Agenda packet — Diamond Bar City Council, February 17, 2026 (part 1 of 2)

________________________________________________________________________________________________________________________ City of Diamond Bar City Council
City of Diamond Bar
City Council
Agenda
Steve Tye, Mayor
Ruth M. Low, Mayor Pro Tem
Andrew Chou, Council Member
Stan Liu, Council Member
Chia Yu Teng, Council Member
City Manager Dan Fox ● City Attorney Omar Sandoval ● City Clerk Kristina Santana Meeting Date: Tuesday, February 17, 2026
Study Session 5:30 p.m.

Regular Meeting 6:30 p.m.

South Coast Air Quality Management District/Main Auditorium 21865 Copley Drive, Diamond Bar, CA 91765

WELCOME TO A MEETING OF THE DIAMOND BAR CITY COUNCIL
Meetings are open to the public, and you are invited to attend and participate.

Agendas for regular City Council meetings are available 72 hours prior to the meeting and are posted in the City’s regular posting locations, on DBTV and on the City’s website. The City Council may take action on any item listed on the agenda.

HOW TO ACCESS THE MEETING REMOTELY
Television: Spectrum Cable Channel 3 and Frontier FiOS television Channel 47 Internet: City’s YouTube Channel (diamondbarca.gov/youtube) Listen-Only: Call +1 (914) 614-3221, Access Code: 594-748-101 Participate: Join Go To Webinar
(https://attendee.gotowebinar.com/register/8502733877648126811)

RESOURCES
Copies of agendas and agenda packets are on file and available for public inspection at the City Clerk's Office at 21810 Copley Drive, Diamond Bar, CA 91765 or online at www.diamondbarca.gov/agendas. For more information about agendas or rules of the City Council, please email the City Clerk's office ([email protected]) or call 909-839-7010.

AMERICANS WITH DISABILITY ACT ACCOMMODATION
In compliance with the Americans with Disabilities Act, if you need special assistance, a disabilityrelated modification or accommodation, agenda materials in an alternative format, or auxiliary aids to participate in this meeting, please email the City Clerk's office ([email protected]) or call 909-839-7010 as soon as possible. Providing at least 72 hours’ notice will help ensure that reasonable arrangements can be made.

PUBLIC INPUT
The public may provide public comment by attending the meeting in person, by sending an email, or by logging into the teleconference. Please email public comments to the City Clerk

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Diamond Bar City Council Agenda February 17, 2026
________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________ City of Diamond Bar City Council
([email protected]) by 4:00 p.m. on the day of the meeting and indicate in the Subject Line “FOR PUBLIC COMMENT.” Written comments will be distributed to the City Council Members, noted for the record at the meeting, and posted on the City’s official agenda webpage: www.diamondbarca.gov/agendas. Please note that the meeting will proceed at the South Coast Air Quality Management District/Main Auditorium should comments by teleconferencing become infeasible due to an internet or power outage, or due to technical problems outside the City's control. If you wish to make certain that your comments are heard, please attend the meeting in person or send an email by 4:00 p.m. on the day of the meeting/hearing.

Speakers are limited to five (5) minutes per agenda item, unless the Mayor determines otherwise. The Mayor may adjust this time limit depending on the number of people wishing to speak, the complexity of the matter, the length of the agenda, the hour and any other relevant consideration.

Speakers may address the Council only once on an agenda item, except during public hearings, when the applicant/appellant may be afforded a rebuttal. Any material to be submitted to the City Council at the meeting should be submitted through the City Clerk.

Public comments must be directed to the City Council. A person who disrupts the orderly conduct of the meeting after being warned by the Mayor or the Mayor’s designee that their behavior is disrupting the meeting may result in the person being removed from the meeting.

LIVE MEETING NOTICE
This meeting is being video recorded and by participating you are giving your permission to be televised. This meeting will be rebroadcast every Saturday and Sunday at 9:00 a.m. and alternate Tuesdays at 8:00 p.m.

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1. STUDY SESSION: 5:30 p.m., CC-8 Conference Room

1.1 False Alarm Reduction Program Review.

2. CALL TO ORDER: 6:30 p.m., Main Auditorium
PLEDGE OF ALLEGIANCE: Mayor Tye
INVOCATION: Pastor Tino Cordova, Diamond Bar United Church of Christ ROLL CALL: Council Members Chou, Liu, Teng, Mayor Pro Tem Low, Mayor Tye APPROVAL OF AGENDA: Mayor Tye

3. SPECIAL PRESENTATIONS, CERTIFICATES, PROCLAMATIONS: None.

4. CITY MANAGER REPORTS AND RECOMMENDATIONS:

5. PUBLIC COMMENTS:
“Public Comments” is the time reserved on each regular meeting agenda to provide an opportunity for members of the public to directly address the Council on Consent Calendar items or other matters of interest not on the agenda that are within the subject matter jurisdiction of the Council. Although the City Council values your comments, pursuant to the Brown Act, members of the City Council or Staff may briefly respond to public comments if necessary, but no extended discussion and no action on such matters may take place. There is a five-minute maximum time limit when addressing the City Council.

6. SCHEDULE OF FUTURE EVENTS:

6.1 Planning Commission Meeting - February 24, 2026, 6:30 p.m., City Hall Windmill Room, 21810 Copley Dr.

6.2 Free Catalytic Converter Etching - February 25, 2026, 9:00 - 11:00 a.m., Calvary Chapel Golden Springs, 22324 Golden Springs Dr.

6.3 City Council Meeting - March 3, 2026, 6:30 p.m., South Coast Air Quality Management District – Auditorium, 21865 Copley Dr.

7. CONSENT CALENDAR:

All items listed on the Consent Calendar are considered by the City Council to be routine and will be acted on by a single motion unless a City Council Member or member of the public request otherwise, in which case, the item will be removed for separate consideration.

7.1 City Council Minutes of the February 3, 2026 Regular Meeting.

Recommended Action:

Approve the February 3, 2026 Regular City Council meeting minutes.

7.2 Ratification of Check Register Dated January 28, 2026 through February 10, 2026 totaling $899,876.38.

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Ratify the Check Register.

7.3 Treasurer's Statement.

Recommended Action:

Approve the January 2026 Treasurer’s Statement.

7.4 Appropriation for Special Legal Counsel Services.

Recommended Action:

Appropriate $100,000 from the available General Fund Unassigned fund balance for Special Legal Services.

7.5 Exchange Agreement with the Los Angeles County Metropolitan Transportation Authority for Assignment of Federal Surface Transportation Program - Local Funds, and Second Amendment to Consulting Services Agreement with MNS Engineers, Inc. for the Diamond Bar Blvd Complete Streets Project.

Recommended Action:

A. Determine that approving the fund exchange agreement and consulting services agreement amendment for the Project, are exempt from the California Environmental Quality Act (CEQA) under Section 15301(c) of the CEQA Guidelines; B. Approve, and authorize the City Manager to sign, the Exchange Agreement with the Los Angeles County Metropolitan Authority for the STP-L fund of the Diamond Bar Complete Streets Project in a not-to-exceed amount of $1,166,000; and C. Approve, and authorize the City Manager to sign, the Second Amendment to the Consulting Service Agreement with MNS Engineers, Inc., in a not-to-exceed amount of $75,170.

8. PUBLIC HEARINGS: None.

9. COUNCIL CONSIDERATION:

9.1 Annual Comprehensive Financial Report (ACFR) for the Fiscal Year Ended June 30, 2025.

Recommended Action:

Receive and file the FY 2024/25 Annual Comprehensive Financial Report.

10. COUNCIL SUB-COMMITTEE REPORTS AND MEETING ATTENDANCE REPORTS:

11. ADJOURNMENT:

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CERTIFICATION
I, Kristina Santana, MMC, City Clerk, City of Diamond Bar, hereby certify, under penalty of perjury under the laws of the State of California that the foregoing notice was posted pursuant to Government Code Section 54950 Et. Seq., not less than 72 hours prior to the meeting, at the following locations: Diamond Bar City Hall Kiosk, Diamond Bar City Hall Bulletin Board, City website: www.diamondbarca.gov, and Diamond Bar Library.

Kristina Santana, MMC
City Clerk
Date Posted: February 12, 2026

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Agenda Item #: 1.1
Meeting Date: February 17, 2026

CITY COUNCIL STUDY SESSION REPORT
TO: Honorable Mayor and Members of the City Council
VIA: Daniel Fox, City Manager
FROM: Cathy Nguyen, Management Analyst, City Manager's Office TITLE: False Alarm Reduction Program Review.

BACKGROUND:

The recent concerns surrounding the future deficit, increased costs in public safety contracts and residential burglaries sparked more in-depth conversations about how the City can re-allocate resources to better serve the community. One of the ways to address this is to reduce the number of false alarm calls. From 2023 to 2025, the Los Angeles County Sheriff's Department responded to 3,877 false alarm calls. In 1993, City Council passed Resolution 93-68, which established a service charge for false alarms. However, fees are not being collected.

While Sec. 5.08.030. includes relevant definitions and general requirements, there are opportunities for enhancement.

ANALYSIS:

In 2025, City staff assessed 58 California municipalities to determine how false alarms are managed and whether there is a program in place. Data collected include: county (62% from Los Angeles); population (various sizes, based on 2024 U.S. Census estimates); municipal code; third party used; permit cost; and fees per false alarm occurrence. While fifty-seven (57) of the assessed cities have a municipal code that addresses false alarms, 42 have an "active" program in place that consists of a fee schedule and billing process as well as a dedicated web-page. Of the 42 cities, more than half (25) utilize a third party to manage and administer the program.

Relaunching the false alarm program would be a significant undertaking for the City — especially during a time when resources are already strained. On December 19, 2025, a Request for Proposal (RFP) was released on PlanetBids, which resulted in 4 received proposals that City staff is currently reviewing. Once false alarm fees can be collected, there will be a percentage split between the City and third party, from which revenues can be used to offset public safety costs.

To provide a stronger foundation for successful execution of a false alarm reduction program, the City Attorney is currently making draft revisions to the existing municipal code by adding requirements for alarm users and companies, establishing a procedure for alarm permits and defining consequences for excessive false alarms within a 12-month period.

STAFF'S RECOMMENDATION: Update false alarm language within the municipal code by adding Chapter 8.27.

Alarm Systems. Onboard a third party to manage and administer the false alarm program. Develop a community outreach campaign to promote educational awareness.

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Agenda Item #: 1.1
Meeting Date: February 17, 2026
ATTACHMENTS:

None

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Agenda Item #: 7.1
Meeting Date: February 17, 2026

CITY COUNCIL AGENDA REPORT
TO: Honorable Mayor and Members of the City Council
FROM: Daniel Fox, City Manager
SUBJECT: City Council Minutes of the February 3, 2026 Regular Meeting.

STRATEGIC GOAL: Open, Engaged and Responsive Government RECOMMENDATION:

Approve the February 3, 2026 Regular City Council meeting minutes.

FINANCIAL IMPACT:

None.

BACKGROUND:

Government Code Section 36814 mandates the City Clerk to keep an accurate record of the City Council's proceedings.

ANALYSIS:

Minutes have been prepared and are being presented for approval.

PREPARED BY:

Kristina Santana, City Clerk, City Clerk's Office
ATTACHMENTS:

1. February 3, 2026 City Council Regular Meeting Minutes

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CITY OF DIAMOND BAR

MINUTES OF THE CITY COUNCIL CLOSED SESSION,

STUDY SESSION AND REGULAR MEETING

SOUTH COAST AIR QUALITY MANAGEMENT DISTRICT/MAIN AUDITORIUM 21865 COPLEY DRIVE, DIAMOND BAR, CA 91765
FEBRUARY 3, 2026

1. CLOSED SESSION: Mayor Tye opened the Closed Session at 4:32 p.m. All Council Members were present.

Public Employee Performance Evaluation
Pursuant to Government Code section 54957.

There were no public comments provided.

Mayor Tye adjourned the Closed Session at 5:33 p.m.

2. STUDY SESSION: Mayor Tye opened the Study Session at 5:40 p.m. All Council Members were present.

2.1 PONY Public/Private Partner, Opportunity.

ACM/McLean presented the report and responded to Council Member questions.

There were no public comments provided.

The City Council provided consensus for staff to move forward with continuing to study this public private partnership opportunity.

2.2 MUSCO Mini Pitch System Opportunity.

PRD/Wright presented the report and responded to Council Member questions.

There were no public comments provided.

The City Council provided consensus for staff to move forward with installation at the proposed location.

Mayor Tye adjourned the Study Session at 6:34 p.m.

3. CALL TO ORDER: Mayor Tye called the Regular City Council meeting to order at 6:39 p.m. in the South Coast Air Quality Management District Main Auditorium, 21865 Copley Drive, Diamond Bar, CA 91765.

PLEDGE OF ALLEGIANCE: Mayor Pro Tem Low led the Pledge of Allegiance.

INVOCATION: Gloria Catlin, Children’s Ministry Director, Landmark Church

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FEBRUARY 3, 2026 PAGE 2 CITY COUNCIL
ROLL CALL: Council Members Andrew Chou, Stan Liu, Chia Yu Teng, Mayor Pro Tem Ruth M. Low, Mayor Steve Tye

Absent: None.

Staff present in person: Dan Fox, City Manager; Omar Sandoval, City Attorney; Ryan McLean, Assistant City Manager; Amy Haug, Human Resources and Risk Manager; Cecilia Arellano, Community Relations Manager; Joan Cruz, Administrative Coordinator; Kristina Santana, City Clerk.

Staff present telephonically: Greg Gubman, Community Development Director; Hal Ghafari, Public Works Manager/Assistant City Engineer.

Others present: Nancy Farias, Deputy, Diamond Bar/Walnut Sheriff’s Station; Stephen Tousey, Captain, Diamond Bar/Walnut Sheriff’s Station.

APPROVAL OF AGENDA: CA/Sandoval announced that the City Council met in Closed Session at 5:30 p.m. and there was no reportable action. CM/Fox noted a correction to Item 3. Mayor Tye approved the agenda as presented.

4. SPECIAL PRESENTATIONS, CERTIFICATES, PROCLAMATIONS:

4.1 Proclamation for Lunar New Year.

The City Council presented the proclamation to the Diamond Bar Chinese American Association.

5. CITY MANAGER REPORTS AND RECOMMENDATIONS:

6. PUBLIC COMMENTS:

The following provided public comments:

Cynthia Yu, Diamond Bar Library Manager
Dr. Douglas Barcon, resident
CC/Santana reported that no emails and were submitted for public comment, and no guests on the teleconference line requested to speak under Public Comments.

7. SCHEDULE OF FUTURE EVENTS: CM/Fox presented the Schedule of Future Events.

8. CONSENT CALENDAR: C/Chou moved, MPT/Low seconded, to approve the Consent Calendar. Motion carried 5-0 by the following Roll Call vote:

AYES: COUNCIL MEMBERS: Chou, Liu, Teng, MPT/Low, M/Tye
NOES: COUNCIL MEMBERS: None

Page 10 of 230 ends

FEBRUARY 3, 2026 PAGE 3 CITY COUNCIL

ABSENT: COUNCIL MEMBERS: None

8.1 Approved January 20, 2026 City Council Regular Meeting Minutes.

8.2 Ratified Check Register Dated January 14, 2026 through January 27, 2026 Totaling $1,304,182.78.

8.3 Approved the Black History Month Proclamation.

8.4 Approved Notice of Completion for Brea Canyon Road Storm Drain Lining Project (CIP No. PW23403).

9. PUBLIC HEARINGS: None.

10. COUNCIL CONSIDERATION: None.

11. COUNCIL SUBCOMMITTEE REPORTS AND MEETING ATTENDANCE REPORTS/COUNCIL MEMBER COMMENTS:

The following Council Members provided a report on meetings attended at the expense of the local agency per Government Code 53232.3(d).

Council Member Teng reported attending the Diamond Bar High School Dance Company Dance Performance.

Mayor Pro Tem Low reported attending the Diamond Bar Senior Citizens Association Meeting.

Mayor Tye also reported attending the Diamond Bar Senior Citizens Association Meeting.

12. ADJOURNMENT: With no further business to conduct, M/Tye adjourned the Regular City Council Meeting at 7:02 p.m.

Respectfully Submitted,
__________________________
Kristina Santana, City Clerk
The foregoing minutes are hereby approved this 17th day of February, 2026. __________________________
Steve Tye, Mayor

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Agenda Item #: 7.2
Meeting Date: February 17, 2026

CITY COUNCIL AGENDA REPORT
TO: Honorable Mayor and Members of the City Council
FROM: Daniel Fox, City Manager
SUBJECT: Ratification of Check Register Dated January 28, 2026 through February 10, 2026 totaling $899,876.38.

STRATEGIC GOAL: Open, Engaged and Responsive Government RECOMMENDATION:

Ratify the Check Register.

FINANCIAL IMPACT:

Expenditure of $899,876.38.

BACKGROUND:

The City has established the policy of issuing accounts payable checks on a bi-weekly basis with City Council ratification at the next scheduled City Council Meeting. The attached check register containing checks dated January 28, 2026 through February 10, 2026 totaling $899,876.38 is being presented for ratification.

ANALYSIS:

All payments have been made in compliance with the City's purchasing policies and procedures. The attached Affidavit affirms that the check register has been audited and deemed accurate.

PREPARED BY:

Luisa Allen, Senior Accounting Technician, Finance
ATTACHMENTS:

1. Check Register Affidavit 2-17-2026

2. Check Register 2-17-2026

Page 12 of 230 ends

Page 13 of 230 ends

City of Diamond Bar Check Register
CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 17995 1/28/2026 SOUTHERN CALIFORNIA EDISON 652 S BREA CYN RD (122225-012126) 238638 52210 $8.49 CHECK TOTAL $8.49
17996 1/28/2026 SOUTHERN CALIFORNIA EDISON 3334 1/2 S BREA CYN RD PED (122325- 012226)
100630 52210 $110.59
CHECK TOTAL $110.59
17997 1/28/2026 SOUTHERN CALIFORNIA EDISON 858 S BREA CYN RD PED (122225- 012126)
238638 52210 $18.96
CHECK TOTAL $18.96
17998 1/29/2026 SOUTHERN CALIFORNIA EDISON TRAFFIC CONTROL - 809 S DBB - TC-1 100655 52210 $122.12 CHECK TOTAL $122.12
17999 1/29/2026 SOUTHERN CALIFORNIA EDISON TRAFFIC CONTROL - 553 DBB/VARIOUS - TC-1
100655 52210 $1,267.21
CHECK TOTAL $1,267.21
18000 2/2/2026 SOUTHERN CALIFORNIA EDISON PARKS (122925-012726) 100630 52210 $3,739.35 CHECK TOTAL $3,739.35
18002 2/2/2026 SOUTHERN CALIFORNIA EDISON D39 PED (122925-012726) 239639 52210 $144.16 CHECK TOTAL $144.16
18003 2/2/2026 SOUTHERN CALIFORNIA EDISON D38 PED (122925-012726) 238638 52210 $391.15 CHECK TOTAL $391.15
18004 2/2/2026 SOUTHERN CALIFORNIA EDISON D38 PED (121225-011226) 238638 52210 $14.39 CHECK TOTAL $14.39
18005 2/2/2026 SOUTHERN CALIFORNIA EDISON D41 PED (122925-012726) 241641 52210 $86.01 CHECK TOTAL $86.01
18006 2/3/2026 SOUTHERN CALIFORNIA EDISON SAFETY LIGHTS - 1798 DBB/22566 GLDN SPRGS - LS-2
100655 52210 $195.55
CHECK TOTAL $195.55
18007 2/3/2026 SOUTHERN CALIFORNIA EDISON SAFETY LIGHTS - 24230 GOLDEN SPRINGS - LS-2
100655 52210 $82.72
CHECK TOTAL $82.72
18008 2/3/2026 SOUTHERN CALIFORNIA EDISON SAFETY LIGHTS - 21010 WASHINGTON AVE - LS-2
100655 52210 $103.99

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City of Diamond Bar Check Register
CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT CHECK TOTAL $103.99
18009 2/3/2026 SOUTHERN CALIFORNIA EDISON SAFETY LIGHTS - 3201 DBB - LS-2 100655 52210 $130.70 CHECK TOTAL $130.70
18010 2/3/2026 SOUTHERN CALIFORNIA EDISON SAFETY LIGHTS - BREA CYN/FALLOWFIELD - LS-2
100655 52210 $86.63
CHECK TOTAL $86.63
18011 2/3/2026 SOUTHERN CALIFORNIA EDISON SAFETY LIGHTS - BREA CYN/OAKCREST - LS-2
100655 52210 $65.99
CHECK TOTAL $65.99
18012 2/3/2026 SOUTHERN CALIFORNIA EDISON SAFETY LIGHTS - 1003 GOLDEN SPRINGS - LS-1
100655 52210 $114.76
CHECK TOTAL $114.76
18013 2/3/2026 SOUTHERN CALIFORNIA EDISON SAFETY LIGHTS - VARIOUS LS-1 100655 52210 $747.31 CHECK TOTAL $747.31
18014 2/3/2026 SOUTHERN CALIFORNIA EDISON SAFETY LIGHTS - 22805 GOLDEN SPRINGS - LS-2
100655 52210 $108.92
CHECK TOTAL $108.92
18015 2/3/2026 SOUTHERN CALIFORNIA EDISON SAFETY LIGHTS - 1025 BREA CYN - LS-2 100655 52210 $138.70 CHECK TOTAL $138.70
18016 2/3/2026 SOUTHERN CALIFORNIA EDISON SAFETY LIGHTS - 21325 PATHFINDER RD - LS-2
100655 52210 $238.79
CHECK TOTAL $238.79
18017 2/3/2026 SOUTHERN CALIFORNIA EDISON SAFETY LIGHTS - 21250 GOLDEN SPRINGS - LS-2
100655 52210 $87.13
CHECK TOTAL $87.13
18018 2/3/2026 SOUTHERN CALIFORNIA EDISON TRAFFIC CONTROL - DBB N/W @ TEMPLE - TC-1
100655 52210 $118.95
CHECK TOTAL $118.95
18019 2/3/2026 SOUTHERN CALIFORNIA EDISON SAFETY LIGHTS - 21615 GATEWAY CTR DR - LS-2
100655 52210 $87.13
CHECK TOTAL $87.13
18020 2/3/2026 SOUTHERN CALIFORNIA EDISON SAFETY LIGHTS - 3798 S BREA CYN RD - LS-2
100655 52210 $65.36
CHECK TOTAL $65.36

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City of Diamond Bar Check Register
CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 18021 2/3/2026 SOUTHERN CALIFORNIA EDISON SAFETY LIGHTS - 2201 DBB - LS-2 100655 52210 $87.13 CHECK TOTAL $87.13
18022 2/3/2026 SOUTHERN CALIFORNIA EDISON SAFETY LIGHTS - 1DBB TEMPLE - LS-2 100655 52210 $124.48 CHECK TOTAL $124.48
18023 2/4/2026 SOUTHERN CALIFORNIA EDISON DBC (010226-020126) 100510 52210 $5,780.29 CHECK TOTAL $5,780.29
18024 1/30/2026 TASC FLEX SPENDING MEDICAL/CHILDCARE
01/30/2026
201 21118 $4.75
1/30/2026 TASC FLEX SPENDING MEDICAL/CHILDCARE
01/30/2026
238 21118 $8.13
1/30/2026 TASC FLEX SPENDING MEDICAL/CHILDCARE
01/30/2026
239 21118 $8.13
1/30/2026 TASC FLEX SPENDING MEDICAL/CHILDCARE
01/30/2026
241 21118 $8.13
1/30/2026 TASC FLEX SPENDING MEDICAL/CHILDCARE
01/30/2026
250 21118 $30.43
1/30/2026 TASC FLEX SPENDING MEDICAL/CHILDCARE
01/30/2026
207 21118 $51.63
1/30/2026 TASC FLEX SPENDING MEDICAL/CHILDCARE
01/30/2026
206 21118 $109.05
1/30/2026 TASC FLEX SPENDING MEDICAL/CHILDCARE
01/30/2026
100 21118 $1,950.78
CHECK TOTAL $2,171.03
18025 1/30/2026 VANTAGEPOINT TRNSFR AGNTS303248DEFERRED COMP

CONTRIBUTIONS/LOAN PYMTS
01/30/2026
239 21109 $124.99
1/30/2026 VANTAGEPOINT TRNSFR AGNTS303248DEFERRED COMP

CONTRIBUTIONS/LOAN PYMTS
01/30/2026
241 21109 $124.99
1/30/2026 VANTAGEPOINT TRNSFR AGNTS303248DEFERRED COMP

CONTRIBUTIONS/LOAN PYMTS
01/30/2026
201 21109 $145.36
1/30/2026 VANTAGEPOINT TRNSFR AGNTS303248DEFERRED COMP

CONTRIBUTIONS/LOAN PYMTS
01/30/2026
238 21109 $250.01
1/30/2026 VANTAGEPOINT TRNSFR AGNTS303248DEFERRED COMP

CONTRIBUTIONS/LOAN PYMTS
01/30/2026
250 21109 $381.23

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City of Diamond Bar Check Register
CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 1/30/2026 VANTAGEPOINT TRNSFR AGNTS303248DEFERRED COMP

CONTRIBUTIONS/LOAN PYMTS
01/30/2026
206 21109 $481.83
1/30/2026 VANTAGEPOINT TRNSFR AGNTS303248DEFERRED COMP

CONTRIBUTIONS/LOAN PYMTS
01/30/2026
207 21109 $696.50
1/30/2026 VANTAGEPOINT TRNSFR AGNTS303248DEFERRED COMP

CONTRIBUTIONS/LOAN PYMTS
01/30/2026
100 21109 $14,631.51
CHECK TOTAL $16,836.42
18026 1/30/2026 CALPERS PENSION CONTRIBUTION 1/10/26-
1/23/26 & 1/1-1/31/26
203 21110 $46.51
1/30/2026 CALPERS PENSION CONTRIBUTION 1/10/26-
1/23/26 & 1/1-1/31/26
204 21110 $139.55
1/30/2026 CALPERS PENSION CONTRIBUTION 1/10/26-
1/23/26 & 1/1-1/31/26
239 21110 $172.54
1/30/2026 CALPERS PENSION CONTRIBUTION 1/10/26-
1/23/26 & 1/1-1/31/26
241 21110 $172.54
1/30/2026 CALPERS PENSION CONTRIBUTION 1/10/26-
1/23/26 & 1/1-1/31/26
238 21110 $257.95
1/30/2026 CALPERS PENSION CONTRIBUTION 1/10/26-
1/23/26 & 1/1-1/31/26
201 21110 $560.18
1/30/2026 CALPERS PENSION CONTRIBUTION 1/10/26-
1/23/26 & 1/1-1/31/26
207 21110 $1,445.19
1/30/2026 CALPERS PENSION CONTRIBUTION 1/10/26-
1/23/26 & 1/1-1/31/26
206 21110 $1,560.09
1/30/2026 CALPERS PENSION CONTRIBUTION 1/10/26-
1/23/26 & 1/1-1/31/26
250 21110 $2,174.15
1/30/2026 CALPERS PENSION CONTRIBUTION 1/10/26-
1/23/26 & 1/1-1/31/26
100 21110 $46,596.47
CHECK TOTAL $53,125.17
18027 2/10/2026 AARP INSTRUCTOR PAYMENT - AARP - W/S 26 100520 55310 $95.00 CHECK TOTAL $95.00
18028 2/10/2026 ADVANTAGE MAILING, LLC PRINTING AND MAILING OF HHW

DISPOSAL GUIDE
250170 52170 $2,376.36
2/10/2026 ADVANTAGE MAILING, LLC PRINTING AND MAILING OF HHW

DISPOSAL GUIDE
250170 52110 $3,878.77
CHECK TOTAL $6,255.13

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City of Diamond Bar Check Register
CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 18029 2/10/2026 AIRGAS INC ARGON RENTAL (010126-013126) 100630 51200 $119.73 CHECK TOTAL $119.73
18030 2/10/2026 ALL CITY MANAGEMENT

SERVICES INC
CROSSING GUARD SERVICES - 1/4/26-
1/17/26
100310 55412 $14,481.60
CHECK TOTAL $14,481.60
18031 2/10/2026 ANIMAL PEST MANAGEMENT

SERVICES INC
PEST MANAGEMENT SERVICES (010126-
013126)
100630 52320 $70.00
2/10/2026 ANIMAL PEST MANAGEMENT

SERVICES INC
PEST MANAGEMENT SERVICES (010126-
013126)
100510 52320 $105.00
2/10/2026 ANIMAL PEST MANAGEMENT

SERVICES INC
PEST MANAGEMENT SERVICES (010126-
013126)
100620 52320 $120.00
CHECK TOTAL $295.00
18032 2/10/2026 ARC DOCUMENT SOLUTIONS LLC ANNUAL SUPPORT - OCE PLOTTER 100230 52314 $1,573.00 CHECK TOTAL $1,573.00
18033 2/10/2026 ARCHITERRA INC PL2020-108 PLAN CHECK 100 22107 $375.00 2/10/2026 ARCHITERRA INC PL2024-27 PLAN CHECK 100 22107 $156.25 2/10/2026 ARCHITERRA INC PL2022-1 PLAN CHECK 100 22107 $718.75 CHECK TOTAL $1,250.00
18034 2/10/2026 ATKINSON, ANDELSON, LOYA,

RUUD & ROMO
PROFESSIONAL SERVICES - LEGAL 100220 54900 $178.50
CHECK TOTAL $178.50
18035 2/10/2026 ROBYN A BECKWITH INTERIOR PLANT SERVICE (FEB/2026) 100510 52320 $275.00 2/10/2026 ROBYN A BECKWITH INTERIOR PLANT SERVICE (FEB/2026) 100620 52320 $380.00 CHECK TOTAL $655.00
18036 2/10/2026 JOHN E BISHOP INSTRUCTOR PAYMENT - MARTIAL ARTS - WS26
100520 55320 $180.00
CHECK TOTAL $180.00
18037 2/10/2026 BLACK BIRD FIRE PROTECTION
INC

SEMI-ANNUAL FIRE SYS SVCS INSPCTN
(C/HALL)FY25/26
100620 52320 $495.00
CHECK TOTAL $495.00
18038 2/10/2026 BREA AQUATICS ASSOCIATION
INC
INSTRUCTOR PAYMENT - SWIM - WS 26 100520 55320 $1,386.00 CHECK TOTAL $1,386.00

Page 18 of 230 ends

City of Diamond Bar Check Register
CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 18039 2/10/2026 KATHY BREAUX INSTRUCTOR PAYMENT - ART - WS 26 100520 55320 $106.20 CHECK TOTAL $106.20
18040 2/10/2026 CALIFORNIA DEPT OF TAX AND

FEE ADMI
SALES TAX - OCT 2025 - DEC 2025 100 29006 $10.00
CHECK TOTAL $10.00
18041 2/10/2026 CANNON CORPORATION PLAN CHECK FEES - THRU 12/31/25 100 22109 $861.00 2/10/2026 CANNON CORPORATION PLAN CHECK FEES - THRU 12/31/25 100 22109 $875.76 CHECK TOTAL $1,736.76
18042 2/10/2026 CHEM PRO LABORATORY INC WATER TREATMENT (CITYHALL/FEB) 100620 52320 $187.95 2/10/2026 CHEM PRO LABORATORY INC QTRLY WATER MGMT (020126-043026) 100510 52320 $193.76 CHECK TOTAL $381.71
18043 2/10/2026 CITYGREEN CONSULTING, LLC SOLID WASTE CONSULTING SERVICES 250170 54900 $1,893.75 CHECK TOTAL $1,893.75
18044 2/10/2026 CIVICPLUS LLC ANNUAL RENEWAL - CITY WEBSITE - FY 25-26
100230 52314 $23,482.91
CHECK TOTAL $23,482.91
18045 2/10/2026 COCO SUTZE CHENG INSTRUCTOR PAYMENT - FITNESS - WS 26 100520 55320 $312.00 CHECK TOTAL $312.00
18046 2/10/2026 CT & T CONCRETE PAVING INC ROAD MAINT REPAIRS (AC PAVEMENT

REPAIR)
100655 55512 $37,136.32
2/10/2026 CT & T CONCRETE PAVING INC ROAD MAINTENANCE SERVICES (AMBUSHERS STORM DRAINS)
201655 55530 $17,400.00
CHECK TOTAL $54,536.32
18047 2/10/2026 CUSTOM EARTH PROMOS LLC SHOP LOCAL BRANDED FOLDING BAGS 100150 51400 $1,997.50 CHECK TOTAL $1,997.50
18048 2/10/2026 CW PRODUCTS BRANDED SUNGLASSES FOR OUTREACH EVENTS
100240 51400 $2,537.83
CHECK TOTAL $2,537.83
18049 2/10/2026 DAVID JOSEPH WU STIPEND - PARKS AND RECREATION COMMISSION MEETING 1.22.26
100520 52525 $45.00
CHECK TOTAL $45.00

Page 19 of 230 ends

City of Diamond Bar Check Register
CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 18050 2/10/2026 DEPT OF TRANSPORTATION TS MAINT SHARED W/CALTRANS - OCTDEC 2025100655 55536 $6,450.59 CHECK TOTAL $6,450.59
18051 2/10/2026 DEVANG S MEHTA STIPEND - PARKS AND RECREATION COMMISSION MEETING 1.22.26
100520 52525 $45.00
CHECK TOTAL $45.00
18052 2/10/2026 ECOFERT INC FERTILIZER INJECTION SYSTEM - FEB 2026 100630 52320 $1,207.00 CHECK TOTAL $1,207.00
18053 2/10/2026 ELEMENT7, LLC BRANDED HAND SANITZERS FOR

OUTREACH EVENTS
100240 51400 $4,999.11
CHECK TOTAL $4,999.11
18054 2/10/2026 EXTERIOR PRODUCTS CORP MAIN& OPS SERVICES @PONY FIELDS 262630 56104 $12,669.00 2/10/2026 EXTERIOR PRODUCTS CORP MAINT& OPS SERVICES @ D38 (FIXTURE

REPLACE)
238638 52320 $2,143.00
2/10/2026 EXTERIOR PRODUCTS CORP MAINT & OP SERVICES / WASHINGTON PARK
100630 52320 $426.14
2/10/2026 EXTERIOR PRODUCTS CORP AMERICAN FLAG INSTALLATION

SERVICES
100630 56116 $6,687.50
CHECK TOTAL $21,925.64
18055 2/10/2026 FRANCOISE S ZAMBRA INSTRUCTOR PAYMENT - FITNESS - WS23 100520 55320 $192.00 CHECK TOTAL $192.00
18056 2/10/2026 FRESHMOBILECA LLC FLEET VEHICLE WASHING SERVICE (012326)
502430 52312 $79.80
2/10/2026 FRESHMOBILECA LLC FLEET VEHICLE WASHING SERVICE (012326)
502655 52312 $79.80
2/10/2026 FRESHMOBILECA LLC FLEET VEHICLE WASHING SERVICE (012326)
502620 52312 $139.65
2/10/2026 FRESHMOBILECA LLC FLEET VEHICLE WASHING SERVICE (012326)
502630 52312 $139.65
CHECK TOTAL $438.90
18057 2/10/2026 GO LIVE TECHNOLOGY INC PS - ELM PRJECT MGMT. - JAN 2026 503230 56135 $7,125.00 CHECK TOTAL $7,125.00
18058 2/10/2026 GOGO TECHNOLOGIES INC FY 25-26 DIAMOND RIDE SR TRANS SVCS - DEC 2025
206650 55560 $39,439.59

Page 20 of 230 ends

City of Diamond Bar Check Register
CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 2/10/2026 GOGO TECHNOLOGIES INC FY 25-26 DIAMOND RIDE SR TRANS SVCS - JAN 2026
206650 55560 $34,005.37
CHECK TOTAL $73,444.96
18059 2/10/2026 GOTO COMMUNICATIONS INC CITYWIDE ANALOG PHONE SYSTEM - FEB 2026
100230 52200 $3,173.40
CHECK TOTAL $3,173.40
18060 2/10/2026 GOVCONNECTION INC PURCHASE OF NEW HPE SERVERS (5) 503230 56130 $47,926.63 2/10/2026 GOVCONNECTION INC ANNUAL RENEWAL - F5 100230 52314 $3,155.00 CHECK TOTAL $51,081.63
18061 2/10/2026 WOODS MAINTENANCE

SERVICES INC
GRAFFITI REMOVAL JAN 2026 100430 55540 $3,655.00
CHECK TOTAL $3,655.00
18062 2/10/2026 HANSON BRIDGETT LLP LEGAL SERVICES - SEWER DISTRICT 100120 54022 $45,381.15 CHECK TOTAL $45,381.15
18063 2/10/2026 HDL COREN & CONE CONTRACT SVCS - PROPERTY TAX JANMAR 2026100210 54010 $4,117.50 CHECK TOTAL $4,117.50
18064 2/10/2026 HEATHER JEN CHANG CONTRACT CLASS - YOUTH ART 100520 55320 $90.00 2/10/2026 HEATHER JEN CHANG CONTRACT CLASS - YOUTH ART 100520 55320 $252.00 CHECK TOTAL $342.00
18065 2/10/2026 HODGMAN ENTERPRISES PRINTING AND MAILING: FEB 2026 CITY

NEWSLETTER
100240 52110 $2,768.18
CHECK TOTAL $2,768.18
18066 2/10/2026 HOME DEPOT CREDIT SERVICES PARK/FACILITY MAINT SUPPLIES (JK 010826)
100630 51200 $60.85
2/10/2026 HOME DEPOT CREDIT SERVICES PARK/FACILITY MAINT SUPPLIES (JK 010826)
100510 51200 $119.58
2/10/2026 HOME DEPOT CREDIT SERVICES MAINTENANCE SUPPLIES (JK 011826) 100510 52320 $220.39 2/10/2026 HOME DEPOT CREDIT SERVICES MAINTENANCE SUPPLIES (JK 011826) 100510 52320 $332.22 2/10/2026 HOME DEPOT CREDIT SERVICES BUILDING MAINTENANCE SUPPLIES (JK 011526)
100620 52320 $438.57
2/10/2026 HOME DEPOT CREDIT SERVICES TRUCK/ PARK SUPPLIES (JK 011526) 100630 52320 $13.22 2/10/2026 HOME DEPOT CREDIT SERVICES MAINT & OPS SUPPLIES (JK 012726) 100510 52320 $99.24

Page 21 of 230 ends

City of Diamond Bar Check Register
CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 2/10/2026 HOME DEPOT CREDIT SERVICES MAINT & OP SUPPLIES (DBC 012726) 100510 52320 $66.81 CHECK TOTAL $1,350.88
18067 2/10/2026 HR GREEN PACIFIC INC PLAN CHECK FEES - THRU 11/30/25 100 22109 $94.25 2/10/2026 HR GREEN PACIFIC INC PLAN CHECK FEES - THRU 11/30/25 100 22109 $430.50 2/10/2026 HR GREEN PACIFIC INC PLAN CHECK FEES - THRU 11/30/25 100 22109 $504.00 2/10/2026 HR GREEN PACIFIC INC PLAN CHECK FEES - THRU 11/30/25 100 22109 $665.87 2/10/2026 HR GREEN PACIFIC INC PLAN CHECK FEES - THRU 11/30/25 100 22109 $1,027.00 2/10/2026 HR GREEN PACIFIC INC PLAN CHECK FEES - THRU 11/30/25 100 22109 $1,031.75 CHECK TOTAL $3,753.37
18068 2/10/2026 INFINITE GRAPHICS LLC STOP WORK NOTICES DOOR HANGERS -

PW INSPECTOR
100610 52110 $772.64
CHECK TOTAL $772.64
18069 2/10/2026 IT1 SOURCE LLC HP TONERS 503230 56130 $717.72 2/10/2026 IT1 SOURCE LLC PURCHASE OF WIRELESS MICS FOR

WILLOW ROOM
100230 51300 $188.77
CHECK TOTAL $906.49
18070 2/10/2026 JEFFREY D SIMPSON LAYOUT AND DESIGN OF FEBRUARY 2026 NEWSLETTER
100240 54900 $1,775.00
2/10/2026 JEFFREY D SIMPSON LAYOUT AND DESIGN OF MARCH 2026

NEWSLETTER
100240 54900 $2,675.00
CHECK TOTAL $4,450.00
18071 2/10/2026 JYL GROUP INC INSTRUCTOR PAYMENT - FITNESS - WS 26 100520 55320 $99.60 CHECK TOTAL $99.60
18072 2/10/2026 LANCE SOLL & LUNGHARD LLP PROF. SVCS - GOVERNMENT AUDIT

FINAL BILL
100210 54010 $8,870.00
CHECK TOTAL $8,870.00
18073 2/10/2026 LEWIS ENGRAVING INC NAME BADGE - PLANNING

COMMISSIONER
100410 52525 $18.51
CHECK TOTAL $18.51
18074 2/10/2026 LOCAL AGENCY ENGINEERING

ASSOCIATES INC

DB COMPLETE STREETS - CONST MGMT -
JAN 2026
301610 56190 $14,130.50
2/10/2026 LOCAL AGENCY ENGINEERING

ASSOCIATES INC

PS - ON-CALL ENGR/ARCHITECTURAL
SVCS - JAN 2026
207615 54400 $1,110.00

Page 22 of 230 ends

City of Diamond Bar Check Register
CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT CHECK TOTAL $15,240.50
18075 2/10/2026 MAIN EVENT ENTERTAINMENT INC DEPOSIT - DAY CAMP EXCURSION JULY 28, 2026
100520 53520 $640.21
CHECK TOTAL $640.21
18076 2/10/2026 MCE CORPORATION LANDSCAPE MAINTENANCE
(LLAD38/39/41-JAN2026)
241641 55524 $5,797.59
2/10/2026 MCE CORPORATION LANDSCAPE MAINTENANCE
(LLAD38/39/41-JAN2026)
239639 55524 $14,140.68
2/10/2026 MCE CORPORATION LANDSCAPE MAINTENANCE
(LLAD38/39/41-JAN2026)
238638 55524 $16,970.88
CHECK TOTAL $36,909.15
18077 2/10/2026 MERCURY DISPOSAL SYSTEMS
INC

BATTERY & BULB RECYCLING PROGRAM

ACE HARDWARE
250170 55000 $716.90
2/10/2026 MERCURY DISPOSAL SYSTEMS
INC
BATTERY & BULB PROGRAM: ACE

HARDWARE
250170 55000 $2,566.45
CHECK TOTAL $3,283.35
18078 2/10/2026 METROLINK METROLINK PASSES - JANUARY 2026 206650 55610 $695.50 2/10/2026 METROLINK METROLINK PASSES - JANUARY 2026 206650 55620 $2,782.00 CHECK TOTAL $3,477.50
18079 2/10/2026 MICHAEL BAKER INTERNATIONAL
INC

CANYON LOOP TRAIL -HMMP PROJECT

MANAGER
301630 56104 $2,191.19
CHECK TOTAL $2,191.19
18080 2/10/2026 MNS ENGINEERS INC DESIGN - DB COMPLETE STREETS PROJ - JAN 2026
301610 56105 $1,575.00
CHECK TOTAL $1,575.00
18081 2/10/2026 MOBILE RELAY ASSOCIATES INC RECURRING SERVICES FOR EMERGENCY

PREPARDNESS
100350 52300 $78.75
CHECK TOTAL $78.75
18082 2/10/2026 MONICA FLORES INSTRUCTOR PAYMENT - ENRICHMENT - WS 26
100520 55320 $234.00
CHECK TOTAL $234.00
18083 2/10/2026 MULHOLLAND CONSULTING INC DESIGN-SYCAMORE CYN PARK PED

BRIDGE REMOVAL PROJ
301630 56104 $6,962.50
CHECK TOTAL $6,962.50
18084 2/10/2026 NATIONAL TRENCH SAFETY INC RENTAL EQUIP (KRAIL 011626-021226) 100655 52300 $455.52

Page 23 of 230 ends

City of Diamond Bar Check Register
CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT CHECK TOTAL $455.52
18085 2/10/2026 OCCUPATIONAL HEALTH

CENTERS OF CALIFORNIA
PRE-EMPLOYMENT PHYSICAL FEES 100220 52510 $390.00
CHECK TOTAL $390.00
18086 2/10/2026 OFFICE SOLUTIONS OFFICE SUPPLIES - NOVEMBER 2025 100210 51200 ($19.56) 2/10/2026 OFFICE SOLUTIONS OFFICE SUPPLIES - NOVEMBER 2025 100210 51200 $33.24 2/10/2026 OFFICE SOLUTIONS OFFICE SUPPLIES - NOVEMBER 2025 100520 51200 $105.52 2/10/2026 OFFICE SOLUTIONS OFFICE SUPPLIES - NOVEMBER 2025 100510 51200 $184.12 2/10/2026 OFFICE SOLUTIONS OFFICE SUPPLIES - NOVEMBER 2025 100610 51200 $343.31 2/10/2026 OFFICE SOLUTIONS OFFICE SUPPLIES - NOVEMBER 2025 100140 51200 $425.19 CHECK TOTAL $1,071.82
18087 2/10/2026 ONE TIME PAY VENDOR ADELINE ORTIZ RECREATION PROGRAM REFUND 100 20202 $24.50 CHECK TOTAL $24.50
18088 2/10/2026 ONE TIME PAY VENDOR ALAN HUY LIM BOND RELEASE - 340 FERN PLACE 100 22109 $13,000.00 CHECK TOTAL $13,000.00
18089 2/10/2026 ONE TIME PAY VENDOR ASHLEY FELIX FACILITY REFUND 100 20202 $1,450.00 CHECK TOTAL $1,450.00
18090 2/10/2026 ONE TIME PAY VENDOR CLAUDE OLAH RECREATION PROGRAM REFUND 100 20202 $29.75 CHECK TOTAL $29.75
18091 2/10/2026 ONE TIME PAY VENDOR ELISSA CENTENO FACILITY REFUND 100 20202 $3,500.00 CHECK TOTAL $3,500.00
18092 2/10/2026 ONE TIME PAY VENDOR GURPREET MULTANI FACILITY REFUND 100 20202 $1,282.00 CHECK TOTAL $1,282.00
18093 2/10/2026 ONE TIME PAY VENDOR HANXI WANG RECREATION PROGRAM REFUND 100 20202 $30.00 CHECK TOTAL $30.00
18094 2/10/2026 ONE TIME PAY VENDOR HARJINDER SINGH FACILITY REFUND 100 20202 $842.13 CHECK TOTAL $842.13
18095 2/10/2026 ONE TIME PAY VENDOR JERMAINE PRINCE RECREATION PROGRAM REFUND 100 20202 $149.00 CHECK TOTAL $149.00

Page 24 of 230 ends

City of Diamond Bar Check Register
CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 18096 2/10/2026 ONE TIME PAY VENDOR JESSICA ELSIE LAM RECREATION PROGRAM REFUND 100 20202 $24.50 CHECK TOTAL $24.50
18097 2/10/2026 ONE TIME PAY VENDOR MARY HENRY RECREATION PROGRAM REFUND 100 20202 $100.00 CHECK TOTAL $100.00
18098 2/10/2026 ONE TIME PAY VENDOR MUSIC TEACHERS

ASSOCIATION OF

CALIFORNIA
FACILTY REFUND 100 20202 $200.00
CHECK TOTAL $200.00
18099 2/10/2026 ONE TIME PAY VENDOR PAMELA CAJUCOM RECREATION PROGRAM REFUND 100 20202 $100.00 CHECK TOTAL $100.00
18100 2/10/2026 ONE TIME PAY VENDOR PANTERA ELEMENTARY
SCHOOL
FACILITY REFUND 100 20202 $1,724.65
CHECK TOTAL $1,724.65
18101 2/10/2026 ONE TIME PAY VENDOR RICHARD KOLBY RECREATION PROGRAM REFUND 100 20202 $100.00 CHECK TOTAL $100.00
18102 2/10/2026 ONE TIME PAY VENDOR ROSA GIVENS RECREATION PROGRAM REFUND 100 20202 $100.00 CHECK TOTAL $100.00
18103 2/10/2026 ONE TIME PAY VENDOR SANDRA BALES RECREATION PROGRAM REFUND 100 20202 $29.75 CHECK TOTAL $29.75
18104 2/10/2026 ONE TIME PAY VENDOR SUNSHINE SENIORS

ASSOCIATION
FACILITY REFUND 100 20202 $200.00
CHECK TOTAL $200.00
18105 2/10/2026 ONE TIME PAY VENDOR TERESA SALAHUDDIN FACILITY REFUND 100 20202 $750.00 CHECK TOTAL $750.00
18106 2/10/2026 ONE TIME PAY VENDOR YOUNGRAN KIM RECREATION PROGRAM REFUND 100 20202 $100.00 CHECK TOTAL $100.00
18107 2/10/2026 ONE TIME PAY VENDOR MONIQUE WEEKS REIMB-SUPPLIES 100520 51200 $103.01 CHECK TOTAL $103.01
18108 2/10/2026 ONE TIME PAY VENDOR - CND
REFUND
JEFFREY SCHULMAN C&D REFUND: 639 FIREPIT 100 22105 $250.00 CHECK TOTAL $250.00

Page 25 of 230 ends

City of Diamond Bar Check Register
CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 18109 2/10/2026 PAPER RECYCLING &

SHREDDING

1.21.26 RECORDS DESTRUCTION 250170 55000 $120.00
CHECK TOTAL $120.00
18110 2/10/2026 PIVOTAL STRATEGIES LLC PUBLIC EDUCATION AND OUTREACH

SERVICES
100130 54900 $5,000.00
CHECK TOTAL $5,000.00
18111 2/10/2026 PRO1PRINT, LLC PRESENTATION SIGNAGE - CITYGOVEXP

AND PRESERVE DB
100240 52110 $201.48
2/10/2026 PRO1PRINT, LLC BANNERS AND FLYERS FOR CITY

PROGRAMS AND SERVICES
100240 52110 $1,915.16
CHECK TOTAL $2,116.64
18112 2/10/2026 PYRO COMM SYSTEMS INC HERITAGE PARK FIRE ALARM TESTING (012226)
100630 52320 $300.00
2/10/2026 PYRO COMM SYSTEMS INC CITYHALL FIRE ALARM REPLACEMENT (PYRO COMM/012626)
504620 56100 $16,254.60
2/10/2026 PYRO COMM SYSTEMS INC CITY HALL FIRE ALARM QUARTERLY

MONITOR (PYRO COMM)
100620 52320 $225.00
CHECK TOTAL $16,779.60
18113 2/10/2026 REGIONAL TAP SERVICE CENTER FOOTHILL PASSES - DECEMBER 2025 206650 55610 $454.04 2/10/2026 REGIONAL TAP SERVICE CENTER FOOTHILL PASSES - DECEMBER 2025 206650 55620 $1,816.16 2/10/2026 REGIONAL TAP SERVICE CENTER FOOTHILL PASSES - JANUARY 2026 206650 55610 $404.22 2/10/2026 REGIONAL TAP SERVICE CENTER FOOTHILL PASSES - JANUARY 2026 206650 55620 $1,616.88 CHECK TOTAL $4,291.30
18114 2/10/2026 REINBERGER CORPORATION BUSINESS CARDS 100140 52110 $173.01 2/10/2026 REINBERGER CORPORATION BUSINESS CARDS 100140 52110 $173.01 CHECK TOTAL $346.02
18115 2/10/2026 ROTH STAFFING COMPANIES, LP TEMP STAFFING - FINANCE WK 1/25/26 100210 54900 $1,420.80 2/10/2026 ROTH STAFFING COMPANIES, LP TEMP STAFFING - CITY CLERK WK 1/25/26
100140 54900 $312.00
CHECK TOTAL $1,732.80
18116 2/10/2026 SAMAN MAHMOOD PARKS AND RECREATION COMMISSION MEETING 1.22.26
100520 52525 $45.00
CHECK TOTAL $45.00

Page 26 of 230 ends

City of Diamond Bar Check Register
CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 18117 2/10/2026 SASE COMPANY LLC ROAD MAINTENANCE SUPPLIES (012126) 100655 51300 $1,406.80 CHECK TOTAL $1,406.80
18118 2/10/2026 SC FUELS FLEET FUEL (011626-013126) 502620 52330 $278.62 2/10/2026 SC FUELS FLEET FUEL (011626-013126) 502630 52330 $433.09 2/10/2026 SC FUELS FLEET FUEL (011626-013126) 502655 52330 $719.05 CHECK TOTAL $1,430.76
18119 2/10/2026 SESAC RIGHTS MANAGEMENT
INC
MUSIC LICENSING - 2026 100520 55300 $2,081.00
CHECK TOTAL $2,081.00
18120 2/10/2026 SHARPLINE SOLUTIONS INC ROAD MARKING SERVICES (JG 012626) 100655 51250 $956.71 CHECK TOTAL $956.71
18121 2/10/2026 SPECTRUM BUSINESS CABLE TV - DBC - JAN 2026 100230 54030 $136.25 2/10/2026 SPECTRUM BUSINESS SUMMARY BILL - INTERNET/CITY HALL - JAN 2026
100230 54030 $1,924.82
CHECK TOTAL $2,061.07
18122 2/10/2026 TASC FSA FEES 100220 52515 $331.24
CHECK TOTAL $331.24
18123 2/10/2026 TENNIS ANYONE INC CONTRACT CLASSES TENNIS SERVIC 100520 55320 $7,039.19 CHECK TOTAL $7,039.19
18124 2/10/2026 THE KNOT WORLDWIDE INC DBC ONLINE STOREFRONT FEBRUARYAPRIL 2026100510 52160 $3,744.00 CHECK TOTAL $3,744.00
18125 2/10/2026 THE SAN GABRIEL VALLEY

NEWSPAPER GR

TOWN CENTER SPECIFIC PLAN LEGAL
AD FEB26
103410 52160 $1,230.13
2/10/2026 THE SAN GABRIEL VALLEY

NEWSPAPER GR
LEGAL AD PL2024-51 FEB 26 103410 52170 $1,001.20
CHECK TOTAL $2,231.33
18126 2/10/2026 THE WINDMILL CITY GOVERNMENT EXPLAINED AD JAN&FEB 2026
100240 52160 $800.00
CHECK TOTAL $800.00
18127 2/10/2026 TUMBLE-N-KIDS INC CONTRACT CLASS- YOUTH

GYMNASTICS
100520 55320 $1,228.80

Page 27 of 230 ends

City of Diamond Bar Check Register
CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT CHECK TOTAL $1,228.80
18128 2/10/2026 TYLER TECHNOLOGIES INC ELM PROJECT MGMT HOURS - 1/13/26- 1/15/26
503230 56135 $4,800.00
CHECK TOTAL $4,800.00
18129 2/10/2026 UA FULLERTON LLC DEPOSIT - DAY CAMP EXCURSION JULY 21, 2026
100520 53520 $205.35
CHECK TOTAL $205.35
18130 2/10/2026 ULTIMATE MAINTENANCE

SERVICES INC
JANITORIAL SERVICES (FEB/2026) 100630 55505 $3,070.00
2/10/2026 ULTIMATE MAINTENANCE

SERVICES INC
JANITORIAL SERVICES (FEB/2026) 100510 55505 $9,650.00
2/10/2026 ULTIMATE MAINTENANCE

SERVICES INC
JANITORIAL SERVICES (FEB/2026) 100620 52320 $12,075.00
CHECK TOTAL $24,795.00
18131 2/10/2026 US BANK CALCARD STATEMENT - JANUARY 2026 100 28100 $18,090.77 CHECK TOTAL $18,090.77
18132 2/10/2026 VALLEY VISTA SERVICES, INC. STREET SWEEPING SERVICES (120125- 123125)
100655 55510 $26,796.00
CHECK TOTAL $26,796.00
18133 2/10/2026 VORTEX SERVICES, LLC BREA CANYON STORM DRAIN PROJECT 301610 56105 $170,406.00 CHECK TOTAL $170,406.00
18134 2/10/2026 WW GRAINGER INC ROAD MAINT SUPPLIES (CG 012926) 100655 51200 $43.80 CHECK TOTAL $43.80
18135 2/10/2026 WALNUT VALLEY UNIFIED

SCHOOL DISTRICT
ADULT VOLLEYBALL GYM RENTAL 100520 52302 $382.50
2/10/2026 WALNUT VALLEY UNIFIED

SCHOOL DISTRICT
YOUTH BASKETBALL GYM RENTALGAMES100520 52302 $1,989.00 2/10/2026 WALNUT VALLEY UNIFIED

SCHOOL DISTRICT
YOUTH BASKETBALL GYM RENTALPRACTICES100520 52302 $1,147.50 CHECK TOTAL $3,519.00
18136 2/10/2026 WAXIE SANITARY SUPPLY JANITORIAL SUPPLIES (DBC) 100510 51210 $959.08 2/10/2026 WAXIE SANITARY SUPPLY JANITORIAL SUPPLIES (DBC) 100510 51210 $493.49 CHECK TOTAL $1,452.57

Page 28 of 230 ends

City of Diamond Bar Check Register
CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT 18137 2/10/2026 WEST COAST ARBORISTS INC CITYWIDE TREE MAINTENANCE (010126- 011526)
100645 55522 $2,786.00
CHECK TOTAL $2,786.00
18138 2/10/2026 WILLDAN GEOTECHNICAL GEOTECH REVIEW - 2537 INDIAN CREEK - THRU 1/2/26
100 22109 $630.00
2/10/2026 WILLDAN GEOTECHNICAL GEOTECH REVIEW - 1730 SILVER RAIN - THRU 1/2/26
100 22109 $840.00
2/10/2026 WILLDAN GEOTECHNICAL GEOTECH REVIEW - TRANQUIL GARDENS - THRU 11/28/25
100 22107 $840.00
2/10/2026 WILLDAN GEOTECHNICAL GEOTECH REVIEW - 2537 INDIAN CREEK - THRU 10/31/25
100 22109 $840.00
2/10/2026 WILLDAN GEOTECHNICAL GEOTECH REVIEW - 1668 BRONZE KNOLL - THRU 10/31/25
100 22109 $420.00
2/10/2026 WILLDAN GEOTECHNICAL GEOTECH REVIEW - 2631 ROCKY TRAIL - THRU 11/28/25
100 22109 $630.00
2/10/2026 WILLDAN GEOTECHNICAL GEOTECH REVIEW - 2537 INDIAN CREEK - THRU 11/28/25
100 22109 $630.00
2/10/2026 WILLDAN GEOTECHNICAL GEOTECH REVIEW - 609 RADBURY PL - THRU 10/31/25
100 22109 $420.00
2/10/2026 WILLDAN GEOTECHNICAL GEOTECH REVIEW - 609 RADBURY PL - THRU 11/28/25
100 22109 $210.00
CHECK TOTAL $5,460.00
18139 2/10/2026 WOODRUFF & SMART, A

PROFESSIONAL CORPORATION
LEGAL SERVICES - DECEMBER 2025 100 22107 $112.90
2/10/2026 WOODRUFF & SMART, A

PROFESSIONAL CORPORATION
LEGAL SERVICES - DECEMBER 2025 100 22107 $141.00
2/10/2026 WOODRUFF & SMART, A

PROFESSIONAL CORPORATION
LEGAL SERVICES - DECEMBER 2025 100 22107 $3,736.50
2/10/2026 WOODRUFF & SMART, A

PROFESSIONAL CORPORATION
LEGAL SERVICES - DECEMBER 2025 100120 54020 $20,497.24
CHECK TOTAL $24,487.64
18140 2/10/2026 YUNEX CORP TS MAINTENANCE - CALL-OUTS - DEC 2025
207650 55536 $9,065.61
2/10/2026 YUNEX CORP TS MAINTENANCE - JULY 2025 207650 55536 $8,180.00 CHECK TOTAL $17,245.61
18141 2/10/2026 ZUMAR INDUSTRIES INC ROAD MAINTENANCE SUPPLIES (MEDIAN NOSE MARKERS)
100655 51250 $2,475.53
CHECK TOTAL $2,475.53

Page 29 of 230 ends

City of Diamond Bar Check Register
CHECK # CHECK DATE VENDOR NAME OTP VENDOR NAME INVOICE DESCRIPTION ORG OBJECT AMOUNT GRAND TOTAL $899,876.38

Page 30 of 230 ends

Agenda Item #: 7.3
Meeting Date: February 17, 2026

CITY COUNCIL AGENDA REPORT
TO: Honorable Mayor and Members of the City Council
FROM: Daniel Fox, City Manager
SUBJECT: Treasurer's Statement.

STRATEGIC GOAL: Responsible Stewardship of Public Resources RECOMMENDATION:

Approve the January 2026 Treasurer’s Statement.

FINANCIAL IMPACT:

None.

BACKGROUND:

Consistent with City policy, the Finance Department presents the monthly Treasurer’s Statement to the City Council for review and approval.

ANALYSIS:

This statement shows the cash balances with a breakdown of various investment accounts and the yield to maturity from investments. This statement also includes an investment portfolio management report which details the activities of investments.

PREPARED BY:

Jason Jacobsen, Director, Finance
ATTACHMENTS:

1. Treasurer Certification and Portfolio Report - Jan 2026

2. Treasurer's Cash Balance Report - Jan 2026

Page 31 of 230 ends

INVESTMENTS BOOK VALUE

PERCENT OF

PORTFOLIO TERM

DAYS TO

MATURITY

YIELD TO

MATURITY
Federal Credit Union CD $13,883,000.00 19.87% 1,529 740 4.285% Local Agency Investment Fund $19,079,248.75 27.31% 1 1 3.931% Corporate Notes $3,689,407.90 5.28% 1,704 1,170 4.896%
Federal Agency Coupon Securities $7,640,488.04 10.94% 1,552 405 4.186% Treasury Coupon Securities $3,095,030.89 4.43% 1,813 740 2.984% Federal Agency Callable $5,999,990.42 8.59% 1,826 278 2.055% Certificates of Deposit-Banks $6,312,622.96 9.04% 1,562 697 3.908% Municipal Bonds $1,550,798.90 2.22% 1,585 461 4.738%
Money Market Fund $8,610,852.02 12.33% 1 1 3.650%
Total Investments and Averages $69,861,439.88 100.00% 977 383 3.858%

TOTAL INTEREST EARNED
I certify that this report accurately reflects all City pooled investments Daniel Fox and is in conformity with the investment policy of the City of Diamond Bar City Treasurer approved by City Council and on file in the City Clerk's office. The investment program herein provides sufficient cash flow liquidity to meet the next six months estimated expenditures.
$223,126.36 $1,587,024.29

3.90% 4.09%

CITY OF DIAMOND BAR

INVESTMENT PORTFOLIO SUMMARY REPORT
JANUARY 31, 2026

MONTH ENDING FISCAL YEAR-TO-DATE
JANUARY 31, 2026 2025-2026

Page 32 of 230 ends

City of Diamond Bar
Portfolio Management
January 31, 2026
City of Diamond Bar
21810 Copley Drive
Diamond Bar, CA
(909)839-7053
Portfolio Summary
% of
Portfolio
Book
Value Investments
Market
Value
Par
Value
Days to
Term Maturity
YTM/C
Federal Credit Union CD 13,883,000.00 13,991,758.75 13,883,000.00 19.87 1,529 740 4.285 Local Agency Investment Funds 19,079,248.75 18,789,787.91 19,079,248.75 27.31 1 1 3.931 Corporate Notes 3,800,000.00 3,737,275.20 3,689,407.90 5.28 1,704 1,170 4.896 Federal Agency Coupon Securities 7,625,000.00 7,663,557.05 7,640,488.04 10.94 1,552 405 4.186 Treasury Coupon Securities 3,125,000.00 3,069,040.85 3,095,030.89 4.43 1,813 740 2.984 Federal Agency Callable 6,000,000.00 5,844,253.50 5,999,990.42 8.59 1,826 278 2.055 Certificate of Deposit 6,384,000.00 6,338,707.40 6,312,622.96 9.04 1,562 697 3.908 Municipal Bonds 1,595,000.00 1,544,199.64 1,550,798.90 2.22 1,585 461 4.738 Money Market Fund 8,610,852.02 8,610,852.02 8,610,852.02 12.33 1 1 3.650 69,861,439.88 100.00%
Investments
70,102,100.77 69,589,432.32 977 383 3.858
Current Year
January 31
223,126.36
Fiscal Year To Date
1,587,024.29
Average Daily Balance
Effective Rate of Return
67,340,226.63 65,808,885.96

3.90% 4.09%
Total Earnings Month Ending
__________________________________________________ ____________________ Jason M. Jacobsen, Finance Director
Portfolio POOL
AP
Reporting period 01/01/2026-01/31/2026
Run Date: 02/11/2026 - 14:59 PM (PRF_PM1) 7.3.0
Report Ver. 7.3.6.1
02/11/2026

Page 33 of 230 ends

Days to
Maturity

Page 1 ends

Par Value Book Value
Maturity
Date
Stated
Market Value Rate
January 31, 2026
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of Diamond Bar
YTM/C
CUSIP Investment # Term
Purchase
Date
Federal Credit Union CD
06251A3K4 10402 America's Credit Union 12/16/2021 248,000.00 238,674.70 248,000.00 1.350 1,826 318 1.350 12/16/2026 00790UAC1 10682 ADVANTAGE CREDIT UNION 07/31/2024 249,000.00 252,742.72 249,000.00 4.450 1,826 1,276 4.450 07/31/2029 01025RAT6 10750 ALABAMA CREDIT UNION 07/09/2025 249,000.00 249,000.00 249,000.00 4.150 730 523 4.150 07/09/2027 02157RAA5 10683 ALTAONE FEDERAL CREDIT 07/19/2024 249,000.00 252,731.02 249,000.00 4.450 1,826 1,264 4.450 07/19/2029 011852AE0 10547 Alaska USA FCU 03/08/2023 249,000.00 252,861.74 249,000.00 4.600 1,827 766 4.600 03/08/2028 052392BT3 10495 AUSTIN TELCO FCU 09/21/2022 249,000.00 248,064.26 249,000.00 3.800 1,826 597 3.800 09/21/2027 07181JBH6 10697 Baxter Credit Union 08/22/2024 249,000.00 251,516.15 249,000.00 4.350 1,461 933 4.350 08/22/2028 07371BWA5 10679 Beal Bank-Plano TX 06/12/2024 244,000.00 249,267.47 244,000.00 4.650 1,820 1,221 4.650 06/06/2029 09776DAV6 10744 BOM BANK 06/24/2025 249,000.00 249,560.75 249,000.00 4.100 1,826 1,604 4.100 06/24/2030 14042THZ3 10453 Capital One Bank USA 07/27/2022 248,000.00 245,659.87 248,000.00 3.500 1,826 541 3.500 07/27/2027 12481GAZ0 10663 CBC Federal Credit Union 05/14/2024 249,000.00 254,402.30 249,000.00 4.650 1,826 1,198 4.650 05/14/2029 17783PAK7 10625 City Federal Credit Union 01/18/2024 249,000.00 248,770.92 249,000.00 4.000 1,827 1,082 4.000 01/18/2029 19058RAG6 10684 COASTAL1CU 07/22/2024 249,000.00 252,914.28 249,000.00 4.550 1,460 901 4.550 07/21/2028 19123RAA0 10529 COCA-COLA FCU 01/31/2023 249,000.00 249,596.60 249,000.00 4.600 1,098 1 4.600 02/02/2026 14622LAS1 10686 CARTER FEDERAL CU 08/07/2024 249,000.00 250,879.20 249,000.00 4.250 1,826 1,283 4.250 08/07/2029 23204HPM4 10678 Customers Bank 06/11/2024 244,000.00 247,884.48 244,000.00 4.850 1,095 495 4.850 06/11/2027 291916AG9 10596 Empower FED Credit Union 10/23/2023 248,000.00 256,339.50 248,000.00 5.100 1,827 995 5.100 10/23/2028 29367RNG7 10720 Enterprise Bank Corp. 08/28/2024 249,000.00 246,619.81 249,000.00 3.800 1,826 1,304 3.800 08/28/2029 32026U5U6 10664 First Foundation Bank 05/22/2024 244,000.00 248,712.37 244,000.00 4.600 1,826 1,206 4.600 05/22/2029 32114MBC0 10681 First Natl Bnk Blue Erth 06/20/2024 248,000.00 252,125.23 248,000.00 4.850 1,095 504 4.850 06/20/2027 33610RVR1 10685 FIRST PREMIER BANK 07/17/2024 244,000.00 247,068.79 244,000.00 4.450 1,461 897 4.450 07/17/2028 39573LAV0 10255 GREENSTATE CREDIT UNION 02/26/2021 248,000.00 242,333.70 248,000.00 0.650 1,826 25 0.650 02/26/2026 42228LAH4 10496 HEALTHCARE SYSTEMS FCU 09/21/2022 249,000.00 247,762.47 249,000.00 3.600 1,461 232 3.600 09/21/2026 42869GAB2 10639 Hickam 01/31/2024 249,000.00 250,321.19 249,000.00 4.150 1,461 729 4.150 01/31/2028 856285E98 10410 State Bank of India 01/31/2022 248,000.00 239,542.46 248,000.00 1.750 1,827 365 1.750 02/01/2027 472207AE9 10491 JEANNE D'ARC CREDIT UNION 09/30/2022 249,000.00 248,050.07 249,000.00 3.800 1,826 606 3.800 09/30/2027 48115LAM6 10707 Jovia Financial Credit Union C 08/16/2024 249,000.00 250,756.20 249,000.00 4.650 731 197 4.650 08/17/2026 50625LBR3 10606 LAFAYETTE FCU 11/30/2023 248,000.00 252,246.01 248,000.00 5.250 1,096 302 5.250 11/30/2026 534574AC2 10571 LINCOLN PARK COMMUNITY BANK 08/28/2023 248,000.00 255,291.20 248,000.00 5.000 1,827 939 5.000 08/28/2028 55026MAE5 10487 LUMINATE BANK 09/15/2022 249,000.00 245,970.67 249,000.00 3.400 1,826 591 3.400 09/15/2027 56824JBC7 10718 Marine Federal Corp. 08/30/2024 249,000.00 248,943.98 249,000.00 4.000 731 211 4.000 08/31/2026 58404DUA7 10622 Medallion Bank 12/29/2023 248,000.00 249,798.74 248,000.00 4.500 1,096 331 4.500 12/29/2026 59524LAA4 10549 MID CAROLINA CU 03/13/2023 249,000.00 250,484.54 249,000.00 4.850 1,096 40 4.850 03/13/2026 61690DQK7 10662 Morgan Stanley Bank 05/08/2024 244,000.00 248,468.37 244,000.00 4.700 1,461 827 4.700 05/08/2028 61776NTH6 10745 Morgan Stanley Bank 06/18/2025 244,000.00 246,684.49 244,000.00 4.300 1,828 1,600 4.300 06/20/2030 62847NEL6 10646 MVB BANK INC 03/27/2024 249,000.00 250,270.90 249,000.00 4.800 730 54 4.800 03/27/2026 Portfolio POOL
AP
Run Date: 02/11/2026 - 14:59 PM (PRF_PM2) 7.3.0
Report Ver. 7.3.6.1

Page 34 of 230 ends

Days to
Maturity

Page 2 ends

Par Value Book Value
Maturity
Date
Stated
Market Value Rate
January 31, 2026
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of Diamond Bar
YTM/C
CUSIP Investment # Term
Purchase
Date
Federal Credit Union CD
654062LP1 10643 NICOLET NATIONAL BANK 03/08/2024 249,000.00 250,835.88 249,000.00 4.250 1,826 1,131 4.250 03/08/2029 68584JAV1 10675 Oregon Community Cred Un 06/07/2024 248,000.00 250,322.77 248,000.00 5.050 731 127 5.050 06/08/2026 682325EK7 10676 One Community Bank 06/18/2024 249,000.00 252,002.94 249,000.00 4.850 913 320 4.850 12/18/2026 722000AC0 10575 PIMA FEDERAL CREDIT 08/17/2023 248,000.00 251,496.55 248,000.00 5.300 1,096 197 5.300 08/17/2026 77357DAB4 10607 ROCKLAND FCU 11/30/2023 248,000.00 255,737.85 248,000.00 5.000 1,827 1,033 5.000 11/30/2028 795451EG4 10752 Sallie Mae Bank 12/17/2025 245,000.00 245,000.00 245,000.00 3.850 1,826 1,780 3.850 12/17/2030 835104DG2 10751 SOMERSET TRUST CO 07/08/2025 249,000.00 249,000.00 249,000.00 3.950 1,645 1,437 3.950 01/08/2030 849061AF3 10644 SPOKANE TEACHERS CR UN 03/25/2024 245,000.00 248,134.78 245,000.00 4.750 1,095 417 4.750 03/25/2027 87868YAL7 10551 TECHNOLOGY CU 03/23/2023 249,000.00 250,615.76 249,000.00 5.000 1,096 50 5.000 03/23/2026 89235MNT4 10442 Toyota Financial SGS Bank 07/22/2022 248,000.00 245,192.14 248,000.00 3.400 1,826 536 3.400 07/22/2027 89839KAD7 10604 TRUSTSTAR BANK 11/22/2023 248,000.00 253,735.25 248,000.00 4.750 1,827 1,025 4.750 11/22/2028 88709RBH1 10677 Timberland Bank Hoquaim 06/12/2024 249,000.00 251,960.11 249,000.00 4.850 912 313 4.850 12/11/2026 89854LAD5 10564 TTCU FED CU 07/26/2023 248,000.00 255,131.24 248,000.00 5.000 1,827 906 5.000 07/26/2028 91527PCF2 10651 Univest Bank & Trust Co. 03/13/2024 249,000.00 250,836.38 249,000.00 4.250 1,826 1,136 4.250 03/13/2029 91739JAD7 10589 UTAH FIRST CD 10/30/2023 248,000.00 256,390.83 248,000.00 5.100 1,827 1,002 5.100 10/30/2028 06543PDA0 10494 BANK OF THE VALLEY NE 09/30/2022 249,000.00 249,655.12 249,000.00 4.100 1,826 606 4.100 09/30/2027 91823MBE4 10499 VCC BANK 10/14/2022 249,000.00 249,741.02 249,000.00 4.250 1,461 255 4.250 10/14/2026 93883MBA5 10674 WASHINGTON FINANCIAL 05/31/2024 244,000.00 247,883.02 244,000.00 4.500 1,826 1,215 4.500 05/31/2029 949764JY1 10617 Wells Fargo 12/27/2023 248,000.00 248,606.61 248,000.00 4.100 1,827 1,060 4.100 12/27/2028 98138MCA6 10590 WORKERS FCU 10/30/2023 248,000.00 257,163.35 248,000.00 5.200 1,827 1,002 5.200 10/30/2028 Subtotal and Average 14,516,709.68 13,883,000.00 13,991,758.75 13,883,000.00 1,529 740 4.285 Local Agency Investment Funds
LAIF 10028 Local Agency Investment Fund 19,079,248.75 18,789,787.91 19,079,248.75 3.931 1 1 3.931 Subtotal and Average 13,671,765.40 19,079,248.75 18,789,787.91 19,079,248.75 1 1 3.931 Corporate Notes
06406YAA0 10732 Bank of NY Mello Corp. 01/13/2025 350,000.00 336,085.75 329,484.14 3.300 1,683 1,299 5.170 08/23/2029 06048WR36 10515 Bank of America Corp. 12/27/2022 500,000.00 478,120.00 481,504.88 2.000 1,638 506 5.000 06/22/2027 17325FBK3 10733 CITIBANK 01/13/2025 350,000.00 357,378.35 347,776.82 4.838 1,666 1,251 5.042 08/06/2029 29736RAP5 10737 ESTEE LAUDER CO 03/25/2025 300,000.00 276,582.30 276,176.58 2.375 1,712 1,399 4.707 12/01/2029 24422EXB0 10668 JOHN DEERE CAPITAL CORP 05/29/2024 500,000.00 512,160.00 499,660.48 4.950 1,507 894 4.979 07/14/2028 46647PAX4 10731 JP Morgan Chase 01/07/2025 400,000.00 400,666.80 394,182.19 4.452 1,793 1,038 4.980 12/05/2029 49177JAH5 10738 KENVUE INC 03/25/2025 300,000.00 309,040.50 304,482.96 5.000 1,823 1,510 4.581 03/22/2030 59217GFT1 10734 MET LIFE GLOBAL 01/09/2025 500,000.00 509,891.00 499,440.68 4.900 1,826 1,438 4.932 01/09/2030 637432NV3 10739 NATIONAL RURAL UTILITIES COOPE 03/25/2025 300,000.00 275,971.50 274,989.21 2.400 1,816 1,503 4.691 03/15/2030 Portfolio POOL
AP
Run Date: 02/11/2026 - 14:59 PM (PRF_PM2) 7.3.0

Page 35 of 230 ends

Days to
Maturity

Page 3 ends

Par Value Book Value
Maturity
Date
Stated
Market Value Rate
January 31, 2026
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of Diamond Bar
YTM/C
CUSIP Investment # Term
Purchase
Date
Corporate Notes
808513BX2 10740 CHARLES SCHWAB 03/25/2025 300,000.00 281,379.00 281,709.96 2.750 1,651 1,338 4.611 10/01/2029 Subtotal and Average 3,687,939.76 3,800,000.00 3,737,275.20 3,689,407.90 1,704 1,170 4.896 Federal Agency Coupon Securities
17325FBB3 10631 CITIBANK 01/30/2024 750,000.00 784,097.25 766,860.57 5.803 1,704 971 4.847 09/29/2028 3133EPCG8 10545 Federal Farm Credit Bank 03/01/2023 1,000,000.00 1,006,393.00 997,688.07 4.125 1,736 668 4.267 12/01/2027 3133EPQC2 10572 Federal Farm Credit Bank 08/02/2023 1,000,000.00 1,006,442.00 999,844.13 4.625 1,080 166 4.661 07/17/2026 3130ASGU7 10432 Federal Home Loan Bank 06/16/2022 1,000,000.00 992,955.00 999,751.59 3.500 1,821 495 3.520 06/11/2027 3130ASJ59 10447 Federal Home Loan Bank 07/18/2022 1,000,000.00 993,763.00 1,000,793.09 3.375 1,425 131 3.141 06/12/2026 313373B68 10537 Federal Home Loan Bank 02/27/2023 500,000.00 500,936.50 499,868.14 4.375 1,110 40 4.619 03/13/2026 3130AWMN7 10563 Federal Home Loan Bank 07/21/2023 500,000.00 509,053.50 502,093.47 4.375 1,785 859 4.177 06/09/2028 3130B0N70 10645 Federal Home Loan Bank 03/27/2024 500,000.00 501,559.00 500,000.00 4.850 1,826 54 4.850 03/27/2029 3130B2F59 10706 Federal Home Loan Bank 08/20/2024 575,000.00 571,303.90 575,000.00 4.250 1,816 190 4.250 08/10/2029 45818WED4 10498 INTER-AMERICAN DEV. BANK 09/13/2022 500,000.00 491,113.00 496,582.44 2.980 1,731 494 3.902 06/10/2027 61746BCY0 10708 Morgan Stanley Bank 08/01/2024 300,000.00 305,940.90 302,006.54 6.250 738 189 4.888 08/09/2026 Subtotal and Average 7,640,792.80 7,625,000.00 7,663,557.05 7,640,488.04 1,552 405 4.186 Treasury Coupon Securities
91282CMG3 10735 UST 02/13/2025 300,000.00 305,871.00 297,584.11 4.250 1,813 1,460 4.477 01/31/2030 91282CMD0 10736 UST 02/13/2025 325,000.00 333,150.35 323,696.90 4.375 1,782 1,429 4.489 12/31/2029 91282CDQ1 10403 U.S. Treasury 01/04/2022 1,000,000.00 962,539.00 999,057.61 1.250 1,822 333 1.357 12/31/2026 91282CEW7 10436 U.S. Treasury 07/14/2022 1,000,000.00 991,133.00 1,003,058.26 3.250 1,812 514 3.014 06/30/2027 91282CEE7 10654 U.S. Treasury 04/08/2024 500,000.00 476,347.50 471,634.01 2.375 1,818 1,154 4.393 03/31/2029 Subtotal and Average 3,094,670.48 3,125,000.00 3,069,040.85 3,095,030.89 1,813 740 2.984 Federal Agency Callable
3133EMSH6 10258 Federal Farm Credit Bank 03/03/2021 500,000.00 488,746.50 500,000.00 0.790 1,826 30 0.790 03/03/2026 3133ENKG4 10397 Federal Farm Credit Bank 01/11/2022 1,000,000.00 964,163.00 1,000,000.00 1.470 1,826 344 1.470 01/11/2027 3133ENMA5 10405 Federal Farm Credit Bank 01/26/2022 1,500,000.00 1,453,453.50 1,500,000.00 1.840 1,826 359 1.840 01/26/2027 3133ETMB0 10746 Federal Farm Credit Bank 06/24/2025 500,000.00 499,550.50 500,000.00 4.650 1,826 143 4.650 06/24/2030 3130AL7M0 10254 Federal Home Loan Bank 02/24/2021 500,000.00 488,617.00 499,990.42 0.625 1,826 23 0.656 02/24/2026 3130AQKJ1 10406 Federal Home Loan Bank 01/28/2022 1,500,000.00 1,448,170.50 1,500,000.00 1.700 1,826 86 1.700 01/28/2027 3010B07G8 10641 Federal Home Loan Bank 02/26/2024 500,000.00 501,552.50 500,000.00 5.000 1,827 1,121 5.000 02/26/2029 Subtotal and Average 5,999,984.57 6,000,000.00 5,844,253.50 5,999,990.42 1,826 278 2.055 Portfolio POOL
AP
Run Date: 02/11/2026 - 14:59 PM (PRF_PM2) 7.3.0

Page 36 of 230 ends

Days to
Maturity

Page 4 ends

Par Value Book Value
Maturity
Date
Stated
Market Value Rate
January 31, 2026
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of Diamond Bar
YTM/C
CUSIP Investment # Term
Purchase
Date
Certificate of Deposit
06406GAA9 10717 Bank of NY Mello Corp. 08/01/2024 500,000.00 481,544.00 479,013.67 3.000 1,551 910 4.702 10/30/2028 066519QK8 10256 BANK UNITED NA 03/05/2021 248,000.00 242,158.86 248,000.00 0.650 1,826 32 0.000 03/05/2026 06051GGA1 10716 Bank of America Corp. 08/01/2024 300,000.00 294,235.50 293,602.04 3.248 1,176 627 4.596 10/21/2027 23288UAA5 10555 Cy Fair FCU 05/19/2023 249,000.00 250,684.98 249,000.00 4.350 1,461 472 4.355 05/19/2027 3130B0YH6 10661 Federal Home Loan Bank 04/19/2024 500,000.00 508,452.50 500,000.00 5.010 1,826 1,173 5.010 04/19/2029 356436AR6 10658 Freedom Northwest CU 04/19/2024 249,000.00 253,466.81 249,000.00 4.550 1,826 1,173 4.550 04/19/2029 38149MZJ5 10260 Goldman Sachs Bank 09/08/2021 248,000.00 239,465.58 248,000.00 1.050 1,826 219 1.051 09/08/2026 46625HQW3 10709 JP Morgan Chase 08/01/2024 300,000.00 297,978.30 299,301.32 3.300 608 59 4.813 04/01/2026 70962LBH4 10414 Pentagon Federal Credit Union 03/22/2022 248,000.00 243,864.10 248,000.00 1.800 1,462 50 1.800 03/23/2026 69353RFG8 10669 PNC BANK NA 05/29/2024 500,000.00 487,655.50 482,491.35 3.100 1,244 631 5.335 10/25/2027 70320KAX9 10257 Pathfinder Bank 03/11/2021 249,000.00 243,136.55 249,000.00 0.700 1,826 38 0.000 03/11/2026 88413QDM7 10455 Third Fed Savings & Loan 07/27/2022 245,000.00 242,205.53 245,000.00 3.400 1,826 541 3.402 07/27/2027 89236TLD5 10670 Toyota MTR Credit Corp 05/29/2024 500,000.00 508,115.50 500,819.00 5.400 905 292 5.179 11/20/2026 882508CG7 10653 TEXAS INSTRUME 04/01/2024 750,000.00 762,558.75 752,370.62 4.600 1,774 1,103 4.480 02/08/2029 90348JS92 10261 UBS Bank USA 09/09/2021 248,000.00 239,160.04 248,000.00 0.950 1,826 220 0.000 09/09/2026 91159HHW3 10715 US BANK CORP 08/01/2024 300,000.00 283,976.40 281,969.65 3.000 1,824 1,275 4.938 07/30/2029 91282CKG5 10657 UST 04/22/2024 750,000.00 760,048.50 739,055.31 4.125 1,804 1,154 4.647 03/31/2029 Subtotal and Average 6,311,316.76 6,384,000.00 6,338,707.40 6,312,622.96 1,562 697 3.908 Municipal Bonds
54438CYL0 10523 LOS ANGELES CA CMNTY CLG DIST 01/05/2023 365,000.00 353,271.82 359,138.60 1.174 1,304 181 4.700 08/01/2026 738850TA4 10522 POWAY UNIFIED SCHOOL DIST 01/04/2023 1,230,000.00 1,190,927.82 1,191,660.30 2.414 1,670 546 4.750 08/01/2027 Subtotal and Average 1,549,345.68 1,595,000.00 1,544,199.64 1,550,798.90 1,585 461 4.738 Wells Fargo Sweep Account
SWEEP 10036 Wells Fargo 07/01/2012 0.00 0.00 0.00 0.010 1 1 0.010 Subtotal and Average 0.00 0.00 0.00 0.00 0 0 0.000
Money Market Fund
857492888 10562 State Street Advisors 05/31/2023 8,610,852.02 8,610,852.02 8,610,852.02 3.650 1 1 3.650 52470G882 10561 Western Asset 05/25/2023 0.00 0.00 0.00 5.150 1 1 5.150 Subtotal and Average 10,867,701.50 8,610,852.02 8,610,852.02 8,610,852.02 1 1 3.650 Portfolio POOL
AP
Run Date: 02/11/2026 - 14:59 PM (PRF_PM2) 7.3.0

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Days to
Maturity

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Par Value Book Value
Stated
Market Value Rate
January 31, 2026
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of Diamond Bar
YTM/C
CUSIP Investment # Term
Purchase
Date
Total and Average 67,340,226.63 70,102,100.77 69,589,432.32 69,861,439.88 977 383 3.858 Portfolio POOL
AP
Run Date: 02/11/2026 - 14:59 PM (PRF_PM2) 7.3.0

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Days to
Maturity

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Par Value Book Value
Stated
Market Value Rate
January 31, 2026
Portfolio Details - Cash
Average
Balance Issuer
Portfolio Management
City of Diamond Bar
YTM/C
CUSIP Investment # Term
Purchase
Date

0.00 67,340,226.63 70,102,100.77 977 383 3.858
Average Balance 0 0
Total Cash and Investments 69,589,432.32 69,861,439.88
Portfolio POOL
AP
Run Date: 02/11/2026 - 14:59 PM (PRF_PM2) 7.3.0

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Stated
Rate
Transaction
Date
January 1, 2026 through January 31, 2026
Activity By Type
Balance
Portfolio Management
City of Diamond Bar
CUSIP Investment # Issuer
Purchases
or Deposits
Redemptions
or Withdrawals
Federal Credit Union CD
20367GBD0 10440 Community Commerce Bank 3.050 01/27/2026 0.00 248,000.00 320165LR2 10648 FIRST FARMERS BK & TRUST 4.850 01/28/2026 0.00 249,000.00 530520AC9 10530 LIBERTY FIRST CU 4.500 01/27/2026 0.00 249,000.00 Subtotal 0.00 746,000.00 13,883,000.00
Local Agency Investment Funds (Monthly Summary)
LAIF 10028 Local Agency Investment Fund 3.931 10,187,998.84 0.00 Subtotal 10,187,998.84 0.00 19,079,248.75
Corporate Notes
Subtotal 3,689,407.90
Federal Agency Coupon Securities
Subtotal 7,640,488.04
Treasury Coupon Securities
Subtotal 3,095,030.89
Federal Agency Callable
Subtotal 5,999,990.42
Certificate of Deposit
Subtotal 6,312,622.96
Municipal Bonds
Subtotal 1,550,798.90
Wells Fargo Sweep Account
Subtotal 0.00
Money Market Fund
857492888 10562 State Street Advisors 3.650 37,666.14 5,000,000.00 Subtotal 37,666.14 5,000,000.00 8,610,852.02
Total 10,225,664.98 5,746,000.00 69,861,439.88
Portfolio POOL
AP
Run Date: 02/11/2026 - 14:59 PM (PRF_PM3) 7.3.0
Report Ver. 7.3.6.1

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January 2025 through January 2026
Distribution of Investments By Type
Portfolio Management
City of Diamond Bar
January February March Average
2025 2025 by Period
April May June
2025 2025
July August September
2025 2025
October December
2025 2025
January
Security Type 2026
November
2025 2025 2025 2025
Federal Credit Union CD 23.2 23.3 23.1 23.0 21.4 22.5 23.1 23.5 23.5 22.5 23.2 22.4 19.9 22.6% Local Agency Investment Funds 3.1 3.1 3.2 13.8 13.2 15.1 14.5 13.4 13.9 13.7 14.3 13.6 27.3 12.5% Negotiable CDs
Corporate Notes 3.7 3.7 5.3 5.3 5.1 5.3 5.4 5.6 5.8 5.8 5.9 5.6 5.3 5.2% Federal Agency Coupon Securities 12.5 11.8 11.9 11.8 11.4 11.0 11.3 11.7 12.1 12.0 12.3 11.7 10.9 11.7% Federal Agency Disc. -Amortizing
Treasury Coupon Securities 12.2 13.1 8.9 8.8 8.5 7.3 7.5 7.8 6.5 4.8 5.0 4.7 4.4 7.7% Treasury Discounts -Amortizing
Federal Agency Callable 11.2 11.2 11.3 10.5 10.1 11.1 11.5 11.8 11.0 11.0 10.5 9.2 8.6 10.7% Certificate of Deposit 11.6 11.6 11.7 10.9 9.5 9.4 9.3 9.6 9.9 9.9 10.2 9.7 9.0 10.2% Callables
Municipal Bonds 2.5 2.6 2.6 2.6 2.5 2.2 2.3 2.3 2.4 2.4 2.5 2.4 2.2 2.4% Wells Fargo Sweep Account
Money Market Fund 20.0 19.8 22.2 13.4 18.4 16.2 15.2 14.4 14.9 18.0 16.2 20.8 12.3 17.1% Floating Rate Notes
Portfolio POOL
AP
Run Date: 02/11/2026 - 14:59 PM (PRF_PM5) 7.3.0
Report Ver. 7.3.6.1

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CASH & INVESTMENT BALANCES
Cash Funds
General Account $2,729,115.08
Payroll Account $0.00
Change Fund - General Fund $600.00
Petty Cash Account $303.00
Cash With Fiscal Agent (US Bank 2021 Bonds) $1,448.93
Total Cash Funds $2,731,467.01
City & LAIF Invested Funds (Book Value):

Local Agency Investment Fund $19,079,248.75
City-Managed Fixed-Income Securities (0-5 year maturity) $50,782,191.13 Total Investment Funds (Book Value) $69,861,439.88
Fiscal Year-To-Date Effective Rate of Return (City Funds & LAIF) 4.09% (7 Months) Fiscal YTD Interest Earnings (City Funds & LAIF) $1,587,024.29 (7 Months) FY 2025-26 Budgeted Interest Earnings (City Funds & LAIF) $1,530,800.00 (12 Months) Invested Funds With OPEB Trust (Managed by CalPERS/State Street) Annualized rate of return (6/30/2016 - 6/30/2025) 5.16% ( 9 Years) OPEB Trust Starting Balance (7/1/2025) $945,947.34
OPEB Trust FY 25-26 Contributions $88,000.00
OPEB Trust FY 25-26 Earnings $74,319.45 (7 Months)
OPEB Trust Ending Balance (01/31/2026) $1,108,266.79
GRAND TOTAL - CASH & INVESTMENTS $73,701,173.68

CITY OF DIAMOND BAR - CITY TREASURER'S CASH BALANCE REPORT AS OF JANUARY 31, 2026

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Agenda Item #: 7.4
Meeting Date: February 17, 2026

CITY COUNCIL AGENDA REPORT
TO: Honorable Mayor and Members of the City Council
FROM: Daniel Fox, City Manager
SUBJECT: Appropriation for Special Legal Counsel Services.

STRATEGIC GOAL: Safe, Sustainable and Healthy Community RECOMMENDATION:

Appropriate $100,000 from the available General Fund Unassigned fund balance for Special Legal Services.

FINANCIAL IMPACT:

A total of $100,000 would be appropriated from the General Fund to the Special Legal Services account (100120-54022) to cover such costs.

BACKGROUND:

In addition to the City’s primary legal services through Woodruff & Smart, the City often enlists the services of additional legal experts to assist in a number of matters important to the community. The City has secured the services of Claire Collins of Hansen Bridgett LLP for special legal counsel services related to issues involving the sanitary sewer system serving properties in the City.

ANALYSIS:

Ms. Collins’ services were initially retained for a not-to-exceed amount of $45,000 under the City Manager’s signature authority. In both May and September 2025, the City Council approved additional appropriations of $100,000 each, bringing the total appropriations to date to $245,000. It is anticipated that at some future date, the cost of Ms. Collins’ services will exceed that amount and thus, City Council approval of an additional appropriation is required.

It is therefore recommended that the City Council appropriate $100,000 from the available General Fund balance to cover such services.

LEGAL REVIEW:

The City Attorney has reviewed and concurs with the recommendation.

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Agenda Item #: 7.4
Meeting Date: February 17, 2026
PREPARED BY:

Daniel Fox, City Manager
ATTACHMENTS:

None

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Agenda Item #: 7.5
Meeting Date: February 17, 2026

CITY COUNCIL AGENDA REPORT
TO: Honorable Mayor and Members of the City Council
FROM: Daniel Fox, City Manager
SUBJECT: Exchange Agreement with the Los Angeles County Metropolitan Transportation Authority for Assignment of Federal Surface Transportation Program - Local Funds, and Second Amendment to Consulting Services Agreement with MNS Engineers, Inc. for the Diamond Bar Blvd Complete Streets Project.

STRATEGIC GOAL: Responsible Stewardship of Public Resources RECOMMENDATION:

A. Determine that approving the fund exchange agreement and consulting services agreement amendment for the Project, are exempt from the California Environmental Quality Act (CEQA) under Section 15301(c) of the CEQA Guidelines;
B. Approve, and authorize the City Manager to sign, the Exchange Agreement with the Los Angeles County Metropolitan Authority for the STP-L fund of the Diamond Bar Complete Streets Project in a notto-exceed amount of $1,166,000; and C. Approve, and authorize the City Manager to sign, the Second Amendment to the Consulting Service Agreement with MNS Engineers, Inc., in a not-to-exceed amount of $75,170.

FINANCIAL IMPACT:

A combination of grants and special funds currently funds the Project's construction phase (CIP# SI256). After the exchange process is completed, the City will utilize the $1,166,000 of Proposition C funding received for construction, and reserve the full amounts of Measure M ($380,000), Measure R ($600,000), and a portion of local Proposition C ($178,000) funding currently allocated to the Project for future projects.

Sufficient funding is available in the Project design budget (CIP# PW17) to fund the not-to-exceed amount of $75,170 for the Second Amendment to the Consulting Services Agreement with MNS Engineers, Inc.

BACKGROUND:

STP-L Exchange
Surface Transportation Program – Local (STP-L) refers to federal-aid highway funds allocated to states and to local governments for use on eligible projects. These funds, as they were at the time they were allocated to the

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Agenda Item #: 7.5
Meeting Date: February 17, 2026
City, were formula-based and subject to strict federal obligation limits. To prevent these funds from lapsing, the City programmed and subsequently obligated its STP-L funding for the construction of the Diamond Bar Blvd Complete Streets Project, an STP-L-eligible project.

On November 4, 2025, the City Council approved the awarding of a construction agreement for the Diamond Bar Blvd Complete Streets Project (Project, CIP# SI256). As part of that process, the City informed the Council that the Federal STP-L grant fund would not be used for the construction of the Project.

Design Support During Construction
On November 21, 2023, the City Council approved the First Amendment to an existing agreement with MNS Engineers, Inc. (Consultant) to incorporate the Town Center Specific Plan elements in the design of the Project.

ANALYSIS:

STP-L Exchange
Although the federal STP-L funding of $1.166 million was fully approved by Metro and obligated by Caltrans for the Project, the City, to avoid the regulatory impact of this partial federal funding on the entire project budget of about $10 million, has been working with Metro and Caltrans to de-federalize the Project and facilitate an exchange of federal funding for non-federal funds. As federal funding requirements have evolved over the years, the impact of maintaining the project's federal status, including additional construction and administrative costs, was estimated to consume most of the STP-L grant funding.

The City and Metro collaborated on an exchange agreement (Attachment 1), under which the City would receive $1.166 million in Proposition C funding in exchange for the STP-L funding for the Project. After completing the exchange process as outlined in the agreement, the City proposes to replace other funding sources of the Project with this Prop C funding as follows:

Funding Source Currently Approved Proposed (After Exchange) Change STP-L Exchange Prop C $- $1,166,000 $1,166,000
TDA C6 Grant $3,936,000 $3,936,000 $-
MSP Grant $2,985,000 $2,985,000 $-
Measure W $900,000 $900,000 $-
Proposition A $1,340,000 $1,340,000 $-
TDA $100,000 $100,000 $-
Proposition C $328,000 $150,000 ($178,000)
Measure M $380,000 $- ($380,000)
Measure R $600,000 $- ($600,000)
TOTAL $10,569,000 $10,577,000 $8,000
Design Support During Construction
The Project's design scope of work did not include support from the design consultant during construction. That is the City's standard practice for larger projects when a construction schedule is unavailable due to funding uncertainty or other factors. Since a construction contract was awarded on November 4, 2025, and the Project is officially in its construction phase, a Second Amendment (Attachment 2) is proposed to cover the design engineer's service costs during construction and at the Project's closure. These services include, among other things, review of submittals and shop drawings prepared by the contractor, responding to the contractor's Request for Information (RFIs) on the design, Construction Change Order review support, and preparation of as-built plans at the project completion.

ENVIRONMENTAL REVIEW:

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Agenda Item #: 7.5
Meeting Date: February 17, 2026
It has been determined that this Project is exempt from the California Environmental Quality Act (CEQA) provisions, pursuant to the California Code of Regulations, guidelines for the implementation of CEQA, Section 15301(c) under Class 1 Existing Facilities, existing highways and streets.

LEGAL REVIEW:

The City Attorney has reviewed and approved the Exchange Agreement and the Second Amendment to the Consulting Services Agreement as to form.

PREPARED BY:

Hal Ghafari, Public Works Manager/Assistant City Engineer, Public Works ATTACHMENTS:

1. Exchange Agreement with Metro

2. Second Amendment to Agreement with MNS Engineers, Inc.

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Docusign Envelope ID: D83367B3-3B8C-42C4-949E-157DAE83DEAD

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Docusign Envelope ID: D83367B3-3B8C-42C4-949E-157DAE83DEAD

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Docusign Envelope ID: D83367B3-3B8C-42C4-949E-157DAE83DEAD

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Docusign Envelope ID: D83367B3-3B8C-42C4-949E-157DAE83DEAD

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Docusign Envelope ID: D83367B3-3B8C-42C4-949E-157DAE83DEAD

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Agreement Number 9200000000STPL2601
Attachment A

AUTOMATED CLEARING HOUSE (ACH) PAYMENT AUTHORIZATION
Docusign Envelope ID: D83367B3-3B8C-42C4-949E-157DAE83DEAD

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Agreement Number 9200000000STPL2601
Attachment A

AUTOMATED CLEARING HOUSE (ACH) PAYMENT AUTHORIZATION

Docusign Envelope ID: D83367B3-3B8C-42C4-949E-157DAE83DEAD

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Agreement Number 9200000000STPL2601
Attachment A

AUTOMATED CLEARING HOUSE (ACH) PAYMENT AUTHORIZATION
Docusign Envelope ID: D83367B3-3B8C-42C4-949E-157DAE83DEAD

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Agreement No. 9200000000STPL2601

Attachment B

STATEMENT OF WORK
Project Title: Diamond Bar Blvd. Complete Streets Project Project Description:

Reconstruct asphalt and construct enhanced crosswalks, pedestrian walkways, green protected bicycle lanes, ADA ramps, and green street bioswales. Rebuild and improve four bus stops. The upgraded bicycle lane and pedestrian pathways span the entire length of the project in both directions. Total project centerline length is about 0.26 miles.

Project Schedule:

Start Construction January 2026
Complete Construction March 2027
Project Funding:

STPL Exchange $1,166,000
Measure M- Multi-Year Subregional $2,985,000
State ATP-MPO Cycle 6 (FTIP #LA0G1708) $3,936,000
City Local Funds $2,482,000
Total Project Cost: $10,569,000
Project Map:

See next page
Docusign Envelope ID: D83367B3-3B8C-42C4-949E-157DAE83DEAD

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Agreement No. 9200000000STPL2601

Docusign Envelope ID: D83367B3-3B8C-42C4-949E-157DAE83DEAD

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1450782.1

SECOND AMENDMENT
TO

CONSULTANT SERVICES AGREEMENT
This Second Amendment to Consultant Services Agreement (“Second Amendment”) is made and entered into as of February 17, 2026, by and between the City of Diamond Bar, a municipal corporation (“City”), and MNS Engineers, Inc., a California corporation (herein referred to as the “Consultant”), with reference to the following:

A. The City and the Consultant entered into that certain Consultant Services Agreement dated as of June 20, 2017, which is incorporated herein by this reference (the “Original Agreement”); and
B. The City and the Consultant entered into that certain First Amendment dated as of November 21, 2023, which is incorporated herein by this reference (“First Amendment”), which First Amendment and Original Agreement collectively are referred to herein as the "Agreement");
C. The City and the Consultant desire to amend the Agreement as provided herein.

NOW, THEREFORE, the parties agree as follows:

1. Defined Terms. Except as otherwise defined herein, all capitalized terms used herein shall have the meanings set forth for such terms in the Original Agreement.

2. Revised Scope of Services. The Scope of Services, Exhibit "A" to the Original Agreement and First Amendment, is hereby amended, modified and supplemented to include the services described in Exhibit "A-2" attached hereto and incorporated herein by this reference.

3. Term. The Term of the Original Agreement as set forth in Section 2 therein begin from June 20, 2017 and shall continue unless earlier terminated pursuant to the provisions therein. The First Amendment did not change the Term except including adding the provisions therein. This Second Amendment does not change the Term except including adding the provisions herein.
4 Compensation. The total not-to-exceed compensation set forth in Section 3 of the Original Agreement, was the sum of Two Hundred Ninety-Five Thousand Eight Hundred and Sixty-Six Dollars ($295,866). The First Amendment amended Section 3 of the Original Agreement to provide for a total not-to-exceed compensation in the sum of Five Hundred Three Thousand Four Hundred and Twenty-Six Dollars ($503,426). The total notto-exceed compensation of the Agreement is hereby amended to provide for an increase of Docusign Envelope ID: AE2B0EB2-DBB3-4E77-956C-BA489201916A

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1450782.1
Seventy-Five Thousand One Hundred and Seventy Dollars ($75,170) so that the total notto-exceed compensation, as amended by this Second Amendment shall not exceed Five Hundred Seventy-Eight Thousand Five Hundred and Ninety-Six Dollars ($578,596) without the prior authorization of the City.

5. Integration. This Second Amendment and all attachments hereto (if any) integrate all of the terms and conditions mentioned herein, and supersede all prior negotiations between the parties with respect hereto. This Second Amendment amends, as set forth herein, the Agreement and except as specifically amended hereby, the Agreement shall remain in full force and effect. To the extent that there is any conflict or inconsistency between the terms and provisions of this Second Amendment and the terms and provisions of the Agreement, the terms and provisions of this Second Amendment shall control.

IN WITNESS hereof, the parties enter into this Second Amendment on the year and day first above written.
“CONSULTANT” “CITY”
MNS ENGINEERS, INC. CITY OF DIAMOND BAR
*By: By:

Printed Name: Darren Riegler Daniel Fox, City Manager
Title: President/CEO
*By: ATTEST:

Printed Name: Brandon Reyes
Title: Vice President
Kristina Santana, City Clerk
APPROVED AS TO FORM:

Omar Sandoval, City Attorney
*NOTE:If Consultant is a corporation, the City requires the following signature(s):
-- (1) the Chairman of the Board, the President or a Vice-President, AND (2) the Secretary, the Chief Financial Officer, the Treasurer, an Assistant Secretary or an Assistant Treasurer. If only one corporate officer exists or one corporate officer holds more than one corporate office, please so indicate. OR
-- The corporate officer named in a corporate resolution as authorized to enter into this Agreement. A copy of the corporate resolution, certified by the Secretary close in time to the execution of the Agreement, must be provided to the City.

Docusign Envelope ID: AE2B0EB2-DBB3-4E77-956C-BA489201916A

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1450782.1
EXHIBIT “A-2”

ADDITIONAL SCOPE OF SERVICES
Docusign Envelope ID: AE2B0EB2-DBB3-4E77-956C-BA489201916A

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November 25, 2025
City of Diamond Bar
Attention: Hal Ghafari, Public Works Manager/Assistant City Engineer 21810 Copley Drive
Diamond Bar, CA 91765
SUBJECT: DRAFT Amendment #3 for Design Service During Construction - Diamond Bar Boulevard Complete Street
Dear Hal,
This amendment will address the need for design services during construction for the Diamond Bar Boulevard Complete Street Project. The services will include MNS team members - TJW Engineering, Inc. (TJW), Lynn Capoya, Inc. (LCI), and P2S Engineering, Inc. (P2S).

Scope of Work
Task 1 – Submittal Reviews
MNS Team will review submittals and shop drawings (up to 30) when requested.

Task 2 - Response to Requests for Information (RFIs)
MNS Team will review and respond to RFIs (up to 30) when requested.

Task 3 – Contractor Change Order (CCO) Support
MNS Team will review CCO and prepare plans and/or specifications as needed (up to 2).

Task 4 – Field Visits/Meeting
MNS Team will perform up to eight (8) field visits/construction meetings, final walk thru & punch list.

LCI will preform tree tagging at nursery.

Task 5 – As-Built Drawings
MNS Team will prepare as-built drawings based on the contractor’s redline. We will provide AutoCAD and PDF files.

Fee
The not-to-exceed fee for the scope of work defined in this letter is $75,170. A detailed cost breakdown is attached.

Docusign Envelope ID: AE2B0EB2-DBB3-4E77-956C-BA489201916A

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Task Fee
1 – Submittal Reviews $22,960
2 – Respond to RFIs $18,270
3 – CCO Support $9,000
4 – Field Visits / Construction Meetings $13,970
5 – As-Built Drawings $10,970
Task Total $75,170
Please let us know if we can provide any more information and feel free to call me to discuss this request at (805) 719-9807 or if you prefer, via email at [email protected].

Sincerely,
MNS Engineers, Inc.

Michael Ip, PE, QSD
Principal Engineer
Docusign Envelope ID: AE2B0EB2-DBB3-4E77-956C-BA489201916A

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Principal Engineer
Senior Project
Engineer
Assistant Engineer
Task Descriptions $340 $255 $195
1 - Submittal Reviews ( up to 30) 2 32 16 50 $11,960 $5,500 $1,650 $3,850 $22,960 2 - Response to RFIs ( up to 30) 2 24 12 38 $9,140 $4,950 $1,650 $2,530 $18,270 3 - CCO Support ( Up to 2) 2 8 4 14 $3,500 $2,750 $550 $2,200 $9,000 4 - Field Visits / Construction Meetings ( up to 8) 2 12 14 $3,740 $6,380 $1,650 $2,200 $13,970 5 - As-Built Drawings 4 20 24 $4,920 $2,750 $1,100 $2,200 $10,970 Total Staff Hours 8 80 52
Total Staff Costs $2,720 $20,400 $10,140
$75,170
Project Summary

GRAND TOTAL
140
Hours $75,170
Staff Summary
MNS Engineers
MNS Resource Costs
Lynn Capouya, Inc.
$33,260 $22,330 $6,600 $12,980
MNS Engineers, Inc., Team Resource Estimate
Diamond Bar Boulevard Complete Street - Design Services During Construction Reimbursables MNS Resource Hours Total Costs
Task Summary
TJW Engineering, Inc.

P2S Engineering, Inc.

Docusign Envelope ID: AE2B0EB2-DBB3-4E77-956C-BA489201916A

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2025 - 20 2 6 STANDARD SCHEDULE OF FEES

PROJECT/PROGRAM MANAGEMENT
Principal-In-Charge...............................$395
Senior Project/Program Manager......355
Project/Program Manager....................305
Assistant Project/Program Manager 280
Senior Project Coordinator...................220
Project Coordinator.................................185

ENGINEERING
Principal Engineer..................................$340 Lead Engineer............................................ 300 Supervising Engineer.............................. 285
Senior Project Engineer......................... 255
Project Engineer........................................ 230 Associate Engineer .................................. 210 Assistant Engineer.................................... 195

SURVEYING
Principal Surveyor..................................$310 Lead Surveyor............................................ 300 Supervising Surveyor.............................. 255
Senior Project Surveyor......................... 230
Project Surveyor........................................ 205 Associate Project Surveyor................... 195
Assistant Project Surveyor.................... 180
Party Chief (PW)........................................ 210 Chainperson (PW) .................................... 180 One-Person Survey Crew (PW)........... 250

TECHNICAL SUPPORT
CADD Manager.......................................$220 Supervising Technician .......................... 195
Senior Technician..................................... 185 Engineering Technician ......................... 150

CONSTRUCTION MANAGEMENT
Principal Construction Manager......$375
Senior Construction Manager.............325
Senior Resident Engineer......................295
Resident Engineer....................................275 Structure Representative.......................280
Construction Manager...........................250
Assistant Resident Engineer.................225
Sr. Construction Inspector (PW) ........210
Construction Inspector (PW) ..............195
Office Administrator................................ 140

PLANNING
Practice Lead............................................$315 Senior Technical Specialist....................275
Technical Specialist...................................250 Principal Planner/Scientist.....................210
Senior Planner/Scientist .........................195
Associate Planner/Scientist...................165
Assistant Planner/Scientist/Monitor..140
Planning Technician/Field Monitor....115
Senior GIS Technician..............................185
GIS Technician ............................................140 Labor Compliance Officer......................165
Labor Compliance Analyst.....................125
Senior Housing Manager.......................235
Housing Manager .....................................195 Principal Housing Analyst......................175
Senior Housing Analyst ..........................145
Housing Analyst.........................................115

GOVERNMENT SERVICES
City Engineer........................................... $295 Deputy City Engineer..............................260
Assistant City Engineer...........................245
Plan Check Engineer................................205
Permit Engineer.........................................195 City Inspector.............................................185 Senior City Inspector (PW) ..................210
City Inspector (PW)..................................195 Principal Stormwater Specialist..........250
Senior Stormwater Specialist...............220
Stormwater Specialist.............................190
Stormwater Technician ..........................170
Building Official.........................................285 Senior Building Inspector......................220
Building Inspector....................................195 Senior Grant Writer..................................210 Grant Writer................................................200 Associate Grant Writer...........................180
Assistant Grant Writer ............................160

ADMINISTRATIVE SUPPORT
Senior Management Analyst............ $220
Management Analyst..............................190
IT Technician...............................................155 Graphics/Visualization Specialist.......165
Administrative Assistant........................115

DIRECT EXPENSES
Use of outside consultants as well as copies, blueprints, survey stakes, monuments, computer plots, telephone, travel (out of area) and all similar charges directly connected with the work will be charged at cost plus fifteen percent (15%). Mileage will be charged at the current federal mileage reimbursement rate.

PREVAILING WAGE RATES
Rates shown with Prevailing Wage “(PW)” annotation are used for field work on projects subject to federal or state prevailing wage law and are subject to increases per DIR.

ANNUAL ESCALATION
Standard fee rates provided for each classification are subject to 5% annual escalation or the most recent US Bureau of Labor Statistics Consumer Price Index, whichever is higher.

OVERTIME
Overtime for non-exempt employees will be charged at 1.5 x hourly rate; overtime for exempt employees and other classifications will be charged at 1 x hourly rate. Rev. 11/7/2025
Docusign Envelope ID: AE2B0EB2-DBB3-4E77-956C-BA489201916A

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Certificate Of Completion
Envelope Id: AE2B0EB2-DBB3-4E77-956C-BA489201916A Status: Sent Subject: Second Amendment to the Consulting Service Agreement with MNS Engineers, Inc., Source Envelope:

Document Pages: 7 Signatures: 1 Envelope Originator:

Certificate Pages: 5 Initials: 0 Hal Ghafari
AutoNav: Enabled
EnvelopeId Stamping: Enabled
Time Zone: (UTC-08:00) Pacific Time (US & Canada)
21825 Copley Dr
Diamond Bar, CA 91765-4178
[email protected]
IP Address: 76.79.169.100
Record Tracking
Status: Original
2/5/2026 6:59:22 PM
Holder: Hal Ghafari
[email protected]
Location: DocuSign
Signer Events Signature Timestamp
Omar Sandoval
[email protected]
City Attorney
Security Level: Email, Account Authentication
(None) Signature Adoption: Uploaded Signature Image
Using IP Address: 142.129.162.64
Sent: 2/5/2026 7:05:15 PM
Viewed: 2/6/2026 8:05:22 PM
Signed: 2/6/2026 8:06:57 PM
Electronic Record and Signature Disclosure:

Accepted: 8/30/2023 9:27:38 AM
ID: fa17dabd-c770-4ac7-ae93-2ad37854a23a
Daniel Fox, City Manager
[email protected]
City Manager
City of Diamond Bar
Security Level: Email, Account Authentication
(None)
Sent: 2/6/2026 8:06:58 PM
Viewed: 2/7/2026 8:20:52 AM
Electronic Record and Signature Disclosure:

Not Offered via Docusign
Kristina Santana, City Clerk
[email protected]
Security Level: Email, Account Authentication
(None)
Electronic Record and Signature Disclosure:

Not Offered via Docusign
In Person Signer Events Signature Timestamp
Editor Delivery Events Status Timestamp
Agent Delivery Events Status Timestamp
Intermediary Delivery Events Status Timestamp
Certified Delivery Events Status Timestamp
Carbon Copy Events Status Timestamp
Witness Events Signature Timestamp

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Notary Events Signature Timestamp
Envelope Summary Events Status Timestamps
Envelope Sent Hashed/Encrypted 2/5/2026 7:05:15 PM
Envelope Updated Security Checked 2/5/2026 7:34:45 PM
Payment Events Status Timestamps
Electronic Record and Signature Disclosure

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ELECTRONIC RECORD AND SIGNATURE DISCLOSURE
From time to time, City of Diamond Bar (we, us or Company) may be required by law to provide to you certain written notices or disclosures. Described below are the terms and conditions for providing to you such notices and disclosures electronically through the DocuSign system.

Please read the information below carefully and thoroughly, and if you can access this information electronically to your satisfaction and agree to this Electronic Record and Signature Disclosure (ERSD), please confirm your agreement by selecting the check-box next to ‘I agree to use electronic records and signatures’ before clicking ‘CONTINUE’ within the DocuSign system.

Getting paper copies
At any time, you may request from us a paper copy of any record provided or made available electronically to you by us. You will have the ability to download and print documents we send to you through the DocuSign system during and immediately after the signing session and, if you elect to create a DocuSign account, you may access the documents for a limited period of time (usually 30 days) after such documents are first sent to you. After such time, if you wish for us to send you paper copies of any such documents from our office to you, you will be charged a $0.00 per-page fee. You may request delivery of such paper copies from us by following the procedure described below.

Withdrawing your consent
If you decide to receive notices and disclosures from us electronically, you may at any time change your mind and tell us that thereafter you want to receive required notices and disclosures only in paper format. How you must inform us of your decision to receive future notices and disclosure in paper format and withdraw your consent to receive notices and disclosures electronically is described below.

Consequences of changing your mind
If you elect to receive required notices and disclosures only in paper format, it will slow the speed at which we can complete certain steps in transactions with you and delivering services to you because we will need first to send the required notices or disclosures to you in paper format, and then wait until we receive back from you your acknowledgment of your receipt of such paper notices or disclosures. Further, you will no longer be able to use the DocuSign system to receive required notices and consents electronically from us or to sign electronically documents from us.

All notices and disclosures will be sent to you electronically Electronic Record and Signature Disclosure created on: 8/30/2023 9:00:10 AM Parties agreed to: Omar Sandoval

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Unless you tell us otherwise in accordance with the procedures described herein, we will provide electronically to you through the DocuSign system all required notices, disclosures, authorizations, acknowledgements, and other documents that are required to be provided or made available to you during the course of our relationship with you. To reduce the chance of you inadvertently not receiving any notice or disclosure, we prefer to provide all of the required notices and disclosures to you by the same method and to the same address that you have given us. Thus, you can receive all the disclosures and notices electronically or in paper format through the paper mail delivery system. If you do not agree with this process, please let us know as described below. Please also see the paragraph immediately above that describes the consequences of your electing not to receive delivery of the notices and disclosures electronically from us.

How to contact City of Diamond Bar:

You may contact us to let us know of your changes as to how we may contact you electronically, to request paper copies of certain information from us, and to withdraw your prior consent to receive notices and disclosures electronically as follows:

To contact us by email send messages to: [email protected] To advise City of Diamond Bar of your new email address To let us know of a change in your email address where we should send notices and disclosures electronically to you, you must send an email message to us at [email protected] and in the body of such request you must state: your previous email address, your new email address. We do not require any other information from you to change your email address.

If you created a DocuSign account, you may update it with your new email address through your account preferences.

To request paper copies from City of Diamond Bar
To request delivery from us of paper copies of the notices and disclosures previously provided by us to you electronically, you must send us an email to [email protected] and in the body of such request you must state your email address, full name, mailing address, and telephone number. We will bill you for any fees at that time, if any.

To withdraw your consent with City of Diamond Bar
To inform us that you no longer wish to receive future notices and disclosures in electronic format you may:

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i. decline to sign a document from within your signing session, and on the subsequent page, select the check-box indicating you wish to withdraw your consent, or you may; ii. send us an email to [email protected] and in the body of such request you must state your email, full name, mailing address, and telephone number. We do not need any other information from you to withdraw consent.. The consequences of your withdrawing consent for online documents will be that transactions may take a longer time to process..

Required hardware and software
The minimum system requirements for using the DocuSign system may change over time. The current system requirements are found here: https://support.docusign.com/guides/signer-guidesigning-system-requirements.

Acknowledging your access and consent to receive and sign documents electronically To confirm to us that you can access this information electronically, which will be similar to other electronic notices and disclosures that we will provide to you, please confirm that you have read this ERSD, and (i) that you are able to print on paper or electronically save this ERSD for your future reference and access; or (ii) that you are able to email this ERSD to an email address where you will be able to print on paper or save it for your future reference and access. Further, if you consent to receiving notices and disclosures exclusively in electronic format as described herein, then select the check-box next to ‘I agree to use electronic records and signatures’ before clicking ‘CONTINUE’ within the DocuSign system.

By selecting the check-box next to ‘I agree to use electronic records and signatures’, you confirm that:
 You can access and read this Electronic Record and Signature Disclosure; and  You can print on paper this Electronic Record and Signature Disclosure, or save or send this Electronic Record and Disclosure to a location where you can print it, for future reference and access; and
 Until or unless you notify City of Diamond Bar as described above, you consent to receive exclusively through electronic means all notices, disclosures, authorizations, acknowledgements, and other documents that are required to be provided or made available to you by City of Diamond Bar during the course of your relationship with City of Diamond Bar.

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Agenda Item #: 9.1
Meeting Date: February 17, 2026

CITY COUNCIL AGENDA REPORT
TO: Honorable Mayor and Members of the City Council
FROM: Daniel Fox, City Manager
SUBJECT: Annual Comprehensive Financial Report (ACFR) for the Fiscal Year Ended June 30, 2025.

STRATEGIC GOAL: Responsible Stewardship of Public Resources RECOMMENDATION:

Receive and file the FY 2024/25 Annual Comprehensive Financial Report.

FINANCIAL IMPACT:

N/A
BACKGROUND:

The Fiscal Year (FY) 2024/25 annual audit has been completed by the City’s independent audit firm of Lance, Soll and Lunghard, LLP (LSL). The City’s Finance Department, in concert with LSL, has prepared the FY 2024/25 Annual Comprehensive Financial Report (ACFR). The City’s Audit Subcommittee, which is comprised of Mayor Steve Tye and Mayor Pro Tem Ruth Low, met on February 4, 2026 with the City Manager, Finance Director, Finance Supervisor and an LSL representative to discuss the results of the audit.

In the opinion of LSL, the financial statements reflect fairly the financial position and results of operations for the fiscal year ended June 30, 2025. The auditors found no instances of material weaknesses in the City’s internal controls and no instances of non-compliance with certain provisions of laws, regulations, contracts or grants, which could have a material effect on the determination of financial statement amounts. They also indicated that there were no disagreements with management in completing their audit.

The ACFR has been prepared in conformance with the requirements of the Government Accounting Standards Board (GASB) Statement No. 34. As a result, the report format includes the Management Discussion and Analysis, Required Supplementary Information, and the Government-wide Financial Statements which include the Statement of Net Position and Statement of Activities. A copy of the FY 2024/25 ACFR is included as Attachment 1.

ANALYSIS:

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Agenda Item #: 9.1
Meeting Date: February 17, 2026

Government-wide Revenues & Expenses
Government-wide revenues from all functions and programs for FY 2024/25 rose $2.4 million to $47.4 million, an increase of 5.4%. This increase is due mainly to the City’s receipt of donated land, Stevens Field (baseball facilities), and substantive one-time State grants for capital improvements to City parks (Maple Hill Park and Pantera Park), and investment income, offset by reductions in sales tax revenues and charges for service, such as city user fees.

Government-wide expenses from all City programs and activities for FY 2024/25 rose by $3.4 million to $43.4 million, an increase of 8.5%. This increase in costs is due mainly to rising inflation affecting general government services, public safety programs and capital projects, offset by reductions in park & recreation spending, mainly due to the elimination of the capital expense related to the capitalization/acquisition of the Stevens Field property in the amount of $925 thousand. As a result, total net position increased by $2.2 million to $401.9 million.

General Fund Revenues & Expenditures

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Agenda Item #: 9.1
Meeting Date: February 17, 2026

General Fund revenues were $30.6 million for FY 2024/25, a year-over-year decrease of $521.6 thousand (or

1.7%), and $484.6 thousand less than the FY 2024/25 Revised Budget of $31.1 million. The unfavorable result is mainly due to decreased revenues from the Taxes category, namely Sales Taxes (-$345.6 thousand) and Franchise Fees (-$93.4 thousand). Additional detail on the City's sales tax receipts in shown in the table below.

General Fund expenditures were $28.6 million for FY 2024/25, a year-over-year increase of $1.9 million (or 6.9%), and $2.1 million less than the FY 2024/25 Revised Budget of $30.7 million. Of this $2.1 million in budget savings, an amount of $71.2 thousand has been carried over (i.e. re-appropriated) for ongoing initiatives in FY 2025/26 (e.g. citywide fee update, labor relations, special legal services).

Transfers-In for FY 2024/25 were mostly composed of Gas Tax revenues used to offset qualifying General Fund expenditures for road maintenance. Transfers-Out for FY 2024/25 were composed mainly of ongoing nondiscretionary payments for insurance premiums and debt service and one-time expenditures for capital improvement projects. Transfers-In net of Transfers-Out were negative $2.3 million. This net negative category was determinative in the final operating deficit of $254.2 thousand for FY 2024/25, an outcome that was expected in the revised budget which authorized an operating deficit of $3.1 million to fund one-time

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Agenda Item #: 9.1
Meeting Date: February 17, 2026
initiatives and projects. An unspent Transfers-Out appropriation in the amount $1.1 million will be carried over (i.e. re-appropriated) for ongoing capital improvement projects in FY 2025/26, namely Diamond Bar Center facility upgrades, Sycamore Canyon Park Bridge (design), Canyon Loop Trail (habitat restoration), and Diamond Bar Blvd. Complete Streets (design).

Reserve Balances
Taken in aggregate, fund balances for all governmental funds were $61.6 million and at the end of FY 2024/25, a decrease of $4.5 million. This result follows a prior-year increase of $2.8 million and is mainly the result of utilizing fund balances for one-time capital projects approved in the City Capital Improvement Program.

More information on reserve balances can be found in Note 11 of the attached ACFR and in the Statistical Section.

Reserve Funding
The FY 2024/25 ACFR includes the fund balance reserve reporting methodology set forth in GASB Statement No. 54. It is a long-term goal of the City to build unrestricted reserve funds to provide flexibility, respond to emergencies, fund new projects and replace and maintain facilities, capital equipment and assets. Therefore, the City Council approved an updated Fund Balance and Reserves Policy on August 20, 2019 (Res. No. 2019- 36) which established that an amount of no less than 25% of General Fund expenditures be set aside as a formal commitment of fund balance to be used in the event of a Federal, State or Local emergency.

At June 30, 2025, the amount committed to emergency contingencies totals $8.1 million (25% of the FY 2025/26 Adopted General Fund Budget). This amount is included within the $34.4 million General Fund reserve balance noted above and is highlighted separately in the schedule below which shows balances for key operating reserves.

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Agenda Item #: 9.1
Meeting Date: February 17, 2026

Total key reserves, as shown in the table above, decreased marginally by $73.5 thousand (or -0.7%) to a total of $41.3 million. The General Fund Unassigned Reserve increased $1.3 million due mainly to shifting reserve balances from the Capital Improvement Projects and the Contingency Reserves. The Technology and General Plan Update Reserves decreased $651.7 thousand in aggregate due to ongoing projects, namely the upgrade of the City’s Land Management System and the development of the Town Center Specific Plan.

Other Post-Employment Benefits (OPEB) Fund
As required by GASB Statement No. 75, the ACFR includes disclosure of the City’s Other Post-Employment Benefits (OPEB) liability. In connection with the retirement benefits for employees provided through California Public Employees Retirement System (CalPERS), the City provides post-retirement health care benefits to retirees through the CalPERS Health Benefits program. Although the retiree pays most of the cost of this benefit the City is required to pay a small portion of this cost – the City’s OPEB obligation is derived from this benefit.

The City’s total OPEB obligation at June 30, 2025 was $1,344,501 a decrease of $41,963. However, when taking into account the City’s OPEB trust fund plan balance of $945,947 (70% of liability) held with the California Employers’ Retiree Benefit Trust (CERBT), the net liability reduces to $398,554. Additional funding in the amount of $259,359 (19% of liability) is also set aside in an OPEB Reserve fund (see table above) held by the City for future contributions to the trust, for a total funding status of 90%, which is an increase from the 80% funding status as of the prior year ending June 30, 2024, and a significant improvement from the 71% funding status the year ending June 30, 2022.

This funding level is considered quite favorable when compared to other cities and meets the City’s desired 80% funding goal established in the City’s Fund Balance and Reserves Policy.

Pension Liability
Since 2014, GASB Statement No. 68 has required the inclusion of Net Pension Liability in the Statement of Net Position. As of June 30, 2025, the City reported a total net pension liability of $8,708,162, a decrease from the prior year amount of $8,772,989. As of the most recently available valuation date from CalPERS (June 30, 2024) the City’s miscellaneous pension plan is 77.4% funded, an improvement from the prior year funded status of

75.7%. More information on pensions may be found in Note 8 of the ACFR.

Excellence in Financial Reporting
The Finance Department will submit the FY 2024/25 ACFR to the Government Finance Officers Association

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Agenda Item #: 9.1
Meeting Date: February 17, 2026
(GFOA) for consideration to receive the Certificate of Achievement for Excellence in Financial Reporting program. The City of Diamond Bar has been honored to receive this award for the past twenty-nine consecutive years.

PREPARED BY:

Jason Jacobsen, Finance Director, Finance
ATTACHMENTS:

1. City of Diamond Bar FY 2024/25 Annual Comprehensive Financial Report

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CITY OF DIAMOND BAR, CALIFORNIA
Annual Comprehensive Financial Report
For the Year Ended June 30, 2025
Prepared by:

Finance Department

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CITY OF DIAMOND BAR, CALIFORNIA
Annual Comprehensive Financial Report
For the Year Ended June 30, 2025
Table of Contents
Page(s)

INTRODUCTORY SECTION
Letter of Transmittal ..................................................................................................................................................... i GFOA Certificate of Achievement for Excellence in Financial Reporting .................................................................. iv Organization Chart ...................................................................................................................................................... v List of Elected and Administrative Officials ............................................................................................................... vi

FINANCIAL SECTION
Independent Auditors’ Report .................................................................................................................................... 1 Management's Discussion and Analysis (Required Supplementary Information) ..................................................... 5

BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements
Statement of Net Position ........................................................................................................................... 19 Statement of Activities ................................................................................................................................ 21 Fund Financial Statements
Balance Sheet – Governmental Funds ...................................................................................................... 22 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position ................................................................................................................. 23 Statement of Revenues, Expenditures, and Changes in Fund Balances .................................................. 24 Reconciliation of Statement of Revenues, Expenditures and Changes in Fund Balances of the Governmental Funds to the Statement of Activities ................................................ 25 Statement of Net Position – Proprietary Funds .......................................................................................... 26 Statement of Revenues, Expenses, and Changes in Fund Net Position – Proprietary Funds ...................................................................................................................... 27 Statement of Cash Flows – Proprietary Funds ........................................................................................... 28 Notes to Basic Financial Statements ............................................................................................................. 31

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CITY OF DIAMOND BAR, CALIFORNIA
Annual Comprehensive Financial Report
For the Year Ended June 30, 2025
Table of Contents
Page(s)

REQUIRED SUPPLEMENTARY INFORMATION
Budgetary Comparison Information:

Budgetary Comparison Schedule – General Fund ................................................................................. 61 Budgetary Comparison Information:

Budgetary Comparison Schedule – Traffic Improvement Fund ............................................................. 62 Schedule of Proportionate Share of the Net Pension Liability ........................................................................ 63 Schedule of Changes in the Net OPEB Liability and Related Ratios ............................................................. 64 Schedule of Plan Contributions – Pension ..................................................................................................... 66 Schedule of Contributions – OPEB ................................................................................................................. 66 Notes to Required Supplementary Information .............................................................................................. 67

SUPPLEMENTAL INFORMATION
Combining Balance Sheet .............................................................................................................................. 72 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances ................................................................................................................................................ 80 Budgetary Comparison Schedules - Special Revenue Funds:

State Gas Tax .............................................................................................................................................. 87 Proposition A Transit ................................................................................................................................... 88 Proposition C Transit ................................................................................................................................... 89 Integrated Waste Management ................................................................................................................... 90 Sewer Mitigation .......................................................................................................................................... 91 Air Quality Improvement .............................................................................................................................. 92 Measure M Local Return ............................................................................................................................. 93 Road Maintenance & Rehab ....................................................................................................................... 94 Trails & Bikeways ........................................................................................................................................ 95 Beverage Center Recycling Grant ............................................................................................................... 96 Used Oil Block Grant ................................................................................................................................... 97 Park and Facility Development .................................................................................................................... 98 Community Development Block Grant (CDBG) .......................................................................................... 99 Citizens Option for Public Safety (COPS) ................................................................................................. 100 Landscape Maintenance District ............................................................................................................... 101 Measure R Local Return ............................................................................................................................ 102 PEG Fees .................................................................................................................................................. 103 Waste Hauler ............................................................................................................................................. 104 CASP Fees (SB1186) ................................................................................................................................ 105 Street Beautification .................................................................................................................................. 106 Measure W Return .................................................................................................................................... 107 Hazard Mitigation Grant ............................................................................................................................. 108 Homelessness Response .......................................................................................................................... 109 PLHA ......................................................................................................................................................... 110

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CITY OF DIAMOND BAR, CALIFORNIA
Annual Comprehensive Financial Report
For the Year Ended June 30, 2025
Table of Contents
Page(s)
SUPPLEMENTAL INFORMATION (Continued)
Budgetary Comparison Schedule – Capital Projects Fund:

Capital Improvement ................................................................................................................................. 111 Budgetary Comparison Schedule – Debt Service Fund:

Public Financing Authority ......................................................................................................................... 112 Internal Service Funds:

Combining Statement of Net Position ........................................................................................................... 113 Combining Statement of Revenues, Expenses, and Changes in Fund Net Position ......................................................................................................................................... 114 Combining Statement of Cash Flows ........................................................................................................... 115

STATISTICAL SECTION
Financial Trends:

Net Position by Component - Last Ten Fiscal Years .................................................................................... 119 Changes in Net Position - Last Ten Fiscal Years ......................................................................................... 120 Fund Balances of Governmental Funds - Last Ten Fiscal Years ................................................................. 122 Changes in Fund Balances of Governmental Funds - Last Ten Fiscal Years .............................................. 124 Revenue Capacity:

Property Tax Dollar Breakdown .................................................................................................................... 126 Assessed and Estimated Actual Value of Taxable Property - Last Ten Fiscal Years .................................. 127 Direct and Overlapping Property Tax Rates - Last Ten Fiscal Years ........................................................... 128 Top 10 Property Taxpayers - Current Fiscal Year and Nine Fiscal Years Ago ............................................ 129 Property Tax Levies and Collections - Last Ten Fiscal Years ...................................................................... 130 Debt Capacity:

Ratios of Outstanding Debt by Type - Last Ten Fiscal Years....................................................................... 131 Direct and Overlapping Debt ........................................................................................................................ 132 Computation of Legal Debt Margin - Last Ten Fiscal Years ......................................................................... 133 Demographic and Economic Information:

Demographic and Economic Statistics - Last Ten Calendar Years .............................................................. 134 Taxable Sales by Category - Current Fiscal Year and Nine Fiscal Years Ago ............................................ 136 Operating Information:

Full-Time Equivalent City Employees by Function - Last Ten Fiscal Years ................................................. 138 Operating Indicators by Function - Last Ten Fiscal Years ............................................................................ 139 Capital Asset Statistics by Function - Last Ten Fiscal Years ....................................................................... 140

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City of Diamond Bar
21810 Copley Drive | Diamond Bar, CA 91765-4178
909-839-7000 | Fax 909-861-3117
www.DiamondBarCA.gov
Steve Tye
Mayor
District 1
Ruth M. Low
Mayor Pro Tem
District 2
Andrew Chou
Council Member
District 3
Stan Liu
Council Member
District 5
Chia Yu Teng
Council Member
District 4

January 28, 2025
To the Honorable Mayor, Members of the City Council
and the Residents of the City of Diamond Bar, California:

It is an honor to submit to you the Annual Comprehensive Financial Report (ACFR) of the City of Diamond Bar for the fiscal year ended June 30, 2025. This report consists of management’s representations concerning the finances of the City. Consequently, responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation n, including all disclosures, rests with the City’s management. To provide a reasonable basis for making these representations, management of the City has established a comprehensive internal control framework that is designed both to protect the City’s assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the City’s financial statements in conformance with generally accepted accounting principles (GAAP). Because the cost of internal controls should not outweigh their benefits, the City’s comprehensive framework of internal controls has been designed to provide assurance that the financial statements will be free from misstatement. As management, we assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material aspects.

The City’s financial statements have been audited by LSL, LLP, a firm of certified public accountants. The goal of the independent audit is to provide reasonable assurance that the financial statements of the City for fiscal year ended June 30, 2025, are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation.

The independent auditor concluded based upon the audit that there was a reasonable basis for rendering an unmodified opinion that the City’s financial statements for the fiscal year ended June 30, 2025, were fairly presented in conformity with GAAP. The independent auditor’s report is presented as the first component of the financial section of this report.

GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management’s Discussion and Analysis (MD&A). This letter of transmittal is designed to complement and should be read in conjunction with the MD&A. The City’s MD&A can be found immediately following the report of the independent auditors.

PROFILE OF THE CITY OF DIAMOND BAR
The City of Diamond Bar was incorporated on April 18, 1989, and is located at the eastern edge of Los Angeles County in the East San Gabriel Valley. Diamond Bar is primarily a residential community of about 57,000, situated among the meandering hills and valleys of Brea Canyon. Many desired services can be found in Diamond Bar's shopping and business centers. Recreational opportunities within the City include more than 75 acres of developed park facilities, hiking trails, a community center, a County-owned and operated 18-hole public golf course and more than 370 acres of undeveloped publicly owned open space.

Diamond Bar is also strategically located at the junction of the SR-57 and SR-60 freeways with easy access to I-10 and SR-71 freeways. This makes Diamond Bar a desirable and convenient location to live and work within close proximity to Los Angeles, Orange, Riverside and San Bernardino counties. i

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Diamond Bar is a General Law city and operates under the council-manager form of government. Policy making and legislative authority are vested in a five- member City Council. The City Council is responsible, among other things, for passing ordinances, adopting the budget, appointing Commissioners, and hiring both the City Manager and contracting for City Attorney services. The Council Members are elected by districts on a non-partisan basis and serve four-year staggered terms, with elections held every other year.

Each December, the City Council selects a Mayor and Mayor Pro Tem from its membership. The City Manager is responsible for overseeing the day-to-day operations of the City, and for appointing the heads of the various departments.

The City of Diamond Bar operates primarily as a “contract city” utilizing agreements with other governmental agencies, private sector firms and individuals to provide many of its essential services. This includes law enforcement services, animal services, building and safety services, engineering, road maintenance and landscape maintenance.

The Los Angeles County Fire District provides fire protection, which is independent of the City. Los Angeles County also provides library services through a Library District, and sewer and sanitation services through a Sanitation District. Funds for these services are collected through property tax bills and are disbursed directly by the Los Angeles County Tax Collector's Office to those entities.

Water services for the City are provided by the Walnut Valley Water District. Refuse collection is provided by private waste collection companies. Additionally, schools are provided by both the Walnut Valley Unified School District and the Pomona Unified School District. Accordingly, none of these activities are included in this report.

ECONOMIC CONDITION AND OUTLOOK
The Adopted FY 2025/26 Budget reflects a more constrained fiscal environment, shaped by cost pressures, economic uncertainty, and a persistent imbalance between recurring revenues and expenditures. While the City continues to prioritize core services and targeted investments, the budget reflects a cautious and disciplined approach to long-term financial commitments. The General Fund is budgeted with a modest surplus; however, this outcome is largely supported by one-time actions, underscoring the importance of continued attention to the City’s underlying fiscal structure.

Looking forward, anticipated improvements in broader economic conditions and interest-rate trends may provide some stabilization to revenues and investment earnings. Through prudent financial planning, conservative assumptions, and ongoing policy discussions, management remains focused on preserving the City’s fiscal health and ensuring responsible stewardship of public resources in support of the community’s long-term prosperity.

Economic Development continues to be an area of priority for the City. Accordingly, the FY 2025/26 Budget incorporates resources dedicated to continue planning efforts to create a pedestrian-oriented and walkable Town Center and programs to retain current businesses and attract new businesses that increase the City’s employment base and generate revenue. In addition, management continues to promote a “Shop Diamond Bar First, Keep It Local” campaign with a local rewards program to encourage residents to invest in their community through supporting local businesses.

AWARDS
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Diamond Bar for its annual comprehensive financial report for the fiscal year ended June 30, 2024. The Certificate of Achievement is a prestigious national award recognizing conformance with the highest standards for preparation of state and local financial reports.

In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized annual comprehensive financial report (ACFR), with contents that conform to program standards. The ACFR must satisfy both generally accepted accounting principles and applicable legal requirements.
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A Certificate of Achievement is valid for a period of one year only. The City of Diamond Bar has received the Certificate of Achievement for the last thrity consecutive years (fiscal years ended 1995 through 2024).

We believe our current report continues to meet the Certificate of Achievement Program’s requirements and we will be submitting it to GFOA to determine its eligibility for another certificate.

REPORTING ENTITY AND ITS SERVICES
This Annual Comprehensive Financial Report includes all funds of the City. The City directly provides a limited range of services and contracts for several other services. The City's significant reliance on contracted services has the benefit of reducing expenses to the citizens of the City of Diamond Bar while simultaneously providing the City with a high degree of flexibility in responding to changing economic conditions.

Contracted services include law enforcement protection, building and safety, street maintenance, park maintenance, capital improvement projects, animal control, attorney services and engineering. Staff provided services include: community development (which includes planning, building and safety administration, and neighborhood improvement), public works (which includes engineering, capital projects administration, street maintenance contract management, traffic and transportation matters, engineering contract management, park maintenance, landscape maintenance and solid waste contract management), parks & recreation (which includes senior services, recreation services, community events and community center operation), public information, subsidized transit ticket sales, grant administration, financial management, administrative management, human resources and risk management, information systems and economic development. All of these activities are included in this report.

INTERNAL CONTROLS
The City of Diamond Bar’s accounting system has been developed by giving consideration to the adequacy of internal accounting controls. Internal accounting controls are implemented by the City to provide reasonable assurance that assets are safeguarded against loss from unauthorized use or disposition; and that the City’s financial records used for preparing financial statements are maintained in a reliable fashion.

The concept of reasonable assurance recognizes that the cost of these controls should not exceed the benefits derived from them. The City’s internal controls accomplish these objectives.

ACKNOWLEDGEMENTS
The preparation of this Annual Comprehensive Financial Report was made possible by the dedicated service and excellence found within the City's Finance Department staff, and through the cooperation of the entire City staff. Each City staff member has my sincere appreciation for their cooperation and contributions in the preparation of this Report.

I would like to thank Jason Jacobsen, Finance Director, for his prudent fiscal stewardship. In addition, I would also like to thank our independent auditor, LSL, LLP, who provided expertise and advice in the preparation of the City's Annual Comprehensive Financial Report.

In closing, without the leadership and support of the City Council of the City of Diamond Bar, the preparation of this Report would not have been possible.

Sincerely,
Daniel Fox
City Manager
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Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Diamond Bar
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2024
Executive Director/CEO
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Diamond Bar Residents
City Council
City Attorney City Manager City
Commissions
Information
Systems
Human
Resources &
Risk
Management
Finance
Public Safety
Community
Relations City Clerk
Community
Development Public Works Parks &
Recreation
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OFFICIALS OF THE CITY OF DIAMOND BAR
As of December 2, 2025
City Council
Steve Tye, Mayor
Ruth M. Low, Mayor Pro Tem
Andrew Chou, Council Member
Stan Liu, Council Member
Chia Yu Teng, Council Member
Administration and Department Heads
City Manager Dan Fox
Assistant City Manager Ryan McLean
City Clerk Kristina Santana

Director of:

Community Development Greg Gubman
Finance Jason Jacobsen
Information Systems Ken Desforges
Parks & Recreation Ryan Wright
Public Works David Liu
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LSLCPAS.COM
INDEPENDENT AUDITORS’ REPORT
To the Honorable Members of the City Council
City of Diamond Bar, California
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the City of Diamond Bar, California, (hereafter, the City) as of and for the year ended June 30, 2025, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, each major fund, and the aggregate remaining fund information of the City as of June 30, 2025, and the respective changes in financial position, and, where applicable, cash flows thereof, for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Emphasis of Matter
Change in Accounting Principle
As described in Note 1 to the financial statements, in 2025, the City adopted new accounting guidance, GASB Statement No. 101, Compensated Absences. Our opinion is not modified with respect to this matter.

Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.

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To the Honorable Members of the City Council
City of Diamond Bar, California
Auditors’ Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinions.

Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with generally accepted auditing standards and Government Auditing Standards, we:
• Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is expressed. • Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. • Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.

Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, budgetary comparison information, and required pension and other post-employment benefits schedules as listed on the table of contents be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. 2

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To the Honorable Members of the City Council
City of Diamond Bar, California
Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The accompanying combining and individual fund financial statements and schedules (supplementary information) are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements.

The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the supplementary information is fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Information
Management is responsible for the other information included in the annual report. The other information comprises the introductory and statistical sections but does not include the basic financial statements and our auditors’ report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon.

In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated January 28, 2026, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering City’s internal control over financial reporting and compliance.

Irvine, California
January 28, 2026
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CITY OF DIAMOND BAR
MANAGEMENT’S DISCUSSION AND ANALYSIS
As management of the City of Diamond Bar, we offer readers this narrative overview and analysis of the financial activities of the City for the fiscal year ended June 30, 2025. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal.

FINANCIAL HIGHLIGHTS
• The total revenues from all sources totaled $47,379,769, an increase of $2.4 million, or 5.4%, from the prior year. This increase is due mainly to the City’s receipt of donated land, Stevens Field (baseball facilities), and substantive one-time State grants for capital improvements to City parks (Maple Hill Park and Pantera Park), and investment income, offset by reductions in sales tax revenues and charges for service.
• The total cost of all City programs totaled $43,377,788, an increase of $3.4 million, or 8.5%, from the prior year. This increase in costs is due mainly to rising inflation affecting general government services, public safety programs and capital projects, offset by reductions in park & recreation spending.
• The assets and deferred outflows of the City of Diamond Bar exceeded its liabilities and deferred inflows at the close of the fiscal year by $401,888,912 (net position), an increase of $2.2 million from the prior year. Of this amount, $30,636,281 represents unrestricted net position that may be used to meet the City’s ongoing obligations to citizens and creditors. • As of the close of the current fiscal year, the City of Diamond Bar’s governmental funds reported combined ending fund balances of $61,569,912, a decrease of $4.4 million in comparison with the prior year, or 6.7%. Approximately $32.5 million of the $61.6 million is unrestricted and available for spending at the City’s discretion, including amounts assigned and committed by city council action.
• At the end of the current fiscal year, the Unassigned Fund Balance of the General Fund was $23,084,596 which represents an increase of $1.4 million from the prior year amount of $21,674,550. The Unassigned Fund Balance is in addition to an $8,071,538 reserve for emergencies/contingencies as established by Council resolution and $1,128,611 committed to capital projects for parks and facilities. The increase in General Fund Unassigned Fund Balance was mainly due to transferring funds from these two reserves, in addition to unrealized gains (inclusive of amortized discounts) from the City’s investment portfolio of approximately $1.4 million.

Unrealized gains would be realized were the portfolio liquidated at current market valuations as of June 30, 2025, and fluctuate with interest rates.

OVERVIEW OF THE FINANCIAL STATEMENTS
This discussion and analysis are intended to serve as an introduction to the City of Diamond Bar’s basic financial statements. The City of Diamond Bar’s basic financial statements comprise three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to basic financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government–wide Financial Statements. The government-wide financial statements are designed to provide readers with a broad overview of the City of Diamond Bar’s finances, in a manner similar to a private-sector business. These statements include the statement of net position and the statement of activities.
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The statement of net position presents financial information on all of the City of Diamond Bar’s assets, liabilities and deferred inflows/outflows of resources with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City of Diamond Bar is improving or deteriorating.

The statement of activities presents information showing how the City’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave).

Both of the government-wide financial statements distinguish functions of the City of Diamond Bar that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the City of Diamond Bar include general government, public safety, highways and streets, community development, and parks and recreation. The City of Diamond Bar currently has no business-type activities or enterprise funds.

The government-wide financial statements include not only the City of Diamond Bar itself, but also a legally separate financing authority. Although legally separate, the Diamond Bar Public Financing Authority is included because the City is financially accountable for it.

Fund Financial Statements. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City of Diamond Bar, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the City can be divided into three categories:
governmental funds, proprietary funds and fiduciary funds.

Governmental Funds – Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the governmentwide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources available at the end of the fiscal year. Such information may be useful in assessing the near-term financing requirements necessary to finance City programs. A reconciliation to facilitate a comparison between governmental funds and governmental activities is located on page 23 of the financial statements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impacts of the City’s near-term financing decisions. The governmental funds balance sheet can be found on page 22 of the financial statements, and the governmental funds statement of revenues, expenditures, and changes in fund balances can be found on page 24 of the financial statements.

The City of Diamond Bar adopts an annual appropriated budget for its general fund. A budgetary comparison statement has been provided for the general fund to demonstrate compliance with this budget on page 61.

Proprietary Funds – The type of proprietary funds that the City maintains are internal service funds that are used to allocate costs internally among the various functions of the City. The City of Diamond Bar uses these funds to account for its liability insurance costs and vehicle, building and computer maintenance and replacement costs. Because these services predominantly benefit governmental rather than business-type functions, they have been included within governmental activities within the government-wide financial statements.
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Notes to Basic Financial Statements. The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

Other Information. In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information concerning the City’s budgetary control and accounting and expenditures in excess of appropriations.

GOVERNMENT-WIDE FINANCIAL ANALYSIS
City-wide Statement of Net Position. The Statement of Net Position is intended to measure an agency’s financial health at the end of the fiscal year. The “net position” is the net of the agency’s total assets and its total liabilities. At June 30, 2025, the City of Diamond Bar’s net position (total assets and deferred outflows, less total liabilities and deferred inflows) was $401,888,912 (see Table 1 below).

By far the largest portion of the City’s net position (86%) is its investment in capital assets in the amount of $347,121,148 (e.g., land, buildings, infrastructure, machinery, equipment, and construction in progress).

The City of Diamond Bar uses these capital assets to provide services to its citizens; consequently, these assets are not available for future spending. Although the City’s investment in its capital assets is also reported net of outstanding related debt used to acquire those assets, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. As shown in Table 1 below, the City’s net investment in capital assets is $341,243,748 which represents an increase of approximately $10.1 million from the prior year.

This increase is a result of additional investments in capital assets (net of adjustments and deletions), less depreciation expense, plus a year-over-year decrease in outstanding debt (e.g. outstanding bonds payable) used to finance the capital assets (see note 5 Capital Assets for more information).

The City’s total liabilities are $24,813,854 which is a decrease of $2.9 million due largely to decreases in accounts payable in the amount of $3.4 million offset by various smaller increases. The City’s restricted net position decreased by $1.9 million from last year. This is mostly attributable to the expenditure of monies restricted for highways and streets accounted for in the City’s special revenue funds. These funds are accumulated to fund large capital projects and, once appropriated, can take several years to fully expend.
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Table 1

CITY OF DIAMOND BAR
Statement of Net Position
The unrestricted portion of the total net position represents those funds the City can use at its sole discretion. This portion is often looked at when evaluating a city’s financial health. The unrestricted net position decreased by $6.0 million due mainly to the utilization of accumulated reserves for investment in capital projects related to parks and facilities, as well as investments made for computer hardware and software. For context, the unrestricted reserve increased by $2.8 million the prior year.

Governmental Activities and Changes in Net Position. Although the Statement of Net Position discussed above is an important measure of financial health, it is only at a specific point in time. A more useful measure is how the City’s financial position is changing over time. Table 2 below present a summary of the City’s change in net position from the prior year, and the specific revenue and expenditure activities that caused the change.
2025 2024
Current and other assets $ 79,028,015 $ 85,269,535
Capital assets 347,121,148 340,729,351
Total Assets 426,149,163 425,998,886
Deferred Outflows 3,316,289 4,193,212
Current liabilities 8,644,886 10,968,947
Noncurrent liabilities 16,168,968 16,723,771
Total Liabilities 24,813,854 27,692,718
Deferred Inflows 2,762,686 2,790,892
Net Position:

Net investment in capital assets 341,243,748 331,125,815 Restricted 30,008,883 31,951,118
Unrestricted 30,636,281 36,631,555
Total Net Position $ 401,888,912 $ 399,708,488
Governmental Activities
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Table 2

CITY OF DIAMOND BAR
Changes in Net Position
Overall, the City ended the year with a $2.2 million increase to its net position, compared to an increase of $5.0 million the prior year. Many of the reasons leading to these results have already been discussed, but some of the more notable factors are discussed below.
2025 2024
Revenues:

Program Revenues:

Charges for services $ 7,978,867 $ 8,138,692
Operating grants and contributions 7,464,489 7,570,259
Capital grants and contributions 1,343,630 96,569
General Revenues:

Property taxes 14,183,765 13,963,044
Transient occupancy taxes 1,508,775 1,499,045
Sales taxes 6,122,363 6,467,915
Franchise fees 1,533,521 1,628,505
Other taxes 1,605,277 1,620,453
Motor vehicle in lieu 86,648 67,901
Use of money & property 4,538,053 3,880,104
Other 1,014,381 22,131
Total Revenues 47,379,769 44,954,618
Expenses
General government 9,485,437 8,332,738
Public safety 9,285,498 8,783,229
Community development 4,169,755 3,830,323
Parks & recreation 3,695,039 4,258,559
Public works 16,617,796 14,661,974
Interest and fiscal charges 124,263 126,654
Total Expenses 43,377,788 39,993,477
Increase (Decrease) in net position 4,001,981 4,961,141 Net position - beginning 399,708,488 394,747,347
Restatement Adjustments (1,821,557)
Net Position - ending $ 401,888,912 $ 399,708,488
Governmental Activities
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Governmental Revenues. As show in Table 2 above, total
revenues for all governmental activities were $47,379,769. This is approximately $2.4 million, or 5.4%, higher than the prior year.

Revenues were supported by a significant increase of $1.2 million in capital grants and contributions due to large state grants utilized for capital projects, plus approximately $1.0 million in land donations (Stevens Field) and an increases in investment earnings in the amount of $400 thousand. These increases were offset by a notable decrease in sales taxes in the amount of $345 thousand.

As mentioned, revenues from the use of money & property demonstrated some improvement, ending the year with $4.5 million. Total revenue from the use of money and property reflects one-time increase from cell tower lease revenues, plus total investment earnings of $2.9 million. In addition, non-cash adjustments were made for unrealized gains (inclusive of discount amortizations) in the amount of $1.4 million.

Unrealized gains would only be realized were the portfolio liquidated at current market valuations as of June 30, 2025, and fluctuate with interest rates.

Fiscal
Year Amount Growth
2020 5,252,375 5.7%
2021 5,106,920 -2.8%
2022 6,127,592 20.0%
2023 6,598,953 7.7%
2024 6,467,915 -2.0%
2025 6,122,363 -5.3%
Sales Tax Revenues
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Governmental Expenses
The FY 2024/25 budget was developed with the intention of holding steady programs and services across the organization with continued investment in city infrastructure, programming and personnel. As such, the adopted budget and actual expenditures were higher in FY 2024/25 than in FY 2023/24. Specifically, the adopted FY 2024/25 General Fund operating budget totaled $32.9 million compared to the FY 2023/24 revised budget of $31.9 million (excluding sub-funds). The adopted government-wide budget (exclusive of transfers) for FY 2024/25 totaled $53.3 million, while the FY 2023/24 budget was $49.2 million, reflecting increased investment in public works programs ($1.0 million), computer infrastructure ($600 thousand) and general government services ($325 thousand).

In addition to expanding programs and services, the City also increased appropriations to its Adopted FY 2024/25 Capital Improvement Program by $2.0 million for improvements to street infrastructure as well as to advance deferred maintenance for stormwater infrastructure and parks. The FY 2024/25 Revised Capital Improvement Program totaled $27.8 million (inclusive of carryovers from the prior year), while the FY 2023/24 Revised Capital Improvement Program totaled $22.6 million (inclusive of carryovers from the prior year). While not all of the budget is expended within each year of appropriation, and much of the funding comes from restricted revenues and grants, the growth nonetheless helps explain the increases in Property Taxes
$14,183,765

29.9%
Transient occupancy taxes
$1,508,775

3.2%
Sales Taxes
$6,122,363

12.9%
Franchise Fees
$1,533,521

3.2%
Other taxes
$1,605,277
Motor vehicle in lieu 3.4%
$86,648

0.2%
Use of money &
property
$4,538,053

9.6%
Charges for services
$7,978,867

16.8%
Operating cont. &
grants
$7,464,489

15.8%
Captial grants & contr.
$1,343,630

2.8%
Other
$1,014,381

2.1%
City of Diamond Bar Governmental Activities
Revenues by Source
(% of Total Revenues)
$47.4 million
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the overall spending that occurred generally throughout all categories, most notably public works expenditures which totaled $16.6 million as compared to $14.7 million the prior year (see Table 2 above).

This increase was mainly due to the exchange of restricted Proposition A revenues ($1.3 million) for unrestricted General Fund revenues ($1.0 million) subsequently dedicated to city parks. In addition, general government expenses increased by $1.2 million due to increases to contract services, increased investment in computer infrastructure (previously mentioned), and normal cost of living adjustments along with natural salary grade progressions for city employees. In addition, public safety expenses increased $502 thousand due to contract adjustments with the Los Angeles Sheriff’s Department. These increases were offset by a reduction of $564 thousand in parks and recreation expenses mainly due to the elimination of the capital expense related to the capitalization/acquisition of the Stevens Field property in the amount of $925 thousand.

City Reserves
In 2011 the City Council adopted Resolution No. 2011-26 establishing policies related to fund balance and reserves. These policies were amended in August of 2019 with the adoption of Resolution No. 2019-36. In general, reserves are intended to serve a variety of goals and purposes. One of the key reserves set forth in the City’s reserve policies is for emergencies, such as natural disasters (earthquakes, flooding, wildfires, etc.), or unexpected events and circumstances that impact the City’s finances. The recent global pandemic is an excellent example of this. Another purpose of reserves is to set aside funds for the replacement of equipment, vehicles, facilities, and other capital needs. The accumulation of such funds over time minimizes the financial burden and impacts of funding these types of capital items, which often are very expensive, in a single year.
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The degree to which a city has set aside reserves for the purposes noted above is an important measure of a city’s financial health. To that end, the City’s reserve policies establish the following reserves:

1. Contingency Reserve – No less than 25% of the adopted budget General Fund expenditures to provide for economic uncertainties, local emergencies or disasters, and other financial hardships or downturns in the local economy, including unforeseen operating or capital needs and cash flow requirements.

2. Other Post-Employment Benefit (OPEB) Reserve Fund – To cover the projected cost of future retiree benefits, the City will maintain a reserve so that the combined amount of the reserve and funds held in an OPEB trust are no less than 80% of the total OPEB liability based on the most recent actuarial valuation.

3. Building Facility and Maintenance Fund – The City will make annual contributions to this fund from the General Fund of no less than $100,000 to provide for the future replacement of systems and equipment at City Hall, the Diamond Bar Center, and other City buildings and facilities. In addition, the City will transfer 40% of the General Fund year-end surplus after funding the other reserves described in this section.

4. Vehicle Maintenance and Replacement Fund – To provide funding for the timely replacement of vehicles and related equipment with an individual cost of $10,000 or more, the City will annually make a contribution from its General Fund to the Vehicle Maintenance and Replacement Fund equal to its estimated operating costs plus depreciation net of any interest earnings and proceeds from the sale of assets.

5. Technology Reserve Fund – The City will maintain a technology reserve fund to accumulate funds for the replacement of essential technology systems and equipment. The annual contribution from the General Fund will be no less than $100,000.

6. Park Development Fund – This fund provides for the development and enhancement of the City’s parks and facilities. The City will transfer 40% of the General Fund year-end surplus after funding the other reserves described in this section.

The aforementioned reserves with amounts are listed below in Table 3 along with other highlighted reserves.

See note 11 Classification of Fund Balance for more information. 13

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Table 3

CITY OF DIAMOND BAR
Changes in Key Reserves
Total key reserves, as shown in Table 3 above, decreased in marginally by $73,460 (or 0.7%) to a total of $41,293,349. The General Fund Unassigned Reserve increased $1.3 million due mainly to shifting reserve balances from the Capital Improvement Projects and the Contingency Reserve. The change in the General Fund reserves are discussed further on the next page. The Technology and General Plan Update Reserves decreased $652 thousand in aggregate due to ongoing projects, namely the upgrade of the City’s Land Management System and the development of the Downtown Specific Plan.

It is important to note that other funds listed here as key reserves (e.g. Park Development Fund, Building Maintenance & Replacement Fund) ultimately derive their resources from the General Fund, either from the allocation of year-end surpluses or annual contributions pursuant to the reserve policies summarized earlier, or through other allocations approved by City Council.

FUND FINANCIAL ANALYSIS
As noted earlier the City of Diamond Bar uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. These are presented starting on page 22 of the financial statements.

Governmental funds - The focus of the City of Diamond Bar’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of a city’s net resources available for spending at the end of the fiscal year. 2025 2024 Change
General Fund
Committed Reserves
Contingency Reserve $ 8,071,538 $ 8,217,405 $ (145,867) Assigned Reserves
Community organization support 2,062 2,062
OPEB Reserve 259,359 313,523 (54,164)
Technology Reserve 172,255 695,389 (523,134)
Capital Improvement Projects 1,128,611 2,072,420 (943,809) Tres Hermanos Conservancy Reserve 6,923 6,910 13
General Plan Update Reserve 325,212 453,782 (128,570)
Law Enforcement Reserve 1,323,656 1,066,070 257,586
Unassigned Reserve (Restated 2024) 23,084,596 21,802,876 1,281,720 Total General Fund 34,374,212 34,630,437 (256,225)
Park Development Fund
Unrestricted Reserve 2,594,022 2,535,198 58,824
Vehicle Maintenance & Replacement Fund
Unrestricted Reserve 558,986 381,674 177,312
Building Maintenance & Replacement Fund
Unrestricted Reserve 2,346,104 2,278,047 68,057
Computer Equipment Replacement Fund
Unrestricted Reserve 1,420,025 1,541,453 (121,428)
Grand Totals $ 41,293,349 $ 41,366,809 $ (73,460)
Fiscal Year Ended June 30,
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At June 30, 2025, the City of Diamond Bar’s governmental funds reported combined ending fund balances of $61,569,912, a decrease of $4.4 million in comparison with the prior year. Of this amount, $21,167,195 or 34.4%, constitutes unassigned fund balances which are available for spending at the government’s discretion. The remainder of the fund balances are either restricted for particular purposes, committed to contingencies per City policy ($8,071,538), or assigned to a specific purpose. The balance sheet for governmental funds is presented on page 22 of the financial statements.

The General Fund, which is included as a governmental fund, is the main operating fund of the City. It is where most traditional services associated with local government, including public safety, recreation, development services, economic development, and public works. The services are funded primarily from unrestricted tax revenues, such as taxes and charges for services. At the end of the 2024/25 fiscal year, the General Fund total fund balance decreased by $254 thousand (including sub-funds) to $34.4 million.

The adverse factors leading to this decrease can be explained by a slight decrease in General Fund revenues of $522 thousand as well as transfers-in of $513 thousand, plus an increase in expenditures of $1.9 million. These were offset by a favorable decrease in transfers-out (used to fund capital projects, information systems infrastructure and reserve funding) in the amount of $2.7 million (see Statement of Revenues, Expenditures, and Changes in Fund Balances on page 24 for more information). A budget-toactuals comparison for the General Fund is available within the Required Supplementary Information found on page 61.

As a measure of the General Fund’s liquidity, it may be useful to compare both Unassigned Reserve balance and total fund balance to total fund expenditures. Unassigned fund balance of $23.1 million represents 71% of total General Fund expenditures, including transfers-out, an increase from the prior year ratio of 65%, and the total fund balance of $34.4 million represents 105% of total General Fund expenditures, and increase from the prior year amount of 106%.

The Traffic Improvement Fund is used to account for funds which have been received from development projects and designated by the City Council for traffic mitigation projects. Total revenues for FY 2024/25 were $486 thousand and there were no expenditures. As a result, the ending fund balance for the Traffic Improvement Fund increased by $486 thousand.

The Capital Improvement Fund (CIP Fund) is used to account for major capital projects included in the City’s annual Capital Improvement Program. Historically, the City has used the CIP Fund as a centralized cost center for all capital projects, with resources transferred in from the General Fund and various special revenue funds to support project expenditures.

Beginning in FY 2024/25, the City revised this approach to simplify CIP accounting and improve transparency. Under the new structure, only capital projects funded by one-time grants and the General Fund are accounted for in the CIP Fund. Capital projects funded by other dedicated revenue sources are now recorded directly within their respective funds.

Total expenditures for FY 2024/25 were $12.8 million, an increase from the prior year amount of $8.2 million.

Total revenues and transfers-in were $11.4 million, an increase from the prior year amount of $8.2 million.

As a result, the ending fund balance for the Capital Improvement fund decreased by $1.4 million which will be offset in future years as grants are reimbursed.

CAPITAL ASSET AND DEBT ADMINISTRATION
Capital assets - The City of Diamond Bar’s investment in capital assets for its governmental activities as of June 30, 2025 amounts to $347,121,148 (net of accumulated depreciation). This investment in capital assets includes land, right of way, buildings and improvements, furniture and fixtures, vehicles and equipment, infrastructure and construction in progress. 15

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Table 4

CITY OF DIAMOND BAR
Capital Assets (net of depreciation)
The City’s capital assets increased in value by $6.4 million during the fiscal year. This increase was mainly due to $4.2 million in new infrastructure assets, $1.3 million in new building improvements and $925 thousand in new land donated to the City (Stevens Field).

Construction in progress at the end of the year included projects in various stages of design or construction.

Virtually all of the $5.2 million of construction in progress relates to streets improvement projects, including both residential and arterial roadways.

See note 5 Capital Assets for more information.

Long-term debt – At the end of the current fiscal year, the City of Diamond Bar’s total long-term debt totaled $7,062,252, which includes outstanding bonds payable and accrued compensated absences as shown in Table 5 below.

Table 5

CITY OF DIAMOND BAR
Outstanding Long-Term Debt
At June 30, 2025
In June 2021 the City issued the 2021 Lease Revenue Refunding Bonds to refinance the 2002 Lease Revenue Bonds. The 2002 bonds were originally issued to finance the construction of a community/senior center (the Diamond Bar Center) and other public improvements. The refunding, which capitalizes on historically low interest rates, will result in a savings of $1,736,355 over the remaining life of the bonds. 2025 2024
Land 7,294,823 $ $ 6,369,509
Right of way 265,614,104 265,614,104
Intangible assets 539,817 616,933
Buildings and improvements 8,397,606 7,050,526
Vehicles & equipment 844,276 784,733
Infrastructure 59,278,093 55,107,646
Constuction in progress 5,152,429 5,185,900
Totals $ 347,121,148 $ 340,729,351
Fiscal Year Ended June 30,
Fixed Rate 2021 Lease Revenue Refunding Bonds
Bonds Payable (backed by the Public Financing Authority) $ 5,689,395 Compensated Absences 1,372,857
Total $ 7,062,252
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In addition to the bonds, City of Diamond Bar employees have accrued leave time (sick and vacation) totaling $1,372,857 as of June 30, 2025. This liability is primarily paid out as time off or the use of sick time and to this extent does not result in an increase in costs.

See note 6 Long-Term Liabilities for more information on long-term debt.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGET AND RATES
Compared to FY 2024/25, the Adopted FY 2025/26 Budget Operating Budget reflects a more challenging fiscal environment, characterized by a structural deficit and a weakening economic outlook. While the budget maintains funding for essential City programs and services, and includes limited investments in maintenance and capital improvements, the City must adopt a measured approach to long-term planning and financial commitments. Management remains cautious and conservative this budget cycle, recognizing ongoing pressures from escalating contract costs, rising labor, material and operating expenses, higher energy and fuel prices, and broader economic uncertainty portend a bumpy road ahead for the City, and possibly a wider economic slowdown for the State and broader economy.

Whereas the FY 2024/25 Adopted Budget contained a modest budgeted operating deficit of $145 thousand, primarily attributed to the use of one-time reserves for one-time costs, the Adopted FY 2025/26 Budget projects a General Fund surplus of $49 thousand. Notably, this surplus is largely dependent on a one-time 37% reduction in Transfers Out, highlighting a recurring structural imbalance that, if left unresolved, will result in continued structural deficits.

A structural deficit occurs when a municipality’s ongoing (recurring) revenues are insufficient to fund its ongoing expenditures under normal (status quo) economic conditions. Unlike one-time or cyclical shortfalls, structural deficits require deliberate policy actions, such as revenue enhancements, expenditure adjustments, or service delivery reforms, to eliminate the underlying gap.

In response, management has taken a proactive approach by updating the City’s ten-year financial forecast, implementing additional revenue initiatives (including comprehensive user-fee updates), and planning additional community budget workshops with the City Council to evaluate and implement corrective strategies. Importantly, the FY 2025-26 Adopted Budget implements the various objectives and priorities of the City Council guided by the adopted FY 2024-2027 Strategic Plan.

Looking ahead, the Federal Reserve is anticipated to continue interest-rate reductions into 2026, which may help support consumer spending and economic growth. These conditions could stabilize the softening sales-tax revenues projected for FY 2025/26 and enhance returns on the City’s investment portfolio.

The proactive actions taken by management, combined with prudent fiscal policies and disciplined financial planning, position the City to strengthen its financial condition over the long term. As a result, the City continues to serve as a beacon of economic strength within the region. Management believes the accompanying financial statements reflect this commitment to sound stewardship and the continued well-being and prosperity of the Diamond Bar community.

CONTACTING THE CITY’S FINANCIAL MANAGEMENT TEAM
This financial report is designed to provide our residents, taxpayers, customers, and creditors with a general overview of the City of Diamond Bar’s finances and to show the City’s accountability for the money it receives. If you have questions about this report or need additional financial information, contact the City’s Finance Department, at the City of Diamond Bar, 21810 Copley Drive, Diamond Bar, California 91765. 17

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CITY OF DIAMOND BAR, CALIFORNIA
Statement of Net Position
Governmental
Activities
ASSETS
Cash and investments $ 71,232,721
Receivables:

Accounts 2,373,092
Taxes 157,752
Accrued interest 423,882
Due from other governments 1,158,549
Notes and loans 607,416
Leases 2,463,045
Restricted assets:

Cash with fiscal agent 1,466
Prepaid costs 610,092
Capital assets (not being depreciated/amortized) 278,061,356 Capital assets (net of accumulated depreciation/amortization) 69,059,792 Total assets 426,149,163

DEFERRED OUTFLOWS OF RESOURCES
Pension-related 3,194,736
OPEB-related 121,553
Total deferred outflows of resources 3,316,289

LIABILITIES
Accounts payable 3,790,985
Due to other governments 607,416
Accrued liabilities 693,251
Retainage payable 171,905
Accrued interest 16,100
Deposits payable 2,542,417
Unearned revenue 822,812
Noncurrent liabilities:

Due within one year:

Compensated absences 350,000
Bonds payable 530,000
Due in more than one year:

Net pension liability 8,708,162
Net OPEB liability 398,554
Compensated absences 1,022,857
Bonds payable 5,159,395
Total liabilities 24,813,854

DEFERRED INFLOWS OF RESOURCES
Pension-related 150,427
OPEB-related 300,953
Lease-related 2,311,306
Total deferred inflows of resources 2,762,686

NET POSITION
Net investment in capital assets 341,243,748
Restricted:

Community development projects 6,819,247
Public safety 479,491
Public works 20,192,771
Capital projects 2,517,374
Unrestricted 30,636,281
Total net position $ 401,888,912
June 30, 2025
See Notes to Financial Statements.
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CITY OF DIAMOND BAR, CALIFORNIA
Statement of Activities
For the Year Ended June 30, 2025
Net (Expenses)
Revenues and
Changes in Net
Position
Operating Capital
Charges for Contributions Contributions Governmental
Expenses Services and Grants and Grants Activities
Functions/Programs:

Primary government:

Governmental activities:

General government $ 9,485,437 $ 177,033 $ 151,590 $ - $ (9,156,814) Public safety 9,285,498 356,821 194,663 - (8,734,014)
Community development 4,169,755 2,928,905 437,319 688,013 (115,518) Parks & recreation 3,695,039 1,464,799 1,000,000 440,709 (789,531) Public works 16,617,796 3,051,309 5,680,917 214,908 (7,670,662) Interest on long-term debt 124,263 - - - (124,263)
Total governmental activities $ 43,377,788 $ 7,978,867 $ 7,464,489 $ 1,343,630 (26,590,802) General revenues:

General revenues:

Property taxes 14,183,765
Sales taxes 6,122,363
Transient occupancy taxes 1,508,775
Franchise taxes 1,533,521
Other taxes 1,605,277
Motor vehicle in lieu - unrestricted 86,648
Use of money and property 4,538,053
Other 1,014,381
Total general revenues 30,592,783
Change in net position 4,001,981
Net position-beginning 399,708,488
Restatement-correction of error (1,577,735)
Restatement-change in accounting principle (243,822)
Net position-beginning, as restated 397,886,931
Net position-ending $ 401,888,912
Program Revenues
See Notes to Financial Statements.
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CITY OF DIAMOND BAR, CALIFORNIA
Balance Sheet
Governmental Funds
June 30, 2025
Special
Revenue Funds
Capital Projects
Funds
Total Total
Nonmajor Governmental
General Funds Funds
ASSETS
Pooled cash and investments $ 37,243,151 $ 8,791,949 $ 13,700 $ 20,187,694 $ 66,236,494 Receivables:

Accounts 1,539,248 - - 833,844 2,373,092
Taxes - - - 157,752 157,752
Accrued interest 423,882 - - - 423,882
Notes and loans - - - 607,416 607,416
Lease receivables 2,463,045 - - - 2,463,045
Due from other governments - - 1,130,203 - 1,130,203
Prepaid costs 49,308 - - - 49,308
Due from other funds 1,366,281 - - - 1,366,281
Restricted assets:

Cash and investments with fiscal agents - - - 1,466 1,466 Total assets $ 43,084,915 $ 8,791,949 $ 1,143,903 $ 21,788,172 $ 74,808,939

LIABILITIES
Accounts payable $ 2,477,934 $ - $ 383,068 $ 725,964 $ 3,586,966 Accrued liabilities 623,222 - - 70,029 693,251
Retainage payable 2,591 - 156,928 7,916 167,435
Unearned revenues 742,293 - - 80,519 822,812
Deposits payable 2,542,417 - - - 2,542,417
Due to other governments - - - 607,416 607,416
Due to other funds - - 1,248,214 118,067 1,366,281
Total liabilities 6,388,457 - 1,788,210 1,609,911 9,786,578

DEFERRED INFLOWS OF RESOURCES
Deferred inflows lease related 2,311,306 - - - 2,311,306 Unavailable revenues 10,940 - 1,130,203 - 1,141,143
Total deferred inflows of resources 2,322,246 - 1,130,203 - 3,452,449

FUND BALANCES (DEFICITS)
Restricted for:

Community development projects - - - 6,138,386 6,138,386 Public safety - - - 479,491 479,491
Highways and streets - 8,791,949 - 11,185,901 19,977,850 Capital Projects - - - 2,517,374 2,517,374
Committed to:

Emergency contingencies 8,071,538 - - - 8,071,538
Assigned to:

Other Post Employment Benefits (OPEB) 259,359 - - - 259,359 Technology Reserve 172,255 - - - 172,255
Capital Improvement Projects 1,128,611 - - - 1,128,611
Tres Hermanos Conservancy 6,923 - - - 6,923
General Plan Update 325,212 - - - 325,212
Community Organization Report 2,062 - - - 2,062
Law Enforcement Reserve 1,323,656 - - - 1,323,656
Unassigned 23,084,596 - (1,774,510) (142,891) 21,167,195 Total fund balances (deficits) 34,374,212 8,791,949 (1,774,510) 20,178,261 61,569,912 Total liabilities, deferred inflows of resources,
and fund balances (deficits) $ 43,084,915 $ 8,791,949 $ 1,143,903 $ 21,788,172 $ 74,808,939 Traffic
Improvement
Capital
Improvement
See Notes to Financial Statements.
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Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position
June 30, 2025
Amounts reported for governmental activities in the Statement of Net Position are different because:

Total fund balances - governmental funds $ 61,569,912
345,334,169
Deferred outflows-pension related $ 3,194,736
Deferred outflows-OPEB related 121,553
Deferred inflows-pension related (150,427)
Deferred inflows-OPEB related (300,953)
Total deferred outflows and inflows related to postemployment benefits 2,864,909 Long-term receivables 1,141,143
Total other long-term assets 1,141,143
7,163,847
Bonds payable (4,830,000)
Compensated absences (1,372,857)
Accrued interest payable on long-term debt (16,100)
Net pension liability (8,708,162)
Net OPEB liability (398,554)
Total long-term liabilities (15,325,673)
Bond premiums (859,395)
Total premiums (859,395)
Net position of governmental activities $ 401,888,912
Long-term liabilities that are not due and payable in the current period, and therefore, are not reported in the funds.

Governmental funds report the effect of premiums when debt is first issued, whereas, these amounts are deferred and amortized in the Statement of Activities.

CITY OF DIAMOND BAR, CALIFORNIA
Capital assets, net of accumulated depreciation/amortization, used in governmental activities are not financial resources and, therefore, are not reported in the funds.

Differences between expected and actual experiences, assumption changes and net differences between projected and actual earnings, and contributions subsequent to the measurement date for the postretirement benefits (pension and OPEB) are recognized as deferred outflows of resources and deferred inflows of resources on the Statement of Net Position.

Other long-term assets that are not available to pay for current period expenditures and, therefore, are either labeled unavailable or not reported in the funds.

Internal service funds provide services to other funds on a cost-reimbursement basis. The assets, deferred outflows of resources, liabilities, and deferred inflows of resources of the internal service funds are included in governmental activities in the Statement of Activities.

See Notes to Financial Statements.
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CITY OF DIAMOND BAR, CALIFORNIA
Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
For the Year Ended June 30, 2025
Special
Revenue
Funds
Capital
Projects
Funds
Total Total
Nonmajor Governmental
General Funds Funds

REVENUES
Taxes $ 15,795,706 $ - $ - $ 1,329,249 $ 17,124,955
Licenses and permits 1,222,775 - - 130,636 1,353,411
Intergovernmental 8,079,884 - - 10,263,343 18,343,227
Charges for services 2,602,549 - - 965,642 3,568,191
Use of money and property 2,530,420 485,749 41,171 1,210,045 4,267,385 Fines and forfeitures 356,821 - - - 356,821
Miscellaneous 38,837 - - 975,544 1,014,381
Total revenues 30,626,992 485,749 41,171 14,874,459 46,028,371

EXPENDITURES
Current:

General government 7,983,241 - - 60,660 8,043,901
Public safety 9,129,361 - - 4,800 9,134,161
Community development 3,171,594 - - 1,014,735 4,186,329 Parks and recreation 2,437,812 - - 62,245 2,500,057
Public works 5,897,928 - - 4,449,305 10,347,233
Capital outlay - - 12,759,824 1,091,883 13,851,707
Debt service:

Principal retirement - - - 505,000 505,000
Interest and fiscal charges - - - 232,500 232,500
Total expenditures 28,619,936 - 12,759,824 7,421,128 48,800,888 Excess (deficiency) of revenues
over (under) expenditures 2,007,056 485,749 (12,718,653) 7,453,331 (2,772,517)

OTHER FINANCING SOURCES (USES)
Transfers in 1,448,849 - 11,359,263 823,927 13,632,039
Transfers out (3,710,068) - - (11,673,751) (15,383,819) Total other financing sources (uses) (2,261,219) - 11,359,263 (10,849,824) (1,751,780) Net change in fund balances (254,163) 485,749 (1,359,390) (3,396,493) (4,524,297) Fund balances (deficit)-beginning 34,500,049 8,306,200 (415,120) 23,574,754 65,965,883 Restatements-correction of error 128,326 - - - 128,326
Fund balances (deficit)-beginning, as restated 34,628,375 8,306,200 (415,120) 23,574,754 66,094,209 Fund balances (deficit)-ending $ 34,374,212 $ 8,791,949 $ (1,774,510) $ 20,178,261 $ 61,569,912 Traffic
Improvement
Capital
Improvement
See Notes to Financial Statements.
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Reconciliation of the Statement of Revenues, Expenses and Changes in Fund Balances of Governmental Funds to the Statement of Activities For the Year Ended June 30, 2025
Amounts reported for governmental activities in the Statement of Activities are different because:

Net change in fund balances - total governmental funds: $ (4,524,297) Capital outlay $ 13,122,833
Depreciation/amortization expense (7,069,869)
Total adjustment 6,052,964
Earned but unavailable grant revenues 1,080,730
Total adjustment 1,080,730
Donations of capital assets 925,314
Loss/(gain) on disposal of capital assets (60,677)
Total adjustment 864,637
Amortization of bond premiums and discounts 107,425
Principal payments 505,000
Total adjustment 612,425
609,813
Accrued interest on long-term debt 812
Compensated absences (83,714)
Changes in pension liabilities and related deferred outflows and inflows of resources (627,035) Changes in OPEB liabilities and related deferred outflows and inflows of resources 15,646 Total adjustment (694,291)
Change in net position of governmental activities $ 4,001,981 Internal service funds provide services to other funds on a cost-reimbursement basis. The net revenue of certain activities of internal service funds is reported with governmental activities.

Some expenses reported in the Statement of Activities do not require the use of current financial resources and, therefore, are not reported as expenditures in the governmental funds.

CITY OF DIAMOND BAR, CALIFORNIA
Governmental funds report capital outlays are expenditures. However, in the Statement of Activities, the cost of these assets is allocated over their estimated useful lives and reported as depreciation/amortization expense. This is the amount by which capital outlays exceeded depreciation/amortization expense in the current period.

Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds.

The net effect of various miscellaneous transactions involving capital assets (i.e., sales, tradeins, and donations) is to increase/(decrease) net position.

Bond and other debt proceeds provide current financial resources to governmental funds, but issuing debt increases long-term liabilities in the Statement of Net Position. Repayment of bond and other debt principal is an expenditure in the governmental funds, but repayment reduces long-term liabilities in the Statement of Net Position. Also, governmental funds report the effect of premiums, discounts, and similar items when debt is first issued, whereas these amounts are deferred and amortized in the Statement of Activities.

See Notes to Financial Statements.
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CITY OF DIAMOND BAR, CALIFORNIA
Statement of Net Position
Proprietary Funds
June 30, 2025
Governmental
Activities
Internal
Service Funds
ASSETS
Current:

Pooled cash and investments $ 4,996,227
Due from other governments 28,346
Prepaid costs 560,784
Total current assets 5,585,357
Noncurrent:

Capital assets, net 1,786,979
Total noncurrent assets 1,786,979
Total assets 7,372,336

LIABILITIES
Current liabilities:

Accounts payable 204,019
Retainage payable 4,470
Total current liabilities 208,489
Total liabilities 208,489

NET POSITION
Net investment in capital assets 1,782,509
Unrestricted 5,381,338
Total net position $ 7,163,847
See Notes to Financial Statements.
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CITY OF DIAMOND BAR, CALIFORNIA
Statement of Revenues, Expenses and Changes in Net Position Proprietary Funds
For the Year Ended June 30, 2025
Governmental
Activities
Internal
Service Funds

OPERATING EXPENSES
Insurance premiums $ 534,118
Equipment repair and maintenance 706,905
Depreciation/amortization expense 171,612
Total operating expenses 1,412,635
Operating income (loss) (1,412,635)

NONOPERATING REVENUES (EXPENSES)
Interest revenue 270,668
Total nonoperating revenues (expenses) 270,668
Income (loss) before transfers (1,141,967)
Transfer in 1,751,780
Change in net position 609,813
Net position-beginning 6,554,034
Net position-ending $ 7,163,847
See Notes to Financial Statements.
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CITY OF DIAMOND BAR, CALIFORNIA
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2025
Governmental
Activities
Internal
Service Funds

CASH FLOWS FROM OPERATING ACTIVITIES
Payments to suppliers and service providers $ (1,727,222) Net cash provided by (used for)
operating activities (1,727,222)

CASH FLOWS FROM NONCAPITAL

FINANCING ACTIVITIES
Transfers from other funds 1,751,780
Net cash provided by (used for)
noncapital financing activities 1,751,780

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES
Capital contributions 20,000
Acquisition and construction of capital assets (578,243) Net cash provided by (used for)
capital and related financing activities (558,243)

CASH FLOWS FROM INVESTING ACTIVITIES
Interest on investments 270,668
Net cash provided by (used for)
investing activities 270,668
Net increase (decrease) in
cash and cash equivalents (263,017)
Cash and cash equivalents-beginning 5,259,244
Cash and cash equivalents-ending $ 4,996,227
See Notes to Financial Statements.
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CITY OF DIAMOND BAR, CALIFORNIA
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2025
Governmental
Activities
Internal
Service Funds

RECONCILIATION OF OPERATING INCOME (LOSS)

TO NET CASH PROVIDED BY (USED FOR)

OPERATING ACTIVITIES
Operating income (loss) $ (1,412,635)
Adjustments to reconcile operating income (loss) to
net cash provided by (used for) operating activities:

Depreciation/amortization expense 171,612
(Increase) decrease in prepaid items (560,784)
Increase (decrease) in accounts payable 74,585
Total adjustments (314,587)
Net cash provided by (used for)
operating activities $ (1,727,222)

SCHEDULE OF NON-CASH NONCAPITAL, CAPITAL,

AND INVESTING ACTIVITIES
Unrealized gain/(loss) on fair value of investments $ (90,071) Increase in retainage payable (2,475)
See Notes to Financial Statements.
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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES A. Description of Reporting Entity
The City of Diamond Bar (the City) was incorporated April 18, 1989, as a "General Law” City governed by an elected five-member city council. As required by accounting principles generally accepted in the United States of America, these financial statements present the City of Diamond Bar (the primary government) and its component units. The component units discussed below are included in the City's reporting entity because of the significance of their operational or financial relationship with the City. These entities are legally separate from each other. However, the City of Diamond Bar's elected officials have a continuing full or partial accountability for fiscal matters of the other entities. The financial reporting entity consists of: (1) the City (2) organizations for which the City is financially accountable; and, (3) organizations for which the nature and significance of their relationship with the City are such that exclusion would cause the City's financial statements to be misleading or incomplete.

An organization is fiscally dependent on the primary government if it is unable to adopt its budget, levy taxes or set rates or charges, or issue bonded debt without approval by the primary government. In a blended presentation, a component unit’s balances and transactions are reported in a manner similar to the balances and transactions of the City. Component units are presented on a blended basis when the component unit’s governing body is substantially the same as the City's or when the component unit provides services almost entirely to the City.

Blended Component Units
The Diamond Bar Public Financing Authority (the Authority) was formed on November 19, 2002. The purpose of the Authority is to issue debt to finance public improvements and other capital purchases for the City and Agency.

The activity of the Authority is reported in debt service and capital projects funds. Separate financial statements are not prepared for this blended component unit.

B. Government-Wide and Fund Financial Statements
The government-wide financial statements (i.e., the statement of net position and the statement of changes in net position) report information on all of the nonfiduciary activities of the City. For the most part, the effect of interfund activity has been removed from these statements. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. The City has no business-type activities.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues.

Separate financial statements are provided for governmental funds, proprietary funds and fiduciary funds, even though the latter are excluded from the government-wide financial statements. Major individual governmental funds are reported as separate columns in the fund financial statements.

C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation The basic financial statements of the City are composed of the following:
• Government-wide financial statements.
• Fund financial statements.
• Notes to basic financial statements.
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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) The government-wide financial statements, proprietary fund and fiduciary fund financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Under the economic resources measurement focus, all assets and liabilities (current and long-term) are reported. Under the accrual basis of accounting, revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the fiscal year, which the taxes are levied. Revenue from grants, entitlements, and donations is recognized in the fiscal year in which all the eligibility requirements imposed by the provider have been met.

Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the City's internal service funds are charges to departments for services. Operating expenses for the proprietary funds include the cost of services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under the current financial resources measurement focus, generally only current assets and liabilities are reported in the governmental funds. Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Under the modified accrual basis of accounting, revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal year. Expenditures generally are recorded when a liability is incurred, except for principal and interest on long-term liabilities, claims and judgments, and compensated absences which are recognized as expenditures only when payment is due.

Property taxes, taxpayer-assessed taxes, such as sales taxes, gas taxes, and transient occupancy taxes, and interest associated with the current fiscal period are all considered to be susceptible to accrual and have been recognized as revenues of the current fiscal period. Only the portion of special assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period to the extent normally collected within the availability period. All other revenue items are considered to be measurable and available only when cash is received by the City.

The accounts of the City are organized and operated on the basis of funds, each of which is considered a separate accounting entity with a self-balancing set of accounts, established for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions or limitations.

As a general rule, the effect of Interfund activity has been eliminated from the government-wide financial statements.

Exceptions to this general rule are charges between the government’s proprietary funds functions and various other functions of the government. Elimination of these charges would distort the direct costs and program revenues reported for the various functions concerned.

Amounts reported as program revenues include 1) charges to customers or applicants for goods, services or privileges provided, 2) operating contributions and grants, and 3) capital contributions and grants, including special assessments. Internally dedicated resources are reported as general revenues rather than as program revenues.

Likewise, general revenues include all taxes.

When both restricted and unrestricted resources are combined in a fund, expenses are considered to be paid first from restricted resources, and then from unrestricted resources. 32

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The General Fund is the primary operating fund of the City and is used to account for all revenues and expenditures of the City not legally restricted as to use. A broad range of municipal activities are provided through this fund including City Manager, City Attorney, Finance, City Clerk, Public Works, Building and Safety, and Parks and Recreation.

The Traffic Improvement Fund is used to account for funds which have been received from development projects and designated by the City Council for traffic mitigation projects.

The Capital Improvement Project Fund is used to account for improvements of construction of capital facilities.

The City's fund structure also includes the following fund types:

Special Revenue Funds are used to account for the proceeds of specific revenue sources that are legally restricted or committed to expenditures for specified purposes.

Capital Projects Funds are used to account for and report financial resources that are restricted, committed, or assigned to expenditure for capital outlays, including the acquisition or construction of capital facilities and other capital assets.

Debt Service Fund are used to account for the receipt of revenues and payments of debt service related to outstanding bonds.

Additionally, the City reports the following fund types:

Internal Service Funds have been established to finance and account for goods and services provided by one City department to other City departments or agencies. These activities include self-insurance, equipment, building maintenance and computer maintenance.

E. Investments
For financial reporting purposes, investments are stated at fair value.

Changes in fair value that occur during a fiscal year are recognized as investment income reported for that fiscal year. Investment income includes interest earnings, changes in fair value, and any gains or losses realized upon the liquidation or sale of investments.

The City pools cash and investments of all funds, except for assets held by fiscal agents. Each fund’s share in this pool is displayed in the accompanying financial statements as cash and investments. Investment income earned by the pooled investments is allocated to the various funds based on each fund's average cash and investment balances.

F. Cash and Cash Equivalents
For purposes of the statement of cash flows, cash and cash equivalents are defined as short-term, highly liquid investments that are both readily convertible to known amounts of cash or so near their maturity (an original maturity date of three months or less from the date of purchase) that they present insignificant risk of changes in value because of changes in interest rates. Cash and cash equivalents also represent the proprietary funds' share in the cash and investment pool of the City. All cash and investments of the proprietary (internal service) funds are pooled with the City's pooled cash and investments and are therefore considered cash equivalents for purposes of the statement of cash flows.
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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) G. Prepaid Costs
Prepaid costs are accounted for on the consumption method. Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

H. Capital Assets
Capital assets (including infrastructure) are recorded at cost where historical records are available and at an estimated original cost where no historical records exist. Contributed capital assets are valued at acquisition value at the date of contribution. Capital asset purchases (other than infrastructure) in excess of $5,000 are capitalized if they have an expected useful life of three years or more. Donated capital assets, donated works of art and similar items, and capital assets received in a service concession arrangement are recorded at acquisition value at the date of donation.

Capital assets include additions to public domain (infrastructure), certain improvements including roads, streets, sidewalks, medians and storm drains within the City.

Capital assets used in operations are depreciated over their estimated useful lives using the straight-line method in the Government-wide and Proprietary Fund Financial Statements. Depreciation is charged as an expense against operations and accumulated depreciation is reported on the respective balance sheet.

The lives used for depreciation purposes of each capital asset class are:

Buildings and improvements 50 years
Furniture and fixtures 7 years
Vehicles 5 years
Infrastructure 10 - 50 years
Equipment 3 years
Intangible Assets are capitalized at cost related to the enterprise resource management system. Amortization has been provided on a straight-line basis over the estimated useful life of 10 years.

I. Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net assets that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/ expenditure) until then. The City has two items that qualify for reporting in this category. It is deferred outflows relating to the net pension obligation and net OPEB obligation reported in the government-wide statement of net position. These outflows are the results of contributions made after the measurement period, adjustments due to difference in proportions, and the difference between actual contributions made and the proportionate share of the risk pool’s total contributions, differences between expected and actual experiences, net differences between projected and actual experiences on plan investments, and change in assumptions. 34

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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net assets that applies to a future period(s) and thus will not be recognized as an inflow of resources (revenue) until that time. The government has three items which arises under the modified accrual basis of accounting that qualifies for reporting in this category. Accordingly, one item, unavailable revenue, is reported only in the governmental funds balance sheet. The governmental funds report unavailable revenues from two sources:
taxes and grant revenues. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available. In addition, the government has items that qualify for reporting in this category which relate to deferred inflows relating to the net pension and net OPEB obligations reported in the government-wide statement of net position. These inflows are the result of the net difference between projected and actual earnings on plan investments, changes in employer’s proportion, difference between the employer’s contributions and the employer’s proportionate share of contributions, adjustments due to difference in proportions, differences between expected and actual experiences, and change in assumptions. Lastly, leases related items for the amount of the lease receivable plus any lease payments related to future periods, less any lease incentives paid to, or on behalf of, the lessee at or before the commencement of the lease term.

J. Net Position Flow Assumption
Sometimes the government will fund outlays for a particular purpose from both restricted (e.g., restricted bond or grant proceeds) and unrestricted resources. In order to calculate the amounts to report as restricted – net position and unrestricted – net position in the government-wide and proprietary fund financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the government’s policy to consider restricted – net position to have been depleted before unrestricted – net position is applied.

K. Fund Balance Flow Assumptions
Sometimes the government will fund outlays for a particular purpose from both restricted and unrestricted resources (the total of committed, assigned, and unassigned fund balance). In order to calculate the amounts to report as restricted, committed, assigned, and unassigned fund balance in the governmental fund financial statements a flow assumption must be made about the order in which the resources are considered to be applied. It is the government’s policy to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance. Further, when the components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance. Unassigned fund balance is applied last.

L. Compensated Absences
Vacation and sick leave time begin to accumulate as of the first day of employment to a maximum of 360 hours and 480 hours, respectively. Employees who accumulate sick leave in excess of 200 hours may be compensated for the excess up to 80 hours annually at one half the employees current wage rate.

A liability is recorded for unused vacation and similar compensatory leave balances since the employees' entitlement to these balances are attributable to services already rendered and it is probable that virtually all of these balances will be liquidated by either paid time off or payments upon termination or retirement.

A liability is recorded for unused sick leave balances only to the extent that it’s probable that the unused balances will result in termination payments. This is estimated by including in the liability the unused balances of employees currently entitled to receive termination payments, as well as those who are expected to become eligible to receive termination benefits as a result of continuing their employment with the City.

If an employee retires, resigns, or terminates in good standing with a minimum of five years of service, the employee is entitled to receive 100% of unused sick leave at one half the employees current wage rate. Compensated absences will be reported in government funds only if they have matured, such as upon retirement. 35

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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) M. Pension Plan
For purposes of measuring the net pension liability, deferred outflows and inflows of resources related to pensions, and pension expense, information about the fiduciary net position and additions to/deductions from the fiduciary net position have been determined on the same basis as they are reported by the CalPERS Financial Office. For this purpose, benefit payments (including refunds of employee contributions) are recognized when currently due and payable in accordance with the benefit terms. Investments are reported at fair value. CalPERS audited financial statements are publicly available reports that can be obtained at CalPERS’ website under Forms and Publications.

Net Pension liability is expected to be paid in future years from future resources, typically liquidated from the General Fund.

N. Other Post-Employment Benefits (OPEB)
For purposes of measuring the net OPEB liability, deferred outflows of resources and deferred inflows of resources related to OPEB, and OPEB expense, information about the fiduciary net position of the City’s plan (OPEB Plan), the assets of which are held by California Employers’ Retiree Benefit Trust (CERBT), and additions to/deductions from the OPEB Plan’s fiduciary net position have been determined by an independent actuary. For this purpose, benefit payments are recognized when currently due and payable in accordance with the benefit terms. Investments are reported at fair value. Net OPEB liability is expected to be paid in future years from future resources, typically liquidated from the General Fund.

Generally accepted accounting principles require that the reported results must pertain to liability and asset information within certain defined timeframes. For this report, the following timeframes are used:

Valuation Date June 30, 2025
Measurement Date June 30, 2025
Measurement Period July 1, 2024, to June 30, 2025
O. Recognition of Deferred Outflows and Deferred Inflows of Resources Gains and losses related to changes in total OPEB or Pension liability and fiduciary net position are recognized in OPEB or Pension expense systematically over time. Amounts are first recognized in OPEB or Pension expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to OPEB or Pension and are to be recognized in future OPEB or Pension expense.

The recognition period differs depending on the source of the gain or loss:

Net difference between projected and actual 5 years
earnings on plan investments

All other amounts Expected average remaining service lifetime (EARSL) P. Property Taxes
Under California law, property taxes are assessed and collected by the counties up to 1% of assessed value, plus other increases approved by the voters. The property taxes go into a pool, and are then allocated to the cities based on complex formulas. Accordingly, the City accrues only those taxes which are received from the County within 60 days after year end.
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Lien date January 1
Levy date July 1
Due dates November 1 - 1st installment
February 1 - 2nd installment
Collection dates December 10 - 1st installment
April 10 - 2nd installment
Delinquent dates December 11 - 1st installment
April 11 - 2nd installment
Q. Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates. Net OPEB liability is expected to be paid in future years from future resources, typically liquidated from the General Fund.

R. Fund Balance
In the fund financial statements, government funds report the following fund balance classification:
• Nonspendable include amounts that cannot be spent because they are either (a) not in spendable form or (b) legally or contractually required to be maintained intact. • Restricted include amounts that are constrained on the use of resources by either (a) external creditors, grantors, contributors, or laws of regulations of other governments or (b) by law through constitutional provisions or enabling legislation.
• Committed include amounts that can only be used for specific purposes pursuant to constraints imposed by formal action of the government’s highest authority, City Council. The formal action that is required to be taken to establish, modify, or rescind a fund balance commitment is a resolution. • Assigned include amounts that are constrained by the government’s intent to be used for specific purposes, but are neither restricted nor committed. The Director of Finance is authorized to assign amounts to a specific purpose, which was established by the governing body in resolution. • Unassigned include the residual amounts that have not been restricted, committed, or assigned to specific purposes. The General Fund is the only fund that reports a positive fund unassigned fund balance amount. In other governmental funds it is not appropriate to report a positive unassigned fund balance amount.

However, in governmental funds other than the general fund, if expenditures incurred for specific purposes exceed the amounts that are restricted, committed, or assigned to those purposes, it may be necessary to report a negative unassigned fund balance in that fund.

An individual governmental fund could include nonspendable resources and amounts that are restricted or unrestricted (committed, assigned, or unassigned) or any combination of those classifications. Restricted amounts are to be considered spent when an expenditure is incurred for purposes for which both restricted and unrestricted fund balance is available and committed, assigned, then unassigned amounts are considered to have been spent when an expenditure is incurred for purposes for which amounts in any of those unrestricted fund balance classifications can be used.
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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) New GASB Pronouncement Effective during Fiscal Year
The following Government Accounting Standards Board (GASB) pronouncement was effective for and implemented for the fiscal year ended June 30, 2025:

GASB Statement No. 101, Compensated Absences
The requirements of this Statement will improve financial reporting by implementing a unified recognition and measurement model that will result in a liability for compensated absences that more appropriately reflects when a government incurs an obligation. Establishing the unified model will result in consistent application to any type of compensated absence and will eliminate potential comparability issues between governments that offer different types of leave. This Statement will also result in a more robust estimate of the amount of compensated absences that a government will pay or settle, which will enhance the relevance and reliability of information about the liability for compensated absences.

Management has assessed the impact of this Statement on the City’s financial statements and determined that the implementation of this Statement resulted in a beginning balance restatement as discussed in Note 14.

GASB Statement No. 102, Certain Risk Disclosures
The requirements of this Statement will improve financial reporting by providing users of financial statements with essential information that currently is not often provided. The disclosures will provide users with timely information regarding certain concentrations or constraints and related events that have occurred or have begun to occur that make a government vulnerable to a substantial impact. As a result, users will have better information with which to understand and anticipate certain risks to a government’s financial condition. The City’s financial statements were not impacted by the implementation of this Statement.

NOTE 2: STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
A. Deficit Fund Balance
At June 30, 2025, The City reported deficit fund equities in the following funds:

Fund Name Fund Type Deficit Cause
Capital Improvement Fund Major Capital Projects Fund (1,774,510) (b) CDBG NonMajor Special Revenue Fund (7,263) $ (a)
Local Roadway Safety Plan NonMajor Special Revenue Fund (a) (92) PLHA NonMajor Special Revenue Fund (120,920) (a)
Public Financing Authority NonMajor Debt Service Fund (14,616) (c) (a) Deficit due to timing differences between grant receipts and disbursements, and is expected to be eliminated through future grant revenues. (b) Deficit due to the timing differences between expenditures and the issuance of bonds to finance the project, and is expected to be eliminated once the bonds are issued. (c) Deficit due to insufficient transfers from the General Fund, which were budgeted to cover scheduled principal and interest payments on outstanding debt. The timing of these transfers did not align with the due dates of debt service obligations, causing expenditures to exceed available resources at year-end. Management anticipates that the deficit will be eliminated upon receipt of the scheduled transfers in the subsequent fiscal period. 38

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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 3: CASH AND INVESTMENTS
As of June 30, 2025, cash and investments were reported in the accompanying financial statements as follows:

Cash and investments held by the City at June 30, 2025, consisted of the following:

Investments Authorized by the California Government Code and the City's Investment Policy The following table identifies the investment types that are authorized for the City by the California Government Code (or the City’s investment policy, where more restrictive). The table also identifies certain provisions of the California Government Code (or the City's investment policy, where more restrictive) that address' interest rate risk, credit risk, and concentration of credit risk. This table does not address investments of debt proceeds held by bond trustee that are governed by the provisions of debt agreements of the City, rather than the general provisions of the California Government Code or the City's investment policy. The City Treasurer may waive the collateral requirement for deposits that are fully insured up to $250,000 by the FDIC.

Statement of Net Position
Cash and investments 71,232,721 $
Restricted:

Cash with fiscal agent 1,466
Total cash and investments 71,234,187 $
Statement of Net Position
Cash and investments 71,232,721 $
Restricted:

Cash with fiscal agent 1,466
Total cash and investments 71,234,187 $
Cash and investments held by the City at June 30, 2025, consisted of the following:

Cash on hand 1,630 $
Deposits with financial institutions 1,551,679
Total cash and cash equivalent 1,553,309
United States Government Sponsored Securities
Federal Agency Securities 21,076,284
Certificates of Deposit 21,050,579
Corporate Notes 5,792,046
Money Market Mutual Funds 11,248,383
Local Agency Investment Fund 10,512,120
Held by Fiscal Agent:

Money Market Mutual Funds 1,466
Total Investments and held by fiscal agent 69,680,878
Total cash and investments 71,234,187 $
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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
Authorized by Maximum Maximum
Investment Types Investment Maximum Percentage Investment Authorized by State Law Policy Maturity * of Portfolio * in One Issuer * U.S. Treasury obligations Yes 5 years None None
U.S. agency securities Yes 5 years None None
Bankers acceptances Yes 180 days 40% 30%
Time Certificate of Deposits Yes 5 years 30% $250,000
Commercial paper Yes 270 days 25% 10%
Certificates of deposit (negotiable) Yes 5 years 30% None Repurchase agreements Yes 1 year None None
Medium-term corporate notes (1) Yes 5 years 30% 5%
Money market mutual funds Yes N/A 20% None
Supranational Yes 5 years 30% None
(1) Notes ust be rated "A" or better
* Based on state law requirements or City investment policy requirements, whichever is more restrictive. 40

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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 3: CASH AND INVESTMENTS (CONTINUED)
Investments Authorized by Debt Agreements
Investments of debt proceeds held by bond trustee are governed by provisions of the debt agreements, rather than the general provisions of the California Government Code or the City's investment policy. The table below identifies the investment types that are authorized for investments held by bond trustee. The table also identifies certain provisions of these debt agreements that address interest rate risk, credit risk, and concentration of credit risk.

Disclosures Relating to Interest Rate Risk
Interest rate risk is the risk that changes in interest rates will adversely affect the fair value of an investment.

Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in interest rates. One of the ways that the City manages its exposure to interest rate risk is by purchasing a combination of shorter term and longer term investments and by timing cash flows from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for operations.

Information about the sensitivity of the fair values of the City's investments (including investments held by bond trustee) to interest rate fluctuations is provided by the following table that shows the distribution of the City's investments by maturity:

Maximum Maximum
Maximum Percentage Investment
Authorized Investment Type Maturity of Portfolio in One Issuer U.S. Treasury obligations None None None
U.S. agency securities None 10% None
Bankers acceptances 1 year None None
Repurchase obligations tax exempt 30 Days None None
Local Agency Investment Fund None None None
Taxable government money market portfo None Equal to six months of
principal and
interest in the
bonds
None
12 Months 13 to 36 37 to 60
Investment Type Total or Less Months Months
U.S. Treasury obligations $ 5,061,482 $ 1,992,441 $ 1,953,672 $ 1,115,369 U.S. agency securities 16,014,802 2,973,249 10,967,587 2,073,966 Certificates of deposit (negotiable) 21,050,579 5,254,550 7,468,720 8,327,309 Medium-term notes 5,792,046 986,235 - 4,805,811
Money market mutual funds 11,248,383 11,248,383 - -
Local Agency Investment Fund 10,512,120 10,512,120 - -
Held by Fiscal Agents - - - -
Money market mutual funds 1,466 1,466 - -
Total $ 69,680,878 $ 31,982,209 $ 21,376,214 $ 16,322,455 Remaining Maturity (in Months)
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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 3: CASH AND INVESTMENTS (CONTINUED)
Disclosures Relating to Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization.

Presented below is the minimum rating required by (where applicable) the California Government Code, the City's investment policy, or debt agreements, and the actual rating, as reported by Moody’s, as of year-end for each investment type:

Fair Value Hierarchy
The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset.

Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs.” The City has the following recurring fair value measurements as of June 30, 2025:

Local Agency Investment Funds classified in Level 2 of the fair value hierarchy are valued using specified fair value factors. Federal Agency Securities classified in Level 2 of the fair value hierarchy are valued using institutional bond quotes.

Minimum Exempt or
Investment Type Total Legal Rating Aaa Aa3 AA2 A1 A2 Not Rated U.S. Treasury obligations 5,061,482 $ Aaa 5,061,482 $ - $ -$ $ - $ - $ - U.S. agency securities 16,014,802 Aaa 16,014,802 - - - - - Certificates of deposit (negotiable) 21,050,579 Not Rated - - - - 21,050,579 - Repurchase agreements A - - - - - - -
Medium-term notes 5,792,046 A 478,120 1,246,644 357,378 1,655,133 2,054,771 Money market mutual funds 11,248,383 Not Rated - - - - 11,248,383 - Local Agency Investment Fund 10,512,120 Not Rated - - - - 10,512,120 - Held by Fiscal Agents
Money market mutual funds Not Rated 1,466 - - - - - 1,466 Total $ 69,680,878 $ 21,554,404 $ 1,246,644 -$ 357,378 $ $ 1,655,133 $ 44,867,319 Moody's Rating as of Fiscal Year End
Investment Type Total Level 1 Level 2
U.S. Treasury obligations $ 5,061,482 $ 5,061,482 $ -
U.S. agency securities 16,014,802 16,014,802 -
Certificates of deposit (negotiable) 21,050,579 21,050,579 - Medium-term notes 5,792,046 5,792,046 -
Total 47,918,909 $ 5,061,482 $ 42,857,427
Investment Type
Local Agency Investment Fund 10,512,120
Money Market Mutual Funds 11,248,383
Cash with Fiscal Agents
Money Market Funds 1,466
Totals 21,761,969
Total Investments 69,680,878 $
Input Category
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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 3: CASH AND INVESTMENTS (CONTINUED)
Disclosures Relating to Custodial Credit Risk
Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty (e.g., broker-dealer) to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party. The California Government Code and the City's investment policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for deposits or investments, other than the following provision for deposits: The California Government Code requires that a financial institution secure deposits made by state or local governmental units by pledging securities in an undivided collateral pool held by a depository regulated under state law (unless so waived by the governmental unit). The fair value of the pledged securities in the collateral pool must equal at least 110% of the total amount deposited by the public agencies. California law also allows financial institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of the secured public deposits. The City does not accept 150% of the secured public totals. At June 30, 2025, the City deposits (bank balances) were insured by the Federal Depository Insurance Corporation up to $250,000 and the remaining balances were collateralized under California Law. The cash and investments held by Bond Trustee are uninsured and uncollateralized.

Investment in State Investment Pool
The City is a voluntary participant in the California Local Agency Investment Fund (LAIF) that is regulated by California Government Code Section 16429 under the oversight of the Treasurer of the State of California. LAIF is overseen by the Local Agency Investment Advisory Board, which consists of five members, in accordance with State statute. The State Treasurer’s Office audits the fund annually. The fair value of the position in the investment pool is the same as the value of the pool shares.

NOTE 4: INTERFUND TRANSFERS AND DUE TO/FROM OTHER FUNDS Transfers from the General Fund to the Capital Improvement Fund were made to fund various capital improvement projects.

Transfers from the General Fund to the Non-major Governmental Funds were made to fund various capital improvement projects, the City general plan revision, a fund deficit and debt service payments.

Transfers to the General Fund from the Non-major Governmental Funds were made to fund various capital projects and administrative expenditures.

Capital Non-Major
General Improvement Governmental Internal Service
Fund Fund Funds Funds Total
Transfers out
General Fund $ 1,134,361 - $ $ 823,927 $ 1,751,780 $ 3,710,068 Non-Major Governmental Funds 1,448,849 10,224,902 - 11,673,751 - Total $ 1,448,849 $ 11,359,263 $ 823,927 $ 1,751,780 $ 15,383,819 Transfers in
43

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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 4: INTERFUND TRANSFERS AND DUE TO/FROM OTHER FUNDS (CONTINUED) Transfers to the Capital Improvement Fund from the Non-major Governmental Funds were made to fund various capital projects.

Short-term borrowings were made from the General Fund to Non-major Governmental due to negative cash. This is expected to be repaid in the immediate future with reimbursements.

NOTE 5: CAPITAL ASSETS
A summary of changes in the Governmental Activities capital assets at June 30, 2025, is as follows:

Depreciation/amortization expense was charged to functions in the Statement of Activities as follows:

Due/to From Due from other funds Due to other Funds Amount General Fund Capital Improvement Fund $ 1,248,214
General Fund Non-major Governmental Funds 118,067
Total $ 1,366,281
Balance Balance
July 1, 2024 Adjustments Additions Deletions Transfers June 30, 2025 Governmental activities:

Capital assets, not being depreciated/amortized
Land 6,369,509 $ $ 925,314 - $ $ - $ 7,294,823 - $
Right of way 265,614,104 - - - 265,614,104 -
Construction-in-progress 5,185,900 12,965,024 - (12,998,495) - 5,152,429 Total capital assets, not being depreciated/amortized 277,169,51 3 13,890,338 - (12,998,495) - 278,061,356 Capital assets, being depreciated/amortized
Buildings and improvements 50,734,726 175,648 - (60,676) 2,686,881 53,536,579 Furniture and fixtures 259,868 - - - 259,868 -
Vehicles and equipment 5,172,487 220,743 - (211,504) 5,181,726 - Infrastructure 208,294,718 426,867 - (86,904) 10,311,614 218,946,295 Intangible 771,167 - - - 771,167 -
Total capital assets, being depreciated/amortized 265,232,966 823,258 - (359,084) 12,998,495 278,695,635 Less accumulated depreciation/amortization
Buildings and improvements (43,684,200) (1,454,773) - (45,138,973) - Furniture and Fixtures (259,868) - - - (259,868) -
Vehicles and equipment (4,387,754) (161,200) - 211,504 (4,337,450) - Infrastructure (153,187,072) (934,910) (5,548,392) 2,172 (159,668,202) - Intangible (154,234) - (77,116) - (231,350) -
Total accumulated depreciation/amortization (201,673,128) (934,910) (7,241,481) 213,676 (209,635,843) - Total capital assets, being depreciated/amortized, net 63,559,83 8 (934,910) (6,418,223) (145,408) 12,998,495 69,059,792 Total governmental activities capital assets $ 340,729,351 $ (934,910) $ 7,472,115 $ (145,408) $ 347,121,148 - $ General government $ 406,921
Publc Works 6,058,428
Parks and recreation 604,520
Internal service funds 171,612
Total depreciation/amortization expense $ 7,241,481
44

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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 6: LONG-TERM LIABILITIES
Long-term liability activity for the year ended June 30, 2025, was as follows:

Bonds Payable
2021 Series A Lease Revenue Refunding Bonds
The 2021 Series A Lease Revenue Refunding Bonds were originally issued on June 1, 2021, in the principal amount of $6,735,000. Interest is paid semiannually on December 1 and June 1. The interest rate on these bonds is 4.0%.

The purpose of these bonds is to refund the 2002 Series A Lease Revenue Bonds and to cover issuance costs of the 2021 Series A bonds.

The following events are Events of Default under the Indenture: (i) if the City fails; (A) to pay rental payment payable under the lease agreement when the same becomes due and payable, time being expressly declared to be of the essence in the lease agreement; or (B) to keep, observe or perform any other term, covenant or condition contained therein or in the indenture to be kept or performed by the City; or (ii) upon the happening of any of the events specified in the lease agreement, the City is deemed to be in default thereunder and it is lawful for the Authority to exercise any and all remedies available pursuant to law or granted pursuant thereto. The 2021 Bonds are not subject to acceleration in the event of payment default. The City completed the refunding to reduce its total service payments by $1,736,355 and to obtain an economic gain (difference between the present value of the old and new debt service payments) of $1,632,706.

Credit Risk
The Counterparty, JPMorgan Chase, has the following credit ratings of: (i) Standard & Poor's, AA+ and (ii) Moody's, Aa2.

Payments and Associated Debt
As of June 30, 2025, debt service requirements of the Bonds and the Counterparty's payments, assuming current interest rates remain the same for remainder of the term of the Agreement, are as follows:

Amount
Balance Balance Due Within
July 1, 2024 Additions Deletions June 30, 2025 One Year Public Offering
Bonds payable
Bonds payable 5,335,000 $ - $ 505,000 $ 4,830,000 $ 530,000 $ Premium 966,819 - 107,424 859,395 -
Total bonds payable 6,301,819 - 612,424 5,689,395 530,000 Total governmental activities 6,301,819 $ - $ 612,424 $ 5,689,395 $ 530,000 $ June 30 Principal Interest
2026 530,000 $ $ 193,200
2027 550,000 172,000
2028 580,000 150,000
2029 605,000 126,800
2030 625,000 102,600
2031-2033 1,940,000 153,600
Totals $ 4,830,000 $ 898,200
Governmental Activities
45

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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 6: LONG-TERM LIABILITIES (CONTINUED)
Compensated Absences
The City's policies relating to compensated absences are described in Note 1. This liability, amounting to $1,372,857 at June 30, 2025, is expected to be paid in future years from future resources, typically liquidated from the General Fund.

NOTE 7: LIABILITY, PROPERTY AND WORKERS’ COMPENSATION PROTECTION The City of Diamond Bar is a member of the California Joint Powers Insurance Authority (Authority). The Authority is composed of 126 California public entities and is organized under a joint powers agreement pursuant to California Government Code §6500 et seq. The purpose of the Authority is to arrange and administer programs for the pooling of self-insured losses, to purchase excess insurance or reinsurance, and to arrange for group purchased insurance for property and other lines of coverage. The California JPIA began covering claims of its members in 1978. Each member government has an elected official as its representative on the Board of Directors. The Board operates through a nine-member Executive Committee.

A. Self-Insurance Programs of the Authority
Each member pays an annual contribution at the beginning of the coverage period. A retrospective adjustment is then conducted annually thereafter, for coverage years 2012-13 and prior. Coverage years 2013-14 and forward are not subject to routine annual retrospective adjustment. The total funding requirement for primary self-insurance programs is based on an actuarial analysis. Costs are allocated to individual agencies based on payroll and claims history, relative to other members of the risk-sharing pool.

Primary Liability Program
Claims are pooled separately between police and general government exposures. (1) The payroll of each member is evaluated relative to the payroll of other members. A variable credibility factor is determined for each member, which establishes the weight applied to payroll and the weight applied to losses within the formula. (2) The first layer of losses includes incurred costs up to $100,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the first layer. (3) The second layer of losses includes incurred costs from $100,000 to $500,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the second layer. (4) Incurred costs from $500,000 to $50 million, are distributed based on the outcome of cost allocation within the first and second loss layers.

The overall coverage limit for each member, including all layers of coverage, is $50 million per occurrence. Subsidence losses also have a $50 million per occurrence limit. The coverage structure is composed of a combination of pooled self-insurance, reinsurance, and excess insurance. Additional information concerning the coverage structure is available on the Authority’s website: https://cjpia.org/coverage/risk-sharing-pools/.

Primary Workers’ Compensation Program
Claims are pooled separately between public safety (police and fire) and general government exposures. (1) The payroll of each member is evaluated relative to the payroll of other members. A variable credibility factor is determined for each member, which establishes the weight applied to payroll and the weight applied to losses within the formula. (2) The first layer of losses includes incurred costs up to $75,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the first layer. (3) The second layer of losses includes Balance at
June 30, 2024 Adjustments
Adjusted
Balance
July 1, 2024 Net Change
Balance at
June 30, 2025
Due Within
One Year
Compensated absences 1,045,321 $ 243,822 $ 1,289,143 $ (83,714)$ $ 1,372,857 $ 350,000 46

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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 7: LIABILITY, PROPERTY AND WORKERS’ COMPENSATION PROTECTION (CONTINUED) incurred costs from $75,000 to $200,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the second layer. (4) Incurred costs from $200,000 to statutory limits are distributed based on the outcome of cost allocation within the first and second loss layers.

For 2024-25 the Authority’s pooled retention is $1 million per occurrence, with reinsurance to statutory limits under California Workers’ Compensation Law. Employer’s Liability losses are pooled among members to $1 million. Coverage from $1 million to $5 million is purchased through reinsurance policies, and Employer’s Liability losses from $5 million to $10 million are pooled among members.

B. Purchased Insurance
Pollution Legal Liability Insurance
The City of Diamond Bar participates in the pollution legal liability insurance program which is available through the Authority. The policy covers sudden and gradual pollution of scheduled property, streets, and storm drains owned by the City of Diamond Bar. Coverage is on a claims-made basis. There is a $250,000 deductible. The Authority has an aggregate limit of $20 million.

Property Insurance
The City of Diamond Bar participates in the all-risk property protection program of the Authority. This insurance protection is underwritten by several insurance companies. City of Diamond Bar property is currently insured according to a schedule of covered property submitted by the City of Diamond Bar to the Authority. City of Diamond Bar property currently has all-risk property insurance protection in the amount of $43,577,876. There is a $10,000 deductible per occurrence except for non-emergency vehicle insurance which has a $2,500 deductible.

Earthquake and Flood Insurance
The City of Diamond Bar purchases earthquake and flood insurance on a portion of its property. The earthquake insurance is part of the property protection insurance program of the Authority. City of Diamond Bar property currently has earthquake protection in the amount of Non Participant. There is a deductible of 5% per unit of value with a minimum deductible of $100,000.

Crime Insurance
The City of Diamond Bar purchases crime insurance coverage in the amount of $1,000,000 with a $2,500 deductible. The fidelity coverage is provided through the Authority.

Special Event Tenant User Liability Insurance
The City of Diamond Bar further protects against liability damages by requiring tenant users of certain property to purchase low-cost tenant user liability insurance for certain activities on agency property. The insurance premium is paid by the tenant user and is paid to the City of Diamond Bar according to a schedule. The City of Diamond Bar then pays for the insurance. The insurance is facilitated by the Authority.

C. Adequacy of Protection
During the past three fiscal years, none of the above programs of protection experienced settlements or judgments that exceeded pooled or insured coverage. There were also no significant reductions in pooled or insured liability coverage in 2024-25.
47

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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 8: PENSIONS
A. Rate Plan Description
All qualified permanent and probationary employees are eligible to participate in the Public Agency Cost-Sharing Multiple-Employer Defined Benefit Pension Plan (Plan) administered by the California Public Employees’ Retirement System (CalPERS.) The Plan consists of individual rate plans (benefit tiers) within a miscellaneous risk pool (all other.) Plan assets may be used to pay benefits for any employer rate plan of the miscellaneous pools.

Accordingly, rate plans miscellaneous pools are not separate plans under GASB Statement No. 68. Individual employers may sponsor more than one rate plan in the risk pools. The City sponsors two rate plans. Benefit provisions under the Plan are established by State statute and Local Government resolution. CalPERS issues publicly available reports that include a full description of the pension plan regarding benefit provisions, assumptions and membership information that can be found on the CalPERS website.

B. Benefits Provided
CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to rate plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of full-time employment. Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits. All members are eligible for non-duty disability benefits after 10 years of service. The death benefit is one of the following: The Optional Settlement 2W Death Benefit or the Lump Sum Death Benefit. The cost of living adjustments for each rate plan are applied as specified by the Public Employees’ Retirement Law. The Rate Plans’ provisions and benefits in effect at June 30, 2025, are summarized as follows:
* Miscellaneous rate plan is closed to new entrants.

C. Contributions
Section 20814(c) of the California Public Employees’ Retirement Law (PERL) requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. The total rate plan contributions are determined through the CalPERS’ annual actuarial valuation process. The actuarially determined rate is based on the estimated amount necessary to pay the Plan’s allocated share of the risk pool’s costs of benefits earned by employees during the year, and any unfunded accrued liability. The employer is required to contribute the difference between the actuarially determined rate and the contribution rate of employees.

The City’s contributions to the Plan for the year ended June 30, 2025, were $1,438,916.

Miscellaneous
Prior to
January 1, 2013
Benefit vesting schedule 2% @ 55
Benefit payments monthly for life
Retirement age Minimum 50 yrs

1.425% - 2.418%
Monthly benefits, as a % of eligible compensation 50 yrs - 63 + yrs, respectively
Required employee contribution rates 6.92%
Required normal employer contribution rates 11.84%
Required employer payment of unfunded liability 547,846

7.75%

7.68%
0 Hire date
Misc. PEPRA
52 yrs - 67 + yrs,
respectively
January 1, 2013
and thereafter
2% @ 62
monthly for life
Minimum 52 yrs

1.000% - 2.500%
48

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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 8: PENSIONS (CONTINUED)
D. Pension Liabilities, Pension Expense and Deferred Outflows and Deferred Inflows of Resources Related to Pensions
As of June 30, 2025, the City reported a net pension liability for its proportionate share of the net pension liability of the Plan of $8,708,162 and is expected to be paid in future years from future resources, typically liquidated from the General Fund.

The City’s net pension liability for the Plan is measured as the proportionate share of the net pension liability. The net pension liability of the Plan is measured as of June 30, 2024, and the total pension liability for the Plan used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2023, rolled forward to June 30, 2024, using standard update procedures. The City’s proportion of the net pension liability was based on a projection of the City’s long-term share of contributions to Plan relative to the projected contributions of all participating employers, actuarially determined. The City’s proportionate share of the net pension liability for each Rate Plan as of June 30, 2023 and 2024, was as follows:

For the year ended June 30, 2025, the City recognized pension expense of $2,067,298. At June 30, 2025, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Miscellaneous
Proportion - June 30, 2024 (measured June 30, 2023) 0.070323% Proportion - June 30, 2025 (measured June 30, 2024) 0.071805% Change 0.001482%
Deferred Outflows Deferred Inflows
of Resources of Resources
Contributions subsequent to the
measurement date 1,438,916 $ - $
Changes of assumptions 223,818 -
Adjustment due to difference
in proportins 277,783 -
Differences between expected and
actual experience 752,901 (29,378)
Change in employer's proportion and
differences between the employer's
contribution and the employer's
proportionate share of contributions - (121,049)
Net difference between projected
and actual earnings on pension
plan investments 501,318 -
Total $ 3,194,736 $ (150,427)
49

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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 8: PENSIONS (CONTINUED)
$1,438,916 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2026. Other amounts reported as deferred outflows or deferred inflows of resources related to pensions will be recognized as pension expense as follows:

E. Actuarial Methods and Assumptions Used to Determine Total Pension Liability For the measurement period ended June 30, 2024 (the measurement date), the total pension liability was determined by rolling forward the June 30, 2023 total pension liability. The June 30, 2024 total pension liability was based on the following actuarial methods and assumptions:

Actuarial Methods and Assumptions
The collective total pension liability for the June 30, 2024 measurement period was determined by an actuarial valuation as of June 30, 2023, with update procedures used to roll forward the total pension liability to June 30, 2024. The collective total pension liability was based on the following assumptions:
1 The mortality table was used developed based on CalPERS-specific data. The table includes 15 years of mortality improvements using Society of Actuaries Scale 80% of scale MP 2020. For more details on this table, please refer to the December 2021 experience study report (based on CalPERS demographic date from 2010 to 2019) that can be found on the CalPERS website.

All other actuarial assumptions used in the June 30, 2023 valuation were based on the results of an actuarial experience study for the period from 2010 to 2019, including updates to salary increase, mortality and retirement rates. The Experience Study report can be obtained at CalPERS’ website under Forms and Publications.

F. Discount Rate
The discount rate used to measure the total pension liability for PERF C was 6.90%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers will be made at statutorily required rates, actuarially determined. Based on those assumptions, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

Deferred
Outflows/(Inflows)
Fiscal year ended June 30, of Resources
2025 592,276 $
2026 1,154,261
2027 30,652
2028 (171,796)
2029 -
Total 1,605,393 $
Investment rate of return 6.90%
Inflation 2.30%
Salary increases Varies by Entry Age and Service
Mortality rate table 1 Derived using CalPERS' Membership Date for all Funds Post-retirement benefit increase Contract COLA up to 2.30% until Purchase Power Protection Allowance Floor on Purchasing Power applies. 50

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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 8: PENSIONS (CONTINUED)
The long-term expected rate of return on pension plan investments was determined using a building-block method in which expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class.

In determining the long-term expected rate of return, CalPERS took into account both short-term and long-term return expectations as well as the expected pension fund cash flows. Using historical returns and forecasted information of all the funds’ asset classes, expected compound (geometric) returns were calculated over the short-term (first 10 years) and the long-term (11+ years) using a building-block approach. Using the expected nominal returns for both short-term and long-term, the present value of benefits was calculated for each fund. The expected rate of return was set by calculating the rounded single equivalent expected return that arrived at the same present value of benefits for cash flows as the one calculated using both short-term and long-term returns.

The expected rate of return was then set equal to the single equivalent rate calculated above and adjusted to account for assumed administrative expenses.

The table below reflects long-term expected real rate of return by asset class. The rate of return was calculated using the capital assumptions applied to determine the discount rate and asset allocation.

G. Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liability/(asset) of the Plan as of the measurement date, calculated using the discount rate of 6.90 percent, as well as what the net pension liability/(asset) would be if it were calculated using a discount rate that is 1 percentage-point lower (5.90 percent) or 1 percentage-point higher (7.90 percent) than the current rate:

H. Pension Plan Fiduciary Net Position
Detailed information about the Plan’s fiduciary net positions is available in the separately issued CalPERS financial reports.

Assumed
Asset
Asset Class Allocation Real Return 1, 2
Global equity-cap-weighted 30.00% 4.54%
Global equity-non-cap-weighted 12.00% 3.84%
Private equity 13.00% 7.28%
Treasury 5.00% 0.27%
Mortgage-backed securities 5.00% 0.50%
Investment grade corporates 10.00% 1.56%
High yield 5.00% 2.27%
Emerging market debt 5.00% 2.48%
Private debt 5.00% 3.57%
Real assets 15.00% 3.21%
Leverage -5.00% -0.59%
1 An expected inflation of 2.30% used for this period.
2 Figures are based on the 2021-22 Asset Liability Management study Discount Rate Current Discount Rate
-1 Percent Discount Rate +1 Percent
(5.90%) (6.90%) (7.90%)
Plan's net pension liability/(asset) 14,421,018 $ 8,708,162 $ 4,005,641 $ 51

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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 9: POST-EMPLOYMENT BENEFITS OTHER THAN PENSIONS
The City provides an agent multiple employer OPEB plan to retirees through the California Employers’ Retiree Benefit Trust (CERBT). Information on the plan is available from CalPERS on their website www.calpers.ca.gov.

A. Plan Description
Plan administration. Medical coverage is provided through CalPERS under the Public Employees' Medical and Hospital Care Act (PEMHCA), also referred to as PERS Health. Employees may choose from a variety of HMO and PPO medical and prescription drug options.

Benefits provided. The City sets its monthly contribution rates for health insurance on behalf of active employees according to the PEMHCA statutory minimum $136/month for calendar 2019 and $139/month for calendar 2020.

These amounts are indexed (increased) in all future years according to the rate of medical inflation. The City pays a 0.33% of premium administrative charge for all active employees. The City offers the same medical plans to its retirees as to its active employees, with the general exception that upon reaching age 65 and becoming eligible for Medicare, the retiree must join one of the Medicare Supplement coverages offered under PEMHCA.

Employees become eligible to retire and receive City-paid healthcare benefits upon attainment of age 50 and 5 years of covered PERS service (age 52 and 5 for hires after 1/1/13), or by attaining qualifying disability retirement status. The City's contribution on behalf of all eligible retirees is the same as for active employees $139/month for calendar 2020 and $219/month for calendar 2021, increased in all future years according to the rate of medical inflation. The City pays a 0.33% of premium administrative charge on behalf of all retirees.

B. Plan membership
At June 30, 2025, membership consisted of the following:

C. Contributions
The City currently contributes the full Actuarially Determined Contribution (ADC) to the CERBT OPEB trust, in addition to paying benefit payments outside the trust. For the measurement date ended June 30, 2025, the City’s total cash contributions were $118,900 in total payments, which were recognized as a reduction to the OPEB liability.

Inactive members currently receiving benefits 11
Active members 65
Total 76
52

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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 9: POST-EMPLOYMENT BENEFITS OTHER THAN PENSIONS (CONTINUED) D. Investments
The CERBT was established for public agencies to pre-fund other post-employment benefit obligations. Employers may choose amount three different investment strategies. The City of Diamond Bar has selected Strategy 3.

Compared to strategies 1 and 2, this portfolio consists of a higher percentage of bonds and other assets and a lesser percentage of equities. The following was the investment committee approved asset allocation targets as of June 30, 2024 (CalPERS ACFR for fiscal year 2024-2025 was not available as of the issuance of the City’s ACFR):

E. Net OPEB Liability
The City’s Net OPEB Liability was measured as of June 30, 2025 and the Total OPEB Liability used to calculate the Net OPEB Liability was determined by an actuarial valuation as of July 1, 2024 and is expected to be paid in future years from future resources, typically liquidated from the General Fund.

F. Actuarial assumptions
The total OPEB liability was determined using the following actuarial assumptions, applied to all periods included in the measurement, unless otherwise specified:

Actuarial Cost Method Entry Age Level Percent of Pay Cost Method Actuarial Assumptions
Discount Rate 5.75%
Salary increases 2.75%
Inflation rate 2.50%
Investment rate of return 5.75%, net of OPEB plan investment expense Healthcare cost trend rate 4.00%
The mortality assumptions are based on the 2021 CalPERS Retiree Mortality for Miscellaneous and Schools Employees table created by CalPERS. CalPERS periodically studies mortality for participating agencies and establishes mortality tables that are modified versions of commonly used tables. This table incorporates mortality projection as deemed appropriate based on CalPERS analysis.

The retirement assumptions are based on the 2021 CalPERS 2.0%@55 Rates for Miscellaneous Employees table created by CalPERS. CalPERS periodically studies the experience for participating agencies and establishes tables that are appropriate for each pool.

The retirement assumptions are based on the 2021 CalPERS 2.0%@62 Rates for Miscellaneous Employees table created by CalPERS. CalPERS periodically studies the experience for participating agencies and establishes tables that are appropriate for each pool.

Asset Class Target Allocation
Global Equity 23%
U.S. Fixed Income 51%
TIPS 9%
REITs 14%
Commodities 3%
100%
53

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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 9: POST-EMPLOYMENT BENEFITS OTHER THAN PENSIONS (CONTINUED) The turnover assumptions are based on the 2021 CalPERS Turnover for Miscellaneous Employees table created by CalPERS. CalPERS periodically studies the experience for participating agencies and establishes tables that are appropriate for each pool.

G. Discount rate
The discount rate used to measure the total OPEB liability was 5.75%. The projection of cash flows used to determine the discount rate assumed that the City contributions will be made at rates equal to the actuarially determined contribution rates. Based on those assumptions, the OPEB plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on OPEB plan investments was applied to all periods of projected benefit payments to determine the total OPEB liability.

H. Changes in the Net OPEB Liability
The changes in the net OPEB liability are as follows:
*Contributions-employer amount includes implicit subsidy associated with benefits paid.

Total OPEB Plan Fiduciary Net OPEB
Liability Net Position Liability/(Asset)
(a) (b) (c) = (a) - (b)
Balance at June 30, 2024 (measured June 30, 2025) $ 782,823 1,386,464 $ 603,641 $ Changes recognized for the
measurement period:

Service cost 74,147 - 74,147
Interest on total OPEB liability 80,965 - 80,965
Contributions-employer - 118,900 (118,900)
Net investment income - 75,772 (75,772)
Benefit payments, including refunds of
employee contributions (30,900) (30,900) -
Administrative expense - (648) 648
Experience (Gains)/Losses (166,175) - (166,175)
Net changes (41,963) 163,124 (205,087)
Balance at June 30, 2025 (measured June 30, 2025) $ 945,947 1,344,501 $ 398,554 $ 54

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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 9: POST-EMPLOYMENT BENEFITS OTHER THAN PENSIONS (CONTINUED) I. Sensitivity of the Net OPEB liability to changes in the discount rate The following presents the net OPEB liability, as well as what the net OPEB liability would be if it were calculated using a discount rate that is 1 percentage-point lower (4.75 percent) or 1 percentage-point higher (6.75 percent) than the current discount rate:

J. Sensitivity of the Net OPEB liability to changes in the healthcare cost trend rates The following presents the net OPEB liability, as well as what the net OPEB liability would be if it were calculated using healthcare cost trend rates that are 1-percentage-point lower (5.00 percent decreasing to 4.00 percent) or 1-percentage-point higher (7.00 percent decreasing to 6.00 percent) than the current healthcare cost trend rates:

K. Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB At June 30, 2025, the City’s deferred outflows of resources and deferred inflows of resources to OPEB from the following sources are:

Discount Rate Current Discount Rate
-1 Percent Discount Rate +1 Percent
(4.75%) (5.75%) (6.75%)
Plan's net OPEB liability/(asset) 592,684 $ 398,554 $ 237,856 $ Current
1 Percent Heathcare 1 Percent
Decrease Trend Rate Increase
Plan's net OPEB liability/(asset) 196,813 $ 398,554 $ 652,850 $ Deferred Outflows Deferred Inflows
of Resources of Resources
Changes of assumptions 119,598 $ - $
Differences between expected and
actual experience 1,955 (299,570)
Net difference between projected
and actual earnings on OPEB
plan investments - (1,383)
Total 121,553 $ (300,953) $
55

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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 9: POST-EMPLOYMENT BENEFITS OTHER THAN PENSIONS (CONTINUED) Amounts reported as deferred outflows and deferred inflows of resources will be recognized in OPEB expense as follows:

NOTE 10: LEASES
A. Leases Receivable and Deferred Inflows of Resources
The City leases of communication equipment and land for the installation of cellular towers. The terms range from 60 months to 360 months as of the contract commencement date. Some leases have extension options of ranging from 60 months to 25 years. An initial lease receivable was recorded in the amount of $2,742,364. As of June 30, 2025, the value of the lease receivable is $2,463,045. The value of the deferred inflow of resources as of June 30, 2025 was $2,311,306, and the City recognized lease revenue of $185,882.35 during the fiscal year.

The principal and interest payments that are expected to maturity are as follows:

Deferred
Outflows/(Inflows)
Fiscal year ended June 30, of Resources
2026 1,938 $
2027 (15,929)
2028 (22,957)
2029 (20,884)
2030 (15,236)
Thereafter (106,332)
Total (179,400) $
Fiscal Year Principal Payments Interest Payments Total Payments 2026 166,740 $ 96,018 $ 262,758 $
2027 168,398 88,800 257,198
2028 171,218 82,055 253,273
2029 179,181 75,064 254,245
2030 184,498 67,747 252,245
2031-2035 1,035,089 218,709 1,253,798
2036-2040 537,221 44,477 581,698
2041-2044 20,700 207 20,907
Total 2,463,045 $ 673,077 $ 3,136,122 $
Principal and Interest Requirements to Maturity
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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 11: CLASSIFICATION OF FUND BALANCE
Details of the fund balance classifications at June 30, 2025, are as follows:

Restricted for Community Development Projects:

Integrated Waste Management 2,608,339 $
Trails & Bikeways Fund 659
Beverage Recycling 130,584
Used Oil Block Grant 29,644
Park and Facility Development 2,734,104
Homelessness Response 77,064
PEG Fees 492,986
CASP Fees (SB1186) 65,006
Total 6,138,386
Restricted for Public Safety:

COPS 473,676
Hazard Mitigation Grant 5,815
Total 479,491
Restricted for Highways and Streets:

State Gas Tax 681,022
Proposition A Transit 2,643,652
Proposition C Transit 1,374,026
Transportation Grant 1,072
Traffic Improvement 8,791,949
Sewer Mitigation 63,641
Road Maintenance & Rehab 2,509,136
Measure R Local Return 1,361,955
Waste Hauler 272,099
Street Beautification 374,653
Measure W Local Return 1,904,645
Total 19,977,850
Restricted for Capital Projects:

Air Quality Improvement 209,326
Measure M Local Return 1,469,017
Landscape Maintenance District 839,031
Total 2,517,374
Committed for Emergency Contingencies
General Fund 8,071,538
Assigned to Other Post Employment Benefits (OPEB):

General Fund 259,359
Assigned to Technology Reserve:

General Fund 172,255
Assigned for Capital Improvement Projects:

General Fund 1,128,611
Assigned for Tres Hermano Conservancy:

General Fund (Tres Hermanos Fund 248) 6,923
Assigned for General Plan Update:

General Fund (General Plan Update Fund 103) 325,212
Assigned for Community Organization Report:

General Fund (Law Enforcement Reserve Fund 102) 2,062
Assigned for Law Enforcement Reserve:

General Fund (Law Enforcement Reserve Fund 102) 1,323,656 Unassigned Fund Balance:

General Fund (Fund 100) 23,084,596
Other Governmental Funds (1,917,401)
Total Unassigned Funds 21,167,195 $
57

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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 12: TRES HERMANOS CONSERVATION AUTHORITY JOINT POWERS AUTHORITY

The Tres Hermanos Conservation Authority (Authority) is a joint powers agency created by a joint powers agreement between the cities of Chino Hills and Diamond Bar, California, dated January 19, 1999. It was created pursuant to Articles 1 through 4 of Chapter 5, Division 7, Title 1 of the Government Code of the State of California, in accordance with the provisions of the Marks-Roos Local Bond Pooling Act of 1985. The purpose of the Authority is to create a public entity to coordinate the overall development and conservation of a large undeveloped area of real property known as the Tres Hermanos Ranch, by preparing studies, plans, environmental reviews and similar information and by making recommendations to its members to take such actions including, but not limited to, acquisition and eminent domain as are necessary to implement its recommendations.

On February 6, 2019, the Authority amended and restated its agreement with the City of Industry pursuant to a Settlement Agreement. The City of Industry purchased the Tres Hermanos Ranch from the Successor Agency to Industry’s Urban Development Agency. The City of Chino Hills and Diamond Bar contributed 10% of the purchase of the land. With the new agreement each City will contribute approximately $70,000 each year for ranch expenses and maintenance costs. The Board shall consist of seven voting directors and one alternate from each City, actions taken require at least four approval. Three must come from the City of Industry, two from City of Chino Hills and two from City of Diamond Bar.

The Authority is a public entity separate and apart from each of the Cities. The funds of the Authority have not been included within the scope of the basic financial statements of the Cities because the Authority has its own governing board that has responsibility over the operations of the Authority.

NOTE 13: CONSTRUCTION COMMITMENTS
The City had the following material construction commitments at June 30, 2025:

NOTE 14: RESTATEMENTS
A. Correction of an Error in Previously Issued Financial Statements (Column A) During fiscal year 2025, the City determined that unearned revenues totaling $771,151 for recreation center activities received in advanced were incorrectly reported as unavailable revenues. The effect of correcting that error is shown in column A of the table below.

During fiscal year 2025, the City determined that an asset acquired and placed into service in prior years had not been depreciated resulting $934,910 in depreciation related to prior years. The effect of correcting that error is shown in column A of the table below.

During fiscal year 2025, the City made an adjustment to deferred inflows for leases and lease receivables totaling $128,326 related to lease activity to better align with GASB 87.

B. Change in Accounting Principle (Column B)
For fiscal year ended June 30, 2025, the City implemented GASB Statement No. 101, Compensated Absences, which updated the recognition and measurement guidance for compensated absences, to align recognition and measurement under a single unified model to better meet the needs of financial statement users; refer to note 1.

The effect of the implementation of the change in accounting principle is shown in column B of the table below.

Capital projects fund $ 389,751
Nonmajor governmental funds 2,500,499
Total $ 2,890,250
58

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CITY OF DIAMOND BAR, CALIFORNIA
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
NOTE 14: RESTATEMENTS (CONTINUED)
C. Adjustments to and Restatements of Beginning Balances During fiscal year 2025, changes to or within the financial reporting entity, an error correction, and the change in accounting principle resulted in adjustments to and restatements of beginning net position and fund net position, as follows (amounts in thousands):

NOTE 15: SUBSEQUENT EVENTS
The City evaluated subsequent events for recognition and disclosure through January 20, 2026, the date on which these financial statements were available to be issued. Management concluded that no material subsequent events have occurred since June 30, 2025, that required recognition or disclosure in these financial statements. (A.) (B.) (C.)
June 30, 2024 Changes in
As Previously Error Accounting June 30, 2024
Reported Correction Principle As Restated
Government-wide
Governmental activities $ 399,708,488 $ (1,577,735) $ (243,822) $ 397,886,931 Total government-wide $ 399,708,488 $ (1,577,735) $ (243,822) $ 397,886,931 Governmental funds
Major funds
General fund $ 34,500,049 $ 128,326 $ 34,628,375 - $
Traffic Improvement 8,306,200 - 8,306,200 -
Capital Improvement (415,120) - (415,120) -
Nonmajor funds 23,574,754 - 23,574,754 -
Total governmental funds $ 65,965,883 $ 128,326 $ 66,094,209 - $ 59

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REQUIRED SUPPLEMENTARY INFORMATION

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CITY OF DIAMOND BAR, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual General Fund
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Taxes $ 16,637,532 $ 16,637,532 $ 15,795,706 $ (841,826) Licenses and permits 1,203,103 1,203,103 1,222,775 19,672 Intergovernmental 8,120,488 8,120,488 8,079,884 (40,604) Charges for services 3,118,697 3,118,697 2,602,549 (516,148) Use of money and property 1,615,300 1,615,300 2,530,420 915,120 Fines and forfeitures 370,000 370,000 356,821 (13,179)
Miscellaneous 46,430 46,430 38,837 (7,593)
Total revenues 31,111,550 31,111,550 30,626,992 (484,558)

EXPENDITURES
Current:

General government
City council 243,866 243,866 206,280 37,586
City attorney 238,500 238,500 435,735 (197,235)
City manager 1,258,258 1,306,468 1,228,680 77,788
City clerk 497,328 499,766 491,332 8,434
Finance 899,244 899,244 899,797 (553)
Human resources & risk management 578,670 578,670 578,263 407 Information systems 1,654,739 1,654,739 1,636,544 18,195 Community relations 1,059,341 1,059,341 875,756 183,585 Diamond Bar center 1,729,216 1,729,216 1,542,854 186,362 Contribution to OPEB trust 88,000 88,000 88,000 -
Subtotal General government 8,247,162 8,297,810 7,983,241 314,569 Public safety
Law enforcement 8,964,265 8,964,265 8,615,146 349,119
Volunteer program 4,000 4,000 181 3,819
Fire protection 8,000 8,000 7,359 641
Animal control 455,000 455,000 463,682 (8,682)
Emergency preparedness 50,600 50,600 42,993 7,607
Subtotal Public safety 9,481,865 9,481,865 9,129,361 352,504 Community development
Planning 931,485 1,070,434 1,127,464 (57,030)
Building & safety 1,213,234 1,213,234 1,139,057 74,177
Neighborhood improvement 549,417 549,417 489,568 59,849 Economic development 462,759 462,759 415,505 47,254
Subtotal Community development 3,156,895 3,295,844 3,171,594 124,250 Parks and recreation
Recreation 2,797,668 2,822,223 2,437,812 384,411
Subtotal Parks and recreation 2,797,668 2,822,223 2,437,812 384,411 Public works
Public works administration 681,433 681,433 690,631 (9,198) engineering 891,863 891,863 405,103 486,760
Civic center 823,681 823,681 710,956 112,725
Parks & facilities maintenance 1,770,250 1,820,227 1,783,804 36,423 Landscape maintenance 347,100 347,100 338,317 8,783
Road maintenance 2,251,632 2,251,632 1,969,117 282,515
Subtotal Public works 6,765,959 6,815,936 5,897,928 918,008 Total expenditures 30,449,549 30,713,677 28,619,936 2,093,741 Excess (deficiency) of revenues
over (under) expenditures 662,001 397,873 2,007,056 1,609,183

OTHER FINANCING SOURCES (USES)
Transfers in 1,637,500 1,637,500 1,448,849 (188,651)
Transfers out (2,994,569) (5,120,569) (3,710,068) 1,410,501 Total other financing sources (uses) (1,357,069) (3,483,069) (2,261,219) 1,221,850 Net change in fund balances $ (695,068) $ (3,085,195) (254,163) $ 2,831,032 Fund balances-beginning 34,500,049
Restatements-correction of error 128,326
Fund balances (deficit)-beginning, as restated 34,628,375 Fund balances (deficit)-ending $ 34,374,212
See Notes to Required Supplementary Information.
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CITY OF DIAMOND BAR, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Traffic Improvement
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of money and property $ 150,000 $ 150,000 $ 485,749 $ 335,749 Total revenues 150,000 150,000 485,749 335,749
Net change in fund balances $ 150,000 $ 150,000 485,749 $ 335,749 Fund balances-beginning 8,306,200
Fund balances (deficit)-ending $ 8,791,949
See Notes to Required Supplementary Information.
64

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Diamond Bar City CouncilFebruary 17, 2026

Diamond Bar City Council
February 17, 2026