain or improve job skills in the employee’s current position; b) be expressly required by the City or by law; or c) prepare the employee to become a competitive applicant for a different position with the City.

The Education Reimbursement Program is a benefit to all full time benefited employees who have completed the required probationary period and provides education reimbursement of up to two thousand ($2,000) per calendar year for the cost of registration, required textbooks and/or materials and parking. Employees who wish to seek reimbursement from the City for educational program costs shall provide a written request for reimbursement in advance of enrollment to the Human Resources Division. The form provided shall include the type of training, sponsoring organization or institution, meeting times and costs. Human Resources and the employee’s department head will make the determination if the chosen education program is eligible for reimbursement.

No employee shall receive any reimbursement until they have provided satisfactory proof of successful completion of the coursework with a grade of “C” or above, or “Pass” in the case of a Pass/Fail course. Such proof of completion shall be provided within 30 days of the conclusion of the course.

Education reimbursement is a taxable benefit under IRS Code. Education reimbursement will be applied to the calendar year in which the course is passed and satisfactory proof of completion is submitted.

Mandatory or annual coursework, attendance at conferences and training required to maintain job specific certifications or proficiencies are not included in the Education Reimbursement 338
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Program.

SECTION 28: CITY SPONSORED RECREATION AND WELLNESS PROGRAMS

CEA bargaining unit members shall have the privilege of enrollment in City sponsored recreation programs at the City residents’ fee structure and in preference to non-residents wishing to enroll. Each calendar year, employees and family members on the employee’s dental plan are eligible to be reimbursed up to $500 per employee in Rec Bucks. Employees shall be reimbursed for approved recreation services in accordance with the City’s Recreation Buck Policies. Programs allowing for preregistration will be reimbursed after completion of the program, including those allowing for or requiring preregistration in the calendar year prior to reimbursement. Reimbursements shall be applied to the year in which they are received. Benefited employees will also receive a free employee only annual Cupertino Sports Center membership. Part-time benefited employees will have the annual amount of Recreation Bucks prorated based on number of hours worked. Recreation Bucks are a taxable benefit under IRS Code, and must be used by the employee within the calendar year and are non-transferrable.

City employees are eligible to participate in the City’s wellness program as provided for in the City’s Administrative Rules and Regulations.

SECTION 29: DUE PROCESS

For demotions, suspensions of more than five days and terminations of employment, the City will provide written notice of the intended actions including the reasons therefore; a copy of any documents upon which the City relied in taking its action and an opportunity to respond, either orally or in writing, prior to the effective date of the disciplinary action.

Said opportunity shall be as soon as is practical after having been served the written notice and shall not constitute any limitation otherwise available through the grievance or appeal procedures. Any written warning in an employee’s file will be removed from the file after three years, if requested in writing by the employee.

SECTION 30: GRIEVANCE PROCEDURE

30.1 Definition: a grievance is a good faith dispute or difference of opinion of an employee involving the meaning, interpretation or application of the express provisions of the Memorandum of Understanding between the City of Cupertino and CEA.

30.2 Step 1: An employee (grievant) who has a grievance shall bring it to the attention of the employee's immediate supervisor within ten (10) calendar days of the occurrence of knowledge of the act that is the basis for the dispute. If the grievant and the immediate supervisor are unable to resolve the matter within ten (10) calendar days of the date it is raised, the grievant has the right to submit a formal grievance to their next higher supervisor.

30.3 Step 2: If the grievance is not settled at Step 1 the grievant may submit a written grievance to the next higher supervisor within ten (10) calendar days after the supervisor’s oral answer in Step 1. The written grievance shall contain the following information:
a. The name, job classification and department of the grievant. b. The name of the grievant’s immediate supervisor.
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c. A statement of the nature of the grievance including date and place of occurrence.
d. The specific provision alleged to have been violated. e. The remedy sought by the grievant.
f. If the grievant is not self -represented, the name of the individual or recognized employee organization designated to represent the grievant. g. Signature of grievant and date.
h. If the grievance is being submitted on behalf of the grievant by the recognized employee organization, it shall be signed and dated by the representative of the employee organization.

The supervisor or designee shall discuss the grievance within ten (10) calendar days with the grievant and/or designated representative at a time mutually agreeable to the parties. If a settlement is not reached, a written answer to the grievance shall be provided within ten (10) calendar days of the meeting.

30.4 Step 3: If the grievance is not settled at Step 2 the grievant may submit the grievance in writing to the grievant 's Department Head , or, alternatively, if the Department Head responded at Step 2, to the City Manager within ten (10) calendar days after the Step 2 written answer. The Department Head/City Manager shall discuss the grievance within ten (10) calendar days with the grievant and/or designated representative at a time mutually agreeable to the parties. If no settlement is reached, a written answer shall be provided within ten (10) calendar days of the meeting.

30.5 Step 4: If the grievance is not settled at Step 3 , the grievant may submit the grievance to advisory arbitration within 14 calendar days after receipt of the decision at Step 2.

30.6 Advisory Arbitration:
a. The parties shall attempt to agree upon an advisory arbitrator within seven (7) calendar days after receipt of the notice of referral. In the event that parties are unable to agree upon an advisory arbitrator within said seven (7) day period, the parties shall jointly request the State Mediation and Conciliation Service to submit a panel of five (5) advisory arbitrators. Each party retains the right to reject one panel in its entirety and request that a new panel be submitted.

Both the grievant/designated representative and the City shall have the right to strike two (2) names from the panel. The parties shall alternatively strike names until one remains. The person remaining shall be the advisory arbitrator.
b. The advisory arbitrator shall be notified of his/her selection and shall be requested to set a time and place for the hearing, subject to the availability of the grievant/designated representative and City representatives.
c. The City or the grievant/designated representative shall have the right to request the arbitrator to require the presence of witnesses or documents. The City and the grievant retain the right to employ legal counsel.
d. The advisory arbitrator shall submit his/her recommendation in writing within thirty (30) days following the close of the hearing or the submission of briefs by the parties, whichever is later.
e. More than one grievance may be submitted to the same advisory arbitrator if both parties mutually agree in writing.
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shall be divided equally between the City and the grievant, or CEA/IFPTE Local 21, as appropriate; provided, however, that each party shall be responsible for compensating its own representatives and witnesses.

30.7 Limitations on Authority of Advisory Arbitrator: The advisory arbitrator shall have no right to amend, modify, ignore, add to, or subtract from the provisions of the Memorandum of Understanding. The advisory arbitrator shall consider and decide only the question of fact as to whether there has been a violation, misinterpretation, or misapplication of the specific provisions of the MOU section or sections supporting the grievance . The advisory arbitrator shall be empowered to determine the issue raised by the grievance as sub mitted in writing at the second step. The advisory arbitrator shall have no authority to make a recommendation on any issue not so submitted or raised. The advisory arbitrator shall be without power to make recommendations contrary to or inconsistent with, in any way, applicable laws or rules and regulations of administrative bodies that have the force and effect of law. The advisory arbitrator shall not in any way limit or interfere with the powers, duties and responsibilities of the City under law and applicable court decisions. The recommendation shall be advisory only to the City Manager. The City Manager will make the final decision.

SECTION 31: LAYOFF PROCEDURE

The appointing authority may lay off employees for lack of funds, lack of work or for other similar and just cause. The appointing authority will identify the classification(s) subject to layoff. All classifications and all departments citywide are subject to layoff considerations.

Employees in a classification(s) identified for layoff shall be laid off in reverse order of seniority, based on the date of the appointment to the classification. If an employee separates from City employment for a period of more than 30 days, the time off from City employment shall be deducted from an employee’s length of service for the purpose of determining seniority.

Employees being laid off shall be entitled to placement in a lower classification; provided (a) the employee was previously employed with regular status having completed the probationary period in that lower classification and (b) the employee has more total seniority with the City than an individual in the lower classification. Any employee being displaced by an employee opting to be placed in a lower classification shall be entitled to placement in the lower classification, subject to conditions (a) and (b) listed in this section.

The City will provide a 30 day notice to any employees identified for layoff and layoff pay in the amount of $2,500 at the time of layoff. Such notice will include the employee’s rights to placement in a lower classification pursuant to this section. Medical, dental, vision, and life insurance continue through the end of the month in which the layoff is effective. In addition, the employee will be provided with an opportunity to elect to enroll in COBRA medical, dental, and/or vision coverage at the time of layoff and at employee expense.

The names of the employees affected by layoff shall be placed on a recall list for a period of two years in the reverse order of layoff and shall have the first opportunity for reinstatement.

Failure to respond within ten (10) business days to a written notice of such opportunity for reinstatement shall cause that name to be removed from the recall list. Such notice shall be sent by certified or registered mail to the address of the employee on file with the City. The affected employees shall be responsible for updating the City of any change in address during the time they are on the recall list.
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SECTION 32: REINSTATEMENT

With the approval of the Appointing Authority, a regular or probationary employee who has resigned with a good record may be reinstated within twenty-four months of the effective date of resignation to a vacant position in the same or comparable class he/she previously occupied. Upon reinstatement, the employee for all purposes shall be considered as though they had received an original appointment.

SECTION 33: CONTINUATION OF BENEFITS

All terms and conditions of employment not otherwise contained herein shall be maintained at the standards in effect at the time of execution. However, the parties agree that any automatic economic triggers, formulas or escalators shall become inoperable and void upon expiration of this contract.

SECTION 34: TELECOMMUTING / REMOTE WORK

CEA bargaining unit employees will be considered for telework and adhere to the policy of the City of Cupertino’s expanded telecommuting policy.

SECTION 35: SEPARABILITY

In the event any provision of this agreement is finally held to be illegal by a court of competent jurisdiction or void as being in contravention of any law, rule or regulation of any government agency having jurisdiction over the subject set forth, then the remainder of the agreement shall continue in full force and effect unless the parts so found to be void are held inseparable from the remaining portion of the agreement.

SECTION 36: RATIFICATION

Nothing contained in this memorandum shall be binding upon either the City or the Association until it has been ratified by the Association’s membership and presented and approved by the City Council of the City.

SECTION 37: REOPENER

During the term of this Agreement, upon request by the City or CEA, the City and Association will meet and confer over proposed revisions to the City’s Administrative Rules and Regulations to the extent that the proposed revisions fall within the statutory scope of bargaining.

SECTION 38: TERM

This agreement shall be effective commencing the first full pay period after Association ratification and adoption by the City Council and ending at 11:59 p.m. June 30, 2028.

SECTION 39: TOTAL COMPENSATION SURVEYS

Management and CEA agree to a compensation survey database structure which identifies specific benchmark classifications for job families, classifications within the job families of each benchmark classification, survey agencies, and survey classification matches. 342
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Survey cities include:

1. Campbell

2. Los Altos

3. Los Gatos

4. Menlo Park

5. Milpitas

6. Morgan Hill

7. Mountain View

8. Palo Alto

9. San Mateo

10. Santa Clara

11. Saratoga

12. Sunnyvale

The survey data is intended to provide a source of information concerning how the compensation paid to employees in bargaining unit job classifications compares to that paid by other public employers. The City will update the survey database and send a copy to CEA six weeks before expiration of this agreement. This survey data will be considered in successor agreement negotiations.

CITY EMPLOYEES’ ASSOCIATION CITY OF CUPERTINO

_____________________________ _____________________________ Alex Corbalis Kristina Alfaro

_____________________________ _____________________________ Gian Paolo Martire Vanessa Guerra

_____________________________ _____________________________ Amanda Hui Anna Tang - Sam

_____________________________
Nicole Lee

______________________________ ______________________________ Monica Diaz Tina Kapoor

______________________________ ______________________________ Stanley Young, IFPTE Local 21 Christopher Boucher, Boucher Law

______________________________
City Attorney, Approved as to form

Date: Date:

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EXHIBIT A
SECTION 2: SALARY SCHEDULE

Salary Effective July 15, 2025

Year 1 - Salary Effective First Full Pay Period in July 2025

Classification Step 1 Step 2 Step 3 Step 4 Step 5
ACCOUNT CLERK I 36.29 38.11 40.01 42.01 44.11
ACCOUNT CLERK II 40.01 42.01 44.11 46.32 48.64
ASSISTANT CIVIL ENGINEER 61.39 64.45 67.68 71.07 74.61
ASSISTANT HOUSING COORDINATOR 55.28 58.04 60.94 63.99 67.19 ASSISTANT PLANNER 55.28 58.04 60.94 63.99 67.19
ASSOCIATE CIVIL ENGINEER 66.16 69.46 72.93 76.59 80.41
ASSOCIATE PLANNER 59.57 62.55 65.68 68.96 72.41
BUILDING INSPECTOR 58.48 61.41 64.48 67.70 71.09
CASE MANAGER 44.70 46.94 49.28 51.75 54.33
CODE ENFORCEMENT OFFICER 50.07 52.58 55.21 57.97 60.86
COMMUNITY OUTREACH SPECIALIST 46.30 48.61 51.04 53.59 56.27 ENGINEERING TECHNICIAN 48.24 50.66 53.19 55.85 58.64
ENV. PROG. COMPLIANCE TECHNICIAN 43.47 45.65 47.93 50.33 52.84 ENV. PROGRAMS SPECIALIST 56.04 58.85 61.79 64.88 68.12
ENVIRONMENTAL PROGRAMS ASSISTANT 48.58 51.01 53.56 56.24 59.05 FACILITY ATTENDANT 33.97 35.67 37.46 39.33 41.30
GIS TECHNICIAN 48.24 50.66 53.19 55.85 58.64
MULTIMEDIA COMMUNICATIONS SPEC 61.06 64.11 67.32 70.68 74.22 OFFICE ASSISTANT 34.14 35.85 37.64 39.52 41.50
PERMIT TECHNICIAN 44.93 47.18 49.54 52.01 54.61
PLAN CHECK ENGINEER 67.67 71.05 74.60 78.33 82.25
PUBLIC WORKS INSPECTOR 58.48 61.41 64.48 67.70 71.09
RECEPTIONIST/CLERK 30.74 32.28 33.90 35.59 37.37
RECREATION ASSISTANT 21.99 23.09 24.24 25.46 26.73
RECREATION COORDINATOR 44.45 46.67 49.00 51.46 54.03
SENIOR BUILDING INSPECTOR 62.49 65.61 68.89 72.34 75.96 SENIOR CODE ENFORCEMENT OFFICER 52.63 55.26 58.02 60.93 63.97 SENIOR ENGINEERING TECHNICIAN 51.99 54.59 57.32 60.19 63.20 SENIOR HOUSING COORDINATOR 63.88 67.07 70.43 73.95 77.65 SENIOR OFFICE ASSISTANT 37.91 39.80 41.79 43.88 46.07
SENIOR PLANNER 63.88 67.07 70.43 73.95 77.65
SENIOR TRAFFIC TECHNICIAN 51.99 54.59 57.32 60.19 63.20 SPECIAL PROGRAMS COORDINATOR 36.70 38.53 40.46 42.48 44.61 TRAFFIC SIGNAL TECH-APPRENTICE 46.74 49.08 51.53 54.11 56.81 TRAFFIC SIGNAL TECHNICIAN 54.11 56.81 59.65 62.64 65.77 TRAFFIC TECHNICIAN 48.24 50.66 53.19 55.85 58.64

Year 2 - Salary Effective First Full Pay Period in July 2026

Classification Step 1 Step 2 Step 3 Step 4 Step 5
ACCOUNT CLERK I 37.38 39.25 41.21 43.27 45.44
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ACCOUNT CLERK II 41.21 43.27 45.44 47.71 50.09
ASSISTANT CIVIL ENGINEER 63.23 66.39 69.71 73.20 76.85
ASSISTANT HOUSING COORDINATOR 56.94 59.78 62.77 65.91 69.21 ASSISTANT PLANNER 56.94 59.78 62.77 65.91 69.21
ASSOCIATE CIVIL ENGINEER 68.15 71.55 75.12 78.89 82.82
ASSOCIATE PLANNER 61.36 64.43 67.65 71.03 74.58
BUILDING INSPECTOR 60.24 63.25 66.41 69.73 73.22
CASE MANAGER 46.04 48.34 50.76 53.30 55.96
CODE ENFORCEMENT OFFICER 51.58 54.15 56.86 59.71 62.69
COMMUNITY OUTREACH SPECIALIST 47.69 50.07 52.57 55.20 57.96 ENGINEERING TECHNICIAN 49.69 52.18 54.78 57.52 60.40
ENV. PROG. COMPLIANCE TECHNICIAN 44.78 47.02 49.37 51.84 54.43 ENV. PROGRAMS SPECIALIST 57.72 60.61 63.64 66.82 70.16
ENVIRONMENTAL PROGRAMS ASSISTANT 50.04 52.54 55.17 57.93 60.82 FACILITY ATTENDANT 34.99 36.74 38.58 40.51 42.53
GIS TECHNICIAN 49.69 52.18 54.78 57.52 60.40
MULTIMEDIA COMMUNICATIONS SPEC 62.89 66.03 69.34 72.80 76.44 OFFICE ASSISTANT 35.16 36.92 38.77 40.71 42.74
PERMIT TECHNICIAN 46.28 48.59 51.02 53.57 56.25
PLAN CHECK ENGINEER 69.70 73.18 76.84 80.68 84.71
PUBLIC WORKS INSPECTOR 60.24 63.25 66.41 69.73 73.22
RECEPTIONIST/CLERK 31.67 33.25 34.91 36.66 38.49
RECREATION ASSISTANT 22.65 23.78 24.97 26.22 27.53
RECREATION COORDINATOR 45.78 48.07 50.47 53.00 55.65
SENIOR BUILDING INSPECTOR 64.36 67.58 70.96 74.51 78.23 SENIOR CODE ENFORCEMENT OFFICER 54.21 56.92 59.76 62.75 65.89 SENIOR ENGINEERING TECHNICIAN 53.55 56.23 59.04 61.99 65.09 SENIOR HOUSING COORDINATOR 65.80 69.09 72.54 76.17 79.98 SENIOR OFFICE ASSISTANT 39.04 40.99 43.04 45.20 47.46
SENIOR PLANNER 65.80 69.09 72.54 76.17 79.98
SENIOR TRAFFIC TECHNICIAN 53.55 56.23 59.04 61.99 65.09 SPECIAL PROGRAMS COORDINATOR 37.80 39.69 41.67 43.76 45.94 TRAFFIC SIGNAL TECH-APPRENTICE 48.14 50.55 53.08 55.73 58.52 TRAFFIC SIGNAL TECHNICIAN 55.73 58.52 61.44 64.52 67.74 TRAFFIC TECHNICIAN 49.69 52.18 54.78 57.52 60.40

Year 3 - Salary Effective First Full Pay Period in July 2027

Classification Step 1 Step 2 Step 3 Step 4 Step 5
ACCOUNT CLERK I 38.50 40.43 42.45 44.57 46.80
ACCOUNT CLERK II 42.45 44.57 46.80 49.14 51.60
ASSISTANT CIVIL ENGINEER 65.13 68.38 71.80 75.39 79.16
ASSISTANT HOUSING COORDINATOR 58.64 61.58 64.66 67.89 71.28 ASSISTANT PLANNER 58.64 61.58 64.66 67.89 71.28
ASSOCIATE CIVIL ENGINEER 70.19 73.69 77.38 81.25 85.31
ASSOCIATE PLANNER 63.20 66.36 69.68 73.16 76.82
BUILDING INSPECTOR 62.04 65.15 68.40 71.82 75.42
CASE MANAGER 47.42 49.79 52.28 54.90 57.64
CODE ENFORCEMENT OFFICER 53.12 55.78 58.57 61.50 64.57
COMMUNITY OUTREACH SPECIALIST 49.12 51.57 54.15 56.86 59.70 ENGINEERING TECHNICIAN 51.18 53.74 56.43 59.25 62.21
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ENV. PROG. COMPLIANCE TECHNICIAN 46.12 48.43 50.85 53.39 56.06 ENV. PROGRAMS SPECIALIST 59.46 62.43 65.55 68.83 72.27
ENVIRONMENTAL PROGRAMS ASSISTANT 51.54 54.12 56.82 59.66 62.65 FACILITY ATTENDANT 36.04 37.84 39.74 41.72 43.81
GIS TECHNICIAN 51.18 53.74 56.43 59.25 62.21
MULTIMEDIA COMMUNICATIONS SPEC 64.78 68.01 71.42 74.99 78.74 OFFICE ASSISTANT 36.22 38.03 39.93 41.93 44.02
PERMIT TECHNICIAN 47.67 50.05 52.55 55.18 57.94
PLAN CHECK ENGINEER 71.79 75.37 79.14 83.10 87.25
PUBLIC WORKS INSPECTOR 62.04 65.15 68.40 71.82 75.42
RECEPTIONIST/CLERK 32.62 34.25 35.96 37.76 39.65
RECREATION ASSISTANT 23.33 24.50 25.72 27.01 28.36
RECREATION COORDINATOR 47.16 49.51 51.99 54.59 57.32
SENIOR BUILDING INSPECTOR 66.29 69.61 73.09 76.74 80.58 SENIOR CODE ENFORCEMENT OFFICER 55.83 58.63 61.56 64.64 67.87 SENIOR ENGINEERING TECHNICIAN 55.16 57.92 60.81 63.85 67.04 SENIOR HOUSING COORDINATOR 67.77 71.16 74.72 78.45 82.38 SENIOR OFFICE ASSISTANT 40.21 42.22 44.34 46.55 48.88
SENIOR PLANNER 67.77 71.16 74.72 78.45 82.38
SENIOR TRAFFIC TECHNICIAN 55.16 57.92 60.81 63.85 67.04 SPECIAL PROGRAMS COORDINATOR 38.93 40.88 42.92 45.07 47.32 TRAFFIC SIGNAL TECH-APPRENTICE 49.59 52.07 54.67 57.40 60.27 TRAFFIC SIGNAL TECHNICIAN 57.40 60.27 63.29 66.45 69.77 TRAFFIC TECHNICIAN 51.18 53.74 56.43 59.25 62.21

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MEMORANDUM OF UNDERSTANDING

City of Cupertino

And

IFPTE Local 21,
Cupertino Employees’ Association (CEA)

July 1, 20252 – June 30, 20285

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Table of Contents

Category Section Page Number

No Discrimination 1

Association Rights 2

Management Rights 3

Salary Schedule 4

Out of Classification & Acting Pay 5

Bilin
gual Pay Differential 6

Hours of Work – Overtime 7

Call Back Pay

Stretch Assignments

8 9

Contracting Out

Facilities Closure
10 11

PERS Contributio
n 12

Insurance Covera
ge 13

Safety Footwear

Holida
ys
14 15

Workers Compensation Benefits 16

Vacatio
n 17

Sick Leave 18

Sick Leave Verification 19

Bereavement Leave 20

Militar
y Leave 21

Pregnancy Disability Leave 22

Adoption Leave 23

Catastrophic Leave 24

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Absence Notification 25

Family Medical Leave Act 26

Education Reimbursement Program 27

Cit
y Sponsored Recreation Programs 28

Due Process

Grievance Procedure
29 30

La
yoff Procedure 31

Reinstatement 32

Continuation of Benefits 33

Telecommutin
g / Remote Work 34

Separabilit
y 35

Ratification 36

Reopener 37

Term 38

Total Compensation Surveys 39

Salary Schedule

Exhibit A

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MEMORANDUM OF UNDERSTANDING

BETWEEN

CITY OF CUPERTINO
AND
IFPTE LOCAL 21, CUPERTINO CITY EMPLOYEES’ ASSOCIATION

This is a three (3) year agreement, entered into the first full pay period after Association ratification and adoption by the City Council of this successor MOU and ending on June 30, 20285 between the City of Cupertino, hereinafter re ferred to as "City", and representatives of IFPTE Local 21 Cupertino City Employees’ A ssociation, hereinafte r referred to as "Association", pursuant to California Government Code 3500 et seq., and the City Employer - Employee Relations Policy (Cupertino Munici pal Code 2.52.280 et seq.). The Association is the recognized sole and exclusive representative. This agreement represents the full and integrated agreement reached between the parties.

The Association may select not more than five (5) employees of which no more than two (2) may be from the same City department to be members of the CEA bargaining team for the purpose of negotiating a successor memorandu m of understanding (MOU) . The Association shall provide the City with the names of the selected successor MOU bargaining team within thirty (30) days of the first day of negotiations.

Classifications in the Association:

Account Clerk I
Account Clerk II
Assistant Engineer
Assistant Housing Coordinator
Assistant Planner
Associate Civil Engineer
Associate Planner
Building Inspector
Case Manager
Code Enforcement Officer
Community Outreach Specialist
Engineering Technician
Environmental Compliance Technician
Environmental Programs Assistant
Environmental Programs Specialist
Facility Attendant
GIS Technician
Multimedia Communication Specialist
Office Assistant
Permit Technician
Plan Check Engineer
Public Works Inspector
Receptionist/Clerk
Recreation Assistant
Recreation Coordinator
Senior Building Inspector
Senior Code Enforcement Officer
Senior Engineering Technician
Senior Office Assistant
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Senior Planner
Senior Traffic Technician
Special Programs Coordinator
Traffic Signal Tech-Apprentice
Traffic Signal Technician
Traffic Technician

SECTION 1: NO DISCRIMINATION

In accordance with the City of Cupertino Equal Employment Opportunity policy, the City will afford equal opportunity to all qualified employees, applicants and unpa id interns as to all terms and conditions of employment, including compensation, hiring, training, promotion, transfer, discipline, and termination, without regard to race, color, religion, political affiliation, national origin, sex (including gender, gend er identity, gender ex pression, transgender, pregnancy and breastfeeding), di sability, sexual orientati on (including heterosexuality, homosexuality and bisexuality), age, ancestry, citizenship status, uniformed service member status, marital status, medical condition, genetic information or characteristics, or for Association activity or any other basis protected by law.

SECTION 2: ASSOCIATION RIGHTS

The City and the CEA recognize the right of employees to form, join, and participate in lawful activities of employee organizations and the equal, alternative right of employees to refuse to form, join, and participate in employee organizations. Neither party shall discriminate against an employee in the exercise of these alternative rights. Accord ingly, membership in the CEA shall not be compulsory.

2.2 Access to New Employees

The Employer shall provide CEA written notice of, and access to, new employee orientation as set forth below.

1. For reasons of operational necessity only, the Employer may notify CEA that the proposed time is unworkable and that CEA must propose an alternate time.

D. The ability to have a CEA representative present as part of orientation/onboarding shall not result in a delay of an employee’s start date.

E. Resolution of the above language satisfies the City’s bargaining obligations under AB 119, Government Code Section 3555-3559.

2.3 Hold Harmless
CEA shall indemnify and hold the City harmless from any and all claims, demands, suits, or any other action arising from the maintenance of dues deductions or from complying with any demand for termination hereunder, provided that the City promptly provide notice to CEA of any claim, demand, suit, or other action for which it is seeking indemnification. 352
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CEA shall certify to the City of Cupertino th at the Association has received and will maintain an authorization, signed by each individual employee from whose salary or wages a deduction or reduction is to be made. CEA will maintain individual employee authorizations, and shall not be required to provide a copy of an individual authorization to the City unless a dispute arises about the existence or terms of the authorization. CEA shall indemnify the City for any claims ma de by an employee for deductions made in reliance on that certification.

2.4 Administrative Processing of CEA Dues

CEA shall provide the City with a thirty day advance written notice of any changes in the annual dues deduction amounts. CEA, which has aff iliated with IFPTE Local 21, AFL-CIO shall provide the City with instructions regarding dues deductions to be remitted to IFPTE Local 21.

2.5 Reasonable Time Off to Meet and Confer

As a representative of a recognized empl oyee organization, CEA Bo ard members may be selected to attend scheduled meetings with City representatives on subjects within the scope of representation during regular work hours without loss of compensation. For contract negotiations, CEA may select not more than six employee members to attend bargaining sessions. Where circumstances warrant, Huma n Resources may approve the attendance of additional employee representatives without loss of compensation, at either labor negotiations or Labor Management Committee, or other meet and confer meetings.

2.6 Stewards

2.7 Activities on City premises

SECTION 3: MANAGEMENT RIGHTS

Consistent with the MMBA, it is the exclusive right of the City of Cupertino to direct its employees; take disciplinary action for proper cause; relieve its employees from duty because of lack of work or for other legitimate reason; classify and reclassify positions; and determine the methods, means, and personnel by which the City’s operations are to be conducted. Any of the rights, powers and authority the City had prior to entering into this Agreement are 353
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retained by the City except as expressly provided in this section.

While exercising its rights pursuant to the section, the City agrees to meet and confer with CEA representatives over matters within the statutory scope of bargaining.

SECTION 4: SALARY SCHEDULE

Monthly salary ranges as listed on Exhibit A will apply for each classification effective at the beginning of the pay period in which July 1 occurs unless otherwise noted below.

Effective the first full pay period after July 1, 2022, a 5.0% salary increase will be added to the salary range of each classification in this bargaining unit.

The parties further agree to reopen wage negotiations for FY23-24 and FY24-25 upon the California Department of Tax and Fee Administr ation’s (CDTFA) completion of the sales tax review, but in no event later than March 1, 2023. The union may propose changes to salary steps, call back pay and bilingual pay as part of the wage reopener discussion.

Effective the first full pay period after July 1, 2026, a 3.0% salary increase will be added to the salary range of each classification in this bargaining unit.

Effective the first full pay period after July 1, 2027, a 3.0% salary increase will be added to the salary range of each classification in this bargaining unit.

The City will pay all bargaining unit members, employed with th e City as of July 2, 2025, a one-time, non-pensionable lump sum of $1,000, which shall be subject to all applicable payroll tax and withholding. The parties agree that this one-time payment shall not be PERSable (i.e. counted towards base salary or final compen sation for CalPERS retir ement calculation).

Payment shall be made through payroll followin g the City Council’s approval of a successor MOU. Employees must be an active employee at the time of the retroactive payout in order to receive said $1,000 lump-sum payment.

SECTION 5: OUT-OF-CLASSIFICATION AND ACTING PAY

Compensation for work performed in an out-of-class capacity is included for purposes of 354
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calculating CalPERS compensation, however, this is at the discretion of CalPERS and future changes to CalPERS regulations would supersede the language of this section.

All requests for out of class pay or acting pay must be approved by the Director of Administrative Services or his/her designee.

SECTION 6: BILINGUAL PAY DIFFERENTIAL

SECTION 7: HOURS OF WORK: OVERTIME

7.1 Hours of Work Defined

Hours worked shall include all time assigned by employ er whether such hours are worked in the City’s work place, or in some other place where the employee is carrying out the duties of the City.

The normal work week shall be 40 hours in seven days with two consecutive days off .

Alternate Work Schedules (AWS) may be cons idered, including 9/80 and 4/10, but must be approved in advance by the Department Head. The City reserves the right to re-evaluate such approvals if the Alternate Work Schedule results in an undue burden to the City.

7.2 Overtime

Overtime shall be defined as any work in excess of 40 hours in a seven day work period.

Holidays and paid time off shall count toward the accumulation of the work week.

Overtime work for the City by an employe e shall be authorized in advance by the department head or their designee. In the event of unforeseen circumstances, overtime shall be approved after the work is completed.

7.3 Schedules

It will be a management responsibility to schedule the hours of work for each employee covered by this agreement. Except in unfores een circumstances, changes in employee’s hours 355
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of work will be made after ten days prior notice.

7.4 Rest Periods and Meal Breaks

Each employee shall be granted a rest period of fifteen minutes during each work period of more than three hours dura tion. No wage deduction shall be made nor time off charged against employees taking authorized rest periods , nor shall any rights or overtime be accrued for rest periods not taken.

Employees are entirely relieved of responsibilities and restrictions during their meal period, unless they are assigned, in writing, to work an on-duty meal period, which will be treated as paid time. Employees may not use the meal break to reduce their regular daily work schedule, unless previously approved by their supervisor.

7.5 Payment of Overtime

All approved overtime work performed by employ ees shall be paid at the rate of one and one-half (1 1/2) times the normal rate of pay. Work performed on regularly scheduled days off, City Holidays or during an employee’s sc heduled vacation shall be considered to be overtime and paid accordingly.

7.6 Compensatory Time Off (CTO)

At the employee ’s discretion, compensatory time off may be granted for overtime worked at the rate of time a nd one-half for each hour worked in lieu of compensation in cash.

CTO time may be accrued for up to 80 hours per calendar year.

Any CTO earned
exceeding 80 hours will be paid at the rate of time and one-half. An employee may carry over the unused balance into the next calendar year. Any unused carryover balance will be automatically paid out at the end of the calendar year.

An employee may exercise his/her option two times each calendar year to convert any/or all accumulated compensatory time to cash.

7.7 Leave Accruals

An employee shall not accrue leave credits (vacation, sick leave) during a pay period if off without pay for more than 40 hours during said pay period.

SECTION 8: CALL BACK PAY

If an employee is required to report for emer gency or other duties during the employee’s off- duty hours, the employee will be compensated at a rate of time and one half their base hourly rate for all hours worked, including necessary travel time.

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SECTION 9: STRETCH ASSIGNMENTS

As part of the City’s Succession Development program, association members may be eligible for voluntary “stretch assignments”. Stretch Assignments differ from work out of class or acting assignments, and serve to prepare employees for future promotional opportunities within the City. Examples of stretch assignments include shadowing management staff; assisting with special projects or tasks; and cross-departmental training opportunities. Stretch assignments are voluntary and receive no additional compensation. Stretch assignments may be requested by employees, or offered by department management staff; however, such assignments should not impact the employee’s regular workload or position and should not result in overtime hours. Stretch assignments are offered solely at the discretion of management and are not grievable. Stretch assignments shall not be utilized to cover the work of an unfilled position or to cover work assignments of an employee on leave.

SECTION 10: CONTRACTING OUT

Nothing in this section shall be construed to limit the rights of the City to enter into temporary contracts (less than one year) or contracts to fill an immediate need (such as a vacant position).

SECTION 11: FACILITIES CLOSURE

City facilities* will be closed from December 24 through Ja nuary 1, of each year during the term of the contract only.

*The Sports Center and Blackberry Farm Golf Course may remain open on facilities closure days staffed by part-time employees

SECTION 12: PUBLIC EMPLOYEES RETIREMENT (PERS) CONTRIBUTION

A. For Employees hired on or before December 29, 2012 Only For City of Cupertino employees hired by the City of Cupertino on or before December 29, 2012, the City has contracted with CalPERS for a 2.7% @55 retirement formula. 357
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Effective in the first full pay period in July 2017, each employee in the 2.7% at 55 Classic formula shall pay the full eight percent (8.0%) of applicable PERSable salary towards the full employee share of CalPERS pension contribution.

B. For employees hired by the City of Cupertino on December 30, 2012 or on December 31, 2012 or a current CalPERS employee who qualifies as a classic member under CalPERS Regulations Only .

Effective October, 2016, the City shall not pay the employee’s contribution share to the California Public Employees Retirement System (CalPERS) and each employee shall pay the full seven percent (7.0%) of applicable PERSable salary towards the employee’s contribution share of CalPERS pension under this formula.

For employees hired by the Ci ty of Cupertino on or after January 1, 2013, CalPERS has by statute implemented a 2% @ 62 formula base d on a three year average compensation.

Employees in this category shall pay 50% of the normal cost rate as determined by CalPERS.

SECTION 13: INSURANCE COVERAGE

13.1. Health - Medical and Dental Insurance

January 1, 2022 City Max Health
Contribution
City Max Dental
Contribution
City Total Max
Contribution
Employee 935.88 126.78 1062.660
Employee +1 1,591.01 126.78 1,717.79
Employee +2 2,068.31 126.78 2,195.09

Effective July 1, 2025, for each participating employee, the City shall contribute toward premium cost the following amount per month during the term of this agreement.

July 1,
2025
City Max
Health
Contribution
City Max
Dental
Contribution
City Total
Max
Contribution
Employee $1,112.90 $114.30 $1,227.20
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Employee
+ 1
$2,225.80 $114.30 $2,340.10
Employee
+ 2
$2,893.54 $114.30 $3,007.84

Required contribution amounts exceeding the premium contribution of the City are the responsibility of the employee. The City no longer pays medical insurance cash back (excess of the monthly premium less the cost of the medical coverage) for any employees.

The City reserves the right of selection and administration as to deferred compensation plan(s).

If during the term of this agreement, modifications are made to the Federal tax code which would result in any of the medical insurance provided be subject to taxation, the contract will be re-opened for the purposes of adjusting the salary and medical benefits so long as it does not result in an increase or decrease in the total compensation.

If during the term of this agreement, new me dical plans are identi fied that will be beneficial to the City and CEA, the contract will be reopened to discuss these plan options.

Health deductions for employee payments towards PEMHCA premiums shall occur on a bi-monthly basis consistent with CalPERS required PEMHCA payment schedule.

13.2 Health In-Lieu Payments

City agrees to pay a monthly amount of three hundred sevent y-five ($375.00) per month to bargaining unit employee who can demonstrate that they have equivalent health coverage through their spouse, parent, or other group cove rage and who request this cash payment in lieu of health insurance coverage.

13.4 Short Term and Long Term Disability Insurance

CEA employees will participat e in California State Disabi lity Insurance (SDI). SDI weekly benefits are determined by the State of California and information is available on the State of California Employment Development Department website. Employees may use leave banks to supplement lost salary during the 7 day elimination period. Bargaining unit members shall pay the 1% cost of CA SDI, which will be deducted from their biweekly paychecks. Until full enrollment in CA SDI becomes effective, bargaining unit members will continue to be covered by the current Short Term Disability plan during the transition. Integration of SDI with the City’s current Short Term Disability pl an will be in accordance with SDI rules and regulations.

The City shall provide Long Term Disabi lity (LTD) insurance for employees. LTD income protection coverage shall be up to $7,000 of covered monthly salary. Employees may use sick leave and/or vacation leave to supplem ent lost salary during the 90 day elimination period.

13.5 Vision Care Insurance

The City shall provide Vision Care Insuran ce for employees and th eir dependents at a cost of $14.94 monthly.

SECTION 14: SAFETY FOOTWEAR

The City shall provide safety footwear at a cost not to exceed $400 annually, for the bargaining unit classificatio ns of Building Inspector , and Public Works Inspector, Traffic Signal Technician, Code Enforcement Officer, and Senior Code Enforcement Officer. The City will provide employees with a list of approved vendors and footwear, and will be billed directly by the vendor for payment. Any cost exceeding $400 will be borne by the employee.

SECTION 15: HOLIDAYS

15.1 Fixed Holidays

The City shall provide the following fixed paid (8 Hour) holidays for eligible employees covered by this agreement:

1. New Year’s Day 8. Veteran’s Day

2. Martin Luther King Day 9. Thanks giving Day

2. 3. President’s Day

3. Lunar New Year

4. Cesar Chavez Day

10. Day following Thanksgiving

4. Memorial Day

5. Juneteenth

11. Christmas Eve

12. Christmas Day

6. Independence Day 13. New Year’s Eve

7. Labor Day

When a holiday falls on a Saturday, the preceding Friday shall be observed as the non- work day. When a holiday falls on a Sunday, the following M onday shall be observed as the non-work day.
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Nothing contained herein sh all preclude the right of th e department head with the approval of the Appointing Authority to reschedule work assignments or hours of work to meet emergency situations and other administrative necessities caused by the observance of a holiday or non-work day or period; provided, however, that all such affect ed employees are duly compensated for said rescheduled work assignments.

15.2 Floating Holidays

In addition to the foregoing paid holidays, eligible employees shall earn 20 hours of holiday leave per year that may be used in in crements of no less than one quarter of an hour.

15.3 Holiday Pay

In order for an employee to receive his/her regular pay for a holiday or designated non- work day, work must be performed on the regular scheduled day before and the regular scheduled day after the holiday or designate d non-work day. Employees on vacation, injury leave, approved short term leave of absence, with or without pay, or who submit satisfactory evidence of personal illness shall be consider ed as working their re gular schedule for pay purposes.

SECTION 16: WORKERS COMPENSATION BENEFITS

16.1 Use of Sick Leave to Supplement Workers’ Compensation Payments

Any employee entitled to r eceive Workers’ Compensatio n payments may elect to supplement such payments with an amount not to exceed that which is the employee’s weekly earnings or weekly earning capacity by use of sick leave payments to the extent that such sick leave has been accrued to the employee’s account.

16.2 Use of Sick Leave for Industrial Injury Medical Appointments

An employee who is required to see a physician regarding a work-related injury during regularly scheduled work hours ma y use sick leave credits for a ppointment(s). If the medical appointment is scheduled during the last hour of the regularly scheduled work day an employee will not be required to use sick leave credits for said appointment. The last hour provision shall be limited to one time during any Monday through Friday work period.

SECTION 17: VACATION

All bargaining unit employees shall accrue vacation credit. Accrued vacation credits may be taken with prior supervisory approval.

Benefited full-time employees accrue vaca tion in accordance with the following schedule. Benefited employees who work less than a full-time work schedule accrue vacation 361
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in accordance with the following schedule on a pro-rated basis.

Represented employees may convert, up to two times per calendar year, unused vacation time for payment subject to the following conditions:

1. The employee must have a minimum of 120 hours of accrued vacation immediately prior to a conversion.

2. Any payment for accrued vacation hours will be subject to taxes as determined by law.

3. Minimum exchange will be one day. Maximum exchange will be ten days.

4. All exchanges are irrevocable.

5. A maximum of 80 hours of accrued vacation may be converted for pay during a calendar year.

SECTION 18: SICK LEAVE

All full time employees hired before October 17, 2012 ( other than those holding temporary status), shall earn ei ght (8) hours per month sick leave time without limit on accumulation. All employees hired on or after October 17, 2012 shall earn eight (8) hours per month of sick leave time, but may accrue no more than 240 hours of sick leave time.

Those regular employees working less than full time (at least 20 hours per week) shall earn a pro-rated amount of sick leave based on their regular hour s worked in relation to 40 hours. Sick leave may be utili zed due to the employee’s persona l illness, injury, pregnancy disability or sickness or injury to the immediate family.

The employee’s immediate family consists of the following: children, stepchildren, spouse/domestic partner, parents, mother-in-law, father-in-law, siblings, grandchildren and grandparents who because of illness cannot care for themselves, and for medical emergencies.

Employees shall, whenever possible, make ap pointments for medical, dental and similar purposes during non-work hours. If this is not possible, sick leave may be used for these purposes.

With proper notification, sick leave shall be taken in periods of no less than one-half hour increments.

18.2 Sick leave is not vested under California statutory law.

18.3 Employees hired before October 17, 2012 shall have the option of cashing out sick leave in accordance with Section 18.4 and 18.5.

18.4 If upon retirement the qua lifying employee has a minimum of 320 non-vested hours, payment shall be made for up to eighty-five percent (85%) of the value of the bank at the employee’s discretion.

18.5 If upon resignation the qualifying employee has a minimum of 320 non-vested hours, payment shall be made for up to seventy percent (70%) of the value of the bank at the employee’s discretion.

18.6 Represented employees will have the option, subject to approval of the department head, of converting sick leave to vacation leav e on a two-to-one basis only if the employee’s remaining sick leave balance is 40 hours or mo re. The maximum allowable exchange will be 96 hours of sick time for 48 hours of vacation leave per calendar year. The minimum exchange will be 8 hours sick leave for 4 hours of vacation.

An employee may convert sick leave in excess of 320 hours to vacation leave on a one- to-one basis with a maximum of 48 hours and a minimum of 4 hours and may convert up to an additional 32 hours on the basis of one hour of si ck leave to 0.7 hour of vacation leave. The conversion of sick leave in excess of 320 hours to vacation leave as described herein is limited to no more than a total of 80 hours per calendar year.

As a condition of converting sick leave to vacation, all employees will be required to use at least one-half of the vacation accrued during the previous twelve months.

Such conversion either to exchange sick leave for vacation or vice versa shall be subject to the following conditions:

a. All requests to exchange sick leave for va cation time shall be submitted in writing to the department head at least fourt een (14) calendar days in advance of intended vacation utilization.

b. If twelve (12) months have elapsed since approval of the exchange of sick leave for vacation, and the employee has not been permitted the use of the converted vacation time, (after submit ting at least one written re quest for utilization) the employee will have the right to re-convert the vacation time to sick leave in reverse ratio to the original exchange. This exchange will be allowed only for previously converted sick time to vacation and will not be permitted for regularly accrued vacation time.

NOTE: As used in this document, "reverse ratio" is intended to mean that the ratio of sick leave to vacation will revert to the original ratio at the time the initial exchange was implemented.

SECTION 19: SICK LEAVE VERIFICATION

A Department Head or supervisor may at their discretion require employees to furnish reasonable acceptable evidence, including a doctor’s certificate, to substantiate a request for 363
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sick leave if the sick leave exceeds three (3) consecutive workdays. A supervisor may also require a doctor’s certificate or other form of verification where leave abuse is suspected. If it appears that an employee is abusing sick leave or is using sick leave excessively, the employee will be counseled that the continued use of sick leave may result in a requirement to furnish a medical certificate for each such subsequent absence for sick leave regardless of duration.

Continued abuse of leave or ex cessive use of sick leave may constitute grounds for discipline up to and including dismissal.

SECTION 20: BEREAVEMENT LEAVE

Employees shall be granted paid bereavement leave of up to 24 hours upon the death of a close relative. Close relatives are defined as mother, father, sister, brother, wife, husband, domestic partner, child, step-c hild, grandparent, grandchildre n, mother-in-law and father-in- law. Additional bereavement leave of up to 16 hour s will be granted for travel out of state or over 200 miles. An employee may request bereavement leave for the death of an individual not listed above and whom they have a close and significant relation with and/or hours greater than 24, but not more than 40, which Human Resources can grant at their discretion. A denial under this section shall not be subject to the grievance procedure.

SECTION 21: MILITARY LEAVE

Military leave shall be granted in accordan ce with the provision of State and Federal law. All employees entitled to military leave sh all give their supervisor an opportunity within the limits of military requirements, to determine when such leave shall be taken.

SECTION 22: PREGNANCY DISABILITY LEAVE

An employee disabled by pregnancy is eligible for up to four months of unpaid pregnancy disability leave (PDL) as defined by law. This leave is to be used when the employee is disabled due to pregnancy or child birt h or related medical condition, including but not limited to, morning sickness, pregnancy complications and prenatal appointments. Accrued sick leave may be used during the leave, and the employee has the option to use accrued vacation, floating holidays and/or compensatory time in order to receive pay during the leave. If the employee is also eligible for leave under the Federal Fami ly Medical Leave Act (FMLA), (employee must be employed by the City for at least one year and have worked at least 1250 hours during the year preceding the leave) the leave the employee takes for pregnancy disability will be run concurrently with the employee’s entitlement to up to 12 week s of FMLA leave. Employees otherwise eligible for health insurance benefits (medical, dental and visi on) will continue to receive such benefits during the period of the PD L leave up to four mo nths as defined by law per 12 month period.

After PDL and FMLA leave, if applicable, expi res and if the employee is on unpaid status or the employee has less than 20 hours per week on their timesheet, the employee may elect to continue and enroll in COBRA benefits at employee’s expense.

The employee will be accruing sick leave, floating holiday and vacation leave during the period of time, if any, the employee is in paid status . Any time the employee’s hours adjust to less than 40 hours per week, however of paid stat us, the employee’s accrual rates (sick leave, vacation leave, floating holiday) will be pr orated and be adjusted accordingly. Sick leave,
floating holiday and vacation leave do not continue to accrue during any period the employee is on unpaid status.

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Under the California Family rights Act (CFRA) eligible employees are entitled up to 12 additional weeks of leave to bond with the baby. To be eligible for the CFRA bonding leave, employee must be employed by the City for at l east one year and have worked at least 1250 hours during the year preceding the leave. Th e leave is unpaid, but the employee may use floating holiday, compensatory time and vacation leave in order to receive pay during the leave.

The employee may use sick leave for a baby’s illness or doctor’s appointment when applicable to receive pay during the leave. Bonding leave must be used within one year of the birth of the baby.

An employee who plans to take PDL must give reasonable notice (not less than 4 weeks if anticipated or as soon as possible if the leave is unforeseen) be fore the date employee expects to take the leave. As with all other employees returning from medical leave, employees returning from PDL leave of at least 3 days are re quired to provide a do ctor’s note clearing them to return to work. If an employee requires reasonable accommodations as a result of pregnancy, employee should consult with Hu man Resources. Empl oyees disabled by pregnancy and employees on leave to bond with a baby may be eligible for benefits under State Disability Insurance. Additional information is available at www.edd.ca.gov/Disabililty and from Human Resources.

SECTION 23: ADOPTION LEAVE

Upon request, a leave of absence without pay for up to four (4) work weeks will be granted to adoptive parents. Such leave must be used with in one year of the adoption. The city will pay health and welfare benefits for th e duration of the leave as the sa me rate as prior to the leave consistent with the contributions as provided for under the existing MOU.

If the employee is eligible for FMLA/CFRA (employed by the city for at least one year and worked at least 1250 hours during the year preceding the leave), employee may be eligible for up to 12 work weeks total (the above four (4) work weeks plus an additional eight (8) work weeks) for bonding with the adopted child during the first year after adoption. The employee may be eligible for health benefits during the twelve (12) work week period at the same rate as prior to the leave as provided for under the existing MOU.

SECTION 24: CATASTROPHIC LEAVE

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which would reduce his/her total accrued leave balances to less than 120 hours. Leave credits may be donated in any pay period. All leave donations are irrevocable. f. A leave of absence transfer drive will be held whenever necessary to provide for a minimum catastrophic leave bank balance which is the equivalent of 40 hours. g. Active employees wishing to donate sick l eave hours to the Catastrophic Leave bank will need to convert sick leave hours (m aintaining a minimum of 320 hours after donation) to vacation leave hours.
h. Upon retirement or resignation, an employee can contribute up to 10 hours of sick leave provided that the employee has a minimu m of 320 hours of sick leave, which has previously become vested.

Transfers may be in increments of one hour or more. All donations will be confidential. There will be no selling or coercion of employees to donate.

Donated leave hours will be converted to cash a nd deposited in a time-bank where it will be available for distribution. Checks will be issued to the recipient with the regular payroll, which will keep them in an active employment mode with the City. This procedure prevents overpayments or corrections since it comes after the actual leav e has been taken. (Conversion allows for adjustments for different rates of pay.) No employee shall receive payment for more than 100% of his or her regular pay.

An employee or their representative must complete a prescribed application form together with supporting medical documentation to the Human Resources Division when applying for funds.

SECTION 25: ABSENCE NOTIFICATION

An employee is expected not to be absent from work for any reason other than personal illness without making prior arrangements with their supervisor. Unless prior arrangements are made, an employee who, for any reason, fails to report for work must notify their supervisor of the reason for being absent by no later than 15 minutes prior to their scheduled start time. If the absence, whether for personal illness or otherwise, is to continue beyond the first day, the employee must notify the supervisor on a daily basis unless otherwise arranged with his/her supervisor. In proper cases, exceptions will be made.

SECTION 26: FAMILY MEDICAL LEAVE /CALIFORNIA FAMILY RIGHTS ACTS

The City of Cupertino shall comply with the leave provisions of the Family Medical Leave Act and the California Family Rights Act for employees who qualify for leave under these laws.

SECTION 27: EDUCATION REIMBURSEMENT PROGRAM

It is the intent of the City to recognize the value of continuing education and professional 366
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development of its employees; and to adopt an Education Reimbursement Program which will encourage employees to avail themselves of City job related educational opportunities that will advance their knowledge and interests in the direction of their career path. Courses should either: a) maintain or improve job skills in the employee’s current position; b) be expressly required by the City or by law; or c) prepare the employee to become a competitive applicant for a different position with the City.

Mandatory or annual coursework, attendance at conferences and training required to maintain job specific certifications or proficiencies are not included in the Education Reimbursement Program.

SECTION 28: CITY SPONSORED RECREATION AND WELLNESS PROGRAMS

City employees are eligible to participate in the City’s wellness program as provided for in the City’s Administrative Rules and Regulations.

SECTION 29: DUE PROCESS

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For demotions, suspensions of more than five days and termina tions of employment, the City will provide written notice of the intended actions including the reasons therefore; a copy of any documents upon which the City relied in taking its action and an opportunity to respond, either orally or in writing, prior to the effective date of the disciplinary action.

Said opportunity shall be as soon as is practical after having been served the written notice and shall not constitute any limitat ion otherwise available thr ough the grievance or appeal procedures. Any written warning in an employee’s file will be removed from the file after three years, if requested in writing by the employee.

SECTION 30: GRIEVANCE PROCEDURE

30.1 Definition: a grievance is a good faith dispute or differen ce of opinion of an employee involving the meaning, interpretation or application of the express provisions of the Memorandum of Understanding between the City of Cupertino and CEA.

30.2 Step 1: An employee (grievant) who has a grievance shall bring it to the attention of the employee's immediate supe rvisor within ten (10) calendar days of the occurrence of knowledge of the act that is the basis for the dispute. If the grie vant and the immediate supervisor are unable to resolve the matter within ten (10) calendar days of the date it is raised, the grievant has the right to submit a formal grievance to their next higher supervisor.

30.3 Step 2: If the grievance is not settled at Step 1 the grievant may submit a written grievance to the next higher supervisor within ten (10) calendar days after the supervisor’s oral answer in Step 1. The written grievance shall contain the following information:
a. The name, job classification and department of the grievant. b. The name of the grievant’s immediate supervisor.
c. A statement of the nature of the gr ievance including date and place of occurrence.
d. The specific provision alleged to have been violated. e. The remedy sought by the grievant.
f. If the grievant is not self-represented, the name of the individual or recognized employee organization designated to represent the grievant. g. Signature of grievant and date.
h. If the grievance is being submitted on be half of the grievant by the recognized employee organization, it shall be signed and dated by the representative of the employee organization.

The supervisor or designee shall discuss the grievance within ten (10) calendar days with the grievant and/or designa ted representative at a time mutually agreeable to the parties. If a settlement is not reache d, a written answer to the grievance shall be provided within ten (10) calendar days of the meeting.

30.4 Step 3: If the grievance is not settled at Step 2 the grievant may submit the grievance in writing to the grievant's Departme nt Head, or, alternativ ely, if the Department Head responded at Step 2, to the City Manager within ten ( 10) calendar days after the Step 2 written answer. The Department Head/City Manager shall discuss the grievance within ten (10) 368
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calendar days with the grievant and/or designated representative at a time mutually agreeable to the parties. If no settlement is reached, a writt en answer shall be provided within ten (10) calendar days of the meeting.

30.5 Step 4: If the grievance is not settle d at Step 3, the grievant may submit the grievance to advisory arbitration within 14 calendar days after receipt of the decision at Step 2.

Both the grievant/designated representative and th e City shall have the ri ght to strike two (2) names from the panel. The parties shall alternatively strike names until one remains. The person remaining shall be the advisory arbitrator.
b. The advisory arbitrator shall be notified of his/her selection and shall be requested to set a time and place for the he aring, subject to the availabili ty of the grievant/designated representative and City representatives.
c. The City or the grievant/designated repr esentative shall have th e right to request the arbitrator to require the presence of witnesses or documents. The City an d the grievant retain the right to employ legal counsel.
d. The advisory arbitrator shall submit his/ her recommendation in writing within thirty (30) days following the close of the hearing or the submission of briefs by the parties, whichever is later.
e. More than one grievance may be submitte d to the same advisory arbitrator if both parties mutually agree in writing.
f. The fees and expenses of the advisory ar bitrator and the cost of a written transcript shall be divided equally between the City and the grievant, or CEA/IFPTE Local 21, as appropriate; provided, however, that each party shall be responsible for compensating its own representatives and witnesses.

30.7 Limitations on Authority of Advisory Arbitrator: The advisory arbitrator shall have no right to amend, modify, ignore, add to, or subtract from the provisions of the Memorandum of Understanding. The advisory arbitrator shall consider and decide only the question of fact as to whether there has been a violation, misinte rpretation, or misapplication of the specific provisions of the MOU section or sections supporting the grieva nce. The advisory arbitrator shall be empowered to determine the issue rais ed by the grievance as submitted in writing at the second step. The advisory arbitrator shall have no authority to make a recommendation on any issue not so submitted or raised. The adviso ry arbitrator shall be without power to make recommendations contrary to or inconsistent w ith, in any way, applicable laws or rules and regulations of administrative bodi es that have the force and ef fect of law. The advisory arbitrator shall not in any way limit or interfere with the powers, duties and responsibilities of the City under law and applicable court decisions. The recommendation shall be advisory only to the City Manager. The City Manager will make the final decision.

SECTION 3
1: LAYOFF PROCEDURE

The appointing authority may lay off employees fo r lack of funds, lack of work or for other 369
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similar and just cause. The appointing authority will identify th e classification(s) subject to layoff. All classifications and all departments citywide are subject to layoff considerations.

Employees in a classification(s) identified fo r layoff shall be laid of f in reverse order of seniority, based on the date of the appointment to the classification. If an employee separates from City employment for a period of more than 30 days, the t ime off from City employment shall be deducted from an employee’s length of service for the purpose of determining seniority.

Employees being laid off shall be entitled to placement in a lower clas sification; provided (a) the employee was previously employed with regular status having completed the probationary period in that lower classification and (b) the employee has more total seniority with the City than an individual in the lower classification. Any employee being displaced by an employee opting to be placed in a lower classificati on shall be entitled to placement in the lower classification, subject to conditions (a) and (b) listed in this section.

The City will provide a 30 day notice to any em ployees identified for layoff and layoff pay in the amount of $2,500 at the time of layoff. Such notice will in clude the employee’s rights to placement in a lower classifica tion pursuant to this section. Medical, dental, vision, and life insurance continue through the end of the month in which the layoff is effective. In addition, the employee will be provided with an opportunity to elect to enroll in COBRA medical, dental, and/or vision coverage at the time of layoff and at employee expense.

The names of the employees affected by layoff shall be placed on a recall list for a period of two years in the reverse order of layoff and sha ll have the first opportunity for reinstatement.

Failure to respond within ten (10) business da ys to a written notice of such opportunity for reinstatement shall cause that name to be removed from the recall list. Such notice shall be sent by certified or registered mail to the address of the employee on file with the City. The affected employees shall be responsible for updating the City of any change in address during the time they are on the recall list.

SECTION 32: REINSTATEMENT

SECTION 33: CONTINUATION OF BENEFITS

SECTION 34: TELECOMMUTING / REMOTE WORK

CEA bargaining unit employees will be considered for telework and adhere to the policy of the City of Cupertino’s expanded telecommuting policy.

SECTION 35: SEPARABILITY

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In the event any provision of this agreement is finally held to be illegal by a court of competent jurisdiction or void as being in contravention of any law, rule or regulation of any government agency having jurisdiction over the subject set forth, then the remainder of the agreement shall continue in full force and effect unless the parts so found to be void are held inseparable from the remaining portion of the agreement.

SECTION 36: RATIFICATION

SECTION 37: REOPENER

SECTION 38: TERM

This agreement shall be effective commencing the first full pay period after Association ratification and adoption by the City Council and ending at 11:59 p.m. June 30, 20258.

SECTION 39: TOTAL COMPENSATION SURVEYS

Management and CEA agree to a compensa tion survey database structure which identifies specific benchmark classifications fo r job families, classifications within the job families of each benchmark classification, survey agencies, and survey classification matches.

Survey cities include:

1. Campbell

2. Los Altos

3. Los Gatos

4. Menlo Park

5. Milpitas

6. Morgan Hill

7. Mountain View

8. Palo Alto

9. San Mateo

10. Santa Clara

11. Saratoga

12. Sunnyvale

The survey data is intended to provide a source of informat ion concerning how the compensation paid to employees in bargaining unit job classifications compares to that paid by other public employers. The City will update the survey database and send a copy to CEA six weeks before expiration of this agreement. This survey data will be considered in successor agreement negotiations.

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CITY EMPLOYEES’ ASSOCIATION CITY OF CUPERTINO

_____________________________ _____________________________ Alex Corbalis Kristina Alfaro

_____________________________ _____________________________ Gian Paolo Martire Vanessa Guerra

_____________________________ _____________________________ Amanda Hui Anna Tang -Sam

_____________________________
N i c o l e L e e

______________________________ ______________________________ Monica Diaz Tina Kapoor

______________________________ ______________________________ Stanley Young, IFPTE Local 21 Christopher Boucher, Boucher Law

______________________________
C i t y A t t o r n e y, Approved as to form

D a t e : D a t e :

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EXHIBIT A
SECTION 2: SALARY SCHEDULE

Salaries Effective June 3, 2025

Classification Step 1 Step 2 Step 3 Step 4 Step 5
ACCOUNT CLERK I $34.56 $36.29 $38.11 $40.01 $42.01
ACCOUNT CLERK II $38.11 $40.01 $42.01 $44.11 $46.32 ASSISTANT ENGINEER $58.47 $61.38 $64.45 $67.68 $71.06 ASSISTANT HOUSING COORDINATOR $52.65 $55.28 $58.04 $60.94 $63.99 ASSISTANT PLANNER $52.65 $55.28 $58.04 $60.94 $63.99 ASSOCIATE CIVIL ENGINEER $63.01 $66.15 $69.46 $72.94 $76.58 ASSOCIATE PLANNER $56.74 $59.57 $62.55 $65.68 $68.96 BUILDING INSPECTOR $55.70 $58.48 $61.41 $64.48 $67.70 CASE MANAGER $42.57 $44.70 $46.94 $49.28 $51.75
CODE ENFORCEMENT OFFICER $47.69 $50.07 $52.58 $55.21 $57.97 COMMUNITY OUTREACH SPECIALIST $44.09 $46.30 $48.61 $51.04 $53.59 ENGINEERING TECHNICIAN $45.95 $48.24 $50.66 $53.19 $55.85 ENV. PROG. COMPLIANCE TECHNICIAN $41.40 $43.47 $45.65 $47.93 $50.33 ENV. PROGRAMS SPECIALIST $53.37 $56.04 $58.85 $61.79 $64.88

ENVIRONMENTAL PROGRAMS
ASSISTANT $46.27 $48.58 $51.01 $53.56 $56.24
FACILITY ATTENDANT $32.36 $33.97 $35.67 $37.46 $39.33 GIS TECHNICIAN $45.95 $48.24 $50.66 $53.19 $55.85
MULTIMEDIA COMMUNICATIONS SPEC $58.15 $61.06 $64.11 $67.32 $70.68 OFFICE ASSISTANT $32.51 $34.14 $35.85 $37.64 $39.52 PERMIT TECHNICIAN $42.79 $44.93 $47.18 $49.53 $52.01 PLAN CHECK ENGINEER $64.45 $67.66 $71.05 $74.60 $78.33 PUBLIC WORKS INSPECTOR $55.70 $58.48 $61.41 $64.48 $67.70 RECEPTIONIST/CLERK $29.28 $30.74 $32.28 $33.90 $35.59 RECREATION ASSISTANT $20.94 $21.99 $23.09 $24.24 $25.46 RECREATION COORDINATOR $42.33 $44.45 $46.67 $49.01 $51.46 SENIOR BUILDING INSPECTOR $59.51 $62.49 $65.61 $68.89 $72.34 SENIOR CODE ENFORCEMENT OFFICER $50.12 $52.63 $55.26 $58.02 $60.93 SENIOR ENGINEERING TECHNICIAN $49.52 $51.99 $54.59 $57.32 $60.19 SENIOR OFFICE ASSISTANT $36.10 $37.91 $39.80 $41.79 $43.88 SENIOR PLANNER $60.84 $63.88 $67.07 $70.43 $73.95
SENIOR TRAFFIC TECHNICIAN $49.52 $51.99 $54.59 $57.32 $60.19 SPECIAL PROGRAMS COORDINATOR $34.95 $36.70 $38.53 $40.46 $42.48 TRAFFIC SIGNAL TECH APPRENTICE $44.51 $46.74 $49.08 $51.53 $54.11 TRAFFIC SIGNAL TECHNICIAN $51.53 $54.11 $56.81 $59.65 $62.64 TRAFFIC TECHNICIAN $45.95 $48.24 $50.66 $53.19 $55.85 373
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Salary Effective July 15, 2025

Year 1 - Salary Effective First Full Pay Period in July 2025

Year 2 - Salary Effective First Full Pay Period in July 2026

Classification Step 1 Step 2 Step 3 Step 4 Step 5
ACCOUNT CLERK I 37.38 39.25 41.21 43.27 45.44
ACCOUNT CLERK II 41.21 43.27 45.44 47.71 50.09
ASSISTANT CIVIL ENGINEER 63.23 66.39 69.71 73.20 76.85
ASSISTANT HOUSING COORDINATOR 56.94 59.78 62.77 65.91 69.21 ASSISTANT PLANNER 56.94 59.78 62.77 65.91 69.21
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ASSOCIATE CIVIL ENGINEER 68.15 71.55 75.12 78.89 82.82
ASSOCIATE PLANNER 61.36 64.43 67.65 71.03 74.58
BUILDING INSPECTOR 60.24 63.25 66.41 69.73 73.22
CASE MANAGER 46.04 48.34 50.76 53.30 55.96
CODE ENFORCEMENT OFFICER 51.58 54.15 56.86 59.71 62.69
COMMUNITY OUTREACH SPECIALIST 47.69 50.07 52.57 55.20 57.96 ENGINEERING TECHNICIAN 49.69 52.18 54.78 57.52 60.40
ENV. PROG. COMPLIANCE TECHNICIAN 44.78 47.02 49.37 51.84 54.43 ENV. PROGRAMS SPECIALIST 57.72 60.61 63.64 66.82 70.16
ENVIRONMENTAL PROGRAMS ASSISTANT 50.04 52.54 55.17 57.93 60.82 FACILITY ATTENDANT 34.99 36.74 38.58 40.51 42.53
GIS TECHNICIAN 49.69 52.18 54.78 57.52 60.40
MULTIMEDIA COMMUNICATIONS SPEC 62.89 66.03 69.34 72.80 76.44 OFFICE ASSISTANT 35.16 36.92 38.77 40.71 42.74
PERMIT TECHNICIAN 46.28 48.59 51.02 53.57 56.25
PLAN CHECK ENGINEER 69.70 73.18 76.84 80.68 84.71
PUBLIC WORKS INSPECTOR 60.24 63.25 66.41 69.73 73.22
RECEPTIONIST/CLERK 31.67 33.25 34.91 36.66 38.49
RECREATION ASSISTANT 22.65 23.78 24.97 26.22 27.53
RECREATION COORDINATOR 45.78 48.07 50.47 53.00 55.65
SENIOR BUILDING INSPECTOR 64.36 67.58 70.96 74.51 78.23 SENIOR CODE ENFORCEMENT OFFICER 54.21 56.92 59.76 62.75 65.89 SENIOR ENGINEERING TECHNICIAN 53.55 56.23 59.04 61.99 65.09 SENIOR HOUSING COORDINATOR 65.80 69.09 72.54 76.17 79.98 SENIOR OFFICE ASSISTANT 39.04 40.99 43.04 45.20 47.46
SENIOR PLANNER 65.80 69.09 72.54 76.17 79.98
SENIOR TRAFFIC TECHNICIAN 53.55 56.23 59.04 61.99 65.09 SPECIAL PROGRAMS COORDINATOR 37.80 39.69 41.67 43.76 45.94 TRAFFIC SIGNAL TECH-APPRENTICE 48.14 50.55 53.08 55.73 58.52 TRAFFIC SIGNAL TECHNICIAN 55.73 58.52 61.44 64.52 67.74 TRAFFIC TECHNICIAN 49.69 52.18 54.78 57.52 60.40

Year 3 - Salary Effective First Full Pay Period in July 2027

Classification Step 1 Step 2 Step 3 Step 4 Step 5
ACCOUNT CLERK I 38.50 40.43 42.45 44.57 46.80
ACCOUNT CLERK II 42.45 44.57 46.80 49.14 51.60
ASSISTANT CIVIL ENGINEER 65.13 68.38 71.80 75.39 79.16
ASSISTANT HOUSING COORDINATOR 58.64 61.58 64.66 67.89 71.28 ASSISTANT PLANNER 58.64 61.58 64.66 67.89 71.28
ASSOCIATE CIVIL ENGINEER 70.19 73.69 77.38 81.25 85.31
ASSOCIATE PLANNER 63.20 66.36 69.68 73.16 76.82
BUILDING INSPECTOR 62.04 65.15 68.40 71.82 75.42
CASE MANAGER 47.42 49.79 52.28 54.90 57.64
CODE ENFORCEMENT OFFICER 53.12 55.78 58.57 61.50 64.57
COMMUNITY OUTREACH SPECIALIST 49.12 51.57 54.15 56.86 59.70 ENGINEERING TECHNICIAN 51.18 53.74 56.43 59.25 62.21
ENV. PROG. COMPLIANCE TECHNICIAN 46.12 48.43 50.85 53.39 56.06 ENV. PROGRAMS SPECIALIST 59.46 62.43 65.55 68.83 72.27
ENVIRONMENTAL PROGRAMS ASSISTANT 51.54 54.12 56.82 59.66 62.65 FACILITY ATTENDANT 36.04 37.84 39.74 41.72 43.81
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GIS TECHNICIAN 51.18 53.74 56.43 59.25 62.21
MULTIMEDIA COMMUNICATIONS SPEC 64.78 68.01 71.42 74.99 78.74 OFFICE ASSISTANT 36.22 38.03 39.93 41.93 44.02
PERMIT TECHNICIAN 47.67 50.05 52.55 55.18 57.94
PLAN CHECK ENGINEER 71.79 75.37 79.14 83.10 87.25
PUBLIC WORKS INSPECTOR 62.04 65.15 68.40 71.82 75.42
RECEPTIONIST/CLERK 32.62 34.25 35.96 37.76 39.65
RECREATION ASSISTANT 23.33 24.50 25.72 27.01 28.36
RECREATION COORDINATOR 47.16 49.51 51.99 54.59 57.32
SENIOR BUILDING INSPECTOR 66.29 69.61 73.09 76.74 80.58 SENIOR CODE ENFORCEMENT OFFICER 55.83 58.63 61.56 64.64 67.87 SENIOR ENGINEERING TECHNICIAN 55.16 57.92 60.81 63.85 67.04 SENIOR HOUSING COORDINATOR 67.77 71.16 74.72 78.45 82.38 SENIOR OFFICE ASSISTANT 40.21 42.22 44.34 46.55 48.88
SENIOR PLANNER 67.77 71.16 74.72 78.45 82.38
SENIOR TRAFFIC TECHNICIAN 55.16 57.92 60.81 63.85 67.04 SPECIAL PROGRAMS COORDINATOR 38.93 40.88 42.92 45.07 47.32 TRAFFIC SIGNAL TECH-APPRENTICE 49.59 52.07 54.67 57.40 60.27 TRAFFIC SIGNAL TECHNICIAN 57.40 60.27 63.29 66.45 69.77 TRAFFIC TECHNICIAN 51.18 53.74 56.43 59.25 62.21

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RESOLUTION NO. 25-XXX

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO REVISING THE CITY OF CUPERTINO AND IFPTE LOCAL 21 CUPERTINO EMPLOYEES’ ASSOCIATION MEMORANDUM OF UNDERSTANDING

WHEREAS the City Council desires to revise the City of Cupertino and IFPTE Local 21 Cupertino Employees’ Association Memorandum of Understanding.

NOW, THEREFORE, BE IT RESOLVED that the City of Cupertino and IFPTE Local 21 Cupertino Employees’ Association Memorandum of Understanding be revised which is incorporated in this resolution by this reference and attached as Attachment B.

PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 21st day of October, 2025, by the following vote:

Members of the City Council
AYES:

NOES:

ABSENT:

ABSTAIN:

SIGNED:

________
Liang Chao, Mayor
City of Cupertino

________________________
Date
ATTEST:

________
Kirsten Squarcia, City Clerk

________________________
Date

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RESOLUTION NO. 25-XXX

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AMENDING THE OPERATING BUDGET FOR FISCAL YEAR 2025-26 BY

APPROPRIATING, TRANSFERRING, AND UNAPPROPRIATING MONIES

FOR SPECIFIED FUNDS

WHEREAS, the orderly administration of municipal government depends on a sound fiscal policy of maintaining a proper ratio of expenditures within anticipated revenues and available monies; and

WHEREAS, accomplishing City Council directives, projects and programs, and performing staff duties an d responsibilities likewise depends on the monies available for that purpose; and

WHEREAS, the City Manager has determined that the balances from the funds specified in this resolution are adequate to cover the proposed amended appropriations, and therefo re recommends the fund reallocations described herein.

NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby approve the recommended fund reallocations and ratifies the attached amended appropriations as set forth in Exhibit A.

PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 21st day of October 2025, by the following vote:

Members of the City Council

AYES:

NOES:

ABSENT:

ABSTAIN:

SIGNED:

________

________________________
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Resolution No. __________________

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Cupertino City CouncilOctober 21, 2025

Cupertino City Council
October 21, 2025